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OMB APPROVAL |
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OMB Number: 3235-0578 |
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21331
Evergreen Multi-Sector Income Fund
(Exact name of registrant as specified in charter)
200 Berkeley Street
Boston, Massachusetts 02116
(Address of principal executive offices) (Zip code)
Michael H. Koonce, Esq.
200 Berkeley Street
Boston, Massachusetts 02116
(Name and address of agent for service)
Registrant’s telephone number, including area code: (617) 210-3200
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Date of fiscal year end: |
Registrant is making a quarterly filing for one of its series, Evergreen Multi-Sector Income Fund, for the quarter ended January 31, 2009. This series has October 31 fiscal year end. |
Date of reporting period: January 31, 2009
Item 1 – Schedule of Investments
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
AGENCY MORTGAGE-BACKED COLLATERALIZED MORTGAGE OBLIGATIONS 13.3% |
|
|
|
|
|
|
|
|
FIXED-RATE 0.4% |
|
|
|
|
|
|
|
|
FHLMC, Ser. 1650, Class J, 6.50%, 06/15/2023 |
|
$ |
136,536 |
|
$ |
136,749 |
|
|
FNMA: |
|
|
|
|
|
|
|
|
Ser. 2001-25, Class Z, 6.00%, 06/25/2031 |
|
|
1,257,466 |
|
|
1,324,841 |
|
|
Ser. 2001-51, Class P, 6.00%, 08/25/2030 |
|
|
557,590 |
|
|
563,264 |
|
|
Ser. 2002-77, Class FH, 4.68%, 12/18/2032 |
|
|
347,071 |
|
|
340,289 |
|
|
|
|
|
|
|
|
2,365,143 |
|
|
FLOATING-RATE 12.9% |
|
|
|
|
|
|
|
|
FHLMC: |
|
|
|
|
|
|
|
|
Ser. 0196, Class A, 2.24%, 12/15/2021 |
|
|
160,326 |
|
|
158,679 |
|
|
Ser. 1500, Class FD, 2.89%, 05/15/2023 |
|
|
4,177,475 |
|
|
4,074,358 |
|
|
Ser. 2182, Class FE, 3.40%, 05/15/2028 |
|
|
633,104 |
|
|
624,931 |
|
|
Ser. 2247, Class FC, 2.02%, 08/15/2030 |
|
|
704,237 |
|
|
687,025 |
|
|
Ser. 2390, Class FD, 1.87%, 12/15/2031 |
|
|
140,814 |
|
|
138,530 |
|
|
Ser. 2411, Class F, 1.97%, 02/15/2032 |
|
|
181,409 |
|
|
178,483 |
|
|
Ser. 2412, Class GF, 2.37%, 02/15/2032 |
|
|
4,286,397 |
|
|
4,249,577 |
|
|
Ser. 2431, Class F, 1.92%, 03/15/2032 |
|
6,654,291 |
|
|
6,476,821 |
|
|
|
Ser. 2567, Class FH, 1.82%, 02/15/2033 |
|
|
355,197 |
|
|
341,679 |
|
|
Ser. T-66, Class 2A1, 5.25%, 01/25/2036 |
|
|
7,738,257 |
|
|
7,314,686 |
|
|
Ser. T-67, Class 1A1C, 5.57%, 03/25/2036 |
|
|
22,758,429 |
|
|
21,594,197 |
|
|
Ser. T-67, Class 2A1C, 5.53%, 03/25/2036 |
|
|
1,630,936 |
|
|
1,550,048 |
|
|
FNMA: |
|
|
|
|
|
|
|
|
Ser. 1996-46, Class FA, 1.94%, 08/25/2021 |
|
|
91,749 |
|
|
89,970 |
|
|
Ser. 2000-45, Class F, 1.85%, 12/25/2030 |
|
|
735,515 |
|
|
721,059 |
|
|
Ser. 2001-24, Class FC, 2.00%, 04/25/2031 |
|
|
267,832 |
|
|
261,249 |
|
|
Ser. 2001-35, Class F, 2.00%, 07/25/2031 |
|
|
62,057 |
|
|
61,141 |
|
|
Ser. 2001-37, Class F, 1.90%, 08/25/2031 |
|
|
267,661 |
|
|
263,334 |
|
|
Ser. 2001-57, Class F, 1.90%, 06/25/2031 |
|
|
62,477 |
|
|
61,360 |
|
|
Ser. 2001-62, Class FC, 2.05%, 11/25/2031 |
|
|
821,260 |
|
|
800,194 |
|
|
Ser. 2001-69, Class PF, 2.40%, 12/25/2031 |
|
|
2,494,704 |
|
|
2,493,935 |
|
|
Ser. 2002-77, Class FV, 1.98%, 12/18/2032 |
|
|
1,132,589 |
|
|
1,094,602 |
|
|
Ser. 2002-95, Class FK, 1.90%, 01/25/2033 |
|
|
9,291,330 |
|
|
8,975,518 |
|
|
Ser. 2002-97, Class FR, 1.95%, 01/25/2033 |
|
|
143,929 |
|
|
136,998 |
|
|
Ser. 2003-W8, Class 3F2, 1.75%, 05/25/2042 |
|
|
1,685,763 |
|
|
1,618,559 |
|
|
Ser. G91-16, Class F, 1.89%, 06/25/2021 |
|
|
102,195 |
|
|
100,148 |
|
|
Ser. G92-17, Class F, 2.49%, 03/25/2022 |
|
|
180,437 |
|
|
179,894 |
|
|
Ser. G92-53, Class FA, 2.19%, 09/25/2022 |
|
|
1,707,053 |
|
|
1,681,703 |
|
|
GNMA: |
|
|
|
|
|
|
|
|
Ser. 1997-13, Class F, 1.94%, 09/16/2027 |
|
|
1,527,297 |
|
|
1,484,975 |
|
|
Ser. 2001-61, Class FA, 1.95%, 09/20/2030 |
|
|
101,105 |
|
|
100,701 |
|
|
|
|
|
|
|
|
67,514,354 |
|
|
Total Agency Mortgage-Backed Collateralized Mortgage Obligations (cost $74,159,701) |
|
|
|
|
69,879,497 |
|
|
|
AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES 25.5% |
|
|
|
|
|
|
|
|
FIXED-RATE 2.1% |
|
|
|
|
|
|
|
|
FHLMC: |
|
|
|
|
|
|
|
|
6.50%, 06/01/2017 |
|
|
2,288,775 |
|
|
2,390,351 |
|
|
8.50%, 04/01/2015-07/01/2028 |
|
|
414,061 |
|
|
438,521 |
|
|
FNMA: |
|
|
|
|
|
|
|
|
5.18%, 07/01/2038 |
|
|
315,495 |
|
|
316,007 |
|
|
5.53%, 07/01/2038 |
|
|
3,805,220 |
|
|
3,792,728 |
|
|
6.00%, 04/01/2033 |
|
|
439,006 |
|
|
450,749 |
|
|
6.50%, 11/01/2032 |
|
|
70,293 |
|
|
73,254 |
|
|
7.00%, 05/01/2032-08/01/2032 |
|
|
930,373 |
|
|
990,939 |
|
|
7.50%, 07/01/2017-07/01/2032 |
|
|
916,171 |
|
|
971,876 |
|
|
8.00%, 12/01/2024-06/01/2030 |
|
|
285,517 |
|
|
302,654 |
|
|
12.00%, 01/01/2016 |
|
|
45,270 |
|
|
48,040 |
|
|
|
1 |
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES continued |
|
|
|
|
|
|
|
|
FIXED-RATE continued |
|
|
|
|
|
|
|
|
GNMA: |
|
|
|
|
|
|
|
|
6.50%, 06/15/2028 |
|
$ |
102,716 |
|
$ |
107,030 |
|
|
7.25%, 07/15/2017-05/15/2018 |
|
|
906,474 |
|
|
955,442 |
|
|
|
|
|
|
|
|
10,837,591 |
|
|
FLOATING-RATE 23.4% |
|
|
|
|
|
|
|
|
FHLB: |
|
|
|
|
|
|
|
|
5.20%, 07/01/2033 |
|
|
308,962 |
|
|
314,089 |
|
|
5.23%, 12/01/2034 |
|
|
10,234,114 |
|
|
10,140,392 |
|
|
5.47%, 11/01/2030 |
|
|
612,755 |
|
|
619,961 |
|
|
5.52%, 06/01/2035 |
|
|
4,602,154 |
|
|
4,657,134 |
|
|
FHLMC: |
|
|
|
|
|
|
|
|
4.16%, 10/01/2030 |
|
|
25,039 |
|
|
24,670 |
|
|
4.92%, 12/01/2026 |
|
|
113,622 |
|
|
112,474 |
|
|
5.02%, 10/01/2037 |
|
|
4,281,290 |
|
|
4,365,674 |
|
|
5.07%, 05/01/2019-07/01/2035 |
|
|
1,480,944 |
|
|
1,494,385 |
|
|
5.29%, 06/01/2033 |
|
|
387,458 |
|
|
389,543 |
|
|
5.41%, 03/01/2032 |
|
|
1,169,508 |
|
|
1,187,815 |
|
|
5.46%, 09/01/2032 |
|
|
702,808 |
|
|
707,081 |
|
|
5.50%, 10/01/2022-10/01/2024 |
|
|
173,070 |
|
|
174,617 |
|
|
5.57%, 10/01/2030 |
|
|
482,266 |
|
|
486,057 |
|
|
5.72%, 10/01/2033 |
|
|
255,255 |
|
|
257,159 |
|
|
5.74%, 08/01/2030 |
|
|
577,543 |
|
|
587,953 |
|
|
5.875%, 02/01/2037 |
|
|
5,162,328 |
|
|
5,337,873 |
|
|
6.23%, 06/01/2018 |
|
|
70,094 |
|
|
73,013 |
|
|
6.96%, 01/01/2027 |
|
|
278,020 |
|
|
288,881 |
|
|
8.50%, 03/01/2030 |
|
|
125,340 |
|
|
134,998 |
|
|
FNMA: |
|
|
|
|
|
|
|
|
3.94%, 12/01/2017 |
|
|
1,087,596 |
|
|
1,075,992 |
|
|
4.02%, 04/01/2017-01/01/2038 |
|
|
8,142,907 |
|
|
8,105,481 |
|
|
4.04%, 02/01/2017 |
|
|
2,282,122 |
|
|
2,269,833 |
|
|
4.13%, 02/01/2035 |
|
|
1,321,276 |
|
|
1,319,596 |
|
|
4.42%, 10/01/2035 |
|
|
3,985,046 |
|
|
3,926,676 |
|
|
4.43%, 12/01/2035 |
|
|
5,488,022 |
|
|
5,497,134 |
|
|
4.47%, 08/01/2020 |
|
|
1,360,843 |
|
|
1,367,525 |
|
|
4.52%, 03/01/2034 |
|
|
34,653 |
|
|
34,771 |
|
|
4.57%, 01/01/2030 |
|
|
79,885 |
|
|
81,934 |
|
|
4.68%, 02/01/2035 |
|
|
8,307,736 |
|
|
8,239,945 |
|
|
4.72%, 12/01/2026 |
|
|
132,301 |
|
|
133,339 |
|
|
4.74%, 08/01/2036 |
|
|
6,785,190 |
|
|
6,772,981 |
|
|
4.83%, 07/01/2038 |
|
|
2,449,224 |
|
|
2,488,852 |
|
|
4.85%, 12/01/2009-06/01/2031 |
|
|
1,139,985 |
|
|
1,141,503 |
|
|
4.86%, 03/01/2034 |
|
|
975,251 |
|
|
977,528 |
|
|
4.875%, 04/01/2019 |
|
|
68,523 |
|
|
68,253 |
|
|
4.92%, 04/01/2036 |
|
|
5,053,622 |
|
|
5,044,728 |
|
|
4.93%, 10/01/2029 |
|
|
143,697 |
|
|
142,926 |
|
|
4.95%, 01/01/2034-04/01/2034 |
|
|
5,134,501 |
|
|
5,148,064 |
|
|
4.98%, 03/01/2033 |
|
|
171,800 |
|
|
174,689 |
|
|
5.08%, 01/01/2036 |
|
|
4,073,589 |
|
|
3,989,397 |
|
|
5.11%, 12/01/2022 |
|
|
15,363 |
|
|
16,225 |
|
|
5.12%, 12/01/2031 |
|
|
102,019 |
|
|
102,926 |
|
|
5.13%, 12/01/2036 |
|
|
63,689 |
|
|
64,084 |
|
|
5.15%, 01/01/2015 |
|
|
46,675 |
|
|
47,307 |
|
|
5.22%, 01/01/2028-07/01/2048 |
|
|
2,602,566 |
|
|
2,609,638 |
|
|
5.23%, 04/01/2028 |
|
|
116,230 |
|
|
108,565 |
|
|
5.25%, 01/01/2017 |
|
|
89,318 |
|
|
89,900 |
|
|
2 |
|
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES continued |
|
|
|
|
|
|
|
|
FLOATING-RATE continued |
|
|
|
|
|
|
|
|
FNMA: |
|
|
|
|
|
|
|
|
5.26%, 02/01/2035 |
|
$ |
520,484 |
|
$ |
524,769 |
|
|
5.29%, 07/01/2038 |
|
|
3,557,808 |
|
|
3,548,130 |
|
|
5.30%, 07/01/2030-02/01/2038 |
|
|
575,905 |
|
|
576,301 |
|
|
5.32%, 12/01/2034 |
|
|
1,726,548 |
|
|
1,718,394 |
|
|
5.37%, 06/01/2024 |
|
|
219,146 |
|
|
220,128 |
|
|
5.39%, 12/01/2029 |
|
|
75,470 |
|
|
76,218 |
|
|
5.43%, 05/01/2027 |
|
|
1,121,592 |
|
|
1,133,549 |
|
|
5.45%, 07/01/2026 |
|
|
43,203 |
|
|
43,693 |
|
|
5.46%, 01/01/2028 |
|
|
735,738 |
|
|
748,150 |
|
|
5.50%, 06/01/2033 |
|
|
696,960 |
|
|
712,867 |
|
|
5.52%, 12/01/2028 |
|
|
54,609 |
|
|
54,626 |
|
|
5.56%, 01/01/2026 |
|
|
436,284 |
|
|
440,249 |
|
|
5.57%, 10/01/2034 |
|
|
306,439 |
|
|
297,916 |
|
|
5.61%, 01/01/2033 |
|
|
754,942 |
|
|
757,695 |
|
|
5.62%, 08/01/2028 |
|
|
80,723 |
|
|
81,697 |
|
|
5.73%, 09/01/2032 |
|
|
213,646 |
|
|
213,744 |
|
|
5.75%, 12/01/2016 |
|
|
11,666 |
|
|
11,815 |
|
|
5.83%, 09/01/2027 |
|
|
331,531 |
|
|
336,848 |
|
|
5.86%, 04/01/2031 |
|
|
753,569 |
|
|
761,670 |
|
|
5.91%, 08/01/2030-12/01/2032 |
|
|
1,384,560 |
|
|
1,403,228 |
|
|
5.92%, 07/01/2033 |
|
|
260,892 |
|
|
263,146 |
|
|
5.93%, 09/01/2024-08/01/2027 |
|
|
346,966 |
|
|
