PERFORMANCE





Ex-Date Payable Date Record Date Total Distribution   Income ST Cap Gains LT Cap Gains Return on Capital

Holdings

as of 29-Jan-2015

Holding Sector Asset Class Weight (%) Country Market Value Price ISIN SEDOL Currency Maturity Coupon (%) Duration Mod. Duration YTM (%) Yield to Call (%) Yield to Worst (%) Notional Value
holding-image

JPM

JPMORGAN CHASE & CO

Corporates FI 3.97 United States $399,061 99.43 US46625HJL50 B96WDW5 USD May 15, 2018 1.63 3.19 - 1.80 - 1.80 399,060.78
holding-image

BAC

MERRILL LYNCH & CO INC MTN

Corporates FI 3.78 United States $379,419 114.95 US59018YN641 B2R46W2 USD Apr 25, 2018 6.88 2.92 - 2.08 - 2.08 379,418.96
holding-image

GS

GOLDMAN SACHS GROUP INC

Corporates FI 3.43 United States $344,251 112.73 US38141GFM15 B2QKDK8 USD Apr 1, 2018 6.15 2.88 - 1.99 - 1.99 344,251.04
holding-image

C

CITIGROUP INC

Corporates FI 2.99 United States $300,022 99.58 US172967GS42 B8HN4Z0 USD May 1, 2018 1.75 3.15 - 1.88 - 1.88 300,022.47
holding-image

WFC

WELLS FARGO & COMPANY

Corporates FI 2.74 United States $274,724 99.85 US94974BFG05 B8JB0N2 USD Jan 16, 2018 1.50 2.90 - 1.55 - 1.55 274,724.31
holding-image

BLKFDS

BLK CSH FND TREASURY SL AGENCY

Cash and/or Derivatives CA 2.44 United States $244,573 1.00 US0669224778 - USD - 0.17 0.00 - 0.17 - 0.17 244,572.71
holding-image

MS

MORGAN STANLEY MTN

Corporates FI 2.31 United States $232,252 113.95 US6174466Q77 B2QNZZ6 USD Apr 1, 2018 6.63 2.87 - 2.06 - 2.06 232,252.43
holding-image

BRK

BERKSHIRE HATHAWAY FIN

Corporates FI 2.27 United States $227,633 112.71 US084664BE04 B3K3XG6 USD May 15, 2018 5.40 3.03 - 1.44 - 1.44 227,632.83
holding-image

T

AT&T INC

Corporates FI 2.26 United States $227,388 110.97 US00206RAJ14 B2PD9B1 USD Feb 1, 2018 5.50 2.75 - 1.74 - 1.74 227,387.59
holding-image

AXP

AMERICAN EXPRESS COMPANY

Corporates FI 2.24 United States $225,044 99.73 US025816BG36 B9D69T9 USD May 22, 2018 1.55 3.21 - 1.63 - 1.63 225,044.32
Ticker Name Sector Asset Class Country Weight (%) Market Value Price ISIN SEDOL Currency Maturity Coupon (%) Duration Mod. Duration YTM (%) Yield to Call (%) Yield to Worst (%) Notional Value
Ticker Name Sector Asset Class Country Weight (%) Market Value Price ISIN SEDOL Currency Maturity Coupon (%) Duration Mod. Duration YTM (%) Yield to Call (%) Yield to Worst (%) Notional Value

Exposure Breakdowns

as of 29-Jan-2015

% of Market Value

Banking

28.62%

Consumer Non-Cyclical

13.41%

Energy

9.02%

Communications

7.51%

Electric

7.43%

Technology

6.82%

Consumer Cyclical

6.01%

Insurance

4.42%

Capital Goods

4.19%

Basic Industry

3.74%

Cash and/or Derivatives

2.44%

Finance Companies

2.28%

Reits

2.23%

Transportation

1.33%

Brokerage/Asset Managers/Exchanges

0.53%

as of 29-Jan-2015

  • 88
  • 71
  • 53
  • 35
  • 18
  • 0

2.44

9.13

88.43

  • Cash and/or Derivatives

  • 2 - 3 Years

  • 3 - 5 Years

as of 29-Jan-2015

% of Market Value

Cash and/or Derivatives

2.44%

AAA Rated

1.26%

AA Rated

17.73%

A Rated

54.52%

BBB Rated

24.05%

BB Rated

-

B Rated

-

CCC Rated

-

CC Rated

-

C Rated

-

D Rated

-

Not Rated

-

KEY FACTS

Net Assets

as of 29-Jan-2015

$10,042,942
Inception Date May 28, 2014
Exchange NYSE Arca
Asset Class Fixed Income
Benchmark Index Barclays December 2018 Maturity Corporate Index
Index Ticker BDM1TRUU

Fund Credit Rating - S&P   BBB+f

Shares Outstanding 100,000
Number of Holdings

as of 29-Jan-2015

76
CUSIP 46434VAA8
Closing Price  

as of 29-Jan-2015

100.64
20 Day Avg. Volume   371
Premium/Discount  

as of 29-Jan-2015

0.53%
Options Available No

FEES as of 31-Oct-2013

Expense Ratio  

0.10%

PORTFOLIO CHARACTERISTICS

Equity Beta  

as of -

-
Standard Deviation (3y)  

as of -

-

12m Trailing Yield  

as of -

-
Distribution Yield  

as of 29-Jan-2015

1.63%
30 Day SEC Yield  

as of 29-Jan-2015

1.71%
30 Day SEC Yield Month End  

as of 31-Dec-2014

1.89
Unsubsidized 30-Day SEC Yield  

as of 31-Dec-2014

1.89%

Weighted Avg Coupon  

as of 29-Jan-2015

3.78%
Weighted Average Life  

as of 29-Jan-2015

3.29 yrs
Effective Duration  

as of 29-Jan-2015

3.08 yrs
Weighted Avg YTM  

as of 29-Jan-2015

1.73%
Option Adjusted Spread  

as of 29-Jan-2015

78 bps

Estimated Net Acquisition Yield Calculator

Calculate the Estimated Net Acquisition Yield (ENA Yield) based on the projected market purchase price that you input. This estimate also reflects the deduction of the expense ratio (10 basis points).
The NAV (as of 29-Jan-2015) used in the calculation is $100.43. The value you enter should correspond to your estimated market purchase price as of 29-Jan-2015.
Please note that the results generated by the Estimated Net Acquisition Yield Calculator are for illustrative purposes only and are not representative of any specific investment outcome.
The Average Yield to Maturity shown is the weighted average yield to maturity of the individual bonds. During the final year of the fund's life, the underlying bonds will mature and the proceeds will be held in cash equivalents until the liquidation of the fund. The investor's total realized yield to fund maturity will be influenced by the yield earned on these proceeds during the final year. If the future yield on cash equivalents is lower than the current Average Yield to Maturity for the portfolio’s bonds, the realized yield to fund maturity is also expected to be lower and vice versa.
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