|
OMB APPROVAL |
|
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 811-21269
Evergreen Income Advantage 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 Income Advantage Fund, for the quarter ended July 31, 2007. This one series has an April 30 fiscal year end. |
Date of reporting period: July 31, 2007
Item 1 – Schedule of Investments
|
EVERGREEN INCOME ADVANTAGE FUND |
|
July 31, 2007 (unaudited) |
|
|
|
Principal |
|
Value |
| ||
|
CORPORATE BONDS 137.1% |
|
|
|
|
|
|
|
|
CONSUMER DISCRETIONARY 35.5% |
|
|
|
|
|
|
|
|
Auto Components 2.6% |
|
|
|
|
|
|
|
|
ArvinMeritor, Inc., 6.80%, 02/15/2009 |
|
$ |
583,000 |
|
$ |
566,968 |
|
|
Goodyear Tire & Rubber Co.: |
|
|
|
|
|
|
|
|
9.00%, 07/01/2015 ρ |
|
|
6,935,000 |
|
|
7,143,050 |
|
|
11.25%, 03/01/2011 |
|
|
2,075,000 |
|
|
2,235,812 |
|
|
Metaldyne Corp., 11.00%, 06/15/2012 ρ |
|
|
8,007,000 |
|
|
7,506,562 |
|
|
Tenneco Automotive, Inc.: |
|
|
|
|
|
|
|
|
8.625%, 11/15/2014 ρ |
|
|
4,955,000 |
|
|
4,979,775 |
|
|
10.25%, 07/15/2013 |
|
|
1,335,000 |
|
|
1,428,450 |
|
|
|
|
|
|
|
|
23,860,617 |
|
|
Automobiles 1.1% |
|
|
|
|
|
|
|
|
Ford Motor Co., 7.45%, 07/16/2031 ρ |
|
|
6,465,000 |
|
|
5,010,375 |
|
|
General Motors Corp., 8.375%, 07/15/2033 ρ |
|
|
5,775,000 |
|
|
4,778,813 |
|
|
|
|
|
|
|
|
9,789,188 |
|
|
Diversified Consumer Services 1.3% |
|
|
|
|
|
|
|
|
Carriage Services, Inc., 7.875%, 01/15/2015 |
|
|
2,290,000 |
|
|
2,255,650 |
|
|
Education Management, LLC: |
|
|
|
|
|
|
|
|
8.75%, 06/01/2014 ρ |
|
|
4,015,000 |
|
|
4,015,000 |
|
|
10.25%, 06/01/2016 ρ |
|
|
4,250,000 |
|
|
4,250,000 |
|
|
Service Corporation International, 6.75%, 04/01/2015 144A |
|
|
1,685,000 |
|
|
1,558,625 |
|
|
|
|
|
|
|
|
12,079,275 |
|
|
Hotels, Restaurants & Leisure 9.5% |
|
|
|
|
|
|
|
|
Fontainebleau Las Vegas Holdings, LLC, 10.25%, 06/15/2015 144A ρ |
|
|
5,583,000 |
|
|
4,843,253 |
|
|
Inn of the Mountain Gods Resort & Casino, 12.00%, 11/15/2010 |
|
|
10,450,000 |
|
|
11,129,250 |
|
|
Isle of Capri Casinos, Inc., 7.00%, 03/01/2014 ρ |
|
|
14,401,000 |
|
|
13,050,906 |
|
|
Mandalay Resort Group, Ser. B, 10.25%, 08/01/2007 |
|
|
8,690,000 |
|
|
8,690,000 |
|
|
MGM MIRAGE: |
|
|
|
|
|
|
|
|
5.875%, 02/27/2014 |
|
|
2,790,000 |
|
|
2,455,200 |
|
|
7.50%, 06/01/2016 |
|
|
3,780,000 |
|
|
3,534,300 |
|
|
Outback Steakhouse, Inc., 10.00%, 06/15/2015 144A ρ |
|
|
1,315,000 |
|
|
1,150,625 |
|
|
Pokagon Gaming Authority, 10.375%, 06/15/2014 144A |
|
|
4,475,000 |
|
|
4,810,625 |
|
|
Seneca Gaming Corp., 7.25%, 05/01/2012 |
|
|
2,320,000 |
|
|
2,296,800 |
|
|
Shingle Springs Tribal Gaming Authority, 9.375%, 06/15/2015 144A ρ |
|
|
5,345,000 |
|
|
5,024,300 |
|
|
Six Flags, Inc.: |
|
|
|
|
|
|
|
|
8.875%, 02/01/2010 |
|
|
1,110,000 |
|
|
985,125 |
|
|
9.625%, 06/01/2014 ρ |
|
|
7,605,000 |
|
|
6,179,062 |
|
|
Trump Entertainment Resorts, Inc., 8.50%, 06/01/2015 ρ |
|
|
9,960,000 |
|
|
8,441,100 |
|
|
Universal City Development Partners, Ltd., 11.75%, 04/01/2010 |
|
|
12,750,000 |
|
|
13,419,375 |
|
|
|
|
|
|
|
|
86,009,921 |
|
|
Household Durables 1.9% |
|
|
|
|
|
|
|
|
Hovnanian Enterprises, Inc.: |
|
|
|
|
|
|
|
|
6.00%, 01/15/2010 |
|
|
1,145,000 |
|
|
1,019,050 |
|
|
6.50%, 01/15/2014 |
|
|
4,250,000 |
|
|
3,336,250 |
|
|
Libbey, Inc., FRN, 12.38%, 06/01/2011 |
|
|
7,000,000 |
|
|
7,595,000 |
|
|
Standard Pacific Corp., 9.25%, 04/15/2012 ρ |
|
|
5,950,000 |
|
|
5,027,750 |
|
|
|
|
|
|
|
|
16,978,050 |
|
|
Media 13.7% |
|
|
|
|
|
|
|
|
AMC Entertainment, Inc., Ser. B, 8.625%, 08/15/2012 |
|
|
5,460,000 |
|
|
5,610,150 |
|
|
Cablevision Systems Corp., Ser. B, 8.00%, 04/15/2012 |
|
|
7,010,000 |
|
|
6,571,875 |
|
|
CCH I, LLC, 11.00%, 10/01/2015 ρ |
|
|
2,750,000 |
|
|
2,756,875 |
|
|
CSC Holdings, Inc., 7.625%, 04/01/2011 |
|
