Aberdeen Core Fixed Income Fund

Fund Holdings

Name	Ticker	Security No.	Shares	Market Value	Percent
US TREASURY N/B	T 2.75 08/15/42	912810QX9	3661000	3573180.77	3.43%
US TREASURY N/B	T 0.25 11/30/14	912828TZ3	3340000	3340864.33	3.21%
FNCL 3% 30YR JAN 13 TBA	FNCL 3 01/01/43	01F030611	1040000	1089725.00	1.05%
FN AL2627	FN 5 07/01/37	3138EJ4M7	932374	1019704.81	0.98%
FG A60299	FG 6.5 05/01/37	3128KQKL9	876297	988361.36	0.95%
XEROX CORPORATION	XRX 7.2 04/01/16	98412JBA1	760000	886443.48	0.85%
FN AO8034	FN 3.5 07/01/42	3138LY4U8	798754	857841.63	0.82%
FN AB6228	FN 3.5 09/01/42	31417C4N2	764028	819113.46	0.79%
TENNESSEE VALLEY	TVA 3.5 12/15/42	880591EP3	800000	795772.98	0.76%
FGLMC 3% 30YR JAN 13 TBA	FGLMC 3 01/01/43	02R030616	755000	789328.94	0.76%
FN 889050	FN 6 05/01/37	31410GWK5	685404	768808.72	0.74%
FG Q11551	FG 3.5 09/01/42	3132HMWL1	701707	750353.30	0.72%
GECMC 2007-C1 A4	GECMC 5.543 12/10/49	36159XAE0	650000	745030.76	0.72%
FN AK6299	FN 4 03/01/42	3138EA7M3	674904	734898.02	0.71%
FG Q09912	FG 3.5 08/01/42	3132GVKZ4	650379	702174.16	0.67%
IL CHICAGO TRANSIT AUTH	CHITRN 6.2 12/01/40	16772PAQ9	605000	687241.68	0.66%
FG Q10154	FG 3.5 08/01/42	3132HLE33	632311	680098.88	0.65%
HSBC FINANCE CORP	HSBC 5.5 01/19/16	40429CFN7	585000	668189.93	0.64%
FHR 4097 VA	FHR 3.5 08/15/25	3137ATQU9	592672	661022.79	0.64%
FN AO2099	FN 4 05/01/42	3138LSKM1	603265	649538.51	0.62%
FH 1B7798	FH 0 12/01/40	3128UGBS5	603628	637016.64	0.61%
FORD MOTOR CREDIT CO LLC	F 4.207 04/15/16	345397WB5	550000	591523.59	0.57%
FNCI 2.5% 15 YR JAN TBA	FNCI 2.5 01/01/28	01F022410	565000	590778.13	0.57%
FN AO9937	FN 4.5 07/01/42	3138M2BF2	512908	571381.46	0.55%
CMLTI 2009-6 6A1	CMLTI 0 07/25/36	17315JAL6	588223	559066.59	0.54%
FHR 4134 WA	FHR 3.5 04/15/38	3137AW2P9	508837	556283.48	0.53%
COMM 2007-C9 AM	COMM 0 12/10/49	20047RAG8	484000	555685.40	0.53%
INTL LEASE FINANCE CORP	AIG 6.5 09/01/14	459745FY6	510000	555475.00	0.53%
JPMRR 2009-7 14A1	JPMRR 0 07/27/37	46633PBA9	558732	553454.29	0.53%
FN AP9907	FN 3.5 10/01/42	3138MEAH3	508400	550933.99	0.53%
Cash		Cash	548358	548358.15	0.53%
BCAP 2009-RR6 3A1	BCAP 0 12/26/37	05531YAE2	544325	540530.57	0.52%
ABBVIE INC	ABBV 1.75 11/06/17	00287YAB5	530000	537130.30	0.52%
FG A94362	FG 4 10/01/40	312942Z32	479780	529085.26	0.51%
FN AJ7686	FN 4 12/01/41	3138E0RG6	476551	525317.25	0.50%
FHR 4057 VB	FHR 3.5 06/15/25	3137ARL20	470126	524187.11	0.50%
PENSKE TRUCK LEASING/PTL	PENSKE 3.75 05/11/17	709599AE4	495000	520531.77	0.50%
FNR 2012-67 KA	FNR 3.5 05/25/41	3136A7GW6	475832	518196.66	0.50%
FNR 2012-86 VC	FNR 3.5 08/25/25	3136A7PZ9	467699	517957.51	0.50%
ANHEUSER-BUSCH INBEV WOR	ABIBB 0.8 07/15/15	03523TBM9	505000	508172.75	0.49%
