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UNITED STATES |
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FORM N-Q |
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QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number |
811-5399 |
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The New America High Income Fund, Inc. |
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(Exact name of registrant as specified in charter) |
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33 Broad Street, Boston, MA |
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02109 |
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(Address of principal executive offices) |
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(Zip code) |
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Ellen E. Terry, 33 Broad Street, Boston MA 02109 |
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(Name and address of agent for service) |
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Registrants telephone number, including area code: |
(617) 263-6400 |
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Date of fiscal year end: |
12/31/08 |
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Date of reporting period: |
1/1/09 - 3/31/09 |
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Item 1 - Schedule of Investments - March 31, 2009 (Unaudited) (Dollar Amounts in Thousands)
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Moodys |
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Principal |
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Rating |
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Value |
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Amount/Units |
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(Unaudited) |
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(Note 1) |
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CORPORATE DEBT SECURITIES - 151.83% (d) |
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Aerospace and Defense - 2.89% |
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650 |
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BE Aerospace Inc., Senior Notes, |
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8.50%, 07/01/18 |
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Ba3 |
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538 |
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1,625 |
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GenCorp Inc., Senior Subordinated Notes, |
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9.50%, 08/15/13 |
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B1 |
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1,170 |
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925 |
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Hawker Beechcraft Acquisition Company LLC, |
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Senior Notes, 8.50%, 04/01/15 |
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Caa1 |
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231 |
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350 |
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Hawker Beechcraft Acquisition Company LLC, |
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Senior Notes, 8.875%, 04/01/15 (i) |
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Caa1 |
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38 |
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150 |
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Hawker Beechcraft Acquisition Company LLC, |
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Senior Subordinated Notes, 9.75%, 04/01/17 |
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Caa2 |
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26 |
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500 |
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L 3 Communications Corporation, Senior Subordinated |
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Notes, 7.625%, 06/15/12 |
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Ba3 |
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503 |
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625 |
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Moog, Inc., Senior Notes, |
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7.25%, 06/15/18 (g) |
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Ba3 |
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575 |
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825 |
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TransDigm Inc., Senior Subordinated Notes, |
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7.75%, 07/15/14 |
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B3 |
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769 |
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575 |
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Vought Aircraft Industries, Senior Notes, |
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8%, 07/15/11 |
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Caa1 |
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227 |
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4,077 |
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Automobile - 2.61% |
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1,825 |
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Allison Transmission, Inc., Senior Notes, |
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11.25%, 11/01/15 (g) |
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Caa2 |
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693 |
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850 |
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Cooper Standard Automotive Inc., Senior Subordinated |
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Notes, 8.375%, 12/15/14 |
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Caa3 |
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59 |
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1,035 |
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Goodyear Tire & Rubber Company, Senior Notes, |
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8.625%, 12/01/11 |
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B1 |
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859 |
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525 |
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KAR Holdings, Inc., Senior Notes, |
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5.17%, 05/01/14 |
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B3 |
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247 |
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1,700 |
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KAR Holdings, Inc., Senior Subordinated Notes, |
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10%, 05/01/15 |
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Caa1 |
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722 |
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950 |
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SPX Corporation, Senior Notes, |
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7.625%, 12/15/14 |
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Ba2 |
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914 |
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475 |
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Tenneco Automotive, Inc., Senior Subordinated Notes, |
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8.625%, 11/15/14 |
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Caa2 |
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87 |
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275 |
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United Components, Inc., Senior Subordinated Notes, |
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9.375%, 06/15/13 |
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Caa2 |
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107 |
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3,688 |
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Beverage, Food and Tobacco - 4.83% |
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600 |
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Altria Group, Inc., Senior Notes, |
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9.25%, 08/06/19 |
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Baa1 |
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642 |
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625 |
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Altria Group, Inc., Senior Notes, |
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9.70%, 11/10/18 |
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Baa1 |
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681 |
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575 |
