Performance Management - TransWestern Institutional Short Duration Government Bond Fund
Apr. 21, 2026
The following bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns compare with those of a broad-based securities market index and supplemental indexes. Past performance does not necessarily indicate how a Fund will perform in the future. Updated performance information will be available at no cost by visiting www.TransWesternFunds.com or by calling (855) 881-2380.
| Best Quarter: | 4th Quarter 2023 | 3.70% |
| Worst Quarter: | 1st Quarter 2022 | (2.42)% |
| One Year |
Five Year |
Ten Years |
Since Inception | |
| Return before taxes | 5.82% | 1.51% | 1.70% | 1.61% |
| Return after taxes on distributions | 4.28% | 0.43% | 0.75% | 0.74% |
| Return after taxes on distributions and Sale of Fund Shares | 3.43% | 0.68% | 0.88% | 0.85% |
| Bloomberg Short Treasury Index(1) (reflects no deduction for fees, expenses or taxes) |
4.31% | 3.11% | 2.21% | 1.52% |
| Bloomberg Mortgage Backed Securities Index(2) (reflects no deduction for fees, expenses or taxes) |
8.58% | 0.15% | 1.59% | 2.05% |
| Blended Benchmark Index(3) | 6.44% | 1.68% | 1.93% | 1.81% |
| (1) | The Bloomberg Short Treasury Index measures the performance of United States Treasury Securities with a remaining maturity between 1 to 12 months. The index is unmanaged and its results do not reflect the effect of sales charges, commissions, account fees, expenses or taxes. Investors cannot invest directly in an index. Unlike the Fund’s returns, however, it does not reflect any fees or expenses. |
| (2) | The Bloomberg Mortgage Backed Securities Index is an unmanaged market capitalization index which measures the performance of investment grade fixed-rate mortgage-backed pass through securities of Government National Mortgage Association (“GNMA”), Federal National Mortgage Association (“FNMA”) and Federal Home Loan Mortgage Corp. (“FHLMC”). Investors may not invest in the Index directly. Unlike the Fund’s returns, however, it does not reflect any fees or expenses. |
| (3) | The Blended Benchmark Index represents a blend of the Bloomberg Short Treasury Index and the Bloomberg Mortgage Backed Securities Index. The components of the blended benchmark return are weighted monthly and annualized for periods greater than one year. The index is unmanaged and its results do not reflect the effect of sales charges, commissions, account fees, expenses or taxes. Investors cannot invest directly in an index. |
After-tax returns were calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold shares of the Fund through tax-deferred arrangements, such as 401(k) plans or Individual Retirement Accounts (IRAs).