ý | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
¨ | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
One Amgen Center Drive, | 91320-1799 | |
Thousand Oaks, California | (Zip Code) | |
(Address of principal executive offices) |
Audited Financial Statements: | |
Supplemental Schedules: | |
December 31 | ||||||||
2013 | 2012 | |||||||
Assets | ||||||||
Investments at fair value | $ | 3,884,239,811 | $ | 3,093,390,877 | ||||
Notes receivable from participants | 43,082,571 | 42,523,718 | ||||||
Other, including due from broker | 6,416,714 | 1,071,309 | ||||||
Total assets | 3,933,739,096 | 3,136,985,904 | ||||||
Liabilities | ||||||||
Other, including due to broker | 5,217,083 | 2,490,209 | ||||||
Total liabilities | 5,217,083 | 2,490,209 | ||||||
Net assets reflecting investments at fair value | 3,928,522,013 | 3,134,495,695 | ||||||
Adjustment from fair value to contract value for interests in fully benefit-responsive investment contracts | (1,891,753 | ) | (9,277,446 | ) | ||||
Net assets available for benefits | $ | 3,926,630,260 | $ | 3,125,218,249 |
Year Ended December 31 | ||||||||
2013 | 2012 | |||||||
Additions to (deductions from) net assets: | ||||||||
Employer contributions | $ | 159,024,379 | $ | 155,218,207 | ||||
Participant contributions | 138,170,411 | 131,980,807 | ||||||
Rollover contributions | 14,298,798 | 11,686,616 | ||||||
Interest and dividend income | 40,042,545 | 40,671,569 | ||||||
Net realized/unrealized gains | 680,294,916 | 381,079,241 | ||||||
Interest income on notes receivable from participants | 1,780,035 | 1,830,249 | ||||||
Benefits paid | (223,992,574 | ) | (200,062,951 | ) | ||||
Investment and administrative fees | (8,206,499 | ) | (6,501,149 | ) | ||||
Net increase | 801,412,011 | 515,902,589 | ||||||
Net assets available for benefits at beginning of year | 3,125,218,249 | 2,609,315,660 | ||||||
Net assets available for benefits at end of year | $ | 3,926,630,260 | $ | 3,125,218,249 |
Fair value measurements at December 31, 2013 using | ||||||||||||||||
Quoted prices in active markets for identical assets (Level 1) | Significant other observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total | |||||||||||||
Amgen stock | $ | 235,164,976 | $ | — | $ | — | $ | 235,164,976 | ||||||||
Cash and cash equivalents | 35,752,823 | — | — | 35,752,823 | ||||||||||||
Common and preferred stocks: | ||||||||||||||||
Large cap growth | 365,454,861 | — | — | 365,454,861 | ||||||||||||
Large cap value | 183,804,249 | — | — | 183,804,249 | ||||||||||||
Small-mid cap growth | 64,832,135 | — | — | 64,832,135 | ||||||||||||
Small-mid cap value | 331,561,439 | — | — | 331,561,439 | ||||||||||||
Other | 198,175,723 | — | — | 198,175,723 | ||||||||||||
Debt securities: | ||||||||||||||||
U.S. Treasury securities | 22,441,702 | — | — | 22,441,702 | ||||||||||||
U.S. government agency securities | — | 39,432,230 | — | 39,432,230 | ||||||||||||
Corporate debt securities | — | 56,742,593 | — | 56,742,593 | ||||||||||||
Mortgage and asset backed securities | — | 21,959,027 | — | 21,959,027 | ||||||||||||
Mutual funds: | ||||||||||||||||
Emerging markets equity | 29,590,116 | — | — | 29,590,116 | ||||||||||||
Fixed income | — | 100,711,349 | — | 100,711,349 | ||||||||||||
High yield debt | 40,069,890 | — | — | 40,069,890 | ||||||||||||
International growth | 83,050,138 | — | — | 83,050,138 | ||||||||||||
International value | 135,879,636 | — | — | 135,879,636 | ||||||||||||
Real estate investment trust index | 83,398,699 | — | — | 83,398,699 | ||||||||||||
Other | 38,516,522 | — | — | 38,516,522 | ||||||||||||
Collective trust funds: | ||||||||||||||||
Capital preservation | — | 258,521,672 | — | 258,521,672 | ||||||||||||
Emerging markets equity | — | 66,232,369 | — | 66,232,369 | ||||||||||||
Fixed income | — | 16,644,981 | — | 16,644,981 | ||||||||||||
Fixed income index | — | 78,879,233 | — | 78,879,233 | ||||||||||||
Inflation indexed debt | — | 52,264,331 | — | 52,264,331 | ||||||||||||
International growth | — | 96,415,410 | — | 96,415,410 | ||||||||||||
International index | — | 32,206,905 | — | 32,206,905 | ||||||||||||
International value | — | 102,702,666 | — | 102,702,666 | ||||||||||||
Large cap growth | — | 28,976,044 | — | 28,976,044 | ||||||||||||
Large cap index | — | 661,941,029 | — | 661,941,029 | ||||||||||||
Large cap value | — | 10,217,037 | — | 10,217,037 | ||||||||||||
Short term investments | — | 65,789,976 | — | 65,789,976 | ||||||||||||
Small-mid cap growth | — | 6,067,659 | — | 6,067,659 | ||||||||||||
Small-mid cap index | — | 264,853,839 | — | 264,853,839 | ||||||||||||
Small-mid cap value | — | 20,664,470 | — | 20,664,470 | ||||||||||||
Insurance separate account investment contract | — | 55,077,818 | — | 55,077,818 | ||||||||||||
Other | 28,060 | 218,204 | — | 246,264 | ||||||||||||
$ | 1,847,720,969 | $ | 2,036,518,842 | $ | — | $ | 3,884,239,811 |
Fair value measurements at December 31, 2012 using | ||||||||||||||||
Quoted prices in active markets for identical assets (Level 1) | Significant other observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total | |||||||||||||
Amgen stock | $ | 184,496,548 | $ | — | $ | — | $ | 184,496,548 | ||||||||
Cash and cash equivalents | 30,739,498 | — | — | 30,739,498 | ||||||||||||
Common and preferred stocks: | ||||||||||||||||
Large cap growth | 284,581,646 | — | — | 284,581,646 | ||||||||||||
Large cap value | 107,810,209 | — | — | 107,810,209 | ||||||||||||
Small-mid cap growth | 47,123,024 | — | — | 47,123,024 | ||||||||||||
Small-mid cap value | 263,613,306 | 156,304 | — | 263,769,610 | ||||||||||||
Other | 139,643,360 | — | — | 139,643,360 | ||||||||||||
Debt securities: | ||||||||||||||||
U.S. Treasury securities | 53,860,263 | — | — | 53,860,263 | ||||||||||||
U.S. government agency securities | — | 85,174,932 | — | 85,174,932 | ||||||||||||
Corporate debt securities | — | 37,162,921 | — | 37,162,921 | ||||||||||||
Mortgage and asset backed securities | — | 26,697,958 | — | 26,697,958 | ||||||||||||
Mutual funds: | ||||||||||||||||