|
70,000 |
|
|
67,375 |
|
|
Dex Media East, LLC: |
|
|
|
|
|
|
|
|
9.875%, 11/15/2009 |
|
|
11,500,000 |
|
|
11,744,375 |
|
|
12.125%, 11/15/2012 |
|
|
7,000,000 |
|
|
7,481,250 |
|
|
1 |
|
EVERGREEN INCOME ADVANTAGE FUND |
|
July 31, 2007 (unaudited) |
|
|
|
Principal |
|
|
Value |
| |
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
CONSUMER DISCRETIONARY continued |
|
|
|
|
|
|
|
|
Media continued |
|
|
|
|
|
|
|
|
Lamar Media Corp., 6.625%, 08/15/2015 ρ |
|
$ |
11,130,000 |
|
$ |
10,183,950 |
|
|
Mediacom Broadband, LLC, 8.50%, 10/15/2015 144A |
|
|
900,000 |
|
|
864,000 |
|
|
Mediacom Communications Corp., 9.50%, 01/15/2013 |
|
|
21,810,000 |
|
|
21,646,425 |
|
|
Paxson Communications Corp., FRN, 11.61%, 01/15/2013 144A ρ |
|
|
10,325,000 |
|
|
10,454,062 |
|
|
PRIMEDIA, Inc., 8.875%, 05/15/2011 |
|
|
6,435,000 |
|
|
6,636,094 |
|
|
R.H. Donnelley Corp., 10.875%, 12/15/2012 |
|
|
12,000,000 |
|
|
12,690,000 |
|
|
Sinclair Broadcast Group, Inc., 8.00%, 03/15/2012 ρ |
|
|
5,525,000 |
|
|
5,552,625 |
|
|
Sirius Satellite Radio, Inc., 9.625%, 08/01/2013 ρ |
|
|
6,200,000 |
|
|
5,952,000 |
|
|
Visant Corp., 7.625%, 10/01/2012 |
|
|
7,465,000 |
|
|
7,353,025 |
|
|
XM Satellite Radio Holdings, Inc., 9.75%, 05/01/2014 ρ |
|
|
3,155,000 |
|
|
3,076,125 |
|
|
Young Broadcasting, Inc., 8.75%, 01/15/2014 |
|
|
7,515,000 |
|
|
6,387,750 |
|
|
|
|
|
|
|
|
125,027,956 |
|
|
Multi-line Retail 0.8% |
|
|
|
|
|
|
|
|
Neiman Marcus Group, Inc., 9.00%, 10/15/2015 ρ |
|
|
7,000,000 |
|
|
7,332,500 |
|
|
Specialty Retail 1.7% |
|
|
|
|
|
|
|
|
American Achievement Corp., 8.25%, 04/01/2012 |
|
|
6,155,000 |
|
|
5,939,575 |
|
|
Baker & Taylor, Inc., 11.50%, 07/01/2013 144A |
|
|
1,910,000 |
|
|
1,938,650 |
|
|
Michaels Stores, Inc.: |
|
|
|
|
|
|
|
|
10.00%, 11/01/2014 144A ρ |
|
|
5,150,000 |
|
|
5,021,250 |
|
|
11.375%, 11/01/2016 144A ρ |
|
|
1,985,000 |
|
|
1,925,450 |
|
|
Payless ShoeSource, Inc., 8.25%, 08/01/2013 |
|
|
750,000 |
|
|
731,250 |
|
|
|
|
|
|
|
|
15,556,175 |
|
|
Textiles, Apparel & Luxury Goods 2.9% |
|
|
|
|
|
|
|
|
Levi Strauss & Co., 12.25%, 12/15/2012 ρ |
|
|
3,135,000 |
|
|
3,354,450 |
|
|
Norcross Safety Products, LLC, Ser. B, 9.875%, 08/15/2011 |
|
|
2,750,000 |
|
|
2,880,625 |
|
|
Oxford Industries, Inc., 8.875%, 06/01/2011 |
|
|
12,000,000 |
|
|
12,180,000 |
|
|
Unifi, Inc., 11.50%, 05/15/2014 |
|
|
2,207,000 |
|
|
2,129,755 |
|
|
Warnaco Group, Inc., 8.875%, 06/15/2013 |
|
|
5,410,000 |
|
|
5,707,550 |
|
|
|
|
|
|
|
|
26,252,380 |
|
|
CONSUMER STAPLES 5.0% |
|
|
|
|
|
|
|
|
Food & Staples Retailing 0.8% |
|
|
|
|
|
|
|
|
Ingles Markets, Inc., 8.875%, 12/01/2011 ρ |
|
|
7,000,000 |
|
|
7,175,000 |
|
|
SUPERVALU, Inc., 7.50%, 11/15/2014 |
|
|
460,000 |
|
|
441,600 |
|
|
|
|
|
|
|
|
7,616,600 |
|
|
Food Products 2.0% |
|
|
|
|
|
|
|
|
Del Monte Foods Co.: |
|
|
|
|
|
|
|
|
6.75%, 02/15/2015 |
|
|
115,000 |
|
|
104,650 |
|
|
8.625%, 12/15/2012 |
|
|
13,220,000 |
|
|
13,352,200 |
|
|
Pilgrims Pride Corp., 8.375%, 05/01/2017 ρ |
|
|
3,500,000 |
|
|
3,342,500 |
|
|
Smithfield Foods, Inc., 7.75%, 07/01/2017 ρ |
|
|
1,480,000 |
|
|
1,435,600 |
|
|
|
|
|
|
|
|
18,234,950 |
|
|
Household Products 0.2% |
|
|
|
|
|
|
|
|
Church & Dwight Co., 6.00%, 12/15/2012 ρ |
|
|
1,680,000 |
|
|
1,570,800 |
|
|
Personal Products 2.0% |
|
|
|
|
|
|
|
|
Central Garden & Pet Co., 9.125%, 02/01/2013 |
|
|
7,000,000 |
|
|
6,842,500 |
|
|
Playtex Products, Inc.: |
|
|
|
|
|
|
|
|
8.00%, 03/01/2011 ρ |
|
|
10,790,000 |
|
|
11,194,625 |
|
|
9.375%, 06/01/2011 |
|
|
100,000 |
|
|
102,750 |
|
|
|
|
|
|
|
|
18,139,875 |
|
2 |
|
|
EVERGREEN INCOME ADVANTAGE FUND |
|
July 31, 2007 (unaudited) |
|
|
|
Principal |
|
|
Value |
| |
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
ENERGY 14.4% |
|
