American Funds - Portfolio holdings | American Funds

Portfolio Holdings

American Funds Insurance Series - Global Balanced Fund

As of March 31, 2018 (updated quarterly, upon availability)

Fixed-Income Securities* Shares or Principal Amount Market Value
ACE INA Holdings Inc. 2.875% 2022 20,000 19,820
ACE INA Holdings Inc. 3.35% 2026 20,000 19,680
ACE INA Holdings Inc. 4.35% 2045 35,000 37,291
AT&T Inc. 3.40% 2024 150,000 150,896
AT&T Inc. 3.90% 2027 95,000 95,773
AT&T Inc. 4.10% 2028 238,000 236,626
AT&T Inc. 4.90% 2037 80,000 80,838
AXA SA, junior subordinated 5.453% (undated) 100,000 152,492
AbbVie Inc. 2.50% 2020 180,000 177,740
AbbVie Inc. 2.90% 2022 60,000 58,652
AbbVie Inc. 3.20% 2026 173,000 164,848
AbbVie Inc. 3.60% 2025 50,000 49,326
AbbVie Inc. 4.50% 2035 15,000 15,388
Abbott Laboratories 3.75% 2026 90,000 89,625
Abu Dhabi (Emirate of) 2.50% 2022 200,000 192,935
Abu Dhabi (Emirate of) 3.125% 2027 200,000 189,350
Abu Dhabi National Energy Co. PJSC (TAQA) 3.625% 2023 200,000 198,120
Aetna Inc. 2.75% 2022 50,000 48,197
Aetna Inc. 2.80% 2023 10,000 9,616
Allergan PLC 3.00% 2020 30,000 29,856
Allergan PLC 3.80% 2025 275,000 270,531
Allergan PLC 4.55% 2035 45,000 44,126
Allergan PLC 4.75% 2045 31,000 30,439
Allianz SE, 4.75% (undated) 100,000 141,567
Altria Group, Inc. 2.625% 2020 100,000 99,425
Altria Group, Inc. 4.25% 2042 150,000 147,297
Altria Group, Inc. 4.75% 2021 150,000 156,826
Amazon.com, Inc. 2.80% 2024 170,000 164,568
Amazon.com, Inc. 3.15% 2027 95,000 91,780
American Campus Communities, Inc. 3.35% 2020 15,000 15,025
American Campus Communities, Inc. 3.75% 2023 100,000 100,056
American Campus Communities, Inc. 4.125% 2024 90,000 90,389
American Electric Power Co., Inc. 2.15% 2020 215,000 210,435
Amgen Inc. 1.85% 2021 20,000 19,175
Amgen Inc. 2.25% 2023 180,000 169,729
Anheuser-Busch InBev NV 3.30% 2023 35,000 35,047
Anheuser-Busch InBev NV 3.50% 2024 80,000 80,592
Anheuser-Busch InBev NV 4.00% 2028 84,000 85,087
Anheuser-Busch InBev NV 4.90% 2046 35,000 37,829
Apple Inc. 2.50% 2022 75,000 73,861
Apple Inc. 3.35% 2027 65,000 64,245
AstraZeneca PLC 2.375% 2022 110,000 106,308
Australia (Commonwealth of), Series 128, 5.75% 2022 1,120,000 983,047
Australia (Commonwealth of), Series 133, 5.50% 2023 425,000 375,518
Aviva PLC, subordinated 6.875% 2058 75,000 138,061
Banco Bilbao Vizcaya Argentaria SA 3.50% 2024 100,000 127,106
Banco Nacional de Comercio Exterior SNC 3.80% 2026 200,000 196,750
Banco del Estado de Chile 2.668% 2021 500,000 490,668
Bank of America Corp. 3.419% 2028 394,000 377,604
Bank of America Corp. 3.55% 2024 100,000 100,339
Bank of Thailand 0% 2018 3,000,000 95,129
Bank of Thailand 1.49% 2019 24,120,000 772,051
Bank of Thailand 1.50% 2019 11,780,000 377,145
Bank of Thailand 1.59% 2019 2,000,000 64,092
Barclays Bank PLC 10.00% 2021 100,000 170,845
Baxalta Inc. 4.00% 2025 80,000 79,951
Becton, Dickinson and Co. 2.894% 2022 55,000 53,400
Becton, Dickinson and Co. 3.70% 2027 65,000 62,834
Becton, Dickinson and Co. 3.734% 2024 35,000 34,448
