Aberdeen Global Fixed Income Fund

Fund Holdings

Name	Ticker	Security No.	Shares	Market Value	Percent
SINGAPORE (GOVT OF) 3.625% 01/07/14 SGD	SIGB 3.625 07/01/14	ED5174146	1400000	1188595.50	4.17%
Cash		Cash	1185429	1185429.01	4.16%
JAPAN-275 (10 YEAR ISSUE) 1.4% 20/12/2015 JPY	JGB 1.4 12/20/15	EF2389833	70000000	797420.84	2.80%
JAPAN (GOVT OF) (20 YEAR ISSUE) 2.1% 20/06/29 112 JPY	JGB 2.1 06/20/29	EH9141712	65000000	776973.36	2.73%
BONOS Y OBLIG DEL ESTADO	SPGB 4.25 10/31/16	EI7927748	500000	706272.31	2.48%
AUSTRALIAN GOVERNMENT	ACGB 4.75 06/15/16	EI3151277	600000	668473.70	2.35%
US TREASURY N/B	T 0.75 12/31/17	912828UE8	550000	547485.67	1.92%
US TREASURY N/B	T 1.625 11/15/22	912828TY6	531000	516016.71	1.81%
EUROPEAN INVST BANK 4.75% 15/10/17 EMTN EUR	EIB 4.75 10/15/17	EG5980628	300000	482106.65	1.69%
US TREASURY N/B	T 2.75 08/15/42	912810QX9	500000	466899.15	1.64%
GERMANY (FED REP OF)	DBR 4 01/04/18	EH0047405	289000	455482.02	1.60%
US TREASURY N/B	T 0.375 01/15/16	912828UG3	442000	441767.34	1.55%
JAPAN- 105(5 YEAR ISSUE)	JGB 0.2 06/20/17	EJ2361644	40000000	439866.42	1.54%
FRANCE (GOVT OF)	FRTR 3 04/25/22	EJ0036891	280000	415923.95	1.46%
JAPAN (GOVT OF) 0.8% 20/03/14 JPY	JGB 0.8 03/20/14	EH7559816	35900000	397711.54	1.40%
CANADA-GOVT	CAN 4 06/01/17	135087YF5	350000	389611.96	1.37%
JAPAN (GOVT OF) 1.4% 20/12/18 240 JPY	JGB 1.4 12/20/18	EH6435695	33000000	387246.09	1.36%
UK TREASURY 4.25% 07/09/39 GBP	UKT 4.25 09/07/39	EH7368119	175000	330102.90	1.16%
UK TREASURY 2.75% 22/01/15 GBP	UKT 2.75 01/22/15	EI0278347	190000	315260.93	1.11%
Govt of Canada 5.75% 01/06/29 MTN CAD	CAN 5.75 06/01/29	135087WL4	210000	306665.45	1.08%
Govt of Japan 30-year 2.3 3/20/39 JPY	JGB 2.3 03/20/39	EH7911181	25000000	298595.35	1.05%
GERMANY (FED REP OF) 5.5% 04/01/31 00 EUR	DBR 5.5 01/04/31	EC3022802	145000	292213.81	1.03%
NETHERLANDS (KING OF) 3.75% 15/07/14 EUR	NETHER 3.75 07/15/14	ED3904759	200000	290708.78	1.02%
BUONI POLIENNALI DEL TES	BTPS 5.5 09/01/22	EJ0420566	180000	275037.61	0.97%
CO-OPERATIVE BANK 2.375% 23/10/15 EMTN EUR	COOPWH 2.375 10/23/15	EJ4038463	200000	272811.53	0.96%
UK TREASURY 4.25% 07/03/36 GBP	UKT 4.25 03/07/36	EC8677113	130000	246188.01	0.86%
JAPAN (GOVT OF) 1.1% 20/03/33 10 JPY	JGB 1.1 03/20/33	EC9747782	25000000	244593.45	0.86%
BELGIUM (KING OF) 4.25% 28/09/21 61 EUR	BGB 4.25 09/28/21	EI5423674	150000	240888.22	0.85%
