<SEC-DOCUMENT>0001057861-16-000026.txt : 20160728
<SEC-HEADER>0001057861-16-000026.hdr.sgml : 20160728

<ACCEPTANCE-DATETIME>20160531100546

<PRIVATE-TO-PUBLIC>

ACCESSION NUMBER:		0001057861-16-000026

CONFORMED SUBMISSION TYPE:	N-CSR

PUBLIC DOCUMENT COUNT:		10

CONFORMED PERIOD OF REPORT:	20160331

FILED AS OF DATE:		20160531

DATE AS OF CHANGE:		20160531

EFFECTIVENESS DATE:		20160531


FILER:


	COMPANY DATA:	

		COMPANY CONFORMED NAME:			DREYFUS HIGH YIELD STRATEGIES FUND

		CENTRAL INDEX KEY:			0001057861

		IRS NUMBER:				134001109

		STATE OF INCORPORATION:			MA

		FISCAL YEAR END:			1231



	FILING VALUES:

		FORM TYPE:		N-CSR

		SEC ACT:		1940 Act

		SEC FILE NUMBER:	811-08703

		FILM NUMBER:		161684185



	BUSINESS ADDRESS:	

		STREET 1:		200 PARK AVENUE, 8TH FLOOR

		STREET 2:		THE DREYFUS CORPORATION

		CITY:			NEW YORK

		STATE:			NY

		ZIP:			10166

		BUSINESS PHONE:		2129226789



	MAIL ADDRESS:	

		STREET 1:		200 PARK AVENUE

		STREET 2:		THE DREYFUS CORPORATION

		CITY:			NEW YORK

		STATE:			NY

		ZIP:			10166



</SEC-HEADER>

<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>lp1-430.htm
<DESCRIPTION>ANNUAL REPORT
<TEXT>

<HTML>
<HEAD>
   <TITLE>lp1-430.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<A name="page_1"></A>

<a name="_bclPageBorder1"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 24pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C.&nbsp; 20549</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">FORM N-CSR</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT<BR>INVESTMENT COMPANIES</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 638pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="42%" colSpan=3>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Investment Company Act file number</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="58%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">811-08703</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="42%" colSpan=3>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="58%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="84%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Dreyfus High Yield Strategies Fund</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="84%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Exact name of Registrant as specified in charter)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="84%" colSpan=5>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="84%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">c/o The Dreyfus Corporation</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">200 Park Avenue</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">New York, New York&nbsp; 10166</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="84%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Zip code)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="84%" colSpan=5>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="84%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Bennett A. MacDougall, Esq.</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">200 Park Avenue</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">New York, New York&nbsp; 10166</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="84%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Name and address of agent for service)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="100%" colSpan=7>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="55%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Registrant's telephone number, including area code:&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="45%" colSpan=3>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(212) 922-6400</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="58%" colSpan=5>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" width="42%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="28%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Date of fiscal year end:</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="30%" colSpan=3>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">3/31</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" width="42%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="28%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Date of reporting period:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="30%" colSpan=3>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">3/31/16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" width="42%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR height=0>

   <TD width="8%">&nbsp;</TD>

   <TD width="20%">&nbsp;</TD>

   <TD width="14%">&nbsp;</TD>

   <TD width="13%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="34%">&nbsp;</TD>

   <TD width="8%">&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_2"></A>

<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">FORM N-CSR</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reports to Stockholders.</FONT></B></P>

<a name="_bclFooter2"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 20pt; FONT-WEIGHT: normal" color=#292526 face=arial>Dreyfus High Yield Strategies Fund</FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=2 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left">
   <IMG src="x16052713313500.jpg"></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #c0c0c0">

   <P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" color=#000000 face=arial>ANNUAL REPORT<BR></FONT></B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=arial>March 31, 2016</FONT></P></TD></TR></TABLE></DIV>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=2 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <IMG src="x16052713313501.jpg"></P></TD></TR></TABLE></DIV>

<P>&nbsp;</P>
<PAGE>

<DIV align=center>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=2 width="82%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BORDER-LEFT: #000000 0.5pt solid; BORDER-TOP: #000000 0.5pt solid; BORDER-RIGHT: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top" face="">Dreyfus High Yield Strategies Fund</FONT></B></P>

   <P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top" face="">Protecting Your Privacy<BR>Our Pledge to You</FONT></B></P>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 5.75pt"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top" face=bembo>THE FUND IS COMMITTED TO YOUR PRIVACY.</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=bembo> On this page, you will find the Fund&#8217;s policies and practices for collecting, disclosing, and safeguarding &#8220;nonpublic personal information,&#8221; which may include financial or other customer information. These policies apply to individuals who purchase Fund shares for personal, family, or household purposes, or have done so in the past. This notification replaces all previous statements of the Fund&#8217;s consumer privacy policy, and may be amended at any time. We&#8217;ll keep you informed of changes as required by law.</FONT></P>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 5.75pt"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top" face=bembo>YOUR ACCOUNT IS PROVIDED IN A SECURE ENVIRONMENT.</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=bembo> The Fund maintains physical, electronic and procedural safeguards that comply with federal regulations to guard nonpublic personal information. The Fund&#8217;s agents and service providers have limited access to customer information based on their role in servicing your account.</FONT></P>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 5.75pt"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top" face=bembo>THE FUND COLLECTS INFORMATION IN ORDER TO SERVICE AND ADMINISTER YOUR ACCOUNT. </FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=bembo>The Fund collects a variety of nonpublic personal information, which may include:</FONT></P>

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.7pt; MARGIN-LEFT: 19.7pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=bembo>&#8226;<FONT style="WORD-SPACING: 7.85pt">&nbsp;</FONT>Information we receive from you, such as your name, address, and social security number.</FONT></P>

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.7pt; MARGIN-LEFT: 19.7pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=bembo>&#8226;<FONT style="WORD-SPACING: 7.85pt">&nbsp;</FONT>Information about your transactions with us, such as the purchase or sale of Fund shares.</FONT></P>

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.7pt; MARGIN-LEFT: 19.7pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=bembo>&#8226;<FONT style="WORD-SPACING: 7.85pt">&nbsp;</FONT>Information we receive from agents and service providers, such as proxy voting information.</FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 5.75pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top" face=bembo>THE FUND DOES NOT SHARE NONPUBLIC PERSONAL INFORMATION WITH ANYONE, EXCEPT AS PERMITTED BY LAW.</FONT></B></P>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 5.75pt"><B><I><FONT style="FONT-SIZE: 10pt; VERTICAL-ALIGN: top" face=bembo>Thank you for this opportunity to serve you.</FONT></I></B></P></TD></TR></TABLE></DIV>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=2 width="77%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face="">The views expressed in this report reflect those of the portfolio manager only through the end of the period covered and do not necessarily represent the views of Dreyfus or any other person in the Dreyfus organization. Any such views are subject to change at any time based upon market or other conditions and Dreyfus disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Dreyfus fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Dreyfus fund.</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" face="">Not FDIC-Insured &#8226; Not Bank-Guaranteed &#8226; May Lose Value</FONT></P></TD></TR></TABLE></DIV>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: justify; MARGIN-LEFT: 108pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 28pt; FONT-WEIGHT: normal" face=arial>Contents</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">THE FUND</FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#1"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">A Letter from the President</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#1"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">2</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#2"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Discussion of Fund Performance</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#2"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">3</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#3"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Selected Information</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#3"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">5</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#4"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Statement of Investments</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#4"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">6</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#5"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Statement of Assets and Liabilities</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#5"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">16</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#6"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Statement of Operations</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#6"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">17</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#7"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Statement of Cash Flows</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#7"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">18</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#8"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Statement of Changes in Net Assets</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#8"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">19</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#9"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Financial Highlights</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#9"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">20</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#10"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Notes to Financial Statements</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#10"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">21</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#11"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face="">Report of Independent Registered</FONT></A></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Public Accounting Firm</FONT></FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#11"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">31</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#12"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Additional Information</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#12"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">32</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#13"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Important Tax Information</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#13"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">38</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#14"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Proxy Results</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#14"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">39</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#15"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face="">Information About the Renewal of</FONT></A></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">the Fund&#8217;s Management Agreement</FONT></FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#15"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">40</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#16"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Board Members Information</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#16"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">44</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#17"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Officers of the Fund</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#17"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">46</FONT></FONT></A></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt">
   <A href="#18"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Officers and Trustees</FONT></FONT></A></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <A href="#18"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">49</FONT></FONT></A></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">FOR MORE INFORMATION </FONT></P>

<DIV style="BORDER-BOTTOM: #000000 1pt solid; MARGIN-TOP: 12pt">

<DIV style="TEXT-ALIGN: left"><FONT style="WORD-SPACING: 1pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 1pt; FONT-WEIGHT: normal" face=""></FONT></FONT>&nbsp;</DIV></DIV>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 108pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">Back Cover</FONT></P>

<P>&nbsp;</P>
<PAGE>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=2 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle" color=#141414 face=arial><BR><FONT>Dreyfus High Yield Strategies Fund</FONT><BR></FONT></B></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 28pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" face=arial>The Fund</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left"><A name="1"></A><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>A LETTER FROM THE PRESIDENT</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#000000 face="">Dear Shareholder:</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=#000000 face="">We are pleased to present this annual report for Dreyfus High Yield Strategies Fund, covering the 12-month period from April 1, 2015 through March 31, 2016. For information about how the fund performed during the reporting period, as well as general market perspectives, we provide a Discussion of Fund Performance on the pages that follow.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=#000000 face="">The reporting period was a time of varied and, at times, conflicting economic influences. On one hand, the U.S. economy continued to grow as domestic labor markets posted significant gains, housing markets recovered, and lower fuel prices put cash in consumers&#8217; pockets. Indeed, these factors, along with low inflation, prompted the Federal Reserve Board in December 2015 to raise short-term interest rates for the first time in nearly a decade. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=#000000 face="">On the other hand, the global economy continued to disappoint, particularly in China and other emerging markets, where reduced industrial demand and declining currency values sparked substantial declines in commodity prices. These developments proved especially challenging for financial markets in August 2015 and January 2016, when stocks and high yield bonds fell sharply. However, riskier asset classes subsequently recovered a significant portion of their losses when investors&#8217; worst fears failed to materialize. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=#000000 face="">While we are encouraged that stabilizing commodity prices and continued strength in the U.S. economy have recently supported the financial markets, we expect market volatility to persist over the foreseeable future until global economic uncertainty abates. In addition, wide differences in underlying fundamental and technical influences across various asset classes, economic sectors, and regional markets suggest that selectivity may be an important determinant of investment success over the months ahead. We encourage you to discuss the implications of our observations with your financial advisor. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#000000 face="">Thank you for your continued confidence and support.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#000000 face="">Sincerely,</FONT></P>

<P style="TEXT-ALIGN: left">
<IMG src="x16052713313600.jpg"></P>

<P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#141414 face="">J. Charles Cardona<BR></FONT></FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#141414 face="">President<BR></FONT></FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#141414 face="">The Dreyfus Corporation<BR></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#141414 face="">April 15, 2016</FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>2</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>DISCUSSION OF FUND PERFORMANCE</FONT></P>

<P style="TEXT-ALIGN: left"><A name="2"></A></P>

<P style="TEXT-ALIGN: left"><I><FONT style="FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">For the period of April 1, 2015 through March 31, 2016, as provided by Chris Barris, Portfolio Manager</FONT></I></P>

<P style="TEXT-ALIGN: left"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt" face=arial>Fund and Market Performance Overview</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">For the 12-month period ended March 31, 2016, Dreyfus High Yield Strategies Fund produced a total return of -5.43% (on a net asset value basis) and provided aggregate income dividends of $0.348 per share.<FONT><SUP>1 </SUP></FONT>In comparison, the BofA Merrill Lynch U.S. High Yield Master II Constrained Index (the &#8220;Index&#8221;), the fund&#8217;s benchmark, achieved a total return of -3.96% for the same period.<FONT><SUP>2</SUP></FONT></FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">High yield bonds lost value over the reporting period amid falling commodity prices and intensifying global economic concerns. The fund lagged its benchmark, mainly due to shortfalls in the telecommunications, services and industrials sectors. </FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt" face=arial>The Fund&#8217;s Investment Approach </FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">The fund primarily seeks high current income. The fund also seeks capital growth as a secondary objective, to the extent consistent with its objective of seeking high current income. The fund invests primarily in income securities of U.S issuers rated below-investment-grade credit quality. Issuers of below-investment-grade securities may include companies in early stages of development and companies with a highly leveraged financial structure. To compensate investors for taking on greater risk, such companies typically must offer higher yields than those offered by more established or conservatively financed companies.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt" face=arial>Flight to Safety Hurt Lower Rated Corporate Bonds</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">The Index&#8217;s moderately negative total return for the reporting period masked heightened market volatility over the past year. Despite a sustained U.S. economic recovery, worries about economic instability in overseas markets undermined investor sentiment. An economic slowdown in China and sharply falling commodity prices triggered a flight to traditional safe havens over the summer of 2015, hurting riskier corporate bonds while sending prices of high-quality U.S. government securities higher and their yields lower. Market volatility continued during the fall when investor sentiment fluctuated between concerns about troubling global economic conditions and optimism regarding robust job growth and other positive developments in the United States. Expectations that the Federal Reserve Board would begin to raise short-term interest rates for the first time in nearly 10 years, as indeed it did in December, also contributed to heightened market turbulence. </FONT></P>
<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">The high yield bond market encountered additional volatility in January 2016 in response to more disappointing economic data from China and declines in crude oil prices to multi-year lows. The market downturn was particularly severe for energy producers and metals-and-mining companies, some of which declared bankruptcy. The broader high yield bond market fared better from mid-February through the reporting period&#8217;s end, rallying when crude oil prices began to improve, central banks in overseas markets further eased their monetary policies, and investor demand for attractively valued high yield bonds increased. The market rebound enabled the Index to erase a significant portion of its previous declines and end the reporting period with a relatively moderate loss. </FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt" face=arial>Some Security Selections Dampened Fund Results</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">The fund&#8217;s performance compared to its benchmark was undermined to a degree by a handful of disappointing credit selections. Laggards during the reporting period included satellite providers in the telecommunications sector. In addition, equipment rental companies in the industrials </FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>3</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>DISCUSSION OF FUND PERFORMANCE </FONT><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>(continued)</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">sector struggled with reduced demand from oil-and-gas producers. The fund&#8217;s leveraging strategy magnified these shortfalls. We reduced the extent of the fund&#8217;s borrowing during the worst of the market downturn, but we later increased it to participate more fully in the rebound. Nonetheless, leverage ended the reporting period at a lower level than where it began.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">The fund achieved better relative results during the reporting period in other areas. Most notably, underweighted exposure to oil-and-gas and metals producers helped cushion the impact of these industries&#8217; steep declines. In addition, strong security selections in the energy and metals-and-mining sectors proved beneficial, as we focused on issuers that proved able to withstand the downturn in commodities prices. Indeed, the fund did not hold any of the companies that defaulted on their debt obligations during the reporting period. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">An overweighted position in the gaming sector also helped support relative results. Casinos in the United States proved relatively insensitive to global economic worries, and many benefited from increased customer traffic as fuel costs moderated. In the information technology sector, several software developers contributed positively to relative performance. </FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt" face=arial>Maintaining a Selective Investment Posture</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">We currently expect the domestic economy to continue to grow, and we have been encouraged by recently improving energy prices. Still, market volatility seems likely to remain elevated in the midst of ongoing global economic uncertainty and softening corporate earnings. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">Therefore, as of the reporting period&#8217;s end, we have retained a selective investment posture. We have maintained underweighted exposure to commodities-related issuers that could be hurt by renewed declines in energy prices, and we have identified relatively few opportunities meeting our investment criteria among retailers. In contrast, we have adopted a more constructive posture among industry groups that tend to be less sensitive to commodity prices, including overweighted positions in the packaging, telecommunications, and health care sectors. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face="">April 15, 2016</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Bond funds are subject generally to interest rate, credit, liquidity, and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines. High yield bonds are subject to increased credit risk and are considered speculative in terms of the issuer&#8217;s perceived ability to continue making interest payments on a timely basis and to repay principal upon maturity. The use of leverage may magnify the fund&#8217;s gains or losses. For derivatives with a leveraging component, adverse changes in the value or level of the underlying asset can result in a loss that is much greater than the original investment in the derivative. </FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">1</FONT></I></SUP></FONT><FONT><SUP><FONT style="WORD-SPACING: 8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT></SUP></FONT><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Total return includes reinvestment of dividends and any capital gains paid, based upon net asset value per share. Past performance is no guarantee of future results. Share price, yield, and investment return fluctuate such that upon redemption, fund shares may be worth more or less than their original cost. </FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">2</FONT></I></SUP></FONT><FONT><SUP><FONT style="WORD-SPACING: 8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT></SUP></FONT><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">SOURCE: FACTSET &#8212; Reflects reinvestment of dividends and, where applicable, capital gain distributions. On September 25, 2009, the Merrill Lynch U.S. High Yield Master II Constrained Index was renamed the BofA Merrill Lynch U.S. High Yield Master II Constrained Index (the &#8220;Index&#8221;). The Index is an unmanaged performance benchmark composed of U.S. dollar-denominated domestic and Yankee bonds rated below investment grade with at least $100 million par amount outstanding and at least one year remaining to maturity. Bonds are capitalization-weighted. Total allocations to an issuer are capped at 2%. Investors cannot invest directly in any index.</FONT></I></P>
<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>4</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>SELECTED INFORMATION</FONT></P>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>March 31, 2016 (Unaudited)</FONT></P>

<P style="TEXT-ALIGN: left"><A name="3"></A></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 2.25pt solid" colSpan=11><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=5>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 3.6pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Market Price per share March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>$3.13 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=5>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 3.6pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Shares Outstanding March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>72,642,245 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=5>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 3.6pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>New York Stock Exchange Ticker Symbol</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>DHF</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=7>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 3.6pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>MARKET PRICE (NEW YORK STOCK EXCHANGE)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: center"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Fiscal Year Ended March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Quarter</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3 align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Quarter</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3 align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Quarter</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Quarter</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Ended</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3 align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Ended</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3 align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Ended</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Ended</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9" align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>June 30, 2015</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=3 align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>September 30, 2015</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=3 align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>December 31, 2015</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9" align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>March 31, 2016</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>High</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>$3.71</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>$3.40</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>$3.29</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>$3.19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Low</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.29</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.06</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2.80</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2.72</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Close</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.34</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.06</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.08</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 3.6pt"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>PERCENTAGE GAIN (LOSS) </FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>based on change in Market Price<FONT><SUP>&#8224;</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>April 29, 1998 (commencement of operations) through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>70.70%</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>April 1, 2006 through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>120.74</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>April 1, 2011 through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12.51</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>April 1, 2015 through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(4.44)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>July 1, 2015 through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.91</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>October 1, 2015 through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.27</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>January 1, 2016 through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.59</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>NET ASSET VALUE PER SHARE</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>April 29, 1998 (commencement of operations)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>$15.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>March 31, 2015</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.84</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>June 30, 2015</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.77</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>September 30, 2015</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.46</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>December 31, 2015</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.26</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 3.6pt"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>PERCENTAGE (LOSS) </FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>based on change in Net Asset Value<FONT><SUP>&#8224;</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>April 29, 1998 (commencement of operations) through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>77.73%</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>April 1, 2006 through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>101.85</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>April 1, 2011 through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>28.71</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>April 1, 2015 through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(5.43)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>July 1, 2015 through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(6.00)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>October 1, 2015 through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(0.31)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8>

   <P style="TEXT-ALIGN: left; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>January 1, 2016 through March 31, 2016</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.16</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=11><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=11>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">&#8224;</FONT></I></SUP></FONT><I><FONT style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">With dividends reinvested.</FONT></I></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>5</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>STATEMENT OF INVESTMENTS<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>March 31, 2016</FONT></P>

<P style="TEXT-ALIGN: left"><A name="4"></A></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 2.25pt solid" colSpan=11><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Bonds and Notes - 141.7% </FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Coupon Rate (%)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Maturity<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Date</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Principal<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Amount ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>a</FONT></SUP></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria> </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=6>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Casinos - 9.5% </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Boyd Gaming,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/1/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,330,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,469,800</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Boyd Gaming,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,075,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,150,250</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Boyd Gaming,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/1/26</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,455,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,516,837</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>International Game Technology,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,750,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,789,025</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>MGM Resorts International,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/1/18</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6,310,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7,322,124</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>MGM Resorts International,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>740,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>826,950</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Peninsula Gaming,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/15/18</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>525,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>536,813</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Pinnacle Entertainment,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,095,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,136,063</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Pinnacle Entertainment,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,695,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,764,919</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Scientific Games International,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4,915,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4,005,725</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=8><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>22,518,506</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=6>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Consumer Discretionary - 19.8% </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>American Builders &amp; Contractors Supply,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>895,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>933,038</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Beacon Roofing Supply,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/1/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>805,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>857,325</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Brookfield Residential Properties,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,250,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,200,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Cablevision Systems,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/15/17</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,675,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,835,500</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>CalAtlantic Group,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/15/18</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,025,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,262,937</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>CCO Holdings,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1/31/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,945,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,106,975</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>CCO Holdings,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/1/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>640,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>665,600</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>CCO Holdings,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/1/24</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>745,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>782,250</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Cequel Communications Holdings I,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,690,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,681,550</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>ClubCorp Club Operations,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,575,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,512,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>DriveTime Automotive Group,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/1/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,185,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,030,950</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Ferrellgas Partners,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,785,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,590,050</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Gray Television,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/1/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>975,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,033,500</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Hillman Group,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,265,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,062,600</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>iHeartCommunications,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/15/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,865,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,387,094</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>6</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="WIDTH: 624px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 8px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 8px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 100px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 99px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 8px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 8px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 8px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 125px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 8px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 16px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 108px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 16px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 125px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 8px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 8px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1341px; BORDER-TOP: #000000 2.25pt solid" colSpan=19><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 634px" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Bonds and Notes - 141.7% (continued)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 8px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 201px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Coupon Rate (%)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 146px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Maturity<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Date</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 26px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Principal<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Amount ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 16px">

