Holdings (as of 3/31/2012)

Rank

Issue

Quantity ($)

Value($)
% of
Managed Assets
1.Univar, Inc., Senior Secured First Lien Term B Loan6,446,4826,446,482.281.47%
2.John Henry Holdings, Inc. (aka Multi Packaging Solutions), Senior Secured First Lien Effective Date Term Advance Loan5,475,0005,491,140.631.25%
3.Cincinnati Bell, Inc. (aka Broadwing, Inc.), Senior Unsecured Bond5,000,0005,000,000.001.14%
4.Advantage Sales & Marketing, Inc., Senior Secured Second Lien Term Loan5,000,0004,925,000.001.12%
5.Sedgwick Holdings, Inc., Senior Secured Second Lien Term Loan5,000,0004,925,000.001.13%
6.Harbor Freight Tools USA, Inc., Senior Secured Tranche B First Lien Term Loan4,909,7704,909,422.701.12%
7.Chrysler Group LLC, Senior Secured Tranche B First Lien Term Loan4,837,3954,789,021.021.09%
8.Smile Brands Group, Inc., Senior Secured First Lien Term B Loan4,899,3474,836,356.391.11%
9.Hupah Finance, Inc., Senior Secured First Lien Initial Term Loan4,824,5614,728,070.171.08%
10.Carestream Health, Inc. (aka Onex Carestream Finance LP), Senior Secured First Lien Term B Loan4,948,7814,924,037.411.13%
11.Avaya, Inc., Senior Secured B-3 Extended First Lien Term Loan4,968,6344,729,183.221.08%
12.Sports Authority, Inc. (aka TSA), Senior Secured First Lien Term B Loan4,937,5004,789,375.001.09%
13.Drumm Investors LLC (aka Golden Living), Senior Secured First Lien Term Loan4,961,6044,911,988.081.12%
14.Gibson Energy ULC, Senior Secured First Lien Term Loan4,480,0354,435,234.391.01%
15.1-800 Contacts, Inc., Senior Secured First Lien Term Loan4,357,1774,320,404.250.99%
16.Aspect Software, Inc., Senior Secured First Lien Term B Loan4,309,9634,238,750.460.97%
17.Trinseo Materials Operating S.C.A., Senior Secured First Lien Term Loan4,694,2884,696,787.851.07%
18.PSC Industrial Outsourcing LP, Senior Secured First Lien Term Loan4,221,4944,208,313.910.96%
19.Kronos, Inc. (aka Seahawk Acquisition Corp.), Senior Secured Tranche B-1 Second Lien Term Loan4,000,0003,800,000.000.87%
20.Presidio, Inc., Senior Secured First Lien Term B Loan3,988,8783,936,103.320.90%
21.Sheridan Production Partners LP, Senior Secured First Lien Term Loan [SIP I]4,013,2423,950,715.430.90%
22.Chinos Acquisition Corp. (aka J. Crew Group, Inc.), Senior Secured First Lien Term Loan4,054,6684,054,668.250.93%
23.HarbourVest Partners LP, Senior Secured First Lien Term Loan3,953,5433,914,007.560.89%
24.Emergency Medical Services Corp. (aka AMR/EMCare), Senior Secured First Lien Initial Term Loan3,960,0003,940,200.000.90%
25.Ardent Medical Services, Inc., Senior Secured First Lien Term Loan3,962,2883,880,276.690.89%
26.Reynolds Group Holdings, Inc., Senior Secured Tranche C First Lien Term Loan3,888,5733,849,686.820.88%
27.Vertafore, Inc., Senior Secured First Lien Term Loan3,950,0183,950,018.100.90%
28.Fairway Group Acquisition Co., Senior Secured First Lien Term Loan3,960,0133,935,412.440.90%
29.Attachmate Corp., Senior Secured First Lien Term Loan3,900,0003,861,000.000.88%
30.Amscan Holdings, Inc., Senior Secured First Lien Term Loan3,848,9033,825,849.220.87%
31.Interactive Data Corp., Senior Secured First Lien Term Loan3,832,2173,832,217.100.88%
32.Mood Media Corp., Senior Secured First Lien Term Loan3,911,6183,877,501.480.89%
33.Custom Building Products, Inc., Senior Secured First Lien Term B Loan3,770,9093,752,990.890.86%
34.SRA International, Inc., Senior Secured First Lien Term Loan3,746,6863,559,352.010.81%
35.Sensus USA, Inc. (fka Sensus Metering Systems), Senior Secured Second Lien Term Loan3,714,2863,647,142.860.83%
36.Del Monte Foods Co., Senior Secured Initial First Lien Term Loan3,754,9703,601,979.430.82%
37.Playboy Enterprises, Inc., Senior Secured First Lien Term B Loan3,670,3703,660,937.690.84%
