Key Characteristics as of 3/31/12
| Top Ten Holdings1 | |||
|---|---|---|---|
| Coupon | Maturity Date | ||
| Schaeffler AG | 6.000 | 1/27/2017 | 1.54% |
| The Neiman Marcus Group, Inc. | 4.750 | 5/16/2018 | 1.53% |
| Crown Castle International Corp. | 4.000 | 1/31/2019 | 1.52% |
| Del Monte Foods Co. | 4.500 | 3/8/2018 | 1.43% |
| Frac Tech International LLC | 6.250 | 5/6/2016 | 1.33% |
| Telesat LLC | 4.250 | 3/26/2019 | 1.33% |
| Istar Financial, Inc. | 7.000 | 6/30/2014 | 1.30% |
| CareStream Health, Inc. | 5.000 | 2/25/2017 | 1.26% |
| Delta Air Lines, Inc. | 5.500 | 4/20/2017 | 1.25% |
| Blackboard, Inc. | 7.500 | 10/4/2018 | 1.22% |
| Total | 13.71% | ||
| View Full Quarterly Holdings |  | ||
| Characteristics | |
|---|---|
| Number of Positions | 145 |
| Average Maturity (Years) | 5.26 |
| Average Duration (Years)2 | 0.66 |
| Sector Allocations3 | |
|---|---|
| Health Care | 14.0% |
| Technology | 10.1% |
| Retailers | 8.8% |
| Media Noncable | 7.1% |
| Consumer Cyclical Services | 4.3% |
| Building Materials | 4.2% |
| Chemicals | 4.0% |
| Automotive | 3.5% |
|
Food and Beverage |
3.1% |
| Non Captive Diversified | 3.0% |
1 Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities.
2 Average Duration is a measure of bond price's sensitivity to a given change in interest rates. Generally, the longer a bond's duration, the greater the price sensitivity to a change in interest rates.
3 Sector Allocations are subject to change.