Drake Low Duration Drake
660 Madison Avenue, 16th Floor New York NY 10021
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Phone: 866-372-5338
| Category: | Short-Term Bond | | Fund Family: | Drake Funds | | Net Assets: | 19.21M | | Year-to-Date Return: | 0.59% | | Yield: | 5.50% | | Morningstar Rating: |  | | Fund Inception Date: | 30-Dec-04 |
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Anthony Faillace
Lead Manager since
30-Dec-04 | | | Faillace co-founded Drake Management in May 2001. As chief investment officer, he heads the firms Investment Committee. He is also a portfolio manager specializing in global interest rate products and relative value strategies. Formerly, Faillace was a managing director and senior portfolio manager at BlackRock, Inc., in New York, which he joined as a director in December 1999 after spending five years at Pacific Investment Management Company. |
| Min Initial Investment: | $5,000,000 | | Min Initial Investment, IRA: | $0 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $50,000 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks total return exceeding that of the Merrill Lynch 1-3 Year Treasury index. The fund normally invests at least 65% of assets in a diversified portfolio of fixed-income securities of short and intermediate maturities. The duration of this portfolio varies from between plus or minus 1.67 years as compared to the benchmark. It may invest up to 30% of assets in securities denominated in foreign currencies, including emerging market foreign securities. The fund may invest up to 20% of assets in securities rated below investment grade ("junk bonds"). |
| Last Dividend
(29-Aug-08):
| 0.03 | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| 58.00% | | Average for Category:
| 105.63% |
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| Expense | DLDDX | Category
Avg | | Total Expense Ratio: | 0.43%
| 0.92% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 2.76% | | Max Deferred Sales Load: | 0.00%
| 2.14% | | 3 Yr Expense Projection*: |
$138 | $416 | | 5 Yr Expense Projection*: |
$241 | $660 | | 10 Yr Expense Projection*: |
$543 | $1,356 |
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1.49% Nasdaq 
0.27%
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