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
	MARATHON OIL CORP SR NT REV	BBB	7.500 %	2/15/2019	4.44 %
	FEDEX CORP NT REV	BBB	8.000 %	1/15/2019	4.43 %
	MCKESSON CORP REV NTS	A-	7.500 %	2/15/2019	4.38 %
	WELLPOINT INC NT REV	A-	5.875 %	6/15/2017	4.36 %
	FISERV INC SR NT REV	BBB-	6.800 %	11/20/2017	4.34 %
	CLEVELAND ELEC ILLUM CO REV SR NT	BBB-	5.700 %	4/1/2017	4.33 %
	ENERGY TRANSFER PARTNERS LP REV SR NT	BBB-	9.000 %	4/15/2019	4.28 %
	CONSOLIDATED EDISON CO NY INC DEB SER 2008 C REV	A-	7.125 %	12/1/2018	4.24 %
	PACCAR INC MEDIUM TERM NTS BOOK ENTRY REV SER A	A+	6.875 %	2/15/2014	4.08 %
	VERIZON COMMUNICATIONS INC NT REV	A-	6.350 %	4/1/2019	4.08 %
	ALLIED WASTE NORTH AMER INC SR NT REV	NR	6.875 %	6/1/2017	4.00 %
	PLAINS ALL AMERN PIPELINE LP PAA FIN CORP SR NT REV	BBB-	6.500 %	5/1/2018	3.98 %
	ENTERGY TEX INC REV	BBB+	7.125 %	2/1/2019	3.96 %
	REED ELSEVIER CAP INC GTD NT REV	BBB+	8.625 %	1/15/2019	3.96 %
	INDIANA MICH PWR CO REV SR NT SER I	BBB	7.000 %	3/15/2019	3.92 %
	AT&T INC GLOBAL NT REV	A-	5.800 %	2/15/2019	3.91 %
	BHP BILLITON FIN USA LTD GTD SR NT REV	A+	6.500 %	4/1/2019	3.83 %
	ALTRIA GROUP INC NT REV	BBB	9.700 %	11/10/2018	3.79 %
	TIME WARNER CABLE INC GTD NTS REV	BBB	8.250 %	4/1/2019	3.78 %
	VALERO ENERGY CORP NT REV	BBB	9.375 %	3/15/2019	3.76 %
	AMGEN INC SR NT REV	A+	6.150 %	6/1/2018	3.74 %
	BARRICK GOLD CORP NT REV	A-	6.950 %	4/1/2019	3.73 %
	DELL INC NT REV	A-	5.650 %	4/15/2018	3.73 %
	TARGET CORP NT REV	A+	6.000 %	1/15/2018	3.64 %
	NOKIA CORP NT REV	BB+	5.375 %	5/15/2019	3.32 %

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.