Portfolio Holdings - American Funds Insurance Series - Asset Allocation Fund | Capital Group

Portfolio Holdings

American Funds Insurance Series - Asset Allocation Fund

As of June 30, 2018 (updated quarterly, upon availability)

Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
ASML Holding NV (New York registered) 2,202,100 435,949,737 1.68
AT&T Inc. 2,000,000 64,220,000 0.25
AbbVie Inc. 2,329,000 215,781,850 0.83
Aetna Inc. 1,400,000 256,900,000 0.99
Alphabet Inc., Class A 83,000 93,722,770 0.36
Alphabet Inc., Class C 108,985 121,589,115 0.47
Altria Group, Inc. 1,400,000 79,506,000 0.31
Amazon.com, Inc. 105,000 178,479,000 0.69
American Tower Corp. REIT 550,000 79,293,500 0.31
Amphenol Corp., Class A 950,000 82,792,500 0.32
Arch Capital Group Ltd. 8,496,000 224,804,160 0.87
Associated British Foods PLC 4,000,000 144,539,019 0.56
Associated Materials, LLC, 14.00% convertible preferred 2020 5,000 6,074,394 0.02
Associated Materials, LLC, warrants, expire 2023 71,030 0 0.00
AstraZeneca PLC (ADR) 2,001,300 70,265,643 0.27
BNP Paribas SA 1,500,000 93,172,923 0.36
Bank of America Corp. 6,000,000 169,140,000 0.65
Berkshire Hathaway Inc., Class A 84 23,691,361 0.09
Blackstone Group LP 1,510,000 48,576,700 0.19
Boeing Co. 939,000 315,043,890 1.22
Bristol-Myers Squibb Co. 978,000 54,122,520 0.21
British American Tobacco PLC 1,575,000 79,610,619 0.31
Broadcom Inc. 1,458,000 353,769,120 1.36
CBS Corp., Class B 1,000,000 56,220,000 0.22
CEVA Logistics AG 157,127 3,371,971 0.01
Cabot Oil & Gas Corp. 3,000,000 71,400,000 0.28
Capital One Financial Corp. 1,000,000 91,900,000 0.35
Cenovus Energy Inc. 22,000,000 228,425,817 0.88
Charter Communications, Inc., Class A 177,126 51,935,114 0.20
Chevron Corp. 1,100,250 139,104,608 0.54
Chubb Ltd. 2,450,000 311,199,000 1.20
Citigroup Inc. 2,500,000 167,300,000 0.65
Colgate-Palmolive Co. 1,000,000 64,810,000 0.25
Comcast Corp., Class A 7,550,000 247,715,500 0.96
Concho Resources Inc. 500,000 69,175,000 0.27
ConocoPhillips 335,000 23,322,700 0.09
Corporate Risk Holdings Corp. 854 0 0.00
Corporate Risk Holdings I, Inc. 168,812 5,170,712 0.02
Crown Castle International Corp. REIT 705,000 76,013,100 0.29
Cumulus Media Inc., Class A 8,723 146,110 0.00
Cumulus Media Inc., Class B 10,599 177,533 0.00
DowDuPont Inc. 5,904,000 389,191,680 1.50
Enbridge Inc. 1,950,000 69,595,500 0.27
Enbridge Inc. 48,515 1,734,458 0.01
Express Scripts Holding Co. 3,100,000 239,351,000 0.92
Extraction Oil & Gas, Inc. 3,000,000 44,070,000 0.17
Facebook, Inc., Class A 986,000 191,599,520 0.74
First Quantum Minerals Ltd. 6,776,222 99,840,581 0.39
First Republic Bank 2,580,000 249,718,200 0.96
Franco-Nevada Corp. 292,832 21,372,404 0.08
General Motors Co. 4,000,000 157,600,000 0.61
Gilead Sciences, Inc. 1,500,000 106,260,000 0.41
Goldman Sachs Group, Inc. 275,000 60,656,750 0.23
HDFC Bank Ltd. 297,000 9,140,415 0.04
Halliburton Co. 1,500,000 67,590,000 0.26
Home Depot, Inc. 1,400,000 273,140,000 1.05
Humana Inc. 965,000 287,212,950 1.11
IDEX Corp. 406,100 55,424,528 0.21
Intel Corp. 6,945,000 345,235,950 1.33
Intuit Inc. 1,100,000 224,735,500 0.87
JPMorgan Chase & Co. 2,100,000 218,820,000 0.84
Johnson & Johnson 2,900,000 351,886,000 1.36
Lockheed Martin Corp. 1,162,000 343,289,660 1.32
LyondellBasell Industries NV 1,700,000 186,745,000 0.72
Mastercard Inc., Class A 57,000 11,201,640 0.04
Merck & Co., Inc. 2,170,300 131,737,210 0.51
Microsoft Corp. 7,220,000 711,964,200 2.75
Molina Healthcare, Inc. 1,500,000 146,910,000 0.57
Mondelez International, Inc. 1,025,000 42,025,000 0.16
NIKE, Inc., Class B 1,980,000 157,766,400 0.61
Nestlé SA 3,508,230 272,425,414 1.05
Nestlé SA (ADR) 900,000 69,687,000 0.27
Netflix, Inc. 165,700 64,859,951 0.25
Newell Brands Inc. 7,100,000 183,109,000 0.71
Newmont Mining Corp. 470,000 17,723,700 0.07
Noble Energy, Inc. 10,500,000 370,440,000 1.43
Nucor Corp. 1,750,000 109,375,000 0.42
Oaktree Capital Group, LLC 2,610,000 106,096,500 0.41
PNC Financial Services Group, Inc. 708,000 95,650,800 0.37
Philip Morris International Inc. 3,660,000 295,508,400 1.14
Ply Gem Parent, LLC, Class B 248 24,814 0.00
Public Storage REIT 300,000 68,058,000 0.26
QUALCOMM Inc. 3,000,000 168,360,000 0.65
Regeneron Pharmaceuticals, Inc. 120,467 41,559,910 0.16
RenaissanceRe Holdings Ltd. 357,000 42,954,240 0.17
RingCentral, Inc., Class A 1,170,000 82,309,500 0.32
Rotech Healthcare Inc. 184,138 368,276 0.00
Royal Dutch Shell PLC, Class A (ADR) 10,061 696,523 0.00
Royal Dutch Shell PLC, Class B (ADR) 2,465,000 179,082,250 0.69
Royal Gold, Inc. 695,000 64,523,800 0.25
Schlumberger Ltd. 660,000 44,239,800 0.17
Simon Property Group, Inc. REIT 584,000 99,390,960 0.38
Starbucks Corp. 781,700 38,186,045 0.15
SunTrust Banks, Inc. 510,000 33,670,200 0.13
Suncor Energy Inc. 4,000,000 162,780,968 0.63
Symantec Corp. 2,033,300 41,987,645 0.16
Taiwan Semiconductor Manufacturing Co., Ltd. 8,600,000 61,068,928 0.24
