| Ticker | Cusip | Description | S&P Rating (6/30/2010)* |
Mat.Date | Years | Shares | Price | Value |
| AE081511 | 02586GAA0 | AMERICAN EXPRESS ISSUANCE TRUST | AAA | 8/15/2011 | 1.1 | 5,000,000.000 | 99.9950 | $4,999,750.00 |
| AH032712 | 02666QZJ5 | AMERICA HONDA FINANCE 3/27/2012 | A+ | 3/27/2012 | 1.7 | 6,000,000.000 | 99.4293 | $5,965,758.00 |
| BA051513 | 05522RAR9 | BANK OF AMERICA CREDIT CARD 5/15/13 | AAA | 5/15/2013 | 2.8 | 3,345,000.000 | 101.5947 | $3,398,342.72 |
| BA061512 | 06052JAB8 | BANK OF AMERICA AUTO TRUST 6/15/12 | AAA | 6/15/2012 | 1.9 | 4,600,000.000 | 100.0817 | $4,603,758.20 |
| BS112811 | 073928S53 | BEAR STEARNS COS LLC 11/28/2011 | A+ | 11/28/2011 | 1.3 | 3,200,000.000 | 99.9526 | $3,198,483.20 |
| CB051013 | 17305EDF9 | CITIBANK CREDIT CARD ISSUANCE 5/10/13 | 5/10/2013 | 2.8 | 3,000,000.000 | 103.7278 | $3,111,834.00 | |
| CC102212 | 17305ECU7 | CITIBANK CREDIT CARD ISSUANCE 10/22/12 | AAA | 10/22/2012 | 2.2 | 6,000,000.000 | 100.9580 | $6,057,480.00 |
| CI031513 | 161571AQ7 | CHASE ISSUANCE TRUST 3/15/13 | AAA | 3/15/2013 | 2.7 | 3,500,000.000 | 101.8409 | $3,564,431.50 |
| CI091712 | 161571CF9 | CHASE ISSUANCE TRUST 9/17/12 | AAA | 9/17/2012 | 2.2 | 1,525,000.000 | 100.5785 | $1,533,822.13 |
| CI121712 | 161571AW4 | CHASE ISSUANCE TRUST 12/17/12 | AAA | 12/17/2012 | 2.4 | 5,600,000.000 | 100.8867 | $5,649,655.20 |
| CM080210 | 2063C1H29 | CONCORD MINUTEMEN CAP CO 8/2/2010 | A-1 | 8/2/2010 | 0.1 | 6,000,000.000 | 99.9950 | $5,999,699.92 |
| CM080310 | 2063C1H37 | CONCORD MINUTEMEN CAP CO 8/3/2010 | 8/3/2010 | 0.1 | 3,000,000.000 | 99.9944 | $2,999,833.31 | |
| CS111511 | 22541LAB9 | CREDIT SUISSE USA INC 6.125% 11/15/11 | A+ | 11/15/2011 | 1.3 | 3,700,000.000 | 106.1004 | $3,925,714.80 |
| DICXX | 26188J206 | Dreyfus Cash Management - Inst | NR | 8/1/2010 | 0.1 | 3,681,027.830 | 100.0000 | $3,681,027.83 |
| FF020111 | 31331JCY7 | FEDERAL FARM CREDIT BANK 0.35% 2/1/2011 | AAA | 2/1/2011 | 0.6 | 5,000,000.000 | 100.0392 | $5,001,960.00 |
| FF030112 | 31331JFQ1 | FEDERAL FARM CREDIT BANK 3/1/2012 | AAA | 3/1/2012 | 1.7 | 6,705,000.000 | 100.4837 | $6,737,432.09 |
| FF122311 | 31331G6Q7 | FEDERAL FARM CREDIT BANK 1.05% 12/23/11 | AAA | 12/23/2011 | 1.4 | 6,000,000.000 | 100.3069 | $6,018,414.00 |
| FH012111 | 3133XSVR6 | FEDERAL HOME LOAN BANK 1.625% 1/21/11 | AAA | 1/21/2011 | 0.5 | 10,000,000.000 | 100.6807 | $10,068,070.00 |
| FH021811 | 3133XECU1 | FED HM LN BK BD 4.625% 2/18/11 | AAA | 2/18/2011 | 0.6 | 5,000,000.000 | 102.3804 | $5,119,020.00 |
| FH031411 | 3133XX4G9 | FEDERAL HOME LOAN BANK 0.5% 3/14/2011 | AAA | 3/14/2011 | 0.7 | 5,000,000.000 | 100.0139 | $5,000,695.00 |
| FH032312 | 3133XXEK9 | FEDERAL HOME LOAN BANK 1.125% 3/23/12 | AAA | 3/23/2012 | 1.7 | 2,000,000.000 | 100.1101 | $2,002,202.00 |
| FH041811 | 3133XVDM0 | FEDERAL HOME LOAN BANK 0.7% 4/18/2011 | AAA | 4/18/2011 | 0.8 | 5,000,000.000 | 100.2584 | $5,012,920.00 |