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Anheuser-Busch InBev Worldwide, Inc., |
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Senior Notes, 7.20%, 01/15/14 (g) |
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Baa2 |
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603 |
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1,050 |
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Del Monte Corporation, Senior Subordinated |
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Notes, 8.625%, 12/15/12 |
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B2 |
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1,053 |
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500 |
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Dole Food Company, Inc., Senior Notes, |
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7.25%, 06/15/10 |
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Caa2 |
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456 |
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475 |
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Dole Food Company, Inc., Senior Notes, |
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13.875%, 03/15/14 (g) |
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B2 |
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463 |
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1,400 |
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Reynolds American, Inc., Senior Notes, |
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7.25%, 06/01/13 |
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Baa3 |
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1,333 |
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650 |
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Tyson Foods, Inc., Senior Notes, |
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8.25%, 10/01/11 |
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B2 |
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657 |
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900 |
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Tyson Foods, Inc., Senior Notes, |
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10.50%, 03/01/14 (g) |
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Ba3 |
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928 |
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6,816 |
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Broadcasting and Entertainment - 9.45% |
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400 |
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CBS Corporation, Senior Notes, |
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6.625%, 05/15/11 |
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Baa3 |
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384 |
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550 |
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CSC Holdings, Inc., Senior Notes, |
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7.625%, 07/15/18 |
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B1 |
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496 |
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1,275 |
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CSC Holdings, Inc., Senior Notes, |
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8.50%, 04/15/14 (g) |
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B1 |
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1,262 |
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625 |
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CSC Holdings, Inc., Senior Notes, |
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8.625%, 02/15/19 (g) |
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B1 |
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603 |
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775 |
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DIRECTV Holdings LLC, Senior Notes, |
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6.375%, 06/15/15 |
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Ba3 |
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728 |
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325 |
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DIRECTV Holdings LLC, Senior Notes, |
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7.625%, 05/15/16 |
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Ba3 |
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318 |
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750 |
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DIRECTV Holdings LLC, Senior Notes, |
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8.375%, 03/15/13 |
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Ba3 |
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759 |
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350 |
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EchoStar DBS Corporation, Senior Notes, |
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6.375%, 10/01/11 |
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Ba3 |
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339 |
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1,178 |
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EchoStar DBS Corporation, Senior Notes, |
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6.625%, 10/01/14 |
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Ba3 |
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1,054 |
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375 |
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EchoStar DBS Corporation, Senior Notes, |
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7.75%, 05/31/15 |
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Ba3 |
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345 |
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1,050 |
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Gaylord Entertainment Company, Senior Notes, |
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6.75%, 11/15/14 |
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Caa1 |
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646 |
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575 |
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Gaylord Entertainment Company, Senior Notes, |
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8%, 11/15/13 |
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Caa1 |
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380 |
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475 |
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Kabel Deutschland GmbH, Senior Notes, |
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10.625%, 07/01/14 |
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B2 |
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477 |
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378 |
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Lamar Advertising Company, Convertible Notes, |
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2.875%, 12/31/10 |
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(e) |
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348 |
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825 |
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Lamar Media Corporation, Senior Subordinated Notes, |
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6.625%, 08/15/15 |
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B2 |
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610 |
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125 |
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Lamar Media Corporation, Senior Subordinated Notes, |
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Series B, 6.625%, 08/15/15 |
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B2 |
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92 |
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50 |
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Lamar Media Corporation, Senior Subordinated Notes, |
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Series C, 6.625%, 08/15/15 |
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B2 |
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37 |
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400 |
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Lamar Media Corporation, Senior Subordinated Notes, |
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9.75%, 04/01/14 (g) |
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Ba3 |
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388 |
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1,025 |
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Mediacom Broadband LLC, Senior Notes, |
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8.50%, 10/15/15 |
