Short Duration 1-3 Year Fixed Income

Portfolio Characteristics & Allocation¹ as of 9/30/2017

Characteristics

  Short Duration 1-3 Year Fixed Income BofA ML 1-3 Year Corp/Gov Index
Weighted Average Life (Years) 2.00 1.95
Effective Duration (Years) 1.88 1.89
Average Quality Aa3 Aa1
Yield to Maturity 1.86% 1.65%
Turnover (12-month trailing) 83.7% 0.0%
Number of Holdings 140 2,061

Sector Allocation

  Short Duration 1-3 Year Fixed Income BofA ML 1-3 Year Corp/Gov Index
Mortgage-Backed 12.8% 0.0%
Asset-Backed 21.9% 0.0%
CMBS 0.0% 0.0%
Credit 42.4% 41.7%
Agency 0.0% 5.4%
Other 1.3% 0.0%
Commercial Paper 0.0% 0.0%
Treasury 21.7% 61.9%

Duration Distribution

  Short Duration 1-3 Year Fixed Income BofA ML 1-3 Year Corp/Gov Index
Over 8 Years 0.0% 0.0%
6-8 Years 0.0% 0.0%
4-6 Years 0.0% 0.0%
3-4 Years 6.3% 0.0%
1-3 Years 79.7% 97.4%
Under 1 Year 14.0% 2.6%

Quality Allocation

  Short Duration 1-3 Year Fixed Income BofA ML 1-3 Year Corp/Gov Index
AAA 58.6% 72.9%
AA 2.9% 5.6%
A 13.9% 11.5%
BBB 24.3% 10.0%
BB or Lower 0.4% 0.0%

Past performance is no guarantee of future results.