UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number 811-21293

 

Nuveen Multi-Strategy Income and Growth Fund

(Exact name of registrant as specified in charter)

 

   333 West Wacker Drive, Chicago, Illinois 60606   

 

 

(Address of principal executive offices) (Zip code)

 

 

Kevin J. McCarthy—Vice President and Secretary
   333 West Wacker Drive, Chicago, Illinois 60606   

 

 

(Name and address of agent for service)

 

Registrant’s telephone number, including area code:

312-917-7700

 

Date of fiscal year end:

12/31

 

Date of reporting period:

9/30/2011

 

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

 



 

Item 1. Schedule of Investments

 



 

 

 

Portfolio of Investments (Unaudited)

 

 

 

 

 

Nuveen Multi-Strategy Income and Growth Fund  (JPC)

 

 

 

 

 

September 30, 2011

 

 

 

 

Shares

 

Description (1)

 

Value

 

 

 

Common Stocks – 34.2% (25.0% of Total Investments)

 

 

 

 

 

Aerospace & Defense – 1.1%

 

 

 

1,273

 

Alliant Techsystems Inc., (2)

 

$           69,391

 

29,962

 

Aveos Fleet Performance Inc., (2), (3)

 

539,316

 

8,279

 

BE Aerospace Inc., (2)

 

274,118

 

2,110

 

Esterline Technologies Corporation, (2)

 

109,382

 

180,000

 

Finmeccanica SPA, (3)

 

1,245,459

 

3,205

 

GeoEye, Inc., (2)

 

90,862

 

2,970

 

Hexcel Corporation

 

65,815

 

11,390

 

Honeywell International Inc.

 

500,135

 

2,500

 

L-3 Communications Holdings, Inc.

 

154,925

 

36,828

 

Lockheed Martin Corporation, (4)

 

2,675,186

 

97,550

 

Thales S.A., (3)

 

3,049,165

 

8,070

 

United Technologies Corporation

 

567,805

 

 

 

Total Aerospace & Defense

 

9,341,559

 

 

 

Air Freight & Logistics – 0.0%

 

 

 

1,380

 

Atlas Air Worldwide Holdings Inc.

 

45,940

 

2,640

 

FedEx Corporation

 

178,675

 

 

 

Total Air Freight & Logistics

 

224,615

 

 

 

Auto Components – 0.0%

 

 

 

2,430

 

Tenneco Inc.

 

62,232

 

5,320

 

TRW Automotive Holdings Corporation, (2)

 

174,124

 

3,860

 

Visteon Corporation

 

165,980

 

 

 

Total Auto Components

 

402,336

 

 

 

Automobiles – 0.4%

 

 

 

11,520

 

Ford Motor Company

 

111,398

 

63,589

 

Honda Motor Company Limited, (3)

 

1,862,831

 

46,524

 

Toyota Motor Corporation, (3)

 

1,594,804

 

 

 

Total Automobiles

 

3,569,033

 

 

 

Beverages – 0.7%

 

 

 

164,330

 

Coca-Cola Amatil Limited, (3)

 

1,882,538

 

21,881

 

Coca-Cola Femsa SAB de CV

 

1,941,501

 

830

 

Coca-Cola Bottling Company Consolidated

 

46,032

 

29,840

 

Coca-Cola Company, (4)

 

2,015,990

 

4,085

 

Dr. Pepper Snapple Group

 

158,416

 

 

 

Total Beverages

 

6,044,477

 

 

 

Biotechnology – 0.3%

 

 

 

8,580

 

Amgen Inc., (2)

 

471,471

 

4,490

 

Amylin Pharmaceuticals Inc.

 

41,443

 

2,270

 

Aveo Pharmaceuticals Inc.

 

34,935

 

5,770

 

Biogen Idec Inc., (2)

 

537,476

 

6,320

 

BioMarin Pharmaceutical Inc., (2)

 

201,418

 

2,410

 

Celgene Corporation, (2)

 

149,227

 

13,390

 

Gilead Sciences, Inc., (2)

 

519,532

 

4,220

 

Incyte Pharmaceuticals Inc., (2)

 

58,953

 

14,891

 

Nabi Biopharmaceuticals, (2)

 

25,017

 

11,530

 

Neurocrine Biosciences Inc.

 

68,949

 

10,410

 

PDL Biopahrma Inc.

 

57,776

 

2,680

 

Targacept, Inc.

 

40,200

 

 

 

Total Biotechnology

 

2,206,397

 

 

 

Building Products – 0.1%

 

 

 

36,123

 

Masonite Worldwide Holdings, (2), (3)

 

975,321

 

 

 

Capital Markets – 0.5%

 

 

 

5,550

 

Affiliated Managers Group Inc., (2)

 

433,178

 

3,340

 

Ameriprise Financial, Inc.

 

131,462

 

5,420

 

Apollo Investment Corporation

 

40,758

 

3,760

 

Artio Global Investors Inc.

 

29,930

 

4,040

 

Calamos Asset Management, Inc. Class A

 

40,440

 

2,100

 

Cohen & Steers Inc.

 

60,375

 

333,000

 

Egyptian Financial Group - Hermes Holdings, (3)

 

937,535

 

139,000

 

GP Investments

 

332,669

 

16,160

 

Invesco LTD

 

250,642

 

6,650

 

T. Rowe Price Group Inc.

 

317,671

 

45,240

 

UBS AG, (3)

 

517,481

 

88,000

 

Uranium Participation Corporation, (2)

 

476,152

 

6,530

 

Waddell & Reed Financial, Inc., Class A

 

163,315

 

3,760

 

Walter Investment Management Corporation

 

86,217

 

 

 

Total Capital Markets

 

3,817,825

 

 

 

Chemicals – 1.0%

 

 

 

3,850

 

Airgas, Inc.

 

245,707

 

9,070

 

Celanese Corporation, Series A

 

295,047

 

1,590

 

CF Industries Holdings, Inc.

 

196,190

 

3,090

 

E.I. Du Pont de Nemours and Company

 

123,507

 

1,520

 

FMC Corporation

 

105,123

 

8,120

 

Interpid Potash Inc., (2)

 

201,944

 

80,252

 

Kuraray Company Limited, (3)

 

1,094,484

 

4,880

 

LyondellBasell Industries NV

 

119,218

 

2,290

 

Minerals Technologies Inc.

 

112,828

 

5,060

 

Monsanto Company

 

303,802

 

15,800

 

Mosaic Company

 

773,726

 

27,125

 

Nitto Denko Corporation, (3)

 

1,067,548

 

1,580

 

OM Group Inc.