ABN AMRO BANK NV	ABNANV 4.25 02/02/17	00084DAE0	200000	221600.39	0.78%
DNB BANK ASA	DNBNO 3.2 04/03/17	23329PAA8	200000	214371.18	0.75%
CAJA AHORROS GUIPUZCOA	KUTXAB 4.375 11/05/14	EI4504789	150000	212406.13	0.75%
Netherlands (Kingdom of) 3.25% 15/07/15 EUR	NETHER 3.25 07/15/15	ED9903094	140000	206641.89	0.73%
IPIC GMTN LTD	INTPET 1.75 11/30/15	EJ4580688	200000	201393.06	0.71%
KOREA DEVELOPMENT BANK	KDB 1 01/22/16	500630BZ0	200000	198965.00	0.70%
JAPAN (GOVT OF) (10 YEAR ISSUE) 1.3% 20/03/19 299 JPY	JGB 1.3 03/20/19	EH7440579	16000000	187384.74	0.66%
AUSTRIA (REP OF) 6.25% 15/07/27 97 6 EUR	RAGB 6.25 07/15/27	GG7292566	90000	185309.84	0.65%
ITALY (REP OF) 5% 01/09/40 EUR	BTPS 5 09/01/40	EH9691161	130000	182354.70	0.64%
SWEDEN (KING OF) 3.75% 12/08/17 1051 SEK	SGB 3.75 08/12/17	EF6843132	1000000	176166.67	0.62%
FRANCE (GOVT OF) 4.75% 25/04/35 EUR	FRTR 4.75 04/25/35	ED3871594	90000	160482.90	0.56%
TESCO 5.875% 12/09/16 EMTN EUR	TSCOLN 5.875 09/12/16	EH5383417	100000	160073.90	0.56%
TOYOTA MOTOR CREDIT CORP	TOYOTA 0.875 07/17/15	89233P6J0	158000	158974.11	0.56%
LLOYDS TSB BANK 4.625% 02/02/17 EMTN EUR	LLOYDS 4.625 02/02/17	EJ0018808	100000	157310.25	0.55%
LLOYDS TSB BANK 4.125% 06/04/16 COVB EMTN EUR	LLOYDS 4.125 04/06/16	EI6287979	100000	153491.53	0.54%
TELEKOM FINANZMANAGEMENT	TKAAV 6.375 01/29/16	EH6954083	100000	153072.86	0.54%
SOCIETE GENERALE 3.75% 01/03/17 EMTN EUR	SOCGEN 3.75 03/01/17	EJ0219695	100000	150887.85	0.53%
AMADEUS CAP MARKT	AMSSM 4.875 07/15/16	EI7360494	100000	150048.78	0.53%
SOCIETE GENERALE SFH 2.875% 14/03/19 COVB EMTN EUR	SOCSFH 2.875 03/14/19	EJ0493225	100000	148474.47	0.52%
SOCIETE GENERALE SFH 3.25% 06/06/16 COVB EMTN EUR	SOCSFH 3.25 06/06/16	EI6902460	100000	148422.68	0.52%
TELSTRA CORP 3.5% 21/09/22 EUR	TLSAU 3.5 09/21/22	EJ0952857	100000	148405.91	0.52%
KONINKLIJKE KPN NV	KPN 4.25 03/01/22	EJ0401632	100000	146728.04	0.52%
TEVA PHARMACEUTICAL FINANCE IV 2.875% 15/04/19 EMTN EUR	TEVA 2.875 04/15/19	EJ1136138	100000	144670.67	0.51%
ABBEY NATL TREASURY SERV 3.125% 30/06/14 COVB EUR	ABBEY 3.125 06/30/14	EI3041577	100000	142755.82	0.50%
ROYAL BANK OF SCOTLAND 5.25% 15/05/13 EMTN EUR	RBS 5.25 05/15/13	EH3542311	100000	142600.22	0.50%
BP CAP MRKTS 2.177% 16/02/16 EMTN EUR	BPLN 2.177 02/16/16	EJ0258115	100000	142535.51	0.50%
GERMANY (FED REP OF) 1.75% 09/10/15 158 EUR	OBL 1.75 10/09/15	EI4053506	100000	141621.14	0.50%
