Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

Quarterly Schedule of Portfolio Holdings of

Registered Management Investment Company

Investment Company Act File Number: 811-02444

The Bond Fund of America

(Exact Name of Registrant as Specified in Charter)

333 South Hope Street,

Los Angeles, California 90071

(Address of Principal Executive Offices)

Registrant's telephone number, including area code: (213) 486-9200

Date of fiscal year end: December 31

Date of reporting period: September 30, 2012

Courtney R. Taylor

The Bond Fund of America

333 South Hope Street

Los Angeles, California 90071

(Name and Address of Agent for Service)

Copies to:

Michael Glazer

Bingham McCutchen LLP

355 South Grand Avenue, Suite 4400

Los Angeles, California 90071

(Counsel for the Registrant)

ITEM 1 – Schedule of Investments

Bond Fund of America SM

Investment portfolio

September 30, 2012

unaudited

Bonds & notes — 93.08%	Principal amount (000)			Value (000)

MORTGAGE-BACKED OBLIGATIONS — 36.18%
FEDERAL AGENCY MORTGAGE-BACKED OBLIGATIONS 1 — 32.84%
Fannie Mae, Series 2003-T1, Class B, 4.491% 2012	$	46,225		$	46,348
Fannie Mae 3.418% 2017 2		4,064			4,455
Fannie Mae, Series 2002-15, Class PG, 6.00% 2017		2,079			2,232
Fannie Mae 5.50% 2019		61			66
Fannie Mae 5.50% 2020		5,652			6,122
Fannie Mae 5.50% 2020		716			778
Fannie Mae 11.078% 2020 2		53			60
Fannie Mae, Series 2012-M5, Class A1, multifamily 1.787% 2022		3,681			3,802
Fannie Mae, Series 2012-M2, Class A2, multifamily 2.717% 2022		8,400			8,796
Fannie Mae, Series 2012-M3, Class 1-A2, multifamily 3.044% 2022		3,500			3,770
Fannie Mae, Series 2003-48, Class TJ, 4.50% 2022		2,506			2,546
Fannie Mae 5.00% 2023		3,302			3,601
Fannie Mae 5.50% 2023		19,182			20,855
Fannie Mae 5.50% 2023		18,469			20,103
Fannie Mae 6.00% 2023		2,094			2,347
Fannie Mae 4.50% 2024		12,657			13,666
Fannie Mae 6.00% 2024		4,941			5,506
Fannie Mae 3.50% 2025		22,975			24,474
Fannie Mae 3.50% 2025		17,667			18,819
Fannie Mae 3.50% 2025		12,893			13,734
Fannie Mae 3.50% 2025		10,020			10,673
Fannie Mae 3.50% 2025		8,879			9,459
Fannie Mae 3.50% 2025		5,691			6,062
Fannie Mae 4.50% 2025		17,035			18,436
Fannie Mae 4.50% 2025		9,643			10,437
Fannie Mae 4.50% 2025		9,426			10,201
Fannie Mae, Series 2001-4, Class GA, 9.667% 2025 2		196			228
Fannie Mae, Series 2001-4, Class NA, 11.289% 2025 2		450			504
Fannie Mae 2.502% 2026 2		345			366
Fannie Mae 3.50% 2026		80,767			86,037
Fannie Mae 3.50% 2026		9,568			10,192
Fannie Mae 3.50% 2026		9,321			9,929
Fannie Mae 4.00% 2026		14,487			15,511
Fannie Mae 6.00% 2026		12,528			13,976
Fannie Mae 2.50% 2027		441,935			463,548
Fannie Mae 2.50% 2027		52,250			54,920
Fannie Mae 2.50% 2027		21,250			22,376
Fannie Mae 2.50% 2027		17,000			17,888
Fannie Mae 2.50% 2027		11,000			11,577
Fannie Mae 2.50% 2027		10,383			10,927
Fannie Mae 2.50% 2027		9,849			10,365
Fannie Mae 2.50% 2027		7,000			7,367
Fannie Mae 2.50% 2027		5,000			5,262
Fannie Mae 2.50% 2027		3,000			3,157
Fannie Mae 2.50% 2027		551			580
Fannie Mae 2.50% 2027		217			229
Fannie Mae 3.00% 2027		733,716			777,739
Fannie Mae 3.00% 2027		232,770			246,409
Fannie Mae 3.00% 2027		56,376			60,209
Fannie Mae 3.50% 2027		472,990			503,365
Fannie Mae 5.50% 2027		5,994			6,561
Fannie Mae 6.00% 2028		3,162			3,492
Fannie Mae 6.00% 2028		1,813			2,005
Fannie Mae, Series 1998-W5, Class B3, 6.50% 2028		1,317			1,054
Fannie Mae, Series 2002-W7, Class A-5, 7.50% 2029		419			507
Fannie Mae, Series 2001-25, Class ZA, 6.50% 2031		2,721			3,080
Fannie Mae, Series 2001-20, Class E, 9.594% 2031 2		36			41
Fannie Mae 6.50% 2032		129			142
Fannie Mae 4.50% 2034		58,811			63,951
Fannie Mae 6.50% 2034		831			935
Fannie Mae 5.00% 2035		61,934			67,852
Fannie Mae 5.00% 2035		56,934			62,550
Fannie Mae, Series 2005-68, Class PG, 5.50% 2035		3,326			3,787
Fannie Mae, Series 2006-51, Class PO, principal only, 0% 2036		5,164			5,027
Fannie Mae, Series 2006-32, Class OA, principal only, 0% 2036		4,679			4,425
Fannie Mae, Series 2006-96, Class OP, principal only, 0% 2036		1,060			968
Fannie Mae 5.00% 2036		34,679			37,955
Fannie Mae 5.00% 2036		12,013			13,148
Fannie Mae, Series 2006-101, Class PC, 5.50% 2036		3,506			3,918
Fannie Mae 5.50% 2036		1,373			1,514
Fannie Mae, Series 2006-106, Class HG, 6.00% 2036		11,881			13,493
Fannie Mae, Series 2006-43, Class PX, 6.00% 2036		9,407			10,530
Fannie Mae 6.00% 2036		8,653			9,617
Fannie Mae 6.00% 2036		4,363			4,848
Fannie Mae 6.00% 2036		3,504			3,881
Fannie Mae 6.00% 2036		2,672			2,975
Fannie Mae 6.50% 2036		8,027			9,033
Fannie Mae 6.50% 2036		4,429			5,044
Fannie Mae 7.00% 2036		863			983
Fannie Mae 7.00% 2036		696			793
Fannie Mae 7.50% 2036		359			411
Fannie Mae 7.50% 2036		112			128
Fannie Mae 8.00% 2036		548			628
Fannie Mae 3.681% 2037 2		3,534			3,694
Fannie Mae 4.133% 2037 2		5,758			6,142
Fannie Mae 4.652% 2037 2		6,445			6,876
Fannie Mae 5.00% 2037		3,048			3,330
Fannie Mae 5.164% 2037 2		3,184			3,346
Fannie Mae, Series 2007-40, Class PT, 5.50% 2037		15,937			17,699
Fannie Mae 5.50% 2037		10,162			11,146
Fannie Mae 6.00% 2037		41,082			45,446
Fannie Mae 6.00% 2037		40,750			45,128
Fannie Mae 6.00% 2037		24,032			26,614
Fannie Mae 6.00% 2037		10,862			12,029
Fannie Mae 6.00% 2037		6,611			7,322
Fannie Mae 6.00% 2037		6,514			7,197
Fannie Mae 6.00% 2037		5,440			6,024
Fannie Mae 6.00% 2037		4,832			5,297
Fannie Mae 6.00% 2037		4,312			4,775
Fannie Mae 6.00% 2037		3,549			3,926
Fannie Mae 6.00% 2037		2,269			2,487
Fannie Mae 6.00% 2037		1,283			1,421
Fannie Mae 6.00% 2037		948			1,050
Fannie Mae 6.50% 2037		9,093			10,218
Fannie Mae 6.50% 2037		6,804			7,650
Fannie Mae 6.50% 2037		5,738			6,399
Fannie Mae 6.50% 2037		5,102			5,739
Fannie Mae 6.50% 2037		914			1,026
Fannie Mae 7.00% 2037		2,727			3,068
Fannie Mae 7.00% 2037		2,565			2,885
Fannie Mae 7.00% 2037		1,014			1,155
Fannie Mae 7.00% 2037		513			584
Fannie Mae 7.00% 2037		247			283
Fannie Mae 7.00% 2037		218			249
Fannie Mae 7.50% 2037		660			755
Fannie Mae 7.50% 2037		583			666
Fannie Mae 7.50% 2037		566			648
Fannie Mae 7.50% 2037		550			629
Fannie Mae 7.50% 2037		484			554
Fannie Mae 7.50% 2037		468			535
Fannie Mae 7.50% 2037		457			522
Fannie Mae 7.50% 2037		426			487
Fannie Mae 7.50% 2037		413			473
Fannie Mae 7.50% 2037		372			425
Fannie Mae 7.50% 2037		234			268
Fannie Mae 7.50% 2037		191			219
Fannie Mae 7.50% 2037		128			150
Fannie Mae 7.50% 2037		68			77
Fannie Mae 7.50% 2037		26			30
Fannie Mae 8.00% 2037		178			204
Fannie Mae 8.00% 2037		119			138
Fannie Mae 8.00% 2037		101			116
Fannie Mae 5.00% 2038		28,894			31,569
Fannie Mae 5.00% 2038		20,465			22,360
Fannie Mae 5.332% 2038 2		2,731			2,932
Fannie Mae 5.382% 2038 2		6,862			7,379
Fannie Mae 5.397% 2038 2		669			725
Fannie Mae 5.50% 2038		18,589			20,388
Fannie Mae 5.50% 2038		135			148
Fannie Mae 6.00% 2038		142,997			158,360
Fannie Mae 6.00% 2038		136,975			151,757
Fannie Mae 6.00% 2038		99,651			110,357
Fannie Mae 6.00% 2038		40,989			46,016
Fannie Mae 6.00% 2038		29,542			32,671
Fannie Mae 6.00% 2038		24,850			27,557
Fannie Mae 6.00% 2038		20,675			22,851
Fannie Mae 6.00% 2038		10,510			11,626
Fannie Mae 6.00% 2038		8,879			9,804
Fannie Mae 6.00% 2038		7,822			8,643
Fannie Mae 6.00% 2038		6,472			7,167
Fannie Mae 6.00% 2038		4,755			5,255
Fannie Mae 6.00% 2038		4,556			5,045
Fannie Mae 6.00% 2038		4,234			4,675
Fannie Mae 6.00% 2038		4,224			4,667
Fannie Mae 6.00% 2038		706			781
Fannie Mae 6.00% 2038		190			210
Fannie Mae 6.50% 2038		90,884			103,579
Fannie Mae 6.50% 2038		9,349			10,655
Fannie Mae 3.516% 2039 2		4,815			5,050
Fannie Mae 3.555% 2039 2		3,355			3,502
Fannie Mae 3.595% 2039 2		11,823			12,431
Fannie Mae 3.706% 2039 2		643			679
Fannie Mae 3.769% 2039 2		3,343			3,524
Fannie Mae 3.816% 2039 2		1,418			1,496
Fannie Mae 3.845% 2039 2		4,304			4,512
Fannie Mae 3.892% 2039 2		1,598			1,693
Fannie Mae 3.913% 2039 2		1,828			1,917
Fannie Mae 3.941% 2039 2		1,464			1,544
Fannie Mae 3.955% 2039 2		7,751			8,177
Fannie Mae 4.50% 2039		34,447			37,291
Fannie Mae 5.00% 2039		26,185			29,272
Fannie Mae 5.50% 2039		21,160			23,208
Fannie Mae 5.50% 2039		2,968			3,256
Fannie Mae 6.00% 2039		56,969			63,089
Fannie Mae 6.00% 2039		38,479			42,613
Fannie Mae 6.00% 2039		19,174			21,222
Fannie Mae 6.00% 2039		17,650			19,535
Fannie Mae 6.00% 2039		6,811			7,534
Fannie Mae 6.00% 2039		6,412			7,094
Fannie Mae 6.00% 2039		6,383			7,069
Fannie Mae 6.00% 2039		3,984			4,412
Fannie Mae 6.00% 2039		3,340			3,692
Fannie Mae 6.00% 2039		3,178			3,505
Fannie Mae 6.00% 2039		663			734
Fannie Mae 6.00% 2039		342			377
Fannie Mae 3.207% 2040 2		34,635			36,502
Fannie Mae 3.607% 2040 2		6,092			6,431
Fannie Mae 4.00% 2040		49,273			53,170
Fannie Mae 4.00% 2040		19,278			21,194
Fannie Mae 4.00% 2040		10,969			11,837
Fannie Mae 4.17% 2040 2		2,077			2,219
Fannie Mae 4.408% 2040 2		7,683			8,221
Fannie Mae 4.50% 2040		73,791			80,114
Fannie Mae 4.50% 2040		8,026			8,713
Fannie Mae 4.50% 2040		6,830			7,416
Fannie Mae 4.50% 2040		5,269			5,702
Fannie Mae 4.50% 2040		3,891			4,224
Fannie Mae 4.50% 2040		427			474
Fannie Mae 5.00% 2040		36,357			40,010
Fannie Mae 5.00% 2040		17,038			19,105
Fannie Mae 5.00% 2040		12,604			14,299
Fannie Mae 5.00% 2040		3,191			3,599
Fannie Mae 5.00% 2040		3,152			3,469
Fannie Mae 5.00% 2040		2,332			2,555
Fannie Mae 5.50% 2040		33,115			36,251
Fannie Mae 5.50% 2040		13,888			15,371
Fannie Mae 5.50% 2040		2,081			2,304
Fannie Mae 6.00% 2040		40,385			44,724
Fannie Mae 6.00% 2040		11,191			12,348
Fannie Mae 6.00% 2040		10,667			11,790
Fannie Mae 2.911% 2041 2		3,679			3,886
Fannie Mae 3.569% 2041 2		14,469			15,354
Fannie Mae 3.586% 2041 2		2,337			2,481
Fannie Mae 3.758% 2041 2		7,694			8,198
Fannie Mae 4.00% 2041		157,679			173,352
Fannie Mae 4.00% 2041		157,825			170,307
Fannie Mae 4.00% 2041		92,661			101,871
Fannie Mae 4.00% 2041		32,571			35,147
Fannie Mae 4.00% 2041		24,679			27,128
Fannie Mae 4.00% 2041		19,305			20,838
Fannie Mae 4.00% 2041		16,795			18,123
Fannie Mae 4.00% 2041		16,415			17,718
Fannie Mae 4.00% 2041		13,103			14,406
Fannie Mae 4.00% 2041		12,281			13,252
Fannie Mae 4.00% 2041		10,354			11,384
Fannie Mae 4.00% 2041		8,968			9,680
Fannie Mae 4.00% 2041		8,187			8,835
Fannie Mae 4.00% 2041		7,045			7,745
Fannie Mae 4.00% 2041		6,799			7,336
Fannie Mae 4.00% 2041		6,378			6,862
Fannie Mae 4.00% 2041		420			453
Fannie Mae 4.50% 2041		69,022			75,065
Fannie Mae 4.50% 2041		52,630			57,238
Fannie Mae 4.50% 2041		37,299			41,777
Fannie Mae 4.50% 2041		36,390			40,758
Fannie Mae 4.50% 2041		35,206			38,223
Fannie Mae 4.50% 2041		32,175			35,796
Fannie Mae 4.50% 2041		27,055			29,424
Fannie Mae 4.50% 2041		26,573			28,899
Fannie Mae 4.50% 2041		24,734			26,900
Fannie Mae 4.50% 2041		24,119			26,834
Fannie Mae 4.50% 2041		10,122			11,338
Fannie Mae 4.50% 2041		10,178			11,323
Fannie Mae 4.50% 2041		9,283			10,421
Fannie Mae 4.50% 2041		7,246			7,880
Fannie Mae 4.50% 2041		6,853			7,428
Fannie Mae 4.50% 2041		1,785			1,941
Fannie Mae 4.50% 2041		1,339			1,490
Fannie Mae 5.00% 2041		44,761			50,780
Fannie Mae 5.00% 2041		33,604			38,123
Fannie Mae 5.00% 2041		25,307			28,710
Fannie Mae 5.00% 2041		21,730			24,652
Fannie Mae 5.00% 2041		21,601			24,506
Fannie Mae 5.00% 2041		18,621			21,124
Fannie Mae 5.00% 2041		17,449			19,566
Fannie Mae 5.00% 2041		16,760			19,014
Fannie Mae 5.00% 2041		15,006			17,024
Fannie Mae 5.00% 2041		14,197			16,106
Fannie Mae 5.00% 2041		13,979			15,859
Fannie Mae 5.00% 2041		12,574			14,264
Fannie Mae 5.00% 2041		10,875			12,338
Fannie Mae 5.00% 2041		9,279			10,526
Fannie Mae 5.00% 2041		8,663			9,814
Fannie Mae 5.00% 2041		7,705			8,741
Fannie Mae 5.00% 2041		7,385			8,102
Fannie Mae 5.00% 2041		6,624			7,514
Fannie Mae 5.00% 2041		6,080			6,889
Fannie Mae 5.00% 2041		5,817			6,599
Fannie Mae 5.00% 2041		4,301			4,861
Fannie Mae 5.00% 2041		3,842			4,353
Fannie Mae 5.00% 2041		2,595			2,940
Fannie Mae 5.00% 2041		2,503			2,835
Fannie Mae 5.00% 2041		2,261			2,565
Fannie Mae 5.00% 2041		1,967			2,229
Fannie Mae 5.00% 2041		1,502			1,697
Fannie Mae 5.00% 2041		1,377			1,562
Fannie Mae 5.00% 2041		1,368			1,553
Fannie Mae 5.50% 2041		24,275			26,654
Fannie Mae 5.50% 2041		11,101			12,176
Fannie Mae, Series 2001-T10, Class A-1, 7.00% 2041		3,720			4,365
Fannie Mae, Series 2001-50, Class BA, 7.00% 2041		1,005			1,151
Fannie Mae, Series 2002-W3, Class A-5, 7.50% 2041		2,214			2,656
Fannie Mae 3.00% 2042		508,340			536,616
Fannie Mae 3.00% 2042		138,250			145,573
Fannie Mae 3.50% 2042		413,643			443,632
Fannie Mae 3.50% 2042		123,000			131,591
Fannie Mae 3.50% 2042		110,497			119,307
Fannie Mae 3.50% 2042		95,270			102,539
Fannie Mae 3.50% 2042		80,785			87,656
Fannie Mae 3.50% 2042		67,440			72,638
Fannie Mae 3.50% 2042		65,171			70,327
Fannie Mae 3.50% 2042		63,458			68,299
Fannie Mae 3.50% 2042		56,983			61,366
Fannie Mae 3.50% 2042		56,870			61,245
Fannie Mae 3.50% 2042		54,479			58,822
Fannie Mae 3.50% 2042		49,820			53,489
Fannie Mae 3.50% 2042		41,058			44,331
Fannie Mae 3.50% 2042		32,835			35,433
Fannie Mae 3.50% 2042		32,693			35,433
Fannie Mae 3.50% 2042		27,939			30,167
Fannie Mae 3.50% 2042		26,998			29,150
Fannie Mae 3.50% 2042		24,922			26,909
Fannie Mae 3.50% 2042		24,868			26,850
Fannie Mae 3.50% 2042		24,838			26,751
Fannie Mae 3.50% 2042		23,295			25,152
Fannie Mae 3.50% 2042		21,339			23,027
Fannie Mae 3.50% 2042		19,774			21,350
Fannie Mae 3.50% 2042		18,832			20,333
Fannie Mae 3.50% 2042		17,138			18,459
Fannie Mae 3.50% 2042		16,071			17,352
Fannie Mae 3.50% 2042		15,990			17,265
Fannie Mae 3.50% 2042		14,639			15,768
Fannie Mae 3.50% 2042		13,921			15,031
Fannie Mae 3.50% 2042		12,352			13,262
Fannie Mae 3.50% 2042		9,972			10,767
Fannie Mae 3.50% 2042		9,511			10,269
Fannie Mae 3.50% 2042		7,273			7,883
Fannie Mae 3.50% 2042		5,198			5,613
Fannie Mae 3.50% 2042		4,945			5,339
Fannie Mae 3.50% 2042		4,906			5,297
Fannie Mae 3.50% 2042		4,671			5,043
Fannie Mae 3.50% 2042		2,737			2,955
Fannie Mae 3.50% 2042		2,342			2,529
Fannie Mae 3.50% 2042		2,113			2,281
Fannie Mae 3.50% 2042		2,054			2,218
Fannie Mae 3.50% 2042		1,181			1,275
Fannie Mae 4.00% 2042		157,050			169,246
Fannie Mae 4.00% 2042		47,353			52,053
Fannie Mae 4.50% 2042		229,213			248,052
Fannie Mae 5.50% 2042		56,838			62,318
Fannie Mae, Series 2002-W1, Class 2A, 7.014% 2042 2		2,787			3,294
Fannie Mae 6.00% 2047		368			400
Fannie Mae 6.50% 2047		492			548
Fannie Mae 6.50% 2047		119			133
Fannie Mae 7.00% 2047		827			925
Fannie Mae 7.00% 2047		68			77
Freddie Mac, Series K501, Class A1, multifamily 1.337% 2016		4,058			4,131
Freddie Mac, Series K702, Class A1, multifamily 2.084% 2017		2,221			2,305
Freddie Mac, Series K701, Class A2, multifamily 3.882% 2017 2		3,300			3,749
Freddie Mac, Series K705, Class A2, multifamily 2.303% 2018		3,092			3,288
Freddie Mac, Series K706, Class A2, multifamily 2.323% 2018		3,225			3,420
Freddie Mac, Series K704, Class A2, multifamily 2.412% 2018		3,100			3,304
Freddie Mac, Series K702, Class A2, multifamily 3.154% 2018		15,455			17,059
Freddie Mac, Series K710, Class A2, multifamily 1.883% 2019		2,330			2,404
Freddie Mac, Series K709, Class A2, multifamily 2.086% 2019		1,870			1,967
Freddie Mac, Series 2890, Class KT, 4.50% 2019		2,500			2,795
Freddie Mac 5.50% 2019		2,912			3,135
Freddie Mac, Series K015, Class A1, multifamily 2.257% 2020		3,502			3,702
Freddie Mac, Series K009, Class A1, multifamily 2.757% 2020		3,731			3,994
Freddie Mac, Series K014, Class A1, multifamily 2.788% 2020		3,838			4,138
Freddie Mac, Series K013, Class A1, multifamily 2.902% 2020		3,980			4,281
Freddie Mac, Series K010, Class A1, multifamily 3.32% 2020 2		3,522			3,860
Freddie Mac, Series K011, Class A2, multifamily 4.084% 2020 2		4,150			4,833
Freddie Mac, Series K019, Class A1, multifamily 1.459% 2021		2,217			2,266
Freddie Mac, Series K017, Class A2, multifamily 2.873% 2021		4,200			4,489
Freddie Mac, Series 2626, Class NG, 3.50% 2023		412			424
Freddie Mac, Series 2922, Class EL, 4.50% 2023		3,254			3,283
Freddie Mac 5.00% 2023		4,309			4,654
Freddie Mac 5.00% 2023		156			169
Freddie Mac 5.00% 2023		23			25
Freddie Mac, Series 1617, Class PM, 6.50% 2023		837			943
Freddie Mac 5.00% 2024		9,963			10,765
Freddie Mac 6.00% 2026		7,435			8,169
Freddie Mac 6.00% 2026		6,596			7,248
Freddie Mac 5.50% 2027		4,129			4,495
Freddie Mac 6.00% 2027		46,583			51,185
Freddie Mac, Series 2153, Class GG, 6.00% 2029		1,431			1,612
Freddie Mac, Series 2122, Class QM, 6.25% 2029		2,348			2,653
Freddie Mac 2.727% 2035 2		5,971			6,421
Freddie Mac, Series 3061, Class PN, 5.50% 2035		21,453			23,717
Freddie Mac, Series 3136, Class OP, principal only, 0% 2036		4,150			4,004
Freddie Mac, Series 3147, Class OD, principal only, 0% 2036		2,772			2,711
Freddie Mac, Series 3149, Class MO, principal only, 0% 2036		2,831			2,645
Freddie Mac, Series 3149, Class AO, principal only, 0% 2036		2,481			2,432
Freddie Mac, Series 3156, Class PO, principal only, 0% 2036		54			51
Freddie Mac, Series 3257, Class PA, 5.50% 2036		28,969			32,201
Freddie Mac, Series 3233, Class PA, 6.00% 2036		22,362			25,137
Freddie Mac, Series 3156, Class NG, 6.00% 2036		7,157			8,107
Freddie Mac 2.256% 2037 2		2,411			2,544
Freddie Mac 2.41% 2037 2		4,932			5,200
Freddie Mac 4.50% 2037		21,683			23,361
Freddie Mac, Series 3286, Class JN, 5.50% 2037		29,855			32,788
Freddie Mac, Series 3318, Class JT, 5.50% 2037		16,824			18,478
Freddie Mac, Series 3312, Class PA, 5.50% 2037		15,321			16,978
Freddie Mac 5.50% 2037		8,854			9,656
Freddie Mac 5.50% 2037		61			66
Freddie Mac 5.689% 2037 2		3,608			3,908
Freddie Mac, Series 3271, Class OA, 6.00% 2037		9,033			10,238
Freddie Mac 7.00% 2037		511			576
Freddie Mac 7.00% 2037		163			184
Freddie Mac 7.00% 2037		139			159
Freddie Mac 7.50% 2037		2,003			2,261
Freddie Mac 4.985% 2038 2		4,455			4,778
Freddie Mac 5.262% 2038 2		8,229			8,804
Freddie Mac 5.484% 2038 2		10,352			11,083
Freddie Mac 5.50% 2038		71,781			78,237
Freddie Mac 5.50% 2038		13,340			14,540
Freddie Mac 5.50% 2038		9,336			10,202
Freddie Mac 5.50% 2038		8,559			9,328
Freddie Mac 5.50% 2038		7,305			7,969
Freddie Mac 5.50% 2038		3,521			3,840
Freddie Mac 5.50% 2038		3,201			3,589
Freddie Mac 5.50% 2038		3,152			3,436
Freddie Mac 5.50% 2038		2,251			2,456
Freddie Mac 5.50% 2038		2,083			2,273
Freddie Mac 5.50% 2038		1,471			1,605
Freddie Mac 6.00% 2038		21,745			23,883
Freddie Mac 6.50% 2038		5,694			6,371
Freddie Mac 3.74% 2039 2		4,075			4,299
Freddie Mac 5.00% 2039		31,196			33,819
Freddie Mac 5.50% 2039		56,593			61,736
Freddie Mac 5.50% 2039		29,389			32,096
Freddie Mac, Series K020, Class A2, multifamily 2.373% 2040		32,600			33,343
Freddie Mac 3.192% 2040 2		3,782			3,982
Freddie Mac 4.50% 2040		81,830			88,269
Freddie Mac 5.50% 2040		800			873
Freddie Mac 5.50% 2040		32			35
Freddie Mac 4.50% 2041		21,784			24,145
Freddie Mac 4.50% 2041		11,558			12,810
Freddie Mac 4.50% 2041		6,593			7,307
Freddie Mac 4.50% 2041		1,511			1,675
Freddie Mac 5.00% 2041		37,538			42,583
Freddie Mac 5.00% 2041		20,765			23,556
Freddie Mac 5.00% 2041		15,458			17,536
Freddie Mac 5.00% 2041		14,589			16,550
Freddie Mac 5.00% 2041		13,341			15,134
Freddie Mac 5.00% 2041		11,829			13,212
Freddie Mac 5.00% 2041		9,351			10,608
Freddie Mac 5.00% 2041		8,981			10,188
Freddie Mac 5.00% 2041		8,820			10,005
Freddie Mac 5.00% 2041		8,342			9,463
Freddie Mac 5.00% 2041		6,372			7,228
Freddie Mac 5.50% 2041		75,571			82,439
Freddie Mac 5.50% 2041		25,336			27,638
Freddie Mac 6.50% 2047		862			952
Freddie Mac 7.00% 2047		278			311
Government National Mortgage Assn. 10.00% 2021		355			390
Government National Mortgage Assn. 2.50% 2027		10,231			10,883
Government National Mortgage Assn. 2.50% 2027		9,284			9,851
Government National Mortgage Assn. 2.50% 2027		5,174			5,490
Government National Mortgage Assn. 3.00% 2027		10,010			10,766
Government National Mortgage Assn. 5.00% 2034		1,029			1,122
Government National Mortgage Assn. 5.50% 2034		1,938			2,137
Government National Mortgage Assn. 5.50% 2034		1,592			1,756
Government National Mortgage Assn., Series 2005-58, Class NO, principal only, 0% 2035		2,028			2,012
Government National Mortgage Assn. 5.00% 2035		1,293			1,410
Government National Mortgage Assn. 5.00% 2035		1,113			1,217
Government National Mortgage Assn. 5.50% 2035		1,446			1,587
Government National Mortgage Assn. 5.50% 2036		1,311			1,445
Government National Mortgage Assn. 5.50% 2037		1,256			1,385
Government National Mortgage Assn. 6.00% 2038		28,831			32,622
Government National Mortgage Assn. 6.50% 2038		1,375			1,584
Government National Mortgage Assn. 3.50% 2039		10,564			11,596
Government National Mortgage Assn. 3.50% 2039		10,466			11,489
Government National Mortgage Assn. 3.50% 2039		4,249			4,664
Government National Mortgage Assn. 4.50% 2039		4,373			4,748
Government National Mortgage Assn. 4.50% 2039		2,258			2,451
Government National Mortgage Assn. 4.50% 2039		1,446			1,569
Government National Mortgage Assn. 5.00% 2039		3,312			3,609
Government National Mortgage Assn. 5.00% 2039		2,856			3,112
Government National Mortgage Assn. 5.50% 2039		10,792			11,892
Government National Mortgage Assn. 5.50% 2039		2,386			2,628
Government National Mortgage Assn. 5.50% 2039		2,233			2,459
Government National Mortgage Assn. 5.50% 2039		1,230			1,348
Government National Mortgage Assn. 5.50% 2039		480			528
Government National Mortgage Assn. 3.50% 2040		9,119			10,038
Government National Mortgage Assn. 4.00% 2040		106,763			118,013
Government National Mortgage Assn. 4.50% 2040		16,631			18,061
Government National Mortgage Assn. 4.50% 2040		10,746			11,670
Government National Mortgage Assn. 4.50% 2040		7,036			7,813
Government National Mortgage Assn. 4.50% 2040		4,284			4,646
Government National Mortgage Assn. 4.50% 2040		3,828			4,162
Government National Mortgage Assn. 4.50% 2040		2,218			2,408
Government National Mortgage Assn. 4.50% 2040		498			541
Government National Mortgage Assn. 5.00% 2040		6,333			6,919
Government National Mortgage Assn. 5.00% 2040		1,472			1,593
Government National Mortgage Assn. 3.50% 2041		1,061			1,164
Government National Mortgage Assn. 4.00% 2041		5,645			6,240
Government National Mortgage Assn. 4.50% 2041		2,079			2,261
Government National Mortgage Assn. 4.50% 2041		1,997			2,167
Government National Mortgage Assn. 4.50% 2041		1,909			2,075
Government National Mortgage Assn. 5.00% 2041		2,841			3,111
Government National Mortgage Assn. 5.00% 2041		1,628			1,779
Government National Mortgage Assn. 5.00% 2041		1,620			1,771
Government National Mortgage Assn. 3.50% 2042		169,883			185,863
Government National Mortgage Assn. 3.50% 2042		10,046			11,007
Government National Mortgage Assn. 3.50% 2042		1,633			1,766
FDIC Structured Sale Guaranteed Notes, Series 2010-L2A, Class A, 3.00% 2019 3		16,010			16,287
FDIC Structured Sale Guaranteed Notes, Series 2010-S1, Class 1-A, 0.782% 2048 2,3		448			449
National Credit Union Administration, Series 2011-M1, Class A1, 0.248% 2013 2		2,486			2,486
National Credit Union Administration, Series 2011-M1, Class A2, 1.40% 2015		1,368			1,393
National Credit Union Administration, Series 2010-R2, Class 1A, 0.598% 2017 2		2,082			2,087
National Credit Union Administration, Series 2011-R3, Class 1A, 0.628% 2020 2		2,056			2,063
National Credit Union Administration, Series 2011-R1, Class 1A, 0.678% 2020 2		2,267			2,278
					11,175,225

