Short Duration Income Fund

Short Duration Income Fund

Inception Date: January 1, 2023

The Short Duration Income Fund is a diversified portfolio of high quality short-maturity government and corporate bonds, mortgages, and other fixed income instruments seeking reasonable current yields consistent with expected low volatility. The fund has a short weighted average duration (usually within 0.25 years of the Bloomberg 1-3 Year Government/Credit Index) and, other than mortgage “passthroughs,” will not own securities with maturities longer than five years. This defensive strategy is designed for investment of reserves and other low-risk funds that may need to be expended within one to three years, or to be used in combination with the Fixed Income Fund to shorten the average duration and reduce the volatility of a permanent fund.