United Kingdom Gilt	UKT 4.25 12/07/49	EH5295793	75000	140673.62	0.49%
ITALY (REP OF) 4.5% 01/03/26 EUR	BTPS 4.5 03/01/26	EI4153199	100000	139304.14	0.49%
Australia Government Bond	ACGB 6 02/15/17	ED4972490	115000	137674.03	0.48%
BPCE 1.75% 14/03/16 EMTN EUR	BPCEGP 1.75 03/14/16	EJ3486051	100000	137622.83	0.48%
SHELL INTERNATIONAL FINANCE	RDSALN 2.25 01/06/23	822582AV4	140000	135858.94	0.48%
BASF SE	BASGR 2 12/05/22	EJ4581389	100000	132980.18	0.47%
AGENCE FRANCAISE DEVELOP	AGFRNC 4.615 12/31/49	EF5576055	100000	131299.41	0.46%
SES 4.625% 09/03/20 EMTN EUR	SESGFP 4.625 03/09/20	EI1725007	80000	129177.43	0.45%
GE CAP UK FUNDING 4.375% 31/07/19 GBP	GE 4.375 07/31/19	EJ0020002	72000	126749.88	0.44%
CITIGROUP INC	C 2.65 03/02/15	172967FY2	120000	124459.69	0.44%
JPMORGAN CHASE & CO	JPM 3.45 03/01/16	46625HHX1	115000	124329.96	0.44%
ROYAL BK OF SCOTLAND PLC	RBS 5.875 05/12/16	780097AX9	106000	115918.77	0.41%
BANK FUER ARBEIT & WIRT 6.125% 20/10/14 EMTN GBP	BAWAG 6.125 10/20/14	EC1861821	67000	115299.60	0.40%
GENERAL ELEC CAP CORP	GE 1.6 11/20/17	36962G6K5	115000	115219.49	0.40%
VALE OVERSEAS LIMITED	VALEBZ 6.25 01/23/17	91911TAG8	100000	114666.69	0.40%
COUNCIL OF EUROPE 5.625% 14/12/15 MTN AUD	COE 5.625 12/14/15	EF1905506	100000	110549.57	0.39%
POLAND (REP OF) 5.5% 25/04/15 0415 PLN	POLGB 5.5 04/25/15	EI0646675	310000	109061.24	0.38%
COMMONWEALTH BANK AUST	CBAAU 3.25 03/17/16	2027A0FR5	100000	107929.22	0.38%
EUROFIMA 6% 30/03/22 EMTN AUD	EUROF 6 03/30/22	EG2844025	90000	103546.18	0.36%
ACRE 2010-ARTA A2FL	ACRE 0 01/14/29	03063NAG2	100000	100830.85	0.35%
BUNDESREPUB. DEUTSCHLAND	DBR 2 01/04/22	EI8792380	70000	99007.19	0.35%
NATIONWIDE BLDG SOCIETY	NWIDE 6.75 07/22/20	EI3233547	60000	97290.04	0.34%
Netherlands (Kingdom of) 4.5% 15/07/15 EUR	NETHER 4.5 07/15/17	EG6293930	60000	96405.73	0.34%
FRANCE (GOVT OF) 5.5% 25/04/29 EUR	FRTR 5.5 04/25/29	GG7384272	50000	94501.96	0.33%
UK TREASURY 4% 07/03/22 GBP	UKT 4 03/07/22	EH7282005	50000	94139.50	0.33%
CVS CAREMARK CORP	CVS 5.75 05/15/41	126650BX7	75000	92070.75	0.32%
NBCUNIVERSAL MEDIA LLC	CMCSA 4.375 04/01/21	63946BAE0	82000	91670.98	0.32%
UK TREASURY 4.75% 07/09/15 GBP	UKT 4.75 09/07/15	ED1530945	50000	89600.80	0.31%
GENERAL ELEC CAP CORP	GE 3.1 01/09/23	36962G6S8	90000	89265.52	0.31%
TREASURY 4.4% 2019	IRISH 4.4 06/18/19	EH3032941	60000	86529.16	0.30%
