Item 1. Schedule of Investments | ||||||||
Item 2. Controls and Procedures | ||||||||
Item 3. Exhibits | ||||||||
EXHIBIT INDEX |
invesco.com/us | VK-CE-BOND-QTR-1 09/10 | Invesco Advisers, Inc. |
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Corporate Bonds 88.6% |
||||||||||||||||
Aerospace & Defense 0.3% |
||||||||||||||||
$ | 225 | Bombardier, Inc. (Canada) (a) |
7.500 | % | 03/15/18 | $ | 243,000 | |||||||||
455 | Bombardier, Inc. (Canada) (a) |
7.750 | 03/15/20 | 494,812 | ||||||||||||
737,812 | ||||||||||||||||
Agricultural Products 0.6% |
||||||||||||||||
600 | Cargill, Inc. (a) |
5.600 | 09/15/12 | 653,702 | ||||||||||||
460 | Corn Products International, Inc. |
3.200 | 11/01/15 | 468,254 | ||||||||||||
300 | Corn Products International, Inc. |
6.625 | 04/15/37 | 325,470 | ||||||||||||
1,447,426 | ||||||||||||||||
Airlines 0.4% |
||||||||||||||||
404 | America West Airlines LLC |
7.100 | 04/02/21 | 394,670 | ||||||||||||
560 | Delta Air Lines, Inc. |
6.200 | 07/02/18 | 592,900 | ||||||||||||
987,570 | ||||||||||||||||
Asset Management & Custody Banks 0.2% |
||||||||||||||||
435 | State Street Capital Trust III (b) |
8.250 | 01/29/49 | 443,156 | ||||||||||||
Automotive 1.2% |
||||||||||||||||
575 | AutoNation, Inc. |
6.750 | 04/15/18 | 592,250 | ||||||||||||
1,000 | Case New Holland, Inc. |
7.750 | 09/01/13 | 1,092,500 | ||||||||||||
700 | Ford Motor Credit Co., LLC |
6.625 | 08/15/17 | 749,000 | ||||||||||||
420 | Ford Motor Credit Co., LLC |
7.000 | 04/15/15 | 450,450 | ||||||||||||
2,884,200 | ||||||||||||||||
Automotive Retail 1.4% |
||||||||||||||||
2,350 | Advance Auto Parts, Inc. |
5.750 | 05/01/20 | 2,529,188 | ||||||||||||
675 | AutoZone, Inc. |
6.500 | 01/15/14 | 762,996 | ||||||||||||
3,292,184 | ||||||||||||||||
Banking 17.2% |
||||||||||||||||
1,550 | American Express Co. |
8.125 | 05/20/19 | 2,008,458 | ||||||||||||
500 | Bank of America Corp. |
3.700 | 09/01/15 | 506,593 | ||||||||||||
800 | Bank of America Corp. |
5.650 | 05/01/18 | 850,080 | ||||||||||||
695 | Bank of America Corp. |
7.625 | 06/01/19 | 830,651 |
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Banking (continued) |
||||||||||||||||
$ | 335 | Barclays Bank PLC (United
Kingdom) (a) |
6.050 | % | 12/04/17 | $ | 362,270 | |||||||||
1,280 | Barclays Bank PLC (United
Kingdom) |
6.750 | 05/22/19 | 1,529,729 | ||||||||||||
1,030 | Bear Stearns Cos., LLC |
5.550 | 01/22/17 | 1,125,253 | ||||||||||||
315 | Bear Stearns Cos., LLC |
6.400 | 10/02/17 | 367,825 | ||||||||||||
680 | Bear Stearns Cos., LLC |
7.250 | 02/01/18 | 831,010 | ||||||||||||
645 | Capital One Bank USA NA |
8.800 | 07/15/19 | 826,405 | ||||||||||||
600 | Capital One Capital VI |
8.875 | 05/15/40 | 630,750 | ||||||||||||
1,095 | Citigroup, Inc. |
5.875 | 05/29/37 | 1,107,285 | ||||||||||||
1,450 | Citigroup, Inc. |
6.125 | 05/15/18 | 1,588,643 | ||||||||||||
745 | Citigroup, Inc. |
8.125 | 07/15/39 | 945,027 | ||||||||||||
1,200 | Credit Agricole SA (France) (a)(b) |
8.375 | 10/29/49 | 1,292,808 | ||||||||||||
475 | Credit Suisse (Switzerland) |
5.400 | 01/14/20 | 508,242 | ||||||||||||
750 | Credit Suisse New York
(Switzerland) |
4.375 | 08/05/20 | 768,904 | ||||||||||||
2,785 | Credit Suisse New York
(Switzerland) |
5.300 | 08/13/19 | 3,097,034 | ||||||||||||
230 | Credit Suisse New York
(Switzerland) |
6.000 | 02/15/18 | 254,597 | ||||||||||||
590 | Discover Bank |
8.700 | 11/18/19 | 702,926 | ||||||||||||
1,320 | Goldman Sachs Group, Inc. |
6.750 | 10/01/37 | 1,387,667 | ||||||||||||
1,075 | Hana Bank (Republic of Korea
(South Korea)) (a) |
4.500 | 10/30/15 | 1,126,199 | ||||||||||||
1,080 | HBOS PLC (United Kingdom) (a) |
6.750 | 05/21/18 | 1,084,687 | ||||||||||||
2,165 | JPMorgan Chase Capital XXVII |
7.000 | 11/01/39 | 2,219,671 | ||||||||||||
690 | Lloyds TSB Bank PLC (United
Kingdom) (a) |
5.800 | 01/13/20 | 718,206 | ||||||||||||
1,095 | Macquarie Group Ltd.