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B3 |
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923 |
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250 |
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Rainbow National Services LLC, Senior Notes, |
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8.75%, 09/01/12 (g) |
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B1 |
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250 |
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300 |
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Rogers Cable Inc., Senior Secured Notes, |
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6.75%, 03/15/15 |
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Baa3 |
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294 |
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200 |
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Time Warner Cable, Inc., Senior Notes, |
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8.25%, 04/01/19 |
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Baa2 |
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206 |
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700 |
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Univision Communications, Inc., Senior Notes, |
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7.85%, 07/15/11 |
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B2 |
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459 |
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550 |
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Univision Communications, Inc., Senior Notes, |
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9.75%, 03/15/15 (g)(i) |
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Caa2 |
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58 |
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250 |
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Videotron Ltee., Senior Notes, |
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6.375%, 12/15/15 |
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Ba2 |
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226 |
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1,475 |
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Videotron Ltee., Senior Notes, |
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6.875%, 01/15/14 |
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Ba2 |
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1,398 |
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25 |
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Videotron Ltee., Senior Notes, |
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9.125%, 04/15/18 (g) |
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Ba2 |
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25 |
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525 |
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XM Satellite Radio, Inc., Senior Notes, |
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13%, 08/01/13 (g) |
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Ca |
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239 |
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13,344 |
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Building and Real Estate - 4.36% |
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500 |
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AMH Holdings, Inc., Senior Discount Notes, |
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11.25%, 03/01/14 |
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Caa2 |
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150 |
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425 |
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Centex Corporation, Senior Notes, |
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4.55%, 11/01/10 |
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Ba3 |
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387 |
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50 |
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Centex Corporation, Senior Notes, |
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7.875%, 02/01/11 |
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Ba3 |
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47 |
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500 |
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FelCor Lodging Limited Partnership, Senior Notes, |
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8.50%, 06/01/11 |
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B1 |
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300 |
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750 |
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Host Hotels and Resorts L.P., Senior Debentures, |
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2.625%, 04/15/27 (g) |
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(e) |
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530 |
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825 |
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Host Marriott, L.P., Senior Notes, |
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6.75%, 06/01/16 |
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Ba1 |
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600 |
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750 |
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Host Marriott, L.P., Senior Notes, |
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7.125%, 11/01/13 |
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Ba1 |
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607 |
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1,125 |
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Icahn Enterprises L.P., Senior Notes, |
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7.125%, 02/15/13 |
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Ba3 |
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894 |
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700 |
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K. Hovnanian Enterprises, Senior Notes, |
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11.50%, 05/01/13 |
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B1 |
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487 |
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950 |
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Texas Industries, Inc., Senior Notes, |
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7.25%, 07/15/13 |
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B2 |
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712 |
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200 |
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Texas Industries, Inc., Senior Notes, |
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7.25%, 07/15/13 (g) |
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B2 |
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150 |
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607 |
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United Rentals (North America), Inc., Convertible Senior |
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Subordinated Notes, 1.875%, 10/15/23 |
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Caa1 |
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458 |
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375 |
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U.S. Concrete, Inc., Senior Subordinated Notes, |
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8.375%, 04/01/14 |
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B3 |
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146 |
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800 |
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Ventas Realty, Limited Partnership, Senior Notes, |
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6.50%, 06/01/16 |
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Ba1 |
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694 |
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6,162 |
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Cargo Transport - .82% |
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850 |
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American Railcar Industries, Inc., Senior |
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Notes, 7.50%, 03/01/14 |
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B1 |
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595 |
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200 |
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Kansas City Southern Railway Company, Senior Notes, |
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13%, 12/15/13 |
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B2 |
