Fund Performance

Inception Date: 1/31/2018

  Total Return to 10/31/2018 Total Return to Quarter End 9/30/2018 Inception to Month End 10/31/2018
  1 Month 1 Year Since Inception Total Return
Share Class I -0.09% n/a 1.95% 1.86%
ICE BofAML 0-3 Year US HY Index ex Financials -0.86% n/a 3.63% 2.74%
ICE BofAML 1-3 Year Corporate Bond Index 0.02% n/a 0.98% 1.01%
ICE BofAML 0-3 Year US Treasury Index 0.16% n/a 0.77% 0.94%
Definitions: The ICE BofAML 0-3 Year US Treasury Index is tracks the performance of US dollar denominated sovereign debt publicly issued by the US government in its domestic market with maturities less than three years.  The ICE BofAML 1-3 Year US Corporate Index is a subset of the ICE BofAML US Corporate Index including all securities with a remaining term to final maturity less than three years.  The ICE BofAML US Corporate Index tracks the performance of US dollar denominated investment grade corporate debt publicly issued in the US domestic market. The ICE BofAML 0-3 Year US High Yield Excluding Financials Index tracks the performance of short maturity US dollar denominated below investment grade rating (based on an average of Moody’s, S&P, and Fitch), at least 18 months to final maturity at the time of issuance, at least one month but less than three years remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and minimum amount outstanding of $250 million. 

The performance data quoted represents past performance. Past performance does not guarantee future results. All statistics are annualized except in the case of return performance where the length of performance history is less than 1 year.

The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 914-741-9600. For Share Class I, the gross expense ratio is 1.32% and the net expense ratio is 1.00%. For Share Class I, there is a 0.90% expense cap in place through January 8, 2020. Investment performance reflects contractual fee waivers in effect through January 8, 2020. In the absence of such fee waivers, total return would be reduced. The net expense ratio per the prospectus is the fee applicable to the investor.