COMMERCIAL MORTGAGE-BACKED SECURITIES 1 — 2.67%
J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2004-CBX, Class A-5, 4.654% 2037		2,123			2,161
J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2005-CIBC12, Class A-3B, 5.465% 2037 2		17,430			17,819
J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2004-C3, Class A-3, 4.545% 2042		3,190			3,227
J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2005-LDP4, Class A-3A1, 4.871% 2042		1,105			1,114
J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2005-LDP3, Class A-4A, 4.936% 2042 2		1,655			1,830
J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2005-LDP5, Class A-2, 5.198% 2044		5,553			5,566
J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2006-LDP7, Class A-4, 6.061% 2045 2		66,235			76,627
J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2011-C3A, Class A-2, 3.673% 2046 3		43,400			47,140
J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2005-LDP1, Class A-2, 4.625% 2046		5,155			5,172
J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2007-CB19, Class A-4, 5.918% 2049 2		33,812			39,991
Greenwich Capital Commercial Funding Corp., Series 2005-GG5, Class A-2, 5.117% 2037		901			904
Greenwich Capital Commercial Funding Corp., Series 2005-GG5, Class A-5, 5.224% 2037 2		11,000			12,185
Greenwich Capital Commercial Funding Corp., Series 2005-GG5, Class A-4-1, 5.243% 2037 2		15,000			15,290
Greenwich Capital Commercial Funding Corp., Series 2006-GG7, Class A-4, 6.065% 2038 2		13,465			15,646
Greenwich Capital Commercial Funding Corp., Series 2007-GG9, Class A-4, 5.444% 2039		39,945			45,862
CS First Boston Mortgage Securities Corp., Series 2004-C5, Class A-3, 4.499% 2037		9,368			9,520
CS First Boston Mortgage Securities Corp., Series 2005-C3, Class A-AB, 4.614% 2037		10,365			10,756
CS First Boston Mortgage Securities Corp., Series 2004-C1, Class E, 5.015% 2037 3		8,240			7,949
CS First Boston Mortgage Securities Corp., Series 2002-CKN2, Class A-3, 6.133% 2037		32			32
CS First Boston Mortgage Securities Corp., Series 2005-C5, Class A-AB, 5.10% 2038 2		7,053			7,245
CS First Boston Mortgage Securities Corp., Series 2006-C5, Class A-3, 5.311% 2039		25,026			28,620
CS First Boston Mortgage Securities Corp., Series 2006-C1, Class A-3, 5.588% 2039 2		6,660			6,847
CS First Boston Mortgage Securities Corp., Series 2005-C6, Class A-3, 5.23% 2040 2		16,417			16,820
American Tower Trust I, Series 2007-1A, Class A-FX, 5.42% 2037 3		18,500			19,287
American Tower Trust I, Series 2007-1A, Class B, 5.537% 2037 3		10,000			10,536
American Tower Trust I, Series 2007-1A, Class C, 5.615% 2037 3		10,000			10,499
American Tower Trust I, Series 2007-1A, Class D, 5.957% 2037 3		35,515			36,579
American Tower Trust I, Series 2007-1A, Class F, 6.639% 2037 3		5,000			5,091
Citigroup-Deutsche Bank Commercial Mortgage Trust, Series 2005-CD1, Class A-4, 5.393% 2044 2		17,005			19,096
Citigroup-Deutsche Bank Commercial Mortgage Trust, Series 2006-CD3, Class A-5, 5.617% 2048		45,484			52,721
J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2006-LDP6, Class A-4, 5.475% 2043 2		42,550			48,358
J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2006-LDP8, Class A-4, 5.399% 2045		14,040			16,259
DBUBS Mortgage Trust, Series 2011-LC1A, Class A1, 3.742% 2046 3		55,061			59,913
ML-CFC Commercial Mortgage Trust, Series 2006-4, Class A-3, 5.172% (undated) 2		41,210			47,249
L.A. Arena Funding, LLC, Series 1, Class A, 7.656% 2026 3		36,610			40,593
Merrill Lynch Mortgage Trust, Series 2005-CKI1, Class AM, 5.39% 2037 2		4,620			4,982
Merrill Lynch Mortgage Trust, Series 2004-BPC1, Class A-5, 4.855% 2041 2		6,805			7,254
Merrill Lynch Mortgage Trust, Series 2005-MCP1, Class A-4, 4.747% 2043 2		8,080			8,791
Merrill Lynch Mortgage Trust, Series 2005-MCP1, Class AM, 4.805% 2043 2		6,300			6,725
Merrill Lynch Mortgage Trust, Series 2006-C2, Class A-4, 5.742% 2043 2		10,250			11,872
Wachovia Bank Commercial Mortgage Trust, Series 2005-C18, Class A-PB, 4.807% 2042		1,502			1,560
Wachovia Bank Commercial Mortgage Trust, Series 2005-C20, Class A-7, 5.118% 2042 2		9,605			10,691
Wachovia Bank Commercial Mortgage Trust, Series 2005-C22, Class A-4, 5.469% 2044 2		15,350			17,319
Wachovia Bank Commercial Mortgage Trust, Series 2005-C22, Class A-PB, 5.474% 2044 2		5,545			5,758
Wachovia Bank Commercial Mortgage Trust, Series 2006-C23, Class A-PB, 5.446% 2045		472			472
Crown Castle Towers LLC, Series 2010-1, Class C, 4.523% 2035 3		2,000			2,101
Crown Castle Towers LLC, Series 2010-5, Class C, 4.174% 2037 3		20,000			22,032
Crown Castle Towers LLC, Series 2010-2, Class C, 5.495% 2037 3		10,000			11,082
Banc of America Commercial Mortgage Inc., Series 2004-5, Class A-AB, 4.673% 2041		490			496
Banc of America Commercial Mortgage Inc., Series 2005-3, Class A-2, 4.501% 2043		207			210
Banc of America Commercial Mortgage Inc., Series 2005-5, Class A-4, 5.115% 2045 2		2,500			2,790
Banc of America Commercial Mortgage Inc., Series 2006-4, Class A-4, 5.634% 2046		15,990			18,480
Banc of America Commercial Mortgage Inc., Series 2007-3, Class A-4, 5.893% (undated) 2		3,615			4,170
Commercial Mortgage Trust, Series 2003-LNB1, Class A-2, 4.084% 2038		15,626			15,846
GE Commercial Mortgage Corp., Series 2006-C1, Class A-4, 5.481% 2044 2		9,210			10,429
COBALT CMBS Commercial Mortgage Trust, Series 2006-C1, Class A-2, 5.174% 2048		744			755
LB-UBS Commercial Mortgage Trust, Series 2005-C7, Class A-2, 5.103% 2030		377			377
Morgan Stanley Capital I Trust, Series 2005-HQ7, Class A-2, 5.383% 2042 2		118			119
					908,815

