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Portfolio Holdings

American Funds Insurance Series - Bond Fund

As of December 31, 2017 (updated quarterly, upon availability)

Fixed-Income Securities* Shares or Principal Amount Market Value
3M COMPANY 4(2) CP 1/18/2018 50,000,000 49,960,350
3M Co. 2.25% 2023 1,220,000 1,210,546
ACE INA Holdings Inc. 2.30% 2020 2,105,000 2,102,352
ACE INA Holdings Inc. 2.875% 2022 3,725,000 3,777,683
ACE INA Holdings Inc. 3.35% 2026 2,625,000 2,681,102
ACE INA Holdings Inc. 4.35% 2045 2,320,000 2,623,616
AES Corp. 7.375% 2021 500,000 563,750
APPLE INC 4(2) CP 1/24/2018 50,000,000 49,947,850
APPLE INC 4(2) CP 1/4/2018 31,000,000 30,992,746
APPLE INC 4(2) CP 2/20/2018 50,000,000 49,891,800
ARAMARK Corp. 5.125% 2024 1,200,000 1,262,400
AT&T Inc. 3.40% 2024 10,470,000 10,536,589
AT&T Inc. 3.40% 2025 24,515,000 24,135,116
AT&T Inc. 3.90% 2027 14,405,000 14,525,368
AT&T Inc. 4.125% 2026 11,800,000 12,086,929
AT&T Inc. 4.50% 2048 656,000 616,569
AT&T Inc. 4.90% 2037 10,910,000 11,096,801
AT&T Inc. 5.15% 2050 28,297,000 28,549,183
AT&T Inc. 5.30% 2058 13,065,000 13,150,236
AXA SA 8.60% 2030 2,625,000 3,783,281
AbbVie Inc. 1.80% 2018 5,900,000 5,897,634
AbbVie Inc. 2.50% 2020 17,215,000 17,276,544
AbbVie Inc. 2.85% 2023 4,800,000 4,794,677
AbbVie Inc. 2.90% 2022 6,565,000 6,584,866
AbbVie Inc. 3.20% 2022 11,970,000 12,166,464
AbbVie Inc. 3.20% 2026 500,000 499,297
AbbVie Inc. 4.45% 2046 2,285,000 2,491,733
Abbott Laboratories 2.90% 2021 26,905,000 27,238,003
Abbott Laboratories 3.40% 2023 2,055,000 2,092,937
Abbott Laboratories 3.75% 2026 7,170,000 7,374,209
Abbott Laboratories 4.75% 2036 4,765,000 5,367,096
Aetna Inc. 1.70% 2018 3,525,000 3,519,825
Airbus Group SE 2.70% 2023 2,220,000 2,219,552
Alexandria Real Estate Equities, Inc. 2.75% 2020 2,075,000 2,084,618
Alexandria Real Estate Equities, Inc. 3.90% 2023 3,690,000 3,817,475
Alexandria Real Estate Equities, Inc. 3.95% 2028 1,830,000 1,871,841
Alexandria Real Estate Equities, Inc. 4.50% 2029 150,000 159,308
Allergan PLC 2.35% 2018 7,500,000 7,506,210
Allergan PLC 3.00% 2020 8,275,000 8,353,232
Allergan PLC 3.45% 2022 11,060,000 11,246,803
Allergan PLC 3.80% 2025 11,997,000 12,229,346
Allergan PLC 4.55% 2035 3,820,000 4,051,469
Allergan PLC 4.75% 2045 200,000 213,551
Alliant Energy Corporation 3.25% 2024 1,000,000 1,014,036
Allstate Corp. 4.20% 2046 205,000 224,415
Ally Financial Inc. 4.25% 2021 34,100,000 35,037,750
Ally Financial Inc. 5.125% 2024 2,800,000 3,034,500
Ally Financial Inc. 8.00% 2031 14,495,000 18,879,738
Ally Financial Inc. 8.00% 2031 10,220,000 13,337,100
Altria Group, Inc. 2.625% 2026 500,000 483,880
Altria Group, Inc. 2.85% 2022 5,000,000 5,035,385
Altria Group, Inc. 3.875% 2046 1,800,000 1,789,058
Altria Group, Inc. 4.50% 2043 3,000,000 3,264,507
Altria Group, Inc. 5.375% 2044 6,600,000 8,040,173
Amazon.com, Inc. 3.15% 2027 13,865,000 13,909,826
Amazon.com, Inc. 3.875% 2037 500,000 531,958
Amazon.com, Inc. 4.05% 2047 1,355,000 1,465,285
Ameren Corp. 3.70% 2047 340,000 348,486
AmeriCredit Automobile Receivables Trust, Series 2016-1, Class C, 2.89% 2022 2,485,000 2,503,287
AmeriCredit Automobile Receivables Trust, Series 2016-2, Class C, 2.87% 2021 175,000 176,107
AmeriCredit Automobile Receivables Trust, Series 2017-1, Class C, 2.71% 2022 5,970,000 5,967,791
American Campus Communities, Inc. 3.35% 2020 2,910,000 2,969,495
American Campus Communities, Inc. 3.625% 2027 305,000 302,166
American Campus Communities, Inc. 3.75% 2023 3,000,000 3,079,953
American Electric Power Co., Inc. 2.15% 2020 1,000,000 995,953
American Electric Power Co., Inc. 2.75% 2026 2,170,000 2,093,323
American Electric Power Co., Inc. 3.20% 2027 2,825,000 2,809,948
American Energy (Marcellus), Term Loan A, (3-month USD-LIBOR + 7.50%) 8.96% 2021 1,875,000 75,000
American Energy (Marcellus), Term Loan B, (3-month USD-LIBOR + 4.25%) 5.71% 2020 519,510 384,437
American Express Co. 2.20% 2020 17,000,000 16,870,749
American Express Co. 3.00% 2024 1,500,000 1,499,457
American Tower Corp. 3.40% 2019 7,525,000 7,611,808
AmerisourceBergen Corp. 4.30% 2047 500,000 503,412
Amgen Inc. 2.65% 2022 1,000,000 998,204
Amgen Inc. 4.40% 2045 7,500,000 8,185,980
Anadarko Petroleum Corp. 4.85% 2021 4,810,000 5,082,761
Anadarko Petroleum Corp. 5.55% 2026 11,730,000 13,179,148
Anadarko Petroleum Corp. 6.20% 2040 1,000,000 1,215,615
Anadarko Petroleum Corp. 6.60% 2046 3,596,000 4,638,394
Analog Devices, Inc. 2.50% 2021 6,535,000 6,475,904
Analog Devices, Inc. 3.125% 2023 1,450,000 1,454,608
Analog Devices, Inc. 3.50% 2026 6,455,000 6,542,685
Andeavor Logistics LP 3.50% 2022 830,000 829,239
Andeavor Logistics LP 4.25% 2027 2,015,000 2,035,708
Anglo American Capital PLC 4.00% 2027 750,000 745,958
Anheuser-Busch InBev NV 2.65% 2021 5,775,000 5,807,623
Anheuser-Busch InBev NV 3.65% 2026 18,635,000 19,258,769
Anheuser-Busch InBev NV 4.90% 2046 1,000,000 1,162,596
Anthem, Inc. 2.50% 2020 10,900,000 10,883,944
Anthem, Inc. 3.65% 2027 1,500,000 1,531,637
Apple Inc. 1.55% 2021 12,130,000 11,789,426
Apple Inc. 2.90% 2027 13,500,000 13,352,756
Apple Inc. 3.00% 2024 170,000 172,262
Apple Inc. 3.00% 2027 750,000 746,169
Apple Inc. 3.20% 2027 510,000 516,937
Apple Inc. 3.35% 2027 502,000 514,680
Assicurazioni Generali SPA 10.125% 2042 3,800,000 6,306,512
Assicurazioni Generali SPA 7.75% 2042 3,100,000 4,805,487
AstraZeneca PLC 2.375% 2022 370,000 365,948
BANK OF NY MELLON CP 2/27/2018 50,000,000 49,871,250
BANK TOKYO-MIT UFJ NY CP 1/10/2018 50,000,000 49,974,350
BANK TOKYO-MIT UFJ NY CP 1/5/2018 11,100,000 11,097,065
BB&T Corp. 2.45% 2020 5,200,000 5,218,424
BHP Billiton Finance Ltd. 6.25% 2075 5,265,000 5,715,158
BNSF Funding Trust I 6.613% 2055 1,680,000 1,940,400
BPCE SA group 2.75% 2021 9,500,000 9,533,564
BPCE SA group 5.15% 2024 5,211,000 5,657,046
BPCE SA group 5.70% 2023 31,666,000 35,134,282
Baker Hughes, a GE Co. 3.337% 2027 1,000,000 999,272
Baker Hughes, a GE Co. 4.08% 2047 3,500,000 3,565,499
Bank of America Corp. 2.328% 2021 4,500,000 4,488,773
Bank of America Corp. 2.816% 2023 48,040,000 47,970,486
Bank of America Corp. 3.124% 2023 42,500,000 43,131,635
Bank of America Corp. 3.419% 2028 10,529,000 10,541,266
Bank of America Corp. 3.593% 2028 2,300,000 2,339,974
Bayerische Motoren Werke AG 1.45% 2019 13,610,000 13,465,407
Becton, Dickinson and Co. 2.675% 2019 2,287,000 2,296,070
Becton, Dickinson and Co. 2.894% 2022 1,560,000 1,551,645
Becton, Dickinson and Co. 3.70% 2027 2,630,000 2,654,651
Becton, Dickinson and Co. 3.734% 2024 903,000 926,014
Becton, Dickinson and Co. 4.669% 2047 3,695,000 4,013,324
Berkshire Hathaway Energy Co. 4.50% 2045 6,095,000 6,835,116
Berkshire Hathaway Finance Corp. 1.30% 2019 865,000 854,191
BlueMountain CLO Ltd., Series 2014-2A, Class AR, (3-month USD LIBOR + 0.93%) 2.293% 2026 8,280,000 8,303,764
Boardwalk Pipeline Partners, LP 3.375% 2023 2,000,000 1,993,148
