American Funds - Portfolio holdings | Capital Group

Portfolio Holdings

American Funds Insurance Series - Asset Allocation Fund

As of June 30, 2019 (updated quarterly, upon availability)

Fixed-Income Securities* Shares or Principal Amount Market Value
3M Co. 2.25% 2023 7,387,000 7,402,040
3M Co. 2.25% 2026 500,000 490,223
ACE INA Holdings Inc. 2.30% 2020 1,345,000 1,345,608
ACE INA Holdings Inc. 2.875% 2022 3,880,000 3,952,090
ACE INA Holdings Inc. 3.35% 2026 1,380,000 1,447,275
ACE INA Holdings Inc. 4.35% 2045 800,000 937,707
ADT Corp. 3.50% 2022 4,925,000 4,931,156
AEP Transmission Co. LLC 3.75% 2047 2,390,000 2,455,706
AEP Transmission Co. LLC 3.80% 2049 106,000 109,572
AEP Transmission Co. LLC 4.25% 2048 1,524,000 1,672,735
AES Corp. 5.50% 2025 2,448,000 2,548,980
AT&T Inc. 3.80% 2027 305,000 317,380
AT&T Inc. 4.35% 2029 17,485,000 18,773,697
AbbVie Inc. 4.25% 2028 1,525,000 1,630,159
AbbVie Inc. 4.875% 2048 950,000 1,000,995
Abbott Laboratories 2.90% 2021 1,130,000 1,148,805
Abbott Laboratories 3.40% 2023 185,000 193,021
Abbott Laboratories 3.75% 2026 4,422,000 4,783,025
Abbott Laboratories 4.75% 2036 460,000 545,935
Abbott Laboratories 4.90% 2046 500,000 616,721
Alexandria Real Estate Equities, Inc. 3.80% 2026 315,000 331,203
Alexandria Real Estate Equities, Inc. 3.95% 2028 1,220,000 1,283,541
Alexandria Real Estate Equities, Inc. 4.85% 2049 410,000 470,139
Allergan PLC 3.00% 2020 525,000 526,625
Allergan PLC 3.45% 2022 4,557,000 4,653,075
Allergan PLC 3.80% 2025 206,000 213,825
Allergan PLC 4.75% 2045 2,596,000 2,668,094
Allison Transmission Holdings, Inc. 5.00% 2024 3,205,000 3,281,119
Allstate Corp. 3.85% 2049 950,000 999,649
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 9.652% 2025 5,150,000 5,119,100
Alphabet Inc. 1.998% 2026 3,000,000 2,927,451
Altria Group, Inc. 3.80% 2024 2,630,000 2,742,217
Altria Group, Inc. 4.40% 2026 445,000 476,064
Altria Group, Inc. 4.50% 2043 3,000,000 2,852,727
Altria Group, Inc. 4.80% 2029 3,815,000 4,118,270
Altria Group, Inc. 5.80% 2039 9,960,000 11,201,335
Altria Group, Inc. 5.95% 2049 7,190,000 8,188,166
Amazon.com, Inc. 2.40% 2023 1,500,000 1,515,029
Amazon.com, Inc. 2.80% 2024 1,500,000 1,544,993
Ameren Corp. 3.70% 2047 750,000 774,691
Ameren Corp. 4.50% 2049 2,250,000 2,635,200
AmeriCredit Automobile Receivables Trust, Series 2015-3, Class C, 2.73% 2021 1,761,471 1,761,957
AmeriCredit Automobile Receivables Trust, Series 2016-3, Class A3, 1.46% 2021 86,395 86,361
AmeriCredit Automobile Receivables Trust, Series 2016-3, Class B, 1.80% 2021 500,000 498,873
American Axle & Manufacturing Holdings, Inc. 6.50% 2027 3,275,000 3,279,094
American Campus Communities, Inc. 3.30% 2026 1,698,000 1,714,224
American Campus Communities, Inc. 3.35% 2020 500,000 505,318
American Campus Communities, Inc. 3.625% 2027 6,050,000 6,174,158
American Campus Communities, Inc. 3.75% 2023 3,055,000 3,162,832
American Campus Communities, Inc. 4.125% 2024 2,075,000 2,189,704
American Electric Power Co., Inc. 2.95% 2022 4,020,000 4,082,800
American Electric Power Co., Inc. 3.20% 2027 1,275,000 1,301,566
American Electric Power Co., Inc. 4.30% 2028 4,799,000 5,260,275
American Energy (Permian Basin) (3-month USD-LIBOR + 6.50%) 9.075% 2019 825,000 226,875
American Energy (Permian Basin) 7.125% 2020 7,948,000 874,280
American Energy (Permian Basin) 7.375% 2021 5,970,000 656,700
American Express Co. 2.20% 2020 6,000,000 5,992,980
American Express Co. 3.0% 2021 4,000,000 4,044,172
American Honda Finance Corp. 3.50% 2028 1,125,000 1,185,552
American International Group, Inc. 4.20% 2028 565,000 604,357
American Tower Corp. 3.55% 2027 1,425,000 1,453,148
American Tower Corp. 3.60% 2028 1,000,000 1,018,388
Anadarko Petroleum Corp. 4.85% 2021 2,751,000 2,847,989
Anadarko Petroleum Corp. 5.55% 2026 1,125,000 1,264,889
Angel Oak Capital Advisors LLC, CLO, Series 2013-9A, Class A1R, (3-month USD-LIBOR + 1.01%) 3.602% 2025 1,400,231 1,400,441
Anheuser-Busch Co./InBev Worldwide 4.70% 2036 445,000 490,111
Anheuser-Busch Co./InBev Worldwide 4.90% 2046 1,540,000 1,714,274
Anheuser-Busch InBev NV 4.00% 2028 5,090,000 5,485,941
Anheuser-Busch InBev NV 4.15% 2025 9,333,000 10,106,855
Anheuser-Busch InBev NV 4.75% 2029 886,000 1,004,433
Anheuser-Busch InBev NV 5.45% 2039 8,658,000 10,302,760
Anheuser-Busch InBev NV 5.55% 2049 2,758,000 3,367,832
Apache Corp. 4.25% 2030 2,555,000 2,634,420
Apache Corp. 5.35% 2049 5,210,000 5,518,140
Apple Inc. 3.00% 2024 625,000 646,272
Apple Inc. 3.35% 2027 40,000 42,046
Applied Systems, Inc., Term Loan, (3-month USD-LIBOR + 7.00%) 9.33% 2025 600,000 608,700
Arroyo Mortgage Trust, Series 2018-1, Class A1, 3.763% 2048 2,732,309 2,808,991
Ascent Resources Marcellus Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 6.50%) 8.911% 2023 1,223,333 1,192,750
Associated Materials, LLC 9.00% 2024 10,036,000 9,559,290
AstraZeneca PLC 2.375% 2022 4,072,000 4,100,569
AstraZeneca PLC 3.375% 2025 13,290,000 13,910,191
Avis Budget Group, Inc. 5.50% 2023 6,125,000 6,262,813
Avolon Holdings Funding Ltd 4.375% 2026 1,975,000 2,035,139
Avolon Holdings Funding Ltd. 3.625% 2022 1,254,000 1,272,622
Avolon Holdings Funding Ltd. 3.95% 2024 6,320,000 6,483,246
B&G Foods, Inc. 4.625% 2021 440,000 442,200
B&G Foods, Inc. 5.25% 2025 1,660,000 1,682,825
BB&T Corp. 2.45% 2020 3,000,000 3,001,173
BB&T Corp. 2.625% 2022 2,500,000 2,516,173
BB&T Corp. 2.75% 2022 2,287,000 2,314,821
BNP Paribas 3.375% 2025 3,225,000 3,281,876
BP Capital Markets PLC 4.234% 2028 8,350,000 9,290,260
Bank of America Corp. 2.625% 2020 4,037,000 4,052,987
Bank of America Corp. 3.248% 2027 750,000 768,746
Bank of America Corp. 3.458% 2025 (3-month USD-LIBOR + 0.97% on 3/15/2024) 15,719,000 16,316,762
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR + 0.78% on 3/5/2023) 6,000,000 6,217,476
Bank of America Corp. 3.864% 2024 (3-month USD-LIBOR + 0.94% on 7/23/2023) 1,369,000 1,436,789
Bank of America Corp. 3.974% 2030 7,878,000 8,443,924
Bank of America Corp. 4.271% 2029 (3-month USD-LIBOR + 1.31% on 7/23/2028) 1,530,000 1,671,572
Bank of Montreal 2.5% 2024 4,660,000 4,658,085
Bayer AG 2.375% 2019 2,750,000 2,746,554
Bayer US Finance II LLC 3.875% 2023 3,360,000 3,483,591
Bayer US Finance II LLC 4.2% 2034 460,000 436,306
Bayer US Finance II LLC 4.25% 2025 9,115,000 9,646,368
Bayer US Finance II LLC 4.375% 2028 625,000 659,065
Bayerische Motoren Werke AG 2.25% 2023 300,000 296,619
Bayerische Motoren Werke AG 3.15% 2024 10,185,000 10,477,972
Bayerische Motoren Werke AG 3.45% 2023 6,835,000 7,045,532
Becton, Dickinson and Co. 2.404% 2020 1,688,000 1,686,933
Becton, Dickinson and Co. 2.894% 2022 5,077,000 5,143,595
Becton, Dickinson and Co. 3.363% 2024 2,260,000 2,335,098
Becton, Dickinson and Co. 3.70% 2027 291,000 304,211
Berkshire Hathaway Energy Co. 2.40% 2020 1,245,000 1,244,572
Berkshire Hathaway Finance Corp. 1.30% 2019 808,000 807,063
Berkshire Hathaway Finance Corp. 4.20% 2048 7,520,000 8,414,008
Berkshire Hathaway Finance Corp. 4.25% 2049 1,125,000 1,266,083
Berkshire Hathaway Inc. 2.20% 2021 750,000 752,057
Berkshire Hathaway Inc. 2.75% 2023 2,115,000 2,149,836
Berkshire Hathaway Inc. 3.125% 2026 1,000,000 1,039,387
Boeing Co 3.6% 2034 7,500,000 7,835,873
Boeing Co. 2.70% 2022 6,150,000 6,238,812
Boeing Co. 2.80% 2024 875,000 890,215
Boeing Co. 3.10% 2026 1,508,000 1,555,938
Boeing Co. 3.20% 2029 250,000 258,101
Boeing Co. 3.9% 2049 250,000 263,507
Boston Scientific Corp. 3.45% 2026 3,100,000 3,243,009
Boston Scientific Corp. 3.75% 2026 5,145,000 5,473,436
Boston Scientific Corp. 3.85% 2025 4,500,000 4,788,000
Boston Scientific Corp. 4.00% 2029 2,550,000 2,759,064
Boston Scientific Corp. 4.70% 2049 515,000 591,188
Brandywine Operating Partnership, LP 3.95% 2023 1,070,000 1,109,844
Bristol-Myers Squibb Co 4.125% 2039 6,779,000 7,356,530
Bristol-Myers Squibb Co. 2.60% 2022 952,000 966,081
Bristol-Myers Squibb Co. 3.10% 2024 1,205,000 1,232,250
Bristol-Myers Squibb Co. 3.20% 2026 892,000 926,253
Bristol-Myers Squibb Co. 3.40% 2029 4,548,000 4,760,815
Bristol-Myers Squibb Co. 4.25% 2049 2,172,000 2,394,243
British American Tobacco International Finance PLC 3.95% 2025 4,250,000 4,400,306
British American Tobacco PLC 3.222% 2024 2,826,000 2,850,925
British American Tobacco PLC 3.557% 2027 5,590,000 5,567,701
British American Tobacco PLC 4.39% 2037 5,500,000 5,237,238
British American Tobacco PLC 4.54% 2047 2,500,000 2,320,290
Broadcom Inc. 3.125% 2022 1,575,000 1,584,226
Broadcom Inc. 3.625% 2024 1,575,000 1,584,385
Broadcom Inc. 4.25% 2026 12,370,000 12,542,228
Broadcom Inc.4.75% 2029 15,370,000 15,763,687
Broadcom Ltd. 3.50% 2028 4,777,000 4,537,295
Broadcom Ltd. 3.625% 2024 3,995,000 4,038,290
Broadcom Ltd. 3.875% 2027 3,060,000 3,002,754
Brookfield Property REIT Inc. 5.75% 2026 3,300,000 3,411,375
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 2024 500,000 532,543
CCO Holdings LLC and CCO Holdings Capital Corp. 4.908% 2025 500,000 542,953
CCO Holdings LLC and CCO Holdings Capital Corp. 5.00% 2028 3,600,000 3,685,320
CCO Holdings LLC and CCO Holdings Capital Corp. 5.05% 2029 2,303,000 2,539,302
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2023 2,650,000 2,712,108
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2049 6,586,000 6,699,576
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2026 5,850,000 6,149,813
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2048 5,736,000 6,350,268