High yield debt | 68,442,311 | — | — | 68,442,311 | ||||||||||||
Inflation indexed debt | 49,117,121 | — | — | 49,117,121 | ||||||||||||
International growth | 117,588,989 | — | — | 117,588,989 | ||||||||||||
International value | 199,377,358 | — | — | 199,377,358 | ||||||||||||
Real estate investment trust index | 75,805,226 | — | — | 75,805,226 | ||||||||||||
Other | 32,577,082 | — | — | 32,577,082 | ||||||||||||
Collective trust funds: | ||||||||||||||||
Capital preservation | — | 249,101,804 | — | 249,101,804 | ||||||||||||
Emerging markets equity | — | 106,801,562 | — | 106,801,562 | ||||||||||||
Fixed income | — | 22,579,485 | — | 22,579,485 | ||||||||||||
Inflation indexed debt | — | 2,747,985 | — | 2,747,985 | ||||||||||||
International growth | — | 52,241,069 | — | 52,241,069 | ||||||||||||
International value | — | 7,235,472 | — | 7,235,472 | ||||||||||||
Large cap growth | — | 18,058,984 | — | 18,058,984 | ||||||||||||
Large cap index | — | 530,046,061 | — | 530,046,061 | ||||||||||||
Large cap value | — | 5,909,161 | — | 5,909,161 | ||||||||||||
Short term investments | — | 53,674,169 | — | 53,674,169 | ||||||||||||
Small-mid cap growth | — | 3,261,024 | — | 3,261,024 | ||||||||||||
Small-mid cap index | — | 164,916,882 | — | 164,916,882 | ||||||||||||
Small-mid cap value | — | 16,895,408 | — | 16,895,408 | ||||||||||||
Insurance separate account investment contract | — | 55,532,074 | — | 55,532,074 | ||||||||||||
Other | 13,466 | 408,215 | — | 421,681 | ||||||||||||
$ | 1,654,789,407 | $ | 1,438,601,470 | $ | — | $ | 3,093,390,877 |
December 31 | |||||||
2013 | 2012 | ||||||
Northern Trust Collective S&P 500 Index Fund – Non Lending - Collective trust fund | $ | 661,941,029 | * | ||||
Northern Trust Collective Extended Equity Market Index Fund - Non Lending - Collective trust fund | 264,853,839 | * | |||||
Amgen stock | 235,164,976 | 184,496,548 | |||||
Blackrock Equity Index Fund F – Collective trust fund | * | 497,201,610 | |||||
Dodge & Cox International Fund – Mutual fund | * | 199,377,358 | |||||
Blackrock Extended Equity Market Fund F – Collective trust fund | * | 157,513,979 |
Year Ended December 31 | ||||||||
2013 | 2012 | |||||||
Amgen stock | $ | 59,102,899 | $ | 49,564,698 | ||||
Common and preferred stocks | 300,185,251 | 125,069,426 | ||||||
Debt securities | (10,693,199 | ) | 1,926,382 | |||||
Mutual funds | 45,547,605 | 64,631,385 | ||||||
Collective trust funds | 285,585,545 | 139,990,203 | ||||||
Other | 566,815 | (102,853 | ) | |||||
$ | 680,294,916 | $ | 381,079,241 |
December 31 | ||||||||
2013 | 2012 | |||||||
Net assets available for benefits per the financial statements | $ | 3,926,630,260 | $ | 3,125,218,249 | ||||
Adjustment from fair value to contract value for fully benefit-responsive investment contracts | 1,891,753 | 9,277,446 | ||||||
Amounts allocated to withdrawing participants | (250,785 | ) | (1,179,116 | ) | ||||
Deemed loans | (466,682 | ) | (394,362 | ) | ||||
Net assets per the Form 5500 | $ | 3,927,804,546 | $ | 3,132,922,217 |
Year Ended December 31 2013 | ||||
Interest and dividend income | $ | 40,042,545 | ||
Net realized/unrealized gains | 680,294,916 | |||
Total net investment income per the financial statements | 720,337,461 | |||
Adjustment from fair value to contract value for fully benefit-responsive investment contracts: | ||||
Less prior year adjustment | (9,277,446 | ) | ||
Add current year adjustment | 1,891,753 | |||
Total net investment income per the Form 5500 | $ | 712,951,768 |
Year Ended December 31 2013 | ||||
Benefits paid | $ | (223,992,574 | ) | |
Investment and administrative fees | (8,206,499 | ) | ||
Total distributions per the financial statements | (232,199,073 | ) | ||
Add prior year amounts allocated to withdrawing participants | 1,179,116 | |||
Less current year amounts allocated to withdrawing participants | (250,785 | ) | ||
Add prior year deemed loan balance | 394,362 | |||
Less current year deemed loan balance | (466,682 | ) | ||
Total distributions per the Form 5500 | $ | (231,343,062 | ) |
Identity of Issue | Description of Investment | Current Value | ||||||||
Amgen stock* | Employer Securities 2,061,404 shares | $ | 235,164,976 | |||||||
Capital Preservation Asset Class: | ||||||||||
Wells Fargo Fixed Income Fund D* | Collective trust fund 7,431,718 units | $ | 93,169,960 | |||||||
Wells Fargo Stable Return Fund G* | Collective trust fund 1,739,187 units | 89,220,661 | ||||||||
Wells Fargo Fixed Income Fund B* | Collective trust fund 3,402,054 units | 71,141,704 | ||||||||
Metropolitan Life Insurance Company* | Insurance separate account investment contract 542,893 units | 55,077,818 | ||||||||
NT Collective Short Term Investment Fund* | Collective trust fund 21,274,361 units | 21,274,361 | ||||||||
Wells Fargo Fixed Income Fund F* | Collective trust fund 375,102 units | 4,989,347 | ||||||||
Monumental Life Insurance Company* | Wrapper Contract | 117,559 | ||||||||
American General Life Insurance Company* | Wrapper Contract | — | ||||||||
Total Capital Preservation Asset Class | 334,991,410 | |||||||||
Emerging Markets Equity Asset Class: | ||||||||||
JP Morgan Emerging Markets Equity Focus Fund* | Collective trust fund 1,875,013 units | 32,362,733 | ||||||||
Artisan Emerging Markets/Ins | Mutual Fund 2,352,156 shares | 29,590,116 | ||||||||
Blackrock FTSE RAFI Emerging Index Non Lendable Fund F* | Collective trust fund 2,702,721 units | 28,855,603 | ||||||||
NT Collective Emerging Markets Fund - Non Lending* | Collective trust fund 32,842 units | 5,014,033 | ||||||||
Total Emerging Markets Equity Asset Class | 95,822,485 | |||||||||
Fixed Income Asset Class: | ||||||||||
Pimco PAPS Mortgage Portfolio | Mutual Fund 2,662,355 shares | 27,954,726 | ||||||||
NT Collective Aggregate Bond Index Fund - Non Lending* | Collective trust fund 134,201 units | 16,644,981 | ||||||||
Pimco PAPS U.S. Government Sector Portfolio | Mutual Fund 1,812,364 shares | 15,785,691 | ||||||||
Pimco PAPS Investment Grade Corporate Portfolio | Mutual Fund 1,463,083 shares | 15,347,741 | ||||||||
