200A Executive Drive Edgewood, New York
|
11717
|
(Address of principal executive offices)
|
(Zip code)
|
AST Fund Solutions, LLC 200A Executive Drive
|
Edgewood, NY 11717
|
Description |
No. of
Shares
|
Value
|
|||||||
EQUITY SECURITIES - 99.39% | |||||||||
CLOSED-END FUNDS - 46.16%
|
|||||||||
CONVERTIBLE SECURITIES - 0.80%
|
|||||||||
Advent Claymore Global Convertible Securities and Income Fund II
|
112,916 | $ | 812,995 | ||||||
AllianzGI Equity & Convertible Income Fund
|
3,178 | 57,236 | |||||||
870,231 | |||||||||
CORE - 2.40%
|
|||||||||
Adams Express Company (The)
|
20,400 | 239,496 | |||||||
Advent/Claymore Enhanced Growth & Income Fund
|
27,514 | 267,711 | |||||||
General American Investors Company, Inc.
|
32,041 | 1,000,640 | |||||||
Royce Micro-Cap Trust, Inc.
|
7,262 | 77,703 | |||||||
Tri-Continental Corporation
|
33,275 | 583,976 | |||||||
Zweig Fund, Inc. (The)
|
33,767 | 438,971 | |||||||
2,608,497 | |||||||||
CORPORATE DEBT INVESTMENT GRADE-LEVERAGED - 2.04%
|
|||||||||
Western Asset/Claymore Inflation-Linked Opportunities & Income Fund
|
100,155 | 1,327,054 | |||||||
Western Asset/Claymore Inflation-Linked Securities & Income Fund
|
65,367 | 885,723 | |||||||
2,212,777 | |||||||||
CORPORATE DEBT INVESTMENT GRADE-RATED - 0.97%
|
|||||||||
Cutwater Select Income Fund
|
4,259 | 85,436 | |||||||
Federated Enhanced Treasury Income Fund
|
47,044 | 644,032 | |||||||
Invesco Van Kampen Bond Fund
|
2,400 | 47,760 | |||||||
Morgan Stanley Income Securities Inc.
|
6,959 | 125,888 | |||||||
Transamerica Income Shares, Inc.
|
6,923 | 149,260 | |||||||
1,052,376 | |||||||||
DEVELOPED MARKET - 0.75%
|
|||||||||
Aberdeen Israel Fund, Inc.
|
2,400 | 34,656 | |||||||
New Germany Fund, Inc. (The)
|
2,635 | 44,373 | |||||||
Singapore Fund, Inc. (The)
|
22,517 | 319,741 | |||||||
Swiss Helvetia Fund, Inc. (The)
|
34,349 | 421,119 | |||||||
819,889 | |||||||||
EMERGING MARKETS - 2.85%
|
|||||||||
Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc.
|
3,400 | 71,502 | |||||||
Central Europe and Russia Fund, Inc. (The)
|
5,029 | 164,800 | |||||||
India Fund, Inc. (The)
|
31,656 | 672,373 | |||||||
Morgan Stanley India Investment Fund, Inc. *
|
55,098 | 977,990 | |||||||
Templeton Dragon Fund, Inc
|
43,000 | 1,200,990 | |||||||
Templeton Russia and East European Fund, Inc.
|
825 | 12,202 | |||||||
3,099,857 | |||||||||
EMERGING MARKETS DEBT - 0.41%
|
|||||||||
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
|
26,549 | 442,041 | |||||||
FLEXIBLE INCOME - 0.99%
|
|||||||||
Putnam Master Intermediate Income Trust
|
55,158 | 287,373 | |||||||
Putnam Premier Income Trust
|
143,035 | 792,414 | |||||||
1,079,787 | |||||||||
GENERAL & INSURED LEVERAGED - 2.35%
|
|||||||||
Invesco Value Municipal Income Trust
|
8,989 | 145,179 | |||||||
Nuveen Dividend Advantage Municipal Fund 2
|
23,200 | 351,944 | |||||||
Nuveen Dividend Advantage Municipal Fund 3
|
55,923 | 836,049 |
Description |
No. of
Shares
|
Value
|
Nuveen Dividend Advantage Municipal Income Fund
|
17,255 | $ | 257,272 | ||||||
Nuveen Premier Municipal Opportunity Fund, Inc.