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205 |
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400 |
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TFM, S.A. de C.V., Senior Notes, |
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9.375%, 05/01/12 |
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B2 |
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362 |
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1,162 |
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Chemicals, Plastics and Rubber - 2.53% |
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50 |
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Huntsman LLC, Senior Notes, |
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11.625%, 10/15/10 |
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Ba1 |
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50 |
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1,225 |
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INVISTA S.A.R.L., Senior Notes |
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9.25%, 05/01/12 (g) |
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Ba3 |
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1,102 |
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1,300 |
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Koppers Holdings Inc., Senior Notes, |
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9.875%, 11/15/14 (b). 9.875% |
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B2 |
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1,059 |
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500 |
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Koppers Inc., Senior Secured Notes, |
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9.875%, 10/15/13 |
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Ba3 |
|
460 |
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650 |
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Nalco Company, Senior Notes, |
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7.75%, 11/15/11 |
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B1 |
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640 |
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600 |
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PolyOne Corporation, Senior Notes, |
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8.875%, 05/01/12 |
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B1 |
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261 |
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|
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3,572 |
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Containers, Packaging and Glass - 6.53% |
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567 |
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Boise Cascade, LLC, Senior Subordinated Notes, |
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Notes, 7.125%, 10/15/14 |
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B2 |
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232 |
|
750 |
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BWAY Corporation, Senior Subordinated Notes, |
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|
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10%, 10/15/10 |
|
B3 |
|
754 |
|
550 |
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Clondalkin Acquisition BV, Senior Notes, |
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|
|
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3.32%, 12/15/13 (g) |
|
Ba3 |
|
321 |
|
500 |
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Crown Americas, L.L.C., Senior Notes, |
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|
|
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7.75%, 11/15/15 |
|
B1 |
|
500 |
|
275 |
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Domtar Inc., Senior Notes, |
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|
|
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5.375%, 12/01/13 |
|
Ba3 |
|
187 |
|
950 |
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Domtar Inc., Senior Notes, |
|
|
|
|
|
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7.125%, 08/15/15 |
|
Ba3 |
|
612 |
|
100 |
|
Domtar Inc., Senior Notes, |
|
|
|
|
|
|
|
9.50%, 08/01/16 |
|
Ba3 |
|
65 |
|
450 |
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Georgia-Pacific Corporation, Senior Notes, |
|
|
|
|
|
|
|
7%, 01/15/15 (g) |
|
Ba3 |
|
421 |
|
150 |
|
Georgia-Pacific Corporation, Senior Notes, |
|
|
|
|
|
|
|
7.70%, 06/15/15 |
|
B2 |
|
135 |
|
1,200 |
|
Georgia-Pacific Corporation, Senior Notes, |
|
|
|
|
|
|
|
8.125%, 05/15/11 |
|
B2 |
|
1,194 |
|
1,075 |
|
Graham Packaging Company, L.P., Senior Subordinated |
|
|
|
|
|
|
|
Notes, 9.875%, 10/15/14 |
|
Caa1 |
|
693 |
|
750 |
|
Graphic Packaging International, Inc., Senior Notes, |
|
|
|
|
|
|
|
8.50%, 08/15/11 |
|
B3 |
|
647 |
|
75 |
|
Graphic Packaging International, Inc., Senior Notes, |
|
|
|
|
|
|
|
9.50%, 8/15/13 |
|
B3 |
|
54 |
|
550 |
|
International Paper Company, Senior Notes, |
|
|
|
|
|
|
|
7.40%, 06/15/14 |
|
Baa3 |
|
451 |
|
675 |
|
NewPage Corporation, Senior Secured Notes, |
|
|
|
|
|
|
|
10%, 05/01/12 |
|
B2 |
|
236 |
|
975 |
|
Owens-Brockway Glass Container, Inc., Senior Notes, |
|
|
|
|
|
|
|
6.75%, 12/01/14 |
|
Ba3 |
|
941 |
|
850 |
|
Plastipak Holdings, Inc., Senior Notes, |
|
|
|
|
|
|
|
8.50% 12/15/15 (g) |
|
B3 |
|
604 |
|
475 |
|
Rock-Tenn Company, Senior Notes, |
|
|
|
|
|
|
|
8.20%, 08/15/11 |
|
Ba3 |
|
476 |
|
450 |
|
Rock-Tenn Company, Senior Notes, |
|
|
|
|
|
|
|
9.25%, 03/15/16 |
|
Ba3 |
|
450 |
|
425 |
|
Smurfit Kappa Funding plc, Subordinated Notes, |
|
|
|
|
|
|
|
7.75%, 04/01/15 |
|
B2 |
|
248 |
|
|
|
|
|
|
|
9,221 |
|
Diversified/Conglomerate Manufacturing - 1.54% |
|
|
|
|
|
||
725 |
|
Bombardier Inc., Senior Notes, |
|
|
|
|
|
|
|
6.30%, 05/01/14 (g) |
|
Ba2 |
|
506 |
|
100 |
|
Bombardier Inc., Senior Notes, |
|
|
|
|
|
|
|
8%, 11/15/14 (g) |
|
Ba2 |
|
74 |
|
675 |
|
H & E Equipment Services, Inc., Senior Notes, |
|
|
|
|
|
|
|
8.375%, 07/15/16 |
|
B3 |
|
425 |
|
500 |
|
Hawk Corporation, Senior Notes, |
|
|
|
|
|
|
|
8.75%, 11/01/14 |
|
B3 |
|
501 |
|
725 |
|
RBS Global, Inc., Senior Notes, |
|
|
|
|
|
|
|
9.50%, 08/01/14 |
|
B3 |
|
584 |
|
100 |
|
Trinity Industries, Inc., Senior Notes, |
|
|
|
|
|
|
|
6.50%, 03/15/14 |
|
Baa3 |
|
81 |
|
|
|
|
|
|
|
2,171 |
|
Diversified/Conglomerate Service - 2.87% |
|
|
|
|
|
||
825 |
|
CCMG Acquisition Corporation, Senior Notes, |
|
|
|
|
|
|
|
8.875%, 01/01/14 |
|
B1 |
|
495 |
|
1,350 |
|
CCMG Acquisition Corporation, Senior Subordinated |
|
|
|
|
|
|
|
Notes, 10.50%, 01/01/16 |
|
B2 |
|
587 |
|
500 |
|
Dex Media West LLC, Senior Subordinated Notes, |
|
|
|
|
|
|
|
9.875%, 08/15/13 |
|
Caa1 |
|
115 |
|
1,850 |
|
First Data Corporation, Senior Notes, |
|
|
|
|
|
|
|
9.875%, 09/24/15 |
|
B3 |
|
1,080 |
|
1,239 |
|
First Data Corporation, Senior Notes, |
|
|
|
|
|
|
|
10.55%, 09/24/15 (g)(i) |
|
(e) |
|
462 |
|
1,100 |
|
Mobile Services Group, Inc. Senior Notes, |
|
|
|
|
|
|
|
9.75%, 08/01/14 |
|
B2 |
|
817 |
|
925 |
|
Sunstate Equipment Co, LLC, Senior Secured Notes, |
|
|
|
|
|
|
|
10.50%, 04/01/13 (g) |
|
Caa3 |
|
490 |
|
|
|
|
|
|
|
4,046 |
|
Ecological - 3.66% |
|
|
|
|
|
||
414 |
|
Allied Waste Industries, Inc., Senior |
|
|
|
|
|
|
|
Subordinated Notes, 4.25%, 04/15/34 |
|
Ba3 |
|
377 |
|
150 |
|
Allied Waste North America, Inc., Senior Secured |
|
|
|
|
|
|
|
Notes, 6.875%, 06/01/17 |
|
Baa3 |
|
137 |
|
1,750 |
|
Allied Waste North America, Inc., Senior Secured |
|
|
|
|
|
|
|
Notes, 7.25%, 03/15/15 |
|
Baa3 |
|
1,654 |
|
1,050 |
|
Allied Waste North America, Inc., Senior Secured |
|
|
|
|
|
|
|
Notes, 7.875%, 04/15/13 |
|
Baa3 |
|
1,047 |
|
1,625 |
|
Casella Waste Systems, Inc., Senior Subordinated |
|
|
|
|
|
|
|
Notes, 9.75%, 02/01/13 |
|
Caa1 |
|
1,365 |
|
800 |
|
WCA Waste Corporation, Senior Notes, |
|
|
|
|
|
|
|
9.25%, 06/15/14 |
|
B3 |
|
586 |
|
|
|
|
|
|
|
5,166 |
|
Electronics - 5.80% |
|
|
|
|
|
||
750 |
|
Advanced Micro Devices, Inc., Senior Convertible Notes, |
|
|
|
|
|
|
|
5.75%, 08/15/12 |
|
(e) |
|
332 |
|
475 |
|
Anixter Inc., Senior Notes, |
|
|
|
|
|
|
|
10%, 03/15/14 |
|
Ba2 |
|
441 |
|
800 |
|
Avago Technologies Finance Pte. Ltd., Senior Notes, |
|
|
|
|
|
|
|
10.125%, 12/01/13 |
|
B1 |
|
696 |
|
300 |
|
Avago Technologies Finance Pte. Ltd., Senior |
|
|
|
|
|
|
|
Subordinated Notes, 11.875%, 12/01/15 |
|
B3 |
|
231 |
|
334 |
|
Celestica Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
7.875%, 07/01/11 |
|
B3 |
|
324 |
|
675 |
|
Dycom Investments, Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
8.125%, 10/15/15 |
|
Ba3 |
|
533 |
|
375 |
|
General Cable Corporation, Senior Notes, |
|
|
|
|
|
|
|
3.834%, 04/01/15 |
|
B1 |
|
263 |
|
825 |
|
iPayment Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
9.75%, 05/15/14 |
|
Caa1 |
|
429 |
|
887 |
|
iPayment Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