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) 14,251,000 521,016,560 2.01
TransDigm Group Inc. 75,000 25,885,500 0.10
UnitedHealth Group Inc. 2,390,000 586,362,600 2.26
VF Corp. 2,000,000 163,040,000 0.63
VeriSign, Inc. 3,140,000 431,498,800 1.66
Verizon Communications Inc. 400,000 20,124,000 0.08
Visa Inc., Class A 1,059,000 140,264,550 0.54
Waste Management, Inc. 214,000 17,406,760 0.07
Weatherford International PLC 56,000,000 184,240,000 0.71
Wells Fargo & Co. 5,906,400 327,450,816 1.26
Western Digital Corp. 2,400,000 185,784,000 0.72
Fixed-Income Securities* Shares or Principal Amount Market Value
3M COMPANY 4(2) CP 7/9/2018 36,600,000 36,580,565
3M Co. 2.25% 2026 1,000,000 907,329
ACE INA Holdings Inc. 2.30% 2020 1,345,000 1,315,243
ACE INA Holdings Inc. 2.875% 2022 3,880,000 3,813,361
ACE INA Holdings Inc. 3.35% 2026 880,000 854,314
ACE INA Holdings Inc. 4.35% 2045 800,000 820,036
ADT Corp. 3.50% 2022 3,325,000 3,128,825
AEP Transmission Company LLC 3.75% 2047 2,390,000 2,224,246
AES Corp. 5.50% 2025 6,073,000 6,148,913
AES Corp. 6.00% 2026 2,990,000 3,109,600
APPLE INC 4(2) CP 8/3/2018 23,500,000 23,454,880
APPLE INC 4(2) CP 8/7/2018 50,000,000 49,892,600
APPLE INC 4(2) CP 9/4/2018 25,000,000 24,904,900
AT&T Inc. 4.10% 2028 4,464,000 4,272,347
AT&T Inc. 4.30% 2042 654,000 557,366
AT&T Inc. 4.35% 2045 596,000 506,955
AbbVie Inc. 3.20% 2022 3,825,000 3,764,546
AbbVie Inc. 3.60% 2025 110,000 106,664
AbbVie Inc. 4.30% 2036 650,000 623,554
AbbVie Inc. 4.45% 2046 6,850,000 6,570,623
Abbott Laboratories 2.90% 2021 1,130,000 1,113,335
Abbott Laboratories 3.40% 2023 270,000 266,614
Abbott Laboratories 3.75% 2026 3,695,000 3,637,077
Abbott Laboratories 4.75% 2036 460,000 486,421
Abbott Laboratories 4.90% 2046 500,000 537,057
Alexandria Real Estate Equities, Inc. 3.95% 2028 1,220,000 1,173,791
Allergan PLC 3.00% 2020 1,050,000 1,045,173
Allergan PLC 3.45% 2022 7,645,000 7,527,061
Allergan PLC 3.80% 2025 1,253,000 1,218,140
Allergan PLC 4.55% 2035 1,250,000 1,188,658
Allergan PLC 4.75% 2045 6,000,000 5,792,742
Allison Transmission Holdings, Inc. 5.00% 2024 3,205,000 3,160,931
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 9.557% 2025 3,600,000 3,479,249
Alphabet Inc. 1.998% 2026 3,000,000 2,682,498
Altria Group, Inc. 4.50% 2043 3,000,000 2,881,458
Amazon.com, Inc. 2.40% 2023 3,000,000 2,892,231
Amazon.com, Inc. 2.80% 2024 5,875,000 5,609,021
Ameren Corp. 3.70% 2047 3,040,000 2,846,595
AmeriCredit Automobile Receivables Trust, Series 2015-3, Class C, 2.73% 2021 3,455,000 3,455,739
AmeriCredit Automobile Receivables Trust, Series 2016-3, Class A3, 1.46% 2021 1,210,321 1,203,554
AmeriCredit Automobile Receivables Trust, Series 2016-3, Class B, 1.80% 2021 500,000 492,864
AmeriCredit Automobile Receivables Trust, Series 2016-4, Class A2A, 1.34% 2020 46,650 46,619
American Axle & Manufacturing Holdings, Inc. 6.50% 2027 3,275,000 3,238,156
American Campus Communities, Inc. 3.35% 2020 1,765,000 1,761,152
American Campus Communities, Inc. 3.625% 2027 5,745,000 5,389,919
American Campus Communities, Inc. 3.75% 2023 3,055,000 3,040,971
American Campus Communities, Inc. 4.125% 2024 6,075,000 6,049,935
American Electric Power Co., Inc. 2.95% 2022 4,020,000 3,916,031
American Electric Power Co., Inc. 3.20% 2027 1,275,000 1,193,502
American Energy (Permian Basin) (3-month USD-LIBOR + 6.50%) 8.854% 2019 825,000 711,563
American Energy (Permian Basin), 7.125% 2020 7,345,000 4,664,075
American Energy (Permian Basin), 7.375% 2021 5,725,000 3,520,875
American Express Co. 2.20% 2020 6,000,000 5,862,924
American Honda Finance Corp. 2.65% 2021 3,750,000 3,720,930
American Honda Finance Corp. 3.50% 2028 3,750,000 3,677,179
American International Group, Inc. 4.20% 2028 7,000,000 6,849,577
American International Group, Inc. 4.75% 2048 2,250,000 2,175,419
American Tower Corp. 3.55% 2027 1,425,000 1,327,348
American Tower Corp. 3.60% 2028 2,000,000 1,856,064
Anadarko Petroleum Corp. 4.85% 2021 3,455,000 3,557,496
Anadarko Petroleum Corp. 5.55% 2026 2,250,000 2,414,313
Angel Oak Capital Advisors, LLC, Series 2013-9A, Class A1R, CLO, (3-month USD-LIBOR + 1.01%) 3.369% 2025 3,017,038 3,020,237
Anheuser-Busch InBev NV 2.65% 2021 1,000,000 986,615
Anheuser-Busch InBev NV 3.30% 2023 5,940,000 5,894,630
Anheuser-Busch InBev NV 3.50% 2024 890,000 886,492
Anheuser-Busch InBev NV 3.65% 2026 4,985,000 4,886,546
Anheuser-Busch InBev NV 4.00% 2028 5,815,000 5,810,807
Anheuser-Busch InBev NV 4.60% 2048 2,000,000 1,968,888
Anheuser-Busch InBev NV 4.90% 2046 550,000 567,623
Apple Inc. 2.50% 2022 2,355,000 2,310,215
Apple Inc. 2.75% 2025 6,000,000 5,746,572
Apple Inc. 2.90% 2027 9,000,000 8,471,223
Apple Inc. 3.00% 2024 1,250,000 1,224,746
Apple Inc. 3.35% 2027 90,000 87,950
Applied Systems, Inc., Term Loan, (3-month USD-LIBOR + 7.00%) 9.334% 2025 600,000 620,750
Arroyo Mortgage Trust, Series 2018-1, Class A1, 3.763% 2048 3,404,177 3,445,811