 

41,033

 

24,360

 

Potash Corporation of Saskatchewan

 

1,057,715

 

3,500

 

Scotts Miracle Gro Company

 

156,100

 

49,607

 

Umicore, (3)

 

1,798,383

 

4,900

 

Westlake Chemical Corporation

 

167,972

 

 

 

Total Chemicals

 

7,860,327

 

 

 

Commercial Banks – 1.9%

 

 

 

6,886

 

Associated Banc-Corp.

 

64,040

 

77,919

 

Banco Itau Holdings Financeira, S.A., Sponsred ADR

 

1,209,303

 

88,591

 

Banco Santander Central Hispano S.A., (3)

 

724,310

 

12,100

 

BNP Paribas SA, (3)

 

477,014

 

6,844

 

Commerce Bancshares Inc.

 

237,829

 

6,265

 

Community Bank System Inc.

 

142,153

 

199,562

 

DnB NOR ASA, (3)

 

1,988,869

 

7,220

 

First Financial Bancorp.

 

99,636

 

76,091

 

Hang Seng Bank, (3)

 

891,869

 

156,530

 

HSBC Holdings PLC, (3)

 

1,198,910

 

44,110

 

KeyCorp.

 

261,572

 

6,220

 

M&T Bank Corporation

 

434,778

 

91,571

 

Mitsubishi UFJ Financial Group, Inc., ADR

 

420,279

 

298,117

 

Mizuho Financial Group, (3)

 

436,558

 

14,800

 

Societe Generale, (3)

 

387,431

 

83,163

 

Standard Chartered PLC, (3)

 

1,659,183

 

437,000

 

Sumitomo Mitsui Financial Group, (3)

 

1,446,424

 

14,845

 

Sumitomo Mitsui Financial Group, (3)

 

418,266

 

26,000

 

Toronto-Dominion Bank

 

1,850,692

 

15,280

 

U.S. Bancorp

 

359,691

 

28,200

 

Wells Fargo & Company

 

680,184

 

15,470

 

Zions Bancorporation

 

217,663

 

 

 

Total Commercial Banks

 

15,606,654

 

 

 

Commercial Services & Supplies – 0.3%

 

 

 

26,795

 

Aggreko PLC, (3)

 

674,272

 

3,120

 

Clean Harbors, Inc., (2)

 

160,056

 

23,625

 

Republic Services, Inc.

 

662,918

 

3,967

 

Stericycle Inc., (2)

 

320,216

 

8,430

 

Waste Management, Inc.

 

274,481

 

 

 

Total Commercial Services & Supplies

 

2,091,943

 

 

 

Communications Equipment – 0.6%

 

 

 

7,381

 

Cisco Systems, Inc., (2)

 

114,332

 

1,830

 

Comtech Telecom Corporation, (2)

 

51,405

 

1,225

 

Interdigital Inc., (2)

 

57,061

 

20,230

 

Motorola Solutions Inc.

 

847,637

 

372,000

 

Nokia Oyj, (4)

 

2,105,520

 

2,430

 

Plantronics Inc.

 

69,134

 

26,670

 

QUALCOMM, Inc.

 

1,296,962

 

 

 

Total Communications Equipment

 

4,542,051

 

 

 

Computers & Peripherals – 0.5%

 

 

 

8,801

 

Apple, Inc., (2)

 

3,354,765

 

11,470

 

EMC Corporation, (2)

 

240,755

 

3,620

 

Network Appliance Inc., (2)

 

122,863

 

5,510

 

SanDisk Corporation, (2)

 

222,329

 

6,910

 

Seagate Technology, (2)

 

71,035

 

1,088

 

Western Digital Corporation, (2)

 

27,983

 

 

 

Total Computers & Peripherals

 

4,039,730

 

 

 

Construction & Engineering – 0.2%

 

 

 

6,250

 

Fluor Corporation

 

290,938

 

3,670

 

MasTec Inc.

 

64,629

 

27,130

 

Royal Boskalis Westminster NV, (3)

 

834,472

 

3,199

 

Shaw Group Inc., (2)

 

69,546

 

 

 

Total Construction & Engineering

 

1,259,585

 

 

 

Construction Materials – 0.2%

 

 

 

955,000

 

India Cements Limited, 144A, Reg S, GDR, (3)

 

1,399,032

 

1,750,000

 

Luks Group Vietnam Holdings Company Limited, (3)

 

397,733

 

 

 

Total Construction Materials

 

1,796,765

 

 

 

Consumer Finance – 0.1%

 

 

 

3,860

 

American Express Company

 

173,314

 

2,690

 

Capital One Financial Corporation

 

106,605

 

8,260

 

Discover Financial Services

 

189,484

 

 

 

Total Consumer Finance

 

469,403

 

 

 

Diversified Consumer Services – 0.0%

 

 

 

3,140

 

Sothebys Holdings Inc.

 

86,570

 

 

 

Diversified Financial Services – 0.1%

 

 

 

23,179

 

Citigroup Inc.

 

593,846

 

52,000

 

Guoco Group Ltd., ADR, (3)

 

476,286

 

 

 

Total Diversified Financial Services

 

1,070,132

 

 

 

Diversified Telecommunication Services – 0.9%

 

 

 

60,500

 

KT Corporation, Sponsored ADR

 

894,190

 

86,800

 

Nippon Telegraph and Telephone Corporation, ADR

 

2,078,860

 

56,440

 

PT Telekomunikasi Indonesia

 

1,866,471

 

26,650

 

Telecom Egypt SAE, (3)

 

65,388

 

1,455,000

 

Telecom Italia S.p.A., (3)

 

1,415,029

 

29,410

 

Verizon Communications Inc.

 

1,082,288

 

 

 

Total Diversified Telecommunication Services

 

7,402,226

 

 

 

Electric Utilities – 1.8%

 

 

 

146,484

 

Centrais Electricas Brasileiras S.A., PFD B ADR

 

1,712,398

 

17,950

 

Duke Energy Corporation

 

358,821

 

2,280

 

Edison International

 

87,210

 

19,064

 

Electricite de France S.A., ADR, (3)

 

109,427

 

111,700

 

Electricite de France S.A., (3)

 

3,234,937

 

94,175

 

Exelon Corporation, (4)

 

4,012,797

 

152,632

 

Korea Electric Power Corporation, Sponsored ADR

 

1,297,372

 

14,160

 

Northeast Utilities

 

476,484

 

4,940

 

Portland General Electric Company

 

117,029

 

11,920

 

Progress Energy, Inc.