(Australia) (a) |
6.000 | 01/14/20 | 1,172,201 | ||||||||||||
498 | Macquarie Group Ltd.
(Australia) (a) |
7.625 | 08/13/19 | 590,677 |
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Banking (continued) |
||||||||||||||||
$ | 765 | Merrill Lynch & Co., Inc. |
7.750 | % | 05/14/38 | $ | 889,815 | |||||||||
1,030 | Nationwide Building Society
(United Kingdom) (a) |
6.250 | 02/25/20 | 1,142,588 | ||||||||||||
210 | Rabobank Nederland NV
(Netherlands) (a)(b) |
11.000 | 06/29/49 | 272,397 | ||||||||||||
1,130 | Regions Financial Corp. |
5.750 | 06/15/15 | 1,152,982 | ||||||||||||
760 | Royal Bank of Scotland Group
PLC (United Kingdom) |
6.400 | 10/21/19 | 826,998 | ||||||||||||
1,160 | Royal Bank of Scotland PLC
(United Kingdom) |
4.875 | 03/16/15 | 1,222,601 | ||||||||||||
800 | Santander US Debt SA
Unipersonal (Spain) (a) |
3.724 | 01/20/15 | 811,212 | ||||||||||||
800 | Standard Chartered Bank
(United Kingdom) (a) |
6.400 | 09/26/17 | 909,548 | ||||||||||||
270 | Standard Chartered PLC (United
Kingdom) (a) |
3.850 | 04/27/15 | 281,663 | ||||||||||||
985 | UBS AG Stamford Branch
(Switzerland) |
5.875 | 12/20/17 | 1,118,737 | ||||||||||||
2,570 | Wells Fargo & Co. |
5.625 | 12/11/17 | 2,935,040 | ||||||||||||
39,997,379 | ||||||||||||||||
Broadcasting & Cable TV 1.3% |
||||||||||||||||
820 | COX Communications, Inc. |
6.750 | 03/15/11 | 842,716 | ||||||||||||
2,000 | Discovery Communications LLC |
3.700 | 06/01/15 | 2,134,263 | ||||||||||||
2,976,979 | ||||||||||||||||
Brokerage 0.4% |
||||||||||||||||
1,000 | Morgan Stanley |
4.000 | 07/24/15 | 1,026,143 | ||||||||||||
Building Materials 0.7% |
||||||||||||||||
720 | CRH America, Inc. |
6.000 | 09/30/16 | 802,960 | ||||||||||||
315 | CRH America, Inc. |
8.125 | 07/15/18 | 379,284 |
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Building Materials (continued) |
||||||||||||||||
$ | 455 | Holcim US Finance Sarl & Cie
SCS (Luxembourg) (a) |
6.000 | % | 12/30/19 | $ | 501,756 | |||||||||
1,684,000 | ||||||||||||||||
Chemicals 0.5% |
||||||||||||||||
605 | Agrium, Inc. (Canada) |
6.750 | 01/15/19 | 719,963 | ||||||||||||
465 | Potash Corp. of Saskatchewan,
Inc. (Canada) |
5.875 | 12/01/36 | 492,113 | ||||||||||||
1,212,076 | ||||||||||||||||
Coal & Consumable Fuels 0.2% |
||||||||||||||||
500 | Arch Coal, Inc. |
7.250 | 10/01/20 | 530,000 | ||||||||||||
Consumer Products 0.2% |
||||||||||||||||
375 | Fortune Brands, Inc. |
6.375 | 06/15/14 | 424,305 | ||||||||||||
Department Stores 1.0% |
||||||||||||||||
2,000 | Macys Retail Holdings, Inc. |
5.350 | 03/15/12 | 2,070,000 | ||||||||||||
150 | Sears Holdings Corp. (a)(c) |
6.625 | 10/15/18 | 150,000 | ||||||||||||
2,220,000 | ||||||||||||||||
Diversified Banks 2.0% |
||||||||||||||||
775 | Groupe BPCE (France) (a)(c) |
2.375 | 10/04/13 | 779,153 | ||||||||||||
1,275 | HSBC Bank PLC (United
Kingdom) (a) |
4.125 | 08/12/20 | 1,296,027 | ||||||||||||
250 | HSBC Bank USA NA |
4.875 | 08/24/20 | 260,424 | ||||||||||||
540 | Lloyds TSB Bank PLC (United
Kingdom) (a) |
6.500 | 09/14/20 | 551,204 | ||||||||||||
660 | National Agricultural Cooperative
Federation (Republic of Korea
(South Korea)) (a) |
4.250 | 01/28/16 | 684,958 | ||||||||||||
500 | Santander US Debt SA
Unipersonal (Spain) (a)(c) |
2.991 | 10/07/13 | 500,000 | ||||||||||||
625 | US Bancorp |
2.000 | 06/14/13 | 640,526 | ||||||||||||
4,712,292 | ||||||||||||||||
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Diversified Chemicals 0.2% |