38.Academy, Ltd., Senior Secured First Lien Initial Term Loan3,491,2503,438,212.500.79%
39.BarBri, Inc., Senior Secured First Lien Term Loan3,486,8753,476,907.810.79%
40.FoxCo Acquisition Sub LLC, Senior Secured First Lien Replacement Term Loan3,460,8753,452,222.430.79%
41.Allen Systems Groups, Inc., Senior Secured Bond3,983,0004,028,927.850.92%
42.Nusil Technology LLC, Senior Secured First Lien Term Loan3,435,0343,439,982.010.79%
43.Alaska Communications Systems Holdings, Inc., Senior Secured First Lien Term Loan3,650,6323,634,125.300.83%
44.Sitel LLC (aka Clientlogic Corp.), Senior Secured First Lien Extended U.S. Term Loan3,500,0003,421,250.000.78%
45.Star West Generation LLC, Senior Secured First Lien Term B Advance Loan3,384,6153,367,692.300.77%
46.Asurion LLC, Senior Secured First Lien Term B Loan3,310,9843,275,374.130.75%
47.MedAssets, Inc., Senior Secured First Lien Term Loan3,243,6233,250,709.340.74%
48.Sophia LP, Senior Secured First Lien New Term Loan3,200,0003,152,000.000.72%
49.Burger King Corp., Senior Secured Tranche B First Lien Term Loan3,239,0593,157,668.310.72%
50.Nexeo Solutions LLC (aka Ashland Distribution), Senior Secured First Lien Initial Term Loan3,300,0003,310,000.010.76%
51.Frac Tech International LLC, Senior Secured First Lien Term Loan3,243,9763,202,877.480.73%
52.Fibertech Networks LLC (aka Firefox), Senior Secured First Lien Term Loan3,174,1073,126,495.560.71%
53.Sorenson Communications, Inc., Senior Secured First Lien Tranche C Term Loan3,196,1763,098,799.050.71%
54.PETCO Animal Supplies, Inc., Senior Secured First Lien Term Loan3,091,2763,034,128.060.69%
55.Cenveo Corp., Senior Secured First Lien Term B Facility Loan3,075,6983,044,941.060.70%
56.Alliant Holdings I, Inc., Senior Secured Tranche C Incremental First Lien Term Loan3,016,4352,966,689.370.68%
57.Wm. Bolthouse Farms, Inc., Senior Secured Second Lien Term Loan3,000,0003,000,000.000.69%
58.Neiman Marcus Group, Inc., Senior Secured First Lien Extended Term Loan3,000,0002,943,750.000.67%
59.Brickman Group Holdings, Inc., Senior Secured Tranche B First Lien Term Loan2,952,5752,923,049.640.67%
60.Aurora Diagnostics Holdings LLC, Senior Unsecured Bond3,000,0003,000,000.000.69%
61.Inmar, Inc., Senior Secured First Lien Term Loan2,970,8472,941,138.160.67%
62.Toys "R" Us, Inc., Senior Secured First Lien Initial Term Loan2,955,0002,910,675.000.67%
63.Revlon Consumer Products Corp., Senior Secured First Lien Term Loan2,940,1882,913,734.320.67%
64.Avis Budget Car Rental LLC, Senior Secured Tranche C First Lien Term Loan2,940,6302,911,223.750.66%
65.Burlington Coat Factory Warehouse Corp., Senior Secured First Lien Term B Loan2,908,8612,830,079.110.65%
66.Summit Entertainment LLC, Senior Secured First Lien Term Loan2,907,9862,864,366.570.65%
67.IASIS Healthcare LLC, Senior Secured First Lien Term B Loan2,809,6202,795,571.900.64%
68.Convatec, Inc. (aka Cidron Healthcare, Ltd.), Senior Secured First Lien Dollar Term Loan2,795,7292,743,087.840.63%
69.Univision Communications, Inc., Senior Secured Extended First Lien Term Loan3,000,0002,580,000.000.59%
70.Spansion LLC, Senior Secured First Lien Term Loan2,612,2622,592,874.550.59%
71.Immucor, Inc., Senior Secured First Lien Term B Loan2,555,7842,471,052.930.56%
72.EquiPower Resources Holdings LLC, Senior Secured First Lien Term B Advance Loan2,749,6972,728,313.500.62%
73.Alliance Healthcare Services, Inc., Senior Secured First Lien Term B Loan2,752,2072,745,326.110.63%
74.Aurora Diagnostics Holdings LLC, Senior Secured Tranche B First Lien Term Loan2,543,0562,503,088.550.57%
75.Hyland Software, Inc., Senior Secured First Lien Term Loan2,485,0962,479,182.830.57%
76.Alkermes, Inc., Senior Secured First Lien Term Loan2,429,3952,411,976.210.55%
