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Portfolio Holdings

American Funds Insurance Series - Asset Allocation Fund

As of September 30, 2017 (updated quarterly, upon availability)

Fixed-Income Securities* Shares or Principal Amount Market Value
3M Co. 2.25% 2026 1,000,000 947,677
ACE INA Holdings Inc. 2.30% 2020 1,345,000 1,355,174
ACE INA Holdings Inc. 2.875% 2022 3,880,000 3,953,173
ACE INA Holdings Inc. 3.35% 2026 880,000 902,827
ACE INA Holdings Inc. 4.35% 2045 800,000 880,789
AEP Transmission Company LLC 3.75% 2047 2,390,000 2,386,723
AES Corp. 5.50% 2025 5,525,000 5,835,781
AES Corp. 6.00% 2026 2,990,000 3,229,200
APPLE INC 4(2) CP 11/13/2017 75,000,000 74,895,450
APPLE INC 4(2) CP 12/11/2017 46,700,000 46,591,002
APT Pipelines Ltd. 4.20% 2025 7,000,000 7,284,333
ARMY& AIR FORCE EXCHANGE SERVICE 4(2) CP 10/12/2017 32,000,000 31,987,360
AT&T Inc. 2.80% 2021 3,150,000 3,189,331
AT&T Inc. 2.85% 2023 5,205,000 5,185,768
AT&T Inc. 3.40% 2024 4,560,000 4,572,048
AT&T Inc. 3.90% 2027 1,500,000 1,504,748
AT&T Inc. 4.250% 2027 1,250,000 1,286,630
AT&T Inc. 4.90% 2037 8,000,000 8,119,560
AT&T Inc. 5.15% 2050 2,160,000 2,185,065
AbbVie Inc. 2.50% 2020 360,000 364,482
AbbVie Inc. 2.90% 2022 115,000 116,735
AbbVie Inc. 3.20% 2022 4,680,000 4,802,789
AbbVie Inc. 3.60% 2025 110,000 114,190
AbbVie Inc. 4.30% 2036 650,000 684,255
AbbVie Inc. 4.45% 2046 5,350,000 5,650,943
Abbott Laboratories 2.90% 2021 1,130,000 1,150,311
Abbott Laboratories 3.40% 2023 1,965,000 2,025,463
Abbott Laboratories 3.75% 2026 6,695,000 6,879,936
Abbott Laboratories 4.75% 2036 460,000 508,283
Abbott Laboratories 4.90% 2046 500,000 560,385
Aetna Inc. 1.70% 2018 855,000 855,703
Aleris International, Inc. 7.875% 2020 1,625,000 1,633,125
Alexandria Real Estate Equities, Inc. 3.95% 2028 1,220,000 1,244,563
Allergan PLC 2.35% 2018 2,000,000 2,005,992
Allergan PLC 3.00% 2020 1,050,000 1,072,431
Allergan PLC 3.45% 2022 7,645,000 7,941,458
Allergan PLC 4.75% 2045 342,000 371,666
Allison Transmission Holdings, Inc. 5.00% 2024 2,975,000 3,095,041
Allstate Corp. 3.28% 2026 5,095,000 5,195,173
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 8.567% 2025 1,750,000 1,788,750
Alphabet Inc. 1.998% 2026 5,150,000 4,842,900
Altria Group, Inc. 2.625% 2020 2,350,000 2,386,716
Altria Group, Inc. 2.625% 2026 1,275,000 1,228,392
Altria Group, Inc. 3.875% 2046 975,000 954,912
Altria Group, Inc. 4.00% 2024 1,250,000 1,328,410
Altria Group, Inc. 4.50% 2043 3,000,000 3,219,291
Altria Group, Inc. 5.375% 2044 750,000 902,121
Amazon.com, Inc. 2.40% 2023 3,000,000 2,995,404
Amazon.com, Inc. 2.80% 2024 5,875,000 5,892,825
Amazon.com, Inc. 3.15% 2027 2,250,000 2,263,325
Amazon.com, Inc. 4.80% 2034 1,000,000 1,135,568
AmeriCredit Automobile Receivables Trust, Series 2014-4, Class A3, 1.27% 2019 76,487 76,482
AmeriCredit Automobile Receivables Trust, Series 2015-3, Class C, 2.73% 2021 3,455,000 3,489,761
AmeriCredit Automobile Receivables Trust, Series 2016-3, Class A3, 1.46% 2021 1,500,000 1,495,581
AmeriCredit Automobile Receivables Trust, Series 2016-3, Class B, 1.80% 2021 500,000 497,001
AmeriCredit Automobile Receivables Trust, Series 2016-4, Class A2A, 1.34% 2020 301,091 300,891
American Axle & Manufacturing Holdings, Inc. 6.50% 2027 3,275,000 3,311,844
American Campus Communities, Inc. 3.35% 2020 1,765,000 1,807,662
American Campus Communities, Inc. 3.75% 2023 4,375,000 4,506,836
American Campus Communities, Inc. 4.125% 2024 6,225,000 6,527,280
American Electric Power Co., Inc. 2.75% 2026 670,000 648,772
American Electric Power Co., Inc. 2.95% 2022 4,020,000 4,103,479
American Energy (Marcellus), Term Loan A, (3-month USD-LIBOR + 7.50%) 8.735% 2021 5,188,286 385,879
American Energy (Marcellus), Term Loan B, (3-month USD-LIBOR + 4.25%) 5.485% 2020 6,933,093 5,169,487
American Energy (Permian Basin) (3-month USD-LIBOR + 6.50%) 7.811% 2019 1,050,000 976,500
American Energy (Permian Basin), 7.125% 2020 7,345,000 6,353,425
American Energy (Permian Basin), 7.375% 2021 5,725,000 4,966,438
American Tower Corp. 3.55% 2027 1,425,000 1,418,134
Amgen Inc. 2.65% 2022 7,000,000 7,062,622
Amgen Inc. 2.70% 2022 3,400,000 3,420,040
Amgen Inc. 4.40% 2045 2,000,000 2,096,532
Anadarko Petroleum Corp. 4.85% 2021 3,455,000 3,666,073
Anadarko Petroleum Corp. 5.55% 2026 2,250,000 2,512,719
Anadarko Petroleum Corp. 6.60% 2046 2,300,000 2,856,184
Angel Oak Capital Advisors, LLC, Series 2013-9A, Class A1R, CLO, (3-month USD-LIBOR + 1.01%) 2.317% 2025 3,665,000 3,665,367
Anglo American Capital PLC 3.625% 2024 2,035,000 2,031,553
Anglo American Capital PLC 4.00% 2027 2,365,000 2,340,177
Anheuser-Busch InBev NV 2.65% 2021 1,000,000 1,016,782
Anheuser-Busch InBev NV 3.30% 2023 5,940,000 6,163,766
Anheuser-Busch InBev NV 3.65% 2026 4,985,000 5,164,116
Anheuser-Busch InBev NV 4.90% 2046 550,000 628,449
Apple Inc. 2.50% 2022 2,355,000 2,386,967
Apple Inc. 2.90% 2027 9,000,000 8,932,410
Apple Inc. 3.00% 2024 1,250,000 1,281,529
Apple Inc. 3.35% 2027 90,000 92,731
Applied Systems, Inc., Term Loan, (3-month USD-LIBOR + 7.00%) 8% 2025 600,000 617,250
ArcelorMittal 7.25% 2041 5,615,000 6,674,831
Associated Materials, LLC 9.00% 2024 9,220,000 10,038,275
AstraZeneca PLC 3.375% 2025 7,890,000 8,020,556
Avis Budget Group, Inc. 5.50% 2023 2,525,000 2,591,281
BANK OF NY MELLON CP 11/20/2017 50,000,000 49,912,600
BB&T Corp. 2.45% 2020 6,000,000 6,064,776
BB&T Corp. 2.625% 2022 2,500,000 2,540,595
BB&T Corp. 2.75% 2022 6,000,000 6,105,846
BMC Software, Inc. 8.125% 2021 4,775,000 4,912,281
BPCE SA group 5.15% 2024 3,000,000 3,237,693
BPCE SA group 5.70% 2023 4,460,000 4,971,397
Ball Corp. 4.375% 2020 2,450,000 2,581,688
Bank of America Corp. 2.625% 2020 4,037,000 4,082,307
Bank of America Corp. 2.625% 2021 2,000,000 2,016,696
Bank of America Corp. 3.248% 2027 1,500,000 1,471,148
Bank of America Corp. 3.593% 2028 4,250,000 4,289,041
Bank of America Corp. 3.824% 2028 1,250,000 1,284,651
Bank of America Corp. 3.875% 2025 8,500,000 8,909,675
Bank of America Corp. 4.244% 2038 1,000,000 1,059,398
Bayer AG 2.375% 2019 2,750,000 2,766,382
Bayerische Motoren Werke AG 2.25% 2023 600,000 585,871
Bear Stearns Commercial Mortgage Securities Trust, Series 2007-PW18, Class AM, 6.084% 2050 1,430,000 1,432,488
Becton, Dickinson and Co. 2.133% 2019 2,250,000 2,256,458
Becton, Dickinson and Co. 2.404% 2020 2,250,000 2,258,951
Becton, Dickinson and Co. 2.894% 2022 6,360,000 6,380,511
Becton, Dickinson and Co. 3.363% 2024 860,000 868,942
Berkshire Hathaway Energy Co. 2.40% 2020 1,245,000 1,257,020
Berkshire Hathaway Finance Corp. 1.30% 2019 1,070,000 1,062,525
Berkshire Hathaway Inc. 2.20% 2021 1,000,000 1,007,131
Berkshire Hathaway Inc. 2.75% 2023 2,615,000 2,655,700
Berkshire Hathaway Inc. 3.125% 2026 1,000,000 1,012,046
Blackstone CQP Holdco LP, 6.00% 2021 5,700,000 5,600,250
Blackstone CQP Holdco LP, 6.50% 2021 21,325,000 21,644,875
BlueMountain CLO Ltd., Series 2013-4A, Class AR, (3-month USD-LIBOR + 1.01%) 2.314% 2025 2,945,000 2,946,590
BlueMountain CLO Ltd., Series 2014-2A, Class AR, (3-month USD LIBOR + 0.93%) 2.237% 2026 4,515,000 4,533,782
Boardwalk Pipelines, LP 4.45% 2027 735,000 749,532
Boardwalk Pipelines, LP 5.95% 2026 2,000,000 2,240,266
Bohai Financial Investment Holding Co., Ltd. 5.50% 2024 2,250,000 2,368,125
Boston Scientific Corp. 3.85% 2025 5,500,000 5,717,795
Brandywine Operating Partnership, LP 3.95% 2023 1,070,000 1,087,295
British American Tobacco International Finance PLC 3.95% 2025 5,500,000 5,738,200
British American Tobacco PLC 3.222% 2024 5,000,000 5,017,785
British American Tobacco PLC 4.39% 2037 5,500,000 5,621,094
British American Tobacco PLC 4.54% 2047 1,000,000 1,032,531
British Telecommunications PLC 9.125% 2030 4,225,000 6,405,227
Broadcom Ltd. 2.375% 2020 1,500,000 1,508,894
Broadcom Ltd. 3.00% 2022 1,500,000 1,527,480
Broadcom Ltd. 3.625% 2024 1,500,000 1,542,600
Broadcom Ltd. 3.875% 2027 9,920,000 10,232,063
CAFCO LLC 4(2) CP 11/21/2017 30,000,000 29,946,060
CCO Holdings LLC and CCO Holdings Capital Corp. 4.20% 2028 1,920,000 1,945,509
CCO Holdings LLC and CCO Holdings Capital Corp. 4.464% 2022 6,000,000 6,343,158
CCO Holdings LLC and CCO Holdings Capital Corp. 4.908% 2025 1,000,000 1,070,345
CCO Holdings LLC and CCO Holdings Capital Corp. 5.375% 2047 2,615,000 2,715,936
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2026 5,850,000 6,157,125
CCO Holdings LLC and CCO Holdings Capital Corp. 6.484% 2045 585,000 689,882
