Delaware Corporate Bond Fund

Holdings as of 06/30/2010 (all share classes)

Portfolio holdings are as of the date noted above and are subject to change at any time. Holdings may not be representative of current or future investments and may not include the entire investment portfolio. Holdings information is made available to the public 30 calendar days after the most recent quarter-end.

Holdings data is for informational purposes only, and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any specific security. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or part. In no event shall the Delaware Family of Funds or its affiliates have any liability relating to the use of the portfolio holdings.

Unlike the Fund's regulatory filings, the portfolio data and its presentation in this document is not required to conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) presentation requirements. Therefore, it may differ from that provided in the complete portfolio of investments in the annual and semiannual report to shareholders filed with the SEC on Form N-CSR, and the complete portfolio of investments filed in the first and third quarter on Form N-Q.

SEC description	# Holdings	Portfolio %	Market value	Income rate	Maturity date	Nasdaq symbol
ABBOTT LABORATORIES	6,000,000.00	0.69	$6,298,272.00	4.12	05/27/2020	ABT
AFFINION GROUP INC TERM LOAN B	1,650,000.00	0.17	$1,575,411.75	5.00	10/07/2016	AFFINI
AGRIBANK FCB	3,017,000.00	0.39	$3,578,979.61	9.12	07/15/2019	AGRIBK
ALLIANCE HEALTHCARE TERM LOAN	1,194,000.00	0.13	$1,172,854.26	5.50	06/01/2016	AIQ
ALLIED WASTE NORTH AMERICA INC	6,399,000.00	0.76	$6,871,163.01	7.12	05/15/2016	AW
ALLIED WASTE NORTH AMERICA INC	8,090,000.00	0.97	$8,830,299.72	6.88	06/01/2017	AW
AMERICAN TOWER CORP	6,555,000.00	0.81	$7,341,600.00	7.00	10/15/2017	AMT
AMERICAN TRANSMISSION SYSTEMS	4,835,000.00	0.56	$5,079,162.67	5.25	01/15/2022	FE
AMGEN INC	1,102,000.00	0.12	$1,093,735.00	0.38	02/01/2013	AMGN CB1
AMTT 2007-1A AFX	1,349,000.00	0.16	$1,451,535.06	5.42	04/15/2037	AMTT
ANADARKO PETROLEUM CORP	3,950,000.00	0.37	$3,403,975.70	5.95	09/15/2016	APC
ANHEUSER-BUSCH INBEV WORLDWIDE	2,365,000.00	0.27	$2,477,477.04	5.00	04/15/2020	ABIBB
ANHEUSER-BUSCH INBEV WORLDWIDE	6,825,000.00	0.77	$6,993,236.25	3.62	04/15/2015	ABIBB
APPALACHIAN POWER CO	2,300,000.00	0.26	$2,339,355.30	3.40	05/24/2015	AEP
ARCELORMITTAL	3,870,000.00	0.53	$4,843,680.39	9.85	06/01/2019	MTNA
ARVINMERITOR INC	805,000.00	0.07	$627,900.00	4.00	02/15/2027	ARM CB
AT&T INC	6,345,000.00	0.78	$7,061,153.81	6.50	09/01/2037	T
AUSTRALIAN DOLLAR	303,466.27	0.03	$255,321.34	0.00	N/A	AUD
BACM 2004-3 A5	1,340,000.00	0.16	$1,420,689.98	5.59	06/10/2039	BACM
BAE SYSTEMS HOLDINGS INC	10,000.00	0.00	$10,736.47	5.20	08/15/2015	05523UAD2
BALL CORP	532,000.00	0.06	$559,265.00	7.12	09/01/2016	BLL
BALL CORP	798,000.00	0.09	$833,910.00	7.38	09/01/2019	BLL
BB&T CAPT TR IV	6,400,000.00	0.64	$5,848,000.00	6.82	06/12/2057	073294AA8
BB&T CORP	1,086,000.00	0.12	$1,123,775.42	5.25	11/01/2019	BBT
BEAR STEARNS COS LLC/THE	710,000.00	0.06	$584,779.90	5.27	12/07/2012	JPM
BRAMBLES USA INC	1,620,000.00	0.18	$1,685,329.74	5.35	04/01/2020	BXBAU
BRAMBLES USA INC	1,625,000.00	0.18	$1,651,973.38	3.95	04/01/2015	BXBAU
BRINKER INTERNATIONAL INC	3,000,000.00	0.35	$3,152,280.00	5.75	06/01/2014	EAT
BRITISH POUNDS	3,682.59	0.00	$5,501.05	0.00	N/A	POUNDS
BURLINGTON COAT FACTORY INVEST	1,150,000.00	0.13	$1,213,250.00	14.50	10/15/2014	BCFACT
BURLINGTON COAT FACTORY WAREHO	2,005,000.00	0.23	$2,085,200.00	11.12	04/15/2014	121579AB2
