Top 10 Holdings as of 6/30/2018 (%)
| % of Net Assets | |
|---|---|
| Expedia Group, Inc., 08/15/2018, 7.456% | 4.43 |
| Silgan Holdings, Inc., 02/01/2022, 5.500% | 4.39 |
| Cable One, Inc., 06/15/2022, 5.750% | 4.28 |
| Dorel Industries, Inc., 11/30/2019, 5.500% | 4.21 |
| FTI Consulting, Inc., 11/15/2022, 6.000% | 4.19 |
| % of Net Assets | |
|---|---|
| Ecolab, Inc., 01/14/2019, 2.000% | 3.86 |
| Dollar Tree, Inc., 04/17/2020, 3.055% | 3.75 |
| Omnicom Group, Inc. / Omnicom Capital, Inc., 07/15/2019, 6.250% | 3.40 |
| The Sherwin-Williams Co., 06/15/2019, 7.250% | 3.37 |
| Discovery Communications LLC, 08/15/2019, 5.625% | 3.33 |
Asset Allocation as of 06/30/18 (%)
| % of Net Assets | |
|---|---|
| Corporate Bonds | 87.6 |
| Convertible Bonds | 6.2 |
| Cash & Cash Equivalents | 3.2 |
| US Treasuries | 2.1 |
| Preferred Stocks | 0.9 |
| Currency Derivatives | 0.0 |
Credit Quality as of 06/30/18 (%)
| Standard and Poor's Credit Quality | % of Net Assets |
|---|---|
| A- | 6.6 |
| BBB+ | 10.5 |
| BBB | 15.1 |
| BBB- | 13.3 |
| BB+ | 8.4 |
| BB | 11.9 |
| BB- | 10.7 |
| B+ | 2.6 |
| B | 2.2 |
| B- | 5.0 |
| Not Rated | 8.2 |
| US Treasuries | 2.3 |
| Cash and Cash Equivalents | 3.2 |
Portfolio Characteristics as of 06/30/18
Weighted Avg Maturity
2.24 yrs
Weighted Avg Yield to Maturity
3.72%
Modified Duration
1.89 yrs
30-day Subsidized SEC Yield
2.95%
30-day Unsubsidized SEC Yield
2.82%