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 June 30, 2020: $104M
Strategy AUM as of June 30, 2020: $111M
     

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 0.16%
Total Expense Ratio 0.58%
   
 
     

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
Head of Fixed Income

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.

 

 

Brian Schuster, CFA®
Senior Portfolio Manager

Brian Schuster serves as a Senior Portfolio Manager on the Fixed Income Team at Great Lakes Advisors where he is responsible for research across multiple sectors. He previously served as a Senior Portfolio Manager at Ziegler Capital Management where he helped lead the credit research effort for investment grade and high yield corporate names. He has held Senior Portfolio Manager and Risk Manager roles at ASNY Asset Management, Fort Sheridan Advisors, and Pine River Capital Management. He began his career as a credit analyst at Credit Agricole and Prudential. He has a BS in Science from DePaul University and earned his MBA with honors from the University of Chicago. Brian is also a CFA charterholder.

 

 

David Kopp
Portfolio Manager/Analyst

David Kopp is a Director – Portfolio Manager/Analyst in the Fixed Income group at Great Lakes Advisors. He joined the firm in 2015 and focuses on corporate credit analysis and portfolio management across multiple fixed income mandates. Prior to joining the firm, Mr. Kopp worked for Jackson National Life Insurance; first in Operations for Jackson National Asset Management and then as a Portfolio Analyst for the Investment Management division, PPM America. He managed the cash and holdings for the Portfolio Managers. He received a BS in Marketing from Marquette University and a MBA with a concentration in Finance and Economics from DePaul University. He is in the process of pursuing his CFA designation.

 

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CONSISTENCY, EXPERIENCE, AND A PROVEN PHILOSOPHY