American Funds - Portfolio holdings | American Funds

Portfolio Holdings

American Funds Insurance Series - Asset Allocation Fund

As of March 31, 2019 (updated quarterly, upon availability)

Fixed-Income Securities* Shares or Principal Amount Market Value
3M Co. 2.25% 2026 500,000 480,389
3M Co. 3.25% 2024 6,000,000 6,188,640
3M Co. 3.375% 2029 4,000,000 4,111,856
ACE INA Holdings Inc. 2.30% 2020 1,345,000 1,338,993
ACE INA Holdings Inc. 2.875% 2022 3,880,000 3,914,551
ACE INA Holdings Inc. 3.35% 2026 1,380,000 1,406,663
ACE INA Holdings Inc. 4.35% 2045 800,000 873,253
ADT Corp. 3.50% 2022 4,750,000 4,595,625
AEP Transmission Company LLC 3.75% 2047 2,390,000 2,358,235
AEP Transmission Company LLC 4.25% 2048 1,630,000 1,735,591
AES Corp. 5.50% 2025 4,223,000 4,391,920
AT&T Inc. (3-month USD-LIBOR + 1.18%) 3.777% 2024 12,410,000 12,316,900
AT&T Inc. 4.35% 2029 16,255,000 16,626,492
AT&T Inc. 4.85% 2039 1,000,000 1,007,068
AbbVie Inc. 4.25% 2028 1,525,000 1,560,504
AbbVie Inc. 4.875% 2048 950,000 937,376
Abbott Laboratories 2.90% 2021 1,130,000 1,135,453
Abbott Laboratories 3.40% 2023 185,000 188,998
Abbott Laboratories 3.75% 2026 4,422,000 4,598,615
Abbott Laboratories 4.75% 2036 460,000 518,422
Abbott Laboratories 4.90% 2046 500,000 578,895
Alexandria Real Estate Equities, Inc. 3.80% 2026 2,235,000 2,268,264
Alexandria Real Estate Equities, Inc. 3.95% 2028 1,220,000 1,229,728
Alexandria Real Estate Equities, Inc. 4.85% 2049 410,000 429,933
Allergan PLC 3.00% 2020 525,000 524,839
Allergan PLC 3.45% 2022 4,557,000 4,598,847
Allergan PLC 3.80% 2025 206,000 208,953
Allergan PLC 4.75% 2045 3,988,000 3,989,575
Allison Transmission Holdings, Inc. 5.00% 2024 3,205,000 3,209,006
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 9.851% 2025 5,150,000 4,971,038
Alphabet Inc. 1.998% 2026 3,000,000 2,835,204
Altria Group, Inc. 3.80% 2024 2,630,000 2,679,744
Altria Group, Inc. 4.40% 2026 445,000 458,763
Altria Group, Inc. 4.50% 2043 3,000,000 2,701,767
Altria Group, Inc. 4.80% 2029 7,815,000 8,071,621
Altria Group, Inc. 5.80% 2039 11,460,000 12,158,407
Altria Group, Inc. 5.95% 2049 11,680,000 12,551,421
Amazon.com, Inc. 2.40% 2023 1,500,000 1,486,794
Amazon.com, Inc. 2.80% 2024 1,500,000 1,504,028
Ameren Corp. 3.70% 2047 1,500,000 1,478,247
Ameren Corp. 4.50% 2049 2,250,000 2,518,468
AmeriCredit Automobile Receivables Trust, Series 2015-3, Class C, 2.73% 2021 2,798,848 2,797,628
AmeriCredit Automobile Receivables Trust, Series 2016-3, Class A3, 1.46% 2021 344,252 343,535
AmeriCredit Automobile Receivables Trust, Series 2016-3, Class B, 1.80% 2021 500,000 497,127
American Axle & Manufacturing Holdings, Inc. 6.50% 2027 3,275,000 3,189,031
American Campus Communities, Inc. 3.35% 2020 500,000 502,084
American Campus Communities, Inc. 3.625% 2027 6,050,000 5,924,523
American Campus Communities, Inc. 3.75% 2023 3,055,000 3,099,163
American Campus Communities, Inc. 4.125% 2024 2,075,000 2,123,265
American Electric Power Co., Inc. 2.95% 2022 4,020,000 4,032,092
American Electric Power Co., Inc. 3.20% 2027 1,275,000 1,250,310
American Electric Power Co., Inc. 4.30% 2028 4,999,000 5,312,312
American Energy (Permian Basin) (3-month USD-LIBOR + 6.50%) 9.233% 2019 825,000 330,000
American Energy (Permian Basin) 7.125% 2020 7,948,000 3,099,720
American Energy (Permian Basin) 7.375% 2021 5,970,000 2,328,300
American Express Co. 2.20% 2020 6,000,000 5,957,268
American Express Co. 3.0% 2021 4,000,000 4,022,028
American Honda Finance Corp. 3.50% 2028 1,125,000 1,152,779
American International Group, Inc. 4.20% 2028 565,000 574,934
American Tower Corp. 3.55% 2027 1,425,000 1,404,802
American Tower Corp. 3.60% 2028 1,000,000 987,427
Anadarko Petroleum Corp. 4.85% 2021 2,751,000 2,853,175
Anadarko Petroleum Corp. 5.55% 2026 1,125,000 1,229,032
Angel Oak Capital Advisors LLC, CLO, Series 2013-9A, Class A1R, (3-month USD-LIBOR + 1.01%) 3.771% 2025 1,501,224 1,503,596
Anheuser-Busch Co./InBev Worldwide 4.70% 2036 445,000 445,831
Anheuser-Busch Co./InBev Worldwide 4.90% 2046 830,000 835,368
Anheuser-Busch InBev NV 4.00% 2028 5,090,000 5,177,858
Anheuser-Busch InBev NV 4.15% 2025 9,333,000 9,736,167
Anheuser-Busch InBev NV 4.75% 2029 2,240,000 2,387,323
Anheuser-Busch InBev NV 4.90% 2031 3,635,000 3,921,885
Anheuser-Busch InBev NV 5.45% 2039 8,658,000 9,393,497
Anheuser-Busch InBev NV 5.55% 2049 2,758,000 3,036,539
Apple Inc. 2.75% 2025 5,400,000 5,374,652
Apple Inc. 2.90% 2027 10,700,000 10,568,144
Apple Inc. 3.00% 2024 1,107,000 1,123,293
Apple Inc. 3.20% 2027 510,000 515,132
Apple Inc. 3.35% 2027 542,000 553,812
Applied Systems, Inc., Term Loan, (3-month USD-LIBOR + 7.00%) 9.499% 2025 600,000 607,313
Arroyo Mortgage Trust, Series 2018-1, Class A1, 3.763% 2048 2,946,050 2,985,960
Ascent Resources Marcellus Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 6.50%) 8.993% 2023 1,223,333 1,226,392
Associated Materials, LLC 9.00% 2024 8,905,000 8,793,688
AstraZeneca PLC 2.375% 2022 4,072,000 4,014,674
AstraZeneca PLC 3.375% 2025 13,290,000 13,423,525
Atlantic City Electric Co. 4.00% 2028 420,000 444,604
Avis Budget Group, Inc. 5.50% 2023 6,125,000 6,193,906
Avon Products, Inc. 7.875% 2022 3,570,000 3,717,263
B&G Foods, Inc. 4.625% 2021 440,000 440,550
B&G Foods, Inc. 5.25% 2025 1,660,000 1,597,750
BB&T Corp. 2.45% 2020 6,000,000 5,989,428
BB&T Corp. 2.625% 2022 2,500,000 2,500,525
BB&T Corp. 2.75% 2022 3,050,000 3,052,992
BNP Paribas 3.375% 2025 6,475,000 6,344,017
BP Capital Markets PLC 4.234% 2028 8,350,000 8,947,025
Bank of America Corp. 2.625% 2020 4,037,000 4,028,938
Bank of America Corp. 3.248% 2027 1,125,000 1,103,493
Bank of America Corp. 3.458% 2025 (3-month USD-LIBOR +0.97% on 03/15/2024) 5,810,000 5,874,938
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR + 0.78% on 3/5/2023) 6,625,000 6,731,961
Bank of America Corp. 3.593% 2028 (3-month USD-LIBOR + 1.37% on 7/21/2027) 3,000,000 2,990,910
Bank of America Corp. 3.864% 2024 (3-month USD-LIBOR +0.94% on 07/23/2023) 1,369,000 1,407,517
Bank of America Corp. 3.974% 2030 8,000,000 8,169,056
Bank of America Corp. 4.271% 2029 (3-month USD-LIBOR + 1.31% on 07/23/2028) 3,080,000 3,212,736
Bayer AG 2.375% 2019 2,750,000 2,741,236
Bayer US Finance II LLC 3.875% 2023 3,360,000 3,389,034
Bayer US Finance II LLC 4.25% 2025 13,519,000 13,685,419
Bayer US Finance II LLC 4.375% 2028 1,254,000 1,248,561
Bayer US Finance II LLC 4.625% 2038 387,000 362,666
Bayerische Motoren Werke AG 2.25% 2023 300,000 291,562
Bayerische Motoren Werke AG 3.45% 2023 6,835,000 6,959,670
Becton, Dickinson and Co. 2.133% 2019 2,250,000 2,247,201
Becton, Dickinson and Co. 2.404% 2020 2,250,000 2,234,531
Becton, Dickinson and Co. 2.894% 2022 10,350,000 10,300,248
Becton, Dickinson and Co. 3.363% 2024 2,260,000 2,264,063
Becton, Dickinson and Co. 3.70% 2027 445,000 444,172
Berkshire Hathaway Energy Co. 2.40% 2020 1,245,000 1,242,906
Berkshire Hathaway Finance Corp. 1.30% 2019 1,070,000 1,065,037
Berkshire Hathaway Finance Corp. 4.20% 2048 7,520,000 7,818,273
Berkshire Hathaway Finance Corp. 4.25% 2049 1,125,000 1,180,312
Berkshire Hathaway Inc. 2.20% 2021 1,000,000 995,966
Berkshire Hathaway Inc. 2.75% 2023 2,615,000 2,633,831
Berkshire Hathaway Inc. 3.125% 2026 1,000,000 1,011,901
Blackstone CQP Holdco LP 6.00% 2021 5,700,000 5,700,000
Blackstone CQP Holdco LP 6.50% 2021 21,325,000 21,325,000
Boeing Co. 2.80% 2024 875,000 877,083
Boston Scientific Corp. 3.45% 2026 3,100,000 3,159,291
Boston Scientific Corp. 3.75% 2026 5,895,000 6,021,896
Boston Scientific Corp. 3.85% 2025 4,500,000 4,639,725
Boston Scientific Corp. 4.00% 2029 2,550,000 2,634,805
Boston Scientific Corp. 4.70% 2049 515,000 549,600
Brandywine Operating Partnership, LP 3.95% 2023 1,070,000 1,094,164
British American Tobacco International Finance PLC 3.95% 2025 4,250,000 4,265,874
British American Tobacco PLC 3.222% 2024 2,826,000 2,766,425
British American Tobacco PLC 3.557% 2027 5,590,000 5,302,724
British American Tobacco PLC 4.39% 2037 5,500,000 4,975,251
British American Tobacco PLC 4.54% 2047 3,250,000 2,856,194
Broadcom Inc. 3.125% 2022 1,575,000 1,567,802
Broadcom Inc. 3.625% 2024 1,575,000 1,562,684
Broadcom Inc. 4.25% 2026 12,370,000 12,278,586
Broadcom Inc.4.75% 2029 11,370,000 11,315,993
Broadcom Ltd. 3.00% 2022 4,000,000 3,985,848
Broadcom Ltd. 3.50% 2028 4,777,000 4,404,810
Broadcom Ltd. 3.625% 2024 3,995,000 3,989,115
Broadcom Ltd. 3.875% 2027 3,060,000 2,928,221
CCO Holdings LLC and CCO Holdings Capital Corp 5.05% 2029 2,303,000 2,429,506
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 2024 3,000,000 3,126,840
CCO Holdings LLC and CCO Holdings Capital Corp. 4.908% 2025 1,000,000 1,055,415
CCO Holdings LLC and CCO Holdings Capital Corp. 5.00% 2028 3,600,000 3,568,500
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2023 2,650,000 2,718,874
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2026 5,850,000 6,142,500
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2048 6,178,000 6,477,139
