Portfolio Composition
as of (06/30/2014)

Name Value
CORPORATE BONDS 99.61%
Cash & Equivalents 0.39%

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

Name Value
A 35.26%
AA 3.25%
AAA 0.38%
B 0.6%
BB 16.99%
BBB 42.14%
Not Rated 1.38%

Effective Duration Breakdown
as of (06/30/2014)

Name Value
0-1 Years 6.1%
1-2 Years 8.2%
2-3 Years 18.6%
3-5 Years 30.2%
5-10 Years 36.9%
Average Life 6.13 Years
Effective Duration 4.29 Years

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

Name Value Coupon Maturity Date
General Electric Capital Corp., Series B 2.30% 07/17/2014
Merrill Lynch & Co., Inc., Series Mtn 2.08% 07/17/2014
Morgan Stanley, Series Mtn 1.92% 07/17/2014
Murray Street Investment Trust I 1.77% 07/17/2014
JPMorgan Chase & Co., Series 1 1.73% 07/17/2014
Bank Of America Corp., Series K 1.51% 07/17/2014
HSBC Finance Corp. 1.33% 07/17/2014
American International Group, Inc. 1.30% 07/17/2014
Endurance Specialty Holdings, Ltd. 1.27% 07/17/2014
Associates Corp Of North America 1.26% 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.