BURLINGTON NORTHERN SANTA FE C	4,500,000.00	0.52	$4,774,918.50	4.70	10/01/2019	BNI
BWAY HOLDING CO	400,000.00	0.05	$419,000.00	10.00	06/15/2018	BWY
CABLEVISION SYSTEMS CORP	600,000.00	0.07	$615,000.00	8.62	09/15/2017	CVC
CANADIAN DOLLAR	184,980.09	0.02	$173,771.81	0.00	N/A	CANDOLLAR
CAPITAL ONE CAPITAL V	375,000.00	0.04	$397,968.75	10.25	08/15/2039	COF
CAREFUSION CORP	50,000.00	0.00	$54,070.60	5.12	08/01/2014	CFN
CAREFUSION CORP	7,180,000.00	0.90	$8,216,346.84	6.38	08/01/2019	CAH
CASH	-5,203,105.37	-0.57	-$5,203,105.37	0.00	12/15/2038	US-CASH
CCCIT 2007-A3 A3	2,837,000.00	0.39	$3,582,877.37	6.15	06/15/2039	CCCIT
CDP FINANCIAL INC	3,510,000.00	0.40	$3,611,080.98	4.40	11/25/2019	CADEPO
CDP FINANCIAL INC	3,670,000.00	0.44	$3,971,835.48	5.60	11/25/2039	CADEPO
CENGAGE LEARNING TERM LOAN	1,316,649.80	0.14	$1,319,941.43	7.50	07/07/2014	TLACQ
CENTRAIS ELETRICAS BRASILEIRAS	8,515,000.00	1.02	$9,270,706.25	6.88	07/30/2019	ELEBRA
CF INDUSTRIES INC	875,000.00	0.10	$899,062.50	7.12	05/01/2020	CFINDU
CHARTER COMMUNICATIONS OPERATI	1,349,000.00	0.16	$1,504,135.00	10.88	09/15/2014	CHTR
CHESAPEAKE ENERGY CORP	580,000.00	0.07	$643,800.00	9.50	02/15/2015	CHK
CHESAPEAKE ENERGY CORP	1,439,000.00	0.16	$1,492,962.50	7.25	12/15/2018	CHK
CHUBB CORP	4,396,000.00	0.47	$4,264,120.00	6.38	03/29/2067	171232AP6
CITY NATIONAL CAPITAL TRUST I	4,250,000.00	0.49	$4,483,809.50	9.62	02/01/2040	CYN
CLEAN HARBORS INC	1,490,000.00	0.17	$1,538,425.00	7.62	08/15/2016	CLH
CMS ENERGY CORP	2,050,000.00	0.23	$2,082,806.15	6.55	07/17/2017	CMS
CMS ENERGY CORP	2,680,000.00	0.33	$2,972,358.52	8.75	06/15/2019	CMS
COBANK ACB	2,060,000.00	0.26	$2,380,074.56	7.88	04/16/2018	COBKAC
COMCAST CORP	11,305,000.00	1.40	$12,755,714.13	5.90	03/15/2016	20030NAL5
COMET 2007-A7 A7	1,147,000.00	0.15	$1,333,924.18	5.75	07/15/2020	COMET
COMMUNITY HEALTH SYSTEMS INC	1,115,000.00	0.13	$1,152,631.25	8.88	07/15/2015	CYH
COVIDIEN INTERNATIONAL FINANCE	2,040,000.00	0.23	$2,092,026.12	4.20	06/15/2020	COV
COX COMMUNICATIONS INC	1,045,000.00	0.13	$1,202,889.05	6.95	06/01/2038	COXENT
COX COMMUNICATIONS INC	1,675,000.00	0.21	$1,870,676.85	6.25	06/01/2018	COXENT
CRICKET COMMUNICATIONS INC	869,000.00	0.10	$886,380.00	9.38	11/01/2014	LEAP
CROWN CASTLE INTERNATIONAL COR	719,000.00	0.08	$763,937.50	9.00	01/15/2015	CCI
CSC HOLDINGS INC	460,000.00	0.05	$479,550.00	8.50	06/15/2015	CVC
CSC HOLDINGS INC/UNITED STATES	612,000.00	0.07	$641,070.00	8.50	04/15/2014	CVC
CSFB 2001-SPGA A2	2,154,000.00	0.25	$2,253,782.76	6.52	08/13/2018	CSFB
CVS PASS-THROUGH TRUST	4,769,999.98	0.64	$5,798,712.48	8.35	07/10/2031	CVS
CYTEC INDUSTRIES INC	7,150,000.00	0.96	$8,747,674.65	8.95	07/01/2017	CYT
DCENT 2007-A1 A1	1,960,000.00	0.25	$2,254,564.09	5.65	03/16/2020	DCENT
DELTA AIR LINES INC TERM LOAN	2,052,193.73	0.23	$2,066,733.52	8.75	09/16/2013	DAL
DEVELOPERS DIVERSIFIED REALTY	1,415,000.00	0.17	$1,536,923.48	9.62	03/15/2016	DDR
DEVELOPERS DIVERSIFIED REALTY	2,500,000.00	0.27	$2,456,650.00	7.50	04/01/2017	DDR
DIGICEL GROUP LTD	775,000.00	0.09	$803,093.75	10.50	04/15/2018	DLLTD
DIGITAL REALTY TRUST LP	1,680,000.00	0.19	$1,717,136.40	5.88	02/01/2020	DLR
DIRECTV HOLDINGS LLC/DIRECTV F	18,400,000.00	2.20	$20,010,717.60	7.62	05/15/2016	DTV
DISH DBS CORP	1,740,000.00	0.20	$1,818,300.00	7.88	09/01/2019	DISH
DOW CHEMICAL CO/THE	8,010,000.00	1.08	$9,821,052.99	8.55	05/15/2019	DOW
DUKE ENERGY CAROLINAS LLC	8,700,000.00	1.01	$9,206,496.60	4.30	06/15/2020	DUK
DUNKN 2006-1 A2	425,000.00	0.04	$414,190.13	5.78	06/20/2031	DUNKN
E*TRADE FINANCIAL CORP	1,665,000.00	0.20	$1,777,387.50	12.50	11/30/2017	ETFC
