American Funds - Portfolio holdings | American Funds

Portfolio Holdings

American Funds Insurance Series - Asset Allocation Fund

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

Fixed-Income Securities* Shares or Principal Amount Market Value
3M Co. 2.25% 2026 1,000,000 926,264
3M Co. 3.625% 2028 2,515,000 2,563,949
ACE INA Holdings Inc. 2.30% 2020 1,345,000 1,326,124
ACE INA Holdings Inc. 2.875% 2022 3,880,000 3,849,014
ACE INA Holdings Inc. 3.35% 2026 880,000 862,101
ACE INA Holdings Inc. 4.35% 2045 800,000 826,701
ADT Corp. 3.50% 2022 4,750,000 4,411,563
AEP Transmission Company LLC 3.75% 2047 2,390,000 2,200,705
AEP Transmission Company LLC 4.25% 2048 1,630,000 1,648,952
AES Corp. 5.50% 2025 6,673,000 6,656,318
APPLE INC 4(2) CP 1/9/2019 40,000,000 39,975,160
ARMY & AIR FORCE EXCHANGE SERVICE 4(2) CP 1/8/2019 28,000,000 27,985,440
AT&T Inc. (3-month USD-LIBOR + 1.18%) 3.956% 2024 4,700,000 4,562,281
AT&T Inc. 4.10% 2028 1,250,000 1,204,698
AbbVie Inc. 4.25% 2028 3,050,000 2,968,672
AbbVie Inc. 4.30% 2036 604,000 541,024
AbbVie Inc. 4.45% 2046 5,850,000 5,143,080
AbbVie Inc. 4.875% 2048 1,900,000 1,781,814
Abbott Laboratories 2.90% 2021 1,130,000 1,119,537
Abbott Laboratories 3.40% 2023 189,000 188,622
Abbott Laboratories 3.75% 2026 2,094,000 2,072,633
Abbott Laboratories 4.75% 2036 460,000 481,748
Abbott Laboratories 4.90% 2046 500,000 527,592
Alexandria Real Estate Equities, Inc. 3.95% 2028 1,220,000 1,181,248
Allergan PLC 3.00% 2020 1,050,000 1,046,121
Allergan PLC 3.45% 2022 7,645,000 7,533,345
Allergan PLC 3.80% 2025 406,000 397,058
Allergan PLC 4.75% 2045 6,000,000 5,723,886
Allison Transmission Holdings, Inc. 5.00% 2024 3,205,000 3,088,819
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 10.053% 2025 4,200,000 3,879,750
Alphabet Inc. 1.998% 2026 3,000,000 2,731,620
Altria Group, Inc. 4.50% 2043 3,000,000 2,507,346
Amazon.com, Inc. 2.40% 2023 3,000,000 2,906,067
Amazon.com, Inc. 2.80% 2024 3,000,000 2,917,905
Ameren Corp. 3.70% 2047 1,500,000 1,373,436
Ameren Corp. 4.50% 2049 2,250,000 2,388,596
AmeriCredit Automobile Receivables Trust, Series 2015-3, Class C, 2.73% 2021 3,455,000 3,446,293
AmeriCredit Automobile Receivables Trust, Series 2016-3, Class A3, 1.46% 2021 608,764 606,261
AmeriCredit Automobile Receivables Trust, Series 2016-3, Class B, 1.80% 2021 500,000 494,495
American Axle & Manufacturing Holdings, Inc. 6.50% 2027 3,275,000 2,943,406
American Campus Communities, Inc. 3.35% 2020 1,765,000 1,759,373
American Campus Communities, Inc. 3.625% 2027 5,745,000 5,412,996
American Campus Communities, Inc. 3.75% 2023 3,055,000 3,035,732
American Campus Communities, Inc. 4.125% 2024 6,075,000 6,108,091
American Electric Power Co., Inc. 2.95% 2022 4,020,000 3,945,288
American Electric Power Co., Inc. 3.20% 2027 1,275,000 1,212,373
American Energy (Permian Basin) (3-month USD-LIBOR + 6.50%) 9.082% 2019 825,000 288,750
American Energy (Permian Basin), 7.125% 2020 7,948,000 1,828,040
American Energy (Permian Basin), 7.375% 2021 5,970,000 1,343,250
American Express Co. 2.20% 2020 6,000,000 5,893,194
American Honda Finance Corp. 3.50% 2028 1,500,000 1,477,851
American International Group, Inc. 4.20% 2028 2,080,000 2,011,803
American Tower Corp. 3.55% 2027 1,425,000 1,339,986
American Tower Corp. 3.60% 2028 2,000,000 1,873,322
Anadarko Petroleum Corp. 4.85% 2021 2,751,000 2,818,009
Anadarko Petroleum Corp. 5.55% 2026 2,250,000 2,360,968
Angel Oak Capital Advisors LLC, Series 2013-9A, CLO, Class A1R, (3-month USD-LIBOR + 1.01%) 3.479% 2025 1,720,551 1,716,267
Anheuser-Busch Co./Inbev Worldwide 3.65% 2026 4,985,000 4,716,358
Anheuser-Busch Co./Inbev Worldwide 4.70% 2036 895,000 835,799
Anheuser-Busch Co./Inbev Worldwide 4.90% 2046 1,655,000 1,540,115
Anheuser-Busch InBev NV 3.30% 2023 4,925,000 4,799,811
Anheuser-Busch InBev NV 3.50% 2024 890,000 870,513
Anheuser-Busch InBev NV 4.00% 2028 5,815,000 5,576,195
Apple Inc. 2.75% 2025 6,000,000 5,792,814
Apple Inc. 2.90% 2027 9,000,000 8,488,350
Apple Inc. 3.00% 2024 1,250,000 1,235,240
Apple Inc. 3.35% 2027 90,000 88,141
Applied Systems, Inc., Term Loan, (3-month USD-LIBOR + 7.00%) 9.522% 2025 600,000 595,500
Arroyo Mortgage Trust, Series 2018-1, Class A1, 3.763% 2048 3,084,718 3,085,224
Ascent Resources Marcellus Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 6.50%) 8.887% 2023 1,223,333 1,227,921
Associated Materials, LLC 9.00% 2024 8,905,000 8,637,850
AstraZeneca PLC 3.375% 2025 11,390,000 11,024,381
Avis Budget Group, Inc. 5.50% 2023 6,125,000 5,933,594
Avon Products, Inc. 7.875% 2022 3,780,000 3,742,200
B&G Foods, Inc. 4.625% 2021 440,000 430,650
B&G Foods, Inc. 5.25% 2025 1,660,000 1,550,025
BB&T Corp. 2.45% 2020 6,000,000 5,959,398
BB&T Corp. 2.625% 2022 2,500,000 2,455,143
BB&T Corp. 2.75% 2022 3,050,000 3,000,361
BNP Paribas 3.375% 2025 3,225,000 3,040,314
BP Capital Markets PLC 4.234% 2028 3,000,000 3,091,833
Ball Corp. 4.375% 2020 2,450,000 2,465,313
Bank of America Corp. 2.625% 2020 4,037,000 3,994,971
Bank of America Corp. 3.248% 2027 1,500,000 1,388,685
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR + 0.78% on 3/5/2023) 7,250,000 7,166,031
Bank of America Corp. 3.593% 2028 (3-month USD-LIBOR + 1.37% on 7/21/2027) 3,000,000 2,849,667
Bank of America Corp. 4.271% 2029 (3-month USD-LIBOR +1.31% on 07/23/2028) 3,080,000 3,070,988
Bayer AG 2.375% 2019 2,750,000 2,728,564
Bayer US Finance II LLC 3.875% 2023 3,360,000 3,302,497
Bayer US Finance II LLC 4.25% 2025 8,729,000 8,512,172
Bayer US Finance II LLC 4.375% 2028 1,254,000 1,200,380
Bayer US Finance II LLC 4.625% 2038 1,525,000 1,390,724
Bayerische Motoren Werke AG 2.25% 2023 600,000 560,189
Bayerische Motoren Werke AG 3.45% 2023 8,685,000 8,626,463
Becton, Dickinson and Co. 2.133% 2019 2,250,000 2,237,135
Becton, Dickinson and Co. 2.404% 2020 2,250,000 2,216,468
Becton, Dickinson and Co. 2.894% 2022 1,170,000 1,134,026
Becton, Dickinson and Co. 3.363% 2024 860,000 826,961
Berkshire Hathaway Energy Co. 2.40% 2020 1,245,000 1,236,925
Berkshire Hathaway Finance Corp. 1.30% 2019 1,070,000 1,058,879
Berkshire Hathaway Finance Corp. 4.20% 2048 7,145,000 7,127,466
Berkshire Hathaway Inc. 2.20% 2021 1,000,000 987,165
Berkshire Hathaway Inc. 2.75% 2023 2,615,000 2,568,443
Berkshire Hathaway Inc. 3.125% 2026 1,000,000 970,652
Blackstone CQP Holdco LP, 6.00% 2021 5,700,000 5,736,611
Blackstone CQP Holdco LP, 6.50% 2021 21,325,000 21,485,812
Bohai Financial Investment Holding Co., Ltd. 5.50% 2024 2,250,000 2,176,875
Boston Scientific Corp. 3.85% 2025 5,500,000 5,420,586
Brandywine Operating Partnership, LP 3.95% 2023 1,070,000 1,065,132
British American Tobacco International Finance PLC 3.95% 2025 5,500,000 5,148,809
British American Tobacco PLC 3.222% 2024 5,000,000 4,610,615
British American Tobacco PLC 4.39% 2037 5,500,000 4,519,708
British American Tobacco PLC 4.54% 2047 3,250,000 2,599,773
British Telecommunications PLC 9.625% 2030 1,905,000 2,581,502
Broadcom Ltd. 3.00% 2022 755,000 726,574
Broadcom Ltd. 3.50% 2028 4,777,000 4,149,044
Broadcom Ltd. 3.625% 2024 745,000 705,595
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 2024 3,000,000 2,998,608
CCO Holdings LLC and CCO Holdings Capital Corp. 4.908% 2025 1,000,000 995,285
CCO Holdings LLC and CCO Holdings Capital Corp. 5.00% 2028 4,250,000 3,920,625
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2023 2,650,000 2,583,750
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2026 5,850,000 5,747,625
CCO Holdings LLC and CCO Holdings Capital Corp. 6.484% 2045 585,000 605,705
CF Industries, Inc. 4.95% 2043 4,130,000 3,216,238
CHARIOT FUNDING LLC 4(2) CP 3/6/2019 50,000,000 49,755,800
CHARTA LLC 4(2) CP 1/15/2019 50,000,000 49,947,400
CHEVRON CORP 4(2) CP 1/14/2019 48,600,000 48,554,170
CME Group Inc. 3.75% 2028 6,000,000 6,091,272
CME Group Inc. 4.15% 2048 1,500,000 1,525,323
CONSOL Energy Inc. 5.875% 2022 23,140,000 22,272,250
CPPIB Capital Inc. 1.25% 2019 3,900,000 3,859,128
CPPIB Capital Inc. 2.25% 2022 4,286,000 4,220,210
CPPIB Capital Inc. 2.375% 2021 6,000,000 5,964,480
CPPIB Capital Inc. 2.75% 2027 6,600,000 6,373,488
CPS Auto Receivables Trust, Series 2017-B, Class A, 1.75% 2020 103,686 103,621
CS First Boston Mortgage Securities Corp., Series 2004-5, Class IVA1, 6.00% 2034 356,419 363,641
CSAIL Commercial Mortgage Trust, Series 2015-C4, Class ASB, 3.6167% 2048 1,400,000 1,416,703
