Portfolio Characteristics & Allocation¹ as of
3/31/2013
Characteristics
| |
High Yield Fixed Income |
Barclays Capital U.S. Corporate High-Yield Index |
| Weighted Average Maturity (Years) |
8.62 |
6.75 |
| Effective Duration (Years) |
4.90 |
4.12 |
| Average Quality |
Ba2 |
B1 |
| Yield to Maturity |
5.51% |
6.47% |
| Turnover (12-month trailing) |
35.04% |
NA |
| Number of Holdings |
72 |
2,018 |
Sector Allocation
| |
High Yield Fixed Income |
Barclays Capital U.S. Corporate High-Yield Index |
| Treasury |
4.4% |
0.0% |
| Agency |
0.0% |
0.0% |
| Mortgage-Backed |
0.0% |
0.0% |
| Credit |
95.6% |
100.0% |
| Asset-Backed |
0.0% |
0.0% |
| CMBS |
0.0% |
0.0% |
| Other |
0.0% |
0.0% |
Duration Distribution
| |
<1 Yr |
1–3 Yrs |
3–4 Yrs |
4–6 Yrs |
6–8 Yrs |
>8 Yrs |
| High Yield Fixed Income |
12.6% |
17.8% |
11.4% |
22.4% |
19.7% |
16.1% |
| Barclays Capital U.S. Corporate High-Yield Index |
10.6% |
24.8% |
14.5% |
28.5% |
17.2% |
4.4% |
Quality Allocation
| |
AAA |
AA |
A |
BBB |
BB or lower |
| High Yield Fixed Income |
4.3% |
0.0% |
0.8% |
15.6% |
79.3% |
| Barclays Capital U.S. Corporate High-Yield Index |
0.0% |
0.0% |
0.0% |
0.0% |
100.0% |