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
	FIRST DATA CORP REV	B-	9.875 %	9/24/2015	14.21 %
	ROYAL CARIBBEAN CRUISES LTD REV	BB	11.875 %	7/15/2015	14.09 %
	CONSTELLATION BRANDS INC REV	BB+	8.375 %	12/15/2014	12.31 %
	STEEL DYNAMICS INC REV	BB+	6.750 %	4/1/2015	11.96 %
	NEXTEL COMMUNICATIONS INC SR REV SERIAL REDEEMABLE NT SER D	B+	7.375 %	8/1/2015	11.29 %
	FIRST INDL L P	BB-	6.420 %	6/1/2014	10.30 %
	NUVEEN INVTS INC REV	CCC	10.500 %	11/15/2015	10.29 %
	CHESAPEAKE ENERGY CORP	BB-	7.625 %	7/15/2013	6.67 %
	ARAMARK CORP	B	8.500 %	2/1/2015	5.47 %
	CHESAPEAKE ENERGY CORP	BB-	9.500 %	2/15/2015	3.41 %

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.