Aberdeen Core Fixed Income Fund

Fund Holdings

Name	Ticker	Security No.	Shares	Market Value	Percent
US TREASURY N/B	T 0.25 10/31/14	912828TU4	6300000	6301348.76	5.82%
US TREASURY N/B	T 2.75 08/15/42	912810QX9	3858000	3858392.18	3.56%
US TREASURY N/B	T 0.625 11/30/17	912828UA6	1290000	1290727.78	1.19%
FNCL 3% 30YR JAN TBA	FNCL 3 01/01/43	01F030611	1040000	1091675.00	1.01%
FN AL2627	FN 5 07/01/37	3138EJ4M7	970953	1062644.81	0.98%
FG A60299	FG 6.5 05/01/37	3128KQKL9	877514	994111.61	0.92%
XEROX CORPORATION	XRX 7.2 04/01/16	98412JBA1	760000	888782.76	0.82%
FN AO8034	FN 3.5 07/01/42	3138LY4U8	806942	867294.63	0.80%
FN AB6228	FN 3.5 09/01/42	31417C4N2	765445	821976.24	0.76%
FN 889050	FN 6 05/01/37	31410GWK5	705289	794048.48	0.73%
FG Q11551	FG 3.5 09/01/42	3132HMWL1	702792	751621.40	0.69%
GECMC 2007-C1 A4	GECMC 5.543 12/10/49	36159XAE0	650000	746779.26	0.69%
FN AK6299	FN 4 03/01/42	3138EA7M3	675996	736992.54	0.68%
IL CHICAGO TRANSIT AUTH	CHITRN 6.2 12/01/40	16772PAQ9	605000	711715.95	0.66%
FG Q09912	FG 3.5 08/01/42	3132GVKZ4	654308	709379.58	0.65%
FG Q10154	FG 3.5 08/01/42	3132HLE33	641998	690917.44	0.64%
FHR 4097 VA	FHR 3.5 08/15/25	3137ATQU9	595768	666231.31	0.61%
FN AO2099	FN 4 05/01/42	3138LSKM1	616710	663780.05	0.61%
HSBC FINANCE CORP	HSBC 5.5 01/19/16	40429CFN7	585000	662158.38	0.61%
NY NYC MUN WTR REV	NYCUTL 5.44 06/15/43	64972FT63	470000	611815.19	0.56%
FNCI 2.5% 15 YR DEC12 TBA	FNCI 2.5 12/01/27	01F0224C6	565000	590954.69	0.55%
FORD MOTOR CREDIT CO LLC	F 4.207 04/15/16	345397WB5	550000	587544.44	0.54%
JPMRR 2009-7 14A1	JPMRR 0 07/27/37	46633PBA9	584981	578608.52	0.53%
FN AO9937	FN 4.5 07/01/42	3138M2BF2	518160	575840.01	0.53%
CMLTI 2009-6 6A1	CMLTI 0 07/25/36	17315JAL6	608508	575437.61	0.53%
US TREASURY N/B	T 6.25 08/15/23	912810EQ7	385000	566514.95	0.52%
BCAP 2009-RR6 3A1	BCAP 0 12/26/37	05531YAE2	567666	564651.12	0.52%
FHR 4134 WA	FHR 3.5 04/15/38	3137AW2P9	510000	561212.50	0.52%
FN AP9907	FN 3.5 10/01/42	3138MEAH3	509217	552394.37	0.51%
INTL LEASE FINANCE CORP	AIG 6.5 09/01/14	459745FY6	510000	551437.50	0.51%
COMM 2007-C9 AM	COMM 0 12/10/49	20047RAG8	484000	549311.12	0.51%
US TREASURY N/B	T 1 09/30/19	912828TR1	540000	541088.26	0.50%
ABBVIE INC	ABT 1.75 11/06/17	00287YAB5	530000	538038.01	0.50%
FG A94362	FG 4 10/01/40	312942Z32	488856	537778.05	0.50%
FN AJ7686	FN 4 12/01/41	3138E0RG6	482713	533434.33	0.49%
FHR 4057 VB	FHR 3.5 06/15/25	3137ARL20	472623	528821.18	0.49%
FNR 2012-86 VC	FNR 3.5 08/25/25	3136A7PZ9	470173	521112.63	0.48%
NEWELL RUBBERMAID INC	NWL 2 06/15/15	651229AL0	500000	511164.89	0.47%
PENSKE TRUCK LEASING/PTL	PENSKE 3.75 05/11/17	709599AE4	495000	508573.56	0.47%
ANHEUSER-BUSCH INBEV WOR	ABIBB 0.8 07/15/15	03523TBM9	505000	508254.73	0.47%
