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

Name Value
A 30.77%
AA 8.62%
AAA 26.25%
B 0.72%
BB 6.38%
BBB 23.91%
Government 1.83%
Not Rated 1.52%

Effective Maturity
as of (06/30/2014)

Name Value
0-1 Year 22.4%
1-2 Years 31.0%
2-3 Years 40.6%
3-5 Years 5.7%
5-10 Years 0.4%
Average Life 2.03 Years
Effective Duration 1.79 Years

Portfolio Composition
as of (06/30/2014)

Composition Fund Index
Corporate 63.3% 21.4%
   Financial Institutions 35.7% 10.4%
   Industrial 22.6% 9.8%
   Utility 5% 1.2%
Government Related 2.9% 16.2%
   Agency 0% 10.5%
   Local Authority 2.5% 0.8%
   Sovereign 0.5% 1.5%
   Supranational 0% 3.5%
Securitized 30% 0%
   ABS 10.2% 0%
   CMBS 18.2% 0%
   CMO 1.6% 0%
   MBS Passthrough 0.1% 0%
Treasury 1.8% 62.4%
Cash & Equivalents 1.9% 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.