Ultra Short Duration Fixed Income

Portfolio Characteristics & Allocation¹ as of 9/30/2017

Characteristics

  Ultra Short Duration Fixed Income BofA ML 1-Year Treasury Index
Weighted Average Life (Years) 0.99 1.00
Effective Duration (Years) 0.97 0.99
Average Quality Aa2 Aaa
Yield to Maturity 1.58% 1.36%
Turnover (12-month trailing) 69.5% 0.0%
Number of Holdings 111 1

Sector Allocation

  Ultra Short Duration Fixed Income BofA ML 1-Year Treasury Index
Credit 35.5% 0.0%
Asset-Backed 24.9% 0.0%
Other 0.7% 0.0%
Agency 0.0% 0.0%
CMBS 0.0% 0.0%
Treasury 33.0% 100.0%
Mortgage-Backed 1.1% 0.0%
Commercial Paper 4.7% 0.0%

Duration Distribution

  Ultra Short Duration Fixed Income BofA ML 1-Year Treasury 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 0.0% 0.0%
1-3 Years 44.4% 0.0%
Under 1 Year 55.7% 100.0%

Quality Allocation

  Ultra Short Duration Fixed Income BofA ML 1-Year Treasury Index
A-1/P-1 5.6% 0.0%
A-2/P-2 0.8% 0.0%
AAA 61.1% 100.0%
AA 3.7% 0.0%
A 16.5% 0.0%
BBB 12.3% 0.0%

Past performance is no guarantee of future results.