OTHER MORTGAGE-BACKED SECURITIES 1 — 0.55%
Bank of Montreal 1.30% 2014 3		4,000			4,076
Bank of Montreal 2.85% 2015 3		17,000			18,078
Bank of Montreal 2.625% 2016 3		4,250			4,534
Compagnie de Financement Foncier 2.125% 2013 3		16,700			16,844
Compagnie de Financement Foncier 2.25% 2014 3		6,500			6,631
Royal Bank of Canada 3.125% 2015 3		18,160			19,330
Bank of Nova Scotia 1.25% 2014 3		4,000			4,072
Bank of Nova Scotia 2.15% 2016 3		4,650			4,904
Bank of Nova Scotia 1.75% 2017 3		4,150			4,326
DEPFA ACS Bank 5.125% 2037 3		16,250			12,363
Westpac Banking Corp. 1.375% 2015 3		4,325			4,383
Westpac Banking Corp. 2.45% 2016 3		4,325			4,546
Australia & New Zealand Banking Group Ltd. 1.00% 2015 3		4,250			4,260
Australia & New Zealand Banking Group Ltd. 2.40% 2016 3		4,250			4,458
UBS AG 1.875% 2015 3		4,200			4,289
UBS AG 2.25% 2017 3		4,150			4,325
Barclays Bank PLC 2.50% 2015 3		3,600			3,737
Barclays Bank PLC 2.25% 2017 3		4,375			4,515
Swedbank Hypotek AB 2.125% 2016 3		3,400			3,535
Swedbank Hypotek AB 2.95% 2016 3		3,000			3,201
Toronto-Dominion Bank 1.625% 2016 3		4,400			4,554
Credit Suisse Group AG 2.60% 2016 3		4,300			4,539
Northern Rock PLC 5.625% 2017 3		4,000			4,533
Canadian Imperial Bank 2.75% 2016 3		4,150			4,446
HSBC Bank PLC 1.625% 2014 3		4,400			4,432
National Bank of Canada 2.20% 2016 3		4,175			4,420
Commonwealth Bank of Australia 2.25% 2017 3		4,150			4,309
Stadshypotek AB 1.875% 2019 3		4,275			4,284
Nordea Eiendomskreditt AS 2.125% 2017 3		4,000			4,164
National Australia Bank 2.00% 2017 3		3,500			3,600
Sparebank 1 Boligkreditt AS 2.625% 2016 3		3,400			3,597
Caisse Centrale Desjardins 1.60% 2017 3		3,375			3,484
					186,769

COLLATERALIZED MORTGAGE-BACKED OBLIGATIONS (PRIVATELY ORIGINATED) 1 — 0.12%
Residential Accredit Loans, Inc., Series 2005-QR1, Class A, 6.00% 2034		18,198			18,624
TBW Mortgage-backed Trust, Series 2007-2, Class A-4-B, 0.637% 2037 2		16,722			11,259
American General Mortgage Loan Trust, Series 2010-1A, Class A-1, 5.15% 2058 2,3		8,200			8,492
CS First Boston Mortgage Securities Corp., Series 2002-30, Class I-A-1, 7.50% 2032		214			224
CS First Boston Mortgage Securities Corp., Series 2002-34, Class I-A-1, 7.50% 2032		30			32
CS First Boston Mortgage Securities Corp., Series 2003-21, Class V-A-1, 6.50% 2033		1,636			1,714
CS First Boston Mortgage Securities Corp., Series 2003-29, Class V-A-1, 7.00% 2033		32			34
					40,379

Total mortgage-backed obligations					12,311,188


CORPORATE BONDS & NOTES — 29.01%
FINANCIALS — 7.37%
REAL ESTATE — 2.36%
Westfield Group 5.40% 2012 3		18,400			18,400
Westfield Capital Corp. Ltd., WT Finance (Australia) Pty Ltd. and WEA Finance LLC 5.125% 2014 3		5,000			5,402
Westfield Group 7.50% 2014 3		16,670			18,377
Westfield Group 5.75% 2015 3		35,800			39,761
Westfield Group 5.70% 2016 3		19,445			21,969
Westfield Group 7.125% 2018 3		16,725			20,474
Westfield Group 6.75% 2019 3		10,750			13,056
WEA Finance LLC 4.625% 2021 3		16,055			17,562
Westfield Group 3.375% 2022 3		21,165			21,090
Prologis, Inc. 7.625% 2014		29,250			32,112
Prologis, Inc. 5.75% 2016		10,000			11,059
Prologis, Inc. 6.125% 2016		5,690			6,504
Prologis, Inc. 6.25% 2017		6,115			7,011
Prologis, Inc. 6.625% 2018		39,285			47,006
Prologis, Inc. 6.625% 2019		3,740			4,490
Prologis, Inc. 7.375% 2019		16,237			20,139
Prologis, Inc. 6.875% 2020		21,985			26,725
Kimco Realty Corp. 6.00% 2012		12,250			12,359
Pan Pacific Retail Properties, Inc. 6.125% 2013		1,605			1,626
Kimco Realty Corp., Series C, 4.82% 2014		25,780			27,131
Kimco Realty Corp., Series C, 4.904% 2015		1,770			1,892
Kimco Realty Corp., Series C, 5.783% 2016		14,000			15,682
Kimco Realty Corp. 5.70% 2017		28,450			32,734
Kimco Realty Corp. 4.30% 2018		24,420			26,724
Kimco Realty Corp. 6.875% 2019		5,440			6,681
Hospitality Properties Trust 7.875% 2014		950			1,027
Hospitality Properties Trust 5.125% 2015		6,665			7,000
Hospitality Properties Trust 6.30% 2016		29,368			32,038
Hospitality Properties Trust 5.625% 2017		1,195			1,295
Hospitality Properties Trust 6.70% 2018		30,450			34,445
Hospitality Properties Trust 5.00% 2022		5,625			5,922
Realogy Corp., Term Loan B, 4.478% 2016 1,2,4		12,648			12,521
Realogy Corp., Letter of Credit, 4.491% 2016 1,2,4		35			35
Realogy Corp., Second Lien Term Loan A, 13.50% 2017 1,4		20,325			20,579
Realogy Corp. 7.875% 2019 3		23,406			24,693
Realogy Corp. 9.00% 2020 3		12,515			13,860
Simon Property Group, LP 6.75% 2014		9,100			9,814
Simon Property Group, LP 4.20% 2015		2,430			2,589
Simon Property Group, LP 5.875% 2017		13,000			15,296
Simon Property Group, LP 6.125% 2018		10,000			12,231
Simon Property Group, LP 10.35% 2019		8,995			12,963
Developers Diversified Realty Corp. 5.50% 2015		11,643			12,606
Developers Diversified Realty Corp. 9.625% 2016		4,000			4,984
Developers Diversified Realty Corp. 7.50% 2017		9,655			11,567
Developers Diversified Realty Corp. 7.875% 2020		3,720			4,804
Goodman Funding Pty Ltd. 6.00% 2022 3		29,535			31,789
ERP Operating LP 6.584% 2015		10,000			11,334
ERP Operating LP 5.125% 2016		4,445			5,011
ERP Operating LP 7.125% 2017		5,000			6,092
ERP Operating LP 4.625% 2021		2,645			3,054
UDR, Inc., Series A, 5.25% 2015		13,030			14,082
American Tower Corp. 4.625% 2015		10,000			10,779
American Tower Corp. 5.90% 2021		2,000			2,378
Host Hotels & Resorts LP 9.00% 2017		1,800			1,971
Host Hotels & Resorts LP 5.875% 2019		4,325			4,779
Host Hotels & Resorts LP, Series C, 4.75% 2023		450			469
Brandywine Operating Partnership, LP 5.40% 2014		3,000			3,215
Brandywine Operating Partnership, LP 4.95% 2018		3,640			3,916
Weingarten Realty Investors, Series A, 4.857% 2014		6,080			6,314
Crescent Resources 10.25% 2017 3		2,775			2,900
					804,318

DIVERSIFIED FINANCIALS — 1.88%
Bank of America Corp., Series L, 3.625% 2016		9,700			10,240
Bank of America Corp. 3.75% 2016		24,640			26,170
Bank of America Corp. 3.875% 2017		2,000			2,155
Bank of America Corp. 5.75% 2017		1,000			1,152
Bank of America Corp. 5.65% 2018		6,520			7,444
Bank of America Corp. 5.625% 2020		19,350			22,104
Bank of America Corp. 5.00% 2021		7,870			8,668
Bank of America Corp. 5.875% 2021		16,110			18,621
Bank of America Corp. 5.70% 2022		9,100			10,711
Goldman Sachs Group, Inc. 3.625% 2016		27,625			29,169
Murray Street Investment Trust I 4.647% 2017		10,370			11,149
Goldman Sachs Group, Inc. 5.25% 2021		13,100			14,471
Goldman Sachs Group, Inc. 5.75% 2022		34,125			39,389
Goldman Sachs Group, Inc. 6.25% 2041		8,370			9,729
Citigroup Inc. 4.587% 2015		18,750			20,359
Citigroup Inc. 4.75% 2015		21,500			23,159
Citigroup Inc. 3.953% 2016		8,300			8,890
Citigroup Inc. 4.45% 2017		13,000			14,296
Citigroup Inc. 6.125% 2017		7,000			8,248
Citigroup Inc. 6.125% 2018		2,600			3,082
Citigroup Inc. 8.50% 2019		9,914			13,131
UBS AG 2.25% 2014		14,500			14,735
UBS AG 5.75% 2018		18,202			21,481
UBS AG 4.875% 2020		23,709			26,565
UBS AG 7.75% 2026		1,000			1,244
JPMorgan Chase & Co. 3.40% 2015		17,500			18,586
JPMorgan Chase & Co. 4.35% 2021		4,500			4,970
JPMorgan Chase & Co. 4.625% 2021		6,500			7,280
JPMorgan Chase & Co. 3.25% 2022		26,165			26,592
Morgan Stanley, Series F, 2.875% 2014		14,750			14,952
Morgan Stanley 3.80% 2016		8,850			9,154
Morgan Stanley, Series F, 5.625% 2019		24,900			27,247
Morgan Stanley 5.50% 2021		3,000			3,290
Lazard Group LLC 7.125% 2015		16,500			18,207
Export-Import Bank of Korea 5.875% 2015		12,400			13,683
The Export-Import Bank of Korea 4.375% 2021		4,000			4,504
Springleaf Finance Corp., Term Loan B, 5.50% 2017 1,2,4		17,230			16,903
Bank of New York Mellon Corp., Series G, 2.50% 2016		16,000			16,777
International Lease Finance Corp. 4.875% 2015		14,960			15,606
American Express Credit Co. 1.75% 2015		14,500			14,841
American Express Co. 6.15% 2017		150			183
SLM Corp. 6.25% 2016		5,000			5,450
SLM Corp. 6.00% 2017		8,000			8,750
Northern Trust Corp. 4.625% 2014		8,475			9,019
Northern Trust Corp. 5.85% 2017 3		3,750			4,412
Capital One Financial Corp. 6.15% 2016		10,000			11,427
Jefferies Group, Inc. 6.875% 2021		5,000			5,406
iStar Financial Inc., Series B, 9.00% 2017		4,160			4,472
NASDAQ OMX Group, Inc. 5.25% 2018		3,800			4,110
Franklin Resources, Inc. 1.375% 2017		2,700			2,718
Franklin Resources, Inc. 2.80% 2022		1,300			1,319
Credit Suisse Group AG 2.20% 2014		2,000			2,034
ACE Cash Express, Inc. 11.00% 2019 3		585			553
					638,807

BANKS — 1.75%
Standard Chartered PLC 3.85% 2015 3		19,622			20,711
Standard Chartered PLC 3.20% 2016 3		31,141			32,535
Standard Chartered Bank 6.40% 2017 3		10,000			11,405
HSBC Finance Corp. 0.848% 2016 2		12,304			11,767
HSBC Holdings PLC 4.125% 2020 3		9,453			10,430
HSBC Holdings PLC 4.875% 2020		20,125			21,731
HSBC Holdings PLC 4.00% 2022		17,060			18,345
BNP Paribas 3.60% 2016		14,000			14,795
BNP Paribas 5.00% 2021		30,130			33,402
BNP Paribas, junior subordinated 7.195% (undated) 2,3		3,000			2,852
Royal Bank of Scotland PLC 3.40% 2013		12,325			12,563
Royal Bank of Scotland PLC 3.95% 2015		15,000			15,940
Royal Bank of Scotland Group PLC 4.375% 2016		7,500			8,086
Royal Bank of Scotland PLC 5.625% 2020		8,435			9,633
Korea Development Bank 5.30% 2013		13,635			13,791
Korea Development Bank 8.00% 2014		11,365			12,357
Korea Development Bank 4.00% 2016		1,500			1,635
Korea Development Bank 3.50% 2017		3,160			3,409
Korea Development Bank 3.875% 2017		640			698
UniCredito Italiano SpA 6.00% 2017 3		19,483			18,540
HVB Funding Trust I, junior subordinated 8.741% 2031 3		8,264			6,962
HVB Funding Trust III, junior subordinated 9.00% 2031 3		7,180			6,121
CIT Group Inc., Series C, 4.75% 2015 3		19,000			19,902
CIT Group Inc. 4.25% 2017		1,400			1,460
CIT Group Inc. 5.00% 2017		8,000			8,580
Sovereign Bancorp, Inc. 8.75% 2018		1,880			2,148
Santander Issuances, SA Unipersonal 6.50% 2019 2,3		25,500			25,311
HBOS PLC 6.75% 2018 3		15,015			15,315
HBOS PLC 4.375% 2019 2	€	2,870			3,205
HBOS PLC 6.00% 2033 3	$	9,050			7,766
Wells Fargo & Co. 3.676% 2016		14,000			15,255
Wells Fargo & Co., Series I, 3.50% 2022		9,200			9,834
Wells Fargo & Co. 5.375% 2035		900			1,105
Nordea Bank, Series 2, 3.70% 2014 3		8,000			8,395
Nordea Bank AB 3.125% 2017 3		12,500			13,089
PNC Funding Corp. 5.40% 2014		10,000			10,772
PNC Preferred Funding Trust I, junior subordinated 2.039% (undated) 2,3		12,700			10,541
Barclays Bank PLC 5.125% 2020		18,125			20,408
Intesa Sanpaolo SpA 6.50% 2021 3		17,770			17,389
ANZ National (International) Ltd. 3.125% 2015 3		16,500			17,232
US Bancorp., Series T, 1.65% 2017		16,500			16,913
Westpac Banking Corp. 3.00% 2015		14,400			15,266
VEB Finance Ltd. 6.902% 2020 3		9,100			10,774
VEB Finance Ltd. 6.80% 2025 3		500			590
Banco del Estado de Chile 4.125% 2020 3		10,000			10,823
Development Bank of Kazakhstan 5.50% 2015 3		8,825			9,619
BBVA Bancomer SA 4.50% 2016 3		3,225			3,419
BBVA Bancomer SA, junior subordinated 7.25% 2020 3		2,430			2,643
BBVA Bancomer SA 6.50% 2021 3		2,355			2,592
Société Générale 5.20% 2021 3		7,500			8,064
Banco de Crédito del Perú 5.375% 2020 3		7,000			7,595
HSBK (Europe) BV 7.25% 2021 3		6,710			6,848
Bergen Bank, junior subordinated 0.813% (undated) 2		5,000			2,650
SunTrust Banks, Inc. 6.00% 2017		2,000			2,332
					595,543

INSURANCE — 1.27%
American International Group, Inc. 4.875% 2016		12,500			13,968
American International Group, Inc. 3.80% 2017		33,750			36,347
American International Group, Inc. 4.875% 2022		1,500			1,694
ACE INA Holdings Inc. 5.875% 2014		17,445			18,983
ACE INA Holdings Inc. 2.60% 2015		19,990			20,968
ACE INA Holdings Inc. 5.80% 2018		1,000			1,228
Monumental Global Funding 5.50% 2013 3		16,370			16,731
Monumental Global Funding III 5.25% 2014 3		20,000			21,104
Aegon NV 6.125% 2031	£	1,730			3,137
CNA Financial Corp. 5.85% 2014	$	4,500			4,885
CNA Financial Corp. 6.50% 2016		10,000			11,532
CNA Financial Corp. 7.35% 2019		2,770			3,443
CNA Financial Corp. 5.875% 2020		1,250			1,462
CNA Financial Corp. 7.25% 2023		12,145			15,030
MetLife Global Funding I 5.125% 2013 3		16,000			16,388
MetLife Global Funding I 2.50% 2015 3		17,000			17,707
AXA SA 8.60% 2030		5,815			7,054
AXA SA, Series B, junior subordinated 6.379% (undated) 2,3		5,065			4,609
AXA SA, junior subordinated 6.463% (undated) 2,3		22,700			21,054
Berkshire Hathaway Inc. 2.20% 2016		14,000			14,727
Berkshire Hathaway Inc. 3.00% 2022		11,175			11,612
Berkshire Hathaway Inc. 4.40% 2042		4,000			4,140
New York Life Global Funding 5.25% 2012 3		15,300			15,328
New York Life Global Funding 4.65% 2013 3		8,720			8,945
Prudential Financial, Inc. 4.50% 2021		5,000			5,528
Prudential Holdings, LLC, Series C, 8.695% 2023 1,3		14,150			18,102
QBE Capital Funding II LP 6.797% (undated) 2,3		19,855			18,939
Principal Life Insurance Co. 5.30% 2013		18,150			18,650
Allstate Life Global Funding Trust, Series 2008-4, 5.375% 2013		15,000			15,438
Aviva PLC, junior subordinated 5.70% (undated) 2	€	12,610			14,402
RSA Insurance Group PLC 9.375% 2039 2	£	3,765			7,356
RSA Insurance Group PLC 8.50% (undated) 2		2,429			4,270
UnumProvident Finance Co. PLC 6.85% 2015 3	$	2,000			2,228
Unum Group 7.125% 2016		8,000			9,320
Jackson National Life Global 5.375% 2013 3		10,000			10,297
Liberty Mutual Group Inc. 6.70% 2016 3		6,250			7,061
Liberty Mutual Group Inc. 6.50% 2035 3		2,755			2,967
Zurich Finance (USA), Inc., Series 6, 5.75% 2023 2	€	2,815			3,730
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft, junior subordinated 5.767% (undated) 2		1,250			1,542
Loews Corp. 6.00% 2035	$	225			266
					432,172