Pimco PAPS Real Return Portfolio #488 | Mutual Fund 1,495,221 shares | 13,217,758 | ||||||||
Pimco PAPS Short-Term Floating NAV Portfolio | Mutual Fund 889,726 shares | 8,906,153 | ||||||||
Pimco PAPS International Portfolio | Mutual Fund 1,858,952 shares | 8,458,233 | ||||||||
United States Treasury SEC Stripped Interest Payments Due 02/15/2021 | Government Bond 6,895,000 units | 5,731,840 | ||||||||
Pimco PAPS Emerging Markets Portfolio | Mutual Fund 323,589 shares | 3,216,472 | ||||||||
United States Treasury SEC Stripped Interest Payment Due 05/15/2018 | Government Bond 3,125,000 units | 2,920,712 | ||||||||
Pimco PAPS Asset-Backed Securities Portfolio #460 | Mutual Fund 203,510 shares | 2,438,045 | ||||||||
Pimco PAPS Short-Term Portfolio | Mutual Fund 230,267 shares | 2,194,445 | ||||||||
Pimco PAPS High Yield Portfolio | Mutual Fund 277,499 shares | 2,128,417 | ||||||||
NT Collective Short Term Investment Fund* | Collective trust fund 1,485,979 units | 1,485,979 | ||||||||
United States Treasury SEC Stripped Interest Payment 0% Due 08/15/2021 | Government Bond 1,505,000 units | 1,222,327 | ||||||||
United States Treasury SEC Stripped Interest Payment Due 11/15/2021 | Government Bond 1,475,000 units | 1,184,816 | ||||||||
United States Treasury Notes 2.25% Due 01/31/2015 | Government Bond 1,080,000 units | 1,104,046 | ||||||||
United States Treasury SEC Stripped Interest Payment Due 08/15/2020 | Government Bond 1,250,000 units | 1,066,242 | ||||||||
Pimco PAPS Municipal Sector Portfolio | Mutual Fund 136,019 shares | 1,063,667 | ||||||||
United States Treasury Notes 3% Due 02/28/17 | Government Bond 990,000 units | 1,054,968 | ||||||||
Fannie Mae Pool #466430 3.37% Due 11/01/2020 | Government Mortgage Backed Security 1,000,000 units | 1,033,101 | ||||||||
United States Treasury SEC Stripped Interest Payment 00517 Due 02/15/2029 | Government Bond 1,820,000 units | 1,019,712 | ||||||||
Fannie Mae Pool #MA0214 5% Due 10/01/2029 | Government Mortgage Backed Security 805,809 units | 893,570 | ||||||||
United States Treasury SEC Stripped Interest Payments Due 05/15/2021 | Government Bond 1,000,000 units | 822,139 | ||||||||
Fannie Mae Pool #AT5915 4% Due 06/01/2043 | Government Mortgage Backed Security 746,737 units | 761,786 | ||||||||
Structured Asset Mortgage Investments II Inc. Series 2004-AR1 Class A1 Floating Rate Due 03/19/2034 | Collateralized Mortgage Obligation 769,782 units | 755,456 | ||||||||
United States Treasury Notes 1.375% Due 12/31/2018 | Government Bond 750,000 units | 737,519 |
Identity of Issue | Description of Investment | Current Value | ||||||||
Ginnie Mae 5.5% Due 06/20/2035 | Government Mortgage Backed Security 650,000 units | 718,517 | ||||||||
Federal Home Loan Morgtage Corporation Gold Pool U9-0291 4% Due 10/01/2042 | Government Mortgage Backed Security 699,845 units | 713,345 | ||||||||
United States Treasury SEC Stripped Interest Payments Due 11/15/2028 | Government Bond 1,250,000 units | 708,753 | ||||||||
Fannie Mae Pool #AM2501 1.77% Due 02/01/2020 | Government Mortgage Backed Security 718,281 units | 700,850 | ||||||||
Fannie Mae Pool #AM2674 2.61% Due 03/01/2023 | Government Mortgage Backed Security 745,000 units | 691,714 | ||||||||
Federal Home Loan Mortgage Corporation Multiclass Series 3677 4.5% Due 05/15/2040 | Government Mortgage Backed Security 645,000 units | 682,071 | ||||||||
Fannie Mae Pool #MA1462 3.5% Due 06/01/2043 | Government Mortgage Backed Security 689,381 units | 679,186 | ||||||||
United States Treasury SEC Stripped Interest Payment Due 02/15/2026 | Government Bond 1,000,000 units | 648,818 | ||||||||
Fannie Mae Pool #AQ1534 3.5% Due 10/01/2032 | Government Mortgage Backed Security 626,149 units | 628,187 | ||||||||
United States Treasury SEC Stripped Interest Payment Due 02/15/2027 | Government Bond 1,000,000 units | 617,496 | ||||||||
United States Treasury SEC Stripped Interest Payment Due 11/15/2027 | Government Bond 1,000,000 units | 594,373 | ||||||||
Fannie Mae Pool #Am1762 2.39% Due 12/01/2022 | Government Mortgage Backed Security 630,000 units | 591,414 | ||||||||
Federal Home Loan Morgtage Corporation Gold Pool U89009 3.5% Due 09/01/2032 | Government Mortgage Backed Security 586,092 units | 589,032 | ||||||||
Ginnie Mae 2007-035 6% Due 06/20/2037 | Government Mortgage Backed Security 500,000 units | 558,463 | ||||||||
Federal Home Loan Mortgage Corporation Pool #Al2293 4.374% Due 06/01/2021 | Government Mortgage Backed Security 507,259 units | 550,673 | ||||||||
Ginnie Mae 6% Due 11/16/2032 | Government Mortgage Backed Security 489,142 units | 545,448 | ||||||||
United States Treasury Notes 2.625% Due 12/31/2014 | Government Bond 526,000 units | 538,780 | ||||||||
Fannie Mae Pool #AQ1607 3.5% Due 11/01/2032 | Government Mortgage Backed Security 535,965 units | 537,709 | ||||||||
Federal Home Loan Mortgage Corporation Series 2899 4% Due 12/15/2019 | Government Mortgage Backed Security 500,000 units | 537,208 | ||||||||
United States Treasury 0% Due 02/15/2030 | Government Bond 1,000,000 units | 534,002 | ||||||||
United States Treasury SEC Stripped Interest Payments 6.5% Due 11/15/26 | Government Bond 850,000 units | 531,433 | ||||||||
Ginnie Mae 5.25% Due 03/20/2038 | Government Mortgage Backed Security 482,000 units | 523,614 | ||||||||
Federal National Mortgage Association Pool #Al0561 3.738% Due 06/01/2018 | Government Mortgage Backed Security 480,819 units | 520,758 | ||||||||
Fannie Mae Series 2002-86 6% Due 09/25/2032 | Government Mortgage Backed Security 465,000 units | 520,421 | ||||||||
Fannie Mae Pool #AR7961 3.5% Due 03/01/2033 | Government Mortgage Backed Security 517,669 units | 519,360 | ||||||||
Federal Home Loan Mortgage Corporation Pool #S0/6297 3.5% Due 09/15/2042 | Government Mortgage Backed Security 518,022 units | 518,562 | ||||||||
Fannie Mae Pool #AM2711 2.57% Due 03/01/2023 | Government Mortgage Backed Security 545,000 units | 515,772 | ||||||||
Fannie Mae Pool #AM1990 2.33% Due 01/01/2023 | Government Mortgage Backed Security 550,000 units | 513,551 | ||||||||