|
|
|
|
|
|
|
Energy Equipment & Services 3.6% |
|
|
|
|
|
|
|
|
Bristow Group, Inc.: |
|
|
|
|
|
|
|
|
6.125%, 06/15/2013 |
|
$ |
380,000 |
|
$ |
359,100 |
|
|
7.50%, 09/15/2017 144A |
|
|
2,500,000 |
|
|
2,487,500 |
|
|
Dresser-Rand Group, Inc., 7.375%, 11/01/2014 |
|
|
5,616,000 |
|
|
5,419,440 |
|
|
GulfMark Offshore, Inc., 7.75%, 07/15/2014 |
|
|
4,100,000 |
|
|
4,038,500 |
|
|
Hanover Compressor Co., 8.75%, 09/01/2011 |
|
|
7,000,000 |
|
|
7,245,000 |
|
|
Parker Drilling Co., 9.625%, 10/01/2013 |
|
|
11,955,000 |
|
|
12,776,906 |
|
|
|
|
|
|
|
|
32,326,446 |
|
|
Oil, Gas & Consumable Fuels 10.8% |
|
|
|
|
|
|
|
|
Chesapeake Energy Corp.: |
|
|
|
|
|
|
|
|
7.50%, 09/15/2013 |
|
|
7,000,000 |
|
|
7,078,750 |
|
|
7.75%, 01/15/2015 |
|
|
7,750,000 |
|
|
7,866,250 |
|
|
Cimarex Energy Co., 7.125%, 05/01/2017 ρ |
|
|
1,275,000 |
|
|
1,211,250 |
|
|
Clayton Williams Energy, Inc., 7.75%, 08/01/2013 ρ |
|
|
945,000 |
|
|
850,500 |
|
|
Delta Petroleum Corp., 7.00%, 04/01/2015 |
|
|
4,210,000 |
|
|
3,620,600 |
|
|
El Paso Corp., 7.00%, 06/15/2017 ρ |
|
|
2,580,000 |
|
|
2,490,944 |
|
|
Encore Acquisition Co.: |
|
|
|
|
|
|
|
|
6.00%, 07/15/2015 |
|
|
2,030,000 |
|
|
1,755,950 |
|
|
6.25%, 04/15/2014 ρ |
|
|
1,710,000 |
|
|
1,496,250 |
|
|
Energy Partners, Ltd.: |
|
|
|
|
|
|
|
|
9.75%, 04/15/2014 144A ρ |
|
|
1,577,000 |
|
|
1,506,035 |
|
|
FRN, 10.49%, 04/15/2013 144A |
|
|
525,000 |
|
|
519,750 |
|
|
Exco Resources, Inc., 7.25%, 01/15/2011 ρ |
|
|
3,220,000 |
|
|
3,211,950 |
|
|
Forest Oil Corp.: |
|
|
|
|
|
|
|
|
7.25%, 06/15/2019 144A ρ |
|
|
3,010,000 |
|
|
2,821,875 |
|
|
7.75%, 05/01/2014 |
|
|
200,000 |
|
|
198,500 |
|
|
Frontier Oil Corp., 6.625%, 10/01/2011 ρ |
|
|
1,215,000 |
|
|
1,184,625 |
|
|
Griffin Coal Mining Co., 9.50%, 12/01/2016 144A |
|
|
9,440,000 |
|
|
9,345,600 |
|
|
Mariner Energy, Inc., 8.00%, 05/15/2017 |
|
|
1,343,000 |
|
|
1,269,135 |
|
|
Overseas Shipholding Group, Inc., 8.25%, 03/15/2013 |
|
|
12,050,000 |
|
|
12,381,375 |
|
|
Plains Exploration & Production Co., 7.75%, 06/15/2015 |
|
|
2,150,000 |
|
|
2,021,000 |
|
|
Regency Energy Partners, LP, 8.375%, 12/15/2013 144A ρ |
|
|
3,125,000 |
|
|
3,234,375 |
|
|
Targa Resources, Inc., 8.50%, 11/01/2013 144A |
|
|
8,350,000 |
|
|
9,299,111 |
|
|
Tesoro Corp., Ser. B: |
|
|
|
|
|
|
|
|
6.50%, 06/01/2017 144A |
|
|
5,250,000 |
|
|
4,987,500 |
|
|
6.625%, 11/01/2015 |
|
|
1,840,000 |
|
|
1,775,600 |
|
|
W&T Offshore, Inc., 8.25%, 06/15/2014 144A |
|
|
1,510,000 |
|
|
1,426,950 |
|
|
Williams Cos.: |
|
|
|
|
|
|
|
|
7.50%, 01/15/2031 |
|
|
6,750,000 |
|
|
6,682,500 |
|
|
8.125%, 03/15/2012 |
|
|
9,750,000 |
|
|
10,140,000 |
|
|
|
|
|
|
|
|
98,376,375 |
|
|
FINANCIALS 13.0% |
|
|
|
|
|
|
|
|
Consumer Finance 8.6% |
|
|
|
|
|
|
|
|
AmeriCredit Corp., 8.50%, 07/01/2015 144A ρ |
|
|
1,800,000 |
|
|
1,737,000 |
|
|
Ashtead Capital, Inc., 9.00%, 08/15/2016 144A |
|
|
1,406,000 |
|
|
1,420,060 |
|
|
CCH II Capital Corp., 10.25%, 09/15/2010 ρ |
|
|
14,250,000 |
|
|
14,570,625 |
|
|
Ford Motor Credit Co., LLC: |
|
|
|
|
|
|
|
|
7.375%, 10/28/2009 |
|
|
5,450,000 |
|
|
5,264,161 |
|
|
9.75%, 09/15/2010 |
|
|
24,137,000 |
|
|
24,391,114 |
|
|
General Motors Acceptance Corp., LLC: |
|
|
|
|
|
|
|
|
6.875%, 09/15/2011 |
|
|
19,590,000 |
|
|
18,232,589 |
|
|
6.875%, 08/28/2012 |
|
|
1,020,000 |
|
|
939,204 |
|
|
3 |
|
EVERGREEN INCOME ADVANTAGE FUND | |||||||
|
July 31, 2007 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
| ||
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
FINANCIALS continued |
|
|
|
|
|
|
|
|
Consumer Finance continued |
|
|
|
|
|
|
|
|
Northern Telecom Capital Corp., 7.875%, 06/15/2026 |
|
$ |
9,000,000 |
|
$ |
7,605,000 |
|
|
Qwest Capital Funding, Inc., 6.50%, 11/15/2018 |
|
|
4,380,000 |