BMW FINANCE 3.375% 14/12/18 EMTN GBP	BMW 3.375 12/14/18	EJ0003099	48000	80932.04	0.28%
PHILIP MORRIS INTL 5.75% 24/03/16 EMTN EUR	PM 5.75 03/24/16	EH7621616	50000	80605.21	0.28%
BCAP 2009-RR2 A1	BCAP 0 01/21/38	05531QAA7	78846	80042.44	0.28%
DENMARK (KING OF) 4.5% 15/11/39 DKK	DGB 4.5 11/15/39	EH6131138	300000	80025.37	0.28%
CAPITAL ONE FINANCIAL CO	COF 1 11/06/15	14040HBA2	80000	79896.73	0.28%
BANK OF AMERICA	BAC 2 01/11/18	06051GET2	80000	79577.89	0.28%
SBA TOWER TRUST	SBAC 2.933 12/15/17	78403DAC4	75000	78019.92	0.27%
ANHEUSER-BUSCH INBEV 4% 26/04/18 EMTN EUR	ABIBB 4 04/26/18	EI2239560	50000	77960.68	0.27%
INTL PAPER CO	IP 7.95 06/15/18	460146CA9	60000	77763.92	0.27%
ING BANK 6.125% FRN 29/05/23 EMTN EUR	INTNED 6.125 05/29/23	EH3740253	50000	77648.99	0.27%
AVIVA 6.875% FRN 22/05/38 EMTN EUR	AVLN 6.875 05/22/38	EH3633888	50000	77032.44	0.27%
INTL LEASE FINANCE CORP	AIG 6.5 09/01/14	459745FY6	70000	76970.83	0.27%
BOSTON SCIENTIFIC CORP	BSX 6 01/15/20	101137AK3	65000	75503.78	0.26%
BARCLAYS BANK 6% 14/01/21 EMTN EUR	BACR 6 01/14/21	EI3180771	50000	74099.56	0.26%
ITALY (REP OF) 5% 01/03/22 EUR	BTPS 5 03/01/22	EI7933985	50000	74102.24	0.26%
CATHOLIC HEALTH INITIATI	CATMED 1.6 11/01/17	14916RAB0	72000	72826.81	0.26%
NATIONWIDE BLDG SOC 3.75% 20/01/15 EUR	NWIDE 3.75 01/20/15	EI1080817	50000	71192.03	0.25%
JOBSOHIO BEVERAGE-B REV	JOBDEV 4.532 01/01/35	47770VAZ3	70000	71185.10	0.25%
BLACKSTONE HOLDINGS FINA	BX 6.625 08/15/19	09256BAA5	58000	70612.77	0.25%
CSMC 2009-8R 5A1	CSMC 0 05/26/37	12641RBN9	65732	70171.96	0.25%
GA MEAG PROJECT J	MELPWR 6.637 04/01/57	626207YF5	55000	66599.13	0.23%
FMC TECHNOLOGIES INC	FTI 3.45 10/01/22	30249UAB7	65000	66382.38	0.23%
US TREASURY N/B	T 0.125 12/31/14	912828UD0	65000	64849.78	0.23%
FNR 2011-2 PD	FNR 4 12/25/39	31397QGZ5	60000	64755.14	0.23%
PENSKE TRUCK LEASING/PTL	PENSKE 3.75 05/11/17	709599AE4	60000	63722.30	0.22%
IL CHICAGO TRANSIT AUTH	CHITRN 6.2 12/01/40	16772PAQ9	55000	62646.83	0.22%
AMERICAN INTL GROUP	AIG 4.875 09/15/16	026874CB1	55000	62494.67	0.22%
COMCAST CORP	CMCSA 4.5 01/15/43	20030NBG5	63000	62225.07	0.22%
FNCL 3% 30YR FEB TBA	FNCL 3 02/01/43	01F030629	60000	61978.50	0.22%
TIME WARNER CABLE INC	TWC 5.875 11/15/40	88732JAY4	55000	61805.44	0.22%
JPMORGAN CHASE	JPM 3.2 01/25/23	46625HJH4	62000	61770.56	0.22%
NATIONWIDE MUTUAL INSURA	NATMUT 9.375 08/15/39	638671AK3	41000	61659.30	0.22%