CSX Corp. 3.80% 2028 6,985,000 6,870,313
CSX Corp. 4.25% 2029 2,137,000 2,175,470
CSX Corp. 4.30% 2048 2,250,000 2,154,026
CSX Corp. 4.75% 2048 3,756,000 3,824,964
CVR Partners, LP 9.25% 2023 3,325,000 3,470,469
CVS Health Corp. 3.35% 2021 740,000 737,913
CVS Health Corp. 3.70% 2023 1,005,000 995,139
CVS Health Corp. 4.10% 2025 1,119,000 1,110,689
CVS Health Corp. 4.30% 2028 5,747,000 5,637,985
CVS Health Corp. 4.78% 2038 1,037,000 997,866
Cablevision Systems Corp. 6.75% 2021 9,575,000 9,838,313
Calpine Corp. 5.25% 2026 5,970,000 5,470,013
Canadian Natural Resources Ltd. 2.95% 2023 4,975,000 4,759,513
Canadian Natural Resources Ltd. 4.95% 2047 1,000,000 964,155
Cascade Funding Mortgage Trust, Series 2018-RM2, Class A, 4.00% 2068 2,960,843 2,976,269
Cenovus Energy Inc. 3.80% 2023 3,970,000 3,833,650
Cenovus Energy Inc. 4.25% 2027 6,625,000 6,047,704
Cenovus Energy Inc. 5.25% 2037 2,000,000 1,768,688
Cenovus Energy Inc. 5.40% 2047 8,000,000 6,937,208
Centene Corp. 4.75% 2022 8,770,000 8,693,263
Centene Corp. 4.75% 2025 2,825,000 2,704,938
CenterPoint Energy, Inc. 3.85% 2024 3,275,000 3,294,391
Centerpoint Energy, Inc. 2.50% 2022 900,000 861,467
CenturyLink, Inc. 6.75% 2023 8,475,000 8,188,969
CenturyLink, Inc., Series T, 5.80% 2022 2,625,000 2,539,688
Chemours Co. 6.625% 2023 6,090,000 6,173,738
Chesapeake Energy Corp. (3-month USD-LIBOR + 3.25%) 5.686% 2019 3,200,000 3,192,000
Chesapeake Energy Corp. 4.875% 2022 7,225,000 6,339,938
Chesapeake Energy Corp. 5.75% 2023 75,000 65,063
Chesapeake Energy Corp. 8.00% 2025 4,475,000 3,971,563
Chesapeake Energy Corp. 8.00% 2027 4,365,000 3,688,425
Chevron Corp. 2.566% 2023 2,000,000 1,948,830
Chevron Corp. 3.326% 2025 1,165,000 1,157,429
Chevron Phillips Chemical Co. LLC 3.30% 2023 1,170,000 1,157,951
Chevron Phillips Chemical Co. LLC 3.70% 2028 3,000,000 2,960,160
Cigna Corp. 3.40% 2021 1,800,000 1,796,981
Cigna Corp. 4.125% 2025 1,865,000 1,866,003
Cigna Corp. 4.375% 2028 2,175,000 2,192,702
Cigna Corp. 4.80% 2038 9,140,000 9,091,777
Cigna Corp. 4.90% 2048 1,650,000 1,622,844
Cigna Corp.3.75% 2023 1,955,000 1,950,382
Citibank Credit Card Issuance Trust, Series 2014-A6, Class A6, 2.15% 2021 275,000 273,891
Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class AAB, 2.984% 2048 1,185,000 1,178,011
Citigroup Inc. 2.35% 2021 8,855,000 8,607,264
Citigroup Inc. 2.876% 2023 (3-month USD-LIBOR + 0.95% on 7/24/2022) 1,725,000 1,670,217
Citigroup Inc. 2.90% 2021 2,000,000 1,968,932
Citigroup Inc. 4.65% 2048 2,430,000 2,387,643
Clear Channel Worldwide Holdings, Inc. 7.625% 2020 16,260,000 15,914,475
Cleveland-Cliffs Inc. 4.875% 2024 3,025,000 2,820,813
Cleveland-Cliffs Inc. 5.75% 2025 18,995,000 17,142,988
Comcast Corp. 2.35% 2027 4,000,000 3,583,792
Comcast Corp. 3.20% 2036 750,000 647,144
Comcast Corp. 3.90% 2038 1,500,000 1,392,915
Comcast Corp. 3.95% 2025 5,795,000 5,871,349
Comcast Corp. 4.15% 2028 3,040,000 3,092,437
Comcast Corp. 4.60% 2038 6,000,000 6,077,112
Comcast Corp. 4.70% 2048 3,354,000 3,420,812
Comision Federal de Electricidad 4.75% 2027 1,270,000 1,200,163
Commercial Mortgage Trust, Series 2015-PC1, Class A5, 3.902% 2050 4,735,000 4,838,985
Commonwealth Bank of Australia 2.25% 2020 1,000,000 991,231
Commonwealth Edison Company 3.65% 2046 2,000,000 1,817,740
Commonwealth Edison Company 4.00% 2048 2,600,000 2,517,863
Commonwealth Edison Company 4.35% 2045 2,085,000 2,105,546
Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Ref. Bonds, Series 2014-E, 2.857% 2040 70,000 68,932
Compass Diversified Holdings 8.00% 2026 2,775,000 2,752,453
Comstock Resources, Inc. 9.75% 2026 4,225,000 3,591,250
Conagra Brands, Inc. 4.30% 2024 2,685,000 2,671,752
Conagra Brands, Inc. 4.85% 2028 1,935,000 1,907,653
Conagra Brands, Inc. 5.30% 2038 5,000,000 4,743,840
Conagra Brands, Inc. 5.40% 2048 1,662,000 1,538,002
Concho Resources Inc. 4.30% 2028 6,425,000 6,301,017
Concho Resources Inc. 4.85% 2048 1,500,000 1,442,714
Concordia International Corp. (3-month USD-LIBOR + 5.50%) 7.887% 2024 980,075 934,338
Concordia International Corp. 8.00% 2024 357,000 337,365
Connecticut Avenue Securities, Series 2014-C02, Class 1M1, (1-month USD-LIBOR + 0.95%) 3.456% 2024 11,662 11,668
Consolidated Edison Co. of New York, Inc. 4.50% 2058 6,100,000 5,925,070
Consolidated Energy Finance SA 6.50% 2026 2,685,000 2,584,313
Constellation Brands, Inc. 2.65% 2022 4,835,000 4,633,598
Constellation Brands, Inc. 2.70% 2022 395,000 381,807
Constellation Brands, Inc. 3.20% 2023 1,650,000 1,601,452
Constellation Brands, Inc. 3.60% 2028 1,250,000 1,154,051
Constellation Brands, Inc. 4.50% 2047 445,000 408,275
Consumers Energy Co. 3.125% 2024 3,785,000 3,740,610
Consumers Energy Co. 3.25% 2046 940,000 798,883
Consumers Energy Co. 3.375% 2023 475,000 476,823
Consumers Energy Co. 4.05% 2048 6,285,000 6,222,684
Convey Park Energy LLC 7.50% 2025 2,000,000 1,730,000
Corporate Office Properties LP 3.60% 2023 765,000 743,022
Corporate Office Properties LP 5.25% 2024 3,595,000 3,730,718
Costco Wholesale Corp. 2.75% 2024 12,250,000 11,923,109
Credit Suisse Group AG 3.00% 2021 250,000 246,918
Credit Suisse Group AG 3.80% 2023 1,625,000 1,596,103
Credit Suisse Group AG 3.869% 2029 (3-month USD-LIBOR + 1.41% on 1/12/2028) 800,000 746,074
Crédit Agricole SA 4.375% 2025 1,700,000 1,648,101
Cumulus Media New Holdings Inc., Term Loan, (3-month USD-LIBOR + 4.50%) 7.03% 2022 1,496,423 1,420,043
DCP Midstream Operating LP 4.95% 2022 4,775,000 4,739,188
DNB ASA 2.375% 2021 3,000,000 2,929,077
DaVita HealthCare Partners Inc. 5.00% 2025 3,875,000 3,531,094
DaimlerChrysler North America Holding Corp. 2.00% 2021 200,000 192,493
DaimlerChrysler North America Holding Corp. 2.25% 2019 6,000,000 5,962,314
DaimlerChrysler North America Holding Corp. 2.25% 2020 2,765,000 2,728,079
DaimlerChrysler North America Holding Corp. 3.35% 2023 1,200,000 1,184,242
DaimlerChrysler North America Holding Corp. 3.75% 2028 397,000 374,124
Danske Bank AS 2.70% 2022 2,000,000 1,917,066
Deutsche Telekom International Finance BV 1.95% 2021 1,000,000 960,055
Deutsche Telekom International Finance BV 2.82% 2022 2,535,000 2,480,705
Deutsche Telekom International Finance BV 3.60% 2027 3,750,000 3,544,841
Deutsche Telekom International Finance BV 9.25% 2032 3,570,000 5,087,878
Diamond Offshore Drilling, Inc. 4.875% 2043 4,685,000 2,647,025
Diamond Offshore Drilling, Inc. 7.875% 2025 2,550,000 2,129,250
Diebold Nixdorf AG Term Loan B (3-month USD-LIBOR + 2.75%) 5.188% 2023 1,436,128 1,220,709
Dominion Resources, Inc. 1.60% 2019 890,000 880,237
Dominion Resources, Inc. 2.00% 2021 790,000 759,530
Dominion Resources, Inc. 2.579% 2020 950,000 935,325
Dominion Resources, Inc. 2.75% 2022 800,000 779,769
Dominion Resources, Inc. 2.85% 2026 1,500,000 1,385,277
Dominion Resources, Inc. 2.962% 2019 300,000 298,973
Dow Chemical Co. 4.55% 2025 8,394,000 8,555,568
DowDuPont Inc. 4.205% 2023 3,015,000 3,086,124
DowDuPont Inc. 4.493% 2025 10,095,000 10,413,245
DowDuPont, Inc 4.725% 2028 3,015,000 3,132,947
Drive Auto Receivables Trust, Series 2016-CA, Class C, 3.02% 2021 1,403,013 1,402,280
Drive Auto Receivables Trust, Series 2017-1, Class C, 2.84% 2022 1,075,000 1,073,748
Drive Auto Receivables Trust, Series 2017-2, Class C, 2.75% 2023 1,075,000 1,072,959
Drive Auto Receivables Trust, Series 2017-AA, Class C, 2.98% 2022 1,684,524 1,683,018
Drivetime Auto Owner Trust, Series 2016-3A, Class C, 3.15% 2022 668,933 668,910
Drivetime Auto Owner Trust, Series 2017-3A, Class C, 3.01% 2023 3,850,000 3,844,849
Drivetime Auto Owner Trust, Series 2017-4A, Class C, 2.86% 2023 4,000,000 3,989,332
Duke Energy Carolinas, Inc. 3.95% 2028 2,500,000 2,565,463
Duke Energy Corp. 2.65% 2026 4,325,000 3,946,299
Duke Energy Corp. 3.75% 2024 150,000 150,398
Duke Energy Florida, LLC 3.20% 2027 2,420,000 2,345,820
Duke Energy Ohio, Inc. 3.70% 2046 1,950,000 1,762,412
Duke Energy Progress Inc. 3.70% 2046 4,350,000 3,944,850
Duke Energy Progress Inc. 4.15% 2044 3,020,000 2,947,411
Duke Energy Progress, LLC 3.375% 2023 2,040,000 2,050,247
EDP Finance BV 3.625% 2024 12,250,000 11,492,350
EDP Finance BV 4.125% 2020 3,402,000 3,415,115
EMD Finance LLC 2.40% 2020 210,000 207,897
EMD Finance LLC 2.95% 2022 1,010,000 995,801
EMD Finance LLC 3.25% 2025 1,020,000 980,055
EMERSON ELECTRIC CO 4(2) CP 1/10/2019 50,000,000 49,966,950