CCO Holdings LLC and CCO Holdings Capital Corp. 6.484% 2045 7,185,000 8,072,858
CF Industries, Inc. 4.95% 2043 4,130,000 3,556,963
CME Group Inc. 3.75% 2028 3,425,000 3,608,703
CME Group Inc. 4.15% 2048 395,000 419,767
CONSOL Energy Inc. 5.875% 2022 15,174,000 15,211,935
CPPIB Capital Inc. 1.25% 2019 3,900,000 3,876,522
CPPIB Capital Inc. 2.25% 2022 4,286,000 4,265,599
CPPIB Capital Inc. 2.375% 2021 6,000,000 5,989,560
CPPIB Capital Inc. 2.75% 2027 6,600,000 6,601,518
CS First Boston Mortgage Securities Corp., Series 2004-5, Class IVA1, 6.00% 2034 342,876 353,603
CSAIL Commercial Mortgage Trust, Series 2015-C4, Class ASB, 3.6167% 2048 1,400,000 1,439,908
CSX Corp. 3.80% 2028 6,985,000 7,178,107
CSX Corp. 4.25% 2029 10,200,000 10,850,026
CSX Corp. 4.30% 2048 2,250,000 2,301,444
CSX Corp. 4.50% 2049 4,795,000 5,053,000
CSX Corp. 4.75% 2048 1,875,000 2,040,399
CVR Partners, LP 9.25% 2023 1,650,000 1,734,563
CVS Health Corp. 3.35% 2021 740,000 746,307
CVS Health Corp. 3.70% 2023 1,005,000 1,021,625
CVS Health Corp. 4.10% 2025 5,519,000 5,674,597
CVS Health Corp. 4.30% 2028 7,597,000 7,711,821
CVS Health Corp. 4.78% 2038 1,037,000 1,029,958
Cablevision Systems Corp. 6.75% 2021 9,575,000 10,257,219
Calpine Corp. 5.25% 2026 5,970,000 5,962,538
Canadian Natural Resources Ltd. 2.95% 2023 2,700,000 2,682,642
Canadian Natural Resources Ltd. 4.95% 2047 500,000 546,885
Capital Group Central Cash Fund 21,523,611 2,151,930,676
Cascade Funding Mortgage Trust, Series 2018-RM2, Class A, 4% 2068 2,904,373 2,951,250
Cenovus Energy Inc. 3.80% 2023 3,970,000 3,968,900
Cenovus Energy Inc. 4.25% 2027 8,565,000 8,433,801
Cenovus Energy Inc. 5.25% 2037 1,350,000 1,343,330
Cenovus Energy Inc. 5.40% 2047 3,500,000 3,477,047
Centene Corp. 4.75% 2022 8,770,000 8,945,400
Centene Corp. 4.75% 2025 2,825,000 2,888,563
CenterPoint Energy, Inc. 3.85% 2024 7,285,000 7,437,140
Centerpoint Energy, Inc. 2.50% 2022 900,000 882,130
CenturyLink, Inc. 6.75% 2023 8,475,000 8,866,969
CenturyLink, Inc., Series T, 5.80% 2022 2,625,000 2,693,906
Chemours Co. 6.625% 2023 6,090,000 6,318,923
Chesapeake Energy Corp. (3-month USD-LIBOR + 3.25%) 6.037% 2019 3,200,000 3,200,800
Chesapeake Energy Corp. 4.875% 2022 7,225,000 7,152,750
Chesapeake Energy Corp. 5.75% 2023 75,000 73,313
Chesapeake Energy Corp. 8.00% 2025 1,825,000 1,870,625
Chesapeake Energy Corp. 8.00% 2027 4,365,000 4,321,350
Chevron Corp. 2.498% 2022 605,000 605,560
Chevron Corp. 2.566% 2023 2,000,000 2,004,788
Chevron Corp. 3.326% 2025 1,165,000 1,202,148
Chevron Phillips Chemical Co. LLC 3.30% 2023 595,000 602,061
Chevron Phillips Chemical Co. LLC 3.70% 2028 1,500,000 1,535,463
Cigna Corp. 3.40% 2021 1,350,000 1,365,011
Cigna Corp. 4.125% 2025 3,865,000 4,005,160
Cigna Corp. 4.375% 2028 5,620,000 5,830,300
Cigna Corp. 4.80% 2038 9,140,000 9,410,800
Cigna Corp. 4.90% 2048 1,650,000 1,710,128
Cigna Corp.3.75% 2023 5,830,000 5,983,603
Citibank Credit Card Issuance Trust, Series 2014-A6, Class A6, 2.15% 2021 275,000 274,623
Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class AAB, 2.984% 2048 1,185,000 1,194,049
Citigroup Inc. 2.35% 2021 9,855,000 9,745,265
Citigroup Inc. 2.876% 2023 (3-month USD-LIBOR + 0.95% on 7/24/2022) 1,725,000 1,715,366
Citigroup Inc. 2.90% 2021 2,000,000 1,999,624
Citigroup Inc. 3.98% 2030 (3-month USD-LIBOR + 1.023% on 03/20/2029) 7,080,000 7,219,703
Citigroup Inc. 4.65% 2048 2,430,000 2,620,954
Cleveland-Cliffs Inc. 4.875% 2024 3,025,000 3,009,875
Cleveland-Cliffs Inc. 5.75% 2025 18,995,000 18,235,200
Comcast Corp. 2.35% 2027 4,000,000 3,742,904
Comcast Corp. 3.00% 2024 500,000 502,037
Comcast Corp. 3.20% 2036 750,000 683,060
Comcast Corp. 3.70% 2024 2,245,000 2,320,951
Comcast Corp. 3.90% 2038 1,500,000 1,478,487
Comcast Corp. 3.95% 2025 6,315,000 6,613,093
Comcast Corp. 4.00% 2048 250,000 245,908
Comcast Corp. 4.15% 2028 4,885,000 5,154,794
Comcast Corp. 4.60% 2038 6,000,000 6,443,544
Comcast Corp. 4.70% 2048 1,604,000 1,749,494
Comision Federal de Electricidad 4.75% 2027 645,000 653,275
Commercial Mortgage Trust, Series 2015-PC1, Class A5, 3.902% 2050 4,735,000 4,943,922
Commonwealth Bank of Australia 2.25% 2020 500,000 497,939
Commonwealth Edison Company 3.65% 2046 2,000,000 1,953,952
Commonwealth Edison Company 4.00% 2048 2,600,000 2,674,968
Commonwealth Edison Company 4.35% 2045 2,085,000 2,235,074
Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Ref. Bonds, Series 2014-E, 2.857% 2040 60,000 59,425
Compass Diversified Holdings 8.00% 2026 2,775,000 2,891,203
Comstock Resources, Inc. 9.75% 2026 4,225,000 3,908,125
Conagra Brands, Inc. 4.30% 2024 7,555,000 7,834,059
Conagra Brands, Inc. 4.85% 2028 1,935,000 2,035,986
Conagra Brands, Inc. 5.30% 2038 5,000,000 5,089,520
Conagra Brands, Inc. 5.40% 2048 825,000 832,102
Concho Resources Inc. 4.30% 2028 4,755,000 4,913,303
Concho Resources Inc. 4.85% 2048 750,000 788,508
Concordia International Corp. 8.00% 2024 357,000 337,365
Concordia International Corp., Term Loan, (3-month USD-LIBOR + 5.50%) 7.993% 2024 975,150 924,259
Connecticut Avenue Securities, Series 2014-C02, Class 1M1, (1-month USD-LIBOR + 0.95%) 3.436% 2024 5,959 5,960
ConocoPhillips 4.95% 2026 454,000 506,594
Consolidated Edison Co. of New York, Inc. 4.50% 2058 6,100,000 6,419,622
Consolidated Energy Finance SA 6.50% 2026 2,685,000 2,685,000
Constellation Brands, Inc. 2.65% 2022 8,835,000 8,730,827
Constellation Brands, Inc. 2.70% 2022 195,000 193,674
Constellation Brands, Inc. 3.20% 2023 1,340,000 1,349,837
Constellation Brands, Inc. 3.60% 2028 2,200,000 2,156,939
Constellation Brands, Inc. 4.50% 2047 220,000 213,156
Consumers Energy Co. 3.125% 2024 3,785,000 3,807,672
Consumers Energy Co. 3.25% 2046 940,000 863,575
Consumers Energy Co. 3.375% 2023 475,000 488,004
Consumers Energy Co. 4.05% 2048 6,285,000 6,670,635
Convey Park Energy LLC 7.50% 2025 2,000,000 1,864,400
Corporate Office Properties LP 3.60% 2023 390,000 386,210
Corporate Office Properties LP 5.25% 2024 3,595,000 3,790,022
Costco Wholesale Corp. 2.75% 2024 11,125,000 11,213,700
Credit Suisse Group AG 3.80% 2023 1,625,000 1,652,012
Credit Suisse Group AG 3.869% 2029 (3-month USD-LIBOR + 1.41% on 1/12/2028) 800,000 785,545
Crédit Agricole SA 4.375% 2025 850,000 867,051
Cumulus Media New Holdings Inc., Term Loan, (3-month USD-LIBOR + 4.50%) 7% 2022 1,492,430 1,469,811
DCP Midstream Operating LP 4.95% 2022 4,775,000 4,900,344
DNB Bank ASA 2.375% 2021 2,000,000 1,981,084
DTE Electric Co 3.95% 2049 5,180,000 5,345,993
DTE Energy Co. 3.70% 2023 1,435,000 1,470,561
DaVita HealthCare Partners Inc. 5.00% 2025 3,650,000 3,511,300
DaimlerChrysler North America Holding Corp. 2.25% 2019 2,000,000 1,994,548
DaimlerChrysler North America Holding Corp. 2.25% 2020 2,765,000 2,748,888
DaimlerChrysler North America Holding Corp. 3.35% 2023 1,200,000 1,214,344
DaimlerChrysler North America Holding Corp. 3.40% 2022 7,580,000 7,656,171
DaimlerChrysler North America Holding Corp. 3.65% 2024 7,000,000 7,112,798
DaimlerChrysler North America Holding Corp. 3.75% 2028 197,000 195,412
Danske Bank AS 2.70% 2022 1,000,000 974,404
Deutsche Telekom International Finance BV 1.95% 2021 5,264,000 5,146,260
Deutsche Telekom International Finance BV 2.82% 2022 2,535,000 2,529,324
Deutsche Telekom International Finance BV 3.60% 2027 4,045,000 3,996,630
Deutsche Telekom International Finance BV 4.375% 2028 2,500,000 2,604,020
Deutsche Telekom International Finance BV 9.25% 2032 3,570,000 5,194,022
Diamond Offshore Drilling, Inc. 4.875% 2043 5,610,000 3,576,375
Diamond Offshore Drilling, Inc. 7.875% 2025 2,550,000 2,473,500
Diebold Nixdorf AG, Term Loan B, (3-month USD-LIBOR + 2.75%) 5.25% 2023 1,432,048 1,346,125
Dominion Resources, Inc. 1.60% 2019 890,000 885,871
Dominion Resources, Inc. 2.00% 2021 790,000 771,594
Dominion Resources, Inc. 2.579% 2020 950,000 945,032
Dominion Resources, Inc. 2.75% 2022 800,000 793,774
Dominion Resources, Inc. 2.85% 2026 1,500,000 1,445,439
Dominion Resources, Inc. 2.962% 2019 300,000 300,065
Dow Chemical Co. 4.55% 2025 8,694,000 9,188,141
Dow Chemical Co. 4.80% 2028 300,000 323,137
Dow Chemical Co. 5.55% 2048 1,850,000 2,083,352
DowDuPont Inc. 4.205% 2023 3,765,000 3,940,938
DowDuPont Inc. 4.493% 2025 10,095,000 10,770,931
DowDuPont Inc. 4.725% 2028 2,211,000 2,389,969
DowDuPont Inc. 5.419% 2048 1,200,000 1,364,473
Drive Auto Receivables Trust, Series 2016-CA, Class C, 3.02% 2021 954,186 954,616
Drive Auto Receivables Trust, Series 2017-1, Class C, 2.84% 2022 849,819 849,489
Drive Auto Receivables Trust, Series 2017-2, Class C, 2.75% 2023 901,135 900,750
Drive Auto Receivables Trust, Series 2017-AA, Class C, 2.98% 2022 1,215,410 1,215,912
Drivetime Auto Owner Trust, Series 2016-3A, Class C, 3.15% 2022 142,262 142,296
Drivetime Auto Owner Trust, Series 2017-3A, Class C, 3.01% 2023 3,850,000 3,850,658
Drivetime Auto Owner Trust, Series 2017-4A, Class C, 2.86% 2023 4,000,000 3,995,896
Duke Energy Carolinas, Inc. 3.95% 2028 2,500,000 2,666,905