Ascent Resources Marcellus Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 6.50%) 8.501% 2023 1,223,333 1,228,431
Associated Materials, LLC 9.00% 2024 8,905,000 9,372,513
AstraZeneca PLC 3.375% 2025 7,890,000 7,595,301
Avis Budget Group, Inc. 5.50% 2023 3,755,000 3,675,206
Avon Products, Inc. 7.875% 2022 2,915,000 2,903,923
B&G Foods, Inc. 4.625% 2021 440,000 434,500
B&G Foods, Inc. 5.25% 2025 1,660,000 1,568,700
BB&T Corp. 2.45% 2020 6,000,000 5,942,526
BB&T Corp. 2.625% 2022 2,500,000 2,438,018
BB&T Corp. 2.75% 2022 3,050,000 2,979,963
BB&T Corp. 3.70% 2025 6,500,000 6,471,459
BJ's Wholesale Club, Term Loan, (3-month USD-LIBOR + 7.50%) 9.53% 2025 1,893,885 1,916,611
BNP Paribas 3.375% 2025 3,225,000 3,050,440
Ball Corp. 4.375% 2020 2,450,000 2,477,563
Bank of America Corp. 2.625% 2020 4,037,000 3,987,882
Bank of America Corp. 3.248% 2027 1,500,000 1,399,056
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027) 8,949,000 8,433,734
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR +0.780 on 03/05/2023) 7,250,000 7,178,015
Bank of America Corp. 3.593% 2028 (3-month USD-LIBOR +1.370 on 07/21/2027) 3,000,000 2,866,386
Bank of America Corp. 3.824% 2028 (3-month USD-LIBOR + 1.575% on 01/20/2027) 1,250,000 1,220,185
Bank of America Corp. 3.97% 2029 (3-month USD-LIBOR +1.070 on 03/05/2028) 1,997,000 1,967,071
Bank of America Corp. 4.244% 2038 (3-month USD-LIBOR + 1.814% on 04/24/2037) 1,000,000 972,118
Bayer AG 2.375% 2019 2,750,000 2,727,340
Bayer US Finance II LLC 3.875% 2023 3,907,000 3,910,462
Bayer US Finance II LLC 4.25% 2025 8,729,000 8,792,861
Bayer US Finance II LLC 4.375% 2028 905,000 908,230
Bayer US Finance II LLC 4.625% 2038 1,525,000 1,516,834
Bayerische Motoren Werke AG 2.25% 2023 600,000 559,414
Bayerische Motoren Werke AG 3.45% 2023 8,685,000 8,596,613
Becton, Dickinson and Co. 2.133% 2019 2,250,000 2,236,892
Becton, Dickinson and Co. 2.404% 2020 2,250,000 2,210,562
Becton, Dickinson and Co. 2.894% 2022 1,170,000 1,132,381
Becton, Dickinson and Co. 3.363% 2024 860,000 826,861
Berkshire Hathaway Energy Co. 2.40% 2020 1,245,000 1,235,294
Berkshire Hathaway Finance Corp. 1.30% 2019 1,070,000 1,054,048
Berkshire Hathaway Inc. 2.20% 2021 1,000,000 984,288
Berkshire Hathaway Inc. 2.75% 2023 2,615,000 2,560,883
Berkshire Hathaway Inc. 3.125% 2026 1,000,000 964,153
Blackstone CQP Holdco LP, 6.00% 2021 5,700,000 5,714,250
Blackstone CQP Holdco LP, 6.50% 2021 21,325,000 21,431,625
BlueMountain CLO Ltd., Series 2013-4A, Class AR, (3-month USD-LIBOR + 1.01%) 3.358% 2025 2,614,401 2,617,591
Bohai Financial Investment Holding Co., Ltd. 5.50% 2024 2,250,000 2,227,028
Boston Scientific Corp. 3.85% 2025 5,500,000 5,449,862
Brandywine Operating Partnership, LP 3.95% 2023 1,070,000 1,065,719
British American Tobacco International Finance PLC 3.95% 2025 5,500,000 5,381,079
British American Tobacco PLC 3.222% 2024 5,000,000 4,740,655
British American Tobacco PLC 4.39% 2037 5,500,000 5,172,690
British American Tobacco PLC 4.54% 2047 3,250,000 3,044,145
British Telecommunications PLC 9.125% 2030 (9.625% on 12/15/2030) 4,225,000 6,048,535
Broadcom Ltd. 2.375% 2020 1,500,000 1,481,024
Broadcom Ltd. 3.00% 2022 1,500,000 1,459,829
Broadcom Ltd. 3.875% 2027 4,215,000 3,992,461
CAFCO LLC 4(2) CP 9/17/2018 30,000,000 29,852,340
CCO Holdings LLC and CCO Holdings Capital Corp. 4.20% 2028 4,920,000 4,613,194
CCO Holdings LLC and CCO Holdings Capital Corp. 4.464% 2022 3,000,000 3,036,111
CCO Holdings LLC and CCO Holdings Capital Corp. 4.908% 2025 1,000,000 1,011,043
CCO Holdings LLC and CCO Holdings Capital Corp. 5.00% 2028 4,250,000 3,910,000
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2023 1,700,000 1,682,490
CCO Holdings LLC and CCO Holdings Capital Corp. 5.375% 2047 2,615,000 2,381,224
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2026 5,850,000 5,762,250
CCO Holdings LLC and CCO Holdings Capital Corp. 6.484% 2045 585,000 618,202
CF Industries, Inc. 4.95% 2043 4,130,000 3,492,452
CHARTA LLC 4(2) CP 7/6/2018 25,000,000 24,990,400
CHEVRON CORP 4(2) CP 8/20/2018 50,000,000 49,854,200
CHEVRON USCP 4(2) CP 7/13/2018 50,000,000 49,962,450
CIESCO LLC 4(2) CP 10/3/2018 50,000,000 49,689,750
CIFC Funding Ltd., Series 2014-3A, Class AR, (3-month USD-LIBOR + 0.95%) 3.312% 2026 2,380,000 2,382,451
CIT Group Inc. 3.875% 2019 7,242,500 7,271,470
CME Group Inc. 3.75% 2028 6,000,000 6,044,328
CME Group Inc. 4.15% 2048 1,500,000 1,519,773
COCA-COLA CO 4(2) CP 8/3/2018 50,000,000 49,903,000
CONSOL Energy Inc. 5.875% 2022 19,450,000 19,599,571
CPPIB Capital Inc. 1.25% 2019 3,900,000 3,835,260
CPPIB Capital Inc. 2.25% 2022 4,286,000 4,180,393
CPPIB Capital Inc. 2.375% 2021 6,000,000 5,913,060
CPPIB Capital Inc. 2.75% 2027 6,600,000 6,358,440
CPS Auto Receivables Trust, Series 2017-B, Class A, 1.75% 2020 787,318 785,363
CS First Boston Mortgage Securities Corp., Series 2004-5, Class IVA1, 6.00% 2034 380,425 388,264
