|
|
|
|
Pioneer Classic Balanced Fund
|
|
|
|
|
|
|
Schedule of Investments 4/30/13 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
Principal Amount ($)
|
Floating
Rate (d)
|
S&P/Moody's
Ratings
|
|
Value
|
|
|
|
|
PREFERRED STOCKS - 0.5%
|
|
|
|
|
|
|
Banks - 0.2%
|
|
|
|
|
|
|
Diversified Banks - 0.2%
|
|
|
|
13,300
|
6.50
|
A-/Baa1
|
US Bancorp, Floating Rate Note (Perpetual)
|
$
|
398,468
|
|
6,000
|
6.00
|
A-/Baa1
|
US Bancorp, Floating Rate Note (Perpetual)
|
|
168,360
|
|
|
|
|
|
$
|
566,828
|
|
|
|
|
Regional Banks - 0.0%
|
|
|
|
1,000
|
6.25
|
A-/NR
|
CoBank ACB, Floating Rate Note (Perpetual) (144A)
|
$
|
107,500
|
|
|
|
|
Total Banks
|
$
|
674,328
|
|
|
|
|
Diversified Financials - 0.1%
|
|
|
|
|
|
|
Other Diversified Financial Services - 0.1%
|
|
|
|
3,000
|
7.88
|
BB/Ba2
|
Citigroup Capital XIII, Floating Rate Note, 10/30/40
|
$
|
84,720
|
|
|
|
|
Total Diversified Financials
|
$
|
84,720
|
|
|
|
|
Insurance - 0.2%
|
|
|
|
|
|
|
Property & Casualty Insurance - 0.2%
|
|
|
|
21,025
|
5.10
|
BBB/Baa1
|
The Allstate Corp., Floating Rate Note, 1/15/53
|
$
|
559,265
|
|
|
|
|
Total Insurance
|
$
|
559,265
|
|
|
|
|
TOTAL PREFERRED STOCKS
|
|
|
|
|
|
|
(Cost $1,191,403)
|
$
|
1,318,313
|
|
|
|
|
|
|
|
|
|
|
|
CONVERTIBLE PREFERRED STOCKS - 0.3%
|
|
|
|
|
|
|
Banks - 0.3%
|
|
|
|
|
|
|
Diversified Banks - 0.3%
|
|
|
|
700
|
|
BBB+/Ba1
|
Wells Fargo & Co., 7.5% (Perpetual)
|
$
|
923,825
|
|
|
|
|
Total Banks
|
$
|
923,825
|
|
|
|
|
TOTAL CONVERTIBLE PREFERRED STOCKS
|
|
|
|
|
|
|
(Cost $730,069)
|
$
|
923,825
|
|
Shares
|
|
|
|
|
|
|
|
|
|
COMMON STOCKS - 63.7%
|
|
|
|
|
|
|
Energy - 7.6%
|
|
|
|
|
|
|
Oil & Gas Drilling - 1.1%
|
|
|
|
54,393
|
|
|
Ensco Plc
|
$
|
3,137,388
|
|
|
|
|
Oil & Gas Equipment & Services - 0.9%
|
|
|
|
31,952
|
|
|
Halliburton Co.
|
$
|
1,366,587
|
|
19,491
|
|
|
Schlumberger, Ltd.
|
|
1,450,715
|
|
|
|
|
|
$
|
2,817,302
|
|
|
|
|
Integrated Oil & Gas - 1.8%
|
|
|
|
41,506
|
|
|
BP Plc (A.D.R.)
|
$
|
1,809,662
|
|
11,544
|
|
|
Chevron Corp.
|
|
1,408,483
|
|
25,515
|
|
|
Occidental Petroleum Corp.
|
|
2,277,469
|
|
|
|
|
|
$
|
5,495,614
|
|
|
|
|
Oil & Gas Exploration & Production - 2.2%
|
|
|
|
18,777
|
|
|
Anadarko Petroleum Corp.
|
$
|
1,591,539
|
|
26,009
|
|
|
Cobalt International Energy, Inc. *
|
|
726,691
|
|
5,092
|
|
|
EOG Resources, Inc.
|
|
616,947
|
|
28,815
|
|
|
EQT Corp.
|
|
2,164,583
|
|
46,300
|
|
|
Marathon Oil Corp.
|
|
1,512,621
|
|
|
|
|
|
$
|
6,612,381
|
|
|
|
|
Oil & Gas Refining & Marketing - 0.9%
|
|
|
|
12,226
|
|
|
Phillips 66
|
$
|
745,175
|
|
45,533
|
|
|
Valero Energy Corp.
|
|
1,835,891
|
|
|
|
|
|
$
|
2,581,066
|
|
|
|
|
Oil & Gas Storage & Transportation - 0.7%
|
|
|
|
27,192
|
|
|
Spectra Energy Corp.
|
$
|
857,364
|
|
20,454
|
|
|
Targa Resources Corp.
|
|
1,345,055
|
|
|
|
|
|
$
|
2,202,419
|
|
|
|
|
Total Energy
|
$
|
22,846,170
|
|
|
|
|
Materials - 3.0%
|
|
|
|
|
|
|
Fertilizers & Agricultural Chemicals - 1.4%
|
|
|
|
21,344
|
|
|
Monsanto Co.
|
$
|
2,279,966
|
|
31,948
|
|
|
The Mosaic Co.
|
|
1,967,677
|
|
|
|
|
|
$
|
4,247,643
|
|
|
|
|
Specialty Chemicals - 0.7%
|
|
|
|
25,011
|
|
|
Ecolab, Inc.
|
$
|
2,116,431
|
|
|
|
|
Diversified Metals & Mining - 0.9%
|
|
|
|
8,972
|
|
|
Compass Minerals International, Inc.
|
$
|
776,437
|
|
63,144
|
|
|
Freeport-McMoRan Copper & Gold, Inc.
|
|
1,921,472
|
|
|
|
|
|
$
|
2,697,909
|
|
|
|
|
Total Materials
|
$
|
9,061,983
|
|
|
|
|
Capital Goods - 6.5%
|
|
|
|
|
|
|
Aerospace & Defense - 2.1%
|
|
|
|
26,925
|
|
|
Raytheon Co.
|
$
|
1,652,656
|
|
49,857
|
|
|
United Technologies Corp.
|
|
4,551,446
|
|
|
|
|
|
$
|
6,204,102
|
|
|
|
|
Electrical Components & Equipment - 0.7%
|
|
|
|
23,891
|
|
|
Rockwell Automation, Inc.
|
$
|
2,025,479
|
|
|
|
|
Industrial Conglomerates - 1.7%
|
|
|
|
20,170
|
|
|
3M Co.
|
$
|
2,112,001
|
|
140,328
|
|
|
General Electric Co.
|
|
3,127,911
|
|
|
|
|
|
$
|
5,239,912
|
|
|
|
|
Construction & Farm Machinery & Heavy Trucks - 0.5%
|
|
|
|
14,779
|
|
|
Cummins, Inc.
|
$
|
1,572,338
|
|
|
|
|
Industrial Machinery - 1.5%
|
|
|
|
19,439
|
|
|
Ingersoll-Rand Plc
|
$
|
1,045,818
|
|
22,751
|
|
|
Snap-on, Inc.
|
|
1,961,136
|
|
8,946
|
|
|
SPX Corp.
|
|
666,566
|
|
17,257
|
|
|
Timken Co.
|
|
907,200
|
|
|
|
|
|
$
|
4,580,720
|
|
|
|
|
Total Capital Goods
|
$
|
19,622,551
|
|
|
|
|
Transportation - 1.1%
|
|
|
|
|
|
|
Air Freight & Logistics - 0.6%
|
|
|
|
21,177
|
|
|
United Parcel Service, Inc. (Class B)
|
$
|
1,817,834
|
|
|
|
|
Airlines - 0.5%
|
|
|
|
80,200
|
|
|
Delta Air Lines, Inc. *
|
$
|
1,374,628
|
|
|
|
|
Total Transportation
|
$
|
3,192,462
|
|
|
|
|
Automobiles & Components - 0.5%
|
|
|
|
|
|
|
Auto Parts & Equipment - 0.2%
|
|
|
|
17,233
|
|
|
Johnson Controls, Inc.
|
$
|
603,327
|
|
|
|
|
Automobile Manufacturers - 0.3%
|
|
|
|
60,488
|
|
|
Ford Motor Co.
|
$
|
829,290
|
|
|
|
|
Total Automobiles & Components
|
$
|
1,432,617
|
|
|
|
|
Consumer Durables & Apparel - 0.3%
|
|
|
|
|
|
|
Apparel, Accessories & Luxury Goods - 0.3%
|
|
|
|
36,920
|
|
|
True Religion Apparel, Inc.
|
$
|
999,055
|
|
|
|
|
Total Consumer Durables & Apparel
|
$
|
999,055
|
|
|
|
|
Consumer Services - 1.7%
|
|
|
|
|
|
|
Restaurants - 1.7%
|
|
|
|
5,139
|
|
|
Chipotle Mexican Grill, Inc. *
|
$
|
1,866,433
|
|
30,869
|
|
|
McDonald's Corp.
|
|
3,152,960
|
|
|
|
|
|
$
|
5,019,393
|
|
|
|
|
Total Consumer Services
|
$
|
5,019,393
|
|
|
|
|
Media - 3.4%
|
|
|
|
|
|
|
Cable & Satellite - 1.3%
|
|
|
|
96,574
|
|
|
Comcast Corp.
|
$
|
3,988,506
|
|
|
|
|
Movies & Entertainment - 1.4%
|
|
|
|
86,445
|
|
|
Regal Entertainment Group
|
$
|
1,550,823
|
|
30,895
|
|
|
The Walt Disney Co.
|
|
1,941,442
|
|
14,359
|
|
|
Time Warner, Inc.
|
|
858,381
|
|
|
|
|
|
$
|
4,350,646
|
|
|
|
|
Publishing - 0.7%
|
|
|
|
98,316
|
|
|
Gannett Co, Inc.
|
$
|
1,982,051
|
|
|
|
|
Total Media
|
$
|
10,321,203
|
|
|
|
|
Retailing - 1.4%
|
|
|
|
|
|
|
Apparel Retail - 0.3%
|
|
|
|
12,000
|
|
|
Ross Stores, Inc.
|
$
|
792,840
|
|
|
|
|
Home Improvement Retail - 1.1%
|
|
|
|
29,784
|
|
|
Lowe's Companies, Inc.
|
$
|
1,144,301
|
|
29,262
|
|
|
The Home Depot, Inc.
|
|
2,146,368
|
|
|
|
|
|
$
|
3,290,669
|
|
|
|
|
Total Retailing
|
$
|
4,083,509
|
|
|
|
|
Food & Staples Retailing - 1.8%
|
|
|
|
|
|
|
Drug Retail - 1.8%
|
|
|
|
39,293
|
|
|
CVS Caremark Corp.
|
$
|
2,286,067
|
|
66,030
|
|
|
Walgreen Co.
|
|
3,269,145
|
|
|
|
|
|
$
|
5,555,212
|
|
|
|
|
Total Food & Staples Retailing
|
$
|
5,555,212
|
|
|
|
|
Food, Beverage & Tobacco - 4.3%
|
|
|
|
|
|
|
Soft Drinks - 1.2%
|
|
|
|
28,431
|
|
|
Coca-Cola Enterprises, Inc.
|
$
|
1,041,428
|
|
32,073
|
|
|
PepsiCo, Inc.
