Offer Sheet. Wednesday, August 10, Yield to Worst

Transcription

1 FDIC # Issue Coupon Price BL6 Baa1/BBB+ Csx Corp 7.900% 05/01/2017 $ % 1.001% N/A $ $20, $21, EAA5 A3/A- Jp Morgan Chase & Co 2.000% 08/15/2017 $ % 1.048% N/A $0.00 $63, $63, G6K5 A1/AA+ General Elec Cap Corp Mtn Be 1.600% 11/20/2017 $ % 0.803% N/A $ $58, $58, FAB2 Baa2/A- Conocophillips Co Callable 11/17@ Greater of 100 or Make Whole - Make Whole Call Exp 11/ AB4 -/BBB- Blackrock Capital Investment C Convertible - Conditional Puts - Change of control 1.050% 12/15/2017 $ % 1.127% N/A $ $469, $470, % 02/15/2018 $ % 2.676% N/A $0.00 $16, $16, TAL6 -/BBB- Prospect Capital Corporation Convertible 5.750% 03/15/2018 $ % 3.457% N/A $4, $185, $189, AS0 Ba1/BBB- Alcoa Inc Make Whole Call Only - Make Whole Call Exp 07/ Conditional Puts - Change of control 6.750% 07/15/2018 $ % 1.942% N/A $56.25 $10, $10, E8AF6 A1/A Lloyds Tsb Bk Plc Floating/Variable Coupon - Quarterly Reset,CPN = TO THE US LIBOR Conditional Calls 3.000% 07/27/2018 $ N/A N/A N/A (n) $15.00 $10, $10, SQ23 Baa1/BBB+ Merrill Lynch Co Inc Mtn Be 0.000% 09/25/2018 $ % 0.959% N/A $0.00 $14, $14, XAR7 Ba1/BBB- General Mtrs Finl Co Inc Callable 12/19@ Whole Call Exp 12/ Conditional Puts - Change of control/rating downgrade 3.150% 01/15/2020 $ % 2.269% N/A $ $164, $165, TAA9 Baa3/BB+ Anglogold Ashanti Hldgs Plc Make Whole Call Only - Make Whole Call Exp 04/ Conditional Calls - Conditional Puts - Change of control 5.375% 04/15/2020 $ % 3.400% N/A $ $13, $14, TAQ5 -/BBB- Prospect Capital Corporation Convertible 4.750% 04/15/2020 $ % 4.974% N/A $ $17, $18, AN6 Ba1/BBB- Marathon Oil Corp Callable 05/20@ Whole Call Exp 05/ % 06/01/2020 $ % 2.941% N/A $1, $196, $197, Page 1 of 14

2 FDIC # Issue Coupon Price RAH7 Baa2/BBB Juniper Networks Inc Callable 05/20@ Whole Call Exp 05/ Conditional Puts - Change of control 3.300% 06/15/2020 $ % 1.922% N/A $ $57, $58, KKU0 Aa3/AA- Royal Bank Of Canada 2.500% 01/19/2021 $ % 1.419% N/A $ $125, $125, QAA7 B1/BBB- Ensco Plc Make Whole Call Only - Make Whole Call Exp 03/ Conditional Calls 4.700% 03/15/2021 $ % 7.444% N/A $ $44, $45, KK6 Baa1/BBB+ Citigroup Inc Conditional Calls 2.700% 03/30/2021 $ % 1.934% N/A $5, $516, $521, GFW4 Baa1/BBB+ Bank Amer Corp Make Whole Call Only - Make Whole Call Exp 04/ % 04/19/2021 $ % 1.904% N/A $4, $516, $520, BEA0 A3/BBB+ Morgan Stanley 2.500% 04/21/2021 $ % 1.906% N/A $3, $513, $517, GVU5 A3/BBB+ Goldman Sachs Group Inc Callable 03/21@100 - Conditional Calls M0EB1 A2/A- American Express Cr Corp Mtnbe Callable 04/21@ HRT9 A3/A- Jpmorgan Chase & Co Callable 05/21@ Whole Call Exp 05/ % 04/25/2021 $ % 1.915% N/A 2.250% 05/05/2021 $ % 1.568% N/A 2.400% 06/07/2021 $ % 1.779% N/A $4, $515, $519, $3, $515, $518, $2, $514, $516, AAC5 Baa2/BBB Teva Pharmaceutical Fin Neth Make Whole Call Only - Make Whole Call Exp 07/ Conditional Calls - Conditional Puts - Change of control 2.200% 07/21/2021 $ % 1.863% N/A $ $507, $508, SA0 A2/A Wells Fargo & Company 2.100% 07/26/2021 $ % 1.734% N/A $ $467, $468, AK9 Baa1/BBB+ Ebay Inc Callable 06/21@ Greater of 100 or Make Whole - Make Whole Call Exp 06/ % 08/01/2021 $ % 1.901% N/A $ $522, $523, , YUB5 -/BBB- Prospect Capital Corporation Callable 08/17@100 - Conditional Puts - Death of holder 5.500% 08/15/2021 $ % 5.500% N/A $0.00 $4,890, $4,890, Page 2 of 14