ENBRIDGE ENERGY	4,450,000.00	0.48	$4,387,575.40	8.05	10/01/2037	29250RAK2
ENERGY FUTURE HOLDINGS TERM B2	1,470,718.76	0.12	$1,092,560.20	3.73	10/10/2014	LN363469
ENERGY TRANSFER PARTNERS LP	6,791,000.00	0.90	$8,217,850.22	9.70	03/15/2019	ETP
ENTERPRISE PRODUCTS	6,000,000.00	0.61	$5,527,806.00	7.03	01/15/2068	293791AW9
ENTERPRISE PRODUCTS OPERATING	4,464,000.00	0.59	$5,389,940.74	9.75	01/31/2014	EPD
ENTERPRISE PRODUCTS OPERATING	5,880,000.00	0.67	$6,050,702.28	5.20	09/01/2020	EPD
EOG RESOURCES INC	2,000,000.00	0.22	$2,020,950.00	2.95	06/01/2015	EOG
ERAC USA FINANCE LLC	1,785,000.00	0.20	$1,807,316.07	5.25	10/01/2020	ENTERP
EUROPEAN BK RECON & DEV	690,000.00	0.04	$380,182.35	9.25	09/10/2012	EBRD
EXPORT-IMPORT BANK OF KOREA	885,000.00	0.10	$960,825.92	5.88	01/14/2015	EIBKOR
EXPORT-IMPORT BANK OF KOREA	2,340,000.00	0.27	$2,461,345.38	5.25	02/10/2014	EIBKOR
FEDERAL HOME LOAN BANK DISCOUN	197,035.28	0.02	$197,034.69	0.01	07/07/2010	FHLBDN
FEDERAL HOME LOAN BANK DISCOUN	790,711.90	0.09	$790,705.58	0.01	07/15/2010	FHLBDN
FEDERAL HOME LOAN BANK DISCOUN	1,561,709.54	0.17	$1,561,697.05	0.06	07/16/2010	FHLBDN
FEDERAL HOME LOAN BANK DISCOUN	1,752,809.64	0.19	$1,752,804.38	0.00	07/06/2010	FHLBDN
FHAMS 2006-FA2 B1	529,535.27	0.00	$3,828.54	5.98	05/25/2036	FHAMS
FHLB DISCOUNT NOTE 7/1/10	2,337,079.51	0.26	$2,337,079.51	0.00	07/01/2010	0701PFDIS
FNCL JUL TBA	1,980,000.00	0.23	$2,094,778.62	5.00	07/01/2040	FNCL
FORD MOTOR CO	2,300,000.00	0.23	$2,087,250.00	7.45	07/16/2031	F
FORD MOTOR COMPANY TERM B	1,531,114.27	0.16	$1,451,503.98	3.26	12/15/2013	LN303249
FORD MOTOR CREDIT CO LLC	500,000.00	0.06	$511,529.50	7.50	08/01/2012	F
FORD MOTOR CREDIT CO LLC	1,349,000.00	0.16	$1,419,842.74	9.88	08/10/2011	F
FREEPORT-MCMORAN C & G	306,000.00	0.04	$332,336.50	8.25	04/01/2015	FCX
FREEPORT-MCMORAN C & G	3,135,000.00	0.38	$3,452,979.92	8.38	04/01/2017	35671DAS4
FTI CONSULTING INC	328,000.00	0.04	$332,920.00	7.75	10/01/2016	FCN
GAYLORD ENTERTAINMENT CO	840,000.00	0.10	$879,900.00	3.75	10/01/2014	GET CB
GENERAL ELECTRIC CAPITAL CORP	15,184,000.00	1.81	$16,466,774.69	6.00	08/07/2019	GE
GENWORTH FINANCIAL	3,025,000.00	0.23	$2,087,250.00	6.15	11/15/2066	37247DAG1
GENZYME CORP	3,505,000.00	0.40	$3,617,188.04	5.00	06/15/2020	GENZ
GEORGIA-PACIFIC LLC	450,000.00	0.05	$482,062.50	8.25	05/01/2016	GP
GERDAU HOLDINGS INC	446,000.00	0.05	$457,150.00	7.00	01/20/2020	GGBRBZ
GOLDMAN SACHS GROUP INC/THE	5,472,000.00	0.60	$5,417,066.59	5.38	03/15/2020	GS
GOODYEAR TIRE & RUBBER CO/THE	27,000.00	0.00	$29,497.50	10.50	05/15/2016	GT
GRAHAM PACKAGING	2,246,000.00	0.25	$2,307,765.00	9.88	10/15/2014	38470RAD3
GRAHAM PACKAGING CO LP TERM LO	779,786.10	0.09	$784,418.03	6.75	04/05/2014	LN474009
GRAPHIC PACKAGING INTERNATIONA	558,000.00	0.06	$570,555.00	9.50	08/15/2013	GPK
GXS WORLDWIDE INC	1,700,000.00	0.18	$1,632,000.00	9.75	06/15/2015	GXSWLD
HARRAH'S OPERATING CO INC	1,335,000.00	0.12	$1,101,375.00	10.00	12/15/2018	HET
HARRAHS CHESTER DOWNS TERM LOA	962,500.00	0.11	$962,500.00	12.38	12/31/2016	HET
HBOS CAPITAL FUNDING LP	980,000.00	0.08	$686,000.00	6.07	06/29/2049	40411CAA0
HCA INC/DE	1,343,000.00	0.16	$1,426,937.50	9.25	11/15/2016	HCA
HCA INC/DE - PRE 2010 IPO	340,000.00	0.04	$364,650.00	9.62	11/15/2016	HCA
HERCULES OFFSHORE INC	825,000.00	0.08	$736,312.50	10.50	10/15/2017	HERO
HEXION US FINANCE CORP / HEXIO	1,685,000.00	0.17	$1,529,137.50	8.88	02/01/2018	HXN
HOLOGIC INC	805,000.00	0.08	$689,281.25	2.00	12/15/2037	HOLX CB
HOSPIRA INC	5,550,000.00	0.70	$6,312,198.15	6.40	05/15/2015	HSP