|
|
2,645,060
|
|
|
|
|
|
$
|
3,686,488
|
|
|
|
|
Packaged Foods & Meats - 0.6%
|
|
|
|
18,000
|
|
|
Green Mountain Coffee Roasters, Inc. *
|
$
|
1,033,200
|
|
22,781
|
|
|
Hillshire Brands Co.
|
|
818,066
|
|
|
|
|
|
$
|
1,851,266
|
|
|
|
|
Tobacco - 2.5%
|
|
|
|
82,880
|
|
|
Altria Group, Inc.
|
$
|
3,025,949
|
|
45,570
|
|
|
Philip Morris International, Inc.
|
|
4,356,036
|
|
|
|
|
|
$
|
7,381,985
|
|
|
|
|
Total Food, Beverage & Tobacco
|
$
|
12,919,739
|
|
|
|
|
Household & Personal Products - 1.0%
|
|
|
|
|
|
|
Household Products - 1.0%
|
|
|
|
9,759
|
|
|
Colgate-Palmolive Co.
|
$
|
1,165,322
|
|
24,773
|
|
|
The Procter & Gamble Co.
|
|
1,901,823
|
|
|
|
|
|
$
|
3,067,145
|
|
|
|
|
Total Household & Personal Products
|
$
|
3,067,145
|
|
|
|
|
Health Care Equipment & Services - 2.7%
|
|
|
|
|
|
|
Health Care Equipment - 0.4%
|
|
|
|
20,479
|
|
|
Covidien Plc
|
$
|
1,307,379
|
|
|
|
|
Health Care Distributors - 1.1%
|
|
|
|
31,770
|
|
|
McKesson Corp.
|
$
|
3,361,901
|
|
|
|
|
Health Care Services - 0.4%
|
|
|
|
19,108
|
|
|
Express Scripts Holding Co. *
|
$
|
1,134,442
|
|
|
|
|
Managed Health Care - 0.8%
|
|
|
|
41,271
|
|
|
UnitedHealth Group, Inc.
|
$
|
2,473,371
|
|
|
|
|
Total Health Care Equipment & Services
|
$
|
8,277,093
|
|
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 6.8%
|
|
|
|
|
|
|
Biotechnology - 2.4%
|
|
|
|
12,017
|
|
|
Amgen, Inc.
|
$
|
1,252,292
|
|
21,344
|
|
|
Celgene Corp. *
|
|
2,520,086
|
|
40,903
|
|
|
Gilead Sciences, Inc. *
|
|
2,071,328
|
|
18,231
|
|
|
Vertex Pharmaceuticals, Inc. *
|
|
1,400,505
|
|
|
|
|
|
$
|
7,244,211
|
|
|
|
|
Pharmaceuticals - 4.4%
|
|
|
|
26,455
|
|
|
AbbVie, Inc.
|
$
|
1,218,253
|
|
17,334
|
|
|
Actavis, Inc. *
|
|
1,832,724
|
|
15,456
|
|
|
AstraZeneca Plc (A.D.R.)
|
|
802,476
|
|
47,762
|
|
|
Johnson & Johnson
|
|
4,070,755
|
|
183,500
|
|
|
Pfizer, Inc.
|
|
5,334,345
|
|
1,600
|
|
|
Zoetis, Inc.
|
|
52,832
|
|
|
|
|
|
$
|
13,311,385
|
|
|
|
|
Total Pharmaceuticals, Biotechnology & Life Sciences
|
$
|
20,555,596
|
|
|
|
|
Banks - 2.0%
|
|
|
|
|
|
|
Diversified Banks - 0.3%
|
|
|
|
22,150
|
|
|
US Bancorp
|
$
|
737,152
|
|
|
|
|
Regional Banks - 1.3%
|
|
|
|
100,116
|
|
|
KeyCorp
|
$
|
998,157
|
|
44,081
|
|
|
The PNC Financial Services Group, Inc.
|
|
2,992,218
|
|
|
|
|
|
$
|
3,990,375
|
|
|
|
|
Thrifts & Mortgage Finance - 0.4%
|
|
|
|
91,424
|
|
|
New York Community Bancorp, Inc.
|
$
|
1,238,795
|
|
|
|
|
Total Banks
|
$
|
5,966,322
|
|
|
|
|
Diversified Financials - 4.2%
|
|
|
|
|
|
|
Other Diversified Financial Services - 1.2%
|
|
|
|
82,708
|
|
|
Citigroup, Inc.
|
$
|
3,859,155
|
|
|
|
|
Consumer Finance - 0.7%
|
|
|
|
47,035
|
|
|
Discover Financial Services
|
$
|
2,057,311
|
|
|
|
|
Asset Management & Custody Banks - 1.4%
|
|
|
|
94,461
|
|
|
Ares Capital Corp.
|
$
|
1,715,412
|
|
7,149
|
|
|
Franklin Resources, Inc.
|
|
1,105,664
|
|
24,827
|
|
|
The Carlyle Group LP
|
|
806,381
|
|
16,658
|
|
|
Walter Investment Management Corp. *
|
|
559,042
|
|
|
|
|
|
$
|
4,186,499
|
|
|
|
|
Investment Banking & Brokerage - 0.9%
|
|
|
|
18,537
|
|
|
The Goldman Sachs Group, Inc.
|
$
|
2,707,700
|
|
|
|
|
Total Diversified Financials
|
$
|
12,810,665
|
|
|
|
|
Real Estate - 1.6%
|
|
|
|
|
|
|
Residential REIT's - 0.6%
|
|
|
|
37,995
|
|
|
American Campus Communities, Inc.
|
$
|
1,696,097
|
|
|
|
|
Specialized REIT's - 1.0%
|
|
|
|
93,898
|
|
|
Chesapeake Lodging Trust
|
$
|
2,221,627
|
|
18,984
|
|
|
Plum Creek Timber Co, Inc.
|
|
978,435
|
|
|
|
|
|
$
|
3,200,062
|
|
|
|
|
Total Real Estate
|
$
|
4,896,159
|
|
|
|
|
Software & Services - 5.4%
|
|
|
|
|
|
|
Internet Software & Services - 2.3%
|
|
|
|
18,380
|
|
|
eBay, Inc. *
|
$
|
962,928
|
|
7,130
|
|
|
Google, Inc. *
|
|
5,879,188
|
|
|
|
|
|
$
|
6,842,116
|
|
|
|
|
Data Processing & Outsourced Services - 0.5%
|
|
|
|
8,256
|
|
|
Visa, Inc.
|
$
|
1,390,806
|
|
|
|
|
Application Software - 0.9%
|
|
|
|
26,287
|
|
|
Adobe Systems, Inc. *
|
$
|
1,185,018
|
|
17,345
|
|
|
Citrix Systems, Inc. *
|
|
1,078,339
|
|
31,698
|
|
|
Nuance Communications, Inc. *
|
|
603,530
|
|
|
|
|
|
$
|
2,866,887
|
|
|
|
|
Systems Software - 1.7%
|
|
|
|
30,686
|
|
|
Check Point Software Technologies, Ltd. *
|
$
|
1,430,581
|
|
113,930
|
|
|
Microsoft Corp.
|
|
3,771,083
|
|
|
|
|
|
$
|
5,201,664
|
|
|
|
|
Total Software & Services
|
$
|
16,301,473
|
|
|
|
|
Technology Hardware & Equipment - 4.2%
|
|
|
|
|
|
|
Communications Equipment - 1.9%
|
|
|
|
11,616
|
|
|
Motorola Solutions, Inc.
|
$
|
664,435
|
|
80,005
|
|
|
Qualcomm, Inc.
|
|
4,929,908
|
|
|
|
|
|
$
|
5,594,343
|
|
|
|
|
Computer Hardware - 1.8%
|
|
|
|
12,573
|
|
|
Apple, Inc.
|
$
|
5,566,696
|
|
|
|
|
Computer Storage & Peripherals - 0.5%
|
|
|
|
30,932
|
|
|
EMC Corp. *
|
$
|
693,805
|
|
16,548
|
|
|
SanDisk Corp. *
|
|
867,777
|
|
|
|
|
|
$
|
1,561,582
|
|
|
|
|
Total Technology Hardware & Equipment
|
$
|
12,722,621
|
|
|
|
|
Semiconductors & Semiconductor Equipment - 2.4%
|
|
|
|
|
|
|
Semiconductors - 2.4%
|
|
|
|
36,629
|
|
|
Analog Devices, Inc.
|
$
|
1,611,310
|
|
55,293
|
|
|
Intel Corp.
|
|
1,324,267
|
|
33,065
|
|
|
Maxim Integrated Products, Inc.
|
|
1,022,700
|
|
54,478
|
|
|
Microchip Technology, Inc.
|
|
1,984,089
|
|
34,849
|
|
|
Xilinx, Inc.
|
|
1,321,126
|
|
|
|
|
|
$
|
7,263,492
|
|
|
|
|
Total Semiconductors & Semiconductor Equipment
|
$
|
7,263,492
|
|
|
|
|
Telecommunication Services - 1.1%
|
|
|
|
|
|
|
Integrated Telecommunication Services - 1.1%
|
|
|
|
84,537
|
|
|
CenturyLink, Inc.
|
$
|
3,176,055
|
|
|
|
|
Total Telecommunication Services
|
$
|
3,176,055
|
|
|
|
|
Utilities - 0.7%
|
|
|
|
|
|
|
Gas Utilities - 0.3%
|
|
|
|
18,924
|
|
|
ONEOK, Inc.
|
$
|
971,937
|
|
|
|
|
Multi-Utilities - 0.4%
|
|
|
|
29,200
|
|
|
Ameren Corp.
