Primary: Deeply discounted residential MBS (60 – 100% of the portfolio*)
Secondary: Deeply discounted other ABS such as - manufactured housing, autos, franchise, airplane, commercial real estate, REITs and/or credit default swaps (0 – 40% of the portfolio*)
Largest holdings typically 1.5 – 5% of portfolio
*Allocation ranges are dependent on market conditions and opportunities and may deviate accordingly.
|Weighted Average Life||8.68 Years|
|# of Holdings||261|
|Yield to Maturity||7.68%|