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>a</FONT></SUP></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria> </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1004px" colSpan=9>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Consumer Discretionary - 19.8% (continued)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Midcontinent Communications &amp; Midcontinent Finance,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,155,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,201,200</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>MPG Holdco I,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,730,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,721,350</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Neiman Marcus Group,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,890,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,465,922</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Nexstar Broadcasting,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,615,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,683,637</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>RCN Telecom Services,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,805,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,815,519</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Rite Aid,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,860,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,969,275</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Schaeffler Holding Finance,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>610,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>666,425</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Sinclair Television Group,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/1/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,600,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,696,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>StoneMor Partners,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/1/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,540,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,559,952</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>TI Group Automotive Systems,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,200,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,158,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Townsquare Media,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/1/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,285,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,236,812</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>United Rentals North America,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,800,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,926,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Univision Communications,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,020,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,086,300</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Wave Holdco,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/15/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,175,625</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,152,113</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>William Lyon Homes,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,585,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,665,352</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1153px" colSpan=13><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 166px" colSpan=4>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>46,945,226</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1004px" colSpan=9>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Consumer Staples - 4.7% </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Albea Beauty Holdings,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/1/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,040,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,214,800</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Bakkavor Finance 2,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>GBP</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>975,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,509,040</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>New Albertsons,<BR>Sr. Unscd. Bonds</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/1/31</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>540,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>513,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Pinnacle Operating,<BR>Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>985,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>854,488</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Post Holdings,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,815,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,926,169</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Post Holdings,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/15/25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,310,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,460,650</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>RSI Home Products,<BR>Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,460,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,529,350</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1153px" colSpan=13><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 166px" colSpan=4>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>11,007,497</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1004px" colSpan=9>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Energy - 5.6% </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Bonanza Creek Energy,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>505,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>143,925</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Carrizo Oil &amp; Gas,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,615,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,451,562</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 624px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Continental Resources,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 120px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 109px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>880,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 39px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>740,300</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 18px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>7</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>STATEMENT OF INVESTMENTS (continued)</FONT></I></FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="WIDTH: 516px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 13px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 113px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 113px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 142px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 18px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 122px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 16px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 19px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 141px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1337px; BORDER-TOP: #000000 2.25pt solid" colSpan=19><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 531px" colSpan=2 align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Bonds and Notes - 141.7% (continued)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 9px" align=right><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 228px" colSpan=2 align=right>

   <P align=right><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Coupon Rate (%)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2 align=right><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 165px" colSpan=3 align=right>

   <P align=right><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Maturity<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Date</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 30px" colSpan=2 align=right><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 140px" colSpan=2 align=right>

   <P align=right><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Principal<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Amount ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px" align=right>

   <P style="TEXT-ALIGN: left" align=right><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>a</FONT></SUP></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria> </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 153px" colSpan=2 align=right>

   <P align=right><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 951px" colSpan=9 align=right>

   <P align=right><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Energy - 5.6% (continued)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2 align=right><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2 align=right><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3 align=right><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px" align=right><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Continental Resources,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.80</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/1/24</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>610,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>484,950</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Energy Transfer Equity,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,800,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,741,500</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Forum Energy Technologies,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/1/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,465,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,267,225</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Genesis Energy,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,900,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,767,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Matador Resources,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,050,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,010,625</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Rice Energy,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>605,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>529,375</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>RSP Permian,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>920,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>910,800</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Sanchez Energy,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>935,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>553,988</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Targa Resources Partners,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/1/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,005,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>989,925</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Whiting Petroleum,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/15/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>410,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>285,975</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Whiting Petroleum,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>545,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>365,150</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1119px" colSpan=13><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 192px" colSpan=4>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>13,242,300</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 951px" colSpan=9>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Financials - 19.2% </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Ally Financial,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>860,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>954,600</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Ally Financial,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/1/31</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,275,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,604,875</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Argos Merger Sub,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,645,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,818,247</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Ashton Woods USA/Finance,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,320,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,089,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Cabot Financial,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>GBP</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/1/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>475,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>699,804</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Communications Sales &amp; Leasing,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,985,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,846,050</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Consolidated Energy Finance,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/15/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,081,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,035,058</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Garfunkelux Holdco 2,<BR>Sr. Scd. Bonds</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>GBP</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/1/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,045,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,815,965</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Hub Holdings,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/15/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,640,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,442,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>HUB International,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/1/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,175,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,160,313</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>International Lease Finance,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/1/17</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,675,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,805,650</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>International Lease Finance,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,195,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,742,144</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>International Lease Finance,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,255,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,513,844</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>KCG Holdings,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,175,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,016,375</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Ladder Capital Finance Holdings,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/1/17</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,100,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,097,250</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Lloyds Bank,<BR>Sub. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>GBP</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/16/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,385,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 49px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>d</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,629,861</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>8</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="WIDTH: 516px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 13px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 113px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 113px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 142px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 18px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 122px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 19px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 141px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1330px; BORDER-TOP: #000000 2.25pt solid" colSpan=19><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 531px" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Bonds and Notes - 141.7% (continued)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 9px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 228px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Coupon Rate (%)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 165px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Maturity<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Date</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 30px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 133px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Principal<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Amount ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px">

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>a</FONT></SUP></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria> </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 153px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 963px" colSpan=10>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Financials - 19.2% (continued)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 30px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 133px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 153px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Lloyds Bank,<BR>Sub. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>EUR</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/16/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>690,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>d</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>846,907</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Lloyds Banking Group,<BR>Jr. Sub. Bonds</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/30/49</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>707,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>d</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>701,627</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Navient,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.45</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/15/18</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,675,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,875,625</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Provident Funding Associates,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,205,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,100,262</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Royal Bank of Scotland,<BR>Sub. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/16/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,530,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>d</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,621,257</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Royal Bank of Scotland Group,<BR>Jr. Sub. Bonds</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/29/49</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,920,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>d</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,835,520</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Solera Finance,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/1/24</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,690,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,702,675</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>USI,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,355,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,363,831</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>York Risk Services Holding,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,930,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,242,437</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1119px" colSpan=13><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 185px" colSpan=4>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>45,561,177</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 951px" colSpan=9>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Health Care - 15.9% </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Auris Luxembourg II,<BR>Sr. Unscd. Bonds</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>EUR</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,165,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,459,415</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Auris Luxembourg II,<BR>Sr. Unscd. Bonds</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>EUR</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>530,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>663,940</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Capsugel,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/15/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,775,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,787,203</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Centene Escrow,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>565,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>590,425</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Centene Escrow,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/15/24</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>565,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>596,075</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>CHS/Community Health Systems,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/15/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,900,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,859,625</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>CHS/Community Health Systems,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,145,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,039,088</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Concordia Healthcare,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/21/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>870,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>846,075</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>ConvaTec Finance International,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1/15/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,660,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,639,412</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Endo Finance,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>815,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>771,194</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>HCA,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5,470,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6,222,125</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>IASIS Healthcare,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/15/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,405,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,392,706</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Jaguar Holding Co. II,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/1/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,225,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,260,892</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>JLL/Delta Dutch Pledgeco,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/1/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,794,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,753,635</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Kindred Healthcare,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,515,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,378,794</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>LifePoint Health,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/1/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>290,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>303,775</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Prestige Brands,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/1/24</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>890,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>932,275</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 516px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Tenet Healthcare,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/1/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>390,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 42px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,d</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>387,563</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>9</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>STATEMENT OF INVESTMENTS (continued)</FONT></I></FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="WIDTH: 519px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 113px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 113px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 142px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 18px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 123px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 1px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 19px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 141px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1323px; BORDER-TOP: #000000 2.25pt solid" colSpan=19><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 531px" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Bonds and Notes - 141.7% (continued)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 9px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 228px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Coupon Rate (%)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 165px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Maturity<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Date</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 30px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Principal<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Amount ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px">

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>a</FONT></SUP></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria> </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 153px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 963px" colSpan=10>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Health Care - 15.9% (continued)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 30px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 126px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 153px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Tenet Healthcare,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5,355,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5,535,731</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Valeant Pharmaceuticals International,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,940,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,302,193</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1120px" colSpan=13><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 177px" colSpan=4>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>37,722,141</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 951px" colSpan=9>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Industrials - 13.3% </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Acosta,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,175,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,092,750</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Advanced Disposal Services,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/1/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,930,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,002,957</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Ahern Rentals,<BR>Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,265,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,574,175</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>ATS Automation Tooling Systems,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>885,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>912,656</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Bombardier,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>425,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>367,625</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Bombardier,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/15/25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>745,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>569,925</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Cemex,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/15/18</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,795,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,904,944</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Cemex,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/16/26</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,310,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,345,894</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Cemex Espana,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/30/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>725,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>765,600</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>DPx Holdings,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,990,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,987,512</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Galapagos Holding,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>EUR</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>700,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>730,420</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Gardner Denver,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,095,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>900,638</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Gates Global,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,185,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,019,100</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>H&amp;E Equipment Services,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>750,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>765,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>HD Supply,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,725,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4,151,047</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Mobile Mini,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/1/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>945,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>980,438</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Navios Maritime Acquisition,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>475,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>317,063</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Navios South American Logistics,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>545,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>354,250</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Nortek,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,570,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,636,725</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Reliance Intermediate Holdings,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/1/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,038,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,106,782</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>XPO Logistics,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,815,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,771,894</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>XPO Logistics,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/1/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>950,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>988,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 519px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Zachry Holdings,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 136px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/1/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,300,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 34px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,254,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1120px" colSpan=13><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 177px" colSpan=4>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>31,499,395</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>10</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="WIDTH: 517px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 13px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 112px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 113px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 142px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 19px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 122px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 24px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 142px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1338px; BORDER-TOP: #000000 2.25pt solid" colSpan=19><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 532px" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Bonds and Notes - 141.7% (continued)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 10px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 227px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Coupon Rate (%)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 165px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Maturity<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Date</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 31px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 148px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Principal<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Amount ($)<SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria> </FONT></SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 10px">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>

   <P></P>

   <P style="TEXT-ALIGN: left"><SUP><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>a</FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria> </FONT></SUP></P></FONT></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 153px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 953px" colSpan=9>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Information Technology - 4.9% </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Ensemble S Merger Sub,<BR>Sr. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/30/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,030,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,997,012</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>First Data,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/1/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4,450,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4,511,187</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Infor Software Parent,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/1/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,410,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,813,525</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Infor US,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,335,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,221,525</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Riverbed Technology,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/1/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,075,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b,c</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,075,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1121px" colSpan=13><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 191px" colSpan=4>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>11,618,249</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 953px" colSpan=9>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Materials - 19.3% </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>ArcelorMittal,<BR>Sr. Unscd. Bonds</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10.85</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/1/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4,473,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b,d</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5,020,942</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Ardagh Finance Holdings,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/15/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,288,668</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b,c</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,220,008</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Ardagh Packaging Finance,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,000,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b,c</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,061,250</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Ardagh Packaging Finance,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>EUR</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,625,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,936,932</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Axalta Coating Systems/Dutch,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/1/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,625,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b,c</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,789,062</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Boise Cascade,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/1/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>985,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>987,463</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>BWAY Holding,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5,750,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b,c</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5,160,625</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Eco Services Operations,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>720,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b,c</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>666,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Freeport-McMoRan,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.55</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,435,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,008,088</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Freeport-McMoRan,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,205,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>822,413</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Global Brass &amp; Copper,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/1/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,655,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,754,300</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Hexion,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/1/18</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>220,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>151,800</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Hexion,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,125,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,015,313</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Horizon Holdings I,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>EUR</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/1/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>570,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>685,332</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>INEOS Group Holdings,<BR>Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/15/18</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,300,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,326,806</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>INEOS Group Holdings,<BR>Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>EUR</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/15/18</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>750,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>874,289</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Mercer International,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,620,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,623,275</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Platform Specialty Products,<BR>Sr. Unscd. Bonds</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/1/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,295,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,226,150</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Ply Gem Industries,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>435,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>428,475</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Reynolds Group,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/15/18</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,375,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,d</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,376,719</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Reynolds Group,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/15/19</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,765,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,866,959</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 517px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Sappi Papier Holding,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 139px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/15/17</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 143px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>730,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 47px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>768,325</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>11</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>STATEMENT OF INVESTMENTS (continued)</FONT></I></FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="WIDTH: 513px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 16px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 113px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 113px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 9px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 142px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 18px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 125px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 0px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 19px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 141px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 10px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1324px; BORDER-TOP: #000000 2.25pt solid" colSpan=19><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 531px" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Bonds and Notes - 141.7% (continued)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 9px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 228px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Coupon Rate (%)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 165px" colSpan=3>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Maturity<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Date</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 30px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 127px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Principal<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Amount ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px">

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>a</FONT></SUP></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria> </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 153px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 963px" colSpan=10>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Materials - 19.3% (continued)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 30px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 127px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 19px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 153px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Signode Industrial Group,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,520,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,302,650</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Summit Materials,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,030,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,068,625</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Trinseo Materials Operating,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,450,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,453,625</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Tronox Finance,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,110,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>858,863</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Univar,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,200,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,177,500</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 1122px" colSpan=13><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 176px" colSpan=4>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>45,631,789</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 951px" colSpan=9>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Telecommunications - 23.7% </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Alcatel-Lucent USA,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.45</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/15/29</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,295,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,449,912</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Altice,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,330,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,304,556</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Altice,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/15/25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,500,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,440,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Altice Finco,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/15/25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>210,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>202,125</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Altice Finco,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,000,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,160,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Altice Finco,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1/15/24</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,900,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b,c</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,890,500</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>CenturyLink,<BR>Sr. Unscd. Notes, Ser. W</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>12/1/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,900,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,807,375</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Cincinnati Bell,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,025,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,045,500</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>CPI International,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/15/18</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>410,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>b,d</FONT></SUP></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>402,825</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Digicel Group,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/30/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,175,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,738,437</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Digicel Group,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,425,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,114,920</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>DISH DBS,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/1/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,450,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,570,750</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Frontier Communications,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,605,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,679,894</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Frontier Communications,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/15/25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,190,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,217,912</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Hughes Satellite Systems,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,510,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,926,812</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Neptune Finco,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10.13</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,825,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,029,812</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Neptune Finco,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/15/25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>350,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>379,278</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Sable International Finance,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8/1/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,220,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,226,100</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Sable International Finance,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/1/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,845,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,937,250</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Sprint,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>501,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>385,665</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Sprint Capital,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/15/32</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>800,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>630,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 513px">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Sprint Communications,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 125px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 21px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 142px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/15/18</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 145px" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>650,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 33px" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 141px">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>684,125</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; WIDTH: 22px" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>12</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 2.25pt solid" colSpan=16><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Bonds and Notes - 141.7% (continued)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Coupon Rate (%)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Maturity<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Date</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Principal<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Amount ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>a</FONT></SUP></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria> </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=7>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Telecommunications - 23.7% (continued)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Sprint Communications,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5,325,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4,765,875</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>T-Mobile USA,<BR>Gtd. Bonds</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/28/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,000,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,050,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>T-Mobile USA,<BR>Gtd. Bonds</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.73</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/28/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,000,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,049,800</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>T-Mobile USA,<BR>Gtd. Bonds</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.84</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/28/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,840,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,010,400</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>T-Mobile USA,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.00</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/15/24</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>765,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>776,475</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Wind Acquisition Finance,<BR>Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4/23/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,550,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,320,500</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Windstream Services,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/15/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>975,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>843,375</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Windstream Services,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.75</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10/1/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,375,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,128,359</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=10><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=4>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>56,168,532</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=6>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Utilities - 5.8% </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Calpine,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1/15/23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,719,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b,c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,830,735</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Dynegy,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11/1/24</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,745,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,417,312</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>NRG Energy,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5/15/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,317,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,321,146</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>NRG Energy,<BR>Gtd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7/15/22</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,010,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>944,350</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Talen Energy Supply,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/1/25</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,295,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,916,325</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Viridian Group Fundco II,<BR>Sr. Scd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>EUR</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.50</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3/1/20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,390,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,660,769</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Williams Cos.,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7.88</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9/1/21</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>485,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>b</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>450,923</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Williams Cos.,<BR>Sr. Unscd. Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4.55</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6/24/24</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>175,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>133,875</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=10><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=4>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>13,675,435</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=6>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Total Bonds and Notes</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria><BR>(cost $345,955,344)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=6>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>335,590,247</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Preferred Stocks - 1.0%</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=6>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Financials - 1.0% </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>GMAC Capital Trust I,<BR>Ser. 2<BR>(cost $2,492,932)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>6.40</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2/15/40</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>98,738</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>d</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>2,420,068</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>13</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>STATEMENT OF INVESTMENTS (continued)</FONT></I></FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 2.25pt solid" colSpan=11><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Other Investment - 1.6%</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Shares</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=6>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Registered Investment Company; </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Dreyfus Institutional Preferred Plus Money Market Fund<BR>(cost $3,785,781)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,785,781</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria><SUP>e</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>3,785,781</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Total Investments </FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>(cost $352,234,057)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=5><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>144.3%</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>341,796,096</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Liabilities, Less Cash and Receivables</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=5><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>(44.3%)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>(104,852,048)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Net Assets</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=5><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>100.0%</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>236,944,048</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">a</FONT></I></SUP></FONT><FONT style="WORD-SPACING: 6.4pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Principal amount stated in U.S. Dollars unless otherwise noted.</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">EUR&#8212;Euro </FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">GBP&#8212;British Pound </FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="WORD-SPACING: 6.4pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=""></FONT></I></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">b</FONT></I></SUP></FONT><FONT style="WORD-SPACING: 6.4pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Security, or portion thereof, on collateral for Revolving Credit and Security Agreement.</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">c</FONT></I></SUP></FONT><FONT style="WORD-SPACING: 6.4pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2016, these securities were valued at $151,095,503 or 63.77% of net assets.</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">d</FONT></I></SUP></FONT><FONT style="WORD-SPACING: 6.4pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Variable rate security&#8212;rate shown is the interest rate in effect at period end.</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">e</FONT></I></SUP></FONT><FONT style="WORD-SPACING: 6.4pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Investment in affiliated money market mutual fund.</FONT></I></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 2.25pt solid">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Portfolio Summary (Unaudited) <FONT><SUP>&#8224;</SUP></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 2.25pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value (%)</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Corporate Bonds</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>141.7</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Money Market Investment</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.6</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Preferred Stocks</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.0</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>144.3</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&#8224;</FONT></I></SUP></FONT><FONT><SUP><FONT style="WORD-SPACING: 8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT></SUP></FONT><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Based on net assets.</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">See notes to financial statements.</FONT></I></P>

