| |
1 | |
6 | |
11 | |
15 | |
19 | |
23 | |
27 | |
32 | |
38 | |
43 | |
48 | |
53 | |
53 | |
63 | |
71 |
71 | |
74 | |
74 | |
75 | |
77 | |
77 | |
82 | |
85 | |
86 | |
86 | |
88 | |
88 | |
90 | |
90 | |
91 | |
92 | |
94 | |
116 | |
Back
cover |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
Institutional |
Management
Fees |
0.08% |
Other
Expenses |
0.17 |
Service
Fees |
0.10 |
Remainder
of Other Expenses |
0.07 |
Total
Annual Fund Operating Expenses |
0.25 |
Fee
Waivers and/or Expense Reimbursements
1 |
-0.04 |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements
1 |
0.21 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INSTITUTIONAL
SHARES ($) |
22 |
76 |
137 |
314 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
4Q,
2023 |
0.86% |
Worst
Quarter |
3Q
2020
1Q,
2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q
2022 |
The
Fund’s year-to-date total return |
through |
3/31/24 |
was |
0.76% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2023) | |||
|
Past |
Past |
Life
of Fund
since |
|
1
Year |
5
Years |
03/01/2018 |
INSTITUTIONAL
SHARES |
3.12
% |
1.17
% |
1.18
% |
For
Institutional Class Shares |
|
To
establish an account |
$10,000,000 |
To
add to an account |
No minimum
levels |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
Institutional |
Management
Fees |
0.08% |
Other
Expenses |
0.15 |
Service
Fees |
0.10 |
Remainder
of Other Expenses |
0.05 |
Total
Annual Fund Operating Expenses |
0.23 |
Fee
Waivers and/or Expense Reimbursements
1 |
-0.02 |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements
1 |
0.21 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INSTITUTIONAL
SHARES ($) |
22 |
72 |
127 |
291 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
4Q,
2023 |
1.41% |
Worst
Quarter |
1Q, 2Q
and 3Q 2014
4Q
2020
4Q
2021 |
0.00% |
|
1Q
2022 |
The
Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.30% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2023) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
INSTITUTIONAL
SHARES |
5.22
% |
1.95
% |
1.33
% |
For
Institutional Class Shares |
|
To
establish an account |
$10,000,000 |
To
add to an account |
No
minimum levels |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
Institutional |
Management
Fees |
0.08% |
Other
Expenses |
0.15 |
Service
Fees |
0.10 |
Remainder
of Other Expenses |
0.05 |
Total
Annual Fund Operating Expenses |
0.23 |
Fee
Waivers and/or Expense Reimbursements
1 |
-0.02 |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements
1 |
0.21 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INSTITUTIONAL
SHARES ($) |
22 |
72 |
127 |
291 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
4Q,
2023 |
1.32% |
Worst
Quarter |
1Q,
2Q, 3Q and 4Q 2014
1Q,
2Q, 3Q and 4Q 2015
4Q
2020
1Q,
2Q, 3Q and |
0.00% |
|
4Q
2021 |
The
Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.29% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2023) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
INSTITUTIONAL
SHARES |
4.92
% |
1.72
% |
1.11
% |
For
Institutional Class Shares |
|
To
establish an account |
$10,000,000 |
To
add to an account |
No
minimum levels |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
Institutional |
Management
Fees |
0.08% |
Other
Expenses |
0.16 |
Service
Fees |
0.10 |
Remainder
of Other Expenses |
0.06 |
Total
Annual Fund Operating Expenses |
0.24 |
Fee
Waivers and/or Expense Reimbursements
1 |
-0.03 |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements
1 |
0.21 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INSTITUTIONAL
SHARES ($) |
22 |
74 |
132 |
303 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
4Q,
2023 |
1.32% |
Worst
Quarter |
1Q, 2Q
and 3Q 2014
1Q,
2Q, 3Q and 4Q 2015
1Q,
2Q, 3Q and 4Q 2021 |
0.00% |
|
1Q
2022 |
The
Fund’s year-to-date total return |
through |
3/31/24 |
was |
1.29% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2023) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
INSTITUTIONAL
SHARES |
4.97
% |
1.75
% |
1.13
% |
For
Institutional Class Shares |
|
To
establish an account |
$10,000,000 |
To
add to an account |
No
minimum levels |
| |
|
Institutional |
Management
Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waivers and/or Expense Reimbursements
1 |
