rvhy 7-20-2009 zh

BOND SELECTOR min max min max 1

issuer maturity (dd.mm.yy) rating s&p

currency coupon rating moody's

industry sector yield to worst multi ticker selection

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currently 833 of total 1277 bonds have been selected market wtd averages B+ B1 91.01

issuer coupon maturity currency

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ACCELLENT INC 10.5 12/1/2013 USD 305 CCC+ Caa2 86.00

ACTUANT CORPORATION 6.875 6/15/2017 USD 250 BB- Ba2 92.25

ADVANCED MICRO DEVICES 7.75 11/1/2012 USD 390 CCC+ Caa1 73.50

AEP INDUSTRIES INC 7.875 3/15/2013 USD 160.16 CCC+ B3 92.00

AES CORP 7.75 10/15/2015 USD 500 BB- B1 95.75

AES CORP 8 10/15/2017 USD 1500 BB- B1 95.75

AES CORPORATION 7.75 3/1/2014 USD 500 BB- B1 97.25

AES CORPORATION 8 6/1/2020 USD 625 BB- B1 93.50

AES CORPORATION 8.75 5/15/2013 USD 690.301 BB+ Ba3 102.75

AES CORPORATION 8.875 2/15/2011 USD 129.34 BB- B1 103.00

AES CORPORATION 9.375 9/15/2010 USD 213.609 BB- B1 103.25

AES CORPORATION 9.75 4/15/2016 USD 535 BB- B1 104.50

AES DOMINICANA ENERGIA 11 12/13/2015 USD 160 B- #N/A N/A 84.50

AES EASTERN ENERGY 9 1/2/2017 USD 218.341375 BB+ Ba1 94.50

AES EASTERN ENERGY 9.67 1/2/2029 USD 268 BB+ Ba1 85.50

AES IRONWOOD LLC 8.857 11/30/2025 USD 255.9320001 B+ B1 89.00

AES RED OAK LLC 8.54 11/30/2019 USD 179.9759998 BB- B1 92.00

AES RED OAK LLC 9.2 11/30/2029 USD 160 BB- B1 87.00

AFFILIATED COMPUTER SVCS 4.7 6/1/2010 USD 250 BB Ba2 101.00

AFFILIATED COMPUTER SVCS 5.2 6/1/2015 USD 250 BB Ba2 86.00

AFFINION GROUP INC 10.125 10/15/2013 USD 150 B- B2 95.50

AFFINION GROUP INC 10.125 10/15/2013 USD 304 B- B2 95.50

AFFINION GROUP INC 11.5 10/15/2015 USD 355.5 B- Caa1 88.50

AFFINITY GROUP INC 9 2/15/2012 USD 137.8 CCC- Caa1 69.50

AGILENT TECHNOLOGIES INC 6.5 11/1/2017 USD 600 BBB- Ba1 89.75

AIRGAS INC 6.25 7/15/2014 USD 150 BB+ Ba2 /*+ 97.25

AIRGAS INC 7.125 10/1/2018 USD 400 BB+ Ba2 /*+ 95.50

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AK STEEL CORP 7.75 6/15/2012 USD 507.3 BB- Ba3 99.75