<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>14</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=2 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1.5pt solid" colSpan=4><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=4>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top" face=arial>Summary of Abbreviations</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=4><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>ABAG</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Association of Bay Area<BR>Governments</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>ACA</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>American Capital Access</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>AGC</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>ACE Guaranty Corporation</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>AGIC</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Asset Guaranty Insurance Company</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>AMBAC</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>American Municipal Bond <BR>Assurance Corporation</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>ARRN</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Adjustable Rate <BR>Receipt Notes</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>BAN</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Bond Anticipation Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>BPA</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Bond Purchase Agreement</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>CIFG</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>CDC Ixis Financial Guaranty</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>COP</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Certificate of Participation</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>CP</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Commercial Paper</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>DRIVERS</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Derivative Inverse <BR>Tax-Exempt Receipts</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>EDR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Economic Development<BR>Revenue</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>EIR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Environmental Improvement<BR>Revenue</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>FGIC</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Financial Guaranty<BR>Insurance Company</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>FHA</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Federal Housing Administration</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>FHLB</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Federal Home <BR>Loan Bank</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>FHLMC</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Federal Home Loan Mortgage <BR>Corporation</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>FNMA</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Federal National <BR>Mortgage Association</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>GAN</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Grant Anticipation Notes</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>GIC</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Guaranteed Investment <BR>Contract</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>GNMA</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Government National Mortgage <BR>Association</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>GO</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>General Obligation</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>HR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Hospital Revenue</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>IDB</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Industrial Development Board</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>IDC</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Industrial Development Corporation</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>IDR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Industrial Development <BR>Revenue</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>LIFERS</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Long Inverse Floating <BR>Exempt Receipts</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>LOC</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Letter of Credit</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>LOR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Limited Obligation Revenue</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>LR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Lease Revenue</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>MERLOTS</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Municipal Exempt Receipts <BR>Liquidity Option Tender</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>MFHR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Multi-Family Housing Revenue</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>MFMR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Multi-Family Mortgage Revenue</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>PCR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Pollution Control Revenue</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>PILOT</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Payment in Lieu of Taxes</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>P-FLOATS</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Puttable Floating Option <BR>Tax-Exempt Receipts</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>PUTTERS</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Puttable Tax-Exempt Receipts</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>RAC</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Revenue Anticipation Certificates</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>RAN</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Revenue Anticipation Notes</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>RAW</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Revenue Anticipation Warrants</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>RIB</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Residual Interest Bonds</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>ROCS</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Reset Options Certificates</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>RRR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Resources Recovery Revenue</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>SAAN</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>State Aid Anticipation Notes</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>SBPA</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Standby Bond Purchase Agreement</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>SFHR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Single Family Housing Revenue</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>SFMR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Single Family Mortgage Revenue</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>SONYMA</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>State of New York <BR>Mortgage Agency</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>SPEARS</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Short Puttable Exempt <BR>Adjustable Receipts</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>SWDR</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Solid Waste Disposal Revenue</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>TAN</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Tax Anticipation Notes</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>TAW</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Tax Anticipation Warrants</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>TRAN</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>Tax and Revenue Anticipation Notes</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top" face=arial>XLCA</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=arial>XL Capital Assurance</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">See notes to financial statements.</FONT></I></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>15</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>STATEMENT OF ASSETS AND LIABILITIES</FONT></P>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>March 31, 2016</FONT></P>

<P style="TEXT-ALIGN: left"><A name="5"></A></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1.5pt solid">

   <P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1.5pt solid">

   <P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1.5pt solid">

   <P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1.5pt solid" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1.5pt solid" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Cost</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Assets ($): </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Investments in securities&#8212;See Statement of Investments:</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Unaffiliated issuers</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>348,448,276 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>338,010,315 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Affiliated issuers</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,785,781 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,785,781 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Cash</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>91,351 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Cash denominated in foreign currency </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,790,136 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,657,937 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Dividends and interest receivable</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7,481,598 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Receivable for investment securities sold</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,112,557 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Prepaid expenses</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>275,975 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>353,415,514 </FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Liabilities ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Due to The Dreyfus Corporation and affiliates&#8212;Note 3(b)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>241,299 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Loan payable&#8212;Note 2</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>110,000,000 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Payable for investment securities purchased </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,477,822 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Dividends payable</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,106,625 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Unrealized depreciation on forward foreign <BR>currency exchange contracts&#8212;Note 4</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>355,418 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Interest and loan fees payable&#8212;Note 2</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>126,164 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Accrued expenses</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>164,138 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>116,471,466 </FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Net Assets ($)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>236,944,048 </FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Composition of Net Assets ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Paid-in capital </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>335,429,856 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Accumulated undistributed investment income&#8212;net</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>74,107 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Accumulated net realized gain (loss) on investments</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(87,636,090)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Accumulated net unrealized appreciation (depreciation) <BR>on investments and foreign currency transactions</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(10,923,825)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Net Assets ($)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>236,944,048 </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=4>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Shares Outstanding</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=4>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(unlimited number of $.001 par value shares of Beneficial Interest authorized)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>72,642,245 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=4>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Net Asset Value Per Share ($)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>3.26</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left">&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">See notes to financial statements.</FONT></I></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>16</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>STATEMENT OF OPERATIONS<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>Year Ended March 31, 2016</FONT></P>

<P style="TEXT-ALIGN: left"><A name="6"></A></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1pt solid">

   <P style="TEXT-ALIGN: center"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: center"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Investment Income ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: center"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Income:</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: center"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Interest</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>26,686,647 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Dividends:</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Unaffiliated issuers</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>200,562 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Affiliated issuers</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11,719 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Total Income</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>26,898,928 </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Expenses:</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Management fee&#8212;Note 3(a)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,788,604 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Interest expense&#8212;Note 2</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1,622,986 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Professional fees</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>151,435 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Shareholders&#8217; reports</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>67,277 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Registration fees</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>63,670 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Trustees&#8217; fees and expenses&#8212;Note 3(c)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>53,133 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Custodian fees&#8212;Note 3(b)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>40,979 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Shareholder servicing costs</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>17,197 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Loan commitment fees&#8212;Note 2</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4,246 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Miscellaneous</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>69,357 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Total Expenses</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>4,878,884 </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Investment Income&#8212;Net</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>22,020,044 </FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=5>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Realized and Unrealized Gain (Loss) on Investments&#8212;Note 4 ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=5>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Net realized gain (loss) on investments and foreign currency transactions</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(22,966,358)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=5>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Net realized gain (loss) on forward foreign currency exchange contracts</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>80,046 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Net Realized Gain (Loss)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(22,886,312)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Net unrealized appreciation (depreciation) on investments <BR>and foreign currency transactions</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(16,121,792)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Net unrealized appreciation (depreciation) on <BR>forward foreign currency exchange contracts</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(96,351)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Net Unrealized Appreciation (Depreciation)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(16,218,143)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Net Realized and Unrealized Gain (Loss) on Investments</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(39,104,455)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=4>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Net (Decrease) in Net Assets Resulting from Operations</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(17,084,411)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">See notes to financial statements.</FONT></I></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>17</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>STATEMENT OF CASH FLOWS<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>Year Ended March 31, 2016</FONT></P>

<P style="TEXT-ALIGN: left"><A name="7"></A></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 2.25pt solid"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 2.25pt solid"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 2.25pt solid"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Cash Flows from Operating Activities ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Purchases of portfolio securities</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(197,268,713)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Net proceeds from sales of short-term securities</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11,382,348</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Proceeds from sales of portfolio securities</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>197,404,072</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Interest received</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>30,161,982</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Dividends received</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>212,440</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Interest and loan fees paid</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(1,593,310)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Operating expenses paid</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(436,103)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Paid to The Dreyfus Corporation</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(2,811,113)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Realized gain from forward foreign currency <BR>exchange contracts transactions</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>80,046</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #f2f2f2 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Net Cash Provided by Operating Activities</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1.5pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>37,131,649</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Cash Flows from Financing Activities ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Dividends paid</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(25,279,502)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Decrease in loan outstanding</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(10,000,000)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Net Cash Used in Financing Activities</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(35,279,502)</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Net increase in cash</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>1,852,147</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Cash at beginning of period</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>897,141</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #f2f2f2 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Cash and cash denominated in foreign currency at end of period</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1.5pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>2,749,288</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Reconciliation of Net Decrease in Net Assets Resulting from Operations to Net Cash Provided by Operating Activities ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #f2f2f2 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>Net Decrease in Net Assets Resulting From Operations</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1.5pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(17,084,411)</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria>Adjustments to reconcile net decrease in net assets resulting from operations to net cash provided by operating activities ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Purchases of portfolio securities</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(197,268,713)</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Proceeds from sales of portfolio securities</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>197,404,072</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Net proceeds from sales of short-term securities</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11,382,348</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Decrease in interest receivable</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>952,927</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Increase in interest and loan fees payable</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>29,676</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Increased in accrued operating expenses</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>28,995</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Decrease in Due to The Dreyfus Corporation and affiliates</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(22,509)</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Decrease in prepaid expenses</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,196</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Net realized gain on investment and foreign currency transactions</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>22,886,312</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Net unrealized depreciation on investments and <BR>foreign currency transactions</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>16,218,143</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Decreased in dividends receivable</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>159</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Net amortization of premiums on investments</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,522,408</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Realized gain from forward foreign currency <BR>exchange contracts transactions</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>80,046</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #f2f2f2 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Net Cash Provided By Operating Activities</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1.5pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>37,131,649</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">See notes to financial statements.</FONT></I></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>18</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>STATEMENT OF CHANGES IN NET ASSETS</FONT></P>

<P style="TEXT-ALIGN: left"><A name="8"></A></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1pt solid"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#969696 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=6>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 60pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Year Ended March 31, </FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>2016</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>2015</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Operations ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Investment income&#8212;net</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>22,020,044 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>23,089,560 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Net realized gain (loss) on investments</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(22,886,312)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>7,471,974 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=3>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Net unrealized appreciation (depreciation) <BR>on investments</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(16,218,143)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(23,318,873)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=4>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Net Increase (Decrease) in Net Assets <BR>Resulting from Operations</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(17,084,411)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>7,242,661 </FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Dividends to Shareholders from ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Investment income&#8212;net</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(25,279,502)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(26,142,930)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Beneficial Interest Transactions ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Dividends reinvested</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>296,797 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=4>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Increase (Decrease) in Net Assets <BR>from Beneficial Interest Transactions</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>- </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>296,797 </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=4>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Total Increase (Decrease) in Net Assets</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(42,363,913)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(18,603,472)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Net Assets ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Beginning of Period</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>279,307,961 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>297,911,433 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>End of Period</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>236,944,048 </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>279,307,961 </FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=4>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Undistributed investment income&#8212;net</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>74,107 </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>752,867 </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #f2f2f2 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Capital Share Transactions (Shares):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Shares issued for dividends reinvested</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>-</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>73,185 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">See notes to financial statements.</FONT></I></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>19</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>FINANCIAL HIGHLIGHTS</FONT></P>

<P style="TEXT-ALIGN: justify"><A name="9"></A><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">The following table describes the performance for the fiscal periods indicated. Total return shows how much your investment in the fund would have increased (or decreased) during each period, assuming you had reinvested all dividends and distributions. These figures have been derived from the fund&#8217;s financial statements and market price data for the fund&#8217;s shares.</FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 2.25pt solid"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 2.25pt solid"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 2.25pt solid" colSpan=6><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=6>

   <P style="TEXT-ALIGN: center"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=cambria>Year Ended March 31</FONT></FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top" face=cambria>,</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>2016</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>2015</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>2014</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>2013</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=cambria>2012</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Per Share Data ($):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Net asset value, beginning of period</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.84</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4.11</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4.10</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.90</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4.25</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Investment Operations:</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Investment income&#8212;net<FONT><SUP>a</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.30</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.32</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.36</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.38</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.41</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Net realized and unrealized<BR>gain (loss) on investments</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(.53)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(.23)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.05</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.26</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(.26)</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Total from Investment Operations</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(.23)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.09</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.41</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.64</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.15</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Distributions:</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Dividends from investment<BR>income&#8212;net</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(.35)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(.36)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(.40)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(.44)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(.50)</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Net asset value, end of period</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.26</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.84</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4.11</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4.10</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.90</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Market value, end of period</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.13</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3.65</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4.19</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4.40</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4.65</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Total Return (%)<FONT><SUP>b</SUP></FONT></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(4.44)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(4.51)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>4.95</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>5.12</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>11.65</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Ratios/Supplemental Data (%):</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Ratio of total expenses to<BR>average net assets</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.91</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.81</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.92</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2.03<FONT><SUP>c</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2.11<FONT><SUP>c</SUP></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Ratio of net expenses to<BR>average net assets</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.91</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.74</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.71</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.82<FONT><SUP>d</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.90<FONT><SUP>d</SUP></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Ratio of interest expense<BR>to average net assets</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.64</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.52</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.51</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.57</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>.61</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Ratio of net investment income<BR>to average net assets</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.63</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.04</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>8.80</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>9.56</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>10.60</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Portfolio Turnover Rate</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>54.23</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>48.20</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>48.39</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>42.42</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>57.91</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Net Assets, end of period ($ x 1,000)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>236,944</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>279,308</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>297,911</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>297,210</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>281,897</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Average borrowings<BR>outstanding ($ x 1,000)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>116,593</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>120,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>120,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>120,000</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>120,000</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Weighted average number of fund<BR>shares outstanding ($ x 1,000)</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>72,642</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>72,621</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>72,518</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>72,410</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>72,194</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Average amount of debt per share ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.61</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.65</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.65</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.66</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #ffffff 1.5pt solid; BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.66</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">a</FONT></I></SUP></FONT><FONT style="WORD-SPACING: 6.4pt"><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">Based on average shares outstanding.</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">b</FONT></I></SUP></FONT><FONT style="WORD-SPACING: 6.4pt"><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">Calculated based on market value.</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">c</FONT></I></SUP></FONT><FONT style="WORD-SPACING: 6.4pt"><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">The presentation of total expense ratios has been changed to include interest expense. Total expenses excluding interest expense for the periods ended March 31, 2013 and 2012 were previously presented as 1.46% and 1.50%, respectively.</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">d</FONT></I></SUP></FONT><FONT style="WORD-SPACING: 6.4pt"><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">The presentation of net expense ratios has been changed to include interest expense. Net expenses excluding interest expense for the periods ended March 31, 2013 and 2012 were previously presented as 1.25% and 1.29%, respectively.</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 7pt; FONT-WEIGHT: normal" face="">See notes to financial statements.</FONT></I></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>20</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>NOTES TO FINANCIAL STATEMENTS</FONT></P>

<P style="TEXT-ALIGN: left"><A name="10"></A><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" face=arial>NOTE 1&#8212;Significant Accounting Policies:</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Dreyfus High Yield Strategies Fund (the &#8220;fund&#8221;) is registered under the Investment Company Act of 1940, as amended (the &#8220;Act&#8221;), as a non-diversified, closed-end management investment company. The fund&#8217;s primary investment objective is to seek high current income. Under normal market conditions, the fund invests at least 65% of its total assets in income securities of U.S. issuers rated below investment grade quality or unrated income securities that The Dreyfus Corporation (the &#8220;Manager&#8221; or &#8220;Dreyfus&#8221;), a wholly-owned subsidiary of The Bank of New York Mellon Corporation (&#8220;BNY Mellon&#8221;), serving as the fund&#8217;s investment manager and administrator, determines to be of comparable quality. The fund&#8217;s Common Stock trades on the New York Stock Exchange Amex (the &#8220;NYSE&#8221;) under the ticker symbol DHF.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) is the exclusive reference of authoritative U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (&#8220;SEC&#8221;) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund&#8217;s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">(a) Portfolio valuation:</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Various inputs are used in determining the value of the fund&#8217;s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:</FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>21</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>NOTES TO FINANCIAL STATEMENTS </FONT><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>(continued)</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN-LEFT: 18pt"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">Level 1</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">&#8212;unadjusted quoted prices in active markets for identical investments.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN-LEFT: 18pt"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">Level 2</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">&#8212;other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN-LEFT: 18pt"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">Level 3</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">&#8212;significant unobservable inputs (including the fund&#8217;s own assumptions in determining the fair value of investments).</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund&#8217;s investments are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Registered investment companies that are not traded on an exchange are valued at their net asset value and are generally categorized within Level 1 of the fair value hierarchy.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Investments in securities, excluding short-term investments (other than U.S. Treasury Bills), and forward foreign currency exchange contracts (&#8220;forward contracts&#8221;) are valued each business day by an independent pricing service (the &#8220;Service&#8221;) approved by the fund's Board of Trustees (the &#8220;Board&#8221;)</FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#ff0000 face="">. </FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Other investments (which constitute a majority of the portfolio securities) are valued as determined by the Service, based on methods which include consideration of the following: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. These securities are generally categorized within Level 2 of the fair value hierarchy.</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Service&#8217;s procedures are reviewed by Dreyfus under the general supervision of the Board.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair </FONT></P>

<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>22</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">For restricted securities where observable inputs are limited, assumptions about market activity and risk are used and are generally categorized within Level 3 of the fair value hierarchy. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Investments denominated in foreign currencies are translated to U.S. dollars at the prevailing rates of exchange.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Forward contracts are valued at the forward rate and are generally categorized within Level 2 of the fair value hierarchy. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The following is a summary of the inputs used as of March 31, 2016</FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#ff0000 face=""> </FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">in valuing the fund&#8217;s investments:</FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Level 1&#8211; Unadjusted Quoted Prices</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Level 2&#8211;Other Significant Observable Inputs</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Level 3&#8211;Significant Unobservable Inputs</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Total</FONT></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top" color=#000000 face=cambria>Assets ($)</FONT></B></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>Investments in Securities:</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Corporate Bonds<FONT><SUP>&#8224;</SUP></FONT></FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>&#8211;</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>335,590,247</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>&#8211;</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>335,590,247</FONT></B></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Mutual Funds</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,785,781</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>&#8211;</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>&#8211;</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>3,785,781</FONT></B></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Preferred Stocks<FONT><SUP>&#8224;</SUP></FONT></FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>&#8211; </FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>2,420,068 </FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>&#8211; </FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>2,420,068</FONT></B></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Liabilities ($)</FONT></B></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Other Financial Instruments:</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Forward Foreign Currency Exchange Contracts<FONT><SUP>&#8224;&#8224;</SUP></FONT></FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>&#8211;</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(355,418)</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>&#8211;</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(355,418)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&#8224;</FONT></I></SUP></FONT><FONT><SUP><FONT style="WORD-SPACING: 8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT></SUP></FONT><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">See Statement of Investments for additional detailed categorizations.</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&#8224;&#8224;</FONT></I></SUP></FONT><FONT style="WORD-SPACING: 6.4pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Amount shown represents unrealized appreciation (depreciation) at period end.</FONT></I></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">At March 31, 2016, there were no transfers between levels of the fair value hierarchy.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">(b) Foreign currency transactions:</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> The fund does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in the market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized on securities transactions between trade and settlement date, and the difference between the </FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>23</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>NOTES TO FINANCIAL STATEMENTS </FONT><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>(continued)</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">amounts of dividends, interest and foreign withholding taxes recorded on the fund&#8217;s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the value of assets and liabilities other than investments resulting from changes in exchange rates. Foreign currency gains and losses on foreign currency transactions are also included with net realized and unrealized gain or loss on investments.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">(c)</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> </FONT><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">Securities transactions and investment income:</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> Securities transactions are recorded on a trade date basis. Realized gains and losses from securities transactions are recorded on the identified cost basis. Dividend income is recognized on the ex-dividend date and interest income, including, where applicable, accretion of discount and amortization of premium on investments, is recognized on the accrual basis.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">(d) Affiliated issuers:</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> Investments in other investment companies advised by Dreyfus are defined as &#8220;affiliated&#8221; under the Act. Investments in affiliated investment companies during the period ended March 31, 2016 were as follows:</FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Affiliated Investment Company</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value 3/31/2015 ($) </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Purchases ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Sales ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value 3/31/2016 ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Net <BR>Assets (%)</FONT></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -7.2pt; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Dreyfus Institutional Preferred Plus Money Market Fund</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>15,168,129</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>133,699,497</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>145,081,845</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,785,781</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1.6</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">(e) Risk: </FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The fund invests primarily in debt securities. Failure of an issuer of the debt securities to make timely interest or principal payments, or a decline or the perception of a decline in the credit quality of a debt security, can cause the debt security&#8217;s price to fall, potentially lowering the fund&#8217;s share price. High yield (&#8220;junk&#8221;) bonds involve greater credit risk, including the risk of default, than investment grade bonds, and are considered predominantly speculative with respect to the issuer&#8217;s continuing ability to make principal and interest payments. In addition, the value of debt securities may decline due to general market conditions that are not specifically related to a particular issuer, such as real or perceived adverse economic conditions, changes in outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment. They may also decline because of factors that affect a particular industry.</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The fund is permitted to invest up to 5% of its assets directly in the common stock of junk bond issuers. This percentage will be in addition to </FONT></P>

