Great Lakes Bond Institutional
Name
As of 07/23/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.3%
1 yr return
1.3%
3 Yr Avg Return
3.5%
5 Yr Avg Return
2.1%
Net Assets
$83.1 M
Holdings in Top 10
54.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 110.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 07/23/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GLBNX - Profile
Distributions
- YTD Total Return -0.3%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 2.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.65%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGreat Lakes Bond Fund
-
Fund Family NameGreat Lakes Funds
-
Inception DateSep 28, 2012
-
Shares Outstanding8321034
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPatrick Morrissey
Fund Description
GLBNX - Performance
Return Ranking - Trailing
Period | GLBNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.3% | -83.5% | 1377.9% | 13.59% |
1 Yr | 1.3% | -9.0% | 21.3% | 60.63% |
3 Yr | 3.5%* | 0.2% | 10.6% | 96.85% |
5 Yr | 2.1%* | 0.8% | 7.7% | 96.22% |
10 Yr | N/A* | 1.1% | 8.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | GLBNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.4% | -82.5% | 1027.9% | 90.07% |
2022 | 3.9% | -20.8% | 23.0% | 82.41% |
2021 | -3.3% | -12.9% | 2.7% | 51.98% |
2020 | 1.5% | -49.5% | 14.3% | 36.28% |
2019 | 1.8% | -49.3% | 192.8% | 13.26% |
Total Return Ranking - Trailing
Period | GLBNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.3% | -83.5% | 1377.3% | 13.68% |
1 Yr | 1.3% | -11.8% | 21.3% | 49.53% |
3 Yr | 3.5%* | -0.8% | 10.6% | 92.68% |
5 Yr | 2.1%* | 0.6% | 7.7% | 93.24% |
10 Yr | N/A* | 1.1% | 8.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | GLBNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.4% | -82.5% | 1027.9% | 90.07% |
2022 | 3.9% | -20.8% | 23.0% | 82.60% |
2021 | -3.3% | -12.9% | 3.9% | 58.20% |
2020 | 1.5% | -6.0% | 17.4% | 48.68% |
2019 | 1.8% | -7.0% | 204.3% | 34.85% |
NAV & Total Return History
GLBNX - Holdings
Concentration Analysis
GLBNX | Category Low | Category High | GLBNX % Rank | |
---|---|---|---|---|
Net Assets | 83.1 M | 3.2 M | 312 B | 91.04% |
Number of Holdings | 51 | 1 | 18622 | 94.76% |
Net Assets in Top 10 | 47 M | -1.14 B | 45.3 B | 78.50% |
Weighting of Top 10 | 54.81% | 3.5% | 100.0% | 13.89% |
Top 10 Holdings
- iShares iBoxx $ High Yield Corp Bd ETF 9.46%
- iShares MBS ETF 7.72%
- iShares 1-5 Year invmt Grd Corp Bd ETF 7.69%
- iShares Floating Rate Bond ETF 6.52%
- iShares Core US Aggregate Bond ETF 5.69%
- United States Treasury Notes 2% 5.43%
- United States Treasury Bonds 1.13% 5.42%
- United States Treasury Notes 0.63% 5.21%
- Ford Motor Credit Company Llc 5.75% 4.61%
- United States Treasury Notes 2% 4.21%
Asset Allocation
Weighting | Return Low | Return High | GLBNX % Rank | |
---|---|---|---|---|
Bonds | 90.83% | -51.48% | 176.88% | 73.17% |
Cash | 6.99% | -86.81% | 162.71% | 27.37% |
Convertible Bonds | 2.17% | 0.00% | 38.29% | 21.32% |
Stocks | 0.00% | -0.16% | 30.64% | 49.59% |
Preferred Stocks | 0.00% | 0.00% | 84.24% | 56.19% |
Other | 0.00% | -16.32% | 24.37% | 35.77% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GLBNX % Rank | |
---|---|---|---|---|
Corporate | 62.34% | 0.00% | 100.00% | 2.53% |
Securitized | 15.32% | 0.00% | 98.86% | 83.83% |
Government | 12.09% | 0.00% | 80.07% | 78.68% |
Cash & Equivalents | 9.03% | 0.00% | 100.00% | 29.99% |
Municipal | 1.22% | 0.00% | 100.00% | 24.75% |
Derivative | 0.00% | 0.00% | 25.69% | 54.20% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GLBNX % Rank | |
---|---|---|---|---|
US | 82.84% | -51.75% | 245.19% | 53.12% |
Non US | 7.99% | -108.35% | 39.51% | 57.18% |
GLBNX - Expenses
Operational Fees
GLBNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.60% | 0.01% | 2.91% | 48.47% |
Management Fee | 0.40% | 0.00% | 0.85% | 61.65% |
12b-1 Fee | N/A | 0.00% | 1.00% | 5.11% |
Administrative Fee | N/A | 0.01% | 0.50% | 58.62% |
Sales Fees
GLBNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
GLBNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
GLBNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 110.00% | 6.00% | 496.00% | 47.25% |
GLBNX - Distributions
Dividend Yield Analysis
GLBNX | Category Low | Category High | GLBNX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.37% | 34.45% |
Dividend Distribution Analysis
GLBNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
GLBNX | Category Low | Category High | GLBNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.65% | -0.39% | 11.28% | 76.29% |
Capital Gain Distribution Analysis
GLBNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Oct 31, 2017 | $0.019 | |
Sep 29, 2017 | $0.018 | |
Aug 31, 2017 | $0.018 | |
Jul 31, 2017 | $0.018 | |
Jun 30, 2017 | $0.017 | |
May 31, 2017 | $0.018 | |
Apr 28, 2017 | $0.018 | |
Mar 31, 2017 | $0.018 | |
Feb 28, 2017 | $0.016 | |
