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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM N-Q

                   QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
    OF REGISTERED MANAGEMENT INVESTMENT COMPANY



  Investment Company Act file number 811-21781


                     Pioneer Series Trust IV
               (Exact name of registrant as specified in charter)


                       60 State Street, Boston, MA 02109
              (Address of principal executive offices) (ZIP code)


            Terrence J Cullen, Pioneer Investment Management, Inc.,
                       60 State Street, Boston, MA 02109
                    (Name and address of agent for service)


Registrant's telephone number, including area code:  (617) 742-7825


Date of fiscal year end:  July 31

Date of reporting period:  April 30, 2013

Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (239.24 and 274.5 of this
chapter), to file reports with the Commission, not later than 60 days after
close of the first and third fiscal quarters, pursuant to Rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5).  The Commission may
use the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-Q
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW,
Washington, DC 20549-0609.  The OMB has reviewed this collection of information
under the clearance requirements of 44 U.S.C. ss. 3507.


<PAGE>


ITEM 1. Schedule of Investments.




       
Pioneer Multi-Asset Income Fund
   
       
Schedule of Investments 4/30/13 (unaudited)
   
             
 
Principal Amount ($)
Floating
Rate (b)
S&P/Moody's
Ratings
 
Value
       
CONVERTIBLE CORPORATE BONDS - 0.5%
   
       
Energy - 0.2%
   
       
Oil & Gas Drilling - 0.2%
   
 
100,000
 
NR/NR
Vantage Drilling Co., 7.875%, 9/1/42
$
113,250
       
Total Energy
$
113,250
       
Capital Goods - 0.2%
   
       
Construction & Farm Machinery & Heavy Trucks - 0.2%
   
 
125,000
 
B-/NR
Meritor, Inc., 7.875%, 3/1/26 (144A)
$
140,859
       
Total Capital Goods
$
140,859
       
Diversified Financials - 0.0%
   
       
Asset Management & Custody Banks - 0.0%
   
 
15,000
 
BBB/NR
Apollo Investment Corp., 5.75%, 1/15/16
$
16,003
       
Total Diversified Financials
$
16,003
       
Software & Services - 0.1%
   
       
Internet Software & Services - 0.1%
   
 
50,000
 
NR/NR
Blucora, Inc., 4.25%, 4/1/19 (144A)
$
51,312
       
Total Software & Services
$
51,312
       
TOTAL CONVERTIBLE CORPORATE BONDS
   
       
(Cost $276,240)
$
321,424
 
Shares
         
       
PREFERRED STOCKS - 1.0%
   
       
Media - 0.3%
   
       
Broadcasting - 0.3%
   
 
5,751
   
ProSiebenSat.1 Media AG
$
220,126
       
Total Media
$
220,126
       
Banks - 0.1%
   
       
Regional Banks - 0.1%
   
 
1,000
6.25
A-/NR
CoBank ACB, Floating Rate Note (Perpetual) (144A)
$
107,500
       
Total Banks
$
107,500
       
Insurance - 0.2%
   
       
Reinsurance - 0.2%
   
 
150,000
0.00
NR/NR
Altair RE, Floating Rate Note, 4/30/16 (Cat Bond)
$
150,720
       
Total Insurance
$
150,720
       
Utilities - 0.4%
   
       
Electric Utilities - 0.4%
   
 
10,000
 
BB+/Ba1
PPL Capital Funding, Inc., 5.9%, 4/30/73
$
262,400
       
Total Utilities
$
262,400
       
TOTAL PREFERRED STOCKS
   
       
(Cost $696,220)
$
740,746
             
       
COMMON STOCKS - 46.6%
   
       
Energy - 1.0%
   
       
Integrated Oil & Gas - 1.0%
   
 
49,944
   
BP Plc
$
361,878
 
29,700
   
PTT PCL
 
330,733
         
$
692,611
       
Total Energy
$
692,611
       
Materials - 0.3%
   
       
Paper Products - 0.3%
   
 
4,932
   
International Paper Co.
$
231,705
       
Total Materials
$
231,705
       
Capital Goods - 3.0%
   
       
Aerospace & Defense - 1.9%
   
 
3,071
   
Lockheed Martin Corp.
$
304,305
 
17,332
   
Raytheon Co.
 
1,063,838
         
$
1,368,143
       
Construction & Engineering - 0.7%
   
 
17,625
   
Bouygues SA
$
492,531
       
Electrical Components & Equipment - 0.0%
   
 
630
   
Rockwell Automation, Inc.
$
53,411
       
Industrial Conglomerates - 0.4%
   
 
2,772
   
3M Co.
$
290,256
       
Total Capital Goods
$
2,204,341
       
Commercial Services & Supplies - 0.4%
   
       
Commercial Printing - 0.4%
   
 
20,976
   
Transcontinental, Inc.
$
269,993
       
Total Commercial Services & Supplies
$
269,993
       
Transportation - 0.6%
   
       
Air Freight & Logistics - 0.1%
   
 
2,768
   
Oesterreichische Post AG
$
122,754
       
Railroads - 0.2%
   
 
1,595
   
Norfolk Southern Corp.
$
123,485
       
Highways & Railtracks - 0.3%
   
 
416,400
   
Yuexiu Transport Infrastructure, Ltd.
$
214,288
       
Total Transportation
$
460,527
       
Automobiles & Components - 0.4%
   
       
Tires & Rubber - 0.1%
   
 
5,129
   
Pirelli & C. S.p.A.
$
53,226
       
Automobile Manufacturers - 0.3%
   
 
1,080
   
Volkswagen AG
$
209,768
       
Total Automobiles & Components
$
262,994
       
Consumer Services - 0.3%
   
       
Casinos & Gaming - 0.3%
   
 
292,800
   
NagaCorp, Ltd.
$
234,079
       
Total Consumer Services
$
234,079
       
Media - 1.4%
   
       
Movies & Entertainment - 0.4%
   
 
3,664
   
Time Warner, Inc.
$
219,034
 
1,294
   
Viacom, Inc. (Class B)
 
82,803
         
$
301,837
       
Publishing - 1.0%
   
 
4,023
   
Axel Springer AG
$
169,415
 
149,000
   
Singapore Press Holdings, Ltd.
 
539,480
         
$
708,895
       
Total Media
$
1,010,732
       
Food & Staples Retailing - 0.4%
   
       
Drug Retail - 0.2%
   
 
3,300
   
Walgreen Co.
$
163,383
       
Food Distributors - 0.2%
   
 
32,401
   
Metcash, Ltd.
$
137,380
       
Total Food & Staples Retailing
$
300,763
       
Food, Beverage & Tobacco - 2.1%
   
       
Brewers - 0.1%
   
 
2,020
   
Molson Coors Brewing Co.
$
104,232
       
Soft Drinks - 1.3%
   
 
11,245
   
PepsiCo, Inc.
$
927,375
       
Packaged Foods & Meats - 0.4%
   
 
3,738
   
Nestle SA
$
267,126
       
Tobacco - 0.3%
   
 
5,301
   
Imperial Tobacco Group Plc
$
189,504
       
Total Food, Beverage & Tobacco
$
1,488,237
       
Pharmaceuticals, Biotechnology & Life Sciences - 7.9%
   
       
Pharmaceuticals - 7.9%
   
 
13,062
   
AstraZeneca Plc
$
678,132
 
15,168
   
GlaxoSmithKline Plc
 
391,218
 
5,070
   
Johnson & Johnson
 
432,116
 
25,572
   
Merck & Co., Inc.
 
1,201,891
 
10,575
   
Novartis AG
 
786,339
 
32,205
   
Pfizer, Inc.
 
936,199
 
1,978
   
Roche Holding AG
 
495,237
 
2,771
   
Sanofi
 
297,327
 
5,400
   
Takeda Pharmaceutical Co., Ltd.
 
296,627
 
4,674
   
Teva Pharmaceutical Industries, Ltd. (A.D.R.)
 
178,967
         
$
5,694,053
       
Total Pharmaceuticals, Biotechnology & Life Sciences
$
5,694,053
       
Banks - 5.1%
   
       
Diversified Banks - 4.5%
   
 
68,470
   
Banco Santander SA
$
494,550
 
1,586,600
   
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT
 
199,323
 
154,771
   
Commercial Bank of Ceylon Plc
 
140,438
 
105,348
   
First Gulf Bank PJSC
 
427,455
 
2,479,408
   
Guaranty Trust Bank Plc
 
402,511
 
187,531
   
Intesa Sanpaolo S.p.A.
 
341,901
 
2,945
   
National Australia Bank, Ltd.
 
103,862
 
208,250
   
National Development Bank Plc
 
277,642
 
1,431
   
Royal Bank of Canada
 
86,316
 
77,461
   
Sampath Bank Plc
 
132,031
 
5,073
   
Standard Chartered Plc
 
127,683
 
4,800
   
Sumitomo Mitsui Financial Group, Inc.
 
227,217
 
9,618
   
Swedbank AB
 
237,028
 
902
   
The Toronto-Dominion Bank
 
73,931
         
$
3,271,888
       
Regional Banks - 0.6%
   
 
29,681
   
KeyCorp
$
295,920
 
1,980
   
The PNC Financial Services Group, Inc.
 
134,402
         
$
430,322
       
Total Banks
$
3,702,210
       
Diversified Financials - 3.6%
   
       
Specialized Finance - 0.7%
   
 
8,169
   
Deutsche Boerse AG
$
509,578
       
Asset Management & Custody Banks - 2.9%
   
 
46,378
   
Ares Capital Corp.
$
842,224
 
14,321
   
Blackstone Group LP
 
294,297
 
20,312
   
Golub Capital BDC, Inc.
 
358,101
 
8,314
   
TCP Capital Corp.
 
130,280
 
14,750
   
The Carlyle Group LP
 
479,080
         
$
2,103,982
       
Total Diversified Financials
$
2,613,560
       
Insurance - 2.2%
   
       
Life & Health Insurance - 0.7%
   
 
34,035
   
CNP Assurances
$
481,826
       
Multi-line Insurance - 0.6%
   
 
2,354
   
Allianz SE
$
347,106
 
449
   
Zurich Insurance Group AG
 
125,518
         
$
472,624
       
Reinsurance - 0.9%
   
 
3,300
   
Muenchener Rueckversicherungs AG
$
659,792
       
Total Insurance
$
1,614,242
       
Real Estate - 3.4%
   
       
Industrial REIT's - 1.9%
   
 
188,000
   
AIMS AMP Capital Industrial Real Estate Investment Trust
$
277,876
 
201,289
   
Cache Logistics Trust (144A)
 
231,061
 
186,944
   
Cambridge Industrial Trust (144A)
 
129,737
 
249,043
   
Mapletree Industrial Trust
 
317,384
 
288,300
   
Mapletree Logistics Trust (144A)
 
306,576
 
115,950
   
Sabana Shari'ah Compliant Industrial Real Estate Investment Trust
 
128,483
         
$
1,391,117
       
Mortgage REIT's - 0.8%
   
 
62,962
   
MFA Financial, Inc. (144A)
$
583,658
       
Real Estate Operating Companies - 0.2%
   
 
1,886
   
Swiss Prime Site AG
$
154,710
       
Real Estate Development - 0.5%
   
 
42,743
   
Emaar Properties PJSC
$
65,351
 
333,600
   
Mah Sing Group Bhd
 
249,027
         
$
314,378
       
Total Real Estate
$
2,443,863
       
Software & Services - 1.4%
   
       
Systems Software - 1.4%
   
 
31,177
   
Microsoft Corp.
$
1,031,959
       
Total Software & Services
$
1,031,959
       
Technology Hardware & Equipment - 2.7%
   
       
Communications Equipment - 0.2%
   
 
8,094
   
Cisco Systems, Inc.
$
169,326
       
Computer Hardware - 1.6%
   
 
2,596
   
Apple, Inc.
$
1,149,379
       
Electronic Components - 0.7%
   
 
24,700
   
Hoya Corp.
$
494,478
       
Office Electronics - 0.2%
   
 
3,200
   
Canon, Inc.
$
115,098
       
Total Technology Hardware & Equipment
$
1,928,281
       
Semiconductors & Semiconductor Equipment - 1.4%
   
       
Semiconductors - 1.4%
   
 
38,555
   
Intel Corp.
$
923,392
 
2,367
   
Maxim Integrated Products, Inc.
 