ALCATEL SA 6.375 4/7/2014 EUR 462.013 B+ B1 90.50

ALESTRA SA DE RL DE CV 8 6/30/2010 USD 193.182875 #N/A N/A #N/A N/A 98.00

ALION SCIENCE AND TECH C 10.25 1/2/2015 USD 250 CCC Caa3 42.50

ALLBRITTON COMMUNICATION 7.75 12/15/2012 USD 454.15 B- Caa1 81.50

ALLIANT TECHSYSTEMS INC 6.75 4/1/2016 USD 400 BB- B1 95.25

ALLIS-CHALMERS ENERGY IN 8.5 3/1/2017 USD 205.8 B- Caa1 68.50

ALLIS-CHALMERS ENERGY IN 9 1/15/2014 USD 224.438 B- Caa1 74.00

AMC ENTERTAINMENT INC 8 3/1/2014 USD 300 CCC+ Caa1 89.50

AMC ENTERTAINMENT INC 8.75 6/1/2019 USD 600 B- B1 97.75

AMC ENTERTAINMENT INC 11 2/1/2016 USD 325 CCC+ Caa1 99.00

AMEREN CORPORATION 8.875 5/15/2014 USD 425 BB+ Baa3 108.25

AMERICAN & FOREIGN POWER 5 3/1/2030 USD 18.526 B B2 42.50

AMERICAN GREETINGS 7.375 6/1/2016 USD 200 B+ B1 79.00

AMERICAN MEDIA OPERATION 14 11/1/2013 USD 310.61666699 CCC- #N/A N/A 42.75

AMERICAN PACIFIC CORP 9 2/1/2015 USD 110 B+ B2 90.25

AMERICAN RAILCAR IND 7.5 3/1/2014 USD 275 BB- B3 90.00

AMERICAN TOWER CORP 7 10/15/2017 USD 500 BB+ Ba1 99.00

AMERICAN TOWER CORP 7.125 10/15/2012 USD 500 BB+ Ba1 102.25

AMERICAN TOWER CORP 7.25 5/15/2019 USD 300 BB+ Ba1 98.50

AMERIGAS PART/EAGLE FIN 7.125 5/20/2016 USD 350 NR Ba3 96.25

AMERIGAS PART/EAGLE FIN 8.875 5/20/2011 USD 14.64 NR WR 100.25

AMERIGAS PARTNERS L.P. 7.25 5/20/2015 USD 413.9 NR Ba3 97.00

AMERISTAR CASINOS INC 9.25 6/1/2014 USD 650 BB- B2 103.00

AMES TRUE TEMPER INC 10 7/15/2012 USD 150 CCC- Caa3 76.50

AMKOR TECHNOLOGIES INC 7.125 3/15/2011 USD 177.9 B+ B2 99.75

AMKOR TECHNOLOGIES INC 7.75 5/15/2013 USD 421.62 B+ B2 94.75

AMKOR TECHNOLOGIES INC 9.25 6/1/2016 USD 390 B+ B2 97.50

AMR HOLDCO/EMCARE HOLDCO 10 2/15/2015 USD 250 B Ba3 103.75

AMSCAN HOLDINGS INC 8.75 5/1/2014 USD 175 CCC+ Caa1 87.00

ANGIOTECH PHARMACEUTICAL 7.75 4/1/2014 USD 250 C /*+ C 59.00

ANIXTER INC 5.95 3/1/2015 USD 200 BB+ Ba2 85.50

ANIXTER INC 10 3/15/2014 USD 200 BB+ Ba2 101.50

ARVINMERITOR 8.125 9/15/2015 USD 252.537 CCC- Caa2 61.00

ARVINMERITOR INC 8.75 3/1/2012 USD 276 CCC- Caa2 66.50

ASHLAND INC 9.125 6/1/2017 USD 650 BB- Ba3 105.00

ASHTEAD CAPITAL INC 9 8/15/2016 USD 550 B B2 85.50

ASHTEAD HOLDINGS PLC 8.625 8/1/2015 USD 250 B B2 85.50

ATLANTIC BROADBAND FINC 9.375 1/15/2014 USD 150 B- Caa1 87.00

AUTONATION INC 7 4/15/2014 USD 132.6 BB+ Ba2 98.25

BALDOR ELECTRIC CO 8.625 2/15/2017 USD 550 B B3 95.50

BALL CORP 6.625 3/15/2018 USD 450 BB+ Ba1 94.00

BALL CORP 6.875 12/15/2012 USD 509 BB+ Ba1 100.50

BASIC ENERGY SERVICES 7.125 4/15/2016 USD 225 B+ B3 72.50

BE AEROSPACE INC 8.5 7/1/2018 USD 600 BB+ /*- Ba3 96.50

BELDEN INC 7 3/15/2017 USD 350 B+ Ba2 89.25

BLOCKBUSTER INC 9 9/1/2012 USD 300 CC Ca 47.50

BLOUNT INC 8.875 8/1/2012 USD 175 B B2 102.00

BLYTH INC 7.9 10/1/2009 USD 38.7 B+ B1 99.50

BOMBARDIER INC 6.3 5/1/2014 USD 500 BB+ Ba2 88.50


BOMBARDIER INC 7.25 11/15/2016 EUR 800 BB+ Ba2 89.50

BOMBARDIER INC 7.35 12/22/2026 CAD 150 BB+ #N/A N/A 77.50


BOMBARDIER INC 8 11/15/2014 USD 385 BB+ Ba2 95.50

BORDEN CHEMICAL INC 7.875 2/15/2023 USD 221.411 CCC Caa2 38.50



BORGWARNER INC 8 10/1/2019 USD 134 BBB Ba1 99.75

BRASKEM FINANCE LTD 7.25 6/5/2018 USD 500 BB+ Ba1 97.50

BRASKEM SA 9.375 6/1/2015 USD 250 BB+ #N/A N/A 112.25

BRASKEM SA 11.75 1/22/2014 USD 250 BB+ #N/A N/A 119.25

BRASKM SA 8 1/26/2017 USD 275 BB+ #N/A N/A 102.50

BRIGGS & STRATTON CORP 8.875 3/15/2011 USD 248 BB- Ba3 102.50

BRINKER INTERNATIONAL 5.75 6/1/2014 USD 300 BBB- Ba2 92.00

BRITISH AIRWAYS 8.75 8/23/2016 GBP 250 BB B1 82.50

BRIXTON PLC 5.25 10/21/2015 GBP 150 #N/A N/A #N/A N/A 75.25

BRIXTON PLC 6 12/30/2010 GBP 275 #N/A N/A #N/A N/A 91.25

BRIXTON PLC 6 9/30/2019 GBP 210 #N/A N/A #N/A N/A 64.25

BROADWING INC 7.25 6/15/2023 USD 50 BB Ba2 71.75

BROWN SHOE COMPANY, INC 8.75 5/1/2012 USD 150 B B3 95.75

BRUNSWICK CORP 5 6/1/2011 USD 150 B- Caa1 76.00

BRUNSWICK CORP 7.125 8/1/2027 USD 200 B- Caa1 53.50



BUCKEYE TECHNOLOGIES INC 8.5 10/1/2013 USD 200 BB- B2 /*+ 96.00

CABLE & WIRELESS INT FIN 8.625 3/25/2019 GBP 146.7 BB- B1 94.00

CABLE & WIRELESS PLC 8.75 8/6/2012 GBP 195 BB- B1 103.50

CABLEVISION SYSTEMS CORP 8 4/15/2012 USD 1000 B+ B1 101.50

CADMUS COMM CORP 8.375 6/15/2014 USD 40.268 B- Caa1 66.75

CALIFORNIA STEEL INDUSTR 6.125 3/15/2014 USD 150 BB- B1 89.00

CALPINE CONS FIN/CCFC FI 8 6/1/2016 USD 1000 BB- B1 98.25

CARRIAGE SERVICES INC 7.875 1/15/2015 USD 130 B- B1 77.50

CARROLS CORP 9 1/15/2013 USD 164.985 B- B3 96.00

CASCADES INC 7.25 2/15/2013 USD 675 B+ Ba3 90.25

CASE NEW HOLLAND INC 7.125 3/1/2014 USD 500 BB+ /*- Ba3 93.50

CC HOLDINGS GS V LLC/CRO 7.75 5/1/2017 USD 1200 BB Ba1 101.75

CCO HLDGS LLC/CAP CORP 8.75 11/15/2013 USD 800 D (P)B2 100.00

CELESTICA INC 7.625 7/1/2013 USD 223.1 B B3 99.00

CELESTICA INC 7.875 7/1/2011 USD 339.435 B B3 101.00

CEMEX SA 9.625 10/1/2009 USD 60.351 B- /*- WR 100.00

CENTENE CORP 7.25 4/1/2014 USD 175 BB- Ba3 92.75

CENTENNIAL CELL/COMMUNIC 10.125 6/15/2013 USD 500 B /*+ B2 /*+ 104.00

CENTENNIAL COMM/CELL/PR 8.125 2/1/2014 USD 325 B /*+ B2 /*+ 102.25

CENTENNIAL COMMUNICATION 10 1/1/2013 USD 200 CCC+ /*+ Caa1 /*+ 105.00

CENTERPOINT ENERGY 6.85 6/1/2015 USD 200 BBB- Ba1 96.50

CENTERPOINT ENERGY INC 5.95 2/1/2017 USD 250 BBB- Ba1 90.75



CENTRAL EURO MEDIA ENTER 8.25 5/15/2012 EUR 245 B+ Ba3 92.00

CENTRAL GARDEN & PET CO 9.125 2/1/2013 USD 149.98 CCC+ Caa1 98.25

CENTURY ALUMINUM COMPANY 7.5 8/15/2014 USD 250 B Ca 69.50

CENVEO CORP 7.875 12/1/2013 USD 298.37 B- Caa1 68.50

CENVEO CORP 10.5 8/15/2016 USD 170 B- B3 77.50

CEVA GROUP PLC 10 9/1/2014 USD 400 CCC Caa2 71.00

CFG INVESTMENT SAC 9.25 12/19/2013 USD 225 B+ B1 90.50

CHATTEM INC 7 3/1/2014 USD 107.5 B B2 98.25

CHEMTURA CORP 6.875 6/1/2016 USD 500 D WR 75.50

CHIQUITA BRANDS INTL 7.5 11/1/2014 USD 195 B- Caa2 89.25

CHIQUITA BRANDS INTL 8.875 12/1/2015 USD 189 B- Caa2 91.50

CINC BELL TEL 6.3 12/1/2028 USD 150 BB Ba1 67.75

CINCINNATI BELL INC 7 2/15/2015 USD 250 B+ Ba3 93.50

CINCINNATI BELL INC 7.25 7/15/2013 USD 439.9 B+ Ba3 95.75

CINCINNATI BELL INC 8.375 1/15/2014 USD 582.1 B- B2 96.25

CITIGROUP(JSC SEVERSTAL) 9.25 4/19/2014 USD 375 BB- Ba3 83.25

CITIZENS COMMUNICATIONS 6.25 1/15/2013 USD 700 BB Ba2 /*+ 95.50


CITIZENS COMMUNICATIONS 6.8 8/15/2026 USD 11.6 BB Ba2 /*+ 66.75

CITIZENS COMMUNICATIONS 7 11/1/2025 USD 138 BB Ba2 /*+ 70.00





CITIZENS COMMUNICATIONS 9 8/15/2031 USD 945.325 BB Ba2 /*+ 89.00


CMA CGM 5.5 5/16/2012 EUR 293.304 NR #N/A N/A 44.50

CMA CGM SA 7.25 2/1/2013 USD 149.757 NR #N/A N/A 46.50

CMS ENERGY 6.3 2/1/2012 USD 150 BB+ Ba1 99.00

CMS ENERGY CORP 6.55 7/17/2017 USD 250 BB+ Ba1 90.75



CMS ENERGY CORP 8.5 4/15/2011 USD 300.375 BB+ Ba1 104.00


CODERE FIN LUXEMBOURG SA 8.25 6/15/2015 EUR 660 B B2 66.50

COGNIS GmbH 9.5 5/15/2014 EUR 345 CCC Caa2 84.00

COLEMAN CABLE INC 9.875 10/1/2012 USD 240 B+ B3 85.25

COLORADO INTERSTATE GAS 5.95 3/15/2015 USD 34.985 BB Baa3 96.25

COLORADO INTERSTATE GAS 6.8 11/15/2015 USD 340.015 BB Baa3 106.00

COLORADO INTERSTATE GAS 6.85 6/15/2037 USD 100 BB Baa3 97.00

COLUMBUS MCKINNON CORP 8.875 11/1/2013 USD 124.855 B+ B1 100.75

COMED FINANCING III 6.35 3/15/2033 USD 200 BB /*- Ba1 64.25

COMMONWEALTH EDISON 7.625 4/15/2013 USD 4.317 A WR 106.50

COMPASS MINERALS INTERNA 8 6/1/2019 USD 100 B+ B1 99.50

COMPLETE PRODUCTION SERV 8 12/15/2016 USD 650 B+ B1 85.25

CONSTELLATION BRANDS INC 7.25 9/1/2016 USD 700 BB- Ba3 96.25



CONVERGYS CORP 4.875 12/15/2009 USD 250 BB Ba1 101.50

COOPER COS INC 7.125 2/15/2015 USD 339 BB- Ba3 95.50

CORNELL CO'S INC 10.75 7/1/2012 USD 112 B B2 100.50

COUCHE-TARD US/FINANCE 7.5 12/15/2013 USD 350 BB- Ba2 100.00

COVENTRY HEALTH CARE INC 5.875 1/15/2012 USD 249.95 BBB- Ba1 100.75

COVENTRY HEALTH CARE INC 5.95 3/15/2017 USD 390 BBB- Ba1 82.50



CRC HEALTH CORP 10.75 2/1/2016 USD 177.296 CCC+ Caa1 67.50

CROWN AMER/CAP CORP II 7.625 5/15/2017 USD 400 BB- B1 98.00

CROWN AMERICAS 7.625 11/15/2013 USD 500 BB- B1 100.75

CROWN AMERICAS 7.75 11/15/2015 USD 600 BB- B1 100.75

CROWN CASTLE INTL CORP 9 1/15/2015 USD 900 B+ B2 105.00

CROWN CORK & SEAL CO INC 7.375 12/15/2026 USD 350 B+ B2 87.50

CROWN CORK & SEAL CO INC 7.5 12/15/2096 USD 150 B+ B2 81.50

CROWN CORK &SEAL 8 4/15/2023 USD 200 B+ B2 91.00

CW MEDIA HOLDINGS INC 13.5 8/15/2015 USD 338.30569119 CCC /*- Ca /*+ 83.50

DAILY MAIL & GENERAL TRU 7.5 3/29/2013 GBP 300 BB #N/A N/A 81.75

DAILY MAIL & GENL TRUST 5.75 12/7/2018 GBP 175 BB #N/A N/A 62.50

DAILY MAIL & GENL TRUST 10 4/9/2021 GBP 156.4 BB #N/A N/A 77.25

DAVE & BUSTER'S INC 11.25 3/15/2014 USD 175 B- B3 91.50

DAVITA INC 6.625 3/15/2013 USD 900 B+ B1 97.50

DAVITA INC 7.25 3/15/2015 USD 850 B B2 96.75

DEAN FOODS CO 7 6/1/2016 USD 500 B B3 93.25

DELUXE CORP 5 12/15/2012 USD 300 BB- Ba2 86.00

DELUXE CORP 5.125 10/1/2014 USD 275 BB- Ba2 81.00

DELUXE CORP 7.375 6/1/2015 USD 200 BB- Ba2 86.50

DENNY'S CORP/HLDGS INC 10 10/1/2012 USD 175 B- Caa1 99.75

DESARROLLADORA HOMEX SA 7.5 9/28/2015 USD 249.935 BB- Ba3 90.00

DEVELOPERS DIVERS REALTY 4.625 8/1/2010 USD 284.255 BB+ Baa3 94.00

DEVELOPERS DIVERS REALTY 5 5/3/2010 USD 194.595 BB+ Baa3 98.25



DEVELOPERS DIVERS REALTY 5.5 5/1/2015 USD 200 BB+ Baa3 68.50

DEVELOPERS DIVERS REALTY 7.5 7/15/2018 USD 100 BB+ Baa3 64.25

DIRECTV HOLDINGS/FINANCE 6.375 6/15/2015 USD 1000 BB Ba2 95.00

DIRECTV HOLDINGS/FINANCE 8.375 3/15/2013 USD 910 BB Ba2 103.00

DIRECTV HOLDINGS/FING 7.625 5/15/2016 USD 1498.5 BB Ba2 100.25

DOLE FOODS CO 7.25 6/15/2010 USD 400 B- Caa2 100.50



DOLE FOODS CO 13.875 3/15/2014 USD 349.903 B- B2 112.50

DOLLAR GENERAL CORP 10.625 7/15/2015 USD 1175 B- B3 110.00

DOLLAR GENERAL CORP 11.875 7/15/2017 USD 700 B- Caa1 110.50

DOMTAR CORP 5.375 12/1/2013 USD 348.431 BB- Ba3 83.50



DOMTAR CORP 9.5 8/1/2016 USD 124.125 BB- #N/A N/A 85.50

DOMTAR CORP 10.75 6/1/2017 USD 400 BB- Ba3 99.50

DRESSER-RAND GROUP INC 7.375 11/1/2014 USD 370.065 BB- B1 98.25

DUNE ENERGY INC 10.5 6/1/2012 USD 300 CCC+ Caa2 53.00

DYCOM INDUSTRIES INC 8.125 10/15/2015 USD 135.35 BB- Ba3 85.50

EL PASO NATURAL GAS 5.95 4/15/2017 USD 354.15 BB Baa3 99.25

EL PASO NATURAL GAS 7.5 11/15/2026 USD 200 BB Baa3 103.25

EL PASO NATURAL GAS 8.375 6/15/2032 USD 299.49 BB Baa3 114.25

EL PASO NATURAL GAS 8.625 1/15/2022 USD 260 BB Baa3 117.25

EMP DISTRIBUIDORA NORTE 10.5 10/9/2017 USD 214 B- B2 83.00

ENTERPRISE INNS PLC 6.375 9/26/2031 GBP 275 BBB- Ba1 59.75

ENTERPRISE PRODUCTS OPER 7.034 1/15/2068 USD 682.7 BB Ba1 77.50

ENTERPRISE PRODUCTS OPER 8.375 8/1/2066 USD 550 BB Ba1 82.25

ESTERLINE TECHNOLOGIES 7.75 6/15/2013 USD 175 B+ B1 98.25

ESTERLINE TECHNOLOGIES C 6.625 3/1/2017 USD 175 BB Ba2 93.75

ETHAN ALLEN GLOBAL INC 5.375 10/1/2015 USD 198 BB Ba1 90.75

EVRAZ GROUP SA 8.25 11/10/2015 USD 750 BB- B1 /*- 83.25



EXIDE TECHNOLOGIES 10.5 3/15/2013 USD 290 B- B3 84.00

EXPEDIA INC 7.456 8/15/2018 USD 499.988 BB Ba2 98.50

EXPEDIA INC 8.5 7/1/2016 USD 400 BB Ba2 98.00

FAIRFAX MEDIA GROUP FINA 6.25 6/15/2012 EUR 350 BB+ #N/A N/A 81.50

FELCOR LODGING LP 9 6/1/2011 USD 300 B /*- B2 89.75

FERRELLGAS LP/FINANCE 6.75 5/1/2014 USD 250 B+ Ba3 90.00

FERRELLGAS PARTNERS LP 6.75 5/1/2014 USD 200 B+ Ba3 90.00

FERRELLGAS PARTNERS LP 8.75 6/15/2012 USD 268 B- B2 96.50

FIRST DATA CORPORATION 4.5 6/15/2010 USD 13.128 NR Caa2 95.75




FIRST DATA CORPORATION 9.875 9/24/2015 USD 1550 B- Caa1 72.50

FIRST DATA CORPORATION 9.875 9/24/2015 USD 2200 B- Caa1 72.50

FIRST DATA CORPORATION 10.55 9/24/2015 USD 3180.14 B- Caa1 60.00

FIRST DATA CORPORATION 11.25 3/31/2016 USD 2500 CCC+ Caa2 60.50

FLEXTRONICS INTL LTD 6.25 11/15/2014 USD 302.172 BB- Ba2 95.00

FLEXTRONICS INTL LTD 6.5 5/15/2013 USD 299.806 BB- Ba2 97.00

FLORIDA POWER & LIGHT 5.85 2/1/2033 USD 200 NR Aa3 98.50

FMC FINANCE III SA 6.875 7/15/2017 USD 500 BB+ Ba2 95.50

FMG FINANCE PTY LTD 9.75 9/1/2013 EUR 298.8 B+ B1 /*- 95.50

FMG FINANCE PTY LTD 10 9/1/2013 USD 317.5 B+ B1 /*- 99.50

FMG FINANCE PTY LTD 10.625 9/1/2016 USD 1026 B+ B1 /*- 101.25

FOOT LOCKER INC 8.5 1/15/2022 USD 123 BB- B1 88.50

FOUNDATION PA COAL CO 7.25 8/1/2014 USD 298.285 B /*+ Ba3 /*- 99.50

FPL ENERGY VIRGINIA FDG 7.52 6/30/2019 USD 189.15 BBB- Ba1 96.50

FREEPORT-MCMORAN C & G 8.25 4/1/2015 USD 1500 BBB- Ba2 105.00

FREEPORT-MCMORAN C & G 8.375 4/1/2017 USD 3500 BBB- Ba2 105.50

FRESENIUS MED CAP TR IV 7.875 6/15/2011 USD 224.44 BB Ba3 104.00

FRESENIUS MED CAP TR V 7.375 6/15/2011 EUR 299.849 BB Ba3 107.50

FRONTIER COMMUNICATIONS 8.25 5/1/2014 USD 600 BB Ba2 /*+ 99.75

FRONTIER OIL CORP 6.625 10/1/2011 USD 150 BB Ba3 100.00

FRONTIER OIL CORP 8.5 9/15/2016 USD 200 BB Ba3 102.50

FTI CONSULTING 7.625 6/15/2013 USD 200 BB- Ba2 99.50

FTI CONSULTING INC 7.75 10/1/2016 USD 215 BB- Ba2 99.25

GANNETT CO INC 5.75 6/1/2011 USD 433.432 B+ Ba2 /*- 82.00

GANNETT CO INC 6.375 4/1/2012 USD 306.571 B+ Ba2 /*- 76.75

GARDNER DENVER 8 5/1/2013 USD 125 BB B1 90.25

GC IMPSAT HLDGS I PLC 9.875 2/15/2017 USD 225 B- B2 88.50

GENCORP INC 9.5 8/15/2013 USD 97.5 CCC- B1 74.50

GENENTECH INC 4.75 7/15/2015 USD 993.32 AA- WR 106.25

GENENTECH INC 5.25 7/15/2035 USD 500 AA- WR 96.75

GENERAL CABLE CORP 7.125 4/1/2017 USD 200 B+ B1 91.75

GEO GROUP INC 8.25 7/15/2013 USD 150 BB- B1 99.00

GIBRALTAR INDUSTRIES INC 8 12/1/2015 USD 204 B- B3 78.25

GLOBAL CASH ACC/FINANCE 8.75 3/15/2012 USD 152.75 B B3 95.50

GOODYEAR TIRE & RUBBER 7 3/15/2028 USD 150 B+ B2 78.50

GOODYEAR TIRE & RUBBER 7.857 8/15/2011 USD 650 B+ B2 99.00

GOODYEAR TIRE & RUBBER 9 7/1/2015 USD 260 B+ B1 100.75

GOODYEAR TIRE & RUBBER C 8.625 12/1/2011 USD 325 B+ B1 100.75

GOODYEAR TIRE & RUBBER C 10.5 5/15/2016 USD 1000 B+ B1 104.50

GRAHAM PACKAGING CO 8.5 10/15/2012 USD 245 CCC+ Caa1 98.00

GRAHAM PACKAGING CO 9.875 10/15/2014 USD 375 CCC+ Caa1 93.25

GREAT ATLANTIC & PAC TEA 9.125 12/15/2011 USD 26.84 NR Caa1 87.75