Belgium (Kingdom of), Series 77, 1.00% 2026 675,000 863,763
Belgium (Kingdom of), Series 85, 0.80% 2028 360,000 444,798
Berkshire Hathaway Inc. 3.00% 2022 75,000 75,056
Brazil (Federative Republic of) 0% 2021 4,900 1,148,510
Brazil (Federative Republic of) 10.00% 2025 2,318 729,264
British American Tobacco PLC 3.557% 2027 105,000 100,613
British American Tobacco PLC 4.39% 2037 80,000 79,631
Broadcom Ltd. 3.875% 2027 190,000 184,956
CCO Holdings LLC and CCO Holdings Capital Corp. 4.20% 2028 45,000 43,131
CMS Energy Corp. 3.60% 2025 150,000 148,569
CVS Health Corp. 3.70% 2023 165,000 165,689
CVS Health Corp. 4.30% 2028 175,000 176,428
CVS Health Corp. 4.78% 2038 95,000 96,430
CVS Health Corp. 5.05% 2048 280,000 295,054
CaixaBank, SA 5.00% 2023 100,000 126,657
Canada 1.00% 2022 300,000 223,472
Canada 2.25% 2025 2,200,000 1,729,451
Cenovus Energy Inc. 4.25% 2027 65,000 63,435
Chevron Corp. 2.954% 2026 75,000 72,188
Chile (Republic of) 5.50% 2020 50,000,000 86,426
Colombia (Republic of) 4.375% 2021 200,000 207,350
Core Industrial Trust, Series 2015-CALW, Class A, 3.04% 2034 50,000 50,029
Corporate Office Properties LP 3.60% 2023 65,000 63,703
DaimlerChrysler North America Holding Corp. 2.00% 2021 200,000 192,660
Deutsche Telekom International Finance BV 1.95% 2021 150,000 143,900
Deutsche Telekom International Finance BV 9.25% 2032 45,000 67,954
Duke Energy Carolinas, Inc. 3.05% 2023 280,000 279,594
Duke Energy Carolinas, Inc. 3.70% 2047 50,000 48,235
Duke Energy Corp. 2.65% 2026 225,000 205,593
Duke Energy Corp. 3.75% 2024 110,000 110,172
E.ON International Finance BV 5.80% 2018 25,000 25,057
EMD Finance LLC 3.25% 2025 150,000 145,987
Ecopetrol SA 5.875% 2045 20,000 19,794
El Paso Pipeline Partners Operating Co., LLC 4.70% 2042 75,000 70,070
Enbridge Inc. 3.70% 2027 132,000 126,691
Enbridge Inc. 4.25% 2026 70,000 70,423
Enel Finance International SA 2.75% 2023 200,000 193,422
Enel Finance International SA 3.50% 2028 400,000 374,901
Enel Finance International SA 3.625% 2027 200,000 190,720
Energy Transfer Partners, LP 4.00% 2027 67,000 63,551
Energy Transfer Partners, LP 4.20% 2027 15,000 14,498
Enersis Américas SA 4.00% 2026 110,000 107,763
Essex Portfolio LP 3.375% 2026 40,000 38,488
Essex Portfolio LP 3.50% 2025 120,000 117,679
European Financial Stability Facility 0.95% 2028 300,000 375,481
European Investment Bank 2.25% 2022 225,000 220,795
Exelon Corp. 3.40% 2026 150,000 145,007
Exelon Corp. 3.497% 2022 25,000 24,776
Fannie Mae 3.00% 2033 300,000 299,155
Fannie Mae 3.50% 2048 450,000 449,373
Fannie Mae 4.00% 2048 1,780,000 1,822,814
Fannie Mae 4.50% 2048 175,000 182,889
FirstEnergy Corp. 3.50% 2028 65,000 62,221
FirstEnergy Corp. 3.90% 2027 250,000 245,825
FirstEnergy Corp. 4.85% 2047 60,000 63,249
Ford Motor Credit Co. 3.20% 2021 200,000 198,451
France Telecom 5.375% 2050 50,000 100,125
France Télécom 9.0% 2031 65,000 95,259
Freddie Mac 3.50% 2048 300,000 300,532
French Republic O.A.T. 2.00% 2048 150,000 204,084
