Aberdeen Core Fixed Income Fund

Fund Holdings

Name	Ticker	Security No.	Shares	Market Value	Percent
US TREASURY N/B	T 0.125 12/31/14	912828UD0	5232000	5219090.02	5.09%
US TREASURY N/B	T 2.75 08/15/42	912810QX9	2426000	2265015.02	2.21%
US TREASURY N/B	T 0.875 01/31/18	912828UJ7	2245000	2244353.82	2.19%
US TREASURY N/B	T 1.625 11/15/22	912828TY6	1632000	1585694.25	1.55%
FN AL2627	FN 5 07/01/37	3138EJ4M7	894431	974999.73	0.95%
FG A60299	FG 6.5 05/01/37	3128KQKL9	824406	925717.91	0.90%
XEROX CORPORATION	XRX 7.2 04/01/16	98412JBA1	760000	892084.96	0.87%
FN AO8034	FN 3.5 07/01/42	3138LY4U8	785826	833299.37	0.81%
FN AB6228	FN 3.5 09/01/42	31417C4N2	760639	805877.79	0.79%
FG Q14694	FG 3 01/01/43	3132HRGB0	765000	791272.09	0.77%
TENNESSEE VALLEY	TVA 3.5 12/15/42	880591EP3	800000	768176.71	0.75%
FG Q11551	FG 3.5 09/01/42	3132HMWL1	700625	740562.08	0.72%
GECMC 2007-C1 A4	GECMC 5.543 12/10/49	36159XAE0	650000	740295.51	0.72%
FN 889050	FN 6 05/01/37	31410GWK5	649674	726744.67	0.71%
IL CHICAGO TRANSIT AUTH	CHITRN 6.2 12/01/40	16772PAQ9	605000	688510.17	0.67%
FG Q09912	FG 3.5 08/01/42	3132GVKZ4	647498	687643.60	0.67%
FNR 2012-147 WN	FNR 4.5 01/25/33	3136ABDL4	601838	684803.09	0.67%
FN AB7120	FN 3 12/01/42	31417D4E0	647543	672513.67	0.66%
FG Q10154	FG 3.5 08/01/42	3132HLE33	631325	670073.50	0.65%
HSBC FINANCE CORP	HSBC 5.5 01/19/16	40429CFN7	585000	653218.22	0.64%
FHR 4097 VA	FHR 3.5 08/15/25	3137ATQU9	589568	650442.09	0.63%
US TREASURY N/B	T 0.375 01/15/16	912828UG3	626000	625572.51	0.61%
FH 1B7798	FH 0 12/01/40	3128UGBS5	585788	618259.19	0.60%
FNR 2013-12 UA	FNR 2.5 09/25/42	3136ABWQ2	575000	597221.36	0.58%
FN AB7142	FN 2.5 12/01/27	31417D5C3	572208	596170.16	0.58%
FORD MOTOR CREDIT CO LLC	F 4.207 04/15/16	345397WB5	550000	592176.90	0.58%
FN AO9937	FN 4.5 07/01/42	3138M2BF2	508303	562442.56	0.55%
INTL LEASE FINANCE CORP	AIG 6.5 09/01/14	459745FY6	510000	558237.50	0.55%
COMM 2007-C9 AM	COMM 0 12/10/49	20047RAG8	484000	555519.87	0.54%
CMLTI 2009-6 6A1	CMLTI 0 07/25/36	17315JAL6	568374	551775.26	0.54%
FHR 4134 WA	FHR 3.5 04/15/38	3137AW2P9	507643	548514.20	0.54%
JPMRR 2009-7 14A1	JPMRR 0 07/27/37	46633PBA9	552391	547005.85	0.53%
FN AP9907	FN 3.5 10/01/42	3138MEAH3	507487	541713.77	0.53%
BCAP 2009-RR6 3A1	BCAP 0 12/26/37	05531YAE2	537287	533689.22	0.52%
ABBVIE INC	ABBV 1.75 11/06/17	00287YAB5	530000	533290.62	0.52%
PENSKE TRUCK LEASING/PTL	PENSKE 3.75 05/11/17	709599AE4	495000	525194.67	0.51%
FN AR1183	FN 3 01/01/43	3138NXJ57	499114	517581.44	0.51%
FG A94362	FG 4 10/01/40	312942Z32	471686	517318.77	0.50%