GREAT LAKES DREDGE&DOCK 7.75 12/15/2013 USD 175 B- Caa1 87.00

GREENBRIER COMPANIES INC 8.375 5/15/2015 USD 235 CCC /*- Caa1 66.50

GREIF INC 6.75 1/2/2017 USD 300 BB+ Ba2 94.50

GROHE HOLDING GMBH 8.625 10/1/2014 EUR 335 CCC Caa1 59.50

GROUP 1 AUTOMOTIVE INC 8.25 8/15/2013 USD 74.6 B- B3 86.50

GSC HOLDINGS CORP 8 10/1/2012 USD 499.235 BB+ Ba1 102.00

GULFMARK OFFSHORE INC 7.75 7/15/2014 USD 160 BB- B1 92.50

H&E EQUIPMENT SERVICES 8.375 7/15/2016 USD 250 BB- B3 82.50

HANGER ORTHOPEDIC GROUP 10.25 6/1/2014 USD 175 B- Caa1 104.75

HARRAHS OPERATING CO INC 5.375 12/15/2013 USD 212.767 CCC- Ca 47.50





HARRAHS OPERATING CO INC 8 2/1/2011 USD 50.559 CCC- Ca 96.00

HARRAHS OPERATING CO INC 10 12/15/2015 USD 188.153 CCC- #N/A N/A 63.25




HARRAHS OPERATING ESCROW 11.25 6/1/2017 USD 1375 B Caa1 96.25

HARVEST OPERATIONS CORP 7.875 10/15/2011 USD 250 CCC+ Caa1 85.50

HAWK CORP 8.75 11/1/2014 USD 87.1 B B3 101.50

HCA INC 5.75 3/15/2014 USD 500 B- Caa1 86.50

HCA INC 6.25 2/15/2013 USD 500 B- Caa1 91.50

HCA INC 6.3 10/1/2012 USD 500 B- Caa1 95.00

HCA INC 6.375 1/15/2015 USD 750 B- Caa1 86.50

HCA INC 6.5 2/15/2016 USD 1000 B- Caa1 87.00

HCA INC 6.75 7/15/2013 USD 500 B- Caa1 91.50

HCA INC 6.95 5/1/2012 USD 402.499 B- Caa1 95.25

HCA INC 7.05 12/1/2027 USD 150 B- Caa1 62.75

HCA INC 7.19 11/15/2015 USD 150 B- Caa1 79.00

HCA INC 7.5 12/15/2023 USD 135.645 B- Caa1 66.00

HCA INC 7.5 11/6/2033 USD 250 B- Caa1 63.00

HCA INC 7.5 11/15/2095 USD 200 B- Caa1 54.25

HCA INC 7.58 9/15/2025 USD 125 B- Caa1 62.50

HCA INC 7.69 6/15/2025 USD 291.436 B- Caa1 62.25

HCA INC 7.75 7/15/2036 USD 100 B- Caa1 61.25

HCA INC 7.875 2/1/2011 USD 273.321 B- Caa1 100.50

HCA INC 8.36 4/15/2024 USD 150 B- Caa1 68.00

HCA INC 8.5 4/15/2019 USD 1500 BB Ba3 102.25

HCA INC 8.7 2/10/2010 USD 121.18 B- Caa1 102.75

HCA INC 8.75 9/1/2010 USD 440.02 B- Caa1 101.75

HCA INC 8.75 11/1/2010 GBP 150 B- Caa1 100.50

HCA INC 9 12/15/2014 USD 121.11 B- Caa1 85.00

HCA INC 9.125 11/15/2014 USD 998.99 BB- B2 104.25

HCA INC 9.25 11/15/2016 USD 3199.5 BB- B2 104.00

HCA INC 9.625 11/15/2016 USD 1575.1833125 BB- B2 103.25

HCA INC 9.875 2/15/2017 USD 310 BB- B2 105.00

HEALTH MANAGEMENT ASSOC 6.125 4/15/2016 USD 400 BB- #N/A N/A 87.50

HEALTH NET INC 6.375 6/1/2017 USD 400 BB- Ba3 /*- 74.50

HEALTHSOUTH CORP 8.375 10/1/2011 USD 0.3 NR WR 94.50

HEALTHSOUTH CORP 10.75 6/15/2016 USD 500.5 CCC+ Caa1 103.75

HEIDELBERGCEMENT FIN BV 5.625 1/4/2018 EUR 480 CCC+ B3 69.50

HEIDELBERGCEMENT FIN BV 7.625 1/25/2012 EUR 1000 CCC+ B3 86.50

HELIX ENERGY SOLUTIONS 9.5 1/15/2016 USD 550 B+ B3 /*- 90.50

HEXCEL CORP 6.75 2/1/2015 USD 225 B+ B1 91.00

HEXION US FIN/NOVA SCOTI 9.75 11/15/2014 USD 533 CCC Caa1 56.50

HIGHWOODS REALTY LP 7.5 4/15/2018 USD 200 BBB- Ba1 91.00

HOLLY ENERGY PARTNERS LP 6.25 3/1/2015 USD 185 B+ B1 88.00

HOPSON DEVELOPMENT HLDGS 8.125 11/9/2012 USD 350 B+ B3 80.00

HOST HOTELS & RESORTS LP 6.875 11/1/2014 USD 500 BB+ #N/A N/A 89.50

HOST HOTELS & RESORTS LP 9 5/15/2017 USD 400 BB+ Ba1 98.25

HOST MARRIOTT LP 6.375 3/15/2015 USD 650 BB+ Ba1 88.50


HOST MARRIOTT LP 7 8/15/2012 USD 350 BB+ Ba1 99.00


HSN 11.25 8/1/2016 USD 240 BB- Ba3 95.00

IESY REPOSITORY GMBH 8.75 2/15/2015 EUR 215 B+ B2 102.50

IESY REPOSITORY GMBH 10.125 2/15/2015 EUR 235 B+ B2 105.00

IESY REPOSITORY GMBH 10.375 2/15/2015 USD 151 B+ B2 103.00

INDIANA BELL TEL CO INC 7.3 8/15/2026 USD 150 A WR 111.00

INERGY LP/INERGY FIN 6.875 12/15/2014 USD 424.85 B+ B1 93.50

INERGY LP/INERGY FIN 8.25 3/1/2016 USD 400 B+ B1 97.50

INERGY LP/INERGY FIN 8.75 3/1/2015 USD 225 B+ B1 100.50

INTERFACE INC 9.5 2/1/2014 USD 135 B- B3 92.75

INTERFACE INC 11.375 11/1/2013 USD 150 BB- B1 105.25

INTERLINE BRANDS INC 8.125 6/15/2014 USD 150.7 B+ B3 99.75

INTERNATIONAL COAL GROUP 10.25 7/15/2014 USD 175 CCC Caa3 72.00

INTERPUBLIC GROUP CO INC 6.25 11/15/2014 USD 350 B+ Ba3 92.00

INTERPUBLIC GROUP COS 7.25 8/15/2011 USD 36.255 B+ Ba3 102.50

INTERPUBLIC GROUP COS 10 7/15/2017 USD 600 B+ Ba3 104.75

INTERTAPE POLYMER US INC 8.5 8/1/2014 USD 125 CCC- Caa1 46.75

INTERVAL ACQUISITION COR 9.5 9/1/2016 USD 300 #N/A N/A B1 105.50

INVACARE CORP 9.75 2/15/2015 USD 175 B+ B2 102.50

INVERNESS MEDICAL INNOV 9 5/15/2016 USD 400 B- B3 98.50

IPALCO ENTERPRISES INC 7.25 4/1/2016 USD 400 BB Ba1 98.50

IPALCO ENTERPRISES INC 8.625 11/14/2011 USD 375 BB Ba1 104.00

IRON MOUNTAIN INC 6.625 1/1/2016 USD 320 B+ B2 92.50

IRON MOUNTAIN INC 6.75 10/15/2018 EUR 225 B+ B2 90.50

IRON MOUNTAIN INC 7.25 4/15/2014 GBP 150 B+ B2 96.00

IRON MOUNTAIN INC 7.75 1/15/2015 USD 439.3 B+ B2 99.25

IRON MOUNTAIN INC 8 6/15/2020 USD 300 B+ B2 97.00

IRON MOUNTAIN INC 8.75 7/15/2018 USD 200 B+ B2 102.50

ISLE OF CAPRI CASINOS 7 3/1/2014 USD 357.2 CCC+ Caa1 85.00

ITV PLC 5.375 10/19/2015 GBP 325 BB- Ba3 72.50

ITV PLC 6 10/3/2011 EUR 231.613 BB- Ba3 97.50

ITV PLC 7.375 1/5/2017 GBP 250 BB- Ba3 75.50

JABIL CIRCUIT INC 5.875 7/15/2010 USD 300 BB+ Ba1 100.00

JABIL CIRCUIT INC 8.25 3/15/2018 USD 400 BB+ Ba1 94.50

JO-ANN STORES INC 7.5 3/1/2012 USD 50.5 B- B3 99.50

JOHNSONDIVERSEY INC 9.625 5/15/2012 EUR 224.972 B B2 92.50

JOHNSONDIVERSEY INC 9.625 5/15/2012 USD 300 B B2 101.50

JONES APPAREL GROUP 5.125 11/15/2014 USD 250 B+ Ba3 83.50

JONES APPAREL GROUP 6.125 11/15/2034 USD 250 B+ Ba3 64.50

KABEL DEUTSCHLAND GMBH 10.625 7/1/2014 USD 609.9 B B2 105.25

KABEL DEUTSCHLAND GMBH 10.75 7/1/2014 EUR 248.35 B B2 104.50

KEY ENERGY SERVICES INC 8.375 12/1/2014 USD 425 BB- B1 90.50

KI HOLDINGS INC 0 11/15/2014 USD 203 B- B2 91.50

KOPPERS INC 9.875 10/15/2013 USD 218.3 B+ Ba3 100.50

LANDRY'S RESTAURANT INC 14 8/15/2011 USD 295.5 B B3 99.00

LBI MEDIA INC 8.5 8/1/2017 USD 228.775 CCC Caa2 55.00

LEAR CORP 5.75 8/1/2014 USD 400 D WR 41.25

LEAR CORP 8.5 12/1/2013 USD 298 D WR 41.25

LEAR CORP 8.75 12/1/2016 USD 589.925 D WR 41.50

LENDER PROCESS SERVICES 8.125 7/1/2016 USD 375 BB+ Ba2 101.00

LESLIE'S POOLMART 7.75 2/1/2013 USD 170 B- B2 98.00

LEVEL 3 FINANCING INC 8.75 2/15/2017 USD 699.95 CCC Caa1 84.00



LEVI STRAUSS & CO 8.625 4/1/2013 EUR 248.7 B+ B2 94.00

LEVI STRAUSS & CO 8.875 4/1/2016 USD 350 B+ B2 97.50

LEVI STRAUSS & CO 9.75 1/15/2015 USD 446.16 B+ B2 99.25

LIGHTHOUSE INTL CO SA 8 4/30/2014 EUR 1300 BB- B3 51.50

LIMITED BRANDS INC 5.25 11/1/2014 USD 500 BB /*- Ba3 86.00



LIMITED BRANDS INC 6.95 3/1/2033 USD 349.485 BB /*- Ba3 69.00


LIMITED BRANDS INC 8.5 6/15/2019 USD 500 BB Ba2 95.25

LOTTOMATICA SPA 8.25 3/31/2066 EUR 750 BB Ba3 82.50

LOUIS NO1 PLC 8.5 12/1/2014 EUR 492.5 CC Caa2 39.00

LOUIS NO1 PLC 10 12/1/2016 EUR 202.015625 CC Ca 32.00

LPG INTERNATIONAL INC 7.25 12/20/2015 USD 246 BB+ #N/A N/A 103.25

M T R GAMING GROUP INC 9 6/1/2012 USD 125 CCC /*- Caa2 76.50

MACYS RETAIL HLDGS INC 5.35 3/15/2012 USD 1100 BB Ba2 94.00

MACYS RETAIL HLDGS INC 5.75 7/15/2014 USD 496.475 BB Ba2 87.25











MACYS RETAIL HLDGS INC 7 2/15/2028 USD 300 BB Ba2 74.50









MACYS RETAIL HLDGS INC 8 7/15/2012 USD 200 BB Ba2 97.75





MARQUEE HOLDINGS INC 12 8/15/2014 USD 304 CCC+ Caa1 82.00

MARRIOTT CORP 10 5/1/2012 USD 6.627 #N/A N/A Ba1 98.75

MASCO CORP 4.8 6/15/2015 USD 500 BBB Ba2 80.75





MASCO CORP 6.625 4/15/2018 USD 114.04 BBB Ba2 80.50



MASSEY ENERGY CO 6.875 12/15/2013 USD 760 BB- B2 94.75

MCMORAN EXPLORATION CO 11.875 11/15/2014 USD 300 B Caa1 87.25

MEADWESTVACO CORP 6.8 11/15/2032 USD 76.079 BBB Ba1 77.50

MEADWESTVACO CORP 6.85 4/1/2012 USD 632.875 BBB Ba1 103.25

MERCER INTL INC 9.25 2/15/2013 USD 310 CC Caa2 /*- 43.00

MICHAELS STORES INC 0 11/1/2016 USD 469.449 CCC Caa3 41.00

MICHAELS STORES INC 10 11/1/2014 USD 750 CCC Caa2 85.50

MICHAELS STORES INC 11.375 11/1/2016 USD 399.903 CCC Caa3 71.75

MICHIGAN BELL TELEPHONE 7.85 1/15/2022 USD 200 A WR 104.50

MILLIPORE CORP 5.875 6/30/2016 EUR 250 BBB Ba2 90.00

MIRANT AMERICAS GENR INC 8.3 5/1/2011 USD 535 B- B3 101.25

MIRANT AMERICAS GENR LLC 8.5 10/1/2021 USD 450 B- B3 82.50

MIRANT AMERICAS GENR LLC 9.125 5/1/2031 USD 400 B- B3 75.50

MIRANT NORTH AMERICA LLC 7.375 12/31/2013 USD 849.965 B- B1 98.25

MOBILE MINI INC 6.875 5/1/2015 USD 148.995 B+ B2 85.50

MOBILE SVCS/STORAGE GRP 9.75 8/1/2014 USD 200 B+ B2 98.00

MOBILE TELESYSTEMS FIN 8 1/28/2012 USD 400 BB /*- Ba2 99.50

MOBILE TELESYSTEMS FIN 8.375 10/14/2010 USD 400 BB /*- Ba2 102.50

MOHAWK INDUSTRIES INC 6.25 1/15/2011 USD 500 BB+ Ba1 98.50



MOL HUNGARIAN OIL & GAS 3.875 10/5/2015 EUR 750 BB+ #N/A N/A 66.75

MOOG INC 6.25 1/15/2015 USD 200 B+ Ba3 92.50

MOOG INC 7.25 6/15/2018 USD 200 B+ Ba3 93.50

MUELLER WATER PRODUCTS 7.375 6/1/2017 USD 420 CCC+ Caa1 72.00

NALCO CO 8.25 5/15/2017 USD 500 BB- Ba2 102.75

NALCO COMPANY 7.75 11/15/2011 EUR 200 BB- Ba2 101.00

NALCO COMPANY 7.75 11/15/2011 USD 190 BB- Ba2 101.75

NALCO COMPANY 8.875 11/15/2013 USD 465 B B2 103.25

NALCO COMPANY 9 11/15/2013 EUR 200 B B2 102.50

NALCO FIN HOLDINGS INC 9 2/1/2014 USD 460.819 B B2 98.00

NATIONAL MENTOR HOLDINGS 11.25 7/1/2014 USD 180 CCC+ Caa1 87.00

NATIONAL SEMICONDUCTOR 6.15 6/15/2012 USD 375 BB+ Baa1 101.50

NATIONAL SEMICONDUCTOR 6.6 6/15/2017 USD 375 BB+ Baa1 96.25

NAVIOS MARITIME HOLDINGS 9.5 12/15/2014 USD 300 B+ B3 84.75

NAVISTAR INTERNATIONAL 7.5 6/15/2011 USD 15.626 NR WR 98.25

NBTY INC 7.125 10/1/2015 USD 189.445 BB B1 95.25

NEBRASKA BOOK CO 8.625 3/15/2012 USD 175 CCC Caa1 76.50

NEIMAN MARCUS GROUP INC 7.125 6/1/2028 USD 125 BB- B3 64.50

NEIMAN MARCUS GROUP INC 9 10/15/2015 USD 734.54046875 B- Caa2 63.50

NEIMAN MARCUS GROUP INC 10.375 10/15/2015 USD 499.95 CCC+ Caa3 62.00

NEW WORLD RESOURCES BV 7.375 5/15/2015 EUR 300 B B3 73.50

NEWMARKET CORP 7.125 12/15/2016 USD 150 BB- Ba3 91.50

NEXANS SA 5.75 5/2/2017 EUR 350 BB+ #N/A N/A 90.00

NGC CORP CAPITAL TRUST 8.316 6/1/2027 USD 200 CCC Caa1 48.00

NOBLE GROUP LTD 6.625 3/17/2015 USD 680 BB+ Ba1 89.00

NOBLE GROUP LTD 8.5 5/30/2013 USD 500 BB+ Ba1 99.00

NORAMPAC INC 6.75 6/1/2013 USD 250 B+ Ba3 87.75

NORCRAFT COS/FINANCE 9 11/1/2011 USD 148 B+ Ba3 100.50

NORTH AMER ENERGY PARTNR 8.75 12/1/2011 USD 200 B+ B3 89.50

NORTHERN TELECOM CAPITAL 7.875 6/15/2026 USD 150 NR WR 34.00

NPC INTERNATIONAL INC 9.5 5/1/2014 USD 175 CCC+ Caa1 93.25

NRG ENERGY INC 7.25 2/1/2014 USD 1200 BB- /*+ B1 /*+ 98.75




OFFICE MAX INC 7.35 2/1/2016 USD 17.966 B B2 64.50

OLIN CORP 6.75 6/15/2016 USD 124.983 BB+ Ba1 94.50

OMNICARE INC 6.125 6/1/2013 USD 250 B+ B1 93.00



OVERSEAS SHIPHLDG GROUP 7.5 2/15/2024 USD 146 BB Ba1 69.50

OVERSEAS SHIPHLDG GROUP 8.75 12/1/2013 USD 74.473 BB Ba1 93.50

OWENS & MINOR INC. 6.35 4/15/2016 USD 200 BBB- Ba2 89.50

OWENS CORNING INC 6.5 12/1/2016 USD 650 BBB- Ba1 88.50

OWENS CORNING INC 7 12/1/2036 USD 548 BBB- Ba1 73.25

OWENS CORNING INC 9 6/15/2019 USD 350 BBB- Ba1 100.00

OWENS-ILLINOIS INC 7.5 5/15/2010 USD 28.1 NR B2 104.50

OWENS-ILLINOIS INC 7.8 5/15/2018 USD 250 B+ B2 96.00

OXFORD INDUSTRIES INC 11.375 7/15/2015 USD 150 BB- B1 103.00

P.H. GLATFELTER 7.125 5/1/2016 USD 200 BB+ Ba2 93.00

PACIFIC BELL 7.25 11/1/2027 USD 100 A WR 102.25

PACIFIC BELL 7.375 7/15/2043 USD 300 A WR 100.50

PAETEC HOLDING CORP 8.875 6/30/2017 USD 350 B B1 95.50

PAETEC HOLDING CORP 9.5 7/15/2015 USD 300 CCC+ Caa1 87.00

PARKER DRILLING CO 9.625 10/1/2013 USD 224.65 B+ B2 95.00

PARK-OHIO INDUSTRIES INC 8.375 11/15/2014 USD 196.985 CCC+ Caa2 52.75

PAYLESS SHOESOURCE INC 8.25 8/1/2013 USD 198 B- B3 95.50

PEABODY ENERGY CORP 5.875 4/15/2016 USD 218.09 BB+ Ba1 89.50

PEABODY ENERGY CORP 6.875 3/15/2013 USD 650 BB+ Ba1 101.75



PECO ENERGY CAP TRST III 7.38 4/6/2028 USD 78.105 BB+ /*- Baa1 /*- 80.50

PECO ENERGY CAP TRST IV 5.75 6/15/2033 USD 100 BB+ /*- Baa1 /*- 72.25

PENN NATIONAL GAMING INC 6.75 3/1/2015 USD 250 BB- B1 92.75

PENN NATIONAL GAMING INC 6.875 12/1/2011 USD 200 BB- B1 99.50

PERRY ELLIS INTL INC 8.875 9/15/2013 USD 150 B- /*- B3 85.50

PHILIPPINE LONG DIST TEL 8.35 3/6/2017 USD 300 BB+ Ba2 109.50

PHILLIPS VAN-HEUSEN 7.25 2/15/2011 USD 150 BB+ Ba3 101.00

PHILLIPS VAN-HEUSEN 8.125 5/1/2013 USD 150 BB+ Ba3 101.25

POLYONE CORP 8.875 5/1/2012 USD 280 B- B1 87.75

POLYPORE INC 8.75 5/15/2012 EUR 150 B- B3 88.00

POLYPORE INC 8.75 5/15/2012 USD 225 B- B3 91.50

PPL CAPITAL FUNDING INC 6.7 3/30/2067 USD 500 BB+ Baa3 75.75

PRESTIGE BRANDS INC 9.25 4/15/2012 USD 126 B- B3 102.50

PRIDE INTERNATIONAL INC 7.375 7/15/2014 USD 500 BBB- Ba1 101.25

PRIDE INTERNATIONAL INC 8.5 6/15/2019 USD 500 BBB- Ba1 103.50

PSEG ENERGY HOLDINGS 8.5 6/15/2011 USD 495 BB- Ba3 102.50

PSYCHIATRIC SOLUTIONS 7.75 7/15/2015 USD 470 B- B3 94.25

PSYCHIATRIC SOLUTIONS IN 7.75 7/15/2015 USD 120 B- B3 91.75

QUEBECOR MEDIA 7.75 3/15/2016 USD 525 B B2 94.00

QUEBECOR MEDIA 7.75 3/15/2016 USD 700 B B2 94.00

QUIKSILVER INC 6.875 4/15/2015 USD 400 CCC /* Caa1 62.25

QWEST CAPITAL FUNDING 6.5 11/15/2018 USD 174.411 B+ B1 78.00






QWEST COMMUNICATIONS INT 7.25 2/15/2011 USD 522.61 B+ Ba3 99.50

QWEST COMMUNICATIONS INT 7.5 2/15/2014 USD 499.65 B+ Ba3 95.50

QWEST COMMUNICATIONS INT 7.5 2/15/2014 USD 798 B+ Ba3 95.50

RADIO ONE INC 6.375 2/15/2013 USD 200 CCC- Caa3 32.25

RADIOSHACK CORP 7.375 5/15/2011 USD 347 BB Ba1 103.25

RAINBOW NATL SRVCS LLC 8.75 9/1/2012 USD 300 BB Ba3 102.50

REALOGY CORP 10.5 4/15/2014 USD 1699.9 C Ca 44.50

REALOGY CORP 11 4/15/2014 USD 616.52335938 C Ca 34.50

REALOGY CORP 12.375 4/15/2015 USD 804.99 C Ca 30.50

REDDY ICE HOLDINGS INC 10.5 11/1/2012 USD 150.415 CCC+ Caa1 66.00

REGAL CINEMAS INC 9.375 2/1/2012 USD 51.5 B- WR 99.00

REMY COINTREAU S.A. 5.2 1/15/2012 EUR 192.368 BB- Ba2 99.50

REXAM PLC 6.75 6/29/2067 EUR 750 BB Ba2 72.50

RIDDELL BELL HOLDINGS 8.375 10/1/2012 USD 140 CCC Caa1 89.25

RITE AID CORP 6.875 8/15/2013 USD 184.773 CCC Ca 67.50

RITE AID CORP 6.875 12/15/2028 USD 128 CCC Ca 42.50

RITE AID CORP 7.5 3/1/2017 USD 500 B- Caa2 81.50

