McDonnell Intermediate Municipal Bond Fund
Data updated: 2022-05-24
C000121922 — McDonnell Intermediate Municipal Bond Fund. Intermediate Municipal - National Bond · $6.89M AUM. Holdings, fees, performance and SEC filings.
C000121922 Fund Overview
McDonnell Intermediate Municipal Bond Fund is a US mutual fund managed by Natixis Funds Trust II, categorised as Intermediate Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Natixis Funds Trust II
- Category: Intermediate Municipal - National Bond
- Assets under management: $6.89M
- 1-year return: -6.4%
- SEC CIK: 0000052136
- SEC series ID: S000039535
- Share class ID: C000121922
C000121922 Investment Objective and Strategy
McDonnell Intermediate Municipal Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Natixis Funds Trust II.
Investment objective
The Fund seeks a high level of federal tax-exempt current income, consistent with the preservation of capital.
Principal investment strategy
"Under normal market conditions, the Fund will invest at least 80% of its net assets (plus borrowings made for investment purposes) in municipal securities that pay interest exempt from federal income taxes. Municipal securities are debt instruments typically issued by or on behalf of state and local governments, territories or possessions of the United States, including the District of Columbia, and their political subdivisions, agencies and instrumentalities and may include general obligation, revenue and private activity bonds and notes. In addition, the Fund may invest up to 20% of its assets in securities that pay interest subject to federal income taxation. The Fund may invest up to 20% of its assets in debt securities subject to the federal alternative minimum tax. The Fund's investments may include securities issued by the U.S.
government, its agencies and instrumentalities and corporate debt securities. The Fund will invest primarily in investment grade fixed-income securities. ""Investment grade"" securities are those securities that are rated in one of the top four ratings categories at the time of purchase by at least one of the three major ratings agencies (Moody's Investors Service, Inc., Fitch Investors Services, Inc. or S&P Global Ratings), or, if unrated, are determined by McDonnell Investment Management, LLC (""McDonnell"" or the ""Subadviser"") to be of comparable quality. The Subadviser considers pre-refunded bonds and municipal securities escrowed to maturity using U.S. Treasury securities or U.S. government agency securities to be investment grade securities, regardless of rating. The Fund may also invest up to 10% of its assets in securities that are not investment grade (commonly known as ""junk bonds"").
Under normal circumstances, the dollar-weighted average maturity of the Fund's portfolio is expected to be between 3 and 10 years although the Fund may invest in securities of any maturity. The portfolio management team seeks to build a portfolio based on a number of factors including sector, duration and maturity distribution, yield, expected return, credit momentum outlook (sector and security level), credit quality, security structure, issue size and liquidity. Through the use of quantitative and fundamental analysis, the pool of possible portfolio investments is screened using these factors to arrive at a narrower universe of securities that the Subadviser believes are suitable for the Fund's portfolio. Potential investments are also subject to a portfolio risk assessment that may include the following: Determining the ability of creditors to fully repay debt obligations in a timely manner.
Use of a wide variety of internal and external quantitative and analytical and informational sources to assess likelihood of repayment. Monitoring rating agency and third party surveillance sources with an emphasis on core holdings. The Subadviser may sell a security for a variety of reasons, including duration management, yield curve positioning, sector rotation, a change in credit momentum outlook or if more attractive investment opportunities are identified. The Fund may also: Invest in when-issued securities and securities issued pursuant to Rule 144A under the Securities Act of 1933 (""Rule 144A securities""). Enter into futures transactions for hedging and investment purposes. Invest in other investment companies to the extent permitted by the Investment Company Act of 1940."
C000121922 Performance
Total returns for C000121922 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -6.4% |
| 3 years (annualised) | -0.9% |
C000121922 Risk Information
Risk metrics for C000121922, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.0%
C000121922 Costs and Fees
C000121922 costs about $71 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.71%
- Gross expense ratio: 1.43%
- Portfolio turnover: 41%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000121922 Cashflows
Over the 12 months to 2022-03, McDonnell Intermediate Municipal Bond Fund had net outflows of $29.66M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | −$8.28M |
| 2022-02 | −$18.79M |
| 2022-01 | −$3.89M |
| 2021-12 | −$632.43K |
| 2021-11 | −$47.07K |
| 2021-10 | $475.55K |
C000121922 Debt Constituents
No individual debt constituents are reported in McDonnell Intermediate Municipal Bond Fund's latest SEC N-PORT filing.
C000121922 Prospectus and SEC Filings
Official McDonnell Intermediate Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-21
- Prospectus (485BPOS) — filed 2019-05-20
- Prospectus supplement (497) — filed 2021-05-05
- Portfolio holdings (N-PORT) — filed 2022-05-24
- Portfolio holdings (N-PORT) — filed 2022-03-01
- Portfolio holdings (N-PORT) — filed 2021-11-29
- Annual census (N-CEN) — filed 2022-03-16
- Annual census (N-CEN) — filed 2021-03-16
Related Funds
Other Intermediate Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.