Aberdeen Core Fixed Income Fund

Fund Holdings

Name	Ticker	Security No.	Shares	Market Value	Percent
US TREASURY N/B	T 0.25 08/31/14	912828TL4	6860000	6862806.35	6.31%
US TREASURY N/B	T 3 05/15/42	912810QW1	3978000	4169765.54	3.83%
US TREASURY N/B	T 0.625 08/31/17	912828TM2	1996000	1998315.80	1.84%
US TREASURY N/B	T 1.625 08/15/22	912828TJ9	1295000	1296270.92	1.19%
US TREASURY N/B	T 1 08/31/19	912828TN0	1080000	1078224.86	0.99%
FG A60299	FG 6.5 05/01/37	3128KQKL9	879966	995008.97	0.91%
XEROX CORPORATION	XRX 7.2 04/01/16	98412JBA1	760000	911379.84	0.84%
FN AO8034	FN 3.5 07/01/42	3138LY4U8	814906	882257.72	0.81%
FNCL 3.5% 30YR OCT TBA	FNCL 3.5 10/01/42	01F0326A7	750000	804375.00	0.74%
FNR 2012-58 LC	FNR 3.5 10/25/39	3136A6JH8	749000	789886.91	0.73%
FG Q11551	FG 3.5 09/01/42	3132HMWL1	705000	759435.49	0.70%
FNCL 3% 30YR OCT TBA	FNCL 3 10/01/42	01F0306A1	710000	749493.75	0.69%
FN AK6299	FN 4 03/01/42	3138EA7M3	677961	743160.00	0.68%
GECMC 2007-C1 A4	GECMC 5.543 12/10/49	36159XAE0	650000	741394.01	0.68%
FG Q09912	FG 3.5 08/01/42	3132GVKZ4	660524	715654.26	0.66%
Cash		Cash	712559	712559.30	0.66%
IL CHICAGO TRANSIT AUTH	CHITRN 6.2 12/01/40	16772PAQ9	605000	699692.58	0.64%
FG Q10154	FG 3.5 08/01/42	3132HLE33	644047	696795.18	0.64%
FN AO2099	FN 4 05/01/42	3138LSKM1	634929	687258.74	0.63%
FNR 2005-33 QD	FNR 5 01/25/34	31394CN99	624000	664750.11	0.61%
NY NYC MUN WTR REV	NYCUTL 5.44 06/15/43	64972FT63	470000	606919.36	0.56%
JPMRR 2009-7 14A1	JPMRR 0 07/27/37	46633PBA9	611629	606490.06	0.56%
FN AD0308	FN 5 03/01/35	31418MKW1	538936	594534.55	0.55%
FORD MOTOR CREDIT CO LLC	F 4.207 04/15/16	345397WB5	550000	593527.52	0.55%
CMLTI 2009-6 6A1	CMLTI 0 07/25/36	17315JAL6	625736	588931.54	0.54%
HSBC FINANCE CORP	HSBC 5.5 01/19/16	40429CFN7	525000	586192.95	0.54%
BCAP 2009-RR6 3A1	BCAP 0 12/26/37	05531YAE2	581743	580747.32	0.53%
FN AO9937	FN 4.5 07/01/42	3138M2BF2	519724	578141.69	0.53%
FN AD0114	FN 5 07/01/37	31418MDU3	510178	562809.75	0.52%
FG A94362	FG 4 10/01/40	312942Z32	504466	558717.17	0.51%
FN AJ7686	FN 4 12/01/41	3138E0RG6	493478	544019.11	0.50%
FNCI 3% 15YR OCT TBA	FNCI 3 10/01/27	01F0304A3	510000	540600.00	0.50%
COMM 2007-C9 AM	COMM 0 12/10/49	20047RAG8	484000	533571.44	0.49%
FHR 4057 VB	FHR 3.5 06/15/25	3137ARL20	477595	527990.29	0.49%
FG A96374	FG 4 01/01/41	312945CK2	477270	527105.36	0.48%
CITIGROUP INC	C 4.45 01/10/17	172967FW6	470000	520943.54	0.48%
FGCI 3% 15YR OCT TBA	FGCI 3 10/01/27	02R0304A8	490000	517179.71	0.48%
GENERAL ELEC CAP CORP	GE 1.625 07/02/15	36962G5Z3	505000	515861.73	0.47%
PENSKE TRUCK LEASING/PTL	PENSKE 3.75 05/11/17	709599AE4	495000	515017.97	0.47%
