Portfolio Composition
as of (12/31/2014)

Name Value
CORPORATE BONDS 98.35%
ASSET BACKED SECURITIES 0.53%
Cash & Equivalents 1.12%

Moody's Quality Bond Rating¹
as of (09/30/2014)

Name Value
AAA 0.3%
AA 1.8%
A 37.3%
BBB 42.7%
BB 16.9%
B 1.2%
Not Rated 0

Effective Duration Breakdown
as of (09/30/2014)

Name Value
0-1 Years 5.0%
1-2 Years 7.3%
2-3 Years 20.5%
3-5 Years 33.6%
5-10 Years 33.6%
Average Life 7.75 Years
Effective Duration 4.18 Years

Top 10 Holdings
as of (12/31/2014)

Name Value Coupon Maturity Date
General Electric Capital Corp., Series B 2.13% 6.25% 01/18/2038
Morgan Stanley, Series MTN 2.02% 6.63% 04/01/2018
Bank of America Corp. 1.92% 6.88% 04/25/2018
JPMorgan Chase & Co., Series 1 1.86% 7.90% 01/18/2038
Bank Of America Corp., Series K 1.67% 8.00% 01/18/2038
Murray Street Investment Trust I 1.63% 4.65% 03/09/2017
HSBC Finance Corp. 1.46% 6.68% 01/15/2021
Associates Corp Of North America 1.16% 6.95% 11/01/2018
TIAA Asset Management Finance Co., LLC 1.09% 2.95% 11/01/2019
Glencore Finance Canada, Ltd. 1.03% 4.25% 10/25/2022

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.