Allied World Assurance 8-K Allied World Reports 79.3% Combined Ratio for the Fourth Quarter 2014

Exhibit 99.3

Allied World Assurance Company Holdings, AG

Securities Listing as at December 31, 2014

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
U.S. Government Securities
912796EN5	UNITED STATES TREASURY	0.00	7/23/2015	14,400,000	$	14,392,081
912796FQ7	UNITED STATES TREASURY	0.00	6/11/2015	4,926,000	4,924,127
912810EZ7	UNITED STATES TREASURY	6.63	2/15/2027	625,000	912,425
912828A34	UNITED STATES TREASURY	1.25	11/30/2018	500,000	496,330
912828A42	UNITED STATES TREASURY	2.00	11/30/2020	900,000	907,659
912828A59	UNITED STATES TREASURY	0.63	12/15/2016	500,000	499,690
912828A75	UNITED STATES TREASURY	1.50	12/31/2018	500,000	500,780
912828B33	UNITED STATES TREASURY	1.50	1/31/2019	10,700,000	10,704,173
912828B41	UNITED STATES TREASURY	0.38	1/31/2016	1,000,000	1,000,780
912828B66	UNITED STATES TREASURY	2.75	2/15/2024	700,000	736,176
912828B74	UNITED STATES TREASURY	0.63	2/15/2017	400,000	398,920
912828B82	UNITED STATES TREASURY	0.25	2/29/2016	1,100,000	1,098,460
912828C24	UNITED STATES TREASURY	1.50	2/28/2019	250,000	250,138
912828C32	UNITED STATES TREASURY	0.75	3/15/2017	250,000	249,912
912828C65	UNITED STATES TREASURY	1.63	3/31/2019	500,000	502,130
912828C73	UNITED STATES TREASURY	0.88	4/15/2017	18,950,000	18,975,204
912828D23	UNITED STATES TREASURY	1.63	4/30/2019	500,000	501,660
912828D49	UNITED STATES TREASURY	0.88	8/15/2017	11,000,000	10,969,530
912828D64	UNITED STATES TREASURY	0.50	8/31/2016	27,700,000	27,679,503
912828D80	UNITED STATES TREASURY	1.63	8/31/2019	500,000	500,390
912828EW6	UNITED STATES TREASURY	4.50	2/15/2016	300,000	313,812
912828F39	UNITED STATES TREASURY	1.75	9/30/2019	28,900,000	29,055,771
912828F47	UNITED STATES TREASURY	0.50	9/30/2016	11,700,000	11,683,503
912828F54	UNITED STATES TREASURY	0.88	10/15/2017	36,900,000	36,747,234
912828F62	UNITED STATES TREASURY	1.50	10/31/2019	1,000,000	993,520
912828F88	UNITED STATES TREASURY	0.38	10/31/2016	350,000	348,467
912828FY1	UNITED STATES TREASURY	4.63	11/15/2016	825,000	886,331
912828G20	UNITED STATES TREASURY	0.88	11/15/2017	18,710,000	18,614,205
912828G46	UNITED STATES TREASURY	0.50	11/30/2016	124,900,000	124,587,750
912828G61	UNITED STATES TREASURY	1.50	11/30/2019	800,000	794,816
912828G79	UNITED STATES TREASURY	1.00	12/15/2017	200,000	199,540
912828G95	UNITED STATES TREASURY	1.63	12/31/2019	49,000,000	48,927,479
912828GX2	UNITED STATES TREASURY	2.63	7/15/2017	7,000,000	8,596,833
912828H29	UNITED STATES TREASURY	0.63	12/31/2016	35,200,000	35,163,039
912828LJ7	UNITED STATES TREASURY	3.63	8/15/2019	35,635,000	38,865,667
912828LP3	UNITED STATES TREASURY	3.00	9/30/2016	500,000	520,840

Page 1

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
912828MR8	UNITED STATES TREASURY	2.38	2/28/2015	80,000	80,286
912828NA4	UNITED STATES TREASURY	3.13	4/30/2017	250,000	263,300
912828NV8	UNITED STATES TREASURY	1.25	8/31/2015	200,000	201,406
912828NW6	UNITED STATES TREASURY	1.88	8/31/2017	500,000	511,385
912828PS3	UNITED STATES TREASURY	2.00	1/31/2016	3,000,000	3,053,640
912828PT1	UNITED STATES TREASURY	2.63	1/31/2018	500,000	522,030
912828QF0	UNITED STATES TREASURY	2.00	4/30/2016	250,000	255,173
912828QJ2	UNITED STATES TREASURY	2.13	2/29/2016	12,875,000	13,137,135
912828QP8	UNITED STATES TREASURY	1.75	5/31/2016	250,000	254,483
912828QQ6	UNITED STATES TREASURY	2.38	5/31/2018	4,480,000	4,643,117
912828QR4	UNITED STATES TREASURY	1.50	6/30/2016	350,000	355,208
912828QT0	UNITED STATES TREASURY	2.38	6/30/2018	250,000	259,082
912828QX1	UNITED STATES TREASURY	1.50	7/31/2016	175,000	177,639
912828RE2	UNITED STATES TREASURY	1.50	8/31/2018	250,000	251,183
912828RH5	UNITED STATES TREASURY	1.38	9/30/2018	1,900,000	1,898,138
912828RJ1	UNITED STATES TREASURY	1.00	9/30/2016	100,000	100,719
912828RM4	UNITED STATES TREASURY	1.00	10/31/2016	1,100,000	1,107,821
912828RX0	UNITED STATES TREASURY	0.88	12/31/2016	164,806,500	165,398,157
912828RY8	UNITED STATES TREASURY	1.38	12/31/2018	125,000	124,483
912828SC5	UNITED STATES TREASURY	0.88	1/31/2017	400,000	401,204
912828SH4	UNITED STATES TREASURY	1.38	2/28/2019	500,000	497,185
912828SJ0	UNITED STATES TREASURY	0.88	2/28/2017	770,000	771,925
912828SM3	UNITED STATES TREASURY	1.00	3/31/2017	250,000	251,085
912828SS0	UNITED STATES TREASURY	0.88	4/30/2017	250,000	250,273
912828SY7	UNITED STATES TREASURY	0.63	5/31/2017	1,000,000	994,220
912828TB6	UNITED STATES TREASURY	0.75	6/30/2017	750,000	747,068
912828TG5	UNITED STATES TREASURY	0.50	7/31/2017	250,000	247,110
912828TM2	UNITED STATES TREASURY	0.63	8/31/2017	4,050,000	4,010,310
912828TS9	UNITED STATES TREASURY	0.63	9/30/2017	200,000	197,790
912828TW0	UNITED STATES TREASURY	0.75	10/31/2017	25,985,000	25,767,766
912828TX8	UNITED STATES TREASURY	0.38	11/15/2015	29,160,000	29,187,407
912828UA6	UNITED STATES TREASURY	0.63	11/30/2017	250,000	246,690
912828UE8	UNITED STATES TREASURY	0.75	12/31/2017	188,750,000	186,700,177
912828UG3	UNITED STATES TREASURY	0.38	1/15/2016	2,585,000	2,587,223
912828UH1	UNITED STATES TREASURY	0.13	1/15/2023	12,000,000	11,950,225
912828UJ7	UNITED STATES TREASURY	0.88	1/31/2018	12,315,000	12,213,031
912828UM0	UNITED STATES TREASURY	0.38	2/15/2016	12,500,000	12,502,999
912828UP3	UNITED STATES TREASURY	0.25	2/28/2015	22,000,000	22,006,820
912828UR9	UNITED STATES TREASURY	0.75	2/28/2018	300,000	295,815
912828US7	UNITED STATES TREASURY	0.38	3/15/2016	600,000	599,994
912828UT5	UNITED STATES TREASURY	0.25	3/31/2015	13,000,000	13,004,940
912828UU2	UNITED STATES TREASURY	0.75	3/31/2018	250,000	246,153
912828UW8	UNITED STATES TREASURY	0.25	4/15/2016	12,096,000	12,075,074
912828UZ1	UNITED STATES TREASURY	0.63	4/30/2018	250,000	244,903
912828VC1	UNITED STATES TREASURY	0.25	5/15/2016	22,500,000	22,442,850

Page 2

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
912828VE7	UNITED STATES TREASURY	1.00	5/31/2018	250,000	247,530
912828VG2	UNITED STATES TREASURY	0.50	6/15/2016	550,000	550,324
912828VH0	UNITED STATES TREASURY	0.38	6/30/2015	12,209,000	12,225,725
912828VK3	UNITED STATES TREASURY	1.38	6/30/2018	250,000	250,508
912828VR8	UNITED STATES TREASURY	0.63	8/15/2016	500,000	500,625
912828VW7	UNITED STATES TREASURY	0.88	9/15/2016	500,000	502,480
912828WA4	UNITED STATES TREASURY	0.63	10/15/2016	500,000	500,135
912828WB2	UNITED STATES TREASURY	0.25	10/31/2015	11,500,000	11,501,150
912828WD8	UNITED STATES TREASURY	1.25	10/31/2018	37,100,000	36,860,706
912828WL0	UNITED STATES TREASURY	1.50	5/31/2019	250,000	249,415
912828WM8	UNITED STATES TREASURY	0.38	5/31/2016	1,300,000	1,298,986
912828WP1	UNITED STATES TREASURY	0.88	6/15/2017	330,000,000	329,742,590
912828WQ9	UNITED STATES TREASURY	0.50	6/30/2016	43,219,000	43,227,639
912828WS5	UNITED STATES TREASURY	1.63	6/30/2019	29,100,000	29,176,242
912828WT3	UNITED STATES TREASURY	0.88	7/15/2017	300,000	299,556
912828WU0	UNITED STATES TREASURY	0.13	7/15/2024	5,000,000	4,823,978
912828WW6	UNITED STATES TREASURY	1.63	7/31/2019	500,000	500,700
912828WX4	UNITED STATES TREASURY	0.50	7/31/2016	21,350,000	21,354,913
				1,496,601,500	$	1,499,346,694
U.S. Government Agencies
3130A0SD3	FHLB	0.38	2/19/2016	300,000	$	299,766
3130A3J70	FHLB	0.63	11/23/2016	2,400,000	2,398,416
313375RN9	FHLB	1.00	3/11/2016	350,000	352,226
313379DD8	FHLB	1.00	6/21/2017	250,000	250,445
3133802C0	FHLB	1.05	7/26/2017	50,000	49,890
3133812C8	FHLB	1.50	5/8/2020	4,990,000	4,833,977
3133EDXA5	FEDERAL FARM CREDIT BANKS	1.15	10/10/2017	150,000	149,939
3134G3ZH6	FHLMC	1.00	7/25/2017	75,000	74,891
3135G0PQ0	FNMA	0.88	10/26/2017	400,000	397,440
3135G0RK1	FNMA	0.90	11/7/2017	100,000	98,732
3135G0SY0	FNMA	1.60	12/24/2020	1,505,000	1,445,703
3135G0VX8	FNMA	0.63	9/26/2016	250,000	249,825
3135G0XG3	FNMA	1.00	5/21/2018	250,000	244,425
3135G0YE7	FNMA	0.63	8/26/2016	250,000	250,110
3135G0YM9	FNMA	1.88	9/18/2018	41,400,000	42,091,790
3135G0ZE6	FNMA	1.75	6/20/2019	200,000	201,046
3135G0ZG1	FNMA	1.75	9/12/2019	2,540,000	2,546,375
3135G0ZL0	FNMA	1.00	9/27/2017	100,000	99,810
3137EADF3	FHLMC	1.25	5/12/2017	6,000,000	6,050,880
3137EADL0	FHLMC	1.00	9/29/2017	200,000	199,576
3137EADN6	FHLMC	0.75	1/12/2018	600,000	592,098
3137EADP1	FHLMC	0.88	3/7/2018	20,300,000	20,066,347
31398A4M1	FNMA	1.63	10/26/2015	21,500,000	21,741,015
742651DS8	PRIVATE EXPORT FUNDING CORPORA	1.88	7/15/2018	100,000	100,410

Page 3

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
742651DT6	PRIVATE EXPORT FUNDING CORPORA	3.55	1/15/2024	6,000,000	6,369,540
				110,260,000	$	111,154,671
Non U.S. Government Securities & Agencies
038461AC3	AID-EGYPT	4.45	9/15/2015	25,000,000	$	25,632,752
12591DAA9	CNOOC NEXEN FINANCE 2014 ULC	1.63	4/30/2017	3,500,000	3,477,495
135087A46	CANADA GOVERNMENT	1.50	9/1/2017	1,000,000	873,095
135087A87	CANADA GOVERNMENT	1.25	3/1/2018	950,000	823,795
135087B37	CANADA GOVERNMENT	1.25	9/1/2018	7,500,000	6,489,557
135087B60	CANADA GOVERNMENT	1.50	2/1/2017	6,300,000	5,493,665
135087B86	CANADA GOVERNMENT	1.75	3/1/2019	600,000	528,187
135087C69	CANADA GOVERNMENT	1.00	5/1/2016	3,700,000	3,195,260
135087C77	CANADA GOVERNMENT	1.63	2/27/2019	6,800,000	6,824,684
135087C85	CANADA GOVERNMENT	1.75	9/1/2019	2,400,000	2,109,965
135087D27	CANADA GOVERNMENT	1.25	8/1/2017	4,915,000	4,263,014
135087ZQ0	CANADA GOVERNMENT	2.75	9/1/2016	1,400,000	1,243,664
135087ZV9	CANADA GOVERNMENT	1.50	3/1/2017	5,200,000	4,541,220
268317AB0	ELECTRICITE DE FRANCE SA	6.50	1/26/2019	1,025,000	1,197,566
302154BJ7	EXPORT-IMPORT BANK OF KOREA	1.09	9/17/2016	1,400,000	1,407,187
500769BM5	KREDITANSTALT FUER WIEDERAUFBA	4.38	2/9/2016	900,000	803,166
642866FT9	NEW BRUNSWICK PROVINCE OF	4.50	2/4/2015	900,000	779,027
683234WM6	ONTARIO PROVINCE OF	4.50	3/8/2015	900,000	781,694
82937WAA3	SINOPEC GROUP OVERSEAS DEVELOP	1.75	4/10/2017	2,740,000	2,726,862
85771PAW2	STATOILHYDRO ASA	2.25	11/8/2019	5,820,000	5,797,096
AU37B0000176	AUSTRALIA COMMONWEALTH OF	3.25	10/21/2018	750,000	637,847
D206588D1	GERMANY (FEDERAL REPUBLIC OF)	0.50	10/13/2017	8,040,000	9,886,798
D20658P26	GERMANY (FEDERAL REPUBLIC OF)	4.00	7/4/2016	8,780,000	11,278,693
D206593A0	GERMANY (FEDERAL REPUBLIC OF)	0.50	4/12/2019	5,370,000	6,646,122
G9244PAB0	UNITED KINGDOM GILT	3.75	9/7/2019	2,960,000	5,163,687
G924507Q5	UNITED KINGDOM GILT	2.75	1/22/2015	330,000	515,221
G92451GE0	UNITED KINGDOM GILT	1.75	1/22/2017	8,690,000	13,895,405
G9T44MEB4	UNITED KINGDOM GILT	1.00	9/7/2017	570,000	896,416
G9T44MHH8	UNITED KINGDOM GILT	1.75	7/22/2019	2,980,000	4,767,376
H7351MFG3	SWITZERLAND (CONFEDERATION OF)	4.25	6/5/2017	1,850,000	2,070,533
P14486AG2	BNDES-BRAZIL S DEVELOPMENT BAN	4.13	9/15/2017	2,500,000	3,123,624
Q08198AF2	AUSTRALIA COMMONWEALTH OF	2.75	10/21/2019	475,000	397,221
Q0819ACS7	AUSTRALIA COMMONWEALTH OF	6.00	2/15/2017	23,025,000	20,329,371
Q0819AEU0	AUSTRALIA COMMONWEALTH OF	4.75	6/15/2016	1,550,000	1,313,003
Q0819AFF2	AUSTRALIA COMMONWEALTH OF	5.50	1/21/2018	1,400,000	1,258,861
Q0819AFU9	AUSTRALIA COMMONWEALTH OF	4.25	7/21/2017	1,275,000	1,097,955
Q2694KDZ4	AUSTRALIA COMMONWEALTH OF	5.25	3/15/2019	1,425,000	1,308,699
Y2836BAG9	HONG KONG SPECIAL ADMIN REGION	1.02	4/10/2017	190,000,000	24,623,300
				344,920,000	$	188,199,081
State and Municipal
100853SH4	BOSTON MASS	5.00	3/1/2023	5,000,000	$	6,170,950
116475K45	BROWNSVILLE TEX UTIL SYS REV	5.00	9/1/2022	2,250,000	2,667,150

Page 4

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
13062PHG0	CALIFORNIA STATE OF	5.25	2/1/2023	3,000,000	3,701,010
13063BFV9	CALIFORNIA ST	7.95	3/1/2020	1,000,000	1,236,230
15504RFG9	CENTRAL PUGET SOUND REGIONAL T	5.00	11/1/2022	2,500,000	3,011,050
158843WM0	CHANDLER ARIZ	4.00	7/1/2022	2,000,000	2,287,840
29270CWX9	ENERGY NORTHWEST	5.00	7/1/2021	2,500,000	2,960,100
29270CXR1	ENERGY NORTHWEST	5.00	7/1/2021	2,000,000	2,401,180
33840MCT1	FLAGLER CNTY FLA SCH BRD	5.00	8/1/2023	860,000	1,013,450
419791S58	HAWAII ST- REF-EF	5.00	11/1/2022	5,000,000	6,066,200
45201YZG5	ILLINOIS HSG DEV AUTH	2.75	8/1/2020	1,115,000	1,127,298
4521518V8	ILLINOIS ST	4.42	1/1/2015	10,998,000	10,998,000
452152UZ2	ILLINOIS STATE OF	4.00	2/1/2023	1,750,000	1,836,660
45528ULS8	INDIANAPOLIS IND LOC PUB IMPT	5.00	1/1/2022	1,500,000	1,742,580
5168234T5	LAREDO TEX	5.00	2/15/2021	1,365,000	1,610,741
57582NH99	MASSACHUSETTS ST	5.50	12/1/2023	3,610,000	4,644,482
576000MH3	MASSACHUSETTS ST SCH BLDG AUTH	5.00	8/15/2022	5,000,000	6,077,350
576000MS9	MASSACHUSETTS ST SCH BLDG AUTH	5.00	8/15/2021	2,000,000	2,405,020
5816462R6	MCKINNEY TEX	5.00	8/15/2024	2,000,000	2,474,200
59333PH50	MIAMI DADE CNTY FLA	5.00	10/1/2022	1,500,000	1,754,595
59447PKS9	MICHIGAN STATE FINANCE AUTHORI	5.00	10/1/2021	2,000,000	2,404,660
6461394W2	NJ ST TPK AUTH TPK REV	5.00	7/1/2024	2,000,000	2,375,820
64966B3L5	NEW YORK N Y	0.93	1/15/2016	5,250,000	5,255,618
64966KYW7	NEW YORK NY	5.00	8/1/2023	3,885,000	4,707,610
64971M5E8	NEW YORK NY CITY TRANSITIONAL	4.08	11/1/2020	2,500,000	2,686,850
64971Q8R7	NEW YORK NY CITY TRANSITIONAL	5.00	11/1/2021	3,000,000	3,613,470
6499026P3	NEW YORK ST DORM AUTH	4.00	8/15/2021	4,490,000	5,070,108
64990ABC8	NEW YORK ST DORM AUTH	5.00	3/15/2023	5,120,000	6,309,120
64990EDE4	NEW YORK ST DORM AUTH	5.00	12/15/2022	3,000,000	3,644,970
678908ZU1	OKLAHOMA DEV FIN AUTH	2.38	12/1/2021	1,000,000	1,006,560
679110EF9	OKLAHOMA ST STUDENT LN AUTH	0.67	11/25/2023	662,799	660,586
686507GA6	ORLANDO FLA UTILS COMMN WTR &E	5.00	10/1/2024	4,500,000	5,587,830
74514LA80	PUERTO RICO COMWLTH	4.50	7/1/2025	1,100,000	811,811
74514LBM8	PUERTO RICO COMWLTH	5.13	7/1/2031	1,090,000	782,097
74514LE86	PUERTO RICO COMWLTH	8.00	7/1/2035	15,720,000	13,676,400
74514LQA8	PUERTO RICO COMWLTH	5.25	7/1/2027	3,860,000	2,847,020
74514LWA1	PUERTO RICO COMWLTH	6.00	7/1/2039	2,325,000	1,706,597
74514LWS2	PUERTO RICO COMWLTH	6.50	7/1/2040	2,325,000	1,746,680
74514LWZ6	PUERTO RICO COMWLTH	6.00	7/1/2035	655,000	484,418
74514LYW1	PUERTO RICO COMWLTH	5.75	7/1/2041	1,760,000	1,275,982
745185BF4	PUERTO RICO COMWLTH HWY & TRAN	5.55	7/1/2018	155,000	119,310
745185BG2	PUERTO RICO COMWLTH HWY & TRAN	5.65	7/1/2020	325,000	247,679
745185BP2	PUERTO RICO COMWLTH HWY & TRAN	5.85	3/1/2027	4,970,000	3,634,561
745185BQ0	PUERTO RICO COMWLTH HWY & TRAN	5.85	7/1/2025	585,000	434,240
74526QXT4	PUERTO RICO ELEC PWR AUTH	6.13	7/1/2040	6,565,000	3,305,215
74526QZB1	PUERTO RICO ELEC PWR AUTH	5.40	7/1/2028	210,000	106,443
74526QZL9	PUERTO RICO ELEC PWR AUTH	5.00	7/1/2020	2,000,000	1,015,980

Page 5

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
74526QZR6	PUERTO RICO ELEC PWR AUTH PWR	5.95	6/30/2030	715,000	361,976
759136RD8	REGIONAL TRANSN DIST COLO	5.00	11/1/2022	3,165,000	3,827,181
785870UM6	SACRAMENTO CALIF CITY UNI SCH	5.00	7/1/2023	1,750,000	2,127,265
794665FJ3	NY ST STAR	4.00	10/15/2022	2,000,000	2,315,180
815626MK9	SEDGWICK CNTY KANS UNI SCH DIS	5.00	10/1/2021	1,500,000	1,788,000
898735SQ9	TUCSON ARIZ CTFS PARTN	4.00	7/1/2024	2,750,000	3,053,903
914119VD1	UNIVERSITY CINCINNATI OHIO	5.00	6/1/2022	1,535,000	1,849,782
91412GSB2	UNIVERSITY CALIFORNIA	1.80	7/1/2019	7,500,000	7,435,800
93974C8C7	WASHINGTON STATE	5.00	7/1/2023	5,000,000	6,103,850
				163,915,799	$	170,566,656
Agency MBS
01F030413	FNMA	3.00	11/15/2020	200,000	$	207,813
21H032613	GNMA	3.50	12/22/2031	250,000	262,480
31283HVE2	FHLMC	6.00	10/1/2025	6,106	7,000
31283HWZ4	FHLMC	6.00	12/9/2025	4,223	4,842
31283K4C9	FHLMC	5.00	11/19/2017	2,301,335	2,433,933
31288HRU6	FHLMC	6.00	11/17/2025	7,057	8,171
3128GNW87	FHLMC	5.00	12/22/2015	404	408
3128GNY77	FHLMC	5.00	12/21/2015	2,337	2,454
3128GP3U5	FHLMC	5.00	1/22/2016	334	345
3128GP3V3	FHLMC	5.00	1/22/2016	1,834	1,926
3128GP4U4	FHLMC	5.00	1/24/2016	1,589	1,616
3128GPSA2	FHLMC	5.00	1/6/2016	665	670
3128GQ3Q2	FHLMC	5.00	2/8/2016	752	778
3128GQ6E6	FHLMC	5.00	2/8/2016	597	628
3128GQGA3	FHLMC	5.00	1/22/2016	1,032	1,086
3128GQJT9	FHLMC	5.00	1/23/2016	1,199	1,217
3128GQK26	FHLMC	5.00	1/22/2016	1,234	1,298
3128GQK34	FHLMC	5.00	1/22/2016	72	73
3128GQKB6	FHLMC	5.00	1/22/2016	473	478
3128GQP54	FHLMC	5.00	1/22/2016	2,115	2,161
3128GQQQ7	FHLMC	5.00	2/8/2016	1,530	1,596
3128GQQZ7	FHLMC	5.00	2/8/2016	1,805	1,899
3128GQSG7	FHLMC	5.00	2/8/2016	501	504
3128GQU58	FHLMC	5.00	2/8/2016	798	839
3128GQU90	FHLMC	5.00	2/8/2016	135	136
3128GQVB4	FHLMC	5.00	2/8/2016	580	600
3128GQW49	FHLMC	5.00	2/8/2016	2,163	2,276
3128GR3Y3	FHLMC	5.00	2/8/2016	2,625	2,761
3128GR6N4	FHLMC	5.00	3/9/2016	1,679	1,766
3128GRBH1	FHLMC	5.00	2/8/2016	280	281
3128GRFT1	FHLMC	5.00	2/23/2016	1,644	1,730
3128GRJD2	FHLMC	5.00	2/23/2016	373	393
3128GRLA5	FHLMC	5.00	2/24/2016	2,918	3,070
3128GRM71	FHLMC	5.00	2/23/2016	469	473

Page 6

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
3128GRQA0	FHLMC	5.00	2/23/2016	1,319	1,367
3128GRSP5	FHLMC	5.00	2/23/2016	957	1,003
3128GRSY6	FHLMC	5.00	2/23/2016	1,339	1,408
3128GRUF4	FHLMC	5.00	2/24/2016	468	471
3128GRUT4	FHLMC	5.00	2/24/2016	2,460	2,565
3128GRWQ8	FHLMC	5.00	2/8/2016	186	187
3128GRYD5	FHLMC	5.00	3/9/2016	116	116
3128GS5Y9	FHLMC	5.00	3/9/2016	956	966
3128GSDJ3	FHLMC	5.00	3/9/2016	2,617	2,753
3128GSGB7	FHLMC	5.00	3/9/2016	2,055	2,162
3128GSGU5	FHLMC	5.00	3/9/2016	3,599	3,786
3128GSKE6	FHLMC	5.00	3/9/2016	2,267	2,385
3128GSKV8	FHLMC	5.00	3/9/2016	2,166	2,214
3128GSLX3	FHLMC	5.00	3/9/2016	245	249
3128GSLY1	FHLMC	5.00	3/9/2016	1,523	1,602
3128GSNL7	FHLMC	5.00	3/9/2016	810	818
3128GSQN0	FHLMC	5.00	3/9/2016	2,283	2,387
3128GSSN8	FHLMC	5.00	3/9/2016	4,117	4,331
3128GV2N9	FHLMC	5.00	6/13/2016	7,480	7,869
3128GV3C2	FHLMC	5.00	6/13/2016	2,918	3,070
3128GV3D0	FHLMC	5.00	6/13/2016	5,113	5,379
3128GV3Z1	FHLMC	5.00	6/13/2016	5,798	6,100
3128GV7G9	FHLMC	5.00	6/13/2016	1,585	1,671
3128GVBY5	FHLMC	5.00	5/12/2016	345	363
3128GVH94	FHLMC	5.00	5/27/2016	894	905
3128GVJA9	FHLMC	5.00	5/27/2016	2,053	2,160
3128GVJB7	FHLMC	5.00	5/28/2016	1,536	1,617
3128GVJQ4	FHLMC	5.00	5/28/2016	1,457	1,533
3128GVLF5	FHLMC	5.00	5/28/2016	944	961
3128GVLH1	FHLMC	5.00	5/28/2016	1,807	1,901
3128GVLJ7	FHLMC	5.00	5/28/2016	3,856	4,056
3128GVMM9	FHLMC	5.00	5/12/2016	490	493
3128GVNL0	FHLMC	5.00	5/28/2016	1,444	1,518
3128GVNM8	FHLMC	5.00	5/28/2016	1,533	1,613
3128GVNN6	FHLMC	5.00	5/28/2016	2,559	2,778
3128GVNV8	FHLMC	5.00	5/27/2016	306	308
3128GVNX4	FHLMC	5.00	5/28/2016	16,240	17,084
3128GVPM6	FHLMC	5.00	5/28/2016	1,936	2,036
3128GVPN4	FHLMC	5.00	5/28/2016	1,222	1,284
3128GVPP9	FHLMC	5.00	5/28/2016	2,515	2,645
3128GVQH6	FHLMC	5.00	5/28/2016	4,784	5,033
3128GVRA0	FHLMC	5.00	5/29/2016	518	523
3128GVRC6	FHLMC	5.00	5/29/2016	1,735	1,826
3128GVRE2	FHLMC	5.00	5/27/2016	2,206	2,249
3128GVRS1	FHLMC	5.00	5/28/2016	895	909

Page 7

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
3128GVRT9	FHLMC	5.00	5/28/2016	2,730	2,872
3128GVRY8	FHLMC	5.00	5/28/2016	12,070	12,698
3128GVT83	FHLMC	5.00	5/28/2016	4,228	4,448
3128GVTN0	FHLMC	5.00	5/28/2016	1,606	1,629
3128GVTW0	FHLMC	5.00	5/28/2016	2,546	2,678
3128GVUD0	FHLMC	5.00	5/28/2016	275	282
3128GVUE8	FHLMC	5.00	5/28/2016	2,461	2,589
3128GVUX6	FHLMC	5.00	6/13/2016	1,318	1,340
3128GVVE7	FHLMC	5.00	6/13/2016	6,768	7,120
3128GVVF4	FHLMC	5.00	6/13/2016	2,815	2,961
3128GVVJ6	FHLMC	5.00	6/13/2016	5,598	5,889
3128GVVY3	FHLMC	5.00	6/13/2016	2,707	2,847
3128GVW22	FHLMC	5.00	5/29/2016	1,050	1,105
3128GVW89	FHLMC	5.00	6/13/2016	1,662	1,760
3128GVZV5	FHLMC	5.00	6/13/2016	2,912	3,063
3128GW5Q7	FHLMC	5.00	6/29/2016	3,306	3,506
3128GW6G8	FHLMC	5.00	6/29/2016	1,954	2,056
3128GWAQ1	FHLMC	5.00	6/13/2016	749	758
3128GWAT5	FHLMC	5.00	6/13/2016	4,855	5,108
3128GWAU2	FHLMC	5.00	6/13/2016	5,951	6,260
3128GWB49	FHLMC	5.00	6/13/2016	432	454
3128GWB80	FHLMC	5.00	6/13/2016	4,064	4,275
3128GWBH0	FHLMC	5.00	6/13/2016	3,938	4,142
3128GWC89	FHLMC	5.00	6/14/2016	1,875	1,973
3128GWCL0	FHLMC	5.00	6/14/2016	3,381	3,557
3128GWCW6	FHLMC	5.00	6/14/2016	1,893	1,991
3128GWDP0	FHLMC	5.00	6/14/2016	2,173	2,286
3128GWEG9	FHLMC	5.00	6/14/2016	9,308	9,792
3128GWEK0	FHLMC	5.00	6/13/2016	2,667	2,824
3128GWEP9	FHLMC	5.00	6/13/2016	788	825
3128GWF86	FHLMC	5.00	6/13/2016	2,576	2,710
3128GWFN3	FHLMC	5.00	6/14/2016	2,078	2,185
3128GWHH4	FHLMC	5.00	6/13/2016	1,431	1,506
3128GWJG4	FHLMC	5.00	6/29/2016	5,710	6,007
3128GWK31	FHLMC	5.00	6/14/2016	2,249	2,366
3128GWK56	FHLMC	5.00	6/29/2016	3,600	3,787
3128GWMS4	FHLMC	5.00	6/29/2016	1,587	1,680
3128GWP85	FHLMC	5.00	6/28/2016	1,737	1,824
3128GWQ27	FHLMC	5.00	6/29/2016	4,700	4,945
3128GWQ92	FHLMC	5.00	6/29/2016	2,919	3,071
3128GWQN1	FHLMC	5.00	6/28/2016	2,610	2,746
3128GWQY7	FHLMC	5.00	6/29/2016	1,016	1,035
3128GWR42	FHLMC	5.00	6/29/2016	3,962	4,168
3128GWV21	FHLMC	5.00	6/29/2016	3,726	3,920
3128GWVL9	FHLMC	5.00	6/28/2016	562	591