CSAIL Commercial Mortgage Trust, Series 2015-C4, Class ASB, 3.6167% 2048 1,400,000 1,408,453
CSX Corp. 3.80% 2028 6,985,000 6,816,033
CSX Corp. 4.30% 2048 2,250,000 2,151,027
CVR Partners, LP 9.25% 2023 2,100,000 2,170,875
CVS Health Corp. 3.35% 2021 740,000 739,605
CVS Health Corp. 3.70% 2023 1,005,000 995,828
CVS Health Corp. 4.10% 2025 1,119,000 1,114,490
CVS Health Corp. 4.30% 2028 4,930,000 4,870,643
CVS Health Corp. 4.78% 2038 3,048,000 3,022,360
Cablevision Systems Corp. 6.75% 2021 8,525,000 8,951,250
Calpine Corp. 5.25% 2026 5,970,000 5,649,113
Canadian National Railway Co. 3.20% 2046 2,635,000 2,268,089
Canadian National Railway Co. 3.65% 2048 5,015,000 4,684,381
Canadian Natural Resources Ltd. 2.95% 2023 4,975,000 4,803,382
Canadian Natural Resources Ltd. 3.85% 2027 1,000,000 976,995
Canadian Natural Resources Ltd. 4.95% 2047 1,000,000 1,035,275
Cenovus Energy Inc. 3.80% 2023 3,970,000 3,873,664
Cenovus Energy Inc. 4.25% 2027 6,625,000 6,390,376
Cenovus Energy Inc. 5.25% 2037 2,000,000 1,971,328
Cenovus Energy Inc. 5.40% 2047 2,000,000 1,963,602
Centene Corp. 4.75% 2022 10,495,000 10,613,069
Centene Corp. 4.75% 2025 2,825,000 2,817,938
Centene Corp. 5.375% 2026 2,500,000 2,539,075
Centerpoint Energy, Inc., 2.50% 2022 900,000 864,173
CenturyLink, Inc. 6.75% 2023 8,475,000 8,538,563
CenturyLink, Inc., Series T, 5.80% 2022 1,325,000 1,318,375
Chemours Co. 6.625% 2023 4,990,000 5,239,500
Chesapeake Energy Corp. (3-month USD-LIBOR + 3.25%) 5.598% 2019 3,200,000 3,200,000
Chesapeake Energy Corp. 4.875% 2022 6,250,000 6,031,250
Chesapeake Energy Corp. 8.00% 2025 4,475,000 4,568,751
Chesapeake Energy Corp. 8.00% 2027 4,965,000 5,064,300
Chesapeake Energy Corp., Term Loan, (3-month USD-LIBOR + 7.50%) 9.594% 2021 1,150,000 1,205,344
Chevron Corp. 2.566% 2023 2,000,000 1,936,030
Chevron Corp. 3.326% 2025 1,165,000 1,150,688
Chevron Phillips Chemical Company LLC 3.30% 2023 1,170,000 1,162,090
Chevron Phillips Chemical Company LLC 3.70% 2028 3,000,000 2,965,863
Chrysler Capital Auto Receivables Trust, Series 2015-AA, Class B, 2.07% 2021 500,000 499,593
Citibank Credit Card Issuance Trust, Series 2014-A6, Class A6, 2.15% 2021 275,000 273,437
Citigroup Commercial Mortgage Trust, Series 2015-GC29, Class AAB, 2.984% 2048 1,185,000 1,170,556
Citigroup Inc. 2.35% 2021 8,650,000 8,361,004
Citigroup Inc. 2.90% 2021 4,000,000 3,921,316
Citigroup Inc. 3.20% 2026 2,211,000 2,059,454
Clear Channel Worldwide Holdings, Inc. 7.625% 2020 16,260,000 16,224,065
Cleveland-Cliffs Inc. 4.875% 2024 3,025,000 2,926,688
Cleveland-Cliffs Inc. 5.75% 2025 18,995,000 18,068,994
Comcast Corp. 2.35% 2027 4,000,000 3,507,488
Comcast Corp. 3.20% 2036 750,000 624,763
Comcast Corp. 3.30% 2027 1,000,000 941,542
Comcast Corp. 3.90% 2038 1,500,000 1,368,261
Comcast Corp. 4.00% 2048 1,500,000 1,323,656
Comision Federal de Electricidad 4.75% 2027 1,270,000 1,239,838
Commercial Mortgage Trust, Series 2015-PC1, Class A5, 3.902% 2050 4,735,000 4,792,312
Commonwealth Bank of Australia 2.25% 2020 1,000,000 985,908
Commonwealth Edison Company 3.65% 2046 2,000,000 1,846,964
Commonwealth Edison Company 4.00% 2048 2,600,000 2,547,605
Commonwealth Edison Company 4.35% 2045 2,085,000 2,135,299
Community Dev. Administration, Dept. of Housing and Community Dev., Residential Rev. Ref. Bonds, Series 2014-E, 2.857% 2040 70,000 68,883
Compass Diversified Holdings 8.00% 2026 2,690,000 2,636,200
Concho Resources Inc. 4.30% 2028 5,570,000 5,573,871
Concho Resources Inc. 4.85% 2048 826,000 839,786
Concordia Healthcare Corp. 7.00% 2023 7,380,000 461,250
Concordia Healthcare Corp. 9.50% 2022 4,210,000 263,125
Concordia Healthcare Corp., Term Loan B, (3-month USD-LIBOR + 4.25%) 6.343% 2021 2,104,644 1,875,764
Connecticut Avenue Securities, Series 2014-C02, Class 1M1, (1-month USD-LIBOR + 0.95%) 3.041% 2024 25,065 25,138
Consolidated Edison Co. of New York 4.50% 2058 6,100,000 6,073,929
Consolidated Energy Finance SA 6.50% 2026 1,560,000 1,546,350
Constellation Brands, Inc. 2.00% 2019 2,250,000 2,217,411
Constellation Brands, Inc. 2.25% 2020 2,250,000 2,197,825
Constellation Brands, Inc. 2.65% 2022 4,835,000 4,640,338
Constellation Brands, Inc. 2.70% 2022 395,000 382,329
Constellation Brands, Inc. 3.20% 2023 1,650,000 1,606,676
Constellation Brands, Inc. 3.60% 2028 1,250,000 1,183,360
Constellation Brands, Inc. 4.50% 2047 445,000 424,838
Consumers Energy Co. 3.125% 2024 3,785,000 3,675,144
Consumers Energy Co. 3.25% 2046 940,000 823,636
Consumers Energy Co. 3.375% 2023 475,000 474,327
Consumers Energy Co. 4.05% 2048 6,285,000 6,284,315
Convey Park Energy LLC 7.50% 2025 2,000,000 2,050,000
Corporate Office Properties LP 3.60% 2023 765,000 740,863
Corporate Office Properties LP 5.25% 2024 3,595,000 3,723,169
Corporate Risk Holdings LLC 13.50% 2020 1,016,385 1,087,532
Corporate Risk Holdings LLC 9.50% 2019 3,878,000 4,057,358
