PORTFOLIO HOLDINGS

as of 5/23/12

Ticker symbols provided for securities traded on U.S. Exchanges only.

SYMBOL	BONDS (as of deposit date)	S&P Rating	INTEREST RATE (%)	MATURITY	Portfolio Weighting
	ROCHE HLDGS INC GTD NT REV	AA-	6.000 %	3/1/2019	5.27 %
	FISERV INC SR NT REV	BBB-	6.800 %	11/20/2017	5.09 %
	WELLPOINT INC NT	A-	7.000 %	2/15/2019	4.96 %
	DELL INC NT REV	A-	5.650 %	4/15/2018	4.72 %
	SOUTHWESTERN ELEC PWR CO SR NTS REV SER F	BBB	5.875 %	3/1/2018	4.58 %
	WASTE MGMT INC DEL SR NT	BBB	7.375 %	3/11/2019	4.55 %
	ENTERGY TEX INC REV	BBB+	7.125 %	2/1/2019	4.54 %
	REED ELSEVIER CAP INC GTD NT REV	BBB+	8.625 %	1/15/2019	4.46 %
	TIME WARNER CABLE INC GTD NTS REV	BBB	8.250 %	4/1/2019	4.44 %
	THOMSON REUTERS CORP GTD NT REV	A-	6.500 %	7/15/2018	4.21 %
	BARRICK GOLD CORP NT REV	A-	6.950 %	4/1/2019	4.08 %
	SUNOCO INC NT REV	BB+	9.625 %	4/15/2015	4.05 %
	VERIZON COMMUNICATIONS INC NT REV	A-	6.350 %	4/1/2019	3.87 %
	VALERO ENERGY CORP NT REV	BBB	9.375 %	3/15/2019	3.84 %
	VIACOM INC NAME CHANGED TO CBS CORP SR NT REV	BBB+	6.250 %	4/30/2016	3.63 %
	ALTRIA GROUP INC GTD NT REV	BBB	9.250 %	8/6/2019	3.42 %
	AT&T INC GLOBAL NT REV	A-	5.800 %	2/15/2019	3.39 %
	BUCKEYE PARTNERS L P SR NT REV	BBB	6.050 %	1/15/2018	3.30 %
	DR PEPPER SNAPPLE INC SR NT REV	BBB	6.820 %	5/1/2018	3.21 %
	STAPLES INC SR NT REV	BBB	9.750 %	1/15/2014	3.17 %
	TENNESSEE GAS PIPELINE CO DEB REV	BB	7.500 %	4/1/2017	3.16 %
	RAS LAFFAN LIQUEFIED NAT GAS CO LTD II SER A REV	A	5.298 %	9/30/2020	3.15 %
	PACTIV CORP NT REV	NR	6.400 %	1/15/2018	2.93 %
	WASTE MGMT INC DEL SR NT REV	BBB	6.100 %	3/15/2018	2.85 %
	WESTERN UN CO NT REV	A-	6.500 %	2/26/2014	2.62 %
	BHP BILLITON FIN USA LTD GTD SR NT REV	A+	6.500 %	4/1/2019	2.41 %
	ABU DHABI NATL ENERGY CO PJSC GLOBAL MTN NT 144A REV	A-	7.250 %	8/1/2018	0.11 %

Trust holdings are provided for information purposes only and should not be deemed as a recommendation to buy or sell the individual securities shown. The holdings percentages for the Trust are based on invested assets and do not include any cash component of the portfolio.

*The S&P ratings apply to the bonds held by the trust, and not the trust itself.

Important Fund Information.
Bond credit quality allocation reflects the ratings of Standards & Poor’s Corporation. Ratings are relative, subjective and not absolute standards of quality, represent the opinions of the independent, Nationally Recognized Statistical Rating Organizations (NRSRO), and are according to the Standards & Poor’s scale. Ratings are measured using a scale that typically ranges from AAA (highest) to D (lowest). The security’s credit rating does not eliminate risk. For more information about securities ratings, please see the Fund’s. Additional information on ratings methodologies are available by visiting the NRSRO website: www.standardandpoors.com.