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Core Plus Bond Fund - A (ONIAX)

Core Plus Bond Fund - A (ONIAX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Top ten holdings (as of 10/31/2015)
1. U.S. Treasury Notes, 1.38%, 3/31/2020 2.9%
2. U.S. Treasury Bonds, 3.00%, 11/15/2044 1.7%
3. U.S. Treasury Notes, 1.00%, 5/31/2018 1.5%
4. U.S. Treasury Notes - WI Reopening, 2.88%, 8/15/2045 1.1%
5. U.S. Treasury Notes, 2.13%, 5/15/2025 1.0%
6. U.S. Treasury Bonds, 3.00%, 5/15/2045 1.0%
7. Federal National Mortgage Association, Other, 3.07%, 2/1/2025 0.7%
8. U.S. Treasury Bonds, 5.50%, 8/15/2028 0.6%
9. U.S. Treasury Coupon STRIPS, 0.00%, 11/15/2033 0.6%
10. U.S. Treasury Notes, 1.63%, 12/31/2019 0.5%
Total of top ten 11.6%
Portfolio breakdown* (as of 10/31/2015)
Asset-Backed Securities 12.2%
Collateralized Mortgage Obligations 11.7%
Commercial Mortgage-Backed Securities 6.8%
Corporate Bonds 30.4%
Foreign Government Securities 1.3%
Mortgage Pass-Through Securities 12.6%
Short-Term Investments 4.2%
U.S. Treasury Obligations 17.9%
Other 2.9%

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

Average life* (as of 10/31/2015)
Less than one year 9.4%
Years 1-3 15.9%
Years 3-5 19.1%
Years 5-7 16.4%
Years 7-10 22.8%
Years 10-20 5.1%
Years 20-30 9.8%
Years 30+ 1.5%
Duration 5.66 years
Average Life 8.12 years

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

Portfolio stats (as of 10/31/2015)
Number of Holdings 2780
Fund Assets $4.41
(in billions)
Turnover Ratio 51.85%
(Trailing 12 month) (2/28/2015)
Yield to maturity 3.49%
Quality* (as of 10/31/2015)
AAA 50.4%
AA 3.0%
A 9.9%
BBB 11.7%
BB 13.5%
B 4.1%
CCC or Lower 1.0%
Not rated 6.4%

The manager receives credit quality ratings on underlying securities of the portfolio from the three major ratings agencies - S&P, Moody's and Fitch. When calculating the credit quality breakdown, the manager selects the middle rating of the agencies when all three agencies rate a security. The manager will use the lower of the two ratings if only two agencies rate a security and will use one rating if that is all that is provided. Securities that are not rated by all three agencies are reflected as such.

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

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

The Fund's fixed income securities are subject to interest rate risk. If rates increase, the value of the Fund's investments generally declines.

Ordinarily, the Fund will invest at least 80% of its total assets in bonds, both domestic and foreign.

Under normal conditions at least 65% of the Fund's total assets must be invested in securities that are, at the time of purchase, rated investment grade.

The Fund may invest in foreign and emerging markets debt securities that are rated below investment grade (i.e. high yield or junk bonds) or the unrated equivalent. Under normal circumstances the Fund will not invest more than 35% of its total assets in below investment grade securities. They generally are rated in the fifth or lower rating categories of Standard & Poor's and Moody's Investors Service.

The Fund may invest up to 35% of its total assets in foreign and emerging markets.

The Fund may also invest in securities issued or guaranteed by foreign governmental entities (known as sovereign debt securities). Sovereign debt securities are subject to the risk of payment delay or defaults, and are subject to risks related to large debt positions relative to the country's economy or failure to implement economic reforms.

The Fund may invest in futures contracts and derivatives. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.

The Fund's investment in equity securities may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. When the value of a fund's securities goes down, an investment in a fund decreases in value.

Total return assumes reinvestment of income.

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.