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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 3/31/2014)
1. Federal Farm Credit Bank 15.3%
2. U.S. Treasury Notes 9.4%
3. U.S. Treasury Notes 7.5%
4. U.S. Treasury Notes 7.4%
5. New Valley Generation I 6.3%
6. U.S. Treasury Notes 6.2%
7. U.S. Treasury Notes 6.1%
8. U.S. Treasury Notes 6.0%
9. U.S. Treasury Notes 5.9%
10. U.S. Treasury Notes 5.6%
Total of top ten 75.7%
Portfolio breakdown* (as of 3/31/2014)
U.S. Government Agency Securities 26.6%
U.S. Treasury Obligations 73.0%
Other 0.4%

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

Average life* (as of 3/31/2014)
Less than one year 17.0%
Years 1-3 53.8%
Years 3-5 29.2%
Duration 2.24 years
Average Life 2.3 years

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

Portfolio stats (as of 3/31/2014)
Number of Holdings 22
Fund Assets $167.25
(in millions)
Turnover Ratio 19.00%
(Trailing 12 month) (2/28/2013)
Yield to maturity 0.78%
Quality* (as of 3/31/2014)
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.

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.