77.Surgical Care Affiliates LLC, Senior Secured First Lien Class B Term Loan2,493,7022,191,340.760.50%
78.National Specialty Hospitals, Inc., Senior Secured First Lien Initial Term Loan2,529,0072,535,329.030.58%
79.Advance Pierre Foods, Inc., Senior Secured First Lien Term Loan2,377,7272,330,172.710.53%
80.Postmedia Network, Inc. (aka CW Acquisition LP), Senior Secured Tranche C First Lien Term Loan2,370,6652,369,524.900.54%
81.Goodman Global, Inc., Senior Secured First Lien Term Loan2,320,7072,297,500.000.53%
82.Sedgwick Claims Management Services, Inc., Senior Secured First Lien Term B-1 Loan2,268,1322,268,131.880.52%
83.Baker Corp. International, Inc., Senior Secured First Lien Term Loan2,232,0272,220,866.880.51%
84.Sprouts Farmers Market Holdings LLC, Senior Secured First Lien Initial Term Loan2,229,9812,219,218.840.51%
85.Surgery Center Holdings, Inc., Senior Secured First Lien Term Loan2,299,3552,287,858.070.52%
86.National CineMedia LLC, Senior Unsecured Bond2,000,0002,000,000.000.46%
87.Denny's, Inc. (fka Advantica Restaurants Group, Inc.), Senior Secured First Lien Term Loan2,135,2382,135,238.100.49%
88.Pharmaceutical Product Development, Inc., Senior Secured First Lien Term Loan2,081,7392,054,263.040.47%
89.Sagittarius Restaurants LLC (fka Captain D's), Senior Secured First Lien Term Loan2,090,6252,074,945.310.47%
90.Vertafore, Inc., Senior Secured Second Lien Term Loan2,000,0001,980,000.000.45%
91.Six Flags Theme Parks, Inc., Senior Secured Tranche B First Lien Term Loan2,000,0002,000,000.000.46%
92.Capsugel Holdings U.S., Inc., Senior Secured First Lien Initial Term Loan1,979,1301,991,500.000.46%
93.Bass Pro Group LLC, Senior Secured First Lien Term Loan1,989,9751,955,150.380.45%
94.Hertz Corp., Senior Secured Tranche B First Lien Term Loan1,994,9621,989,974.810.45%
95.NXP BV, Senior Secured First Lien Tranche B Term Loan2,000,0001,970,000.000.45%
96.Health Management Associates, Inc., Senior Secured First Lien Term B Loan1,995,0001,990,012.500.45%
97.Eagle Parent, Inc., Senior Secured First Lien Term B Loan1,994,9751,940,113.060.44%
98.Res-Care, Inc., Senior Secured First Lien Term B Loan1,975,0001,935,500.000.44%
99.Web.com Group, Inc., Senior Secured First Lien Term Loan1,961,6671,726,266.660.39%
100.Kasima LLC (DCIP), Senior Secured First Lien Incremental Term Loan1,939,5921,929,893.870.44%
101.Scitor Corp., Senior Secured First Lien Term Loan1,985,0531,909,283.890.44%
102.Wall Street Systems Holdings, Inc., Senior Secured First Lien Term Loan1,932,7591,933,094.830.44%
103.NXP BV, Senior Secured Tranche A-2 First Lien Term Loan1,883,3931,810,557.150.41%
104.FRAM Group Holdings, Inc. (aka Autoparts Holdings), Senior Secured First Lien Term Loan1,865,6251,856,296.880.42%
105.NPC International, Inc., Senior Secured First Lien Term Loan1,860,7591,846,044.300.42%
106.RBS Holding Co. LLC, Senior Secured First Lien Term B Loan2,970,0002,910,600.000.67%
107.The Gymboree Corp., Senior Secured First Lien Term Loan1,944,7671,947,266.730.44%
108.Totes Isotoner Corp., Senior Secured First Lien Initial Term Loan1,798,9061,771,922.660.40%
109.Wm. Bolthouse Farms, Inc., Senior Secured First Lien Term Loan1,722,8041,718,497.020.39%
110.CHG Cos., Inc., Senior Secured Additional First Lien Term Loan1,732,5191,730,353.510.40%
111.Entercom Radio LLC, Senior Secured First Lien Term B Loan1,676,9481,663,408.840.38%
112.Lawson Software, Inc., Senior Secured First Lien Term B Loan1,690,1411,673,239.440.38%
113.Altegrity, Inc. (aka U.S. Investigation Services, Inc.), Senior Secured Tranche D First Lien Term Loan1,634,1541,613,939.880.37%
114.Verint Systems, Inc., Senior Secured First Lien Term Loan1,631,5071,623,349.320.37%