French Republic O.A.T. 3.25% 2045 100,000 171,960
General Electric Capital Corp. 3.15% 2022 50,000 49,277
Germany (Federal Republic of) 0.10% 2023 52,523 69,787
Germany (Federal Republic of) 0.50% 2026 200,000 250,892
Germany (Federal Republic of) 1.25% 2048 400,000 504,516
Germany (Federal Republic of) 2.25% 2021 60,000 80,545
Germany (Federal Republic of) 2.50% 2046 750,000 1,234,240
Goldman Sachs Group, Inc. 2.905% 2023 130,000 126,516
Goldman Sachs Group, Inc. 3.20% 2023 150,000 147,949
Goldman Sachs Group, Inc. 3.50% 2025 210,000 206,082
Goldman Sachs Group, Inc. 3.75% 2026 25,000 24,591
Goldman Sachs Group, Inc. 4.75% 2045 70,000 74,951
Goldman Sachs Group, Inc. 5.75% 2022 70,000 75,763
Government National Mortgage Assn. 4.00% 2048 170,000 174,428
Groupe BPCE SA 5.70% 2023 200,000 214,690
HSBC Holdings PLC 3.033% 2023 200,000 195,302
HSBC Holdings PLC 3.375% 2024 100,000 126,103
HSBC Holdings PLC 3.90% 2026 200,000 199,677
Halliburton Co. 3.80% 2025 110,000 110,612
Humana Inc. 3.15% 2022 100,000 98,844
Hyundai Capital America 2.55% 2020 135,000 132,949
Hyundai Capital America 3.25% 2022 65,000 63,881
Hyundai Capital Services Inc. 3.75% 2023 250,000 248,346
India (Republic of) 6.97% 2026 74,000,000 1,090,142
India (Republic of) 7.68% 2023 36,900,000 573,174
India (Republic of) 7.80% 2021 39,200,000 612,807
India (Republic of) 8.83% 2023 10,400,000 169,119
Indonesia (Republic of) 3.75% 2022 410,000 411,458
Indonesia (Republic of) 3.85% 2027 400,000 392,678
Intesa Sanpaolo SpA 6.625% 2023 125,000 189,977
Ireland (Republic of) 0.90% 2028 900,000 1,107,182
Ireland (Republic of) 1.00% 2026 500,000 633,571
Ireland (Republic of) 2.40% 2030 30,000 42,604
Ireland (Republic of) 3.40% 2024 50,000 73,044
Israel (State of) 2.00% 2027 2,100,000 616,392
Israel (State of) 3.15% 2023 400,000 399,769
Israel (State of) 5.50% 2042 1,000,000 428,073
Italy (Republic of) 0.95% 2023 150,000 187,348
Italy (Republic of) 1.45% 2022 300,000 384,536
Italy (Republic of) 1.50% 2025 570,000 712,343
Italy (Republic of) 4.50% 2024 200,000 296,436
Italy (Republic of) 4.75% 2023 100,000 148,937
JPMorgan Chase & Co. 2.55% 2021 76,000 74,815
JPMorgan Chase & Co. 2.70% 2023 150,000 144,766
JPMorgan Chase & Co. 3.25% 2022 28,000 27,926
JPMorgan Chase & Co., Series-S, junior subordinated, perpetual, 6.75% (undated) 135,000 147,454
Japan, Series 115, 0.20% 2018 5,000,000 47,067
Japan, Series 128, 0.10% 2021 220,000,000 2,082,690
Japan, Series 134, 0.10% 2022 95,000,000 901,938
Japan, Series 145, 1.70% 2033 150,000,000 1,709,084
Japan, Series 161, 0.60% 2037 170,000,000 1,630,062
Japan, Series 17, 0.10% 2023 10,370,000 101,951
Japan, Series 18, 0.10% 2024 20,620,000 203,206
Japan, Series 19, 0.10% 2024 30,090,000 297,803
Japan, Series 21, 0.10% 2026 40,154,400 399,452
Japan, Series 21, 2.30% 2035 20,000,000 248,467
Japan, Series 22, 0.10% 2027 25,169,500 251,448
Japan, Series 315, 1.20% 2021 65,000,000 636,936
Japan, Series 326, 0.70% 2022 10,000,000 97,577
Japan, Series 337, 0.30% 2024 205,000,000 1,976,040
