Ultra Short

Strategy Description

The Ultra Short Duration strategy seeks income stability, capital preservation, and liquidity, with a goal of delivering competitive risk-adjusted returns versus the benchmark.

The strategy typically invests in investment-grade corporate bonds, commercial paper, AAA-rated asset-backed securities, and U.S. Treasury bonds.

Assets Under Management

$704M

Inception

12/31/2002

Benchmark

ICE BofA 1-Year U.S. Treasury Index

Team

Lozina Mark head shot
Mark A. Lozina, CFA

Senior Portfolio Manager

Mears Richard head shot
Richard P. Mears, CFA

Senior Portfolio Manager

Rhoderick Sean head shot
Sean T. Rhoderick, CFA

Chief Investment Officer

Composite Investment Results

Ultra Short
Gross of Fees Return (%)
QTD 1.99
YTD 5.25
1 Year 5.25
3 Year* 1.58
5 Year* 2.11
Since Inception* 2.07
Ultra Short
Net of Fees Return (%)
QTD 1.94
YTD 5.04
1 Year 5.04
3 Year* 1.38
5 Year* 1.91
Since Inception* 1.87
ICE BofA 1-Year U.S. Treasury Index
Benchmark Return (%)
QTD 1.79
YTD 4.74
1 Year 4.74
3 Year* 1.18
5 Year* 1.66
Since Inception* 1.61

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.

Ultra Short
Gross of Fees Return (%)
2023 5.25%
2022 -0.45%
2021 0.04%
2020 2.40%
2019 3.42%
2018 1.96%
2017 1.15%
2016 1.14%
2015 0.50%
2014 0.38%
2013 0.56%
Ultra Short
Net of Fees Return (%)
2023 5.04%
2022 -0.65%
2021 -0.16%
2020 2.20%
2019 3.21%
2018 1.76%
2017 0.94%
2016 0.93%
2015 0.30%
2014 0.18%
2013 0.36%
ICE BofA 1-Year U.S. Treasury Index
Benchmark Return (%)
2023 4.74%
2022 -1.02%
2021 -0.07%
2020 1.82%
2019 2.93%
2018 1.86%
2017 0.57%
2016 0.76%
2015 0.15%
2014 0.18%
2013 1.82%

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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