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Portfolio holdings

American Balanced Fund®

As of March 31, 2014 (updated quarterly, upon availability)

Equity securities* Shares or principal amount Market value Percent of net assets
ABBVIE INC 2,600,000 $133,640,000 0.18%
ACE LTD 6,050,000 $599,313,000 0.82%
ALLSTATE CORP (THE) 2,000,000 $113,160,000 0.16%
AMAZON.COM INC 5,818,000 $1,957,873,360 2.69%
AMERICAN EXPRESS CO 16,224,000 $1,460,646,720 2.01%
AMERICAN TOWER CORP (REIT) 2,850,000 $233,329,500 0.32%
ANALOG DEVICES INC 5,125,000 $272,342,500 0.37%
ARCH CAPITAL GROUP LTD 3,890,000 $223,830,600 0.31%
ASML HOLDING NV 1,470,405 $136,131,797 0.19%
ASML HOLDING NV (USD) 3,812,080 $355,895,789 0.49%
AT&T INC 4,670,000 $163,776,900 0.22%
AVAGO TECHNOLOGIES LTD 3,474,000 $223,760,340 0.31%
BAKER HUGHES INC 3,000,000 $195,060,000 0.27%
BANK OF AMERICA CORP 7,000,000 $120,400,000 0.17%
BAXTER INTERNATIONAL INC 800,000 $58,864,000 0.08%
BERKSHIRE HATHAWAY INC CL A 6,500 $1,217,775,325 1.68%
BLACKROCK INC 700,000 $220,136,000 0.30%
BOEING CO 13,275,000 $1,665,879,750 2.29%
BRISTOL-MYERS SQUIBB CO 12,150,000 $631,192,500 0.87%
CANADIAN PACIFIC RAILWAY LTD 128,981 $19,326,732 0.03%
CAPITAL ONE FINANCIAL CORP 2,430,000 $187,498,800 0.26%
CATERPILLAR INC 5,300,000 $526,661,000 0.72%
CBS CORP CL B N/V 1,475,000 $91,155,000 0.12%
CHEVRON CORP 5,817,000 $691,699,470 0.95%
CHUBB CORP 1,500,000 $133,950,000 0.18%
CISCO SYSTEMS INC 17,500,000 $392,175,000 0.54%
CITIGROUP INC 8,500,000 $404,600,000 0.55%
CLIFFS NATURAL RESOURCES INC 1,993,000 $40,776,780 0.06%
COCA-COLA CO 2,580,000 $99,742,800 0.14%
COLGATE-PALMOLIVE CO 1,400,000 $90,818,000 0.12%
COMCAST CORP CL A 24,310,000 $1,215,986,200 1.67%
CONCHO RESOURCES INC 2,180,000 $267,050,000 0.37%
CONOCOPHILLIPS 4,000,000 $281,400,000 0.39%
CONSOL ENERGY INC 4,000,000 $159,800,000 0.22%
COSTCO WHOLESALE CORP 5,677,326 $634,043,768 0.87%
CUMMINS INC 3,674,400 $547,448,856 0.75%
DEERE & CO 4,960,000 $450,368,000 0.62%
DIRECTV 3,070,000 $234,609,400 0.32%
DOW CHEMICAL CO 12,980,000 $630,698,200 0.87%
DUKE ENERGY CORP 1,693,333 $120,599,176 0.17%
E.I. DU PONT DE NEMOURS AND CO 6,750,000 $452,925,000 0.62%
EMERSON ELECTRIC CO 1,100,000 $73,480,000 0.10%
ENBRIDGE INC (USD) 10,295,000 $468,525,450 0.64%
EXELON CORPORATION 3,250,000 $109,070,000 0.15%
EXPRESS SCRIPTS HOLDING CO 1,710,000 $128,403,900 0.18%
FIRSTENERGY CORP 2,343,100 $79,735,693 0.11%
GENERAL DYNAMICS CORP 1,865,000 $203,135,800 0.28%
GENERAL ELECTRIC CO 25,600,000 $662,784,000 0.91%
GENERAL MOTORS COMPANY 7,500,000 $258,150,000 0.35%
GILEAD SCIENCES INC 3,396,613 $240,683,997 0.33%
GOLDMAN SACHS GROUP INC 2,446,700 $400,891,795 0.55%
GOOGLE INC CL A 516,350 $575,477,239 0.79%
HOME DEPOT INC 22,579,349 $1,786,703,886 2.46%
HONEYWELL INTERNATIONAL INC 1,750,000 $162,330,000 0.22%
INTEL CORP 7,500,000 $193,575,000 0.27%
JOHNSON & JOHNSON 6,300,000 $618,849,000 0.85%
JOHNSON CONTROLS INC 2,445,000 $115,697,400 0.16%
JPMORGAN CHASE & CO 17,621,000 $1,069,770,910 1.47%
KIMBERLY-CLARK CORP 2,300,700 $253,652,175 0.35%
KINDER MORGAN INC 6,003,000 $195,037,470 0.27%
LAS VEGAS SANDS CORP 2,011,700 $162,505,126 0.22%
LOCKHEED MARTIN CORP 6,997,037 $1,142,196,320 1.57%
MACY'S INC 3,500,000 $207,515,000 0.28%
MAXIM INTEGRATED PRODUCTS INC 2,980,000 $98,697,600 0.14%
MERCK & CO INC 25,730,000 $1,460,692,100 2.01%
MICROSOFT CORP 56,285,000 $2,307,122,150 3.17%
MONSANTO CO 1,800,000 $204,786,000 0.28%
MOODYS CORP 4,400,000 $349,008,000 0.48%
MOSAIC COMPANY (THE) 7,505,000 $375,250,000 0.51%
NESTLE SA 8,880,000 $669,097,857 0.92%
NESTLE SA ADR 1,000,000 $75,220,000 0.10%
NIKE INC CL B 2,554,442 $188,671,086 0.26%
NORTHROP GRUMMAN CORP 1,250,000 $154,225,000 0.21%
NUCOR CORP 4,500,000 $227,430,000 0.31%
OCCIDENTAL PETROLEUM CORP 3,000,000 $285,870,000 0.39%
PARKER-HANNIFIN CORP 4,100,000 $490,811,000 0.67%
PEPSICO INC 4,470,000 $373,245,000 0.51%
PETROLEO BRASILEIRO ON ADR (PETROBRAS) 5,000,000 $65,750,000 0.09%
PFIZER INC 22,570,000 $724,948,400 1.00%
PG&E CORP 6,810,000 $294,192,000 0.40%
PHILIP MORRIS INTERNATIONAL 13,900,000 $1,137,993,000 1.57%
PHILLIPS 66 1,560,000 $120,213,600 0.16%
POTASH CORP OF SASKATCHEWAN INC (USD) 5,500,000 $199,210,000 0.27%
PROCTER & GAMBLE CO 9,790,000 $789,074,000 1.09%
ROCHE HOLDING AG 600,000 $180,351,917 0.25%
ROCKWELL COLLINS INC 1,400,000 $111,538,000 0.15%
ROYAL DUTCH SHELL PLC B ADR 9,158,000 $715,331,380 0.99%
SALESFORCE.COM INC 1,980,000 $113,038,200 0.15%
SOUTHWESTERN ENERGY COMPANY 4,395,000 $202,213,950 0.28%
SUNCOR ENERGY INC 2,000,000 $69,850,746 0.10%
SUNTRUST BANKS INC 9,400,000 $374,026,000 0.51%
T ROWE PRICE GROUP INC 720,000 $59,292,000 0.08%
TAIWAN SEMICONDUCTOR MFG CO ADR 21,300,000 $426,426,000 0.59%
TE CONNECTIVITY LTD 7,805,000 $469,939,050 0.65%
TEXAS INSTRUMENTS INC 24,115,000 $1,137,022,250 1.57%
TIME WARNER INC 3,250,000 $212,322,500 0.29%
TOTAL SA ADR 800,000 $52,480,000 0.07%
TRANSOCEAN LTD (USD) 6,100,000 $252,174,000 0.35%
UNILEVER NV NY SHRS 3,635,000 $149,471,200 0.20%
UNION PACIFIC CORP 5,915,000 $1,110,008,900 1.53%
UNITED TECHNOLOGIES CORP 3,130,000 $365,709,200 0.50%
UNITEDHEALTH GROUP INC 9,295,000 $762,097,050 1.05%
US BANCORP 8,200,000 $351,452,000 0.48%
VERISIGN INC 5,000,000 $269,550,000 0.37%
VERIZON COMMUNICATIONS INC 1,600,000 $76,112,000 0.10%
VERTEX PHARMACEUTICALS INC 427,500 $30,232,800 0.04%
VF CORP 6,800,000 $420,784,000 0.58%
WAL-MART STORES INC 1,500,000 $114,645,000 0.16%
WALT DISNEY COMPANY (THE) 5,345,000 $427,974,150 0.59%
WELLS FARGO & CO 42,215,000 $2,099,774,100 2.89%
WEYERHAEUSER CO (REIT) 12,815,242 $376,127,353 0.52%
Fixed-income securities* Shares or principal amount Market value
ABBOTT LABORATORIES 4(2) CP 4/7/2014 28,500,000 $28,499,719
ABBOTT LABORATORIES 4(2) CP 6/11/2014 63,000,000 $62,994,456
ABBOTT LABORATORIES 4(2) CP 6/23/2014 40,900,000 $40,895,419
ABBVIE INC SR UNSEC 1.75% 11-06-17 16,000,000 $16,067,472
ABBVIE INC SR UNSEC 2.9% 11-06-22 1,300,000 $1,254,011
ABBVIE INC SR UNSEC 4.4% 11-06-42 22,200,000 $21,805,328
ACE INA HOLDINGS INC SR UNSEC 2.6% 11-23-15 12,665,000 $13,049,839
ACE INA HOLDINGS INC SR UNSEC 5.875% 06-15-14 20,000,000 $20,214,800
AEPWV 2013-1 A2 3.7722% 08-01-31/28 1,310,000 $1,316,697
AESOP 13-2A A 144A 2.97% 02-20-20 25,645,000 $26,313,565
AETNA INC SR UNSEC 2.2% 03-15-19 10,050,000 $9,979,861
AFIN 2014-1 A2 0.96% 04-20-17 6,740,000 $6,752,024
AGFMT 2010-1A A1 144A 5.15% 03-25-40/58 942,759 $953,627
AID-JORDAN 2.503% 10-30-20 5,800,000 $5,785,403
AIG GROUP SR UNSEC 3.375% 08-15-20 16,000,000 $16,363,712
AIG GROUP SR UNSEC 4.125% 02-15-24 4,300,000 $4,400,560
AIG GROUP SR UNSEC 4.875% 09-15-16 6,000,000 $6,550,410
ALTRIA GROUP INC SR UNSEC 2.95% 05-02-23 12,000,000 $11,102,340
ALTRIA GROUP INC SR UNSEC 4.0% 01-31-24 7,400,000 $7,430,081
ALTRIA GROUP INC SR UNSEC 4.25% 08-09-42 20,000,000 $17,791,180
ALTRIA GROUP INC SR UNSEC 4.5% 05-02-43 30,000,000 $27,664,740
ALTRIA GROUP INC SR UNSEC 5.375% 01-31-44 4,000,000 $4,197,424
ALTRIA GROUP INC SR UNSEC 9.25% 08-06-19 5,067,000 $6,695,468
ALTRIA GROUP INC SR UNSEC 9.95% 11-10-38 13,500,000 $21,725,739
AMERICAN ELECTRIC POWER SR UNSEC 2.95% 12-15-22 16,090,000 $15,375,170
AMERICAN EXPRESS SR UNSEC 6.15% 08-28-17 22,800,000 $26,305,158
AMERICAN TOWER SR UNSEC 3.4% 02-15-19 13,550,000 $13,904,780
AMERICAN TOWER SR UNSEC 4.625% 04-01-15 10,000,000 $10,362,760
AMGEN INC SR UNSEC 2.5% 11-15-16 7,000,000 $7,238,980
AMGEN INC SR UNSEC 5.375% 05-15-43 25,000,000 $26,811,325
AMOT 2014-1 A1 FRN (L+47) 01-15-19/17 6,985,000 $6,999,571
AMOT 2014-1 A2 1.29% 01-15-19 7,675,000 $7,680,066
AMR 13-2 A EETC 144A SF 4.95% 01-15-23/07-15-24 21,171,226 $22,838,460
ANADARKO PETROLEUM CORP SR UNSEC 5.95% 09-15-16 20,500,000 $22,759,018
ANADARKO PETROLEUM CORP SR UNSEC 6.45% 09-15-36 3,700,000 $4,390,228
ANHEUSER-BUSCH INBEV SR UNSEC 1.375% 07-15-17 16,000,000 $16,039,136
ANHEUSER-BUSCH INBEV SR UNSEC 3.625% 04-15-15 33,000,000 $34,054,152
ANHEUSER-BUSCH INBEV SR UNSEC 3.7% 02-01-24 14,400,000 $14,580,202
ANHEUSER-BUSCH INBEV SR UNSEC 4.125% 01-15-15 16,500,000 $16,965,465