NEWELL RUBBERMAID INC	NWL 2 06/15/15	651229AL0	500000	507638.44	0.49%
WELLS FARGO & CO	WFC 1.5 07/01/15	94974BFE5	495000	507323.36	0.49%
CELLCO PART/VERI WIRELSS	VZW 5.55 02/01/14	92344SAP5	470000	504248.43	0.48%
FG A96374	FG 4 01/01/41	312945CK2	457644	502815.36	0.48%
MET LIFE GLOB FUNDING I	MET 1.7 06/29/15	59217GAV1	490000	500232.40	0.48%
FN AO8719	FN 3.5 07/01/42	3138M0VM9	465918	500072.26	0.48%
UNILEVER CAP CORP	UNANA 0.45 07/30/15	904764AN7	500000	498997.25	0.48%
FNR 2009-85 LC	FNR 4.5 10/25/49	31396Q7J2	445000	497505.11	0.48%
FN AL0825	FN 0 09/01/41	3138EG4K7	466035	492755.19	0.47%
GNR 2012-3 LA	GNR 3.5 03/20/38	38378CM46	461580	491386.37	0.47%
US TREASURY N/B	T 6.25 08/15/23	912810EQ7	335000	488214.71	0.47%
FN AO1797	FN 4.5 06/01/42	3138LR7K2	435837	486477.63	0.47%
FHR 4077 MP	FHR 4 08/15/40	3137ASCD4	436182	485836.23	0.47%
FN AO9950	FN 4 07/01/42	3138M2BU9	437180	484102.88	0.47%
SMI 2012-1A 2A1	SMI 0 01/21/55	82846GAH3	460000	482078.99	0.46%
FNR 2011-34 VA	FNR 4 06/25/22	31397Q7B8	461270	481655.26	0.46%
MDST 2010-1 M	MDST 5.25 12/15/45	59560WAC1	462068	479156.98	0.46%
FHR 4097 VT	FHR 3.5 08/15/25	3137ATR79	421238	467238.04	0.45%
FG Q03019	FG 4 09/01/41	3132GJAU3	421502	463105.61	0.44%
FG Q13160	FG 3.5 11/01/42	3132HPQM9	419385	456192.22	0.44%
FNR 2011-6 PH	FNR 4 02/25/41	31397QUK2	420000	454001.66	0.44%
FN AI9139	FN 3 11/01/42	3138APEM6	428530	453190.81	0.44%
TEXAS INSTRUMENTS INC	TXN 0.45 08/03/15	882508AT1	454000	452518.38	0.43%
FHR 4135 AD	FHR 2 06/15/42	3137AWAG0	443882	452016.70	0.43%
SEAGATE TECHNOLOGY INTL	STX 10 05/01/14	81180VAA1	413000	451374.58	0.43%
FHR 4029 ML	FHR 3.5 04/15/41	3137APGD6	418708	450161.36	0.43%
GA MEAG PROJECT J	MELPWR 6.637 04/01/57	626207YF5	370000	448107.93	0.43%
FG Q09082	FG 3.5 06/01/42	3132GUM76	413362	446281.82	0.43%
AMOT 2012-5 A	AMOT 1.54 09/15/19	02005ACW6	440000	441868.44	0.42%
TOYOTA MOTOR CREDIT CORP	TOYOTA 0.875 07/17/15	89233P6J0	435000	438504.58	0.42%
FNR 2012-84 QG	FNR 3 09/25/31	3136A7U34	411552	436311.49	0.42%
FG Q08305	FG 3.5 05/01/42	3132GTR25	403950	436119.93	0.42%
FN AI0036	FN 4.5 07/01/41	3138ADBE4	395991	431359.70	0.41%
FN AB6250	FN 4 09/01/42	31417C5L5	392582	427480.35	0.41%
FN 190354	FN 5.5 12/01/34	31368HMB6	388753	427089.02	0.41%
FN AK4827	FN 3.5 04/01/42	3138E9LH1	391685	419925.36	0.40%
FNR 2011-124 JM	FNR 4 02/25/41	3136A2L50	378128	419741.97	0.40%
FHR 3980 EP	FHR 5 01/15/42	3137AKL66	364566	416783.83	0.40%
ANGLO AMERICAN CAPITAL	AALLN 2.625 04/03/17	034863AE0	400000	409905.87	0.39%
FN 555424	FN 5.5 05/01/33	31385XAZ0	369016	407251.63	0.39%
QWEST CORP	CTL 6.875 09/15/33	912920AC9	395000	404971.01	0.39%
FN AK6769	FN 3.5 03/01/27	3138EBQX6	374366	404421.30	0.39%
