Transcription of Release Date Morley Stable Value Fund Cl 20-II
1 Morley Stable Value fund Cl 20-II Release CategoryStable ValueOverall Morningstar Rating Morningstar ReturnMorningstar RiskQQQA verageLowOut of 462 Short-Term Bond funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, isa weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for Objective & StrategyFrom investment's prospectusThe fund primarily consists of a diversified portfolio of Stable Value Investment Contracts (Investment Contracts) issued by life insurance companies, banks and other financial institutions, the performance of which may be predicated on underlying fixed income investments. The principal Value of these assets is designed to remain Stable regardless of stock and bond market fluctuations.
2 The fund is typically appropriate for investors who desire low volatility, Stable principal Value , and returns commensurate with a capital preservation objective for a component of their retirement savings. The fund is designed for long-term retirement AnalysisComposition as of 12-31-17% AssetsSynthetic Fixed Income Style Box as of 12-31-17 HighMedLowLtdModExtWhat do Stable Value Funds invest in? Stable Value funds tend to invest in high-quality bonds withshort- to intermediate-term maturities. They also purchaseinsurance contracts which aim to provide price stability on aday-to-day basis. The horizontal axis of the Morningstar FixedIncome Style Box shows duration, a measure of how thefunds price will change in response to interest-rate Stable Value funds insurance contracts usually preventany fluctuations in the funds prices, these funds are insulatedfrom interest-rate volatility and their duration is effectively Inception Date12-03-93 Total fund Assets ($mil)7, Manager(s)Perpetua M.
3 PhillipsManagement CompanyMorley Capital Management, AnalysisRisk: Below AverageIn the past, this investment has shown a relatively small rangeof price fluctuations relative to other investments. Based on thismeasure, currently more than two-thirds of all investmentshave shown higher levels of risk. Consequently, this investmentmay appeal to investors looking for a conservative investmentstrategy.