Japan, Series 340, 0.40% 2025 20,000,000 194,350
Japan, Series 344, 0.10% 2026 70,000,000 664,591
Japan, Series 346, 0.10% 2027 354,600,000 3,364,413
Japan, Series 36, 2.00% 2042 10,000,000 122,750
Japan, Series 42, 1.70% 2044 75,000,000 878,620
Japan, Series 53, 0.60% 2046 10,000,000 91,096
Japan, Series 57, 0.80% 2047 25,000,000 238,944
KfW 2.125% 2022 250,000 244,273
Kinder Morgan Energy Partners, LP 3.50% 2021 30,000 30,034
Kinder Morgan Energy Partners, LP 5.50% 2044 200,000 204,800
Kinder Morgan, Inc. 4.30% 2028 150,000 149,684
Korea Housing Finance Corp. 2.00% 2021 250,000 239,070
Korea Housing Finance Corp. 2.50% 2020 250,000 245,350
Kraft Heinz Co. 3.50% 2022 100,000 99,975
Kroger Co. 3.50% 2026 140,000 134,841
Kuwait (State of) 2.75% 2022 200,000 196,250
Lima Metro Line Finance Ltd. 5.875% 2034 200,000 207,250
Lithuania (Republic of) 7.375% 2020 100,000 108,357
Lloyds Banking Group PLC 6.50% 2020 210,000 290,105
Lockheed Martin Corp. 3.10% 2023 10,000 9,947
Lockheed Martin Corp. 3.55% 2026 15,000 14,891
Malaysia (Federation of), Series 0115, 3.955% 2025 2,500,000 646,608
Malaysia (Federation of), Series 0116, 3.80% 2023 5,000,000 1,292,222
Malaysia (Federation of), Series 0212, 3.892% 2027 167,000 42,532
Malaysia (Federation of), Series 0215, 3.795% 2022 400,000 103,774
Malaysia (Federation of), Series 0310, 4.498% 2030 1,600,000 420,062
Malaysia (Federation of), Series 0314, 4.048% 2021 350,000 91,961
Malaysia (Federation of), Series 0315, 3.659% 2020 58,000 15,095
Malaysia (Federation of), Series 0316, 3.90% 2026 2,033,000 521,653
Malaysia (Federation of), Series 0511, 3.58% 2018 293,000 75,906
Malaysia (Federation of), Series 0515, 3.759% 2019 550,000 143,034
McDonald's Corp. 3.50% 2020 50,000 50,792
McDonald's Corp. 3.70% 2026 35,000 35,235
McDonald's Corp. 3.80% 2028 110,000 111,542
McDonald's Corp. 4.875% 2045 25,000 27,200
Medtronic, Inc. 3.50% 2025 100,000 99,997
Microsoft Corp. 2.40% 2026 110,000 102,474
Microsoft Corp. 3.30% 2027 530,000 526,418
Monsanto Co. 4.40% 2044 100,000 97,467
Morgan Stanley 3.125% 2026 110,000 104,144
Morgan Stanley 3.875% 2026 75,000 74,966
Morocco (Kingdom of) 4.25% 2022 200,000 204,495
Myriad International Holdings 5.50% 2025 250,000 265,826
Myriad International Holdings 6.00% 2020 250,000 263,786
NBCUniversal Media, LLC 4.375% 2021 50,000 51,960
NN Group NV, 4.50% (undated) 100,000 134,012
National Highways Authority of India 7.17% 2021 30,000,000 454,598
Netherlands (Kingdom of the) 5.50% 2028 100,000 181,578
NiSource Finance Corp. 2.65% 2022 50,000 48,424
Niagara Mohawk Power Corp. 3.508% 2024 85,000 85,269
Nissan Motor Co., Ltd. 2.15% 2020 120,000 117,543
Nissan Motor Co., Ltd. 2.60% 2022 115,000 111,517
Nordea Kredit 2.00% 2037 1,226,190 211,496
Norway (Kingdom of) 3.75% 2021 2,200,000 302,737
Nykredit Realkredit AS, Series 01E, 2.00% 2037 6,369,972 1,099,757
Oracle Corp. 3.25% 2027 210,000 204,946
Orange SA 2.75% 2019 140,000 139,977
PNC Financial Services Group, Inc. 2.854% 2022 100,000 98,433
