Avenue Credit Strategies Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 25.94 17.33 8.61
Stocks 0.0 0.0 0.0
Bonds 37.19 4.34 32.85
Other 1.46 0.0 1.46
Foreign Bonds 50.76 1.48 49.29
Foreign Stocks 0.0 0.0 0.0
Convertible 5.24 0.0 5.24
Preferred 2.56 0.0 2.55

Updated 01.31.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 01.31.2014

% Net Assets
Meritor Cv 7.875% 2.57
iShares iBoxx $ Invst Grade Crp Bond 2.36
Faenza Gmbh 8.25% 2.22
Engy Future Inter Hldg Co Ll 144A 11.25% 1.83
Globe Luxembourg Sca 144A 9.625% 1.77
Harrahs Oper 11.25% 1.75
Moxie Patriot Llc 1.75
US Treasury Note 2.75% 1.63
Bcxphy Cds Usd R V 00mevent 1.55
Esc Lehman Brth Hldh Prod 1.5