<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>24</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">any other common stock holdings acquired as part of warrants or &#8220;units&#8221;, so that the fund&#8217;s total common stock holdings could exceed 5% at a particular time. However, the fund currently intends to invest directly in common stocks (including those offered in an initial public offering) to gain sector exposure and when suitable junk bonds are not available for sale. The fund expects to sell the common stock promptly when suitable junk bonds are subsequently acquired.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">(f) Dividends to Shareholders:</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> Dividends are recorded on the ex-dividend date. Dividends from investment income-net are normally declared and paid monthly. Dividends from net realized capital gains, if any, are normally declared and paid annually, but the fund may make distributions on a more frequent basis to comply with the distribution requirements of the Internal Revenue Code of 1986, as amended (the &#8220;Code&#8221;). To the extent that net realized capital gains can be offset by capital loss carryovers, it is the policy of the fund not to distribute such gains. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Shareholders will have their distributions reinvested in additional shares of the fund, unless such Shareholders elect to receive cash, at the lower of the market price or net asset value per share (but not less than 95% of the market price). If market price is equal to or exceeds net asset value, shares will be issued at net asset value. If net asset value exceeds market price, Computershare Inc., the transfer agent, will buy fund shares in the open market and reinvest those shares accordingly.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">On March 29, 2016, the Board declared a cash dividend of $0.029 per share from undistributed investment income-net, payable on April 27, 2016 to Shareholders of record as of the close of business on April 13, 2016. The ex-dividend date was April 11, 2016.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">(g) Federal income taxes:</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> It is the policy of the fund to continue to qualify as a regulated investment company, if such qualification is in the best interests of its shareholders, by complying with the applicable provisions of the Code, and to make distributions of taxable income sufficient to relieve it from substantially all federal income and excise taxes.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">As of and during the period ended March 31, 2016, the fund did not have any liabilities for any uncertain tax positions. The fund recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense in the Statement of Operations. During the period ended March 31, 2016, the fund did not incur any interest or penalties.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>25</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>NOTES TO FINANCIAL STATEMENTS </FONT><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>(continued)</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Each tax year in the four-year period ended March 31, 2016 remains subject to examination by the Internal Revenue Service and state taxing authorities.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">At March 31, 2016, the components of accumulated earnings on a tax basis were as follows: ordinary income $2,007,573, accumulated capital losses $83,221,086 and unrealized depreciation $15,165,670.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Under the Regulated Investment Company Modernization Act of 2010 (the &#8220;2010 Act&#8221;), the fund is permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 (&#8220;post-enactment losses&#8221;) for an unlimited period. Furthermore, post-enactment capital loss carryovers retain their character as either short-term or long-term capital losses rather than short-term as they were under previous statute. The 2010 Act requires post-enactment losses to be utilized before the utilization of losses incurred in taxable years prior to the effective date of the 2010 Act (&#8220;pre-enactment losses&#8221;). As a result of this ordering rule, pre-enactment losses may be more likely to expire unused.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#000000 face="">The accumulated capital loss carryover is available for federal income tax purposes to be applied against future net</FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#ff0000 face=""> </FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#000000 face="">realized capital gains, if any, realized subsequent to March 31, 2016. If not applied, $24,707,290 of the carryover expires in fiscal year 2017 and $33,464,139 expires in fiscal year 2018. The fund has $7,838,390 of post-enactment short-term capital losses and $17,211,267 of post enactment long-term capital losses which can be carried forward for an unlimited period.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The tax character of distributions paid to shareholders during the fiscal periods ended March 31, 2016 and March 31, 2015 were as follows: ordinary income $25,279,502 and $26,142,930, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">During the period ended March 31, 2016, as a result of permanent book to tax differences, primarily due to the tax treatment for amortization of premium, consent fees, capital loss carryover expiration and foreign currency transactions, the fund increased accumulated undistributed investment income-net by $2,580,698, increased accumulated net realized gain (loss) on investments by $3,352,895 and decreased paid-in capital by $5,933,593. Net assets and net asset value per share were not affected by this reclassification.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" face=arial>NOTE 2&#8212;Borrowings:</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The fund has a $125,000,000 Revolving Credit and Security Agreement (the &#8220;Agreement&#8221;), which was renewed until November 23, 2016, subject to certain amendments. Under the terms of the Agreement, the fund may borrow &#8220;Advances&#8221; (including Eurodollar Advances), on a collateralized </FONT></P>

<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>26</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">basis with certain fund assets used as collateral, which amounted to $299,840,481 as of March 31, 2016. The interest to be paid by the fund on such Advances is determined with reference to the principal amount of each Advance (and/or Eurodollar Advance) outstanding from time to time. The fund also pays additional fees pursuant to the Agreement. During the period ended March 31, 2016, total expenses pursuant to the Agreement amounted to $1,622,986.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The average amount of borrowings outstanding under the Agreement during the period ended March 31, 2016 was $116,592,900, with a related weighted average annualized interest rate of 1.39% and is inclusive of all expenses related to the Agreement.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" face=arial>NOTE 3&#8212;Management Fee and Other Transactions with Affiliates:</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">(a) </FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Pursuant to a management and administration agreement with Dreyfus, the management and administration fee is computed at the annual rate of .75% of the value of the fund&#8217;s average weekly total assets minus the sum of accrued liabilities (other than the aggregate indebtedness constituting financial leverage) (the &#8220;Managed Assets&#8221;) and is payable monthly. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">(b) </FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The fund compensates The Bank of New York Mellon , a subsidiary of BNY Mellon and an affiliate of Dreyfus, under a custody agreement for providing custodial services for the fund. These fees are determined based on net assets and transaction activity. During the period ended March 31, 2016</FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 11pt; FONT-WEIGHT: normal" face="">, </FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">the fund was charged $40,979</FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 11pt; FONT-WEIGHT: normal" face=""> </FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">pursuant to the custody agreement.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#000000 face="">The fund has an arrangement with the custodian whereby</FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#121212 face=""> the fund may receive earnings credits when positive cash balances are maintained, which are used to offset custody fees. For financial reporting purposes, the fund includes net earnings credits as an expense offset in the Statement of Operations.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">During the period ended March 31, 2016, the fund was charged $6,313 for services performed by the Chief Compliance Officer and his staff.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The components of &#8220;Due to The Dreyfus Corporation and affiliates&#8221; in the Statement of Assets and Liabilities consist of: management fees $217,548, custodian fees $20,575 and Chief Compliance Officer fees $3,176.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">(c)</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> Each Board member also serves as a Board member of other funds within the Dreyfus complex. Annual retainer fees and attendance fees are allocated to each fund based on net assets. </FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>27</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>NOTES TO FINANCIAL STATEMENTS </FONT><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>(continued)</FONT></I></FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" face=arial>NOTE 4&#8212;Securities Transactions:</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The aggregate amount of purchases and sales of investment securities, excluding short-term securities and forward contracts, during the period ended March 31, 2016, amounted to $194,916,124 and $198,459,973, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">Derivatives:</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> A derivative is a financial instrument whose performance is derived from the performance of another asset. The fund enters into International Swaps and Derivatives Association, Inc. Master Agreements or similar agreements (collectively, &#8220;Master Agreements&#8221;) with its over-the-counter (&#8220;OTC&#8221;) derivative contract counterparties in order to, among other things, reduce its credit risk to counterparties. Master Agreements include provisions for general obligations, representations, collateral and events of default or termination. Under a Master Agreement, the fund may offset with the counterparty certain derivative financial instrument&#8217;s payables and/or receivables with collateral held and/or posted and create one single net payment in the event of default or termination.</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Each type of derivative instrument that was held by the fund during the period ended March 31, 2016 is discussed below.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" face="">Forward Foreign Currency Exchange Contracts:</FONT></B></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> The fund enters into forward contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings, to settle foreign currency transactions or as a part of its investment strategy. When executing forward contracts, the fund is obligated to buy or sell a foreign currency at a specified rate on a certain date in the future. With respect to sales of forward contracts, the fund incurs a loss if the value of the contract increases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract decreases between those dates. With respect to purchases of forward contracts, the fund incurs a loss if the value of the contract decreases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract increases between those dates. Any realized or unrealized gains or losses which occurred during the period are reflected in the Statement of Operations. The fund is exposed to foreign currency risk as a result of changes in value of underlying financial instruments. The fund is also exposed to credit risk associated with counterparty nonperformance on these forward contracts, which is generally limited to the unrealized gain on each open contract. This risk may be mitigated by Master Agreements, if any, between the fund and the counterparty and the posting of collateral, if any, by the counterparty to the fund to cover the fund&#8217;s exposure to the </FONT></P>
<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>28</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">counterparty. The following summarizes open forward contracts at March 31, 2016:</FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.75pt solid">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Forward Foreign Currency Exchange Contracts</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.75pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Foreign Currency<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Amounts</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.75pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria><BR>Proceeds ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.75pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Value ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.75pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Unrealized (Depreciation)($)</FONT></P></TD></TR>

<TR>

   <TD colSpan=2>

   <P style="TEXT-ALIGN: left"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" face=calibri>Sales:</FONT></B></FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom" face=""> </FONT></B></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top" face=cambria>Barclays Bank</FONT></B></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>British Pound,</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" color=#000000 face=cambria>Expiring</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=cambria>4/28/2016</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>4,300,000</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>6,078,629</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>6,176,436</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>(97,807)</FONT></P></TD></TR>

<TR>

   <TD colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top" face=cambria>Common Wealth Bank of Australia</FONT></B></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Euro,</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" color=#000000 face=cambria>Expiring</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=cambria>4/28/2016</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>2,535,000</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>2,828,744</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>2,887,007</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>(58,263)</FONT></P></TD></TR>

<TR>

   <TD colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top" face=cambria>Goldman Sachs International</FONT></B></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>British Pound,</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" color=#000000 face=cambria>Expiring</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=cambria>4/28/2016</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>3,345,000</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>4,729,341</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>4,804,693</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>(75,352)</FONT></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Euro,</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" color=#000000 face=cambria>Expiring</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=cambria>4/28/2016</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>2,845,000</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>3,179,112</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>3,240,053</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>(60,941)</FONT></P></TD></TR>

<TR>

   <TD colSpan=2>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top" face=cambria>Morgan Stanley Capital Services</FONT></B></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Euro,</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" color=#000000 face=cambria>Expiring</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" face=cambria>4/28/2016</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>2,940,000</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>3,285,189</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>3,348,244</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: top; FONT-WEIGHT: normal" color=#000000 face=cambria>(63,055)</FONT></P></TD></TR>

<TR>

   <TD colSpan=2>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Gross Unrealized Depreciation</FONT></B></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>(355,418)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The provisions of ASC Topic 210 &#8220;Disclosures about Offsetting Assets and Liabilities&#8221; require disclosure on the offsetting of financial assets and liabilities. These disclosures are required for certain investments, including derivative financial instruments subject to Master Agreements which are eligible for offsetting in the Statement of Assets and Liabilities and require the fund to disclose both gross and net information with respect to such investments. For financial reporting purposes, the fund does not offset derivative assets and derivative liabilities that are subject to Master Agreements in the Statement of Assets and Liabilities.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">At March 31, 2016, derivative assets and liabilities (by type) on a gross basis are as follows:</FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>29</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>NOTES TO FINANCIAL STATEMENTS </FONT><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>(continued)</FONT></I></FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Derivative Financial Instruments:</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Assets ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Liabilities ($)</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Forward contracts</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(355,418)</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Total gross amount of derivative</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: middle">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>assets and liabilities in the</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: middle">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Statement of Assets and Liabilities</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: middle">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(355,418)</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Derivatives not subject to</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: middle">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Master Agreements</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: middle">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Total gross amount of assets </FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: middle">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>and liabilities subject to</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: middle">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Master Agreements</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(355,418)</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The following table presents derivative liabilities net of amounts available for offsetting under Master Agreements and net of related collateral received or pledged, if any, as of March 31, 2016:</FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Financial</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Instruments</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>and Derivatives</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Gross Amount of</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Available</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Collateral</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Net Amount of</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Counterparty</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Liabilities ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1</FONT></SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>for Offset ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Pledged ($)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: left"><FONT><SUP><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT></SUP></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Liabilities ($)</FONT></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Barclays Bank</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(97,807)</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(97,807)</FONT></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Commonwealth <BR>Bank of Australia</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(58,263)</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(58,263)</FONT></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Goldman Sachs <BR>International</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(136,293)</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(136,293)</FONT></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Morgan Stanley <BR>Capital Services</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(63,055)</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>- </FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>(63,055)</FONT></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>Total</FONT></B></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(355,418)</FONT></B></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>- </FONT></B></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>- </FONT></B></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom" color=#000000 face=cambria>(355,418)</FONT></B></P></TD></TR>

<TR>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=7>

   <P style="TEXT-ALIGN: left"><FONT><SUP><I><FONT style="FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>1 </FONT></I></SUP></FONT><I><FONT style="FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Absent a default event or early termination, OTC derivative assets and liabilities are presented <BR>at gross amounts and are not offset in the Statement of Assets and Liabilities.</FONT></I></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#000000 face="">The following summarizes the average market value of derivatives outstanding during</FONT></FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#ff0000 face=""> </FONT></FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#000000 face="">the period ended March 31, 2016</FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#000000 face="">:</FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Average Market Value ($)</FONT></P></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Forward contracts</FONT></P></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD>

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>22,566,654 </FONT></P></TD></TR>

<TR>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: middle">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">At March 31, 2016</FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" color=#000000 face="">, the</FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> cost of investments for federal income tax purposes was $356,831,320; accordingly, accumulated net unrealized depreciation on investments was $15,035,224, consisting of $5,856,811 gross unrealized appreciation and $20,892,035 gross unrealized depreciation.</FONT></P>

<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>30</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>REPORT OF INDEPENDENT REGISTERED<BR>PUBLIC ACCOUNTING FIRM</FONT></P>

<P style="TEXT-ALIGN: justify"><A name="11"></A></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" face=arial>The Board of Trustees and Shareholders of<BR>Dreyfus High Yield Strategies Fund</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">We have audited the accompanying statement of assets and liabilities of Dreyfus High Yield Strategies Fund (the &#8220;Fund&#8221;), including the statement of investments, as of March 31, 2016, and the related statements of operations and cash flows for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended. These financial statements and financial highlights are the responsibility of the Fund&#8217;s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of March 31, 2016, by correspondence with the custodian and brokers or by other appropriate auditing procedures. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Dreyfus High Yield Strategies Fund as of March 31, 2016, the results of its operations and its cash flows for the year then ended, the changes in its net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.</FONT></P>

<P style="TEXT-ALIGN: right">
<IMG src="x16052713313900.jpg"></P>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">New York, New York<BR>May 26, 2016</FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>31</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>ADDITIONAL INFORMATION (Unaudited)</FONT></P>

<P style="TEXT-ALIGN: left"><A name="12"></A></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" face=arial>Dividend Reinvestment Plan</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">To participate automatically in the Dividend Reinvestment Plan (the &#8220;Plan&#8221;) of the Dreyfus High Yield Strategies Fund (the &#8220;fund&#8221;), fund shares must be registered in either your name, or, if your fund shares are held in nominee or &#8220;street&#8221; name through your broker-dealer, your broker-dealer must be a participant in the Plan. You may terminate your participation in the Plan, as set forth below. All shareholders participating (the &#8220;Participants&#8221;) in the Plan will be bound by the following provisions:</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Computershare Inc. (the &#8220;Agent&#8221;) will act as Agent for each Participant, and will open an account for each Participant under the Plan in the same name as their present shares are registered, and put into effect for them the dividends reinvestment option of the plan as of the first record date for a dividend or capital gains distribution.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Whenever the fund declares income dividend or capital gains distribution payable in shares of the fund or cash at the option of the shareholders, each Participant that does not opt for cash distributions shall take such distribution entirely in shares. If on the payment date for a dividend or capital gains distribution, the net asset value is equal to or less than the market price per share plus estimated brokerage commissions, the Agent shall automatically receive such shares, including fractions, for each Participant&#8217;s account except in the circumstances described in the following paragraph. Except in such circumstances, the number of additional shares to be credited to each Participant&#8217;s account shall be determined by dividing the dollar amount of the income dividend or capital gains distribution payable on their shares by the greater of the net asset value per share determined as of the date of purchase or 95% of the then current market price per share of the fund&#8217;s shares on the payment date.</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Should the net asset value per share of the fund shares exceed the market price per share plus estimated brokerage commissions on the payment date for a share or cash income dividend or capital gains distribution, the Agent or a broker-dealer selected by the Agent shall endeavor, for a purchase period of 30 days to apply the amount of such dividend or capital gains distribution on each Participant&#8217;s shares (less their pro rata share of brokerage commissions incurred with respect to the Agent&#8217;s open-market purchases in connection with the reinvestment of such dividend or distribution) to purchase shares of the fund on the open market for each Participant&#8217;s account. In no event may such purchase be made more than 30 days after the payment date for such dividend or distribution except </FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>32</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">where temporary curtailment or suspension of purchase is necessary to comply with applicable provisions of federal securities laws. If, at the close of business on any day during the purchase period the net asset value per share equals or is less than the market price per share plus estimated brokerage commissions, the Agent will not make any further open-market purchases in connection with the reinvestment of such dividend or distribution. If the Agent is unable to invest the full dividend or distribution amount through open-market purchases during the purchase period, the Agent shall request that, with respect to the uninvested portion of such dividend or distribution amount, the fund issue new shares at the close of business on the earlier of the last day of the purchase period or the first day during the purchase period on which the net asset value per share equals or is less than the market price per share, plus estimated brokerage commissions. These newly issued shares will be valued at the then-current market price per share of the fund&#8217;s shares at the time such shares are to be issued.</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">For purposes of making the dividend reinvestment purchase comparison under the Plan, (a) the market price of the fund&#8217;s shares on a particular date shall be the last sales price on the NYSE on that date, or, if there is no sale on such NYSE on that date, then the mean between the closing bid and asked quotations for such shares on such NYSE on such date and (b) the net asset value per share of the fund&#8217;s shares on a particular date shall be the net asset value per share most recently calculated by or on behalf of the fund.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Open-market purchases provided for above may be made on any securities exchange where the fund&#8217;s shares are traded, in the over-the counter market or in negotiated transactions and may be on such terms as to price, delivery and otherwise as the Agent shall determine. Each Participant&#8217;s uninvested funds held by the Agent will not bear interest, and it is understood that, in any event, the Agent shall have no liability in connection with any inability to purchase shares within 30 days after the initial date of such purchase as herein provided, or with the timing of any purchase effected. The Agent shall have no responsibility as to the value of the fund&#8217;s shares acquired for each Participant&#8217;s account. For the purpose of cash investments, the Agent may commingle each Participant&#8217;s fund with those of other shareholders of the fund for whom the Agent similarly acts as Agent, and the average price (including brokerage commissions) of all shares purchased by the Agent as Agent shall be the price per share allocable to each Participant in connection therewith.</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Agent may hold each Participant&#8217;s shares acquired pursuant to the Plan together with the shares of other shareholders of the fund acquired </FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>33</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>ADDITIONAL INFORMATION (Unaudited) </FONT><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>(continued)</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">pursuant to the Plan in noncertificated form in the Agent&#8217;s name or that of the Agent&#8217;s nominee. The Agent will forward to each Participant any proxy solicitation material; and will vote any shares so held for each Participant first in accordance with the instructions set forth on proxies returned by the Participant to the fund, and then with respect to any proxies not returned by the participant to the fund in the same portion as the Agent votes proxies returned by the Participants to the fund. Upon a Participant&#8217;s written request, the Agent will deliver to the Participant, without charge, a certificate or certificates for the full shares.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Agent will confirm to each Participant each acquisition made for their account as soon as practicable but not later than 60 days after the date thereof. Although each Participant may from time to time have an undivided fractional interest (computed to four decimal places) in a share of the fund, no certificates for a fractional share will be issued. However, dividends and distributions on fractional shares will be credited to each Participant&#8217;s account. In the event of termination of a Participant&#8217;s account under the Plan, the Agent will adjust for any such undivided fractional interest in cash at the market value of the fund&#8217;s shares at the time of termination.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Any share dividends or split shares distributed by the fund on shares held by the Agent for Participants will be credited to their accounts. In the event that the fund makes available to its shareholders rights to purchase additional shares of other securities, the shares held for each Participant under the Plan will be added to other shares held by the Participant in calculating the number of rights to be issued to each Participant. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Agent&#8217;s service fee for handling capital gains distributions or income dividends will be paid by the fund. Each Participant will be charged their pro rata share of brokerage commissions on all open market purchases.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Each Participant may terminate their account under the Plan by notifying the Agent in writing. Such termination will be effective immediately if the Participant&#8217;s notice is received by the Agent not less than ten days prior to any dividend or distribution record date, otherwise such termination will be effective shortly after the investment of such dividend distributions with respect to any subsequent dividend or distribution. The Plan may be terminated by the Agent or the fund upon notice in writing mailed to each Participant at least 90 days prior to any record date for the payment of any dividend or distribution by the fund. Upon any termination, the Agent will cause a certificate or certificates to be issued for the full shares held for each Participant under the Plan and cash adjustment for any fraction to be delivered to them without charge. If a Participant elects by notice to the Agent in writing in advance of such termination to have the Agent sell part </FONT></P>
<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>34</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">or all of their shares and remit the proceeds to them, the Agent is authorized to deduct a $5.00 fee plus brokerage commission for this transaction from the proceeds.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">These terms and conditions may be amended or supplemented by the Agent or the fund at any time or times but, except when necessary or appropriate to comply with applicable law or the rules or policies of the SEC or any other regulatory authority, only by mailing to each Participant appropriate written notice at least 30 days prior to the effective date thereof. The amendment or supplement shall be deemed to be accepted by each Participant unless, prior to the effective date thereof, the Agent receives written notice of the termination of their account under the Plan. Any such amendment may include an appointment by the Agent in its place and stead of a successor Agent under these terms and conditions, with full power and authority to perform all or any of the acts to be performed by the Agent under these terms and conditions. Upon any such appointment of any Agent for the purpose of receiving dividends and distributions, the fund will be authorized to pay to such successor Agent, for each Participant&#8217;s account, all dividends and distributions payable on shares of the fund held in their name or under the Plan for retention or application by such successor Agent as provided in these terms and conditions.</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Agent shall at all times act in good faith and agree to use its best efforts within reasonable limits to insure the accuracy of all services performed under this Agreement and to comply with applicable law, but assumes no responsibility and shall not be liable for loss or damage due to errors unless such error is caused by the Agent&#8217;s negligence, bad faith, or willful misconduct or that of its employees.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">These terms and conditions shall be governed by the laws of the State of New York.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" face=arial>Supplemental Information</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">During the period ended March 31, 2016, there were: (i) no material changes in the fund&#8217;s investment objectives or fundamental investment policies, (ii) no changes in the fund&#8217;s charter or by-laws that would delay or prevent a change of control of the fund, and (iii) no change in the persons primarily responsible for the day-to-day management of the fund&#8217;s portfolio.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Shareholders should take note of the following information about certain risks of investing in the fund.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>35</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>ADDITIONAL INFORMATION (Unaudited) </FONT><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>(continued)</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><I><U><FONT style="FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">High yield securities risk.</FONT></U></I></FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> High yield (&#8220;junk&#8221;) securities involve greater credit risk, including the risk of default, than investment grade securities, and are considered predominantly speculative with respect to the issuer&#8217;s ability to make principal and interest payments. The prices of high yield securities can fall in response to bad news about the issuer or its industry, or the economy in general, to a greater extent than those of higher rated securities. Securities rated investment grade when purchased by the fund may subsequently be downgraded.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><I><U><FONT style="FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Interest rate risk.</FONT></U></I></FONT><FONT><I><FONT style="FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> </FONT></I></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Prices of bonds and other fixed-income securities tend to move inversely with changes in interest rates. Typically, a rise in rates will adversely affect fixed-income securities and, accordingly, will cause the value of the fund&#8217;s investments in these securities to decline. During periods of very low interest rates, which occur from time to time due to market forces or actions of governments and/or their central banks, including the Board of Governors of the Federal Reserve System in the U.S., the fund may be subject to a greater risk of principal decline from rising interest rates. When interest rates fall, the values of already-issued fixed-income securities generally rise. However, when interest rates fall, the fund&#8217;s investments in new securities may be at lower yields and may reduce the fund&#8217;s income. The magnitude of these fluctuations in the market price of fixed-income securities is generally greater for securities with longer effective maturities and durations because such instruments do not mature, reset interest rates or become callable for longer periods of time. The change in the value of a fixed-income security or portfolio can be approximated by multiplying its duration by a change in interest rates. For example, the market price of a fixed-income security with a duration of three years would be expected to decline 3% if interest rates rose 1%. Conversely, the market price of the same security would be expected to increase 3% if interest rates fell 1%. Risks associated with rising interest rates are heightened given that interest rates in the United States and other countries are at or near historic lows. Unlike investment grade bonds, however, the prices of high yield bonds may fluctuate unpredictably and not necessarily inversely with changes in interest rates.</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT><I><U><FONT style="FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Liquidity risk.</FONT></U></I></FONT><FONT><I><FONT style="FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> </FONT></I></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">When there is little or no active trading market for specific types of securities, it can become more difficult to sell the securities in a timely manner at or near their perceived value. In such a market, the value of such securities and the fund&#8217;s net asset value per share of Common Stock may fall dramatically, even during periods of declining interest rates. The secondary market for certain municipal bonds tends to be less well developed or liquid than many other securities markets, which may adversely affect the fund&#8217;s ability to sell such municipal bonds at attractive prices. Investments that are illiquid or that trade in lower volumes may be </FONT></P>