- |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements
1 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INSTITUTIONAL
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
INSTITUTIONAL
SHARES |
% |
% |
% |
For
Institutional Class Shares |
|
To
establish an account |
$10,000,000 |
To
add to an account |
No
minimum levels |
| |
|
Institutional |
Management
Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waivers and/or Expense Reimbursements
1 |
- |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements
1 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INSTITUTIONAL
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
INSTITUTIONAL
SHARES |
% |
% |
% |
For
Institutional Class Shares |
|
To
establish an account |
$10,000,000 |
To
add to an account |
No
minimum levels |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
Institutional |
Management
Fees |
0.08% |
Other
Expenses |
0.20 |
Service
Fees |
0.10 |
Remainder
of Other Expenses |
0.10 |
Total
Annual Fund Operating Expenses |
0.28 |
Fee
Waivers and/or Expense Reimbursements
1 |
-0.07 |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements
1 |
0.21 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INSTITUTIONAL
SHARES ($) |
22 |
83 |
150 |
349 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
4Q,
2023 |
0.78% |
Worst
Quarter |
1Q, 2Q
and 3Q 2014
1Q, 2Q
and 3Q 2015
1Q and
2Q 2016
2Q
and |
0.00% |
|
3Q
2021 |
The
Fund’s year-to-date total return |
through |
3/31/24 |
was |
0.76% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2023) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
INSTITUTIONAL
SHARES |
2.77
% |
1.06
% |
0.68
% |
For
Institutional Class Shares | |
To
establish an account |
$10,000,000 |
To
add to an account |
No
minimum levels |
| |
|
Institutional |
Management
Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waivers and/or Expense Reimbursements
1 |
- |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements
1 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INSTITUTIONAL
SHARES ($) |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
INSTITUTIONAL
SHARES |
% |
% |
% |
For
Institutional Class Shares | |
To
establish an account |
$10,000,000 |
To
add to an account |
No
minimum levels |
| |
|
Institutional |
Management
Fees |
|
Other
Expenses |
|
Service
Fees |
|
Remainder
of Other Expenses |
|
Total
Annual Fund Operating Expenses |
|
Fee
Waivers and/or Expense Reimbursements
1 |
- |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements
1 |
|
| ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INSTITUTIONAL
SHARES ($) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
INSTITUTIONAL
SHARES |
% |
% |
% |
For
Institutional Class Shares |
|
To
establish an account |
$10,000,000 |
To
add to an account |
No
minimum levels |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
Institutional |
Management
Fees |
0.08% |
Other
Expenses |
0.16 |
Service
Fees |
0.10 |
Remainder
of Other Expenses |
0.06 |
Total
Annual Fund Operating Expenses |
0.24 |
Fee
Waivers and/or Expense Reimbursements
1 |
-0.03 |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements
1 |
0.21 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INSTITUTIONAL
SHARES ($) |
22 |
74 |
132 |
303 |
YEAR-BY-YEAR
RETURNS |
Best
Quarter |
4Q,
2023 |
0.86% |
Worst
Quarter |
1Q,
2Q, 3Q and 4Q 2014
1Q, 2Q
and 3Q 2015
1Q and
2Q 2016
2Q
and |
0.00% |
|
3Q
2021 |
The
Fund’s year-to-date total return |
through |
3/31/24 |
was |
0.77% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2023) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
INSTITUTIONAL
SHARES |
3.14
% |
1.17
% |
0.74
% |
For
Institutional Class Shares | |
To
establish an account |
$10,000,000 |
To
add to an account |
No
minimum levels |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |
|
Institutional |
Management
Fees |
0.08% |
Other
Expenses |
0.15 |
Service
Fees |
0.10 |
Remainder
of Other Expenses |
0.05 |
Total
Annual Fund Operating Expenses |
0.23 |
Fee
Waivers and/or Expense Reimbursements
1 |
-0.02 |
Total
Annual Fund Operating Expenses after Fee
Waivers
and/or Expense Reimbursements
1 |
0.21 |
WHETHER
OR NOT YOU SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
INSTITUTIONAL
SHARES ($) |
22 |
72 |
127 |
291 |