n-qwrapmultisectorfund.htm

 

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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

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, 2008. This one series has an October 31 fiscal year end .

Date of reporting period: January 31, 2008



Item 1 – Schedule of Investments

EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

AGENCY MORTGAGE-BACKED COLLATERALIZED MORTGAGE OBLIGATIONS     10.9%

 

 

 

 

 

 

 

FIXED-RATE      0.3%

 

 

 

 

 

 

 

FNMA:

 

 

 

 

 

 

 

Ser. 2001-25, Class Z, 6.00%, 06/25/2031

 

$

1,511,294

 

$

1,593,085

 

Ser. 2001-51, Class P, 6.00%, 08/25/2030

 

 

922,299

 

 

935,875

 

 

 

 

 

 

 

2,528,960

 

FLOATING-RATE      10.6%

 

 

 

 

 

 

 

FHLMC:

 

 

 

 

 

 

 

Ser. 0196, Class A, 5.05%, 12/15/2021

 

 

186,585

 

 

190,560

 

Ser. 1500, Class FD, 3.55%, 05/15/2023

 

 

4,958,516

 

 

4,830,090

 

Ser. 2182, Class FE, 5.18%, 05/15/2028

 

 

760,121

 

 

763,020

 

Ser. 2247, Class FC, 4.84%, 08/15/2030

 

 

844,744

 

 

845,535

 

Ser. 2390, Class FD, 4.69%, 12/15/2031

 

 

175,672

 

 

176,400

 

Ser. 2411, Class F, 4.79%, 02/15/2032

 

 

208,558

 

 

208,370

 

Ser. 2431, Class F, 4.74%, 03/15/2032

 

 

7,929,766

 

 

7,924,439

 

Ser. 2567, Class FH, 4.64%, 02/15/2033

 

 

409,670

 

 

410,333

 

Ser. T-66, Class 2A1, 7.60%, 01/25/2036

 

 

8,497,599

 

 

9,037,313

 

Ser. T-67, Class 1A1C, 7.72%, 03/25/2036

 

 

25,939,331

 

 

27,975,569

 

Ser. T-67, Class 2A1C, 7.66%, 03/25/2036

 

 

1,742,136

 

 

1,928,587

 

FNMA:

 

 

 

 

 

 

 

Ser. 1996-46, Class FA, 5.375%, 08/25/2021

 

 

113,910

 

 

114,767

 

Ser. 2000-45, Class F, 5.32%, 12/25/2030

 

 

852,895

 

 

857,301

 

Ser. 2001-24, Class FC, 5.47%, 04/25/2031

 

 

318,834

 

 

319,083

 

Ser. 2001-35, Class F, 5.47%, 07/25/2031

 

 

72,788

 

 

73,049

 

Ser. 2001-37, Class F, 5.37%, 08/25/2031

 

 

319,016

 

 

320,379

 

Ser. 2001-57, Class F, 5.37%, 06/25/2031

 

 

73,281

 

 

73,294

 

Ser. 2001-62, Class FC, 5.52%, 11/25/2031

 

 

963,274

 

 

968,802

 

Ser. 2002-77, Class F, 5.47%, 12/25/2032

 

 

5,192,179

 

 

5,308,328

 

Ser. 2002-77, Class FH, 4.39%, 12/18/2032

 

 

412,349

 

 

413,615

 

Ser. 2002-77, Class FV, 4.49%, 12/18/2032

 

 

1,348,264

 

 

1,348,271

 

Ser. 2002-95, Class FK, 5.37%, 01/25/2033

 

 

4,488,914

 

 

4,513,265

 

Ser. 2002-97, Class FR, 5.42%, 01/25/2033

 

 

162,573

 

 

162,376

 

Ser. 2003-W8, Class 3F2, 5.22%, 05/25/2042

 

 

1,967,381

 

 

1,985,166

 

Ser. 2005-W4, Class 3A, 6.50%, 06/25/2035

 

 

6,245,760

 

 

6,359,183

 

Ser. G91-16, Class F, 5.33%, 06/25/2021

 

 

121,243

 

 

121,599

 

Ser. G92-17, Class F, 5.93%, 03/25/2022

 

 

200,035

 

 

204,498

 

Ser. G92-53, Class FA, 5.625%, 09/25/2022

 

 

1,913,077

 

 

1,937,755

 

Ser. G93-11, Class FB, 5.73%, 12/25/2008

 

 

1,964

 

 

1,966

 

GNMA:

 

 

 

 

 

 

 

Ser. 1997-13, Class F, 4.625%, 09/16/2027

 

 

1,777,354

 

 

1,800,317

 

Ser. 2001-61, Class FA, 4.46%, 09/20/2030

 

 

148,669

 

 

149,075

 

 

 

 

 

 

 

81,322,305

 

Total Agency Mortgage-Backed Collateralized Mortgage Obligations     (cost $82,771,316)

 

 

 

 

 

83,851,265

 

AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES     26.2%

 

 

 

 

 

 

 

FIXED-RATE      2.9%

 

 

 

 

 

 

 

FHLMC:

 

 

 

 

 

 

 

6.50%, 06/01/2017

 

 

3,058,046

 

 

3,172,601

 

8.50%, 04/01/2015 – 07/01/2028

 

 

554,155

 

 

609,929

 

FHLMC 30 year, 6.50%, TBA #

 

 

10,305,000

 

 

10,680,569

 

FNMA:

 

 

 

 

 

 

 

6.00%, 04/01/2033

 

 

646,544

 

 

671,805

 

6.50%, 11/01/2032

 

 

263,538

 

 

276,095

 

7.00%, 09/01/2031 – 08/01/2032

 

 

1,758,330

 

 

1,880,809

 

7.50%, 07/01/2017 – 07/01/2032

 

 

1,024,794

 

 

1,095,439

 

8.00%, 12/01/2024 – 06/01/2030

 

 

307,001

 

 

333,802

 

12.00%, 01/01/2016

 

 

58,487

 

 

67,798

 

 

 

1

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES     continued

 

 

 

 

 

 

 

FIXED-RATE      continued

 

 

 

 

 

 

 

GNMA:

 

 

 

 

 

 

 

6.50%, 06/15/2028

 

$

119,683

 

$

125,083

 

7.25%, 07/15/2017 – 05/15/2018

 

 

1,013,281

 

 

1,070,526

 

9.50%, 12/15/2009 – 04/15/2011

 

 

2,095,756

 

 

2,203,309

 

 

 

 

 

 

 

22,187,765

 

FLOATING-RATE      23.3%

 

 

 

 

 

 

 

FHLB:

 

 

 

 

 

 

 

5.89%, 05/01/2037 ##

 

 

13,304,874

 

 

13,707,346

 

7.03%, 07/01/2034

 

 

863,642

 

 

905,563

 

7.13%, 07/01/2033

 

 

572,492

 

 

577,096

 

7.22%, 11/01/2030

 

 

768,815

 

 

803,442

 

FHLMC:

 

 

 

 

 

 

 

5.06%, 07/01/2035

 

 

713,797

 

 

752,642

 

5.40%, 12/01/2026

 

 

141,374

 

 

142,798

 

5.48%, 06/01/2030

 

 

422,544

 

 

419,637

 

5.67%, 10/01/2030

 

 

30,611

 

 

30,811

 

5.75%, 02/01/2016

 

 

34,666

 

 

35,306

 

5.89%, 02/01/2037

 

 

5,904,462

 

 

6,206,029

 

5.92%, 10/01/2017

 

 

6,858

 

 

6,894

 

5.98%, 06/01/2028

 

 

155,108

 

 

160,141

 

6.12%, 07/01/2019

 

 

15,576

 

 

15,755

 

6.20%, 05/01/2019

 

 

7,643

 

 

7,747

 

6.25%, 02/01/2016

 

 

30,937

 

 

31,569

 

6.32%, 03/01/2018

 

 

262,673

 

 

266,164

 

6.40%, 12/01/2022

 

 

70,447

 

 

73,155

 

6.42%, 11/01/2023

 

 

171,526

 

 

177,807

 

6.43%, 10/01/2022

 

 

149,994

 

 

152,740

 

6.45%, 08/01/2017

 

 

30,413

 

 

30,903

 

6.56%, 10/01/2037

 

 

5,244,875

 

 

5,426,347

 

6.61%, 06/01/2018 – 06/01/2023

 

 

434,831

 

 

450,585

 

6.62%, 06/01/2031 – 06/01/2035

 

 

955,486

 

 

990,514

 

6.63%, 06/01/2031

 

 

559,146

 

 

582,602

 

6.68%, 05/01/2025 – 09/01/2032

 

 

5,338,007

 

 

5,558,096

 

6.69%, 01/01/2018

 

 

109,023

 

 

112,121

 

6.81%, 10/01/2024

 

 

410,132

 

 

415,828

 

6.92%, 12/01/2033

 

 

3,988,854

 

 

4,160,853

 

6.93%, 01/01/2030

 

 

279,361

 

 

292,150

 

6.94%, 07/01/2030

 

 

168,291

 

 

176,471

 

7.01%, 10/01/2030

 

 

2,010,890

 

 

2,041,634

 

7.07%, 07/01/2032

 

 

1,000,762

 

 

1,038,330

 

7.08%, 06/01/2035

 

 

2,424,277

 

 

2,495,786

 

7.11%, 10/01/2033

 

 

60,880

 

 

63,311

 

7.14%, 10/01/2033

 

 

343,283

 

 

358,086

 

7.16%, 03/01/2024 – 08/01/2032

 

 

1,447,418

 

 

1,480,215

 

7.18%, 09/01/2032

 

 

855,282

 

 

891,494

 

7.21%, 10/01/2030

 

 

600,667

 

 

626,459

 

7.24%, 01/01/2027

 

 

292,804

 

 

317,305

 

7.25%, 10/01/2024

 

 

51,793

 

 

54,050

 

7.28%, 03/01/2032

 

 

1,516,677

 

 

1,527,950

 

7.31%, 06/01/2033

 

 

587,683

 

 

611,690

 

7.34%, 08/01/2030

 

 

686,022

 

