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 22.6%
1-2 Years 29.2%
2-3 Years 44.0%
3-5 Years 3.7%
5-10 Years 0.4%
Average Life 2.01 Years
Effective Duration 1.78 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 (09/30/2014)

Name Value Coupon Maturity Date
Avis Budget Rntl Car Fndg AESOP, LLC, Ser 2012-3A, Cl A 1.35% 2.10% 03/20/2019
Bank of America Corp. 1.20% 5.75% 12/01/2017
Murray Street Investment Trust I 1.15% 4.65% 03/09/2017
General Electric Capital Corp. 1.14% 5.63% 09/15/2017
JPMorgan Chase Bank NA 1.13% 6.00% 10/01/2017
Citigroup, Inc. 1.12% 1.93% 05/15/2018
Santander Drive Auto Receivables Trst, Ser 2012-3, Cl C 1.12% 3.01% 04/16/2018
Hyundai Auto Receivables Trust, Series 2013-B, Class B 1.02% 1.45% 02/15/2019
Morgan Stanley 1.02% 4.75% 03/22/2017
Americredit Automobile Rec Trust, Series 2012-5, Cl B 0.97% 1.12% 11/08/2017

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.