Page 8

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
3128GWWM6	FHLMC	5.00	6/29/2016	449	472
3128GWXD5	FHLMC	5.00	6/28/2016	2,003	2,118
3128GWYS1	FHLMC	5.00	6/29/2016	246	259
3128GWZQ4	FHLMC	5.00	6/28/2016	2,662	2,801
3128GXAX4	FHLMC	5.00	6/30/2016	7,883	8,293
3128GXBC9	FHLMC	5.00	6/29/2016	1,249	1,273
3128GXEA0	FHLMC	5.00	7/14/2016	2,506	2,636
3128GXEK8	FHLMC	5.00	7/14/2016	1,311	1,379
3128GXFT8	FHLMC	5.00	7/15/2016	4,276	4,498
3128GXHA7	FHLMC	5.00	7/15/2016	3,778	3,975
3128GXHQ2	FHLMC	5.00	7/14/2016	5,397	5,678
3128GXN36	FHLMC	5.00	7/14/2016	4,559	4,796
3128GY2H6	FHLMC	5.00	8/16/2016	4,279	4,504
3128GYF66	FHLMC	5.00	7/30/2016	892	901
3128GYG73	FHLMC	5.00	7/30/2016	4,478	4,713
3128GYKK9	FHLMC	5.00	7/30/2016	302	318
3128GYLX0	FHLMC	5.00	7/30/2016	492	495
3128GYNT7	FHLMC	5.00	8/16/2016	678	684
3128GYQC1	FHLMC	5.00	8/17/2016	3,866	4,068
3128GYS88	FHLMC	5.00	8/16/2016	71	75
3128GYTW4	FHLMC	5.00	8/16/2016	739	746
3128GYU44	FHLMC	5.00	8/16/2016	2,686	2,827
3128GYU51	FHLMC	5.00	8/17/2016	3,165	3,331
3128GYV35	FHLMC	5.00	8/17/2016	5,495	5,783
3128GYVB7	FHLMC	5.50	8/18/2016	24,196	25,304
3128GYVZ4	FHLMC	5.00	8/16/2016	3,719	3,914
3128GYZE7	FHLMC	5.00	8/16/2016	2,721	2,864
3128H22V4	FHLMC	5.00	9/18/2016	2,016	2,121
3128H25K5	FHLMC	5.00	9/17/2016	980	990
3128H26M0	FHLMC	5.50	9/3/2016	241,595	252,658
3128H26W8	FHLMC	5.50	8/17/2016	114,756	120,010
3128H27K3	FHLMC	5.00	9/18/2016	805	815
3128H2B69	FHLMC	5.00	8/16/2016	6,196	6,521
3128H2B77	FHLMC	5.00	8/17/2016	5,974	6,286
3128H2B85	FHLMC	5.00	8/17/2016	4,092	4,306
3128H2C84	FHLMC	5.00	8/16/2016	407	412
3128H2E41	FHLMC	5.00	9/2/2016	4,593	4,833
3128H2ED1	FHLMC	5.00	8/16/2016	9,264	9,750
3128H2EG4	FHLMC	5.00	8/17/2016	6,100	6,420
3128H2LV3	FHLMC	5.00	8/16/2016	4,378	4,607
3128H2LY7	FHLMC	5.00	9/3/2016	2,367	2,491
3128H2QV8	FHLMC	5.00	9/2/2016	6,451	6,789
3128H2T86	FHLMC	5.00	9/2/2016	182	191
3128H2TF0	FHLMC	5.00	9/2/2016	5,814	6,118
3128H2TJ2	FHLMC	5.00	9/2/2016	826	834

Page 9

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
3128H2TW3	FHLMC	5.00	9/3/2016	5,428	5,712
3128H2VW0	FHLMC	5.00	9/2/2016	7,021	7,388
3128H2YM9	FHLMC	5.00	9/3/2016	1,061	1,115
3128H2YN7	FHLMC	5.00	9/2/2016	1,822	1,938
3128H2YS6	FHLMC	5.00	9/4/2016	1,973	2,104
3128H2ZJ5	FHLMC	5.00	9/2/2016	2,121	2,253
3128H2ZT3	FHLMC	5.00	9/18/2016	1,570	1,658
3128H2ZU0	FHLMC	5.00	9/19/2016	5,107	5,375
3128H32W0	FHLMC	5.00	9/18/2016	2,787	2,932
3128H3C25	FHLMC	5.00	9/19/2016	763	771
3128H3CD1	FHLMC	5.00	9/18/2016	1,752	1,844
3128H3FG1	FHLMC	5.00	9/19/2016	3,378	3,555
3128H3MN8	FHLMC	5.00	9/19/2016	5,926	6,237
3128H3N72	FHLMC	5.00	9/18/2016	1,953	2,080
3128H3RY9	FHLMC	5.00	10/3/2016	6,108	6,428
3128H3S36	FHLMC	5.00	9/20/2016	3,104	3,267
3128H3SZ5	FHLMC	5.00	10/5/2016	3,845	4,046
3128H3V65	FHLMC	5.00	10/4/2016	1,340	1,362
3128H3WF4	FHLMC	5.00	9/19/2016	2,924	3,077
3128H3XU0	FHLMC	5.00	10/4/2016	3,404	3,630
3128H45V7	FHLMC	5.00	10/21/2016	4,217	4,437
3128H4J59	FHLMC	5.00	10/20/2016	2,878	3,029
3128H4JG5	FHLMC	5.00	10/5/2016	3,579	3,812
3128H4JT7	FHLMC	5.00	10/20/2016	7,172	7,548
3128H5JX5	FHLMC	5.00	11/6/2016	6,406	6,741
3128H5RP3	FHLMC	5.00	11/7/2016	3,656	3,905
3128H5TK2	FHLMC	5.00	11/6/2016	8,401	8,841
3128H6BG8	FHLMC	5.00	11/7/2016	6,515	6,856
3128H6CZ5	FHLMC	5.00	11/6/2016	4,892	5,148
3128H6FR0	FHLMC	5.00	11/21/2016	4,796	5,047
3128H6FU3	FHLMC	5.00	11/22/2016	2,386	2,548
3128H6WU4	FHLMC	5.50	11/24/2016	84,388	89,243
3128H6XM1	FHLMC	5.00	11/22/2016	1,551	1,633
3128H6ZC1	FHLMC	5.50	11/8/2016	28,790	30,447
3128H77K2	FHLMC	5.50	12/28/2016	94,401	99,832
3128JLDM8	FHLMC	2.28	2/14/2025	110,199	116,027
3128JLEY1	FHLMC	2.28	2/14/2025	187,103	199,913
3128JLHB8	FHLMC	2.25	2/11/2025	35,005	36,626
3128JMW45	FHLMC	2.40	10/29/2025	54,387	58,647
3128JMY68	FHLMC	2.49	11/10/2025	64,069	69,511
3128JMZG5	FHLMC	2.41	10/30/2025	96,751	103,352
3128JNAL9	FHLMC	2.52	1/6/2026	123,031	132,619
3128JRP26	FHLMC	2.37	4/15/2025	1,208,495	1,294,060
3128K17K1	FHLMC	5.00	8/14/2027	352,014	388,952
3128K9KT0	FHLMC	5.50	8/22/2027	33,775	37,666

Page 10

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
3128KA4Z1	FHLMC	6.00	2/18/2028	26,670	30,340
3128KALC3	FHLMC	6.00	2/25/2028	2,066	2,335
3128KE5H2	FHLMC	6.50	7/25/2028	111,106	126,845
3128KLSB4	FHLMC	5.00	5/18/2028	279,020	307,315
3128KU3J4	FHLMC	6.00	12/18/2028	100,639	113,769
3128KULK1	FHLMC	6.00	12/16/2028	1,624	1,836
3128KWH30	FHLMC	6.00	2/14/2029	16,459	18,606
3128KWMW0	FHLMC	6.00	3/19/2029	124,355	140,882
3128L0SP8	FHLMC	6.00	3/18/2029	3,557	4,029
3128L0SR4	FHLMC	6.00	3/25/2029	153,015	173,646
3128L1WP1	FHLMC	6.00	5/3/2029	24,067	27,206
3128LAFP0	FHLMC	6.00	5/24/2029	58,922	66,604
3128LXUJ7	FHLMC	6.00	7/10/2028	88,945	100,543
3128M4GD9	FHLMC	6.00	8/25/2028	31,368	35,459
3128M4XA6	FHLMC	5.50	10/10/2028	978,112	1,092,675
3128M4YR8	FHLMC	6.00	1/2/2029	79,288	89,630
3128M5GA2	FHLMC	6.00	2/16/2029	64,609	73,037
3128M5NP1	FHLMC	6.00	4/9/2029	1,550	1,752
3128M5R93	FHLMC	5.50	4/6/2029	15,761	17,575
3128M5RA0	FHLMC	6.00	5/11/2029	8,830	9,982
3128M6AV0	FHLMC	5.50	4/16/2029	33,853	37,749
3128M6JM1	FHLMC	5.00	4/27/2029	7,168,708	7,896,393
3128M6SA7	FHLMC	6.00	11/5/2029	103,334	116,807
3128M6SN9	FHLMC	5.00	1/25/2028	953,865	1,053,956
3128M7MQ6	FHLMC	6.00	9/27/2026	479,054	549,234
3128M7NR3	FHLMC	5.00	12/17/2029	818,760	902,111
3128M7PN0	FHLMC	5.00	1/18/2030	494,558	550,630
3128M7QZ2	FHLMC	5.00	9/23/2029	749,609	828,267
3128M7SY3	FHLMC	6.00	1/8/2029	5,853,471	6,707,109
3128M7YU4	FHLMC	6.00	11/5/2026	11,348,186	13,062,064
3128M8AV6	FHLMC	5.50	6/28/2030	2,063,291	2,300,783
3128M8CY8	FHLMC	5.00	11/19/2030	1,331,706	1,466,885
3128M8GV0	FHLMC	6.00	12/15/2027	3,596,116	4,120,553
3128M8HQ0	FHLMC	4.00	7/11/2030	358,507	382,480
3128M8TX2	FHLMC	6.00	4/28/2029	782,472	884,511
3128M9CM2	FHLMC	4.00	9/11/2020	695,921	742,546
3128M9RG9	FHLMC	4.00	5/24/2031	396,803	424,313
3128MABS7	FHLMC	3.50	6/26/2032	24,467,431	25,551,038
3128MCUW3	FHLMC	4.00	12/7/2020	2,947,543	3,146,582
3128MJH94	FHLMC	5.00	1/17/2029	561,915	618,955
3128MJS43	FHLMC	3.50	11/21/2031	490,352	510,500
3128MJUW8	FHLMC	4.50	5/15/2033	945,007	1,024,864
3128MJUZ1	FHLMC	3.50	11/1/2032	11,295,874	11,760,420
3128MMAC7	FHLMC	5.00	5/16/2017	182,356	192,863
3128MMM67	FHLMC	3.50	1/11/2021	368,404	390,039

Page 11

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
3128MMNX7	FHLMC	3.50	5/13/2021	4,824,518	5,107,843
3128MMST1	FHLMC	2.50	12/29/2022	493,247	502,175
3128NCBH6	FHLMC	1.98	10/14/2025	225,810	229,946
3128P7JE4	FHLMC	5.00	5/26/2022	4,005	4,450
3128P7JH7	FHLMC	5.00	6/3/2022	80,731	89,693
3128PR7G8	FHLMC	4.00	9/16/2020	703,219	750,706
3128PRVD8	FHLMC	4.00	8/25/2020	394,967	421,638
3128PRWU9	FHLMC	4.00	9/12/2020	578,553	617,621
3128PRZ85	FHLMC	4.00	9/13/2020	303,432	323,921
3128PSBA4	FHLMC	4.00	9/29/2020	523,962	559,344
3128PUGE6	FHLMC	3.50	12/22/2020	449,970	476,395
3128PUQT2	FHLMC	3.50	2/6/2021	520,376	550,936
3128PURZ7	FHLMC	3.50	2/4/2021	476,225	504,192
3128PUVC3	FHLMC	3.50	1/30/2021	447,914	474,218
3128PUVP4	FHLMC	3.50	2/3/2021	364,946	386,378
3128PUW73	FHLMC	3.50	2/18/2021	626,105	662,874
3128PUXF4	FHLMC	3.50	2/1/2021	380,699	403,056
3128PVBD1	FHLMC	4.00	3/11/2021	463,591	495,827
3128PVCG3	FHLMC	4.00	3/5/2021	457,277	489,073
3128PWV21	FHLMC	3.00	4/28/2021	1,480,838	1,537,970
3128PWWS3	FHLMC	3.00	4/18/2021	585,634	608,229
312906J50	FHLMC	8.50	1/2/2017	23,682	25,737
31292G4T0	FHLMC	6.00	6/12/2023	4,447	4,818
31292GZM1	FHLMC	6.00	4/15/2023	397	430
31292K4D6	FHLMC	4.00	4/23/2030	674,191	719,249
31292LH32	FHLMC	3.50	1/18/2031	16,402,895	17,097,516
31292LHP3	FHLMC	3.50	2/17/2031	7,797,144	8,127,333
31292LL60	FHLMC	3.50	3/12/2031	529,156	551,854
31292SAD2	FHLMC	3.50	4/7/2031	480,946	500,715
312931D62	FHLMC	4.00	5/23/2029	104,593	111,567
312931TJ7	FHLMC	5.00	10/14/2029	1,306,526	1,440,634
312932CX2	FHLMC	4.50	7/14/2029	554,240	606,954
312935KY4	FHLMC	4.50	10/7/2029	151,384	166,828
312935LV9	FHLMC	4.50	10/21/2029	114,727	126,431
312935MV8	FHLMC	4.50	10/29/2029	1,048,065	1,155,980
3129385D1	FHLMC	5.00	3/26/2030	48,385	53,873
31293WH45	FHLMC	6.00	7/16/2023	10,010	10,844
312942L52	FHLMC	4.50	7/8/2030	732,497	794,711
312943HT3	FHLMC	4.00	6/8/2030	6,015,440	6,455,377
312943Y31	FHLMC	4.00	7/3/2030	1,235,155	1,325,488
312944BN0	FHLMC	4.00	5/28/2030	1,697,662	1,820,710
3129455Y0	FHLMC	4.50	5/9/2027	178,163	193,438
312945CK2	FHLMC	4.00	5/24/2030	147,751	158,556
312945ZD3	FHLMC	4.00	7/11/2030	216,365	230,833
312946JE7	FHLMC	4.50	5/24/2027	413,947	449,436

Page 12

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
312946PD2	FHLMC	4.50	10/28/2030	2,881,437	3,128,473
312946X35	FHLMC	4.50	6/29/2027	1,544,374	1,676,779
31294KDZ5	FHLMC	5.00	11/20/2015	321	337
31294KFJ9	FHLMC	5.00	12/21/2015	302	317
31294KHD0	FHLMC	5.00	2/8/2016	1,100	1,157
31294KHL2	FHLMC	5.00	2/23/2016	1,690	1,778
31294KJT3	FHLMC	5.00	3/25/2016	766	797
31294MAK7	FHLMC	4.00	10/8/2020	339,615	362,548
31294MJP7	FHLMC	3.50	5/16/2021	1,015,139	1,074,755
312962CQ4	FHLMC	5.00	11/22/2016	1,009	1,028
312962CT8	FHLMC	5.00	11/22/2016	108	109
312962KT9	FHLMC	5.00	12/23/2016	4,187	4,472
312962MD2	FHLMC	5.00	1/9/2017	8,280	8,714
312962Q63	FHLMC	5.50	12/27/2016	6,065	6,414
312962UW1	FHLMC	5.50	1/12/2017	296,725	313,796
312963WH0	FHLMC	5.50	1/29/2017	6,133	6,486
3129642B4	FHLMC	5.50	3/16/2017	22,822	24,155
312964KG3	FHLMC	5.00	2/26/2017	618	623
312964WX3	FHLMC	5.50	12/26/2016	142,323	150,511
312965QA7	FHLMC	5.50	1/12/2017	69,319	73,307
312966WU4	FHLMC	5.50	4/19/2017	679,280	718,944
312968QL7	FHLMC	5.50	1/28/2017	449,300	469,873
31296KN58	FHLMC	6.00	3/5/2026	34,846	40,344
31296NEK9	FHLMC	5.00	12/14/2025	862,201	954,427
31296SBH8	FHLMC	6.00	5/18/2026	5,290	6,089
31297SFC4	FHLMC	5.50	5/24/2027	31,011	34,711
31297US50	FHLMC	5.50	6/10/2027	46,668	52,236
31298HM47	FHLMC	6.00	7/16/2024	6,415	7,354
3132FCBT1	FHLMC	5.00	12/3/2027	686,354	762,784
3132GD6M9	FHLMC	4.50	12/13/2030	547,830	594,797
3132GDRC8	FHLMC	4.50	6/27/2027	1,995,623	2,166,715
3132GDS86	FHLMC	4.50	12/24/2030	2,869,581	3,115,601
3132GE6P0	FHLMC	5.00	4/26/2031	248,786	274,692
3132GJR27	FHLMC	4.00	1/7/2031	46,539	49,929
3132GLUA0	FHLMC	4.00	3/6/2031	666,688	711,269
3132GMHA3	FHLMC	3.50	12/18/2030	432,132	449,894
3132GRL66	FHLMC	3.50	12/23/2030	1,036,924	1,080,835
3132GRN80	FHLMC	4.00	3/15/2031	547,224	583,912
3132GUKK9	FHLMC	3.50	3/17/2031	1,102,135	1,147,437
3132GUX90	FHLMC	3.50	4/3/2031	819,259	853,953
3132HM5D9	FHLMC	3.50	6/5/2031	966,285	1,006,003
3132HML33	FHLMC	3.50	4/2/2031	5,389,151	5,617,368
3132HQEQ1	FHLMC	3.00	2/17/2031	447,172	452,311
3132HQFE7	FHLMC	4.00	10/9/2031	21,113	22,690
3132HRM49	FHLMC	3.50	8/1/2031	5,683,639	5,924,326

Page 13

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
3132J9AW8	FHLMC	4.00	1/21/2032	179,775	192,950
3132J9GA0	FHLMC	4.00	2/3/2032	75,381	80,905
3132J9JD1	FHLMC	3.00	8/10/2031	595,383	602,229
3132J9NB0	FHLMC	4.00	1/25/2032	123,893	133,414
3132J9WS3	FHLMC	4.00	2/3/2032	174,963	188,410
3132JMR92	FHLMC	4.00	2/20/2032	98,350	105,558
3132JMVQ9	FHLMC	4.00	5/28/2032	227,982	245,504
3132JNND5	FHLMC	4.00	6/17/2032	119,506	128,691
3132JNNP8	FHLMC	4.00	5/30/2032	84,867	91,086
3132JPJD5	FHLMC	4.00	5/16/2032	289,938	311,186
3132JPJH6	FHLMC	4.00	5/10/2032	217,934	234,683
3132L5R62	FHLMC	4.00	6/17/2032	250,836	267,572
3132M6VL1	FHLMC	4.00	12/27/2032	292,519	312,528
31342A6F1	FHLMC	2.36	2/23/2025	212,798	226,925
31349UCW6	FHLMC	2.23	9/22/2025	103,565	110,204
31349UEJ3	FHLMC	2.38	10/26/2025	173,243	185,844
31349ULB2	FHLMC	2.38	12/18/2025	187,303	200,674
31349UMF2	FHLMC	2.38	1/6/2026	289,248	309,930
313602YQ1	FANNIE MAE FNMA_89-44	9.00	8/27/2016	22,702	24,437
31368HL35	FNMA	5.50	4/13/2026	26,880	30,229
31368HMB6	FNMA	5.50	12/14/2026	239,111	268,899
31368HNM1	FNMA	4.50	9/7/2029	12,978	14,090
3136A77K2	FNMA	2.71	12/7/2016	1,163,804	1,181,495
31371MEP8	FNMA	5.00	5/5/2027	2,978	3,293
31371N4F9	FNMA	6.00	12/18/2022	117,160	133,279
31371NVX0	FNMA	5.00	1/8/2029	656,862	725,301
31374CN36	FNMA	6.00	9/16/2030	11,734	13,289
31374CNV4	FNMA	5.50	10/26/2028	237,250	266,805
3137A83K2	FHR_3820D DA	4.00	11/28/2017	14,457,648	15,241,007
3137AEH65	FHLMC_3917	0.66	8/22/2018	1,093,896	1,098,740
3137AEV77	FHLMC	2.70	9/27/2017	8,300,000	8,579,569
3137ANMN2	FHLMC MULTIFAMILY STRUCTURED P	2.22	11/19/2018	500,000	507,740
3137B4PT7	FHLMC_4246	6.50	11/16/2019	5,829,324	6,612,300
3137B4UY0	FHLMC_4248	6.50	1/6/2020	10,888,031	12,338,025
31381QFF8	FNMA	3.75	9/17/2016	8,168,598	8,647,932
31385RB58	FNMA	8.50	5/24/2024	545,355	597,213
31385XAZ0	FNMA	5.50	11/15/2025	382,047	429,634
31385XEC7	FNMA	5.50	12/5/2025	8,442	9,494
31385XK48	FNMA	2.35	12/27/2024	123,604	129,905
31385XM87	FNMA	4.50	11/25/2025	4,003,204	4,366,173
31388XVV3	FNMA	1.91	11/29/2024	3,631,692	3,746,687
31389EVA0	FNMA	6.50	1/18/2016	245,530	256,431
31389EVB8	FNMA	6.50	1/18/2016	409,978	427,313
3138A1CT6	FNMA	4.00	8/6/2026	55,690	59,483
3138A1SK8	FNMA	4.00	6/21/2030	1,057,998	1,131,123

Page 14

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
3138A1SU6	FNMA	4.00	6/28/2030	188,845	201,685
3138A2CK3	FNMA	4.00	12/16/2020	1,318,947	1,406,466
3138A2DD8	FNMA	4.00	6/13/2030	30,517	32,594
3138A2PD5	FNMA	3.50	12/14/2020	902,497	954,958
3138A2ZZ5	FNMA	4.00	12/5/2030	546,427	583,649
3138A3VB0	FNMA	4.00	6/25/2030	3,098,105	3,313,806
3138A3WC7	FNMA	4.00	7/27/2030	163,538	174,667
3138A5D33	FNMA	4.50	10/14/2030	3,925,045	4,265,070
3138A5TQ5	FNMA	4.00	7/29/2030	983,078	1,049,978
3138A5YL0	FNMA	4.50	10/24/2030	282,880	307,345
3138A6LD0	FNMA	5.00	1/22/2031	175,344	194,172
3138A7HY7	FNMA	3.50	5/1/2030	810,881	846,232
3138A8A48	FNMA	4.00	8/9/2030	557,934	595,940
3138A8JY3	FNMA	4.50	10/22/2030	843,273	916,325
3138A8N51	FNMA	4.50	11/9/2030	4,301,673	4,674,326
3138AA4M0	FNMA	4.50	11/19/2030	3,664,856	4,015,954
3138ADUG8	FNMA	5.00	4/1/2031	375,979	416,352
3138AET45	FNMA	4.50	12/19/2030	1,605,065	1,744,111
3138AEZG1	FNMA	4.00	12/13/2030	518,635	553,964
3138AHTD8	FNMA	5.00	4/10/2031	116,429	129,021
3138AJK50	FNMA	4.50	1/28/2031	175,400	190,595
3138AJNH1	FNMA	4.50	1/27/2031	2,127,937	2,312,280
3138AJWD0	FNMA	4.50	2/15/2031	870,699	946,127
3138AKEK1	FNMA	4.50	2/26/2031	5,525,196	6,003,843
3138ANZG1	FNMA	4.50	3/13/2031	151,272	164,377
3138AS4N9	FNMA	4.50	4/22/2031	1,795,693	1,951,253
3138AT4B3	FNMA	4.00	6/13/2031	634,025	677,260
3138AUP84	FNMA	4.50	5/22/2031	38,381	41,706
3138E04T3	FNMA	3.50	1/13/2031	352,715	368,111
3138E0Q93	FNMA	3.50	11/29/2030	1,410,147	1,476,101
3138E2GH2	FNMA	4.00	3/5/2031	564,855	603,332
3138E4EB3	FNMA	2.50	7/13/2021	710,701	725,185
3138E4F89	FNMA	4.00	3/23/2031	59,406	63,457
3138E4UV1	FNMA	4.00	2/25/2031	3,758,235	4,014,245
3138E7JB1	FNMA	2.50	7/27/2021	722,513	737,237
3138ECTY9	FNMA	2.50	7/18/2021	540,389	551,402
3138ECYM9	FNMA	2.50	7/16/2021	536,885	547,827
3138ECYV9	FNMA	2.50	8/1/2021	731,322	746,226
3138EGH72	FNMA	4.00	2/10/2021	531,541	566,812
3138EGHX5	FNMA	4.00	9/21/2030	5,267,546	5,656,402
3138EGSP0	FNMA	5.50	8/14/2028	90,621	101,910
3138EGTA2	FNMA	5.00	1/6/2029	290,821	322,144
3138EH6R8	FNMA	5.50	10/10/2029	89,502	100,652
3138EHGN6	FNMA	5.50	3/1/2029	44,604	50,161
3138EHWE8	FNMA	5.50	10/20/2028	43,294	48,687

Page 15

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
3138EJCC0	FNMA	4.00	1/7/2031	1,607,584	1,717,092
3138EJEW4	FNMA	4.00	3/22/2031	554,341	595,264
3138EJQN1	FNMA	5.50	3/2/2029	66,134	74,372
3138EJRB6	FNMA	3.50	7/22/2031	4,852,716	5,064,542
3138EJRP5	FNMA	4.38	6/21/2018	5,951,396	6,587,161
3138EKKV6	FNMA	5.50	2/21/2029	138,031	155,227
3138EKNB7	FNMA	5.50	11/1/2028	120,856	135,909
3138EKNF8	FNMA	3.00	6/5/2031	345,810	353,024
3138EKW35	FNMA	6.00	7/29/2031	6,083,590	6,889,521
3138EKZS7	FNMA	5.00	7/2/2031	178,146	196,753
3138ELPP2	FNMA	4.50	8/27/2031	1,472,865	1,600,459
3138ELX65	FNMA	4.50	6/26/2031	1,340,543	1,456,480
3138ENL23	FNMA	3.50	2/26/2023	733,984	775,960
3138LQES9	FNMA	4.00	5/5/2031	692,349	739,561
3138LSR85	FNMA	3.00	4/8/2031	101,931	104,058
3138LTLA4	FNMA	3.00	9/1/2021	903,615	939,793
3138LUZP3	FNMA	2.50	8/15/2021	971,063	990,645
3138LVEU3	FNMA	4.00	8/19/2031	685,712	733,278
3138LVH89	FNMA	3.00	4/6/2031	92,457	94,386
3138LVJ87	FNMA	3.00	9/21/2021	1,966,688	2,045,429
3138LVWU3	FNMA	3.00	9/27/2021	357,089	371,386
3138LXT41	FNMA	3.00	2/10/2031	48,522	49,535
3138M13D8	FNMA	3.50	6/25/2031	3,280,938	3,423,949
3138M13G1	FNMA	3.50	7/17/2031	5,570,848	5,813,673
3138M7GY5	FNMA	3.00	2/25/2031	122,713	125,274
3138M7W27	FNMA	3.00	2/2/2031	129,583	132,127
3138M93L3	FNMA	3.00	2/9/2031	69,469	70,919
3138MBAT3	FNMA	3.00	4/27/2031	53,520	54,636
3138MC2V5	FNMA	3.00	3/20/2031	114,006	116,384
3138MCFB5	FNMA	3.00	3/15/2031	125,426	128,043
3138MCT46	FNMA	3.00	5/9/2031	55,596	56,688
3138MDWE8	FNMA	3.00	2/26/2031	58,470	59,690
3138MFNJ2	FNMA	3.00	3/3/2031	86,352	88,154
3138MFPE1	FNMA	2.50	11/7/2021	630,175	642,435
3138MFSR9	FNMA	3.50	7/24/2031	1,413,038	1,474,630
3138MFW37	FNMA	3.00	6/11/2031	149,103	152,214
3138MFW52	FNMA	3.00	5/16/2031	82,399	84,118
3138MGMC6	FNMA	3.00	4/26/2031	178,485	181,992
3138MHKF9	FNMA	3.50	7/27/2031	43,526	45,423
3138MHKP7	FNMA	3.00	4/26/2031	67,232	68,635
3138MHKQ5	FNMA	3.00	4/19/2031	117,147	119,446
3138MHXJ7	FNMA	3.00	5/30/2031	52,776	53,877
3138MJ6T1	FNMA	3.00	4/7/2031	102,101	104,232
3138MJGD5	FNMA	3.00	4/14/2031	134,564	137,371
3138MJQU6	FNMA	3.00	3/5/2031	137,831	140,706

Page 16

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
3138MJXK0	FNMA	3.00	6/5/2031	1,256,671	1,275,502
3138MKB70	FNMA	3.00	4/22/2031	94,407	96,377
3138MKQH2	FNMA	3.00	7/14/2031	301,155	307,073
3138ML5B6	FNMA	3.00	6/9/2031	289,015	295,045
3138MLE67	FNMA	3.00	3/23/2031	416,185	424,868
3138MLMY7	FNMA	3.00	4/18/2031	51,111	52,177
3138MLTC8	FNMA	3.00	6/7/2031	229,743	234,537
3138MMAB8	FNMA	3.00	6/25/2031	273,616	279,324
3138MMCE0	FNMA	3.00	4/1/2031	59,728	60,974
3138MMJ37	FNMA	3.00	4/10/2031	97,666	99,704
3138MMKP6	FNMA	3.00	5/6/2031	49,855	50,895
3138MMNW8	FNMA	3.00	3/25/2031	229,005	233,782
3138MMY63	FNMA	3.00	2/17/2031	150,426	153,564
3138MN5G1	FNMA	3.00	5/1/2031	277,759	283,217
3138MNAT7	FNMA	3.00	4/14/2031	71,384	72,873
3138MNJQ4	FNMA	3.00	4/25/2031	70,691	72,165
3138MNQL7	FNMA	3.00	4/10/2031	533,174	543,642
3138MNQP8	FNMA	3.00	4/13/2031	413,766	422,398
3138MP2W4	FNMA	3.00	5/10/2031	52,889	53,929
3138MPBU8	FNMA	3.00	4/14/2031	117,750	120,207
3138MPDQ5	FNMA	3.00	5/20/2031	213,404	217,856
3138MPZC2	FNMA	3.00	3/30/2031	347,873	355,131
3138MQHG1	FNMA	3.00	4/19/2031	115,520	117,930
3138MQJZ7	FNMA	3.00	6/19/2031	190,453	194,427
3138MQM91	FNMA	3.00	7/3/2031	298,014	304,232
3138MQTN3	FNMA	3.00	4/15/2031	226,217	230,937
3138MQWF6	FNMA	3.00	2/20/2031	50,544	51,599
3138MR5R8	FNMA	3.00	6/2/2031	64,085	65,344
3138MRD24	FNMA	3.00	4/12/2031	55,548	56,707
3138MRRX1	FNMA	3.00	4/10/2031	193,450	197,486
3138MRTR2	FNMA	3.00	3/26/2031	62,351	63,651
3138MRUJ8	FNMA	3.00	4/10/2031	213,656	218,113
3138MRXV8	FNMA	3.00	5/14/2031	120,862	123,237
3138MTD79	FNMA	4.50	8/30/2031	397,310	435,583
3138NJAE8	FNMA	3.62	3/18/2018	2,050,016	2,149,765
3138NJAK4	FNMA	3.42	2/11/2018	2,891,105	3,046,933
3138NWVM8	FNMA	3.00	4/29/2031	44,627	45,504
3138NXFU6	FNMA	3.00	5/23/2031	409,905	417,960
3138NXRK5	FNMA	3.00	5/4/2031	106,104	108,189
3138NYDM4	FNMA	3.00	5/14/2031	77,669	79,196
3138NYEN1	FNMA	3.50	10/11/2031	244,809	255,479
3138NYHT5	FNMA	3.00	4/27/2031	90,603	92,493
3138NYQP3	FNMA	3.00	5/23/2031	66,715	68,026
3138W02A6	FNMA	3.00	5/12/2031	75,226	76,704
3138W02X6	FNMA	3.00	3/24/2031	98,927	100,870

