2Q 2019 UltraShort Income Fund Investor Call Replay

Colin McBurnette
Senior Portfolio Manager

Clayton Triick, CFA®
Senior Portfolio Manager

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Basis Point (bps): One hundredth of one percent and is used to denote the percentage change in a financial instrument.

Cash Flow: Periodic coupons received by the bondholder during their holding period.

FOMC: Federal Open Market Committee.

Tranche: A portion of debt or structured financing. Each portion, or tranche, is one of several related securities offered at the same time but with different risks, rewards, and maturities.