Boardwalk Pipeline Partners, LP 4.95% 2024 1,290,000 1,383,640
Boardwalk Pipelines, LP 4.45% 2027 3,580,000 3,648,081
Boston Scientific Corp. 2.85% 2020 470,000 473,967
Boston Scientific Corp. 3.375% 2022 700,000 711,456
Boston Scientific Corp. 3.85% 2025 500,000 514,740
Boston Scientific Corp. 6.00% 2020 3,675,000 3,924,345
British American Tobacco International Finance PLC 2.75% 2020 5,550,000 5,580,075
British American Tobacco International Finance PLC 3.50% 2022 4,020,000 4,116,118
British American Tobacco International Finance PLC 3.95% 2025 5,550,000 5,789,566
British American Tobacco PLC 2.764% 2022 930,000 925,809
British American Tobacco PLC 3.222% 2024 2,000,000 2,002,430
British American Tobacco PLC 3.557% 2027 12,860,000 12,898,914
British American Tobacco PLC 4.39% 2037 2,000,000 2,097,666
British American Tobacco PLC 4.54% 2047 2,500,000 2,640,688
British Telecommunications PLC 9.125% 2030 169,000 252,964
Broadcom Ltd. 3.00% 2022 15,500,000 15,381,425
Broadcom Ltd. 3.625% 2024 2,950,000 2,936,775
Broadcom Ltd. 3.875% 2027 12,360,000 12,182,387
CAFCO LLC 4(2) CP 2/23/2018 27,000,000 26,932,122
CBS Corp. 3.50% 2025 150,000 150,747
CCO Holdings LLC and CCO Holdings Capital Corp. 3.579% 2020 6,805,000 6,935,493
CCO Holdings LLC and CCO Holdings Capital Corp. 3.75% 2028 750,000 719,377
CCO Holdings LLC and CCO Holdings Capital Corp. 4.20% 2028 3,555,000 3,526,119
CCO Holdings LLC and CCO Holdings Capital Corp. 4.464% 2022 760,000 793,638
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2027 5,000,000 4,937,500
CCO Holdings LLC and CCO Holdings Capital Corp. 5.375% 2047 3,315,000 3,408,798
CEVA Group PLC 7.00% 2021 775,000 755,625
CEVA Group PLC, Apollo Global Securities LLC LOC, (3-month USD-LIBOR + 5.50%) 0% 2021 853,448 815,577
CEVA Group PLC, Term Loan B, (3-month USD-LIBOR + 5.50%) 6.878% 2021 1,194,828 1,141,807
CEVA Logistics Canada, ULC, Term Loan, (3-month USD-LIBOR + 5.50%) 6.878% 2021 149,353 142,726
CEVA Logistics Holdings BV, Term Loan, (3-month USD-LIBOR + 5.50%) 6.878% 2021 866,250 827,810
CHARIOT FUNDING LLC 4(2) CP 6/19/2018 50,000,000 49,556,150
CISCO SYSTEMS INC 4(2) CP 2/15/2018 50,000,000 49,902,200
CISCO SYSTEMS INC 4(2) CP 2/20/2018 50,000,000 49,891,800
CIT Group Inc., Series C, 5.50% 2019 585,000 602,550
CMS Energy Corp. 5.05% 2022 2,669,000 2,903,840
CMS Energy Corp. 8.75% 2019 786,000 855,484
COCA-COLA CO 4(2) CP 1/12/2018 25,000,000 24,986,050
COCA-COLA CO 4(2) CP 1/25/2018 25,000,000 24,972,500
COCA-COLA CO 4(2) CP 1/30/2018 51,400,000 51,332,563
CPS Auto Receivables Trust, Series 2016-A, Class B, 3.34% 2020 7,100,000 7,146,562
CPS Auto Receivables Trust, Series 2017-B, Class C, 2.92% 2022 5,700,000 5,682,433
CVS Health Corp. 1.90% 2018 4,550,000 4,549,227
CVS Health Corp. 2.125% 2021 11,310,000 11,045,425
Calpine Corp. 5.375% 2023 410,000 400,775
Canadian National Railway Co. 5.55% 2018 5,000,000 5,068,010
Canadian Natural Resources Ltd. 2.95% 2023 190,000 189,342
Canadian Natural Resources Ltd. 3.80% 2024 180,000 185,583
Canadian Natural Resources Ltd. 3.85% 2027 14,265,000 14,583,723
Canadian Natural Resources Ltd. 4.95% 2047 2,350,000 2,638,197
Capital One Financial Corp. 1.85% 2019 1,500,000 1,485,992
Capital One Financial Corp. 2.40% 2020 11,650,000 11,585,494
Capital One Financial Corp. 2.50% 2020 45,100,000 45,066,401
Capital One Multi-asset Execution Trust, Series 2015-A5, Class A5, 1.60% 2021 11,585,000 11,574,214
Cardinal Health, Inc. 4.368% 2047 375,000 373,886
Cenovus Energy Inc. 3.80% 2023 1,120,000 1,132,402
Cenovus Energy Inc. 4.25% 2027 18,130,000 18,115,677
Cenovus Energy Inc. 5.25% 2037 193,000 199,236
Cenovus Energy Inc. 5.40% 2047 22,275,000 23,508,857
Centene Corp. 4.75% 2022 200,000 208,500
Centene Corp. 4.75% 2025 575,000 586,500
Centene Corp. 5.625% 2021 1,780,000 1,833,400
Centene Corp. 6.125% 2024 375,000 397,500
CenterPoint Energy Transition Bond Co. III, LLC, Series 2008, Class A2, 5.234% 2023 1,107,158 1,143,387
Centerpoint Energy, Inc., 2.50% 2022 240,000 236,615
CenturyLink, Inc. 7.50% 2024 9,500,000 9,500,000
CenturyLink, Inc., Series T, 5.80% 2022 3,500,000 3,441,025
Charles Schwab Corp., Series E, 4.625% (undated) 2,400,000 2,450,285
Chase Issuance Trust, Series 2013-A7, Class A, (1-month USD-LIBOR + 0.43%) 1.907% 2020 9,565,000 9,589,955
Cheniere Energy, Inc. 7.00% 2024 14,175,000 16,159,500
Chevron Corp. 2.355% 2022 5,000,000 4,963,105
Chevron Corp. 2.498% 2022 605,000 606,070
Church & Dwight Co., Inc. 3.15% 2027 750,000 740,215
Citibank Credit Card Issuance Trust, Series 2008-A2, Class A2, (1-month USD-LIBOR + 1.15%) 2.702% 2020 10,870,000 10,878,185
Citigroup Commercial Mortgage Trust, Series 2008-C7, Class AM, 6.191% 2049 4,306,080 4,294,226
Citigroup Inc. 2.75% 2022 24,000,000 23,972,664
Citigroup Inc. 2.876% 2023 20,663,000 20,578,612
Citigroup Inc. 2.90% 2021 8,500,000 8,562,730
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Revs.), Series 2009-E, 6.138% 2039 27,130,000 25,936,551
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Revs.), Series 2010-C, 6.319% 2029 2,150,000 2,113,945
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Revs.), Series 2010-D, 6.519% 2040 5,000,000 4,861,300
Cleveland Electric Illuminating Co. 8.875% 2018 7,475,000 7,899,027
Colgate-Palmolive Co. 3.70% 2047 555,000 568,646
Columbia Pipeline Partners LP 2.45% 2018 6,700,000 6,704,630
Columbia Pipeline Partners LP 5.80% 2045 1,910,000 2,390,978
Comcast Corp. 3.00% 2024 1,000,000 1,007,233
Comcast Corp. 3.15% 2028 8,170,000 8,203,938
Comcast Corp. 3.30% 2027 925,000 944,503
Comcast Corp. 4.00% 2047 670,000 700,299
Commonwealth Edison Company 2.95% 2027 250,000 247,401
ConocoPhillips 4.95% 2026 4,774,000 5,426,558
Consolidated Edison Company of New York, Inc. 3.875% 2047 9,600,000 10,056,576
Consolidated Edison Company of New York, Inc. 4.00% 2057 500,000 524,488
Constellation Brands, Inc. 2.25% 2020 9,000,000 8,922,852
Constellation Brands, Inc. 2.65% 2022 3,285,000 3,253,287
Constellation Brands, Inc. 2.70% 2022 40,000 39,840
Constellation Brands, Inc. 3.50% 2027 170,000 173,742
Consumers Energy Co. 3.25% 2046 3,765,000 3,621,614
Continental Airlines, Inc., Series 1997-4, Class A, 6.90% 2019 99,917 99,979
Continental Airlines, Inc., Series 1999-1, Class A, 6.545% 2020 311,508 317,803
Continental Airlines, Inc., Series 1999-2, Class B, 7.566% 2021 378 417
Continental Airlines, Inc., Series 2000-1, Class A-1, 8.048% 2022 453,009 497,857
Continental Airlines, Inc., Series 2000-2, Class A1, 7.707% 2022 891,563 977,376
Continental Airlines, Inc., Series 2001-1, Class A-1, 6.703% 2022 63,050 68,724
Corporate Office Properties LP 5.00% 2025 130,000 139,040
Corporate Office Properties LP 5.25% 2024 10,000 10,800
Corporate Risk Holdings LLC 13.50% 2020 363,554 389,003
Corporate Risk Holdings LLC 9.50% 2019 1,804,000 1,887,435