73,211
         
$
996,603
       
Total Semiconductors & Semiconductor Equipment
$
996,603
       
Telecommunication Services - 4.7%
   
       
Integrated Telecommunication Services - 3.3%
   
 
10,889
   
AT&T, Inc.
$
407,902
 
89,000
   
PCCW, Ltd.
 
45,419
 
30,674
   
Singapore Telecommunications, Ltd.
 
97,872
 
214,320
   
Telecom Corp of New Zealand, Ltd.
 
477,980
 
785,435
   
Telecom Italia S.p.A.
 
547,414
 
15,655
   
Verizon Communications, Inc.
 
843,961
         
$
2,420,548
       
Wireless Telecommunication Services - 1.4%
   
 
323,480
   
Vodafone Group Plc
$
987,846
       
Total Telecommunication Services
$
3,408,394
       
Utilities - 4.3%
   
       
Electric Utilities - 2.5%
   
 
12,420
   
Exelon Corp.
$
465,874
 
29,319
   
PPL Corp.
 
978,668
 
7,237
   
The Southern Co.
 
349,041
         
$
1,793,583
       
Multi-Utilities - 1.8%
   
 
11,044
   
Consolidated Edison, Inc.
$
702,951
 
18,507
   
E.ON SE
 
335,133
 
12,991
   
GDF Suez
 
279,352
         
$
1,317,436
       
Total Utilities
$
3,111,019
       
TOTAL COMMON STOCKS
   
       
(Cost $31,585,295)
$
33,700,166
 
Principal Amount ($)
     
       
ASSET BACKED SECURITIES - 1.3%
   
 
6,583
2.98
BB+/Caa2
ABFC 2003-WMC1 Trust, Floating Rate Note, 3/25/33
$
5,937
 
124,107
 
B+/B3
Accredited Mortgage Loan Trust 2003-3, 5.21%, 1/25/34 (Step)
 
118,576
 
15,103
6.50
BB+/Baa2
ACE Securities Corp. Manufactured Housing Trust Series 2003-MH1, Floating Rate Note, 8/15/30 (144A)
15,221
 
47,435
 
B+/B1
Bayview Financial Mortgage Pass-Through Trust 2007-B, 6.407%, 8/28/47 (Step)
48,495
 
87,452
 
NR/Ba3
Bear Stearns Asset Backed Securities Trust, 8.41%, 10/25/29 (Step)
 
86,379
 
100,000
 
BB/NR
CarNow Auto Receivables Trust 2012-1, 6.9%, 11/15/16 (144A)
 
100,286
 
38,005
 
B-/B1
Citicorp Residential Mortgage Trust Series 2006-3, 5.703%, 11/25/36 (Step)
 
37,916
 
85,000
 
A+/Ba1
Countrywide Asset-Backed Certificates, 5.557%, 2/25/36 (Step)
 
85,865
 
75,101
5.24
BB+/Ba3
Countrywide Asset-Backed Certificates, Floating Rate Note, 1/25/36
 
77,493
 
5,896
0.88
AAA/A1
Countrywide Asset-Backed Certificates, Floating Rate Note, 6/25/33 (144A)
 
5,754
 
97,482
7.78
NR/B3
GE Mortgage Services LLC, Floating Rate Note, 3/25/27
 
96,546
 
99,675
0.30
CCC/Caa3
Morgan Stanley Home Equity Loan Trust 2007-2, Floating Rate Note, 4/25/37
 
80,552
 
77,967
 
CC/Caa2
RASC Series 2003-KS5 Trust, 4.46%, 7/25/33 (Step)
 
74,793
 
100,000
 
BB/NR
SNAAC Auto Receivables Trust, 4.56%, 4/15/20 (144A)
 
100,302
       
TOTAL ASSET BACKED SECURITIES
   
       
(Cost $936,370)
$
934,115
             
       
COLLATERALIZED MORTGAGE OBLIGATIONS - 6.0%
   
 
100,000
 
NR/NR
A10 Securitization LLC, 4.7%, 11/15/25 (144A)
$
100,211
 
100,000
 
NR/NR
A10 Securitization LLC, 6.41%, 11/15/25 (144A)
 
100,203
 
36,320
6.33
BBB/NR
Banc of America Merrill Lynch Commercial Mortgage, Inc., Floating Rate Note, 9/10/47 (144A)
37,880
 
14,875
5.07
BBB+/NR
Banc of America Mortgage 2005-H Trust, Floating Rate Note, 9/25/35
 
14,884
 
109,236
0.59
NR/Baa3
Bayview Commercial Asset Trust, Floating Rate Note, 1/25/36 (144A)
 
89,835
 
125,661
0.51
AA+/Baa3
Bayview Commercial Asset Trust, Floating Rate Note, 8/25/35 (144A)
 
100,802
 
200,000
5.52
BBB/NR
Bear Stearns Commercial Mortgage Securities Trust 2004-TOP16, Floating Rate Note, 2/13/46 (144A)
176,423
 
100,000
5.21
NR/Baa2
Bear Stearns Commercial Mortgage Securities Trust 2005-PWR7, Floating Rate Note, 2/11/41
102,681
 
29,871
5.61
B+/NR
CHL Mortgage Pass-Through Trust 2002-32, Floating Rate Note, 1/25/33
 
30,067
 
50,000
5.93
NR/Baa3
Citigroup Commercial Mortgage Trust 2006-C4, Floating Rate Note, 3/15/49
 
52,617
 
50,000
5.99
BB-/NR
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46
56,890
 
27,651
0.38
A+/A1
COMM 2007-FL14 Mortgage Trust, Floating Rate Note, 6/15/22 (144A)
 
27,300
 
35,279
 
B+/NR
Credit Suisse First Boston Mortgage Securities Corp., 5.5%, 6/25/33
 
35,206
 
100,000
5.14
CCC/B3
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 10/15/39 (144A)
94,020
 
100,000
5.63
NR/A2
DBUBS 2011-LC2 Mortgage Trust, Floating Rate Note, 7/10/44 (144A)
 
115,964
 
100,000
5.20
NR/NR
Del Coronado Trust, Floating Rate Note, 3/15/18 (144A)
 
100,360
 
100,000
 
NR/NR
Extended Stay America Trust 2013-ESH MZ, 7.625%, 12/5/19 (144A)
 
107,764
 
271,029
 
NR/NR
Fannie Mae REMICS, 3.5%, 1/25/29
 
13,444
 
10,000
3.82
NR/NR
FREMF Mortgage Trust Class C, Floating Rate Note, 6/25/47 (144A)
 
10,062
 
100,000
4.35
NR/A3
FREMF Mortgage Trust, Floating Rate Note, 1/25/46 (144A)
 
108,529
 
50,000
3.76
NR/NR
FREMF Mortgage Trust, Floating Rate Note, 2/25/45 (144A)
 
51,265
 
50,000
4.16
NR/Baa2
FREMF Mortgage Trust, Floating Rate Note, 9/25/44 (144A)
 
52,021
 
250,000
5.32
BBB-/NR
GE Capital Commercial Mortgage Corp., Floating Rate Note, 7/10/45 (144A)
 
251,277
 
57,269
 
CCC/Caa3
Global Mortgage Securitization, Ltd., 5.25%, 4/25/32
 
50,818
 
7,978
5.10
CCC/NR
GMACM Mortgage Loan Trust 2005-AR2, Floating Rate Note, 5/25/35
 
7,816
 
147,937
1.03
NR/NR
Government National Mortgage Association, Floating Rate Note, 2/16/53
 
12,918
 
147,875
1.05
NR/NR
Government National Mortgage Association, Floating Rate Note, 3/16/53
 
12,539
 
67,647
6.45
NR/NR
Government National Mortgage Association, Floating Rate Note, 6/20/38
 
7,067
 
196,807
1.10
NR/NR
Government National Mortgage Association, Floating Rate Note, 8/16/52
 
15,335
 
147,761
1.07
NR/NR
Government National Mortgage Association, Floating Rate Note, 9/16/52
 
13,585
 
100,000
3.80
NR/Ba2
GS Mortgage Securities Corp. II, Floating Rate Note, 11/8/29 (144A)
 
100,465
 
30,000
5.83
NR/Baa3
GS Mortgage Securities Trust 2012-GC6, Floating Rate Note, 1/10/45 (144A)
 
32,449
 
32,971
5.25
BB-/NR
GSR Mortgage Loan Trust 2005-AR4, Floating Rate Note, 7/25/35
 
32,622
 
100,000
3.95
NR/NR
JP Morgan Chase Commercial Mortgage Securities Corp., Floating Rate Note, 4/15/28 (144A)
99,000
 
50,000
6.14
BB-/Ba1
JP Morgan Chase Commercial Mortgage Securities Trust 2007-C1, Floating Rate Note, 2/15/51
56,355
 
50,000
6.20
B-/NR
JP Morgan Chase Commercial Mortgage Securities Trust 2007-LDP12, Floating Rate Note, 2/15/51
44,913
 
124,439
5.28
BB/NR
LB-UBS Commercial Mortgage Trust 2006-C1, Floating Rate Note, 2/15/41
 
123,879
 
119,069
0.40
BBB+/Aa3
Lehman Brothers Small Balance Commercial Mortgage Trust 2006-2, Floating Rate Note, 9/25/36 (144A)
94,669
 
172,892
2.64
BB+/Ba1
MASTR Adjustable Rate Mortgages Trust 2003-6, Floating Rate Note, 12/25/33
 
172,789
 
53,441
5.29
B-/B3
MASTR Adjustable Rate Mortgages Trust, Floating Rate Note, 1/25/35
 
52,451
 
85,226
 
B-/NR
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34
 
86,952
 
124,013
 
D/Caa3
Merrill Lynch Mortgage Investors Trust Series 2006-AF1, 5.75%, 8/25/36
 
102,114
 
59,434
5.64
A+/Ba1
Merrill Lynch Mortgage Investors Trust Series MLCC 2007-1, Floating Rate Note, 1/25/37
60,676
 
50,000
 
BB+/NR
Morgan Stanley Capital I Trust 2007-IQ13, 5.406%, 3/15/44
 
56,356
 
100,000
6.09
B/NR
Morgan Stanley Capital I Trust 2007-IQ15, Floating Rate Note, 6/11/49
 
113,298
 
95,284
1.60
B-/Ba1
RESI Finance LP, Floating Rate Note, 9/10/35 (144A)
 
82,978
 
365,307
 
BB+/Baa2
Spirit Master Funding LLC, 5.74%, 3/20/25 (144A)
 
376,045
 
100,000
5.30
BBB/NR
Springleaf Mortgage Loan Trust 2012-3, Floating Rate Note, 12/25/59 (144A)
 
103,726
 
250,000
5.58
BB/NR
Springleaf Mortgage Loan Trust, Floating Rate Note, 6/25/58 (144A)
 
251,625
 
25,000
 
BB/B1
Timberstar Trust, 7.53%, 10/15/36 (144A)
 
25,880
 
35,227
5.00
NR/Ba2
Wells Fargo Mortgage Backed Securities 2005-AR6 Trust, Floating Rate Note, 4/25/35
35,893
 
50,000
5.65
NR/Baa3
WFRBS Commercial Mortgage Trust 2011-C2, Floating Rate Note, 2/15/44 (144A)
53,543
 
100,000
5.34
NR/A2
WFRBS Commercial Mortgage Trust 2011-C3, Floating Rate Note, 3/15/44 (144A)
114,572
 
100,000
4.50
BBB-/NR
WFRBS Commercial Mortgage Trust 2013-C12, Floating Rate Note, 3/15/48 (144A)
97,214
       
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
   
       
(Cost $4,177,915)
$
4,320,247
             
       
CORPORATE BONDS - 36.7%
   
       
Energy - 9.9%
   
       
Oil & Gas Drilling - 0.1%
   
 
75,000
 
B/B1
Shelf Drilling Holdings, Ltd., 8.625%, 11/1/18 (144A)
$
80,250
       
Oil & Gas Equipment & Services - 1.5%
   
 
100,000
 
B+/B1
American Petroleum Tankers Parent LLC, 10.25%, 5/1/15
$
102,563
 
250,000
 
B+/B2
Basic Energy Services, Inc., 7.75%, 10/15/22
 
263,125
 
75,000
 
BB/Ba3
Bristow Group, Inc., 6.25%, 10/15/22
 
81,750
 
100,000
 
B-/B3
Hiland Partners LP, 7.25%, 10/1/20 (144A)
 
