Benchmark Morningstar Category
Intermediate-Term Bond

Asset Allocation

 

USAIX


Asset Distribution
 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 03/31/2017
Cash 0.50 0.01 0.52 0.31
US Stock 0.71 0.00 0.71 0.03
Non US Stock 0.12 0.00 0.12 0.00
Bond 93.47 0.00 93.47 97.93
Other 5.20 0.00 5.20 1.73
 

Style Details

 

USAIX

Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 04/30/2017
2017 93.47
2016 92.71
2015 91.84
2014 84.92
2013 90.28
 
Bond Statistics
Detail Value
As of 04/30/2017, *As of 03/31/2017
Average Effective Duration 6.34
Average Effective Maturity (Years)* 8.62
Average Credit Quality BBB
Average Weighted Coupon* 4.03
Average Weighted Price* 101.27
Credit Quality
Type % Bonds Benchmark Category Avg Bond Weight Benchmark Weight Category Avg Weight
AAA 20.49 46.89
AA 12.15 8.28
A 29.02 17.48
BBB 29.55 20.14
BB 5.77 3.63
B 1.31 1.24
Below B 0.11 0.76
Not Rated 1.60 1.59
As of 04/30/2017
Credit Quality is calculated only using the long position holdings of the portfolio.

Sector Weightings

 

USAIX

Fixed-Income Sectors
Type % Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
Government 11.87 27.84
U.S. Treasury 10.21 21.35
U.S. Treasury Inflation-Protected 0.98 0.05
U.S. Agency 0.00 0.66
Non-U.S. Government 0.60 1.18
Other Government Related 0.08 4.60
       
Corporate 68.26 29.45
Corporate Bond 65.53 29.36
Bank Loan 0.44 0.07
Convertible 0.52 0.02
Preferred 1.76 0.00
       
Securitized 11.80 34.30
Agency MBS Pass-Through 0.82 17.68
Agency MBS ARM 0.00 0.25
Agency MBS CMO 2.49 3.01
Non-Agency Residential MBS 0.74 0.85
Commercial MBS 3.92 7.79
Asset-Backed 3.84 4.73
Covered Bond 0.00 0.00
       
Municipal 7.54 0.56
       
Cash & Equivalents 0.53 7.70
       
Other 0.00 0.14
As of 03/31/2017
Sector data is calculated only using the rescaled long position holdings of the portfolio.
Coupon Range
Type % Bonds Benchmark Category Avg   Fund Weight Benchmark Weight Category Avg Weight
0% 0.00 5.07
0% to 4% 55.64 74.76
4% to 6% 34.38 14.41
6% to 8% 7.70 5.12
8% to 10% 2.13 0.41
10% to 12% 0.15 0.24
More than 12% 0.00 0.00
As of 03/31/2017
Sector data is calculated only using the long position holdings of the portfolio.

Top 10 Country Breakdown

 

USAIX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
United States 81.72 90.09
United Kingdom 3.31 1.32
Canada 3.13 1.05
Netherlands 2.74 0.92
Cayman Islands 2.66 2.01
Australia 1.32 0.36
France 1.28 0.35
Luxembourg 0.98 0.36
Ireland 0.53 0.37
Jersey 0.50 0.10
As of 03/31/2017
Country breakdown data is calculated only using the long rescaled holdings of the portfolio.

Bond Maturity Breakdown

 

USAIX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
1 to 3 Years 9.02 3.14
3 to 5 Years 10.41 10.89
5 to 7 Years 13.93 9.23
7 to 10 Years 32.07 25.04
10 to 15 Years 8.05 6.38
15 to 20 Years 6.41 1.70
20 to 30 Years 13.97 33.05
Over 30 Years 4.60 3.36
As of 03/31/2017

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