Limited-Term Federal Mortgage Securities
Fund Resources
- Fact Sheet (PDF | 1 MB)
- Commentary (PDF | 142 KB)
- Prospectus - A, C & I Shares(PDF | 817 KB)
- Annual Report (PDF | 2 MB)
- Semi-annual Report (PDF | 1 MB)
- SAI (PDF | 2 MB)
| Class | CUSIP | Ticker |
|---|---|---|
| A | 76628T769 | SLTMX |
| C | 76628T751 | SCLFX |
| I | 76628T777 | SLMTX |
Subadvisor
Objective
The Fund seeks to provide a high level of current income consistent with preservation of capital by investing primarily in obligations issued or guaranteed (as to the timely payment of principal and interest) by the U.S. Government or its instrumentalities and agencies.
Suitability
The Fund is suitable for investors seeking potentially higher yields relative to shorter-term mortgage-backed securities funds, and less share-price volatility than longer-term bond funds. Additionally, the Fund may be attractive for investors seeking the high credit quality afforded by government securities.
Investment Risks
This Fund carries lower reward potential and, correspondingly, has lower risk tied to it than more aggressive investments.
Because the Real Estate Fund invests in a single industry, its shares do not represent a complete investment program. As a non-diversified and single industry fund, the value of the shares may fluctuate more than shares invested in a broader range of industries and companies. Investment in real estate involves risks, including overbuilding, vacancies, and property tax and operating expense increases. Bond Funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.