Duke Energy Corp. 2.65% 2026 5,105,000 4,869,741
Duke Energy Corp. 3.75% 2024 150,000 154,844
Duke Energy Florida, LLC 3.20% 2027 2,420,000 2,441,899
Duke Energy Ohio, Inc. 3.70% 2046 1,950,000 1,904,117
Duke Energy Progress Inc. 3.70% 2046 4,350,000 4,261,438
Duke Energy Progress Inc. 4.15% 2044 3,020,000 3,155,504
Duke Energy Progress, LLC 3.375% 2023 2,040,000 2,098,750
Duke Energy Progress, LLC 3.45% 2029 3,700,000 3,796,307
EDP Finance BV 3.625% 2024 6,425,000 6,388,750
EDP Finance BV 4.125% 2020 3,402,000 3,427,529
EMD Finance LLC 2.40% 2020 110,000 109,530
EMD Finance LLC 2.95% 2022 510,000 508,235
EMD Finance LLC 3.25% 2025 4,220,000 4,162,232
EOG Resources, Inc. 4.15% 2026 2,980,000 3,159,801
EPR Properties 4.50% 2027 3,240,000 3,270,414
EPR Properties 4.75% 2026 2,570,000 2,643,708
EQT Corp. 3.00% 2022 475,000 466,616
EQT Corp. 3.90% 2027 910,000 852,314
Eastman Chemical Co. 2.70% 2020 2,188,000 2,186,838
Electricité de France SA 2.35% 2020 650,000 646,576
Electricité de France SA 4.875% 2038 2,500,000 2,556,348
Electricité de France SA 5.60% 2040 525,000 572,887
Electricité de France SA 6.95% 2039 1,175,000 1,491,460
Eli Lilly and Co. 3.375% 2029 10,715,000 11,015,566
Eli Lilly and Co. 3.95% 2049 2,750,000 2,824,316
Emera US Finance LP 2.15% 2019 300,000 299,426
Emera US Finance LP 2.70% 2021 770,000 763,446
Emera US Finance LP 3.55% 2026 3,345,000 3,311,286
EnLink Midstream Partners, LP 5.45% 2047 1,464,000 1,310,280
Enbridge Energy Partners, LP 5.20% 2020 120,000 122,633
Enbridge Energy Partners, LP 5.875% 2025 3,825,000 4,337,259
Enbridge Energy Partners, LP 7.375% 2045 1,550,000 2,158,222
Enbridge Energy Partners, LP, Series B, 7.50% 2038 2,000,000 2,699,094
Enbridge Inc. 3.70% 2027 2,569,000 2,566,223
Enbridge Inc. 4.00% 2023 3,008,000 3,122,686
Endo International PLC 5.75% 2022 7,340,000 7,000,525
Endo International PLC 6.00% 2025 3,945,000 2,879,850
Enel Finance International SA 2.875% 2022 2,000,000 1,967,490
Enel Finance International SA 3.50% 2028 4,800,000 4,520,117
Enel Finance International SA 3.625% 2027 5,830,000 5,589,542
Enel Finance International SA 4.25% 2023 6,589,000 6,740,573
Enel Finance International SA 4.625% 2025 3,000,000 3,107,709
Enel Finance International SA 4.875% 2029 3,750,000 3,914,629
Energy Transfer Operating L.P. 5.875% 2024 2,775,000 3,039,921
Energy Transfer Partners, LP 4.15% 2020 2,182,000 2,218,095
Energy Transfer Partners, LP 4.50% 2024 1,210,000 1,264,903
Energy Transfer Partners, LP 4.75% 2026 2,494,000 2,608,537
Energy Transfer Partners, LP 5.25% 2029 5,757,000 6,188,671
Energy Transfer Partners, LP 5.40% 2047 650,000 649,579
Energy Transfer Partners, LP 6.00% 2048 774,000 838,184
Energy Transfer Partners, LP 6.25% 2049 6,257,000 7,022,813
Enersis Américas SA 4.00% 2026 245,000 242,562
Ensco PLC 7.75% 2026 3,650,000 3,097,938
Ensco PLC, 5.75% 2044 7,820,000 5,063,450
Entergy Corp. 2.95% 2026 1,160,000 1,116,604
Entergy Louisiana, LLC 4.20% 2048 4,200,000 4,382,771
Enterprise Fleet Financing LLC, Series 2016-2, Class A2, 1.74% 2022 132,713 132,410
Enterprise Fleet Financing LLC, Series 2017-1, Class A2, 2.13% 2022 270,400 269,528
Enterprise Fleet Financing LLC, Series 2017-1, Class A3, 2.60% 2022 655,000 653,015
Enterprise Products Operating LLC 4.90% 2046 500,000 537,977
Equinor ASA 3.625% 2028 7,085,000 7,380,416
Essex Portfolio LP 3.50% 2025 5,865,000 5,888,073
Essex Portfolio LP 3.875% 2024 1,000,000 1,025,063
Essex Portfolio LP 4.00% 2029 3,305,000 3,388,382
Euramax International, Inc. 12.00% 2020 4,550,000 4,635,313
Eversource Energy 3.80% 2023 2,730,000 2,829,771
Exelon Corp. 3.40% 2026 200,000 200,082
Exelon Corp. 3.497% 2022 2,150,000 2,173,534
Exeter Automobile Receivables Trust, Series 2018-1A, Class C, 3.03% 2023 3,000,000 3,002,709
Extraction Oil & Gas, Inc. 5.625% 2026 2,900,000 2,240,250
Exxon Mobil Corp. 2.222% 2021 3,070,000 3,057,677
Exxon Mobil Corp. 2.726% 2023 3,000,000 3,023,418
Exxon Mobil Corp. 3.043% 2026 1,125,000 1,142,492
FS Energy and Power Fund 7.50% 2023 2,020,000 2,076,813
Fannie Mae 1.875% 2026 13,000,000 12,464,790
Fannie Mae 2049 8,202,221 8,449,887
Fannie Mae 3.00% 2036 19,932,182 20,139,836
Fannie Mae 3.00% 2046 33,798,109 33,711,180
Fannie Mae 3.50% 2042 9,147,883 9,348,258
Fannie Mae 3.50% 2045 3,599,154 3,682,154
Fannie Mae 3.50% 2045 14,706,205 15,028,168
Fannie Mae 3.50% 2046 6,960,747 7,120,976
Fannie Mae 3.50% 2046 2,869,674 2,924,192
Fannie Mae 3.50% 2047 5,258,594 5,358,512
Fannie Mae 3.50% 2047 6,271,388 6,371,918
Fannie Mae 3.50% 2047 52,638,468 53,482,368
Fannie Mae 3.50% 2048 25,080,087 25,482,196
Fannie Mae 3.50% 2049 28,925,989 29,329,362
Fannie Mae 3.50% 2049 1,778,696 1,804,976
Fannie Mae 4.00% 2019 160 165
Fannie Mae 4.00% 2020 5,303 5,466
Fannie Mae 4.00% 2020 402,158 414,491
Fannie Mae 4.00% 2021 170,244 175,465
Fannie Mae 4.00% 2021 8,056 8,303
Fannie Mae 4.00% 2022 5,759 5,936
Fannie Mae 4.00% 2024 606,233 624,825
Fannie Mae 4.00% 2024 6,368 6,565
Fannie Mae 4.00% 2024 223,523 230,378
Fannie Mae 4.00% 2024 1,960,457 2,020,615
Fannie Mae 4.00% 2024 4,852 5,002
Fannie Mae 4.00% 2024 6,124 6,312
Fannie Mae 4.00% 2024 986,826 1,021,679
Fannie Mae 4.00% 2024 6,980 7,195
Fannie Mae 4.00% 2025 108,377 111,701
Fannie Mae 4.00% 2025 2,781 2,866
Fannie Mae 4.00% 2025 2,787 2,873
Fannie Mae 4.00% 2025 10,365 10,734
Fannie Mae 4.00% 2025 2,291 2,361
Fannie Mae 4.00% 2025 5,131 5,314
Fannie Mae 4.00% 2025 994,072 1,024,558
Fannie Mae 4.00% 2025 3,036 3,129
Fannie Mae 4.00% 2025 2,892 2,981
Fannie Mae 4.00% 2025 989,767 1,025,480
Fannie Mae 4.00% 2025 8,046 8,292
Fannie Mae 4.00% 2026 6,194 6,384
Fannie Mae 4.00% 2026 147,210 151,725
Fannie Mae 4.00% 2026 7,625 7,902
Fannie Mae 4.00% 2026 132,361 137,168
Fannie Mae 4.00% 2026 990,270 1,020,640
Fannie Mae 4.00% 2026 5,102 5,259
Fannie Mae 4.00% 2026 720,429 746,728
Fannie Mae 4.00% 2026 987,872 1,018,168
Fannie Mae 4.00% 2026 4,877 5,027
Fannie Mae 4.00% 2026 8,119 8,368
Fannie Mae 4.00% 2026 1,004,985 1,035,806
Fannie Mae 4.00% 2027 9,733 10,033
Fannie Mae 4.00% 2027 489,464 504,475
Fannie Mae 4.00% 2029 999,900 1,036,140
Fannie Mae 4.00% 2034 994,432 1,025,545
Fannie Mae 4.00% 2034 1,968,839 2,029,219
Fannie Mae 4.00% 2041 3,252,751 3,399,750
Fannie Mae 4.00% 2041 2,539,817 2,653,916
Fannie Mae 4.00% 2043 2,099,402 2,205,254
Fannie Mae 4.00% 2043 1,909,551 1,995,804
Fannie Mae 4.00% 2043 3,586,148 3,766,991
Fannie Mae 4.00% 2046 857,142 892,667
Fannie Mae 4.00% 2046 2,164,873 2,235,579
Fannie Mae 4.00% 2047 22,362,910 23,289,830
Fannie Mae 4.00% 2047 13,762,005 14,226,872
Fannie Mae 4.00% 2048 126,440 130,403
Fannie Mae 4.00% 2048 58,149 60,078
Fannie Mae 4.00% 2048 18,000,005 18,555,413
Fannie Mae 4.00% 2048 445,877 459,988
Fannie Mae 4.00% 2048 878,956 906,772
Fannie Mae 4.00% 2048 1,964,356 2,025,995
Fannie Mae 4.00% 2048 9,845,003 10,159,098
Fannie Mae 4.00% 2048 43,304 45,029
Fannie Mae 4.00% 2048 2,917,274 3,008,725
Fannie Mae 4.00% 2048 17,713,268 18,511,411
Fannie Mae 4.00% 2049 12,037,622 12,580,062
Fannie Mae 4.00% 2049 54,700,000 56,272,625
Fannie Mae 4.00% 2049 0 0
Fannie Mae 4.00% 2049 105,382 108,531
Fannie Mae 4.50% 2048 19,310,390 20,201,873
Fannie Mae 4.50% 2048 42,489,810 44,450,248
Fannie Mae 4.50% 2049 500,000 522,287
Fannie Mae 5.50% 2033 466,856 511,161
Fannie Mae 5.50% 2033 313,285 344,820
Fannie Mae 5.50% 2036 718,200 789,483
Fannie Mae 5.50% 2037 135,663 149,211
Fannie Mae 5.50% 2037 253,618 276,626
Fannie Mae 6.00% 2021 12,089 12,270
Fannie Mae 6.00% 2026 243,998 263,188
Fannie Mae 6.00% 2036 480,199 525,537
Fannie Mae 6.00% 2036 92,113 101,640
Fannie Mae 6.00% 2036 1,647,643 1,817,246
Fannie Mae 6.00% 2037 180,624 199,264
Fannie Mae 6.00% 2037 1,689,157 1,864,071
Fannie Mae 6.00% 2037 1,320,801 1,459,433
Fannie Mae 6.00% 2037 23,008 25,414
Fannie Mae 6.00% 2038 48,565 53,567
Fannie Mae 6.00% 2038 42,395 46,833
Fannie Mae 6.00% 2038 1,636,718 1,808,087
Fannie Mae 6.00% 2038 692,966 764,424
Fannie Mae 6.00% 2038 394,226 434,771
Fannie Mae 6.00% 2038 422,507 466,227
Fannie Mae 6.00% 2038 27,806 30,416
Fannie Mae 6.00% 2038 779,705 860,697
Fannie Mae 6.00% 2038 2,313,315 2,556,053
Fannie Mae 6.00% 2039 883 976
Fannie Mae 6.00% 2040 432,958 477,946
Fannie Mae 6.00% 2040 141,230 156,052
Fannie Mae 6.00% 2041 555,788 613,222
Fannie Mae 6.00% 2041 674,223 732,136
Fannie Mae 7.00% 2047 12,771 14,078
Fannie Mae 7.00% 2047 2,214 2,445
Fannie Mae Pool #BK7655 3.921% 2048 1,667,297 1,724,173
Fannie Mae, Series 2001-T10, Class A1, 7.00% 2041 170,575 194,447
Fannie Mae, Series 2002-W3, Class A5, 7.50% 2041 41,040 47,567
Fannie Mae, Series 2006-43, Class JO, principal only, 0% 2036 91,855 79,472
Fannie Mae, Series 2012-M14, Class A2, Multi Family, 2.301% 2022 2,145,000 2,127,962
Fannie Mae, Series 2012-M5, Class A2, Multi Family, 2.715% 2022 3,684,016 3,690,202
Fannie Mae, Series 2012-M9, Class A2, Multi Family, 2.482% 2022 3,947,132 3,935,970
Fannie Mae, Series 2013-M14, Class A2, Multi Family, 3.329% 2023 7,261,183 7,469,434