CCO Holdings LLC and CCO Holdings Capital Corp. 6.484% 2045 6,035,000 7,114,366
CDK Global Inc. 5.25% 2029 660,000 684,750
CF Industries, Inc. 4.95% 2043 3,055,000 2,745,681
CME Group Inc. 3.75% 2028 3,425,000 3,733,490
CME Group Inc. 4.15% 2048 395,000 443,044
CONSOL Energy Inc. 5.875% 2022 17,714,000 17,271,150
CPPIB Capital Inc. 1.25% 2019 3,900,000 3,890,523
CPPIB Capital Inc. 2.25% 2022 4,286,000 4,323,202
CPPIB Capital Inc. 2.375% 2021 6,000,000 6,036,900
CPPIB Capital Inc. 2.75% 2027 6,600,000 6,825,654
CS First Boston Mortgage Securities Corp., Series 2004-5, Class IVA1, 6.00% 2034 314,761 330,022
CSAIL Commercial Mortgage Trust, Series 2015-C4, Class ASB, 3.6167% 2048 1,400,000 1,462,003
CSX Corp. 3.80% 2028 6,060,000 6,517,336
CSX Corp. 4.25% 2029 5,062,000 5,639,923
CSX Corp. 4.30% 2048 2,250,000 2,440,168
CSX Corp. 4.50% 2049 4,795,000 5,376,787
CSX Corp. 4.75% 2048 1,875,000 2,184,570
CVR Partners, LP 9.25% 2023 1,750,000 1,836,538
CVS Health Corp. 3.35% 2021 740,000 750,262
CVS Health Corp. 3.70% 2023 1,005,000 1,038,205
CVS Health Corp. 4.10% 2025 5,519,000 5,821,629
CVS Health Corp. 4.30% 2028 7,597,000 8,013,544
CVS Health Corp. 4.78% 2038 1,037,000 1,082,555
Cablevision Systems Corp. 6.75% 2021 9,575,000 10,269,188
Calpine Corp. 5.25% 2026 4,540,000 4,636,475
Canadian Natural Resources Ltd. 2.95% 2023 2,700,000 2,727,605
Canadian Natural Resources Ltd. 4.95% 2047 3,085,000 3,517,887
Capital Group Central Cash Fund 26,293,786 2,629,115,695
Cascade Funding Mortgage Trust, Series 2018-RM2, Class A, 4% 2068 2,789,765 2,851,665
Cenovus Energy Inc. 3.80% 2023 3,970,000 4,085,857
Cenovus Energy Inc. 4.25% 2027 8,565,000 8,864,852
Cenovus Energy Inc. 5.25% 2037 1,350,000 1,414,355
Cenovus Energy Inc. 5.40% 2047 3,500,000 3,790,717
Centene Corp. 4.75% 2022 8,770,000 8,989,250
Centene Corp. 4.75% 2025 2,825,000 2,923,056
CenterPoint Energy, Inc. 3.85% 2024 4,615,000 4,841,370
Centerpoint Energy, Inc. 2.50% 2022 900,000 902,964
CenturyLink, Inc. 6.75% 2023 8,475,000 9,163,594
CenturyLink, Inc. 7.50% 2024 1,500,000 1,663,125
CenturyLink, Inc., Series T, 5.80% 2022 2,625,000 2,749,688
Chemours Co. 6.625% 2023 8,155,000 8,465,869
Chesapeake Energy Corp. 4.875% 2022 7,225,000 6,863,750
Chesapeake Energy Corp. 5.75% 2023 75,000 70,688
Chesapeake Energy Corp. 8.00% 2025 1,825,000 1,692,688
Chesapeake Energy Corp. 8.00% 2027 5,200,000 4,572,776
Chevron Corp. 2.498% 2022 605,000 611,207
Chevron Corp. 2.566% 2023 2,000,000 2,031,628
Chevron Corp. 3.326% 2025 1,165,000 1,230,474
Chevron Phillips Chemical Co. LLC 3.30% 2023 595,000 607,804
Chevron Phillips Chemical Co. LLC 3.70% 2028 500,000 523,873
Cigna Corp. 3.40% 2021 1,350,000 1,376,351
Cigna Corp. 4.125% 2025 3,865,000 4,107,958
Cigna Corp. 4.375% 2028 5,620,000 6,066,312
Cigna Corp. 4.80% 2038 9,140,000 9,859,738
Cigna Corp. 4.90% 2048 1,650,000 1,797,030
Cigna Corp.3.75% 2023 5,830,000 6,070,674
Citibank Credit Card Issuance Trust, Series 2014-A6, Class A6, 2.15% 2021 275,000 274,972
Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class AAB, 2.984% 2048 1,185,000 1,213,389
Citigroup Inc. 2.35% 2021 4,705,000 4,702,163
Citigroup Inc. 2.876% 2023 (3-month USD-LIBOR + 0.95% on 7/24/2022) 1,725,000 1,747,123
Citigroup Inc. 2.90% 2021 2,000,000 2,020,832
Citigroup Inc. 3.98% 2030 (3-month USD-LIBOR + 1.023% on 3/20/2029) 9,110,000 9,741,933
Citigroup Inc. 4.65% 2048 2,430,000 2,829,781
Cleveland-Cliffs Inc. 4.875% 2024 3,025,000 3,077,938
Cleveland-Cliffs Inc. 5.75% 2025 9,456,000 9,432,360
Cleveland-Cliffs Inc. 5.875% 2027 12,075,000 11,773,125
Cloud Pass-Through Trust, Series 19-1A, Class CLOU, 3.554% 2022 3,173,811 3,215,917
Comcast Corp. 2.35% 2027 4,000,000 3,903,888
Comcast Corp. 3.00% 2024 500,000 514,660
Comcast Corp. 3.20% 2036 750,000 729,790
Comcast Corp. 3.70% 2024 2,245,000 2,383,216
Comcast Corp. 3.90% 2038 1,000,000 1,055,301
Comcast Corp. 3.95% 2025 6,315,000 6,814,517
Comcast Corp. 4.00% 2048 250,000 264,614
Comcast Corp. 4.15% 2028 4,980,000 5,493,592
Comcast Corp. 4.60% 2038 4,000,000 4,583,704
Comcast Corp. 4.70% 2048 1,049,000 1,231,040
Comision Federal de Electricidad 4.75% 2027 645,000 664,518
Commercial Mortgage Trust, Series 2015-PC1, Class A5, 3.902% 2050 4,735,000 5,069,291
Commonwealth Bank of Australia 2.25% 2020 500,000 499,903
Commonwealth Edison Co. 4.00% 2048 2,600,000 2,821,949
Commonwealth Edison Co. 4.35% 2045 1,585,000 1,797,766
Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Ref. Bonds, Series 2014-E, 2.857% 2040 50,000 50,045
Compass Diversified Holdings 8.00% 2026 2,775,000 2,898,141
Comstock Resources, Inc. 9.75% 2026 4,225,000 3,263,813
Conagra Brands, Inc. 4.30% 2024 4,685,000 4,969,764
Conagra Brands, Inc. 5.30% 2038 850,000 924,803
Conagra Brands, Inc. 5.40% 2048 1,015,000 1,114,438
Concho Resources Inc. 4.30% 2028 4,755,000 5,133,840
Concho Resources Inc. 4.85% 2048 750,000 843,668
ConocoPhillips 4.95% 2026 454,000 518,732
Consolidated Edison Co. of New York, Inc. 4.50% 2058 6,100,000 6,803,702
Consolidated Edison Company of New York, Inc. 4.125% 2049 5,107,000 5,507,123
Consolidated Energy Finance SA 6.50% 2026 2,685,000 2,678,288
Constellation Brands, Inc. 2.65% 2022 7,846,000 7,875,093
Constellation Brands, Inc. 2.70% 2022 195,000 196,289
Constellation Brands, Inc. 3.20% 2023 1,340,000 1,370,426
Constellation Brands, Inc. 3.60% 2028 938,000 967,629
Constellation Brands, Inc. 4.50% 2047 220,000 229,552
Consumers Energy Co. 3.125% 2024 3,785,000 3,895,605
Consumers Energy Co. 3.25% 2046 940,000 899,531
Consumers Energy Co. 3.375% 2023 475,000 493,513
Consumers Energy Co. 4.05% 2048 6,285,000 6,933,122
Convey Park Energy LLC 7.50% 2025 1,800,000 1,305,000
Corporate Office Properties LP 3.60% 2023 390,000 392,858
Corporate Office Properties LP 5.25% 2024 3,595,000 3,853,319
Costco Wholesale Corp. 2.75% 2024 11,125,000 11,431,549
Credit Suisse Group AG 3.80% 2023 1,625,000 1,685,749
Credit Suisse Group AG 3.869% 2029 (3-month USD-LIBOR + 1.41% on 1/12/2028) 800,000 825,050
Crédit Agricole SA 4.375% 2025 850,000 891,755
Cumulus Media New Holdings Inc., Term Loan, (3-month USD-LIBOR + 4.50%) 6.91% 2022 2,270,194 2,262,362
DCP Midstream Operating LP 4.95% 2022 4,775,000 4,966,000
DNB Bank ASA 2.375% 2021 2,000,000 2,003,976
DTE Electric Co. 3.95% 2049 4,865,000 5,305,677
DTE Energy Co. 3.6.% 2029 400,000 406,133
DaVita HealthCare Partners Inc. 5.00% 2025 3,650,000 3,617,150
DaimlerChrysler North America Holding Corp. 2.25% 2019 1,000,000 999,128
DaimlerChrysler North America Holding Corp. 2.25% 2020 2,765,000 2,761,903
DaimlerChrysler North America Holding Corp. 3.35% 2023 900,000 921,576
DaimlerChrysler North America Holding Corp. 3.65% 2024 7,000,000 7,270,109
DaimlerChrysler North America Holding Corp. 3.75% 2028 197,000 205,967
Danske Bank AS 2.70% 2022 1,000,000 1,002,661
Deutsche Telekom International Finance BV 1.95% 2021 1,014,000 1,003,437
Deutsche Telekom International Finance BV 2.82% 2022 784,000 791,163
Deutsche Telekom International Finance BV 9.25% 2032 3,570,000 5,475,552
Diamond Offshore Drilling, Inc. 4.875% 2043 5,610,000 3,506,250
Diamond Offshore Drilling, Inc. 7.875% 2025 1,720,000 1,642,600
Diebold Nixdorf AG, Term Loan B, (3-month USD-LIBOR + 2.75%) 5.188% 2023 1,423,886 1,336,673
Diebold, Inc. 8.50% 2024 1,850,000 1,646,500
Dominion Resources, Inc. 1.60% 2019 665,000 664,074
Dominion Resources, Inc. 2.00% 2021 790,000 783,649
Dominion Resources, Inc. 2.579% 2020 713,000 712,085
Dominion Resources, Inc. 2.75% 2022 800,000 806,006
Dominion Resources, Inc. 2.85% 2026 1,500,000 1,488,305
Dominion Resources, Inc. 2.962% 2019 300,000 300,000
Dominion Resources, Inc. 3.071% 2024 3,900,000 3,931,707
Dow Chemical Co. 3.15% 2024 1,565,000 1,596,467
Dow Chemical Co. 3.625% 2026 2,523,000 2,616,914
Dow Chemical Co. 4.55% 2025 1,405,000 1,530,745
Dow Chemical Co. 4.80% 2049 2,101,000 2,266,553
Dow Chemical Co. 5.55% 2048 1,850,000 2,202,379
DowDuPont Inc. 4.205% 2023 2,765,000 2,960,765
DowDuPont Inc. 4.493% 2025 5,873,000 6,499,978
DowDuPont Inc. 4.725% 2028 236,000 266,801
DowDuPont Inc. 5.419% 2048 1,200,000 1,460,854
Drive Auto Receivables Trust, Series 2016-CA, Class C, 3.02% 2021 567,969 568,415
Drive Auto Receivables Trust, Series 2017-1, Class C, 2.84% 2022 547,585 548,054
Drive Auto Receivables Trust, Series 2017-2, Class C, 2.75% 2023 603,973 604,370
Drive Auto Receivables Trust, Series 2017-AA, Class C, 2.98% 2022 805,658 806,416
Drive Auto Receivables Trust, Series 2019-3, Class A3 2.49% 2023 3,330,000 3,336,693
Drive Auto Receivables Trust, Series 2019-3, Class C 2.90% 2025 820,000 824,316
Drive Auto Receivables Trust, Series 2019-B, Class B 2.65% 2024 595,000 597,361
Drivetime Auto Owner Trust, Series 2017-3A, Class C, 3.01% 2023 3,513,047 3,515,839
Drivetime Auto Owner Trust, Series 2017-4A, Class C, 2.86% 2023 2,912,405 2,913,459
Drivetime Auto Owner Trust, Series 2019-2A Class A 2.85% 2022 820,000 822,809
Duke Energy Carolinas, Inc. 3.95% 2028 2,500,000 2,722,280
Duke Energy Corp. 2.65% 2026 5,105,000 5,046,992
Duke Energy Corp. 3.75% 2024 150,000 158,384
Duke Energy Florida, LLC 3.20% 2027 2,420,000 2,497,343
Duke Energy Ohio, Inc. 3.70% 2046 1,463,000 1,496,822
Duke Energy Progress Inc. 3.70% 2046 4,350,000 4,420,627
Duke Energy Progress Inc. 4.15% 2044 2,020,000 2,187,094