Fannie Mae Pool #468559 4.01% Due 08/01/2021 | Government Mortgage Backed Security 483,305 units | 510,949 | ||||||||
Fannie Mae Series 2009-W1 6% Due 12/25/2049 | Government Mortgage Backed Security 447,683 units | 509,869 | ||||||||
Ginnie Mae 5% Due 03/16/2034 | Government Mortgage Backed Security 460,000 units | 502,819 | ||||||||
Federal National Mortgage Association Pool #Al2965 2.667% Due 12/01/2022 | Government Mortgage Backed Security 521,332 units | 499,561 | ||||||||
Federal Home Loan Morgtage Corporation Multiclass Series 4168 Class JA 3.5% Due 02/15/2043 | Government Mortgage Backed Security 479,475 units | 496,985 | ||||||||
Fannie Mae Preassign 00015 5.9% Due 07/25/2042 | Government Mortgage Backed Security 442,195 units | 487,764 | ||||||||
Fannie Mae Pool #AM3307 2.85% Due 05/01/2023 | Government Mortgage Backed Security 490,529 units | 471,834 | ||||||||
Ginnie Mae Pool 2013-H05 Remic Passthrough Class FB Floating Rate 02/20/2062 | Government Mortgage Backed Security 470,863 units | 467,979 | ||||||||
Federal Home Loan Mortgage Corporation Multiclass Series 3895 4.5% Due 07/15/2041 | Government Mortgage Backed Security 450,000 units | 458,093 | ||||||||
Fannie Mae Pool #471834 1.4% Due 07/01/2017 | Government Mortgage Backed Security 455,000 units | 456,988 | ||||||||
Federal Home Loan Mortgage Corporation Multiclass Series 3662 5% Due 04/15/2040 | Government Mortgage Backed Security 420,000 units | 444,732 | ||||||||
National Credit Union Association Guaranteed Trust 2010-R3 Due 12/06/2020 | Government Mortgage Backed Security 436,928 units | 439,550 | ||||||||
Fannie Mae Pool #467025 3.38% Due 01/01/2018 | Government Mortgage Backed Security 410,000 units | 435,602 | ||||||||
Fannie Mae 3.726% Due 06/25/2021 | Government Mortgage Backed Security 410,000 units | 427,653 | ||||||||
Federal Home Loan Mortgage Corporation Series 2595 5% Due 04/15/2023 | Government Mortgage Backed Security 390,000 units | 423,760 | ||||||||
Fannie Mae Pool #AM3301 2.35% Due 05/01/2023 | Government Mortgage Backed Security 455,021 units | 422,724 | ||||||||
Macmo Master Asset Securitization Trust 5.5% Due 12/25/2033 | Collateralized Mortgage Obligation 401,957 units | 420,199 | ||||||||
Fannie Mae Pool #465973 3.59% Due 10/01/2020 | Government Mortgage Backed Security 399,011 units | 417,701 | ||||||||
Fannie Mae Remic Trust 2001-81 6.5% Due 01/25/2032 | Government Mortgage Backed Security 376,973 units | 417,583 | ||||||||
Fannie Mae 1.80057001114% Due 12/25/2019 | Government Mortgage Backed Security 425,000 units | 417,017 | ||||||||
United States Treasury Bonds 8.125% Due 02/15/2021 | Government Bond 300,000 units | 415,289 | ||||||||
Fannie Mae Series 2012-M8 1.52042% Due 04/25/2018 | Government Mortgage Backed Security 414,141 units | 412,773 | ||||||||
Federal Home Loan Mortgage Corporation Multiclass Series 2901 4.5% Due 12/15/2019 | Government Mortgage Backed Security 380,000 units | 410,875 | ||||||||
Fannie Mae Series 2013-M7 Class A2 2.28% Due 12/25/2022 | Government Mortgage Backed Security 441,000 units | 402,548 | ||||||||
Fannie Mae Remic Trust 2004-W12 6.5% Due 07/25/2044 | Government Mortgage Backed Security 358,349 units | 401,910 | ||||||||
Federal Home Loan Mortgage Corporation Series 3507 5% Due 03/15/2036 | Government Mortgage Backed Security 375,067 units | 401,598 |
Identity of Issue | Description of Investment | Current Value | ||||||||
Fannie Mae Pool #467059 3.81% Due 01/01/2019 | Government Mortgage Backed Security 368,823 units | 389,436 | ||||||||
Fannie Mae Remic Series 2004-T1 6% Due 01/25/2044 | Government Mortgage Backed Security 366,018 units | 380,702 | ||||||||
Fannie Mae Preassign 00653 5.5% Due 03/25/2023 | Government Mortgage Backed Security 345,000 units | 378,271 | ||||||||
Fannie Mae Remic Series 2008-75 4.5% Due 09/25/2023 | Government Mortgage Backed Security 353,214 units | 374,866 | ||||||||
Fannie Mae Remic Series 2013-6 Class GI 09/25/2032 | Government Mortgage Backed Security 2,335,096 units | 374,538 | ||||||||
Fannie Mae 2011-M2 3.645% Due 07/25/2021 | Government Mortgage Backed Security 355,000 units | 372,171 | ||||||||
Fannie Mae Pool #468564 4.06% Due 07/01/2021 | Government Mortgage Backed Security 340,000 units | 360,758 | ||||||||
Fannie Mae 2006-114 5.5% Due 10/25/2035 | Government Mortgage Backed Security 341,558 units | 355,390 | ||||||||
Fannie Mae 3.5% Due 09/25/2038 | Government Agency Bond 345,707 units | 351,423 | ||||||||
Ginnie Mae 2004-30 5.5% Due 02/20/2034 | Government Mortgage Backed Security 321,708 units | 350,912 | ||||||||
JP Morgan Chase Commercial Mortgage Securities Trust 2006-A4 Due 05/12/2045* | Commercial Mortgage Backed Security 321,104 units | 348,793 | ||||||||
Federal Home Loan Mortgage Corporation Multiclass Series 2072 6.5% Due 07/15/2028 | Government Mortgage Backed Security 304,899 units | 342,001 | ||||||||
Fannie Mae Preassign 00166 6.5% Due 08/25/2036 | Government Mortgage Backed Security 303,229 units | 339,806 | ||||||||
Fannie Mae Pool #AM4764 3.44% Due 11/01/2023 | Government Mortgage Backed Security 340,000 units | 338,100 | ||||||||
Federal Home Loan Mortgage Corporation Multiclass Series 2980 6% Due 05/15/2035 | Government Mortgage Backed Security 295,559 units | 331,257 | ||||||||
Banc America Commercial Mortgage Inc. 2006-3 Due 07/10/2044* | Commercial Mortgage Backed Security 298,327 units | 324,537 | ||||||||
Federal Home Loan Mortgage Corporation Multiclass Series 3087 5.5% Due 12/15/2025 | Government Mortgage Backed Security 290,721 units | 321,865 | ||||||||
A10 Securitization 2013-1 LLC | Commercial Mortgage Backed Security 316,000 units | 314,943 | ||||||||
Federal Home Loan Mortgage Corporation Multiclass Series 3005 5% Due 07/15/2025 | Government Mortgage Backed Security 279,761 units | 307,925 | ||||||||
Springcastle SPV LLC 3.75% Due 04/05/2021 | Asset Backed Security 307,305 units | 307,882 | ||||||||
Ally Auto 0.85% Due 08/15/2016 | Asset Backed Security 305,000 units | 305,827 | ||||||||