CF Industries, Inc. 4.50% 2026 1,965,000 2,059,023
CF Industries, Inc. 4.95% 2043 5,855,000 5,445,150
CIESCO LLC 4(2) CP 11/29/2017 50,000,000 49,890,950
CIESCO LLC 4(2) CP 12/21/2017 29,400,000 29,309,771
CIFC Funding Ltd., Series 2014-3A, Class AR, (3-month USD-LIBOR + 0.95%) 2.263% 2026 6,000,000 6,008,520
CISCO SYSTEMS INC 4(2) CP 12/20/2017 9,700,000 9,674,169
CIT Group Inc. 3.875% 2019 14,485,000 14,792,806
CLI Funding V LLC, Series 2014-1A, Class A, 3.29% 2029 741,034 740,078
CLI Funding V LLC, Series 2014-2A, Class A, 3.38% 2029 1,499,547 1,499,709
CMS Energy Corp. 8.75% 2019 2,000,000 2,219,714
COCA-COLA CO 4(2) CP 1/25/2018 20,000,000 19,917,920
COCA-COLA CO 4(2) CP 10/24/2017 25,000,000 24,980,875
COCA-COLA CO 4(2) CP 10/25/2017 25,000,000 24,980,100
CONSOL Energy Inc. 5.875% 2022 19,450,000 19,741,750
CPPIB Capital Inc. 1.25% 2019 3,900,000 3,859,635
CPPIB Capital Inc. 2.25% 2022 4,286,000 4,295,386
CPS Auto Receivables Trust, Series 2017-B, Class A, 1.75% 2020 1,910,296 1,909,377
CS First Boston Mortgage Securities Corp., Series 2004-5, Class IVA1, 6.00% 2034 459,908 469,739
CSAIL Commercial Mortgage Trust, Series 2015-C4, Class ASB, 3.6167% 2048 1,400,000 1,469,938
Cablevision Systems Corp. 6.75% 2021 5,975,000 6,617,313
Calpine Corp. 5.25% 2026 4,970,000 4,970,000
Calpine Corp. 5.375% 2023 4,210,000 4,115,907
Canadian National Railway Co. 3.20% 2046 2,635,000 2,414,227
Canadian Natural Resources Ltd. 2.95% 2023 7,975,000 7,935,372
Canadian Natural Resources Ltd. 3.85% 2027 2,855,000 2,889,468
Canadian Natural Resources Ltd. 4.95% 2047 1,815,000 1,909,429
Celgene Corp 3.875% 2025 1,370,000 1,447,384
Cenovus Energy Inc. 3.80% 2023 3,970,000 3,993,625
Cenovus Energy Inc. 4.25% 2027 6,625,000 6,578,585
Cenovus Energy Inc. 5.25% 2037 3,000,000 2,984,796
Cenovus Energy Inc. 5.40% 2047 2,415,000 2,429,311
Centene Corp. 4.75% 2022 10,495,000 11,006,631
Centene Corp. 4.75% 2025 3,825,000 3,978,000
Centerpoint Energy, Inc., 2.50% 2022 900,000 900,105
CenturyLink, Inc. 6.75% 2023 3,250,000 3,299,849
Cequel Communications Holdings I, LLC and Cequel Capital Corp. 6.375% 2020 3,843,000 3,934,271
Chemours Co. 6.625% 2023 4,990,000 5,333,063
Chemours Co. 7.00% 2025 2,400,000 2,670,000
Chesapeake Energy Corp. (3-month USD-LIBOR + 3.25%) 4.554% 2019 4,525,000 4,513,688
Chesapeake Energy Corp. 4.875% 2022 6,250,000 5,843,750
Chesapeake Energy Corp. 8.00% 2025 3,775,000 3,822,188
Chesapeake Energy Corp. 8.00% 2025 1,675,000 1,695,938
Chesapeake Energy Corp. 8.00% 2027 2,100,000 2,084,250
Chesapeake Energy Corp., Term Loan, (3-month USD-LIBOR + 7.50%) 8.814% 2021 2,150,000 2,318,642
Chevron Corp. 2.10% 2021 2,500,000 2,501,953
Chevron Corp. 2.498% 2022 2,730,000 2,753,598
Chevron Corp. 2.566% 2023 2,000,000 2,012,926
Chevron Corp. 2.895% 2024 4,500,000 4,559,765
Chevron Corp. 3.326% 2025 1,165,000 1,198,451
Chrysler Capital Auto Receivables Trust, Series 2015-AA, Class A3, 1.22% 2019 263,324 263,290
Chrysler Capital Auto Receivables Trust, Series 2015-AA, Class B, 2.07% 2021 500,000 501,538
Chrysler Capital Auto Receivables Trust, Series 2015-BA, Class A3, 1.91% 2020 292,595 293,372
Citibank Credit Card Issuance Trust, Series 2008-A2, Class A2, (1-month USD-LIBOR + 1.15%) 2.387% 2020 2,000,000 2,007,142
Citibank Credit Card Issuance Trust, Series 2014-A6, Class A6, 2.15% 2021 275,000 276,858
Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class AAB, 2.984% 2048 1,185,000 1,211,539
Citigroup Inc. 1.70% 2018 150,000 150,006
Citigroup Inc. 2.35% 2021 8,650,000 8,610,660
Citigroup Inc. 2.90% 2021 4,000,000 4,052,124
Citigroup Inc. 3.20% 2026 2,211,000 2,180,880
Citigroup Inc. 3.668% 2028 1,250,000 1,260,830
Clear Channel Worldwide Holdings, Inc. 7.625% 2020 15,760,000 15,622,100
Cliffs Natural Resources Inc. 5.75% 2025 15,970,000 15,391,088
Comcast Corp. 1.625% 2022 2,000,000 1,949,978
Comcast Corp. 2.35% 2027 5,435,000 5,076,904
Comcast Corp. 3.20% 2036 750,000 705,069
Comcast Corp. 3.30% 2027 1,000,000 1,014,585
Comcast Corp. 5.875% 2018 100,000 101,604
Comision Federal de Electricidad 4.75% 2027 1,270,000 1,339,850
Commercial Mortgage Trust, Series 2015-CR25, Class A4, 3.759% 2048 10,000,000 10,528,760
Commercial Mortgage Trust, Series 2015-CR26, Class A4, 3.63% 2048 5,000,000 5,209,630
Commercial Mortgage Trust, Series 2015-PC1, Class A5, 3.902% 2050 4,735,000 5,008,418
Commonwealth Bank of Australia 2.25% 2020 1,000,000 1,005,200
Commonwealth Bank of Australia 2.75% 2022 1,000,000 1,009,625
Commonwealth Edison Company 2.55% 2026 750,000 728,434
Commonwealth Edison Company 3.65% 2046 2,000,000 1,971,844
Commonwealth Edison Company 4.35% 2045 2,085,000 2,256,429
Communications Sales & Leasing, Inc. 6.00% 2023 4,625,000 4,440,000
Communications Sales & Leasing, Inc. 8.25% 2023 3,902,000 3,463,025
Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Ref. Bonds, Series 2014-E, 2.857% 2040 85,000 84,616
Concordia Healthcare Corp, Term Loan B, (3-month USD-LIBOR + 4.25%) 5.501% 2021 7,991,774 6,168,650
Concordia Healthcare Corp. 7.00% 2023 7,380,000 1,236,150
Concordia Healthcare Corp. 9.50% 2022 2,860,000 514,800
Connecticut Avenue Securities, Series 2014-C02, Class 1M1, (1-month USD-LIBOR + 0.95%) 2.187% 2024 48,884 49,075
Connecticut Avenue Securities, Series 2014-C03, Class 1M1, (1-month USD-LIBOR + 1.20%) 2.437% 2024 15,609 15,627
Connecticut Avenue Securities, Series 2014-C03, Class 2M1, (1-month USD-LIBOR + 1.20%) 2.437% 2024 3,704 3,705
Connecticut Avenue Securities, Series 2015-C04, Class 2M1, (1-month USD-LIBOR + 1.70%) 2.937% 2028 6,103 6,106
ConocoPhillips 4.20% 2021 3,300,000 3,519,384
ConocoPhillips 4.95% 2026 1,750,000 1,975,285
Constellation Brands, Inc. 2.70% 2022 395,000 396,654
Constellation Brands, Inc. 3.50% 2027 1,030,000 1,048,244
Constellation Brands, Inc. 4.50% 2047 445,000 468,701
Consumers Energy Co. 3.125% 2024 3,785,000 3,836,764
Consumers Energy Co. 3.25% 2046 940,000 866,435
Consumers Energy Co. 3.375% 2023 475,000 496,131
Convey Park Energy LLC 7.50% 2025 1,825,000 1,895,719
Corporate Office Properties LP 3.60% 2023 765,000 768,875
Corporate Office Properties LP 5.00% 2025 2,770,000 2,977,656
Corporate Office Properties LP 5.25% 2024 3,595,000 3,896,272
Corporate Risk Holdings LLC 13.50% 2020 952,118 1,018,766
Corporate Risk Holdings LLC 9.50% 2019 3,878,000 4,130,070
Costco Wholesale Corp. 2.15% 2021 2,250,000 2,257,207
Costco Wholesale Corp. 2.30% 2022 2,250,000 2,253,105
Costco Wholesale Corp. 2.75% 2024 12,250,000 12,283,859
Costco Wholesale Corp. 3.00% 2027 2,250,000 2,256,372
Credit Suisse Group AG 1.70% 2018 4,000,000 4,003,452
Credit Suisse Group AG 3.00% 2021 250,000 256,756
Credit Suisse Group AG 3.80% 2023 1,625,000 1,683,689
Crédit Agricole SA 4.375% 2025 1,700,000 1,769,707
Cumulus Media Inc., Term Loan B, (3-month USD-LIBOR + 3.25%) 0% 2020 3,891,197 3,219,966
DCP Midstream Operating LP 4.95% 2022 5,150,000 5,368,875
DDR Corp. 3.625% 2025 3,635,000 3,538,258
DDR Corp. 4.70% 2027 6,395,000 6,598,188
DISNEY WALT CO 4(2) CP 11/17/2017 88,800,000 88,661,206
DJO Finance LLC 8.125% 2021 2,950,000 2,839,375
DNB ASA 2.375% 2021 3,000,000 2,990,085
DaVita HealthCare Partners Inc. 5.00% 2025 3,875,000 3,831,406
DaimlerChrysler North America Holding Corp. 2.00% 2021 200,000 197,014
DaimlerChrysler North America Holding Corp. 2.25% 2019 6,000,000 6,026,022
DaimlerChrysler North America Holding Corp. 2.25% 2020 2,765,000 2,771,954
DaimlerChrysler North America Holding Corp. 3.45% 2027 2,505,000 2,553,727
Danske Bank AS 2.00% 2021 2,365,000 2,329,771
Danske Bank AS 2.70% 2022 2,000,000 2,011,638
Deutsche Telekom International Finance BV 1.95% 2021 1,000,000 980,187
Deutsche Telekom International Finance BV 2.82% 2022 2,535,000 2,550,649
Deutsche Telekom International Finance BV 3.60% 2027 4,750,000 4,812,971
Deutsche Telekom International Finance BV 9.25% 2032 3,570,000 5,602,422
Devon Energy Corp. 5.00% 2045 3,590,000 3,795,312
Devon Energy Corp. 5.85% 2025 2,000,000 2,308,532
Diamond Offshore Drilling, Inc. 4.875% 2043 4,685,000 3,537,175
Diamond Offshore Drilling, Inc. 7.875% 2025 1,300,000 1,379,625
Discover Card Execution Note Trust, Series 2015-A1, Class A1, (1-month USD-LIBOR + 0.35%) 1.584% 2020 200,000 200,208
Dominion Resources, Inc. 1.60% 2019 890,000 884,569
Dominion Resources, Inc. 1.875% 2018 2,500,000 2,498,548
Dominion Resources, Inc. 2.00% 2021 790,000 777,442
