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Treasury & Agency Fund - B (ONTBX)

Treasury & Agency Fund - B (ONTBX)
 ! This share class currently has a limited offering, please see prospectus for more details on the offering.
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.