RITE AID CORP 7.7 2/15/2027 USD 295 CCC Ca 42.50

RITE AID CORP 8.625 3/1/2015 USD 500 CCC Caa3 67.50

RITE AID CORP 9.375 12/15/2015 USD 410 CCC Caa3 67.50

RITE AID CORP 9.5 6/15/2017 USD 808.71 CCC Caa3 67.00

RITE AID CORP 9.75 6/12/2016 USD 410 B+ B3 102.75

RITE AID CORP 10.375 7/15/2016 USD 470 B- Caa2 93.25

ROCK-TENN CO 5.625 3/15/2013 USD 100 BB+ Ba3 91.25

ROCK-TENN CO 9.25 3/15/2016 USD 100 BB- Ba3 103.00

ROCK-TENN CO 9.25 3/15/2016 USD 200 BB- Ba3 103.00

ROCK-TENN COMPANY 8.2 8/15/2011 USD 156.7 BB+ Ba3 102.50

ROHM & HAAS COMPANY 3.5 9/19/2012 EUR 252.781 BBB- Ba1 91.50

ROHM & HAAS COMPANY 7.85 7/15/2029 USD 881.79 BBB- Ba1 87.00

RURAL/METRO CORP 9.875 3/15/2015 USD 125 B B2 91.50

RURAL/METRO HOLDING CO 0 3/15/2016 USD 93.5 CCC+ Caa1 72.50

RUSSEL METALS INC 6.375 3/1/2014 USD 175 BB Ba2 82.50

SABIC INNOVATIVE PLAST 9.5 8/15/2015 USD 1500 B+ B1 108.00

SAFILO CAPITAL INTL SA 9.625 5/15/2013 EUR 195 C C 39.50

SAKS INCORPORATED 7.375 2/15/2019 USD 1.911 NR Caa1 75.75

SAKS INCORPORATED 7.5 12/1/2010 USD 45.872 B- Caa1 91.00

SAKS INCORPORATED 9.875 10/1/2011 USD 141.557 B- Caa1 99.75

SALLY HOLDINGS LLC 9.25 11/15/2014 USD 430 B B3 101.50

SALLY HOLDINGS LLC 10.5 11/15/2016 USD 280 B- Caa1 101.50

SANMINA-SCI CORP 6.75 3/1/2013 USD 400 CCC B3 80.50

SANMINA-SCI CORP 8.125 3/1/2016 USD 600 CCC B3 75.50

SCIENTIFIC GAMES CORP 6.25 12/15/2012 USD 200 BB- Ba3 97.25

SCIENTIFIC GAMES CORP 7.875 6/15/2016 USD 200 BB- Ba3 97.00

SCIENTIFIC GAMES INTERNA 9.25 6/15/2019 USD 225 BB- Ba3 102.00

SEAGATE TECHNOLOGY HDD H 6.375 10/1/2011 USD 600 B+ Ba3 98.25

SEAGATE TECHNOLOGY HDD H 6.8 10/1/2016 USD 600 B+ Ba3 92.00

SEAGATE TECHNOLOGY INTL 10 5/1/2014 USD 430 BB+ Ba1 107.50

SEALED AIR CORP 5.625 7/15/2013 USD 400 BB+ Baa3 92.50



SEALY MATTRESS CO 8.25 6/15/2014 USD 274 CCC+ Caa1 86.50

SEALY MATTRESS CO 10.875 4/15/2016 USD 350 BB- Ba3 108.50

SELECT MEDICAL CORP 7.625 2/1/2015 USD 660 CCC B3 83.25

SENECA GAMING CORP 7.25 5/1/2012 USD 200 BB Ba2 89.00

SENECA GAMING CORP 7.25 5/1/2012 USD 300 BB Ba2 89.00

SENSATA TECHNOLOGIES BV 8 5/1/2014 USD 340.006 CCC- Caa3 62.00

SENSATA TECHNOLOGIES BV 9 5/1/2016 EUR 187.299 CCC- Ca 45.50

SERVICE CORP INTL 6.75 4/1/2015 USD 180.25 BB- B1 93.00


SERVICE CORP INTL 7 6/15/2017 USD 295 BB- B1 92.50

SERVICE CORP INTL 7.375 10/1/2014 USD 250 BB- B1 96.00


SERVICE CORP INTL 7.625 10/1/2018 USD 250 BB- B1 95.50

SERVICEMASTER COMPANY 7.1 3/1/2018 USD 79.475 CCC+ Caa1 63.00

SERVICEMASTER COMPANY 7.25 3/1/2038 USD 82.65 CCC+ Caa1 52.50

SERVICEMASTER COMPANY 7.45 8/15/2027 USD 195 CCC+ Caa1 54.50

SERVICEMASTER COMPANY 10.75 7/15/2015 USD 1150 B- B3 81.50

SESI LLC 6.875 6/1/2014 USD 300 BB+ B1 94.25

SGS INTERNATIONAL INC 12 12/15/2013 USD 200 B- B3 67.50

SHIP FINANCE INTL LTD 8.5 12/15/2013 USD 449.08 B+ B1 85.50

SILGAN HOLDINGS INC 6.75 11/15/2013 USD 200 BB- B1 98.00

SILGAN HOLDINGS INC 7.25 8/15/2016 USD 250 BB+ Ba3 98.25

SINCLAIR BROADCAST GROUP 8 3/15/2012 USD 235.6 B- /*- Caa2 /*- 65.50

SISTEMA CAPITAL SA 8.875 1/28/2011 USD 350 BB /*- B2 99.00

SITHE/INDEPENDENCE FNDG 9 12/30/2013 USD 315.50971875 B Ba2 99.75

SKILLED HEALTHCARE GROUP 11 1/15/2014 USD 130 B- Caa1 104.00

SOBEYS INC 5.79 10/6/2036 CAD 125 BB+ #N/A N/A 84.75



SONIC AUTOMOTIVE INC 8.625 8/15/2013 USD 275 CCC- Caa3 73.50

SOTHEBY'S 7.75 6/15/2015 USD 150 B Ba3 /*- 78.00

SOUTHERN UNION CO 7.2 11/1/2066 USD 600 BB Ba1 71.00

SOUTHWESTERN BELL TEL CO 7 11/15/2027 USD 100 A WR 102.25

SOUTHWESTERN BELL TEL CO 7.375 7/15/2027 USD 150 A WR 97.50

SPEEDWAY MOTORSPORTS INC 6.75 6/1/2013 USD 330 B+ Ba2 97.75

SPEEDWAY MOTORSPORTS INC 8.75 6/1/2016 USD 275 BB Ba1 103.50

SPHERIS INC 11 12/15/2012 USD 125 NR Caa1 42.50

SPRINT CAPITAL CORP 6.875 11/15/2028 USD 2475 BB Ba2 71.00

SPRINT CAPITAL CORP 6.9 5/1/2019 USD 1729.407 BB Ba2 85.50


SPRINT CAPITAL CORP 8.375 3/15/2012 USD 1999.98 BB Ba2 100.50


SPRINT NEXTEL CORP 6 12/1/2016 USD 2000 BB Ba2 85.25

SPRINT NEXTEL CORP 9.25 4/15/2022 USD 200 BB Ba2 83.00

SPX CORP 7.625 12/15/2014 USD 500 BB Ba2 99.75

STANADYNE CORP 10 8/15/2014 USD 160 CCC Caa1 80.00

STANADYNE HOLDINGS INC 0 2/15/2015 USD 100 CCC- Caa3 48.50

STAR GAS PARTNER/FINANCE 10.25 2/15/2013 USD 165.3 CCC+ #N/A N/A 98.50

STARWOOD HOTELS & RESORT 6.25 2/15/2013 USD 600 BB Ba1 95.50



STARWOOD HOTELS RESORTS 7.875 5/1/2012 USD 799.99 BB Ba1 100.50

STATER BROTHERS HLDGS 7.75 4/15/2015 USD 285 B+ B2 97.50

STATER BROTHERS HLDGS 8.125 6/15/2012 USD 525 B+ B2 101.50

STEEL CAP (SEVERSTAL) 9.75 7/29/2013 USD 1250 BB- Ba3 85.00

STEEL DYNAMICS INC 6.75 4/1/2015 USD 500 BB+ Ba2 91.50

STEEL DYNAMICS INC 7.375 11/1/2012 USD 699.95 BB+ Ba2 96.00

STEEL DYNAMICS INC 8.25 4/15/2016 USD 500 BB+ Ba2 96.00

STEINWAY MUSICAL INSTRUM 7 3/1/2014 USD 158.35 B B3 79.50

STERLING CHEMICALS INC 10.25 4/1/2015 USD 150 B-e B2 93.50

STEWART & STEVENSON LLC 10 7/15/2014 USD 150 B- B3 82.50

STEWART ENTERPRISES 6.25 2/15/2013 USD 200 BB- Ba3 95.50

STRATOS GLOBAL CORPORATI 9.875 2/15/2013 USD 86.8 B+ /*+ B3 102.00

SUBURBAN PROPANE PARTNRS 6.875 12/15/2013 USD 425 B+ B1 95.50

SUN HEALTHCARE GROUP INC 9.125 4/15/2015 USD 200 CCC+ B3 101.50

SUNGARD DATA SYSTEMS INC 4.875 1/15/2014 USD 250 BB B3 91.25

SUNGARD DATA SYSTEMS INC 9.125 8/15/2013 USD 1599.95 B Caa1 99.50

SUNGARD DATA SYSTEMS INC 10.25 8/15/2015 USD 1000 B- Caa1 96.00

SUNGARD DATA SYSTEMS INC 10.625 5/15/2015 USD 500 B Caa1 103.00

SWIFT ENERGY CO 7.125 1/6/2017 USD 250 B+ B3 73.00

SWIFT ENERGY CO 7.625 7/15/2011 USD 150 B+ B3 97.50

TARGA RESOURCES INC 8.5 11/1/2013 USD 250 CCC+ B3 82.50

TARGA RESOURCES PARTNERS 8.25 7/1/2016 USD 209.08 Be B2 87.50

TECK COMINCO LIMITED 5.375 10/1/2015 USD 300 BB+ Ba2 91.50

TECK COMINCO LIMITED 6.125 10/1/2035 USD 700 BB+ Ba2 79.50

TECK COMINCO LIMITED 7 9/15/2012 USD 200 BB+ Ba2 101.00

TECK RESOURCES LIMITED 9.75 5/15/2014 USD 1315 BB+ Ba2 108.00



TELEFONICA DE ARGENTINA 8.85 8/1/2011 USD 134.644 B- B2 106.00

TELEFONICA DE ARGENTINA 9.125 11/7/2010 USD 212.507 B- B2 105.75

TEMPLE-INLAND 6.875 1/15/2018 USD 250 BBB- Ba1 92.75

TEMPLE-INLAND INC 6.625 1/15/2016 USD 250 BBB- Ba1 94.75

TEMPLE-INLAND INC 7.875 5/1/2012 USD 286.089 BBB- Ba1 101.50

TENET HEALTHCARE CORP 6.375 12/1/2011 USD 85.166 CCC+ Caa2 98.50


TENET HEALTHCARE CORP 6.875 11/15/2031 USD 449 CCC+ Caa2 62.50


TENET HEALTHCARE CORP 8.875 7/1/2019 USD 925 BB- B1 104.00

TENET HEALTHCARE CORP 9 5/1/2015 USD 699.543 BB- B1 104.25



TENET HEALTHCARE CORP 10 5/1/2018 USD 699.543 BB- B1 109.00

TENNECO AUTOMOTIVE INC 8.625 11/15/2014 USD 500 CCC Caa2 74.25

TENNECO AUTOMOTIVE INC 10.25 7/15/2013 USD 245 B B1 97.00

TENNECO INC 8.125 11/15/2015 USD 250 B- B3 81.50

TENNESSEE GAS PIPELINE 6 12/15/2011 USD 85.792 BB Baa3 99.00

TENNESSEE GAS PIPELINE 7 3/15/2027 USD 300 BB Baa3 99.25


TENNESSEE GAS PIPELINE 7.5 4/1/2017 USD 300 BB Baa3 107.75




TEPPCO PARTNERS LP 7 6/1/2067 USD 300 BB Ba1 74.75

TEREX CORP 7.375 1/15/2014 USD 298.5 BB- Ba3 93.50

TEREX CORP 8 11/15/2017 USD 800 B Caa1 78.75

TEREX CORP 10.875 6/1/2016 USD 300 BB- B2 102.75

TERRA CAPITAL INC 7 2/1/2017 USD 330 BB /* B1 92.75

TESORO CORP 6.25 11/1/2012 USD 450 BB+ Ba1 95.75




TEXAS COMP ELEC HOLD LLC 10.25 11/1/2015 USD 1999.75 CCC Caa1 64.50



THE MANITOWOC CO INC. 7.125 11/1/2013 USD 150 BB- Caa1 74.50

THERMADYNE HOLDINGS CORP 10 2/1/2014 USD 174.975 CCC Caa1 67.50

TICKETMASTER 10.75 8/1/2016 USD 300 BB- /*- Ba3 /*- 90.50

TIME WARNER TELECOM HLDG 9.25 2/15/2014 USD 400 B- B2 103.25

TOYS R US 7.375 10/15/2018 USD 400 CCC+ Caa1 73.00

TOYS R US 7.625 8/1/2011 USD 499.5 CCC+ Caa1 94.00

TOYS R US 7.875 4/15/2013 USD 400 CCC+ Caa1 84.50

TOYS R US 8.75 9/1/2021 USD 21.673 B B3 62.00

TRIMAS CORP 9.875 6/15/2012 USD 297.932 B- Caa1 88.00

TRUE MOVE CO LTD 10.375 8/1/2014 USD 225 B- B2 84.50

TRUE MOVE CO LTD 10.75 12/16/2013 USD 465 B- B2 86.50

TRW AUTOMOTIVE INC 6.375 3/15/2014 EUR 264.95 CCC+ Caa2 71.50

TRW AUTOMOTIVE INC 7 3/15/2014 USD 488 CCC+ Caa2 83.50

TRW AUTOMOTIVE INC 7.25 3/15/2017 USD 600 CCC+ Caa2 80.50

TUBE CITY IMS CORP 9.75 2/1/2015 USD 225 B- Caa1 63.25

TVN FINANCE CORP PLC 9.5 12/15/2013 EUR 235 BB- /*- Ba3 85.50

TXU CORP 7.46 1/1/2015 USD 54.90178906 CCC Caa2 37.50

TYCO INTERNATL (US) INC 8 3/1/2023 USD 7.997 BBB WR 109.25

TYCO INTERNATL (US) INC 9.5 5/1/2022 USD 10.385 BBB WR 112.50

TYSON FOODS INC 7 5/1/2018 USD 173.8 BB B2 90.25

TYSON FOODS INC 7 1/15/2028 USD 26.7 BB B2 78.25

TYSON FOODS INC 7.85 4/1/2016 USD 960.3 BB Ba3 99.00

TYSON FOODS INC 8.25 10/1/2011 USD 994.88 BB B2 104.50

TYSON FOODS INC 10.5 3/1/2014 USD 810 BB Ba3 110.50

UBS (VIMPELCOM) 8.25 5/23/2016 USD 600 BB+ Ba2 88.50

UBS (VIMPELCOM) 8.375 10/22/2011 USD 300 BB+ Ba2 100.50

UCAR FINANCE INC 10.25 2/15/2012 USD 19.906 NR Ba3 93.25

UNIFI INC 11.5 5/15/2014 USD 179.222 CCC+ Caa2 71.00

UNION CARBIDE CHEM&PLAST 7.875 4/1/2023 USD 175 BBB- Ba2 73.00

UNION CARBIDE CORP 6.79 6/1/2025 USD 11.935 BBB- Ba2 72.50

UNION CARBIDE CORP 7.5 6/1/2025 USD 150 BBB- Ba2 72.00

UNION CARBIDE CORP 7.75 10/1/2096 USD 200 BBB- Ba2 63.00

UNITED AUTO GROUP INC 7.75 12/15/2016 USD 374.875 B- /*- Caa1 /* 83.25

UNITED SURGICAL PARTNERS 8.875 5/1/2017 USD 240 CCC+ Caa1 94.00

UNITED SURGICAL PARTNERS 9.25 5/1/2017 USD 200 CCC+ Caa1 84.50

UNIVERSAL CORP 5 9/1/2011 USD 95 BBB- Ba2 97.50

UNIVERSAL CORP 5.2 10/15/2013 USD 200 BBB- Ba2 93.00

US CONCRETE INC 8.375 4/1/2014 USD 285 CCC+ B3 62.50

US ONCOLOGY INC 9.125 8/15/2017 USD 775 B Ba3 101.75

US ONCOLOGY INC 10.75 8/15/2014 USD 272.815 CCC+ B3 100.00

US STEEL CORP 5.65 1/6/2013 USD 300 BB Ba3 93.00



US STEEL CORP 7 2/1/2018 USD 500 BB Ba3 89.50

VALASSIS COMMUNICATION 8.25 3/1/2015 USD 539.925 CCC+ B3 70.50

VALEANT PHARMACEUTICALS 8.375 6/15/2016 USD 365 B+ Ba3 100.75

VALMONT INDUSTRIES INC 6.875 5/1/2014 USD 150 BB Ba2 96.50

VENTAS REALTY LP/CAP CRP 6.5 6/1/2016 USD 200 BBB- Ba1 91.25


VENTAS REALTY LP/CAP CRP 6.625 10/15/2014 USD 76.874 BBB- Ba1 95.50


VENTAS REALTY LP/CAP CRP 7.125 6/1/2015 USD 167.147 BBB- Ba1 97.75

VENTAS REALTY LP/CAP CRP 9 5/1/2012 USD 82.433 BBB- Ba1 103.00

VIDEOTRON LTEE 6.375 12/15/2015 USD 175 BB- Ba2 92.25

VIDEOTRON LTEE 6.875 1/15/2014 USD 650 BB- Ba2 96.00

VIDEOTRON LTEE 9.125 4/15/2018 USD 260 BB- #N/A N/A 103.75

VIDEOTRON LTEE 9.125 4/15/2018 USD 455 BB- Ba2e 103.75

VIP FIN (VIMPELCOM) 8.375 4/30/2013 USD 1000 BB+ (P)Ba2 94.50

VIP FIN (VIMPELCOM) 9.125 4/30/2018 USD 1000 BB+ (P)Ba2 88.25

VITERRA INC 8 4/8/2013 CAD 100 BB+ Ba1 /*- 101.50

VITERRA INC 8.5 8/1/2017 CAD 200 BB+ Ba1 /*- 104.00

VITRO S.A. DE CV 11.75 11/1/2013 USD 224.212 NR WR 39.00

VITRO SAB DE CV 9.125 2/1/2017 USD 697.628 NR WR 40.75

W & T OFFSHORE INC 8.25 6/15/2014 USD 450 B Caa1 81.50

WARNACO INC 8.875 6/15/2013 USD 160.89 BB+ Ba3 103.00

WARNER MUSIC GROUP 7.375 4/15/2014 USD 465 B B1 85.75

WARNER MUSIC GROUP 8.125 4/15/2014 GBP 83.77 B B1 71.50

WASTE SERVICES INC. 9.5 4/15/2014 USD 160 B- Caa1 96.50

WDAC SUBSIDIARY CORP 8.5 12/1/2014 EUR 395 CCC- Caa3 32.50

WENDEL 4.375 8/9/2017 EUR 700 BB #N/A N/A 69.50




WENDEL 5 2/16/2011 EUR 600 BB #N/A N/A 98.00

WENDY'S/ARBY'S REST LLC 10 7/15/2016 USD 565 B+ B2 101.25

WESCO DISTRIBUTION INC 7.5 10/15/2017 USD 150 B B1 76.50

WEST FRASER TIMBER CO 5.2 10/15/2014 USD 300 BB+ Ba1 79.50

WESTERN REFINING INC 11.25 6/15/2017 USD 325 BB- B3 87.50

WESTINGHOUSE AIR BRAKE T 6.875 7/31/2013 USD 150 BB Ba2 98.25

WIENERBERGER AG 3.875 4/25/2012 EUR 400 BB+ Ba1 92.25

WILLIAM LYON HOMES 7.5 2/15/2014 USD 102.341 CC Caa3 33.50



WILLIAMS PARTNERS LP/WIL 7.25 2/1/2017 USD 600 BBB- Ba2 93.50

WILLIAMS PARTNERS LP/WIL 7.5 6/15/2011 USD 150 BBB- Ba2 101.50

WIND ACQUISITION FIN SA 9.75 12/1/2015 EUR 950 BB- B2 100.50

WIND ACQUISITION FIN SA 10.75 12/1/2015 USD 650 BB- B2 105.00

WINDSTREAM CORP 7 3/15/2019 USD 500 BB Ba3 90.75

WINDSTREAM CORP 8.125 8/1/2013 USD 800 BB Ba3 101.50

WINDSTREAM CORP 8.625 8/1/2016 USD 1746 BB Ba3 101.00

WMG ACQUSITION CORP 9.5 6/15/2016 USD 1100 BB Ba2 104.25

WMG HOLDINGS CORP 0 12/15/2014 USD 257.9265 B B1 82.00

WYNDHAM WORLDWIDE 6 12/1/2016 USD 800 BBB- Ba2 81.75

WYNDHAM WORLDWIDE 9.875 5/1/2014 USD 250 BBB- Ba2 101.75

XEROX CAPITAL TRUST I 8 2/1/2027 USD 644.2 BB+ Baa3 79.50

1.26 10.46 755 median 3.52 1.96 4.02

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0.0 14.98 1,226 3/31/2009 1.6 1.3 7.0 Consumer, Non-cyclical Medical Instruments

0.3 8.23 463 5/31/2009 5.1 4.4 2.9 Industrial Diversified Manufact Op

6.5 18.98 1,676 3/28/2009 1.3 0.2 10.7 Technology Electronic Compo-Semicon

0.0 10.57 817 4/30/2009 4.0 2.2 4.0 Industrial Containers-Paper/Plastic

0.8 8.64 536 3/31/2009 2.7 1.2 3.7 Utilities Electric-Generation








1.0 14.83 1,151 3/31/2009 2.7 1.2 3.7 Utilities Electric-Integrated

0.0 10.07 654 3/31/2009 2.7 1.2 3.7 Utilities Electric-Distribution

-2.5 11.56 733 3/31/2009 2.7 1.2 3.7 Utilities Electric-Distribution

0.8 10.98 696 3/31/2009 2.7 1.2 3.7 Financial Special Purpose Entity



-0.5 3.49 214 3/31/2009 7.9 5.7 2.2 Technology Computer Services

1.5 8.26 506 3/31/2009 7.9 5.7 2.2 Technology Computer Services

0.0 11.49 882 3/31/2009 2.4 2.2 4.5 Communications Direct Marketing

0.0 11.49 882 3/31/2009 2.4 2.2 4.5 Communications Direct Marketing

0.5 14.34 1,106 3/31/2009 2.4 2.2 4.5 Communications Direct Marketing

0.0 26.05 2,425 3/31/2009 2.5 1.9 4.8 Communications Direct Marketing

0.0 8.23 458 4/30/2009 5.7 4.3 3.4 Industrial Electronic Measur Instr

0.3 6.91 396 3/31/2009 11.6 6.1 2.4 Basic Materials Industrial Gases

0.5 7.82 406 3/31/2009 11.6 6.1 2.4 Basic Materials Industrial Gases

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30

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2.5 7.84 583 3/31/2009 13.6 10.0 0.9 Basic Materials Steel-Producers

