FIXED INCOME STRATEGIES


Absolute Return and Opportunistic Products


DMR Mortgage Opportunity Strategy


Inception Date 5/15/2008
Benchmark High Absolute Return
Credit Quality Stressed and Distressed
Primary Sectors Senior Class RMBS

Short Tenor Opportunistic ABS Strategies


Inception Date 11/1/2007 and later
Benchmark Merrill Lynch 3 Month Libor
Credit Quality Senior Class Securities
Primary Sectors MBS, Non-Agency RMBS, Consumer ABS, and CMBS

TALF and ABS Strategy


Inception Date 7/27/2009
Benchmark Moderate / High Absolute Return
Credit Quality AAA
Primary Sectors Short Tenor CMBS



Total Return Products


Active Core


Inception Date 1/1/1996
Benchmark Barclays Aggregate Index
Credit Quality Investment Grade
Primary Sectors Treasury, Agency, Corporate Credit, Structured Credit, MBS

Limited Term


Inception Date 1/1/2002
Benchmark Barclays Aggregate Index 1-3 Years
Credit Quality Investment Grade
Primary Sectors Treasury, Agency, Corporate Credit, Structured Credit

Enhanced LIBOR Plus


Inception Date 11/1/2003
Benchmark Merrill Lynch 3 Month Libor
Primary Sectors Structured Finance and Corporate Credit

Enhanced Equity


Inception Date 7/1/2001
Benchmark S&P 500 Index
Primary Sectors Structured Finance and Corporate Credit