||||||||||||||||
$ | 310 | Dow Chemical Co. |
8.550 | % | 05/15/19 | $ | 392,228 | |||||||||
Diversified Manufacturing 0.7% |
||||||||||||||||
1,330 | General Electric Co. |
5.250 | 12/06/17 | 1,498,819 | ||||||||||||
Diversified REITs 0.3% |
||||||||||||||||
545 | Qatari Diar Finance QSC
(Qatar) (a) |
5.000 | 07/21/20 | 572,049 | ||||||||||||
Electric 4.5% |
||||||||||||||||
1,055 | AES Corp. |
8.000 | 06/01/20 | 1,149,950 | ||||||||||||
650 | CMS Energy Corp. |
6.250 | 02/01/20 | 689,000 | ||||||||||||
150 | CMS Energy Corp. |
6.300 | 02/01/12 | 157,500 | ||||||||||||
480 | Consumers Energy Co. |
5.800 | 09/15/35 | 548,856 | ||||||||||||
315 | Dominion Resources, Inc., Ser B |
7.000 | 06/15/38 | 411,132 | ||||||||||||
945 | Enel Finance International SA
(Luxembourg) (a) |
5.125 | 10/07/19 | 1,003,797 | ||||||||||||
650 | Entergy Gulf States Louisiana
LLC |
5.590 | 10/01/24 | 746,834 | ||||||||||||
615 | FirstEnergy Solutions Corp. |
6.050 | 08/15/21 | 659,856 | ||||||||||||
785 | FirstEnergy Solutions Corp. |
6.800 | 08/15/39 | 795,984 | ||||||||||||
255 | Indianapolis Power & Light
Co. (a) |
6.300 | 07/01/13 | 285,025 | ||||||||||||
535 | Nisource Finance Corp. |
6.800 | 01/15/19 | 632,345 | ||||||||||||
240 | NRG Energy, Inc. |
8.500 | 06/15/19 | 253,800 | ||||||||||||
350 | Ohio Power Co. |
5.375 | 10/01/21 | 401,453 | ||||||||||||
340 | Progress Energy, Inc. |
7.050 | 03/15/19 | 423,937 | ||||||||||||
1,175 | Southern Power Co., Ser D |
4.875 | 07/15/15 | 1,315,776 | ||||||||||||
595 | Virginia Electric & Power Co. |
8.875 | 11/15/38 | 906,059 | ||||||||||||
10,381,304 | ||||||||||||||||
Electric Utilities 1.0% |
||||||||||||||||
1,500 | DCP Midstream LLC (a) |
9.700 | 12/01/13 | 1,822,165 |
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Electric Utilities (continued) |
||||||||||||||||
$ | 400 | Southern Co. |
2.375 | % | 09/15/15 | $ | 406,708 | |||||||||
2,228,873 | ||||||||||||||||
Entertainment 0.3% |
||||||||||||||||
675 | Time Warner, Inc. |
6.500 | 11/15/36 | 757,350 | ||||||||||||
Environmental & Facilities Services 0.3% |
||||||||||||||||
645 | Waste Management, Inc. |
5.000 | 03/15/14 | 709,881 | ||||||||||||
Food Retail 0.6% |
||||||||||||||||
350 | Kroger Co. |
5.400 | 07/15/40 | 362,904 | ||||||||||||
1,000 | Safeway, Inc. |
3.950 | 08/15/20 | 1,010,448 | ||||||||||||
1,373,352 | ||||||||||||||||
Food/Beverage 3.1% |
||||||||||||||||
2,000 | Anehuser-Busch InBev
Worldwide, Inc. |
2.500 | 03/26/13 | 2,051,512 | ||||||||||||
1,000 | Anheuser-Busch InBev
Worldwide, Inc. |
3.000 | 10/15/12 | 1,037,523 | ||||||||||||
120 | Anheuser-Busch InBev
Worldwide, Inc. (a) |
8.200 | 01/15/39 | 172,715 | ||||||||||||
730 | ConAgra Foods, Inc. |
7.000 | 10/01/28 | 877,551 | ||||||||||||
575 | ConAgra Foods, Inc. |
8.250 | 09/15/30 | 777,488 | ||||||||||||
135 | Constellation Brands, Inc. |
7.250 | 09/01/16 | 143,437 | ||||||||||||
505 | Grupo Bimbo SAB de CV
(Mexico) (a) |
4.875 | 06/30/20 | 533,162 | ||||||||||||
255 | Kraft Foods, Inc. |
6.875 | 02/01/38 | 312,261 | ||||||||||||
850 | Kraft Foods, Inc. |
6.875 | 01/26/39 | 1,036,653 | ||||||||||||
205 | Sara Lee Corp. |
2.750 | 09/15/15 | 207,880 | ||||||||||||
7,150,182 | ||||||||||||||||
Gas Utilities 0.4% |
||||||||||||||||
655 | EQT Corp. |
8.125 | 06/01/19 | 811,489 | ||||||||||||
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Gold 0.4% |
||||||||||||||||
$ | 1,000 | Gold Fields Orogen Holding Ltd.