FNR 2012-67 KA	FNR 3.5 05/25/41	3136A7GW6	473536	514568.21	0.50%
FN AJ7686	FN 4 12/01/41	3138E0RG6	470446	514415.39	0.50%
FHR 4057 VB	FHR 3.5 06/15/25	3137ARL20	467621	514097.07	0.50%
FHS 301 400	FHS 4 01/15/33	31283CEC6	460000	513427.08	0.50%
NEWELL RUBBERMAID INC	NWL 2 06/15/15	651229AL0	500000	510441.78	0.50%
FNR 2012-86 VC	FNR 3.5 08/25/25	3136A7PZ9	465217	509105.90	0.50%
ANHEUSER-BUSCH INBEV WOR	ABIBB 0.8 07/15/15	03523TBM9	505000	506156.23	0.49%
Cash		Cash	505378	505378.40	0.49%
CELLCO PART/VERI WIRELSS	VZW 5.55 02/01/14	92344SAP5	470000	504596.23	0.49%
FG A96374	FG 4 01/01/41	312945CK2	454440	496132.22	0.48%
FNR 2009-85 LC	FNR 4.5 10/25/49	31396Q7J2	445000	482243.39	0.47%
FN AO1797	FN 4.5 06/01/42	3138LR7K2	435195	482091.21	0.47%
SMI 2012-1A 2A1	SMI 0 01/21/55	82846GAH3	460000	481132.50	0.47%
US TREASURY N/B	T 6.25 08/15/23	912810EQ7	335000	479876.20	0.47%
FHR 4077 MP	FHR 4 08/15/40	3137ASCD4	434028	479408.88	0.47%
FN AO9950	FN 4 07/01/42	3138M2BU9	435595	477940.78	0.47%
FNR 2011-34 VA	FNR 4 06/25/22	31397Q7B8	457876	475510.81	0.46%
FN AL0825	FN 0 09/01/41	3138EG4K7	451267	475328.76	0.46%
MDST 2010-1 M	MDST 5.25 12/15/45	59560WAC1	458314	475192.78	0.46%
FN AO8719	FN 3.5 07/01/42	3138M0VM9	447265	474838.20	0.46%
FHR 4097 VT	FHR 3.5 08/15/25	3137ATR79	419032	459651.32	0.45%
FN AR3390	FN 3 01/01/43	3138W0XU8	440000	455454.47	0.44%
SEAGATE TECHNOLOGY INTL	STX 10 05/01/14	81180VAA1	413000	452235.00	0.44%
FNR 2011-6 PH	FNR 4 02/25/41	31397QUK2	420000	451403.96	0.44%
FG Q13160	FG 3.5 11/01/42	3132HPQM9	418631	448511.77	0.44%
FHR 4135 AD	FHR 2 06/15/42	3137AWAG0	442187	447781.66	0.44%
GA MEAG PROJECT J	MELPWR 6.637 04/01/57	626207YF5	370000	447660.53	0.44%
FHR 4139 PA	FHR 2.5 11/15/41	3137AWY41	432957	446504.38	0.44%
FN AI9139	FN 3 11/01/42	3138APEM6	427815	445917.00	0.44%
FNCL 3% 30YR FEB TBA	FNCL 3 02/01/43	01F030629	430000	444048.10	0.43%
FG Q09082	FG 3.5 06/01/42	3132GUM76	412693	438280.27	0.43%
TOYOTA MOTOR CREDIT CORP	TOYOTA 0.875 07/17/15	89233P6J0	435000	437416.98	0.43%
FNR 2012-84 QG	FNR 3 09/25/31	3136A7U34	410114	431403.32	0.42%
FG Q08305	FG 3.5 05/01/42	3132GTR25	401539	426435.30	0.42%
FN AI0036	FN 4.5 07/01/41	3138ADBE4	391614	423779.40	0.41%
FN AB6250	FN 4 09/01/42	31417C5L5	391946	422332.29	0.41%
STRU FT-2454 A40	STRU 4 02/01/33	BCCW6RXL2	380000	419662.50	0.41%
FHR 3980 EP	FHR 5 01/15/42	3137AKL66	360941	412494.75	0.40%
FN AK4827	FN 3.5 04/01/42	3138E9LH1	388646	411760.23	0.40%
FN 190354	FN 5.5 12/01/34	31368HMB6	371190	407274.98	0.40%
QWEST CORP	CTL 6.875 09/15/33	912920AC9	395000	406246.53	0.40%