FN AB7317	FN 4 12/01/42	31417EDX6	359469	403218.48	0.39%
FNR 2012-98 VA	FNR 4 07/25/25	3136A8AX8	352793	397852.53	0.38%
FNR 2012-21 PJ	FNR 4 03/25/41	3136A35Z0	359834	395036.52	0.38%
LEGG MASON INC	LM 6 05/21/19	524901AQ8	360000	390500.52	0.38%
WFNMT 2010-A M	WFNMT 5.2 04/15/19	981464CK4	360000	389516.80	0.37%
CAPITAL ONE FINANCIAL CO	COF 1 11/06/15	14040HBA2	390000	389278.41	0.37%
FN AK7900	FN 4 04/01/42	3138ECX65	349738	383122.57	0.37%
CSMC 2009-3R 25A1	CSMC 0 07/27/36	22943YTK5	379512	382475.50	0.37%
FN AP3966	FN 3.5 09/01/42	3138M7MQ5	352891	382414.39	0.37%
BANK OF AMERICA CORP	BAC 1.5 10/09/15	06051GER6	375000	378183.01	0.36%
FNR 2012-38 PA	FNR 2 09/25/41	3136A42X6	366018	374388.59	0.36%
CA BAY AREA TOLL-S1 REV	BAYTRN 6.793 04/01/30	072024NT5	290000	373520.73	0.36%
FG Q08765	FG 3.5 06/01/42	3132GUCA0	341959	367058.35	0.35%
SBA TOWER TRUST	SBAC 4.254 04/15/15	78403DAA8	345000	363021.19	0.35%
BLACKSTONE HOLDINGS FINA	BX 6.625 08/15/19	09256BAA5	305000	360946.39	0.35%
BP CAPITAL MARKETS PLC	BPLN 1.846 05/05/17	05565QBY3	350000	358800.94	0.34%
GENERAL ELEC CAP CORP	GE 1.625 07/02/15	36962G5Z3	350000	358635.85	0.34%
FNR 2012-137 WP	FNR 4.5 12/25/32	3136AAL94	309020	358497.09	0.34%
FG C91442	FG 3.5 04/01/32	3128P7S79	328421	357757.52	0.34%
FN AC8518	FN 5 12/01/39	31417VPC1	320021	355997.16	0.34%
FNR 2011-2 PL	FNR 4 02/25/41	31397QHU5	320000	355374.83	0.34%
FG Q10152	FG 3.5 08/01/42	3132HLEZ2	327836	354969.53	0.34%
FN AB6935	FN 3.5 11/01/42	31417DV59	324374	354148.07	0.34%
DPABS 2012-1A A2	DPABS 5.216 01/25/42	25755TAC4	308490	349623.34	0.34%
FNR 2011-76 PB	FNR 2.5 04/25/39	3136A0WP8	334041	347372.00	0.33%
CBS CORP	CBS 8.875 05/15/19	124857AC7	255000	346825.57	0.33%
CITIGROUP INC	C 2.25 08/07/15	172967GB1	335000	346097.88	0.33%
CA SAN DIEGO REGIONAL TRANSP COMM	SDGTRN 5.911 04/01/48	797400FN3	255000	340842.56	0.33%
GEORGIA-PACIFIC LLC	GP 8 01/15/24	373298CF3	235000	337236.96	0.32%
TRANSATLANTIC HOLDINGS	Y 5.75 12/14/15	893521AA2	300000	332283.98	0.32%
WESTPAC BANKING CORP	WSTP 4.875 11/19/19	961214BK8	280000	328255.62	0.32%
FG Q06531	FG 4 03/01/42	3132GRSU6	301812	327829.96	0.32%
TIME WARNER CABLE INC	TWC 4 09/01/21	88732JBA5	295000	327744.51	0.31%
FN AP2109	FN 4 08/01/32	3138M5KX6	291515	324990.16	0.31%
FN AO3007	FN 3.5 05/01/27	3138LTKV9	295223	318924.67	0.31%
IBM CORP	IBM 1.95 07/22/16	459200GX3	300000	314365.05	0.30%
NBC UNIVERSAL MEDIA	CMCSA 2.875 01/15/23	63946BAH3	310000	313448.15	0.30%
GCCFC 2006-GG7 AM	GCCFC 2006-GG7 AM	20173MAG5	275000	310722.59	0.30%
BOSTON SCIENTIFIC CORP	BSX 6 01/15/20	101137AK3	260000	310471.11	0.30%
FG C91482	FG 3.5 07/01/32	3128P7UF8	289453	310244.08	0.30%