(British Virgin Islands) (a)(c) |
4.875 | % | 10/07/20 | $ | 992,970 | |||||||||
Health Care 1.5% |
||||||||||||||||
1,400 | Boston Scientific Corp. |
6.000 | 01/15/20 | 1,495,530 | ||||||||||||
240 | HCA, Inc. |
8.500 | 04/15/19 | 267,600 | ||||||||||||
610 | Life Technologies Corp. |
6.000 | 03/01/20 | 693,456 | ||||||||||||
1,000 | Novant Health, Inc. |
5.850 | 11/01/19 | 1,117,786 | ||||||||||||
3,574,372 | ||||||||||||||||
Health Care Equipment 0.4% |
||||||||||||||||
800 | CareFusion Corp. |
4.125 | 08/01/12 | 837,000 | ||||||||||||
Health Care Services 0.7% |
||||||||||||||||
1,585 | Express Scripts, Inc. |
5.250 | 06/15/12 | 1,691,261 | ||||||||||||
Hotels, Resorts & Cruise Lines 0.1% |
||||||||||||||||
155 | Hyatt Hotels Corp. (a) |
6.875 | 08/15/19 | 172,360 | ||||||||||||
Independent Energy 1.3% |
||||||||||||||||
700 | Anadarko Petroleum Corp. |
8.700 | 03/15/19 | 838,687 | ||||||||||||
945 | EnCana Corp. (Canada) |
6.500 | 02/01/38 | 1,102,029 | ||||||||||||
265 | Gaz Capital SA (Luxembourg) (a) |
6.510 | 03/07/22 | 280,569 | ||||||||||||
290 | Newfield Exploration Co. |
7.125 | 05/15/18 | 310,300 | ||||||||||||
145 | Pioneer Natural Resources Co. |
6.650 | 03/15/17 | 155,016 | ||||||||||||
320 | Plains Exploration & Production
Co. |
7.625 | 06/01/18 | 338,000 | ||||||||||||
3,024,601 | ||||||||||||||||
Industrial Conglomerates 0.3% |
||||||||||||||||
375 | NBC Universal, Inc. (a)(c) |
2.100 | 04/01/14 | 375,717 | ||||||||||||
355 | NBC Universal, Inc. (a)(c) |
5.950 | 04/01/41 | 359,873 | ||||||||||||
735,590 | ||||||||||||||||
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Insurance Brokers 0.2% |
||||||||||||||||
$ | 500 | AON Corp. |
3.500 | % | 09/30/15 | $ | 509,944 | |||||||||
Integrated Energy 0.8% |
||||||||||||||||
515 | Chesapeake Energy Corp. |
7.625 | 07/15/13 | 562,637 | ||||||||||||
480 | Hess Corp. |
6.000 | 01/15/40 | 529,143 | ||||||||||||
660 | Petro-Canada (Canada) |
6.800 | 05/15/38 | 785,635 | ||||||||||||
1,877,415 | ||||||||||||||||
Integrated Telecommunication Services 0.3% |
||||||||||||||||
705 | Frontier Communications Corp. |
8.500 | 04/15/20 | 771,094 | ||||||||||||
Internet Retail 0.7% |
||||||||||||||||
1,555 | Expedia, Inc. (a) |
5.950 | 08/15/20 | 1,587,676 | ||||||||||||
Investment Banking & Brokerage 1.1% |
||||||||||||||||
875 | Charles Schwab Corp. |
4.450 | 07/22/20 | 918,058 | ||||||||||||
615 | Goldman Sachs Group, Inc. |
3.700 | 08/01/15 | 631,805 | ||||||||||||
1,010 | Jefferies Group, Inc. |
6.875 | 04/15/21 | 1,078,219 | ||||||||||||
2,628,082 | ||||||||||||||||
Life Insurance 3.8% |
||||||||||||||||
650 | Aegon NV (Netherlands) |
4.625 | 12/01/15 | 691,510 | ||||||||||||
200 | Aflac, Inc. |
6.450 | 08/15/40 | 208,069 | ||||||||||||
540 | Aflac, Inc. |
8.500 | 05/15/19 | 689,247 | ||||||||||||
615 | Lincoln National Corp. |
8.750 | 07/01/19 | 792,805 | ||||||||||||
255 | MetLife, Inc. |
2.375 | 02/06/14 | 258,008 | ||||||||||||
75 | MetLife, Inc. |
5.700 | 06/15/35 | 80,680 | ||||||||||||
50 | MetLife, Inc. |
6.817 | 08/15/18 | 60,415 | ||||||||||||
785 | MetLife, Inc. |
10.750 | 08/01/39 | 1,016,575 | ||||||||||||
1,150 | Pacific LifeCorp (a) |
6.000 | 02/10/20 | 1,260,178 | ||||||||||||
775 | Protective Life Corp. |
7.375 | 10/15/19 | 872,757 | ||||||||||||
820 | Prudential Financial, Inc. |
4.750 | 09/17/15 | 890,752 | ||||||||||||
390 | Prudential Financial, Inc. |
6.625 | 12/01/37 | 442,143 | ||||||||||||
645 | Prudential Financial, Inc. |
7.375 | 06/15/19 | 786,069 |
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Life Insurance (continued) |
||||||||||||||||
$ | 625 | Reinsurance Group of America,
Inc. |
6.450 | % | 11/15/19 | $ | 689,759 | |||||||||
8,738,967 | ||||||||||||||||
Managed Health Care 0.2% |
||||||||||||||||
450 | WellPoint, Inc. |
5.800 | 08/15/40 | 472,708 | ||||||||||||
Media-Cable 3.8% |
||||||||||||||||
330 | Cablevision Systems Corp. |
7.750 | 04/15/18 | 352,275 | ||||||||||||
210 | Comcast Corp. |
5.150 | 03/01/20 | 230,124 | ||||||||||||
1,545 | Comcast Corp. |
5.700 | 05/15/18 | 1,768,981 | ||||||||||||
580 | Comcast Corp. |
6.450 | 03/15/37 | 642,935 | ||||||||||||
500 | Comcast Corp. |
6.500 | 01/15/15 | 588,090 | ||||||||||||
305 | COX Communications, Inc. (a) |
8.375 | 03/01/39 | 414,785 | ||||||||||||
250 | CSC Holdings, Inc. |
7.625 | 07/15/18 | 272,500 | ||||||||||||
2,100 | DirecTV Holdings LLC |
7.625 | 05/15/16 | 2,346,750 | ||||||||||||
685 | Time Warner Cable, Inc. |
6.750 | 07/01/18 | 816,146 | ||||||||||||
310 | Time Warner Cable, Inc. |
6.750 | 06/15/39 | 357,814 | ||||||||||||
295 | Time Warner Cable, Inc. |
8.250 | 04/01/19 | 381,300 | ||||||||||||
455 | Time Warner Cable, Inc. |
8.750 | 02/14/19 | 601,159 | ||||||||||||
8,772,859 | ||||||||||||||||
Media-Noncable 1.4% |
||||||||||||||||
570 | CBS Corp. |
8.875 | 05/15/19 | 741,638 | ||||||||||||
210 | Grupo Televisa SA (Mexico) |
6.000 | 05/15/18 | 233,176 | ||||||||||||
325 | News America, Inc. |
6.400 | 12/15/35 | 360,624 | ||||||||||||
600 | News America, Inc. |
6.650 | 11/15/37 | 688,620 | ||||||||||||
1,080 | WPP Finance UK PLC (United
Kingdom) |
8.000 | 09/15/14 | 1,287,423 | ||||||||||||
3,311,481 | ||||||||||||||||
Metals 4.7% |
||||||||||||||||
890 | Anglo American Capital PLC
(United Kingdom) (a) |
9.375 | 04/08/19 | 1,195,409 |
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Metals (continued) |
||||||||||||||||
$ | 970 | ArcelorMittal (Luxembourg) |
3.750 | % | 08/05/15 | $ | 982,200 | |||||||||
625 | ArcelorMittal (Luxembourg) |
7.000 | 10/15/39 | 637,628 | ||||||||||||
770 | ArcelorMittal (Luxembourg) |
9.850 | 06/01/19 | 990,258 | ||||||||||||
1,320 | Freeport-McMoRan Cooper &
Gold, Inc. |
8.375 | 04/01/17 | 1,471,388 | ||||||||||||
475 | Newmont Mining Corp. |
6.250 | 10/01/39 | 547,075 | ||||||||||||
1,750 | Rio Tinto Finance USA Ltd.
