Exhibit 99.3

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
U.S. Government Securities
912796BA6	UNITED STATES TREASURY		—	04/03/2014		955,000		954,048
912796BJ7	UNITED STATES TREASURY		—	05/29/2014		18,800,000		18,776,795
912796BP3	UNITED STATES TREASURY		—	06/26/2014		18,000,000		17,971,650
912810EZ7	UNITED STATES TREASURY		6.63	02/15/2027		625,000		890,006
912828CT5	UNITED STATES TREASURY		4.25	08/15/2014		440,000		459,888
912828EW6	UNITED STATES TREASURY		4.50	02/15/2016		300,000		330,819
912828FY1	UNITED STATES TREASURY		4.63	11/15/2016		825,000		929,569
912828GX2	UNITED STATES TREASURY		2.63	07/15/2017		8,800,000		11,212,207
912828KF6	UNITED STATES TREASURY		1.88	02/28/2014		8,050,000		8,142,253
912828KN9	UNITED STATES TREASURY		1.88	04/30/2014		715,000		725,046
912828KY5	UNITED STATES TREASURY		2.63	06/30/2014		495,000		506,925
912828KZ2	UNITED STATES TREASURY		3.25	06/30/2016		500,000		538,215
912828LC2	UNITED STATES TREASURY		2.63	07/31/2014		15,840,000		16,253,899
912828LP3	UNITED STATES TREASURY		3.00	09/30/2016		500,000		535,815
912828LQ1	UNITED STATES TREASURY		2.38	09/30/2014		1,000,000		1,026,760
912828LS7	UNITED STATES TREASURY		2.38	10/31/2014		4,585,000		4,715,397
912828LZ1	UNITED STATES TREASURY		2.13	11/30/2014		1,000,000		1,026,650
912828ME7	UNITED STATES TREASURY		2.63	12/31/2014		1,000,000		1,035,470
912828MH0	UNITED STATES TREASURY		2.25	01/31/2015		1,000,000		1,031,200
912828MR8	UNITED STATES TREASURY		2.38	02/28/2015		2,470,000		2,555,339
912828MY3	UNITED STATES TREASURY		0.50	04/15/2015		18,335,000		20,168,177
912828NA4	UNITED STATES TREASURY		3.13	04/30/2017		1,000,000		1,079,670
912828NG1	UNITED STATES TREASURY		2.75	05/31/2017		1,000,000		1,066,430
912828NP1	UNITED STATES TREASURY		1.75	07/31/2015		1,000,000		1,028,320
912828NV8	UNITED STATES TREASURY		1.25	08/31/2015		1,200,000		1,221,372
912828NW6	UNITED STATES TREASURY		1.88	08/31/2017		500,000		515,200
912828NZ9	UNITED STATES TREASURY		1.25	09/30/2015		1,000,000		1,018,290
912828PJ3	UNITED STATES TREASURY		1.38	11/30/2015		1,000,000		1,021,260
912828PS3	UNITED STATES TREASURY		2.00	01/31/2016		3,500,000		3,632,125
912828PZ7	UNITED STATES TREASURY		1.25	03/15/2014		8,650,000		8,716,519
912828QF0	UNITED STATES TREASURY		2.00	04/30/2016		1,000,000		1,038,450
912828QH6	UNITED STATES TREASURY		1.25	02/15/2014		1,000,000		1,006,880
912828QJ2	UNITED STATES TREASURY		2.13	02/29/2016		13,375,000		13,928,190
912828QM5	UNITED STATES TREASURY		1.00	05/15/2014		2,200,000		2,215,554
912828QP8	UNITED STATES TREASURY		1.75	05/31/2016		500,000		515,815
912828QQ6	UNITED STATES TREASURY		2.38	05/31/2018		5,000,000		5,241,100
912828QR4	UNITED STATES TREASURY		1.50	06/30/2016		1,000,000		1,024,180
912828QX1	UNITED STATES TREASURY		1.50	07/31/2016		2,175,000		2,226,917
912828RB8	UNITED STATES TREASURY		0.50	08/15/2014		1,000,000		1,003,280
912828RF9	UNITED STATES TREASURY		1.00	08/31/2016		2,000,000		2,015,340
912828RG7	UNITED STATES TREASURY		0.25	09/15/2014		49,750,000		49,765,418
912828RJ1	UNITED STATES TREASURY		1.00	09/30/2016		3,000,000		3,020,220
912828RM4	UNITED STATES TREASURY		1.00	10/31/2016		2,950,000		2,967,435
912828RS1	UNITED STATES TREASURY		0.25	11/30/2013		89,130,000		89,186,152
912828RV4	UNITED STATES TREASURY		0.25	12/15/2014		30,100,000		30,106,322
912828RX0	UNITED STATES TREASURY		0.88	12/31/2016		6,006,500		6,002,716
912828RZ5	UNITED STATES TREASURY		0.25	01/15/2015		1,000,000		999,820
912828SC5	UNITED STATES TREASURY		0.88	01/31/2017		1,000,000		998,370
912828SE1	UNITED STATES TREASURY		0.25	02/15/2015		1,000,000		999,420
912828SJ0	UNITED STATES TREASURY		0.88	02/28/2017		2,920,000		2,912,379
912828SK7	UNITED STATES TREASURY		0.38	03/15/2015		1,000,000		1,001,170
912828SL5	UNITED STATES TREASURY		0.25	03/31/2014		19,695,000		19,707,408
912828SM3	UNITED STATES TREASURY		1.00	03/31/2017		1,000,000		1,000,960
912828SP6	UNITED STATES TREASURY		0.38	04/15/2015		250,000		250,213
912828SQ4	UNITED STATES TREASURY		0.13	04/15/2017		34,755,000		36,532,166
912828SR2	UNITED STATES TREASURY		0.25	04/30/2014		75,979,000		76,026,867

1

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
912828SS0	UNITED STATES TREASURY		0.88	04/30/2017		1,000,000		994,920
912828SU5	UNITED STATES TREASURY		0.25	05/15/2015		400,000		399,336
912828SW1	UNITED STATES TREASURY		0.25	05/31/2014		7,000,000		7,003,850
912828SY7	UNITED STATES TREASURY		0.63	05/31/2017		1,000,000		983,960
912828SZ4	UNITED STATES TREASURY		0.38	06/15/2015		1,000,000		1,000,320
912828TA8	UNITED STATES TREASURY		0.25	06/30/2014		301,848,000		302,026,090
912828TB6	UNITED STATES TREASURY		0.75	06/30/2017		750,000		740,572
912828TC4	UNITED STATES TREASURY		1.00	06/30/2019		22,000,000		21,144,200
912828TD2	UNITED STATES TREASURY		0.25	07/15/2015		750,000		747,945
912828TF7	UNITED STATES TREASURY		0.13	07/31/2014		18,005,000		17,990,956
912828TG5	UNITED STATES TREASURY		0.50	07/31/2017		1,000,000		975,890
912828TH3	UNITED STATES TREASURY		0.88	07/31/2019		18,500,000		17,616,810
912828TL4	UNITED STATES TREASURY		0.25	08/31/2014		750,000		750,293
912828TM2	UNITED STATES TREASURY		0.63	08/31/2017		21,200,000		20,761,584
912828TP5	UNITED STATES TREASURY		0.25	09/15/2015		600,000		597,600
912828TQ3	UNITED STATES TREASURY		0.25	09/30/2014		700,000		700,217
912828TR1	UNITED STATES TREASURY		1.00	09/30/2019		32,500,000		31,072,925
912828TS9	UNITED STATES TREASURY		0.63	09/30/2017		3,000,000		2,932,650
912828TT7	UNITED STATES TREASURY		0.25	10/15/2015		750,000		746,633
912828TU4	UNITED STATES TREASURY		0.25	10/31/2014		126,440,000		126,479,184
912828TW0	UNITED STATES TREASURY		0.75	10/31/2017		25,985,000		25,491,284
912828TX8	UNITED STATES TREASURY		0.38	11/15/2015		11,460,000		11,434,215
912828TZ3	UNITED STATES TREASURY		0.25	11/30/2014		49,975,000		49,985,495
912828UA6	UNITED STATES TREASURY		0.63	11/30/2017		1,200,000		1,169,532
912828UC2	UNITED STATES TREASURY		0.25	12/15/2015		500,000		496,970
912828UD0	UNITED STATES TREASURY		0.13	12/31/2014		20,790,000		20,751,747
912828UE8	UNITED STATES TREASURY		0.75	12/31/2017		1,000,000		978,080
912828UF5	UNITED STATES TREASURY		1.13	12/31/2019		120,250,000		115,204,311
912828UG3	UNITED STATES TREASURY		0.38	01/15/2016		2,585,000		2,575,694
912828UH1	UNITED STATES TREASURY		0.13	01/15/2023		24,000,000		23,506,219
912828UJ7	UNITED STATES TREASURY		0.88	01/31/2018		12,315,000		12,092,837
912828UK4	UNITED STATES TREASURY		0.25	01/31/2015		54,600,000		54,587,440
912828UM0	UNITED STATES TREASURY		0.38	02/15/2016		77,500,000		77,150,478
912828UP3	UNITED STATES TREASURY		0.25	02/28/2015		62,000,000		61,954,122
912828UR9	UNITED STATES TREASURY		0.75	02/28/2018		1,000,000		975,280
912828US7	UNITED STATES TREASURY		0.38	03/15/2016		600,000		596,784
912828UT5	UNITED STATES TREASURY		0.25	03/31/2015		23,500,000		23,473,915
912828UU2	UNITED STATES TREASURY		0.75	03/31/2018		3,300,000		3,211,197
912828UW8	UNITED STATES TREASURY		0.25	04/15/2016		12,596,000		12,474,449
912828UY4	UNITED STATES TREASURY		0.13	04/30/2015		600,000		597,714
912828UZ1	UNITED STATES TREASURY		0.63	04/30/2018		57,250,000		55,311,514
912828VC1	UNITED STATES TREASURY		0.25	05/15/2016		52,500,000		51,940,874
912828VD9	UNITED STATES TREASURY		0.25	05/31/2015		600,000		598,968
912828VE7	UNITED STATES TREASURY		1.00	05/31/2018		650,000		638,651
912828VG2	UNITED STATES TREASURY		0.50	06/15/2016		65,550,000		65,273,381
912828VH0	UNITED STATES TREASURY		0.38	06/30/2015		600,000		600,210
						1,713,969,500		1,709,515,351
U.S. Government Agencies
31331KHW3	FED FARM CR BKS		1.63	11/19/2014		750,000		763,875
313375RN9	FHLB		1.00	03/11/2016		1,050,000		1,058,085
3133762C8	FHLB		0.38	11/27/2013		2,000,000		2,001,880
313379DD8	FHLB		1.00	06/21/2017		250,000		248,105
3133802C0	FHLB		1.05	07/26/2017		50,000		49,637
3133802Q9	FHLB		1.65	07/18/2019		5,000,000		4,908,000
3133812C8	FHLB		1.50	05/08/2020		4,990,000		4,698,553
313397SY8	FHLMC		—	02/11/2014		13,500,000		13,486,496
3133EAZF8	FED FARM CR BKS		0.63	03/23/2016		100,000		99,799
3133EAZU5	FED FARM CR BKS		0.45	04/24/2015		100,000		99,900

2

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
3133XVNU1	FHLB		2.75	12/12/2014		74,500,000		77,129,104
3134G3PD6	FHLMC		0.55	02/27/2014		250,000		250,408
3134G3S50	FHLMC		0.63	11/01/2016		750,000		743,213
3134G3W63	FHLMC		1.03	11/28/2017		14,400,000		14,230,224
3134G3ZH6	FHLMC		1.00	07/25/2017		75,000		74,495
3135G0BR3	FNMA		0.50	08/09/2013		4,750,000		4,751,947
3135G0BY8	FNMA		0.88	08/28/2014		4,750,000		4,783,583
3135G0CM3	FNMA		1.25	09/28/2016		10,100,000		10,211,403
3135G0ES8	FNMA		1.38	11/15/2016		1,000,000		1,013,600
3135G0HG1	FNMA		0.38	03/16/2015		1,500,000		1,500,480
3135G0MN0	FNMA		1.13	06/28/2017		150,000		149,234
3135G0NZ2	FNMA		1.13	09/12/2017		200,000		198,490
3135G0PE7	FNMA		0.38	09/25/2013		150,000		150,009
3135G0PQ0	FNMA		0.88	10/26/2017		400,000		391,252
3135G0QM8	FNMA		1.50	10/23/2019		9,925,000		9,636,877
3135G0RK1	FNMA		0.90	11/07/2017		100,000		98,473
3135G0RL9	FNMA		1.55	10/29/2019		12,625,000		12,283,241
3135G0RX3	FNMA		0.50	11/27/2015		150,000		149,916
3135G0SY0	FNMA		1.60	12/24/2020		1,505,000		1,435,319
3135G0UQ4	FNMA		0.60	03/04/2016		250,000		249,505
3135G0VX8	FNMA		0.63	09/26/2016		250,000		248,520
3135G0XG3	FNMA		1.00	05/21/2018		250,000		244,485
3135G0XH1	FNMA		0.50	05/20/2016		250,000		248,500
3135G0XM0	FNMA		1.13	05/25/2018		10,745,000		10,547,722
3136G02M2	FNMA		1.18	10/30/2018		3,690,000		3,549,289
3136G0M73	FNMA		1.13	10/03/2018		8,000,000		7,805,044
3137EAAJ8	FHLMC		5.13	10/18/2016		250,000		284,068
3137EACW7	FHLMC		2.00	08/25/2016		34,000,000		35,170,280
3137EACX5	FHLMC AGENCY		0.38	10/30/2013		2,000,000		2,001,580
3137EADA4	FHLMC		0.63	12/29/2014		2,025,000		2,034,679
3137EADC0	FHLMC		1.00	03/08/2017		82,000,000		81,628,538
3137EADF3	FHLMC		1.25	05/12/2017		6,000,000		6,011,040
3137EADL0	FHLMC		1.00	09/29/2017		200,000		197,092
3137EADN6	FHLMC		0.75	01/12/2018		600,000		581,022
31398A4M1	FNMA		1.63	10/26/2015		21,500,000		22,041,584
31398AU34	FNMA		2.38	07/28/2015		250,000		259,960
						337,330,000		339,698,503
Non U.S. Government Securities & Agencies
00254ELS9	SVENSK EXPORTKREDIT AB		1.13	04/05/2018		6,000,000		5,823,480
013051DA2	ALBERTA PROVINCE OF		2.75	12/01/2014		950,000		919,368
038461AC3	AID-EGYPT		4.45	09/15/2015		25,000,000		27,082,736
135087A38	CANADA GOVERNMENT		1.50	08/01/2015		500,000		476,654
135087A46	CANADA GOVERNMENT		1.50	09/01/2017		2,450,000		2,300,457
135087A87	CANADA GOVERNMENT		1.25	03/01/2018		1,500,000		1,387,246
135087YS7	CANADA GOVERNMENT		3.00	06/01/2014		2,015,000		1,942,000
135087YU2	CANADA GOVERNMENT		2.00	12/01/2014		8,860,000		8,493,376
135087ZC1	CANADA GOVERNMENT		2.50	06/01/2015		2,500,000		2,427,438
135087ZF4	CANADA GOVERNMENT		3.00	12/01/2015		1,100,000		1,084,292
135087ZG2	CANADA GOVERNMENT		2.50	09/01/2013		1,700,000		1,615,048
135087ZN7	CANADA GOVERNMENT		2.00	03/01/2014		400,000		381,403
135087ZP2	CANADA GOVERNMENT		2.00	08/01/2013		1,250,000		1,185,905
135087ZQ0	CANADA GOVERNMENT		2.75	09/01/2016		5,450,000		5,369,653
135087ZR8	CANADA GOVERNMENT		2.25	08/01/2014		5,200,000		4,986,561
135087ZT4	CANADA GOVERNMENT		1.50	11/01/2013		650,000		617,009
135087ZV9	CANADA GOVERNMENT		1.50	03/01/2017		4,400,000		4,160,683
135087ZX5	CANADA GOVERNMENT		1.00	02/01/2015		3,000,000		2,835,044
282645AQ3	EKSPORTFINANS A/S		5.50	05/25/2016		200,000		207,398
28264QGC2	EKSPORTFINANS A/S		5.50	06/26/2017		3,500,000		3,597,288

3

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
28264QR63	EKSPORTFINANS A/S		3.00	11/17/2014		2,000,000		2,001,012
500769BM5	KREDITANSTALT FUER WIEDERAUFBA		4.38	02/09/2016		900,000		908,803
642866FT9	NEW BRUNSWICK PROVINCE OF		4.50	02/04/2015		900,000		894,733
683234WM6	ONTARIO PROVINCE		4.50	03/08/2015		900,000		897,035
68323AAW4	ONTARIO PROVINCE		3.15	06/02/2022		12,400,000		11,711,302
68323ABJ2	ONTARIO PROVINCE		0.95	05/26/2015		3,800,000		3,824,662
748148RK1	QUEBEC PROVINCE		5.25	10/01/2013		850,000		813,780
803854JF6	SASKATCHEWAN PROVINCE		5.25	06/03/2014		900,000		884,568
D20658J64	GERMANY (FEDERAL REPUBLIC OF)		3.50	01/04/2016		19,800,000		27,828,162
D20659V35	GERMANY (FEDERAL REPUBLIC OF)		2.00	01/04/2022		19,500,000		26,467,922
G924507Q5	UNITED KINGDOM GILT		2.75	01/22/2015		6,050,000		9,511,878
G92451GE0	UNITED KINGDOM GILT		1.75	01/22/2017		8,690,000		13,563,665
G9T44MEB4	UNITED KINGDOM GILT		1.00	09/07/2017		570,000		858,986
H7351MFG3	SWITZERLAND (CONFEDERATION OF)		4.25	06/05/2017		1,850,000		2,260,514
J1348FAB1	EKSPORTFINANS A/S		0.89	06/16/2015		100,000,000		942,652
P4R0C9EK5	MEXICAN BONOS		7.75	11/13/2042		987,558		8,195,398
P9767GWU1	MEXICAN BONOS		8.00	12/07/2023		1,900,000		17,009,149
Q0819ACW8	AUSTRALIA COMMONWEALTH OF		5.75	05/15/2021		26,500,000		27,833,436
						285,122,558		233,300,693
State and Municipal
4521518V8	ILLINOIS ST		4.42	01/01/2015		10,998,000		11,451,008
64966B3L5	NEW YORK N Y		0.98	01/15/2016		5,250,000		5,256,825
64971M5E8	NEW YORK NY CITY TRANSITIONAL		4.08	11/01/2020		3,000,000		3,176,490
679110EF9	OKLAHOMA ST STUDENT LN AUTH		0.69	09/12/2019		937,362		930,809
74526QZL9	PUERTO RICO ELEC PWR AUTH		5.00	07/01/2020		2,000,000		2,011,160
83714RBA0	SOUTH CAROLINA STUDENT LN		0.36	12/02/2019		3,112,734		3,092,128
91412GSB2	UNIVERSITY CALIFORNIA		1.80	07/01/2019		7,500,000		7,290,150
98458PAB1	YALE UNIVERSITY		2.90	10/15/2014		400,000		412,098
						33,198,096		33,620,668
Agency MBS
01F022477	FNMA		2.50	12/23/2020		14,440,000		14,523,481
01F030678	FNMA		3.00	02/26/2030		13,740,000		13,430,850
01F032674	FNMA		3.50	10/29/2029		75,925,000		77,087,602
01F040677	FNMA		4.00	10/16/2028		43,000,000		44,793,906
01F040685	FNMA		4.00	11/06/2028		3,000,000		3,116,953
01F042673	FNMA		4.50	07/13/2036		14,420,000		15,258,163
01F042681	FNMA TBA		4.50	04/09/2025		2,000,000		2,112,266
01F050676	FNMA TBA		5.00	05/28/2025		2,230,000		2,400,386
01F052672	FNMA TBA		5.50	07/01/2033		1,325,000		1,439,488
01F052680	FNMA TBA		5.50	08/02/2025		22,000,000		23,871,719
01N040678	GNMA		4.00	02/09/2030		1,000,000		1,049,219
01N050677	GNMA TBA		5.00	05/06/2025		1,000,000		1,078,438
02R030673	FHLMC GOLD		3.00	10/08/2030		4,275,000		4,168,125
02R032679	FHLMC GOLD		3.50	06/17/2030		4,355,000		4,410,798
21H022671	GNMA		2.50	06/02/2030		3,000,000		2,798,438
21H030674	GNMA		3.00	10/13/2030		4,900,000		4,846,406
31283HVE2	FHLMC GOLD		6.00	05/24/2025		9,583		10,525
31283HWZ4	FHLMC GOLD		6.00	06/25/2025		6,528		7,169
31283K4C9	FHLMC GOLD		5.00	03/20/2017		3,873,171		4,102,336
31283KJU3	FHLMC GOLD		6.50	04/05/2014		91,991		94,281
31283KN87	FHLMC GOLD		5.00	09/15/2015		1,042		1,104
3128GNW87	FHLMC GOLD		5.00	04/06/2015		797		804
3128GNY77	FHLMC GOLD		5.00	04/05/2015		6,341		6,708
3128GP3U5	FHLMC GOLD		5.00	05/06/2015		1,011		1,069
3128GP3V3	FHLMC GOLD		5.00	05/07/2015		6,797		7,190
3128GP4U4	FHLMC GOLD		5.00	05/11/2015		2,691		2,851
3128GP7M9	FHLMC GOLD		5.00	05/06/2015		843		851
3128GPSA2	FHLMC GOLD		5.00	04/19/2015		1,120		1,133

4

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
3128GQ3Q2	FHLMC GOLD		5.00	05/23/2015		2,004		2,119
3128GQ6E6	FHLMC GOLD		5.00	05/22/2015		2,397		2,532
3128GQGA3	FHLMC GOLD		5.00	05/06/2015		2,481		2,625
3128GQJT9	FHLMC GOLD		5.00	05/07/2015		2,006		2,126
3128GQK26	FHLMC GOLD		5.00	05/06/2015		4,396		4,643
3128GQK34	FHLMC GOLD		5.00	05/07/2015		1,027		1,040
3128GQKB6	FHLMC GOLD		5.00	05/06/2015		1,112		1,178
3128GQP54	FHLMC GOLD		5.00	05/06/2015		4,076		4,318
3128GQQQ7	FHLMC GOLD		5.00	05/23/2015		2,908		3,081
3128GQQZ7	FHLMC GOLD		5.00	05/22/2015		5,549		5,862
3128GQSG7	FHLMC GOLD		5.00	05/22/2015		1,135		1,201
3128GQU58	FHLMC GOLD		5.00	05/23/2015		2,445		2,582
3128GQU90	FHLMC GOLD		5.00	05/22/2015		794		801
3128GQVB4	FHLMC GOLD		5.00	05/23/2015		1,599		1,694
3128GQW31	FHLMC GOLD		5.00	05/22/2015		4,117		4,349
3128GQW49	FHLMC GOLD		5.00	05/23/2015		5,781		6,107
3128GR3Y3	FHLMC GOLD		5.00	05/22/2015		5,571		5,885
3128GR6N4	FHLMC GOLD		5.00	06/25/2015		6,353		6,711
3128GRBH1	FHLMC GOLD		5.00	05/22/2015		1,538		1,629
3128GRFT1	FHLMC GOLD		5.00	06/08/2015		3,989		4,214
3128GRJD2	FHLMC GOLD		5.00	06/08/2015		1,407		1,486
3128GRLA5	FHLMC GOLD		5.00	06/09/2015		6,758		7,139
3128GRM71	FHLMC GOLD		5.00	06/08/2015		1,601		1,697
3128GRP94	FHLMC GOLD		5.00	06/07/2015		664		670
3128GRQA0	FHLMC GOLD		5.00	06/08/2015		2,714		2,875
3128GRSP5	FHLMC GOLD		5.00	06/08/2015		2,538		2,689
3128GRSY6	FHLMC GOLD		5.00	06/08/2015		3,800		4,014
3128GRUF4	FHLMC GOLD		5.00	06/09/2015		799		806
3128GRUT4	FHLMC GOLD		5.00	06/09/2015		4,351		4,609
3128GRWQ8	FHLMC GOLD		5.00	05/22/2015		320		322
3128GRYD5	FHLMC GOLD		5.00	06/25/2015		1,721		1,821
3128GS5Y9	FHLMC GOLD		5.00	06/24/2015		2,568		2,721
3128GSDJ3	FHLMC GOLD		5.00	06/24/2015		4,734		5,000
3128GSGB7	FHLMC GOLD		5.00	06/24/2015		5,167		5,458
3128GSGU5	FHLMC GOLD		5.00	06/24/2015		7,174		7,578
3128GSKE6	FHLMC GOLD		5.00	06/25/2015		6,269		6,622
3128GSKV8	FHLMC GOLD		5.00	06/24/2015		3,599		3,813
3128GSLX3	FHLMC GOLD		5.00	06/25/2015		1,274		1,348
3128GSLY1	FHLMC GOLD		5.00	06/24/2015		5,134		5,423
3128GSNL7	FHLMC GOLD		5.00	06/25/2015		1,820		1,929
3128GSQN0	FHLMC GOLD		5.00	06/24/2015		4,261		4,514
3128GSSN8	FHLMC GOLD		5.00	06/25/2015		7,898		8,343
3128GV2N9	FHLMC GOLD		5.00	09/29/2015		14,212		15,013
3128GV3C2	FHLMC GOLD		5.00	09/30/2015		6,153		6,500
3128GV3D0	FHLMC GOLD		5.00	10/01/2015		11,563		12,215
3128GV3Z1	FHLMC GOLD		5.00	10/01/2015		12,174		12,860
3128GV7G9	FHLMC GOLD		5.00	09/30/2015		3,070		3,252
3128GVBY5	FHLMC GOLD		5.00	08/30/2015		705		745
3128GVH94	FHLMC GOLD		5.00	09/14/2015		1,710		1,812
3128GVJA9	FHLMC GOLD		5.00	09/15/2015		5,586		5,901
3128GVJB7	FHLMC GOLD		5.00	09/15/2015		4,287		4,542
3128GVJQ4	FHLMC GOLD		5.00	09/15/2015		5,977		6,314
3128GVLF5	FHLMC GOLD		5.00	09/15/2015		3,024		3,204
3128GVLH1	FHLMC GOLD		5.00	09/15/2015		3,953		4,176
3128GVLJ7	FHLMC GOLD		5.00	09/16/2015		8,626		9,113
3128GVMM9	FHLMC GOLD		5.00	08/30/2015		751		758
3128GVNL0	FHLMC GOLD		5.00	09/15/2015		3,744		3,966
3128GVNM8	FHLMC GOLD		5.00	09/16/2015		3,120		3,295