Federal Home Loan Mortgage Corporation Multiclass Series 3211 6% Due 12/15/2035 | Government Mortgage Backed Security 285,242 units | 302,740 | ||||||||
Merrill Lynch Mortgage Investors Inc. Series 2003-5 Class-A1 Due 10/25/2028* | Collateralized Mortgage Obligation 303,573 units | 300,114 | ||||||||
Wachovia Bank National Association 6% Due 11/15/2017 | Corporate Bond 260,000 units | 300,014 | ||||||||
Fannie Mae Series 417 Class C11 2.5% Due 02/25/2028 | Government Mortgage Backed Security 2,492,793 units | 294,419 | ||||||||
World Omni Auto Receivables Trust Series 2012-A 1.0% Due 02/15/2017 | Asset Backed Security 293,000 units | 293,580 | ||||||||
Ginnie Mae Pool 2012-84 Class LI I-O 4% Due 05/16/2042 | Government Mortgage Backed Security 1,589,181 units | 290,167 | ||||||||
NorthStar LLC Serice 2013-1 Class A Floating Rate Due 08/25/2029 | Commercial Mortgage Backed Security 289,000 units | 288,983 | ||||||||
Flagship Credit Corporation | Asset Backed Security 288,275 units | 287,803 | ||||||||
CPS Auto Receivables Trust 2013-C Class A 1.64% Due 04/16/2018 | Asset Backed Security 285,340 units | 285,536 | ||||||||
Fannie Mae Remic Trust 2010-9 4.5% Due 10/25/2039 | Government Mortgage Backed Security 276,922 units | 284,729 | ||||||||
Fannie Mae Pool #466049 2.49% Due 10/01/2017 | Government Mortgage Backed Security 272,785 units | 282,750 | ||||||||
Carnow Auto Receivables Trust 2013-1 Class A 1.16% Due 10/16/2017 | Asset Backed Security 275,948 units | 275,814 | ||||||||
VNDO Mortgage Trust 2012-6Ave 2.9950% Due 11/15/2030 | Commercial Mortgage Backed Security 295,237 units | 275,297 | ||||||||
Federal Home Loan Mortage Corporation Series 3542 Class N 0% Due 07/15/2036 | Government Mortgage Backed Security 300,527 units | 273,043 | ||||||||
Fannie Mae Pool #890231 5% Due 07/01/2025 | Government Mortgage Backed Security 249,227 units | 272,330 | ||||||||
JP Morgan Chase Commercial Mortgage-Backed Securities Corporation Series 2006-Ldp6 Variable Rate Due 04/15/2043* | Commercial Mortgage Backed Security 250,000 units | 270,896 | ||||||||
Fannie Mae Pool 00743 3.5% Due 10/25/2037 | Government Mortgage Backed Security 262,816 units | 270,754 | ||||||||
UBS AG Stamford Branch 3.875% Due 01/15/2015 | Corporate Bond 260,000 units | 268,802 | ||||||||
Residential Accredited Loans Inc. Pass-Through Series 2004-QS7 5.5% Due 05/25/2034 | Collateralized Mortgage Obligation 253,783 units | 258,825 | ||||||||
Morgan Stanley Trust Service 2012-IO Remic Pass-Through 1% Due 03/27/2051 | Collateralized Mortgage Obligation 258,625 units | 258,610 | ||||||||
Wachovia Bank Commercial Mortgage Pass-Through Due 07/15/45 | Commercial Mortgage Backed Security 240,522 units | 258,317 | ||||||||
Toyota Motor Credit Corporation 2% Due 09/15/2016 | Corporate Bond 250,000 units | 257,152 | ||||||||
Ginnie Mae 0% Due 12/20/2040 | Government Mortgage Backed Security 319,785 units | 254,578 | ||||||||
National Bank of Canada 1.65% Due 01/30/2014 | Corporate Bond 250,000 units | 250,258 | ||||||||
JP Morgan Mortgage Trust Series 2004-A3 Due 07/25/2034* | Collateralized Mortgage Obligation 248,850 units | 246,459 | ||||||||
Citigroup/Deutsche Bank Commercial 2005-CD1 Variable Rate Due 07/15/2044 | Commercial Mortgage Backed Security 230,000 units | 246,142 | ||||||||
Fannie Mae 1.43% Due 03/25/2037 | Government Mortgage Backed Security 1,667,626 units | 245,511 | ||||||||
Federal Home Loan Mortgage Corporation Series 3852 Floating Rate Due 05/15/2041 | Government Mortgage Backed Security 231,467 units | 243,025 | ||||||||
Wachovia Corporation 5.75% Due 02/01/2018 | Corporate Bond 210,000 units | 242,146 | ||||||||
Stadshypotek AB (publ) 1.875% Due 10/02/2019 | Corporate Bond 250,000 units | 240,950 | ||||||||
Merrill Lynch Mortgage Investors Inc. 2004-B Class 1 Due 05/25/2029* | Collateralized Mortgage Obligation 247,709 units | 240,179 |
Identity of Issue | Description of Investment | Current Value | ||||||||
UBS Commercial Mortgage 2007 C7 Variable Rate Mortgage Pass Thru Class A/3 09/15/2045 | Commercial Mortgage Backed Security 216,110 units | 239,679 | ||||||||
Fannie Mae Remic Trust 2005-87 5% Due 12/25/2033 | Government Mortgage Backed Security 231,518 units | 237,347 | ||||||||
Exeter Automobile Receivables Trust 2013-1 Class A 0% Due 10/16/2017 | Asset Backed Security 233,760 units | 234,199 | ||||||||
Fannie Mae Pool #Ap0645 3.5% Due 07/01/2032 | Government Mortgage Backed Security 232,275 units | 233,036 | ||||||||
Federal Home Loan Mortgage Corporation Income Only Multiclass Series 4030 3.50% Due 04/15/2027 | Government Mortgage Backed Security 1,817,345 units | 232,397 | ||||||||
Chase Mortgage Financial Trust Series 2007-A1 Pass-Through 2.753% Due 02/25/2037 | Collateralized Mortgage Obligation 232,083 units | 232,293 | ||||||||
Banc America Commercial Mortgage Inc. 2005-3 Pass-Through 4.727% Due 07/10/2043* | Commercial Mortgage Backed Security 220,000 units | 228,571 | ||||||||
First Horizon Mortgage Pass-Through Trust Series 2004-AR6 4.75% Due 12/25/34 | Collateralized Mortgage Obligation 229,648 units | 225,871 | ||||||||
General Electric Capital Corporation 2.25% Due 11/19/2015 | Corporate Bond 219,000 units | 225,704 | ||||||||
Sequoia Mortgage Trust Floating Rate Due 11/20/2034 | Collateralized Mortgage Obligation 228,842 units | 225,152 | ||||||||
Springleaf Mortgage Loan Trust 2013-1A Class A 1.27% Due 06/25/2058 | Collateralized Mortgage Obligation 225,694 units | 225,128 | ||||||||
United States Treasury Bonds 4.24% Due 05/15/2039 | Government Bond 210,000 units | 223,945 | ||||||||
Homestar Mortgage Acceptance Corporation Series 2004-4 Class A3 Floating Rate Due 09/25/2034 | Collateralized Mortgage Obligation 224,456 units | 223,383 | ||||||||
United States Treasury Bonds 4.5% Due 02/15/2036 | Government Bond 200,000 units | 222,531 | ||||||||
Oracle Corporation 3.625% Due 07/15/2023 | Corporate Bond 224,000 units | 222,201 | ||||||||
Nordea Bank 1.625% Due 05/15/2018 | Corporate Bond 225,000 units | 219,846 | ||||||||