Page 17

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
3138W0G60	FNMA	3.00	5/1/2031	133,678	136,304
3138W0XW4	FNMA	3.00	4/10/2031	301,202	307,485
3138W0YR4	FNMA	3.00	5/11/2031	57,342	58,539
3138W17M3	FNMA	3.00	7/6/2031	180,852	184,405
3138W1LY1	FNMA	3.00	5/22/2031	82,241	83,857
3138W3W90	FNMA	3.00	8/12/2031	339,835	346,513
3138W4AP6	FNMA	3.00	9/27/2031	146,872	149,758
3138W7WP5	FNMA	3.00	7/11/2031	170,186	173,530
3138W9AS9	FNMA	3.00	9/6/2031	190,893	193,399
3138W9GW4	FNMA	3.50	12/30/2031	1,168,814	1,221,353
3138W9RL6	FNMA	2.50	5/12/2022	2,192,753	2,234,770
3138WA6A0	FNMA	4.00	9/21/2032	1,613,821	1,732,595
3138WASF5	FNMA	3.00	8/19/2022	311,610	324,091
3138WCPB3	FNMA	3.00	12/18/2022	236,735	246,223
3138WCUS0	FNMA	4.00	1/17/2033	634,868	678,067
3138WMZ20	FNMA	2.50	3/1/2028	592,140	603,486
3138WN7K9	FNMA	3.00	7/29/2031	100,772	102,753
3138WNDF3	FNMA	3.50	11/29/2031	2,700,073	2,826,580
3138WQM33	FNMA	3.00	7/8/2031	47,373	48,304
3138WQNS7	FNMA	3.50	2/18/2032	45,112	47,081
3138WQNW8	FNMA	3.50	11/24/2031	552,762	576,463
3138WQNX6	FNMA	3.50	1/1/2032	186,265	194,447
3138X1ZV1	FNMA	3.00	10/8/2031	775,692	785,877
3138X3EQ1	FNMA	3.50	1/12/2032	1,774,295	1,854,051
3138X3XH0	FNMA	3.00	10/21/2031	12,733,614	12,900,794
3138X6WT8	FNMA	2.50	5/29/2022	539,465	549,802
3138X76Z1	FNMA	2.50	5/16/2022	1,359,207	1,385,252
3138XBQN7	FNMA	3.00	7/29/2022	886,249	921,746
3138XBW26	FNMA	4.50	1/8/2033	3,565,670	3,873,025
3138XBWY6	FNMA	4.00	9/17/2032	758,395	810,842
3138XDJ35	FNMA	3.50	8/15/2022	37,294	39,423
3138XDNY2	FNMA	3.00	8/8/2022	896,191	932,087
3138XUTV4	FNMA	4.00	1/25/2033	1,750,216	1,869,308
3138XUVB5	FNMA	4.00	3/10/2033	11,383,405	12,176,772
3138Y9EN4	FNMA	3.50	1/29/2033	346,786	361,940
31394PP72	FHLMC_27-55	5.00	11/18/2019	1,851,084	2,015,946
31400QJ87	FNMA	2.22	10/6/2024	14,869	15,897
31400RFH9	FNMA	5.50	10/20/2025	10,188	11,457
31400YAL0	FNMA	5.50	11/11/2025	47,007	52,863
31402C4H2	FNMA	5.50	7/2/2026	2,237,560	2,516,264
31402CVP4	FNMA	5.50	5/21/2026	100,553	113,077
31402DC73	FNMA	5.50	8/28/2026	3,641,224	4,094,833
31402DCV0	FNMA	5.00	7/13/2026	15,227	16,867
31402DJS0	FNMA	5.50	10/12/2026	2,039,098	2,293,120
31402DP79	FNMA	5.50	11/26/2026	53,078	59,690

Page 18

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
31402EQ35	FNMA	4.50	9/23/2025	10,559	11,516
31402QSK8	FNMA	5.50	12/17/2026	4,545	5,111
31402QSZ5	FNMA	5.50	12/14/2026	17,206	19,350
31402QWA5	FNMA	5.50	1/5/2027	6,360	7,152
31402QXK2	FNMA	8.50	1/7/2025	276,063	302,154
31402QY39	FNMA	5.50	1/29/2027	184,021	206,946
31402RDD8	FNMA	5.50	3/27/2027	64,605	72,440
31402RF87	FNMA	5.00	3/4/2027	989,114	1,095,647
31402RRN1	FNMA	5.00	6/4/2027	12,691,183	14,033,114
31402RSA8	FNMA	5.50	7/15/2027	6,463	7,246
31402RSN0	FNMA	5.00	6/5/2027	570,100	630,381
31402UR87	FNMA	4.50	11/26/2025	3,746,354	4,086,035
31402YSV7	FNMA	2.63	2/24/2025	10,609	11,368
31403DC56	FNMA	4.50	3/4/2018	721,249	757,782
31403DC72	FNMA	4.50	2/18/2018	570,253	599,137
31403DD97	FNMA	5.50	9/27/2027	10,538	11,816
31403DPP8	FNMA	5.50	5/1/2027	38,268	43,035
31403DPR4	FNMA	5.50	2/9/2028	77,146	86,245
31403FPC2	FNMA	4.50	11/20/2025	1,898,432	2,070,562
31403KDB6	FNMA	2.20	3/7/2025	7,990	8,442
31403TTL8	FNMA	5.50	4/22/2026	6,037	6,788
31404MAB4	FNMA	5.50	6/8/2026	3,031	3,408
31404NBP0	FNMA	2.22	11/9/2025	74,955	79,013
31405NQY4	FNMA	6.00	11/28/2026	7,273	8,337
31405QNR5	FNMA	5.50	10/26/2026	407	461
31405UMM8	FNMA	2.12	8/19/2025	86,845	91,417
31405UTZ2	FNMA	2.00	8/22/2025	17,878	18,857
31406BB90	FNMA	2.12	10/11/2025	122,358	129,781
31406BEZ9	FNMA	2.13	9/25/2025	104,462	110,672
31406BJF8	FNMA	2.15	10/14/2025	116,998	124,938
31406BQQ6	FNMA	2.19	10/19/2025	148,212	155,325
31406DG67	FNMA	2.30	9/27/2025	471,418	498,587
31406EDN1	FNMA	5.00	11/22/2026	11,714	13,011
31406HLF2	FNMA	6.00	4/11/2027	65,936	74,843
31406MYP5	FNMA	1.98	10/27/2025	202,772	212,749
31406RNA9	FNMA	6.00	9/24/2027	2,686	3,049
31406TLC3	FNMA	2.44	1/10/2026	231,866	249,513
31406TWR8	FNMA	1.83	9/6/2025	789,743	833,832
31406VHE9	FNMA	2.21	12/30/2025	121,415	128,370
31406YZV5	FNMA	5.00	4/21/2027	15,671	17,328
31407ADE8	FNMA	5.50	12/17/2026	15,658	17,608
31407FUW8	FNMA	2.35	3/9/2026	2,489,549	2,576,596
31407LFM4	FNMA	4.50	2/17/2027	9,428	10,258
31407RVX9	FNMA	4.50	4/24/2027	11,271	12,264
31407UEZ6	FNMA	6.00	11/30/2027	24,582	27,847

Page 19

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
31407VS22	FNMA	5.00	5/23/2027	18,809	20,797
31407YXM6	FNMA	5.50	5/26/2027	27,624	31,065
31408FYG8	FNMA	6.00	11/19/2027	1,309	1,483
31409CRY3	FNMA	6.00	12/2/2027	93,138	106,073
31409EJS1	FNMA	5.50	12/1/2027	23,823	26,633
31409GML7	FNMA	6.50	5/20/2028	195,370	222,949
31409JVL1	FNMA	6.00	3/12/2028	217,960	246,903
31409WAE1	FNMA	6.00	1/13/2028	191,827	217,268
31410CJV5	FNMA	6.00	2/7/2028	5,897	6,716
31410F3C7	FNMA	6.00	10/4/2028	731,065	827,642
31410F5Y7	FNMA	6.00	12/5/2028	300,199	340,012
31410FUZ6	FNMA	5.50	2/22/2028	27,095	30,470
31410FYU3	FNMA	5.50	9/21/2027	3,681,597	4,128,102
31410G2F9	FNMA	5.50	11/4/2028	60,806	68,180
31410G2W2	FNMA	5.00	1/9/2029	62,175	68,749
31410GBT9	FNMA	5.50	6/3/2027	144,351	162,330
31410GCS0	FNMA	5.50	8/29/2027	60,151	67,446
31410GD83	FNMA	2.42	7/30/2025	38,944	41,886
31410GDF7	FNMA	1.79	12/13/2024	158,988	169,478
31410GDL4	FNMA	2.32	1/28/2026	616,745	642,616
31410GDN0	FNMA	2.34	2/4/2025	117,532	125,113
31410GDP5	FNMA	2.38	4/10/2026	1,513,171	1,591,997
31410GDY6	FNMA	2.18	1/13/2026	41,305	44,184
31410KDC5	FNMA	5.00	4/3/2029	16,136	17,818
31410KEM2	FNMA	5.50	5/20/2029	1,406,093	1,571,479
31410KME1	FNMA	4.50	7/9/2028	1,618,177	1,764,897
31410KT95	FNMA	5.50	11/2/2028	121,606	136,753
31410KU36	FNMA	5.00	6/19/2029	8,541	9,431
31410KVW1	FNMA	5.50	10/26/2028	13,249	14,900
31410KX74	FNMA	5.50	3/3/2028	2,141,313	2,408,028
31410LBU5	FNMA	4.00	10/30/2020	774,818	826,122
31410LC91	FNMA	5.50	5/20/2031	648,371	724,641
31410LGW6	FNMA	5.50	10/20/2029	18,274	20,551
31410MJ76	FNMA	5.50	7/6/2027	9,962	11,170
31410NT24	FNMA	6.00	3/23/2028	15,307	17,337
31410RDL0	FNMA	6.00	5/14/2028	23,788	26,947
31411A5M3	FNMA	5.50	6/18/2028	3,971,373	4,439,783
31411A7C3	FNMA	5.50	6/25/2028	948,399	1,060,260
31411VMN6	FNMA	5.50	7/19/2028	2,625,319	2,934,112
31412NXE1	FNMA	5.00	11/9/2029	1,080,030	1,213,656
31412PBJ9	FNMA	4.50	12/29/2019	8,339,129	8,888,069
31412PRN3	FNMA	4.00	1/24/2020	1,244,992	1,327,429
31412Q2V0	FNMA	4.50	2/12/2030	2,106,917	2,332,360
31412QE70	FNMA	5.00	1/12/2030	2,550,034	2,857,471
31412QPN3	FNMA	5.50	3/16/2029	270,970	302,842

Page 20

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
31412QPQ6	FNMA	6.00	12/4/2027	350,451	397,794
31412QW70	FNMA	4.50	1/20/2030	302,213	332,945
31412RAP2	FNMA	4.00	1/25/2027	8,813	9,410
31412RG76	FNMA	4.00	8/2/2020	1,439,655	1,545,261
31412RGG6	FNMA	5.00	6/29/2030	275,843	309,773
31412RNY9	FNMA	4.00	7/8/2030	55,839	59,666
31412TM26	FNMA	5.50	6/18/2029	489,235	547,898
31412URR3	FNMA	4.00	2/27/2020	1,312,212	1,399,100
31413BTW1	FNMA	5.50	10/6/2028	507,348	567,023
31413CLH0	FNMA	6.00	12/11/2028	502,833	572,513
31413HKW7	FNMA	6.00	2/2/2029	3,628	4,109
31413R2P0	FNMA	6.00	5/7/2029	294,607	335,432
31414GGE3	FNMA	4.50	11/17/2028	52,272	56,742
31414NCH5	FNMA	6.00	2/1/2030	79,538	90,598
31414NH31	FNMA	5.00	11/5/2029	1,109,471	1,243,231
31414NH49	FNMA	5.00	11/5/2029	1,051,550	1,174,933
31414SL27	FNMA	5.00	3/4/2029	166,996	184,396
31414SX81	FNMA	5.50	6/2/2029	106,179	118,670
31414SZC0	FNMA	5.50	6/7/2029	171,642	192,032
31415AZ79	FNMA	5.00	4/5/2029	7,634	8,429
31415BCQ0	FNMA	5.50	7/28/2029	74,186	83,150
31415P3Y2	FNMA	5.50	6/22/2026	5,567	6,260
31415P3Z9	FNMA	5.50	6/26/2026	12,034	13,533
31415SPY2	FNMA	6.00	2/4/2030	10,121	11,462
31415YLZ0	FNMA	4.00	2/25/2020	485,060	517,178
31416BLD8	FNMA	5.50	10/30/2028	34,916	39,150
31416BM70	FNMA	5.50	10/26/2028	6,734,365	7,573,305
31416BMK1	FNMA	5.00	1/30/2029	150,849	166,800
31416BN61	FNMA	5.50	2/21/2028	44,074	49,565
31416BNB0	FNMA	5.50	5/27/2027	40,121	45,118
31416BNG9	FNMA	5.50	2/1/2027	138,633	155,900
31416BS90	FNMA	4.50	5/12/2029	473,380	513,861
31416BTA6	FNMA	5.00	9/18/2029	2,008,546	2,217,817
31416BTB4	FNMA	5.00	7/19/2027	432,689	478,441
31416HY25	FNMA	5.00	9/3/2029	190,526	210,458
31416JZM6	FNMA	5.00	9/6/2029	869,014	966,041
31416LR57	FNMA	4.50	7/5/2029	68,720	74,604
31416MTR5	FNMA	5.00	12/11/2029	16,295	18,000
31416MVP6	FNMA	4.50	7/26/2029	33,593	37,009
31416N5T5	FNMA	4.50	9/4/2029	115,792	127,567
31416WD66	FNMA	5.00	7/21/2030	450,140	505,508
31416WRK0	FNMA	4.50	6/21/2030	915,069	994,208
31416XAH3	FNMA	4.00	6/10/2030	1,755,045	1,874,380
31416XXR6	FNMA	5.00	2/16/2031	400,924	444,890
31416Y3T3	FNMA	4.00	1/26/2031	1,450,147	1,556,662

Page 21

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
31417AC49	FNMA	4.00	2/12/2031	1,716,457	1,833,382
31417ASD2	FNMA	4.00	2/10/2031	801,150	855,724
31417CDE2	FNMA	3.50	4/16/2031	1,329,529	1,388,825
31417CQQ1	FNMA	3.00	2/6/2031	102,748	104,765
31417CQS7	FNMA	3.00	2/10/2031	59,755	61,002
31417CSH9	FNMA	3.00	2/6/2031	1,752,062	1,786,459
31417D4F7	FNMA	3.00	3/30/2031	766,428	781,475
31417DRG0	FNMA	3.50	7/20/2031	786,693	821,033
31417ECE9	FNMA	3.00	3/30/2031	1,493,317	1,522,634
31417ECF6	FNMA	3.00	3/29/2031	1,532,486	1,562,573
31417ECT6	FNMA	3.00	4/9/2031	205,263	209,545
31417ENK3	FNMA	3.00	4/30/2031	302,898	309,218
31417FL55	FNMA	2.50	1/9/2022	139,639	142,315
31417GF35	FNMA	3.00	8/1/2031	335,748	340,156
31417JSB7	FNMA	4.50	10/23/2029	19,717	21,722
31417KUM7	FNMA	4.00	8/18/2029	74,668	79,738
31417KXH5	FNMA	4.50	10/16/2029	2,167,466	2,395,172
31417LUG8	FNMA	4.50	6/9/2026	1,973,211	2,152,122
31417MH71	FNMA	4.50	11/9/2029	9,108,566	9,888,401
31417MYL1	FNMA	4.50	12/23/2029	1,061,607	1,152,498
31417VJS3	FNMA	4.50	1/7/2030	10,514	11,583
31417VQT3	FNMA	4.50	2/26/2030	1,138,288	1,257,872
31417Y3H8	FNMA	4.00	4/5/2021	618,839	660,396
31417YF44	FNMA	4.00	8/22/2029	37,493	40,039
31417YXX0	FNMA	4.50	9/23/2030	1,095,390	1,190,283
31418A7G7	FNMA	3.50	10/10/2022	359,570	380,098
31418ALS5	FNMA	3.50	7/5/2031	2,363,251	2,466,410
31418AM96	FNMA	3.50	8/16/2031	1,960,914	2,046,387
31418AQ35	FNMA	3.50	10/24/2031	41,503	43,282
31418AR26	FNMA	3.50	11/23/2031	237,996	248,200
31418MFF4	FNMA	4.50	3/4/2027	2,179,632	2,377,259
31418MRL8	FNMA	5.50	11/6/2028	9,359,546	10,494,675
31418MRR5	FNMA	5.50	1/24/2027	180,811	203,333
31418MSR4	FNMA	5.50	3/12/2030	190,519	212,930
31418MT44	FNMA	5.50	10/29/2028	63,753	71,695
31418MT93	FNMA	4.50	2/21/2030	938,987	1,019,379
31418MUL4	FNMA	4.50	1/16/2030	412,587	454,543
31418PCP8	FNMA	5.00	10/19/2030	185,594	205,288
31418QHC0	FNMA	4.50	3/17/2030	11,918	12,948
31418RX22	FNMA	5.00	7/6/2030	1,227,613	1,357,879
31418UYE8	FNMA	4.00	6/15/2029	17,005	18,170
31418VQY1	FNMA	4.00	4/21/2030	59,230	63,260
31418W6Y1	FNMA	5.00	9/25/2030	262,081	291,288
31418W7J3	FNMA	5.00	9/29/2030	118,260	128,834
31419ARB5	FNMA	5.00	9/20/2030	492,737	545,023

Page 22

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
31419ARE9	FNMA	5.50	10/11/2029	43,109	48,479
31419DJY8	FNMA	4.00	10/7/2020	1,723,097	1,837,434
31419EK40	FNMA	4.00	6/21/2030	82,094	87,768
31419EU80	FNMA	5.00	9/28/2030	227,249	253,284
31419G2T0	FNMA	4.00	5/23/2030	20,809	22,225
31419H6Y3	FNMA	4.00	5/21/2030	34,186	36,513
31419HBS0	FNMA	4.00	5/19/2030	89,798	95,909
31419HRZ7	FNMA	4.00	6/12/2030	558,387	596,386
31419JLP1	FNMA	4.00	5/12/2030	103,463	110,504
31419KR49	FNMA	4.00	5/22/2030	41,765	44,608
31419LZ63	FNMA	4.00	6/2/2030	63,762	68,101
36176MA29	GNMA	4.00	11/29/2030	282,382	303,602
36176QLG7	GNMA	2.50	10/8/2021	1,554,548	1,597,947
36176R7D8	GNMA	3.50	10/16/2030	778,230	818,788
36176WGG0	GNMA	3.50	12/1/2030	727,717	765,646
36176XCT4	GNMA	3.50	1/11/2031	970,441	1,021,020
36177R5R8	GNMA	3.50	2/2/2031	1,053,499	1,108,402
36177RXF3	GNMA	3.50	12/21/2030	2,043,937	2,150,466
36177S3E7	GNMA	3.50	1/11/2031	1,807,389	1,901,590
36177X2H0	GNMA	2.50	8/17/2021	1,157,615	1,189,933
36177YR32	GNMA	2.50	9/4/2021	629,369	646,939
36178QYX4	GNMA	3.00	3/4/2031	172,782	177,174
36178TPE0	GNMA	4.00	12/15/2031	57,437	61,690
36179MC24	GNMA	4.00	8/29/2031	414,942	445,081
36179MNG1	GNMA	3.00	2/4/2031	372,078	381,398
36179MQP8	GNMA	3.50	8/28/2031	768,538	808,725
36179MVQ0	GNMA	2.50	1/10/2031	52,987	52,504
36179N2K3	GNMA	4.00	6/1/2032	259,221	278,037
36179NA99	GNMA	2.50	5/15/2031	365,038	361,542
36179NX78	GNMA	4.50	11/22/2032	236,365	258,266
36179QRY9	GNMA	3.50	7/6/2032	298,484	313,786
36180MYG6	GNMA	3.00	5/10/2031	894,146	916,029
36202FXC5	GNMA	4.50	3/17/2031	256,373	280,772
36202FZY5	GNMA	4.00	2/11/2031	722,174	775,553
36202FZZ2	GNMA	4.50	6/3/2031	707,178	774,481
36206XC43	GNMA	7.00	11/19/2024	820	902
3620A9SW2	GNMA	4.50	8/28/2029	297,949	329,847
3620ARBK6	GNMA	5.50	1/18/2029	228,326	252,791
3620C04Y1	GNMA	4.50	6/23/2030	440,429	484,228
3620C1WV4	GNMA	3.50	12/21/2030	2,537,361	2,669,608
36212PPP1	GNMA	7.00	10/28/2024	8,098	8,910
36212U5G2	GNMA	7.00	11/19/2024	7,813	8,596
36213HGU7	GNMA	7.00	10/7/2024	1,490	1,639
36225DM43	GNMA	1.63	9/28/2025	7,151,234	7,450,126
36230PCQ1	GNMA	2.50	6/27/2021	981,692	1,006,951

Page 23

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
36230RVV5	GNMA	3.50	3/10/2030	4,534,508	4,780,627
36241KWJ3	GNMA	6.00	11/5/2029	349,740	394,845
36241KZ68	GNMA	5.00	9/18/2029	217,139	240,709
36291YJZ1	GNMA	6.00	4/7/2028	2,566	2,903
36296QL49	GNMA	5.00	10/10/2029	620,453	688,796
36297FYL0	GNMA	4.50	9/18/2029	59,568	65,945
				581,825,601	624,412,852
Non Agency RMBS
00935WAA7	AIREM_06-1A	0.47	7/23/2021	1,423,991	1,372,970
05948X6X4	BANK OF AMERICA MTG SEC	4.75	9/5/2016	929,397	942,381
07384MWF5	BSARM_04-10	2.71	3/25/2021	17,966	17,640
12566UAG9	CMALT_07-A2	0.72	1/8/2021	2,639,920	1,838,998
12667FFN0	CWALT_04-J4	0.75	2/13/2019	5,089,410	4,920,380
12667GN58	CWALT_05-27	1.67	8/24/2021	3,215,828	2,839,277
12668ACG8	CWALT_05-73CB	0.49	1/13/2021	2,979,007	2,456,835
22541QUJ9	CS FIRST BOSTON MORTGAGE SECUR	3.43	9/26/2021	99,752	98,734
232434AE0	CWALT_06-OC8	0.42	8/7/2021	17,606,168	10,256,420
23245GAD3	CWALT_06-OC9	0.42	8/7/2025	4,575,688	2,873,234
25151AAG6	DBALT	0.45	12/9/2022	12,108,600	8,676,188
362631AD5	GSR_06-OA1	0.46	6/18/2031	6,097,704	1,941,338
38741YCA5	GRANITE MASTER ISSUER PLC GRAN	0.25	10/27/2016	1,302,901	1,291,712
40431HAJ6	HALO	0.47	2/1/2021	3,841,295	1,351,510
456687AC6	INDX_07-FL4	0.35	10/3/2020	2,273,769	1,950,327
466306AA5	JPALT_08-R2	6.00	9/21/2021	2,872,152	2,418,297
525221HA8	LXS	0.43	1/4/2022	3,234,372	2,380,857
52524HAJ9	LXS	0.87	4/14/2018	2,153,283	1,801,828
55027WAA0	LUM_07-2	0.40	6/2/2022	2,959,941	2,043,478
62889EAA3	NGN_11-R3	0.56	3/23/2017	949,232	948,568
76110H2P3	RES ASSET SEC	2.95	9/25/2021	1,033,610	695,626
863579J90	SARM	2.42	7/16/2021	8,658,330	6,461,815
863579KY3	SARM	2.51	7/6/2021	1,926,381	1,849,773
86359LQM4	STRUCTURED ASSET MORTGAGE INV	2.26	11/18/2023	2,684,792	2,079,903
86361WAA9	SAMI_06-AR8	0.37	6/4/2022	6,521,335	5,228,265
86361XAA7	SAMI_06-AR8	0.29	2/4/2026	19,071,539	15,153,215
92922F4P0	WAMU	0.95	4/19/2022	4,056,877	3,901,572
92922FB49	WASHINGTON MUTUAL	0.91	11/6/2019	244,908	235,446
92922FZF8	WAMU_04-A12	0.58	8/7/2019	4,401,913	4,244,404
BCC0W6QX1	BRUNEL RESIDENTIAL MORTGAGE SE	0.43	12/4/2016	1,159,786	1,148,444
				126,129,850	$	93,419,434
CMBS
05357HAA8	AVMT_13-AVM	3.74	6/5/2020	6,200,000	$	6,580,246
055236AA1	BAMLL_11-07C1	5.38	12/21/2015	4,652,263	4,842,405
059500AD0	BACM	5.89	10/14/2015	6,999,860	7,367,282
05950VAE0	BACM	5.36	8/10/2016	2,400,000	2,511,840
05950WAF5	BANC OF AMERICA	5.63	8/28/2015	4,171,581	4,364,600

Page 24

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
059511AF2	BACM_07-2	5.58	2/11/2016	1,206,216	1,290,627
059511AJ4	BACM	5.64	12/31/2014	1,300,000	1,289,821
07387BEB5	BSCMS	5.41	5/12/2015	2,040,423	2,094,576
07388NAG1	BEAR STEARNS COMMERCIAL MORTGA	5.60	10/12/2016	26,238,000	26,515,651
07388PAE1	BSCMS	5.20	12/16/2015	500,000	529,870
07401DAE1	BSCMS_07-PW18	5.60	6/26/2016	9,571,139	10,433,212
12513XAH5	CITIGROUP/DEUTSCHE BANK COMMER	5.39	3/1/2016	19,550,000	18,484,857
12513YAF7	CD_07-CD4	5.32	1/11/2016	2,800,000	2,964,528
12527EAB4	CFCRE COMMERCIAL MORTAGE TRUST	3.76	7/30/2015	502,465	514,740
12591KAF2	COMM_13-CR12	1.42	7/15/2022	15,246,935	1,294,587
12591QAD4	COMM MORTGAGE TRUST COMM_14-UB	4.69	7/10/2024	9,226,000	8,461,017
12591VAF8	COMM_14-CR16	1.27	8/19/2022	19,870,945	1,510,510
12591YBC8	COMM_14-UBS3	3.82	1/26/2024	200,000	212,012
126192AE3	COMM_12-LC4	4.06	10/26/2021	200,000	212,848
12622DAA2	COMM_10-C1	3.16	3/16/2016	8,500,535	8,589,961
12624KAE6	COMM	1.91	6/20/2021	36,386,259	3,622,034
12624XAC2	COMM_13-CR6	2.62	8/1/2020	750,000	749,543
12626GAF0	COMM_13-LC13	4.21	4/11/2023	400,000	436,272
17310MAE0	CITIGROUP	5.43	3/16/2016	2,026,000	2,145,372
17311QBL3	CGCMT_07-C6	5.71	4/25/2016	5,602,053	6,056,043
17318UAD6	CITIGROUP COMMERCIAL MORTGAGE	3.02	11/12/2020	500,000	506,240
17320DAG3	CGCMT_13-GC11	3.09	11/26/2022	8,200,000	8,278,228
17321JAJ3	CGCMT_13-GC15	1.28	9/12/2021	23,518,125	1,561,886
17321RAD8	CITIGROUP COMMERCIAL MORTGAGE	4.13	7/11/2023	250,000	271,380
17322VAT3	CGCMT_14-GC23	3.62	4/10/2024	200,000	209,110
17322VAY2	CGCMT_14-GC23	1.15	6/26/2023	15,559,250	1,214,991
190749AE1	CWCAPITAL COBALT	5.22	11/20/2015	4,499,805	4,741,849
19075CAD5	CWCI	5.48	1/6/2016	3,094,762	3,311,953
19075DAF8	CWCI_07-C3	5.77	3/30/2016	3,893,666	4,190,051
20047EAJ1	COMM	5.38	1/3/2018	27,545,000	28,043,372
20047QAE5	COMM	5.76	8/28/2015	3,712,448	3,891,203
20173QAE1	GCCFC	5.44	9/18/2017	6,000,000	6,400,080
20173WAE8	CMLT	6.05	4/22/2016	2,329,870	2,504,027
22545DAD9	CREDIT SUISSE MORTGAGE CAPITAL	5.81	8/15/2015	9,825,776	10,267,149
22545LAD1	CREDIT SUISSE MORTGAGE CAPITAL	5.31	11/20/2015	2,961,832	3,121,001
22545LAH2	CREDIT SUISSE MORTGAGE CAPITAL	5.37	1/6/2017	36,558,000	35,249,077
22545YAE1	CSMC_07-C2	5.53	3/15/2016	4,277,507	4,506,524
22546BAF7	CSMC	5.70	11/5/2016	3,212,000	3,464,624
233050AN3	DBUBS_11-LC1	3.74	6/21/2016	892,305	914,140
3136A56W1	FNMA	2.98	11/11/2021	1,700,000	1,755,126
3136A7MJ8	FNMA_12-M8	1.52	9/11/2017	2,000,000	2,001,292
3136A7MK5	FNMA_12-M8	1.80	2/26/2019	2,100,000	2,095,313
3136A9MN5	FNMA	2.30	8/25/2022	200,000	196,570
3136AHAG5	FNMA_13-M14	3.33	10/3/2023	250,000	262,894
3136AHUV0	FNMA	2.32	10/11/2018	750,000	763,892