FG A96374	FG 4 01/01/41	312945CK2	461670	507294.46	0.47%
WELLS FARGO & CO	WFC 1.5 07/01/15	94974BFE5	495000	506065.07	0.47%
MET LIFE GLOB FUNDING I	MET 1.7 06/29/15	59217GAV1	490000	504420.59	0.47%
CELLCO PART/VERI WIRELSS	VZW 5.55 02/01/14	92344SAP5	470000	503532.15	0.46%
FN AO8719	FN 3.5 07/01/42	3138M0VM9	466758	501641.43	0.46%
UNILEVER CAP CORP	UNANA 0.45 07/30/15	904764AN7	500000	499270.75	0.46%
FNR 2009-85 LC	FNR 4.5 10/25/49	31396Q7J2	445000	499224.14	0.46%
GNR 2012-3 LA	GNR 3.5 03/20/38	38378CM46	464917	496202.05	0.46%
FN AO1797	FN 4.5 06/01/42	3138LR7K2	440102	490056.41	0.45%
FNR 2011-34 VA	FNR 4 06/25/22	31397Q7B8	464653	486843.66	0.45%
FN AO9950	FN 4 07/01/42	3138M2BU9	438883	486095.82	0.45%
FHR 4077 MP	FHR 4 08/15/40	3137ASCD4	438495	483356.38	0.45%
MDST 2010-1 M	MDST 5.25 12/15/45	59560WAC1	464599	481914.01	0.44%
SMI 2012-1A 2A1	SMI 0 01/21/55	82846GAH3	460000	479578.75	0.44%
US TREASURY N/B	T 1.625 11/15/22	912828TY6	474000	475155.25	0.44%
FHR 4097 VT	FHR 3.5 08/15/25	3137ATR79	423438	471176.36	0.44%
FG Q03019	FG 4 09/01/41	3132GJAU3	422632	464399.25	0.43%
FNR 2011-6 PH	FNR 4 02/25/41	31397QUK2	420000	457083.20	0.42%
FHR 4135 AD	FHR 2 06/15/42	3137AWAG0	445000	457147.02	0.42%
FG Q13160	FG 3.5 11/01/42	3132HPQM9	420000	456071.90	0.42%
FHR 4029 ML	FHR 3.5 04/15/41	3137APGD6	421735	453413.64	0.42%
FN AI9139	FN 3 11/01/42	3138APEM6	429363	453362.19	0.42%
TEXAS INSTRUMENTS INC	TXN 0.45 08/03/15	882508AT1	454000	452625.07	0.42%
GA MEAG PROJECT J	MELPWR 6.637 04/01/57	626207YF5	370000	450797.52	0.42%
SEAGATE TECHNOLOGY INTL	STX 10 05/01/14	81180VAA1	413000	449997.92	0.42%
FG Q09082	FG 3.5 06/01/42	3132GUM76	414022	448868.88	0.41%
FN 190354	FN 5.5 12/01/34	31368HMB6	404290	444389.03	0.41%
AMOT 2012-5 A	AMOT 1.54 09/15/19	02005ACW6	440000	440959.84	0.41%
FG Q08305	FG 3.5 05/01/42	3132GTR25	405850	440009.88	0.41%
FNR 2012-84 QG	FNR 3 09/25/31	3136A7U34	412944	438539.35	0.40%
TOYOTA MOTOR CREDIT CORP	TOYOTA 0.875 07/17/15	89233P6J0	435000	437553.59	0.40%
FN AI0036	FN 4.5 07/01/41	3138ADBE4	401558	436344.98	0.40%
FN AB6250	FN 4 09/01/42	31417C5L5	399344	435377.19	0.40%
FNR 2011-124 JM	FNR 4 02/25/41	3136A2L50	381663	424441.03	0.39%
FN 555424	FN 5.5 05/01/33	31385XAZ0	383523	423479.45	0.39%
AMERICAN HONDA FINANCE	HNDA 1.45 02/27/15	02666QK69	415000	423438.25	0.39%
FN AK4827	FN 3.5 04/01/42	3138E9LH1	393421	422477.31	0.39%
FHR 3980 EP	FHR 5 01/15/42	3137AKL66	368216	421135.63	0.39%
FNR 2012-67 KA	FNR 3.5 05/25/41	3136A7GW6	384824	420045.89	0.39%
FN AK6769	FN 3.5 03/01/27	3138EBQX6	383118	411425.37	0.38%
ANGLO AMERICAN CAPITAL	AALLN 2.625 04/03/17	034863AE0	400000	406961.27	0.38%
FNR 2012-98 VA	FNR 4 07/25/25	3136A8AX8	354604	401033.36	0.37%