 

616,502

 

24,292

 

RusHydro, ADR, (2), (3)

 

81,135

 

424,292

 

RusHydro, ADR, (2), (3)

 

1,446,672

 

24,030

 

Southern Company

 

1,018,151

 

4,500

 

UIL Holdings Corporation

 

148,185

 

 

 

Total Electric Utilities

 

14,717,120

 

 

 

Electrical Equipment – 0.5%

 

 

 

67,689

 

ABB Limited, (3)

 

1,157,879

 

20,041

 

Areva CI

 

637,015

 

3,900

 

Cooper Industries Inc.

 

179,868

 

13,664

 

Nidec Corporation, (3)

 

1,100,454

 

53,350

 

Sensata Techologies Holdings

 

1,411,641

 

 

 

Total Electrical Equipment

 

4,486,857

 

 

 

Electronic Equipment & Instruments – 0.3%

 

 

 

59,801

 

Hoya Corporation, (3)

 

1,386,459

 

125,982

 

Nippon Electric Glass Company Limited, (3)

 

1,144,797

 

 

 

Total Electronic Equipment & Instruments

 

2,531,256

 

 

 

Energy Equipment & Services – 0.3%

 

 

 

1,980

 

FMC Technologies Inc., (2)

 

74,448

 

5,300

 

Global Geophysical Services Inc.

 

42,241

 

3,385

 

Halliburton Company

 

103,310

 

3,690

 

Hornbeck Offshore Services Inc.

 

91,918

 

6,880

 

National-Oilwell Varco Inc.

 

352,394

 

6,580

 

Oil States International Inc., (2)

 

335,054

 

25,920

 

Parker Drilling Company, (2)

 

113,789

 

9,090

 

RPC Inc.

 

148,349

 

3,620

 

Schlumberger Limited

 

216,223

 

48,010

 

Subsea 7 SA, (3)

 

911,995

 

 

 

Total Energy Equipment & Services

 

2,389,721

 

 

 

Food & Staples Retailing – 1.4%

 

 

 

8,010

 

Costco Wholesale Corporation

 

657,781

 

15,180

 

CVS Caremark Corporation

 

509,744

 

130,811

 

Jeronimo Martins SGPS, (3)

 

2,042,796

 

83,645

 

Koninklijke Ahold N.V., (3)

 

983,680

 

114,724

 

Kroger Co., (4)

 

2,519,339

 

90,716

 

Wal-Mart Stores, Inc., (4)

 

4,708,160

 

 

 

Total Food & Staples Retailing

 

11,421,500

 

 

 

Food Products – 1.2%

 

 

 

2,696

 

Archer-Daniels-Midland Company

 

66,888

 

1,010

 

Diamond Foods Inc.

 

80,588

 

8,460

 

General Mills, Inc.

 

325,456

 

14,500

 

H.J. Heinz Company

 

731,960

 

1,730

 

Hain Celestial Group Inc.

 

52,852

 

18,775

 

Hershey Foods Corporation

 

1,112,231

 

14,140

 

Kraft Foods Inc.

 

474,821

 

1,890

 

McCormick & Company, Incorporated

 

87,242

 

18,350

 

Mead Johnson Nutrition Company, Class A Shares

 

1,263,031

 

31,966

 

Nestle S.A., (3)

 

1,759,814

 

2,680

 

Tootsie Roll Industries Inc.

 

64,642

 

70,600

 

Tyson Foods, Inc., Class A, (4)

 

1,225,616

 

76,130

 

Unilever PLC, ADR, (3)

 

2,384,706

 

 

 

Total Food Products

 

9,629,847

 

 

 

Gas Utilities – 0.1%

 

 

 

2,300

 

National Fuel Gas Company

 

111,964

 

16,940

 

Questar Corporation

 

300,007

 

 

 

Total Gas Utilities

 

411,971

 

 

 

Health Care Equipment & Supplies – 0.3%

 

 

 

5,560

 

Align Technology, Inc., (2)

 

84,345

 

11,960

 

Baxter International, Inc.

 

671,434

 

8,890

 

Becton, Dickinson and Company

 

651,815

 

3,280

 

C. R. Bard, Inc.

 

287,131

 

20,400

 

CareFusion Corporation, (2)

 

488,580

 

1,390

 

Cooper Companies, Inc.

 

110,019

 

5,760

 

Hologic Inc., (2)

 

87,610

 

4,930

 

Masimo Corporation

 

106,735

 

5,030

 

Saint Jude Medical Inc.

 

182,036

 

2,220

 

Steris Corporation

 

64,979

 

 

 

Total Health Care Equipment & Supplies

 

2,734,684

 

 

 

Health Care Providers & Services – 0.9%

 

 

 

81,109

 

Aetna Inc., (4)

 

2,948,312

 

1,490

 

Air Methods Corporation, (2)

 

94,868

 

2,200

 

Centene Corporation, (2)

 

63,074

 

3,930

 

Davita Inc.

 

246,293

 

26,233

 

Fresenius Medical Care, ADR, (3)

 

1,779,624

 

2,480

 

HealthSouth Corporation, (2)

 

37,026

 

950

 

HealthSpring, Inc.

 

34,637

 

4,920

 

Humana Inc., (2)

 

357,832

 

1,790

 

Laboratory Corporation of America Holdings

 

141,500

 

3,247

 

Lincare Holdings

 

73,058

 

13,440

 

McKesson HBOC Inc.

 

977,088

 

2,860

 

Molina Healthcare Inc.

 

44,158

 

3,530

 

Owens and Minor Inc.

 

100,534

 

68,000

 

Profarma Distribuidora de Produtos Farmaceuticos SA

 

361,654

 

 

 

Total Health Care Providers & Services

 

7,259,658

 

 

 

Hotels, Restaurants & Leisure – 0.3%

 

 

 

7,280

 

Ameristar Casinos, Inc.

 

116,844

 

25,130

 

International Game Technology

 

365,139

 

12,130

 

Las Vegas Sands

 

465,064

 

4,540

 

McDonald’s Corporation

 

398,703

 

24,800

 

Orascom Development Holding AG, (3)

 

469,981

 

2,340

 

Penn National Gaming, Inc.

 

77,899

 

2,130

 

Red Robin Gourmet Burgers, Inc., (2)

 

51,312

 

4,590

 

Royal Caribbean Cruises Limited

 

99,328

 

15,750

 

Scientific Games Corporation

 

112,140

 

10,330

 

Starbucks Corporation

 

385,206

 

4,280

 

Vail Resorts, Inc.