Fannie Mae, Series 2014-M1, Class A2, Multi Family, 3.219% 2023 8,363,606 8,565,880
Fannie Mae, Series 2014-M2, Class A2, Multi Family, 3.513% 2023 6,288,116 6,515,469
Fannie Mae, Series 2014-M3, Class A2, Multi Family, 3.481% 2024 6,779,332 7,002,630
Fannie Mae, Series 2014-M9, Class A2, Multi Family, 3.103% 2024 6,215,000 6,332,538
Fannie Mae, Series 2017-M3, Class A2, Multi Family, 2.486% 2026 9,665,000 9,435,408
Fannie Mae, Series 2017-M7, Class A2, Multi Family, 2.961% 2027 2,891,000 2,902,746
Finance of America Structured Securities Trust, Series 2019-JR1, Class A, 2.00% 2069 4,225,000 4,259,823
First Quantum Minerals Ltd. 6.50% 2024 4,704,000 4,439,400
First Quantum Minerals Ltd. 6.875% 2026 4,275,000 3,981,094
First Quantum Minerals Ltd. 7.25% 2022 8,175,000 8,256,750
First Quantum Minerals Ltd. 7.25% 2023 1,200,000 1,176,000
First Quantum Minerals Ltd. 7.50% 2025 11,350,000 10,952,750
FirstEnergy Corp. 3.90% 2027 9,435,000 9,589,413
FirstEnergy Corp. 4.85% 2047 3,375,000 3,631,230
FirstEnergy Corp., Series B, 4.25% 2023 1,540,000 1,607,985
Florida Power & Light Co., 3.99% 2049 6,000,000 6,304,416
Ford Credit Auto Owner Trust, Series 2016-2, Class A, 2.03% 2027 2,900,000 2,854,366
Ford Credit Auto Owner Trust, Series 2017-1, Class A, 2.62% 2028 3,330,000 3,311,768
Ford Credit Auto Owner Trust, Series 2018-1, Class A 3.53% 2030 12,000,000 12,250,176
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 2031 13,781,000 13,815,301
Ford Credit Auto Owner Trust, Series 2018-2, Class A, 3.47% 2030 13,095,000 13,344,525
Ford Credit Floorplan Master Owner Trust, Series 2016-3, Class A1, 1.55% 2021 3,500,000 3,488,401
Ford Motor Credit Co. 1.897% 2019 1,250,000 1,244,861
Ford Motor Credit Co. 2.343% 2020 4,635,000 4,539,255
Ford Motor Credit Co. 2.597% 2019 3,000,000 2,991,732
Ford Motor Credit Co. 3.157% 2020 500,000 496,610
Ford Motor Credit Co. 3.20% 2021 2,250,000 2,218,887
Fox Corp. 4.03% 2024 3,925,000 4,075,171
Fox Corp. 4.709% 2029 5,890,000 6,311,695
Fox Corp. 5.576% 2049 3,125,000 3,541,541
Fox Corporation 3.666% 2022 1,035,000 1,056,159
Fox Corporation 5.476% 2039 5,000,000 5,555,030
France Télécom 4.125% 2021 2,500,000 2,586,863
Freddie Mac 3.00% 2034 15,000,000 15,146,925
Freddie Mac 3.00% 2037 29,709,686 30,023,717
Freddie Mac 3.00% 2046 8,415,462 8,426,335
Freddie Mac 3.318% 2045 1,105,582 1,117,556
Freddie Mac 3.50% 2047 4,273,978 4,357,710
Freddie Mac 3.50% 2047 42,477,857 43,204,951
Freddie Mac 3.50% 2047 12,062,945 12,263,443
Freddie Mac 3.50% 2047 37,059,766 37,675,774
Freddie Mac 3.50% 2047 23,447,907 23,837,635
Freddie Mac 4.00% 2042 4,169,366 4,345,763
Freddie Mac 4.00% 2043 2,339,020 2,458,934
Freddie Mac 4.00% 2043 2,076,342 2,171,878
Freddie Mac 4.00% 2043 5,669,816 5,930,713
Freddie Mac 4.00% 2045 13,247,949 13,857,381
Freddie Mac 4.00% 2045 13,690,058 14,319,869
Freddie Mac 4.00% 2048 5,875,025 6,066,393
Freddie Mac 4.00% 2048 34,036,682 35,133,650
Freddie Mac 4.00% 2048 49,003,832 50,588,371
Freddie Mac 4.50% 2039 194,517 206,063
Freddie Mac 4.50% 2046 1,090,503 1,143,736
Freddie Mac 4.50% 2046 2,091,052 2,193,301
Freddie Mac 5.00% 2038 1,034,674 1,115,150
Freddie Mac 5.00% 2040 1,889,411 2,042,181
Freddie Mac 6.50% 2038 117,765 131,618
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 2.75% 2056 5,775,912 5,689,522
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 2.50% 2056 10,996,746 10,947,096
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 2056 10,449,772 10,337,510
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 2.50% 2056 2,486,603 2,499,680
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 2.75% 2057 1,856,263 1,839,295
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 2057 1,455,289 1,466,130
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 2057 3,630,378 3,645,789
Freddie Mac Seasoned Loan Structured Transaction, Series 2018-2, Class A1, 3.50% 2028 4,457,857 4,557,433
Freddie Mac, Series K044, Class A2, Multi Family, 2.811% 2025 4,265,000 4,295,657
Freddie Mac, Series K047, Class A2, Multi Family, 3.329% 2025 4,000,000 4,141,588
Freddie Mac, Series K055, Class A2, Multi Family, 2.673% 2026 10,050,000 10,011,850
Freddie Mac, Series K057, Class A2, Multi Family, 2.57% 2026 4,855,000 4,793,031
Freddie Mac, Series K063, Class A2, Multi Family, 3.43% 2027 4,375,000 4,556,777
Freddie Mac, Series K066, Class A2, Multi Family, 3.117% 2027 4,755,000 4,845,516
Freddie Mac, Series K067, Class A2, Multi Family, 3.194% 2027 5,770,000 5,912,582
Freddie Mac, Series K069, Class A2, Multi Family, 3.187% 2027 2,280,000 2,332,285
Freddie Mac, Series K070, Class A2, Multi Family, 3.303% 2027 3,145,000 3,244,602
Freddie Mac, Series K072, Class A2, Multi Family, 3.444% 2027 1,980,000 2,064,275
Freddie Mac, Series K073, Class A2, Multi Family, 3.35% 2028 3,571,000 3,695,264
Freddie Mac, Series K075, Class A2, Multi Family, 3.65% 2028 5,900,000 6,239,498
Freddie Mac, Series K076, Class A2, Multi Family, 3.9% 2028 16,930,000 18,242,194
Freddie Mac, Series K080, Class A2, Multi Family, 3.926% 2028 8,320,000 8,996,607
Freddie Mac, Series K089, Class A2, 3.563% 2029 4,400,000 4,621,980
Freddie Mac, Series K723, Class A2, Multi Family, 2.454% 2023 3,025,000 3,012,201
Freddie Mac, Series K725, Class A2, Multi Family, 3.002% 2024 5,555,000 5,653,340
Freddie Mac, Series K733, Class A2, Multi Family, 3.75% 2025 13,000,000 13,742,768
Freddie Mac, Series KS01, Class A1, Multi Family, 1.693% 2022 1,239,916 1,223,952
Freddie Mac, Series T-041, Class 3A, 5.439% 2032 289,706 312,509
Freeport-McMoRan Inc. 3.55% 2022 13,160,000 13,044,850
Frontier Communications Corp. 10.50% 2022 1,015,000 779,013
Frontier Communications Corp. 11.00% 2025 27,080,000 17,978,954
G.O. Bonds, Pension Funding Series 2003, 5.10% 2033 5,000,000 4,917,050
General Dynamics Corp. 3.375% 2023 3,106,000 3,194,922
General Dynamics Corp. 3.50% 2025 4,804,000 4,973,178
General Dynamics Corp. 3.75% 2028 720,000 759,890
General Electric Co. 2.70% 2022 6,535,000 6,421,415
General Mills, Inc. 3.70% 2023 195,000 200,078
General Motors Co. 4.35% 2025 1,920,000 1,914,703
General Motors Co. 5.40% 2048 1,300,000 1,194,762
General Motors Co. 6.75% 2046 125,000 130,523
General Motors Financial Co. 2.35% 2019 3,500,000 3,491,740
General Motors Financial Co. 3.45% 2022 3,625,000 3,627,998
General Motors Financial Co. 3.45% 2022 2,000,000 2,001,886
General Motors Financial Co. 3.50% 2024 6,600,000 6,384,253
General Motors Financial Co. 3.70% 2020 6,355,000 6,409,971
General Motors Financial Co. 4.30% 2025 1,250,000 1,244,965
General Motors Financial Co. 4.35% 2027 1,000,000 973,637
Genesis Energy, LP 6.50% 2025 2,725,000 2,663,688
Genesis Energy, LP 6.75% 2022 4,537,000 4,661,768
Georgia-Pacific Corp. 2.539% 2019 7,000,000 6,988,471
GlaxoSmithKline PLC 2.875 2022 8,500,000 8,551,901
GlaxoSmithKline PLC 3.00% 2024 6,470,000 6,513,090
GlaxoSmithKline PLC 3.625% 2025 3,585,000 3,714,530
Glencore Funding LLC 4.125% 2024 945,000 956,000
Global SC Finance II SRL, Series 2013-1A, Class A, 2.98% 2028 102,083 101,098
Global SC Finance II SRL, Series 2014-1A, Class A1, 3.19% 2029 237,333 235,462
Global SC Finance II SRL, Series 2017-1A, Class A, 3.85% 2037 1,633,956 1,642,046
Gogo Inc. 12.50% 2022 21,905,000 23,712,163
Gogo Inc., convertible notes, 6.00% 2022 1,390,000 1,352,706
Goldman Sachs Group, Inc. 2.55% 2019 4,421,000 4,415,010
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022) 4,736,000 4,686,982
Goldman Sachs Group, Inc. 3.625% 2024 6,000,000 6,066,372
Goldman Sachs Group, Inc. 3.691% 2028 (3-month USD-LIBOR + 1.51% on 6/5/2027) 2,000,000 1,982,064
Goldman Sachs Group, Inc. 4.223% 2029 (3-month USD-LIBOR + 1.301% on 5/1/2028) 3,755,000 3,846,044
Government National Mortgage Assn. 4.00% 2048 1,784,181 1,848,747
Government National Mortgage Assn. 4.00% 2048 15,639,757 16,205,869
Government National Mortgage Assn. 4.00% 2049 97,250,000 100,452,443
Government National Mortgage Assn. 4.50% 2049 426,000 442,447
Government National Mortgage Assn. 4.50% 2049 5,046,920 5,249,821
Government National Mortgage Assn. 4.50% 2049 39,229,968 40,805,091
Government National Mortgage Assn. 4.50% 2049 45,422,088 47,248,192
Government National Mortgage Assn. Pool #MA5263 3.50% 2048 18,748,130 19,174,013
Government National Mortgage Assn. Pool #MA5397 3.50% 2048 9,999,001 10,225,379
Government National Mortgage Assn. Pool #MA5762 3.50% 2049 18,998,105 19,427,975
Great Plains Energy Inc. 4.20% 2047 4,983,000 5,218,302
Groupe BPCE SA 2.75% 2023 2,950,000 2,915,907
Groupe BPCE SA 5.15% 2024 3,000,000 3,134,088
Groupe BPCE SA 5.70% 2023 3,460,000 3,692,913
Gulf Power Co. 3.30% 2027 7,100,000 7,139,220
H.I.G. Capital, LLC 6.75% 2024 2,366,000 2,235,870
HCA Inc. 5.875% 2023 2,125,000 2,271,094
HSBC Holdings PLC 3.262% 2023 (3-month USD-LIBOR + 1.055% on 3/13/2022) 1,500,000 1,504,811
HSBC Holdings PLC 3.683% 2024 750,000 744,253
HSBC Holdings PLC 3.803% 2024 11,820,000 12,007,028