QWEST CORP	CTL 6.875 09/15/33	912920AC9	395000	400732.99	0.37%
WFNMT 2012-A A	WFNMT 3.14 01/17/23	981464CW8	369000	397590.33	0.37%
CSMC 2009-3R 25A1	CSMC 0 07/27/36	22943YTK5	389434	391856.48	0.36%
PERNOD-RICARD SA	RIFP 4.45 01/15/22	714264AD0	350000	391492.89	0.36%
WFNMT 2010-A M	WFNMT 5.2 04/15/19	981464CK4	360000	390701.20	0.36%
CAPITAL ONE FINANCIAL CO	COF 1 11/06/15	14040HBA2	390000	388795.85	0.36%
FNR 2012-21 PJ	FNR 4 03/25/41	3136A35Z0	362363	386843.97	0.36%
FN AK7900	FN 4 04/01/42	3138ECX65	350250	383987.66	0.35%
FN AP3966	FN 3.5 09/01/42	3138M7MQ5	353526	383502.53	0.35%
FG Q08765	FG 3.5 06/01/42	3132GUCA0	355278	381408.27	0.35%
BANK OF AMERICA CORP	BAC 1.5 10/09/15	06051GER6	375000	377129.63	0.35%
FNR 2012-38 PA	FNR 2 09/25/41	3136A42X6	367980	376629.78	0.35%
CA BAY AREA TOLL-S1 REV	BAYTRN 6.793 04/01/30	072024NT5	290000	373938.08	0.35%
FG C91442	FG 3.5 04/01/32	3128P7S79	335448	365463.39	0.34%
BLACKSTONE HOLDINGS FINA	BX 6.625 08/15/19	09256BAA5	305000	362299.42	0.33%
FNR 2011-2 PL	FNR 4 02/25/41	31397QHU5	320000	358694.19	0.33%
BP CAPITAL MARKETS PLC	BPLN 1.846 05/05/17	05565QBY3	350000	358444.53	0.33%
GENERAL ELEC CAP CORP	GE 1.625 07/02/15	36962G5Z3	350000	357345.34	0.33%
FN AC8518	FN 5 12/01/39	31417VPC1	327552	356437.27	0.33%
FN AB6935	FN 3.5 11/01/42	31417DV59	325000	355807.26	0.33%
FG Q10152	FG 3.5 08/01/42	3132HLEZ2	328364	355488.74	0.33%
FNR 2011-76 PB	FNR 2.5 04/25/39	3136A0WP8	340531	354404.25	0.33%
CBS CORP	CBS 8.875 05/15/19	124857AC7	255000	348457.10	0.32%
FN AK6866	FN 4 04/01/42	3138EBTY1	317666	347515.06	0.32%
CITIGROUP INC	C 2.25 08/07/15	172967GB1	335000	346143.45	0.32%
Cash		Cash	345835	345835.44	0.32%
CA SAN DIEGO REGIONAL TRANSP COMM	SDGTRN 5.911 04/01/48	797400FN3	255000	343008.58	0.32%
TRANSATLANTIC HOLDINGS	Y 5.75 12/14/15	893521AA2	300000	340005.78	0.31%
GEORGIA-PACIFIC LLC	GP 8 01/15/24	373298CF3	235000	339653.78	0.31%
FN AO3007	FN 3.5 05/01/27	3138LTKV9	316060	339412.67	0.31%
WESTPAC BANKING CORP	WSTP 1.125 09/25/15	961214BW2	335000	338499.58	0.31%
RIO TINTO FIN USA PLC	RIOLN 1.625 08/21/17	76720AAE6	330000	335721.83	0.31%
FG Q06531	FG 4 03/01/42	3132GRSU6	305289	331166.76	0.31%
WESTPAC BANKING CORP	WSTP 4.875 11/19/19	961214BK8	280000	328111.00	0.30%
FN AP2109	FN 4 08/01/32	3138M5KX6	292352	326726.03	0.30%
TIME WARNER CABLE INC	TWC 4 09/01/21	88732JBA5	295000	323876.67	0.30%
FNR 2008-85 EB	FNR 5 09/25/28	31397MPW1	294295	320839.29	0.30%
FG G01840	FG 5 07/01/35	3128LXBH2	291441	315411.57	0.29%
FG C91482	FG 3.5 07/01/32	3128P7UF8	293044	314137.29	0.29%
IBM CORP	IBM 1.95 07/22/16	459200GX3	300000	313835.55	0.29%
NBC UNIVERSAL MEDIA	CMCSA 2.875 01/15/23	63946BAH3	310000	313258.79	0.29%
BOSTON SCIENTIFIC CORP	BSX 6 01/15/20	101137AK3	260000	312110.41	0.29%