HSBC Bank PLC 4.75% Due 01/19/2021 | Corporate Bond 200,000 units | 217,086 | ||||||||
Flagship Credit Auto Trust 2013-2 Class A 1.94% Due 01/15/19 | Asset Backed Security 213,422 units | 213,404 | ||||||||
Anadarko Petroleum Corporation 6.45% Due 09/15/2036 | Corporate Bond 190,000 units | 213,358 | ||||||||
Goldman Sachs Group Inc. 5.375% Due 03/15/2020 | Corporate Bond 190,000 units | 211,305 | ||||||||
Fannie Mae Pool #735070 6.5% Due 10/01/2024 | Government Mortgage Backed Security 190,059 units | 211,224 | ||||||||
Fannie Mae Pool #254762 5% Due 05/01/2023 | Government Mortgage Backed Security 192,791 units | 209,234 | ||||||||
Master Adjustable Rate Mortgages Trust 2004-8 Due 08/25/2034 | Collateralized Mortgage Obligation 208,571 units | 207,979 | ||||||||
AT&T Inc. 3.875% Due 08/15/2021 | Corporate Bond 205,000 units | 207,686 | ||||||||
Ford Credit Auto Owner .82% Due 12/15/2017 | Asset Backed Security 201,000 units | 201,730 | ||||||||
UBS-Bank of America Merrill Lynch Trust Series 2012-Wrm 3.663% Due 06/10/2030* | Commercial Mortgage Backed Security 211,000 units | 200,462 | ||||||||
UBS Commercial Mortgage Income Only Trust 2012-C1 2.561868% Due 05/10/2045 | Commercial Mortgage Backed Security 1,542,491 units | 200,095 | ||||||||
United States Treasury Notes 4% Due 08/15/2018 | Government Bond 180,000 units | 199,645 | ||||||||
Fannie Mae Remic Series 2013-13 Class IK 03/25/2028 | Government Mortgage Backed Security 1,700,874 units | 198,691 | ||||||||
UBS-Barclays Commercial Mortgage 2012-C2 3.52500009537% Due 05/10/2063 | Commercial Mortgage Backed Security 197,600 units | 195,320 | ||||||||
CWMBS Inc. 5.25% Due 05/25/2034 | Collateralized Mortgage Obligation 185,047 units | 190,073 | ||||||||
Structured Asset Securities Corporation 2003-26A Pass-Through Due 09/25/2033 | Collateralized Mortgage Obligation 190,570 units | 186,736 | ||||||||
Wells Fargo Resecure Trust 2012-IO Class A 1.75% Due 08/22/2017* | Commercial Mortgage Backed Security 187,763 units | 186,636 | ||||||||
HLSS Servicer Advance Receivables Series 2013-T1 Class A2T1 1.4953% Due 01/16/2046 | Asset Backed Security 186,000 units | 185,312 | ||||||||
Fannie Mae Pool #256601 6% Due 02/01/2027 | Government Mortgage Backed Security 165,401 units | 184,177 | ||||||||
Cobalt CMBS Commercial Mortgage Trust 2006-C1 Pass-Through 5.186% Due 08/01/48 | Commercial Mortgage Backed Security 170,000 units | 183,429 | ||||||||
Springleaf Mortgage Loan Trust Series 2012-2 Variable Rate Due 10/25/2057 | Collateralized Mortgage Obligation 179,423 units | 182,783 | ||||||||
Fannie Mae Pool #576557 6.5% Due 06/01/2019 | Government Mortgage Backed Security 162,653 units | 180,879 | ||||||||
American Credit Acceptance Receivables Series 2013-2 Class A 1.32% Due 02/15/2017 | Asset Backed Security 180,695 units | 180,738 | ||||||||
Springleaf Mortgage Loan Trust 2013-2 Class M-/1 Variable Rate Due 12/25/2065 | Collateralized Mortgage Obligation 181,000 units | 177,996 | ||||||||
Northstar Mortgage Trust Series 2012-1 Floating Rate Due 04/25/2015 | Commercial Mortgage Backed Security 177,449 units | 177,515 | ||||||||
Bayview Commercial Asset Trust Variable Rate Due 11/25/2035 | Commercial Mortgage Backed Security 206,746 units | 177,140 | ||||||||
Morgan Stanley Dean Witter Capital I Trust 2003-HYB1 Variable Rate Due 02/25/2033 | Collateralized Mortgage Obligation 175,035 units | 173,185 | ||||||||
Springleaf Mortgage Loan Trust 2013-2 Class M-2 Variable Rate 12/25/65 | Collateralized Mortgage Obligation 175,000 units | 172,343 | ||||||||
Morgan Stanley 5.75% Due 01/25/2021 | Corporate Bond 150,000 units | 169,690 | ||||||||
Federal Home Loan Mortgage Corporation Multiclass Series 3852 Floating Rate Due 05/15/2041 | Government Mortgage Backed Security 161,169 units | 167,975 | ||||||||
HLSS Servicer Advance Receivables Trust Series 2013-T4 Class AT4 1.183% Due 08/15/2044 | Asset Backed Security 168,000 units | 167,798 | ||||||||
HSBC Holdings PLC 4% Due 03/30/2022 | Corporate Bond 163,000 units | 167,539 | ||||||||
Banc of America Funding Corporation Series 2005-E Class 4-A-1 Due 03/20/2035* | Collateralized Mortgage Obligation 166,546 units | 167,323 |
Identity of Issue | Description of Investment | Current Value | ||||||||
Fannie Mae Stripped Mortgage-Backed Securities Trust 410 Class 29 4% Due 05/25/2027 | Government Mortgage Backed Security 1,311,303 units | 165,683 | ||||||||
AmeriCredit Automobile Receivables Trust 2013-3 | Asset Backed Security 164,000 units | 163,711 | ||||||||
Telefonica 6.221% Due 07/03/2017 | Corporate Bond 145,000 units | 163,462 | ||||||||
Trafigura Securitisation Finance PLC Due 10/15/2015 | Asset Backed Security 160,000 units | 161,945 | ||||||||
Residential Accredited Loans Inc. Pass-Through Series 2003QS7 4.75% Due 04/25/2033 | Collateralized Mortgage Obligation 158,668 units | 161,564 | ||||||||
Royal Bank of Canada 1.2% Due 09/19/2017 | Corporate Bond 163,000 units | 161,506 | ||||||||
Structured Asset Securities Corporation Series 2004-6XS Due 03/25/2034 | Asset Backed Security 162,563 units | 161,231 | ||||||||
United States Treasury Notes 3.25% Due 12/31/2016 | Government Bond 150,000 units | 160,887 | ||||||||
General Electric Capital Corporation 5.5% Due 01/08/2020 | Corporate Bond 140,000 units | 160,323 | ||||||||
Conoco Inc. 6.95% Due 04/15/2029 | Corporate Bond 125,000 units | 158,172 | ||||||||
VFC 2013-1 LLC & Subsidiaries 144A 3.13% Due 03/20/2026 | Asset Backed Security 157,102 units | 158,032 | ||||||||
Wells Fargo & Company 4.48% Due 01/16/2024* | Corporate Bond 158,000 units | 157,280 | ||||||||
Hess Corporation LLC 5.29% Due 03/25/2016 | Asset Backed Security 150,000 units | 156,856 | ||||||||
Fannie Mae Pool #256556 6% Due 01/01/2027 | Government Mortgage Backed Security 141,010 units | 156,781 | ||||||||
CitiFinancial Mortgage 5.348% Due 08/25/2033 | Asset Backed Security 160,999 units | 156,428 | ||||||||
Thornburg Mortgage Securities Trust 2004-3 Pass-Through Floating Rate Due 11/30/2044 | Collateralized Mortgage Obligation 162,861 units | 155,871 | ||||||||
