| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AFLAC INC 8.5% 5/15/2019 | AT COST | 3,528 | 3,832 |
| AMERICAN EXPRESS CR 2.75% 9/15/2015 | AT COST | 4,040 | 4,139 |
| ANHEUSER-BUSCH INBEV 2.875% 02/15/16 | AT COST | 3,021 | 3,123 |
| APPLE INC 1% 05/03/18 | AT COST | 3,993 | 3,868 |
| AT&T 5.6% 5/15/2018 | AT COST | 3,219 | 3,407 |
| BARCLAYS BANK PLC 3.9% 4/7/2015 | AT COST | 3,002 | 3,122 |
| BHP BILLITON FIN USA 1% 02/24/15 | AT COST | 6,997 | 7,038 |
| CA INC 5.375% 12/01/2019 | AT COST | 3,183 | 3,336 |
| CATERPILLAR INC 7.9% 12/15/2018 | AT COST | 6,870 | 7,520 |
| CHEVRON CORP 1.104% 12/05/17 | AT COST | ||
| CISCO SYSTEMS INC 5.5% 02/22/16 | AT COST | 3,348 | 3,300 |
| CITIGROUP 1.25% 1/15/16 | AT COST | 4,012 | 4,013 |
| CITIGROUP INC FDIC 6% 12/13/2013 | AT COST | ||
| COMCAST CORP 5.7% 7/01/2019 | AT COST | 3,300 | 3,467 |
| CREDIT SUISSE NEW YORK 5.5% 5/1/2014 | AT COST | 7,097 | 7,114 |
| CSX CORP 6.25% 4/1/2015 | AT COST | 3,178 | 3,207 |
| DIRECTV HOLDGS/FING 3.55% 3/15/2015 | AT COST | 3,039 | 3,099 |
| DIRECTV HOLDINGS 3.5% 03/01/16 | AT COST | 3,179 | 3,149 |
| DUKE ENERGY CORP 2.15% 11/15/2016 | AT COST | 4,001 | 4,099 |
| FHLM 2.875% 02/09/15 | AT COST | 10,339 | 10,292 |
| FHLM 4% 11/01/40 | AT COST | 2,698 | 2,584 |
| FHLM 4.5% 08/01/40 | AT COST | 1,725 | 1,715 |
| FHLM 5% 12/01/36 | AT COST | 1,865 | 1,856 |
| FNMA 3% 05/01/27 | AT COST | 2,998 | 2,924 |
| FNMA 3.5% 9/1/2025 | AT COST | 3,491 | 3,520 |
| FNMA 4% 06/01/39 | AT COST | 1,971 | 1,919 |
| FNMA 4% 3/1/2026 | AT COST | 3,472 | 3,503 |
| FNMA 4.5% 06/01/40 | AT COST | 1,765 | 1,756 |
| FNMA 4.5% 6/1/2041 | AT COST | 2,328 | 2,325 |
| FNMA 5% 2/1/2024 | AT COST | 3,862 | 3,856 |
| FNMA 5% 3/15/2016 | AT COST | 6,207 | 6,594 |
| FNMA 5% 6/1/2023 | AT COST | 1,045 | 1,126 |
| FNMA 5% 6/1/2035 | AT COST | 3,213 | 3,236 |
| FNMA 5.5% 04/01/34 | AT COST | 7,053 | 7,104 |
| FNMA 5.5% 1/1/2018 | AT COST | 1,773 | 1,740 |
| FNMA 5.5% 2/1/2037 | AT COST | 3,245 | 3,535 |
| FNMA 5.5% 3/1/2022 | AT COST | 1,203 | 1,298 |
| FNMA 5.5% 4/1/2036 | AT COST | 957 | 997 |
| FNMA 5.5% 9/1/2021 | AT COST | 1,131 | 1,130 |
| FNMA 6% 2/1/2038 | AT COST | 17,236 | 18,850 |
| FNMA 6% 4/1/2039 | AT COST | 1,005 | 1,065 |
| FNMA 6% 7/1/2037 | AT COST | 1,290 | 1,351 |
| GENERAL ELECTRIC 5.3% 2/11/2021 | AT COST | 3,116 | 3,356 |
| GENERAL ELECTRIC 5.875% 01/14/2038 | AT COST | ||