NEWELL RUBBERMAID INC	NWL 2 06/15/15	651229AL0	500000	509585.22	0.47%
FN AO8719	FN 3.5 07/01/42	3138M0VM9	468480	508665.93	0.47%
ANHEUSER-BUSCH INBEV WOR	ABIBB 0.8 07/15/15	03523TBM9	505000	507954.59	0.47%
WELLS FARGO & CO	WFC 1.5 07/01/15	94974BFE5	495000	505267.13	0.46%
GNR 2012-3 LA	GNR 3.5 03/20/38	38378CM46	471149	504485.81	0.46%
CELLCO PART/VERI WIRELSS	VZW 5.55 02/01/14	92344SAP5	470000	504286.97	0.46%
MET LIFE GLOB FUNDING I	MET 1.7 06/29/15	59217GAV1	490000	501931.72	0.46%
G2 769101	G2 4 07/20/41	36176LGJ8	452471	498716.28	0.46%
UNILEVER CAP CORP	UNANA 0.45 07/30/15	904764AN7	500000	498593.75	0.46%
FN AO1797	FN 4.5 06/01/42	3138LR7K2	445945	497880.71	0.46%
FNR 2011-34 VA	FNR 4 06/25/22	31397Q7B8	471385	496239.57	0.46%
FNR 2009-85 LC	FNR 4.5 10/25/49	31396Q7J2	445000	495745.13	0.46%
FHR 4077 MP	FHR 4 08/15/40	3137ASCD4	441888	491496.20	0.45%
FN AO9950	FN 4 07/01/42	3138M2BU9	441958	489985.05	0.45%
MDST 2010-1 M	MDST 5.25 12/15/45	59560WAC1	469224	486849.52	0.45%
FN 190354	FN 5.5 12/01/34	31368HMB6	438097	485719.27	0.45%
FN AI0036	FN 4.5 07/01/41	3138ADBE4	439981	480222.73	0.44%
SMI 2012-1A 2A1	SMI 0 01/21/55	82846GAH3	460000	479046.93	0.44%
FNR 2012-44 GA	FNR 4 05/25/42	3136A5B54	443906	477221.18	0.44%
FHR 4097 VT	FHR 3.5 08/15/25	3137ATR79	427819	476070.64	0.44%
SEAGATE TECHNOLOGY INTL	STX 10 05/01/14	81180VAA1	413000	470475.83	0.43%
FG Q03019	FG 4 09/01/41	3132GJAU3	424416	468732.50	0.43%
FHR 4017 MA	FHR 3 03/15/41	3137AMHK6	454090	464835.51	0.43%
FN 555424	FN 5.5 05/01/33	31385XAZ0	415321	462803.58	0.43%
FHR 4029 ML	FHR 3.5 04/15/41	3137APGD6	427482	460841.02	0.42%
FHR 4097 VA	FHR 3.5 08/15/25	3137ATQU9	412895	458190.59	0.42%
FNR 2011-6 PH	FNR 4 02/25/41	31397QUK2	420000	457667.42	0.42%
CANADIAN IMPERIAL BANK	CM 0.9 10/01/15	136069ET4	455000	455966.88	0.42%
TEXAS INSTRUMENTS INC	TXN 0.45 08/03/15	882508AT1	454000	452935.60	0.42%
FG Q09082	FG 3.5 06/01/42	3132GUM76	415341	450006.82	0.41%
BANGKOK BANK PUB CO	BBLTB 3.875 09/27/22	059895AN2	450000	449747.80	0.41%
FN AO8638	FN 4 07/01/42	3138M0S43	408208	444786.49	0.41%
FNR 2012-84 QG	FNR 3 09/25/31	3136A7U34	417161	444287.79	0.41%
FNR 2012-32 CY	FNR 3.5 04/25/42	3136A4U72	420845	443561.73	0.41%
FG Q08305	FG 3.5 05/01/42	3132GTR25	408941	443073.42	0.41%
GA MEAG PROJECT J	MELPWR 6.637 04/01/57	626207YF5	370000	442022.35	0.41%
FN AB6250	FN 4 09/01/42	31417C5L5	404428	440667.53	0.41%
US TREASURY N/B	T 0.25 09/15/15	912828TP5	440000	439292.26	0.40%
TOYOTA MOTOR CREDIT CORP	TOYOTA 0.875 07/17/15	89233P6J0	435000	437883.18	0.40%