CBS CORP	CBS 8.875 05/15/19	124857AC7	45000	61456.43	0.22%
MAPFRE SA	MAPSM 5.921 07/24/37	EG6617310	50000	60482.34	0.21%
JPMORGAN CHASE	JPM 1.8 01/25/18	46625HJG6	60000	59884.56	0.21%
HSBC FINANCE CORP	HSBC 6.676 01/15/21	40429CGD8	50000	59739.41	0.21%
FN AJ1422	FN 5 09/01/41	3138ASSL7	53656	58615.87	0.21%
ENTERPRISE PRODS O	EPD 4.45 02/15/43	29379VAY9	60000	58483.36	0.21%
DOW CHEMICAL CO/THE	DOW 4.375 11/15/42	260543CG6	60000	58015.27	0.20%
ENERGY TRANSFER PARTNERS	ETP 5.2 02/01/22	29273RAQ2	50000	57214.98	0.20%
LIBERTY MUTUAL GROUP	LIBMUT 6.5 05/01/42	53079EAZ7	50000	56939.85	0.20%
FG Q09912	FG 3.5 08/01/42	3132GVKZ4	53552	56889.50	0.20%
NETHERLANDS GOVERNMENT	NETHER 2.25 07/15/22	EJ0062152	40000	56768.99	0.20%
ROYAL BANK OF SCOTLAND	RBS 2.55 09/18/15	780099CC9	54000	56219.98	0.20%
FN 891386	FN 5.5 10/01/35	31410MJ76	51279	56208.02	0.20%
DPABS 2012-1A A2	DPABS 5.216 01/25/42	25755TAC4	49250	55706.76	0.20%
JPMRR 2009-7 17A1	JPMRR 0 07/27/37	46633PBG6	53356	54449.09	0.19%
JPMRR 2009-7 2A1	JPMRR 6 02/27/37	46633PAC6	52728	54408.53	0.19%
HCP INC	HCP 3.75 02/01/16	40414LAC3	50000	54397.08	0.19%
AFFILIATED COMPUTER SVCS	XRX 5.2 06/01/15	008190AH3	50000	54299.26	0.19%
FG Q13160	FG 3.5 11/01/42	3132HPQM9	49837	53409.84	0.19%
ERAC USA FINANCE COMPANY	ENTERP 6.2 11/01/16	26882PAX0	45000	52950.17	0.19%
CA UNIV OF CA-TXBL-AD REV	UNVHGR 4.858 05/15/12	91412GHA6	50000	52064.79	0.18%
FG Q08305	FG 3.5 05/01/42	3132GTR25	48378	51392.87	0.18%
VERIZON COMMUNICATIONS	VZ 3.85 11/01/42	92343VBG8	55000	51023.13	0.18%
INTERPUBLIC GROUP COS	IPG 2.25 11/15/17	460690BJ8	50000	49883.78	0.18%
FN AI5595	FN 5 07/01/41	3138AKGD5	44642	49159.47	0.17%
WFNMT 2010-A M	WFNMT 5.2 04/15/19	981464CK4	45000	49032.77	0.17%
ANADARKO PETROLEUM CORP	APC 6.375 09/15/17	032511BH9	40000	48407.25	0.17%
GROUPAMA 4.375% FRN 49 EUR	CCAMA VAR 49-15	EF0038143	50000	47916.74	0.17%
FG A95803	FG 4 12/01/40	312944NU1	43263	47867.84	0.17%
FINNISH (REP OF) 3.5% 15/04/21 EUR	RFGB 3.5 04/15/21	EI5769118	30000	47672.61	0.17%
JPMORGAN CHASE N CO	JPM 5.4 01/06/42	48126BAA1	40000	47177.12	0.17%
BCAP 2009-RR6 3A1	BCAP 0 12/26/37	05531YAE2	47130	46973.94	0.16%
FN AO1877	FN 3.5 04/01/42	3138LSCP3	43778	46395.82	0.16%
FN AK4827	FN 3.5 04/01/42	3138E9LH1	43722	46336.69	0.16%
WILLIAMS COS INC	WMB 3.7 01/15/23	969457BU3	46000	45597.40	0.16%
JPMCC 2007-LD11 ASB	JPMCC 0 06/15/49	46631BAF2	41079	45137.83	0.16%