| GOLDMAN SACHS GROUP INC 6% 5/1/2014 | AT COST | 3,047 | 3,054 |
| GOLDMAN SACHS GROUP INC 7.5% 2/15/19 | AT COST | 3,334 | 3,654 |
| HESS CORPORATION 8.125% 2/15/2019 | AT COST | 3,461 | 3,726 |
| HEWLETT-PACKARD CO 2.2% 12/1/2015 | AT COST | 4,004 | 4,088 |
| INTEL CORP 3.3% 10/01/2021 | AT COST | 3,986 | 3,974 |
| INTERNAT BUS MACH 1.95% 07/22/16 | AT COST | 7,169 | 7,191 |
| JP MORGAN CHASE & CO 6.3% 4/23/2019 | AT COST | 3,256 | 3,541 |
| KRAFT FOODS INC 1.625% 6/4/15 | AT COST | 4,046 | 4,051 |
| KRAFT FOODS INC 4.125% 2/9/2016 | AT COST | ||
| MARATHON OIL .9% 11/01/15 | AT COST | 3,998 | 4,003 |
| MERRILL LYNCH & CO 6.11% 1/29/2037 | AT COST | 3,864 | 4,314 |
| MERRILL LYNCH & CO 6.875% 4/25/2018 | AT COST | 3,246 | 3,547 |
| MONDELEZ INTERNATIONAL DTD 4.125% | AT COST | 3,074 | 3,180 |
| MORGAN STANLEY 4.2% 11/20/2014 | AT COST | 3,040 | 3,095 |
| MORGAN STANLEY 5.625% 9/23/2019 | AT COST | 3,004 | 3,410 |
| ONTARIO 1.375% 01/27/2014 | AT COST | 7,005 | 7,005 |
| ORACLE CORP 5.75% 4/15/2018 | AT COST | 3,338 | 3,467 |
| PETROBRAS INTL 5.75% 1/20/2020 | AT COST | 7,320 | 7,203 |
| PFIZER INC 6.2% 3/15/2019 | AT COST | 3,297 | 3,556 |
| PIMCO TOTAL RETURN INSTL FUND | AT COST | 57,000 | 56,355 |
| PRUDENTIAL FINANCIAL 4.5% 11/15/2020 | AT COST | 2,995 | 3,218 |
| ROYAL BANK OF CANADA 1.2% 09/19/12 | AT COST | 6,998 | 6,936 |
| SUNTRUST BKS INC 3.5% 1/20/2017 | AT COST | 3,002 | 3,156 |
| TALISMAN ENERGY INC 7.75% 6/1/2019 | AT COST | 3,412 | 3,593 |
| TARGET CORP 5.375% 5/1/2017 | AT COST | 3,160 | 3,372 |
| TEVA PHARMA FIN 1.7% 11/10/2014 | AT COST | ||
| TIME WARNER CABLE 6.75% 7/1/2018 | AT COST | 3,243 | 3,364 |
| TOYOTA MOTOR CREDIT 3.4% 09/15/2021 | AT COST | 3,990 | 4,061 |
| US TREASURY 1.375% 11/30/15 | AT COST | 27,527 | 27,522 |
| US TREASURY 6.25% 8/15/2023 | AT COST | 9,738 | 10,276 |
| US TREASURY N/B 2.625% 11/15/2020 | AT COST | 14,205 | 14,228 |
| USTREASURY INFLATION .625% 7/15/21 | AT COST | 10,938 | 10,519 |
| VERIZON COMMUNICATIONS 6% 4/1/2041 | AT COST | 3,256 | 3,294 |
| WACHOVIA CORP 5.75% 6/15/17 | AT COST | 3,119 | 3,422 |
| WAL MART STORES INC DTD 6.2% | AT COST | 3,993 | 3,606 |
| FNMA 4% 2/1/41 | AT COST | 3,949 | 3,931 |
| FNMA3.5% 11/01/42 | AT COST | 3,575 | 3,563 |
| FNMA 3.5% 3/1/41 | AT COST | 3,622 | 3,411 |
| US TREASURY 2.875% 05/15/43 | AT COST | 6,599 | 6,484 |
| US TREASURY 1.75% 05/15/23 | AT COST | 7,405 | 7,211 |