Portfolio Composition
as of (09/30/2014)

Name Value
AGENCY 38.95%
U.S. TREASURIES 22.56%
MORTGAGE PASS-THRU 17.23%
CORPORATE BONDS 10.18%
COLLATERALIZED MORTGAGE OBLIGATIONS 8.34%
MUNICIPAL BONDS 2.52%
Cash & Equivalents 0.22%

Moody's Quality Bond Rating¹
as of (06/30/2014)

Name Value
A 7.95%
AA 3.72%
AAA 27.35%
Government 60.32%
Not Rated 0.66%

Effective Duration Breakdown
as of (06/30/2014)

Name Value
0-1 Year 25.8%
1-2 Years 1.4%
2-3 Years 20.2%
3-5 Years 35.5%
5-10 Years 2.1%
10+ Years 15.0%
Average Life 4.70 Years
Effective Duration 3.64 Years

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

Name Value Coupon Maturity Date
FFCB 10.15% 4.67% 02/27/2018
FHLMC, Pool #G14007 8.58% 3.50% 12/01/2025
FNMA 8.22% 6.25% 05/15/2029
FNMA 8.09% 7.13% 01/15/2030
U.S. Treasury Notes 6.08% 0.25% 11/30/2014
FHLB 6.08% 1.25% 01/17/2023
FNMA, Pool #FN0000 6.03% 3.58% 09/01/2020
U.S. Treasury Notes 5.44% 1.88% 09/30/2017
FNMA, Series 2010-129, Class NA 3.88% 3.50% 03/01/2025
U.S. Treasury Notes 3.20% 3.00% 02/28/2017

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.