|
57,606 | 868,122 | |||||||
Nuveen Quality Income Municipal Fund, Inc.
|
6,102 | 92,994 | |||||||
2,551,560 | |||||||||
GENERAL BOND - 0.55%
|
|||||||||
Nuveen Build America Bond Opportunity Fund
|
27,201 | 601,686 | |||||||
GLOBAL - 4.81%
|
|||||||||
AllianzGI Global Equity & Convertible Income Fund
|
26,543 | 384,343 | |||||||
Alpine Global Dynamic Dividend Fund
|
55,432 | 266,074 | |||||||
Alpine Total Dynamic Dividend Fund
|
155,967 | 637,905 | |||||||
Clough Global Allocation Fund
|
32,004 | 482,300 | |||||||
Clough Global Equity Fund
|
49,799 | 732,045 | |||||||
Clough Global Opportunities Fund
|
98,420 | 1,266,665 | |||||||
Delaware Enhanced Global Dividend and Income Fund
|
68,251 | 831,980 | |||||||
First Trust Active Dividend Income Fund
|
38,918 | 323,409 | |||||||
GDL Fund (The)
|
3,800 | 44,764 | |||||||
Lazard World Dividend & Income Fund, Inc.
|
13,234 | 184,085 | |||||||
Nuveen Global Value Opportunities Fund
|
5,700 | 80,712 | |||||||
5,234,282 | |||||||||
GLOBAL INCOME - 1.16%
|
|||||||||
Nuveen Multi-Currency Short-Term Government Income Fund
|
97,079 | 1,258,144 | |||||||
HIGH CURRENT YIELD (LEVERAGED) - 2.43%
|
|||||||||
DWS High Income Opportunities Fund, Inc.
|
76,315 | 1,183,646 | |||||||
First Trust Strategic High Income Fund II
|
45,045 | 777,477 | |||||||
Neuberger Berman High Yield Strategies Fund Inc.
|
48,281 | 685,590 | |||||||
2,646,713 | |||||||||
HIGH YIELD - 0.55%
|
|||||||||
First Trust High Income Long/Short Fund
|
31,411 | 596,181 | |||||||
INCOME & PREFERRED STOCK - 1.25%
|
|||||||||
John Hancock Premium Dividend Fund
|
4,000 | 56,680 | |||||||
Nuveen Quality Preferred Income Fund 3
|
10,400 | 94,224 | |||||||
Zweig Total Return Fund, Inc. (The)
|
92,536 | 1,204,819 | |||||||
1,355,723 | |||||||||
OPTION ARBITRAGE/OPTIONS STRATEGIES - 17.28%
|
|||||||||
AllianzGI International & Premium Strategy Fund
|
56,283 | 565,644 | |||||||
AllianzGI NFJ Dividend, Interest & Premium Strategy Fund
|
33,629 | 565,640 | |||||||
BlackRock Enhanced Capital & Income Fund, Inc.
|
7,093 | 92,280 | |||||||
BlackRock Enhanced Equity Dividend Trust
|
286,419 | 2,239,797 | |||||||
BlackRock Global Opportunities Equity Trust
|
330,406 | 4,586,035 | |||||||
BlackRock International Growth and Income Trust
|
251,613 | 1,919,807 | |||||||
Eaton Vance Enhanced Equity Income Fund
|
108,700 | 1,269,616 | |||||||
Eaton Vance Enhanced Equity Income Fund II
|
145,200 | 1,648,020 | |||||||
Eaton Vance Tax-Managed Diversified Equity Income Fund
|
371,208 | 3,771,473 | |||||||
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
|
142,415 | 1,327,308 | |||||||
ING Global Equity Dividend and Premium Opportunity Fund
|
72,000 | 666,720 | |||||||
Madison Strategic Sector Premium Fund
|
11,612 | 135,860 | |||||||
18,788,200 |
Description |
No. of
Shares
|
Value
|
PACIFIC EX JAPAN - 0.28%
|
|||||||||
Taiwan Fund, Inc. *
|
8,200 | $ | 134,316 | ||||||
Thai Fund, Inc. (The)
|
7,100 | 169,761 | |||||||
304,077 | |||||||||
REAL ESTATE - 0.13%
|
|||||||||
Neuberger Berman Real Estate Securities Income Fund Inc.