ANHEUSER-BUSCH INBEV SR UNSEC 7.75% 01-15-19 20,000,000 $24,807,060
ANZ NATIONAL INTL 144A LIFE SR UNSEC 3.125% 08-10-15 16,500,000 $17,037,438
ARMY& AIR FORCE EXCHANGE SERVICE 4(2) CP 5/21/2014 60,000,000 $59,988,011
AT&T CORP SR UNSEC 2.4% 08-15-16 18,000,000 $18,557,406
ATLAS COPCO 144A LIFE SR UNSEC 5.6% 05-22-17 14,000,000 $15,479,964
AVALONBAY COMMUNITIES INC SR UNSEC 3.625% 10-01-20 19,000,000 $19,573,838
AVMT 13-AVM A 144A LIFE 3.74267% 12-05-32/20 24,780,000 $25,864,373
AXA PRP 144A LIFE T1 (H) 6.379% 12-29-49/36 6,680,000 $7,089,150
BACCT 14-A1 A FRN (L+38) 06-15-21/01-15-19 11,535,000 $11,551,495
BACM 05-5 A4 5.115% 10-10-45/09-10-15 6,788,000 $7,114,299
BACM 06-1 A1A 5.378% 09-10-45 24,254,517 $25,939,309
BACM 06-3 A4 5.889% 07-10-44 6,888,938 $7,459,142
BACM 06-4 A4 5.634% 07-10-46 2,000,000 $2,165,682
BACM 07-2 AM 5.61079% 04-10-49 4,100,000 $4,537,905
BACM 07-3 A4 5.5983% 06-10-49/05-10-17 13,569,277 $14,967,822
BACM 08-1 A4 6.24615% 02-10-51/12-10-17 30,000,000 $34,189,950
BANK OF AMERICA CORP SR UNSEC 1.25% 02-14-17 25,000,000 $24,916,975
BANK OF AMERICA CORP SR UNSEC 3.625% 03-17-16 13,820,000 $14,503,924
BANK OF AMERICA CORP SR UNSEC 3.75% 07-12-16 21,955,000 $23,232,320
BANK OF AMERICA CORP SR UNSEC 4.0% 04-01-24 27,500,000 $27,527,885
BANK OF AMERICA CORP SR UNSEC 4.125% 01-22-24 15,000,000 $15,201,675
BANK OF AMERICA CORP SR UNSEC 5.625% 07-01-20 15,500,000 $17,667,923
BANK OF AMERICA CORP SR UNSEC SER L 2.65% 04-01-19 30,000,000 $30,139,920
BANK OF MONTREAL USD 144A COVERED 2.85% 06-09-15 17,000,000 $17,506,753
BANK OF NEW YORK MELLON SR UNSEC G 2.5% 01-15-16 17,000,000 $17,553,214
BANK OF NOVA SCOTIA SR UNSEC 2.55% 01-12-17 20,000,000 $20,763,240
BARCLAYS BANK PLC SR UNSEC 2.5% 02-20-19 48,450,000 $48,604,652
BARCLAYS BANK PLC USD COVERED 144A LIFE 2.25% 05-10-17 2,225,000 $2,290,793
BAT INTL FINANCE PLC 144A LIFE SR UNSEC 2.125% 06-07-17 16,000,000 $16,304,304
BAT INTL FINANCE PLC 144A LIFE SR UNSEC 9.5% 11-15-18 11,955,000 $15,615,980
BB&T CORP SR UNSEC 1.0% 04-03-17 15,000,000 $14,890,515
BB&T CORP SR UNSEC 1.6% 08-15-17 16,750,000 $16,814,923
BB&T CORP SR UNSEC 2.25% 02-01-19 15,000,000 $15,013,515
BERKSHIRE HATHAWAY FIN SR UNSEC 2.9% 10-15-20 21,500,000 $21,833,401
BERKSHIRE HATHAWAY SR UNSEC 2.0% 08-15-18 16,340,000 $16,455,965
BERKSHIRE HATHAWAY SR UNSEC 2.2% 08-15-16 23,000,000 $23,780,160
BG ENERGY CAPITAL 144A LIFE SR UNSEC 2.5% 12-09-15 7,200,000 $7,394,292
BG ENERGY CAPITAL 144A LIFE SR UNSEC 2.875% 10-15-16 12,325,000 $12,841,368
BHP BILLITON FINANCE USA SR UNSEC 3.85% 09-30-23 5,000,000 $5,133,135
BHP BILLITON FINANCE USA SR UNSEC 5.0% 09-30-43 6,000,000 $6,374,148
BNP PARIBAS SR UNSEC 2.4% 12-12-18 15,000,000 $15,012,140
BNP PARIBAS SR UNSEC 2.45% 03-17-19 20,800,000 $20,857,907
BNP PARIBAS SR UNSEC 3.6% 02-23-16 13,000,000 $13,653,055
BNP PARIBAS SR UNSEC 5.0% 01-15-21 6,750,000 $7,503,725
BOEING CO SR UNSEC 0.95% 05-15-18 12,000,000 $11,615,628
BOSTON PROPERTIES SR UNSEC 3.7% 11-15-18 20,000,000 $21,242,700
BPCE SA LT2 SUB 144A LIFE 5.15% 07-21-24 30,925,000 $30,830,741
BPCE SA LT2 SUB 144A LIFE 5.7% 10-22-23 1,545,000 $1,609,102
BRANDYWINE OPER PARTNERSHIP LP SR UNSEC 3.95% 02-15-23 1,639,000 $1,612,725
BRITISH TELECOM PLC SR UNSEC 2.35% 02-14-19 18,950,000 $18,889,265
BSCMS 05-PW10 AM 5.449% 12-11-40 20,000,000 $21,268,900
BSCMS 07-PW17 A1A 5.65% 06-11-50/08-11-17 2,216,212 $2,453,843
BSCMS 07-PW17 A4 5.694% 06-11-50/17 9,665,000 $10,823,147
BSCMS 07-PW18 A4 5.7% 06-11-50/10-11-17 6,250,000 $7,023,300
BSCMS 07-PW18 AM 6.084% 06-11-50/11-11-17 6,425,000 $7,296,037
BURLINGTON NORTHERN SANTA FE SR UNSEC 3.0% 03-15-23 21,300,000 $20,145,114
BURLINGTON NORTHERN SANTA FE SR UNSEC 3.75% 04-01-24 6,820,000 $6,854,700
BURLINGTON NORTHERN SANTA FE SR UNSEC 3.85% 09-01-23 6,000,000 $6,093,906
BURLINGTON NORTHERN SANTA FE SR UNSEC 4.1% 06-01-21 2,000,000 $2,110,698
BURLINGTON NORTHERN SANTA FE SR UNSEC 4.9% 04-01-44 15,000,000 $15,522,060
CADES USD 144A LIFE SR UNSEC 1.125% 01-30-17 9,205,000 $9,221,569
CADES USD 144A LIFE SR UNSEC 3.375% 03-20-24 10,000,000 $9,943,320
CANADIAN NATIONAL RAILWAY CO SR UNSEC 1.45% 12-15-16 8,900,000 $9,006,124
CANADIAN NATURAL RESOURCES SR UNSEC 3.8% 04-15-24 1,720,000 $1,732,444
CANADIAN NATURAL RESOURCES SR UNSEC 5.70% 05-15-17 11,925,000 $13,433,191
CARDINAL HEALTH INC SR UNSEC 4.0% 06-15-15 37,100,000 $38,491,436
CARDINAL HEALTH INC SR UNSEC 4.625% 12-15-20 14,500,000 $15,773,086
CARMX 14-1 A2 0.47% 02-15-17 9,670,000 $9,636,252
CARMX 14-1 A3 0.79% 10-15-18 16,285,000 $16,256,664
CARNIVAL CORP SR UNSEC 3.95% 10-15-20 5,000,000 $5,106,890
CAS 13-C01 M1 FRN 144A LIFE (L+200) 10-25-23 940,215 $958,023
CAS 14-C01 M1 FRN 144A LIFE (L+160) 01-25-24 1,959,389 $1,980,668
CATHOLIC HEALTH INITIATIVES TAXABLE 1.6% 11-01-17 2,000,000 $1,962,406
CCART 14-AA A3 144A 0.83% 09-17-18 6,225,000 $6,221,203
CCART 14-AA A4 144A 1.31% 05-15-19 4,150,000 $4,138,339
CCCIT 14-A2 A2 1.02% 02-22-19/17 16,380,000 $16,382,129
CD 05-CD1 A4 5.21625% 07-15-44 9,225,765 $9,690,873
CD 06-CD3 A5 5.617% 10-15-48 23,965,000 $26,006,578
CENOVUS ENERGY INC SR UNSEC 3.0% 08-15-22 7,395,000 $7,088,322
CENOVUS ENERGY SR UNSEC 3.8% 09-15-23 23,000,000 $22,967,823
CENTERPOINT ENERGY SR UNSEC 4.5% 01-15-21 8,751,000 $9,468,468
CF 14-1A A 144A LIFE FRN (L+42) 03-07-26/02-07-17 17,095,000 $17,103,548
CGCMT 06-C5 A4 5.431% 10-15-49 6,352,000 $6,940,304
CGCMT 14-GC19 A4 4.023% 03-10-47/01-10-24 10,105,000 $10,468,780
CHEVRON CORP SR UNSEC 3.191% 06-24-23 4,000,000 $3,959,920
CHEVRON USCP 4(2) CP 5/7/2014 78,000,000 $77,988,692
CHEVRON USCP 4(2) CP 5/8/2014 59,200,000 $59,191,110
CITIGROUP INC SR UNSEC 2.5% 09-26-18 15,000,000 $15,101,520
CITIGROUP INC SR UNSEC 3.875% 10-25-23 17,000,000 $16,915,578
CITIGROUP INC SR UNSEC 3.953% 06-15-16 13,050,000 $13,836,028
CITIGROUP INC SR UNSEC 4.587% 12-15-15 20,950,000 $22,231,218
CITIGROUP INC SR UNSEC 8.5% 05-22-19 8,416,000 $10,737,310
CLIFFS NATURAL RESOURCES SR UNSEC 4.875% 04-01-21 9,310,000 $9,082,501
CME GROUP INC SR UNSEC 5.3% 09-15-43 6,800,000 $7,638,406
CMS ENERGY CORP SR UNSEC 3.875% 03-01-24 6,810,000 $6,914,942
CMS ENERGY CORP SR UNSEC 8.75% 06-15-19 850,000 $1,092,628
CNA FINANCIAL CORP SR UNSEC 3.95% 05-15-24 11,770,000 $11,849,530
CNA FINANCIAL CORP SR UNSEC 5.85% 12-15-14 25,000,000 $25,915,000
CNA FINANCIAL CORP SR UNSEC 6.5% 08-15-16 16,000,000 $17,972,128
COBANK ACB FRN 144A SUB NT (L+60) 06-15-22/17 23,425,000 $21,375,313
COCA-COLA CO 4(2) CP 4/21/2014 20,200,000 $20,199,048
COCA-COLA CO 4(2) CP 5/22/2014 55,000,000 $54,993,588
COCA-COLA CO 4(2) CP 7/16/2014 85,500,000 $85,476,915
COCA-COLA CO 4(2) CP 7/21/2014 31,400,000 $31,390,706
COCA-COLA CO 4(2) CP 8/19/2014 75,000,000 $74,966,550
COCA-COLA CO SR UNSEC 1.5% 11-15-15 18,970,000 $19,274,696
COCA-COLA CO SR UNSEC 1.8% 09-01-16 17,500,000 $17,954,239
COCA-COLA CO SR UNSEC 3.2% 11-01-23 26,950,000 $26,560,707
COLOMBIA REP OF 5.625% 02-26-44 15,000,000 $15,735,000
COMCAST CORP SR UNSEC 3.6% 03-01-24 1,600,000 $1,612,243
COMCAST CORP SR UNSEC 4.65% 07-15-42 2,800,000 $2,803,741
COMCAST CORP SR UNSEC 4.75% 03-01-44 22,000,000 $22,420,266
COMCAST CORP SR UNSEC 6.3% 11-15-17 16,750,000 $19,487,051
COMCAST CORP SR UNSEC 6.45% 03-15-37 15,000,000 $18,513,345
COMM 06-C8 A1A 5.292% 12-10-46/16 19,970,167 $21,914,582
COMM 2014-UBS2 A5 3.961% 03-10-47/02-10-24 5,310,000 $5,463,884
COMMONWEALTH BK OF AUSTRALIA 144A LIFE COVERED 0.75% 01-13-17/15-16 13,000,000 $13,019,799
COMMONWEALTH BK OF AUSTRALIA 144A LIFE COVERED 1.875% 12-11-18 5,700,000 $5,649,726
CONAGRA FOODS INC SR UNSEC 1.9% 01-25-18 4,220,000 $4,189,202
CONAGRA FOODS INC SR UNSEC 3.2% 01-25-23 6,800,000 $6,507,722
CONOCOPHILLIPS SR UNSEC 1.05% 12-15-17 16,000,000 $15,828,128
CONTL AIR 01-1 A1 SF 6.703% 12-15-22/06-15-21 6,425,090 $7,067,599
CONTL AIR 97-1 A EETC SF 7.461% 10-01-16/4-01-15 1,580,772 $1,616,339
CONTL AIR 97-4 A EETC SF 6.9% 01-02-18/07-02-19 2,700,740 $2,925,239
CONTL AIR 98-1 A EETC SF 6.648% 09-15-17/03-15-19 3,756,709 $4,003,243
CONTL AIRLINES EETC 991A SF 6.545% 08-02-20/02-02-19 5,607,201 $6,243,268