Costco Wholesale Corp. 2.15% 2021 2,250,000 2,201,020
Costco Wholesale Corp. 2.30% 2022 2,250,000 2,185,794
Costco Wholesale Corp. 2.75% 2024 12,250,000 11,868,143
Costco Wholesale Corp. 3.00% 2027 2,250,000 2,149,628
Credit Suisse Group AG 3.00% 2021 250,000 246,750
Credit Suisse Group AG 3.80% 2023 1,625,000 1,605,726
Credit Suisse Group AG 3.869% 2029 (3-month USD-LIBOR +1.410 on 01/12/2028) 800,000 753,439
Crédit Agricole SA 4.375% 2025 1,700,000 1,647,060
Cumulus Media New Holdings Inc., TL, (3-month USD-LIBOR + 4.50%) 6.5% 2022 1,504,095 1,497,515
DCP Midstream Operating LP 4.95% 2022 4,775,000 4,840,656
DISNEY WALT CO 4(2) CP 7/17/2018 35,600,000 35,565,254
DNB ASA 2.375% 2021 3,000,000 2,907,363
DaVita HealthCare Partners Inc. 5.00% 2025 3,875,000 3,657,031
DaimlerChrysler North America Holding Corp. 2.00% 2021 200,000 191,450
DaimlerChrysler North America Holding Corp. 2.25% 2019 6,000,000 5,936,508
DaimlerChrysler North America Holding Corp. 2.25% 2020 2,765,000 2,720,149
DaimlerChrysler North America Holding Corp. 3.35% 2023 1,200,000 1,179,661
DaimlerChrysler North America Holding Corp. 3.75% 2028 397,000 385,331
Danske Bank AS 2.70% 2022 2,000,000 1,941,014
Deutsche Telekom International Finance BV 1.95% 2021 1,000,000 953,966
Deutsche Telekom International Finance BV 2.82% 2022 2,535,000 2,464,261
Deutsche Telekom International Finance BV 3.60% 2027 3,750,000 3,541,305
Deutsche Telekom International Finance BV 9.25% 2032 3,570,000 5,117,574
Diamond Offshore Drilling, Inc. 4.875% 2043 4,685,000 3,396,625
Diamond Offshore Drilling, Inc. 7.875% 2025 2,550,000 2,652,000
Dominion Resources, Inc. 1.60% 2019 890,000 876,508
Dominion Resources, Inc. 1.875% 2018 2,500,000 2,490,613
Dominion Resources, Inc. 2.00% 2021 790,000 753,827
Dominion Resources, Inc. 2.579% 2020 (2.579 on 07/01/2020) 950,000 936,286
Dominion Resources, Inc. 2.75% 2022 800,000 776,485
Dominion Resources, Inc. 2.85% 2026 1,500,000 1,360,704
Dominion Resources, Inc. 2.962% 2019 300,000 299,405
Drive Auto Receivables Trust, Series 2017-AA, Class C, 2.98% 2022 850,000 850,248
Drivetime Auto Owner Trust, Series 2016-3A, Class C, 3.15% 2022 1,991,311 1,993,565
Drivetime Auto Owner Trust, Series 2017-3A, Class C, 3.01% 2023 3,850,000 3,836,737
Drivetime Auto Owner Trust, Series 2017-4A, Class C, 2.86% 2023 2,000,000 1,988,560
Duke Energy Corp. 2.65% 2026 4,325,000 3,901,012
Duke Energy Corp. 3.75% 2024 150,000 149,610
Duke Energy Florida, LLC 3.20% 2027 2,420,000 2,329,906
Duke Energy Ohio, Inc. 3.70% 2046 1,950,000 1,798,645
Duke Energy Progress Inc. 3.70% 2046 4,350,000 4,010,108
Duke Energy Progress Inc. 4.15% 2044 3,020,000 2,985,053
EDP Finance BV 3.625% 2024 12,250,000 11,756,717
EDP Finance BV 4.125% 2020 3,402,000 3,436,207
ELI LILLY AND COMPANY 4(2) CP 7/9/2018 36,500,000 36,480,619
EMD Finance LLC 2.40% 2020 210,000 207,157
EMD Finance LLC 2.95% 2022 1,010,000 987,893
EMD Finance LLC 3.25% 2025 1,020,000 976,475
EMERSON ELECTRIC CO 4(2) CP 7/19/2018 24,500,000 24,473,344
EOG Resources, Inc. 4.15% 2026 2,980,000 3,051,729
EPR Properties 4.50% 2027 3,240,000 3,098,921
EPR Properties 4.75% 2026 6,070,000 5,945,225
EQT Corp. 3.00% 2022 975,000 939,810
EQT Corp. 3.90% 2027 1,810,000 1,692,234
EXXON MOBIL CORPORATION CP 8/10/2018 50,000,000 49,884,200
EXXON MOBIL CORPORATION CP 8/14/2018 50,000,000 49,872,750
EXXON MOBIL CORPORATION CP 8/22/2018 44,000,000 43,867,692
EXXON MOBIL CORPORATION CP 8/8/2018 46,200,000 46,098,268
Eastman Chemical Co. 2.70% 2020 7,000,000 6,960,513
EchoStar Corp. 6.625% 2026 850,000 788,375
Electricité de France SA 2.35% 2020 650,000 637,744
Electricité de France SA 6.95% 2039 4,000,000 5,078,956
Emera US Finance LP 2.15% 2019 300,000 296,940
Emera US Finance LP 2.70% 2021 770,000 749,918
Emera US Finance LP 3.55% 2026 645,000 608,134
EnLink Midstream Partners, LP 4.15% 2025 5,580,000 5,163,163
EnLink Midstream Partners, LP 5.05% 2045 3,135,000 2,557,348
EnLink Midstream Partners, LP 5.45% 2047 1,964,000 1,655,703
Enbridge Energy Partners, LP 5.20% 2020 120,000 123,443
Enbridge Energy Partners, LP 5.875% 2025 3,825,000 4,167,513
Enbridge Energy Partners, LP, Series B, 7.50% 2038 2,000,000 2,475,072
Enbridge Inc. 3.70% 2027 3,897,000 3,698,413
Enbridge Inc. 4.00% 2023 2,500,000 2,510,123
Endo International PLC 5.75% 2022 5,865,000 5,278,500
Endo International PLC 6.00% 2025 3,945,000 3,096,825
Enel Finance International SA 3.50% 2028 5,800,000 5,220,128
Energy Transfer Partners, LP 4.00% 2027 1,126,000 1,053,831
Energy Transfer Partners, LP 4.15% 2020 3,500,000 3,544,139
Energy Transfer Partners, LP 4.20% 2027 185,000 174,514
Energy Transfer Partners, LP 4.75% 2026 4,000,000 3,968,292
Energy Transfer Partners, LP 4.95% 2028 282,000 281,561
Energy Transfer Partners, LP 5.30% 2047 1,941,000 1,780,675
Energy Transfer Partners, LP 5.40% 2047 3,400,000 3,128,194
Energy Transfer Partners, LP 5.50% 2027 6,420,000 6,436,050