 

717,895

 

8.50%, 03/01/2030

 

 

140,111

 

 

154,182

 

 

2

 





EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES     continued

 

 

 

 

 

 

 

FLOATING-RATE      continued

 

 

 

 

 

 

 

FNMA:

 

 

 

 

 

 

 

4.47%, 08/01/2020

 

$

1,571,568

 

$

1,592,172

 

4.79%, 06/01/2033

 

 

1,287,114

 

 

1,322,971

 

4.98%, 03/01/2033

 

 

171,800

 

 

174,860

 

5.11%, 03/01/2034

 

 

1,358,512

 

 

1,405,866

 

5.24%, 10/01/2029

 

 

168,326

 

 

171,233

 

5.25%, 01/01/2017

 

 

97,969

 

 

99,757

 

5.32%, 02/01/2037

 

 

931,072

 

 

948,208

 

5.40%, 06/01/2031

 

 

156,772

 

 

163,343

 

5.42%, 02/01/2017 – 12/01/2017

 

 

7,116,377

 

 

7,126,798

 

5.45%, 01/01/2038

 

 

6,296,452

 

 

6,716,426

 

5.48%, 03/01/2018

 

 

759,547

 

 

775,717

 

5.50%, 03/01/2035

 

 

5,600,601

 

 

5,666,072

 

5.57%, 02/01/2035

 

 

9,443,876

 

 

9,564,286

 

5.61%, 12/01/2022 – 02/01/2035

 

 

1,533,913

 

 

1,534,533

 

5.62%, 08/01/2028

 

 

83,263

 

 

85,908

 

5.625%, 04/01/2034

 

 

1,454,084

 

 

1,454,084

 

5.65%, 12/01/2031

 

 

364,051

 

 

377,725

 

5.75%, 12/01/2016

 

 

12,790

 

 

13,096

 

5.80%, 01/01/2030

 

 

84,948

 

 

86,807

 

5.87%, 01/01/2037

 

 

11,768,337

 

 

12,177,169

 

5.91%, 12/01/2009 – 09/01/2041

 

 

4,541,521

 

 

4,617,653

 

5.93%, 09/01/2024

 

 

12,561

 

 

13,217

 

6.00%, 05/01/2021 – 08/01/2021

 

 

19,869

 

 

21,032

 

6.06%, 04/01/2031

 

 

998,469

 

 

1,046,845

 

6.08%, 01/01/2034 – 02/01/2038

 

 

1,077,277

 

 

1,117,493

 

6.11%, 12/01/2013

 

 

589,448

 

 

596,380

 

6.15%, 12/01/2034

 

 

1,915,651

 

 

1,964,423

 

6.16%, 03/01/2034

 

 

1,136,408

 

 

1,170,864

 

6.17%, 12/01/2036

 

 

73,708

 

 

74,744

 

6.20%, 08/01/2027

 

 

355,707

 

 

374,449

 

6.27%, 04/01/2034

 

 

2,637,751

 

 

2,740,597

 

6.33%, 01/01/2033

 

 

1,335,986

 

 

1,369,947

 

6.40%, 12/01/2020

 

 

161,109

 

 

170,955

 

6.42%, 04/01/2025

 

 

216,685

 

 

228,230

 

6.45%, 04/01/2028

 

 

195,118

 

 

197,551

 

6.50%, 12/01/2023

 

 

79,035

 

 

82,394

 

6.54%, 06/01/2029

 

 

412,839

 

 

430,632

 

6.57%, 09/01/2037

 

 

4,735,045

 

 

5,067,977

 

6.64%, 10/01/2035

 

 

4,456,445

 

 

4,829,315

 

6.66%, 12/01/2035

 

 

5,834,254

 

 

6,325,615

 

6.67%, 12/01/2031

 

 

160,601

 

 

163,326

 

6.70%, 10/01/2034

 

 

310,004

 

 

321,148

 

6.71%, 05/01/2027 – 05/01/2030

 

 

1,632,496

 

 

1,671,730

 

6.72%, 01/01/2026

 

 

494,210

 

 

513,765

 

6.73%, 11/01/2035

 

 

1,482,341

 

 

1,541,886

 

6.79%, 12/01/2026 – 04/01/2033

 

 

2,513,359

 

 

2,575,364

 

6.86%, 04/01/2024 – 11/01/2024

 

 

796,705

 

 

843,140

 

6.875%, 04/01/2019

 

 

77,439

 

 

79,022

 

6.93%, 02/01/2035

 

 

632,529

 

 

656,502

 

6.94%, 09/01/2024 – 10/01/2032

 

 

575,628

 

 

598,955

 

6.96%, 06/01/2024 – 08/01/2036

 

 

7,467,822

 

 

7,580,727

 

6.97%, 01/01/2028 – 12/01/2029

 

 

1,055,090

 

 

1,101,644

 

6.98%, 04/01/2034

 

 

1,431,974

 

 

1,491,787

 

7.00%, 07/01/2026

 

 

58,716

 

 

61,212

 

7.04%, 08/01/2030

 

 

423,369

 

 

443,669

 

 

 

 

3

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

AGENCY MORTGAGE-BACKED PASS THROUGH SECURITIES     continued

 

 

 

 

 

 

 

FLOATING-RATE      continued

 

 

 

 

 

 

 

FNMA: continued

 

 

 

 

 

 

 

7.11%, 03/01/2032

 

$

444,733

 

$

461,611

 

7.13%, 09/01/2027

 

 

351,992

 

 

369,194

 

7.15%, 07/01/2032 – 04/01/2036

 

 

6,313,664

 

 

6,736,205

 

7.19%, 10/01/2032

 

 

3,043,213

 

 

3,188,800

 

7.24%, 06/01/2037

 

 

523,295

 

 

532,541

 

7.25%, 01/01/2028

 

 

871,128

 

 

914,981

 

7.27%, 12/01/2028

 

 

61,668

 

 

63,746

 

7.31%, 12/01/2032

 

 

1,485,341

 

 

1,517,665

 

7.33%, 02/01/2038

 

 

141,844

 

 

147,290

 

7.49%, 07/01/2030

 

 

176,561

 

 

187,079

 

7.56%, 04/01/2033

 

 

229,739

 

 

246,207

 

7.70%, 09/01/2032

 

 

217,514

 

 

228,520

 

GNMA:

 

 

 

 

 

 

 

5.00%, 11/20/2030 – 10/20/2031

 

 

864,685

 

 

880,892

 

5.125%, 10/20/2029 – 11/20/2030

 

 

2,217,728

 

 

2,255,474

 

5.625%, 09/20/2030

 

 

402,748

 

 

410,195

 

6.00%, 02/20/2031

 

 

292,866

 

 

300,718

 

6.25%, 02/20/2029

 

 

685,528

 

 

698,704

 

6.375%, 01/20/2027 – 03/20/2028

 

 

421,738

 

 

434,952

 

6.50%, 02/20/2031

 

 

492,448

 

 

504,005

 

 

 

 

 

 

 

178,667,499

 

Total Agency Mortgage-Backed Pass Through Securities     (cost $197,823,429)

 

 

 

 

 

200,855,264

 

AGENCY REPERFORMING MORTGAGE-BACKED PASS THROUGH SECURITIES     0.5%

 

 

 

 

 

 

 

FNMA:

 

 

 

 

 

 

 

Ser. 2001-T10, Class A2, 7.50%, 12/25/2041

 

 

399,740

 

 

438,393

 

Ser. 2002-T6, Class A4, FRN, 6.43%, 03/25/2041

 

 

1,508,079

 

 

1,528,854

 

Ser. 2003-W02, Class 2A8, 5.67%, 07/25/2042

 

 

478,709

 

 

501,788

 

Ser. 2004-T03, Class 2A, FRN, 6.23%, 08/25/2043

 

 

1,460,491

 

 

1,533,559

 

Total Agency Reperforming Mortgage-Backed Pass Through Securities     (cost $3,961,405)

 

 

 

 

 

4,002,594

 

CORPORATE BONDS     64.0%

 

 

 

 

 

 

 

CONSUMER DISCRETIONARY     16.4%

 

 

 

 

 

 

 

Auto Components     1.6%

 

 

 

 

 

 

 

Cooper Tire & Rubber Co.:

 

 

 

 

 

 

 

7.00%, 12/15/2012

 

 

225,000

 

 

195,750

 

7.625%, 03/15/2027

 

 

2,630,000

 

 

2,261,800

 

Goodyear Tire & Rubber Co.:

 

 

 

 

 

 

 

9.00%, 07/01/2015 ρ;

 

 

3,175,000

 

 

3,333,750

 

11.25%, 03/01/2011 ρ;

 

 

1,840,000

 

 

1,950,400

 

Metaldyne Corp.:

 

 

 

 

 

 

 

10.00%, 11/01/2013

 

 

4,955,000

 

 

3,592,375

 

11.00%, 06/15/2012

 

 

2,681,000

 

 

1,313,690

 

 

 

 

 

 

 

12,647,765

 

Automobiles      1.1%

 

 

 

 

 

 

 

Ford Motor Co.:

 

 

 

 

 

 

 

5.80%, 01/12/2009

 

 

435,000

 

 

423,203

 

7.45%, 07/16/2031 ρ;

 

 

1,800,000

 

 

1,336,500

 

7.70%, 05/15/2097

 

 

2,555,000

 

 

1,750,175

 

General Motors Corp.:

 

 

 

 

 

 

 

7.20%, 01/15/2011 ρ;

 

 

3,905,000

 

 

3,582,837

 

8.25%, 07/15/2023 ρ;

 

 

1,565,000

 

 

1,259,825

 

 

 

 

 

 

 

8,352,540

 

 

4

 





EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

CORPORATE BONDS     continued

 

 

 

 

 

 

 

CONSUMER DISCRETIONARY     continued

 

 

 

 

 

 

 

Diversified Consumer Services     0.3%

 

 

 

 

 

 

 

Carriage Services, Inc., 7.875%, 01/15/2015

 

$

850,000

 

$

833,000

 

Education Management, LLC:

 

 

 

 

 

 

 

