Fixed Income

EGF

Enhanced Government Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
0.99 1.86 1.54 3.42 3.40
Market Price (%) Market price return represents changes to the fund’s closing market price on its primary exchange and accounts for distributions from the fund. 2.67 3.18 1.82 3.00 2.75
  YTD 1m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
3.57 -0.34 0.99 5.68 7.93 39.95 48.86
Market Price (%) Market price return represents changes to the fund’s closing market price on its primary exchange and accounts for distributions from the fund. 5.81 0.67 2.67 9.84 9.41 34.36 38.11
  2012 2013 2014 2015 2016
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund. 4.60 -1.06 3.65 -0.18 0.98
Market Price (%) Market price return represents changes to the fund’s closing market price on its primary exchange and accounts for distributions from the fund. 8.13 -5.98 7.08 0.10 0.54

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.


Returns are shown net of advisory fees paid by the fund and net of the fund’s operating fees and expenses. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. Past performance is not indicative of future results.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Net Assets as of Dec 15, 2017 $81,793,574
Managed Assets as of Dec 15, 2017 $98,274,824.29
Share Class launch date Oct 31, 2005
Exchange New York Stock Exchange Inc.
Asset Class Fixed Income
Morningstar Category Intermediate Government
Lipper Classification Corp Debt BBB Leveraged
CUSIP 09255K108
Management Fee 0.71%
Gross Expense Ratio 1.06%
Shares Outstanding as of Dec 15, 2017 5,845,662
Number of Holdings as of Nov 30, 2017 49
3m Avg Volume as of Nov 30, 2017 6,250.00

Portfolio Characteristics

Portfolio Characteristics

% Overwritten with Swaptions as of Nov 30, 2017 93.58

Ratings

Holdings

Holdings

as of Nov 30, 2017
Name Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 44.73
UNITED STATES TREASURY 42.36
FEDERAL FARM CREDIT BANKS FUNDING CORP 3.93
PPL CAPITAL FUNDING INC 2.05
GNMA_06-3-C 1.69
Name Weight (%)
FNMA_14-28-BD 1.27
SABR_05-OP2-M1 1.05
FHLMC_4480-ZX 0.75
SABR_05-OP1-M2 0.64
GNMA_11-52-NS 0.61

Exposure Breakdowns

Exposure Breakdowns

as of Nov 30, 2017

% of Market Value Based on Managed Assets

Type Fund
as of Nov 30, 2017

% of Market Value Based on Managed Assets

Type Fund
as of Nov 30, 2017

% of Market Value Based on Managed Assets

Type Fund
as of Nov 30, 2017

% of Market Value Based on Managed Assets

Type Fund
as of Nov 30, 2017

% of Market Value Based on Managed Assets

Type Fund
as of Nov 30, 2017

% of Market Value Based on Managed Assets

Type Fund
as of Nov 30, 2017

% of Market Value Based on Managed Assets

Type Fund
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Thomas Musmanno, CFA
Managing Director

  

Portfolio Manager

Literature

Literature