Costco Wholesale Corp. 2.15% 2021 1,500,000 1,493,952
Credit Suisse Group AG 3.574% 2023 14,000,000 14,245,588
Credit Suisse Group AG 3.80% 2023 13,925,000 14,376,198
Crédit Agricole SA 3.25% 2024 1,125,000 1,118,856
Cumulus Media Inc. 7.75% 2019 1,715,000 325,850
Cumulus Media Inc., Term Loan B, (3-month USD-LIBOR + 3.25%) 4.82% 2020 1,620,490 1,399,698
DCP Midstream Operating LP 4.95% 2022 500,000 521,875
DCT Industrial Trust Inc. 4.50% 2023 2,340,000 2,455,034
DISNEY WALT CO 4(2) CP 1/25/2018 50,000,000 49,945,000
DISNEY WALT CO 4(2) CP 1/26/2018 50,000,000 49,942,850
DaimlerChrysler North America Holding Corp. (3-month USD-LIBOR + 0.86%) 2.237% 2018 7,500,000 7,528,868
DaimlerChrysler North America Holding Corp. 1.50% 2019 1,000,000 988,426
DaimlerChrysler North America Holding Corp. 2.85% 2022 500,000 502,368
DaimlerChrysler North America Holding Corp. 3.25% 2024 755,000 770,814
DaimlerChrysler North America Holding Corp. 3.30% 2025 5,500,000 5,583,017
Deck Chassis Acquisition Inc. 10.00% 2023 1,000,000 1,117,500
Dell Inc. 2.65% 2020 6,075,000 6,001,122
Delphi Automotive PLC 5.00% 2025 255,000 258,825
Deutsche Bank AG 2.50% 2019 2,900,000 2,899,406
Deutsche Bank AG 2.85% 2019 8,700,000 8,731,120
Deutsche Telekom International Finance BV 1.95% 2021 16,364,000 15,925,150
Deutsche Telekom International Finance BV 2.485% 2023 300,000 290,973
Deutsche Telekom International Finance BV 3.60% 2027 500,000 503,229
Developers Diversified Realty Corp. 3.90% 2024 1,480,000 1,492,817
Devon Energy Corp. 5.00% 2045 2,000,000 2,237,786
Diamond Offshore Drilling, Inc. 4.875% 2043 3,375,000 2,480,625
Discover Card Execution Note Trust, Series 2015-A1, Class A1, (1-month USD-LIBOR + 0.35%) 1.827% 2020 7,980,000 7,983,846
Discover Financial Services 10.25% 2019 2,700,000 2,981,912
Discover Financial Services 4.10% 2027 12,500,000 12,824,338
Discovery Communications, Inc. 2.20% 2019 7,855,000 7,821,137
Discovery Communications, Inc. 2.95% 2023 4,185,000 4,146,155
Dollar General Corp. 1.875% 2018 1,211,000 1,210,363
Dollar Tree Inc. 5.75% 2023 1,225,000 1,285,484
Dominican Republic 5.95% 2027 8,100,000 8,768,250
Dominion Resources, Inc. 1.60% 2019 1,140,000 1,127,787
Dominion Resources, Inc. 1.875% 2018 5,450,000 5,433,857
Dominion Resources, Inc. 2.579% 2020 20,575,000 20,594,629
Dominion Resources, Inc. 2.962% 2019 500,000 504,007
Drive Auto Receivables Trust, Series 2015-BA, Class C, 2.76% 2021 2,855,764 2,865,088
Drive Auto Receivables Trust, Series 2015-CA, Class C, 3.01% 2021 2,124,978 2,133,824
Drive Auto Receivables Trust, Series 2015-DA, Class C, 3.38% 2021 2,541,640 2,558,123
Drive Auto Receivables Trust, Series 2016-AA, Class C, 3.91% 2021 10,000,000 10,075,970
Drive Auto Receivables Trust, Series 2016-CA, Class C, 3.02% 2021 2,500,000 2,519,475
Drive Auto Receivables Trust, Series 2017-1, Class C, 2.84% 2022 12,000,000 12,057,696
Drive Auto Receivables Trust, Series 2017-2, Class C, 2.75% 2023 3,500,000 3,506,412
Drive Auto Receivables Trust, Series 2017-AA, Class A3, 1.77% 2020 6,404,808 6,403,060
Drive Auto Receivables Trust, Series 2017-AA, Class C, 2.98% 2022 9,760,000 9,828,749
Drive Auto Receivables Trust, Series 2017-BA, Class C, 2.61% 2021 19,400,000 19,447,802
Drivetime Auto Owner Trust, Series 2016-3A, Class C, 3.15% 2022 2,650,000 2,658,925
Drivetime Auto Owner Trust, Series 2017-1A, Class B, 2.26% 2021 4,100,000 4,102,189
Drivetime Auto Owner Trust, Series 2017-1A, Class C, 2.70% 2022 6,625,000 6,610,253
Drivetime Auto Owner Trust, Series 2017-3A, Class C, 3.01% 2023 6,000,000 6,011,742
Drivetime Auto Owner Trust, Series 2017-4A, Class C, 2.86% 2023 4,440,000 4,445,195
Duke Energy Carolinas, Inc. 3.70% 2047 450,000 464,351
Duke Energy Corp. 2.65% 2026 4,660,000 4,472,351
Duke Energy Corp. 3.15% 2027 370,000 367,971
Duke Energy Corp. 3.75% 2024 4,026,000 4,209,610
Duke Energy Florida, LLC 3.40% 2046 6,745,000 6,546,461
EDP Finance BV 3.625% 2024 23,650,000 23,837,142
EMD Finance LLC 2.40% 2020 15,295,000 15,268,784
EMD Finance LLC 2.95% 2022 2,200,000 2,211,286
EMERSON ELECTRIC 4(2) CP 1/10/2018 13,800,000 13,793,417
EPR Properties 4.50% 2025 385,000 394,519
EPR Properties 4.75% 2026 760,000 781,288
EQT Corp. 2.50% 2020 5,910,000 5,872,253
EQT Corp. 3.00% 2022 2,385,000 2,361,856
EQT Corp. 3.90% 2027 1,205,000 1,199,984
ERAC USA Finance Co. 4.20% 2046 750,000 736,907
Econ. Dev. Auth., School Facs. Construction Rev. Ref. Bonds, Series 2015-YY, 4.447% 2020 2,500,000 2,562,925
Electricité de France SA 2.15% 2019 145,000 145,031
Emera Inc. 6.75% 2076 1,950,000 2,203,500
Emera US Finance LP 2.70% 2021 954,000 952,360
Emera US Finance LP 3.55% 2026 495,000 497,167
Emera US Finance LP 4.75% 2046 500,000 549,115
EnLink Midstream Partners, LP 2.70% 2019 1,850,000 1,848,761
EnLink Midstream Partners, LP 4.40% 2024 365,000 377,430
EnLink Midstream Partners, LP 5.05% 2045 1,015,000 1,005,383
EnLink Midstream Partners, LP 5.45% 2047 475,000 503,381
Enbridge Energy Partners, LP 4.20% 2021 6,525,000 6,787,449
Enbridge Energy Partners, LP 4.375% 2020 7,700,000 8,029,083
Enbridge Energy Partners, LP 5.20% 2020 5,655,000 5,954,285
Enbridge Energy Partners, LP 5.875% 2025 13,960,000 15,832,259
Enbridge Energy Partners, LP 7.375% 2045 27,830,000 37,077,519
Enbridge Energy Partners, LP 9.875% 2019 10,500,000 11,365,505
Enbridge Energy Partners, LP, Series B, 6.50% 2018 7,940,000 8,045,777
Enbridge Inc. 4.00% 2023 1,600,000 1,667,085
Enel Finance International SA 2.75% 2023 2,400,000 2,367,374
Enel Finance International SA 3.50% 2028 1,200,000 1,175,890
Enel Finance International SA 3.625% 2027 1,000,000 995,228
Enel Finance International SA 4.75% 2047 491,000 533,330
Enel Società per Azioni 8.75% 2073 1,000,000 1,246,250
Energy Transfer Partners, LP 4.15% 2020 1,000,000 1,033,208
Energy Transfer Partners, LP 4.20% 2027 260,000 259,069
Energy Transfer Partners, LP 4.75% 2026 475,000 493,487
Energy Transfer Partners, LP 5.30% 2047 33,995,000 33,878,873
Energy Transfer Partners, LP 5.40% 2047 6,690,000 6,774,046
Energy Transfer Partners, LP 6.125% 2045 12,405,000 13,506,924
Energy Transfer Partners, LP 6.25% 2023 8,150,000 7,930,969
Energy Transfer Partners, LP 6.625% 2028 500,000 486,563
Ensco PLC, 5.20% 2025 340,000 290,700
Ensco PLC, 5.75% 2044 80,000 55,200
Entergy Corp. 2.95% 2026 595,000 579,836
Enterprise Fleet Financing LLC, Series 2017-1, Class A2, 2.13% 2022 11,913,096 11,915,562
Essex Portfolio L.P. 3.25% 2023 335,000 338,059
Essex Portfolio L.P. 3.875% 2024 1,000,000 1,037,573
Eversource Energy 2.75% 2022 527,000 528,402
Exelon Corp. 3.40% 2026 1,570,000 1,572,925
Exelon Corp. 3.497% 2022 825,000 841,495
Exeter Automobile Receivables Trust, Series 2014-1A, Class D, 5.53% 2021 3,500,000 3,557,040
Exeter Automobile Receivables Trust, Series 2015-1A, Class C, 4.10% 2020 7,500,000 7,594,545