8.75%, 06/01/2014

 

 

720,000

 

 

696,600

 

10.25%, 06/01/2016

 

 

850,000

 

 

813,875

 

Service Corporation International, 6.75%, 04/01/2015

 

 

340,000

 

 

338,300

 

 

 

 

 

 

 

2,681,775

 

Hotels, Restaurants & Leisure     4.3%

 

 

 

 

 

 

 

Caesars Entertainment, Inc.:

 

 

 

 

 

 

 

7.875%, 03/15/2010 ρ;

 

 

1,570,000

 

 

1,485,612

 

8.125%, 05/15/2011

 

 

565,000

 

 

495,081

 

Fontainebleau Las Vegas Holdings, LLC, 10.25%, 06/15/2015 144A

 

 

5,726,000

 

 

4,323,130

 

Inn of the Mountain Gods Resort & Casino, 12.00%, 11/15/2010 ρ;

 

 

4,335,000

 

 

4,335,000

 

Isle of Capri Casinos, Inc., 7.00%, 03/01/2014 ρ;

 

 

7,835,000

 

 

6,072,125

 

Outback Steakhouse, Inc., 10.00%, 06/15/2015 ρ; 144A

 

 

670,000

 

 

425,450

 

Pokagon Gaming Authority, 10.375%, 06/15/2014 144A

 

 

2,520,000

 

 

2,617,650

 

Seneca Gaming Corp., 7.25%, 05/01/2012

 

 

855,000

 

 

833,625

 

Shingle Springs Tribal Gaming Authority, 9.375%, 06/15/2015 144A

 

 

2,550,000

 

 

2,307,750

 

Six Flags, Inc.:

 

 

 

 

 

 

 

8.875%, 02/01/2010 ρ;

 

 

625,000

 

 

460,938

 

9.625%, 06/01/2014 ρ;

 

 

1,425,000

 

 

958,313

 

Trump Entertainment Resorts, Inc., 8.50%, 06/01/2015 ρ;

 

 

5,326,000

 

 

3,861,350

 

Universal City Development Partners, Ltd., 11.75%, 04/01/2010

 

 

4,580,000

 

 

4,728,850

 

 

 

 

 

 

32,904,874

 

Household Durables     1.7%

 

 

 

 

 

 

 

Centex Corp., 4.875%, 08/15/2008

 

 

1,250,000

 

 

1,222,029

 

D.R. Horton, Inc., 5.00%, 01/15/2009

 

 

1,860,000

 

 

1,799,550

 

Hovnanian Enterprises, Inc.:

 

 

 

 

 

 

 

6.00%, 01/15/2010 ρ;

 

 

680,000

 

 

384,200

 

6.50%, 01/15/2014

 

 

388,000

 

 

267,720

 

KB Home:

 

 

 

 

 

 

 

7.75%, 02/01/2010

 

 

985,000

 

 

955,450

 

8.625%, 12/15/2008 ρ;

 

 

570,000

 

 

570,000

 

Libbey, Inc., FRN, 11.91%, 06/01/2011

 

 

1,880,000

 

 

1,908,200

 

Meritage Homes Corp.:

 

 

 

 

 

 

 

6.25%, 03/15/2015

 

 

725,000

 

 

511,125

 

7.00%, 05/01/2014

 

 

1,475,000

 

 

1,084,125

 

Pulte Homes, Inc.:

 

 

 

 

 

 

 

4.875%, 07/15/2009

 

 

2,745,000

 

 

2,614,612

 

7.875%, 08/01/2011

 

 

195,000

 

 

189,638

 

Standard Pacific Corp., 5.125%, 04/01/2009 ρ;

 

 

300,000

 

 

240,000

 

Toll Brothers, Inc., 8.25%, 02/01/2011

 

 

1,075,000

 

 

1,038,719

 

 

 

 

 

 

 

12,785,368

 

Media      4.5%

 

 

 

 

 

 

 

Cablevision Systems Corp., Ser. B, 8.00%, 04/15/2012

 

 

2,705,000

 

 

2,603,562

 

CCH I, LLC, 11.00%, 10/01/2015 ρ;

 

 

3,130,000

 

 

2,250,638

 

CSC Holdings, Inc., 7.625%, 04/01/2011

 

 

1,675,000

 

 

1,666,625

 

Dex Media West, LLC, 8.50%, 08/15/2010 ρ;

 

 

1,805,000

 

 

1,834,331

 

Idearc, Inc., 8.00%, 11/15/2016 ρ;

 

 

1,785,000

 

 

1,606,500

 

Lamar Media Corp.:

 

 

 

 

 

 

 

6.625%, 08/15/2015 ρ;

 

 

1,145,000

 

 

1,090,613

 

Ser. B, 6.625%, 08/15/2015

 

 

2,790,000

 

 

2,657,475

 

Mediacom Broadband, LLC, 8.50%, 10/15/2015 ρ;

 

 

340,000

 

 

280,500

 

 

 

 

5

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

CORPORATE BONDS     continued

 

 

 

 

 

 

 

CONSUMER DISCRETIONARY     continued

 

 

 

 

 

 

 

Media      continued

 

 

 

 

 

 

 

Mediacom Communications Corp.:

 

 

 

 

 

 

 

7.875%, 02/15/2011

 

$

275,000

 

$

246,813

 

9.50%, 01/15/2013

 

 

2,155,000

 

 

1,934,113

 

Paxson Communications Corp., FRN, 10.51%, 01/15/2013 144A

 

 

3,655,000

 

 

3,170,712

 

R.H. Donnelley Corp., Ser. A-4, 8.875%, 10/15/2017 144A

 

 

4,665,000

 

 

3,976,912

 

Sinclair Broadcast Group, Inc., 8.00%, 03/15/2012 ρ;

 

 

1,327,000

 

 

1,346,905

 

Sirius Satellite Radio, Inc., 9.625%, 08/01/2013

 

 

2,185,000

 

 

1,879,100

 

Visant Corp., 7.625%, 10/01/2012

 

 

3,035,000

 

 

3,012,237

 

XM Satellite Radio Holdings, Inc., 9.75%, 05/01/2014 ρ;

 

 

2,115,000

 

 

1,929,938

 

Young Broadcasting, Inc., 8.75%, 01/15/2014

 

 

4,731,000

 

 

3,240,735

 

 

 

 

 

 

 

34,727,709

 

Multi-line Retail     0.3%

 

 

 

 

 

 

 

Neiman Marcus Group, Inc., 9.00%, 10/15/2015

 

 

2,240,000

 

 

2,251,200

 

Specialty Retail     0.9%

 

 

 

 

 

 

 

American Achievement Corp., 8.25%, 04/01/2012

 

 

2,360,000

 

 

2,171,200

 

Home Depot, Inc., 5.875%, 12/16/2036

 

 

665,000

 

 

556,693

 

Michaels Stores, Inc., 10.00%, 11/01/2014 ρ;

 

 

1,215,000

 

 

1,087,425

 

Payless ShoeSource, Inc., 8.25%, 08/01/2013

 

 

3,180,000

 

 

2,941,500

 

 

 

 

 

 

 

6,756,818

 

Textiles, Apparel & Luxury Goods     1.7%

 

 

 

 

 

 

 

AAC Group Holdings Corp., Sr. Disc. Note, Step Bond, 0.00%, 10/01/2012 †

 

 

445,000

 

 

371,575

 

Norcross Safety Products, LLC, Ser. B, 9.875%, 08/15/2011

 

 

3,330,000

 

 

3,438,225

 

Oxford Industries, Inc., 8.875%, 06/01/2011

 

 

4,480,000

 

 

4,401,600

 

Unifi, Inc., 11.50%, 05/15/2014

 

 

823,000

 

 

602,848

 

Warnaco Group, Inc., 8.875%, 06/15/2013

 

 

3,835,000

 

 

3,921,287

 

 

 

 

 

 

 

12,735,535

 

CONSUMER STAPLES     1.8%

 

 

 

 

 

 

 

Beverages      0.1%

 

 

 

 

 

 

 

Constellation Brands, Inc., 8.375%, 12/15/2014 ρ;

 

 

975,000

 

 

1,009,125

 

Food & Staples Retailing     0.2%

 

 

 

 

 

 

 

Ingles Markets, Inc., 8.875%, 12/01/2011

 

 

1,295,000

 

 

1,317,662

 

Rite Aid Corp., 8.125%, 05/01/2010

 

 

225,000

 

 

217,969

 

 

 

 

 

 

 

1,535,631

 

Food Products     0.9%

 

 

 

 

 

 

 

Dean Foods Co., 6.625%, 05/15/2009

 

 

195,000

 

 

193,538

 

Del Monte Foods Co.:

 

 

 

 

 

 

 

6.75%, 02/15/2015

 

 

195,000

 

 

182,325

 

8.625%, 12/15/2012

 

 

4,648,000

 

 

4,717,720

 

Pilgrim’s Pride Corp., 8.375%, 05/01/2017 ρ;

 

 

1,805,000

 

 

1,583,887

 

Smithfield Foods, Inc., 7.75%, 07/01/2017

 

 

65,000

 

 

61,750

 

 

 

 

 

 

 

6,739,220

 

Household Products     0.2%

 

 

 

 

 

 

 

Church & Dwight Co., 6.00%, 12/15/2012 ρ;

 

 

1,725,000

 

 

1,690,500

 

Personal Products     0.4%

 

 

 

 

 

 

 

Central Garden & Pet Co., 9.125%, 02/01/2013

 

 

3,600,000

 

 

2,880,000

 

ENERGY      9.3%

 

 

 

 

 

 

 

Electric Utilities     1.1%

 

 

 

 

 

 

 

Energy Future Holdings Corp., 10.875%, 11/01/2017 ρ; 144A

 

 

5,700,000

 

 

5,671,500

 

Texas Competitive Electric Holdings Co., LLC:

 

 

 

 

 

 

 

10.25%, 11/01/2015 144A

 

 

2,590,000

 

 

2,557,625

 

10.50%, 11/01/2016 ρ; 144A

 

 

110,000

 

 

107,250

 

 

 

 

 

 

 