FHR 4097 GT	FHR 3 10/15/31	3137ATKF8	290626	310133.75	0.30%
MSC 2003-IQ5 C	MSC 0 04/15/38	61745MTF0	300000	308000.86	0.30%
PRUDENTIAL FINANCIAL INC	PRU 5.625 06/15/43	744320AM4	295000	307644.44	0.30%
CSMC 2009-12R 6A1	CSMC 6 05/27/37	12642MAU4	298267	307371.41	0.30%
CITIGROUP INC	C 4.5 01/14/22	172967FT3	270000	306876.33	0.29%
FN AP5191	FN 3 09/01/27	3138M8XV0	284305	305192.77	0.29%
FNR 2008-85 EB	FNR 5 09/25/28	31397MPW1	280002	305078.13	0.29%
FG G01840	FG 5 07/01/35	3128LXBH2	279805	303652.33	0.29%
FN AI5595	FN 5 07/01/41	3138AKGD5	272925	302071.50	0.29%
GNR 2012-52 PM	GNR 3.5 12/20/39	38375CG79	281219	301506.47	0.29%
MIZUHO CORP BANK LTD	MIZUHO 2.95 10/17/22	60688QAD7	300000	298136.37	0.29%
GNR 2011-45 VE	GNR 4.5 04/20/22	38377Q2B2	287975	297874.75	0.29%
FN AQ6196	FN 3.5 11/01/42	3138MM3E0	274582	297554.44	0.29%
FN AK3774	FN 4 03/01/42	3138E8FQ0	271139	296917.80	0.29%
FG G14583	FG 3 10/01/27	3128MDJ46	274858	295011.41	0.28%
FN AK6972	FN 3.5 03/01/27	3138EBXA8	271633	294085.86	0.28%
BANK OF MONTREAL	BMO 2.55 11/06/22	06366RJJ5	295000	293198.68	0.28%
BG ENERGY CAPITAL PLC	BGGRP 2.5 12/09/15	05541VAC0	280000	292695.42	0.28%
GEMNT 2012-5 B	GEMNT 1.51 06/15/18	36159JDF5	290000	292434.58	0.28%
JPMORGAN CHASE	JPM 3.25 09/23/22	46625HJE1	280000	290790.62	0.28%
FHR 3864 AB	FHR 4 06/15/39	3137ABBK6	264941	287990.28	0.28%
FHR 4073 VQ	FHR 4 06/15/25	3137ARYU4	253513	285930.66	0.27%
BSCMS 2007-PW17 AM	BSCMS 0 06/11/50	07388QAG4	250000	285030.08	0.27%
ROYAL BANK OF SCOTLAND	RBS 2.55 09/18/15	780099CC9	275000	283444.10	0.27%
LIFE TECHNOLOGIES CORP	LIFE 6 03/01/20	53217VAC3	235000	283219.89	0.27%
FN AO1877	FN 3.5 04/01/42	3138LSCP3	263105	282075.11	0.27%
NOBLE HOLDING INTL LTD	NE 2.5 03/15/17	65504LAH0	270000	280637.49	0.27%
BSCMS 2006-PW13 AM	BSCMS 0 09/11/41	07388LAG5	250000	280425.17	0.27%
JPMCC 2007-CB20 AM	JPMCC 0 02/12/51	46631QAH5	240000	279451.28	0.27%
FHR 3835 VC	FHR 4 06/15/22	3137A9XY7	263187	279046.12	0.27%
BARRICK GOLD CORP	ABXCN 5.25 04/01/42	067901AH1	250000	278217.75	0.27%
CMLTI 2009-5 7A1	CMLTI 0.5597 07/25/36	17315GAN8	283412	277134.06	0.27%
SBA TOWER TRUST	SBAC 2.933 12/15/17	78403DAC4	265000	276139.69	0.27%
JPMCC 2007-LD11 ASB	JPMCC 0 06/15/49	46631BAF2	251068	275424.44	0.26%
BLOCK FINANCIAL LLC	HRB 5.5 11/01/22	093662AE4	265000	275319.45	0.26%
CSMC 2009-2R 2A5	CSMC 0 06/26/37	22944FBW8	272893	273226.16	0.26%
MOTEL 2012-MTL6 B	MOTEL 2.7426 10/05/25	61974PAE8	270000	273197.21	0.26%
JPMCC 2007-CB19 ASB	JPMCC 5.71056 02/12/49	46630VAE2	247808	273064.31	0.26%
FORD MOTOR CREDIT CO LLC	F 3 06/12/17	345397WD1	265000	272687.21	0.26%
RAYMOND JAMES FINANCIAL	RJF 5.625 04/01/24	754730AD1	240000	272021.40	0.26%