350,329 |
|
|
5.99%, 05/01/2021 |
|
|
7,811 |
|
|
8,272 |
|
|
6.00%, 08/01/2021 |
|
|
10,996 |
|
|
11,817 |
|
|
6.07%, 04/01/2033 |
|
|
182,310 |
|
|
185,502 |
|
|
6.10%, 12/01/2013 |
|
|
472,305 |
|
|
485,001 |
|
|
6.14%, 12/01/2020 |
|
|
128,697 |
|
|
138,793 |
|
|
6.29%, 06/01/2029 |
|
|
396,476 |
|
|
400,492 |
|
|
6.36%, 04/01/2025 |
|
|
152,491 |
|
|
156,424 |
|
|
6.45%, 05/01/2030 |
|
|
256,996 |
|
|
260,206 |
|
|
6.47%, 11/01/2024 |
|
|
321,929 |
|
|
328,837 |
|
|
6.58%, 09/01/2037 |
|
|
4,312,556 |
|
|
4,461,303 |
|
|
6.67%, 09/01/2032 |
|
|
5,118,853 |
|
|
5,318,808 |
|
|
GNMA: |
|
|
|
|
|
|
|
|
4.625%, 09/20/2030 |
|
|
315,054 |
|
|
319,288 |
|
|
5.00%, 11/20/2030-10/20/2031 |
|
|
880,492 |
|
|
883,879 |
|
|
5.125%, 10/20/2029-11/20/2030 |
|
|
1,782,649 |
|
|
1,806,574 |
|
|
5.25%, 02/20/2029 |
|
|
514,795 |
|
|
521,911 |
|
|
5.375%, 01/20/2027-03/20/2028 |
|
|
352,852 |
|
|
357,055 |
|
|
5.50%, 02/20/2031 |
|
|
435,001 |
|
|
434,158 |
|
|
|
|
|
|
|
|
122,747,043 |
|
|
Total Agency Mortgage-Backed Pass Through Securities (cost $135,400,303) |
|
|
133,584,634 |
|
|||
|
AGENCY REPERFORMING MORTGAGE-BACKED PASS THROUGH SECURITIES 1.7% |
|
|
|
|
|
|
|
|
FIXED-RATE 0.1% |
|
|
|
|
|
|
|
|
FNMA, Ser. 2001-T10, Class A2, 7.50%, 12/25/2041 |
|
|
351,676 |
|
|
363,132 |
|
|
FLOATING-RATE 1.6% |
|
|
|
|
|
|
|
|
FNMA: |
|
|
|
|
|
|
|
|
Ser. 2002-T06, Class A4, 5.54%, 03/25/2041 |
|
|
2,774,389 |
|
|
2,638,297 |
|
|
Ser. 2004-T03, Class 2A, 5.67%, 08/25/2043 |
|
|
1,237,635 |
|
|
1,189,133 |
|
|
Ser. 2005-W4, Class 3A, 5.60%, 06/25/2035 |
|
|
4,728,888 |
|
|
4,729,691 |
|
|
|
|
|
|
|
|
8,557,121 |
|
|
Total Agency Reperforming Mortgage-Backed Pass Through Securities (cost $9,258,729) |
|
|
8,920,253 |
|
|||
|
|
3 |
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
COMMERCIAL MORTGAGE-BACKED SECURITIES 0.2% |
|
|
|
|
|
|
|
|
FLOATING-RATE 0.2% |
|
|
|
|
|
|
|
|
Goldman Sachs Mtge. Securities Corp., Ser. 2007-GG10, Class A4, 5.99%, 08/10/2045 (cost $810,139) |
|
$ |
1,615,000 |
|
$ |
970,195 |
|
|
CORPORATE BONDS 53.3% |
|
|
|
|
|
|
|
|
CONSUMER DISCRETIONARY 8.7% |
|
|
|
|
|
|
|
|
Auto Components 0.7% |
|
|
|
|
|
|
|
|
Cooper Standard Automotive, Inc.: |
|
|
|
|
|
|
|
|
7.00%, 12/15/2012 |
|
|
300,000 |
|
|
94,500 |
|
|
8.375%, 12/15/2014 |
|
|
670,000 |
|
|
123,950 |
|
|
Cooper Tire & Rubber Co., 7.625%, 03/15/2027 |
|
|
5,185,000 |
|
|
2,048,075 |
|
|
Goodyear Tire & Rubber Co.: |
|
|
|
|
|
|
|
|
7.86%, 08/15/2011 |
|
|
970,000 |
|
|
916,650 |
|
|
9.00%, 07/01/2015 |
|
|
490,000 |
|
|
454,475 |
|
|
|
|
|
|
|
|
3,637,650 |
|
|
Automobiles 0.9% |
|
|
|
|
|
|
|
|
Ford Motor Co.: |
|
|
|
|
|
|
|
|
7.70%, 05/15/2097 |
|
|
6,085,000 |
|
|
1,004,025 |
|
|
FRN, 5.54%, 04/15/2009 |
|
|
3,850,000 |
|
|
3,681,563 |
|
|
|
|
|
|
|
|
4,685,588 |
|
|
Diversified Consumer Services 0.2% |
|
|
|
|
|
|
|
|
Carriage Services, Inc., 7.875%, 01/15/2015 |
|
|
850,000 |
|
|
714,000 |
|
|
Service Corporation International, 6.75%, 04/01/2015 |
|
|
45,000 |
|
|
41,400 |
|
|
|
|
|
|
|
|
755,400 |
|
|
Hotels, Restaurants & Leisure 1.7% |
|
|
|
|
|
|
|
|
Boyd Gaming Corp., 7.75%, 12/15/2012 |
|
|
95,000 |
|
|
84,550 |
|
|
Caesars Entertainment, Inc.: |
|
|
|
|
|
|
|
|
7.875%, 03/15/2010 |
|
|
1,570,000 |
|
|
887,050 |
|
|
8.125%, 05/15/2011 |
|
|
565,000 |
|
|
223,175 |
|
|
Fontainebleau Las Vegas Holdings, LLC, 10.25%, 06/15/2015 144A |
|
|
2,261,000 |
|
|
260,015 |
|
|
Inn of the Mountain Gods Resort & Casino, 12.00%, 11/15/2010 |
|
|
1,050,000 |
|
|
215,250 |
|
|
Isle of Capri Casinos, Inc., 7.00%, 03/01/2014 |
|
|
1,180,000 |
|
|
590,000 |
|
|
MGM MIRAGE, 8.50%, 09/15/2010 |
|
|
470,000 |
|
|
380,700 |
|
|
Pinnacle Entertainment, Inc., 8.75%, 10/01/2013 |
|
|
60,000 |
|
|
55,500 |
|
|
Pokagon Gaming Authority, 10.375%, 06/15/2014 144A |
|
|
1,320,000 |
|
|
1,161,600 |
|
|
Seneca Gaming Corp., 7.25%, 05/01/2012 |
|
|
1,185,000 |
|
|
953,925 |
|
|
Shingle Springs Tribal Gaming Authority, 9.375%, 06/15/2015 144A |
|
|
2,170,000 |
|
|
1,345,400 |
|
|
Six Flags, Inc.: |
|
|
|
|
|
|
|
|
8.875%, 02/01/2010 |
|
|
355,000 |
|
|
101,175 |
|
|
9.625%, 06/01/2014 |
|
|
344,000 |
|
|
70,520 |
|
|
12.25%, 07/15/2016 144A |
|
|
147,000 |
|
|
87,465 |
|
|
Trump Entertainment Resorts, Inc., 8.50%, 06/01/2015 • |
|
|
7,551,000 |
|
|
1,151,527 |
|
|
Universal City Development Partners, Ltd., 11.75%, 04/01/2010 |
|
|
2,000,000 |
|
|
1,545,000 |
|
|
|
|
|
|
|
|
9,112,852 |
|
|
Household Durables 2.2% |
|
|
|
|
|
|
|
|
Centex Corp., 5.80%, 09/15/2009 |
|
|
1,515,000 |
|
|
1,477,125 |
|
|
D.R. Horton, Inc.: |
|
|
|
|
|
|
|
|
4.875%, 01/15/2010 |
|
|
700,000 |
|
|
661,500 |
|
|
6.00%, 04/15/2011 |
|
|
150,000 |
|
|
131,250 |
|
|
9.75%, 09/15/2010 |
|
|
1,920,000 |
|
|
1,843,200 |
|
|
Hovnanian Enterprises, Inc.: |
|
|
|
|
|
|
|
|
6.00%, 01/15/2010 |
|
|
1,258,000 |
|
|
1,037,850 |
|
|
8.00%, 04/01/2012 ρ |
|
|
720,000 |
|
|
273,600 |
|
|
11.50%, 05/01/2013 |
|
|
190,000 |
|
|
157,225 |
|
|
4 |
|
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
CONSUMER DISCRETIONARY continued |
|
|
|
|
|
|
|
|
Household Durables continued |
|
|
|
|
|
|
|
|
Lennar Corp.: |
|
|
|
|
|
|
|
|
5.125%, 10/01/2010 |
|
$ |
2,255,000 |
|
$ |
1,866,012 |
|
|
7.625%, 03/01/2009 |
|
|
650,000 |
|
|
637,000 |
|
|
Libbey, Inc., FRN, 9.57%, 06/01/2011 |
|
|
1,995,000 |
|
|
887,775 |
|
|
Meritage Homes Corp.: |
|
|
|
|
|
|
|
|
6.25%, 03/15/2015 |
|
|
910,000 |
|
|
564,200 |
|
|
7.00%, 05/01/2014 |
|
|
1,205,000 |
|
|
789,275 |
|
|
Pulte Homes, Inc.: |
|
|
|
|
|
|
|
|
7.875%, 08/01/2011 |
|
|
575,000 |
|
|
540,500 |
|
|
8.125%, 03/01/2011 |
|
|
530,000 |
|
|
500,850 |
|
|
|
|
|
|
|
|
11,367,362 |
|
|
Internet & Catalog Retail 0.1% |
|
|
|
|
|
|
|
|
Ticketmaster Entertainment, Inc., 10.75%, 08/01/2016 144A |
|
|
1,045,000 |
|
|
632,225 |
|
|
Media 1.4% |
|
|
|
|
|
|
|
|
Charter Communications, Inc.: |
|
|
|
|
|
|
|
|
8.00%, 04/30/2012 144A |
|
|
280,000 |
|
|
239,400 |
|
|
10.875%, 09/15/2014 144A |
|
|
3,185,000 |
|
|
2,770,950 |
|
|
CSC Holdings, Inc.: |
|
|
|
|
|
|
|
|
7.625%, 04/01/2011 |
|
|
830,000 |
|
|
830,000 |
|
|
8.50%, 04/15/2014 144A |
|
|
415,000 |
|
|
409,812 |
|
|
DirectTV Holdings, LLC, 7.625%, 05/15/2016 |
|
|
45,000 |
|
|
44,438 |
|
|
Idearc, Inc., 8.00%, 11/15/2016 |
|
|
4,730,000 |
|
|
171,462 |
|
|
Ion Media Networks, Inc., FRN, 11.00%, 01/15/2013 144A |
|
|
2,261,094 |
|
|
113,055 |
|
|
Lamar Media Corp.: |
|
|
|
|
|
|
|
|
6.625%, 08/15/2015 |
|
|
260,000 |
|
|
196,300 |
|
|
7.25%, 01/01/2013 |
|
|
180,000 |
|
|
148,950 |
|
|
Ser. B, 6.625%, 08/15/2015 |
|
|
80,000 |
|
|
60,400 |
|
|
Mediacom, LLC, 7.875%, 02/15/2011 |
|
|
590,000 |
|
|
557,550 |
|
|
R.H. Donnelley Corp., 11.75%, 05/15/2015 144A |
|
|
2,096,000 |
|
|
628,800 |
|
|
Sinclair Broadcast Group, Inc., 8.00%, 03/15/2012 |
|
|
882,000 |
|
|
628,425 |
|
|
Sirius Satellite Radio, Inc., 9.625%, 08/01/2013 |
|
|
1,320,000 |
|
|
297,000 |
|
|
XM Satellite Radio Holdings, Inc., 13.00%, 08/01/2013 144A |
|
|
1,280,000 |
|
|
326,400 |
|
|
Young Broadcasting, Inc.: |
|
|
|
|
|
|
|
|
8.75%, 01/15/2014 • |
|
|
2,121,000 |
|
|
15,908 |
|
|
10.00%, 03/01/2011 • |
|
|
1,540,000 |
|
|
11,550 |
|
|
|
|
|
|
|
|
7,450,400 |
|
|
Multiline Retail 0.2% |
|
|
|
|
|
|
|
|
Macy’s, Inc., 7.875%, 07/15/2015 |
|
|
525,000 |
|
|
403,009 |
|
|
Neiman Marcus Group, Inc., 9.00%, 10/15/2015 |
|
|
815,000 |
|
|
366,750 |
|
|
|
|
|
|
|
|
769,759 |
|
|
Specialty Retail 0.6% |
|
|
|
|
|
|
|
|
American Achievement Corp., 8.25%, 04/01/2012 144A |
|
|
2,995,000 |
|
|
2,410,975 |
|
|
AutoZone, Inc., 6.50%, 01/15/2014 |
|
|
45,000 |
|
|
44,006 |
|
|
Best Buy Co., Inc., 6.75%, 07/15/2013 |
|
|
395,000 |
|
|
359,156 |
|
|
Staples, Inc., 9.75%, 01/15/2014 |
|
|
430,000 |
|
|
457,788 |
|
|
|
|
|
|
|
|
3,271,925 |
|
|
Textiles, Apparel & Luxury Goods 0.7% |
|
|
|
|
|
|
|
|
AAC Group Holdings Corp., Step Bond, 10.25%, 10/01/2012 †† |
|
|
445,000 |
|
|
289,250 |
|
|
Oxford Industries, Inc., 8.875%, 06/01/2011 |
|
|
2,961,000 |
|
|
2,235,555 |
|
|
Visant Corp., 7.625%, 10/01/2012 |
|
|
1,495,000 |
|
|
1,352,975 |
|
|
|
|
|
|
|
|
3,877,780 |
|
|
|
5 |
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
CONSUMER STAPLES 0.8% |
|
|
|
|
|
|
|
|
Beverages 0.2% |
|
|
|
|
|
|
|
|
Anheuser-Busch InBev, 7.75%, 01/15/2019 144A |
|
$ |
1,000,000 |
|
$ |
1,016,171 |
|
|
Food Products 0.4% |
|
|
|
|
|
|
|
|
Dean Foods Co., 6.625%, 05/15/2009 |
|
|
25,000 |
|
|
25,000 |
|
|
Del Monte Foods Co.: |
|
|
|
|
|
|
|
|
6.75%, 02/15/2015 |
|
|
285,000 |
|
|
269,325 |
|
|
8.625%, 12/15/2012 |
|
|
1,119,000 |
|
|
1,141,380 |
|
|
Tyson Foods, Inc., 7.35%, 04/01/2016 |
|
|
795,000 |
|
|
657,303 |
|
|
|
|
|
|
|
|
2,093,008 |
|
|
Personal Products 0.0% |
|
|
|
|
|
|
|
|
Central Garden & Pet Co., 9.125%, 02/01/2013 |
|
|
220,000 |
|
|
155,100 |
|
|
Tobacco 0.2% |
|
|
|
|
|
|
|
|
Altria Group, Inc.: |
|
|
|
|
|
|
|
|
9.70%, 11/10/2018 |
|
|
750,000 |
|
|
822,049 |
|
|
9.95%, 11/10/2038 |
|
|
40,000 |
|
|
42,918 |
|
|
|
|
|
|
|
|
864,967 |
|
|
ENERGY 9.2% |
|
|