Duke Energy Progress, LLC 3.375% 2023 2,040,000 2,127,430
Dun & Bradstreet Corp. 6.875% 2026 1,780,000 1,886,800
Dun & Bradstreet Corp., Term Loan B, (3-month USD-LIBOR + 5.00%) 7.404% 2026 2,155,000 2,158,366
EDP Finance BV 3.625% 2024 6,425,000 6,623,706
EDP Finance BV 4.125% 2020 3,402,000 3,423,977
EMD Finance LLC 2.40% 2020 110,000 109,925
EMD Finance LLC 2.95% 2022 510,000 514,499
EMD Finance LLC 3.25% 2025 215,000 219,577
EOG Resources, Inc. 4.15% 2026 2,980,000 3,246,379
EPR Properties 4.50% 2027 3,240,000 3,381,429
EPR Properties 4.75% 2026 2,570,000 2,724,336
EQT Corp. 3.00% 2022 475,000 471,319
EQT Corp. 3.90% 2027 910,000 861,006
Electricité de France SA 2.35% 2020 650,000 650,377
Electricité de France SA 4.75% 2035 1,250,000 1,366,493
Electricité de France SA 4.875% 2038 2,750,000 3,133,303
Electricité de France SA 5.60% 2040 525,000 639,142
Eli Lilly and Co. 3.375% 2029 5,355,000 5,705,522
Eli Lilly and Co. 3.95% 2049 2,750,000 2,977,730
Emera US Finance LP 2.70% 2021 770,000 772,680
Emera US Finance LP 3.55% 2026 3,345,000 3,425,230
Emera US Finance LP 4.75% 2046 570,000 614,858
EnLink Midstream Partners, LP 5.45% 2047 634,000 545,240
Enbridge Energy Partners, LP 5.20% 2020 120,000 122,088
Enbridge Energy Partners, LP 5.875% 2025 3,825,000 4,419,306
Enbridge Energy Partners, LP 7.375% 2045 1,245,000 1,829,241
Enbridge Energy Partners, LP, Series B, 7.50% 2038 2,000,000 2,811,396
Enbridge Inc. 3.70% 2027 2,569,000 2,654,388
Enbridge Inc. 4.00% 2023 3,008,000 3,161,405
Endo International PLC 5.75% 2022 7,340,000 6,440,850
Endo International PLC 6.00% 2025 5,715,000 3,857,625
Enel Finance International SA 3.50% 2028 3,085,000 3,042,806
Enel Finance International SA 4.25% 2023 4,339,000 4,557,785
Energy Transfer Partners, LP 4.15% 2020 2,182,000 2,219,786
Energy Transfer Partners, LP 4.50% 2024 1,210,000 1,287,847
Energy Transfer Partners, LP 4.75% 2026 2,494,000 2,673,344
Energy Transfer Partners, LP 5.25% 2029 5,757,000 6,443,407
Energy Transfer Partners, LP 5.40% 2047 650,000 691,602
Energy Transfer Partners, LP 6.00% 2048 774,000 883,834
Energy Transfer Partners, LP 6.25% 2049 6,257,000 7,416,503
Enersis Américas SA 4.00% 2026 245,000 253,575
Ensco PLC 5.75% 2044 7,095,000 4,115,100
Ensco PLC 7.75% 2026 2,575,000 1,931,250
Entergy Corp. 2.95% 2026 1,160,000 1,160,821
Entergy Louisiana, LLC 4.20% 2048 4,200,000 4,646,725
Enterprise Fleet Financing LLC, Series 2016-2, Class A2, 1.74% 2022 50,213 50,161
Enterprise Fleet Financing LLC, Series 2017-1, Class A2, 2.13% 2022 195,567 195,289
Enterprise Fleet Financing LLC, Series 2017-1, Class A3, 2.60% 2022 655,000 656,683
Enterprise Products Operating LLC 4.90% 2046 500,000 561,074
Equinor ASA 3.625% 2028 7,085,000 7,642,795
Essex Portfolio LP 3.50% 2025 5,865,000 6,058,756
Essex Portfolio LP 3.875% 2024 1,000,000 1,048,792
Essex Portfolio LP 4.00% 2029 1,800,000 1,918,274
Euramax International, Inc. 12.00% 2020 4,550,000 4,618,250
Eversource Energy 3.80% 2023 2,730,000 2,881,204
Eversource Energy 4.25% 2029 1,000,000 1,099,847
Exelon Corp. 3.40% 2026 100,000 102,720
Exelon Corp. 3.497% 2022 1,075,000 1,101,985
Exeter Automobile Receivables Trust, Series 2018-1A, Class C, 3.03% 2023 3,000,000 3,022,551
Exeter Automobile Receivables Trust, Series 2019-2A, Class A, 2.93% 2022 4,076,892 4,088,491
Extraction Oil & Gas, Inc. 5.625% 2026 2,900,000 2,356,250
Exxon Mobil Corp. 2.222% 2021 3,070,000 3,077,776
Exxon Mobil Corp. 3.043% 2026 1,125,000 1,165,768
FISERV INC 4.6% 07-01-49 3,800,000 3,994,837
FS Energy and Power Fund 7.50% 2023 2,995,000 3,047,413
Fannie Mae 1.875% 2026 13,000,000 12,851,800
Fannie Mae 7.00% 2047 12,633 14,128
Fannie Mae 7.00% 2047 2,200 2,465
Fannie Mae Pool #190379 5.50% 2037 130,848 145,377
Fannie Mae Pool #254767 5.50% 2033 444,265 491,938
Fannie Mae Pool #555956 5.50% 2033 299,278 332,619
Fannie Mae Pool #735059 4.00% 2019 3 3
Fannie Mae Pool #885290 6.00% 2021 10,491 10,667
Fannie Mae Pool #888204 6% 2026 224,257 245,619
Fannie Mae Pool #888292 6.00% 2037 1,243,107 1,409,295
Fannie Mae Pool #888637 6.00% 2037 21,820 24,759
Fannie Mae Pool #889983 6.00% 2038 40,596 46,065
Fannie Mae Pool #890297 4.00% 2026 914,576 951,795
Fannie Mae Pool #890329 4.00% 2026 121,832 128,027
Fannie Mae Pool #893641 6.00% 2036 1,630,377 1,845,961
Fannie Mae Pool #893688 6.00% 2036 466,283 527,633
Fannie Mae Pool #907239 6.00% 2036 91,324 103,427
Fannie Mae Pool #924952 6.00% 2037 1,673,708 1,896,113
Fannie Mae Pool #928031 6.00% 2037 174,261 197,404
Fannie Mae Pool #929185 5.50% 2036 710,608 788,514
Fannie Mae Pool #995224 6.00% 2038 25,468 28,405
Fannie Mae Pool #995391 6.00% 2038 43,558 49,243
Fannie Mae Pool #995674 6.00% 2038 749,293 852,989
Fannie Mae Pool #AB0538 6.00% 2038 413,892 468,933
Fannie Mae Pool #AB2730 4.00% 2021 6,869 7,134
Fannie Mae Pool #AB4536 6.00% 2041 642,403 710,008
Fannie Mae Pool #AC1224 4.00% 2024 905,090 948,087
Fannie Mae Pool #AD0095 6.00% 2038 1,568,525 1,779,829
Fannie Mae Pool #AD0119 6.00% 2038 2,237,414 2,545,361
Fannie Mae Pool #AD0249 5.50% 2037 243,683 268,258
Fannie Mae Pool #AD0833 6.00% 2039 848 965
Fannie Mae Pool #AD0855 4% 2025 912,754 958,581
Fannie Mae Pool #AD3659 4.00% 2025 2,647 2,755
Fannie Mae Pool #AD7072 4.00% 2025 9,478 9,939
Fannie Mae Pool #AD8204 4.00% 2025 2,764 2,876
Fannie Mae Pool #AE0021 6% 2038 665,677 757,810
Fannie Mae Pool #AE0375 4.00% 2025 913,686 950,775
Fannie Mae Pool #AE2321 4.00% 2025 2,519 2,616
Fannie Mae Pool #AE3069 4.00% 2025 4,680 4,908
Fannie Mae Pool #AH0829 4.00% 2026 4,720 4,903
Fannie Mae Pool #AH5618 4.00% 2026 7,143 7,507
Fannie Mae Pool #AH6431 4.00% 2026 672,177 706,420
Fannie Mae Pool #AH8174 4.00% 2026 7,748 8,085
Fannie Mae Pool #AH8275 4.00% 2026 4,558 4,739
Fannie Mae Pool #AH9695 4.00% 2026 916,071 953,342
Fannie Mae Pool #AJ3010 4.00% 2026 122,313 127,031
Fannie Mae Pool #AL0013 6.00% 2040 410,726 465,723
Fannie Mae Pool #AL0309 6.00% 2040 134,603 152,735
Fannie Mae Pool #AL0766 4.00% 2041 2,478,609 2,618,730
Fannie Mae Pool #AL1102 4.00% 2041 3,124,897 3,307,981
Fannie Mae Pool #AL3908 4.00% 2026 5,805 6,057
Fannie Mae Pool #AL5448 4.00% 2026 912,287 949,160
Fannie Mae Pool #AL7164 6.00% 2038 376,463 425,988
Fannie Mae Pool #AL7228 6.00% 2041 531,579 602,049
Fannie Mae Pool #AL7299 4.00% 2027 453,561 472,026
Fannie Mae Pool #AL8347 4.00% 2029 920,175 966,826
Fannie Mae Pool #AL8354 3.50% 2045 3,489,644 3,633,732
Fannie Mae Pool #AL8522 3.50% 2046 6,726,743 7,004,518
Fannie Mae Pool #AL8773 3.50% 2045 14,284,314 14,828,760
Fannie Mae Pool #AP2131 3.50% 2042 8,912,710 9,253,087
Fannie Mae Pool #AS8554 3.00% 2036 19,350,029 19,703,960
Fannie Mae Pool #AS9313 4.00% 2047 21,563,504 22,716,720
Fannie Mae Pool #AU8813 4.00% 2043 3,528,231 3,771,690
Fannie Mae Pool #AU9348 4.00% 2043 2,028,746 2,168,711
Fannie Mae Pool #AU9350 4% 2043 1,896,725 2,010,062
Fannie Mae Pool #BC4764 3.00% 2046 32,967,464 33,393,173
Fannie Mae Pool #BC7611 4.00% 2046 759,842 790,961
Fannie Mae Pool #BD9307 4.00% 2046 2,154,884 2,251,740
Fannie Mae Pool #BD9699 3.50% 2046 2,672,139 2,761,688
Fannie Mae Pool #BE1290 3.50% 2047 5,226,907 5,401,951
Fannie Mae Pool #BH4084 3.50% 2047 36,101,320 37,176,923
Fannie Mae Pool #BJ3775 3.50% 2048 24,486,832 25,198,199
Fannie Mae Pool #BJ9256 4.00% 2048 7,575,948 7,871,811
Fannie Mae Pool #BK0920 4.00% 2048 423,897 440,333
Fannie Mae Pool #BK4764 4.00% 2048 1,874,448 1,946,284
Fannie Mae Pool #BK5255 4.00% 2048 41,352 43,471
Fannie Mae Pool #BK6971 4.00% 2048 859,990 893,405
Fannie Mae Pool #BK7655 3.917% 2048 1,571,318 1,637,524
Fannie Mae Pool #BM4112 4.00% 2024 447,983 465,260
Fannie Mae Pool #BN1085 4.00% 2034 1,911,495 1,998,702
Fannie Mae Pool #BN3172 4.00% 2034 972,731 1,018,078
Fannie Mae Pool #CA0770 3.50% 2047 6,124,477 6,299,729
Fannie Mae Pool #CA2626 4.00% 2048 17,351,824 18,358,420
Fannie Mae Pool #CA2936 4.00% 2049 11,789,963 12,473,957
Fannie Mae Pool #MA0704 4% 2021 136,273 141,528
Fannie Mae Pool #MA1109 4.00% 2027 8,100 8,420
Fannie Mae Pool #MA3211 4.00% 2047 13,220,201 13,761,317
Fannie Mae Pool #MA3277 4.00% 2048 55,794 58,034
Fannie Mae Pool #MA3443 4.00% 2048 120,007 124,033
Fannie Mae Pool #MA3495 4.00% 2048 41,476,027 42,867,714
Fannie Mae Pool #MA3496 4.50% 2048 463,262 484,130
Fannie Mae Pool #MA3536 4.00% 2048 309,487 320,142
Fannie Mae Pool #MA3639 4.50% 2049 4,121,735 4,307,189
Fannie Mae Pool #MA3692 3.50% 2049 28,940,459 29,626,435
Fannie Mae, Series 2001-T10, Class A1, 7.00% 2041 152,195 176,309
Fannie Mae, Series 2002-W3, Class A5, 7.50% 2041 36,451 42,922
Fannie Mae, Series 2006-43, Class JO, principal only, 0% 2036 88,124 77,900
Fannie Mae, Series 2012-M14, Class A2, Multi Family, 2.301% 2022 2,091,136 2,106,025
Fannie Mae, Series 2012-M5, Class A2, Multi Family, 2.715% 2022 3,308,322 3,351,211
Fannie Mae, Series 2012-M9, Class A2, Multi Family, 2.482% 2022 3,840,705 3,873,877
Fannie Mae, Series 2013-M14, Class A2, Multi Family, 3.329% 2023 7,140,526 7,462,756
Fannie Mae, Series 2014-M1, Class A2, Multi Family, 3.319% 2023 7,976,141 8,272,112
Fannie Mae, Series 2014-M2, Class A2, Multi Family, 3.513% 2023 6,195,578 6,521,601
Fannie Mae, Series 2014-M3, Class A2, Multi Family, 3.501% 2024 6,684,259 7,048,290
Fannie Mae, Series 2014-M9, Class A2, Multi Family, 3.103% 2024 6,215,000 6,459,337
Fannie Mae, Series 2017-M3, Class A2, Multi Family, 2.567% 2026 9,665,000 9,693,260
