About FFBYX
First Foundation Fixed Income Fund Class Y is an open-end mutual fund focused on generating income and preserving capital through a diversified portfolio of debt securities. Its primary strategy is to invest at least 80% of its net assets in various investment-grade fixed income instruments, including corporate bonds, mortgage-backed securities, agency securities, and sovereign debt. The fund combines both top-down and bottom-up management approaches, employing yield curve positioning, sector allocation, and selective bond picking to identify securities that offer attractive yields and strong credit profiles.
The fund targets a weighted average maturity of five to ten years, with a modified duration in line with intermediate core-plus bond funds, offering exposure predominantly to domestic fixed income markets. Its portfolio typically holds more than 130 different issues, providing diversification across sectors such as agency mortgage-backed securities, commercial mortgage-backed securities, and preferred stock. The management team emphasizes prudent risk management, striving for consistent income within a framework mindful of credit quality and interest rate risk. Notably, the fund has a history of stable management tenure and a long-term track record dating back to its inception in 1993, and distributes income monthly to shareholders.
Fund Family First Foundation Advisors
Category Intermediate Core-Plus Bond
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FFBYX
Share Class Class Y
Index Bloomberg U.S. Aggregate Bond TR
FFBYX had a total return of 8.43% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.30%.