|
|
|
|
|
|
Energy Equipment & Services 1.1% |
|
|
|
|
|
|
|
|
Bristow Group, Inc., 7.50%, 09/15/2017 |
|
|
1,230,000 |
|
|
904,050 |
|
|
GulfMark Offshore, Inc., 7.75%, 07/15/2014 |
|
|
1,260,000 |
|
|
989,100 |
|
|
Hornbeck Offshore Services, Inc., Ser. B, 6.125%, 12/01/2014 |
|
|
3,215,000 |
|
|
2,306,763 |
|
|
Parker Drilling Co., 9.625%, 10/01/2013 |
|
|
934,000 |
|
|
695,830 |
|
|
PHI, Inc., 7.125%, 04/15/2013 |
|
|
1,970,000 |
|
|
1,270,650 |
|
|
|
|
|
|
|
|
6,166,393 |
|
|
Oil, Gas & Consumable Fuels 8.1% |
|
|
|
|
|
|
|
|
Chesapeake Energy Corp.: |
|
|
|
|
|
|
|
|
6.875%, 01/15/2016 |
|
|
5,365,000 |
|
|
4,627,312 |
|
|
9.50%, 02/15/2015 |
|
|
1,470,000 |
|
|
1,447,950 |
|
|
Delta Petroleum Corp., 7.00%, 04/01/2015 |
|
|
1,980,000 |
|
|
722,700 |
|
|
El Paso Corp.: |
|
|
|
|
|
|
|
|
6.75%, 05/15/2009 |
|
|
450,000 |
|
|
450,019 |
|
|
7.42%, 02/15/2037 |
|
|
1,670,000 |
|
|
1,219,100 |
|
|
12.00%, 12/12/2013 |
|
|
445,000 |
|
|
479,488 |
|
|
Encore Acquisition Co., 6.00%, 07/15/2015 |
|
|
1,760,000 |
|
|
1,416,800 |
|
|
Exco Resources, Inc., 7.25%, 01/15/2011 |
|
|
2,730,000 |
|
|
2,306,850 |
|
|
Ferrellgas Partners, LP, 6.75%, 05/01/2014 144A |
|
|
1,895,000 |
|
|
1,525,475 |
|
|
Forest Oil Corp.: |
|
|
|
|
|
|
|
|
7.25%, 06/15/2019 |
|
|
1,430,000 |
|
|
1,197,625 |
|
|
7.25%, 06/15/2019 144A |
|
|
1,045,000 |
|
|
875,187 |
|
|
Frontier Oil Corp., 6.625%, 10/01/2011 |
|
|
875,000 |
|
|
840,000 |
|
|
Inergy Holdings, LP, 8.75%, 03/01/2015 144A |
|
|
840,000 |
|
|
798,000 |
|
|
Newfield Exploration Co.: |
|
|
|
|
|
|
|
|
6.625%, 04/15/2016 |
|
|
1,335,000 |
|
|
1,188,150 |
|
|
7.125%, 05/15/2018 |
|
|
1,515,000 |
|
|
1,344,562 |
|
|
Peabody Energy Corp.: |
|
|
|
|
|
|
|
|
5.875%, 04/15/2016 |
|
|
2,800,000 |
|
|
2,534,000 |
|
|
7.875%, 11/01/2026 |
|
|
1,600,000 |
|
|
1,368,000 |
|
|
Petrohawk Energy Corp.: |
|
|
|
|
|
|
|
|
7.875%, 06/01/2015 144A |
|
|
2,980,000 |
|
|
2,510,650 |
|
|
10.50%, 08/01/2014 144A |
|
|
560,000 |
|
|
536,200 |
|
|
Plains Exploration & Production Co., 7.625%, 06/01/2018 |
|
|
2,235,000 |
|
|
1,922,100 |
|
|
Quicksilver Resources, Inc., 8.25%, 08/01/2015 |
|
|
640,000 |
|
|
518,400 |
|
|
Range Resources Corp.: |
|
|
|
|
|
|
|
|
7.25%, 05/01/2018 |
|
|
170,000 |
|
|
155,125 |
|
|
7.50%, 10/01/2017 |
|
|
195,000 |
|
|
181,838 |
|
|
6 |
|
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
ENERGY continued |
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels continued |
|
|
|
|
|
|
|
|
Sabine Pass LNG, LP: |
|
|
|
|
|
|
|
|
7.25%, 11/30/2013 |
|
$ |
1,560,000 |
|
$ |
1,166,100 |
|
|
7.50%, 11/30/2016 |
|
|
2,650,000 |
|
|
1,964,312 |
|
|
SandRidge Energy, Inc., 8.00%, 06/01/2018 144A |
|
|
350,000 |
|
|
278,250 |
|
|
Southwestern Energy Co., 7.50%, 02/01/2018 144A |
|
|
810,000 |
|
|
769,500 |
|
|
Stallion Oilfield Services, Ltd., 9.75%, 02/01/2015 144A |
|
|
865,000 |
|
|
185,975 |
|
|
Tennessee Gas Pipeline, 8.00%, 02/01/2016 144A |
|
|
430,000 |
|
|
428,925 |
|
|
Tesoro Corp.: |
|
|
|
|
|
|
|
|
6.50%, 06/01/2017 |
|
|
2,850,000 |
|
|
2,137,500 |
|
|
6.625%, 11/01/2015 |
|
|
95,000 |
|
|
75,169 |
|
|
Williams Cos.: |
|
|
|
|
|
|
|
|
7.50%, 01/15/2031 |
|
|
2,080,000 |
|
|
1,699,250 |
|
|
8.125%, 03/15/2012 |
|
|
3,560,000 |
|
|
3,542,200 |
|
|
|
|
|
|
|
|
42,412,712 |
|
|
FINANCIALS 10.5% |
|
|
|
|
|
|
|
|
Capital Markets 0.9% |
|
|
|
|
|
|
|
|
E*TRADE Financial Corp.: |
|
|
|
|
|
|
|
|
8.00%, 06/15/2011 |
|
|
45,000 |
|
|
20,925 |
|
|
12.50%, 11/30/2017 144A |
|
|
1,190,000 |
|
|
666,400 |
|
|
12.50%, 11/30/2017 |
|
|
417,812 |
|
|
233,975 |
|
|
Goldman Sachs Group, Inc.: |
|
|
|
|
|
|
|
|
6.15%, 04/01/2018 |
|
|
1,443,000 |
|
|
1,319,889 |
|
|
7.50%, 02/15/2019 |
|
|
565,000 |
|
|
560,180 |
|
|
Lehman Brothers Holdings, Inc., 6.875%, 05/02/2018 • |
|
|
215,000 |
|
|
31,175 |
|
|
Morgan Stanley: |
|
|
|
|
|
|
|
|
6.625%, 04/01/2018 |
|
|
1,760,000 |
|
|
1,613,274 |
|
|
FRN, 5.23%, 10/15/2015 |
|
|
405,000 |
|
|
277,762 |
|
|
|
|
|
|
|
|
4,723,580 |
|
|
Consumer Finance 7.0% |
|
|
|
|
|
|
|
|
CCH II Capital Corp., 10.25%, 09/15/2010 ρ |
|
|
3,065,000 |
|
|
1,854,325 |
|
|
Daimler Financial Services AG, 4.875%, 06/15/2010 |
|
|
1,000,000 |
|
|
979,619 |
|
|
Ford Motor Credit Co., LLC: |
|
|
|
|
|
|
|
|
5.70%, 01/15/2010 |
|
|
5,205,000 |
|
|
4,410,649 |
|
|
7.375%, 10/28/2009 |
|
|
1,000,000 |
|
|
896,453 |
|
|
9.75%, 09/15/2010 |
|
|
3,373,000 |
|
|
2,784,867 |
|
|
Fresenius U.S. Finance II, Inc., 9.00%, 07/15/2015 144A |
|
|
90,000 |
|
|
91,125 |
|
|
General Electric Capital Corp.: |
|
|
|
|
|
|
|
|
5.625%, 05/01/2018 |
|
|
440,000 |
|
|
406,465 |
|
|
5.875%, 01/14/2038 |
|
|
1,145,000 |
|
|
913,386 |
|
|
6.15%, 08/07/2037 |
|
|
540,000 |
|
|
444,701 |
|
|
6.875%, 01/10/2039 |
|
|
1,145,000 |
|
|
1,017,478 |
|
|
GMAC, LLC: |
|
|
|
|
|
|
|
|
5.625%, 05/15/2009 |
|
|
2,700,000 |
|
|
2,590,434 |
|
|
6.75%, 12/01/2014 144A |
|
|
248,000 |
|
|
161,353 |
|
|
6.875%, 09/15/2011 144A |
|
|
3,547,000 |
|
|
2,794,075 |
|
|
6.875%, 08/28/2012 144A |
|
|
2,464,000 |
|
|
1,763,214 |
|
|
7.00%, 02/01/2012 144A |
|
|
262,000 |
|
|
191,292 |
|
|
7.50%, 12/31/2013 144A |
|
|
655,000 |
|
|
386,751 |
|
|
7.75%, 01/19/2010 |
|
|
2,110,000 |
|
|
1,826,112 |
|
|
8.00%, 12/31/2018 144A |
|
|
972,000 |
|
|
384,280 |
|
|
8.00%, 11/01/2031 144A |
|
|
2,259,000 |
|
|
1,355,567 |
|
|
FRN, 3.40%, 05/15/2009 |
|
|
4,640,000 |
|
|
4,344,200 |
|
|
HSBC Finance Corp., 5.00%, 06/30/2015 |
|
|
2,400,000 |
|
|
2,173,349 |
|
|
|
|
|
|
|
|
|
|
|
|
7 |
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
FINANCIALS continued |
|
|
|
|
|
|
|
|
Consumer Finance continued |
|
|
|
|
|
|
|
|
International Lease Finance Corp.: |
|
|
|
|
|
|
|
|
4.375%, 11/01/2009 |
|
$ |
300,000 |
|
$ |
273,856 |
|
|
4.75%, 07/01/2009 |
|
|
335,000 |
|
|
322,684 |
|
|
4.875%, 09/01/2010 |
|
|
1,205,000 |
|
|
1,001,043 |
|
|
5.00%, 04/15/2010 |
|
|
40,000 |
|
|
34,837 |
|
|
5.125%, 11/01/2010 |
|
|
35,000 |
|
|
28,599 |
|
|
5.75%, 06/15/2011 |
|
|
557,000 |
|
|
432,665 |
|
|
6.375%, 03/15/2009 |
|
|
456,000 |
|
|
451,218 |
|
|
Sprint Capital Corp., 6.875%, 11/15/2028 |
|
|
4,490,000 |
|
|
2,553,086 |
|
|
|
|
|
|
|
|
36,867,683 |
|
|
Diversified Financial Services 0.8% |
|
|
|
|
|
|
|
|
Leucadia National Corp.: |
|
|
|
|
|
|
|
|
7.125%, 03/15/2017 |
|
|
555,000 |
|
|
410,700 |
|
|
8.125%, 09/15/2015 |
|
|
4,440,000 |
|
|
3,618,600 |
|
|
|
|
|
|
|
|
4,029,300 |
|
|
Real Estate Investment Trusts (REITs) 1.5% |
|
|
|
|
|
|
|
|
Host Marriott Corp.: |
|
|
|
|
|
|
|
|
7.125%, 11/01/2013 |
|
|
850,000 |
|
|
739,500 |
|
|
Ser. O, 6.375%, 03/15/2015 |
|
|
235,000 |
|
|
189,175 |
|
|
Ser. Q, 6.75%, 06/01/2016 |
|
|
920,000 |
|
|
740,600 |
|
|
Omega Healthcare Investors, Inc.: |
|
|
|
|
|
|
|
|
7.00%, 04/01/2014 |
|
|
1,795,000 |
|
|
1,660,375 |
|
|
7.00%, 01/15/2016 |
|
|
2,540,000 |
|
|
2,273,300 |
|
|
Ventas, Inc.: |
|
|
|
|
|
|
|
|
6.75%, 04/01/2017 |
|
|
995,000 |
|
|
835,800 |
|
|
7.125%, 06/01/2015 |
|
|
1,010,000 |
|
|
896,375 |
|
|
9.00%, 05/01/2012 |
|
|
525,000 |
|
|
525,000 |
|
|
|
|
|
|
|
|
7,860,125 |
|
|
Thrifts & Mortgage Finance 0.3% |
|
|
|
|
|
|
|
|
Residential Capital, LLC, 8.50%, 05/15/2010 144A ρ |
|
|
2,095,000 |
|
|
1,487,450 |
|
|
HEALTH CARE 2.5% |
|
|
|
|
|
|
|
|
Health Care Equipment & Supplies 0.1% |
|
|
|
|
|
|
|
|
Biomet, Inc., 11.625%, 10/15/2017 |
|
|
695,000 |
|
|
649,825 |
|
|
Health Care Providers & Services 2.4% |
|
|
|
|
|
|
|
|
HCA, Inc.: |
|
|
|
|
|
|
|
|
7.875%, 02/01/2011 |
|
|
1,185,000 |
|
|
1,128,712 |
|
|
8.75%, 09/01/2010 |
|
|
1,101,000 |
|
|
1,087,238 |
|
|
9.25%, 11/15/2016 |
|
|
3,540,000 |
|
|
3,389,550 |
|
|
9.625%, 11/15/2016 |
|
|
3,020,000 |
|
|
2,544,350 |
|
|
Humana, Inc., 7.20%, 06/15/2018 |
|
|
1,440,000 |
|
|
1,212,515 |
|
|
Omnicare, Inc., 6.125%, 06/01/2013 |
|
|
3,145,000 |
|
|
2,877,675 |
|
|
Symbion, Inc., 11.00%, 08/23/2015 |
|
|
323,224 |
|
|
132,522 |
|
|
|
|
|
|
|
|
12,372,562 |
|
|
INDUSTRIALS 4.7% |
|
|
|
|
|
|
|
|
Aerospace & Defense 1.9% |
|
|
|
|
|
|
|
|
Alliant Techsystems, Inc., 6.75%, 04/01/2016 |
|
|
815,000 |
|
|
786,475 |
|
|
DAE Aviation Holdings, 11.25%, 08/01/2015 144A |
|
|
55,000 |
|
|
19,525 |
|
|
L-3 Communications Holdings, Inc.: |
|
|
|
|
|
|
|
|
5.875%, 01/15/2015 |
|
|
8,070,000 |
|
|
7,424,400 |
|
|
6.375%, 10/15/2015 |
|
|
564,000 |
|
|
531,570 |
|
|
|
|
|
|
|
|
|
|
|
8 |
|
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
INDUSTRIALS continued |
|
|
|
|
|
|
|
|
Aerospace & Defense continued |
|
|
|
|
|
|
|
|
Sequa Corp.: |
|
|
|
|
|
|
|
|
11.75%, 12/01/2015 144A |
|
$ |
60,000 |
|
$ |
24,300 |
|
|
13.50%, 12/01/2015 144A |
|
|
776,765 |
|
|
275,751 |
|
|
Vought Aircraft Industries, Inc., 8.00%, 07/15/2011 |
|
|
1,685,000 |
|
|
1,036,275 |
|
|
|
|
|
|
|
|
10,098,296 |
|
|
Building Products 0.1% |
|
|
|
|
|
|
|
|
Ply Gem Industries, Inc., 11.75%, 06/15/2013 |
|
|
580,000 |
|
|
324,800 |
|
|
Commercial Services & Supplies 1.7% |
|
|
|
|
|
|
|
|
Allied Waste North America, Inc., 6.875%, 06/01/2017 |
|
|
320,000 |
|
|
310,884 |