WELLS FARGO & CO	WFC 1.5 07/01/15	94974BFE5	395000	401782.94	0.39%
LEGG MASON INC	LM 6 05/21/19	524901AQ8	360000	399397.92	0.39%
STRU FT-2446 A40	STRU 4 02/28/33	BCCW6NX80	360000	398700.00	0.39%
FN AK6769	FN 3.5 03/01/27	3138EBQX6	369562	398011.30	0.39%
FN AB7317	FN 4 12/01/42	31417EDX6	358882	397919.82	0.39%
FNR 2012-98 VA	FNR 4 07/25/25	3136A8AX8	350976	392402.90	0.38%
WFNMT 2010-A M	WFNMT 5.2 04/15/19	981464CK4	360000	392022.04	0.38%
FNR 2013-2 NP	FNR 2 02/25/43	3136AB5R0	385000	391807.68	0.38%
FNR 2012-21 PJ	FNR 4 03/25/41	3136A35Z0	357196	389629.53	0.38%
FN 555424	FN 5.5 05/01/33	31385XAZ0	353377	389497.32	0.38%
CAPITAL ONE FINANCIAL CO	COF 1 11/06/15	14040HBA2	390000	389233.69	0.38%
FN AK7900	FN 4 04/01/42	3138ECX65	349227	379139.36	0.37%
BANK OF AMERICA CORP	BAC 1.5 10/09/15	06051GER6	375000	377714.26	0.37%
FN AP3966	FN 3.5 09/01/42	3138M7MQ5	352252	376009.26	0.37%
CA BAY AREA TOLL-S1 REV	BAYTRN 6.793 04/01/30	072024NT5	290000	374425.77	0.37%
BLACKSTONE HOLDINGS FINA	BX 6.625 08/15/19	09256BAA5	305000	370835.36	0.36%
FNR 2012-38 PA	FNR 2 09/25/41	3136A42X6	363958	370305.30	0.36%
ROYAL BK SCOTLND GRP PLC	RBS 6.4 10/21/19	780097AW1	300000	363041.33	0.35%
CSMC 2009-3R 25A1	CSMC 0 07/27/36	22943YTK5	356958	359438.03	0.35%
FG Q08765	FG 3.5 06/01/42	3132GUCA0	337806	358341.12	0.35%
GENERAL ELEC CAP CORP	GE 1.625 07/02/15	36962G5Z3	350000	356237.01	0.35%
FNR 2012-137 WP	FNR 4.5 12/25/32	3136AAL94	308067	355851.32	0.35%
DAIMLER FINANCE NA	DAIGR 1.25 01/11/16	233851AT1	350000	350503.81	0.34%
FNR 2011-2 PL	FNR 4 02/25/41	31397QHU5	320000	349298.67	0.34%
FG Q10152	FG 3.5 08/01/42	3132HLEZ2	327290	348708.08	0.34%
CBS CORP	CBS 8.875 05/15/19	124857AC7	255000	347816.46	0.34%
DPABS 2012-1A A2	DPABS 5.216 01/25/42	25755TAC4	307320	347123.88	0.34%
FN AB6935	FN 3.5 11/01/42	31417DV59	323494	347080.49	0.34%
FG C91442	FG 3.5 04/01/32	3128P7S79	321589	346250.61	0.34%
FN AC8518	FN 5 12/01/39	31417VPC1	311036	344885.38	0.34%
ESA 2013-ESH7 C7	ESA 3.9017 12/05/31	30225ABU6	340000	343399.32	0.34%
FNR 2011-76 PB	FNR 2.5 04/25/39	3136A0WP8	327625	341702.01	0.33%
TEXAS INSTRUMENTS INC	TXN 0.45 08/03/15	882508AT1	340000	339231.43	0.33%
CA SAN DIEGO REGIONAL TRANSP COMM	SDGTRN 5.911 04/01/48	797400FN3	255000	336034.75	0.33%
TRANSATLANTIC HOLDINGS	Y 5.75 12/14/15	893521AA2	300000	333073.78	0.33%
GEORGIA-PACIFIC LLC	GP 8 01/15/24	373298CF3	235000	328550.11	0.32%
FG Q06531	FG 4 03/01/42	3132GRSU6	301330	325020.99	0.32%
FN AP2109	FN 4 08/01/32	3138M5KX6	290641	319894.32	0.31%
JPMORGAN CHASE	JPM 3.2 01/25/23	46625HJH4	315000	313169.64	0.31%