GENERAL ELECTRIC	GE 0.85 10/09/15	369604BE2	270000	271474.50	0.26%
JMAC 2009-R9 1A1	JMAC 0 08/26/46	47233CAA1	271591	270363.87	0.26%
WFNMT 2012-A A	WFNMT 3.14 01/17/23	981464CW8	249000	269916.38	0.26%
AGILENT TECHNOLOGIES INC	A 6.5 11/01/17	00846UAC5	220000	268328.57	0.26%
UTILITY CONTRACT FUNDING	UTICON 7.944 10/01/16	91802MAA8	243853	266032.14	0.26%
HMI 2011-3A A6	HMI 0 10/15/54	43641NBM5	250000	264228.47	0.25%
ORACLE CORP	ORCL 2.5 10/15/22	68389XAP0	260000	263534.01	0.25%
FNR 2012-38 VK	FNR 4 02/25/25	3136A44N6	233872	262788.81	0.25%
SHELL INTERNATIONAL FINANCE	RDSALN 2.25 01/06/23	822582AV4	265000	262216.57	0.25%
JPMRR 2009-7 1A1	JPMRR 0 08/27/37	46633PAA0	259316	261611.18	0.25%
PERMM 2011-2A 1A3	PERMM 0 07/15/42	71419GAU4	250000	258888.47	0.25%
FN AB5959	FN 3 08/01/32	31417CTR6	245224	258723.21	0.25%
NBCUNIVERSAL MEDIA LLC	CMCSA 4.375 04/01/21	63946BAE0	225000	255212.89	0.25%
CGCMT 2006-C5 AM	CGCMT 5.462 10/15/49	17310MAG5	225000	254214.16	0.24%
COMMONWEALTH BK AUSTR NY	CBAAU 1.25 09/18/15	20271RAB6	250000	253625.60	0.24%
TOYOTA MOTOR CREDIT CORP	TOYOTA 1.25 10/05/17	89233P6S0	250000	252524.78	0.24%
MOTOR 12A A1C	MOTOR 1.286 02/25/20	620062AC3	250000	250761.83	0.24%
PENSKE TRUCK LEASING CO	PENSKE 2.5 03/15/16	709599AJ3	245000	247259.34	0.24%
BOSTON PROPERTIES LP	BXP 5.875 10/15/19	10112RAQ7	205000	246985.80	0.24%
JPMRR 2009-7 11A1	JPMRR 0 09/27/36	46633PAU6	250369	246919.73	0.24%
FG G06788	FG 5.5 10/01/35	3128M82V5	225166	246315.21	0.24%
DIRECTV HOLDINGS/FING	DTV 5.875 10/01/19	25459HAU9	205000	245309.87	0.24%
SMAT 2012-4US A4A	SMAT 1.25 08/14/18	83172LAD3	245000	245141.56	0.24%
FNR 2010-56 BD	FNR 5 12/25/38	31398RK46	225000	243475.80	0.23%
FN AL1862	FN 3 04/01/27	3138EJB80	226647	242802.89	0.23%
INTERPUBLIC GROUP COS	IPG 3.75 02/15/23	460690BK5	240000	241965.32	0.23%
ING US INC	INTNED 5.5 07/15/22	45685EAA4	215000	238837.84	0.23%
HUMANA INC	HUM 6.3 08/01/18	444859AU6	200000	237617.20	0.23%
CMLTI 2009-6 4A1	CMLTI 0 04/25/37	17315JAG7	230772	235804.00	0.23%
FN 995049	FN 5.5 02/01/38	31416BL63	214642	235540.72	0.23%
FN AJ1472	FN 4 10/01/41	3138AST69	215167	235413.41	0.23%
GNR 2012-16 VC	GNR 3.5 05/20/23	38378DDH5	211152	233571.22	0.22%
ROYAL BK SCOTLND GRP PLC	RBS 6.4 10/21/19	780097AW1	200000	232628.89	0.22%
NOVARTIS CAPITAL CORP	NOVNVX 2.4 09/21/22	66989HAE8	230000	232153.64	0.22%
TEVA PHARM FIN IV BV	TEVA 3.65 11/10/21	88166JAA1	215000	231211.61	0.22%
EATON CORP	ETN 1.5 11/02/17	900212AG6	230000	230862.81	0.22%
NEWMONT MINING CORP	NEM 4.875 03/15/42	651639AP1	215000	224517.23	0.22%
WILLIAMS PARTNERS LP/WIL	WPZ 7.25 02/01/17	96950HAD2	180000	224106.72	0.22%
RIO TINTO FIN USA LTD	RIOLN 6.5 07/15/18	767201AC0	175000	223666.49	0.21%
