| Scorecard |
|---|
|
5 / 5 Stars
|
|
Lipper
3
3
4
4
2
|
|
Zacks Investment Research
3
(Hold)
|
|
Standard & Poor's
3 / 5 Stars
|
|
TheStreet.com
C+
(Hold)
|
Fund Holdings
More than 40 percent of the fund’s total assets are in U.S. corporate bonds, a significantly greater proportion than the Barclays Capital U.S. Aggregated Bond Index (composed of about 18 percent corporates) or the typical intermediate-bond fund (composed of about 28 percent corporate bonds). The fund also has substantial exposure to foreign corporate bonds and mortgage-backed bonds. The average credit quality of the fund’s bonds is BB, indicating an appetite for riskier assets, Morningstar says. The average effective duration of the fund’s bonds hovers around five years.
Asset Allocation
| % Long | % Short | % Net | |
|---|---|---|---|
| Cash | 1.52 | 3.63 | -2.11 |
| Stocks | 0.0 | 0.0 | 0.0 |
| Bonds | 52.17 | 0.0 | 52.17 |
| Other | 1.92 | 0.09 | 1.83 |
| Foreign Bonds | 44.27 | 1.8 | 42.47 |
| Foreign Stocks | 0.0 | 0.0 | 0.0 |
| Convertible | 3.03 | 0.0 | 3.03 |
| Preferred | 2.61 | 0.0 | 2.61 |
Updated 04.30.2013
Top 10 Holdings
Performance as of 05.31.2013
Portfolio as of 04.30.2013
| % Net Assets | |
|---|---|
| Us 10yr Note (Cbt) Jun13 | 4.82 |
| Fannie Mae Single Family TBA 2.5% 2028-05-01 | 2.19 |
| Fannie Mae Single Family TBA 3.5% 2043-06-01 | 2.08 |
| Fannie Mae Single Family TBA 3% 2028-05-01 | 2.07 |
| US Treasury Bond 2.75% | 1.79 |
| Euro-Oat Future Jun13 | 1.56 |
| Fannie Mae Single Family TBA 3% 2043-06-01 | 1.2 |
| Fannie Mae Single Family TBA 3% 2043-05-01 | 1.19 |
| US Treasury Note 2% | 0.93 |
| Poland(Rep Of) 5.75% | 0.66 |
Bond Ratings (%)
Updated 04.30.2013
| Sector | DPFFX |
|---|---|
| AAA | 28.01 |
| AA | 5.91 |
| A | 11.22 |
| BBB | 31.87 |
| BB | 7.38 |
| B | 10.26 |
| Below B | 2.78 |
| Other | 2.56 |