8,336,375

 

 

6

 

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

CORPORATE BONDS     continued

 

 

 

 

 

 

 

ENERGY      continued

 

 

 

 

 

 

 

Energy Equipment & Services     1.8%

 

 

 

 

 

 

 

Bristow Group, Inc.:

 

 

 

 

 

 

 

6.125%, 06/15/2013

 

$

160,000

 

$

154,800

 

7.50%, 09/15/2017 144A

 

 

1,030,000

 

 

1,045,450

 

Dresser-Rand Group, Inc., 7.375%, 11/01/2014

 

 

1,870,000

 

 

1,841,950

 

GulfMark Offshore, Inc., 7.75%, 07/15/2014 ρ

 

 

1,675,000

 

 

1,708,500

 

Helix Energy Solutions, Inc., 9.50%, 01/15/2016 144A

 

 

425,000

 

 

433,500

 

Hornbeck Offshore Services, Inc., Ser. B, 6.125%, 12/01/2014

 

 

4,245,000

 

 

3,969,075

 

Parker Drilling Co., 9.625%, 10/01/2013

 

 

2,111,000

 

 

2,237,660

 

PHI, Inc., 7.125%, 04/15/2013

 

 

2,285,000

 

 

2,185,031

 

 

 

 

 

 

 

13,575,966

 

Oil, Gas & Consumable Fuels     6.4%

 

 

 

 

 

 

 

Chesapeake Energy Corp.:

 

 

 

 

 

 

 

6.875%, 01/15/2016

 

 

1,300,000

 

 

1,293,500

 

7.75%, 01/15/2015 ρ

 

 

3,425,000

 

 

3,527,750

 

Clayton Williams Energy, Inc., 7.75%, 08/01/2013

 

 

920,000

 

 

795,800

 

Delta Petroleum Corp., 7.00%, 04/01/2015

 

 

1,800,000

 

 

1,548,000

 

El Paso Corp., 7.00%, 06/15/2017

 

 

915,000

 

 

932,874

 

Encore Acquisition Co.:

 

 

 

 

 

 

 

6.00%, 07/15/2015

 

 

1,955,000

 

 

1,774,163

 

6.25%, 04/15/2014

 

 

660,000

 

 

617,100

 

Energy Partners, Ltd., 9.75%, 04/15/2014 ρ

 

 

993,000

 

 

858,945

 

Exco Resources, Inc., 7.25%, 01/15/2011

 

 

2,505,000

 

 

2,404,800

 

Forest Oil Corp.:

 

 

 

 

 

 

 

7.25%, 06/15/2019 ρ 144A

 

 

1,120,000

 

 

1,125,600

 

7.75%, 05/01/2014

 

 

80,000

 

 

81,600

 

Frontier Oil Corp., 6.625%, 10/01/2011

 

 

625,000

 

 

618,750

 

Griffin Coal Mining Co., Ltd., 9.50%, 12/01/2016 144A

 

 

7,735,000

 

 

6,326,462

 

Mariner Energy, Inc., 8.00%, 05/15/2017

 

 

552,000

 

 

529,920

 

Overseas Shipholding Group, Inc., 8.25%, 03/15/2013

 

 

4,425,000

 

 

4,535,625

 

Peabody Energy Corp.:

 

 

 

 

 

 

 

5.875%, 04/15/2016

 

 

3,955,000

 

 

3,717,700

 

6.875%, 03/15/2013

 

 

635,000

 

 

633,413

 

Plains Exploration & Production Co., 7.75%, 06/15/2015

 

 

895,000

 

 

900,594

 

Regency Energy Partners, LP, 8.375%, 12/15/2013

 

 

670,000

 

 

683,400

 

Sabine Pass LNG, LP:

 

 

 

 

 

 

 

7.25%, 11/30/2013

 

 

665,000

 

 

631,750

 

7.50%, 11/30/2016

 

 

3,805,000

 

 

3,586,212

 

Southwestern Energy Co., 7.50%, 02/01/2018 144A

 

 

1,220,000

 

 

1,259,650

 

Targa Resources, Inc., 8.50%, 11/01/2013

 

 

2,235,000

 

 

2,117,662

 

Tesoro Corp.:

 

 

 

 

 

 

 

6.50%, 06/01/2017

 

 

2,150,000

 

 

2,107,000

 

6.625%, 11/01/2015 ρ

 

 

765,000

 

 

747,788

 

Williams Cos.:

 

 

 

 

 

 

 

7.50%, 01/15/2031

 

 

2,080,000

 

 

2,225,600

 

8.125%, 03/15/2012

 

 

3,195,000

 

 

3,506,512

 

 

 

 

 

 

 

49,088,170

 

FINANCIALS      9.3%

 

 

 

 

 

 

 

Consumer Finance     6.1%

 

 

 

 

 

 

 

CCH II Capital Corp., 10.25%, 09/15/2010 ρ

 

 

9,230,000

 

 

8,783,101

 

Daimler Financial Services AG, 4.875%, 06/15/2010

 

 

1,000,000

 

 

1,017,561

 

Ford Motor Credit Co., LLC:

 

 

 

 

 

 

 

5.70%, 01/15/2010

 

 

25,000

 

 

22,882

 

7.375%, 10/28/2009

 

 

5,760,000

 

 

5,549,149

 

9.75%, 09/15/2010 ρ

 

 

8,618,000

 

 

8,328,642

 

 

 

7

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

CORPORATE BONDS     continued

 

 

 

 

 

 

 

FINANCIALS      continued

 

 

 

 

 

 

 

Consumer Finance     continued

 

 

 

 

 

 

 

General Motors Acceptance Corp., LLC:

 

 

 

 

 

 

 

5.625%, 05/15/2009 ρ

 

$

1,405,000

 

$

1,360,447

 

6.875%, 09/15/2011

 

 

10,340,000

 

 

9,046,931

 

6.875%, 08/28/2012

 

 

410,000

 

 

348,434

 

7.25%, 03/02/2011

 

 

135,000

 

 

122,049

 

7.75%, 01/19/2010

 

 

1,505,000

 

 

1,440,351

 

8.00%, 11/01/2031

 

 

3,960,000

 

 

3,289,624

 

FRN:

 

 

 

 

 

 

 

6.03%, 09/23/2008

 

 

1,185,000

 

 

1,152,679

 

6.12%, 05/15/2009

 

 

2,305,000

 

 

2,152,702

 

HSBC Finance Corp., 5.00%, 06/30/2015

 

 

2,400,000

 

 

2,338,625

 

Qwest Capital Funding, Inc., 6.50%, 11/15/2018

 

 

760,000

 

 

642,200

 

Sprint Capital Corp., 6.875%, 11/15/2028

 

 

1,540,000

 

 

1,295,308

 

 

 

 

 

 

 

46,890,685

 

Diversified Financial Services     0.6%

 

 

 

 

 

 

 

Leucadia National Corp.:

 

 

 

 

 

 

 

7.125%, 03/15/2017

 

 

555,000

 

 

525,863

 

8.125%, 09/15/2015

 

 

4,010,000

 

 

4,010,000

 

 

 

 

 

 

 

4,535,863

 

Real Estate Investment Trusts     1.3%

 

 

 

 

 

 

 

Host Marriott Corp.:

 

 

 

 

 

 

 

7.125%, 11/01/2013 ρ

 

 

2,310,000

 

 

2,298,450

 

Ser. O, 6.375%, 03/15/2015

 

 

140,000

 

 

134,400

 

Ser. Q, 6.75%, 06/01/2016

 

 

2,995,000

 

 

2,897,662

 

Omega Healthcare Investors, Inc.:

 

 

 

 

 

 

 

7.00%, 04/01/2014

 

 

1,205,000

 

 

1,198,975

 

7.00%, 01/15/2016

 

 

1,840,000

 

 

1,821,600

 

Thornburg Mortgage, Inc., 8.00%, 05/15/2013 ρ

 

 

554,000

 

 

469,515

 

Ventas, Inc., 7.125%, 06/01/2015

 

 

840,000

 

 

873,600

 

 

 

 

 

 

 

9,694,202

 

Real Estate Management & Development     0.0%

 

 

 

 

 

 

 

Realogy Corp., 10.50%, 04/15/2014 ρ 144A

 

 

75,000

 

 

54,000

 

Thrifts & Mortgage Finance     1.3%

 

 

 

 

 

 

 

Residential Capital, LLC:

 

 

 

 

 

 

 

7.625%, 11/21/2008

 

 

2,490,000

 

 

1,929,750

 

7.875%, 06/30/2010

 

 

11,730,000

 

 

7,683,150

 

FRN, 5.65%, 06/09/2008

 

 

390,000

 

 

335,400

 

 

 

 

 

 

 

9,948,300

 

HEALTH CARE     2.7%

 

 

 

 

 

 

 

Health Care Providers & Services     2.7%

 

 

 

 

 

 

 

HCA, Inc.:

 

 

 

 

 

 

 

6.375%, 01/15/2015

 

 

2,448,000

 

 

2,099,160

 

6.50%, 02/15/2016 ρ

 

 

845,000

 

 

721,419

 

8.75%, 09/01/2010

 

 

2,780,000

 

 

2,800,850

 

9.25%, 11/15/2016

 

 

7,780,000

 

 

8,178,725

 

Omnicare, Inc.:

 

 

 

 

 

 

 

6.125%, 06/01/2013

 

 

3,590,000

 

 

3,248,950

 

6.875%, 12/15/2015

 

 

3,775,000

 

 

3,416,375

 

 

 

 

 

 

 

20,465,479

 

 

8

 





EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

CORPORATE BONDS     continued

 

 

 

 

 

 

 

INDUSTRIALS      5.4%

 

 

 

 

 

 

 

Aerospace & Defense     3.0%

 

 

 

 

 

 

 

Alliant Techsystems, Inc., 6.75%, 04/01/2016 ρ

 

$

555,000

 

$

538,350

 

DRS Technologies, Inc.:

 

 

 

 

 

 

 

6.625%, 02/01/2016

 

 

1,020,000

 

 

1,002,150

 

7.625%, 02/01/2018

 