EL PASO PIPELINE PART OP	EPB 4.7 11/01/42	28370TAF6	46000	44505.42	0.16%
MEDCO HEALTH SOLUTIONS I	ESRX 7.125 03/15/18	58405UAD4	35000	44294.01	0.16%
FN 966202	FN 6 12/01/37	31414G3K3	40243	44242.04	0.16%
FNR 2012-38 PA	FNR 2 09/25/41	3136A42X6	43100	43980.87	0.15%
JABIL CIRCUIT INC	JBL 5.625 12/15/20	466313AF0	40000	43887.50	0.15%
FG Q04603	FG 4 11/01/41	3132GKX84	40204	43182.10	0.15%
JPMRR 2009-8 A1	JPMRR 0 04/20/36	46633TAA2	40981	42400.78	0.15%
JPMRR 2009-7 14A1	JPMRR 0 07/27/37	46633PBA9	42491	42177.33	0.15%
GEORGIA-PACIFIC LLC	GP 8 01/15/24	373298CF3	30000	42025.73	0.15%
FN 995228	FN 6.5 11/01/38	31416BSR0	37414	41973.27	0.15%
AETNA INC	AET 4.125 11/15/42	00817YAM0	43000	41673.13	0.15%
CSMC 2009-3R 30A1	CSMC 0 07/27/37	22943YUR8	40207	40929.98	0.14%
FG G13774	FG 5.5 12/01/20	3128MCMX0	36977	40192.01	0.14%
FN AK6972	FN 3.5 03/01/27	3138EBXA8	36294	39185.82	0.14%
TYCO FLOW CONTROL FINANC	PNR 1.875 09/15/17	902134AA3	38000	38114.36	0.13%
IPALCO ENTERPRISES INC	AES 5 05/01/18	462613AG5	35000	37887.50	0.13%
FN AI0036	FN 4.5 07/01/41	3138ADBE4	34965	37848.35	0.13%
JPMRR 2009-7 1A1	JPMRR 0 08/27/37	46633PAA0	36401	36750.90	0.13%
FG Q09082	FG 3.5 06/01/42	3132GUM76	34391	36534.11	0.13%
Forward CZECH REPUB KORUNA	MMC US	571748102	660000	34869.23	0.12%
BANK OF AMERICA	BAC 3.3 01/11/23	06051GEU9	35000	34654.34	0.12%
CSMC 2009-2R 2A5	CSMC 0 06/26/37	22944FBW8	34316	34385.49	0.12%
EL PASO PIPELINE PART OP	EPB 5 10/01/21	28370TAE9	30000	33936.89	0.12%
CSMC 2009-12R 15A1	CSMC 6 05/27/36	12642MBN9	33573	33895.74	0.12%
CITIGROUP INC	C 4.5 01/14/22	172967FT3	30000	32977.35	0.12%
FNR 2009-85 LC	FNR 4.5 10/25/49	31396Q7J2	30000	32616.12	0.11%
FHR 4134 WA	FHR 3.5 04/15/38	3137AW2P9	29861	32341.48	0.11%
CA BAY AREA TOLL-S1 REV	BAYTRN 6.793 04/01/30	072024NT5	25000	32303.08	0.11%
FN AO9950	FN 4 07/01/42	3138M2BU9	29365	32229.92	0.11%
AMERICAN ELECTRIC POWER	AEP 1.65 12/15/17	025537AF8	32000	32104.14	0.11%
FNR 2012-93 VK	FNR 3.5 09/25/25	3136A8FJ4	29231	32023.52	0.11%
FHR 4057 VB	FHR 3.5 06/15/25	3137ARL20	28925	31910.52	0.11%
FNR 2012-67 KA	FNR 3.5 05/25/41	3136A7GW6	29290	31920.64	0.11%
FG Q10152	FG 3.5 08/01/42	3132HLEZ2	29753	31710.02	0.11%
FN AJ1472	FN 4 10/01/41	3138AST69	29164	31650.43	0.11%
FHR 4097 GT	FHR 3 10/15/31	3137ATKF8	29435	31478.32	0.11%
FG Q06531	FG 4 03/01/42	3132GRSU6	29161	31462.77	0.11%
FN AP5191	FN 3 09/01/27	3138M8XV0	29257	31246.59	0.11%
