Portfolio Composition
as of (03/31/2014)

Name Value
COLLATERALIZED MORTGAGE OBLIGATIONS 45.12%
MORTGAGE PASS-THRU 37.99%
ASSET BACKED SECURITIES 9.20%
U.S. TREASURIES 3.28%
AGENCY 1.71%
Cash & Equivalents 2.70%

Moody's Quality Bond Rating¹
as of (09/30/2013)

Name Value
A 4.93%
Aa 11.05%
Aaa 69.36%
B 5.38%
Ba 2.3%
Baa 5.24%
Caa 1.74%

Effective Duration Breakdown
as of (09/30/2013)

Name Value
0-1 Years 9.09%
1-3 Years 22.07%
3-5 Years 38.44%
5-7 Years 19%
7-10 Years 6.89%
10-20 Years 0.95%
20+ Years 3.56%
Average Life 5.65 Years
Effective Duration 4.52 Years

Top 10 Holdings
as of (03/31/2014)

Name Value Coupon Maturity Date
FNMA, Pool #AB9368 3.29% 3.50% 01/18/2038
FHLMC, Pool #C91458 2.53% 3.50% 05/01/2032
U.S. Treasury Bonds 2.41% 4.50% 02/15/2036
FHLMC, Pool #C91449 2.35% 4.00% 05/01/2032
FNMA, Pool #MA1074 2.25% 4.00% 05/01/2032
Wells Fargo Commercial Mort Trust, Ser 2010-C1, Cl B 2.23% 5.28% 01/18/2038
FHLMC, Pool# C91467 2.19% 3.50% 07/01/2032
FNMA, Series 2013-90, Class VA 2.06% 4.00% 09/25/2024
FNMA, Pool #A4008 1.92% 4.00% 01/18/2038
Greenwich Capital Comm Fund Corp, Ser 2005-Gg5, Cl AA 1.75% 5.28% 04/10/2037

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.