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High Yield Bond Fund
Characteristics

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Portfolio Characteristics as of 09/30/2008

Total Assets $110,424,808
Average Duration (Years) 2.77
Average Maturity (Years) 4.78
Average Quality BB
30-day Yield - Class: Institutional 11.14%
30-day Yield - Class: Retail 10.87%


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1 Quality ratings, such as "BBB", refer to portfolio securities and not to the Fund itself. Securities rated below BBB are considered more speculative and are subject to greater risks than higher rated bonds.

2 Portfolio composition may change at any time.

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