AUTOMOBILES & COMPONENTS — 0.11%
Toyota Motor Credit Corp. 1.375% 2013		16,500			16,658
Toyota Motor Credit Corp. 0.875% 2015		11,000			11,061
Ford Motor Credit Co. 2.50% 2016		9,000			9,119
					36,838

ENERGY — 4.04%
Kinder Morgan Energy Partners, LP 5.125% 2014		14,410			15,658
Kinder Morgan Energy Partners, LP 5.625% 2015		12,600			13,859
Kinder Morgan Energy Partners, LP 3.50% 2016		1,700			1,824
Kinder Morgan Energy Partners, LP 6.00% 2017		17,000			19,989
Kinder Morgan Energy Partners, LP 9.00% 2019		4,395			5,836
Kinder Morgan Energy Partners, LP 5.30% 2020		2,750			3,212
Kinder Morgan Energy Partners, LP 6.85% 2020		28,470			35,817
Kinder Morgan Energy Partners, LP 3.95% 2022		8,045			8,662
Kinder Morgan Energy Partners, LP 4.15% 2022		5,000			5,413
Kinder Morgan Energy Partners, LP 3.45% 2023		10,955			11,306
Kinder Morgan Energy Partners, LP 6.95% 2038		4,250			5,458
Kinder Morgan Energy Partners, LP 6.55% 2040		2,000			2,470
Kinder Morgan Energy Partners, LP 5.00% 2042		2,750			2,870
Transocean Inc. 5.05% 2016		20,500			22,934
Transocean Inc. 2.50% 2017		9,880			9,949
Transocean Inc. 6.375% 2021		40,950			49,108
Transocean Inc. 3.80% 2022		18,885			19,027
Transocean Inc. 7.35% 2041		5,205			6,863
Enbridge Energy Partners, LP, Series B, 6.50% 2018		25,120			30,525
Enbridge Energy Partners, LP 9.875% 2019		27,005			36,834
Enbridge Energy Partners, LP 5.20% 2020		1,500			1,718
Enbridge Energy Partners, LP 4.20% 2021		13,250			14,365
Enbridge Energy Partners, LP, Series B, 7.50% 2038		13,950			18,641
Enbridge Energy Partners, LP, junior subordinated 8.05% 2077 2		1,100			1,247
Shell International Finance BV 1.875% 2013		16,500			16,632
Shell International Finance BV 3.10% 2015		10,000			10,696
Shell International Finance BV 1.125% 2017		34,650			34,820
Shell International Finance BV 4.30% 2019		17,450			20,421
Shell International Finance BV 2.375% 2022		12,600			12,751
Shell International Finance BV 3.625% 2042		1,000			1,021
StatoilHydro ASA 2.90% 2014		15,360			16,127
StatoilHydro ASA 1.80% 2016		1,800			1,872
Statoil ASA 3.125% 2017		26,500			29,076
StatoilHydro ASA 5.25% 2019		2,000			2,433
Statoil ASA 3.15% 2022		40,470			43,340
Total Capital SA 3.00% 2015		17,000			18,104
Total Capital International 1.50% 2017		4,000			4,076
Total Capital International 1.55% 2017		13,140			13,405
Total Capital International 2.875% 2022		32,470			33,844
Total Capital International 2.70% 2023		15,625			15,966
BG Energy Capital PLC 2.50% 2015 3		7,200			7,537
BG Energy Capital PLC 2.875% 2016 3		23,130			24,564
BG Energy Capital PLC 4.00% 2021 3		41,175			45,653
Enterprise Products Operating LLC 5.65% 2013		17,850			18,253
Enterprise Products Operating LLC 5.20% 2020		9,425			11,123
Enterprise Products Operating LLC 5.25% 2020		2,000			2,347
Enterprise Products Operating LLC 4.05% 2022		23,605			25,860
Enterprise Products Operating LLC 4.85% 2042		10,000			10,349
Enterprise Products Operating LLC 5.70% 2042		2,750			3,194
Enterprise Products Operating LLC 7.00% 2067 2		600			646
Anadarko Petroleum Corp. 5.95% 2016		15,500			17,979
Anadarko Petroleum Corp. 6.375% 2017		30,260			36,530
Anadarko Petroleum Corp. 8.70% 2019		4,000			5,373
Anadarko Petroleum Corp. 6.20% 2040		1,750			2,155
Reliance Holdings Ltd. 4.50% 2020 3		6,350			6,520
Reliance Holdings Ltd. 4.50% 2020		1,750			1,797
Reliance Holdings Ltd. 5.40% 2022 3		22,300			23,803
Reliance Holdings Ltd. 6.25% 2040 3		10,750			12,125
Pemex Finance Ltd., Series 1999-2, Class A-3, 10.61% 2017 1		11,700			14,187
Pemex Project Funding Master Trust 5.75% 2018		3,150			3,705
Petróleos Mexicanos 4.875% 2022		2,600			2,944
Pemex Project Funding Master Trust, Series 13, 6.625% 2035		11,750			14,805
Petróleos Mexicanos 6.50% 2041		4,150			5,194
Enbridge Inc. 5.80% 2014		9,200			9,949
Enbridge Inc. 4.90% 2015		3,250			3,549
Enbridge Inc. 5.60% 2017		20,700			24,002
Petrobras International Finance Co. 2.875% 2015		4,945			5,095
Petrobras International Finance Co. 3.50% 2017		2,500			2,621
Petrobras International 5.375% 2021		13,470			15,248
Petrobras International 6.875% 2040		9,760			12,330
Petrobras International Finance Co. 6.75% 2041		500			624
Williams Partners L.P. and Williams Partners Finance Corp. 3.80% 2015		15,800			16,762
Williams Partners L.P. and Williams Partners Finance Corp. 7.25% 2017		1,300			1,583
Williams Partners L.P. and Williams Partners Finance Corp. 5.25% 2020		11,625			13,495
QGOG Atlantic/Alaskan Rigs Ltd. 5.25% 2018 1,3		30,267			31,629
Gazprom OJSC 5.092% 2015 3		6,125			6,546
Gazprom OJSC 6.51% 2022 3		14,500			17,117
Gazprom OJSC, Series 9, 6.51% 2022		5,000			5,902
El Paso Pipeline Partners Operating Co., LLC 5.00% 2021		25,320			28,019
Woodside Finance Ltd. 4.60% 2021 3		24,625			27,084
Ras Laffan Liquefied Natural Gas III 5.50% 2014		3,585			3,891
Ras Laffan Liquefied Natural Gas III 5.50% 2014 3		330			358
Ras Laffan Liquefied Natural Gas III 5.832% 2016 1		1,422			1,557
Ras Laffan Liquefied Natural Gas II 5.298% 2020 1,3		14,923			16,863
Ras Laffan Liquefied Natural Gas III 6.332% 2027 1		2,000			2,441
Southwestern Energy Co. 4.10% 2022 3		18,770			19,966
Chevron Corp. 4.95% 2019		13,917			16,902
Cenovus Energy Inc. 3.00% 2022		10,260			10,544
Cenovus Energy Inc. 6.75% 2039		4,250			5,770
Husky Energy Inc. 6.20% 2017		12,830			15,203
TransCanada PipeLines Ltd. 6.50% 2018		7,500			9,425
TransCanada PipeLines Ltd. 7.125% 2019		3,040			3,904
TransCanada PipeLines Ltd., junior subordinated 6.35% 2067 2		1,000			1,071
Western Gas Partners LP 4.00% 2022		11,850			12,380
Alpha Natural Resources, Inc. 9.75% 2018		7,415			7,338
Alpha Natural Resources, Inc. 6.00% 2019		3,725			3,129
Alpha Natural Resources, Inc. 6.25% 2021		1,800			1,507
Canadian Natural Resources Ltd. 3.45% 2021		9,310			10,036
Devon Energy Corp. 1.875% 2017		8,155			8,324
Devon Energy Corp. 3.25% 2022		1,250			1,304
Spectra Energy Partners, LP 2.95% 2016		6,375			6,582
Spectra Energy Partners 4.60% 2021		2,185			2,371
Phillips 66 5.875% 2042 3		7,430			8,867
Petroplus Finance Ltd. 6.75% 2014 3,5		15,475			2,244
Petroplus Finance Ltd. 7.00% 2017 3,5		29,700			4,306
Petroplus Finance Ltd. 9.375% 2019 3,5		12,650			1,834
Arch Coal, Inc. 7.00% 2019		2,350			1,986
Arch Coal, Inc. 7.25% 2021		6,775			5,691
Korea National Oil Corp. 4.00% 2016 3		6,850			7,443
Energy Transfer Partners, L.P. 5.20% 2022		4,500			5,002
Energy Transfer Partners, L.P. 6.50% 2042		1,665			1,930
Odebrecht Drilling Norbe VIII/IX Ltd 6.35% 2021 1,3		5,679			6,415
Regency Energy Partners LP and Regency Energy Finance Corp. 6.50% 2021		3,875			4,166
Regency Energy Partners LP and Regency Energy Finance Corp. 5.50% 2023		2,150			2,180
Peabody Energy Corp. 6.00% 2018 3		4,660			4,683
Peabody Energy Corp. 6.25% 2021 3		875			875
Energy Transfer Partners, LP 7.50% 2020		3,700			4,218
PDC Energy Inc. 7.75% 2022 3		3,825			3,825
CONSOL Energy Inc. 8.00% 2017		1,145			1,202
CONSOL Energy Inc. 8.25% 2020		1,130			1,189
Laredo Petroleum, Inc. 9.50% 2019		1,950			2,218
NGPL PipeCo LLC 7.119% 2017 3		600			640
NGPL PipeCo LLC 9.625% 2019 3		1,000			1,142
Transportadora de Gas Internacional 5.70% 2022 3		1,250			1,350
Overseas Shipholding Group, Inc. 8.125% 2018		1,650			1,105
PTT Exploration & Production Ltd 6.35% 2042 3		800			930
Teekay Corp. 8.50% 2020		725			765
Dolphin Energy Ltd. 5.50% 2021 3		500			579
					1,374,018

HEALTH CARE — 2.98%
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES — 1.86%
Roche Holdings Inc. 5.00% 2014 3		6,685			7,089
Roche Holdings Inc. 6.00% 2019 3		42,020			52,800
Roche Holdings Inc. 7.00% 2039 3		16,310			24,542
GlaxoSmithKline Capital Inc. 4.85% 2013		20,000			20,559
GlaxoSmithKline Capital PLC 1.50% 2017		15,500			15,790
GlaxoSmithKline Capital Inc. 5.65% 2018		15,000			18,494
GlaxoSmithKline Capital PLC 2.85% 2022		18,500			19,260
GlaxoSmithKline Capital Inc. 6.375% 2038		7,100			10,176
Gilead Sciences, Inc. 2.40% 2014		7,215			7,465
Gilead Sciences, Inc. 3.05% 2016		15,695			16,889
Gilead Sciences, Inc. 4.40% 2021		39,060			44,490
Gilead Sciences, Inc. 5.65% 2041		11,405			14,339
Amgen Inc. 2.50% 2016		27,200			28,591
Amgen Inc. 2.125% 2017		22,567			23,335
Amgen Inc. 3.875% 2021		1,000			1,077
Amgen Inc. 3.625% 2022		4,560			4,818
Amgen Inc. 5.15% 2041		5,000			5,601
Amgen Inc. 5.375% 2043		11,355			13,228
Novartis Capital Corp. 1.90% 2013		15,000			15,138
Novartis Capital Corp. 4.125% 2014		11,025			11,578
Novartis Securities Investment Ltd. 5.125% 2019		24,780			29,822
Novartis Capital Corp. 2.40% 2022		7,250			7,354
Novartis Capital Corp. 3.70% 2042		2,500			2,600
Schering-Plough Corp. 5.30% 2013 2		6,000			6,337
Schering-Plough Corp. 5.375% 2014	€	6,395		$	8,992
Schering-Plough Corp. 6.00% 2017	$	5,300			6,567
Merck & Co., Inc. 1.10% 2018		10,000			10,040
Merck & Co., Inc. 2.40% 2022		13,500			13,642
Merck & Co., Inc. 3.60% 2042		8,855			8,947
Biogen Idec Inc. 6.00% 2013		30,050			30,709
Biogen Idec Inc. 6.875% 2018		17,000			20,943
inVentiv Health Inc. 10.00% 2018 3		7,370			6,522
inVentiv Health Inc. 10.25% 2018 3		19,040			16,850
Pfizer Inc 5.35% 2015		125			140
Pfizer Inc 6.20% 2019		18,140			23,146
Elan Finance PLC and Elan Finance Corp. 8.75% 2016		7,000			7,676
Elan Finance PLC and Elan Finance Corp. 8.75% 2016		1,750			1,921
Elan Finance PLC and Elan Finance Corp. 6.25% 2019 3		12,850			12,978
Quintiles, Term Loan B, 5.00% 2018 1,2,4		15,690			15,808
VPI Escrow Corp. 6.375% 2020 3		13,110			13,438
Sanofi 0.672% 2014 2		10,000			10,050
Patheon Inc. 8.625% 2017 3		6,507			6,670
Grifols Inc. 8.25% 2018		5,065			5,622
Johnson & Johnson 0.525% 2014 2		5,000			5,017
Alkermes Inc., Term Loan B, 4.50% 2019 1,2,4		3,900			3,924
INC Research LLC 11.50% 2019 3		590			596
					631,570

HEALTH CARE EQUIPMENT & SERVICES — 1.12%
Express Scripts Inc. 2.75% 2014 3		16,000			16,624
Express Scripts Inc. 6.25% 2014		27,133			29,571
Medco Health Solutions, Inc. 2.75% 2015		10,310			10,792
Express Scripts Inc. 3.125% 2016		18,427			19,671
Express Scripts Inc. 3.50% 2016 3		3,000			3,247
Express Scripts Inc. 2.65% 2017 3		15,000			15,738
Express Scripts Inc. 4.75% 2021 3		13,500			15,653
Express Scripts Inc. 3.90% 2022 3		12,000			13,102
Express Scripts Inc. 6.125% 2041 3		7,000			9,134
Cardinal Health, Inc. 5.50% 2013		4,035			4,167
Cardinal Health, Inc. 4.00% 2015		5,490			5,918
Cardinal Health, Inc. 1.90% 2017		3,550			3,617
Cardinal Health, Inc. 4.625% 2020		6,020			6,863
Allegiance Corp. 7.00% 2026		9,635			12,994
UnitedHealth Group Inc. 6.00% 2017		21,892			26,700
UnitedHealth Group Inc. 5.70% 2040		1,250			1,523
UnitedHealth Group Inc. 4.625% 2041		3,000			3,257
VWR Funding, Inc., Series B, 10.25% 2015 6		21,784			22,301
VWR Funding, Inc. 7.25% 2017 3		8,900			9,050
PTS Acquisition Corp. 9.50% 2015 6		18,558			18,999
PTS Acquisition Corp. 9.75% 2017	€	8,775			11,671
Kinetic Concepts, Inc. 10.50% 2018 3	$	19,650			20,878
Kinetic Concepts, Inc. 12.50% 2019 3		9,000			8,550
Tenet Healthcare Corp. 7.375% 2013		3,195			3,263
Tenet Healthcare Corp. 9.25% 2015		10,600			11,978
Boston Scientific Corp. 6.00% 2020		10,900			12,978
Coventry Health Care, Inc. 6.30% 2014		11,395			12,455
DENTSPLY International Inc. 1.935% 2013 2		5,000			5,027
DENTSPLY International Inc. 2.75% 2016		5,620			5,801
Symbion Inc. 8.00% 2016		10,050			10,352
Rotech Healthcare Inc. 10.50% 2018		12,400			7,192
Merge Healthcare Inc 11.75% 2015		5,250			5,709
Surgical Care Affiliates, Inc. 8.875% 2015 3		3,927			4,035
Surgical Care Affiliates, Inc. 10.00% 2017 3		925			957
Bausch & Lomb Inc. 9.875% 2015		4,625			4,781
McKesson Corp. 3.25% 2016		1,580			1,702
McKesson Corp. 6.00% 2041		1,045			1,435
Baxter International Inc. 2.40% 2022		2,600			2,625
Multiplan Inc. 9.875% 2018 3		980			1,088
					381,398