Fannie Mae, Series 2017-M7, Class A2, Multi Family, 2.961% 2027 2,891,000 2,993,142
Fidelity National Information Services, Inc. 3.75 2029 990,000 1,052,043
Finance of America Structured Securities Trust, Series 2019-JR1, Class A, 2.00% 2069 4,199,434 4,397,198
Finance of America Structured Securities Trust, Series 2019-JR2, Class A1, 2.0% 2069 12,000,000 12,138,852
First Quantum Minerals Ltd. 6.50% 2024 4,704,000 4,415,880
First Quantum Minerals Ltd. 6.875% 2026 4,275,000 3,981,094
First Quantum Minerals Ltd. 7.25% 2022 8,175,000 8,134,125
First Quantum Minerals Ltd. 7.25% 2023 1,200,000 1,173,000
First Quantum Minerals Ltd. 7.50% 2025 11,350,000 10,853,438
FirstEnergy Corp. 3.90% 2027 7,935,000 8,330,092
FirstEnergy Corp. 4.85% 2047 2,875,000 3,269,099
Fiserv, Inc. 2.75% 2024 1,600,000 1,612,427
Fiserv, Inc. 3.20% 2026 7,455,000 7,615,789
Fiserv, Inc. 3.5% 2029 12,430,000 12,772,782
Florida Power & Light Co. 3.99% 2049 3,597,000 3,946,985
Ford Credit Auto Owner Trust, Series 2016-2, Class A, 2.03% 2027 2,900,000 2,892,495
Ford Credit Auto Owner Trust, Series 2017-1, Class A, 2.62% 2028 3,330,000 3,371,022
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 2031 11,965,000 12,342,687
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.53% 2030 12,000,000 12,558,288
Ford Credit Auto Owner Trust, Series 2018-2, Class A, 3.47% 2030 13,095,000 13,727,855
Ford Credit Floorplan Master Owner Trust, Series 2016-3, Class A1, 1.55% 2021 3,500,000 3,498,415
Ford Motor Credit Co. 1.897% 2019 1,250,000 1,248,840
Ford Motor Credit Co. 2.343% 2020 4,635,000 4,602,634
Ford Motor Credit Co. 2.597% 2019 3,000,000 2,998,566
Ford Motor Credit Co. 3.157% 2020 500,000 501,898
Ford Motor Credit Co. 3.20% 2021 2,250,000 2,257,209
Fox Corp. 3.666% 2022 1,035,000 1,069,668
Fox Corp. 4.03% 2024 3,925,000 4,175,721
Fox Corp. 4.709% 2029 4,225,000 4,717,179
Fox Corp. 5.476% 2039 5,000,000 5,908,550
Fox Corp. 5.576% 2049 1,680,000 2,050,768
France Télécom 4.125% 2021 2,500,000 2,599,658
Freddie Mac 3.00% 2037 28,775,084 29,319,221
Freddie Mac 3.00% 2046 8,160,823 8,335,204
Freddie Mac 3.50% 2047 36,415,301 37,507,796
Freddie Mac 3.50% 2047 23,057,348 23,749,068
Freddie Mac 3.50% 2047 5,331,037 5,490,973
Freddie Mac 3.50% 2047 41,375,898 42,660,454
Freddie Mac 3.50% 2047 4,060,438 4,199,037
Freddie Mac 4.00% 2042 4,039,703 4,264,104
Freddie Mac 4.00% 2043 2,031,660 2,154,490
Freddie Mac 4.00% 2043 5,411,237 5,731,750
Freddie Mac 4.00% 2045 12,978,881 13,747,179
Freddie Mac 4.00% 2048 46,245,761 47,874,861
Freddie Mac 4.00% 2048 22,969,799 23,776,475
Freddie Mac 4.50% 2039 186,536 200,517
Freddie Mac 4.50% 2046 994,556 1,050,305
Freddie Mac 4.50% 2046 1,836,645 1,937,108
Freddie Mac 5.00% 2038 992,640 1,078,899
Freddie Mac 5.00% 2040 1,875,474 2,040,144
Freddie Mac 6.50% 2038 111,052 126,220
Freddie Mac Pool #760014 3.347% 2045 1,026,579 1,044,710
Freddie Mac Pool #760015 3.17% 2047 1,922,439 1,943,982
Freddie Mac Pool #G18729 3.00% 2034 5,228,017 5,336,853
Freddie Mac Pool #G18732 3.00% 2034 4,891,215 4,993,192
Freddie Mac Pool #G60344 4% 2045 12,720,190 13,473,149
Freddie Mac Pool #J40154 3.00% 2034 603,688 616,258
Freddie Mac Pool #Q23185 4% 2043 2,306,668 2,467,448
Freddie Mac Pool #ZS8710 3.00% 2033 3,830,602 3,907,826
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 2.75% 2056 5,635,118 5,717,385
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 2.50% 2056 10,692,204 10,857,859
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 2056 10,215,170 10,238,930
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 2.50% 2056 2,424,331 2,484,954
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 2.75% 2057 1,802,825 1,844,718
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 2057 1,424,073 1,454,000
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 2057 3,544,267 3,610,995
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.5% 2058 5,383,022 5,590,468
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 2028 4,306,168 4,488,560
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-1, Class A1, 3.50% 2029 8,498,061 8,758,187
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-1, Class A2, 3.50% 2029 2,455,000 2,545,270
Freddie Mac, Series K044, Class A2, Multi Family, 2.811% 2025 4,265,000 4,397,825
Freddie Mac, Series K047, Class A2, Multi Family, 3.329% 2025 4,000,000 4,234,032
Freddie Mac, Series K055, Class A2, Multi Family, 2.673% 2026 10,050,000 10,295,592
Freddie Mac, Series K063, Class A2, Multi Family, 3.43% 2027 4,375,000 4,687,051
Freddie Mac, Series K066, Class A2, Multi Family, 3.117% 2027 4,755,000 4,997,182
Freddie Mac, Series K067, Class A2, Multi Family, 3.194% 2027 5,770,000 6,094,903
Freddie Mac, Series K069, Class A2, Multi Family, 3.187% 2027 2,380,000 2,514,610
Freddie Mac, Series K070, Class A2, Multi Family, 3.303% 2027 3,145,000 3,350,793
Freddie Mac, Series K075, Class A2, Multi Family, 3.65% 2028 5,900,000 6,434,552
Freddie Mac, Series K076, Class A2, Multi Family, 3.90% 2028 16,930,000 18,831,442
Freddie Mac, Series K080, Class A2, Multi Family, 3.926% 2028 8,320,000 9,274,986
Freddie Mac, Series K089, Class A2, Multi Family, 3.563% 2029 4,400,000 4,790,817
Freddie Mac, Series K723, Class A2, Multi Family, 2.454% 2023 3,025,000 3,066,303
Freddie Mac, Series K725, Class A2, Multi Family, 3.002% 2024 5,555,000 5,757,980
Freddie Mac, Series K733, Class A2, Multi Family, 3.75% 2025 13,000,000 14,048,086
Freddie Mac, Series K734, Class A2, Multi Family, 3.208% 2026 7,370,000 7,757,308
Freddie Mac, Series KS01, Class A1, Multi Family, 1.693% 2022 1,185,018 1,177,249
Freddie Mac, Series T041, Class 3A, 5.422% 2032 279,192 306,996
Freeport-McMoRan Inc. 3.55% 2022 13,160,000 13,209,350
Frontier Communications Corp. 10.50% 2022 1,065,000 726,863
Frontier Communications Corp. 11.00% 2025 30,605,000 19,128,125
G.O. Bonds, Pension Funding Series 2003, Assured Guaranty Municipal insured, 5.10% 2033 1,335,000 1,511,354
General Dynamics Corp. 3.375% 2023 2,550,000 2,663,824
General Dynamics Corp. 3.50% 2025 4,804,000 5,119,844
General Dynamics Corp. 3.75% 2028 720,000 788,346
General Electric Co. 2.70% 2022 6,535,000 6,527,779
General Mills, Inc. 3.70% 2023 195,000 204,489
General Motors Co. 4.35% 2025 1,920,000 1,982,016
General Motors Co. 5.40% 2048 500,000 487,931
General Motors Financial Co. 2.35% 2019 3,500,000 3,498,317
General Motors Financial Co. 3.45% 2022 3,625,000 3,677,921
General Motors Financial Co. 3.45% 2022 2,000,000 2,030,320
General Motors Financial Co. 3.50% 2024 5,008,000 5,001,785
General Motors Financial Co. 3.55% 2022 5,785,000 5,888,731
General Motors Financial Co. 3.70% 2020 6,355,000 6,439,089
General Motors Financial Co. 4.30% 2025 1,025,000 1,057,377
General Motors Financial Co. 4.35% 2027 500,000 509,555
Genesis Energy, LP 6.50% 2025 2,725,000 2,673,906
Genesis Energy, LP 6.75% 2022 4,737,000 4,796,213
Georgia-Pacific Corp. 2.539% 2019 7,000,000 7,000,637
GlaxoSmithKline PLC 2.875 2022 2,500,000 2,546,023
GlaxoSmithKline PLC 3.00% 2024 5,695,000 5,884,404
GlaxoSmithKline PLC 3.625% 2025 3,585,000 3,816,473
Glencore Funding LLC 4.125% 2024 945,000 981,354
Global SC Finance II SRL, Series 2013-1A, Class A, 2.98% 2028 95,833 95,749
Global SC Finance II SRL, Series 2014-1A, Class A1, 3.19% 2029 226,208 226,441
Global SC Finance II SRL, Series 2017-1A, Class A, 3.85% 2037 1,587,907 1,631,597
Gogo Inc. 9.875% 2024 22,875,000 23,589,844
Gogo Inc., convertible notes, 6.00% 2022 1,390,000 1,285,750
Goldman Sachs Group, Inc. 2.55% 2019 4,000,000 4,001,756
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022) 2,936,000 2,964,934
Goldman Sachs Group, Inc. 3.272% 2025 (3-month USD-LIBOR + 1.201% on 9/29/2024) 1,800,000 1,842,487
Goldman Sachs Group, Inc. 3.691% 2028 (3-month USD-LIBOR + 1.51% on 6/5/2027) 2,000,000 2,067,166
Goldman Sachs Group, Inc. 4.223% 2029 (3-month USD-LIBOR + 1.301% on 5/1/2028) 380,000 407,638
Government National Mortgage Assn. 3.50% 2049 52,505,031 54,178,629
Government National Mortgage Assn. 4.00% 2048 1,775,513 1,863,514
Government National Mortgage Assn. 4.00% 2048 14,785,721 15,509,082
Government National Mortgage Assn. 4.00% 2049 17,700,000 18,343,696
Government National Mortgage Assn. 4.50% 2049 5,003,665 5,234,724
Government National Mortgage Assn. 4.50% 2049 2,675,893 2,787,893
Government National Mortgage Assn. 4.50% 2049 44,867,043 46,929,177
Government National Mortgage Assn. 4.50% 2049 2,678,499 2,792,282
Government National Mortgage Assn. Pool #MA5263 3.50% 2048 18,055,067 18,658,070
Government National Mortgage Assn. Pool #MA5711 4.5% 2049 38,642,072 40,444,222
Government National Mortgage Assn. Pool #MA5762 3.50% 2049 18,700,768 19,325,336
Government National Mortgage Assn. Pool #MA5876 4.00% 2049 77,660,139 80,577,520
Government National Mortgage Assn. Pool #MA5877 4.50% 2049 423,942 442,413
Government National Mortgage Assn. Pool #MA5931 4.00% 2049 4,839,938 5,039,721
Government National Mortgage Assn. Pool #MA5986 4.00% 2049 30,373,460 31,655,190
Government National Mortgage Assn. Pool #MA5987 4.50% 2049 69,635,451 72,819,950
Groupe BPCE SA 2.75% 2023 600,000 604,040
Groupe BPCE SA 5.15% 2024 2,500,000 2,704,963
Groupe BPCE SA 5.70% 2023 3,460,000 3,789,153
Gulf Power Co. 3.30% 2027 7,100,000 7,386,308
H.I.G. Capital, LLC 6.75% 2024 2,366,000 2,229,955
HCA HEALTHCARE INC 5.5% 06-15-49 700,000 730,568
