| OVERALL PORTFOLIO COMPOSITION (%) | |
| Cash: | 2.88 | | Stocks: | N/A | | Bonds: | 95.15 | | Other: | 1.97 |
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| TOP 10 HOLDINGS ( 10.12% OF TOTAL ASSETS) | |
| Company | Symbol | % Assets | YTD Return % | | US Treasury Note 3.25% | N/A | 2.22 | N/A | | US Treasury Note | N/A | 1.85 | N/A | | US Treasury Note 3.875% | N/A | 1.03 | N/A | | United States Treas Bds 4.5% | N/A | 0.82 | N/A | | Lb-Ubs Cmbs 2006-C6 CMO 5.372% | N/A | 0.80 | N/A | | United States Treas Bds 4.5% | N/A | 0.76 | N/A | | FNMA 4.5% | N/A | 0.74 | N/A | | Goldman Sachs Cap Ii FRN | N/A | 0.71 | N/A | | Forest City Enterprises 7.625% | N/A | 0.61 | N/A | | State Str Cap Tr Iii 8.25% | N/A | 0.58 | N/A |
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| Averages | PICYX | Category Avg | | Price/Earnings | N/A | N/A | | Price/Book | N/A | N/A | | Price/Sales | N/A | N/A | | Price/Cashflow | N/A | N/A | | Median Market Cap | N/A | 15.19B | | 3 Year Earnings Growth | N/A | 20.98% |
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| Sector | | PICYX | Category Avg | | Utilities | | N/A | N/A | | Business services | | N/A | N/A | | Financials | | N/A | N/A | | Telecommunications | | N/A | N/A | | Media | | N/A | N/A | | Consumer goods | | N/A | N/A | | Energy | | N/A | N/A | | Hardware | | N/A | N/A | | Health | | N/A | N/A | | Software | | N/A | N/A | | Consumer services | | N/A | N/A | | Industrial materials | | N/A | N/A |
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| Sector | PICYX | Category Avg | | US GOVERNMENT | N/A | N/A | | AAA | 48.70 | 56.79 | | AA | 4.90 | 4.99 | | A | 11.90 | 13.25 | | BBB | 19.50 | 17.01 | | BB | 10.60 | 3.62 | | B | 4.40 | 2.06 | | BELOW B | 0.00 | 1.01 | | OTHER | 0.00 | 1.26 |
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| Averages | PICYX | Category Avg | |
Maturity
| 6.86 | 7.08 | |
Duration
| 4.19 | 4.33 | |
Credit Quality
| A | AA |
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