 

161,741

 

580

 

Wynn Resorts Ltd

 

66,746

 

 

 

Total Hotels, Restaurants & Leisure

 

2,770,103

 

 

 

Household Durables – 0.2%

 

 

 

57,999

 

Brookfield Residential Properties Inc.

 

385,693

 

6,877

 

Brookfield Residential Properties Inc.

 

45,742

 

278,917

 

Oriental Weavers Company, (3)

 

1,444,748

 

880

 

Tempur Pedic International Inc., (2)

 

46,297

 

 

 

Total Household Durables

 

1,922,480

 

 

 

Household Products – 0.2%

 

 

 

1,960

 

Colgate-Palmolive Company

 

173,813

 

9,570

 

Kimberly-Clark Corporation

 

679,566

 

9,580

 

Procter & Gamble Company

 

605,264

 

1,760

 

Spectrum Brands Inc.

 

41,571

 

 

 

Total Household Products

 

1,500,214

 

 

 

Independent Power Producers & Energy Traders – 0.0%

 

 

 

7,440

 

AES Corporation, (2)

 

72,614

 

 

 

Industrial Conglomerates – 0.5%

 

 

 

233,172

 

Fraser and Neave Limited, (3)

 

1,023,530

 

57,420

 

General Electric Company

 

875,081

 

14,980

 

Rheinmetall AG, (3)

 

702,650

 

7,950

 

Siemens AG, Sponsored ADR, (3)

 

715,264

 

6,450

 

Tyco International Ltd.

 

262,838

 

 

 

Total Industrial Conglomerates

 

3,579,363

 

 

 

Insurance – 1.2%

 

 

 

3,990

 

AFLAC Incorporated

 

139,451

 

6,120

 

Alterra Capital Holdings Limited

 

116,096

 

4,374

 

American International Group

 

96,009

 

16,530

 

Aon Corporation

 

693,929

 

2,493

 

Axis Capital Holdings Limited

 

64,668

 

3,390

 

Chubb Corporation

 

203,366

 

1,127

 

Endurance Specialty Holdings Limited

 

38,487

 

4,020

 

Everest Reinsurance Group Ltd.

 

319,108

 

42,354

 

Hannover Rueckversicherung AG, (3)

 

1,914,890

 

13,200

 

Hartford Financial Services Group, Inc.

 

213,048

 

19,040

 

Marsh & McLennan Companies, Inc.

 

505,322

 

8,500

 

Meadowbrook Insurance Group, Inc.

 

75,735

 

49,000

 

Mitsui Sumitomo Insurance Company Limited, (3)

 

1,066,126

 

4,511

 

MS&AD Insurance Group Holdings Inc., (3)

 

48,629

 

9,030

 

National Financial Partners Corp., (2)

 

98,788

 

1,530

 

Navigators Group, Inc.

 

66,096

 

7,945

 

Old Republic International Corporation

 

70,869

 

1,910

 

PartnerRe Limited

 

99,836

 

6,140

 

Primerica Inc.

 

132,378

 

105,446

 

Prudential Corporation PLC, (3)

 

905,574

 

42,790

 

SCOR SE, ADR, (3)

 

923,026

 

12,790

 

Torchmark Corporation

 

445,859

 

2,000

 

Tower Group Inc.

 

45,720

 

33,560

 

Willis Group Holdings PLC

 

1,153,457

 

5,810

 

WR Berkley Corporation

 

172,499

 

25,020

 

XL Capital Ltd, Class A

 

470,376

 

 

 

Total Insurance

 

10,079,342

 

 

 

Internet & Catalog Retail – 0.0%

 

 

 

1,170

 

Amazon.com, Inc., (2)

 

252,989

 

 

 

Internet Software & Services – 0.2%

 

 

 

1,148

 

Google Inc., Class A, (2)

 

590,508

 

3,850

 

IAC/InterActiveCorp., (2)

 

152,268

 

3,156

 

Rackspace Hosting Inc., (2)

 

107,746

 

25,145

 

Tencent Holdings Limited, (3)

 

520,289

 

18,400

 

Yahoo! Inc.

 

242,144

 

 

 

Total Internet Software & Services

 

1,612,955

 

 

 

IT Services – 0.6%

 

 

 

12,530

 

Accenture Limited

 

660,080

 

5,250

 

CSG Systems International Inc., (2)

 

66,360

 

13,935

 

International Business Machines Corporation (IBM)

 

2,439,043

 

1,165

 

MasterCard, Inc.

 

369,491

 

3,650

 

Maximus Inc.

 

127,385

 

5,210

 

Paychex, Inc.

 

137,388

 

3,850

 

Teradata Corporation, (2)

 

206,091

 

12,160

 

VeriFone Holdings Inc., (2)

 

425,843

 

2,850

 

Visa Inc.

 

244,302

 

3,015

 

Wright Express Corporation, (2)

 

114,691

 

 

 

Total IT Services

 

4,790,674

 

 

 

Leisure Equipment & Products – 0.1%

 

 

 

3,942

 

Polaris Industries Inc.

 

196,982

 

16,000

 

Sankyo Company Ltd, (3)

 

865,763

 

 

 

Total Leisure Equipment & Products

 

1,062,745

 

 

 

Life Sciences Tools & Services – 0.1%

 

 

 

2,730

 

Agilent Technologies, Inc., (2)

 

85,313

 

890

 

Bio-Rad Laboratories Inc., (2)

 

80,785

 

7,620

 

Life Technologies Corporation, (2)

 

292,837

 

7,020

 

Waters Corporation, (2)

 

529,940

 

 

 

Total Life Sciences Tools & Services

 

988,875

 

 

 

Machinery – 0.8%

 

 

 

4,204

 

AGCO Corporation, (2)

 

145,332

 

2,870

 

Astecx Industries Inc.

 

84,034

 

13,570

 

Caterpillar Inc.

 

1,002,009

 

13,660

 

Cummins Inc.

 

1,115,476

 

1,910

 

Dover Corporation

 

89,006

 

6,350

 

Eaton Corporation

 

225,425

 

839

 

Japan Steel Works Limited, (3)

 

50,941

 

1,600

 

Joy Global Inc.

 

99,808

 

35,991

 

Kone OYJ, (3)

 

1,711,843

 

48,560

 

Nabtesco Corporation, (3)

 

917,813

 

1,700

 

Nordson Corporation

 

67,558

 

2,987

 

Twin Disc, Inc.

