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
	INDIANA MICH PWR CO REV SR NT SER E	BBB	6.375 %	11/1/2012	4.93 %
	STATOILHYDRO ASA	AA-	2.900 %	10/15/2014	4.74 %
	AUTOZONE INC REV	BBB	5.500 %	11/15/2015	4.67 %
	ENTERPRISE PRODS OPER LLC REV	BBB	5.900 %	4/15/2013	4.60 %
	CISCO SYS INC REV SR NT	A+	5.500 %	2/22/2016	4.57 %
	CITIGROUP INC REV	A-	6.010 %	1/15/2015	4.52 %
	VIACOM INC NEW	BBB+	4.250 %	9/15/2015	4.50 %
	KROGER CO REV FIXED RT SR NT	BBB	3.900 %	10/1/2015	4.36 %
	SUNOCO INC	BB+	4.875 %	10/15/2014	4.28 %
	GOLDMAN SACHS GROUP INC GLOBAL SR NT	A-	5.500 %	11/15/2014	4.24 %
	JPMORGAN CHASE BK N A COLUMBUS REV	A	5.875 %	6/13/2016	4.00 %
	DIAGEO FIN BV REV GTD NT FIXED RT	A-	3.250 %	1/15/2015	3.87 %
	TOTAL CAP	AA-	3.125 %	10/2/2015	3.87 %
	DELL INC NT	A-	3.375 %	6/15/2012	3.85 %
	WASTE MGMT INC DEL REV	BBB	6.375 %	3/11/2015	3.83 %
	AMERICAN EXPRESS CO REV	BBB+	7.250 %	5/20/2014	3.74 %
	FIRSTENERGY SOLUTIONS CORP REV GTD SR NT	BBB-	4.800 %	2/15/2015	3.40 %
	VIACOM INC NAME CHANGED TO CBS CORP SR NT REV	BBB+	6.250 %	4/30/2016	3.38 %
	TYCO INTL FINANCE S A	A-	4.125 %	10/15/2014	3.19 %
	DELL INC REV	A-	5.625 %	4/15/2014	3.05 %
	PNC FDG CORP REV	A-	4.250 %	9/21/2015	2.93 %
	JPMORGAN CHASE & CO REV FIXED RATE	A	3.700 %	1/20/2015	2.89 %
	GENERAL ELEC CAP CORP MEDIUM TERM REV	AA+	4.375 %	9/21/2015	2.80 %
	WELLS FARGO & CO NEW MEDIUM	A+	3.750 %	10/1/2014	2.74 %
	COMCAST CORP REV NT	BBB+	5.850 %	11/15/2015	2.66 %
	KINDER MORGAN ENERGY PARTNERS L P REV	BBB	5.625 %	2/15/2015	2.66 %
	FORTUNE BRANDS INC REV	BBB-	6.375 %	6/15/2014	1.74 %

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.