Portfolio Composition
as of (03/31/2013)

Name Value
U.S. TREASURIES 34.18%
AGENCY 24.10%
MORTGAGE PASS-THRU 18.94%
COLLATERALIZED MORTGAGE OBLIGATIONS 8.55%
MUNICIPAL BONDS 7.28%
CORPORATE BONDS 5.36%
Cash & Equivalents 1.59%

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

Name Value
A 4%
Aa 5%
Aaa 89%
Baa 2%
N/A 0%

Effective Duration Breakdown
as of (03/31/2013)

Name Value
0-1 Year 6%
1-3 Years 36%
3-4 Years 9%
4-6 Years 31%
6-8 Years 7%
8+ Years 11%
Average Life 4.52 Years
Effective Duration 4.02 Years

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

Name Value Coupon Maturity Date
FFCB 7.58% 4.67% 02/27/2018
U.S. Treasury Notes 6.47% 0.63% 07/15/2014
FHLMC 5.91% 3.75% 03/27/2019
U.S.Treasury Notes 5.62% 2.63% 04/30/2018
FHLMC, Pool #G14007 5.02% 3.50% 12/01/2025
U.S. Treasury Notes 3.81% 1.63% 08/15/2022
FNMA 3.66% 6.25% 05/15/2029
U.S. Treasury Bonds 3.65% 6.25% 08/15/2023
FNMA, Pool #946238 3.35% 5.50% 08/01/2037
U.S. Treasury Notes 3.24% 1.13% 05/31/2019

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.