|
$
|
1,058,500
|
|
|
|
|
Total Utilities
|
$
|
2,030,437
|
|
|
|
|
TOTAL COMMON STOCKS
|
|
|
|
|
|
|
(Cost $150,252,440)
|
$
|
192,120,952
|
|
Principal Amount ($)
|
|
|
|
|
|
|
|
ASSET BACKED SECURITIES - 1.2%
|
|
|
|
|
|
|
Materials - 0.4%
|
|
|
|
|
|
|
Diversified Metals & Mining - 0.1%
|
|
|
|
100,428
|
|
BBB+/Baa1
|
Lehman ABS Manufactured Housing Contract Trust 2001-B, 5.873%, 4/15/40
|
$
|
109,677
|
|
|
|
|
Precious Metals & Minerals - 0.1%
|
|
|
|
311,983
|
|
AA+/A2
|
Credit-Based Asset Servicing and Securitization LLC, 5.334%, 7/25/35 (Step)
|
$
|
308,989
|
|
|
|
|
Steel - 0.2%
|
|
|
|
106,783
|
1.28
|
AAA/A1
|
Accredited Mortgage Loan Trust 2004-3, Floating Rate Note, 10/25/34
|
$
|
102,154
|
|
6,436
|
0.86
|
AA+/A3
|
Asset Backed Securities Corp. Home Equity, Floating Rate Note, 4/25/35
|
6,425
|
|
34,423
|
1.55
|
A+/Ba1
|
CDC Mortgage Capital Trust 2003-HE1, Floating Rate Note, 8/25/33
|
|
32,531
|
|
37,119
|
0.61
|
AAA/Aaa
|
Home Equity Asset Trust 2005-5, Floating Rate Note, 11/25/35
|
|
36,797
|
|
61,918
|
0.48
|
AAA/Aa1
|
Home Equity Asset Trust 2005-6, Floating Rate Note, 12/25/35
|
|
61,486
|
|
115,505
|
|
AAA/Aaa
|
HSBC Home Equity Loan Trust USA 2006-3, 5.63%, 3/20/36 (Step)
|
|
116,437
|
|
246,195
|
0.46
|
AA+/Aa3
|
Option One Mortgage Loan Trust 2005-4 Asset-Backed Certificates Series 2005-4, Floating Rate Note, 11/25/35
|
241,895
|
|
|
|
|
|
$
|
597,725
|
|
|
|
|
Total Materials
|
$
|
1,016,391
|
|
|
|
|
Banks - 0.3%
|
|
|
|
|
|
|
Diversified Banks - 0.0%
|
|
|
|
82,171
|
0.29
|
NR/Aa1
|
Wells Fargo Home Equity Asset-Backed Securities 2007-2 Trust, Floating Rate Note, 4/25/37
|
$
|
81,537
|
|
|
|
|
Thrifts & Mortgage Finance - 0.3%
|
|
|
|
425,163
|
|
BB-/B1
|
Citicorp Residential Mortgage Trust Series 2006-1, 5.939%, 7/25/36 (Step)
|
$
|
424,066
|
|
37,567
|
0.61
|
AAA/A3
|
Citigroup Mortgage Loan Trust, Inc., Floating Rate Note, 7/25/35
|
|
37,555
|
|
5,203
|
|
AA/NR
|
Leaf Receivables Funding 4 LLC, 4.9%, 2/20/22 (144A)
|
|
5,203
|
|
157,585
|
|
A/NR
|
STORE Master Funding LLC, 5.77%, 8/20/42 (144A)
|
|
168,082
|
|
44,287
|
0.60
|
AA+/Aa1
|
Structured Asset Investment Loan Trust 2005-4, Floating Rate Note, 5/25/35
|
44,014
|
|
150,000
|
0.33
|
CCC/Ba2
|
Structured Asset Securities Corp Mortgage Loan Trust 2007-BC2, Floating Rate Note, 3/25/37
|
144,009
|
|
|
|
|
|
$
|
822,929
|
|
|
|
|
Total Banks
|
$
|
904,466
|
|
|
|
|
Diversified Financials - 0.5%
|
|
|
|
|
|
|
Specialized Finance - 0.4%
|
|
|
|
883,125
|
|
BBB+/Baa1
|
Domino's Pizza Master Issuer LLC, 5.216%, 1/25/42 (144A)
|
$
|
992,527
|
|
305,000
|
0.64
|
NR/Aaa
|
GE Dealer Floorplan Master Note Trust, Floating Rate Note, 10/20/17
|
|
305,608
|
|
|
|
|
|
$
|
1,298,135
|
|
|
|
|
Consumer Finance - 0.1%
|
|
|
|
309,625
|
|
NR/Aa3
|
California Republic Auto Receivables Trust 2012-1, 1.18%, 8/15/17 (144A)
|
$
|
309,756
|
|
|
|
|
Total Diversified Financials
|
$
|
1,607,891
|
|
|
|
|
TOTAL ASSET BACKED SECURITIES
|
|
|
|
|
|
|
(Cost $3,349,486)
|
$
|
3,528,748
|
|
|
|
|
|
|
|
|
|
|
|
COLLATERALIZED MORTGAGE OBLIGATIONS - 3.8%
|
|
|
|
|
|
|
Banks - 2.1%
|
|
|
|
|
|
|
Thrifts & Mortgage Finance - 2.1%
|
|
|
|
349,555
|
|
B-/NR
|
Alternative Loan Trust 2004-14T2, 5.5%, 8/25/34
|
$
|
345,886
|
|
79,022
|
|
BBB+/Ba3
|
Alternative Loan Trust 2004-2CB, 5.125%, 3/25/34
|
|
79,918
|
|
232,885
|
|
CCC/Caa3
|
Alternative Loan Trust 2005-1CB, 5.5%, 3/25/35
|
|
212,597
|
|
212,147
|
|
A+/Baa2
|
Banc of America Alternative Loan Trust 2003-2, 5.75%, 4/25/33
|
|
230,161
|
|
390,788
|
|
NR/Baa2
|
Banc of America Alternative Loan Trust 2003-7, 5.5%, 9/25/33
|
|
397,742
|
|
312,768
|
|
NR/Ba2
|
Banc of America Alternative Loan Trust 2004-2, 6.0%, 3/25/34
|
|
322,590
|
|
61,127
|
0.30
|
AAA/NR
|
Banc of America Funding 2010-R4 Trust, Floating Rate Note, 9/26/46 (144A)
|
60,644
|
|
158,582
|
2.34
|
AA+/Baa2
|
Bear Stearns ARM Trust 2003-5, Floating Rate Note, 8/25/33
|
|
157,758
|
|
75,886
|
|
AAA/Aaa
|
Bear Stearns Commercial Mortgage Securities Trust 2004-PWR6, 4.705%, 11/11/41
|
77,239
|
|
100,000
|
4.65
|
AA-/A1
|
City Center Trust 2011-CCHP, Floating Rate Note, 7/15/28 (144A)
|
|
100,392
|
|
168,000
|
|
AAA/Aaa
|
COMM 2012-CCRE4 Mortgage Trust, 2.436%, 10/15/45
|
|
171,560
|
|
170,977
|
5.73
|
B/NR
|
GSR Mortgage Loan Trust 2004-3F, Floating Rate Note, 2/25/34
|
|
166,722
|
|
250,000
|
|
AAA/NR
|
JP Morgan Chase Commercial Mortgage Securities Trust 2010-C2, 3.616%, 11/15/43 (144A)
|
273,830
|
|
156,630
|
2.15
|
A+/Baa1
|
JP Morgan Mortgage Trust 2003-A1, Floating Rate Note, 10/25/33
|
|
159,421
|
|
14,679
|
5.41
|
AAA/Aaa
|
Lehman Brothers Small Balance Commercial Mortgage Trust 2006-3, Floating Rate Note, 12/25/36 (144A)
|
14,784
|
|
27,107
|
1.05
|
AAA/Aaa
|
Lehman Brothers Small Balance Commercial Mortgage Trust 2007-3 Class 1A2, Floating Rate Note, 10/25/37 (144A)
|
27,023
|
|
138,900
|
0.45
|
AAA/Aa1
|
Lehman Brothers Small Balance Commercial, Floating Rate Note, 2/25/30 (144A)
|
123,621
|
|
194,801
|
|
B-/NR
|
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34
|
|
198,747
|
|
266,651
|
0.66
|
AA+/Ba3
|
Merrill Lynch Mortgage Investors Trust Series MLCC 2005-A, Floating Rate Note, 3/25/30
|
253,379
|
|
831,919
|
|
BBB-/Baa3
|
RALI Series 2003-QR24 Trust, 4.0%, 7/25/33
|
|
856,389
|
|
109,214
|
0.78
|
A+/A2
|
RAMP Series 2004-SL1 Trust, Floating Rate Note, 10/25/31
|
|
79,128
|
|
185,153
|
|
BBB/NR
|
Residential Asset Securitization Trust 2004-A8, 5.25%, 11/25/34
|
|
188,076
|
|
284,002
|
|
CCC/NR
|
Residential Asset Securitization Trust 2005-A9, 5.5%, 7/25/35
|
|
286,178
|
|
173,500
|
0.88
|
AA+/A2
|
Structured Asset Mortgage Investments II Trust 2004-AR8, Floating Rate Note, 5/19/35
|
169,009
|
|
350,000
|
|
BB/B1
|
Timberstar Trust, 7.53%, 10/15/36 (144A)
|
|
362,321
|
|
356,638
|
2.50
|
BBB/NR
|
WaMu Mortgage Pass Through Certificates, Floating Rate Note, 3/25/35
|
354,224
|
|
375,000
|
|
NR/Aaa
|
Wells Fargo Commercial Mortgage Trust 2012-LC5, 3.539%, 10/15/45
|
|
396,232
|
|
160,438
|
|
BB+/Ba2
|
Wells Fargo Mortgage Backed Securities 2005-9 Trust, 5.5%, 10/25/35
|
|
163,612
|
|
214,880
|
2.64
|
NR/Ba2
|
Wells Fargo Mortgage Backed Securities 2006-AR6 Trust, Floating Rate Note, 3/25/36
|
213,177
|
|
|
|
|
|
$
|
6,442,360
|
|
|
|
|
Total Banks
|
$
|
6,442,360
|
|
|
|
|
Diversified Financials - 0.8%
|
|
|
|
|
|
|
Other Diversified Financial Services - 0.8%
|
|
|
|
170,462
|
5.07
|
BBB+/NR
|
Banc of America Mortgage 2005-H Trust, Floating Rate Note, 9/25/35
|
$
|
170,570
|
|
86,632
|
|
A+/NR
|
Banc of America Mortgage Trust 2004-11, 5.75%, 1/25/35
|
|
88,788
|
|
333,000
|
1.50
|
AA-/NR
|
Del Coronado Trust, Floating Rate Note, 3/15/26 (144A)
|
|
333,025
|
|
300,000
|
5.49
|
NR/A2
|
LSTAR Commercial Mortgage Trust, Floating Rate Note, 6/25/43 (144A)
|
323,866
|
|
46,942
|
2.52
|
BBB+/NR
|
Merrill Lynch Mortgage Investors Trust Series MLMI 2005-A2, Floating Rate Note, 2/25/35
|
47,635
|
|
202,049
|
2.52
|
A+/NR
|
Merrill Lynch Mortgage Investors Trust Series MLMI 2005-A2, Floating Rate Note, 2/25/35
|
203,064
|
|
682,765
|
|
NR/B1
|
RALI Series 2004-QS13 Trust, 5.0%, 9/25/19
|
|
701,912
|
|
108,162
|
0.80
|
BB+/Ba3
|
RALI Series 2004-QS5 Trust, Floating Rate Note, 4/25/34
|
|
103,660