ILFC E-CAPITAL TRUST II	3,065,000.00	0.22	$1,980,756.25	6.25	12/21/2065	AIG
ILLINOIS POWER CO	7,156,000.00	1.04	$9,409,338.53	9.75	11/15/2018	AEE
INDONESIA TREASURY BOND	16,033,000,000.00	0.22	$2,014,827.82	10.75	05/15/2016	INDOGB
INDONESIA TREASURY BOND	29,154,000,000.00	0.42	$3,856,057.35	11.00	11/15/2020	INDOGB
INDONESIAN RUPIAH	3,014,481,908.00	0.04	$332,724.27	0.00	N/A	RUPIAH
INTELSAT BERMUDA LTD	2,100,000.00	0.24	$2,136,750.00	11.25	02/04/2017	INTEL
INTELSAT JACKSON HLDG	513,000.00	0.06	$548,910.00	11.25	06/15/2016	INTEL
INTERNATIONAL BANK FOR RECONST	2,473,000.00	0.23	$2,090,512.48	5.75	10/21/2019	IBRD
INTERNATIONAL GAME TECHNOLOGY	3,180,000.00	0.36	$3,286,822.56	5.50	06/15/2020	IGT
INTERNATIONAL LEASE FINANCE CO	8,220,000.00	0.86	$7,809,000.00	8.75	03/15/2017	AIG
INTERNATIONAL PAPER CO	11,510,000.00	1.64	$14,890,015.09	9.38	05/15/2019	IP
INTL FIN CORP	2,473,000.00	0.23	$2,116,543.60	5.75	03/16/2015	IFC
INVISTA	217,000.00	0.02	$220,797.50	9.25	05/01/2012	INVSTA
ITRAXX EUR SUB FINANCIALS 13.1	3,475,000.00	0.03	$280,926.39	1.00	06/20/2015	SPC703E3
ITRAXX EUR SUB FINANCIALS 13.1	4,500,000.00	0.04	$363,789.58	1.00	06/20/2015	SPB304DM
ITRAXX EUR SUB FINANCIALS 13.1	10,585,000.00	0.09	$855,713.93	1.00	06/20/2015	/ITRAX
J.C. PENNEY COMPANY, INC 5-YEA	775,000.00	0.00	$28,903.04	1.00	03/20/2015	/JCP
J.C. PENNEY COMPANY, INC 5-YEA	775,000.00	0.00	$28,903.04	1.00	03/20/2015	/JCP1
J.C. PENNEY COMPANY, INC 5-YR	1,160,000.00	0.00	$43,261.33	1.00	03/20/2015	/JCP
JEFFERIES GROUP	2,620,000.00	0.26	$2,352,057.84	6.25	01/15/2036	472319AC6
JEFFERIES GROUP INC	6,627,000.00	0.69	$6,258,962.93	6.45	06/08/2027	JEF
JERSEY CENTRAL POWER & LIGHT C	1,500,000.00	0.18	$1,623,724.50	5.62	05/01/2016	FE
JOHNSONDIVERSEY INC TERM LOAN	1,246,875.00	0.14	$1,248,433.59	5.50	11/24/2015	JONDIV
JP MORGAN CHASE	3,660,000.00	0.44	$4,009,002.96	5.88	06/13/2016	48121CJN7
JP MORGAN CHASE CAPITAL XXV	4,823,000.00	0.53	$4,781,560.78	6.80	10/01/2037	JPM
JPMORGAN CHASE & CO	1,800,000.00	0.16	$1,488,362.07	5.10	06/21/2012	JPM
JPMORGAN CHASE BANK NA	2,770,000.00	0.33	$3,020,881.67	6.00	10/01/2017	JPM
KEYBANK NA	4,700,000.00	0.54	$4,867,931.00	6.95	02/01/2028	49306CAB7
KINDER MORGAN ENER PART	3,905,000.00	0.54	$4,868,265.88	9.00	02/01/2019	KMP
KINDER MORGAN ENERGY PARTNERS	6,725,000.00	0.77	$6,968,909.03	5.30	09/15/2020	KMP
KINGDOM OF SPAIN 5-YR CDS 03/2	1,720,000.00	0.01	$117,143.64	1.00	03/20/2015	/SPGB
KOREA DEVELOPMENT BANK/REPUBLI	2,105,000.00	0.24	$2,148,784.00	4.38	08/10/2015	KDB
KOREA DEVELOPMENT BANK/REPUBLI	4,315,000.00	0.54	$4,915,617.80	8.00	01/23/2014	KDB
KOREA EXPRESSWAY CORP	2,360,000.00	0.27	$2,420,824.28	4.50	03/23/2015	HIGHWY
KREDITANSTALT FUER WIEDERAUFBA	2,390,000.00	0.15	$1,336,943.49	10.00	05/15/2012	KFW
L-3 COMMUNICATIONS CORP	4,700,000.00	0.52	$4,745,519.50	4.75	07/15/2020	LLL
LAZARD GROUP	5,389,000.00	0.60	$5,464,887.90	6.85	06/15/2017	LAZ
LAZARD GROUP LLC	751,000.00	0.09	$791,762.78	7.12	05/15/2015	LAZ
LEAP WIRELESS INTERNATIONAL IN	1,050,000.00	0.10	$884,625.00	4.50	07/15/2014	LEAP CB1
LIBERTY MUTUAL GROUP	2,775,000.00	0.24	$2,180,983.50	7.00	03/15/2037	53079EAQ7
LIFE TECHNOLOGIES CORP	2,990,000.00	0.34	$3,096,025.40	4.40	03/01/2015	LIFE
LIFE TECHNOLOGIES CORP	6,807,000.00	0.81	$7,384,989.18	6.00	03/01/2020	LIFE
LIFEPOINT HOSPITALS INC	1,035,000.00	0.11	$974,193.75	3.25	08/15/2025	LPNT CB2
LIFEPOINT HOSPITALS INC	1,205,000.00	0.12	$1,119,143.75	3.50	05/15/2014	LPNT CB1
LINEAR TECHNOLOGY CORP	2,085,000.00	0.22	$2,051,118.75	3.00	05/01/2027	LLTC CB2
LIVE NATION ENTERTAINMENT INC	942,000.00	0.09	$787,747.50	2.88	07/15/2027	LYV CB1