111,250
 
300,000
 
BB-/B1
Key Energy Services, Inc., 6.75%, 3/1/21
 
313,500
 
200,000
 
B/B3
Seitel, Inc., 9.5%, 4/15/19 (144A)
 
208,500
         
$
1,080,688
       
Oil & Gas Exploration & Production - 6.4%
   
 
150,000
 
B+/NR
Antero Resources Finance Corp., 6.0%, 12/1/20
$
158,625
 
130,000
 
CCC+/Caa1
Athlon Holdings LP, 7.375%, 4/15/21 (144A)
 
136,825
 
200,000
 
CCC+/Caa1
Aurora USA Oil & Gas, Inc., 7.5%, 4/1/20 (144A)
 
208,000
 
200,000
 
B-/B3
Bonanza Creek Energy, Inc., 6.75%, 4/15/21 (144A)
 
211,000
 
125,000
 
B-/B3
Carrizo Oil & Gas, Inc., 8.625%, 10/15/18
 
138,438
 
200,000
 
BB+/Ba2
Continental Resources, Inc., 4.5%, 4/15/23 (144A)
 
213,250
 
300,000
 
BB/B1
Denbury Resources, Inc., 4.625%, 7/15/23
 
303,000
 
100,000
 
B/B2
EP Energy LLC, 9.375%, 5/1/20
 
116,500
 
50,000
 
B/B3
EPE Holdings LLC, 8.125%, 12/15/17 (144A) (PIK)
 
53,250
 
50,000
 
B-/Caa1
EPL Oil & Gas, Inc., 8.25%, 2/15/18 (144A)
 
53,750
 
75,000
 
B-/B2
Forest Oil Corp., 7.5%, 9/15/20 (144A)
 
79,875
 
100,000
 
CCC/Caa1
Goodrich Petroleum Corp., 8.875%, 3/15/19
 
105,000
 
100,000
 
CCC+/B3
Gulfport Energy Corp., 7.75%, 11/1/20 (144A)
 
107,750
 
175,000
 
CCC+/Caa1
Halcon Resources Corp., 8.875%, 5/15/21 (144A)
 
187,688
 
50,000
 
CCC+/Caa1
Halcon Resources Corp., 9.75%, 7/15/20 (144A)
 
54,625
 
110,000
 
B-/Caa1
Memorial Production Partners LP, 7.625%, 5/1/21 (144A)
 
112,200
 
175,000
 
B-/Caa1
Midstates Petroleum Co, Inc., 10.75%, 10/1/20 (144A)
 
192,500
 
200,000
 
B-/Caa1
Northern Oil and Gas, Inc., 8.0%, 6/1/20
 
209,000
 
200,000
 
B-/B3
PDC Energy, Inc., 7.75%, 10/15/22 (144A)
 
218,500
 
200,000
 
B-/Caa1
Penn Virginia Corp., 7.25%, 4/15/19
 
197,000
 
140,000
 
B-/Caa1
Penn Virginia Corp., 8.5%, 5/1/20 (144A)
 
140,700
 
100,000
 
CCC+/Caa1
PetroBakken Energy, Ltd., 8.625%, 2/1/20 (144A)
 
103,000
 
100,000
 
B-/Caa1
QR Energy LP, 9.25%, 8/1/20
 
107,750
 
100,000
 
B-/B3
Resolute Energy Corp., 8.5%, 5/1/20
 
107,500
 
190,000
 
B+/B2
Rosetta Resources, Inc., 5.625%, 5/1/21
 
198,075
 
200,000
 
B-/B3
Samson Investment Co., 9.75%, 2/15/20 (144A)
 
212,500
 
50,000
 
B-/B2
SandRidge Energy, Inc., 7.5%, 2/15/23
 
51,500
 
95,000
 
B-/B3
Stone Energy Corp., 7.5%, 11/15/22
 
104,025
 
225,000
 
B+/B3
Swift Energy Co., 7.875%, 3/1/22
 
234,562
 
200,000
 
CCC+/Caa1
Talos Production LLC, 9.75%, 2/15/18 (144A)
 
197,000
 
100,000
 
B/B3
Vanguard Natural Resources LLC, 7.875%, 4/1/20
 
108,500
         
$
4,621,888
       
Oil & Gas Refining & Marketing - 0.2%
   
 
100,000
 
BBB/Baa2
Valero Energy Corp., 6.625%, 6/15/37
$
125,868
       
Oil & Gas Storage & Transportation - 0.9%
   
 
150,000
 
B/B1
Genesis Energy LP, 5.75%, 2/15/21 (144A)
$
157,875
 
125,000
 
BB/B1
Inergy Midstream LP, 6.0%, 12/15/20 (144A)
 
131,875
 
100,000
 
BBB/Baa2
Kinder Morgan Energy Partners LP, 5.0%, 8/15/42
 
107,141
 
290,000
 
BB+/Ba3
Sabine Pass Liquefaction LLC, 5.625%, 2/1/21 (144A)
 
300,150
         
$
697,041
       
Coal & Consumable Fuels - 0.8%
   
 
100,000
 
B+/B2
Alpha Natural Resources, Inc., 6.0%, 6/1/19
$
93,500
 
150,000
 
B/B2
Bumi Investment Pte, Ltd., 10.75%, 10/6/17 (144A)
 
121,125
 
200,000
 
B/B3
Murray Energy Corp., 10.25%, 10/15/15 (144A)
 
204,000
 
150,000
 
BB-/B1
SunCoke Energy Partners LP, 7.375%, 2/1/20 (144A)
 
160,125
         
$
578,750
       
Total Energy
$
7,184,485
       
Materials - 4.1%
   
       
Commodity Chemicals - 0.5%
   
 
100,000
 
CCC+/NR
Hexion US Finance Corp., 9.0%, 11/15/20
$
104,000
 
75,000
 
BB-/B1
Rain CII Carbon LLC, 8.0%, 12/1/18 (144A)
 
80,062
 
150,000
 
B-/Caa1
US Coatings Acquisition, Inc., 7.375%, 5/1/21 (144A)
 
160,125
         
$
344,187
       
Diversified Chemicals - 0.1%
   
 
100,000
 
B-/Caa1
INEOS Group Holdings SA, 8.5%, 2/15/16 (144A)
$
101,625
       
Specialty Chemicals - 0.6%
   
 
200,000
 
B/B1
Rentech Nitrogen Partners LP, 6.5%, 4/15/21 (144A)
$
205,000
 
200,000
 
BB-/B2
Tronox Finance LLC, 6.375%, 8/15/20 (144A)
 
199,500
         
$
404,500
       
Paper Packaging - 0.7%
   
 
200,000
 
CCC+/Caa2
Exopack Holding Corp., 10.0%, 6/1/18
$
202,000
 
290,000
 
BB-/B1
Sealed Air Corp., 6.875%, 7/15/33 (144A)
 
292,900
         
$
494,900
       
Diversified Metals & Mining - 0.3%
   
 
100,000
 
CCC/Caa2
Midwest Vanadium Pty, Ltd., 11.5%, 2/15/18 (144A)
$
65,000
 
100,000
 
B-/Caa1
Mirabela Nickel, Ltd., 8.75%, 4/15/18 (144A)
 
85,000
 
50,000
 
B/Caa1
Prince Mineral Holding Corp., 11.5%, 12/15/19 (144A)
 
55,750
         
$
205,750
       
Steel - 1.2%
   
 
100,000
 
B/Caa1
Atkore International, Inc., 9.875%, 1/1/18
$
110,125
 
70,000
 
BB+/Ba2
Commercial Metals Co., 7.35%, 8/15/18
 
77,350
 
100,000
 
B/B3
JMC Steel Group, Inc., 8.25%, 3/15/18 (144A)
 
104,625
 
200,000
 
NR/B3
Metinvest BV, 8.75%, 2/14/18 (144A)
 
204,000
 
250,000
 
B-/B3
Permian Holdings, Inc., 10.5%, 1/15/18 (144A)
 
258,125
 
100,000
 
CCC+/Caa2
Ryerson, Inc., 9.0%, 10/15/17 (144A)
 
109,000
         
$
863,225
       
Forest Products - 0.1%
   
 
100,000
 
B-/B3
Millar Western Forest Products, Ltd., 8.5%, 4/1/21
$
101,000
       
Paper Products - 0.6%
   
 
260,000
 
BB-/Ba3
Resolute Forest Products, Inc., 5.875%, 5/15/23 (144A)
$
256,750
 
200,000
 
B-/Caa1
Unifrax I LLC, 7.5%, 2/15/19 (144A)
 
208,000
         
$
464,750
       
Total Materials
$
2,979,937
       
Capital Goods - 3.3%
   
       
Aerospace & Defense - 0.3%
   
 
200,000
 
BB/B1
DigitalGlobe, Inc., 5.25%, 2/1/21 (144A)
$
202,000
 
50,000
 
B-/B2
DynCorp International, Inc., 10.375%, 7/1/17
 
49,375
         
$
251,375
       
Building Products - 0.3%
   
 
100,000
 
BB-/B2
Gibraltar Industries, Inc., 6.25%, 2/1/21 (144A)
$
107,250
 
100,000
 
BBB-/Ba3
Masco Corp., 7.125%, 3/15/20
 
116,474
         
$
223,724
       
Electrical Components & Equipment - 0.2%
   
 
100,000
 
B/B3
Coleman Cable, Inc., 9.0%, 2/15/18
$
108,250
       
Industrial Conglomerates - 0.5%
   
 
225,000
 
B+/B2
JB Poindexter & Co., Inc., 9.0%, 4/1/22 (144A)
$
236,531
 
100,000
 
CCC+/B3
Park-Ohio Industries, Inc., 8.125%, 4/1/21
 
110,250
         
$
346,781
       
Construction & Farm Machinery & Heavy Trucks - 0.6%
   
 
200,000
 
B/B2
Commercial Vehicle Group, Inc., 7.875%, 4/15/19
$
204,000
 
100,000
 
A/A3
Cummins, Inc., 5.65%, 3/1/98
 
106,083
 
125,000
 
CCC+/B3
Navistar International Corp., 8.25%, 11/1/21
 
130,156
         
$
440,239
       
Industrial Machinery - 0.9%
   
 
150,000
 
B-/B3
BC Mountain LLC, 7.0%, 2/1/21 (144A)
$
161,250
 
100,000
 
B/B2
Cleaver-Brooks, Inc., 8.75%, 12/15/19 (144A)
 
110,250
 
100,000
 
B/Caa2
Liberty Tire Recycling, 11.0%, 10/1/16 (144A)
 
102,500
 
100,000
 
B/B1
Mcron Finance Sub LLC, 8.375%, 5/15/19 (144A)
 
110,000
 
150,000
 
B/B3
Xerium Technologies, Inc., 8.875%, 6/15/18
 
153,375
         
$
637,375
       
Trading Companies & Distributors - 0.5%
   
 
150,000
 
B+/B3
H&E Equipment Services, 7.0%, 9/1/22
$
166,125
 
100,000
 
BB+/NR
Aviation Capital Group Corp., 4.625%, 1/31/18 (144A)
 
104,311
 
100,000
 
B-/B3
TRAC Intermodal LLC, 11.0%, 8/15/19 (144A)
 
110,000
         
$
380,436
       
Total Capital Goods
$
2,388,180
       
Commercial Services & Supplies - 0.4%
   
       
Diversified Support Services - 0.4%
   
 
100,000
 
B-/Caa1
ADS Tactical, Inc., 11.0%, 4/1/18 (144A)
$
99,500
 
200,000
 
B+/B3
NANA Development Corp., 9.5%, 3/15/19 (144A)
 