12.75%, 07/15/14 (g)(i) |
|
(e) |
|
621 |
|
450 |
|
Lucent Technologies, Inc., Senior Notes |
|
|
|
|
|
|
|
6.45%, 03/15/29 |
|
B1 |
|
170 |
|
1,275 |
|
Lucent Technologies, Inc., Senior Notes |
|
|
|
|
|
|
|
6.50%, 01/15/28 |
|
B1 |
|
481 |
|
175 |
|
Motorola, Inc., Senior Notes, |
|
|
|
|
|
|
|
8%, 11/01/11 |
|
Baa3 |
|
163 |
|
500 |
|
Seagate Technology HDD Holdings, Inc., Senior Notes, |
|
|
|
|
|
|
|
6.375%, 10/01/11 |
|
Ba2 |
|
365 |
|
300 |
|
SS&C Technologies, Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
11.75%, 12/01/13 |
|
Caa1 |
|
254 |
|
350 |
|
STATS ChipPAC Ltd., Senior Notes, |
|
|
|
|
|
|
|
6.75%, 11/15/11 |
|
Ba1 |
|
297 |
|
325 |
|
STATS ChipPAC Ltd., Senior Notes, |
|
|
|
|
|
|
|
7.50%, 07/19/10 |
|
Ba1 |
|
299 |
|
1,950 |
|
Sungard Data Systems Inc., Senior Notes, |
|
|
|
|
|
|
|
9.125%, 08/15/13 |
|
Caa1 |
|
1,706 |
|
325 |
|
Sunguard Data Systems Inc., Senior Notes, |
|
|
|
|
|
|
|
5.128%, 05/15/15 (g) |
|
Caa1 |
|
286 |
|
450 |
|
Unisys Corporation, Senior Notes, |
|
|
|
|
|
|
|
12.50%, 01/15/16 |
|
Caa1 |
|
116 |
|
249 |
|
Wesco International, Inc., Senior Convertible Notes |
|
|
|
|
|
|
|
1.75%, 11/15/26 |
|
(e) |
|
177 |
|
|
|
|
|
|
|
8,184 |
|
Finance - 7.66% |
|
|
|
|
|
||
375 |
|
B.A.T. International Finance plc, Senior Notes, |
|
|
|
|
|
|
|
9.50%, 11/15/18 (g) |
|
Baa1 |
|
430 |
|
350 |
|
E*Trade Financial Corporation, Senior Notes, |
|
|
|
|
|
|
|
8%, 06/15/11 |
|
B2 |
|
151 |
|
2,343 |
|
E*Trade Financial Corporation, Senior Notes, |
|
|
|
|
|
|
|
12.50%, 11/30/17 (i) |
|
(e) |
|
1,043 |
|
1,875 |
|
Ford Motor Credit Company LLC, Senior Notes, |
|
|
|
|
|
|
|
7.875%, 06/15/10 |
|
Caa1 |
|
1,556 |
|
900 |
|
Ford Motor Credit Company LLC, Senior Notes, |
|
|
|
|
|
|
|
9.75%, 09/15/10 |
|
Caa1 |
|
729 |
|
650 |
|
Fresenius US Financial II Inc., Senior Notes, |
|
|
|
|
|
|
|
9%, 07/15/15 (g) |
|
Ba1 |
|
666 |
|
650 |
|
Lazard Group, LLC, Senior Notes, |
|
|
|
|
|
|
|
7.125%, 05/15/15 |
|
Ba1 |
|
541 |
|
975 |
|
Mobile Mini, Inc. Senior Notes, |
|
|
|
|
|
|
|
6.875%, 05/01/15 |
|
B2 |
|
668 |
|
500 |
|
Morgan Stanley, Senior Notes, |
|
|
|
|
|
|
|
6%, 04/28/15 |
|
A2 |
|
472 |
|
225 |
|
NiSource Finance Corporation, Senior Notes, |
|
|
|
|
|
|
|
7.875%, 11/15/10 |
|
Baa3 |
|
222 |
|
1,675 |
|
NiSource Finance Corporation, Senior Notes, |
|
|
|
|
|
|
|
10.75%, 03/15/16 |
|
Baa3 |
|
1,734 |
|
425 |
|
Nuveen Investments, Inc., Senior Notes, |
|
|
|
|
|
|
|
5%, 09/15/10 |
|
Caa1 |
|
249 |
|
1,725 |
|
Nuveen Investments, Inc., Senior Notes, |
|
|
|
|
|
|
|
5.50%, 09/15/15 |
|
Caa1 |
|
362 |
|
900 |
|
Nuveen Investments, Inc., Senior Notes, |
|
|
|
|
|
|
|
10.50%, 11/15/15 (g) |
|
Caa1 |
|
261 |
|
1,025 |
|
Sears Roebuck Acceptance |
|
|
|
|
|
|
|
6.75%, 08/15/11 |
|
Ba3 |
|
739 |
|
1,550 |
|
SLM Corporation, Senior Medium Term Notes, |
|
|
|
|
|
|
|
5.45%, 04/25/11 |
|
Baa2 |
|
1,001 |
|
|
|
|
|
|
|
10,824 |
|
Healthcare, Education and Childcare - 12.61% |
|
|
|
|
|
||
2,025 |
|
Biomet, Inc., Senior Notes, |
|
|
|
|
|
|
|
10%, 10/15/17 |
|
B3 |
|
2,020 |
|
475 |
|
Biomet, Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
11.625%, 10/15/17 |
|
Caa1 |
|
420 |
|
250 |
|
Boston Scientific Corporation, Senior Notes, |
|
|
|
|
|
|
|
6%, 06/15/11 |
|
Ba1 |
|
242 |
|
375 |
|
Cengage Learning Acquisitions, Inc., Senior Notes, |
|
|
|
|
|
|
|
10.50%, 01/15/15 (g) |
|
Caa2 |
|
191 |
|
700 |
|
Cengage Learning Acquisitions, Inc., Senior |
|
|
|
|
|
|
|
Subordinated Notes, 13.25%, 07/15/15 (b)(g) |
|
Caa2 |
|
262 |
|
1,725 |
|
CHS/Community Health Systems, Inc., Senior Notes, |
|
|
|
|
|
|
|
8.875%, 07/15/15 |
|
B3 |
|
1,630 |
|
375 |
|
CRC Health Corporation, Senior Subordinated Notes, |
|
|
|
|
|
|
|
10.75%, 02/01/16 |
|
Caa1 |
|
239 |
|
300 |
|
DaVita, Inc., Senior Notes, |
|
|
|
|
|
|
|
6.625%, 03/15/13 |
|
B1 |
|
290 |
|
1,250 |
|
DaVita, Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
7.25%, 03/15/15 |
|
B2 |
|
1,200 |
|
525 |
|
Education Management LLC, Senior Notes, |
|
|
|
|
|
|
|
8.75%, 06/01/14 |
|
B2 |
|
496 |
|
550 |
|
Education Management LLC, Senior Subordinated Notes, |
|
|
|
|
|
|
|
10.25%, 06/01/16 |
|
Caa1 |
|
516 |
|
3,000 |
|
HCA, Inc., Senior Secured Notes, |
|
|
|
|
|
|
|
9.25%, 11/15/16 |
|
B2 |
|
2,737 |
|
300 |
|
HCA, Inc., Senior Secured Notes, |
|
|
|
|
|
|
|
9.625%, 11/15/16 |
|
B2 |
|
241 |
|
250 |
|
HCA, Inc., Senior Secured Notes, |
|
|
|
|
|
|
|
9.875%, 02/15/17 (g) |
|
B2 |
|
236 |
|
2,475 |
|
Health Management Associates, Inc., Senior Notes, |
|
|
|
|
|
|
|
6.125%, 04/15/16 |
|
(e) |
|
2,029 |
|
355 |
|
Healthsouth Corporation, Senior Notes, |
|
|
|
|
|
|
|
10.75%, 06/15/16 |
|
Caa1 |
|
348 |
|
200 |
|
Omnicare, Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
6.75%, 12/15/13 |
|
B1 |
|
182 |
|
650 |
|
Omnicare, Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
6.875%, 12/15/15 |
|
B1 |
|
587 |
|
543 |
|
Symbion, Inc., Senior Notes, |
|
|
|
|
|
|
|
11%, 08/23/15 (i) |
|
Caa1 |
|
212 |
|
300 |
|
Tenet Healthcare Corporation, Senior Notes, |
|
|
|
|
|
|
|
6.50%, 06/01/12 |
|
Caa1 |
|
257 |
|
325 |
|
Tenet Healthcare Corporation, Senior Notes, |
|
|
|
|
|
|
|
9.25%, 02/01/15 |
|
Caa1 |
|
254 |
|
875 |
|
United Surgical Partners International, Inc., Senior |
|
|
|
|
|
|
|
Subordinated Notes, 8.875%, 05/01/17 |
|
Caa1 |
|
683 |
|
450 |
|
Universal Hospital Services, Inc., Senior Secured |
|
|
|
|
|
|
|
Notes, 5.943%, 06/01/15 |
|
B3 |
|
325 |
|
200 |
|
Universal Hospital Services, Inc., Senior Secured |
|
|
|
|
|
|
|
Notes, 8.50%, 06/01/15 |
|
B3 |
|
178 |
|
757 |
|
US Oncology Holdings, Inc., Senior Notes, |
|
|
|
|
|
|
|
6.904%, 03/15/12 (i) |
|
Caa1 |
|
454 |
|
250 |
|
US Oncology, Inc., Senior Notes, |
|
|
|
|
|
|
|
9%, 08/15/12 |
|
B2 |
|
243 |
|
375 |
|
US Oncology, Inc., Senior Subordinated |
|
|
|
|
|
|
|
Notes, 10.75%, 08/15/14 |
|
B3 |
|
345 |
|
500 |
|
Vanguard Health Holding Company I, LLC, |
|
|
|
|
|
|
|
Senior Notes, 11.25%, 10/01/15 (b) |
|
Caa1 |
|
420 |
|
650 |
|
Vanguard Health Holding Company II, LLC, Senior |
|
|
|
|
|
|
|
Subordinated Notes, 9%, 10/01/14 |
|
Caa1 |
|
574 |
|
|
|
|
|
|
|
17,811 |
|
Hotels, Motels, Inns and Gaming - 4.35% |
|
|
|
|
|
||
662 |
|
Harrahs Operating Company, Senior Notes, |
|
|
|
|
|
|
|
10%, 12/15/15 (g) |
|
(e) |
|
205 |
|
600 |
|
Isle of Capri Casinos, Inc., Senior Notes |
|
|
|
|
|
|
|
7%, 03/01/14 |
|
Caa1 |
|
354 |
|
175 |
|
Little Traverse Bay Bands of Odawa Indians, Senior |
|
|
|
|
|
|
|
Notes, 10.25%, 02/15/14 (g) |
|
Caa1 |
|
70 |
|
600 |
|
MGM Mirage, Senior Notes, |
|
|
|
|
|
|
|
13%, 11/15/13 (g) |
|
B1 |
|
444 |
|
750 |
|
Penn National Gaming, Inc., Senior Notes, |
|
|
|
|
|
|
|
6.75%, 03/01/15 |
|
B1 |
|
641 |
|
975 |
|
Pinnacle Entertainment, Inc., Senior Subordinated |
|
|
|
|
|
|
|
Notes, 7.50%, 06/15/15 |
|
B3 |
|
604 |
|
450 |
|
Pinnacle Entertainment, Inc., Senior Subordinated |
|
|
|
|
|
|
|
Notes, 8.25%, 03/15/12 |
|
B3 |
|
392 |
|
1,300 |
|
Pokagon Gaming Authority, Senior Notes, |
|
|
|
|
|
|
|
10.375%, 06/15/14 (g) |
|
B2 |
|
1,079 |
|
1,450 |
|
Shingle Springs Tribal Gaming Authority, Senior |
|
|
|
|
|
|
|
Secured Notes, 9.375%, 06/15/15 (g) |
|
B3 |
|
595 |
|
2,350 |
|
Wynn Las Vegas LLC, Senior Notes, |
|
|
|
|
|
|
|
6.625%, 12/01/14 |
|
Ba2 |
|
1,762 |
|
|
|
|
|
|
|
6,146 |
|
Insurance - 1.52% |
|
|
|
|
|
||
575 |
|
Centene Corporation, Senior Notes, |
|
|
|
|
|
|
|
7.25%, 04/01/14 |
|
Ba3 |
|
502 |
|
975 |
|
Hub International Limited, Senior Notes, |
|
|
|
|
|
|
|
9%, 12/15/14 (g) |
|
B3 |
|
614 |
|
1,775 |
|
Hub International Limited, Senior Subordinated Notes, |
|
|
|
|
|
|
|
10.25%, 06/15/15 (g) |
|
Caa1 |
|
834 |
|
425 |
|
USI Holdings Corporation, Senior Subordinated Notes, |
|
|
|
|
|
|
|
9.75%, 05/15/15 (g) |
|
Caa1 |
|
191 |
|
|
|
|
|
|
|
2,141 |
|
Machinery - 1.03% |
|
|
|
|
|
||
1,125 |
|
Columbus McKinnon Corporation, Senior |
|
|
|
|
|
|
|
Subordinated Notes, 8.875%, 11/01/13 |
|
B1 |
|
1,041 |
|
725 |
|
Commercial Vehicle Group, Inc., Senior Notes, |
|
|
|
|
|
|
|
8%, 07/01/13 |
|
Caa2 |
|
163 |
|
350 |
|
Manitowoc Company, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.125%, 11/01/13 |
|
B2 |
|
245 |
|
|
|
|
|
|
|
1,449 |
|
Mining, Steel, Iron and Non-Precious Metals - 10.51% |
|
|
|
|
|
||
750 |
|
ArcelorMittal USA, Senior Notes, |
|
|
|
|
|
|
|
5.375%, 06/01/13 |
|
Baa2 |
|
587 |
|
250 |
|
ArcelorMittal USA, Senior Notes, |
|
|
|
|
|
|
|
6.50%, 04/15/14 |
|
Baa2 |
|
198 |
|
675 |
|
Arch Western Finance LLC, Senior Notes, |
|
|
|
|
|
|
|
6.75%, 07/01/13 |
|
B1 |
|
624 |
|
350 |
|
ESCO Corporation, Senior Notes, |
|
|
|
|
|
|
|
5.195%, 12/15/13 (g) |
|
B2 |
|
217 |
|
1,225 |
|
ESCO Corporation, Senior Notes, |
|
|
|
|
|
|
|
8.625%, 12/15/13 (g) |
|
B2 |
|
913 |
|
1,125 |
|
Foundation PA Coal Company, Senior Notes, |
|
|
|
|
|
|
|
7.25%, 08/01/14 |
|
Ba3 |
|
1,024 |
|
4,975 |
|
Freeport-McMoRan Copper & Gold Inc., Senior Notes, |
|
|
|
|
|
|
|
8.375%, 04/01/17 |
|
Ba2 |
|
4,614 |
|
750 |
|
Gerdau Ameristeel Corporation, Senior Notes, |
|
|
|
|
|
|
|
10.375%, 07/15/11 |
|
Ba1 |
|
751 |
|
1,750 |