|
|
Browning-Ferris Industries, Inc.: |
|
|
|
|
|
|
|
|
7.40%, 09/15/2035 |
|
|
2,770,000 |
|
|
2,527,600 |
|
|
9.25%, 05/01/2021 |
|
|
1,620,000 |
|
|
1,673,374 |
|
|
Corrections Corporation of America, 6.75%, 01/31/2014 |
|
|
205,000 |
|
|
197,825 |
|
|
Geo Group, Inc., 8.25%, 07/15/2013 |
|
|
150,000 |
|
|
132,750 |
|
|
Mobile Mini, Inc., 6.875%, 05/01/2015 |
|
|
1,690,000 |
|
|
1,208,350 |
|
|
Toll Corp., 8.25%, 02/01/2011 |
|
|
2,905,000 |
|
|
2,832,375 |
|
|
|
|
|
|
|
|
8,883,158 |
|
|
Machinery 0.5% |
|
|
|
|
|
|
|
|
Commercial Vehicle Group, Inc., 8.00%, 07/01/2013 |
|
|
6,370,000 |
|
|
2,898,350 |
|
|
Road & Rail 0.2% |
|
|
|
|
|
|
|
|
Kansas City Southern, 13.00%, 12/15/2013 |
|
|
1,135,000 |
|
|
1,180,400 |
|
|
Trading Companies & Distributors 0.3% |
|
|
|
|
|
|
|
|
United Rentals, Inc., 6.50%, 02/15/2012 |
|
|
1,680,000 |
|
|
1,386,000 |
|
|
INFORMATION TECHNOLOGY 2.2% |
|
|
|
|
|
|
|
|
Communications Equipment 0.3% |
|
|
|
|
|
|
|
|
EchoStar Corp.: |
|
|
|
|
|
|
|
|
6.625%, 10/01/2014 |
|
|
1,090,000 |
|
|
994,625 |
|
|
7.125%, 02/01/2016 |
|
|
280,000 |
|
|
259,000 |
|
|
7.75%, 05/31/2015 |
|
|
595,000 |
|
|
559,300 |
|
|
|
|
|
|
|
|
1,812,925 |
|
|
Electronic Equipment, Instruments & Components 1.3% |
|
|
|
|
|
|
|
|
Da-Lite Screen Co., Inc., 9.50%, 05/15/2011 |
|
|
2,330,000 |
|
|
2,085,350 |
|
|
Jabil Circuit, Inc., 8.25%, 03/15/2018 |
|
|
5,985,000 |
|
|
4,608,450 |
|
|
Sanmina-SCI Corp., 8.125%, 03/01/2016 |
|
|
795,000 |
|
|
345,825 |
|
|
|
|
|
|
|
|
7,039,625 |
|
|
IT Services 0.3% |
|
|
|
|
|
|
|
|
iPayment, Inc., 9.75%, 05/15/2014 |
|
|
1,155,000 |
|
|
698,775 |
|
|
Unisys Corp., 6.875%, 03/15/2010 |
|
|
979,000 |
|
|
621,665 |
|
|
|
|
|
|
|
|
1,320,440 |
|
|
Semiconductors & Semiconductor Equipment 0.3% |
|
|
|
|
|
|
|
|
Spansion, Inc.: |
|
|
|
|
|
|
|
|
11.25%, 01/15/2016 144A • |
|
|
935,000 |
|
|
37,400 |
|
|
FRN, 5.33%, 06/01/2013 144A • |
|
|
4,975,000 |
|
|
1,281,063 |
|
|
|
|
|
|
|
|
1,318,463 |
|
|
MATERIALS 5.4% |
|
|
|
|
|
|
|
|
Chemicals 1.7% |
|
|
|
|
|
|
|
|
Airgas, Inc., 7.125%, 10/01/2018 144A |
|
|
50,000 |
|
|
46,125 |
|
|
Huntsman, LLC: |
|
|
|
|
|
|
|
|
7.375%, 01/01/2015 |
|
|
395,000 |
|
|
203,425 |
|
|
11.625%, 10/15/2010 |
|
|
2,170,000 |
|
|
2,088,625 |
|
|
|
9 |
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
MATERIALS continued |
|
|
|
|
|
|
|
|
Chemicals continued |
|
|
|
|
|
|
|
|
Koppers Holdings, Inc., Sr. Disc. Note, Step Bond, 0.00%, 11/15/2014 † |
|
$ |
2,270,000 |
|
$ |
1,886,937 |
|
|
Lubrizol Corp., 8.875%, 02/01/2019 |
|
|
465,000 |
|
|
477,031 |
|
|
MacDermid, Inc., 9.50%, 04/15/2017 144A |
|
|
708,000 |
|
|
350,460 |
|
|
Momentive Performance Materials, Inc.: |
|
|
|
|
|
|
|
|
9.75%, 12/01/2014 |
|
|
745,000 |
|
|
331,525 |
|
|
10.875%, 12/01/2014 |
|
|
536,340 |
|
|
179,674 |
|
|
11.50%, 12/01/2016 |
|
|
255,000 |
|
|
63,750 |
|
|
Mosaic Co.: |
|
|
|
|
|
|
|
|
7.30%, 01/15/2028 |
|
|
1,385,000 |
|
|
1,193,927 |
|
|
7.625%, 12/01/2016 144A |
|
|
1,800,000 |
|
|
1,694,430 |
|
|
Tronox Worldwide, LLC, 9.50%, 12/01/2012 • |
|
|
3,790,000 |
|
|
549,550 |
|
|
|
|
|
|
|
|
9,065,459 |
|
|
Construction Materials 0.8% |
|
|
|
|
|
|
|
|
CPG International, Inc.: |
|
|
|
|
|
|
|
|
10.50%, 07/01/2013 |
|
|
3,950,000 |
|
|
2,231,750 |
|
|
FRN, 9.90%, 07/01/2012 |
|
|
880,000 |
|
|
488,400 |
|
|
CRH America, Inc., 8.125%, 07/15/2018 |
|
|
970,000 |
|
|
737,715 |
|
|
Texas Industries, Inc., 7.25%, 07/15/2013 144A |
|
|
957,000 |
|
|
727,320 |
|
|
|
|
|
|
|
|
4,185,185 |
|
|
Containers & Packaging 1.0% |
|
|
|
|
|
|
|
|
Berry Plastics Holdings Corp., 8.875%, 09/15/2014 |
|
|
626,000 |
|
|
309,870 |
|
|
Exopack Holding Corp., 11.25%, 02/01/2014 |
|
|
3,375,000 |
|
|
1,974,375 |
|
|
Graham Packaging Co., 8.50%, 10/15/2012 |
|
|
1,770,000 |
|
|
1,362,900 |
|
|
Graphic Packaging International, Inc., 8.50%, 08/15/2011 |
|
|
2,045,000 |
|
|
1,809,825 |
|
|
|
|
|
|
|
|
5,456,970 |
|
|
Metals & Mining 1.1% |
|
|
|
|
|
|
|
|
Freeport-McMoRan Copper & Gold, Inc.: |
|
|
|
|
|
|
|
|
6.875%, 02/01/2014 |
|
|
560,000 |
|
|
518,531 |
|
|
8.25%, 04/01/2015 |
|
|
810,000 |
|
|
690,301 |
|
|
8.375%, 04/01/2017 |
|
|
4,655,000 |
|
|
3,868,989 |
|
|
Indalex Holdings Corp., 11.50%, 02/01/2014 |
|
|
3,170,000 |
|
|
435,875 |
|
|
|
|
|
|
|
|
5,513,696 |
|
|
Paper & Forest Products 0.8% |
|
|
|
|
|
|
|
|
Georgia Pacific Corp.: |
|
|
|
|
|
|
|
|
8.125%, 05/15/2011 |
|
|
800,000 |
|
|
776,000 |
|
|
8.875%, 05/15/2031 |
|
|
65,000 |
|
|
49,725 |
|
|
International Paper Co., 7.95%, 06/15/2018 |
|
|
2,635,000 |
|
|
2,136,901 |
|
|
Verso Paper Holdings, LLC: |
|
|
|
|
|
|
|
|
9.125%, 08/01/2014 |
|
|
965,000 |
|
|
400,475 |
|
|
11.375%, 08/01/2016 |
|
|
2,023,000 |
|
|
576,555 |
|
|
|
|
|
|
|
|
3,939,656 |
|
|
TELECOMMUNICATION SERVICES 3.4% |
|
|
|
|
|
|
|
|
Diversified Telecommunication Services 1.6% |
|
|
|
|
|
|
|
|
Citizens Communications Co.: |
|
|
|
|
|
|
|
|
7.875%, 01/15/2027 |
|
|
710,000 |
|
|
529,838 |
|
|
9.25%, 05/15/2011 |
|
|
1,570,000 |
|
|
1,589,625 |
|
|
FairPoint Communications, Inc., 13.125%, 04/01/2018 144A |
|
|
390,000 |
|
|
220,350 |
|
|
Qwest Corp.: |
|
|
|
|
|
|
|
|
6.50%, 06/01/2017 |
|
|
1,035,000 |
|
|
874,575 |
|
|
7.50%, 06/15/2023 |
|
|
705,000 |
|
|
525,225 |
|
|
7.875%, 09/01/2011 |
|
|
465,000 |
|
|
462,675 |
|
|
8.875%, 03/15/2012 |
|
|
3,810,000 |
|
|
3,810,000 |
|
|
West Corp., 9.50%, 10/15/2014 |
|
|
725,000 |
|
|
496,625 |
|
|
|
|
|
|
|
|
8,508,913 |
|
|
10 |
|
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
TELECOMMUNICATION SERVICES continued |
|
|
|
|
|
|
|
|
Wireless Telecommunication Services 1.8% |
|
|
|
|
|
|
|
|
Centennial Communications Corp., 8.125%, 02/01/2014 |
|
$ |
2,675,000 |
|
$ |
2,755,250 |
|
|
Cricket Communications, Inc., 9.375%, 11/01/2014 |
|
|
590,000 |
|
|
539,850 |
|
|
MetroPCS Communications, Inc.: |
|
|
|
|
|
|
|
|
9.25%, 11/01/2014 144A |
|
|
870,000 |
|
|
802,575 |
|
|
9.25%, 11/01/2014 |
|
|
2,570,000 |
|
|
2,393,312 |
|
|
Sprint Nextel Corp.: |
|
|
|
|
|
|
|
|
6.90%, 05/01/2019 |
|
|
270,000 |
|
|
181,190 |
|
|
Ser. D, 7.375%, 08/01/2015 |
|
|
2,720,000 |
|
|
1,278,982 |
|
|
Ser. E, 6.875%, 10/31/2013 |
|
|
2,740,000 |
|
|
1,329,580 |
|
|
|
|
|
|
|
|
9,280,739 |
|
|
UTILITIES 5.9% |
|
|
|
|
|
|
|
|
Electric Utilities 4.6% |
|
|
|
|
|
|
|
|
Allegheny Energy Supply Co., 8.25%, 04/15/2012 144A |
|
|
3,735,000 |
|
|
3,763,013 |
|
|
Aquila, Inc., Step Bond, 11.875%, 07/01/2012 †† |
|
|
6,937,000 |
|
|
7,288,914 |
|
|
CMS Energy Corp., 8.50%, 04/15/2011 |
|
|
355,000 |
|
|
359,270 |
|
|
Edison Mission Energy, 7.00%, 05/15/2017 |
|
|
60,000 |
|
|
56,100 |
|
|
Energy Future Holdings Corp.: |
|
|
|
|
|
|
|
|
10.875%, 11/01/2017 |
|
|
315,000 |
|
|
250,425 |
|
|
11.25%, 11/01/2017 |
|
|
2,340,000 |
|
|
1,368,900 |
|
|
Mirant Mid-Atlantic, LLC, Ser. C, 10.06%, 12/30/2028 |
|
|
2,002,175 |
|
|
1,857,017 |
|
|
Mirant North America, LLC, 7.375%, 12/31/2013 |
|
|
1,790,000 |
|
|
1,736,300 |
|
|
NRG Energy, Inc., 7.375%, 02/01/2016 |
|
|
3,945,000 |
|
|
3,767,475 |
|
|
Orion Power Holdings, Inc., 12.00%, 05/01/2010 |
|
|
3,400,000 |
|
|
3,485,000 |
|
|
Public Service Company of New Mexico, 7.95%, 04/01/2015 |
|
|
420,000 |
|
|
374,202 |
|
|
|
|
|
|
|
|
24,306,616 |
|
|
Independent Power Producers & Energy Traders 1.2% |
|
|
|
|
|
|
|
|
AES Corp.: |
|
|
|
|
|
|
|
|
8.00%, 10/15/2017 |
|
|
110,000 |
|
|
103,950 |
|
|
8.00%, 06/01/2020 144A |
|
|
545,000 |
|
|
498,675 |
|
|
Dynegy Holdings, Inc., 7.50%, 06/01/2015 |
|
|
160,000 |
|
|
128,000 |
|
|
Reliant Energy, Inc.: |
|
|
|
|
|
|
|
|
6.75%, 12/15/2014 |
|
|
5,245,000 |
|
|
4,864,738 |
|
|
7.625%, 06/15/2014 |
|
|
580,000 |
|
|
477,050 |
|
|
7.875%, 06/15/2017 |
|
|
290,000 |
|
|
236,350 |
|
|
|
|
|
|
|
|
6,308,763 |
|
|
Multi-Utilities 0.1% |
|
|
|
|
|
|
|
|
PNM Resources, Inc., 9.25%, 05/15/2015 |
|
|
400,000 |
|
|
362,000 |
|
|
Total Corporate Bonds (cost $353,576,956) |
|
|
|
|
|
279,450,271 |
|
|
FOREIGN BONDS – CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED) 13.1% |
|
|
|
|
|
|
|
|
CONSUMER DISCRETIONARY 0.4% |
|
|
|
|
|
|
|
|
Media 0.1% |
|
|
|
|
|
|
|
|
Central European Media Enterprises, Ltd.: |
|
|
|
|
|
|
|
|
8.25%, 05/15/2012 EUR |
|
|
500,000 |
|
|
470,584 |
|
|
Class A, FRN, 5.93%, 05/15/2014 EUR |
|
|
250,000 |
|
|
184,072 |
|
|
|
|
|
|
|
|
654,656 |
|
|
Multiline Retail 0.3% |
|
|
|
|
|
|
|
|
Marks & Spencer Group plc, 6.375%, 11/07/2011 GBP |
|
|
1,000,000 |
|
|
1,427,202 |
|
|
CONSUMER STAPLES 1.1% |
|
|
|
|
|
|
|
|
Beverages 0.2% |
|
|
|
|
|
|
|
|
Canandaigua Brands, Inc., 8.50%, 11/15/2009 GBP |
|
|
750,000 |
|
|
1,091,009 |
|
|
|
11 |
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
FOREIGN BONDS – CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED) continued |
|
|
|
|
|
|
|
|
CONSUMER STAPLES continued |
|
|
|
|
|
|
|
|
Food & Staples Retailing 0.4% |
|
|
|
|
|
|
|
|
Koninklijke Ahold NV, 5.875%, 03/14/2012 EUR |
|
|
1,000,000 |
|
$ |
$1,219,676 |
|
|
Tesco plc, 3.875%, 03/24/2011 EUR |
|
|
620,000 |
|
|
796,881 |