203,750
         
$
303,250
       
Total Commercial Services & Supplies
$
303,250
       
Transportation - 0.8%
   
       
Air Freight & Logistics - 0.1%
   
 
100,000
 
D/C
CEVA Group Plc, 11.5%, 4/1/18 (144A)
$
65,000
       
Airlines - 0.3%
   
 
100,000
 
B-/NR
Gol Finance, 9.25%, 7/20/20 (144A)
$
89,250
 
150,000
 
B+/B1
US Airways 2013-1 Class B Pass Through Trust, 5.375%, 11/15/21
 
152,820
         
$
242,070
       
Trucking - 0.2%
   
 
125,000
 
B/B3
syncreon Global Ireland, Ltd., 9.5%, 5/1/18 (144A)
$
133,125
       
Airport Services - 0.2%
   
 
160,160
 
B-/B3
Aeropuertos Argentina 2000 SA, 10.75%, 12/1/20 (144A)
$
150,150
       
Total Transportation
$
590,345
       
Automobiles & Components - 0.3%
   
       
Auto Parts & Equipment - 0.3%
   
 
200,000
 
B+/B2
Pittsburgh Glass Works LLC, 8.5%, 4/15/16 (144A)
$
206,000
       
Total Automobiles & Components
$
206,000
       
Consumer Durables & Apparel - 0.9%
   
       
Home Furnishings - 0.2%
   
 
125,000
 
B+/B3
Tempur-Pedic International, Inc., 6.875%, 12/15/20 (144A)
$
136,406
       
Homebuilding - 0.4%
   
 
150,000
 
CCC/Caa2
Beazer Homes USA, Inc., 9.125%, 6/15/18
$
164,625
 
50,000
 
B/B2
KB Home, 8.0%, 3/15/20
 
58,875
 
75,000
 
B+/B1
Meritage Homes Corp., 7.0%, 4/1/22
 
84,562
         
$
308,062
       
Housewares & Specialties - 0.3%
   
 
100,000
 
CCC+/Caa2
Reynolds Group Issuer, Inc., 9.0%, 4/15/19
$
108,000
 
66,000
 
CCC+/B3
Yankee Candle Co., Inc., 9.75%, 2/15/17
 
68,393
         
$
176,393
       
Total Consumer Durables & Apparel
$
620,861
       
Consumer Services - 0.8%
   
       
Casinos & Gaming - 0.3%
   
 
50,000
 
CCC/Caa3
Codere Finance Luxembourg SA, 9.25%, 2/15/19 (144A)
$
36,500
 
100,000
 
B+/B3
MGM Resorts International, 6.75%, 10/1/20 (144A)
 
109,750
 
100,000
 
BB/B2
Seneca Gaming Corp., 8.25%, 12/1/18 (144A)
 
108,000
         
$
254,250
       
Hotels, Resorts & Cruise Lines - 0.1%
   
 
50,000
 
B+/B3
Viking Cruises, Ltd., 8.5%, 10/15/22 (144A)
$
55,875
       
Education Services - 0.1%
   
 
100,000
 
CCC-/Caa1
Cambium Learning Group, Inc., 9.75%, 2/15/17
$
82,250
       
Specialized Consumer Services - 0.3%
   
 
200,000
 
BB-/Ba3
Coinstar, Inc., 6.0%, 3/15/19 (144A)
$
207,500
       
Total Consumer Services
$
599,875
       
Media - 1.0%
   
       
Broadcasting - 0.5%
   
 
165,000
 
BB-/B1
CCO Holdings LLC, 5.75%, 1/15/24
$
171,806
 
100,000
 
CCC+/Caa2
Intelsat Luxembourg SA, 7.75%, 6/1/21 (144A)
 
105,500
 
100,000
 
B+/B2
Univision Communications, Inc., 6.875%, 5/15/19 (144A)
 
109,250
         
$
386,556
       
Movies & Entertainment - 0.5%
   
 
100,000
 
B/B3
Live Nation Entertainment, Inc., 7.0%, 9/1/20 (144A)
$
108,875
 
235,000
 
B-/B3
Regal Entertainment Group, 5.75%, 2/1/25
 
236,762
         
$
345,637
       
Total Media
$
732,193
       
Retailing - 1.1%
   
       
Computer & Electronics Retail - 0.5%
   
 
350,000
 
BB-/Ba3
Rent-A-Center, Inc., 4.75%, 5/1/21 (144A)
$
352,625
       
Specialty Stores - 0.6%
   
 
105,000
 
BB-/Ba3
CST Brands, Inc., 5.0%, 5/1/23 (144A)
$
107,756
 
75,000
 
CCC+/Caa1
Petco Holdings, Inc., 8.5%, 10/15/17 (144A) (PIK)
 
78,281
 
250,000
 
B-/B3
Radio Systems Corp., 8.375%, 11/1/19 (144A)
 
271,875
         
$
457,912
       
Total Retailing
$
810,537
       
Food, Beverage & Tobacco - 2.0%
   
       
Distillers & Vintners - 0.4%
   
 
325,000
 
BB+/Ba1
Constellation Brands, Inc., 4.25%, 5/1/23
$
325,000
       
Agricultural Products - 0.3%
   
 
200,000
 
B/NR
Tonon Bioenergia SA, 9.25%, 1/24/20 (144A)
$
207,500
       
Packaged Foods & Meats - 0.9%
   
 
175,000
 
B/B1
Chiquita Brands International, Inc., 7.875%, 2/1/21 (144A)
$
187,688
 
125,000
 
B/B3
FAGE Dairy Industry SA, 9.875%, 2/1/20 (144A)
 
138,125
 
200,000
 
B+/B2
Marfrig Holding Europe BV, 9.875%, 7/24/17 (144A)
 
187,000
 
40,000
 
B/Caa1
Pilgrim's Pride Corp., 7.875%, 12/15/18
 
43,400
 
100,000
 
B+/B2
Wells Enterprises, Inc., 6.75%, 2/1/20 (144A)
 
108,500
         
$
664,713
       
Tobacco - 0.4%
   
 
250,000
 
B-/B3
Alliance One International, Inc., 10.0%, 7/15/16
$
265,475
       
Total Food, Beverage & Tobacco
$
1,462,688
       
Household & Personal Products - 0.7%
   
       
Personal Products - 0.7%
   
 
200,000
 
BBB-/Baa2
Avon Products, Inc., 5.0%, 3/15/23
$
217,609
 
150,000
 
CCC+/Caa1
Monitronics International, Inc., 9.125%, 4/1/20
 
162,750
 
150,000
 
B/B1
Revlon Consumer Products Corp., 5.75%, 2/15/21 (144A)
 
154,500
         
$
534,859
       
Total Household & Personal Products
$
534,859
       
Health Care Equipment & Services - 1.7%
   
       
Health Care Equipment - 0.2%
   
 
125,000
 
CCC+/Caa2
Accellent, Inc., 10.0%, 11/1/17
$
119,062
       
Health Care Services - 0.5%
   
 
100,000
 
CCC+/B3
ExamWorks Group, Inc., 9.0%, 7/15/19
$
109,750
 
100,000
 
CCC+/Caa2
Gentiva Health Services, Inc., 11.5%, 9/1/18
 
104,000
 
60,000
 
CCC+/B3
Surgical Care Affiliates, Inc., 8.875%, 7/15/15 (144A)
 
60,750
 
80,000
 
CCC+/Caa1
Truven Health Analytics, Inc., 10.625%, 6/1/20 (144A)
 
91,600
         
$
366,100
       
Health Care Facilities - 0.8%
   
 
100,000
 
BB/B1
Aviv Healthcare Properties LP, 7.75%, 2/15/19
$
109,500
 
100,000
 
B/B3
Capella Healthcare, Inc., 9.25%, 7/1/17
 
108,125
 
300,000
 
B-/B3
Kindred Healthcare, Inc., 8.25%, 6/1/19
 
308,625
 
75,000
 
B-/B3
Vanguard Health Holding Co. II LLC, 7.75%, 2/1/19
 
81,469
         
$
607,719
       
Health Care Technology - 0.2%
   
 
100,000
 
B-/B3
MedAssets, Inc., 8.0%, 11/15/18
$
110,250
       
Total Health Care Equipment & Services
$
1,203,131
       
Pharmaceuticals, Biotechnology & Life Sciences - 0.6%
   
       
Biotechnology - 0.4%
   
 
250,000
 
B/Caa2
Lantheus Medical Imaging, Inc., 9.75%, 5/15/17
$
247,500
 
40,000
 
BB/B3
Warner Chilcott Co. LLC, 7.75%, 9/15/18
 
43,400
         
$
290,900
       
Pharmaceuticals - 0.2%
   
 
100,000
 
B-/Caa1
Sky Growth Acquisition Corp., 7.375%, 10/15/20 (144A)
$
106,750
       
Total Pharmaceuticals, Biotechnology & Life Sciences
$
397,650
       
Banks - 0.4%
   
       
Diversified Banks - 0.4%
   
 
250,000
 
NR/Ba3
CorpGroup Banking SA, 6.75%, 3/15/23 (144A)
$
264,688
       
Total Banks
$
264,688
       
Diversified Financials - 1.8%
   
       
Other Diversified Financial Services - 0.6%
   
 
230,000
5.35
NR/B1
Citigroup, Inc., Floating Rate Note, 4/29/49 (Perpetual)
 
230,634
 
100,000
7.12
AA-/Baa1
General Electric Capital Corp., Floating Rate Note, 12/29/49 (Perpetual)
 
117,064
 
100,000
 
NR/NR
Unison Ground Lease Funding LLC, 5.78%, 3/15/20 (144A)
 
100,089
         
$
447,787
       
Specialized Finance - 0.6%
   
 
100,000
 
BBB-/WR
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A)
$
104,327
 
150,000
 
B+/B2
Nationstar Mortgage LLC, 6.5%, 7/1/21 (144A)
 
157,312
 
150,000
 
B/B1
Oxford Finance LLC, 7.25%, 1/15/18 (144A)
 
159,000
         
$
420,639
       
Consumer Finance - 0.3%
   
 
200,000
 
B+/B1
Jefferies Finance LLC, 7.375%, 4/1/20 (144A)
$
208,000
       
Asset Management & Custody Banks - 0.3%
   
 
200,000
 
BBB/NR
Prospect Capital Corp., 5.875%, 3/15/23
$
200,726
       
Total Diversified Financials
$
1,277,152
       
Insurance - 3.8%
   
       
Insurance Brokers - 0.4%
   
 
100,000
 
CCC+/Caa2
Hub International, Ltd., 8.125%, 10/15/18 (144A)
$
107,625
 
200,000
 
CCC/Caa2
Onex USI Acquisition Corp., 7.75%, 1/15/21 (144A)
 
206,000
         
$
313,625
       
Multi-line Insurance - 0.2%
   
 
100,000
 
BBB-/Baa3
Genworth Holdings, Inc., 7.2%, 2/15/21
$
120,736
       
Reinsurance - 3.2%
   
 
250,000
14.00
B-/NR
Blue Fin, Ltd., Floating Rate Note, 5/28/13 (Cat Bond) (144A)
$
251,750
 
250,000
0.00
BB-/NR
Caelus Re, Ltd., Floating Rate Note, 3/7/16 (Cat Bond) (144A)
 
250,800
 
250,000
6.65
BB/NR
East Lane Re, Ltd., Floating Rate Note, 3/13/15 (Cat Bond) (144A)
 
260,175
 
250,000
6.60
BB-/NR
Embarcadero Reinsurance, Ltd., Floating Rate Note, 8/4/14 (Cat Bond) (144A)
 
256,100
 
250,000
5.75
BB/NR
Foundation Re III, Ltd., Floating Rate Note, 2/3/14 (Cat Bond) (144A)
 
251,725
 
250,000
8.25
BB-/NR
Lodestone Re, Ltd., Floating Rate Note, 5/17/13 (Cat Bond) (144A)
 
250,450
 
250,000
8.71
B+/NR
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 1/5/17 (Cat Bond) (144A)
258,025
 
250,000
11.94
B-/NR
Mythen Re, Ltd. Series 2012-2 Class A, Floating Rate Note, 11/10/16 (Cat Bond) (144A)
245,425
 
250,000
4.50
BB+/NR
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A)
253,025
         
