George Putnam Balanced Fund (PGEOX)
A prudent balance of stocks and bonds since 1937
- Highlights
- Performance
- Holdings
- Expenses
Summary
Fund price |
Yesterday's close | 52-week high | 52-week low |
|---|---|---|---|
| Net asset value |
$17.24
0.12% ( $0.02 ) |
$17.33
(02/24/15) |
$15.52
(03/14/14) |
Management team
(Investing since 1999)
(Investing since 1988)
Strategy and process
- A balanced approach: One of the pioneering mutual funds, the fund has championed a mix of stocks and bonds for more than 75 years.
- Seeking reduced volatility: The fund's focus on high quality stocks and bonds is designed to reduce volatility for conservative and income-oriented investors.
- A rigorous process: The fund's experienced portfolio managers use rigorous fundamental investment research to find opportunities and manage risk.
Effective May 30, 2014, the S&P 500 Index replaced the Russell 1000 Value Index as the fund's equity benchmark. In Putnam Management's opinion, the securities tracked by this index more accurately reflect the types of securities that will generally be held by the fund.
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. To obtain the most recent month-end performance, visit putnam.com.
Performance assumes reinvestment of distributions and does not account for taxes. Returns before sales charge do not reflect the current maximum sales charges as indicated below. Had the sales charge been reflected, returns would be lower. Returns at public offering price (after sales charge) for class A and class M shares reflect the current maximum initial sales charges of 5.75% and 3.50% for equity funds and Putnam Absolute Return 500 Fund and 700 Fund, and 4.00% and 3.25% for income funds (1.00% and 0.75% for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund and 300 Fund, and Putnam Short-Term Municipal Income Fund), respectively. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund and 300 Fund, and Putnam Short-Term Municipal Income Fund, which is 1% in the first year, declining to 0.5% in the second year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, R, T, and Y shares prior to their inception is derived from the historical performance of class A shares, adjusted for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (with the exception of Putnam Tax-Free High Yield Fund and Putnam AMT-Free Municipal Fund, which are based on the historical performance of class B shares). Performance for Class R5/R6 shares before their inception are derived from the historical performance of class Y shares, which have not been adjusted for the lower expenses; had they, returns would have been higher. Class A, M, and T shares of Putnam money market funds have no initial sales charge. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses, without which returns would be lower.
Performance
Total return (%) as of 12/31/14
| Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | 10 yrs. |
|---|---|---|---|---|
| Before sales charge | 10.48% | 13.49% | 10.79% | 3.98% |
| After sales charge | 4.13% | 11.27% | 9.48% | 3.36% |
| S&P 500 Index | 13.69% | 20.41% | 15.45% | 7.67% |
| Barclays U.S. Aggregate Bond Index | 5.97% | 2.66% | 4.45% | 4.71% |
| Cumulative performance | 1 yr. | 3 yrs. | 5 yrs. | 10 yrs. |
|---|---|---|---|---|
| Before sales charge | 10.48% | 46.18% | 66.89% | 47.72% |
| After sales charge | 4.13% | 37.78% | 57.29% | 39.22% |
Annual performance as of 12/31/14
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Before sales charge | 4.04% | 12.25% | 0.92% | -40.30% | 25.80% | 11.15% | 2.71% | 12.36% | 17.76% | 10.48% |
| S&P 500 Index | 4.91% | 15.79% | 5.49% | -37.00% | 26.46% | 15.06% | 2.11% | 16.00% | 32.39% | 13.69% |
| Barclays U.S. Aggregate Bond Index | 2.43% | 4.33% | 6.97% | 5.24% | 5.93% | 6.54% | 7.84% | 4.22% | -2.02% | 5.97% |
Effective May 30, 2014, the S&P 500 Index replaced the Russell 1000 Value Index as the fund's equity benchmark. In Putnam Management's opinion, the securities tracked by this index more accurately reflect the types of securities that will generally be held by the fund.
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. To obtain the most recent month-end performance, visit putnam.com.
Performance assumes reinvestment of distributions and does not account for taxes. Returns before sales charge do not reflect the current maximum sales charges as indicated below. Had the sales charge been reflected, returns would be lower. Returns at public offering price (after sales charge) for class A and class M shares reflect the current maximum initial sales charges of 5.75% and 3.50% for equity funds and Putnam Absolute Return 500 Fund and 700 Fund, and 4.00% and 3.25% for income funds (1.00% and 0.75% for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund and 300 Fund, and Putnam Short-Term Municipal Income Fund), respectively. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund and 300 Fund, and Putnam Short-Term Municipal Income Fund, which is 1% in the first year, declining to 0.5% in the second year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, R, T, and Y shares prior to their inception is derived from the historical performance of class A shares, adjusted for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (with the exception of Putnam Tax-Free High Yield Fund and Putnam AMT-Free Municipal Fund, which are based on the historical performance of class B shares). Performance for Class R5/R6 shares before their inception are derived from the historical performance of class Y shares, which have not been adjusted for the lower expenses; had they, returns would have been higher. Class A, M, and T shares of Putnam money market funds have no initial sales charge. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses, without which returns would be lower.