 

79,663

 

11,080

 

Vallourec SA, (3)

 

634,516

 

1,920

 

Wabtec Corporation

 

101,510

 

 

 

Total Machinery

 

6,324,934

 

 

 

Marine – 0.1%

 

 

 

39,600

 

Stolt-Nielsen S.A., (3)

 

731,828

 

 

 

Media – 0.4%

 

 

 

23,985

 

Comcast Corporation, Class A

 

501,287

 

48,713

 

Cumulus Media, Inc.

 

138,345

 

6,796

 

DIRECTV Group, Inc., (2)

 

287,131

 

2,510

 

Liberty Media Starz, (2)

 

159,536

 

3,635

 

Madison Square Garden Inc., (2)

 

82,878

 

14,297

 

Metro-Goldwyn-Mayer, (3)

 

251,985

 

6,180

 

Scripps Networks Interactive, Class A Shares

 

229,711

 

1,104

 

Time Warner Cable, Class A

 

69,188

 

15,370

 

Viacom Inc., Class B

 

595,434

 

78,450

 

WPP Group PLC, (3)

 

726,644

 

 

 

Total Media

 

3,042,139

 

 

 

Metals & Mining – 3.8%

 

 

 

89,335

 

AngloGold Ashanti Limited, Sponsored ADR, (4)

 

3,694,896

 

122,250

 

Barrick Gold Corporation, (4)

 

5,702,963

 

44,513

 

BHP Billiton PLC, ADR, (3)

 

1,473,845

 

14,780

 

Freeport-McMoRan Copper & Gold, Inc.

 

450,051

 

285,649

 

Gold Fields Limited, Sponsored ADR, (4)

 

4,376,143

 

360,000

 

Gran Colombia Gold Corporation

 

202,691

 

81,160

 

Iluka Resources Limited, (3)

 

949,950

 

18,770

 

Kinross Gold Corporation

 

277,421

 

3,636

 

Newcrest Mining Limited, Sponsored ADR, (3)

 

119,479

 

95,300

 

Newcrest Mining Limited, (3)

 

3,141,197

 

91,906

 

Newmont Mining Corporation, (4)

 

5,780,887

 

11,201

 

NovaGold Resources Inc., (2)

 

72,246

 

595,957

 

Polyus Gold Limited,  GDR, (3)

 

1,847,467

 

31,660

 

Rio Tinto Limited, (3)

 

1,854,436

 

1,700

 

RTI International Metals, Inc., (2)

 

39,644

 

5,200

 

Steel Dynamics Inc.

 

51,584

 

43,080

 

Titanium Metals Corporation, (2)

 

645,338

 

2,179,909

 

Village Main Reef Limited

 

453,557

 

7,910

 

Walter Industries Inc.

 

474,679

 

 

 

Total Metals & Mining

 

31,608,474

 

 

 

Multiline Retail – 0.4%

 

 

 

3,185

 

Dillard’s, Inc., Class A

 

138,484

 

24,100

 

Macy’s, Inc.

 

634,312

 

46,951

 

Next PLC, (3)

 

1,840,704

 

6,520

 

Target Corporation

 

319,741

 

 

 

Total Multiline Retail

 

2,933,241

 

 

 

Multi-Utilities – 0.2%

 

 

 

3,590

 

Alliant Energy Corporation

 

138,861

 

7,480

 

Consolidated Edison, Inc.

 

426,510

 

14,350

 

Dominion Resources, Inc.

 

728,550

 

2,440

 

OGE Energy Corp.

 

116,608

 

2,950

 

Sempra Energy

 

151,925

 

 

 

Total Multi-Utilities

 

1,562,454

 

 

 

Office Electronics – 0.1%

 

 

 

23,343

 

Canon Inc., (3)

 

1,059,913

 

 

 

Oil, Gas & Consumable Fuels – 3.0%

 

 

 

2,480

 

Apache Corporation

 

198,995

 

23,203

 

Arch Coal Inc.

 

338,300

 

97,730

 

BG Group PLC, (3)

 

1,870,417

 

154,130

 

Cameco Corporation, (4)

 

2,823,662

 

65,058

 

Chesapeake Energy Corporation, (4)

 

1,662,232

 

5,340

 

Cimarex Energy Company

 

297,438

 

7,700

 

Cloud Peak Energy Inc.

 

130,515

 

16,020

 

ConocoPhillips

 

1,014,386

 

11,740

 

Continental Resources Inc., (2)

 

567,864

 

3,040

 

CVTR Energy Inc.

 

64,266

 

4,760

 

Devon Energy Corporation

 

263,894

 

24,850

 

El Paso Corporation

 

434,378

 

2,180

 

EOG Resources, Inc.

 

154,802

 

2,810

 

Exxon Mobil Corporation

 

204,090

 

116,000

 

Gazprom OAO, ADR, (3)

 

1,110,439

 

1,714

 

Hess Corporation

 

89,916

 

8,720

 

HollyFrontier Company

 

228,638

 

11,470

 

Marathon Oil Corporation

 

247,523

 

11,450

 

Marathon Petroleum Corporation

 

309,837

 

4,240

 

Murphy Oil Corporation

 

187,238

 

2,990

 

Newfield Exploration Company, (2)

 

118,673

 

157,600

 

Nexen Inc.

 

2,441,224

 

7,200

 

Niko Resources Limited

 

296,616

 

4,495

 

Occidental Petroleum Corporation

 

321,393

 

1,930

 

Peabody Energy Corporation

 

65,388

 

2,900

 

Petrobras Energia S.A., ADR

 

39,875

 

10,200

 

Petroquest Energy Inc., (2)

 

56,100

 

3,500,000

 

PT Medco Energi Internasional TBK, (3)

 

845,903

 

6,550

 

QEP Resources Inc.

 

177,309

 

6,010

 

Range Resources Corporation

 

351,345

 

34,290

 

Repsol YPF S.A., (3)

 

905,214

 

65,490

 

Royal Dutch Shell PLC, Class B, Sponsored ADR, (3)

 

2,037,704

 

2,830

 

SM Energy Company

 

171,640

 

44,170

 

StatoilHydro ASA, Sponsored ADR, (3)

 

947,794

 

6,080

 

Stone Energy Corporation, (2)

 

98,557

 

45,900

 

Suncor Energy, Inc., (4)

 

1,167,696

 

15,590

 

Sunoco, Inc.