5

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
3128GVNN6	FHLMC GOLD		5.00	09/17/2015		5,492		5,962
3128GVNV8	FHLMC GOLD		5.00	09/13/2015		1,655		1,751
3128GVNX4	FHLMC GOLD		5.00	09/15/2015		29,405		31,062
3128GVPM6	FHLMC GOLD		5.00	09/16/2015		3,646		3,851
3128GVPN4	FHLMC GOLD		5.00	09/17/2015		2,859		3,029
3128GVPP9	FHLMC GOLD		5.00	09/16/2015		6,614		6,987
3128GVQH6	FHLMC GOLD		5.00	09/16/2015		7,833		8,274
3128GVRA0	FHLMC GOLD		5.00	09/17/2015		1,753		1,857
3128GVRC6	FHLMC GOLD		5.00	09/17/2015		4,832		5,105
3128GVRE2	FHLMC GOLD		5.00	09/14/2015		4,635		4,910
3128GVRS1	FHLMC GOLD		5.00	09/16/2015		1,851		1,961
3128GVRT9	FHLMC GOLD		5.00	09/17/2015		6,337		6,695
3128GVRY8	FHLMC GOLD		5.00	09/17/2015		28,105		29,689
3128GVT83	FHLMC GOLD		5.00	09/16/2015		8,944		9,448
3128GVTN0	FHLMC GOLD		5.00	09/16/2015		2,813		2,981
3128GVTW0	FHLMC GOLD		5.00	09/17/2015		6,293		6,648
3128GVUD0	FHLMC GOLD		5.00	09/16/2015		690		731
3128GVUE8	FHLMC GOLD		5.00	09/17/2015		5,665		5,984
3128GVUX6	FHLMC GOLD		5.00	09/30/2015		2,498		2,647
3128GVVE7	FHLMC GOLD		5.00	10/01/2015		14,522		15,340
3128GVVF4	FHLMC GOLD		5.00	10/02/2015		6,748		7,128
3128GVVJ6	FHLMC GOLD		5.00	09/29/2015		12,304		12,997
3128GVVY3	FHLMC GOLD		5.00	10/01/2015		5,330		5,630
3128GVW22	FHLMC GOLD		5.00	09/17/2015		1,971		2,083
3128GVW89	FHLMC GOLD		5.00	10/02/2015		3,361		3,562
3128GVZV5	FHLMC GOLD		5.00	10/02/2015		6,569		6,939
3128GW5Q7	FHLMC GOLD		5.00	10/17/2015		6,046		6,409
3128GW6G8	FHLMC GOLD		5.00	10/16/2015		3,754		3,966
3128GWAQ1	FHLMC GOLD		5.00	09/29/2015		1,536		1,627
3128GWAT5	FHLMC GOLD		5.00	09/30/2015		9,800		10,352
3128GWAU2	FHLMC GOLD		5.00	10/01/2015		12,335		13,030
3128GWB49	FHLMC GOLD		5.00	10/01/2015		876		926
3128GWB80	FHLMC GOLD		5.00	10/01/2015		7,270		7,680
3128GWBH0	FHLMC GOLD		5.00	09/30/2015		8,953		9,458
3128GWC89	FHLMC GOLD		5.00	10/03/2015		3,932		4,154
3128GWCL0	FHLMC GOLD		5.00	10/04/2015		6,983		7,377
3128GWCW6	FHLMC GOLD		5.00	10/02/2015		2,885		3,048
3128GWDP0	FHLMC GOLD		5.00	10/04/2015		4,300		4,543
3128GWEG9	FHLMC GOLD		5.00	10/04/2015		17,708		18,706
3128GWEK0	FHLMC GOLD		5.00	09/30/2015		4,540		4,813
3128GWEP9	FHLMC GOLD		5.00	10/01/2015		1,728		1,831
3128GWF86	FHLMC GOLD		5.00	10/01/2015		5,321		5,620
3128GWFN3	FHLMC GOLD		5.00	10/04/2015		4,253		4,506
3128GWHH4	FHLMC GOLD		5.00	10/02/2015		4,137		4,370
3128GWJG4	FHLMC GOLD		5.00	10/18/2015		11,431		12,076
3128GWK31	FHLMC GOLD		5.00	10/02/2015		5,615		5,932
3128GWK56	FHLMC GOLD		5.00	10/18/2015		5,645		5,964
3128GWMS4	FHLMC GOLD		5.00	10/18/2015		3,199		3,389
3128GWP85	FHLMC GOLD		5.00	10/16/2015		3,320		3,517
3128GWQ27	FHLMC GOLD		5.00	10/18/2015		7,754		8,191
3128GWQ92	FHLMC GOLD		5.00	10/17/2015		6,713		7,091
3128GWQN1	FHLMC GOLD		5.00	10/16/2015		6,415		6,776
3128GWQY7	FHLMC GOLD		5.00	10/17/2015		2,672		2,831
3128GWR42	FHLMC GOLD		5.00	10/18/2015		7,891		8,336
3128GWRF7	FHLMC GOLD		5.00	10/16/2015		3,901		4,121
3128GWV21	FHLMC GOLD		5.00	10/16/2015		8,063		8,518
3128GWVL9	FHLMC GOLD		5.00	10/16/2015		1,004		1,060
3128GWWM6	FHLMC GOLD		5.00	10/16/2015		887		937

6

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
3128GWXD5	FHLMC GOLD		5.00	10/16/2015		3,954		4,189
3128GWXW3	FHLMC GOLD		5.00	10/16/2015		6,334		6,691
3128GWYS1	FHLMC GOLD		5.00	10/18/2015		381		403
3128GWZQ4	FHLMC GOLD		5.00	10/16/2015		5,243		5,539
3128GX3H7	FHLMC GOLD		5.00	11/03/2015		6,402		6,763
3128GX5V4	FHLMC GOLD		5.00	10/30/2015		9,151		9,667
3128GXAX4	FHLMC GOLD		5.00	10/19/2015		14,974		15,818
3128GXBC9	FHLMC GOLD		5.00	10/18/2015		2,867		3,039
3128GXEA0	FHLMC GOLD		5.00	11/03/2015		5,357		5,659
3128GXEK8	FHLMC GOLD		5.00	11/02/2015		2,548		2,691
3128GXFT8	FHLMC GOLD		5.00	11/04/2015		7,701		8,135
3128GXHA7	FHLMC GOLD		5.00	11/04/2015		11,649		12,306
3128GXHQ2	FHLMC GOLD		5.00	11/02/2015		11,855		12,524
3128GXN36	FHLMC GOLD		5.00	11/03/2015		9,152		9,668
3128GY2H6	FHLMC GOLD		5.00	12/05/2015		7,970		8,421
3128GYF66	FHLMC GOLD		5.00	11/19/2015		2,003		2,124
3128GYG73	FHLMC GOLD		5.00	11/18/2015		9,702		10,252
3128GYKK9	FHLMC GOLD		5.00	11/19/2015		778		822
3128GYLX0	FHLMC GOLD		5.00	11/19/2015		826		833
3128GYNT7	FHLMC GOLD		5.00	12/05/2015		1,008		1,021
3128GYQC1	FHLMC GOLD		5.00	12/07/2015		7,535		7,961
3128GYS88	FHLMC GOLD		5.00	12/05/2015		299		301
3128GYTW4	FHLMC GOLD		5.00	12/05/2015		1,302		1,319
3128GYU44	FHLMC GOLD		5.00	12/05/2015		6,219		6,571
3128GYU51	FHLMC GOLD		5.00	12/06/2015		6,240		6,593
3128GYV35	FHLMC GOLD		5.00	12/06/2015		10,472		11,065
3128GYVB7	FHLMC GOLD		5.50	12/09/2015		36,242		38,717
3128GYVZ4	FHLMC GOLD		5.00	12/05/2015		7,828		8,272
3128GYZE7	FHLMC GOLD		5.00	12/05/2015		5,137		5,428
3128H22V4	FHLMC GOLD		5.00	01/09/2016		4,230		4,469
3128H25K5	FHLMC GOLD		5.00	01/07/2016		1,741		1,845
3128H26F5	FHLMC GOLD		5.00	12/20/2015		105		112
3128H26M0	FHLMC GOLD		5.50	12/24/2015		497,133		531,079
3128H26W8	FHLMC GOLD		5.50	12/07/2015		218,461		233,378
3128H27K3	FHLMC GOLD		5.00	01/08/2016		1,625		1,722
3128H2B69	FHLMC GOLD		5.00	12/05/2015		11,859		12,530
3128H2B77	FHLMC GOLD		5.00	12/08/2015		11,259		11,897
3128H2B85	FHLMC GOLD		5.00	12/06/2015		8,402		8,877
3128H2C84	FHLMC GOLD		5.00	12/05/2015		1,418		1,502
3128H2E41	FHLMC GOLD		5.00	12/22/2015		11,965		12,642
3128H2ED1	FHLMC GOLD		5.00	12/05/2015		19,695		20,810
3128H2EG4	FHLMC GOLD		5.00	12/07/2015		11,309		11,949
3128H2LV3	FHLMC GOLD		5.00	12/05/2015		8,901		9,405
3128H2LY7	FHLMC GOLD		5.00	12/22/2015		5,582		5,899
3128H2QV8	FHLMC GOLD		5.00	12/22/2015		13,080		13,821
3128H2T86	FHLMC GOLD		5.00	12/22/2015		1,419		1,499
3128H2TF0	FHLMC GOLD		5.00	12/22/2015		12,681		13,400
3128H2TJ2	FHLMC GOLD		5.00	12/22/2015		2,161		2,291
3128H2TW3	FHLMC GOLD		5.00	12/24/2015		9,260		9,784
3128H2VW0	FHLMC GOLD		5.00	12/22/2015		13,522		14,288
3128H2YM9	FHLMC GOLD		5.00	12/24/2015		2,212		2,344
3128H2YN7	FHLMC GOLD		5.00	12/21/2015		3,498		3,708
3128H2YS6	FHLMC GOLD		5.00	12/25/2015		4,540		4,813
3128H2ZJ5	FHLMC GOLD		5.00	12/22/2015		4,083		4,328
3128H2ZT3	FHLMC GOLD		5.00	01/08/2016		4,469		4,735
3128H2ZU0	FHLMC GOLD		5.00	01/09/2016		9,322		9,850
3128H32W0	FHLMC GOLD		5.00	01/08/2016		4,936		5,214
3128H3C25	FHLMC GOLD		5.00	01/09/2016		1,424		1,508

7

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
3128H3CD1	FHLMC GOLD		5.00	01/08/2016		3,066		3,239
3128H3FG1	FHLMC GOLD		5.00	01/10/2016		6,424		6,788
3128H3MN8	FHLMC GOLD		5.00	01/10/2016		12,179		12,868
3128H3N72	FHLMC GOLD		5.00	01/08/2016		3,341		3,541
3128H3RY9	FHLMC GOLD		5.00	01/23/2016		12,404		13,106
3128H3S36	FHLMC GOLD		5.00	01/11/2016		5,301		5,601
3128H3SZ5	FHLMC GOLD		5.00	01/26/2016		6,934		7,326
3128H3V65	FHLMC GOLD		5.00	01/24/2016		2,507		2,658
3128H3WF4	FHLMC GOLD		5.00	01/09/2016		5,574		5,890
3128H3XU0	FHLMC GOLD		5.00	01/24/2016		5,909		6,264
3128H45V7	FHLMC GOLD		5.00	02/14/2016		8,754		9,250
3128H4J59	FHLMC GOLD		5.00	02/11/2016		5,726		6,051
3128H4JG5	FHLMC GOLD		5.00	01/26/2016		6,754		7,160
3128H4JT7	FHLMC GOLD		5.00	02/10/2016		11,926		12,601
3128H5JX5	FHLMC GOLD		5.00	02/26/2016		10,966		11,587
3128H5RP3	FHLMC GOLD		5.00	02/26/2016		5,815		6,165
3128H5TK2	FHLMC GOLD		5.00	02/27/2016		15,486		16,363
3128H6BG8	FHLMC GOLD		5.00	02/27/2016		13,147		13,891
3128H6CZ5	FHLMC GOLD		5.00	02/27/2016		10,199		10,776
3128H6FR0	FHLMC GOLD		5.00	03/12/2016		9,131		9,648
3128H6FU3	FHLMC GOLD		5.00	03/13/2016		6,534		6,927
3128H6WU4	FHLMC GOLD		5.50	03/17/2016		115,513		124,751
3128H6XM1	FHLMC GOLD		5.00	03/14/2016		2,397		2,533
3128H6ZC1	FHLMC GOLD		5.50	03/01/2016		41,828		45,173
3128H77K2	FHLMC GOLD		5.50	04/25/2016		136,916		147,866
3128JLDM8	FHLMC		2.90	09/09/2024		152,265		160,649
3128JLEY1	FHLMC		2.90	09/09/2024		259,370		278,060
3128JLHB8	FHLMC		2.88	09/06/2024		53,812		56,722
3128JMW45	FHLMC		2.98	06/02/2025		63,155		66,566
3128JMY68	FHLMC		2.90	05/21/2025		83,239		90,636
3128JMZG5	FHLMC		2.91	05/22/2025		125,781		133,819
3128JNAL9	FHLMC		2.78	06/29/2025		142,910		152,397
3128JRP26	FHLMC		2.69	10/07/2024		1,620,626		1,730,114
3128K17K1	FHLMC GOLD		5.00	03/01/2027		2,925,427		3,117,839
3128K9KT0	FHLMC GOLD		5.50	05/27/2027		64,579		69,378
3128KA4Z1	FHLMC GOLD		6.00	09/18/2027		44,027		48,404
3128KALC3	FHLMC GOLD		6.00	09/26/2027		4,642		5,022
3128KE5H2	FHLMC GOLD		6.50	03/08/2028		114,674		127,641
3128KJ6T4	FHLMC GOLD		6.00	03/09/2028		222,962		241,210
3128KLSB4	FHLMC GOLD		5.00	12/10/2027		623,732		664,482
3128KU3J4	FHLMC GOLD		6.00	07/22/2028		218,379		236,609
3128KULK1	FHLMC GOLD		6.00	07/23/2028		3,877		4,193
3128KVAR6	FHLMC GOLD		6.50	10/10/2028		77,085		85,823
3128KWBZ5	FHLMC GOLD		6.00	08/15/2028		9,201		10,198
3128KWFX6	FHLMC GOLD		6.00	09/24/2028		19,566		21,686
3128KWFY4	FHLMC GOLD		6.00	10/13/2028		22,622		25,073
3128KWH30	FHLMC GOLD		6.00	09/24/2028		44,223		47,826
3128KWMW0	FHLMC GOLD		6.00	11/02/2028		231,019		250,621
3128KWT29	FHLMC GOLD		6.00	09/24/2028		15,335		16,996
3128KWT78	FHLMC GOLD		6.00	10/07/2028		70,214		75,789
3128KWTK9	FHLMC GOLD		6.00	11/02/2028		24,638		27,308
3128KWTP8	FHLMC GOLD		6.00	10/13/2028		19,907		22,064
3128KWTZ6	FHLMC GOLD		6.00	09/04/2028		18,464		20,465
3128KYXE4	FHLMC GOLD		6.00	05/20/2028		14,376		15,934
3128L0SP8	FHLMC GOLD		6.00	10/26/2028		7,666		8,317
3128L0SR4	FHLMC GOLD		6.00	11/05/2028		254,341		276,343
3128L1WN6	FHLMC GOLD		5.50	10/13/2028		228,440		245,334
3128L1WP1	FHLMC GOLD		6.00	12/15/2028		46,183		49,944

8

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
3128LAFP0	FHLMC GOLD		6.00	12/30/2028		1,357,675		1,468,203
3128LXUJ7	FHLMC GOLD		6.00	02/16/2028		193,691		209,544
3128M4GD9	FHLMC GOLD		6.00	04/02/2028		57,407		62,105
3128M4XA6	FHLMC GOLD		5.50	05/09/2028		1,748,397		1,887,355
3128M4YR8	FHLMC GOLD		6.00	08/09/2028		153,130		165,603
3128M4ZG1	FHLMC GOLD		6.00	07/07/2028		2,451		2,717
3128M5GA2	FHLMC GOLD		6.00	09/23/2028		472,578		511,069
3128M5J27	FHLMC GOLD		6.00	11/30/2028		280,914		304,750
3128M5NP1	FHLMC GOLD		6.00	11/18/2028		3,238		3,502
3128M5R93	FHLMC GOLD		5.50	11/10/2028		30,899		33,184
3128M5RA0	FHLMC GOLD		6.00	12/22/2028		18,218		19,702
3128M6AV0	FHLMC GOLD		5.50	11/19/2028		68,517		73,570
3128M6SA7	FHLMC GOLD		6.00	06/16/2029		550,701		595,534
3128M6SN9	FHLMC GOLD		5.00	08/13/2027		1,498,874		1,597,459
3128M6UB2	FHLMC GOLD		6.00	04/03/2029		56,040		62,096
3128M7AZ9	FHLMC GOLD		6.00	08/21/2029		153,853		170,479
3128M7PN0	FHLMC GOLD		5.00	08/19/2029		698,111		764,494
3128M7QZ2	FHLMC GOLD		5.00	04/21/2029		1,220,039		1,300,284
3128M83K8	FHLMC GOLD		4.50	11/15/2030		14,870,776		15,649,940
3128M8AV6	FHLMC GOLD		5.50	02/06/2030		4,174,543		4,482,370
3128M8CY8	FHLMC GOLD		5.00	06/24/2030		2,246,713		2,392,357
3128M8HQ0	FHLMC GOLD		4.00	01/23/2030		450,000		468,238
3128M8TX2	FHLMC GOLD		6.00	12/08/2028		1,460,468		1,580,001
3128M8VG6	FHLMC GOLD		4.00	04/20/2030		4,412,654		4,612,920
3128M9CM2	FHLMC GOLD		4.00	09/14/2016		836,102		873,018
3128MCUW3	FHLMC GOLD		4.00	04/22/2020		4,370,882		4,574,165
3128MJH94	FHLMC GOLD		5.00	08/10/2028		933,807		994,341
3128MJM98	FHLMC GOLD		4.00	05/22/2029		796,223		828,349
3128MJP95	FHLMC GOLD		4.50	07/09/2030		1,322,993		1,394,204
3128MJQD5	FHLMC GOLD		4.50	07/26/2030		952,698		1,003,978
3128MJRD4	FHLMC GOLD		4.00	11/18/2030		192,864		201,380
3128MMAC7	FHLMC GOLD		5.00	09/10/2016		324,475		343,673
3128MMM67	FHLMC GOLD		3.50	05/23/2020		512,947		533,016
3128MMNX7	FHLMC GOLD		3.50	09/27/2020		6,862,525		7,131,021
3128NCBH6	FHLMC		2.23	03/25/2025		238,506		249,134
3128P7JE4	FHLMC GOLD		5.00	11/06/2021		7,137		7,622
3128P7JH7	FHLMC GOLD		5.00	11/11/2021		138,262		147,654
3128PR7G8	FHLMC GOLD		4.00	01/27/2020		1,078,577		1,128,740
3128PRVD8	FHLMC GOLD		4.00	01/09/2020		772,882		808,828
3128PRWU9	FHLMC GOLD		4.00	01/27/2020		898,539		940,329
3128PRZ85	FHLMC GOLD		4.00	01/28/2020		452,617		473,668
3128PSBA4	FHLMC GOLD		4.00	02/13/2020		1,623,738		1,699,256
3128PUGE6	FHLMC GOLD		3.50	05/03/2020		687,486		714,384
3128PUQT2	FHLMC GOLD		3.50	06/20/2020		666,338		692,409
3128PURZ7	FHLMC GOLD		3.50	06/17/2020		843,271		876,263
3128PUVC3	FHLMC GOLD		3.50	06/12/2020		645,499		670,754
3128PUVP4	FHLMC GOLD		3.50	06/17/2020		553,878		575,548
3128PUW73	FHLMC GOLD		3.50	06/30/2020		837,993		870,780
3128PUXF4	FHLMC GOLD		3.50	06/13/2020		499,878		519,436
3128PVBD1	FHLMC GOLD		4.00	08/01/2020		3,752,043		3,932,432
3128PVCG3	FHLMC GOLD		4.00	07/23/2020		3,523,685		3,693,095
3128PWV21	FHLMC GOLD		3.00	09/08/2020		4,231,277		4,352,064
3128PWWS3	FHLMC GOLD		3.00	08/25/2020		2,575,358		2,648,875
312906J50	FHLMC		8.50	06/29/2016		46,565		52,116
312929CM2	FHLMC GOLD		6.00	08/24/2029		6,108		6,768
31292K4D6	FHLMC GOLD		4.00	11/05/2029		849,962		884,257
31292K6A0	FHLMC GOLD		4.00	01/25/2030		255,769		266,089
31292KJH1	FHLMC GOLD		6.00	07/11/2028		1,185		1,313

9

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
31292L4F9	FHLMC GOLD		3.00	10/08/2030		39,205,344		38,281,896
31292LF67	FHLMC GOLD		4.00	11/30/2030		334,263		347,810
31292SAD2	FHLMC GOLD		3.50	10/14/2030		1,273,170		1,290,881
312930LH1	FHLMC GOLD		6.00	10/16/2029		12,398		13,738
312930LQ1	FHLMC GOLD		6.00	11/14/2029		27,504		30,476
312930RC6	FHLMC GOLD		6.00	09/11/2029		17,763		19,704
312930RV4	FHLMC GOLD		6.00	09/03/2029		7,484		8,292
312930TB6	FHLMC GOLD		6.00	09/30/2029		8,729		9,684
312931D62	FHLMC GOLD		4.00	12/07/2028		155,917		162,109
312931GN2	FHLMC GOLD		6.00	10/17/2029		18,435		20,120
312931TJ7	FHLMC GOLD		5.00	05/12/2029		1,677,774		1,812,207
312932CX2	FHLMC GOLD		4.50	01/30/2029		1,560,856		1,657,997
312932ZE9	FHLMC GOLD		5.00	06/04/2029		60,887		67,052
312933F41	FHLMC GOLD		4.50	03/01/2029		447,305		470,742
3129345K4	FHLMC GOLD		5.00	08/06/2029		128,752		140,994
312934CX8	FHLMC GOLD		4.00	12/30/2028		708,299		736,431
312934ML3	FHLMC GOLD		4.00	02/05/2029		21,591		22,449
312934PJ5	FHLMC GOLD		5.00	07/10/2029		73,898		81,380
312934R38	FHLMC GOLD		5.00	06/24/2029		52,424		57,731
312934SQ6	FHLMC GOLD		4.00	02/17/2029		49,257		51,213
312935AT6	FHLMC GOLD		5.00	07/23/2029		125,386		137,309
312935KY4	FHLMC GOLD		4.50	04/22/2029		189,015		199,277
312935LV9	FHLMC GOLD		4.50	05/08/2029		139,139		146,693
312935MV8	FHLMC GOLD		4.50	05/17/2029		1,306,513		1,378,668
312936LH8	FHLMC GOLD		5.00	09/12/2029		240,736		257,044
312936LM7	FHLMC GOLD		5.00	09/08/2029		389,465		426,499
312936Y27	FHLMC GOLD		4.00	06/06/2029		207,743		215,994
3129385D1	FHLMC GOLD		5.00	10/22/2029		65,356		71,117
312938TU7	FHLMC GOLD		5.00	11/12/2029		545,774		588,121
312941TK3	FHLMC GOLD		4.00	12/13/2029		887,996		927,367
312942F83	FHLMC GOLD		4.00	11/08/2029		1,163,294		1,214,871
312942G90	FHLMC GOLD		4.00	11/25/2029		16,951		17,635
312942L52	FHLMC GOLD		4.50	01/28/2030		1,087,631		1,145,908
312943GW7	FHLMC GOLD		4.00	01/30/2030		715,497		744,367
312943HT3	FHLMC GOLD		4.00	12/21/2029		11,438,651		11,929,608
312943LY7	FHLMC GOLD		4.00	11/29/2029		339,651		354,710
312943UJ0	FHLMC GOLD		4.00	08/28/2029		38,088		39,625
312943ZY2	FHLMC GOLD		4.00	02/26/2030		722,644		751,802
312944BJ9	FHLMC GOLD		4.00	11/18/2029		3,077,163		3,209,765
312944BN0	FHLMC GOLD		4.00	12/09/2029		1,855,233		1,938,215
312944PJ4	FHLMC GOLD		4.00	12/05/2029		612,313		637,019
3129455Y0	FHLMC GOLD		4.50	11/11/2026		259,319		273,277
3129456C7	FHLMC GOLD		4.00	02/24/2030		1,072,042		1,115,491
312945NC8	FHLMC GOLD		4.00	12/26/2029		1,434,557		1,492,440
312945ZD3	FHLMC GOLD		4.00	01/23/2030		271,583		282,590
312946FN1	FHLMC GOLD		4.50	05/09/2030		1,629,546		1,717,257
312946GL4	FHLMC GOLD		4.00	02/20/2030		290,141		301,900
312946JE7	FHLMC GOLD		4.50	11/25/2026		479,772		505,596
312946X35	FHLMC GOLD		4.50	01/03/2027		1,786,932		1,883,115
31294KDZ5	FHLMC GOLD		5.00	03/04/2015		787		832
31294KFJ9	FHLMC GOLD		5.00	04/05/2015		743		786
31294KHD0	FHLMC GOLD		5.00	05/23/2015		2,656		2,806
31294KHL2	FHLMC GOLD		5.00	06/08/2015		4,193		4,429
31294KJT3	FHLMC GOLD		5.00	07/10/2015		1,834		1,943
31294KKU8	FHLMC GOLD		5.00	09/16/2015		2,322		2,453
31294MAK7	FHLMC GOLD		4.00	02/25/2020		1,574,213		1,647,427
31294MJP7	FHLMC GOLD		3.50	09/30/2020		2,894,556		3,007,805
31294NSD2	FHLMC GOLD		2.50	03/19/2021		11,002,480		11,071,707

10

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
312962CQ4	FHLMC GOLD		5.00	03/13/2016		3,710		3,933
312962CT8	FHLMC GOLD		5.00	03/13/2016		434		438
312962KD4	FHLMC GOLD		5.50	04/20/2016		58,667		63,359
312962KT9	FHLMC GOLD		5.00	04/15/2016		6,991		7,411
312962MD2	FHLMC GOLD		5.00	05/01/2016		14,272		15,080
312962Q63	FHLMC GOLD		5.50	04/22/2016		9,345		10,092
312962UW1	FHLMC GOLD		5.50	05/06/2016		604,272		652,598
312963VY4	FHLMC GOLD		5.50	05/27/2016		183,901		198,608
312963WH0	FHLMC GOLD		5.50	05/25/2016		14,491		15,650
312963ZG9	FHLMC GOLD		5.50	05/06/2016		17,368		18,757
3129642B4	FHLMC GOLD		5.50	07/12/2016		38,813		42,014
312964KG3	FHLMC GOLD		5.00	06/22/2016		1,613		1,635
312964WX3	FHLMC GOLD		5.50	04/21/2016		267,104		288,466
312965QA7	FHLMC GOLD		5.50	05/06/2016		108,698		117,391
312966WU4	FHLMC GOLD		5.50	08/16/2016		954,445		1,033,159
312968QL7	FHLMC GOLD		5.50	05/23/2016		899,567		960,992
31296NEK9	FHLMC GOLD		5.00	06/17/2025		1,446,849		1,547,881
31296QYE4	FHLMC GOLD		6.00	12/20/2025		4,236		4,671
31296SBH8	FHLMC GOLD		6.00	12/06/2025		7,126		7,858
31297SFC4	FHLMC GOLD		5.50	12/13/2026		58,428		62,908
31297US50	FHLMC GOLD		5.50	12/26/2026		70,001		75,369
3132GDC67	FHLMC GOLD		4.00	03/07/2030		395,954		412,002
3132GDRC8	FHLMC GOLD		4.50	01/01/2027		2,391,107		2,519,809
3132GDS86	FHLMC GOLD		4.50	07/17/2030		3,846,543		4,053,584
3132GE6P0	FHLMC GOLD		5.00	11/30/2030		529,571		570,624
3132GGAW5	FHLMC GOLD		4.00	07/14/2030		16,294		16,954
3132GJ3K3	FHLMC GOLD		4.00	07/21/2030		1,131,777		1,177,648
3132GLCK8	FHLMC GOLD		4.00	08/29/2030		973,802		1,013,270
3132GLLL6	FHLMC GOLD		4.00	08/01/2030		430,920		449,582
3132GLUA0	FHLMC GOLD		4.00	09/21/2030		1,825,000		1,898,966
3132GLWW0	FHLMC GOLD		4.00	08/22/2030		296,091		308,091
3132GMHA3	FHLMC GOLD		3.50	06/23/2030		1,690,108		1,713,619
3132GMJN3	FHLMC GOLD		4.00	09/18/2030		409,898		428,041
3132GRN80	FHLMC GOLD		4.00	09/30/2030		670,534		700,213
3132GRNF4	FHLMC GOLD		4.00	09/24/2030		1,550,739		1,619,209
3132GUKK9	FHLMC GOLD		3.50	09/24/2030		3,416,884		3,464,418
3132GUX90	FHLMC GOLD		3.50	10/10/2030		1,473,000		1,494,438
3132HM5D9	FHLMC GOLD		3.50	12/13/2030		1,084,614		1,099,703
3132HQEQ1	FHLMC GOLD		3.00	08/12/2030		488,951		477,343
3132HQRK0	FHLMC GOLD		3.00	11/18/2030		246,265		240,419
3132J9JD1	FHLMC GOLD		3.00	02/14/2031		1,740,169		1,698,705
31342A6F1	FHLMC		2.41	07/10/2024		290,992		306,428
31349UCW6	FHLMC		2.28	02/10/2025		136,130		144,714
31349UEJ3	FHLMC		2.38	03/10/2025		242,094		254,582
31349ULB2	FHLMC		2.40	05/06/2025		242,296		255,948
31349UMF2	FHLMC		2.38	05/21/2025		387,993		405,806
313602YQ1	FANNIE MAE FNMA_89-44		9.00	12/09/2015		42,381		47,491
3136A77K2	FNMA		2.80	07/29/2015		1,189,027		1,177,184
31371LHQ5	FNMA		4.00	10/10/2013		9,943		10,029
31371LNH8	FNMA		4.00	12/11/2013		4,488		4,529
31371LZJ1	FNMA		4.00	04/29/2014		83,543		84,984
31371M5M5	FNMA		5.50	02/01/2028		125,904		136,414
31371MEP8	FNMA		5.00	11/17/2026		4,844		5,204
31371MG92	FNMA		4.00	09/02/2014		31,355		32,604
31371N4F9	FNMA		6.00	06/10/2022		201,873		220,308
31371NP25	FNMA		5.50	10/17/2028		478,049		517,750
31379T6G4	FNMA		5.00	11/11/2013		1,383		1,397
3137A83K2	FHR_3820D DA		4.00	02/06/2015		18,563,202		20,002,420

