40% 30% 20% <=5°A, >2% 55% 45% 40% 35% 25% 10% <=2% 45% 35% 30% 25% 10% 5% Low Diversity Collateralized Debt Obligations I iitial Rating of Underlyns Asset %of Aa A B B B Underlying Capital Suucturc(1) >70% 80% 75% 60% 50% 45% 30% <=70% >10% 7014 60% 55% 45% 35% 25% <=10%, >5% 6