IBM CORP	IBM 1.95 07/22/16	459200GX3	300000	311449.05	0.30%
FN AO3007	FN 3.5 05/01/27	3138LTKV9	288717	310943.20	0.30%
GCCFC 2006-GG7 AM	GCCFC 2006-GG7 AM	20173MAG5	275000	309937.18	0.30%
FHR 4097 GT	FHR 3 10/15/31	3137ATKF8	289445	308918.05	0.30%
MSC 2003-IQ5 C	MSC 0 04/15/38	61745MTF0	300000	307372.29	0.30%
CITIGROUP INC	C 2.25 08/07/15	172967GB1	295000	305094.61	0.30%
CSMC 2009-12R 6A1	CSMC 6 05/27/37	12642MAU4	294687	303723.07	0.30%
ESA 2013-ESH7 B7	ESA 3.6039 12/05/31	30225ABS1	300000	302999.40	0.30%
FG C91482	FG 3.5 07/01/32	3128P7UF8	285699	302297.55	0.30%
FN AP5191	FN 3 09/01/27	3138M8XV0	282827	301962.07	0.29%
BOSTON SCIENTIFIC CORP	BSX 6 01/15/20	101137AK3	260000	301579.63	0.29%
ABN AMRO BANK NV	ABNANV 1.375 01/22/16	00084DAF7	300000	299827.67	0.29%
CITIGROUP INC	C 4.5 01/14/22	172967FT3	270000	296246.70	0.29%
FN AI5595	FN 5 07/01/41	3138AKGD5	267857	294914.90	0.29%
JOBSOHIO BEVERAGE-B REV	JOBDEV 4.532 01/01/35	47770VAZ3	290000	294619.70	0.29%
WFCM 2012-LC5 AS	WFCM 3.539 10/15/45	94988HAE1	280000	294258.49	0.29%
BG ENERGY CAPITAL PLC	BGGRP 2.5 12/09/15	05541VAC0	280000	293482.31	0.29%
GEMNT 2012-5 B	GEMNT 1.51 06/15/18	36159JDF5	290000	292756.77	0.29%
FN AQ6196	FN 3.5 11/01/42	3138MM3E0	274156	292646.05	0.29%
FG G14583	FG 3 10/01/27	3128MDJ46	273312	291718.76	0.28%
FG G01840	FG 5 07/01/35	3128LXBH2	267998	290930.27	0.28%
FN AK3774	FN 4 03/01/42	3138E8FQ0	267436	290399.85	0.28%
BSCMS 2007-PW17 AM	BSCMS 0 06/11/50	07388QAG4	250000	289433.73	0.28%
FN AK6972	FN 3.5 03/01/27	3138EBXA8	267670	288911.63	0.28%
JPMORGAN CHASE	JPM 3.25 09/23/22	46625HJE1	280000	283548.52	0.28%
FHR 3864 AB	FHR 4 06/15/39	3137ABBK6	261040	281891.59	0.28%
FHR 4073 VQ	FHR 4 06/15/25	3137ARYU4	252203	281766.45	0.28%
BSCMS 2006-PW13 AM	BSCMS 0 09/11/41	07388LAG5	250000	281473.17	0.27%
JPMCC 2007-CB20 AM	JPMCC 0 02/12/51	46631QAH5	240000	279291.47	0.27%
NOBLE HOLDING INTL LTD	NE 2.5 03/15/17	65504LAH0	270000	278472.72	0.27%
FN AO1877	FN 3.5 04/01/42	3138LSCP3	262670	278292.85	0.27%
GENERAL ELEC CAP CORP	GE 3.1 01/09/23	36962G6S8	280000	277127.64	0.27%
CMLTI 2009-5 7A1	CMLTI 0.5537 07/25/36	17315GAN8	278365	274052.80	0.27%
SBA TOWER TRUST	SBAC 2.933 12/15/17	78403DAC4	265000	273861.75	0.27%
JMAC 2009-R9 1A1	JMAC 0 08/26/46	47233CAA1	267793	271967.72	0.27%
FORD MOTOR CREDIT CO LLC	F 3 06/12/17	345397WD1	265000	271597.53	0.27%
JPMCC 2007-LD11 ASB	JPMCC 0 06/15/49	46631BAF2	246476	270430.58	0.26%
CSMC 2009-2R 2A5	CSMC 0 06/26/37	22944FBW8	268566	268806.60	0.26%
JPMCC 2007-CB19 ASB	JPMCC 5.70891 02/12/49	46630VAE2	243787	267907.08	0.26%
