Use the Guide
Browse the Guide
Portfolio Discussions
Dr. Kelly's Review
Use the Guide
Guide to Retirement
Client Presentation
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Employment & the Fed
Navigating fiscal uncertainty
European Markets
U.S. Recovery
Featured Topics
Fixed Income
U.S. Equities
Income Opportunities
Global Growth
Looking for other topics? Visit the Library
Choose a Shortcut

Treasury & Agency Fund - A (OTABX)

Treasury & Agency Fund - A (OTABX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
Top ten holdings (as of 8/31/2015)
1. U.S. Treasury Notes, 0.63%, 4/30/2018 9.3%
2. U.S. Treasury Notes, 2.63%, 4/30/2016 9.1%
3. U.S. Treasury Notes, 2.00%, 4/30/2016 9.1%
4. U.S. Treasury Notes, 0.88%, 4/30/2017 9.0%
5. U.S. Treasury Notes, 0.75%, 10/31/2017 8.9%
6. New Valley Generation I, 7.30%, 3/15/2019 7.5%
7. U.S. Treasury Notes, 1.50%, 10/31/2019 7.2%
8. U.S. Treasury Notes, 1.25%, 10/31/2018 5.4%
9. U.S. Treasury Notes, 0.88%, 12/31/2016 5.0%
10. U.S. Treasury Notes, 0.75%, 3/31/2018 4.5%
Total of top ten 75.0%
Portfolio breakdown* (as of 8/31/2015)
U.S. Government Agency Securities 14.1%
U.S. Treasury Obligations 85.0%
Other 0.9%

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

Average life* (as of 8/31/2015)
Less than one year 19.6%
Years 1-3 58.2%
Years 3-5 22.2%
Duration 2.14 years
Average Life 2.19 years

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

Portfolio stats (as of 8/31/2015)
Number of Holdings 20
Fund Assets $112.46
(in millions)
Turnover Ratio 23.49%
(Trailing 12 month) (2/28/2015)
Yield to maturity 0.92%
Quality* (as of 8/31/2015)
AAA 100.0%

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 treasury and agency obligations.

The Fund primarily invests in U.S. Treasury and U.S. agency obligations including fixed income securities, mortgage-backed and mortgage-related securities, and inflation-linked securities, including fixed and floating rate debt securities of varying maturities issued by the U.S. government, its agencies and instrumentalities. The Fund also may invest in government mortgage-backed securities and government adjustable rat mortgage loans known as ARMs.

The Fund anticipates a very high degree of portfolio turnover. This will likely result in additional tax consequences.

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.