FNR 2011-124 JM	FNR 4 02/25/41	3136A2L50	388391	434587.08	0.40%
FN AK6769	FN 3.5 03/01/27	3138EBQX6	400468	431582.18	0.40%
FHR 3980 EP	FHR 5 01/15/42	3137AKL66	375591	429124.29	0.39%
FN AK4827	FN 3.5 04/01/42	3138E9LH1	395076	425321.19	0.39%
FN AB3690	FN 4 10/01/41	31417AC49	387713	424505.60	0.39%
AMERICAN HONDA FINANCE	HNDA 1.45 02/27/15	02666QK69	415000	422165.58	0.39%
FNR 2012-67 KA	FNR 3.5 05/25/41	3136A7GW6	386796	421712.38	0.39%
CSMC 2009-3R 25A1	CSMC 0 07/27/36	22943YTK5	416753	420651.96	0.39%
ANGLO AMERICAN CAPITAL	AALLN 2.625 04/03/17	034863AE0	400000	409860.83	0.38%
FNR 2012-98 VA	FNR 4 07/25/25	3136A8AX8	358207	404246.47	0.37%
RIO TINTO FIN USA PLC	RIOLN 1.625 08/21/17	76720AAE6	400000	401525.02	0.37%
WFNMT 2012-A A	WFNMT 3.14 01/17/23	981464CW8	369000	399556.36	0.37%
FNR 2012-21 PJ	FNR 4 03/25/41	3136A35Z0	367087	395395.35	0.36%
FN AK7900	FN 4 04/01/42	3138ECX65	357323	393864.10	0.36%
WFNMT 2010-A M	WFNMT 5.2 04/15/19	981464CK4	360000	392591.92	0.36%
PERNOD-RICARD SA	RIFP 4.45 01/15/22	714264AD0	350000	389146.96	0.36%
FG Q08765	FG 3.5 06/01/42	3132GUCA0	356375	385675.39	0.35%
CA BAY AREA TOLL-S1 REV	BAYTRN 6.793 04/01/30	072024NT5	290000	379318.55	0.35%
FN AC8518	FN 5 12/01/39	31417VPC1	344954	377791.78	0.35%
FG C91442	FG 3.5 04/01/32	3128P7S79	344813	375316.23	0.34%
FNR 2011-76 PB	FNR 2.5 04/25/39	3136A0WP8	353733	367304.91	0.34%
FN AK6866	FN 4 04/01/42	3138EBTY1	333391	366747.26	0.34%
JPMORGAN CHASE & CO	JPM 4.35 08/15/21	46625HJC5	330000	365552.99	0.34%
BP CAPITAL MARKETS PLC	BPLN 1.846 05/05/17	05565QBY3	350000	360093.65	0.33%
FNR 2008-85 EB	FNR 5 09/25/28	31397MPW1	329330	358940.02	0.33%
FG Q10152	FG 3.5 08/01/42	3132HLEZ2	329452	357361.74	0.33%
FG G12121	FG 5.5 04/01/21	3128M1G60	324023	355779.31	0.33%
BLACKSTONE HOLDINGS FINA	BX 6.625 08/15/19	09256BAA5	305000	354490.00	0.33%
FN AO3007	FN 3.5 05/01/27	3138LTKV9	328096	353587.04	0.33%
CBS CORP	CBS 8.875 05/15/19	124857AC7	255000	350350.05	0.32%
FNR 2011-2 PL	FNR 4 02/25/41	31397QHU5	320000	349822.19	0.32%
CA SAN DIEGO REGIONAL TRANSP COMM	SDGTRN 5.911 04/01/48	797400FN3	255000	349392.08	0.32%
FG G01840	FG 5 07/01/35	3128LXBH2	319398	348434.11	0.32%
CITIGROUP INC	C 2.25 08/07/15	172967GB1	335000	341241.06	0.31%
TRANSATLANTIC HOLDINGS	Y 5.75 12/14/15	893521AA2	300000	338431.88	0.31%
JPMCC 2007-LD11 A4	JPMCC 0 06/15/49	46631BAE5	290000	337118.68	0.31%
AGRIBANK FCB	AGRIBK 9.125 07/15/19	00850LAA2	250000	336594.72	0.31%
WESTPAC BANKING CORP	WSTP 1.125 09/25/15	961214BW2	335000	335718.74	0.31%
FG Q06531	FG 4 03/01/42	3132GRSU6	306299	335027.11	0.31%