AGILENT TECHNOLOGIES INC	A 6.5 11/01/17	00846UAC5	220000	267430.90	0.26%
BARRICK GOLD CORP	ABXCN 5.25 04/01/42	067901AH1	250000	267301.00	0.26%
UTILITY CONTRACT FUNDING	UTICON 7.944 10/01/16	91802MAA8	243853	267015.84	0.26%
HMI 2011-3A A6	HMI 0 10/15/54	43641NBM5	250000	263752.24	0.26%
JABIL CIRCUIT INC	JBL 8.25 03/15/18	466313AD5	215000	263625.83	0.26%
FNR 2012-38 VK	FNR 4 02/25/25	3136A44N6	232615	258810.81	0.25%
PERMM 2011-2A 1A3	PERMM 0 07/15/42	71419GAU4	250000	258248.53	0.25%
JPMRR 2009-7 1A1	JPMRR 0 08/27/37	46633PAA0	254808	257002.63	0.25%
SHELL INTERNATIONAL FINANCE	RDSALN 2.25 01/06/23	822582AV4	265000	256597.25	0.25%
ORACLE CORP	ORCL 2.5 10/15/22	68389XAP0	260000	256556.73	0.25%
MSBAM 2013-C7 AS	MSBAM 3.214 02/15/46	61690KAG7	250000	255275.83	0.25%
CGCMT 2006-C5 AM	CGCMT 5.462 10/15/49	17310MAG5	225000	254249.03	0.25%
FN AB5959	FN 3 08/01/32	31417CTR6	243447	254051.94	0.25%
AMOT 2012-5 A	AMOT 1.54 09/15/19	02005ACW6	250000	251730.61	0.25%
NBCUNIVERSAL MEDIA LLC	CMCSA 4.375 04/01/21	63946BAE0	225000	251107.05	0.25%
MOTOR 12A A1C	MOTOR 1.286 02/25/20	620062AC3	250000	250798.33	0.24%
TOYOTA MOTOR CREDIT CORP	TOYOTA 1.25 10/05/17	89233P6S0	250000	249856.19	0.24%
BOSTON PROPERTIES LP	BXP 5.875 10/15/19	10112RAQ7	205000	247573.92	0.24%
JPMRR 2009-7 11A1	JPMRR 0 09/27/36	46633PAU6	249881	246670.49	0.24%
SMAT 2012-4US A4A	SMAT 1.25 08/14/18	83172LAD3	245000	245249.76	0.24%
RAYMOND JAMES FINANCIAL	RJF 5.625 04/01/24	754730AD1	215000	244354.81	0.24%
HUMANA INC	HUM 6.3 08/01/18	444859AU6	200000	241552.20	0.24%
FN AL1862	FN 3 04/01/27	3138EJB80	224681	239531.61	0.23%
INTERPUBLIC GROUP COS	IPG 3.75 02/15/23	460690BK5	240000	236819.48	0.23%
FG G06788	FG 5.5 10/01/35	3128M82V5	215023	235556.56	0.23%
ING US INC	INTNED 5.5 07/15/22	45685EAA4	215000	235111.20	0.23%
EATON CORP	ETN 1.5 11/02/17	900212AG6	230000	230134.63	0.22%
FORDF 2013-1 C	FORDF 1.37 01/15/18	34528QCG7	230000	229454.31	0.22%
CMLTI 2009-6 4A1	CMLTI 0 04/25/37	17315JAG7	224696	229222.91	0.22%
TEVA PHARM FIN IV BV	TEVA 3.65 11/10/21	88166JAA1	215000	228051.69	0.22%
FN AJ1472	FN 4 10/01/41	3138AST69	208318	226009.23	0.22%
FN 995049	FN 5.5 02/01/38	31416BL63	205970	225736.46	0.22%
WILLIAMS PARTNERS LP/WIL	WPZ 7.25 02/01/17	96950HAD2	180000	223488.18	0.22%
EL PASO PIPELINE PART OP	EPB 6.5 04/01/20	28370TAA7	180000	221163.42	0.22%
GENERAL ELECTRIC CAP CORP	GE 6.25 12/15/49	369622SP1	200000	219911.22	0.21%
PUBLIC SERVICE CO OF NEW	PNM 7.95 05/15/18	744499AP9	180000	219742.26	0.21%
SDART 2013-1 C	SDART 1.76 01/15/19	80283FAE6	218000	218954.48	0.21%