Pacific Gas and Electric Co. 2.95% 2026 25,000 23,384
Pacific Gas and Electric Co. 3.30% 2027 275,000 260,587
Pacific Gas and Electric Co. 3.85% 2023 70,000 71,333
Pacific Gas and Electric Co. 4.25% 2046 75,000 72,722
Pernod Ricard SA 4.45% 2022 150,000 155,819
Peru (Republic of) 5.625% 2050 20,000 24,100
Peru (Republic of) 6.15% 2032 675,000 231,009
Petrobras Global Finance Co. 5.299% 2025 85,000 84,044
Petróleos Mexicanos 6.35% 2048 357,000 346,736
Petróleos Mexicanos 6.50% 2027 130,000 139,003
Philip Morris International Inc. 2.00% 2020 55,000 54,192
Philip Morris International Inc. 2.625% 2022 15,000 14,703
Philip Morris International Inc. 2.90% 2021 100,000 99,111
Philip Morris International Inc. 4.25% 2044 25,000 25,086
Phillips 66 Partners LP 4.68% 2045 5,000 4,887
Poland (Republic of), Series 0725, 3.25% 2025 2,450,000 733,300
Poland (Republic of), Series 0922, 5.75% 2022 870,000 292,224
Poland (Republic of), Series 1020, 5.25% 2020 5,150,000 1,643,324
Poland (Republic of), Series 1021, 5.75% 2021 2,670,000 882,707
Poland (Republic of), Series 1023, 4.00% 2023 2,800,000 881,229
Portuguese Republic 2.125% 2028 125,000 161,565
Portuguese Republic 2.875% 2025 900,000 1,246,251
Portuguese Republic 2.875% 2026 490,000 677,691
Portuguese Republic 5.125% 2024 250,000 266,475
President & Fellows of Harvard College 3.619% 2037 150,000 151,434
Quebec (Province of) 2.375% 2022 114,000 112,084
Rabobank Nederland 3.875% 2023 100,000 141,802
Realkredit Danmark AS, Series 22S, 2.00% 2037 2,855,230 492,358
Red de Carreteras de Occidente 9.00% 2028 2,000,000 106,588
Reynolds American Inc. 4.00% 2022 15,000 15,270
Reynolds American Inc. 4.45% 2025 105,000 108,115
Roche Holdings, Inc. 3.35% 2024 200,000 201,001
Romania 3.375% 2038 80,000 98,680
SOCIETE GENERALE 4(2) CP 4/2/2018 8,650,000 8,648,443
Saudi Arabia (Kingdom of) 2.894% 2022 200,000 194,847
Saudi Arabia (Kingdom of) 3.625% 2028 200,000 190,258
Scentre Group 3.75% 2027 20,000 19,723
Schlumberger BV 4.00% 2025 80,000 81,435
Shire PLC 2.40% 2021 180,000 173,901
Shire PLC 2.875% 2023 45,000 42,998
Shire PLC 3.20% 2026 25,000 23,339
Sierra Pacific Power Co., General and Refunding Mortgage Notes, Series T, 3.375% 2023 100,000 101,374
Skandinaviska Enskilda Banken AB 2.80% 2022 250,000 245,389
South Africa (Republic of), Series R-2023, 7.75% 2023 1,950,000 167,324
South Africa (Republic of), Series R-214, 6.50% 2041 8,050,000 525,627
South Korea (Republic of), Series 2106, 4.25% 2021 262,000,000 260,436
South Korea (Republic of), Series 2203, 1.875% 2022 260,000,000 239,126
South Korea (Republic of), Series 2209, 2.00% 2022 945,000,000 870,709
South Korea (Republic of), Series 2712, 2.375% 2027 500,000,000 458,947
Spain (Kingdom of) 1.30% 2026 210,000 266,218
Spain (Kingdom of) 1.40% 2028 500,000 629,295
Spain (Kingdom of) 1.95% 2026 450,000 601,099
Spain (Kingdom of) 2.70% 2028 375,000 508,085
Spain (Kingdom of) 2.75% 2024 355,000 499,986
Spain (Kingdom of) 2.90% 2046 130,000 184,929