|
|
3,580,650 |
|
|
|
|
|
|
|
|
77,740,403 |
|
|
Insurance 0.5% |
|
|
|
|
|
|
|
|
Crum & Forster Holdings Corp., 7.75%, 05/01/2017 144A |
|
|
4,440,000 |
|
|
4,284,600 |
|
|
Real Estate Investment Trusts 3.9% |
|
|
|
|
|
|
|
|
Crescent Real Estate Equities Co., 9.25%, 04/15/2009 o |
|
|
14,425,000 |
|
|
14,776,681 |
|
|
Host Marriott Corp.: |
|
|
|
|
|
|
|
|
Ser. J, 7.125%, 11/01/2013 |
|
|
6,200,000 |
|
|
6,060,500 |
|
|
Ser. O, 6.375%, 03/15/2015 ρ |
|
|
1,780,000 |
|
|
1,673,200 |
|
|
Ser. Q, 6.75%, 06/01/2016 |
|
|
4,700,000 |
|
|
4,512,000 |
|
|
Omega Healthcare Investors, Inc., 7.00%, 04/01/2014 |
|
|
1,610,000 |
|
|
1,545,600 |
|
|
Thornburg Mortgage, Inc., 8.00%, 05/15/2013 ρ |
|
|
7,485,000 |
|
|
7,279,163 |
|
|
|
|
|
|
|
|
35,847,144 |
|
|
HEALTH CARE 6.7% |
|
|
|
|
|
|
|
|
Health Care Equipment & Supplies 0.3% |
|
|
|
|
|
|
|
|
Universal Hospital Services, Inc.: |
|
|
|
|
|
|
|
|
8.50%, 06/01/2015 144A ρ |
|
|
1,558,000 |
|
|
1,413,885 |
|
|
FRN, 8.74%, 06/01/2015 144A ρ |
|
|
1,113,000 |
|
|
1,043,438 |
|
|
|
|
|
|
|
|
2,457,323 |
|
|
Health Care Providers & Services 6.4% |
|
|
|
|
|
|
|
|
Community Health Systems, Inc., 8.875%, 07/15/2015 144A ρ |
|
|
7,650,000 |
|
|
7,468,312 |
|
|
HCA, Inc.: |
|
|
|
|
|
|
|
|
8.75%, 09/01/2010 |
|
|
19,750,000 |
|
|
19,256,250 |
|
|
9.25%, 11/15/2016 144A |
|
|
17,665,000 |
|
|
17,576,675 |
|
|
HealthSouth Corp., 10.75%, 06/15/2016 ρ |
|
|
3,215,000 |
|
|
3,263,225 |
|
|
IASIS Healthcare Corp., 8.75%, 06/15/2014 ρ |
|
|
10,600,000 |
|
|
10,229,000 |
|
|
Omnicare, Inc., 6.125%, 06/01/2013 |
|
|
430,000 |
|
|
388,075 |
|
|
|
|
|
|
|
|
58,181,537 |
|
|
INDUSTRIALS 14.7% |
|
|
|
|
|
|
|
|
Aerospace & Defense 5.0% |
|
|
|
|
|
|
|
|
Dae Aviation Holdings, 11.25%, 08/01/2015 144A |
|
|
1,660,000 |
|
|
1,618,500 |
|
|
DRS Technologies, Inc.: |
|
|
|
|
|
|
|
|
6.625%, 02/01/2016 |
|
|
3,765,000 |
|
|
3,595,575 |
|
|
7.625%, 02/01/2018 ρ |
|
|
2,115,000 |
|
|
2,040,975 |
|
|
Hawker Beechcraft Acquisition Corp.: |
|
|
|
|
|
|
|
|
8.50%, 04/01/2015 144A ρ |
|
|
1,380,000 |
|
|
1,383,450 |
|
|
9.75%, 04/01/2017 144A ρ |
|
|
1,050,000 |
|
|
1,042,125 |
|
|
L-3 Communications Holdings, Inc.: |
|
|
|
|
|
|
|
|
5.875%, 01/15/2015 |
|
|
19,870,000 |
|
|
18,181,050 |
|
|
6.125%, 01/15/2014 |
|
|
3,520,000 |
|
|
3,282,400 |
|
|
6.375%, 10/15/2015 |
|
|
15,721,000 |
|
|
14,541,925 |
|
|
|
|
|
|
|
|
45,686,000 |
|
|
Commercial Services & Supplies 3.1% |
|
|
|
|
|
|
|
|
Allied Waste North America, Inc., 9.25%, 09/01/2012 |
|
|
16,500,000 |
|
|
17,180,625 |
|
|
Browning-Ferris Industries, Inc.: |
|
|
|
|
|
|
|
|
7.40%, 09/15/2035 |
|
|
2,300,000 |
|
|
2,127,500 |
|
|
9.25%, 05/01/2021 |
|
|
3,715,000 |
|
|
4,012,200 |
|
|
Corrections Corporation of America, 6.25%, 03/15/2013 |
|
|
475,000 |
|
|
450,063 |
|
|
Geo Group, Inc., 8.25%, 07/15/2013 |
|
|
250,000 |
|
|
247,500 |
|
|
Harland Clarke Holdings Corp., 9.50%, 05/15/2015 144A ρ |
|
|
2,103,000 |
|
|
1,929,502 |
|
|
Mobile Mini, Inc., 6.875%, 05/01/2015 144A ρ |
|
|
2,135,000 |
|
|
2,038,925 |
|
|
|
|
|
|
|
|
27,986,315 |
|
4 |
|
|
EVERGREEN INCOME ADVANTAGE FUND | |||||||
|
July 31, 2007 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
| ||
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
INDUSTRIALS continued |
|
|
|
|
|
|
|
|
Machinery 4.8% |
|
|
|
|
|
|
|
|
Case New Holland, Inc., 9.25%, 08/01/2011 ρ |
|
$ |
26,125,000 |
|
$ |
27,457,375 |
|
|
Commercial Vehicle Group, Inc., 8.00%, 07/01/2013 ρ |
|
|
7,680,000 |
|
|
7,104,000 |
|
|
RBS Global, Inc., 9.50%, 08/01/2014 ρ |
|
|
9,250,000 |
|
|
8,972,500 |
|
|
|
|
|
|
|
|
43,533,875 |
|
|
Road & Rail 1.4% |
|
|
|
|
|
|
|
|
Avis Budget Car Rental, LLC: |
|
|
|
|
|
|
|
|
7.625%, 05/15/2014 |
|
|
790,000 |
|
|
762,350 |
|
|
7.75%, 05/15/2016 |