Exeter Automobile Receivables Trust, Series 2015-2A, Class C, 3.90% 2021 3,000,000 3,037,632
Exeter Automobile Receivables Trust, Series 2015-3A, Class C, 4.83% 2019 1,000,000 1,021,256
Exeter Automobile Receivables Trust, Series 2017-3A, Class B, 2.81% 2022 8,100,000 8,048,120
Exxon Mobil Corp. 3.043% 2026 4,825,000 4,903,397
Exxon Mobil Corp. 4.114% 2046 498,000 557,179
FED HM LN BK BD 1/10/2018 35,600,000 35,590,388
FED HM LN BK BD 1/24/2018 61,000,000 60,954,860
FED HM LN BK BD 1/8/2018 45,400,000 45,390,920
FED HM LN BK BD 1/9/2018 45,850,000 45,839,455
FED HM LN BK BD 2/1/2018 40,000,000 39,959,600
FED HM LN BK BD 2/2/2018 22,500,000 22,476,600
FED HM LN BK BD 2/26/2018 100,000,000 99,803,000
FED HM LN BK BD 2/28/2018 50,000,000 49,894,500
FED HM LN BK BD 2/9/2018 40,000,000 39,947,200
FED HM LN BK BD 3/16/2018 30,000,000 29,916,600
FED HM LN BK BD 3/9/2018 100,000,000 99,748,000
FED HM LN BK DISC NT 2/7/2018 50,000,000 49,937,500
FED HM LN MTG CORP DISC NT 4/3/2018 91,900,000 91,571,917
FED HM LN MTG CORP DISC NT 4/6/2018 50,000,000 49,815,500
FMG Resources 9.75% 2022 2,465,000 2,733,685
Fannie Mae 2.125% 2026 12,410,000 12,036,087
Fannie Mae 3.00% 2046 75,035,779 75,112,315
Fannie Mae 3.50% 2033 25,000,000 25,809,450
Fannie Mae 3.50% 2033 59,300,000 61,169,077
Fannie Mae 3.50% 2046 2,598,037 2,685,723
Fannie Mae 3.50% 2047 11,146,185 11,460,942
Fannie Mae 3.50% 2047 21,732,009 22,345,678
Fannie Mae 3.50% 2047 80,118,660 82,381,050
Fannie Mae 3.50% 2047 16,181,820 16,638,778
Fannie Mae 3.50% 2048 100,000,000 102,573,700
Fannie Mae 3.50% 2048 77,040,000 79,149,201
Fannie Mae 3.50% 2048 3,727,000 3,832,243
Fannie Mae 4.00% 2036 629,160 665,331
Fannie Mae 4.00% 2040 1,504,190 1,581,707
Fannie Mae 4.00% 2043 1,924,972 2,020,601
Fannie Mae 4.00% 2043 15,131,086 15,903,967
Fannie Mae 4.00% 2046 16,050,328 16,935,231
Fannie Mae 4.00% 2046 4,171,898 4,396,129
Fannie Mae 4.00% 2047 88,761,648 93,004,810
Fannie Mae 4.00% 2047 9,897,152 10,370,266
Fannie Mae 4.00% 2047 21,045,047 22,070,382
Fannie Mae 4.00% 2048 275,000,000 287,753,950
Fannie Mae 4.00% 2048 171,162,000 178,859,497
Fannie Mae 4.50% 2025 411,878 435,081
Fannie Mae 4.50% 2047 31,199,113 33,246,087
Fannie Mae 4.50% 2048 300,000,000 319,216,800
Fannie Mae 4.50% 2048 148,375,000 157,693,840
Fannie Mae 5.00% 2040 543,014 594,337
Fannie Mae 5.00% 2041 927,020 1,021,179
Fannie Mae 5.00% 2041 3,597,711 3,876,048
Fannie Mae 5.00% 2041 3,963,626 4,284,580
Fannie Mae 5.00% 2041 1,568,810 1,719,588
Fannie Mae 5.00% 2041 2,383,488 2,617,895
Fannie Mae 5.00% 2041 1,255,879 1,383,053
Fannie Mae 5.50% 2023 701,135 732,960
Fannie Mae 5.50% 2027 182,494 199,972
Fannie Mae 5.50% 2038 396,663 435,828
Fannie Mae 5.50% 2038 2,887,014 3,190,739
Fannie Mae 6.00% 2026 300,675 336,162
Fannie Mae 6.00% 2027 486,007 543,368
Fannie Mae 6.00% 2037 1,196,558 1,346,491
Fannie Mae 6.00% 2037 80,223 86,029
Fannie Mae Pool #924866 2.89% 2037 882,436 909,633
Fannie Mae, Series 2001-4, Class GA, 9.251% 2025 4,090 4,404
Fannie Mae, Series 2001-50, Class BA, 7.00% 2041 19,050 21,535
Fannie Mae, Series 2001-T10, Class A1, 7.00% 2041 30,166 35,042
Fannie Mae, Series 2002-W1, Class 2A, 7.5% 2042 42,789 47,658
Fannie Mae, Series 2002-W3, Class A-5, 7.50% 2041 35,598 41,463
FedEx Corp. 4.40% 2047 490,000 524,532
FirstEnergy Corp. 3.50% 2028 3,825,000 3,836,165
FirstEnergy Corp. 3.90% 2027 19,790,000 20,311,308
FirstEnergy Corp. 4.85% 2047 13,480,000 15,091,116
FirstEnergy Corp. 7.375% 2031 7,200,000 9,730,260
FirstEnergy Corp., Series B, 4.25% 2023 4,505,000 4,709,883
Ford Credit Floorplan Master Owner Trust, Series 2016-3, Class B, 1.75% 2021 1,620,000 1,605,250
Ford Motor Co. 5.291% 2046 1,610,000 1,757,202
Ford Motor Credit Co. 2.262% 2019 9,700,000 9,687,603
Ford Motor Credit Co. 2.343% 2020 17,500,000 17,344,443
Ford Motor Credit Co. 2.375% 2019 18,650,000 18,660,742
Ford Motor Credit Co. 2.597% 2019 9,410,000 9,419,278
Ford Motor Credit Co. 2.681% 2020 17,750,000 17,800,570
Ford Motor Credit Co. 3.157% 2020 2,000,000 2,025,542
Ford Motor Credit Co. 3.219% 2022 7,315,000 7,366,117
Ford Motor Credit Co. 3.336% 2021 300,000 304,893
Ford Motor Credit Co. 3.81% 2024 6,050,000 6,183,033
Ford Motor Credit Co. 4.134% 2025 10,000,000 10,356,510
France Télécom 9.0% 2031 1,748,000 2,627,438
Freddie Mac 3.00% 2048 41,200,000 41,227,934
Freddie Mac 3.50% 2036 202,710 210,387
Freddie Mac 3.50% 2037 27,952,024 29,010,734
Freddie Mac 3.50% 2037 5,474,846 5,682,205
Freddie Mac 3.50% 2037 11,540,572 11,977,660
Freddie Mac 3.50% 2037 30,461,904 31,615,436
Freddie Mac 3.50% 2037 20,027,151 20,785,679
Freddie Mac 3.50% 2037 8,195,347 8,505,746
Freddie Mac 3.50% 2045 39,794,152 41,249,066
Freddie Mac 3.50% 2047 74,888,063 77,079,962
Freddie Mac 3.50% 2047 8,786,691 9,043,877
Freddie Mac 3.50% 2048 33,110,000 33,965,496
Freddie Mac 4.00% 2036 829,856 877,773
Freddie Mac 4.00% 2047 4,065,711 4,260,548
Freddie Mac 4.00% 2048 275,000,000 287,698,950
Freddie Mac 4.00% 2048 76,000,000 79,402,672
Freddie Mac 4.50% 2040 518,121 553,238
Freddie Mac 4.50% 2041 605,521 646,575
Freddie Mac 4.50% 2048 10,500,000 11,166,288
Freddie Mac 5.50% 2033 145,728 159,836
Freddie Mac 5.50% 2038 161,906 179,027
Freddie Mac 5.50% 2038 125,036 138,328
Freddie Mac 5.50% 2039 238,225 263,451
Freddie Mac 5.50% 2040 913,243 1,008,318
Freddie Mac 5.50% 2041 1,294,542 1,432,325
Freddie Mac, Series 3061, Class PN, 5.50% 2035 157,287 173,427
Freddie Mac, Series 3146, Class PO, principal only, 0% 2036 355,348 304,519
Freddie Mac, Series 3156, Class PO, principal only, 0% 2036 314,113 272,091
Freddie Mac, Series 3318, Class JT, 5.50% 2037 406,054 433,642
Freddie Mac, Series K020, Class A2, multifamily 2.373% 2022 4,500,000 4,493,471
Freddie Mac, Series K716, Class A2, multifamily 3.132% 2021 6,875,000 7,045,369
Freddie Mac, Series K718, Class A2, multifamily 2.791% 2022 9,640,000 9,779,337
Frontier Communications Corp. 11.00% 2025 300,000 222,000
G.O. Bonds, Pension Funding Series 2003, 4.95% 2023 24,805,000 25,902,869
G.O. Bonds, Pension Funding Series 2003, 5.10% 2033 93,475,000 93,483,413
G.O. Bonds, Pension Funding Series 2013, 5.877% 2019 400,000 412,556
G.O. Bonds, Series 2013-B, 3.65% 2020 1,000,000 1,000,620
G.O. Bonds, Series 2013-B, 4.11% 2022 750,000 757,958
G.O. Bonds, Series 2013-B, 4.31% 2023 2,125,000 2,139,960
G.O. Bonds, Series 2013-B, 4.91% 2027 1,450,000 1,446,767
G.O. Bonds, Taxable Build America Bonds, Series 2010-1, 6.63% 2035 13,780,000 15,316,470
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.65% 2020 250,000 260,010
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.85% 2022 2,370,000 2,544,337
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.95% 2023 2,950,000 3,181,369
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 6.15% 2025 3,955,000 4,274,406
G.O. Bonds, Taxable Build America Bonds, Series 2010-3, 5.547% 2019 335,000 343,978
