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Calendar Year Returns1 (%)
Statistics
Portfolio Characteristics
As of
30 Jun 2022
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Portfolio
Portfolio Guidelines
The portfolio generally invests in a diversified portfolio of investment grade, fixed income securities. A significant portion of the portfolio may invest in securitized bond
investments and will typically maintain an average portfolio duration of less than three.
Sector Allocation2 (%) As of
30 Jun 2022
Bloomberg US 1-3 Yr. Gov./Credit Index
Duration Breakdown (%)As of
30 Jun 2022
|
Short Duration Investment Grade Composite |
Bloomberg US 1-3 Yr. Gov./Credit Index |
| Less than one |
34.8 |
4.4 |
| 1-3 |
45.0 |
95.6 |
| 3-5 |
17.2 |
0.0 |
| 5-7 |
1.8 |
0.0 |
| 7-10 |
0.9 |
0.0 |
| 10-20 |
0.1 |
0.0 |
| 20+ |
0.2 |
0.0 |
Credit Quality Rating3 (%) As of
30 Jun 2022
| AAA |
37.4 |
| AA |
7.9 |
| A |
19.7 |
| BBB |
25.8 |
| BB |
0.0 |
| B |
0.0 |
| CCC & Below |
0.0 |
| Not Rated |
9.2 |
Key Rate Duration (%) As of
30 Jun 2022
|
Short Duration Investment Grade Composite |
Bloomberg US 1-3 Yr. Gov./Credit Index |
| 1Y |
0.15 |
0.36 |
| 2Y |
0.51 |
0.91 |
| 3Y |
0.47 |
0.59 |
| 5Y |
0.37 |
0.00 |
| 10Y |
0.19 |
0.00 |
| 20Y |
0.05 |
0.00 |
| 30Y |
0.00 |
0.00 |
Disclosure
1 2021 returns represent the time period 30 Nov 2021 - 31 Dec 2021.
2 Residential Mortgage-Backed Securities/Commercial Mortgage-Backed Securities. Cash & Other may include cash, money market funds and short duration fixed income funds.
3 Security quality ratings are derived from underlying portfolio securities by using the middle rating of Standard & Poor’s, Moody’s, and Fitch. If only two of Standard & Poor’s, Moody’s, and Fitch rates a security the higher of the two is selected. If only one of Standard & Poor’s, Moody’s, and Fitch rates a security the available rating is used. For securities that are not rated by Standard & Poor’s, Moody’s, or Fitch a rating from a secondary Nationally Recognized Statistical Rating Organization (“NRSRO”) may be used. Ratings by any agency represent an opinion only, not a recommendation to buy or sell. Securities that are not rated by any agencies are reflected as Not Rated “NR.”
Index data source: Bloomberg Index Services Limited. See diamond-hill.com/disclosures for a full copy of the disclaimer.
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