3 FDIC # Issue Coupon Price 4, GD64 A3/A- Jpmorgan Chase & Co Callable 08/19@100 - Multi-Step Coupon 08/16/ % 08/16/ % 08/16/ % 02/16/ % 1.700% 08/16/2021 $ % 2.008% N/A $0.00 $4,275, $4,275, , TMW9 -/BBB Ford Motor Credit Company Llc Callable 08/17@100 - Conditional Puts - Death of holder E3W7 A3/BBB+ Goldman Sachs Group Conditional Puts - Death of holder 2.450% 08/20/2021 $ % 2.450% N/A $0.00 $4,900, $4,900, % 11/15/2021 $ % 2.371% N/A $0.00 $30, $30, AG8 Baa2/BBB Cbs Corp Callable 12/21@ Greater of 100 or Make Whole - Make Whole Call Exp 12/ Conditional Puts - Change of control 3.375% 03/01/2022 $ % 2.123% N/A $ $17, $17, BN2 A3/A- Pnc Funding Corp Callable 02/22@ % 03/08/2022 $ % 1.750% N/A $1, $108, $109, BB4 Baa3/BBB- Motorola Solutions Inc Make Whole Call Only - Make Whole Call Exp 05/ Conditional Puts - Change of control AE3 A1/A+ Qualcomm Inc Make Whole Call Only - Make Whole Call Exp 05/ % 05/15/2022 $ % 2.902% N/A $ $31, $31, % 05/20/2022 $ % 1.732% N/A $3, $534, $538, RCM2 Baa1/BBB+ At&T Inc Callable 04/22@ Greater of 100 or Make Whole - Make Whole Call Exp 04/ Conditional Calls 3.000% 06/30/2022 $ % 2.147% N/A $1, $523, $525, TAC5 Baa3/BB+ Anglogold Ashanti Hldgs Fin Pl Make Whole Call Only - Make Whole Call Exp 08/ Conditional Calls - Conditional Puts - Change of control AT5 A2/A+ Bristol Myers Squibb Co Make Whole Call Only - Make Whole Call Exp 08/ Conditional Calls 5.125% 08/01/2022 $ % 3.984% N/A $49.83 $26, $26, % 08/01/2022 $ % 1.488% N/A $62.22 $82, $82, AT4 A1/AA Merck & Co Inc Callable 06/22@ Greater of 06/ % 09/15/2022 $ % 1.581% N/A $5, $523, $528, Page 3 of 14