LONG TERM RECEIVABLES	-2,218,549.53	-0.23	-$2,218,549.53	0.00	N/A	SECNCAHUS
LUBRIZOL	4,006,000.00	0.45	$4,061,911.74	6.50	10/01/2034	549271AF1
MACYS RETAIL HLDGS INC	1,799,000.00	0.22	$1,992,392.50	8.88	07/15/2015	M
MARINER ENERGY INC	4,000,000.00	0.48	$4,390,000.00	8.00	05/15/2017	ME
MASCO CORP	251.00	0.00	$2,700.76	0.30	N/A	MAS
MASD 2005-2 A2	312,101.57	0.03	$297,873.17	5.01	07/25/2035	MASD
MDST 11 A1	154,144.18	0.02	$148,176.18	4.86	07/15/2038	MDST
MECCANICA HOLDINGS USA	5,610,000.00	0.66	$5,997,420.99	6.25	07/15/2019	FNCIM
MEDCO HEALTH SOLUTIONS INC	4,860,000.00	0.64	$5,814,936.54	7.12	03/15/2018	MHS
MEDTRONIC INC	1,511,000.00	0.17	$1,522,332.50	1.62	04/15/2013	MDT CB1
METLIFE CAPITAL TRUST X	5,980,000.00	0.71	$6,488,300.00	9.25	04/08/2038	MET
METLIFE INC	180,000.00	0.02	$159,300.00	6.40	12/15/2036	59156RAP3
METLIFE INC 5-YR CDS 12/20/201	2,645,000.00	-0.02	-$233,998.27	1.00	12/20/2014	/MET
METLIFE INC 5YR CDS 09/20/14	2,335,000.00	0.02	$159,681.06	5.00	09/20/2014	/MET
MGM MIRAGE	435,000.00	0.06	$503,512.50	13.00	11/15/2013	MGM
MGM RESORTS INTERNATIONAL	216,000.00	0.02	$235,980.00	10.38	05/15/2014	MGM
MGM RESORTS INTERNATIONAL	279,000.00	0.03	$308,992.50	11.12	11/15/2017	MGM
MIDCONTINENT EXPRESS PIPELINE	2,565,000.00	0.29	$2,671,378.25	5.45	09/15/2014	MCEXPP
MIDCONTINENT EXPRESS PIPELINE	3,000,000.00	0.34	$3,108,861.00	6.70	09/15/2019	MCEXPP
MLMI 1998-C3 G	1,200,000.00	0.02	$209,463.00	6.00	12/15/2030	MLMI
MLMT 2002-MW1 J	295,000.00	0.02	$136,488.71	5.70	07/12/2034	MLMT
MSC 1999-FNV1 G	48,582.45	0.00	$48,658.85	6.12	03/15/2031	MSC
MYLAN INC/PA	3,895,000.00	0.44	$3,992,375.00	7.62	07/15/2017	MYL
NATIONAL CITY BANK/CLEVELAND O	2,030,000.00	0.20	$1,819,704.18	0.91	06/07/2017	PNC
NATIONAL SEMICONDUCTOR CORP	2,065,000.00	0.23	$2,094,979.67	3.95	04/15/2015	NSM
NATIONAL SEMICONDUCTOR CORP	2,580,000.00	0.32	$2,894,502.00	6.60	06/15/2017	637640AE3
NBC UNIVERSAL INC	350,000.00	0.04	$358,303.75	3.65	04/30/2015	NBCUNI
NBC UNIVERSAL INC	16,205,000.00	1.86	$16,934,192.59	5.15	04/30/2020	NBCUNI
NEW WORLD RESOURCES BV	331,000.00	0.04	$392,652.54	7.88	05/01/2018	NWORLD
NEWPAGE CORP	825,000.00	0.08	$752,812.50	11.38	12/31/2014	NEWPAG
NEXEN INC	4,150,000.00	0.54	$4,879,321.00	7.50	07/30/2039	NXY
NIELSEN FINANCE LLC / NIELSEN	750,000.00	0.09	$823,125.00	11.50	05/01/2016	VNU
NOBLE ENERGY INC	7,961,000.00	1.06	$9,650,324.20	8.25	03/01/2019	NBL
NORCRAFT HOLDINGS LP/NORCRAFT	1,400,000.00	0.15	$1,331,750.00	9.75	09/01/2012	NORCFT
NRG ENERGY	880,000.00	0.10	$873,400.00	7.38	01/15/2017	629377AX0
NUVEEN INVESTMENTS INC	1,375,000.00	0.13	$1,203,125.00	10.50	11/15/2015	NUVINV
NUVEEN INVESTMENTS INC SECOND	735,000.00	0.08	$773,220.00	12.50	07/09/2015	NUVINV
OSI RESTAURANT PARTNERS INC	1,850,000.00	0.20	$1,817,625.00	10.00	06/15/2015	OSI
PAETEC HOLDING CORP	746,000.00	0.08	$749,730.00	8.88	06/30/2017	PAET
PENNSYLVANIA ELECTRIC CO	6,681,000.00	0.77	$6,977,329.07	5.20	04/01/2020	FE
PETROBRAS INTERNATIONAL FINANC	7,520,000.00	0.84	$7,610,600.96	5.75	01/20/2020	PETBRA
PETROHAWK ENERGY CORP	773,000.00	0.09	$834,840.00	10.50	08/01/2014	HAWK
PHILLIPS-VAN HEUSEN TERN LOAN	855,000.00	0.09	$856,308.15	4.75	03/15/2016	PVH
PLAINS ALL AMERICAN PIPELINE L	3,470,000.00	0.46	$4,148,575.85	8.75	05/01/2019	PAA
PLY GEM INDUSTRIES INC	1,100,000.00	0.13	$1,155,000.00	11.75	06/15/2013	PLYGEM
PNC BANK NA	3,651,000.00	0.45	$4,131,157.61	6.88	04/01/2018	PNC
PNC FINANCIAL SERVICES	3,112,000.00	0.36	$3,225,662.69	0.08	05/29/2049	PNC PFD
PNC FUNDING	115,000.00	0.01	$122,568.84	5.25	11/15/2015	693476AT0