INDUSTRIALS — 2.97%
CAPITAL GOODS — 1.60%
General Electric Capital Corp., Series A, 2.25% 2015		19,500			20,210
General Electric Capital Corp. 2.95% 2016		2,790			2,953
General Electric Capital Corp. 2.30% 2017		17,920			18,445
General Electric Corp. 5.25% 2017		6,235			7,387
General Electric Capital Corp., Series A, 5.625% 2018		4,000			4,724
General Electric Capital Corp., Series A, 6.00% 2019		26,050			31,736
General Electric Capital Corp. 3.15% 2022		20,000			20,137
Volvo Treasury AB 5.95% 2015 3		56,693			62,133
United Technologies Corp. 1.20% 2015		2,795			2,847
United Technologies Corp. 1.80% 2017		5,770			5,993
United Technologies Corp. 3.10% 2022		30,765			32,861
United Technologies Corp. 4.50% 2042		16,195			18,254
Hawker Beechcraft Acquisition Co., LLC, Debtor in Possession Delayed Draw, 9.75% 2012 1,2,4		7,718			7,852
Hawker Beechcraft Acquisition Co., LLC, Letter of Credit, 2.262% 2014 1,2,4		2,267			1,485
Hawker Beechcraft Acquisition Co., LLC, Term Loan B, 4.25% 2014 1,2,4		47,542			31,140
Hawker Beechcraft Acquisition Co., LLC, Term Loan B, 10.75% 2014 1,2,4		2,344			1,571
Hawker Beechcraft Acquisition Co., LLC 8.875% 2015 5,6		1,568			282
Hawker Beechcraft Acquisition Co., LLC 9.75% 2017 5		2,185			12
Ply Gem Industries, Inc. 13.125% 2014		7,055			7,566
Ply Gem Industries, Inc. 9.375% 2017 3		3,300			3,325
Ply Gem Industries, Inc. 8.25% 2018		24,595			25,794
JELD-WEN Escrow Corp. 12.25% 2017 3		25,000			28,563
Northrop Grumman Corp. 3.70% 2014		9,500			10,024
Northrop Grumman Corp. 5.05% 2019		14,180			16,696
Associated Materials, LLC and AMH New Finance, Inc. 9.125% 2017		24,305			23,940
Nortek Inc. 10.00% 2018		8,000			8,880
Nortek Inc. 8.50% 2021		9,220			9,865
US Investigations Services, Inc., Term Loan B, 2.969% 2015 1,2,4		521			489
US Investigations Services, Inc., Term Loan D, 7.75% 2015 1,2,4		4,929			4,927
US Investigations Services, Inc. 10.50% 2015 3		7,200			6,336
US Investigations Services, Inc. 11.75% 2016 3		6,610			5,552
ABB Finance (USA) Inc. 1.625% 2017		9,245			9,407
ABB Finance (USA) Inc. 2.875% 2022		6,750			6,995
DAE Aviation Holdings, Inc. and Standard Aero Ltd., Term Loan B1, 5.45% 2014 1,2,4		813			813
DAE Aviation Holdings, Inc. and Standard Aero Ltd., Term Loan B2, 5.45% 2014 1,2,4		771			771
DAE Aviation Holdings, Inc. 11.25% 2015 3		13,605			14,081
BAE Systems Holdings Inc. 4.95% 2014 3		13,505			14,207
Raytheon Co. 6.75% 2018		4,030			4,962
Raytheon Co. 4.40% 2020		7,895			9,164
Euramax International, Inc. 9.50% 2016		13,010			11,969
Honeywell International Inc. 5.00% 2019		8,725			10,426
Hutchison Whampoa International Ltd. 6.50% 2013 3		7,200			7,350
Esterline Technologies Corp. 6.625% 2017		2,495			2,592
Esterline Technologies Corp. 7.00% 2020		3,475			3,875
BE Aerospace, Inc. 5.25% 2022		6,135			6,396
Atlas Copco AB 5.60% 2017 3		4,525			5,338
John Deere Capital Corp., Series D, 4.50% 2013		2,000			2,043
Deere & Co. 2.60% 2022		2,600			2,675
Odebrecht Finance Ltd 7.00% 2020		2,350			2,667
Odebrecht Finance Ltd 5.125% 2022 3		1,000			1,068
Odebrecht Finance Ltd 6.00% 2023 3		500			558
Eaton Corp. 0.719% 2014 2		2,000			2,007
RBS Global, Inc. and Rexnord LLC 8.50% 2018		1,650			1,827
Danaher Corp. 2.30% 2016		565			595
					543,765

TRANSPORTATION — 1.31%
Continental Airlines, Inc., Series 1997-1, Class A, 7.461% 2016 1		3,190			3,288
Continental Airlines, Inc., Series 2001-1, Class B, 7.373% 2017 1		60			63
Continental Airlines, Inc., Series 1998-1, Class B, 6.748% 2018 1		726			744
Continental Airlines, Inc., Series 1997-4B, Class B, 6.90% 2018 1		102			103
Continental Airlines, Inc., Series 1998-1, Class A, 6.648% 2019 1		12,533			13,406
Continental Airlines, Inc., Series 1997-4, Class A, 6.90% 2019 1		17,166			18,620
Continental Airlines, Inc., Series 2000-2, Class B, 8.307% 2019 1		307			327
Continental Airlines, Inc., Series 1999-1, Class A, 6.545% 2020 1		8,151			8,864
Continental Airlines, Inc., Series 1999-1, Class B, 6.795% 2020 1		5,886			6,180
Continental Airlines, Inc., Series 1999-2, Class A-1, 7.256% 2021 1		260			284
United Air Lines, Inc., Series 2007-1, Class B, 7.336% 2021 1,3		779			766
Continental Airlines, Inc., Series 1999-2, Class B, 7.566% 2021 1		1,404			1,478
Continental Airlines, Inc., Series 2001-1, Class A-1, 6.703% 2022 1		10,892			11,845
Continental Airlines, Inc., Series 2007-1, Class B, 6.903% 2022 1		3,816			4,018
Continental Airlines, Inc., Series 2000-2, Class A-1, 7.707% 2022 1		12,581			14,107
Continental Airlines, Inc., Series 2000-1, Class A-1, 8.048% 2022 1		10,133			11,565
Continental Airlines, Inc., Series 2000-1, Class B, 8.388% 2022 1		901			959
Union Pacific Corp. 5.125% 2014		8,430			8,928
Union Pacific Corp. 5.75% 2017		12,250			14,617
Union Pacific Corp. 4.00% 2021		14,000			15,784
Union Pacific Corp. 4.163% 2022		7,437			8,495
Union Pacific Railroad Co. Pass Through Trust, Series 2001-1, 6.63% 2022 1		5,766			6,705
Union Pacific Corp. 2.95% 2023		5,000			5,199
Union Pacific Corp. 6.15% 2037		10,930			14,072
Burlington Northern Santa Fe LLC 7.00% 2014		875			949
Burlington Northern Santa Fe LLC 5.65% 2017		12,500			14,963
Burlington Northern Santa Fe LLC 5.75% 2018		9,035			11,041
Burlington Northern Santa Fe LLC 3.60% 2020		7,500			8,151
Burlington Northern Santa Fe LLC 3.45% 2021		2,800			3,003
Burlington Northern Santa Fe LLC 3.05% 2022		22,850			23,706
Burlington Northern Santa Fe LLC 5.05% 2041		500			581
Burlington Northern Santa Fe LLC 4.375% 2042		750			798
Northwest Airlines, Inc., Term Loan B, 3.87% 2013 1,2,4		1,249			1,242
Northwest Airlines, Inc., Term Loan A, 2.12% 2018 1,2,4		51,944			48,827
Delta Air Lines, Inc., Series 2002-1, Class G-1, MBIA insured, 6.718% 2024 1		87			95
Norfolk Southern Corp. 5.75% 2016		5,740			6,596
Norfolk Southern Corp. 5.75% 2018		5,000			6,025
Norfolk Southern Corp. 5.90% 2019		9,250			11,281
Norfolk Southern Corp. 3.25% 2021		2,000			2,108
Norfolk Southern Corp. 3.00% 2022		17,250			17,945
Norfolk Southern Corp. 3.95% 2042		4,700			4,706
CEVA Group PLC 11.625% 2016 3		5,715			5,887
CEVA Group PLC 8.375% 2017 3		1,600			1,558
CEVA Group PLC 11.50% 2018 3		5,305			4,721
CEVA Group PLC 12.75% 2020 3		27,200			22,644
Canadian National Railway Co. 1.45% 2016		6,090			6,215
Canadian National Railway Co. 5.55% 2018		2,000			2,407
Canadian National Railway Co. 2.85% 2021		10,000			10,599
CSX Corp. 5.75% 2013		8,385			8,584
CSX Corp. 7.375% 2019		7,500			9,613
United Parcel Service, Inc., 1.125% 2017		12,000			12,072
American Airlines, Inc., Series 2001-1, Class B, 7.377% 2019 1		235			198
AMR Corp. 9.00% 2012 5		1,300			839
American Airlines, Inc., Series 2011-2, Class A, 8.625% 2023 1		10,190			10,922
Navios Maritime Acquisition Corporation and Navios Acquisition Finance (US) Inc. 8.625% 2017		7,850			7,516
Navios Maritime Holdings Inc. and Navios Maritime Finance II (US) Inc. 8.125% 2019		2,925			2,654
Navios Logistics Finance (US) Inc., 9.25% 2019		375			354
ENA Norte Trust 4.95% 2023 1,3		3,500			3,524
TRAC Intermodal 11.00% 2019 3		2,950			3,098
CMA CGM 8.50% 2017 3		2,025			1,428
					447,267

COMMERCIAL & PROFESSIONAL SERVICES — 0.06%
Republic Services, Inc. 3.80% 2018		2,000			2,227
Republic Services, Inc. 5.00% 2020		5,000			5,801
Republic Services, Inc. 3.55% 2022		500			527
Republic Services, Inc. 5.70% 2041		2,000			2,390
Waste Management, Inc. 2.60% 2016		3,330			3,499
Waste Management, Inc. 4.60% 2021		5,455			6,226
ADS Waste Escrow, Term Loan B, 5.25% 2019 1,2,4		375			378
ADS Waste Escrow 8.25% 2020 3		650			665
Nielsen Finance LLC and Nielsen Finance Co. 11.625% 2014		211			239
					21,952

CONSUMER DISCRETIONARY — 2.67%
MEDIA — 1.59%
Comcast Corp. 6.30% 2017		13,410			16,545
Comcast Corp. 5.875% 2018		18,570			22,624
Comcast Corp. 5.15% 2020		7,500			8,938
Comcast Corp. 3.125% 2022		11,000			11,439
Comcast Corp. 6.95% 2037		12,020			16,437
Comcast Corp. 6.40% 2040		3,500			4,586
Comcast Corp. 4.65% 2042		11,625			12,502
Time Warner Inc. 5.875% 2016		19,170			22,757
Time Warner Companies, Inc. 7.25% 2017		1,600			2,034
Time Warner Inc. 4.75% 2021		11,090			12,833
Time Warner Inc. 3.40% 2022		2,500			2,646
Time Warner Companies, Inc. 7.57% 2024		12,340			16,523
Time Warner Inc. 6.20% 2040		9,450			11,823
Time Warner Inc. 6.25% 2041		7,950			10,121
Time Warner Cable Inc. 6.20% 2013		9,700			10,112
Time Warner Cable Inc. 7.50% 2014		15,675			17,217
Time Warner Cable Inc. 6.75% 2018		15,650			19,711
Time Warner Cable Inc. 8.25% 2019		7,215			9,699
Time Warner Cable Inc. 4.00% 2021		10,280			11,359
Time Warner Cable Inc. 6.75% 2039		5,150			6,743
Time Warner Cable Inc. 5.50% 2041		2,340			2,661
NBCUniversal Media, LLC 2.10% 2014		12,000			12,256
NBCUniversal Media, LLC 2.875% 2016		17,000			18,024
NBCUniversal Media, LLC 5.15% 2020		7,000			8,310
NBCUniversal Media, LLC 4.375% 2021		14,250			16,191
NBCUniversal Media, LLC 2.875% 2023		13,430			13,405
NBCUniversal Media, LLC 4.45% 2043		2,900			2,890
Thomson Reuters Corp. 6.50% 2018		29,355			37,154
Cox Communications, Inc. 7.125% 2012		7,000			7,000
Cox Communications, Inc. 5.45% 2014		16,045			17,657
Cox Communications, Inc. 9.375% 2019 3		7,225			9,845
News America Holdings Inc. 8.00% 2016		1,000			1,260
News America Inc. 6.90% 2019		12,750			16,046
News America Inc. 3.00% 2022 3		6,000			6,068
News America Inc. 6.15% 2037		300			361
News America Inc. 6.65% 2037		7,800			9,942
Walt Disney Co. 0.875% 2014		20,500			20,727
WPP Finance 2010 4.75% 2021		15,840			17,390
WPP Finance 2010 5.125% 2042		1,300			1,289
DISH DBS Corp. 4.625% 2017 3		7,005			7,198
DISH DBS Corp 6.75% 2021		4,075			4,462
DISH DBS Corp. 5.875% 2022 3		1,000			1,030
Virgin Media Finance PLC 8.375% 2019 3		8,050			9,197
Virgin Media Secured Finance PLC 5.25% 2021		1,775			2,063
Mediacom LLC and Mediacom Capital Corp. 9.125% 2019		9,000			9,990
CBS Corp. 1.95% 2017		8,500			8,725
Omnicom Group Inc. 3.625% 2022		7,500			7,940
Univision Communications Inc., Term Loan B, 4.466% 2017 1,2,4		5,113			5,062
Univision Communications Inc. 8.50% 2021 3		2,240			2,285
Clear Channel Worldwide Holdings, Inc., Series B, 9.25% 2017		6,500			7,036
Grupo Televisa, SAB 6.625% 2040		5,200			6,920
Warner Music Group 9.50% 2016		2,800			3,070
UPC Germany GmbH 9.625% 2019	€	1,250			1,792
					541,895

CONSUMER SERVICES — 0.43%
MGM Resorts International 6.75% 2013	$	4,825			4,952
MGM Resorts International 13.00% 2013		2,875			3,256
MGM Resorts International 5.875% 2014		34,190			35,729
MGM Resorts International 6.625% 2015		2,600			2,795
Boyd Gaming Corp. 6.75% 2014		10,830			10,884
Boyd Gaming Corp. 7.125% 2016		10,285			10,234
Boyd Gaming Corp. 9.125% 2018		3,920			4,136
Revel Entertainment, Term Loan B, 9.00% 2017 1,2,4		18,450			14,661
Seminole Tribe of Florida 5.798% 2013 1,3		4,375			4,507
Seminole Tribe of Florida 7.804% 2020 1,3		7,745			7,942
Mohegan Tribal Gaming Authority 10.50% 2016 3		6,375			5,865
Mohegan Tribal Gaming Authority 11.00% 2018 2,3,6		6,750			4,792
NCL Corp. Ltd. 11.75% 2016		3,000			3,472
NCL Corp. Ltd. 9.50% 2018		3,125			3,477
Burger King Corp 0%/11.00% 2019 3,7		8,075			6,722
Royal Caribbean Cruises Ltd. 11.875% 2015		5,150			6,360
Circus and Eldorado Joint Venture and Silver Legacy Resort Casino 10.125% 2012 5		7,525			6,058
CityCenter Holdings, LLC and CityCenter Finance Corp. 7.625% 2016		3,000			3,217
Seneca Gaming Corp. 8.25% 2018 3		2,775			2,928
Marina District Finance Co., Inc. 9.50% 2015		2,000			2,027
Education Management LLC and Education Management Finance Corp. 8.75% 2014		2,025			1,605
					145,619

RETAILING — 0.36%
Staples, Inc. 9.75% 2014		23,470			25,975
Macy’s Retail Holdings, Inc. 7.875% 2015 2		21,050			24,736
Nordstrom, Inc. 6.75% 2014		18,975			20,897
Neiman Marcus Group, Inc. 10.375% 2015		2,000			2,045
Neiman Marcus Group, Inc., Term Loan B, 4.75% 2018 1,2,4		12,335			12,423
Toys “R” Us-Delaware, Inc., Term Loan B, 6.00% 2016 1,2,4		4,263			4,260
Toys “R” Us Property Co. II, LLC 8.50% 2017		7,275			7,875
Toys “R” Us Property Co. I, LLC 10.75% 2017		650			712
Home Depot, Inc. 4.40% 2021		7,500			8,888
Marks and Spencer Group PLC 7.125% 2037 3		5,636			6,178
Michaels Stores, Inc. 13.00% 2016		4,245			4,468
Bon-Ton Department Stores Inc. 10.625% 2017 3		2,310			2,096
Target Corp. 0.625% 2014 2		2,000			2,009
Lowe’s Companies, Inc. 3.12% 2022		1,500			1,559
					124,121

AUTOMOBILES & COMPONENTS — 0.26%
DaimlerChrysler North America Holding Corp. 6.50% 2013		16,775			17,863
Daimler Finance NA LLC 1.30% 2015 3		11,000			11,051
Daimler Finance NA LLC 2.625% 2016 3		15,050			15,719
Daimler Finance NA LLC 3.00% 2016 3		2,000			2,104
DaimlerChrysler North America Holding Corp. 8.50% 2031		7,250			11,526
Volkswagen International Finance NV 1.071% 2014 2,3		12,000			12,051
Volkswagen International Finance NV 2.875% 2016 3		3,000			3,157
Volkswagen International Finance NV 4.00% 2020 3		11,650			12,881
Dynacast International LLC 9.25% 2019		2,325			2,465
Tower Automotive Holdings 10.625% 2017 3		1,107			1,198
					90,015

CONSUMER DURABLES & APPAREL — 0.03%
Mattel, Inc. 2.50% 2016		5,000			5,231
Jarden Corp. 8.00% 2016		3,020			3,239
					8,470