4 FDIC # Issue Coupon Price VBJ2 Baa1/BBB+ Verizon Communications Inc Callable 08/22@ Greater of 100 or Make Whole - Make Whole Call Exp 08/ AJ5 Baa1/AA- Amazon.Com Callable 08/22@ Greater of 08/ % 11/01/2022 $ % 1.871% N/A 2.500% 11/29/2022 $ % 1.640% N/A $3, $516, $520, $2, $525, $528, BFJ4 A3/A- Wells Fargo & Company 3.450% 02/13/2023 $ % 2.351% N/A $95.83 $532, $533, GAR3 Aaa/AA+ Exxon Mobil Corp Callable 01/23@ Greater of 100 or Make Whole - Make Whole Call Exp 01/ BR8 Aa2/AA Berkshire Hathaway Inc Del Callable 01/23@ Greater of 100 or Make Whole - Make Whole Call Exp 01/ % 03/01/2023 $ % 1.727% N/A 2.750% 03/15/2023 $ % 1.548% N/A $6, $530, $536, $5, $537, $543, DH3 Aa2/AA Wal-Mart Stores Inc Callable 01/23@ % 04/11/2023 $ % 1.683% N/A $ $36, $37, HJJ0 Baa1/BBB+ Jpmorgan Chase & Co 3.375% 05/01/2023 $ % 2.574% N/A $4, $482, $487, AK6 Aa1/AA+ Apple Inc Make Whole Call Only - Make Whole Call Exp 05/ % 05/03/2023 $ % 1.758% N/A $3, $520, $523, HRL6 A3/A- Jpmorgan Chase & Co Callable 03/23@ % 05/18/2023 $ % 2.261% N/A $3, $513, $516, YDU6 Baa2/BBB- Morgan Stanley 4.100% 05/22/2023 $ % 2.828% N/A $4, $538, $543, AA6 A2/A+ Bristol Myers Squibb Co 7.150% 06/15/2023 $ % 2.000% N/A $ $13, $13, XBL8 A1/AA- Oracle Corp Callable 07/23@ Greater of 07/ BE3 Ba2/BBB- Leucadia Natl Corp Callable 01/23@ Whole Call Exp 01/ Conditional Puts - Change of control 2.400% 09/15/2023 $ % 2.030% N/A 5.500% 10/18/2023 $ % 4.392% N/A $1, $512, $513, $7, $429, $436, Page 4 of 14

5 FDIC # Issue Coupon Price XAD2 Baa3/BBB- American Tower Corp New Make Whole Call Only - Make Whole Call Exp 02/ Conditional Puts - Change of control AS2 Ba2/BBB- Qvc Inc Make Whole Call Only - Make Whole Call Exp 04/ Conditional Puts - Change of control/rating downgrade 5.000% 02/15/2024 $ % 2.558% N/A $0.00 $109, $109, % 04/01/2024 $ % 4.080% N/A $90.26 $5, $5, AF5 Baa3/BBB Nasdaq Inc Callable 03/24@ Greater of 100 or Make Whole - Make Whole Call Exp 03/ Conditional Calls - Conditional Puts - Change of control 3, GF47 A3/A- Jpmorgan Chase & Co Callable 08/20@100 - Multi-Step Coupon 08/19/ % 08/19/ % 08/19/ % 08/19/ % 5, JAD0 Baa3/- Jefferies Grp Llc / Cap Callable 08/19@100 - Multi-Step Coupon 08/26/ % 08/26/ % 4, KND5 -/AA- Royal Bank Of Canada Callable 08/21@100 - Multi-Step Coupon - Conditional Puts - Death of holder 08/26/ % 08/26/ % 08/26/ % 08/26/ % VCR3 Baa1/BBB+ Verizon Communications Callable 08/24@ Whole Call Exp 08/ % 06/01/2024 $ % 2.897% N/A 2.000% 08/19/2024 $ % 2.581% N/A 3.000% 08/26/2024 $ % 4.172% N/A 1.750% 08/26/2024 $ % 2.248% N/A 3.500% 11/01/2024 $ % 2.266% N/A $ $54, $55, $0.00 $3,412, $3,412, $0.00 $5,000, $5,000, $0.00 $4,883, $4,883, $4, $518, $523, GFM6 Baa3/BBB Bank Amer Corp 4.000% 01/22/2025 $ % 3.215% N/A $1, $528, $530, Page 5 of 14