CORPORATE OFFICE PROP LP SR UNSEC 3.6% 05-15-23 12,100,000 $11,208,847
CORPORATE OFFICE PROP LP SR UNSEC 5.25% 02-15-24 34,500,000 $36,069,509
COVENTRY HEALTH CARE SR UNSEC 6.3% 08-15-14 11,955,000 $12,199,540
COX COMMUNICATIONS 144A LIFE SR UNSEC 2.95% 06-30-23 32,000,000 $29,266,752
COX COMMUNICATIONS SR UNSEC 5.45% 12-15-14 4,956,000 $5,123,562
CSFB 02-30 1A1 PT 7.5% 11-25-32 511,786 $556,439
CSFB 02-34 1A1 PT 7.5% 12-25-32 793,884 $846,511
CSFB 03-21 5A1 PT 6.5% 07-25-33 704,270 $758,076
CSFB 03-29 5A1 PT 7.0% 12-25-33 1,217,281 $1,337,719
CSFB 04-5 4A1 PT1 6.0% 09-25-34 4,113,731 $4,461,094
CSMC 07-C3 A1A1 5.67832% 06-15-39 8,201,777 $8,934,958
CSMC 07-C5 A4 5.695% 09-15-40/17 18,360,000 $20,298,228
CSX CORP SR UNSEC 6.25% 04-01-15 5,990,000 $6,323,128
CVS CAREMARK CORP SR UNSEC 4.0% 12-05-23 9,800,000 $10,033,906
CWHL 03-56 6A1 ARH5 2.68606% 12-25-33 3,036,956 $3,029,130
CWL 04-BC1 M1 FRN (L+50) 04-25-34 2,776,276 $2,643,181
DAIMLER AG 144A LIFE SR UNSEC 1.3% 07-31-15 16,000,000 $16,117,648
DAIMLER AG 144A LIFE SR UNSEC 2.4% 04-10-17 25,000,000 $25,737,775
DAIMLER FINANCE NA 144A LIFE SR UNSEC 2.875% 03-10-21 14,900,000 $14,777,001
DANAHER CORP SR UNSEC 2.3% 06-23-16 16,795,000 $17,367,122
DBUBS 2011-LC1 A1 144A 3.742% 11-10-46/06-10-17 13,543,062 $14,150,739
DBUBS 2011-LC1 A3 144A 5.002% 11-10-46/01-10-21 9,500,000 $10,628,420
DBUBS 2011-LC2A A2 144A 3.386% 07-10-44/06-10-16 19,030,000 $19,889,947
DDR CORP SR UNSEC 3.5% 01-15-21 21,000,000 $20,884,416
DENTSPLY INTL INC SR UNSEC 2.75% 08-15-16 9,830,000 $10,179,466
DEUTSCHE TELEKOM 144A LIFE SR UNSEC 4.875% 03-06-42 620,000 $626,033
DEUTSCHE TELEKOM SR UNSEC 4.875% 07-08-14 15,500,000 $15,680,188
DEUTSCHE TELEKOM SR UNSEC 9.25% 06-01-32 9,719,000 $15,062,098
DEVELOPERS DIVERS REALTY SR UNSEC 7.875% 09-01-20 6,365,000 $7,918,429
DEVELOPERS DIVERS REALTY SR UNSEC 9.625% 03-15-16 1,825,000 $2,114,996
DEVON ENERGY CORP SR UNSEC 2.25% 12-15-18 31,270,000 $31,145,045
DEVON ENERGY CORP SR UNSEC 3.25% 05-15-22 22,500,000 $22,202,730
DEXIA BE/FR/LU GOVT GTD 144A LIFE 1.25% 10-18-16 2,300,000 $2,304,025
DEXIA BE/FR/LU GOVT GTD 144A LIFE 2.25% 01-30-19 15,150,000 $15,086,067
DIAMOND OFFSHORE DRILLING SR UNSEC 4.875% 11-01-43 10,430,000 $10,211,940
DISCOVER BANK SR UNSEC 4.2% 08-08-23 16,955,000 $17,419,703
DISNEY WALT CO SR UNSEC 0.875% 12-01-14 15,500,000 $15,555,614
DISNEY WALT CO SR UNSEC 1.1% 12-01-17 14,255,000 $14,123,783
DOLLAR GENERAL CORP SR UNSEC 3.25% 04-15-23 10,829,000 $10,243,779
DUKE ENERGY CORP SR UNSEC 3.95% 10-15-23 7,000,000 $7,191,835
E.ON 144A LIFE SR UNSEC 5.8% 04-30-18 24,450,000 $27,806,961
ECOLAB INC SR UNSEC 3.0% 12-08-16 12,365,000 $12,966,631
EFF 14-1 A2 144A 0.87% 09-20-19/12-20-16 11,900,000 $11,905,355
EFF 14-1 A3 144A 1.38% 09-20-19 5,000,000 $5,003,250
ELECTRICITE DE FRANCE 144A LIFE SR UNSEC 4.875% 01-22-44 2,731,000 $2,732,497
ELECTRICITE DE FRANCE 144A LIFE SR UNSEC 6.95% 01-26-39 12,000,000 $15,271,848
EMERSON ELECTRIC 4(2) CP 6/18/2014 9,200,000 $9,198,464
ENBRIDGE ENERGY PARTNERS SR UNSEC 4.2% 09-15-21 300,000 $311,118
ENBRIDGE ENERGY PARTNERS SR UNSEC 5.5% 09-15-40 15,000,000 $15,595,920
ENBRIDGE ENERGY PARTNERS SR UNSEC 6.5% 04-15-18 12,250,000 $14,154,410
ENBRIDGE ENERGY PARTNERS SR UNSEC 7.5% 04-15-38 12,250,000 $15,512,261
ENBRIDGE INC SR UNSEC 4.0% 10-01-23 45,000,000 $45,185,220
ENBRIDGE INC SR UNSEC 5.60% 04-01-17 10,000,000 $11,149,900
ENERGY NW WA ELEC COLUMBIA STATION SF TAXABLE 2.197% 07-01-19 14,500,000 $14,408,505
ENLINK MIDSTREAM PARTNERS SR UNSEC 4.4% 04-01-24 10,825,000 $11,059,708
ENTERGY CORP SR UNSEC 4.7% 01-15-17 9,600,000 $10,185,802
ENTERPRISE PRODUCTS SR UNSEC 1.25% 08-13-15 10,000,000 $10,070,120
ENTERPRISE PRODUCTS SR UNSEC 3.35% 03-15-23 13,000,000 $12,706,694
ENTERPRISE PRODUCTS SR UNSEC 3.9% 02-15-24 27,745,000 $27,949,675
ENTERPRISE PRODUCTS SR UNSEC 5.2% 09-01-20 6,355,000 $7,105,799
ERAC USA FINANCE 144A LIFE SR UNSEC 2.8% 11-01-18 9,900,000 $10,092,209
ERP OPERATING LP SR UNSEC 4.75% 07-15-20 12,000,000 $13,165,428
ERP OPERATING LP SR UNSEC 5.375% 08-01-16 25,000,000 $27,497,150
EUROPEAN INVT BK 3.25% 01-29-24 10,000,000 $10,207,500
EXPRESS SCRIPTS INC SR UNSEC 3.125% 05-15-16 5,000,000 $5,212,175
EXXON CORP CP 4/2/2014 26,900,000 $26,899,790
EXXON CORP CP 4/7/2014 56,100,000 $56,098,465
EXXON MOBIL CORP SR UNSEC 1.819% 03-15-19 20,000,000 $19,886,320
EXXON MOBIL CORP SR UNSEC 3.176% 03-15-24 10,500,000 $10,489,658
EXXON MOBIL SR UNSEC 0.921% 03-15-17 15,000,000 $15,009,810
FED FARM CR DISC NT 10/21/2014 25,000,000 $24,985,750
FED FARM CR DISC NT 8/15/2014 20,000,000 $19,995,200
FED FARM CR DISC NT 9/3/2014 35,000,000 $34,989,500
FED FARM CR DISC NT 9/9/2014 50,000,000 $49,984,000
FED HM LN BK DISC NT 05-16-14 38,300,000 $38,296,644
FED HM LN BK DISC NT 06-17-14 16,700,000 $16,697,829
FED HM LN BK DISC NT 06-20-14 50,000,000 $49,993,500
FED HM LN BK DISC NT 10/14/2014 17,300,000 $17,291,004
FED HM LN BK DISC NT 4/16/2014 14,700,000 $14,699,673
FED HM LN BK DISC NT 4/22/2014 50,000,000 $49,998,199
FED HM LN BK DISC NT 4/25/2014 40,500,000 $40,498,394
FED HM LN BK DISC NT 4/30/2014 29,800,000 $29,798,536
FED HM LN BK DISC NT 4/4/2014 49,060,000 $49,059,752
FED HM LN BK DISC NT 4/9/2014 22,030,000 $22,029,513
FED HM LN BK DISC NT 5/2/2014 106,400,000 $106,394,325
FED HM LN BK DISC NT 5/22/2014 14,500,000 $14,498,743
FED HM LN BK DISC NT 5/23/2014 124,900,000 $124,887,162
FED HM LN BK DISC NT 5/28/2014 75,000,000 $74,993,582
FED HM LN BK DISC NT 6/18/2014 46,773,000 $46,766,920
FED HM LN BK DISC NT 6/6/2014 35,100,000 $35,096,139
FED HM LN BK DISC NT 7/16/2014 41,300,000 $41,292,566
FED HM LN BK DISC NT 7/18/2014 58,800,000 $58,789,416
FED HM LN BK DISC NT 7/23/2014 135,200,000 $135,174,312
FED HM LN BK DISC NT 7/25/2014 84,100,000 $84,084,021
FED HM LN BK DISC NT 7/9/2014 19,200,000 $19,196,928
FED HM LN BK DISC NT 8/13/2014 28,000,000 $27,993,560
FED HM LN BK DISC NT 8/27/2014 100,000,000 $99,973,000
FED HM LN BK DISC NT 8/6/2014 105,300,000 $105,276,834
FED HM LN BK DISC NT 8/8/2014 14,000,000 $13,996,920
FED HM LN BK DISC NT 9/16/2014 25,000,000 $24,991,000
FED HM LN MTG CORP DISC NT 04-08-14 3,700,000 $3,699,923
FED HM LN MTG CORP DISC NT 04-24-14 19,400,000 $19,399,325
FED HM LN MTG CORP DISC NT 05-06-14 59,300,000 $59,295,450
FED HM LN MTG CORP DISC NT 05-13-14 51,300,000 $51,295,660
FED HM LN MTG CORP DISC NT 10/2/2014 25,000,000 $24,989,000
FED HM LN MTG CORP DISC NT 10/22/2014 75,000,000 $74,956,500
FED HM LN MTG CORP DISC NT 10/24/2014 25,000,000 $24,985,250
FED HM LN MTG CORP DISC NT 11/20/2014 100,000,000 $99,919,000
FED HM LN MTG CORP DISC NT 11/3/2014 29,700,000 $29,680,101
FED HM LN MTG CORP DISC NT 4/25/2014 14,200,000 $14,199,437
FED HM LN MTG CORP DISC NT 5/14/2014 19,800,000 $19,798,429
FED HM LN MTG CORP DISC NT 5/9/2014 36,600,000 $36,597,054
FED HM LN MTG CORP DISC NT 6/13/2014 14,400,000 $14,398,272
FED HM LN MTG CORP DISC NT 6/30/2014 19,300,000 $19,297,105
FED HM LN MTG CORP DISC NT 7/1/2014 38,200,000 $38,194,270
FED HM LN MTG CORP DISC NT 8/1/2014 22,700,000 $22,695,460
FED HM LN MTG CORP DISC NT 8/18/2014 38,100,000 $38,090,475
FED HM LN MTG CORP DISC NT 9/16/2014 94,900,000 $94,865,836
FED HM LN MTG CORP DISC NT 9/3/2014 75,000,000 $74,977,500
FED NAT MTG DISC NT 05-05-14 50,000,000 $49,996,557
FED NAT MTG DISC NT 5/27/2014 50,000,000 $49,994,861
FED NAT MTG DISC NT 8/1/2014 30,000,000 $29,994,000
FED NAT MTG DISC NT 8/27/2014 30,000,000 $29,991,900
FED NAT MTG DISC NT 9/2/2014 29,950,000 $29,941,315
FFCB FRN (L+5.5) 02-27-17 23,143,000 $23,147,999
FGCI 5.0 G13156 05-01-23 3,955,779 $4,256,932
FGCI 5.0 G13202 07-01-23 5,627,459 $6,058,466
FGCI 5.0 G13644 07-01-24 7,645,903 $8,282,417
FGCI 5.0 J07781 05-01-23 2,291,120 $2,466,116
FGCI 5.0 J07908 05-01-23 1,059,467 $1,140,113
FGCI 5.0 J07922 06-01-23 935,439 $1,006,607
FGCI 5.0 J07929 06-01-23 905,293 $973,670
FGLMC 4.0 Q19731 150K MAX 07-01-43 1,864,232 $1,939,478
FGLMC 4.0 Q22946 150K MAX 11-01-43 45,842,678 $47,697,840
FGLMC 4.0 Q23185 85K MAX 11-01-43 580,676 $606,043