|
Gibraltar Industries, Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
8%, 12/01/15 |
|
B3 |
|
945 |
|
850 |
|
International Coal Group, Inc., Senior Notes, |
|
|
|
|
|
|
|
10.25%, 07/15/14 |
|
Caa3 |
|
548 |
|
103 |
|
Metals USA, Inc., Senior Notes, |
|
|
|
|
|
|
|
10.883%, 07/01/12 (i) |
|
Caa1 |
|
23 |
|
550 |
|
Metals USA, Inc., Senior Secured Notes, |
|
|
|
|
|
|
|
11.125%, 12/01/15 |
|
B3 |
|
314 |
|
850 |
|
Novelis, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.25%, 02/15/15 |
|
B3 |
|
336 |
|
350 |
|
Peabody Energy Corporation, Junior |
|
|
|
|
|
|
|
Subordinated Debentures, 4.75%, 12/15/66 |
|
Ba3 |
|
247 |
|
950 |
|
Peabody Energy Corporation, Senior Notes, |
|
|
|
|
|
|
|
7.375%, 11/01/16 |
|
Ba1 |
|
938 |
|
825 |
|
Reliance Steel and Aluminum Company, Senior Notes, |
|
|
|
|
|
|
|
6.20%, 11/15/16 |
|
Baa3 |
|
604 |
|
925 |
|
Ryerson, Inc., Senior Notes, |
|
|
|
|
|
|
|
12%, 11/01/15 (g) |
|
Caa1 |
|
527 |
|
575 |
|
Steel Dynamics, Inc., Senior Notes, |
|
|
|
|
|
|
|
6.75%, 04/01/15 |
|
Ba2 |
|
388 |
|
1,150 |
|
Steel Dynamics, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.375%, 11/01/12 |
|
Ba2 |
|
903 |
|
900 |
|
Tube City IMS Corporation., Senior Subordinated Notes, |
|
|
|
|
|
|
|
9.75%, 02/01/15 |
|
B3 |
|
135 |
|
|
|
|
|
|
|
14,836 |
|
Oil and Gas - 17.94% |
|
|
|
|
|
||
75 |
|
AmeriGas Partners, L.P., Senior Notes, |
|
|
|
|
|
|
|
7.125%, 05/20/16 |
|
Ba3 |
|
71 |
|
1,650 |
|
AmeriGas Partners, L.P., Senior Notes, |
|
|
|
|
|
|
|
7.25%, 05/20/15 |
|
Ba3 |
|
1,551 |
|
875 |
|
Bristow Group, Inc. Senior Notes, |
|
|
|
|
|
|
|
6.125%, 06/15/13 |
|
Ba2 |
|
709 |
|
1,050 |
|
Bristow Group, Inc. Senior Notes, |
|
|
|
|
|
|
|
7.50%, 09/15/17 |
|
Ba2 |
|
787 |
|
100 |
|
Chesapeake Energy Corp., Senior Notes, |
|
|
|
|
|
|
|
6.875%, 01/15/16 |
|
Ba3 |
|
84 |
|
50 |
|
Chesapeake Energy Corp., Senior Notes, |
|
|
|
|
|
|
|
6.375%, 06/15/15 |
|
Ba3 |
|
42 |
|
1,775 |
|
Chesapeake Energy Corp., Senior Notes, |
|
|
|
|
|
|
|
9.50%, 02/15/15 |
|
Ba3 |
|
1731 |
|
200 |
|
Compagnie Generale De Geophysique-Veritas, Senior |
|
|
|
|
|
|
|
Notes, 7.50%, 05/15/15 |
|
Ba3 |
|
158 |
|
1,575 |
|
Compagnie Generale De Geophysique-Veritas, Senior |
|
|
|
|
|
|
|
Notes, 7.75%, 05/15/17 |
|
Ba3 |
|
1,199 |
|
1,700 |
|
Complete Production Services, Inc., Senior |
|
|
|
|
|
|
|
Notes, 8%, 12/15/16 |
|
B1 |
|
1,075 |
|
1,075 |
|
Compton Petroleum Finance Corporation, Senior |
|
|
|
|
|
|
|
Notes, 7.625%, 12/01/13 |
|
B3 |
|
344 |
|
1,550 |
|
Connacher Oil and Gas Limited, Senior Notes, |
|
|
|
|
|
|
|
10.25%, 12/15/15 (g) |
|
B3 |
|
496 |
|
1,175 |
|
Copano Energy, LLC, Senior Notes, |
|
|
|
|
|
|
|
8.125%, 03/01/16 |
|
B1 |
|
993 |
|
575 |
|
Denbury Resources Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
9.75%, 03/01/16 |
|
B1 |
|
555 |
|
350 |
|
El Paso Corporation, Senior Notes, |
|
|
|
|
|
|
|
8.25%, 02/15/16 |
|
Ba3 |
|
329 |
|
1,425 |
|
El Paso Corporation, Senior Notes, |
|
|
|
|
|
|
|
12%, 12/12/13 |
|
Ba3 |
|
1,510 |
|
575 |
|
Encore Acquisition Company, Senior Subordinated |
|
|
|
|
|
|
|
Notes, 6.25%, 04/15/14 |
|
B1 |
|
446 |
|
1,075 |
|
Encore Acquisition Company, Senior Subordinated |
|
|
|
|
|
|
|
Notes, 7.25%, 12/01/17 |
|
B1 |
|
794 |
|
525 |
|
Ferrellgas, L.P., Senior Notes, |
|
|
|
|
|
|
|
6.75%, 05/01/14 |
|
Ba3 |
|
444 |
|
1,575 |
|
Ferrellgas Partners L.P., Senior Notes, |
|
|
|
|
|
|
|
8.75%, 06/15/12 |
|
B2 |
|
1,329 |
|
1,475 |
|
Forest Oil Corp., Senior Notes, |
|
|
|
|
|
|
|
7.25%, 06/15/19 |
|
B1 |
|
1,184 |
|
175 |
|
Forest Oil Corp., Senior Notes, |
|
|
|
|
|
|
|
8.50%, 02/15/14 (g) |
|
B1 |
|
165 |
|
1,575 |
|
Hilcorp Energy I, L.P., Senior Notes, |
|
|
|
|
|
|
|
7.75%, 11/01/15 (g) |
|
B3 |
|
1,158 |
|
475 |
|
Inergy, L.p., Senior Notes, |
|
|
|
|
|
|
|
8.75%, 03/01/15 (g) |
|
B1 |
|
470 |
|
250 |
|
Kinder Morgan Finance Company, ULC, Senior |
|
|
|
|
|
|
|
Secured Notes, 5.35%, 01/05/11 |
|
Ba1 |
|
239 |
|
375 |
|
Knight Inc., Senior Secured Notes, |
|
|
|
|
|
|
|
6.50%, 09/01/12 |
|
Ba1 |
|
349 |
|
1,175 |
|
OPTI Canada Inc., Senior Secured Notes, |
|
|
|
|
|
|
|
7.875%, 12/15/14 |
|
B3 |
|
511 |
|
2,350 |
|
OPTI Canada Inc., Senior Secured Notes, |
|
|
|
|
|
|
|
8.25%, 12/15/14 |
|
B3 |
|
1,031 |
|
200 |
|
PetroHawk Energy Corporation, Senior Notes, |
|
|
|
|
|
|
|
7.875%, 06/01/15 (g) |
|
B3 |
|
176 |
|
1,275 |
|
PetroHawk Energy Corporation, Senior Notes, |
|
|
|
|
|
|
|
9.125%, 07/15/13 |
|
B3 |
|
1,218 |
|
400 |
|
PetroHawk Energy Corporation, Senior Notes, |
|
|
|
|
|
|
|
10.50%, 08/01/14 (g) |
|
B3 |
|
398 |
|
350 |
|
Plains Exploration & Production Co., Senior |
|
|
|
|
|
|
|
Notes, 7%, 03/15/17 |
|
B1 |
|
280 |
|
750 |
|
Quicksilver Resources, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.75%, 08/01/15 |
|
B2 |
|
486 |
|
525 |
|
Range Resources Corporation, Senior Subordinated |
|
|
|
|
|
|
|
Notes, 6.375%, 03/15/15 |
|
Ba3 |
|
467 |
|
150 |
|
Range Resources Corporation, Senior Subordinated |
|
|
|
|
|
|
|
Notes, 7.375%, 07/15/13 |
|
Ba3 |
|
143 |
|
650 |
|
Range Resources Corporation, Senior Subordinated |
|
|
|
|
|
|
|
Notes, 7.50%, 05/15/16 |
|
Ba3 |
|
598 |
|
750 |
|
SandRidge Energy, Inc., Senior Notes, |
|
|
|
|
|
|
|
5.084%, 04/01/14 |
|
B3 |
|
469 |
|
75 |
|
SandRidge Energy, Inc., Senior Notes, |
|
|
|
|
|
|
|
8%, 06/01/18 (g) |
|
B3 |
|
54 |
|
1,525 |
|
SandRidge Energy, Inc., Senior Notes, |
|
|
|
|
|
|
|
8.063%, 04/01/15 |
|
B3 |
|
991 |
|
300 |
|
Tennessee Gas Pipeline Company, Senior Notes, |
|
|
|
|
|
|
|
8%, 02/01/16 (g) |
|
Baa3 |
|
298 |
|
|
|
|
|
|
|
25,332 |
|
Personal, Food and Miscellaneous Services - 3.63% |
|
|
|
|
|
||
400 |
|
ARAMARK Corporation, Senior Notes, |
|
|
|
|
|
|
|
5%, 06/01/12 |
|
B3 |
|
352 |
|
1,450 |
|
ARAMARK Corporation, Senior Notes, |
|
|
|
|
|
|
|
4.67%, 02/01/15 |
|
B3 |
|
1,116 |
|
800 |
|
FTI Consulting, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.625%, 06/15/13 |
|
Ba2 |
|
812 |
|
750 |
|
FTI Consulting, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.75%, 10/01/16 |
|
Ba2 |
|
756 |
|
1,100 |
|
Mac-Gray Corporation, Senior Notes, |
|
|
|
|
|
|
|
7.625%, 08/15/15 |
|
B3 |
|
1,017 |
|
850 |
|
OCharleys, Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
9%, 11/01/13 |
|
Caa1 |
|
451 |
|
900 |
|
West Corporation, Senior Subordinated Notes, |
|
|
|
|
|
|
|
9.50%, 10/15/14 |
|
Caa1 |
|
623 |
|
|
|
|
|
|
|
5,127 |
|
Personal Non-Durable Consumer Products - .96% |
|
|
|
|
|
||
850 |
|
Bausch & Lomb, Incorporated, Senior Notes, |
|
|
|
|
|
|
|
9.875%, 11/01/15 (g) |
|
Caa1 |
|
680 |
|
50 |
|
Visant Holding Corp. Senior Notes, |
|
|
|
|
|
|
|
10.25%, 12/01/13 |
|
B3 |
|
46 |
|
675 |
|
Visant Corporation, Senior Subordinated |
|
|
|
|
|
|
|
Notes, 7.625%, 10/01/12 |
|
B1 |
|
628 |
|
|
|
|
|
|
|
1,354 |
|
Personal Transportation - 1.48% |
|
|
|
|
|
||
593 |
|
AirTran Holdings, Inc., Senior Convertible Notes, |
|
|
|
|
|
|
|
7%, 07/01/23 |
|
Ca |
|
449 |
|
800 |
|
American Airlines, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.858%, 10/01/11 |
|
Ba1 |
|
644 |
|
725 |
|
Delta Airlines, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.57%, 11/18/10 |
|
(e) |
|
638 |
|
400 |
|
JetBlue Airways Corporation, Senior Convertible |
|
|
|
|
|
|
|
Debentures, 3.75%, 3/15/35 |
|
Ca |
|
352 |
|
|
|
|
|
|
|
2,083 |
|
Printing and Publishing - 2.68% |
|
|
|
|
|
||
151 |
|
Affinity Group Holding, Inc., Senior Notes, |
|
|
|
|
|
|
|
10.875%, 02/15/12 |
|
Caa3 |
|
67 |
|
850 |
|
Affinity Group Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
9%, 02/15/12 |
|
Caa1 |
|
468 |
|
1,100 |
|
Deluxe Corporation, Senior Notes, |
|
|
|
|
|
|
|
7.375%, 06/01/15 |
|
Ba2 |
|
814 |
|
925 |
|
Local Insight Regatta Holdings, Inc., Senior Subordinated |
|
|
|
|
|
|
|
Notes, 11%, 12/01/17 |
|
Caa3 |
|
213 |
|
425 |
|
Nielsen Finance LLC, Senior Notes, |
|
|
|
|
|
|
|
10%, 08/01/14 |
|
Caa1 |
|
368 |
|
400 |
|
Nielsen Finance LLC, Senior Notes, |
|
|
|
|
|
|
|
11.625%, 02/01/14 (g) |
|
Caa1 |
|
362 |
|
1,050 |
|
Nielsen Finance LLC, Senior Subordinated Discount |
|
|
|
|
|
|
|
Notes, 12.50%, 08/01/16 (b) |
|
Caa1 |
|
446 |
|
1,100 |
|
R.H. Donnelley Finance Corporation III, Senior Notes, |
|
|
|
|
|
|
|
6.875%, 01/15/13 |
|
Caa3 |
|
61 |
|
450 |
|
Time Warner, Inc., Senior Notes, |
|
|
|
|
|
|
|
1.461%, 11/13/09 |
|
Baa2 |
|
441 |
|
1,250 |
|
Valassis Communications, Inc., Senior Notes, |
|
|
|
|
|
|
|
8.25%, 03/01/15 |
|
B3 |
|
544 |
|
|
|
|
|
|
|
3,784 |
|
Retail Stores - 6.05% |
|
|
|
|
|
||
1,675 |
|
Ace Hardware Corporation, Senior Notes, |
|
|
|
|
|
|
|
9.125%, 06/01/16 (g) |
|
Ba2 |
|
1,378 |
|
1,000 |
|
Alimentation Couche-Tard, Inc., Senior Subordinated |
|
|
|
|
|
|
|
Notes, 7.50%, 12/15/13 |
|
Ba2 |
|
985 |
|
525 |
|
Brown Shoe Company, Inc., Senior Notes, |
|
|
|
|
|
|
|
8.75%, 05/01/12 |
|
B3 |
|
423 |
|
300 |
|
Dollarama Group, L.P., Senior Subordinated Notes, |
|
|
|
|
|
|
|
8.875%, 08/15/12 |
|
B2 |
|
257 |
|
1,125 |
|
GameStop Corp., Senior Notes, |
|
|
|
|
|
|
|
8%, 10/01/12 |
|
Ba1 |
|
1,131 |
|
1,150 |
|