EOG Resources, Inc. 4.15% 2026 2,980,000 3,064,510
EPR Properties 4.50% 2027 3,240,000 3,129,872
EPR Properties 4.75% 2026 6,070,000 6,017,027
EQT Corp. 3.00% 2022 975,000 925,279
EQT Corp. 3.90% 2027 1,810,000 1,564,043
Eastman Chemical Co. 2.70% 2020 2,188,000 2,172,181
Electricité de France SA 2.35% 2020 650,000 640,745
Electricité de France SA 4.875% 2038 1,425,000 1,306,289
Electricité de France SA 5.60% 2040 525,000 531,045
Electricité de France SA 6.95% 2039 2,050,000 2,394,509
Eli Lilly and Co. 3.95% 2047 1,500,000 1,472,432
Emera US Finance LP 2.15% 2019 300,000 297,581
Emera US Finance LP 2.70% 2021 770,000 750,541
Emera US Finance LP 3.55% 2026 645,000 612,940
EnLink Midstream Partners, LP 5.45% 2047 1,964,000 1,597,040
Enbridge Energy Partners, LP 5.20% 2020 120,000 122,585
Enbridge Energy Partners, LP 5.875% 2025 3,825,000 4,151,559
Enbridge Energy Partners, LP, Series B, 7.50% 2038 2,000,000 2,530,914
Enbridge Inc. 3.70% 2027 3,897,000 3,699,753
Enbridge Inc. 4.00% 2023 2,500,000 2,514,900
Endo International PLC 5.75% 2022 5,865,000 4,911,938
Endo International PLC 6.00% 2025 3,945,000 2,850,263
Enel Finance International SA 3.50% 2028 5,800,000 4,984,735
Enel Finance International SA 4.25% 2023 4,500,000 4,404,384
Enel Finance International SA 4.625% 2025 4,500,000 4,325,693
Enel Finance International SA 4.875% 2029 3,750,000 3,586,703
Energy Transfer Partners, LP 4.15% 2020 3,500,000 3,521,875
Energy Transfer Partners, LP 4.20% 2027 185,000 172,937
Energy Transfer Partners, LP 4.75% 2026 4,000,000 3,895,260
Energy Transfer Partners, LP 4.95% 2028 282,000 276,982
Energy Transfer Partners, LP 5.30% 2047 1,247,000 1,104,152
Energy Transfer Partners, LP 5.40% 2047 1,300,000 1,170,044
Energy Transfer Partners, LP 5.875% 2024 2,775,000 2,839,880
Energy Transfer Partners, LP 6.00% 2048 3,056,000 2,989,666
Energy Transfer Partners, LP 7.50% 2020 1,175,000 1,224,938
Enersis Américas SA 4.00% 2026 495,000 463,597
Ensco PLC 7.75% 2026 3,650,000 2,719,250
Ensco PLC, 5.75% 2044 7,820,000 4,409,542
Entergy Corp. 2.95% 2026 1,160,000 1,072,560
Entergy Louisiana, LLC 4.20% 2048 4,200,000 4,161,709
Enterprise Fleet Financing LLC, Series 2016-2, Class A2, 1.74% 2022 220,790 219,980
Enterprise Fleet Financing LLC, Series 2017-1, Class A2, 2.13% 2022 337,169 335,219
Enterprise Fleet Financing LLC, Series 2017-1, Class A3, 2.60% 2022 655,000 650,942
Enterprise Products Operating LLC 4.90% 2046 1,000,000 973,440
Equinor ASA 3.625% 2028 9,735,000 9,736,149
Essex Portfolio LP 3.50% 2025 5,865,000 5,710,645
Essex Portfolio LP 3.875% 2024 1,000,000 1,003,886
Euramax International, Inc. 12.00% 2020 4,550,000 4,680,813
Eversource Energy 3.80% 2023 2,730,000 2,759,132
Exelon Corp. 3.40% 2026 200,000 190,542
Exelon Corp. 3.497% 2022 2,150,000 2,102,539
Exeter Automobile Receivables Trust, Series 2018-1A, Class C, 3.03% 2023 3,000,000 2,982,282
Extraction Oil & Gas, Inc. 5.625% 2026 2,900,000 2,131,500
Exxon Mobil Corp. 2.222% 2021 5,070,000 4,998,396
Exxon Mobil Corp. 2.726% 2023 3,000,000 2,951,700
Exxon Mobil Corp. 3.043% 2026 2,250,000 2,198,219
FED HM LN BK BD 1/10/2019 50,000,000 49,973,410
FED HM LN BK BD 1/2/2019 37,150,000 37,140,549
FED HM LN BK BD 1/23/2019 50,000,000 49,928,115
FED HM LN BK BD 1/28/2019 75,000,000 74,867,843
FED HM LN BK BD 1/4/2019 70,000,000 69,990,767
FED HM LN BK BD 2/1/2019 20,000,000 19,959,348
FED HM LN BK BD 2/11/2019 72,600,000 72,403,073
FED HM LN BK BD 2/12/2019 46,400,000 46,269,212
FED HM LN BK BD 2/13/2019 100,000,000 99,711,260
FED HM LN BK BD 2/15/2019 120,000,000 119,641,776
FED HM LN BK BD 2/19/2019 44,000,000 43,856,745
FED HM LN BK BD 2/20/2019 50,000,000 49,833,705
FED HM LN BK BD 2/21/2019 25,000,000 24,915,160
FED HM LN BK BD 2/22/2019 50,000,000 49,826,935
FED HM LN BK BD 2/5/2019 40,000,000 39,906,528
FED HM LN BK BD 2/6/2019 86,000,000 85,795,982
FED HM LN BK BD 2/7/2019 100,000,000 99,756,000
FED HM LN BK BD 3/11/2019 100,000,000 99,539,910
FED HM LN BK BD 3/15/2019 50,000,000 49,757,145
FED HM LN BK BD 3/5/2019 50,000,000 49,789,610
FED HM LN BK BD 3/8/2019 150,000,000 149,331,030
FED HM LN BK DISC NT 3/6/2019 120,000,000 119,486,952
FED HM LN MTG CORP DISC NT 1/22/2019 50,000,000 49,932,475
FED HM LN MTG CORP DISC NT 2/20/2019 50,000,000 49,833,705
FS Energy and Power Fund 7.50% 2023 2,020,000 1,924,050
Fannie Mae 1.875% 2026 13,000,000 12,074,140
Fannie Mae 2.00% 2022 3,000,000 2,956,590
Fannie Mae 2048 3,000,001 3,061,171
Fannie Mae 3.00% 2036 20,447,437 20,256,356
Fannie Mae 3.00% 2046 34,369,978 33,569,020
Fannie Mae 3.50% 2042 9,329,601 9,408,250
Fannie Mae 3.50% 2045 3,688,888 3,708,564
Fannie Mae 3.50% 2045 15,004,559 15,131,003
Fannie Mae 3.50% 2046 7,091,818 7,124,702
Fannie Mae 3.50% 2046 2,885,151 2,893,097
Fannie Mae 3.50% 2047 5,438,492 5,455,721
Fannie Mae 3.50% 2047 6,385,176 6,389,620
Fannie Mae 3.50% 2047 60,918,343 60,960,376
Fannie Mae 3.50% 2048 25,685,852 25,703,652
Fannie Mae 3.50% 2049 15,480,000 15,483,359
Fannie Mae 4.00% 2034 30,000,000 30,699,690
Fannie Mae 4.00% 2041 3,368,227 3,466,094
Fannie Mae 4.00% 2041 2,646,224 2,723,113
Fannie Mae 4.00% 2043 2,167,998 2,241,838
Fannie Mae 4.00% 2043 3,677,627 3,802,902
Fannie Mae 4.00% 2043 1,968,320 2,027,446
Fannie Mae 4.00% 2046 2,533,150 2,588,391
Fannie Mae 4.00% 2046 954,451 978,398
Fannie Mae 4.00% 2047 14,099,805 14,400,371
Fannie Mae 4.00% 2047 22,956,870 23,532,490
Fannie Mae 4.00% 2048 896,491 914,769
Fannie Mae 4.00% 2048 453,395 462,640
Fannie Mae 4.00% 2048 59,612 60,827
Fannie Mae 4.00% 2048 129,456 132,095
Fannie Mae 4.00% 2048 1,999,998 2,040,776
Fannie Mae 4.00% 2048 43,897 44,946
Fannie Mae 4.00% 2048 8,000,006 8,163,127
Fannie Mae 4.00% 2048 9,999,991 10,203,881
Fannie Mae 4.00% 2049 88,367,148 90,115,580
Fannie Mae 4.50% 2049 46,969,758 48,623,563
Fannie Mae 4.50% 2049 50,565,242 52,393,024
Fannie Mae 5.50% 2033 483,802 520,508
Fannie Mae 5.50% 2033 324,238 349,651
Fannie Mae 5.50% 2036 762,124 820,863
Fannie Mae 5.50% 2037 264,498 283,619
Fannie Mae 5.50% 2037 141,696 152,703
Fannie Mae 6.00% 2021 14,929 15,156
Fannie Mae 6.00% 2026 261,509 280,888
Fannie Mae 6.00% 2036 92,889 101,320
Fannie Mae 6.00% 2036 516,744 563,408
Fannie Mae 6.00% 2036 1,663,751 1,803,778
Fannie Mae 6.00% 2037 1,751,857 1,911,220
Fannie Mae 6.00% 2037 182,319 198,862
Fannie Mae 6.00% 2037 23,879 26,078
Fannie Mae 6.00% 2037 1,374,027 1,496,474
Fannie Mae 6.00% 2038 31,457 34,299
Fannie Mae 6.00% 2038 427,789 466,732
Fannie Mae 6.00% 2038 401,905 437,029
Fannie Mae 6.00% 2038 732,734 800,198
Fannie Mae 6.00% 2038 1,714,373 1,871,641
Fannie Mae 6.00% 2038 44,173 48,232
Fannie Mae 6.00% 2038 49,899 54,357
Fannie Mae 6.00% 2038 819,019 894,009
Fannie Mae 6.00% 2038 2,437,404 2,661,396
Fannie Mae 6.00% 2039 950 1,037
Fannie Mae 6.00% 2040 456,751 498,802
Fannie Mae 6.00% 2040 147,381 160,948
Fannie Mae 6.00% 2041 583,927 637,676
Fannie Mae 6.00% 2041 926,018 1,009,501
Fannie Mae 7.00% 2047 12,906 14,174
Fannie Mae 7.00% 2047 2,223 2,445
Fannie Mae, Series 2001-T10, Class A1, 7.00% 2041 176,009 201,097
Fannie Mae, Series 2002-W3, Class A5, 7.50% 2041 42,985 49,381
Fannie Mae, Series 2006-43, Class JO, principal only, 0% 2036 95,494 81,469
Fannie Mae, Series 2012-M14, Class A2, Multi Family, 2.301% 2022 2,145,000 2,107,810
Fannie Mae, Series 2012-M5, Class A2, Multi Family, 2.715% 2022 3,820,470 3,799,041
Fannie Mae, Series 2012-M9, Class A2, Multi Family, 2.482% 2022 4,202,562 4,162,924
Fannie Mae, Series 2013-M14, Class A2, Multi Family, 3.329% 2023 7,319,570 7,506,848
Fannie Mae, Series 2014-M1, Class A2, Multi Family, 3.214% 2023 8,512,421 8,641,376
Fannie Mae, Series 2014-M2, Class A2, Multi Family, 3.513% 2023 6,315,727 6,470,993
Fannie Mae, Series 2014-M3, Class A2, Multi Family, 0% 2024 7,000,000 7,176,043
Fannie Mae, Series 2014-M9, Class A2, Multi Family, 3.103% 2024 6,215,000 6,264,838
Fannie Mae, Series 2017-M3, Class A2, Multi Family, 2.485% 2026 9,665,000 9,149,305
Fannie Mae, Series 2017-M7, Class A2, Multi Family, 0% 2027 2,891,000 2,820,413
First Data Corp. 5.00% 2024 2,400,000 2,319,000
First Data Corp. 5.375% 2023 2,850,000 2,807,250
First Quantum Minerals Ltd. 6.875% 2026 4,275,000 3,446,719
First Quantum Minerals Ltd. 7.00% 2021 5,602,000 5,388,424
First Quantum Minerals Ltd. 7.25% 2022 8,175,000 7,612,969
First Quantum Minerals Ltd. 7.50% 2025 11,350,000 9,406,313