FGLMC 4.0 Q23187 110K MAX 11-01-43 926,790 $966,401
FGLMC 4.0 Q23190 125K MAX 11-01-43 1,154,296 $1,201,119
FGLMC 4.0 Q23211 125K MAX 11-01-43 773,254 $804,634
FGLMC 4.0 Q23217 150K MAX 11-01-43 1,333,773 $1,387,691
FGLMC 4.5 A90351 01-01-40 1,007,496 $1,075,987
FGLMC 4.5 A96552 01-01-41 835,063 $891,214
FGLMC 4.5 A97543 03-01-41 2,536,876 $2,710,216
FGLMC 4.5 A97669 03-01-41 1,141,380 $1,219,489
FGLMC 4.5 G05937 08-01-40 23,311,266 $24,907,458
FGLMC 4.5 Q01190 06-01-41 893,497 $953,995
FGLMC 4.5 Q03795 10-01-41 538,427 $574,506
FGLMC 4.5 Q03821 10-01-41 2,596,234 $2,774,328
FGLMC 6.0 G04477 08-01-38 544,234 $603,567
FGLMC 6.0 G04552 09-01-38 3,314,176 $3,678,974
FGTW 4.5 C90684 05-01-23 99,831 $106,410
FGTW 4.5 D98200 07-01-29 575,030 $621,354
FGTW 4.5 D98551 03-01-31 651,208 $706,351
FGTW 4.5 G30335 06-01-27 491,654 $532,109
FGTW 6.0 C90984 08-01-26 2,908,923 $3,207,088
FGTW 6.0 C90994 10-01-26 2,297,977 $2,534,692
FGTW 6.0 C91000 11-01-26 1,953,519 $2,154,693
FGTW 6.5 C91130 12-01-27 396,917 $442,471
FGTW 6.5 C91150 01-01-28 677,335 $755,181
FGTW 6.5 D97504 12-01-27 1,392,314 $1,551,929
FGTW 6.5 D97509 85K MAX 12-01-27 380,835 $425,008
FHLB 0.375% 02-19-16 21,230,000 $21,208,133
FHLB 0.625% 12-28-16 15,860,000 $15,802,111
FHLB 1.875% 03-13-20 25,660,000 $25,289,213
FHLB 3.375% 09-08-23 16,840,000 $17,269,252
FHLMC 0.5% 05-13-16 175,245,000 $175,218,713
FHLMC 0.75% 01-12-18 200,400,000 $196,029,276
FHLMC 0.875% 10-14-16 50,000,000 $50,134,500
FHLMC 1.75% 09-10-15 22,425,000 $22,906,016
FHLMC 2.375% 01-13-22 27,000,000 $26,346,060
FHLMC 2.5% 05-27-16 83,400,000 $86,948,670
FHMS K019 A2 (MF) 2.272% 03-25-22 16,000,000 $15,305,520
FHMS K021 A2 (MF) 2.396% 06-25-22 16,555,000 $15,861,511
FHMS K023 A2 (MF) 2.307% 08-25-22 17,995,000 $17,062,679
FHMS K025 A2 (MF) 2.682% 10-25-22 15,904,000 $15,468,708
FHMS K027 A2 (MF) 2.637% 01-25-23 14,500,000 $14,048,557
FHMS K028 A2 (MF) 3.111% 02-25-23 19,600,000 $19,624,696
FHMS K030 A1 (MF) 2.779% 09-25-22 18,519,671 $18,978,588
FHMS K034 A1 (MF) 2.669% 02-25-23 17,359,500 $17,594,687
FHMS K034 A2 (MF) 3.531% 07-25-23 5,975,000 $6,155,164
FHMS K035 A1 (MF) 2.615% 03-25-23 7,001,780 $7,072,491
FHMS K036 A1 (MF) 2.777% 04-25-23 6,975,095 $7,083,628
FHMS K036 A2 (MF) 3.527% 10-25-23 27,185,000 $27,834,450
FHMS K709 A2 (MF) 2.086% 03-25-19 10,300,000 $10,322,279
FHMS K710 A2 (MF) 1.883% 05-25-19 16,115,000 $15,977,861
FHMS K711 A2 (MF) 1.73% 07-25-19 20,000,000 $19,634,940
FHMS K712 A2 (MF) 1.869%11-25-19 13,765,000 $13,522,598
FHMS K714 A2 (MF) 3.034% 10-25-20 19,620,000 $20,270,992
FHMS KF02 A3 (MF) FRN (L +63) 07-25-20 4,023,113 $4,039,447
FHMS KGRP A (MF) FRN (L+38) 04-25-20 9,200,000 $9,221,988
FHMS KS01 A1 (MF) 1.693% 01-25-22 5,581,237 $5,511,639
FHR 3061 PN PAC1 5.5% 11-15-35 3,592,682 $3,919,619
FHR 3146 PO PAC PO .0% 04-15-36 4,091,660 $3,623,173
FHR 3156 PO PAC PO .0% 05-15-36 5,654,082 $5,154,459
FHR 3233 PA PACS 6% 10-15-36 10,249,801 $11,420,738
FHR 3272 PA 6% 02-15-37 5,877,939 $6,511,169
FHR 3312 PA PAC 5.5% 05-15-37 7,392,379 $8,085,488
FHR 3318 JT PAC 5.5% 05-15-37 7,526,343 $8,232,238
FITAT 14-1 A3 0.68% 04-16-18/01-16-17 9,300,000 $9,310,332
FMS WERTMANAGEMENT SR UNSEC 1.625% 11-20-18 5,000,000 $4,978,141
FNA 12-M14 A2 (MF) 2.301% 09-25-22 8,570,000 $8,097,536
FNA 12-M17 A2 (MF) 2.18395% 11-25-22 18,500,000 $17,198,581
FNA 12-M5 A2 (MF) 2.715% 02-25-22 14,000,000 $13,742,960
FNA 12-M8 ASQ2 (MF) 1.52042% 12-25-19 16,665,000 $16,642,819
FNA 12-M9 A2 (MF) 2.482% 04-25-22 21,843,235 $21,025,643
FNA 13-M14 A2 (MF) 3.329% 10-25-23 24,641,672 $24,843,044
FNA 14-M1 A2 (MF) 3.39397% 07-25-23 23,125,000 $23,342,907
FNA 14-M2 A2 (MF) 3.513% 12-25-23 38,705,000 $39,514,554
FNA 14-M2 ASQ2 (MF) 0.478% 09-25-15 11,055,000 $11,058,726
FNA 14-M3 A2 (MF) 3.501% 01-25-24 38,380,000 $38,832,040
FNCI 2.5 AB6838 110K MAX 11-01-27 38,673,412 $38,785,488
FNCI 2.5 AB6840 175K MAX 11-01-27 36,456,023 $36,561,672
FNCI 2.5 AB7451 150K MAX 01-01-28 28,839,897 $28,855,557
FNCI 2.5 AJ7711 12-01-26 8,054,130 $8,089,858
FNCI 2.5 AP8322 11-01-28 2,976,407 $2,982,675
FNCI 2.5 AP9419 150K MAX 09-01-27 1,242,686 $1,246,291
FNCI 2.5 AQ0698 125K MAX 10-01-27 2,161,767 $2,162,941
FNCI 2.5 AQ0722 85K MAX 12-01-27 2,319,998 $2,321,680
FNCI 2.5 AQ0873 150K MAX 10-01-27 2,623,484 $2,624,908
FNCI 2.5 AQ1919 150K MAX 10-01-27 1,062,308 $1,062,885
FNCI 2.5 AQ4114 09-01-28 2,828,619 $2,830,155
FNCI 2.5 AQ4252 110K MAX 11-01-27 1,049,740 $1,050,339
FNCI 2.5 AQ9360 150K MAX 01-01-28 6,785,882 $6,805,568
FNCI 2.5 AR3051 150K MAX 01-01-28 1,942,623 $1,943,677
FNCI 2.5 AT3239 85K MAX 06-01-28 27,932,444 $28,012,946
FNCI 2.5 AT3242 150K MAX 06-01-28 18,795,469 $18,805,675
FNCI 2.5 AT3711 04-01-28 482,388 $483,403
FNCI 2.5 AT4304 150K MAX 06-01-28 12,853,834 $12,860,813
FNCI 2.5 AT4305 06-01-28 945,047 $947,037
FNCI 2.5 AT4311 110K MAX 06-01-28 9,321,823 $9,327,108
FNCI 2.5 AT7730 85K MAX 07-01-28 31,968,323 $31,991,373
FNCI 2.5 AT7856 85K MAX 06-01-28 79,804,388 $79,862,007
FNCI 2.5 AT7857 110K MAX 06-01-28 118,179,799 $118,246,925
FNCI 2.5 AU2135 08-01-28 1,187,970 $1,190,472
FNCI 2.5 AU6957 10-01-28 2,922,379 $2,928,533
FNCI 2.5 AU9762 10-01-28 2,840,014 $2,845,995
FNCI 3.0 AL2740 07-01-27 25,380,124 $26,144,344
FNCI 3.0 AL3803 06-01-28 98,363,660 $101,319,094
FNCI 4.0 AU4367 150K MAX 10-01-43 11,578,351 $12,054,905
FNCI 4.5 AD3149 04-01-25 7,690,406 $8,277,838
FNCI 4.5 AD5692 05-01-25 8,040,465 $8,655,947
FNCL 3.0 AB7821 02-01-43 11,759,410 $11,389,518
FNCL 3.0 AB8716 85K MAX 03-01-43 4,439,255 $4,296,484
FNCL 3.0 AB8897 04-01-43 4,936,248 $4,780,979
FNCL 3.0 AB8936 85K MAX 04-01-43 4,157,073 $4,023,199
FNCL 3.0 AB9244 05-01-43 1,241,448 $1,202,398
FNCL 3.0 AB9744 06-01-43 8,260,950 $8,001,102
FNCL 3.0 AK8337 09-01-43 20,000,000 $19,370,900
FNCL 3.0 AP1212 05-01-43 904,278 $875,134
FNCL 3.0 AP6044 06-01-43 980,436 $949,596
FNCL 3.0 AQ8107 05-01-43 1,192,016 $1,154,522
FNCL 3.0 AR3983 04-01-43 964,070 $933,745
FNCL 3.0 AR6434 08-01-43 17,000,001 $16,465,266
FNCL 3.0 AR9588 85K MAX 03-01-43 6,582,452 $6,369,918
FNCL 3.0 AS0044 07-01-43 2,584,013 $2,502,733
FNCL 3.0 AS0302 08-01-43 994,305 $963,029
FNCL 3.0 AS0303 08-01-43 4,971,839 $4,815,449
FNCL 3.0 AT1599 07-01-43 1,992,236 $1,929,570
FNCL 3.0 AT2016 04-01-43 39,665,141 $38,417,474
FNCL 3.0 AT2725 05-01-43 4,962,625 $4,806,526
FNCL 3.0 AT3164 04-01-43 23,063,220 $22,337,767
FNCL 3.0 AT4941 05-01-43 975,211 $944,536
FNCL 3.0 AT5898 06-01-43 775,909 $751,503
FNCL 3.0 AT5995 05-01-43 973,584 $942,960
FNCL 3.0 AT7623 06-01-43 43,201,513 $41,842,609
FNCL 3.0 AT8152 08-01-43 996,567 $965,220
FNCL 3.0 AT8317 07-01-43 877,595 $849,990
FNCL 3.0 AT8352 07-01-43 2,989,035 $2,895,015
FNCL 3.0 AT9528 07-01-43 866,040 $838,799
FNCL 3.0 AU1628 07-01-43 171,465,327 $166,071,885
FNCL 3.0 AU2918 08-01-43 14,000,001 $13,559,631
FNCL 3.0 AU2972 07-01-43 889,388 $861,413
FNCL 3.0 AU3353 08-01-43 4,964,035 $4,807,891
FNCL 3.0 AU3361 08-01-43 4,915,268 $4,760,658
FNCL 3.0 AU6069 08-01-43 2,990,003 $2,895,952
FNCL 3.0 AU6195 08-01-43 17,000,000 $16,465,265
FNCL 3.0 AU6735 10-01-43 8,600,001 $8,329,488
FNCL 3.0 AU9638 09-01-43 212,070 $205,399
FNCL 3.0 AV0365 01-01-44 168,233 $162,941
FNCL 3.0 MA1430 05-01-43 2,913,445 $2,821,802
FNCL 3.0 MA1489 07-01-43 2,008,192 $1,945,024
FNCL 3.0 MA1560 09-01-43 22,994,355 $22,271,068
FNCL 3.0 MA1666 11-01-43 18,000,001 $17,433,811
FNCL 3.5 AB5495 125K MAX 07-01-42 7,424,517 $7,483,178
FNCL 3.5 AO2993 MHA 05-01-42 26,182,559 $26,366,832
FNCL 3.5 AT2022 LTV 04-01-43 57,787,020 $58,284,047
FNCL 3.5 AT2035 MHA 04-01-43 51,791,304 $52,155,812
FNCL 3.5 AT2741 MHA 05-01-43 32,556,312 $32,785,444
FNCL 3.5 AT6309 06-01-43 9,517,853 $9,599,716
FNCL 3.5 AT7207 06-01-43 21,516,450 $21,701,513
FNCL 3.5 AT7680 200K MAX 06-01-43 9,629,605 $9,712,429
FNCL 3.5 AT7687 06-01-43 11,085,787 $11,181,135
FNCL 3.5 AT7689 INV 06-01-43 7,522,818 $7,575,922
FNCL 3.5 AT7696 MHA 06-01-43 20,756,656 $20,902,742
FNCL 4.0 AV2577 110K MAX 11-01-43 677,350 $706,589
FNCL 4.0 890407 125K MAX 02-01-42 13,584,668 $14,155,210
FNCL 4.0 AB1461 150K MAX 09-01-40 27,300,577 $28,423,804