|
26,593 | 137,486 | |||||||
SECTOR EQUITY - 4.16%
|
|||||||||
BlackRock EcoSolutions Investment Trust
|
24,379 | 222,093 | |||||||
BlackRock Energy and Resources Trust
|
30,081 | 777,594 | |||||||
BlackRock Real Asset Equity Trust
|
101,967 | 1,019,670 | |||||||
BlackRock Utility and Infrastructure Trust
|
12,000 | 234,600 | |||||||
ING Risk Managed Natural Resources Fund
|
36,366 | 405,481 | |||||||
Petroleum & Resources Corporation
|
24,609 | 639,342 | |||||||
Reaves Utility Income Fund
|
46,214 | 1,223,747 | |||||||
4,522,527 | |||||||||
TOTAL CLOSED-END FUNDS
|
50,182,034 | ||||||||
CONSUMER DISCRETIONARY - 5.57%
|
|||||||||
CBS Corporation - Class B
|
5,000 | 233,450 | |||||||
Comcast Corporation - Class A
|
20,655 | 867,717 | |||||||
Gap, Inc. (The)
|
4,000 | 141,600 | |||||||
Home Depot, Inc. (The)
|
11,600 | 809,448 | |||||||
Lowe's Companies, Inc.
|
9,000 | 341,280 | |||||||
News Corporation - Class B
|
5,000 | 153,800 | |||||||
NIKE, Inc. - Class B
|
8,000 | 472,080 | |||||||
Omnicom Group Inc.
|
2,500 | 147,250 | |||||||
Starbucks Corporation
|
4,000 | 227,840 | |||||||
Target Corporation
|
8,800 | 602,360 | |||||||
Time Warner Cable Inc.
|
1,966 | 188,854 | |||||||
Time Warner Inc.
|
7,900 | 455,198 | |||||||
TJX Companies, Inc. (The)
|
14,000 | 654,500 | |||||||
Viacom Inc. - Class B
|
2,950 | 181,632 | |||||||
Walt Disney Company (The)
|
10,200 | 579,360 | |||||||
6,056,369 | |||||||||
CONSUMER STAPLES - 5.81%
|
|||||||||
Altria Group, Inc.
|
20,800 | 715,312 | |||||||
Coca-Cola Company (The)
|
19,000 | 768,360 | |||||||
Colgate-Palmolive Company
|
5,000 | 590,150 | |||||||
Costco Wholesale Corporation
|
2,500 | 265,275 | |||||||
CVS Caremark Corporation
|
10,430 | 573,546 | |||||||
Kimberly-Clark Corporation
|
3,000 | 293,940 | |||||||
Philip Morris International, Inc.
|
12,000 | 1,112,520 | |||||||
Wal-Mart Stores, Inc.
|
26,700 | 1,997,961 | |||||||
6,317,064 | |||||||||
ENERGY - 6.27%
|
|||||||||
Chevron Corporation
|
11,732 | 1,393,996 | |||||||
Cameron International Corporation *
|
2,000 | 130,400 | |||||||
ConocoPhillips
|
13,974 | 839,837 | |||||||
EOG Resources, Inc.
|
3,500 | 448,245 | |||||||
Exxon Mobil Corporation
|
29,936 | 2,697,533 |
Description |
No. of
Shares
|
Value
|
Marathon Oil Corporation
|
5,000 | $ | 168,600 | ||||||
Phillips 66
|
7,487 | 523,865 | |||||||
Schlumberger Limited
|
6,000 | 449,340 | |||||||
Valero Energy Corporation
|
3,000 | 136,470 | |||||||
WPX Energy, Inc. *
|
1,666 | 26,689 | |||||||
6,814,975 | |||||||||
FINANCIALS - 8.98%
|
|||||||||
AFLAC, Inc.
|
5,500 | 286,110 | |||||||
Allstate Corporation (The)
|
5,000 | 245,350 | |||||||
American Express Company
|
6,400 | 431,744 | |||||||
Ameriprise Financial, Inc.
|
2,500 | 184,125 | |||||||
Aon plc
|
5,500 | 338,250 | |||||||
BB&T Corporation
|
6,000 | 188,340 | |||||||
Berkshire Hathaway Inc. - Class B *
|
11,000 | 1,146,200 | |||||||
BlackRock, Inc. - Class A
|
1,500 | 385,320 | |||||||
Capital One Financial Corporation
|
4,500 | 247,275 | |||||||
Discover Financial Services
|
6,000 | 269,040 | |||||||
Fifth Third Bancorp
|
9,000 | 146,790 | |||||||
Franklin Resources, Inc.