|
|
166,811
|
3.00
|
BB+/Ba2
|
Structured Adjustable Rate Mortgage Loan Trust Class 1A1, Floating Rate Note, 3/25/34
|
162,707
|
|
128,150
|
2.57
|
BBB-/B3
|
Structured Adjustable Rate Mortgage Loan Trust, Floating Rate Note, 1/25/35
|
123,940
|
|
176,281
|
2.79
|
A+/Ba2
|
Structured Adjustable Rate Mortgage Loan Trust, Floating Rate Note, 9/25/34
|
176,781
|
|
|
|
|
|
$
|
2,435,948
|
|
|
|
|
Total Diversified Financials
|
$
|
2,435,948
|
|
|
|
|
Real Estate - 0.1%
|
|
|
|
|
|
|
Mortgage REIT's - 0.1%
|
|
|
|
109,000
|
3.82
|
NR/NR
|
FREMF Mortgage Trust Class B, Floating Rate Note, 6/25/47 (144A)
|
$
|
115,404
|
|
|
|
|
Total Real Estate
|
$
|
115,404
|
|
|
|
|
Government - 0.8%
|
|
|
|
|
|
|
Government - 0.8%
|
|
|
|
31,476
|
|
AA+/AAA
|
Fannie Mae Benchmark REMIC, 5.45%, 12/25/20
|
$
|
31,911
|
|
50,817
|
|
AA+/AAA
|
Fannie Mae REMICS, 5.5%, 10/25/32
|
|
50,924
|
|
132,298
|
0.52
|
AA+/AAA
|
Fannie Mae REMICS, Floating Rate Note, 11/25/36
|
|
132,833
|
|
216,406
|
4.21
|
AA+/AAA
|
Fannie Mae REMICS, Floating Rate Note, 3/25/39
|
|
226,074
|
|
211,586
|
0.50
|
AA+/AAA
|
Fannie Mae REMICS, Floating Rate Note, 4/25/36
|
|
211,901
|
|
521,804
|
0.65
|
AA+/AAA
|
Fannie Mae REMICS, Floating Rate Note, 7/25/41
|
|
526,853
|
|
104,730
|
0.75
|
AA+/AAA
|
Fannie Mae REMICS, Floating Rate Note, 9/25/37
|
|
105,666
|
|
781,559
|
|
AA+/AAA
|
Freddie Mac REMICS, 3.5%, 11/15/25
|
|
861,013
|
|
77,134
|
|
AA+/AAA
|
Freddie Mac REMICS, 5.0%, 6/15/34
|
|
79,535
|
|
88,141
|
0.90
|
AA+/AAA
|
Freddie Mac REMICS, Floating Rate Note, 2/15/24
|
|
88,406
|
|
66,870
|
0.70
|
AA+/AAA
|
Government National Mortgage Association, Floating Rate Note, 11/20/30
|
67,763
|
|
|
|
|
|
$
|
2,382,879
|
|
|
|
|
Total Government
|
$
|
2,382,879
|
|
|
|
|
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
|
|
|
|
|
|
|
(Cost $11,033,595)
|
$
|
11,376,591
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE BONDS - 21.5%
|
|
|
|
|
|
|
Energy - 2.3%
|
|
|
|
|
|
|
Oil & Gas Drilling - 0.2%
|
|
|
|
225,000
|
|
BBB+/Baa1
|
Pride International, Inc., 6.875%, 8/15/20
|
$
|
285,954
|
|
250,000
|
|
BBB-/Baa3
|
Transocean, Inc., 6.375%, 12/15/21
|
|
299,455
|
|
|
|
|
|
$
|
585,409
|
|
|
|
|
Oil & Gas Equipment & Services - 0.2%
|
|
|
|
355,000
|
|
BBB-/Baa2
|
Weatherford International, Ltd. Bermuda, 9.625%, 3/1/19
|
$
|
469,407
|
|
|
|
|
Oil & Gas Exploration & Production - 0.3%
|
|
|
|
175,000
|
|
BBB+/Baa1
|
Canadian Natural Resources, Ltd., 5.9%, 2/1/18
|
$
|
208,731
|
|
200,000
|
|
NR/A1
|
Dolphin Energy, Ltd., 5.5%, 12/15/21 (144A)
|
|
237,000
|
|
400,000
|
|
BBB-/Baa3
|
Novatek OAO via Novatek Finance, Ltd., 4.422%, 12/13/22 (144A)
|
|
402,500
|
|
|
|
|
|
$
|
848,231
|
|
|
|
|
Oil & Gas Refining & Marketing - 0.5%
|
|
|
|
360,000
|
|
A/A2
|
Motiva Enterprises LLC, 5.75%, 1/15/20 (144A)
|
$
|
436,573
|
|
525,000
|
|
BBB/Baa2
|
Spectra Energy Capital LLC, 6.2%, 4/15/18
|
|
635,365
|
|
370,000
|
|
BBB/Baa2
|
Valero Energy Corp., 9.375%, 3/15/19
|
|
508,521
|
|
|
|
|
|
$
|
1,580,459
|
|
|
|
|
Oil & Gas Storage & Transportation - 1.1%
|
|
|
|
90,000
|
|
BBB-/Baa2
|
Boardwalk Pipelines LP, 5.5%, 2/1/17
|
$
|
100,520
|
|
125,000
|
|
BBB-/Baa3
|
Buckeye Partners LP, 6.05%, 1/15/18
|
|
142,308
|
|
385,000
|
|
BBB/Baa2
|
DCP Midstream LLC, 9.75%, 3/15/19 (144A)
|
|
508,515
|
|
400,000
|
7.00
|
BBB-/Baa2
|
Enterprise Products Operating LLC, Floating Rate Note, 6/1/67
|
|
432,000
|
|
550,000
|
|
BBB/Baa2
|
Kinder Morgan Energy Partners LP, 5.95%, 2/15/18
|
|
660,352
|
|
450,000
|
|
BBB/Baa2
|
Plains All American Pipeline LP, 6.125%, 1/15/17
|
|
528,212
|
|
425,000
|
|
A/A3
|
Questar Pipeline Co., 5.83%, 2/1/18
|
|
496,696
|
|
200,000
|
|
BBB/Baa2
|
Spectra Energy Capital LLC, 6.75%, 7/15/18
|
|
235,555
|
|
242,000
|
|
BBB-/Baa3
|
The Williams Companies, Inc., 7.75%, 6/15/31
|
|
308,760
|
|
|
|
|
|
$
|
3,412,918
|
|
|
|
|
Total Energy
|
$
|
6,896,424
|
|
|
|
|
Materials - 1.0%
|
|
|
|
|
|
|
Industrial Gases - 0.1%
|
|
|
|
460,000
|
|
BBB/Baa2
|
Airgas, Inc., 2.85%, 10/1/13
|
$
|
464,411
|
|
|
|
|
Specialty Chemicals - 0.1%
|
|
|
|
200,000
|
|
BBB/Baa2
|
Cytec Industries, Inc., 3.5%, 4/1/23
|
$
|
204,865
|
|
|
|
|
Construction Materials - 0.0%
|
|
|
|
125,000
|
|
BBB/Baa2
|
Holcim US Finance Sarl & Cie SCS, 6.0%, 12/30/19 (144A)
|
$
|
146,832
|
|
|
|
|
Aluminum - 0.1%
|
|
|
|
180,000
|
|
BBB-/Baa3
|
Alcoa, Inc., 6.15%, 8/15/20
|
$
|
196,215
|
|
|
|
|
Diversified Metals & Mining - 0.5%
|
|
|
|
450,000
|
|
BBB-/Baa2
|
AngloGold Ashanti Holdings Plc, 5.375%, 4/15/20
|
$
|
471,761
|
|
150,000
|
|
BBB/Baa3
|
Freeport-McMoRan Copper & Gold, Inc., 3.875%, 3/15/23 (144A)
|
|
151,198
|
|
350,000
|
|
BB+/Ba1
|
Gold Fields Orogen Holding BVI, Ltd., 4.875%, 10/7/20 (144A)
|
|
336,672
|
|
425,000
|
|
A-/Baa2
|
Vale Canada, Ltd., 7.2%, 9/15/32
|
|
507,431
|
|
|
|
|
|
$
|
1,467,062
|
|
|
|
|
Steel - 0.2%
|
|
|
|
230,000
|
|
BB+/Ba1
|
ArcelorMittal, 6.125%, 6/1/18
|
$
|
251,941
|
|
195,000
|
|
BB+/Ba2
|
Commercial Metals Co., 7.35%, 8/15/18
|
|
215,475
|
|
|
|
|
|
$
|
467,416
|
|
|
|
|
Total Materials
|
$
|
2,946,801
|
|
|
|
|
Capital Goods - 1.0%
|
|
|
|
|
|
|
Aerospace & Defense - 0.1%
|
|
|
|
250,000
|
|
A-/A2
|
Precision Castparts Corp., 1.25%, 1/15/18
|
$
|
251,162
|
|
|
|
|
Building Products - 0.2%
|
|
|
|
520,000
|
|
BBB-/Ba3
|
Masco Corp., 7.125%, 3/15/20
|
$
|
605,667
|
|
|
|
|
Industrial Conglomerates - 0.2%
|
|
|
|
536,000
|
|
A/A2
|
Cargill, Inc., 4.307%, 5/14/21 (144A)
|
$
|
603,371
|
|
|
|
|
Construction & Farm Machinery & Heavy Trucks - 0.1%
|
|
|
|
250,000
|
|
A/A3
|
Cummins, Inc., 5.65%, 3/1/98
|
$
|
265,208
|
|
130,000
|
|
A/A3
|
Cummins, Inc., 6.75%, 2/15/27
|
|
165,593
|
|
|
|
|
|
$
|
430,801
|
|
|
|
|
Industrial Machinery - 0.1%
|
|
|
|
150,000
|
|
BBB-/Baa3
|
Valmont Industries, Inc., 6.625%, 4/20/20
|
$
|
179,001
|
|
|
|
|
Trading Companies & Distributors - 0.3%
|
|
|
|
875,000
|
|
BB+/NR
|
Aviation Capital Group Corp., 6.75%, 4/6/21 (144A)
|
$
|
976,930
|
|
|
|
|
Total Capital Goods
|
$
|
3,046,932
|
|
|
|
|
Transportation - 0.2%
|
|
|
|
|
|
|
Airlines - 0.0%
|
|
|
|
4,663
|
|
BBB+/Baa2
|
Continental Airlines 1998-1 Class A Pass Through Trust, 6.648%, 9/15/17
|
$
|
5,050
|
|
86,933
|
|
A-/Baa2
|
Delta Air Lines 2010-2 Class A Pass Through Trust, 4.95%, 5/23/19
|
|
95,409
|
|
|
|
|
|
$
|
100,459
|
|
|
|
|
Trucking - 0.2%
|
|
|
|
435,000
|
|
BBB-/Baa2
|
Asciano Finance, Ltd., 5.0%, 4/7/18 (144A)
|
$
|
478,587
|
|
|
|
|
Total Transportation
|
$
|
579,046
|
|
|
|
|
Automobiles & Components - 0.0%
|
|
|
|
|
|
|
Automobile Manufacturers - 0.0%
|
|
|
|
55,000
|
|
BBB+/Baa1
|
Hyundai Motor Manufacturing Czech sro, 4.5%, 4/15/15 (144A)
|
$
|
58,092
|
|
70,000
|
|
BBB+/A3
|
Nissan Motor Acceptance Corp., 4.5%, 1/30/15 (144A)
|
|
74,444
|
|
|
|
|
|
$
|
132,536
|
|
|
|
|
Total Automobiles & Components
|
$
|
132,536
|
|
|
|
|
Consumer Services - 0.4%
|
|
|
|
|
|
|
Hotels, Resorts & Cruise Lines - 0.1%
|
|
|
|
240,000
|
|
BBB/Baa2
|
Marriott International, Inc. Delaware, 3.25%, 9/15/22
|
$
|
244,082
|
|
|
|
|
Education Services - 0.3%
|
|
|
|
250,000
|
|
AAA/Aaa
|
Massachusetts Institute of Technology, 5.6%, 7/1/11
|
$
|
351,060
|
|
300,000
|
|
AAA/Aaa
|
The Board of Trustees of The Leland Stanford Junior University, 4.75%, 5/1/19