<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>36</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">more difficult to value. The market for below investment grade securities may be less liquid and therefore these securities may be harder to value or sell at an acceptable price, especially during times of market volatility or decline.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>37</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>IMPORTANT TAX INFORMATION </FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>(Unaudited)</FONT></FONT></P>

<P style="TEXT-ALIGN: justify"><A name="13"></A><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">For federal tax purposes, the fund reports the maximum amount allowable but not less than 74.14% as interest-related dividends in accordance with Section 871(k)(1) and 881(e) of the Internal Revenue Code.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>38</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>PROXY RESULTS (Unaudited)</FONT></P>

<P style="TEXT-ALIGN: left"><A name="14"></A><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">Holders of Beneficial Interest voted on the following proposal presented at the annual shareholders&#8217; meeting held on August 6, 2015.</FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1.5pt solid">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1.5pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9; BORDER-TOP: #000000 1.5pt solid" colSpan=3>

   <P style="TEXT-ALIGN: center"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" color=#000000 face=cambria>Shares</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" color=#000000 face=cambria>For </FONT></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" color=#000000 face=cambria></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1pt solid; BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: normal" color=#000000 face=cambria>Authority Withheld </FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9" colSpan=2>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>To elect two Class I Trustees: <FONT><SUP>&#8224;</SUP></FONT></FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Francine J. Bovich</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>58,332,527 </FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,571,728 </FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>Stephen J. Lockwood</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>58,466,641</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: right"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#000000 face=cambria>3,437,614</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><SUP><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&#8224;</FONT></I></SUP></FONT><FONT><SUP><FONT style="WORD-SPACING: 8pt"><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">&nbsp;</FONT></I></FONT></SUP></FONT><I><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">The terms of these Class I Trustees expire in 2018.</FONT></I></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>39</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -21.6pt; MARGIN-LEFT: 21.6pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>INFORMATION ABOUT THE RENEWAL OF THE FUND&#8217;S MANAGEMENT AGREEMENT (Unaudited)</FONT></FONT></P>

<P style="TEXT-ALIGN: left"><A name="15"></A></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">At a meeting of the fund&#8217;s Board of Trustees held on February 24-25, 2016, the Board considered the renewal of the fund&#8217;s Investment Management and Administration Agreement, pursuant to which Dreyfus provides the fund with investment advisory and administrative services (the &#8220;Agreement&#8221;). The Board members, none of whom are &#8220;interested persons&#8221; (as defined in the Investment Company Act of 1940, as amended) of the fund, were assisted in their review by independent legal counsel and met with counsel in executive session separate from Dreyfus representatives. In considering the renewal of the Agreement, the Board considered all factors that it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Board member may have attributed different weights to the factors considered.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><U><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Analysis of Nature, Extent, and Quality of Services Provided to the Fund.</FONT></U></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> The Board considered information provided to them at the meeting and in previous presentations from Dreyfus representatives regarding the nature, extent, and quality of the services provided to funds in the Dreyfus fund complex. Dreyfus representatives noted that the fund was a closed-end fund without daily inflows and outflows of capital and provided the fund&#8217;s asset size. Dreyfus also had previously provided information regarding the diverse intermediary relationships and distribution channels of funds in the Dreyfus fund complex and Dreyfus&#8217; corresponding need for broad, deep, and diverse resources to be able to provide ongoing shareholder services to intermediaries and shareholders. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Board also considered research support available to, and portfolio management capabilities of, the fund&#8217;s portfolio management personnel and that Dreyfus also provides oversight of day-to-day fund operations, including fund accounting and administration and assistance in meeting legal and regulatory requirements. The Board also considered Dreyfus&#8217; extensive administrative, accounting and compliance infrastructures. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><U><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Comparative Analysis of the Fund&#8217;s Performance and Management Fee and Expense Ratio.</FONT></U></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> The Board reviewed reports prepared by Broadridge Financial Solutions, Inc. (&#8220;Broadridge&#8221;), an independent provider of investment company data, which included information comparing (1) the fund&#8217;s performance with the performance of a group of comparable funds (the &#8220;Performance Group&#8221;) and with a broader group of funds (the &#8220;Performance Universe&#8221;), all for various periods ended December 31, 2015, and (2) the fund&#8217;s actual and contractual management fees and total expenses with those of a group of comparable funds (the &#8220;Expense Group&#8221;) and with a broader group of funds (the &#8220;Expense Universe&#8221;), the information for which was derived in part from fund financial statements available to Broadridge as of the date of its analysis. Dreyfus previously had furnished the Board with a description of the methodology Broadridge used to select the Performance Group and Performance Universe and the Expense Group and Expense Universe.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>40</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Dreyfus representatives stated that the usefulness of performance comparisons may be affected by a number of factors, including different investment limitations that may be applicable to the fund and comparison funds. The Board discussed the results of the comparisons and noted that the fund&#8217;s total return performance, on a net asset value basis, was at or above the Performance Group and Performance Universe medians in all periods, except the five-year period when the fund&#8217;s total return performance was below the Performance Group, and the fund&#8217;s total return performance, on a market price basis, was above the Performance Group median in most periods, although below the Performance Universe median in most periods. The Board noted that the fund&#8217;s yield performance, on a net asset value and a market price basis, was at or above the Performance Group and the Performance Universe median for at least six of the one-year periods ended December 31st. Dreyfus also provided a comparison of the fund&#8217;s calendar year total returns, based on net asset value, to the returns of the fund&#8217;s benchmark index. </FONT></P>
<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Board also reviewed the range of actual and contractual management fees and total expenses of the Expense Group and Expense Universe funds and discussed the results of the comparisons. The Board was reminded that the fund&#8217;s management fee was .75% of the value of the fund&#8217;s average weekly total assets (minus the sum of accrued liabilities, other than the aggregate indebtedness constituting financial leverage) (&#8220;Managed Assets&#8221;). The Board noted that the fund&#8217;s contractual management fee was below the Expense Group median, the fund&#8217;s actual management fee was below or approximately equal to the Expense Group and Expense Universe medians (based on both common assets and Managed Assets). The Board also noted that the fund&#8217;s total expense ratio, which was provided by Broadridge and included investment-related expenses such as costs associated with the fund&#8217;s leverage, was below the Expense Group medians (based on both common assets and Managed Assets ) and below and slightly above the Expense Universe medians based on common assets and Managed Assets, respectively. </FONT></P>
<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Dreyfus representatives reviewed with the Board the management or investment advisory fees (1) paid by funds advised or administered by Dreyfus that are in the same Broadridge category as the fund and (2) paid to Dreyfus or the Dreyfus-affiliated primary employer of the fund&#8217;s primary portfolio manager(s) for advising any separate accounts and/or other types of client portfolios that are considered to have similar investment strategies and policies as the fund (the &#8220;Similar Clients&#8221;), and explained the nature of the Similar Clients. They discussed differences in fees paid and the relationship of the fees paid in light of any differences in the services provided and other relevant factors, noting the fund is a closed-end fund. The Board considered the relevance of the fee information provided for the Similar Clients to evaluate the appropriateness and reasonableness of the fund&#8217;s management fee.</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT><U><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">Analysis of Profitability and Economies of Scale.</FONT></U></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=""> Dreyfus representatives reviewed the expenses allocated and profit received by Dreyfus and its affiliates and the resulting </FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>41</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -14.4pt; MARGIN-LEFT: 14.4pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>INFORMATION ABOUT THE RENEWAL OF THE FUND&#8217;S MANAGEMENT AGREEMENT (Unaudited)</FONT><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial> (continued)</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">profitability percentage for managing the fund and the aggregate profitability percentage to Dreyfus and its affiliates for managing the funds in the Dreyfus fund complex, and the method used to determine the expenses and profit. The Board concluded that the profitability results were not unreasonable, given the services rendered and service levels provided by Dreyfus. The Board also had been provided with information prepared by an independent consulting firm regarding Dreyfus&#8217; approach to allocating costs to, and determining the profitability of, individual funds and the entire Dreyfus fund complex. The consulting firm also had analyzed where any economies of scale might emerge in connection with the management of a fund. </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Board considered, on the advice of its counsel, the profitability analysis as part of its evaluation of whether the fees under the Agreement bear a reasonable relationship to the mix of services provided by Dreyfus, including the nature, extent and quality of such services. It was noted that, because the fund is a closed-end fund without daily inflows and outflows of capital, there were not at this time significant economies of scale to be realized by Dreyfus in managing the fund&#8217;s assets. Dreyfus representatives also noted that, as a result of shared and allocated costs among funds in the Dreyfus fund complex, the extent of economies of scale could depend substantially on the level of assets in the complex as a whole, so that increases and decreases in complex-wide assets can affect potential economies of scale in a manner that is disproportionate to, or even in the opposite direction from, changes in the fund&#8217;s asset level. The Board also considered potential benefits to Dreyfus from acting as investment adviser and noted that there were no soft dollar arrangements in effect for trading the fund&#8217;s investments. </FONT></P>
<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to the renewal of the Agreement. Based on the discussions and considerations as described above, the Board concluded and determined as follows.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN-LEFT: 36pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 10.5pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Board concluded that the nature, extent and quality of the services provided by Dreyfus are adequate and appropriate.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN-LEFT: 36pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 10.5pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Board was satisfied with the fund&#8217;s overall performance.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN-LEFT: 36pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 10.5pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Board concluded that the fee paid to Dreyfus was reasonable in light of the considerations described above.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -18pt; MARGIN-LEFT: 36pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 10.5pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">The Board determined that the economies of scale which may accrue to Dreyfus and its affiliates in connection with the management of the fund had been adequately considered by Dreyfus in connection with the fee rate charged to the fund pursuant to the Agreement and that, to the extent in the future it were determined that material economies of scale had not been shared with the fund, the Board would seek to have those economies of scale shared with the fund.</FONT></P>

<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>42</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: justify"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">In evaluating the Agreement, the Board considered these conclusions and determinations and also relied on its previous knowledge, gained through meetings and other interactions with Dreyfus and its affiliates, of the fund and the services provided to the fund by Dreyfus. The Board also relied on information received on a routine and regular basis throughout the year relating to the operations of the fund and the investment management and other services provided under the Agreement, including information on the investment performance of the fund in comparison to similar funds and benchmark performance indices; general market outlook as applicable to the fund; and compliance reports. In addition, the Board&#8217;s consideration of the contractual fee arrangements for this fund had the benefit of a number of years of reviews of prior or similar agreements during which lengthy discussions took place between the Board and Dreyfus representatives. Certain aspects of the arrangements may receive greater scrutiny in some years than in others, and the Board&#8217;s conclusions may be based, in part, on their consideration of the same or similar arrangements in prior years. The Board determined to renew the Agreement.</FONT></P>
<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>43</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>BOARD MEMBERS INFORMATION </FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>(Unaudited)</FONT></FONT></P>

<P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>INDEPENDENT BOARD MEMBERS</FONT></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><A name="16"></A><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" color=#141414 face=arial>Joseph S. DiMartino (72)</FONT></B></FONT></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" color=#141414 face=arial>Chairman of the Board (1995)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=calibri>Current term expires in 2017</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Principal Occupation During Past 5 Years:</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 9pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Corporate Director and Trustee (1995-present)</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Other Public Company Board Memberships During Past 5 Years:</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 9pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">CBIZ (formerly, Century Business Services, Inc.), a provider of outsourcing functions for small and medium size companies, Director (1997-present)</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">No. of Portfolios for which Board Member Serves: </FONT></I><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">137</FONT></FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" color=#141414 face=arial>Francine J. Bovich (64)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" color=#141414 face=arial>Board Member (2011)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=calibri>Current term expires in 2018</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Principal Occupation During Past 5 Years:</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 9pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Trustee, The Bradley Trusts, private trust funds (2011-present) </FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Other Public Company Board Memberships During Past 5 Years:</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 9pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Annaly Capital Management, Inc., Board Member (May 2014-present)</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">No. of Portfolios for which Board Member Serves: </FONT></I><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">78</FONT></FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" color=#141414 face=arial>Kenneth A. Himmel (69)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" color=#141414 face=arial>Board Member (1998)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=calibri>Current term expires in 2017</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Principal Occupation During Past 5 Years:</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 9pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Managing Partner, Gulf Related, an international real estate development company (2010-present) </FONT></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 9pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">President and CEO, Related Urban Development, a real estate development company (1996-present) </FONT></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 9pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">President and CEO, Himmel &amp; Company, a real estate development company (1980-present) </FONT></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 9pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">CEO, American Food Management, a restaurant company (1983-present) </FONT></P>

<P style="TEXT-ALIGN: justify"><FONT><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">No. of Portfolios for which Board Member Serves: </FONT></I></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">28</FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>44</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" color=#141414 face=arial>Stephen J. Lockwood (68)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" color=#141414 face=arial>Board Member (1998)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=calibri>Current term expires in 2018</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Principal Occupation During Past 5 Years:</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 9pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Chairman of the Board, Stephen J. Lockwood and Company LLC, a real estate investment company (2000-present)</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">No. of Portfolios for which Board Member Serves: </FONT></I><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">28</FONT></FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" color=#141414 face=arial>Roslyn M. Watson (66)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" color=#141414 face=arial>Board Member (1998)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=calibri>Current term expires in 2016</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Principal Occupation During Past 5 Years:</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 9pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Principal, Watson Ventures, Inc., a real estate investment company (1993-present)</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">No. of Portfolios for which Board Member Serves: </FONT></I><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">64</FONT></FONT></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" color=#141414 face=arial>Benaree Pratt Wiley (69)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt" color=#141414 face=arial>Board Member (1998)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 0.3pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=calibri>Current term expires in 2016</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Principal Occupation During Past 5 Years:</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 9pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Principal, The Wiley Group, a firm specializing in strategy and business development (2005-present)</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">Other Public Company Board Memberships During Past 5 Years:</FONT></I></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&#183;</FONT></FONT><FONT><FONT style="WORD-SPACING: 9pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=symbol>&nbsp;</FONT></FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">CBIZ (formerly, Century Business Services, Inc.), a provider of outsourcing functions for small and medium size companies, Director (2008-present)</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">No. of Portfolios for which Board Member Serves: 88</FONT></I></P>

<P style="TEXT-ALIGN: center"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</FONT></P>

<P style="TEXT-ALIGN: justify"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">The address of the Board Members and Officers is c/o The Dreyfus Corporation, 200 Park Avenue, New York, New York 10166. </FONT></I></P>

<P style="TEXT-ALIGN: left"><I><FONT style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face="">James M. Fitzgibbons, Emeritus Board Member<BR>J. Tomlinson Fort, Emeritus Board Member</FONT></I></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>45</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>OFFICERS OF THE FUND </FONT><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=arial>(Unaudited)</FONT></FONT></P>

<P style="TEXT-ALIGN: left"><A name="17"></A><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>BRADLEY J. SKAPYAK, President since January 2010.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Chief Operating Officer and a director of the Manager since June 2009, Chairman of Dreyfus Transfer, Inc., an affiliate of the Manager and the transfer agent of the funds, since May 2011 and Executive Vice President of the Distributor since June 2007. From April 2003 to June 2009, Mr. Skapyak was the head of the Investment Accounting and Support Department of the Manager. He is an officer of 65 investment companies (comprised of 137 portfolios) managed by the Manager. He is 57 years old and has been an employee of the Manager since February 1988.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>BENNETT A. MACDOUGALL, Chief Legal Officer since October 2015.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Chief Legal Officer of the Manager since June 2015; from June 2005 to June 2015, he served in various capacities with Deutsche Bank &#8211; Asset &amp; Wealth Management Division, including as Director and Associate General Counsel, and Chief Legal Officer of Deutsche Investment Management Americas Inc. from June 2012 to May 2015. He is an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. He is 44 years old and has been an employee of the Manager since June 2015.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>JANETTE E. FARRAGHER, Vice President and Secretary since December 2011.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Assistant General Counsel of BNY Mellon, and an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. She is 53 years old and has been an employee of the Manager since February 1984.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>JAMES BITETTO, Vice President and Assistant Secretary since August 2005.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Managing Counsel of BNY Mellon and Secretary of the Manager, and an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. He is 49 years old and has been an employee of the Manager since December 1996.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>JONI LACKS CHARATAN, Vice President and Assistant Secretary since August 2005.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Managing Counsel of BNY Mellon, and an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. She is 60 years old and has been an employee of the Manager since October 1988.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>JOSEPH M. CHIOFFI, Vice President and Assistant Secretary since August 2005.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Managing Counsel of BNY Mellon, and an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. He is 54 years old and has been an employee of the Manager since June 2000.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>MAUREEN E. KANE, Vice President and Assistant Secretary since April 2015. </FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Managing Counsel of BNY Mellon since July 2014; from October 2004 until July 2014, General Counsel, and from May 2009 until July 2014, Chief Compliance Officer of Century Capital Management. She is an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. She is 54 years old and has been an employee of the Manager since July 2014.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>SARAH S. KELLEHER, Vice President and Assistant Secretary since April 2014.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Senior Counsel of BNY Mellon, and an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager; from August 2005 to March 2013, Associate General Counsel of Third Avenue Management. She is 40 years old and has been an employee of the Manager since March 2013.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>JEFF PRUSNOFSKY, Vice President and Assistant Secretary since August 2005.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Senior Managing Counsel of BNY Mellon, and an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. He is 50 years old and has been an employee of the Manager since October 1990.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>JAMES WINDELS, Treasurer since November 2001.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Director &#8211; Mutual Fund Accounting of the Manager, and an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. He is 57 years old and has been an employee of the Manager since April 1985.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>RICHARD CASSARO, Assistant Treasurer since September 2007.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Senior Accounting Manager &#8211; Money Market and Municipal Bond Funds of the Manager, and an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. He is 57 years old and has been an employee of the Manager since September 1982.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>46</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>GAVIN C. REILLY, Assistant Treasurer since December 2005.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Tax Manager of the Investment Accounting and Support Department of the Manager, and an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. He is 47 years old and has been an employee of the Manager since April 1991.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>ROBERT S. ROBOL, Assistant Treasurer since December 2005.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Senior Accounting Manager &#8211; Fixed Income Funds of the Manager, and an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. He is 52 years old and has been an employee of the Manager since October 1988.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>ROBERT SALVIOLO, Assistant Treasurer since May 2007.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Senior Accounting Manager &#8211; Equity Funds of the Manager, and an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. He is 48 years old and has been an employee of the Manager since June 1989.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>ROBERT SVAGNA, Assistant Treasurer since August 2005.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Senior Accounting Manager &#8211; Equity Funds of the Manager, and an officer of 66 investment companies (comprised of 162 portfolios) managed by the Manager. He is 49 years old and has been an employee of the Manager since November 1990.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>JOSEPH W. CONNOLLY, Chief Compliance Officer since October 2004.</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN-LEFT: 7.2pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt; FONT-WEIGHT: normal" face="">Chief Compliance Officer of the Manager and The Dreyfus Family of Funds (66 investment companies, comprised of 162 portfolios). He is 58 years old and has served in various capacities with the Manager since 1980, including manager of the firm&#8217;s Fund Accounting Department from 1997 through October 2001.</FONT></P>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>47</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>NOTES</FONT></P>