FHR 4097 GT	FHR 3 10/15/31	3137ATKF8	291605	311574.00	0.29%
CSMC 2009-12R 6A1	CSMC 6 05/27/37	12642MAU4	300737	309912.90	0.29%
MSC 2003-IQ5 C	MSC 0 04/15/38	61745MTF0	300000	308765.74	0.29%
CITIGROUP INC	C 4.5 01/14/22	172967FT3	270000	308381.04	0.28%
GCCFC 2006-GG7 AM	GCCFC 2006-GG7 AM	20173MAG5	275000	307529.19	0.28%
FN AP5191	FN 3 09/01/27	3138M8XV0	285868	306020.47	0.28%
FN AI5595	FN 5 07/01/41	3138AKGD5	275754	304811.32	0.28%
GNR 2012-52 PM	GNR 3.5 12/20/39	38375CG79	282647	304047.72	0.28%
MIZUHO CORP BANK LTD	MIZUHO 2.95 10/17/22	60688QAD7	300000	300667.37	0.28%
GNR 2011-45 VE	GNR 4.5 04/20/22	38377Q2B2	290052	300712.29	0.28%
FN AQ6196	FN 3.5 11/01/42	3138MM3E0	275000	298317.68	0.28%
FG G14583	FG 3 10/01/27	3128MDJ46	278425	297928.55	0.27%
FN AK3774	FN 4 03/01/42	3138E8FQ0	271551	297265.18	0.27%
PRUDENTIAL FINANCIAL INC	PRU 5.625 06/15/43	744320AM4	295000	296290.63	0.27%
BG ENERGY CAPITAL PLC	BGGRP 2.5 12/09/15	05541VAC0	280000	296009.96	0.27%
FN AK6972	FN 3.5 03/01/27	3138EBXA8	273216	295759.86	0.27%
BANK OF MONTREAL	BMO 2.55 11/06/22	06366RJJ5	295000	294851.57	0.27%
GEMNT 2012-5 B	GEMNT 1.51 06/15/18	36159JDF5	290000	292547.97	0.27%
FHR 3864 AB	FHR 4 06/15/39	3137ABBK6	268864	292381.14	0.27%
JPMORGAN CHASE	JPM 3.25 09/23/22	46625HJE1	280000	291300.97	0.27%
FHR 4073 VQ	FHR 4 06/15/25	3137ARYU4	254819	287611.42	0.27%
FN AO1877	FN 3.5 04/01/42	3138LSCP3	266911	286624.52	0.26%
LIFE TECHNOLOGIES CORP	LIFE 6 03/01/20	53217VAC3	235000	283978.47	0.26%
ROYAL BANK OF SCOTLAND	RBS 2.55 09/18/15	780099CC9	275000	282813.26	0.26%
HMI 2012-1A A2	HMI 0 10/15/54	43641NBP8	275000	282504.59	0.26%
BARRICK GOLD CORP	ABXCN 5.25 04/01/42	067901AH1	250000	282537.25	0.26%
BSCMS 2007-PW17 AM	BSCMS 0 06/11/50	07388QAG4	250000	282282.54	0.26%
CMLTI 2009-5 7A1	CMLTI 0.5575 07/25/36	17315GAN8	288413	282028.16	0.26%
JPMCC 2007-LD11 ASB	JPMCC 0 06/15/49	46631BAF2	256164	281723.82	0.26%
FHR 3835 VC	FHR 4 06/15/22	3137A9XY7	265086	281420.23	0.26%
NOBLE HOLDING INTL LTD	NE 2.5 03/15/17	65504LAH0	270000	280829.10	0.26%
JPMCC 2007-CB19 ASB	JPMCC 5.90024 02/12/49	46630VAE2	254299	280808.04	0.26%
BSCMS 2006-PW13 AM	BSCMS 0 09/11/41	07388LAG5	250000	280080.92	0.26%
CSMC 2009-2R 2A5	CSMC 0 06/26/37	22944FBW8	281638	279719.79	0.26%
JPMCC 2007-CB20 AM	JPMCC 0 02/12/51	46631QAH5	240000	278111.66	0.26%
SBA TOWER TRUST	SBAC 2.933 12/15/17	78403DAC4	265000	277202.60	0.26%
FORD MOTOR CREDIT CO LLC	F 3 06/12/17	345397WD1	265000	273757.01	0.25%
JMAC 2009-R9 1A1	JMAC 0 08/26/46	47233CAA1	274961	273605.27	0.25%
BLOCK FINANCIAL LLC	HRB 5.5 11/01/22	093662AE4	265000	273562.95	0.25%
MOTEL 2012-MTL6 B	MOTEL 2.7426 10/05/25	61974PAE8	270000	273411.05	0.25%
RAYMOND JAMES FINANCIAL	RJF 5.625 04/01/24	754730AD1	240000	272661.84	0.25%
