Portfolio Positioning (as of 06/30/2015)

  • We continue to utilize a diverse mix of agency discount notes and repurchase agreements collateralized by Treasuries and overnight cash deposits. 
  • Interest rates of agency discount notes up to six-months in maturity remain at historically low levels.
  • Active management and daily monitoring of rates have enabled us to find attractive opportunities in agency discount notes relative to other issues of similar maturity. 

Portfolio Details as of 07/31/2015

Total Net Assets
$674.85 M
Number of Holdings
49
Average Coupon
-
Average Maturity
52 days
Modified Duration
0.1 Years

Ten Largest and Aggregate Holdings

The most recent twelve months of information from the Fund's month-end schedules of portfolio holdings on Form N-MFP may be obtained, 60 days after the end of the month to which the information pertains, from the U.S. Securities and Exchange Commission's website,at the following link: Reports on Form N-MFP

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