|
|
|
|
|
|
|
|
2,016,557 |
|
|
Tobacco 0.5% |
|
|
|
|
|
|
|
|
British American Tobacco plc, 5.50%, 09/15/2016 GBP |
|
|
2,000,000 |
|
|
2,768,595 |
|
|
FINANCIALS 8.2% |
|
|
|
|
|
|
|
|
Capital Markets 0.1% |
|
|
|
|
|
|
|
|
Morgan Stanley, 5.375%, 11/14/2013 GBP |
|
|
560,000 |
|
|
684,568 |
|
|
Commercial Banks 5.4% |
|
|
|
|
|
|
|
|
Bank Nederlandse Gemeenten NV, 4.875%, 04/21/2010 GBP |
|
|
2,695,000 |
|
|
4,016,505 |
|
|
Eurofima: |
|
|
|
|
|
|
|
|
6.25%, 12/28/2018 AUD |
|
|
2,450,000 |
|
|
1,690,082 |
|
|
6.50%, 08/22/2011 AUD |
|
|
5,000,000 |
|
|
3,376,609 |
|
|
European Investment Bank: |
|
|
|
|
|
|
|
|
5.75%, 09/15/2009 AUD |
|
|
5,470,000 |
|
|
3,529,474 |
|
|
6.125%, 01/23/2017 AUD |
|
|
8,530,000 |
|
|
5,831,715 |
|
|
Instituto de Credito Oficial, 4.375%, 05/23/2012 EUR |
|
|
3,800,000 |
|
|
5,050,420 |
|
|
Kreditanstalt fur Wiederaufbau, 5.25%, 01/12/2012 GBP |
|
|
530,000 |
|
|
818,716 |
|
|
Landwirtschaftliche Rentenbank, 5.75%, 01/21/2015 AUD |
|
|
5,330,000 |
|
|
3,551,049 |
|
|
Rabobank Australia, Ltd., 6.25%, 11/22/2011 NZD |
|
|
725,000 |
|
|
394,164 |
|
|
|
|
|
|
|
|
28,258,734 |
|
|
Consumer Finance 1.9% |
|
|
|
|
|
|
|
|
ABB International Finance, Ltd., 6.50%, 11/30/2011 EUR |
|
|
2,660,000 |
|
|
3,500,681 |
|
|
HSBC Finance Corp., 7.00%, 03/27/2012 GBP |
|
|
370,000 |
|
|
551,933 |
|
|
Total Capital SA, 5.50%, 01/29/2013 GBP |
|
|
1,000,000 |
|
|
1,528,693 |
|
|
Toyota Motor Credit Corp., 8.50%, 12/21/2010 NZD |
|
|
5,460,000 |
|
|
2,966,086 |
|
|
Virgin Media Finance plc, 8.75%, 04/15/2014 EUR |
|
|
940,000 |
|
|
987,009 |
|
|
Wind Acquisition Finance SpA, 9.75%, 12/01/2015 EUR |
|
|
500,000 |
|
|
569,823 |
|
|
|
|
|
|
|
|
10,104,225 |
|
|
Diversified Financial Services 0.2% |
|
|
|
|
|
|
|
|
Dubai Holding Commercial Operations Group, LLC, 6.00%, 02/01/2017 GBP |
|
|
1,000,000 |
|
|
927,673 |
|
|
Insurance 0.6% |
|
|
|
|
|
|
|
|
AIG SunAmerica, Inc., 5.625%, 02/01/2012 GBP |
|
|
2,000,000 |
|
|
2,198,330 |
|
|
Travelers Insurance Co., 6.00%, 04/07/2009 AUD |
|
|
1,000,000 |
|
|
636,012 |
|
|
|
|
|
|
|
|
2,834,342 |
|
|
INDUSTRIALS 0.7% |
|
|
|
|
|
|
|
|
Aerospace & Defense 0.3% |
|
|
|
|
|
|
|
|
Bombardier, Inc., 7.25%, 11/15/2016 EUR |
|
|
1,430,000 |
|
|
1,364,180 |
|
|
Commercial Services & Supplies 0.1% |
|
|
|
|
|
|
|
|
Iron Mountain, Inc., 6.75%, 10/15/2018 EUR |
|
|
600,000 |
|
|
630,006 |
|
|
Machinery 0.3% |
|
|
|
|
|
|
|
|
Harsco Corp., 7.25%, 10/27/2010 GBP |
|
|
1,000,000 |
|
|
1,504,529 |
|
|
Savcio Holdings, Ltd., 8.00%, 02/15/2013 EUR |
|
|
250,000 |
|
|
208,081 |
|
|
|
|
|
|
|
|
1,712,610 |
|
|
MATERIALS 0.4% |
|
|
|
|
|
|
|
|
Chemicals 0.1% |
|
|
|
|
|
|
|
|
Rockwood Specialties Group, Inc., 7.625%, 11/15/2014 EUR |
|
|
800,000 |
|
|
706,836 |
|
|
Containers & Packaging 0.2% |
|
|
|
|
|
|
|
|
Owens-Illinois European Group BV, 6.875%, 03/31/2017 EUR |
|
|
900,000 |
|
|
962,296 |
|
|
12 |
|
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
FOREIGN BONDS – CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED) continued |
|
|
|
|
|
|
|
|
MATERIALS continued |
|
|
|
|
|
|
|
|
Metals & Mining 0.1% |
|
|
|
|
|
|
|
|
New World Resources NV, 7.375%, 05/15/2015 EUR |
|
|
1,000,000 |
|
$ |
614,640 |
|
|
TELECOMMUNICATION SERVICES 1.9% |
|
|
|
|
|
|
|
|
Diversified Telecommunication Services 1.9% |
|
|
|
|
|
|
|
|
Deutsche Telekom AG, 6.25%, 12/09/2010 GBP |
|
|
2,700,000 |
|
|
4,021,232 |
|
|
France Telecom: |
|
|
|
|
|
|
|
|
4.75%, 02/21/2017 EUR |
|
|
2,000,000 |
|
|
2,421,779 |
|
|
7.25%, 01/28/2013 EUR |
|
|
1,850,000 |
|
|
2,567,682 |
|
|
Nordic Telephone Co., 8.25%, 05/01/2016 EUR |
|
|
900,000 |
|
|
945,009 |
|
|
|
|
|
|
|
|
9,955,702 |
|
|
UTILITIES 0.4% |
|
|
|
|
|
|
|
|
Multi-Utilities 0.4% |
|
|
|
|
|
|
|
|
Veolia Environnement SA, 4.00%, 02/12/2016 EUR |
|
|
2,000,000 |
|
|
2,251,700 |
|
|
Total Foreign Bonds – Corporate (Principal Amount Denominated in Currency Indicated) (cost $87,829,925) |
|
|
|
|
|
68,965,531 |
|
|
FOREIGN BONDS – GOVERNMENT (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED) 20.7% |
|
|
|
|
|
|
|
|
Australia: |
|
|
|
|
|
|
|
|
5.25%, 03/15/2019 AUD |
|
|
2,300,000 |
|
|
1,599,808 |
|
|
Ser. 17RG, 5.50%, 03/01/2017 AUD |
|
|
3,100,000 |
|
|
2,068,955 |
|
|
Caisse d’Amortissement de la Dette Sociale, 4.125%, 04/25/2017 EUR |
|
|
4,880,000 |
|
|
6,396,262 |
|
|
Canada, 4.25%, 06/01/2018 CAD |
|
|
9,800,000 |
|
|
8,718,607 |
|
|
France: |
|
|
|
|
|
|
|
|
2.25%, 07/25/2020 EUR |
|
|
7,357,812 |
|
|
9,457,715 |
|
|
4.25%, 04/25/2019 EUR |
|
|
9,450,000 |
|
|
12,465,912 |
|
|
Germany, 4.25%, 07/04/2039 EUR |
|
|
3,950,000 |
|
|
5,375,772 |
|
|
Korea: |
|
|
|
|
|
|
|
|
5.25%, 09/10/2015 KRW |
|
|
2,850,000,000 |
|
|
2,150,176 |
|
|
5.25%, 03/10/2027 KRW |
|
|
6,285,000,000 |
|
|
4,671,291 |
|
|
Malaysia, 3.83%, 09/28/2011 MYR |
|
|
27,000,000 |
|
|
7,715,563 |
|
|
Mexico, 10.00%, 12/05/2024 MXN |
|
|
60,940,000 |
|
|
5,055,490 |
|
|
Netherlands: |
|
|
|
|
|
|
|
|
4.00%, 07/15/2018 EUR |
|
|
10,520,000 |
|
|
13,514,774 |
|
|
4.00%, 01/15/2037 EUR |
|
|
3,650,000 |
|
|
4,520,028 |
|
|
New Zealand, 6.00%, 12/15/2017 NZD |
|
|
12,500,000 |
|
|
7,119,977 |
|
|
Norway, 4.25%, 05/19/2017 NOK |
|
|
59,780,000 |
|
|
9,115,233 |
|
|
Sweden: |
|
|
|
|
|
|
|
|
3.75%, 08/12/2017 SEK |
|
|
29,000,000 |
|
|
3,656,080 |
|
|
4.50%, 08/12/2015 SEK |
|
|
37,000,000 |
|
|
4,887,655 |
|
|
Total Foreign Bonds – Government (Principal Amount Denominated in Currency Indicated) (cost $120,693,273) |
|
|
|
|
|
108,489,298 |
|
|
WHOLE LOAN MORTGAGE-BACKED PASS THROUGH SECURITIES 2.0% |
|
|
|
|
|
|
|
|
FIXED-RATE 0.5% |
|
|
|
|
|
|
|
|
Countrywide Alternative Loan Trust, Inc., Ser. 2005-50CB, Class 1A1, 5.50%, 11/25/2035 |
|
$ |
722,840 |
|
|
418,892 |
|
|
Greenwich Capital Comml. Funding Corp., Ser. 2007-GG11, Class AM, 5.87%, 08/10/2017 |
|
|
4,065,000 |
|
|
1,931,941 |
|
|
|
|
|
|
|
|
2,350,833 |
|
|
FLOATING-RATE 1.5% |
|
|
|
|
|
|
|
|
American Home Mtge. Assets: |
|
|
|
|
|
|
|
|
Ser. 2006-2, Class 1A1, 3.44%, 09/25/2046 |
|
|
3,983,123 |
|
|
1,692,136 |
|
|
Ser. 2007-1, Class A1, 3.18%, 02/25/2047 |
|
|
822,448 |
|
|
278,149 |
|
|
Banc of America Comml. Mtge., Inc., Ser. 2007-04, Class A4, FRN, 5.94%, 02/10/2051 |
|
|
3,654,000 |
|
|
2,538,889 |
|
|
Bear Stearns Securities Trust, Ser. 2007, Class AM, 5.92%, 06/11/2050 |
|
|
3,990,000 |
|
|
1,903,647 |
|
|
|
13 |
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
WHOLE LOAN MORTGAGE-BACKED PASS THROUGH SECURITIES continued |
|
|
|
|
|||
|
FLOATING-RATE continued |
|
|
|
|
|
|
|
|
Lehman XS Trust, Ser. 2006-18N, Class A5A, 1.57%, 12/25/2036 |
|
$ |
4,135,000 |
|
$ |
706,201 |
|
|
MASTR Adjustable Rate Mtge. Trust, Ser. 2006-OA2, Class 4A1B, 3.87%, 12/25/2046 |
|
|
1,517,280 |
|
|
487,896 |
|
|
Washington Mutual, Inc. Mtge. Pass-Through Cert., Ser. 2006-AR09, Class 2A, 3.50%, 11/25/2046 |
|
|
1,361,977 |
|
|
458,302 |
|
|
|
|
|
|
|
|
8,065,220 |
|
|
Total Whole Loan Mortgage-Backed Pass Through Securities |
|
|
|
|
|
10,416,053 |
|
|
YANKEE OBLIGATIONS – CORPORATE 8.6% |
|
|
|
|
|
|
|
|
CONSUMER DISCRETIONARY 0.0% |
|
|
|
|
|
|
|
|
Media 0.0% |
|
|
|
|
|
|
|
|
Videotron, Ltd., 9.125%, 04/15/2018 144A |
|
|
85,000 |
|
|
85,425 |
|
|
CONSUMER STAPLES 0.1% |
|
|
|
|
|
|
|
|
Food & Staples Retailing 0.1% |
|
|
|
|
|
|
|
|
Tesco plc, 5.50%, 11/15/2017 |
|
|
500,000 |
|
|
472,953 |
|
|
ENERGY 2.1% |
|
|
|
|
|
|
|
|
Energy Equipment & Services 0.6% |
|
|
|
|
|
|
|
|
Forbes Energy Services, Ltd., 11.00%, 02/15/2015 |
|
|
4,975,000 |
|
|
3,009,875 |
|
|
Oil, Gas & Consumable Fuels 1.5% |
|
|
|
|
|
|
|
|
Connacher Oil & Gas, Ltd., 10.25%, 12/15/2015 144A |
|
|
1,505,000 |
|
|
571,900 |
|
|
Griffin Coal Mining Co., Ltd.: |
|
|
|
|
|
|
|
|
9.50%, 12/01/2016 144A |
|
|
10,090,000 |
|
|
3,581,950 |
|
|
9.50%, 12/01/2016 |
|
|
2,034,000 |
|
|
736,023 |
|
|
OPTI Canada, Inc.: |
|
|
|
|
|
|
|
|
7.875%, 12/15/2014 |
|
|
3,505,000 |
|
|
1,577,250 |
|
|
8.25%, 12/15/2014 |
|
|
805,000 |
|
|
374,325 |
|
|
TransCanada Pipelines, Ltd.: |
|
|
|
|
|
|
|
|
7.125%, 01/15/2019 |
|
|
305,000 |
|
|
323,861 |
|
|
7.625%, 01/15/2039 |
|
|
875,000 |
|
|
913,407 |
|
|
|
|
|
|
|
|
8,078,716 |
|
|
FINANCIALS 1.8% |
|
|
|
|
|
|
|
|
Consumer Finance 0.5% |
|
|
|
|
|
|
|
|
Avago Technologies Finance, Ltd., FRN, 7.70%, 06/01/2013 |
|
|
944,000 |
|
|
788,240 |
|
|
KazMunaiGaz Finance Sub BV, 8.375%, 07/02/2013 144A |
|
|
700,000 |
|
|
570,500 |
|
|
Petroplus Finance, Ltd.: |
|
|
|
|
|
|
|
|
6.75%, 05/01/2014 144A |
|
|
685,000 |
|
|
513,750 |
|
|
7.00%, 05/01/2017 144A |
|
|
170,000 |
|
|
124,100 |
|
|
Virgin Media Finance plc: |
|
|
|
|
|
|
|
|
8.75%, 04/15/2014 |
|
|
295,000 |
|
|
252,225 |
|
|
9.125%, 08/15/2016 |
|
|
795,000 |
|
|
671,775 |
|
|
|
|
|
|
|
|
2,920,590 |
|
|
Diversified Financial Services 1.3% |
|
|
|
|
|
|
|
|
FMG Finance Property, Ltd.: |
|
|
|
|
|
|
|
|
10.625%, 09/01/2016 144A |
|
|
5,855,000 |
|
|
3,835,025 |
|
|
FRN: |
|
|
|
|
|
|
|
|
6.20%, 09/01/2011 144A |
|
|
645,000 |
|
|
457,950 |
|
|
