Strategy Attributes
- Invests in a portfolio composed mainly of short-term fixed income securities such as corporate bonds, mortgage-backed and asset-backed securities and obligations of the U.S. government and its agencies. The Fund tends to have an average duration within a range of 1 and 3 years, with a typical duration of between 1 and 2 years.
- Employs a disciplined, fundamental value approach to investing in bonds. Each investment decision carefully weighs potential risks to capital while seeking attractive yields.
- We seek to add value through strategic yield-curve positioning, thoughtful asset allocations, and a research-intensive approach to company and security selection.
- Our deep and experienced research team consists of 36 seasoned investment professionals, including portfolio managers, traders, credit analysts, and quantitative risk-management specialists.
Investment Objective
A high level of current income consistent with preservation of capital.
Style:
High Quality, Short Duration
Fund Facts
(Class A)| Inception | 7/30/03 |
| AUM (as of 12/31/11) | $1,222,608,062 |
| Ticker | RLDAX |
| CUSIP | 74972K666 |
| Minimum Investment | $2,500 |
| Minimum Investment in IRA | $1,000 |
| Minimum Subsequent Investment | $100 |
| Maximum Sales Load | 2.25% |
| Management Fees* | 0.45% |
| Distribution (12b-1) Fees* | 0.25% |
| Other Expenses* | 0.23% |
| Total Annual Fund Operating Expenses*1 | 0.93% |
| Fee Waiver/Expense Limitation*1 | -0.13% |
| Net Expenses*1 | 0.80% |
| * As reported in the May 1, 2011 Prospectus. | |
1 An expense limitation with respect to the Fund's Total Annual Fund Operating Expenses is imposed pursuant to a written agreement in effect through April 20, 2012. The effect of this limitation is reflected under the caption "Fee Waiver/Expense Limitation." "Net Expenses" reflect the effect of this expense limitation on Total Annual Fund Operating Expenses. This expense limitation will continue through April 30, 2012, at which time RS Investments will determine whether or not to renew or revise it.
Total Annual Fund Operating Expenses are based on amounts incurred during the Fund's most recent fiscal year, expressed as a percentage of average net assets during the fiscal year. The decline in the Fund's average net assets over the past year or more due to market volatility and other factors will cause the Fund's expense ratios for the Fund's current fiscal year to be higher than the expense information presented, but not to exceed the expense limitation shown.