TIME WARNER CABLE INC	TWC 4 09/01/21	88732JBA5	295000	326245.32	0.30%
GEORGIA-PACIFIC LLC	GP 8 01/15/24	373298CF3	235000	324743.66	0.30%
WESTPAC BANKING CORP	WSTP 4.875 11/19/19	961214BK8	280000	324691.64	0.30%
FG C91482	FG 3.5 07/01/32	3128P7UF8	297913	321568.30	0.30%
CSMC 2009-12R 6A1	CSMC 6 05/27/37	12642MAU4	311046	320481.68	0.29%
IBM CORP	IBM 1.95 07/22/16	459200GX3	300000	314453.55	0.29%
FHR 4097 GT	FHR 3 10/15/31	3137ATKF8	293858	313740.03	0.29%
MARATHON OIL CORP	MRO 6 10/01/17	565849AD8	250000	313301.25	0.29%
GNR 2011-45 VE	GNR 4.5 04/20/22	38377Q2B2	294182	312132.55	0.29%
FN AI5595	FN 5 07/01/41	3138AKGD5	280255	311313.38	0.29%
COMMONWEALTH BK AUSTR NY	CBAAU 1.9 09/18/17	20271RAC4	310000	310894.69	0.29%
NBC UNIVERSAL MEDIA	CMCSA 2.875 01/15/23	63946BAH3	310000	310275.90	0.29%
MSC 2003-IQ5 C	MSC 0 04/15/38	61745MTF0	300000	310033.89	0.29%
INTL LEASE FINANCE CORP	AIG 6.5 09/01/14	459745FY6	285000	307918.75	0.28%
GNR 2012-52 PM	GNR 3.5 12/20/39	38375CG79	285222	307347.51	0.28%
FN AK3774	FN 4 03/01/42	3138E8FQ0	277213	305151.79	0.28%
CSMC 2009-2R 2A5	CSMC 0 06/26/37	22944FBW8	306951	304961.75	0.28%
AUST & NZ BANKING GRP NY	ANZ 1.875 10/06/17	05253JAA9	300000	302935.10	0.28%
FN AK6972	FN 3.5 03/01/27	3138EBXA8	278693	302837.35	0.28%
FHR 3864 AB	FHR 4 06/15/39	3137ABBK6	276773	301447.79	0.28%
BG ENERGY CAPITAL PLC	BGGRP 2.5 12/09/15	05541VAC0	280000	295051.34	0.27%
FHR 4073 VQ	FHR 4 06/15/25	3137ARYU4	257418	292441.96	0.27%
GEMNT 2012-5 B	GEMNT 1.51 06/15/18	36159JDF5	290000	292377.16	0.27%
JPMCC 2007-LD11 ASB	JPMCC 0 06/15/49	46631BAF2	265753	291944.36	0.27%
UTILITY CONTRACT FUNDING	UTICON 7.944 10/01/16	91802MAA8	260693	289090.45	0.27%
FN AO1877	FN 3.5 04/01/42	3138LSCP3	267780	288279.94	0.26%
JPMCC 2007-CB19 ASB	JPMCC 5.90109 02/12/49	46630VAE2	262149	287860.04	0.26%
FHR 3835 VC	FHR 4 06/15/22	3137A9XY7	268866	286787.06	0.26%
CMLTI 2009-5 7A1	CMLTI 0.5665 07/25/36	17315GAN8	303361	285493.27	0.26%
JPMORGAN CHASE	JPM 3.25 09/23/22	46625HJE1	280000	284067.26	0.26%
FG G06788	FG 5.5 10/01/35	3128M82V5	256580	283357.41	0.26%
BARRICK GOLD CORP	ABXCN 5.25 04/01/42	067901AH1	250000	283182.58	0.26%
HMI 2012-1A A2	HMI 0 10/15/54	43641NBP8	275000	282992.49	0.26%
LIFE TECHNOLOGIES CORP	LIFE 6 03/01/20	53217VAC3	235000	280692.46	0.26%
TOTAL CAPITAL INTL SA	TOTAL 1.5 02/17/17	89153VAA7	275000	280398.90	0.26%
BSCMS 2006-PW13 AM	BSCMS 0 09/11/41	07388LAG5	250000	279115.92	0.26%
NOBLE HOLDING INTL LTD	NE 2.5 03/15/17	65504LAH0	270000	278791.23	0.26%
JMAC 2009-R9 1A1	JMAC 0 08/26/46	47233CAA1	279824	278704.06	0.26%
ROYAL BANK OF SCOTLAND	RBS 2.55 09/18/15	780099CC9	275000	278562.03	0.26%
