Bond Fund

CONSISTENCY, EXPERIENCE, AND A PROVEN PHILOSOPHY

FUND BASICS

Benchmark: Barclays Aggregate Bond Index
Inception Date: September 28, 2012

Institutional: GLBNX (cusip: 56166Y750)
     
Fund AUM as of 9/30/2017: $125.6M
Strategy AUM as of 9/30/2017: $125.6M
     

Investment Minimums

Institutional Class Initial Subsequent
Regular Account $1,000 $500
Retirement Account $500 $200
     

Fees and Expenses

  GLBNX
Management Fee 0.40%
12b-1 Distribution Fee 0.00%
Other Expenses 0.33%
Total Expense Ratio 0.68%
Net Expense Ratio 0.63%
The Advisor has contractually agreed to waive fees through July 28, 2018.
     

Additional Information

The Bond Fund seeks to generate total return with an emphasis on current income.

DISTINGUISHING CHARACTERISTICS

  • Fund investments include fixed and floating rate corporate bonds, asset-backed and mortgage-backed securities
  • Investment process is team driven to provide research, analysis and portfolio implementation

INVESTMENT PROCESS

The Adviser utilizes a top down process to allocate assets among the various fixed income sectors. The methodology looks primarily at the risk/return outlook in developing a strategy for overweighting attractive sectors while underweighting more expensive ones.

The Fund utilizes an actively managed, “bottom up” strategy that emphasizes adding value by actively managing issues, sectors, credit quality and yield curve positions. The Adviser places a great deal of emphasis on the identification of structural features that should perform best in the current market environment and possible future environments. Although creditworthiness is of fundamental importance, especially in the corporate sector, the Adviser may invest up to 30% of the Fund’s total assets in high yield debt.

PORTFOLIO MANAGEMENT

Patrick Morrissey
Senior Portfolio Manager

Mr. Morrissey is Senior Portfolio Manager at the Adviser and has served in that capacity since joining the Adviser in 2009. Prior to joining the Adviser, he was employed, from 2007-2009 as Managing Director and Head of Tax-Exempt Investments at FSI Capital where he developed, marketed, and managed tax-exempt alternative investment strategies. From 1984-2007, Mr. Morrissey served in several capacities at Bank One Investment Advisors Corp., now JPMorgan Fleming Asset Management, including Managing Director of Tax-Free Investments where he managed 11 Tax-Exempt Mutual Funds with $15 billion under management. Mr. Morrissey holds a BS in Finance from the University of Wisconsin-Oshkosh and is a member of the Chicago Municipal Analysts’ Society.

 

Richard M. Rokus, CFA
Senior Portfolio Manager

Mr. Rokus is a Senior Portfolio Manager at the Adviser and has served in that capacity since joining the Adviser in 2011. Mr. Rokus is responsible for the management of all taxable short-duration fixed income portfolios. From 1994 to 2011, Mr. Rokus was employed in several roles at M&I Investment Management Corp, where he was responsible for managing over $18 billion in taxable mutual funds, limited partnerships and separate accounts. In addition to his portfolio management duties, as a member of the Fixed Income Policy Committee, Mr. Rokus participated in the oversight of all fixed income products managed by the firm. He also managed the securities lending trading desk. Mr. Rokus received a BBA in Finance from the University of Wisconsin at Whitewater. He is a Chartered Financial Analyst (CFA) and a member of the CFA Society of Milwaukee.

 

 

Nancy Studenroth
Senior Portfolio Manager

Nancy Studenroth joined Great Lakes Advisors as a Senior Portfolio Manager in 2016. She is responsible for research across multiple Fixed Income Sectors and serves as senior member of our fixed income team. Prior to joining Great Lakes Advisors, she managed $2 billion of assets at Ziegler Capital Management in separate account taxable strategies allocated among corporates, agencies, asset-backed securities (ABS), commercial-mortgage backed securities (CMBS), and treasuries. Previously, she worked at Deerfield Capital Management as senior portfolio manager of investment grade structured products, including ABS and CMBS, where she managed approximately $4 billion in AUM. Before joining Deerfield Capital, Nancy served as a Director and senior sector manager for ABS and CMBS at Deutsche Asset Management, where she was responsible for managing over $10 billion in assets. She began her career working in institutional fixed income sales at Smith Barney.

 

 

Slogan: 
CONSISTENCY, EXPERIENCE, AND A PROVEN PHILOSOPHY