<P style="TEXT-ALIGN: center"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>48</FONT></B></P>

<P>&nbsp;</P>
<PAGE>

<P style="TEXT-ALIGN: left"><FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 11.5pt; FONT-WEIGHT: normal" face=arial>OFFICERS AND TRUSTEES</FONT></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 11pt; FONT-WEIGHT: normal" face=arial><BR>Dreyfus High Yield Strategies Fund</FONT></P>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10.5pt; FONT-WEIGHT: normal" face="">200 Park Avenue<BR>New York, NY 10166</FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=2 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><A name="18"></A><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Trustees</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Officers (continued)</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Joseph S. DiMartino, Chairman</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Chief Compliance Officer</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Francine J. Bovich</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Joseph W. Connolly</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Kenneth A. Himmel</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Stephen J. Lockwood</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Portfolio Managers</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Roslyn M. Watson</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Chris Barris</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Benaree Pratt Wiley</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Kevin Cronk</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Josephine Shin</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Stephen Sylvester</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Officers</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Manager</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>President</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>The Dreyfus Corporation</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Bradley J. Skapyak</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Chief Legal Officer</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Custodian</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Bennett A. MacDougall</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>The Bank of New York Mellon</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Vice President and Secretary</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Janette E. Farragher</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Counsel</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Vice Presidents and Assistant Secretaries</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>K&amp;L Gates LLP</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>James Bitetto</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Joni Lacks Charatan</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Transfer Agent,</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Joseph M. Chioffi</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Dividend Disbursing Agent</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Maureen E. Kane</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Computershare Inc.</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Sarah S. Kelleher</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Jeff Prusnofsky</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Stock Exchange Listing</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Treasurer</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>NYSE Symbol: DHF</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>James Windels</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Assistant Treasurer</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 9pt; VERTICAL-ALIGN: bottom" color=#141414 face=cambria>Initial SEC Effective Date</FONT></B></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Richard Cassaro</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>4/23/98</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Gavin C. Reilly</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Robert S. Robol</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Robert Salviolo</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><FONT style="FONT-STYLE: normal; FONT-SIZE: 7.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" color=#141414 face=cambria>Robert Svagna</FONT></P></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD>

   <TD style="BACKGROUND-COLOR: #d9d9d9"><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=4>

   <P style="TEXT-ALIGN: left"><FONT><I><FONT style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">The fund&#8217;s net asset value per share appears in the following publications: Barron&#8217;s, Closed-End Bond Funds section under</FONT></I></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face=""> </FONT></P></TD></TR>

<TR>

   <TD colSpan=4>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">the heading &#8220;Bond Funds&#8221; every Monday; Wall Street Journal, Mutual Funds section under the heading</FONT></I></P></TD></TR>

<TR>

   <TD colSpan=4>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">&#8220;Closed-End Bond Funds&#8221; every Monday.</FONT></I></P></TD></TR>

<TR>

   <TD colSpan=4><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR>

<TR>

   <TD colSpan=4>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">Notice is hereby given in accordance with Section 23(c) of the Act that the fund may purchase shares of its common stock in the</FONT></I></P></TD></TR>

<TR>

   <TD colSpan=4>

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.8pt; MARGIN-LEFT: 10.8pt"><I><FONT style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">open market when it can do so at prices below the then current net asset value per share.</FONT></I></P></TD></TR>

<TR>

   <TD colSpan=4><FONT style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom">&nbsp;</FONT></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: center"><FONT><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 8pt" face=arial>49</FONT></B></FONT></P>

<P>&nbsp;</P>
<PAGE>

<DIV style="BORDER-BOTTOM: #000000 1pt solid">

<DIV style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 36pt; FONT-WEIGHT: normal" face=arial>For More Information</FONT></DIV></DIV>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" face=arial>Dreyfus High Yield Strategies Fund</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">200 Park Avenue<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">New York, NY 10166</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" face=arial>Manager</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">The Dreyfus Corporation<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">200 Park Avenue<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">New York, NY 10166</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" face=arial>Custodian</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">The Bank of New York Mellon<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">225 Liberty Street<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">New York, NY 10286</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" face=arial>Transfer Agent &amp;<BR>Registrar </FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">Computershare Inc.<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">480 Washington Boulevard<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">Jersey City, NJ 07310</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt" face=arial>Dividend Disbursing Agent </FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">Computershare Inc.<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">P.O. Box 30170<BR></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">College Station, TX 77842</FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=2>



<TR>

   <TD style="WIDTH: 104px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD style="WIDTH: 359px"><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; WIDTH: 104px; BORDER-TOP: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: left"><B><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: top" face="">Ticker Symbol:</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 0.5pt solid; WIDTH: 359px; BORDER-TOP: #000000 0.5pt solid">

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">DHF</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (&#8220;SEC&#8221;) for the first and third quarters of each fiscal year on Form N-Q. The fund&#8217;s Forms N-Q are available on the SEC&#8217;s website at </FONT><FONT><U><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">www.sec.gov</FONT></U></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face=""> and may be reviewed and copied at the SEC&#8217;s Public Reference Room in Washington, DC. (phone 1-800-SEC-0330 for information).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">A description of the policies and procedures that the fund uses to determine how to vote proxies relating to portfolio securities and information regarding how the fund voted these proxies for the most recent 12-month period ended June 30 is available at </FONT><FONT><U><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face="">www.dreyfus.com</FONT></U></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face=""> and on the SEC&#8217;s website at </FONT><FONT><U><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=#0000ff face="">www.sec.gov</FONT></U></FONT><FONT style="FONT-STYLE: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" face=""> and without charge, upon request, by calling 1-800-DREYFUS.</FONT></P>

<DIV align=left>

<TABLE style="CLEAR: both" border=0 cellSpacing=0 cellPadding=2 width="100%">



<TR>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD>

   <TD><FONT style="FONT-SIZE: 1pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD>

   <P style="TEXT-ALIGN: left"><FONT style="FONT-STYLE: normal; FONT-SIZE: 8.5pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: normal" face="">&#169; 2016 MBSC Securities Corporation <BR>0430AR0316</FONT></P></TD>

   <TD>

   <P style="TEXT-ALIGN: right">
   <IMG src="x16052713313901.jpg"></P></TD></TR></TABLE></DIV>

<P>&nbsp;</P></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE></PAGE>
<HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div>
<A name="page_4"></A>

<a name="_bclPageBorder4"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Code of Ethics.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Registrant has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions.&nbsp; There have been no amendments to, or waivers in connection with, the Code of Ethics during the period covered by this Report.</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audit Committee Financial Expert.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Registrant's Board has determined that Joseph S. DiMartino, a member of the Audit Committee of the Board, is an audit committee financial expert as defined by the Securities and Exchange Commission (the "SEC").&nbsp; Joseph S. DiMartino is "independent" as defined by the SEC for purposes of audit committee financial expert determinations.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Accountant Fees and Services.</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(a)&nbsp; </FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Audit Fees</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">. The aggregate fees billed for each of the last two fiscal years (the "Reporting Periods") for professional services rendered by the Registrant's principal accountant (the "Auditor") for the audit of the Registrant's annual financial statements or services that are normally provided by the Auditor in connection with the statutory and regulatory filings or engagements for the Reporting Periods, were $</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp; </FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">99,700 in 2015 and $100,100 in 2016.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(b)&nbsp; </FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Audit-Related Fees</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">. The aggregate fees billed in the Reporting Periods for assurance and related services by the Auditor that are reasonably related to the performance of the audit of the Registrant's financial statements and are not reported under paragraph (a) of this Item 4 were $2,840 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; in 2015 and $2,900 in 2016. These services consisted of one or more of the following: (i) agreed upon procedures related to compliance with Internal Revenue Code section 817(h), (ii) security counts required by Rule 17f-2 under the Investment Company Act of 1940, as amended, (iii) advisory services as to the accounting or disclosure treatment of Registrant transactions or events and (iv) advisory services to the accounting or disclosure treatment of the actual or potential impact to the Registrant of final or proposed rules, standards or interpretations by the Securities and Exchange Commission, the Financial Accounting Standards Boards or other regulatory or standard-setting bodies.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The aggregate fees billed in the Reporting Periods for non-audit assurance and related services by the Auditor to the Registrant's investment adviser (not including any sub-investment adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the Registrant ("Service Affiliates"), that were reasonably related to the performance of the annual audit of the Service Affiliate, which required pre-approval by the Audit Committee were </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">$0 in 2015 and $0 in 2016. </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(c)&nbsp; </FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Tax Fees</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">.&nbsp; The aggregate fees billed in the Reporting Periods for professional services rendered by the Auditor for tax compliance, tax advice, and tax planning ("Tax Services") were $2,480 in 2015 and $2,500 in 2016.&nbsp; These services consisted of review or preparation of U.S. federal, state, local and excise tax returns. The aggregate fees billed in the Reporting Periods for Tax Services by the Auditor to Service Affiliates, which required pre-approval by the Audit Committee were $0 in 2015 and $0 in 2016.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(d)&nbsp; </FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">All Other Fees</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">.&nbsp; The aggregate fees billed in the Reporting Periods for products and services provided by the Auditor, other than the services reported in paragraphs (a) through (c) of this Item, were $0 in 2015 and $0 in 2016.</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_5"></A>

<a name="_bclPageBorder5"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The aggregate fees billed in the Reporting Periods for Non-Audit Services by the Auditor to Service Affiliates, other than the services reported in paragraphs (b) through (c) of this Item, which required pre-approval by the Audit Committee, were $0 in 2015 and $0 in 2016.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(e)(1) </FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Audit Committee Pre-Approval Policies and Procedures</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">. The Registrant's Audit Committee has established policies and procedures (the "Policy") for pre-approval (within specified fee limits) of the Auditor's engagements for non-audit services to the Registrant and Service Affiliates without specific case-by-case consideration. The pre-approved services in the Policy can include pre-approved audit services, pre-approved audit-related services, pre-approved tax services and pre-approved all other services.&nbsp; Pre-approval considerations include whether the proposed services are compatible with maintaining the Auditor's independence.&nbsp; Pre-approvals pursuant to the Policy are considered annually.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(e)(2) </FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Note</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">. None of the services described in paragraphs (b) through (d) of this Item 4 were approved by the Audit Committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(f) None of the hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal account's full-time, permanent employees.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Non-Audit Fees</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">. The aggregate non-audit fees billed by the Auditor for services rendered to the Registrant, and rendered to Service Affiliates, for the Reporting Periods were $17,950,123 in 2015 and $11,560,000 in 2016.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Auditor Independence</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">. The Registrant's Audit Committee has considered whether the provision of non-audit services that were rendered to Service Affiliates, which were not pre-approved (not requiring pre-approval), is compatible with maintaining the Auditor's independence.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audit Committee of Listed Registrants.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">During the reporting period, the Registrant had a separately-designated standing Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, consisting of the following members: Joseph S. DiMartino, Francine J. Bovich, Kenneth A. Himmel, Stephen J. Lockwood, Roslyn M. Watson and Benaree Pratt Wiley. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments.</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(a)</FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Not applicable.</FONT></P>

<P style="TEXT-INDENT: -42pt; MARGIN: 0in 0in 12pt 42pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disclosure of Proxy Voting Policies and Procedures for Closed-End Management&nbsp;Investment Companies.</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Board has delegated to The Dreyfus Corporation ("Dreyfus") the authority to vote proxies of companies held in the fund's portfolio.</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Information regarding how the fund's proxies were voted during the most recent 12-month period ended June 30<SUP>th</SUP> is available on Dreyfus' website, by the following August 31<SUP>st</SUP>, at http://www.dreyfus.com and on the SEC's website at http://www.sec.gov on the fund's Form N-PX.</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Proxy Voting By Dreyfus</FONT></U></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_6"></A>

<a name="_bclPageBorder6"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Dreyfus, through its participation in The Bank of New York Mellon Corporation's ("BNY Mellon") Proxy Voting and Governance Committee (the "Proxy Voting Committee"), applies detailed, pre-determined, written proxy voting guidelines for specific types of proposals and matters commonly submitted to shareholders (the "BNY Mellon Voting Guidelines").&nbsp; This includes guidelines for proxy voting with respect to open-end registered investment company shares (other than securities of a registered investment company over which BNY Mellon and its direct and indirect subsidiaries, including Dreyfus ("BNYM") has proxy voting authority).&nbsp; </FONT></P>

<P style="MARGIN: 0in 0in 12pt"><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Securities Out on Loan</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">.&nbsp; It is Dreyfus' policy to seek to vote all proxies for securities held in the fund's portfolios for which Dreyfus has voting authority.&nbsp; However, situations may arise in which the Proxy Voting Committee cannot, or has adopted a policy not to, vote certain proxies, such as refraining from securities out on loan in instances in which the costs are believed to outweigh the benefits, such as when the matters presented are not likely to have a material impact on shareholder value or clients' voting will not impact the outcome of the vote.</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><I><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Securities Out on Loan</FONT></I><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">.&nbsp; For securities that the fund has loaned to another party, any voting rights that accompany the loaned securities generally pass to the borrower of the securities, but the fund retains the right to recall a security and may then exercise the security's voting rights.&nbsp; In order to vote the proxies of securities out on loan, the securities must be recalled prior to the established record date.&nbsp; The fund may recall the loan to vote proxies if a material issue affecting the fund's investment is to be voted upon.</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Material Conflicts of Interest</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">.&nbsp; Dreyfus seeks to avoid material conflicts of interest between the fund and fund shareholders, on the one hand, and Dreyfus, the Distributor, or any affiliated person of the fund, Dreyfus or the Distributor, on the other, through its participation in the Proxy Voting Committee.&nbsp; The BNY Mellon Proxy Voting Policy states that the Proxy Voting Committee seeks to avoid material conflicts of interest through the establishment of the committee structure, which applies the BNY Mellon Voting Guidelines in an objective and consistent manner across client accounts, based on internal and external research and recommendations provide by third party proxy advisory services (including Institutional Shareholder Services, Inc. and Glass Lewis &amp; Co., LLC (the "Proxy Advisers")) and without consideration of any client relationship factors.&nbsp; The Proxy Voting Committee utilizes the research services of the Proxy Advisers most frequently in connection with proposals that may be controversial or require a case-by-case analysis in accordance with the BNY Mellon Proxy Voting Guidelines.&nbsp; In addition, the BNY Mellon Proxy Voting Policy states that the Proxy Voting Committee engages a third party as an independent fiduciary to vote all proxies for securities of BNY Mellon or securities of a registered investment company over which BNYM has proxy voting authority and may engage an independent fiduciary to vote proxies of other issuers at the Proxy Voting Committee's discretion.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portfolio Managers of Closed-End Management Investment Companies.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(a)(1)&nbsp; The following information is as of May 19, 2016, the date of the filing of this report:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 10pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Chris Barris and Kevin Cronk, CFA are the fund&#8217;s primary portfolio managers, positions they have held since October 2010 and September 2012, respectively. Mr. Barris has been a portfolio manager of the fund and employed by Dreyfus since July 2007. Mr. Barris is head of global high yield and a senior portfolio manager at Alcentra NY, LLC (Alcentra), an affiliate of Dreyfus, which he joined in January 2013. He joined Standish Mellon Asset Management Company LLC (Standish), an affiliate of Dreyfus, in 2005, where he is director of global high yield and a senior portfolio manager. Mr. Cronk has been a portfolio manager of the fund and employed by Dreyfus since July 2012. Mr. Cronk is head of U.S. credit research and a portfolio manager at Alcentra, which he joined in January 2013. He joined Standish in 2011, where he is a senior credit analyst and portfolio manager. Prior to joining Standish, he worked as a high yield analyst and portfolio manager at Columbia Management, which he joined in 1999. Messrs. Barris and Cronk manage the fund as employees of Dreyfus.&nbsp; </FONT></P></DIV>
<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_7"></A>

<a name="_bclPageBorder7"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;(a)(2) The following information is as of March 31, 2016:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Portfolio Managers</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">. The Registrant&#8217;s investment adviser is responsible for investment decisions and provides the Registrant with portfolio managers who are authorized by the Registrant&#8217;s Board to execute purchases and sales of securities. Chris Barris and Kevin Cronk are the Registrant&#8217;s primary portfolio managers. Josephine Shin and Stephen Sylvester are also portfolio managers of the Registrant. Messrs. Barris, Cronk and Sylvester and Ms. Shin are dual employees of Alcentra and Dreyfus. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Portfolio Managers Compensation</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">. Portfolio managers&#8217; compensation is comprised primarily of a market-based salary and an incentive compensation plan (annual and long-term). </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 10pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Alcentra's compensation arrangements include a fixed salary, discretionary cash bonus and a number of long term incentive plans that are structured to align an employee's interest with the firm's longer term goals.&nbsp; Portfolio managers are compensated in line with portfolio performance, rather than the growth of assets under management.&nbsp; Other factors that may be taken into consideration include asset selection and trade execution and management of portfolio risk.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Additional Information About Portfolio Managers</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">. The following table lists the number and types of other accounts advised by the primary portfolio manager and assets under management in those accounts as of March 31, 2016:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 584.999pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Portfolio Manager</FONT></U></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Registered Investment Company </FONT></B><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Accounts</FONT></U></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Assets Managed</FONT></U></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Pooled </FONT></B><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Accounts</FONT></U></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Assets </FONT></B><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Managed</FONT></U></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Other </FONT></B><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Accounts</FONT></U></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman"></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Assets Managed</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 30.15pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 30.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="18%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Chris Barris</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 30.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" face="Times New Roman">3 </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 30.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" face="Times New Roman">$1.84 billion</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 30.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" face="Times New Roman">9</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 30.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" face="Times New Roman">$1.23 billion</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 30.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" face="Times New Roman">6</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 30.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" face="Times New Roman">$549 million</FONT></P></TD></TR>

<TR style="HEIGHT: 13.45pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Kevin Cronk</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" face="Times New Roman">2 </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" face="Times New Roman">$1.39 billion</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" face="Times New Roman">0</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" face="Times New Roman">0</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" face="Times New Roman">0</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 13.45pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 11pt" face="Times New Roman">0</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">None of the funds or accounts are subject to a performance-based advisory fee.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The dollar range of shares of the Registrant beneficially owned by the primary portfolio manager is as follows as of March 31, 2016:</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 541.799pt; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 42.7pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 42.7pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="39%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face=calibri,sans-serif></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Portfolio Manager</FONT></U></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 42.7pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="26%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face=calibri,sans-serif></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Registrant Name</FONT></U></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 42.7pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="35%">

   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Dollar Range of Registrant </FONT></B></P>

   <P style="MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman">Shares Beneficially Owned</FONT></U></B></P></TD></TR>

<TR style="HEIGHT: 30.15pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 30.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Chris Barris</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 30.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="26%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Dreyfus High Yield Strategies Fund</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 30.15pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">8,000 Shares</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="39%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Kevin Cronk</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="26%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Dreyfus High Yield Strategies Fund</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">0 Shares</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=#1f497d face=calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=#1f497d face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=#1f497d face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Portfolio managers at Dreyfus may manage multiple accounts for a diverse client base, including mutual funds, separate accounts (assets managed on behalf of institutions such as pension funds, insurance companies and foundations), bank common trust accounts and wrap fee programs (&#8220;Other Accounts&#8221;).&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_8"></A>