 

483,446

 

8,500

 

Teekay Shipping Corporation

 

192,185

 

2,460

 

Tesoro Corporation

 

47,896

 

28,675

 

Total S.A., (3)

 

1,265,123

 

1,100

 

Whiting Petroleum Corporation, (2)

 

38,588

 

 

 

Total Oil, Gas & Consumable Fuels

 

24,268,499

 

 

 

Paper & Forest Products – 0.0%

 

 

 

2,320

 

Clearwater Paper Corporation

 

78,834

 

9,448

 

Stora Enso Oyj, (3)

 

55,932

 

 

 

Total Paper & Forest Products

 

134,766

 

 

 

Personal Products – 0.0%

 

 

 

10,680

 

Prestige Brands Holdings Inc.

 

96,654

 

 

 

Pharmaceuticals – 1.9%

 

 

 

9,010

 

Abbott Laboratories

 

460,771

 

24,800

 

AstraZeneca Group, Sponsored ADR, (4)

 

1,100,128

 

27,280

 

AstraZeneca Group, (3)

 

1,210,672

 

22,248

 

Bristol-Myers Squibb Company

 

698,142

 

80,928

 

Eli Lilly and Company, (4)

 

2,991,908

 

26,140

 

Johnson & Johnson, (4)

 

1,665,379

 

16,455

 

Merck & Company Inc.

 

538,243

 

21,236

 

Novartis AG, Sponsored ADR, (3)

 

1,186,278

 

12,720

 

Novo Nordisk A/S, (3)

 

1,268,618

 

29,670

 

Pfizer Inc., (4)

 

524,566

 

20,817

 

Sanofi-Aventis, S.A., (3)

 

1,369,275

 

24,490

 

Teva Pharmaceutical Industries Limited, Sponsored ADR

 

911,518

 

5,670

 

Warner Chilcott Limited, (2)

 

81,081

 

21,220

 

Watson Pharmaceuticals Inc., (2)

 

1,448,265

 

 

 

Total Pharmaceuticals

 

15,454,844

 

 

 

Professional Services – 0.0%

 

 

 

1,140

 

Acacia Research, (2)

 

41,029

 

1,820

 

Towers Watson & Company, Class A Shares

 

108,800

 

 

 

Total Professional Services

 

149,829

 

 

 

Real Estate – 0.5%

 

 

 

2,820

 

American Campus Communities Inc.

 

104,932

 

2,480

 

Annaly Capital Management Inc.

 

41,242

 

5,240

 

Camden Property Trust

 

289,562

 

3,740

 

Chesapeake Lodging Trust

 

45,142

 

11,030

 

Digital Realty Trust Inc.

 

608,415

 

10,950

 

Duke Realty Corporation

 

114,975

 

2,620

 

Equity Lifestyles Properties Inc.

 

164,274

 

1,400

 

Essex Property Trust Inc.

 

168,056

 

2,040

 

Home Properties New York, Inc.

 

115,790

 

2,192

 

PS Business Parks Inc.

 

108,592

 

5,340

 

Ramco-Gershenson Properties Trust

 

43,788

 

8,415

 

Rayonier Inc.

 

309,588

 

5,939

 

Simon Property Group, Inc.

 

653,171

 

4,170

 

Tanger Factory Outlet Centers

 

108,462

 

2,400

 

Taubman Centers Inc.

 

120,744

 

111,300

 

Westfield Group, (3)

 

825,368

 

111,300

 

Westfield Realty Trust, (3)

 

259,025

 

 

 

Total Real Estate

 

4,081,126

 

 

 

Real Estate Management & Development – 0.3%

 

 

 

67,160

 

Brookfield Properties Corporation

 

928,665

 

246,918

 

Hysan Development Company, (3)

 

738,656

 

32,549

 

Solidere, 144A, GDR, (3)

 

494,109

 

 

 

Total Real Estate Management & Development

 

2,161,430

 

 


 

 

 

Road & Rail – 0.6%

 

 

 

19,530

 

CSX Corporation

 

364,625

 

27,300

 

East Japan Railway Company, (3)

 

1,655,106

 

3,510

 

Genesee & Wyoming Inc.

 

163,285

 

7,150

 

Hertz Global Holdings Inc., (2)

 

63,635

 

1,940

 

J.B. Hunt Transports Serives Inc.

 

70,073

 

15,290

 

Kansas City Southern Industries, (2)

 

763,888

 

2,470

 

Norfolk Southern Corporation

 

150,719

 

9,540

 

Ryder System, Inc.

 

357,845

 

1,560

 

Union Pacific Corporation

 

127,405

 

30,500

 

West Japan Railway Company, (3)

 

1,307,413

 

 

 

Total Road & Rail

 

5,023,994

 

 

 

Semiconductors & Equipment – 0.3%

 

 

 

46,880

 

ASM Lithography Holding NV, (3)

 

1,621,036

 

23,040

 

Cypress Semiconductor Corporation, (2)

 

344,909

 

19,665

 

Intel Corporation

 

419,454

 

2,740

 

KLA-Tencor Corporation

 

104,887

 

11,260

 

Kulicke & Soffa Industries Inc.

 

84,000

 

11,890

 

Micron Technology, Inc., (2)

 

59,926

 

10,270

 

ON Semiconductor Corporation, (2)

 

73,636

 

14,240

 

Silicon Image, Inc., (2)

 

83,589

 

 

 

Total Semiconductors & Equipment

 

2,791,437

 

 

 

Software – 0.5%

 

 

 

3,120

 

Advent Software Inc., (2)

 

65,052

 

2,110

 

Ansys Inc., (2)

 

103,474

 

2,350

 

BMC Software, Inc., (2)

 

90,616

 

3,070

 

CommVault Systems, Inc., (2)

 

113,774

 

1,760

 

Intuit, Inc.

 

83,494

 

2,640

 

Manhattan Associates Inc., (2)

 

87,331

 

1,270

 

Micros Systems, Inc., (2)

 

55,766

 

118,180

 

Microsoft Corporation, (4)

 

2,941,500

 

21,380

 

Oracle Corporation

 

614,461

 

1,050

 

Salesforce.com, Inc., (2)

 

119,994

 

5,360

 

TeleNav Inc.

 

47,543

 

 

 

Total Software

 

4,323,005

 

 

 

Specialty Retail – 0.3%

 

 

 

2,710

 

Advance Auto Parts, Inc.

 

157,451

 

2,230

 

Body Central Corporation

 

40,497

 

5,020

 

Express Inc.

 

101,856

 

11,730

 

Gap, Inc.