HSBC Holdings PLC 3.95% 2024 (3-month USD-LIBOR + 0.987% on 5/18/2023) 625,000 638,085
HSBC Holdings PLC 4.25% 2024 3,000,000 3,070,533
HSBC Holdings PLC 4.583% 2029 (3-month USD-LIBOR + 1.535% on 6/19/2028) 4,500,000 4,739,441
HUB International Ltd. 7.00% 2026 165,000 163,763
Halliburton Co. 3.80% 2025 260,000 266,149
Hanesbrands Inc. 4.625% 2024 660,000 665,082
Hanesbrands Inc. 4.875% 2026 2,700,000 2,677,320
Hardwoods Acquisition Inc. 7.50% 2021 2,328,000 1,455,000
HealthSouth Corp. 5.75% 2024 6,850,000 6,961,313
HealthSouth Corp. 5.75% 2025 3,285,000 3,354,806
Hertz Global Holdings Inc. 7.625% 2022 9,150,000 9,387,900
Holcim Ltd. 5.15% 2023 2,395,000 2,527,511
Home Depot, Inc 3.25% 2022 1,175,000 1,202,571
Home Depot, Inc. 3.90% 2028 1,075,000 1,145,081
Home Depot, Inc. 4.25% 2046 3,500,000 3,726,436
Home Depot, Inc. 4.50% 2048 2,600,000 2,891,291
Hospitality Properties Trust 3.95% 2028 1,950,000 1,790,336
Hospitality Properties Trust 4.50% 2023 1,945,000 1,970,896
Hospitality Properties Trust 4.50% 2025 150,000 149,199
Hospitality Properties Trust 4.95% 2027 500,000 498,603
Host Hotels & Resorts LP 4.50% 2026 355,000 362,162
Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2013-2-A, AMT, 4.00% 2043 20,000 20,689
Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2014-F, 4.00% 2034 10,000 10,114
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2014-A, 4.00% 2038 165,000 171,640
Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 167, 4.00% 2043 5,000 5,157
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-A-1, 4.00% 2044 50,000 51,571
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-C-1, 4.00% 2044 70,000 72,525
Housing Fin. Auth., Mortgage Rev. Ref. Bonds, Series 2014, AMT, 4.00% 2041 50,000 52,028
Hyundai Capital America 3.25% 2022 480,000 477,651
Icahn Enterprises Finance Corp. 6.25% 2022 5,675,000 5,835,886
Imperial Tobacco Finance PLC 3.50% 2023 4,000,000 4,000,812
Infor Software 7.125% 2021 4,300,000 4,327,348
Inmarsat PLC 4.875% 2022 9,800,000 9,997,960
Inmarsat PLC 6.50% 2024 2,550,000 2,683,875
Intelsat Jackson Holding Co. 6.625% 2024 1,400,000 1,400,584
Intelsat Jackson Holding Co. 8.00% 2024 3,075,000 3,213,375
Intelsat Jackson Holding Co. 8.50% 2024 9,225,000 9,017,438
International Paper Co. 7.30% 2039 2,005,000 2,534,948
Interstate Power and Light Co. 3.25% 2024 1,000,000 1,005,992
Intesa Sanpaolo SpA 3.375% 2023 1,500,000 1,465,616
Intesa Sanpaolo SpA 3.875% 2027 1,250,000 1,148,523
Intesa Sanpaolo SpA 5.017% 2024 2,855,000 2,762,170
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2013-A, 3.00% 2043 15,000 15,184
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2013-C, 4.50% 2043 5,000 5,046
JPMorgan Chase & Co. 2.25% 2020 8,464,000 8,434,164
JPMorgan Chase & Co. 2.55% 2021 497,000 495,750
JPMorgan Chase & Co. 3.54% 2028 (3-month USD-LIBOR + 1.38% on 5/1/2027) 3,000,000 3,007,269
JPMorgan Chase & Co. 3.559% 2024 (3-month USD-LIBOR + 0.73% on 4/23/2023) 16,003,000 16,290,878
JPMorgan Chase & Co. 3.96% 2027 (3-month USD-LIBOR + 1.245% on 01/29/2026) 4,500,000 4,658,310
JPMorgan Chase & Co. 4.005% 2029 (3-month USD-LIBOR + 1.12% on 4/23/2028) 2,000,000 2,057,882
JPMorgan Chase & Co. 4.203% 2024 (3-month USD-LIBOR + 1.00% on 12/05/2023) 6,026,000 6,258,851
JPMorgan Chase & Co. 4.203% 2029 (3-month USD-LIBOR + 1.26% on 07/23/2028) 6,500,000 6,792,838
JPMorgan Chase & Co. 6.30% 2019 3,281,000 3,287,854
JPMorgan Chase & Co., Series Z, junior subordinated 5.30% (undated) (3-month USD-LIBOR + 3.80% on 5/1/2020) 2,700,000 2,728,904
Jaguar Holding Co. 6.375% 2023 1,600,000 1,634,000
Jersey Central Power & Light Co. 4.3% 2026 3,335,000 3,477,341
Johnson & Johnson 2.45% 2026 5,285,000 5,176,377
Jonah Energy LLC 7.25% 2025 2,950,000 1,578,250
KLA-TENCOR CORPORATION 5.35% 03-15-49 2,400,000 2,547,204
Keurig Dr Pepper Inc. 4.057% 2023 2,000,000 2,059,176
Keurig Dr Pepper Inc. 4.417% 2025 4,110,000 4,267,261
Keurig Dr Pepper Inc. 4.597% 2028 3,266,000 3,408,097
Keurig Dr Pepper Inc. 4.985% 2038 7,161,000 7,330,479
Keurig Dr Pepper Inc. 5.085% 2048 279,000 286,578
KfW 2.125% 2022 375,000 371,951
Kinder Morgan Energy Partners, LP 3.50% 2021 15,000 15,151
Kinder Morgan, Inc. 4.30% 2028 4,359,000 4,509,468
Kinder Morgan, Inc. 5.20% 2048 756,000 798,539
Kinetic Concepts, Inc. 12.50% 2021 2,370,000 2,571,450
Kronos Inc., Term Loan B, (3-month USD-LIBOR + 8.25%) 10.986% 2024 4,375,000 4,450,779
LB-UBS Commercial Mortgage Trust, Series 2007-C6, Class AM, 6.114% 2040 78,683 78,781
LEGACY MORTGAGE ASSET TRUST, Series 2019-GS2, Class A1, 3.75% 2059 1,030,000 1,038,406
LSB Industries, Inc. 9.625% 2023 2,860,000 2,974,972
LSC Communications, Inc. 8.75% 2023 3,475,000 3,692,188
Liberty Global PLC 5.50% 2028 2,275,000 2,275,000
Ligado Networks, Term Loan, (3-month USD-LIBOR + 8.75%) 11.357% 2020 14,569,316 10,793,430
Limited Brands, Inc. 5.25% 2028 1,160,000 1,035,300
Limited Brands, Inc. 6.875% 2035 610,000 529,938
Lloyds Banking Group PLC 2.907% 2023 (3-month USD-LIBOR + 0.81% on 11/7/2022) 750,000 731,167
Lloyds Banking Group PLC 4.05% 2023 2,000,000 2,041,504
Lloyds Banking Group PLC 4.375% 2028 2,150,000 2,205,593
Lloyds Banking Group PLC 4.45% 2025 800,000 831,582
Lloyds Banking Group PLC 4.582% 2025 750,000 759,967
Lockheed Martin Corp. 2.50% 2020 6,015,000 5,999,193
Lockheed Martin Corp. 3.10% 2023 545,000 551,452
Lockheed Martin Corp. 3.55% 2026 3,490,000 3,606,392
Lowe's Companies, Inc. 2.50% 2026 2,220,000 2,098,830
MASTR Alternative Loan Trust, Series 2004-2, Class 2A1, 6.00% 2034 706,868 753,132
MGM Resorts International 7.75% 2022 1,700,000 1,882,750
MPLX LP 4.125% 2027 500,000 504,016
MPLX LP 4.50% 2038 750,000 715,231
Mallinckrodt PLC 4.875% 2020 10,990,000 10,990,000
Manitoba (Province of) 3.05% 2024 2,600,000 2,655,692
Marathon Oil Corp. 4.40% 2027 1,005,000 1,036,275
Marsh & McLennan Companies, Inc. 3.875% 2024 1,420,000 1,474,821
Marsh & McLennan Companies, Inc. 4.375% 2029 4,540,000 4,814,184
Marsh & McLennan Companies, Inc. 4.90% 2049 1,539,000 1,694,180
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 3.75%) 6.249% 2024 2,939,504 2,937,667
McDonald's Corp. 3.35% 2023 420,000 429,055
Medtronic, Inc. 3.50% 2025 3,000,000 3,100,824
Mello Warehouse Securitization Trust, 2018-W1, Class A (1-month USD-LIBOR + 0.85%) 3.336% 2051 1,690,000 1,694,076
Merck & Co., Inc. 2.90% 2024 4,471,000 4,533,366
Merck & Co., Inc. 3.40% 2029 3,240,000 3,331,413
Merck & Co., Inc. 4.00% 2049 2,000,000 2,081,686
Meredith Corp. 6.875% 2026 825,000 872,438
Meritage Homes Corp. 5.125% 2027 2,675,000 2,600,635
Metropolitan Edison Co. 4.30% 2029 5,000,000 5,242,860
Metropolitan Life Global Funding I 1.95% 2021 2,500,000 2,452,083
Metropolitan Life Global Funding I 2.50% 2020 8,000,000 7,973,184
Metropolitan Life Global Funding I 3.60% 2024 3,000,000 3,092,925
Microsoft Corp. 3.30% 2027 2,000,000 2,057,864
Microsoft Corp. 4.10% 2037 1,000,000 1,090,727
Microsoft Corp. 4.20% 2035 6,000,000 6,614,616
Microsoft Corp. 4.25% 2047 250,000 279,645
MidAmerican Energy Holdings Co. 3.10% 2027 2,000,000 2,014,206
MidAmerican Energy Holdings Co. 4.25% 2049 2,000,000 2,132,686
Molina Healthcare, Inc. 4.875% 2025 5,242,000 5,202,685
Molina Healthcare, Inc. 5.375% 2022 12,235,000 12,747,157
Molson Coors Brewing Co. 1.45% 2019 425,000 423,309
Molson Coors Brewing Co. 2.25% 2020 1,725,000 1,714,472
Molson Coors Brewing Co. 3.00% 2026 460,000 436,127
Molson Coors Brewing Co. 4.20% 2046 2,950,000 2,631,604
Morgan Stanley 2.50% 2021 3,000,000 2,983,473
Morgan Stanley 3.125% 2026 325,000 317,108
Morgan Stanley 3.737% 2024 (3-month USD-LIBOR + 0.847% on 4/24/2023) 6,900,000 7,045,549
Morgan Stanley 4.431% 2030 (3-month USD-LIBOR + 1.628% on 1/23/2029) 19,553,000 20,655,398
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class ASB, 3.04% 2048 1,180,000 1,189,730
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C27, Class ASB, 3.557% 2047 1,000,000 1,029,248
Morgan Stanley Capital I Trust, Series 2014-CPT, Class A, 3.35% 2029 2,650,000 2,685,367
Mosaic Co. 3.25% 2022 1,788,000 1,793,677
Mosaic Co. 4.05% 2027 1,587,000 1,587,059
NGL Energy Partners LP 6.125% 2025 7,435,000 7,211,950
National Australia Bank Ltd. 1.375% 2019 475,000 473,334
National Australia Bank Ltd. 1.875% 2021 475,000 465,356
National Grid PLC 3.15% 2027 275,000 269,186
National Rural Utilities Cooperative Finance Corp. 3.05% 2027 6,000,000 5,888,598
National Rural Utilities Cooperative Finance Corp. 3.70% 2029 5,520,000 5,744,222
Nationstar HECM Loan Trust, Series 2018-1A, Class A, 2.76% 2028 335,648 334,980
Navient Corp. 4.875% 2019 5,381,000 5,391,089
Navient Corp. 5.50% 2023 8,015,000 8,055,075
Navient Corp. 6.125% 2024 3,225,000 3,237,094
Navient Corp. 6.50% 2022 3,675,000 3,839,228
Neon Holdings, Inc. 10.125% 2026 1,485,000 1,518,413
Nestle Holdings, Inc. 3.35% 2023 750,000 773,274
New York Life Global Funding 1.70% 2021 1,500,000 1,464,441
New York Life Global Funding 2.30% 2022 500,000 493,072
New York Life Global Funding 2.35% 2026 1,190,000 1,133,957