ESA 2010-ESHA B	ESA 4.2206 11/05/27	30224XAL8	270000	271709.69	0.25%
GENERAL ELECTRIC	GE 0.85 10/09/15	369604BE2	270000	270453.81	0.25%
AGILENT TECHNOLOGIES INC	A 6.5 11/01/17	00846UAC5	220000	268915.39	0.25%
UTILITY CONTRACT FUNDING	UTICON 7.944 10/01/16	91802MAA8	243853	265605.39	0.25%
FNR 2012-38 VK	FNR 4 02/25/25	3136A44N6	235125	265102.07	0.24%
ORACLE CORP	ORCL 2.5 10/15/22	68389XAP0	260000	263924.96	0.24%
SHELL INTERNATIONAL FINANCE	RDSALN 2.25 01/06/23	822582AV4	265000	263598.15	0.24%
HMI 2011-3A A6	HMI 0 10/15/54	43641NBM5	250000	262218.73	0.24%
JPMRR 2009-7 1A1	JPMRR 0 08/27/37	46633PAA0	263327	261720.24	0.24%
FN AB5959	FN 3 08/01/32	31417CTR6	246821	261233.58	0.24%
PERMM 2011-2A 1A3	PERMM 0 07/15/42	71419GAU4	250000	258680.78	0.24%
NBCUNIVERSAL MEDIA LLC	CMCSA 4.375 04/01/21	63946BAE0	225000	257140.73	0.24%
FG G06788	FG 5.5 10/01/35	3128M82V5	232949	254571.57	0.23%
CGCMT 2006-C5 AM	CGCMT 5.462 10/15/49	17310MAG5	225000	253001.86	0.23%
CAMERON INTL CORP	CAM 1.6 04/30/15	13342BAH8	250000	253002.19	0.23%
COMMONWEALTH BK AUSTR NY	CBAAU 1.25 09/18/15	20271RAB6	250000	252883.18	0.23%
TOYOTA MOTOR CREDIT CORP	TOYOTA 1.25 10/05/17	89233P6S0	250000	252210.36	0.23%
MOTOR 12A A1C	MOTOR 1.286 02/25/20	620062AC3	250000	250939.08	0.23%
JPMRR 2009-7 11A1	JPMRR 0 09/27/36	46633PAU6	253738	250376.96	0.23%
BOSTON PROPERTIES LP	BXP 5.875 10/15/19	10112RAQ7	205000	246253.98	0.23%
FN AL1862	FN 3 04/01/27	3138EJB80	230339	246180.77	0.23%
PENSKE TRUCK LEASING CO	PENSKE 2.5 03/15/16	709599AJ3	245000	246139.36	0.23%
DIRECTV HOLDINGS/FING	DTV 5.875 10/01/19	25459HAU9	205000	245674.60	0.23%
FN 995049	FN 5.5 02/01/38	31416BL63	223498	245385.53	0.23%
SMAT 2012-4US A4A	SMAT 1.25 08/14/18	83172LAD3	245000	245327.35	0.23%
FNR 2010-56 BD	FNR 5 12/25/38	31398RK46	225000	244380.30	0.23%
HUMANA INC	HUM 6.3 08/01/18	444859AU6	200000	241109.60	0.22%
CMLTI 2009-6 4A1	CMLTI 0 04/25/37	17315JAG7	236545	240873.83	0.22%
FN AJ1472	FN 4 10/01/41	3138AST69	218696	239189.50	0.22%
ING US INC	INTNED 5.5 07/15/22	45685EAA4	215000	238317.04	0.22%
INTERPUBLIC GROUP COS	IPG 3.75 02/15/23	460690BK5	240000	236418.92	0.22%
GNR 2012-16 VC	GNR 3.5 05/20/23	38378DDH5	212555	236397.59	0.22%
TEVA PHARM FIN IV BV	TEVA 3.65 11/10/21	88166JAA1	215000	233414.36	0.22%
NOVARTIS CAPITAL CORP	NOVNVX 2.4 09/21/22	66989HAE8	230000	232846.63	0.22%
TURLOCK CORP	ETN 1.5 11/02/17	900212AG6	230000	231160.20	0.21%
US TREASURY N/B	T 0.375 11/15/15	912828TX8	230000	230397.38	0.21%
NEWMONT MINING CORP	NEM 4.875 03/15/42	651639AP1	215000	226931.14	0.21%
RIO TINTO FIN USA LTD	RIOLN 6.5 07/15/18	767201AC0	175000	224248.60	0.21%
WILLIAMS PARTNERS LP/WIL	WPZ 7.25 02/01/17	96950HAD2	180000	223833.00	0.21%