Lipper rankings are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Lipper. Past performance is not indicative of future results.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. Data is historical. Past performance is no guarantee of future results.
The up-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has risen. The ratio is calculated by dividing the manager’s returns by the returns of the index during the up-market, and multiplying that factor by 100. The down-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has dropped. The ratio is calculated by dividing the manager’s returns by the returns of the index during the down-market and multiplying that factor by 100.
Holdings
Top 10 holdings as of 01/31/15
| Us Treasury N/B 00.7500 03/31/2018 | 3.35% |
|
|---|---|---|
| Us Treasury N/B 01.0000 08/31/2016 | 2.49% |
|
| Us Treasury N/B 03.5000 02/15/2018 | 2.44% |
|
| Apple | 2.41% |
|
| Us Treasury N/B 01.7500 05/31/2016 | 1.92% |
|
| Exxon Mobil Corp | 1.40% |
|
| Us Treasury N/B 01.1250 12/31/2019 | 1.37% |
|
| 1.27% |
|
|
| Fnma Fn30 04.5000 11/01/2040 | 1.08% |
|
| Wells Fargo | 1.07% |
|
| Top 10 holdings, percent of portfolio | 18.80% |
|
Full portfolio holdings as of 12/31/14
| US TREASURY N/B 00.7500 03/31/2018 | 3.25 % |
|---|---|
| US TREASURY N/B 01.0000 08/31/2016 | 3.12 % |
| US TREASURY N/B 03.5000 02/15/2018 | 2.37 % |
| APPLE INC | 2.23 % |
| US TREASURY N/B 01.7500 05/31/2016 | 1.88 % |
| L-3 COMMUNICATIONS HLDGS INC | 1.50 % |
| GOOGLE INC-CL C | 1.24 % |
| MICROSOFT CORP | 1.15 % |
| WELLS FARGO & CO | 1.10 % |
| GILEAD SCIENCES INC | 0.93 % |
| JPMORGAN CHASE & CO | 0.84 % |
| US TREASURY N/B 01.1250 12/31/2019 | 0.82 % |
| EOG RESOURCES INC | 0.76 % |
| CITIGROUP INC | 0.75 % |
| FACEBOOK INC-A | 0.75 % |
| FNMA FN30 AL2146 04.5000 07/01/2042 | 0.73 % |
| MICRON TECHNOLOGY INC | 0.72 % |
| EXXON MOBIL CORP | 0.71 % |
| COMCAST CORP-CLASS A | 0.68 % |
| FNMA FN30 TBA 03.0000 01/01/2045 | 0.68 % |
| UNION PACIFIC CORP | 0.68 % |
| UNITED TECHNOLOGIES CORP | 0.64 % |
| CELGENE CORP | 0.63 % |
| ORACLE CORP | 0.62 % |
| WALT DISNEY CO/THE | 0.59 % |
| AMAZON.COM INC | 0.58 % |
| AMERICAN EXPRESS CO | 0.58 % |
| BRISTOL-MYERS SQUIBB CO | 0.56 % |
| FHLMC FH30G G07084 04.0000 07/01/2042 | 0.55 % |
| ABBVIE INC | 0.54 % |
| ACTAVIS PLC | 0.54 % |
| VISA INC-CLASS A SHARES | 0.53 % |
| ALIBABA GROUP HOLDING-SP ADR | 0.52 % |
| PHILIP MORRIS INTERNATIONAL | 0.52 % |
| HOME DEPOT INC | 0.50 % |
| PEPSICO INC | 0.50 % |
| US TREASURY N/B 03.7500 11/15/2043 | 0.50 % |
| GENERAL DYNAMICS CORP | 0.49 % |
| AMERICAN INTERNATIONAL GROUP | 0.48 % |
| BIOGEN IDEC INC | 0.48 % |
| VERIZON COMMUNICATIONS INC | 0.48 % |
| MERCK & CO. INC. | 0.47 % |
| SCHWAB (CHARLES) CORP | 0.46 % |
| ESTEE LAUDER COMPANIES-CL A | 0.45 % |
| BANK OF AMERICA CORP | 0.44 % |
| COTY INC-CL A | 0.43 % |
| CVS HEALTH CORP | 0.43 % |
| INTL BK RECON & DEVELOP 07.6250 01/19/2023 | 0.42 % |
| LIBERTY GLOBAL PLC-SERIES C | 0.42 % |
| TIME WARNER INC | 0.42 % |
| CME GROUP INC | 0.41 % |
| FNMA FN30 TBA 04.5000 01/01/2045 | 0.40 % |
| HEWLETT-PACKARD CO | 0.40 % |
| PRICELINE GROUP INC/THE | 0.40 % |
| AMERICAN TOWER CORP | 0.39 % |
| PFIZER INC | 0.39 % |
| ELI LILLY & CO | 0.38 % |
| HONEYWELL INTERNATIONAL INC | 0.38 % |
| KEYCORP | 0.38 % |
| MEDTRONIC INC | 0.38 % |
| NIKE INC -CL B | 0.38 % |
| FORTUNE BRANDS HOME & SECURI | 0.37 % |
| INTEL CORP | 0.37 % |
| SUNCOR ENERGY INC | 0.37 % |
| APPLIED MATERIALS INC | 0.36 % |
| MASTERCARD INC-CLASS A | 0.36 % |
| SYMRISE AG | 0.36 % |
| JOHNSON & JOHNSON | 0.35 % |
| REGIONS FINANCIAL CORP | 0.35 % |
| SCHLUMBERGER LTD | 0.35 % |
| SHERWIN-WILLIAMS CO/THE | 0.35 % |
| DISH NETWORK CORP-A | 0.34 % |
| EMC CORP/MA | 0.34 % |
| FNMA FN30 AB3423 04.5000 08/01/2041 | 0.34 % |
| COSTCO WHOLESALE CORP | 0.33 % |
| HARTFORD FINANCIAL SVCS GRP | 0.33 % |
| MONSANTO CO | 0.33 % |
| TJX COMPANIES INC | 0.33 % |
| ALLERGAN INC | 0.32 % |
| BROADCOM CORP-CL A | 0.32 % |
| CAPITAL ONE FINANCIAL CORP | 0.32 % |
| EXELON CORP | 0.31 % |
| FIFTH THIRD BANCORP | 0.31 % |
| KKR & CO LP | 0.30 % |
| LAM RESEARCH CORP | 0.30 % |
| KEURIG GREEN MOUNTAIN INC | 0.29 % |
| LIVE NATION ENTERTAINMENT IN | 0.29 % |
| NORTHROP GRUMMAN CORP | 0.29 % |
| BAKER HUGHES INC | 0.28 % |
| CHARTER COMMUNICATION-A | 0.28 % |
| QEP RESOURCES INC | 0.28 % |
| MCKESSON CORP | 0.27 % |
| MYLAN INC | 0.27 % |
| SPIRIT AIRLINES INC | 0.27 % |
| CIGNA CORP | 0.26 % |
| SANDISK CORP | 0.26 % |
| AMERIPRISE FINANCIAL INC | 0.25 % |
