Portfolio Composition
as of (03/31/2013)

Name Value
COLLATERALIZED MORTGAGE OBLIGATIONS 50.09%
MORTGAGE PASS-THRU 41.03%
ASSET BACKED SECURITIES 7.90%
Cash & Equivalents 0.98%

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

Name Value
A 4.50%
Aa 10.90%
Aaa 68.60%
B 5.40%
Ba 5.50%
Baa 3.30%
Caa 1.80%

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

Name Value
0-1 Years 4.1%
1-3 Years 24.3%
3-5 Years 56.5%
5-7 Years 5.9%
7-10 Years 7.8%
10-20 Years 1.4%
Average Life 4.45 Years
Effective Duration 3.69 Years

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

Name Value Coupon Maturity Date
FNMA TBA 7.76% 2.50% 04/01/2028
FNMA TBA 3.31% 3.50% 01/18/2038
Hertz Vehicle Financing, LLC, Series 2013-1A, Class A2 1.74% 1.83% 08/25/2019
FHLMC, Pool# D99351 1.73% 3.50% 08/01/2032
Avis Budget Rental Car Fund Aesop, Ser 2012-3A, Cl A 1.61% 2.10% 03/20/2019
Capital One Multi-Asset Exec Trust, Ser 2007-A7, Cl A7 1.60% 5.75% 07/15/2020
FNMA, Pool #Ae1611 1.56% 4.50% 01/18/2038
WF-RBS Commercial Mortgage Trust, Ser 2011-C2, Cl B 1.54% 5.17% 01/18/2038
WF-RBS Commercial Mortgage Trust, Ser 2011-C3, Cl A4 1.50% 4.38% 01/18/2038
Banc of America Commercial Mort, Ser 2006-3, Cl A4 1.50% 5.89% 01/18/2038

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.