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Corporate Bond Fund - R6 (CBFVX)

Corporate Bond Fund - R6 (CBFVX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Top ten holdings (as of 3/31/2014)
1. Bank of America Corp. 1.3%
2. Bank of America Corp. 1.2%
3. Morgan Stanley 1.1%
4. Goldman Sachs Group, Inc. (The) 1.0%
5. Swedbank AB 1.0%
6. Anheuser-Busch InBev Worldwide, Inc. 0.9%
7. Ford Motor Credit Co. LLC 0.9%
8. Citigroup, Inc. 0.9%
9. Verizon Communications, Inc. 0.8%
10. HSBC Bank plc 0.8%
Total of top ten 9.9%
Portfolio breakdown* (as of 3/31/2014)
Basic industry 3.2
Capital goods 2.9
Communication 11.8
Consumer Cyclical 6.6
Consumer Noncyclical 10.5
Energy 6.5
Financial Institution 39.0
Other 0.6
Other industrials 0.2
Technology 3.4
Transportation 2.4
Treasury 3.2
Utility 10.6
Cash -0.8

* Due to rounding, values may not total 100%.

Average life* (as of 3/31/2014)
Less than one year 2.9%
Years 1-3 9.2%
Years 3-5 20.1%
Years 5-7 12.0%
Years 7-10 35.8%
Years 10-20 1.4%
Years 20+ 18.5%
Duration 6.85 years
Average Maturity 12.08 years
Average Life 10.34 years

* Due to rounding, values may not total 100%.

Contribution to duration (in years) (as of 3/31/2014)
Financial Institution 2.35
Utility 1.01
Communication 0.97
Consumer Noncyclical 0.77
Energy 0.53
Consumer Cyclical 0.49
Basic industry 0.29
Capital goods 0.26
Technology 0.25
Transportation 0.19
Other 0.05
Other industrials 0.01
Treasury -0.34
Portfolio stats (as of 3/31/2014)
Number of Holdings 411
Fund Assets $656.74
(in millions)
Yield to maturity 3.41%
Quality* (as of 3/31/2014)
AAA 2.9%
AA 7.5%
A 33.4%
BBB 45.3%
BB 6.0%
B 3.9%
CCC & Lower/Other 0.9%

What's this? Mouse over an  underlined  word to see its definition. Check out our glossary >

Concentrating Fund investments in companies conducting business in the same industry will subject the Fund to a greater risk of loss as a result of adverse economic, business or other developments affecting that industry than if its investments were not so concentrated.

The Fund's investments in bonds and other debt securities will change in value based on changes in interest rates. If rates rise, the value of these investments generally drops. The Fund may invest in variable and floating rate securities. Although these instruments are generally less sensitive to interest rate changes than other fixed rate instruments, the value of floating rate securities may decline if their interest rates do not rise as quickly, or as much, as general interest rates.

The Fund may invest in securities that are below investment grade (i.e., "high yield" or "junk bonds") that are generally rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service. Although these securities tend to provide higher yields than higher-rated securities, there is a greater risk that the Fund's share price will decline.

The Fund invests in foreign and emerging markets securities which are subject to greater volatility and special risks in addition to those of U.S. investments. The Fund may invest in securities issued or guaranteed by foreign governmental entities (known as sovereign debt securities). These investments are subject to the risk of payment delays or defaults. There is no legal or bankruptcy process for collecting sovereign debt.

The top 10 holdings listed reflect only the Fund's long-term investments. Short-term investments are excluded. Holdings are subject to change. The holdings listed should not be considered recommendations to purchase or sell a particular security. Each individual security is calculated as a percentage of the aggregate market value of the securities held in the Fund and does not include the use of derivative positions, where applicable.