Dominion Resources, Inc. 2.579% 2020 950,000 957,182
Dominion Resources, Inc. 2.75% 2022 800,000 808,025
Dominion Resources, Inc. 2.85% 2026 1,500,000 1,446,147
Dominion Resources, Inc. 2.962% 2019 300,000 304,408
Drive Auto Receivables Trust, Series 2017-AA, Class A2A, 1.48% 2019 276,881 276,884
Drive Auto Receivables Trust, Series 2017-AA, Class C, 2.98% 2022 850,000 859,248
Drivetime Auto Owner Trust, Series 2016-3A, Class A, 1.75% 2019 238,360 238,399
Drivetime Auto Owner Trust, Series 2016-3A, Class C, 3.15% 2022 2,395,000 2,407,215
Duke Energy Corp. 1.80% 2021 275,000 269,633
Duke Energy Corp. 2.65% 2026 2,325,000 2,226,852
Duke Energy Corp. 3.15% 2027 1,855,000 1,842,006
Duke Energy Corp. 3.75% 2024 150,000 157,059
Duke Energy Florida, LLC 3.20% 2027 2,420,000 2,448,856
Duke Energy Ohio, Inc. 3.70% 2046 1,950,000 1,931,132
Duke Energy Progress Inc. 3.70% 2046 4,350,000 4,314,765
Duke Energy Progress Inc. 4.15% 2044 3,020,000 3,227,175
EDP Finance BV 3.625% 2024 12,250,000 12,388,486
EDP Finance BV 4.125% 2020 6,000,000 6,239,544
ELI LILLY & CO 4(2) CP 10/17/2017 25,000,000 24,986,300
EMD Finance LLC 2.40% 2020 210,000 211,738
EMD Finance LLC 2.95% 2022 1,010,000 1,027,307
EMD Finance LLC 3.25% 2025 6,170,000 6,263,315
EOG Resources, Inc. 4.15% 2026 2,980,000 3,162,263
EPR Properties 4.50% 2027 4,365,000 4,426,154
EPR Properties 4.75% 2026 6,070,000 6,285,582
EQT Corp. 3.00% 2022 975,000 977,621
EQT Corp. 3.90% 2027 1,810,000 1,813,240
ESTEE LAUDER 4(2) CP 11/6/2017 25,000,000 24,968,325
EXXON CORP CP 10/5/2017 50,000,000 49,991,100
EXXON CORP CP 11/21/2017 29,600,000 29,551,752
Eastman Chemical Co. 2.70% 2020 7,000,000 7,086,968
EchoStar Corp. 6.625% 2026 4,725,000 5,067,563
Electricité de France SA 2.35% 2020 650,000 653,932
Electricité de France SA 6.95% 2039 4,000,000 5,378,720
Emera US Finance LP 2.15% 2019 300,000 300,214
Emera US Finance LP 2.70% 2021 770,000 774,632
Emera US Finance LP 3.55% 2026 645,000 650,268
EnLink Midstream Partners, LP 4.15% 2025 7,330,000 7,410,329
EnLink Midstream Partners, LP 4.85% 2026 2,500,000 2,619,565
EnLink Midstream Partners, LP 5.05% 2045 3,135,000 3,029,720
EnLink Midstream Partners, LP 5.45% 2047 1,415,000 1,465,153
Enbridge Energy Partners, LP 5.20% 2020 120,000 127,807
Enbridge Energy Partners, LP 5.875% 2025 3,825,000 4,367,293
Enbridge Energy Partners, LP 7.375% 2045 1,000,000 1,291,917
Enbridge Energy Partners, LP, Series B, 6.50% 2018 3,900,000 3,997,309
Enbridge Energy Partners, LP, Series B, 7.50% 2038 2,000,000 2,542,722
Enbridge Inc. 3.50% 2024 1,000,000 1,016,625
Enbridge Inc. 4.00% 2023 3,035,000 3,195,181
Enbridge Inc. 4.25% 2026 1,855,000 1,953,775
Enbridge Inc. 5.50% 2046 965,000 1,112,131
Endo Finance LLC & Endo Finco Inc. 6.00% 2025 3,580,000 2,917,700
Endo International PLC 5.75% 2022 6,975,000 6,155,438
Energy Transfer Partners, LP 4.00% 2027 1,126,000 1,123,572
Energy Transfer Partners, LP 4.15% 2020 3,500,000 3,657,129
Energy Transfer Partners, LP 4.20% 2027 430,000 436,029
Energy Transfer Partners, LP 4.75% 2026 6,500,000 6,850,857
Energy Transfer Partners, LP 5.30% 2047 3,000,000 3,016,305
Energy Transfer Partners, LP 5.40% 2047 7,686,000 7,852,171
Energy Transfer Partners, LP 5.50% 2027 5,420,000 5,731,650
Energy Transfer Partners, LP 5.875% 2024 2,775,000 2,993,531
Energy Transfer Partners, LP 7.50% 2020 1,175,000 1,329,219
Enersis Américas SA 4.00% 2026 495,000 505,593
Ensco PLC, 5.75% 2044 6,295,000 4,548,138
Entergy Corp. 2.95% 2026 1,160,000 1,123,506
Enterprise Fleet Financing LLC, Series 2014-2, Class A2, 1.05% 2017 78,745 78,723
Enterprise Fleet Financing LLC, Series 2015-1, Class A2, 1.30% 2020 885,524 885,157
Enterprise Fleet Financing LLC, Series 2016-2, Class A2, 1.74% 2022 643,689 643,287
Enterprise Fleet Financing LLC, Series 2017-1, Class A2, 2.13% 2022 635,000 636,868
Enterprise Fleet Financing LLC, Series 2017-1, Class A3, 2.60% 2022 655,000 661,765
Enterprise Products Operating LLC 4.90% 2046 1,000,000 1,096,160
Essex Portfolio L.P. 3.50% 2025 5,865,000 5,944,846
Essex Portfolio L.P. 3.875% 2024 1,000,000 1,040,863
Euramax International, Inc. 12.00% 2020 4,525,000 4,943,563
European Investment Bank 2.25% 2022 4,470,000 4,504,464
Exelon Corp. 3.40% 2026 200,000 201,393
Exelon Corp. 3.497% 2022 5,250,000 5,412,152
Exxon Mobil Corp. 2.222% 2021 5,070,000 5,109,637
Exxon Mobil Corp. 2.726% 2023 3,000,000 3,055,929
Exxon Mobil Corp. 3.043% 2026 2,250,000 2,294,595
FED HM LN BK BD 10/10/2017 84,600,000 84,582,234
FED HM LN BK BD 10/13/2017 175,000,000 174,949,250
FED HM LN BK BD 10/18/2017 63,400,000 63,372,738
FED HM LN BK BD 10/2/2017 34,100,000 34,100,000
FED HM LN BK BD 10/25/2017 70,000,000 69,956,600
FED HM LN BK BD 10/3/2017 19,300,000 19,299,421
FED HM LN BK BD 10/4/2017 84,300,000 84,295,785
FED HM LN BK BD 10/6/2017 87,500,000 87,490,375
FED HM LN BK BD 11/10/2017 40,000,000 39,957,200
FED HM LN BK BD 11/15/2017 24,800,000 24,769,992
FED HM LN BK BD 11/17/2017 75,000,000 74,904,750
FED HM LN BK BD 11/21/2017 41,000,000 40,942,600
FED HM LN BK BD 11/3/2017 23,300,000 23,279,962
FED HM LN BK BD 11/7/2017 42,800,000 42,758,484
FED HM LN BK BD 12/18/2017 24,100,000 24,044,811
FED HM LN BK BD 12/22/2017 75,000,000 74,819,250
FED HM LN BK BD 12/27/2017 30,000,000 29,923,200
FED HM LN BK BD 12/29/2017 22,000,000 21,942,360
FED HM LN MTG CORP DISC NT 2/23/2018 50,000,000 49,770,000
FED HM LN MTG CORP DISC NT 3/2/2018 50,000,000 49,755,500
FED HM LN MTG CORP DISC NT 4/3/2018 75,000,000 74,543,250
FED NAT MTG DISC NT 10/18/2017 50,000,000 49,978,500
FMG Resources 9.75% 2022 7,595,000 8,559,565
Fannie Mae 1.875% 2026 13,000,000 12,377,430
Fannie Mae 2.00% 2022 3,000,000 3,011,250
Fannie Mae 3.00% 2036 22,857,823 23,294,133
Fannie Mae 3.00% 2046 38,180,922 38,324,444
Fannie Mae 3.50% 2035 7,160,986 7,484,047
Fannie Mae 3.50% 2042 10,894,861 11,279,897
Fannie Mae 3.50% 2045 18,075,002 18,708,766
Fannie Mae 3.50% 2045 4,530,480 4,698,098
Fannie Mae 3.50% 2045 4,763,801 4,934,326
Fannie Mae 3.50% 2046 3,154,448 3,264,337
Fannie Mae 3.50% 2046 8,142,191 8,443,127
Fannie Mae 3.50% 2046 4,666,657 4,829,220
Fannie Mae 3.50% 2047 64,000,000 65,957,504
Fannie Mae 3.50% 2047 1,434,744 1,486,460
Fannie Mae 3.50% 2047 6,140,446 6,354,416
Fannie Mae 3.50% 2047 39,853,810 41,112,154
Fannie Mae 3.50% 2047 85,300,000 87,750,669
Fannie Mae 4.00% 2041 4,101,265 4,370,378
Fannie Mae 4.00% 2041 3,125,740 3,330,651
Fannie Mae 4.00% 2043 2,638,537 2,824,213
Fannie Mae 4.00% 2043 2,215,721 2,361,037
Fannie Mae 4.00% 2043 4,235,846 4,534,812
Fannie Mae 4.00% 2046 3,700,252 3,918,378
Fannie Mae 4.00% 2046 1,114,108 1,182,944
Fannie Mae 4.00% 2046 4,673,624 4,923,112
Fannie Mae 4.00% 2047 123,000,000 129,467,094
Fannie Mae 4.00% 2047 71,000,000 74,622,136
Fannie Mae 4.00% 2047 26,013,617 27,623,781
Fannie Mae 4.00% 2056 13,128,514 13,925,913
Fannie Mae 4.50% 2046 1,817,332 1,951,103
Fannie Mae 4.50% 2046 3,590,621 3,855,918
Fannie Mae 4.50% 2047 35,540,000 38,140,249
Fannie Mae 4.50% 2047 26,250,000 28,140,315
Fannie Mae 5.50% 2033 626,008 701,366
Fannie Mae 5.50% 2033 422,581 474,129
Fannie Mae 5.50% 2036 926,698 1,037,598
Fannie Mae 5.50% 2037 189,166 211,418
Fannie Mae 5.50% 2037 341,590 382,574
Fannie Mae 6.00% 2021 26,669 28,127
Fannie Mae 6.00% 2026 359,353 404,391
Fannie Mae 6.00% 2036 113,528 129,208
Fannie Mae 6.00% 2036 2,396,224 2,737,458
Fannie Mae 6.00% 2036 720,518 819,289
Fannie Mae 6.00% 2037 32,293 36,696
Fannie Mae 6.00% 2037 2,059,515 2,337,801
Fannie Mae 6.00% 2037 2,116,128 2,397,573
Fannie Mae 6.00% 2037 236,239 269,233
Fannie Mae 6.00% 2038 515,854 583,085
Fannie Mae 6.00% 2038 544,481 615,985
Fannie Mae 6.00% 2038 43,381 49,027
Fannie Mae 6.00% 2038 1,106,614 1,254,817
Fannie Mae 6.00% 2038 1,100,133 1,248,071
Fannie Mae 6.00% 2038 2,307,437 2,622,211
Fannie Mae 6.00% 2038 58,758 66,646
Fannie Mae 6.00% 2038 67,361 76,069
Fannie Mae 6.00% 2038 3,276,288 3,712,287
Fannie Mae 6.00% 2039 1,280 1,451
Fannie Mae 6.00% 2040 598,183 678,704
Fannie Mae 6.00% 2040 191,103 216,162
Fannie Mae 6.00% 2041 764,063 869,274
Fannie Mae 6.00% 2041 970,821 1,103,088
Fannie Mae 7.00% 2047 66,311 74,548
Fannie Mae 7.00% 2047 3,984 4,477
Fannie Mae, Series 2001-T10, Class A1, 7.00% 2041 208,740 245,471
Fannie Mae, Series 2002-W3, Class A-5, 7.50% 2041 50,723 59,723
Fannie Mae, Series 2006-43, Class JO, principal only, 0% 2036 125,320 111,099