Page 25

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
3136AJ7G5	FNMA	2.68	3/7/2021	500,000	507,826
3136AJLC8	FNMA	3.48	1/10/2024	350,000	371,703
3137A8PP7	FHLMC	4.19	11/25/2020	750,000	826,829
3137ARPY6	FHMS_19-K710	1.88	3/25/2019	10,700,000	10,697,967
3137ASNJ9	FHLMC	2.27	12/26/2021	750,000	744,345
3137ATRW4	FHLMC	2.37	4/5/2022	5,000,000	4,976,350
3137AUPF0	FHLMC_K021	1.51	10/29/2021	34,388,759	3,058,708
3137B1AZ5	FHLMC	1.87	8/26/2019	250,000	248,520
3137B2HN3	FHLMC_13-HN	3.11	1/11/2023	16,000,000	16,601,600
3137B3NA2	FREMF MORTGAGE TRUST FREMF_13-	3.25	1/22/2023	850,000	889,763
31398VJ80	FHLMC	3.40	5/17/2017	968,444	1,014,008
36159XAF7	GECMC_07-C1	5.48	3/10/2016	6,664,643	7,155,427
36192BAA5	GSMSCII_12-GC6	2.12	11/1/2020	14,557,056	1,551,549
36192PAJ5	GS MORTGAGE SECURITIES CORPORA	2.77	5/11/2022	500,000	497,060
36197XAK0	GS MORTGAGE SECURITIES TRUST G	3.14	1/25/2023	250,000	253,000
36198EAE5	GSMS_13-GC13	4.04	2/10/2023	600,000	652,926
362332AH1	GS MORTGAGE SECURITIES CORPORA	5.62	9/29/2019	8,891,000	9,119,232
36252RAT6	GSMS_14-GC18	1.29	8/6/2022	24,134,908	1,867,197
396789LL1	GCCFC	5.22	3/25/2015	2,400,000	2,425,968
46625YA37	JPMCC	5.48	2/13/2016	6,260,000	6,194,802
46625YXT5	JPMCC	5.28	10/15/2015	4,000,000	4,127,920
46629GAE8	JPMCC	5.55	9/27/2015	13,482,360	14,086,774
46629PAC2	JPMCC	5.34	1/6/2016	1,869,028	1,984,946
46629PAD0	JPMCC_06-LDP9	5.26	1/7/2016	2,889,252	3,021,811
46629YAH2	JP MORGAN CHASE COMMERICAL MOR	5.50	2/26/2017	35,446,154	35,358,673
46630EAC4	JPMCC	5.43	12/28/2015	1,334,510	1,403,411
46630JAC3	JP MORGAN CHASE COMMERCIAL MOR	5.42	2/24/2016	5,385,857	5,749,834
46630VAL6	JP MORGAN CHASE COMMERCIAL MOR	5.70	5/27/2017	39,151,000	35,589,747
46632HAD3	JPMCC	5.88	4/11/2016	2,100,000	2,273,103
46639EAB7	JPMCC_12-LC9	1.68	1/21/2018	500,000	500,635
46643ABB8	JPMBB_14-C23	3.18	9/30/2019	6,000,000	6,244,980
46643GAB6	JPMBB_14-C24	2.94	11/4/2018	900,000	927,005
46643PBB5	JPMBB_14-C25	2.95	11/15/2019	5,470,000	5,633,170
46643TAL6	JPMBB_14-C26	3.93	12/15/2024	1,300,000	1,097,567
46643TAZ5	JPMBB_14-C26	3.02	12/15/2019	4,320,000	4,435,836
50180CAG5	LB-UBS COMMERCIAL MORTGAGE TRU	5.41	1/25/2020	2,000,000	1,767,646
55312VAD0	MLCFC_06-4	5.17	11/17/2015	1,796,344	1,901,430
55312YAH5	MERRIL LYNCH COUNTRYWIDE	5.45	6/27/2019	34,020,000	33,062,167
55312YAR3	MERRIL LYNCH COUNTRYWIDE	5.45	2/13/2017	6,350,000	6,099,861
55312YBD3	MERRIL LYNCH COUNTRYWIDE	0.57	12/22/2016	67,494,312	736,295
617458AC8	MORGAN STANLEY CAPITAL	3.88	10/1/2015	3,500,000	3,569,020
61750CAF4	MSC_06-HQ9	5.73	8/15/2015	2,107,666	2,212,607
61750WAX1	MSC	5.33	11/4/2015	1,639,169	1,730,733
61753JAG4	MSC_07-IQ13	5.44	4/17/2017	25,500,000	25,891,145
61761DAB8	MSBAM_12-C6	1.87	1/15/2018	550,000	552,238

Page 26

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
61763BAV6	MSBAM_13-C13	1.23	9/19/2022	19,318,838	1,443,233
62888XAC8	NCUA	2.65	11/14/2015	8,449,153	8,640,442
90269CAD2	UBS-BARCLAYS COMMERCIAL MORTGA	3.53	1/10/2022	350,000	365,435
90349DAJ1	COMMERCIAL MORTGAGE PASS-THROU	2.13	4/5/2021	6,489,488	712,448
92890NAA7	WFRBSCMT_12-C10	1.80	10/12/2021	2,325,129	228,679
92890NAU3	WFRBS_12-C10	2.88	7/30/2022	500,000	500,175
92930RAF9	WFRBS_12-C9	2.21	4/24/2021	6,326,609	709,004
92936TAB8	WF-RBS COMMERCIAL MORTGAGE TRU	3.43	1/16/2022	500,000	520,730
92937EAD6	WF-RBS COMMERCIAL MORTGAGE TRU	3.04	8/15/2022	319,000	322,908
92937FAJ0	WFRBSCMT_13-C12	1.50	9/20/2021	3,044,079	244,108
92939FBA6	WFRBS_14-C21	1.20	3/12/2023	19,451,795	1,554,821
92976BDT6	WBCMT	5.42	6/1/2015	2,740,714	2,811,534
92976BLJ9	WBCMT	0.24	2/10/2015	294,544	293,861
92977RAD8	WACHOVIA BANK COMMERCIAL MORTG	6.01	9/18/2015	450,000	474,048
92978QBX4	WBCMT_07-C30	0.50	2/2/2017	29,583,266	285,360
94988HAC5	WFCM_12-LC5	2.92	2/25/2020	325,000	327,314
94988XAC0	WFCM_14-LC16	3.94	6/19/2024	2,500,000	2,144,210
94989AAA3	SHELL	3.96	7/16/2032	2,000,000	1,696,820
				859,409,095	$	545,684,885
Corporate Debt Securities - Financials
00084DAG5	ABN AMRO BANK NV	2.50	10/30/2018	7,000,000	$	7,069,949
001055AH5	AFLAC INC	2.65	2/15/2017	250,000	256,885
002799AL8	ABBEY NATIONAL TREASURY SERVIC	3.05	8/23/2018	7,900,000	8,160,180
002799AM6	ABBEY NATIONAL TREASURY SERVIC	1.38	3/13/2017	2,745,000	2,739,992
002799AR5	ABBEY NATIONAL TREASURY SERVIC	1.65	9/29/2017	100,000	99,734
00912XAP9	AIR LEASE CORPORATION	2.13	1/15/2018	200,000	196,957
025816AW9	AMERICAN EXPRESS COMPANY	5.50	9/12/2016	4,000,000	4,279,061
025816BG3	AMERICAN EXPRESS COMPANY	1.55	5/22/2018	9,580,000	9,437,397
0258M0DA4	AMERICAN EXPRESS CREDIT CORPOR	2.75	9/15/2015	11,000,000	11,147,620
0258M0DC0	AMERICAN EXPRESS CREDIT CORPOR	2.80	9/19/2016	250,000	257,430
0258M0DK2	AMERICAN EXPRESS CREDIT CORPOR	2.13	3/18/2019	9,000,000	8,970,698
0258M0DP1	AMERICAN EXPRESS CREDIT CORPOR	2.25	8/15/2019	3,300,000	3,291,905
02687QBC1	AMERICAN INTERNATIONAL GROUP I	5.60	10/18/2016	100,000	107,374
02687QDG0	AMERICAN INTERNATIONAL GROUP I	5.85	1/16/2018	250,000	279,395
029912BD3	AMERICAN TOWER CORPORATION	4.50	1/15/2018	250,000	264,949
03879QAB0	ARC PROPERTIES OPERATING PARTN	2.00	2/6/2017	8,125,000	7,744,520
03879QAD6	ARC PROPERTIES OPERATING PARTN	3.00	2/6/2019	100,000	92,782
046265AF1	ASTORIA FINANCIAL CORPORATION	5.00	5/19/2017	100,000	106,038
05253JAB7	AUSTRALIA & NEW ZEALAND BANKIN	0.90	2/12/2016	250,000	250,476
05253JAE1	AUSTRALIA & NEW ZEALAND BANKIN	1.25	1/10/2017	3,150,000	3,153,812
05253JAG6	AUSTRALIA & NEW ZEALAND BANKIN	2.25	6/13/2019	3,700,000	3,713,101
05531FAG8	BB&T CORP	3.20	2/16/2016	425,000	434,574
05531FAL7	BB&T CORP	1.60	8/15/2017	10,565,000	10,513,922
05531FAS2	BB&T CORP	2.45	12/15/2019	2,600,000	2,599,198
05567LT31	BNP PARIBAS SA	5.00	1/15/2021	1,500,000	1,693,372

Page 27

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
05567LU54	BNP PARIBAS SA	3.60	2/23/2016	1,155,000	1,187,363
05574LPT9	BNP PARIBAS SA	2.70	8/20/2018	160,000	163,477
05574LTX6	BNP PARIBAS SA	2.40	12/12/2018	9,375,000	9,461,065
05574LXG8	BNP PARIBAS SA	1.38	3/17/2017	7,850,000	7,837,306
05578BAB2	BPCE SA	2.50	12/10/2018	7,425,000	7,520,979
05578DAG7	BPCE SA	4.00	4/15/2024	4,825,000	5,052,229
05578DAJ1	BPCE SA	0.80	11/18/2016	6,300,000	6,304,410
05967PAE4	BANCO SANTANDER CHILE	1.13	4/11/2017	4,500,000	4,410,000
060505DH4	BANK OF AMERICA CORP	6.00	9/1/2017	10,775,000	11,909,399
06050TKN1	BANK OF AMERICA CORP	5.30	3/15/2017	250,000	268,496
06050TLR1	BANK OF AMERICA CORP	1.13	11/14/2016	1,500,000	1,493,014
06051GDX4	BANK OF AMERICA CORP	5.65	5/1/2018	2,750,000	3,049,866
06051GDZ9	BANK OF AMERICA CORP	7.63	6/1/2019	2,700,000	3,261,820
06051GEC9	BANK OF AMERICA CORP	5.63	7/1/2020	4,500,000	5,122,707
06051GED7	BANK OF AMERICA CORP	3.70	9/1/2015	6,500,000	6,615,960
06051GET2	BANK OF AMERICA CORP	2.00	1/11/2018	1,650,000	1,647,298
06051GEX3	BANK OF AMERICA CORP	2.60	1/15/2019	6,725,000	6,769,730
06051GFD6	BANK OF AMERICA CORP	2.65	4/1/2019	6,380,000	6,424,397
06051GFH7	BANK OF AMERICA CORP	4.20	8/26/2024	2,535,000	2,574,375
06366QW86	BANK OF MONTREAL	2.50	1/11/2017	1,750,000	1,794,397
06366RHA6	BANK OF MONTREAL	1.40	9/11/2017	300,000	298,978
063679JJ4	BANK OF MONTREAL	2.63	1/25/2016	6,000,000	6,125,760
063679ZT4	BANK OF MONTREAL	1.95	1/30/2017	2,600,000	2,644,850
06406HCA5	BANK OF NEW YORK MELLON CORP/T	2.40	12/17/2016	4,763,000	4,852,233
06406HCP2	BANK OF NEW YORK MELLON CORP/T	2.10	12/15/2018	250,000	250,417
06406HCU1	BANK OF NEW YORK MELLON/THE	2.20	4/15/2019	200,000	199,951
06406HCW7	BANK OF NEW YORK MELLON CORP/T	2.30	3/11/2019	4,170,000	4,177,967
064159AM8	BANK OF NOVA SCOTIA	2.55	1/12/2017	250,000	256,398
064159BE5	BANK OF NOVA SCOTIA	1.38	12/18/2017	150,000	148,685
064159BV7	BANK OF NOVA SCOTIA	0.95	3/15/2016	100,000	100,206
064159CU8	BANK OF NOVA SCOTIA	2.05	10/30/2018	140,000	139,865
064159EK8	BANK OF NOVA SCOTIA	1.25	4/11/2017	5,255,000	5,236,272
064159EX0	BANK OF NOVA SCOTIA	2.05	6/5/2019	4,300,000	4,266,435
06415CAD1	BANK OF NOVA SCOTIA	1.05	3/20/2015	1,200,000	1,201,420
06415CAE9	BANK OF NOVA SCOTIA	1.75	3/22/2017	6,000,000	6,075,300
064255AN2	BANK OF TOKYO-MITSUBISHI UFJ L	1.55	9/9/2016	3,720,000	3,733,724
064255AW2	BANK OF TOKYO MITSUBISHI UFJ L	3.75	3/10/2024	3,625,000	3,746,358
064255BC5	BANK OF TOKYO-MITSUBISHI UFJ L	2.35	9/8/2019	4,000,000	3,963,761
06739FGF2	BARCLAYS BANK PLC	5.00	9/22/2016	100,000	106,470
06739FHT1	BARCLAYS BANK PLC	2.50	2/20/2019	12,150,000	12,290,313
07330NAG0	BRANCH BKG & TR CO	1.05	12/1/2016	2,770,000	2,760,159
07330NAK1	BB&T CORP	1.35	10/1/2017	4,570,000	4,538,185
073902RU4	BEAR STEARNS COMPANIES LLC/THE	7.25	2/1/2018	8,200,000	9,465,959
12505JAA1	CBL & ASSOCIATES LP	5.25	9/1/2023	3,500,000	3,750,562
12505JAB9	CBL & ASSOCIATES LP	4.60	7/15/2024	1,160,000	1,174,823

Page 28

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
136069DM0	CANADIAN IMPERIAL BANK OF COMM	2.60	7/2/2015	10,500,000	10,619,532
136069FA4	CANADIAN IMPERIAL BANK OF COMM	1.55	12/23/2017	300,000	297,899
14040HAX3	CAPITAL ONE FINANCIAL CORP	3.15	7/15/2016	100,000	102,766
140420NE6	CAPITAL ONE BANK USA NA	2.15	11/21/2018	1,950,000	1,933,702
14042E3V0	CAPITAL ONE FIN CORP	1.50	3/22/2018	100,000	98,119
14042E4A5	CAPITAL ONE BANK USA NA	2.40	9/5/2019	5,950,000	5,870,400
14912L6D8	CATERPILLAR INC	1.25	8/18/2017	8,530,000	8,479,962
172967ES6	CITIGROUP INC	6.13	5/15/2018	8,500,000	9,591,376
172967EV9	CITIGROUP INC	8.50	5/22/2019	4,000,000	4,985,370
172967FS5	CITIGROUP INC	3.95	6/15/2016	150,000	155,613
172967GL9	CITIGROUP INC	3.38	3/1/2023	5,000,000	5,025,127
172967HC8	CITIGROUP INC	2.50	9/26/2018	4,720,000	4,760,964
172967HH7	CITIGROUP INC	0.91	11/15/2016	800,000	800,248
172967HK0	CITIGROUP INC	1.35	3/10/2017	5,025,000	5,000,243
172967HL8	CITIGROUP INC	0.78	3/10/2017	900,000	897,840
172967HM6	CITIGROUP INC	2.55	4/8/2019	200,000	201,158
172967HY0	CITIGROUP INC	1.55	8/14/2017	150,000	149,123
17401QAA9	CITIZENS BANK NA	1.60	12/4/2017	2,985,000	2,967,265
20271RAH3	COMMONWEALTH BANK AUSTRALIA	2.30	9/6/2019	250,000	250,151
20451PKM7	COMPASS BANK	1.85	9/29/2017	1,570,000	1,565,002
20451PKN5	COMPASS BANK	2.75	8/29/2019	2,300,000	2,297,307
21685WBL0	RABOBANK NEDERLAND NV	2.13	10/13/2015	5,000,000	5,056,500
21685WBT3	RABOBANK NEDERLAND NV	4.50	1/11/2021	5,000,000	5,499,326
21686CAD2	RABOBANK NEDERLAND NV	3.38	1/19/2017	4,110,000	4,286,264
21688AAA0	RABOBANK NEDERLAND NV	2.25	1/14/2019	5,250,000	5,281,117
21987AAB6	CORPBANCA	3.13	1/15/2018	200,000	198,260
22532LAJ3	CREDIT AGRICOLE SA	2.63	10/3/2018	3,000,000	3,050,447
22532LAL8	CREDIT AGRICOLE SA/LONDON	2.50	4/15/2019	3,400,000	3,426,733
22541HCC4	CREDIT SUISSE NEW YORK NY	6.00	2/15/2018	200,000	222,383
22546QAN7	CREDIT SUISSE NEW YORK NY	2.30	5/28/2019	14,300,000	14,266,525
22966RAA4	CUBESMART	4.80	4/15/2022	4,025,000	4,420,564
22966RAB2	CUBESMART LP	4.38	9/15/2023	1,200,000	1,269,565
23329PAA8	DNB BANK ASA	3.20	4/3/2017	8,825,000	9,150,532
25152RVR1	DEUTSCHE BK LDN	1.40	2/13/2017	150,000	149,908
25152RWY5	DEUTSCHE BK LDN	1.35	5/30/2017	100,000	99,506
2515A14E8	DEUTSCHE BK LDN	3.25	1/11/2016	2,780,000	2,842,986
25215BAA1	DEXIA CREDIT LOCAL/NEW YORK	1.25	10/18/2016	11,350,000	11,399,372
25466AAC5	DISCOVER BANK/GREENWOOD DE	2.00	2/21/2018	3,975,000	3,959,830
25466AAD3	DISCOVER BANK/GREENWOOD DE	4.20	8/8/2023	4,750,000	4,961,299
25600WAA8	DNB BOLIGKREDITT AS	2.10	10/14/2015	200,000	202,326
25600WAB6	DNB BOLIGKREDITT AS	2.90	3/29/2016	6,200,000	6,349,483
25600WAD2	DNB BOLIGKREDITT AS	1.45	3/21/2018	900,000	893,295
26884AAX1	ERP OPER LP	5.75	6/15/2017	150,000	164,250
316773CK4	FIFTH THIRD BANK	3.63	1/25/2016	250,000	256,734
31677QAY5	FIFTH THIRD BANK	1.15	11/18/2016	1,500,000	1,496,716

Page 29

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
31677QAZ2	FIFTH THIRD BANK	0.74	10/18/2016	2,000,000	2,004,240
31677QBB4	FIFTH THIRD BANK	2.38	3/25/2019	2,480,000	2,491,837
31677QBC2	FIFTH THIRD BANK	2.88	10/1/2021	6,000,000	5,984,934
354613AH4	FRANKLIN RESOURCES INC	1.38	9/15/2017	4,000,000	3,978,413
36962G2T0	GENERAL ELECTRIC CAPITAL CORP	5.55	5/4/2020	5,000,000	5,761,737
36962G3H5	GENERAL ELECTRIC CAPITAL CORP	5.63	9/15/2017	4,000,000	4,430,230
36962G3U6	GENERAL ELECTRIC CAPITAL CORP	5.63	5/1/2018	400,000	449,468
36962G4D3	GENERAL ELECTRIC CAPITAL CORP	6.00	8/7/2019	300,000	348,523
36962G5M2	GENERAL ELECTRIC CAPITAL CORP	2.15	1/9/2015	6,725,000	6,726,009
36962G5W0	GENERAL ELECTRIC CAPITAL CORP	2.30	4/27/2017	5,000,000	5,112,894
36962G6K5	GENERAL ELECTRIC CAPITAL CORP	1.60	11/20/2017	6,000,000	6,015,281
36962G6M1	GENERAL ELECTRIC CAPITAL CORP	1.00	12/11/2015	5,725,000	5,743,398
36962G6R0	GENERAL ELECTRIC CAPITAL CORP	1.00	1/8/2016	2,770,000	2,780,453
36962GW75	GENERAL ELECTRIC CAPITAL CORP	0.61	5/5/2026	4,000,000	3,718,120
369668AA6	GENERAL ELECTRIC CAP CORP	3.80	6/18/2019	4,000,000	4,224,219
38141EA25	GOLDMAN SACHS GROUP INC/THE	7.50	2/15/2019	9,800,000	11,662,674
38141EC49	GOLDMAN SACHS GROUP INC/THE	1.04	12/15/2017	2,000,000	1,997,040
38141GEE0	GOLDMAN SACHS GROUP INC/THE	5.35	1/15/2016	250,000	260,870
38141GRC0	GOLDMAN SACHS GROUP INC/THE	2.38	1/22/2018	300,000	302,376
38143USC6	GOLDMAN SACHS GROUP INC/THE	3.63	2/7/2016	4,650,000	4,771,370
38145XAA1	GOLDMAN SACHS GROUP INC/THE	2.63	1/31/2019	1,970,000	1,977,497
38147MAA3	GOLDMAN SACHS GROUP INC/THE	2.90	7/19/2018	930,000	948,720
38148FAB5	GOLDMAN SACHS GROUP INC/THE	2.55	10/23/2019	2,100,000	2,089,029
384780AA0	GRAIN SPECTRUM FUNDING II LLC	3.29	12/30/2032	935,000	945,645
40411EAB4	BANK OF SCOTLAND PLC	5.25	2/21/2017	5,300,000	5,725,114
40414LAF6	HCP INC	3.75	11/1/2018	300,000	314,123
40428HPH9	HSBC USA INC	1.63	1/16/2018	7,250,000	7,224,108
40428HPL0	HSBC USA INC	1.50	11/13/2017	1,000,000	996,387
40429CFN7	HSBC FINANCE CORP	5.50	1/19/2016	2,050,000	2,145,485
40429CGD8	HSBC FINANCE CORP	6.68	1/15/2021	11,000,000	13,002,304
4042Q1AC1	HSBC BANK USA NA/NEW YORK NY	6.00	8/9/2017	500,000	550,796
416518AA6	HARTFORD FINANCIAL SERVICES GR	4.00	10/15/2017	300,000	318,295
42217KAZ9	HEALTH CARE REIT INC	2.25	3/15/2018	2,685,000	2,705,207
42225UAC8	HEALTHCARE TRUST OF AMERICA HO	3.38	5/15/2021	1,325,000	1,327,993
44106MAH5	HOSPITALITY PROPERTIES TRUST	6.30	12/15/2015	100,000	104,558
446438RF2	HUNTINGTON NATIONAL BANK THE	1.30	11/20/2016	3,000,000	2,994,533
446438RG0	HUNTINGTON NATIONAL BANK THE	2.20	4/1/2019	136,000	135,036
446438RH8	HUNTINGTON NATIONAL BANK THE	1.38	4/24/2017	5,905,000	5,872,329
44841DAA0	HUTCHISON WHAMPOA FIN (CI) LTD	1.63	10/31/2017	440,000	436,220
449786AQ5	ING BANK NV	3.75	3/7/2017	3,000,000	3,141,808
45580KAB4	INDUSTRIAL & COMMERCIAL BANK O	2.35	11/13/2017	420,000	419,597
45685EAE6	VOYA FINANCIAL INC	2.90	2/15/2018	250,000	255,584
46115HAJ6	INTESA SANPAOLO SPA	3.88	1/16/2018	250,000	259,961
46625HHS2	JPMORGAN CHASE & CO	4.40	7/22/2020	3,925,000	4,244,865
46625HHX1	JPMORGAN CHASE & CO	3.45	3/1/2016	3,395,000	3,486,074

Page 30

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
46625HJA9	JPMORGAN CHASE & CO	3.15	7/5/2016	300,000	308,606
46625HJL5	JPMORGAN CHASE & CO	1.63	5/15/2018	1,955,000	1,930,816
46625HJR2	JPMORGAN CHASE & CO	2.35	1/28/2019	2,515,000	2,529,022
46625HJS0	JPMORGAN CHASE & CO	0.86	1/28/2019	10,525,000	10,524,895
472319AK8	JEFFERIES GROUP LLC	5.13	4/13/2018	300,000	317,792
47232MAA0	JEFFERIES FINANC	7.38	4/1/2020	1,000,000	930,000
48121CYK6	JPMORGAN CHASE BANK NA	6.00	10/1/2017	5,000,000	5,543,829
48126EAA5	JPMORGAN CHASE & CO	2.00	8/15/2017	9,775,000	9,867,576
48127HAA7	JPMORGAN CHASE & CO	2.20	10/22/2019	1,100,000	1,088,765
49327M2A1	KEY BANK NATIONAL ASSOCIATION	1.65	2/1/2018	6,900,000	6,867,828
49327M2F0	KEY BANK NATIONAL ASSOCIATION	2.50	12/15/2019	3,760,000	3,772,839
49427RAH5	KILROY REALTY LP	4.80	4/15/2018	200,000	215,693
49427RAK8	KILROY REALTY LP	4.25	5/15/2029	5,725,000	5,709,997
52206AAB6	LEASEPLAN CORPORATION NV	2.50	5/16/2018	1,500,000	1,480,532
534187AX7	LINCOLN NATIONAL CORPORATION	8.75	7/1/2019	100,000	125,109
53944VAA7	LLOYDS BANK PLC	2.30	11/27/2018	1,000,000	1,005,357
539473AG3	LLOYDS BANK PLC	4.88	1/21/2016	150,000	156,123
539473AQ1	LLOYDS BANK PLC	4.20	3/28/2017	100,000	105,975
55608PAE4	MACQUARIE BANK LTD	1.65	3/24/2017	1,800,000	1,802,764
55608PAH7	MACQUARIE BANK LTD	2.60	6/24/2019	4,000,000	4,025,984
564759QB7	MANUFACTURERS AND TRADERS TRUS	5.63	12/1/2016	250,000	256,374
585515AE9	MELLON FUNDING CORPORATION	5.50	11/15/2018	4,050,000	4,542,423
59018YJ69	MERRILL LYNCH & CO. INC.	6.40	8/28/2017	5,000,000	5,576,378
59156RAR9	METLIFE INC	6.82	8/15/2018	300,000	349,031
59217GBH1	METLIFE GLOBAL FUNDING INC I	1.30	4/10/2017	2,895,000	2,886,634
60682VAA8	MITSUBISHI UFJ TRUST AND BANKI	1.60	10/16/2017	3,600,000	3,572,746
60688XAA8	MIZUHO CORPORATE BANK LTD	1.30	4/16/2017	3,145,000	3,118,271
60688XAJ9	MIZUHO BANK LTD	1.70	9/25/2017	2,155,000	2,144,731
6174466Q7	MORGAN STANLEY	6.63	4/1/2018	10,850,000	12,352,601
6174467U7	MORGAN STANLEY	2.13	4/25/2018	1,275,000	1,274,537
6174467Y9	MORGAN STANLEY	4.35	9/8/2026	925,000	927,150
61746BDM5	MORGAN STANLEY	2.50	1/24/2019	1,975,000	1,980,609
61746BDR4	MORGAN STANLEY	2.38	7/23/2019	2,400,000	2,389,589
61746SBR9	MORGAN STANLEY	5.38	10/15/2015	500,000	517,235
61747YCG8	MORGAN STANLEY	7.30	5/13/2019	4,500,000	5,339,714
61747YDD4	MORGAN STANLEY	3.80	4/29/2016	4,905,000	5,060,699
61761JVL0	MORGAN STANLEY	3.70	10/23/2024	15,350,000	15,546,591
629491AB7	NYSE EURONEXT	2.00	10/5/2017	3,000,000	3,024,201
63254AAB4	NATIONAL AUSTRALIA BANK LIMITE	2.75	3/9/2017	150,000	154,647
6325C0CU3	NATIONAL AUSTRALIA BNK LIMITED	1.25	3/17/2017	4,385,000	4,378,378
63307AAA3	NATIONAL BK OF CANADA	1.45	11/7/2017	2,160,000	2,139,116
637432ML6	NATIONAL RURAL UTILITIES COOP	1.90	11/1/2015	2,765,000	2,793,203
637432MW2	NATIONAL RURAL UTILITIES COOP	1.10	1/27/2017	200,000	199,070
65535HAD1	NOMURA HOLDINGS INC	2.00	9/13/2016	250,000	251,341
65557CAH6	NORDEA BANK AB	1.25	4/4/2017	2,110,000	2,100,212

Page 31

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
681936BC3	OMEGA HEALTHCARE INVESTORS INC	4.50	1/15/2025	2,500,000	2,464,591
686330AG6	ORIX CORP	3.75	3/9/2017	100,000	103,707
693476BJ1	PNC FUNDING CORP	5.13	2/8/2020	3,000,000	3,366,439
693476BL6	PNC FUNDING CORP	4.38	8/11/2020	2,950,000	3,212,670
69349LAA6	PNC BANK NATIONAL ASSOCIATION	5.25	1/15/2017	3,000,000	3,223,211
69349LAC2	PNC BANK NATIONAL ASSOCIATION	4.88	9/21/2017	250,000	270,193
69349LAP3	PNC BANK NATIONAL ASSOCIATION	1.15	10/1/2016	9,890,000	9,886,903
69353RDD7	PNC BANK NATIONAL ASSOCIATION	2.25	6/2/2019	7,650,000	7,631,781
74341DAA2	PROLOGIS INTERNATIONAL FUNDING	4.88	2/15/2020	1,400,000	1,489,097
74387UAG6	PROVIDENT FUNDING ASSOCIATES L	6.75	6/15/2021	500,000	483,750
74432QAY1	PRUDENTIAL FINANCIAL INC	6.10	6/15/2017	100,000	110,284
74432QBW4	PRUDENTIAL FINANCIAL INC	2.30	8/15/2018	200,000	200,996
74977EPZ0	RABOBANK NEDERLAND NV	1.70	3/19/2018	2,375,000	2,370,099
78008SVD5	ROYAL BANK OF CANADA	1.50	1/16/2018	250,000	248,626
78008TLB8	ROYAL BANK OF CANADA	2.30	7/20/2016	300,000	306,003
780097AW1	ROYAL BANK OF SCOTLAND PLC THE	6.40	10/21/2019	125,000	145,059
78009PCC3	ROYAL BANK OF SCOTLAND PLC	4.38	3/16/2016	9,810,000	10,148,916
78010U4A2	ROYAL BANK OF CANADA	1.40	10/13/2017	5,000,000	4,967,542
78010UBY2	ROYAL BANK OF CANADA	1.45	9/9/2016	3,380,000	3,401,537
78010UD20	ROYAL BANK OF CANADA	1.25	6/16/2017	6,100,000	6,073,662
78011DAC8	ROYAL BANK OF CANADA	1.20	9/19/2017	9,500,000	9,441,480
78403DAB6	SBA TOWER TRUST	5.10	4/17/2017	2,300,000	2,420,911
78469BAA3	SPENCER SPIRIT HOLDINGS INC	9.00	5/1/2016	614,000	620,140
80282KAC0	SANTANDER HOLDINGS USA INC	3.45	7/27/2018	2,650,000	2,742,298
81721MAJ8	SENIOR HOUSING PROPERTIES TRUS	3.25	2/1/2019	3,675,000	3,702,177
81721MAK5	SENIOR HOUSING PROPERTIES TRUS	4.75	11/1/2023	3,475,000	3,574,861
828807CM7	SIMON PROPERTY GROUP LP	1.50	2/1/2018	14,000,000	13,892,834
828807CQ8	SIMON PROPERTY GROUP LP	2.20	11/1/2018	250,000	250,863
84650WAB2	SPAREBNK 1 BOLIG	2.63	5/27/2016	200,000	204,916
853254AS9	STANDARD CHARTERED PLC	2.40	9/8/2019	4,100,000	4,075,441
865622AV6	SUMITOMO MITSUI BANKING CORP	1.80	7/18/2017	250,000	249,818
865622AY0	SUMITOMO MITSUI BANKING CORP	1.50	1/18/2018	2,480,000	2,439,467
865622BB9	SUMITOMO MITSUI BANKING CORP	0.90	7/19/2016	2,000,000	2,009,200
86787EAP2	SUNTRUST BANKS INC	1.35	1/15/2017	1,440,000	1,439,114
867914BE2	SUNTRUST BANKS INC	3.50	12/20/2016	250,000	258,536
86960BAB8	SVENSKA HANDELSBANKEN AB	2.88	4/4/2017	5,000,000	5,165,663
86960BAE2	SVENSKA HANDELSBANKEN AB	2.50	1/25/2019	250,000	254,210
87020PAA5	SWEDBANK AB	2.13	9/29/2017	2,545,000	2,575,272
87020PAC1	SWEDBANK AB	1.75	3/12/2018	8,025,000	7,998,640
87165BAA1	SYNCHRONY FINANCIAL	1.88	7/15/2017	20,000	20,008
87165BAB9	SYNCHRONY FINANCIAL	3.00	7/15/2019	3,850,000	3,886,515
87246YAA4	TIAA ASSET MANAGEMENT FINANCE	2.95	11/1/2019	2,800,000	2,802,942
89114QAE8	TORONTO-DOMINION BANK/THE	2.38	10/19/2016	100,000	102,359
89114QAG3	TORONTO-DOMINION BANK/THE	1.40	4/30/2018	200,000	197,449
89114QAQ1	TORONTO-DOMINION BANK/THE	1.13	5/2/2017	8,000,000	7,962,495

