The bar chart and performance table below show the variability of the Fund’s returns, which is some indication of the risks of investing in the Fund. The bar chart shows performance of the Fund’s shares for each full calendar year since the Fund’s inception. The performance table compares the performance of the Fund’s shares over time to the performance of a broad-based securities market index. You should be aware that the Fund’s past performance (before and after taxes) may not be an indication of how the Fund will perform in the future. Updated performance information is available at no cost by calling 1-888-604-5506.
| Best Quarter: | 12/31/2023 | 5.71% |
| Worst Quarter: | 6/30/2022 | (3.58)% |
The total return for Fund shares from January 1, 2026 to June 30, 2026 was 0.96%.
| One Year |
Five Years |
Since
Inception of the Fund | |
| Return before taxes | 4.33% | 1.64% | 2.26% |
| Return after taxes on distributions | 1.82% | (0.13)% | 0.45% |
| Return after taxes on distributions and sale of Fund shares | 2.53% | 0.48% | 0.94% |
| Morningstar US Core Bond Index* | 7.12% | (0.43)% | (0.12)% |
| Bloomberg Barclays Aggregate Bond Index** | 7.30% | (0.36)% | (0.06)% |
| * | The Morningstar US Core Bond Index measures the performance of fixed-rate, investment-grade USD-denominated securities with maturities greater than one year. It is market-capitalization weighted. This Index does not incorporate Environmental, Social, or Governance (ESG) criteria. |
| ** | Bloomberg Barclays Aggregate Bond Index is a broad-based benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The Index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and nonagency). It includes securities that have at least one year to maturity, and have an outstanding par value of at least $250 million. Bonds specifically excluded are tax-exempt municipal securities, inflation-linked bonds, floating-rate issues and convertible bonds. The index is market cap weighted and reconstituted on the last business day of the month. Investors cannot invest directly in an index or benchmark. |
After-tax returns are calculated using the highest historical individual federal marginal income tax rate and do not reflect the impact of state and local taxes. Actual after-tax returns depend on a shareholder’s tax situation and may differ from those shown. The after-tax returns are not relevant if you hold your Fund shares in tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRA”).