Portfolio Composition
as of (09/30/2014)

Name Value
CORPORATE BONDS 62.33%
ASSET BACKED SECURITIES 15.85%
COLLATERALIZED MORTGAGE OBLIGATIONS 12.16%
MUNICIPAL BONDS 9.36%
Cash & Equivalents 0.30%

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

Name Value
A 31.57%
AA 9.78%
AAA 24.04%
BB 2.76%
BBB 31.01%
Not Rated 0.84%

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

Name Value
0-1 Years 69.2%
1-2 Years 29.9%
2 -3 Years 1.0%
Average Life 0.80 Years
Effective Duration 0.70 Years

Top 10 Holdings
as of (09/30/2014)

Name Value Coupon Maturity Date
Citibank Omni Master Trust, Series 2009-A17, Class A17 1.74% 4.90% 11/15/2018
State Of California, Taxable-Var Purp 3 1.33% 5.45% 04/01/2015
Countrywide Financial Corp. 1.29% 6.25% 05/15/2016
Honda Auto Receivables Owner Trst, Series 2013-4, Cl A3 1.18% 0.69% 09/18/2017
Wachovia Bk Commercial Mrtge Trt, Ser 2005-C20, Cl AMFX 1.05% 5.18% 01/18/2038
Enterprise Fleet Financing, LLC, Series 2014-1, Cl A2 1.04% 0.87% 09/20/2019
Verizon Communications, Inc. 1.01% 2.50% 09/15/2016
Goldman Sachs Group, Inc. (The) 1.01% 3.30% 05/03/2015
Wells Fargo & Co. 1.00% 1.25% 07/20/2016
JPMorgan Chase & Co. 0.97% 5.15% 10/01/2015

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.