FNCL 4.0 AB4050 125K MAX 12-01-41 8,213,264 $8,558,993
FNCL 4.0 AB7988 125K MAX 02-01-43 20,734,793 $21,600,927
FNCL 4.0 AE8073 125K MAX 12-01-40 4,796,576 $4,997,817
FNCL 4.0 AI1777 SATO 12-01-41 9,168,323 $9,530,022
FNCL 4.0 AI2503 05-01-41 14,338,401 $14,922,734
FNCL 4.0 AJ0257 110K MAX 09-01-41 2,714,711 $2,831,870
FNCL 4.0 AJ3635 SATO 12-01-41 15,914,237 $16,565,750
FNCL 4.0 AJ4154 125K MAX 11-01-41 3,910,295 $4,075,052
FNCL 4.0 AJ4189 125K MAX 12-01-41 4,774,191 $4,975,089
FNCL 4.0 AK1131 175K MAX 02-01-42 3,121,053 $3,247,222
FNCL 4.0 AK4783 175K MAX 03-01-42 5,548,590 $5,773,913
FNCL 4.0 AK6740 150K MAX 03-01-42 11,038,041 $11,495,932
FNCL 4.0 AK9016 150K MAX 04-01-42 19,271,094 $20,067,588
FNCL 4.0 AL0766 150K MAX 09-01-41 14,221,677 $14,810,370
FNCL 4.0 AL1102 150K MAX 12-01-41 18,656,587 $19,429,175
FNCL 4.0 AL2607 SATO 07-01-42 33,718,878 $35,094,675
FNCL 4.0 AL2745 125K MAX 03-01-42 41,182,894 $42,909,857
FNCL 4.0 AL3692 110K MAX 05-01-43 71,921,784 $75,030,603
FNCL 4.0 AO6710 85K MAX 06-01-42 7,162,349 $7,475,093
FNCL 4.0 AO8647 SATO 07-01-42 3,226,993 $3,357,699
FNCL 4.0 AO9129 SATO 07-01-42 17,998,114 $18,706,717
FNCL 4.0 AP2136 85K MAX 08-01-42 58,558,033 $61,140,267
FNCL 4.0 AP2412 85K MAX 08-01-42 28,579,869 $29,836,611
FNCL 4.0 AQ5832 110K MAX 11-01-42 11,666,203 $12,169,040
FNCL 4.0 AS0315 08-01-43 87,289,516 $90,877,202
FNCL 4.0 AT2734 110K MAX 05-01-43 3,641,846 $3,799,130
FNCL 4.0 AU2594 07-01-43 6,576,778 $6,844,111
FNCL 4.0 AU4481 07-01-43 9,820,113 $10,221,274
FNCL 4.0 AU6744 10-01-43 160,787 $167,347
FNCL 4.0 AU7332 MHA 09-01-43 5,081,369 $5,287,408
FNCL 4.0 AU8411 110K MAX 10-01-43 1,156,027 $1,205,855
FNCL 4.0 AU8813 85K MAX 11-01-43 675,984 $705,705
FNCL 4.0 AU9348 85K MAX 11-01-43 536,404 $560,022
FNCL 4.0 AU9349 110K MAX 11-01-43 654,992 $683,199
FNCL 4.0 AU9350 125K MAX 11-01-43 487,533 $507,930
FNCL 4.5 AA7976 01-01-34 20,739,624 $22,235,303
FNCL 4.5 AA8621 08-01-39 27,930,029 $29,861,782
FNCL 4.5 AD7741 07-01-40 15,306,697 $16,361,451
FNCL 4.5 AE0395 10-01-40 25,297,924 $27,054,764
FNCL 4.5 AE3049 09-01-40 19,319,412 $20,662,633
FNCL 4.5 AE5471 10-01-40 29,393,052 $31,432,988
FNCL 4.5 AH3575 01-01-41 11,375,091 $12,166,001
FNCL 4.5 AH9757 04-01-41 8,815,380 $9,425,818
FNCL 4.5 AI1058 06-01-41 11,348,750 $12,125,674
FNCL 4.5 AI1593 04-01-41 43,523,095 $46,552,999
FNCL 4.5 AS0563 09-01-43 28,720,526 $30,704,483
FNCL 4.5 AV1538 11-01-43 31,014,268 $33,125,410
FNCL 4.5 AV1539 10-01-43 6,952,778 $7,416,507
FNCL 4.5 AV1542 11-01-43 20,172,433 $21,566,348
FNCL 5.0 932752 04-01-40 2,805,461 $3,069,753
FNCL 5.0 AA0914 07-01-35 2,281,539 $2,503,505
FNCL 5.0 AD8536 08-01-40 23,678,814 $25,919,966
FNCL 5.0 AE2513 09-01-40 3,843,785 $4,201,787
FNCL 5.0 AE4689 09-01-40 2,839,084 $3,108,820
FNCL 5.0 AH5452 06-01-41 2,955,888 $3,244,979
FNCL 5.0 AH9370 04-01-41 3,354,162 $3,678,614
FNCL 5.0 AH9420 04-01-41 5,136,353 $5,632,268
FNCL 5.0 AH9938 05-01-41 1,812,196 $1,987,135
FNCL 5.0 AI0049 06-01-41 40,491 $44,199
FNCL 5.0 AI0582 05-01-41 4,191,289 $4,574,218
FNCL 5.0 AI1865 05-01-41 354,717 $388,930
FNCL 5.0 AI3894 08-01-41 862,145 $944,704
FNCL 5.0 AI4289 06-01-41 4,255,856 $4,667,622
FNCL 5.0 AI4296 06-01-41 372,617 $409,188
FNCL 5.0 AI4563 06-01-41 64,478 $70,528
FNCL 5.0 AI6576 07-01-41 778,526 $852,725
FNCL 5.0 AI6599 07-01-41 159,603 $174,868
FNCL 5.0 AI7058 07-01-41 253,273 $277,722
FNCL 5.0 AI7159 09-01-41 364,253 $397,640
FNCL 5.0 AI7218 07-01-41 2,299,223 $2,523,686
FNCL 5.0 AI8121 07-01-41 3,162,604 $3,470,762
FNCL 5.0 AJ1422 09-01-41 110,207 $121,013
FNCL 5.0 AK2147 02-01-42 663,619 $724,782
FNCL 5.0 AQ1316 10-01-42 513,263 $559,592
FNCL 5.0 MA0791 07-01-41 846,393 $928,697
FNCL 5.5 256059 01-01-36 528,570 $582,870
FNCL 5.5 357399 06-01-33 586,318 $650,585
FNCL 5.5 555880 11-01-33 5,570,669 $6,181,270
FNCL 5.5 555956 12-01-33 4,947,184 $5,489,445
FNCL 5.5 807962 150K MAX 01-01-35 1,266,409 $1,402,839
FNCL 5.5 851568 03-01-36 463,471 $511,083
FNCL 5.5 888275 01-01-35 2,409,168 $2,673,237
FNCL 5.5 889572 06-01-38 1,178,000 $1,299,616
FNCL 6.0 887695 06-01-36 1,471,045 $1,635,332
FNCL 6.0 888292 150K MAX 03-01-37 19,233,174 $21,381,135
FNCL 6.0 AE0734 08-01-39 30,325,783 $33,779,798
FNCL 6.5 745092 07-01-35 4,501,290 $5,113,308
FNCL 6.5 888746 10-01-37 4,476,032 $4,989,791
FNCL 6.5 889658 ALT A 06-01-38 6,046,693 $6,614,236
FNCZ 6.5 257030 40YR 11-01-47 629,917 $689,154
FNCZ 6.5 947661 40YR 10-01-47 94,382 $103,256
FNCZ 6.5 947705 40YR 10-01-47 386,466 $422,728
FNCZ 6.5 956150 40YR 10-01-47 58,917 $64,458
FNCZ 7.0 256893 40YR 08-01-47 25,311 $28,010
FNCZ 7.0 256975 40YR 10-01-47 271,350 $300,287
FNCZ 7.0 257036 40YR 11-01-47 518,943 $574,309
FNCZ 7.0 920015 40 YR 10-01-47 422,559 $467,596
FNCZ 7.0 946171 40YR 10-01-47 270,434 $299,289
FNCZ 7.0 947187 110K MAX 40YR 10-01-47 89,825 $99,448
FNGN30 11.0 100146 02-15-18 70,936 $77,416
FNGT 01-T10 A1 7.0% 12-25-41 322,036 $372,477
FNIONP 6.5 256860 08-01-37 4,378,067 $4,832,336
FNIONP 6.5 888372 ALT A 04-01-37 2,179,356 $2,405,486
FNIONP 7.0 256828 07-01-37 571,305 $643,033
FNIONP 7.0 888684 10-01-37 842,932 $948,838
FNIONP 7.0 888698 10-01-37 1,095,200 $1,232,735
FNMA 0.375% 07-05-16 64,125,000 $63,810,146
FNMA 0.5% 03-30-16 94,090,000 $94,135,163
FNMA 0.625% 08-26-16 62,975,000 $62,994,522
FNMA 1.875% 09-18-18 150,960,000 $152,357,890
FNMA 6.25% 05-15-29 4,000,000 $5,237,640
FNMA POOL #888950 ARH5 WP 2.232% 11-01-37 5,547,129 $5,890,163
FNMA POOL #AE0462 ARH10 4.194% 09-01-40 2,731,435 $2,906,856
FNMA POOL #AL1147 ARH10 3.556% 12-01-41 16,892,737 $17,677,421
FNMA POOL #AL1989 ARH10 4.395% 06-01-40 1,655,564 $1,768,651
FNR 01-20 D WAC 11.00674% 04-20-31 17,876 $19,012
FNR 01-50 BA 7.0% 10-25-2031/10-25-2041 249,824 $280,970
FNR 06-43 JO PAC PO .0% 06-25-36 2,408,889 $2,197,148
FNR 06-49 PA PAC1 6% 06-25-36 4,407,504 $4,851,533
FNR 2001-4 NA WAC 10.50225% 10-25-25 25,192 $27,964
FNW 02-W1 2A 6.61598% 02-25-42 477,197 $556,265
FNW 02-W3 A5 7.5% 01-25-28 416,806 $487,395
FORD MOTOR CR SR UNSEC 1.5% 01-17-17 8,500,000 $8,481,708
FORD MOTOR CR SR UNSEC 1.7% 05-09-16 17,000,000 $17,200,073
FORD MOTOR CR SR UNSEC 2.375% 01-16-18 13,060,000 $13,185,128
FORD MOTOR CR SR UNSEC 2.5% 01-15-16 13,000,000 $13,355,121
FORD MOTOR CR SR UNSEC 4.375% 08-06-23 33,475,000 $34,608,765
FORDO 14-A A3 0.79% 05-15-18 11,225,000 $11,238,695
FRANCE TELECOM (ORANGE) SR UNSEC 4.125% 09-14-21 20,000,000 $20,762,960
FSPC T-41 3A 6.79529% 07-25-32 2,158,634 $2,512,421
G2SF 4.0 MA1225 08-20-43 154,561,962 $162,613,867
G2SF 4.0 MA1376 10-20-43 21,310,480 $22,424,912
G2SF 4.0 TBA 04/14 04-20-44 32,750,000 $34,411,801
G2SF 4.5 MA1287 09-20-43 66,415,007 $71,688,159
G2SF 6.0 4291 11-20-38 18,145,477 $20,175,048
G2SF 6.5 4269 10-20-38 8,773,274 $9,923,187
GCCFC 06-GG7 A4 5.82027% 07-10-38 22,255,136 $24,206,911
GCCFC 07-GG11 A1A 5.704% 12-10-49/08-10-17 34,133,072 $38,403,905
GCCFC 07-GG9 A4 5.444% 03-10-39/01-10-17 38,708,000 $42,460,470
GECMC 05-C4 A3A 5.30938% 11-10-45 14,388,796 $14,437,919
GENERAL ELEC CAP CORP FRN SR UNSEC (L+63) 04-07-14 50,000,000 $50,003,950
GENERAL ELEC CAP CORP SR SEC 1.0% 12-11-15 13,700,000 $13,803,216
GENERAL ELEC CAP CORP SR UNSEC 2.25% 11-09-15 21,500,000 $22,080,995
GENERAL ELEC CAP CORP SR UNSEC 2.3% 04-27-17 26,100,000 $26,899,182
GENERAL ELEC CAP CORP SR UNSEC 2.45% 03-15-17 15,000,000 $15,507,105
GENERAL ELEC CAP CORP SR UNSEC 2.95% 05-09-16 9,305,000 $9,698,685
GENERAL ELEC CAP CORP SR UNSEC 3.1% 01-09-23 18,000,000 $17,649,846
GENERAL ELEC CAP CORP SR UNSEC 6.0% 08-07-19 15,000,000 $17,635,320
GENERAL ELEC CORP SR UNSEC 0.85% 10-09-15 19,500,000 $19,596,759
GENERAL ELEC CORP SR UNSEC 2.7% 10-09-22 16,000,000 $15,538,656
GENERAL ELEC CORP SR UNSEC 4.125% 10-09-42 11,000,000 $10,613,339
GENERAL ELEC CORP SR UNSEC 4.5% 03-11-44 5,200,000 $5,302,476
GENERAL ELEC CORP SR UNSEC 5.25% 12-06-17 16,000,000 $18,150,400
GENERAL ELECTRIC CP 4/1/2014 58,800,000 $58,799,918
GILEAD SCIENCES INC SR UNSEC 3.05% 12-01-16 11,425,000 $12,022,653
GILEAD SCIENCES INC SR UNSEC 3.7% 04-01-24 26,780,000 $26,850,887