BSCMS 2007-PW17 AM	BSCMS 0 06/11/50	07388QAG4	250000	275719.04	0.25%
AGILENT TECHNOLOGIES INC	A 6.5 11/01/17	00846UAC5	220000	275173.43	0.25%
JPMRR 2009-7 1A1	JPMRR 0 08/27/37	46633PAA0	275287	273660.91	0.25%
ESA 2010-ESHA B	ESA 4.2206 11/05/27	30224XAL8	270000	272549.12	0.25%
FORD MOTOR CREDIT CO LLC	F 3 06/12/17	345397WD1	265000	272148.46	0.25%
RAYMOND JAMES FINANCIAL	RJF 5.625 04/01/24	754730AD1	240000	271256.22	0.25%
FNR 2012-38 VK	FNR 4 02/25/25	3136A44N6	237618	269563.51	0.25%
JPMCC 2007-CB20 AM	JPMCC 0 02/12/51	46631QAH5	240000	268141.61	0.25%
FN 995049	FN 5.5 02/01/38	31416BL63	241989	267991.55	0.25%
FN AB5959	FN 3 08/01/32	31417CTR6	248569	264768.18	0.24%
SHELL INTERNATIONAL FIN	RDSALN 2.375 08/21/22	822582AS1	260000	263156.89	0.24%
GENERAL ELEC CAP CORP	GE 3.15 09/07/22	36962G6F6	260000	261712.10	0.24%
HMI 2011-3A A6	HMI 0 10/15/54	43641NBM5	250000	261034.62	0.24%
NBCUNIVERSAL MEDIA LLC	CMCSA 4.375 04/01/21	63946BAE0	225000	260057.48	0.24%
PERMM 2011-2A 1A3	PERMM 0 07/15/42	71419GAU4	250000	258842.41	0.24%
ADT CORP	ADT 2.25 07/15/17	00101JAA4	250000	258654.75	0.24%
CAMERON INTL CORP	CAM 1.6 04/30/15	13342BAH8	250000	254921.39	0.23%
NATIONAL AUSTRALIA BANK	NAB 1.6 08/07/15	63254AAC2	250000	253115.00	0.23%
JPMRR 2009-7 11A1	JPMRR 0 09/27/36	46633PAU6	256579	253035.13	0.23%
BOSTON PROPERTIES LP	BXP 5.875 10/15/19	10112RAQ7	205000	250729.82	0.23%
COMMONWEALTH BK AUSTR NY	CBAAU 1.25 09/18/15	20271RAB6	250000	250775.35	0.23%
MOTOR 12A A1C	MOTOR 1.286 02/25/20	620062AC3	250000	250531.92	0.23%
FN AJ1472	FN 4 10/01/41	3138AST69	227184	249858.05	0.23%
CGCMT 2006-C5 AM	CGCMT 5.462 10/15/49	17310MAG5	225000	249649.81	0.23%
DIRECTV HOLDINGS/FING	DTV 5.875 10/01/19	25459HAU9	205000	247152.72	0.23%
FNR 2012-86 VC	FNR 3.5 08/25/25	3136A7PZ9	222703	246788.33	0.23%
PENSKE TRUCK LEASING CO	PENSKE 2.5 03/15/16	709599AJ3	245000	245004.12	0.23%
CMLTI 2009-6 4A1	CMLTI 0 04/25/37	17315JAG7	240074	244217.73	0.22%
FG Q04017	FG 4 10/01/41	3132GKDW3	222529	244274.79	0.22%
FN 995050	FN 6 09/01/37	31416BL71	217893	242256.25	0.22%
FNR 2010-56 BD	FNR 5 12/25/38	31398RK46	225000	242107.35	0.22%
FN 993565	FN 4 04/01/24	31415YW21	223910	240380.62	0.22%
NORDEA BANK AB	NDASS 4.25 09/21/22	65557FAD8	240000	238796.53	0.22%
GNR 2012-16 VC	GNR 3.5 05/20/23	38378DDH5	215349	238314.15	0.22%
TEVA PHARM FIN IV BV	TEVA 3.65 11/10/21	88166JAA1	215000	236136.61	0.22%
HUMANA INC	HUM 6.3 08/01/18	444859AU6	200000	235833.40	0.22%
NOVARTIS CAPITAL CORP	NOVNVX 2.4 09/21/22	66989HAE8	230000	232867.56	0.21%