PNC FUNDING CORP	25,000.00	0.00	$26,633.40	5.62	02/01/2017	PNC
PNC FUNDING CORP	3,675,000.00	0.42	$3,828,559.88	5.12	02/08/2020	PNC
POLISH ZLOTY	3,801,214.65	0.12	$1,120,575.04	0.00	N/A	POLZLOTY
PORTUGUESE REPUBLIC 5-YR CDS 0	824,000.00	0.01	$66,188.68	1.00	06/22/2015	/POT3
PORTUGUESE REPUBLIC 5-YR CDS 0	1,206,000.00	0.01	$93,784.23	1.00	03/20/2015	/PORT
PORTUGUESE REPUBLIC 5-YR CDS 0	1,218,000.00	0.01	$97,837.15	1.00	06/22/2015	/PORT4
POWER RECEIVABLE FINANCE LLC	65,541.41	0.01	$66,858.80	6.29	01/01/2012	POWER
PRIDE INTERNATIONAL INC	10,720,000.00	1.23	$11,175,600.00	8.50	06/15/2019	PDE
PROLOGIS	876,000.00	0.09	$828,915.00	2.25	04/01/2037	PLD CB
PROLOGIS	2,015,000.00	0.21	$1,921,578.56	6.25	03/15/2017	PLD
PROLOGIS	5,070,000.00	0.55	$4,973,644.65	7.38	10/30/2019	PLD
PRUDENTIAL FINANCIAL INC	3,320,000.00	0.37	$3,347,061.32	3.88	01/14/2015	PRU
PUBLIC SERVICE CO OF OKLAHOMA	5,865,000.00	0.68	$6,187,545.68	5.15	12/01/2019	AEP
PUGET SOUND ENERGY INC	850,000.00	0.09	$781,199.30	6.97	06/01/2067	PSD
QUEBEC PROVINCE	1,395,000.00	0.15	$1,365,645.37	4.50	12/01/2019	74814ZEE9
QUIKSILVER INC	2,000,000.00	0.20	$1,827,500.00	6.88	04/15/2015	ZQK
QWEST COMMUNICATIONS INTERNATI	2,000,000.00	0.22	$2,005,000.00	7.12	04/01/2018	QUS
QWEST CORP	549,000.00	0.07	$602,527.50	8.38	05/01/2016	QUS
QWEST CORP	6,893,000.00	0.83	$7,565,067.50	8.38	05/01/2016	QUS
RABOBANK NEDERLAND NV	7,420,000.00	1.01	$9,189,477.08	11.00	12/29/2049	RABOBK
REGENCY CENTERS LP	2,325,000.00	0.27	$2,454,428.10	5.88	06/15/2017	REG
REGIONS FINANCIAL CORP	580,000.00	0.06	$576,943.98	5.75	06/15/2015	RF
REGIONS FINANCIAL CORP	4,110,000.00	0.48	$4,339,777.77	7.75	11/10/2014	RF
RELIANCE STEEL & ALUMINUM CO	3,697,000.00	0.40	$3,593,498.79	6.85	11/15/2036	RS
REYNOLDS & REYNOLDS CO TERM LO	814,972.50	0.09	$805,808.14	5.25	04/03/2017	REY
RIO TINTO FINANCE PLC	2,280,000.00	0.33	$2,996,825.16	9.00	05/01/2019	RIOLN
ROCKIES EXPRESS PIPELINE LLC	4,010,000.00	0.42	$3,821,012.71	5.62	04/15/2020	ROCKIE
ROGERS COMMUNICATIONS INC	3,635,000.00	0.46	$4,215,138.73	6.75	03/15/2015	RCICN
RR DONNELLEY 5YR CDS 06/20/214	2,800,000.00	-0.03	-$284,850.05	5.00	06/20/2014	SPK604UP
RSC EQUIPMENT RENTAL INC/RSC H	2,060,000.00	0.23	$2,090,900.00	10.25	11/15/2019	RRR
RYLAND GROUP INC	378,000.00	0.04	$402,570.00	8.40	05/15/2017	RYL
SALLY HOLDINGS LLC	621,000.00	0.07	$667,575.00	10.50	11/15/2016	SBH
SECURITIZED NET CASH - ACR1	12,021,006.11	1.32	$12,021,006.11	0.00	N/A	SECCASHAC
SECURITY LENDING COLLATERAL	242,932.04	0.00	$10,324.61	0.00	N/A	SECLENDPL
SELECT MEDICAL CORP	850,000.00	0.09	$803,250.00	7.62	02/01/2015	SELMED
SEMCO ENERGY INC	2,085,000.00	0.25	$2,237,697.06	5.15	04/21/2020	SEN
SHAW COMMUNICATION	1,254,000.00	0.13	$1,204,193.41	6.75	11/09/2039	SJRCN
SHELL INTERNATIONAL FINANCE BV	3,275,000.00	0.37	$3,329,499.28	3.10	06/28/2015	RDSALN
SILICON VALLEY BANK	1,870,000.00	0.21	$1,896,011.70	6.05	06/01/2017	SIVB
SILICON VALLEY BANK	2,320,000.00	0.27	$2,419,908.48	5.70	06/01/2012	SIVB
SMURFIT-STONE CONTAINER ENT	1,240,000.00	0.14	$1,238,704.20	6.75	01/02/2016	SSCC
SPRINT CAPITAL CORP	1,050,000.00	0.10	$876,750.00	6.88	11/15/2028	S
STEEL DYNAMICS INC	832,000.00	0.09	$840,320.00	7.75	04/15/2016	STLD
SUNOCO, INC 5-YR CDS 03/20/201	570,000.00	0.01	$55,562.24	1.00	03/20/2015	/SUN
SUNOCO, INC 5-YR CDS 03/20/201	1,580,000.00	0.02	$154,014.64	1.00	03/20/2015	/sun
SUPERVALU INC	1,380,000.00	0.15	$1,386,900.00	7.50	11/15/2014	868536AS2
SVB FINANCIAL GROUP	1,320,000.00	0.15	$1,343,100.00	3.88	04/15/2011	SIVB CB
TECK RESOURCES LTD	94,000.00	0.01	$111,045.40	10.25	05/15/2016	TCKCN