11

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
3137AEH65	FHLMC_3917		0.69	08/22/2015		2,261,597		2,268,303
3137AEV77	FHLMC		2.70	03/26/2018		8,300,000		8,581,370
3137ANMN2	FHLMC MULTIFAMILY STRUCTURED P		2.22	11/19/2018		500,000		502,891
3137B1UG5	FHLMC		2.64	07/08/2018		7,400,000		7,049,018
31381QFF8	FNMA		3.75	01/10/2016		8,355,496		8,799,900
31382NR20	FNMA		5.50	09/08/2022		361		386
31385RB58	FNMA		8.50	12/26/2023		749,500		826,505
31385XK48	FNMA		2.36	05/10/2024		186,840		197,666
31388XVV3	FNMA		2.22	05/09/2024		4,886,734		5,049,253
31389EVA0	FNMA		6.50	05/05/2015		592,259		634,113
31389EVB8	FNMA		6.50	05/05/2015		814,887		874,080
3138A1BA8	FNMA		4.00	01/26/2030		2,178,262		2,269,938
3138A1CT6	FNMA		4.00	01/28/2026		65,512		68,269
3138A1HR5	FNMA		4.00	12/12/2029		1,559,774		1,631,069
3138A1K59	FNMA		4.00	12/30/2029		190,982		198,977
3138A1MA6	FNMA		4.00	02/11/2030		234,457		244,325
3138A1SU6	FNMA		4.00	01/11/2030		231,998		242,360
3138A2CK3	FNMA		4.00	05/01/2020		2,250,949		2,370,690
3138A2DD8	FNMA		4.00	12/24/2029		43,387		45,204
3138A2FJ3	FNMA		4.00	05/03/2020		116,153		122,332
3138A2HF9	FNMA		4.00	02/05/2030		701,468		732,798
3138A2HG7	FNMA		4.00	01/21/2030		412,181		429,438
3138A2PD5	FNMA		3.50	04/24/2020		4,087,781		4,262,139
3138A2ZZ5	FNMA		4.00	06/21/2030		649,561		676,899
3138A3BH9	FNMA		4.00	12/25/2029		610,582		636,146
3138A3DJ3	FNMA		4.00	06/25/2020		148,472		156,432
3138A3VB0	FNMA		4.00	01/06/2030		3,433,536		3,590,994
3138A3WC7	FNMA		4.00	02/11/2030		215,590		225,420
3138A4CC7	FNMA		4.00	06/21/2030		142,285		148,274
3138A4J89	FNMA		4.00	02/12/2030		717,696		747,901
3138A4KH7	FNMA		4.00	01/05/2030		57,995		60,423
3138A4NR2	FNMA		4.00	01/21/2030		23,744		24,743
3138A4PA7	FNMA		4.00	02/12/2030		31,936		33,280
3138A54P4	FNMA		4.00	01/28/2030		123,517		128,715
3138A5RN4	FNMA		4.00	06/08/2020		49,226		51,865
3138A5YL0	FNMA		4.50	05/15/2030		339,226		359,256
3138A6E97	FNMA		4.00	01/30/2030		502,589		523,742
3138A6JV3	FNMA		4.00	01/12/2030		279,678		291,449
3138A6LD0	FNMA		5.00	08/23/2030		217,266		237,178
3138A6LJ7	FNMA		4.00	06/07/2020		11,368,805		11,978,338
3138A6RH5	FNMA		4.00	01/18/2030		20,375		21,233
3138A7FR4	FNMA		4.00	02/11/2030		308,396		321,376
3138A7G69	FNMA		4.00	06/06/2020		60,703		63,958
3138A7HY7	FNMA		3.50	11/03/2029		939,909		955,106
3138A7ZQ4	FNMA		4.00	03/06/2030		562,465		586,137
3138A8A48	FNMA		4.00	02/22/2030		672,463		700,765
3138A8E77	FNMA		4.00	02/12/2030		231,453		241,194
3138A8MD5	FNMA		4.00	02/15/2030		3,400,554		3,543,673
3138A8UL8	FNMA		4.50	05/28/2030		38,315		40,612
3138A9CZ5	FNMA		4.00	03/07/2030		3,662,707		3,831,484
3138A9N26	FNMA		4.00	02/16/2030		115,606		120,471
3138AA4M0	FNMA		4.50	06/11/2030		4,481,808		4,815,952
3138AAKX8	FNMA		4.00	03/30/2030		126,461		132,163
3138AARE3	FNMA		4.00	02/22/2030		214,808		223,849
3138AAYW5	FNMA		4.00	03/03/2030		432,357		450,553
3138AB2D0	FNMA		4.00	02/17/2030		91,673		95,531
3138ABZC6	FNMA		5.50	01/25/2031		260,221		283,539
3138ADER2	FNMA		4.00	03/28/2030		267,757		279,026

12

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
3138ADUG8	FNMA		5.00	11/03/2030		697,942		761,909
3138AEZG1	FNMA		4.00	06/30/2030		620,023		646,118
3138AFH86	FNMA		4.00	04/19/2030		387,413		403,718
3138AFKH2	FNMA		4.00	07/28/2020		58,920		62,079
3138AFRR3	FNMA		4.00	04/27/2030		113,822		118,612
3138AFXZ8	FNMA		4.00	08/11/2020		183,601		193,445
3138AG6Q6	FNMA		4.00	08/18/2020		201,592		212,400
3138AGQB7	FNMA		4.00	07/17/2020		220,799		232,637
3138AGQQ4	FNMA		4.00	08/08/2020		53,793		56,677
3138AHLW4	FNMA		4.00	09/07/2030		326,699		340,449
3138AHTD8	FNMA		5.00	11/11/2030		140,211		152,583
3138AJK50	FNMA		4.50	08/22/2030		2,312,005		2,450,636
3138AKEL9	FNMA		4.00	08/12/2020		133,369		140,520
3138AMFV2	FNMA		4.00	07/27/2030		420,035		437,713
3138AMXV2	FNMA		4.00	06/25/2030		489,284		509,877
3138ANBY8	FNMA		4.00	07/13/2030		128,784		134,204
3138ANWY5	FNMA		4.00	07/11/2030		193,888		202,048
3138ANZG1	FNMA		4.50	10/07/2030		177,911		188,579
3138AS4N9	FNMA		4.50	11/19/2030		2,186,874		2,318,002
3138AT4B3	FNMA		4.00	12/30/2030		768,699		803,745
3138AUMZ7	FNMA		4.00	08/29/2030		1,292,613		1,347,015
3138AUP84	FNMA		4.50	12/20/2030		46,234		49,006
3138AUW37	FNMA		4.00	08/07/2030		326,235		339,965
3138AVH24	FNMA		4.00	08/25/2030		134,538		140,200
3138AVWL5	FNMA		4.00	07/24/2030		127,745		133,122
3138AW3N1	FNMA		4.00	08/11/2030		45,880		47,811
3138AX5G2	FNMA		4.00	11/08/2030		198,035		207,064
3138AXHV6	FNMA		4.00	08/09/2030		101,368		105,634
3138AXRL7	FNMA		4.00	09/09/2030		583,880		608,454
3138AXST9	FNMA		4.50	11/14/2030		769,507		815,648
3138E03K3	FNMA		4.00	10/10/2030		360,545		376,983
3138E04T3	FNMA		3.50	07/20/2030		424,026		430,955
3138E2GH2	FNMA		4.00	09/19/2030		2,278,203		2,374,086
3138E47K1	FNMA		4.00	10/05/2030		265,548		276,724
3138E4AC5	FNMA		4.00	09/29/2030		255,823		266,590
3138E4EB3	FNMA		2.50	11/19/2020		888,526		894,521
3138E4F89	FNMA		4.00	10/07/2030		73,816		77,182
3138E4UU3	FNMA		4.00	10/20/2030		899,525		937,384
3138E4UV1	FNMA		4.00	09/09/2030		4,779,439		4,980,591
3138E6KZ8	FNMA		4.00	10/03/2030		447,662		468,071
3138E7HR8	FNMA		2.50	12/01/2020		3,829,022		3,864,948
3138E7JB1	FNMA		2.50	12/02/2020		920,593		926,804
3138E8KX9	FNMA		2.50	12/09/2020		3,947,143		3,973,776
3138E8L75	FNMA		2.50	12/22/2020		4,941,736		4,988,101
3138EBLJ2	FNMA		4.00	01/28/2031		150,091		156,934
3138ECAA1	FNMA		2.50	12/10/2020		2,325,885		2,347,707
3138ECLK7	FNMA		4.00	02/04/2031		462,079		483,146
3138ECLU5	FNMA		4.00	01/27/2031		434,497		454,306
3138ECTY9	FNMA		2.50	11/26/2020		676,612		681,178
3138ECWS8	FNMA		2.50	12/08/2020		4,280,839		4,321,004
3138ECYM9	FNMA		2.50	11/23/2020		735,280		740,242
3138ECYV9	FNMA		2.50	12/07/2020		864,452		870,285
3138EGH72	FNMA		4.00	06/26/2020		789,499		831,497
3138EGHV9	FNMA		4.00	05/23/2020		119,728		126,097
3138EGTA2	FNMA		5.00	07/29/2028		2,210,501		2,381,817
3138EHCM2	FNMA		5.00	03/25/2028		630,798		679,685
3138EJCC0	FNMA		4.00	07/14/2030		3,084,663		3,214,487
3138EJRB6	FNMA		3.50	02/04/2031		5,711,301		5,971,691

13

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
3138EJRP5	FNMA		4.37	10/25/2017		6,340,436		6,978,800
3138EKW35	FNMA		6.00	03/13/2031		125,477		136,114
3138LQES9	FNMA		4.00	11/20/2030		760,454		795,124
3138LQSU9	FNMA		2.50	01/19/2021		5,974,057		6,014,366
3138LTLA4	FNMA		3.00	01/11/2021		1,237,918		1,274,622
3138LUZP3	FNMA		2.50	12/20/2020		1,172,915		1,179,570
3138LVEU3	FNMA		4.00	03/11/2031		721,085		755,028
3138LVJ87	FNMA		3.00	02/01/2021		2,365,666		2,435,806
3138LX5F2	FNMA		4.00	03/24/2031		208,083		217,570
3138M13D8	FNMA		3.50	01/09/2031		3,631,407		3,693,222
3138M13G1	FNMA		3.50	02/02/2031		6,729,927		6,844,486
3138M3MH4	FNMA		4.00	03/09/2031		1,060,499		1,108,850
3138M6RS8	FNMA		2.50	02/12/2021		1,857,019		1,869,549
3138M9BU4	FNMA		3.00	09/06/2030		2,283,549		2,235,026
3138MFPE1	FNMA		2.50	03/13/2021		750,295		755,770
3138MFSR9	FNMA		3.50	02/04/2031		1,538,984		1,565,181
3138MHKF9	FNMA		3.50	02/07/2031		44,767		45,529
3138MJXK0	FNMA		3.00	12/10/2030		1,434,172		1,403,697
3138NJAE8	FNMA		3.63	07/22/2017		2,221,282		2,322,197
3138NJAK4	FNMA		3.42	06/08/2017		2,990,610		3,147,600
3138NYEN1	FNMA		3.50	04/25/2031		289,145		294,067
3138WMZ20	FNMA		2.50	03/01/2028		5,045,427		5,079,810
3138WQNS7	FNMA		3.50	09/20/2031		46,322		47,113
3138WQNW8	FNMA		3.50	06/08/2031		598,885		599,630
3138WQNX6	FNMA		3.50	07/18/2031		197,780		201,289
31391YV87	FNMA		6.00	04/24/2025		1,292		1,421
31393QDY5	FHLMC		5.50	11/15/2013		1,044,934		1,069,036
31397BRY9	FHLMC_3221		5.00	09/10/2013		920,184		933,375
31400JM55	FNMA		5.50	06/01/2025		975		1,077
31400QJ87	FNMA		2.40	03/05/2024		19,453		20,858
31402DCV0	FNMA		5.00	01/19/2026		24,154		26,026
31402GP98	FNMA		5.00	05/27/2025		5,631		6,196
31402LQU9	FNMA		5.00	05/26/2025		36,374		39,446
31402QXK2	FNMA		8.50	08/15/2024		393,304		436,105
31402RF87	FNMA		5.00	09/16/2026		3,255,603		3,507,915
31402RSN0	FNMA		5.00	12/19/2026		2,162,721		2,323,529
31402YSV7	FNMA		2.75	08/01/2024		24,683		26,476
31403DC56	FNMA		4.50	07/04/2017		1,248,657		1,323,147
31403DC72	FNMA		4.50	06/18/2017		1,007,480		1,067,582
31403DJG5	FNMA		5.50	04/07/2026		14,097		15,453
31403KDB6	FNMA		2.32	08/02/2024		10,441		10,892
31404BPJ5	FNMA		4.00	05/20/2025		289,506		303,182
31404DG28	FNMA		5.00	11/12/2025		7,640		8,232
31404MAB4	FNMA		5.50	12/20/2025		7,226		7,921
31404NBP0	FNMA		2.51	05/01/2025		98,681		104,536
31404NHA7	FNMA		5.00	12/28/2025		39,151		42,186
31404SFP5	FNMA		5.50	12/30/2025		4,322		4,765
31405NQY4	FNMA		6.00	06/19/2026		12,100		13,299
31405QNR5	FNMA		5.50	05/10/2026		618		681
31405UMM8	FNMA		2.62	03/05/2025		103,469		109,818
31405UTZ2	FNMA		2.50	03/07/2025		24,463		25,867
31406BB90	FNMA		2.49	04/11/2025		154,230		165,411
31406BEZ9	FNMA		2.52	03/27/2025		135,187		144,836
31406BJF8	FNMA		2.47	04/08/2025		147,527		157,934
31406BQQ6	FNMA		2.47	04/08/2025		195,016		206,199
31406DG67	FNMA		2.78	04/14/2025		647,492		683,658
31406EDN1	FNMA		5.00	06/01/2026		12,406		13,367
31406HLF2	FNMA		6.00	11/05/2026		130,822		142,331

14

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
31406MYP5	FNMA		2.26	04/15/2025		285,308		299,589
31406RNA9	FNMA		6.00	04/21/2027		2,778		3,022
31406TLC3	FNMA		2.69	07/01/2025		294,447		310,258
31406TWR8	FNMA		1.92	01/23/2025		836,542		875,087
31406VHE9	FNMA		2.47	06/19/2025		161,776		173,116
31406YZV5	FNMA		5.00	11/04/2026		26,480		28,449
31407CE29	FNMA		5.50	01/21/2027		731		805
31407FG53	FNMA		5.50	12/14/2026		1,369		1,507
31407FUW8	FNMA		2.35	07/24/2025		2,891,771		2,994,947
31407VS22	FNMA		5.00	12/05/2026		19,555		21,009
31407VS89	FNMA		5.00	11/24/2026		35,548		38,191
31408AG53	FNMA		6.00	07/08/2027		20,684		22,610
31408FYG8	FNMA		6.00	06/17/2027		2,979		3,232
31408GFA0	FNMA		6.00	05/10/2027		275,115		299,319
31408JD32	FNMA		5.00	04/08/2027		1,006,547		1,081,388
31409A5P0	FNMA		6.00	07/26/2027		82,983		90,708
31409AYE3	FNMA		6.00	08/13/2027		186,190		203,523
31409CRY3	FNMA		6.00	06/30/2027		177,347		193,856
31409GML7	FNMA		6.50	12/28/2027		602,211		668,298
31409JVL1	FNMA		6.00	10/13/2027		976,359		1,059,287
31409UB38	FNMA		6.00	08/10/2027		23,496		25,492
31409VYW7	FNMA		6.00	08/20/2027		42,917		46,912
31409WAE1	FNMA		6.00	08/12/2027		327,094		354,949
31410CJV5	FNMA		6.00	09/07/2027		14,355		15,110
31410FUS2	FNMA		5.50	01/12/2028		49,233		53,343
31410FVW2	FNMA		5.50	02/23/2028		3,210		3,478
31410GD83	FNMA		2.46	12/26/2024		53,166		57,346
31410GDF7	FNMA		1.91	05/07/2024		214,495		229,129
31410GDL4	FNMA		2.39	07/01/2025		855,645		893,209
31410GDN0	FNMA		2.34	06/24/2024		143,567		151,539
31410GDP5	FNMA		2.38	09/04/2025		2,206,186		2,325,230
31410GDY6	FNMA		2.53	07/25/2025		53,253		57,098
31410KEM2	FNMA		5.50	12/24/2028		2,806,614		3,039,703
31410KLD4	FNMA		5.50	12/26/2028		439,018		475,436
31410KMQ4	FNMA		5.50	01/13/2029		238,877		258,693
31410KNA8	FNMA		5.50	02/19/2029		97,032		105,081
31410KS47	FNMA		5.50	03/23/2027		6,502		7,127
31410KX74	FNMA		5.50	09/26/2027		3,362,994		3,680,938
31410LBU5	FNMA		4.00	03/16/2020		1,256,992		1,323,426
31410LC91	FNMA		5.50	01/03/2031		1,826,608		1,978,130
31410MMX5	FNMA		6.00	08/26/2027		272,205		297,545
31410NT24	FNMA		6.00	10/24/2027		22,046		23,922
31410QR86	FNMA		5.50	01/01/2028		127,169		137,784
31410RDL0	FNMA		6.00	12/19/2027		30,729		33,339
31411A5M3	FNMA		5.50	01/18/2028		7,548,079		8,178,166
31411A7C3	FNMA		5.50	01/26/2028		1,940,721		2,102,726
31411E2F3	FNMA		5.50	02/21/2028		13,438		14,560
31411EFN2	FNMA		5.50	01/22/2028		238,425		258,327
31411KLN1	FNMA		5.50	03/19/2028		175,848		190,453
31411NUT2	FNMA		5.50	12/27/2027		201,707		218,459
31411VMN6	FNMA		5.50	02/15/2028		5,523,775		5,982,524
31412DXY9	FNMA		5.50	02/09/2028		24,241		26,264
31412ESY3	FNMA		6.00	04/03/2028		33,494		36,612
31412HXU8	FNMA		6.00	07/04/2029		203,170		220,345
31412MYZ5	FNMA		5.50	12/27/2028		215,970		233,886
31412N3V6	FNMA		4.50	01/04/2029		207,823		219,715
31412N6G6	FNMA		4.50	01/14/2029		44,971		48,029
31412NXE1	FNMA		5.00	06/13/2029		1,424,508		1,586,464

15

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
31412NZ33	FNMA		5.00	04/10/2029		49,063		53,948
31412PA50	FNMA		4.50	01/13/2029		199,643		211,066
31412PBJ9	FNMA		4.50	05/12/2019		13,280,932		14,072,533
31412PBN0	FNMA		4.00	11/04/2028		260,559		271,334
31412PP88	FNMA		5.00	05/20/2029		140,956		155,177
31412PR60	FNMA		4.50	02/22/2029		208,057		219,962
31412PRN3	FNMA		4.00	06/05/2019		2,284,405		2,405,139
31412PXF3	FNMA		4.50	03/18/2029		76,295		83,180
31412Q2V0	FNMA		4.50	09/02/2029		2,602,086		2,836,886
31412QE70	FNMA		5.00	08/09/2029		3,289,039		3,639,641
31412QKA6	FNMA		4.00	08/16/2019		34,577		36,404
31412QPQ6	FNMA		6.00	07/05/2027		1,144,920		1,245,649
31412RAP2	FNMA		4.00	07/24/2026		13,203		13,881
31412RG76	FNMA		4.00	12/16/2019		2,096,450		2,220,977
31412RGG6	FNMA		5.00	01/28/2030		327,067		363,688
31412RL54	FNMA		4.00	12/21/2029		2,364,192		2,463,174
31412RL62	FNMA		4.00	12/22/2029		628,861		655,190
31412RNY9	FNMA		4.00	01/20/2030		67,709		70,719
31412TM26	FNMA		5.50	01/21/2029		1,994,259		2,164,892
31412UEQ9	FNMA		4.50	05/27/2029		342,741		367,439
31412URR3	FNMA		4.00	07/08/2019		3,028,006		3,188,041
31413BTW1	FNMA		5.50	05/05/2028		962,166		1,042,073
31413CLH0	FNMA		6.00	07/16/2028		2,396,854		2,619,586
31413HKW7	FNMA		6.00	09/11/2028		9,218		10,000
31413NY66	FNMA		6.00	10/08/2028		896,341		977,081
31413R2P0	FNMA		6.00	12/18/2028		1,276,721		1,395,362
31413TWV0	FNMA		5.50	10/09/2028		126,614		137,129
31413UKQ1	FNMA		6.50	12/05/2028		593,244		658,024
31414ANH1	FNMA		5.50	10/07/2028		248,767		269,427
31414HZ67	FNMA		5.50	09/06/2028		81,869		88,668
31414NCH5	FNMA		6.00	09/16/2029		1,129,919		1,234,544
31414NH31	FNMA		5.00	06/07/2029		1,545,940		1,710,733
31414NH49	FNMA		5.00	06/06/2029		1,647,579		1,813,800
31414SX81	FNMA		5.50	01/03/2029		248,268		268,863
31415P3Y2	FNMA		5.50	01/03/2026		3,394		3,715
31415SPY2	FNMA		6.00	09/20/2029		168,853		183,127
31415SRP9	FNMA		5.50	05/05/2029		100,829		109,193
31415WA60	FNMA		4.50	02/16/2029		34,968		37,488
31415YLZ0	FNMA		4.00	07/10/2019		811,449		854,336
31416AQ29	FNMA		4.00	07/10/2019		160,047		168,506
31416B3Y2	FNMA		4.50	02/22/2029		274,386		290,086
31416BMK1	FNMA		5.00	08/26/2028		249,992		268,596
31416BRU4	FNMA		6.00	06/04/2028		576,663		627,398
31416BS90	FNMA		4.50	11/30/2028		751,875		793,959
31416BTB4	FNMA		5.00	02/04/2027		706,629		759,170
31416JZM6	FNMA		5.00	04/01/2029		1,718,735		1,878,036
31416M5A8	FNMA		5.00	04/16/2029		913,094		991,836
31416MLA0	FNMA		4.50	04/27/2029		15,553		16,611
31416MTR5	FNMA		5.00	07/04/2029		21,303		22,963
31416MVP6	FNMA		4.50	02/12/2029		52,619		56,196
31416N5T5	FNMA		4.50	03/25/2029		147,171		157,176
31416NC42	FNMA		4.50	02/18/2029		9,125,514		9,647,675
31416NRD6	FNMA		4.50	03/29/2029		14,619		15,613
31416QJZ9	FNMA		5.00	06/09/2029		69,952		77,409
31416QMS1	FNMA		4.00	06/21/2019		527,594		555,478
31416RSJ3	FNMA		4.00	02/22/2029		114,714		119,458
31416S6B2	FNMA		4.50	04/11/2029		87,893		95,824
31416SD40	FNMA		4.50	04/17/2029		78,544		85,631

16

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
31416SED9	FNMA		5.00	07/25/2029		63,792		70,934
31416SLC3	FNMA		4.50	04/28/2029		87,396		95,282
31416TAG4	FNMA		4.50	04/17/2029		126,378		137,782
31416TAL3	FNMA		5.00	07/19/2029		63,618		70,400
31416TE47	FNMA		4.50	05/07/2029		81,145		86,662
31416TEE5	FNMA		4.50	05/08/2029		113,370		123,600
31416TEF2	FNMA		4.50	05/02/2029		75,568		80,705
31416TKG3	FNMA		5.00	06/15/2029		76,313		84,858
31416WD66	FNMA		5.00	02/20/2030		560,278		623,011
31416WFG2	FNMA		4.00	01/02/2020		13,180		13,882
31416XJ92	FNMA		4.00	01/10/2030		332,863		346,799
31416XKB5	FNMA		4.00	01/11/2030		123,848		129,033
31416XYZ7	FNMA		4.00	03/05/2030		667,490		695,583
31416Y6N3	FNMA		4.00	08/24/2030		2,076,135		2,163,513
31416YDN5	FNMA		4.00	04/03/2030		25,690		26,771
31416YLM8	FNMA		4.50	08/05/2030		1,235,088		1,309,146
31416YVF2	FNMA		4.50	09/17/2030		6,137,395		6,505,402
31417A5Q8	FNMA		4.00	11/10/2030		81,300		84,969
31417ASC4	FNMA		4.00	08/23/2030		203,603		212,172
31417ASD2	FNMA		4.00	08/23/2030		1,047,406		1,091,488
31417CDE2	FNMA		3.50	10/24/2030		1,498,440		1,523,950
31417CVV4	FNMA		4.00	05/29/2031		249,850		261,241
31417DRG0	FNMA		3.50	01/30/2031		2,729,739		2,774,349
31417DSX2	FNMA		3.50	01/27/2031		33,585,550		34,142,001
31417GF35	FNMA		3.00	02/03/2031		992,322		971,145
31417J2B5	FNMA		5.00	09/09/2029		40,777		45,343
31417JSB7	FNMA		4.50	05/13/2029		27,061		29,453
31417KUM7	FNMA		4.00	02/20/2029		100,748		104,914
31417KXH5	FNMA		4.50	05/03/2029		2,580,171		2,766,092
31417LLX1	FNMA		5.00	07/21/2029		91,426		101,171
31417M2V4	FNMA		4.50	06/29/2029		51,071		54,751
31417M2W2	FNMA		4.50	06/30/2029		10,380		11,086
31417MFB4	FNMA		4.50	05/08/2029		161,600		172,586
31417MPN7	FNMA		5.00	08/27/2029		67,229		74,756
31417MQT3	FNMA		5.00	09/19/2029		52,451		58,324
31417MTC7	FNMA		4.50	05/26/2029		383,420		411,048
31417MVC4	FNMA		4.50	06/18/2029		355,538		381,158
31417MYL1	FNMA		4.50	07/11/2029		2,277,701		2,408,031
31417QR97	FNMA		4.00	06/01/2029		75,800		78,974
31417QS62	FNMA		4.00	09/01/2019		11,636		12,251
31417QT20	FNMA		4.00	03/16/2029		17,781		18,516
31417SYT1	FNMA		4.50	07/07/2029		69,895		74,647
31417UXN0	FNMA		4.00	11/09/2019		58,572		61,688
31417VJS3	FNMA		4.50	07/25/2029		12,884		14,022
31417VQR7	FNMA		4.00	05/22/2029		428,733		446,682
31417VQT3	FNMA		4.50	09/18/2029		1,397,231		1,497,912
31417VYY3	FNMA		4.00	11/10/2019		151,470		159,528
31417Y3H8	FNMA		4.00	08/19/2020		867,607		914,123
31417Y6F9	FNMA		4.00	08/25/2030		48,223		50,252
31417YF44	FNMA		4.00	03/01/2029		46,267		48,180
31417YTT4	FNMA		4.00	12/15/2029		256,676		267,422
31417YUH8	FNMA		4.00	09/28/2029		280,036		291,760
31417YVG9	FNMA		4.00	01/08/2030		257,907		268,705
31417YW37	FNMA		4.00	02/20/2030		252,830		263,471
31417YX51	FNMA		4.00	04/12/2030		329,763		343,642
31417YXX0	FNMA		4.50	04/08/2030		1,417,841		1,502,857
31418AEA2	FNMA		4.00	12/05/2030		336,684		352,034
31418AGR3	FNMA		3.50	04/08/2024		2,183,377		2,262,070