| ASSURED GUARANTY LTD | 0.25 % |
| COCA-COLA ENTERPRISES | 0.25 % |
| DOW CHEMICAL CO/THE | 0.25 % |
| P G & E CORP | 0.25 % |
| US TREASURY N/B 00.7500 12/31/2017 | 0.25 % |
| BED BATH & BEYOND INC | 0.24 % |
| COMM 2014-CR18 C 04.7398 07/15/2047 | 0.24 % |
| DR PEPPER SNAPPLE GROUP INC | 0.24 % |
| EDISON INTERNATIONAL | 0.24 % |
| MONDELEZ INTERNATIONAL INC-A | 0.24 % |
| NRG ENERGY INC | 0.24 % |
| TYCO INTERNATIONAL PLC | 0.24 % |
| UBS AG STAMFORD CT 07.6250 08/17/2022 | 0.24 % |
| WAL-MART STORES INC | 0.24 % |
| AIRBUS GROUP NV | 0.23 % |
| BECTON DICKINSON AND CO | 0.23 % |
| BERKSHIRE HATHAWAY INC-CL B | 0.23 % |
| ENERGEN CORP | 0.23 % |
| MICHAEL KORS HOLDINGS LTD | 0.23 % |
| PRUDENTIAL PLC | 0.23 % |
| YAHOO! INC | 0.23 % |
| TUMI HOLDINGS INC | 0.22 % |
| AXALTA COATING SYSTEMS LTD | 0.21 % |
| CALPINE CORP | 0.21 % |
| CARLYLE GROUP/THE | 0.21 % |
| EP ENERGY CORP-CL A | 0.21 % |
| RED HAT INC | 0.21 % |
| STARBUCKS CORP | 0.21 % |
| ASTRAZENECA PLC-SPONS ADR | 0.20 % |
| AVAGO TECHNOLOGIES LTD | 0.20 % |
| CGCMT 2007-C6 A4 05.7102 12/10/2049 | 0.20 % |
| FIVE BELOW | 0.20 % |
| MACY'S INC | 0.20 % |
| TIME WARNER CABLE | 0.20 % |
| WESTERN DIGITAL CORP | 0.20 % |
| ZIMMER HOLDINGS INC | 0.20 % |
| AMERICAN ELECTRIC POWER | 0.19 % |
| CARDINAL HEALTH INC | 0.19 % |
| FHLMC FH30G U90067 04.0000 08/01/2042 | 0.19 % |
| ING BANK NV P/P 144A 05.8000 09/25/2023 | 0.19 % |
| METLIFE CAP TRST IV P/P 144A 07.8750 12/15/2037 | 0.19 % |
| BOSTON SCIENTIFIC CORP | 0.18 % |
| DOLLAR GENERAL CORP | 0.18 % |
| ENCANA CORP | 0.18 % |
| ENERGIZER HOLDINGS INC | 0.18 % |
| FNMA FN30 MA1549 04.5000 08/01/2043 | 0.18 % |
| GAZTRANSPORT ET TECHNIGA | 0.18 % |
| HILTON WORLDWIDE HOLDINGS IN | 0.18 % |
| JPCMPTMD R USL3M P 07/16/15 JP | 0.18 % |
| QUALCOMM INC | 0.18 % |
| BARCLAYS BANK PLC P/P 144A 10.1790 06/12/2021 | 0.17 % |
| FIDELITY NATIONAL INFORMATIO | 0.17 % |
| FNMA FN30 TBA 05.5000 01/01/2045 | 0.17 % |
| GAP INC/THE | 0.17 % |
| GENWORTH FINANCIAL INC-CL A | 0.17 % |
| HSBC FIN CAP TRUST IX 05.9110 11/30/2035 | 0.17 % |
| PALL CORP | 0.17 % |
| SEMPRA ENERGY | 0.17 % |
| TOTAL SA-SPON ADR | 0.17 % |
| WALGREENS BOOTS ALLIANCE INC | 0.17 % |
| WYNDHAM WORLDWIDE CORP | 0.17 % |
| AMERICAN AIRLINES GROUP INC | 0.16 % |
| COMPUTER SCIENCES CORP | 0.16 % |
| GENERAL ELEC CAP CORP 06.7500 03/15/2032 | 0.16 % |
| MARKWEST ENERGY PARTNERS LP | 0.16 % |
| MASS MUTUAL LIFE P/P 144A 08.8750 06/01/2039 | 0.16 % |
| PROGRESSIVE CORP 06.7000 06/15/2037 | 0.16 % |
| ROYAL DUTCH SHELL-SPON ADR-A | 0.16 % |
| SKYWORKS SOLUTIONS INC | 0.16 % |
| WHIRLPOOL CORP | 0.16 % |
| YUM BRANDS INC | 0.16 % |
| AVALONBAY COMMUNITIES INC | 0.15 % |
| CHENIERE ENERGY INC | 0.15 % |
| FNMA FN30 AU4415 04.5000 10/01/2043 | 0.15 % |
| HARTFORD FINL SVCS GRP 06.6250 03/30/2040 | 0.15 % |
| JPM CHASE CAPITAL XXIII 01.2321 05/15/2047 | 0.15 % |
| KRAFT FOODS GROUP INC | 0.15 % |
| PRAXAIR INC | 0.15 % |
| RE/MAX HOLDINGS INC-CL A | 0.15 % |
| SIMON PROPERTY GROUP INC | 0.15 % |
| WISCONSIN ENERGY CORP 06.2500 05/15/2067 | 0.15 % |
| AGILENT TECHNOLOGIES INC | 0.14 % |
| ERAC USA FINANCE LLC P/P 144A 07.0000 10/15/2037 | 0.14 % |
| EXPRESS SCRIPTS HOLDING CO | 0.14 % |
| FNMA FN30 AU1625 03.5000 07/01/2043 | 0.14 % |
| MEAD JOHNSON NUTRITION CO | 0.14 % |
| MEADWESTVACO CORP | 0.14 % |
| MSC 2012-C4 D P/P 144A 05.5250 03/15/2045 | 0.14 % |
| NEXTERA ENERGY INC | 0.14 % |
| SEALED AIR CORP | 0.14 % |
| VENTAS INC | 0.14 % |
| AKER SOLUTIONS ASA | 0.13 % |
| BOSTON PROPERTIES INC | 0.13 % |
| CAESARSTONE SDOT-YAM LTD | 0.13 % |
| CBS CORP 07.8750 07/30/2030 | 0.13 % |
| CF INDUSTRIES HOLDINGS INC | 0.13 % |
| CTRIP.COM INTERNATIONAL-ADR | 0.13 % |
| FORD MOTOR COMPANY 07.7500 06/15/2043 | 0.13 % |
| PULTEGROUP INC | 0.13 % |
| ROYAL BK OF SCOTLAND PLC REGS 09.5000 03/16/2022 | 0.13 % |
| STATE STREET CAP TR IV 01.2406 06/15/2037 | 0.13 % |
| UNIVERSAL HEALTH SERVICES-B | 0.13 % |
| VAIL RESORTS INC | 0.13 % |
| ADOBE SYSTEMS INC | 0.12 % |
| AIR PRODUCTS & CHEMICALS INC | 0.12 % |
| ANTERO RESOURCES CORP | 0.12 % |
| BACM 2006-5 A3 05.3900 09/10/2047 | 0.12 % |
| CASTLIGHT HEALTH INC-B | 0.12 % |
| GAMING AND LEISURE PROPERTIE | 0.12 % |
| HERSHEY CO/THE | 0.12 % |
| SIEMENS AG | 0.12 % |
| ABBOTT LABORATORIES | 0.11 % |
| AMERISOURCEBERGEN CORP | 0.11 % |
| ANTHEM INC | 0.11 % |
| AVON PRODUCTS INC | 0.11 % |
| BRIGHT HORIZONS FAMILY SOLUT | 0.11 % |
| FHLMC FH30G U91989 04.5000 09/01/2043 | 0.11 % |
| GENERAL GROWTH PROPERTIES | 0.11 % |
| GENESEE & WYOMING INC-CL A | 0.11 % |
| HANESBRANDS INC | 0.11 % |
| HUBBELL INC -CL B | 0.11 % |
| KELLOGG CO | 0.11 % |
| KERR-MCGEE CORP 07.8750 09/15/2031 | 0.11 % |
| NORDEA BANK AB P/P 144A 04.8750 05/13/2021 | 0.11 % |
| PACKAGING CORP OF AMERICA | 0.11 % |
| PENN NATIONAL GAMING INC | 0.11 % |
| PPL WEM HOLDINGS LTD P/P 144A 05.3750 05/01/2021 | 0.11 % |
| PREMIER INC-CLASS A | 0.11 % |
| 21ST CENTURY FOX AMERICA 07.7500 01/20/2024 | 0.10 % |
| AMERICAN WATER WORKS CO INC | 0.10 % |
| BRUNSWICK CORP | 0.10 % |
| CAMDEN PROPERTY TRUST 04.8750 06/15/2023 | 0.10 % |
| EATON CORP PLC | 0.10 % |
| FHLMC FH30G U99054 04.0000 06/01/2043 | 0.10 % |