FirstEnergy Corp. 3.90% 2027 3,660,000 3,553,179
FirstEnergy Corp. 4.85% 2047 3,375,000 3,394,481
FirstEnergy Corp., Series B, 4.25% 2023 1,540,000 1,565,967
Ford Credit Auto Owner Trust, Series 2016-2, Class A, 2.03% 2027 2,900,000 2,830,098
Ford Credit Auto Owner Trust, Series 2017-1, Class A, 2.62% 2028 3,330,000 3,283,510
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 2031 14,965,000 14,870,601
Ford Credit Auto Owner Trust, Series 2018-2, Class A, 3.47% 2030 13,095,000 13,227,888
Ford Credit Floorplan Master Owner Trust, Series 2016-3, Class A1, 1.55% 2021 3,500,000 3,473,281
Ford Motor Credit Co. 1.897% 2019 2,500,000 2,475,805
Ford Motor Credit Co. 2.343% 2020 7,635,000 7,347,328
Ford Motor Credit Co. 2.597% 2019 3,000,000 2,967,537
Ford Motor Credit Co. 3.157% 2020 1,000,000 980,141
Ford Motor Credit Co. 3.20% 2021 2,250,000 2,181,164
France Télécom 4.125% 2021 5,000,000 5,102,865
Freddie Mac 0% 2045 1,182,657 1,191,496
Freddie Mac 3.00% 2037 30,374,532 30,056,480
Freddie Mac 3.00% 2046 8,629,407 8,485,537
Freddie Mac 3.50% 2047 43,179,191 43,196,160
Freddie Mac 3.50% 2047 4,297,164 4,304,718
Freddie Mac 3.50% 2047 12,188,189 12,192,979
Freddie Mac 3.50% 2047 23,779,886 23,789,231
Freddie Mac 3.50% 2047 45,314,476 45,332,285
Freddie Mac 4.00% 2042 4,335,787 4,463,251
Freddie Mac 4.00% 2043 2,171,793 2,233,231
Freddie Mac 4.00% 2043 2,424,459 2,501,297
Freddie Mac 4.00% 2043 5,927,886 6,089,486
Freddie Mac 4.00% 2045 13,610,567 13,981,673
Freddie Mac 4.00% 2045 13,935,185 14,315,155
Freddie Mac 4.00% 2048 6,029,095 6,150,473
Freddie Mac 4.00% 2048 34,855,625 35,557,931
Freddie Mac 4.00% 2048 50,003,131 51,009,394
Freddie Mac 4.50% 2039 201,234 210,539
Freddie Mac 4.50% 2046 1,160,302 1,203,462
Freddie Mac 4.50% 2046 2,147,356 2,227,350
Freddie Mac 4.50% 2049 2,000,000 2,071,128
Freddie Mac 5.00% 2038 1,082,897 1,146,694
Freddie Mac 5.00% 2040 1,920,230 2,034,122
Freddie Mac 6.50% 2038 131,366 146,087
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 2.75% 2056 5,865,307 5,709,601
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 2.50% 2056 11,265,618 11,075,387
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 2056 10,708,396 10,342,918
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 2.50% 2056 2,540,841 2,523,119
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 2.50% 2057 1,903,650 1,855,105
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 2057 1,481,272 1,471,799
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 2057 3,736,457 3,697,012
Freddie Mac, Series K019, Class A2, Multi Family, 2.272% 2022 4,000,000 3,935,152
Freddie Mac, Series K021, Class A2, Multi Family, 2.396% 2022 3,680,000 3,626,809
Freddie Mac, Series K034, Class A1, Multi Family, 2.669% 2023 1,495,041 1,492,197
Freddie Mac, Series K044, Class A2, Multi Family, 2.811% 2025 4,265,000 4,212,673
Freddie Mac, Series K047, Class A2, Multi Family, 3.329% 2025 4,000,000 4,060,112
Freddie Mac, Series K055, Class A2, Multi Family, 2.673% 2026 10,050,000 9,759,123
Freddie Mac, Series K057, Class A2, Multi Family, 2.57% 2026 4,855,000 4,669,714
Freddie Mac, Series K063, Class A2, Multi Family, 3.43% 2027 4,375,000 4,439,072
Freddie Mac, Series K066, Class A2, Multi Family, 3.117% 2027 4,755,000 4,712,723
Freddie Mac, Series K067, Class A2, Multi Family, 3.194% 2027 17,070,000 16,994,414
Freddie Mac, Series K069, Class A2, Multi Family, 3.187% 2027 2,280,000 2,264,289
Freddie Mac, Series K070, Class A2, Multi Family, 3.303% 2027 6,465,000 6,471,290
Freddie Mac, Series K072, Class A2, Multi Family, 3.444% 2027 1,980,000 2,002,754
Freddie Mac, Series K073, Class A2, Multi Family, 3.35% 2028 3,571,000 3,585,962
Freddie Mac, Series K075, Class A2, Multi Family, 3.65% 2028 5,900,000 6,061,400
Freddie Mac, Series K076, Class A2, Multi Family, 3.9% 2028 16,930,000 17,714,536
Freddie Mac, Series K077, Class A2, Multi Family, 3.90% 2028 3,840,000 4,003,473
Freddie Mac, Series K080, Class A2, Multi Family, 3.926% 2028 13,970,000 14,645,799
Freddie Mac, Series K085, Class A2, Multi Family, 4.06% 2028 5,042,000 5,334,436
Freddie Mac, Series K723, Class A2, Multi Family, 2.454% 2023 3,025,000 2,963,211
Freddie Mac, Series K725, Class A2, Multi Family, 3.002% 2024 5,555,000 5,565,993
Freddie Mac, Series K733, Class A2, Multi Family, 3.75% 2025 13,000,000 13,481,728
Freddie Mac, Series KS01, Class A1, Multi Family, 1.693% 2022 1,296,419 1,276,745
Freddie Mac, Series T-041, Class 3A, 5.487% 2032 296,112 315,747
Freeport-McMoRan Inc. 3.55% 2022 13,160,000 12,485,550
Frontier Communications Corp. 10.50% 2022 4,790,000 3,353,000
Frontier Communications Corp. 11.00% 2025 22,250,000 13,960,763
G.O. Bonds, Pension Funding Series 2003, 5.10% 2033 5,000,000 4,774,900
General Dynamics Corp. 3.375% 2023 3,106,000 3,129,165
General Dynamics Corp. 3.50% 2025 4,804,000 4,790,554
General Electric Co. 2.70% 2022 6,535,000 6,069,009
General Electric Co. 4.125% 2042 2,500,000 1,956,773
General Mills, Inc. (3-month USD-LIBOR + 0.54%) 2.976% 2021 1,795,000 1,767,736
General Mills, Inc. 3.70% 2023 395,000 393,097
General Motors Co. 5.40% 2048 2,600,000 2,224,396
General Motors Co. 6.75% 2046 250,000 243,018
General Motors Financial Co. 2.35% 2019 3,500,000 3,470,068
General Motors Financial Co. 3.45% 2022 3,625,000 3,508,094
General Motors Financial Co. 3.45% 2022 2,000,000 1,939,346
General Motors Financial Co. 3.50% 2024 6,600,000 6,013,702
General Motors Financial Co. 3.70% 2020 6,355,000 6,331,429
General Motors Financial Co. 4.30% 2025 1,250,000 1,186,353
General Motors Financial Co. 4.35% 2027 1,000,000 922,440
Genesis Energy, LP 6.50% 2025 2,725,000 2,411,625
Genesis Energy, LP 6.75% 2022 4,425,000 4,336,500
Georgia-Pacific Corp. 2.539% 2019 7,000,000 6,947,976
GlaxoSmithKline PLC 3.625% 2025 3,585,000 3,612,518
Global SC Finance II SRL, Series 2013-1A, Class A, 2.98% 2028 108,333 106,824
Global SC Finance II SRL, Series 2014-1A, Class A1, 3.19% 2029 248,458 245,556
Global SC Finance II SRL, Series 2017-1A, Class A, 3.85% 2037 1,658,836 1,662,401
Gogo Inc. 12.50% 2022 21,905,000 23,505,817
Gogo Inc., convertible notes 6.00% 2022 1,390,000 1,271,452
Goldman Sachs Group, Inc. 2.55% 2019 4,000,000 3,975,568
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022) 5,872,000 5,597,091
Goldman Sachs Group, Inc. 3.00% 2022 4,750,000 4,602,038
Goldman Sachs Group, Inc. 3.691% 2028 (3-month USD-LIBOR + 1.51% on 6/5/2027) 2,000,000 1,861,756
Goldman Sachs Group, Inc. 4.223% 2029 (3-month USD-LIBOR + 1.301% on 5/1/2028) 755,000 728,416
Goldman Sachs Group, Inc. 5.25% 2021 200,000 207,685
Government National Mortgage Assn. 3.50% 2049 47,750,000 48,079,380
Government National Mortgage Assn. 4.00% 2048 1,792,098 1,841,606
Government National Mortgage Assn. 4.00% 2048 15,780,554 16,216,445
Government National Mortgage Assn. 4.00% 2049 58,304,436 59,712,255
Government National Mortgage Assn. 4.00% 2049 38,945,564 39,852,489
Government National Mortgage Assn. 4.50% 2049 30,730,000 31,803,430
Great Plains Energy Inc. 4.20% 2047 2,100,000 2,034,629
Groupe BPCE SA 2.75% 2023 1,200,000 1,151,701
Groupe BPCE SA 5.15% 2024 3,000,000 3,015,816
Groupe BPCE SA 5.70% 2023 4,460,000 4,626,385
H.I.G. Capital, LLC 6.75% 2024 2,366,000 2,087,995
HCA Inc. 5.875% 2023 2,125,000 2,156,875
HSBC Holdings PLC 3.262% 2023 (3-month USD-LIBOR + 1.055% on 3/13/2022) 3,000,000 2,937,162
HSBC Holdings PLC 3.64% 2024 1,500,000 1,461,813
HSBC Holdings PLC 3.95% 2024 (3-month USD-LIBOR + 0.987% on 5/18/2023) 1,250,000 1,243,918
HSBC Holdings PLC 4.25% 2024 3,000,000 2,980,464
HSBC Holdings PLC 4.30% 2026 200,000 197,559
HSBC Holdings PLC 4.583% 2029 (3-month USD-LIBOR + 1.535% on 6/19/2028) 5,250,000 5,213,030
HUB International Ltd., 7.00% 2026 165,000 150,150
Halliburton Co. 3.80% 2025 535,000 519,618
Hanesbrands Inc. 4.625% 2024 660,000 622,050
Hanesbrands Inc. 4.875% 2026 2,700,000 2,446,875
Hardwoods Acquisition Inc 7.50% 2021 2,328,000 1,676,160
Healthsouth Corp. 5.75% 2024 6,850,000 6,807,188
Healthsouth Corp. 5.75% 2025 3,285,000 3,219,300
Hertz Global Holdings Inc. 7.625% 2022 9,150,000 8,646,750
Holcim Ltd. 5.15% 2023 7,395,000 7,622,455
Home Depot, Inc 3.25% 2022 2,350,000 2,375,349
Home Depot, Inc. 1.80% 2020 3,290,000 3,243,111
Home Depot, Inc. 3.90% 2028 1,325,000 1,359,629
Home Depot, Inc. 4.25% 2046 3,500,000 3,501,474