17

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
31418AKQ0	FNMA		4.00	06/03/2031		425,674		445,081
31418ALS5	FNMA		3.50	01/13/2031		2,679,289		2,723,075
31418AM96	FNMA		3.50	02/26/2031		2,125,626		2,161,808
31418AQ35	FNMA		3.50	05/06/2031		44,676		44,732
31418AR26	FNMA		3.50	06/06/2031		255,993		256,312
31418MT93	FNMA		4.50	09/21/2029		1,156,232		1,222,392
31418MUL4	FNMA		4.50	08/05/2029		557,934		595,863
31418PCP8	FNMA		5.00	05/20/2030		190,453		206,784
31418RHE4	FNMA		4.00	12/14/2019		207,663		218,710
31418SJB6	FNMA		4.00	12/15/2019		16,555		17,435
31418UCZ5	FNMA		4.00	01/01/2020		91,251		96,105
31418UVY7	FNMA		4.00	01/18/2020		184,238		194,039
31418UYE8	FNMA		4.00	12/24/2028		20,359		21,220
31418VQY1	FNMA		4.00	11/04/2029		74,651		77,777
31418W6Y1	FNMA		5.00	04/23/2030		412,498		444,459
31418W7J3	FNMA		5.00	04/27/2030		332,746		358,528
31418XF52	FNMA		4.50	02/08/2030		7,360,558		7,795,177
31419AG27	FNMA		4.00	11/06/2029		22,043		22,966
31419ANB9	FNMA		4.00	12/07/2029		117,959		122,898
31419ANK9	FNMA		5.50	01/16/2030		530,080		574,051
31419AQ83	FNMA		4.00	01/06/2030		10,038,488		10,458,772
31419BBT1	FNMA		4.00	02/10/2030		4,191,170		4,366,643
31419BW68	FNMA		4.00	11/07/2029		107,038		111,520
31419DJY8	FNMA		4.00	02/21/2020		2,875,795		3,028,776
31419DLW9	FNMA		4.00	11/18/2029		117,883		122,819
31419E6N4	FNMA		4.00	02/22/2030		1,521,390		1,585,421
31419ED71	FNMA		4.00	01/02/2030		318,100		331,418
31419EJR1	FNMA		4.00	11/25/2029		227,176		236,687
31419EK40	FNMA		4.00	01/05/2030		103,611		108,464
31419EK65	FNMA		4.00	12/30/2029		1,064,435		1,109,000
31419ESN0	FNMA		4.00	01/01/2030		1,472,287		1,533,927
31419EU80	FNMA		5.00	04/27/2030		233,234		255,678
31419EW70	FNMA		4.00	12/17/2029		191,345		199,356
31419FCP9	FNMA		4.00	08/18/2020		1,181,080		1,244,403
31419FEM4	FNMA		4.50	03/06/2030		2,816,312		2,982,607
31419FFW1	FNMA		4.00	12/18/2029		54,900		57,198
31419FSH0	FNMA		4.00	05/01/2020		41,657		43,873
31419FVA1	FNMA		4.00	12/22/2029		603,599		628,870
31419FVW3	FNMA		4.00	12/12/2029		53,392		55,628
31419G2T0	FNMA		4.00	12/04/2029		25,720		26,797
31419GB94	FNMA		4.00	12/16/2029		386,985		403,187
31419GJA3	FNMA		4.00	11/28/2029		243,101		253,278
31419GYT5	FNMA		4.00	01/18/2030		21,753,802		22,664,573
31419H6Y3	FNMA		4.00	12/02/2029		38,981		40,613
31419HBS0	FNMA		4.00	11/30/2029		111,902		116,587
31419HC67	FNMA		4.00	02/09/2030		1,530,324		1,594,730
31419HKN1	FNMA		4.00	11/28/2029		229,367		238,970
31419HVP4	FNMA		4.00	12/17/2029		151,720		158,072
31419JEA2	FNMA		4.00	12/27/2029		244,480		254,716
31419JLP1	FNMA		4.00	11/22/2029		115,526		120,363
31419JWT1	FNMA		4.00	12/04/2029		84,078		87,598
31419KR49	FNMA		4.00	12/03/2029		50,572		52,689
31419L5A7	FNMA		4.00	12/09/2029		998,788		1,042,638
31419LN66	FNMA		4.00	09/28/2029		53,741		55,991
31419LZ63	FNMA		4.00	12/12/2029		74,236		77,344
31419LZZ9	FNMA		4.00	11/25/2029		292,542		304,790
36176ABB4	GNMA		3.50	04/11/2030		231,127		237,430
36176FUE6	GNMA		3.50	07/18/2030		107,794		110,734

18

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
36176QLG7	GNMA		2.50	02/14/2021		1,712,268		1,742,231
36176QPR9	GNMA		3.50	04/11/2030		616,454		633,267
36176R7D8	GNMA		3.50	04/11/2030		874,852		898,807
36176V5Q2	GNMA		3.50	08/08/2030		37,741		38,771
36176WGG0	GNMA		3.50	06/07/2030		1,102,026		1,132,083
36176XCT4	GNMA		3.50	07/18/2030		1,256,830		1,291,109
36176XEZ8	GNMA		2.50	11/18/2020		581,057		591,570
36177NXQ8	GNMA		3.50	08/08/2030		333,558		342,656
36177R5R8	GNMA		3.50	08/08/2030		1,347,637		1,384,538
36177RXF3	GNMA		3.50	06/27/2030		2,994,981		3,076,666
36177S3E7	GNMA		3.50	07/18/2030		1,866,186		1,917,085
36177X2H0	GNMA		2.50	12/23/2020		1,276,604		1,299,741
36177YR32	GNMA		2.50	01/10/2021		767,786		781,702
36178CHK2	GNMA		3.00	08/24/2030		4,510,119		4,467,563
36178GHC1	GNMA		2.50	01/27/2021		427,137		434,878
36178NB99	GNMA		2.50	01/14/2021		8,750,267		8,908,857
36178QYX4	GNMA		3.00	09/01/2030		182,543		180,828
36179A3K0	GNMA		3.00	08/24/2030		9,434,265		9,345,245
36179M5K2	GNMA		2.50	08/28/2030		994,568		929,283
36179MC32	GNMA		4.50	07/15/2031		160,715		172,274
36179ME48	GNMA		4.00	04/14/2031		423,738		446,122
36179MG79	GNMA		4.50	08/30/2031		634,965		680,637
36179MNK2	GNMA		4.50	08/04/2031		2,121,913		2,274,538
36179MQN3	GNMA		3.00	08/17/2030		482,133		477,673
36179MQP8	GNMA		3.50	03/12/2031		937,879		964,052
36179MSZ4	GNMA		4.50	09/16/2031		95,726		102,611
36179MVQ0	GNMA		2.50	06/27/2030		2,977,871		2,782,531
36179MVR8	GNMA		3.00	12/22/2030		977,078		968,039
36179MVU1	GNMA		4.50	10/02/2031		916,980		982,936
36179NA99	GNMA		2.50	11/07/2030		19,297,293		18,030,585
36180BZU8	GNMA		3.00	01/21/2031		817,457		809,744
36180MYG6	GNMA		3.00	11/03/2030		993,269		984,051
36202F2N5	GNMA		4.50	01/22/2031		1,400,139		1,500,848
36202F4S2	GNMA		4.50	06/01/2031		1,515,007		1,623,978
36202FSE7	GNMA		4.50	06/30/2030		390,000		418,052
36202FXC5	GNMA		4.50	10/09/2030		5,023,386		5,384,709
36202FZY5	GNMA		4.00	08/23/2030		1,783,393		1,876,469
36202FZZ2	GNMA		4.50	12/27/2030		2,011,204		2,155,866
36206XC43	GNMA		7.00	06/08/2024		886		1,031
3620A9SW2	GNMA		4.50	03/07/2029		375,783		399,233
3620ARBK6	GNMA		5.50	08/17/2028		447,012		488,145
3620C04Y1	GNMA		4.50	01/15/2030		1,390,838		1,487,203
3620C1WV4	GNMA		3.50	06/27/2030		2,992,725		3,074,348
36212PPP1	GNMA		7.00	05/17/2024		8,688		10,116
36212U5G2	GNMA		7.00	06/08/2024		8,193		9,539
36213HGU7	GNMA		7.00	04/26/2024		1,581		1,841
36225DM43	GNMA		1.63	01/29/2025		8,732,718		9,109,790
36230PCQ1	GNMA		2.50	11/01/2020		1,098,008		1,117,874
36230PCY4	GNMA		3.50	03/02/2030		282,823		290,537
36230RVV5	GNMA		3.50	09/12/2029		18,208,610		18,740,241
36241KL71	GNMA		5.50	03/11/2028		100,429		109,288
36241KWJ3	GNMA		6.00	06/17/2029		694,292		775,272
36241KZ68	GNMA		5.00	04/14/2029		341,095		368,332
36241LG59	GNMA		5.50	05/02/2030		531,483		578,301
36241LY91	GNMA		3.50	04/26/2030		337,282		346,481
36291YJZ1	GNMA		6.00	11/09/2027		4,687		5,233
36296QL49	GNMA		5.00	05/06/2029		1,036,245		1,121,538
36296QRY7	GNMA		5.00	05/27/2029		931,043		1,007,676

19

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
36297FYL0	GNMA		4.50	03/27/2029		77,016		81,822
						1,000,951,083		1,037,450,617
Non Agency RMBS
05948X6X4	BANK OF AMERICA MTG SEC		4.75	01/26/2015		1,765,994		1,809,533
12667FFN0	CWALT_04-J4		0.77	04/03/2017		6,912,951		6,626,782
16162WLM9	CHASE		5.50	01/21/2018		6,279,475		6,357,517
161630AC2	CHASE		2.91	11/19/2016		7,898,476		7,790,441
161630AN8	CHASE		2.85	06/10/2017		2,111,639		1,964,732
161630AQ1	CHASE		2.76	08/20/2016		1,792,922		1,742,549
1729733P2	CMSI		5.00	07/19/2014		4,168,267		4,195,345
38741YCA5	GRANITE MASTER ISSUER PLC GRAN		0.27	06/04/2016		2,207,552		2,147,949
449670EQ7	IMC HOME EQUITY LOAN TRUST		6.84	10/19/2021		67,277		66,587
46630GAA3	JP MORGAN MORTGAGE TRUST JPMMT		2.97	06/03/2016		4,722,700		4,646,334
46630GAD7	JP MORGAN MORTGAGE TRUST JPMMT		3.01	04/10/2017		1,704,048		1,669,962
46630GAN5	JPMMT_07-A1		2.88	03/20/2017		1,083,243		1,076,547
46630GAS4	JP MORGAN MORTGAGE TRUST JPMMT		3.00	10/16/2017		5,021,754		5,029,769
525170BL9	LABS		5.00	03/12/2017		6,285,999		6,307,547
576433QQ2	MARM_04-8		1.78	10/11/2017		1,208,930		1,060,688
589929W53	MLMI		2.64	10/18/2019		131,754		131,011
62889EAA3	NGN_11-R3		0.59	03/16/2016		1,262,297		1,267,031
76110H2P3	RES ASSET SEC		3.08	02/13/2019		1,061,570		663,096
76110HHG7	RFMSI_03-Q16		5.00	05/05/2015		3,504,164		3,593,453
863579KY3	SARM		2.61	04/15/2020		2,207,046		1,942,352
86359BGD7	SASC_04-15		2.64	06/07/2018		113,217		110,554
86359BVE8	SASC_04-15		2.51	09/09/2017		8,177,549		8,176,093
92922F4P0	WAMU		0.97	02/14/2021		4,863,680		4,669,765
92922FB49	WASHINGTON MUTUAL		0.55	05/01/2018		304,544		285,125
92922FZF8	WAMU_04-A12		0.58	07/11/2018		5,580,088		5,058,478
949781AA6	WFMBS		2.61	05/01/2018		2,593,926		2,565,383
94982BAG5	WFMBS		2.66	04/16/2017		3,426,857		3,400,148
						86,457,920		84,354,769
Non Agency High Yield Mandate
02148JAF4	CWALT_06-39CB		0.79	03/29/2020		1,686,314		1,010,971
02660UAE0	AHMA_06-3		1.11	01/04/2029		9,574,420		6,912,300
05949QAH8	BANC OF AMERICA FUNDING CORPOR		6.25	08/21/2018		1,250,000		1,227,020
05954DAG1	BAFC		2.98	08/15/2019		4,429,829		3,430,282
07384MWF5	BSARM_04-10		2.93	05/06/2018		19,041		18,425
12513XAH5	CITIGROUP/DEUTSCHE BANK COMMER		5.57	02/16/2016		14,450,000		12,721,159
12566VAE2	CMALT_07-A4		5.75	11/20/2020		3,550,517		3,183,265
12566XAK4	CMA_07-A7		0.59	10/14/2020		5,488,081		3,454,758
12667GES8	CWALT_05-9CB		6.00	12/23/2019		9,874,807		7,327,551
12668AV36	CWALT_05-73CB		5.75	12/21/2019		4,991,650		4,354,386
14986DAJ9	CITIGROUP/DEUTSCHE BANK COMMER		5.69	02/05/2020		5,250,000		4,648,560
20047EAJ1	COMM		5.38	12/12/2016		9,700,000		8,444,723
22541QUJ9	CS FIRST BOSTON MORTGAGE SECUR		2.98	09/05/2019		114,736		110,817
2254582H0	CSFB_05-8		7.00	01/07/2027		3,456,140		2,576,203
22545LAH2	CREDIT SUISSE MORTGAGE CAPITAL		5.37	11/30/2016		13,400,000		12,501,986
232434AE0	CWALT_06-OC8		0.44	05/04/2028		19,162,117		7,039,012
23245GAD3	CWALT_06-OC9		0.44	03/15/2024		4,712,706		1,793,632
25150UAA6	DBALT_07-OA2		0.94	11/23/2022		2,894,692		2,273,703
25151AAG6	DBALT		0.47	03/05/2021		25,289,189		11,703,053
40431HAJ6	HALO		0.49	11/29/2019		4,269,476		1,318,743
456687AC6	INDX_07-FL4		0.37	02/13/2019		2,598,344		2,193,805
45668WAC1	INX		0.44	03/22/2025		5,000,000		2,416,910
466306AA5	JPALT_08-R2		6.00	01/18/2021		3,514,672		2,700,491
52520MBY8	LMT_05-2		0.94	04/03/2020		3,727,208		2,560,521
525221HA8	LXS		0.45	07/12/2023		3,484,612		2,426,904
52524HAJ9	LXS		0.92	05/08/2016		2,422,122		1,884,186

20

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
55027WAA0	LUM_07-2		0.42	05/23/2021		3,578,790		2,123,951
55027XAA8	LUM_06-5		0.38	12/08/2021		5,923,803		3,856,935
55312VAK4	MLCFC_06-4		5.24	11/28/2016		8,381,500		7,799,598
55312YBD3	MERRIL LYNCH COUNTRYWIDE		0.70	10/28/2017		143,201,873		2,289,798
761118QM3	RALI		1.17	06/09/2022		3,642,895		2,472,003
863579J90	SARM		2.47	06/23/2019		8,965,558		5,692,914
86359LQM4	STRUCTURED ASSET MORTGAGE INV		2.32	03/17/2021		3,172,102		2,335,064
92977QAH1	WBCMT		5.83	07/30/2016		12,709,886		10,706,744
92978MAJ5	WBCMT_06-C28		5.63	10/17/2016		13,600,000		11,833,918
92978PAJ8	WACHOVIA BANK COMMERCIAL MORTG		5.37	12/15/2016		7,830,000		6,835,285
9393362N2	WMMS		6.00	10/17/2018		5,917,686		5,707,614
93934FMA7	WASHINGTON MUTUAL MORTGAGE PAS		0.79	08/18/2019		5,317,163		4,145,919
93936RAA2	WAL		1.01	06/30/2023		7,449,658		5,526,178
						394,001,588		181,559,287
CMBS
055236AA1	BAMLL_11-07C1		5.38	04/04/2015		6,300,000		6,799,779
059500AD0	BACM		5.89	02/11/2015		14,500,000		16,081,951
05950EAE8	BACM		5.73	12/11/2015		8,615,000		9,513,028
05950WAF5	BANC OF AMERICA		5.63	03/23/2015		1,000,000		1,097,320
059511AH8	BACM		5.80	04/16/2018		2,550,000		2,802,552
059512AB9	BACM_07-3		5.86	08/18/2013		60,102		60,098
059512AQ6	BACM_07-3		0.36	08/10/2013		60,102		59,974
05956VAC8	BAMLL_11-STRP		2.15	10/17/2013		5,263,740		5,260,819
07387BEB5	BSCMS		5.41	04/14/2015		2,500,000		2,678,025
07388LAE0	BEAR STEARNS		5.54	01/13/2016		7,500,000		8,293,575
07388NAE6	BEAR STEARNS COMMERCIAL MORTGA		5.54	06/11/2015		3,520,000		3,908,573
07388PAE1	BSCMS		5.20	10/04/2015		16,980,000		18,740,996
07388QAC3	BSCMS_07-PW17		5.74	05/19/2015		1,252,466		1,302,540
12513EAG9	CD_07-CD4		5.39	05/30/2015		800,000		859,360
12513YAC4	CD_07-CD4		5.21	08/11/2013		1,117,378		1,125,445
12513YAF7	CD_07-CD4		5.32	08/13/2016		2,800,000		3,082,352
126192AE3	COMM_12-LC4		4.06	01/25/2022		1,000,000		1,000,090
12622DAA2	COMM_10-C1		3.16	04/07/2015		9,049,356		9,402,733
12624XAC2	COMM_13-CR6		2.62	03/02/2032		750,000		717,825
17310MAE0	CITIGROUP		5.43	11/21/2015		2,026,000		2,244,099
17320DAG3	CGCMT_13-GC11		3.09	02/10/2023		8,200,000		7,700,046
190749AE1	CWCAPITAL COBALT		5.22	08/25/2015		5,000,000		5,418,700
20047QAE5	COMM		5.94	01/09/2015		4,000,000		4,396,680
20173QAE1	GCCFC		5.44	12/26/2016		5,000,000		5,526,650
225458DM7	CSFB		5.01	08/02/2014		979,232		1,021,202
22545DAD9	CREDIT SUISSE MORTGAGE CAPITAL		5.99	01/16/2015		4,983,895		5,489,909
22545RAB2	CSMC		0.36	02/18/2014		512,499		503,887
233050AN3	DBUBS_11-LC1		3.74	07/17/2015		497,744		525,971
23305XAD3	DBUBS_11-LC2A		4.54	10/03/2017		600,000		639,228
23306AAA8	DBRR_12-EZ1		0.95	03/11/2014		4,397,148		4,405,766
3136A56W1	FNMA		2.98	06/02/2017		1,700,000		1,691,668
3136A7MJ8	FNMA_12-M8		1.52	04/22/2015		2,000,000		1,973,350
3136A7MK5	FNMA_12-M8		1.80	03/07/2018		2,100,000		2,041,679
3136A9MN5	FNMA		2.30	07/15/2017		200,000		187,653
3136AEGQ4	FNMA_13-M7		2.28	06/28/2018		10,200,000		9,488,927
3137ARPY6	FHMS_19-K710		1.88	03/25/2019		10,700,000		10,505,207
3137ATRW4	FHLMC		2.37	04/05/2022		10,000,000		9,418,680
3137B2HN3	FHLMC_13-HN		3.11	01/12/2023		24,000,000		23,690,400
361849YU0	GMACC		5.64	07/25/2013		463,110		462,999
36191YAY4	GSMS_11-GC5		1.47	11/23/2014		756,688		761,690
36228CVU4	GSMS CMO		4.75	06/30/2014		410,000		430,644
36228CZW6	GS MORTGAGE SECURITIES CORP		1.69	02/06/2014		5,350,000		5,364,525
36246LAC5	GSMSC_07-GG10		5.98	10/09/2015		1,000,000		1,062,670

21

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
46625YSF1	JPMCC_05-LDP3		4.96	06/30/2013		162,563		162,426
46629GAE8	JPMCC		5.55	02/14/2015		13,765,525		15,176,629
46629PAC2	JPMCC		5.34	05/20/2015		1,900,000		2,092,660
46629PAM0	JPMCC		5.30	10/10/2014		1,424,745		1,441,856
46630EAC4	JPMCC		5.43	04/17/2015		7,334,510		8,058,720
46630JAC3	JP MORGAN CHASE COMMERCIAL MOR		5.42	11/22/2016		6,250,000		6,919,813
46635GAA8	JPMCC_2010-C2		2.75	08/03/2015		633,250		653,362
46636VAC0	JPMCC_11-C5		4.17	07/10/2021		1,000,000		1,043,690
46637WAD5	JPMCC_12-CBX		3.48	12/17/2021		1,000,000		988,270
50179MAE1	LBUBS		5.37	12/19/2015		1,500,000		1,650,030
52108HP73	LBUBS		4.79	07/01/2014		1,785,000		1,842,156
52108MAF0	LBUBS		5.20	06/30/2015		1,450,000		1,554,574
52108MFS7	LBUBS		5.66	11/12/2014		750,000		821,790
55312VAD0	MLCFC_06-4		5.17	05/01/2015		1,900,000		2,076,035
59023BAB0	MERRILL LYNCH MTG TR		5.83	10/08/2014		173,936		174,085
617458AC8	MORGAN STANLEY CAPITAL		3.88	12/30/2015		3,500,000		3,706,045
61745M5G4	MSC		4.89	11/30/2014		500,000		531,145
61745ML43	MSC		5.27	02/14/2014		2,000,000		2,058,860
61750CAF4	MSC_06-HQ9		5.73	01/28/2015		2,483,921		2,744,832
61750HAE6	MSC_06-HQ10		5.33	04/14/2015		4,250,000		4,680,653
61750WAX1	MSC		5.33	05/04/2015		1,750,000		1,925,893
61761DAB8	MSBAM_12-C6		1.87	09/15/2017		550,000		549,505
62888XAC8	NCUA_10-C1		2.65	04/04/2015		9,507,177		9,870,827
90269CAD2	UBS-BARCLAYS COMMERCIAL MORTGA		3.53	05/10/2022		350,000		344,277
90270YBF5	UBSBCMT_13-C5		3.18	01/25/2023		500,000		480,515
92890NAU3	WFRBS_12-C10		2.88	11/01/2022		1,000,000		924,670
92935JBC8	WF-RBS_11-C2		4.87	12/15/2020		750,000		816,758
92936TAB8	WF-RBS COMMERCIAL MORTGAGE TRU		3.43	05/15/2022		500,000		488,590
92976BLJ9	WBCMT		0.27	08/15/2013		1,593,338		1,579,634
92976VAF5	WBCMT		5.92	04/15/2016		4,000,000		4,448,360
92977RAD8	WACHOVIA BANK COMMERCIAL MORTG		6.01	01/30/2015		4,000,000		4,452,080
BRS2PZSN1	GERMAN RESIDENTIAL ASSET NOTE		1.62	10/30/2015		2,822,498		3,657,818
						271,780,923		285,655,821
Corporate Debt Securities - Financials
001055AH5	AFLAC INC		2.65	02/15/2017		250,000		255,926
00163MAL8	PROLOGIS LP		4.50	08/15/2017		250,000		266,245
00448MAA9	ACHMEA HYPOTHEEKBANK N.V. - LT		3.20	11/03/2014		34,161,000		35,397,970
02005NAB6	ALLY FINANCIAL INC		8.30	02/12/2015		3,375,000		3,628,125
025816AU3	AMERICAN EXPRESS COMPANY		6.80	09/01/2016		250,000		266,250
025816AW9	AMERICAN EXPRESS COMPANY		5.50	09/12/2016		4,000,000		4,458,464
025816BG3	AMERICAN EXPRESS COMPANY		1.55	05/22/2018		8,000,000		7,717,186
0258M0DA4	AMERICAN EXPRESS CREDIT CORPOR		2.75	09/15/2015		11,500,000		11,914,355
0258M0DD8	AMERICAN EXPRESS CREDIT CORPOR		2.38	03/24/2017		500,000		508,173
0258M0DE6	AMERICAN EXPRESS CREDIT CORPOR		1.75	06/12/2015		250,000		253,162
02687QBC1	AMERICAN INTERNATIONAL GROUP I		5.60	10/18/2016		1,250,000		1,388,866
02687QDG0	AMERICAN INTERNATIONAL GROUP I		5.85	01/16/2018		250,000		281,525
029912BD3	AMERICAN TOWER CORPORATION		4.50	01/15/2018		250,000		266,692
046265AF1	ASTORIA FINANCIAL CORPORATION		5.00	05/19/2017		100,000		104,228
05253JAB7	AUSTRALIA & NEW ZEALAND BANKIN		0.90	02/12/2016		250,000		248,431
05253JAC5	AUSTRALIA & NEW ZEALAND BANKIN		1.45	05/15/2018		300,000		290,083
05348EAM1	AVALONBAY COMMUNITIES INC		5.70	03/15/2017		250,000		282,694
055299AL5	BBVA US SENIOR SA UNIPERSONAL		4.66	10/09/2015		284,000		293,713
05531FAG8	BB&T CORP		3.20	02/16/2016		625,000		654,812
05531FAL7	BB&T CORP		1.60	08/15/2017		9,300,000		9,153,996
05567L7E1	BNP PARIBAS SA		2.38	09/14/2017		500,000		497,147
05567LU54	BNP PARIBAS SA		3.60	02/23/2016		2,870,000		3,008,530
05571AAB1	BPCE SA		2.38	10/04/2013		5,310,000		5,333,364
05572FAA1	BNP PARIBAS COVERED BONDS SA		2.20	11/02/2015		10,400,000		10,699,624

22

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
05947KAK6	BANCO BRADESCO S.A.		2.37	05/16/2014		700,000		706,531
05956NAB8	BCO CREDITO INVS		3.00	09/13/2017		250,000		244,336
060505AU8	BANK OF AMERICA CORP		5.13	11/15/2014		100,000		105,266
060505CS1	BANK OF AMERICA CORP		5.63	10/14/2016		7,800,000		8,578,489
060505DH4	BANK OF AMERICA CORP		6.00	09/01/2017		6,775,000		7,560,000
06050TKN1	BANK OF AMERICA NA (US)		5.30	03/15/2017		250,000		271,214
06051GEA3	BANK OF AMERICA CORP		6.50	08/01/2016		6,000,000		6,737,353
06051GEB1	BANK OF AMERICA CORP		4.50	04/01/2015		400,000		419,635
06051GED7	BANK OF AMERICA CORP		3.70	09/01/2015		12,100,000		12,601,467
06051GEK1	BANK OF AMERICA CORP		3.75	07/12/2016		250,000		262,468
06366QW86	BANK OF MONTREAL		2.50	01/11/2017		500,000		511,592
06366RHA6	BANK OF MONTREAL		1.40	09/11/2017		300,000		293,164
063679JJ4	BANK OF MONTREAL		2.63	01/25/2016		6,000,000		6,262,560
063679ZT4	BANK OF MONTREAL		1.95	01/30/2017		2,600,000		2,661,308
06406HBN8	BANK OF NEW YORK MELLON CORP/T		3.10	01/15/2015		4,800,000		4,980,393
06406HBX6	BANK OF NEW YORK MELLON/THE		2.30	07/28/2016		1,500,000		1,549,921
064149A64	BANK OF NOVA SCOTIA TORONTO BR		3.40	01/22/2015		250,000		260,078
064149C47	BANK OF NOVA SCOTIA TORONTO BR		2.05	10/07/2015		200,000		204,958
064159AL0	BANK OF NOVA SCOTIA TORONTO BR		1.85	01/12/2015		150,000		152,410
064159AM8	BANK OF NOVA SCOTIA TORONTO BR		2.55	01/12/2017		250,000		255,794
064159BA3	BANK OF NOVA SCOTIA TORONTO BR		0.75	10/09/2015		250,000		248,924
064159BE5	BANK OF NOVA SCOTIA TORONTO BR		1.38	12/18/2017		150,000		146,213
064159BV7	BANK OF NOVA SCOTIA TORONTO BR		0.95	03/15/2016		100,000		99,483
06415CAD1	BANK OF NOVA SCOTIA TORONTO BR		1.05	03/20/2015		1,200,000		1,209,528
06415CAE9	BANK OF NOVA SCOTIA TORONTO BR		1.75	03/22/2017		6,000,000		6,092,640
064255AB8	BANK OF TOKYO-MITSUBISHI UFJ L		3.85	01/22/2015		8,000,000		8,339,993
06675EAA8	BANQUE PSA FINANCE		3.38	04/04/2014		850,000		851,506
06739FFZ9	BARCLAYS BANK PLC		5.20	07/10/2014		500,000		521,404
06739FGF2	BARCLAYS BANK PLC		5.00	09/22/2016		350,000		387,084
07385TAJ5	BEAR STEARNS CO INC		5.70	11/15/2014		2,000,000		2,127,998
073902PR3	BEAR STEARNS CO INC		6.40	10/02/2017		3,000,000		3,440,587
073902RU4	BEAR STEARNS CO INC		7.25	02/01/2018		4,500,000		5,330,393
09247XAD3	BLACKROCK INC.		3.50	12/10/2014		250,000		260,053
097014AN4	BOEING CAPITAL CORPORATION		2.13	07/15/2016		150,000		154,154
125577BA3	CIT GROUP INC		5.25	04/01/2014		4,300,000		4,364,500
136069DM0	CANADIAN IMPERIAL BANK OF COMM		2.60	07/02/2015		10,500,000		10,900,679
136069EH0	CANADIAN IMPERIAL BANK OF COMM		1.50	12/12/2014		8,000,000		8,121,040
136069ET4	CANADIAN IMPERIAL BANK OF COMM		0.90	10/01/2015		300,000		300,054
136069FA4	CANADIAN IMPERIAL BANK OF COMM		1.55	01/23/2018		150,000		146,311
14040HAX3	CAPITAL ONE FINANCIAL CORP		3.15	07/15/2016		1,000,000		1,039,915
14042E3V0	CAPITAL ONE FIN CORP		1.50	03/22/2018		100,000		95,921
172967BW0	CITIGROUP		4.88	05/07/2015		500,000		528,858
172967DY4	CITIGROUP		5.50	02/15/2017		250,000		271,574
172967ES6	CITIGROUP		6.13	05/15/2018		4,050,000		4,615,921
172967EY3	CITIGROUP		6.38	08/12/2014		8,150,000		8,597,199
172967EZ0	CITIGROUP		5.50	10/15/2014		19,150,000		20,125,807
172967FA4	CITIGROUP		6.01	01/15/2015		350,000		374,250
172967FY2	CITIGROUP		2.65	03/02/2015		5,000,000		5,090,926
172967GB1	CITIGROUP		2.25	08/07/2015		250,000		253,125
20035CAB6	COMERICA BANK		5.20	08/22/2017		250,000		278,808
20271RAA8	COMMONWEALTH BANK AUSTRALIA		1.95	03/16/2015		4,800,000		4,890,015
20271RAB6	COMMONWEALTH BANK AUSTRALIA		1.25	09/18/2015		250,000		251,684
20271RAC4	COMMONWEALTH BANK AUSTRALIA		1.90	09/18/2017		250,000		249,811
20272BAF1	COMMONWEALTH BANK AUSTRALIA, G		3.63	06/25/2014		40,000,000		41,417,600
20272BAK0	COMMONWEALTH BANK OF AUSTRALIA		2.90	09/17/2014		3,500,000		3,606,260
21685WBL0	RABOBANK NEDERLAND NV		2.13	10/13/2015		5,000,000		5,116,157
21686CAD2	RABOBANK NEDERLAND NV		3.38	01/19/2017		500,000		525,402
21987AAB6	CORPBANCA		3.13	01/15/2018		200,000		186,000

