Investment Strategies - Fixed Income

Separate Accounts

 

PORTFOLIO CHARACTERISTICS AS OF JUNE 30, 2010

M&C Fixed IncomeBarclays Capital Gov't/CreditBarclays Capital Aggr
Average YTM2.33%2.53%2.70%
Average Coupon4.26%4.07%4.47%
Average Maturity5.04 Yrs7.63 Yrs6.22 Yrs
Average QualityAA1NANA
Current Yield3.97%3.80%4.18%
Effective Duration3.935.454.38

DISTRIBUTION BY MATURITY AS OF JUNE 30, 2010(%)

M&C Fixed IncomeBarclays Capital Gov't/CreditBarclays Capital Aggr
0-15.870.000.00
1-324.2032.5032.60
3-539.4920.7029.90
5-719.0413.4016.00
7-106.6116.3010.60
10-150.002.801.80
15-200.003.102.00
20-250.002.501.60
25+4.798.705.50

TOP TEN HOLDINGS AS OF JUNE 30, 2010

Company% Owned
1U.S. Treasury Note 2.625% Due 04-30-164.3%
2U.S. Treasury Note 1.375% Due 05-15-124.3%
3Microsoft Corp. 2.950% Due 06-01-144.2%
4Medtronic Inc. 3.000% Due 03-15-154.2%
5Wells Fargo & Company 3.750% Due 10-01-144.1%
6IBM Corporation 2.100% Due 05-06-134.1%
7FHLMC Gold G08332 4.5% Due 03-01-393.9%
8U. S. Bancorp 4.200% Due 05-15-143.9%
9U.S.Treasury Note 4.500% Due 02-15-163.9%
10U.S. Treasury Note 4.000% Due 02-15-153.8%

Disclosure

Source: BondEdge, Advent/AXYS
Data as of June 30, 2010

The characteristics shown above were derived from a representative account ("M&C Fixed Income"). The Representative Fixed Income Account is an actual, separately managed portfolio representative of Montag & Caldwell’s fixed income strategy.

The Barclays Capital Government/Credit Bond Index and the Barclays Capital Aggregate Bond Index are unmanaged indices that are commonly used as benchmarks to measure fixed income performance and characteristics.

The investment services and products described on this site are for U.S. and Canadian persons only. This site is not to be construed as an offer or solicitation of any investment services or products to investors residing outside the United States or Canada.

This site is controlled and monitored from the United States of America and no representation is made that materials are appropriate or available for use in other locations.

Disclosure for Top Ten Holdings

References to specific securities are not intended as recommendations of said securities and carry no implications about past or future performance.