BP CAPITAL MARKETS PLC	BPLN 2.248 11/01/16	05565QBT4	220000	232355.57	0.21%
FN AL0302	FN 5 04/01/24	3138EGKQ6	212743	232031.23	0.21%
FN AK2818	FN 4.5 01/01/42	3138E7DY7	209387	231941.30	0.21%
PUBLIC SERVICE CO OF NEW	PNM 7.95 05/15/18	744499AP9	180000	225281.40	0.21%
BG ENERGY CAPITAL PLC	BGGRP 4 10/15/21	05541VAE6	200000	224963.49	0.21%
WILLIAMS PARTNERS LP/WIL	WPZ 7.25 02/01/17	96950HAD2	180000	221058.60	0.20%
NEWMONT MINING CORP	NEM 4.875 03/15/42	651639AP1	215000	220828.79	0.20%
RIO TINTO FIN USA LTD	RIOLN 6.5 07/15/18	767201AC0	175000	220398.89	0.20%
TOTAL CAPITAL INTL SA	TOTAL 1.55 06/28/17	89153VAC3	215000	219892.58	0.20%
ENTERGY GULF STATES	ETR 6.2 07/01/33	29364LAL6	214000	217835.09	0.20%
DPABS 2012-1A A2	DPABS 5.216 01/25/42	25755TAC4	190560	214258.74	0.20%
GENERAL ELECTRIC CAP CORP	GE 6.25 12/15/49	369622SP1	200000	213328.22	0.20%
CF INDUSTRIES INC	CF 6.875 05/01/18	12527GAA1	170000	211632.29	0.19%
ANADARKO PETROLEUM CORP	APC 6.375 09/15/17	032511BH9	170000	205436.73	0.19%
INGRAM MICRO INC	IM 5 08/10/22	457153AF1	195000	203189.29	0.19%
ANZ NATIONAL BANK	ANZNZ 1.85 10/15/15	00182EAQ2	200000	202859.59	0.19%
RABOBANK NEDERLAND UTREC	RABOBK 3.375 01/19/17	21686CAD2	190000	202950.40	0.19%
ONCOR ELECTRIC DELIVERY	ONCRTX 4.55 12/01/41	68233JAT1	205000	202734.89	0.19%
GNR 2010-128 JC	GNR 4 06/20/39	38377LPU6	180000	202447.14	0.19%
CF 2011-2A A	CF 0 04/07/24	165182AX4	200000	201822.47	0.19%
FNR 2011-2 PD	FNR 4 12/25/39	31397QGZ5	185000	201490.60	0.19%
MEDCO HEALTH SOLUTIONS I	ESRX 7.125 03/15/18	58405UAD4	160000	201403.47	0.19%
COMET 2004-B3 B3	COMET 0 01/18/22	14041NBL4	205000	200760.76	0.18%
WALGREEN CO 3.1% 15/09/22 USD	WAG 3.1 09/15/22	931422AH2	200000	200719.60	0.18%
RBS CITIZENS FIN GRP	RBSCFG 4.15 09/28/22	75524RAA7	200000	200441.37	0.18%
JPMRR 2009-7 13A1	JPMRR 0 06/27/37	46633PAY8	201505	199578.22	0.18%
BLACKSTONE HLDGS FINA	BX 4.75 02/15/23	09256BAD9	190000	199203.90	0.18%
CVS CAREMARK CORP	CVS 5.75 05/15/41	126650BX7	155000	198573.79	0.18%
FNR 2012-93 VK	FNR 3.5 09/25/25	3136A8FJ4	179082	198461.36	0.18%
SEAGATE HDD CAYMAN	STX 6.875 05/01/20	81180WAD3	180000	197081.25	0.18%
JPMCC 2007-CB20 ASB	JPMCC 5.688 02/12/51	46631QAE2	176406	194738.52	0.18%
CA UNIV OF CA-TXBL-AD REV	UNVHGR 4.858 05/15/12	91412GHA6	180000	190904.10	0.18%
NY PORT AUTH NY NJ REV	PORTRN 6.04 12/01/29	73358WAJ3	145000	188013.28	0.17%
LEGG MASON INC	LM 5.5 05/21/19	524901AQ8	170000	185660.25	0.17%
ING US INC	INTNED 5.5 07/15/22	45685EAA4	175000	184642.62	0.17%
G2 783356	G2 6 06/20/41	36241LWR3	160998	182811.85	0.17%
FN 357632	FN 5.5 10/01/34	31376KHH2	163606	181390.25	0.17%