23

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
22541HCC4	CREDIT SUISSE FIRST BOSTON		6.00	02/15/2018		200,000		223,707
22541LBK8	CREDIT SUISSE (USA) INC		5.13	08/15/2015		300,000		324,651
22546QAE7	CREDIT SUISSE FIRST BOSTON		3.50	03/23/2015		300,000		313,648
22966RAA4	CUBESMART		4.80	04/15/2022		4,025,000		4,161,878
23329PAA8	DNB BANK ASA		3.20	04/03/2017		5,275,000		5,450,828
24422ERQ4	JOHN DEERE CAPITAL CORP		0.88	04/17/2015		7,110,000		7,130,647
24422ERW1	JOHN DEERE CAPITAL CORP		1.20	10/10/2017		200,000		194,530
251591AU7	DDR CORP		7.50	04/01/2017		350,000		405,870
2515A14E8	DEUTSCHE BK LDN		3.25	01/11/2016		1,250,000		1,309,004
25466AAC5	DISCOVER BANK		2.00	02/21/2018		250,000		241,157
25600WAA8	DNB BOLIGKREDITT AS		2.10	10/14/2015		1,200,000		1,232,328
25600WAB6	DNB BOLIGKREDITT AS		2.90	03/29/2016		6,200,000		6,480,860
25600WAD2	DNB BOLIGKREDITT AS		1.45	03/21/2018		900,000		872,289
26441YAM9	DUKE REALTY LP		5.95	02/15/2017		300,000		334,314
26884AAX1	ERP OPER LP		5.75	06/15/2017		300,000		341,744
316773CK4	FIFTH THIRD BANK		3.63	01/25/2016		500,000		526,077
345397WJ8	FORD MOTOR CREDIT COMPANY LLC		1.70	05/09/2016		3,800,000		3,724,462
354613AH4	FRANKLIN RESOURCES INC		1.38	09/15/2017		3,250,000		3,159,642
36186CBX0	ALLY FINANCIAL INC		2.47	12/01/2014		195,000		195,244
36962G4C5	GENERAL ELECTRIC CAP CORP		5.90	05/13/2014		700,000		733,061
36962G5M2	GENERAL ELECTRIC CAP CORP		2.15	01/09/2015		6,725,000		6,862,933
36962G5N0	GENERAL ELECTRIC CAP CORP		2.90	01/09/2017		750,000		774,436
36962G5W0	GENERAL ELECTRIC CAP CORP		2.30	04/27/2017		5,000,000		5,042,268
36962G6K5	GENERAL ELECTRIC CAP CORP		1.60	11/20/2017		6,000,000		5,857,981
36962G6M1	GENERAL ELECTRIC CAP CORP		1.00	12/11/2015		5,725,000		5,712,358
36962G6R0	GENERAL ELECTRIC CAP CORP		1.00	01/08/2016		5,780,000		5,745,075
36962GK86	GENERAL ELECTRIC CAP CORP		4.75	09/15/2014		1,000,000		1,048,627
37247DAF3	GENWORTH FINANCIAL INC		4.95	10/01/2015		250,000		262,515
38141GEA8	GOLDMAN SACHS GROUP INC		5.13	01/15/2015		200,000		211,170
38141GEE0	GOLDMAN SACHS GROUP INC		5.35	01/15/2016		1,000,000		1,081,372
38141GEG5	GOLDMAN SACHS GROUP INC		0.72	03/22/2016		4,150,000		4,089,161
38141GEU4	GOLDMAN SACHS GROUP INC		5.63	01/15/2017		250,000		270,403
38143UAW1	GOLDMAN SACHS GROUP INC		5.00	10/01/2014		200,000		209,419
38143USC6	GOLDMAN SACHS GROUP INC		3.63	02/07/2016		8,600,000		8,964,612
40411EAB4	BANK OF SCOTLAND PLC		5.25	02/21/2017		17,605,000		19,735,909
40414LAB5	HCP		2.70	02/01/2014		8,875,000		8,972,004
40414LAC3	HCP		3.75	02/01/2016		500,000		528,471
40428HPG1	HSBC BANK USA INC		2.38	02/13/2015		7,850,000		8,036,438
40428HPH9	HSBC BANK USA INC		1.63	01/16/2018		250,000		243,094
40429CCS9	HSBC FINANCE CORPORATION		5.00	06/30/2015		250,000		267,707
40430LAA7	HSBC FINANCE CAPITAL TRUST IX		5.91	11/30/2035		200,000		200,000
416518AA6	HARTFORD FINANCIAL SERVICES GR		4.00	10/15/2017		300,000		317,953
42217KAZ9	HEALTH CARE REIT INC		2.25	03/15/2018		4,500,000		4,417,013
44106MAH5	HOSPITALITY PPTYS TRST		6.30	12/15/2015		250,000		271,587
44328MAJ3	HSBC BANK PLC		2.00	01/19/2014		2,000,000		2,006,691
449786AL6	INT’L NEDERLAND BANK NV		4.00	03/15/2016		5,600,000		5,909,441
449786AR3	INT’L NEDERLAND BANK NV		2.00	09/25/2015		6,500,000		6,565,084
451102AH0	ICAHN ENTERPRISES LP / ICAHN E		8.00	01/15/2015		370,000		388,500
45324QAC0	ING BANK NV - (LT) GTD		3.90	03/19/2014		600,000		613,892
45685EAC0	ING US INC		3.15	02/15/2018		250,000		247,660
459745GJ8	INTERNATIONAL LEASE FINANCE CO		5.75	05/15/2016		3,000,000		3,082,890
46115HAG2	INTESA SANPAOLO SPA		3.13	01/15/2016		250,000		244,504
46115HAJ6	INTESA SANPAOLO SPA		3.88	01/16/2018		250,000		238,025
46625HHR4	JP MORGAN CHASE & CO		3.40	06/24/2015		10,000,000		10,380,985
46625HHX1	JP MORGAN CHASE & CO		3.45	03/01/2016		7,150,000		7,447,280
46625HJA9	JP MORGAN CHASE & CO		3.15	07/05/2016		1,750,000		1,811,416
47102XAF2	JANUS CAPITAL GROUP INC		6.70	06/15/2017		250,000		279,127
472319AJ1	JEFFERIES GROUP INC		3.88	11/09/2015		250,000		259,604

24

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
472319AK8	JEFFERIES GROUP INC		5.13	04/13/2018		300,000		316,300
48126EAA5	JP MORGAN CHASE & CO		2.00	08/15/2017		9,775,000		9,615,322
49326EEC3	KEYCORP		3.75	08/13/2015		500,000		526,115
49327M2A1	KEY BANK NATIONAL ASSOCIATION		1.65	02/01/2018		7,150,000		6,989,051
49446RAH2	KIMCO REALTY CORPORATION		5.70	05/01/2017		250,000		281,808
55342UAD6	MPT OPT PARTNER		6.38	02/15/2020		5,000,000		5,250,000
564759QB7	MANUFACTURERS & TRADERS		5.63	12/01/2016		250,000		255,309
56501RAA4	MANULIFE FINANCIAL CORP		3.40	09/17/2015		400,000		418,498
59018YUW9	MERRILL LYNCH & CO INC		5.00	01/15/2015		5,150,000		5,419,790
60688QAA3	MIZUHO CORPORATE BANK LTD		2.55	03/17/2017		3,225,000		3,263,985
617446V71	MORGAN STANLEY		6.25	08/28/2017		10,500,000		11,687,325
61746SBR9	MORGAN STANLEY		5.38	10/15/2015		7,000,000		7,518,958
61747WAD1	MORGAN STANLEY		2.88	01/24/2014		2,500,000		2,524,625
61747YCE3	MORGAN STANLEY		6.00	04/28/2015		3,500,000		3,756,633
61747YCK9	MORGAN STANLEY		4.20	11/20/2014		1,100,000		1,137,624
61747YDD4	MORGAN STANLEY		3.80	04/29/2016		9,400,000		9,745,896
61747YDT9	MORGAN STANLEY		4.75	03/22/2017		4,400,000		4,674,317
629491AB7	NYSE EURONEXT		2.00	10/05/2017		350,000		344,797
631103AE8	NASDAQ OMX GROUP INC /THE		5.25	01/16/2018		500,000		532,797
63254AAA6	NATIONAL AUSTRALIA BANK LIMITE		2.00	03/09/2015		5,000,000		5,101,130
63254AAB4	NATIONAL AUSTRALIA BANK LIMITE		2.75	03/09/2017		400,000		411,065
63254AAC2	NATIONAL AUSTRALIA BANK LIMITE		1.60	08/07/2015		300,000		304,096
63307A2A2	NATIONAL BK OF CANADA		1.50	06/26/2015		250,000		252,493
63307AAA3	NATIONAL BK OF CANADA		1.45	11/07/2017		5,000,000		4,851,603
637432HT5	NATIONAL RURAL UTILITIES COOP		5.45	04/10/2017		250,000		283,460
637432ML6	NATIONAL RURAL UTILITIES COOP		1.90	11/01/2015		7,100,000		7,248,340
638585AN9	BANK OF AMERICA CORP		7.75	08/15/2015		250,000		277,823
65535HAC3	NOMURA HOLDINGS INC		4.13	01/19/2016		500,000		522,794
65535HAD1	NOMURA HOLDINGS INC		2.00	09/13/2016		4,350,000		4,290,790
65557FAF3	NORDEA BANK AB		0.74	05/13/2016		5,000,000		5,007,100
6656P5AA2	NORTHERN ROCK PLC		5.63	06/22/2017		6,300,000		7,138,341
686330AG6	ORIX CORP		3.75	03/09/2017		300,000		308,337
693476AT0	PNC FUNDING CORP - GTD		5.25	11/15/2015		350,000		381,828
693476BH5	PNC FUNDING CORP - GTD		3.63	02/08/2015		1,985,000		2,069,516
69349LAC2	PNC BANKCORP INC		4.88	09/21/2017		250,000		274,501
69371RK88	PACCAR FINANCIAL CORP		0.75	08/14/2015		500,000		500,086
74432QAY1	PRUDENTIAL FINANCIAL INC		6.10	06/15/2017		100,000		113,604
74432QBL8	PRUDENTIAL FINANCIAL INC		3.88	01/14/2015		750,000		779,955
74977EPZ0	RABOBANK NEDERLAND NV		1.70	03/19/2018		9,125,000		8,854,186
756109AJ3	REALTY INCOME CORP		5.95	09/15/2016		200,000		224,442
78008SVD5	ROYAL BANK OF CANADA		1.50	01/16/2018		250,000		243,338
78008TLB8	ROYAL BANK OF CANADA		2.30	07/20/2016		1,000,000		1,030,004
78008TXA7	ROYAL BANK OF CANADA		1.45	10/30/2014		5,735,000		5,792,482
78010XAG6	ROYAL BANK OF SCOTLAND PLC		3.95	09/21/2015		1,000,000		1,053,519
78011DAC8	ROYAL BANK OF CANADA		1.20	09/19/2017		9,500,000		9,281,310
78442FCJ5	SLM CORP		5.38	05/15/2014		4,000,000		4,120,223
78403DAB6	SBA TOWER TRUST		5.10	04/15/2042		5,300,000		5,796,557
80282KAB2	SANTANDER HOLDINGS USA INC		3.00	08/24/2015		3,940,000		4,009,728
828807BM8	SIMON PROPERTY GROUP LP		5.10	06/15/2015		900,000		970,516
828807CM7	SIMON PROPERTY GROUP LP		1.50	02/01/2018		14,000,000		13,474,721
830505AP8	SKANDINAVISKA ENSKILDA BANKEN		1.75	03/19/2018		2,665,000		2,580,206
83368RAC6	SOCIETE GENERALE		2.75	10/12/2017		350,000		350,435
84603MXU5	SOVEREIGN BANK		8.75	05/30/2018		2,475,000		2,980,108
84650WAB2	SPAREBNK 1 BOLIG		2.63	05/27/2016		200,000		207,442
84650WAD8	SPAREBNK 1 BOLIG		2.30	06/30/2017		6,500,000		6,626,424
865622AU8	SUMITOMO MITSUI BANKING CORP		1.35	07/18/2015		300,000		301,442
865622AV6	SUMITOMO MITSUI BANKING CORP		1.80	07/18/2017		250,000		247,406
865622AY0	SUMITOMO MITSUI BANKING CORP		1.50	01/18/2018		5,000,000		4,772,079

25

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
86787GAG7	SUNTRUST BANK/ATLANTA GA		5.00	09/01/2015		100,000		106,346
867914BE2	SUNTRUST BANKS INC		3.50	12/20/2016		500,000		522,643
86960BAA0	SVENSKA HANDELSBANKEN AB		3.13	07/12/2016		250,000		262,795
86960BAB8	SVENSKA HANDELSBANKEN AB		2.88	04/04/2017		5,250,000		5,431,167
86960BAC6	SVENSKA HANDELSBANKEN AB		1.63	03/21/2018		250,000		241,739
86960BAD4	SVENSKA HANDELSBANKEN AB		0.72	03/21/2016		2,500,000		2,500,025
87020LAA4	SWEDBANK HYPOTEK AB		2.95	03/28/2016		8,100,000		8,505,162
87020LAB2	SWEDBANK HYPOTEK AB		0.73	03/28/2014		6,700,000		6,710,086
87020PAA5	SWEDBANK AB		2.13	09/29/2017		5,125,000		5,093,276
87020PAC1	SWEDBANK AB		1.75	03/12/2018		8,025,000		7,763,714
875484AD9	TANGER FACTORY OUTLET CENTERS		6.15	11/15/2015		500,000		556,561
89114QAE8	TORONTO-DOMINION BANK/THE		2.38	10/19/2016		300,000		309,945
90261XBY7	UBS AG		5.88	07/15/2016		185,000		202,623
90261XEM0	UBS AG		5.88	12/20/2017		591,000		685,194
90261XGD8	UBS AG		4.88	08/04/2020		5,500,000		6,068,832
90264AAA7	UBS PD FD TST IV		6.24	05/15/2016		250,000		255,000
90331HKP7	US BANK NATIONAL ASSOCIATION		4.95	10/30/2014		250,000		264,073
90520EAC5	UNION BANK NA		3.00	06/06/2016		7,800,000		8,181,332
90520EAE1	UNION BANK NA		2.13	06/16/2017		3,400,000		3,388,007
90520GAA4	UNION BANK NA		5.95	05/11/2016		250,000		276,994
91159HHB9	US BANCORP		2.20	10/14/2016		350,000		359,839
91159HHD5	US BANCORP		1.65	05/15/2017		500,000		496,861
91529YAG1	UNUM GROUP		7.13	09/30/2016		250,000		288,675
92933DAA8	WEA FINANCE LLC		7.50	06/02/2014		1,580,000		1,672,356
929903DT6	WACHOVIA CORP		5.75	06/15/2017		17,300,000		19,566,203
949746QU8	WELLS FARGO & COMPANY		3.68	06/15/2016		1,650,000		1,758,637
94974BFE5	WELLS FARGO & COMPANY		1.50	07/01/2015		7,720,000		7,782,184
959802AR0	WESTERN UNION CO/THE		2.88	12/10/2017		250,000		247,491
961214BH5	WESTPAC BANKING CORP		4.20	02/27/2015		600,000		632,033
961214BV4	WESTPAC BANKING CORP		2.00	08/14/2017		4,125,000		4,154,558
961214BY8	WESTPAC BANKING CORP		0.95	01/12/2016		100,000		99,393
961214BZ5	WESTPAC BANKING CORP		1.60	01/12/2018		250,000		244,959
BRSA6EXM7	DYNCORP INTERNATIONAL INC		—	07/07/2016		48,756		49,021
BRSAC4WT8	WAHA AEROSPACE BV		3.93	07/28/2020		787,500		819,000
BRSBG70Y9	REALOGY GROUP LLC		—	10/10/2016		371,049		371,142
BRSBG72X9	REALOGY GROUP LLC		—	09/05/2013		3,880,275		3,881,245
BRSBK3FH4	SI ORGANIZATION INC		—	11/22/2016		96,648		95,964
BRSC101R2	SPRINGLEAF FINANCIAL FUNDING C		—	05/10/2017		1,020,245		1,020,245
BRSE9BR07	DJO FINANCE LLC/DJO FINANCE CO		—	09/15/2017		2,098,779		2,108,832
BRSEVCW87	RPI FINANCE TRUST		—	11/09/2018		186,080		185,964
BRSFP5Y76	CNO FINANCIAL GROUP INC		—	09/29/2013		718,250		718,609
BRSFY8S44	ISTAR FINL INC.		—	10/15/2017		1,246,019		1,242,518
BRSG101A0	CUNNINGHAM LINDSEY GROUP INC		—	12/10/2019		756,200		753,364
BRSG6XW68	WINDSOR FINANCNG		—	11/07/2013		1,295,481		1,321,390
BRSG8Y7X3	HARBOURVEST PARTNERS LP		—	11/22/2013		721,587		725,195
BRSGE9A66	ALLIANT INSURANCE SERVICES INC		—	12/20/2019		875,600		873,411
BRSH6V6D4	OCWEN LOAN SERVICING LLC		—	01/28/2014		783,038		786,303
BRSHAJ5A3	TRANS UNION LLC/ TRANS UNION F		—	03/02/2014		2,140,511		2,146,933
BRSHE91P2	ASURION LLC		—	05/24/2019		1,850,700		1,831,730
BRSHE9MU8	CENTAUR ACQUISITION LLC		—	02/21/2014		585,000		590,119
BRSHE9NJ2	CENTAUR ACQUISITION LLC		—	02/20/2019		1,195,000		1,189,025
BRSHLFL94	CONSTELLIUM HOLDCO BV		—	03/26/2016		1,685,775		1,713,169
BRSHQJZB1	TWIN RIVER MANAGEMENT GROUP IN		—	03/27/2014		1,157,037		1,164,269
BRSHTM755	MONEYGRAM INTL INC		—	03/27/2014		593,513		593,886
BRSHUN736	CGSC OF DELAWARE HOLDINGS CORP		—	04/16/2020		855,000		850,725
BRSHUNR00	CGSC OF DELAWARE HOLDINGS CORP		—	10/16/2020		400,000		400,000
BRSJ58PC3	NUVEEN INVESTMENTS INC		—	05/13/2017		1,601,202		1,586,695
BRSJ58QQ1	NUVEEN INVESTMENTS INC		—	02/28/2019		1,076,000		1,060,753

26

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
BRSJCK8J2	KCG HOLDINGS INC		—	11/21/2017		885,000		870,619
BRSJNKJ74	NATIONAL FIN PRT		—	06/19/2020		370,000		367,380
E19794CQ2	BANCO SANTANDER SA		3.50	02/06/2014		4,000,000		5,270,788
G5577Y5Y2	LLYODS TSB BANK PLC - LT GTD		1.50	05/02/2017		3,300,000		5,079,369
N9636WAL1	WHITE NIGHTS FINANCE BV		10.50	03/08/2014		2,400,000		2,535,000
Y4864WAG4	KOREA EXCHANGE BANK		4.88	01/14/2016		2,000,000		2,128,560
						765,141,245		794,552,331
Corporate Debt Securities - Industrials
00037BAA0	ABB FINANCE USA INC		1.63	05/08/2017		250,000		247,286
00101JAE6	ADT CORP		2.25	07/15/2017		200,000		195,687
00206RAV4	AT&T INC		2.50	08/15/2015		7,325,000		7,554,839
00206RBC5	AT&T INC		1.60	02/15/2017		6,000,000		5,947,961
00206RBM3	AT&T INC		1.40	12/01/2017		8,450,000		8,219,697
002447AA8	AWAS AVIATION CAPITAL LTD		7.00	10/18/2014		76,000		79,040
00287YAA7	ABBVIE INC		1.20	11/06/2015		500,000		500,671
00287YAB5	ABBVIE INC		1.75	11/06/2017		5,300,000		5,186,800
00724FAA9	ADOBE SYSTEMS INC		3.25	02/01/2015		200,000		206,756
00817YAK4	AETNA INC		1.75	05/15/2017		750,000		741,150
00817YAL2	AETNA INC		1.50	11/15/2017		4,100,000		3,977,869
00846UAC5	AGILENT TECH INC		6.50	11/01/2017		100,000		115,799
00846UAF8	AGILENT TECH INC		2.50	07/15/2013		7,000,000		7,004,550
009363AN2	AIRGAS INC		1.65	02/15/2018		100,000		96,743
013817AL5	ALCOA INC		5.55	02/01/2017		250,000		264,790
018490AP7	ALLERGAN INC/UNITED STATES		1.35	03/15/2018		950,000		923,710
023135AH9	AMAZON.COM INC		1.20	11/29/2017		150,000		144,534
02364WBC8	AMERICA MOVIL SA		2.38	09/08/2016		1,800,000		1,827,774
02377VAA0	AMERICAN AIRLINES 2011-2 CLASS		8.63	04/15/2023		90,999		96,914
02666QM26	AMERICAN HONDA FINANCE CORPORA		1.60	02/16/2018		2,460,000		2,410,469
031162BF6	AMGEN INC		2.30	06/15/2016		500,000		513,066
031162BQ2	AMGEN INC		2.13	05/15/2017		500,000		501,970
032511AX5	ANADARKO PETROLEUM CORP		5.95	09/15/2016		250,000		280,552
032511BH9	ANADARKO PETROLEUM CORP		6.38	09/15/2017		200,000		229,983
034863AA8	ANGLO AMERICAN CAPITAL PLC		9.38	04/08/2014		6,280,000		6,647,694
03523TAM0	ANHEUSER-BUSCH INBEV WORLDWIDE		4.13	01/15/2015		12,025,000		12,631,151
03523TBA5	ANHEUSER-BUSCH INBEV WORLDWIDE		2.88	02/15/2016		6,000,000		6,278,573
03523TBM9	ANHEUSER-BUSCH INBEV WORLDWIDE		0.80	07/15/2015		100,000		99,916
03523TBN7	ANHEUSER-BUSCH INBEV WORLDWIDE		1.38	07/15/2017		5,000,000		4,917,861
035242AC0	ANHEUSER-BUSCH INBEV FINANCE I		1.25	01/17/2018		500,000		484,881
035242AD8	ANHEUSER-BUSCH INBEV FINANCE I		0.80	01/15/2016		400,000		397,259
037411AS4	APACHE CORP		5.63	01/15/2017		5,700,000		6,429,900
03746AAC4	APACHE FIN CANADA CORP		4.38	05/15/2015		770,000		819,681
037833AH3	APPLE INC		0.45	05/03/2016		9,875,000		9,765,985
037833AJ9	APPLE INC		1.00	05/03/2018		800,000		766,915
039483AY8	ARCHER-DANIELS-MIDLAND COMPANY		5.45	03/15/2018		2,884,000		3,319,040
03969AAB6	ARDAGH PACKAGING FINANCE PLC/A		4.88	11/15/2022		201,000		186,930
042735BB5	ARROW ELECTRONICS INC		3.00	03/01/2018		75,000		74,133
046353AB4	ASTRAZENECA PLC		5.90	09/15/2017		300,000		348,293
05329WAJ1	AUTONATION INC		6.75	04/15/2018		310,000		345,650
053332AK8	AUTOZONE INC		5.75	01/15/2015		300,000		321,746
053499AG4	AVAYA INC.		7.00	04/01/2019		290,000		261,725
054303AU6	AVON PRODUCTS INC		5.75	03/01/2018		150,000		161,273
054303AY8	AVON PRODUCTS INC		2.38	03/15/2016		5,600,000		5,648,413
055451AP3	BHP BILLITON FINANCE LTD		1.63	02/24/2017		250,000		248,474
05565QBH0	BP CAPITAL MARKETS PLC		3.88	03/10/2015		6,235,000		6,551,945
05565QBY3	BP CAPITAL MARKETS PLC		1.85	05/05/2017		7,300,000		7,280,418
067901AF5	BARRICK GOLD CORP		2.90	05/30/2016		300,000		295,504
067901AM0	BARRICK GOLD CORP		2.50	05/01/2018		4,100,000		3,677,894
07556QBB0	BEAZER HOMES USA INC		6.63	07/15/2017		425,000		450,500

27

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
075887BB4	BECTON DICKINSON AND COMPANY		1.75	11/08/2016		500,000		501,713
097014AK0	BOEING CAPITAL CORPORATION		3.25	10/27/2014		7,125,000		7,374,047
097023BC8	BOEING CO		3.75	11/20/2016		150,000		160,104
101137AJ6	BOSTON SCIENTIFIC CORP		4.50	01/15/2015		150,000		156,956
10138MAH8	BOTTLING GROUP LLC		6.95	03/15/2014		7,000,000		7,304,850
110122AS7	BRISTOL-MYERS SQUIBB CO		0.88	08/01/2017		100,000		96,610
115637AK6	BROWN-FORMAN CORPORATION		2.50	01/15/2016		500,000		517,168
120568AV2	BUNGE LIMITED FINANCE CORP		3.20	06/15/2017		300,000		304,816
124857AH6	CBS CORP		1.95	07/01/2017		200,000		198,335
12513GAW9	CDW LLC / CDW FINANCE CORP		8.00	12/15/2014		1,050,000		1,141,875
12543DAR1	CHS/COMMUNITY HEALTH SYSTEMS I		5.13	08/15/2017		635,000		644,525
12625GAA2	CNOOC FINANCE (2013) LTD		1.13	05/09/2016		4,250,000		4,188,959
12626PAG8	CRH AMERICA INC.		6.00	09/30/2016		500,000		561,815
126408GM9	CSX CORPORATION		6.25	03/15/2018		300,000		350,821
126650BE9	CVS CAREMARK CORP		6.13	08/15/2016		250,000		283,950
126650BH2	CVS CAREMARK CORP		5.75	06/01/2017		300,000		342,922
126650BQ2	CVS PASS-THROUGH TRUST		6.94	01/10/2030		1,921,392		2,219,816
127055AJ0	CABOT CORP		2.55	01/15/2018		150,000		148,610
12800UAL4	LA CAISSE CENTRALE DESJARDINS		1.60	03/06/2017		6,000,000		6,052,920
134429AV1	CAMPBELL SOUP COMPANY		3.05	07/15/2017		200,000		206,782
136385AK7	CANADIAN NATURAL RESOURCES LTD		5.70	05/15/2017		250,000		282,317
14149YAG3	CARDINAL HEALTH INC		4.00	06/15/2015		400,000		420,851
141781BA1	CARGILL INC		1.90	03/01/2017		6,000,000		6,017,221
141781BB9	CARGILL INC		3.30	03/01/2022		4,000,000		3,931,401
143658AY8	CARNIVAL CORP		1.88	12/15/2017		250,000		241,758
143658AZ5	CARNIVAL CORP		1.20	02/05/2016		150,000		149,128
14912L4S7	CATERPILLAR INC		2.65	04/01/2016		250,000		259,125
14912L5D9	CATERPILLAR INC		1.10	05/29/2015		250,000		251,839
14912L5E7	CATERPILLAR INC		1.63	06/01/2017		6,200,000		6,171,114
14912L5H0	CATERPILLAR INC		0.70	11/06/2015		8,150,000		8,119,422
14912L5J6	CATERPILLAR INC		1.25	11/06/2017		150,000		146,020
14987BAD5	CC HLD V		2.38	12/15/2017		100,000		98,180
151020AG9	CELGENE CORPORATION		1.90	08/15/2017		300,000		296,253
166764AA8	CHEVRON CORP		1.10	12/05/2017		350,000		341,600
166764AE0	CHEVRON CORP		1.72	06/24/2018		300,000		298,145
17275RAC6	CISCO SYSTEMS INC		5.50	02/22/2016		4,375,000		4,875,472
17275RAG7	CISCO SYSTEMS INC		2.90	11/17/2014		500,000		516,513
17275RAK8	CISCO SYSTEMS INC		3.15	03/14/2017		2,500,000		2,641,656
18451QAJ7	CLEAR CHANNEL WORLDWIDE HOLDIN		6.50	11/15/2020		200,000		202,000
18451QAK4	CLEAR CHANNEL WORLDWIDE HOLDIN		6.50	11/15/2020		543,000		553,860
18538RAE3	CLEARWATER PAPER CORP		7.13	11/01/2014		3,000,000		3,225,000
18683KAF8	CLIFFS NATURAL RESOURCES INC		3.95	01/15/2018		250,000		237,324
191216AU4	COCA-COLA COMPANY (THE)		1.80	09/01/2016		1,000,000		1,022,843
19416QDW7	COLGATE-PALMOLIVE CO		0.60	11/15/2014		250,000		250,370
20030NAB7	COMCAST CORP		6.50	01/15/2015		1,000,000		1,086,328
20030NAL5	COMCAST CORP		5.90	03/15/2016		7,500,000		8,421,718
20030NAR2	COMCAST CORP		5.88	02/15/2018		7,150,000		8,258,308
205363AM6	COMPUTER SCIENCES CORP		2.50	09/15/2015		111,000		112,933
205887BP6	CONAGRA FOODS INC.		1.30	01/25/2016		66,000		66,009
205887BQ4	CONAGRA FOODS INC.		1.90	01/25/2018		225,000		221,903
20825CAT1	CONOCOPHILLIPS		4.60	01/15/2015		500,000		529,304
20825TAA5	CONOCO INC		5.63	10/15/2016		250,000		282,156
20826FAB2	CONOCOPHILLIPS CO		1.05	12/15/2017		250,000		241,813
210795QD5	CONTINENTAL AIRLINES 2012-3 CL		6.13	04/29/2018		450,000		454,500
21079UAA3	CONTINENTAL AIRLINES		7.25	05/10/2021		4,256,791		4,916,593
21079VAA1	UAL_12-2A		4.75	07/12/2022		2,215,658		2,320,902
22160KAD7	COSTCO WHSLE CORP		0.65	12/07/2015		200,000		199,654
22160KAE5	COSTCO WHSLE CORP		1.13	12/15/2017		6,150,000		5,986,321