|
|
3,430,000 |
|
|
3,292,800 |
|
|
Hertz Corp.: |
|
|
|
|
|
|
|
|
8.875%, 01/01/2014 |
|
|
1,190,000 |
|
|
1,187,025 |
|
|
10.50%, 01/01/2016 ρ |
|
|
7,000,000 |
|
|
7,280,000 |
|
|
|
|
|
|
|
|
12,522,175 |
|
|
Trading Companies & Distributors 0.4% |
|
|
|
|
|
|
|
|
Neff Corp., 10.00%, 06/01/2015 144A |
|
|
525,000 |
|
|
485,625 |
|
|
United Rentals, Inc., 6.50%, 02/15/2012 |
|
|
3,070,000 |
|
|
3,085,350 |
|
|
|
|
|
|
|
|
3,570,975 |
|
|
INFORMATION TECHNOLOGY 4.7% |
|
|
|
|
|
|
|
|
Electronic Equipment & Instruments 1.5% |
|
|
|
|
|
|
|
|
Da-Lite Screen Co., Inc., 9.50%, 05/15/2011 |
|
|
8,850,000 |
|
|
9,181,875 |
|
|
Sanmina-SCI Corp., FRN: |
|
|
|
|
|
|
|
|
8.11%, 06/15/2010 144A ρ |
|
|
2,320,000 |
|
|
2,296,800 |
|
|
8.11%, 06/15/2014 144A ρ |
|
|
2,320,000 |
|
|
2,296,800 |
|
|
|
|
|
|
|
|
13,775,475 |
|
|
IT Services 2.8% |
|
|
|
|
|
|
|
|
ipayment, Inc., 9.75%, 05/15/2014 |
|
|
4,720,000 |
|
|
4,531,200 |
|
|
Iron Mountain, Inc., 7.75%, 01/15/2015 |
|
|
1,390,000 |
|
|
1,296,175 |
|
|
SunGard Data Systems, Inc., 9.125%, 08/15/2013 ρ |
|
|
17,895,000 |
|
|
18,073,950 |
|
|
Unisys Corp., 7.875%, 04/01/2008 |
|
|
1,630,000 |
|
|
1,615,737 |
|
|
|
|
|
|
|
|
25,517,062 |
|
|
Semiconductors & Semiconductor Equipment 0.0% |
|
|
|
|
|
|
|
|
Freescale Semiconductor, Inc., 8.875%, 12/15/2014 144A |
|
|
215,000 |
|
|
197,263 |
|
|
Software 0.4% |
|
|
|
|
|
|
|
|
Activant Solutions, Inc., 9.50%, 05/01/2016 |
|
|
3,810,000 |
|
|
3,438,525 |
|
|
MATERIALS 21.3% |
|
|
|
|
|
|
|
|
Chemicals 10.0% |
|
|
|
|
|
|
|
|
ARCO Chemical Co.: |
|
|
|
|
|
|
|
|
9.80%, 02/01/2020 |
|
|
2,490,000 |
|
|
2,577,150 |
|
|
10.25%, 11/01/2010 |
|
|
460,000 |
|
|
497,950 |
|
|
Equistar Chemicals, LP, 10.625%, 05/01/2011 ρ |
|
|
8,001,000 |
|
|
8,401,050 |
|
|
Huntsman Advanced Materials, LLC, 11.625%, 10/15/2010 |
|
|
7,000,000 |
|
|
7,455,000 |
|
|
Huntsman International, LLC, 11.50%, 07/15/2012 |
|
|
15,085,000 |
|
|
16,668,925 |
|
|
Koppers Holdings, Inc.: |
|
|
|
|
|
|
|
|
9.875%, 10/15/2013 |
|
|
390,000 |
|
|
415,350 |
|
|
9.875%, 11/15/2014 ρ |
|
|
2,104,000 |
|
|
1,783,140 |
|
|
Lyondell Chemical Co.: |
|
|
|
|
|
|
|
|
6.875%, 06/15/2017 ρ |
|
|
7,510,000 |
|
|
7,923,050 |
|
|
10.50%, 06/01/2013 |
|
|
11,565,000 |
|
|
12,548,025 |
|
|
MacDermid, Inc., 9.50%, 04/15/2017 144A ρ |
|
|
4,316,000 |
|
|
3,949,140 |
|
|
Millenium America, Inc., 7.625%, 11/15/2026 |
|
|
2,075,000 |
|
|
1,898,625 |
|
|
Momentive Performance, Inc., 9.75%, 12/01/2014 144A ρ |
|
|
6,375,000 |
|
|
6,151,875 |
|
|
5 |
|
EVERGREEN
INCOME ADVANTAGE FUND |
|||||||
|
July 31, 2007 (unaudited) |
|||||||
|
|
|
Principal |
|
Value |
|
||
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
MATERIALS continued |
|
|
|
|
|
|
|
|
Chemicals continued |
|
|
|
|
|
|
|
|
Mosaic Co.: |
|
|
|
|
|
|
|
|
7.30%, 01/15/2028 |
|
$ |
1,800,000 |
|
$ |
1,701,000 |
|
|
7.625%, 12/01/2016 144A ρ |
|
|
4,665,000 |
|
|
4,711,650 |
|
|
Tronox Worldwide, LLC, 9.50%, 12/01/2012 |
|
|
14,430,000 |
|
|
14,357,850 |
|
|
|
|
|
|
|
|
91,039,780 |
|
|
Construction Materials 0.6% |
|
|
|
|
|
|
|
|
CPG International, Inc., 10.50%, 07/01/2013 |
|
|
5,835,000 |
|
|
5,689,125 |
|
|
Containers & Packaging 5.3% |
|
|
|
|
|
|
|
|
Berry Plastics Holding Corp., 8.875%, 09/15/2014 ρ |
|
|
6,241,000 |
|
|
6,022,565 |
|
|
Exopack Holding Corp., 11.25%, 02/01/2014 |
|
|
3,905,000 |
|
|
4,002,625 |
|
|
Graham Packaging Co., 9.875%, 10/15/2014 ρ |
|
|
5,575,000 |
|
|
5,268,375 |
|
|
Graphic Packaging International, Inc.: |
|
|
|
|
|
|
|
|
8.50%, 08/15/2011 |
|
|
4,440,000 |
|
|
4,428,900 |
|
|
9.50%, 08/15/2013 ρ |
|
|
10,000,000 |
|
|
10,050,000 |
|
|
Owens-Brockway Glass Containers, Inc., 8.75%, 11/15/2012 |
|
|
12,150,000 |
|
|
12,666,375 |
|
|
