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Fund data as of 09/30/2017 unless otherwise specified.

Asset Allocation

Fixed Income98%
Cash*2%
Total100%
* Cash is maintained by the fund for liquidity purposes and may be overlaid with equity and / or U.S. Treasury futures to provide capital market exposure.

Risk/Return Characteristics*

Standard Deviation2.90%
R-Squared92.89%
Beta vs Benchmark0.99
Beta vs Barclays US Aggregate0.99
Sharpe Ratio0.68
Information Ratio0.12
All measures over a 5-year period.

Portfolio Characteristics

Weighted Avg Maturity8.80 years
Effective Duration5.63 years

Yield

SEC 30-Day Yield1.82%
SEC 30-Day Yield (Gross) †1.80%
Gross Yield reflects yield if fee waivers were not in effect.

Fixed Income Sectors**

Mortgage-Backed21.39%
Treasury/Agency50.12%
Corporate20.29%
ABS0.63%
Yankee3.82%
Non-U.S.2.49%
Other1.26%
Total100%
Duration weighted
Due to rounding, holdings data may not sum to 100%.
Portfolio composition subject to change at any time.
Duration - A measure of the sensitivity, or volatility, of fixed income investments to changes in interest rates.
Standard deviation - A statistical measurement of distribution around an average, which depicts how widely returns varied over a certain period of time. Investors use the standard deviation of historical performance to try to predict the most likely range of returns. When a fund has a high standard deviation, the predicted range of performance is wide implying greater volatility.
R-squared - Shows the percentage of a fund's performance that is explained by movement in the benchmark index. This shows the correlation between the fund and its benchmark. An R-squared of 100% indicates that all movements of a fund can be explained by movements in the benchmark. A low R-squared indicates that very few of the fund's movements can be explained by movements in its benchmark. An R-squared measure of 50%, for example, means that only 50% of the fund's movements can be explained by movements in the benchmark index.
Beta vs. Benchmark - Beta is a measure of a fund's sensitivity to market movements as defined by the fund's benchmark. A fund with a higher beta relative to the benchmark is more volatile than the benchmark and a fund with a lower beta relative to the benchmark can be expected to rise and fall more slowly than the benchmark.
Beta vs Barclays Capital Aggregate Bond Index - Beta is a measure of a fund's sensitivity to market movements as defined by the Barclays Capital Aggregate Bond Index ("Index"). A fund with a higher beta relative to the Index is more volatile than the Index, and a fund with a lower beta relative to the Index can be expected to rise and fall more slowly than the Index.
Sharpe Ratio - A risk-adjusted measure that measures reward per unit of risk. The higher the Sharpe ratio, the better the fund's historical risk adjusted performance.
Information Ratio - Measures how much the fund outperformed the benchmark per unit of additional risk taken.