28

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
22303QAG5	COVIDIEN INTERNATIONAL FINANCE		6.00	10/15/2017		250,000		289,019
22303QAK6	COVIDIEN INTERNATIONAL FINANCE		2.80	06/15/2015		10,800,000		11,145,335
224044BM8	COX COMMUNICATIONS INC		5.45	12/15/2014		80,000		85,262
22818VAB3	CROWN AMERICAS LLC/CROWN AMERI		6.25	02/01/2016		500,000		528,750
22822RAZ3	CROWN CASTLE TOWERS LLC		4.88	08/15/2040		5,250,000		5,764,445
233835AW7	DAIMLERCHRYSLER NA HLDG		6.50	11/15/2013		6,200,000		6,334,912
233851AT1	DAIMLERCHRYSLER NA HLDG		1.25	01/11/2016		7,290,000		7,258,548
235851AL6	DANAHER CORPORATION		2.30	06/23/2016		200,000		206,450
237194AG0	DARDEN RESTAURANTS INC		6.20	10/15/2017		150,000		167,138
24422EQY8	JOHN DEERE CAPITAL CORP		2.95	03/09/2015		500,000		519,783
24422ERN1	JOHN DEERE CAPITAL CORP		1.40	03/15/2017		500,000		497,870
24702RAP6	DELL INC		3.10	04/01/2016		250,000		247,500
247361ZH4	DELTA AIR LINES INC		4.95	11/23/2020		123,197		130,435
24736TAA5	DELTA AIR LINES INC		7.75	06/17/2021		1,428,447		1,664,140
249030AB3	DENTSPLY INTL INC.		2.75	08/15/2016		1,475,000		1,490,670
25179MAM5	DEVON ENERGY CORPORATION		1.88	05/15/2017		300,000		296,965
25243YAM1	DIAGEO CAPITAL PLC		5.75	10/23/2017		250,000		287,989
25243YAR0	DIAGEO CAPITAL PLC		1.50	05/11/2017		3,150,000		3,120,881
25243YAS8	DIAGEO CAPITAL PLC		0.63	04/29/2016		5,180,000		5,115,334
25244SAC5	DIAGEO FINANCE		5.30	10/28/2015		150,000		164,523
25459HAV7	DIRECTV HOLDINGS LLC		3.13	02/15/2016		2,475,000		2,575,130
25459HBE4	DIRECTV HOLDINGS LLC		2.40	03/15/2017		1,200,000		1,209,823
25468PCG9	WALT DISNEY COMPANY (THE)		6.00	07/17/2017		150,000		174,031
25468PCS3	WALT DISNEY COMPANY (THE)		1.13	02/15/2017		500,000		491,352
25468PCV6	WALT DISNEY COMPANY (THE)		1.10	12/01/2017		6,100,000		5,924,933
256677AB1	DOLLAR GENERAL CORP		1.88	04/15/2018		200,000		192,907
263534BY4	EI DU PONT DE NEMOURS & CO		3.25	01/15/2015		500,000		519,702
268648AP7	EMC CORPORATION		1.88	06/01/2018		250,000		247,287
26875PAJ0	EOG RESOURCES INC		1.02	02/03/2014		2,700,000		2,709,612
277432AM2	EASTMAN CHEMICAL COMPANY		2.40	06/01/2017		500,000		501,886
278642AD5	EBAY INC.		0.70	07/15/2015		250,000		249,537
278642AG8	EBAY INC.		1.35	07/15/2017		3,071,000		3,009,330
278865AK6	ECOLAB INC		3.00	12/08/2016		500,000		521,699
278865AN0	ECOLAB INC		1.00	08/09/2015		250,000		249,523
291011AZ7	EMERSON ELECTRIC CO		4.13	04/15/2015		250,000		264,632
29264FAG1	ENDO HEALTH SOLUTIONS INC		7.00	07/15/2017		1,000,000		1,007,500
29379VAA1	ENTERPRISE PROD OPER LP		6.30	09/15/2017		300,000		352,191
29379VAX1	ENTERPRISE PROD OPER LP		1.25	08/13/2015		122,000		122,530
29977HAD2	EP ENERGY LLC/EVEREST ACQUISIT		6.88	05/01/2015		300,000		321,000
302182AF7	EXPRESS SCRIPTS, INC.		3.13	05/15/2016		2,500,000		2,610,575
30219GAC2	ARISTOTLE HOLDING INC		3.50	11/15/2016		750,000		794,196
30249UAA9	FMC TECHNOLOGIES INC		2.00	10/01/2017		1,650,000		1,625,533
314275AA6	FEDRTD RTIL HLDG		5.90	12/01/2016		300,000		341,172
31620MAJ5	FIDELITY NATIONAL INFORMATION		2.00	04/15/2018		293,000		282,322
319963BE3	FIRST DATA CORP		6.75	11/01/2018		610,000		623,725
337738AG3	FISERV INC		6.80	11/20/2017		50,000		58,495
337738AK4	FISERV INC		3.13	06/15/2016		200,000		207,626
345397VN0	FORD MOTOR CREDIT COMPANY LLC		7.00	04/15/2015		3,400,000		3,688,235
345397VP5	FORD MOTOR CREDIT COMPANY LLC		6.63	08/15/2017		300,000		337,909
345397WB5	FORD MOTOR CREDIT COMPANY LLC		4.21	04/15/2016		200,000		209,442
345397WC3	FORD MOTOR CREDIT COMPANY LLC		2.75	05/15/2015		250,000		253,464
345397WD1	FORD MOTOR CREDIT COMPANY LLC		3.00	06/12/2017		200,000		199,492
345397WE9	FORD MOTOR CREDIT COMPANY LLC		2.50	01/15/2016		300,000		302,251
35168XAA9	FRAC TECH SERVICES LLC		8.13	11/15/2016		367,000		381,680
35177PAU1	FRANCE TELECOM SA		2.13	09/16/2015		500,000		506,848
35671DAW5	FREEPORT-MCMORAN COPPER & GOLD		2.15	03/01/2017		250,000		243,361
35671DBE4	FREEPORT-MCMORAN COPPER & GOLD		2.38	03/15/2018		4,200,000		3,993,276
361448AP8	GATX CORP		2.38	07/30/2018		93,000		90,618

29

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
368266AN2	GAZ CAPITAL SA		5.09	11/29/2015		2,750,000		2,880,625
369550AV0	GENERAL DYNAMICS CORP		1.00	11/15/2017		200,000		193,560
369604BE2	GENERAL ELECTRIC CO		0.85	10/09/2015		5,975,000		5,962,691
370334BF0	GENERAL MILLS INC		5.20	03/17/2015		500,000		536,048
377372AD9	GLAXOSK CAP INC		5.65	05/15/2018		350,000		405,166
377373AC9	GLAXOSMITHKLINE CAPITAL PLC		1.50	05/08/2017		7,250,000		7,191,150
378272AB4	GLENCORE FUNDING LLC		1.70	05/27/2016		4,000,000		3,867,753
380956AC6	GOLDCORP INC.		2.13	03/15/2018		150,000		141,943
38259PAC6	GOOGLE		2.13	05/19/2016		500,000		517,475
404119BK4	HCE-THE HEALTHCARE COMPANY		7.25	03/15/2015		3,500,000		3,762,500
404121AC9	HCE-THE HEALTHCARE COMPANY		6.50	02/15/2020		530,000		573,725
41283LAC9	HARLEY-DAVIDSON FINANCIAL		1.15	09/15/2015		4,860,000		4,850,308
415864AK3	HARSCO CORP		2.70	10/15/2015		100,000		100,570
428236AS2	HEWLETT-PACKARD CO		5.50	03/01/2018		150,000		166,428
428236BC6	HEWLETT-PACKARD CO		2.13	09/13/2015		300,000		303,442
428236BL6	HEWLETT-PACKARD CO		2.65	06/01/2016		400,000		407,963
428236BP7	HEWLETT-PACKARD CO		3.00	09/15/2016		6,250,000		6,414,699
428236BW2	HEWLETT-PACKARD CO		2.60	09/15/2017		250,000		249,812
437076AP7	HOME DEPOT INC		5.40	03/01/2016		500,000		555,022
438516AS5	HONEYWELL INTERNATIONAL INC		5.30	03/15/2017		150,000		168,915
448055AC7	HUSKY ENERGY INC.		6.20	09/15/2017		300,000		340,207
453140AA3	IMPERIAL TOBACCO FIN PLC		2.05	02/11/2018		4,270,000		4,156,085
456866AS1	INGERSOLL-RAND COMPANY		4.75	05/15/2015		30,000		31,541
458140AH3	INTEL CORP		1.95	10/01/2016		6,300,000		6,451,271
458140AL4	INTEL CORP		1.35	12/15/2017		9,775,000		9,530,571
459200GX3	INTERNATIONAL BUSINESS MACHINE		1.95	07/22/2016		1,650,000		1,689,837
459284AA3	INTERNATIONAL CCE INC		2.13	09/15/2015		600,000		611,490
460146BU6	INTERNATIONAL PAPER COMPANY		5.30	04/01/2015		250,000		265,037
460690BJ8	INTERPUBLIC GRP OF CO INC		2.25	11/15/2017		100,000		97,273
478366AZ0	JOHNSON CONTROLS INC.		2.60	12/01/2016		200,000		206,459
481165AF5	JOY GLOBAL INC.		6.00	11/15/2016		150,000		165,621
487836BE7	KELLOGG COMPANY		3.25	05/21/2018		250,000		261,291
487836BH0	KELLOGG COMPANY		1.75	05/17/2017		150,000		149,059
494368BB8	KIMBERLY-CLARK CORPORATION		6.13	08/01/2017		250,000		292,181
500472AB1	ROYAL PHILIPS ELECTRONICS N.V.		5.75	03/11/2018		200,000		230,545
50075NAX2	MONDELEZ INTERNATIONAL INC		6.75	02/19/2014		9,680,000		10,046,098
50075NBB9	MONDELEZ INTERNATIONAL INC		4.13	02/09/2016		500,000		534,811
50076QAK2	KRAFT FOODS GROUP INC		1.63	06/04/2015		500,000		504,873
501044CM1	KROGER CO (THE)		3.90	10/01/2015		300,000		316,949
502413AW7	L-3 COMMUNICATIONS HOLDINGS IN		3.00	08/01/2035		8,715,000		8,892,089
502413BB2	L-3 COMMUNICATIONS CORP		3.95	11/15/2016		250,000		262,522
50540RAK8	LABORATORY CORP OF AMER HLDGS		2.20	08/23/2017		150,000		149,006
527298AJ2	LEVEL 3 FINANCING INC		4.21	02/15/2015		270,000		268,650
532457BB3	ELI LILLY AND COMPANY		5.20	03/15/2017		250,000		278,727
532716AT4	LTD BRANDS INC		6.63	04/01/2021		410,000		444,850
539830AX7	LOCKHEED MARTIN CORPORATION		2.13	09/15/2016		150,000		152,854
544152AF8	LORILLARD TOBACCO CO		2.30	08/21/2017		150,000		148,136
548661CY1	LOWE’S COS INC		1.63	04/15/2017		800,000		797,262
55181WAA2	LYNX I CORP		5.38	04/15/2019		400,000		402,000
565849AJ5	MARATHON OIL CORP		0.90	11/01/2015		150,000		148,927
577081AX0	MATTEL INC		1.70	03/15/2018		100,000		97,257
58013MEB6	MCDONALDS CORP		5.80	10/15/2017		250,000		290,321
58013MEE0	MCDONALDS CORP		5.35	03/01/2018		150,000		172,145
58013MEP5	MCDONALDS CORP		0.75	05/29/2015		100,000		100,205
581557AY1	MCKESSON CORP		0.95	12/04/2015		3,500,000		3,496,503
58155QAC7	MCKESSON CORP		3.25	03/01/2016		8,000,000		8,408,700
58155QAF0	MCKESSON CORP		1.40	03/15/2018		2,300,000		2,226,340
58405UAF9	MEDCO HEALTH SOLUTIONS INC.		2.75	09/15/2015		750,000		772,870

30

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
585055AR7	MEDTRONIC INC		3.00	03/15/2015		200,000		207,535
585055AU0	MEDTRONIC INC		2.63	03/15/2016		200,000		205,435
58933YAB1	MERK & CO INC		2.25	01/15/2016		969,000		1,000,664
58933YAD7	MERCK & CO INC		0.70	05/18/2016		150,000		148,665
58933YAG0	MERCK & CO INC		1.30	05/18/2018		150,000		145,560
626717AE2	MURPHY OIL CORP		2.50	12/01/2017		100,000		98,685
628530AZ0	MYLAN INC/PA		1.80	06/24/2016		2,455,000		2,451,855
64110DAC8	NETAPP INC		2.00	12/15/2017		350,000		338,797
652482BG4	NEWS AMER INC		5.30	12/15/2014		250,000		265,713
654624AE5	NTT CORP		1.40	07/18/2017		250,000		244,497
655844BB3	NORFOLK SOUTHERN CORPORATION		5.75	01/15/2016		350,000		389,103
66989HAC2	NOVARTIS CAPITAL CORP		2.90	04/24/2015		300,000		312,196
66989PAA8	NOVATEK FINANCE LIMITED		5.33	02/03/2016		4,000,000		4,165,789
670704AC9	NUVASIVE INC		2.75	07/01/2017		3,955,000		3,879,222
674599CB9	OCCIDENTAL PETROLEUM CORPORATI		1.75	02/15/2017		250,000		249,837
674599CD5	OCCIDENTAL PETROLEUM CORPORATI		1.50	02/15/2018		250,000		242,686
675757AA6	ODEBRECHT DRILL VIII/IX		6.35	06/30/2020		1,850,000		1,877,750
676253AL1	OFFSHORE GROUP INVESTMENT LTD		7.13	04/01/2023		180,000		176,850
68268NAF0	ONEOK PARTNERS LP		3.25	01/01/2016		850,000		885,421
68389XAC9	ORACLE CORP		5.75	04/15/2018		1,800,000		2,094,345
68389XAN5	ORACLE CORP		1.20	10/15/2017		3,300,000		3,209,465
68402LAC8	ORACLE CORP		5.25	01/15/2016		500,000		552,549
69419BAA3	PACIFIC DRILLING SA		5.38	06/01/2020		425,000		397,800
709599AC8	PENSKE TRUCK LEASING CO		3.13	05/11/2015		1,825,000		1,862,488
709599AJ3	PENSKE TRUCK LEASING CO		2.50	03/15/2016		6,775,000		6,837,903
709629AC3	PENTAIR FINANCE SA		1.35	12/01/2015		150,000		150,207
713448CA4	PEPSICO INC		0.70	08/13/2015		500,000		498,829
713448CB2	PEPSICO INC		1.25	08/13/2017		500,000		488,383
71647NAC3	PETROBRAS INT BRASPETRO BV		2.00	05/20/2016		4,000,000		3,928,789
717081DD2	PFIZER INC		0.90	01/15/2017		5,100,000		5,044,606
718172AA7	PHILIP MORRIS INTERNATIONAL IN		5.65	05/16/2018		500,000		577,601
718172AJ8	PHILIP MORRIS INTERNATIONAL IN		2.50	05/16/2016		6,000,000		6,224,173
718172AS8	PHILIP MORRIS INTERNATIONAL IN		1.13	08/21/2017		7,753,000		7,533,482
723787AE7	PIONEER NAT RES CO		5.88	07/15/2016		250,000		279,251
72447XAC1	PITNEY BOWES INC.		5.75	09/15/2017		350,000		376,014
72650RAX0	PLAINS ALL AMERICAN PIPELINE L		3.95	09/15/2015		250,000		265,809
74005PBE3	PRAXAIR INC		0.75	02/21/2016		300,000		297,940
740189AJ4	PRECISION CASTPARTS CORP		0.70	12/20/2015		100,000		99,654
740189AK1	PRECISION CASTPARTS CORP		1.25	01/15/2018		150,000		145,470
742718DQ9	PROCTER & GAMBLE COMPANY		3.15	09/01/2015		2,300,000		2,421,368
742718DS5	PROCTER & GAMBLE COMPANY		1.80	11/15/2015		500,000		511,823
742718DU0	PROCTER & GAMBLE COMPANY		0.70	08/15/2014		250,000		250,806
74913GAT2	QWEST CORP		6.50	06/01/2017		500,000		563,835
75405UAB2	RAS LAFFAN LNG 3		5.83	09/30/2016		290,850		308,650
75605EBX7	REALOGY CORP		7.63	01/15/2016		385,000		418,688
761713AE6	REYNOLDS AMERICAN INC		7.63	06/01/2016		250,000		291,392
761713AV8	REYNOLDS AMERICAN INC		1.05	10/30/2015		83,000		82,825
761735AD1	REYNOLDS GROUP ISSUER INC / RE		6.88	02/15/2019		580,000		607,550
761735AP4	REYNOLDS GROUP ISSUER INC / RE		5.75	10/15/2018		1,810,000		1,819,050
767201AF3	RIO TINTO FINANCE USA LIMITED		8.95	05/01/2014		9,175,000		9,782,569
767201AJ5	RIO TINTO FINANCE (USA) LTD		1.88	11/02/2015		5,000,000		5,078,447
76720AAA4	RIO TINTO FINANCE (USA) PLC		1.13	03/20/2015		800,000		801,810
77509NAK9	ROGERS COMMUN INC.		5.50	03/15/2014		10,000,000		10,327,300
77531QAM0	ROGERS COMMUN INC.		7.50	03/15/2015		500,000		553,533
776696AD8	ROPER IND, INC.		1.85	11/15/2017		100,000		96,844
77819RAA7	ROSNEFT INTERNATIONAL FINANCE		4.20	03/06/2022		2,090,000		1,934,229
78355HJR1	RYDER SYSTEM INC.		3.50	06/01/2017		5,875,000		6,011,430
78355HJS9	RYDER SYSTEM INC.		2.50	03/01/2017		350,000		347,342

31

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
78387GAL7	AT&T INC		5.63	06/15/2016		1,350,000		1,510,630
78572MAD7	SABMILLER PLC		6.50	07/01/2016		6,250,000		7,174,433
78659QAA0	SAFWAY GROUP HOLDING LLC		7.00	05/15/2018		237,000		231,075
790849AH6	ST JUDE MEDICAL INC		2.50	01/15/2016		5,000,000		5,105,942
79546VAJ5	SALLY HOLDINGS LLC/SALLY CAPIT		5.75	06/01/2020		5,000,000		5,050,000
801060AA2	SANOFI AVENTIS		1.20	09/30/2014		250,000		251,886
801060AB0	SANOFI		1.25	04/10/2018		5,538,000		5,350,078
806261AE3	SCHAEFFLER FINANCE BV		4.75	05/15/2021		411,000		391,349
806854AA3	SCHLUMBERGER GER INV		1.95	09/14/2016		1,950,000		1,983,809
80685PAC2	SCHLUMBERGER NORGE AS		1.95	09/14/2016		2,700,000		2,746,813
811065AA9	SCRIPPS NETWORKS INTERACTIVE I		2.70	12/15/2016		250,000		257,552
822582AH5	SHELL INTERNATIONAL FINANCE BV		3.25	09/22/2015		1,000,000		1,055,242
843452BC6	SOUTHERN NAT GAS CO LLC		5.90	04/01/2017		250,000		281,971
84359YAB2	SOUTHERN PACIFIC RESOURCE CORP		6.00	06/30/2016		1,800,000		1,798,577
844030AH9	SOUTHERN UNION CO		3.29	11/01/2066		4,850,000		4,401,375
844741AX6	SOUTHWEST AIRLINES CO.		5.13	03/01/2017		250,000		269,944
852061AK6	SPRINT NEXTEL CORPORATION		9.00	11/15/2018		370,000		431,975
852061AQ3	SPRINT NEXTEL CORPORATION		7.00	03/01/2020		4,045,000		4,338,263
871503AG3	SYMANTEC CORP		2.75	09/15/2015		100,000		103,049
871503AJ7	SYMANTEC CORP		2.75	05/15/2017		100,000		100,665
871829AL1	SYSCO CORP		5.25	02/12/2018		250,000		283,410
872882AC9	TSMC GLOBAL LTD		1.63	04/03/2018		4,000,000		3,710,080
87612EAP1	TARGET CORPORATION		5.38	05/01/2017		250,000		283,269
87612EAS5	TARGET CORPORATION		6.00	01/15/2018		200,000		233,424
878237AF3	TECH DATA CORP		3.75	09/21/2017		300,000		301,520
878742AX3	TECK RESOURCES LIMITED		2.50	02/01/2018		150,000		145,439
87927VAL2	TELECOM ITALIA CAPITAL		4.95	09/30/2014		750,000		774,375
87938WAJ2	TELEFONICA EMISIONES SAU		4.95	01/15/2015		12,000,000		12,469,601
87938WAN3	TELEFONICA EMISIONES SAU		3.99	02/16/2016		650,000		669,555
87938WAQ6	TELEFONICA EMISIONES SAU		3.19	04/27/2018		350,000		338,167
88033GBP4	TENET HEALTHCARE CO		6.25	11/01/2018		270,000		284,175
88033GBX7	TENET HEALTHCARE CO		4.50	04/01/2021		769,000		717,093
88156LAC4	TERVITA CORP		8.00	11/15/2018		481,000		473,785
88165FAC6	TEVA PHARMAC FIN		2.40	11/10/2016		600,000		616,020
882508AR5	TEXAS INSTRUMENTS INC		2.38	05/16/2016		250,000		259,036
883556AW2	THERMO FISHER SCIENTIFIC INC		2.05	02/21/2014		2,000,000		2,017,020
883556BA9	THERMO FISHER SCIENTIFIC		2.25	08/15/2016		3,850,000		3,908,875
884903BL8	THOMSON REUTERS CORP		0.88	05/23/2016		5,000,000		4,943,426
88579YAD3	3M CO		1.38	09/29/2016		250,000		252,229
88579YAE1	3M CO		1.00	06/26/2017		300,000		293,435
88632QAA1	TIBCO SOFTWARE INC		2.25	05/01/2032		3,750,000		3,654,600
887317AC9	TIME WARNER INC		5.88	11/15/2016		250,000		284,552
887317AJ4	TIME WARNER INC		3.15	07/15/2015		250,000		260,347
88732JAH1	TIME WARNER CABLE INC		5.85	05/01/2017		250,000		277,344
89153VAA7	TOTAL CAPITAL INTERNATIONAL SA		1.50	02/17/2017		500,000		495,300
89153VAC3	TOTAL CAPITAL INTERNATIONAL SA		1.55	06/28/2017		6,500,000		6,423,203
89153VAD1	TOTAL CAPITAL INTERNATIONAL SA		0.75	01/25/2016		4,550,000		4,516,166
89233P4B9	TOYOTA MOTOR CREDIT CORP		3.20	06/17/2015		4,509,000		4,718,082
89233P6D3	TOYOTA MOTOR CREDIT CORP		1.75	05/22/2017		1,000,000		994,077
89233P6J0	TOYOTA MOTOR CREDIT CORP		0.88	07/17/2015		150,000		150,344
89233P7E0	TOYOTA MOTOR CREDIT CORP		1.38	01/10/2018		200,000		194,970
89236TAL9	TOYOTA MOTOR CREDIT CORP		0.80	05/17/2016		250,000		248,132
89378TAB9	TRANSNET LTD		4.50	02/10/2016		5,950,000		5,861,616
893830AS8	TRANSOCEAN LTD		6.00	03/15/2018		250,000		279,316
893830BA6	TRANSOCEAN INC		5.05	12/15/2016		250,000		272,150
896522AF6	TRINITY IND, INC.		3.88	06/01/2018		2,850,000		3,342,138
900212AE1	TURLOCK CORPORATION		0.95	11/02/2015		250,000		249,184
900212AG6	TURLOCK CORPORATION		1.50	11/02/2017		250,000		243,624

32

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
902133AF4	TYCO ELECTRONICS		6.55	10/01/2017		250,000		289,276
90345WAD6	US AIRWAYS P-T TR		4.63	09/20/2021		1,450,000		1,439,125
904764AP2	UNILEVER CAPITAL CORP		0.85	08/02/2017		6,275,000		6,060,833
907818CV8	UNION PACIFIC CORP		4.88	01/15/2015		250,000		265,106
911365AY0	UNITED RENTALS (N AMER), INC.		5.75	07/15/2017		145,000		151,888
913017BU2	UNITED TECH CORP		1.80	06/01/2017		15,175,000		15,192,951
91324PAL6	UNITEDHEALTH GROUP INCORPORATE		5.00	08/15/2014		450,000		471,372
91324PBY7	UNITEDHEALTH GROUP INCORPORATE		1.40	10/15/2017		2,725,000		2,667,076
91911TAF0	VALE OVERSEAS LTD		6.25	01/11/2016		600,000		659,514
91911XAS3	VALEANT PHARMACEUTICALS INTERN		7.25	07/15/2019		285,000		288,919
91913YAM2	VALERO ENERGY CORPORATION		6.13	06/15/2017		750,000		861,894
92343VAM6	VERIZON FLORIDA LLC		6.10	04/15/2018		400,000		467,973
92343VAY0	VERIZON FLORIDA LLC		3.00	04/01/2016		18,700,000		19,584,662
92343VBB9	VERIZON FLORIDA LLC		1.25	11/03/2014		250,000		251,689
92343VBD5	VERIZON FLORIDA LLC		2.00	11/01/2016		250,000		254,913
92343VBF0	VERIZON FLORIDA LLC		1.10	11/01/2017		250,000		241,834
92343VBH6	VERIZON FLORIDA LLC		0.70	11/02/2015		300,000		298,466
92344SAK6	CELLCO PARTNERSHIP/VERIZON WIR		8.50	11/15/2018		9,000,000		11,646,729
92553PAE2	VIACOM INC		4.38	09/15/2014		200,000		208,086
92553PAG7	VIACOM INC		3.50	04/01/2017		250,000		262,844
92857WAP5	VODAFONE GROUP PLC		5.63	02/27/2017		10,300,000		11,448,500
92857WBE9	VODAFONE GROUP PLC		1.50	02/19/2018		3,200,000		3,054,219
928670AJ7	VOLKSWAGEN INTERNATIONAL FIN N		1.63	03/22/2015		7,500,000		7,583,573
92931NAC4	WPP FINANCE (UK) CORP		8.00	09/15/2014		250,000		269,832
931142CX9	WAL-MART STORES INC		1.50	10/25/2015		13,750,000		13,988,992
931142DA8	WAL-MART STORES INC		1.63	04/15/2014		4,600,000		4,647,656
931142DE0	WAL-MART STORES INC		0.60	04/11/2016		5,400,000		5,343,259
931142DF7	WAL-MART STORES INC		1.13	04/11/2018		200,000		194,128
931422AJ8	WALGREEN CO		1.80	09/15/2017		250,000		246,314
94106LAX7	WASTE MANAGEMENT INC		2.60	09/01/2016		150,000		153,469
942683AG8	WATSON PHARMACEUTICALS INC.		1.88	10/01/2017		200,000		195,236
947074AJ9	WEATHERFORD INTL INC		6.35	06/15/2017		750,000		846,973
947075AD9	WEATHERFORD INTERNATIONAL LTD		6.00	03/15/2018		1,347,000		1,509,318
94770VAF9	WEBMD HEALTH CORP		2.50	01/31/2018		4,100,000		3,787,785
94770VAH5	WEBMD HEALTH CORP		2.25	03/31/2016		4,680,000		4,614,012
94973VAK3	WELLPOINT INC		5.25	01/15/2016		500,000		547,528
94973VBC0	WELLPOINT INC		1.88	01/15/2018		250,000		244,507
950840AC2	WESFARMERS LTD		1.87	03/20/2018		825,000		803,266
96950HAD2	WILLIAMS PRTNRS		7.25	02/01/2017		250,000		290,281
980888AC5	WOOLWORTHS LTD		2.55	09/22/2015		1,173,000		1,209,179
983024AJ9	WYETH		5.50	02/15/2016		1,000,000		1,116,324
98310WAH1	WYNDHAM WORLDWIDE CORP		2.95	02/01/2017		250,000		252,815
984121CF8	XEROX CORPORATION		2.95	03/15/2017		250,000		252,903
98417EAU4	XSTRATA FINANCE (CANADA) LTD		2.70	10/25/2017		8,705,000		8,387,874
98419MAA8	XYLEM INC/NY		3.55	09/20/2016		4,475,000		4,676,683
989194AG0	ZAYO GROUP LLC/ZAYO CAPITAL IN		8.13	07/01/2015		780,000		846,300
989194AH8	ZAYO GROUP LLC/ZAYO CAPITAL IN		10.13	07/01/2018		520,000		575,900
98978VAF0	ZOETIS INC		1.88	02/01/2018		2,550,000		2,503,260
BRS3H8370	REALOGY GROUP LLC		—	10/10/2013		111,664		110,268
BRS47V568	CENGAGE (THOMSON LEARNING) TL		—	07/03/2014		176,219		131,137
BRS5LHF93	ALTEGRITY INC		—	02/21/2015		425,000		420,219
BRS6ZY780	CENGAGE LEARNING ACQUISITIONS		—	07/03/2014		59,992		44,919
BRS748CX8	FEDERAL MOGUL TL B		—	12/29/2014		3,267,980		3,118,012
BRS748CY6	FEDERAL MOGUL CORP		—	12/28/2015		2,477,959		2,364,246
BRS75LWJ7	CLEAR CHANNEL COMMUN, INC.		—	01/29/2016		329,469		300,436
BRS7BLBP9	CLEAR CHANNEL COMMUN, INC.		—	01/29/2016		32,915		29,591
BRS9PGQM2	ARAMARK CORPORATION		—	07/26/2016		8,639		8,632
BRSADRQZ9	VODAFONE AMERICAS FINANCE 2 IN		—	08/11/2013		3,634,149		3,679,576