(Australia) |
9.000 | 05/01/19 | 2,436,569 | ||||||||||||
230 | Southern Copper Corp. |
5.375 | 04/16/20 | 244,413 | ||||||||||||
335 | Southern Copper Corp. |
6.750 | 04/16/40 | 366,962 | ||||||||||||
221 | Teck Resources Ltd. (Canada) |
10.250 | 05/15/16 | 268,515 | ||||||||||||
545 | Vale Overseas Ltd. (Cayman
Islands) |
5.625 | 09/15/19 | 607,235 | ||||||||||||
490 | Vale Overseas Ltd. (Cayman
Islands) |
6.875 | 11/21/36 | 564,081 | ||||||||||||
580 | Vale Overseas Ltd. (Cayman
Islands) |
6.875 | 11/10/39 | 669,392 | ||||||||||||
10,981,125 | ||||||||||||||||
Multi-Line Insurance 0.1% |
||||||||||||||||
150 | Genworth Financial, Inc. |
7.700 | 06/15/20 | 158,740 | ||||||||||||
Multi-Utilities 0.2% |
||||||||||||||||
500 | Dominion Resources, Inc. |
2.250 | 09/01/15 | 506,594 | ||||||||||||
Noncaptive-Consumer Finance 1.2% |
||||||||||||||||
360 | General Electric Capital Corp. |
5.875 | 01/14/38 | 366,028 | ||||||||||||
1,000 | General Electric Capital Corp. |
6.000 | 08/07/19 | 1,128,772 | ||||||||||||
855 | HSBC Finance Corp. |
5.500 | 01/19/16 | 940,348 | ||||||||||||
435 | SLM Corp. |
8.000 | 03/25/20 | 430,861 | ||||||||||||
2,866,009 | ||||||||||||||||
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Noncaptive-Diversified Finance 0.5% |
||||||||||||||||
$ | 705 | Blackstone Holdings Finance
Co. LLC (a) |
6.625 | % | 08/15/19 | $ | 748,649 | |||||||||
320 | General Electric Capital Corp. |
5.500 | 01/08/20 | 349,817 | ||||||||||||
1,098,466 | ||||||||||||||||
Office 0.2% |
||||||||||||||||
525 | Digital Realty Trust LP (a) |
4.500 | 07/15/15 | 545,205 | ||||||||||||
Oil & Gas Drilling 0.4% |
||||||||||||||||
985 | Transocean, Inc. (Switzerland) |
4.950 | 11/15/15 | 1,021,322 | ||||||||||||
Oil & Gas Exploration & Production 1.5% |
||||||||||||||||
1,700 | Anadarko Petroleum Corp. |
6.375 | 09/15/17 | 1,865,219 | ||||||||||||
365 | Empresa Nacional de Petroleo
(Chile) (a) |
5.250 | 08/10/20 | 381,132 | ||||||||||||
630 | Petroleos Mexicanos (Mexico) (a) |
5.500 | 01/21/21 | 672,178 | ||||||||||||
500 | Range Resources Corp. |
7.500 | 05/15/16 | 524,375 | ||||||||||||
3,442,904 | ||||||||||||||||
Other Diversified Financial Services 0.9% |
||||||||||||||||
555 | ERAC USA Finance LLC (a) |
2.750 | 07/01/13 | 567,504 | ||||||||||||
200 | ERAC USA Finance LLC (a) |
5.800 | 10/15/12 | 216,299 | ||||||||||||
510 | ING Bank NV (Netherlands) (a) |
3.000 | 09/01/15 | 514,388 | ||||||||||||
730 | NASDAQ OMX Group, Inc. |
5.550 | 01/15/20 | 775,698 | ||||||||||||
2,073,889 | ||||||||||||||||
Paper 0.6% |
||||||||||||||||
105 | Georgia-Pacific LLC (a) |
8.250 | 05/01/16 | 117,338 | ||||||||||||
715 | International Paper Co. |
7.500 | 08/15/21 | 854,946 | ||||||||||||
375 | International Paper Co. |
9.375 | 05/15/19 | 485,859 | ||||||||||||
1,458,143 | ||||||||||||||||
Pharmaceuticals 0.1% |
||||||||||||||||
120 | Wyeth |
6.450 | 02/01/24 | 149,706 | ||||||||||||
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Pipelines 2.8% |
||||||||||||||||
$ | 276 | Colorado Interstate Gas Co. |
6.800 | % | 11/15/15 | $ | 327,348 | |||||||||
250 | Enterprise Products Operating
LLC |
5.250 | 01/31/20 | 272,632 | ||||||||||||
720 | Enterprise Products Operating
LLC |
5.600 | 10/15/14 | 813,533 | ||||||||||||
295 | Enterprise Products Operating
LLC |
6.500 | 01/31/19 | 344,281 | ||||||||||||
560 | Kinder Morgan Energy Partners
LP |
5.850 | 09/15/12 | 605,146 | ||||||||||||
585 | Kinder Morgan Finance Co.
