While each fund has specific objectives, they all share a single goal— to maximize their individual position on the efficient frontier.
API Short Term Bond Fund
The Short-Term Bond Fund is a short- duration bond portfolio that focuses on preserving capital while generating consistent monthly income.
The fund can invest globally and in all market capitalizations. As a result, API is able to seek the best opportunities for above average yield with less sensitivity to interest rate risk and credit risk.
The fund is generally appropriate for conservative, income-oriented investors who want to generate above-average income while limiting credit and interest rate risk.SHORT TERM BOND FUND
"We employ a fixed income approach using three primary characteristics: broad diversification, attractive yield spreads and potential upgrades in quality ratings. Analysis of sector spreads, business cycles and debt distribution helps us uncover attractive individual issues and markets with above average yields from around the world."
David D. Basten
A Fund's direct or indirect investments in foreign securities, including depositary receipts, involve risks not associated with investing in U.S. securities that can adversely affect the Fund's performance. Foreign markets, particularly emerging markets, may be less liquid, more volatile and subject to less government supervision than domestic markets.