HCA Inc. 4.125% 2029 3,040,000 3,116,869
HCA Inc. 5.875% 2023 2,125,000 2,315,995
HSBC Holdings PLC 3.262% 2023 (3-month USD-LIBOR + 1.055% on 3/13/2022) 1,500,000 1,526,700
HSBC Holdings PLC 3.803% 2025 (ICE LIBOR USD 3 Month + 1.211% on 3/11/2024) 625,000 651,271
HSBC Holdings PLC 3.973% 2030 (3-month USD-LIBOR + 1.610% on 5/22/2029) 7,200,000 7,518,226
HSBC Holdings PLC 4.25% 2024 3,000,000 3,167,805
HSBC Holdings PLC 4.583% 2029 (3-month USD-LIBOR + 1.535% on 6/19/2028) 4,500,000 4,917,614
Halliburton Co. 3.80% 2025 260,000 272,712
Hanesbrands Inc. 4.625% 2024 860,000 897,152
Hanesbrands Inc. 4.875% 2026 2,700,000 2,814,453
Hardwoods Acquisition Inc. 7.50% 2021 2,328,000 1,431,720
HealthSouth Corp. 5.75% 2024 6,279,000 6,417,452
HealthSouth Corp. 5.75% 2025 3,285,000 3,428,719
Hertz Global Holdings Inc. 7.375% 2021 985,000 986,724
Hertz Global Holdings Inc. 7.625% 2022 10,675,000 11,102,000
Holcim Ltd. 5.15% 2023 2,395,000 2,569,320
Home Depot, Inc. 2.95% 2029 3,345,000 3,430,267
Home Depot, Inc. 3.25% 2022 1,175,000 1,212,700
Home Depot, Inc. 3.90% 2028 1,075,000 1,186,067
Home Depot, Inc. 4.25% 2046 3,500,000 3,954,045
Home Depot, Inc. 4.50% 2048 2,560,000 3,026,199
Hospitality Properties Trust 3.95% 2028 1,950,000 1,838,363
Hospitality Properties Trust 4.50% 2023 1,945,000 2,014,742
Hospitality Properties Trust 4.50% 2025 150,000 150,021
Hospitality Properties Trust 4.95% 2027 500,000 503,714
Host Hotels & Resorts LP 4.50% 2026 355,000 375,372
Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2013-2-A, AMT, 4.00% 2043 20,000 20,799
Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2014-F, 4.00% 2034 10,000 10,241
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2014-A, 4.00% 2038 150,000 157,334
Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 167, 4.00% 2043 5,000 5,189
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-A-1, 4.00% 2044 40,000 41,482
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-C-1, 4.00% 2044 60,000 62,593
Housing Fin. Auth., Mortgage Rev. Ref. Bonds, Series 2014, AMT, 4.00% 2041 45,000 47,259
Hyundai Capital America 3.25% 2022 480,000 485,000
Icahn Enterprises Finance Corp. 6.25% 2022 5,675,000 5,845,250
Imperial Tobacco Finance PLC 3.50% 2023 4,000,000 4,075,512
Inmarsat PLC 4.875% 2022 9,800,000 9,910,250
Inmarsat PLC 6.50% 2024 2,550,000 2,674,313
Intelsat Jackson Holding Co. 6.625% 2024 1,400,000 1,408,750
Intelsat Jackson Holding Co. 8.00% 2024 3,075,000 3,213,375
Intelsat Jackson Holding Co. 8.50% 2024 9,225,000 9,178,875
International Business Machines Corp. 3.00% 2024 7,600,000 7,810,984
International Business Machines Corp. 3.30% 2026 6,000,000 6,217,446
International Business Machines Corp. 3.50% 2029 2,000,000 2,092,614
International Paper Co. 7.30% 2039 2,005,000 2,614,123
Intesa Sanpaolo SpA 3.375% 2023 750,000 747,573
Intesa Sanpaolo SpA 3.875% 2027 1,250,000 1,198,425
Intesa Sanpaolo SpA 5.017% 2024 2,855,000 2,863,331
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2013-A, 3.00% 2043 15,000 15,220
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2013-C, 4.50% 2043 5,000 5,020
JPMorgan Chase & Co. 2.25% 2020 4,337,000 4,335,929
JPMorgan Chase & Co. 3.54% 2028 (3-month USD-LIBOR + 1.38% on 5/1/2027) 3,000,000 3,123,882
JPMorgan Chase & Co. 3.559% 2024 (3-month USD-LIBOR + 0.73% on 4/23/2023) 16,003,000 16,594,263
JPMorgan Chase & Co. 3.702% 2030 (3-month USD-LIBOR + 1.160% on 5/6/2029) 7,316,000 7,716,968
JPMorgan Chase & Co. 3.797% 2024 (3-month USD-LIBOR + 0.89% on 7/23/2023) 3,276,000 3,437,595
JPMorgan Chase & Co. 3.96% 2027 (3-month USD-LIBOR + 1.245% on 1/29/2026) 4,500,000 4,814,424
JPMorgan Chase & Co. FRN 2019 (3-month USD-LIBOR + 0.590%) 2,246,000 2,247,848
JPMorgan Chase & Co. FRN 2020 (3-month USD-LIBOR + 0.955%) 3,936,000 3,956,200
JPMorgan Chase & Co., Series Z, junior subordinated, 5.30% (undated) (3-month USD-LIBOR + 3.80% on 5/1/2020) 2,700,000 2,731,820
Jaguar Holding Co. 6.375% 2023 1,600,000 1,660,000
Jersey Central Power & Light Co. 4.3% 2026 1,790,000 1,922,936
Jonah Energy LLC 7.25% 2025 1,825,000 889,688
Keurig Dr Pepper Inc. 4.057% 2023 2,000,000 2,100,340
Keurig Dr Pepper Inc. 4.417% 2025 4,110,000 4,405,899
Keurig Dr Pepper Inc. 4.597% 05-25-28 3,266,000 3,579,650
Keurig Dr Pepper Inc. 4.985% 2038 7,161,000 7,869,767
Keurig Dr Pepper Inc. 5.085% 05-25-48 279,000 310,764
KfW 2.125% 2022 375,000 376,980
Kinder Morgan Energy Partners, LP 3.50% 2021 15,000 15,235
Kinder Morgan, Inc. 4.30% 2028 4,359,000 4,671,113
Kinder Morgan, Inc. 5.20% 2048 756,000 854,604
Kronos Inc., Term Loan B, (3-month USD-LIBOR + 8.25%) 10.829% 2024 4,375,000 4,529,949
LB-UBS Commercial Mortgage Trust, Series 2007-C6, Class AM, 6.114% 2040 27,040 27,040
LSB Industries, Inc. 9.625% 2023 3,585,000 3,665,663
LSC Communications, Inc. 8.75% 2023 3,475,000 3,318,625
Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.75% 2059 1,006,469 1,015,246
Liberty Global PLC 5.50% 2028 2,075,000 2,090,563
Ligado Networks, Term Loan, (3-month USD-LIBOR + 8.75%) 11.222% 2020 6,994,801 5,176,152
Lloyds Banking Group PLC 2.907% 2023 (3-month USD-LIBOR + 0.81% on 11/7/2022) 750,000 749,683
Lloyds Banking Group PLC 4.05% 2023 2,000,000 2,088,270
Lloyds Banking Group PLC 4.375% 2028 2,150,000 2,285,177
Lloyds Banking Group PLC 4.45% 2025 800,000 851,934
Lloyds Banking Group PLC 4.582% 2025 750,000 782,786
Lockheed Martin Corp. 2.50% 2020 6,015,000 6,039,872
Lockheed Martin Corp. 3.10% 2023 545,000 559,550
Lockheed Martin Corp. 3.55% 2026 3,490,000 3,711,615
Lowe's Companies, Inc. 2.50% 2026 500,000 491,080
Lowe's Companies, Inc. 3.65% 2029 5,714,000 5,974,524
Lowe's Companies, Inc. 4.55% 2049 385,000 415,534
MASTR Alternative Loan Trust, Series 2004-2, Class 2A1, 6.00% 2034 696,799 754,263
MDC Partners Inc. 6.50% 2024 825,000 762,267
MGM Resorts International 7.75% 2022 1,700,000 1,899,750
MPLX LP 4.125% 2027 500,000 523,634
MPLX LP 4.50% 2038 750,000 757,808
Mallinckrodt PLC 4.875% 2020 13,950,000 13,514,063
Manitoba (Province of) 3.05% 2024 2,600,000 2,721,342
Marathon Oil Corp. 4.40% 2027 1,005,000 1,068,044
Marsh & McLennan Companies, Inc. 3.875% 2024 1,420,000 1,506,576
Marsh & McLennan Companies, Inc. 4.375% 2029 4,540,000 5,020,922
Marsh & McLennan Companies, Inc. 4.90% 2049 1,539,000 1,837,761
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 3.75%) 6.152% 2024 2,932,119 2,930,743
McDermott International, Inc. 10.625% 2024 1,900,000 1,783,017
McDonald's Corp. 3.35% 2023 420,000 435,921
Medtronic, Inc. 3.50% 2025 2,250,000 2,386,706
Mello Warehouse Securitization Trust, Series 2018-W1, Class A, (1-month USD-LIBOR + 0.85%) 3.254% 2051 1,690,000 1,690,455
Merck & Co., Inc. 2.90% 2024 3,103,000 3,206,569
Merck & Co., Inc. 3.40% 2029 3,240,000 3,452,181
Meritage Homes Corp. 5.125% 2027 2,675,000 2,721,813
Metropolitan Life Global Funding I 1.95% 2021 1,875,000 1,860,236
Metropolitan Life Global Funding I 2.50% 2020 7,000,000 7,017,318
Microsoft Corp. 3.30% 2027 4,000,000 4,242,136
Microsoft Corp. 4.10% 2037 1,000,000 1,142,102
Microsoft Corp. 4.20% 2035 6,000,000 6,884,340
Microsoft Corp. 4.25% 2047 250,000 296,751
MidAmerican Energy Holdings Co. 3.10% 2027 2,000,000 2,055,360
Mineral Resources Ltd. 8.125% 2027 1,950,000 2,035,313
Molina Healthcare, Inc. 4.875% 2025 5,242,000 5,340,288
Molina Healthcare, Inc. 5.375% 2022 12,235,000 12,770,281
Molson Coors Brewing Co. 1.45% 2019 312,000 311,881
Molson Coors Brewing Co. 2.25% 2020 1,525,000 1,521,518
Molson Coors Brewing Co. 3.00% 2026 460,000 454,693
Molson Coors Brewing Co. 4.20% 2046 2,950,000 2,851,747
Morgan Stanley 2.50% 2021 3,000,000 3,006,093
Morgan Stanley 3.125% 2026 325,000 331,327
Morgan Stanley 3.737% 2024 (3-month USD-LIBOR + 0.847% on 4/24/2023) 3,825,000 3,989,200
Morgan Stanley 4.431% 2030 (3-month USD-LIBOR + 1.628% on 1/23/2029) 8,492,000 9,408,813
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class ASB, 3.04% 2048 1,180,000 1,207,304
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C27, Class ASB, 3.557% 2047 1,000,000 1,044,944
Morgan Stanley Capital I Trust, Series 2014-CPT, Class A, 3.35% 2029 2,650,000 2,704,529
Mosaic Co. 3.25% 2022 1,788,000 1,825,269
Mosaic Co. 4.05% 2027 1,587,000 1,640,942
NBCUniversal Enterprise, Inc. 5.25% 2049 4,630,000 4,742,741
NGL Energy Partners LP 6.125% 2025 7,435,000 7,397,825
National Australia Bank Ltd. 1.375% 2019 475,000 474,867
National Grid PLC 3.15% 2027 275,000 279,529
National Rural Utilities Cooperative Finance Corp. 3.05% 2027 4,000,000 4,103,812
National Rural Utilities Cooperative Finance Corp. 3.70% 2029 2,640,000 2,846,023
Nationstar HECM Loan Trust, Series 2018-1A, Class A, 2.76% 2028 240,459 240,329
Navient Corp. 5.50% 2023 9,110,000 9,394,688
Navient Corp. 6.125% 2024 5,880,000 6,056,400
Navient Corp. 6.50% 2022 3,675,000 3,912,920
Navient Corp. 7.25% 2023 525,000 562,406
Neon Holdings, Inc. 10.125% 2026 1,135,000 1,120,813
Nestlé Holdings, Inc. 3.35% 2023 750,000 781,576
New York Life Global Funding 1.70% 2021 1,125,000 1,113,003
New York Life Global Funding 2.30% 2022 250,000 250,484
New York Life Global Funding 2.35% 2026 890,000 874,464
Nexstar Escrow Corporation 5.625% 2027 1,595,000 1,638,863
NextEra Energy Capital Holdings, Inc. 3.15% 2024 2,255,000 2,315,639
NiSource Finance Corp. 2.65% 2022 675,000 679,429
Noble Corp. PLC 7.95% 2025 1,725,000 1,267,875