Fannie Mae, Series 2012-M14, Class A2, multifamily 2.301% 2022 2,145,000 2,147,979
Fannie Mae, Series 2012-M5, Class A2, multifamily 2.715% 2022 4,000,000 4,079,468
Fannie Mae, Series 2012-M9, Class A2, multifamily 2.482% 2022 4,823,214 4,871,933
Fannie Mae, Series 2013-M14, Class A2, multifamily 3.329% 2023 7,530,000 7,876,132
Fannie Mae, Series 2014-M1, Class A2, multifamily 3.341% 2023 9,125,000 9,478,174
Fannie Mae, Series 2014-M2, Class A2, multifamily 3.513% 2023 6,450,000 6,817,960
Fannie Mae, Series 2014-M3, Class A2, multifamily 3.501% 2024 7,000,000 7,390,621
Fannie Mae, Series 2014-M9, Class A2, multifamily 3.103% 2024 6,215,000 6,402,985
Fannie Mae, Series 2017-M3, Class A2, multifamily 2.569% 2026 9,665,000 9,425,859
Fannie Mae, Series 2017-M7, Class A2, multifamily 2.961% 2027 2,891,000 2,921,353
Federal Home Loan Bank 0.875% 2018 17,140,000 17,081,038
First Data Corp. 5.00% 2024 2,400,000 2,500,920
First Data Corp. 5.375% 2023 2,850,000 2,988,225
First Quantum Minerals Ltd. 7.00% 2021 5,127,000 5,300,036
First Quantum Minerals Ltd. 7.25% 2022 7,925,000 8,192,469
First Quantum Minerals Ltd. 7.50% 2025 9,100,000 9,338,875
FirstEnergy Corp. 3.90% 2027 3,660,000 3,731,886
FirstEnergy Corp. 4.85% 2047 6,395,000 6,734,018
FirstEnergy Corp. 7.375% 2031 2,250,000 2,998,847
FirstEnergy Corp., Series B, 4.25% 2023 1,540,000 1,630,651
Ford Credit Auto Owner Trust, Series 2016-2, Class A, 2.03% 2027 2,900,000 2,879,387
Ford Credit Auto Owner Trust, Series 2017-1, Class A, 1.62% 2028 3,330,000 3,366,150
Ford Credit Auto Owner Trust, Series 2017-2, Class A, 2.36% 2029 6,590,000 6,587,035
Ford Credit Floorplan Master Owner Trust, Series 2015-1, Class A1, 1.42% 2020 5,740,000 5,739,305
Ford Credit Floorplan Master Owner Trust, Series 2016-3, Class A1, 1.55% 2021 3,500,000 3,482,521
Ford Motor Co. 5.291% 2046 7,750,000 8,112,274
Ford Motor Credit Co. 1.897% 2019 2,500,000 2,488,633
Ford Motor Credit Co. 2.597% 2019 3,000,000 3,026,565
Ford Motor Credit Co. 2.943% 2019 5,000,000 5,057,480
Ford Motor Credit Co. 3.157% 2020 1,000,000 1,020,702
Ford Motor Credit Co. 3.20% 2021 2,250,000 2,296,602
Ford Motor Credit Co. 3.219% 2022 6,000,000 6,083,148
Ford Motor Credit Co. 4.134% 2025 5,000,000 5,143,000
France Télécom 4.125% 2021 5,000,000 5,341,315
France Télécom 9.0% 2031 33,000 50,183
Freddie Mac 0.75% 2018 11,880,000 11,849,944
Freddie Mac 0.75% 2018 6,888,000 6,879,803
Freddie Mac 3.00% 2037 34,497,040 35,145,585
Freddie Mac 3.50% 2034 10,908,767 11,411,083
Freddie Mac 3.50% 2035 8,710,656 9,089,578
Freddie Mac 3.50% 2037 26,927,429 28,050,626
Freddie Mac 3.50% 2045 5,369,446 5,565,807
Freddie Mac 3.50% 2046 5,400,296 5,587,227
Freddie Mac 3.50% 2046 6,444,240 6,678,417
Freddie Mac 3.50% 2047 5,147,277 5,325,322
Freddie Mac 4.00% 2042 5,356,747 5,691,142
Freddie Mac 4.00% 2043 6,680,590 7,114,942
Freddie Mac 4.00% 2043 2,702,584 2,884,958
Freddie Mac 4.00% 2043 2,684,072 2,881,939
Freddie Mac 4.00% 2045 16,689,692 17,777,910
Freddie Mac 4.00% 2045 16,641,109 17,726,209
Freddie Mac 4.00% 2047 22,716,070 24,136,461
Freddie Mac 4.00% 2047 18,000,000 18,917,928
Freddie Mac 4.00% 2047 24,425,862 25,730,325
Freddie Mac 4.00% 2047 50,000,000 52,632,800
Freddie Mac 4.00% 2047 6,981,307 7,357,348
Freddie Mac 4.50% 2039 248,880 267,790
Freddie Mac 4.50% 2046 1,733,531 1,858,623
Freddie Mac 4.50% 2046 2,595,314 2,782,784
Freddie Mac 4.50% 2047 2,909,957 3,120,589
Freddie Mac 4.50% 2047 3,000,000 3,216,093
Freddie Mac 4.50% 2047 1,999,901 2,144,717
Freddie Mac 5.00% 2023 189,708 201,411
Freddie Mac 5.00% 2038 1,380,403 1,513,800
Freddie Mac 5.00% 2040 2,430,272 2,656,251
Freddie Mac 6.50% 2038 164,855 182,843
Freddie Mac Pool #760014 2.974% 2045 1,668,296 1,722,026
Freddie Mac Seasoned Credit Risk Transfer, Series 2017-1, Class HA, 2.00% 2056 6,573,394 6,632,167
Freddie Mac Seasoned Credit Risk Transfer, Series 2017-2, Class HA, 2.00% 2056 12,581,877 12,616,728
Freddie Mac Seasoned Credit Risk Transfer, Series 2017-2, Class MA, 3.00% 2056 11,482,007 11,656,189
Freddie Mac, Series 2015-DN1, Class M2, (1-month USD-LIBOR + 2.40%) 3.637% 2025 227,257 227,618
Freddie Mac, Series K019, Class A2, multifamily 2.272% 2022 4,000,000 4,009,424
Freddie Mac, Series K021, Class A2, multifamily 2.396% 2022 3,680,000 3,702,823
Freddie Mac, Series K025, Class A2, multifamily 2.682% 2022 4,000,000 4,071,404
Freddie Mac, Series K028, Class A2, multifamily 3.111% 2023 5,900,000 6,126,135
Freddie Mac, Series K030, Class A1, multifamily 2.779% 2022 4,753,783 4,841,647
Freddie Mac, Series K034, Class A1, multifamily 2.669% 2023 1,901,599 1,936,021
Freddie Mac, Series K034, Class A2, multifamily 3.531% 2023 10,000,000 10,600,340
Freddie Mac, Series K044, Class A2, multifamily 2.811% 2025 4,265,000 4,327,640
Freddie Mac, Series K047, Class A2, multifamily 3.329% 2025 4,000,000 4,191,976
Freddie Mac, Series K055, Class A2, multifamily 2.673% 2026 10,050,000 10,014,353
Freddie Mac, Series K057, Class A2, multifamily 2.57% 2026 9,510,000 9,386,056
Freddie Mac, Series K062, Class A2, multifamily, 3.413% 2026 7,175,000 7,521,072
Freddie Mac, Series K063, Class A2, multifamily 3.43% 2050 4,375,000 4,591,878
Freddie Mac, Series K064, Class A2, multifamily 3.224% 2027 5,265,000 5,438,919
Freddie Mac, Series K066, Class A2, multifamily 3.117% 2027 4,755,000 4,865,644
Freddie Mac, Series K067, Class A2, multifamily 3.194% 2027 17,070,000 17,561,104
Freddie Mac, Series K722, Class A2, multifamily 2.406% 2023 2,500,000 2,513,733
Freddie Mac, Series K723, Class A2, multifamily 2.454% 2023 4,285,000 4,299,916
Freddie Mac, Series K725, Class A2, multifamily 3.002% 2024 5,555,000 5,724,589
Freddie Mac, Series KS01, Class A1, multifamily 1.693% 2022 1,563,583 1,553,645
Freddie Mac, Series T-041, Class 3A, 5.686% 2032 315,893 342,516
Freeport-McMoRan Inc. 3.55% 2022 8,710,000 8,598,425
Frontier Communications Corp. 11.00% 2025 12,300,000 10,516,500
G.O. Bonds, Pension Funding Series 2003, 5.10% 2033 12,875,000 13,033,363
GENERAL ELECTRIC CP 10/2/2017 12,300,000 12,298,893
General Electric Co. 2.70% 2022 6,535,000 6,661,341
General Electric Co. 4.125% 2042 2,500,000 2,641,978
General Motors Co. 5.20% 2045 3,000,000 3,044,256
General Motors Co. 6.75% 2046 250,000 302,040
General Motors Financial Co. 2.35% 2019 3,500,000 3,512,982
General Motors Financial Co. 3.20% 2021 2,500,000 2,545,548
General Motors Financial Co. 3.45% 2022 5,875,000 5,975,915
General Motors Financial Co. 3.45% 2022 2,000,000 2,043,066
General Motors Financial Co. 3.70% 2020 6,355,000 6,582,668
General Motors Financial Co. 4.30% 2025 1,250,000 1,292,234
General Motors Financial Co. 4.35% 2027 1,000,000 1,029,102
Genesis Energy, LP 6.50% 2025 1,625,000 1,614,844
Genesis Energy, LP 6.75% 2022 3,750,000 3,853,125
Georgia Gulf Corp. 4.625% 2021 3,550,000 3,674,250
Georgia-Pacific Corp. 2.539% 2019 7,000,000 7,058,359
Global SC Finance II SRL, Series 2013-1A, Class A, 2.98% 2028 139,583 138,480
Global SC Finance II SRL, Series 2014-1A, Class A1, 3.19% 2029 304,083 302,180
Global SC Finance II SRL, Series 2017-1A, Class A, 4.15% 2037 1,927,973 1,955,743
Gogo Inc. 12.50% 2022 13,825,000 15,795,063
Goldman Sachs Group, Inc. 1.95% 2019 3,900,000 3,894,556
Goldman Sachs Group, Inc. 2.55% 2019 4,000,000 4,047,240
Goldman Sachs Group, Inc. 2.875% 2021 231,000 234,593
Goldman Sachs Group, Inc. 2.905% 2023 10,900,000 10,916,721
Goldman Sachs Group, Inc. 2.908% 2023 3,000,000 2,999,982
Goldman Sachs Group, Inc. 3.00% 2022 4,750,000 4,804,839
Goldman Sachs Group, Inc. 3.50% 2025 280,000 284,244
Goldman Sachs Group, Inc. 3.6391% 2028 7,250,000 7,319,354
Goldman Sachs Group, Inc. 3.75% 2026 2,280,000 2,337,306
Goldman Sachs Group, Inc. 5.25% 2021 200,000 219,826
Government National Mortgage Assn. 4.00% 2047 7,907,541 8,359,694
Government National Mortgage Assn. 4.00% 2047 4,890,529 5,159,307
Government National Mortgage Assn. 4.00% 2047 22,419,325 23,688,998
Government National Mortgage Assn. 4.00% 2047 32,081,000 33,781,550
Government National Mortgage Assn. 4.00% 2047 7,169,000 7,542,569
Government National Mortgage Assn. 4.50% 2045 7,448,706 7,955,121
Government National Mortgage Assn. 4.50% 2047 9,783,341 10,448,481
Great Plains Energy Inc. 4.20% 2047 2,100,000 2,189,515
H.I.G. Capital, L.L.C. 6.75% 2024 716,000 715,105
HCA Inc. 5.25% 2026 1,250,000 1,350,000
HSBC Holdings PLC 3.262% 2023 5,250,000 5,360,371
HSBC Holdings PLC 3.90% 2026 200,000 209,466