|
2,500 | 377,025 | |||||||
JPMorgan Chase & Co.
|
34,132 | 1,619,905 | |||||||
Marsh & McLennan Companies, Inc.
|
5,000 | 189,850 | |||||||
MetLife, Inc.
|
7,000 | 266,140 | |||||||
Public Storage
|
2,000 | 304,640 | |||||||
State Street Corporation
|
3,500 | 206,815 | |||||||
SunTrust Banks, Inc.
|
6,000 | 172,860 | |||||||
T. Rowe Price Group, Inc.
|
2,000 | 149,740 | |||||||
U.S. Bancorp
|
18,401 | 624,346 | |||||||
Wells Fargo & Company
|
47,800 | 1,768,122 | |||||||
Weyerhaeuser Company
|
7,000 | 219,660 | |||||||
9,767,647 | |||||||||
HEALTH CARE - 6.48%
|
|||||||||
Abbott Laboratories
|
13,200 | 466,224 | |||||||
AbbVie Inc.
|
13,200 | 538,296 | |||||||
Allergan, Inc.
|
3,000 | 334,890 | |||||||
Amgen Inc.
|
7,800 | 799,578 | |||||||
Biogen Idec Inc. *
|
4,000 | 771,640 | |||||||
Bristol-Myers Squibb Company
|
19,000 | 782,610 | |||||||
Cardinal Health, Inc.
|
2,950 | 122,779 | |||||||
Celgene Corporation *
|
6,000 | 695,460 | |||||||
Cigna Corporation
|
2,500 | 155,925 | |||||||
Covidien plc
|
2,099 | 142,396 | |||||||
Intuitive Surgical, Inc. *
|
500 | 245,595 | |||||||
Johnson & Johnson
|
10,000 | 815,300 | |||||||
McKesson Corporation
|
1,800 | 194,328 | |||||||
Merck & Company, Inc.
|
22,267 | 984,869 | |||||||
7,049,890 | |||||||||
INDUSTRIALS - 5.23%
|
|||||||||
3M Company
|
7,000 | 744,170 | |||||||
Deere & Company
|
6,500 | 558,870 | |||||||
Dover Corporation
|
2,000 | 145,760 | |||||||
Emerson Electric Company
|
7,000 | 391,090 |
Description |
No. of
Shares
|
Value
|
General Electric Company
|
59,000 | $ | 1,364,080 | ||||||
Honeywell International Inc.
|
5,000 | 376,750 | |||||||
Illinois Tool Works, Inc.
|
5,000 | 304,700 | |||||||
Lockheed Martin Corporation
|
3,000 | 289,560 | |||||||
Precision Castparts Corporation
|
2,000 | 379,240 | |||||||
Union Pacific Corporation
|
4,000 | 569,640 | |||||||
United Technologies Corporation
|
6,000 | 560,580 | |||||||
5,684,440 | |||||||||
INFORMATION TECHNOLOGY - 10.41%
|
|||||||||
Apple Inc.
|
6,900 | 3,054,147 | |||||||
Automatic Data Processing, Inc.
|
4,000 | 260,080 | |||||||
Cognizant Technology Solutions Corporation - Class A *
|
2,500 | 191,525 | |||||||
eBay Inc. *
|
10,000 | 542,200 | |||||||
Google Inc. - Class A *
|
1,000 | 794,030 | |||||||
International Business Machines Corporation
|
6,100 | 1,301,130 | |||||||
Intuit Inc.
|
2,500 | 164,125 | |||||||
MasterCard Incorporated - Class A
|
1,200 | 649,356 | |||||||
Microsoft Corporation
|
41,800 | 1,195,898 | |||||||
Oracle Corporation
|
34,272 | 1,108,356 | |||||||
QUALCOMM Incorporated
|
13,000 | 870,350 | |||||||
Visa Inc. - Class A
|
6,000 | 1,019,040 | |||||||
Yahoo! Inc. *
|
7,000 | 164,710 | |||||||
11,314,947 | |||||||||
MATERIALS - 1.37%
|
|||||||||
Air Products & Chemicals, Inc.