EL PASO PIPELINE PART OP	EPB 6.5 04/01/20	28370TAA7	180000	222404.22	0.21%
BG ENERGY CAPITAL PLC	BGGRP 4 10/15/21	05541VAE6	200000	222122.69	0.21%
ENTERGY GULF STATES	ETR 6.2 07/01/33	29364LAL6	214000	221232.99	0.21%
BP CAPITAL MARKETS PLC	BPLN 1.375 11/06/17	05565QCC0	220000	220656.19	0.21%
PUBLIC SERVICE CO OF NEW	PNM 7.95 05/15/18	744499AP9	180000	220542.00	0.21%
GENERAL ELECTRIC CAP CORP	GE 6.25 12/15/49	369622SP1	200000	218351.56	0.21%
WILLIAMS COS INC	WMB 3.7 01/15/23	969457BU3	210000	212097.92	0.20%
CF INDUSTRIES INC	CF 6.875 05/01/18	12527GAA1	170000	209622.13	0.20%
XSTRATA FINANCE CANADA	XTALN 4 10/25/22	98417EAT7	205000	208719.38	0.20%
FN 995050	FN 6 09/01/37	31416BL71	189162	208042.74	0.20%
FN AL0302	FN 5 04/01/24	3138EGKQ6	190941	207553.08	0.20%
RABOBANK NEDERLAND UTREC	RABOBK 3.375 01/19/17	21686CAD2	190000	206999.97	0.20%
ANADARKO PETROLEUM CORP	APC 6.375 09/15/17	032511BH9	170000	206255.19	0.20%
RBS CITIZENS FIN GRP	RBSCFG 4.15 09/28/22	75524RAA7	200000	206233.97	0.20%
ANZ NATIONAL BANK	ANZNZ 1.85 10/15/15	00182EAQ2	200000	205315.39	0.20%
JPMORGAN CHASE & CO	JPM 4.35 08/15/21	46625HJC5	180000	204240.66	0.20%
WALGREENS CO	WAG 3.1 09/15/22	931422AH2	200000	203594.00	0.20%
COMET 2004-B3 B3	COMET 0 01/18/22	14041NBL4	205000	203252.02	0.20%
MEDCO HEALTH SOLUTIONS I	ESRX 7.125 03/15/18	58405UAD4	160000	202796.03	0.19%
CF 2011-2A A	CF 0 04/07/24	165182AX4	200000	202733.19	0.19%
GENERAL ELEC CAP CORP	GE 1 12/11/15	36962G6M1	200000	200910.36	0.19%
FNR 2011-2 PD	FNR 4 12/25/39	31397QGZ5	185000	200116.97	0.19%
FNR 2012-93 VK	FNR 3.5 09/25/25	3136A8FJ4	176315	194939.14	0.19%
CVS CAREMARK CORP	CVS 5.75 05/15/41	126650BX7	155000	194122.97	0.19%
FN AK2818	FN 4.5 01/01/42	3138E7DY7	176286	193926.25	0.19%
SEAGATE HDD CAYMAN	STX 6.875 05/01/20	81180WAD3	180000	193537.50	0.19%
JPMCC 2012-PHH C	JPMCC 0 10/15/25	46639CAN5	190000	192546.83	0.19%
CA UNIV OF CA-TXBL-AD REV	UNVHGR 4.858 05/15/12	91412GHA6	180000	190912.94	0.18%
BLACKSTONE HLDGS FINA	BX 4.75 02/15/23	09256BAD9	175000	189129.08	0.18%
NATIONWIDE MUTUAL INSURA	NATMUT 9.375 08/15/39	638671AK3	130000	187524.57	0.18%
FMC TECHNOLOGIES INC	FTI 3.45 10/01/22	30249UAB7	180000	185440.74	0.18%
JPMCC 2007-CB20 ASB	JPMCC 5.688 02/12/51	46631QAE2	167196	184151.38	0.18%
NY PORT AUTH NY NJ REV	PORTRN 6.04 12/01/29	73358WAJ3	145000	183941.68	0.18%
CNA FINANCIAL CORP	CNAFNL 5.85 12/15/14	126117AL4	165000	179566.53	0.17%
US TREASURY N/B	T 0.25 12/15/15	912828UC2	180000	179486.60	0.17%
JPMRR 2009-7 13A1	JPMRR 0 06/27/37	46633PAY8	181895	178710.06	0.17%
JPMCC 2007-LD12 A4	JPMCC 0 02/15/51	46632HAD3	150000	177661.00	0.17%
CD 2005-CD1 AM	CD 5.399746 07/15/44	12513EAJ3	160000	176640.36	0.17%