| HBOS PLC P/P 144A 06.0000 11/01/2033 | 0.10 % |
| HD SUPPLY HOLDINGS INC | 0.10 % |
| JP MORGAN CHASE BANK NA 06.0000 10/01/2017 | 0.10 % |
| MACYS RETAIL HLDGS INC 06.9000 04/01/2029 | 0.10 % |
| PARKER-HANNIFIN CORP 06.2500 05/15/2038 | 0.10 % |
| ROLLINS INC | 0.10 % |
| THERMO FISHER SCIENTIFIC INC | 0.10 % |
| VERIZON PENNSYLVANIA LLC 08.3500 12/15/2030 | 0.10 % |
| WISDOMTREE INVESTMENTS INC | 0.10 % |
| WYNN RESORTS LTD | 0.10 % |
| ALTRIA GROUP INC 02.8500 08/09/2022 | 0.09 % |
| AMERICAN INTL GROUP 08.1750 05/15/2058 | 0.09 % |
| CREDIT SUISSE P/P 144A 06.5000 08/08/2023 | 0.09 % |
| DUKE REALTY LP 04.3750 06/15/2022 | 0.09 % |
| FHLMC FH30G U99096 04.5000 05/01/2044 | 0.09 % |
| FIRSTENERGY TRANSMIS P/P 144A 05.4500 07/15/2044 | 0.09 % |
| FREEPORT-MCMORAN INC | 0.09 % |
| GEORGIA-PACIFIC LLC 07.7500 11/15/2029 | 0.09 % |
| PRUDENTIAL FINANCIAL INC 05.2000 03/15/2044 | 0.09 % |
| RESTAURANT BRANDS INTERN | 0.09 % |
| SANTANDER ISSUANCES P/P 144A 05.9110 06/20/2016 | 0.09 % |
| SBA TOWER TRUST P/P 144A 05.1010 04/17/2017 | 0.09 % |
| TENCENT HOLDINGS LTD | 0.09 % |
| VERIZON COMMUNICATIONS 06.4000 02/15/2038 | 0.09 % |
| VORNADO REALTY TRUST | 0.09 % |
| WELLS FARGO BANK NA 06.0000 11/15/2017 | 0.09 % |
| WFRBS 2014-C19 C 04.6460 03/15/2047 | 0.09 % |
| AFLAC INC 06.9000 12/17/2039 | 0.08 % |
| ANIXTER INTERNATIONAL INC | 0.08 % |
| AON PLC USD 04.2500 12/12/2042 | 0.08 % |
| CAMPBELL SOUP CO 08.8750 05/01/2021 | 0.08 % |
| COMM 2012-CR1 AM 03.9120 05/15/2045 | 0.08 % |
| COVIDIEN PLC | 0.08 % |
| DIAGEO INVESTMENT CORP 08.0000 09/15/2022 | 0.08 % |
| ELECTRICITE DE FRANC P/P 144A 06.9500 01/26/2039 | 0.08 % |
| FIDELITY NATIONAL INFORM 05.0000 03/15/2022 | 0.08 % |
| FNMA FN30 TBA 03.5000 01/01/2045 | 0.08 % |
| FNMA FN30 TBA 04.0000 01/01/2045 | 0.08 % |
| GNMA GII30 TBA 03.0000 01/01/2045 | 0.08 % |
| GROUPON INC | 0.08 % |
| HIGHWOODS REALTY LP 05.8500 03/15/2017 | 0.08 % |
| HUNTSMAN CORP | 0.08 % |
| LBCMT 1998-C4 H P/P 144A 05.6000 10/15/2035 | 0.08 % |
| LEGRAND FRANCE USD 08.5000 02/15/2025 | 0.08 % |
| MACYS RETAIL HLDGS INC 03.6250 06/01/2024 | 0.08 % |
| OSHKOSH CORP | 0.08 % |
| REALTY INCOME CORP 04.6500 08/01/2023 | 0.08 % |
| TELECOM ITALIA SPA P/P 144A 05.3030 05/30/2024 | 0.08 % |
| TELEFONICA EMISIONES SAU USD 04.5700 04/27/2023 | 0.08 % |
| TEXAS-NEW MEXICO PR P/P 144A 09.5000 04/01/2019 | 0.08 % |
| TRANS-CANADA PIPELINES USD 06.3500 05/15/2067 | 0.08 % |
| WASTE MANAGEMENT INC 07.7500 05/15/2032 | 0.08 % |
| WP CAREY INC 04.6000 04/01/2024 | 0.08 % |
| AETNA INC | 0.07 % |
| ANHEUSER-BUSCH COMPANIES LLC 05.5000 01/15/2018 | 0.07 % |
| CANADIAN PACIFIC RAILWAY LTD | 0.07 % |
| CERNER CORP | 0.07 % |
| COMCAST CABLE COMMUNICAT 09.4550 11/15/2022 | 0.07 % |
| COOPER COS INC/THE | 0.07 % |
| CRODA INTERNATIONAL PLC | 0.07 % |
| ENERGY TRANSFER PARTNERS 06.5000 02/01/2042 | 0.07 % |
| EQUITY LIFESTYLE PROPERTIES | 0.07 % |
| ESSEX PROPERTY TRUST INC | 0.07 % |
| FHLMC FH30G U99114 03.5000 02/01/2044 | 0.07 % |
| FHLMC FH30G V80012 03.0000 03/01/2043 | 0.07 % |
| FNMA FN30 734836 05.0000 08/01/2033 | 0.07 % |
| FNMA FN30 AB7936 03.0000 02/01/2043 | 0.07 % |
| FNMA FN30 AB9369 03.5000 05/01/2043 | 0.07 % |
| FNMA FN30 AL5123 04.0000 07/01/2043 | 0.07 % |
| FNMA FN30 AT2746 03.5000 05/01/2043 | 0.07 % |
| FNMA FN30 AU4303 04.5000 09/01/2043 | 0.07 % |
| GENEL ENERGY PLC | 0.07 % |
| GENERAL MOTORS CO 05.2000 04/01/2045 | 0.07 % |
| GOLDMAN SACHS GROUP INC 07.5000 02/15/2019 | 0.07 % |
| HSBC HOLDINGS PLC USD 05.2500 03/14/2044 | 0.07 % |
| LIBERTY MUTUAL GROUP P/P 144A 07.8000 03/15/2037 | 0.07 % |
| MONDELEZ INTERNATIONAL 06.5000 02/09/2040 | 0.07 % |
| NEW JERSEY BELL TELEPHON 08.0000 06/01/2022 | 0.07 % |
| NEXTERA ENERGY PARTNERS LP | 0.07 % |
| PRIDE INTERNATIONAL INC 07.8750 08/15/2040 | 0.07 % |
| PUBLIC STORAGE | 0.07 % |
| RABOBANK NEDERLAND P/P 144A 11.0000 12/29/2049 | 0.07 % |
| RAYTHEON COMPANY | 0.07 % |
| SANTANDER HOLDINGS USA 04.6250 04/19/2016 | 0.07 % |
| SPECTRA ENERGY CAPITAL LLC 08.0000 10/01/2019 | 0.07 % |
| TELEFONICA EMISIONES SAU USD 05.4620 02/16/2021 | 0.07 % |
| TOSCO CORP 08.1250 02/15/2030 | 0.07 % |
| WALGREENS BOOTS ALLIANCE 03.3000 11/18/2021 | 0.07 % |
| ZALANDO SE | 0.07 % |
| ALLEGION PLC | 0.06 % |
| ALTRIA GROUP INC 04.0000 01/31/2024 | 0.06 % |
| AMEREN CORPORATION | 0.06 % |
| AMERICAN EXPRESS COMPANY 07.0000 03/19/2018 | 0.06 % |
| AMERICAN TOWER CORP 03.4000 02/15/2019 | 0.06 % |
| AXIALL CORP | 0.06 % |
| BED BATH & BEYOND INC 05.1650 08/01/2044 | 0.06 % |
| BERKSHIRE HATHAWAY FIN 04.3000 05/15/2043 | 0.06 % |
| BPCE SA P/P 144A 05.1500 07/21/2024 | 0.06 % |
| CBL & ASSOCIATES LP 05.2500 12/01/2023 | 0.06 % |
| COMMONWEALTH EDISON CO 05.8750 02/01/2033 | 0.06 % |
| CROWN CASTLE TOWERS P/P 144A 04.8830 08/15/2020 | 0.06 % |
| CVS PASS-THRU TRUST P/P 144A 07.5070 01/10/2032 | 0.06 % |
| DDR CORP. 07.8750 09/01/2020 | 0.06 % |
| EDP FINANCE BV P/P 144A 06.0000 02/02/2018 | 0.06 % |
| ELEC DE FRANCE P/P 144A 05.6000 01/27/2040 | 0.06 % |
| ELECTRONIC ARTS INC | 0.06 % |
| ENI SPA P/P 144A 04.1500 10/01/2020 | 0.06 % |
| ERAC USA FINANCE LLC P/P 144A 03.8500 11/15/2024 | 0.06 % |
| FNMA FN30 995023 05.5000 08/01/2037 | 0.06 % |