$
2,277,475
       
Total Insurance
$
2,711,836
       
Real Estate - 0.4%
   
       
Diversified REIT's - 0.3%
   
 
200,000
 
B/Ba3
CNL Lifestyle Properties, Inc., 7.25%, 4/15/19
$
202,500
       
Real Estate Operating Companies - 0.1%
   
 
100,000
 
B/B3
Forest City Enterprises, Inc., 6.5%, 2/1/17
$
97,500
       
Total Real Estate
$
300,000
       
Software & Services - 0.5%
   
       
Internet Software & Services - 0.2%
   
 
125,000
 
BB/B1
j2 Global, Inc., 8.0%, 8/1/20
$
135,000
       
Data Processing & Outsourced Services - 0.2%
   
 
125,000
 
B-/Caa1
First Data Corp., 8.25%, 1/15/21 (144A)
$
132,812
       
Application Software - 0.1%
   
 
80,000
 
CCC-/Caa2
Allen Systems Group, Inc., 10.5%, 11/15/16 (144A)
$
50,800
       
Total Software & Services
$
318,612
       
Technology Hardware & Equipment - 0.2%
   
       
Electronic Equipment Manufacturers - 0.2%
   
 
125,000
 
BB-/B1
Viasystems, Inc., 7.875%, 5/1/19 (144A)
$
133,438
       
Total Technology Hardware & Equipment
$
133,438
       
Semiconductors & Semiconductor Equipment - 0.2%
   
       
Semiconductor Equipment - 0.1%
   
 
70,000
 
B+/Caa1
MEMC Electronic Materials, Inc., 7.75%, 4/1/19
$
65,100
       
Semiconductors - 0.1%
   
 
100,000
 
B/B2
Advanced Micro Devices, Inc., 7.5%, 8/15/22 (144A)
$
95,750
       
Total Semiconductors & Semiconductor Equipment
$
160,850
       
Telecommunication Services - 1.1%
   
       
Integrated Telecommunication Services - 0.9%
   
 
177,000
 
CCC+/B3
Cincinnati Bell, Inc., 8.75%, 3/15/18
$
180,540
 
100,000
 
BB-/Ba2
Frontier Communications Corp., 7.625%, 4/15/24
 
104,250
 
160,000
 
BB-/Ba2
Frontier Communications Corp., 8.75%, 4/15/22
 
180,000
 
75,000
 
NR/B1
Windstream Corp., 6.375%, 8/1/23
 
77,625
 
120,000
 
B/B1
Windstream Corp., 7.5%, 6/1/22
 
132,300
         
$
674,715
       
Wireless Telecommunication Services - 0.2%
   
 
100,000
 
B/Ba3
MetroPCS Wireless, Inc., 6.625%, 11/15/20
$
108,250
       
Total Telecommunication Services
$
782,965
       
Utilities - 0.7%
   
       
Gas Utilities - 0.4%
   
 
100,000
 
NR/Ba2
AmeriGas Finance LLC, 7.0%, 5/20/22
$
111,750
 
200,000
 
B-/B2
Ferrellgas LP, 6.5%, 5/1/21
 
210,500
         
$
322,250
       
Independent Power Producers & Energy Traders - 0.3%
   
 
150,000
 
B/B1
InterGen NV, 9.0%, 6/30/17 (144A)
 
151,875
 
75,000
 
BB-/B1
NRG Energy, Inc., 7.625%, 1/15/18
 
86,906
         
$
238,781
       
Total Utilities
$
561,031
       
TOTAL CORPORATE BONDS
   
       
(Cost $25,405,349)
$
26,524,563
             
       
FOREIGN GOVERNMENT BONDS - 1.9%
   
EURO
450,000
 
BBB-/Baa3
Spain Government Bond, 5.5%, 4/30/21
$
663,163
EURO
450,000
 
BBB-/Baa3
Spain Government Bond, 6.0%, 1/31/29
 
690,803
       
TOTAL FOREIGN GOVERNMENT BONDS
   
       
(Cost $1,228,570)
$
1,353,966
             
       
SENIOR FLOATING RATE LOAN INTERESTS - 2.0% **
   
       
Capital Goods - 0.1%
   
       
Electrical Components & Equipment - 0.1%
   
 
99,250
0.00
NR/NR
Pelican Products, Inc., Term Loan (First Lien), 8/15/18
$
100,491
       
Total Capital Goods
$
100,491
       
Automobiles & Components - 0.2%
   
       
Auto Parts & Equipment - 0.2%
   
 
124,688
0.00
B+/B1
Metaldyne Corp., USD Term Loan, 12/19/18
$
127,337
       
Total Automobiles & Components
$
127,337
       
Consumer Durables & Apparel - 0.3%
   
       
Housewares & Specialties - 0.1%
   
 
45,129
0.00
B+/B1
Yankee Candle Co., Inc., Initial Term Loan, 3/2/19
$
45,541
       
Apparel, Accessories & Luxury Goods - 0.2%
   
 
149,625
0.00
B/B2
Renfro Corp., Tranche B Term Loan, 1/23/19
$
152,243
       
Total Consumer Durables & Apparel
$
197,784
       
Consumer Services - 0.2%
   
       
Leisure Facilities - 0.2%
   
 
150,000
0.00
B+/B1
Bombardier Recreational Products, Inc., Term B Loan, 7/17/19
$
151,781
       
Total Consumer Services
$
151,781
       
Media - 0.3%
   
       
Broadcasting - 0.3%
   
 
149,625
0.00
B/B1
NEP Broadcasting LLC, Refinanced New Term Loan (First Lien), 1/3/20
$
152,197
 
59,959
0.00
B+/B2
Univision Communications, Inc., 2013 Converted Extended First-Lien Term Loan, 2/22/20
60,639
         
$
212,836
       
Total Media
$
212,836
       
Food, Beverage & Tobacco - 0.3%
   
       
Packaged Foods & Meats - 0.3%
   
 
200,000
0.00
B-/NR
Hostess Brands, Inc., Term B Loan, 2/25/20
$
205,375
       
Total Food, Beverage & Tobacco
$
205,375
       
Household & Personal Products - 0.1%
   
       
Personal Products - 0.1%
   
 
59,400
0.00
B/NR
Monotronics International, Inc., Term B Loan, 3/23/18
$
60,366
       
Total Household & Personal Products
$
60,366
       
Banks - 0.2%
   
       
Thrifts & Mortgage Finance - 0.2%
   
 
150,000
0.00
B/B1
Ocwen Financial Corp., Initial Term Loan, 1/15/18
$
152,719
       
Total Banks
$
152,719
       
Diversified Financials - 0.0%
   
       
Consumer Finance - 0.0%
   
 
40,468
0.00
B/B3
Springleaf Finance Corp., Initial Term Loan, 5/28/17
$
40,695
       
Total Diversified Financials
$
40,695
       
Software & Services - 0.1%
   
       
Application Software - 0.1%
   
 
98,738
0.00
NR/B1
Vertafore, Inc., Term Loan (2013), 10/20/19
$
99,849
       
Total Software & Services
$
99,849
       
Telecommunication Services - 0.2%
   
       
Integrated Telecommunication Services - 0.2%
   
 
123,884
0.00
B+/Ba3
West Corp., Term B-8 Loan, 6/30/18
$
126,035
       
Total Telecommunication Services
$
126,035
       
TOTAL SENIOR FLOATING RATE LOAN INTERESTS
   
       
(Cost $1,439,084)
$
1,475,268
             
       
TOTAL INVESTMENT IN SECURITIES - 96.0%
   
       
(Cost $65,745,043) (a)
$
69,370,495
       
OTHER ASSETS & LIABILITIES - 4.0%
$
2,906,456
       
TOTAL NET ASSETS - 100.0%
$
72,276,951
             
             
             
 
NR
   
Not rated by either S&P or Moody's.
   
             
 
WR
   
Withdrawn rating.
   
             
 
PIK
   
Represents a pay-in-kind security.
   
             
 
(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 $20,442,038 or 28.3% of total net assets.
             
 
REIT
   
Real Estate Investment Trust
   
             
 
(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.
   
             
 
(A.D.R.)
   
American Depositary Receipts.
   
             
 
(Cat Bond)
 
Catastrophe Bond is a high-yield debt instrument that is usually insurance linked and meant to raise money in case of a catastrophe.
             
 
**
   
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.
             
 
(a)
   
At April 30, 2013, the net unrealized gain on investments based on
   
       
cost for federal income tax purposes of $65,778,130 was as follows:
   
             
       
Aggregate gross unrealized gain for all investments in which
   
       
there is an excess of value over tax cost
$
3,926,521
             
       
Aggregate gross unrealized loss for all investments in which
   
       
there is an excess of tax cost over value
 
(334,156)
             
       
Net unrealized gain
$
3,592,365
             
 
(b)
   
Debt obligation with a variable interest rate.  Rate shown is rate at period end
   
             
Various inputs are used in determining the value of the Fund’s investments.  These inputs are summarized in the three broad levels listed below.
             
Level 1 – quoted prices in active markets for identical securities
   
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
See Notes to Financial Statements - Note 1A.
   
Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments)
See Notes to Financial Statements - Note 1A.
   
             
Generally, equity securities are categorized as Level 1, fixed income securities and senior loans as Level 2 and securities valued
using fair value methods (other than prices supplied by independent pricing services) as Level 3.  See Notes to Financial Statements - Note 1A.
             
The following is a summary of the inputs used as of April 30, 2013, in valuing the Fund’s assets:
   



         
Level 1
   
Level 2
   
Level 3
   
Total
 
     
Convertible Corporate Bonds
        $ 321,424           $ 321,424  
     
Preferred Stock
    482,526       107,500       150,720       740,746  
     
Common Stocks
    16,775,715       16,924,451               33,700,166  
     
Asset Backed Securities
            934,115               934,115  
     
Collateralized Mortgage Obligations
            4,320,247               4,320,247  
     
Corporate Bonds
            26,524,563               26,524,563  
     
Foreign Government Bonds
            1,353,966               1,353,966  
     
Senior Floating Rate Loan Interests
            1,475,268               1,475,268  
     
Total
  $ 17,258,241     $ 51,961,534     $ 150,720     $ 69,370,495  
                                       
     
Other Financial Instruments
                               
     
Unrealized gain on futures contracts
    (7,500 )     -       -       (7,500 )
     
Total Other Financial Instruments
  $ (7,500 )   $ -     $ -     $ (7,500 )
                                       
The following is a reconciliation of assets valued using significant observable inputs (Level 3):
                               
         
Preferred Stock
                 
                                       
     
Balance as of 10/31/12
  $ -                          
     
Realized gain (loss)
    -                          
     
Change in unrealized appreciation (depreciation)1
    720                          
     
Purchases*
    150,000                          
     
Sales
    -                          
     
Transfers in to Level 3**
    -                          
     
Transfers out of Level 3**
    -                          
     
Balance as of 4/30/13
  $ 150,720                          
                                       
    1  
Realized gain (loss) on these securities is included in the net realized gain (loss) from investments in the Statement of Operations.
 
    2  
Unrealized appreciation (depreciation) on these securities is included in the change in unrealized gain (loss) on investments in the Statement of Operations.
 
                                         
    *  
A portion of the total purchases includes payment-in-kind transactions.
                               
                                         
    **  
Transfers are calculated on the beginning of period values. During the six months ended April 30, 2013, there were
         
       
no transters between Levels 1, 2 and 3.
                               
                                         
       
Net change in unrealized appreciation (depreciation) of investments
                               
       
still held as of 4/30/13
    720                          
                                         



       
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
   
             
             
Various inputs are used in determining the value of the Fund's investments.  These inputs are summarized in the three broad levels listed below.
             
Level 1 – quoted prices in active markets for identical securities
   
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
See Notes to Financial Statements - Note 1A.
   
Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments)
See Notes to Financial Statements - Note 1A.
   
             
Generally, equity securities are categorized as Level 1, fixed income securities and senior loans as Level 2 and securities valued
using fair value methods (other than prices supplied by independent pricing services) are categorized as Level 3.
See Notes to Financial Statements - Note 1A.
   