FREMF 2012-K501 C	FREMF 0 11/25/46	30290EAS4	177000	175090.88	0.17%
SANTANDER HOLDINGS USA	SOV 3 09/24/15	80282KAB2	170000	174491.80	0.17%
NATIONAL OILWELL VARCO	NOV 2.6 12/01/22	637071AJ0	170000	172889.85	0.17%
NOBLE ENERGY INC	NBL 6 03/01/41	655044AE5	140000	171444.84	0.16%
CGCMT 2007-C6 AM	CGCMT 0 12/10/49	17311QBM1	150000	170813.80	0.16%
WELLS FARGO & CO	WFC 1.5 01/16/18	94974BFG0	170000	170314.22	0.16%
FN 357632	FN 5.5 10/01/34	31376KHH2	153501	168638.98	0.16%
MARATHON PETROLEUM CORP	MPC 5.125 03/01/21	56585AAD4	140000	167149.27	0.16%
FHR 3793 LV	FHR 4 11/15/23	3137A5EJ9	158522	165765.48	0.16%
SCANA CORPORATION	SCG 4.75 05/15/21	80589MAD4	150000	165703.57	0.16%
INTERPUBLIC GROUP COS	IPG 10 07/15/17	460690BF6	145000	165098.61	0.16%
AETNA INC	AET 2.75 11/15/22	008117AP8	165000	164322.19	0.16%
COMET 2006-B1 B1	COMET 0.489 01/15/19	14041NCT6	165000	163235.29	0.16%
TYCO FLOW CONTROL FINANC	PNR 3.15 09/15/22	902134AB1	160000	161274.32	0.16%
BAFC 2009-R6 3A1	BAFC 0 01/26/37	05955DAF2	160796	160928.33	0.15%
CMLTI 09-6 11A1	CMLTI 0 05/25/37	17315JAW2	163875	159155.77	0.15%
LIBERTY MUTUAL GROUP	LIBMUT 6.5 05/01/42	53079EAZ7	140000	159021.99	0.15%
G2 783356	G2 6 06/20/41	36241LWR3	139019	155844.68	0.15%
UNITEDHEALTH GROUP INC	UNH 6.625 11/15/37	91324PBE1	115000	153064.92	0.15%
CF INDUSTRIES INC	CF 7.125 05/01/20	12527GAB9	120000	152449.56	0.15%
ONCOR ELECTRIC DELIVERY	ONCRTX 4.55 12/01/41	68233JAT1	150000	152402.35	0.15%
JPMCC 2012-PHH D	JPMCC 0 10/15/25	46639CAR6	150000	152028.10	0.15%
SEMPRA ENERGY	SRE 2.875 10/01/22	816851AT6	150000	151525.58	0.15%
US TREASURY N/B	T 0.625 11/30/17	912828UA6	150000	149578.57	0.14%
ENERGY TRANSFER PARTNERS	ETP 6.125 02/15/17	29273RAE9	125000	147546.11	0.14%
QWEST CORP	CTL 7.25 09/15/25	912920AK1	125000	147508.53	0.14%
SDART 2011-4 B	SDART 2.9 05/16/16	80282JAD1	134000	137593.46	0.13%
WFCM 2012-LC5 AS	WFCM 3.539 10/15/45	94988HAE1	130000	137306.93	0.13%
ENERGY TRANSFER PARTNERS	ETP 6.7 07/01/18	29273RAH2	110000	136224.99	0.13%
INTL PAPER CO	IP 7.95 06/15/18	460146CA9	105000	136117.73	0.13%
WELLPOINT INC	WLP 4.625 05/15/42	94973VAY3	130000	135034.34	0.13%
SHELL INTERNATIONAL FIN	RDSALN 2.375 08/21/22	822582AS1	130000	131723.20	0.13%
APPALACHIAN POWER CO	AEP 5.8 10/01/35	037735CE5	110000	131395.99	0.13%
AMERICAN ELECTRIC POWER	AEP 1.65 12/15/17	025537AF8	130000	130622.35	0.13%
PENTAIR FINANCE SA	PNR 2.65 12/01/19	709629AD1	129000	127985.72	0.12%
ENERGY TRANSFER PARTNERS	ETP 5.2 02/01/22	29273RAQ2	110000	127861.65	0.12%
ROWAN COMPANIES INC	RDC 7.875 08/01/19	779382AK6	100000	126757.95	0.12%
MICROSOFT CORP	MSFT 3.5 11/15/42	594918AR5	127000	123450.48	0.12%
ANGLO AMER CAP	AALLN 2.625 09/27/17	034863AF7	120000	123285.62	0.12%