Home Depot, Inc. 4.50% 2048 1,600,000 1,660,354
Hospitality Properties Trust 3.95% 2028 3,825,000 3,455,643
Hospitality Properties Trust 4.50% 2023 2,295,000 2,316,490
Hospitality Properties Trust 4.50% 2025 325,000 317,093
Hospitality Properties Trust 4.95% 2027 1,000,000 981,996
Host Hotels & Resorts LP 4.50% 2026 705,000 701,626
Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2013-2-A, AMT, 4.00% 2043 20,000 20,634
Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2014-F, 4.00% 2034 10,000 10,104
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2013-A, AMT, 3.00% 2031 5,000 5,036
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2014-A, 4.00% 2038 180,000 186,615
Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 167, 4.00% 2043 5,000 5,150
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-A-1, 4.00% 2044 50,000 51,548
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-C-1, 4.00% 2044 70,000 72,323
Housing Fin. Auth., Mortgage Rev. Ref. Bonds, Series 2014, AMT, 4.00% 2041 55,000 56,978
Huntsman International LLC 4.875% 2020 2,210,000 2,226,575
Icahn Enterprises Finance Corp. 6.25% 2022 5,675,000 5,618,250
Imperial Tobacco Finance PLC 3.50% 2023 4,000,000 3,888,584
Infor Software 7.125% 2021 4,300,000 4,203,250
Inmarsat PLC 4.875% 2022 9,000,000 8,515,890
Inmarsat PLC 6.50% 2024 2,550,000 2,390,625
Intelsat Jackson Holding Co. 6.625% 2024 1,400,000 1,389,063
Intelsat Jackson Holding Co. 8.00% 2024 3,075,000 3,174,938
Intelsat Jackson Holding Co. 8.50% 2024 9,225,000 8,994,375
International Paper Co. 7.30% 2039 2,005,000 2,372,547
Intesa Sanpaolo SpA 3.375% 2023 1,500,000 1,390,731
Intesa Sanpaolo SpA 3.875% 2028 1,500,000 1,284,150
Intesa Sanpaolo SpA 5.017% 2024 3,980,000 3,605,526
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2013-A, 3.00% 2043 15,000 15,122
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2013-C, 4.50% 2043 10,000 10,069
Iron Mountain Inc. 4.875% 2027 1,780,000 1,561,950
JPMorgan Chase & Co. 2.55% 2021 497,000 490,125
JPMorgan Chase & Co. 2.70% 2023 125,000 120,132
JPMorgan Chase & Co. 3.25% 2022 180,000 178,655
JPMorgan Chase & Co. 3.54% 2028 (3-month USD-LIBOR + 1.38% on 5/1/2027) 3,000,000 2,865,174
JPMorgan Chase & Co. 3.559% 2024 (3-month USD-LIBOR + 0.73% on 4/23/2023) 4,725,000 4,691,769
JPMorgan Chase & Co. 4.203% 2024 (3-month USD-LIBOR + 1.00% on 12/05/2023) 6,026,000 6,080,963
JPMorgan Chase & Co. 4.203% 2029 (3-month USD-LIBOR + 1.26% on 07/23/2028) 9,000,000 8,988,633
JPMorgan Chase & Co., Series Z, junior subordinated 5.30% (undated) (3-month USD-LIBOR + 3.80% on 5/1/2020) 3,200,000 3,168,000
Jaguar Holding Co. 6.375% 2023 1,600,000 1,532,944
Johnson & Johnson 2.45% 2026 5,285,000 4,970,289
Jonah Energy LLC 7.25% 2025 2,950,000 1,917,500
Keurig Dr. Pepper Inc. 4.597% 2028 1,691,000 1,682,408
Keurig Dr. Pepper Inc. 4.985% 2038 5,351,000 5,151,274
Keurig Dr. Pepper Inc. 5.085% 2048 1,779,000 1,700,256
KfW 2.125% 2022 375,000 368,839
Kinder Morgan Energy Partners, LP 3.50% 2021 40,000 39,919
Kinder Morgan Energy Partners, LP 5.40% 2044 1,380,000 1,325,155
Kinder Morgan Energy Partners, LP 5.50% 2044 3,578,000 3,474,997
Kinder Morgan, Inc. 3.05% 2019 2,520,000 2,506,067
Kinder Morgan, Inc. 4.30% 2028 5,750,000 5,655,620
Kinder Morgan, Inc. 5.05% 2046 1,500,000 1,376,681
Kinder Morgan, Inc. 5.20% 2048 3,362,000 3,229,551
Kinetic Concepts, Inc. 12.50% 2021 2,370,000 2,547,750
Kronos Inc., Term Loan B, (3-month USD-LIBOR + 8.25%) 9.25% 2024 3,000,000 2,971,407
LB-UBS Commercial Mortgage Trust, Series 2007-C6, Class AM, 6.114% 2040 129,986 130,153
LSB Industries, Inc. 9.625% 2023 2,860,000 2,917,200
LSC Communications, Inc. 8.75% 2023 3,475,000 3,583,594
Liberty Global PLC 5.50% 2028 2,725,000 2,472,938
Ligado Networks, Term Loan, (3-month USD-LIBOR + 8.75%) 11.516% 2020 14,161,612 9,700,704
Limited Brands, Inc. 5.25% 2028 1,160,000 993,250
Limited Brands, Inc. 6.875% 2035 885,000 743,577
Lloyds Banking Group PLC 2.907% 2023 (3-month USD-LIBOR + 0.81% on 11/7/2022) 1,525,000 1,443,268
Lloyds Banking Group PLC 3.00% 2022 4,000,000 3,872,104
Lloyds Banking Group PLC 4.375% 2028 2,150,000 2,044,674
Lloyds Banking Group PLC 4.45% 2025 1,600,000 1,591,600
Lloyds Banking Group PLC 4.582% 2025 1,500,000 1,422,774
Lockheed Martin Corp. 2.50% 2020 6,015,000 5,950,591
Lockheed Martin Corp. 3.10% 2023 545,000 540,656
Lockheed Martin Corp. 3.55% 2026 3,490,000 3,470,117
Lowe's Companies, Inc. 2.50% 2026 2,720,000 2,418,382
MASTR Alternative Loan Trust, Series 2004-2, Class 2A1, 6.00% 2034 752,751 792,222
MERCK & CO INC 4(2) CP 1/23/2019 49,000,000 48,923,364
MERCK & CO INC 4(2) CP 2/25/2019 50,000,000 49,805,250
MERCK & CO INC 4(2) CP 2/27/2019 50,000,000 49,797,800
MGM Resorts International 7.75% 2022 1,700,000 1,812,625
MPLX LP 4.125% 2027 1,000,000 954,246
MPLX LP 4.50% 2038 3,000,000 2,630,946
Mallinckrodt PLC 4.875% 2020 10,990,000 10,660,300
Manitoba (Province of) 3.05% 2024 2,600,000 2,613,000
Marathon Oil Corp. 4.40% 2027 2,030,000 1,933,340
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 3.75%) 6.272% 2024 2,946,890 2,882,058
McDonald's Corp. 3.35% 2023 820,000 816,606
McDonald's Corp. 3.50% 2027 830,000 807,963
McDonald's Corp. 4.875% 2045 1,600,000 1,623,786
Medtronic, Inc. 3.50% 2025 3,000,000 2,991,921
Medtronic, Inc. 4.375% 2035 4,537,000 4,658,024
Medtronic, Inc. 4.625% 2045 3,260,000 3,430,491
Mello Warehouse Securitization Trust, 2018-W1, Class A (1-month USD-LIBOR + 0.85%) 3.356% 2051 1,690,000 1,693,732
Meredith Corp. 6.875% 2026 825,000 808,500
Meritage Homes Corp. 5.125% 2027 2,675,000 2,280,438
Metropolitan Life Global Funding I 1.95% 2021 2,500,000 2,414,540
Metropolitan Life Global Funding I 2.50% 2020 8,000,000 7,904,960
Microsoft Corp. 4.10% 2037 1,000,000 1,030,033
Microsoft Corp. 4.20% 2035 6,000,000 6,237,564
MidAmerican Energy Holdings Co. 2.40% 2019 1,500,000 1,498,424
MidAmerican Energy Holdings Co. 3.10% 2027 2,000,000 1,949,812
Molina Healthcare, Inc. 4.875% 2025 5,242,000 4,802,983
Molina Healthcare, Inc. 5.375% 2022 12,235,000 11,852,656
Molson Coors Brewing Co. 1.45% 2019 425,000 420,715
Molson Coors Brewing Co. 1.90% 2019 2,015,000 2,009,366
Molson Coors Brewing Co. 2.10% 2021 165,000 159,176
Molson Coors Brewing Co. 2.25% 2020 1,725,000 1,701,775
Molson Coors Brewing Co. 3.00% 2026 460,000 410,560
Molson Coors Brewing Co. 4.20% 2046 2,250,000 1,878,858
Morgan Stanley 2.50% 2021 3,000,000 2,940,630
Morgan Stanley 3.125% 2026 675,000 623,633
Morgan Stanley 3.625% 2027 2,775,000 2,641,495
Morgan Stanley 3.737% 2024 (3-month USD-LIBOR + 0.847% on 4/24/2023) 4,500,000 4,470,030
Morgan Stanley 3.772% 2029 (3-month USD-LIBOR + 1.14% on 1/24/2028) 2,325,000 2,228,343
Morgan Stanley 3.875% 2026 2,650,000 2,588,340
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class ASB, 3.04% 2048 1,180,000 1,177,102
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C27, Class ASB, 3.557% 2047 1,000,000 1,017,971
Morgan Stanley Capital I Trust, Series 2014-CPT, Class A, 3.35% 2029 2,650,000 2,658,454
Mosaic Co. 3.25% 2022 2,250,000 2,198,921
Mosaic Co. 4.05% 2027 2,125,000 2,020,267
NATIONAL RURAL UTILITIES COOP FINA CP 1/11/2019 30,000,000 29,977,860
NATIONAL RURAL UTILITIES COOP FINA CP 2/6/2019 12,900,000 12,866,854
NBC Universal Enterprise, Inc. 1.974% 2019 100,000 99,686
NGL Energy Partners LP 6.125% 2025 7,435,000 6,431,275
National Australia Bank Ltd. 1.375% 2019 975,000 967,043
National Australia Bank Ltd. 1.875% 2021 975,000 938,665
National Rural Utilities Cooperative Finance Corp. 3.05% 2027 6,000,000 5,758,938
Nationstar HECM Loan Trust, Series 2018-1A, Class A, 2.76% 2028 441,215 441,724
Navient Corp. 4.875% 2019 5,381,000 5,364,184
Navient Corp. 5.50% 2023 7,015,000 6,164,431
Navient Corp. 6.125% 2024 3,225,000 2,781,563
Navient Corp. 6.50% 2022 3,675,000 3,428,922
Nestle Holdings, Inc. 3.50% 2025 4,500,000 4,526,150
New York Life Global Funding 1.70% 2021 1,500,000 1,446,056
New York Life Global Funding 2.35% 2026 1,190,000 1,093,426
Newell Rubbermaid Inc. 2.60% 2019 188,000 187,698
NiSource Finance Corp. 2.65% 2022 675,000 646,784
Noble Corp. PLC 7.95% 2025 3,175,000 2,401,094
Noble Corp. PLC 8.95% 2045 3,525,000 2,696,625
Noble Energy, Inc. 4.95% 2047 2,000,000 1,738,748
Nordea Bank AB 2.50% 2020 4,450,000 4,388,643
Northern States Power Co. 4.125% 2044 6,000,000 6,079,008