             
The following is a summary of the inputs used as of April 30, 2013, in valuing the Fund's assets:
   



   
Level 1
   
Level 2
   
Level 3
   
Total
 
Preferred stocks
  $ 1,210,813     $ 107,500     $ -     $ 1,318,313  
Convertible preferred stock
    923,825       -       -       923,825  
Common stocks
    192,120,952       -       -       192,120,952  
Asset backed securities
    -       3,528,748       -       3,528,748  
Collateralized mortgage obligations
    -       11,376,591       -       11,376,591  
Corporate bonds
    -       64,887,440       -       64,887,440  
U.S. government and agency obligations
    -       17,401,310       -       17,401,310  
Foreign government bond
    -       413,411       -       413,411  
Municipal bonds
    -       4,023,848       -       4,023,848  
Senior Floating Rate Loan Interests
    -       1,851,482       -       1,851,482  
Total
  $ 194,255,590     $ 103,590,330     $ -     $ 297,845,920  



       
Pioneer Government Income Fund
     
       
Schedule of Investments 4/30/13 (unaudited)
     
               
 
Principal Amount ($)
Floating
Rate (d)
S&P/Moody's
Ratings
 
Value
 
       
ASSET BACKED SECURITIES - 5.6%
     
 
2,000,000
1.03
AAA/Aaa
SLM Student Loan Trust 2004-10, Floating Rate Note, 4/27/26 (144A)
$
2,000,000
 
 
378,959
 
AA+/Aaa
Small Business Administration Participation Certificates, 4.2%, 9/1/29
 
422,297
 
 
892,389
 
AA+/Aaa
Small Business Administration Participation Certificates, 4.625%, 2/1/25
994,088
 
 
1,113,868
 
AA+/Aaa
Small Business Administration Participation Certificates, 4.84%, 5/1/25
 
1,239,388
 
 
917,180
 
AA+/Aaa
Small Business Administration Participation Certificates, 5.37%, 4/1/28
 
1,061,771
 
 
610,113
 
AA+/Aaa
Small Business Administration Participation Certificates, 5.63%, 10/1/28
706,217
 
 
207,885
 
AA+/Aaa
Small Business Administration Participation Certificates, 5.72%, 1/1/29
 
242,186
 
 
339,793
 
AA+/Aaa
Small Business Administration Participation Certificates, 6.14%, 1/1/22
 
376,636
 
 
1,106,343
 
AA+/Aaa
Small Business Administration Participation Certificates, 6.02%, 8/1/28
 
1,288,698
 
 
639,794
 
AA+/Aaa
Small Business Administration Participation Certificates, 6.22%, 12/1/28
747,142
 
       
TOTAL ASSET BACKED SECURITIES
     
       
(Cost $8,276,379)
$
9,078,423
 
               
       
COLLATERALIZED MORTGAGE OBLIGATIONS - 19.0%
     
 
1,310,068
3.38
NR/NR
Fannie Mae Grantor Trust 2004-T2, Floating Rate Note, 7/25/43
$
1,403,668
 
 
150,000
 
NR/NR
Fannie Mae REMICS, 4.5%, 6/25/29
 
166,866
 
 
2,631
 
NR/NR
Fannie Mae REMICS, 5.69%, 1/25/32
 
2,632
 
 
695,947
0.50
NR/NR
Fannie Mae REMICS, Floating Rate Note, 12/25/42
 
696,219
 
 
4,723,171
 
NR/NR
Fannie Mae-Aces, 4.92%, 7/25/20
 
4,745,190
 
 
4,172,956
6.30
NR/NR
Fannie Mae-Aces, Floating Rate Note, 4/25/19
 
4,458,261
 
 
182,505
 
NR/NR
Freddie Mac REMICS, 5.0%, 6/15/34
 
188,185
 
 
36,982
 
NR/NR
Freddie Mac REMICS, 5.5%, 2/15/33
 
36,979
 
 
277,907
0.60
NR/NR
Freddie Mac REMICS, Floating Rate Note, 12/15/20
 
279,714
 
 
2,997,208
 
AAA/Aaa
Government National Mortgage Association, 3.025%, 2/16/30
 
3,046,029
 
 
88,769
 
AAA/Aaa
Government National Mortgage Association, 4.175%, 1/16/38
 
90,679
 
 
112,068
 
AAA/Aaa
Government National Mortgage Association, 5.25%, 8/16/35
 
132,555
 
 
651,227
 
AAA/Aaa
Government National Mortgage Association, 6.0%, 6/16/32
 
732,242
 
 
2,000,000
4.82
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 1/16/50
2,227,610
 
 
9,710,495
0.56
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 11/16/51
372,262
 
 
7,601,214
1.82
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 11/16/52
615,349
 
 
282,455
0.65
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 12/16/29
285,152
 
 
3,000,000
5.14
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 12/16/36
3,240,174
 
 
883,953
5.12
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 12/16/46
926,396
 
 
10,360,406
1.10
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 2/16/52
486,566
 
 
1,775,246
1.03
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 2/16/53
155,011
 
 
1,478,755
1.05
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 3/16/53
125,394
 
 
8,795,909
1.30
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 4/16/51
439,197
 
 
8,623,660
1.27
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 4/16/51
486,538
 
 
399,557
5.78
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 6/16/32
419,780
 
 
8,113,728
1.47
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 6/16/52
577,503
 
 
1,970,151
1.07
AAA/Aaa
Government National Mortgage Association, Floating Rate Note, 9/16/52
181,136
 
 
1,639,067
3.00
AAA/Aaa
La Hipotecaria Panamanian Mortgage Trust 2010-1, Floating Rate Note, 9/8/39 (144A)
1,711,801
 
 
801,150
 
NR/NR
Vendee Mortgage Trust 2008-1, 5.25%, 1/15/32
 
928,977
 
 
1,684,950
 
NR/NR
Vendee Mortgage Trust 2010-1, 4.25%, 2/15/35
 
1,875,049
 
       
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
     
       
(Cost $33,060,315)
$
31,033,114
 
               
       
CORPORATE BONDS - 10.6%
     
       
Diversified Financials - 10.2%
     
       
Specialized Finance - 10.2%
     
 
600,000
 
AA+/Aaa
Private Export Funding Corp., 2.25%, 12/15/17
$
640,337
 
 
1,300,000
 
AA+/Aaa
Private Export Funding Corp., 2.8%, 5/15/22
 
1,406,943
 
 
4,420,000
 
AA+/Aaa
Private Export Funding Corp., 4.3%, 12/15/21
 
5,286,956
 
 
5,750,000
 
AA+/Aaa
Private Export Funding Corp., 4.375%, 3/15/19
 
6,809,127
 
 
2,155,000
 
AA+/Aaa
Private Export Funding Corp., 5.45%, 9/15/17
 
2,582,177
 
         
$
16,725,540
 
       
Total Diversified Financials
$
16,725,540
 
       
Government - 0.4%
     
       
Government - 0.4%
     
 
613,774
 
AA+/Aaa
Helios Leasing I LLC, 2.018%, 5/29/24
$
631,652
 
       
Total Government
$
631,652
 
       
TOTAL CORPORATE BONDS
     
       
(Cost $15,664,028)
$
17,357,192
 
               
       
