August 1 - November 9, 2012


The Xavier Student Bond Investment Fund commenced the Fall 2012 semester with a portfolio of assets over-allocated in intermediate-term, corporate bonds. This portfolio had a lowed duration and convexity than that of the benchmark BAS Merrill Lynch Index. With these characteristics and a declining interest rate environment, the fund outperformed the index by 37 basis points over the period of August 20 to November 9, 2012.