Page 32

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
89114QAS7	TORONTO-DOMINION BANK/THE	2.13	7/2/2019	100,000	99,655
90261XBY7	UBS AG (STAMFORD BRANCH)	5.88	7/15/2016	150,000	159,784
90261XGD8	UBS AG (STAMFORD BRANCH)	4.88	8/4/2020	5,500,000	6,124,130
90261XHC9	UBS AG (STAMFORD BRANCH)	1.38	8/14/2017	5,425,000	5,391,117
90261XHE5	UBS AG (STAMFORD BRANCH)	2.38	8/14/2019	250,000	249,986
90331HMH3	US BANK NA/CINCINNATI OH	1.38	9/11/2017	6,000,000	5,972,468
90331HML4	US BANK NATIONAL ASSOCIATION	2.13	9/28/2019	3,000,000	2,982,091
90520EAC5	MUFG UNION BANK NA	3.00	6/6/2016	7,800,000	8,004,341
90520EAE1	MUFG UNION BANK NA	2.13	6/16/2017	3,400,000	3,440,441
90520EAF8	MUFG UNION BANK NA	2.25	4/6/2019	7,585,000	7,536,335
90520GAA4	MUFG UNION BANK NA	5.95	5/11/2016	250,000	265,145
90521APH5	MUFG UNION BANK NA	1.50	8/26/2016	7,020,000	7,055,722
90521APJ1	MUFG UNION BANK NA	2.63	8/26/2018	6,700,000	6,797,950
91159HHB9	US BANCORP	2.20	10/14/2016	150,000	152,728
91159HHD5	US BANCORP	1.65	4/15/2017	2,875,000	2,892,472
91159HHE3	US BANCORP	1.95	10/15/2018	100,000	100,160
91159HHF0	US BANCORP	0.72	10/15/2018	8,625,000	8,654,411
91159HHH6	US BANCORP	2.20	3/25/2019	2,390,000	2,394,220
91529YAG1	UNUM GROUP	7.13	9/30/2016	250,000	273,342
92277GAA5	VENTAS REALTY LP/CAP CRP	1.55	9/26/2016	117,000	117,444
92890HAB8	WEA FINANCE LLC /WESTFIELD UK	2.70	8/17/2019	4,895,000	4,889,304
929043AH0	VORNADO REALTY LP	2.50	6/30/2019	2,300,000	2,284,886
929903DT6	WACHOVIA CORP	5.75	6/15/2017	19,500,000	21,525,745
94974BEV8	WELLS FARGO & COMPANY	4.60	4/1/2021	3,150,000	3,506,562
94974BFD7	WELLS FARGO & COMPANY	2.10	5/8/2017	250,000	254,155
94974BFG0	WELLS FARGO & COMPANY	1.50	1/16/2018	3,850,000	3,826,582
94974BFQ8	WELLS FARGO & COMPANY	2.15	1/15/2019	5,875,000	5,884,940
94974BFU9	WELLS FARGO & COMPANY	2.13	4/22/2019	5,510,000	5,496,182
94974BGA2	WELLS FARGO & COMPANY	3.30	9/9/2024	7,300,000	7,333,617
94980VAF5	WELLS FARGO BANK NA	0.44	5/16/2016	2,550,000	2,543,013
959802AR0	WESTERN UNION CO/THE	2.88	12/10/2017	250,000	256,006
961214BV4	WESTPAC BANKING CORP	2.00	8/14/2017	3,875,000	3,926,629
961214BY8	WESTPAC BANKING CORP	0.95	1/12/2016	100,000	100,227
961214BZ5	WESTPAC BANKING CORP	1.60	1/12/2018	250,000	249,882
961214CD3	WESTPAC BANKING CORP	1.05	11/25/2016	1,135,000	1,133,975
961214CF8	WESTPAC BANKING CORP	2.25	1/17/2019	150,000	151,240
96122WAG5	WESTPAC BANKING CORP	2.00	5/21/2019	12,500,000	12,518,376
G63255AA4	MUFG CAPITAL FINANCE 1 LTD	6.35		150,000	159,180
G7S86ZBZ9	ROYAL BANK OF SCOTLAND PLC	9.50	3/16/2022	800,000	912,000
L7916MAB2	REDTOP ACQUISITION LTD	4.50	12/3/2020	1,538,375	1,515,299
LX119765	RBS WORLDPAY	5.25	11/29/2019	1,000,000	997,917
LX126290	CUNNINGHAM LINDSEY GROUP INC	5.00	12/10/2019	1,510,826	1,470,222
LX126492	CONFIE SEGUROS HOLDING II CO	6.50	11/9/2018	1,985,923	1,979,727
LX126494	CONFIE SEGUROS HOLDING II CO	10.25	5/8/2019	410,000	407,608
LX128186	OCWEN LOAN SERVICING LLC	5.00	2/15/2018	2,792,893	2,606,700

Page 33

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
LX128480	ASURION LLC	5.00	5/24/2019	2,916,195	2,869,413
LX128959	CGSC OF DELAWARE HOLDINGS CORP	5.00	4/16/2020	842,175	772,696
LX128960	CGSC OF DELAWARE HOLDINGS CORP	8.25	10/16/2020	250,000	220,000
LX129269	CAPITAL AUTOMOTIVE	6.00	4/30/2020	1,180,000	1,174,100
LX130505	AMERICAN STOCK TRANSFER & TRUS	5.75	6/26/2020	2,947,318	2,925,213
LX131403	LARCHMONT RESOURCES LLC	8.25	7/31/2019	789,980	742,581
LX133463	ASCENSUS INC	9.00	12/11/2020	750,000	741,094
LX133991	AMERICAN BEACON ADVISORS INC	4.75	11/20/2019	311,497	306,824
LX134289	WALTER INVESTMENT MANAGEMENT C	4.75	12/18/2020	2,992,443	2,693,199
LX134879	ARDEN GRP, INC.	5.25	2/19/2020	992,500	985,677
LX135662	ASURION LLC	8.50	3/3/2021	550,000	545,531
LX136119	ASSUREDPARTNERS CAPITAL INC	7.75	4/2/2022	750,000	723,750
LX136417	WALL STREET SYSTEM HOLDINGS IN	4.50	4/30/2021	1,954,545	1,921,969
LX136685	CONNOLLY CORP	5.00	5/14/2021	2,166,606	2,150,357
LX136686	CONNOLLY CORP	8.00	5/13/2022	380,000	376,200
LX139984	TRAVELPORT FINANCE LUXEMBOURG	6.00	9/2/2021	1,500,000	1,495,875
N0265JAJ2	ROYAL BANK OF SCOTLAND NV	0.94	3/9/2015	600,000	599,142
N4R205LL4	ING BANK NV	4.13	11/21/2023	12,500,000	12,678,750
				999,521,276	$	1,024,667,040
Corporate Debt Securities - Industrials
00206RAV4	AT&T INC	2.50	8/15/2015	68,000	$	68,700
00206RBC5	AT&T INC	1.60	2/15/2017	6,000,000	6,021,303
00206RBM3	AT&T INC	1.40	12/1/2017	8,450,000	8,359,259
00206RCA8	AT&T INC	2.38	11/27/2018	1,825,000	1,839,877
00287YAJ8	ABBVIE INC	1.75	11/6/2017	200,000	199,843
00289WAA9	ABENGOA SA CLASS B	6.50	10/1/2019	1,000,000	872,500
00507UAB7	ACTAVIS FUNDING SCS	1.30	6/15/2017	2,045,000	2,014,337
00766TAA8	AECOM	5.75	10/15/2020	75,000	77,535
00817YAL2	AETNA INC	1.50	11/15/2017	2,140,000	2,120,431
00817YAN8	AETNA INC	2.20	3/15/2019	150,000	149,364
00846UAG6	AGILENT TECH INC	5.00	7/15/2020	1,140,000	1,243,023
009158AP1	AIR PRODUCTS AND CHEMICALS INC	4.38	8/21/2019	5,250,000	5,701,049
009363AN2	AIRGAS INC	1.65	2/15/2018	100,000	98,559
01609WAB8	ALIBABA GROUP HOLDING LTD	2.50	11/28/2019	2,254,000	2,219,498
02076XAG7	ALPHA NATURAL RESOURCES INC	7.50	8/1/2020	1,000,000	645,000
021441AE0	ALTERA CORPORATION	2.50	11/15/2018	150,000	151,070
02154VAA9	ALTICE SA	7.75	5/15/2022	750,000	750,000
023135AH9	AMAZON.COM INC	1.20	11/29/2017	150,000	147,545
02364WAX3	AMERICA MOVIL SAB DE CV	5.00	10/16/2019	100,000	110,990
02665WAC5	AMERICAN HONDA FINANCE CORPORA	2.13	10/10/2018	200,000	200,859
02666QD75	AMERICAN HONDA FINANCE CORPORA	7.63	10/1/2018	1,803,000	2,159,907
02666QM26	AMERICAN HONDA FINANCE CORPORA	1.60	2/16/2018	1,170,000	1,164,820
03073EAK1	AMERISOURCEBERGEN CORPORATION	1.15	5/15/2017	14,630,000	14,518,477
031162BF6	AMGEN INC	2.30	6/15/2016	150,000	152,247
031162BL3	AMGEN INC	2.50	11/15/2016	2,835,000	2,895,157

Page 34

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
031162BR0	AMGEN INC	1.25	5/22/2017	100,000	99,233
031162BU3	AMGEN INC	2.20	5/22/2019	125,000	124,035
032095AD3	AMPHENOL CORPORATION	1.55	9/15/2017	50,000	49,698
032511AX5	ANADARKO PETROLEUM CORPORATION	5.95	9/15/2016	250,000	268,095
032801AA0	ANCESTRY.COM HOLDINGS LLC	9.63	10/15/2018	1,000,000	980,000
03523TBA5	ANHEUSER-BUSCH INBEV WORLDWIDE	2.88	2/15/2016	6,000,000	6,140,280
03523TBN7	ANHEUSER-BUSCH INBEV WORLDWIDE	1.38	7/15/2017	5,000,000	4,999,616
035242AE6	ANHEUSER-BUSCH INBEV FINANCE I	2.15	2/1/2019	200,000	200,341
037411AS4	APACHE CORP	5.63	1/15/2017	200,000	215,207
037411BB0	APACHE CORP	1.75	4/15/2017	2,000,000	1,995,104
037833AH3	APPLE INC	0.45	5/3/2016	9,625,000	9,588,126
037833AJ9	APPLE INC	1.00	5/3/2018	450,000	441,744
037833AM2	APPLE INC	1.05	5/5/2017	100,000	99,932
037833AQ3	APPLE INC	2.10	5/6/2019	4,545,000	4,581,575
03834AAA1	APPROACH RESOURCES INC	7.00	6/15/2021	1,000,000	757,500
039483AY8	ARCHER-DANIELS-MIDLAND COMPANY	5.45	3/15/2018	2,884,000	3,217,131
042735BB5	ARROW ELECTRONICS INC	3.00	3/1/2018	75,000	76,695
046353AB4	ASTRAZENECA PLC	5.90	9/15/2017	150,000	167,737
05330KAA3	AUTOPISTAS METROPOLITANAS DE P	6.75	6/30/2035	860,000	698,750
05351LAA5	AVANTI COMMUNICATIONS GROUP PL	10.00	10/1/2019	1,000,000	945,000
054303AY8	AVON PRODUCTS INC	2.38	3/15/2016	5,600,000	5,544,884
05542HAA4	BC MOUNTAIN LLC / BC MOUNTAIN	7.00	2/1/2021	500,000	428,750
05542YAA7	B COMMUNICATIONS LTD	7.38	2/15/2020	1,000,000	1,057,000
055451AP3	BHP BILLITON FINANCE (USA) LTD	1.63	2/24/2017	250,000	252,036
05565QBY3	BP CAPITAL MARKETS PLC	1.85	5/5/2017	7,300,000	7,352,988
05565QCE6	BP CAPITAL MARKETS PLC	1.38	5/10/2018	200,000	196,112
05565QCG1	BP CAPITAL MARKETS PLC	2.24	9/26/2018	7,000,000	7,016,142
05565QCR7	BP CAPITAL MARKETS PLC	2.24	5/10/2019	6,500,000	6,441,420
056752AC2	BAIDU INC	3.25	8/6/2018	200,000	204,047
067901AB4	BARRICK GOLD CORPORATION	6.95	4/1/2019	150,000	170,540
071813BH1	BAXTER INTERNATIONAL INC.	0.95	6/1/2016	200,000	199,669
07274EAB9	BAYER US FINANCE LLC	1.50	10/6/2017	1,395,000	1,393,937
07274EAD5	BAYER US FINANCE LLC	2.38	10/8/2019	14,490,000	14,534,683
075887BD0	BECTON DICKINSON AND COMPANY	1.80	12/15/2017	4,064,000	4,072,381
075887BE8	BECTON DICKINSON AND COMPANY	2.67	12/15/2019	100,000	101,062
075896AB6	BED BATH & BEYOND INC.	4.92	2/1/2034	625,000	642,045
093645AG4	BLOCK COMMUNICATIONS INC.	7.25	2/1/2018	750,000	765,000
097023BC8	BOEING CO	3.75	11/20/2016	150,000	157,462
101137AM9	BOSTON SCIENTIFIC CORPORATION	2.65	10/1/2018	3,200,000	3,210,627
109641AF7	BRINKER INTERNATIONAL INC.	2.60	5/15/2018	3,703,000	3,703,024
110122AS7	BRISTOL-MYERS SQUIBB CO	0.88	8/1/2017	100,000	98,979
111013AM0	BRITISH SKY BROADCASTING GRP P	2.63	9/16/2019	2,345,000	2,341,755
111021AK7	BRITISH TELECOMMUNICATIONS PLC	2.35	2/14/2019	200,000	199,405
12008RAG2	BUILDERS FIRSTSOURCE INC	7.63	6/1/2019	750,000	765,000
12508EAA9	CDK GLOBAL INC	3.30	10/15/2019	5,350,000	5,273,763

Page 35

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
12516UAD7	CEMEX FINANCE LLC	6.00	4/1/2024	2,000,000	1,960,000
12626PAG8	CRH AMERICA INC.	6.00	9/30/2016	250,000	268,745
126408GM9	CSX CORPORATION	6.25	3/15/2018	300,000	340,094
126650BQ2	CVS CAREMARK CORP	6.94	10/22/2023	1,823,586	2,216,256
126650CB4	CVS HEALTH CORP	2.25	11/5/2018	250,000	251,016
127055AJ0	CABOT CORP	2.55	1/15/2018	150,000	151,980
12800UAL4	CAISSE CENTRALE DESJARDINS	1.60	3/6/2017	6,000,000	6,058,440
13342BAK1	CAMERON INTERNATIONAL CORP	1.15	12/15/2016	63,000	62,064
134429AV1	CAMPBELL SOUP COMPANY	3.05	7/15/2017	200,000	206,792
136375BY7	CANADIAN NTL RAIL CO	0.43	11/6/2015	2,525,000	2,525,808
136385AK7	CANADIAN NATURAL RESOURCES LTD	5.70	5/15/2017	250,000	272,176
136385AU5	CANADIAN NATURAL RESOURCES LTD	1.75	1/15/2018	5,060,000	4,980,826
14170TAL5	CAREFUSION CORP	1.45	5/15/2017	1,940,000	1,927,505
141781AY0	CARGILL INC	4.31	5/14/2021	1,250,000	1,357,348
141781BA1	CARGILL INC	1.90	3/1/2017	6,000,000	6,066,585
141781BB9	CARGILL INC	3.30	12/1/2021	4,000,000	4,106,226
143658AY8	CARNIVAL CORP	1.88	12/15/2017	250,000	247,993
14912L5E7	CATERPILLAR INC	1.63	6/1/2017	6,000,000	6,037,934
14912L5H0	CATERPILLAR INC	0.70	11/6/2015	2,070,000	2,072,567
14912L5J6	CATERPILLAR INC	1.25	11/6/2017	150,000	149,298
14912L5T4	CATERPILLAR INC	2.45	9/6/2018	150,000	152,921
14912L5Z0	CATERPILLAR INC	1.00	3/3/2017	200,000	199,238
14912L6B2	CATERPILLAR INC	2.10	6/9/2019	150,000	149,709
14987BAD5	CC HLD V	2.38	12/15/2017	100,000	101,147
14987BAE3	CC HLD V	3.85	4/15/2023	1,000,000	998,207
151020AG9	CELGENE CORPORATION	1.90	8/15/2017	2,865,000	2,875,358
151191AQ6	CELULOSA ARAUCO Y CONSTITUCION	7.25	7/29/2019	75,000	87,750
166764AA8	CHEVRON CORP	1.10	12/5/2017	150,000	148,819
166764AE0	CHEVRON CORP	1.72	5/24/2018	300,000	301,108
166764AN0	CHEVRON CORP	2.19	10/15/2019	9,900,000	9,907,601
17275RAC6	CISCO SYSTEMS INC	5.50	2/22/2016	3,235,000	3,410,162
17275RAK8	CISCO SYSTEMS INC	3.15	3/14/2017	2,500,000	2,606,789
17275RAN2	CISCO SYSTEMS INC	3.63	3/4/2024	4,050,000	4,240,365
17275RAR3	CISCO SYSTEMS INC	2.13	3/1/2019	5,000,000	5,013,653
17302XAJ5	CITGO PETROLEUM CORPORATION	6.25	8/15/2020	450,000	456,750
191216AU4	COCA-COLA COMPANY (THE)	1.80	9/1/2016	100,000	101,572
191216BD1	COCA-COLA COMPANY (THE)	0.75	11/1/2016	1,655,000	1,649,354
191216BF6	COCA-COLA COMPANY (THE)	1.65	11/1/2018	250,000	249,543
20030NAL5	COMCAST CORPORATION	5.90	3/15/2016	7,650,000	8,104,808
20030NAR2	COMCAST CORPORATION	5.88	2/15/2018	4,350,000	4,889,133
20467BAA7	COMPRESSCO PARTNERS LP / COMPR	7.25	8/15/2022	515,000	442,900
205887BP6	CONAGRA FOODS INC	1.30	1/25/2016	66,000	66,085
205887BQ4	CONAGRA FOODS INC	1.90	1/25/2018	225,000	223,541
20825CAR5	CONOCOPHILLIPS	5.75	2/1/2019	2,000,000	2,266,915
20826FAB2	CONOCOPHILLIPS CO	1.05	12/15/2017	250,000	245,837

Page 36

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
20826FAE6	CONOCOPHILLIPS CO	2.88	11/15/2021	2,240,000	2,228,798
21079UAA3	CONTINENTAL AIRLINES 2009 2 PA	7.25	4/2/2020	3,873,258	4,444,564
22160KAE5	COSTCO WHOLESALE CORPORATION	1.13	12/15/2017	6,150,000	6,105,075
22822RAZ3	CROWN CASTLE TOWERS LLC	4.88	8/15/2040	5,250,000	5,845,725
233851AT1	DAIMLER FINANCE NORTH AMERICA	1.25	1/11/2016	3,910,000	3,920,845
235851AL6	DANAHER CORPORATION	2.30	6/23/2016	200,000	203,425
24422EQF9	JOHN DEERE CAPITAL CORP	5.50	4/13/2017	2,070,000	2,268,960
24422ERN1	JOHN DEERE CAPITAL CORP	1.40	3/15/2017	100,000	100,242
24422ERW1	JOHN DEERE CAPITAL CORP	1.20	10/10/2017	200,000	198,547
24422ESF7	JOHN DEERE CAPITAL CORP	1.95	12/13/2018	200,000	200,156
24422ESN0	JOHN DEERE CAPITAL CORP	1.13	6/12/2017	4,855,000	4,835,985
24422ESR1	JOHN DEERE CAPITAL CORP	1.55	12/15/2017	6,400,000	6,402,020
247361ZH4	DELTA AIR LINES INC	4.95	2/24/2018	101,741	108,354
24736TAA5	DELTA AIR LINES INC	7.75	6/17/2021	1,129,021	1,298,374
25156PAN3	DEUTSCHE TELEKOM INTERNATIONAL	6.00	7/8/2019	1,250,000	1,442,451
25179MAT0	DEVON ENERGY CORPORATION	2.25	12/15/2018	3,200,000	3,175,281
25243YAR0	DIAGEO CAPITAL PLC	1.50	5/11/2017	3,000,000	3,004,980
25243YAS8	DIAGEO CAPITAL PLC	0.63	4/29/2016	2,260,000	2,248,904
25271CAL6	DIAMOND OFFSHORE DRILLING INC.	5.70	10/15/2039	2,000,000	1,899,030
25459HAV7	DIRECTV HOLDINGS LLC	3.13	2/15/2016	1,385,000	1,414,963
25459HBE4	DIRECTV HOLDINGS LLC	2.40	3/15/2017	150,000	152,820
25468PCG9	WALT DISNEY COMPANY (THE)	6.00	7/17/2017	150,000	167,671
25468PCV6	WALT DISNEY COMPANY (THE)	1.10	12/1/2017	6,100,000	6,060,099
25468PCZ7	WALT DISNEY COMPANY (THE)	0.88	5/30/2017	6,515,000	6,483,359
25468PDA1	WALT DISNEY COMPANY (THE)	1.85	5/30/2019	100,000	99,553
260543BX0	DOW CHEMICAL COMPANY (THE)	8.55	5/15/2019	200,000	248,347
263534BT5	EI DU PONT DE NEMOURS & CO	6.00	7/15/2018	200,000	227,351
26875PAD3	EOG RESOURCES INC	5.63	6/1/2019	200,000	225,210
26884TAK8	ERAC USA FINANCE LLC	2.80	11/1/2018	2,995,000	3,057,415
278062AB0	EATON CORPORATION	1.50	11/2/2017	250,000	248,221
278642AG8	EBAY INC.	1.35	7/15/2017	6,625,000	6,570,984
278642AH6	EBAY INC.	2.20	8/1/2019	100,000	98,682
29276KAT8	ENERGY XXI GULF	6.88	3/15/2024	2,000,000	1,070,000
29358QAA7	ENSCO PLC	4.70	3/15/2021	1,525,000	1,522,962
29358QAC3	ENSCO PLC	4.50	10/1/2024	1,500,000	1,451,129
29379VAA1	ENTERPRISE PRODUCTS OPERATING	6.30	9/15/2017	200,000	223,041
29379VBD4	ENTERPRISE PRODUCTS OPERATING	2.55	10/15/2019	100,000	98,947
29414DAA8	ENVISION HEALTHCARE CORP	5.13	7/1/2022	2,000,000	1,995,000
30219GAD0	EXPRESS SCRIPTS HOLDING CO	2.65	2/15/2017	300,000	307,000
30219GAH1	EXPRESS SCRIPTS HOLDING CO	2.25	6/15/2019	200,000	197,853
30227CAB3	EXTERRAN PTNRS LP / EXLP FIN C	6.00	4/1/2021	1,500,000	1,335,000
30231GAA0	EXXON MOBIL CORP	0.92	3/15/2017	125,000	125,664
30231GAD4	EXXON MOBIL CORP	1.82	3/15/2019	100,000	99,529
30249UAA9	FMC TECHNOLOGIES INC	2.00	10/1/2017	150,000	148,295
31620MAL0	FIDELITY NATIONAL INFORMATION	1.45	6/5/2017	2,275,000	2,259,948

Page 37

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
337738AG3	FISERV INC	6.80	11/20/2017	50,000	56,577
337738AK4	FISERV INC	3.13	6/15/2016	200,000	205,309
345397VP5	FORD MOTOR CREDIT COMPANY LLC	6.63	8/15/2017	200,000	223,079
345397VT7	FORD MOTOR CREDIT COMPANY LLC	5.00	5/15/2018	6,250,000	6,780,404
345397WD1	FORD MOTOR CREDIT COMPANY LLC	3.00	6/12/2017	200,000	205,142
345397WJ8	FORD MOTOR CREDIT COMPANY LLC	1.70	5/9/2016	2,045,000	2,053,252
345397WL3	FORD MOTOR CREDIT COMPANY LLC	2.88	10/1/2018	200,000	203,124
345397WY5	FORD MOTOR CREDIT COMPANY LLC	2.60	11/4/2019	1,925,000	1,911,181
35671DBD6	FREEPORT-MCMORAN INC	2.38	3/15/2018	200,000	197,250
35671DBK0	FREEPORT-MCMORAN INC	2.30	11/14/2017	2,800,000	2,792,298
361448AP8	GATX CORP	2.38	7/30/2018	93,000	93,144
362251AA8	GRD HOLDING III CORP	10.75	6/1/2015	1,000,000	1,095,000
369604BE2	GENERAL ELECTRIC CO	0.85	10/9/2015	3,615,000	3,624,544
370334BH6	GENERAL MILLS INC	5.65	2/15/2019	200,000	226,572
370334BV5	GENERAL MILLS INC	2.20	10/21/2019	3,725,000	3,693,664
375558AQ6	GILEAD SCIENCES INC	4.50	1/1/2021	2,500,000	2,744,249
375558AV5	GILEAD SCIENCES INC	2.05	4/1/2019	3,725,000	3,722,541
375558AY9	GILEAD SCIENCES INC	2.35	2/1/2020	815,000	816,281
377372AD9	GLAXOSMITHKLINE CAPITAL INC	5.65	5/15/2018	200,000	225,224
377373AC9	GLAXOSMITHKLINE CAPITAL PLC	1.50	5/8/2017	7,250,000	7,287,148
378272AE8	GLENCORE FUNDING LLC	1.59	1/15/2019	1,550,000	1,576,180
380956AF9	GOLDCORP INC	3.63	4/9/2021	2,300,000	2,297,265
381131AA9	GOLDEN NUGGET ESCROW INC	8.50	12/1/2021	750,000	716,250
406216BB6	HALLIBURTON COMPANY	1.00	8/1/2016	2,480,000	2,467,290
406216BC4	HALLIBURTON COMPANY	2.00	8/1/2018	150,000	148,684
427093AH2	HERCULES OFFSHORE INC	7.50	10/1/2021	500,000	220,000
42809HAE7	AMERADA HESS CORP	1.30	6/15/2017	67,000	65,677
428236AS2	HEWLETT-PACKARD COMPANY	5.50	3/1/2018	150,000	164,786
428236BW2	HEWLETT-PACKARD COMPANY	2.60	9/15/2017	250,000	254,396
437076AP7	HOME DEPOT INC	5.40	3/1/2016	200,000	210,713
438516AZ9	HONEYWELL INTERNATIONAL INC	5.00	2/15/2019	150,000	167,680
444859BC5	HUMANA INC	2.63	10/1/2019	2,875,000	2,873,521
448055AC7	HUSKY ENERGY INC.	6.20	9/15/2017	100,000	109,674
452308AU3	ILLINOIS TOOL WORKS INC	1.95	3/1/2019	150,000	149,963
45687AAL6	INGERSOLL-RAND GLOBAL HOLDING	2.88	1/15/2019	150,000	152,055
458140AH3	INTEL CORPORATION	1.95	10/1/2016	6,100,000	6,202,592
458140AL4	INTEL CORPORATION	1.35	12/15/2017	9,275,000	9,240,425
459200GM7	INTERNATIONAL BUSINESS MACHINE	7.63	10/15/2018	200,000	240,390
459200GX3	INTERNATIONAL BUSINESS MACHINE	1.95	7/22/2016	350,000	356,012
459200HG9	INTERNATIONAL BUSINESS MACHINE	1.88	8/1/2022	4,000,000	3,729,455
459200HM6	INTERNATIONAL BUSINESS MACHINE	1.63	5/15/2020	6,000,000	5,735,802
459200HT1	INTERNATIONAL BUSINESS MACHINE	1.95	2/12/2019	100,000	99,779
460146CA9	INTERNATIONAL PAPER CO	7.95	6/15/2018	150,000	176,196
460690BJ8	INTERPUBLIC GRP OF CO INC	2.25	11/15/2017	100,000	100,056
46122XAA1	INTREPID AVIATION GROUP HOLDIN	6.88	2/15/2019	1,000,000	970,000

Page 38

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
478160BG8	JOHNSON & JOHNSON	1.65	12/5/2018	200,000	199,626
478160BL7	JOHNSON & JOHNSON	1.13	11/21/2017	100,000	99,426
482480AF7	KLA-TENCOR CORP	5.65	7/1/2034	2,000,000	2,060,568
487836BE7	KELLOGG COMPANY	3.25	5/21/2018	250,000	260,137
494368BN2	KIMBERLY-CLARK CORPORATION	1.90	5/22/2019	200,000	199,613
50075NAV6	MONDELEZ INTERNATIONAL INC	6.13	8/23/2018	185,000	210,435
50075NBB9	MONDELEZ INTERNATIONAL INC	4.13	2/9/2016	150,000	155,008
501044CU3	KROGER CO (THE)	1.20	10/17/2016	100,000	99,773
501044CW9	KROGER CO (THE)	2.30	12/15/2018	175,000	174,758
501044CZ2	KROGER CO (THE)	2.95	11/1/2021	945,000	934,836
502413BB2	L-3 COMMUNICATIONS CORP	3.95	11/15/2016	150,000	156,395
502413BC0	L-3 COMMUNICATIONS CORP	1.50	5/28/2017	2,275,000	2,248,476
50540RAK8	LABORATORY CORP OF AMER HLDGS	2.20	8/23/2017	150,000	150,659
523768AF6	LEE ENTERPRISES, INC	9.50	3/15/2020	1,000,000	1,026,250
532457BF4	ELI LILLY AND COMPANY	1.95	3/15/2019	100,000	99,975
54238XAA6	LONESTAR RESOURCES AMERICA INC	8.75	4/15/2019	1,000,000	690,000
544152AF8	LORILLARD TOBACCO CO	2.30	8/21/2017	150,000	150,652
552081AG6	LYONDELLBASELL INDUSTRIES NV	5.00	1/15/2019	4,000,000	4,340,857
559417AA8	MAGNETATION LLC / MAGNETATION	11.00	5/15/2018	1,000,000	690,000
571903AJ2	MARRIOTT INTERNATIONAL INC	3.00	12/1/2018	200,000	205,397
577081AX0	MATTEL INC	1.70	3/15/2018	100,000	98,829
58013MEB6	MCDONALDS CORP	5.80	10/15/2017	100,000	111,472
581557AY1	MCKESSON CORP	0.95	12/4/2015	1,250,000	1,252,552
581557BB0	MCKESSON CORP	1.29	3/10/2017	100,000	99,578
581557BD6	MCKESSON CORP	2.28	3/15/2019	100,000	99,672
58155QAF0	MCKESSON CORP	1.40	3/15/2018	2,300,000	2,258,794
585055AU0	MEDTRONIC INC	2.63	3/15/2016	200,000	203,937
585055BA3	MEDTRONIC INC	1.38	4/1/2018	1,400,000	1,382,192
585055BF2	MEDTRONIC INC	2.50	3/15/2020	7,450,000	7,491,433
585055BK1	MEDTRONIC INC	1.50	3/15/2018	4,000,000	3,982,687
585055BM7	MEDTRONIC INC	3.50	3/15/2025	1,200,000	1,228,649
58933YAB1	MERCK & CO INC	2.25	1/15/2016	150,000	152,515
58933YAG0	MERCK & CO INC	1.30	5/18/2018	800,000	792,669
594064AA5	MICHAEL BAKER INTERNATIONAL LL	8.25	10/15/2018	1,000,000	997,500
594918AP9	MICROSOFT CORP	0.88	11/15/2017	200,000	198,006
59563KAA8	MIDAS INTERMEDIATE HOLDCO II L	7.88	10/1/2022	800,000	774,000
61166WAR2	MONSANTO COMPANY	1.15	6/30/2017	150,000	148,980
61166WAS0	MONSANTO COMPANY	2.13	7/15/2019	3,300,000	3,281,435
626717AE2	MURPHY OIL CORP	2.50	12/1/2017	100,000	98,394
628530AW7	MYLAN INC/PA	1.80	6/24/2016	1,735,000	1,743,911
628530AX5	MYLAN INC/PA	2.60	6/24/2018	1,500,000	1,510,991
63946BAD2	NBCUNIVERSAL MEDIA LLC	5.15	4/30/2020	3,000,000	3,387,000
63946BAE0	NBCUNIVERSAL MEDIA LLC	4.38	4/1/2021	6,250,000	6,876,899
63946BAH3	NBCUNIVERSAL MEDIA LLC	2.88	1/15/2023	5,000,000	4,968,391
63946CAB4	NBCUNIVERSAL ENTERPRISE INC	0.92	4/15/2018	2,250,000	2,268,720