G.O. Bonds, Taxable Build America Bonds, Series 2010-3, 5.727% 2020 2,400,000 2,502,696
G.O. Taxable Build America Bonds, Series 2010-5, 6.20% 2021 7,784,000 8,147,668
GMF Floorplan Owner Revolving Trust, Series 2017-1, Class A1, 2.22% 2022 7,365,000 7,347,928
General Electric Capital Corp. 2.342% 2020 4,788,000 4,767,536
General Electric Capital Corp. 3.10% 2023 1,850,000 1,880,026
General Electric Capital Corp. 3.373% 2025 4,815,000 4,900,981
General Electric Co. 2.70% 2022 5,000,000 4,994,995
General Motors Financial Co. 2.40% 2019 17,990,000 17,998,779
General Motors Financial Co. 2.45% 2020 9,000,000 8,937,738
General Motors Financial Co. 3.15% 2022 12,500,000 12,501,675
General Motors Financial Co. 3.50% 2024 1,575,000 1,573,794
General Motors Financial Co. 3.70% 2020 15,895,000 16,327,201
General Motors Financial Co. 3.70% 2023 11,500,000 11,741,201
General Motors Financial Co. 4.20% 2021 1,500,000 1,560,920
Germany (Federal Republic of) 0.10% 2026 25,684,750 34,031,526
Goldman Sachs Group, Inc. 2.30% 2019 1,500,000 1,499,564
Goldman Sachs Group, Inc. 2.875% 2021 4,000,000 4,032,152
Goldman Sachs Group, Inc. 2.905% 2023 52,821,000 52,500,905
Goldman Sachs Group, Inc. 3.077% 2023 3,000,000 3,125,007
Goldman Sachs Group, Inc. 3.75% 2025 638,000 657,765
Goldman Sachs Group, Inc. 5.30% (undated) 1,850,000 1,970,250
Goldman Sachs Group, Inc. 5.75% 2022 5,000,000 5,546,570
Government National Mortgage Assn. 4.00% 2047 48,599,230 50,760,194
Government National Mortgage Assn. 4.00% 2048 125,150,000 130,541,212
Government National Mortgage Assn. 4.00% 2048 51,450,000 53,648,304
Government National Mortgage Assn. 4.50% 2040 1,232,419 1,307,709
Government National Mortgage Assn. 4.50% 2045 17,090,297 18,046,567
Government National Mortgage Assn. 4.50% 2047 8,950,150 9,446,981
Government National Mortgage Assn. 4.50% 2048 75,550,000 79,256,181
Government National Mortgage Assn. 4.50% 2048 17,100,000 17,928,170
Great Plains Energy Inc. 4.20% 2047 2,221,000 2,359,319
Great Plains Energy Inc. 5.30% 2041 100,000 118,702
HCA Inc. 6.50% 2020 1,550,000 1,646,875
HERSHEY COMPANY 4(2) CP 1/12/2018 30,000,000 29,983,260
HSBC Holdings PLC 3.033% 2023 450,000 451,149
HSBC Holdings PLC 4.041% 2028 1,000,000 1,043,045
Halliburton Co. 3.80% 2025 4,975,000 5,177,632
Halliburton Co. 5.00% 2045 845,000 973,332
Harris Corp. 1.999% 2018 6,400,000 6,393,805
Harris Corp. 2.70% 2020 1,400,000 1,406,303
Harris Corp. 3.832% 2025 945,000 980,626
Herbalife Ltd., Term Loan, (3-month USD-LIBOR + 5.50%) 7.069% 2023 16,562,813 16,573,164
Hertz Vehicle Financing LLC, Rental Car Asset-backed Notes, Series 2013-1A, Class A2, 1.83% 2019 11,000,000 10,985,733
High-Speed Passenger Train G.O. Ref. Bonds, Series 2017-A, 2.367% 2022 3,875,000 3,865,855
Hilton Worldwide Holdings Inc. 4.25% 2024 2,850,000 2,885,625
Holcim Ltd. 5.15% 2023 1,760,000 1,925,433
Home Depot, Inc. 2.80% 2027 12,000,000 11,816,496
Home Depot, Inc. 3.90% 2047 830,000 876,775
Home Depot, Inc. 4.40% 2021 7,500,000 7,967,850
Home Equity Mortgage Trust, Series 2006-6, Class 2A1, (1-month USD-LIBOR + 0.10%) 1.752% 2037 1,366,847 124,648
Hospitality Properties Trust 3.95% 2028 1,990,000 1,933,806
Hospitality Properties Trust 4.25% 2021 4,750,000 4,915,348
Hospitality Properties Trust 4.50% 2025 855,000 888,529
Hospitality Properties Trust 5.00% 2022 1,370,000 1,463,150
Howard Hughes Corp. 5.375% 2025 5,700,000 5,856,750
Hurricane Catastrophe Fund Fin. Corp., Rev. Bonds, Series 2013-A, 2.995% 2020 15,000,000 15,203,550
Husky Energy Inc. 7.25% 2019 3,390,000 3,692,171
Hyundai Capital America 2.00% 2019 365,000 360,728
Hyundai Capital America 2.55% 2020 4,700,000 4,663,899
Hyundai Capital America 2.60% 2020 325,000 322,504
Hyundai Capital America 2.75% 2020 3,821,000 3,795,938
Hyundai Capital America 3.25% 2022 2,021,000 2,020,543
Hyundai Capital Services Inc. 1.625% 2019 1,600,000 1,566,011
IBM CREDIT LLC 4(2) CP 3/13/2018 80,000,000 79,751,840
IPALCO Enterprises, Inc. 3.70% 2024 200,000 200,008
Iberdrola Finance Ireland 5.00% 2019 1,825,000 1,900,349
Imperial Tobacco Finance PLC 2.05% 2018 3,360,000 3,359,654
Imperial Tobacco Finance PLC 3.50% 2023 2,835,000 2,891,555
Industry Public Facs. Auth., Tax Allocation Rev. Ref. Bonds (Civic - Recreational-Industrial Redev. Project No. 1), Series 2015-A, Assured Guaranty Municipal insured, 2.203% 2018 8,000,000 8,000,000
Infor (US), Inc. 5.75% 2020 225,000 231,469
Intercontinentalexchange, Inc. 2.50% 2018 1,295,000 1,300,555
Intesa Sanpaolo SpA 3.875% 2019 1,485,000 1,505,095
Intesa Sanpaolo SpA 3.875% 2027 300,000 300,366
Intesa Sanpaolo SpA 5.017% 2024 54,615,000 55,987,147
Intesa Sanpaolo SpA 5.71% 2026 16,675,000 17,590,974
Itron, Inc. 5.00% 2026 100,000 100,625
JELD-WEN Holding, Inc. 4.625% 2025 155,000 156,550
JPMorgan Chase & Co. 2.70% 2023 17,325,000 17,221,639
JPMorgan Chase & Co. 2.776% 2023 12,000,000 12,017,424
JPMorgan Chase & Co. 3.54% 2028 2,696,000 2,745,224
Japan, Series 19, 0.10% 2024 5,361,035,000 50,151,304
Japan, Series 20, 0.10% 2025 11,306,250,000 106,018,383
Johnson & Johnson 2.625% 2025 420,000 418,166
Johnson & Johnson 2.90% 2028 1,500,000 1,503,669
Johnson & Johnson 3.50% 2048 430,000 440,649
Kimco Realty Corp. 3.40% 2022 1,045,000 1,066,699
Kimco Realty Corp. 6.875% 2019 3,500,000 3,762,791
Kinder Morgan Energy Partners, LP 5.40% 2044 5,270,000 5,587,238
Kinder Morgan Energy Partners, LP 5.50% 2044 925,000 987,999
Kinder Morgan Energy Partners, LP 6.50% 2037 900,000 1,055,610
Kinder Morgan Energy Partners, LP 6.85% 2020 7,650,000 8,290,106
Kinder Morgan Finance Co. 5.05% 2046 248,000 258,163
Kinder Morgan, Inc. 4.30% 2025 257,000 268,050
Kinder Morgan, Inc. 5.30% 2034 760,000 812,489
Kinder Morgan, Inc. 5.55% 2045 6,000,000 6,584,874
Kroger Co. 2.00% 2019 4,005,000 3,998,580
Kroger Co. 2.60% 2021 9,500,000 9,515,913
Kuwait (State of) 3.50% 2027 14,200,000 14,447,321
L.A. Arena Funding, LLC, Series 1, Class A, 7.656% 2026 551,200 574,477
LB-UBS Commercial Mortgage Trust, Series 2007-C6, Class AM, 6.114% 2040 3,619,853 3,618,155
LYB International Finance BV 3.50% 2027 435,000 437,912
Laboratory Corporation of America Holdings 3.60% 2027 500,000 502,072
Laboratory Corporation of America Holdings 4.70% 2045 9,360,000 10,155,928
Leucadia National Corp. 5.50% 2023 520,000 560,248
Lloyds Banking Group PLC 2.907% 2023 11,950,000 11,859,252
Lockheed Martin Corp. 2.50% 2020 3,155,000 3,177,066
Lockheed Martin Corp. 3.10% 2023 1,155,000 1,174,735
Lockheed Martin Corp. 3.55% 2026 3,045,000 3,166,435
Lockheed Martin Corp. 4.50% 2036 2,155,000 2,422,315
Lockheed Martin Corp. 4.70% 2046 5,695,000 6,665,690
Lowe's Companies, Inc. 4.05% 2047 500,000 533,130
MGM Resorts International 7.75% 2022 2,000,000 2,285,000
MICROSOFT CORP 4(2) CP 1/16/2018 67,500,000 67,452,008
MPLX LP 4.125% 2027 315,000 323,147