FNR 2013-12 UA	FNR 2.5 09/25/42	3136ABWQ2	30000	31159.38	0.11%
FNR 2012-21 PJ	FNR 4 03/25/41	3136A35Z0	28199	30839.75	0.11%
FHR 3980 EP	FHR 5 01/15/42	3137AKL66	26736	30639.05	0.11%
FN AO8719	FN 3.5 07/01/42	3138M0VM9	28548	30317.76	0.11%
BLOCK FINANCIAL LLC	HRB 5.5 11/01/22	093662AE4	29000	30290.31	0.11%
HUMANA INC	HUM 6.3 08/01/18	444859AU6	25000	30228.84	0.11%
FG C91482	FG 3.5 07/01/32	3128P7UF8	28570	30238.69	0.11%
G2 783356	G2 6 06/20/41	36241LWR3	26513	29960.67	0.11%
SUNOCO LOGISTICS PARTNER	SXL 3.45 01/15/23	86765BAL3	30000	29735.89	0.10%
FN AE8388	FN 4.5 11/01/40	31419KKA2	25975	29147.59	0.10%
BCAP 2009-RR4 3A1	BCAP 0 04/26/37	05531RAG2	28912	28707.49	0.10%
BSCMS 2006-PW13 AM	BSCMS 0 09/11/41	07388LAG5	25000	28257.87	0.10%
GCCFC 2006-GG7 AM	GCCFC 2006-GG7 AM	20173MAG5	25000	28269.17	0.10%
FHS 301 400	FHS 4 01/15/33	31283CEC6	25000	27903.64	0.10%
FN AO3007	FN 3.5 05/01/27	3138LTKV9	25855	27853.74	0.10%
FHR 3793 LV	FHR 4 11/15/23	3137A5EJ9	26258	27323.82	0.10%
FHR 4097 VA	FHR 3.5 08/15/25	3137ATQU9	24362	26973.28	0.09%
FNR 2011-76 PB	FNR 2.5 04/25/39	3136A0WP8	25201	26288.25	0.09%
FHR 4103 DV	FHR 3 11/15/25	3137AUA41	24478	26252.41	0.09%
FG Q10154	FG 3.5 08/01/42	3132HLE33	24469	25979.49	0.09%
FN AK3774	FN 4 03/01/42	3138E8FQ0	23878	25936.00	0.09%
ROWAN COMPANIES INC	RDC 7.875 08/01/19	779382AK6	20000	25910.67	0.09%
FN AR3390	FN 3 01/01/43	3138W0XU8	25000	25885.91	0.09%
FN 890149	FN 6.5 10/01/38	31410K5J9	23192	25882.63	0.09%
FHR 4139 PA	FHR 2.5 11/15/41	3137AWY41	24882	25733.84	0.09%
FNR 2013-2 NP	FNR 2 02/25/43	3136AB5R0	25000	25442.06	0.09%
FN AO8034	FN 3.5 07/01/42	3138LY4U8	23958	25412.97	0.09%
FHR 4135 AD	FHR 2 06/15/42	3137AWAG0	24841	25248.51	0.09%
NY PORT AUTH NY NJ REV	PORTRN 6.04 12/01/29	73358WAJ3	20000	24993.13	0.09%
FN AL1862	FN 3 04/01/27	3138EJB80	23404	24958.52	0.09%
FG C91293	FG 5 03/01/30	3128P7NJ8	22645	24477.17	0.09%
FN AL2627	FN 5 07/01/37	3138EJ4M7	22139	24137.12	0.08%
FG C91442	FG 3.5 04/01/32	3128P7S79	22332	24052.16	0.08%
BSCMS 2007-PW17 AMFL	BSCMS 0 06/11/50	07388QBU2	25000	23460.08	0.08%
COMM 2007-C9 AM	COMM 0 12/10/49	20047RAG8	20000	23085.74	0.08%
GECMC 2007-C1 A4	GECMC 5.543 12/10/49	36159XAE0	20000	22894.12	0.08%
CGCMT 2007-C6 AM	CGCMT 0 12/10/49	17311QBM1	20000	22872.57	0.08%
STRU FT-2446 A40	STRU 4 02/28/33	BCCW6NX80	20000	22150.00	0.08%