Leslies Poolmart, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.75%, 02/01/13 |
|
B2 |
|
966 |
|
550 |
|
May Department Stores Company, Senior Notes, |
|
|
|
|
|
|
|
10.625%, 11/01/10 |
|
Baa3 |
|
534 |
|
1,300 |
|
Nebraska Book Company, Inc., Senior Subordinated |
|
|
|
|
|
|
|
Notes, 8.625%, 03/15/12 |
|
Caa1 |
|
721 |
|
1,100 |
|
Neiman Marcus Group, Inc., Senior Notes, |
|
|
|
|
|
|
|
9%, 10/15/15 (i) |
|
Caa2 |
|
344 |
|
450 |
|
Neiman Marcus Group, Inc., Senior Subordinated |
|
|
|
|
|
|
|
Notes, 10.375%, 10/15/15 |
|
Caa3 |
|
142 |
|
1,000 |
|
Pantry, Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
7.75%, 02/15/14 |
|
Caa1 |
|
770 |
|
800 |
|
Sally Holdings, LLC, Senior Notes, |
|
|
|
|
|
|
|
9.25%, 11/15/14 |
|
B3 |
|
762 |
|
150 |
|
Sally Holdings, LLC, Senior Notes, |
|
|
|
|
|
|
|
10.50%, 11/15/16 |
|
Caa1 |
|
133 |
|
|
|
|
|
|
|
8,546 |
|
Telecommunications - 20.19% |
|
|
|
|
|
||
875 |
|
Broadview Networks Holdings, Inc., Senior Secured |
|
|
|
|
|
|
|
Notes, 11.375%, 09/01/12 |
|
B3 |
|
512 |
|
1,000 |
|
Centennial Communications Corp., Senior Notes, |
|
|
|
|
|
|
|
7.209%, 01/01/13 |
|
Caa1 |
|
996 |
|
650 |
|
Cincinnati Bell Inc., Senior Notes, |
|
|
|
|
|
|
|
7%, 02/15/15 |
|
Ba3 |
|
592 |
|
1,825 |
|
Cricket Communications, Inc., Senior Notes, |
|
|
|
|
|
|
|
9.375%, 11/01/14 |
|
B3 |
|
1,729 |
|
575 |
|
Cricket Communications, Inc., Senior Notes, |
|
|
|
|
|
|
|
10%, 07/15/15 (g) |
|
B3 |
|
551 |
|
1,275 |
|
Crown Castle International Corporation, Senior Notes, |
|
|
|
|
|
|
|
9%, 01/15/15 |
|
B1 |
|
1,278 |
|
1,850 |
|
Digicel Group Limited, Senior Notes, |
|
|
|
|
|
|
|
8.875%, 01/15/15 (g) |
|
Caa1 |
|
1,193 |
|
1,475 |
|
Digicel Limited, Senior Notes, |
|
|
|
|
|
|
|
9.25%, 09/01/12 (g) |
|
B1 |
|
1,327 |
|
325 |
|
Frontier Communications Corporation, Senior Notes, |
|
|
|
|
|
|
|
6.25%, 01/15/13 |
|
Ba2 |
|
297 |
|
725 |
|
Frontier Communications Corporation, Senior Notes, |
|
|
|
|
|
|
|
7.125%, 03/15/19 |
|
Ba2 |
|
573 |
|
1,025 |
|
GC Impsat Holdings I, Plc, Senior Notes, |
|
|
|
|
|
|
|
9.875%, 02/15/17 (g) |
|
B2 |
|
716 |
|
900 |
|
GCI, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.25%, 02/15/14 |
|
B3 |
|
787 |
|
1,050 |
|
Intelsat Corporation, Senior Notes, |
|
|
|
|
|
|
|
9.25%, 06/15/16 (g) |
|
B3 |
|
976 |
|
500 |
|
Intelsat Ltd., Senior Notes, |
|
|
|
|
|
|
|
11.25%, 06/15/16 |
|
Caa2 |
|
483 |
|
375 |
|
Intelsat Subsidiary Holding Company, Ltd., Senior |
|
|
|
|
|
|
|
Notes, 8.875%, 01/15/15 (g) |
|
B3 |
|
350 |
|
800 |
|
iPCS, Inc., Senior Secured Notes, |
|
|
|
|
|
|
|
3.295%, 05/01/13 |
|
B1 |
|
600 |
|
950 |
|
iPCS, Inc., Senior Secured Notes, |
|
|
|
|
|
|
|
4.42%, 05/01/14 |
|
Caa1 |
|
570 |
|
192 |
|
Level 3 Communications, Inc., Subordinated |
|
|
|
|
|
|
|
Notes, 6%, 09/15/09 |
|
Caa3 |
|
185 |
|
183 |
|
Level 3 Communications, Inc., Subordinated |
|
|
|
|
|
|
|
Notes, 6%, 03/15/10 |
|
Caa3 |
|
156 |
|
625 |
|
Level 3 Financing, Inc., Senior |
|
|
|
|
|
|
|
Notes, 12.25%, 03/15/13 |
|
Caa1 |
|
469 |
|
2,400 |
|
MetroPCS Wireless, Inc., Senior Notes, |
|
|
|
|
|
|
|
9.25%, 11/01/14 |
|
B3 |
|
2,340 |
|
75 |
|
MetroPCS Wireless, Inc., Senior Notes, |
|
|
|
|
|
|
|
9.25%, 11/01/14 (g) |
|
B3 |
|
73 |
|
75 |
|
Millicom International Cellular S.A., Senior Notes, |
|
|
|
|
|
|
|
10%, 12/01/13 |
|
B1 |
|
74 |
|
309 |
|
Nextel Communications, Convertible Senior Notes, |
|
|
|
|
|
|
|
5.25%, 01/15/10 |
|
Ba2 |
|
299 |
|
1,650 |
|
Nordic Telephone Company Holdings ApS., Senior |
|
|
|
|
|
|
|
Notes, 8.875%, 05/01/16 (g) |
|
B1 |
|
1,526 |
|
300 |
|
Orascom Telecom Finance S.C.A., Senior Notes, |
|
|
|
|
|
|
|
7.875%, 02/08/14 (g) |
|
B2 |
|
192 |
|
275 |
|
Paetec Holding Corporation, Senior Notes, |
|
|
|
|
|
|
|
9.50%, 07/15/15 |
|
Caa1 |
|
189 |
|
550 |
|
Qwest Corporation, Senior Notes, |
|
|
|
|
|
|
|
7.875%, 09/01/11 |
|
Ba1 |
|
542 |
|
375 |
|
Qwest Corporation, Senior Notes, |
|
|
|
|
|
|
|
8.875%, 03/15/12 |
|
Ba1 |
|
372 |
|
175 |
|
Sprint Capital Corporation, Senior Notes, |
|
|
|
|
|
|
|
6.875%, 11/15/28 |
|
Ba2 |
|
107 |
|
2,025 |
|
Sprint Capital Corporation, Senior Notes, |
|
|
|
|
|
|
|
7.625%, 01/30/11 |
|
Ba2 |
|
1,868 |
|
700 |
|
Sprint Capital Corporation, Senior Notes, |
|
|
|
|
|
|
|
8.375%, 03/15/12 |
|
Ba2 |
|
628 |
|
100 |
|
Sprint Capital Corporation, Senior Notes, |
|
|
|
|
|
|
|
8.75%, 03/15/32 |
|
Ba2 |
|
68 |
|
2,275 |
|
Sprint Nextel Corporation, Senior Notes, |
|
|
|
|
|
|
|
6%, 12/01/16 |
|
Ba2 |
|
1,615 |
|
1,250 |
|
Telesat Canada, Senior Notes, |
|
|
|
|
|
|
|
11%, 11/01/15 (g) |
|
Caa1 |
|
1,062 |
|
500 |
|
Valor Telecommunications Enterprise, LLC, Senior |
|
|
|
|
|
|
|
Notes, 7.75%, 02/15/15 |
|
Baa3 |
|
488 |
|
1,550 |
|
Wind Acquistion Finance S.A., Senior Notes, |
|
|
|
|
|
|
|
10.75%, 12/01/15 (g) |
|
B2 |
|
1,519 |
|
1,125 |
|
Windstream Corporation, Senior Notes, |
|
|
|
|
|
|
|
8.125%, 08/01/13 |
|
Ba3 |
|
1,111 |
|
100 |
|
Windstream Corporation, Senior Notes, |
|
|
|
|
|
|
|
8.625%, 08/01/16 |
|
Ba3 |
|
98 |
|
|
|
|
|
|
|
28,511 |
|
Textiles and Leather -.26% |
|
|
|
|
|
||
500 |
|
AGY Holding Corp., Senior Secured Notes, |
|
|
|
|
|
|
|
11%, 11/15/14 |
|
B2 |
|
295 |
|
100 |
|
Interface, Inc., Senior Subordinated Notes, |
|
|
|
|
|
|
|
9.50%, 02/01/14 |
|
B3 |
|
71 |
|
|
|
|
|
|
|
366 |
|
Utilities - 13.07% |
|
|
|
|
|
||
50 |
|
AES Corporation, Senior Notes, |
|
|
|
|
|
|
|
7.75%, 03/01/14 |
|
B1 |
|
45 |
|
1,375 |
|
AES Corporation, Senior Notes, |
|
|
|
|
|
|
|
9.375%, 09/15/10 |
|
B1 |
|
1,354 |
|
125 |
|
AES Corporation, Senior Notes, |
|
|
|
|
|
|
|
9.50%, 06/01/09 |
|
B1 |
|
125 |
|
2,375 |
|
AES Corporation, Senior Notes, |
|
|
|
|
|
|
|
9.75%, 04/15/16 (g) |
|
B1 |
|
2,232 |
|
850 |
|
Dynegy Holdings Inc., Senior Notes |
|
|
|
|
|
|
|
7.50%. 06/01/15 |
|
B2 |
|
580 |
|
3,300 |
|
Dynegy Holdings Inc., Senior Notes |
|
|
|
|
|
|
|
7.75%, 06/01/19 |
|
B2 |
|
2,145 |
|
2,750 |
|
Energy Future Holding Corporation, Senior Notes, |
|
|
|
|
|
|
|
10.875%, 11/01/17 |
|
Caa1 |
|
1,760 |
|
4,050 |
|
Energy Future Holding Corporation, Senior Notes, |
|
|
|
|
|
|
|
11.25%, 11/01/17 (i) |
|
Caa1 |
|
1,721 |
|
925 |
|
Mirant Americas Generation, LLC, Senior Notes, |
|
|
|
|
|
|
|
8.30%, 05/01/11 |
|
B3 |
|
900 |
|
1,500 |
|
NRG Energy, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.375%, 02/01/16 |
|
B1 |
|
1,395 |
|
750 |
|
NRG Energy, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.375%, 01/15/17 |
|
B1 |
|
692 |
|
975 |
|
PNM Resources, Inc., Senior Notes, |
|
|
|
|
|
|
|
9.25%, 05/15/15 |
|
Ba2 |
|
868 |
|
650 |
|
Reliant Energy, Inc., Senior Notes, |
|
|
|
|
|
|
|
6.75%, 12/15/14 |
|
Ba3 |
|
598 |
|
1,050 |
|
Reliant Energy, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.625%, 06/15/14 |
|
B1 |
|
840 |
|
2,150 |
|
Reliant Energy, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.875%, 06/15/17 |
|
B1 |
|
1,709 |
|
225 |
|
Sierra Pacific Resources, Senior Notes, |
|
|
|
|
|
|
|
7.803%, 06/15/12 |
|
Ba3 |
|
210 |
|
500 |
|
Sierra Pacific Resources, Senior Notes, |
|
|
|
|
|
|
|
8.625%, 03/15/14 |
|
Ba3 |
|
469 |
|
675 |
|
Texas Competitive Electric Holdings, Senior Notes, |
|
|
|
|
|
|
|
10.50%, 11/01/16 (i) |
|
Caa1 |
|
253 |
|
175 |
|
Williams Companies, Inc., Senior Notes, |
|
|
|
|
|
|
|
7.625%, 07/15/19 |
|
Baa3 |
|
165 |
|
400 |
|
Williams Companies, Inc., Senior Notes, |
|
|
|
|
|
|
|
8.75%, 01/15/20 (g) |
|
Baa3 |
|
400 |
|
|
|
|
|
|
|
18,461 |
|
|
|
Total Corporate Debt Securities |
|
|
|
214,380 |
|
|
|
|
|
|
|
|
|
BANK DEBT SECURITIES - 1.88% (d) |
|
|
|
|
|
||
Electronics - 1.05% |
|
|
|
|
|
||
733 |
|
Infor Global Solutions Holdings, Ltd., |
|
|
|
|
|
|
|
5.21%, 07/28/12 (h) |
|
B3 |
|
436 |
|
500 |
|
Infor Global Solutions, Holdings, Ltd., |
|
|
|
|
|
|
|
7.709%, 03/02/14 (h) |
|
Caa2 |
|
103 |
|
1,975 |
|
Palm Inc. |
|
|
|
|
|
|
|
4.024%, 04/24/14 (h) |
|
Ba3 |
|
948 |
|
|
|
|
|
|
|
1,487 |
|
Leisure, Amusement and Entertainment - .35% |
|
|
|
|
|
||
985 |
|
Town Sports International LLC, |
|
|
|
|
|
|
|
2.375%, 02/27/14 (h) |
|
Ba2 |
|
492 |
|
|
|
|
|
|
|
||
Oil and Gas - .26% |
|
|
|
|
|
||
500 |
|
Dresser, Inc., |
|
|
|
|
|
|
|
6.988%, 05/04/15 (h) |
|
B3 |
|
368 |
|
|
|
|
|
|
|
||
Telecommunications - .21% |
|
|
|
|
|
||
750 |
|
Trilogy International Partners LLC, |
|
|
|
|
|
|
|
4.959%, 06/29/12 (h) |
|
B2 |
|
300 |
|
|
|
|
|
|
|
|
|
Utilities - .01% |
|
|
|
|
|
|
|
16 |
|
NRG Energy, Inc., |
|
|
|
|
|
|
|
2.737%, 02/01/13 (h) |
|
B2 |
|
14 |
|
|
|
|
|
|
|
|
|
|
|
Total Bank Debt Securities |
|
|
|
2,661 |
|
Shares |
|
|
|
|
|
|
|
PREFERRED STOCK - .71% (d) |
|
|
|
|
|
||
Banking - .30% |
|
|
|
|
|
||
1,000 |
|
Bank of America Corporation, Series L, |
|
|
|
|
|
|
|
Convertible, Preferred Stock, 7.25% |
|
B3 |
|
424 |
|
|
|
|
|
|
|
||
Broadcasting and Entertainment - .09% |
|
|
|
|
|
||
495 |
|
Spanish Broadcasting System, Inc., Series B, |
|
|
|
|
|
|
|
Preferred Stock, 10.75% (c)(i) |
|
C |
|
125 |
|
|
|
|
|
|
|
||
Electronics - .32% |
|
|
|
|
|
||
1,600 |
|
Lucent Technologies Capital Trust I, |
|
|
|
|
|
|
|
Convertible Preferred Stock, 7.75% |
