Moody's Quality Bond Rating¹
as of (03/31/2013)

Name Value
A 15.05%
Aa 11.53%
Aaa 33.71%
B 5.44%
Ba 7.05%
Baa 25.09%
Caa 1.09%
U.S. Treasuries 1.04%

Effective Maturity
as of (03/31/2013)

Name Value
0-1 Year 6.09%
1-3 Years 17.85%
3-5 Years 31.57%
5-10 Years 27.65%
10-20 Years 6.45%
20+ Years 10.39%
Average Life 7.75 Years
Effective Duration 4.82 Years

Portfolio Composition
as of (03/31/2013)

Composition Fund Index
Corporate 42.07% 21.71%
   Financial 18.29% 7.25%
   Industrial 22.43% 12.06%
   Utility 1.35% 2.4%
Government Related 7.28% 10.27%
   Agency 0% 6.2%
   Local Authority 7.28% 1.43%
   Sovereign 0% 1.16%
   Supranational 0% 1.48%
Securitized 46.81% 31.5%
   ABS 4.73% 0.35%
   ARM 0.61% 0.7%
   CMBS 18.5% 1.8%
   CMO 9.1% 0%
   MBS Passthrough 13.87% 28.63%
   Covered 0% 0.02%
Treasury 1.04% 36.52%
Cash 2.8% 0%
TOTAL 100% 100%

Top 10 Holdings
as of (03/31/2013)

Name Value Coupon Maturity Date
FNMA TBA 2.44% 2.50% 04/01/2028
Avis Budget Rent Car Fund Aesop, Ser 2012-3A, Cl A 1.49% 2.10% 03/20/2019
FNMA TBA 1.12% 3.50% 01/18/2038
WF-RBS Commercial Mortgage Trust, Ser 2011-C3, Cl A4 1.03% 4.38% 01/18/2038
WF-RBS Commercial Mortgage Trust, Ser 2011-C2, Cl B 1.01% 5.17% 01/18/2038
BoA Commercial Mortgage, Inc., Series 2006-3, Class A4 1.00% 5.89% 01/18/2038
FHLMC, Series 4077, Class Pj 1.00% 3.50% 01/18/2038
Citigroup/Deut Bank Com Mort Trst, Ser 2007-Cd4, Cl A4 1.00% 5.32% 01/18/2038
Wachovia Bank Comm Mort Trust, Ser 2006-C28, Cl A4 0.99% 5.57% 01/18/2038
Commercial Mortgage Pass Through Certificates, Series 2006-C7, Class A4 0.99% 5.75% 01/18/2038

¹ Quality ratings reflect the credit quality of the underlying bonds in the fund portfolio and not of the Fund itself. The percentages are based on a weighted average calculation. Not rated securities may be rated by S&P, Fitch or by Sterling Capital Management LLC. The Fund invests primarily in investment grade quality bonds at the time of purchase. Please see the prospectus for more details. Bond quality ratings are subject to change.