| GENWORTH HOLDINGS INC 07.6250 09/24/2021 | 0.06 % |
| HCA HOLDINGS INC | 0.06 % |
| INVESCO LTD | 0.06 % |
| JM SMUCKER CO/THE | 0.06 % |
| JPMCC 2012-C6 D 05.2074 05/15/2045 | 0.06 % |
| JPMORGAN CHASE & CO 07.9000 04/29/2049 | 0.06 % |
| LORILLARD INC | 0.06 % |
| MCDONALD'S CORP 05.7000 02/01/2039 | 0.06 % |
| O'REILLY AUTOMOTIVE INC | 0.06 % |
| PETROBRAS INTL FIN CO USD 05.3750 01/27/2021 | 0.06 % |
| PINNACLE FOODS INC | 0.06 % |
| RETROPHIN INC | 0.06 % |
| STANDARD CHARTERED PLC REGS 05.7000 01/25/2022 | 0.06 % |
| STATE STREET CORP | 0.06 % |
| SUMITOMO MITSUI P/P 144A 04.4360 04/02/2024 | 0.06 % |
| TCI COMMUNICATIONS INC 07.8750 02/15/2026 | 0.06 % |
| UNITED TECHNOLOGIES CORP 07.5000 CUM CV PFD | 0.06 % |
| WEIGHT WATCHERS INTL INC | 0.06 % |
| WEYERHAEUSER CO 07.3750 03/15/2032 | 0.06 % |
| WILLIS GROUP HOLDING PLC USD 05.7500 03/15/2021 | 0.06 % |
| APPALACHIAN POWER CO 05.8000 10/01/2035 | 0.05 % |
| ARC PROPERTIES OPERATING 04.6000 02/06/2024 | 0.05 % |
| ASSURANT INC 06.7500 02/15/2034 | 0.05 % |
| AUTOZONE INC | 0.05 % |
| BANK OF AMERICA CORP 06.1100 01/29/2037 | 0.05 % |
| BURLINGTN NORTH SANTA FE 05.4000 06/01/2041 | 0.05 % |
| CADENCE DESIGN SYS INC | 0.05 % |
| CENTURYLINK INC 06.8750 01/15/2028 | 0.05 % |
| CF INDUSTRIES INC 05.3750 03/15/2044 | 0.05 % |
| CONSOL ENERGY INC | 0.05 % |
| CVS PASS-THROUGH P/P 144A 04.7040 01/10/2036 | 0.05 % |
| DELHAIZE GROUP SA USD 06.5000 06/15/2017 | 0.05 % |
| EL PASO NATURAL GAS 08.3750 06/15/2032 | 0.05 % |
| EXPEDIA INC 05.9500 08/15/2020 | 0.05 % |
| FNMA FN30 555591 05.5000 07/01/2033 | 0.05 % |
| FNMA FN30 AL5529 04.0000 06/01/2044 | 0.05 % |
| HISTORIC TW INC 09.1500 02/01/2023 | 0.05 % |
| KEYSIGHT TECHNOLOGIES IN | 0.05 % |
| MCDONALD'S CORP 06.3000 03/01/2038 | 0.05 % |
| METLIFE INC 06.4000 12/15/2036 | 0.05 % |
| MONSTER BEVERAGE CORP | 0.05 % |
| OMEGA HLTHCARE INVESTORS 04.9500 04/01/2024 | 0.05 % |
| PROLOGIS INC | 0.05 % |
| PUGET SOUND ENERGY INC 06.9740 06/01/2067 | 0.05 % |
| SANTANDER UK PLC P/P 144A 05.0000 11/07/2023 | 0.05 % |
| SPECTRA ENERGY CAPITAL LLC 06.2000 04/15/2018 | 0.05 % |
| STANDARD CHARTERED P/P 144A 07.0140 07/29/2049 | 0.05 % |
| SW AIRLINES 07-1 TRUST 06.1500 08/01/2022 | 0.05 % |
| TIME WARNER INC. 07.7000 05/01/2032 | 0.05 % |
| AGRIUM INC USD 07.1250 05/23/2036 | 0.04 % |
| ARCELORMITTAL USD 10.3500 06/01/2019 | 0.04 % |
| AXA SA P/P 144A 06.4630 12/29/2049 | 0.04 % |
| BACARDI LTD P/P 144A 04.5000 01/15/2021 | 0.04 % |
| CACI INTERNATIONAL INC -CL A | 0.04 % |
| COMM 2012-LC4 C 05.6468 12/10/2044 | 0.04 % |
| CORP BOND BACKED CTF P/P 144A 00.0000 03/15/2046 | 0.04 % |
| CREDIT SUISSE NEW YORK 05.3000 08/13/2019 | 0.04 % |
| DIPLOMAT PHARMACY INC | 0.04 % |
| DOLLAR GENERAL CORP 03.2500 04/15/2023 | 0.04 % |
| DUKE ENERGY CAROLINAS 04.2500 12/15/2041 | 0.04 % |
| ENERGY TRAN PTNR 07.6000 02/01/2024 | 0.04 % |
| EQT MIDSTREAM PARTNERS L 04.0000 08/01/2024 | 0.04 % |
| FHLMC FH30G G07321 03.5000 04/01/2043 | 0.04 % |
| FNMA FN30 889982 05.5000 11/01/2038 | 0.04 % |
| FNMA FN30 995018 05.5000 06/01/2038 | 0.04 % |
| FNMA FN30 AU4745 04.5000 09/01/2043 | 0.04 % |
| GLENCORE FIN CANADA P/P 144A 05.8000 11/15/2016 | 0.04 % |
| H&R BLOCK INC | 0.04 % |
| HESS CORP 07.3000 08/15/2031 | 0.04 % |
| HSBC BANK USA NA 07.0000 01/15/2039 | 0.04 % |
| JOHNSON CONTROLS INC | 0.04 % |
| KOREA DEVELOPMENT BANK USD 04.0000 09/09/2016 | 0.04 % |
| KOREA GAS CORP P/P 144A 06.2500 01/20/2042 | 0.04 % |
| LLOYDS BANKING GROUP PLC USD 04.5000 11/04/2024 | 0.04 % |
| LULULEMON ATHLETICA INC | 0.04 % |
| MORGAN STANLEY | 0.04 % |
| MSC 2007-HQ12 A2FX 05.5917 04/12/2049 | 0.04 % |
| N TX HWY-TXB-B 06.7180 01/01/2049 | 0.04 % |
| NATIONWIDE FINANCIAL SER 05.6250 02/13/2015 | 0.04 % |
| NATIONWIDE MUTUAL P/P 144A 08.2500 12/01/2031 | 0.04 % |
| NBCUNIVERSAL MEDIA LLC 06.4000 04/30/2040 | 0.04 % |
| NORFOLK SOUTHERN CORP 06.0000 05/23/2111 | 0.04 % |
| OFFICE DEPOT INC | 0.04 % |
| ONCOR ELECTRIC DELIVERY 04.1000 06/01/2022 | 0.04 % |
| ONCOR ELECTRIC DELIVERY CO 07.0000 09/01/2022 | 0.04 % |
| PACIFIC GAS & ELECTRIC 06.3500 02/15/2038 | 0.04 % |
| PANDORA MEDIA INC | 0.04 % |
| PLUM CREEK TIMBER CO | 0.04 % |
| SMURFIT KAPPA GROUP PLC | 0.04 % |
| STATOIL ASA USD 05.1000 08/17/2040 | 0.04 % |
| TELEFONICA EMISIONES SAU USD 07.0450 06/20/2036 | 0.04 % |
| THE BEAR STEARNS COS LLC 06.4000 10/02/2017 | 0.04 % |
| TIAAC 2003-1A E USD 08.0000 12/28/2038 | 0.04 % |
| TIFFANY & CO P/P 144A 04.9000 10/01/2044 | 0.04 % |
| TIVO INC | 0.04 % |
| TRW AUTOMOTIVE INC P/P 144A 04.4500 12/01/2023 | 0.04 % |
| UBSBB 2012-C4 XA IO P/P 144A 01.8521 12/10/2045 | 0.04 % |
| VERIZON COMMUNICATIONS 04.4000 11/01/2034 | 0.04 % |
| VIACOM INC 05.8500 09/01/2043 | 0.04 % |
| WEATHERFORD INTL INC 09.8750 03/01/2039 | 0.04 % |
| AFLAC INC 06.4500 08/15/2040 | 0.03 % |
| ALCOA INC | 0.03 % |
| ALLEGHENY TECHNOLOGIES INC | 0.03 % |
| ALTISOURCE RESIDENTIAL CORP | 0.03 % |
| APPLE INC 03.8500 05/04/2043 | 0.03 % |
| AUTONATION INC 05.5000 02/01/2020 | 0.03 % |
| BANCO DEL ESTADO P/P 144A 02.0000 11/09/2017 | 0.03 % |
| BANK OF AMERICA NA 05.3000 03/15/2017 | 0.03 % |
| BAXTER INTERNATIONAL INC | 0.03 % |
| BEAR STEARNS COS LLC 07.2500 02/01/2018 | 0.03 % |