BG ENERGY CAPITAL PLC	BGGRP 4 10/15/21	05541VAE6	200000	218589.36	0.21%
NEWMONT MINING CORP	NEM 4.875 03/15/42	651639AP1	215000	217657.54	0.21%
ENTERGY GULF STATES	ETR 6.2 07/01/33	29364LAL6	214000	215706.15	0.21%
CF INDUSTRIES INC	CF 6.875 05/01/18	12527GAA1	170000	210042.74	0.21%
BANK OF AMERICA	BAC 2 01/11/18	06051GET2	210000	208648.25	0.20%
WILLIAMS COS INC	WMB 3.7 01/15/23	969457BU3	210000	207735.03	0.20%
XSTRATA FINANCE CANADA	XTALN 4 10/25/22	98417EAT7	205000	207094.83	0.20%
ANADARKO PETROLEUM CORP	APC 6.375 09/15/17	032511BH9	170000	205525.30	0.20%
COMET 2004-B3 B3	COMET 0 01/18/22	14041NBL4	205000	203527.05	0.20%
CF 2011-2A A	CF 0 04/07/24	165182AX4	200000	202620.26	0.20%
MEDCO HEALTH SOLUTIONS I	ESRX 7.125 03/15/18	58405UAD4	160000	202268.27	0.20%
WALGREENS CO	WAG 3.1 09/15/22	931422AH2	200000	201466.47	0.20%
FN AL0302	FN 5 04/01/24	3138EGKQ6	183838	199253.62	0.19%
FNR 2011-2 PD	FNR 4 12/25/39	31397QGZ5	185000	198865.63	0.19%
SEAGATE HDD CAYMAN	STX 6.875 05/01/20	81180WAD3	180000	198393.75	0.19%
FORD MOTOR COMPANY	F 2.375 01/16/18	34540UAA7	200000	197617.49	0.19%
FN 995050	FN 6 09/01/37	31416BL71	179558	197368.92	0.19%
FN AK2818	FN 4.5 01/01/42	3138E7DY7	176047	193477.78	0.19%
NATIONWIDE MUTUAL INSURA	NATMUT 9.375 08/15/39	638671AK3	130000	193180.41	0.19%
JPMCC 2012-PHH C	JPMCC 0 10/15/25	46639CAN5	190000	192952.00	0.19%
FNR 2012-93 VK	FNR 3.5 09/25/25	3136A8FJ4	175387	191465.37	0.19%
GENERAL ELEC CAP CORP	GE 1 01/08/16	36962G6R0	190000	190044.63	0.19%
CVS CAREMARK CORP	CVS 5.75 05/15/41	126650BX7	155000	189562.20	0.19%
ROWAN COMPANIES INC	RDC 7.875 08/01/19	779382AK6	145000	187612.32	0.18%
CA UNIV OF CA-TXBL-AD REV	UNVHGR 4.858 05/15/12	91412GHA6	180000	187253.24	0.18%
FMC TECHNOLOGIES INC	FTI 3.45 10/01/22	30249UAB7	180000	183465.60	0.18%
BERKSHIRE HATHAWAY INC	BRK 4.5 02/11/43	084670BK3	185000	183236.95	0.18%
NY PORT AUTH NY NJ REV	PORTRN 6.04 12/01/29	73358WAJ3	145000	181055.22	0.18%
JPMCC 2007-CB20 ASB	JPMCC 5.688 02/12/51	46631QAE2	164410	180507.11	0.18%
CNA FINANCIAL CORP	CNAFNL 5.85 12/15/14	126117AL4	165000	179767.84	0.18%
KKR GROUP FINANCE CO	KKR 5.5 02/01/43	48249DAA9	180000	177840.00	0.17%
CD 2005-CD1 AM	CD 5.399746 07/15/44	12513EAJ3	160000	177195.29	0.17%
SANTANDER HOLDINGS USA	SOV 3 09/24/15	80282KAB2	170000	175876.28	0.17%
JPMRR 2009-7 13A1	JPMRR 0 06/27/37	46633PAY8	175785	172796.29	0.17%
CGCMT 2007-C6 AM	CGCMT 0 12/10/49	17311QBM1	150000	170776.70	0.17%
NOBLE ENERGY INC	NBL 6 03/01/41	655044AE5	140000	169154.30	0.17%
ANHEUSER-BUSCH COS	ABIBB 4 01/17/43	035242AB2	165000	163716.56	0.16%