Northrop Grumman Corp. 2.93% 2025 3,645,000 3,464,882
Northrop Grumman Corp. 3.25% 2028 4,495,000 4,210,781
Nova Chemicals Corp. 5.25% 2027 4,275,000 3,799,406
Novelis Corp. 5.875% 2026 2,600,000 2,307,500
Orange SA 5.50% 2044 3,000,000 3,222,951
Owens & Minor, Inc. 3.875% 2021 5,920,000 4,440,000
Owens & Minor, Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 0% 2025 1,905,225 1,476,549
PFIZER INC. 4(2) CP 2/11/2019 75,000,000 74,774,850
PNC Bank 1.45% 2019 3,340,000 3,311,613
PNC Bank 2.30% 2020 250,000 246,648
PNC Bank 2.55% 2021 8,000,000 7,807,616
PNC Financial Services Group, Inc. 2.854% 2022 1,445,000 1,416,730
PNC Financial Services Group, Inc. 3.90% 2024 2,000,000 1,985,122
PRIVATE EXPORT FUNDING CORPORATION CP 3/11/2019 25,000,000 24,869,475
PROCTER & GAMBLE COMPANY (THE) 4(2) CP 1/15/2019 50,000,000 49,948,450
PROCTER & GAMBLE COMPANY (THE) 4(2) CP 2/6/2019 20,000,000 19,948,200
PacifiCorp., First Mortgage Bonds, 3.60% 2024 6,695,000 6,762,519
PacifiCorp., First Mortgage Bonds, 4.125% 2049 7,000,000 6,916,651
Pacific Gas and Electric Co. 2.45% 2022 1,500,000 1,336,805
Pacific Gas and Electric Co. 3.30% 2027 2,740,000 2,270,515
Pacific Gas and Electric Co. 3.30% 2027 1,009,000 828,917
Pacific Gas and Electric Co. 3.40% 2024 1,198,000 1,044,851
Pacific Gas and Electric Co. 4.25% 2023 1,500,000 1,397,274
Pacific Gas and Electric Co. 4.65% 2028 2,620,000 2,319,688
Peabody Energy Corp. 6.00% 2022 2,150,000 2,093,563
Peabody Energy Corp. 6.375% 2025 600,000 559,500
Petroleos Mexicanos 6.35% 2048 1,230,000 985,870
Petróleos Mexicanos 5.35% 2028 1,820,000 1,592,500
Petróleos Mexicanos 6.75% 2047 2,495,000 2,069,328
Petsmart Inc., Term Loan B-2, (3-month USD-LIBOR + 3.00%) 5.38% 2022 5,993,943 4,750,200
Petsmart, Inc. 5.875% 2025 17,985,000 13,084,088
Petsmart, Inc. 8.875% 2025 8,790,000 5,142,150
Philip Morris International Inc. 1.875% 2021 2,000,000 1,943,896
Philip Morris International Inc. 2.00% 2020 2,000,000 1,975,130
Philip Morris International Inc. 2.375% 2022 1,960,000 1,884,501
Philip Morris International Inc. 2.625% 2022 2,395,000 2,319,186
Philip Morris International Inc. 3.25% 2024 5,000,000 4,818,115
Philip Morris International Inc. 4.25% 2044 2,050,000 1,876,316
Phillips 66 3.90% 2028 1,645,000 1,593,031
Phillips 66 Partners LP 3.55% 2026 335,000 313,798
Phillips 66 Partners LP 3.75% 2028 1,055,000 976,782
Phillips 66 Partners LP 4.68% 2045 800,000 723,927
Phillips 66 Partners LP 4.90% 2046 550,000 504,413
Pioneer Natural Resources Co. 3.45% 2021 3,345,000 3,336,474
Pisces Parent, LLC 8.00% 2026 4,345,000 3,991,969
Platform Specialty Products Corp. 5.875% 2025 1,675,000 1,574,500
Procter & Gamble Co. 1.70% 2021 825,000 804,165
Prudential Financial, Inc. 3.50% 2024 4,000,000 4,026,548
Public Service Co. of Colorado 2.25% 2022 2,000,000 1,927,600
Public Service Enterprise Group Inc. 2.25% 2026 385,000 352,278
Public Service Enterprise Group Inc. 2.65% 2022 1,900,000 1,829,698
Public Storage 2.37% 2022 1,115,000 1,077,379
Puget Energy, Inc. 3.65% 2025 3,135,000 3,070,309
Puget Energy, Inc. 5.625% 2022 1,965,000 2,082,367
Puget Energy, Inc. 6.00% 2021 1,823,000 1,929,531
Puget Energy, Inc. 6.50% 2020 1,245,000 1,315,639
QGOG Constellation SA 9.50% 2024 855,465 355,018
Qatar (State of) 3.875% 2023 1,490,000 1,509,264
Quebec (Province of) 2.375% 2022 6,232,000 6,162,700
Quebec (Province of) 2.75% 2027 9,000,000 8,691,750
R.R. Donnelley & Sons Co. 6.50% 2023 3,310,000 3,285,175
R.R. Donnelley & Sons Co. 7.875% 2021 1,428,000 1,435,140
Rabobank Nederland 2.75% 2022 2,825,000 2,770,704
Rabobank Nederland 4.375% 2025 5,500,000 5,411,912
Rayonier Advanced Materials Inc. 5.50% 2024 3,304,000 2,924,040
Realogy Corp. 4.875% 2023 1,090,000 953,750
Realogy Corp. 5.25% 2021 3,075,000 2,925,094
Reckitt Benckiser Group PLC 2.375% 2022 2,275,000 2,186,032
Reynolds American Inc. 4.45% 2025 5,705,000 5,510,927
Reynolds American Inc. 5.70% 2035 755,000 739,847
Reynolds American Inc. 5.85% 2045 2,030,000 1,894,209
Roche Holdings, Inc. 1.75% 2022 2,340,000 2,246,494
Roche Holdings, Inc. 2.875% 2021 8,625,000 8,576,450
Roche Holdings, Inc. 3.00% 2025 6,000,000 5,824,530
Roche Holdings, Inc. 3.35% 2024 1,200,000 1,204,630
Rockwell Collins, Inc. 1.95% 2019 1,125,000 1,116,878
Rockwell Collins, Inc. 2.80% 2022 3,025,000 2,942,345
Roper Technologies, Inc. 2.80% 2021 2,065,000 2,024,361
Roper Technologies, Inc. 3.80% 2026 835,000 815,991
Rotech Healthcare Inc., Term Loan B, (3-month USD-LIBOR + 3.75%) 6.087% 2023 3,655,156 3,624,793
Rotech Healthcare Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.41% 2020 7,838,310 7,130,095
Royal Bank of Canada 1.875% 2020 7,000,000 6,927,347
Ryerson Inc. 11.00% 2022 7,690,000 7,766,900
Sabine Pass Liquefaction, LLC 4.20% 2028 1,745,000 1,673,244
Sabine Pass Liquefaction, LLC 5.875% 2026 1,235,000 1,310,087
Sally Holdings LLC and Sally Capital Inc. 5.50% 2023 340,000 328,525
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 5,400,000 4,988,250
Santander Drive Auto Receivables Trust, Series 2015-3, Class C, 2.74% 2021 1,505,297 1,504,518
Santander Drive Auto Receivables Trust, Series 2015-4, Class C, 2.97% 2021 135,182 135,129
Santander Drive Auto Receivables Trust, Series 2016-2, Class C, 2.66% 2021 525,000 523,125
Santander Drive Auto Receivables Trust, Series 2017-1, Class B, 2.10% 2021 663,798 662,224
Santander Drive Auto Receivables Trust, Series 2017-1, Class C, 2.58% 2022 1,718,000 1,708,762
Saudi Arabia (Kingdom of) 3.625% 2028 2,060,000 1,953,241
Scentre Group 3.25% 2025 2,000,000 1,905,486
Scentre Group 3.50% 2025 4,075,000 3,952,652
Scentre Group 3.75% 2027 2,930,000 2,833,166
Schlumberger BV 3.625% 2022 2,800,000 2,790,315
Schlumberger BV 4.00% 2025 2,636,000 2,606,983
Seasoned Loan Structured Transaction, Series 2018-2, Class A1, 2028 4,567,633 4,490,714
Sequoia Mortgage Trust, Series 2018-CH1, Class A1, 4.00% 2048 4,468,415 4,520,222
Shell International Finance BV 1.875% 2021 2,000,000 1,948,566
Shell International Finance BV 2.25% 2020 1,965,000 1,941,723
Shell International Finance BV 3.50% 2023 6,895,000 6,976,037
Shell International Finance BV 3.875% 2028 4,125,000 4,246,803
Sherwin-Williams Co. 2.25% 2020 2,250,000 2,215,967
Sherwin-Williams Co. 2.75% 2022 1,185,000 1,147,959
Sherwin-Williams Co. 3.125% 2024 550,000 525,767
Sherwin-Williams Co. 3.45% 2027 1,395,000 1,303,436
Shire PLC 2.40% 2021 4,498,000 4,352,134
Shire PLC 2.875% 2023 3,413,000 3,229,667
Shire PLC 3.20% 2026 1,500,000 1,360,370
Siemens AG 2.70% 2022 5,360,000 5,261,001
Sierra Pacific Power Co., General and Refunding Mortgage Notes, Series T, 3.375% 2023 3,500,000 3,499,157
Sirius XM Radio Inc. 3.875% 2022 3,450,000 3,319,418
Skandinaviska Enskilda Banken AB 1.875% 2021 3,350,000 3,221,481
Skandinaviska Enskilda Banken AB 2.625% 2021 250,000 246,845
Skandinaviska Enskilda Banken AB 2.80% 2022 1,400,000 1,372,312
South Carolina Electric & Gas Co. 4.10% 2046 2,595,000 2,436,043
Staples Inc. 8.50% 2025 1,915,000 1,737,288
Starbucks Corp. 3.10% 2023 2,688,000 2,649,959
Starbucks Corp. 4.50% 2048 1,745,000 1,633,119
Starwood Property Trust, Inc. 5.00% 2021 2,700,000 2,659,500
Statoil ASA 2.75% 2021 1,925,000 1,910,164
Statoil ASA 3.25% 2024 2,850,000 2,840,096
Statoil ASA 4.25% 2041 2,000,000 1,990,938
Sunoco LP 4.875% 2023 990,000 967,725
Symphony Ltd., Series 2013-12A, CLO, Class AR, (3-month USD-LIBOR + 1.03%) 3.466% 2025 8,180,760 8,154,908
Synchrony Credfit Card Master Note Trust, Series 2018-A1, Class A1, 3.38% 2024 8,930,000 9,015,103
TAL Advantage V LLC, Series 2013-2A, Class A, 3.55% 2038 1,288,167 1,283,453
TAL Advantage V LLC, Series 2014-1A, Class A, 3.51% 2039 1,188,333 1,182,569
Takeda Pharmaceutical Co., Ltd. 4.40% 2023 13,370,000 13,530,119
Takeda Pharmaceutical Co., Ltd. 5.00% 2028 3,750,000 3,839,689
Talen Energy Corp. 10.50% 2026 675,000 577,125
Talen Energy Corp. 9.50% 2022 2,795,000 2,822,950
Tampa Electric Co. 4.35% 2044 3,805,000 3,679,758
Targa Resources Partners LP 4.125% 2019 6,255,000 6,215,906
Targa Resources Partners LP 6.75% 2024 2,065,000 2,103,719
Team Health Holdings, Inc. 6.375% 2025 4,660,000 3,827,025
Teekay Corp. 8.50% 2020 17,530,000 16,806,888
Teekay Offshore Partners L.P. 8.50% 2023 3,400,000 3,332,000
Tenet Healthcare Corp. 4.375% 2021 3,650,000 3,549,625
Tenet Healthcare Corp. 4.50% 2021 4,500,000 4,398,750
