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 4,982 1,820,000 PRN   SOLE 14,000 0 1,806,000
ALZA CORP SDCV 7/2 02261WAB5 19,106 11,780,000 PRN   SOLE 102,000 0 11,678,000
ARES CAP CORP NOTE 4.750% 1/1 04010LAJ2 27,312 26,484,000 PRN   SOLE 5,989,000 0 20,495,000
ARES CAP CORP NOTE 4.375% 1/1 04010LAM5 8,907 8,564,000 PRN   SOLE 118,000 0 8,446,000
BANK AMER CORP 7.25%CNV PFD L 060505682 8,735 7,131 SH   SOLE 139 0 6,992
BROCADE COMMUNICATIONS SYS I NOTE 1.375% 1/0 111621AQ1 4,236 4,292,000 PRN   SOLE 79,000 0 4,213,000
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 200 201,000 PRN   SOLE 5,000 0 196,000
CITRIX SYS INC NOTE 0.500% 4/1 177376AD2 17,221 15,231,000 PRN   SOLE 139,000 0 15,092,000
DANAHER CORP DEL NOTE 1/2 235851AF9 6,489 2,167,000 PRN   SOLE 39,000 0 2,128,000
FIDELITY NATIONAL FINANCIAL NOTE 4.250% 8/1 31620RAE5 16,605 8,078,000 PRN   SOLE 77,000 0 8,001,000
ILLUMINA INC NOTE 6/1 452327AF6 32,369 31,274,000 PRN   SOLE 294,000 0 30,980,000
INTEL CORP SDCV 12/1 458140AD2 46,143 33,422,000 PRN   SOLE 327,000 0 33,095,000
JEFFERIES GROUP INC NEW DBCV 3.875%11/0 472319AG7 27,884 27,506,000 PRN   SOLE 4,765,000 0 22,741,000
LAM RESEARCH CORP NOTE 1.250% 5/1 512807AL2 24,908 15,647,000 PRN   SOLE 119,000 0 15,528,000
MACQUARIE INFRASTRUCTURE COR NOTE 2.875% 7/1 55608BAA3 24,077 20,546,000 PRN   SOLE 142,000 0 20,404,000
NEWMONT MINING CORP NOTE 1.625% 7/1 651639AJ5 28,648 26,283,000 PRN   SOLE 234,000 0 26,049,000
NOVELLUS SYS INC NOTE 2.625% 5/1 670008AD3 11,006 3,951,000 PRN   SOLE 55,000 0 3,896,000
OLD REP INTL CORP NOTE 3.750% 3/1 680223AH7 24,960 20,789,000 PRN   SOLE 190,000 0 20,599,000
ON SEMICONDUCTOR CORP NOTE 1.000%12/0 682189AK1 3,635 3,586,000 PRN   SOLE 66,000 0 3,520,000
PRICELINE GRP INC NOTE 0.350% 6/1 741503AS5 4,538 3,545,000 PRN   SOLE 135,000 0 3,410,000
PRICELINE GRP INC NOTE 0.900% 9/1 741503AX4 43,131 40,169,000 PRN   SOLE 291,000 0 39,878,000
PROSPECT CAPITAL CORPORATION NOTE 5.750% 3/1 74348TAL6 6,502 6,313,000 PRN   SOLE 6,313,000 0 0
PROSPECT CAPITAL CORPORATION NOTE 5.875% 1/1 74348TAM4 16,817 16,407,000 PRN   SOLE 128,000 0 16,279,000
PROSPECT CAPITAL CORPORATION NOTE 4.750% 4/1 74348TAQ5 18,300 18,520,000 PRN   SOLE 202,000 0 18,318,000
RED HAT INC NOTE 0.250%10/0 756577AD4 31,887 25,195,000 PRN   SOLE 171,000 0 25,024,000
RPM INTL INC NOTE 2.250%12/1 749685AT0 16,787 14,011,000 PRN   SOLE 132,000 0 13,879,000
SPIRIT RLTY CAP INC NEW NOTE 2.875% 5/1 84860WAA0 19,537 17,691,000 PRN   SOLE 182,000 0 17,509,000
SPIRIT RLTY CAP INC NEW NOTE 3.750% 5/1 84860WAB8 11,155 9,828,000 PRN   SOLE 101,000 0 9,727,000
TEVA PHARMACEUTICAL FIN LLC DBCV 0.250% 2/0 88163VAE9 14,384 12,056,000 PRN   SOLE 122,000 0 11,934,000
TOLL BROS FIN CORP NOTE 0.500% 9/1 88947EAM2 4,618 4,709,000 PRN   SOLE 87,000 0 4,622,000
TORONTO DOMINION BK ONT NOTE 3.625% 9/1 891160MJ9 10,028 10,000,000 SH   SOLE 3,850,000 0 6,150,000
WELLPOINT INC NOTE 2.750%10/1 94973VBG1 30,717 17,540,000 PRN   SOLE 184,000 0 17,356,000
WELLS FARGO & CO NEW PERP PFD CNV A 949746804 21,264 16,357 PRN   SOLE 381 0 15,976
XILINX INC NOTE 2.625% 6/1 983919AF8 26,595 14,137,000 PRN   SOLE 113,000 0 14,024,000