BG ENERGY CAPITAL PLC	BGGRP 4 10/15/21	05541VAE6	200000	221783.82	0.20%
BP CAPITAL MARKETS PLC	BPLN 1.375 11/06/17	05565QCC0	220000	221066.53	0.20%
EL PASO PIPELINE PART OP	EPB 6.5 04/01/20	28370TAA7	180000	221018.10	0.20%
TOTAL CAPITAL INTL SA	TOTAL 1.55 06/28/17	89153VAC3	215000	220971.73	0.20%
ENTERGY GULF STATES	ETR 6.2 07/01/33	29364LAL6	214000	220046.85	0.20%
GENERAL ELECTRIC CAP CORP	GE 6.25 12/15/49	369622SP1	200000	219599.56	0.20%
PUBLIC SERVICE CO OF NEW	PNM 7.95 05/15/18	744499AP9	180000	219496.92	0.20%
FN 995050	FN 6 09/01/37	31416BL71	198689	219347.84	0.20%
FN AL0302	FN 5 04/01/24	3138EGKQ6	198051	215528.27	0.20%
DPABS 2012-1A A2	DPABS 5.216 01/25/42	25755TAC4	189840	214463.39	0.20%
CF INDUSTRIES INC	CF 6.875 05/01/18	12527GAA1	170000	209969.58	0.19%
XSTRATA FINANCE CANADA	XTALN 4 10/25/22	98417EAT7	205000	208221.37	0.19%
RABOBANK NEDERLAND UTREC	RABOBK 3.375 01/19/17	21686CAD2	190000	206672.31	0.19%
ANADARKO PETROLEUM CORP	APC 6.375 09/15/17	032511BH9	170000	206414.40	0.19%
ANZ NATIONAL BANK	ANZNZ 1.85 10/15/15	00182EAQ2	200000	205193.66	0.19%
WALGREENS CO	WAG 3.1 09/15/22	931422AH2	200000	204790.33	0.19%
RBS CITIZENS FIN GRP	RBSCFG 4.15 09/28/22	75524RAA7	200000	204573.50	0.19%
JPMORGAN CHASE & CO	JPM 4.35 08/15/21	46625HJC5	180000	204051.66	0.19%
MEDCO HEALTH SOLUTIONS I	ESRX 7.125 03/15/18	58405UAD4	160000	203250.83	0.19%
COMET 2004-B3 B3	COMET 0 01/18/22	14041NBL4	205000	203010.45	0.19%
CF 2011-2A A	CF 0 04/07/24	165182AX4	200000	202873.80	0.19%
FNR 2011-2 PD	FNR 4 12/25/39	31397QGZ5	185000	201239.92	0.19%
FN AK2818	FN 4.5 01/01/42	3138E7DY7	179845	198066.37	0.18%
FNR 2012-93 VK	FNR 3.5 09/25/25	3136A8FJ4	177240	196462.05	0.18%
CA UNIV OF CA-TXBL-AD REV	UNVHGR 4.858 05/15/12	91412GHA6	180000	193928.24	0.18%
CVS CAREMARK CORP	CVS 5.75 05/15/41	126650BX7	155000	191780.66	0.18%
NATIONWIDE MUTUAL INSURA	NATMUT 9.375 08/15/39	638671AK3	130000	190686.75	0.18%
NY PORT AUTH NY NJ REV	PORTRN 6.04 12/01/29	73358WAJ3	145000	188982.85	0.17%
BLACKSTONE HLDGS FINA	BX 4.75 02/15/23	09256BAD9	175000	188956.47	0.17%
SEAGATE HDD CAYMAN	STX 6.875 05/01/20	81180WAD3	180000	188906.25	0.17%
JPMCC 2007-CB20 ASB	JPMCC 5.688 02/12/51	46631QAE2	170456	188204.42	0.17%
LEGG MASON INC	LM 5.5 05/21/19	524901AQ8	170000	187054.19	0.17%
FMC TECHNOLOGIES INC	FTI 3.45 10/01/22	30249UAB7	180000	185697.24	0.17%
CNA FINANCIAL CORP	CNAFNL 5.85 12/15/14	126117AL4	165000	183836.41	0.17%
JPMRR 2009-7 13A1	JPMRR 0 06/27/37	46633PAY8	181998	180212.35	0.17%
BSCMS 2007-PW17 A4	BSCMS 5.694 06/11/50	07388QAE9	150000	178573.50	0.16%
JPMCC 2007-LD12 A4	JPMCC 0 02/15/51	46632HAD3	150000	178199.95	0.16%
ENERGY TRANSFER PARTNERS	ETP 6.125 02/15/17	29273RAE9	150000	176537.96	0.16%