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 54.3%
     
 
7,700,000
 
AAA/Aaa
Fannie Mae Pool, 4.0%, 7/25/43
$
8,241,406
 
 
1,375,346
 
AAA/Aaa
Fannie Mae, 3.763%, 12/1/20
 
1,556,075
 
 
3,312,062
 
AAA/Aaa
Fannie Mae, 4.0%, 10/1/41
 
3,547,756
 
 
164,977
 
AAA/Aaa
Fannie Mae, 4.0%, 9/1/20
 
176,890
 
 
51,712
 
AAA/Aaa
Fannie Mae, 4.5%, 11/1/20
 
55,578
 
 
1,953,875
 
AAA/Aaa
Fannie Mae, 4.64%, 11/1/14
 
2,033,770
 
 
1,101,762
 
AAA/Aaa
Fannie Mae, 4.989%, 6/1/15
 
1,175,325
 
 
179,001
 
AAA/Aaa
Fannie Mae, 5.0%, 1/1/20
 
193,854
 
 
347,505
 
AAA/Aaa
Fannie Mae, 5.0%, 10/1/34
 
378,228
 
 
249,211
 
AAA/Aaa
Fannie Mae, 5.0%, 3/1/23
 
267,593
 
 
2,854,925
 
AAA/Aaa
Fannie Mae, 5.0%, 4/1/38
 
3,091,265
 
 
473,051
 
AAA/Aaa
Fannie Mae, 5.0%, 7/1/34
 
514,872
 
 
239,064
 
AAA/Aaa
Fannie Mae, 5.0%, 8/1/18
 
255,965
 
 
316,617
 
AAA/Aaa
Fannie Mae, 5.5%, 2/1/25
 
347,518
 
 
72,716
 
AAA/Aaa
Fannie Mae, 5.72%, 11/1/28
 
81,039
 
 
72,014
 
AAA/Aaa
Fannie Mae, 5.72%, 6/1/29
 
80,268
 
 
67,001
 
AAA/Aaa
Fannie Mae, 5.75%, 3/1/33
 
74,975
 
 
37,279
 
AAA/Aaa
Fannie Mae, 5.9%, 11/1/27
 
41,552
 
 
45,482
 
AAA/Aaa
Fannie Mae, 5.9%, 2/1/28
 
50,695
 
 
99,674
 
AAA/Aaa
Fannie Mae, 5.9%, 4/1/28
 
111,099
 
 
504,204
 
AAA/Aaa
Fannie Mae, 6.0%, 11/1/34
 
561,070
 
 
105,433
 
AAA/Aaa
Fannie Mae, 6.0%, 11/1/34
 
117,324
 
 
150,943
 
AAA/Aaa
Fannie Mae, 6.0%, 12/1/37
 
165,184
 
 
280,814
 
AAA/Aaa
Fannie Mae, 6.5%, 11/1/47
 
308,273
 
 
201,472
 
AAA/Aaa
Fannie Mae, 6.5%, 7/1/32
 
228,099
 
 
162,838
 
AAA/Aaa
Fannie Mae, 7.0%, 10/1/19
 
181,730
 
 
18,179
 
AAA/Aaa
Fannie Mae, 7.5%, 4/1/15
 
18,894
 
 
12,446
 
AAA/Aaa
Fannie Mae, 7.5%, 6/1/15
 
12,971
 
 
18,042
 
AAA/Aaa
Fannie Mae, 8.0%, 7/1/15
 
18,874
 
 
19,108
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 4.0%, 11/1/13
 
19,184
 
 
278,645
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 5.0%, 10/1/38
 
299,135
 
 
258,183
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 5.0%, 9/1/38
 
277,168
 
 
45,533
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 5.5%, 1/1/34
 
49,565
 
 
166,467
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 6.0%, 1/1/33
 
185,345
 
 
342,039
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 6.0%, 1/1/38
 
372,813
 
 
126,983
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 6.0%, 11/1/33
 
141,384
 
 
26,077
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 6.0%, 5/1/16
 
27,447
 
 
24,469
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 6.0%, 6/1/16
 
25,729
 
 
143,559
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 6.0%, 7/1/36
 
159,279
 
 
52,582
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 6.0%, 7/1/36
 
57,379
 
 
509,668
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 6.0%, 7/1/38
 
557,434
 
 
43,111
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 6.0%, 8/1/18
 
46,922
 
 
20,559
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 6.5%, 5/1/31
 
23,111
 
 
76,695
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 7.0%, 10/1/46
 
86,009
 
 
6,439
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 7.0%, 3/1/14
 
6,522
 
 
5,360
 
AAA/Aaa
Federal Home Loan Mortgage Corp., 7.0%, 6/1/31
 
6,322
 
 
1,000,000
 
NR/NR
Financing Corp. Fico, 0.0%, 4/6/18
 
960,527
 
 
2,000,000
 
NR/NR
Financing Corp. Fico, 0.0%, 5/11/18
 
1,917,930
 
 
40,839
 
AAA/Aaa
Government National Mortgage Association I, 4.5%, 12/15/19
 
44,497
 
 
77,813
 
AAA/Aaa
Government National Mortgage Association I, 4.5%, 4/15/18
 
82,782
 
 
133,925
 
AAA/Aaa
Government National Mortgage Association I, 4.5%, 4/15/20
 
145,892
 
 
134,989
 
AAA/Aaa
Government National Mortgage Association I, 4.5%, 6/15/19
 
147,146
 
 
469,432
 
AAA/Aaa
Government National Mortgage Association I, 4.5%, 6/15/25
 
509,656
 
 
53,239
 
AAA/Aaa
Government National Mortgage Association I, 4.5%, 8/15/19
 
58,046
 
 
169,407
 
AAA/Aaa
Government National Mortgage Association I, 5.0%, 2/15/19
 
184,179
 
 
553,959
 
AAA/Aaa
Government National Mortgage Association I, 5.0%, 7/15/40
 
610,811
 
 
171,323
 
AAA/Aaa
Government National Mortgage Association I, 5.5%, 1/15/29
 
187,425
 
 
159,996
 
AAA/Aaa
Government National Mortgage Association I, 5.5%, 10/15/19
 
171,824
 
 
146,429
 
AAA/Aaa
Government National Mortgage Association I, 5.5%, 10/15/33
 
161,182
 
 
93,510
 
AAA/Aaa
Government National Mortgage Association I, 5.5%, 10/15/34
 
102,786
 
 
69,841
 
AAA/Aaa
Government National Mortgage Association I, 5.5%, 4/15/19
 
75,419
 
 
43,483
 
AAA/Aaa
Government National Mortgage Association I, 5.5%, 4/15/31
 
47,610
 
 
42,153
 
AAA/Aaa
Government National Mortgage Association I, 5.5%, 6/15/18
 
45,206
 
 
238,614
 
AAA/Aaa
Government National Mortgage Association I, 5.5%, 8/15/33
 
262,655
 
 
97,912
 
AAA/Aaa
Government National Mortgage Association I, 5.5%, 9/15/33
 
110,837
 
 
26,631
 
AAA/Aaa
Government National Mortgage Association I, 5.72%, 4/15/29
 
29,239
 
 
26,984
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 1/15/24
 
30,581
 
 
86,963
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 1/15/33
 
99,098
 
 
111,336
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 1/15/33
 
127,269
 
 
10,987
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 10/15/28
 
12,473
 
 
25,625
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 10/15/32
 
29,329
 
 
80,414
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 10/15/32
 
91,836
 
 
137,038
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 10/15/32
 
156,503
 
 
93,636
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 10/15/34
 
106,322
 
 
120,918
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 10/15/34
 
137,791
 
 
255,434
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 10/15/34
 
291,077
 
 
1,126
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 11/15/28
 
1,124
 
 
25,311
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 11/15/32
 
29,001
 
 
15,094
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 11/15/32
 
17,267
 
 
199,754
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 11/15/33
 
228,502
 
 
164,035
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 11/15/37
 
185,490
 
 
338,573
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 12/15/23
 
384,760
 
 
349,624
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 12/15/32
 
401,306
 
 
476,981
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 12/15/32
 
547,490
 
 
173,776
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 12/15/32
 
199,464
 
 
33,063
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 12/15/32
 
37,822
 
 
142,672
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 12/15/32
 
163,762
 
 
298,788
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 12/15/32
 
342,956
 
 
31,701
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 12/15/32
 
36,283
 
 
142,729
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 2/15/29
 
162,423
 
 
186,001
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 2/15/33
 
212,770
 
 
80,740
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 2/15/33
 
92,663
 
 
260,209
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 2/15/33
 
296,519
 
 
144,931
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 2/15/33
 
165,517
 
 
82,666
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 3/15/19
 
91,722
 
 
72,233
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 3/15/19
 
80,145
 
 
120,119
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 3/15/33
 
136,880
 
 
49,710
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 3/15/33
 
56,646
 
 
62,349
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 3/15/33
 
71,322
 
 
362,374
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 3/15/34
 
415,942
 
 
99,075
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 4/15/28
 
112,274
 
 
41,643
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 4/15/33
 
47,663
 
 
63,349
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 5/15/33
 
72,466
 
 
161,495
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 6/15/31
 
183,728
 
 
128,562
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 6/15/34
 
145,980
 
 
82,414
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 8/15/34
 
97,449
 
 
346,778
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 8/15/34
 
397,335
 
 
385,303
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 8/15/38
 
435,697
 
 
396,677
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 9/15/32
 
455,315
 
 
149,811
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 9/15/32
 
171,090
 
 
52,317
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 9/15/33
 
59,503
 
 
58,787
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 9/15/34
 
66,752
 
 
225,724
 
AAA/Aaa
Government National Mortgage Association I, 6.0%, 9/15/35
 
257,024
 
 
28,824
 
AAA/Aaa
Government National Mortgage Association I, 6.25%, 11/15/13
 
29,148
 
 
5,990
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 1/15/15
 
6,091
 
 
60,145
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 1/15/32
 
67,925
 
 
16,960
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 1/15/32
 
20,170
 
 
57,804
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 10/15/24
 
67,496
 
 
38,867
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 10/15/28
 
45,428
 
 
9,531
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 10/15/28
 
10,770
 
 
2,740
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 10/15/31
 
3,251
 
 
143,415
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 11/15/31
 
170,158
 
 
36,171
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 12/15/31
 
42,916
 
 
44,859
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 2/15/28
 
50,092
 
 
43,218
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 2/15/29
 
50,655
 
 
57,829
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 2/15/32
 
65,817
 
 
49,223
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 2/15/32
 
58,541
 
 
39,700
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 2/15/32
 
45,482
 
 
15,364
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 2/15/32
 
17,655
 
 
33,005
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 2/15/32
 
39,253
 
 
35,878
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 3/15/29
 
41,710
 
 
147,684
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 3/15/29
 
166,058
 
 
131,385
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 3/15/32
 
151,496
 
 
32,643
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 4/15/17
 
34,706
 
 
20,481
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 4/15/28
 
23,033
 
 
90,039
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 4/15/28
 
96,920
 
 
139,056
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 4/15/32
 
165,378
 
 
13,343
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 4/15/32
 
15,029
 
 
35,977
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 4/15/32
 
42,787
 
 
58,245
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 4/15/33
 
66,806
 
 
9,412
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 5/15/29
 
10,742
 
 
44,294
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 5/15/31
 
50,120
 
 
25,769
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 5/15/32
 
30,387
 
 
10,424
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 5/15/32
 
12,397
 
 
104,393
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 5/15/32
 
124,155
 
 
44,842
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 5/15/32
 
53,330
 
 
40,349
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 6/15/17
 
44,164
 
 
18,356
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 6/15/28
 
21,279
 
 
30,715
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 6/15/29
 
36,238
 
 
14,272
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 6/15/31
 
16,933
 
 
11,510
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 6/15/31
 
13,141
 
 
23,663
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 6/15/32
 
28,143
 
 
18,642
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 6/15/32
 
22,171
 
 
50,077
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 7/15/31
 
57,016
 
 
15,737
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 7/15/32
 
17,893
 
 
44,640
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 7/15/32
 
53,091
 
 
19,543
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 8/15/28
 
22,981
 
 
18,964
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 8/15/31
 
22,500
 
 
66,354
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 8/15/32
 
78,247
 
 
82,911
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 8/15/32
 
98,086
 
 
32,140
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 9/15/31
 
36,630
 
 
68,525
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 9/15/31
 
81,303
 
 
33,241
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 9/15/32
 
39,439
 
 
55,244
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 9/15/32
 
65,702
 
 
79,723
 
AAA/Aaa
Government National Mortgage Association I, 6.5%, 9/15/32
 
91,052
 
 
162,143
 
AAA/Aaa
Government National Mortgage Association I, 6.75%, 4/15/26
 
190,738
 
 
37,536
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 1/15/28
 
44,920
 
 
155,031
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 1/15/31
 
184,931
 
 
9,856
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 10/15/16
 
10,549
 
 
20,758
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 11/15/26
 
24,992
 
 
76,301
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 11/15/29
 
91,266
 
 
19,941
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 11/15/31
 
23,787
 
 
35,689
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 12/15/30
 
37,069
 
 
44,535
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 12/15/30
 
53,211
 
 
70,921
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 12/15/30
 
83,889
 
 
40,497
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 2/15/28
 
48,464
 
 
29,957
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 3/15/28
 
35,850
 
 
77,533
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 3/15/32
 
92,298
 
 
37,928
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 4/15/28
 
45,389
 
 
48,883
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 4/15/29
 
58,470
 
 
35,645
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 4/15/31
 
42,520
 
 
55,898
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 4/15/32
 
66,542
 
 
76,015
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 5/15/29
 
90,924
 
 
12,651
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 5/15/31
 
15,091
 
 
43,635
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 6/15/27
 
51,346
 
 
6,254
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 6/15/29
 
7,481
 
 
63,612