Jan 31, 2017 | $0.017 | |
Dec 30, 2016 | $0.017 | |
Nov 30, 2016 | $0.018 | |
Oct 30, 2016 | $0.019 | |
Sep 30, 2016 | $0.019 | |
Aug 31, 2016 | $0.019 | |
Jul 29, 2016 | $0.018 | |
Jun 30, 2016 | $0.020 | |
May 31, 2016 | $0.019 | |
Apr 29, 2016 | $0.020 | |
Mar 31, 2016 | $0.016 | |
Feb 29, 2016 | $0.016 | |
Jan 29, 2016 | $0.017 | |
Nov 30, 2015 | $0.019 | |
Oct 30, 2015 | $0.020 | |
Sep 30, 2015 | $0.020 | |
Aug 31, 2015 | $0.020 | |
Jul 31, 2015 | $0.023 | |
Jun 30, 2015 | $0.023 | |
May 29, 2015 | $0.024 | |
Apr 30, 2015 | $0.024 | |
Mar 31, 2015 | $0.025 | |
Feb 27, 2015 | $0.022 | |
Jan 30, 2015 | $0.023 | |
Dec 19, 2014 | $0.006 | |
Nov 28, 2014 | $0.023 | |
Oct 31, 2014 | $0.023 | |
Sep 30, 2014 | $0.023 | |
Aug 29, 2014 | $0.023 | |
Jul 31, 2014 | $0.022 | |
Jun 30, 2014 | $0.027 | |
May 30, 2014 | $0.022 | |
Apr 30, 2014 | $0.022 | |
Mar 31, 2014 | $0.021 | |
Feb 28, 2014 | $0.020 | |
Jan 31, 2014 | $0.021 | |
Dec 20, 2013 | $0.000 |
GLBNX - Fund Manager Analysis
Managers
Patrick Morrissey
Start Date
Tenure
Tenure Rank
Sep 28, 2012
8.76
8.8%
Patrick M. Morrissey is the Head of Fixed Income, a Managing Director and Senior Portfolio Manager whose industry career began in 1985 and includes decades of experience in managing tax-exempt mutual funds. Prior to joining Great Lakes, Patrick served as Managing Director of Tax-Free Investments at Bank One Investment Advisors Corp., now JPMorgan Asset Management. There, he managed 11 tax-exempt mutual funds with $15 billion under management. Most recently, Patrick acted as Managing Director and Head of Tax-Exempt Investments at FSI Capital where he developed, marketed, and managed tax-exempt alternative investment strategies. Patrick holds a BS in Finance from the University of Wisconsin-Oshkosh and is a member of the Chicago Municipal Analysts’ Society. He also holds a FINRA Series 65 License and is one of the Managers of the Great Lakes Bond Fund.
Richard Rokus
Start Date
Tenure
Tenure Rank
Sep 28, 2012
8.76
8.8%
Richard Rokus joined Great Lakes Advisors as a Senior Portfolio Manager in 2011. With 25 years of portfolio management experience, he is responsible for the management of fixed income portfolios for municipalities, corporations, foundations and other institutional clients. He manages portfolios across all types of maturities, durations and fixed income strategies. He also leads the firm’s efforts in the analysis of residential mortgage, commercial mortgage and high yield securities. Rich began his industry career in 1992. Prior to joining the firm, Rich spent 17 years at M&I Investment Management Corporation and was responsible for managing over $18 billion in taxable mutual funds, limited partnerships, and separate accounts. As a member of the Fixed Income Policy Committee, Rich had oversight responsibility for all fixed income products managed by the firm. He was also managed the securities lending trading team. As a Portfolio Manager of the Marshall Prime Money Market Fund, he received the IBC Money Fund Report award for the highest yielding taxable money market fund in 1998, as well as the Crane Data and IMoney.net awards for the highest yielding AAA-rated taxable institutional money market fund in 2009. Rich received his MBA from the University of Notre Dame as well as 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
Start Date
Tenure
Tenure Rank
Apr 30, 2016
5.17
5.2%
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. Nancy has over 30 years of fixed income research and portfolio management experience. Nancy came to Great Lakes Advisors from Ziegler Capital Management where she managed $2 billion of assets in separate account taxable strategies – allocated among corporates, agencies, ABS, 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. Nancy earned a BS in Business Administration from Valparaiso University and resides in Chicago. Nancy is very active in Chicago’s theater community and currently serves as Board President of Bailiwick Chicago.
David Kopp
Start Date
Tenure
Tenure Rank
Jul 29, 2018
2.92
2.9%
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, while improving many of the reporting processes for various departments throughout the firm. 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.
Brian Schuster
Start Date
Tenure
Tenure Rank
Jul 29, 2019
1.92
1.9%
Mr. Schuster is a Senior Portfolio Manager at the Great Lakes Advisors and has served in that capacity since joining the Adviser in 2018. Mr. Schuster joined Ziegler Capital Management, LLC in February 2015. Previously he was a Portfolio Manager with ASNY Asset Management and with Fort Sheridan Advisors. He also spent five years with Pine River Capital Management as a Risk Manager where he focused on the automation of risk systems and modeling.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 32.51 | 6.76 | 0.25 |