APACHE CORP	APA 4.75 04/15/43	037411BA2	110000	120849.83	0.12%
FG G08028	FG 6 12/01/34	3128MJA67	108888	120335.45	0.12%
AT&T INC	T 1.4 12/01/17	00206RBM3	120000	120115.89	0.12%
WELLPOINT IN	WLP 3.3 01/15/23	94973VBA4	115000	119160.71	0.11%
WESTERN POWER DISTR HLDG	PPL 7.25 12/15/17	92931DAD4	100000	118895.52	0.11%
ENTERGY MISSISSIPPI INC	ETR 3.1 07/01/23	29364NAR9	120000	118655.55	0.11%
GNR 2009-13 ND	GNR 4.5 02/16/33	38374TMP6	112821	117631.58	0.11%
INVESCO FINANCE INC	IVZ 3.125 11/30/22	46132FAA8	115000	116689.55	0.11%
JPMCC 2010-CNTR A2	JPMCC 4.311 08/05/32	46636AAC6	105000	116608.33	0.11%
ERAC USA FINANCE LLC	ENTERP 1.4 04/15/16	26884TAJ1	115000	116110.97	0.11%
SDART 2012-3 A3	SDART 1.08 04/15/16	80282WAC4	115000	115828.69	0.11%
AZ GLENDALE S/T REV FSA	GLEDEV 6.077 07/01/25	378294DL3	95000	113144.53	0.11%
SMAT 2011-2USA A4A	SMAT 2.31 04/14/17	78446KAF0	110000	112804.76	0.11%
BSCMS 2007-PW17 AMFL	BSCMS 0 06/11/50	07388QBU2	125000	111820.07	0.11%
JUNIPER NETWORKS INC	JNPR 5.95 03/15/41	48203RAD6	95000	109844.84	0.11%
NISOURCE FINANCE CORP	NI 5.25 02/15/43	65473QBB8	100000	108723.52	0.10%
CITIGROUP INC	C 5 09/15/14	172967CQ2	100000	106681.02	0.10%
HIGHMARK INC	HIMARK 6.125 05/15/41	431116AC6	110000	106582.34	0.10%
CSMC 2009-3R 28A1	CSMC 0 08/27/37	22943YUB3	104577	104472.59	0.10%
SDART 2010-2 C	SDART 3.89 07/17/17	80282GAE5	100000	103584.49	0.10%
TOTAL CAPITAL INTL SA	TOTAL 2.7 01/25/23	89153VAE9	100000	102592.80	0.10%
CPS 2011-A A	CPS 2.82 04/16/18	126186AA3	99462	100970.46	0.10%
ENTERPRISE PRODUCTS OPER	EPD 4.85 08/15/42	29379VAW3	90000	98250.68	0.09%
EL PASO PIPELINE PART OP	EPB 5 10/01/21	28370TAE9	85000	97389.94	0.09%
FG A81046	FG 6 08/01/38	312927ET9	82635	90508.78	0.09%
TIME WARNER INC	TWX 6.1 07/15/40	887317AH8	70000	86719.20	0.08%
MASTR 2003-8 3A13	MASTR 5.25 09/25/33	55265KL72	82686	83762.40	0.08%
AT&T INC	T 5.55 08/15/41	00206RBA9	67000	81813.08	0.08%
JPMRR 2009-7 2A1	JPMRR 6 02/27/37	46633PAC6	79093	81318.75	0.08%
EL PASO PIPELINE PART OP	EPB 4.7 11/01/42	28370TAF6	80000	78989.40	0.08%
JABIL CIRCUIT INC	JBL 8.25 03/15/18	466313AD5	55000	68161.04	0.07%
GENERAL ELECTRIC CAPITAL CORP	GE 5.875 01/14/38	36962G3P7	55000	67842.80	0.07%
JPMORGAN CHASE & CO	JPM 3.45 03/01/16	46625HHX1	60000	64410.66	0.06%
TECK RESOURCES LIMITED	TCKBCN 6.25 07/15/41	878742AW5	50000	60254.22	0.06%
ABBVIE INC	ABBV 4.4 11/06/42	00287YAD1	55000	58828.65	0.06%
AMAZON.COM INC	AMZN 2.5 11/29/22	023135AJ5	59000	58282.69	0.06%
US TREASURY COLLATERAL	T 0.5 05/31/13	912828QZ6	50000	50102.08	0.05%
US TREASURY N/B	T 1.625 11/15/22	912828TY6	50000	49558.59	0.05%

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.