| BPCE SA P/P 144A 05.7000 10/22/2023 | 0.03 % |
| CAPITAL ONE BANK USA NA 03.3750 02/15/2023 | 0.03 % |
| CF INDUSTRIES INC 05.1500 03/15/2034 | 0.03 % |
| CHICO S FAS INC | 0.03 % |
| COMCAST CORP 06.5000 11/15/2035 | 0.03 % |
| CROATIA P/P 144A 06.2500 04/27/2017 | 0.03 % |
| DCP MIDSTREAM LLC P/P 144A 05.3500 03/15/2020 | 0.03 % |
| DELPHI CORP 04.1500 03/15/2024 | 0.03 % |
| EDP FINANCE BV P/P 144A 05.2500 01/14/2021 | 0.03 % |
| ELEC DE FRANCE P/P 144A 05.6250 12/29/2049 | 0.03 % |
| ENEL FINANCE INTL NV P/P 144A 05.1250 10/07/2019 | 0.03 % |
| ENTERPRISE PRODUCTS OPER 04.8500 08/15/2042 | 0.03 % |
| EPR PROPERTIES 05.2500 07/15/2023 | 0.03 % |
| FEDERAL REALTY INVS TRUST | 0.03 % |
| FHLMC FH30G Q14035 03.5000 12/01/2042 | 0.03 % |
| FIVE CORNERS FUNDING P/P 144A 04.4190 11/15/2023 | 0.03 % |
| FNMA FN30 AA0839 05.0000 01/01/2039 | 0.03 % |
| FNMA FN30 AL5528 04.0000 05/01/2044 | 0.03 % |
| GE CAPITAL TRUST I 06.3750 11/15/2067 | 0.03 % |
| GENERAL ELECTRIC CO | 0.03 % |
| GLENCORE FUNDING LLC P/P 144A 04.6250 04/29/2024 | 0.03 % |
| GNC HOLDINGS INC-CL A | 0.03 % |
| GOLDMAN SACHS GROUP INC 06.7500 10/01/2037 | 0.03 % |
| GRUPO BIMBO SAB P/P 144A 04.8750 06/27/2044 | 0.03 % |
| GRUPO TELEVISA SAB USD 05.0000 05/13/2045 | 0.03 % |
| GRUPO TELEVISA SAB USD 06.6250 01/15/2040 | 0.03 % |
| HALLIBURTON CO | 0.03 % |
| HOST HOTELS & RESORTS LP 06.0000 10/01/2021 | 0.03 % |
| HSBC USA CAPITAL P/P 144A 07.8080 12/15/2026 | 0.03 % |
| ILLINOIS-TXBL 04.4210 01/01/2015 | 0.03 % |
| INVISTA FINANCE LLC P/P 144A 04.2500 10/15/2019 | 0.03 % |
| ITC HOLDINGS CORP P/P 144A 06.0500 01/31/2018 | 0.03 % |
| JPMCC 2013-C13 C 04.0559 01/15/2046 | 0.03 % |
| KINDER MORGAN ENER PART 03.5000 03/01/2021 | 0.03 % |
| KRAFT FOODS GRP INC 06.5000 02/09/2040 | 0.03 % |
| LBCMT 1999-C1 G P/P 144A 06.4100 06/15/2031 | 0.03 % |
| LIBERTY MUTUAL INSUR P/P 144A 07.6970 10/15/2097 | 0.03 % |
| MACYS RETAIL HLDGS INC 06.7000 07/15/2034 | 0.03 % |
| MEDTRONIC INC P/P 144A 04.3750 03/15/2035 | 0.03 % |
| METHANEX CORP USD 03.2500 12/15/2019 | 0.03 % |
| NEVADA POWER CO 07.1250 03/15/2019 | 0.03 % |
| NOBLE HOLDING INTL LTD USD 06.0500 03/01/2041 | 0.03 % |
| NORDSTROM INC 05.0000 01/15/2044 | 0.03 % |
| NUCOR CORP | 0.03 % |
| NVR INC 03.9500 09/15/2022 | 0.03 % |
| ONEAMERICA FINL P/P 144A 07.0000 10/15/2033 | 0.03 % |
| PACIFIC LIFECORP P/P 144A 06.0000 02/10/2020 | 0.03 % |
| PEBBLEBROOK HOTEL TRUST | 0.03 % |
| PETROBRAS INTL FIN CO USD 03.8750 01/27/2016 | 0.03 % |
| POTOMAC EDISON CO P/P 144A 05.8000 10/15/2016 | 0.03 % |
| PRUDENTIAL FINANCIAL INC 05.6250 06/15/2043 | 0.03 % |
| QUEST DIAGNOSTIC INC 06.9500 07/01/2037 | 0.03 % |
| QVC INC 04.8500 04/01/2024 | 0.03 % |
| QWEST CORP 06.7500 12/01/2021 | 0.03 % |
| ROCKWELL COLLINS INC | 0.03 % |
| ROYAL BK SCOTLND GRP PLC USD 05.1250 05/28/2024 | 0.03 % |
| STEEL DYNAMICS INC | 0.03 % |
| TEACHERS INSUR & ANN P/P 144A 06.8500 12/16/2039 | 0.03 % |
| TORNIER NV | 0.03 % |
| TRAVELERS PPTY CASUALTY 07.7500 04/15/2026 | 0.03 % |
| TRONOX LTD-CL A | 0.03 % |
| YANDEX NV-A | 0.03 % |
| 21ST CENTURY FOX AMERICA 07.8500 03/01/2039 | 0.02 % |
| ACTIVISION BLIZZARD INC | 0.02 % |
| ADVANCE AUTO PARTS | 0.02 % |
| AMERICA MOVIL SAB DE CV USD 02.3750 09/08/2016 | 0.02 % |
| AMERICA MOVIL SAB DE USD 06.1250 03/30/2040 | 0.02 % |
| ANHEUSER-BUSCH INBEV 08.2000 01/15/2039 | 0.02 % |
| ANTHEM INC 04.6250 05/15/2042 | 0.02 % |
| APPLE INC 03.4500 05/06/2024 | 0.02 % |
| BANK OF AMERICA CORP 01.0006 09/15/2026 | 0.02 % |
| BG ENERGY CAP PLC P/P 144A 04.0000 10/15/2021 | 0.02 % |
| CA TXB-VAR PURP 3 07.5000 04/01/2034 | 0.02 % |
| CC HLDG GS V LLC/CRO 03.8490 04/15/2023 | 0.02 % |
| CONS EDISON CO OF NY 04.2000 03/15/2042 | 0.02 % |
| CONSTELLIUM NV- CLASS A | 0.02 % |
| CYTEC INDUSTRIES INC. 03.5000 04/01/2023 | 0.02 % |
| DUKE REALTY LP 06.7500 03/15/2020 | 0.02 % |
| EASTMAN CHEMICAL CO 03.8000 03/15/2025 | 0.02 % |
| EASTMAN CHEMICAL CO 06.3000 11/15/2018 | 0.02 % |
| EL PASO PIPELINE PART OP 06.5000 04/01/2020 | 0.02 % |
| ELEC DE FRANCE P/P 144A 05.2500 01/29/2049 | 0.02 % |
| ELEC DE FRANCE P/P 144A 06.0000 01/22/2114 | 0.02 % |
| EMERGE ENERGY SERVICES LP | 0.02 % |
| ENERGY TRANSFER PARTNERS 05.2000 02/01/2022 | 0.02 % |
| EOG RESOURCES INC 05.6250 06/01/2019 | 0.02 % |
| EXPRESS INC | 0.02 % |
| FAIRFAX US INC P/P 144A 04.8750 08/13/2024 | 0.02 % |
| FIFTH THIRD BANCORP 05.1000 12/29/2049 | 0.02 % |
| FORD MOTOR COMPANY 07.4000 11/01/2046 | 0.02 % |
| FORD MOTOR COMPANY 09.9800 02/15/2047 | 0.02 % |
| FRESHPET INC | 0.02 % |
| HI-CRUSH PARTNERS LP | 0.02 % |
| HOSPITALITY PROPERTIES T 04.5000 03/15/2025 | 0.02 % |
| IBERDROLA INTL BV USD 06.7500 07/15/2036 | 0.02 % |
| INTL LEASE FINANCE CORP 06.2500 05/15/2019 | 0.02 % |
| KANSAS GAS & ELECTRIC CO 05.6470 03/29/2021 | 0.02 % |
| KINDER MORGAN ENER PART 04.2500 09/01/2024 | 0.02 % |
| LUKOIL INTL FIN BV P/P 144A 04.5630 04/24/2023 | 0.02 % |
| MARATHON PETRO CORP 06.5000 03/01/2041 | 0.02 % |
| MARRIOTT INTERNATIONAL INC. 03.0000 03/01/2019 | 0.02 % |
| MARTIN MARIETTA MATERIALS | 0.02 % |
| MEDTRONIC INC P/P 144A 03.5000 03/15/2025 | 0.02 % |
| MICHAELS COS INC/THE | 0.02 % |