 

425,000

 

 

421,813

 

Hexcel Corp., 6.75%, 02/01/2015

 

 

1,700,000

 

 

1,649,000

 

L-3 Communications Holdings, Inc.:

 

 

 

 

 

 

 

5.875%, 01/15/2015

 

 

11,720,000

 

 

11,456,300

 

6.125%, 01/15/2014 ρ

 

 

1,450,000

 

 

1,435,500

 

6.375%, 10/15/2015

 

 

4,839,000

 

 

4,826,902

 

Vought Aircraft Industries, Inc., 8.00%, 07/15/2011 ρ

 

 

1,775,000

 

 

1,646,312

 

 

 

 

 

 

 

22,976,327

 

Commercial Services & Supplies     0.9%

 

 

 

 

 

 

 

Browning-Ferris Industries, Inc.:

 

 

 

 

 

 

 

7.40%, 09/15/2035

 

 

4,315,000

 

 

3,991,375

 

9.25%, 05/01/2021

 

 

1,530,000

 

 

1,614,150

 

Corrections Corporation of America, 6.25%, 03/15/2013

 

 

195,000

 

 

195,000

 

Geo Group, Inc., 8.25%, 07/15/2013

 

 

515,000

 

 

521,438

 

Mobile Mini, Inc., 6.875%, 05/01/2015

 

 

860,000

 

 

752,500

 

 

 

 

 

 

 

7,074,463

 

Machinery      0.5%

 

 

 

 

 

 

 

Commercial Vehicle Group, Inc., 8.00%, 07/01/2013

 

 

4,995,000

 

 

4,251,994

 

Road & Rail     0.8%

 

 

 

 

 

 

 

Avis Budget Car Rental, LLC:

 

 

 

 

 

 

 

7.625%, 05/15/2014 ρ

 

 

210,000

 

 

194,250

 

7.75%, 05/15/2016

 

 

2,250,000

 

 

2,013,750

 

Hertz Global Holdings, Inc.:

 

 

 

 

 

 

 

8.875%, 01/01/2014

 

 

1,305,000

 

 

1,265,850

 

10.50%, 01/01/2016 ρ

 

 

95,000

 

 

91,794

 

Kansas City Southern:

 

 

 

 

 

 

 

7.50%, 06/15/2009

 

 

1,140,000

 

 

1,152,825

 

9.50%, 10/01/2008

 

 

1,450,000

 

 

1,484,437

 

 

 

 

 

 

 

6,202,906

 

Trading Companies & Distributors     0.2%

 

 

 

 

 

 

 

Neff Corp., 10.00%, 06/01/2015 ρ

 

 

220,000

 

 

105,600

 

United Rentals, Inc., 6.50%, 02/15/2012 ρ

 

 

1,320,000

 

 

1,221,000

 

 

 

 

 

 

 

1,326,600

 

INFORMATION TECHNOLOGY     2.6%

 

 

 

 

 

 

 

Electronic Equipment & Instruments     1.0%

 

 

 

 

 

 

 

Da-Lite Screen Co., Inc., 9.50%, 05/15/2011

 

 

2,825,000

 

 

2,634,313

 

Jabil Circuit, Inc., 8.25%, 03/15/2018 144A

 

 

3,910,000

 

 

3,800,911

 

Sanmina-SCI Corp.:

 

 

 

 

 

 

 

6.75%, 03/01/2013 ρ

 

 

445,000

 

 

387,150

 

8.125%, 03/01/2016 ρ

 

 

710,000

 

 

623,025

 

FRN, 7.74%, 06/15/2010 144A

 

 

569,000

 

 

569,000

 

 

 

 

 

 

 

8,014,399

 

IT Services     1.1%

 

 

 

 

 

 

 

First Data Corp., 9.875%, 09/24/2015 ρ 144A

 

 

3,580,000

 

 

3,172,775

 

ipayment, Inc., 9.75%, 05/15/2014

 

 

2,000,000

 

 

1,860,000

 

SunGard Data Systems, Inc.:

 

 

 

 

 

 

 

4.875%, 01/15/2014 ρ

 

 

2,595,000

 

 

2,251,162

 

10.25%, 08/15/2015 ρ

 

 

110,000

 

 

110,550

 

Unisys Corp., 6.875%, 03/15/2010

 

 

765,000

 

 

722,925

 

 

 

 

 

 

 

8,117,412

 

 

 

9

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

CORPORATE BONDS     continued

 

 

 

 

 

 

 

INFORMATION TECHNOLOGY     continued

 

 

 

 

 

 

 

Semiconductors & Semiconductor Equipment     0.4%

 

 

 

 

 

 

 

Freescale Semiconductor, Inc.:

 

 

 

 

 

 

 

8.875%, 12/15/2014

 

$

1,930,000

 

$

1,577,775

 

9.125%, 12/15/2014

 

 

775,000

 

 

578,344

 

Spansion, Inc.:

 

 

 

 

 

 

 

11.25%, 01/15/2016 ρ 144A

 

 

880,000

 

 

620,400

 

FRN, 8.25%, 06/01/2013 144A

 

 

385,000

 

 

295,487

 

 

 

 

 

 

 

3,072,006

 

Software      0.1%

 

 

 

 

 

 

 

Activant Solutions, Inc., 9.50%, 05/01/2016

 

 

915,000

 

 

776,606

 

MATERIALS      7.8%

 

 

 

 

 

 

 

Chemicals      2.9%

 

 

 

 

 

 

 

ARCO Chemical Co.:

 

 

 

 

 

 

 

9.80%, 02/01/2020

 

 

1,050,000

 

 

960,750

 

10.25%, 11/01/2010

 

 

180,000

 

 

186,300

 

Huntsman, LLC, 11.625%, 10/15/2010

 

 

3,000,000

 

 

3,157,500

 

Koppers Holdings, Inc.:

 

 

 

 

 

 

 

9.875%, 10/15/2013

 

 

215,000

 

 

230,050

 

Sr. Disc. Note, Step Bond, 0.00%, 11/15/2014 †

 

 

2,235,000

 

 

1,899,750

 

MacDermid, Inc., 9.50%, 04/15/2017 144A

 

 

3,833,000

 

 

3,315,545

 

Millenium America, Inc., 7.625%, 11/15/2026

 

 

2,135,000

 

 

1,526,525

 

Momentive Performance Materials, Inc., 9.75%, 12/01/2014

 

 

3,685,000

 

 

3,353,350

 

Mosaic Co.:

 

 

 

 

 

 

 

7.30%, 01/15/2028

 

 

1,285,000

 

 

1,291,425

 

7.875%, 12/01/2016 ρ 144A

 

 

1,800,000

 

 

1,953,000

 

Tronox Worldwide, LLC, 9.50%, 12/01/2012

 

 

4,605,000

 

 

4,351,725

 

 

 

 

 

 

 

22,225,920

 

Construction Materials     0.4%

 

 

 

 

 

 

 

CPG International, Inc., 10.50%, 07/01/2013

 

 

3,605,000

 

 

3,226,475

 

Dayton Superior Corp., 13.00%, 06/15/2009

 

 

225,000

 

 

189,563

 

 

 

 

 

 

 

3,416,038

 

Containers & Packaging    2.0%

 

 

 

 

 

 

 

BPC Holding Corp., 8.875%, 09/15/2014 ρ

 

 

1,251,000

 

 

1,116,517

 

Exopack Holding Corp., 11.25%, 02/01/2014

 

 

3,350,000

 

 

3,157,375

 

Graham Packaging Co.:

 

 

 

 

 

 

 

8.50%, 10/15/2012 ρ

 

 

1,840,000

 

 

1,628,400

 

9.875%, 10/15/2014 ρ

 

 

2,055,000

 

 

1,746,750

 

Graphic Packaging International, Inc.:

 

 

 

 

 

 

 

8.50%, 08/15/2011 ρ

 

 

1,890,000

 

 

1,842,750

 

9.50%, 08/15/2013

 

 

2,340,000

 

 

2,217,150

 

Smurfit-Stone Container Corp., 8.375%, 07/01/2012

 

 

3,520,000

 

 

3,423,200

 

 

 

 

 

 

 

15,132,142

 

Metals & Mining     0.7%

 

 

 

 

 

 

 

Freeport-McMoRan Copper & Gold, Inc.:

 

 

 

 

 

 

 

6.875%, 02/01/2014

 

 

1,930,000

 

 

1,968,600

 

8.375%, 04/01/2017

 

 

1,480,000

 

 

1,576,200

 

Indalex Holdings Corp., 11.50%, 02/01/2014

 

 

1,780,000

 

 

1,579,750

 

 

 

 

 

 

 

5,124,550

 

 

 

10

 





EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

CORPORATE BONDS     continued

 

 

 

 

 

 

 

MATERIALS      continued

 

 

 

 

 

 

 

Paper & Forest Products     1.8%

 

 

 

 

 

 

 

Bowater, Inc., 9.375%, 12/15/2021

 

$

800,000

 

$

580,000

 

Georgia Pacific Corp.:

 

 

 

 

 

 

 

8.125%, 05/15/2011

 

 

5,400,000

 

 

5,427,000

 

8.875%, 05/15/2031

 

 

2,380,000

 

 

2,249,100

 

Glatfelter, 7.125%, 05/01/2016

 

 

1,660,000

 

 

1,647,550

 

Newpage Corp., 10.00%, 05/01/2012 ρ 144A

 

 

1,700,000

 

 

1,700,000

 

Verso Paper Holdings, LLC, 11.375%, 08/01/2016

 

 

2,673,000

 

 

2,566,080

 

 

 

 

 

 

 

14,169,730

 

TELECOMMUNICATION SERVICES     4.2%

 

 

 

 

 

 

 

Diversified Telecommunication Services     1.7%

 

 

 

 

 

 

 

Citizens Communications Co.:

 

 

 

 

 

 

 

7.875%, 01/15/2027

 

 

430,000

 

 

395,600

 

9.25%, 05/15/2011

 

 

2,570,000

 

 

2,749,900

 

Consolidated Communications, Inc., 9.75%, 04/01/2012

 