FHR 3793 LV	FHR 4 11/15/23	3137A5EJ9	157551	163604.73	0.16%
COMET 2006-B1 B1	COMET 0.4857 01/15/19	14041NCT6	165000	163332.40	0.16%
FN 357632	FN 5.5 10/01/34	31376KHH2	148067	162461.51	0.16%
SDART 2012-4 B	SDART 1.83 03/15/17	80282XAD0	160000	162503.89	0.16%
BLOCK FINANCIAL LLC	HRB 5.5 11/01/22	093662AE4	155000	161608.53	0.16%
LIBERTY MUTUAL GROUP	LIBMUT 6.5 05/01/42	53079EAZ7	140000	158886.70	0.16%
BANK OF AMERICA	BAC 3.3 01/11/23	06051GEU9	160000	158087.89	0.15%
INTERPUBLIC GROUP COS	IPG 10 07/15/17	460690BF6	145000	157606.94	0.15%
TYCO FLOW CONTROL FINANC	PNR 3.15 09/15/22	902134AB1	160000	157428.88	0.15%
BAFC 2009-R6 3A1	BAFC 0 01/26/37	05955DAF2	155921	156546.63	0.15%
CMLTI 09-6 11A1	CMLTI 0 05/25/37	17315JAW2	160577	155973.44	0.15%
MSBAM 2013-C7 C	MSBAM 0 02/15/46	61690KAK8	150000	153987.35	0.15%
CF INDUSTRIES INC	CF 7.125 05/01/20	12527GAB9	120000	152393.10	0.15%
JPMCC 2012-PHH D	JPMCC 0 10/15/25	46639CAR6	150000	152347.37	0.15%
UNITEDHEALTH GROUP INC	UNH 6.625 11/15/37	91324PBE1	115000	150127.68	0.15%
G2 783356	G2 6 06/20/41	36241LWR3	132566	149761.93	0.15%
SEMPRA ENERGY	SRE 2.875 10/01/22	816851AT6	150000	148904.30	0.15%
COMCAST CORP	CMCSA 4.5 01/15/43	20030NBG5	150000	147554.10	0.14%
ENERGY TRANSFER PARTNERS	ETP 6.125 02/15/17	29273RAE9	125000	147227.01	0.14%
QWEST CORP	CTL 7.25 09/15/25	912920AK1	125000	147073.74	0.14%
CONAGRA FOODS INC	CAG 1.9 01/25/18	205887BQ4	140000	140627.29	0.14%
EXELON CORP	EXC 5.625 06/15/35	30161NAC5	125000	137867.94	0.13%
SDART 2011-4 B	SDART 2.9 05/16/16	80282JAD1	134000	137724.11	0.13%
INTL PAPER CO	IP 7.95 06/15/18	460146CA9	105000	135933.56	0.13%
PENSKE TRUCK LEASING CO	PENSKE 2.875 07/17/18	709599AL8	135000	134226.46	0.13%
ENERGY TRANSFER PARTNERS	ETP 6.7 07/01/18	29273RAH2	110000	133020.40	0.13%
AMERICAN ELECTRIC POWER	AEP 1.65 12/15/17	025537AF8	130000	130271.74	0.13%
WELLPOINT INC	WLP 4.625 05/15/42	94973VAY3	130000	130045.36	0.13%
APPALACHIAN POWER CO	AEP 5.8 10/01/35	037735CE5	110000	127807.06	0.12%
PENTAIR FINANCE SA	PNR 2.65 12/01/19	709629AD1	129000	127089.35	0.12%
ZOETIS INC	ZTS 4.7 02/01/43	98978VAC7	125000	126376.84	0.12%
ENERGY TRANSFER PARTNERS	ETP 5.2 02/01/22	29273RAQ2	110000	125654.43	0.12%
INTL LEASE FINANCE CORP	AIG 6.75 09/01/16	459745GA7	105000	121340.63	0.12%
FREMF 2011-K703 B	FREMF 0 07/25/44	30263CAE2	110000	120895.32	0.12%
FG G08028	FG 6 12/01/34	3128MJA67	107860	119515.56	0.12%
AT&T INC	T 1.4 12/01/17	00206RBM3	120000	119333.21	0.12%
WESTERN POWER DISTR HLDG	PPL 7.25 12/15/17	92931DAD4	100000	118716.39	0.12%