Tenet Healthcare Corp. 4.625% 2024 3,153,000 2,944,114
Tenet Healthcare Corp. 4.75% 2020 3,290,000 3,294,442
Tenet Healthcare Corp., 6.00% 2020 11,580,000 11,768,175
Teva Pharmaceutical Finance Co. BV 2.80% 2023 6,896,000 5,944,938
Teva Pharmaceutical Finance Co. BV 3.15% 2026 27,048,000 20,687,879
Teva Pharmaceutical Finance Co. BV 4.10% 2046 3,550,000 2,357,402
Teva Pharmaceutical Finance Company BV 2.20% 2021 7,965,000 7,325,665
Teva Pharmaceutical Finance Company BV 6.00% 2024 1,780,000 1,718,855
Thermo Fisher Scientific Inc. 4.15% 2024 2,000,000 2,028,022
Time Warner Inc. 3.80% 2027 605,000 568,953
Total Capital SA 3.883% 2028 7,500,000 7,721,820
Towd Point Mortgage Trust, Series 2017-1, Class A1, 0% 2056 4,229,200 4,153,353
Toyota Motor Credit Corp. 3.05% 2028 2,430,000 2,348,925
TransCanada PipeLines Ltd. 4.25% 2028 2,190,000 2,174,300
TransCanada PipeLines Ltd. 4.75% 2038 8,000,000 7,743,304
TransCanada PipeLines Ltd. 4.875% 2048 3,000,000 2,937,534
Transocean Inc. 9.00% 2023 3,454,000 3,449,683
Travelers Companies, Inc. 4.00% 2047 1,735,000 1,672,006
Trilogy International Partners, LLC 8.875% 2022 10,350,000 10,039,500
Triton Container Finance LLC, Series 2017-1A, Class A, 3.52% 2042 2,081,096 2,054,491
Triton Container Finance LLC, Series 2017-2A, Class A, 3.62% 2042 1,797,404 1,766,172
Tronox Ltd. 6.50% 2026 1,550,000 1,292,313
U S TREASURY BILL 1/15/2019 20,300,000 20,283,287
U S TREASURY BILL 1/17/2019 70,000,000 69,933,206
U S TREASURY BILL 1/22/2019 50,000,000 49,935,000
U S TREASURY BILL 1/31/2019 35,000,000 34,937,130
U S TREASURY BILL 2/12/2019 27,700,000 27,626,742
U S TREASURY BILL 2/14/2019 70,400,000 70,192,313
U S TREASURY BILL 2/19/2019 115,000,000 114,639,280
U S TREASURY BILL 2/28/2019 50,000,000 49,813,165
U S TREASURY BILL 2/7/2019 51,800,000 51,678,270
U S TREASURY BILL 3/7/2019 170,000,000 169,289,774
U.S. Treasury 1.125% 2019 35,000,000 34,924,750
U.S. Treasury 1.125% 2021 42,000,000 40,557,720
U.S. Treasury 1.25% 2020 78,000,000 76,812,060
U.S. Treasury 1.25% 2020 298,117,000 293,842,002
U.S. Treasury 1.375% 2020 35,000,000 34,520,150
U.S. Treasury 1.375% 2020 46,500,000 45,835,050
U.S. Treasury 1.375% 2021 49,410,000 48,295,805
U.S. Treasury 1.375% 2023 5,000,000 4,754,100
U.S. Treasury 1.375% 2023 8,000,000 7,596,880
U.S. Treasury 1.50% 2019 400,000,000 399,688,000
U.S. Treasury 1.50% 2019 39,825,000 39,420,378
U.S. Treasury 1.50% 2020 500,000 492,820
U.S. Treasury 1.50% 2026 500,000 461,330
U.S. Treasury 1.625% 2020 125,000,000 123,237,500
U.S. Treasury 1.625% 2020 10,000,000 9,890,300
U.S. Treasury 1.625% 2023 18,000,000 17,361,540
U.S. Treasury 1.625% 2023 5,000,000 4,818,150
U.S. Treasury 1.625% 2026 7,000,000 6,554,030
U.S. Treasury 1.625% 2026 1,500,000 1,400,970
U.S. Treasury 1.75% 2019 3,800,000 3,775,794
U.S. Treasury 1.75% 2021 9,500,000 9,312,185
U.S. Treasury 1.875% 2022 100,000,000 98,228,000
U.S. Treasury 1.875% 2022 8,000,000 7,830,560
U.S. Treasury 1.875% 2022 5,000,000 4,899,100
U.S. Treasury 2.00% 2022 25,000,000 24,559,000
U.S. Treasury 2.00% 2024 12,000,000 11,686,440
U.S. Treasury 2.00% 2024 7,500,000 7,294,950
U.S. Treasury 2.00% 2025 44,800,000 43,202,432
U.S. Treasury 2.00% 2026 8,000,000 7,637,520
U.S. Treasury 2.125% 2022 37,000,000 36,497,910
U.S. Treasury 2.125% 2024 52,500,000 51,505,125
U.S. Treasury 2.125% 2024 10,250,000 10,018,965
U.S. Treasury 2.125% 2024 5,000,000 4,892,400
U.S. Treasury 2.125% 2024 10,000,000 9,805,100
U.S. Treasury 2.25% 2021 9,730,000 9,680,182
U.S. Treasury 2.25% 2023 5,000,000 4,938,100
U.S. Treasury 2.25% 2024 5,000,000 4,936,500
U.S. Treasury 2.25% 2027 126,075,000 122,451,605
U.S. Treasury 2.375% 2023 5,000,000 4,977,950
U.S. Treasury 2.375% 2024 70,000,000 69,381,900
U.S. Treasury 2.375% 2027 880,000 862,127
U.S. Treasury 2.50% 2020 15,000,000 14,990,400
U.S. Treasury 2.50% 2023 29,000,000 29,008,990
U.S. Treasury 2.50% 2024 700,000 698,908
U.S. Treasury 2.50% 2025 3,500,000 3,487,295
U.S. Treasury 2.50% 2046 5,000,000 4,519,700
U.S. Treasury 2.625% 2025 4,966,000 4,981,494
U.S. Treasury 2.625% 2025 27,300,000 27,368,250
U.S. Treasury 2.75% 2023 31,326,000 31,655,236
U.S. Treasury 2.75% 2023 76,600,000 77,431,876
U.S. Treasury 2.75% 2025 3,229,200 3,262,235
U.S. Treasury 2.750% 2021 19,232,000 19,372,778
U.S. Treasury 2.875% 2028 5,217,100 5,301,513
U.S. Treasury 2.875% 2046 103,550,000 100,826,635
U.S. Treasury 3.00% 2047 70,000,000 69,894,300
U.S. Treasury 3.00% 2047 12,460,000 12,424,738
U.S. Treasury 3.00% 2048 451,200 449,472
U.S. Treasury 3.00% 2048 22,431,500 22,359,944
U.S. Treasury 3.125% 2028 239,000 248,199
U.S. Treasury 4.75% 2041 15,000,000 19,401,600
U.S. Treasury Inflation-Protected Security 0.125% 2021 39,901,312 38,815,029
U.S. Treasury Inflation-Protected Security 0.125% 2024 692,192 664,281
U.S. Treasury Inflation-Protected Security 0.125% 2026 21,097,800 19,813,140
U.S. Treasury Inflation-Protected Security 0.25% 2025 1,702,774 1,630,710
U.S. Treasury Inflation-Protected Security 0.375% 2027 18,580,168 17,654,044
U.S. Treasury Inflation-Protected Security 0.375% 2027 5,168,400 4,912,660
U.S. Treasury Inflation-Protected Security 0.50% 2028 61,506,000 58,732,740
U.S. Treasury Inflation-Protected Security 0.625% 2023 76,348,500 75,161,100
U.S. Treasury Inflation-Protected Security 0.625% 2024 221,278,661 217,968,333
U.S. Treasury Inflation-Protected Security 0.75% 2028 17,628,275 17,266,778
U.S. Treasury Inflation-Protected Security 0.75% 2042 19,235,566 17,489,336
U.S. Treasury Inflation-Protected Security 0.875% 2047 15,712,500 14,447,310
U.S. Treasury Inflation-Protected Security 1.00% 2046 5,335,800 5,068,005
U.S. Treasury Inflation-Protected Security 1.375% 2044 139,171,853 144,106,588
U.S. Treasury Inflation-Protected Security 2.375% 2025 201,216 217,543
UBS Group AG 4.125% 2025 2,750,000 2,734,795
UDR, Inc. 2.95% 2026 1,510,000 1,394,946
UNITED PARCEL SERVICE INC 4(2) CP 1/14/2019 50,000,000 49,954,500
UNITED PARCEL SERVICE INC 4(2) CP 1/16/2019 75,000,000 74,921,625
UNITED PARCEL SERVICE INC 4(2) CP 1/22/2019 50,000,000 49,927,050
US Bancorp 2.375% 2026 4,000,000 3,653,652
US Bancorp 2.625% 2022 1,805,000 1,774,580
US Bancorp 3.40% 2023 5,675,000 5,680,550
US Bancorp 3.70% 2024 7,000,000 7,112,875
Uber Technologies, Inc. 8.00% 2026 5,075,000 4,910,063
Ultra Petroleum Corp. 11.00% 2024 4,670,000 3,619,250
UniCredit SPA 5.861% 2032 4,800,000 4,229,290
UniCredit SpA 3.75% 2022 8,350,000 8,044,833
UniCredit SpA 4.625% 2027 1,250,000 1,146,308
Union Pacific Corp. 3.75% 2025 5,030,000 5,087,116
Union Pacific Corp. 3.95% 2028 3,750,000 3,754,718
Unisys Corp. 10.75% 2022 3,125,000 3,433,594
United Technologies Corp. 3.125% 2027 7,000,000 6,480,789
United Technologies Corp. 3.65% 2023 3,069,000 3,060,005
United Technologies Corp. 3.95% 2025 5,306,000 5,274,891
United Technologies Corp. 4.125% 2028 1,355,000 1,348,174
Valeant Pharmaceuticals International, Inc. 6.125% 2025 22,525,000 19,709,375
Valeant Pharmaceuticals International, Inc. 9.00% 2025 800,000 799,000
Valeant Pharmaceuticals International, Inc. 9.25% 2026 4,060,000 4,070,150
Venator Materials Corp. 5.75% 2025 3,310,000 2,664,550
Veritas Holdings Limited 7.50% 2023 1,275,000 1,045,500
Verizon Communications Inc. 4.40% 2034 1,959,000 1,895,248
Verizon Communications Inc. 4.50% 2033 2,000,000 1,981,048
Verizon Communications Inc. 4.862% 2046 2,250,000 2,222,503
Verizon Owner Trust, Series 2016-2A, Class A, 1.68% 2021 5,274,686 5,244,973
Verizon Owner Trust, Series 2017-1A, Class A, 2.06% 2021 8,215,000 8,155,195
Verizon Owner Trust, Series 2017-2A, Class A, 1.92% 2021 7,900,000 7,820,810
Vine Oil & Gas LP 8.75% 2023 2,500,000 1,987,500
Virgin Australia Holdings Ltd. 8.50% 2019 2,500,000 2,529,375
Virginia Electric and Power Co. 2.95% 2026 1,700,000 1,614,663
Virginia Electric and Power Co. 3.50% 2027 4,300,000 4,244,556
Virginia Electric and Power Co. 4.60% 2048 2,650,000 2,779,296
Visa Inc. 2.80% 2022 2,000,000 1,975,896
Visa Inc. 3.15% 2025 10,000,000 9,840,780
Vodafone Group PLC 3.75% 2024 5,550,000 5,476,096
Vodafone Group PLC 4.125% 2025 11,500,000 11,381,539
Vodafone Group PLC 4.375% 2028 2,250,000 2,188,109
Vodafone Group PLC 5.00% 2038 1,500,000 1,411,274
Vodafone Group PLC 5.25% 2048 1,500,000 1,415,163
Volkswagen Group of America Finance, LLC 4.00% 2021 4,988,000 5,001,348