3.0 8.92 614 3/31/2009 4.9 2.6 2.8 Communications Telecommunication Equip

0.5 10.29 885 6/30/2009 2.8 1.6 4.0 Communications Telecom Services

-0.5 33.98 3,088 3/31/2009 0.9 0.8 12.7 Consumer, Non-cyclical Research&Development

2.5 14.88 1,260 3/31/2009 1.9 1.7 6.8 Communications Television

1.5 7.67 428 3/31/2009 9.2 7.4 2.5 Industrial Aerospace/Defense-Equip

1.5 15.74 1,219 3/31/2009 3.2 0.1 3.7 Energy Oil-Field Services

1.5 17.64 1,488 3/31/2009 3.2 0.1 3.7 Energy Oil-Field Services

2.5 10.96 815 4/2/2009 2.4 1.5 6.0 Consumer, Cyclical Theaters



2.0 6.83 394 3/31/2009 4.6 0.2 3.9 Utilities Electric-Integrated

4.5 13.15 891 3/28/2009 2.4 1.2 7.3 Basic Materials Paper&Related Products

1.5 11.94 852 5/29/2009 3.5 1.3 4.5 Consumer, Non-cyclical Consumer Products-Misc

0.3 45.37 4,268 12/31/2008 1.1 1.1 10.1 Communications Publishing-Periodicals

0.0 11.43 832 3/31/2009 3.5 2.1 2.9 Basic Materials Chemicals-Specialty

2.5 10.28 747 3/31/2009 2.6 1.1 3.8 Industrial Miscellaneous Manufactur

0.8 7.16 351 3/31/2009 4.2 3.2 4.2 Communications Wireless Equipment



3.8 7.84 443 6/30/2004 3.9 2.8 6.3 Consumer, Cyclical Retail-Propane Distrib



0.8 8.41 569 9/30/2005 4.1 1.5 3.1 Consumer, Cyclical Casino Hotels

3.0 21.01 1,894 3/28/2009 1.4 1.2 7.0 Consumer, Cyclical Garden Products

1.3 7.28 611 9/30/2006 3.9 1.9 3.3 Technology Electronic Compo-Semicon





-1.5 22.27 1,943 3/31/2009 0.6 0.3 22.3 Consumer, Non-cyclical Medical-Drugs

-0.5 9.33 620 4/3/2009 7.5 6.9 3.0 Communications Networking Products

-2.0 9.59 676 4/3/2009 7.5 6.9 3.0 Industrial Wire&Cable Products

8.5 19.20 1,593 3/29/2009 2.3 0.3 5.9 Consumer, Cyclical Auto/Trk Prts&Equip-Orig



-0.3 12.11 865 4/30/2009 5.0 1.6 2.9 Consumer, Non-cyclical Rental Auto/Equipment

0.3 12.08 884 4/30/2009 5.0 1.6 2.9 Consumer, Non-cyclical Rental Auto/Equipment

-2.0 13.32 1,056 3/31/2009 2.5 1.6 5.4 Diversified Specified Purpose Acquis

0.8 7.44 459 3/31/2009 3.3 2.7 6.6 Consumer, Cyclical Retail-Automobile

1.0 9.47 592 4/4/2009 3.1 2.7 4.3 Industrial Machinery-Electrical

1.5 7.58 388 3/29/2009 7.1 4.8 2.6 Industrial Containers-Metal/Glass


-2.5 13.46 1,007 3/31/2009 9.0 5.5 2.1 Energy Oil-Field Services


0.8 8.97 541 3/29/2009 4.1 2.5 4.0 Industrial Wire&Cable Products

-1.0 39.93 3,780 4/5/2009 3.8 2.3 3.0 Consumer, Cyclical Retail-Video Rental





-0.5 9.26 614 4/30/2009 4.9 3.1 2.1 Industrial Diversified Manufact Op




10.0 22.55 1,848 3/31/2009 1.0 0.5 13.0 Industrial Miscellaneous Manufactur



0.0 8.03 417 3/31/2009 6.9 1.9 1.7 Consumer, Cyclical Auto/Trk Prts&Equip-Orig

0.0 7.64 392 3/31/2009 3.6 1.6 5.1 Basic Materials Petrochemicals




0.0 7.22 576 3/29/2009 4.3 2.7 2.6 Industrial Engines-Internal Combust

-0.8 7.76 485 3/25/2009 8.4 4.8 2.9 Consumer, Cyclical Retail-Restaurants

6.0 12.55 858 3/31/2009 3.4 0.6 5.6 Consumer, Cyclical Airlines

8.5 10.80 695 12/31/2008 2.2 1.6 12.0 Financial REITS-Diversified

0.0 12.87 1,109 12/31/2008 2.2 1.6 12.0 Financial REITS-Diversified

-2.0 12.23 800 12/31/2008 2.2 1.6 12.0 Financial REITS-Diversified

18.5 11.33 725 3/31/2009 3.6 2.0 4.1 Communications Telephone-Integrated

0.8 10.55 861 5/2/2009 3.1 0.1 4.6 Consumer, Cyclical Retail-Apparel/Shoe

0.0 21.34 1,989 4/4/2009 2.1 0.8 5.6 Consumer, Cyclical Leisure&Rec Products







1.0 7.37 547 3/31/2009 3.2 2.0 4.8 Communications Cable TV

0.0 19.13 1,621 3/28/2009 2.2 1.7 5.8 Consumer, Non-cyclical Printing-Commercial

0.5 9.08 625 3/31/2004 3.9 3.0 2.6 Basic Materials Steel-Specialty


0.0 13.87 1,078 3/31/2009 2.1 1.3 6.2 Consumer, Non-cyclical Funeral Serv&Rel Items

0.8 10.40 807 3/29/2009 2.0 1.2 4.1 Consumer, Cyclical Retail-Restaurants


0.0 8.87 606 3/31/2009 3.1 2.1 4.8 Industrial Machinery-Farm



-1.0 7.92 537 3/31/2009 5.8 3.9 2.3 Industrial Electronic Compo-Misc

0.0 6.75 530 3/31/2009 5.8 3.9 2.3 Industrial Electronic Compo-Misc

0.0 9.34 884 3/31/2009 4.8 2.7 5.4 Industrial Bldg Prod-Cement/Aggreg

0.0 9.18 634 3/31/2009 9.9 6.5 1.6 Consumer, Non-cyclical Medical-HMO

-0.3 1.70 120 2/28/2009 2.2 1.4 5.1 Communications Cellular Telecom






-0.3 3.52 202 3/31/2009 3.1 1.4 5.5 Utilities Electric-Integrated

10.5 11.66 987 3/31/2009 6.6 5.7 2.3 Communications Television


1.0 16.65 1,368 3/31/2009 6.0 1.4 2.8 Basic Materials Metal-Aluminum



0.0 19.14 1,615 3/31/2009 1.1 0.7 9.6 Financial Special Purpose Entity

0.5 12.09 935 3/31/2009 5.4 2.1 1.9 Diversified Diversified Operations

1.0 7.45 464 8/31/2003 3.0 2.8 3.4 Consumer, Non-cyclical Cosmetics&Toiletries


3.0 10.18 715 3/31/2009 1.8 0.8 6.7 Consumer, Non-cyclical Food-Misc/Diversified






0.8 14.22 1,136 3/31/2009 11.8 6.8 3.0 Basic Materials Steel-Producers




-2.0 11.00 683 3/31/2009 3.3 2.4 4.0 Communications Telephone-Integrated







2.5 40.14 4,204 9/30/2005 15.4 9.1 1.9 Industrial Transport-Marine








5.0 17.60 1,531 3/31/2009 2.6 1.0 3.8 Consumer, Cyclical Casino Services

2.5 14.19 1,188 3/31/2009 2.9 2.1 4.6 Basic Materials Chemicals-Diversified

3.3 15.94 1,376 3/31/2009 1.7 1.4 5.6 Industrial Wire&Cable Products

0.0 6.76 362 3/31/2009 1.9 0.5 4.7 Utilities Gas-Distribution

1.8 5.65 235 3/31/2009 1.9 0.5 4.7 Energy Pipelines

2.8 7.10 280 3/31/2009 1.9 0.5 4.7 Utilities Gas-Distribution

1.3 8.49 688 3/31/2009 5.6 4.7 1.9 Industrial Machinery-Material Handl



0.8 8.07 424 3/31/2009 8.9 7.1 1.5 Basic Materials Quarrying

-0.3 10.96 744 3/31/2009 7.3 3.8 1.9 Energy Oil Field Mach&Equip

1.3 7.95 448 5/31/2009 2.0 1.5 6.9 Consumer, Non-cyclical Beverages-Wine/Spirits



0.0 1.02 24 3/31/2009 9.1 5.3 2.9 Consumer, Non-cyclical Commercial Services

1.5 8.15 503 4/30/2009 4.9 2.8 3.7 Consumer, Non-cyclical Medical Products

0.0 10.16 872 3/31/2009 3.1 0.4 3.9 Consumer, Non-cyclical Private Corrections




-4.5 9.85 676 3/31/2009 7.0 6.3 2.9 Consumer, Non-cyclical Medical-HMO


0.0 19.85 1,650 3/31/2009 1.5 1.1 7.8 Consumer, Non-cyclical Medical-Outptnt/Home Med








6.0 18.40 1,515 5/31/2009 1.4 1.1 7.4 Communications Multimedia

1.8 14.16 1,051 3/30/2009 1.6 1.1 5.6 Communications Publishing-Newspapers

0.3 12.84 828 3/30/2009 1.6 1.1 5.6 Communications Publishing-Newspapers

-1.0 14.04 927 3/30/2009 1.6 1.1 5.6 Communications Publishing-Newspapers

-0.5 13.78 1,095 5/3/2009 2.9 1.0 3.0 Consumer, Cyclical Retail-Restaurants

1.3 7.42 501 3/31/2009 5.1 3.6 3.3 Consumer, Non-cyclical Dialysis Centers

1.5 7.97 484 3/31/2009 5.1 3.6 3.3 Consumer, Non-cyclical Dialysis Centers

1.0 8.31 489 3/31/2009 3.2 2.3 4.8 Consumer, Non-cyclical Food-Dairy Products

1.0 9.96 768 3/31/2009 6.7 6.0 2.6 Consumer, Non-cyclical Commercial Serv-Finance




1.0 9.68 641 3/31/2009 22.8 18.6 2.4 Consumer, Cyclical Bldg-Residential/Commer

0.5 11.00 951 3/31/2009 2.3 0.8 10.4 Financial REITS-Shopping Centers

0.0 7.35 608 3/31/2009 2.3 0.8 10.4 Financial REITS-Shopping Centers

1.3 12.88 1,143 3/31/2009 2.3 0.8 10.4 Financial REITS-Shopping Centers











1.5 7.62 555 5/1/2009 2.6 2.0 4.2 Consumer, Cyclical Retail-Discount

1.5 9.48 691 5/1/2009 2.6 2.0 4.2 Consumer, Cyclical Retail-Discount




-2.0 12.68 922 3/31/2009 5.6 4.4 3.1 Basic Materials Paper&Related Products


1.3 7.78 475 3/31/2009 13.8 12.4 0.9 Energy Oil Field Mach&Equip

0.5 39.25 3,726 3/31/2009 1.9 0.9 4.5 Energy Oil Comp-Explor&Prodtn

0.0 11.44 815 4/25/2009 8.2 5.5 1.3 Industrial Building&Construct-Misc





0.5 14.04 1,040 3/3/2009 5.0 1.8 1.9 Utilities Electric-Distribution

-3.0 11.39 698 3/31/2009 2.0 1.7 8.0 Consumer, Cyclical Retail-Pubs

1.3 11.22 754 3/31/2009 3.9 0.4 4.7 Energy Oil Refining&Marketing


0.3 8.28 575 5/1/2009 7.4 6.0 1.9 Industrial Aerospace/Defense

1.8 7.73 417 5/1/2009 7.4 6.0 1.9 Industrial Aerospace/Defense

-0.8 7.26 398 3/31/2009 4.2 1.3 4.1 Consumer, Cyclical Home Furnishings


0.5 13.96 1,150 12/31/2008 9.7 8.0 1.6 Basic Materials Steel-Producers

-1.5 13.00 929 12/31/2008 9.7 8.0 1.6 Basic Materials Steel-Producers

1.0 16.50 1,410 3/31/2009 3.3 1.8 2.8 Consumer, Cyclical Auto/Trk Prts&Equip-Repl

2.5 7.89 529 3/31/2009 10.1 8.2 2.0 Communications E-Commerce/Services

-0.3 8.89 545 3/31/2009 10.1 8.2 2.0 Communications E-Commerce/Services


0.3 15.56 1,411 3/31/2009 2.4 1.0 6.9 Financial REITS-Hotels




0.0 9.58 818 3/31/2009 1.1 1.0 10.2 Technology Data Processing/Mgmt

0.0 25.83 2,324 3/31/2009 1.1 1.0 10.2 Technology Data Processing/Mgmt










1.3 7.64 403 3/31/2009 6.0 4.2 2.4 Consumer, Non-cyclical Medical-Biomedical/Gene

4.0 11.14 883 12/31/2008 0.2 0.2 9.5 Basic Materials Diversified Minerals




1.0 7.37 441 3/31/2009 6.8 2.5 2.1 Energy Coal


2.3 6.69 426 3/31/2009 6.9 2.5 1.7 Basic Materials Metal-Diversified

2.8 7.18 403 3/31/2009 6.9 2.5 1.7 Basic Materials Metal-Diversified






0.8 7.77 524 3/31/2009 7.1 6.3 2.0 Consumer, Non-cyclical Consulting Services

2.3 7.89 440 3/31/2009 7.1 6.3 2.0 Consumer, Non-cyclical Consulting Services



0.0 11.23 876 3/31/2009 10.8 9.3 1.8 Industrial Machinery-General Indust


0.0 18.74 1,614 5/31/2009 3.5 2.8 4.8 Industrial Aerospace/Defense-Equip

-0.5 3.58 35 12/31/2008 85.1 76.0 0.4 Consumer, Non-cyclical Medical-Biomedical/Gene



0.0 8.55 598 3/31/2009 5.5 1.4 2.5 Consumer, Non-cyclical Private Corrections

1.3 13.15 984 3/31/2009 3.1 2.3 4.4 Basic Materials Metal-Iron


0.0 9.48 526 9/30/2003 3.3 1.7 5.4 Consumer, Cyclical Rubber-Tires






-0.3 11.63 861 3/31/2009 2.5 1.6 5.9 Industrial Containers-Paper/Plastic

-5.8 15.43 1,373 2/28/2009 1.4 0.6 5.5 Consumer, Non-cyclical Food-Retail

0.0 11.61 887 3/31/2009 4.3 2.2 2.9 Consumer, Non-cyclical Marine Services

3.0 17.86 1,468 5/31/2009 1.7 0.6 8.2 Industrial Transport-Equip&Leasng


-0.5 22.12 2,043 3/31/2003 2.4 1.8 3.2 Industrial Bldg&Construct Prod-Misc


0.5 6.99 543 5/2/2009 17.2 13.5 0.6 Consumer, Cyclical Retail-Computer Equip

1.5 9.68 674 3/31/2009 12.9 8.3 2.1 Industrial Transport-Marine

1.0 12.17 872 3/31/2009 6.3 2.6 1.4 Consumer, Non-cyclical Rental Auto/Equipment


-1.0 26.17 2,343 3/31/2009 1.4 0.5 5.2 Consumer, Cyclical Casino Hotels

0.5 16.23 1,479 3/31/2009 1.4 0.5 5.2 Consumer, Cyclical Casino Hotels











0.0 8.33 564 3/31/2009 5.5 4.1 2.0 Industrial Metal Processors&Fabrica

3.8 9.40 658 3/31/2009 2.1 1.3 6.3 Consumer, Non-cyclical Medical-Hospitals








-0.8 12.03 872 3/31/2009 2.1 1.3 6.3 Consumer, Non-cyclical Medical-Hospitals



















-3.0 11.37 777 3/31/2009 7.8 5.8 2.0 Consumer, Non-cyclical Medical-HMO

0.0 11.27 971 3/31/2009 2.5 2.1 5.0 Consumer, Non-cyclical Phys Therapy/Rehab Cntrs


1.0 11.43 795 3/31/2009 3.9 2.6 4.1 Industrial Bldg Prod-Cement/Aggreg

3.5 14.35 1,236 3/31/2009 3.9 2.6 4.1 Industrial Bldg Prod-Cement/Aggreg

1.0 11.63 829 3/31/2009 5.4 0.2 2.7 Energy Oil-Field Services

-1.5 8.85 574 3/31/2009 8.8 1.0 2.2 Industrial Advanced Materials/Prd


2.5 9.01 530 3/31/2009 2.7 0.5 6.2 Financial REITS-Office Property


0.5 16.18 1,395 12/31/2008 16.3 14.7 4.5 Financial Real Estate Oper/Develop

-1.3 9.45 641 3/27/2009 3.6 1.8 4.8 Financial REITS-Hotels

0.5 9.32 574 3/27/2009 3.6 1.8 4.8 Financial REITS-Hotels




-0.8 8.99 630 3/27/2009 3.6 1.8 4.8 Financial REITS-Hotels









0.3 11.61 882 4/4/2009 3.7 2.8 2.5 Consumer, Cyclical Office Furnishings-Orig

0.0 9.84 715 4/4/2009 3.7 2.8 2.5 Consumer, Cyclical Office Furnishings-Orig

0.8 8.18 527 3/27/2009 3.6 3.0 4.3 Industrial Bldg&Construct Prod-Misc

1.3 19.24 1,629 3/31/2009 3.7 0.2 3.6 Energy Coal

2.5 8.13 509 3/31/2009 4.4 3.8 2.5 Communications Advertising Agencies

-1.0 5.94 446 3/31/2009 4.4 3.8 2.5 Communications Advertising Agencies

2.5 8.95 572 3/31/2009 4.4 3.8 2.5 Communications Advertising Agencies

0.0 29.46 2,650 3/31/2009 1.5 0.2 9.7 Industrial Containers-Paper/Plastic

0.5 7.48 534 3/31/2009 5.7 5.1 3.0 Financial Real Estate Mgmnt/Servic


1.0 9.30 589 3/31/2009 4.2 3.3 4.1 Consumer, Non-cyclical Diagnostic Kits









2.3 11.26 845 4/26/2009 2.7 2.1 5.1 Consumer, Cyclical Gambling (Non-Hotel)

