Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SANDISK CORP	38,250,000	$38.14M	8.2%	$1.00	—	NOTE 1.000% 5/1	80004CAC5
—	MEDTRONIC INC	37,850,000	$37.86M	8.1%	$1.00	—	NOTE 1.625% 4/1	585055AM8
—	CADENCE DESIGN SYSTEM INC	27,500,000	$27.44M	5.9%	$1.00	—	NOTE 1.500%12/1	127387AF5
—	GREATBATCH INC	19,689,000	$19.68M	4.2%	$1.00	—	SDCV 2.250% 6/1	39153LAB2
ADP	AUTOMATIC DATA PROCESSING IN	304,428	$17.33M	3.7%	$56.93	—	COM	053015103
—	JDS UNIPHASE CORP	16,000,000	$15.93M	3.4%	$1.00	—	NOTE 1.000% 5/1	46612JAD3
KMI	KINDER MORGAN INC DEL	426,400	$15.06M	3.2%	$35.33	—	COM	49456B101
SYY	SYSCO CORP	433,362	$13.72M	2.9%	$31.66	—	COM	871829107
KO	COCA COLA CO	373,475	$13.54M	2.9%	$36.25	—	COM	191216100
CSCO	CISCO SYS INC	658,900	$12.95M	2.8%	$19.65	—	COM	17275R102
—	SYMANTEC CORP	669,800	$12.61M	2.7%	$18.82	—	COM	871503108
MSCI	MSCI INC	397,100	$12.31M	2.6%	$30.99	—	COM	55354G100
AZO	AUTOZONE INC	34,100	$12.09M	2.6%	$354.43	—	COM	053332102
GS	GOLDMAN SACHS GROUP INC	93,700	$11.95M	2.6%	$127.56	—	COM	38141G104
JNJ	JOHNSON & JOHNSON	162,098	$11.36M	2.4%	$70.10	—	COM	478160104
TJX	TJX COS INC NEW	248,100	$10.53M	2.3%	$42.45	—	COM	872540109
INTU	INTUIT	176,500	$10.5M	2.2%	$59.47	—	COM	461202103
ORCL	ORACLE CORP	293,619	$9.783M	2.1%	$33.32	—	COM	68389X105
CHKP	CHECK POINT SOFTWARE TECH LT	183,187	$8.727M	1.9%	$47.64	—	ORD	M22465104
PGR	PROGRESSIVE CORP OHIO	406,400	$8.575M	1.8%	$21.10	—	COM	743315103
TGT	TARGET CORP	142,700	$8.444M	1.8%	$59.17	—	COM	87612E106
NTAP	NETAPP INC	242,600	$8.139M	1.7%	$33.55	—	COM	64110D104
EBAY	EBAY INC	158,250	$8.07M	1.7%	$51.00	—	COM	278642103
WRB	BERKLEY W R CORP	210,987	$7.963M	1.7%	$37.74	—	COM	084423102
RIG	TRANSOCEAN LTD	173,279	$7.739M	1.7%	$44.66	—	REG SHS	H8817H100
CCL	CARNIVAL CORP	203,200	$7.472M	1.6%	$36.77	—	PAIRED CTF	143658300
—	EXPRESS SCRIPTS HLDG CO	137,165	$7.407M	1.6%	$54.00	—	COM	30219G108
UTI	UNIVERSAL TECHNICAL INST INC	589,619	$5.92M	1.3%	$10.04	—	COM	913915104
—	ENGILITY HLDGS INC	306,369	$5.901M	1.3%	$19.26	—	COM	29285W104
—	SONIC CORP	563,700	$5.868M	1.3%	$10.41	—	COM	835451105
—	ELLINGTON FINANCIAL LLC	250,000	$5.615M	1.2%	$22.46	—	COM	288522303
—	COMMONWEALTH REIT	257,659	$4.081M	0.9%	$15.84	—	COM SH BEN INT	203233101
—	FOSSIL INC	40,000	$3.724M	0.8%	$93.10	—	COM	349882100
—	KELLOGG CO	66,560	$3.717M	0.8%	$55.84	—	COM	487836108
MMM	3M CO	39,725	$3.688M	0.8%	$92.84	—	COM	88579Y101
—	COACH INC	65,600	$3.641M	0.8%	$55.50	—	COM	189754104
CLX	CLOROX CO DEL	48,565	$3.556M	0.8%	$73.22	—	COM	189054109
GIS	GENERAL MLS INC	87,952	$3.555M	0.8%	$40.42	—	COM	370334104
MCD	MCDONALDS CORP	40,184	$3.545M	0.8%	$88.22	—	COM	580135101
CL	COLGATE PALMOLIVE CO	33,504	$3.503M	0.7%	$104.55	—	COM	194162103
ABT	ABBOTT LABS	53,383	$3.497M	0.7%	$65.51	—	COM	002824100
PEP	PEPSICO INC	50,622	$3.464M	0.7%	$68.43	—	COM	713448108
NSC	NORFOLK SOUTHERN CORP	56,016	$3.464M	0.7%	$61.84	—	COM	655844108
PG	PROCTER & GAMBLE CO	50,343	$3.418M	0.7%	$67.89	—	COM	742718109
XOM	EXXON MOBIL CORP	38,557	$3.337M	0.7%	$86.55	—	COM	30231G102
—	ENSCO PLC	56,289	$3.337M	0.7%	$59.28	—	SHS CLASS A	G3157S106
INTC	INTEL CORP	159,452	$3.288M	0.7%	$20.62	—	COM	458140100
WMT	WAL-MART STORES INC	46,453	$3.169M	0.7%	$68.22	—	COM	931142103
—	KINDER MORGAN INC DEL	794,000	$3.001M	0.6%	$3.78	—	*W EXP 05/25/201	49456B119
DRI	DARDEN RESTAURANTS INC	66,296	$2.988M	0.6%	$45.07	—	COM	237194105
—	TIFFANY & CO NEW	18,200	$1.044M	0.2%	$57.36	—	COM	886547108
—	MAXYGEN INC	354,639	$872K	0.2%	$2.46	—	COM	577776107
—	DELL INC	59,284	$601K	0.1%	$10.14	—	COM	24702R101