|
|
|
Portfolio
Overview: (As of 4/30/2008) |
|
 |
| Top
Ten Issuer |
Total
Portfolio
|
|
1. |
Interstate Power |
5.7% |
|
2. |
Merrill Lynch |
4.9% |
|
3. |
Liberty Mutual Insurance |
4.3% |
|
4. |
Cobank |
3.3% |
|
5. |
Banco Santander |
3.3% |
|
6. |
Puget Energy |
2.9% |
|
7. |
Goldman Sachs |
2.9% |
|
8. |
Entergy Louisiana |
2.7% |
|
9. |
Midamerica Energy |
2.4% |
|
10. |
CIT Group |
2.4% |
|
Top
Ten: 34.8%
Other: 65.2%
|
|
|
|
| Credit
Quality |
| Moody's
Ratings |
%
of Securities
|
| Aaa |
0.0%
|
| Aa |
3.5%
|
|
A
|
18.3%
|
| Baa |
48.2%
|
| Ba |
23.0%
|
| Not
Rated |
6.6%
|
| |
|
| Below
by Both** |
18.6%
|
| |
| **Below
Investment Grade by both Moody's and S&P |
|
|
|
|
| Industry
Concentration |
| Industry |
%
of Securities
|
| Banks |
25.4%
|
| Utilities |
32.6%
|
| Finance |
15.9%
|
| Insurance |
14.0%
|
| Other |
12.1%
|
| |
|
|
| |
Most recent publicly disclosed
fiscal quarter end portfolio holdings are available upon request |
|
|
|