| FH050611 | 3133XVDU2 | FEDERAL HOME LOAN BANK 0.8% 5/6/2011 | AAA | 5/6/2011 | 0.8 | 3,000,000.000 | 100.4358 | $3,013,074.00 |
| FH051711 | 313384FS3 | FED HOME LN DISCOUNT NT 5/17/2011 | AAA | 5/17/2011 | 0.8 | 6,000,000.000 | 99.7323 | $5,983,938.00 |
| FH052711 | 313384GC7 | FED HOME LN DISCOUNT NT 5/27/2011 | AAA | 5/27/2011 | 0.8 | 4,000,000.000 | 99.7232 | $3,988,928.00 |
| FH061011 | 3133XFJY3 | FEDERAL HOME LOAN BANK 5.25% 6/10/2011 | AAA | 6/10/2011 | 0.9 | 20,000,000.000 | 104.0622 | $20,812,440.00 |
| FH090911 | 3133XRY46 | FEDERAL HOME LOAN BANK 3.75% 9/9/2011 | AAA | 9/9/2011 | 1.2 | 5,000,000.000 | 103.7048 | $5,185,240.00 |
| FH122710 | 3133XVZ87 | FEDERAL HOME LOAN BANK 0.4% 12/27/2010 | AAA | 12/27/2010 | 0.4 | 5,000,000.000 | 100.0046 | $5,000,230.00 |
| FH122910 | 3133XV5G2 | FEDERAL HOME LOAN BANK .57% 12/29/10 | AAA | 12/29/2010 | 0.4 | 10,000,000.000 | 100.1525 | $10,015,250.00 |
| FH61011 | 3133XR4U1 | FED HOME LOAN BANK 3.125% 6/10/2011 | AAA | 6/10/2011 | 0.9 | 4,135,000.000 | 102.1544 | $4,224,084.44 |
| FM011212 | 31398AB43 | FANNIE MAE 0.875% 1/12/2012 | AAA | 1/12/2012 | 1.5 | 3,000,000.000 | 100.4473 | $3,013,419.00 |
| FM012612 | 3128X9TY6 | FREDDIE MAC 1.25% 1/26/2012 | AAA | 1/26/2012 | 1.5 | 15,000,000.000 | 100.3509 | $15,052,635.00 |
| FM040512 | 31398AK84 | FANNIE MAE 4/5/2012 | AAA | 4/5/2012 | 1.8 | 5,000,000.000 | 100.1351 | $5,006,755.00 |
| FM041111 | 3137EABK4 | FREDDIE MAC 2.75% 4/11/2011 | AAA | 4/11/2011 | 0.8 | 10,000,000.000 | 101.6833 | $10,168,330.00 |
| FM051911 | 31398ARH7 | FANNIE MAE 3.375% 5/19/2011 | AAA | 5/19/2011 | 0.8 | 8,000,000.000 | 102.4827 | $8,198,616.00 |
| FM062911 | 313396HM8 | FREDDIE MAC DISCOUNT NT 6/29/2011 | 6/29/2011 | 0.9 | 5,000,000.000 | 99.6836 | $4,984,180.00 | |
| FM070612 | 3134G1JU9 | FREDDIE MAC 1.1% 7/6/2012 | 7/6/2012 | 2.0 | 13,755,000.000 | 100.2133 | $13,784,339.42 | |
| FM072012 | 3134G1KZ6 | FREDDIE MAC 1.00% 7/20/2012 | 7/20/2012 | 2.0 | 3,000,000.000 | 100.1190 | $3,003,570.00 | |
| FM082411 | 3128X9AL4 | FREDDIE MAC 1.50% 8/24/2011 | AAA | 8/24/2011 | 1.1 | 1,000,000.000 | 100.0706 | $1,000,706.00 |
| FM092811 | 31398AZH8 | FANNIE MAE 1.25% 9/28/2011 | AAA | 9/28/2011 | 1.2 | 10,245,000.000 | 100.1024 | $10,255,490.88 |
| FM102111 | 3134G1AP9 | FREDDIE MAC 10/21/2011 | AAA | 10/21/2011 | 1.2 | 10,000,000.000 | 100.0362 | $10,003,620.00 |
| FM112311 | 31398AZN5 | FANNIE MAE 1.00% 11/23/2011 | 11/23/2011 | 1.3 | 5,000,000.000 | 100.7131 | $5,035,655.00 | |
| FN042511 | 313588EU5 | FNMA DISCOUNT 4/25/11 | AAA | 4/25/2011 | 0.8 | 2,500,000.000 | 99.7750 | $2,494,375.00 |
| FN050411 | 313588FD2 | FNMA DISCOUNT 5/4/2011 | AAA | 5/4/2011 | 0.8 | 11,500,000.000 | 99.7442 | $11,470,583.00 |
| GE081511 | 36962G2N3 | GENERAL ELEC CAP CORP 08/15/11 | AA+ | 8/15/2011 | 1.1 | 3,000,000.000 | 99.9162 | $2,997,486.00 |
| GE110112 | 36962GZ49 | GENERAL ELEC CAP CORP 11/1/2012 | AA+ | 11/1/2012 | 2.3 | 8,245,000.000 | 98.0806 | $8,086,745.47 |