UTILITIES — 2.43%
Consumers Energy Co., First Mortgage Bonds, 5.15% 2017		11,574			13,283
Consumers Energy Co. 5.65% 2018		6,075			7,473
Consumers Energy Co., First Mortgage Bonds, 6.125% 2019		37,277			46,515
Consumers Energy Co., First Mortgage Bonds, 6.70% 2019		4,278			5,574
Consumers Energy Co. 5.65% 2020		2,090			2,603
Consumers Energy Co. 2.85% 2022		19,000			19,882
MidAmerican Energy Holdings Co. 5.875% 2012		15,000			15,000
MidAmerican Energy Co. 4.65% 2014		5,000			5,369
MidAmerican Energy Holdings Co., Series D, 5.00% 2014		225			238
MidAmerican Energy Co. 5.95% 2017		3,000			3,648
MidAmerican Energy Co. 5.30% 2018		5,000			5,996
MidAmerican Energy Holdings Co. 5.75% 2018		37,700			45,387
PacifiCorp., First Mortgage Bonds, 2.95% 2022		10,000			10,621
National Rural Utilities Cooperative Finance Corp. 5.50% 2013		21,750			22,581
National Rural Utilities Cooperative Finance Corp. 10.375% 2018		41,425			61,389
Niagara Mohawk Power 3.553% 2014 3		14,850			15,593
National Grid PLC 6.30% 2016		37,605			43,788
National Grid Co. PLC 5.875% 2024	£	170			342
Northern States Power Co., First Mortgage Bonds, 5.25% 2018	$	6,500			7,882
Public Service Co. of Colorado 5.80% 2018		9,728			11,912
Public Service Co. of Colorado 5.125% 2019		4,350			5,266
Public Service Co. of Colorado 3.20% 2020		5,000			5,483
Xcel Energy Inc. 4.70% 2020		2,500			2,934
Northern States Power Co., First Mortgage Bonds, 2.15% 2022		8,945			8,954
Northern States Power Co., First Mortgage Bonds, 7.125% 2025		6,842			9,759
Public Service Co. of Colorado 3.60% 2042		2,200			2,187
CenterPoint Energy Resources Corp. 4.50% 2021		41,336			46,959
Teco Finance, Inc. 6.75% 2015		15,546			17,588
Teco Finance, Inc. 4.00% 2016		3,303			3,576
Teco Finance, Inc. 6.572% 2017		4,163			5,059
Teco Finance, Inc. 5.15% 2020		8,429			9,839
Tampa Electric Co. 2.60% 2022		1,900			1,927
Tampa Electric Co. 4.10% 2042		5,060			5,298
Iberdrola Finance Ireland 3.80% 2014 3		17,515			17,840
Scottish Power PLC 5.375% 2015		15,000			15,841
TXU, Term Loan, 4.728% 2017 1,2,4		32,068			22,143
Texas Competitive Electric Holdings Co. LLC, 11.50% 2020 3		12,560			9,891
Ohio Edison Co. 6.40% 2016		6,260			7,427
Cleveland Electric Illuminating Co. 8.875% 2018		12,864			17,417
Toledo Edison Co. 7.25% 2020		5,025			6,599
Sierra Pacific Power Co., General and Refunding Mortgage Notes, Series Q, 5.45% 2013		4,275			4,463
Nevada Power Co., General and Refunding Mortgage Notes, Series L, 5.875% 2015		4,550			5,060
Nevada Power Co., General and Refunding Mortgage Notes, Series M, 5.95% 2016		1,000			1,157
Nevada Power Co., General and Refunding Mortgage Notes, Series S, 6.50% 2018		13,285			16,990
Nevada Power Co., General and Refunding Mortgage Notes, Series O, 6.50% 2018		170			216
Nevada Power Co., General and Refunding Mortgage Notes, Series V, 7.125% 2019		761			993
Abu Dhabi National Energy Co. PJSC (TAQA) 6.165% 2017 3		12,000			13,920
Abu Dhabi National Energy Co. PJSC (TAQA) 6.165% 2017		2,700			3,132
Abu Dhabi National Energy Co. PJSC (TAQA) 5.875% 2021 3		3,055			3,548
Abu Dhabi National Energy Co. PJSC (TAQA) 6.50% 2036 3		2,000			2,498
Abu Dhabi National Energy Co. PJSC (TAQA) 6.50% 2036		1,500			1,873
E.ON International Finance BV 5.80% 2018 3		20,500			24,846
Virginia Electric and Power Co., Series B, 5.95% 2017		10,000			12,373
Virginia Electric and Power Co. 2.95% 2022		8,000			8,495
AES Corp. 7.75% 2015		6,575			7,463
AES Corp. 8.00% 2020		8,350			9,749
Entergy Corp. 4.70% 2017		14,900			16,266
PG&E Corp. 5.75% 2014		2,000			2,143
Pacific Gas and Electric Co. 8.25% 2018		4,000			5,501
Pacific Gas and Electric Co. 2.45% 2022		7,500			7,533
Veolia Environnement 6.00% 2018		11,445			13,361
Veolia Environnement 6.125% 2033	€	1,075			1,750
Ohio Power Co., Series H, 4.85% 2014	$	5,965			6,276
Ohio Power Co., Series M, 5.375% 2021		2,950			3,619
CEZ, a s 4.25% 2022 3		8,480			9,072
Empresa Nacional de Electricidad SA 8.35% 2013		5,000			5,291
Empresa Nacional de Electricidad SA 8.625% 2015		3,000			3,541
Progress Energy, Inc. 6.05% 2014		2,100			2,255
Carolina Power & Light Co. d/b/a Progress Energy Carolinas, Inc. 2.80% 2022		6,000			6,258
SP PowerAssets Ltd. 5.00% 2013 3		8,000			8,304
Midwest Generation, LLC, Series B, 8.56% 2016 1		7,968			7,331
Consolidated Edison Company of New York, Inc., Series 2012 A, 4.20% 2042		6,470			7,155
PSEG Power LLC 2.75% 2016		3,140			3,268
Public Service Electric and Gas Co., Series E, 5.30% 2018		2,190			2,654
Public Service Electric and Gas Co., Series H, 3.65% 2042		600			607
Israel Electric Corp. Ltd. 8.10% 2096 3		6,250			6,381
Colbun SA 6.00% 2020 3		5,400			6,092
Old Dominion Electric Cooperative, Series 2003-A, 5.676% 2028 1		4,958			5,749
Enel Finance International SA 3.875% 2014 3		3,235			3,328
Electricité de France SA 5.50% 2014 3		3,000			3,179
Wisconsin Electric Power Co. 2.95% 2021		3,000			3,167
Tri-State Generation and Transmission Assn. Inc., Pass Through Trust, Series 2003-A, 6.04% 2018 1,3		1,858			2,019
					825,939

CONSUMER STAPLES — 2.11%
FOOD, BEVERAGE & TOBACCO — 1.55%
Anheuser-Busch InBev NV 2.50% 2013		3,000			3,030
Anheuser-Busch InBev NV 0.815% 2014 2		8,710			8,765
Anheuser-Busch InBev NV 0.80% 2015		2,500			2,512
Anheuser-Busch InBev NV 3.625% 2015		25,250			27,132
Anheuser-Busch InBev NV 4.125% 2015		32,375			34,934
Anheuser-Busch InBev NV 1.375% 2017		12,505			12,675
Anheuser-Busch InBev NV 8.625% 2017	€	2,500			4,237
Anheuser-Busch InBev NV 6.875% 2019	$	6,740			8,931
Anheuser-Busch InBev NV 7.75% 2019		16,250			22,017
Anheuser-Busch InBev NV 5.375% 2020		3,000			3,732
Anheuser-Busch InBev NV 2.50% 2022		6,420			6,527
Anheuser-Busch InBev NV 6.375% 2040		2,500			3,569
Anheuser-Busch InBev NV 3.75% 2042		5,900			5,950
SABMiller Holdings Inc. 1.85% 2015 3		2,000			2,048
SABMiller Holdings Inc. 2.45% 2017 3		47,360			49,597
SABMiller Holdings Inc. 3.75% 2022 3		11,000			11,972
SABMiller Holdings Inc. 4.95% 2042 3		5,000			5,850
Kraft Foods Inc. 2.625% 2013		3,830			3,875
Kraft Foods Inc. 1.625% 2015 3		9,120			9,264
Kraft Foods Inc. 2.25% 2017 3		8,050			8,299
Kraft Foods Inc. 6.125% 2018		7,250			8,864
Kraft Foods Inc. 5.375% 2020		2,500			3,021
Kraft Foods Inc. 5.375% 2020 3		2,500			2,976
Kraft Foods Inc. 3.50% 2022 3		21,180			22,430
Kraft Foods Inc. 6.50% 2040 3		5,000			6,726
Kraft Foods Inc. 5.00% 2042 3		3,000			3,365
Coca-Cola Co. 1.50% 2015		21,970			22,660
Coca-Cola Co. 1.80% 2016		21,815			22,776
Coca-Cola Co. 3.15% 2020		9,190			10,044
British American Tobacco International Finance PLC 2.125% 2017 3		23,125			23,689
British American Tobacco International Finance PLC 9.50% 2018 3		13,000			18,147
Pernod Ricard SA 2.95% 2017 3		16,500			17,235
Pernod Ricard SA 4.45% 2022 3		16,500			18,230
Pernod Ricard SA 5.50% 2042 3		3,000			3,441
Altria Group, Inc. 9.25% 2019		4,392			6,246
Altria Group, Inc. 4.75% 2021		3,000			3,439
Altria Group, Inc. 2.85% 2022		1,800			1,800
Altria Group, Inc. 9.95% 2038		6,350			10,721
Altria Group, Inc. 10.20% 2039		4,000			6,883
Altria Group, Inc. 4.25% 2042		3,000			2,998
PepsiCo, Inc. 3.10% 2015		17,000			17,959
PepsiCo, Inc. 2.50% 2016		7,500			7,924
Philip Morris International Inc. 1.125% 2017		4,000			4,003
Philip Morris International Inc. 1.625% 2017		4,500			4,606
Philip Morris International Inc. 2.90% 2021		9,200			9,606
Philip Morris International Inc. 2.50% 2022		3,600			3,616
Philip Morris International Inc. 4.375% 2041		3,000			3,256
Fortune Brands, Inc. 6.375% 2014		6,467			7,056
Del Monte Corp. 7.625% 2019		4,000			4,135
BFF International Ltd. 7.25% 2020 3		2,500			3,020
CEDC Finance Corp. 9.125% 2016 3		3,500			2,441
Smithfield Foods, Inc. 7.75% 2017		750			848
Smithfield Foods, Inc. 6.625% 2022		1,370			1,425
Lorillard Tobacco Co. 2.30% 2017		1,785			1,802
Constellation Brands, Inc. 8.375% 2014		550			626
Constellation Brands, Inc. 7.25% 2017		750			879
TreeHouse Foods, Inc. 7.75% 2018		1,200			1,314
Cott Beverages Inc. 8.375% 2017		1,000			1,101
Tyson Foods, Inc. 6.85% 2016 2		500			576
					526,800

FOOD & STAPLES RETAILING — 0.55%
Kroger Co. 5.00% 2013		18,000			18,396
Kroger Co. 7.50% 2014		6,500			7,064
Kroger Co. 3.90% 2015		10,000			10,880
Kroger Co. 6.40% 2017		23,450			28,415
Kroger Co. 3.40% 2022		2,500			2,610
Wal-Mart Stores, Inc. 2.875% 2015		11,550			12,243
Wal-Mart Stores, Inc. 2.80% 2016		11,500			12,353
Wal-Mart Stores, Inc. 5.80% 2018		11,095			13,810
Rite Aid Corp. 9.75% 2016		18,550			20,405
Rite Aid Corp. 10.25% 2019		40			46
Rite Aid Corp. 8.00% 2020		2,075			2,365
Delhaize Group 6.50% 2017		16,205			18,114
Delhaize Group 5.70% 2040		2,360			2,109
Tesco PLC 5.50% 2017 (3)		12,459			14,595
SUPERVALU Inc. 7.50% 2014		13,295			12,830
Safeway Inc. 5.00% 2019		6,000			6,262
Safeway Inc. 3.95% 2020		4,000			3,902
					186,399

HOUSEHOLD & PERSONAL PRODUCTS — 0.01%
Procter & Gamble Co. 3.50% 2015		150			161
Procter & Gamble Co. 1.45% 2016		2,645			2,727
					2,888

TELECOMMUNICATION SERVICES — 1.92%
Nextel Communications, Inc., Series F, 5.95% 2014		29,570			29,718
Nextel Communications, Inc., Series D, 7.375% 2015		9,917			9,979
Sprint Nextel Corp. 8.375% 2017		2,500			2,794
Sprint Nextel Corp. 9.125% 2017		9,250			10,522
Sprint Nextel Corp. 7.00% 2020		9,000			9,394
Sprint Nextel Corp. 11.50% 2021		8,550			10,741
Verizon Communications Inc. 3.00% 2016		24,000			25,875
Verizon Communications Inc. 8.50% 2018		8,000			11,226
Verizon Communications Inc. 8.75% 2018		25,405			35,523
Telecom Italia Capital SA 5.25% 2015		10,174			10,734
Telecom Italia Capital SA 6.999% 2018		22,350			24,753
Telecom Italia Capital SA 7.175% 2019		19,912			22,052
Telecom Italia Capital SA 6.375% 2033		2,548			2,338
Telecom Italia Capital SA 7.20% 2036		3,163			3,116
Telecom Italia Capital SA 7.721% 2038		8,396			8,480
AT&T Inc. 0.875% 2015		9,765			9,855
SBC Communications Inc. 5.625% 2016		22,575			26,464
AT&T Inc. 1.70% 2017		12,480			12,870
AT&T Inc. 3.875% 2021		8,000			9,075
AT&T Inc. 5.55% 2041		4,500			5,631
Deutsche Telekom International Finance BV 4.875% 2014		16,250			17,300
Deutsche Telekom International Finance BV 3.125% 2016 3		12,175			12,816
Deutsche Telekom International Finance BV 2.25% 2017 3		5,500			5,633
Deutsche Telekom International Finance BV 9.25% 2032		11,869			18,784
Deutsche Telekom International Finance BV 4.875% 2042 3		4,000			4,323
Clearwire Communications and Clearwire Finance, Inc., Series A, 12.00% 2015 3		26,195			26,064
Clearwire Communications and Clearwire Finance, Inc., Series B, 12.00% 2015 3		20,200			20,099
Clearwire Communications and Clearwire Finance, Inc. 14.75% 2016 3		1,925			2,098
Clearwire Communications and Clearwire Finance, Inc. 12.00% 2017 3		2,735			2,516
Koninklijke KPN NV 8.375% 2030		30,670			41,162
Cricket Communications, Inc. 10.00% 2015		27,685			29,208
Cricket Communications, Inc. 7.75% 2016		9,175			9,725
Cricket Communications, Inc. 7.75% 2020		1,900			1,862
Telefónica Emisiones, SAU 3.992% 2016		20,750			20,698
Telefónica Emisiones, SAU 5.134% 2020		3,604			3,545
Telefónica Emisiones, SAU 5.462% 2021		7,887			7,749
Telefónica Europe BV 8.25% 2030		1,675			1,784
Telefónica Emisiones, SAU 7.045% 2036		84			82
Wind Acquisition SA 11.75% 2017 3		27,212			25,783
Wind Acquisition SA 7.25% 2018 3		6,275			5,993
Frontier Communications Corp. 8.25% 2017		14,620			16,667
Frontier Communications Corp. 8.125% 2018		1,500			1,695
Frontier Communications Corp. 8.50% 2020		2,950			3,348
Frontier Communications Corp. 9.25% 2021		2,450			2,848
Frontier Communications Corp. 8.75% 2022		1,275			1,453
Frontier Communications Corp. 7.125% 2023		4,575			4,775
France Télécom 4.375% 2014		11,440			12,111
France Télécom 2.125% 2015		8,830			9,097
France Télécom 4.125% 2021		2,525			2,799
América Móvil, SAB de CV 2.375% 2016		3,000			3,137
América Móvil, SAB de CV 5.00% 2020		6,700			7,879
América Móvil, SAB de CV 8.46% 2036	MXN27,000				2,233
LightSquared, Term Loan B, 12.00% 2014 1,4,5,6	$	18,669			13,138
Vodafone Group PLC, Term Loan B, 6.875% 2015 1,4,6		5,095			5,273
Vodafone Group PLC, Term Loan B, 6.25% 2016 1,4,6,8		5,491			5,684
Digicel Group Ltd. 12.00% 2014 3		5,000			5,675
Digicel Group Ltd. 8.25% 2020 3		4,950			5,222
Trilogy International Partners, LLC, 10.25% 2016 3		8,600			7,052
Crown Castle International Corp. 9.00% 2015		2,550			2,754
Crown Castle International Corp. 7.75% 2017 3		300			322
Level 3 Communications, Inc. 11.875% 2019		1,000			1,140
tw telecom holdings inc. 5.375% 2022 3		775			793
Syniverse Holdings, Inc. 9.125% 2019		500			540
					653,999

MATERIALS — 1.66%
ArcelorMittal 5.375% 2013		6,500			6,667
ArcelorMittal 4.00% 2015 2		22,075			21,950
ArcelorMittal 4.75% 2017 2		21,065			20,686
ArcelorMittal 10.10% 2019 2		4,000			4,614
ArcelorMittal 5.75% 2021 2		20,315			19,390
ArcelorMittal 6.50% 2022 2		11,250			11,102
ArcelorMittal 7.00% 2041 2		14,963			13,503
Rio Tinto Finance (USA) Ltd. 8.95% 2014		5,000			5,635
Rio Tinto Finance (USA) Ltd. 2.25% 2016		10,500			10,896
Rio Tinto Finance (USA) Ltd. 2.50% 2016		14,650			15,313
Rio Tinto Finance (USA) Ltd. 1.625% 2017		30,600			30,705
Rio Tinto Finance (USA) Ltd. 9.00% 2019		11,170			15,296
Rio Tinto Finance (USA) Ltd. 2.875% 2022		1,300			1,297
Cliffs Natural Resources Inc. 4.875% 2021		37,325			36,603
Cliffs Natural Resources Inc. 6.25% 2040		4,350			4,275
International Paper Co. 7.40% 2014		24,650			27,063
International Paper Co. 7.95% 2018		8,300			10,698
International Paper Co. 4.75% 2022		1,500			1,707
Xstrata Canada Financial Corp. 2.85% 2014 3		7,000			7,201
Xstrata Canada Financial Corp. 3.60% 2017 3		13,000			13,614
Xstrata Canada Financial Corp. 4.95% 2021 3		15,750			16,909
Reynolds Group Inc. 8.50% 2018		390			398
Reynolds Group Inc. 7.875% 2019		2,605			2,826
Reynolds Group Inc. 9.875% 2019		12,160			12,996
Reynolds Group Inc. 5.75% 2020 3		20,870			20,896
Newcrest Finance Pty Ltd. 4.45% 2021 3		23,285			23,922
Newcrest Finance Pty Ltd. 4.20% 2022 3		8,410			8,486
Newcrest Finance Pty Ltd. 5.75% 2041 3		3,000			3,093
Dow Chemical Co. 7.60% 2014		20,250			22,384
Dow Chemical Co. 5.70% 2018		3,500			4,219
Dow Chemical Co. 4.25% 2020		3,000			3,313
Teck Resources Ltd. 3.15% 2017		2,055			2,139
Teck Resources Ltd. 4.75% 2022		13,360			14,335
Teck Resources Ltd. 6.25% 2041		6,750			7,380
BHP Billiton Finance (USA) Ltd. 5.50% 2014		8,795			9,438
BHP Billiton Finance (USA) Ltd. 1.00% 2015		5,000			5,053
BHP Billiton Finance (USA) Ltd. 1.625% 2017		6,000			6,134
POSCO 4.25% 2020 3		15,000			15,992
CEMEX Finance LLC 9.50% 2016		5,925			6,147
CEMEX Finance LLC 9.50% 2016 3		5,200			5,395
CEMEX SA 9.25% 2020 3		1,126			1,135
Georgia Gulf Corp. 9.00% 2017 3		11,085			12,443
Inmet Mining Corp. 8.75% 2020 3		10,925			11,362
Ecolab Inc. 3.00% 2016		7,820			8,418
Ecolab Inc. 4.35% 2021		1,000			1,137
Ecolab Inc. 5.50% 2041		1,250			1,563
Newpage Corp. 11.375% 2014 5		11,460			7,277
MacDermid 9.50% 2017 3		5,870			6,156
JMC Steel Group Inc. 8.25% 2018 3		5,000			5,125
Taminco Global Chemical Corp. 9.75% 2020 3		4,500			4,883
Ball Corp. 7.125% 2016		1,270			1,381
Ball Corp. 5.75% 2021		1,850			2,003
Ball Corp. 5.00% 2022		1,405			1,474
Smurfit Capital Funding PLC 7.50% 2025		3,345			3,420
Georgia-Pacific Corp. 5.40% 2020 3		2,775			3,258
Barrick Gold Corp. 3.85% 2022		3,000			3,156
FMG Resources 7.00% 2015 3		3,000			3,000
Yara International ASA 7.875% 2019 3		2,175			2,771
AngloGold Ashanti Holdings PLC 5.125% 2022		2,600			2,653
Airgas, Inc. 7.125% 2018		2,000			2,172
Graphic Packaging International, Inc. 9.50% 2017		1,195			1,315
Graphic Packaging International, Inc. 7.875% 2018		700			779
ICI Wilmington, Inc. 5.625% 2013		2,000			2,092
Potash Corp. of Saskatchewan Inc. 5.875% 2036		1,250			1,606
E.I. du Pont de Nemours and Co. 0.789% 2014 2		1,000			1,007
E.I. du Pont de Nemours and Co. 5.25% 2016		500			587
Packaging Dynamics Corp. 8.75% 2016 3		1,430			1,516
Praxair, Inc. 4.375% 2014		200			212
Praxair, Inc. 4.625% 2015		500			550
Ardagh Packaging Finance 11.125% 2018 2,3,6		530			510
					564,631