TECK RESOURCES LTD	958,000.00	0.13	$1,175,604.91	10.75	05/15/2019	TCKCN
TECK RESOURCES LTD	10,245,000.00	1.33	$12,117,652.82	9.75	05/15/2014	TCKCN
TELECOM ITALIA CAPITAL	11,314,000.00	1.26	$11,431,609.03	5.25	10/01/2015	87927VAQ1
TELECOM ITALIA CAPITAL SA	1,545,000.00	0.18	$1,616,609.21	6.18	06/18/2014	TITIM
TELEFONICA EMISIONES SAU	2,540,000.00	0.28	$2,550,688.32	5.13	04/27/2020	TELEFO
TELEFONICA EMISIONES SAU	2,715,000.00	0.30	$2,710,034.27	3.73	04/27/2015	TELEFO
TELESAT CANADA / TELESAT LLC	665,000.00	0.08	$721,525.00	11.00	11/01/2015	TELSAT
TEVA PHARMACEUTICAL FINANCE II	4,525,000.00	0.51	$4,618,939.00	3.00	06/15/2015	TEVA
THERMO FISHER SCIENTIFIC INC	2,900,000.00	0.34	$3,129,868.50	4.70	05/01/2020	TMO
TIME WARNER CABLE INC	6,021,000.00	0.82	$7,416,667.80	8.25	04/01/2019	TWC
TOTAL CAPITAL SA	3,130,000.00	0.35	$3,201,345.22	4.45	06/24/2020	TOTAL
TRANS-CANADA PIPELINES	7,652,000.00	0.75	$6,828,996.79	6.35	05/15/2067	TRP
TRANSCANADA PIPELINES LTD	2,880,000.00	0.33	$2,990,753.28	3.40	06/01/2015	TRP
TRANSOCEAN INC	1,665,000.00	0.16	$1,486,012.50	1.50	12/15/2037	RIG CB1
TRANSOCEAN INC	2,570,000.00	0.24	$2,139,525.00	1.50	12/15/2037	893830AW9
TREASURY BILL	1,026,866.00	0.11	$1,026,866.00	0.01	07/01/2010	B
TREASURY BILL	1,280,288.66	0.14	$1,280,243.85	0.05	07/15/2010	B
TWIN REEFS PASS-THROUGH TRUST	3,100,000.00	0.00	$0.00	0.45	12/31/2049	XLFATR
UAL CORP	40.00	0.00	$822.40	0.00	N/A	UAUA
UNIVISION COMMUNICATIONS TERM	953,943.61	0.09	$797,868.90	2.53	09/29/2014	LN321128
US ONCOLOGY HOLDINGS INC	825,000.00	0.08	$771,375.00	6.64	03/15/2012	USON
US TREASURY N/B	1,705,000.00	0.19	$1,711,794.43	1.88	06/30/2015	T
US TREASURY N/B	4,580,000.00	0.57	$5,148,923.02	4.62	02/15/2040	T
US TREASURY N/B	37,305,000.00	4.30	$39,047,777.69	3.50	05/15/2020	WIT
USB CAPITAL IX	4,867,000.00	0.39	$3,559,237.10	6.19	04/15/2049	USB
USB REALTY CORP	3,100,000.00	0.24	$2,170,000.00	6.09	12/22/2049	USB
USG CORP	285,000.00	0.03	$297,825.00	9.75	08/01/2014	USG
VALE OVERSEAS LTD	2,390,000.00	0.28	$2,508,778.22	6.88	11/10/2039	VALEBZ
VALERO ENERGY CORPORATION 5-YR	570,000.00	-0.00	-$31,898.28	1.00	03/20/2015	/VLO
VALERO ENERGY CORPORATION 5-YR	1,580,000.00	-0.01	-$88,419.80	1.00	03/20/2015	/SUN
VIDEOTRON LTEE	1,173,000.00	0.12	$1,112,945.04	7.12	01/15/2020	QBRCN
VIDEOTRON LTEE	1,201,000.00	0.13	$1,213,010.00	6.88	01/15/2014	QBRCN
VIVENDI	4,095,000.00	0.48	$4,395,724.52	5.75	04/04/2013	VIVFP
VIVENDI	5,847,000.00	0.72	$6,526,661.13	6.62	04/04/2018	VIVFP
VOTO-VOTORANTIM OVERSEAS TRADI	474,000.00	0.05	$483,480.00	6.62	09/25/2019	VOTORA
WACHOVIA CORP	7,875,000.00	0.94	$8,510,481.00	5.62	10/15/2016	929903CH3
WEATHERFORD INTERNATIONAL LTD	6,590,000.00	0.88	$7,947,770.65	9.62	03/01/2019	WFT
WELLS FARGO CAPITAL XIII	7,306,000.00	0.82	$7,415,590.00	7.70	12/29/2049	WFC
WILLIAMS PARTNERS LP	3,340,000.00	0.38	$3,421,833.34	5.25	03/15/2020	WPZ
WIND ACQUISITION FINANCE SA	2,340,000.00	0.26	$2,410,200.00	11.75	07/15/2017	WINDIM
WISCONSIN ENERGY CORP	7,934,000.00	0.79	$7,189,957.41	6.25	05/15/2067	WEC
WOODSIDE FINANCE LTD	1,315,000.00	0.16	$1,498,981.65	8.12	03/01/2014	WPLAU
WOODSIDE FINANCE LTD	5,400,000.00	0.61	$5,512,924.80	4.50	11/10/2014	WPLAU
WYNDHAM WORLDWIDE CORP	5,175,000.00	0.58	$5,317,902.45	7.38	03/01/2020	WYN
XCEL ENERGY INC	2,500,000.00	0.29	$2,606,500.00	4.70	05/15/2020	XEL
XM SATELLITE RADIO HOLDINGS IN	1,935,000.00	0.23	$2,123,662.50	13.00	08/01/2013	XMSR
ZIONS BANCORPORATION	1,933,000.00	0.19	$1,746,496.43	5.50	11/16/2015	ZION
ZIONS BANCORPORATION	1,940,000.00	0.22	$1,978,574.96	7.75	09/23/2014	ZION