Smurfit-Stone Container Corp., 8.375%, 07/01/2012 |
|
|
5,760,000 |
|
|
5,400,000 |
|
|
|
|
|
|
|
|
47,838,840 |
|
|
Metals & Mining 1.5% |
|
|
|
|
|
|
|
|
Dayton Superior Corp., 13.00%, 06/15/2009 |
|
|
4,365,000 |
|
|
4,375,912 |
|
|
Freeport-McMoRan Copper & Gold, Inc.: |
|
|
|
|
|
|
|
|
8.25%, 04/01/2015 ρ |
|
|
1,875,000 |
|
|
1,968,750 |
|
|
8.375%, 04/01/2017 |
|
|
1,935,000 |
|
|
2,036,588 |
|
|
Indalex Holdings Corp., 11.50%, 02/01/2014 |
|
|
5,010,000 |
|
|
4,984,950 |
|
|
|
|
|
|
|
|
13,366,200 |
|
|
Paper & Forest Products 3.9% |
|
|
|
|
|
|
|
|
Bowater, Inc., 9.375%, 12/15/2021 ρ |
|
|
6,235,000 |
|
|
5,517,975 |
|
|
Buckeye Technologies, Inc., 8.50%, 10/01/2013 |
|
|
7,500,000 |
|
|
7,575,000 |
|
|
Georgia Pacific Corp.: |
|
|
|
|
|
|
|
|
8.00%, 01/15/2024 ρ |
|
|
4,170,000 |
|
|
3,825,975 |
|
|
8.125%, 05/15/2011 ρ |
|
|
5,000,000 |
|
|
5,062,500 |
|
|
Glatfelter, 7.125%, 05/01/2016 |
|
|
6,390,000 |
|
|
6,326,100 |
|
|
Verso Paper Holdings, LLC, 11.375%, 08/01/2016 144A ρ |
|
|
7,080,000 |
|
|
7,257,000 |
|
|
|
|
|
|
|
|
35,564,550 |
|
|
TELECOMMUNICATION SERVICES 11.1% |
|
|
|
|
|
|
|
|
Diversified Telecommunication Services 5.0% |
|
|
|
|
|
|
|
|
Citizens Communications Co., 9.25%, 05/15/2011 |
|
|
6,680,000 |
|
|
6,997,300 |
|
|
Consolidated Communications, Inc., 9.75%, 04/01/2012 |
|
|
7,800,000 |
|
|
7,761,000 |
|
|
Insight Midwest, LP, 9.75%, 10/01/2009 |
|
|
4,156,000 |
|
|
4,156,000 |
|
|
Qwest Communications International, Inc.: |
|
|
|
|
|
|
|
|
7.875%, 09/01/2011 |
|
|
7,300,000 |
|
|
7,446,000 |
|
|
8.875%, 03/15/2012 ρ |
|
|
13,000,000 |
|
|
13,731,250 |
|
|
FRN, 7.27%, 02/15/2009 |
|
|
1,610,000 |
|
|
1,622,075 |
|
|
West Corp.: |
|
|
|
|
|
|
|
|
9.50%, 10/15/2014 |
|
|
1,090,000 |
|
|
1,068,200 |
|
|
11.00%, 10/15/2016 ρ |
|
|
2,750,000 |
|
|
2,750,000 |
|
|
|
|
|
|
|
|
45,531,825 |
|
|
Wireless Telecommunication Services 6.1% |
|
|
|
|
|
|
|
|
American Cellular Corp., 10.00%, 08/01/2011 |
|
|
906,000 |
|
|
947,903 |
|
|
Centennial Communications Corp.: |
|
|
|
|
|
|
|
|
10.00%, 01/01/2013 ρ |
|
|
3,500,000 |
|
|
3,675,000 |
|
|
10.125%, 06/15/2013 |
|
|
10,000,000 |
|
|
10,537,500 |
|
|
Cricket Communications, Inc.: |
|
|
|
|
|
|
|
|
9.375%, 11/01/2014 |
|
|
3,000,000 |
|
|
2,973,750 |
|
|
9.375%, 11/01/2014 144A ρ |
|
|
3,580,000 |
|
|
3,548,675 |
|
6 |
|
|
EVERGREEN
INCOME ADVANTAGE FUND |
|
July 31, 2007 (unaudited) |
|
|
|
|
Principal Amount |
|
|
Value |
|
|
CORPORATE BONDS continued |
|
|
|
|
|
|
|
|
TELECOMMUNICATION SERVICES continued |
|
|
|
|
|
|
|
|
Wireless Telecommunication Services continued |
|
|
|
|
|
|
|
|
Dobson Cellular Systems, Inc.: |
|
|
|
|
|
|
|
|
8.375%, 11/01/2011 ρ |
|
$ |
4,890,000 |
|
$ |
5,213,963 |
|
|
9.875%, 11/01/2012 |
|
|
4,550,000 |
|
|
4,885,562 |
|
|
MetroPCS Wireless, Inc., 9.25%, 11/01/2014 144A |
|
|
5,815,000 |
|
|
5,727,775 |
|
|
Rural Cellular Corp., 8.25%, 03/15/2012 ρ |
|
|
13,500,000 |
|
|
13,905,000 |
|
|
US Unwired, Inc., Ser. B, 10.00%, 06/15/2012 |
|
|
3,325,000 |
|
|
3,597,387 |
|
|
|
|
|
|
|
|
55,012,515 |
|
|
UTILITIES 10.7% |
|
|
|
|
|
|
|
|
Electric Utilities 7.4% |
|
|
|
|
|
|
|
|
Allegheny Energy Supply Co., 8.25%, 04/15/2012 144A |
|
|
10,320,000 |
|
|
10,861,800 |
|
|
Aquila, Inc., 14.875%, 07/01/2012 |
|
|
11,486,000 |
|
|
14,357,500 |
|
|
CMS Energy Corp.: |
|
|
|
|
|
|
|
|
6.55%, 07/17/2017 |
|
|
755,000 |
|
|
730,807 |
|
|
8.50%, 04/15/2011 |
|
|
1,515,000 |
|
|
1,603,617 |
|
|
Edison Mission Energy: |
|
|
|
|
|
|
|
|
7.00%, 05/15/2017 144A |
|
|
2,940,000 |
|
|
2,668,050 |
|
|
7.20%, 05/15/2019 144A ρ |
|
|
3,115,000 |
|
|
2,795,713 |
|
|
Mirant Americas Generation LLC, 8.50%, 10/01/2021 |
|
|
7,000,000 |
|
|
6,702,500 |
|
|
Mirant North America, LLC, 7.375%, 12/31/2013 ρ |
|
|
7,010,000 |
|
|