6.20%, 09/01/2011 |
|
|
485,000 |
|
|
344,350 |
|
|
Preferred Term Securities XII, Ltd., FRN, 3.50%, 12/24/2033 • + |
|
|
635,000 |
|
|
4,286 |
|
|
Ship Finance International, Ltd., 8.50%, 12/15/2013 |
|
|
2,560,000 |
|
|
2,012,800 |
|
|
|
|
|
|
|
|
6,654,411 |
|
|
INDUSTRIALS 1.2% |
|
|
|
|
|
|
|
|
Road & Rail 1.2% |
|
|
|
|
|
|
|
|
Kansas City Southern de Mexico: |
|
|
|
|
|
|
|
|
7.375%, 06/01/2014 |
|
|
3,650,000 |
|
|
3,157,250 |
|
|
9.375%, 05/01/2012 |
|
|
3,550,000 |
|
|
3,399,125 |
|
|
|
|
|
|
|
|
6,556,375 |
|
|
14 |
|
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
YANKEE OBLIGATIONS – CORPORATE continued |
|
|
|
|
|
|
|
|
INFORMATION TECHNOLOGY 0.1% |
|
|
|
|
|
|
|
|
Electronic Equipment, Instruments & Components 0.1% |
|
|
|
|
|
|
|
|
Celestica, Inc., 7.875%, 07/01/2011 |
|
$ |
530,000 |
|
$ |
503,500 |
|
|
MATERIALS 1.7% |
|
|
|
|
|
|
|
|
Metals & Mining 1.6% |
|
|
|
|
|
|
|
|
Evraz Group SA: |
|
|
|
|
|
|
|
|
8.25%, 11/10/2015 144A |
|
|
985,000 |
|
|
605,775 |
|
|
8.875%, 04/24/2013 144A |
|
|
1,200,000 |
|
|
750,000 |
|
|
9.50%, 04/24/2018 144A |
|
|
1,635,000 |
|
|
989,175 |
|
|
Novelis, Inc., 7.25%, 02/15/2015 |
|
|
6,025,000 |
|
|
3,404,125 |
|
|
Vedanta Resources plc, 9.50%, 07/18/2018 144A |
|
|
4,575,000 |
|
|
2,630,625 |
|
|
|
|
|
|
|
|
8,379,700 |
|
|
Paper & Forest Products 0.1% |
|
|
|
|
|
|
|
|
Cascades, Inc., 7.25%, 02/15/2013 |
|
|
520,000 |
|
|
296,400 |
|
|
TELECOMMUNICATION SERVICES 1.6% |
|
|
|
|
|
|
|
|
Wireless Telecommunication Services 1.6% |
|
|
|
|
|
|
|
|
Inmarsat, plc, Sr. Disc. Note, Step Bond, 10.375%, 11/15/2012 † |
|
|
1,120,000 |
|
|
1,114,400 |
|
|
Intelsat, Ltd.: |
|
|
|
|
|
|
|
|
8.50%, 04/15/2013 144A |
|
|
2,495,000 |
|
|
2,351,537 |
|
|
8.875%, 01/15/2015 144A |
|
|
444,000 |
|
|
409,650 |
|
|
11.25%, 06/15/2016 |
|
|
240,000 |
|
|
230,700 |
|
|
Telesat Canada, Inc., 11.00%, 11/01/2015 144A |
|
|
2,405,000 |
|
|
1,851,850 |
|
|
Vimpel Communications: |
|
|
|
|
|
|
|
|
8.375%, 04/30/2013 144A |
|
|
45,000 |
|
|
33,075 |
|
|
9.125%, 04/30/2018 144A |
|
|
3,435,000 |
|
|
2,181,225 |
|
|
|
|
|
|
|
|
8,172,437 |
|
|
UTILITIES 0.0% |
|
|
|
|
|
|
|
|
Electric Utilities 0.0% |
|
|
|
|
|
|
|
|
InterGen NV, 9.00%, 06/30/2017 144A |
|
|
185,000 |
|
|
172,975 |
|
|
Total Yankee Obligations – Corporate (cost $64,791,209) |
|
|
|
|
|
45,303,357 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value |
|
|
COMMON STOCKS 0.3% |
|
|
|
|
|
|
|
|
ENERGY 0.1% |
|
|
|
|
|
|
|
|
Oil, Gas & Consumable Fuels 0.1% |
|
|
|
|
|
|
|
|
Alpha Natural Resources, Inc. * |
|
|
5,417 |
|
|
88,405 |
|
|
Chesapeake Energy Corp. |
|
|
2,129 |
|
|
33,660 |
|
|
Frontier Oil Corp. |
|
|
16,661 |
|
|
237,919 |
|
|
Newfield Exploration Co. * |
|
|
1,828 |
|
|
35,079 |
|
|
Pioneer Natural Resources Co. |
|
|
2,433 |
|
|
35,619 |
|
|
|
|
|
|
|
|
430,682 |
|
|
INDUSTRIALS 0.0% |
|
|
|
|
|
|
|
|
Construction & Engineering 0.0% |
|
|
|
|
|
|
|
|
KBR, Inc. |
|
|
13,737 |
|
|
194,516 |
|
|
INFORMATION TECHNOLOGY 0.1% |
|
|
|
|
|
|
|
|
Communications Equipment 0.0% |
|
|
|
|
|
|
|
|
Cisco Systems, Inc. * |
|
|
2,590 |
|
|
38,772 |
|
|
Software 0.1% |
|
|
|
|
|
|
|
|
Microsoft Corp. |
|
|
9,679 |
|
|
165,511 |
|
|
|
15 |
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
|
|
Value |
|
||
|
COMMON STOCKS continued |
|
|
|
|
|
|
|
|
MATERIALS 0.1% |
|
|
|
|
|
|
|
|
Chemicals 0.0% |
|
|
|
|
|
|
|
|
Mosaic Co. |
|
|
7,202 |
|
$ |
256,895 |
|
|
Metals & Mining 0.1% |
|
|
|
|
|
|
|
|
AK Steel Holding Corp. |
|
|
17,348 |
|
|
139,999 |
|
|
Freeport-McMoRan Copper & Gold, Inc. |
|
|
5,057 |
|
|
127,133 |
|
|
|
|
|
|
|
267,132 |
|
|
|
TELECOMMUNICATION SERVICES 0.0% |
|
|
|
|
|
|
|
|
Wireless Telecommunication Services 0.0% |
|
|
|
|
|
|
|
|
Sprint Nextel Corp. * |
|
|
16,627 |
|
|
40,404 |
|
|
Total Common Stocks (cost $1,691,302) |
|
|
|
|
|
1,393,912 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal |
|
|
Value |
|
|
DEPOSITORY SHARES 0.0% |
|
|
|
|
|
|
|
|
FINANCIALS 0.0% |
|
|
|
|
|
|
|
|
Diversified Financial Services 0.0% |
|
|
|
|
|
|
|
|
JPMorgan Chase & Co., 7.90%, 12/31/2049 (cost $151,728) |
|
$ |
205,000 |
|
|
156,186 |
|
|
LOANS 4.8% |
|
|
|
|
|
|
|
|
CONSUMER DISCRETIONARY 2.0% |
|
|
|
|
|
|
|
|
Education Management, LLC, N/A, 06/01/2013 < |
|
|
625,000 |
|
|
484,725 |
|
|
Fontainebleau Resorts, LLC: |
|
|
|
|
|
|
|
|
N/A, 06/06/2014 < |
|
|
735,641 |
|
|
189,075 |
|
|
FRN, 5.44%, 06/06/2014 |
|
|
1,471,283 |
|
|
378,149 |
|
|
Ford Motor Co., FRN, 5.00%, 12/15/2013 < |
|
|
2,680,758 |
|
|
944,779 |
|
|
General Motors Corp., FRN, 2.78%, 11/29/2013 |
|
|
2,980,886 |
|
|
1,290,545 |
|
|
Greektown Casino, LLC, FRN, 5.00%, 12/03/2012 < |
|
|
760,000 |
|
|
303,392 |
|
|
Idearc, Inc., FRN: |
|
|
|
|
|
|
|
|
2.42%-3.46%, 11/17/2014 |
|
|
1,942,327 |
|
|
694,382 |
|
|
1.92%, 11/13/2013 |
|
|
240,000 |
|
|
89,078 |
|
|
Ion Media Networks, Inc., FRN, 4.34%, 01/15/2012 |
|
|
4,055,000 |
|
|
1,520,625 |
|
|
Metaldyne Corp., FRN: |
|
|
|
|
|
|
|
|
9.88%, 01/11/2014 |
|
|
6,144,478 |
|
|
1,812,621 |
|
|
5.13%-8.09%, 01/11/2012 |
|
|
903,599 |
|
|
266,571 |
|
|
Newsday, LLC, 9.75%, 07/15/2013 |
|
|
1,275,000 |
|
|
1,119,208 |
|
|
Tower Automotive Holdings, FRN, 4.69%-6.50%, 07/31/2013 |
|
|
395,995 |
|
|
227,919 |
|
|
Tropicana Entertainment, LLC, FRN, 6.50%, 01/03/2012 < |
|
|
4,050,000 |
|
|
1,215,040 |
|
|
|
|
|
|
|
|
10,536,109 |
|
|
CONSUMER STAPLES 0.5% |
|
|
|
|
|
|
|
|
Merisant Co., FRN, 6.92%, 01/11/2010 < |
|
|
3,457,735 |
|
|
2,697,033 |
|
|
ENERGY 0.4% |
|
|
|
|
|
|
|
|
Alon Krotz Springs, Inc., FRN, 10.75%, 07/03/2014 |
|
|
645,000 |
|
|
240,365 |
|
|
Saint Acquisition Corp., FRN, 3.75%-6.50%, 06/05/2014 |
|
|
1,955,000 |
|
|
879,672 |
|
|
Semgroup Energy Partners, FRN, 5.75%, 07/20/2012 |
|
|
1,080,000 |
|
|
779,555 |
|
|
|
|
|
|
|
|
1,899,592 |
|
|
FINANCIALS 0.1% |
|
|
|
|
|
|
|
|
Realogy Corp., FRN: |
|
|
|
|
|
|
|
|
5.71%, 09/01/2014 |
|
|
807,417 |
|
|
482,084 |
|
|
5.86%, 09/01/2014 |
|
|
217,381 |
|
|
129,792 |
|
|
|
|
|
|
|
|
611,876 |
|
|
16 |
|
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
LOANS continued |
|
|
|
|
|
|
|
|
INDUSTRIALS 0.4% |
|
|
|
|
|
|
|
|
Clarke American Corp., FRN, 2.91%-3.96%, 02/28/2014 |
|
$ |
1,933,540 |
|
$ |
1,036,397 |
|
|
Neff Corp.: |
|
|
|
|
|
|
|
|
FRN, 3.93%, 11/30/2014 |
|
|
4,910,000 |
|
|
1,006,550 |
|
|
N/A, 05/31/2013 < |
|
|
51,750 |
|
|
22,041 |
|
|
|
|
|
|
|
|
2,064,988 |
|
|
INFORMATION TECHNOLOGY 0.2% |
|
|
|
|
|
|
|
|
Activant Solutions, Inc., FRN: |
|
|
|
|
|
|
|
|
3.44%, 05/02/2013 |
|
|
398,581 |
|
|
239,595 |
|
|
3.94%, 05/02/2013 |
|
|
418,222 |
|
|
258,193 |
|
|
iPayment, Inc., FRN, 2.33%-3.47%, 05/10/2013 |
|
|
488,728 |
|
|
316,085 |
|
|
|
|
|
|
|
|
813,873 |
|
|
MATERIALS 1.2% |
|
|
|
|
|
|
|
|
Abitibi Consolidated Co. of Canada, FRN, 11.50%, 03/31/2009 |
|
|
2,678,378 |
|
|
1,888,257 |
|
|
Graham Packaging Co., N/A, 10/07/2011 < |
|
|
678,274 |
|
|
538,672 |
|
|
Lyondell Chemical Co., FRN, 7.00%, 12/20/2014 |
|
|
9,953,262 |
|
|
4,039,730 |
|
|
|
|
|
|
|
|
6,466,659 |
|
|
Total Loans (cost $45,512,780) |
|
|
|
|
|
25,090,130 |
|
|
CLOSED END MUTUAL FUND SHARES 0.3% |
|
|
|
|
|
|
|
|
Dreyfus High Yield Strategies Fund, Inc. |
|
|
216,382 |
|
|
595,050 |
|
|
Eaton Vance Limited Duration Income Trust |
|
|
33,149 |
|
|
363,645 |
|
|
LMP Corporate Loan Fund, Inc. |
|
|
16,391 |
|
|
112,278 |
|
|
New America High Income Fund, Inc. |
|
|
79,709 |
|
|
451,949 |
|
|
Wellington High Yield Plus Fund, Inc. |
|
|
5,038 |
|
|
12,142 |
|
|
Total Closed End Mutual Fund Shares (cost $1,324,685) |
|
|
|
|
|
1,535,064 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Value |
|
|
SHORT-TERM INVESTMENTS 18.9% |
|
|
|
|
|
|
|
|
MUTUAL FUND SHARES 18.8% |
|
|
|
|
|
|
|
|
Evergreen Institutional Money Market Fund, Class I, 0.84% q ø ## |
|
|
96,878,974 |
|
|
96,878,974 |
|
|
State Street Navigator Securities Lending Prime Portfolio, 1.90% § ρρ |
|
|
1,826,373 |
|
|
1,826,373 |
|
|
|
|
|
|
|
|
98,705,347 |
|
|
|
|
|
Principal |
|
|
Value |
|
|
U.S. TREASURY OBLIGATIONS 0.1% |
|
|
|
|
|
|
|
|
U.S. Treasury Bills, 0.10%, 03/26/2009 ƒ ß |
|
$ |
265,000 |
|
|
264,942 |
|
|
Total Short-Term Investments (cost $98,970,115) |
|
|
|
|
|
98,970,289 |
|
|
Total Investments (cost $1,010,173,545) 162.7% |
|
|
|
|
|
853,124,670 |
|
|
Other Assets and Liabilities and Preferred Shares (62.7%) |
|
|
|
|
|
(328,666,327 |
) |
|
Net Assets Applicable to Common Shareholders 100.0% |
|
|
|
|
$ |
524,458,343 |
|
|
144A |
Security that may be sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended. This security has been determined to be liquid under guidelines established by the Board of Trustees, unless otherwise noted. |
|
• |
Security which has defaulted on payment of interest and/or principal. The Fund has stopped accruing interest on this security. |
|
ρ |
All or a portion of this security is on loan. |
|
†† |
The rate shown is the stated rate at the current period end. |
|
† |