6 FDIC # Issue Coupon Price LAC0 A3/BBB+ Goldman Sachs Group Inc Callable 10/24@100 - Conditional Calls 3.500% 01/23/2025 $ % 2.798% N/A $1, $526, $527, HKC3 A3/A- Jpmorgan Chase & Co Callable 10/24@ % 01/23/2025 $ % 2.481% N/A $ $524, $525, AZ3 Aa1/AA+ Apple Inc Make Whole Call Only - Make Whole Call Exp 02/ % 02/09/2025 $ % 2.067% N/A $ $516, $516, YAR6 A1/AA Merck & Co Inc Callable 11/24@ Greater of 11/ % 02/10/2025 $ % 1.957% N/A $ $530, $531, BQ1 Ba1/BBB- Hca Inc Make Whole Call Only - Make Whole Call Exp 04/ Conditional Puts - Change of control BD3 Aa2/A Shell International Fin Bv Make Whole Call Only - Make Whole Call Exp 05/ Conditional Calls 5.250% 04/15/2025 $ % 3.977% N/A $4, $273, $277, % 05/11/2025 $ % 2.242% N/A $4, $539, $544, AF0 A1/A+ Qualcomm Inc Callable 02/25@ Greater of 02/ TUC9 A2/A- Barclays Bk Plc Callable 11/16@100 - Multi-Step Coupon 05/21/ % 05/21/ % 05/21/ % 05/21/ % 05/21/ % MEU4 Baa1/BBB+ Mcdonalds Corp Med Term Nt Be Callable 02/25@ Greater of 100 or Make Whole - Make Whole Call Exp 02/ % 05/20/2025 $ % 2.318% N/A 2.500% 05/21/2025 $ % 3.544% N/A 3.375% 05/26/2025 $ % 2.307% N/A $4, $544, $548, $58.33 $10, $10, $3, $542, $545, HAA0 Ba1/BBB Embraer Netherlands Fin Make Whole Call Only - Make Whole Call Exp 06/ Conditional Calls 5.050% 06/15/2025 $ % 4.700% N/A $ $102, $103, AU8 Baa2/BBB Kohls Corp Callable 04/25@ Greater of 100 or Make Whole - Make Whole Call Exp 04/ Conditional Puts - Change of control/rating downgrade 4.250% 07/17/2025 $ % 3.533% N/A $1, $527, $528, Page 6 of 14

7 FDIC # Issue Coupon Price E5C9 A3/BBB+ Goldman Sachs Grp Inc Mtn Be Conditional Puts - Death of holder 5.100% 08/15/2025 $ % 3.240% N/A $0.00 $12, $12, E3D9 A3/BBB+ Goldman Sachs Grp Inc Mtn Be Conditional Puts - Death of holder 5.100% 09/15/2025 $ % 3.254% N/A $0.00 $28, $28, GVR2 Baa2/BBB- Goldman Sachs Group Inc Conditional Calls 4.250% 10/21/2025 $ % 3.280% N/A $6, $538, $544, BS8 Aa3/AA- Coca-Cola Company Make Whole Call Only - Make Whole Call Exp 10/ % 10/27/2025 $ % 1.956% N/A $4, $538, $542, HBJ3 Baa1/BBB- Capital One Finl Corp Callable 09/25@ % 10/29/2025 $ % 3.432% N/A $6, $530, $536, BJ2 Aaa/AAA Microsoft Corp Callable 08/25@ Greater of 08/ RCT7 Baa1/BBB+ At&T Inc Callable 11/25@ Greater of 100 or Make Whole - Make Whole Call Exp 11/ Conditional Calls BY5 Aa1/AA+ Apple Inc Callable 11/25@ Greater of 100 or Make Whole - Make Whole Call Exp 11/ GAT9 Aaa/AA+ Exxon Mobil Corporation Callable 12/25@ Whole Call Exp 12/ BY9 Aaa/AAA Johnson & Johnson Callable 12/25@ Whole Call Exp 12/ BS6 Aa2/AA Berkshire Hathaway Inc Del Callable 12/25@ Greater of 100 or Make Whole - Make Whole Call Exp 12/ DH7 Baa1/A- American Intl Group Inc Callable 01/26@ Whole Call Exp 01/ % 11/03/2025 $ % 2.052% N/A 4.125% 02/17/2026 $ % 2.864% N/A 3.250% 02/23/2026 $ % 2.252% N/A 3.043% 03/01/2026 $ % 2.140% N/A 2.450% 03/01/2026 $ % 1.853% N/A 3.125% 03/15/2026 $ % 2.249% N/A 3.900% 04/01/2026 $ % 3.053% N/A $4, $544, $549, $10, $552, $562, $7, $542, $550, $6, $538, $545, $5, $525, $531, $6, $537, $544, $7, $535, $542, BP2 Baa2/BBB Kellogg Co Make Whole Call Only - Make Whole Call Exp 04/ Conditional Puts - Change of control/rating downgrade EBE5 A2/A Target Corp Make Whole Call Only - Make Whole Call Exp 04/ Conditional Puts 3.250% 04/01/2026 $ % 2.579% N/A $7, $528, $535, % 04/15/2026 $ % 1.952% N/A $4, $524, $528, Page 7 of 14