-0.3 11.84 767 3/31/2009 0.7 0.6 5.5 Communications Television





2.8 7.71 588 5/2/2009 12.0 4.1 1.6 Consumer, Cyclical Retail-Fabric Store

0.0 12.88 1,116 4/3/2009 3.1 2.1 3.4 Basic Materials Chemicals-Specialty


-2.0 9.11 607 4/4/2009 3.1 1.9 4.9 Consumer, Cyclical Apparel Manufacturers

0.0 10.00 573 4/4/2009 3.1 1.9 4.9 Consumer, Cyclical Apparel Manufacturers






1.3 14.56 1,309 3/31/2009 4.6 1.6 4.6 Consumer, Cyclical Retail-Restaurants


-1.5 28.35 2,538 4/4/2009 0.9 0.1 20.7 Consumer, Cyclical Auto/Trk Prts&Equip-Orig




0.8 8.42 607 3/28/2009 6.2 5.4 1.9 Consumer, Cyclical Leisure&Rec Products








-0.8 8.61 557 5/2/2009 5.1 3.1 2.9 Consumer, Cyclical Retail-Apparel/Shoe






3.0 12.21 898 12/31/2005 11.2 7.5 1.4 Consumer, Cyclical Lottery Services

-0.5 33.92 3,385 3/31/2009 1.1 0.7 9.6 Financial Special Purpose Entity

-0.5 37.93 3,820 3/31/2009 1.1 0.7 9.6 Financial Special Purpose Entity



0.3 7.91 605 5/2/2009 4.4 3.1 3.8 Consumer, Cyclical Retail-Regnl Dept Store



















0.0 14.28 1,004 5/2/2009 4.4 3.1 3.8 Consumer, Cyclical Retail-Regnl Dept Store







2.5 10.61 850 4/2/2009 1.7 1.1 5.0 Diversified Specified Purpose Acquis


-0.5 9.09 588 3/31/2009 2.8 1.9 6.3 Industrial Bldg Prod-Wood

1.5 8.92 536 3/31/2009 2.8 1.9 6.3 Industrial Bldg Prod-Wood


1.5 8.69 520 3/31/2009 2.8 1.9 6.3 Industrial Bldg Prod-Wood





2.0 8.32 559 9/30/2006 4.0 0.5 3.2 Energy Coal




-2.5 41.05 3,869 3/31/2009 0.5 0.1 26.5 Basic Materials Paper&Related Products

2.0 24.10 2,060 5/2/2009 1.6 1.3 8.8 Consumer, Cyclical Retail-Arts&Crafts








1.3 7.85 510 3/31/2009 4.3 1.3 3.6 Utilities Independ Power Producer

0.8 10.26 709 3/31/2009 3.3 3.0 4.8 Consumer, Cyclical Storage/Warehousing

0.8 10.27 731 3/31/2009 3.3 3.0 4.8 Consumer, Cyclical Storage/Warehousing



0.0 7.34 587 3/28/2009 3.6 2.0 4.5 Consumer, Cyclical Textile-Home Furnishings

1.8 8.35 501 3/28/2009 3.6 2.0 4.5 Consumer, Cyclical Textile-Home Furnishings

-0.3 7.92 601 3/28/2009 3.6 2.0 4.5 Consumer, Cyclical Textile-Home Furnishings

0.3 11.70 857 3/31/2009 10.0 0.3 2.7 Energy Oil Comp-Integrated



-3.0 13.21 961 3/31/2009 2.7 1.8 5.4 Industrial Steel Pipe&Tube







1.0 15.07 1,214 3/31/2009 2.0 1.4 5.4 Consumer, Non-cyclical Medical-Outptnt/Home Med




0.8 8.51 707 7/31/2005 5.4 3.9 3.4 Consumer, Cyclical Auto-Med&Heavy Duty Trks

0.3 8.11 483 3/31/2009 8.8 6.6 2.2 Consumer, Non-cyclical Vitamins&Nutrition Prod

1.5 20.57 1,872 3/31/2009 2.3 2.0 5.0 Consumer, Cyclical Distribution/Wholesale




3.5 14.22 1,168 3/31/2009 3.0 1.0 2.0 Basic Materials Mining Services



0.5 18.23 1,403 3/31/2009 3.5 2.0 4.2 Energy Pipelines




0.0 6.96 640 3/31/2009 3.5 3.3 3.1 Consumer, Cyclical Home Furnishings

1.5 14.13 1,247 3/31/2009 1.6 0.5 1.9 Industrial Building&Construct-Misc

0.0 22.48 1,830 3/31/2009 2.6 2.1 5.5 Communications Telecommunication Equip






0.0 16.42 1,307 3/28/2009 2.4 1.2 7.3 Consumer, Cyclical Retail-Office Supplies

-3.5 7.79 436 3/31/2009 31.6 12.4 0.8 Basic Materials Chemicals-Diversified

1.5 8.28 577 3/31/2009 5.0 4.6 3.9 Consumer, Non-cyclical Pharmacy Services



-4.0 11.97 785 3/31/2009 7.9 0.2 2.5 Industrial Transport-Marine

0.0 10.65 793 3/31/2009 7.9 0.2 2.5 Industrial Transport-Marine

-0.8 8.42 503 3/31/2009 12.9 11.5 1.8 Consumer, Cyclical Distribution/Wholesale

-1.8 8.64 513 3/31/2009 4.7 0.8 4.4 Industrial Bldg&Construct Prod-Misc










-1.0 12.67 943 3/31/2009 3.1 1.3 4.1 Communications Telecom Services

1.5 11.14 849 3/31/2009 9.4 1.8 1.8 Energy Oil&Gas Drilling

0.8 24.86 2,181 9/30/2006 2.5 1.9 4.6 Industrial Diversified Manufact Op


0.5 7.92 452 3/31/2009 8.6 6.7 1.7 Energy Coal

1.5 5.74 428 3/31/2009 8.6 6.7 1.7 Energy Coal

0.8 7.88 438 3/31/2009 8.6 6.7 1.7 Energy Coal

0.0 8.96 478 3/31/2009 8.6 6.7 1.7 Energy Coal



0.8 8.40 527 3/31/2009 3.5 1.7 4.2 Consumer, Cyclical Racetracks


1.5 13.56 1,092 5/2/2009 1.9 1.4 6.8 Consumer, Cyclical Textile-Apparel




-0.3 14.37 1,244 3/31/2009 1.5 0.5 7.4 Basic Materials Chemicals-Plastics

1.0 14.05 1,241 4/4/2009 2.5 1.9 5.4 Industrial Filtration/Separat Prod

1.3 12.41 1,045 4/4/2009 2.5 1.9 5.4 Industrial Filtration/Separat Prod








1.3 8.97 559 3/31/2009 3.2 1.7 4.0 Communications Multimedia

1.3 8.97 559 3/31/2009 3.2 1.7 4.0 Communications Multimedia

4.8 17.59 1,443 4/30/2009 4.1 2.7 5.3 Consumer, Cyclical Apparel Manufacturers










0.3 47.68 4,531 3/31/2009 1.5 1.3 10.1 Communications Radio

0.0 5.46 401 3/31/2009 12.8 9.9 1.8 Consumer, Cyclical Retail-Consumer Electron


-1.0 35.51 3,265 3/31/2009 0.6 0.5 18.0 Financial Real Estate Mgmnt/Servic

0.5 39.17 3,632 3/31/2009 0.6 0.5 18.0 Financial Real Estate Mgmnt/Servic

1.0 49.90 4,674 3/31/2009 0.6 0.5 18.0 Financial Real Estate Mgmnt/Servic





0.8 12.56 1,038 4/4/2009 2.4 2.0 4.6 Consumer, Cyclical Athletic Equipment

2.0 18.63 1,603 6/3/2006 2.2 1.1 5.0 Consumer, Cyclical Retail-Drug Store


3.0 11.17 762 6/3/2006 2.2 1.1 5.0 Consumer, Cyclical Retail-Drug Store












3.0 9.29 506 12/31/2008 8.6 5.4 2.4 Basic Materials Chemicals-Diversified

2.0 11.98 885 3/31/2009 1.9 1.4 4.7 Consumer, Non-cyclical Protection-Safety

0.0 18.06 1,469 3/31/2009 1.9 1.4 4.7 Consumer, Non-cyclical Protection-Safety


1.0 7.19 458 6/30/2009 11.2 3.7 2.5 Financial Diversified Finan Serv

5.0 43.40 4,560 3/31/2004 2.0 1.4 6.6 Consumer, Non-cyclical Optical Supplies

0.0 11.65 784 10/28/2006 4.2 1.5 3.3 Consumer, Cyclical Retail-Major Dept Store

0.0 15.08 1,360 10/28/2006 4.2 1.5 3.3 Consumer, Cyclical Retail-Major Dept Store

2.3 9.99 843 10/28/2006 4.2 1.5 3.3 Consumer, Cyclical Retail-Major Dept Store



1.0 13.79 1,141 3/28/2009 1.7 0.9 7.5 Industrial Electronic Compo-Misc

1.0 13.91 1,054 3/28/2009 1.7 0.9 7.5 Industrial Electronic Compo-Misc

0.5 7.17 489 3/31/2009 3.3 1.2 5.5 Consumer, Cyclical Casino Services



1.8 7.25 569 4/3/2009 7.6 0.9 2.1 Technology Computers-Memory Devices








0.8 11.84 874 3/31/2009 1.9 0.7 5.9 Consumer, Non-cyclical Medical-Outptnt/Home Med

1.5 12.03 1,009 3/31/2009 5.2 2.0 2.6 Consumer, Cyclical Gambling (Non-Hotel)

1.5 12.03 1,009 3/31/2009 5.2 2.0 2.6 Consumer, Cyclical Gambling (Non-Hotel)

0.0 20.97 1,810 3/31/2009 1.6 1.4 7.9 Technology Semiconductor Equipment

8.0 26.87 2,543 3/31/2009 1.6 1.4 7.9 Technology Semiconductor Equipment

2.0 8.32 517 3/31/2009 3.6 2.4 3.9 Consumer, Non-cyclical Funeral Serv&Rel Items






0.0 14.85 1,116 3/31/2009 1.6 1.3 7.9 Consumer, Non-cyclical Commercial Services

-1.5 14.07 977 3/31/2009 1.6 1.3 7.9 Consumer, Non-cyclical Commercial Services




0.3 24.46 2,172 3/31/2009 1.7 1.4 5.9 Consumer, Cyclical Distribution/Wholesale

-0.3 12.92 1,019 3/31/2009 2.6 2.5 8.0 Industrial Transport-Marine



-0.5 27.09 2,523 3/31/2009 2.8 2.5 6.4 Communications Television



0.0 9.15 741 3/31/2009 3.2 1.8 4.1 Consumer, Non-cyclical Medical-Nursing Homes

0.8 7.06 261 1/31/2009 11.1 4.4 1.6 Consumer, Non-cyclical Food-Retail


-0.8 5.53 217 1/31/2009 11.1 4.4 1.6 Consumer, Non-cyclical Food-Retail

2.0 18.12 1,551 3/31/2009 1.7 0.7 11.1 Consumer, Cyclical Retail-Automobile

0.0 13.24 1,003 3/31/2009 1.6 1.1 7.5 Consumer, Non-cyclical Auction House/Art Dealer

0.0 24.60 2,298 3/31/2009 3.3 0.9 5.5 Utilities Gas-Distribution





0.0 46.00 4,372 3/31/2009 1.6 1.3 6.6 Technology Medical Information Sys











-0.3 10.76 840 3/31/2009 4.7 4.5 1.9 Consumer, Cyclical Retail-Propane Distrib

1.5 7.72 535 3/31/2009 4.9 2.7 4.0 Consumer, Cyclical Hotels&Motels






-0.8 14.84 1,225 3/31/2009 11.8 6.8 3.0 Basic Materials Steel-Producers




0.0 13.06 1,025 3/31/2009 3.5 3.1 4.6 Consumer, Cyclical Music


1.0 15.13 1,218 5/2/2009 3.2 2.1 3.8 Industrial Machinery-General Indust


0.3 8.98 717 3/31/2009 3.0 2.4 3.6 Communications Satellite Telecom


1.5 8.64 619 3/31/2009 3.1 2.2 4.4 Consumer, Non-cyclical Medical-Nursing Homes





0.0 12.64 905 9/30/2006 16.6 2.2 0.8 Energy Oil Comp-Explor&Prodtn

0.3 9.03 760 9/30/2006 16.6 2.2 0.8 Energy Oil Comp-Explor&Prodtn

2.3 14.08 1,139 3/31/2009 4.5 2.6 4.6 Energy Pipelines






-1.0 8.26 508 3/31/2009 8.6 5.7 4.6 Basic Materials Diversified Minerals


















-0.3 12.44 913 3/31/2009 2.3 0.6 5.1 Consumer, Cyclical Auto/Trk Prts&Equip-Orig




-0.3 6.21 265 3/31/2009 2.9 0.6 4.1 Energy Pipelines





-0.5 9.18 641 3/31/2009 6.3 5.1 2.3 Industrial Machinery-Constr&Mining

1.5 12.12 847 3/31/2009 6.3 5.1 2.3 Industrial Machinery-Constr&Mining

1.8 10.23 704 3/31/2009 6.3 5.1 2.3 Industrial Machinery-Constr&Mining

-0.3 8.32 478 3/31/2009 28.9 24.8 0.4 Basic Materials Agricultural Chemicals








0.0 15.50 1,281 6/30/2004 2.7 1.8 4.1 Industrial Machinery-General Indust

0.0 21.62 1,884 3/31/2009 2.2 1.5 4.7 Industrial Mach Tools&Rel Products



1.5 12.36 859 5/2/2009 2.4 1.5 5.6 Consumer, Cyclical Retail-Toy Store

1.0 11.02 956 5/2/2009 2.4 1.5 5.6 Consumer, Cyclical Retail-Toy Store

2.0 13.27 1,082 5/2/2009 2.4 1.5 5.6 Consumer, Cyclical Retail-Toy Store

0.0 15.92 1,194 5/2/2009 2.4 1.5 5.6 Consumer, Cyclical Retail-Toy Store

0.8 15.14 1,312 3/31/2009 2.2 1.6 5.2 Industrial Metal Processors&Fabrica

5.0 14.86 1,190 3/31/2009 1.9 1.3 4.1 Communications Cellular Telecom

5.0 15.05 1,232 3/31/2009 1.9 1.3 4.1 Communications Cellular Telecom




0.8 21.41 1,831 3/31/2009 4.7 3.1 2.9 Basic Materials Steel-Specialty

0.0 14.02 1,182 6/30/2004 6.1 1.9 5.1 Communications Television




-1.5 8.60 489 3/28/2009 2.1 0.6 5.6 Consumer, Non-cyclical Food-Meat Products

3.5 9.52 531 3/28/2009 2.1 0.6 5.6 Consumer, Non-cyclical Food-Meat Products




0.3 10.66 724 3/31/2006 11.9 5.8 0.9 Communications Cellular Telecom



6.5 21.43 1,855 3/29/2009 1.1 0.5 7.8 Consumer, Cyclical Textile-Apparel








0.0 6.28 478 3/31/2009 7.1 6.1 2.3 Consumer, Non-cyclical Tobacco

-0.5 7.15 448 3/31/2009 7.1 6.1 2.3 Consumer, Non-cyclical Tobacco

-0.5 21.43 1,859 3/31/2009 1.1 0.2 10.2 Industrial Bldg Prod-Cement/Aggreg

1.0 8.75 550 3/31/2009 2.0 1.3 4.7 Consumer, Non-cyclical Phys Practice Mgmnt

0.0 10.74 863 3/31/2009 2.0 1.3 4.7 Consumer, Non-cyclical Phys Practice Mgmnt






-0.3 8.18 526 3/31/2009 7.0 6.3 2.6 Consumer, Non-cyclical Medical-Drugs

0.0 7.76 489 3/28/2009 15.3 12.4 1.3 Industrial Steel Pipe&Tube

0.0 8.19 477 3/31/2009 2.9 2.6 5.3 Financial REITS-Health Care


-0.8 7.68 466 3/31/2009 2.9 2.6 5.3 Financial REITS-Health Care


-0.5 7.61 441 3/31/2009 2.9 2.6 5.3 Financial REITS-Health Care








0.0 7.52 528 4/30/2009 12.5 10.7 1.4 Industrial Transport-Services

0.0 7.75 465 4/30/2009 12.5 10.7 1.4 Industrial Transport-Services

-1.3 42.38 3,970 3/31/2009 1.5 0.9 6.7 Consumer, Cyclical Housewares

0.0 28.67 2,513 3/31/2009 1.5 0.9 6.7 Industrial Containers-Metal/Glass


0.5 6.97 557 4/4/2009 7.4 5.9 1.3 Consumer, Cyclical Intimate Apparel

2.8 11.35 849 3/31/2009 2.6 2.4 5.2 Consumer, Cyclical Music


0.5 10.45 759 3/31/2009 2.7 1.4 4.0 Industrial Non-hazardous Waste Disp

3.0 39.85 4,087 3/31/2009 0.8 0.7 14.6 Communications Advertising Services







0.8 12.08 844 6/30/2005 5.0 4.6 2.3 Consumer, Cyclical Distribution/Wholesale

-0.3 10.38 736 3/31/2009 4.1 3.0 3.9 Basic Materials Forestry

-2.0 13.90 1,030 3/31/2009 4.1 2.4 2.9 Energy Oil Refining&Marketing

-0.3 7.39 479 3/31/2009 20.5 18.9 1.6 Industrial Machinery-General Indust


-2.5 40.66 3,786 6/30/2006 4.1 4.1 2.0 Consumer, Cyclical Bldg-Residential/Commer

6.0 45.40 4,312 6/30/2006 4.1 4.1 2.0 Consumer, Cyclical Bldg-Residential/Commer

-0.5 48.78 4,635 6/30/2006 4.1 4.1 2.0 Consumer, Cyclical Bldg-Residential/Commer








