|
|
|
Portfolio
Overview: (As of 7/30/2010) |
|
 |
| Top
Twenty Five Issuer |
|
|
1. |
Banco Santander |
5.1% |
|
2. |
Liberty Mutual Group |
4.6% |
|
3. |
Capital One Financial |
4.4% |
|
4. |
Comerica |
3.7% |
|
5. |
Dominion Resources |
3.5% |
|
6. |
Wells Fargo |
3.0% |
|
7. |
HSBC Plc |
2.9% |
|
8. |
Metlife |
2.8% |
|
9. |
Puget Energy |
2.6% |
|
10. |
Interstate Power & Light |
2.5% |
|
11. |
Barclays Bank Plc |
2.5% |
|
12. |
Goldman Sachs |
2.5% |
|
13. |
Southern California Edison |
2.5% |
|
14. |
PNC Financial Services |
2.4% |
|
15. |
Enbridge Energy Partners |
2.4% |
|
16. |
Principal Financial |
2.4% |
|
17. |
AXA SA |
2.3% |
|
18. |
Southern Union |
2.2% |
|
19. |
Enterprise Products Partners |
2.1% |
|
20. |
Everest Re Group |
2.0% |
|
21. |
First Horizon |
1.9% |
|
22. |
Ocean Spray |
1.8% |
|
23. |
Kinder Morgan |
1.8% |
|
24. |
Gulf Power |
1.8% |
|
25. |
NextEra Energy |
1.8% |
| |
|
Total
Portfolio |
| |
Top
Twenty Five: |
67.5% |
| |
Other: |
32.5% |
Exposure
to credit default swaps: None
|
|
|
|
|
| Credit
Quality |
| Moody's
Ratings |
%
of Securities
|
| Aaa |
0.0%
|
| Aa |
0.0%
|
|
A
|
6.3%
|
| Baa |
72.3%
|
| Ba |
20.4%
|
| Not
Rated |
0.3%
|
| |
|
| Below
by Both** |
16.7%
|
| |
| **Below
Investment Grade by both Moody's and S&P |
|
|
|
|
| Industry
Concentration |
| Industry |
%
of Securities
|
| Banks |
38.2%
|
| Finance |
2.1%
|
| Insurance |
23.6%
|
| Utilities |
27.5%
|
| Other |
8.6%
|
| |
|
|
| |
Most
recent publicly disclosed fiscal quarter end portfolio holdings are available
upon request |
|
|
|