(Canada) |
5.700 | 01/05/16 | 606,938 | ||||||||||||
559 | Kinder Morgan, Inc. |
6.500 | 09/01/12 | 595,335 | ||||||||||||
500 | Spectra Energy Capital LLC |
5.668 | 08/15/14 | 562,483 | ||||||||||||
225 | Spectra Energy Capital LLC |
8.000 | 10/01/19 | 286,078 | ||||||||||||
755 | Texas Eastern Transmission LP |
7.000 | 07/15/32 | 935,945 | ||||||||||||
1,000 | Williams Partners LP |
7.250 | 02/01/17 | 1,193,960 | ||||||||||||
6,543,679 | ||||||||||||||||
Property & Casualty Insurance 2.3% |
||||||||||||||||
795 | AIG SunAmerica Global
Financing VI (a) |
6.300 | 05/10/11 | 820,341 | ||||||||||||
1,055 | American Financial Group, Inc. |
9.875 | 06/15/19 | 1,303,905 | ||||||||||||
1,100 | CNA Financial Corp. |
7.350 | 11/15/19 | 1,246,911 | ||||||||||||
980 | Farmers Insurance Exchange
Surplus (a) |
8.625 | 05/01/24 | 1,132,854 | ||||||||||||
90 | WR Berkley Corp. |
5.375 | 09/15/20 | 92,127 | ||||||||||||
710 | XL Group PLC (Ireland) |
5.250 | 09/15/14 | 760,332 | ||||||||||||
5,356,470 | ||||||||||||||||
Railroads 1.4% |
||||||||||||||||
225 | Canadian Pacific Railway Co.
(Canada) |
4.450 | 03/15/23 | 228,842 | ||||||||||||
770 | CSX Corp. |
6.150 | 05/01/37 | 873,934 |
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Railroads (continued) |
||||||||||||||||
$ | 2,000 | Union Pacific Corp. |
4.000 | % | 02/01/21 | $ | 2,081,660 | |||||||||
3,184,436 | ||||||||||||||||
Refining 0.6% |
||||||||||||||||
1,250 | Enterprise Products Operating
LLC |
6.450 | 09/01/40 | 1,392,310 | ||||||||||||
Regional Banks 0.1% |
||||||||||||||||
305 | SVB Financial Group |
5.375 | 09/15/20 | 309,605 | ||||||||||||
REITS 1.8% |
||||||||||||||||
800 | Boston Properties LP |
5.875 | 10/15/19 | 896,630 | ||||||||||||
660 | Duke Realty LP |
6.750 | 03/15/20 | 739,233 | ||||||||||||
350 | Entertainment Properties
Trust (a) |
7.750 | 07/15/20 | 355,839 | ||||||||||||
375 | Federal Realty Investment Trust |
5.900 | 04/01/20 | 419,133 | ||||||||||||
525 | Mack-Cali Realty Corp. |
7.750 | 08/15/19 | 628,224 | ||||||||||||
1,050 | WEA Finance LLC (a) |
6.750 | 09/02/19 | 1,229,499 | ||||||||||||
4,268,558 | ||||||||||||||||
Restaurants 0.6% |
||||||||||||||||
530 | McDonalds Corp. |
4.875 | 07/15/40 | 545,858 | ||||||||||||
780 | Yum! Brands, Inc. |
6.875 | 11/15/37 | 931,793 | ||||||||||||
1,477,651 | ||||||||||||||||
Retailers 1.6% |
||||||||||||||||
1,289 | CVS Pass-Through Trust |
6.036 | 12/10/28 | 1,353,487 | ||||||||||||
201 | CVS Pass-Through Trust (a) |
8.353 | 07/10/31 | 252,293 | ||||||||||||
800 | Home Depot, Inc. |
5.875 | 12/16/36 | 852,438 | ||||||||||||
190 | JC Penney Co., Inc. |
5.650 | 06/01/20 | 194,371 | ||||||||||||
386 | JC Penney Corp., Inc. |
6.375 | 10/15/36 | 373,110 | ||||||||||||
140 | Kohls Corp. |
6.875 | 12/15/37 | 174,424 | ||||||||||||
400 | Wal-Mart Stores, Inc. |
5.250 | 09/01/35 | 430,515 | ||||||||||||
3,630,638 | ||||||||||||||||
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Sovereigns 0.5% |
||||||||||||||||
$ | 1,135 | Korea Development Bank
(Republic of Korea (South
Korea)) |
4.375 | % | 08/10/15 | $ | 1,214,144 | |||||||||
Specialized Finance 0.5% |
||||||||||||||||
1,120 | Moodys Corp. |
5.500 | 09/01/20 | 1,157,111 | ||||||||||||
Supermarkets 0.4% |
||||||||||||||||
1,000 | SUPERVALU, Inc. |
7.500 | 11/15/14 | 1,007,500 | ||||||||||||
Systems Software 0.2% |
||||||||||||||||
535 | Symantec Corp. |
4.200 | 09/15/20 | 537,558 | ||||||||||||
Technology 0.8% |