8 FDIC # Issue Coupon Price - Change of control/rating downgrade GFX2 Baa1/BBB+ Bank Amer Corp Make Whole Call Only - Make Whole Call Exp 04/ % 04/19/2026 $ % 2.818% N/A $5, $528, $534, RW3 A2/A Wells Fargo & Company Conditional Calls 3.000% 04/22/2026 $ % 2.539% N/A $4, $519, $524, KN0 Baa1/BBB+ Citigroup Inc Conditional Calls 3.400% 05/01/2026 $ % 2.848% N/A $4, $523, $528, DV2 A1/AA Pfizer Inc Make Whole Call Only - Make Whole Call Exp 06/ % 06/03/2026 $ % 2.173% N/A $2, $525, $528, BFY1 A3/A- Wells Fargo & Co 4.100% 06/03/2026 $ % 2.915% N/A $4, $550, $554, AA5 Baa2/BBB- Under Armour Inc (Ua) Callable 03/26@100 - Make Whole Call Exp 03/ Conditional Puts - Change of control/rating downgrade XBM6 A1/AA- Oracle Corp Callable 04/26@ Greater of 04/ % 06/15/2026 $ % 2.903% N/A 2.650% 07/15/2026 $ % 2.384% N/A $2, $514, $517, $1, $511, $513, J3R8 A3/BBB+ Morgan Stanley Make Whole Call Only - Make Whole Call Exp 07/ % 07/27/2026 $ % 2.869% N/A $ $511, $511, BL5 A2/- Archer Daniels Midland Co Callable 05/26@ Greater of 100 or Make Whole - Make Whole Call Exp 05/ Conditional Puts - Change of control/rating downgrade 2.500% 08/11/2026 $ % 2.254% N/A $ $510, $511, , TMX7 -/BBB Ford Motor Credit Company Llc Callable 08/17@100 - Conditional Puts - Death of holder 3.350% 08/20/2026 $ % 3.350% N/A $0.00 $4,585, $4,585, Y9 Baa2/BBB- Morgan Stanley 4.350% 09/08/2026 $ % 3.315% N/A $9, $543, $553, HRV4 A3/A- Jpmorgan Chase & Co Callable 07/26@ Whole Call Exp 07/ % 10/01/2026 $ % 2.723% N/A $ $509, $510, Page 8 of 14