Santander Drive Auto Receivables Trust 0.82999998331% Due 12/15/2016 | Asset Backed Security 155,000 units | 155,032 | ||||||||
Spectra Energy Capital 5.65% Due 03/01/2020 | Corporate Bond 141,000 units | 153,539 | ||||||||
Banc America Mortgage Securities Inc. Series 2003-3 5.5% Due 05/25/2033* | Collateralized Mortgage Obligation 148,030 units | 152,242 | ||||||||
Fannie Mae Pool #889213 5.5% Due 10/01/2020 | Government Mortgage Backed Security 139,271 units | 150,479 | ||||||||
Wells Fargo Mortgage Backed Securities Due 09/25/2034* | Collateralized Mortgage Obligation 148,421 units | 149,827 | ||||||||
Morgan Stanley Capital I Trust 2011-C3 4.054% Due 07/15/2049 | Commercial Mortgage Backed Security 141,000 units | 149,398 | ||||||||
Citigroup Mortgage Loan Trust Series 2010-8 4.5% Due 12/25/2036 | Collateralized Mortgage Obligation 144,472 units | 148,597 | ||||||||
Merrill Lynch & Company Inc. 6.875% Due 04/25/2018* | Corporate Bond 125,000 units | 147,796 | ||||||||
Washington Mutual Mortgage Pass-Through 2.67% Due 08/25/2033 | Collateralized Mortgage Obligation 145,582 units | 146,019 | ||||||||
Wells Fargo Mortgage Backed Securities 2004-EE Trust Variable Rate Due 12/25/2034* | Collateralized Mortgage Obligation 144,365 units | 146,013 | ||||||||
PRICOA Global Funding 1.6% Due 05/29/2018 | Corporate Bond 150,000 units | 145,402 | ||||||||
Carfinance Cap Auto Trust 2013-1 Class A 1.65% Due 07/17/2017 | Asset Backed Security 144,880 units | 144,560 | ||||||||
Barrick North America Finance LLC 4.4% Due 05/30/2021 | Corporate Bond 150,000 units | 144,427 | ||||||||
Nordea Bank 7% Due 11/13/2014 | Corporate Bond 140,000 units | 143,891 | ||||||||
CWMBS Inc. Pass-Through 5.25% Due 05/25/2034 | Collateralized Mortgage Obligation 141,197 units | 142,719 | ||||||||
Santander Drive Auto Receivables Trust 1.08% Due 04/15/2016 | Asset Backed Security 142,319 units | 142,584 | ||||||||
Verizon Communications Inc. 5.5% Due 02/15/2018 | Corporate Bond 125,000 units | 141,220 | ||||||||
PHH Mortgage Trust Series 6% Due 07/25/2038 | Collateralized Mortgage Obligation 136,513 units | 141,066 | ||||||||
Citigroup, Inc. 8.5% Due 05/22/2019 | Corporate Bond 110,000 units | 140,975 | ||||||||
Sequoia Mortgage Trust Variable Rate Due 09/20/2034 | Collateralized Mortgage Obligation 149,135 units | 140,898 | ||||||||
JP Morgan Mortgage Trust 2006-A2 3.75% Due 04/25/2036* | Collateralized Mortgage Obligation 138,718 units | 139,609 | ||||||||
Time Warner Inc. 4.75% Due 03/29/2021 | Corporate Bond 130,000 units | 138,628 | ||||||||
Fannie Mae Series 343 Class 29 5% Due 10/01/2018 | Government Mortgage Backed Security 1,789,920 units | 138,286 | ||||||||
Master Alternative Loan Trust 5.5% Pass-Through | Collateralized Mortgage Obligation 131,677 units | 137,830 | ||||||||
Comcast Corporation 6.5% Due 01/15/2017 | Corporate Bond 120,000 units | 137,472 | ||||||||
DBUBS Mortgage Trust Pass Through Income Only Series 2011-Lc2 Class X-A 144A Due 07/10/2044 | Commercial Mortgage Backed Security 2,414,784 units | 137,350 | ||||||||
Keycorp 5.1% Due 03/24/2021 | Corporate Bond 125,000 units | 136,614 | ||||||||
JP Morgan Mortgage Trust Series 2004-S1 5.5% Due 09/25/2034* | Collateralized Mortgage Obligation 130,369 units | 135,287 | ||||||||
Trans Canada Pipelines Limited 3.8% Due 10/01/2020 | Corporate Bond 130,000 units | 134,567 | ||||||||
Barclays Bank 5.2% Due 07/10/2014 | Corporate Bond 130,000 units | 133,246 | ||||||||
Huntington Auto Trusts Series 2012-1 0.81% Due 09/15/2016 | Asset Backed Security 132,328 units | 132,654 | ||||||||
Master Alternative Loan Trust 2004-3 6.25% Due 04/25/2034 | Collateralized Mortgage Obligation 127,659 units | 132,043 | ||||||||
Centex Home Equity 4.68% Due 06/25/2032 | Asset Backed Security 126,023 units | 130,656 | ||||||||
Illinois State Taxable Pension 5.1% Due 06/01/2033 | Municipal/Provincial Bond 140,000 units | 130,452 | ||||||||
Fannie Mae Remic Trust 2010-49 Variable Rate Due 03/25/2040 | Government Mortgage Backed Security 111,200 units | 130,330 | ||||||||
Nabors Industries Limited 4.625% Due 09/15/2021 | Corporate Bond 130,000 units | 130,152 | ||||||||
MetLife Global 2.5% Due 09/29/2015 | Corporate Bond 125,000 units | 128,741 | ||||||||
Bank of America Funding Corporation 7.375% Due 05/15/2014* | Corporate Bond 125,000 units | 128,111 | ||||||||
International Business Machines Corporation 7.625% Due 10/15/2018 | Corporate Bond 100,000 units | 125,086 |
Identity of Issue | Description of Investment | Current Value | ||||||||
Credit Agricole SA 8.375% Floating Rate Due 08/15/2029 | Corporate Bond 110,000 units | 124,850 | ||||||||
Washington Mutual Mortgage 5.5% Due 04/25/2033 | Collateralized Mortgage Obligation 122,629 units | 124,413 | ||||||||
Citigroup Mortgage Loan Trust 2008-AR4 Remic Pass-Through Due 11/25/2038 | Collateralized Mortgage Obligation 123,395 units | 124,370 | ||||||||
American Express Credit 5.125% Due 08/25/2014 | Corporate Bond 120,000 units | 123,654 | ||||||||
Bank of Montreal 2.55% Due 11/06/2022 | Corporate Bond 135,000 units | 123,420 | ||||||||
Kraft Foods Group Inc. 5.375% Due 02/10/2020 | Corporate Bond 109,000 units | 122,974 | ||||||||
Goldman Sachs Group Inc. 7.5% Due 02/15/2019 | Corporate Bond 100,000 units | 121,797 | ||||||||
Morgan Stanley 7.3% Due 05/13/2019 | Corporate Bond 100,000 units | 121,441 | ||||||||
Ginnie Mae 2007-024 Remic Pass-Through Floating Rate Due 05/20/2037 | Government Mortgage Backed Security 924,873 units | 120,611 | ||||||||
General Electric Capital Corporation 5.625% Due 05/01/2018 | Corporate Bond 105,000 units | 120,579 | ||||||||
Citigroup Commercial Mortgage Trust Series 2005-C3 Due 05/15/2043 | Commercial Mortgage Backed Security 115,000 units | 119,731 | ||||||||
United States Treasury Bonds 6.375% Due 08/15/27 | Government Bond 90,000 units | 119,503 | ||||||||
Mercedes-Benz Auto Series 2013-1 Class A 3.78% Due 08/15/2017 | Asset Backed Security 119,000 units | 119,228 | ||||||||