Noble Corp. PLC 8.95% 2045 3,125,000 2,062,500
Noble Energy, Inc. 4.95% 2047 375,000 398,096
Norbord Inc. 5.75% 2027 3,850,000 3,898,125
Nordea Bank AB 2.50% 2020 2,450,000 2,455,958
Northern States Power Co. 4.125% 2044 6,000,000 6,539,538
Northrop Grumman Corp. 2.93% 2025 7,325,000 7,474,291
Northrop Grumman Corp. 3.25% 2028 5,920,000 6,079,556
Nova Chemicals Corp. 5.25% 2027 4,475,000 4,777,063
Oasis Petroleum Inc. 6.875% 2022 1,775,000 1,769,453
Oncor Electric Delivery Company LLC 2.75% 2024 1,525,000 1,553,836
Orange SA 5.50% 2044 1,500,000 1,867,443
Owens & Minor, Inc. 3.875% 2021 7,935,000 6,843,938
Owens & Minor, Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 6.94% 2025 1,895,675 1,585,258
PNC Bank 1.45% 2019 2,503,000 2,501,300
PNC Bank 2.30% 2020 250,000 250,161
PNC Bank 2.55% 2021 9,000,000 9,075,087
PNC Financial Services Group, Inc. 2.854% 2022 1,445,000 1,471,136
PNC Financial Services Group, Inc. 3.50% 2024 3,850,000 4,055,394
PNC Financial Services Group, Inc. 3.90% 2024 2,000,000 2,106,260
PacifiCorp., First Mortgage Bonds, 3.50% 2029 4,000,000 4,284,144
PacifiCorp., First Mortgage Bonds, 3.60% 2024 5,695,000 5,976,908
PacifiCorp., First Mortgage Bonds, 4.125% 2049 5,500,000 6,068,442
Pacific Gas and Electric Co. 2.95% 2026 250,000 235,625
Pacific Gas and Electric Co. 4.25% 2023 7,445,000 7,500,838
Pacific Gas and Electric Co. 4.65% 2028 750,000 768,750
Par Pharmaceutical Companies Inc. 7.50% 2027 5,335,000 5,254,975
Peabody Energy Corp. 6.00% 2022 2,150,000 2,209,125
PetSmart, Inc., Term Loan, (3-month USD-LIBOR + 3.00%) 5.33% 2022 5,962,887 5,679,649
Petróleos Mexicanos 4.875% 2022 2,250,000 2,247,750
Petróleos Mexicanos 5.35% 2028 3,250,000 2,965,950
Petsmart, Inc. 5.875% 2025 13,760,000 13,416,000
Petsmart, Inc. 8.875% 2025 14,215,000 13,753,013
Pfizer Inc. 2.80% 2022 4,250,000 4,325,302
Pfizer Inc. 2.95% 2024 3,825,000 3,944,206
Pfizer Inc. 3.45% 2029 14,455,000 15,306,559
Pfizer Inc. 4.0% 2049 1,910,000 2,082,802
Philip Morris International Inc. 1.875% 2021 1,500,000 1,491,890
Philip Morris International Inc. 2.00% 2020 1,000,000 997,163
Philip Morris International Inc. 2.375% 2022 1,960,000 1,961,192
Philip Morris International Inc. 2.50% 2022 1,245,000 1,250,067
Philip Morris International Inc. 2.625% 2022 1,670,000 1,684,157
Philip Morris International Inc. 2.875% 2024 788,000 800,144
Philip Morris International Inc. 3.25% 2024 2,000,000 2,071,546
Philip Morris International Inc. 3.375% 2029 3,268,000 3,369,792
Philip Morris International Inc. 4.25% 2044 2,050,000 2,150,526
Phillips 66 3.90% 2028 1,645,000 1,729,199
Phillips 66 Partners LP 3.55% 2026 160,000 162,978
Phillips 66 Partners LP 4.68% 2045 400,000 414,237
Phillips 66 Partners LP 4.90% 2046 275,000 293,150
Pioneer Natural Resources Co. 3.45% 2021 3,345,000 3,388,903
Pisces Parent LLC 8.00% 2026 6,415,000 6,270,663
Procter & Gamble Co. 1.70% 2021 400,000 397,258
Prudential Financial, Inc. 3.50% 2024 4,000,000 4,226,888
Prudential Financial, Inc. 3.878% 2028 500,000 543,778
Prudential Financial, Inc. 4.35% 2050 10,000,000 11,241,310
Prudential Financial, Inc. 4.418% 2048 250,000 282,889
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2013-E, 5.00% 2048 20,000 21,938
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2014-A, 5.50% 2054 1,350,000 1,521,950
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-A, 5.00% 2050 1,125,000 1,265,974
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-A, 5.00% 2055 2,955,000 3,316,722
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-E, 5.25% 2055 3,020,000 3,462,400
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2016-B, 5.00% 2035 410,000 482,213
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2016-B, 5.00% 2036 1,685,000 1,976,117
Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2016-C, 5.00% 2035 650,000 764,485
Public Service Co. of Colorado 2.25% 2022 2,000,000 2,002,546
Public Service Electric and Gas Co. 3.20% 2029 9,223,000 9,553,183
Public Service Electric and Gas Co. 3.00% 2025 1,000,000 1,023,716
Public Service Electric and Gas Co. 3.85% 2049 3,690,000 3,957,230
Public Service Enterprise Group Inc. 2.25% 2026 385,000 373,886
Public Service Enterprise Group Inc. 2.65% 2022 1,900,000 1,904,917
Public Service Enterprise Group Inc. 2.875% 2024 2,625,000 2,652,518
Public Storage 2.37% 2022 565,000 568,363
Puget Energy, Inc. 5.625% 2022 1,965,000 2,108,148
Puget Energy, Inc. 6.00% 2021 1,823,000 1,948,599
Puget Energy, Inc. 6.50% 2020 1,245,000 1,313,917
QGOG Constellation SA 9.50% 2024 855,465 410,632
Qatar (State of) 3.375% 2024 2,315,000 2,395,157
Qatar (State of) 4.00% 2029 745,000 804,151
Qatar (State of) 4.817% 2049 750,000 861,446
Quebec (Province of) 2.375% 2022 5,057,000 5,116,167
Quebec (Province of) 2.75% 2027 9,000,000 9,335,790
R.R. Donnelley & Sons Co. 6.50% 2023 3,310,000 3,290,471
Rabobank Nederland 2.75% 2022 2,250,000 2,274,404
Rabobank Nederland 4.375% 2025 5,000,000 5,337,225
Rayonier Advanced Materials Inc. 5.50% 2024 3,304,000 2,841,440
Realogy Corp. 4.875% 2023 2,990,000 2,705,950
Realogy Corp. 5.25% 2021 3,075,000 2,967,375
Realogy Corp. 9.375% 2027 2,545,000 2,242,781
Reckitt Benckiser Group PLC 2.375% 2022 1,125,000 1,123,578
Reynolds American Inc. 4.45% 2025 4,655,000 4,937,340
Reynolds American Inc. 5.85% 2045 2,030,000 2,190,007
Roche Holdings, Inc. 1.75% 2022 1,165,000 1,151,444
Roche Holdings, Inc. 2.875% 2021 2,043,000 2,068,196
Roche Holdings, Inc. 3.00% 2025 4,673,000 4,829,321
Roche Holdings, Inc. 3.35% 2024 935,000 979,923
Rockwell Collins, Inc. 1.95% 2019 550,000 549,879
Rockwell Collins, Inc. 2.80% 2022 3,745,000 3,784,476
Roper Technologies, Inc. 2.80% 2021 1,815,000 1,827,012
Roper Technologies, Inc. 3.80% 2026 410,000 428,331
Rotech Healthcare Inc., Term Loan A, (3-month USD-LIBOR + 3.25%) 5.652% 2023 3,352,500 3,351,112
Rotech Healthcare Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.592% 2023 8,239,188 8,010,905
Royal Bank of Canada 1.875% 2020 7,000,000 6,982,619
Ryerson Inc. 11.00% 2022 7,690,000 8,134,582
SCANA Corp. 6.25% 2020 3,785,000 3,864,795
Sabine Pass Liquefaction, LLC 4.20% 2028 1,307,000 1,373,248
Sabine Pass Liquefaction, LLC 5.875% 2026 923,000 1,055,123
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 5,312,250
San Diego Gas & Electric 3.75% 2047 1,664,000 1,598,651
San Diego Gas & Electric 4.10% 2049 1,675,000 1,741,643
San Diego Gas & Electric 4.15% 2048 1,150,000 1,198,662
Santander Drive Auto Receivables Trust, Series 2015-4, Class C, 2.97% 2021 18,625 18,630
Santander Drive Auto Receivables Trust, Series 2016-2, Class C, 2.66% 2021 319,071 319,352
Santander Drive Auto Receivables Trust, Series 2017-1, Class B, 2.10% 2021 30,246 30,236
Santander Drive Auto Receivables Trust, Series 2017-1, Class C, 2.58% 2022 1,718,000 1,717,859
Saudi Arabia (Kingdom of) 3.625% 2028 1,035,000 1,064,986
Saudi Arabia (Kingdom of) 5.25% 2050 1,000,000 1,139,540
Saudi Arabian Oil Co. 3.50% 2029 1,025,000 1,038,577
Scentre Group 3.25% 2025 1,000,000 1,008,813
Scentre Group 3.50% 2025 3,075,000 3,145,104
Scentre Group 3.75% 2027 2,430,000 2,502,973
Schlumberger BV 3.625% 2022 500,000 516,271
Schlumberger BV 3.75% 2024 495,000 516,720
Schlumberger BV 4.00% 2025 70,000 74,110
Scientific Games Corp. 8.25% 2026 3,835,000 4,036,299
Sequoia Mortgage Trust, Series 2018-CH1, Class A1, 4.00% 2048 3,990,554 4,148,628
Shell International Finance BV 1.875% 2021 2,000,000 1,991,544
Shell International Finance BV 2.25% 2020 1,965,000 1,967,881
Shell International Finance BV 3.50% 2023 2,235,000 2,347,483
Shell International Finance BV 3.875% 2028 4,590,000 5,029,855
Sherwin-Williams Co. 2.25% 2020 1,688,000 1,685,161
Sherwin-Williams Co. 2.75% 2022 585,000 591,108
Sherwin-Williams Co. 3.125% 2024 275,000 279,795
Sherwin-Williams Co. 3.45% 2027 695,000 715,594
Sherwin-Williams Co. 4.50% 2047 1,400,000 1,493,932
Shire PLC 2.40% 2021 4,498,000 4,490,205
Shire PLC 2.875% 2023 3,413,000 3,447,314
Shire PLC 3.20% 2026 16,330,000 16,504,241
Siemens AG 2.70% 2022 2,685,000 2,713,343
Sirius XM Radio Inc. 3.875% 2022 3,450,000 3,475,875
Sirius XM Radio Inc. 4.625% 2024 2,820,000 2,892,700
Skandinaviska Enskilda Banken AB 1.875% 2021 1,675,000 1,655,248
Skandinaviska Enskilda Banken AB 2.625% 2021 250,000 251,135
Skandinaviska Enskilda Banken AB 2.80% 2022 700,000 708,352
South Carolina Electric & Gas Co. 5.45% 2041 2,250,000 2,784,233
Southern California Edison Co. 3.40% 2023 150,000 153,037
Southern California Edison Co. 3.50% 2023 700,000 720,525
Southern California Edison Co. 4.00% 2047 6,586,000 6,562,073
Southern California Edison Co. 4.125% 2048 3,335,000 3,363,681
Southern California Edison Co. 4.875% 2049 3,745,000 4,213,346
Southern California Edison Co. 5.75% 2035 675,000 769,347
Southern California Edison Co., 2.90% 2021 55,000 55,137
Southern California Edison Co., Series C, 3.60% 2045 5,319,000 4,944,739
Springleaf Finance Corp. 6.125% 2024 5,675,000 6,114,813
Staples, Inc. 7.50% 2026 13,925,000 13,877,794
Starbucks Corp. 3.10% 2023 1,338,000 1,376,617
Starbucks Corp. 4.50% 2048 870,000 955,518
Starwood Property Trust, Inc. 5.00% 2021 2,700,000 2,781,000
Statoil ASA 2.75% 2021 1,925,000 1,958,395
Statoil ASA 3.25% 2024 2,850,000 2,979,951
Statoil ASA 4.25% 2041 2,000,000 2,234,184
Sunoco LP 4.875% 2023 990,000 1,013,513