|
B3 |
|
458 |
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stock |
|
|
|
1,007 |
|
|
|
|
|
|
|
||
COMMON STOCK and WARRANTS - .48% (d) |
|
|
|
|
|
||
59,775 |
|
B&G Foods, Inc., Enhanced Income |
|
|
|
|
|
|
|
Securities |
|
|
|
657 |
|
10,052 |
|
WKI Holding Company, Inc., |
|
|
|
|
|
|
|
Common Stock (c)(f)(h) |
|
|
|
25 |
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock and Warrants |
|
|
|
682 |
|
Principal |
|
|
|
|
|
|
|
|
Amount |
|
|
|
|
|
|
|
|
SHORT-TERM INVESTMENTS - 4.24% (d) |
|
|
|
|
|
|||
5,991 |
|
Kredietbank North American Finance Corp., |
|
|
|
|
|
|
|
|
Commercial Paper, Due 04/01/09, |
|
|
|
|
|
|
|
|
Discount of .19% |
|
P-1 |
|
5,991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments |
|
|
|
5,991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS |
|
|
|
$ |
224,721 |
|
(a) |
Denotes income is not being accrued and/or issuer is in bankruptcy proceedings. |
|
|
(b) |
Securities are step interest bonds. Interest on these bonds accrues based on the effective interest method which results in a constant rate of interest being recognized. |
|
|
(c) |
Security is valued at fair value using methods determined by the Board of Directors. The total value of these securities at March 31, 2009 was $150. |
|
|
(d) |
Percentages indicated are based on total net assets to common shareholders of $141,201. |
|
|
(e) |
Not rated. |
|
|
(f) |
Non-income producing. |
|
|
(g) |
Securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers in transactions exempt from registration. Unless otherwise noted, 144A Securities are deemed to be liquid. See Note 1of the Note to Schedule of Investments for vaulation policy. Total market value of Rule 144A securities amounted to $37,141 as of March 31, 2009. |
|
|
(h) |
Restricted as to public resale. At the date of acquisition, these securities were valued at cost. The total value of restricted securities owned at March 31, 2009 was $2,686 or 1.90% of total net assets to common shareholders. |
|
|
(i) |
Pay-In-Kind Security |
The New America High Income Fund, Inc.
Note 1 to Schedule of Investments
March 31, 2009 (Unaudited)
(1) Significant Accounting and Other Policies
The New America High Income Fund, Inc. (the Fund) was organized as a corporation in the state of Maryland on November 19, 1987 and is registered with the Securities and Exchange Commission as a diversified, closed-end investment company under the Investment Company Act of 1940. The Fund commenced operations on February 26, 1988. The investment objective of the Fund is to provide high current income while seeking to preserve stockholders capital through investment in a professionally managed, diversified portfolio of high yield fixed-income securities.
The Fund invests primarily in fixed maturity corporate debt securities that are rated less than investment grade. Risk of loss upon default by the issuer is significantly greater with respect to such securities compared to investment grade securities because these securities are generally unsecured and are often subordinated to other creditors of the issuer and because these issuers usually have high levels of indebtedness and are more sensitive to adverse economic conditions, such as a recession, than are investment grade issuers. In some cases, the collection of principal and timely receipt of interest is dependent upon the issuer attaining improved operating results, selling assets or obtaining additional financing.
The Fund may focus its investments in certain industries, subjecting it to greater risk than a Fund that is more diversified. See the schedule of investments for information on individual securities as well as industry diversification and credit quality ratings.
The Funds financial statements have been prepared in conformity with accounting principles generally accepted in the United States for investment companies that require the management of the Fund to, among other things, make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
The following is a summary of significant accounting policies consistently followed by the Fund, which are in conformity with those generally accepted in the investment company industry.
(a) Valuation of InvestmentsInvestments for which market quotations are readily available are stated at market value, which is determined by using the most recently quoted bid price provided by an independent pricing service or principal market maker. Independent pricing services provide market quotations based primarily on quotations from dealers and brokers, market transactions, accessing data from quotations services, offering sheets obtained from dealers and various relationships between securities. Short-term investments with original maturities of 60 days or less are stated at amortized cost, which approximates market value. Following procedures approved by the Board of Directors, investments for which market quotations are not readily available (primarily fixed-income corporate bonds and notes) are stated at fair value on the basis of subjective valuations furnished by securities dealers and brokers. Other investments, for which market quotations are not readily available with a cost of approximately $2,826,000 and a value of $150,000, are valued in good faith at fair market value using methods determined by the Board of Directors.
(b) Securities Transactions and Net Investment IncomeSecurities transactions are recorded on trade date. Realized gains or losses on sales of securities are calculated on the identified cost basis. Interest income is accrued on a daily basis. Discount on short-term investments is amortized to investment income. Premiums or discounts on corporate debt securities are amortized based on the interest method for financial reporting purposes. All income on original issue
The New America High Income Fund, Inc.
Note 1 to Schedule of Investments Continued
March 31, 2009 (Unaudited)
discount and step interest bonds is accrued based on the effective interest method. The Fund does not amortize market premiums or discounts for tax purposes. Dividend payments received in the form of additional securities are recorded on the ex-dividend date in an amount equal to the value of the security on such date.
(c) Fair Value MeasurementIn September 2006, the Financial Accounting Standards Board issued Statement on Financial Accounting Standards No. 157, Fair Value Measurements (FAS 157). This standard establishes the definition of fair value, sets out a framework for measuring fair value and requires additional disclosures about fair value measurements. FAS 157 was effective for the Funds fiscal year beginning January 1, 2008.
The three levels of the fair value hierarchy under FAS 157 are described below:
Level 1quoted prices in active markets for identical securities
Level 2other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
Level 3significant unobservable inputs (including the Funds own assumptions in determining fair value of investments)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used as of March 31, 2009 in valuing the Funds investments:
Valuation Inputs |
|
Investments in |
|
Interest |
|
||
Level 1Quoted Prices |
|
$ |
657,000 |
|
$ |
|
|
Level 2Other Significant Observable Inputs |
|
223,914,000 |
|
(1,629,000 |
) |
||
Level 3Significant Unobservable Inputs |
|
150,000 |
|
|
|
||
Total |
|
$ |
224,721,000 |
|
$ |
(1,629,000 |
) |
The following is a reconciliation of Fund investments using Level 3 inputs for the period:
Balance, December 31, 2008 |
|
$ |
50,000 |
|
Net purchases (sales) |
|
|
|
|
Change in unrealized appreciation (depreciation) |
|
(24,000 |
) |
|
Realized gain (loss) |
|
|
|
|
Transfers in and/or out of Level 3 |
|
124,000 |
|
|
Balance, March 31, 2009 |
|
$ |
150,000 |
|
Item 2.
(a) The registrants President and Treasurer have concluded that the registrants disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940 (the Act)) are effective, based on their evaluation of these disclosure controls and procedures required by Rule 30a-3(b) as of a date within 90 days of the filing date of this report.
(b) There were no changes in the registrants internal control over financial reporting (as defined in rule 30a-3(d) under the Act) that occurred during the registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting.
Item 3.
Certifications as required by Rule 30a-2(a) under the Act are attached 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.
(Registrant) |
The New America High Income Fund, Inc |
|
|||
|
|
|
|||
By (Signature and Title) |
/s/ Robert F. Birch |
|
|||
|
Robert F. Birch |
||||
|
President |
||||
|
|||||
Date |
May 20, 2009 |
|
|||
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 (Signature and Title) |
/s/ Robert F. Birch |
|
|||
|
Robert F. Birch |
||||
|
President |
||||
|
|||||
Date |
May 20, 2009 |
|
|||
|
|||||
|
|||||
By (Signature and Title) |
/s/ Ellen E. Terry |
|
|||
|
Ellen E. Terry |
||||
|
Treasurer |
||||
|
|||||
Date |
May 20, 2009 |
|
|||