Performance
Performance
Growth of Hypothetical $10,000
Performance chart data not available for display.
Distributions
| Record Date | Ex-Date | Payable Date |
|---|
Premium/Discount
-
Returns
Performance data is not currently available
Performance data is not currently available
Performance data is not currently available
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, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Key Facts
Key Facts
Net Assets of Fund
as of Jun 01, 2023
$53,289,376
Fund Launch Date
Mar 16, 2021
Exchange
Cboe BZX formerly known as BATS
Asset Class
Fixed Income
Benchmark Index
BBG Muni 60% HY + 20% Muni BBB + 20% Muni IG ex BBB Custom
Secondary Benchmark
BBG Muni 60% HY + 20% Muni BBB + 20% Muni IG ex BBB Custom
Shares Outstanding
as of Jun 01, 2023
2,500,000
CUSIP
092528108
Closing Price
as of Jun 01, 2023
21.45
Portfolio Characteristics
Portfolio Characteristics
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.
Sustainability Characteristics
Sustainability Characteristics
To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.
ESG Integration
ESG Integration
ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.
Where applicable, the Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.
The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".
Ratings
Holdings
Holdings
as of May 31, 2023
| Issuer | Weight (%) |
|---|---|
| NEW YORK TRANSPORTATION DEVELOPMENT CORP | 5.07 |
| PUERTO RICO COMMONWEALTH OF (GOVERNMENT) | 4.92 |
| CHICAGO BOARD OF EDUCATION | 3.83 |
| PHOENIX ARIZ INDL DEV AUTH | 3.67 |
| BUCKEYE OHIO TOB SETTLEMENT | 3.12 |
| Issuer | Weight (%) |
|---|---|
| PUERTO RICO SALES TAX FINANCING CORP | 2.59 |
| ARKANSAS ST DEV FIN AUTH | 2.39 |
| FLORIDA DEVELOPMENT FINANCE CORP | 2.01 |
| BABCOCK RANCH CMNTY INDPT SPL DIST FLA | 2.00 |
| TOBACCO SETTLEMENT FING CORP N J | 1.95 |
| Name | Sector | Asset Class | Market Value | Weight (%) | Notional Value | Par Value | CUSIP | ISIN | SEDOL | Price | Location | Exchange | Currency | Duration | YTM (%) | FX Rate | Maturity | Coupon (%) | Mod. Duration | Yield to Call (%) | Yield to Worst (%) | Real Duration | Real YTM (%) | Market Currency | Accrual Date | Effective Date |
|---|
Holdings are subject to change.
The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.
Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.
The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.
Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.
Exposure Breakdowns
Exposure Breakdowns
Geographic exposure relates principally to the domicile of the issuers of the securities held in the product, added together and then expressed as a percentage of the product's total holdings, excluding currency holdings. Percentages do not reflect fair valuation. In some instances, percentages may reflect the location where the issuer of the securities carries out much of their business. Bonds are included in U.S. bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer.
as of May 31, 2023
% of Market Value
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.
Allocations are subject to change.
Portfolio Managers
Portfolio Managers
Literature
Literature
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