Spain (Kingdom of) 3.80% 2024 320,000 473,071
State Grid Overseas Investment Ltd. 3.50% 2027 450,000 434,111
Statoil ASA 3.15% 2022 160,000 160,361
Statoil ASA 3.70% 2024 50,000 50,927
Sweden (Kingdom of) 1.125% 2019 200,000 196,266
Thailand (Kingdom of) 1.875% 2022 14,100,000 454,196
Thailand (Kingdom of) 2.125% 2026 6,000,000 187,604
Thailand (Kingdom of) 3.85% 2025 7,300,000 259,186
Thomson Reuters Corp. 4.30% 2023 75,000 76,820
Time Warner Inc. 4.75% 2021 150,000 156,726
Total Capital International 2.875% 2022 150,000 149,166
Toyota Motor Credit Corp. 2.25% 2023 85,000 80,873
U S TREASURY BILL 4/19/2018 5,000,000 4,996,150
U.S. Treasury 0.75% 2018 280,000 279,796
U.S. Treasury 1.00% 2019 1,000,000 980,300
U.S. Treasury 1.125% 2021 1,025,000 982,001
U.S. Treasury 1.25% 2019 50,000 49,651
U.S. Treasury 1.375% 2018 150,000 149,771
U.S. Treasury 1.375% 2018 200,000 199,810
U.S. Treasury 1.375% 2020 900,000 882,180
U.S. Treasury 1.375% 2021 550,000 532,450
U.S. Treasury 1.375% 2023 300,000 282,246
U.S. Treasury 1.50% 2018 100,000 99,836
U.S. Treasury 1.50% 2020 350,000 343,364
U.S. Treasury 1.625% 2019 1,075,000 1,067,712
U.S. Treasury 1.625% 2019 300,000 297,795
U.S. Treasury 1.625% 2026 535,000 493,949
U.S. Treasury 1.625% 2026 440,000 405,002
U.S. Treasury 1.75% 2019 600,000 595,890
U.S. Treasury 1.75% 2020 1,600,000 1,573,808
U.S. Treasury 1.75% 2023 100,000 96,023
U.S. Treasury 1.875% 2022 700,000 684,194
U.S. Treasury 1.875% 2022 600,000 583,944
U.S. Treasury 2.00% 2021 108,000 106,294
U.S. Treasury 2.00% 2022 75,000 73,679
U.S. Treasury 2.00% 2022 455,000 444,157
U.S. Treasury 2.00% 2022 500,000 488,340
U.S. Treasury 2.00% 2024 750,000 722,663
U.S. Treasury 2.125% 2020 200,000 198,982
U.S. Treasury 2.125% 2024 2,025,000 1,962,124
U.S. Treasury 2.125% 2024 500,000 483,830
U.S. Treasury 2.125% 2025 200,000 192,666
U.S. Treasury 2.25% 2024 200,000 194,812
U.S. Treasury 2.25% 2027 700,000 673,127
U.S. Treasury 2.25% 2027 500,000 479,165
U.S. Treasury 2.25% 2027 2,800,000 2,686,068
U.S. Treasury 2.375% 2023 2,000,000 1,983,820
U.S. Treasury 2.375% 2027 1,500,000 1,456,080
U.S. Treasury 2.50% 2045 315,000 287,567
U.S. Treasury 2.625% 2023 800,000 802,528
U.S. Treasury 2.875% 2046 500,000 490,170
U.S. Treasury 3.00% 2044 355,000 357,329
U.S. Treasury 3.00% 2045 100,000 100,632
U.S. Treasury 3.125% 2019 225,000 227,338
U.S. Treasury Inflation-Protected Security 0.125% 2021 1,098,279 1,089,487
U.S. Treasury Inflation-Protected Security 0.125% 2022 215,085 212,143
U.S. Treasury Inflation-Protected Security 0.125% 2024 522,025 510,185
U.S. Treasury Inflation-Protected Security 0.25% 2025 847,795 829,378
U.S. Treasury Inflation-Protected Security 0.375% 2023 319,578 318,685
U.S. Treasury Inflation-Protected Security 0.375% 2025 235,211 232,361
U.S. Treasury Inflation-Protected Security 0.375% 2027 1,693,346 1,651,383
U.S. Treasury Inflation-Protected Security 0.375% 2027 217,887 212,732
U.S. Treasury Inflation-Protected Security 0.50% 2028 1,005,020 987,654