INFORMATION TECHNOLOGY — 0.86%
SOFTWARE & SERVICES — 0.59%
International Business Machines Corp. 0.75% 2015		16,510			16,628
International Business Machines Corp. 1.95% 2016		15,905			16,630
International Business Machines Corp. 2.00% 2016		28,500			29,801
International Business Machines Corp. 1.875% 2019		12,000			12,468
International Business Machines Corp. 5.60% 2039		151			202
International Business Machines Corp. 4.00% 2042		5,002			5,488
First Data Corp. 9.875% 2015		821			842
First Data Corp. 10.55% 2015 6		4,371			4,497
First Data Corp. 11.25% 2016		51,360			50,076
First Data Corp., Term Loan D, 5.217% 2017 1,2,4		3,022			2,988
First Data Corp. 8.25% 2021 3		2,843			2,850
First Data Corp. 12.625% 2021		6,545			6,815
First Data Corp. 8.75% 2022 2,3,6		10,627			10,760
SRA International, Inc., Term Loan B, 6.50% 2018 1,2,4		12,012			11,912
SRA International, Inc. 11.00% 2019		12,080			12,382
Blackboard Inc., Term Loan B, 7.50% 2018 1,2,4		9,875			9,980
eBay Inc. 1.35% 2017		5,300			5,371
SunGard Data Systems Inc. 7.375% 2018		765			824
SunGard Data Systems Inc. 7.625% 2020		636			693
					201,207

TECHNOLOGY HARDWARE & EQUIPMENT — 0.14%
Xerox Corp. 6.40% 2016		768			879
Xerox Corp. 2.95% 2017		21,035			21,762
Xerox Corp. 6.75% 2017		360			425
Cisco Systems, Inc. 2.90% 2014		10,125			10,664
Jabil Circuit, Inc. 8.25% 2018		5,850			6,976
Jabil Circuit, Inc. 4.70% 2022		700			700
Hewlett-Packard Co. 0.823% 2014 2		7,000			6,945
Hughes Satellite Systems Corp. 7.625% 2021		575			640
					48,991

SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.13%
Freescale Semiconductor, Inc. 9.25% 2018 3		6,250			6,828
Freescale Semiconductor, Inc., Term Loan B, 6.00% 2019 1,2,4		11,691			11,742
Samsung Electronics America, Inc., 1.75% 2017 3		8,900			9,035
NXP BV and NXP Funding LLC 3.205% 2013 2		398			399
NXP BV and NXP Funding LLC 10.00% 2013 9		6,882			7,296
National Semiconductor Corp. 6.60% 2017		6,000			7,516
					42,816


Total corporate bonds & notes					9,871,438


U.S. TREASURY BONDS & NOTES — 20.33%
U.S. TREASURY — 19.29%
U.S. Treasury 0.625% 2012		66,160			66,240
U.S. Treasury 1.375% 2012		38,090			38,149
U.S. Treasury 0.625% 2013		4,000			4,007
U.S. Treasury 1.125% 2013 10		216,455			217,892
U.S. Treasury 3.375% 2013		7,900			8,089
U.S. Treasury 3.50% 2013		50,000			51,102
U.S. Treasury 3.875% 2013		25,000			25,348
U.S. Treasury 0.25% 2014		171,500			171,563
U.S. Treasury 0.25% 2014		10,250			10,256
U.S. Treasury 1.25% 2014		247,080			250,574
U.S. Treasury 1.875% 2014		164,690			168,547
U.S. Treasury 2.375% 2014		41,500			43,267
U.S. Treasury 2.625% 2014		79,340			82,798
U.S. Treasury 1.25% 2015		15,000			15,417
U.S. Treasury 1.875% 2015		40,055			41,785
U.S. Treasury 2.125% 2015		165,000			174,454
U.S. Treasury 4.25% 2015		50,000			55,617
U.S. Treasury 0.875% 2016		114,185			116,033
U.S. Treasury 0.875% 2016		8,145			8,274
U.S. Treasury 1.00% 2016		206,090			210,517
U.S. Treasury 1.00% 2016		94,165			96,185
U.S. Treasury 1.50% 2016		26,170			27,228
U.S. Treasury 1.75% 2016		86,870			91,101
U.S. Treasury 2.00% 2016		95,000			100,433
U.S. Treasury 2.375% 2016		100,000			106,918
U.S. Treasury 2.625% 2016		55,640			59,909
U.S. Treasury 3.00% 2016		3,560			3,914
U.S. Treasury 5.125% 2016		36,000			42,096
U.S. Treasury 7.50% 2016		58,000			74,625
U.S. Treasury 0.625% 2017		13,455			13,466
U.S. Treasury 0.625% 2017		6,510			6,528
U.S. Treasury 0.75% 2017		61,429			61,909
U.S. Treasury 0.875% 2017		240,280			243,735
U.S. Treasury 0.875% 2017		100,810			102,373
U.S. Treasury 1.00% 2017		308,986			315,215
U.S. Treasury 3.00% 2017		39,750			44,038
U.S. Treasury 3.25% 2017		107,400			120,350
U.S. Treasury 4.625% 2017		50,000			58,857
U.S. Treasury 8.75% 2017		25,000			34,358
U.S. Treasury 2.375% 2018		20,000			21,788
U.S. Treasury 3.50% 2018		58,625			67,270
U.S. Treasury 1.00% 2019		100,000			99,709
U.S. Treasury 1.125% 2019		379,450			383,290
U.S. Treasury 3.125% 2019		82,025			93,572
U.S. Treasury 8.125% 2019		25,000			36,952
U.S. Treasury 8.75% 2020		11,530			18,126
U.S. Treasury 2.00% 2021		50,000			52,220
U.S. Treasury 3.625% 2021		400			474
U.S. Treasury 8.00% 2021		40,000			62,689
U.S. Treasury 1.625% 2022		138,794			138,708
U.S. Treasury 1.75% 2022		390,136			395,820
U.S. Treasury 2.00% 2022		102,225			106,377
U.S. Treasury 7.125% 2023		85,000			129,818
U.S. Treasury 6.875% 2025		77,500			120,900
U.S. Treasury 7.625% 2025		1,550			2,533
U.S. Treasury 6.00% 2026		83,825			122,778
U.S. Treasury 6.50% 2026		45,800			70,475
U.S. Treasury 6.375% 2027		11,375			17,465
U.S. Treasury 5.25% 2028		50,000			70,031
U.S. Treasury 6.25% 2030		11,435			17,935
U.S. Treasury 4.50% 2036		154,207			206,034
U.S. Treasury 3.50% 2039		20,000			22,997
U.S. Treasury 4.25% 2039		8,165			10,597
U.S. Treasury 4.375% 2039		103,000			136,314
U.S. Treasury 3.875% 2040		70,880			86,717
U.S. Treasury 4.625% 2040		143,920			197,822
U.S. Treasury 3.75% 2041		220,495			264,007
U.S. Treasury 4.375% 2041		3,575			4,744
U.S. Treasury 2.75% 2042		4,500			4,433
U.S. Treasury 3.00% 2042		86,625			89,962
U.S. Treasury 3.125% 2042		140,037			149,172
					6,564,896

U.S. TREASURY INFLATION-PROTECTED SECURITIES 11 — 1.04%
U.S. Treasury Inflation-Protected Security 1.875% 2013		47,603			49,021
U.S. Treasury Inflation-Protected Security 0.125% 2016		10,380			11,006
U.S. Treasury Inflation-Protected Security 0.125% 2017		37,954			40,901
U.S. Treasury Inflation-Protected Security 0.125% 2022		154,036			168,382
U.S. Treasury Inflation-Protected Security 0.125% 2022		75,922			82,887
U.S. Treasury Inflation-Protected Security 2.125% 2041		314			463
					352,660


Total U.S. Treasury bonds & notes					6,917,556



BONDS & NOTES OF GOVERNMENTS & GOVERNMENT AGENCIES OUTSIDE THE U.S. — 3.72%
United Mexican States Government 3.50% 2017 11	MXN184,639			$	16,575
United Mexican States Government Global 5.95% 2019	$	5,170			6,437
United Mexican States Government, Series M, 6.50% 2021	MXN292,500				24,863
United Mexican States Government Global, Series A, 3.625% 2022	$	11,000			12,023
United Mexican States Government, Series M30, 10.00% 2036	MXN 55,500				6,177
United Mexican States Government 4.00% 2040 11		140,136			14,284
United Mexican States Government Global 4.75% 2044	$	3,152			3,514
Russian Federation 7.85% 2018	RUB240,000				8,271
Russian Federation 7.85% 2018		135,000			4,652
Russian Federation 5.00% 2020	$	23,900			27,497
Russian Federation 7.50% 2030 1		29,632			37,470
Russian Federation 7.50% 2030 1,3		117			148
Australia Government Agency-Guaranteed, National Australia Bank 0.96% 2014 2,3		25,000			25,074
Australia Government Agency-Guaranteed, National Australia Bank 3.375% 2014 3		50,550			52,963
Turkey (Republic of) 9.00% 2016	TRY4,900				2,845
Turkey (Republic of) 7.50% 2017	$	5,725			6,884
Turkey (Republic of) 6.75% 2018		17,250			20,420
Turkey (Republic of) 4.00% 2020 11	TRY16,177				10,134
Turkey (Republic of) 10.50% 2020		4,500			2,836
Turkey (Republic of) 5.625% 2021	$	8,000			9,160
Turkey (Republic of) 8.00% 2034		1,250			1,766
Turkey (Republic of) 6.75% 2040		9,300			11,788
Turkey (Republic of) 6.00% 2041		5,650			6,540
Polish Government, Series 1017, 5.25% 2017	PLN52,195				17,061
Polish Government 6.375% 2019	$	36,085			44,700
Polish Government 5.00% 2022		2,700			3,139
Indonesia (Republic of) 5.875% 2020		6,800			8,228
Indonesia (Republic of) 5.875% 2020 3		6,200			7,502
Indonesia (Republic of) 3.75% 2022		10,150			10,759
Indonesia (Republic of) 7.75% 2038		18,400			27,554
Indonesia (Republic of) 5.25% 2042		6,900			7,857
Venezuela (Republic of) 8.50% 2014		245			247
Venezuela (Republic of) 7.65% 2025		985			776
Venezuela (Republic of) 9.25% 2027		39,415			35,730
Venezuela (Republic of) 9.25% 2028		24,885			22,023
Colombia (Republic of) Global 12.00% 2015	COP8,795,000				6,036
Colombia (Republic of) Global 7.375% 2019	$	6,725			8,927
Colombia (Republic of) Global 4.375% 2021		2,400			2,776
Colombia (Republic of) Global 7.75% 2021	COP 7,505,000				5,165
Colombia (Republic of) Global 9.85% 2027		12,551,000			10,620
Colombia (Republic of) Global 7.375% 2037	$	13,600			20,978
Japanese Government, Series 296, 1.50% 2018	¥	2,468,700			33,886
Japanese Government, Series 29, 2.40% 2038		1,342,250			19,270
Australia Government Agency-Guaranteed, Commonwealth Bank of Australia 2.50% 2012 3	$	7,250			7,280
Australia Government Agency-Guaranteed, Commonwealth Bank of Australia 2.90% 2014 3		23,005			24,071
Australia Government Agency-Guaranteed, Commonwealth Bank of Australia 3.625% 2014 3		20,000			21,087
Brazil (Federal Republic of) 10.00% 2017	BRL28,515				14,538
Brazil (Federal Republic of) 6.00% 2017 11		40,651			22,746
Brazil (Federal Republic of) Global 8.00% 2018 1	$	1,018			1,213
Brazil (Federal Republic of) Global 4.875% 2021		5,250			6,300
Brazil (Federal Republic of) Global 12.25% 2030		425			877
Brazil (Federal Republic of) Global 7.125% 2037		750			1,134
France Government Agency-Guaranteed, Société Finance 2.875% 2014 3		33,200			34,738
France Government Agency-Guaranteed, Société Finance 3.375% 2014 3		10,000			10,460
South Korean Government 5.75% 2014		21,100			22,672
South Korean Government 5.25% 2015	KRW11,137,000				10,704
South Korean Government 5.50% 2017		10,100,000			10,190
Philippines (Republic of) 5.50% 2026	$	9,750			12,248
Philippines (Republic of) 6.375% 2034		15,500			21,390
Philippines (Republic of) 6.25% 2036	PHP326,000				8,769
Uruguay (Republic of) 5.00% 2018 11	UYU400,564				22,571
Uruguay (Republic of) 4.375% 2028 11		220,923			13,002
Uruguay (Republic of) 7.625% 2036 1	$	1,250			1,959
Peru (Republic of) 8.75% 2033		8,226			14,375
Peru (Republic of) 6.55% 2037 1		14,200			20,980
Sweden Government Agency-Guaranteed, Swedbank AB 2.90% 2013 3		35,000			35,247
New Zealand Government Agency-Guaranteed, Westpac Securities Co. 3.45% 2014 3		33,320			35,078
Chilean Government 3.875% 2020		3,000			3,394
Chilean Government 5.50% 2020	CLP4,270,000				9,578
Chilean Government 3.25% 2021	$	9,950			10,821
Chilean Government 6.00% 2021	CLP2,170,000				4,780
Iraq (Republic of) 5.80% 2028 1	$	28,450			26,316
Argentina (Republic of) 7.00% 2015		1,285			1,178
Argentina (Republic of) 8.28% 2033 1,6		25,998			20,538
Netherlands Government 1.00% 2017		18,300			18,493
Province of Ontario, Series 1, 1.875% 2012		17,375			17,410
European Investment Bank 1.00% 2015		9,100			9,226
European Investment Bank 1.00% 2017		5,000			5,003
South Africa (Republic of) 5.50% 2020		10,750			12,819
KfW 1.00% 2015		8,400			8,486
KfW 2.00% 2022		4,325			4,285
Croatian Government 6.75% 2019		7,985			9,043
Croatian Government 6.75% 2019 3		2,865			3,245
Bahrain Government 5.50% 2020		10,440			10,771
Bahrain Government 5.50% 2020 3		510			526
Bermudan Government 5.603% 2020 3		5,110			5,937
Bermudan Government 5.603% 2020		3,940			4,578
State of Qatar 3.125% 2017 3		3,750			3,969
State of Qatar 5.25% 2020		5,000			5,937
State of Qatar 4.50% 2022 3		500			567
Dominican Republic 9.04% 2018 1,3		4,481			5,030
Dominican Republic 7.50% 2021 1,3		3,500			3,972
Dominican Republic 7.50% 2021 1		950			1,078
Lithuania (Republic of) 6.625% 2022		3,700			4,602
Lithuania (Republic of) 6.625% 2022 3		3,400			4,229
Aries Vermögensverwaltungs GmbH, Series C, 9.60% 2014		7,000			8,330
United Kingdom Government Agency-Guaranteed, Network Rail Infrastructure Ltd 1.50% 2014 3		8,000			8,127
Netherlands Government Agency-Guaranteed, ING Bank NV 3.90% 2014 3		7,000			7,345
Hungarian Government 6.25% 2020		6,700			7,302
German Government 3.25% 2042	€	4,570			7,218
Gabonese Republic 8.20% 2017	$	5,300			6,519
El Salvador (Republic of) 7.375% 2019		4,800			5,544
Panama (Republic of) Global 7.25% 2015		1,138			1,306
Panama (Republic of) Global 7.125% 2026		300			427
Panama (Republic of) Global 8.875% 2027		250			407
Panama (Republic of) Global 9.375% 2029		340			581
Panama (Republic of) Global 6.70% 2036 1		1,504			2,121
Israeli Government 5.125% 2019		500			577
Israeli Government 4.00% 2022		3,500			3,725
Caisse d’Amortissement de la Dette Sociale 1.625% 2015 3		4,000			4,080
Sri Lanka (Republic of) 6.25% 2021 3		3,400			3,714
Kommunalbanken 1.00% 2014 3		2,924			2,950
Province of Buenos Aires 10.875% 2021 1,3		1,500			1,102
Ireland Government Agency-Guaranteed, Irish Life & Permanent 3.60% 2013 3		600			597
LCR Finance PLC 5.10% 2051	£	165			363
					1,267,330


FEDERAL AGENCY BONDS & NOTES — 2.79%
Freddie Mac 0.50% 2014	$	12,400			12,442
Freddie Mac 2.50% 2014		12,000			12,426
Freddie Mac 4.50% 2014		7,400			7,810
Freddie Mac 5.00% 2014		25,000			27,131
Freddie Mac 1.75% 2015		37,350			38,844
Freddie Mac 2.50% 2016		15,200			16,285
Freddie Mac 5.50% 2016		17,980			21,296
Freddie Mac 5.00% 2017		11,500			13,724
Freddie Mac 1.25% 2019		77,750			77,733
Federal Home Loan Bank, Series 363, 4.50% 2012		36,500			36,707
Federal Home Loan Bank 1.625% 2013		22,100			22,249
Federal Home Loan Bank 3.625% 2013		75,000			77,694
Federal Home Loan Bank 2.50% 2014		25,000			25,956
Federal Home Loan Bank 5.50% 2014		8,000			8,787
Federal Home Loan Bank, Series 2816, 1.00% 2017		31,025			31,438
Federal Home Loan Bank 4.125% 2020		14,525			17,243
Federal Home Loan Bank 5.50% 2036		2,600			3,612
Fannie Mae 0.75% 2013		99,300			99,928
Fannie Mae 4.625% 2013		36,700			38,392
Fannie Mae 2.50% 2014		7,250			7,518
Fannie Mae 3.00% 2014		9,500			10,008
Fannie Mae 0.50% 2015		17,500			17,566
Fannie Mae 5.375% 2016		10,420			12,306
Fannie Mae 6.25% 2029		400			585
Fannie Mae 6.625% 2030		2,875			4,436
Fannie Mae: 7.125% 2030		5,400			8,635
United States Government Agency-Guaranteed (FDIC insured), Citigroup Inc. 0.435% 2012 2		50,000			50,021
United States Government Agency-Guaranteed (FDIC insured), Citigroup Inc. 1.875% 2012		20,000			20,019
Tennessee Valley Authority, Series A, 5.50% 2017		1,500			1,831
Tennessee Valley Authority, Series A, 3.875% 2021		4,125			4,841
Tennessee Valley Authority 1.875% 2022		19,250			19,254
Tennessee Valley Authority, 4.65% 2035		4,000			4,895
Tennessee Valley Authority 5.25% 2039		21,250			28,096
Tennessee Valley Authority, Series 2008, Class A, 4.875% 2048		3,200			4,048
Tennessee Valley Authority, Series A, 4.625% 2060		1,100			1,365
Federal Farm Credit Banks, Consolidated Systemwide Designated Bonds, 1.875% 2012		13,500			13,546
Federal Farm Credit Banks, Consolidated Systemwide Designated Bonds, 1.625% 2014		33,700			34,671
Federal Farm Credit Banks, Consolidated Systemwide Designated Bonds, 2.625% 2014		5,000			5,185
Federal Farm Credit Banks, Consolidated Systemwide Designated Bonds, 3.00% 2014		10,000			10,544
CoBank ACB 7.875% 2018 3		23,615			29,456
CoBank ACB 0.989% 2022 2,3		34,865			28,540
United States Government Agency-Guaranteed (FDIC insured), General Electric Capital Corp., Series G, 2.125% 2012		25,000			25,106
Federal Agricultural Mortgage Corp. 5.125% 2017 3		5,000			5,941
United States Agency for International Development, Republic of Egypt 4.45% 2015		5,000			5,575
Private Export Funding Corp., Series W, 5.00% 2016		3,400			3,976
					947,661