|
2,000 | 174,240 | |||||||
Dow Chemical Company (The)
|
7,000 | 222,880 | |||||||
Ecolab Inc.
|
2,500 | 200,450 | |||||||
International Paper Company
|
2,000 | 93,160 | |||||||
Monsanto Company
|
5,000 | 528,150 | |||||||
PPG Industries, Inc.
|
2,000 | 267,880 | |||||||
1,486,760 | |||||||||
TELECOMMUNICATION SERVICES - 1.57%
|
|||||||||
AT&T, Inc.
|
25,039 | 918,681 | |||||||
Verizon Communications, Inc.
|
16,000 | 786,400 | |||||||
1,705,081 | |||||||||
UTILITIES - 1.54%
|
|||||||||
Consolidated Edison, Inc.
|
4,000 | 244,120 | |||||||
Duke Energy Corporation
|
7,879 | 571,937 | |||||||
NextEra Energy, Inc.
|
4,000 | 310,720 | |||||||
Public Service Enterprises Group, Inc.
|
4,500 | 154,530 | |||||||
Southern Company (The)
|
6,000 | 281,520 | |||||||
Xcel Energy Inc.
|
4,000 | 118,800 | |||||||
1,681,627 | |||||||||
TOTAL EQUITY SECURITIES (cost - $90,777,793)
|
108,060,834 | ||||||||
SHORT-TERM INVESTMENTS - 1.27%
|
|||||||||
MONEY MARKET FUNDS - 1.27%
|
|||||||||
Fidelity Institutional Money Market Government Portfolio - Class I, 0.01%^ (cost - $1,382,535)
|
1,382,535 | 1,382,535 | |||||||
TOTAL INVESTMENTS - 100.66% (cost - $92,160,328)
|
109,443,369 |
Description |
No. of
Shares
|
Value
|
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.66)%
|
$ | (723,139 | ) | ||||||
NET ASSETS - 100.00%
|
$ | 108,720,230 |
*
|
Non-income producing security.
|
^
|
The rate shown is the 7-day effective yield as of March 31, 2013.
|
Cost of portfolio investments
|
$ | 92,160,328 | ||
Gross unrealized appreciation
|
$ | 17,797,612 | ||
Gross unrealized depreciation
|
(514,571 | ) | ||
Net unrealized appreciation
|
$ | 17,283,041 |
·
|
Level 1 - quoted unadjusted prices for identical instruments in active markets to which the Fund has access at the date of measurement.
|
·
|
Level 2 - quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers.
|
·
|
Level 3 - model derived valuations in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are those inputs that reflect the Fund's own assumptions that market participants would use to price the asset or liability based on the best available information.
|
VALUATION INPUTS
|
INVESTMENTS
IN
SECURITIES
|
OTHER FINANCIAL INSTRUMENTS*
|
||||||
Level 1 – Quoted Prices
|
||||||||
Equity Investments
|
$ | 108,060,834 | $ | - | ||||
Short-Term Investments
|
1,382,535 | - | ||||||
Level 2 – Other Significant Observable Inputs
|
- | - | ||||||
Level 3 – Significant Unobservable Inputs
|
- | - | ||||||
Total
|
$ | 109,443,369 | $ | - |
By (Signature and Title)*
|
/s/ Ralph W. Bradshaw
|
||
Ralph W. Bradshaw, President and Chairman
|
|||
(Principal Executive Officer)
|
|||
Date
|
May 20, 2013
|
||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|||
By (Signature and Title)*
|
/s/ Ralph W. Bradshaw
|
||
Ralph W. Bradshaw, President and Chairman
|
|||
(Principal Executive Officer)
|
|||
Date
|
May 20, 2013
|
||
By (Signature and Title)*
|
/s/ Frank J. Maresca
|
||
Frank J. Maresca, Treasurer (Principal Financial Officer)
|
|||
Date
|
May 20, 2013
|
Date: May 20, 2013
|
/s/ Ralph W. Bradshaw
|
|
Ralph W. Bradshaw, Chairman and President
(Principal Executive Officer)
|
Date: May 20, 2013
|
/s/ Frank J. Maresca
|
|
Frank J. Maresca, Treasurer
(Principal Financial Officer)
|