Energy Transfer Partners, LP 5.875% 2024 2,775,000 2,851,313
Energy Transfer Partners, LP 6.00% 2048 3,056,000 3,056,795
Energy Transfer Partners, LP 7.50% 2020 1,175,000 1,255,781
Enersis Américas SA 4.00% 2026 495,000 472,775
Ensco PLC 7.75% 2026 3,650,000 3,461,843
Ensco PLC, 5.75% 2044 7,820,000 5,552,200
Entergy Corp. 2.95% 2026 1,160,000 1,061,031
Enterprise Fleet Financing LLC, Series 2016-2, Class A2, 1.74% 2022 381,223 379,649
Enterprise Fleet Financing LLC, Series 2017-1, Class A2, 2.13% 2022 474,595 471,887
Enterprise Fleet Financing LLC, Series 2017-1, Class A3, 2.60% 2022 655,000 649,949
Enterprise Products Operating LLC 4.90% 2046 1,000,000 1,004,945
Envision Healthcare Corp. 5.125% 2022 1,405,000 1,424,319
Equinix, Inc. 5.375% 2027 1,400,000 1,400,000
Essex Portfolio LP 3.50% 2025 5,865,000 5,668,792
Essex Portfolio LP 3.875% 2024 1,000,000 993,616
Euramax International, Inc. 12.00% 2020 4,350,000 4,589,250
Exelon Corp. 3.40% 2026 200,000 190,210
Exelon Corp. 3.497% 2022 2,150,000 2,128,642
Extraction Oil & Gas, Inc. 5.625% 2026 2,900,000 2,780,549
Exxon Mobil Corp. 2.222% 2021 5,070,000 4,978,248
Exxon Mobil Corp. 2.726% 2023 3,000,000 2,945,229
Exxon Mobil Corp. 3.043% 2026 2,250,000 2,193,476
FED HM LN BK BD 7/10/2018 34,500,000 34,486,545
FED HM LN BK BD 7/20/2018 50,000,000 49,955,500
FED HM LN BK BD 7/23/2018 50,000,000 49,948,500
FED HM LN BK BD 7/25/2018 35,900,000 35,859,433
FED HM LN BK BD 7/27/2018 169,000,000 168,792,130
FED HM LN BK BD 7/3/2018 50,000,000 49,997,500
FED HM LN BK BD 7/6/2018 37,000,000 36,992,970
FED HM LN BK BD 8/13/2018 50,000,000 49,896,000
FED HM LN BK BD 8/17/2018 45,000,000 44,897,400
FED HM LN BK BD 8/20/2018 46,000,000 45,886,380
FED HM LN BK BD 8/22/2018 85,000,000 84,781,550
FED HM LN BK BD 8/24/2018 80,000,000 79,786,400
FED HM LN BK BD 8/3/2018 126,000,000 125,800,920
FED HM LN BK BD 9/25/2018 50,000,000 49,774,000
FED HM LN BK BD 9/7/2018 50,000,000 49,825,000
FED HM LN BK DISC NT 7/11/2018 75,000,000 74,967,000
FED HM LN BK DISC NT 8/29/2018 80,000,000 79,761,600
FED HM LN BK DISC NT 9/24/2018 36,900,000 36,735,057
FED HM LN MTG CORP DISC NT 7/18/2018 50,000,000 49,961,500
FED HM LN MTG CORP DISC NT 7/20/2018 30,500,000 30,473,160
FED HM LN MTG CORP DISC NT 8/21/2018 130,000,000 129,672,400
FED NAT MTG DISC NT 7/30/2018 50,000,000 49,931,000
FED NAT MTG DISC NT 8/6/2018 100,000,000 99,828,000
FHLB 8/31/2018 50,000,000 49,846,000
FHMS_K077 A2 3.9% 05-25-28 3,840,000 3,966,428
Fannie Mae 1.875% 2026 13,000,000 11,879,660
Fannie Mae 2.00% 2022 3,000,000 2,926,170
Fannie Mae 3.00% 2036 21,603,611 21,289,063
Fannie Mae 3.00% 2046 36,077,926 35,003,814
Fannie Mae 3.50% 2042 9,943,348 9,978,707
Fannie Mae 3.50% 2045 3,975,107 3,978,828
Fannie Mae 3.50% 2045 16,101,597 16,144,492
Fannie Mae 3.50% 2046 7,510,419 7,509,773
Fannie Mae 3.50% 2046 2,915,382 2,909,983
Fannie Mae 3.50% 2047 5,680,592 5,670,509
Fannie Mae 3.50% 2047 6,613,592 6,594,545
Fannie Mae 3.50% 2047 62,310,950 62,149,004
Fannie Mae 3.50% 2048 28,700,000 28,558,538
Fannie Mae 4.00% 2041 3,603,212 3,706,884
Fannie Mae 4.00% 2041 2,809,048 2,889,941
Fannie Mae 4.00% 2043 2,380,314 2,460,324
Fannie Mae 4.00% 2043 2,038,843 2,099,178
Fannie Mae 4.00% 2043 3,841,989 3,971,083
Fannie Mae 4.00% 2046 996,591 1,021,277
Fannie Mae 4.00% 2046 3,116,837 3,190,273
Fannie Mae 4.00% 2047 24,264,280 24,872,319
Fannie Mae 4.00% 2047 14,926,429 15,257,870
Fannie Mae 4.00% 2048 59,257,660 60,412,710
Fannie Mae 4.00% 2048 39,188,108 39,860,123
Fannie Mae 4.00% 2048 139,504,232 142,021,865
Fannie Mae 4.50% 2048 5,625,204 5,857,795
Fannie Mae 4.50% 2048 36,986,484 38,446,451
Fannie Mae 4.50% 2048 40,178,312 41,701,472
Fannie Mae 5.50% 2033 534,262 579,535
Fannie Mae 5.50% 2033 360,137 391,894
Fannie Mae 5.50% 2036 842,619 913,392
Fannie Mae 5.50% 2037 288,694 313,738
Fannie Mae 5.50% 2037 157,801 170,956
Fannie Mae 6.00% 2021 19,279 19,734
Fannie Mae 6.00% 2026 298,021 325,894
Fannie Mae 6.00% 2036 575,433 631,931
Fannie Mae 6.00% 2036 94,405 103,739
Fannie Mae 6.00% 2036 1,998,890 2,201,257
Fannie Mae 6.00% 2037 185,601 204,343
Fannie Mae 6.00% 2037 1,848,570 2,036,860
Fannie Mae 6.00% 2037 1,599,566 1,766,538
Fannie Mae 6.00% 2037 26,435 29,084
Fannie Mae 6.00% 2038 828,837 911,270
Fannie Mae 6.00% 2038 1,873,918 2,064,051
Fannie Mae 6.00% 2038 48,815 53,777
Fannie Mae 6.00% 2038 53,491 58,688
Fannie Mae 6.00% 2038 452,159 498,736
Fannie Mae 6.00% 2038 2,720,044 2,993,278
Fannie Mae 6.00% 2038 913,015 1,006,316
Fannie Mae 6.00% 2038 36,152 39,846
Fannie Mae 6.00% 2038 468,839 516,607
Fannie Mae 6.00% 2039 1,048 1,156
Fannie Mae 6.00% 2040 498,583 550,109
Fannie Mae 6.00% 2040 160,034 176,417
Fannie Mae 6.00% 2041 652,670 719,632
Fannie Mae 6.00% 2041 944,554 1,039,883
Fannie Mae 7.00% 2047 44,526 48,606
Fannie Mae 7.00% 2047 3,501 3,821
Fannie Mae, Series 2001-T10, Class A1, 7.00% 2041 190,758 216,529