9 FDIC # Issue Coupon Price AAE1 Baa2/BBB Teva Pharmaceutical Fin Neth Make Whole Call Only - Make Whole Call Exp 10/ Conditional Calls - Conditional Puts - Change of control 3.150% 10/01/2026 $ % 2.801% N/A $1, $515, $516, GFL8 Baa3/BBB Bank Of America Corp 4.250% 10/22/2026 $ % 3.345% N/A $6, $538, $545, JC6 Baa3/BBB Citigroup Inc Conditional Calls 4.300% 11/20/2026 $ % 3.445% N/A $5, $536, $541, HJZ4 Baa1/BBB+ Jpmorgan Chase & Co 4.125% 12/15/2026 $ % 3.071% N/A $3, $546, $549, GES9 Baa2/BBB- Goldman Sachs Group Inc Make Whole Call Only - Make Whole Call Exp 01/ Conditional Calls 5.950% 01/15/2027 $ % 3.578% N/A $ $180, $181, AN9 Baa2/BBB+ Becton Dickinson & Co 7.000% 08/01/2027 $ % 3.099% N/A $ $272, $272, QAB6 B1/BBB- Ensco Intl Inc Make Whole Call Only - Make Whole Call Exp 11/ AU0 Ba1/BBB- Aluminum Co Amer Make Whole Call Only - Make Whole Call Exp 01/ HAZ8 Baa1/BBB+ 21st Centy Fox Amer Inc Conditional Calls - Conditional Puts - Change of control 5, CAY5 -/BBB- Discover Financial Services Callable 05/28@100 - Conditional Puts - Death of holder 7.200% 11/15/2027 $ % % N/A $ $8, $8, % 01/15/2028 $ % 5.250% N/A $1, $201, $202, % 04/08/2028 $ % 3.650% N/A $9, $497, $507, % 08/15/2028 $ % 3.500% N/A $0.00 $5,000, $5,000, , GD98 A3/A- Jpmorgan Chase & Co Callable 08/21@100 - Multi-Step Coupon 08/18/ % 08/18/ % 08/18/ % 08/18/ % 2.500% 08/18/2028 $ % 3.044% N/A $0.00 $4,705, $4,705, EB5 A2/BBB+ Southern Calif Edison Co Make Whole Call Only - Make Whole Call Exp 04/ % 04/01/2029 $ % 3.331% N/A $5, $290, $296, Page 9 of 14

10 FDIC # Issue Coupon Price 4, FA63 -/A National Rural Utilities Cooperative Finance Corp Conditional Puts - Death of holder 3.000% 08/15/2029 $ % 3.000% N/A $0.00 $4,930, $4,930, WSP6 Baa1/BBB+ Bank Of America Corp Callable 04/19@100 - Multi-Step Coupon 04/29/ % 04/29/ % 04/29/ % 04/29/ % 04/29/ % 4, TNJ4 A3/BBB+ Goldman Sachs Group Inc Callable 08/17@100 - Multi-Step Coupon 08/17/ % 08/17/ % 08/17/ % 08/17/ % 08/17/ % 4, WTB6 -/BBB+ Bank Of America Corp Callable 08/19@100 - Multi-Step Coupon 08/19/ % 08/19/ % 08/19/ % 08/19/ % 08/19/ % 3.000% 04/29/2031 $ % 3.524% N/A 3.000% 08/17/2031 $ % 3.520% N/A 3.000% 08/19/2031 $ % 3.335% N/A $ $15, $15, $0.00 $4,960, $4,960, $0.00 $4,830, $4,830, AT8 Baa1/BBB Columbus Southern Pwr Co Make Whole Call Only - Make Whole Call Exp 03/ % 03/01/2033 $ % 3.980% N/A $10, $439, $449, AH4 Baa3/BBB- Placer Dome Inc Make Whole Call Only - Make Whole Call Exp 03/ Conditional Calls AM6 Ba1/BBB- Amerada Hess Corp Make Whole Call Only - Make Whole Call Exp 03/ % 03/01/2033 $ % 5.365% N/A $ $27, $28, % 03/15/2033 $ % 5.617% N/A $1, $46, $47, Page 10 of 14