ASSET-BACKED OBLIGATIONS 1 — 0.71%
Aesop Funding II LLC, Series 2010-2A, Class A, 3.63% 2014 3		12,400			12,585
Aesop Funding II LLC, Series 2010-5A, Class A, 3.15% 2017 3		20,000			21,271
Hertz Vehicle Financing LLC, Rental Car Asset-backed Notes, Series 2009-2A, Class A-1, 4.26% 2014 3		9,000			9,094
Hertz Vehicle Financing LLC, Rental Car Asset-backed Notes, Series 2009-2A, Class A-2, 5.29% 2016 3		17,500			19,211
Vega ContainerVessel PLC, Series 2006-1, Class A, XLCA insured, 5.562% 2021 3		24,823			23,621
Chase Issuance Trust, Series 2008-4, Class A, 4.65% 2015		18,000			18,350
AEP Texas Central Transitioning Funding II LLC, Secured Transition Bonds, Series A, Class A-3, 5.09% 2017		16,720			17,972
CWHEQ Revolving Home Equity Loan Trust, Series 2007-B, Class A, FSA insured, 0.371% 2037 2		17,889			13,904
Vanderbilt Mortgage and Finance, Inc., Series 2002-C, Class A-4, 6.57% 2024		3,887			4,074
Vanderbilt Mortgage and Finance, Inc., Series 2000-C, Class A-4, 7.905% 2026		131			131
Vanderbilt Mortgage and Finance, Inc., Series 2000-D, Class A-4, 7.715% 2027		187			190
Vanderbilt Mortgage and Finance, Inc., Series 2000-C, Class A-5, 8.195% 2030		6,889			7,093
Vanderbilt Mortgage and Finance, Inc., Series 2001-C, Class M-1, 6.76% 2032		508			518
Vanderbilt Mortgage and Finance, Inc., Series 2002-C, Class M-1, 7.82% 2032		1,383			1,413
MBNA Credit Card Master Note Trust, Series 2006-1, Class C, 0.641% 2015 2		10,000			9,993
RAMP Trust, Series 2004-RS10, Class A-I-6, 4.55% 2034		9,478			9,326
Flagstar Home Equity Loan Trust, Series 2006-2A, Class A, FSA insured, 0.377% 2019 2,3		10,937			9,267
Vanderbilt Acquisition Loan Trust, Series 2002-1, Class B-1, 7.30% 2021		441			442
Vanderbilt Acquisition Loan Trust, Series 2002-1, Class A-4, 6.57% 2027		4,925			5,181
Vanderbilt Acquisition Loan Trust, Series 2002-1, Class A-5, 7.12% 2032		3,000			3,237
Lehman ABS Manufactured Housing Contract Trust, Series 2002-A, Class A, 0.671% 2033 2		2,918			2,778
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A-3, 4.35% 2040		1,321			1,395
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A-4, 5.27% 2040		677			732
Lehman ABS Manufactured Housing Contract Trust, Series 2001-B, Class A-5, 5.873% 2040		2,224			2,440
IndyMac Home Equity Mortgage Loan Asset-backed Trust, Series 2007-H1, Class A-1, FSA insured, 0.377% 2037 2		9,128			6,695
First Horizon ABS Trust, Series 2006-HE2, Class A, FSA insured, 0.347% 2026 2		397			343
First Horizon ABS Trust, Series 2007-HE1, Class A, FSA insured, 0.366% 2029 2		6,930			5,274
Home Equity Asset Trust, Series 2004-7, Class M-1, 1.147% 2035 2		6,500			5,224
Conseco Finance Securitizations Corp., Series 2002-2, Class A-2, 6.03% 2033		4,001			4,175
CPS Auto Receivables Trust, Series 2007-C, Class A-4, FSA insured, 5.92% 2014 3		4,043			4,049
UCFC Manufactured Housing Contract, Series 1996-2, Class A, MBIA insured, 7.135% 2028		3,362			3,268
Green Tree Financial Corp., Series 1996-10, Class A-6, 7.30% 2028		111			112
Green Tree Financial Corp., Series 1997-6, Class A-7, 7.14% 2029		2,318			2,514
Conseco Finance Home Equity Loan Trust, Series 2002-B, Class M-1, 1.971% 2033 2		808			640
Origen Manufactured Housing Contract Trust, Series 2004-B, Class M-1, 5.73% 2035		1,509			1,609
Origen Manufactured Housing Contract Trust, Series 2004-B, Class M-2, 6.51% 2035		1,208			1,330
Hyundai Auto Receivables Trust, Series 2011-A, Class A3, 1.16% 2015		2,500			2,512
Ally Master Owner Trust, Series 2011-1, Class A2, 2.15% 2016		2,450			2,495
World Omni Auto Receivables Trust, Series 2010-A, Class A-4, 2.21% 2015		2,324			2,351
SLM Student Loan Trust, Series 2003-10, Class A-4, 5.15% 2039 3	£	1,160			1,498
Consumers Funding LLC, Series 2001-1, Class A-5, 5.43% 2015	$	981			1,002
Residential Funding Mortgage Securities II, Inc., Series 2006-HSA3, Class A, FSA insured, 0.347% 2036 2		1,161			872
AmeriCredit Automobile Receivables Trust, Series 2011-1, Class A-2, 0.84% 2014		122			122
					240,303

MUNICIPALS — 0.34%
State of California, Various Purpose General Obligation Bonds (Federally Taxable), 7.60% 2040		18,730			26,108
State of California, Various Purpose General Obligation Bonds (Federally Taxable), 7.625% 2040		2,410			3,339
State of Illinois, General Obligation Bonds, Taxable Build America Bonds, Series 2010-3, 5.727% 2020		17,000			18,772
State of New York, Long Island Power Authority, Electric System General Revenue Refunding Bonds,
Series 2009-A, 5.75% 2039		14,330			17,204
State of Illinois, Regional Transportation Authority of Cook, DuPage, Kane, Lake, McHenry and Will Counties,
General Obligation Revenue Refunding Bonds, Series 2003-A, FGIC-National insured, 6.00% 2033		12,120			16,444
State of South Dakota, Educational Enhancement Funding Corp., Tobacco Settlement Asset-backed Bonds,
Series 2002-A, 6.72% 2025		11,926			12,118
State of New York, Metropolitan Transportation Authority, Dedicated Tax Fund Bonds (Federally Taxable-Issuer
Subsidy-Build America Bonds), Series 2009-C, 7.336% 2039		5,500			8,301
State of Washington, Energy Northwest, Columbia Generating Station Electric Revenue Bonds, Series 2012-E, 2.197% 2019		8,000			8,181
State of Texas, SA Energy Acquisition Public Facility Corp., Gas Supply Revenue Bonds, Series 2007, 5.50% 2023		6,000			6,774
State of Maryland, Howard Hughes Medical Institute, Taxable Bonds, 3.45% 2014		125			132
					117,373


Total bonds & notes (cost: $29,907,658,000)					31,672,849



Convertible securities — 0.04%

INFORMATION TECHNOLOGY — 0.04%
Linear Technology Corp., Series A, 3.00% convertible notes 2027		11,500			11,967



Total convertible securities (cost: $10,414,000)					11,967



Preferred securities — 0.01%	Shares

FINANCIALS — 0.01%
CoBank, ACB, Class E, noncumulative 3		6,250			4,202


Total preferred securities (cost: $5,820,000)					4,202



Common stocks — 0.01%

CONSUMER DISCRETIONARY — 0.01%
American Media, Inc. 3,8,12		453,779			4,602


INDUSTRIALS — 0.00%
Atrium Corp. 3,8,12		985			65


ENERGY — 0.00%
General Maritime Corp. 3,8,12		1,716			63


Total common stocks (cost: $9,571,000)					4,730



Warrants — 0.00%

ENERGY — 0.00%
General Maritime Corp., warrants, expire 2017 3,8,12		2,654			21


Total warrants (cost: $671,000)					21


	Principal amount
Short-term securities — 17.08%		(000	)

Fannie Mae 0.09%–0.185% due 10/1/2012–7/1/2013	$	1,262,355			1,261,671
Freddie Mac 0.10%–0.20% due 10/2/2012–4/23/2013		1,135,971			1,135,655
U.S. Treasury Bills 0.092%–0.165% due 10/11/2012–5/2/2013		1,072,300			1,071,964
Federal Home Loan Bank 0.11%–0.21% due 10/10/2012–6/14/2013		832,225			831,946
Federal Farm Credit Banks 0.14%–0.22% due 10/18/2012–7/29/2013		215,000			214,861
Coca-Cola Co. 0.20%–0.22% due 10/9–12/10/2012 3		150,000			149,973
Variable Funding Capital Corp. 0.16% due 10/15/2012 3		75,000			74,995
Wells Fargo & Co. 0.16% due 11/16/2012		50,000			49,981
Chariot Funding, LLC 0.17%–0.21% due 10/11–12/18/2012 3		104,600			104,585
Jupiter Securitization Co., LLC 0.25% due 1/3/2013 3		14,298			14,286
United Technologies Corp. 0.13%–0.20% due 10/18–10/19/2012 3		115,117			115,105
Procter & Gamble Co. 0.13%–0.15% due 10/29–12/17/2012 3		114,500			114,478
Wal-Mart Stores, Inc. 0.11%–0.12% due 10/11–10/15/2012 3		109,800			109,796
Bank of New York Mellon Corp. 0.11% due 10/16/2012 3		85,000			84,996
Chevron Corp. 0.10% due 10/11/2012 3		75,300			75,298
Straight-A Funding LLC 0.18% due 10/10–11/6/2012 3		75,029			75,021
Pfizer Inc 0.10%–0.11% due 10/9–10/11/2012 3		56,200			56,199
E.I. duPont de Nemours and Co. 0.12%–0.14% due 10/1–11/6/2012 3		52,600			52,596
Johnson & Johnson 0.17% due 11/1/2012 3		42,900			42,894
National Rural Utilities Cooperative Finance Corp. 0.13% due 10/15/2012		41,450			41,448
Abbott Laboratories 0.11% due 10/3/2012 3		35,100			35,100
Medtronic Inc. 0.15% due 10/25/2012 3		28,900			28,895
Private Export Funding Corp. 0.21% due 1/8/2013 3		25,000			24,978
Paccar Financial Corp. 0.12% due 10/11/2012		19,000			18,999
Harvard University 0.10% due 10/11/2012		15,002			15,002
Becton, Dickinson and Co. 0.12% due 10/19/2012		9,800			9,799

Total short-term securities (cost: $5,810,171,000)					5,810,521


Total investment securities (cost: $35,744,305,000)					37,504,290
Other assets less liabilities					(3,476,729	)

Net assets				$	34,027,561

Forward currency contracts

The fund has entered into forward currency contracts to sell currencies as shown in the following table. The open forward currency contracts shown are generally indicative of the level of activity over the prior 12-month period.

									Unrealized
									appreciation
			Contract amount						(depreciation)
			Receive			Deliver			at 9/30/2012
	Settlement date	Counterparty		(000	)		(000	)		(000	)

Sales:
Brazilian reais	10/29/2012	JPMorgan Chase	$	33,881		BRL68,900			$	47
British pounds	11/16/2012	UBS AG	$	12,629		£	8,160			(378	)
Colombian pesos	10/22/2012	JPMorgan Chase	$	5,781		COP10,408,000				19
Euros	10/12/2012	Barclays Bank PLC	$	11,007		€	8,970			(521	)
Euros	12/14/2012	Citibank	$	1,801		€	1,400			5
Euros	12/21/2012	UBS AG	$	14,318		€	10,950			234
Japanese yen	10/31/2012	UBS AG	$	45,928		¥	3,605,342			(283	)
New Turkish liras	12/4/2012	Citibank	$	13,562		TRY25,000				(218	)
Polish zloty	11/7/2012	Citibank	$	9,675		PLN32,000				(304	)

									$	(1,399	)

Interest rate swaps

The fund has entered into interest rate swaps as shown in the following table. The interest rate swaps shown are generally indicative of the volume of activity over the prior nine-month period.

										Unrealized
							Notional			appreciation
							amount			at 9/30/2012
	Floating rate index	Fixed rate			Expiration date	Counterparty		(000	)		(000	)

Counterparty receives floating rate:
	3-month USD-LIBOR		1.74125	%	6/7/2022	Citibank	$	55,000		$	437
	3-month USD-LIBOR		2.61	%	2/17/2032	JPMorgan Chase		72,000			2,367

										$	2,804

1 Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

2 Coupon rate may change periodically.

3 Acquired in a transaction exempt from registration under Rule 144A or section 4(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $4,413,159,000, which represented 12.97% of the net assets of the fund.

4 Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $288,531,000, which represented .85% of the net assets of the fund.

5 Scheduled interest and/or principal payment was not received.

6 Payment in kind; the issuer has the option of paying additional securities in lieu of cash.

7 Step bond; coupon rate will increase at a later date.

8 Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $10,435,000, which represented .03% of the net assets of the fund.

9 Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. This security (acquired on 7/17/2009 at a cost of $6,497,000) may be subject to legal or contractual restrictions on resale.

10 A portion of this security was pledged as collateral for net losses on unsettled forward currency contracts with certain counterparties. The total value of pledged collateral was $626,000, which represented less than .01% of the net assets of the fund.

11 Index-linked bond whose principal amount moves with a government price index.

12 Security did not produce income during the last 12 months.

Valuation disclosures

Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value of each share class of the fund is generally determined as of approximately 4:00 p.m. New York time each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities purchased with more than 60 days left to maturity, are generally valued at prices obtained from one or more pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

Fixed-income class	Examples of standard inputs
All	Benchmark yields, transactions, bids, offers, quotations from dealers and trading
	systems, new issues, spreads and other relationships observed in the markets
	among comparable securities; and proprietary pricing models such as yield
	measures calculated using factors such as cash flows, financial or collateral
	performance and other reference data (collectively referred to as “standard inputs”)

Corporate bonds & notes; convertible securities	Standard inputs and underlying equity of the issuer

Bonds & notes of governments & government agencies	Standard inputs and interest rate volatilities

Mortgage-backed; asset-backed obligations	Standard inputs and cash flows, prepayment information, default rates, delinquency
	and loss assumptions, collateral characteristics, credit enhancements and specific
	deal information

Municipal securities	Standard inputs and, for certain distressed securities, cash flows or liquidation
	values using a net present value calculation based on inputs that include, but are
	not limited to, financial statements and debt contracts

When the fund’s investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or not deemed to be representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described above for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. Short-term securities purchased within 60 days to maturity are valued at amortized cost, which approximates fair value. The value of short-term securities originally purchased with maturities greater than 60 days is determined based on an amortized value to par when they reach 60 days. Forward currency contracts are valued at the mean of representative quoted bid and ask prices, generally based on prices supplied by one or more pricing vendors. Interest rate swaps are generally valued by pricing vendors based on market inputs that include the index and term of index, reset frequency, payer/receiver, currency, and pay frequency.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair value guidelines adopted by authority of the fund’s board of trustees as further described below. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

Processes and structure — The fund’s board of trustees has delegated authority to the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any changes to the fair valuation guidelines to the board of trustees with supplemental information to support the changes. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.

The fund’s investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the investment adviser’s compliance group.

Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The following tables present the fund’s valuation levels as of September 30, 2012 (dollars in thousands):

	Investment securities
	Level 1		Level 2			Level 3		Total
Assets:
Bonds & notes:
Mortgage-backed obligations	$	—	$	12,311,188		$	—	$	12,311,188
Corporate bonds & notes		—		9,871,438			—		9,871,438
U.S. Treasury bonds & notes		—		6,917,556			—		6,917,556
Bonds & notes of governments & government agencies outside the U.S.		—		1,267,330			—		1,267,330
Federal agency bonds & notes		—		947,661			—		947,661
Asset-backed obligations		—		240,303			—		240,303
Municipals		—		117,373			—		117,373
Convertible securities		—		11,967			—		11,967
Preferred securities		—		4,202			—		4,202
Common stocks		—		—			4,730		4,730
Warrants		—		—			21		21
Short-term securities		—		5,810,521			—		5,810,521
Total	$	—	$	37,499,539		$	4,751	$	37,504,290



		Other investments*
	Level 1		Level 2			Level 3		Total
Assets:
Unrealized appreciation on open forward currency contracts	$	—	$	305		$	—	$	305
Unrealized appreciation on interest rate swaps		—		2,804			—		2,804

Liabilities:
Unrealized depreciation on open forward currency contracts		—		(1,704	)		—		(1,704	)
Total	$	—	$	1,405		$	—	$	1,405

*Forward currency contracts and interest rate swaps are not included in the investment portfolio.

Federal income tax information	(dollars in thousands)

Gross unrealized appreciation on investment securities	$	1,850,169
Gross unrealized depreciation on investment securities		(123,712	)
Net unrealized appreciation on investment securities		1,726,457
Cost of investment securities for federal income tax purposes		35,777,833

Key to abbreviations and symbols

BRL = Brazilian reais	¥ = Japanese yen	RUB = Russian rubles
CLP = Chilean pesos	KRW = South Korean won	TRY = Turkish lira
COP = Colombian pesos	MXN = Mexican pesos	UYU = Uruguayan pesos
€ = Euros	PHP = Philippine pesos
£ = British pounds	PLN = Polish zloty

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at 800/421-4225 or visit the American Funds website at americanfunds.com.

MFGEFPX-008-1112O-S32851

ITEM 2 – Controls and Procedures

The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

ITEM 3 – Exhibits

The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	THE BOND FUND OF AMERICA

	By /s/ John H. Smet
	John H. Smet, President and Principal Executive Officer

	Date: November 28, 2012

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By /s/ John H. Smet

John H. Smet, President and

Principal Executive Officer

Date: November 28, 2012

By /s/ Brian C. Janssen

Brian C. Janssen, Treasurer and

Principal Financial Officer

Date: November 28, 2012

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