MPLX LP 5.20% 2047 320,000 352,234
Malaysia (Federation of), Series 0315, 3.659% 2020 49,000,000 12,218,568
Malaysia (Federation of), Series 0416, 3.62% 2021 42,750,000 10,618,310
Manitoba (Province of) 3.05% 2024 5,050,000 5,154,081
Marathon Oil Corp. 4.40% 2027 10,765,000 11,268,425
McDonald's Corp. 4.875% 2045 7,365,000 8,558,513
Medtronic, Inc. 3.35% 2027 450,000 462,136
Medtronic, Inc. 4.625% 2045 5,015,000 5,851,743
MetLife, Inc. 2.00% 2020 7,785,000 7,727,484
MetLife, Inc. 2.30% 2019 675,000 676,010
MetLife, Inc. 7.875% 2067 1,505,000 2,012,938
Metlife, Inc. 3.60% 2025 3,590,000 3,737,362
Metropolitan Life Global Funding I, 1.75% 2018 1,455,000 1,452,205
Microsoft Corp. 1.85% 2020 250,000 249,323
Microsoft Corp. 2.40% 2022 397,000 397,325
Microsoft Corp. 3.30% 2027 369,000 380,954
Microsoft Corp. 4.25% 2047 12,750,000 14,600,535
MidAmerican Energy Holdings Co. 3.75% 2023 5,890,000 6,140,190
MidAmerican Energy Holdings Co. 5.75% 2018 7,740,000 7,813,429
Mill City Mortgage Trust, Series 2017-1, Class A1, 2.75% 2058 6,494,453 6,507,338
Mississippi Power Co. 4.25% 2042 12,747,000 12,497,210
Molina Healthcare, Inc. 5.375% 2022 1,165,000 1,220,338
Molson Coors Brewing Co. 1.90% 2019 5,865,000 5,840,121
Molson Coors Brewing Co. 2.10% 2021 2,515,000 2,466,858
Molson Coors Brewing Co. 2.25% 2020 5,025,000 5,002,036
Molson Coors Brewing Co. 3.00% 2026 5,730,000 5,617,337
Molson Coors Brewing Co. 4.20% 2046 4,730,000 4,835,474
Mondelez International, Inc. 1.625% 2019 18,600,000 18,337,628
Morgan Stanley (3-month USD-LIBOR + 1.22%) 2.617% 2024 750,000 766,340
Morgan Stanley 2.125% 2018 7,500,000 7,500,555
Morgan Stanley 2.50% 2021 44,400,000 44,342,324
Morgan Stanley 2.625% 2021 7,200,000 7,170,322
Morgan Stanley 3.125% 2026 7,270,000 7,176,668
Morgan Stanley 3.625% 2027 1,942,000 1,989,278
Morgan Stanley 3.875% 2026 7,525,000 7,849,952
Mosaic Co. 3.25% 2022 500,000 496,112
Mosaic Co. 4.05% 2027 470,000 472,027
Mylan Laboratories Inc. 2.50% 2019 3,500,000 3,497,288
NAT RURL UTIL CP 1/17/2018 25,000,000 24,980,250
NBC Universal Enterprise, Inc. 5.25% (undated) 5,170,000 5,506,050
NBCUniversal Media, LLC 5.15% 2020 10,000,000 10,657,040
NGL Energy Partners LP 6.875% 2021 1,000,000 1,025,000
NGPL PipeCo LLC 4.375% 2022 45,000 45,928
NGPL PipeCo LLC 4.875% 2027 55,000 57,269
NIKE, Inc. 3.875% 2045 7,145,000 7,494,240
NN Group NV, 4.50% (undated) 8,750,000 11,865,197
NV Energy, Inc 6.25% 2020 2,950,000 3,241,714
NXP BV and NXP Funding LLC 4.125% 2021 2,000,000 2,045,000
National Grid Plc 3.15% 2027 275,000 274,371
National Rural Utilities Cooperative Finance Corp. 10.375% 2018 13,750,000 14,691,160
Nationstar HECM Loan Trust, Series 2017-1A, Class M1, 2.9419% 2027 1,055,000 1,058,379
Nationstar HECM Loan Trust, Series 2017-2A, Class M1, 2.8154% 2027 1,115,000 1,118,310
Nevada Power Co., General and Refunding Mortgage Notes, Series V, 7.125% 2019 5,500,000 5,817,152
New York Life Global Funding 1.70% 2021 2,250,000 2,185,981
New York Life Global Funding 1.95% 2020 145,000 144,095
New York Life Global Funding 2.10% 2019 1,000,000 1,001,456
New York Life Global Funding 2.30% 2022 500,000 493,244
Newell Rubbermaid Inc. 3.85% 2023 2,380,000 2,465,216
Newell Rubbermaid Inc. 4.20% 2026 3,965,000 4,144,262
Newell Rubbermaid Inc. 5.50% 2046 6,975,000 8,328,157
News America Inc. 4.00% 2023 1,100,000 1,151,541
NiSource Finance Corp. 2.65% 2022 400,000 397,378
Niagara Mohawk Power Corp. 3.508% 2024 7,875,000 8,156,547
Niagara Mohawk Power Corp. 4.278% 2034 1,000,000 1,099,085
Nissan Motor Co., Ltd. 2.60% 2022 1,415,000 1,398,041
Noble Corp. PLC 5.75% 2018 180,000 180,788
Noble Corp. PLC 7.70% 2025 1,995,000 1,685,775
Noble Corp. PLC 8.70% 2045 1,760,000 1,403,600
Nordea Bank AB 2.50% 2020 7,425,000 7,435,774
Northrop Grumman Corp., 3.25% 2028 12,745,000 12,786,804
Northrop Grumman Corp., 4.03% 2047 955,000 1,001,455
Odebrecht Drilling Norbe 0.00% (undated) 1,195,431 0
Odebrecht Drilling Norbe 6.35% 2021 1,666,666 1,142,944
Odebrecht Drilling Norbe 6.72% 2022 100,036 40,485
Odebrecht Drilling Norbe 7.35% 2026 1,969,500 1,350,618
Odebrecht Drilling Norbe 7.72% 2026 274,636 111,147
Omega Healthcare Investors, Inc. 4.375% 2023 900,000 913,764
Ontario (Province of) 3.20% 2024 9,000,000 9,286,830
Oracle Corp. 1.90% 2021 500,000 492,318
Oracle Corp. 3.25% 2027 1,615,000 1,643,930
Oracle Corp. 4.00% 2046 250,000 266,434
Oracle Corp. 4.125% 2045 2,525,000 2,727,568
Orange SA 2.75% 2019 3,570,000 3,590,445
PEPSICO INC 4(2) CP 1/24/2018 50,000,000 49,947,150
PFIZER INC 4(2) CP 2/20/2018 50,000,000 49,891,800
PFIZER INC 4(2) CP 3/12/2018 50,000,000 49,849,150
PG&E Corp. 2.40% 2019 3,810,000 3,813,018
PNC Bank 1.70% 2018 1,000,000 997,168
PNC Bank 2.55% 2021 1,000,000 999,941
PNC Financial Services Group, Inc. 2.854% 2022 6,050,000 6,074,944
PNC Funding Corp. 3.30% 2022 9,000,000 9,244,899
PROCTER & GAMBLE 4(2) CP 1/12/2018 20,000,000 19,989,000
PROCTER & GAMBLE 4(2) CP 1/24/2018 30,000,000 29,968,710
PROCTER & GAMBLE 4(2) CP 1/25/2018 50,000,000 49,945,750
PROCTER & GAMBLE 4(2) CP 2/22/2018 25,000,000 24,943,775
Pacific Gas and Electric Co. 2.45% 2022 7,875,000 7,730,187
Pacific Gas and Electric Co. 3.25% 2023 6,490,000 6,556,918
Pacific Gas and Electric Co. 3.30% 2027 734,000 729,086
Pacific Gas and Electric Co. 3.30% 2027 1,100,000 1,091,688
Pacific Gas and Electric Co. 3.40% 2024 850,000 866,765
Pacific Gas and Electric Co. 3.50% 2025 225,000 230,187
Pacific Gas and Electric Co. 3.95% 2047 1,525,000 1,518,182
Pacific Gas and Electric Co. 4.75% 2044 336,000 373,021
Pennsylvania Electric Co. 3.25% 2028 1,355,000 1,335,709
Pernod Ricard SA 4.45% 2022 7,870,000 8,366,518
Peru (Republic of) 4.125% 2027 9,540,000 10,389,060
Petrobras Global Finance Co. 5.299% 2025 409,000 410,738
Petrobras Global Finance Co. 5.999% 2028 1,053,000 1,056,949
Petrobras Global Finance Co. 6.125% 2022 7,260,000 7,722,825
Petrobras Global Finance Co. 6.85% 2115 335,000 323,694
Petrobras Global Finance Co. 7.25% 2044 45,000 46,913
Petrobras Global Finance Co. 7.375% 2027 390,000 430,170
Petrobras Global Finance Co. 8.75% 2026 12,000,000 14,370,000
Petróleos Mexicanos 6.50% 2027 9,880,000 10,811,190
Petróleos Mexicanos 6.75% 2047 460,000 481,321
Petróleos Mexicanos 6.75% 2047 8,994,000 9,410,872
Petróleos Mexicanos 7.47% 2026 2,950,000 13,256,719
Pfizer Inc. 7.20% 2039 100,000 153,540
Philip Morris International Inc. 2.375% 2022 280,000 276,033
Philip Morris International Inc. 2.50% 2022 2,500,000 2,479,093
Philip Morris International Inc. 2.625% 2022 465,000 465,177
Philip Morris International Inc. 3.125% 2028 1,500,000 1,496,835
Philip Morris International Inc. 4.25% 2044 10,840,000 11,443,528
Phillips 66 Partners LP 3.55% 2026 570,000 565,837
Phillips 66 Partners LP 3.75% 2028 160,000 160,360
Phillips 66 Partners LP 4.68% 2045 125,000 128,774
Phillips 66 Partners LP 4.90% 2046 210,000 222,843