GILEAD SCIENCES INC SR UNSEC 4.8% 04-01-44 12,200,000 $12,608,785
GLAXOSMITHKLINE CAPITAL PLC SR UNSEC 1.5% 05-08-17 17,500,000 $17,617,285
GLAXOSMITHKLINE CAPITAL PLC SR UNSEC 2.8% 03-18-23 9,600,000 $9,224,794
GLENCORE XSTRATA LLC 144A LIFE SR UNSEC 2.5% 01-15-19 21,000,000 $20,306,979
GLENCORE XSTRATA LLC 144A LIFE SR UNSEC 4.125% 05-30-23 7,500,000 $7,177,568
GNSF 10.0 780706 02-15-21 163,950 $188,690
GNSF 4.0 682484 08-15-40 1,973,976 $2,079,882
GNSF 4.0 698392 07-15-39 1,928,254 $2,031,109
GNSF 4.0 698479 08-15-39 2,968,734 $3,127,090
GNSF 4.0 726264 09-15-39 2,997,305 $3,157,184
GNSF 4.0 734091 12-15-40 15,488,484 $16,319,921
GNSF 4.0 737525 110K MAX 10-15-40 18,699,378 $19,698,505
GNSF 4.0 737528 110K MAX 10-15-40 4,669,268 $4,917,752
GNSF 4.0 737559 10-15-40 3,063,798 $3,228,441
GNSF 4.0 741336 07-15-40 5,204,041 $5,482,681
GNSF 4.0 750316 125K MAX 10-15-40 4,863,311 $5,121,091
GNSF 4.0 751946 01-15-41 4,840,232 $5,098,972
GNSF 4.0 756664 01-15-41 2,697,946 $2,843,082
GNSF 4.0 757946 01-15-41 649,346 $684,069
GNSF 4.0 783219 01-15-41 36,250,484 $38,180,279
GOLDMAN SACHS GROUP INC SR UNSEC 2.625% 01-31-19 74,350,000 $74,265,092
GOLDMAN SACHS GROUP SR UNSEC 2.9% 07-19-18 15,000,000 $15,316,350
GOLDMAN SACHS GROUP SR UNSEC 3.625% 01-22-23 7,840,000 $7,727,700
GOLDMAN SACHS GROUP SR UNSEC 3.625% 02-07-16 46,650,000 $48,880,990
GOLDMAN SACHS GROUP SR UNSEC 4.0% 03-03-24 7,760,000 $7,742,439
GOLDMAN SACHS GROUP SR UNSEC 5.25% 07-27-21 20,000,000 $22,176,220
GOLDMAN SACHS GROUP SR UNSEC 5.75% 01-24-22 20,000,000 $22,717,240
GSMS 06-GG8 A4 5.56% 11-10-39 11,880,000 $12,982,702
GSMS 11-GC3 A2 144A LIFE 3.645% 03-10-44/03-10-16 3,505,000 $3,672,609
HALLIBURTON CO SR UNSEC 2.0% 08-01-18 20,000,000 $20,040,500
HAROT 14-1 A3 0.67% 11-21-17/12-21-16 33,265,000 $33,212,109
HAROT 14-1 A4 1.04% 02-21-20/03-21-17 30,000,000 $29,873,130
HART 13-B A4 1.01% 02-15-19/03-15-17 10,500,000 $10,510,416
HART 14-A A2 0.46% 01-16-17 10,340,000 $10,342,688
HCP INC SR UNSEC 5.375% 02-01-21 15,000,000 $16,819,710
HERTZ 13-1A A1 144A 1.12% 08-25-17/16 16,000,000 $16,014,720
HFLF 14-1 A 144A FRN (L+40) 04-10-28/12-10-16 19,135,000 $19,143,993
HILT 13-HLT AFX 144A LIFE 2.6621% 11-05-30/18 14,110,000 $14,164,324
HILT 13-HLT BFX 144A LIFE 3.3672% 11-05-30/18 4,000,000 $4,052,680
HOLCIM US FINANCE 144A LIFE SR UNSEC 5.15% 09-12-23 12,500,000 $13,382,175
HOME DEPOT INC SR UNSEC 4.4% 04-01-21 15,000,000 $16,517,340
HOME DEPOT INC SR UNSEC 5.95% 04-01-41 15,000,000 $18,269,115
HOSPITALITY PROPERTIES TRUST SR UNSEC 4.5% 06-15-23 16,130,000 $16,012,025
HOSPITALITY PROPERTIES TRUST SR UNSEC 5.0% 08-15-22 4,350,000 $4,531,269
HOSPITALITY PROPERTIES TRUST SR UNSEC 6.3% 06-15-16 12,631,000 $13,591,044
HOSPITALITY PROPERTIES TRUST SR UNSEC 6.7% 01-15-18 23,400,000 $26,195,645
HSBC HOLDINGS PLC SUB 4.25% 03-14-24 32,400,000 $32,509,998
HSBC HOLDINGS PLC SUB 5.25% 03-14-44 10,315,000 $10,469,550
HUMANA INC SR UNSEC 3.15% 12-01-22 20,000,000 $19,065,260
IBERDROLA FIN IRELAND 144A LIFE SR UNSEC 3.8% 09-11-14 11,000,000 $11,145,101
IBM CORP 4(2) CP 5/19/2014 107,000,000 $106,991,298
IBM CORP SR UNSEC 1.625% 05-15-20 17,000,000 $16,114,521
IBM CORP SR UNSEC 1.95% 07-22-16 52,500,000 $54,055,890
IBM CORP SR UNSEC 2.0% 01-05-16 17,000,000 $17,444,771
IBM CORP SR UNSEC 3.625% 02-12-24 30,960,000 $31,285,606
ICO ESP GOVT GTD 144A LIFE 1.125% 04-01-16 9,000,000 $8,998,470
IMPERIAL TOBACCO FINANCE PLC 144A LIFE SR UNSEC 2.05% 02-11-18 16,000,000 $15,890,320
IMPERIAL TOBACCO FINANCE PLC 144A LIFE SR UNSEC 3.5% 02-11-23 17,000,000 $16,336,898
INTERAMER DEV BK 4.375% 01-24-44 6,500,000 $6,732,700
INTERCONTINENTAL EXCHANGE SR UNSEC 2.5% 10-15-18 26,000,000 $26,312,260
INTERCONTINENTAL EXCHANGE SR UNSEC 4.0% 10-15-23 1,480,000 $1,538,607
INTL PAPER CO SR UNSEC 7.3% 11-15-39 8,425,000 $11,027,516
ISRAEL STATE OF USD 3.15% 06-30-23 35,000,000 $34,072,500
JFM 144A LIFE 2.125% 03-06-19 10,000,000 $9,941,359
JOHN DEERE CAPITAL CORP 4(2) CP 4/7/2014 50,000,000 $49,999,222
JP MORGAN CHASE PFD SERIES S PRP (H) 6.75% 08-29-49/02-01-24 25,000,000 $26,437,500
JP MORGAN CHASE SR UNSEC 1.35% 02-15-17 30,750,000 $30,751,199
JP MORGAN CHASE SR UNSEC 1.625% 05-15-18 34,500,000 $33,923,816
JP MORGAN CHASE SR UNSEC 3.2% 01-25-23 13,000,000 $12,631,411
JP MORGAN CHASE SR UNSEC 3.25% 09-23-22 12,000,000 $11,844,384
JP MORGAN CHASE SR UNSEC 3.875% 02-01-24 5,000,000 $5,055,865
JPMCC 05-CB12 A3B 5.28662% 09-12-37 10,306,043 $10,322,224
JPMCC 05-LDP4 ASB 4.824% 10-15-42/11-15-14 3,992,678 $4,042,978
JPMCC 06-CB15 A4 5.814% 06-12-43/05-12-16 5,208,414 $5,628,249
JPMCC 06-LDP7 A4 5.84493% 04-15-45 16,835,000 $18,309,914
JPMCC 06-LDP8 A4 5.399% 05-15-45 32,571,350 $35,298,679
JPMCC 06-LDP9 A3 5.336% 05-15-47 10,055,000 $10,990,769
JPMCC 06-LDP9 AM 5.372% 05-15-47 10,596,278 $11,157,658
JPMCC 07-C1 A4 5.716% 02-15-51/11-15-17 19,516,925 $21,603,831
JPMCC 07-CB19 A4 5.69783% 02-12-49/04-12-17 32,990,000 $36,613,094
JPMCC 07-LD12 A1A 5.85% 02-15-51/07-15-17 8,018,930 $9,016,372
JPMCC 11-C3A A2 144A 3.6727% 02-15-46/01-15-18 40,900,000 $42,712,279
JPMCC 11-C4 A2 144A 3.3412% 07-15-46/05-15-16 15,005,000 $15,663,870
KIMBERLY CLK WW 4(2) CP 4/23/2014 16,500,000 $16,499,473
KIMCO REALTY CORP SR UNSEC 3.125% 06-01-23 15,705,000 $14,719,417
KIMCO REALTY CORP SR UNSEC 4.82% 06-01-14 13,000,000 $13,079,131
KIMCO REALTY CORP SR UNSEC 5.7% 05-01-17 6,180,000 $6,896,719
KIMCO REALTY CORP SR UNSEC 5.783% 03-15-16 14,000,000 $15,272,558
KINDER MORGAN ENERGY SR UNSEC 2.65% 02-01-19 20,000,000 $19,999,660
KINDER MORGAN ENERGY SR UNSEC 3.45% 02-15-23 4,000,000 $3,820,392
KINDER MORGAN ENERGY SR UNSEC 3.5% 03-01-21 16,680,000 $16,641,336
KINDER MORGAN ENERGY SR UNSEC 3.5% 09-01-23 6,500,000 $6,150,294
KINDER MORGAN ENERGY SR UNSEC 4.15% 03-01-22 12,855,000 $13,038,711
KINDER MORGAN ENERGY SR UNSEC 6.0% 02-01-17 18,000,000 $20,080,764
KRAFT FOODS GROUP INC SR UNSEC 2.25% 06-05-17 12,725,000 $13,055,965
KRAFT FOODS GROUP INC SR UNSEC 3.5% 06-06-22 23,285,000 $23,469,790
KRAFT FOODS GROUP INC SR UNSEC 5.375% 02-10-20 10,472,000 $11,960,532
KRAFT FOODS GROUP INC SR UNSEC 6.5% 02-09-40 20,000,000 $24,965,100
KROGER CO SR UNSEC 4.0% 02-01-24 10,655,000 $10,792,503
LA CA COMM COLLEGE DIST GO TAXABLE BAB SF 6.6% 08-01-42 15,000,000 $20,065,200
LAAF 1 A 144A 7.656% 12-15-26/21 14,282,755 $16,160,509
LATVIA REP OF USD REG S 2.75% 01-12-20 10,500,000 $10,135,125
LBCMT 2007-C3 A1A (MF) 5.82287% 07-15-44/06-15-17 7,312,817 $8,061,634
LBUBS 06-C3 A1A 5.641% 03-15-39 9,851,327 $10,653,836
LBUBS 07-C2 A1A 5.387% 02-15-40 22,537,785 $24,777,095
LBUBS 07-C2 A3 5.43% 02-15-40 28,387,291 $31,316,433
LBUBS 07-C2 AM 5.493% 02-15-40 2,675,000 $2,849,322
LBUBS 07-C6 AM 6.114% 07-15-40 24,060,000 $26,669,836
LBUBS 07-C7 AM 6.15044% 09-15-45 11,575,000 $13,219,321
LEUCADIA NATL CORP SR UNSEC 5.5% 10-18-23 1,015,000 $1,059,568
LIBERTY MUTUAL GROUP INC 144A LIFE SR UNSEC 4.25% 06-15-23 3,000,000 $3,050,727
LLOYDS BANK PLC SR UNSEC 2.3% 11-27-18 7,430,000 $7,432,927
MACY'S RETAIL SR UNSEC 7.875% 07-15-15 4,699,000 $5,104,021
MAPS1 13-1A B FRN 144A LIFE (L+125) 12-10-18/16 2,220,000 $2,232,476
MAPS1 144A LIFE 13-1A FRN (L+70) 12-10-18/16 11,320,000 $11,355,318
MARATHON OIL CORP SR UNSEC 0.9% 11-01-15 16,000,000 $16,037,280
MCKESSON CORP SR UNSEC 3.796% 03-15-24 24,345,000 $24,421,468
MEDCO HEALTH SOLUTIONS SR UNSEC 2.75% 09-15-15 10,095,000 $10,355,865
MEDTRONIC INC SR UNSEC 3.625% 03-15-24 6,390,000 $6,430,219
MERCK & CO INC 4(2) CP 4/25/2014 75,000,000 $74,996,354
MERCK & CO INC 4(2) CP 6/2/2014 100,000,000 $99,992,800
METLIFE GLOBAL FUNDING GIC 144A LIFE 2.5% 09-29-15 16,000,000 $16,440,016
MIDAMERICAN ENERGY HLDGS 144A SR UNSEC 3.75% 11-15-23 35,200,000 $35,093,027
MIDAMERICAN ENERGY HLDS SR UNSEC 5.75% 04-01-18 15,300,000 $17,435,314
MIDAMERICAN ENERGY SR SEC 1ST LIEN 3.5% 10-15-24 3,080,000 $3,064,939
MIDAMERICAN ENERGY SR SECURED 1ST LIEN 2.4% 03-15-19 8,000,000 $8,071,280
MLCFC 06-2 A1A 5.86585% 06-12-46 9,686,307 $10,570,899
MLCFC 07-8 A3 5.89446% 08-12-49/07-12-17 10,000,000 $11,188,050
MLMT 07-C1 A4 5.84057% 06-12-50/17 8,000,000 $8,916,168
