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FIXED INCOME (MACS)

   MODERATE DURATION MACS (As of Mar 31, 2013)   
  
  • Style Benchmark: Barclays Aggregate
  • Style Assets: $596million
  • Average Duration: 3.5 - 5.5 years

 
  
   AGGREGATE INTERMEDIATE MACS (As of Mar 31, 2013)   
  
  • Style Benchmark: Barclays Int. Aggregate
  • Style Assets: $80 million
  • Average Duration: 2.5 - 4.5 years

 
  
   MARKET DURATION MACS (As of Mar 31, 2013)   
  
  • Style Benchmark: Barclays Gov/Credit
  • Style Assets: $1.16 billion
  • Average Duration: 4.5 - 6.0 years

 
  
   LIMITED DURATION MACS (As of Mar 31, 2013)   
  
  • Style Benchmark: Barclays Int. Gov/Credit
  • Style Assets: $1.16billion
  • Average Duration: 3.0 - 4.5 years

 
  

FIXED INCOME (SMA ENHANCED)

   MARKET DURATION SMA ENHANCED (As of Mar 31, 2013)   
  
  • Style Benchmark: Barclays Gov/Credit
  • Style Assets: $1.16 billion
  • Average Duration: 4.5 - 6.0 years

 
  
   LIMITED DURATION SMA ENHANCED (As of Mar 31, 2013)   
  
  • Style Benchmark: Barclays Int. Gov/Credit
  • Style Assets: $1.16billion
  • Average Duration:3.0 - 4.5 years

 
  

FIXED INCOME (SMA)

   MARKET DURATION SMA (As of Mar 31, 2013)   
  
  • Style Benchmark: Barclays Gov/Credit
  • Style Assets: $1.16 billion
  • Average Duration: 4.5 - 6.0 years

 
  
   LIMITED DURATION SMA (As of Mar 31, 2013)   
  
  • Style Benchmark: Barclays Capital Int. Gov/Credit
  • Style Assets: $1.16 billion
  • Average Duration: 3.0 - 4.5 years

 
  

Separately Managed Account Indices

Moderate Duration MACS – Last Updated: Mar 31, 2013

Barclays U.S. Aggregate Bond Index is an unmanaged index that covers the investment grade fixed rate bond market with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. The issues must be rated investment grade, be publicly traded, and meet certain maturity and issue size requirements. You can not invest directly in an index.

Limited Duration MACS – Last Updated: Mar 31, 2013

Barclays U.S. Intermediate Government/Credit Bond Index is the Intermediate component of the U.S. Government/Credit index.  The Government/Credit Index includes securities in the Government and Credit Indices.  The Government Index includes treasuries (i.e., public obligations of the U.S. Treasury that have remaining maturities of more than one year) and agencies (i.e., publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the U.S. Government).  The Credit Index includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. You can not invest directly in an index.

Market Duration MACS – Last Updated: Mar 31, 2013

Barclays U.S. Government/Credit Bond Index includes securities in the Government and Credit Indices.  The Government Index includes treasuries (i.e., public obligations of the U.S. Treasury that have remaining maturities of more than one year) and agencies (i.e., publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the U.S. Government).  The Credit Index includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. You can not invest directly in an index.

Market Duration SMA – Last Updated: Mar 31, 2013

Barclays U.S. Government/Credit Bond Index includes securities in the Government and Credit Indices.  The Government Index includes treasuries (i.e., public obligations of the U.S. Treasury that have remaining maturities of more than one year) and agencies (i.e., publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the U.S. Government).  The Credit Index includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. You can not invest directly in an index.

Limited Duration SMA – Last Updated: Mar 31, 2013

Barclays Capital U.S. Intermediate Government/Credit Bond Index is the Intermediate component of the U.S. Government/Credit index.  The Government/Credit Index includes securities in the Government and Credit Indices.  The Government Index includes treasuries (i.e., public obligations of the U.S. Treasury that have remaining maturities of more than one year) and agencies (i.e., publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the U.S. Government).  The Credit Index includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. You can not invest directly in an index.

Aggregate Intermediate MACS – Last Updated: Mar 31, 2013

Barclays U.S. Intermediate Aggregate Bond Index is an unmanaged index that covers the intermediate investment grade fixed rate bond market with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. The issues must be rated investment grade, be publicly traded, and meet certain maturity and issue size requirements. You can not invest directly in an index.

Market Duration SMA Enhanced – Last Updated: Mar 31, 2013

Barclays U.S. Government/Credit Bond Index includes securities in the Government and Credit Indices.  The Government Index includes treasuries (i.e., public obligations of the U.S. Treasury that have remaining maturities of more than one year) and agencies (i.e., publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the U.S. Government).  The Credit Index includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. You can not invest directly in an index.

Limited Duration SMA Enhanced – Last Updated: Mar 31, 2013

Barclays U.S. Intermediate Government/Credit Bond Index is the Intermediate component of the U.S. Government/Credit index.  The Government/Credit Index includes securities in the Government and Credit Indices.  The Government Index includes treasuries (i.e., public obligations of the U.S. Treasury that have remaining maturities of more than one year) and agencies (i.e., publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the U.S. Government).  The Credit Index includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. You can not invest directly in an index.