| GO082710 | 38362WHT1 | GOVCO LLC 8/27/2010 | A-1 | 8/27/2010 | 0.1 | 3,000,000.000 | 99.9581 | $2,998,742.88 |
| GO082710 | 38362WHT1 | GOVCO LLC 8/27/2010 | A-1 | 8/27/2010 | 0.1 | 5,000,000.000 | 99.9581 | $4,997,904.83 |
| GS020612 | 38141GEW0 | GOLDMAN SACHS GROUP INC 2/6/2012 | A | 2/6/2012 | 1.6 | 5,450,000.000 | 98.7767 | $5,383,330.15 |
| GS100711 | 38141EJV2 | GOLDMAN SACHS GROUP INC 10/7/2011 | A | 10/7/2011 | 1.2 | 1,530,000.000 | 99.6834 | $1,525,156.02 |
| HP052711 | 428236AX1 | HEWLETT-PACKARD CO 2.25% 5/27/2011 | A | 5/27/2011 | 0.8 | 8,000,000.000 | 101.3982 | $8,111,856.00 |
| IB072811 | 459200GK1 | IBM CORP 7/28/2011 | A+ | 7/28/2011 | 1.0 | 5,000,000.000 | 100.6249 | $5,031,245.00 |
| IR031514 | 463655DY3 | IRVINE RANCH CALIF WTR DIST 3/15/2014 | AAA | 3/15/2014 | 3.7 | 6,375,000.000 | 108.3370 | $6,906,483.75 |
| JP022311 | 481247AG9 | JPMORGAN CHASE & CO 1.65% 2/23/2011 | AAA | 2/23/2011 | 0.6 | 5,000,000.000 | 100.7840 | $5,039,200.00 |
| JP122111 | 46623ECS6 | JPMORGAN CHASE & CO 12/21/2011 | A+ | 12/21/2011 | 1.4 | 5,000,000.000 | 99.8149 | $4,990,745.00 |
| LC080310 | 52468KH38 | LEGACY CAPITAL LLC 8/3/2010 | 8/3/2010 | 0.1 | 7,000,000.000 | 99.9944 | $6,999,611.10 | |
| LX080310 | 52952MH37 | LEXINGTON PKR CAP CO 8/3/2010 | 8/3/2010 | 0.1 | 5,000,000.000 | 99.9944 | $4,999,722.19 | |
| ML060512 | 59018YE72 | MERRILL LYNCH & CO 6/5/2012 | A | 6/5/2012 | 1.9 | 3,000,000.000 | 98.2472 | $2,947,416.00 |
| MS011811 | 617446YT0 | MORGAN STANLEY 1/18/2011 | A | 1/18/2011 | 0.5 | 3,085,000.000 | 99.6834 | $3,075,232.89 |
| MS10912 | 61746BCX2 | MORGAN STANLEY 1/9/2012 | A | 1/9/2012 | 1.5 | 3,000,000.000 | 97.9885 | $2,939,655.00 |
| NY081610 | 64952WAE3 | NEW YORK LIFE GLOBAL FDG 4.625% 8/16/2010 | AAA | 8/16/2010 | 0.1 | 7,000,000.000 | 100.1083 | $7,007,581.00 |
| OC011511 | 68402LAE4 | ORACLE CORP 5.00% 1/15/2011 | A | 1/15/2011 | 0.5 | 6,530,000.000 | 101.8666 | $6,651,888.98 |
| TG011211 | 87244EAA0 | TIAA GLOBAL MARKETS 4.875% 1/12/2011 | AAA | 1/12/2011 | 0.5 | 8,320,000.000 | 101.4337 | $8,439,283.85 |
| TN022811 | 912828KE9 | US TREASURY N/B 0.875% 2/28/11 | AAA | 2/28/2011 | 0.6 | 800,000.000 | 100.3750 | $803,000.00 |
| TN033111 | 912828KH2 | US TREASURY N/B 0.875% 3/31/11 | AAA | 3/31/2011 | 0.7 | 5,000,000.000 | 100.4219 | $5,021,095.00 |
| TN043011 | 912828KL3 | US TREASURY N/B 4/30/11 | AAA | 4/30/2011 | 0.8 | 5,000,000.000 | 100.4453 | $5,022,265.00 |
| TV011811 | 880591DN9 | TENN VALLEY AUTHORITY 5.625% | AAA | 1/18/2011 | 0.5 | 2,100,000.000 | 102.5407 | $2,153,354.70 |
| US061512 | 90290FAB2 | USAA AUTO OWNER TRUST 6/15/12 | AAA | 6/15/2012 | 1.9 | 10,000,000.000 | 99.9789 | $9,997,890.00 |
| US080111 | 90333WAA6 | US BANK NA 6.375% 8/1/2011 | A+ | 8/1/2011 | 1.1 | 3,635,000.000 | 105.4675 | $3,833,743.63 |
| UT030111 | 913017BD0 | UNITED TECHNOLOGIES CORP 6.35% 3/1/2011 | A | 3/1/2011 | 0.7 | 2,275,000.000 | 103.2474 | $2,348,878.35 |
| Totals | 390,336,027.830 | $393,655,275.43 | ||||||