NextEra Energy Capital Holdings, Inc. 2.90% 2022 9,651,000 9,669,337
NextEra Energy Capital Holdings, Inc. 3.15% 2024 5,260,000 5,292,207
NextEra Energy, Inc. 3.50% 2029 2,185,000 2,188,081
NiSource Finance Corp. 2.65% 2022 675,000 665,263
Noble Corp. PLC 7.95% 2025 3,175,000 2,762,250
Noble Corp. PLC 8.95% 2045 3,525,000 2,767,125
Noble Energy, Inc. 4.95% 2047 375,000 371,619
Nordea Bank AB 2.50% 2020 2,450,000 2,439,730
Northern States Power Co. 4.125% 2044 6,000,000 6,307,110
Northrop Grumman Corp. 2.93% 2025 7,325,000 7,233,145
Northrop Grumman Corp. 3.25% 2028 6,420,000 6,321,928
Nova Chemicals Corp. 5.25% 2027 4,825,000 4,752,625
Novelis Corp. 5.875% 2026 2,600,000 2,593,500
Orange SA 5.50% 2044 1,500,000 1,735,269
Owens & Minor, Inc. 3.875% 2021 7,935,000 6,348,000
Owens & Minor, Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 6.989% 2025 1,900,450 1,451,469
PNC Bank 1.45% 2019 3,340,000 3,326,496
PNC Bank 2.30% 2020 250,000 248,974
PNC Bank 2.55% 2021 9,000,000 8,949,159
PNC Financial Services Group, Inc. 2.854% 2022 1,445,000 1,444,072
PNC Financial Services Group, Inc. 3.50% 2024 3,850,000 3,957,627
PNC Financial Services Group, Inc. 3.90% 2024 2,000,000 2,068,572
PacifiCorp., First Mortgage Bonds, 3.50% 2029 4,000,000 4,096,844
PacifiCorp., First Mortgage Bonds, 3.60% 2024 6,695,000 6,937,105
PacifiCorp., First Mortgage Bonds, 4.125% 2049 5,500,000 5,704,732
PacifiCorp., First Mortgage Bonds, 4.15% 2050 3,000,000 3,121,896
Pacific Gas and Electric Co. 2.95% 2026 250,000 220,000
Pacific Gas and Electric Co. 4.25% 2023 7,445,000 6,961,075
Pacific Gas and Electric Co. 4.65% 2028 750,000 693,750
Par Pharmaceutial Companies Inc. 7.5% 2027 5,335,000 5,421,694
Peabody Energy Corp. 6.00% 2022 2,150,000 2,174,188
Petróleos Mexicanos 5.35% 2028 1,870,000 1,740,035
Petsmart, Inc. 5.875% 2025 17,985,000 15,152,363
Petsmart, Inc. 8.875% 2025 8,790,000 6,614,475
Petsmart, Inc., Term Loan B-2, (3-month USD-LIBOR + 3.00%) 5.49% 2022 5,978,415 5,376,837
Pfizer Inc. 2.80% 2022 4,250,000 4,290,821
Pfizer Inc. 2.95% 2024 3,825,000 3,877,628
Pfizer Inc. 3.45% 2029 14,455,000 14,857,355
Pfizer Inc. 4.0% 2049 1,910,000 1,975,824
Philip Morris International Inc. 1.875% 2021 2,000,000 1,975,556
Philip Morris International Inc. 2.00% 2020 2,000,000 1,986,950
Philip Morris International Inc. 2.375% 2022 1,960,000 1,936,186
Philip Morris International Inc. 2.50% 2022 2,400,000 2,381,059
Philip Morris International Inc. 2.625% 2022 1,670,000 1,668,963
Philip Morris International Inc. 3.25% 2024 5,000,000 5,078,795
Philip Morris International Inc. 4.25% 2044 2,050,000 1,997,700
Phillips 66 3.90% 2028 1,645,000 1,676,727
Phillips 66 Partners LP 3.55% 2026 160,000 157,373
Phillips 66 Partners LP 3.75% 2028 530,000 523,187
Phillips 66 Partners LP 4.68% 2045 400,000 393,245
Phillips 66 Partners LP 4.90% 2046 275,000 280,836
Pioneer Natural Resources Co. 3.45% 2021 3,345,000 3,381,333
Pisces Parent LLC 8.00% 2026 4,695,000 4,233,810
Procter & Gamble Co. 1.70% 2021 400,000 392,940
Prudential Financial, Inc. 3.50% 2024 4,000,000 4,143,412
Prudential Financial, Inc. 3.878% 2028 500,000 526,300
Prudential Financial, Inc. 4.35% 2050 11,560,000 11,985,963
Prudential Financial, Inc. 4.418% 2048 250,000 260,700
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2014-A, 5.50% 2054 875,000 968,310
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-A, 5.00% 2050 840,000 923,958
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-E, 5.25% 2055 2,765,000 3,085,076
Public Service Co. of Colorado 2.25% 2022 2,000,000 1,976,034
Public Service Co. of Colorado 4.10% 2048 600,000 633,750
Public Service Enterprise Group Inc. 2.25% 2026 385,000 362,758
Public Service Enterprise Group Inc. 2.65% 2022 2,850,000 2,828,645
Public Storage 2.37% 2022 565,000 559,584
Puget Energy, Inc. 5.625% 2022 1,965,000 2,097,975
Puget Energy, Inc. 6.00% 2021 1,823,000 1,938,662
Puget Energy, Inc. 6.50% 2020 1,245,000 1,314,065
QGOG Constellation SA 9.50% 2024 855,465 320,799
Qatar (State of) 3.375% 2024 2,315,000 2,340,326
Qatar (State of) 4.00% 2029 745,000 768,975
Qatar (State of) 4.817% 2049 1,003,000 1,057,194
Quebec (Province of) 2.375% 2022 5,057,000 5,052,044
Quebec (Province of) 2.75% 2027 9,000,000 8,860,500
R.R. Donnelley & Sons Co. 6.50% 2023 3,310,000 3,401,025
Rabobank Nederland 2.75% 2022 2,825,000 2,824,446
Rabobank Nederland 4.375% 2025 5,000,000 5,162,105
Rayonier Advanced Materials Inc. 5.50% 2024 3,304,000 3,114,020
Realogy Corp. 4.875% 2023 1,090,000 1,019,150
Realogy Corp. 5.25% 2021 3,075,000 3,101,906
Realogy Corp. 9.375% 2027 2,545,000 2,611,806
Reckitt Benckiser Group PLC 2.375% 2022 1,125,000 1,108,767
Reynolds American Inc. 4.45% 2025 5,705,000 5,866,822
Reynolds American Inc. 5.70% 2035 380,000 394,068
Reynolds American Inc. 5.85% 2045 2,030,000 2,088,939
Roche Holdings, Inc. 1.75% 2022 1,165,000 1,137,802
Roche Holdings, Inc. 2.875% 2021 2,043,000 2,053,934
Roche Holdings, Inc. 3.00% 2025 4,673,000 4,713,393
Roche Holdings, Inc. 3.35% 2024 935,000 960,487
Rockwell Collins, Inc. 1.95% 2019 550,000 548,648
Rockwell Collins, Inc. 2.80% 2022 3,745,000 3,738,727
Roper Technologies, Inc. 2.80% 2021 1,815,000 1,810,308
Roper Technologies, Inc. 3.80% 2026 410,000 415,498
Rotech Healthcare Inc., Term Loan A, (3-month USD-LIBOR + 3.25%) 0% 2023 3,655,156 3,655,156
Rotech Healthcare Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.797% 2023 8,106,921 7,817,869
Royal Bank of Canada 1.875% 2020 7,000,000 6,955,865
Ryerson Inc. 11.00% 2022 7,690,000 8,132,175
SCANA Corp. 6.25% 2020 3,759,000 3,845,656
Sabine Pass Liquefaction, LLC 4.20% 2028 1,745,000 1,762,361
Sabine Pass Liquefaction, LLC 5.875% 2026 1,235,000 1,375,678
Sally Holdings LLC and Sally Capital Inc. 5.50% 2023 340,000 342,763
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 5,400,000 5,386,500
Santander Drive Auto Receivables Trust, Series 2015-3, Class C, 2.74% 2021 574,802 574,790
Santander Drive Auto Receivables Trust, Series 2015-4, Class C, 2.97% 2021 74,123 74,142
Santander Drive Auto Receivables Trust, Series 2016-2, Class C, 2.66% 2021 454,702 454,514
Santander Drive Auto Receivables Trust, Series 2017-1, Class B, 2.10% 2021 329,826 329,537
Santander Drive Auto Receivables Trust, Series 2017-1, Class C, 2.58% 2022 1,718,000 1,713,552
Saudi Arabia (Kingdom of) 3.625% 2028 2,060,000 2,045,920
Saudi Arabia (Kingdom of) 4.375% 2029 2,040,000 2,129,507
Saudi Arabia (Kingdom of) 5.25% 2050 955,000 1,020,766
Scentre Group 3.25% 2025 1,000,000 982,788
Scentre Group 3.50% 2025 3,075,000 3,076,067
Scentre Group 3.75% 2027 2,430,000 2,439,880
Schlumberger BV 3.625% 2022 500,000 514,293
Schlumberger BV 3.75% 2024 970,000 992,294
Schlumberger BV 4.00% 2025 70,000 72,281
Scientific Games Corp. 8.25% 2026 2,260,000 2,310,850
Sequoia Mortgage Trust, Series 2018-CH1, Class A1, 4.00% 2048 4,339,972 4,427,822
Shell International Finance BV 1.875% 2021 2,000,000 1,973,638
Shell International Finance BV 2.25% 2020 1,965,000 1,957,280
Shell International Finance BV 3.50% 2023 2,235,000 2,312,943
Shell International Finance BV 3.875% 2028 3,340,000 3,545,063
Sherwin-Williams Co. 2.25% 2020 2,250,000 2,237,270
Sherwin-Williams Co. 2.75% 2022 585,000 581,919
Sherwin-Williams Co. 3.125% 2024 275,000 273,590
Sherwin-Williams Co. 3.45% 2027 1,395,000 1,373,065
Sherwin-Williams Co. 4.50% 2047 1,400,000 1,384,223
Shire PLC 2.40% 2021 4,498,000 4,448,733
Shire PLC 2.875% 2023 3,413,000 3,374,556
Shire PLC 3.20% 2026 17,080,000 16,532,296
Siemens AG 2.70% 2022 2,685,000 2,684,621
Sirius XM Radio Inc. 3.875% 2022 3,450,000 3,441,375
Skandinaviska Enskilda Banken AB 1.875% 2021 1,675,000 1,632,678
Skandinaviska Enskilda Banken AB 2.625% 2021 250,000 249,124
Skandinaviska Enskilda Banken AB 2.80% 2022 700,000 698,200
South Carolina Electric & Gas Co. 4.25% 2028 2,125,000 2,296,417
South Carolina Electric & Gas Co. 5.45% 2041 768,000 916,132
Southern California Edison Co. 3.40% 2023 150,000 148,979
Southern California Edison Co. 3.50% 2023 700,000 696,748
Southern California Edison Co. 3.70% 2025 4,750,000 4,727,585
Southern California Edison Co. 4.00% 2047 5,500,000 5,157,147
Southern California Edison Co. 4.125% 2048 2,042,000 1,960,604
Southern California Edison Co. 4.20% 2029 2,550,000 2,592,299
Southern California Edison Co. 4.875% 2049 5,933,000 6,304,364
Southern California Edison Co., 2.90% 2021 55,000 54,623
Southern California Edison Co., Series C, 3.60% 2045 1,999,000 1,757,015
Springleaf Finance Corp. 6.125% 2024 2,450,000 2,511,201
Staples Inc. 8.50% 2025 1,915,000 2,096,925
Starbucks Corp. 3.10% 2023 1,338,000 1,352,276
Starbucks Corp. 3.80% 2025 6,544,000 6,754,684
Starbucks Corp. 4.00% 2028 185,000 193,661
Starbucks Corp. 4.50% 2048 1,745,000 1,788,503
Starwood Property Trust, Inc. 5.00% 2021 2,700,000 2,781,000
Statoil ASA 2.75% 2021 1,925,000 1,938,100
Statoil ASA 3.25% 2024 2,850,000 2,920,218
Statoil ASA 4.25% 2041 2,000,000 2,133,510