 

3,500,000

 

 

3,570,000

 

Qwest Corp., 8.875%, 03/15/2012

 

 

4,395,000

 

 

4,664,194

 

West Corp., 11.00%, 10/15/2016 ρ

 

 

1,905,000

 

 

1,743,075

 

 

 

 

 

 

 

13,122,769

 

Wireless Telecommunication Services     2.5%

 

 

 

 

 

 

 

Centennial Communications Corp.:

 

 

 

 

 

 

 

8.125%, 02/01/2014

 

 

2,735,000

 

 

2,584,575

 

10.125%, 06/15/2013

 

 

2,165,000

 

 

2,224,537

 

Cricket Communications, Inc.:

 

 

 

 

 

 

 

9.375%, 11/01/2014

 

 

1,370,000

 

 

1,253,550

 

9.375%, 11/01/2014 144A

 

 

1,420,000

 

 

1,299,300

 

MetroPCS Wireless, Inc., 9.25%, 11/01/2014

 

 

3,805,000

 

 

3,519,625

 

Rural Cellular Corp., 8.25%, 03/15/2012

 

 

5,410,000

 

 

5,599,350

 

Sprint Nextel Corp.:

 

 

 

 

 

 

 

Ser. D, 7.375%, 08/01/2015

 

 

2,145,000

 

 

1,963,672

 

Ser. F, 5.95%, 03/15/2014

 

 

1,010,000

 

 

892,109

 

 

 

 

 

 

 

19,336,718

 

UTILITIES      4.5%

 

 

 

 

 

 

 

Electric Utilities     4.3%

 

 

 

 

 

 

 

Allegheny Energy Supply Co., 8.25%, 04/15/2012 144A

 

 

4,095,000

 

 

4,402,125

 

Aquila, Inc., 14.625%, 07/01/2012

 

 

5,274,000

 

 

6,605,685

 

CMS Energy Corp.:

 

 

 

 

 

 

 

6.55%, 07/17/2017

 

 

270,000

 

 

266,026

 

8.50%, 04/15/2011

 

 

515,000

 

 

556,637

 

Edison Mission Energy:

 

 

 

 

 

 

 

7.00%, 05/15/2017

 

 

560,000

 

 

547,400

 

7.20%, 05/15/2019

 

 

1,170,000

 

 

1,146,600

 

Mirant Americas Generation, LLC, 8.50%, 10/01/2021 ρ

 

 

490,000

 

 

434,875

 

Mirant Mid-Atlantic, LLC, Ser. C, 10.06%, 12/30/2028

 

 

480,000

 

 

556,800

 

Mirant North America, LLC, 7.375%, 12/31/2013 ρ

 

 

5,140,000

 

 

5,165,700

 

NRG Energy, Inc., 7.375%, 02/01/2016

 

 

4,215,000

 

 

4,083,281

 

Orion Power Holdings, Inc., 12.00%, 05/01/2010

 

 

3,195,000

 

 

3,490,537

 

Reliant Energy, Inc.:

 

 

 

 

 

 

 

6.75%, 12/15/2014

 

 

5,135,000

 

 

5,205,606

 

7.875%, 06/15/2017 ρ

 

 

85,000

 

 

83,300

 

 

 

 

 

 

 

32,544,572

 

Independent Power Producers & Energy Traders     0.2%

 

 

 

 

 

 

 

AES Corp., 8.00%, 10/15/2017

 

 

110,000

 

 

112,750

 

Dynegy Holdings, Inc., 7.50%, 06/01/2015 ρ

 

 

1,745,000

 

 

1,635,938

 

 

 

 

 

 

 

1,748,688

 

Total Corporate Bonds     (cost $520,080,096)

 

 

 

 

 

490,920,940

 


 

 

11

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

FOREIGN BONDS – CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)    18.5%

 

 

 

 

 

 

 

CONSUMER DISCRETIONARY     0.4%

 

 

 

 

 

 

 

Media      0.1%

 

 

 

 

 

 

 

Central European Media Enterprise, Ltd.:

 

 

 

 

 

 

 

8.25%, 05/15/2012 EUR

 

 

500,000

 

$

722,961

 

FRN, 6.20%, 05/15/2014 EUR

 

 

250,000

 

 

312,534

 

 

 

 

 

 

 

1,035,495

 

Multi-line Retail     0.3%

 

 

 

 

 

 

 

Marks & Spencer Group plc, 6.375%, 11/07/2011 GBP

 

 

1,000,000

 

 

1,985,664

 

CONSUMER STAPLES     1.3%

 

 

 

 

 

 

 

Beverages      0.2%

 

 

 

 

 

 

 

Canandaigua Brands, Inc., 8.50%, 11/15/2009 GBP

 

 

750,000

 

 

1,472,620

 

Food & Staples Retailing     0.3%

 

 

 

 

 

 

 

Koninklijke Ahold NV, 5.875%, 03/14/2012 EUR

 

 

1,000,000

 

 

1,499,749

 

Tesco plc, 3.875%, 03/24/2011 EUR

 

 

620,000

 

 

909,084

 

 

 

 

 

 

 

2,408,833

 

Tobacco      0.8%

 

 

 

 

 

 

 

British American Tobacco plc, 5.75%, 12/09/2013 GBP

 

 

3,140,000

 

 

6,170,903

 

ENERGY      0.3%

 

 

 

 

 

 

 

Oil, Gas & Consumable Fuels     0.3%

 

 

 

 

 

 

 

GAZPROM OAO, 5.36%, 10/31/2014 EUR

 

 

1,100,000

 

 

1,492,347

 

Transco plc, 7.00%, 12/15/2008 AUD

 

 

1,000,000

 

 

892,382

 

 

 

 

 

 

 

2,384,729

 

FINANCIALS      14.2%

 

 

 

 

 

 

 

Capital Markets     0.4%

 

 

 

 

 

 

 

Morgan Stanley, 5.375%, 11/14/2013 GBP

 

 

1,510,000

 

 

2,852,436

 

Commercial Banks    8.3%

 

 

 

 

 

 

 

Bank Nederlandse Gemeenten NV, 4.875%, 04/21/2010 GBP

 

 

7,595,000

 

 

15,134,729

 

Eurofima:

 

 

 

 

 

 

 

6.25%, 12/28/2018 AUD

 

 

2,450,000

 

 

2,111,771

 

6.50%, 08/22/2011 AUD

 

 

5,000,000

 

 

4,391,961

 

European Investment Bank:

 

 

 

 

 

 

 

5.75%, 09/15/2009 AUD

 

 

5,470,000

 

 

4,811,715

 

6.125%, 01/23/2017 AUD

 

 

12,430,000

 

 

10,629,701

 

Kommunalbanken AS, 4.125%, 06/03/2013 CAD

 

 

1,980,000

 

 

1,953,272

 

Kreditanstalt für Wiederaufbau:

 

 

 

 

 

 

 

4.95%, 10/14/2014 CAD

 

 

6,310,000

 

 

6,555,656

 

6.00%, 07/15/2009 NZD

 

 

8,250,000

 

 

6,299,968

 

Landwirtschaftliche Rentenbank:

 

 

 

 

 

 

 

4.25%, 11/16/2012 CAD

 

 

7,110,000

 

 

7,154,373

 

5.75%, 01/21/2015 AUD

 

 

5,330,000

 

 

4,438,829

 

Rabobank Australia, Ltd., 6.25%, 11/22/2011 NZD

 

 

725,000

 

 

539,839

 

 

 

 

 

 

 

64,021,814

 

Consumer Finance     1.6%

 

 

 

 

 

 

 

ABB International Finance, Ltd., 6.50%, 11/30/2011 EUR

 

 

5,360,000

 

 

8,435,016

 

HSBC Finance Corp., 7.00%, 03/27/2012 GBP

 

 

370,000

 

 

750,329

 

Total Capital SA, 5.50%, 01/29/2013 GBP

 

 

1,000,000

 

 

2,027,022

 

Virgin Media Finance plc, 8.75%, 04/15/2014 EUR

 

 

940,000

 

 

1,213,932

 

 

 

 

 

 

 

12,426,299

 

Diversified Financial Services     1.3%

 

 

 

 

 

 

 

GE Capital European Funding, 4.125%, 10/27/2016 EUR

 

 

4,750,000

 

 

6,652,649

 

General Electric Capital Corp., 5.25%, 12/10/2013 GBP

 

 

780,000

 

 

1,531,060

 

Lighthouse Group plc, 8.00%, 04/30/2014 EUR

 

 

1,000,000

 

 

1,417,486

 

 

 

 

 

 

 

9,601,195

 

 

 

12

 

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

FOREIGN BONDS – CORPORATE (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED) continued

 

 

 

 

 

 

 

FINANCIALS      continued

 

 

 

 

 

 

 

Insurance      0.6%

 

 

 

 

 

 

 

AIG SunAmerica, Inc., 5.625%, 02/01/2012 GBP

 

 

2,000,000

 

$

3,908,496

 

Travelers Insurance Co., 6.00%, 04/07/2009 AUD

 

 

1,000,000

 

 

879,113

 

 

 

 

 

 

 

4,787,609

 

Thrifts & Mortgage Finance     2.0%

 

 

 

 

 

 

 

Nykredit, 5.00%, 10/01/2035 DKK

 

 

26,791,813

 

 

5,246,860

 

Realkredit Danmark, 4.00%, 10/01/2035 DKK

 

 

17,818,559

 

 

3,215,325

 

Totalkredit, FRN, 5.36%, 01/01/2015 DKK

 

 

33,980,622

 

 

6,920,756

 

 

 

 

 

 

 

15,382,941

 

INDUSTRIALS      0.5%

 

 

 

 

 

 

 

Aerospace & Defense     0.2%

 

 

 

 

 

 

 

Bombardier, Inc., 7.25%, 11/15/2016 EUR

 

 

930,000

 

 

1,322,267

 

Machinery     0.3%

 

 

 

 

 

 

 

Harsco Corp., 7.25%, 10/27/2010 GBP

 

 

1,000,000

 

 

2,076,929

 