HSBC Holdings PLC 4.25% 2024 3,000,000 3,139,797
HSBC Holdings PLC 4.30% 2026 200,000 215,040
Halliburton Co. 3.80% 2025 6,915,000 7,130,022
Halliburton Co. 4.85% 2035 1,000,000 1,086,889
Halliburton Co. 5.00% 2045 1,000,000 1,100,437
Hanesbrands Inc. 4.625% 2024 235,000 245,869
Hanesbrands Inc. 4.875% 2026 725,000 756,719
Hardwoods Acquisition Inc 7.50% 2021 3,550,000 3,301,500
Harris Corp. 3.832% 2025 1,000,000 1,038,502
Healthsouth Corp. 5.75% 2024 6,850,000 7,047,794
Healthsouth Corp. 5.75% 2025 3,285,000 3,433,811
Hertz Global Holdings Inc. 7.625% 2022 5,650,000 5,840,688
High-Speed Passenger Train G.O. Ref. Bonds, Series 2017-B, 2.193% 2047 (put 2020) 2,500,000 2,510,575
Holcim Ltd. 5.15% 2023 7,395,000 8,208,798
Home Depot, Inc. 1.80% 2020 3,415,000 3,418,224
Home Depot, Inc. 3.90% 2047 2,250,000 2,296,996
Home Depot, Inc. 4.25% 2046 4,000,000 4,322,620
Hospitality Properties Trust 4.50% 2023 710,000 753,417
Hospitality Properties Trust 4.50% 2025 325,000 334,391
Hospitality Properties Trust 4.95% 2027 1,000,000 1,049,126
Hospitality Properties Trust 6.70% 2018 6,745,000 6,770,752
Host Hotels & Resorts LP 4.50% 2026 705,000 742,671
Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2013-2-A, AMT, 4.00% 2043 20,000 21,148
Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2014-F, 4.00% 2034 20,000 20,598
Housing Fin. Agcy., Homeownership Fin. Bonds (GNMA and FNMA Pass-Through Program), Series 2013-A, 2.35% 2043 32,002 31,249
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2013-A, AMT, 3.00% 2031 15,000 15,282
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2014-A, 4.00% 2038 250,000 266,325
Housing Fin. Agcy., Single-Family Housing Rev. Bonds, Series 167, 4.00% 2043 10,000 10,631
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-A-1, 4.00% 2044 65,000 69,180
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-C-1, 4.00% 2044 100,000 106,728
Housing Fin. Auth., Mortgage Rev. Ref. Bonds, AMT, 4.0% 2041 60,000 63,907
Huntsman International LLC 4.875% 2020 4,935,000 5,249,606
Hyundai Capital America 3.25% 2022 3,244,000 3,241,178
Icahn Enterprises Finance Corp. 6.25% 2022 1,600,000 1,672,000
Imperial Tobacco Finance PLC 3.50% 2023 4,000,000 4,108,428
Inmarsat PLC 4.875% 2022 6,725,000 6,893,125
Inmarsat PLC 6.50% 2024 4,400,000 4,752,000
Intercontinentalexchange, Inc. 2.50% 2018 4,000,000 4,032,926
International Paper Co. 7.30% 2039 2,005,000 2,774,351
Intesa Sanpaolo SpA 5.017% 2024 2,730,000 2,778,419
Investment Fin. Auth., Single-family Housing Rev. Bonds, Series 2013-A, 3.00% 2043 15,000 15,417
Investment Fin. Auth., Single-family Housing Rev. Bonds, Series 2013-C, 4.50% 2043 10,000 10,206
J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2007-C1, Class A4, 5.716% 2051 212,128 211,942
JOHN DEERE CAPITAL CORP 4(2) CP 10/11/2017 7,800,000 7,797,083
JOHNSON & JOHNSON 4(2) CP 10/11/2017 85,000,000 84,969,060
JPMorgan Chase & Co. 2.55% 2020 2,750,000 2,781,793
JPMorgan Chase & Co. 2.55% 2021 497,000 502,100
JPMorgan Chase & Co. 2.70% 2023 125,000 125,087
JPMorgan Chase & Co. 3.25% 2022 180,000 185,954
JPMorgan Chase & Co. 3.54% 2028 6,500,000 6,564,331
JPMorgan Chase & Co., Series Z, junior subordinated 5.30% (undated) 3,200,000 3,344,000
Johnson & Johnson 2.45% 2026 1,285,000 1,262,717
Johnson & Johnson 3.625% 2037 1,000,000 1,045,363
Johnson & Johnson 3.75% 2047 750,000 785,619
Johnson & Johnson, 2.25% 2022 3,750,000 3,790,369
Jonah Energy LLC 7.25% 2025 1,475,000 1,487,906
Jupiter Resources Inc. 8.50% 2022 2,300,000 1,661,750
KfW 2.125% 2022 375,000 376,058
Kimco Realty Corp. 2.70% 2024 1,220,000 1,180,899
Kimco Realty Corp. 2.80% 2026 2,760,000 2,594,124
Kimco Realty Corp. 3.125% 2023 2,820,000 2,824,822
Kimco Realty Corp. 3.80% 2027 1,295,000 1,309,908
Kimco Realty Corp. 6.875% 2019 2,375,000 2,587,681
Kinder Morgan Energy Partners, LP 3.50% 2021 40,000 41,013
Kinder Morgan Energy Partners, LP 5.40% 2044 1,380,000 1,439,039
Kinder Morgan Energy Partners, LP 5.50% 2044 3,578,000 3,775,470
Kinder Morgan Finance Co. 5.05% 2046 1,500,000 1,546,692
Kinder Morgan, Inc. 3.05% 2019 2,520,000 2,566,534
Kinder Morgan, Inc. 4.30% 2025 1,625,000 1,704,344
Kinder Morgan, Inc. 5.55% 2045 1,000,000 1,081,922
Kinetic Concepts, Inc. 12.50% 2021 2,855,000 3,190,463
Kronos Inc., Term Loan B, (3-month USD-LIBOR + 8.25%) 9.561% 2024 3,000,000 3,102,750
LB-UBS Commercial Mortgage Trust, Series 2007-C6, Class AM, 6.114% 2040 1,688,938 1,688,494
LB-UBS Commercial Mortgage Trust, Series 2007-C7, Class AM, 6.303% 2045 2,020,078 2,023,205
LSC Communications, Inc. 8.75% 2023 2,100,000 2,170,875
Landwirtschaftliche Rentenbank 1.75% 2019 130,000 130,324
Ligado Networks, Term Loan, (3-month USD-LIBOR + 8.75%) 10.067% 2020 19,652,697 18,489,906
Limited Brands, Inc. 6.875% 2035 2,110,000 2,067,800
Lloyds Banking Group PLC 3.00% 2022 4,000,000 4,036,052
Lloyds Banking Group PLC 4.582% 2025 1,500,000 1,580,424
Lockheed Martin Corp. 2.50% 2020 6,015,000 6,108,118
Lockheed Martin Corp. 3.10% 2023 545,000 561,822
Lockheed Martin Corp. 3.55% 2026 8,490,000 8,799,724
Lowe's Companies, Inc. 2.50% 2026 2,720,000 2,615,402
Lowe's Companies, Inc. 3.10% 2027 9,000,000 8,956,260
MASTR Alternative Loan Trust, Series 2004-2, Class 2A1, 6.00% 2034 1,026,001 1,094,783
MERCK & CO INC 4(2) CP 10/30/2017 25,000,000 24,976,200
MPLX LP 4.125% 2027 4,155,000 4,236,837
MPLX LP 5.20% 2047 2,525,000 2,652,232
Madison Park Funding Ltd., CLO, Series 2014-13A, Class AR, (3-month USD-LIBOR + 1.11%) 2.416% 2025 6,800,000 6,835,972
Mallinckrodt PLC 4.875% 2020 5,360,000 5,360,000
Manitoba (Province of) 3.05% 2024 2,600,000 2,678,078
Marathon Oil Corp. 4.40% 2027 7,760,000 7,936,835
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 4.50%) 5.5% 2024 1,850,000 1,860,869
McDonald's Corp. 2.625% 2022 1,105,000 1,113,774
McDonald's Corp. 2.75% 2020 1,750,000 1,784,034
McDonald's Corp. 3.50% 2027 2,000,000 2,058,962
Medtronic, Inc. 3.35% 2027 1,500,000 1,542,999
Medtronic, Inc. 3.50% 2025 3,000,000 3,130,710
Medtronic, Inc. 4.375% 2035 4,537,000 5,001,348
Medtronic, Inc. 4.625% 2045 3,260,000 3,717,358
Meritage Homes Corp. 5.125% 2027 2,675,000 2,688,375
MetLife, Inc. 1.55% 2019 3,500,000 3,470,243
MetLife, Inc. 1.95% 2021 2,500,000 2,460,755
MetLife, Inc. 2.50% 2020 8,000,000 8,071,080
MetroPCS Wireless, Inc. 6.625% 2023 3,850,000 4,061,827
Microsoft Corp. 4.10% 2037 1,000,000 1,093,528
Microsoft Corp. 4.20% 2035 6,000,000 6,677,448
MidAmerican Energy Co. 3.10% 2027 2,000,000 2,007,856
MidAmerican Energy Holdings Co. 2.40% 2019 1,500,000 1,515,302
Molina Healthcare, Inc. 4.875% 2025 4,725,000 4,677,750
Molina Healthcare, Inc. 5.375% 2022 8,985,000 9,304,866
Molson Coors Brewing Co. 1.45% 2019 425,000 420,515
Molson Coors Brewing Co. 1.90% 2019 2,015,000 2,012,667
Molson Coors Brewing Co. 2.10% 2021 165,000 162,800
Molson Coors Brewing Co. 2.25% 2020 1,725,000 1,724,669
Molson Coors Brewing Co. 3.00% 2026 460,000 448,042
Molson Coors Brewing Co. 4.20% 2046 2,250,000 2,249,411
Morgan Stanley (3-month USD-LIBOR + 1.22%) 2.532% 2024 3,000,000 3,039,936
Morgan Stanley 2.50% 2021 3,000,000 3,010,554
Morgan Stanley 3.625% 2027 4,025,000 4,085,810
Morgan Stanley 3.875% 2026 2,650,000 2,753,085
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class ASB, 3.04% 2048 1,180,000 1,205,890
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C27, Class ASB, 3.557% 2047 1,000,000 1,044,649
Morgan Stanley Capital I Trust, Series 2014-CPT, Class A, 3.35% 2021 2,650,000 2,737,816
Mortgage Repurchase Agreement Financing Trust, Series 2017-1, Class A1, (1-month USD-LIBOR + 0.85%) 2.085% 2019 2,070,000 2,070,635
NBC Universal Enterprise, Inc. 1.974% 2019 100,000 100,346
NGL Energy Partners LP 6.125% 2025 6,935,000 6,484,225
NGL Energy Partners LP 6.875% 2021 5,505,000 5,532,525
NGL Energy Partners LP 7.50% 2023 135,000 135,000
NGPL PipeCo LLC 4.375% 2022 385,000 400,400
NGPL PipeCo LLC 4.875% 2027 635,000 666,972
NIKE, Inc. 2.375% 2026 4,000,000 3,797,928
NIKE, Inc. 3.375% 2046 750,000 699,348
NRG Energy, Inc. 6.25% 2022 4,790,000 5,053,450
NRG Energy, Inc. 6.625% 2027 1,275,000 1,341,938
National Australia Bank 1.25% 2018 3,000,000 2,993,748
National Australia Bank Ltd. 1.375% 2019 975,000 968,022
National Australia Bank Ltd. 1.875% 2021 975,000 956,958
National Rural Utilities Cooperative Finance Corp. 3.05% 2027 6,000,000 6,006,012
National Rural Utilities Cooperative Finance Corp. 3.25% 2025 5,230,000 5,336,169
