The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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
Estimated average burden
hours per response: 23.8
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
AIRTRAN HLDGS INC NOTE 5.250%11/0 00949PAD0 6,584 2,249,000 PRN   SOLE   2,249,000 0 0
ALZA CORP SDCV 7/2 02261WAB5 17,435 12,150,000 PRN   SOLE   12,150,000 0 0
ARES CAP CORP NOTE 5.125% 6/0 04010LAD5 29,548 28,863,000 PRN   SOLE   28,863,000 0 0
ARES CAP CORP NOTE 4.750% 1/1 04010LAJ2 19,000 18,537,000 PRN   SOLE   18,537,000 0 0
BANK AMER CORP 7.25%CNV PFD L 060505682 12,244 10,630 SH   SOLE   10,630 0 0
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 6,268 6,500,000 PRN   SOLE   6,500,000 0 0
CSX CORP DBCV 10/3 126408GA5 3,240 840,000 PRN   SOLE   840,000 0 0
DANAHER CORP DEL NOTE 1/2 235851AF9 15,706 6,314,000 PRN   SOLE   6,314,000 0 0
DEVELOPERS DIVERSIFIED RLTY NOTE 1.750%11/1 251591AX1 11,193 9,040,000 PRN   SOLE   9,040,000 0 0
FIDELITY NATIONAL FINANCIAL NOTE 4.250% 8/1 31620RAE5 18,022 9,551,000 PRN   SOLE   9,551,000 0 0
FIFTH STR FIN CORP NOTE 5.375% 4/0 31679BAC4 5,545 5,410,000 PRN   SOLE   5,410,000 0 0
GILEAD SCIENCES INC NOTE 1.625% 5/0 375558AP8 51,428 12,426,000 PRN   SOLE   12,426,000 0 0
HEALTH CARE REIT INC NOTE 3.000%12/0 42217KAR7 6,782 4,523,000 PRN   SOLE   4,523,000 0 0
INTEL CORP SDCV 2.950%12/1 458140AD2 57,805 44,000,000 PRN   SOLE   44,000,000 0 0
JEFFERIES GROUP INC NEW DBCV 3.875%11/0 472319AG7 26,342 25,497,000 PRN   SOLE   25,497,000 0 0
LAM RESEARCH CORP NOTE 0.500% 5/1 512807AJ7 33,751 25,715,000 PRN   SOLE   25,715,000 0 0
LAM RESEARCH CORP NOTE 1.250% 5/1 512807AL2 1,767 1,250,000 PRN   SOLE   1,250,000 0 0
MACQUARIE INFRASTR CO LLC NOTE 2.875% 7/1 55608BAA3 14,629 12,875,000 PRN   SOLE   12,875,000 0 0
NEWMONT MINING CORP NOTE 1.625% 7/1 651639AJ5 31,263 30,782,000 PRN   SOLE   30,782,000 0 0
NOVELLUS SYS INC NOTE 2.625% 5/1 670008AD3 11,089 4,837,000 PRN   SOLE   4,837,000 0 0
OLD REP INTL CORP NOTE 3.750% 3/1 680223AH7 23,442 20,230,000 PRN   SOLE   20,230,000 0 0
PRICELINE GRP INC DEBT 1.000% 3/1 741503AQ9 36,078 27,152,000 PRN   SOLE   27,152,000 0 0
PRICELINE GRP INC NOTE 0.350% 6/1 741503AS5 8,848 7,935,000 PRN   SOLE   7,935,000 0 0
PROLOGIS NOTE 3.250% 3/1 74340XAT8 18,067 16,258,000 PRN   SOLE   16,258,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.750% 3/1 74348TAL6 6,509 6,600,000 PRN   SOLE   6,600,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.875% 1/1 74348TAM4 19,555 19,777,000 PRN   SOLE   19,777,000 0 0
RPM INTL INC NOTE 2.250%12/1 749685AT0 14,011 12,020,000 PRN   SOLE   12,020,000 0 0
SANDISK CORP NOTE 0.500%10/1 80004CAF8 3,236 2,694,000 PRN   SOLE   2,694,000 0 0
TEVA PHARMACEUTICAL FIN LLC DBCV 0.250% 2/0 88163VAE9 14,497 10,611,000 PRN   SOLE   10,611,000 0 0
TOLL BROS FIN CORP NOTE 0.500% 9/1 88947EAM2 7,151 7,011,000 PRN   SOLE   7,011,000 0 0
WELLS FARGO & CO NEW PERP PFD CNV A 949746804 20,632 16,981 SH   SOLE   16,981 0 0
XILINX INC NOTE 2.625% 6/1 983919AF8 26,742 17,769,000 PRN   SOLE   17,769,000 0 0
YAHOO INC NOTE 12/0 984332AF3 8,997 7,953,000 PRN   SOLE   7,953,000 0 0