|
358,011
|
|
250,000
|
|
A+/A1
|
The George Washington University, 1.827%, 9/15/17
|
|
256,434
|
|
|
|
|
|
$
|
965,505
|
|
|
|
|
Total Consumer Services
|
$
|
1,209,587
|
|
|
|
|
Media - 0.5%
|
|
|
|
|
|
|
Broadcasting - 0.2%
|
|
|
|
512,000
|
|
BBB+/Baa1
|
News America, Inc., 7.3%, 4/30/28
|
$
|
661,520
|
|
|
|
|
Cable & Satellite - 0.3%
|
|
|
|
125,000
|
|
BBB+/Baa1
|
British Sky Broadcasting Group Plc, 6.1%, 2/15/18 (144A)
|
$
|
149,171
|
|
400,000
|
|
BBB/Baa2
|
Time Warner Cable, Inc., 5.0%, 2/1/20
|
|
461,830
|
|
100,000
|
|
BBB/Baa2
|
Time Warner Cable, Inc., 8.25%, 4/1/19
|
|
131,231
|
|
50,000
|
|
BBB/Baa2
|
Time Warner Cable, Inc., 8.75%, 2/14/19
|
|
66,853
|
|
|
|
|
|
$
|
809,085
|
|
|
|
|
Total Media
|
$
|
1,470,605
|
|
|
|
|
Retailing - 0.2%
|
|
|
|
|
|
|
Internet Retail - 0.2%
|
|
|
|
425,000
|
|
BBB-/Ba1
|
Expedia, Inc., 5.95%, 8/15/20
|
$
|
476,174
|
|
|
|
|
Total Retailing
|
$
|
476,174
|
|
|
|
|
Food & Staples Retailing - 0.1%
|
|
|
|
|
|
|
Drug Retail - 0.1%
|
|
|
|
183,491
|
|
BBB+/Baa2
|
CVS Pass-Through Trust, 5.298%, 1/11/27 (144A)
|
$
|
209,085
|
|
118,219
|
|
BBB+/Baa2
|
CVS Pass-Through Trust, 5.773%, 1/10/33 (144A)
|
|
140,681
|
|
|
|
|
|
$
|
349,766
|
|
|
|
|
Total Food & Staples Retailing
|
$
|
349,766
|
|
|
|
|
Food, Beverage & Tobacco - 0.3%
|
|
|
|
|
|
|
Brewers - 0.0%
|
|
|
|
55,000
|
|
A/A3
|
Anheuser-Busch InBev Worldwide, Inc., 7.75%, 1/15/19
|
$
|
72,553
|
|
|
|
|
Soft Drinks - 0.1%
|
|
|
|
200,000
|
|
BBB/A3
|
Coca-Cola Enterprises, Inc., 4.5%, 9/1/21
|
$
|
228,686
|
|
|
|
|
Agricultural Products - 0.1%
|
|
|
|
410,000
|
|
BBB/Baa2
|
Viterra, Inc., 5.95%, 8/1/20 (144A)
|
$
|
447,302
|
|
|
|
|
Packaged Foods & Meats - 0.1%
|
|
|
|
250,000
|
|
BBB/Baa2
|
Kraft Foods Group, Inc., 3.5%, 6/6/22
|
$
|
266,544
|
|
|
|
|
Total Food, Beverage & Tobacco
|
$
|
1,015,085
|
|
|
|
|
Household & Personal Products - 0.1%
|
|
|
|
|
|
|
Personal Products - 0.1%
|
|
|
|
200,000
|
|
BBB-/Baa2
|
Avon Products, Inc., 5.0%, 3/15/23
|
$
|
217,609
|
|
|
|
|
Total Household & Personal Products
|
$
|
217,609
|
|
|
|
|
Health Care Equipment & Services - 0.1%
|
|
|
|
|
|
|
Health Care Services - 0.1%
|
|
|
|
230,000
|
|
BBB+/Baa3
|
Express Scripts Holding Co., 3.125%, 5/15/16
|
$
|
243,446
|
|
|
|
|
Managed Health Care - 0.0%
|
|
|
|
100,000
|
|
A-/Baa2
|
WellPoint, Inc., 3.3%, 1/15/23
|
$
|
103,138
|
|
|
|
|
Total Health Care Equipment & Services
|
$
|
346,584
|
|
|
|
|
Pharmaceuticals, Biotechnology & Life Sciences - 0.1%
|
|
|
|
|
|
|
Biotechnology - 0.1%
|
|
|
|
285,000
|
|
AA-/A1
|
Genzyme Corp., 3.625%, 6/15/15
|
$
|
303,347
|
|
|
|
|
Total Pharmaceuticals, Biotechnology & Life Sciences
|
$
|
303,347
|
|
|
|
|
Banks - 2.8%
|
|
|
|
|
|
|
Diversified Banks - 0.9%
|
|
|
|
270,000
|
|
A+/A2
|
Barclays Bank Plc, 5.2%, 7/10/14
|
$
|
284,188
|
|
705,000
|
|
BBB+/Baa3
|
Barclays Bank Plc, 6.05%, 12/4/17 (144A)
|
|
798,148
|
|
200,000
|
|
AA-/Aa2
|
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA Netherlands, 3.875%, 2/8/22
|
217,218
|
|
200,000
|
|
A+/Aa3
|
HSBC Holdings Plc, 4.875%, 1/14/22
|
|
233,933
|
|
250,000
|
|
BBB+/Baa2
|
Intesa Sanpaolo S.p.A., 3.125%, 1/15/16
|
|
249,909
|
|
200,000
|
|
BBB+/Baa2
|
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A)
|
|
217,672
|
|
250,000
|
|
BBB/A3
|
Macquarie Bank, Ltd., 6.625%, 4/7/21 (144A)
|
|
285,410
|
|
250,000
|
|
A/Baa1
|
Nordea Bank AB, 4.25%, 9/21/22 (144A)
|
|
263,380
|
|
250,000
|
6.38
|
A-/A3
|
Northgroup Preferred Capital Corp., Floating Rate Note, 1/29/49 (Perpetual) (144A)
|
256,250
|
|
|
|
|
|
$
|
2,806,108
|
|
|
|
|
Regional Banks - 1.9%
|
|
|
|
138,000
|
|
A-/A2
|
BB&T Corp., 1.6%, 8/15/17
|
$
|
139,867
|
|
250,000
|
|
A-/A2
|
BB&T Corp., 5.7%, 4/30/14
|
|
263,098
|
|
250,000
|
|
A/A2
|
HSBC Bank USA NA New York NY, 6.0%, 8/9/17
|
|
293,064
|
|
875,000
|
|
BBB+/Baa1
|
KeyBank NA Cleveland Ohio, 5.8%, 7/1/14
|
|
926,600
|
|
250,000
|
|
BBB+/Baa1
|
KeyCorp, 6.5%, 5/14/13
|
|
250,484
|
|
450,000
|
|
A/A1
|
Mellon Funding Corp., 5.5%, 11/15/18
|
|
531,902
|
|
850,000
|
|
BBB-/Baa2
|
Sovereign Bank, 8.75%, 5/30/18
|
|
1,028,186
|
|
1,000,000
|
8.25
|
BBB/Baa3
|
The PNC Financial Services Group, Inc., Floating Rate Note, 5/29/49 (Perpetual)
|
1,002,008
|
|
1,100,000
|
6.75
|
BBB/Baa3
|
The PNC Financial Services Group, Inc., Floating Rate Note, 7/29/49 (Perpetual)
|
1,263,342
|
|
|
|
|
|
$
|
5,698,551
|
|
|
|
|
Total Banks
|
$
|
8,504,659
|
|
|
|
|
Diversified Financials - 4.6%
|
|
|
|
|
|
|
Other Diversified Financial Services - 1.5%
|
|
|
|
290,000
|
|
BBB+/Baa2
|
Alterra Finance LLC, 6.25%, 9/30/20
|
$
|
344,446
|
|
200,000
|
|
A-/NR
|
Carlyle Holdings Finance LLC, 3.875%, 2/1/23 (144A)
|
|
208,573
|
|
200,000
|
|
A-/NR
|
Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A)
|
|
203,576
|
|
250,000
|
|
AA+/A1
|
General Electric Capital Corp., 5.625%, 9/15/17
|
|
293,449
|
|
420,000
|
|
AA+/A1
|
General Electric Capital Corp., 6.75%, 3/15/32
|
|
549,321
|
|
200,000
|
|
BBB+/Baa1
|
Hyundai Capital Services, Inc., 3.5%, 9/13/17 (144A)
|
|
213,260
|
|
100,000
|
|
BBB+/Baa1
|
Hyundai Capital Services, Inc., 6.0%, 5/5/15 (144A)
|
|
108,835
|
|
2,050,000
|
7.90
|
BBB/Ba1
|
JPMorgan Chase & Co., Floating Rate Note (Perpetual)
|
|
2,387,549
|
|
300,000
|
|
A-/NR
|
KKR Group Finance Co. II LLC, 5.5%, 2/1/43 (144A)
|
|
298,579
|
|
|
|
|
|
$
|
4,607,588
|
|
|
|
|
Specialized Finance - 0.3%
|
|
|
|
600,000
|
|
BBB-/WR
|
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A)
|
$
|
625,960
|
|
150,000
|
|
BBB+/Baa1
|
Harley-Davidson Financial Services, Inc., 3.875%, 3/15/16 (144A)
|
|
161,017
|
|
|
|
|
|
$
|
786,977
|
|
|
|
|
Consumer Finance - 1.0%
|
|
|
|
260,000
|
|
A+/A1
|
American Honda Finance Corp., 6.7%, 10/1/13 (144A)
|
$
|
266,573
|
|
360,000
|
|
BBB/Baa1
|
Capital One Bank USA NA, 8.8%, 7/15/19
|
|
489,539
|
|
500,000
|
|
BB+/Baa3
|
Ford Motor Credit Co. LLC, 3.875%, 1/15/15
|
|
520,271
|
|
1,000,000
|
|
BB+/Baa3
|
Ford Motor Credit Co. LLC, 4.25%, 2/3/17
|
|
1,076,816
|
|
200,000
|
|
BBB+/Baa1
|
Hyundai Capital America, 4.0%, 6/8/17 (144A)
|
|
215,061
|
|
265,000
|
4.00
|
BBB-/Ba1
|
SLM Corp., Floating Rate Note, 7/25/14
|
|
267,782
|
|
275,000
|
|
CCC+/Caa1
|
Springleaf Finance Corp., 6.9%, 12/15/17
|
|
286,172
|
|
|
|
|
|
$
|
3,122,214
|
|
|
|
|
Asset Management & Custody Banks - 0.2%
|
|
|
|
210,000
|
|
A/A3
|
Ameriprise Financial, Inc., 5.3%, 3/15/20
|
$
|
252,385
|
|
100,000
|
|
AA-/A1
|
Franklin Resources, Inc., 3.125%, 5/20/15
|
|
104,918
|
|
220,000
|
|
A+/A1
|
State Street Corp., 4.3%, 5/30/14
|
|
229,362
|
|
|
|
|
|
$
|
586,665
|
|
|
|
|
Investment Banking & Brokerage - 1.6%
|
|
|
|
1,060,000
|
4.00
|
BB+/Ba2
|
Goldman Sachs Capital II, Floating Rate Note, 6/1/43
|
$
|
904,180
|
|
550,000
|
|
BBB/Baa3
|
Jefferies Group LLC, 5.125%, 4/13/18
|
|
609,297
|
|
385,000
|
|
BBB/Baa3
|
Jefferies Group LLC, 6.875%, 4/15/21
|
|
459,431
|
|
250,000
|
|
BBB/A3
|
Macquarie Group, Ltd., 6.0%, 1/14/20 (144A)
|
|
279,225
|
|
235,000
|
|
BBB/A3
|
Macquarie Group, Ltd., 7.625%, 8/13/19 (144A)
|
|
286,841
|
|
750,000
|
|
A-/Baa1
|
Morgan Stanley, 4.0%, 9/22/20 (Step)
|
|
753,502
|
|
250,000
|
|
A-/Baa1
|
Morgan Stanley, 5.5%, 1/26/20
|
|
290,884
|
|
250,000
|
|
BBB/Baa2