U.S. Treasury Inflation-Protected Security 0.625% 2024 1,779,621 1,789,669
U.S. Treasury Inflation-Protected Security 0.625% 2026 834,656 834,985
U.S. Treasury Inflation-Protected Security 1.375% 2044 505,258 561,859
U.S. Treasury Inflation-Protected Security 2.375% 2025 65,759 73,655
U.S. Treasury Note 1.625% 2022 2,850,000 2,742,669
US Bancorp. 2.85% 2023 300,000 296,278
UniCredit SPA 4.625% 2027 200,000 202,289
Union Pacific Corp. 2.95% 2023 100,000 99,331
United Kingdom 1.75% 2022 280,000 405,742
United Kingdom 2.75% 2024 400,000 617,168
United Kingdom 3.25% 2044 250,000 461,384
United Kingdom 3.50% 2045 150,000 289,983
United Kingdom 3.75% 2020 75,000 112,673
United Kingdom 4.25% 2027 50,000 88,557
United Kingdom 4.25% 2040 50,000 103,661
United Mexican States 4.00% 2040 30,118 169,793
United Mexican States 4.15% 2027 200,000 202,450
United Mexican States 4.60% 2046 200,000 190,440
United Mexican States, Series M, 5.75% 2026 270,000 1,350,000
United Mexican States, Series M, 6.50% 2021 90,000 485,337
United Mexican States, Series M, 6.50% 2022 85,000 455,872
United Mexican States, Series M, 8.00% 2020 20,000 111,839
United Mexican States, Series M20, 10.00% 2024 73,000 461,040
United Mexican States, Series M30, 10.00% 2036 25,000 170,888
United Technologies Corp. 3.10% 2022 215,000 213,308
Uruguay (Oriental Republic of) 8.50% 2028 9,188,000 298,877
Uruguay (Oriental Republic of) 9.875% 2022 3,334,000 119,785
VEB Finance Ltd. 6.902% 2020 100,000 106,318
Vale SA 6.25% 2026 75,000 84,210
Verizon Communications Inc. 2.45% 2022 125,000 120,123
Verizon Communications Inc. 4.272% 2036 248,000 237,806
Verizon Communications Inc. 4.50% 2033 90,000 91,273
WEA Finance LLC 2.70% 2019 200,000 199,099
WEA Finance LLC 3.75% 2024 200,000 200,440
Wells Fargo & Co. 3.584% 2028 100,000 97,625
Williams Partners LP 4.00% 2025 75,000 73,870
Williams Partners LP 4.30% 2024 100,000 101,454
Williams Partners LP 4.50% 2023 100,000 102,827
Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
AIA Group Ltd. 250,000 2,134,218 0.56
ASML Holding NV 31,500 6,232,179 1.63
ASSA ABLOY AB, Class B 118,000 2,561,996 0.67
Alphabet Inc., Class C 1,000 1,031,790 0.27
Altria Group, Inc. 51,000 3,178,320 0.83
Amazon.com, Inc. 3,300 4,776,222 1.25
Amphenol Corp., Class A 24,000 2,067,120 0.54
Apple Inc. 8,800 1,476,464 0.39
AstraZeneca PLC 17,700 1,217,432 0.32
B3 SA - Brasil, Bolsa, Balcao 376,000 3,039,707 0.80
BAE Systems PLC 170,000 1,388,637 0.36
BNP Paribas SA 18,200 1,349,447 0.35
Bank Central Asia Tbk PT 1,080,000 1,833,641 0.48
BlackRock, Inc. 3,000 1,625,160 0.43
Boeing Co. 15,750 5,164,110 1.35
Boral Ltd. 185,000 1,064,306 0.28
British American Tobacco PLC 104,700 6,077,953 1.59
British American Tobacco PLC (ADR) 22,146 1,277,603 0.34
Broadcom Inc. 9,750 2,297,588 0.60
Caterpillar Inc. 12,000 1,768,560 0.46
Chevron Corp. 10,000 1,140,400 0.30
Coca-Cola Co. 29,000 1,259,470 0.33
Coca-Cola European Partners plc 48,000 1,999,680 0.52
ConocoPhillips 56,006 3,320,596 0.87