Savcio Holdings, Ltd., 8.00%, 02/15/2013 EUR

 

 

250,000

 

 

313,221

 

 

 

 

 

 

 

2,390,150

 

INFORMATION TECHNOLOGY      0.4%

 

 

 

 

 

 

 

Office Electronics     0.4%

 

 

 

 

 

 

 

Xerox Corp., 9.75%, 01/15/2009 EUR

 

 

1,800,000

 

 

2,785,105

 

MATERIALS      0.1%

 

 

 

 

 

 

 

Containers & Packaging     0.1%

 

 

 

 

 

 

 

Owens-Illinois European Group BV, 6.875%, 03/31/2017 EUR

 

 

500,000

 

 

639,992

 

TELECOMMUNICATION SERVICES     1.3%

 

 

 

 

 

 

 

Diversified Telecommunication Services     1.3%

 

 

 

 

 

 

 

Deutsche Telekom AG, 6.25%, 12/09/2010 GBP

 

 

2,700,000

 

 

5,451,484

 

France Telecom, 7.25%, 01/28/2013 EUR

 

 

1,850,000

 

 

3,032,897

 

Nordic Telephone Co., 8.25%, 05/01/2016 EUR

 

 

900,000

 

 

1,266,917

 

Total Foreign Bonds – Corporate (Principal Amount Denominated in Currency Indicated)     (cost $132,526,605)

 

141,419,350

 

FOREIGN BONDS – GOVERNMENT (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)    19.6%

 

 

 

 

 

 

 

Australia, Ser. 17RG, 5.50%, 03/01/2017 AUD

 

 

3,100,000

 

 

2,568,286

 

Caisse d’Amortissement de la Dette Sociale, 4.125%, 04/25/2017 EUR

 

 

6,580,000

 

 

9,738,399

 

Canada:

 

 

 

 

 

 

 

4.40%, 03/08/2016 CAD

 

 

5,290,000

 

 

5,313,838

 

5.00%, 06/01/2014 CAD

 

 

2,900,000

 

 

3,102,845

 

5.75%, 03/03/2008 NZD

 

 

5,000,000

 

 

3,931,817

 

Denmark, 4.00%, 11/15/2017 DKK

 

 

75,795,000

 

 

14,961,338

 

France, 4.25%, 04/25/2019 EUR

 

 

7,700,000

 

 

11,562,931

 

Germany:

 

 

 

 

 

 

 

3.50%, 10/14/2011 EUR

 

 

4,400,000

 

 

6,526,373

 

3.75%, 01/04/2017 EUR

 

 

2,000,000

 

 

2,930,599

 

Hong Kong, 4.23%, 03/21/2011 HKD

 

 

66,700,000

 

 

9,194,848

 

Korea:

 

 

 

 

 

 

 

5.25%, 09/10/2015 KRW

 

 

2,850,000,000

 

 

3,034,657

 

5.25%, 03/10/2027 KRW

 

 

5,510,000,000

 

 

5,833,321

 

Mexico, 10.00%, 12/05/2024 MXN

 

 

80,640,000

 

 

9,049,541

 

Netherlands:

 

 

 

 

 

 

 

4.00%, 07/15/2016 EUR

 

 

3,795,000

 

 

5,652,665

 

4.00%, 01/15/2037 EUR

 

 

6,350,000

 

 

8,674,786

 

New Zealand, 6.00%, 07/15/2008 NZD

 

 

5,130,000

 

 

4,012,662

 

Norway, 4.25%, 05/19/2017 NOK

 

 

80,900,000

 

 

14,814,936

 

 

 

 

13

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

FOREIGN BONDS – GOVERNMENT (PRINCIPAL AMOUNT DENOMINATED IN CURRENCY INDICATED)    continued

 

 

 

 

 

 

 

Sweden:

 

 

 

 

 

 

 

5.25%, 03/15/2011 SEK

 

 

89,940,000

 

$

14,757,100

 

5.50%, 10/08/2012 SEK

 

 

87,700,000

 

 

14,800,356

 

Total Foreign Bonds – Government (Principal Amount Denominated in Currency Indicated)     (cost $137,957,320)

 

150,461,298

 

YANKEE OBLIGATIONS – CORPORATE     5.7%

 

 

 

 

 

 

 

ENERGY     0.8%

 

 

 

 

 

 

 

Oil, Gas & Consumable Fuels     0.8%

 

 

 

 

 

 

 

Connacher Oil & Gas, Ltd., 10.25%, 12/15/2015 144A

 

$

1,310,000

 

 

1,303,450

 

OPTI Canada, Inc.:

 

 

 

 

 

 

 

7.875%, 12/15/2014 ρ 144A

 

 

3,685,000

 

 

3,592,875

 

8.25%, 12/15/2014 144A

 

 

1,315,000

 

 

1,295,275

 

 

 

 

 

 

 

6,191,600

 

FINANCIALS      1.1%

 

 

 

 

 

 

 

Commercial Banks     0.2%

 

 

 

 

 

 

 

Bank of Moscow, 7.34%, 05/13/2013

 

 

1,500,000

 

 

1,486,950

 

JSC Halyk Bank, 8.125%, 10/07/2009

 

 

500,000

 

 

509,700

 

 

 

 

 

 

 

1,996,650

 

Consumer Finance     0.5%

 

 

 

 

 

 

 

Avago Technologies Finance, Ltd., 10.125%, 12/01/2013

 

 

570,000

 

 

595,650

 

NXP Funding, LLC, 7.875%, 10/15/2014 ρ

 

 

95,000

 

 

87,519

 

Petroplus Finance, Ltd., 6.75%, 05/01/2014 ρ 144A

 

 

680,000

 

 

625,600

 

Virgin Media Finance plc, 9.125%, 08/15/2016

 

 

2,875,000

 

 

2,616,250

 

 

 

 

 

 

 

3,925,019

 

Diversified Financial Services     0.4%

 

 

 

 

 

 

 

Preferred Term Securities XII, Ltd., FRN, 10.00%, 12/24/2033

 

 

635,000

 

 

437,896

 

Ship Finance International, Ltd., 8.50%, 12/15/2013 ρ

 

 

2,380,000

 

 

2,397,850

 

 

 

 

 

 

 

2,835,746

 

INDUSTRIALS      0.8%

 

 

 

 

 

 

 

Road & Rail     0.8%

 

 

 

 

 

 

 

Kansas City Southern de Mexico:

 

 

 

 

 

 

 

7.375%, 06/01/2014 144A

 

 

2,910,000

 

 

2,771,775

 

9.375%, 05/01/2012

 

 

3,235,000

 

 

3,348,225

 

 

 

 

 

 

 

6,120,000

 

INFORMATION TECHNOLOGY     0.8%

 

 

 

 

 

 

 

Communications Equipment     0.6%

 

 

 

 

 

 

 

Nortel Networks Corp., 10.125%, 07/15/2013 ρ 144A

 

 

4,750,000

 

 

4,761,875

 

Semiconductors & Semiconductor Equipment     0.2%

 

 

 

 

 

 

 

Sensata Technologies, Inc., 8.00%, 05/01/2014 ρ

 

 

1,165,000

 

 

1,054,325

 

MATERIALS      1.5%

 

 

 

 

 

 

 

Metals & Mining     1.3%

 

 

 

 

 

 

 

Novelis, Inc., 7.25%, 02/15/2015

 

 

10,790,000

 

 

10,007,725

 

Paper & Forest Products     0.2%

 

 

 

 

 

 

 

Corporacion Durango SAB de CV, 10.50%, 10/05/2017 ρ 144A

 

 

1,875,000

 

 

1,542,187

 

TELECOMMUNICATION SERVICES     0.7%

 

 

 

 

 

 

 

Wireless Telecommunication Services     0.7%

 

 

 

 

 

 

 

Inmarsat Finance II plc, Sr. Disc. Note, Step Bond, 0.00%, 11/15/2012 †

 

 

1,120,000

 

 

1,097,600

 

Intelsat, Ltd.:

 

 

 

 

 

 

 

9.25%, 06/15/2016

 

 

1,265,000

 

 

1,268,162

 

11.25%, 06/15/2016

 

 

1,555,000

 

 

1,562,775

 

Vimpel Communications, 8.25%, 05/23/2016

 

 

1,400,000

 

 

1,398,180

 

 

 

 

 

 

 

5,326,717

 

 

14

 

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

YANKEE OBLIGATIONS – CORPORATE     continued

 

 

 

 

 

 

 

TELECOMMUNICATION SERVICES     continued

 

 

 

 

 

 

 

UTILITIES      0.0%

 

 

 

 

 

 

 

Electric Utilities     0.0%

 

 

 

 

 

 

 

InterGen NV, 9.00%, 06/30/2017 144A

 

$

185,000

 

$

193,788

 

Total Yankee Obligations-Corporate    (cost $46,448,267)

 

 

 

 

 

43,955,632

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

Value

 

COMMON STOCKS     0.1%

 

 

 

 

 

 

 

INDUSTRIALS      0.1%

 

 

 

 

 

 

 

Delta Air Lines, Inc. *

 

 

15,758

 

 

265,207

 

MATERIALS      0.0%

 

 

 

 

 

 

 

Chemicals      0.0%

 

 

 

 

 

 

 

Tronox, Inc., Class A ρ

 

 

31,800

 

 

232,140

 

TELECOMMUNICATION SERVICES     0.0%

 

 

 

 

 

 

 

Wireless Telecommunication Services     0.0%

 

 

 

 

 

 

 

Sprint Nextel Corp.