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 7/15/25
 
73,592
 
 
26,179
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 7/15/28
 
31,328
 
 
47,203
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 7/15/28
 
55,685
 
 
27,026
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 7/15/29
 
31,248
 
 
47,069
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 8/15/23
 
54,834
 
 
137,294
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 9/15/24
 
163,460
 
 
58,469
 
AAA/Aaa
Government National Mortgage Association I, 7.0%, 9/15/31
 
69,745
 
 
69,151
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 10/15/23
 
81,428
 
 
89,082
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 10/15/27
 
104,852
 
 
18,861
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 10/15/29
 
21,825
 
 
17,807
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 11/15/30
 
18,352
 
 
5,193
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 12/15/25
 
5,449
 
 
40,902
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 2/15/27
 
47,589
 
 
18,067
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 2/15/31
 
19,124
 
 
15,971
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 3/15/23
 
18,073
 
 
58,708
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 3/15/27
 
70,692
 
 
11,382
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 3/15/31
 
12,408
 
 
32,873
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 4/15/23
 
33,556
 
 
2,046
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 6/15/24
 
2,144
 
 
19,473
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 6/15/29
 
22,553
 
 
13,088
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 8/15/25
 
13,532
 
 
1,422
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 8/15/29
 
1,449
 
 
3,246
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 8/15/29
 
3,355
 
 
14,601
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 9/15/25
 
16,949
 
 
6,648
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 9/15/25
 
6,701
 
 
113,129
 
AAA/Aaa
Government National Mortgage Association I, 7.5%, 9/15/29
 
130,759
 
 
77,508
 
AAA/Aaa
Government National Mortgage Association I, 8.25%, 5/15/20
 
83,577
 
 
87
 
AAA/Aaa
Government National Mortgage Association I, 8.5%, 2/15/23
 
87
 
 
2,688
 
AAA/Aaa
Government National Mortgage Association I, 8.5%, 8/15/21
 
2,725
 
 
13,798
 
AAA/Aaa
Government National Mortgage Association I, 9.0%, 1/15/20
 
14,437
 
 
2,181
 
AAA/Aaa
Government National Mortgage Association I, 9.0%, 12/15/19
 
2,478
 
 
324
 
AAA/Aaa
Government National Mortgage Association I, 9.0%, 4/15/20
 
325
 
 
2,797
 
AAA/Aaa
Government National Mortgage Association I, 9.0%, 6/15/22
 
2,966
 
 
542
 
AAA/Aaa
Government National Mortgage Association I, 9.0%, 9/15/21
 
623
 
 
77,419
 
AAA/Aaa
Government National Mortgage Association II, 5.0%, 1/20/20
 
84,159
 
 
221,773
 
AAA/Aaa
Government National Mortgage Association II, 5.0%, 12/20/18
 
241,079
 
 
147,033
 
AAA/Aaa
Government National Mortgage Association II, 5.0%, 2/20/19
 
159,832
 
 
363,915
 
AAA/Aaa
Government National Mortgage Association II, 5.5%, 10/20/37
 
400,322
 
 
72,951
 
AAA/Aaa
Government National Mortgage Association II, 5.75%, 4/20/33
 
80,705
 
 
72,606
 
AAA/Aaa
Government National Mortgage Association II, 5.75%, 4/20/33
 
80,210
 
 
166,088
 
AAA/Aaa
Government National Mortgage Association II, 5.75%, 6/20/33
 
183,742
 
 
32,458
 
AAA/Aaa
Government National Mortgage Association II, 5.9%, 1/20/28
 
35,928
 
 
74,539
 
AAA/Aaa
Government National Mortgage Association II, 5.9%, 11/20/27
 
81,437
 
 
54,111
 
AAA/Aaa
Government National Mortgage Association II, 5.9%, 5/20/28
 
59,507
 
 
142,625
 
AAA/Aaa
Government National Mortgage Association II, 5.9%, 7/20/28
 
154,710
 
 
186,254
 
AAA/Aaa
Government National Mortgage Association II, 6.0%, 1/20/33
 
212,864
 
 
48,171
 
AAA/Aaa
Government National Mortgage Association II, 6.0%, 10/20/31
 
55,114
 
 
225,012
 
AAA/Aaa
Government National Mortgage Association II, 6.0%, 10/20/33
 
266,468
 
 
125,450
 
AAA/Aaa
Government National Mortgage Association II, 6.0%, 12/20/18
 
133,968
 
 
134,432
 
AAA/Aaa
Government National Mortgage Association II, 6.0%, 6/20/34
 
156,831
 
 
32,797
 
AAA/Aaa
Government National Mortgage Association II, 6.0%, 7/20/17
 
34,619
 
 
55,148
 
AAA/Aaa
Government National Mortgage Association II, 6.0%, 7/20/19
 
59,426
 
 
96,766
 
AAA/Aaa
Government National Mortgage Association II, 6.45%, 1/20/33
 
110,591
 
 
54,049
 
AAA/Aaa
Government National Mortgage Association II, 6.45%, 11/20/32
 
61,805
 
 
54,538
 
AAA/Aaa
Government National Mortgage Association II, 6.45%, 7/20/32
 
62,329
 
 
53,992
 
AAA/Aaa
Government National Mortgage Association II, 6.5%, 1/20/24
 
62,024
 
 
79,717
 
AAA/Aaa
Government National Mortgage Association II, 6.5%, 10/20/32
 
97,531
 
 
95,780
 
AAA/Aaa
Government National Mortgage Association II, 6.5%, 3/20/34
 
117,608
 
 
27,913
 
AAA/Aaa
Government National Mortgage Association II, 6.5%, 4/20/31
 
33,901
 
 
20,342
 
AAA/Aaa
Government National Mortgage Association II, 6.5%, 6/20/31
 
24,061
 
 
93,272
 
AAA/Aaa
Government National Mortgage Association II, 6.5%, 8/20/28
 
112,188
 
 
22,439
 
AAA/Aaa
Government National Mortgage Association II, 7.0%, 1/20/31
 
27,114
 
 
18,071
 
AAA/Aaa
Government National Mortgage Association II, 7.0%, 11/20/31
 
21,539
 
 
13,309
 
AAA/Aaa
Government National Mortgage Association II, 7.0%, 2/20/29
 
15,980
 
 
10,040
 
AAA/Aaa
Government National Mortgage Association II, 7.0%, 3/20/31
 
12,132
 
 
19,081
 
AAA/Aaa
Government National Mortgage Association II, 7.0%, 5/20/26
 
22,624
 
 
40,463
 
AAA/Aaa
Government National Mortgage Association II, 7.0%, 6/20/28
 
47,645
 
 
43,336
 
AAA/Aaa
Government National Mortgage Association II, 7.0%, 7/20/31
 
52,365
 
 
39,298
 
AAA/Aaa
Government National Mortgage Association II, 7.0%, 8/20/27
 
46,814
 
 
11,962
 
AAA/Aaa
Government National Mortgage Association II, 7.5%, 12/20/30
 
14,881
 
 
19,793
 
AAA/Aaa
Government National Mortgage Association II, 7.5%, 5/20/30
 
24,236
 
 
6,777
 
AAA/Aaa
Government National Mortgage Association II, 7.5%, 6/20/30
 
8,427
 
 
18,189
 
AAA/Aaa
Government National Mortgage Association II, 7.5%, 7/20/30
 
22,223
 
 
21,367
 
AAA/Aaa
Government National Mortgage Association II, 7.5%, 8/20/30
 
26,561
 
 
17,022
 
AAA/Aaa
Government National Mortgage Association II, 8.0%, 3/20/30
 
21,678
 
 
40,450
 
AAA/Aaa
Government National Mortgage Association II, 8.0%, 4/20/30
 
51,524
 
 
72
 
AAA/Aaa
Government National Mortgage Association II, 8.0%, 5/20/25
 
83
 
 
22,155
 
AAA/Aaa
Government National Mortgage Association II, 8.0%, 5/20/30
 
28,218
 
 
24,619
 
AAA/Aaa
Government National Mortgage Association II, 8.0%, 6/20/30
 
30,474
 
 
10,161
 
AAA/Aaa
Government National Mortgage Association II, 9.0%, 11/20/24
 
11,200
 
 
6,287
 
AAA/Aaa
Government National Mortgage Association II, 9.0%, 3/20/22
 
6,548
 
 
1,104
 
AAA/Aaa
Government National Mortgage Association II, 9.0%, 4/20/22
 
1,125
 
 
3,319
 
AAA/Aaa
Government National Mortgage Association II, 9.0%, 9/20/21
 
3,818
 
 
1,156,145
 
AA-/Aaa
New Valley Generation I, 7.299%, 3/15/19
 
1,390,730
 
 
1,368,745
 
AA-/Aaa
New Valley Generation III, 4.929%, 1/15/21
 
1,582,543
 
 
2,600,000
 
AA+/Aaa
Tennessee Valley Authority, 5.5%, 6/15/38
 
3,431,701
 
 
1,500,000
 
AA+/NR
Tennessee Valley Authority, 6.25%, 12/15/17
 
1,864,542
 
 
1,500,000
 
AA+/Aaa
U.S. Treasury Bonds, 3.0%, 5/15/42
 
1,535,859
 
 
3,125,000
 
AA+/Aaa
U.S. Treasury Bonds, 4.25%, 5/15/39
 
3,993,162
 
 
1,500,000
 
AA+/Aaa
U.S. Treasury Bonds, 4.5%, 2/15/36
 
1,974,375
 
 
1,900,000
 
AA+/Aaa
U.S. Treasury Bonds, 4.5%, 5/15/38
 
2,513,343
 
 
4,000,000
 
AA+/Aaa
U.S. Treasury Notes, 0.625%, 5/31/17
 
4,019,688
 
 
5,300,000
 
AA+/Aaa
U.S. Treasury Notes, 0.875%, 12/31/16
 
5,385,712
 
 
5,200,000
 
AA+/Aaa
U.S. Treasury Notes, 1.875%, 8/31/17
 
5,498,594
 
 
3,500,000
 
AA+/Aaa
U.S. Treasury Notes, 2.625%, 11/15/20
 
3,858,750
 
 
750,000
 
AA+/Aaa
U.S. Treasury Notes, 3.125%, 5/15/21
 
853,946
 
 
1,500,000
 
AA+/Aaa
U.S. Treasury Notes, 4.0%, 8/15/18
 
1,757,696
 
       
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS
     
       
(Cost $83,419,004)
$
88,587,217
 
               
       
FOREIGN GOVERNMENT BONDS - 4.9%
     
 
4,000,000
 
AA+/Aaa
Israel Government AID Bond, 5.5%, 4/26/24
$
5,288,284
 
 
2,000,000
 
AA+/Aaa
Israel Government AID Bond, 5.5%, 9/18/23
 
2,627,648
 
       
TOTAL FOREIGN GOVERNMENT BONDS
     
       
(Cost $7,139,740)
$
7,915,932
 
               
       
MUNICIPAL BONDS - 3.0%
     
       
Higher Municipal Education - 1.8%
     
 
100,000
 
AAA/Aaa
Connecticut State Health & Educational Facility Authority, 5.0%, 7/1/40
$
114,769
 
 
400,000
 
AAA/Aaa
Houston Higher Education Finance Corp., 4.5%, 11/15/37
 
432,176
 
 
1,000,000
 
AAA/Aaa
Massachusetts Health & Educational Facilities Authority, 5.5%, 11/15/36
1,193,300
 
 
270,000
 
AA/Aa1
New York State Dormitory Authority Series A, 5.0%, 7/1/40
 
310,792
 
 
350,000
 
AA+/Aa1
New York State Dormitory Authority Series C, 5.0%, 7/1/40
 
393,970
 
 
200,000
 
AAA/Aaa
New York State Dormitory Authority, 5.0%, 10/1/41
 
233,372
 
 
210,000
 
AA/Aa2
Pennsylvania State University, 5.0%, 3/1/40
 
243,209
 
         
$
2,921,588
 
       
Municipal Utilities - 0.4%
     
 
600,000
 
AAA/Aaa
Washington Suburban Sanitary Commission, 4.0%, 6/1/30
$
676,362
 
               
       
Municipal Water - 0.1%
     
 
180,000
 
AAA/Aaa
City of Charlotte North Carolina Water & Sewer System Revenue, 5.0%, 7/1/38
$
206,815
 
               
       
Municipal Obligation - 0.7%
     
 
700,000
 
AAA/Aaa
County of Wake North Carolina, 4.0%, 5/1/30
$
788,459
 
 
250,000
 
AA+/Aa1
State of Washington, 5.0%, 8/1/39
 
286,892
 
         
$
1,075,351
 
       
TOTAL MUNICIPAL BONDS
     
       
(Cost $4,504,990)
$
4,880,116
 
               
       
TEMPORARY CASH INVESTMENTS - 6.2%
     
       
Repurchase Agreements - 6.2%
     
 
10,025,000
 
NR/Aaa
Deutschebank AG, 0.14%, dated 4/30/13, repurchase price of
     
       
$10,024,996 plus accrued interest on 5/1/13 collateralized by
     
       
the following:
     
       
$6,109,330 U.S. Treasury Strip, 0.0-4.75%, 5/15/13-2/15/43
     
       
$2,828,799 U.S. Treasury Notes, 0.25-5.125%, 5/15/13-5/15/22
     
       
$562,050 U.S. Treasury Bills, 0.0%, 5/23/13-2/6/14
     
       
$725,386 U.S. Treasury Bonds, 4.25-10.625%, 5/15/16-5/15/40
$
10,024,996
 
               
               
       
TOTAL TEMPORARY CASH INVESTMENTS
     
       
(Cost $10,025,000)
$
10,024,996
 
               
       
TOTAL INVESTMENT IN SECURITIES - 103.6%
     
       
(Cost $162,089,456) (a)
$
168,876,990
 
       
OTHER ASSETS & LIABILITIES - (3.6)%
$
(5,891,914)
 
       
TOTAL NET ASSETS - 100.0%
$
162,985,076
 
               
               
               
 
NR
   
Not rated by either S&P or Moody's.
     
               
 
(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 $3,711,801 or 2.3% of total net assets.
               
 
(a)
   
At April, 30, 2013, the net unrealized gain on investments based on
     
       
cost for federal income tax purposes of $162,258,787 was as follows:
     
               
       
Aggregate gross unrealized gain for all investments in which
     
       
there is an excess of value over tax cost
$
9,454,229
 
               
       
Aggregate gross unrealized loss for all investments in which
     
       
there is an excess of tax cost over value
 
(2,836,026)
 
               
       
Net unrealized gain
$
6,618,203
 
               
 
(b)
   
Debt obligation with a variable interest rate.  Rate shown is rate at end of period.
 
               
               
Various inputs are used in determining the value of the Fund's investments.  These inputs are summarized in the three broad levels listed below.
               
Level 1 – quoted prices in active markets for identical securities
     
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) See Notes to Financial Statements - Note 1A.
Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments) See Notes to Financial Statements - Note 1A.
               
Generally, equity securities are categorized as Level 1, fixed income securities and senior loans as Level 2 and securities valued
using fair value methods (other than prices supplied by independent pricing services) as Level 3.  See Notes to Financial Statements - Note 1A.
               
The following is a summary of the inputs used as of April, 30, 2013, in valuing the Fund's investments:
   



   
Level 1
   
Level 2
   
Level 3
   
Total
 
Asset Backed Securities
  $ -     $ 9,078,423     $ -     $ 9,078,423  
Collateralized Mortgage Obligations
    -       31,033,114       -       31,033,114  
Corporate Bonds
    -       17,357,192       -       17,357,192  
U.S. Government Agency Obligations
    -       88,587,217       -       88,587,217  
Foreign Government Bonds
    -       7,915,932       -       7,915,932  
Municipal Bonds
    -       4,880,116       -       4,880,116  
Repurchase Agreements
    -       10,024,996       -       10,024,996  
Total
  $ -     $ 168,876,990     $ -     $ 168,876,990  
Other Financial Instruments:
                               
Futures contracts
  $ (142,125 )           $ -     $ (142,125 )
Total
  $ (142,125 )           $ -     $ (142,125 )
                                 
During the six months ended April, 30, 2013, there were no transfers between Levels 1, 2 and 3.
         







ITEM 2. CONTROLS AND PROCEDURES. (a) Disclose the conclusions of the registrant's principal executive and principal financial officers, or persons performing similar functions, regarding the effectiveness of the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR 270.30a-3(b))) and Rule 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR 240.13a-15(b) or 240.15d-15(b)). The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report. (b) Disclose any change in the registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. There were no significant changes in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. (a) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)). Filed herewith. <PAGE> SIGNATURES [See General Instruction F] Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) Pioneer Series Trust IV By (Signature and Title)* /s/ John F. Cogan, Jr. John F. Cogan, Jr, President Date June 27, 2013 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By (Signature and Title)* /s/ John F. Cogan, Jr. John F. Cogan, Jr., President Date June 27, 2013 By (Signature and Title)* /s/ Mark Bradley Mark Bradley, Treasurer Date June 27, 2013 * Print the name and title of each signing officer under his or her signature.
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