Security initially issued in zero coupon form which converts to coupon form at a specified rate and date. An effective interest rate is applied to recognize interest income daily for the bond. This rate is based on total expected interest to be earned over the life of the bond which consists of the aggregate coupon-interest payments and discount at acquisition. The rate shown is the stated rate at the current period end. |
|
ƒ |
All or a portion of this security was pledged to cover initial margin requirements for open futures contracts. |
|
ß |
Rate shown represents the yield to maturity at date of purchase. |
|
+ |
Security is deemed illiquid and is valued using market quotations when readily available, unless otherwise noted. |
|
|
17 |
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|||||||
|
* |
Non-income producing security |
|
< |
All or a portion of the position represents an unfunded loan commitment. |
|
q |
Rate shown is the 7-day annualized yield at period end. |
|
ø |
Evergreen Investment Management Company, LLC is the investment advisor to both the Fund and the money market fund. |
|
## |
All or a portion of this security has been segregated for when-issued, delayed delivery securities and/or unfunded loans. |
|
§ |
Rate shown is the 1-day annualized yield at period end. |
|
ρρ |
All or a portion of this security represents investment of cash collateral received from securities on loan. |
Summary of Abbreviations
|
AUD |
Australian Dollar |
|
CAD |
Canadian Dollar |
|
EUR |
Euro |
|
FHLB |
Federal Home Loan Bank |
|
FHLMC |
Federal Home Loan Mortgage Corp. |
|
FNMA |
Federal National Mortgage Association |
|
FRN |
Floating Rate Note |
|
GBP |
Great British Pound |
|
GNMA |
Government National Mortgage Association |
|
KRW |
Republic of Korea Won |
|
MASTR |
Mortgage Asset Securitization Transactions, Inc. |
|
MXN |
Mexican Peso |
|
MYR |
Malaysian Ringgit |
|
NOK |
Norwegian Krone |
|
NZD |
New Zealand Dollar |
|
SEK |
Swedish Krona |
At January 31, 2009, the Fund had the following credit default swap contracts outstanding:
|
|
|
|
|
|
|
|
|
|
|
Fixed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments |
|
Frequency |
|
|
|
|
|
|
|
Reference Debt |
|
Notional |
|
Made by |
|
of Payments |
|
Unrealized |
|
|
|
Expiration |
|
Counterparty |
|
Obligation |
|
Amount |
|
the Fund |
|
Made |
|
Gain (Loss) |
|
|
|
12/20/2013 |
|
Deutsche |
|
Dow Jones |
|
$8,657,550 |
|
5.00% |
|
Quarterly |
|
$269,965 |
|
|
|
03/20/2014 |
|
Credit Suisse |
|
Sun Microsystems, Inc., |
|
520,000 |
|
2.40% |
|
Quarterly |
|
(2,367 |
) |
|
|
03/20/2014 |
|
Credit Suisse |
|
Sun Microsystems, Inc., |
|
1,225,000 |
|
2.00% |
|
Quarterly |
|
16,405 |
|
|
|
03/20/2014 |
|
Goldman Sachs |
|
Motorola, Inc., |
|
1,175,000 |
|
6.15% |
|
Quarterly |
|
(32,449 |
) |
|
|
03/20/2014 |
|
UBS |
|
Motorola, Inc., |
|
1,035,000 |
|
5.80% |
|
Quarterly |
|
(14,250 |
) |
|
|
03/20/2014 |
|
UBS |
|
Expedia, Inc., |
|
1,135,000 |
|
6.60% |
|
Quarterly |
|
(55,265 |
) |
|
|
03/20/2014 |
|
UBS |
|
Expedia, Inc., |
|
685,000 |
|
6.65% |
|
Quarterly |
|
(34,717 |
) |
|
|
03/20/2014 |
|
UBS |
|
Pulte Homes, Inc., |
|
1,890,000 |
|
2.53% |
|
Quarterly |
|
4,210 |
|
|
|
18 |
|
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
|
Expiration |
|
Counterparty |
|
Reference Debt |
|
Notional |
|
Fixed |
|
Frequency |
|
Unrealized |
|||
|
06/20/2013 |
|
Deutsche |
|
Markit LCDX |
|
$ |
1,246,450 |
|
3.25% |
|
Monthly |
|
$ |
48,664 |
|
|
06/20/2013 |
|
JP Morgan |
|
Markit LCDX |
|
|
2,386,200 |
|
3.25% |
|
Monthly |
|
|
7,276 |
|
|
09/20/2013 |
|
Deutsche |
|
General Electric |
|
|
450,000 |
|
4.00% |
|
Quarterly |
|
|
(2,524 |
) |
|
12/20/2013 |
|
Citibank |
|
General Electric |
|
|
675,000 |
|
6.65% |
|
Quarterly |
|
|
68,684 |
|
|
12/20/2013 |
|
Goldman Sachs |
|
General Electric |
|
|
560,000 |
|
4.50% |
|
Quarterly |
|
|
9,361 |
|
|
12/13/2049 |
|
Deutsche |
|
Markit CMBX |
|
|
1,115,000 |
|
0.08% |
|
Monthly |
|
|
86,867 |
|
|
12/13/2049 |
|
Goldman Sachs |
|
Dow Jones CDX |
|
|
4,215,000 |
|
0.08% |
|
Quarterly |
|
|
261,020 |
|
At January 31, 2009, the Fund had forward foreign currency exchange contracts outstanding as follows:
Forward Foreign Currency Exchange Contracts to Buy:
|
Exchange Date |
|
Contracts to Receive |
|
U.S. Value at |
|
In Exchange |
|
Unrealized |
|||||||
|
2/4/2009 |
|
4,204,855,000 |
JPY |
|
$ |
46,807,197 |
|
|
$ |
43,064,881 |
|
|
$ |
3,742,316 |
|
|
2/12/2009 |
|
6,300,000 |
AUD |
|
|
4,002,862 |
|
|
|
4,022,865 |
|
|
|
(20,003 |
) |
|
2/12/2009 |
|
3,000,000 |
AUD |
|
|
1,906,125 |
|
|
|
2,076,000 |
|
|
|
(169,875 |
) |
|
2/12/2009 |
|
3,815,000 |
NZD |
|
|
1,932,485 |
|
|
|
2,015,655 |
|
|
|
(83,171 |
) |
|
3/2/2009 |
|
22,508,538 |
EUR |
|
|
28,810,460 |
|
|
|
29,000,000 |
|
|
|
(189,540 |
) |
|
3/2/2009 |
|
2,000,000 |
EUR |
|
|
2,559,958 |
|
|
|
2,544,300 |
|
|
|
15,658 |
|
|
3/2/2009 |
|
2,660,000 |
EUR |
|
|
3,404,745 |
|
|
|
3,633,560 |
|
|
|
(228,815 |
) |
|
3/2/2009 |
|
5,056,222 |
EUR |
|
|
6,471,859 |
|
|
|
6,700,000 |
|
|
|
(228,141 |
) |
|
Exchange Date |
|
Contracts to Receive |
|
U.S. Value at |
|
In Exchange For |
|
U.S Value at |
|
Unrealized |
||||||||
|
2/4/2009 |
|
605,398,000 |
JPY |
|
$ |
6,739,111 |
|
|
4,881,455 |
EUR |
|
$ |
6,250,608 |
|
|
$ |
488,503 |
|
|
2/4/2009 |
|
1,000,000,000 |
JPY |
|
|
11,131,703 |
|
|
8,386,096 |
EUR |
|
|
10,738,233 |
|
|
|
393,470 |
|
|
2/4/2009 |
|
6,060,000 |
EUR |
|
|
7,759,713 |
|
|
766,899,060 |
JPY |
|
|
8,536,893 |
|
|
|
(777,180 |
) |
|
2/4/2009 |
|
2,707,882 |
EUR |
|
|
3,467,390 |
|
|
325,000,000 |
JPY |
|
|
3,617,803 |
|
|
|
(150,413 |
) |
|
2/13/2009 |
|
31,500,000 |
JPY |
|
|
350,701 |
|
|
207,592 |
GBP |
|
|
299,688 |
|
|
|
51,013 |
|
|
2/13/2009 |
|
817,950,000 |
JPY |
|
|
9,106,532 |
|
|
5,742,216 |
GBP |
|
|
8,289,685 |
|
|
|
816,847 |
|
|
2/19/2009 |
|
728,000,000 |
JPY |
|
|
8,105,891 |
|
|
13,632,959 |
NZD |
|
|
6,900,989 |
|
|
|
1,204,901 |
|
|
3/16/2009 |
|
1,116,000,000 |
JPY |
|
|
12,431,973 |
|
|
18,346,211 |
AUD |
|
|
11,631,213 |
|
|
|
800,760 |
|
|
3/16/2009 |
|
2,140,000 |
AUD |
|
|
1,356,727 |
|
|
140,929,700 |
JPY |
|
|
1,569,923 |
|
|
|
(213,196 |
) |
Forward Foreign Currency Exchange Contracts to Sell:
|
Exchange Date |
|
Contracts to Deliver |
|
U.S. Value at |
|
In Exchange |
|
Unrealized |
|||||||
|
2/12/2009 |
|
11,547,000 |
AUD |
|
$ |
7,336,675 |
|
|
$ |
7,658,548 |
|
|
$ |
321,873 |
|
|
2/12/2009 |
|
10,079,000 |
NZD |
|
|
5,105,508 |
|
|
|
5,869,002 |
|
|
|
763,494 |
|
|
3/2/2009 |
|
12,880,000 |
EUR |
|
|
16,486,132 |
|
|
|
16,934,624 |
|
|
|
448,492 |
|
|
3/2/2009 |
|
5,868,881 |
EUR |
|
|
7,512,045 |
|
|
|
8,200,000 |
|
|
|
687,955 |
|
|
3/2/2009 |
|
14,566,024 |
EUR |
|
|
18,644,208 |
|
|
|
20,600,000 |
|
|
|
1,955,792 |
|
|
3/16/2009 |
|
12,600,000 |
GBP |
|
|
18,183,008 |
|
|
|
18,809,280 |
|
|
|
626,272 |
|
At January 31, 2009, the Fund had short futures contracts outstanding as follows:
|
Expiration |
|
Contracts |
|
Initial Contract |
|
Value at |
|
Unrealized |
||||||
|
March 2009 |
|
50 U.S. Treasury |
|
$ |
5,765,816 |
|
|
|
$ |
5,908,594 |
|
$ |
(142,778 |
) |
|
March 2009 |
|
90 U.S. Treasury |
|
|
19,329,953 |
|
|
|
|
19,586,250 |
|
|
(256,297 |
) |
|
|
19 |
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
On January 31, 2009, the aggregate cost of securities for federal income tax purposes was $1,013,002,322. The gross unrealized appreciation and depreciation on securities based on tax cost was $3,007,836 and $162,885,488, respectively, with a net unrealized depreciation of $159,877,652.
Valuation of investments
Portfolio debt securities acquired with more than 60 days to maturity are fair valued using matrix pricing methods determined by an independent pricing service which takes into consideration such factors as similar security prices, yields, maturities, liquidity and ratings. Securities for which valuations are not readily available from an independent pricing service may be valued by brokers which use prices provided by market makers or estimates of fair market value obtained from yield data relating to investments or securities with similar characteristics.
Listed equity securities are usually valued at the last sales price or official closing price on the national securities exchange where the securities are principally traded.
Investments in open-end mutual funds are valued at net asset value. Securities for which market quotations are not readily available or not reflective of current fair value are valued at fair value as determined by the investment advisor in good faith, according to procedures approved by the Board of Trustees.
Foreign currency translation
All assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the date of valuation. Purchases and sales of portfolio securities and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Fund does not separately account for that portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gains or losses on investments.
Futures contracts