 

 

23,227

 

 

244,581

 

Total Common Stocks     (cost $836,941)

 

 

 

 

 

741,928

 

PREFERRED STOCKS     0.7%

 

 

 

 

 

 

 

FINANCIALS      0.7%

 

 

 

 

 

 

 

Thrifts & Mortgage Finance     0.7%

 

 

 

 

 

 

 

Fannie Mae, Ser. S, 8.25%

 

 

168,190

 

 

4,443,580

 

Freddie Mac, Ser. Z, 8.375%

 

 

30,345

 

 

814,763

 

Total Preferred Stocks     (cost $4,971,107)

 

 

 

 

 

5,258,343

 

 

 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

 

Value

 

LOANS      2.2%

 

 

 

 

 

 

 

CONSUMER DISCRETIONARY     0.1%

 

 

 

 

 

 

 

Claire’s Stores, Inc., FRN, 5.51%, 05/29/2014

 

$

199,499

 

 

159,549

 

Metaldyne Corp., FRN:

 

 

 

 

 

 

 

7.06%, 01/11/2012 <

 

 

125,000

 

 

106,673

 

7.06%, 01/11/2014 <

 

 

750,000

 

 

638,722

 

 

 

 

 

 

 

904,944

 

ENERGY      0.7%

 

 

 

 

 

 

 

Blue Grass Energy Corp., FRN, 9.75%, 12/30/2013

 

 

5,350,000

 

 

5,183,027

 

Saint Acquisition Corp., FRN, 8.61%, 06/05/2014

 

 

675,000

 

 

521,809

 

 

 

 

 

 

 

5,704,836

 

INDUSTRIALS      0.6%

 

 

 

 

 

 

 

Clarke American Corp., FRN, 7.58%, 02/28/2014 <

 

 

3,470,000

 

 

2,760,281

 

Neff Corp., FRN:

 

 

 

 

 

 

 

7.43%, 11/30/2014 <

 

 

1,555,000

 

 

1,149,487

 

9.20%, 11/30/2014 <

 

 

210,000

 

 

155,236

 

10.25%, 06/01/2008 <

 

 

695,000

 

 

513,758

 

 

 

 

 

 

 

4,578,762

 

INFORMATION TECHNOLOGY     0.3%

 

 

 

 

 

 

 

Flextonics International, Ltd., FRN, 5.01%, 10/01/2014 <

 

 

2,066,374

 

 

1,972,002

 

MATERIALS      0.5%

 

 

 

 

 

 

 

Wimar Co., 6.88%, 01/03/2012

 

 

3,570,000

 

 

3,522,055

 

Total Loans     (cost $17,324,319)

 

 

 

 

 

16,682,599

 

 

 

 

15

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

 

 

 

Shares

 

 

Value

 

SHORT-TERM INVESTMENTS     12.4%

 

 

 

 

 

 

 

MUTUAL FUND SHARES     12.4%

 

 

 

 

 

 

 

Evergreen Institutional Money Market Fund, Class I, 4.31% q ø ρ;ρ;      (cost $94,929,891)

 

 

94,929,891

 

$

94,929,891

 

Total Investments     (cost $1,239,630,696)     160.8%

 

 

 

 

 

1,233,079,104

 

Other Assets and Liabilities and Preferred Shares     (60.8%)

 

 

 

 

 

(466,345,339

)

Net Assets Applicable to Common Shareholders     100.0%

 

 

 

 

$

766,733,765

 

#

When-issued or delayed delivery security

##

All or a portion of this security has been segregated for when-issued or delayed delivery securities.

ρ

All or a portion of this security is on loan.

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 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.

*

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.

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

DKK

 

Danish Krone

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

HKD

 

Hong Kong Dollar

KRW

 

Republic of Korea Won

MXN

 

Mexican Peso

NOK

 

Norwegian Krone

NZD

 

New Zealand Dollar

SEK

 

Swedish Krona

TBA

 

To Be Announced

At January 31, 2008, the Fund had the following open interest rate swap agreements:

 

 

Expiration

 

Notional
Amount

 

Counterparty

 

Cash Flows
Paid
by the Fund

 

Cash Flows
Received
by the Fund

 

Unrealized
Loss

 

 

11/26/2008

 

$112,000,000

 

JPMorgan Chase & Co.

 

Fixed – 3.582%

 

Floating – 3.29%1

 

$686,017

 

 

1

This rate represents the 1 month USD London InterBank Offered Rate (LIBOR) effective for the period from January 28, 2008 through February 26, 2008.

At January 31, 2008, the Fund had the following open credit default swap contracts outstanding:

 

 

Expiration

 

Counterparty

 

Reference
Index

 

Notional
Amount

 

Fixed
Payments
Made

 

Frequency
of Payments
Made

 

Unrealized
Loss

 

12/12/2012

 

Lehman
Brothers

 

Dow Jones CDX
North America
High Yield Index

 

$5,445,000

 

3.75%

 

Quarterly

 

$306,796

 

12/13/2049

 

Goldman Sachs

 

CMBX
North America Index

 

1,000,000

 

0.27%

 

Quarterly

 

139,047

 

 

16

 

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

At January 31, 2008, 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 January 31, 2008

 

In Exchange for U.S. $

 

Unrealized Gain

 

04/07/2008

 

257,700,000 JPY

 

$2,430,721

 

$2,397,209

 

$33,512

 

04/15/2008

 

2,478,000 EUR

 

3,670,891

 

3,651,383

 

19,508

Forward Foreign Currency Exchange Contracts to Buy:

 

 

Exchange
Date

 

Contracts to
Receive

 

U.S. Value at
January 31, 2008

 

In Exchange for

 

U.S. Value at
January 31, 2008

 

Unrealized
Gain (Loss)

 

02/13/2008

 

847,127,000 JPY

 

$7,962,405

 

8,500,000 AUD

 

$7,615,323

 

$347,082

 

02/13/2008

 

1,569,995,050 JPY

 

14,756,863

 

15,980,000 AUD

 

14,316,808

 

440,055

 

02/13/2008

 

369,912,000 JPY

 

3,476,916

 

4,000,000 AUD

 

3,583,682

 

(106,766)

 

02/19/2008

 

1,686,744,800 JPY

 

15,861,051

 

20,540,000 NZD

 

16,138,718

 

(277,667)

 

02/19/2008

 

1,283,000 NZD

 

1,008,081

 

111,030,820 JPY

 

1,044,062

 

(35,981)

 

03/14/2008

 

1,015,846,000 JPY

 

9,567,560

 

4,474,304 GBP

 

8,873,259

 

694,301

 

03/14/2008

 

1,020,289,000 JPY

 

9,609,405

 

71,304,004 HKD

 

9,156,011

 

453,394

 

03/14/2008

 

5,865,000 HKD

 

753,113

 

84,690,013 JPY

 

797,637

 

(44,524)

 

04/15/2008

 

10,914,108 EUR

 

16,168,078

 

8,267,000 GBP

 

16,359,951

 

(191,873)

 

04/15/2008

 

1,790,000,000 JPY

 

16,892,243

 

8,496,499 GBP

 

16,814,118

 

78,125

 

04/15/2008

 

2,723,000,000 JPY

 

25,696,970

 

17,058,945 EUR

 

25,270,994

 

425,976

 

04/22/2008

 

1,761,596,000 JPY

 

16,631,350

 

16,997,260 CAD

 

16,915,477

 

(284,127)

Forward Foreign Currency Exchange Contracts to Sell:

 

 

Exchange Date

 

Contracts to Deliver

 

U.S. Value at January 31, 2008

 

In Exchange for U.S.$

 

Unrealized Loss

 

03/18/2008

 

10,484,942 EUR

 

$15,547,954

 

$15,165,000

 

$382,954

On January 31, 2008, the aggregate cost of securities for federal income tax purposes was $1,240,197,342. The gross unrealized appreciation and depreciation on securities based on tax cost was $28,241,811 and $35,360,049, respectively, with a net unrealized depreciation of $7,118,238.

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 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 market 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.

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, 2008, the Fund had unfunded loan commitments of $4,191,830.

 

 

 

17

 


EVERGREEN MULTI-SECTOR INCOME FUND
SCHEDULE OF INVESTMENTS continued

 

 

 

 

 

 

 

January 31, 2008 (unaudited)

 

 

 

 

 

 

 

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.

Dollar roll transactions

The Fund may enter into dollar roll transactions with respect to mortgage-backed securities. In a dollar roll transaction, the Fund sells mortgage-backed securities to financial institutions and simultaneously agrees to accept substantially similar (same type, coupon and maturity) securities at a later date at an agreed upon price. The Fund will use the proceeds generated from the transactions to invest in short-term investments, which may enhance the Fund’s current yield and total return. The Fund accounts for dollar roll transactions as purchases and sales. The Fund could be exposed to risks if the counterparty defaults on its obligation to perform under the terms of the agreement, if the Fund receives inferior securities in comparison to what was sold to the counterparty at redelivery or if there are variances in paydown speed between the mortgage-related pools.

Interest rate swaps

The Fund may enter into interest rate swap agreements to manage the Fund’s exposure to interest rates. A swap agreement is an exchange of cash payments between the Fund and another party based on a notional principal amount. Cash payments or receipts are recorded as realized gains or losses. The value of the swap agreements is marked-to-market daily based upon quotations from market makers and any change in value is recorded as an unrealized gain or loss. The Fund could be exposed to risks if the counterparty defaults on its obligation to perform or if there are unfavorable changes in the fluctuation of interest rates.

Credit default swaps

The Fund may enter into credit default swaps. Credit default swaps involve an exchange of a fixed rate premium for protection against the loss in value of an underlying debt instrument in the event of default or bankruptcy. Under the terms of the swap, one party acts as a “guarantor” and receives a periodic stream of payments that is a fixed percentage applied to a notional principal amount over the term of the swap. In return, the counterparty agrees to purchase the notional amount of the underlying instrument, at par, if a credit event occurs during the term of the swap. Periodic payments are recorded as realized gains or losses. 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 Fund may enter into credit default swaps as either the guarantor or the counterparty.

Swaps are marked-to-market daily based on quotations from market makers and any change in value is recorded as an unrealized gain or loss. Payments received or made as a result of a credit event or termination of the contract are recognized as realized gains or losses. The Fund could be exposed to risks if the counterparty 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.


 

18

 





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:     _________________________________
           Dennis H. Ferro, 
          Principal Executive Officer 
Date:   March 30, 2008 

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:    _________________________________
         Dennis H. Ferro, 
         Principal Executive Officer 
Date:   March 30, 2008 
       
By:     _________________________________
          Kasey Phillips 
         Principal Financial Officer 
Date:   March 30, 2008