Moody's Quality Bond Rating¹
as of (09/30/2014)

Name Value
A 17.7%
AA 11.30%
AAA 37.00%
B 3.20%
BB 6.70%
BBB 14.90%
Below B 0.20%
Government 7.90%
Not Rated 1.00%

Effective Maturity
as of (09/30/2014)

Name Value
0-1 Year 7.9%
1-2 Years 13.5%
2-3 Years 17.3%
3-5 Years 23%
5-10 Years 25.8%
10+ Years 12.4%
Average Life 7.72 Years
Effective Duration 5.08 Years

Portfolio Composition
as of (09/30/2014)

Composition Fund Index
Corporate 35.5% 23.3%
   Financial Institutions 17.3% 7.6%
   Industrial 16.9% 13.9%
   Utility 1.2% 1.8%
Government Related 12.6% 9.7%
   Agency 3% 5.2%
   Local Authority 8.5% 1.3%
   Sovereign 0.8% 1.5%
   Supranational 0% 1.6%
Securitized 46.8% 31.6%
   ABS 9.8% 0.5%
   ARM 0.1% 0.4%
   CMBS 17% 2.1%
   CMO 9.8% 0%
   Covered 0% 0%
   MBS Passthrough 10.1% 28.5%
Treasury 4.5% 35.4%
Cash & Equivalents 0.6% 0%
TOTAL 100% 100%

Top 10 Holdings
as of (09/30/2014)

Name Value Coupon Maturity Date
FHLB 2.54% 0.50% 09/28/2016
Avis Budget Rntl Car Fndg AESOP, LLC, Ser 2014-2A, Cl A 1.91% 2.50% 02/20/2021
U.S. Treasury Notes 1.79% 1.75% 05/31/2016
U.S. Treasury Notes 1.20% 0.88% 07/15/2017
Chase Issuance Trust, Series 2014-A2, Class A2 1.12% 2.77% 03/15/2023
U.S. Treasury Bonds 1.10% 3.13% 01/18/2038
FNMA, Pool #AB9368 1.09% 3.50% 01/18/2038
Morgan Stanley Capital I Trst, Series 2008-Top29, Cl A4 1.07% 6.45% 01/18/2038
Merrill Lynch Mortgage Trust, Series 2008-C1, Class A4 1.04% 5.69% 01/18/2038
Morgan Stanley Capital I Trst, Series 2007-IQ14, Cls A5 1.03% 5.70% 01/18/2038

Current and future portfolio holdings are subject to change and risk.

¹ Credit quality ratings using Moody's rating symbols reflect the credit quality of the underlying bonds in the fund portfolio and not of the Fund itself. Moody's assigns a range of ratings from Aaa being the highest quality to C being the lowest rated class of bonds. Securities not rated by Moody's may be rated by S&P, Fitch or if no agency rating is available, the Fund will assign a rating of not rated. Bond quality ratings are subject to change.