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Statistics

CHARACTERISTICS  
as of August 31, 2017 Fund Bloomberg Barclays Capital 1-3 Year Govt. Index
AUM (Assets Under Management) $46.9 Million $2.5 Trillion
Effective Duration 0.72 Years 1.96 Years
Average Life 1.97 Years 2.01 Years
Number of Securities 142 241
Yield to Maturity 2.88% 1.30%
Average Coupon 2.62% 163%
Average Price $98.90 $100.70

30 Day SEC Yield (subsidized): 2.08%
30 Day SEC Yield (unsubsidized): 1.69%

30 Day SEC Yield (subsidized): 2.33%
30 Day SEC Yield (unsubsidized): 1.94%

CLICK HERE FOR STANDARDIZED PERFORMANCE. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 855-736-7799.

TOP 10 HOLDINGS  
as of August 31, 2017 Sector SubSector Weightings
B 11/09/17 Treasuries Treasuries 3.2%
B 10/19/17 Treasuries Treasuries 2.7%
IHSFR 2014-SFR2 B SFR CMBS 2.1%
FHLBDN 09/05/17 Treasuries Treasuries 2.1%
B 09/14/17 Treasuries Treasuries 2.1%
FHLBDN 09/14/17 Treasuries Treasuries 2.1%
BSABS 2005-CL1 A1 SubPrime RMBS 1.4%
LWCLO 2014-1A A1R CLO ABS 1.3%
JPMMT 2014-IVR3 3A1 RPL/2.0 RMBS 1.3%
CECLO 2013-19A A1A CLO ABS 1.3%

Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

 

The Bloomberg Barclays Capital 1-3 Year Government Index includes Treasury and Agency securities issued by the U.S. Government with a maturity from 1 up to (but not including) 3 years. This unmanaged Index contains only dollar-denominated, investment grade issues with at least $250 million par outstanding. One cannot invest directly in an index.

SECTOR ALLOCATION as of August 31, 2017

Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

 

Mortgage-Backed Securities (MBS), Commercial Mortgage-Backed Securities (CMBS) and Asset-Backed Securities (ABS)

MBS ALLOCATION as of August 31, 2017

Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

 

Prime: Non-agency MBS collateralized with high quality mortgages that generally did not meet the maximum loan size underwriting criteria of the U.S. Government agencies, (GNMA, FNMA and Freddie Mac) but otherwise would qualify for agency guarantees.

Alt-A: Non-agency MBS collateralized with mortgages failing to meet agency underwriting standards due to somewhat weak credit characteristics, incomplete documentation, or other reasons, but generally higher in credit quality than Subprime mortgage credit quality.

Subprime: Non-agency MBS collateralized with mortgages failing to meet agency underwriting standards generally because of weak credit histories of the borrowers.

CREDIT QUALITY as of August 31, 2017

Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

 

Investment Grade: Credit ratings of AAA, AA, A, and BBB assessed by credit rating agencies.

Below Investment Grade: Credit ratings of BB or lower by credit rating agencies.

Credit quality distribution is determined by using the highest credit rating for each security from Moody's, Standard & Poor's, Fitch Ratings, DBRS, Morningstar and Kroll, six credit rating agencies providing credit assessments for mortgage-backed securities.

DURATION as of August 31, 2017

Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

 

Duration: Measure of a bond or bond portfolio's sensitivity to changes in interest rates. Generally, the longer the duration, the greater the price change relative to interest rate movements.