115.InfoGroup, Inc., Senior Secured First Lien Term B Loan1,691,2981,674,384.820.38%
116.TASC, Inc., Senior Secured Tranche B First Lien Term Loan1,607,2041,599,167.640.37%
117.Energy Transfer Equity LP, Senior Secured First Lien Term Loan1,597,6331,565,680.480.36%
118.CDW Corp., Senior Secured First Lien Extended Term Loan1,601,7941,609,802.690.37%
119.Acosta, Inc., Senior Secured First Lien Term B Loan1,541,1631,541,162.680.35%
120.Ship U.S. Bidco, Inc., (aka RBS WorldPay), Senior Secured First Lien Facility B2A Term Loan1,538,4621,523,076.920.35%
121.CITGO Petroleum Corp., Senior Secured First Lien Term C Loan1,471,2811,469,355.750.34%
122.Open Link International, Inc., Senior Secured First Lien Initial Term Loan1,459,7561,430,560.970.33%
123.Monitronics International, Inc., Senior Secured First Lien Term Loan1,451,6131,437,096.770.33%
124.Hubbard Radio LLC, Senior Secured Second Lien Term Loan1,428,5711,414,285.720.32%
125.Syniverse Holdings, Inc. (aka Buccaneer Merger Sub, Inc.), Senior Secured First Lien Term Loan1,431,1591,416,847.810.32%
126.Spencer Spirit Holdings, Inc., Senior Secured Bond1,400,0001,400,000.000.32%
127.Intelsat Jackson Holdings, Ltd., Senior Secured First Lien Tranche B Term Loan1,397,9991,348,509.180.31%
128.Entercom Radio LLC, Senior Unsecured Bond1,300,0001,283,218.870.29%
129.Arizona Chemical U.S., Inc., Senior Secured First Lien Term Loan1,377,2731,335,954.550.31%
130.TI Group Automotive Systems LLC, Senior Secured First Lien Term Loan1,304,3481,265,217.400.29%
131.Crestwood Holdings LLC, Senior Secured First Lien Term Loan1,257,1431,238,285.720.28%
132.Bragg Communications, Inc., Senior Secured First Lien Term B Loan1,258,2121,248,775.570.29%
133.Shield Finance Co. S.A.R.L. (aka Sophos plc), Senior Secured Incremental First Lien Term B-2 Loan1,240,6251,234,421.870.28%
134.Armored AutoGroup, Inc. (fka Viking Acquisition, Inc. (aka Global Autocare)), Senior Secured First Lien Term B Loan1,256,8251,263,074.500.29%
135.Pinnacle Entertainment, Inc., Senior Secured Series A Incremental First Lien Term Loan1,206,8971,194,827.580.27%
136.Barrington Broadcast Group LLC, Senior Secured Tranche 2 First Lien Term Loan1,199,3241,163,344.600.27%
137.U.S. Security Associates Holdings, Inc., Senior Secured First Lien Term B Loan1,207,2691,196,029.240.27%
138.Kinetic Concepts, Inc., Senior Secured First Lien Term B-1 Loan1,148,2011,096,532.370.25%
139.Norit Holdings BV, Senior Secured First Lien Term Loan1,148,0771,130,855.760.26%
140.Grifols, Inc., Senior Secured Tranche B First Lien Term Loan1,062,2231,056,911.780.24%
141.EZE Castle Software, Inc., Senior Secured Second Lien Top Borrower Term Loan1,056,6331,088,331.480.25%
142.Greeneden U.S. Holdings II LLC, Senior Secured First Lien Term Loan1,034,4831,013,793.100.23%
143.CCO Holdings LLC / CCO Holdings Capital Corp., Senior Unsecured Bond1,000,0001,000,000.000.23%
144.Advance Pierre Foods, Inc., Senior Secured Second Lien Term Loan1,000,0001,015,000.000.23%
145.BJ's Wholesale Club, Inc., Senior Secured Replacement First Lien Term Facility Loan995,000995,000.000.23%
146.Del Monte Corp., Senior Unsecured Bond1,000,0001,000,000.000.23%
147.Hubbard Radio LLC, Senior Secured First Lien Term Loan994,987983,793.860.22%
148.Dunkin' Brands, Inc., Senior Secured First Lien Term B-2 Loan995,322994,077.400.23%
149.Crown Castle Operating Co., Senior Secured Tranche B First Lien Term Loan997,500998,746.870.23%
150.Asurion LLC, Senior Secured First Lien Term Add On Loan1,000,000985,100.000.23%
151.AMC Entertainment, Inc., Senior Secured First Lien Term B3 Loan997,500987,525.000.23%
152.Digitalglobe, Inc., Senior Secured First Lien Term Loan997,500986,278.120.23%
153.Yankee Candle Co., Inc., Senior Secured First Lien Term B Loan892,857883,928.570.20%