|
Raymond James Financial, Inc., 5.625%, 4/1/24
|
|
289,101
|
|
825,000
|
|
NR/Baa3
|
Scottrade Financial Services, Inc., 6.125%, 7/11/21 (144A)
|
|
857,173
|
|
|
|
|
|
$
|
4,729,634
|
|
|
|
|
Total Diversified Financials
|
$
|
13,833,078
|
|
|
|
|
Insurance - 3.1%
|
|
|
|
|
|
|
Insurance Brokers - 0.1%
|
|
|
|
250,000
|
|
BBB-/Baa3
|
Ironshore Holdings US, Inc., 8.5%, 5/15/20 (144A)
|
$
|
288,741
|
|
|
|
|
Life & Health Insurance - 1.0%
|
|
|
|
420,000
|
|
BBB/WR
|
Delphi Financial Group, Inc., 7.875%, 1/31/20
|
$
|
524,455
|
|
160,000
|
|
A-/Baa2
|
Lincoln National Corp., 8.75%, 7/1/19
|
|
217,990
|
|
280,000
|
6.05
|
BBB/Ba1
|
Lincoln National Corp., Floating Rate Note, 4/20/67
|
|
283,500
|
|
365,000
|
|
BBB/Baa2
|
MetLife, Inc., 10.75%, 8/1/39
|
|
580,350
|
|
220,000
|
|
BBB+/A3
|
Principal Financial Group, Inc., 3.3%, 9/15/22
|
|
229,465
|
|
335,000
|
|
A-/Baa2
|
Protective Life Corp., 7.375%, 10/15/19
|
|
420,854
|
|
250,000
|
|
A/Baa2
|
Prudential Financial, Inc., 4.5%, 11/16/21
|
|
282,574
|
|
200,000
|
5.62
|
BBB+/Baa3
|
Prudential Financial, Inc., Floating Rate Note, 6/15/43
|
|
210,000
|
|
150,000
|
5.88
|
BBB+/Baa3
|
Prudential Financial, Inc., Floating Rate Note, 9/15/42
|
|
162,093
|
|
|
|
|
|
$
|
2,911,281
|
|
|
|
|
Multi-line Insurance - 0.7%
|
|
|
|
250,000
|
|
BBB/A3
|
AXA SA, 8.6%, 12/15/30
|
$
|
322,264
|
|
250,000
|
|
BBB-/Baa3
|
Genworth Holdings, Inc., 4.95%, 10/1/15
|
|
268,122
|
|
350,000
|
|
BBB-/Baa3
|
Genworth Holdings, Inc., 7.2%, 2/15/21
|
|
422,577
|
|
250,000
|
|
BBB-/Baa3
|
Genworth Holdings, Inc., 7.625%, 9/24/21
|
|
313,541
|
|
500,000
|
|
BBB-/Baa2
|
Liberty Mutual Group, Inc., 7.3%, 6/15/14 (144A)
|
|
530,189
|
|
200,000
|
|
A+/A2
|
Loews Corp., 5.25%, 3/15/16
|
|
223,368
|
|
|
|
|
|
$
|
2,080,061
|
|
|
|
|
Property & Casualty Insurance - 0.7%
|
|
|
|
200,000
|
|
BBB-/Baa2
|
OneBeacon US Holdings, Inc., 4.6%, 11/9/22
|
$
|
211,611
|
|
200,000
|
|
A/Baa1
|
QBE Insurance Group, Ltd., 2.4%, 5/1/18 (144A)
|
|
201,286
|
|
280,000
|
|
BBB/Baa3
|
Sirius International Group, Ltd., 6.375%, 3/20/17 (144A)
|
|
315,150
|
|
250,000
|
7.51
|
BB+/Ba2
|
Sirius International Group, Ltd., Floating Rate Note, 5/29/49 (Perpetual) (144A)
|
264,616
|
|
200,000
|
6.50
|
BBB/Baa1
|
The Allstate Corp., Floating Rate Note, 5/15/57
|
|
223,400
|
|
400,000
|
|
BBB-/Baa3
|
The Hanover Insurance Group, Inc., 7.5%, 3/1/20
|
|
474,877
|
|
100,000
|
|
BBB-/Baa3
|
The Hanover Insurance Group, Inc., 7.625%, 10/15/25
|
|
124,903
|
|
250,000
|
6.50
|
BBB-/Ba1
|
XL Group Plc, Floating Rate Note, 12/29/49 (Perpetual)
|
|
245,625
|
|
|
|
|
|
$
|
2,061,468
|
|
|
|
|
Reinsurance - 0.6%
|
|
|
|
260,000
|
|
BBB/NR
|
Montpelier Re Holdings, Ltd., 4.7%, 10/15/22
|
$
|
271,597
|
|
250,000
|
9.00
|
BB/NR
|
Mystic Re, Ltd., Floating Rate Note, 3/12/15 (Cat Bond) (144A)
|
|
262,950
|
|
450,000
|
|
BBB/NR
|
Platinum Underwriters Finance, Inc., 7.5%, 6/1/17
|
|
521,020
|
|
275,000
|
|
A-/Baa1
|
Reinsurance Group of America, Inc., 6.45%, 11/15/19
|
|
334,034
|
|
265,000
|
6.75
|
BBB-/Baa3
|
Reinsurance Group of America, Inc., Floating Rate Note, 12/15/65
|
|
269,638
|
|
240,000
|
|
BBB+/Baa2
|
Validus Holdings, Ltd., 8.875%, 1/26/40
|
|
336,153
|
|
|
|
|
|
$
|
1,995,392
|
|
|
|
|
Total Insurance
|
$
|
9,336,943
|
|
|
|
|
Real Estate - 2.0%
|
|
|
|
|
|
|
Diversified REIT's - 0.3%
|
|
|
|
140,000
|
|
BBB/Baa2
|
Digital Realty Trust LP, 4.5%, 7/15/15
|
$
|
149,333
|
|
60,000
|
|
BBB/Baa2
|
Digital Realty Trust LP, 5.875%, 2/1/20
|
|
70,159
|
|
250,000
|
|
BBB/Baa2
|
Goodman Funding Pty, Ltd., 6.0%, 3/22/22 (144A)
|
|
290,625
|
|
285,000
|
|
BBB/Baa2
|
Goodman Funding Pty, Ltd., 6.375%, 4/15/21 (144A)
|
|
334,621
|
|
|
|
|
|
$
|
844,738
|
|
|
|
|
Office REIT's - 0.4%
|
|
|
|
110,000
|
|
BBB-/Baa2
|
Alexandria Real Estate Equities, Inc., 4.6%, 4/1/22
|
$
|
121,351
|
|
65,000
|
|
BBB-/Baa3
|
BioMed Realty LP, 4.25%, 7/15/22
|
|
69,621
|
|
250,000
|
|
A-/Baa2
|
Boston Properties LP, 3.85%, 2/1/23
|
|
270,342
|
|
250,000
|
|
BBB-/Baa3
|
Highwoods Realty LP, 3.625%, 1/15/23
|
|
250,788
|
|
85,000
|
|
BBB/Baa2
|
Mack-Cali Realty LP, 4.5%, 4/18/22
|
|
92,367
|
|
500,000
|
|
BBB/Baa2
|
Mack-Cali Realty LP, 5.125%, 2/15/14
|
|
515,014
|
|
50,000
|
|
BBB/Baa2
|
Mack-Cali Realty LP, 7.75%, 8/15/19
|
|
63,908
|
|
|
|
|
|
$
|
1,383,391
|
|
|
|
|
Retail REIT's - 0.3%
|
|
|
|
245,000
|
|
BBB-/Baa3
|
DDR Corp., 7.5%, 4/1/17
|
$
|
294,135
|
|
435,000
|
|
BBB/Baa2
|
Tanger Properties LP, 6.15%, 11/15/15
|
|
491,357
|
|
|
|
|
|
$
|
785,492
|
|
|
|
|
Specialized REIT's - 0.9%
|
|
|
|
50,000
|
|
BBB-/Baa3
|
CubeSmart LP, 4.8%, 7/15/22
|
$
|
55,873
|
|
700,000
|
|
BBB/Baa2
|
Health Care Real Estate Investment Trust, Inc., 6.2%, 6/1/16
|
|
802,963
|
|
210,000
|
|
BBB-/Baa3
|
Healthcare Realty Trust, Inc., 6.5%, 1/17/17
|
|
242,296
|
|
250,000
|
|
BBB-/Baa2
|
Hospitality Properties Trust, 5.0%, 8/15/22
|
|
271,531
|
|
475,000
|
|
BBB-/Baa2
|
Hospitality Properties Trust, 7.875%, 8/15/14
|
|
499,012
|
|
382,000
|
|
BBB-/Baa3
|
Senior Housing Properties Trust, 6.75%, 4/15/20
|
|
444,139
|
|
270,000
|
|
BBB/Baa2
|
Ventas Realty LP, 4.75%, 6/1/21
|
|
304,255
|
|
|
|
|
|
$
|
2,620,069
|
|
|
|
|
Diversified Real Estate Activities - 0.1%
|
|
|
|
235,000
|
|
A-/A2
|
WEA Finance LLC, 7.125%, 4/15/18 (144A)
|
$
|
292,141
|
|
|
|
|
Total Real Estate
|
$
|
5,925,831
|
|
|
|
|
Software & Services - 0.0%
|
|
|
|
|
|
|
Data Processing & Outsourced Services - 0.0%
|
|
|
|
44,000
|
|
B-/Caa1
|
First Data Corp., 8.25%, 1/15/21 (144A)
|
$
|
46,750
|
|
|
|
|
Total Software & Services
|
$
|
46,750
|
|
|
|
|
Semiconductors & Semiconductor Equipment - 0.1%
|
|
|
|
|
|
|
Semiconductor Equipment - 0.1%
|
|
|
|
185,000
|
|
BBB/Baa1
|
KLA-Tencor Corp., 6.9%, 5/1/18
|
$
|
222,726
|
|
|
|
|
Total Semiconductors & Semiconductor Equipment
|
$
|
222,726
|
|
|
|
|
Telecommunication Services - 1.4%
|
|
|
|
|
|
|
Integrated Telecommunication Services - 1.0%
|
|
|
|
360,000
|
|
A-/A3
|
AT&T, Inc., 2.95%, 5/15/16
|
$
|
381,388
|
|
350,000
|
|
BBB+/A3
|
France Telecom SA, 4.375%, 7/8/14
|
|
364,327
|
|
225,000
|
|
NR/A2
|
GTP Acquisition Partners I LLC, 4.347%, 6/15/16 (144A)
|
|
239,200
|
|
340,000
|
|
NR/A2
|
GTP Towers Issuer LLC, 4.436%, 2/15/15 (144A)
|
|
355,137
|
|
300,000
|
|
BBB/Baa3
|
Telecom Italia Capital SA, 5.25%, 11/15/13
|
|
306,150
|
|
500,000
|
|
BBB/Baa3
|
Telecom Italia Capital SA, 7.175%, 6/18/19
|
|
592,071
|
|
350,000
|
|
BBB/Baa2
|
Telefonica Emisiones SAU, 5.462%, 2/16/21
|
|
385,768
|
|
300,000
|
|
BBB/Baa2
|
Telefonica Emisiones SAU, 6.221%, 7/3/17
|
|
342,265
|
|
97,000
|
|
A-/A3
|
Verizon Communications, Inc., 8.75%, 11/1/18
|
|
131,041
|
|
|
|
|
|
$
|
3,097,347
|
|
|
|
|
Wireless Telecommunication Services - 0.4%
|
|
|
|
240,000
|
|
NR/A2
|
Crown Castle Towers LLC, 4.883%, 8/15/20 (144A)
|
$
|
276,992
|
|
250,000
|
|
NR/A2
|
Crown Castle Towers LLC, 5.495%, 1/15/17 (144A)
|
|
286,138
|
|
140,000
|
|
NR/A2
|
Crown Castle Towers LLC, 6.113%, 1/15/20 (144A)
|
|
172,035
|
|
500,000
|
|
A-/A3
|
Vodafone Group Plc, 5.375%, 1/30/15
|
|
540,288
|
|
|
|
|
|
$
|
1,275,453
|
|
|
|
|
Total Telecommunication Services
|
$
|
4,372,800
|
|
|
|
|
Utilities - 1.2%
|
|
|
|
|
|
|
Electric Utilities - 0.8%
|
|
|
|
225,000
|
|