 

190,495

 

7,120

 

Home Depot, Inc.

 

234,034

 

13,670

 

Limited Brands, Inc.

 

526,432

 

1,830

 

Ross Stores, Inc.

 

144,003

 

6,500

 

Tiffany & Co.

 

395,330

 

1,090

 

Vitamin Shoppe Inc.

 

40,810

 

9,260

 

Williams-Sonoma Inc.

 

285,115

 

 

 

Total Specialty Retail

 

2,116,023

 

 

 

Textiles, Apparel & Luxury Goods – 0.5%

 

 

 

70,570

 

Burberry Group PLC, (3)

 

1,281,501

 

9,710

 

LVMH Moet Hennessy, (3)

 

1,281,724

 

1,360

 

Oxford Industries Inc.

 

46,648

 

960

 

PVH Corporation

 

55,910

 

455,455

 

Yue Yuen Industrial Holdings Limited, (3)

 

1,183,752

 

 

 

Total Textiles, Apparel & Luxury Goods

 

3,849,535

 

 

 

Thrifts & Mortgage Finance – 0.0%

 

 

 

8,030

 

Ocwen Financial Corporation

 

106,076

 

 

 

Tobacco – 0.5%

 

 

 

17,420

 

Alliance One International, Inc., (2)

 

42,505

 

11,020

 

Altria Group, Inc.

 

295,446

 

33,910

 

British American Tobacco PLC, (3)

 

1,431,860

 

29,500

 

Eastern Tobacco, (3)

 

432,432

 

2,790

 

Lorillard Inc.

 

308,852

 

19,075

 

Philip Morris International

 

1,189,898

 

13,850

 

Reynolds American Inc.

 

519,097

 

 

 

Total Tobacco

 

4,220,090

 

 

 

Trading Companies & Distributors – 0.3%

 

 

 

4,517

 

CAI International Inc.

 

52,938

 

146,464

 

Mitsui & Company Limited, (3)

 

2,121,569

 

5,210

 

United Rentals Inc.

 

87,735

 

 

 

Total Trading Companies & Distributors

 

2,262,242

 

 

 

Water Utilities – 0.0%

 

 

 

2,230

 

American Water Works Company

 

67,302

 

 

 

Wireless Telecommunication Services – 0.6%

 

 

 

3,200

 

Crown Castle International Corporation

 

130,144

 

23,556

 

Millicom International Cellular S.A., (3)

 

2,347,394

 

129,778

 

Turkcell Iletisim Hizmetleri A.S., ADR, (4)

 

1,463,896

 

460,240

 

Vodafone Group PLC, (3)

 

1,186,167

 

 

 

Total Wireless Telecommunication Services

 

5,127,601

 

 

 

Total Common Stocks (cost $295,814,941)

 

280,519,353

 

 

 

 

 

 

 

Shares

 

Description (1)

 

Coupon

 

 

 

Ratings (5)

 

Value

 

 

 

Convertible Preferred Securities – 1.1% (0.8% of Total Investments)

 

 

 

 

 

 

 

Capital Markets – 0.0%

 

 

 

 

 

 

5,800

 

AMG Capital Trust II, Convertible Bond

 

5.150%

 

 

 

BB

 

$          216,775

 

 

 

Commercial Banks – 0.5%

 

 

 

 

 

 

3,500

 

Credit Suisse AG

 

7.875%

 

 

 

BBB+

 

3,377,500

 

1,961

 

KeyCorp Convertible Preferred Stock

 

7.750%

 

 

 

Ba1

 

199,042

 

 

 

Total Commercial Banks

 

 

 

 

 

 

 

3,576,542

 

 

 

Food Products – 0.1%

 

 

 

 

 

 

5,300

 

Bunge Limited, Convertible Bonds

 

4.875%

 

 

 

Ba1

 

480,975

 

 

 

Gas Utilities – 0.0%

 

 

 

 

 

 

 

 

3,915

 

El Paso Energy Capital Trust I, Convertible Preferred

 

4.750%

 

 

 

B

 

175,079

 

 

 

Health Care Providers & Services – 0.0%

 

 

 

 

 

 

8,350

 

Omnicare Capital Trust II, Series B

 

4.000%

 

 

 

B

 

317,300

 

 

 

Independent Power Producers & Energy Traders – 0.1%

 

 

 

 

10,000

 

AES Trust III, Convertible Preferred

 

6.750%

 

 

 

B

 

487,200

 

 

 

Insurance – 0.0%

 

 

 

 

 

 

 

 

 

5,150

 

Aspen Insurance Holdings Limited

 

5.625%

 

 

 

BBB-

 

257,500

 

 

 

Machinery – 0.1%

 

 

 

 

 

 

 

 

 

9,300

 

Stanley, Black, and Decker Inc.

 

4.750%

 

 

 

BBB+

 

960,132

 

 

 

Media – 0.0%

 

 

 

 

 

 

 

 

 

100

 

Interpublic Group Companies Inc., Convertible Notes

 

0.000%

 

 

 

B+

 

102,500

 

 

 

Oil, Gas & Consumable Fuels – 0.1%

 

 

 

 

 

1,000

 

Chesapeake Energy Corporation, Convertible

 

5.750%

 

 

 

B+

 

1,096,250

 

 

 

Real Estate – 0.2%

 

 

 

 

 

32,096

 

CommonWealth REIT, Convertible Debt

 

6.500%

 

 

 

Baa3

 

655,079

 

19,650

 

Health Care REIT, Inc., Convertible Bonds

 

6.500%

 

 

 

Baa3

 

909,795

 

 

 

Total Real Estate

 

 

 

 

 

 

 

1,564,874

 

 

 

Thrifts & Mortgage Finance – 0.0%

 

 

 

 

 

1,400

 

New York Community Capital Trust V

 

6.000%

 

 

 

Baa2

 

62,300

 

 

 

Total Convertible Preferred Securities (cost $9,976,881)

 

 

 

 

9,297,427

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

Description (1)

 

Coupon

 

 

 

Ratings (5)

 

Value

 

 

 

$25 Par (or similar) Preferred Securities – 35.3% (25.8% of Total Investments)

 

 

 

 

 

 

 

Capital Markets – 3.1%

 

 

 

 

 

88,000

 

Ameriprise Financial, Inc.