NATIONWIDE MUTUAL INSURA	NATMUT 9.375 08/15/39	638671AK3	130000	179443.05	0.16%
ONEOK PARTNERS LP	OKS 2 10/01/17	68268NAH6	175000	178419.33	0.16%
JPMCC 2007-LD12 A4	JPMCC 0 02/15/51	46632HAD3	150000	177220.75	0.16%
BSCMS 2007-PW17 A4	BSCMS 5.694 06/11/50	07388QAE9	150000	176895.75	0.16%
CD 2005-CD1 AM	CD 5.399746 07/15/44	12513EAJ3	160000	176475.09	0.16%
WELLPOINT INC	WLP 4.625 05/15/42	94973VAY3	170000	174755.92	0.16%
ENERGY TRANSFER PARTNERS	ETP 6.125 02/15/17	29273RAE9	150000	173449.71	0.16%
FREMF 2012-K501 C	FREMF 0 11/25/46	30290EAS4	177000	172380.06	0.16%
SANTANDER HOLDINGS USA	SOV 3 09/24/15	80282KAB2	170000	172091.57	0.16%
CMLTI 09-6 11A1	CMLTI 0 05/25/37	17315JAW2	177254	171910.71	0.16%
METLIFE INC	MET 1.756 12/15/17	59156RBE7	170000	171462.93	0.16%
FHR 3793 LV	FHR 4 11/15/23	3137A5EJ9	161418	170649.69	0.16%
BAFC 2009-R6 3A1	BAFC 0 01/26/37	05955DAF2	170527	168816.72	0.16%
SCANA CORPORATION	SCG 4.75 05/15/21	80589MAD4	150000	165518.77	0.15%
EL PASO PIPELINE PART OP	EPB 6.5 04/01/20	28370TAA7	135000	164542.86	0.15%
INTERPUBLIC GROUP COS	IPG 10 07/15/17	460690BF6	145000	164192.36	0.15%
CGCMT 2007-C6 AM	CGCMT 0 12/10/49	17311QBM1	150000	164093.40	0.15%
APACHE CORP	APA 4.75 04/15/43	037411BA2	140000	163147.80	0.15%
COMET 2006-B1 B1	COMET 0.50075 01/15/19	14041NCT6	165000	162949.83	0.15%
MARATHON PETROLEUM CORP	MPC 5.125 03/01/21	56585AAD4	140000	162148.82	0.15%
TYCO FLOW CONTROL FINANC	PNR 3.15 09/15/22	902134AB1	160000	160674.00	0.15%
LIBERTY MUTUAL GROUP	LIBMUT 6.5 05/01/42	53079EAZ7	140000	155270.59	0.14%
CF INDUSTRIES INC	CF 7.125 05/01/20	12527GAB9	120000	154162.50	0.14%
SEMPRA ENERGY	SRE 2.875 10/01/22	816851AT6	150000	151881.90	0.14%
DISCOVERY COMMUNICATIONS	DISCA 6.35 06/01/40	25470DAD1	115000	147341.53	0.14%
MOODYS CORP	MCO 4.5 09/01/22	615369AB1	135000	143820.91	0.13%
GNR 2009-13 ND	GNR 4.5 02/16/33	38374TMP6	131172	140135.99	0.13%
SDART 2011-4 B	SDART 2.9 05/16/16	80282JAD1	134000	138075.19	0.13%
INTL PAPER CO	IP 7.95 06/15/18	460146CA9	105000	137599.59	0.13%
APPALACHIAN POWER CO	AEP 5.8 10/01/35	037735CE5	110000	136843.41	0.13%
WFCM 2012-LC5 AS	WFCM 3.539 10/15/45	94988HAE1	130000	136737.79	0.13%
HIGHMARK INC	HIMARK 6.125 05/15/41	431116AC6	125000	134135.36	0.12%
FG G08028	FG 6 12/01/34	3128MJA67	117360	130812.89	0.12%
UDR INC REIT	UDR 4.25 06/01/18	91019PCS9	112000	125792.65	0.12%
ROWAN COMPANIES INC	RDC 7.875 08/01/19	779382AK6	100000	125289.80	0.12%
ENERGY TRANSFER PARTNERS	ETP 5.2 02/01/22	29273RAQ2	110000	122976.66	0.11%
TAMPA ELECTRIC	TE 2.6 09/15/22	875127BB7	120000	121426.88	0.11%