11 FDIC # Issue Coupon Price VAA1 Baa3/BBB- Barrick Gold Fin Co Make Whole Call Only - Make Whole Call Exp 11/ Conditional Calls 5.800% 11/15/2034 $ % 5.182% N/A $ $37, $38, VAK6 Ba1/BBB- General Motors Co Callable 10/35@ Whole Call Exp 10/ % 04/01/2036 $ % 4.591% N/A $6, $251, $257, YAC7 Baa2/BBB- Goldman Sachs Group Inc Make Whole Call Only - Make Whole Call Exp 05/ Conditional Calls 6.450% 05/01/2036 $ % 4.496% N/A $1, $125, $127, , TNG0 A3/BBB+ Goldman Sachs Group Inc Callable 08/17@100 - Multi-Step Coupon 08/17/ % 08/17/ % 08/17/ % 08/17/ % 08/17/ % 08/17/ % 4, T3BS1 Baa1/BBB+ Citigroup Inc Callable 08/21@100 - Multi- Step Coupon - Conditional Puts - Death of holder 08/18/ % 08/18/ % 08/18/ % 08/18/ % 08/18/ % 4, GD56 A3/A- Jpmorgan Chase & Co Callable 12/23@100 - Multi-Step Coupon 08/18/ % 08/18/ % 08/18/ % 08/18/ % 08/18/ % 08/18/ % 08/18/ % 3.125% 08/17/2036 $ % 3.801% N/A 3.250% 08/18/2036 $ % 3.462% N/A 3.000% 08/18/2036 $ % 3.507% N/A $0.00 $4,096, $4,096, $0.00 $4,382, $4,382, $0.00 $4,965, $4,965, Page 11 of 14

12 FDIC # Issue Coupon Price BL6 Baa1/A- Southwestern Pub Svc Co Make Whole Call Only - Make Whole Call Exp 10/ XAB3 Baa2/BBB Pitney Bowes Inc Glbl Mtn Make Whole Call Only - Putable 01/17@100 - Make Whole Call Exp 01/ AK7 Ba1/BBB- Alcoa Inc Make Whole Call Only - Make Whole Call Exp 02/ Conditional Puts - Change of control/rating downgrade SBC2 Baa3/BBB Nationsbank Corp Mtn Sub Nt Be Putable 03/17@ YAL4 Baa2/BBB Valero Energy Corp New Make Whole Call Only - Make Whole Call Exp 06/ GFD1 Baa2/BBB- Goldman Sachs Group Inc Make Whole Call Only - Make Whole Call Exp 10/ Conditional Calls AM8 Baa2/BBB Newmont Mining Corp Make Whole Call Only - Make Whole Call Exp 10/ Conditional Puts - Change of control AY9 Baa1/A- Protective Life Corp Make Whole Call Only - Make Whole Call Exp 10/ TAB7 Baa3/BB+ Anglogold Ashanti Hldgs Fin Pl Make Whole Call Only - Make Whole Call Exp 04/ Conditional Calls - Conditional Puts - Change of control VAE5 Baa2/BBB Southern Copper Corp Make Whole Call Only - Make Whole Call Exp 04/ Conditional Puts - Change of control AM1 Baa2/BBB Western Un Co Make Whole Call Only - Make Whole Call Exp 06/ Conditional Puts - Change of control BR3 Baa2/BBB Hewlett Packard Co Make Whole Call Only - Make Whole Call Exp 09/ AW5 Baa1/BBB+ Corning Inc Make Whole Call Only - Make Whole Call Exp 03/ Conditional Puts - Change of control 6.000% 10/01/2036 $ % 3.849% N/A $2, $123, $125, % 01/15/2037 $ % 4.850% N/A $1, $366, $368, % 02/01/2037 $ % 5.578% N/A $ $260, $260, % 03/07/2037 $ % 4.837% N/A $1, $70, $71, % 06/15/2037 $ % 5.307% N/A $ $29, $29, % 10/01/2037 $ % 4.587% N/A $5, $258, $263, % 10/01/2039 $ % 4.957% N/A $2, $117, $119, % 10/15/2039 $ % 5.219% N/A $ $21, $21, % 04/15/2040 $ % 6.126% N/A $ $41, $42, % 04/16/2040 $ % 5.807% N/A $3, $168, $171, % 06/21/2040 $ % 5.557% N/A $ $16, $16, % 09/15/2041 $ % 5.812% N/A $3, $153, $157, % 03/15/2042 $ % 4.145% N/A $2, $137, $140, Page 12 of 14