 

7.750%

 

 

 

A

 

$       2,390,960

 

95,044

 

Credit Suisse

 

7.900%

 

 

 

A3

 

2,411,266

 

887,130

 

Deutsche Bank Capital Funding Trust II

 

6.550%

 

 

 

BBB

 

18,319,235

 

7,800

 

Deutsche Bank Capital Funding Trust IX

 

6.625%

 

 

 

BBB

 

165,438

 

20,300

 

Goldman Sachs Group Inc., Series 2004-4 (CORTS)

 

6.000%

 

 

 

A3

 

423,255

 

8,000

 

Goldman Sachs Group Inc., Series GSC-3 (PPLUS)

 

6.000%

 

 

 

A3

 

167,200

 

1,500,000

 

Macquarie PMI LLC

 

8.375%

 

 

 

BBB

 

1,373,325

 

600

 

Morgan Stanley Capital Trust III

 

6.250%

 

 

 

Baa2

 

12,420

 

2,700

 

Morgan Stanley Capital Trust IV

 

6.250%

 

 

 

Baa2

 

55,728

 

 

 

Total Capital Markets

 

 

 

 

 

 

 

25,318,827

 

 

 

Commercial Banks – 3.9%

 

 

 

 

 

1,000

 

ABN AMRO North America Capital Funding, 144A

 

6.968%

 

 

 

BB+

 

557,188

 

307,718

 

Banco Santander Finance

 

10.500%

 

 

 

A-

 

8,154,527

 

14,600

 

Barclays Bank PLC

 

7.750%

 

 

 

A-

 

322,076

 

36,900

 

Barclays Bank PLC

 

7.100%

 

 

 

A+

 

780,066

 

59,300

 

BB&T Capital Trust VI

 

9.600%

 

 

 

Baa1

 

1,574,415

 

73,300

 

BB&T Capital Trust VII

 

8.100%

 

 

 

Baa1

 

1,898,470

 

3,450

 

Fifth Third Bancorp, Convertible Bond

 

8.500%

 

 

 

Ba1

 

441,290

 

2,000,000

 

HSBC Bank PLC

 

1.000%

 

 

 

A

 

1,040,000

 

16,300

 

HSBC Holdings PLC, (2)

 

8.000%

 

 

 

A-

 

414,509

 

22,700

 

HSBC Holdings PLC

 

6.200%

 

 

 

A-

 

516,879

 

14,500

 

HSBC USA Inc., Series F

 

2.858%

 

 

 

A-

 

636,260

 

2,600

 

KeyCorp Capital Trust IX

 

6.750%

 

 

 

Baa3

 

65,260

 

79,592

 

Merrill Lynch Preferred Capital Trust V

 

7.280%

 

 

 

BB+

 

1,606,962

 

500,000

 

National Australia Bank

 

8.000%

 

 

 

A+

 

504,325

 

10,000

 

PNC Financial Services Inc.

 

6.750%

 

 

 

BBB

 

9,577,300

 

3,600

 

Wells Fargo & Company, Convertible Bond

 

7.500%

 

 

 

A-

 

3,719,016

 

 

 

Total Commercial Banks

 

 

 

 

 

 

 

31,808,543

 

 

 

Diversified Financial Services – 3.0%

 

 

 

 

 

2,310

 

Bank of America Corporation

 

7.250%

 

 

 

BB+

 

1,769,437

 

33,000

 

Citigroup Capital Trust XI

 

6.000%

 

 

 

Baa3

 

711,480

 

5,400

 

Citigroup Capital Trust XII

 

8.500%

 

 

 

Baa3

 

135,540

 

125,768

 

Citigroup Capital XIII

 

7.875%

 

 

 

BB+

 

3,321,533

 

40,000

 

Citigroup Capital XVI

 

6.450%

 

 

 

Baa3

 

882,000

 

16,300

 

Citigroup Capital XVII

 

6.350%

 

 

 

Baa3

 

361,860

 

32,600

 

Countrywide Capital Trust IV

 

6.750%

 

 

 

BB+

 

625,594

 

644,975

 

ING Groep N.V.

 

7.050%

 

 

 

BBB-

 

12,093,281

 

114,469

 

JPMorgan Chase Capital Trust XI

 

5.875%

 

 

 

A2

 

2,849,133

 

38,700

 

JPMorgan Chase Capital Trust XXIX

 

6.700%

 

 

 

A2

 

969,822

 

2,200

 

MBNA Corporation, Capital Trust

 

8.125%

 

 

 

BB+

 

51,370

 

43,650

 

Merrill Lynch Capital Trust II

 

6.450%

 

 

 

BB+

 

811,454

 

 

 

Total Diversified Financial Services

 

 

 

 

 

 

 

24,582,504

 

 

 

Diversified Telecommunication Services – 0.6%

 

 

 

 

 

20,800

 

Qwest Corporation

 

7.500%

 

 

 

BBB-

 

517,504

 

164,547

 

Telephone and Data Systems Inc.

 

6.875%

 

 

 

Baa2

 

4,187,721

 

 

 

Total Diversified Telecommunication Services

 

 

 

 

 

 

 

4,705,225

 

 

 

Electric Utilities – 0.2%

 

 

 

 

 

58,151

 

Entergy Texas Inc.

 

7.875%

 

 

 

BBB+

 

1,699,754

 

 

 

Food Products – 0.3%

 

 

 

 

 

25,000

 

Dairy Farmers of America Inc., 144A

 

7.875%

 

 

 

BBB-

 

2,255,470

 

 

 

Insurance – 5.6%

 

 

 

 

 

 

 

 

 

624,430

 

Aegon N.V.

 

6.375%

 

 

 

Baa1

 

12,120,186

 

24,200

 

Allianz SE

 

8.375%

 

 

 

A+

 

627,688

 

1,313

 

Arch Capital Group Limited, Series B

 

7.875%

 

 

 

BBB

 

33,219

 

325,342

 

Arch Capital Group Limited

 

8.000%

 

 

 

BBB

 

8,214,886

 

2,750,000

 

Dai-Ichi Mutual Life, 144A

 

7.250%

 

 

 

A3

 

2,704,515

 

275,756

 

EverestRe Capital Trust II

 

6.200%

 

 

 

Baa1

 

6,838,749

 

546,037

 

PartnerRe Limited

 

6.750%

 

 

 

BBB+

 

13,421,589

 

62,960

 

PLC Capital Trust III

 

7.500%

 

 

 

BBB

 

1,577,148

 

5,800

 

PLC Capital Trust IV

 

7.250%

 

 

 

BBB

 

144,362

 

2,000

 

RenaissanceRe Holdings Limited, Series C

 

6.080%

 

 

 

BBB+

 

47,600

 

27,197