STRU FT-2454 A40	STRU 4 02/01/33	BCCW6RXL2	20000	22087.50	0.08%
FG Q11164	FG 4 09/01/42	3132HMJH5	19873	21814.46	0.08%
FHR 4073 VQ	FHR 4 06/15/25	3137ARYU4	19400	21745.71	0.08%
FN AB6935	FN 3.5 11/01/42	31417DV59	19907	21365.01	0.08%
FN AP3966	FN 3.5 09/01/42	3138M7MQ5	19845	21189.81	0.07%
FN AI9139	FN 3 11/01/42	3138APEM6	19898	20746.55	0.07%
SANTANDER HOLDINGS USA	SOV 3 09/24/15	80282KAB2	20000	20704.30	0.07%
FN AB5959	FN 3 08/01/32	31417CTR6	19475	20330.25	0.07%
BSCMS 2005-PWR9 AAB	BSCMS 4.804 09/11/42	07387BAG8	18810	19636.99	0.07%
FN 889050	FN 6 05/01/37	31410GWK5	17324	19382.55	0.07%
GERMANY (FED REP OF) 4.25% 04/07/39 07 EUR	DBR 4.25 07/04/39	EG1209048	10000	19022.66	0.07%
FN AK2818	FN 4.5 01/01/42	3138E7DY7	16376	18003.04	0.06%
CARNIVAL CORP	CCL 1.2 02/05/16	143658AZ5	18000	17996.22	0.06%
JUNIPER NETWORKS INC	JNPR 5.95 03/15/41	48203RAD6	15000	17256.26	0.06%
FN 995049	FN 5.5 02/01/38	31416BL63	15518	17009.98	0.06%
FN AP2109	FN 4 08/01/32	3138M5KX6	14778	16270.43	0.06%
FHR 4077 MP	FHR 4 08/15/40	3137ASCD4	14630	16202.88	0.06%
FN 888367	FN 7 03/01/37	31410F6C4	13997	16192.07	0.06%
FHR 4097 VT	FHR 3.5 08/15/25	3137ATR79	14617	16091.80	0.06%
FN AQ6196	FN 3.5 11/01/42	3138MM3E0	14953	15967.19	0.06%
FNR 2012-86 VC	FNR 3.5 08/25/25	3136A7PZ9	14538	15964.75	0.06%
FRANCE (GOVT OF) 4% 25/10/38 EUR	FRTR 4 10/25/38	EF6625018	10000	15897.45	0.06%
FG G14583	FG 3 10/01/27	3128MDJ46	14641	15632.36	0.05%
FN AB6250	FN 4 09/01/42	31417C5L5	14516	15646.47	0.05%
CSMC 2009-3R 28A1	CSMC 0 08/27/37	22943YUB3	15632	15640.17	0.05%
FNR 2012-84 QG	FNR 3 09/25/31	3136A7U34	14646	15439.23	0.05%
FNR 2011-34 VA	FNR 4 06/25/22	31397Q7B8	12958	13484.80	0.05%
WBCMT 2006-C29 AM	WBCMT 5.339 11/15/48	92978PAH2	10000	11357.85	0.04%
CGCMT 2006-C5 AM	CGCMT 5.462 10/15/49	17310MAG5	10000	11351.28	0.04%
CD 2005-CD1 AM	CD 5.399746 07/15/44	12513EAJ3	10000	11097.84	0.04%
FN 890101	FN 6 02/01/39	31410K3J1	9710	10863.60	0.04%
FN AO9937	FN 4.5 07/01/42	3138M2BF2	9681	10716.22	0.04%
WFCM 2012-LC5 AS	WFCM 3.539 10/15/45	94988HAE1	10000	10575.50	0.04%
MSBAM 2013-C7 AS	MSBAM 3.214 02/15/46	61690KAG7	10000	10211.03	0.04%
SDART 2013-1 C	SDART 1.76 01/15/19	80283FAE6	7000	7036.99	0.02%
FN AR1183	FN 3 01/01/43	3138NXJ57	4991	5177.38	0.02%
FNR 2011-6 PH	FNR 4 02/25/41	31397QUK2	0	216.67	0.00%
GNR 2012-52 PM	GNR 3.5 12/20/39	38375CG79	0	70.33	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.