Piedmont Operating Partnership LP 4.45% 2024 1,000,000 1,041,979
Pioneer Natural Resources Co. 3.45% 2021 185,000 188,840
Plains All American Pipeline, LP 4.50% 2026 1,250,000 1,269,059
Portuguese Republic 2.875% 2025 24,000,000 31,788,490
Portuguese Republic 4.10% 2045 375,000 528,944
Portuguese Republic 5.125% 2024 101,050,000 108,778,809
Portuguese Republic 5.65% 2024 20,000,000 30,550,101
Procter & Gamble Co. 3.50% 2047 750,000 758,636
Progress Energy, Inc. 7.05% 2019 3,180,000 3,357,816
Progress Energy, Inc. 7.75% 2031 1,920,000 2,692,560
Prologis, Inc. 4.25% 2023 7,410,000 7,941,401
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2014-A, 5.50% 2054 875,000 998,953
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-A, 5.00% 2050 800,000 899,368
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-E, 5.25% 2055 2,765,000 3,174,967
Public Service Co. of Colorado 5.80% 2018 7,860,000 8,027,449
Public Service Electric and Gas Co. 3.60% 2047 500,000 512,848
Public Service Enterprise Group Inc. 2.00% 2021 3,061,000 2,990,707
Public Service Enterprise Group Inc. 2.65% 2022 3,906,000 3,875,494
Public Storage 2.37% 2022 350,000 345,512
Public Storage 3.094% 2027 460,000 457,469
Puget Energy, Inc. 3.65% 2025 3,000,000 3,079,740
Puget Energy, Inc. 5.625% 2022 8,104,000 8,957,846
Puget Energy, Inc. 6.00% 2021 8,286,000 9,173,820
Puget Energy, Inc. 6.50% 2020 5,896,000 6,530,858
QGOG Atlantic/Alaskan Rigs Ltd. 5.25% 2019 500,000 492,500
QUALCOMM INC 4(2) CP 1/18/2018 50,000,000 49,958,400
RCI Banque 3.50% 2018 8,280,000 8,309,071
Ras Laffan Liquefied Natural Gas II 5.298% 2020 356,642 370,087
Reckitt Benckiser Group PLC 2.75% 06-26-24 845,000 827,232
Republic Services, Inc. 3.375% 2027 1,215,000 1,226,217
Republic Services, Inc. 5.00% 2020 5,000,000 5,269,820
Reynolds American Inc. 2.30% 2018 1,790,000 1,792,289
Reynolds American Inc. 3.25% 2020 4,960,000 5,042,460
Reynolds American Inc. 3.25% 2022 2,250,000 2,282,695
Reynolds American Inc. 4.00% 2022 4,330,000 4,528,145
Reynolds American Inc. 4.45% 2025 15,670,000 16,730,044
Reynolds American Inc. 4.85% 2023 6,430,000 7,009,465
Reynolds American Inc. 5.70% 2035 1,255,000 1,499,279
Reynolds American Inc. 5.85% 2045 9,000,000 11,271,672
Roche Holdings, Inc. 2.375% 2027 500,000 476,166
Rockwell Collins, Inc. 2.80% 2022 245,000 245,553
Roper Technologies, Inc. 2.80% 2021 175,000 175,448
Roper Technologies, Inc. 3.80% 2026 420,000 433,809
Royal Bank of Canada 1.50% 2018 2,700,000 2,699,771
Royal Dutch Shell PLC 3.75% 2046 910,000 929,671
S.A.C.I. Falabella 3.75% 2027 860,000 843,230
SCANA Corp. 4.125% 2022 2,175,000 2,222,989
SCANA Corp. 4.75% 2021 2,600,000 2,697,687
SCANA Corp. 6.25% 2020 1,300,000 1,380,665
SIMON PROPERTY GROUP INC 4(2) CP 1/22/2018 25,000,000 24,974,850
Sabine Pass Liquefaction, LLC 4.20% 2028 790,000 800,657
Sabine Pass Liquefaction, LLC 5.00% 2027 4,670,000 5,013,511
Sabine Pass Liquefaction, LLC 5.625% 2021 1,100,000 1,179,943
Sabine Pass Liquefaction, LLC 5.625% 2023 1,000,000 1,098,899
Sabine Pass Liquefaction, LLC 5.625% 2025 11,980,000 13,230,317
Sabine Pass Liquefaction, LLC 5.75% 2024 9,000,000 10,014,426
Sabine Pass Liquefaction, LLC 5.875% 2026 13,800,000 15,525,235
Sabine Pass Liquefaction, LLC 6.25% 2022 2,800,000 3,117,780
Sales Tax Fncg. Corp., Sales Tax Rev. Bonds, Series 2007-A, National insured, 0% 2041 36,750,000 7,728,525
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 300,000 300,000
Santander Drive Auto Receivables Trust, Series 2016-1, Class B, 2.47% 2020 4,000,000 4,007,372
Santander Drive Auto Receivables Trust, Series 2016-1, Class C, 3.09% 2022 10,775,000 10,888,051
Santander Drive Auto Receivables Trust, Series 2016-3, Class C, 2.46% 2022 1,200,000 1,200,510
Santander Drive Auto Receivables Trust, Series 2017-1, Class C, 2.58% 2022 13,605,000 13,570,158
Santander Drive Auto Receivables Trust, Series 2017-3, Class C, 2.76% 2022 3,955,000 3,959,283
Santander Holdings USA, Inc. 2.70% 2019 2,500,000 2,506,045
Saudi Arabia (Kingdom of) 2.875% 2023 6,895,000 6,788,231
Saudi Arabia (Kingdom of) 3.625% 2028 11,435,000 11,352,439
Saudi Arabia (Kingdom of) 3.628% 2027 5,000,000 5,055,120
Saudi Arabia (Kingdom of) 4.625% 2047 225,000 230,265
Scentre Group 2.375% 2019 2,465,000 2,460,097
Scentre Group 2.375% 2021 175,000 173,044
Scentre Group, 3.50% 2025 4,765,000 4,793,990
Schaeffler Verwaltungs 4.75% 2026 340,000 345,950
Schlumberger BV 3.00% 2020 600,000 608,110
Schlumberger BV 3.625% 2022 222,000 228,756
Schlumberger BV 4.00% 2025 9,185,000 9,665,642
Sherwin-Williams Co. 2.75% 2022 250,000 249,255
Sherwin-Williams Co. 3.125% 2024 145,000 145,974
Sherwin-Williams Co. 3.45% 2027 1,550,000 1,577,421
Sherwin-Williams Co. 4.50% 2047 235,000 257,771
Shire PLC 1.90% 2019 25,600,000 25,376,154
Shire PLC 2.40% 2021 31,545,000 31,072,582
Shire PLC 2.875% 2023 11,810,000 11,623,437
Shire PLC 3.20% 2026 17,000,000 16,648,525
Social Professional Loan Program LLC, Series 2015-C, Class A2, 2.51% 2033 2,610,321 2,601,543
SoftBank Group Corp. 3.36% 2023 11,718,750 11,821,289
South Carolina Electric & Gas Co. 4.10% 2046 350,000 356,784
South Carolina Electric & Gas Co. 4.35% 2042 225,000 235,735
South Carolina Electric & Gas Co. 5.10% 2065 200,000 229,703
South Carolina Electric & Gas Co. 5.30% 2033 515,000 584,645
South Carolina Electric & Gas Co. 5.45% 2041 1,325,000 1,570,558
Southwestern Energy Co. 4.10% 2022 3,625,000 3,579,688
Southwestern Energy Co. 4.95% 2025 6,705,000 6,998,344
Southwestern Public Service Co. 3.7% 2047 1,120,000 1,148,011
Spectra Energy Partners, LP 2.95% 2018 1,615,000 1,624,956
Starbucks Corp. 3.75% 2047 3,885,000 3,944,176
Sumitomo Mitsui Banking Corp. 2.784% 2022 1,600,000 1,591,661
Sunoco LP 6.25% 2021 775,000 807,550
TC PipeLines, LP 4.375% 2025 1,285,000 1,338,483
Tampa Electric Co. 2.60% 2022 4,550,000 4,497,334
Targa Resources Partners LP 5.125% 2025 175,000 179,813
Targa Resources Partners LP 5.375% 2027 175,000 180,250
Teco Finance, Inc. 5.15% 2020 4,871,000 5,128,968
Tenet Healthcare Corp. 4.625% 2024 506,000 495,248
Tenet Healthcare Corp. 4.75% 2020 10,000,000 10,225,000
Tenet Healthcare Corp., 6.00% 2020 1,340,000 1,421,807
Teva Pharmaceutical Finance Company BV 2.20% 2021 6,382,000 5,834,048
Teva Pharmaceutical Finance Company BV 2.80% 2023 72,471,000 63,177,899
Teva Pharmaceutical Finance Company BV 3.15% 2026 73,918,000 61,126,194
Teva Pharmaceutical Finance Company BV 4.10% 2046 57,966,000 44,269,736
Thermo Fisher Scientific Inc. 2.40% 2019 4,050,000 4,060,672
Thomson Reuters Corp. 4.30% 2023 240,000 253,594
Time Warner Inc. 3.80% 2027 4,535,000 4,538,106
Total Capital Canada Ltd. 2.75% 2023 2,140,000 2,152,568
Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75% 2056 15,425,770 15,442,831
Toyota Motor Credit Corp. 2.125% 2019 500,000 500,080