Swiss Re Finance (Luxembourg) SA 5.00% 2049 (UST Yield Curve Rate T Note Constant Maturity 5-year + 3.582% on 4/2/2029) 2,800,000 3,005,800
Symphony Ltd., CLO, Series 2013-12A, Class AR, (3-month USD-LIBOR + 1.03%) 3.627% 2025 7,150,173 7,150,388
Synchrony Credfit Card Master Note Trust, Series 2018-A1, Class A1, 3.38% 2024 3,310,000 3,397,626
Synchrony Credfit Card Master Note Trust, Series 2019-1, Class A, 2.95% 2025 5,400,000 5,519,075
TAL Advantage V LLC, Series 2013-2A, Class A, 3.55% 2038 1,157,167 1,172,204
TAL Advantage V LLC, Series 2014-1A, Class A, 3.51% 2039 1,073,333 1,089,417
Takeda Pharmaceutical Co., Ltd. 4.40% 2023 11,295,000 12,104,897
Takeda Pharmaceutical Co., Ltd. 5.00% 2028 1,875,000 2,124,656
Talen Energy Corp. 10.50% 2026 885,000 885,000
Talen Energy Corp. 7.25% 2027 1,540,000 1,582,350
Tampa Electric Co. 4.35% 2044 3,805,000 4,094,161
Team Health Holdings, Inc. 6.375% 2025 8,310,000 6,398,700
Teekay Corp. 9.25% 2022 4,825,000 4,909,438
Teekay Offshore Partners LP 8.50% 2023 3,550,000 3,511,731
Tenet Healthcare Corp. 4.375% 2021 3,650,000 3,723,000
Tenet Healthcare Corp. 4.50% 2021 4,500,000 4,584,375
Tenet Healthcare Corp. 4.625% 2024 2,553,000 2,594,486
Tenet Healthcare Corp. 4.75% 2020 3,290,000 3,335,238
Tenet Healthcare Corp. 6.00% 2020 11,580,000 11,985,300
Teva Pharmaceutical Finance Co. BV 2.20% 2021 1,055,000 1,004,888
Teva Pharmaceutical Finance Co. BV 2.80% 2023 11,560,000 10,057,200
Teva Pharmaceutical Finance Co. BV 3.15% 2026 27,048,000 21,097,440
Teva Pharmaceutical Finance Co. BV 4.10% 2046 3,550,000 2,427,135
Teva Pharmaceutical Finance Co. BV 6.00% 2024 12,016,000 11,377,650
Toronto-Dominion Bank 2.65% 2024 5,275,000 5,323,393
Total Capital International 3.455% 2029 14,140,000 15,064,798
Total Capital SA 3.883% 2028 7,000,000 7,702,856
Towd Point Mortgage Trust, Series 2019-SJ1, Class A1, 3.75% 2058 2,715,491 2,753,315
Toyota Auto Loan Extended Note Trust, Series 2019-1 Class A 2.56% 2031 3,250,000 3,290,593
Toyota Motor Credit Corp. 3.05% 2028 2,430,000 2,507,933
TransCanada PipeLines Ltd. 4.25% 2028 2,190,000 2,366,549
TransCanada PipeLines Ltd. 4.75% 2038 6,000,000 6,581,712
TransCanada PipeLines Ltd. 4.875% 2048 1,450,000 1,620,465
Transocean Inc. 9.00% 2023 2,454,000 2,622,713
Travelers Companies, Inc. 4.00% 2047 1,588,000 1,756,798
Travelers Companies, Inc. 4.10% 2049 3,910,000 4,415,532
Trilogy International Partners, LLC 8.875% 2022 12,800,000 12,416,000
Triton Container Finance LLC, Series 2017-1A, Class A, 3.52% 2042 1,958,679 1,991,737
Triton Container Finance LLC, Series 2017-2A, Class A, 3.62% 2042 1,702,198 1,724,102
Tronox Ltd. 6.50% 2026 2,480,000 2,463,781
Twin River Worldwide Holdings, Inc. 6.75% 2027 240,000 250,800
U.S. Treasury 1.125% 2021 32,000,000 31,574,400
U.S. Treasury 1.25% 2020 78,000,000 77,597,520
U.S. Treasury 1.25% 2020 278,117,000 276,812,631
U.S. Treasury 1.375% 2020 46,500,000 46,274,010
U.S. Treasury 1.375% 2020 35,000,000 34,856,500
U.S. Treasury 1.375% 2021 49,410,000 49,063,142
U.S. Treasury 1.50% 2019 39,825,000 39,728,624
U.S. Treasury 1.50% 2020 500,000 497,775
U.S. Treasury 1.50% 2026 500,000 487,365
U.S. Treasury 1.625% 2020 125,000,000 124,600,000
U.S. Treasury 1.625% 2020 10,000,000 9,972,500
U.S. Treasury 1.625% 2023 18,000,000 17,931,060
U.S. Treasury 1.625% 2026 7,000,000 6,898,290
U.S. Treasury 1.625% 2026 1,500,000 1,476,330
U.S. Treasury 1.75% 2021 9,500,000 9,501,995
U.S. Treasury 1.75% 2022 8,962,000 8,972,844
U.S. Treasury 1.750% 2024 130,000,000 129,970,100
U.S. Treasury 1.875% 2022 100,000,000 100,358,000
U.S. Treasury 1.875% 2022 5,000,000 5,021,400
U.S. Treasury 1.875% 2022 8,000,000 8,038,560
U.S. Treasury 2.00% 2022 25,000,000 25,223,750
U.S. Treasury 2.00% 2024 8,015,000 8,110,218
U.S. Treasury 2.00% 2025 44,800,000 45,230,528
U.S. Treasury 2.00% 2026 8,000,000 8,061,600
U.S. Treasury 2.125% 2021 23,838,000 23,995,569
U.S. Treasury 2.125% 2022 37,000,000 37,501,350
U.S. Treasury 2.125% 2024 52,500,000 53,375,700
U.S. Treasury 2.125% 2024 5,000,000 5,084,000
U.S. Treasury 2.125% 2024 5,000,000 5,085,350
U.S. Treasury 2.125% 2024 5,400,000 5,522,958
U.S. Treasury 2.125% 2026 8,753,000 8,899,000
U.S. Treasury 2.25% 2021 138,000,000 139,145,400
U.S. Treasury 2.25% 2021 9,730,000 9,825,646
U.S. Treasury 2.25% 2023 5,000,000 5,108,600
U.S. Treasury 2.25% 2024 5,000,000 5,109,200
U.S. Treasury 2.25% 2026 7,072,000 7,246,608
U.S. Treasury 2.25% 2027 103,250,000 105,767,235
U.S. Treasury 2.375% 2023 5,000,000 5,111,900
U.S. Treasury 2.375% 2024 70,000,000 72,051,000
U.S. Treasury 2.375% 2027 880,000 909,242
U.S. Treasury 2.375% 2029 77,744,000 80,318,881
U.S. Treasury 2.50% 2020 15,000,000 15,079,050
U.S. Treasury 2.50% 2021 200,000,000 202,080,000
U.S. Treasury 2.50% 2022 715,000 728,928
U.S. Treasury 2.50% 2023 29,000,000 29,812,290
U.S. Treasury 2.50% 2024 700,000 724,227
U.S. Treasury 2.50% 2024 225,000,000 232,409,250
U.S. Treasury 2.50% 2025 3,500,000 3,630,025
U.S. Treasury 2.50% 2046 5,000,000 4,971,450
U.S. Treasury 2.625% 2025 4,966,000 5,185,597
U.S. Treasury 2.625% 2025 26,900,000 28,172,370
U.S. Treasury 2.75% 2021 19,232,000 19,657,989
U.S. Treasury 2.75% 2023 31,326,000 32,504,484
U.S. Treasury 2.75% 2023 76,600,000 79,648,680
U.S. Treasury 2.75% 2025 3,229,200 3,398,862
U.S. Treasury 2.875% 2028 5,217,100 5,600,400
U.S. Treasury 2.875% 2046 98,550,000 105,390,356
U.S. Treasury 3.00% 2047 70,000,000 76,715,100
U.S. Treasury 3.00% 2047 12,460,000 13,638,965
U.S. Treasury 3.00% 2048 451,200 493,771
U.S. Treasury 3.00% 2049 83,958,000 92,122,916
U.S. Treasury 4.75% 2041 15,000,000 20,987,700
U.S. Treasury Inflation-Protected Security 0.375% 2027 8,198,803 8,263,143
U.S. Treasury Inflation-Protected Security 0.5% 2024 35,463,400 35,923,335
U.S. Treasury Inflation-Protected Security 0.50% 2028 62,160,600 63,256,860
U.S. Treasury Inflation-Protected Security 0.625% 2024 223,632,972 227,687,777
U.S. Treasury Inflation-Protected Security 0.75% 2028 17,815,875 18,587,538
U.S. Treasury Inflation-Protected Security 0.875% 2029 29,192,871 30,770,923
U.S. Treasury Inflation-Protected Security 0.875% 2047 7,939,800 8,112,435
U.S. Treasury Inflation-Protected Security 1.00% 2046 5,392,550 5,666,275
U.S. Treasury Inflation-Protected Security 1.00% 2049 11,983,490 12,704,895
U.S. Treasury Inflation-Protected Security 1.375% 2044 140,652,145 160,014,087
UBS Group AG 4.125% 2025 2,750,000 2,935,589
UDR, Inc. 2.95% 2026 760,000 755,931
US Bancorp 2.375% 2026 4,000,000 3,968,944
US Bancorp 2.625% 2022 1,805,000 1,825,792
US Bancorp 3.40% 2023 5,675,000 5,927,782
US Bancorp 3.70% 2024 7,000,000 7,420,805
US Bank NA (3-month USD-LIBOR + 0.32%) 2.901% 2020 1,950,000 1,952,498
US Bank NA 3.00% 2021 3,000,000 3,036,660
US Treasury Note 5.00% 2026 58,000,000 58,004,531
Ultra Petroleum Corp. 11.00% 2024 4,670,000 1,821,300
UniCredit SpA 3.75% 2022 7,175,000 7,260,017
UniCredit SpA 4.625% 2027 625,000 633,253
UniCredit SpA 5.861% 2032 2,400,000 2,300,621
UniCredit SpA 6.572% 2022 475,000 504,991
Uniform Mortgage-Backed Security 3.50% 2049 1,761,258 1,800,198
Uniform Mortgage-Backed Security 3.50% 2049 42,700,000 43,632,483
Uniform Mortgage-Backed Security 4.00% 2034 17,452,000 18,119,399
Uniform Mortgage-Backed Security 4.00% 2049 35,500,000 36,685,645
Uniform Mortgage-Backed Security 4.00% 2049 39,816,564 41,145,601
Uniform Mortgage-Backed Security 4.50% 2049 46,000,682 48,071,633
Union Pacific Corp. 3.15% 2024 3,499,000 3,608,540
Union Pacific Corp. 3.70% 2029 8,500,000 9,131,525
Union Pacific Corp. 3.75% 2025 5,030,000 5,377,840
Union Pacific Corp. 3.95% 2028 3,063,000 3,355,725
Union Pacific Corp. 4.30% 2049 3,690,000 4,088,269
Unisys Corp. 10.75% 2022 3,125,000 3,464,844
United Parcel Service, Inc. 4.25% 2049 850,000 932,212
United Technologies Corp. 3.65% 2023 1,544,000 1,617,457
United Technologies Corp. 3.95% 2025 5,155,000 5,561,090
United Technologies Corp. 4.125% 2028 1,960,000 2,154,011
UnitedHealth Group Inc. 3.375% 2027 500,000 522,333
UnitedHealth Group Inc. 3.50% 2024 4,500,000 4,718,367
UnitedHealth Group Inc. 3.875% 2028 2,500,000 2,722,708
UnitedHealth Group Inc. 4.45% 2048 4,715,000 5,405,502
Univision Communications Inc. 5.125% 2023 4,175,000 4,101,938
Valeant Pharmaceuticals International, Inc. 6.125% 2025 22,525,000 23,031,813
Valeant Pharmaceuticals International, Inc. 9.00% 2025 800,000 896,840
Valeant Pharmaceuticals International, Inc. 9.25% 2026 1,810,000 2,029,553
Venator Materials Corp. 5.75% 2025 4,970,000 4,578,613
Veritas Holdings Ltd. 7.50% 2023 1,475,000 1,386,500
Verizon Communications Inc. 4.016% 2029 4,890,000 5,300,912
Verizon Communications Inc. 4.40% 2034 487,000 540,320
Verizon Communications Inc. 4.50% 2033 2,740,000 3,087,303
Verizon Communications Inc. 4.862% 2046 910,000 1,060,607
Verizon Owner Trust, Series 2016-2A, Class A, 1.68% 2021 2,213,548 2,209,537
Verizon Owner Trust, Series 2017-1A, Class A, 2.06% 2021 5,808,444 5,800,864
Verizon Owner Trust, Series 2017-2A, Class A, 1.92% 2021 7,900,000 7,884,935
Vinci SA 3.75% 2029 2,237,000 2,404,549
Vine Oil & Gas LP 8.75% 2023 2,500,000 1,637,500
Virgin Australia Holdings Ltd. 8.50% 2019 2,500,000 2,539,375
Virginia Electric and Power Co. 2.95% 2026 2,000,000 2,034,012
Virginia Electric and Power Co. 3.80% 2028 2,000,000 2,144,766
Virginia Electric and Power Co. 4.60% 2048 2,650,000 3,052,742
Visa Inc. 2.80% 2022 2,000,000 2,048,490