Volkswagen Group of America Finance, LLC 4.25% 2023 8,955,000 8,890,694
Volkswagen Group of America Finance, LLC 4.625% 2025 6,735,000 6,670,586
WALMART INC 4(2) CP 1/14/2019 45,000,000 44,957,385
WALMART INC 4(2) CP 1/7/2019 10,000,000 9,995,420
WEA Finance LLC 2.70% 2019 200,000 199,138
WEA Finance LLC 3.25% 2020 4,805,000 4,798,662
Wal-Mart Stores, Inc. 3.40% 2023 6,580,000 6,651,446
Wal-Mart Stores, Inc. 3.70% 2028 2,769,000 2,814,323
Warrior Met Coal, Inc. 8.00% 2024 1,975,000 1,965,125
Weatherford International PLC 4.50% 2022 6,365,000 3,755,350
Weatherford International PLC 6.50% 2036 7,595,000 3,987,375
Weatherford International PLC 6.75% 2040 7,825,000 4,069,000
Weatherford International PLC 8.25% 2023 5,800,000 3,523,500
Weatherford International PLC 9.875% 2024 1,000,000 620,000
Weatherford International PLC 9.875% 2025 2,550,000 1,561,875
Wells Fargo & Co. 2.50% 2021 7,500,000 7,381,650
Wells Fargo & Co. 3.00% 2026 4,500,000 4,199,454
Wells Fargo & Co. 3.00% 2026 1,750,000 1,622,549
Wells Fargo & Co. 3.069% 2023 3,750,000 3,654,386
Wells Fargo & Co. 3.55% 2023 8,000,000 7,975,664
Wells Fargo & Co. 3.584% 2028 (3-month USD-LIBOR + 1.31% on 5/15/2027) 434,000 417,353
Welltower Inc. 3.95% 2023 2,675,000 2,684,285
Western Gas Partners LP 4.65% 2026 925,000 896,365
Westfield Corp. Ltd. 3.15% 2022 5,615,000 5,532,656
Westlake Chemical Corp. 4.375% 2047 2,915,000 2,455,313
Westpac Banking Corp. 2.15% 2020 12,000,000 11,871,888
Westpac Banking Corp. 2.75% 2023 3,500,000 3,398,084
Wheels SPV 2 LLC, Series 2016-1A, Class A2, 1.59% 2025 127,893 127,550
Williams Partners LP 3.60% 2022 1,500,000 1,473,774
Williams Partners LP 4.30% 2024 160,000 159,614
Wind Tre SpA 5.00% 2026 6,500,000 5,386,940
World Financial Network Credit Card Master Note Trust, Series 2012-A, Class A, 3.14% 2023 14,170,000 14,169,093
World Financial Network Credit Card Master Note Trust, Series 2018-A, Class A, 3.07% 2024 7,000,000 6,982,899
World Financial Network Credit Card Master Note Trust, Series 2018-B, Class A, 3.46% 2025 8,275,000 8,366,447
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 2023 4,918,000 4,641,363
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.25% 2027 1,400,000 1,233,750
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.50% 2025 4,425,000 4,137,375
Ziggo Bond Finance BV 5.50% 2027 9,325,000 8,369,188
Zimmer Holdings, Inc. 3.15% 2022 6,070,000 5,938,961
Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
AAC Technologies Holdings Inc. 2,890,000 16,774,216 0.07
ASML Holding NV (New York registered) 1,865,000 290,231,300 1.27
AbbVie Inc. 2,675,300 246,635,907 1.08
Activision Blizzard, Inc. 1,000,000 46,570,000 0.20
Advanz Pharma Corp. 41,857 786,074 0.00
Advanz Pharma Corp. 175,310 2,930,166 0.01
Airbus SE, non-registered shares 436,214 41,962,552 0.18
Alcoa Corp. 2,500,000 66,450,000 0.29
Alphabet Inc., Class A 90,800 94,882,368 0.41
Alphabet Inc., Class C 108,600 112,467,246 0.49
Amazon.com, Inc. 103,000 154,702,910 0.67
American Tower Corp. REIT 296,000 46,824,240 0.20
Aon PLC, Class A 205,000 29,798,800 0.13
Apollo Global Management, LLC, Class A 2,083,000 51,116,820 0.22
Arch Capital Group Ltd. 8,595,000 229,658,400 1.00
Associated Materials, LLC, 14.00% convertible preferred 2020 5,000 6,074,394 0.03
Associated Materials, LLC, warrants, expire 2023 71,030 0 0.00
Bank of America Corp. 6,000,000 147,840,000 0.64
Berkshire Hathaway Inc., Class A 61 18,666,000 0.08
BlackRock, Inc. 229,000 89,955,780 0.39
Bluebird Bio, Inc. 1,617,100 160,416,320 0.70
Boeing Co. 1,140,000 367,650,000 1.60
British American Tobacco PLC 875,000 27,881,875 0.12
Broadcom Inc. 1,995,000 507,288,600 2.21
CEVA Logistics AG 157,127 4,769,372 0.02
CME Group Inc., Class A 738,200 138,870,184 0.61
CMS Energy Corp. 2,284,700 113,435,355 0.49
Cabot Oil & Gas Corp. 5,000,000 111,750,000 0.49
Capital One Financial Corp. 1,500,000 113,385,000 0.49
Cenovus Energy Inc. 27,000,000 189,862,291 0.83
Charter Communications, Inc., Class A 27,126 7,730,096 0.03
Chevron Corp. 875,000 95,191,250 0.42
Chubb Ltd. 2,450,000 316,491,000 1.38
Cigna Corp. 1,689,540 320,877,437 1.40
Citigroup Inc. 2,500,000 130,150,000 0.57
Coca-Cola Co. 975,000 46,166,250 0.20
Comcast Corp., Class A 7,550,000 257,077,500 1.12
ConocoPhillips 335,000 20,887,250 0.09
Corporate Risk Holdings Corp. 854 17 0.00
Corporate Risk Holdings I, Inc. 168,812 59,405 0.00
Crown Castle International Corp. REIT 755,000 82,015,650 0.36
Cumulus Media Inc., Class A 8,723 94,208 0.00
Cumulus Media Inc., Class B 10,599 114,469 0.00
DTE Energy Co. 226,000 24,927,800 0.11
Daiichi Sankyo Co., Ltd. 752,400 24,038,906 0.10
Diamondback Energy, Inc. 175,000 16,222,500 0.07
Digital Realty Trust, Inc. REIT 525,000 55,938,750 0.24
Dillard's, Inc., Class A (USA) 1,700,000 102,527,000 0.45
Diplomat Pharmacy, Inc. 3,060,400 41,192,984 0.18
DowDuPont Inc. 7,753,100 414,635,788 1.81
Edison International 843,800 47,902,526 0.21
Eli Lilly and Co. 474,700 54,932,284 0.24
Extraction Oil & Gas, Inc. 3,000,000 12,870,000 0.06
Facebook, Inc., Class A 1,332,000 174,611,880 0.76
First Hawaiian, Inc. 400,000 9,004,000 0.04
First Quantum Minerals Ltd. 3,861,222 31,224,649 0.14
First Republic Bank 2,580,000 224,202,000 0.98
Franco-Nevada Corp. 292,832 20,533,847 0.09
General Electric Co. 4,007,400 30,336,018 0.13
General Motors Co. 4,100,000 137,145,000 0.60
Gilead Sciences, Inc. 1,500,000 93,825,000 0.41
HDFC Bank Ltd. 297,000 9,025,924 0.04
HP Inc. 1,908,100 39,039,726 0.17
Home Depot, Inc. 1,125,000 193,297,500 0.84
Humana Inc. 965,000 276,453,200 1.21
Intel Corp. 5,820,000 273,132,600 1.19
Intercontinental Exchange, Inc. 800,000 60,264,000 0.26
Intuit Inc. 1,100,000 216,535,000 0.94
JPMorgan Chase & Co. 1,600,000 156,192,000 0.68
Johnson & Johnson 3,472,000 448,061,600 1.95
Kindred Group PLC (SDR) 4,602,522 42,364,976 0.18
Largan Precision Co., Ltd. 340,000 35,434,549 0.15
Lockheed Martin Corp. 847,200 221,830,848 0.97
LyondellBasell Industries NV 1,200,000 99,792,000 0.44
Marriott International, Inc., Class A 376,000 40,818,560 0.18
Mastercard Inc., Class A 451,000 85,081,150 0.37
Merck & Co., Inc. 2,420,300 184,935,123 0.81
Microsoft Corp. 6,500,000 660,205,000 2.88
NCI Building Systems, Inc. 2,283 14,566 0.00
NIKE, Inc., Class B 980,000 72,657,200 0.32
Nasdaq, Inc. 638,000 52,041,660 0.23
Nestlé SA 3,242,230 263,173,297 1.15
Nestlé SA (ADR) 900,000 72,864,000 0.32
Netflix, Inc. 148,600 39,774,276 0.17
Newmont Mining Corp. 470,000 16,285,500 0.07
Noble Energy, Inc. 10,500,000 196,980,000 0.86
Northrop Grumman Corp. 1,249,400 305,978,060 1.33
Oaktree Capital Group, LLC 2,610,000 103,747,500 0.45
PNC Financial Services Group, Inc. 733,000 85,695,030 0.37
Pfizer Inc. 1,815,000 79,224,750 0.35
Philip Morris International Inc. 5,430,000 362,506,800 1.58
RenaissanceRe Holdings Ltd. 357,000 47,730,900 0.21
RingCentral, Inc., Class A 652,300 53,775,612 0.23
Rotech Healthcare Inc. 184,138 736,552 0.00
Royal Dutch Shell PLC, Class B (ADR) 2,745,000 164,535,300 0.72
Royal Gold, Inc. 695,000 59,526,750 0.26
Seattle Genetics, Inc. 378,800 21,462,808 0.09
Sempra Energy 273,900 29,633,241 0.13
Starbucks Corp. 710,500 45,756,200 0.20
Suncor Energy Inc. 4,000,000 111,719,895 0.49
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) 14,016,000 517,330,560 2.26
Thermo Fisher Scientific Inc. 200,000 44,758,000 0.20
TransDigm Group Inc. 45,000 15,302,700 0.07
Tribune Resources, Inc. 926,514 2,779,542 0.01
Tribune Resources, Inc., Class A, warrants, expire 2023 311,755 107,150 0.00
Tribune Resources, Inc., Class B, warrants, expire 2023 242,476 63,795 0.00
Tribune Resources, Inc., Class C, warrants, expire 2023 227,540 47,670 0.00
Ultra Petroleum Corp., warrants, expire 2025 92,890 23,223 0.00
UnitedHealth Group Inc. 2,016,300 502,300,656 2.19
VF Corp. 1,600,000 114,144,000 0.50
VeriSign, Inc. 2,000,000 296,580,000 1.29
Verizon Communications Inc. 2,040,000 114,688,800 0.50
Vertex Pharmaceuticals Inc. 260,000 43,084,600 0.19
Visa Inc., Class A 1,032,000 136,162,080 0.59
Walgreens Boots Alliance, Inc. 521,500 35,634,095 0.16
Waste Management, Inc. 214,000 19,043,860 0.08
Weatherford International PLC 60,000,000 33,540,000 0.15
Wells Fargo & Co. 3,500,000 161,280,000 0.70
WestRock Co. 825,200 31,159,552 0.14

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.