2.3 8.56 535 3/31/2009 2.6 2.4 5.2 Consumer, Cyclical Music



-0.8 9.41 654 3/31/2009 11.0 8.5 4.3 Consumer, Cyclical Hotels&Motels

2.3 10.60 640 12/31/2002 3.2 2.9 6.1 Technology Office Automation&Equip

exponential regression

yield to worst credit ranking

3.365516357775 100

3.795875491407 90

4.281265997409 80

4.828724909988 70

5.44618911099 60

6.142610396238 50

6.928085255767 40

7.814001249464 30

8.81320210022 20

9.940173898058 10

11.21125511478 0

regress. data

ticke

r

yiel

d to

wor

st

ACCINC 14.98 2.9

ATU 8.23 8.1

AMD 18.98 1.7

AEPI 10.57 5.5

AES 8.64 4.8

AES 8.73 4.8

AES 8.48 4.8

AES 8.95 4.8

AES 6.95 4.8

AES 6.81 4.8

AES 6.36 4.8

AES 8.84 4.8

AES 14.83 4.8

AES 10.07 4.8

AES 11.56 4.8

AES 10.98 4.8

AES 10.62 4.8

AES 10.78 4.8

ACS 3.49 11.2

ACS 8.26 11.2

AFFINI 11.49 4.6

AFFINI 11.49 4.6

AFFINI 14.34 4.6

AFFIN 26.05 4.3

A 8.23 7.8

ARG 6.91 12.5

ARG 7.82 12.5

rela

tive

cred

it qu

ality

0 20 40 60 80 100 120

0

10

20

30

40

50

60



yie

ld t

o w

ors

t

AKS 7.84 22.6

ALUFP 8.92 7.4

ALESTR 10.29 4.8

ALISCI 33.98 1.6

ALLBRI 14.88 3.3

ATK 7.67 11.9

ALY 15.74 4.4

ALY 17.64 4.4

AMCENT 10.96 3.6

AMCENT 9.10 3.6

AMCENT 11.22 3.6

AEE 6.83 5.0

OMX 13.15 3.2

AM 11.94 4.6

AMRMED 45.37 2.1

APFC 11.43 6.3

ARII 10.28 4.6

AMT 7.16 6.0

AMT 4.84 6.0

AMT 7.47 6.0

APU 7.84 4.8

APU 5.44 4.8

APU 7.90 4.8

ASCA 8.41 6.2

AMETRU 21.01 2.8

AMKR 7.28 6.0

AMKR 9.42 6.0

AMKR 9.75 6.0

EMS 8.75 11.1

APY 12.44 5.8

ANPI 22.27 0.9

AXE 9.33 10.2

AXE 9.59 10.2

ARM 19.20 3.0

ARM 27.60 3.0

ASH 8.03 75.7

AHTLN 12.11 6.7

AHTLN 12.08 6.7

ATLBRD 13.32 3.9

AN 7.44 4.4

BEZ 9.47 5.2

BLL 7.58 9.6

BLL 6.49 9.6

BAS 13.46 11.7

BEAV 9.08 9.1

BDC 8.97 5.7

BBI 39.93 6.4

BLT 6.81 7.2

BTH 10.38 10.9

BOMB 9.34 9.0

BOMB 8.29 9.0

BOMB 9.26 9.0

BOMB 10.12 9.0

BOMB 10.17 9.0

BOMB 9.08 9.0

HXN 22.55 1.6

HXN 39.32 1.6

HXN 26.35 1.6

BWA 8.03 10.5

BRASKM 7.64 4.5

BRASKM 6.80 4.5

BRASKM 6.72 4.5

BRASKM 7.56 4.5

BGG 7.22 7.4

EAT 7.76 9.7

BAB 12.55 3.7

BXTN 10.80 2.6

BXTN 12.87 2.6

BXTN 12.23 2.6

CBB 11.33 5.2

BWS 10.55 3.8

BC 21.34 3.3

BC 14.43 3.3

BC 15.34 3.3

BC 21.12 3.3

BKI 9.68 6.2

CWLN 9.59 16.9

CWLN 7.42 16.9

CVC 7.37 4.6

CVO 19.13 3.7

CALSTL 9.08 7.5

CPN 8.34 3.6

CSV 13.87 3.3

TAST 10.40 4.2

CASCN 10.61 4.4

CNH 8.87 4.7

CCI 7.37 3.2

CHTR 7.49 4.8

CLS 7.92 9.2

CLS 6.75 9.2

CEMEX 9.34 5.4

CENTC 9.18 14.3

CYCL 1.70 3.8

CYCL 7.13 3.8

CYCL 7.71 3.8

CNP 7.60 4.0

CNP 7.59 4.0

CNP 7.81 4.0

CNP 3.52 4.0

CETV 11.66 10.5

CENT 9.72 6.7

CENX 16.65 7.2

CVO 18.77 3.7

CVO 15.91 3.7

TNTLOG 19.14 2.0

CFGINV 12.09 9.1

CHTT 7.45 6.0

CEM 11.67 5.4

CQB 10.18 2.8

CQB 10.75 2.8

CBB 10.13 5.2

CBB 8.49 5.2

CBB 8.53 5.2

CBB 9.42 5.2

CHMFRU 14.22 11.9

FTR 7.75 5.4

FTR 8.55 5.4

FTR 11.21 5.4

FTR 11.00 5.4

FTR 10.71 5.4

FTR 8.63 5.4

FTR 11.71 5.4

FTR 9.70 5.4

FTR 10.27 5.4

FTR 5.00 5.4

CMACG 40.14 16.9

CMACG 34.73 16.9

CMS 6.74 4.2

CMS 8.15 4.2

CMS 8.04 4.2

CMS 1.55 4.2

CMS 6.01 4.2

CMS 8.26 4.2

CODERE 17.60 4.6

COGNIS 14.19 4.7

CCIX 15.94 3.4

EP 6.76 3.4

EP 5.65 3.4

EP 7.10 3.4

CMCO 8.49 10.7

EXC 10.45 3.5

EXC 5.66 3.5

CMP 8.07 14.7

CPX 10.96 11.0

STZ 7.95 3.2

STZ 7.94 3.2

STZ 7.74 3.2

CVG 1.02 10.3

COO 8.15 6.4

CRN 10.16 4.4

COUCHE 7.49 19.5

CVH 5.55 9.9

CVH 9.18 9.9

CVH 9.85 9.9

CVH 8.01 9.9

CRCHEA 19.85 2.6

CCK 7.97 7.0

CCK 7.26 7.0

CCK 7.54 7.0

CCI 7.66 3.2

CCK 8.79 7.0

CCK 9.20 7.0

CCK 9.16 7.0

CWMEDI 18.40 2.7

DMGOLN 14.16 3.2

DMGOLN 12.84 3.2

DMGOLN 14.04 3.2

DAB 13.78 5.5

DVA 7.42 7.2

DVA 7.97 7.2

DF 8.31 4.8

DLX 9.96 10.1

DLX 9.89 10.1

DLX 10.52 10.1

DENN 10.08 5.3

HOMEX 9.68 23.0

DDR 11.00 2.5

DDR 7.35 2.5

DDR 12.88 2.5

DDR 14.67 2.5

DDR 13.53 2.5

DDR 14.83 2.5

DTV 7.44 26.2

DTV 5.28 26.2

DTV 7.56 26.2

DOLEFC 0.58 4.4

DOLEFC 10.31 4.4

DOLEFC 8.60 4.4

DOLEFC 10.10 4.4

DG 7.62 4.7

DG 9.48 4.7

UFS 10.15 8.1

UFS 10.66 8.1

UFS 8.62 8.1

UFS 12.68 8.1

UFS 10.84 8.1

DRRAND 7.78 24.2

DNE 39.25 3.8

DY 11.44 14.7

EP 6.07 5.6

EP 7.17 5.6

EP 7.10 5.6

EP 6.58 5.6

EDNAR 14.04 8.9

ENTINN 11.39 3.0

EPD 11.22 4.3

EPD 12.21 4.3

ESL 8.28 12.1

ESL 7.73 12.1

ETH 7.26 5.2

EVRAZ 12.12 15.0

EVRAZ 13.96 15.0

EVRAZ 13.00 15.0

XIDE 16.50 6.4

EXPE 7.89 13.9

EXPE 8.89 13.9

FXJAU 14.51 11.0

FCH 15.56 3.2

FGP 9.39 4.1

FGP 9.39 4.1

FGP 10.17 4.1

FDC 9.58 2.1

FDC 25.83 2.1

FDC 19.96 2.1

FDC 18.97 2.1

FDC 17.29 2.1

FDC 17.29 2.1

FDC 21.27 2.1

FDC 23.11 2.1

FLEX 7.40 7.4

FLEX 7.41 7.4

FPL 5.97 7.4

FMEGR 7.64 9.2

FMGAU 11.14 1.4

FMGAU 10.15 1.4

FMGAU 10.37 1.4

FL 10.14 38.4

FCL 7.37 9.4

FPL 8.04 6.6

FCX 6.69 10.8

FCX 7.18 10.8

FMEGR 5.63 9.2

FMEGR 3.27 9.2

FTR 8.31 5.4

FTO 6.61 13.4

FTO 7.89 13.4

FCN 7.77 11.8

FCN 7.89 11.8

GCI 17.53 8.2

GCI 17.59 8.2

GDI 11.23 15.2

GLBC 12.25 3.6

GY 18.74 5.2

ROSW 3.58 100.0

ROSW 5.49 100.0

BGC 8.61 8.1

GEO 8.55 7.5

ROCK 13.15 5.0

GLCASH 10.74 7.3

GT 9.48 4.3

GT 8.39 4.3

GT 8.77 4.3

GT 8.26 4.3

GT 9.47 4.3

GRAHAM 9.22 3.7

GRAHAM 11.63 3.7

GAP 15.43 3.0

GLDD 11.61 6.7

GBX 17.86 2.4

GEF 7.73 12.4

GROHE 22.12 5.4

GPI 12.60 3.7

GME 6.99 31.4

GLF 9.68 14.9

HEES 12.17 11.8

HGR 8.34 5.0

HET 26.17 3.0

HET 16.23 3.0

HET 26.53 3.0

HET 23.32 3.0

HET 26.95 3.0

HET 10.93 3.0

HET 20.58 3.0

HET 19.67 3.0

HET 19.67 3.0

HET 26.39 3.0

HET 12.00 3.0

HTECN 15.84 9.2

HAWKCO 8.33 10.0

HCA 9.40 3.3

HCA 9.10 3.3

HCA 8.11 3.3

HCA 9.60 3.3

HCA 9.18 3.3

HCA 9.36 3.3

HCA 8.92 3.3

HCA 12.16 3.3

HCA 12.03 3.3

HCA 12.70 3.3

HCA 12.32 3.3

HCA 13.82 3.3

HCA 13.27 3.3

HCA 13.52 3.3

HCA 12.94 3.3

HCA 7.52 3.3

HCA 13.38 3.3

HCA 8.10 3.3

HCA 3.56 3.3

HCA 7.06 3.3

HCA 8.28 3.3

HCA 12.94 3.3

HCA 7.64 3.3

HCA 8.30 3.3

HCA 8.84 3.3

HCA 8.72 3.3

HMA 8.61 4.3

HNT 11.37 11.8

HLS 11.27 4.4

HLS 9.76 4.4

HEIGR 11.43 5.7

HEIGR 14.35 5.7

HLX 11.63 6.6

HXL 8.85 9.4

HXN 24.95 1.6

HIW 9.01 3.2

HEP 9.02 4.1

HPDLF 16.18 16.2

HST 9.45 4.7

HST 9.32 4.7

HST 9.02 4.7

HST 8.66 4.7

HST 7.37 4.7

HST 8.99 4.7

HSNI 12.33 7.2

IESYRP 7.93 2.9

IESYRP 8.47 2.9

IESYRP 9.37 2.9

T 6.24 15.1

NRGY 8.40 5.0

NRGY 8.75 5.0

NRGY 8.61 5.0

IFSIA 11.61 7.4

IFSIA 9.84 7.4

IBI 8.18 5.6

ICOUS 19.24 4.8

IPG 8.13 8.2

IPG 5.94 8.2

IPG 8.95 8.2

ITP 29.46 1.9

IILG 7.48 8.6

IVC 8.91 6.0

IMA 9.30 6.1

AES 7.54 5.3

AES 6.72 5.3

IRM 8.14 5.2

IRM 8.24 5.2

IRM 8.29 5.2

IRM 7.92 5.2

IRM 8.42 5.2

IRM 8.13 5.2

ISLE 11.26 4.4

ITVLN 11.84 2.7

ITVLN 7.26 2.7

ITVLN 12.61 2.7

JBL 5.87 7.3

JBL 9.18 7.3

JAS 7.71 14.2

JONDIV 12.88 5.6

JONDIV 7.65 5.6

JNY 9.11 4.5

JNY 10.00 4.5

KABEGR 8.38 4.3

KABEGR 8.97 4.3

KEG 10.75 13.5

KOP 11.30 7.4

KOP 9.61 15.0

LNY 14.56 5.2

LBIMED 19.98 3.7

LEAR 28.35 1.0

LEAR 34.20 1.0

LEAR 26.21 1.0

LPS 7.87 10.4

LESL 8.42 11.1

LVLT 12.03 3.1

LVLT 12.34 3.1

LVLT 11.45 3.1

LEVI 10.63 3.5

LEVI 9.38 3.5

LEVI 9.93 3.5

SEAT 26.47 5.0

LTD 8.61 7.6

LTD 6.88 7.6

LTD 8.95 7.6

LTD 10.53 7.6

LTD 10.87 7.6

LTD 9.24 7.6

LTOIM 12.21 16.3

TNTLOG 33.92 2.0

TNTLOG 37.93 2.0

UGPABZ 6.62 5.2

MNTG 20.22 3.5

M 7.91 6.3

M 8.98 6.3

M 9.22 6.3

M 8.75 6.3

M 9.77 6.3

M 7.42 6.3

M 11.07 6.3

M 9.97 6.3

M 10.24 6.3

M 10.46 6.3

M 10.87 6.3

M 10.85 6.3

M 10.06 6.3

M 8.35 6.3

M 9.80 6.3

M 9.49 6.3

M 9.24 6.3

M 13.23 6.3

M 10.89 6.3

M 14.28 6.3

M 11.84 6.3

M 8.88 6.3

M 14.79 6.3

M 8.48 6.3

M 9.43 6.3

M 7.66 6.3

AMCENT 10.61 3.5

HST 10.52 4.7

MAS 9.09 3.9

MAS 8.92 3.9

MAS 7.69 3.9

MAS 8.69 3.9

MAS 10.03 3.9

MAS 10.03 3.9

MAS 9.95 3.9

MAS 10.91 3.9

MEE 8.32 5.5

MMR 15.47 10.0

MWV 9.15 5.3

MWV 5.53 5.3

MERC 41.05 0.7

MIK 24.10 2.6

MIK 13.97 2.6

MIK 18.60 2.6

T 7.29 15.1

MIL 7.77 10.3

MIR 7.52 5.6

MIR 11.16 5.6

MIR 12.40 5.6

MIR 7.85 5.6

MINI 10.26 5.1

MINI 10.27 5.1

MOBTEL 8.22 41.0

MOBTEL 6.21 41.0

MHK 7.34 5.0

MHK 8.35 5.0

MHK 7.92 5.0

MOLHB 11.70 8.5

MOG 7.97 9.3

MOG 8.30 9.3

MWA 13.21 4.1

NLC 7.77 4.9

NLC 4.40 4.9

NLC 2.01 4.9

NLC 7.31 4.9

NLC 7.79 4.9

NLC 9.55 4.9

MENTOR 15.07 3.6

NSM 5.58 9.0

NSM 7.23 9.0

NAVIOS 13.57 4.4

NAV 8.51 7.4

NTY 8.11 12.0

NEBRK 20.57 4.2

NMG 11.88 2.4

NMG 17.30 2.4

NMG 21.79 2.4

NWORLD 14.22 7.6

NEU 8.71 14.6

NEXANS 7.49 8.0

DYN 18.23 5.2

NOBGRP 9.16 6.2

NOBGRP 8.81 6.2

CASCN 10.71 4.4

NORCFT 6.96 6.7

NOA 14.13 6.8

NT 22.48 4.1

PIZA 11.36 4.1

NRG 7.58 7.8

NRG 7.67 7.8

NRG 7.73 7.8

NRG 8.50 7.8

OMX 16.42 3.2

OLN 7.79 33.9

OCR 8.28 7.2

OCR 8.84 7.2

OCR 8.47 7.2

OSG 11.97 7.9

OSG 10.65 7.9

OMI 8.42 17.2

OC 8.64 4.9

OC 9.83 4.9

OC 9.00 4.9

OI 1.86 9.0

OI 8.45 9.0

OXM 10.58 6.2

GLT 8.50 9.6

T 6.88 15.1

T 7.33 15.1

PAET 9.70 4.7

PAET 12.67 4.7

PKD 11.14 11.0

PKOH 24.86 4.5

PSS 9.63 5.4

BTU 7.92 13.6

BTU 5.74 13.6

BTU 7.88 13.6

BTU 8.96 13.6

EXC 9.65 13.6

EXC 8.48 13.6

PENN 8.40 5.0

PENN 7.10 5.0

PERY 13.56 3.1

TELPM 6.73 25.4

PVH 5.40 9.8

PVH 7.35 9.8

POL 14.37 2.4

PPO 14.05 4.1

PPO 12.41 4.1

PPL 11.54 7.3

PBH 5.66 5.7

PDE 6.90 60.6

PDE 7.98 60.6

PEG 7.06 8.7

PSYS 9.01 5.3

PSYS 9.60 5.3

QBRCN 8.97 5.1

QBRCN 8.97 5.1

ZQK 17.59 5.1

QUS 10.21 6.3

QUS 10.41 6.3

QUS 8.11 6.3

QUS 11.05 6.3

QUS 10.98 6.3

QUS 6.16 6.3

QUS 7.59 6.3

QUS 8.72 6.3

QUS 8.72 6.3

ROIA 47.68 2.4

RSH 5.46 16.5

CVC 5.39 4.6

H 35.51 1.1

H 39.17 1.1

H 49.90 1.1

FRZ 26.69 3.4

RGC 9.83 5.8

REMFIN 5.43 8.1

REXLN 12.38 5.2

EASTON 12.56 4.4

RAD 18.63 3.7

RAD 17.16 3.7

RAD 11.17 3.7

RAD 19.19 3.7

RAD 18.08 3.7

RAD 18.17 3.7

RAD 17.32 3.7

RAD 9.14 3.7

RAD 11.82 3.7

RKT 8.46 6.7

RKT 8.45 6.7

RKT 8.45 6.7

RKT 6.87 6.7

DOW 6.57 10.9

DOW 9.29 10.9

RURL 11.98 3.9

RURL 18.06 3.9

RUSCN 11.36 23.0

SABIC 7.19 11.0

SAFILO 43.40 3.2

SKS 11.65 6.0

SKS 15.08 6.0

SKS 9.99 6.0

SBH 8.71 4.2

SBH 10.12 4.2

SANM 13.79 2.7

SANM 13.91 2.7

SGMS 7.17 4.0

SGMS 8.46 4.0

SGMS 8.89 4.0

STX 7.25 9.0

STX 8.30 9.0

STX 8.07 9.0

SEE 7.86 8.8

SEE 8.09 8.8

SEE 7.82 8.8

ZZ 11.97 3.5

ZZ 8.94 3.5

SELMED 11.84 3.1

SENECA 12.03 7.5

SENECA 12.03 7.5

SENSAT 20.97 2.8

SENSAT 26.87 2.8

SCI 8.32 5.6

SCI 8.33 5.6

SCI 8.31 5.6

SCI 8.34 5.6

SCI 9.99 5.6

SCI 8.33 5.6

SVM 14.85 2.7

SVM 14.07 2.7

SVM 14.69 2.7

SVM 15.62 2.7

SPN 8.34 22.2

SGSINT 24.46 3.3

SHIPFI 12.92 3.7

SLGN 7.30 11.3

SLGN 7.57 11.3

SBGI 27.09 4.1

AFKSRU 9.60 8.7

SITHE 9.07 5.2

SKH 9.15 4.9

EMPCN 7.06 14.0

EMPCN 7.05 14.0

EMPCN 5.53 14.0

SAH 18.12 2.0

BID 13.24 2.7

SUG 24.60 3.9

T 6.17 15.1

T 7.63 15.1

TRK 7.43 8.9

TRK 7.98 8.9

SHPRS 46.00 3.0

S 10.38 7.0

S 9.18 7.0

S 7.09 7.0

S 8.15 7.0

S 11.01 7.0

S 8.76 7.0

S 11.87 7.0

SPW 7.68 11.2

STANAD 15.90 5.8

STANAD 32.24 5.8

SGU 10.76 10.0

HOT 7.72 6.2

HOT 8.77 6.2

HOT 8.47 6.2

HOT 7.66 6.2

STBRO 8.30 4.0

STBRO 6.36 4.0

CHMFRU 14.84 11.9

STLD 8.67 5.6

STLD 8.80 5.6

STLD 9.05 5.6

LVB 13.06 5.5

SCHI 11.84 2.5

STEWST 15.13 5.4

STEI 7.72 4.9

SGBCN 8.98 5.6

SPH 8.11 10.1

SUNH 8.64 4.9

SDSINC 7.20 3.5

SDSINC 9.27 3.5

SDSINC 11.17 3.5

SDSINC 9.80 3.5

SFY 12.64 21.8

SFY 9.03 21.8

TARRES 14.08 5.6

NGLS 10.86 5.9

TCKCN 7.09 8.7

TCKCN 8.01 8.7

TCKCN 6.64 8.7

TCKCN 7.72 8.7

TCKCN 8.26 8.7

TCKCN 8.34 8.7

TELEFO 5.66 23.3

TELEFO 4.46 23.3

TIN 8.07 7.3

TIN 7.67 7.3

TIN 7.26 7.3

THC 7.07 3.0

THC 6.11 3.0

THC 11.61 3.0

THC 9.42 3.0

THC 8.18 3.0

THC 7.91 3.0

THC 10.40 3.0

THC 9.61 3.0

THC 8.40 3.0

TEN 15.99 3.5

TEN 11.20 3.5

TEN 12.44 3.5

EP 6.45 4.3

EP 7.07 4.3

EP 7.07 4.3

EP 6.21 4.3

EP 7.10 4.3

EP 6.03 4.3

EP 7.10 4.3

TPP 12.06 2.8

TEX 9.18 10.1

TEX 12.12 10.1

TEX 10.23 10.1

TRA 8.32 51.0

TSO 7.74 14.1

TSO 9.12 14.1

TSO 9.30 14.1

TSO 10.03 14.1

TXU 20.56 15.9

TXU 20.56 15.9

TXU 22.20 15.9

MTW 15.50 4.8

THMD 21.62 4.1

TKTM 12.84 6.2

TWTC 7.82 5.9

TOY 12.36 3.8

TOY 11.02 3.8

TOY 13.27 3.8

TOY 15.92 3.8

TRS 15.14 3.9

TRUETB 14.86 4.2

TRUETB 15.05 4.2

TRW 15.14 5.5

TRW 11.70 5.5

TRW 11.10 5.5

TCMS 21.41 7.4

TVNSPZ 14.02 5.7

TXU 32.83 15.9

COV 6.94 23.2

COV 7.92 23.2

TSN 8.60 3.2

TSN 9.52 3.2

TSN 8.04 3.2

TSN 6.02 3.2

TSN 7.74 3.2

VIP 10.66 20.0

VIP 8.12 20.0

GTI 13.45 75.1

UFI 21.43 2.2

DOW 11.92 6.2

DOW 10.36 6.2

DOW 11.34 6.2

DOW 12.30 6.2

PAG 11.13 2.5

USPI 10.00 4.0

USPI 12.41 4.0

UVV 6.28 10.8

UVV 7.15 10.8

RMIX 21.43 1.7

USON 8.75 3.9

USON 10.74 3.9

X 7.78 20.0

X 8.24 20.0

X 8.74 20.0

X 8.78 20.0

VCI 16.51 3.6

VRX 8.18 10.4

VMI 7.76 21.1

VTR 8.19 4.6

VTR 8.04 4.6

VTR 7.68 4.6

VTR 8.17 4.6

VTR 7.61 4.6

VTR 7.77 4.6

QBRCN 7.94 5.1

QBRCN 7.95 5.1

QBRCN 8.38 5.1

QBRCN 8.38 5.1

VIP 10.16 20.0

VIP 11.26 20.0

VTCN 7.52 18.5

VTCN 7.75 18.5

VITROA 42.38 2.8

VITROA 28.67 2.8

WTI 13.54 19.1

WRC 6.97 15.1

WMG 11.35 4.5

WMG 17.16 4.5

WSII 10.45 4.6

WDAC 39.85 1.5

MWDP 10.09 2.2

MWDP 10.05 2.2

MWDP 11.30 2.2

MWDP 11.56 2.2

MWDP 6.35 2.2

WEN 9.71 3.6

WCC 12.08 9.3

WFTCN 10.38 6.0

WNR 13.90 6.9

WAB 7.39 24.7

WIEAV 7.06 4.7

WLS 40.66 9.3

WLS 45.40 9.3

WLS 48.78 9.3

WPZ 8.43 4.2

WPZ 6.64 4.2

WINDIM 10.72 6.1

WINDIM 10.41 6.1

WIN 8.42 6.5

WIN 7.68 6.5

WIN 8.38 6.5

WMG 8.56 4.5

WMG 13.35 4.5

WYN 9.50 11.2

WYN 9.41 11.2

XRX 10.60 4.6

ABOUT THIS SHEET

DATAFIELDS issuer

coupon

maturity

currency

amount out (mm)

rating S&P

rating Mdy's

bid price

price change

yield to worst

govt spread to worst

LTM as of

LTM EBITDA/int expense

LTM (EBITDA - capex)/int exp

LTM total debt/EBITDA

industry sector

industry subgroup

ticker

bonds currently selected

weighted average rating S&P

weighted average rating Mdy's

weighted average bid price

weighted average price change

weighted average yield to worst

www.zerohedge.com

high yield price indications & credit ratios

CURRENT SELECTION & AVERAGES


weighted average govt spread to worst

median LTM EBITDA/int expense

median LTM (EBITDA - capex)/int exp

SELECTION how it works...

