The Weitz Core Plus Income Fund (WCPNX) , which Carney co-manages with Nolan Anderson, received five stars and a bronze rating from Morningstar.
Aggregate Bond Index]," Carney said.
Enter, asset-backed securities.
Asset-backed securities (ABS) follow in second place, making up 27.6% of the portfolio.
As a result, participating in the asset-backed securities space requires a granular level of due diligence.
Persons:
Tom Carney, Weitz, Carney, Nolan Anderson, Morningstar, WCPNX, There's, that's, Fannie Mae, Freddie Mac
Organizations:
Morningstar, Bloomberg Barclays U.S, Universal Bond, SEC, Bloomberg U.S, Aggregate Bond, Federal Reserve Bank of New, BBB, U.S, Fed
Locations:
Federal Reserve Bank of New York