A-/A3
|
Commonwealth Edison Co., 6.15%, 9/15/17
|
$
|
272,154
|
|
250,000
|
5.25
|
BBB+/A3
|
Electricite de France SA, Floating Rate Note, 1/29/49 (Perpetual) (144A)
|
251,468
|
|
270,000
|
|
BBB+/Baa2
|
Enel Finance International NV, 5.125%, 10/7/19 (144A)
|
|
293,728
|
|
111,069
|
|
BB/Baa3
|
FPL Energy American Wind LLC, 6.639%, 6/20/23 (144A)
|
|
107,228
|
|
48,600
|
|
B/Ba2
|
FPL Energy Wind Funding LLC, 6.876%, 6/27/17 (144A)
|
|
41,796
|
|
200,000
|
|
BB+/Baa3
|
Israel Electric Corp, Ltd., 6.7%, 2/10/17 (144A)
|
|
224,000
|
|
200,000
|
|
BB+/Baa3
|
Israel Electric Corp, Ltd., 7.25%, 1/15/19 (144A)
|
|
233,500
|
|
125,000
|
|
BBB+/Baa1
|
Nevada Power Co., 6.5%, 8/1/18
|
|
155,704
|
|
95,105
|
|
NR/WR
|
Orcal Geothermal, Inc., 6.21%, 12/30/20 (144A)
|
|
93,203
|
|
275,000
|
|
BBB/Baa3
|
Public Service Co. of New Mexico, 7.95%, 5/15/18
|
|
343,724
|
|
250,000
|
|
BBB+/A3
|
West Penn Power Co., 5.95%, 12/15/17 (144A)
|
|
294,205
|
|
|
|
|
|
$
|
2,310,710
|
|
|
|
|
Gas Utilities - 0.1%
|
|
|
|
250,000
|
|
A+/Aa3
|
Southern California Gas Co., 5.125%, 11/15/40
|
$
|
313,604
|
|
|
|
|
Multi-Utilities - 0.2%
|
|
|
|
615,000
|
|
BBB+/Baa1
|
New York State Electric & Gas Corp., 6.15%, 12/15/17 (144A)
|
$
|
692,884
|
|
|
|
|
Independent Power Producers & Energy Traders - 0.1%
|
|
|
|
88,967
|
|
BBB-/NR
|
Alta Wind Holdings LLC, 7.0%, 6/30/35 (144A)
|
$
|
97,234
|
|
223,000
|
|
BB+/Ba1
|
NSG Holdings LLC, 7.75%, 12/15/25 (144A)
|
|
239,725
|
|
|
|
|
|
$
|
336,959
|
|
|
|
|
Total Utilities
|
$
|
3,654,157
|
|
|
|
|
TOTAL CORPORATE BONDS
|
|
|
|
|
|
|
(Cost $56,572,197)
|
$
|
64,887,440
|
|
|
|
|
|
|
|
|
|
|
|
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 5.8%
|
|
|
|
965,046
|
|
AAA/Aaa
|
Fannie Mae, 4.0%, 2/1/41
|
$
|
1,033,269
|
|
71,959
|
|
AAA/Aaa
|
Fannie Mae, 4.5%, 11/1/20
|
|
77,337
|
|
1,139,683
|
|
AAA/Aaa
|
Fannie Mae, 4.5%, 4/1/41
|
|
1,231,292
|
|
20,044
|
|
AAA/Aaa
|
Fannie Mae, 5.0%, 12/1/17
|
|
21,569
|
|
68,203
|
|
AAA/Aaa
|
Fannie Mae, 5.0%, 5/1/18
|
|
72,984
|
|
125,251
|
|
AAA/Aaa
|
Fannie Mae, 5.0%, 6/1/37
|
|
135,619
|
|
289,764
|
|
AAA/Aaa
|
Fannie Mae, 5.5%, 10/1/35
|
|
316,957
|
|
41,207
|
|
AAA/Aaa
|
Fannie Mae, 5.5%, 12/1/34
|
|
45,628
|
|
170,358
|
|
AAA/Aaa
|
Fannie Mae, 5.5%, 12/1/35
|
|
186,346
|
|
170,312
|
|
AAA/Aaa
|
Fannie Mae, 5.5%, 12/1/35
|
|
186,296
|
|
14,120
|
|
AAA/Aaa
|
Fannie Mae, 5.5%, 2/1/18
|
|
15,139
|
|
170,404
|
|
AAA/Aaa
|
Fannie Mae, 5.5%, 3/1/23
|
|
185,664
|
|
14,457
|
|
AAA/Aaa
|
Fannie Mae, 5.5%, 3/1/34
|
|
15,904
|
|
168,227
|
|
AAA/Aaa
|
Fannie Mae, 5.5%, 5/1/37
|
|
182,964
|
|
671,778
|
|
AAA/Aaa
|
Fannie Mae, 5.5%, 5/1/38
|
|
730,624
|
|
9,041
|
|
AAA/Aaa
|
Fannie Mae, 5.5%, 7/1/23
|
|
9,912
|
|
18,898
|
|
AAA/Aaa
|
Fannie Mae, 5.5%, 8/1/14
|
|
19,126
|
|
8,020
|
|
AAA/Aaa
|
Fannie Mae, 5.5%, 9/1/17
|
|
8,578
|
|
8,337
|
|
AAA/Aaa
|
Fannie Mae, 6.0%, 1/1/29
|
|
9,322
|
|
107,404
|
|
AAA/Aaa
|
Fannie Mae, 6.0%, 10/1/37
|
|
117,537
|
|
76,429
|
|
AAA/Aaa
|
Fannie Mae, 6.0%, 12/1/33
|
|
85,838
|
|
68,474
|
|
AAA/Aaa
|
Fannie Mae, 6.0%, 12/1/37
|
|
74,934
|
|
10,325
|
|
AAA/Aaa
|
Fannie Mae, 6.0%, 3/1/33
|
|
11,596
|
|
8,537
|
|
AAA/Aaa
|
Fannie Mae, 6.0%, 8/1/32
|
|
9,587
|
|
2,763
|
|
AAA/Aaa
|
Fannie Mae, 6.0%, 9/1/29
|
|
3,089
|
|
754
|
|
AAA/Aaa
|
Fannie Mae, 6.5%, 1/1/15
|
|
775
|
|
20,020
|
|
AAA/Aaa
|
Fannie Mae, 6.5%, 10/1/32
|
|
23,207
|
|
33,809
|
|
AAA/Aaa
|
Fannie Mae, 6.5%, 12/1/21
|
|
37,559
|
|
36,897
|
|
AAA/Aaa
|
Fannie Mae, 6.5%, 4/1/29
|
|
42,673
|
|
73,283
|
|
AAA/Aaa
|
Fannie Mae, 6.5%, 5/1/32
|
|
83,964
|
|
6,634
|
|
AAA/Aaa
|
Fannie Mae, 6.5%, 7/1/29
|
|
6,932
|
|
49,560
|
|
AAA/Aaa
|
Fannie Mae, 6.5%, 9/1/32
|
|
56,033
|
|
86,319
|
|
AAA/Aaa
|
Fannie Mae, 7.0%, 1/1/36
|
|
102,610
|
|
50,887
|
|
AAA/Aaa
|
Fannie Mae, 7.0%, 10/1/19
|
|
56,791
|
|
1,522
|
|
AAA/Aaa
|
Fannie Mae, 8.0%, 10/1/30
|
|
1,884
|
|
3,883
|
|
AAA/Aaa
|
Fannie Mae, 8.0%, 2/1/29
|
|
4,519
|
|
8,266
|
|
AAA/Aaa
|
Fannie Mae, 8.0%, 3/1/31
|
|
9,882
|
|
1,732
|
|
AAA/Aaa
|
Fannie Mae, 8.0%, 4/1/20
|
|
1,951
|
|
530
|
|
AAA/Aaa
|
Fannie Mae, 8.0%, 4/1/30
|
|
633
|
|
440
|
|
AAA/Aaa
|
Fannie Mae, 8.0%, 5/1/31
|
|
513
|
|
608
|
|
AAA/Aaa
|
Fannie Mae, 8.0%, 7/1/30
|
|
721
|
|
583,622
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 4.0%, 1/1/41
|
|
623,404
|
|
979,096
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 4.0%, 1/1/42
|
|
1,045,835
|
|
674,749
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 4.5%, 5/1/39
|
|
729,447
|
|
510,887
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 4.5%, 5/1/40
|
|
547,433
|
|
483,315
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 4.5%, 5/1/41
|
|
518,870
|
|
86,591
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 5.0%, 11/1/34
|
|
93,392
|
|
208,799
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 5.0%, 8/1/37
|
|
224,153
|
|
19,963
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 5.5%, 10/1/16
|
|
21,205
|
|
74,366
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 5.5%, 11/1/34
|
|
80,857
|
|
96,610
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 6.0%, 1/1/38
|
|
105,302
|
|
140,146
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 6.0%, 10/1/38
|
|
152,667
|
|
76,996
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 6.0%, 4/1/33
|
|
85,728
|
|
32,317
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 6.5%, 10/1/33
|
|
36,217
|
|
76,302
|
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., 7.0%, 10/1/46
|
|
85,569
|
|
118,868
|
2.64
|
AAA/Aaa
|
Federal Home Loan Mortgage Corp., Floating Rate Note, 11/1/35
|
|
127,055
|
|
151,102
|
|
AAA/Aaa
|
Government National Mortgage Association I, 5.0%, 2/15/18
|
|
164,183
|
|
146,796
|
|
AAA/Aaa
|
Government National Mortgage Association I, 5.0%, 2/15/18
|
|
159,504
|
|
443,148
|
|
AAA/Aaa
|
Government National Mortgage Association I, 5.0%, 8/15/19
|
|
483,452
|
|
29,944
|
|
AAA/Aaa
|
Government National Mortgage Association I, 5.5%, 8/15/33
|
|
32,961
|
|
34,056
|
|
AAA/Aaa
|
Government National Mortgage Association I, 5.5%, 9/15/33
|
|
38,552
|
|
43,159
|
|
AAA/Aaa
|
Government National Mortgage Association I, 6.0%, 10/15/33
|
|
49,289
|
|
231
|
|
AAA/Aaa
|
Government National Mortgage Association I, 6.0%, 4/15/14
|
|
238
|
|
55
|
|
AAA/Aaa
|
Government National Mortgage Association I, 6.0%, 8/15/13
|
|
55
|
|
52,912
|
|
AAA/Aaa
|
Government National Mortgage Association I, 6.0%, 9/15/34
|
|
60,295
|
|
349,316
|
|
AAA/Aaa
|
Government National Mortgage Association I, 6.0%, 9/15/38
|
|
395,789
|
|
36,924
|
|
AAA/Aaa
|
Government National Mortgage Association I, 6.5%, 10/15/28
|
|
43,157
|
|
59,698
|
|
AAA/Aaa
|
Government National Mortgage Association I, 6.5%, 12/15/32
|
|
68,490
|
|
82,979
|
|
AAA/Aaa
|
Government National Mortgage Association I, 6.5%, 5/15/31
|
|
94,228
|
|
62,808
|
|
AAA/Aaa
|
Government National Mortgage Association I, 6.5%, 5/15/33
|
|
71,947
|
|
59,151
|
|
AAA/Aaa
|
Government National Mortgage Association I, 6.5%, 6/15/32
|
|
70,348
|
|
4,357
|
|
AAA/Aaa
|
Government National Mortgage Association I, 7.0%, 4/15/28
|
|
5,215
|
|
755
|
|
AAA/Aaa
|
Government National Mortgage Association I, 7.0%, 8/15/28
|
|
904
|
|
5,950
|
|
AAA/Aaa
|