<a name="_bclPageBorder8"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Portfolio managers may manage multiple accounts for a diverse client base, including mutual funds, separate accounts (assets managed on behalf of institutions such as pension funds, insurance companies and foundations), bank common trust accounts and wrap fee programs (&#8220;Other Accounts&#8221;). </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Potential conflicts of interest may arise because of the management of Other Accounts. For example, conflicts of interest may arise with both the aggregation and allocation of securities transactions and allocation of limited investment opportunities, as Dreyfus may be perceived as causing accounts it manages to participate in an offering to increase Dreyfus' overall allocation of securities in that offering, or to increase Dreyfus' ability to participate in future offerings by the same underwriter or issuer. Allocations of bunched trades, particularly trade orders that were only partially filled due to limited availability, and allocation of investment opportunities generally, could raise a potential conflict of interest, as Dreyfus may have an incentive to allocate securities that are expected to increase in value to preferred accounts. Initial public offerings, in particular, are frequently of very limited availability. Additionally, portfolio managers may be perceived to have a conflict of interest if there are a large number of Other Accounts, in addition to the Registrant, that they are managing on behalf of Dreyfus. Dreyfus periodically reviews each portfolio manager's overall responsibilities to ensure that he or she is able to allocate the necessary time and resources to effectively manage the Registrant. In addition, Dreyfus could be viewed as having a conflict of interest to the extent that Dreyfus or its affiliates and/or portfolios managers have a materially larger investment in Other Accounts than their investment in the Registrant.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Other Accounts may have investment objectives, strategies and risks that differ from those of the Registrant. For these or other reasons, the portfolio manager may purchase different securities for the Registrant and the Other Accounts, and the performance of securities purchased for the Registrant may vary from the performance of securities purchased for Other Accounts. The portfolio manager may place transactions on behalf of Other Accounts that are directly or indirectly contrary to investment decisions made for the Registrant, which could have the potential to adversely impact the Registrant, depending on market conditions.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">A potential conflict of interest may be perceived to arise if transactions in one account closely follow related transactions in another account, such as when a purchase increases the value of securities previously purchased by the other account, or when a sale in one account lowers the sale price received in a sale by a second account. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman">Conflicts of interest similar to those described above arise when portfolio managers are employed by a sub-investment adviser or are dual employees of Dreyfus and an affiliated entity and such portfolio managers also manage other accounts.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Dreyfus' goal is to provide high quality investment services to all of its clients, while meeting Dreyfus' fiduciary obligation to treat all clients fairly. Dreyfus has adopted and implemented policies and procedures, including brokerage and trade allocation policies and procedures, that it believes address the conflicts associated with managing multiple accounts for multiple clients. In addition, Dreyfus monitors a variety of areas, including compliance with Fund guidelines, the allocation of IPOs, and compliance with the firm's Code of Ethics. Furthermore, senior investment and business personnel at Dreyfus periodically review the performance of Dreyfus' portfolio managers.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchases of Equity Securities by Closed-End Management Investment Companies and&nbsp;Affiliated Purchasers.</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Not applicable. &nbsp;</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_9"></A>

<a name="_bclPageBorder9"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Submission of Matters to a Vote of Security Holders.</FONT></B></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">There have been no material changes to the procedures applicable to Item 10.</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Controls and Procedures.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-CSR is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-CSR is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; There were no changes to the Registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.&nbsp; </FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.</FONT></B></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(a)(1)&nbsp;&nbsp; Code of ethics referred to in Item 2.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(a)(2)&nbsp;&nbsp; Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(a)(3)&nbsp;&nbsp; Not applicable.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certification of principal executive and principal financial officers as required by Rule 30a-2(b) under the Investment Company Act of 1940.</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_10"></A>

<a name="_bclPageBorder10"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">SIGNATURES<BR><BR></FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">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.</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Dreyfus High Yield Strategies Fund</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">/s/ Bradley J. Skapyak</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"> </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bradley J. Skapyak</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Date:&nbsp;&nbsp;&nbsp; May 19, 2016</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">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.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">By:&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">/s/ Bradley J. Skapyak</FONT></U></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bradley J. Skapyak</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President</FONT></P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Date:&nbsp;&nbsp;&nbsp; May 19, 2016</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">/s/ James Windels</FONT></U></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; James Windels</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasurer</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Date:&nbsp;&nbsp;&nbsp; May 19, 2016</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT></B>&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_10"></A>

<a name="_bclPageBorder11"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">EXHIBIT INDEX</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(a)(1)&nbsp;&nbsp; Code of ethics referred to in Item 2.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(a)(2)&nbsp;&nbsp; Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.&nbsp; (EX-99.CERT)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certification of principal executive and principal financial officers as required by Rule 30a-2(b) under the Investment Company Act of 1940.&nbsp; (EX-99.906CERT)</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CODE ETH
<SEQUENCE>2
<FILENAME>codeofethics.htm
<DESCRIPTION>CODE OF ETHICS
<TEXT>

<HTML>
<HEAD>
   <TITLE>codeofethics.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<a name="page_1"></a><div style="padding-left:0%;padding-right:0%;width:100%;">

<div>


<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>


</div>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">THE DREYFUS FAMILY OF FUNDS</font></b></font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">CODE OF
ETHICS FOR PRINCIPAL EXECUTIVE </font></b></font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">AND SENIOR
FINANCIAL OFFICERS</font></b></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">1.</font></b></font><font face="times new roman"><b><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b></font><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">Covered Officers/Purpose of the Code</font></b></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">This code of ethics (the
&quot;Code&quot;) for the investment companies within the complex (each, a
&quot;Fund&quot;) applies to each Fund's Principal Executive Officer, Principal
Financial Officer, Principal Accounting Officer or Controller, or other persons
performing similar functions, each of whom is listed on Exhibit A</font></font><font face="Times New Roman"><i><font lang=EN-US style="font-size:12.0pt;letter-spacing:-.1pt;"> </font></i></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">(the &quot;Covered Officers&quot;),
for the purpose of promoting:</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">honest and ethical conduct, including the ethical handling of
actual or apparent conflicts of interest between personal and professional
relationships;</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">full, fair, accurate, timely and understandable disclosure in
reports and documents that the Fund files with, or submits to, the Securities
and Exchange Commission (the &quot;SEC&quot;) and in other public
communications made by the Fund;</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">compliance with applicable laws and governmental rules and
regulations;</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">the prompt internal reporting of violations of the Code to an
appropriate person or persons identified in the Code; and</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">accountability for adherence to the Code.</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">Each Covered Officer should
adhere to a high standard of business ethics and should be sensitive to
situations that may give rise to actual as well as apparent conflicts of
interest.</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">2.</font></b></font><font face="times new roman"><b><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b></font><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">Covered Officers Should Handle Ethically Actual and Apparent
Conflicts of Interest</font></b></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">Overview. </font></b></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">A
&quot;conflict of interest&quot; occurs when a Covered Officer's private
interest interferes with the interests of, or his service to, the Fund.&#160; For
example, a conflict of interest would arise if a Covered Officer, or a member
of his family, receives improper personal benefits as a result of his position
with the Fund.</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">Certain conflicts of interest
arise out of the relationships between Covered Officers and the Fund and
already are subject to conflict of interest provisions in the Investment
Company Act of 1940, as amended (the &quot;Investment Company Act&quot;), and
the Investment Advisers Act of 1940, as amended (the &quot;Investment Advisers
Act&quot;). For example, Covered Officers may not individually engage in
certain transactions (such as the purchase or sale of securities or other
property) with the Fund because of their status as &quot;affiliated
persons&quot; of the Fund. The compliance programs and procedures of the Fund
and the Fund's investment adviser (the &quot;Adviser&quot;) are designed to
prevent, or identify and correct, violations of these provisions. The Code does
not, and is not intended to, repeat or replace these programs and procedures,
and the circumstances they cover fall outside of the parameters of the Code.</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">Although typically not
presenting an opportunity for improper personal benefit, conflicts arise from,
or as a result of, the contractual relationship between the Fund and the
Adviser of </font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">which the Covered Officers are also officers
or employees.&#160; As a result, the Code recognizes that the Covered Officers, in
the ordinary course of their duties (whether formally for the Fund or for the
Adviser, or for both), will be involved in establishing policies and
implementing decisions that will have different effects on the Adviser and the
Fund. The participation of the Covered Officers in such activities is inherent
in the contractual relationship between the Fund and the Adviser and is
consistent with the performance by the Covered Officers of their duties as
officers of the Fund and, if addressed in conformity with the provisions of the
Investment Company Act and the Investment Advisers Act, will be deemed to have
been handled ethically. In addition, it is recognized by the Fund's Board that
the Covered Officers also may be officers or employees of one or more other
investment companies covered by this or other codes of ethics.</font></font></p>
<div>


<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>


</div>
</div><hr align="center" noshade size=2 width="100%">

<div style="page-break-before:always;">&nbsp;</div><a name="page_2"></a><div style="padding-left:0%;padding-right:0%;width:100%;">

<div>


<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>


</div>


<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">Other conflicts of interest are
covered by the Code, even if such conflicts of interest are not subject to
provisions in the Investment Company Act and the Investment Advisers Act.&#160;
Covered Officers should keep in mind that the Code cannot enumerate every
possible scenario.&#160; The overarching principle of the Code is that the personal
interest of a Covered Officer should not be placed improperly before the
interest of the Fund.</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">Each Covered Officer must:</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">not use his personal influence or personal relationships
improperly to influence investment decisions or financial reporting by the Fund
whereby the Covered Officer would benefit personally to the detriment of the
Fund; </font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">not cause the Fund to take action, or fail to take action, for
the individual personal benefit of the Covered Officer rather than the benefit
of the Fund; and</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">not retaliate against any employee or Covered Officer for reports
of potential violations that are made in good faith.</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">3.</font></b></font><font face="times new roman"><b><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b></font><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">Disclosure and Compliance</font></b></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">Each Covered Officer should familiarize himself with the
disclosure requirements generally applicable to the Fund within his area of
responsibility;</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">each Covered Officer should not knowingly misrepresent, or cause
others to misrepresent, facts about the Fund to others, whether within or
outside the Fund, including to the Fund's Board members and auditors, and to
governmental regulators and self-regulatory organizations; </font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">each Covered Officer should, to the extent appropriate within his
area of responsibility, consult with other officers and employees of the Fund
and the Adviser with the goal of promoting full, fair, accurate, timely and
understandable disclosure in the reports and documents the Fund files with, or
submits to, the SEC and in other public communications made by the Fund; and</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">it is the responsibility of each Covered Officer to promote
compliance with the standards and restrictions imposed by applicable laws,
rules and regulations.</font></font></p>


<div>


<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>


</div>
</div><hr align="center" noshade size=2 width="100%">

<div style="page-break-before:always;">&nbsp;</div><a name="page_3"></a><div style="padding-left:0%;padding-right:0%;width:100%;">

<div>


<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>


</div>
<p style="margin-bottom:12.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">4.</font></b></font><font face="times new roman"><b><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b></font><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">Reporting
and Accountability</font></b></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">Each Covered Officer must:</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">upon adoption of the Code (or thereafter, as applicable, upon
becoming a Covered Officer), affirm in writing to the Board that he has
received, read, and understands the Code;</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">annually thereafter affirm to the Board that he has complied with
the requirements of the Code; and</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">notify the Adviser's General Counsel (the &quot;General
Counsel&quot;) promptly if he knows of any violation of the Code.&#160; Failure to
do so is itself a violation of the Code. </font></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">The General Counsel is
responsible for applying the Code to specific situations in which questions are
presented under it and has the authority to interpret the Code in any
particular situation. However, waivers sought by any Covered Officer will be
considered by the Fund's Board.</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">The Fund will follow these
procedures in investigating and enforcing the Code:</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">the General Counsel will take all appropriate action to
investigate any potential violations reported to him;</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">if, after such investigation, the General Counsel believes that
no violation has occurred, the General Counsel is not required to take any
further action;</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">any matter that the General Counsel believes is a violation will
be reported to the Board;</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">if the Board concurs that a violation has occurred, it will
consider appropriate action, which may include: review of, and appropriate
modifications to, applicable policies and procedures; notification to
appropriate personnel of the Adviser or its board; or dismissal of the Covered
Officer;</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">the Board will be responsible for granting waivers, as
appropriate; and</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol><font lang=EN-US style="font-size:12.0pt;">&#183;</font></font><font face="times new roman"><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">any waivers of or amendments to the Code, to the extent required,
will be disclosed as provided by SEC rules.</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">5.</font></b></font><font face="times new roman"><b><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b></font><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">Other Policies and Procedures</font></b></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">The Code shall be the sole code
of ethics adopted by the Fund for purposes of Section 406 of the Sarbanes-Oxley
Act of 2002 and the rules and forms applicable to registered investment
companies thereunder. The Fund's, its principal underwriter's and the Adviser's
codes of ethics under Rule 17j-1 under the Investment Company Act and the
Adviser's additional policies and procedures, including its Code of Conduct,
are separate requirements applying to the Covered Officers and others, and are
not part of the Code.</font></font></p>


<div>


<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>


</div>
</div><hr align="center" noshade size=2 width="100%">

<div style="page-break-before:always;">&nbsp;</div><a name="page_4"></a><div style="padding-left:0%;padding-right:0%;width:100%;">

<div>


<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>


</div>
<p style="margin-bottom:12.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">6.</font></b></font><font face="times new roman"><b><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b></font><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">Amendments&nbsp;</font></b></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">The Code may not be amended
except in written form, which is specifically approved or ratified by a
majority vote of the Fund's Board, including a majority of independent Board
members.</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">7.</font></b></font><font face="times new roman"><b><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b></font><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">Confidentiality&nbsp;</font></b></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">All reports and records
prepared or maintained pursuant to the Code will be considered confidential and
shall be maintained and protected accordingly. Except as otherwise required by
law or the Code, such matters shall not be disclosed to anyone other than the
appropriate Funds and their counsel, the appropriate Boards (or Committees) and
their counsel and the Adviser</font></font><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;letter-spacing:.2pt;">.&nbsp;</font></font></p>

<p style="margin-bottom:12.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">8.</font></b></font><font face="times new roman"><b><font lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b></font><font face="Times New Roman"><b><font lang=EN-US style="font-size:12.0pt;">Internal Use</font></b></font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">The Code is intended solely for
the internal use by the Fund and does not constitute an admission, by or on
behalf of the Fund, as to any fact, circumstance, or legal conclusion.</font></font></p>

<p align=right style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:.5in;text-align:right;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">Dated as of:&#160; </font></font><font face="Times New Roman"><u><font lang=EN-US style="font-size:12.0pt;">July
1, 2003</font></u></font></p>





<div>


<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>


</div>
</div><hr align="center" noshade size=2 width="100%">

<div style="page-break-before:always;">&nbsp;</div><a name="page_5"></a><div style="padding-left:0%;padding-right:0%;width:100%;">

<div>


<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>


</div>
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman Bold"><b><font lang=EN-US style="font-size:12.0pt;">Exhibit A</font></b></font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:.5in;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">Persons
Covered by the Code of Ethics</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:519.299988pt;">
 <tr>
  <td valign=top width=30% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font style="font-size:12.0pt;">Bradley J. Skapyak</font></font></p>
  </td>
 <td valign=top width=23% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font style="font-size:12.0pt;">President</font></font></p>
  </td>
 <td valign=top width=47% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font style="font-size:12.0pt;">(Principal Executive Officer)</font></font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font style="font-size:12.0pt;">&nbsp;</font></font></p>
  </td>
 <td valign=top width=23% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font style="font-size:12.0pt;">&nbsp;</font></font></p>
  </td>
 <td valign=top width=47% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font style="font-size:12.0pt;">&nbsp;</font></font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=30% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font style="font-size:12.0pt;">James Windels</font></font></p>
  </td>
 <td valign=top width=23% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font style="font-size:12.0pt;">Treasurer</font></font></p>
  </td>
 <td valign=top width=47% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font style="font-size:12.0pt;">(Principal Financial and Accounting Officer)</font></font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman"><font lang=EN-US style="font-size:12.0pt;">Revised as of: </font></font><font face="Times New Roman"><u><font lang=EN-US style="font-size:12.0pt;">January
1, 2010</font></u></font></p>



</div>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>exhibit302519-430.htm
<DESCRIPTION>CERTIFICATION REQUIRED BY RULE 30A-2
<TEXT>

<HTML>
<HEAD>
   <TITLE>exhibit302519-430.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=right style="margin-bottom:.0001pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:right;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">[EX-99.CERT]&#8212;Exhibit&#160;
(a)(2)</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">SECTION 302 CERTIFICATION</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">I, Bradley J. Skapyak, certify
that:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1.&#160; I have reviewed this report on
Form N-CSR of Dreyfus High Yield Strategies Fund;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">2.&#160; Based on my
knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in
light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">3.&#160; Based on my
knowledge, the financial statements, and other financial information included
in this report, fairly present in all material respects the financial
condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the
registrant as of, and for, the periods presented in this report;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">4.&#160; The
registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c)
under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of
1940) for the registrant and have:</font></p>

<p style="margin-bottom:12.0pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(a) Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;</font></p>

<p style="margin-bottom:12.0pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(b) Designed such internal control over financial reporting, or caused
such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;</font></p>

<p style="margin-bottom:12.0pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(c) Evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of a date within 90
days prior to the filing date of this report based on such evaluation; and</font></p>

<p style="margin-bottom:12.0pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(d) Disclosed in this report any change in the registrant's internal
control over financial reporting that occurred during the second fiscal quarter
of the period covered by this report that has materially affected, or is
reasonably likely to materially affect, the registrant's internal control over financial
reporting; </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">5.&#160; The
registrant's other certifying officer(s) and I have disclosed to the
registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions):</font></p>

<p style="margin-bottom:12.0pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(a) All significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the registrant's ability to record, process,
summarize, and report financial information; and</font></p>

<p style="margin-bottom:6.0pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(b) Any fraud, whether
or not material, that involves management or other employees who have a
significant role in the registrant's internal control over financial reporting.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:211.5pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">By:&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">/s/
Bradley J. Skapyak</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.5in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Bradley
J. Skapyak</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.5in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">President</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.5in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Date:&#160;&#160;&#160; May
19, 2016</font></p>





</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=left style="margin-bottom:12.0pt;margin-left:228.0pt;margin-right:0in;margin-top:0in;text-align:left;text-indent:-1.0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">SECTION 302 CERTIFICATION</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">I, James Windels, certify that:</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">1.&#160; I have reviewed this report on
Form N-CSR of Dreyfus High Yield Strategies Fund;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">2.&#160; Based on my
knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in
light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">3.&#160; Based on my
knowledge, the financial statements, and other financial information included
in this report, fairly present in all material respects the financial
condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the
registrant as of, and for, the periods presented in this report;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">4.&#160; The
registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c)
under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of
1940) for the registrant and have:</font></p>

<p style="margin-bottom:12.0pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(a) Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;</font></p>

<p style="margin-bottom:12.0pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(b) Designed such internal control over financial reporting, or caused
such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;</font></p>

<p style="margin-bottom:12.0pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(c) Evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of a date within 90
days prior to the filing date of this report based on such evaluation; and</font></p>

<p style="margin-bottom:12.0pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(d) Disclosed in this report any change in the registrant's internal
control over financial reporting that occurred during the second fiscal quarter
of the period covered by this report that has materially affected, or is
reasonably likely to materially affect, the registrant's internal control over
financial reporting; </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">5.&#160; The
registrant's other certifying officer(s) and I have disclosed to the
registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions):</font></p>

<p style="margin-bottom:12.0pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(a) All significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the registrant's ability to record, process,
summarize, and report financial information; and</font></p>

<p style="margin-bottom:12.0pt;margin-left:12.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(b) Any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal control over
financial reporting.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">By:&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">/s/
James Windels</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; James
Windels</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Treasurer</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Date:&#160;
&#160; May 19, 2016</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>




</DIV>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906 CERT
<SEQUENCE>4
<FILENAME>exhibit906-430.htm
<DESCRIPTION>CERTIFICATION REQUIRED BY SECTION 906
<TEXT>

<HTML>
<HEAD>
   <TITLE>exhibit906-430.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">
<a name="page_1"></a><a name="_bclPageBorder1"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=FR style="font-size:11.0pt;">[EX-99.906CERT]</font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=FR style="font-size:11.0pt;">Exhibit (b)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=FR style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=FR style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=FR style="font-size:11.0pt;">SECTION 906
CERTIFICATIONS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=FR style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">In connection with
this report on Form N-CSR for the Registrant as furnished to the Securities and
Exchange Commission on the date hereof (the &quot;Report&quot;), the
undersigned hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002, that:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (1)&#160;&#160;&#160;&#160;&#160;&#160;&#160; the
Report fully complies with the requirements of Section 13(a) or 15(d) of the
Securities Exchange Act of 1934, as applicable; and</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (2)&#160;&#160;&#160;&#160;&#160;&#160;&#160; the
information contained in the Report fairly presents, in all material respects,
the financial condition and results of operations of the Registrant.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">By:&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">/s/ Bradley J. Skapyak</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Bradley
J. Skapyak</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; President</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Date:&#160;&#160;&#160; May 19, 2016</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">By:&#160;&#160;&#160;&#160;&#160;&#160; </font><u><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">/s/ James
Windels</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; James
Windels</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Treasurer</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:3.0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Date:&#160;&#160;&#160; May 19, 2016</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><i><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">This certificate is
furnished pursuant to the requirements of Form N-CSR and shall not be deemed
&quot;filed&quot; for purposes of Section 18 of the Securities Exchange Act of
1934, or otherwise subject to the liability of that section, and shall not be
deemed to be incorporated by reference into any filing under the Securities Act
of 1933 or the Securities Exchange Act of 1934.</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>