MONDELEZ INTERNATIONAL SR UNSEC 4.0% 02-01-24 14,900,000 $15,151,840
MORGAN STANLEY SR UNSEC 1.75% 02-25-16 25,000,000 $25,336,225
MORGAN STANLEY SR UNSEC 3.75% 02-25-23 5,000,000 $4,978,305
MORGAN STANLEY SR UNSEC 3.8% 04-29-16 8,700,000 $9,168,669
MOSAIC CO SR UNSEC 5.625% 11-15-43 4,000,000 $4,311,740
MOSAIC COMPANY SR UNSEC 4.25% 11-15-23 4,600,000 $4,728,814
MSC 06-IQ12 A1A 5.319% 12-15-43/16 22,249,635 $24,320,921
MSC 07-IQ13 AM 5.406% 03-15-44/17 4,500,000 $4,908,366
MSC 07-IQ15 A4 5.90778% 06-11-49/7-11-17 23,942,278 $26,725,041
NAT RURL UTIL CP 4/11/2014 23,500,000 $23,499,354
NAT RURL UTIL CP 4/14/2014 75,000,000 $74,997,375
NAT RURL UTIL CP 4/2/2014 41,100,000 $41,099,772
NATIONAL AUSTRALIA BANK USD 144A LIFE COVERED 1.25% 03-08-18 13,450,000 $13,205,345
NATIONAL AUSTRALIA BANK USD 144A LIFE COVERED 2.0% 02-22-19 3,800,000 $3,771,766
NATIONAL RURAL UTIL SR SEC 1ST LIEN 10.375% 11-01-18 8,450,000 $11,407,187
NATIONAL RURAL UTIL SR SEC 1ST LIEN 2.15% 02-01-19 18,000,000 $17,958,780
NATIONAL RURAL UTIL SR SEC 1ST LIEN 3.4% 11-15-23 8,000,000 $7,949,400
NBC UNIVERSAL 144A LIFE PRP (H) 5.25% 12-19-49/03-19-21 475,000 $482,125
NBC UNIVERSAL SR UNSEC 2.875% 04-01-16 16,000,000 $16,642,272
NEW YORK LIFE GLOBAL FNDNG GIC 144A LIFE 2.1% 01-02-19 15,000,000 $14,925,750
NEWCREST MINING 144A LIFE SR UNSEC 4.45% 11-15-21 29,625,000 $26,567,404
NEWS AMERICA FOX SR UNSEC 3.0% 09-15-22 6,000,000 $5,774,622
NEWS AMERICA FOX SR UNSEC 5.4% 10-01-43 5,800,000 $6,267,927
NIAGARA MOHAWK POWER 144A LIFE SR UNSEC 3.553% 10-01-14 10,000,000 $10,154,480
NORDDEUTSCHE LANDESBANK USD 144A LIFE COVERED 2.0% 02-05-19 5,400,000 $5,373,756
NORDSTROM INC SR UNSEC 4.0% 10-15-21 6,245,000 $6,589,218
NORFOLK SOUTHERN CORP SR UNSEC 5.75% 01-15-16 7,615,000 $8,242,560
NORTH FRONT (NATIONWIDE) P-T (CC) 144A LIFE SUB 5.81% 12-15-24/14 8,150,000 $8,262,063
NORTHERN ROCK PLC COVERED USD 144A 5.625% 06-22-17 2,025,000 $2,281,203
NOVARTIS CAPITAL CORP SR UNSEC 2.9% 04-24-15 16,000,000 $16,446,464
NOVARTIS CAPITAL CORP SR UNSEC 3.4% 05-06-24 38,650,000 $38,691,124
NRART 14-T1 A1 144A LIFE 1.2736% 03-15-45/03-16-15 7,285,000 $7,285,569
NRART 14-T2 A2 144A LIFE 2.3771% 03-15-47/17 11,415,000 $11,372,194
NV ENERGY INC SR UNSEC 6.25% 11-15-20 10,168,000 $11,891,425
OHIO POWER COMPANY SER D SR UNSEC 6.6% 03-01-33 40,000 $49,560
OHIO POWER COMPANY SR UNSEC 6.6% 02-15-33 125,000 $154,829
ORACLE CORP SR UNSEC 2.375% 01-15-19 17,500,000 $17,733,678
ORANGE SA SR UNSEC 2.75% 02-06-19 16,977,000 $17,215,697
ORANGE SA SR UNSEC 5.5% 02-06-44 14,000,000 $14,717,416
OVERSEAS PRIVATE INV SR SEC 1ST LIEN SF 3.49% 12-20-29 845,000 $844,408
OVERSEAS PRIVATE INV SR SEC 1ST LIEN SF 3.82% 12-20-32 4,285,000 $4,352,527
OVERSEAS PRIVATE INV SR UNSEC 0.0% 11-18-15/16 866,000 $868,352
PACIFIC GAS & ELECTRIC SR UNSEC 3.25% 06-15-23 4,100,000 $3,973,429
PACIFIC GAS & ELECTRIC SR UNSEC 3.75% 02-15-24 43,825,000 $43,832,582
PACIFIC GAS & ELECTRIC SR UNSEC 3.85% 11-15-23 19,212,000 $19,415,494
PACIFIC GAS & ELECTRIC SR UNSEC 4.75% 02-15-44 5,200,000 $5,282,399
PACIFICORP SR SEC 1ST LIEN 3.6% 04-01-24 18,405,000 $18,655,474
PACIFICORP SR SEC 1ST LIEN 5.65% 07-15-18 2,465,000 $2,827,039
PACKAGING CORP OF AMERICA SR UNSEC 4.5% 11-01-23 610,000 $632,709
PEFCO 3.55% 01-15-24 16,785,000 $17,277,304
PEMEX 144A 4.875% 01-18-24 7,000,000 $7,245,000
PEMEX 144A 6.375% 01-23-45 8,335,000 $9,012,219
PEMEX 3.5% 07-18-18 18,000,000 $18,720,000
PEPSICO INC SR UNSEC 7.9% 11-01-18 15,000,000 $18,852,690
PERNOD RICARD SA 144A LIFE SR UNSEC 2.95% 01-15-17 35,500,000 $36,820,245
PERNOD RICARD SA 144A LIFE SR UNSEC 4.45% 01-15-22 9,600,000 $10,057,728
PETROBRAS SR UNSEC 6.25% 03-17-24 19,325,000 $19,960,773
PG&E CORP SR UNSEC 2.4% 03-01-19 9,380,000 $9,332,500
PHILIP MORRIS INTL INC SR UNSEC 1.875% 01-15-19 5,605,000 $5,540,161
PHILIP MORRIS INTL INC SR UNSEC 2.625% 03-06-23 16,000,000 $14,984,272
PHILIP MORRIS INTL INC SR UNSEC 3.6% 11-15-23 21,090,000 $21,059,483
PNC FINL SVCS SR UNSEC 2.854% 11-09-22 5,975,000 $5,708,593
POLAND GOVT BOND USD 4.0% 01-22-24 8,670,000 $8,758,868
POLAND GOVT BOND USD 6.375% 07-15-19 14,350,000 $16,872,013
PRAXAIR INC SR UNSEC 1.05% 11-07-17 16,000,000 $15,694,592
PROCTER & GAMBLE CO SR UNSEC 1.45% 08-15-16 13,460,000 $13,664,309
PROLOGIS INC SR UNSEC 4.25% 08-15-23 47,645,000 $48,556,163
PROLOGIS INC SR UNSEC 5.625% 11-15-15 10,425,000 $11,195,981
PRUDENTIAL FINANCIAL INC SR UNSEC 2.3% 08-15-18 7,595,000 $7,620,079
PRUDENTIAL HLD IHC DEBT C 144A LIFE SF 8.695% 12-18-23 11,007,143 $14,040,182
PUGET ENERGY INC SR SEC 1ST LIEN 5.625% 07-15-22 7,045,000 $8,043,615
PUGET ENERGY INC SR SEC 1ST LIEN 6.0% 09-01-21 3,750,000 $4,327,646
PUGET ENERGY INC SR SEC 1ST LIEN 6.5% 12-15-20 5,075,000 $5,927,488
QBE INSURANCE GROUP 144A LIFE SR UNSEC 2.4% 05-01-18 17,000,000 $16,643,085
RABOBANK NEDERLAND LT2 4.625% 12-01-23 35,495,000 $36,602,479
RABOBANK NEDERLAND SR UNSEC 2.25% 01-14-19 19,450,000 $19,423,470
RAMP 03-RS11 AI-7 NAS 4.828% 12-25-33 1,565,353 $1,598,946
RAMP 03-RZ4 A-7 NAS 4.79% 06-25-33/10-25-20 946,722 $1,002,873
RASC 03-KS8 AI6 NAS 4.83% 10-25-33 1,306,078 $1,360,045
REGIONS FINANCIAL CORP SR UNSEC 7.75% 11-10-14 3,664,000 $3,818,749
RENTENBANK GLOBAL USD SR UNSEC 1.75% 04-15-19 8,880,000 $8,809,315
REYNOLDS AMERICAN INC SR UNSEC 3.25% 11-01-22 11,420,000 $10,765,200
REYNOLDS AMERICAN INC SR UNSEC 4.85% 09-15-23 18,835,000 $19,770,082
REYNOLDS AMERICAN INC SR UNSEC 6.15% 09-15-43 5,350,000 $6,057,917
RIO TINTO FINANCE SR UNSEC 1.625% 08-21-17 16,000,000 $16,045,920
RIO TINTO FINANCE SR UNSEC 2.25% 09-20-16 15,000,000 $15,432,540
RIO TINTO FINANCE SR UNSEC 2.25% 12-14-18 12,850,000 $12,866,949
ROCHE HLDGS 144A LIFE SR UNSEC 7.0% 03-01-39 4,000,000 $5,605,462
ROHM & HAAS CO SR UNSEC 6.0% 09-15-17 5,003,000 $5,692,248
ROYAL BANK OF CANADA USD COVERED 2.0% 10-01-18/19 2,300,000 $2,304,131
SABMILLER 144A LIFE SR UNSEC 2.2% 08-01-18 26,700,000 $26,699,706
SABMILLER HOLDINGS 144A LIFE SR UNSEC 2.45% 01-15-17 20,245,000 $20,835,142
SABMILLER HOLDINGS 144A LIFE SR UNSEC 3.75% 01-15-22 7,900,000 $8,088,715
SABMILLER HOLDINGS 144A LIFE SR UNSEC 4.95% 01-15-42 16,430,000 $17,269,737
SANTANDER ISSUANCES 144A LIFE SUB NT 6.5% 08-11-19/14 11,500,000 $11,552,464
SBC COMMUNICATIONS SR UNSEC 5.1% 09-15-14 15,000,000 $15,315,990
SCHLUMBERGER SR UNSEC 3.65% 12-01-23 6,155,000 $6,256,441
SE BANKEN 144A LIFE 2.375% 03-25-19 20,900,000 $20,854,313
SFEF FR GOVT GTD 144A (B) 2.875% 09-22-14 10,460,000 $10,587,821
SHELL INTL FINANCE SR UNSEC 1.125% 08-21-17 21,000,000 $20,893,551
SHELL INTL FINANCE SR UNSEC 2.0% 11-15-18 17,715,000 $17,792,840
SIERRA PACIFIC POWER SR UNSEC 3.375% 08-15-23 14,000,000 $13,918,870
SIMON PROPERTY GROUP 144A LIFE SR UNSEC 1.5% 02-01-18 13,825,000 $13,646,906
SLMA 14-A A1 FRN 144A LIFE (L+60) 07-15-22/10-15-17 5,150,000 $5,161,330
SPAIN GOVT USD 144A LIFE 4.0% 03-06-18 40,150,000 $42,515,237
SPAREBANK BOLIGKREDITT USD 144A LIFE COVERED 1.75% 11-15-20/19 2,400,000 $2,310,962
SPECTRA ENERGY PARTNERS SR UNSEC 4.75% 03-15-24 12,560,000 $13,262,230
SPECTRA ENERGY PARTNERS SR UNSEC 5.95% 09-25-43 2,000,000 $2,293,316
STACR 14-DN1 M1 FRN (L+100) 02-25-24 1,340,410 $1,348,292
STACR 2013-DN1 M1 (L+340) 07-25-23 10,979,720 $11,464,145
STACR 2013-DN2 M1 (L+145) 11-25-23 8,756,899 $8,810,229
STANDARD CHARTERED BANK LT2 144A LIFE 5.7% 03-26-44 3,150,000 $3,126,375
STATOIL ASA SR UNSEC 1.8% 11-23-16 16,000,000 $16,403,744
STATOIL ASA SR UNSEC 2.65% 01-15-24 7,000,000 $6,561,751
STATOIL ASA SR UNSEC 3.125% 08-17-17 16,500,000 $17,418,225
STATOIL ASA SR UNSEC 3.7% 03-01-24 10,700,000 $10,924,882
STATOIL ASA SR UNSEC 4.25% 11-23-41 6,000,000 $5,865,012
STATOILHYDRO ASA SR UNSEC 2.9% 10-15-14 13,285,000 $13,463,617
SUMITOMO MITSUI BK SR UNSEC 2.5% 07-19-18 12,475,000 $12,703,592
SWEDISH EXPORT CREDIT 144A LIFE SUB 2.875% 11-14-23/18 3,000,000 $2,966,250
TECK RESOURCES LTD SR UNSEC 4.75% 01-15-22 3,000,000 $3,078,813
TECK RESOURCES LTD SR UNSEC 5.4% 02-01-43 3,000,000 $2,836,233
TECO FINANCE INC SR UNSEC 5.15% 03-15-20 5,627,000 $6,233,191