Government National Mortgage Association I, 7.5%, 1/15/30
|
|
6,148
|
|
3,578
|
|
AAA/Aaa
|
Government National Mortgage Association I, 8.0%, 2/15/30
|
|
3,651
|
|
91,739
|
|
AAA/Aaa
|
Government National Mortgage Association II, 5.5%, 2/20/34
|
|
101,553
|
|
174,302
|
|
AAA/Aaa
|
Government National Mortgage Association II, 5.5%, 4/20/35
|
|
192,066
|
|
119,422
|
|
AAA/Aaa
|
Government National Mortgage Association II, 6.5%, 11/20/28
|
|
143,700
|
|
4,234
|
|
AAA/Aaa
|
Government National Mortgage Association II, 7.5%, 9/20/29
|
|
5,325
|
|
500,000
|
|
AA+/NR
|
Tennessee Valley Authority, 6.25%, 12/15/17
|
|
621,514
|
|
1,020,000
|
|
AA+/Aaa
|
U.S. Treasury Bonds, 5.25%, 11/15/28
|
|
1,415,568
|
|
525,000
|
|
AA+/Aaa
|
U.S. Treasury Bonds, 5.375%, 2/15/31
|
|
750,258
|
|
100,000
|
|
AA+/Aaa
|
U.S. Treasury Notes, 2.625%, 11/15/20
|
|
110,250
|
|
1,750,000
|
|
AA+/Aaa
|
U.S. Treasury Notes, 3.125%, 5/15/19
|
|
1,983,516
|
|
550,000
|
|
AA+/Aaa
|
U.S. Treasury Notes, 3.375%, 11/15/19
|
|
634,262
|
|
|
|
|
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS
|
|
|
|
|
|
|
(Cost $16,065,102)
|
$
|
17,401,310
|
|
|
|
|
|
|
|
|
|
|
|
FOREIGN GOVERNMENT BONDS - 0.1%
|
|
|
EURO
|
225,000
|
|
NR/Aa1
|
France Government Bond OAT, 4.0%, 4/25/14
|
$
|
307,394
|
EURO
|
75,000
|
|
NR/Baa2
|
Italy Buoni Poliennali Del Tesoro, 4.75%, 8/1/23
|
|
106,017
|
|
|
|
|
TOTAL FOREIGN GOVERNMENT BONDS
|
|
|
|
|
|
|
(Cost $449,868)
|
$
|
413,411
|
|
|
|
|
|
|
|
|
|
|
|
MUNICIPAL BONDS - 1.3%
|
|
|
|
|
|
|
Municipal Airport - 0.2%
|
|
|
|
250,000
|
|
BBB/Baa1
|
Indianapolis Airport Authority, 5.1%, 1/15/17
|
$
|
283,152
|
|
400,000
|
|
NR/A2
|
Massachusetts Port Authority, 5.0%, 7/1/16
|
|
439,644
|
|
|
|
|
|
$
|
722,796
|
|
|
|
|
Municipal General - 0.2%
|
|
|
|
100,000
|
|
BBB-/Baa2
|
Central Texas Regional Mobility Authority, 0.0%, 1/1/25
|
$
|
61,007
|
|
200,000
|
|
AA/A2
|
JobsOhio Beverage System, 3.985%, 1/1/29
|
|
208,710
|
|
270,000
|
|
AA/Aa2
|
State of Ohio, 3.0%, 6/15/15
|
|
282,452
|
|
|
|
|
|
$
|
552,169
|
|
|
|
|
Higher Municipal Education - 0.6%
|
|
|
|
600,000
|
|
AAA/Aaa
|
Massachusetts Health & Educational Facilities Authority, 5.5%, 11/15/36
|
$
|
715,980
|
|
100,000
|
|
AAA/Aaa
|
Missouri State Health & Educational Facilities Authority, 5.0%, 11/15/39
|
118,376
|
|
550,000
|
|
AAA/Aaa
|
New York State Dormitory Authority, 5.0%, 10/1/41
|
|
641,773
|
|
200,000
|
|
AA/Aa1
|
University of California, 4.062%, 5/15/33
|
|
200,686
|
|
|
|
|
|
$
|
1,676,815
|
|
|
|
|
Municipal Medical - 0.0%
|
|
|
|
100,000
|
|
AAA/Aaa
|
Missouri State Health & Educational Facilities Authority, 3.685%, 2/15/47
|
$
|
99,792
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Power - 0.1%
|
|
|
|
250,000
|
|
AA-/Aa1
|
Energy Northwest, 5.0%, 7/1/35
|
$
|
288,728
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Utilities - 0.0%
|
|
|
|
150,000
|
|
AAA/Aaa
|
Washington Suburban Sanitary Commission, 4.0%, 6/1/30
|
$
|
169,090
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Obligation - 0.2%
|
|
|
|
420,000
|
|
A/A1
|
State of California, 6.2%, 3/1/19
|
$
|
514,458
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL MUNICIPAL BONDS
|
|
|
|
|
|
|
(Cost $3,710,995)
|
$
|
4,023,848
|
|
|
|
|
|
|
|
|
|
|
|
SENIOR FLOATING RATE LOAN INTERESTS - 0.6%
|
|
|
|
|
|
|
Transportation - 0.0%
|
|
|
|
|
|
|
Trucking - 0.0%
|
|
|
|
115,579
|
4.00
|
BB/Ba2
|
Swift Transportation Co. LLC, Tranche B-2 Term Loan (2013), 12/21/17
|
$
|
117,674
|
|
|
|
|
Total Transportation
|
$
|
117,674
|
|
|
|
|
Automobiles & Components - 0.2%
|
|
|
|
|
|
|
Automobile Manufacturers - 0.2%
|
|
|
|
491,250
|
6.00
|
BB/Ba1
|
Chrysler Group LLC, Tranche B Term Loan, 4/28/17
|
$
|
499,571
|
|
|
|
|
Total Automobiles & Components
|
$
|
499,571
|
|
|
|
|
Consumer Services - 0.1%
|
|
|
|
|
|
|
Casinos & Gaming - 0.1%
|
|
|
|
195,010
|
3.75
|
BBB-/Ba1
|
Penn National Gaming, Inc., Term B Facility Loan, 6/29/18
|
$
|
197,387
|
|
244,490
|
3.20
|
BBB-/Ba1
|
Scientific Games Corp., Tranche B-1 Term Loan, 6/30/15
|
|
245,956
|
|
|
|
|
|
$
|
443,343
|
|
|
|
|
Total Consumer Services
|
$
|
443,343
|
|
|
|
|
Diversified Financials - 0.1%
|
|
|
|
|
|
|
Other Diversified Financial Services - 0.1%
|
|
|
|
294,000
|
5.00
|
NR/Baa1
|
Kasima LLC, Incremental Term Loan, 3/25/17
|
$
|
295,102
|
|
|
|
|
Total Diversified Financials
|
$
|
295,102
|
|
|
|
|
Technology Hardware & Equipment - 0.2%
|
|
|
|
|
|
|
Communications Equipment - 0.2%
|
|
|
|
488,766
|
3.75
|
BB/Ba3
|
CommScope, Inc., Tranche 2 Term Loan, 1/14/18
|
$
|
495,792
|
|
|
|
|
Total Technology Hardware & Equipment
|
$
|
495,792
|
|
|
|
|
TOTAL SENIOR FLOATING RATE LOAN INTERESTS
|
|
|
|
|
|
|
(Cost $1,824,581)
|
$
|
1,851,482
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENT IN SECURITIES - 98.8%
|
|
|
|
|
|
|
(Cost $245,179,736) (a)
|
$
|
297,845,920
|
|
|
|
|
OTHER ASSETS & LIABILITIES - 1.2%
|
$
|
3,674,559
|
|
|
|
|
TOTAL NET ASSETS - 100.0%
|
$
|
301,520,479
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
|
|
Non-income producing security.
|
|
|
|
|
|
|
|
|
|
|
+
|
|
|
Amount rounds to less than 0.1%.
|
|
|
|
|
|
|
|
|
|
|
NR
|
|
|
Not rated by either S&P or Moody's.
|
|
|
|
|
|
|
|
|
|
|
WR
|
|
|
Rating withdrawn by either S&P or Moody's.
|
|
|
|
|
|
|
|
|
|
|
(Step)
|
|
|
Bond issued with an initial coupon rate which converts to a higher rate at a later date.
|
|
|
|
|
|
|
|
|
(Perpetual)
|
|
Security with no stated maturity date.
|
|
|
|
|
|
|
|
|
|
|
REIT
|
|
|
Real Estate Investment Trust
|
|
|
|
|
|
|
|
|
|
|
(A.D.R.)
|
|
American Depositary Receipt.
|
|
|
|
|
|
|
|
|
|
|
**
|
|
|
Senior floating rate loan interests in which the Fund invests generally pay interest at rates that are periodically redetermined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as LIBOR (London InterBank Offered Rate), (ii) the prime rate offered by one or more major U.S. banks, (iii) the certificate of deposit or (iv) other base lending rates used by commercial lenders. The rate shown is the coupon rate at period end.
|
|
|
|
|
|
|
|
|
(144A)
|
|
|
Security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers in a transaction exempt from registration. At April 30, 2013, the value of these securities amounted to $20,946,008 or 6.9% of total net assets.
|
|
|
|
|
|
|
|
|
(a)
|
|
|
At April 30, 2013, the net unrealized gain on investments based on
|
|
|
|
|
|
|
cost for federal income tax purposes of $245,380,773 was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate gross unrealized gain for all investments in which
|
|
|
|
|
|
|
there is an excess of value over tax cost
|
$
|
55,319,909
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate gross unrealized loss for all investments in which
|
|
|
|
|
|
|
there is an excess of tax cost over value
|
|
(2,854,762)
|
|
|
|
|
|
|
|
|
|
|
|
Net unrealized gain
|
$
|
52,465,147
|
|
|
|
|
|
|
|
|
(b)
|
|
|
Debt obligation with a variable interest rate. Rate shown is rate at period end
|
|
|
|
|
|
|
|
|
(c)
|
|
|
Security issued with a zero coupon. Income is earned through accretion of discount.
|
|
|
|
|
|
|
|
|
|
|
|
Principal amounts are denominated in U.S. Dollars unless otherwise noted:
|
|
|
|
|
|
|
|
|
EURO
|
|
|
Euro
|
|
|