Moody's Quality Bond Rating¹
as of (03/31/2014)

Name Value
A 28.82%
Aa 12.41%
Aaa 21.20%
B 2.16%
Ba 4.48%
Baa 30.69%
Caa 0.24%

Effective Maturity
as of (03/31/2014)

Name Value
0-1 Year 18.55%
1-2 Years 31.14%
2-3 Years 31.74%
3-4 Years 15.16%
4-5 Years 2.09%
5+ Years 1.12%
Average Life 2.22 Years
Effective Duration 1.83 Years

Portfolio Composition
as of (03/31/2014)

Composition Fund Index
Corporate 61.32% 21.15%
   Financial 35.33% 9.84%
   Industrial 20.71% 10.47%
   Utility 5.28% 0.84%
Government Related 4.2% 15.87%
   Agency 0% 10.22%
   Local Authority 3.7% 0.92%
   Sovereign 0.5% 1.46%
   Supranational 0% 3.27%
Securitized 32.17% 0%
   ABS 10.5% 0%
   CMO 2.05% 0%
   CMBS 19.56% 0%
   MBS Passthrough 0.06% 0%
Treasury 1.15% 62.99%
Cash 1.16% 0%
TOTAL 100% 100%

Top 10 Holdings
as of (06/30/2014)

Name Value Coupon Maturity Date
U.s. Treasury Notes 1.84% 07/17/2014
Citibank Omni Master Trust, Series 2009-a17, Class A17 1.55% 07/17/2014
Bank Of America Corp 1.23% 07/17/2014
Murray Street Investment Trust I 1.18% 07/17/2014
General Electric Capital Corp., Series Mtn 1.17% 07/17/2014
JPMorgan Chase Bank Na, Series Bknt 1.16% 07/17/2014
Santander Drive Auto Recs Trust, Ser 2012-3, Cl C 1.14% 07/17/2014
Citigroup, Inc. 1.13% 07/17/2014
Avis Budget Rental Car Fund Aesop, Ser 2012-1a, Cl A 1.13% 07/17/2014
Morgan Stanley 1.04% 07/17/2014

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.