|
|
Fund Performance
| Class N
(Period ending 8/31/2010) |
|
|
| |
Month |
YTD |
1 Yr. |
3 Yrs. |
5 Yrs. |
10 Yrs. |
Life of
Fund
(12/1/2009) |
| Low Duration Fund |
0.09% |
1.90% |
-- |
-- |
-- |
-- |
1.28% |
| Merrill Lynch 1-Year U.S. Treasury Note Index |
0.09% |
0.71% |
-- |
-- |
-- |
-- |
0.55% |
| Morningstar
Short-Term Bond
Category |
0.73% |
3.23% |
6.27% |
-- |
-- |
-- |
-- |
 |
For most recent net asset values and year-to-date total return information, please click here.
Performance cited represents past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. Returns shown are since inception total returns, which assume reinvestment of dividends and capital gains. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares.
Class N Shares are available to the general public without a sales load. Class I Shares are available to certain institutional investors.
The Merrill Lynch 1-Year U.S. Treasury Note Index is comprised of a single U.S. Treasury Bill issue purchased at the beginning of each month and held for a full month. Each month the index is rebalanced and the issue selected is the outstanding U.S. Treasury Noite that matures closest to, but not beyond one year from the rebalancing date.
The Morningstar Short-Term Bond Category represents the average annual composite performance of all mutual funds listed in the Short-Term Bond Category by Morningstar.
The Fund’s investments in mortgage-backed securities are subject to prepayment risk. Prepayment of high interest rate mortgage-backed securities during times of declining interest rates will tend to lower the return of the Fund and may even result in losses if the prepaid securities were acquired at a premium.
To the extent the Fund invests in short-term U.S. dollar-denominated foreign money market instruments, investing in foreign securities may involve a greater degree of risk than investing in domestic securities due to the possibility of, but not limited to, less publicly available information, more volatile markets, less securities regulation, less favorable tax provisions, war and expropriation.
|