7,010,000 |
|
|
NRG Energy, Inc., 7.375%, 02/01/2016 |
|
|
7,075,000 |
|
|
6,845,062 |
|
|
Orion Power Holdings, Inc., 12.00%, 05/01/2010 |
|
|
4,494,000 |
|
|
4,898,460 |
|
|
Reliant Energy, Inc.: |
|
|
|
|
|
|
|
|
6.75%, 12/15/2014 |
|
|
6,400,000 |
|
|
6,336,000 |
|
|
7.875%, 06/15/2017 |
|
|
2,250,000 |
|
|
2,148,750 |
|
|
|
|
|
|
|
|
66,958,259 |
|
|
Independent Power Producers & Energy Traders 3.3% |
|
|
|
|
|
|
|
|
AES Corp., 9.00%, 05/15/2015 144A |
|
|
16,250,000 |
|
|
17,184,375 |
|
|
Dynegy, Inc., 8.375%, 05/01/2016 ρ |
|
|
14,310,000 |
|
|
13,379,850 |
|
|
|
|
|
|
|
|
30,564,225 |
|
|
Total Corporate Bonds (cost $1,290,576,673) |
|
|
|
|
|
1,245,455,099 |
|
|
YANKEE OBLIGATIONS – CORPORATE 6.9% |
|
|
|
|
|
|
|
|
FINANCIALS 2.2% |
|
|
|
|
|
|
|
|
Consumer Finance 1.1% |
|
|
|
|
|
|
|
|
NXP Funding, LLC, 9.50%, 10/15/2015 ρ |
|
|
5,500,000 |
|
|
4,785,000 |
|
|
Virgin Media Finance plc, 9.125%, 08/15/2016 ρ |
|
|
5,113,000 |
|
|
5,189,695 |
|
|
|
|
|
|
|
|
9,974,695 |
|
|
Diversified Financial Services 1.1% |
|
|
|
|
|
|
|
|
Preferred Term Securities XII, Ltd., FRN, 10.00%, 12/24/2033 |
|
|
1,540,000 |
|
|
1,210,471 |
|
|
Ship Finance International, Ltd., 8.50%, 12/15/2013 ρ |
|
|
8,640,000 |
|
|
8,834,400 |
|
|
|
|
|
|
|
|
10,044,871 |
|
|
MATERIALS 1.6% |
|
|
|
|
|
|
|
|
Metals & Mining 1.6% |
|
|
|
|
|
|
|
|
Novelis, Inc., 7.25%, 02/15/2015 |
|
|
14,750,000 |
|
|
14,860,625 |
|
|
TELECOMMUNICATION SERVICES 3.1% |
|
|
|
|
|
|
|
|
Wireless Telecommunication Services 3.1% |
|
|
|
|
|
|
|
|
Intelsat, Ltd.: |
|
|
|
|
|
|
|
|
9.25%, 06/15/2016 |
|
|
13,900,000 |
|
|
14,247,500 |
|
|
11.25%, 06/15/2016 |
|
|
5,930,000 |
|
|
6,226,500 |
|
|
Rogers Wireless, Inc., 9.625%, 05/01/2011 |
|
|
6,725,000 |
|
|
7,536,109 |
|
|
|
|
|
|
|
|
28,010,109 |
|
|
Total Yankee Obligations – Corporate (cost $63,878,246) |
|
|
|
|
|
62,890,300 |
|
|
|
7 |
|
EVERGREEN
INCOME ADVANTAGE FUND |
|
July 31, 2007 (unaudited) |
|
|
|
|
Shares |
|
|
Value |
|
|
COMMON STOCKS 0.2% |
|
|
|
|
|
|
|
|
INDUSTRIALS 0.1% |
|
|
|
|
|
|
|
|
Airlines 0.1% |
|
|
|
|
|
|
|
|
Delta Air Lines, Inc. * |
|
|
75,863 |
|
$ |
1,351,879 |
|
|
MATERIALS 0.1% |
|
|
|
|
|
|
|
|
Paper & Forest Products 0.1% |
|
|
|
|
|
|
|
|
Glatfelter ρ |
|
|
51,600 |
|
|
692,988 |
|
|
Total Common Stocks (cost $2,564,083) |
|
|
|
|
|
2,044,867 |
|
|
|
|
|
Principal Amount |
|
|
Value |
|
|
DEBT OBLIGATIONS 1.9% |
|
|
|
|
|
|
|
|
Blue Grass Energy Corp. Loan, FRN, 10.32%, 12/30/2013 |
|
$ |
15,300,000 |
|
|
15,332,589 |
|
|
Saint Acquisition Corp. Loan, FRN, 8.61%, 05/06/2014 |
|
|
1,600,000 |
|
|
1,439,920 |
|
|
Total Debt Obligations (cost $16,754,375) |
|
|
|
|
|
16,772,509 |
|
|
INVESTMENTS OF CASH COLLATERAL FROM SECURITIES LOANED 21.4% |
|
|
|
|
|||
|
COMMERCIAL PAPER 3.9% |
|
|
|
|
|
|
|
|
Bavaria Trust Corp., 5.40%, 08/01/2007 |
|
|
8,998,650 |
|
|
8,998,650 |
|
|
Ebbets Funding, LLC, 5.38%, 08/01/2007 |
|
|
8,748,692 |
|
|
8,748,692 |
|
|
Legacy Capital Co., LLC, 5.36%, 08/01/2007 |
|
|
8,748,700 |
|
|
8,748,700 |
|
|
Three Pillars Funding Corp., 5.36%, 08/01/2007 |
|
|
8,748,697 |
|
|
8,748,697 |
|
|
|
|
|
|
|
|
35,244,739 |
|
|
CORPORATE BONDS 1.5% |
|
|
|
|
|
|
|
|
Commercial Banks 1.5% |
|
|
|
|
|
|
|
|
First Tennessee Bank, 5.33%, 08/29/2008 |
|
|
6,000,003 |
|
|
6,000,003 |
|
|
Metropolitan Life Global Funding, 5.31%, 08/29/2008 |
|
|
8,000,000 |
|
|
8,000,000 |
|
|
|
|
|
|
|
|
14,000,003 |
|
|
REPURCHASE AGREEMENTS ^ 12.8% |
|
|
|
|
|
|
|
|
Bank of America Corp., 5.39%, dated 07/31/2007, maturing 08/01/2007, maturity value $21,419,591 |
|
|
21,416,384 |
|
|
21,416,384 |
|
|
Bank of America Corp., 5.40%, dated 07/31/2007, maturing 08/01/2007, maturity value $25,003,750 |
|
|
25,000,000 |
|
|
25,000,000 |
|
|