Croda International PLC 13,100 840,644 0.22
Cummins Inc. 8,000 1,296,720 0.34
Daito Trust Construction Co., Ltd. 11,000 1,869,238 0.49
DowDuPont Inc. 32,948 2,099,117 0.55
ENN Energy Holdings Ltd. 232,000 2,080,782 0.55
Edenred SA 65,000 2,261,756 0.59
Enbridge Inc. 16,157 503,074 0.13
Enbridge Inc. 50,594 1,591,236 0.42
Enel Américas SA (ADR) 197,000 2,289,140 0.60
Equinix, Inc. REIT 4,240 1,772,914 0.46
Express Scripts Holding Co. 13,600 939,488 0.25
Fisher & Paykel Healthcare Corp. Ltd. 204,000 1,959,435 0.51
Flughafen Zürich AG 12,235 2,700,811 0.71
General Electric Co. 57,000 768,360 0.20
General Motors Co. 25,000 908,500 0.24
Gilead Sciences, Inc. 14,000 1,055,460 0.28
Goldman Sachs Group, Inc. 4,000 1,007,440 0.26
Grupo Financiero Galicia SA, Class B (ADR) 18,500 1,216,560 0.32
HDFC Bank Ltd. (ADR) 21,605 2,133,926 0.56
HSBC Holdings PLC 539,633 5,044,412 1.32
Hamamatsu Photonics KK 19,000 729,458 0.19
Harmonic Drive Systems Inc. 22,000 1,235,471 0.32
Home Depot, Inc. 9,000 1,604,160 0.42
Humana Inc. 20,830 5,599,729 1.47
International Consolidated Airlines Group, SA (CDI) 120,000 1,036,425 0.27
JPMorgan Chase & Co. 42,700 4,695,719 1.23
KONE OYJ, Class B 19,700 984,024 0.26
Keyence Corp. 4,400 2,754,115 0.72
Koninklijke DSM NV 12,000 1,193,239 0.31
LUKOIL Oil Co. PJSC (ADR) 39,800 2,745,716 0.72
LVMH Moët Hennessy-Louis Vuitton SE 4,195 1,293,692 0.34
Linde AG, non-registered shares 8,900 1,873,608 0.49
Link Real Estate Investment Trust REIT 211,697 1,815,591 0.48
Lockheed Martin Corp. 3,080 1,040,824 0.27
LyondellBasell Industries NV 12,000 1,268,160 0.33
MTU Aero Engines AG 9,000 1,517,062 0.40
Medtronic PLC 15,000 1,203,300 0.32
Merck & Co., Inc. 56,120 3,056,856 0.80
Mettler-Toledo International Inc. 3,500 2,012,605 0.53
Microsoft Corp. 53,500 4,882,945 1.28
Nestlé SA 43,800 3,467,488 0.91
Nintendo Co., Ltd. 19,800 8,829,158 2.32
Nokian Renkaat Oyj 50,634 2,303,153 0.60
Northrop Grumman Corp. 3,450 1,204,464 0.32
Novartis AG 11,800 954,644 0.25
Pernod Ricard SA 8,800 1,465,943 0.38
Peugeot SA 52,500 1,264,318 0.33
Philip Morris International Inc. 36,700 3,647,980 0.96
Power Assets Holdings Ltd. 120,500 1,078,945 0.28
ProSiebenSat.1 Media SE 20,000 693,678 0.18
Procter & Gamble Co. 11,000 872,080 0.23
Reliance Industries Ltd. 106,000 1,441,378 0.38
Rio Tinto PLC 18,000 913,893 0.24
Royal Dutch Shell PLC, Class B 114,200 3,680,085 0.97
Sberbank of Russia PJSC (ADR) 123,000 2,297,152 0.60
Schlumberger Ltd. 20,400 1,321,512 0.35
Symantec Corp. 62,565 1,617,305 0.42
Taiwan Semiconductor Manufacturing Co., Ltd. 664,000 5,643,349 1.48
The Chemours Co. 3,200 155,872 0.04
TravelSky Technology Ltd., Class H 250,000 732,434 0.19
UnitedHealth Group Inc. 3,255 696,570 0.18
Visa Inc., Class A 14,600 1,746,452 0.46
Wells Fargo & Co. 40,200 2,106,882 0.55
WestRock Co. 24,570 1,576,657 0.41
bioMérieux SA 10,425 860,815 0.23
Ørsted AS 33,800 2,200,712 0.58

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

*
Excludes certain securities in initial period of acquisition.