CSMC 2009-3R 28A1	CSMC 0 08/27/37	22943YUB3	120881	120907.44	0.11%
ANGLO AMER CAP	AALLN 2.625 09/27/17	034863AF7	120000	120443.00	0.11%
COMM 2012-CR2 C	COMM 0 08/15/45	12624KAH9	113000	120270.01	0.11%
FMC TECHNOLOGIES INC	FTI 3.45 10/01/22	30249UAB7	115000	116855.45	0.11%
SIMON PROPERTY GROUP LP	SPG 6.125 05/30/18	828807BZ9	94000	116736.61	0.11%
JPMCC 2010-CNTR A2	JPMCC 4.311 08/05/32	46636AAC6	105000	116575.67	0.11%
WELLPOINT IN	WLP 3.3 01/15/23	94973VBA4	115000	116535.95	0.11%
NEWCREST FINANCE PTY LTD	NCMAU 4.2 10/01/22	65120FAC8	115000	115775.33	0.11%
SDART 2012-3 A3	SDART 1.08 04/15/16	80282WAC4	115000	115805.12	0.11%
NOBLE ENERGY INC	NBL 6 03/01/41	655044AE5	95000	115476.40	0.11%
FG A81046	FG 6 08/01/38	312927ET9	101997	113178.72	0.10%
CPS 2011-A A	CPS 2.82 04/16/18	126186AA3	112213	113147.54	0.10%
NISOURCE FINANCE CORP	NI 5.25 02/15/43	65473QBB8	100000	113157.72	0.10%
SMAT 2011-2USA A4A	SMAT 2.31 04/14/17	78446KAF0	110000	112525.91	0.10%
AZ GLENDALE S/T REV FSA	GLEDEV 6.077 07/01/25	378294DL3	95000	111947.29	0.10%
BSCMS 2007-PW17 AMFL	BSCMS 0 06/11/50	07388QBU2	125000	107685.11	0.10%
COMM 2011-THL B	COMM 4.5544 06/09/28	12622QAB1	100000	107261.03	0.10%
JUNIPER NETWORKS INC	JNPR 5.95 03/15/41	48203RAD6	95000	106287.09	0.10%
SDART 2010-2 C	SDART 3.89 07/17/17	80282GAE5	100000	104019.59	0.10%
OCCIDENTAL PETROLEUM COR	OXY 1.5 02/15/18	674599CD5	100000	102190.20	0.09%
TOTAL CAPITAL INTL SA	TOTAL 2.7 01/25/23	89153VAE9	100000	101973.30	0.09%
CNHMT 2011-1A B	CNHMT 0 12/15/15	12615SAP5	100000	100216.85	0.09%
PROGRESS ENERGY INC	DUK 3.15 04/01/22	743263AS4	95000	98432.40	0.09%
MASTR 2003-8 3A13	MASTR 5.25 09/25/33	55265KL72	96818	98310.30	0.09%
EL PASO PIPELINE PART OP	EPB 5 10/01/21	28370TAE9	85000	95739.92	0.09%
WFCM 2012-LC5 C	WFCM 0 10/15/45	94988HAG6	90000	93741.37	0.09%
ENTERPRISE PRODUCTS OPER	EPD 4.85 08/15/42	29379VAW3	90000	93206.90	0.09%
TIME WARNER INC	TWX 6.1 07/15/40	887317AH8	70000	87704.10	0.08%
JPMRR 2009-7 2A1	JPMRR 6 02/27/37	46633PAC6	81465	83725.45	0.08%
JABIL CIRCUIT INC	JBL 8.25 03/15/18	466313AD5	55000	65514.17	0.06%
AMEREN ILLINOIS CO	AEE 2.7 09/01/22	02361DAL4	60000	61352.76	0.06%
JPMORGAN CHASE N CO	JPM 5.4 01/06/42	48126BAA1	50000	58762.30	0.05%
TECK RESOURCES LIMITED	TCKBCN 6.25 07/15/41	878742AW5	50000	55077.07	0.05%
US TREASURY COLLATERAL	T 0.5 05/31/13	912828QZ6	50000	50191.42	0.05%
QWEST CORP	CTL 7.25 09/15/25	912920AK1	40000	49118.57	0.05%
DEVON ENERGY CORPORATION	DVN 4.75 05/15/42	25179MAN3	40000	43583.34	0.04%
FNR 2007-116 PB	FNR 5.5 08/25/35	31396X7A6	0	641.67	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.