||||||||||||||||
140 | Corning, Inc. |
6.625 | 05/15/19 | 170,197 | ||||||||||||
490 | Corning, Inc. |
7.250 | 08/15/36 | 580,186 | ||||||||||||
215 | Xerox Corp. |
5.625 | 12/15/19 | 240,751 | ||||||||||||
660 | Xerox Corp. |
6.350 | 05/15/18 | 767,362 | ||||||||||||
1,758,496 | ||||||||||||||||
Technology Distributors 0.6% |
||||||||||||||||
1,200 | Avnet, Inc. |
5.875 | 06/15/20 | 1,277,961 | ||||||||||||
Textiles 0.1% |
||||||||||||||||
260 | Levi Strauss & Co. |
7.625 | 05/15/20 | 270,400 | ||||||||||||
Tobacco 1.0% |
||||||||||||||||
1,000 | Altria Group, Inc. |
4.125 | 09/11/15 | 1,072,573 | ||||||||||||
340 | Altria Group, Inc. |
9.700 | 11/10/18 | 459,989 | ||||||||||||
410 | Altria Group, Inc. |
10.200 | 02/06/39 | 603,082 | ||||||||||||
115 | Philip Morris International, Inc. |
6.375 | 05/16/38 | 142,341 | ||||||||||||
2,277,985 | ||||||||||||||||
Wireless 0.8% |
||||||||||||||||
1,215 | Crown Castle Towers LLC (a) |
4.883 | 08/15/20 | 1,252,691 |
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Wireless (continued) |
||||||||||||||||
$ | 275 | Intelsat Subsidiary Holding Co.,
Ltd. (Bermuda) |
8.500 | % | 01/15/13 | $ | 279,125 | |||||||||
250 | SBA Telecommunications, Inc. |
8.250 | 08/15/19 | 273,750 | ||||||||||||
1,805,566 | ||||||||||||||||
Wireline 6.1% |
||||||||||||||||
86 | AT&T Corp. |
8.000 | 11/15/31 | 114,939 | ||||||||||||
2,874 | AT&T, Inc. (a) |
5.350 | 09/01/40 | 2,941,388 | ||||||||||||
155 | AT&T, Inc. |
6.550 | 02/15/39 | 181,787 | ||||||||||||
651 | British Telecommunications PLC
(United Kingdom) |
9.375 | 12/15/10 | 661,606 | ||||||||||||
295 | CenturyTel, Inc. |
6.150 | 09/15/19 | 303,927 | ||||||||||||
150 | Deutsche Telekom International
Finance BV (Netherlands) |
6.000 | 07/08/19 | 179,574 | ||||||||||||
225 | Deutsche Telekom International
Finance BV (Netherlands) |
6.750 | 08/20/18 | 276,947 | ||||||||||||
440 | Deutsche Telekom International
Finance BV (Netherlands) |
8.750 | 06/15/30 | 616,961 | ||||||||||||
650 | GTE Corp. |
6.940 | 04/15/28 | 758,623 | ||||||||||||
210 | Qwest Corp. |
6.875 | 09/15/33 | 208,425 | ||||||||||||
500 | Sable International Finance Ltd.
(Cayman Islands) (a) |
7.750 | 02/15/17 | 526,409 | ||||||||||||
1,030 | SBC Communications, Inc. |
6.150 | 09/15/34 | 1,139,980 | ||||||||||||
1,850 | Telecom Italia Capital SA
(Luxembourg) |
6.999 | 06/04/18 | 2,136,204 | ||||||||||||
230 | Telecom Italia Capital SA
(Luxembourg) |
7.175 | 06/18/19 | 270,848 | ||||||||||||
1,145 | Telefonica Europe BV
(Netherlands) |
8.250 | 09/15/30 | 1,521,071 | ||||||||||||
200 | Verizon Communications, Inc. |
6.400 | 02/15/38 | 231,356 |
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
Wireline (continued) |
||||||||||||||||
$ | 1,360 | Verizon Communications, Inc. |
8.950 | % | 03/01/39 | $ | 1,995,744 | |||||||||
14,065,789 | ||||||||||||||||
Total Corporate Bonds 88.6% |
205,987,389 | |||||||||||||||
United States Treasury Obligations 2.5% |
||||||||||||||||
3,850 | United States Treasury Bonds |
7.500 | 11/15/24 | 5,837,562 | ||||||||||||
Collateralized Mortgage Obligations 2.0% |
||||||||||||||||
400 | Banc of America Commercial
Mortgage, Inc. (b) |
5.934 | 02/10/51 | 431,019 | ||||||||||||
700 | Bear Stearns Commercial
Mortgage Securities (b) |
5.471 | 01/12/45 | 767,261 | ||||||||||||
953 | Commercial Mortgage Pass
Through Certificates (a)(d) |
0.347 | 06/15/22 | 913,856 | ||||||||||||
1,000 | GS Mortgage Securities Corp.
