PULS

PULS is an actively managed bond fund that invests in USD-denominated debt securities. The fund seeks to maintain a weighted average duration of one year or less and a weighted average maturity of less than three years. Holdings can be issued by the US government, US-domiciled corporations, and foreign entities. The subadviser uses a combination of top-down economic analysis and bottom-up research in conjunction with proprietary quantitative models and risk management systems to manage the fund's assets.