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Real Return Fund - Institutional (RRNNX)

Real Return Fund - Institutional (RRNNX)
 ! This share class currently has a limited offering, please see prospectus for more details on the offering.
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Performance basics
  Annualized returns (as of 7/31/2015)
  1 Year 3 Year 5 Year Incept
at NAV -2.83% -1.91% 2.82% 3.12%
Barclays U.S. TIPS Index -1.56% -1.31% 3.30% 4.12%**
Lipper Inflation-Protected Bond Funds Index -2.47% -1.60% 2.77% 3.56%**
  Annualized returns
(as of 6/30/2015)
  1 Year 3 Year 5 Year Incept
at NAV -2.83% -1.37% 2.79% 3.14%
Barclays U.S. TIPS Index -1.73% -0.76% 3.29% 4.13%
Lipper Inflation-Protected Bond Funds Index -2.55% -1.04% 2.76% 3.59%
Annual operating expenses (%)
Expense cap expiration date 06/30/2016
Expense cap 0.50%
Total annual operating expenses --
Fee waivers and/or expense reimbursements --
Net expenses --

Fee waivers and/or expense reimbursements,Net Expenses
The Investment Advisor, Administrator and Distributor (the "Service Providers") have contractually agreed to waive fees and/or reimburse expenses to the extent that Total Annual Operating Expenses (excluding Acquired Fund Fees and Expenses, dividend expenses relating to short sales, interest, taxes, expenses related to litigation and potential litigation, extraordinary expenses and expenses related to the Board of Trustees' deferred compensation plan) exceed the expense cap of the average daily net assets through the expense cap expiration date. This contract continues through that date, at which time the Service Providers will determine whether or not to renew or revise it.

Ratings (as of 7/31/2015)
Morningstar overall rating: (198 funds)
Morningstar category: Inflation-Protected Bond

Overall rating Institutional Shares; Inflation-Protected Bond Category; 198 funds. Three year rating 3 stars; 198 funds. Five year rating 3 stars; 177 funds. 10 year period not yet rated.

2015, Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damage or losses arising from any use of this information. Past performance is not a guarantee of future results. For each fund with a three-year history, Morningstar calculates a Morningstar Rating™ metric each month by subtracting the return on a 90-day U.S. Treasury Bill from the fund's load-adjusted return for the same period, and then adjusting this excess return for risk. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Different share classes may have different ratings.

The ranking information is provided by Lipper Analytical Services. Past performance is no guarantee of future results. Rankings are calculated based upon the total returns of multiple share classes within their respective Lipper category. Different share classes may have different rankings.

Minimum investments
Minimum investments Minimum subsequent investments
Regular $3M Regular No Minimum.
IRA $3M IRA No Minimum.
Yields
  6/30/2015   7/31/2015
30-Day SEC Yield 2.01% 5.20%
30-Day SEC Yield (Unsubsidized) 1.88% 5.07%
Basics
Ticker RRNNX
CUSIP 4812A2488
Share Class Inception Date 09/01/2005
Fund Number 1997
Asset Class Taxable Fixed Income
Cut-off time1 4:00 P.M.