| MID-AMERICA APT LP 04.3000 10/15/2023 | 0.02 % |
| MOSAIC CO 05.6250 11/15/2043 | 0.02 % |
| MOTIVA ENTERPRISES L P/P 144A 06.8500 01/15/2040 | 0.02 % |
| MSC 2007-HQ12 A2 05.5917 04/12/2049 | 0.02 % |
| OH UNIV-TXB-C-BABS 04.9100 06/01/2040 | 0.02 % |
| ORANGE SA USD 05.3750 07/08/2019 | 0.02 % |
| PETROBRAS INTL USD 06.7500 01/27/2041 | 0.02 % |
| PRIMERICA INC 04.7500 07/15/2022 | 0.02 % |
| PTC INC | 0.02 % |
| RABOBANK NEDERLAND USD 04.6250 12/01/2023 | 0.02 % |
| REPUBLIC SERVICES IN 05.5000 09/15/2019 | 0.02 % |
| ROGERS COMMUNICATIONS IN USD 04.5000 03/15/2043 | 0.02 % |
| SABMILLER HLDG INC P/P 144A 04.9500 01/15/2042 | 0.02 % |
| SES P/P 144A 05.3000 04/04/2043 | 0.02 % |
| SOFTBANK CORP P/P 144A 04.5000 04/15/2020 | 0.02 % |
| STAPLES INC | 0.02 % |
| TEMPLE-INLAND INC. 06.6250 01/15/2018 | 0.02 % |
| THE MOSAIC COMPANY 03.7500 11/15/2021 | 0.02 % |
| TIME WARNER CABLE INC 07.3000 07/01/2038 | 0.02 % |
| TYSON FOODS INC 05.1500 08/15/2044 | 0.02 % |
| UNION CARBIDE CORP 07.7500 10/01/2096 | 0.02 % |
| UNITED AIR 2014-2 A PTT 03.7500 09/03/2026 | 0.02 % |
| UNITED TECHNOLOGIES CORP 04.5000 06/01/2042 | 0.02 % |
| UNITEDHEALTH GROUP INC 04.6250 11/15/2041 | 0.02 % |
| VERIZON COMMUNICATIONS 05.0500 03/15/2034 | 0.02 % |
| VULCAN MATERIALS CO | 0.02 % |
| WEATHERFORD INTERNATIONAL LLC 06.8000 06/15/2037 | 0.02 % |
| WESTAR ENERGY INC 04.1250 03/01/2042 | 0.02 % |
| WILLIAMS PARTNERS LP 04.3000 03/04/2024 | 0.02 % |
| WILLIAMS PARTNERS LP 05.4000 03/04/2044 | 0.02 % |
| ZFS FIN USA TRUST V P/P 144A 06.5000 05/09/2037 | 0.02 % |
| AETNA INC 06.7500 12/15/2037 | 0.01 % |
| ALBEMARLE CORP 04.1500 12/01/2024 | 0.01 % |
| ALTRIA GROUP INC 09.2500 08/06/2019 | 0.01 % |
| ALTRIA GROUP INC. 09.7000 11/10/2018 | 0.01 % |
| ARIZONA PUBLIC SERVICE 04.5000 04/01/2042 | 0.01 % |
| AUTONATION INC | 0.01 % |
| AXA SA P/P 144A 06.3790 12/14/2036 | 0.01 % |
| BEAVER VALLEY II FUNDING 09.0000 06/01/2017 | 0.01 % |
| BEST BUY CO INC | 0.01 % |
| BNP PARIBAS P/P 144A 07.1950 06/29/2049 | 0.01 % |
| BP CAPITAL MARKETS PLC USD 04.5000 10/01/2020 | 0.01 % |
| BURLINGTN NORTH SANTA FE 05.7500 05/01/2040 | 0.01 % |
| CF INDUSTRIES INC 07.1250 05/01/2020 | 0.01 % |
| CITIGROUP INC 00.5056 06/09/2016 | 0.01 % |
| CONTL AIRLINES 1997-4 06.9000 01/02/2018 | 0.01 % |
| CONTL AIRLINES 1998-1 06.6480 09/15/2017 | 0.01 % |
| DELHAIZE GROUP SA USD 04.1250 04/10/2019 | 0.01 % |
| FNMA FN30 AU5131 04.5000 08/01/2043 | 0.01 % |
| FSPC T-56 AIO IO 00.5240 05/25/2043 | 0.01 % |
| GEBL 2004-2A D P/P 144A 02.9108 12/15/2032 | 0.01 % |
| GLP CAP LP / FIN II 04.3750 11/01/2018 | 0.01 % |
| GOOGLE INC-CL A | 0.01 % |
| GRUPO TELEVISA SAB USD 06.0000 05/15/2018 | 0.01 % |
| HOST HOTELS & RESORTS 05.2500 03/15/2022 | 0.01 % |
| HYATT HOTELS CORP 03.3750 07/15/2023 | 0.01 % |
| JABIL CIRCUIT INC 08.2500 03/15/2018 | 0.01 % |
| KANSAS CITY SOUTHERN 04.3000 05/15/2043 | 0.01 % |
| KINDER MORGAN ENER PART 05.4000 09/01/2044 | 0.01 % |
| KONINKLIJKE KPN N.V. USD 08.3750 10/01/2030 | 0.01 % |
| LIBERTY PROPERTY LP 03.3750 06/15/2023 | 0.01 % |
| MACYS RETAIL HLDGS INC 05.1250 01/15/2042 | 0.01 % |
| MACYS RETAIL HLDGS INC 06.6500 07/15/2024 | 0.01 % |
| METHANEX CORP USD 04.2500 12/01/2024 | 0.01 % |
| MOLSON COORS BREWING CO 05.0000 05/01/2042 | 0.01 % |
| MOSAIC CO 05.4500 11/15/2033 | 0.01 % |
| O'REILLY AUTOMOTIVE INC 03.8500 06/15/2023 | 0.01 % |
| PACIFIC GAS & ELECTRIC 05.8000 03/01/2037 | 0.01 % |
| PARAMOUNT GROUP INC | 0.01 % |
| PETROBRAS GLOBAL FINANCE USD 04.3750 05/20/2023 | 0.01 % |
| PPL CAPITAL FUNDING INC 04.2000 06/15/2022 | 0.01 % |
| QUEST DIAGNOSTICS INC 04.7500 01/30/2020 | 0.01 % |
| ROCK-TENN CO 04.4500 03/01/2019 | 0.01 % |
| ROGERS COMMUNICATIONS IN USD 08.7500 05/01/2032 | 0.01 % |
| S&P500 EMINI FUT MAR15 ESH5 | 0.01 % |
| S&W SEED CO | 0.01 % |
| TECO FINANCE INC 06.5720 11/01/2017 | 0.01 % |
| TYSON FOODS INC 04.8750 08/15/2034 | 0.01 % |
| UNITED TECHNOLOGIES CORP 05.7000 04/15/2040 | 0.01 % |
| VERIZON COMM 05.9000 02/15/2054 | 0.01 % |
| CAD/USD 01/21/2015 BCAP-FX | 0.00 % |
| CAD/USD 01/21/2015 CSI-FX | 0.00 % |
| CAD/USD 01/21/2015 JPMCB | 0.00 % |
| CAD/USD 01/21/2015 SSBT | 0.00 % |
| CITIGROUP INC 08.5000 05/22/2019 | 0.00 % |
| DOMINION RESOURCES INC/VA | 0.00 % |
| EMBRAER SA-SPON ADR | 0.00 % |
| EUR/USD 03/18/2015 CITI | 0.00 % |
| EUR/USD 03/18/2015 CSI-FX | 0.00 % |
| EUR/USD 03/18/2015 HSBCB | 0.00 % |
| EUR/USD 03/18/2015 JPMCB | 0.00 % |
| EUR/USD 03/18/2015 UBS | 0.00 % |
| FHLMC FH30G G01793 06.0000 03/01/2035 | 0.00 % |
| FNR 2001-79 BI IO 00.3120 03/25/2045 | 0.00 % |
| FORD MOTOR COMPANY 07.4500 07/16/2031 | 0.00 % |
| FPLUS 1997-3 B1 07.7900 11/10/2023 | 0.00 % |
| FSPC T-56 2IO IO 00.0000 05/25/2043 | 0.00 % |
| GAMESTOP CORP-CLASS A | 0.00 % |
| INTERNATIONAL PAPER CO 08.7000 06/15/2038 | 0.00 % |
| JPMCC 2004-LN2 A2 05.1150 07/15/2041 | 0.00 % |
| KANSAS CITY SOUTHERN USD 02.3500 05/15/2020 | 0.00 % |
| NOK/USD 03/18/2015 CSI-FX | 0.00 % |
| OWENS CORNING 09.0000 06/15/2019 | 0.00 % |
| RESTAURANT BRANDS-EXCH UNITS | 0.00 % |
| SASC 1998-RF3 AIO IO 06.1000 06/15/2028 | 0.00 % |
| VOD 20150116 C 40.00UBS | 0.00 % |
| VOD 20150116 C 45.00UBS | 0.00 % |