154.Aveta, Inc., Senior Secured First Lien Term B Loan872,727846,545.450.19%
155.Sheridan Holdings, Inc., Senior Secured Second Lien Term Loan867,708824,322.500.19%
156.Roundy's Supermarkets, Inc., Senior Secured Tranche B First Lien Term Loan839,161826,573.430.19%
157.Remy International, Inc., Senior Secured First Lien Term B Facility Loan803,412795,378.190.18%
158.Ozburn-Hessey Holding Co. LLC, Senior Secured First Lien Term Loan844,700849,979.810.19%
159.Kinetic Concepts, Inc., Senior Secured First Lien Term B-2 Loan718,200716,404.500.16%
160.CCC Information Services, Inc., Senior Secured First Lien Term Loan645,606639,149.900.15%
161.Boyd Gaming Corp., Senior Secured First Lien Increased Term Loan613,990601,709.850.14%
162.Sensus USA, Inc. (fka Sensus Metering Systems), Senior Secured First Lien Term Loan600,000597,000.030.14%
163.Fidelity National Information Services, Inc., Senior Secured First Lien Term B Loan580,377574,573.030.13%
164.TowerCo Finance LLC, Senior Secured First Lien Term B-1 Loan554,400551,628.000.13%
165.Hyland Software, Inc., Senior Secured First Lien Term 2 Loan543,478538,043.480.12%
166.Sheridan Production Partners LP, Senior Secured First Lien Term Loan [SPP I-A]531,788523,502.150.12%
167.United Refining Co., Senior Secured Bond510,000493,810.260.11%
168.CITGO Petroleum Corp., Senior Secured First Lien Term B Loan507,234504,698.280.12%
169.UCI International, Inc. (aka United Components, Inc.), Senior Secured Fist Lien Term B Loan505,450505,450.240.12%
170.Generac Power Systems, Inc., Senior Secured Tranche B First Lien Term Loan476,190473,809.530.11%
171.BNY ConvergEx Group LLC, Senior Secured EZE Borrower Second Lien Term Loan443,368456,668.530.10%
172.Rail America, Inc., Senior Secured First Lien Initial Term Loan420,168418,067.230.10%
173.National Specialty Hospitals, Inc., Senior Secured First Lien Delayed Draw Term Loan445,545446,658.410.10%
174.Taminco Global Chemical Corp., Senior Secured First Lien Term Loan384,615376,923.070.09%
175.Sheridan Production Partners LP, Senior Secured First Lien Term Loan [SPP I-M]324,819319,758.180.07%
176.Sequa Corp., Senior Secured First Lien Additional Term Loan320,270317,067.570.07%
177.U.S. Security Associates Holdings, Inc., Senior Secured First Lien Delayed Draw Term Loan203,750201,712.500.05%
178.Totes Isotoner Corp., Senior Secured First Lien Delayed Draw Term Loan186,563183,764.060.04%
Net Cash Equivalent & Other Assets Minus Liabilities 21,246,891.554.86%
 Total $437,601,821.21100.00%
Total Number of Holdings: 178

An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.

Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment. Therefore, before investing you should carefully consider the risks that you assume when you invest in the Fund's common shares.

The Fund's investment objectives and policies are not designed to seek to return the initial investment to investors that purchase shares.

Secured loan funds are a distinct segment of the fixed income market and are not an alternative to money markets or certificates of deposit.

Investors should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the fund. Please read the prospectus carefully before investing.

For a more complete information about the Fund, please read the prospectus , call your financial professional or call 1.877.876.1121.

Shares of closed-end investment companies frequently trade at a discount from their net asset value. The risk of loss due to this discount may be greater for investors expecting to sell their shares in a relatively short period. The Fund is newly organized with no operating history.

NOT FDIC INSURED | May Lose Value | No Bank Guarantee