Page 39

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
63946CAD0	NBCUNIVERSAL ENTERPRISE INC	1.97	4/15/2019	1,900,000	1,878,190
64110DAC8	NETAPP INC	2.00	12/15/2017	3,000,000	3,006,053
652482BT6	21ST CENTURY FOX AMERICA INC	6.90	3/1/2019	150,000	176,567
664784AA3	NORTHERN BLIZZARD RESOURCES IN	7.25	2/1/2022	500,000	406,250
666807BA9	NORTHROP GRUMMAN CORP	5.05	8/1/2019	150,000	165,943
66989GAA8	NOVARTIS SECURITIES INVEST LTD	5.13	2/10/2019	250,000	280,598
67054LAA5	NUMERICABLE GROUP SA	4.88	5/15/2019	2,000,000	1,982,500
674599CD5	OCCIDENTAL PETROLEUM CORPORATI	1.50	2/15/2018	250,000	245,592
68268NAF0	ONEOK PARTNERS LP	3.25	1/1/2016	250,000	254,507
68389XAC9	ORACLE CORPORATION	5.75	4/15/2018	1,405,000	1,585,933
68389XAN5	ORACLE CORPORATION	1.20	10/15/2017	2,500,000	2,480,978
68389XAQ8	ORACLE CORPORATION	2.38	1/15/2019	350,000	355,667
68389XAX3	ORACLE CORPORATION	2.25	10/8/2019	6,725,000	6,738,229
68389XBA2	ORACLE CORPORATION	2.80	7/8/2021	13,500,000	13,599,832
68402LAC8	ORACLE CORPORATION	5.25	1/15/2016	100,000	104,778
685218AA7	ORANGE SA	2.75	2/6/2019	100,000	101,333
69371RL20	PACCAR FINANCIAL CORP	0.80	2/8/2016	175,000	175,042
69371RM29	PACCAR FINANCIAL CORP	2.20	9/15/2019	6,000,000	6,003,656
705010AB2	PEARSON DOLLAR FINANCE TWO PLC	6.25	5/6/2018	2,000,000	2,232,080
709599AJ3	PENSKE TRUCK LEASING CO	2.50	3/15/2016	6,775,000	6,865,500
713448BJ6	PEPSICO INC	7.90	11/1/2018	150,000	182,623
713448CE6	PEPSICO INC	0.70	2/26/2016	150,000	149,780
713448CK2	PEPSICO INC	2.25	12/7/2018	125,000	126,623
714264AD0	PERNOD-RICARD SA	4.45	1/15/2022	7,000,000	7,468,398
714294AB1	PERRIGO CO LTD	1.30	11/8/2016	3,450,000	3,435,665
71647NAG4	PETROBRAS INT BRASPETRO BV	3.25	3/17/2017	1,400,000	1,321,864
717081DB6	PFIZER INC	6.20	3/15/2019	325,000	377,843
717081DD2	PFIZER INC	0.90	1/15/2017	3,245,000	3,232,076
717081DJ9	PFIZER INC	1.10	5/15/2017	150,000	149,378
718172AA7	PHILIP MORRIS INTERNATIONAL IN	5.65	5/16/2018	10,850,000	12,209,391
718172AJ8	PHILIP MORRIS INTERNATIONAL IN	2.50	5/16/2016	6,000,000	6,132,690
718172AS8	PHILIP MORRIS INTERNATIONAL IN	1.13	8/21/2017	7,753,000	7,702,050
718172BN8	PHILIP MORRIS INTERNATIONAL IN	1.25	11/9/2017	1,000,000	993,607
718546AL8	PHILLIPS 66	4.88	5/15/2044	2,250,000	2,259,817
723787AG2	PIONEER NAT RES CO	6.65	3/15/2017	1,220,000	1,328,497
72447XAC1	PITNEY BOWES INC.	5.75	9/15/2017	53,000	57,362
726505AP5	PLAINS EXPORATION & PRODUCTION	6.88	2/15/2018	2,979,000	3,299,242
737446AE4	POST HOLDINGS INC	6.75	12/1/2021	750,000	733,125
73755LAJ6	POTASH CORPORATION OF SASKETCH	3.25	12/1/2017	100,000	104,165
740189AK1	PRECISION CASTPARTS CORP	1.25	1/15/2018	150,000	148,100
741503AT3	PRICELINE GROUP INC	0.90	9/15/2021	450,000	431,186
742718DQ9	PROCTER & GAMBLE COMPANY	3.15	9/1/2015	35,000	35,615
742718ED7	PROCTER & GAMBLE COMPANY	0.75	11/4/2016	2,610,000	2,602,480
742718EE5	PROCTER & GAMBLE COMPANY	1.60	11/15/2018	250,000	248,793
74913GAT2	QWEST CORP	6.50	6/1/2017	200,000	219,000

Page 40

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
75040PAQ1	RADIO ONE, INC.	9.25	2/15/2020	725,000	638,000
751212AA9	RALPH LAUREN CORP	2.13	8/26/2018	5,325,000	5,335,348
767201AC0	RIO TINTO FINANCE (USA) LTD	6.50	7/15/2018	125,000	142,945
767201AJ5	RIO TINTO FINANCE (USA) LTD	1.88	11/2/2015	1,935,000	1,952,009
76720AAL0	RIO TINTO FINANCE (USA) PLC	1.38	6/17/2016	100,000	100,313
76720AAM8	RIO TINTO FINANCE (USA) PLC	2.25	11/14/2018	150,000	149,965
771196BA9	ROCHE HOLDINGS INC	2.25	8/30/2019	6,000,000	6,030,169
774341AD3	ROCKWELL COLLINS INC.	0.59	12/15/2016	4,950,000	4,950,792
776696AD8	ROPER IND, INC.	1.85	11/15/2017	100,000	99,782
78355HJR1	RYDER SYSTEM INC.	3.50	6/1/2017	5,875,000	6,120,306
78355HJS9	RYDER SYSTEM INC.	2.50	2/1/2017	350,000	356,586
78403DAG5	SBA TOWER TRUST	2.90	10/15/2018	3,005,000	3,012,873
790849AH6	ST JUDE MEDICAL INC	2.50	1/15/2016	5,000,000	5,078,455
801060AB0	SANOFI	1.25	4/10/2018	5,225,000	5,166,960
806854AA3	SCHLUMBERGER GER INV	1.95	9/14/2016	1,950,000	1,979,595
80685PAC2	SCHLUMBERGER NORGE AS	1.95	9/14/2016	2,700,000	2,736,391
81180WAJ0	SEAGATE HDD CAYMAN	3.75	11/15/2018	150,000	153,938
81663NAA5	SEMICONDUCTOR MANUFACTURING IN	4.13	10/7/2019	200,000	198,866
822582AJ1	SHELL INTERNATIONAL FINANCE BV	4.30	9/22/2019	150,000	164,017
822582AW2	SHELL INTERNATIONAL FINANCE BV	1.90	8/10/2018	100,000	100,291
822582AZ5	SHELL INTERNATIONAL FINANCE BV	0.90	11/15/2016	150,000	149,478
824348AP1	SHERWIN-WILLIAMS COMPANY (THE)	1.35	12/15/2017	100,000	98,915
83577UAA0	SOPHIA LP/SOPHIA FINANCE INC	9.63	12/1/2016	285,000	287,138
844741AX6	SOUTHWEST AIRLINES CO.	5.13	3/1/2017	250,000	267,701
851783AB6	SPRINGS IND INC	6.25	6/1/2021	1,000,000	977,500
855244AD1	STARBUCKS CORP	3.85	7/1/2023	6,000,000	6,392,229
855244AE9	STARBUCKS CORP	0.88	12/5/2016	107,000	106,485
86803UAB7	SUNTORY HOLDINGS LTD	2.55	9/29/2019	5,775,000	5,773,355
871503AJ7	SYMANTEC CORP	2.75	5/15/2017	100,000	101,197
871829AR8	SYSCO CORP	1.45	10/2/2017	2,775,000	2,769,166
871829AS6	SYSCO CORP	2.35	9/2/2019	5,050,000	5,075,355
87612EAS5	TARGET CORPORATION	6.00	1/15/2018	200,000	226,004
878742AX3	TECK RESOURCES LTD	2.50	2/1/2018	150,000	146,481
87938WAJ2	TELEFONICA EMISIONES SAU	4.95	1/15/2015	8,500,000	8,508,670
87938WAN3	TELEFONICA EMISIONES SAU	3.99	2/16/2016	100,000	102,850
87938WAQ6	TELEFONICA EMISIONES SAU	3.19	4/27/2018	150,000	154,224
87938WAS2	TELEFONICA EMISIONES SAU	0.90	6/23/2017	4,550,000	4,544,222
88032WAB2	TENCENT HOLDINGS LIMITED	3.38	5/2/2019	1,400,000	1,421,039
882508AR5	TEXAS INSTRUMENTS INCORPORATED	2.38	5/16/2016	100,000	102,041
883556BA9	THERMO FISHER SCIENTIFIC INC	2.25	8/15/2016	100,000	101,523
883556BD3	THERMO FISHER SCIENTIFIC INC	1.30	2/1/2017	3,725,000	3,706,119
884903BN4	THOMSON REUTERS CORPORATION	1.30	2/23/2017	107,000	106,372
884903BU8	THOMSON REUTERS CORPORATION	1.65	9/29/2017	100,000	99,521
887317AT2	TIME WARNER INC	2.10	6/1/2019	150,000	148,086
88732JAL2	TIME WARNER CABLE INC	6.75	7/1/2018	150,000	172,128

Page 41

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
88732JAS7	TIME WARNER CABLE INC	8.25	4/1/2019	1,200,000	1,465,859
89152UAG7	TOTAL CAPITAL S.A.	2.13	8/10/2018	250,000	251,637
89153VAC3	TOTAL CAPITAL INTERNATIONAL SA	1.55	6/28/2017	6,150,000	6,180,141
89233P4B9	TOYOTA MOTOR CREDIT CORP	3.20	6/17/2015	130,000	131,625
89233P4R4	TOYOTA MOTOR CREDIT CORP	2.80	1/11/2016	100,000	102,170
89233P7E0	TOYOTA MOTOR CREDIT CORP	1.38	1/10/2018	200,000	198,641
89236TBH7	TOYOTA MOTOR CREDIT CORP	1.13	5/16/2017	150,000	149,495
89236TBP9	TOYOTA MOTOR CREDIT CORP	2.13	7/18/2019	150,000	149,993
89378TAB9	TRANSNET LTD	4.50	2/10/2016	5,950,000	6,061,563
893830AS8	TRANSOCEAN INC	6.00	3/15/2018	100,000	95,000
902133AQ0	TYCO ELECTRONICS GROUP SA	2.35	8/1/2019	5,925,000	5,897,878
903436AA1	US AIRWAYS GROUP INC	7.13	11/10/2020	2,404,552	2,795,292
90345WAD6	US AIRWAYS P-T TR	4.63	6/14/2022	1,313,241	1,378,903
904764AP2	UNILEVER CAPITAL CORP	0.85	8/2/2017	6,275,000	6,198,980
911312AK2	UNITED PARCEL SERVICE INC	5.13	4/1/2019	150,000	168,313
913017BQ1	UNITED TECHNOLOGIES CORPORATN	6.13	2/1/2019	200,000	232,139
913017BU2	UNITED TECHNOLOGIES CORPORATN	1.80	6/1/2017	14,675,000	14,874,213
91324PBJ0	UNITEDHEALTH GROUP INCORPORATE	6.00	2/15/2018	300,000	338,771
91324PBY7	UNITEDHEALTH GROUP INCORPORATE	1.40	10/15/2017	5,425,000	5,420,826
91324PCG5	UNITEDHEALTH GROUP INCORPORATE	2.30	12/15/2019	8,000,000	8,020,084
918370AB3	VTR FINANCE BV	6.88	1/15/2022	1,000,000	1,027,500
91911KAD4	VALEANT PHARMACEUTICALS INTERN	5.63	12/1/2018	1,000,000	1,012,500
91911TAF0	VALE OVERSEAS LIMITED	6.25	1/11/2016	150,000	156,011
91911TAJ2	VALE OVERSEAS LIMITED	5.63	9/15/2019	100,000	106,162
91913YAM2	VALERO ENERGY CORPORATION	6.13	6/15/2017	350,000	382,401
92343VBF0	VERIZON COMMUNICATIONS INC	1.10	11/1/2017	100,000	98,485
92343VBN3	VERIZON COMMUNICATIONS INC	2.50	9/15/2016	2,817,000	2,879,674
92343VBP8	VERIZON COMMUNICATIONS INC	3.65	9/14/2018	350,000	369,786
92343VCE2	VERIZON COMMUNICATIONS INC	1.35	6/9/2017	50,000	49,846
92343VCG7	VERIZON COMMUNICATIONS INC	2.63	2/21/2020	2,300,000	2,291,080
92343VCN2	VERIZON COMMUNICATIONS INC	3.00	11/1/2021	980,000	963,556
92553PAG7	VIACOM INC	3.50	4/1/2017	250,000	260,287
92553PAS1	VIACOM INC	2.50	9/1/2018	40,000	40,341
92857WAP5	VODAFONE GROUP PLC	5.63	2/27/2017	175,000	189,166
92857WBE9	VODAFONE GROUP PLC	1.50	2/19/2018	2,655,000	2,602,484
928668AB8	VOLKSWAGEN GROUP OF AMERICA FI	2.13	5/23/2019	4,375,000	4,369,305
931142CX9	WAL-MART STORES INC	1.50	10/25/2015	3,950,000	3,983,180
931142DE0	WAL-MART STORES INC	0.60	4/11/2016	4,375,000	4,367,884
931142DF7	WAL-MART STORES INC	1.13	4/11/2018	1,800,000	1,776,811
931422AJ8	WALGREEN CO	1.80	9/15/2017	250,000	250,142
931427AA6	WALGREENS BOOTS ALLIANCE INC	2.70	10/18/2019	2,680,000	2,693,690
931427AF5	WALGREENS BOOTS ALLIANCE INC	3.30	9/18/2021	2,115,000	2,130,799
94106LAX7	WASTE MANAGEMENT INC	2.60	9/1/2016	150,000	153,384
942683AG8	ACTAVIS INC	1.88	10/1/2017	8,650,000	8,603,192
947074AJ9	WEATHERFORD INTL INC	6.35	6/15/2017	300,000	313,971

Page 42

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
947075AD9	WEATHERFORD INTERNATIONAL LTD	6.00	3/15/2018	1,347,000	1,390,105
94770VAF9	WEBMD HEALTH CORP	2.50	1/31/2018	940,000	938,625
94770VAH5	WEBMD HEALTH CORP	2.25	3/31/2016	830,000	833,486
94973VBC0	ANTHEM INC	1.88	1/15/2018	250,000	249,234
950840AC2	WESFARMERS LTD	1.87	3/20/2018	825,000	821,017
958254AC8	WESTERN GAS PARTNERS LP	2.60	7/15/2018	3,650,000	3,642,930
963320AP1	WHIRLPOOL CORPORATION	1.35	3/1/2017	20,000	19,869
977255AD0	WISE METALS GROUP LLC/WISE ALL	8.75	6/15/2018	625,000	656,250
982526AR6	WM WRIGLEY JR CO	1.40	10/21/2016	1,290,000	1,292,793
982526AV7	WM WRIGLEY JR CO	2.90	9/21/2019	8,650,000	8,773,780
983024AJ9	WYETH	5.50	2/15/2016	100,000	105,323
98310WAK4	WYNDHAM WORLDWIDE CORP	2.50	2/1/2018	3,500,000	3,510,735
984121BQ5	XEROX CORPORATION	6.75	2/1/2017	1,935,000	2,128,724
984121CF8	XEROX CORPORATION	2.95	3/15/2017	250,000	256,025
98417EAU4	XSTRATA FINANCE (CANADA) LTD	2.70	10/25/2017	8,705,000	8,792,325
98419MAA8	XYLEM INC/NY	3.55	9/20/2016	4,475,000	4,635,652
98458PAC9	YALE UNIVERSITY	2.09	4/15/2019	100,000	100,531
ATGQ21	ALLIANCE TIRE GROUP BV	2.00	11/6/2021	1,000,000	980,000
C0102MAC9	AIR CANADA	5.50	9/26/2019	3,691,999	3,704,304
G6740DAD8	OFFSHORE GROUP INVESTMENT LTD/	5.75	3/28/2019	1,586,738	1,180,798
L3434LAC4	EVERGREEN SKILLS LUX SARL	4.50	4/28/2021	2,443,875	2,391,943
L7300KAB0	ORTHO-CLINICAL DIAGNOSTICS INC	4.75	6/30/2021	2,792,982	2,741,195
LX098754	CLEAR CHANNEL COMMUN, INC.	3.91	1/29/2016	698	687
LX113966	ARAMARK CORPORATION	0.02	7/26/2016	8,639	8,531
LX114037	AFFINION GROUP	6.75	4/30/2018	645,125	602,547
LX114499	ASPECT SOFTWARE INC	7.25	5/7/2016	2,581,190	2,516,661
LX118449	BROCK HOLDINGS III INC	10.00	3/14/2018	480,000	386,400
LX118451	BROCK HOLDINGS III INC	6.00	3/16/2017	1,192,026	1,117,524
LX118921	SENSUS METERING	8.50	5/11/2018	1,000,000	950,000
LX119943	BARBRI INC	6.00	7/17/2019	1,248,483	1,232,253
LX124057	ARCH COAL INC.	6.25	5/16/2018	715,844	590,929
LX124101	MISYS PLC	7.25	12/12/2018	2,992,356	2,969,914
LX126037	TRANSTAR HOLDING COMPANY	5.75	10/9/2018	1,502,846	1,487,818
LX126084	HARVARD DRUG GROUP LLC /THE	4.23	8/16/2020	2,493,671	2,481,203
LX126142	CENTERPLATE INC	4.75	11/26/2019	1,000,000	978,750
LX126185	CDR DB SUB INC	5.25	10/11/2019	1,881,055	1,772,894
LX126292	CUNNINGHAM LINDSEY INTERMEDIAT	9.25	6/10/2020	1,000,000	970,000
LX126444	INSIGHT GLOBAL INC	5.25	10/31/2019	3,740,458	3,717,080
LX126919	ARDENT MEDICAL	6.75	7/2/2018	3,307,039	3,300,838
LX127081	HEARTLAND DENTAL CARE INC	9.75	6/20/2019	160,000	159,000
LX127157	VESTCOM INTL INC.	7.00	12/26/2018	150,000	149,625
LX127395	SEQUA CORP	5.25	6/19/2017	1,994,911	1,940,051
LX127861	ATI HOLDINGS LLC	5.25	12/20/2019	1,729,363	1,720,717
LX128049	CROSSMARK HOLDINGS INC	7.76	12/21/2020	750,000	721,875
LX128124	RENFRO CORP	5.75	1/30/2019	1,453,778	1,381,089

Page 43

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
LX128317	WASH MULTI-FAMILY LAUNDRY SYST	4.50	2/21/2019	534,410	525,058
LX128374	SAGE PRODUCTS HOLDINGS III LLC	5.00	12/13/2019	289,275	287,829
LX128482	ALG BV	10.25	2/28/2020	750,000	742,500
LX128601	TOTAL SAFETY US INC	5.75	3/13/2020	1,987,143	1,907,658
LX128623	MERRILL COMMUNICATIONS LLC	7.50	3/8/2018	3,356,088	3,339,308
LX128751	TOTAL SAFETY US INC	9.25	9/13/2020	324,188	314,462
LX128933	WIDEOPENWEST FINANCE LLC	4.75	4/1/2019	1,559,688	1,546,529
LX128985	PANDA TEMPLE POWER II LLC	7.25	4/3/2019	1,360,000	1,373,600
LX129228	SECURUS TECHNOLOGIES HOLDINGS	4.75	4/30/2020	1,234,377	1,215,861
LX129276	SECURUS TECHNOLOGIES HOLDINGS	9.00	4/30/2021	540,000	529,200
LX129621	JC PENNEY CORPORATION INC	6.00	5/22/2018	2,424,390	2,378,933
LX130123	ONEX CARESTREAM FINANCE LP	5.00	6/7/2019	2,508,027	2,488,434
LX130126	ONEX CARESTREAM FINANCE LP	9.50	12/7/2019	463,981	458,568
LX130210	CLEAR CHANNEL COMMUN, INC.	6.92	1/30/2019	2,000,000	1,881,250
LX130228	QUICKSILVER RESOURCES INC	7.00	6/21/2019	500,000	375,000
LX130250	CTI FOODS HOLDING CO LLC	4.50	6/28/2020	1,757,401	1,735,433
LX130254	BMC SOFTWARE FINANCE INC	5.00	9/10/2020	2,800,000	2,710,750
LX130495	EMERALD EXPOSITIONS HOLDING IN	4.75	6/17/2020	2,846,205	2,789,281
LX130765	FOUR SEASONS HOLDINGS INC	6.25	12/28/2020	1,335,000	1,324,988
LX130780	TRIPLE POINT TECHNOLOGY INC	5.25	7/10/2020	1,994,709	1,815,185
LX131184	ALTICE FINANCING SA	4.76	7/2/2019	3,200,191	3,152,188
LX131877	FORESIGHT ENERGY LLC	5.50	8/21/2020	1,575,095	1,547,531
LX132457	FIELDWOOD ENERGY LLC	8.38	9/30/2020	1,515,000	1,099,890
LX132463	CPG INTERNATIONAL INC	4.75	9/30/2020	1,994,949	1,970,013
LX132784	DELL INC	4.50	4/29/2020	2,500,000	2,489,733
LX132924	HUDSONS BAY CO	4.75	11/4/2020	1,054,054	1,053,000
LX133115	P2 LOWER ACQUISITION LLC	5.50	10/22/2020	2,676,165	2,649,403
LX133117	P2 LOWER ACQUISITION LLC	9.50	10/28/2021	785,000	761,450
LX133143	ACTIVE NETWORK INC (THE)	5.50	11/13/2020	2,294,209	2,240,678
LX133144	ACTIVE NETWORK INC (THE)	9.50	11/15/2021	500,000	482,500
LX133212	OMNITRACS INC	4.75	11/25/2020	2,992,454	2,925,124
LX133214	OMNITRACS INC	8.75	5/25/2021	1,000,000	966,667
LX133343	P2 ENERGY SOLUTIONS INC	5.00	10/30/2020	2,415,600	2,331,054
LX133352	SHIP LUXCO 3 SARL	4.50	10/14/2019	1,492,462	1,470,075
LX133581	BJS WHOLESALE CLUB, INC.	4.50	9/26/2019	2,693,199	2,640,458
LX133583	BJS WHOLESALE CLUB, INC.	8.50	3/26/2020	675,000	662,625
LX133608	FILTRATION GROUP CORP	8.25	11/22/2021	1,000,000	998,333
LX133625	MURRAY ENERGY CORP	5.25	12/5/2019	2,693,216	2,586,834
LX133771	MCJUNKIN RED MAN CORP	4.24	11/8/2019	2,792,929	2,583,460
LX133785	DEL MONTE FOODS CONSUMER PRODU	4.25	2/18/2021	994,987	906,267
LX133786	DEL MONTE FOODS CO	8.25	8/18/2021	750,000	635,625
LX133815	BULLSEYE MERGERSUB INC	4.75	11/26/2020	2,486,184	2,399,168
LX133875	OFFSHORE GROUP INVESTMENT LTD	5.00	10/25/2017	874,625	706,988
LX134066	THE BRICKMAN GROUP LTD LLC	7.50	12/17/2021	1,130,000	1,103,869
LX134432	HEARTLAND DENTAL CARE INC	5.50	12/21/2018	2,969,762	2,958,626

Page 44

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
LX134609	CLEAR CHANNEL COMMUN, INC.	7.50	7/30/2019	239,250	228,284
LX134849	PHARMEDIUM HLTH	7.75	1/28/2022	750,000	742,500
LX134875	NTNL MNTR HLDGS	4.25	1/31/2021	2,792,965	2,723,141
LX134883	PHILLIPS PET FOOD & SUPPLIES	8.25	1/31/2022	750,000	442,500
LX135137	IKARIA INC	5.00	2/12/2021	2,816,461	2,793,577
LX135139	IKARIA INC	8.75	2/14/2022	130,000	129,188
LX135268	AMERICAN PACIFIC CORP	7.00	2/27/2019	992,500	986,711
LX135333	ALLIED SECURITY HOLDINGS LLC	8.00	8/13/2021	680,651	667,605
LX135524	OPENLINK INTERNATIONAL INTERME	6.25	10/30/2017	1,335,956	1,319,257
LX135658	COLLECTIVE BRANDS INC	5.00	3/11/2021	2,288,500	2,116,863
LX135748	WME IMG LLC	5.25	5/6/2021	1,994,987	1,915,188
LX135762	WME IMG LLC	8.25	5/6/2022	1,360,000	1,295,400
LX135785	HUDSON PRODUCTS	5.00	3/15/2019	992,500	953,627
LX135944	CAESARS GROWTH PROPERTIES PARE	6.25	5/8/2021	2,992,482	2,753,083
LX135951	AMERICAN TIRE DISTRIBUTORS INC	5.75	6/1/2018	1,564,505	1,560,594
LX136041	GYP HOLDINGS III CORP	4.75	4/1/2021	2,238,750	2,168,789
LX136042	GYP HOLDINGS III CORP	7.75	4/1/2022	1,045,000	1,024,100
LX136043	MEDPACE INC	4.75	4/1/2021	2,900,000	2,867,375
LX136121	FAIRMOUNT MINERALS LTD	4.50	9/5/2019	758,081	683,536
LX136210	CHECKOUT HOLDING	3.76	4/9/2021	1,741,250	1,647,658
LX136212	CHECKOUT HOLDING	7.75	4/11/2022	2,620,000	2,419,132
LX136368	MEN'S WEARHOUSE INC	4.50	6/18/2021	1,000,000	992,500
LX136428	MILLENNIUM LABORATORIES INC	5.25	4/16/2021	2,992,481	2,971,908
LX136477	MUNTERS AB	6.25	5/5/2021	1,691,500	1,649,213
LX136503	SKILLSOFT CORP	9.25	4/28/2022	1,850,000	1,739,000
LX136648	LEARNING CARE GROUP US NO 2 IN	5.50	5/5/2021	2,485,630	2,479,416
LX136944	US JOINER HOLDING COMPANY	7.00	4/16/2020	992,500	972,650
LX136971	TASC INC	6.50	5/22/2020	1,809,853	1,755,557
LX136974	CHIEF EXPLORATION & DEVELOPMEN	7.50	5/16/2021	500,000	447,500
LX137075	GO DADDY OPERATING CO LLC	4.75	5/13/2021	997,494	989,182
LX137115	AFFINION GROUP	8.50	10/31/2018	350,000	311,719
LX137126	DOOSAN INFRACORE INTERNATIONAL	4.50	5/28/2021	920,378	913,475
LX137131	SI ORGANIZATION INC	5.75	11/23/2019	2,381,444	2,363,583
LX137133	SI ORGANIZATION INC	5.75	11/23/2019	158,294	157,107
LX137137	UTEX IND	5.00	5/21/2021	2,693,233	2,477,774
LX137138	UTEX IND	7.49	5/20/2022	750,000	680,625
LX137220	GREEN PLAINS REN	6.50	6/30/2020	950,111	935,859
LX137276	SI ORGANIZATION INC	9.00	5/23/2020	700,000	691,250
LX137281	CURO HEALTH SERVICES LLC	5.75	6/8/2020	995,000	995,000
LX137326	SUNEDISON SEMICO	6.50	5/27/2019	970,125	960,424
LX137376	ENCOMPASS DIGITAL MEDIA INC	5.50	6/6/2021	2,030,633	2,012,865
LX137379	ENCOMPASS DIGITAL MEDIA INC	8.75	6/5/2022	500,000	500,000
LX137381	OTTER PRODUCTS LLC	5.75	6/3/2020	2,636,127	2,598,232
LX137528	WP MUSTANG HOLDINGS LLC	5.50	5/29/2021	2,739,367	2,698,277
LX137644	AZ CHEM US	4.50	6/12/2021	1,771,438	1,741,545

