Benchmark Morningstar Category
High Yield Bond

Asset Allocation

 

US30279V3832


Asset Distribution
 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 04/16/2014
Cash 3.45 8.02 11.47 3.87
US Stock 9.25 0.83 10.08 1.35
Non US Stock 0.46 0.00 0.46 0.11
Bond 93.41 4.51 97.92 93.35
Other -6.58 10.78 4.20 1.31
 

Style Details

 

US30279V3832

Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 07/31/2012
2014 93.41
2013 97.27
2012 94.26
 
Bond Statistics
Detail Value
As of 07/31/2012, *As of 04/16/2014
Average Effective Duration (Years)*
Average Effective Maturity (Years)*
Average Credit Quality Not Rated
Average Weighted Coupon* 5.18
Average Weighted Price* 101.62
Credit Quality
Type % Bonds Benchmark Category Avg Bond Weight Benchmark Weight Category Avg Weight
AAA 0.66
AA 0.51
A 3.06
BBB 8.23
BB 32.29
B 39.49
Below B 12.15
Not Rated 3.61
As of 07/31/2012
Credit Quality is calculated only using the long position holdings of the portfolio.

Sector Weightings

 

US30279V3832

Fixed-Income Sectors
Type % Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
Government 4.73 1.72
       
Corporate 71.23 85.80
Corporate Bond 30.89 83.55
Bank Loan 39.60 0.87
Convertible 0.09 0.51
Preferred 0.65 0.86
       
Securitized 12.24 2.59
Agency Mortgage-Backed 3.06 0.24
Non-Agency Residential MBS 2.68 0.43
Commercial MBS 3.34 0.72
Asset-Backed 3.14 1.20
Covered Bond 0.02 0.00
       
Municipal 0.77 0.04
       
Cash & Equivalents 5.70 5.11
       
Other 5.33 4.74
As of 04/16/2014
Sector data is calculated only using the long position holdings of the portfolio.
Coupon Range
Type % Bonds Benchmark Category Avg   Fund Weight Benchmark Weight Category Avg Weight
0% PIK 7.73 0.50
0% to 4% 30.80 3.41
4% to 6% 29.78 10.22
6% to 8% 19.72 37.75
8% to 10% 9.02 30.49
10% to 12% 2.03 3.07
More than 12% 0.92 14.56
As of 04/16/2014
Sector data is calculated only using the long position holdings of the portfolio.

Top 10 Country Breakdown

 

US30279V3832

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
United States 75.62 82.28
Cayman Islands 6.18 1.24
Luxembourg 2.31 4.45
United Kingdom 1.91 1.60
Canada 1.86 3.19
Netherlands 1.35 1.29
France 1.06 0.37
Germany 0.78 0.32
Italy 0.68 0.09
Australia 0.65 0.72
As of 04/16/2014
Country breakdown data is calculated only using the long position holdings of the portfolio.

Bond Maturity Breakdown

 

US30279V3832

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
1 to 3 Years 7.14 2.43
3 to 5 Years 24.63 24.85
5 to 7 Years 38.33 46.57
7 to 10 Years 12.54 19.97
10 to 15 Years 2.76 3.18
15 to 20 Years 1.55 0.86
20 to 30 Years 7.66 1.00
Over 30 Years 5.39 1.15
As of 04/16/2014

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