Sector portfolio allocations reflect net exposure to each sector through direct investments in securities and credit default swap agreements. Credit default swaps are weighted using notional value. Negative sector weightings may result from the use of derivatives and from unsettled trade positions. These sector allocations may change over time without notice and are not recommendations to buy or sell.
^Credit Quality and Sector Allocation tables include exposures achieved through credit default swaps. Such exposures are reflected based on the notional value (rather than the market value) of the swaps, with exposures weighted negatively when the fund has purchased credit protection and positively when the Fund has sold credit protection. “Other” reflects an offset to (i.e., the inverse of) such notional amounts.