Nationstar HECM Loan Trust, Series 2016-2A, Class A, 2.2394% 2026 309,381 312,229
Nationstar HECM Loan Trust, Series 2017-1A, Class A, 1.9679 % 2027 431,314 431,405
Nationstar HECM Loan Trust, Series 2017-1A, Class M1, 2.9419% 2027 420,000 421,348
Navient Corp. 4.875% 2019 7,800,000 8,092,500
Navient Corp. 5.5% 2023 3,640,000 3,699,150
Navient Corp. 6.50% 2022 675,000 716,762
Navios Maritime Acquisition Corp. and Navios Acquisition Finance (US) Inc. 8.125% 2021 5,225,000 4,349,813
New York Life Global Funding 1.50% 2019 1,525,000 1,512,847
New York Life Global Funding 1.70% 2021 1,500,000 1,468,556
New York Life Global Funding 2.35% 2026 1,190,000 1,137,199
Newell Rubbermaid Inc. 2.60% 2019 188,000 189,556
Newell Rubbermaid Inc. 3.15% 2021 2,050,000 2,098,474
Newell Rubbermaid Inc. 3.85% 2023 3,135,000 3,299,211
Newell Rubbermaid Inc. 4.20% 2026 3,085,000 3,250,810
Noble Corp. PLC 7.70% 2025 3,175,000 2,730,500
Noble Corp. PLC 8.70% 2045 3,525,000 2,943,375
Noble Energy, Inc. 3.85% 2028 6,485,000 6,508,618
Nordea Bank AB 2.50% 2020 4,450,000 4,492,119
Northern States Power Co. 4.125% 2044 6,000,000 6,367,380
Novelis Corp. 5.875% 2026 2,600,000 2,645,500
Oracle Corp. 2.65% 2026 2,000,000 1,962,176
Orange SA 1.625% 2019 2,250,000 2,235,467
Orange SA 5.50% 2044 3,000,000 3,620,346
PFIZER INC 4(2) CP 11/16/2017 50,000,000 49,925,550
PFIZER INC 4(2) CP 12/18/2017 50,000,000 49,870,550
PNC Bank 1.45% 2019 3,340,000 3,318,530
PNC Bank 2.30% 2020 250,000 251,982
PNC Bank 2.55% 2021 8,000,000 8,068,984
PNC Financial Services Group, Inc. 2.854% 2022 1,445,000 1,464,133
PNC Financial Services Group, Inc. 3.90% 2024 2,000,000 2,107,416
PROCTER & GAMBLE 4(2) CP 10/16/2017 20,000,000 19,989,640
PROCTER & GAMBLE 4(2) CP 10/19/2017 15,000,000 14,990,850
PROCTER & GAMBLE 4(2) CP 11/2/2017 50,000,000 49,947,700
PacifiCorp., First Mortgage Bonds, 3.60% 2024 6,695,000 7,012,209
PacifiCorp., First Mortgage Bonds, 5.65% 2018 1,250,000 1,291,041
Pacific Gas and Electric Co. 3.25% 2023 1,220,000 1,262,672
Pacific Gas and Electric Co. 3.30% 2027 1,545,000 1,573,071
Pacific Gas and Electric Co. 3.40% 2024 1,310,000 1,357,110
Pacific Gas and Electric Co. 3.85% 2023 6,929,000 7,354,316
Pacific Gas and Electric Co. 4.25% 2046 120,000 129,381
Pacific Gas and Electric Co. 4.30% 2045 1,270,000 1,386,662
Peabody Energy Corp. 6.00% 2022 1,000,000 1,036,250
Peabody Energy Corp. 6.375% 2025 600,000 618,750
PepsiCo, Inc. 1.35% 2019 1,290,000 1,286,382
Petróleos Mexicanos 3.50% 2023 7,000,000 6,912,500
Petróleos Mexicanos 5.625% 2046 3,370,000 3,146,738
Petróleos Mexicanos 6.50% 2027 5,630,000 6,257,745
Petróleos Mexicanos 6.50% 2027 1,895,000 2,095,029
Petróleos Mexicanos 6.75% 2047 4,115,000 4,388,236
Petróleos Mexicanos 6.75% 2047 1,125,000 1,193,456
Petsmart, Inc. 5.875% 2025 5,075,000 4,453,313
Petsmart, Inc. 8.875% 2025 5,625,000 4,478,906
Philip Morris International Inc. 1.875% 2021 2,000,000 1,979,294
Philip Morris International Inc. 2.00% 2020 2,000,000 2,002,776
Philip Morris International Inc. 2.375% 2022 1,960,000 1,952,342
Philip Morris International Inc. 2.625% 2022 2,395,000 2,416,050
Philip Morris International Inc. 3.25% 2024 5,000,000 5,099,660
Philip Morris International Inc. 4.25% 2044 2,050,000 2,142,773
Phillips 66 Partners LP 3.55% 2026 335,000 328,226
Phillips 66 Partners LP 4.90% 2046 5,975,000 5,999,754
Pioneer Natural Resources Co. 3.45% 2021 3,345,000 3,422,059
Ply Gem Industries, Inc. 6.50% 2022 3,550,000 3,728,565
Private Export Funding Corp. 3.55% 2024 195,000 209,935
Procter & Gamble Co. 1.70% 2021 825,000 816,149
Prudential Financial, Inc. 3.50% 2024 4,000,000 4,166,452
Public Service Co. of Colorado 2.25% 2022 2,000,000 1,989,866
Public Service Enterprise Group Inc. 2.00% 2021 2,130,000 2,086,831
Public Service Enterprise Group Inc. 2.25% 2026 385,000 363,686
Public Storage 2.37% 2022 1,115,000 1,111,990
Public Storage 3.094% 2027 2,705,000 2,698,749
Puget Energy, Inc. 3.65% 2025 3,135,000 3,194,252
Puget Energy, Inc. 5.625% 2022 1,965,000 2,194,229
Puget Energy, Inc. 6.00% 2021 1,823,000 2,042,887
Puget Energy, Inc. 6.50% 2020 1,245,000 1,391,650
QBE Insurance Group Ltd. 2.40% 2018 5,000,000 5,015,415
QGOG Constellation SA 9.50% 2024 850,000 654,500
QUALCOMM INC 4(2) CP 12/6/2017 50,000,000 49,887,050
Qorvo, Inc. 7.00% 2025 2,775,000 3,177,375
Quebec (Province of) 2.375% 2022 6,232,000 6,270,264
Quebec (Province of) 2.75% 2027 9,000,000 8,945,820
Quintiles Transnational Corp. 4.875% 2023 2,475,000 2,586,375
R.R. Donnelley & Sons Co. 6.50% 2023 3,310,000 3,227,250
R.R. Donnelley & Sons Co. 7.875% 2021 4,625,000 4,902,500
RAMP Trust, Series 2003-RS11, Class AI7, 4.828% 2033 63,191 64,171
Rabobank Nederland 2.75% 2022 2,825,000 2,866,225
Rabobank Nederland 4.375% 2025 5,500,000 5,783,063
Rayonier Advanced Materials Inc. 5.50% 2024 3,304,000 3,217,270
Reckitt Benckiser Group PLC 2.375% 2022 5,775,000 5,762,757
Reckitt Benckiser Group PLC 2.75% 06-26-24 3,375,000 3,352,307
Reynolds American Inc. 3.25% 2020 1,035,000 1,064,096
Reynolds American Inc. 4.00% 2022 1,035,000 1,094,241
Reynolds American Inc. 4.45% 2025 2,455,000 2,637,956
Reynolds American Inc. 5.70% 2035 755,000 887,573
Reynolds American Inc. 5.85% 2045 2,030,000 2,491,145
Reynolds Group Inc. 5.75% 2020 3,745,000 3,815,406
Roche Holdings, Inc. 1.75% 2022 2,340,000 2,291,471
Roche Holdings, Inc. 2.875% 2021 8,625,000 8,839,047
Roche Holdings, Inc. 3.00% 2025 6,000,000 6,054,264
Roche Holdings, Inc. 3.35% 2024 1,200,000 1,244,624
Rockwell Collins, Inc. 1.95% 2019 1,125,000 1,125,366
Rockwell Collins, Inc. 2.80% 2022 3,025,000 3,059,660
Rockwell Collins, Inc. 3.20% 2024 2,275,000 2,317,998
Roper Technologies, Inc. 2.80% 2021 2,065,000 2,083,862
Roper Technologies, Inc. 3.80% 2026 835,000 860,794
Rotech Healthcare Inc., Term Loan A, (3-month USD-LIBOR + 4.25%) 0% 2018 2,976,000 2,961,120
Rotech Healthcare Inc., Term Loan B, (3-month USD-LIBOR + 8.75%) 0% 2019 2,400,000 2,388,000
Rotech Healthcare Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 0% 2020 6,915,739 6,508,263
Royal Bank of Canada 1.875% 2020 7,000,000 6,986,105
Royal Dutch Shell PLC 1.375% 2019 130,000 129,192
Royal Dutch Shell PLC 1.75% 2021 1,855,000 1,830,727
Royal Dutch Shell PLC 3.75% 2046 4,500,000 4,428,693
Ryerson Inc. 11.00% 2022 6,190,000 6,948,275
SM Energy Co. 5.625% 2025 3,825,000 3,652,875
SM Energy Co. 6.50% 2021 2,325,000 2,359,875
Sabine Pass Liquefaction, LLC 4.20% 2028 12,540,000 12,661,149
Sabine Pass Liquefaction, LLC 5.875% 2026 3,000,000 3,360,540
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 1,850,000 1,905,500
Santander Drive Auto Receivables Trust, Series 2015-2, Class B, 1.83% 2020 803,680 804,017
Santander Drive Auto Receivables Trust, Series 2015-3, Class C, 2.74% 2021 5,000,000 5,037,010
Santander Drive Auto Receivables Trust, Series 2015-4, Class C, 2.97% 2021 300,000 303,473
Santander Drive Auto Receivables Trust, Series 2016-1, Class A3, 1.62% 2020 505,784 505,908
Santander Drive Auto Receivables Trust, Series 2016-1, Class B, 2.47% 2020 100,000 100,461
Santander Drive Auto Receivables Trust, Series 2017-1, Class A2, 1.49% 2020 486,316 486,102
Santander Drive Auto Receivables Trust, Series 2017-1, Class A3, 1.77% 2020 1,255,000 1,254,672
Santander Drive Auto Receivables Trust, Series 2017-1, Class B, 2.10% 2021 740,000 740,213
Santander Drive Auto Receivables Trust, Series 2017-1, Class C, 2.58% 2022 740,000 742,129
Saudi Arabia (Kingdom of) 2.875% 2023 1,320,000 1,312,855
Saudi Arabia (Kingdom of) 3.625% 2028 2,060,000 2,038,708
Saudi Arabia (Kingdom of) 4.625% 2047 1,330,000 1,342,789
Scentre Group 3.25% 2025 2,000,000 1,979,272
Scentre Group 3.75% 2027 2,930,000 2,974,114
Scentre Group, 3.50% 2025 4,075,000 4,101,679
Schlumberger BV 3.625% 2022 2,800,000 2,915,553
Schlumberger BV 4.00% 2025 120,000 125,938
Scientific Games Corp. 7.00% 2022 1,975,000 2,100,906
Seven Generations Energy Ltd. 6.75% 2023 2,000,000 2,117,500
Shell International Finance BV 2.25% 2020 1,965,000 1,981,341
Sherwin-Williams Co. 2.25% 2020 4,750,000 4,770,995
Sherwin-Williams Co. 2.75% 2022 1,185,000 1,194,029
Sherwin-Williams Co. 3.125% 2024 550,000 553,352
Sherwin-Williams Co. 3.45% 2027 1,395,000 1,403,702
Shire PLC 1.90% 2019 2,130,000 2,126,556
Shire PLC 2.40% 2021 6,465,000 6,446,827
Shire PLC 2.875% 2023 1,635,000 1,628,547
Siemens AG 2.00% 2023 1,000,000 967,972