CD 2005-CD1 AM	CD 5.399746 07/15/44	12513EAJ3	160000	176564.36	0.16%
INVESCO FINANCE INC	IVZ 3.125 11/30/22	46132FAA8	175000	176076.34	0.16%
FREMF 2012-K501 C	FREMF 0 11/25/46	30290EAS4	177000	175357.54	0.16%
SANTANDER HOLDINGS USA	SOV 3 09/24/15	80282KAB2	170000	174055.75	0.16%
FN 357632	FN 5.5 10/01/34	31376KHH2	157834	173488.74	0.16%
NATIONAL OILWELL VARCO	NOV 2.6 12/01/22	637071AJ0	170000	172392.32	0.16%
CGCMT 2007-C6 AM	CGCMT 0 12/10/49	17311QBM1	150000	168532.13	0.16%
FHR 3793 LV	FHR 4 11/15/23	3137A5EJ9	159491	167096.91	0.15%
MARATHON PETROLEUM CORP	MPC 5.125 03/01/21	56585AAD4	140000	166422.13	0.15%
AETNA INC	AET 2.75 11/15/22	008117AP8	165000	166058.37	0.15%
INTERPUBLIC GROUP COS	IPG 10 07/15/17	460690BF6	145000	164796.53	0.15%
BAFC 2009-R6 3A1	BAFC 0 01/26/37	05955DAF2	163966	164296.87	0.15%
SCANA CORPORATION	SCG 4.75 05/15/21	80589MAD4	150000	163850.87	0.15%
COMET 2006-B1 B1	COMET 0.488 01/15/19	14041NCT6	165000	163147.53	0.15%
TYCO FLOW CONTROL FINANC	PNR 3.15 09/15/22	902134AB1	160000	162702.00	0.15%
G2 783356	G2 6 06/20/41	36241LWR3	143850	162119.78	0.15%
CMLTI 09-6 11A1	CMLTI 0 05/25/37	17315JAW2	166060	161158.51	0.15%
LIBERTY MUTUAL GROUP	LIBMUT 6.5 05/01/42	53079EAZ7	140000	155775.01	0.14%
ONCOR ELECTRIC DELIVERY	ONCRTX 4.55 12/01/41	68233JAT1	150000	153652.20	0.14%
CF INDUSTRIES INC	CF 7.125 05/01/20	12527GAB9	120000	152394.78	0.14%
SEMPRA ENERGY	SRE 2.875 10/01/22	816851AT6	150000	151810.15	0.14%
DISCOVERY COMMUNICATIONS	DISCA 6.35 06/01/40	25470DAD1	115000	150507.63	0.14%
QWEST CORP	CTL 7.25 09/15/25	912920AK1	125000	149241.07	0.14%
INTL PAPER CO	IP 7.95 06/15/18	460146CA9	105000	139774.77	0.13%
SDART 2011-4 B	SDART 2.9 05/16/16	80282JAD1	134000	137721.83	0.13%
WFCM 2012-LC5 AS	WFCM 3.539 10/15/45	94988HAE1	130000	137537.81	0.13%
WELLPOINT INC	WLP 4.625 05/15/42	94973VAY3	130000	135946.40	0.13%
APPALACHIAN POWER CO	AEP 5.8 10/01/35	037735CE5	110000	135077.43	0.12%
SHELL INTERNATIONAL FIN	RDSALN 2.375 08/21/22	822582AS1	130000	132287.64	0.12%
AMERICAN ELECTRIC POWER	AEP 1.65 12/15/17	025537AF8	130000	130356.33	0.12%
PENTAIR FINANCE SA	PNR 2.65 12/01/19	709629AD1	129000	128940.28	0.12%
ROWAN COMPANIES INC	RDC 7.875 08/01/19	779382AK6	100000	127275.90	0.12%
ENERGY TRANSFER PARTNERS	ETP 5.2 02/01/22	29273RAQ2	110000	125606.51	0.12%
GNR 2009-13 ND	GNR 4.5 02/16/33	38374TMP6	118768	123923.57	0.11%
GENERAL ELECTRIC COMPANY	GE 2.7 10/09/22	369604BD4	120000	122801.52	0.11%
WESTERN POWER DISTR HLDG	PPL 7.25 12/15/17	92931DAD4	100000	122653.46	0.11%
ANGLO AMER CAP	AALLN 2.625 09/27/17	034863AF7	120000	122192.00	0.11%
FG G08028	FG 6 12/01/34	3128MJA67	109981	121593.75	0.11%
APACHE CORP	APA 4.75 04/15/43	037411BA2	110000	121102.02	0.11%
NEWCREST FINANCE PTY LTD	NCMAU 4.2 10/01/22	65120FAC8	115000	119866.11	0.11%