TELECOM ITALIA SR UNSEC 6.999% 06-04-18 4,992,000 $5,684,640
TELECOM ITALIA SR UNSEC 7.175% 06-18-19 33,500,000 $38,566,875
TELEFONICA SR UNSEC 3.192% 04-27-18 15,000,000 $15,395,940
TELEFONICA SR UNSEC 3.992% 02-16-16 18,000,000 $18,893,178
THERMO FISHER SCIENTIFIC SR UNSEC 1.3% 02-01-17 15,000,000 $14,921,790
THERMO FISHER SCIENTIFIC SR UNSEC 2.4% 02-01-19 13,375,000 $13,338,139
THERMO FISHER SCIENTIFIC SR UNSEC 4.15% 02-01-24 26,630,000 $27,456,995
THOMSON REUTERS SR UNSEC 4.3% 11-23-23 14,440,000 $14,820,768
THOMSON REUTERS SR UNSEC 5.65% 11-23-43 2,000,000 $2,122,228
THOMSON REUTERS SR UNSEC 6.5% 07-15-18 20,815,000 $24,222,166
TIME WARNER CABLE SR UNSEC 4.0% 09-01-21 8,000,000 $8,313,224
TIME WARNER CABLE SR UNSEC 6.75% 07-01-18 28,590,000 $33,553,710
TIME WARNER INC SR UNSEC 4.05% 12-15-23 12,535,000 $12,891,809
TIME WARNER INC SR UNSEC 5.875% 11-15-16 14,210,000 $15,935,179
TIME WARNER INC SR UNSEC 6.25% 03-29-41 2,500,000 $2,938,988
TORONTO-DOMINION BANK SR UNSEC 2.375% 10-19-16 12,000,000 $12,450,048
TOTAL CAPITAL CANADA SR UNSEC 1.45% 01-15-18 10,940,000 $10,875,946
TOTAL CAPITAL INTL SR UNSEC 2.125% 08-10-18 14,500,000 $14,665,909
TOTAL CAPITAL INTL SR UNSEC 3.7% 01-15-24 16,000,000 $16,332,368
TOTAL CAPITAL SA SR UNSEC 3.0% 06-24-15 17,000,000 $17,532,916
TOYOTA MTR CREDIT SR UNSEC 0.875% 07-17-15 16,000,000 $16,097,360
TRANS-CANADA PIPELINES SR UNSEC 0.875% 03-02-15 13,000,000 $13,054,509
TRANS-CANADA PIPELINES SR UNSEC 5.0% 10-16-43 22,000,000 $23,189,122
TRANSOCEAN INC SR UNSEC 3.8% 10-15-22 11,400,000 $10,919,490
TRANSOCEAN INC SR UNSEC 6.375% 12-15-21 13,050,000 $14,691,886
TRI-STATE GENERATION 144A LIFE SF SR SEC 1ST LIEN 6.04% 1-31-18 1,885,744 $1,975,788
TVA BOND 3.5% 12-15-42 14,750,000 $12,614,348
TVA BOND 3.875% 02-15-21 5,000,000 $5,404,950
U S TREASURY BILL 08-21-14 100,000,000 $99,979,000
U S TREASURY BILL 5/15/2014 27,500,000 $27,498,603
UDSA SF 13T-1 TAXABLE 2.042% 06-15-21/19 3,510,000 $3,530,744
UDSA SF 13T-4 TAXABLE 3.435% 12-15-25/23 2,625,000 $2,669,415
UNION PACIFIC CORP SR UNSEC 2.25% 02-15-19 5,415,000 $5,422,310
UNION PACIFIC CORP SR UNSEC 3.646% 02-15-24 18,800,000 $18,781,520
UNION PACIFIC CORP SR UNSEC 5.7% 08-15-18 13,150,000 $15,073,621
UNITED HEALTH GROUP SR UNSEC 6.0% 02-15-18 35,000,000 $40,324,515
UNITED HEALTH GROUP SR UNSEC 6.0% 06-15-17 22,170,000 $25,261,318
UNITED TECHNOLOGIES CORP SR UNSEC 3.1% 06-01-22 30,000,000 $30,004,440
UNITED TECHNOLOGIES CORP SR UNSEC 4.5% 06-01-42 35,460,000 $36,252,673
UNUM GROUP SR UNSEC 5.625% 09-15-20 345,000 $388,905
US BANCORP SR UNSEC 1.65% 05-15-17 19,500,000 $19,755,645
US BANCORP SR UNSEC 3.7% 01-30-24 26,300,000 $26,713,936
US TREASURY BOND 2.875% 05-15-43 39,175,000 $34,195,466
US TREASURY BOND 3.125% 02-15-43 311,800,000 $287,002,546
US TREASURY BOND 3.625% 02-15-44 146,775,000 $148,501,074
US TREASURY BOND 3.625% 08-15-43 286,230,000 $289,762,078
US TREASURY BOND 3.75% 08-15-41 66,000,000 $68,773,980
US TREASURY BOND 4.5% 02-15-36 104,881,600 $123,104,778
US TREASURY BOND 5.375% 02-15-31 40,000,000 $51,168,800
US TREASURY BOND 5.5% 08-15-28 106,750,000 $136,531,115
US TREASURY BOND 6.250% 08-15-23 50,000,000 $65,297,000
US TREASURY BOND 6.375% 08-15-27 82,625,000 $113,396,203
US TREASURY I/L FRN 0.125% 04-15-16 30,844,000 $33,596,981
US TREASURY I/L FRN 0.125% 04-15-17 170,000,000 $180,172,970
US TREASURY I/L FRN 0.125% 04-15-18 173,603,000 $179,871,978
US TREASURY I/L FRN 0.375% 07-15-23 22,100,000 $21,985,610
US TREASURY I/L FRN 0.625% 01-15-24 225,000,000 $226,481,175
US TREASURY I/L FRN 0.625% 02-15-43 67,200,000 $57,356,544
US TREASURY I/L FRN 0.75% 02-15-42 104,950,000 $94,860,947
US TREASURY I/L FRN 1.875% 07-15-15 90,000,000 $113,551,740
US TREASURY I/L FRN 2.125% 01-15-19 50,000,000 $60,901,350
US TREASURY I/L FRN 2.375% 01-15-25 50,000,000 $73,143,350
US TREASURY NOTE 0.25% 06-30-14 455,714,000 $455,982,871
US TREASURY NOTE 0.25% 11-30-14 30,000,000 $30,033,900
US TREASURY NOTE 0.50% 10-15-14 130,605,000 $130,905,392
US TREASURY NOTE 0.625% 08-15-16 217,500,000 $217,628,325
US TREASURY NOTE 0.75% 06-15-14 424,110,000 $424,754,647
US TREASURY NOTE 1.5% 06-30-16 12,000,000 $12,254,040
US TREASURY NOTE 1.625% 11-15-22 322,975,000 $298,906,903
US TREASURY NOTE 1.875% 04-30-14 194,100,000 $194,387,268
US TREASURY NOTE 2.5% 08-15-23 133,275,000 $131,397,155
US TREASURY NOTE 2.625% 04-30-18 597,000 $626,432
US TREASURY NOTE 2.625% 06-30-14 353,571,000 $355,837,390
US TREASURY NOTE 2.625% 07-31-14 150,000,000 $151,276,500
US TREASURY NOTE 2.75% 02-15-24 81,700,000 $81,897,714
US TREASURY NOTE 4.5% 02-15-16 58,500,000 $63,031,410
US TREASURY NOTE 4.625% 02-15-17 61,750,000 $68,393,683
USAOT 14-1 A3 0.58% 12-15-17 7,500,000 $7,491,525
UTD MEX ST GVT GLOBAL 5.55% 01-21-45 13,000,000 $13,845,000
VERIZON COMMUNICATIONS SR UNSEC 3.0% 04-01-16 34,000,000 $35,476,280
VERIZON COMMUNICATIONS SR UNSEC 3.45% 03-15-21 9,485,000 $9,632,530
VERIZON COMMUNICATIONS SR UNSEC 4.15% 03-15-24 7,400,000 $7,534,384
VERIZON COMMUNICATIONS SR UNSEC 5.15% 09-15-23 63,250,000 $69,355,902
VERIZON COMMUNICATIONS SR UNSEC 6.25% 04-01-37 20,000,000 $23,330,020
VERIZON COMMUNICATIONS SR UNSEC 6.55% 09-15-43 72,815,000 $88,931,581
VIACOM INC SR UNSEC 4.25% 09-01-23 8,000,000 $8,246,640
VIRGINIA ELEC & PWR SR UNSEC 3.45% 02-15-24 6,415,000 $6,416,046
VIRGINIA ELEC & PWR SR UNSEC 5.95% 09-15-17 10,000,000 $11,480,300
VOLKSWAGEN INTL FIN 144A LIFE SR UNSEC 2.375% 03-22-17 20,000,000 $20,610,800
VOLKSWAGEN INTL FIN 144A LIFE SR UNSEC FRN (L+61) 04-01-14 17,000,000 $17,000,000
VOLVO TREASURY AB 144A LIFE SR UNSEC 5.95% 04-01-15 9,460,000 $9,934,287
VWALT 14-A A3 0.8% 04-20-17 2,815,000 $2,807,428
WAL-MART STORES 4(2) CP 5/12/2014 100,000,000 $99,994,079
WAL-MART STORES SR UNSEC 2.8% 04-15-16 25,000,000 $26,098,900
WAL-MART STORES SR UNSEC 2.875% 04-01-15 11,700,000 $11,996,431
WASTE MANAGEMENT INC SR UNSEC 2.6% 09-01-16 8,890,000 $9,212,618
WASTE MANAGEMENT INC SR UNSEC 2.9% 09-15-22 15,000,000 $14,348,955
WBCMT 05-C16 APB 4.692% 10-15-41/12-15-11 3,292,045 $3,292,842
WBCMT 06-C25 A1A 5.71732% 05-15-43/04-15-16 35,528,885 $38,737,854
WBCMT 06-C27 A1A 5.749% 07-15-45/16 3,876,807 $4,220,281
WBCMT 07-C30 A5 5.342% 12-15-43 14,000,000 $15,353,758
WBCMT 07-C31 A5 5.5% 04-15-47 10,000,000 $11,083,120
WBCMT 07-C32 A3 5.72392% 06-15-49 31,635,000 $34,935,290
WBCMT 07-C33 AM 5.95328% 02-15-51/07-15-17 17,000,000 $18,887,272
WELLS FARGO & CO CP 6/17/2014 30,000,000 $29,987,790
WELLS FARGO CO HOLD SR UNSEC 4.6% 04-01-21 25,000,000 $27,560,625
WELLS FARGO CO SR UNSEC 1.25% 07-20-16 47,000,000 $47,425,444
WELLS FARGO CO SR UNSEC 3.676% 06-15-16 19,000,000 $20,158,905
WESTFIELD 144A LIFE SR UNSEC 4.625% 05-10-21 25,000,000 $27,400,475
WESTFIELD 144A LIFE SR UNSEC 5.7% 10-01-16 23,430,000 $26,012,712
WESTFIELD 144A LIFE SR UNSEC 5.75% 09-02-15 16,250,000 $17,337,694
WESTFIELD 144A LIFE SR UNSEC 7.125% 4-15-18 15,750,000 $18,741,445
WESTPAC BANKING CORP SR UNSEC 3.0% 12-09-15 15,300,000 $15,911,097
WESTPAC BANKING CORP USD 144A LIFE COVERED 1.375% 05-30-19/18 2,375,000 $2,322,130
WESTPAC BANKING CORP USD 144A LIFE COVERED 1.85% 11-26-19/18 7,000,000 $6,913,662
WFMBS 05-AR10 2A6 ARH5 2.61442% 06-25-35 11,748,036 $11,929,309
WFNMT 14-A A FRN (L+38) 12-15-19/02-16-16 8,225,000 $8,229,647
WILLIAMS PARTNERS LP SR UNSEC 4.125% 11-15-20 3,000,000 $3,120,603
WILLIAMS PARTNERS LP SR UNSEC 4.3% 03-04-24 15,870,000 $15,974,663
WILLIAMS PARTNERS LP SR UNSEC 4.5% 11-15-23 12,400,000 $12,713,460
WILLIAMS PARTNERS LP SR UNSEC 5.4% 03-04-44 1,915,000 $1,972,400
WM WRIGLEY JR CO 144A LIFE SR UNSEC 2.4% 10-21-18 300,000 $301,268
WM WRIGLEY JR CO 144A LIFE SR UNSEC 3.375% 10-21-20 30,670,000 $31,020,865
XEROX CORP SR UNSEC 2.75% 03-15-19 5,000,000 $5,011,485
XSTRATA FINANCE CANADA 144A LIFE SR UNSEC 2.45%/2.7% 10-25-17 10,000,000 $10,131,400
XSTRATA FINANCE CANADA 144A LIFE SR UNSEC 4.95% 11-15-21 19,000,000 $19,672,220

*Excludes certain securities in initial period of acquisition.


Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors® and sold through unaffiliated intermediaries.