Investment Objective
The fund seeks to maximize total return while minimizing major bond market risks through investment in quality debt securities
including Treasuries, Agencies, Mortgage-Backed and Asset-Backed securities.
The Sub-Advisor
Macquarie Allegiance manages strict high quality domestic fixed income portfolios. The firm was founded in 1988 and is a part of Macquarie Group Ltd. The Macquarie Group’s assets under management currently exceed $189 billion¹.
Portfolio Characteristics
Current Yield
3.24%
Duration
4.36yrs
Average Maturity
10.45yrs
Average Coupon
3.46%
Maturity Distribution
Under 1 Year
12.4%
1-5 Years
28.6%
5-10 Years
24.7%
10-20 Years
0%
Over 20 Years
34.3%
Sector Allocation
SECTOR
% PORTFOLIO
Government
95.0
Cash
4.0
Accruals
1.0
Bond Quality
RATING
% PORTFOLIO
AAA
100%
Note: The underlying data has been obtained from sources considered to be reliable but its accuracy and completeness cannot be assured. This evaluation is for informational purposes only and is not intended to be an offer,
solicitation, or recommendation with respect to the purchase or sale of any security or a recommendation of the services supplied by any money management organization. Past performance is not a guarantee of future results.
* The Annual Return represents the fund’s actual return net of all monthly fees and expenses.
¹ AUM as of September 30, 2009.