13 FDIC # Issue Coupon Price AC2 Baa2/BBB+ Hartford Finl Svcs Group Inc Del Make Whole Call Only - Make Whole Call Exp 04/ VAG0 Baa2/BBB Southern Copper Corp Make Whole Call Only - Make Whole Call Exp 11/ Conditional Puts - Change of control 6.625% 04/15/2042 $ % 4.514% N/A $1, $98, $100, % 11/08/2042 $ % 5.484% N/A $2, $145, $147, RBH4 Baa1/BBB+ At&T Inc Callable 06/42@ Greater of 100 or Make Whole - Make Whole Call Exp 06/ Conditional Calls 4.300% 12/15/2042 $ % 4.197% N/A $1, $166, $167, PAP7 Baa2/BBB- Viacom Inc New Make Whole Call Only - Make Whole Call Exp 03/ % 03/15/2043 $ % 5.151% N/A $3, $170, $174, AR9 A3/A+ Loews Corp Callable 11/42@ Greater of 11/ PAU6 Baa2/BBB- Viacom Inc New Callable 03/43@ Greater of 100 or Make Whole - Make Whole Call Exp 03/ Conditional Puts - Change of control 4.125% 05/15/2043 $ % 3.757% N/A 5.850% 09/01/2043 $ % 5.265% N/A $ $79, $80, $3, $156, $159, CAN2 Ba2/BBB Diamond Offshore Drilling Inc Callable 05/43@ Greater of 100 or Make Whole - Make Whole Call Exp 05/ FAN4 Baa3/BBB- Williams Partners L P Callable 09/43@ Whole Call Exp 09/ BA7 Aa1/AA+ Apple Inc Make Whole Call Only - Make Whole Call Exp 02/ % 11/01/2043 $ % 6.813% N/A $2, $119, $121, % 03/04/2044 $ % 5.468% N/A $2, $99, $101, % 02/09/2045 $ % 3.504% N/A $71.88 $123, $123, LAF3 Baa2/BBB- Goldman Sachs Group Inc Conditional Calls 5.150% 05/22/2045 $ % 4.508% N/A $ $72, $73, AV6 Baa2/BBB Kohls Corp Callable 01/45@ Greater of 100 or Make Whole - Make Whole Call Exp 01/ Conditional Puts - Change of control VCM4 Baa1/BBB+ Verizon Communications Inc Make Whole Call Only - Make Whole Call Exp 08/ % 07/17/2045 $ % 5.628% N/A $ $191, $192, % 08/21/2054 $ % 4.334% N/A $4, $208, $212, AAJ1 Baa2/BBB Marathon Pete Corp Callable 03/54@ Whole Call Exp 03/ Conditional Puts - Putable upon covenant violation 5.000% 09/15/2054 $ % 5.562% N/A $3, $154, $158, Page 13 of 14

14 FDIC # Issue Coupon Price BE3 Aaa/AAA Microsoft Corp Callable 08/54@ Greater of 08/ AD3 Ba2/BBB- Emera Inc Callable 06/26@100 - Fixed to Float - RATE = 6.75%RATE = 3M LIBOR + 544BPRATE = 3M LIBOR + 619BP - Conditional Calls - FIX TO FLOAT 4.000% 02/12/2055 $ % 3.757% N/A 6.750% 06/15/2076 $ N/A N/A N/A (n) $41.67 $131, $131, $4, $490, $495, Weighted Averages and Totals 3.175% $ % 3.109% $344,373.29$110,229,983.8 $110,574, Avg Coupon Avg Yrs Avg Price Avg Avg Total Interest Total Principal Total Investment (n) Floating/Variable rate - Call - (p) Par Call - (w) Middle Call - (u) Put - (dis) Discount Yield - (r) Pre-Refund - (t) Mandatory Put - (f) Called in Full The information provided herein, while not guaranteed as to timeliness, accuracy or completeness, has been obtained from sources which we believe to be reliable. Under no circumstances should the information provided herein be construed as an offer to sell or solicitation of an offer to buy a particular security. Prices, yields, and availability are time sensitive and subject to change. Certain call or special redemption features may exist which could impact yield. On fixed income securities, accrued interest changes daily. Please contact your Financial Consultant for more information. Use of AMT bonds in accounts that are subject to AMT can have an altered affect on the actual yield. Please contact your Tax Advisor for more information. Avg Duration Page 14 of 14