Visa Inc. 3.15% 2025 5,500,000 5,770,980
Vodafone Group PLC 3.75% 2024 3,888,000 4,072,917
Vodafone Group PLC 4.125% 2025 2,500,000 2,664,970
Vodafone Group PLC 4.375% 2028 700,000 756,634
Vodafone Group PLC 4.875% 2049 8,000,000 8,422,408
Vodafone Group PLC 5.00% 2038 750,000 816,455
Vodafone Group PLC 5.25% 2048 2,315,000 2,563,400
Volkswagen Group of America Finance, LLC 4.00% 2021 4,988,000 5,148,524
Volkswagen Group of America Finance, LLC 4.25% 2023 8,955,000 9,429,194
Volkswagen Group of America Finance, LLC 4.625% 2025 7,085,000 7,699,652
WEA Finance LLC 3.25% 2020 5,055,000 5,103,447
WM. Wrigley Jr. Co. 3.375% 2020 250,000 253,424
Wal-Mart Stores, Inc. 2.35% 2022 1,000,000 1,011,056
Wal-Mart Stores, Inc. 2.85% 2024 14,835,000 15,314,734
Wal-Mart Stores, Inc. 3.05% 2026 4,080,000 4,266,738
Wal-Mart Stores, Inc. 3.25% 2029 4,000,000 4,220,984
Wal-Mart Stores, Inc. 3.40% 2023 6,580,000 6,913,915
Wal-Mart Stores, Inc. 3.70% 2028 936,000 1,022,499
Warrior Met Coal, Inc. 8.00% 2024 2,624,000 2,737,160
Weatherford International PLC 4.50% 2022 6,365,000 3,262,063
Weatherford International PLC 6.50% 2036 7,595,000 3,949,400
Weatherford International PLC 6.75% 2040 7,825,000 4,029,875
Weatherford International PLC 8.25% 2023 5,800,000 3,059,500
Weatherford International PLC 9.875% 2024 1,000,000 527,500
Weatherford International PLC 9.875% 2025 2,550,000 1,338,750
Wells Fargo & Co. (3-month USD-LIBOR + 0.65%) 3.124% 2019 8,804,000 8,828,537
Wells Fargo & Co. 2.15% 2020 4,025,000 4,021,466
Wells Fargo & Co. 2.50% 2021 1,625,000 1,628,703
Wells Fargo & Co. 2.625% 2022 1,000,000 1,007,986
Wells Fargo & Co. 3.069% 2023 1,875,000 1,904,430
Wells Fargo & Co. 3.55% 2023 2,700,000 2,818,433
Wells Fargo & Co. 3.584% 2028 (3-month USD-LIBOR + 1.31% on 5/15/2027) 217,000 226,846
Wells Fargo & Co. 3.75% 2024 1,500,000 1,577,462
Wells Fargo & Co. 4.15% 2029 3,625,000 3,950,579
Welltower Inc. 3.95% 2023 1,325,000 1,394,210
Westfield Corp. Ltd. 3.15% 2022 4,290,000 4,361,296
Westfield Corp. Ltd. 3.50% 2029 2,130,000 2,152,088
Westlake Automobile Receivables Trust, Series 2019-2A, Class A2 3.06% 2025 3,330,000 3,332,664
Westlake Automobile Receivables Trust, Series 2019-2A, Class B, 2.62% 2024 870,000 872,071
Westlake Automobile Receivables Trust, Series 2019-2A, Class C, 2.84% 2024 1,390,000 1,394,962
Westlake Chemical Corp. 4.375% 2047 500,000 471,462
Westpac Banking Corp. 2.15% 2020 5,000,000 4,997,075
Westpac Banking Corp. 2.75% 2023 1,750,000 1,773,436
Williams Partners LP 3.60% 2022 750,000 770,207
Williams Partners LP 4.30% 2024 85,000 90,302
Wind Tre SpA 5.00% 2026 6,250,000 6,080,313
World Financial Network Credit Card Master Note Trust, Series 2018-A, Class A, 3.07% 2024 7,000,000 7,096,145
World Financial Network Credit Card Master Note Trust, Series 2018-B, Class A, 3.46% 2025 8,275,000 8,509,621
World Financial Network Credit Card Master Note Trust, Series 2019-A, Class A, 3.14% 2025 5,375,000 5,516,137
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 2023 4,918,000 4,924,148
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.50% 2025 2,645,000 2,738,369
Ziggo Bond Finance BV 5.50% 2027 8,025,000 8,203,235
Zimmer Holdings, Inc. 3.15% 2022 7,070,000 7,192,014
Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
ASML Holding NV 70,000 14,625,153 0.06
ASML Holding NV (New York registered) 1,865,000 387,789,450 1.52
AURELIUS Equity Opportunities SE & Co. KGaA, non-registered shares 493,991 23,457,309 0.09
Abbott Laboratories 890,565 74,896,517 0.29
Activision Blizzard, Inc. 519,500 24,520,400 0.10
Advanz Pharma Corp. 175,310 2,895,613 0.01
Advanz Pharma Corp. 41,857 691,356 0.00
Airbus SE, non-registered shares 686,130 97,275,139 0.38
Alcoa Corp. 2,500,000 58,525,000 0.23
Allakos Inc. 219,200 9,497,936 0.04
Alphabet Inc., Class A 111,200 120,407,360 0.47
Alphabet Inc., Class C 108,600 117,386,826 0.46
Altria Group, Inc. 2,500,000 118,375,000 0.46
Amazon.com, Inc. 103,000 195,043,890 0.77
American Tower Corp. REIT 296,000 60,517,200 0.24
Aon PLC, Class A 205,000 39,560,900 0.16
Apollo Global Management, LLC, Class A 2,083,000 71,446,900 0.28
Arch Capital Group Ltd. 7,331,500 271,852,020 1.07
Ares Management Corp., Class A 1,015,403 26,573,097 0.10
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. 6,000,000 174,000,000 0.68
Berkshire Hathaway Inc., Class A 61 19,419,350 0.08
BlackRock, Inc. 229,000 107,469,700 0.42
Bluebird Bio, Inc. 1,558,700 198,266,640 0.78
Boeing Co. 1,211,000 440,816,110 1.73
British American Tobacco PLC 875,000 30,547,060 0.12
Broadcom Inc. 2,095,000 603,066,700 2.37
CME Group Inc., Class A 977,200 189,684,292 0.74
CMS Energy Corp. 2,284,700 132,306,977 0.52
CSX Corp. 1,490,000 115,281,300 0.45
Capital One Financial Corp. 1,950,000 176,943,000 0.69
Cenovus Energy Inc. 28,000,000 246,955,061 0.97
Charter Communications, Inc., Class A 827,126 326,863,653 1.28
Chevron Corp. 600,000 74,664,000 0.29
Chubb Ltd. 2,200,000 324,038,000 1.27
Cigna Corp. 1,250,000 196,937,500 0.77
Citigroup Inc. 2,500,000 175,075,000 0.69
Comcast Corp., Class A 550,000 23,254,000 0.09
ConocoPhillips 335,000 20,435,000 0.08
Cornerstone Building Brands Inc. 2,283 13,310 0.00
Corporate Risk Holdings I, Inc. 168,812 19,802 0.00
Corteva, Inc. 916,666 27,105,814 0.11
Cortexyme, Inc. 815,700 34,675,407 0.14
Crown Castle International Corp. REIT 755,000 98,414,250 0.39
Crown Castle International Corp. REIT, Series A, 6.875% convertible preferred 2020 31,500 37,858,275 0.15
DTE Energy Co. 226,000 28,900,880 0.11
Daiichi Sankyo Co., Ltd. 1,031,300 53,901,363 0.21
Danaher Corp., Series A, 4.75% cumulative convertible preferred 2022 22,709 25,085,497 0.10
Diamondback Energy, Inc. 175,000 19,069,750 0.07
Digital Realty Trust, Inc. REIT 525,000 61,839,750 0.24
Dillard's, Inc., Class A (USA) 1,700,000 105,876,000 0.42
Dow Inc. 4,616,666 227,647,800 0.89
DuPont de Nemours Inc. 916,666 68,814,117 0.27
Eli Lilly and Co. 474,700 52,592,013 0.21
Exxon Mobil Corp. 640,000 49,043,200 0.19
Facebook, Inc., Class A 1,077,100 207,880,300 0.82
First Hawaiian, Inc. 400,000 10,348,000 0.04
First Quantum Minerals Ltd. 2,775,000 26,360,964 0.10
First Republic Bank 2,580,000 251,937,000 0.99
Franco-Nevada Corp. 292,832 24,854,551 0.10
General Motors Co. 4,100,000 157,973,000 0.62
Gilead Sciences, Inc. 1,500,000 101,340,000 0.40
HDFC Bank Ltd. 297,000 10,514,559 0.04
Home Depot, Inc. 1,125,000 233,966,250 0.92
Honeywell International Inc. 152,000 26,537,680 0.10
Humana Inc. 1,265,000 335,604,500 1.32
Intel Corp. 5,820,000 278,603,400 1.09
Intercontinental Exchange, Inc. 800,000 68,752,000 0.27
Intuit Inc. 900,000 235,197,000 0.92
JPMorgan Chase & Co. 1,600,000 178,880,000 0.70
Johnson & Johnson 3,672,000 511,436,160 2.01
Kindred Group PLC (SDR) 4,602,522 39,036,052 0.15
Kontoor Brands, Inc. 3,084,392 86,424,664 0.34
LVMH Moët Hennessy-Louis Vuitton SE 116,896 49,752,870 0.20
Lockheed Martin Corp. 847,200 307,991,088 1.21
LyondellBasell Industries NV 1,200,000 103,356,000 0.41
MKS Instruments, Inc. 2,800,000 218,092,000 0.86
Marriott International, Inc., Class A 376,000 52,749,040 0.21
Mastercard Inc., Class A 451,000 119,303,030 0.47
Merck & Co., Inc. 2,420,300 202,942,155 0.80
Microsoft Corp. 6,641,900 889,748,924 3.49
MongoDB, Inc., Class A 446,940 67,975,105 0.27
NIKE, Inc., Class B 357,000 29,970,150 0.12
Nasdaq, Inc. 638,000 61,356,460 0.24
Nestlé SA 3,006,689 311,264,075 1.22
Nestlé SA (ADR) 900,000 93,060,000 0.37
Netflix, Inc. 148,600 54,583,752 0.21
Newmont Goldcorp Corp. 620,000 23,851,400 0.09
Noble Energy, Inc. 12,500,000 280,000,000 1.10
Northrop Grumman Corp. 1,349,400 436,004,634 1.71
PNC Financial Services Group, Inc. 500,000 68,640,000 0.27
Pfizer Inc. 1,815,000 78,625,800 0.31
Philip Morris International Inc. 5,430,000 426,417,900 1.67
RenaissanceRe Holdings Ltd. 357,000 63,549,570 0.25
RingCentral, Inc., Class A 652,300 74,962,316 0.29
Rotech Healthcare Inc. 184,138 1,104,828 0.00
Royal Dutch Shell PLC, Class B (ADR) 2,745,000 180,456,300 0.71
Royal Gold, Inc. 695,000 71,230,550 0.28
Sabre Corp. 1,794,500 39,837,900 0.16
ServiceNow, Inc. 201,700 55,380,769 0.22
Suncor Energy Inc. 4,000,000 124,775,686 0.49
Suzuki Motor Corp. 3,700,000 173,786,579 0.68
TISCO Financial Group PCL, foreign registered 12,675,900 38,646,667 0.15
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) 6,276,700 245,858,339 0.97
The Blackstone Group Inc., Class A 600,000 26,652,000 0.10
Thermo Fisher Scientific Inc. 296,000 86,929,280 0.34
Tradeweb Markets Inc., Class A 156,400 6,851,884 0.03
TransDigm Group Inc. 45,000 21,771,000 0.09
Tribune Resources, Inc. 926,514 2,432,099 0.01
Tribune Resources, Inc., Class A, warrants, expire 2023 311,755 51,876 0.00
Tribune Resources, Inc., Class B, warrants, expire 2023 242,476 28,806 0.00
Tribune Resources, Inc., Class C, warrants, expire 2023 227,540 20,297 0.00
UnitedHealth Group Inc. 2,016,300 491,997,363 1.93
VF Corp. 1,500,000 131,025,000 0.51
VeriSign, Inc. 1,700,000 355,572,000 1.40
Verizon Communications Inc. 1,220,000 69,698,600 0.27
Vertex Pharmaceuticals Inc. 260,000 47,678,800 0.19
Visa Inc., Class A 1,032,000 179,103,600 0.70
Waste Management, Inc. 214,000 24,689,180 0.10
WellCare Health Plans, Inc. 166,500 47,464,155 0.19
Wells Fargo & Co. 3,500,000 165,620,000 0.65
WestRock Co. 1,362,700 49,697,669 0.20

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.