Fannie Mae, Series 2002-W3, Class A5, 7.50% 2041 46,626 53,247
Fannie Mae, Series 2006-43, Class JO, principal only, 0% 2036 107,824 91,119
Fannie Mae, Series 2012-M14, Class A2, Multi Family, 2.301% 2022 2,145,000 2,079,856
Fannie Mae, Series 2012-M5, Class A2, Multi Family, 2.715% 2022 3,981,092 3,929,187
Fannie Mae, Series 2012-M9, Class A2, Multi Family, 2.482% 2022 4,669,279 4,579,750
Fannie Mae, Series 2013-M14, Class A2, Multi Family, 3.329% 2023 7,530,000 7,605,887
Fannie Mae, Series 2014-M1, Class A2, Multi Family, 3.297% 2023 8,920,520 8,991,099
Fannie Mae, Series 2014-M2, Class A2, Multi Family, 3.513% 2023 6,450,000 6,587,817
Fannie Mae, Series 2014-M3, Class A2, Multi Family, 3.501% 2024 7,000,000 7,117,271
Fannie Mae, Series 2014-M9, Class A2, Multi Family, 3.103% 2024 6,215,000 6,191,737
Fannie Mae, Series 2017-M3, Class A2, Multi Family, 2.568% 2026 9,665,000 9,042,584
Fannie Mae, Series 2017-M7, Class A2, Multi Family, 2.961% 2027 2,891,000 2,793,073
First Data Corp. 5.00% 2024 2,400,000 2,391,000
First Data Corp. 5.375% 2023 2,850,000 2,883,488
First Quantum Minerals Ltd. 6.875% 2026 4,025,000 3,864,000
First Quantum Minerals Ltd. 7.00% 2021 5,602,000 5,668,524
First Quantum Minerals Ltd. 7.25% 2022 8,175,000 8,297,625
First Quantum Minerals Ltd. 7.50% 2025 10,700,000 10,599,955
FirstEnergy Corp. 3.90% 2027 3,660,000 3,555,935
FirstEnergy Corp. 4.85% 2047 3,375,000 3,461,491
FirstEnergy Corp., Series B, 4.25% 2023 1,540,000 1,565,795
Ford Credit Auto Owner Trust, Series 2016-2, Class A, 2.03% 2027 2,900,000 2,809,880
Ford Credit Auto Owner Trust, Series 2017-1, Class A, 2.62% 2028 3,330,000 3,263,430
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 2031 14,965,000 14,745,239
Ford Credit Floorplan Master Owner Trust, Series 2016-3, Class A1, 1.55% 2021 3,500,000 3,455,575
Ford Motor Co. 5.291% 2046 750,000 698,153
Ford Motor Credit Co. 1.897% 2019 2,500,000 2,465,973
Ford Motor Credit Co. 2.343% 2020 7,635,000 7,438,597
Ford Motor Credit Co. 2.597% 2019 3,000,000 2,977,512
Ford Motor Credit Co. 3.157% 2020 1,000,000 994,307
Ford Motor Credit Co. 3.20% 2021 2,250,000 2,226,006
Ford Motor Credit Co. 4.134% 2025 5,000,000 4,881,845
France Télécom 4.125% 2021 5,000,000 5,112,850
Freddie Mac 2045 1,362,620 1,363,016
Freddie Mac 3.00% 2037 32,093,845 31,593,277
Freddie Mac 3.50% 2047 4,696,237 4,680,551
Freddie Mac 3.50% 2047 12,629,314 12,571,232
Freddie Mac 3.50% 2047 46,733,718 46,519,257
Freddie Mac 3.50% 2047 24,350,858 24,239,112
Freddie Mac 3.50% 2048 36,780,000 36,577,820
Freddie Mac 4.00% 2042 4,740,370 4,874,039
Freddie Mac 4.00% 2043 2,517,128 2,600,501
Freddie Mac 4.00% 2043 2,288,670 2,355,268
Freddie Mac 4.00% 2043 6,289,145 6,467,109
Freddie Mac 4.00% 2045 14,838,818 15,258,563
Freddie Mac 4.00% 2045 15,017,682 15,442,397
Freddie Mac 4.00% 2048 6,346,101 6,473,410
Freddie Mac 4.00% 2048 6,740,070 6,868,030
Freddie Mac 4.00% 2048 13,259,930 13,492,509
Freddie Mac 4.50% 2039 216,761 227,749
Freddie Mac 4.50% 2046 1,170,237 1,219,113
Freddie Mac 4.50% 2046 2,192,046 2,283,599
Freddie Mac 4.50% 2048 413,676 430,527
Freddie Mac 4.50% 2048 1,586,324 1,648,084
Freddie Mac 5.00% 2038 1,194,449 1,275,886
Freddie Mac 5.00% 2040 2,122,995 2,269,490
Freddie Mac 6.50% 2038 139,549 155,514
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 2.00% 2056 6,111,334 5,967,425
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 2.25% 2056 11,692,905 11,352,606
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 2056 10,961,900 10,699,932
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 2.25% 2056 2,674,503 2,638,539
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 2.25% 2057 2,009,522 1,958,939
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 2057 1,554,314 1,527,998
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 2057 3,907,975 3,838,413
Freddie Mac, Series K019, Class A2, Multi Family, 2.272% 2022 4,000,000 3,902,068
Freddie Mac, Series K021, Class A2, Multi Family, 2.396% 2022 3,680,000 3,597,016
Freddie Mac, Series K034, Class A1, Multi Family, 2.669% 2023 1,661,551 1,653,830
Freddie Mac, Series K044, Class A2, Multi Family, 2.811% 2025 4,265,000 4,177,721
Freddie Mac, Series K047, Class A2, Multi Family, 3.329% 2025 4,000,000 4,032,648
Freddie Mac, Series K055, Class A2, Multi Family, 2.673% 2026 10,050,000 9,651,266
Freddie Mac, Series K057, Class A2, Multi Family, 2.57% 2026 4,855,000 4,615,925
Freddie Mac, Series K063, Class A2, Multi Family, 3.43% 2027 4,375,000 4,397,146
Freddie Mac, Series K066, Class A2, Multi Family, 3.117% 2027 4,755,000 4,655,017
Freddie Mac, Series K067, Class A2, Multi Family, 3.194% 2027 17,070,000 16,817,279
Freddie Mac, Series K069, Class A2, Multi Family, 3.187% 2027 2,280,000 2,237,214
Freddie Mac, Series K070, Class A2, Multi Family, 3.303% 2027 6,465,000 6,401,708
Freddie Mac, Series K072, Class A2, Multi Family, 3.444% 2027 1,980,000 1,983,926