Siemens AG 2.70% 2022 3,360,000 3,405,246
Siemens AG 4.40% 2045 1,000,000 1,090,383
Sierra Pacific Power Co., General and Refunding Mortgage Notes, Series T, 3.375% 2023 3,500,000 3,638,341
Sirius XM Radio Inc 3.875% 2022 2,175,000 2,235,248
Skandinaviska Enskilda Banken AB 2.625% 2021 250,000 252,352
Skandinaviska Enskilda Banken AB 2.80% 2022 4,750,000 4,827,002
SoftBank Group Corp. 4.50% 2020 11,040,000 11,417,237
Solera Holdings, Inc. 10.50% 2024 1,125,000 1,286,381
Sotheby's Holdings, Inc. 5.25% 2022 2,435,000 2,508,050
Sound Point CLO Ltd, Series 2013-2A, Class A1R, CLO, (3-month USD LIBOR + 0.99%) 2.294% 2025 3,456,234 3,456,441
South Carolina Electric & Gas Co. 4.10% 2046 700,000 707,148
Southwestern Energy Co. 4.10% 2022 9,410,000 9,127,700
Southwestern Energy Co. 7.50% 2026 1,155,000 1,201,200
Southwestern Energy Co. 7.75% 2027 1,740,000 1,807,425
Spain (Kingdom of) 4.00% 2018 15,000,000 15,127,740
Spectra Energy Partners, LP 3.375% 2026 615,000 609,193
Spectra Energy Partners, LP 4.50% 2045 1,150,000 1,162,297
Starbucks Corp. 2.70% 2022 1,500,000 1,526,966
Starwood Property Trust, Inc. 5.00% 2021 2,550,000 2,667,938
Station Place Securitization Trust, Series 2017-1, Class A, (1-month USD-LIBOR + 0.90%) 2.137% 2049 648,333 648,421
Statoil ASA 2.75% 2021 1,925,000 1,963,046
Statoil ASA 3.25% 2024 2,850,000 2,930,430
Statoil ASA 4.25% 2041 2,000,000 2,092,080
Sunoco LP 6.25% 2021 5,015,000 5,267,505
Symphony CLO Ltd, Series 2013-12A, Class AR, CLO, (3-month USD-LIBOR + 1.03%) 2.334% 2025 8,775,000 8,780,353
T-Mobile US, Inc. 6.50% 2026 275,000 304,219
TAL Advantage V LLC, Series 2013-2A, Class A, 3.55% 2038 1,615,667 1,614,860
TAL Advantage V LLC, Series 2014-1A, Class A, 3.51% 2039 1,475,833 1,476,765
TI Automotive Ltd. 8.75% 2023 2,370,000 2,524,050
Talen Energy Corp. 4.625% 2019 2,532,000 2,506,680
Tampa Electric Co. 4.35% 2044 3,805,000 3,985,951
Targa Resources Partners LP 4.125% 2019 7,330,000 7,412,463
Targa Resources Partners LP 6.75% 2024 2,965,000 3,231,850
Teekay Corp. 8.50% 2020 15,455,000 15,764,100
Tenet Healthcare Corp. 4.375% 2021 2,800,000 2,852,500
Tenet Healthcare Corp. 4.50% 2021 2,525,000 2,587,368
Tenet Healthcare Corp. 4.625% 2024 3,153,000 3,125,411
Tenet Healthcare Corp. 4.75% 2020 3,290,000 3,405,150
Tenet Healthcare Corp., 6.00% 2020 7,955,000 8,497,611
Tesoro Logistics LP 5.25% 2025 1,775,000 1,908,125
Tesoro Logistics LP 5.50% 2019 3,410,000 3,606,075
Teva Pharmaceutical Finance Company BV 1.40% 2018 735,000 732,381
Teva Pharmaceutical Finance Company BV 1.70% 2019 725,000 714,756
Teva Pharmaceutical Finance Company BV 2.20% 2021 530,000 510,162
Teva Pharmaceutical Finance Company BV 2.80% 2023 2,530,000 2,421,756
Teva Pharmaceutical Finance Company BV 3.15% 2026 9,595,000 8,859,121
Teva Pharmaceutical Finance Company BV 4.10% 2046 8,310,000 7,023,537
Thermo Fisher Scientific Inc. 2.40% 2019 4,025,000 4,053,465
Thermo Fisher Scientific Inc. 4.15% 2024 2,000,000 2,136,932
Time Warner Inc. 3.80% 2027 605,000 606,256
Towd Point Mortgage Trust, Series 2016-4, Class A1, 2.25% 2056 1,342,464 1,337,054
Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75% 2056 5,658,173 5,701,407
Towd Point Mortgage Trust, Series 2017-4, Class A1, 0% 2057 3,376,085 3,399,492
TransCanada Corp. 6.50% 2018 475,000 494,374
TransCanada PipeLines Ltd. 7.625% 2039 5,000,000 7,347,690
Transocean Inc. 9.00% 2023 2,500,000 2,706,250
Travelers Companies, Inc. 4.00% 2047 4,465,000 4,634,652
Tri-State Generation and Transmission Assn. Inc., Pass Through Trust, Series 2003-A, 6.04% 2018 57,975 58,279
Trilogy International Partners, LLC 8.875% 2022 7,250,000 7,576,250
Triton Container Finance LLC, Series 2017-1A, Class A, 3.52% 2042 2,382,966 2,375,676
Triton Container Finance LLC, Series 2017-2A, Class A, 3.56% 2042 2,029,434 2,029,541
U S TREASURY BILL 1/11/2018 19,600,000 19,544,924
U S TREASURY BILL 10/19/2017 45,000,000 44,980,650
U S TREASURY BILL 12/28/2017 50,000,000 49,875,500
U S TREASURY BILL 2/8/2018 45,900,000 45,722,367
U.S. Treasury 0.625% 2018 25,930,000 25,841,838
U.S. Treasury 0.75% 2018 59,002,000 58,868,065
U.S. Treasury 0.875% 2019 40,000,000 39,535,200
U.S. Treasury 1.125% 2019 45,000,000 44,822,250
U.S. Treasury 1.125% 2021 10,000,000 9,757,400
U.S. Treasury 1.125% 2021 42,000,000 40,938,660
U.S. Treasury 1.25% 2019 5,000,000 4,985,800
U.S. Treasury 1.25% 2019 7,500,000 7,480,350
U.S. Treasury 1.25% 2020 93,000,000 92,344,350
U.S. Treasury 1.25% 2020 318,117,000 315,988,797
U.S. Treasury 1.375% 2019 20,000,000 19,938,000
U.S. Treasury 1.375% 2020 21,500,000 21,396,800
U.S. Treasury 1.375% 2020 55,000,000 54,773,400
U.S. Treasury 1.375% 2021 49,410,000 48,877,360
U.S. Treasury 1.375% 2021 13,500,000 13,329,630
U.S. Treasury 1.375% 2021 23,500,000 23,181,575
U.S. Treasury 1.375% 2023 5,000,000 4,811,500
U.S. Treasury 1.375% 2023 8,000,000 7,691,840
U.S. Treasury 1.50% 2019 400,000,000 400,468,000
U.S. Treasury 1.50% 2019 59,825,000 59,807,651
U.S. Treasury 1.50% 2020 500,000 498,825
U.S. Treasury 1.50% 2026 15,500,000 14,502,110
U.S. Treasury 1.625% 2020 125,000,000 125,055,000
U.S. Treasury 1.625% 2020 10,000,000 10,015,000
U.S. Treasury 1.625% 2023 5,000,000 4,892,750
U.S. Treasury 1.625% 2026 7,000,000 6,649,650
U.S. Treasury 1.625% 2026 1,500,000 1,421,730
U.S. Treasury 1.75% 2019 21,800,000 21,909,872
U.S. Treasury 1.75% 2021 9,500,000 9,468,080
U.S. Treasury 1.75% 2022 46,750,000 46,410,128
U.S. Treasury 1.875% 2022 100,000,000 100,035,000
U.S. Treasury 1.875% 2022 20,500,000 20,455,925
U.S. Treasury 2.00% 2024 12,000,000 11,907,240
U.S. Treasury 2.00% 2024 7,500,000 7,433,175
U.S. Treasury 2.00% 2025 44,800,000 44,001,216
U.S. Treasury 2.00% 2026 8,000,000 7,789,920
U.S. Treasury 2.125% 2023 15,250,000 15,297,580
U.S. Treasury 2.125% 2024 15,500,000 15,477,525
U.S. Treasury 2.125% 2024 52,500,000 52,543,050
U.S. Treasury 2.125% 2024 10,000,000 10,002,300
U.S. Treasury 2.25% 2021 9,730,000 9,898,718
U.S. Treasury 2.25% 2023 5,000,000 5,047,450
U.S. Treasury 2.25% 2024 5,000,000 5,044,350
U.S. Treasury 2.25% 2027 111,075,000 110,320,801
U.S. Treasury 2.25% 2027 7,500,000 7,443,750
U.S. Treasury 2.375% 2024 70,000,000 70,987,000
U.S. Treasury 2.375% 2027 880,000 882,966
U.S. Treasury 2.50% 2024 700,000 716,051
U.S. Treasury 2.50% 2046 5,000,000 4,647,200
U.S. Treasury 2.75% 2047 26,000,000 25,417,080
U.S. Treasury 2.875% 2046 147,158,000 147,559,741
U.S. Treasury 3.00% 2047 95,000,000 97,632,450
U.S. Treasury 3.00% 2047 26,000,000 26,730,600
U.S. Treasury 3.50% 2018 20,000,000 20,175,000
U.S. Treasury 4.75% 2041 15,000,000 20,142,150
U.S. Treasury Inflation-Protected Security 0.125% 2021 38,631,208 38,738,770
U.S. Treasury Inflation-Protected Security 0.125% 2024 670,157 663,413
U.S. Treasury Inflation-Protected Security 0.125% 2026 20,426,200 19,857,100
U.S. Treasury Inflation-Protected Security 0.25% 2025 1,648,576 1,631,746
U.S. Treasury Inflation-Protected Security 0.375% 2025 15,846,266 15,843,487
U.S. Treasury Inflation-Protected Security 0.375% 2027 30,403,800 30,020,310
U.S. Treasury Inflation-Protected Security 0.625% 2024 214,236,148 218,773,250
U.S. Treasury Inflation-Protected Security 0.625% 2026 22,949,710 23,250,088
U.S. Treasury Inflation-Protected Security 0.75% 2042 18,623,448 17,994,656
U.S. Treasury Inflation-Protected Security 1.00% 2046 5,165,950 5,239,490
U.S. Treasury Inflation-Protected Security 1.375% 2044 134,742,520 148,645,980
U.S. Treasury Inflation-Protected Security 2.375% 2025 194,813 222,497
UBS Group AG 4.125% 2025 2,750,000 2,894,645
UDR, Inc. 2.95% 2026 1,510,000 1,451,797
UNICREDIT SPA 3,050,000 3,204,229
US Bancorp 2.375% 2026 6,500,000 6,182,163
US Bancorp 3.15% 2027 10,500,000 10,569,962
US Bancorp. 2.625% 2022 1,805,000 1,830,761
US Bancorp. 3.70% 2024 7,000,000 7,396,186
USAA CAPITAL CORP CP 10/5/2017 23,147,000 23,142,579
Ultra Petroleum Corp. 6.875% 2022 3,310,000 3,380,338
Ultra Petroleum Corp. 7.125% 2025 1,775,000 1,794,969
UniCredit SPA 3.75% 2022 8,350,000 8,565,764
UniCredit SPA 4.625% 2027 3,125,000 3,286,578
Unisys Corp. 10.75% 2022 3,125,000 3,476,563
United Mexican States 4.125% 2026 7,800,000 8,227,050
United Mexican States 4.15% 2027 5,662,000 5,958,123
United Mexican States 5.55% 2045 5,500,000 6,342,875
United Technologies Corp. 3.125% 2027 7,000,000 6,978,279
VPI Escrow Corp. 6.375% 2020 13,415,000 13,461,148
VRX Escrow Corp. 6.125% 2025 13,500,000 11,896,875