MICROSOFT CORP	MSFT 3.5 11/15/42	594918AR5	127000	118622.15	0.12%
BSCMS 2007-PW17 AMFL	BSCMS 0 06/11/50	07388QBU2	125000	116846.88	0.11%
JPMCC 2010-CNTR A2	JPMCC 4.311 08/05/32	46636AAC6	105000	115671.62	0.11%
APACHE CORP	APA 4.75 04/15/43	037411BA2	110000	115204.99	0.11%
CARNIVAL CORP	CCL 1.2 02/05/16	143658AZ5	115000	114975.85	0.11%
SMAT 2011-2USA A4A	SMAT 2.31 04/14/17	78446KAF0	110000	113222.54	0.11%
MSBAM 2013-C7 B	MSBAM 3.769 02/15/46	61690KAH5	110000	112959.31	0.11%
JUNIPER NETWORKS INC	JNPR 5.95 03/15/41	48203RAD6	95000	108903.61	0.11%
NISOURCE FINANCE CORP	NI 5.25 02/15/43	65473QBB8	100000	108514.52	0.11%
CITIGROUP INC	C 5 09/15/14	172967CQ2	100000	107208.09	0.10%
SDART 2010-2 C	SDART 3.89 07/17/17	80282GAE5	100000	103711.19	0.10%
JEFFERIES GROUP	JEF 6.5 01/20/43	472319AM4	100000	102038.92	0.10%
CSMC 2009-3R 28A1	CSMC 0 08/27/37	22943YUB3	100048	99897.00	0.10%
TOTAL CAPITAL INTL SA	TOTAL 2.7 01/25/23	89153VAE9	100000	99395.10	0.10%
CPS 2011-A A	CPS 2.82 04/16/18	126186AA3	95803	97388.37	0.10%
EL PASO PIPELINE PART OP	EPB 5 10/01/21	28370TAE9	85000	95729.53	0.09%
HIGHMARK INC	HIMARK 6.125 05/15/41	431116AC6	95000	90654.37	0.09%
FG A81046	FG 6 08/01/38	312927ET9	77286	84877.18	0.08%
SUNOCO LOGISTICS PARTNER	SXL 3.45 01/15/23	86765BAL3	85000	84076.26	0.08%
TIME WARNER INC	TWX 6.1 07/15/40	887317AH8	70000	82979.76	0.08%
MASTR 2003-8 3A13	MASTR 5.25 09/25/33	55265KL72	81054	82109.05	0.08%
JPMRR 2009-7 2A1	JPMRR 6 02/27/37	46633PAC6	79093	81385.50	0.08%
ONCOR ELECTRIC DELIVERY	ONCRTX 4.55 12/01/41	68233JAT1	80000	81063.79	0.08%
AT&T INC	T 5.55 08/15/41	00206RBA9	67000	77336.33	0.08%
EL PASO PIPELINE PART OP	EPB 4.7 11/01/42	28370TAF6	80000	77000.73	0.08%
CARLYLE HOLDINGS FINANCE	CG 3.875 02/01/23	14309UAA0	70000	70153.39	0.07%
GENERAL ELECTRIC CAPITAL CORP	GE 5.875 01/14/38	36962G3P7	55000	64458.98	0.06%
TECK RESOURCES LIMITED	TCKBCN 6.25 07/15/41	878742AW5	50000	56483.89	0.06%
ABBVIE INC	ABBV 4.4 11/06/42	00287YAD1	55000	55791.53	0.05%
US TREASURY COLLATERAL	T 0.5 05/31/13	912828QZ6	50000	50109.67	0.05%
FHR 4029 ML	FHR 3.5 04/15/41	3137APGD6	0	1212.11	0.00%
GNR 2012-52 PM	GNR 3.5 12/20/39	38375CG79	0	815.79	0.00%
GNR 2012-16 VC	GNR 3.5 05/20/23	38378DDH5	0	611.76	0.00%
MOTEL 2012-MTL6 B	MOTEL 2.7426 10/05/25	61974PAE8	0	617.09	0.00%

Disclosure

Holdings are subject to change at any time. Holdings should not be relied upon in making investment decisions and should not be construed as research or investment advice regarding specific securities. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or in part.