In order to gain exposure to, or protect against changes in, security values, the Fund may buy and sell futures contracts. The primary risks associated with the use of futures contracts are the imperfect correlation between changes in market values of securities held by the Fund and the prices of futures contracts, and the possibility of an illiquid market.
Futures contracts are valued based upon their quoted daily settlement prices. The aggregate principal amounts of the contracts are not recorded in the financial statements. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset or liability and in the Statement of Operations as unrealized gains or losses until the contracts are closed, at which point they are recorded as net realized gains or losses on futures contracts.
Forward foreign currency contracts
A forward foreign currency contract is an agreement between two parties to purchase or sell a specific currency for an agreed-upon price at a future date. The Fund enters into forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to attempt to minimize the risk to the Fund from adverse changes in the relationship between currencies. Forward foreign currency contracts are recorded at the forward rate and marked-to-market daily. When the contracts are closed, realized gains and losses arising from such transactions are recorded as realized gains or losses on foreign currency related transactions. The Fund could be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts or if the value of the foreign currency changes unfavorably.
When-issued and delayed delivery transactions
The Fund records when-issued or delayed delivery securities as of trade date and maintains security positions such that sufficient liquid assets will be available to make payment for the securities purchased. Securities purchased on a when-issued or delayed delivery basis are marked-to-market daily and begin earning interest on the settlement date. Losses may occur on these transactions due to changes in market conditions or the failure of counterparties to perform under the contract.
Loans
The Fund may purchase loans through an agent, by assignment from another holder of the loan or as a participation interest in another holder’s portion of the loan. Loans are purchased on a when-issued or delayed delivery basis. Interest income is accrued based on the terms of the securities. Fees earned on loan purchasing activities are recorded as income when earned. Loans involve interest rate risk, liquidity risk and credit risk, including the potential default or insolvency of the borrower.
As of January 31, 2009, the Fund had unfunded loan commitments of $4,182,023.
Securities lending
The Fund may lend its securities to certain qualified brokers in order to earn additional income. The Fund receives compensation in the form of fees or interest earned on the investment of any cash collateral received. The Fund also continues to receive interest and dividends on the securities loaned. The Fund receives collateral in the form of cash or securities with a market value at least equal to the market value of the securities on loan, including accrued interest. In the event of default or bankruptcy by the borrower, the Fund could experience delays and costs in recovering the loaned securities or in gaining access to the collateral. The Fund has the right under the lending agreement to recover the securities from the borrower on demand.
Credit default swaps
The Fund may enter into credit default swap contracts to provide a measure of protection against default on a referenced entity, obligation or index. Credit default swaps involve an exchange of a stream of payments for protection against the loss in value of an underlying security or index. Under the terms of the swap, one party acts as a guarantor (referred to as the seller of protection) and receives a periodic stream of payments, provided that there is no credit event, from another party (referred to as the buyer of protection) that is a fixed percentage applied to a notional principal amount over the term of the swap. An index credit default swap references all the names in the index, and if a credit event is triggered, the credit event is settled based on that name’s weight in the index. A credit event includes bankruptcy, failure to pay, obligation default, obligation acceleration, repudiation/moratorium, and restructuring. The Fund may enter into credit default swaps as either the seller of protection or the buyer of protection. As the seller of protection, the Fund is subject to investment exposure on the notional amount of the swap and has assumed the risk of default of the underlying security or index. As the buyer of protection, the Fund could be exposed to risks if the seller of the protection defaults on its obligation to perform, or if there are unfavorable changes in the fluctuation of interest rates or in the price of the underlying security or index. The maximum potential amount of future payments (undiscounted) that the Fund as the seller of protection could be required to make under the credit default swap contract would be an amount equal to the notional amount of the swap contract.
If the Fund is the seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will pay to the buyer of protection the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index. If the Fund is the buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will receive from the seller of protection the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index.
|
20 |
|
|
EVERGREEN MULTI-SECTOR INCOME FUND |
|||||||
|
January 31, 2009 (unaudited) |
Any premiums paid or received on the transactions are recorded as an asset or liability on the Statement of Assets and Liabilities and amortized. The value of the swap contract is marked-to-market daily based on quotations from an independent pricing service or market makers and any change in value is recorded as an unrealized gain or loss. Periodic payments made or received are recorded as realized gains or losses. In addition, payments received or made as a result of a credit event or termination of the contract are recognized as realized gains or losses.
Certain credit default swap contracts entered into by the Fund provide for conditions that result in events of default or termination that enable the counterparty to the agreement to cause an early termination of the transactions under those agreements. Any election by the counterparty to terminate early may impact the amounts reported on the financial statements.
Valuation hierarchy
On November 1, 2008, the Fund implemented Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes a single authoritative definition of fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. FAS 157 establishes a fair value hierarchy based upon the various inputs used in determining the value of the Fund’s investments. These inputs are summarized into three broad levels as follows:
|
Level 1 – quoted prices in active markets for identical securities Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments) |
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
As of January 31, 2009, the inputs used in valuing the Fund’s assets, which are carried at fair value, were as follows:
|
Valuation Inputs |
|
Investments in |
|
Other Financial |
||||
|
Level 1 – Quoted Prices |
|
$ |
101,899,265 |
|
|
$ |
(399,075 |
) |
|
Level 2 – Other Significant Observable Inputs |
|
|
751,225,405 |
|
|
|
10,887,892 |
|
|
Level 3 – Significant Unobservable Inputs |
|
|
0 |
|
|
|
0 |
|
|
Total |
|
$ |
853,124,670 |
|
|
$ |
10,488,817 |
|
|
* |
Other financial instruments include futures, forwards and swap contracts. |
|
|
21 |
Item 2 - Controls and Procedures
|
(a) |
The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) within 90 days of this filing and have concluded that the registrant’s disclosure controls and procedures were effective, as of that date, in ensuring that information required to be disclosed by the registrant in this Form N-Q was recorded, processed, summarized, and reported timely. |
|
(b) |
There has been no change in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonable likely to materially affect, the registrant’s internal control over financial reporting. |
Item 3 - Exhibits
File the exhibits listed below as part of this Form. Letter or number the exhibits in the sequence indicated.
|
(a) |
Separate certifications for the registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached as EX-99.CERT. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Evergreen Multi-Sector Income Fund
|
By: |
|
|
|
|
|
|
W. Douglas Munn |
|
|
|
|
|
Principal Executive Officer |
|
|
|
Date: April 1, 2009
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: |
|
|
|
|
|
|
W. Douglas Munn |
|
|
|
|
|
Principal Executive Officer |
|
|
|
Date: April 1, 2009
|
By: |
|
|
|
|
|
|
Kasey Phillips |
|
|
|
|
|
Principal Financial Officer |
|
|
|
Date: April 1, 2009