Key Characteristics as of 12/31/11
| Top Ten Holdings1 | |||
|---|---|---|---|
| Coupon | Maturity Date | ||
| The Neiman Marcus Group, Inc. | 4.750 | 5/16/2018 | 1.67% |
| CareStream Health, Inc. | 5.000 | 2/25/2017 | 1.54% |
| Istar Financial, Inc. | 7.000 | 6/30/2014 | 1.42% |
| Del Monte Foods Co. | 4.500 | 3/8/2018 | 1.39% |
| Styron S.A.R.L LLC | 6.000 | 8/2/2017 | 1.37% |
| Delta Air Lines, Inc. | 5.500 | 4/20/2017 | 1.34% |
| CDW LLC | 4.000 | 7/14/2017 | 1.32% |
| Blackboard, Inc. | 7.500 | 10/4/2018 | 1.31% |
| Kinetic Concepts, Inc. | 7.000 | 5/4/2018 | 1.31% |
| Gymboree Corp. | 5.000 | 2/23/2018 | 1.30% |
| Total | 13.98% | ||
| View Full Quarterly Holdings |  | ||
| Characteristics | |
|---|---|
| Number of Positions | 141 |
| Average Maturity (Years) | 5.17 |
| Average Duration (Years)2 | 0.57 |
| Sector Allocations3 | |
|---|---|
| Health Care | 16.0% |
| Technology | 12.4% |
| Retailers | 9.0% |
| Chemicals | 5.1% |
| Consumer Products | 3.8% |
| Electric | 3.7% |
| Building Materials | 3.5% |
| Media Non-cable | 3.4% |
| REITs | 2.9% |
| Consumer Cyclical Services | 2.7% |
1 Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell individual securities.
2 Average Duration is a measure of bond price's sensitivity to a given change in interest rates. Generally, the longer a bond's duration, the greater the price sensitivity to a change in interest rates.
3 Sector Allocations are subject to change.