Venator Materials Corp. 5.75% 2025 1,060,000 1,105,050
Verizon Communications Inc. 2.946% 2022 2,940,000 2,992,214
Verizon Communications Inc. 4.125% 2046 4,228,000 3,856,807
Verizon Communications Inc. 4.50% 2033 9,000,000 9,253,935
Verizon Owner Trust, Series 2016-2A, Class A, 1.68% 2021 5,925,000 5,907,515
Verizon Owner Trust, Series 2017-1A, Class A, 2.06% 2021 8,215,000 8,240,089
Verizon Owner Trust, Series 2017-2A, Class A, 1.92% 2021 7,900,000 7,896,500
Virgin Australia Holdings Ltd. 8.50% 2019 2,500,000 2,640,625
Virginia Electric and Power Co. 3.50% 2027 6,000,000 6,231,762
Visa Inc. 2.75% 2027 1,620,000 1,592,501
Visa Inc. 2.80% 2022 2,000,000 2,047,950
Visa Inc. 3.15% 2025 10,000,000 10,248,550
Volkswagen Auto Loan Enhanced Trust, Series 2014-2, Class A3 0.95% 2019 940,289 939,546
WAL-MART STORES 4(2) CP 10/16/2017 28,200,000 28,185,392
WAL-MART STORES 4(2) CP 10/3/2017 115,600,000 115,586,128
WEA Finance LLC 2.70% 2019 200,000 201,833
WEA Finance LLC 3.25% 2020 4,105,000 4,193,918
Wachovia Bank Commercial Mortgage Trust, Series 2007-C33, Class AM, 6.221% 2051 1,841,825 1,840,265
Walgreens Boots Alliance, Inc. 3.30% 2021 7,000,000 7,234,325
Weatherford International PLC 4.50% 2022 1,370,000 1,280,950
Weatherford International PLC 6.50% 2036 7,595,000 6,550,688
Weatherford International PLC 6.75% 2040 7,825,000 6,905,563
Weatherford International PLC 8.25% 2023 5,500,000 5,678,750
Wells Fargo & Co. 2.15% 2019 6,000,000 6,032,778
Wells Fargo & Co. 2.50% 2021 7,500,000 7,553,475
Wells Fargo & Co. 2.55% 2020 2,175,000 2,200,574
Wells Fargo & Co. 2.625% 2022 3,000,000 3,006,951
Wells Fargo & Co. 3.069% 2023 3,000,000 3,052,407
Wells Fargo & Co. 3.584% 2028 4,425,000 4,485,627
Western Gas Partners LP 4.65% 2026 925,000 970,854
Westfield Corp. Ltd. 3.15% 2022 5,615,000 5,684,289
Westlake Automobile Receivables Trust, Series 2017-1A, Class A2, 1.78% 2020 1,010,000 1,010,643
Westpac Banking Corp. 2.15% 2020 12,000,000 12,043,356
Wheels SPV 2 LLC, Series 2016-1A, Class A2, 1.59% 2025 728,528 727,438
Williams Companies, Inc. 3.70% 2023 5,385,000 5,385,000
Williams Partners LP 3.60% 2022 2,250,000 2,326,367
Williams Partners LP 3.75% 2027 1,050,000 1,050,143
Williams Partners LP 3.90% 2025 1,000,000 1,023,249
Williams Partners LP 4.30% 2024 160,000 168,967
Wind Acquisition SA 4.75% 2020 3,450,000 3,496,368
Wind Acquisition SA 7.375% 2021 12,300,000 12,799,688
Windstream Holdings, Inc. 7.50% 2022 500,000 376,250
Windstream Holdings, Inc. 7.75% 2021 10,225,000 7,668,750
World Financial Network Credit Card Master Note Trust, Series 2012-A, Class A, 3.14% 2023 14,170,000 14,432,981
World Financial Network Credit Card Master Note Trust, Series 2016-B, Class A, 1.44% 2022 4,000,000 3,992,616
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 2023 4,018,000 4,153,608
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.25% 2027 1,025,000 1,045,490
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.50% 2025 4,425,000 4,618,594
Ziggo Bond Finance BV 5.50% 2027 9,150,000 9,398,789
Zimmer Holdings, Inc. 3.15% 2022 6,070,000 6,176,395
iHeartCommunications, Inc. 9.00% 2019 8,920,000 6,846,100
iStar Financial Inc. 4.00% 2017 8,675,000 8,682,808
Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
AAC Technologies Holdings Inc. 10,000,000 168,907,991 0.68
ASML Holding NV (New York registered) 2,502,100 428,359,520 1.73
AT&T Inc. 3,280,800 128,508,936 0.52
AbbVie Inc. 575,000 51,094,500 0.21
Activision Blizzard, Inc. 950,000 61,284,500 0.25
Aetna Inc. 1,450,000 230,564,500 0.93
Alphabet Inc., Class A 83,000 80,818,760 0.33
Alphabet Inc., Class C 133,985 128,506,353 0.52
Amazon.com, Inc. 210,225 202,099,804 0.82
American Tower Corp. REIT 479,100 65,483,388 0.26
Amphenol Corp., Class A 1,535,000 129,922,400 0.53
Apple Inc. 1,132,850 174,594,842 0.71
Associated British Foods PLC 4,600,000 196,972,988 0.80
Atrium Corp. 535 535 0.00
BNP Paribas SA 1,500,000 121,039,966 0.49
Bank of America Corp. 7,000,000 177,380,000 0.72
Berkshire Hathaway Inc., Class A 84 23,078,160 0.09
Blackstone Group LP 1,510,000 50,388,700 0.20
Boeing Co. 1,289,000 327,676,690 1.33
Bristol-Myers Squibb Co. 978,000 62,337,720 0.25
British American Tobacco PLC 1,257,400 78,613,634 0.32
Broadcom Ltd. 1,245,000 301,962,300 1.22
CBS Corp., Class B 1,000,000 58,000,000 0.23
CEVA Group PLC 6,142 3,071,220 0.01
CEVA Group PLC, Series A-1, convertible preferred, (3-month USD-LIBOR + 3.00%) 0% 6,267 4,292,587 0.02
CEVA Group PLC, Series A-2, convertible preferred, (3-month USD-LIBOR + 2.00%) 0% 5,998 2,999,225 0.01
Cabot Oil & Gas Corp. 3,000,000 80,250,000 0.32
Capital One Financial Corp. 1,000,000 84,660,000 0.34
Charter Communications, Inc., Class A 284,126 103,257,071 0.42
Chevron Corp. 1,279,750 150,370,625 0.61
Chubb Ltd. 2,410,000 343,545,500 1.39
Citigroup Inc. 2,750,000 200,035,000 0.81
Coca-Cola Co. 307,700 13,849,577 0.06
Colgate-Palmolive Co. 1,000,000 72,850,000 0.29
Comcast Corp., Class A 10,546,000 405,810,080 1.64
Concho Resources Inc. 500,000 65,860,000 0.27
ConocoPhillips 250,000 12,512,500 0.05
Corporate Risk Holdings Corp. 854 0 0.00
Corporate Risk Holdings I, Inc. 168,812 2,952,522 0.01
Crown Castle International Corp. REIT 705,000 70,485,900 0.29
DowDuPont Inc. 6,047,410 418,662,194 1.69
Enbridge Inc. 2,242,200 93,813,648 0.38
Enbridge Inc. 47,742 1,994,240 0.01
Express Scripts Holding Co. 2,800,000 177,296,000 0.72
Extraction Oil & Gas, Inc. 3,000,000 46,170,000 0.19
Facebook, Inc., Class A 1,472,000 251,520,640 1.02
First Republic Bank 2,480,000 259,060,800 1.05
Fiserv, Inc. 350,000 45,136,000 0.18
Franco-Nevada Corp. 290,918 22,536,673 0.09
General Motors Co. 3,500,000 141,330,000 0.57
HDFC Bank Ltd. 297,000 8,228,654 0.03
Home Depot, Inc. 1,600,000 261,696,000 1.06
Humana Inc. 965,000 235,102,950 0.95
ICICI Bank Ltd. 1,580,700 6,716,272 0.03
IDEX Corp. 406,100 49,328,967 0.20
Incyte Corp. 764,450 89,241,893 0.36
Intel Corp. 6,000,000 228,480,000 0.92
Intuit Inc. 1,100,000 156,354,000 0.63
JPMorgan Chase & Co. 2,600,000 248,326,000 1.00
Johnson & Johnson 2,850,000 370,528,500 1.50
Lockheed Martin Corp. 1,322,000 410,203,380 1.66
LyondellBasell Industries NV 2,535,000 251,091,750 1.02
Mastercard Inc., Class A 57,000 8,048,400 0.03
McDonald's Corp. 95,000 14,884,600 0.06
Merck & Co., Inc. 2,170,300 138,964,309 0.56
Microsoft Corp. 10,820,000 805,981,800 3.26
Molina Healthcare, Inc. 1,500,000 103,140,000 0.42
Murata Manufacturing Co., Ltd. 217,700 32,185,609 0.13
NII Holdings, Inc. 816,045 375,381 0.00
Nestlé SA 908,230 76,065,516 0.31
Nestlé SA (ADR) 900,000 75,609,000 0.31
Newell Brands Inc. 6,368,500 271,743,895 1.10
Noble Energy, Inc. 10,200,000 289,272,000 1.17
Novartis AG 99,000 8,495,321 0.03
Nucor Corp. 1,250,000 70,050,000 0.28
PNC Financial Services Group, Inc. 708,000 95,417,160 0.39
Philip Morris International Inc. 4,489,000 498,323,890 2.02
Praxair, Inc. 355,000 49,607,700 0.20
Procter & Gamble Co. 800,000 72,784,000 0.29
Raytheon Co. 265,000 49,443,700 0.20
Regeneron Pharmaceuticals, Inc. 220,467 98,575,205 0.40
RenaissanceRe Holdings Ltd. 329,500 44,528,630 0.18
Rockwell Collins, Inc. 5,900 771,189 0.00
Rotech Healthcare Inc. 184,138 368,276 0.00
Royal Dutch Shell PLC, Class B (ADR) 1,750,000 109,445,000 0.44
Royal Gold, Inc. 605,000 52,054,200 0.21
Sabre Corp. 2,500,000 45,250,000 0.18
Schlumberger Ltd. 815,000 56,854,400 0.23
Simon Property Group, Inc. REIT 625,000 100,631,250 0.41
Starbucks Corp. 1,517,700 81,515,667 0.33
SunTrust Banks, Inc. 510,000 30,482,700 0.12
Symantec Corp. 5,000,000 164,050,000 0.66
Taiwan Semiconductor Manufacturing Co., Ltd. 8,600,000 61,852,301 0.25
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) 15,550,000 583,902,500 2.36
TransDigm Group Inc. 75,000 19,173,750 0.08
Twenty-First Century Fox, Inc., Class A 250,000 6,595,000 0.03
UnitedHealth Group Inc. 2,542,000 497,850,700 2.01
VF Corp. 2,730,000 173,546,100 0.70
VeriSign, Inc. 3,240,000 344,703,600 1.39
Verizon Communications Inc. 248,000 12,273,520 0.05
Visa Inc., Class A 1,150,200 121,047,048 0.49
Warrior Met Coal, Inc. 101,623 2,347,349 0.01
Waste Management, Inc. 214,000 16,749,780 0.07
Weatherford International PLC 52,600,000 240,908,000 0.97
Wells Fargo & Co. 3,406,400 187,862,960 0.76
Western Digital Corp. 2,000,000 172,800,000 0.70
Zayo Group Holdings, Inc. 711,721 24,497,437 0.10

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.