Portfolio Composition
as of (06/30/2014)

Name Value
CORPORATE BONDS 99.61%
Cash & Equivalents 0.39%

Moody's Quality Bond Rating¹
as of (03/31/2014)

Name Value
A 23.92%
Aa 0.5%
Aaa 1.18%
B 4.58%
Ba 14.77%
Baa 55.06%

Effective Duration Breakdown
as of (03/31/2014)

Name Value
0-1 Years 7.02%
1-3 Years 21.3%
3-5 Years 21.48%
5-7 Years 17.8%
7-10 Years 31.8%
10-20 Years 0.00%
20+ Years 0.6%
Average Life 5.66 Years
Effective Duration 4.56 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.