Short Term Income

Strategy Description

The Short Term Income strategy seeks capital preservation, liquidity, and income in excess of money market funds.

The strategy typically invests in commercial paper, floating-rate and fixed-rate short-term corporate bonds, as well as AAA-rated asset-backed securities.

Assets Under Management

$1,525M

Inception

3/31/2014

Benchmark

ICE BofA 3-6 Mo U.S. Treasury Bill Index

Team

Erwin Keith head shot
Keith L. Erwin

Portfolio Manager

Peel Kelley head shot
Kelley K. Peel, CFA

Portfolio Manager

Rhoderick Sean head shot
Sean T. Rhoderick, CFA

Chief Investment Officer

Stevenson Richard head shot
Richard J. Stevenson

Portfolio Manager

Kailin Elise head shot
Elise Kailin, CFA

Assistant Portfolio Manager

Composite Investment Results

Short Term Income
Gross of Fees Return (%)
QTD 1.63
YTD 5.72
1 Year 5.72
3 Year* 2.36
5 Year* 2.28
Since Inception* 1.72
Short Term Income
Net of Fees Return (%)
QTD 1.59
YTD 5.56
1 Year 5.56
3 Year* 2.20
5 Year* 2.12
Since Inception* 1.56
ICE BofA 3-6 Mo U.S. Treasury Bill Index
Benchmark Return (%)
QTD 1.41
YTD 5.10
1 Year 5.10
3 Year* 2.16
5 Year* 1.95
Since Inception* 1.35

As of 12/31/23. Source: Advent Portfolio Exchange® (APX). Performance returns are presented gross and net of fees and include the reinvestment of all income. Gross of fee performance returns do not reflect the payment of investment advisory fees and other expenses related to your account. Actual returns will be reduced by the advisory fee specific to your account and other expenses that may be incurred in the management of the account. Please refer to our GIPS®-compliant presentation, which includes additional disclosures. Past performance is no guarantee of future results.

Short Term Income
Gross of Fees Return (%)
2023 5.72%
2022 1.26%
2021 0.17%
2020 1.42%
2019 2.90%
2018 2.13%
2017 1.38%
2016 1.09%
2015 0.51%
2014* 0.26%
Short Term Income
Net of Fees Return (%)
2023 5.56%
2022 1.11%
2021 0.02%
2020 1.27%
2019 2.75%
2018 1.98%
2017 1.23%
2016 0.94%
2015 0.36%
2014* 0.15%
ICE BofA 3-6 Mo U.S. Treasury Bill Index
Benchmark Return (%)
2023 5.10%
2022 1.37%
2021 0.06%
2020 0.87%
2019 2.44%
2018 1.93%
2017 0.85%
2016 0.46%
2015 0.12%
2014 0.06%

As of 12/31/22. Source: Advent Portfolio Exchange® (APX). Performance returns are presented gross and net of fees and include the reinvestment of all income. Gross of fee performance returns do not reflect the payment of investment advisory fees and other expenses related to your account. Actual returns will be reduced by the advisory fee specific to your account and other expenses that may be incurred in the management of the account. Please refer to our GIPS®-compliant presentation, which includes additional disclosures. Past performance is no guarantee of future results.

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