rating s&p, rating moody's

multi ticker selection

manual selection

SORTING how it works...

REGRESSION how it works...

CURRENT SELECTION & AVERAGES

median average LTM total debt/EBITDA

issuer, currency, industry sector, industry subgroup

maturity, coupon, yield to worst, government spread to worst

REGRESSION

relative credit quality

relative credit quality - an example

things to know about the regression

a little hint

SPECIALS bloomberg bonddescription hotkey

when does the regression chart show up?

Name of the bond's issuer.

Coupon of the bond.

Maturity

Currency

Amount outstanding in millions of the respective currency.

Rating assigned by Standard & Poor's (including outlook).

Rating assigned by Moody's (including outlook).

The change from the second most recent price to the most recent price we have seen.

The bond's yield to worst for the bid price quoted.

The date of the last 'LTM' (last twelve months) data update for the credit ratios.

Interest coverage for the 'LTM' (last twelve months) period: LTM EBITDA/LTM interest expense.

Leverage for the 'LTM' (last twelve months) period: (LTM total debt)/EBITDA.

The issuer's industry sector.

The issuer's industry subgroup.

The ticker for the issuer name as used f.i. on bloomberg.

This field gives you the number of bonds you have currently selected.

www.zerohedge.com

Basically, this spreadsheet offers you information on pricing and credit ratios of high yield bonds we are following on a regular basis. It also includes a regression feature to graphically show the relationship between risk and return. The prices, yields and spreads shown are indicative only, we discover these levels from various sources.

This is the most recent bid price indication we have seen for each bond. The prices displayed come from various sources and contacts we have in the high yield marketplace worldwide.

Spread between the government yieldcurve in the corresponding currency and the bond's yield to worst (in basispoints).

Capex Interest coverage for the 'LTM' (last twelve month) period: (LTM EBITDA)-(LTM capital expenditures)/LTM interest expense.

Is the market weighted average rating by S&P of the bonds selected. Please note: if your selection includes bonds that have not been rated by S&P, they will not be included in the calculation of the average figure. The market weight is calculated using the bond's amount outstanding, the current fx rate and the current price.

Is the market weighted average rating by Moody's of the bonds selected. Please note: if your selection includes bonds that have not been rated by Moody's, they will not be included in the calculation of the average figure. The market weight is calculated using the bond's amount outstanding, the current fx rate and the current price.

Is the market weighted average bid price of the bonds in your current selection. Please note: if a bond does not have a bid price available, it will not be included in the calculation of the average figure. The market weight is calculated using the bond's amount outstanding, the current fx rate and the current price.

Is the market weighted average change in price from the second most recent price level to the most recent bid price we have seen. The market weight is calculated using the bond's amount outstanding, the current fx rate and the current price.

Is the market weighted average yield to worst of the bonds in your current selection. Please note: if a bond does not have a yield to worst available, it will not be included in the calculation of the average figure. The market weight is calculated using the bond's amount outstanding, the current fx rate and the current price.


These fields can be chosen simply from the corresponding dropdown lists.

Chose the rating bracket you would like to apply from the dropdown lists.

Is the market weighted average spread to worst of the bonds in your current selection. Please note: if a bond does not have a spread to worst available, it will not be included in the calculation of the average figure. The market weight is calculated using the bond's amount outstanding, the current fx rate and the current price.

Is the median of coverage (see above datafield definition) of the bonds in your current selection. Please note: if a bond does not have the interest coverage ratio available, it will not be included in the calculation of the median figure. We use the median rather than the weighted average for the credit ratios as we believe this to give a better overall figure since it is less sensitive to extreme values than the weighted average as used for prices, spreads etc.

Is the median of capex coverage (see above datafield definition) of the bonds in your current selection. Please note: if a bond does not have the capex coverage ratio available, it will not be included in the calculation of the median figure. We use the median rather than the weighted average for the credit ratios as we believe this to give a better overall figure since it is less sensitive to extreme values than the weighted average as used for prices, spreads etc.

Is the median of leverage (see above datafield definition) of the bonds in your current selection. Please note: if a bond does not have the leverage ratio available, it will not be included in the calculation of the median figure. We use the median rather than the weighted average for the credit ratios as we believe this to give a better overall figure since it is less sensitive to extreme values than the weighted average as used for prices, spreads etc.

The sheet offers you various fields for definining criteria to select certain bonds or groups of bonds. To use the selection, first enter your criteria by using the dropdown-lists or type them into the 'from' and 'to' fields. When you have set all criteria, hit the 'apply selection' button. It will take a little while (depending on how quick your computer is) for the selection to be applied. Until the selection is finished you will see the cursor showing the 'wait' sign instead of the 'northwest arrow'. If you want to see all bonds after having a selection applied, hit the 'show all' button. This will result in all selection criteria to be emptied. Also, during every application of your selection criteria, the data will be sorted in correspondance with the 'sorting' defined as described below.

For these fields you can enter a 'min' and a 'max' value. A range from '10' to '12' for the coupon f.i. will give you all the bonds with coupons between 10% and 12% (including both). If you enter a value only in the 'min' field, all bonds with at least the 'min'-value will be selected, if you enter a value only in the 'max' field, all bonds with the 'max'-value or less will be selected. If you enter the same value in the 'min' and the 'max' field, the match must be exact.

This selection field lets you enter up to 50 issuer-tickers of bonds you would like to be included in your selection. The tickers must be divided from each other by a space (' '). If you enter more than one ticker, a match with any of them will have a bond being included in your selection.

In addition to the ways to select a bond described above you can further refine your selection by using the 'manual selection' field. First, mark those bonds you want to treat somewhat special with an 'x' or any other lettter or sign of your choice. Second, decide what to do with these marked bonds by chosing an option in the 'manual selection' dropdown field: 'include marked' makes the bonds appear in your selection regardless of whether they fullfill the other criteria you might have set in the other selection fields. 'exclude marked' always excludes the marked bonds from your selection, even if they correspond to the criteria you have set. 'select only marked' brings you only a list of the marked bonds and disregards everything else selected. 'ignore marks' makes the marks you have set do nothing... Please be aware that when you hit the 'display all button' the marks on the bonds will not be lost but the selection from the dropdown field will automatically be set to 'ignore marks'.

To sort the bonds you have selected, simply choose the sorting order (ascending or descending) and a field from the list in the dropdown list. The sorting will be applied automatically as soon as you change either the field or the order of the sorting; it will not change anything in the selection you may or may not have applied - the sorting will take place within the bonds selected. The default sorting is ascending by issuer.

We calculate and display an exponential regression curve between the yield to worst of the selected bonds and what we call the relative credit quality (definition see below). You can actually see these two factors that are being used for the regression for every bond in your selection on the very right of the data table in the 'High Yield Indications' sheet: there are the two columns 'yield to worst' and 'relative credit quality'. You can also see it for every data point in the regression chart by clicking the chart and pointing your mouse over any data point.

There are 3 credit measures we include in our relative credit quality figure: coverage (LTM EBITDA/LTM interest expense), capexcoverage ((LTM EBITDA-capital expenditures)/LTM interest expense) and leverage (total debt/LTM EBITDA). As a first step to combine the 3 measures into one that is then being used in the regression we calculate their respective figures relative to the best figure within the current selection.

These relative measures are then being weighted and summed up (0.25*(relative coverage + relative capexcoverage)+0.5*(relative leverage), which gives an 'overall credit quality' figure. This new figure is again set in relation to the best overall figure in the current selection, resulting in relative credit quality figures between 100% for the best bond in the selection and somewhere above 0% for the worst bond in the selection.

To get this a bit more clear here is an example: let's assume we have a selection of 20 bonds, out of which we pick two: bond 'a' with coverage=2.3, capexcoverage=1.9 and leverage=4 in our selection, and bond 'b' (which happens to be the best one overall) with coverage=3.1, capexcoverage=2.8 and leverage=3 as well as the following single best figures for the ratios: coverage=3.3, capexcoverage=2.8 and leverage=3. Bond 'b' is therefore not only the best one overall, but also the best in the single ratios for capexcoverage and leverage.

In the first step the relative figures are being calculated for bond 'a': relative coverage=(2.3/3.3)=0.70, relative capexcoverage=(1.9/2.8)=0.68 and relative leverage=(3/4)=0.75. To proceed one step further, the relative ratios are being weighted and summed up into one figure for bond 'a': 'overall credit quality'=0.25*(0.70+0.68)+0.5*0.75=0.72. The same procedure is applied to bond 'b': coverage=(3.1/3.3)=0.94, capexcoverage=(2.8/2.8)=1 and leverage=(3/3)=1. Weighted and summed up for bond 'b' that gives 'overall credit quality'=0.25*(0.94+1.00)+0.5*1=0.98.

The last step is to express the 'overall credit quality' of the bonds in the selection as a percentage of the best bond in the selection (which is in this case, as mentioned, bond 'b') - this gives us the 'relative credit quality' as used for the regression and shown on the x-axis of the chart. For bond 'a' it is (0.72/0.98)=73%, for bond 'b' it is 0.98/0.98=100%

The regression will only be calculated & displayed if the dropdown field on the top left corner of the regression chart is set to "show regression bonds only" (as a default setting, this will be selected and the regression chart will be shown). This will result in the number of bonds displayed being reduced to those that actually have all the data available that is necessary for calculating the regression: all 3 credit measures - coverage, capexcoverage and leverage - that are being used to calculate the relative credit quality as well as the yield to worst. Please note: All those 4 factors used for the regression have to be positive. If a bond has either a 'nm' entry in the yield to worst (which might be a result f.i. of a call feature) or a 'nm' entry in one of the credit measures (which is a result of a negative EBITDA or negative (EBITDA-capex), it will not be included in the selection used for the regression. Also, if the current selection does not include at least two bonds of different credit quality with valid information, the regression will not be shown, even if you have selected so.

There have to be at least two different issuers with correspondingly two different full sets of credit quality data selected to make the regression chart appear (and, of course, the "show regression bonds only" selection has been taken on the top left corner of the chart).

You can check the data of one particular point in the chart by simply clicking on it. You will see a little message pop up that gives you the point's value on the x-axis (the relative credit quality) and on the y-axis (the yield to worst). If you have selected no more than 250 bonds, you will actually also see the bond directly (issuer ticker, coupon and maturity). If you have more than 250 bonds selected, the message will indicate that there is too much data for directly displaying these bond details.

To view the description of the bond your cursor is currently located on, simply hit STRG-d. The bloomberg bonddescription page will then appear on your Bloomberg (2) window. It is thereby irrelevant on which column of the spreadsheet the cursor is located as long as you have the correct row selected. You have to have open bloomberg installed on your system to run this function.

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rvhy 7-20-2009 zh

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