Page 45

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
LX137645	AZ CHEM US	7.50	6/10/2022	580,000	571,300
LX137741	SHEARERS FOODS LLC	7.75	6/30/2022	200,000	195,750
LX137923	BIRCH COMMUNICATIONS HOLDINGS	7.75	7/17/2020	2,914,583	2,856,292
LX137951	HEALOGICS INC	5.25	7/1/2021	1,995,000	1,960,088
LX138034	WORLD TRIATHLON CORP	5.25	6/25/2021	497,500	492,938
LX138051	NEW ALBERTSONS	4.75	6/27/2021	1,496,250	1,471,001
LX138103	WINEBOW GROUP LLC	8.50	1/2/2022	1,000,000	960,000
LX138177	TRIBUNE PUBLISHING CO	5.75	8/4/2021	2,962,500	2,888,438
LX138602	ENERGY & EXPLORATION PARTNERS	7.75	1/22/2019	3,582,000	2,525,310
LX138933	CCS INTERMEDIATE HOLDINGS LLC	5.00	7/23/2021	1,516,200	1,482,086
LX138964	SURGERY CENTER HOLDINGS INC	5.25	11/3/2020	900,000	875,250
LX139053	EMERALD PERFORMANCE MATERIALS	4.50	8/1/2021	890,000	867,009
LX139054	EMERALD PERFORMANCE MATERIALS	7.75	8/1/2022	620,000	602,175
LX139175	ALM MEDIA HOLDGS	8.00	7/30/2021	500,000	490,000
LX139562	AP NMT ACQUISITION BV	10.00	8/13/2022	450,000	432,000
LX139615	GOODPACK	4.75	9/9/2021	2,080,000	2,065,267
LX139813	PACKAGING COORDINATORS INC	9.00	8/1/2022	1,000,000	980,000
LX139892	ALBERTSONS INC	5.50	8/25/2021	3,050,000	3,047,142
LX139973	ACOSTA HOLDCO INC	5.00	9/26/2021	2,750,000	2,740,375
LX140041	ZEST ANCHORS LLC	5.25	8/16/2020	1,878,306	1,868,915
LX140043	NATIONAL VETERINARY ASSOCIATES	4.75	8/14/2021	2,244,375	2,212,579
LX140119	IMC OP LP	5.25	8/15/2020	1,330,000	1,320,025
LX140532	MIDAS INTERMEDIATE HOLDCO II L	4.75	8/18/2021	1,147,304	1,140,492
LX140596	BURGER KING NEWCO	4.50	12/12/2021	1,000,000	997,143
LX140854	SCINTFIC GMS INT INC	6.00	10/1/2021	1,200,000	1,180,285
LX140858	VESTCOM INTL INC.	8.75	9/30/2022	425,000	418,625
LX140861	WAND INTERMEDIATE I LP	8.25	9/17/2022	500,000	498,750
LX140953	TPF II POWER LLC	5.50	10/2/2021	2,275,000	2,259,833
LX141019	AVG TECHNOLOGIES NV	5.75	10/15/2020	730,000	722,700
LX141034	CROWNE GROUP LLC	5.26	9/30/2020	399,000	391,020
LX141036	CROWNE GROUP LLC	9.00	9/30/2021	600,000	591,000
LX141065	MIDAS INTERMEDIATE HOLDCO II L	4.75	8/18/2021	129,274	128,506
LX141073	BERLIN PACKAGING LLC	4.50	10/1/2021	1,995,000	1,972,058
LX141210	ZEBRA TECHNOLOGIES CORPORATION	4.75	10/27/2021	1,910,000	1,919,550
LX141388	METALDYNE PERFORMANCE GROUP IN	4.25	10/20/2021	1,012,444	1,004,851
LX141437	ECO SERVICES OPERATIONS LLC	4.75	12/1/2021	390,000	384,150
LX141533	PRO MACH INC TL B	5.50	10/22/2021	1,380,000	1,376,550
LX141601	SOURCEHOV LLC	7.75	10/31/2019	700,000	675,500
LX141612	ALBERTSONS HOLDINGS LLC	4.76	8/25/2021	230,000	229,784
LX141719	COMPUWARE CORPORATION	6.25	12/15/2021	1,000,000	948,750
LX142030	BALBOA MERGER SUB INC	6.50	12/4/2020	100,000	96,417
LX142148	PACKERS HOLDINGS LLC	5.00	12/2/2021	900,000	895,500
LX142283	SURVEY SAMPLING INTERNATIONAL	5.75	12/16/2020	375,000	370,313
LX142325	SURVEY SAMPLING INTERNATIONAL	9.50	12/10/2021	375,000	367,500
N7900HAB9	AP NMT ACQUISITION BV	6.75	8/13/2021	897,750	879,795

Page 46

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
				1,028,013,372	$	1,029,728,756
Corporate Debt Securities - Utilities
025537AF8	AMERICAN ELECTRIC POWER COMPAN	1.65	12/15/2017	1,430,000	$	1,421,479
03040WAB1	AMERICAN WATER CAPITAL CORP.	6.09	10/15/2017	150,000	166,841
125896BC3	CMS ENERGY CO	8.75	6/15/2019	2,957,000	3,705,196
131347CE4	CALPINE CORP	5.38	10/15/2020	2,000,000	2,025,000
202795HS2	COMMONWEALTH EDISON COMPANY	6.15	9/15/2017	5,748,000	6,454,241
202795JC5	COMMONWEALTH EDISON COMPANY	2.15	12/15/2018	1,200,000	1,197,413
209111ET6	CONSOLIDATED EDISON INC	5.85	4/1/2018	250,000	284,712
23311VAE7	DCP MIDSTREAM PARTNERS LP	2.70	4/1/2019	1,500,000	1,455,491
26441CAH8	DUKE ENERGY CORP	1.63	8/15/2017	250,000	249,851
26441CAK1	DUKE ENERGY CORP	2.10	5/15/2018	1,980,000	1,995,513
268317AG9	ELECTRICITE DE FRANCE SA	1.15	1/20/2017	3,805,000	3,795,057
268317AJ3	ELECTRICITE DE FRANCE SA	2.15	1/22/2019	5,200,000	5,208,830
283695BP8	EL PASO NATURAL GAS COMPANY	5.95	4/15/2017	150,000	161,857
292480AA8	ENABLE MIDSTREAM PARTNERS LP	2.40	5/15/2019	1,750,000	1,692,852
29336UAA5	ENLINK MIDSTREAM PARTNERS LP	2.70	4/1/2019	3,700,000	3,633,290
29364GAG8	ENTERGY CORP	4.70	12/15/2016	100,000	104,899
302570AX4	FPL GROUP CAPITAL INC	6.65	6/15/2017	200,000	201,000
302570AY2	NEXTERA ENERGY CAPITAL HOLDING	7.30	9/1/2017	100,000	108,000
302570BD7	NEXTERA ENERGY CAPITAL HOLDING	6.00	3/1/2019	3,250,000	3,693,741
340711AQ3	FL GAS TSMN CO	7.90	5/15/2019	3,200,000	3,836,991
36962G3M4	GENERAL ELEC CAP CORP	6.38	11/15/2017	1,575,000	1,685,250
454889AN6	INDIANA MICHIGAN POWER COMPANY	7.00	3/15/2019	150,000	177,465
494550AU0	KINDER MORGAN ENERGY PARTNERS	6.00	2/1/2017	1,193,000	1,287,858
494550BR6	KINDER MORGAN ENERGY PARTNERS	2.65	2/1/2019	4,900,000	4,814,863
49456BAD3	KINDER MORGAN HOLDCO LLC	2.00	12/1/2017	30,000	29,765
49456BAE1	KINDER MORGAN HOLDCO LLC	3.05	12/1/2019	3,080,000	3,037,540
5006EPAF8	KOREA EAST-WEST POWER CO.LTD	2.50	6/2/2020	1,000,000	988,776
595620AG0	MIDAMERICAN ENERGY CO	5.95	7/15/2017	200,000	222,523
59562VAW7	BERKSHIRE HATHAWAY ENERGY CO	1.10	5/15/2017	4,375,000	4,328,492
59562VAX5	BERKSHIRE HATHAWAY ENERGY CO	2.00	11/15/2018	200,000	198,600
636274AC6	NATIONAL GRID PLC	6.30	8/1/2016	150,000	161,891
65473QAS2	NISOURCE FINANCE CORPORATION	6.40	3/15/2018	150,000	169,809
68235PAD0	ONE GAS INC	2.07	1/1/2019	100,000	99,743
693304AL1	PECO ENERGY CO	5.35	3/1/2018	200,000	222,085
693304AQ0	PECO ENERGY CO	1.20	10/15/2016	111,000	110,905
69331CAF5	PG&E CORP	2.40	2/1/2019	150,000	149,667
69353UAB7	PPL WEM HOLDINGS PLC	3.90	5/1/2016	2,500,000	2,575,580
698455AB8	PANHANDLE EAST PIPE LINE	7.00	6/15/2018	155,000	176,209
72650RBG6	PLAINS ALL AMERICAN PIPELINE L	2.60	12/15/2019	1,925,000	1,908,511
743263AL9	PROGRESS ENERGY INC	5.63	1/15/2016	150,000	157,267
74456QBG0	PUBLIC SERVICE ELECTRIC AND GA	1.80	6/1/2019	200,000	196,765
74966NAA4	RJS POWER HOLDINGS LLC	5.13	7/15/2019	1,500,000	1,481,250
816851AS8	SEMPRA ENERGY	2.30	4/1/2017	100,000	101,541

Page 47

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
842400GB3	SOUTHERN CALIFORNIA EDISON CO.	1.13	5/1/2017	3,110,000	3,091,979
842587CK1	SOUTHERN COMPANY (THE)	1.30	8/15/2017	4,145,000	4,123,955
842587CL9	SOUTHERN COMPANY (THE)	2.15	9/1/2019	7,625,000	7,569,203
84755TAA5	SPECTRA ENERGY CAPITAL	6.20	4/15/2018	200,000	222,506
84756NAC3	SPECTRA ENERGY PARTNERS LP	2.95	8/25/2018	5,000,000	5,059,464
89346DAG2	TRANSALTA CORP	1.90	6/3/2017	31,000	30,223
893526DL4	TRANSCANADA PIPELINES LIMITED	0.88	3/2/2015	7,000,000	7,001,890
89352HAF6	TRANSCANADA PIPELINES LIMITED	6.50	8/15/2018	200,000	225,270
927804FM1	VIRGINIA ELECTRIC AND POWER CO	1.20	1/15/2018	450,000	442,058
95709TAD2	WESTAR ENERGY INC	5.10	7/15/2020	5,000,000	5,666,827
958254AB0	WESTERN GAS PARTNERS LP	4.00	4/1/2022	6,650,000	6,736,422
976656CF3	WISCONSIN ELECTRIC POWER COMPA	1.70	6/15/2018	150,000	149,104
98389BAK6	XCEL ENERGY INC	5.61	4/1/2017	200,000	217,480
LX125098	ESSENTIAL POWER LLC	3.98	8/8/2019	1,232,576	1,201,761
LX126010	PANDA SHERMAN POWER LLC	9.00	9/13/2018	1,247,659	1,269,493
LX129413	POWER BUYER LLC	4.25	5/6/2020	385,244	374,169
LX129682	POWERTEAM SERVICES LLC	4.25	5/6/2020	20,570	20,005
LX134871	FR DIXIE ACQUISITION CORP	5.75	12/18/2020	2,342,578	1,920,914
				108,003,628	$	110,997,333
Asset Backed Securities - Credit Cards
02582JGU8	AMERICAN EXPRESS CREDIT ACCOUN	1.49	9/15/2017	3,000,000	$	3,001,836
05522RCR7	BACCT_14-A2	0.43	4/28/2017	7,500,000	7,494,829
14041NDL2	CAPITAL ONE MULTI-ASSET EXE TR	0.24	2/26/2017	14,530,000	14,464,986
14041NDX6	CAPITAL ONE MULTI-ASSET EXECUT	5.75	9/15/2017	1,350,000	1,501,767
161571BC7	CHASE ISSUANCE TRUST	5.16	2/15/2016	750,000	786,771
161571FQ2	CHASE ISSUANCE TRUST CHAIT_12-	2.16	9/15/2022	500,000	484,543
161571GJ7	CHASE ISSUANCE TRUST CHAIT_14-	1.15	1/17/2017	700,000	699,816
161571GM0	CHAIT_14-A4	0.37	4/21/2016	13,795,000	13,779,020
17305EDE2	CITIBANK CREDIT CARD ISSUANCE	5.30	3/15/2016	400,000	421,529
17305EDT9	CCCIT_13-A1	6.15	6/15/2037	100,000	134,188
17305EDY8	CCCIT_13-A1	5.65	9/20/2017	400,000	443,878
17305EEE1	CITIBANK CREDIT CARD ISSUANCE	5.35	2/7/2018	686,000	762,097
17305EEK7	CITIBANK CREDIT CARD ISSUANCE	1.37	5/20/2015	12,300,000	12,347,724
17305EFE0	CCCIT_13-A6	1.32	9/7/2016	500,000	502,504
17305EFM2	CCCIT_14-A1	2.88	1/21/2021	750,000	770,767
17305EFU4	CCCIT_14-A8	1.73	4/9/2018	4,630,000	4,634,885
254683AC9	DCENT_07-A1	5.65	9/15/2017	900,000	999,304
254683AY1	DISCOVER CARD MASTER TRUST DCE	1.67	7/15/2019	1,000,000	981,816
36159JDQ1	GE CAPTIAL CREDIT CARD MASTER	1.35	3/15/2018	500,000	491,639
				64,291,000	$	64,703,899
Asset Backed Securities - Auto Receivables
02006MAC5	ALLYA_13-2	0.79	2/14/2016	750,000	750,049
03062AAB2	AMCAR_14-3	0.64	10/10/2015	9,640,000	9,636,144
13975DAD7	AFIN_13-3	1.68	1/1/2017	400,000	402,494
14313UAC0	CARMX_14-4	1.25	6/17/2017	2,850,000	2,842,452

Page 48

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
31679JAC7	FIFTH THIRD AUTO TRUST FITAT_1	0.68	2/1/2016	750,000	748,933
34530GAE2	FORDO_13-D	1.11	6/28/2017	800,000	798,189
43814CAD1	HONDA AUTO RECEIVABLES OWNER T	0.62	3/6/2016	615,000	614,257
43814GAD2	HAROT_14-2	1.18	7/18/2017	220,000	218,677
44890UAD6	HART_14-B	1.46	1/15/2018	750,000	746,460
58768EAF6	MBALT_14-A	0.90	6/1/2016	500,000	499,930
65476GAD4	NISSAN AUTO RECEIVABLES OWNER	0.66	2/28/2016	550,000	549,377
80283YAB1	SDART_14-4	0.67	10/1/2015	7,820,000	7,815,152
89231MAC9	TAOT_14-A	0.67	6/1/2016	650,000	648,269
98158QAD8	WOART_12-B	0.81	3/30/2016	500,000	499,868
98160QAD4	WOART 2014-B	1.14	7/16/2017	5,670,000	5,638,171
				32,465,000	$	32,408,421
Asset Backed Securities - Student Loans
00389VAA0	ALFT_13-1A	0.97	12/20/2030	14,049,654	$	14,004,934
00432CAZ4	AGSL_03-1	1.65	1/23/2022	4,100,000	4,004,794
00432CBB6	AGSL_03-1	1.62	1/13/2024	3,600,000	3,544,762
00432CBP5	AGSL_03-1	1.59	4/19/2024	5,350,000	5,261,479
00434MAC1	ACCESS TO LOANS FOR LEARNING S	0.97	1/4/2026	14,766,822	14,870,190
10620NAC2	BRAZOS HIGHER EDUCATION AUTHOR	0.37	12/26/2015	653,033	651,485
26845BAA7	EFSV2_ 2012-1	1.05	1/23/2018	3,235,396	3,251,185
281379AA5	EDUSA_10-1	1.08	10/15/2018	982,217	982,150
28137RAA5	EDUSA_14-1	0.87	9/14/2027	13,041,071	12,991,984
281381AA1	EDUSA_14-3	0.77	10/4/2025	13,525,007	13,326,230
28140DAB9	ELAB_13-1A	0.97	7/26/2018	3,947,582	3,962,228
36156YAN1	GCO EDUCATION LOAN FUNDING TRU	0.30	3/1/2016	631,626	630,089
57563NAA6	MEFA	1.18	3/3/2028	2,055,125	2,072,697
60535YAA1	MHEAC_14-1	0.85	11/28/2025	9,445,788	9,446,450
606072KS4	MISSOURI HIGHER ED LN AUTH STU	1.08	3/27/2021	2,465,411	2,479,143
61205PAK5	MHESA_12-1	1.17	3/6/2018	8,407,573	8,542,708
64031QBW0	NELS_05-2	0.33	12/22/2015	3,435,552	3,423,593
64033GAA9	NSLT_13-5A	0.80	6/8/2023	4,112,644	4,119,841
66705EAA6	NEF_12-1	0.87	11/26/2023	1,651,589	1,658,592
69339QAA7	PHEAA_14-2A	0.74	6/1/2030	4,181,133	4,170,806
698475AM2	PANHANDLE-PLAINS HIGHER EDUCAT	1.37	10/5/2024	4,335,147	4,407,141
71722TAF1	PHEAA_04-1	1.65	5/4/2019	2,000,000	1,942,402
71722TAG9	PHEAA_04-1	1.63	5/18/2021	6,000,000	5,941,764
78442GQY5	SLMA_05-9	0.35	12/11/2015	4,894,248	4,880,640
78442GSC1	SLM STUDENT LOAN TRUST SLMA_06	0.31	2/1/2016	3,108,680	3,103,488
78444CAB9	SLM STUDENT LOAN TRUST SLMA_07	0.48	2/14/2015	333,793	333,793
80705WAA7	SCHOL_12-B	0.57	12/29/2015	1,664,651	1,666,787
80705XAA5	SCHOL_13-A	0.82	4/18/2030	762,100	754,669
86386MAY0	STUDENT LOAN CON	1.39	12/19/2021	15,014,175	15,409,348
B0A0BSZC0	SLMA_03-5	0.35	6/1/2018	989,590	1,169,512
U8280TAR8	SLMA	0.63	8/16/2019	2,670,000	3,150,353
				155,409,607	$	156,155,235

Page 49

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
Asset Backed Securities - CLO
00083VAA9	ACASC_07-1	0.46	4/27/2016	5,457,274	$	5,400,374
00089KAB5	ACIS_13	1.10	2/9/2019	12,211,343	11,841,828
00089RAA2	ACIS_13-1	0.73	5/1/2018	17,400,000	17,030,250
00100VAE0	ACIS CLO LTD ACIS_14-4A	2.00	3/10/2022	1,113,736	1,057,029
00100VAL4	ACIS_14-4A	1.72	3/4/2021	8,650,000	8,470,167
00306LAA2	ABERD_08-1A	0.88	9/29/2016	14,832,183	14,733,703
020056AJ6	ALM_12-5A	1.46	4/10/2017	9,600,000	9,570,374
033287AA1	ANCHC_14-4A	1.68	1/4/2020	12,450,000	12,332,908
033287AJ2	ANCHC_14-4A	2.39	7/15/2021	3,600,000	3,474,489
03761QAA3	APID_06-QA	0.48	4/27/2016	3,973,419	3,958,746
04012VAA7	ARES	0.86	3/13/2017	6,028,178	5,997,947
04014WAA3	ARES CLO LTD ARES_14-1A	1.75	12/16/2019	5,000,000	4,970,089
04941LAE7	ATLAS SENIOR LOAN FUND LTD ATC		9/27/2024	15,300,000	11,783,142
04964WAA3	ATRM_14-11A	1.67	5/20/2020	6,000,000	5,953,908
04964WAC9	ATRM_11A	2.38	11/26/2021	1,000,000	981,694
08180FAA9	BSP_14-IVA	1.72	2/26/2020	14,100,000	13,958,517
09202XAA2	BLACK DIAMOND CLO LTD BLACK_06	0.48	6/21/2016	3,660,046	3,592,620
107265AL4	BRENTWOOD CLO LTD BRENT_06-1A	0.50	2/12/2017	8,114,094	8,015,603
15136DAA4	CECLO_13-20A	4.83	9/2/2022	550,000	473,024
17178TAA4	CIFC_06-1BA	4.25	7/9/2018	750,000	739,807
26250AAL3	DRSLF_11-22A	1.40	3/12/2017	4,200,000	4,188,749
26358BAA6	DUANE STREET CLO DUANE_06-3A	0.48	4/18/2016	79,376	79,111
352569AB3	FCLO_5	0.50	12/16/2015	1,404,706	1,395,487
355524AB5	FRASR_06-1A	0.50	3/16/2015	136,706	136,509
363206AF0	GALE	0.47	12/4/2015	6,198,453	6,102,386
36361RAB3	GALLATIN FUNDING LTD GALL_13-1	1.38	3/21/2019	12,000,000	11,718,908
363639AE5	GALL_14-1A		9/2/2022	5,150,000	4,593,526
378663AA6	GLEAG_05-1A	0.51	2/17/2015	858,217	856,593
38136TAA1	GOLDS_07-5A	0.93	3/12/2016	5,216,934	5,200,184
40538BAE2	HLA_14-2A	2.23	4/16/2021	4,500,000	4,355,792
42822XAA3	HICDO_07-1RA	0.63	5/21/2016	6,356,975	6,317,223
44928XAA2	ICG_14-1A	1.38	10/2/2020	9,900,000	9,655,443
476759AA3	JERSEY STREET CLO LTD JERSY_06	0.48	6/5/2015	605,050	604,450
48248CAA2	KKR FINANCIAL CLO LTD KKR_07-1	0.58	1/13/2016	24,077,768	23,873,107
50183UAF4	LCM_14-X	1.49	3/12/2017	6,500,000	6,470,992
55817LAA8	MDPK_07-6A	5.48	4/9/2020	650,000	652,572
55818NAA3	MDPK_14-13A	5.23	5/26/2022	500,000	447,367
64090AAA2	NEUB_14-16A	4.43	8/23/2022	750,000	622,644
67089NAE2	OCP_12-2A	1.05	9/8/2017	10,171,481	9,976,650
67102SAA2	OCP_14-5A	1.24	12/26/2020	11,000,000	10,680,062
67103QAA5	OFSBS_13-5A	1.16	12/18/2018	9,500,000	9,210,645
67106AAA7	OFSBS_14-6A	1.26	3/27/2020	11,000,000	10,669,636
67106MAB9	OFSBS_14-7A	1.72	2/19/2020	1,200,000	1,177,615
675150AA4	OCTR_06-1A	0.48	4/23/2017	1,175,882	1,169,414

Page 50

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
67572NAU0	OCT12_12-1AR	1.50	2/17/2017	7,500,000	7,481,085
67590KAA8	OCT18_13-1A	5.48	3/23/2022	750,000	676,012
67590MAA4	OCT19_14-1A	5.08	11/1/2022	250,000	218,510
67590QAA5	OCT21_14-1A	1.70	9/13/2020	8,000,000	7,925,158
67590QAE7	OCT21_14-1A	2.63	8/15/2022	1,000,000	971,538
74982NAA4	RACEP_11-5AR	1.54	11/6/2016	6,000,000	5,980,140
828428AA0	SMORE 2014-1A	1.68	1/29/2020	5,950,000	5,881,150
828428AC6	SMORE_14-1A	2.28	6/19/2021	1,150,000	1,098,828
86176YAA0	STCLO_07 6A	0.46	9/9/2016	1,588,628	1,557,173
87155MAA9	SYMPH_5	0.98	4/1/2018	10,000,000	9,946,636
89622HAA1	TRMN_06-2A	0.48	6/17/2015	249,595	249,477
92327JAA9	VENT_8	0.51	6/19/2017	1,489,522	1,467,455
92327JAC5	VENTURE CDO LTD VENTR_07-8A	0.45	6/19/2017	1,736,969	1,711,433
92912VAA3	VOYA_14-2A	1.68	4/3/2020	8,000,000	7,991,600
92914RAC6	VOYA_14-4A	2.63	2/21/2022	2,000,000	1,987,871
929260AA5	WGH_06-1A	0.50	3/3/2016	1,125,512	1,114,287
93677PAB7	WASAT_06-1A	0.47	4/12/2018	9,222,423	8,902,902
98886MAA2	ZAIS_14-1A	1.63	9/27/2020	8,000,000	7,900,086
G37116AC7	GALLATIN FUNDING LTD GALL_12-1		11/30/2022	3,445,000	2,002,343
G37130AC8	GALATTIN FUNDS LTD GALL_13-1X		1/13/2024	7,350,000	5,342,824
				367,729,469	$	354,897,793
Asset Backed Securities - Other
00104UAC2	AEPTC TEXAS CENTRAL TRANSITION	2.84	12/9/2022	200,000	$	200,023
02005ACC0	AMOT 2013-2	1.44	2/25/2015	4,300,000	4,304,214
03072SKH7	AMSI_03-10	0.93	3/18/2023	6,329,999	6,158,576
037680AA3	AEPWV_13-1	2.01	4/22/2019	4,423,888	4,421,190
04542BDG4	ABFC_03-OPT1	0.85	10/3/2022	2,593,208	2,449,033
15200NAB1	CNP	3.46	12/5/2016	850,000	882,822
29365KAB9	ETI	3.65	11/1/2016	300,000	311,615
34528QDF8	FORDF_14-1	0.56	2/26/2017	16,000,000	15,996,594
477877AD6	JDOT_14-B	1.07	5/16/2017	3,460,000	3,446,437
83611MAQ1	SOUNDVIEW HOME EQUITY LOAN TRU	1.47	1/23/2021	2,031,553	2,012,486
86358EAJ5	SAIL_03-B2	0.85	11/30/2017	8,077,324	7,824,464
86358EJS6	STRUCTURED ASSET INVESTMENT LO	0.97	7/11/2022	7,129,549	6,746,963
86358EKH8	STRUCTURED ASSET INVESTMENT LO	1.01	2/23/2018	8,055,717	7,912,615
				63,751,238	$	62,667,033
Total Fixed income Securities				6,502,246,435	$	6,069,009,781
Other Invested Assets - High Yield Fund
	CRESCENT CAPITAL HIGH YIELD FUND				$	30,163,066
Equities
375204	ABB TREASURY CENTER USA INC.			150,000	$	3,172,500
2367963	GOLAR LNG LTD			44,400	1,619,268

Page 51

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
2824100	ABBOTT LABORATORIES			22,090	994,492
9158106	AIR PRODUCTS AND CHEMICALS INC			8,500	1,225,955
18490102	ALLERGAN INC/UNITED STATES			7,374	1,567,639
18802108	ALLIANT ENERGY CORP			27,500	1,826,550
23135106	AMAZON.COM INC			5,950	1,846,583
23608102	AMEREN CORPORATION			21,000	968,730
25816109	AMERICAN EXPRESS COMPANY			17,905	1,665,881
31162100	AMGEN INC			19,364	3,084,492
37411105	APACHE CORP			54,000	3,384,180
37833100	APPLE INC			96,726	10,676,616
39483102	ARCHER-DANIELS-MIDLAND COMPANY			24,803	1,289,756
53015103	AUTOMATIC DATA PROCESSING, INC			13,356	1,113,490
53484101	AVALONBAY COMMUNITIES INC			4,400	718,916
54937107	BB&T CORP			16,192	629,707
57224107	BAKER HUGHES INC			13,466	755,039
60505104	BANK OF AMERICA			133,475	2,387,868
64058100	BANK OF NEW YORK MELLON CORP/T			11,069	449,069
67383109	CR BARD INC			4,752	791,778
71813109	BAXTER INTERNATIONAL INC.			5,298	388,290
75896100	BED BATH & BEYOND INC.			26,300	2,003,271
84670702	BERKSHIRE HATHAWAY INC			64,862	9,739,029
88606108	BHP BILLITON LTD			8,807	416,747
97023105	BOEING CO			58,411	7,592,262
110122108	BRISTOL-MYERS SQUIBB CO			27,124	1,601,130
111320107	BROADCOM CORP			27,340	1,184,642
115637209	BROWN-FORMAN CORPORATION			10,414	914,766
125509109	CIGNA CORP			5,061	520,828
126408103	CSX CORPORATION			155,000	5,615,650
127097103	CABOT OIL & GAS CORP			85,000	2,516,850
144285103	CARPENTER TECH CORP			120,000	5,910,000
149123101	CATERPILLAR INC			9,038	827,248
152006102	CENTERRA GOLD INC			37,600	196,075
166764100	CHEVRON CORP			44,652	5,009,061
169656105	CHIPOTLE MEXICAN GRILL INC			1,329	909,714
172967424	CITIGROUP INC			38,099	2,061,537
177376100	CITRIX SYSTEMS INC.			6,587	424,063
191216100	COCA-COLA COMPANY (THE)			27,645	1,167,172
192446102	COGNIZANT TECH SOLUTIONS CORP			13,137	691,794
194162103	COLGATE-PALMOLIVE CO			1,243	86,003
200340107	COMERICA INCORPORATED			24,306	1,138,493
231021106	CUMMINS INC			7,744	1,116,452
233331107	DTE ENERGY COMPANY			24,000	2,072,880
235851102	DANAHER CORPORATION			11,779	1,009,578
244199105	DEERE & CO			901	79,711
254687106	WALT DISNEY COMPANY (THE)			39,055	3,678,590

Page 52

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
260003108	DOVER CORP			9,700	695,684
263534109	EI DU PONT DE NEMOURS & CO			49,921	3,691,159
268648102	EMC CORP/ MASSACHUSETTS			42,761	1,271,712
278642103	EBAY INC.			156,186	8,765,158
281020107	EDISON INTERNATIONAL INC			15,000	982,200
284902103	ELDORADO GOLD CORP			36,501	221,926
291011104	EMERSON ELECTRIC CO			6,992	431,616
302130109	EXPEDITORS INTL OF WASHINGTON,			5,720	255,169
302635107	FS INVESTMENT CORP			66,000	655,380
315616102	F5 NETWORKS INC			5,035	656,891
316773100	FIFTH THIRD BANK			64,402	1,312,191
354613101	FRANKLIN RESOURCES INC			11,724	649,158
369550108	GENERAL DYNAMICS CORP			20,393	2,806,485
369604103	GENERAL ELECTRIC CO			99,407	2,512,015
384802104	GRAINGER W.W. INC			2,678	682,595
391164100	GREAT PLAINS ENERGY INCORPORAT			31,000	880,710
406216101	HALLIBURTON COMPANY			23,315	916,979
410345102	HANESBRANDS INC			16,000	1,785,920
412822108	HARLEY-DAVIDSON INC			21,790	1,436,179
418056107	HASBRO INC			49,000	2,694,510
427866108	HERSHEY COMPANY THE			9,464	983,594
431475102	HILL-ROM HOLDINGS INC.			70,000	3,193,400
437076102	HOME DEPOT INC			30,106	3,160,227
438516106	HONEYWELL INTERNATIONAL INC			33,183	3,315,645
440452100	HORMEL FOODS CORP			15,405	802,601
448579102	HYATT HOTELS CORP			70,000	4,214,700
452308109	ILLINOIS TOOL WORKS INC			13,202	1,250,229
458140100	INTEL CORPORATION			62,047	2,251,686
459200101	INTERNATIONAL BUSINESS MACHINE			8,307	1,332,775
478160104	JOHNSON & JOHNSON			54,373	5,685,785
494368103	KIMBERLY-CLARK CORPORATION			31,374	3,624,952
496902404	KINROSS GOLD CORP			94,493	266,470
518439104	ESTEE LAUDER INC			11,989	913,562
532457108	ELI LILLY AND COMPANY			62,532	4,314,083
579780206	MCCORMICK & COMPANY INCORPORAT			9,992	742,406
580135101	MCDONALDS CORP			12,692	1,189,240
594918104	MICROSOFT CORP			223,185	10,366,943
609207105	MONDELEZ INTERNATIONAL INC			90,000	3,269,250
611740101	HANSEN NATURAL CORP			8,740	946,979
617446448	MORGAN STANLEY			31,985	1,241,018
636180101	NATIONAL FUEL GAS CO			50,000	3,476,500
637071101	NATIONAL OILWELL VARCO INC			7,811	511,855
654106103	NIKE INC			13,497	1,297,737
655844108	NORFOLK SOUTHERN CORPORATION			12,800	1,403,008
665859104	NORTHERN TRUST COMPANY			2,052	138,305