</DIV>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>x16052713313500.jpg
<TEXT>
begin 644 x16052713313500.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" #3 /0# 2(  A$! Q$!_\0
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M*^5 VR5@>YJ[#IW]J3K"5,6U"'>087CG\>.]6+ZTAMM&73-/N1+YDY=SCN>
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MTIEF);]U_=Q]W KLEU&\30)HMJ)-+* BYR#D;B3[\T <FNG/=W8N$5$W-M/
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M[?SJ'[.V,A2?I0!$.E:%@R),?E0G R7.!^M1V]C<ROLBB#;UX+$ ?F:V]/\
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MBM]A3HWK119"1("-W&XXW+S10!%/%^];MS3$D:$Y4X/;VK0GC^=L^M4WBYH
M5=4OXV^2=T4GDAAD_G6O87UY<;4:>6%\YW1Y*O['_P"M6-;6GVB<1@9SU?'
M'M77:99"*-B;@HL8Y;;G8!0!JZ="B1"25I)F48,C\8/MFKTIM]H5S(%)R"K=
M:K1XG"K^^92<AI!W]35A+)5;S& <KU.["K_GTH ?;W :7_4E%'4@Y/\ ]:J.
MJD3[E7" #.22Q)^@K1ACAG<_O&''100#^--O9;>U@:.&+>Y//J3[GTH \YU)
MBC';$[L>GR8X]<USMY*Z;6G;!SE44<__ %JZ7Q!>S22M@I&",;(A7*.@60S-
M\[9^4GD?6@!EP6?9&^=S<L!VI'VR%0"!@8'/2HLEBP?)[D9IT0)=]S9PGY9H
M 2R;R;D$C!$@4Y&<5W5M"CPQ&-ER.V3BN"9B)M^[[P!_+/-==IEZ\EJC[LD#
M..E &AJBM'(S/ C9 /F8ZU@FU>0AMX?S!RW3%==:21W5N"P#%AR#5*ZLRJ23
M1P["PV_+@@#/7':@#+L]-\_S-IXV;2H&1CT^M=SJM]J#00:=86[B-47S3&/N
M@8XK/\)Z>W]GM<2*1%))E?,&,J*Z"VC2]OIGA8Q"W/,F/O>@H O6]N8K1$.'
MFV?-@<#VJJUGY.9I\;@#C [>M69[N*USY0+-CH.?\FJ5QJ,<D9#N&*]5QC&.
MWO0 6X2ZF\P2!D Q&,8_&H=9CNKN);6W171QA\MSCVJ"#5[6:4I'<H#G&4(.
M>/6J6NZ[9:19JPN?,F8[@IZT <5XE\*W&A+YJJTEFW'F8R8W]#[>AKF(6RB<
M<L.?3/TKL)?%T>HQRV]S'(L$@VMLY_'!KD[>%$DDB1F=8W(0N,$CMG\* +C1
MJ0I8GD8.WG)K6L;0NT2.Q0C^$CK5338&NU94)\Q20#MX'XUTT0%M:EIH_P!Z
M!\Q SF@""XC2),8"L =H]\5P]Q@W&2/7<,=<UU$\^;AI&7<A4X/TKG5^<3.0
M?]F@ \LX5XR,CY<=*N69!DR<JW0G'7ZU7MQ\Q8(0RG+ ]P>]6GW*RN@SQN'/
M:@#9MV81D$Y.>HHI-/ :VW9^\V>M% %V9/WK@8ZU 8#CI5V0#S&^M(MNC2J-
MF>><F@!ENT,)^6(R;2 S8X)]![5K0B>Z5#,RQQH<E$7&#CC/K]/I5>"**%5D
M?YGW91<9Z^M7?-$:>2"KRLWS>] &G'.L4:HD6T*/EWGKZFG%Y)!DM\J_=.<#
MWXJIMAB(WR,68<DC) ]AVJ2*:.Y?EA;PQG:6<C)QUH UX)EMH@">2 03WX]*
MJ74C2VTC.<(1R?4?X57LYTU&5X[1':W3CS2O!^A/7ZUHWX2UM@3\[L-L:*N2
M3Z@?UH X/4;.-B\EQ^[1>I/Y\_A7)7$37<S&.,QQ_P "MP=O8GT&*]%N]&FO
M'8RA0D0W$$\*3W/J:XSQ%/!;3^1;!6 &6P<DGW- '/3E(?E+=._J:>!Y5L2,
M[F.<]Z:;.0(+B1=SM]T'H*7;)@>806].F* *S[?-XZ(W/T-6["_:TE\MFRI&
MU2>Q'_UJKM$V_:1RPQ3)%?RP=HW#@9]: .NT;4O]+,)(#9Y^G:NR>#S80T>X
MDCC!]:\G@N3$T4P.'3Y=P]/2O5O!M^FIP1[V0&+.X'H2.G- &ZN8XH[.",R;
M4"A/3_"H-5\06?ANS5YU5$+*C+'R$)/7\*N2WT]M9_:F9)+AOE"QG(#'L/6N
M(NA_;V@&SO%D2?!\U&4C!R<'WH ZX7=O_9;7MR46%>0P/#9[UY9KFOI=:B\=
MC*A&[<JI("6^N*XOQ#=>(=*@CTVXF>:PMR1$><$9X#8ZXJ+2)K76E,!MEAOH
MQN5HN X]AZT =/9ZG?:==)(D6^3<7QL!"\'L:AFO/[3N/-N[J+SR.59@"/PJ
M(:3.VZ,74I# =6KF-9O+.QN'L[.WBE=#B29QGYNX'^- ':PVT<4<ES*X6*(;
MFY[5%<I%:W"W4:LL$Z+(N\UB>&].U?6[>.VG!CTP2>8P/63VSUVUV'B (LT=
MK%"K>3$H"GH: '>'KI3JKP#D2#=QT/TJYJVHB(F)&PQSGT%8K&*PO8Y859'V
M[L*,D'VJDUT\HD>2*0NK8V.,$G- &DDY%IO9OO,3C')[5GR &)T8$%FS^ IL
M32/,S3(Y&T?2I)),:DJD@JRCY: +4*MO# ].#[J:DBP0B$C!! ;/0U/#&<8(
MY&5Z=>XJMPL)[$D?44 7--G$=J5('WCBBJEHQ\MP#P'-% '4OCS&/Z5*@R..
M&'.:@8YD;ZU8BV #S" /0]Z  /Y<3R2')'*@=S5ZUA-OMGG<(S<*@.3CZ]JS
M[^<6OE! AGP,>9Q@9S21Q75P#-<+)(6/!#''Y>E %^2\\V9ON!$RN!R2W?ZU
M&+2YUBX-L',43 <[<LW'Z"I+: 1A;>VM&+ <RMEOJ?3)KI+)#;JX51]H?[TI
M/;T ]* +%C;V^EVZ6D#F20#!<C(!IR6S&;[5/)M)&,CJ!_2ITA51R.WW!U/U
M]*BO"S+ND ;^[&.] '->(]2*6QMK1#&K\*#]YC_>-<3:Z!YDLEU><1Q\DL>I
M-=[<Z5<SR&20K"H^_)U('HO^T:Q-3#ZK(+&QA9+2$\MU:5O8#M0!R]TRS;W3
M(B5MJ8'7Z5B7))D8 XKJ+JSN&=XX40+"/+0CID]>G4]:SCI:?:O*C0R>4 9&
M;H3U.?;- &2NY!A^,CO4+J[L5C&YL@CZ5+?/$DI4;WESTA&[%6M/^Q0%3=I<
M/.PX2XGBCC0>K88,3[9% #+72XY1AUED7=RP<1+[XX+M^"UZCX,FT[2_#S8M
MI8HWD)D>2!^6'3[P!_05SMI/?+;K<VNN:796PZ8WQC\-B?-]<FNPTS74GTR6
M%-9CU>9%^=HSN R.FT_-C\* ,G5F2\FAOK2["+',)&4*=K<'.<5S\DNI'59K
MB.1GCE?!0G.% X K3O)#)*L<5O%!NR3$%,>?<8X_2JD=IJ'FADN@HW]&&>*
M''1#K&G+]LB5'<?,H[5YYKW@R?PG>VFKVC/Y(G ?:,[0>_TKU"RM[LR?O;SY
M<D[5';M6T!$(PLY26/&-K '- 'C]WJ-N+*\D5]_F1@1!>I)':CPK\-)9[6VU
M*_\ O2?/Y+C[H]QZU8\,Z.EO\4KNSF0-:V3-,BGH!_#_ #KU6Y8. 8YMG8;1
MWH Y>>PFL;:2*TCV2* 58C K"FL;UKCSYI,$9SQU]/RKJ;R"Z9B!?;?D(&0.
MOK6=+97FZ'-RD@5<-QRWXT 9T6GI!;JJ/))<%]R_Q,?458O-#DO[A&-OL)8,
M9 ZK@^X.,BKMIIC*I:!7+$[BV[+?EG-5OM<=U>?9IVAGY"$2A@ZY/3)H I2:
M'>V\LDCP$QY WJP(SZ'GBLW4;?\ >P2*@WJ=N01VK;LH#:W-Y<VDGR,[,Z?H
M?8BJEY&CRAG50 2=RC^= $NW;$9>, @D8]N:S+EPL+.#C<V0*OWA;R)$!7YV
M &.U86J7 4;.?EX^M %G3I?]';&#\YR315/2GW6SG_IH?Y"B@#MBV)F^M6@Z
MY3!.<]NM9[-^];MS4ID52GSL7/3:* )[JZLFU"-9OWNWJ9"< ^V#2F1KN2-;
M.?;ALL1G:/P[UEF.VAO$ENBK,R\!G#$?4=*Z&PF,UMYMFPCR<9D"X)_V<>E
M%FRTU1()))I2V<D%L9/TK?MYXUD,4;J9#UQRWXUE):W&P-<-)*W7<WR*?PI_
MFO$OEJZ1IZ1KB@#<>[2'.2">P%1HLDS>?,QC0\'=U8>@]*Q1?+#_ *E=V.K/
M4@U,D%F#2-_M< 4 7[Y%GAV;WAM1U9NK?3_&LMKB&VA,5O$8H""N5'S,*AFN
MU=R]Q,7<]AR!51M3C1LLX!'0#M^- !<%[F-((X+B&WZ-EQYCX]\<?A6!?QR6
MZ>0BPI&>0A8 $_[1/6K-]KZ L/-QGKCDG\ZYRYU5I&8QH"2>7>@"K-:WL]P6
MEO(H(L\%(<@?A@"KEI<Z9I//F7-[<D_>>*,#/L,'^59%S>+(^;B5Y/54./U[
M5 M_=Q?+:-#:@]73E_\ OH\_E0!T\^LZE*GFW-E+'&> ]W=^6/H!@''T%6;;
MQ-#8WBH(X9C)\K^7/A%![Y8Y/Y5Q$=B+N0F>YFDS]Y@,Y_$UJP6=C8C$,$:=
M"78[V/O0!Z(L]K=0+.TBRY&1Y8P *G%O!([[0Q^7'7J/2J?AC0-^E"ZD+>9+
M\QYZ#L/ZULQV-W:LS+.-N. 4!H CCLMK[@-I ^7GK4-[>V6F1B2ZN(8E4<>8
M1D_A5>]M-7FMY)?M4C$<I&GR UQFI^%9ECBGE#/(P+R>8^6 _'K0!CZ;XDCA
M^(%UJUQ*HM;C]V6VG 4=*]4L;ZSU!1)!>1RJ1D",Y/XBN 30HY8D\N#",GF,
MY_O#L*UK#PO)9QK,CR[VZB/"X'I0!UILP5^:,,3DY]*I3-Y,>5158<-@=:?;
MZ?>1.H6[FVL.58YQ5R337E0^=.Q[9)P* .-U.=_.PK$SAA\@/&/45%%<-L5Y
MT64J0 [?>&/?O^-1O;/;:FS3LQ>'(.3GD_TICD1D9'&\8'OUH >H-K#B%CN=
MRRD<$\U)>R)),%4!6 &_TS507 %PTKX"L=V/3T%4[F[VE@6Y^^Y_I0 :A>G[
M@.3U/-<OJ%R68*ISS_\ K-3WEZ6+-GZ5D,^]BW44 =1HCK]A(Z8<]_845!HQ
MS9,<?QG^0HH [<MF5C@$Y[T^,D$8*Y]^<54:3$S9/>I/M(12^,MC  % %BX"
M22K%YD;,3N,8 #-^)'2M:V$T,4:VMJWVICM4X+A1W( X'%8FFLLMT?-M2Z[N
M70\K776&I:8ZX5KAG3[Y"$*<=N/_ -5 $D4$LD/[^\C##&68'\<*/\:2X>RB
M'$[RGW3:!5A[FU1MXB4$\DFJ%SJ=LK9^7![[>: *4^IVL?S*Y8YX4*?RZ5EW
M&N(>F_Z5HS7=I*I8+*^?U_6J+S6XZ6[D=?N _P Z ,B?6"Q_=IC/XUGS7MQ)
MD?-SQ@#%;DM^JC'V9%Q_>P*S[G5"!S IP.ZY'ZT 8%Q-(K;=K!O15)/^-9US
M)*#AHV!/]_J?PK8N=7=N?+P#QM!V_P#H-9,]^,'9&@SZ+R?Q- %1O.;.%/U/
M%,PPPSOQ[4C7;DG&UO\ 9S31^]8'RY Y[",F@"VDULOWG*GIN9NOX5K:3!!<
MW4*@M,I< (IVH?J:Q-GDI^\ 5B/ND#/Y=:T+*61C\L008Q][!Q]: /:M.U>S
M5#%#.C^6-A"*<9'OWK9CE22+=D,?0=S7EWA]F_C>&WA4=CCOZD\UW=M>2$*(
MXL \*[M@#W [T 7Y8&9\LQQZ"J5S9P23,TB!F"8R><5(=4B$FWS%*I[]3ZU5
MOM4BBF*L<9&3GTH 2ULXE98@@"D'( X%6H;?9; *?O'C/:F65Q'=!98CE""0
MWJ*M>;&'$*\E0.GJ:  ((K;>^..:QO$.JB*P41GYWY^4],50\3>)H[:064#J
MS*X#D'T&2!7&7^M3>0J;LN26*$YQZ9H MW=Z7F,DG) P3ZUES78<"1V^5?N+
MGJ?4UFR7A8?.Y;'WB.F?050GNGE;:!P/R% &I)>AWV*PXY:J%Q<F3Y 203U/
M>JWF *5S@=SZU \A8\'- #95:5L#[H.!CN:C"8&:<0Q/)(.. *D,9:(^G>@#
M:T5L63#/20_R%%/T<+]C;(YW\GUX%% '0NY$S]_F--R68#]?042C]ZV?4XI,
M'/8T :4#MY"QQ,L4>>6QSCN:NK>10N?*9<!LH77( [5D0QF16+'Y2<'N3]!5
MV*QCD$FR![A<#*!L$'K@#J30!LV\]E';![Z62[O68%%AR$&>Q/0=NO2K4ETL
MEHL,%K'$?XD^7&/<C.:P'.K*O[^W-I&O"Q>6V7^O6G(EYM(,$BY'+ XQ^% %
MB33Y/,.VV!.,[EE"X/XTD%I<,=EQ'#,H[9PP_%3@TL$L\;!EMU50<_/R36BK
MM*%RLR =EC !_6@#/F\.^>04FFC'=2X(J(^$I#&=LHW=VY;]*W(7DB.Y(R3Z
ML14YU2ZQ\H0XX&#0!PMYX0*O\UU<Y_V !_.L:7PNT>2L%Q(!_$[;17H5W=WK
MJ6,X3Z FN5U*X"L2\N]NV]@/YT <\VDO#QFV0^@;<1^6:8;&Y88 G8?41+^N
M3^E%QJ\:G:LP+>D0S^M49KZXDR?+8 ]Y6Q0!9.GQ0'=-+#'ZA"7;\S5:XNH$
MPD991GDMWJC+-*_'F?0(*KLBKR_/JHY_,T ;UM>J4!5W14.=W3-:#:]=*J[I
MY<,.N_!-<I'<M')@;?;/W4]ZL&Z7E( 9I#]^=^F?04 =9#KXCMP"%4*=Q8OG
M)]ZDCUM=4O!+-=IM09)Y"J!W]ZY /&IVD^:YZ!CP#36;<-NX!0<X7UH ]*D\
M=VUI;-:6,>7";8L]![FL'_A+KFVW&-V,C9RY.3N/>N6@C9D9@FV,<D_WOJ:6
M5O+V_)N.>3V'M0!>%U(RR2NQ5Y#DR$\X[FH?M,00H@<(>HS\S?7TJFLT]S.4
MW#'KUP*6XN(X5P@RW8>GO0 LEQSM50 .P[57>;CEOPJL9/*4\DN>35:69MO.
M,_RH L2W 49W4Q+KY=Q__75!I-SXW4\*=P+')]/2@#3MBTLFY^_-:6W.[)X(
MK.LVV+O8[0. 3W-:=MEP,B@"YHSNMK*I&=LI _(45)ID96&4'.1(<^_ HH [
M"2"+S7^7N>](;>(-PGZT44 6[:VA+G*=!QR:8X$=U;R)E70?*0>E%% &VH\Z
MTDDD9F< 8)8\567*Q;@3D'@DYHHH G_A!R<C'-7;6".8 R L?=C110!HQ6=N
M"W[H<'OS6+J4TD  B(49[**** .2U2:61R'E<C/]XUF0:99W+DSQ&3_>=O\
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C?\:M0:?:@C]WTZ?,?\:** +\5G!M)"$9.3ACZ?6BBB@#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>x16052713313501.jpg
<TEXT>
begin 644 x16052713313501.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  9 / # 2(  A$! Q$!_\0
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MK(FC5U6TD8;E!P=IY&>_O7)^'M;N] T#4?"\KB36-,G2SL-Q_P!<DQ_</[@
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MB2&Y/0#D9JOJGC3Q]I_A^XU"73TMTL;D122SV++Y\3$A90I;Y2" "/\ :'-
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MC>0Q>9\I&#@9'/O5%O"D$NOV>OS2H^JVMFULLHBPA8]'VYZCYAC/1CS7044
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CZNHM=2U.SN[=9_-2[DL_],C3=N\L2;L8_AR1T[5WU% '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>x16052713313600.jpg
<TEXT>
begin 644 x16052713313600.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  J )$# 2(  A$! Q$!_\0
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M;W5QXHUE;B"'[/&+,Q6\447'R1QA#LZ#D'/'6K0^'FESJB:IJ&LZO$IXBO\
M4'>-AZ,BX5O^! Y[YKK** .(U#X3^$[J)?LFGC3YD?<DEOT'7Y2K94J<\C%:
M=AX#\/V<C7,VGP7NH.07O;J)7EX  VG&%    7   KI** .2O/AGX5O?#MCH
M<FG;;*RE$T/EN5??W);J<]\]>/05/IW@/1-'U<:EIGVVSF./.2*[DV7&,@>8
..I)W8R:Z:B@ HHHH _]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>x16052713313900.jpg
<TEXT>
begin 644 x16052713313900.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  7 %X# 2(  A$! Q$!_\0
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;5O$FS)7:N,9Z_G5J.-LGBBBEN]2E:*LE8__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>x16052713313901.jpg
<TEXT>
begin 644 x16052713313901.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  9 / # 2(  A$! Q$!_\0
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MK(FC5U6TD8;E!P=IY&>_O7)^'M;N] T#4?"\KB36-,G2SL-Q_P!<DQ_</[@
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MB2&Y/0#D9JOJGC3Q]I_A^XU"73TMTL;D122SV++Y\3$A90I;Y2" "/\ :'-
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MC>0Q>9\I&#@9'/O5%O"D$NOV>OS2H^JVMFULLHBPA8]'VYZCYAC/1CS7044
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CZNHM=2U.SN[=9_-2[DL_],C3=N\L2;L8_AR1T[5WU% '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>COVER
<SEQUENCE>11
<FILENAME>filename11.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>cover430.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

&nbsp; <A name="page_1"></A>

<a name="_bclPageBorder1"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">May 31, 2016</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">Securities and Exchange Commission</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">Office of Filings and Information Services</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">100 F Street, NE</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">Washington, D.C.&nbsp; 20549</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dreyfus High Yield Strategies Fund (&#8220;Registrant&#8221;)</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1933 Act File No.: </FONT><FONT style="LETTER-SPACING: -0.1pt; FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">333-48117</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1940 Act File No.: 811-08703</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CIK No.: 0001057861</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">Ladies and Gentlemen:</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">Transmitted for filing is Form N-CSR for the above-referenced Registrant for the annual period ended March 31, 2016. </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">Please direct any questions or comments to the attention of the undersigned at 412-234-5472.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">Very truly yours,</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">/s/ Sandra Findura</FONT></U></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">Sandra Findura</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">Paralegal</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times">Enclosures</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="cg times"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