Sunoco LP 4.875% 2023 990,000 1,008,216
Swiss Re Finance (Luxembourg) S.A. 5.00% 2049 (H15T5Y + 3.582% on 04/02/2029) 2,800,000 2,840,583
Symphony Ltd., CLO, Series 2013-12A,Class AR, (3-month USD-LIBOR + 1.03%) 3.817% 2025 7,698,068 7,698,145
Synchrony Credfit Card Master Note Trust, Series 2018-A1, Class A1, 3.38% 2024 8,930,000 9,090,061
Synchrony Credfit Card Master Note Trust, Series 2019-1, Class A 2.95% 03-15-25 5,400,000 5,435,100
TAL Advantage V LLC, Series 2013-2A, Class A, 3.55% 2038 1,222,667 1,222,154
TAL Advantage V LLC, Series 2014-1A, Class A, 3.51% 2039 1,130,833 1,130,580
Takeda Pharmaceutical Co., Ltd. 4.40% 2023 13,370,000 14,064,358
Takeda Pharmaceutical Co., Ltd. 5.00% 2028 3,750,000 4,072,549
Talen Energy Corp. 10.50% 2026 885,000 926,595
Talen Energy Corp. 9.50% 2022 2,795,000 3,018,600
Tampa Electric Co. 4.35% 2044 3,805,000 3,874,491
Team Health Holdings, Inc. 6.375% 2025 4,660,000 3,803,725
Teekay Corp. 8.50% 2020 17,530,000 17,705,300
Teekay Offshore Partners LP 8.50% 2023 3,450,000 3,398,250
Tenet Healthcare Corp. 4.375% 2021 3,650,000 3,731,760
Tenet Healthcare Corp. 4.50% 2021 4,500,000 4,590,000
Tenet Healthcare Corp. 4.625% 2024 3,153,000 3,172,706
Tenet Healthcare Corp. 4.75% 2020 3,290,000 3,343,463
Tenet Healthcare Corp., 6.00% 2020 11,580,000 12,028,725
Teva Pharmaceutical Finance Co. BV 2.80% 2023 6,896,000 6,159,121
Teva Pharmaceutical Finance Co. BV 3.15% 2026 27,048,000 22,140,438
Teva Pharmaceutical Finance Co. BV 4.10% 2046 3,550,000 2,530,969
Teva Pharmaceutical Finance Co. BV 6.00% 2024 1,780,000 1,787,839
Teva Pharmaceutical Finance Company BV 2.20% 2021 7,965,000 7,598,044
The Dun & Bradstreet Corp. 6.875% 2026 1,780,000 1,823,388
The Dun & Bradstreet Corp. Term Loan B, (3-month USD-LIBOR + 5.00%) 7.49% 2026 2,155,000 2,139,736
Time Warner Inc. 3.80% 2027 305,000 303,723
Toronto-Dominion Bank 3.25% 2024 5,120,000 5,187,036
Total Capital International 3.455% 2029 14,140,000 14,505,703
Total Capital SA 3.883% 2028 7,000,000 7,395,185
Towd Point Mortgage Trust, Series 2019-SJ1, Class A1, 3.75% 2058 3,065,000 3,076,555
Toyota Motor Credit Corp. 3.05% 2028 2,430,000 2,432,073
TransCanada PipeLines Ltd. 4.25% 2028 2,190,000 2,289,161
TransCanada PipeLines Ltd. 4.75% 2038 6,000,000 6,298,242
TransCanada PipeLines Ltd. 4.875% 2048 1,450,000 1,525,864
Transocean Inc. 9.00% 2023 2,929,000 3,134,030
Travelers Companies, Inc. 4.00% 2047 1,588,000 1,625,891
Travelers Companies, Inc. 4.10% 2049 5,400,000 5,617,048
Trilogy International Partners, LLC 8.875% 2022 10,350,000 10,065,375
Triton Container Finance LLC, Series 2017-1A, Class A, 3.52% 2042 2,019,887 2,013,739
Triton Container Finance LLC, Series 2017-2A, Class A, 3.62% 2042 1,750,808 1,741,847
Tronox Ltd. 6.50% 2026 1,550,000 1,485,133
U.S. Treasury 1.125% 2021 32,000,000 31,164,480
U.S. Treasury 1.25% 2020 78,000,000 77,195,820
U.S. Treasury 1.25% 2020 278,117,000 275,472,107
U.S. Treasury 1.375% 2020 46,500,000 46,031,280
U.S. Treasury 1.375% 2020 35,000,000 34,689,550
U.S. Treasury 1.375% 2021 49,410,000 48,593,747
U.S. Treasury 1.50% 2019 39,825,000 39,585,254
U.S. Treasury 1.50% 2020 500,000 494,955
U.S. Treasury 1.50% 2026 500,000 471,900
U.S. Treasury 1.625% 2020 125,000,000 123,786,250
U.S. Treasury 1.625% 2020 10,000,000 9,928,100
U.S. Treasury 1.625% 2023 18,000,000 17,577,360
U.S. Treasury 1.625% 2023 5,000,000 4,880,450
U.S. Treasury 1.625% 2026 7,000,000 6,693,330
U.S. Treasury 1.625% 2026 1,500,000 1,431,795
U.S. Treasury 1.75% 2021 9,500,000 9,382,675
U.S. Treasury 1.875% 2022 100,000,000 99,022,000
U.S. Treasury 1.875% 2022 5,000,000 4,944,300
U.S. Treasury 1.875% 2022 8,000,000 7,909,120
U.S. Treasury 2.00% 2022 25,000,000 24,805,250
U.S. Treasury 2.00% 2024 7,500,000 7,406,400
U.S. Treasury 2.00% 2025 44,800,000 43,994,048
U.S. Treasury 2.00% 2026 8,000,000 7,811,600
U.S. Treasury 2.125% 2022 37,000,000 36,866,800
U.S. Treasury 2.125% 2024 52,500,000 52,220,700
U.S. Treasury 2.125% 2024 10,000,000 9,951,100
U.S. Treasury 2.125% 2024 5,000,000 4,967,350
U.S. Treasury 2.125% 2024 10,250,000 10,176,200
U.S. Treasury 2.25% 2021 9,730,000 9,729,805
U.S. Treasury 2.25% 2023 5,000,000 5,002,650
U.S. Treasury 2.25% 2024 5,000,000 5,002,650
U.S. Treasury 2.25% 2027 126,075,000 125,225,255
U.S. Treasury 2.375% 2023 5,000,000 5,027,800
U.S. Treasury 2.375% 2024 70,000,000 70,398,300
U.S. Treasury 2.375% 2024 36,812,000 37,072,261
U.S. Treasury 2.375% 2027 880,000 881,646
U.S. Treasury 2.50% 2020 15,000,000 15,023,100
U.S. Treasury 2.50% 2021 200,000,000 200,744,000
U.S. Treasury 2.50% 2022 715,000 720,577
U.S. Treasury 2.50% 2023 29,000,000 29,305,660
U.S. Treasury 2.50% 2024 700,000 708,435
U.S. Treasury 2.50% 2024 225,000,000 227,731,500
U.S. Treasury 2.50% 2025 3,500,000 3,542,595
U.S. Treasury 2.50% 2026 14,549,000 14,723,443
U.S. Treasury 2.50% 2046 5,000,000 4,710,450
U.S. Treasury 2.625% 2025 4,966,000 5,060,304
U.S. Treasury 2.625% 2025 28,900,000 29,471,931
U.S. Treasury 2.625% 2029 63,794,500 65,040,407
U.S. Treasury 2.75% 2021 19,232,000 19,465,669
U.S. Treasury 2.75% 2023 31,326,000 31,958,785
U.S. Treasury 2.75% 2023 76,600,000 78,238,474
U.S. Treasury 2.75% 2025 3,229,200 3,314,419
U.S. Treasury 2.875% 2028 5,217,100 5,424,480
U.S. Treasury 2.875% 2046 103,550,000 105,036,978
U.S. Treasury 3.00% 2047 70,000,000 72,774,100
U.S. Treasury 3.00% 2047 12,460,000 12,936,346
U.S. Treasury 3.00% 2048 451,200 467,718
U.S. Treasury 3.375% 2048 52,977,000 59,064,587
U.S. Treasury 4.75% 2041 15,000,000 20,101,800
U.S. Treasury Inflation-Protected Security 0.125% 2021 39,720,296 39,423,639
U.S. Treasury Inflation-Protected Security 0.125% 2024 689,052 680,945
U.S. Treasury Inflation-Protected Security 0.125% 2026 21,002,200 20,558,740
U.S. Treasury Inflation-Protected Security 0.25% 2025 1,695,054 1,678,742
U.S. Treasury Inflation-Protected Security 0.375% 2027 18,496,033 18,347,163
U.S. Treasury Inflation-Protected Security 0.375% 2027 5,145,000 5,111,385
U.S. Treasury Inflation-Protected Security 0.50% 2028 61,227,600 61,151,940
U.S. Treasury Inflation-Protected Security 0.625% 2024 220,276,088 222,549,744
U.S. Treasury Inflation-Protected Security 0.75% 2028 17,548,475 17,963,313
U.S. Treasury Inflation-Protected Security 0.75% 2042 19,148,415 18,688,424
U.S. Treasury Inflation-Protected Security 0.875% 2047 7,820,625 7,759,133
U.S. Treasury Inflation-Protected Security 1.00% 2046 5,311,600 5,426,000
U.S. Treasury Inflation-Protected Security 1.375% 2044 138,542,023 153,441,024
U.S. Treasury Inflation-Protected Security 2.375% 2025 200,306 222,653
UBS Group AG 4.125% 2025 2,750,000 2,843,654
UDR, Inc. 2.95% 2026 760,000 728,588
US Bancorp 2.375% 2026 4,000,000 3,828,620
US Bancorp 2.625% 2022 1,805,000 1,808,303
US Bancorp 3.40% 2023 5,675,000 5,819,826
US Bancorp 3.70% 2024 7,000,000 7,281,127
US Bank NA 3.00% 2021 3,000,000 3,020,634
Uber Technologies, Inc. 8.00% 2026 3,700,000 3,949,750
Ultra Petroleum Corp. 11.00% 2024 4,670,000 2,778,650
UniCredit SpA 3.75% 2022 7,175,000 7,148,402
UniCredit SpA 4.625% 2027 625,000 613,928
UniCredit SpA 5.861% 2032 2,400,000 2,214,766
UniCredit SpA 6.572% 2022 475,000 497,909
Union Pacific Corp. 3.15% 2024 3,499,000 3,554,785
Union Pacific Corp. 3.70% 2029 10,170,000 10,465,622
Union Pacific Corp. 3.75% 2025 5,030,000 5,238,373
Union Pacific Corp. 3.95% 2028 4,250,000 4,465,114
Union Pacific Corp. 4.30% 2049 3,690,000 3,820,534
Unisys Corp. 10.75% 2022 3,125,000 3,457,031
United Parcel Service, Inc. 3.40% 2029 1,670,000 1,702,649
United Parcel Service, Inc. 4.25% 2049 850,000 887,729
United Technologies Corp. 3.125% 2027 4,000,000 3,915,656
United Technologies Corp. 3.65% 2023 1,544,000 1,586,083
United Technologies Corp. 3.95% 2025 8,245,000 8,576,408
United Technologies Corp. 4.125% 2028 1,960,000 2,044,539
UnitedHealth Group Inc. 3.375% 2027 500,000 507,249
UnitedHealth Group Inc. 3.50% 2024 4,500,000 4,638,366
UnitedHealth Group Inc. 3.875% 2028 2,500,000 2,622,675
UnitedHealth Group Inc. 4.45% 2048 4,715,000 5,142,471
Univision Communications Inc. 5.125% 2023 2,425,000 2,315,875
Valeant Pharmaceuticals International, Inc. 6.125% 2025 22,525,000 22,356,063
Valeant Pharmaceuticals International, Inc. 9.00% 2025 800,000 872,040
Valeant Pharmaceuticals International, Inc. 9.25% 2026 4,060,000 4,453,008
Venator Materials Corp. 5.75% 2025 3,775,000 3,331,438
Veritas Holdings Ltd. 7.50% 2023 1,275,000 1,224,000
Verizon Communications Inc. 4.016% 2029 8,800,000 9,113,658
Verizon Communications Inc. 4.40% 2034 1,471,000 1,534,491
Verizon Communications Inc. 4.50% 2033 2,740,000 2,905,523
Verizon Communications Inc. 4.862% 2046 2,250,000 2,408,297
Verizon Owner Trust, Series 2016-2A, Class A, 1.68% 2021 3,632,670 3,619,792
Verizon Owner Trust, Series 2017-1A, Class A, 2.06% 2021 8,215,000 8,190,125
Verizon Owner Trust, Series 2017-2A, Class A, 1.92% 2021 7,900,000 7,856,684
Vine Oil & Gas LP 8.75% 2023 2,500,000 2,000,000