Ontario Province Canada 4% Due 10/07/2019 | Municipal/Provincial Bond 110,000 units | 119,079 | ||||||||
Credit Suisse First Boston Securities Corporation Series 2006-C1 Floating Rate Due 02/15/2039 | Commercial Mortgage Backed Security 110,000 units | 118,514 | ||||||||
Ryder System Inc. Trust 00208 3.5% Due 06/01/2017 | Corporate Bond 113,000 units | 118,233 | ||||||||
Hydro-Quebec Series 8.4% Due 01/15/2022 | Municipal/Provincial Bond 90,000 units | 117,613 | ||||||||
General Electric Capital Corporation 6% Due 08/07/2019 | Corporate Bond 100,000 units | 117,331 | ||||||||
Morgan Stanley 6.625% Due 04/01/2018 | Corporate Bond 100,000 units | 117,009 | ||||||||
Jefferies Group 8.5% Due 07/15/2019 | Corporate Bond 95,000 units | 115,900 | ||||||||
Comcast Corporation 5.7% Due 07/01/2019 | Corporate Bond 100,000 units | 115,577 | ||||||||
Laboratory Corporation of America Holdings 2.2% Due 08/23/2017 | Corporate Bond 115,000 units | 115,375 | ||||||||
Morgan Stanley Mortgage Loan Trust 2004-2AR Due 09/25/2034 | Collateralized Mortgage Obligation 117,464 units | 115,199 | ||||||||
Ameriprise Financial Inc. 4% Due 10/15/2023 | Corporate Bond 115,000 units | 114,659 | ||||||||
First Investors Auto Owner Trust 2013-1 Class A-2 2 .9% Due 10/15/2018 | Asset Backed Security 114,604 units | 114,656 | ||||||||
General Electric Capital Corporation 5.625% Due 09/15/2017 | Corporate Bond 100,000 units | 113,760 | ||||||||
Apple Inc. 2.4% Due 05/03/2023 | Corporate Bond 126,000 units | 113,301 | ||||||||
EOG Resources Inc. 2.625% Due 03/15/2023 | Corporate Bond 124,000 units | 112,811 | ||||||||
British Telecommunications PLC Stepup 12/15/2030 | Corporate Bond 75,000 units | 111,918 | ||||||||
Intuit Inc. 5.75% Due 03/15/2017 | Corporate Bond 100,000 units | 111,809 | ||||||||
Fannie Mae 0% Due 12/01/2024 | Government Mortgage Backed Security 115,498 units | 111,713 | ||||||||
Rio Tinto Financial USA 9% Due 05/01/2019 | Corporate Bond 85,000 units | 110,978 | ||||||||
Praxair Inc. 1.25% Due 11/07/2018 | Corporate Bond 115,000 units | 109,922 | ||||||||
Amerada Hess Corporation 7.3% Due 08/15/2031 | Corporate Bond 90,000 units | 109,914 | ||||||||
Lincoln National Corporation 6.25% Due 02/15/2020 | Corporate Bond 95,000 units | 109,519 | ||||||||
Wells Fargo Mortgage Backed Securities 2004-K Due 07/25/2034* | Collateralized Mortgage Obligation 109,432 units | 109,419 | ||||||||
Nordea Bank 4.875% Due 01/27/2020 | Corporate Bond 100,000 units | 109,293 | ||||||||
Principal Life Global 2.25% Due 10/15/2018 | Corporate Bond 110,000 units | 109,127 | ||||||||
Toronto Dominion Bank 2.2% Due 07/29/2015 | Corporate Bond 105,000 units | 107,783 | ||||||||
Roche Holdings Inc. 6% Due 03/1/2019 | Corporate Bond 92,000 units | 107,662 | ||||||||
Dow Chemical Company 8.55% Due 05/15/2019 | Corporate Bond 83,000 units | 107,169 | ||||||||
Credit Suisse First Boston 5.125% Due 08/15/2015 | Corporate Bond 100,000 units | 107,161 | ||||||||
Fannie Mae Pool #735439 6% Due 09/01/2019 | Government Mortgage Backed Security 100,291 units | 106,957 | ||||||||
Banc America Commercial Mortgage Inc. 2005-6 5.195% Due 09/10/2047* | Commercial Mortgage Backed Security 100,000 units | 106,454 | ||||||||
Rabobank Nederland Variable Rate Due 12/29/2049 | Corporate Bond 80,000 units | 105,900 | ||||||||
HSBC Finance Corporation 5% Due 06/30/2015 | Corporate Bond 100,000 units | 105,672 | ||||||||
GMAC Commercial Mortgage Securities 5.238% Due 11/10/2045 | Commercial Mortgage Backed Security 100,000 units | 105,068 | ||||||||
GS Mortgage Securities Corporation 2004-6F 5.5% Due 05/25/3034 | Collateralized Mortgage Obligation 99,991 units | 104,773 | ||||||||
Massmutual Global Funding 3.125% Due 04/14/2016 | Corporate Bond 100,000 units | 104,676 | ||||||||
National Australia Bank Limited 3% Due 07/27/2016 | Corporate Bond 100,000 units | 104,668 | ||||||||
Peco Energy Company 2.375% Due 09/15/2022 | Corporate Bond 115,000 units | 104,508 | ||||||||
Simon Property Group Inc. 6.125% Due 05/30/2018 | Corporate Bond 90,000 units | 104,203 | ||||||||
Morgan Stanley 3.45% Due 02/11/2015 | Corporate Bond 100,000 units | 104,091 | ||||||||
Citigroup, Inc. 6.125% Due 11/21/2017 | Corporate Bond 90,000 units | 103,744 | ||||||||
Ginnie Mae Remic Series 2008-40 Floating Rate Due 05/16/2038 | Government Mortgage Backed Security 599,074 units | 103,639 | ||||||||
HRPT Properties Trust 6.65% Due 01/15/2018 | Corporate Bond 95,000 units | 103,589 | ||||||||
Ginnie Mae 2009-016 Remic Pass-Through Floating Rate Due 05/20/2037 | Government Mortgage Backed Security 559,961 units | 103,299 | ||||||||
Ontario Province Canada 2.7% Due 06/16/2015 | Municipal/Provincial Bond 100,000 units | 103,289 |
Identity of Issue | Description of Investment | Current Value | ||||||||
Total Capital 2.3% Due 03/15/2016 | Corporate Bond 100,000 units | 103,031 | ||||||||
Macquarie Bank Limited 5% Due 02/22/2017 | Corporate Bond 95,000 units | 103,022 | ||||||||
Daimler Financial North America LLC 2.25% Due 07/31/2019 | Corporate Bond 105,000 units | 102,910 | ||||||||
EMC Corporation 2.65% Due 06/01/2020 | Corporate Bond 105,000 units | 102,835 | ||||||||
Bayview Commercial Asset Trust Variable Rate Due 01/25/2036 | Commercial Mortgage Backed Security 120,455 units | 102,807 | ||||||||
International Business 1.95% Due 07/22/2016 | Corporate Bond 100,000 units | 102,735 | ||||||||
Commonwealth Bank of Australia 3.75% Due 10/15/2014 | Corporate Bond 100,000 units | 102,549 | ||||||||
Norfolk Southern Corporation 2.903% Due 02/15/2023 | Corporate Bond 111,000 units | 102,528 | ||||||||
Bank of America Corporation 5.65% Due 05/01/2018* | Corporate Bond 90,000 units | 102,444 | ||||||||
Barclays Bank 2.75% Due 02/23/2015 | Corporate Bond 100,000 units | 102,259 | ||||||||
Banc of America Alternative Loan Trust 2003-5 5% Due 07/25/2018* | Collateralized Mortgage Obligation 99,244 units | 102,199 | ||||||||
MetLife Global 5.125% Due 06/10/2014 | Corporate Bond 100,000 units | 102,073 | ||||||||
Bank of Nova Scotia 1.65% Due 10/29/2015 | < |