WELLPOINT IN	WLP 3.3 01/15/23	94973VBA4	115000	119168.41	0.11%
JPMCC 2010-CNTR A2	JPMCC 4.311 08/05/32	46636AAC6	105000	117295.55	0.11%
HIGHMARK INC	HIMARK 6.125 05/15/41	431116AC6	110000	116677.68	0.11%
ERAC USA FINANCE LLC	ENTERP 1.4 04/15/16	26884TAJ1	115000	116104.91	0.11%
SDART 2012-3 A3	SDART 1.08 04/15/16	80282WAC4	115000	115838.93	0.11%
NOBLE ENERGY INC	NBL 6 03/01/41	655044AE5	95000	115447.80	0.11%
CSMC 2009-3R 28A1	CSMC 0 08/27/37	22943YUB3	113680	113477.96	0.10%
JUNIPER NETWORKS INC	JNPR 5.95 03/15/41	48203RAD6	95000	113158.41	0.10%
AZ GLENDALE S/T REV FSA	GLEDEV 6.077 07/01/25	378294DL3	95000	113186.88	0.10%
SMAT 2011-2USA A4A	SMAT 2.31 04/14/17	78446KAF0	110000	112946.22	0.10%
BSCMS 2007-PW17 AMFL	BSCMS 0 06/11/50	07388QBU2	125000	109852.64	0.10%
NISOURCE FINANCE CORP	NI 5.25 02/15/43	65473QBB8	100000	109668.32	0.10%
CPS 2011-A A	CPS 2.82 04/16/18	126186AA3	103368	104968.88	0.10%
SDART 2010-2 C	SDART 3.89 07/17/17	80282GAE5	100000	103763.49	0.10%
TOTAL CAPITAL INTL SA	TOTAL 2.7 01/25/23	89153VAE9	100000	102854.00	0.10%
CNHMT 2011-1A B	CNHMT 0 12/15/15	12615SAP5	100000	100113.18	0.09%
EL PASO PIPELINE PART OP	EPB 5 10/01/21	28370TAE9	85000	97399.57	0.09%
FG A81046	FG 6 08/01/38	312927ET9	87908	96555.74	0.09%
ENTERPRISE PRODUCTS OPER	EPD 4.85 08/15/42	29379VAW3	90000	95052.56	0.09%
TIME WARNER INC	TWX 6.1 07/15/40	887317AH8	70000	87805.93	0.08%
MASTR 2003-8 3A13	MASTR 5.25 09/25/33	55265KL72	84936	86055.84	0.08%
JPMRR 2009-7 2A1	JPMRR 6 02/27/37	46633PAC6	79499	81735.30	0.08%
CARNIVAL CORP	CCL 1.875 12/15/17	143658AY8	80000	80390.48	0.07%
EL PASO PIPELINE PART OP	EPB 4.7 11/01/42	28370TAF6	80000	79099.98	0.07%
CITIGROUP INC	C 5 09/15/14	172967CQ2	65000	69131.70	0.06%
US TREASURY N/B	T 0.75 10/31/17	912828TW0	65000	65503.84	0.06%
JABIL CIRCUIT INC	JBL 8.25 03/15/18	466313AD5	55000	65582.92	0.06%
SWISS RE TREASURY (US)	SRENVX 2.875 12/06/22	87089HAA1	65000	64994.67	0.06%
JPMORGAN CHASE & CO	JPM 3.45 03/01/16	46625HHX1	60000	64490.64	0.06%
AETNA INC	AET 4.125 11/15/42	00817YAM0	60000	60417.90	0.06%
AMAZON.COM INC	AMZN 2.5 11/29/22	023135AJ5	59000	58718.56	0.05%
ABBVIE INC	ABT 4.4 11/06/42	00287YAD1	55000	58474.14	0.05%
TECK RESOURCES LIMITED	TCKBCN 6.25 07/15/41	878742AW5	50000	58213.66	0.05%
US TREASURY COLLATERAL	T 0.5 05/31/13	912828QZ6	50000	50088.59	0.05%
FNR 2005-33 QD	FNR 5 01/25/34	31394CN99	0	2600.00	0.00%
FG G12121	FG 5.5 04/01/21	3128M1G60	0	1394.02	0.00%
FN AB3690	FN 4 10/01/41	31417AC49	0	1240.87	0.00%
GNR 2010-128 JC	GNR 4 06/20/39	38377LPU6	0	600.00	0.00%
FN 993565	FN 4 04/01/24	31415YW21	0	681.08	0.00%
COMM 2011-THL B	COMM 4.5544 06/09/28	12622QAB1	0	379.53	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.