In credit, security selection modestly contributed while the sector-level overweight modestly detracted from performance during the quarter.
In agency mortgages, the sector overweight and security selection within pass-throughs, collateralized mortgage obligations (CMOs), and hybrid adjustable-rate mortgages (ARMs) have contributed to performance this quarter.
Structured products contributed, on a small scale, to performance during the quarter. In January and February, our positioning and activity resulted in positive attribution.
takasuu/iStock via Getty Images
General Fund Information
Ticker: MBFIX
Portfolio managers:
Maulik Bhansali, CFA®; and Jarad Vasquez
Subadvisor: Allspring Global Investments, LLC
Category: Intermediate core bond
Fund Strategy
Focuses on bottom-up security selection in a universe of high-quality, liquid bonds