Page 53

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
670346105	NUCOR CORP			16,580	813,249
670837103	OGE ENERGY CORPORATION			35,000	1,241,800
674599105	OCCIDENTAL PETROLEUM CORPORATI			22,502	1,813,886
677862104	LUKOIL			4,570	181,886
681919106	OMNICOM GROUP INC			70,000	5,422,900
682680103	ONEOK INC			34,000	1,692,860
693475105	PNC FINANCIAL SERVICES GROUP I			50,890	4,642,695
693718108	PACCAR INC			17,448	1,186,638
695781104	PAINTED PONY PETROLEUM LTD			15,300	122,189
701094104	PARKER HANNIFIN CORP			9,094	1,172,671
713448108	PEPSICO INC			14,996	1,418,022
717081103	PFIZER INC			287,147	8,944,629
718172109	PHILIP MORRIS INTERNATIONAL IN			20,251	1,649,444
724479100	PITNEY BOWES INC.			120,000	2,924,400
740189105	PRECISION CASTPARTS CORP			4,179	1,006,638
742718109	PROCTER & GAMBLE COMPANY			57,171	5,207,706
747525103	QUALCOMM INCORPORATED			15,860	1,178,874
751212101	RALPH LAUREN CORP			3,705	686,018
755111507	RAYTHEON COMPANY			23,480	2,539,832
756109104	REALTY INCOME CORP			20,000	954,200
756577102	RED HAT, INC.			12,564	868,675
773903109	ROCKWELL AUTOMATION INC			23,609	2,625,321
774341101	ROCKWELL COLLINS INC.			10,775	910,272
790849103	ST JUDE MEDICAL INC			18,881	1,227,831
806407102	HENRY SCHEIN INC			18,000	2,450,700
806857108	SCHLUMBERGER LTD			79,870	6,821,697
808513105	CHARLES SCHWAB CORPORATIO			29,737	897,760
810186106	SCOTTS COMPANY			47,000	2,929,040
816851109	SEMPRA ENERGY			28,000	3,118,080
824348106	SHERWIN-WILLIAMS COMPANY (THE)			3,614	950,627
824596100	SHINHAN FINANC			3,956	159,783
826552101	SIGMA-ALDRICH CORPORATION			6,008	824,718
828806109	SIMON PROP GRP INC			42,586	7,755,336
842587107	SOUTHERN COMPANY (THE)			43,649	2,143,602
847560109	SPECTRA ENERGY CORP			43,000	1,560,900
854502101	STANLEY BLACK & DECKER INC			67,885	6,522,391
857477608	STATE STREET CORP			157,000	4,060,020
863667101	STRYKER CORP			9,620	907,455
871829107	SYSCO CORP			31,895	1,265,913
872540109	TJX COS INC			18,604	1,275,862
874039100	TAIWAN SEMICONDUCTOR MANUFACTU			32,600	729,588
882508104	TEXAS INSTRUMENTS INCORPORATED			36,592	1,956,391
895945103	TRICAN WELL SERVICE LTD			107,780	518,312
902973304	US BANCORP			4,328	194,544
907818108	UNION PACIFIC CORPORATION			13,742	1,637,084

Page 54

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
911312106	UNITED PARCEL SERVICE INC			13,176	1,464,776
913017109	UNITED TECHNOLOGIES CORPORATN			8,308	955,420
917017105	URANIUM PARTICIPATION CORP			38,300	170,296
917047102	URBAN OUTFITTERS, INC.			9,940	349,192
918204108	VF CORPORATION			6,820	510,818
929352102	WUXI PHARMATECH CAYMAN INC			30,824	1,037,844
931142103	WAL-MART STORES INC			11,561	992,859
949746101	WELLS FARGO & COMPANY			169,573	9,295,992
962166104	WEYERHAEUSER COMPANY			66,900	2,401,041
976657106	WISCONSIN ENERGY CORPORATION			62,120	3,276,209
00206R102	AT&T INC			65,187	2,189,631
00287Y109	ABBVIE INC			27,518	1,800,778
00507V109	ACTIVISION BLIZZARD INC			170,000	3,425,500
00817Y108	AETNA INC			76,415	6,787,944
00971T101	AKAMAI TECHNOLOGIES INC.			13,125	826,350
01609W102	ALIBABA GROUP HOLDING LTD			5,450	566,473
01626P403	COUCHE-TARD U.S. L.P.			25,740	1,082,047
03076C106	AMERIPRISE FINANCIAL INC			11,665	1,542,696
09247X101	BLACKROCK INC.			8,583	3,068,937
09253U108	BLACKSTONE GROUP L.P.			58,700	1,985,821
09257W100	BLACKSTONE MORTGAGE TRUST INC			59,000	1,719,260
12572Q105	CME GROUP INC			40,058	3,551,142
14149Y108	CARDINAL HEALTH INC			83,000	6,700,590
14309L102	CARLYLE GROUP/THE			24,000	660,000
15189T107	CENTERPOINT ENERGY INC.			103,000	2,413,290
17275R102	CISCO SYSTEMS INC			124,876	3,473,426
20825C104	CONOCOPHILLIPS			75,022	5,181,019
22160K105	COSTCO WHOLESALE CORPORATION			11,046	1,565,771
22282E102	COVANTA HOLDING CORP			100,000	2,201,000
25746U109	DOMINION RESOURCES INC			56,000	4,306,400
29250N105	ENBRIDGE INC			26,000	1,336,660
29476L107	EQUITY RESIDENTIAL			56,000	4,023,040
30225T102	EXTRA SPACE STORAGE INC			53,000	3,107,920
30231G102	EXXON MOBIL CORP			50,526	4,671,129
37733W105	GLAXOSMITHKLINE PLC			14,500	619,730
38141G104	GOLDMAN SACHS GROUP INC/THE			44,117	8,551,198
38259P508	GOOGLE			4,246	2,253,182
38259P706	GOOGLE			12,246	6,446,294
40412C101	HCA HOLDINGS INC			108,000	7,926,120
42805T105	HERTZ GLOBAL			146,000	3,641,240
44107P104	HOST HOTELS & RESORTS INC			63,000	1,497,510
45104G104	ICICI BANK LTD			63,150	729,383
45866F104	INTERCONTINENTALEXCHANGE GROUP			36,853	8,081,494
46120E602	INTUITIVE SRGCAL			670	354,390
46625H100	JPMORGAN CHASE & CO			189,254	11,843,515

Page 55

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
48241A105	KB FINANCIAL GROUP INC			7,055	230,134
48248M102	KKR & CO LP			109,000	2,529,890
48268K101	KT CORPORATION			21,013	296,704
55261F104	M&T BANK CORPORATION			21,600	2,713,392
57636Q104	MASTERCARD INC			21,650	1,865,364
58933Y105	MERCK & CO INC			36,704	2,084,420
59156R108	METLIFE INC			24,000	1,298,160
65249B109	NEWS CORP			17,960	281,792
65339F101	NEXTERA ENERGY INC			24,000	2,550,960
65341B106	NEXTERA ENERGY PARTNERS LP			2,400	81,000
65473P105	NISOURCE INC			47,500	2,014,950
68389X105	ORACLE CORPORATION			56,635	2,546,876
69007J106	CBS OUTDOOR AMERICAS INC			10,600	284,504
71654V408	PETROLEO BRASILEIRO SA			25,717	187,734
72651A108	PLAINS GP			26,500	680,520
74005P104	PRAXAIR INC			12,918	1,673,656
74340W103	PROLOGIS INC			98,300	4,229,849
74460D109	PUBLIC STORAGE, INC.			20,148	3,724,358
75281A109	RANGE RESOURCES CORP			65,000	3,474,250
78462F103	SPDR TRUST SERIES 1			404,251	83,073,581
80105N105	SANOFI			41,000	1,870,010
81211K100	SEALED AIR CORP			138,000	5,855,340
85571B105	STARWOOD PROPERTY TRUST INC			110,000	2,556,400
87612E106	TARGET CORPORATION			18,060	1,370,935
88104R100	TERRAFORM POWER INC			21,600	667,008
88579Y101	3M CO			40,124	6,593,176
90130A101	NEWS CORP-CL A			140,000	5,376,700
91324P102	UNITEDHEALTH GROUP INCORPORATE			16,334	1,651,204
92276F100	VENTAS, INC.			20,001	1,434,036
92343V104	VERIZON COMMUNICATIONS INC			25,500	1,192,890
92826C839	VISA INC			8,660	2,270,652
97717W851	WISDOMTREE JAPAN DIVIDEND FUND			363,749	17,907,363
AU000000SPO4	SPOTLESS GROUP HOLDINGS LIMITE			637,879	997,036
B4BNMY3	ACCENTURE LTD			6,302	562,832
D35415104	INFINEON TECHNOLOGIES AG			72,311	773,937
E90183182	TELEFONICA			30,603	441,411
F54432111	LAFARGE S.A.			3,618	254,272
F5485U100	LAGARDERE S.C.A.			73,000	1,908,007
F9156M108	THALES S. A.			7,141	388,800
F95922104	VALLOUREC			24,013	661,045
G03764134	ANGLO AMERICAN PLC			20,844	390,175
G0440M128	AQUARIUS PLATINUM LTD			291,468	67,035
G0537K100	HOME RETAIL GROUP			60,248	194,929
G26796147	BERENDSEN PLC			16,131	276,675
G2830J103	DAPHINE INTERNATIONAL HOLDINGS			478,000	173,822

Page 56

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
G32655105	EXPERIAN PLC			44,082	747,835
G5257K107	KINGBOARD LAMINATES HOLDINGS L			401,000	147,889
G56350112	LONMIN PLC			75,095	208,189
G58249106	MARKIT LTD			20,540	542,872
G60744102	MGM CHINA HOLDINGS			143,400	364,655
G60754101	MICHAEL KORS HOLDINGS LTD			6,885	517,064
G65007109	NEW WORLD DEPARTMENT STORE CHI			229,000	73,234
H2906T109	GARMIN LTD.			8,348	441,025
H36940130	HOLCIM LTD			3,632	260,799
IE0001827041	CRH PLC			39,946	961,693
IT0004781412	UNICREDITO ITALIANO S.P.A.			117,029	755,494
J18807107	GREE INC			22,000	132,850
J24994105	ISUZU MOTORS LTD			89,520	1,106,167
J2501P104	ITOCHU CORP			27,000	290,955
J26945105	JGC CORP			11,750	244,222
J33093105	KINDEN CORP			30,720	313,362
J37039120	MEDICEO PALTAC HOLDING CO			19,300	226,169
J38468104	KYUSHU ELECTRIC POWER CO .INC			52,700	531,857
J48818124	NEC CORP			164,000	482,856
J56741101	NISHIMATSUYA CHAIN CO., LTD.			22,100	180,641
J58472119	NITTO DENKO CORP			5,000	282,455
J77024115	SUMITOMO BAKELITE CO., LTD.			67,000	263,205
JP3047510007	GLP J-REIT			435	484,724
JP3781620004	PARAMOUNT BED HOLDINGS CO LTD			9,300	248,217
L80308106	SAMSONITE INTERNATIONAL SA			263,270	780,829
N63218106	NIELSEN HOLDINGS NV			91,000	4,070,430
N6983Q147	ROYAL PHILIPS ELECTRONICS N.V.			95,538	2,791,879
NL0010273215	ASML HOLDING NV			7,255	785,713
P31076105	COPA HOLDINGS			10,992	1,139,211
P8696W104	SINOVAC BIOTECH LTD			27,501	143,830
S00536730	ASHTEAD GROUP PLC			50,465	906,481
S00595850	ARM HOLDINGS PLC			84,553	1,311,801
S02374007	DIAGEO PLC			41,061	1,183,490
S02875805	BRITISH AMER TOBACCO PLC			32,204	1,757,493
S03308608	SPECTRIS PLC			19,620	643,054
S04052072	HALMA PLC			30,217	323,922
S04082848	STANDARD CHARTERED PLC			30,234	453,981
S04161022	HAYS PLC			105,737	240,051
S05203377	JARDINE LLOYD THOMPSON GROUP P			16,560	231,358
S05405287	HSBC HOLDINGS PLC			111,462	1,057,729
S07099542	PRUDENTIAL PLC			43,317	1,007,727
S07980592	BP PLC			140,043	897,468
S08025413	SIG PLC			59,890	162,767
S08762890	BG GROUP			77,491	1,045,161
S09067448	MOTHERCARE PLC			23,142	63,147

Page 57

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
S09223207	SMITH & NEPHEW PLC			46,397	859,453
S09292244	VICTREX PLC			6,410	208,092
S09895293	ASTRAZENECA PLC			32,928	2,338,930
S20246443	BARRICK GOLD CORPORATION			17,500	189,165
S20682993	TALISMAN ENERGY INC.			11,500	90,352
S21627609	CAE INC			60,360	785,866
S22546451	GILDAN ACTIVEWEAR INC.			13,410	760,662
S24542417	IMPERIAL OIL LTD			9,340	403,598
S26378489	NORTHERN DYNASTY MINERALS			16,100	6,255
S26544163	METHANEX CORPORATION			18,590	856,593
S27931930	ENCANA CORP			12,400	173,113
S30707327	BANK OF IRELAND			1,231,434	466,400
S31743008	BURBERRY GROUP PLC			29,839	761,173
S37840113	IMPALA PLATINUM HOLDINGS LTD			38,015	249,014
S40567190	ASSICURAZIONI GENERALI SPA			53,990	1,110,620
S40578080	LOREAL SA			4,725	796,446
S40743916	GFI INFORMATIQUE			5,249	33,600
S40768368	INTESA SANPAOLO SPA			208,193	610,160
S41160995	BANCA EMILIA			20,488	135,486
S41529520	BELIMO HOLDING AG			79	183,656
S41634379	CAP GEMINI SA			5,457	392,761
S42621185	DELHAIZE GROUP SA			2,801	204,818
S43541341	UNITED INTERNET			7,126	323,226
S45774692	MAGYAR TELEKOM TELECOMMUNICATI			145,752	188,795
S46429585	GERRY WEBER INTERNATIONAL			4,094	169,177
S46817243	INFICON HLDG AG			397	123,157
S46823290	PERNOD-RICARD SA			7,514	838,857
S47127980	RENAULT S.A.			19,288	1,412,737
S47553177	ANHEUSER-BUSCH INBEV NV			20,654	2,345,784
S47689625	RWE AG			8,292	257,365
S48247787	SGS SA			163	335,465
S48341085	SCHNEIDER ELECTRIC SE			9,987	732,458
S48528327	STOREBRAND ASA			56,264	219,126
S49023849	TRELLEBORG AB			40,779	687,616
S49375793	VALEO SA			5,498	689,236
S49429046	E.ON SE			16,735	287,451
S50516053	HELLENIC TELECOM ORG S.A.			39,671	436,835
S50692110	BAYER AG			7,322	1,001,178
S51761773	ORANGE SA			67,303	1,152,376
S52260387	SAMPO OYJ			10,610	498,396
S52874880	DEUTSCHE LUFTHANSA AG			19,266	322,416
S53345880	RHEINMETALL AG			8,773	385,034
S53800314	NORDEA BANK AB			33,804	392,525
S54495676	ROYAL UNIBREW			190	33,562
S54653589	SALZGITTER AG			7,426	210,358

Page 58

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
S54815584	POSTNL NV			102,652	385,064
S55582035	KOENIG UND BAUER ALBERT			2,886	34,922
S55969919	UCB SA			7,674	586,870
S56089154	ALTEN SA			4,397	188,083
S56336167	SOPRA GROUP SA			4,299	330,327
S56717358	SANOFI			11,016	1,008,541
S56874316	H & M HENNES & MAURITZ AB			11,176	464,843
S56890510	AGFA-GEVAERT NV			43,312	109,536
S56987894	ASSA ABLOY AB			24,854	1,316,953
S57822066	BUZZI UNICEM SPA			23,188	294,896
S57844623	SUEDZUCKER AG			11,559	167,354
S58051038	DEVOTEAM SA			2,535	46,442
S59560789	KONINKLIJKE KPN NV			204,328	649,765
S59622803	LINDT & SPRUENGLI AG			32	158,833
S59665166	SOCIETE GENERALE-A			9,584	405,783
S59726430	EUROFINS SCIENTIFIC SE			2,064	529,604
S59806133	GIVAUDAN S.A.			158	285,104
S59930206	AXIS COMMUNICATIONS AB			7,011	178,762
S59939017	METROPOLE TELEVISION SA			12,013	226,403
S60102076	AICHI STEEL CORP			25,000	88,619
S60106499	AISAN INDUSTRY CO LTD			17,200	148,767
S60107026	AISIN SEIKI CO LTD			7,000	254,264
S60273042	AMANO CORP			22,000	228,450
S60365483	NET ONE SYSTEMS			25,400	150,839
S60544095	ASAHI BREWERIES, LTD.			9,600	299,982
S60714755	NISSIN KOGYO			20,000	280,078
S61177333	OBARA GROUP INCORPORATED			3,550	159,298
S61290730	AVEX GROUP HOLDINGS INC			7,900	130,332
S61291589	MOSHI MOSHI HOTLINE INC			12,000	111,598
S61321014	BRIDGESTONE CORP			32,190	1,127,368
S61415501	FUNAI ELE CO., LTD.			20,400	247,567
S61499851	ALPHA SYSTEMS INC			2,100	29,233
S61723235	CANON INC			23,100	739,944
S61957395	CHUBU STEEL PLATE CO. LTD.			12,100	51,066
S62001946	ITOCHU TECHNO-SOLUTIONS CORP			6,400	227,933
S62008826	TRANSURBAN GROUP			149,151	1,047,255
S62489901	KDDI CORP			14,500	923,612
S62497995	DAH SING FINANCIAL			19,200	112,033
S62504121	EXEDY CORP			7,900	191,940
S62505086	DAITO TR CONSTR CO., LTD.			2,500	285,667
S62510284	DAINIPPON SCREEN MANUFACTURING			50,000	298,178
S62689765	MITSUBISHI UFJ LEASE & FINANCE			105,200	501,892
S62874102	TV ASAHI CORP			26,240	416,925
S62897848	CAWACHI LTD.			8,900	132,503
S63000160	ADASTRIA HOLDINGS CO LTD			10,900	287,285

Page 59

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
S63038665	SINGAPORE EXCHANGE LIMITED			195,000	1,149,309
S63071690	EIGHTEENTH BANK LIMITED			34,000	95,851
S63072003	EISAI CO LTD			10,300	401,365
S63177158	ENERGY RSC AUST			40,160	42,724
S63339378	ENN ENERGY HOLDINGS LTD			92,000	521,996
S63351712	MITSUBISHI TOKYO FINANCIAL GRP			386,500	2,142,118
S63454607	TOWNGAS CHINA CO LTD			1,052,020	1,066,285
S63527501	EN-JAPAN INC.			7,900	125,325
S63552764	FUJIMI INC			9,400	138,223
S63564066	FUJI HEAVY IND LTD			8,800	315,609
S63565923	FUJI MACHINE MFG. CO., LTD.			14,100	132,186
S63569453	FUJITSU LTD			83,000	446,031
S63577332	FUTABA CORP			5,900	86,560
S63844856	PROTO CORP			7,500	108,532
S64004336	HIS			9,000	257,475
S64106362	RESOLUTE MINING LTD			287,589	62,367
S64218985	PAL CO LTD			14,400	397,548
S64243033	CLEAR MEDIA LTD			42,000	43,923
S64288665	HISAKA WORKS LTD			11,200	91,080
S64291040	HITACHI LTD			93,000	698,654
S64291263	HITACHI CHEM CO LTD			16,100	287,905
S64351455	HONDA MOTOR CO LTD			17,300	508,777
S64398134	HOSIDEN CORP			61,200	343,531
S64592199	INABA DENKISANGYO CO LTD			8,000	260,561
S64685050	JAPAN DIGITAL LABORATORY CO LT			23,100	312,316
S64706856	JAPAN STEEL WORKS LTD/THE			64,000	228,467
S64709868	JSR CORP			16,900	292,626
S64745359	JAPAN TOBACCO INC.			37,730	1,047,295
S64762180	AEON DELIGHT CO. LTD.			5,700	134,067
S64873284	KEIHIN CORP			17,300	259,006
S64937451	KIRIN BREWERY CO LTD			17,900	223,498
S65045841	KURODA ELEC CO. LTD.			35,400	491,900
S65131260	TOKIO MARINE HOLDINGS INC			42,920	1,408,114
S65295545	CMIC HOLDINGS CO LTD			7,900	124,073
S65342024	AEON MALL CO LTD			27,000	482,822
S65630246	SUMITOMO MITSUI FIN GRP INC			27,420	1,000,563
S65695058	MARUICHI STEEL TUBE LTD.			19,600	420,298
S65910143	MIZUHO FINANCIAL GROUP			100,300	169,404
S65946048	MIMASU SEMICONDUCTOR IND CO.,			16,000	156,270
S65973687	MITSUI CHEMICALS INC			111,000	318,479
S65974099	MITSUMI ELEC CO., LTD.			13,000	104,416
S66257205	PANAHOME CORP			40,200	258,846
S66295403	NETUREN CO LTD			6,900	46,616
S66385469	NICHICON CORP			61,900	489,438
S66395500	NINTENDO CO LTD			2,300	241,807

Page 60

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
S66396029	NSD CO LTD			20,700	305,247
S66413733	NTT CORP			11,700	606,103
S66428046	HITACHI HIGH-TECHNOLOGIES CORP			9,200	268,568
S66440603	NIPPON TELEVISION HOLDINGS INC			26,400	391,062
S66575416	OITA BANK LTD			26,000	92,815
S66601071	ONO PHARM CO., LTD.			18,360	1,643,128
S66602046	TAIHEIYO CEMENT CORP			292,960	926,076
S66881434	MELCO HOLDINGS INC			9,700	144,980
S67103473	QANTAS AIRWAYS LTD			122,178	239,962
S67116962	JAPAN PETROLEUM EXPLORATION CO			22,000	697,277
S67132050	HONEYS CO LTD			15,070	118,529
S67442947	T&D HOLDINGS INC			83,900	1,020,278
S67472043	ROHM CO LTD.			5,200	319,213
S67610006	ANGLO PLATINUM LTD			6,320	186,354
S67728535	SAN-IN GODO BK, LTD.			29,000	219,867
S67754325	SANKYO CO LTD			10,600	366,904
S68040351	SHIMAMURA CO., LTD.			5,100	442,387
S68046820	SHIONOGI & CO., LTD.			20,460	533,279
S68047455	SHINKAWA LTD			18,410	100,576
S68049279	SHINKO ELEC INDUS CO., LTD.			40,500	278,681
S68415264	STAR MICRONICS CO., LTD.			18,600	238,909
S68655604	SUZUKEN CO LTD			1,800	50,144
S68694983	TACHI-S CO., LTD.			16,000	221,794
S68699594	TAIKISHA LTD			12,600	276,497
S68704451	TAKEDA PHARMACEUTICAL CO LTD			30,800	1,283,558
S68935501	TOCHIGI BANK LTD/THE			27,000	120,706
S68939149	TOKAI RUBBER INDUSTRIES INC			21,300	161,489
S68939479	HIGASHI-NIPPON BK LTD			17,000	47,783
S68940253	TOKAI RIKA CO., LTD.			26,550	564,017
S68943042	TOKYO SEIMITSU CO., LTD.			25,100	510,604
S68948983	TOKYO OHKA KOGYO CO LTD			7,450	229,909
S68949288	TOPRE CORPORATION			5,600	81,131
S68958792	TOKYO STEEL MANU CO., LTD.			42,000	262,029
S68972629	TOSHIBA MACH			112,000	449,326
S69005460	TOYOTA INDUSTRIES CORPORATION			9,500	492,056
S69005577	TOYODA GOSEI CO LTD			17,600	357,740
S69005916	TOYOTA BOSHOKU CORP			25,400	342,141
S69189819	USHIO INC			47,100	498,126
S69549855	ALUMINA LTD			426,773	626,903
S69849487	XEBIO CO., LTD.			23,600	395,646
S69853612	YAMANASHI CHUO BANK LTD/THE			22,000	89,545
S69854461	YAMATO KOGYO CO LTD			14,000	397,014
S69855872	YAMAZEN CORP			30,700	220,209
S69863645	YODOGAWA STEEL WORKS LTD.			31,000	116,352
S69899763	ZUKEN INC			3,600	36,632

Page 61

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
S70852595	H LUNDBECK A/S			56,508	1,127,635
S71030654	NOVARTIS AG			48,430	4,501,092
S71035265	PEUGEOT SA			31,218	386,064
S71103881	ROCHE HOLDING AG			15,368	4,174,330
S71107205	ADECCO SA-REG			5,064	350,885
S71109029	TECAN GROUP AG			2,934	333,661
S71263412	MICRONAS SEMICONDUCTOR HOLD			18,865	107,838
S71366637	JC DECAUX SA			11,116	384,225
S71450563	ENI SPA			31,023	544,696
S71541825	ING GROEP NV			106,764	1,399,125
S72124779	ESSILOR INTL			16,359	1,834,620
S72514706	SNAM SPA			137,725	683,282
S73096810	BNP PARIBAS SA			7,555	450,331
S73201543	ORSZAGPS TAKAREKPENZTAR ES KER			11,657	170,249
S73804825	SAINT GOBAIN			13,159	560,969
S74167636	KONTRON			17,623	106,730
S77925592	HEINEKEN N.V.			10,527	750,917
SB00G2567	ORIFLAME COSMETICS SA			12,016	166,542
SB00GWP69	AMVIG HOLDINGS LTD			280,000	120,957
SB019KW71	J SAINSBURY PLC			57,506	221,207
SB01TND90	BOOKER GROUP PLC			164,601	419,886
SB02JV897	GENDAI AGENCY INC			5,600	31,574
SB02PY225	SINGAPORE TELECOMMUNICATIONS L			210,000	618,067
SB03J9L73	AIRASIA			1,670,810	1,299,758
SB03MLX20	ROYAL DUTCH SHELL PLC			28,822	967,798
SB045FZ02	WELLNET CORP			14,400	255,223
SB05L3642	DENA			15,300	184,526
SB06MW587	KYOKUTO SEC			18,200	292,518
SB08SNH35	NATIONAL GRID PLC			88,192	1,262,510
SB08V9H40	COMPAGNIE PLASTIC OMNIUM			30,021	821,533
SB09M9D26	KONE OYJ			25,549	1,169,227
SB09YFD03	SAFT GROUPE S.A.			4,836	147,173
SB0C2CQ38	GDF SUEZ			22,897	538,338
SB0C3TN25	MIRAIAL CO LTD			8,600	121,653
SB0J7D919	DAIICHI SANKYO			12,800	180,211
SB0LDD867	LEM HLDGS AG			150	111,332
SB0MKZN53	TSURUHA HOLDINGS INC			5,100	297,335
SB0X6W867	AIZAWA SECURITIES CO LTD			35,200	192,008
SB10RB150	INPEX CORP			25,000	280,558
SB10RZP77	UNILEVER PLC			27,466	1,125,477
SB11Z2266	G-RESOURCES GROUP LTD			5,262,000	124,852
SB11ZRK95	LEGRAND S.A.			17,813	938,596
SB13WZ262	ZUMTOBEL			5,816	131,639
SB1429899	LEGACY OIL + GAS INC			38,360	71,537
SB142S608	KUEHNE & NAGEL INTERNATIONAL A			1,894	257,896

Page 62

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
SB14LS011	SPAR NORD BANK A/S			18,106	170,652
SB15C5570	TOTAL SA			14,182	729,683
SB1DWS050	AER LINGUS PLC			28,500	76,077
SB1FRPV87	USG PEOPLE			12,851	145,131
SB1FSLW43	TAKATA CORP			13,300	162,069
SB1FW7515	GALP ENERGIA SA			32,899	335,633
SB1G2RD88	DAI-ICHI SEIKO CO LTD			4,500	90,754
SB1HKSV68	BANCA GENERALI			7,527	209,940
SB1KJJ406	WHITBREAD			3,614	268,796
SB1KKBX66	ELECTROLUX AB			37,499	1,096,001
SB1P1JR41	TS TECH CO LTD			13,960	329,628
SB1TQ2V06	RAUBEX			72,910	138,336
SB1VQF428	ORKLA ASA			65,356	445,874
SB1WGG938	GEBERIT AG			2,106	717,225
SB1WT5G22	DSV, DE SAMMENSLUT VOGN			46,383	1,418,530
SB1XCBX91	BOLIDEN AB			37,810	606,158
SB1YXBJ76	AIR LIQUIDE SA			9,972	1,241,052
SB1YY6621	ALMIRALL SA			14,875	247,493
SB1Z4WD00	DAETWYLER HLDG AG			625	80,323
SB234WN90	DIASORIN SPA			6,300	254,085
SB249SN50	SONY FINANCIAL			24,500	364,144
SB24CGK71	RECKITT BENCKISER GROUP PLC			12,828	1,042,107
SB28DTJ67	BUREAU VERITAS SA			15,136	335,353
SB28SK094	HAMBURGER HAFEN UND LOGISTIK A			6,907	144,172
SB28XP766	INVESCO LTD			14,060	555,651
SB292JQ95	GROUPE EUROTUNNEL SA			30,791	398,668
SB2PDGW13	WH SMITH PLC			17,472	368,056
SB3BLR569	TRI-STAGE INC			2,600	33,266
SB3D0VR16	TONGYANG LIFE INSURANCE			12,285	120,151
SB3ZNGT54	GREATVIEW ASEPTIC PACKAGING CO			1,131,150	584,913
SB4LW4N32	HRT PARTICIPACOES EM PETROLEO			3,600	6,257
SB4R2R507	GRIFOLS INC			39,623	1,826,729
SB4RLNR19	NORMA GROUP AG			4,423	212,155
SB4T3BW64	GLENCORE INTERNATIONAL PLC			138,881	647,052
SB4TX8S14	AIA GROUP LTD			148,400	825,736
SB505PN71	NXP SEMICONDUCTORS NV			7,910	604,324
SB574ZG08	DELTA LLOYD NV			17,546	386,096
SB5M6XQ72	BRITISH AIRWAYS PLC			75,985	575,929
SB601QS44	DAI-ICHI LIFE INSURANCE CO. LT			21,000	322,457
SB60BD273	SUPERGROUP PLC			14,238	197,585
SB62G1B54	EDENRED			21,078	585,477
SB671GT81	FIBRA UNO ADMINISTRACION SA			145,000	427,728
SB68SQD28	COVIDIEN PLC			13,042	1,333,936
SB7FNMQ21	ELEMENT FINANCIAL CORP			54,920	670,467
SB86S2N06	FORTIS			11,566	412,935

Page 63

Cusip	Security Description	Coupon	Maturity	Par	Fair Value
SB88MHC49	HUGO BOSS AG			3,389	417,057
SB8BRV460	JAPAN AIRLINES CO LTD			10,000	300,263
SB8KF9B49	WPP GROUP PLC			35,440	743,245
SB9239357	OSRAM LICHT AG			6,007	238,125
SB946ZZ65	SPIRAX-SARCO ENGINEERING PLC			10,617	476,109
SBBFL4S00	PIRAEUS BANK SA			152,082	167,464
SBBJPFY14	DEUTSCHE ANNINGTON IMMOBILIEN			22,543	766,925
SBCRWZ184	COM FN RICHEMONT			8,647	772,761
SBCZM1B24	PROSIEBENSAT1 MEDIA AG			16,631	700,931
SBLNN3L41	COMPASS GROUP			102,088	1,752,580
SBRJL1761	UBS GROUP AG			128,303	2,206,711
W04008152	ALFA LAVAL AB			30,164	571,433
W10020118	ATLAS COPCO AB			35,790	998,504
X1687N119	ALPHA BK A.E.			901,622	510,592
Y1148A101	CATCHER TECH			86,000	670,812
Y16907100	COMPAL ELECTRONICS			171,000	120,125
Y3506N121	HONG KONG EXCHANGES & CLEAR			22,300	493,744
Y48406105	KOREAN ELEC POWER CO			11,058	429,583
Y4964V118	K-REIT ASIA			671,000	617,780
Y594BL106	PTT GLOBAL CHEMICAL PCL			500,640	779,399
Y84629107	TAIWAN SEMICONDUCTOR			217,860	972,035
	NEUBERGER BERMAN GREATER CHINA EQUITY FUND LTD			31,277	43,329,914
	CRESCENT SHORT DURATION HIGH INCOME FUND			2,511,459	24,361,148
				39,447,545	$	844,162,896

Page 64