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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACCURAY INC NOTE 3.500% 2/0 004397AD7 1,344 1,000,000 PRN   SOLE NONE 1,000,000 0 0
ACORDA THERAPEUTICS INC NOTE 1.750% 6/1 00484MAA4 1,542 1,530,000 PRN   SOLE NONE 1,530,000 0 0
AEGEAN MARINE PETE NETWORK I NOTE 4.000%11/0 Y0020QAA9 1,094 1,000,000 PRN   SOLE NONE 1,000,000 0 0
ALBANY MOLECULAR RESH INC NOTE 2.250%11/1 012423AB5 2,694 1,930,000 PRN   SOLE NONE 1,930,000 0 0
ALON USA ENERGY INC NOTE 3.000% 9/1 020520AB8 3,015 2,150,000 PRN   SOLE NONE 2,150,000 0 0
ASCENT CAP GROUP INC NOTE 4.000% 7/1 043632AA6 1,478 1,800,000 PRN   SOLE NONE 1,800,000 0 0
ATLAS AIR WORLDWIDE HLDGS IN NOTE 2.250% 6/0 049164BH8 1,929 1,970,000 PRN   SOLE NONE 1,970,000 0 0
BIOMARIN PHARMACEUTICAL INC NOTE 0.750%10/1 09061GAE1 2,332 1,500,000 PRN   SOLE NONE 1,500,000 0 0
BROOKDALE SR LIVING INC NOTE 2.750% 6/1 112463AA2 2,621 2,000,000 PRN   SOLE NONE 2,000,000 0 0
CARRIAGE SVCS INC NOTE 2.750% 3/1 143905AM9 1,923 1,620,000 PRN   SOLE NONE 1,620,000 0 0
CHESAPEAKE ENERGY CORP NOTE 2.250%12/1 165167CB1 1,053 1,210,000 PRN   SOLE NONE 1,210,000 0 0
COWEN GROUP INC NEW NOTE 3.000% 3/1 223622AB7 2,317 1,775,000 PRN   SOLE NONE 1,775,000 0 0
DEPOMED INC NOTE 2.500% 9/0 249908AA2 3,008 2,340,000 PRN   SOLE NONE 2,340,000 0 0
ENCORE CAP GROUP INC NOTE 2.875% 3/1 292554AH5 938 1,000,000 PRN   SOLE NONE 1,000,000 0 0
ENCORE CAP GROUP INC NOTE 3.000%11/2 292554AD4 1,312 925,000 PRN   SOLE NONE 925,000 0 0
GREEN PLAINS INC NOTE 3.250%10/0 393222AD6 1,807 1,240,000 PRN   SOLE NONE 1,240,000 0 0
HORSEHEAD HLDG CORP NOTE 3.800% 7/0 440694AB3 1,736 1,700,000 PRN   SOLE NONE 1,700,000 0 0
ICONIX BRAND GROUP INC NOTE 1.500% 3/1 451055AF4 1,993 1,950,000 PRN   SOLE NONE 1,950,000 0 0
INFINERA CORPORATION DBCV 1.750% 6/0 45667GAB9 2,503 1,445,000 PRN   SOLE NONE 1,445,000 0 0
INTEGRA LIFESCIENCES HLDGS C NOTE 1.625%12/1 457985AK5 2,127 1,750,000 PRN   SOLE NONE 1,750,000 0 0
J2 GLOBAL INC NOTE 3.250% 6/1 48123VAC6 2,094 1,800,000 PRN   SOLE NONE 1,800,000 0 0
JARDEN CORP NOTE 1.875% 9/1 471109AH1 2,485 1,480,000 PRN   SOLE NONE 1,480,000 0 0
NEW MTN FIN CORP NOTE 5.000% 6/1 647551AB6 1,055 1,050,000 PRN   SOLE NONE 1,050,000 0 0
OMNICARE INC NOTE 3.750%12/1 681904AN8 3,552 1,000,000 PRN   SOLE NONE 1,000,000 0 0
ON SEMICONDUCTOR CORP NOTE 2.625%12/1 682189AH8 2,474 2,000,000 PRN   SOLE NONE 2,000,000 0 0
PDL BIOPHARMA INC NOTE 4.000% 2/0 69329YAF1 1,936 2,044,000 PRN   SOLE NONE 2,044,000 0 0
PENNYMAC CORP NOTE 5.375% 5/0 70932AAB9 1,573 1,680,000 PRN   SOLE NONE 1,680,000 0 0
QUIDEL CORP NOTE 3.250%12/1 74838JAA9 1,001 1,000,000 PRN   SOLE NONE 1,000,000 0 0
RADIAN GROUP INC NOTE 2.250% 3/0 750236AN1 1,800 1,015,000 PRN   SOLE NONE 1,015,000 0 0
SANDISK CORP NOTE 1.500% 8/1 80004CAD3 1,943 1,500,000 PRN   SOLE NONE 1,500,000 0 0
SEACOR HOLDINGS INC NOTE 2.500%12/1 811904AM3 1,737 1,700,000 PRN   SOLE NONE 1,700,000 0 0
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 4,673 98,250 SH   SOLE NONE 98,250 0 0
TAKE-TWO INTERACTIVE SOFTWAR NOTE 1.000% 7/0 874054AD1 2,969 2,150,000 PRN   SOLE NONE 2,150,000 0 0
TESARO INC NOTE 3.000%10/0 881569AA5 2,746 1,500,000 PRN   SOLE NONE 1,500,000 0 0
TTM TECHNOLOGIES INC NOTE 1.750%12/1 87305RAD1 2,004 1,720,000 PRN   SOLE NONE 1,720,000 0 0
VIPSHOP HLDGS LTD NOTE 1.500% 3/1 92763WAA1 2,413 1,900,000 PRN   SOLE NONE 1,900,000 0 0
WABASH NATL CORP NOTE 3.375% 5/0 929566AH0 1,884 1,500,000 PRN   SOLE NONE 1,500,000 0 0