Portfolio Characteristics & Allocation¹ as of 9/30/2017

Characteristics

  Short Term Income BofA ML 3-6 Month Treasury Index
Weighted Average Life (Years) 0.50 0.37
Effective Duration (Years) 0.28 0.38
Average Quality A1 Aaa
Yield to Maturity 1.47% 1.10%
Turnover (12-month trailing) 34.7% 0.0%
Number of Holdings 86 13

Sector Allocation

  Short Term Income BofA ML 3-6 Month Treasury Index
CMBS 0.0% 0.0%
Commercial Paper 37.4% 0.0%
Other 4.2% 0.0%
Treasury 0.0% 100.0%
Agency 0.0% 0.0%
Mortgage-Backed 0.0% 0.0%
Asset-Backed 8.3% 0.0%
Credit 50.1% 0.0%

Duration Distribution

  Short Term Income BofA ML 3-6 Month 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 5.8% 0.0%
Under 1 Year 94.2% 100.0%

Quality Allocation

  Short Term Income BofA ML 3-6 Month Treasury Index
A-1/P-1 8.1% 0.0%
A-2/P-2 34.9% 0.0%
AAA 7.9% 100.0%
AA 5.9% 0.0%
A 33.7% 0.0%
BBB 9.6% 0.0%