33

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
BRSAGFDE3	CHEMTURA CORPORATION		—	08/29/2016		671,474		673,576
BRSAUE236	DAVITA HEALTHCARE PARTNERS INC		—	10/20/2016		1,456,606		1,459,330
BRSAZTC86	COMMUNITY HLTH SYST INC		—	01/25/2017		1,227,697		1,227,562
BRSB41VP0	BRESNAN HLDG		—	12/14/2017		1,504,279		1,502,023
BRSB93KD0	CONVATEC INC		—	11/06/2013		1,333,326		1,337,993
BRSBBKBD9	UCI INTERNATIONAL TL B		—	07/26/2017		121,875		121,875
BRSBGXH81	DEL MONTE FOODS CO		—	03/08/2018		1,371,795		1,365,513
BRSBH7HM6	AVAYA INC.		—	10/26/2017		904,865		791,142
BRSBHFX32	AXCAN INTER HLDG		—	02/10/2017		2,304,833		2,301,952
BRSBHYHF2	WALTER ENERGY INC		—	04/02/2018		1,300,569		1,265,883
BRSBJ24Q0	WALTER ENERGY INC		—	04/01/2016		304,798		296,416
BRSBK2348	GYMBOREE CORP		—	02/23/2018		213,981		205,645
BRSBLUS55	US TELEPACI		—	02/23/2017		1,801,147		1,791,691
BRSBLUUU7	MICHAEL FOODS, INC.		—	02/23/2018		360,661		362,464
BRSBMSAB5	NEXEO SOLUTIONS LLC		—	09/08/2017		1,662,204		1,635,708
BRSBNJXW3	UNIVR INC		—	06/30/2017		648,710		632,401
BRSBPT1D6	GENTEK HOLDING LLC		—	10/06/2015		507,904		509,174
BRSBQ1JW5	CALPINE CORP		—	04/01/2018		1,748,320		1,743,949
BRSBQ2FQ0	ARMORED AUTOGROUP INC		—	11/07/2016		169,565		168,258
BRSBQNA63	NXP BV AND NXP FUNDING LLC		—	03/04/2015		347,335		352,024
BRSBQPW49	UNIVERSAL HEALTH SERVICES INC		—	11/15/2016		147,024		146,950
BRSBR2E98	JMC STEEL GROUP		—	04/01/2017		761,273		761,273
BRSBR4P35	JO-ANN STORES		—	03/16/2018		920,492		915,604
BRSBRMCQ8	WARNER CHILCOTT CORP		—	03/15/2018		533,673		533,198
BRSBRMD53	WARNER CHILCOTT CORP		—	03/15/2018		71,769		71,705
BRSBRMD95	WARNER CHILCOTT CORP		—	03/15/2018		420,544		420,170
BRSBT2DD8	FIRST DATA CORP		—	03/23/2018		3,661,168		3,565,062
BRSBW6C87	AMERISTAR CASINOS, INC.		—	04/14/2018		531,572		531,423
BRSBWG6S8	DELTA AIR LINES INC		—	08/19/2013		982,740		985,502
BRSBXNF03	AMER ROCK SLT CO		—	04/25/2017		457,137		455,194
BRSBYALT0	EMERGENCY MEDICAL SVCS CORP		—	05/25/2018		937,365		933,343
BRSBZZDX4	GOLDEN LIVING		—	05/04/2018		227,234		217,861
BRSC103Q2	KAR AUCTION SERVICES INC		—	11/29/2013		1,221,017		1,228,636
BRSC3G4F8	NEIMAN MARCUS GROUP INC. THE		—	05/16/2018		1,515,000		1,508,849
BRSC5JRR9	TOYS R US DELAWR		—	05/25/2018		363,518		348,977
BRSC6D3K2	QUINTILES TRANSNATIONAL CORP.		—	06/08/2018		1,373,232		1,370,486
BRSC7W2L8	AWAS AVIATION SERVICES INC		—	06/10/2016		732,168		731,618
BRSC8ZGD3	SRM		—	04/10/2020		543,522		537,407
BRSC96U16	LAUREATE EDUCATION INC		—	06/15/2018		1,645,410		1,632,049
BRSCDGPL1	INVENTIV HEALTH INC		—	08/04/2016		484,898		475,200
BRSCF42A5	INVENTIV HEALTH INC		—	05/15/2018		711,463		697,233
BRSCG97X8	SURGICAL CARE AFFILIATES INC		—	06/29/2018		760,000		759,050
BRSCH2HF0	AUTOPARTS HOLDINGS LTD		—	07/28/2017		1,229,716		1,215,119
BRSCHUN87	SUNCOKE ENERGY INC		—	07/26/2018		159,653		159,253
BRSD853C3	BOYD GAMING CORP		—	12/17/2015		980,500		981,726
BRSDKUDY5	SIX FLAGS THEME PARKS INC		—	12/11/2013		484,400		486,042
BRSDLMQR3	CAPITAL SAFETY GROUP LTD		—	01/21/2019		1,382,553		1,381,695
BRSDWEX75	GRIFOLS INC		—	06/01/2017		931,397		934,461
BRSDWXL27	TRONOX INC		—	03/19/2020		1,404,236		1,408,701
BRSDYJ7G1	HAWAIIAN TELCOM COMMUNICATIONS		—	02/28/2017		1,000,277		997,776
BRSDYRD76	EMI MUSIC PUBLISHING LTD		—	06/29/2018		1,200,935		1,200,563
BRSDZCRW8	SIEMENS FINANCIERINGSMAATSCHAP		1.65	08/16/2019		3,500,000		3,633,350
BRSE63UD6	CAESARS ENTERTAINMENT INC		—	01/26/2018		260,000		229,450
BRSE7U0Q9	COMMSCOPE INC.		—	09/08/2013		893,777		894,153
BRSE9A2P1	YANKEE CANDLE CO INC		—	04/02/2019		733,103		732,466
BRSE9C0N4	PROTECTION ONE, INC.		—	03/21/2019		913,442		912,684
BRSEE9HS6	ASCEND PERFORMANCE MATERIALS L		—	04/10/2018		1,783,432		1,775,639
BRSEEQB47	TOYS R US DELAWR		—	05/25/2018		155,391		149,047

34

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
BRSEF3LW4	GOODYEAR TIRE & RUBBER CO		—	04/30/2019		1,930,000		1,933,107
BRSEF7SN8	SPIRIT AROSYSTMS		—	04/18/2019		464,125		467,221
BRSEFJZU8	HD SUPPLY		—	10/12/2017		3,749,032		3,738,872
BRSEGUX00	99 CENTS ONLY STORES		—	01/11/2019		742,705		740,151
BRSEH00P6	TELESAT CANADA		—	03/28/2017		1,535,625		1,448,360
BRSEH0S92	CATALINA MARKETING CORPORATION		—	04/06/2014		1,087,807		1,091,886
BRSEHTXV4	FREEDOM GROUP INC		—	04/19/2019		318,990		318,393
BRSEKNUF1	INEOS US FINANCE LLC		—	05/04/2018		870,679		851,907
BRSELNYG4	INEOS US FINANCE LLC		—	04/27/2014		181,966		182,012
BRSEN9666	WABASH NATIONAL CORPORATION		—	04/30/2019		503,916		501,397
BRSEQCJ21	HARRAHS LAS VEGAS PROPCO LLC		—	02/13/2014		6,245,000		5,763,635
BRSERR4P2	HARBOR FREIGHT TOOLS USA INC T		—	11/14/2017		704,675		707,571
BRSES4VS6	BURLINGTON COAT FACTORY WAREHO		—	02/23/2017		444,201		443,534
BRSEW6RB8	GENERAC POWER SYSTEMS INC		—	05/31/2020		1,595,000		1,581,044
BRSEYJV56	THERMASYS CORP		—	05/03/2019		770,000		767,690
BRSEZ4VS8	ZAYO GROUP LLC		—	07/02/2019		1,493,466		1,490,972
BRSF21G05	WOLVERINE WORLD WIDE, INC.		—	10/09/2019		670,186		672,484
BRSF2MUR4	AWAS AVIATION CAPITAL LTD		—	05/05/2014		82,120		82,598
BRSF33TK2	US RENAL CARE INC		—	07/03/2013		1,004,850		1,009,874
BRSF6FJZ0	CERIDIAN CORP		—	07/10/2013		1,978,902		1,981,989
BRSF89UY2	HOLOGIC INC.		—	08/01/2013		2,182,438		2,186,388
BRSF8LRV5	INTELLIGRATED INC		—	07/30/2018		696,500		693,888
BRSFATQG9	BOOZ ALLEN HAMILTON HOLDING CO		—	07/31/2019		1,597,925		1,594,937
BRSFBH0G2	BIOMET INC		—	07/25/2017		1,257,193		1,249,864
BRSFD9QU9	LEVEL 3 COMMUNICATIONS INC		—	08/01/2013		1,334,913		1,337,916
BRSFD9W24	LEVEL 3 COMMUNICATIONS INC		—	08/01/2013		895,000		895,000
BRSFDBBL0	PILOT TRAVEL CENTERS LLC		—	08/07/2019		749,338		737,633
BRSFDC881	AMERICAN CAP STRAT LTD.		—	08/22/2013		1,080,000		1,081,804
BRSFEPVD4	DAVITA HEALTHCARE PARTNERS INC		—	11/01/2019		1,342,415		1,341,931
BRSFFNE54	NAVISTAR INTERNATIONAL CORPORA		—	08/17/2014		420,542		420,542
BRSFGD3F5	GENPACT LTD		—	08/30/2019		2,119,350		2,114,052
BRSFJDVV6	CAPSUGEL HEALTHCARE LTD		—	08/06/2013		1,436,210		1,439,801
BRSFKYGX1	WARNER CHILCOTT CORP		—	03/15/2018		232,321		232,114
BRSFP5V79	CNO FINANCIAL GROUP INC		—	09/28/2018		1,066,278		1,058,953
BRSFP6TT2	CPG INTERNATIONAL INC		—	09/21/2013		1,751,763		1,753,514
BRSFPRNH8	GETTY IMAGES INC.		—	10/18/2019		500,818		494,347
BRSFPTRK3	SAMSON RESOURCES CORP		—	09/25/2018		600,000		597,750
BRSFQ6PR9	FOXCO ACQSTN SUB		—	09/12/2013		971,521		979,420
BRSFRQMG1	REYNOLDS GROUP HOLDINGS INC		—	09/28/2013		2,101,955		2,105,024
BRSFS71H3	BJS WHOLESALE CLUB, INC.		—	09/06/2015		510,000		518,925
BRSFTR0V8	INFOR US INC		—	09/27/2013		2,538,495		2,541,135
BRSFV16D6	ADVANCE PIERRE FOODS		—	10/10/2013		1,506,225		1,510,307
BRSFVFMJ4	INTELSAT JACKSON		—	04/02/2018		2,996,719		2,996,719
BRSFVG4M5	LEVEL 3 COMMUNICATIONS INC		—	08/01/2019		2,570,000		2,567,584
BRSFWACE6	LEAP WIRELESS INTL INC		—	10/10/2019		751,225		743,089
BRSFWQSC8	TRANSTAR HOLDING COMPANY		—	10/09/2013		1,012,350		1,016,146
BRSFX7D35	CDR DB SUB INC		—	10/11/2019		1,958,928		1,957,714
BRSFXK170	FMG RESOURCES (AUGUST 2006) PT		—	10/18/2017		2,194,705		2,179,957
BRSFXMS69	LESLIES POOLMART, INC.		—	10/16/2013		1,809,124		1,812,145
BRSFXW3C1	PROGRESSIVE WASTE SOLUTIONS LT		—	10/25/2013		890,525		891,638
BRSFXZ4E9	VANTAGE DRILLING CO		—	10/25/2017		1,136,069		1,130,388
BRSFYE413	EVERGREEN ACQCO 1 LP		—	07/10/2013		1,613,731		1,615,070
BRSFYGWB5	TRUVEN HEALTH ANALYTICS INC		—	06/06/2019		886,067		882,195
BRSFZ15K7	GCA SERVICES GROUP INC		—	11/01/2013		846,077		850,730
BRSFZCHP9	GRAY TELEVISION INC.		—	10/12/2013		933,586		937,087
BRSFZGGS5	GARDA WORLD SEC		—	11/14/2013		467,650		470,376
BRSG1G1D9	WILSONART LLC		—	10/31/2019		1,855,675		1,838,659
BRSG1GA15	SPECTRUM BRANDS HOLDINGS INC		—	12/18/2013		1,972,385		1,975,344

35

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
BRSG2YW45	INSIGHT GLOBAL INC		—	10/31/2013		810,925		810,925
BRSG65QL3	CHESAPEAKE ENERGY CORP		—	11/10/2015		2,110,000		2,135,932
BRSG7ST70	CHG HEALTHCARE SERVICES INC		—	11/19/2013		837,039		838,345
BRSG82NP2	CONSOLIDATED COMMUNICATIONS IN		—	12/05/2013		1,850,700		1,860,879
BRSG8LKZ1	ACADEMY SPORTS & OUTDOORS INC		—	11/06/2013		2,306,802		2,311,854
BRSG8SYA6	BASS PRO GROUP LLC		—	11/20/2019		1,255,926		1,253,465
BRSG8THL9	SEALED AIR CORP		—	11/15/2013		786,000		791,408
BRSG8U0V2	WESCO DISTRIBUTION INC		—	12/12/2013		1,024,850		1,025,496
BRSG8UAX7	FLEETPRIDE INC		—	11/19/2019		746,250		723,863
BRSG9SY49	ARDENT MEDICAL		—	01/02/2014		552,225		555,334
BRSGAECB6	NEWPAGE CORP		—	12/22/2015		748,120		757,098
BRSGAL5R3	BLACKBOARD INC		—	11/14/2013		370,282		373,293
BRSGASEE7	WEB.COM GROUP INC		—	11/21/2013		481,093		483,898
BRSGCQN17	SEQUA CORP		—	12/19/2013		2,389,062		2,391,045
BRSGEARA6	PVH CORP		—	02/13/2020		1,067,325		1,064,326
BRSGEC9C8	PATHEON		—	12/14/2013		532,325		534,987
BRSGF9UP1	SUNGARD DATA SYST INC.		—	12/18/2013		547,250		548,279
BRSGFA782	RIVERBED TECHNOLOGY INC		—	12/19/2013		1,196,051		1,197,546
BRSGGZLV9	MGM RESORTS INTERNATIONAL		—	12/20/2019		1,098,652		1,090,412
BRSGV88K1	MEDASSETS INC		—	12/13/2019		422,067		420,484
BRSGVPQQ0	REDPRAIRIE CORP		—	12/14/2013		696,500		698,534
BRSGWBFK5	MIRROR BIDCO CORP		—	12/28/2019		1,169,125		1,167,664
BRSGWY6Y5	CCC INFORMATION SERVICES GROUP		—	12/20/2019		442,775		438,715
BRSGYQEJ4	ALCATEL-LUCENT USA INC		—	01/30/2015		2,184,025		2,201,322
BRSGZU497	AVAYA INC.		—	03/31/2018		461,504		431,797
BRSGZV4B0	CUMULUS MED INC.		—	09/17/2018		1,341,886		1,341,323
BRSH21DB0	NEP/NCP HOLDCO INC		—	12/24/2015		274,286		280,457
BRSH3M7X2	FLASH DUTCH 2 BV AND US COATIN		—	02/03/2020		2,164,575		2,162,692
BRSH4GA51	AMERIFORGE GROUP INC		—	12/19/2019		776,100		771,249
BRSH4GDD1	AMERIFORGE GROUP INC		—	01/25/2016		390,000		392,925
BRSH4X0F3	DIGITALGLOBE INC		—	01/31/2020		1,067,325		1,062,992
BRSH4XBW4	ALCATEL-LUCENT USA INC		—	01/30/2014		850,000		856,511
BRSH583G2	TESORO CORP		—	01/28/2016		1,130,000		1,128,588
BRSH5BNL2	MICHAELS STORES INC		—	01/28/2020		1,605,000		1,598,644
BRSH62EH0	BRIGHT HORIZONS FAMILY SOLUTIO		—	01/31/2014		1,353,200		1,356,245
BRSH62SH5	APEX TOOL GROUP LLC		—	01/31/2020		1,002,488		1,001,485
BRSH9LJ56	CROSSMARK HOLDINGS INC		—	12/20/2019		487,550		485,517
BRSH9LVD5	SYNIVERSE HLDGS		—	04/23/2019		935,000		930,325
BRSH9VWL4	UNIFRAX I LLC		—	11/28/2018		457,700		456,364
BRSHA8HD8	VWR FUNDING INC		—	04/03/2017		572,125		569,264
BRSHAG9G2	SILVER II BORROWER SCA		—	12/13/2019		1,680,079		1,665,025
BRSHAH1M5	PHARMACEUTICAL PRODUCT DEV, IN		—	12/05/2018		2,083,620		2,082,495
BRSHB1YS0	RITE AID CORP		—	02/21/2020		693,263		690,087
BRSHB2956	RITE AID CORP		—	02/22/2016		520,000		526,500
BRSHB29T4	ADS WASTE ESCROW		—	10/09/2019		2,466,677		2,456,194
BRSHB7HU1	INTERACTIVE DATA CORP		—	02/11/2018		1,777,627		1,766,517
BRSHBDMR9	FREESCALE SEMICONDUCTOR INC		—	03/01/2020		1,720,688		1,705,322
BRSHBEH02	ARRIS GROUP INC.		—	04/17/2020		314,213		310,810
BRSHBRX70	J CREW GROUP INC		—	03/07/2018		306,869		305,015
BRSHBW711	TERVITA CORP		—	05/15/2018		377,678		375,412
BRSHC6N35	BAKERCORP INTERNATIONAL INC		—	02/07/2020		673,322		668,272
BRSHC7CJ0	IMS HEALTH INCORPORATED		—	09/01/2017		2,255,940		2,253,120
BRSHC8K00	VIRGIN MEDIA INV		—	02/14/2020		1,240,000		1,225,194
BRSHCC201	SOPHIA LP		—	07/29/2013		1,090,616		1,091,979
BRSHCGRY1	SABRE INC		—	02/20/2014		651,725		655,114
BRSHCK7Y4	WEST CORP		—	06/30/2018		1,429,157		1,423,798
BRSHCL6M9	PARTY CITY HOLDINGS INC		—	07/27/2019		2,635,590		2,613,082
BRSHD4UZ0	PHARMACEUTICAL RSRCE INC		—	09/28/2019		2,780,536		2,758,986

36

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
BRSHD5L53	PETCO ANIMAL SUPPLIES, INC.		—	11/24/2017		1,504,589		1,501,775
BRSHDAGH2	SERVICEMASTER CO		—	01/31/2017		1,930,300		1,904,569
BRSHDDGD5	UNIVISION COMMUN INC.		—	03/01/2020		1,751,760		1,733,805
BRSHDUM16	AMERICAN RENAL HOLDINGS INC		—	08/20/2019		1,231,913		1,218,830
BRSHDW2Q9	INTEGRA TELECO		—	02/21/2016		510,000		521,475
BRSHE8JF7	KABEL DEUTSCHLAND VERTRIEB UND		—	02/01/2019		135,000		134,448
BRSHE90B4	ARAMARK CORPORATION		—	09/09/2019		2,845,000		2,834,331
BRSHE9156	TRANSDIGM INC		—	02/28/2020		378,100		372,697
BRSHE9J24	BJS WHOLESALE CLUB, INC.		—	09/26/2019		845,755		841,264
BRSHEMWF1	MEG ENERGY CORP		—	03/31/2020		750,206		748,143
BRSHFDW29	ALLIANCE LAUNDRY SYST LLC		—	08/12/2013		442,025		442,578
BRSHFX0T1	NEP/NCP HOLDCO INC		—	01/03/2014		1,373,100		1,378,826
BRSHGA5W8	IMMUCOR, INC.		—	08/21/2013		2,178,129		2,181,941
BRSHGQ826	STATION CASINOS LLC		—	03/02/2020		2,758,088		2,754,640
BRSHH3U39	IASIS HELTHCARE CORP		—	05/03/2018		470,578		468,696
BRSHH6H11	VALEANT PHARMACEUTICALS INTERN		—	12/11/2019		1,268,625		1,258,324
BRSHH6K90	VALEANT PHARMACEUTICALS INTERN		—	02/13/2019		1,365,746		1,355,503
BRSHJ8GU2	SUNGARD DATA SYST INC.		—	03/06/2020		374,063		373,408
BRSHKFUT1	TOTAL SAFETY US INC		—	08/13/2013		513,713		514,355
BRSHKFUZ7	TOTAL SAFETY US INC		—	09/13/2015		324,188		327,429
BRSHKR2U3	NIELSEN FINANCE LLC/NIELSON FI		—	08/28/2013		1,344,389		1,346,070
BRSHLFNZ4	ARMSTRONG WORLD INDUSTRIES INC		—	03/05/2020		558,600		557,801
BRSHLJUD7	AI CHEM & CY SCA		—	10/04/2019		483,918		480,894
BRSHM2RV7	NOVELIS INC/GA		—	03/05/2014		2,006,433		2,008,319
BRSHMA6X8	SALEM COMMUNS CORP		—	02/27/2014		804,133		810,164
BRSHN4W46	RUBY WESTERN PIPELINE HOLDINGS		—	03/27/2020		895,000		890,525
BRSHNCDP2	SCHAEFFLER AG		—	09/18/2013		110,000		110,028
BRSHNYK50	PHILADELPHIA ENERGY SOLUTIONS		—	04/04/2018		1,192,013		1,183,072
BRSHP7WD7	VNGD HLTH HLD II		—	01/29/2016		582,884		581,794
BRSHQLXD4	SIRVA WORLDWIDE		—	03/19/2019		857,850		840,693
BRSHRVRB2	ROC FINANCE LLC		—	03/27/2019		510,000		509,148
BRSHSQ674	NBTY INC		—	09/29/2017		299,439		298,831
BRSHSQTZ7	FENDER MUSICAL INSTRUMENTS COR		—	04/04/2014		205,000		205,000
BRSHT6NF0	REDDY ICE		—	03/25/2014		1,316,700		1,318,346
BRSHTMBM3	WEIGHT WATCHERS INTL INC		—	04/02/2020		1,300,000		1,290,575
BRSHTPNN1	HEINZ H. J. COMPANY		—	03/27/2020		3,380,000		3,376,147
BRSHU3AD4	DONCASTERS FINANCE US LLC		—	04/09/2020		426,431		425,365
BRSHU5PD3	AMERICAN BUILDERS & CONTRACTOR		—	04/16/2020		2,255,000		2,236,396
BRSHU85V9	PANDA TEMPLE POWER II LLC		—	04/03/2019		720,000		723,600
BRSHUKHH0	BERLIN PACKAGING LLC		—	10/03/2013		290,000		290,000
BRSHUVL24	WIDEOPENWEST FINANCE LLC		—	04/01/2014		831,616		832,655
BRSHV5U04	LTS BUYER LLC		—	04/13/2020		1,250,000		1,239,850
BRSHV7WA6	CHARTER COM OPER		—	03/31/2020		1,000,000		986,720
BRSHVP672	OSI RESTAURANT PARTNERS INC		—	10/28/2019		680,000		677,198
BRSHXEJA4	AFFINIA GROUP		—	04/25/2020		735,000		732,244
BRSHY1MJ8	LIVINGSTON INTERNATIONAL INC		—	04/18/2019		630,000		626,850
BRSHY1NH1	LIVINGSTON INTERNATIONAL INC		—	04/09/2015		290,000		292,538
BRSHYMGK6	SPROUTS FARMERS MARKETS HOLDIN		—	04/26/2020		700,000		698,250
BRSHZJ1V4	EMDEON INC		—	11/02/2018		1,528,822		1,518,120
BRSJ0MJU4	PINACLE FOOD FIN		—	04/29/2020		1,496,250		1,485,028
BRSJ13HK9	CDW CORPORATION		—	04/29/2020		997,500		983,166
BRSJ16FK4	FIRST DATA CORP		—	09/24/2018		1,555,000		1,514,181
BRSJ25YE8	DOLE FOOD CO INC.		—	04/01/2020		1,406,475		1,397,938
BRSJ3F663	EQUINOX HOLD		—	01/31/2020		937,650		935,306
BRSJ3RZP3	CATALENT PHARMA SOLUTIONS INC		—	12/31/2017		325,000		322,361
BRSJ4CG27	LA FRONTERA GENERATION LLC		—	09/30/2020		2,195,000		2,174,433
BRSJ4DDY8	REXNORD CORP		—	04/01/2018		782,766		781,592
BRSJ4FFC9	HCE-THE HEALTHCARE COMPANY		—	05/01/2018		490,000		487,472