II (a)(b) |
5.635 | 08/10/43 | 1,059,007 | ||||||||||||
760 | LB-UBS Commercial Mortgage
Trust |
5.372 | 09/15/39 | 828,093 | ||||||||||||
635 | TIAA Seasoned Commercial
Mortgage Trust (b) |
5.762 | 08/15/39 | 676,651 | ||||||||||||
Total Collateralized Mortgage Obligations 2.0% |
4,675,887 | |||||||||||||||
Municipal Bonds 1.2% |
||||||||||||||||
California 0.1% |
||||||||||||||||
230 | California St Taxable Var Purp 3 |
5.950 | 04/01/16 | 254,106 | ||||||||||||
Kentucky 0.4% |
||||||||||||||||
870 | Kentucky Asset / Liability
Commn Gen Fd Rev Taxable |
3.165 | 04/01/18 | 880,109 | ||||||||||||
Par | ||||||||||||||||
Amount | ||||||||||||||||
(000) | Description | Coupon | Maturity | Value | ||||||||||||
New York 0.2% |
||||||||||||||||
$ | 400 | New York, NY City Mun Wtr &
Swr Rev Build America
Bonds |
5.724 | % | 06/15/42 | $ | 434,992 | |||||||||
Texas 0.5% |
||||||||||||||||
1,075 | Texas St Transn Commn
Taxable-first Tier, Ser B |
5.178 | 04/01/30 | 1,161,667 | ||||||||||||
Total Municipal Bonds 1.2% |
2,730,874 | |||||||||||||||
Asset Backed Securities 0.9% |
||||||||||||||||
2,000 | Capital One Multi-Asset
Execution Trust |
4.790 | 08/15/13 | 2,003,116 | ||||||||||||
Total Long-Term Investments 95.2% (Cost $201,430,956) |
221,234,828 | |||||||||||||||
Description | Shares | Value | ||||||
Money Market Funds 4.2% |
||||||||
Liquid Assets Portfolio-Institutional Class (e) |
4,905,738 | $ | 4,905,738 | |||||
Premier Portfolio-Institutional Class (e) |
4,905,738 | 4,905,738 | ||||||
Total Money Market Funds 4.2% (Cost $9,811,476) |
9,811,476 | |||||||
United States Government Agencies & Obligations 1.1% |
||||||||
United States Treasury Bill ($2,548,000 par, yielding 0.139%,
10/28/10 Maturity) (Cost $2,547,628) (f) |
2,547,628 | |||||||
Total Investments 100.5% (Cost $213,790,060) |
233,593,932 | |||||||
Liabilities in Excess of Other Assets (0.5%) |
(1,086,659 | ) | ||||||
Net Assets 100.0% |
$ | 232,507,273 | ||||||
(a) | 144A-Private Placement security which is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may only be resold in transactions exempt from registration which are normally those transactions with qualified institutional buyers. | |
(b) | Variable Rate Coupon | |
(c) | Security purchased on a when-issued or delayed delivery basis. | |
(d) | Floating Rate Coupon | |
(e) | The money market fund and the Fund are affiliated by having the same investment adviser. | |
(f) | All or a portion of this security has been physically segregated in connection with open futures contracts. |
Unrealized | ||||||||
Number of | Appreciation/ | |||||||
Contracts | Depreciation | |||||||
Long Contracts: |
||||||||
U.S. Treasury Bonds 30-Year Futures, December 2010 (Current Notional Value of $133,719 per contract) |
12 | $ | (1,150 | ) | ||||
U.S. Treasury Notes 5-Year Futures, December 2010 (Current Notional Value of $120,867 per contract) |
352 | 271,511 | ||||||
Ultra Long-Term U.S. Treasury Bonds Futures, December
2010 (Current Notional Value of $141,281 per contract) |
27 | (71,354 | ) | |||||
Total Long Contracts: |
391 | 199,007 | ||||||
Short Contracts: |
||||||||
U.S. Treasury Notes 10-Year Futures, December 2010 (Current Notional Value of $126,047 per contract) |
372 | (180,969 | ) | |||||
Total Futures Contracts |
763 | $ | 18,038 | |||||
Level 1 | Prices are determined using quoted prices in an active market for identical assets. | ||
Level 2 | Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. | ||
Level 3 | Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Funds own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information. |
Level 1 | Level 2 | Level 3 | ||||||||||||||
Other | ||||||||||||||||
Significant | Significant | |||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
Investments | Prices | Inputs | Inputs | Total | ||||||||||||
Investments in an Asset Position |
||||||||||||||||
Corporate Bonds |
$ | | $ | 205,987,389 | $ | | $ | 205,987,389 | ||||||||
United States Treasury
Obligations |
| 5,837,562 | | 5,837,562 | ||||||||||||
Collateralized Mortgage
Obligations |
| 4,675,887 | | 4,675,887 | ||||||||||||
Municipal Bonds |
| 2,730,874 | | 2,730,874 | ||||||||||||
Asset Backed Securities |
| 2,003,116 | | 2,003,116 | ||||||||||||
United States Government
Agency Obligations |
| 2,547,628 | | 2,547,628 | ||||||||||||
Money Market Funds |
9,811,476 | | | 9,811,476 | ||||||||||||
Futures |
271,511 | | | 271,511 | ||||||||||||
Total Investments in an Asset
Position |
$ | 10,082,987 | $ | 223,782,456 | $ | | $ | 233,865,443 | ||||||||
Investments in a Liability Position |
||||||||||||||||
Futures |
$ | (253,473 | ) | $ | | $ | | $ | (253,473 | ) | ||||||
Aggregate unrealized appreciation of investment securities |
$ | 19,693,632 | ||
Aggregate unrealized (depreciation) of investment securities |
(214,725 | ) | ||
Net unrealized appreciation of investment securities |
$ | 19,478,907 | ||
Cost of investments for tax purposes is $214,115,025. |
(a) | As of September 16, 2010, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (PEO) and Principal Financial Officer (PFO), to assess the effectiveness of the Registrants disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (Act), as amended. Based on that evaluation, the Registrants officers, including the PEO and PFO, concluded that, as of , September 16, 2010, the Registrants disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure. | ||
(b) | There have been no changes in the Registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrants internal control over financial reporting. |
Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940. |
By: | /s/ Colin Meadows | |||
Colin Meadows | ||||
Principal Executive Officer | ||||
By: | /s/ Colin Meadows | |||
Colin Meadows | ||||
Principal Executive Officer | ||||
By: | /s/ Sheri Morris | |||
Sheri Morris | ||||
Principal Financial Officer | ||||