0.12 of the fund was hedged out of AUD/USD HSB 08/03/10

0.00 of the fund was hedged out of AUD/USD MRS 08/03/10

0.06 of the fund was hedged out of BRL/USD BAR 08/02/10

0.05 of the fund was hedged out of BRL/USD JPM 08/03/10

0.12 of the fund was hedged out of BRL/USD MRS 08/03/10

0.39 of the fund was hedged out of CAD/USD GOS 08/03/10

0.00 of the fund was hedged out of EUR/USD 07/01/10 SPOT

-0.00 of the fund was hedged out of EUR/USD F 08/03/10

-0.89 of the fund was hedged out of EUR/USD HSB 08/03/10

-0.09 of the fund was hedged out of EUR/USD MRS 08/03/10

0.00 of the fund was hedged out of GBP/USD 07/01/10 SPOT

-0.06 of the fund was hedged out of GBP/USD HSB 08/03/10

-0.19 of the fund was hedged out of GBP/USD MRS 08/03/10

-0.19 of the fund was hedged out of IDR/USD HSB 08/03/10

0.00 of the fund was hedged out of MYR/USD MRS 08/03/10

-0.20 of the fund was hedged out of NOK/USD F 08/03/10

0.06 of the fund was hedged out of NOK/USD GOS 08/03/10

0.33 of the fund was hedged out of NOK/USD HSB 08/03/10

-0.00 of the fund was hedged out of NZD/USD JPM 08/03/10

-0.12 of the fund was hedged out of PLN/USD HSB 07/01/10

-8.16 of the fund was hedged out of US 10YR NOTE FUT SEPT 2010

9.55 of the fund was hedged out of US LONG BOND (CBT) SEP10