Transocean Inc. 5.80% 2022 2,195,000 2,173,050
Transocean Inc. 9.00% 2023 5,000,000 5,425,000
Travelers Companies, Inc. 3.75% 2046 200,000 204,412
Travelers Companies, Inc. 4.00% 2047 405,000 431,972
Turkey (Republic of) 5.625% 2021 20,800,000 21,928,171
Turkey (Republic of) 5.75% 2047 9,350,000 9,132,360
U S TREASURY BILL 1/11/2018 11,800,000 11,796,460
U S TREASURY BILL 1/2/2018 50,000,000 49,994,000
U S TREASURY BILL 2/22/2018 55,000,000 54,900,450
U S TREASURY BILL 6/14/2018 50,000,000 49,668,500
U S TREASURY BILL 6/7/2018 70,500,000 70,048,095
U.S. Treasury 0.75% 2019 1,678,000 1,648,434
U.S. Treasury 1.00% 2019 1,489,000 1,466,457
U.S. Treasury 1.125% 2019 7,190,000 7,131,186
U.S. Treasury 1.50% 2019 26,790,000 26,614,526
U.S. Treasury 1.625% 2020 46,870,000 46,460,356
U.S. Treasury 1.75% 2022 893,000 876,989
U.S. Treasury 1.75% 2022 5,684,000 5,584,985
U.S. Treasury 1.875% 2019 336,000 335,895
U.S. Treasury 1.875% 2020 2,060,000 2,054,376
U.S. Treasury 1.875% 2022 635,000 628,155
U.S. Treasury 2.00% 2021 225,000 223,916
U.S. Treasury 2.125% 2022 172,737,000 172,068,508
U.S. Treasury 2.125% 2022 150,000,000 149,736,000
U.S. Treasury 2.125% 2024 260,000,000 257,452,000
U.S. Treasury 2.125% 2024 159,445,000 157,576,305
U.S. Treasury 2.125% 2024 200,000,000 197,500,000
U.S. Treasury 2.25% 2023 115,000,000 114,802,200
U.S. Treasury 2.25% 2024 77,542,000 77,148,087
U.S. Treasury 2.25% 2024 80,000,000 79,831,200
U.S. Treasury 2.25% 2027 226,075,000 223,314,624
U.S. Treasury 2.25% 2027 266,622,700 262,999,298
U.S. Treasury 2.25% 2027 150,000,000 147,993,000
U.S. Treasury 2.375% 2027 200,000,000 199,582,000
U.S. Treasury 2.50% 2046 38,000,000 36,162,320
U.S. Treasury 2.75% 2047 304,179,000 304,607,892
U.S. Treasury 2.75% 2047 71,680,000 71,819,776
U.S. Treasury 2.875% 2045 413,000 423,680
U.S. Treasury 2.875% 2046 3,367,500 3,455,358
U.S. Treasury 3.00% 2045 30,000,000 31,516,500
U.S. Treasury 6.125% 2027 25,000,000 33,144,500
U.S. Treasury 8.75% 2020 40,000,000 46,934,400
U.S. Treasury Inflation-Protected Security 0.375% 2025 53,073,144 53,159,070
U.S. Treasury Inflation-Protected Security 0.375% 2027 151,254,000 150,474,600
U.S. Treasury Inflation-Protected Security 2.00% 2026 37,594,095 42,281,817
UDR, Inc. 3.50% 2028 490,000 489,949
UNITED PARCEL SVC 4(2) CP 1/25/2018 50,000,000 49,945,000
US BANK NA CD 4/24/2018 35,000,000 34,979,350
US Bancorp 3.15% 2027 2,800,000 2,807,680
US Bancorp. 2.00% 2020 1,000,000 996,024
UniCredit SPA 4.625% 2027 425,000 449,140
UniCredit SPA 5.861% 2032 1,125,000 1,200,948
United Mexican States 3.60% 2025 12,000,000 12,192,000
United Mexican States 4.35% 2047 5,000,000 4,787,500
United Mexican States, Series M, 5.75% 2026 5,275,000 23,741,457
United Mexican States, Series M, 6.50% 2021 31,327,000 154,042,009
United Parcel Service, Inc., 2.50% 2023 1,500,000 1,492,527
United Parcel Service, Inc., 3.05% 2027 1,125,000 1,126,161
United Rentals, Inc. 5.50% 2027 5,000,000 5,275,000
United Technologies Corp. 3.125% 2027 15,900,000 15,924,422
UnitedHealth Group Inc. 1.90% 2018 6,820,000 6,823,260
UnitedHealth Group Inc. 3.35% 2022 4,585,000 4,736,984
UnitedHealth Group Inc. 3.375% 2027 500,000 514,262
UnitedHealth Group Inc. 3.75% 2025 5,610,000 5,917,478
Unum Group 3.00% 2021 520,000 523,988
Vale SA 4.375% 2022 2,610,000 2,705,265
Vale SA 5.875% 2021 22,390,000 24,438,685
Vale SA 6.25% 2026 4,538,000 5,268,618
Valeant Pharmaceuticals International, Inc. 5.50% 2025 4,350,000 4,447,875
Valero Energy Partners LP 4.375% 2026 500,000 523,405
Vantiv, Inc. 4.375% 2025 1,775,000 1,801,945
Various Purpose G.O. Bonds, 7.50% 2034 2,200,000 3,264,778
Verizon Communications Inc. 4.125% 2027 4,676,000 4,883,689
Verizon Communications Inc. 4.272% 2036 5,280,000 5,265,300
Verizon Communications Inc. 4.50% 2033 15,685,000 16,486,943
Verizon Communications Inc. 4.862% 2046 1,414,000 1,477,344
Verizon Owner Trust, Series 2016-1A, Class A, 1.42% 2021 490,000 487,391
Verizon Owner Trust, Series 2017-1A, Class A, 2.06% 2021 18,255,000 18,215,441
Verizon Owner Trust, Series 2017-1A, Class B, 2.45% 2021 2,000,000 2,001,242
Verizon Owner Trust, Series 2017-1A, Class C, 2.65% 2021 2,500,000 2,498,358
Verizon Owner Trust, Series 2017-3A, Class A1A, 2.06% 2022 5,235,000 5,214,652
Verizon Owner Trust, Series 2017-3A, Class B, 2.38% 2022 2,950,000 2,942,775
Virginia Electric and Power Co. 1.20% 2018 2,700,000 2,699,255
Virginia Electric and Power Co. 4.45% 2044 8,295,000 9,387,518
Virginia Electric and Power Co., Series B, 3.8% 2047 500,000 519,406
Visa Inc. 2.75% 2027 300,000 296,281
Volkswagen Group of America Finance, LLC 1.65% 2018 3,500,000 3,496,829
Volkswagen Group of America Finance, LLC 2.40% 2020 3,055,000 3,047,647
Volkswagen Group of America Finance, LLC 2.45% 2019 520,000 519,861
Volkswagen International Finance NV 4.00% 2020 4,200,000 4,355,219
Voya CLO Ltd., Series 2014-3A, Class A1R, (3-month USD-LIBOR + 0.72%) 2.236% 2026 5,560,000 5,560,000
WAL-MART STORES 4(2) CP 1/3/2018 50,000,000 49,990,200
WEA Finance LLC 2.70% 2019 5,675,000 5,707,313
WEA Finance LLC 3.25% 2020 14,375,000 14,635,044
WM. Wrigley Jr. Co 3.375% 2020 13,405,000 13,732,873
Wal-Mart Stores, Inc. 2.35% 2022 3,000,000 2,991,126
Walt Disney Co. 5.50% 2019 5,000,000 5,196,905
Warner Music Group 5.625% 2022 900,000 930,375
WellPoint, Inc. 2.25% 2019 1,250,000 1,248,029
WellPoint, Inc. 2.30% 2018 7,440,000 7,457,194
Wells Fargo & Co. 2.10% 2021 17,500,000 17,213,998
Wells Fargo & Co. 2.625% 2022 1,000,000 995,128
Wells Fargo & Co. 3.00% 2026 3,320,000 3,256,947
Wells Fargo & Co. 3.584% 2028 2,375,000 2,423,388
Western Gas Partners LP 2.60% 2018 280,000 280,513
Western Gas Partners LP 3.95% 2025 665,000 665,831
Western Gas Partners LP 4.65% 2026 310,000 322,720
Western Gas Partners LP 5.45% 2044 1,350,000 1,438,474
Westlake Automobile Receivables Trust, Series 2017-1A, Class C, 2.70% 2022 3,000,000 3,001,188
Westlake Chemical Corp. 4.375% 2047 235,000 244,847
Wheels SPV 2 LLC, Series 2016-1A, Class A2, 1.59% 2025 288,372 287,638
Williams Partners LP 4.00% 2025 500,000 512,307
Williams Partners LP 4.30% 2024 595,000 623,869
Williams Partners LP 4.50% 2023 500,000 529,364
Williams Partners LP 4.90% 2045 250,000 265,999
Williams Partners LP 5.10% 2045 445,000 490,850
Williams Partners LP 5.25% 2020 3,000,000 3,170,445
Williams Partners LP 5.40% 2044 555,000 624,676
Xcel Energy Inc 3.30% 2025 5,850,000 5,937,229
Xcel Energy Inc. 4.70% 2020 12,750,000 13,296,911
Xerox Corp. 3.50% 2020 2,000,000 2,022,336
Zimmer Holdings, Inc. 3.15% 2022 9,145,000 9,175,041
Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
Adelphia Recovery Trust, Series ACC-1 2,409,545 1,261 0.00
Corporate Risk Holdings Corp. 355 0 0.00
Corporate Risk Holdings I, Inc. 70,193 1,241,012 0.01
Vistra Energy Corp., rights 62,508 54,695 0.00

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.