Key Characteristics as of 3/31/12
| Top Ten Holdings1 | |||
|---|---|---|---|
| Coupon | Maturity Date | ||
| FNMA - MBS | 4.000 | 1/12/2041 | 4.04% |
| U.S. Treasury Notes | 1.375 | 12/31/2018 | 3.77% |
| U.S. Treasury Bonds | 3.125 | 11/15/2041 | 2.03% |
| FNMA - MBS | 4.500 | 4/1/2042 | 1.71% |
| Mexican Bonos | 7.250 | 12/15/2016 | 1.58% |
| Kinetic Concepts, Inc. | 7.000 | 5/4/2018 | 1.09% |
| Immucor, Inc. | 7.250 | 8/17/2018 | 1.08% |
| BJ's Wholesale Club, Inc. | 5.250 | 9/28/2018 | 1.07% |
| Gibson Energy | 5.750 | 6/15/2018 | 1.06% |
| Blackboard, Inc. | 7.500 | 10/4/2018 | 1.06% |
| Total | 18.49% | ||
| View Full Quarterly Holdings |  | ||
| Characteristics | |
|---|---|
| Number of Positions | 194 |
| Average Maturity (Years) | 5.86 |
| Average Duration (Years)2 | 4.21 |
| Sector Allocations3 | |
|---|---|
| Investment Grade Credit | 16.7% |
| High Yield Credit | 16.4% |
| Non-Agency MBS | 12.2% |
| High Yield Bank Loans | 10.9% |
| CMBS | 9.4% |
| Global (Non-USD) | 9.1% |
| Agency MBS | 8.1% |
| Treasury/Agency | 7.2% |
| ABS | 4.5% |
| Other | 1.8% |
| Cash and Equivalents | 3.6% |
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.