Fimat USA, Inc., 5.30%, dated 07/31/2007, maturing 08/01/2007, maturity value $25,003,681 |
|
|
25,000,000 |
|
|
25,000,000 |
|
|
Lehman Brothers, Inc., 5.37%, dated 07/31/2007, maturing 08/01/2007, maturity value $20,002,983 |
|
|
20,000,000 |
|
|
20,000,000 |
|
|
Nomura Securities International, Inc., 5.30%, dated 07/31/2007, maturing 08/01/2007, maturity value $25,003,681 |
|
|
25,000,000 |
|
|
25,000,000 |
|
|
|
|
|
|
|
|
116,416,384 |
|
|
TIME DEPOSITS 2.3% |
|
|
|
|
|
|
|
|
Calyon, 5.31%, 08/30/2007 |
|
|
9,000,000 |
|
|
9,000,000 |
|
|
Deutsche Bank AG, 5.34%, 08/20/2007 |
|
|
6,000,000 |
|
|
6,000,000 |
|
|
Ulster Bank, Ltd., 5.34%, 08/07/2007 |
|
|
6,000,000 |
|
|
6,000,000 |
|
|
|
|
|
|
|
|
21,000,000 |
|
|
YANKEE OBLIGATIONS – CORPORATE 0.9% |
|
|
|
|
|
|
|
|
Commercial Banks 0.9% |
|
|
|
|
|
|
|
|
Canadian Imperial Bank, 5.33%, 08/15/2007 |
|
|
8,000,000 |
|
|
8,000,000 |
|
|
Total Investments of Cash Collateral from Securities Loaned (cost $194,661,126) |
|
|
194,661,126 |
|
|||
|
8 |
|
|
EVERGREEN
INCOME ADVANTAGE FUND |
|
July 31, 2007 (unaudited) |
|
|
|
|
Shares |
|
|
Value |
|
|
SHORT-TERM INVESTMENTS 4.2% |
|
|
|
|
|
|
|
|
MUTUAL FUND SHARES 4.2% |
|
|
|
|
|
|
|
|
Evergreen Institutional Money Market Fund, Class I, 5.22% q ø (cost $38,253,320) |
|
38,253,320 |
|
$ |
38,253,320 |
|
|
|
Total Investments (cost $1,606,687,823) 171.7% |
|
|
|
|
|
1,560,077,221 |
|
|
Other Assets and Liabilities and Preferred Shares (71.7%) |
|
|
|
|
|
(651,494,553 |
) |
|
Net Assets Applicable to Common Shareholders 100.0% |
|
|
|
|
$ |
908,582,668 |
|
|
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. |
|
o |
Security is valued at fair value as determined by the investment advisor in good faith, according to procedures approved by the Board of Trustees. |
|
* |
Non-income producing security |
|
^ |
Collateralized by U.S. government agency obligations at period end. |
|
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. |
Summary of Abbreviations
|
FRN |
Floating Rate Note |
At July 31, 2007, the Fund had the following open interest rate swap agreements:
|
Expiration |
|
Notional |
|
Counterparty |
|
Cash
Flows Paid by |
|
Cash
Flows Received |
|
Unrealized |
|
7/02/2008 |
|
$100,000,000 |
|
JPMorgan Chase & Co. |
|
Fixed – 2.74% |
|
Floating-5.32%1 |
|
$2,450,108 |
|
11/26/2008 |
|
65,000,000 |
|
Merrill Lynch & Co., Inc. |
|
Fixed – 3.59% |
|
Floating-5.32%2 |
|
1,220,472 |
|
1 |
This rate represents the 1 month USD London InterBank Offered Rate (LIBOR) effective for the period of July 3, 2007 through August 2, 2007. |
|
2 |
This rate represents the 1 month USD London InterBank Offered Rate (LIBOR) effective for the period of July 26, 2007 through August 28, 2007. |
At July 31, 2007, the Fund had the following open credit default swap contracts outstanding:
|
Expiration |
|
Counterparty |
|
Reference
Debt |
|
Notional |
|
Fixed
Payments |
|
Frequency
of |
|
Unrealized |
|
06/20/2012 |
|
Goldman Sachs Group, Inc. |
|
Dow Jones CDX, North America Investment Grade Index, 2.75%, 06/20/2012 |
|
$7,360,000 |
|
3.40% |
|
Quarterly |
|
$186,500 |
On July 31, 2007, the aggregate cost of securities for federal income tax purposes was $1,606,687,823. The gross unrealized appreciation and depreciation on securities based on tax cost was $7,035,148 and $53,645,750, respectively, with a net unrealized depreciation of $46,610,602.
|
|
9 |
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 Income Advantage Fund |
|
|
| |
|
|
|
|
|
|
|
|
Dennis H. Ferro, Principal Executive Officer |
|
|
|
Date: September 28, 2007
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: September 28, 2007
|
|
|
|
| |
|
By: |
|
|
|
|
|
|
Kasey Phillips Principal Financial Officer |
|
|
|
Date: September 28, 2007