Virgin Australia Holdings Ltd. 8.50% 2019 2,500,000 2,559,375
Virginia Electric and Power Co. 2.95% 2026 1,700,000 1,667,168
Virginia Electric and Power Co. 3.50% 2027 4,300,000 4,386,043
Virginia Electric and Power Co. 4.60% 2048 2,922,000 3,236,334
Visa Inc. 2.80% 2022 2,000,000 2,021,294
Visa Inc. 3.15% 2025 5,500,000 5,601,932
Vodafone Group PLC 3.75% 2024 5,550,000 5,602,742
Vodafone Group PLC 4.125% 2025 7,500,000 7,651,523
Vodafone Group PLC 4.375% 2028 2,920,000 2,973,503
Vodafone Group PLC 5.00% 2038 1,500,000 1,486,397
Vodafone Group PLC 5.25% 2048 1,660,000 1,662,794
Volkswagen Group of America Finance, LLC 4.00% 2021 4,988,000 5,091,945
Volkswagen Group of America Finance, LLC 4.25% 2023 8,955,000 9,235,900
Volkswagen Group of America Finance, LLC 4.625% 2025 7,085,000 7,341,902
WEA Finance LLC 3.25% 2020 5,305,000 5,339,345
WM. Wrigley Jr. Co. 3.375% 2020 500,000 505,201
Wal-Mart Stores, Inc. 2.35% 2022 1,000,000 995,112
Wal-Mart Stores, Inc. 3.40% 2023 6,580,000 6,790,224
Wal-Mart Stores, Inc. 3.70% 2028 2,081,000 2,192,897
Warrior Met Coal, Inc. 8.00% 2024 1,574,000 1,644,830
Weatherford International PLC 4.50% 2022 6,365,000 4,487,325
Weatherford International PLC 6.50% 2036 7,595,000 4,329,150
Weatherford International PLC 6.75% 2040 7,825,000 4,440,688
Weatherford International PLC 8.25% 2023 5,800,000 4,132,500
Weatherford International PLC 9.875% 2024 1,000,000 725,000
Weatherford International PLC 9.875% 2025 2,550,000 1,816,875
Wells Fargo & Co. 2.15% 2020 4,025,000 4,006,779
Wells Fargo & Co. 2.50% 2021 5,500,000 5,476,235
Wells Fargo & Co. 2.625% 2022 1,000,000 993,370
Wells Fargo & Co. 3.00% 2026 875,000 855,045
Wells Fargo & Co. 3.069% 2023 1,875,000 1,879,029
Wells Fargo & Co. 3.55% 2023 2,700,000 2,775,092
Wells Fargo & Co. 3.584% 2028 (3-month USD-LIBOR + 1.31% on 5/15/2027) 217,000 218,294
Wells Fargo & Co. 3.75% 2024 12,060,000 12,422,065
Wells Fargo & Co. 4.17% 01-24-29 3,625,000 3,794,088
Welltower Inc. 3.95% 2023 1,325,000 1,375,626
Western Gas Partners LP 4.65% 2026 450,000 456,593
Westfield Corp. Ltd. 3.15% 2022 4,290,000 4,306,276
Westlake Chemical Corp. 4.375% 2047 1,465,000 1,302,360
Westpac Banking Corp. 2.15% 2020 5,000,000 4,975,295
Westpac Banking Corp. 2.75% 2023 1,750,000 1,740,363
Wheels SPV 2 LLC, Series 2016-1A, Class A2, 1.59% 2025 31,404 31,376
Williams Partners LP 3.60% 2022 750,000 761,063
Williams Partners LP 4.30% 2024 85,000 88,458
Wind Tre SpA 5.00% 2026 6,500,000 5,947,500
World Financial Network Credit Card Master Note Trust, Series 2018-A, Class A, 3.07% 2024 7,000,000 7,040,201
World Financial Network Credit Card Master Note Trust, Series 2018-B, Class A, 3.46% 2025 8,275,000 8,423,412
World Financial Network Credit Card Master Note Trust, Series 2019-A, Class A, 3.15% 2022 5,375,000 5,430,051
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 2023 4,918,000 4,850,378
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.50% 2025 3,025,000 2,994,750
Ziggo Bond Finance BV 5.50% 2027 9,025,000 8,957,313
Zimmer Holdings, Inc. 3.15% 2022 7,070,000 7,094,646
Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
ASML Holding NV (New York registered) 1,865,000 350,713,250 1.40
AbbVie Inc. 2,835,800 228,537,122 0.92
Activision Blizzard, Inc. 519,500 23,652,835 0.09
Advanz Pharma Corp. 175,310 3,046,888 0.01
Advanz Pharma Corp. 41,857 727,475 0.00
Airbus SE, non-registered shares 835,249 110,465,293 0.44
Alcoa Corp. 2,500,000 70,400,000 0.28
Alphabet Inc., Class A 111,200 130,870,168 0.52
Alphabet Inc., Class C 108,600 127,421,466 0.51
Altria Group, Inc. 2,500,000 143,575,000 0.58
Amazon.com, Inc. 103,000 183,417,250 0.73
American Tower Corp. REIT 296,000 58,329,760 0.23
Aon PLC, Class A 205,000 34,993,500 0.14
Apollo Global Management, LLC, Class A 2,083,000 58,844,750 0.24
Arch Capital Group Ltd. 7,631,500 246,650,080 0.99
Associated Materials, LLC, 14.00% convertible preferred 2020 5,000 4,983,350 0.02
Associated Materials, LLC, warrants, expire 2023 71,030 0 0.00
Bank of America Corp. 6,000,000 165,540,000 0.66
Berkshire Hathaway Inc., Class A 61 18,374,115 0.07
BlackRock, Inc. 229,000 97,867,730 0.39
Bluebird Bio, Inc. 1,617,100 254,418,343 1.02
Boeing Co. 1,177,500 449,122,050 1.80
British American Tobacco PLC 875,000 36,400,221 0.15
Broadcom Inc. 1,995,000 599,916,450 2.40
CEVA Logistics AG 157,127 4,726,039 0.02
CME Group Inc., Class A 867,200 142,723,776 0.57
CMS Energy Corp. 2,284,700 126,892,238 0.51
CSX Corp. 1,456,400 108,967,848 0.44
Cabot Oil & Gas Corp. 5,000,000 130,500,000 0.52
Capital One Financial Corp. 1,750,000 142,957,500 0.57
Cenovus Energy Inc. 28,000,000 243,050,099 0.97
Charter Communications, Inc., Class A 27,126 9,410,281 0.04
Chevron Corp. 875,000 107,782,500 0.43
Chubb Ltd. 2,450,000 343,196,000 1.37
Cigna Corp. 1,250,000 201,025,000 0.81
Citigroup Inc. 2,500,000 155,550,000 0.62
Comcast Corp., Class A 8,250,000 329,835,000 1.32
ConocoPhillips 335,000 22,357,900 0.09
Corporate Risk Holdings Corp. 854 17 0.00
Corporate Risk Holdings I, Inc. 168,812 19,802 0.00
Crown Castle International Corp. REIT 755,000 96,640,000 0.39
Cumulus Media Inc., Class A 8,723 157,101 0.00
Cumulus Media Inc., Class B 10,599 190,888 0.00
DTE Energy Co. 226,000 28,191,240 0.11
Daiichi Sankyo Co., Ltd. 1,031,300 52,224,035 0.21
Danaher Corp., Series A, 4.75% cumulative convertible preferred 2022 8,400 8,845,116 0.04
Diamondback Energy, Inc. 175,000 17,767,750 0.07
Digital Realty Trust, Inc. REIT 525,000 62,475,000 0.25
Dillard's, Inc., Class A (USA) 1,700,000 122,434,000 0.49
DowDuPont Inc. 6,965,000 371,304,150 1.49
Eli Lilly and Co. 474,700 61,597,072 0.25
Exxon Mobil Corp. 640,000 51,712,000 0.21
Facebook, Inc., Class A 1,077,100 179,541,799 0.72
First Hawaiian, Inc. 400,000 10,420,000 0.04
First Quantum Minerals Ltd. 3,861,222 43,774,096 0.18
First Republic Bank 2,580,000 259,186,800 1.04
Franco-Nevada Corp. 292,832 21,954,457 0.09
General Motors Co. 4,100,000 152,110,000 0.61
Gilead Sciences, Inc. 1,500,000 97,515,000 0.39
HDFC Bank Ltd. 297,000 9,941,729 0.04
HP Inc. 1,908,100 37,074,383 0.15
Home Depot, Inc. 1,125,000 215,876,250 0.86
Humana Inc. 965,000 256,690,000 1.03
Intel Corp. 5,820,000 312,534,000 1.25
Intercontinental Exchange, Inc. 800,000 60,912,000 0.24
Intuit Inc. 1,000,000 261,410,000 1.05
JPMorgan Chase & Co. 1,600,000 161,968,000 0.65
Johnson & Johnson 3,672,000 513,308,880 2.06
Kindred Group PLC (SDR) 4,602,522 46,088,090 0.18
LVMH Moët Hennessy-Louis Vuitton SE 179,197 65,912,568 0.26
Largan Precision Co., Ltd. 340,000 50,745,445 0.20
Lockheed Martin Corp. 847,200 254,295,552 1.02
LyondellBasell Industries NV 1,200,000 100,896,000 0.40
MKS Instruments, Inc. 1,468,604 136,653,602 0.55
Marriott International, Inc., Class A 376,000 47,033,840 0.19
Mastercard Inc., Class A 451,000 106,187,950 0.43
Merck & Co., Inc. 2,420,300 201,296,351 0.81
Microsoft Corp. 6,500,000 766,610,000 3.07
MongoDB, Inc., Class A 446,940 65,709,119 0.26
NCI Building Systems, Inc. 2,283 13,219 0.00
NIKE, Inc., Class B 731,400 61,591,194 0.25
Nasdaq, Inc. 638,000 55,818,620 0.22
Nestlé SA 3,183,233 303,378,169 1.22
Nestlé SA (ADR) 900,000 85,788,000 0.34
Netflix, Inc. 148,600 52,984,816 0.21
Newmont Mining Corp. 620,000 22,177,400 0.09
Noble Energy, Inc. 12,000,000 296,760,000 1.19
Northrop Grumman Corp. 1,349,400 363,798,240 1.46
Oaktree Capital Group, LLC 2,610,000 129,586,500 0.52
PNC Financial Services Group, Inc. 500,000 61,330,000 0.25
Paycom Software, Inc. 357,800 67,670,714 0.27
Pfizer Inc. 1,815,000 77,083,050 0.31
Philip Morris International Inc. 5,430,000 479,957,700 1.92
RenaissanceRe Holdings Ltd. 357,000 51,229,500 0.21
RingCentral, Inc., Class A 652,300 70,317,940 0.28
Rotech Healthcare Inc. 184,138 1,104,828 0.00
Royal Dutch Shell PLC, Class B (ADR) 2,745,000 175,542,750 0.70
Royal Gold, Inc. 695,000 63,196,350 0.25
ServiceNow, Inc. 201,700 49,717,033 0.20
Suncor Energy Inc. 4,000,000 129,636,697 0.52
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) 14,016,000 574,095,360 2.30
Tesla, Inc. 52,000 14,552,720 0.06
Thermo Fisher Scientific Inc. 296,000 81,021,120 0.32
TransDigm Group Inc. 45,000 20,429,550 0.08
Tribune Resources, Inc. 926,514 2,594,239 0.01
Tribune Resources, Inc., Class A, warrants, expire 2023 311,755 76,286 0.00
Tribune Resources, Inc., Class B, warrants, expire 2023 242,476 43,985 0.00
Tribune Resources, Inc., Class C, warrants, expire 2023 227,540 31,992 0.00
UnitedHealth Group Inc. 2,016,300 498,550,338 2.00
VF Corp. 1,600,000 139,056,000 0.56
VeriSign, Inc. 2,000,000 363,120,000 1.45
Verizon Communications Inc. 2,040,000 120,625,200 0.48
Vertex Pharmaceuticals Inc. 260,000 47,827,000 0.19
Visa Inc., Class A 1,032,000 161,188,080 0.65
Waste Management, Inc. 214,000 22,236,740 0.09
Weatherford International PLC 60,000,000 41,880,000 0.17
Wells Fargo & Co. 3,500,000 169,120,000 0.68
WestRock Co. 1,362,700 52,259,545 0.21

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.