37

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
BRSJ51M64	WMG ACQUISITION CORP		—	07/01/2020		701,341		691,993
BRSJ5QLB9	BAUSCH & LOMB INCORPORATED		—	05/18/2019		3,286,862		3,280,026
BRSJ67GT7	WENDYS INTERNATIONAL INC.		—	05/15/2019		800,619		797,049
BRSJ6G9A6	COINMACH SERVICE CORP		—	11/14/2019		1,605,000		1,595,980
BRSJ6GHT6	GIM CHANNELVIEW COGENERATION L		—	05/02/2014		610,000		611,019
BRSJ6JQ29	LEARNING CARE GROUP US NO 2 IN		—	05/02/2019		445,000		441,943
BRSJ6JRK8	COMPUCOM SYST INC		—	05/09/2020		325,000		319,313
BRSJ6XDV8	ON ASSIGNMENT, INC.		—	05/15/2020		528,799		527,916
BRSJ76A64	HCE-THE HEALTHCARE COMPANY		—	03/31/2017		760,000		755,729
BRSJ76ZK6	PERFORMANCE FOOD GRP CO		—	11/14/2019		1,485,000		1,470,150
BRSJ835L3	WMG ACQUISITION CORP		—	05/07/2020		108,659		107,210
BRSJ84N07	KASIMA LLC		—	05/08/2021		905,000		900,475
BRSJ883L4	WMG ACQUISITION CORP		—	07/01/2020		840,000		833,700
BRSJ8GU02	TEINE ENERGY LTD		—	05/17/2019		264,338		261,033
BRSJ8J5P9	US AIRWAYS INC		—	05/23/2019		945,000		932,791
BRSJ8JHT8	PACT GROUP (USA) INC		—	05/29/2020		1,900,000		1,885,750
BRSJ8WDB2	MURRAY ENERGY CORP		—	05/24/2019		395,000		391,544
BRSJ9AL38	ALPHA NATURAL RESOURCES INC		—	05/22/2020		610,000		592,463
BRSJA7UJ8	ATLANTIC AVIATION FBO INC		—	05/14/2020		380,000		379,168
BRSJA8RE1	PACIFIC DRILLING SA		—	05/14/2018		1,130,000		1,124,633
BRSJAP2H3	JC PENNEY CORPORATION INC		—	05/15/2015		2,025,000		2,026,438
BRSJARDR5	SUPERVALU INC.		—	03/21/2019		1,051,529		1,043,495
BRSJB0KT1	STONERIVER GROUP LP		—	11/15/2019		925,000		916,518
BRSJB0UU7	STONERIVER GROUP LP		—	05/15/2020		460,000		456,550
BRSJB2LV1	WNA HOLDINGS INC		—	05/16/2020		560,000		555,100
BRSJBKD99	EP ENERGY LLC/EVEREST ACQUISIT		—	05/24/2018		2,880,000		2,851,200
BRSJBU1C3	PRIMEDIA INC.		—	05/20/2020		965,000		949,927
BRSJBU2A6	ARYSTA LIFESCIENCE CORP		—	05/29/2020		2,120,000		2,097,486
BRSJBU2G3	ARYSTA LIFESCIENCE CORP		—	11/20/2020		680,000		668,100
BRSJBUF61	CLEAR CHANNEL COMMUN, INC.		—	01/22/2019		2,048,288		1,862,795
BRSJE1241	OXEA FINANCE & CY SCA		—	07/15/2020		915,000		910,425
BRSJEKH76	US FOODS INC		—	03/31/2019		475,000		469,300
BRSJF4LM3	OXEA FINANCE & CY SCA		—	11/30/2019		1,280,000		1,269,197
BRSJFH1J3	ADVANSTAR COMMUN INC.		—	05/30/2020		530,000		523,375
BRSJFJJX9	MACDERMID INCORPORATED		—	06/30/2020		810,000		804,265
BRSJFJQ60	MACDERMID INCORPORATED		—	05/30/2016		200,000		201,750
BRSJH5AL2	SS&C TECHNOLOGIES INC		—	06/07/2019		1,288,371		1,281,929
BRSJHH680	ONEX CARESTREAM FINANCE LP		—	06/04/2019		875,000		863,923
BRSJHYSN6	QUICKSILVER RESOURCES INC		—	06/05/2019		445,000		431,650
BRSJKFHA3	INTEGRA TELECO		—	06/05/2014		967,575		969,188
BRSJKFTS1	TWCC HOLDING CORP		—	06/26/2015		960,000		964,800
BRSJKZTA6	SS&C TECHNOLOGIES HOLDINGS EUR		—	06/07/2019		133,280		132,613
BRSJL0SE5	CTI FOODS HOLDING CO LLC		—	06/15/2020		565,000		560,763
BRSJLDWX0	TRAVELPORT		—	06/21/2019		650,000		641,875
BRSJLE1E4	HGIM CORP		—	06/12/2014		910,000		910,000
BRSJLW666	HGIM CORP		—	06/13/2018		530,000		530,000
BRSJM8HW9	MERLIN ENTERTAINMENTS SARL		—	07/14/2019		1,095,000		1,092,263
BRSJMTFF2	AMERICAN PETROLEUM TANKERS PAR		—	06/10/2020		1,240,000		1,230,700
BRSJN7T23	WEBSENSE, INC.		—	06/06/2020		530,000		528,346
BRSJNKBC1	FOUR SEASONS HOLDINGS INC		—	06/19/2015		675,000		680,063
BRSJR0BB3	VALEANT PHARMACEUTICALS INTERN		—	06/26/2020		1,695,000		1,689,068
G6740DAD8	OFFSHORE GROUP INVESTMENT LTD/		—	03/28/2019		174,563		174,999
G90039AD3	TRANSCAPITAL BV		8.70	08/07/2018		700,000		825,811
L0001UAC3	AI CHEM & CY US ACQUICO INC		—	09/29/2019		251,082		249,513
L5582BAB3	ION TRADING TECHNOLOGIES SARL		—	05/22/2020		855,000		849,297
L9057MAA9	TNK-BP FINANCE SA		7.50	07/18/2016		2,750,000		3,053,792
N2109EAE0	CLONDALKIN ACQUISITION		—	05/31/2020		675,000		673,313
N5945LAG0	NXP BV AND NXP FUNDING LLC		—	12/11/2013		741,275		750,311

38

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
U3000JAD1	EVERTEC LLC/EVERTEC FINANCE CO		—	04/04/2020		585,000		581,783
						1,072,647,582		1,089,903,607
Corporate Debt Securities - Utilities
010392FH6	ALABAMA POWER COMPANY		0.55	10/15/2015		78,000		77,397
025537AF8	AMERICAN ELECTRIC POWER COMPAN		1.65	12/15/2017		3,000,000		2,928,018
03040WAB1	AMERICAN WATER CAP CORP		6.09	10/15/2017		150,000		173,265
037735CQ8	APPALACHIAN POWER CO		3.40	05/24/2015		725,000		754,244
131347BP0	CALPINE CORP		7.25	10/15/2015		283,000		294,320
196522AK2	COLORADO INTERSTATE GAS CO LLC		6.80	11/15/2015		150,000		170,184
256882AD3	DPL INC		7.25	07/15/2021		5,000,000		5,100,000
25746UBJ7	DOMINION RESOURCES INC		2.25	09/01/2015		250,000		256,453
25746UBR9	DOMINION RESOURCES INC		1.40	09/15/2017		4,945,000		4,832,033
264399EQ5	DUKE ENERGY CORP		6.30	02/01/2014		4,000,000		4,129,520
26441CAE5	DUKE ENERGY CORP		3.35	04/01/2015		500,000		520,401
26441CAG0	DUKE ENERGY CORP		2.15	11/15/2016		300,000		304,954
26441CAH8	DUKE ENERGY CORP		1.63	08/15/2017		250,000		245,639
26441CAK1	DUKE ENERGY CORP		2.10	06/15/2018		4,000,000		3,955,587
26817RAA6	DYNEGY INC		5.88	06/01/2023		435,000		398,025
26875PAF8	EOG RESOURCES INC		2.95	06/01/2015		4,500,000		4,682,611
281020AF4	EDISON INTERNATIONAL INC		3.75	09/15/2017		250,000		264,771
283695BP8	EL PASO NATURAL GAS COMPANY		5.95	04/15/2017		150,000		169,062
29269QAA5	ENERGY FUTURE INTERMEDIATE HOL		10.00	12/01/2015		2,650,000		2,915,000
29364GAG8	ENTERGY CORP		4.70	12/15/2016		250,000		267,088
29379VAS2	ENTERPRISE PROD OPER LP		3.20	02/01/2016		300,000		314,086
30161MAE3	EXELON GENERATION CO LLC		6.20	10/01/2017		300,000		341,639
302570AX4	FPL GROUP CAPITAL INC		6.65	06/15/2017		200,000		212,000
302570AY2	NEXTERA ENERGY CAPITAL HOLDING		7.30	09/01/2017		100,000		110,000
337932AE7	FIRSTENERGY CORPORATION		2.75	03/15/2018		225,000		218,029
340711AQ3	FL GAS TSMN CO		7.90	05/15/2019		3,400,000		4,204,269
373334JY8	GEORGIA POWER COMPANY		0.75	08/10/2015		300,000		299,426
373334JZ5	GEORGIA POWER COMPANY		0.63	11/15/2015		300,000		297,426
494550AU0	KINDER MORGAN ENERGY PARTNERS		6.00	02/01/2017		250,000		282,848
50064YAB9	KOREA HYDRO & NUCLEAR POWER CO		3.13	09/16/2015		3,100,000		3,182,808
595620AG0	MIDAMERICAN ENERGY CO		5.95	07/15/2017		200,000		230,769
636274AC6	NATIONAL GRID PLC		6.30	08/01/2016		150,000		169,699
65339KAF7	NEXTERA ENERGY CAPITAL HOLDING		1.20	06/01/2015		167,000		167,658
65473QAL7	NISOURCE FINANCE CORP		5.40	07/15/2014		77,000		80,417
65473QAS2	NISOURCE FINANCE CORP		6.40	03/15/2018		150,000		174,230
693304AL1	PECO ENERGY CO		5.35	03/01/2018		200,000		226,192
69353UAB7	PPL WEM HOLDINGS PLC		3.90	05/01/2016		3,575,000		3,696,666
743263AL9	PROGRESS ENERGY INC		5.63	01/15/2016		250,000		275,961
74456QAW6	PUBLIC SERVICE ELECTRIC AND GA		2.70	05/01/2015		825,000		853,593
81013TAB7	SCOTTISH POWER PLC		5.38	03/15/2015		250,000		264,323
816851AS8	SEMPRA ENERGY		2.30	04/01/2017		300,000		304,664
84755TAA5	SPECTRA ENERGY CAPITAL LLC		6.20	04/15/2018		200,000		233,013
893526DH3	TRANS-CANADA PIPELINES		3.40	06/01/2015		500,000		523,290
893526DL4	TRANS-CANADA PIPELINES		0.88	03/02/2015		7,000,000		7,003,837
89354FAE1	TRANSCAPITAL BV		8.70	08/07/2018		1,700,000		2,001,750
927804FM1	VIRGINIA ELECTRIC AND POWER CO		1.20	01/15/2018		150,000		145,976
976656CA4	WISCONSIN ELECTRIC POWER COMPA		6.00	04/01/2014		4,500,000		4,676,715
976656CF3	WISCONSIN ELECTRIC POWER COMPA		1.70	06/15/2018		150,000		147,967
98389BAK6	XCEL ENERGY INC		5.61	04/01/2017		200,000		224,292
BRSCAHX41	CALPINE CORP		—	04/02/2018		987,406		984,937
BRSJ0RC63	DYNEGY INC		—	04/23/2020		930,000		922,448
BRSJ6T4S4	POWER BUYER LLC		—	05/06/2020		391,111		386,222
BRSJ6T8E1	POWER BUYER LLC		—	11/03/2020		215,000		211,238
BRSJ9HMB4	POWERTEAM SERVICES LLC		—	05/06/2020		48,889		48,278
BRSJH5B15	STAR WEST GENERATION LLC		—	03/13/2014		827,925		828,960

39

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
						64,285,331		66,684,201
Asset Backed Securities - Credit Cards
14041NDX6	CAPITAL ONE MULTI-ASSET EXECUT		5.75	09/15/2017		1,350,000		1,582,727
161571FJ8	CHASE ISSUANCE TRUST CHAIT_12-		0.79	06/15/2015		1,300,000		1,300,989
161571FQ2	CHASE ISSUANCE TRUST CHAIT_12-		2.16	09/15/2022		500,000		470,394
17305ECJ2	CCCIT_13-A1		4.85	03/10/2015		2,000,000		2,136,533
17305ECX1	CCCIT_13-A1		5.10	11/20/2015		3,000,000		3,305,659
17305EDE2	CITIBANK CREDIT CARD ISSUANCE		5.30	03/15/2016		2,000,000		2,236,390
17305EDT9	CCCIT_13-A1		6.15	06/15/2037		550,000		658,933
17305EDY8	CCCIT_13-A1		5.65	09/20/2017		3,000,000		3,501,799
17305EEE1	CITIBANK CREDIT CARD ISSUANCE		5.35	02/07/2018		436,000		506,744
254683AC9	DCENT_07-A1		5.65	09/15/2017		1,500,000		1,753,566
36159JDE8	GE CAPITAL CREDIT CARD MASTER		0.95	06/15/2015		275,000		275,430
36159JDH1	GEMNT_12-6		1.36	08/15/2017		900,000		893,030
70659PAD3	PENARTH MASTER ISSUER PENAR_12		0.76	03/18/2014		6,000,000		6,011,587
						22,811,000		24,633,780
Asset Backed Securities - Auto
02005ACC0	AMOT 2013-2		1.44	02/16/2015		4,300,000		4,331,433
02006EAC3	ALLY AUTO RECEIVABLES TRUST AL		0.59	12/30/2014		605,000		601,337
13975EAC7	AFIN_13-1		0.79	12/21/2015		1,178,000		1,168,433
14313KAC2	CARMX_12-3		0.52	03/30/2015		275,000		273,050
34529RAD3	FORDO_11-B		1.35	12/15/2014		372,000		374,764
34529WAC4	FORDO_12-B		0.72	08/01/2014		1,500,000		1,500,490
34530AAC9	FORDO_12-D		0.51	12/16/2014		2,200,000		2,187,516
43813CAC4	HONDA AUTO RECEIVABLES OWNER T		0.52	02/05/2015		2,000,000		1,987,320
43813UAD2	HONDA AUTO RECEIVABLES OWNER T		0.97	04/30/2015		500,000		500,470
43814CAD1	HONDA AUTO RECEIVABLES OWNER T		0.62	05/28/2016		615,000		611,668
44924CAA2	HCAF_10-8A		1.19	02/28/2015		1,413,844		1,416,248
65475QAD3	NISSAN AUTO RECEIVABLES OWNER		1.24	07/01/2015		1,600,000		1,610,312
65476GAD4	NISSAN AUTO RECEIVABLES OWNER		0.66	01/02/2015		1,300,000		1,295,936
80282UAC8	SANTANDER DRIVE AUTO RECEIVABL		0.83	11/02/2014		900,000		899,379
80283GAC8	SDART_13-3		0.70	09/11/2015		500,000		496,460
98158QAD8	WOART_12-B		0.81	04/30/2016		500,000		498,097
L2R424AA3	ECAR_12-1		1.37	02/04/2017		1,678,356		2,196,789
Z9195VUA5	CAR_12-F1F		1.38	07/13/2014		2,672,273		3,490,401
						24,109,473		25,440,104
Asset Backed Securities - Student Loans
00432CAZ4	AGSL_03-1		0.73	11/29/2019		4,100,000		3,725,112
00432CBB6	AGSL_03-1		0.43	09/30/2027		3,600,000		3,270,467
00432CBP5	AGSL_03-1		0.23	06/02/2021		5,350,000		4,864,621
041150DJ9	ASLA_10-1		1.17	05/29/2020		5,267,420		5,267,684
10620NAC2	BRAZOS HIGHER EDUCATION AUTHOR		0.39	05/16/2015		1,050,000		1,038,081
10620NAH1	BRHEA_05-3A		0.38	04/12/2016		381,742		380,859
12556PAC1	CITEL_05-1		0.39	02/23/2017		6,200,000		6,097,266
19458LBA7	COELT_05-A		0.37	05/15/2014		121,677		121,277
26845BAA7	EFSV2_ 2012-1		1.07	12/11/2017		4,607,392		4,606,056
28140VAB9	EFCT_04-1		0.43	09/21/2014		2,310,204		2,298,653
36156YAN1	GCO EDUCATION LOAN FUNDING TRU		0.34	12/09/2015		1,144,662		1,128,916
429827AB4	HEF_04-1		1.69	12/08/2018		2,100,000		1,872,765
429827AE8	HIGHER EDUCATION FUNDING HEF_0		1.65	02/23/2025		2,100,000		1,901,204
429827AF5	HEF_04-1		1.28	09/15/2020		2,100,000		1,872,765
429827AJ7	HIGHER EDUCATION FUNDING HEF_0		1.67	09/03/2026		2,100,000		1,901,504
429827AK4	HIGHER EDUCATION FUNDING HEF_0		1.65	06/13/2021		2,300,000		2,051,124
429827AN8	HEF_04-1		1.63	07/01/2022		2,100,000		1,872,765
429827AQ1	HEF_04-1		3.37	01/01/2044		2,950,000		2,725,661
57563NAA6	MEFA		1.23	08/08/2027		2,742,988		2,763,204
61205PAK5	MHESA_12-1		1.19	02/03/2022		4,450,000		4,478,080

40

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
66704JAZ1	NORTHSTAR EDUCATION FINANCE		0.40	12/13/2013		665,897		665,824
66705EAA6	NEF_12-1		0.89	05/11/2018		2,065,763		2,046,758
698475AM2	PANHANDLE-PLAINS HIGHER EDUCAT		1.41	01/09/2018		5,473,139		5,479,717
71722TAF1	PHEAA_04-1		1.75	05/09/2021		2,000,000		1,883,230
71722TAG9	PHEAA_04-1		1.70	07/27/2022		6,000,000		5,651,280
78442GHY5	SLMA		1.68	12/15/2016		400,000		400,000
78442GHZ2	SLMA		1.68	02/27/2014		2,500,000		2,500,000
78442GJA5	SLM STUDENT LOAN TR 2003-10A		1.67	02/21/2014		800,000		800,000
78442GJC1	SLMA		1.68	02/22/2014		50,000		50,000
78442GJD9	SLM STUDENT LOAN TR 2003-10A		1.64	02/28/2014		2,800,000		2,800,000
80705WAA7	SCHOL_12-B		0.60	01/05/2018		2,958,964		2,926,063
80705XAA5	SCHOL_13-A		0.85	05/02/2026		1,177,430		1,168,834
83149TAA2	SLMA_09-D		3.50	04/10/2017		7,193,234		6,883,320
83715AAK5	SOUTH CAROLINA STUDENT LN CORP		0.73	09/10/2013		1,904,996		1,907,015
86386MAY0	STUDENT LOAN CON		1.41	07/14/2022		17,928,159		18,119,273
B0A0BSZC0	SLMA_03-5		0.48	02/03/2018		1,253,163		1,602,046
U8280TAR8	SLMA		0.76	08/25/2021		2,670,000		3,340,660
						114,916,829		112,462,084
Asset Backed Securities - CLO
00083VAA9	ACASC_07-1		0.51	06/19/2016		6,750,000		6,604,207
00089KAB5	ACIS_13		1.16	12/29/2018		12,211,343		11,709,982
00306LAA2	ABERD_08-1A		0.92	02/11/2016		19,890,489		19,243,830
04011XAB2	ARES		0.52	01/16/2015		494,871		493,052
04011XAC0	ARES		0.52	04/10/2014		540,252		537,281
04012VAA7	ARES		0.90	09/11/2015		6,672,956		6,618,905
04963VAC2	ATR_4C-DO		0.52	08/07/2015		2,338,664		2,318,978
05615MAA5	BABSN_05-3A		0.53	08/25/2015		2,199,661		2,158,967
09202XAA2	BLACK DIAMOND CLO LTD BLACK_06		0.53	06/29/2016		3,950,000		3,841,497
107265AL4	BRENTWOOD CLO LTD BRENT_06-1A		0.54	11/23/2017		9,881,575		9,537,222
18971XAA2	CLYDS_05-1A		0.54	03/04/2015		1,648,972		1,647,716
26828RAA3	ECP_08-1A		1.12	05/19/2017		3,500,000		3,443,640
345447AA4	FORE_07-1A		0.52	09/21/2016		8,850,000		8,671,951
352569AB3	FCLO_5		0.53	02/16/2016		4,813,424		4,747,240
355524AB5	FRASR_06-1A		0.53	08/14/2015		2,040,501		2,032,224
363206AF0	GALE		0.52	03/12/2015		10,000,000		9,810,430
36361RAB3	GALLATIN FUNDING LTD GALL_13-1		—	05/11/2019		12,000,000		11,964,000
378663AA6	GLEAG_05-1A		0.55	06/25/2015		5,528,256		5,456,356
38136TAA1	GOLDS_07-5A		0.97	05/07/2016		7,550,000		7,429,177
40536TAA3	HLCLO_06-1A		0.47	03/05/2015		860,950		860,755
42822XAA3	HICDO_07-1RA		0.68	06/02/2016		11,496,786		11,168,863
482474AA1	KKR FINANCIAL CLO LTD KKR_05-1		0.55	06/20/2015		192,716		191,752
48248CAA2	KKR FINANCIAL CLO LTD KKR_07-1		0.63	04/28/2015		27,005,316		26,397,696
506828AA0	LAFC_12-1A		1.67	12/17/2015		2,302,251		2,300,510
51506JAA8	LANDM_05-1A		0.57	12/08/2014		500,724		499,921
530361AE4	LIBERTY CLO		0.52	06/18/2014		8,208,678		8,120,049
53225UAA9	LIGHT_2005-3		0.53	08/13/2015		1,445,519		1,420,218
67089NAE2	OCP_12-2A		1.09	12/20/2017		10,171,481		9,844,600
87155MAA9	SYMPH_5		1.03	06/25/2017		10,000,000		9,699,760
929260AA5	WGH_06-1A		0.53	03/08/2016		3,695,252		3,639,203
BRS6DUE27	STANFIELD VEYRON		0.50	12/06/2014		9,049,839		9,029,884
BRS89G5B9	DRYD_05-10EX		0.61	11/13/2015		1,122,249		1,431,503
BRSJRCWG3	GALATTIN FUNDS LTD GALL_13-1X		—	05/12/2019		7,350,000		6,798,750
G0684GAA8	AVOVA_III-X		0.58	09/30/2015		1,065,953		1,362,959
G37116AC7	GALLATIN FUNDING LTD GALL_12-1		—	03/22/2019		3,445,000		2,597,530
						218,773,678		213,630,604
Asset Backed Securities - Other
00104UAC2	AEPTC TEXAS CENTRAL TRANSITION		2.84	12/09/2022		700,000		690,560
00935WAA7	AIREM_06-1A		0.49	01/12/2018		1,662,809		1,543,087

41

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon		Maturity	Par		Market Value $
04542BDG4	ABFC_03-OPT1		0.87	07/28/2023		2,880,451		2,691,275
15200DAD9	CENTERPOINT ENERGY TRANSITION		5.17	11/26/2015		1,000,000		1,103,285
15200NAB1	CNP		3.46	12/05/2016		1,650,000		1,770,521
15200WAC9	CENTERPOINT ENERGY TRANSITION		3.03	11/04/2022		1,100,000		1,095,939
29365KAB9	ETI		3.65	11/01/2016		1,000,000		1,073,973
34528QBK9	FORDF		0.66	01/15/2014		6,050,000		6,055,748
67103QAA5	OFSBS_13-5A		1.23	09/28/2018		9,500,000		9,080,813
83611MAQ1	SOUNDVIEW HOME EQUITY LOAN TRU		1.49	06/04/2019		3,024,160		3,014,682
86358EJS6	STRUCTURED ASSET INVESTMENT LO		0.99	03/25/2020		8,600,306		7,878,199
86358EKH8	STRUCTURED ASSET INVESTMENT LO		1.03	08/22/2024		10,032,551		9,962,644
Z914HKQ87	GFUND_11-1		1.95	06/10/2017		4,768,759		7,355,187
						51,969,037		53,315,912
Total Fixed income Securities						6,457,465,842		6,285,778,334
Other Invested Assets - High Yield Fund
	CRESCENT CAPITAL HIGH YIELD FUND					497,223		32,162,754
Equities
18802108	ALLIANT ENERGY CORP					197,900		9,978,118
23608102	AMEREN CORP					190,000		6,543,600
24835100	AMER CMPS COMM					129,200		5,253,272
110122108	BRISTOL MYERS SQUIBB CO					236,000		10,546,840
166764100	CHEVRONTEXACO CORP					107,200		12,686,048
369550108	GENERAL DYNAMICS CORP					152,000		11,906,160
369604103	GENERAL ELEC CAP CO					375,000		8,696,250
391164100	GREAT PLAINS ENERGY INCORPORAT					347,200		7,825,888
438516106	HONEYWELL INTERNATIONAL INC					48,300		3,832,122
478160104	JOHNSON & JOHNSON					113,500		9,745,110
594918104	MICROSOFT CORP					467,400		16,139,322
646025106	NEW JERSEY RESOURCES					39,914		1,657,628
649445103	NEW YORK COMMUNITY BANCORP INC					496,000		6,944,000
655844108	NORFOLK SOUTHERN CORPORATION					89,400		6,494,910
718172109	PHILIP MORRIS INTERNATIONAL IN					107,800		9,337,636
718252604	PHILIPPINE LONG DISTANCE TEL C					120,615		8,184,934
729251108	PLUM CREEK TIMBER COMPANY INC.					208,400		9,726,028
771195104	ROCHE HOLDING AG					212,000		13,115,380
816851109	SEMPRA ENERGY					129,700		10,604,272
828806109	SIMON PROPERTY GROUP INC					59,800		9,443,616
847560109	SPECTRA ENERGY CORP					151,600		5,224,136
904784709	UNILEVER N.V.					329,500		12,952,645
929042109	VORNADO REALTY TRUST					57,800		4,788,730
949746101	WELLS FARGO CORP					311,700		12,863,859
976657106	WISCONSIN ENERGY CORPORATION					157,000		6,435,430
00208D408	ARC RESOURCES LTD					252,300		6,651,662
09247X101	BLACKROCK INC.					24,900		6,395,565
12572Q105	CME GROUP INC					133,000		10,105,340
13643E105	CANADIAN OIL SANDS					313,000		5,810,250
15189T107	CENTERPOINT ENERGY INC.					493,700		11,597,013
16941M109	CHINA MOBILE HONG KONG LIMITED					207,500		10,742,275
17275R102	CISCO SYSTEMS INC					579,700		14,092,507
25746U109	DOMINION RESOURCES INC					140,600		7,988,892
29250N105	ENBRIDGE INC					221,000		9,297,470
29476L107	EQUITY RESIDENTIAL PROP TR					153,000		8,883,180
30225T102	EXTRA SPACE STORAGE INC					158,698		6,654,207
30231G102	EXXON MOBIL CO					108,000		9,757,800
40414L109	HCP					248,500		11,291,840

42

Allied World Assurance Company Holdings, AG   Securities Listing as at June 30, 2013

Cusip	Security Description	Coupon	Maturity	Par		Market Value $
49456B101	KINDER MORGAN HOLDCO LLC				337,000		12,856,550
65339F101	FPL GROUP INC.				141,000		11,488,680
65473P105	NISOURCE INC				371,200		10,631,168
66987V109	NOVARTIS AG				156,900		11,094,399
73755L107	POTASH CORP OF SASKATCHEWAN IN				196,000		7,473,480
74340W103	PROLOGIS INC				339,700		12,813,484
74460D109	PUBLIC STORAGE INC				85,800		13,155,714
80105N105	SANOFI				52,700		2,714,577
85771P102	STATOIL ASA				79,700		1,648,993
92276F100	VENTAS, INC.				183,501		12,745,992
98389B100	XCEL ENERGY INC				183,300		5,194,722
BRSHQHA14	TF ADMINISTRADORA INDUSTRIAL S				2,627,000		5,461,383
G16962204	BUNGE LTD				19,800		1,992,870
H2906T109	GARMIN LTD.				130,500		4,718,880
N6983Q147	PHILIPS ELECTRONICS				225,000		6,125,706
S09895293	ASTRAZENECA PLC				201,500		9,519,909
S26969808	POTASH CORP OF SASKATCHEWAN IN				95,000		3,612,873
S28409704	CCR SA				640,000		5,127,996
S47324959	TELENOR ASA				48,030		947,063
S60735560	CHINA MOBILE				155,000		1,618,674
S62435862	SINGAPORE AIRPORT TERMINAL SER				2,839,700		7,366,249
S63521470	FLIGHT CENTRE LTD				164,800		5,932,918
S64555303	ICL ISRAEL CHEMICALS LTD				189,800		1,873,313
S65638751	ASCENDAS REAL ESTATE INVESTMEN				2,793,000		4,910,818
S69488369	WESFARMERS LTD				145,000		5,255,940
S69812394	WOOLWORTHS LTD				170,000		5,105,548
SB02PY225	SINGAPORE TELECOM				3,911,000		11,625,380
SB03FYZ44	GOODMAN GROUP				2,502,000		11,176,204
SB04PZ723	SUNTEC REAL ESTATE INVESTMENT				2,175,000		2,700,958
SB07NL190	JAPAN LOGISTICS FD				500		4,575,427
SB08SNH35	NATIONAL GRID PLC				410,000		4,638,979
SB0D6P437	MAPLETREE LG TR				7,682,000		6,662,619
SB10SSL76	ASCOTT RESIDENCE TRUST				5,680,000		5,777,182
SB1HL3P85	CAPITARETAIL CHINA TRUST				5,200,000		5,780,967
SB23WXW97	PARKWAY HOLDINGS LIMITED				1,117,000		2,078,467
SB3Z5T149	GARMIN LTD.				108,000		3,905,280
SB671GT81	FIBRA UNO ADMINISTRACION SA				1,800,000		5,982,105
SB84XBP29	INFRAESTRUCTURA ENERGETICA NOV				973,900		3,489,363
SB87ZDH17	TELEVISION BROADCASTS LTD				155,800		1,070,625
SB98BC671	NIPPON PROLOGIS REIT INC				200		1,737,555
SBOTLGM70	GZI REAL ESTATE INVESTMENT TRU				8,513,000		4,642,646
	NEUBERGER BERMAN GREATER CHINA EQUITY FUND LTD				50,000		53,499,453
Total Equities					60,718,158		640,925,041

43