| XLE 20150116 P 68.00GSI | 0.00 % |
| XLE 20150116 P 70.00GSI | 0.00 % |
| GBP/USD 03/18/2015 CSI-FX | -0.01 % |
| GBP/USD 03/18/2015 DEUTB-L | -0.01 % |
Prior top 10 holdings
| Top 10 holdings as of 01/31/15 |
|---|
| Us Treasury N/B 00.7500 03/31/2018 |
| Us Treasury N/B 01.0000 08/31/2016 |
| Us Treasury N/B 03.5000 02/15/2018 |
| Apple |
| Us Treasury N/B 01.7500 05/31/2016 |
| Exxon Mobil Corp |
| Us Treasury N/B 01.1250 12/31/2019 |
| Fnma Fn30 04.5000 11/01/2040 |
| Wells Fargo |
| Holdings represent 18.80% of portfolio |
| Top 10 holdings as of 12/31/14 |
|---|
| Us Treasury N/B 00.7500 03/31/2018 |
| Us Treasury N/B 01.0000 08/31/2016 |
| Us Treasury N/B 03.5000 02/15/2018 |
| Apple |
| Us Treasury N/B 01.7500 05/31/2016 |
| L-3 Communications Hldgs Inc |
| Microsoft |
| Wells Fargo |
| FNMA FN30 4.50 11/01/2040 |
| Holdings represent 18.92% of portfolio |
| Top 10 holdings as of 11/30/14 |
|---|
| Us Treasury N/B 00.7500 03/31/2018 |
| Us Treasury N/B 01.0000 08/31/2016 |
| Apple |
| Us Treasury N/B 03.5000 02/15/2018 |
| Us Treasury N/B 01.7500 05/31/2016 |
| L-3 Communications Holdings |
| Wells Fargo |
| Microsoft |
| Fnma Fn30 Tba 04.5000 11/01/2040 |
| Holdings represent 19.23% of portfolio |
| Top 10 holdings as of 10/31/14 |
|---|
| Us Treasury N/B 00.7500 03/31/2018 |
| Us Treasury N/B 01.0000 08/31/2016 |
| Apple |
| Us Treasury N/B 03.5000 02/15/2018 |
| Us Treasury N/B 01.7500 05/31/2016 |
| L-3 Communications Holdings |
| Wells Fargo |
| Fnma 30 year Conv 4.50 11/01/2040 |
| Microsoft |
| Holdings represent 19.53% of portfolio |
Portfolio composition as of 01/31/15
| Common stock | 63.73% |
|
|---|---|---|
| Corporate bonds and notes | 13.93% |
|
| Treasury | 11.99% |
|
| Agency pass-through | 5.12% |
|
| Cash and net other assets | 2.77% |
|
| Commercial MBS | 1.48% |
|
| Emerging-market bonds | 0.45% |
|
| Agency | 0.43% |
|
| Municipal bonds | 0.09% |
|
| Agency CMO | 0.01% |
|
Fund characteristics will vary over time.
Due to rounding, percentages may not equal 100%.
Expenses
Expense ratio |
Class A | Class B | Class C | Class M | Class R | Class R5 | Class R6 | Class Y |
|---|---|---|---|---|---|---|---|---|
| Total expense ratio | 0.99% | 1.74% | 1.74% | 1.49% | 1.24% | 0.73% | 0.63% | 0.74% |
| What you pay | 0.99% | 1.74% | 1.74% | 1.49% | 1.24% | 0.73% | 0.63% | 0.74% |
Sales charge
| Investment Breakpoint | Class A | Class B | Class C | Class M | Class R | Class R5 | Class R6 | Class Y |
|---|---|---|---|---|---|---|---|---|
| $0-$49,999 | 5.75% | -- | -- | 3.50% | -- | -- | -- | -- |
| $50,000-$99,999 | 4.50% | -- | -- | 2.50% | -- | -- | -- | -- |
| $100,000-$249,999 | 3.50% | -- | -- | 1.50% | -- | -- | -- | -- |
| $250,000-$499,999 | 2.50% | -- | -- | 1.00% | -- | -- | -- | -- |
| $500,000-$999,999 | 2.00% | -- | -- | 1.00% | -- | -- | -- | -- |
| $1M-$4M | -- | -- | -- | -- | -- | -- | -- | -- |
| $4M-$50M | -- | -- | -- | -- | -- | -- | -- | -- |
| $50M+ | -- | -- | -- | -- | -- | -- | -- | -- |
CDSC
|
Class A
(sales for $1,000,000+) |
Class B | Class C | Class M | Class R | Class R5 | Class R6 | Class Y | |
|---|---|---|---|---|---|---|---|---|
| 0 to 9 mts. | 1.00% | 5.00% | 1.00% | -- | -- | -- | -- | -- |
| 9 to 12 mts. | -- | 5.00% | 1.00% | -- | -- | -- | -- | -- |
| 2 yrs. | -- | 4.00% | -- | -- | -- | -- | -- | -- |
| 3 yrs. | -- | 3.00% | -- | -- | -- | -- | -- | -- |
| 4 yrs. | -- | 3.00% | -- | -- | -- | -- | -- | -- |
| 5 yrs. | -- | 2.00% | -- | -- | -- | -- | -- | -- |
| 6 yrs. | -- | 1.00% | -- | -- | -- | -- | -- | -- |
| 7+ yrs. | -- | -- | -- | -- | -- | -- | -- | -- |
The S&P 500 Index is an unmanaged index of common stock performance. Indexes assume reinvestment of distributions and do not account for fees. The Barclays U.S. Aggregate Bond Index is an unmanaged index of U.S. investment-grade fixed income securities. Securities in the fund do not match those in the indexes and performance of the fund will differ. It is not possible to invest directly in an index.
Consider these risks before investing: Investments in small and/or midsize companies increase the risk of greater price fluctuations. Value stocks may fail to rebound, and the market may not favor value-style investing. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is greater for longer-term bonds, and credit risk is greater for below-investment-grade bonds. Risks associated with derivatives include increased investment exposure (which may be considered leverage) and, in the case of over-the-counter instruments, the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. Unlike bonds, funds that invest in bonds have fees and expenses. Stock and bond prices may fall or fail to rise over time for several reasons, including general financial market conditions and factors related to a specific issuer or industry. You can lose money by investing in the fund.
You can lose money by investing in a fund. Any given fund may not achieve its goal, and is not intended as a complete investment program. All funds have risk. The value and/or returns of a portfolio will fluctuate with market conditions. You may have more or less than the original amount invested when you redeem your shares.