Freddie Mac, Series K073, Class A2, Multi Family, 3.35% 2028 3,571,000 3,548,321
Freddie Mac, Series K075, Class A2, Multi Family, 3.65% 2028 5,900,000 6,005,138
Freddie Mac, Series K076, Class A2, Multi Family, 3.9% 2028 16,930,000 17,540,834
Freddie Mac, Series K723, Class A2, Multi Family, 2.454% 2023 3,025,000 2,935,793
Freddie Mac, Series K725, Class A2, Multi Family, 3.002% 2024 5,555,000 5,523,859
Freddie Mac, Series KS01, Class A1, Multi Family, 1.693% 2022 1,404,335 1,379,726
Freddie Mac, Series T-041, Class 3A, 5.569% 2032 306,382 320,625
Freeport-McMoRan Inc. 3.55% 2022 12,035,000 11,463,338
Frontier Communications Corp. 10.50% 2022 3,140,000 2,865,250
Frontier Communications Corp. 11.00% 2025 18,125,000 14,585,188
G.O. Bonds, Pension Funding Series 2003, 5.10% 2033 5,000,000 4,739,700
General Dynamics Corp. 3.375% 2023 1,995,000 1,999,670
General Dynamics Corp. 3.50% 2025 5,500,000 5,497,338
General Electric Co. 2.70% 2022 6,535,000 6,325,606
General Electric Co. 4.125% 2042 2,500,000 2,325,275
General Mills, Inc. (3-month USD-LIBOR + 0.54%) 2.893% 2021 1,795,000 1,798,387
General Mills, Inc. 3.20% 2021 425,000 423,045
General Mills, Inc. 3.70% 2023 395,000 391,296
General Mills, Inc. 4.20% 2028 540,000 529,486
General Motors Co. 6.75% 2046 250,000 277,869
General Motors Financial Co. 2.35% 2019 3,500,000 3,471,048
General Motors Financial Co. 3.45% 2022 3,625,000 3,564,615
General Motors Financial Co. 3.45% 2022 2,000,000 1,972,902
General Motors Financial Co. 3.50% 2024 6,600,000 6,290,843
General Motors Financial Co. 3.70% 2020 6,355,000 6,390,219
General Motors Financial Co. 4.30% 2025 1,250,000 1,227,701
General Motors Financial Co. 4.35% 2027 1,000,000 968,976
Genesis Energy, LP 6.50% 2025 2,725,000 2,629,625
Genesis Energy, LP 6.75% 2022 3,750,000 3,806,250
Genesys Telecommunications Laboratories, Inc. 10.00% 2024 575,000 643,209
Georgia-Pacific Corp. 2.539% 2019 7,000,000 6,956,348
GlaxoSmithKline PLC 3.625% 2025 7,085,000 7,077,872
Global SC Finance II SRL, Series 2013-1A, Class A, 2.98% 2028 120,833 118,681
Global SC Finance II SRL, Series 2014-1A, Class A1, 3.19% 2029 270,708 266,199
Global SC Finance II SRL, Series 2017-1A, Class A, 3.85% 2037 1,781,714 1,767,845
Gogo Inc. 12.50% 2022 18,205,000 19,479,350
Goldman Sachs Group, Inc. 1.95% 2019 655,000 648,656
Goldman Sachs Group, Inc. 2.55% 2019 4,000,000 3,976,652
Goldman Sachs Group, Inc. 2.875% 2021 231,000 228,123
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR +0.990 on 07/24/2022) 7,000,000 6,746,600
Goldman Sachs Group, Inc. 3.00% 2022 4,750,000 4,645,757
Goldman Sachs Group, Inc. 3.50% 2025 280,000 270,547
Goldman Sachs Group, Inc. 3.691% 2028 (3-month USD-LIBOR +1.510 on 06/05/2027) 2,000,000 1,897,382
Goldman Sachs Group, Inc. 4.223% 2029 (3-month USD-LIBOR +1.301 on 05/01/2028) 3,000,000 2,960,208
Goldman Sachs Group, Inc. 5.25% 2021 200,000 210,259
Government National Mortgage Assn. 3.50% 2048 47,750,000 47,921,614
Government National Mortgage Assn. 4.00% 2048 2,074,060 2,133,866
Government National Mortgage Assn. 4.00% 2048 16,211,783 16,679,298
Government National Mortgage Assn. 4.00% 2048 54,864,039 56,221,705
Government National Mortgage Assn. 4.00% 2048 42,385,961 43,371,943
Government National Mortgage Assn. 4.50% 2048 6,014,250 6,241,781
Government National Mortgage Assn. 4.50% 2048 9,985,750 10,380,696
Great Plains Energy Inc. 4.20% 2047 2,100,000 2,071,224
Groupe BPCE SA 2.75% 2023 2,250,000 2,150,609
Groupe BPCE SA 5.15% 2024 3,000,000 3,044,454
Groupe BPCE SA 5.70% 2023 4,460,000 4,669,397
H.I.G. Capital, LLC 6.75% 2024 2,366,000 2,321,638
HCA Inc. 5.25% 2026 875,000 871,238
HCA Inc. 5.875% 2023 2,125,000 2,210,000
HONEYWELL INTERNATIONAL 4(2) CP 7/24/2018 50,000,000 49,931,550
HSBC Holdings PLC 3.262% 2023 (3-month USD-LIBOR + 1.055 on 3/13/22) 3,000,000 2,939,643
HSBC Holdings PLC 3.326% 2024 1,500,000 1,496,693
HSBC Holdings PLC 3.95% 2024 (3-month USD-LIBOR +0.987 on 05/18/2023) 1,250,000 1,247,348
HSBC Holdings PLC 4.25% 2024 3,000,000 2,987,283
HSBC Holdings PLC 4.30% 2026 200,000 200,640
HSBC Holdings PLC 4.583% 2029 (3-month USD-LIBOR + 1.535% on 6/19/2028) 5,250,000 5,306,884
Hanesbrands Inc. 4.625% 2024 660,000 646,800
Hanesbrands Inc. 4.875% 2026 2,700,000 2,619,000
Hardwoods Acquisition Inc 7.50% 2021 2,328,000 2,170,860
Healthsouth Corp. 5.75% 2024 6,850,000 6,879,661
Healthsouth Corp. 5.75% 2025 3,285,000 3,334,275
Hertz Global Holdings Inc. 7.625% 2022 6,650,000 6,400,625
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2013-1A, Class A2, 1.83% 2019 666,667 666,039
High-Speed Passenger Train G.O. Ref. Bonds, Series 2017-B, 2.193% 2047 (put 2020) 2,500,000 2,471,700
Holcim Ltd. 5.15% 2023 7,395,000 7,763,951
Home Depot, Inc. 1.80% 2020 3,415,000 3,354,384
Home Depot, Inc. 4.25% 2046 3,500,000 3,526,600
Hospitality Properties Trust 3.95% 2028 3,825,000 3,500,139
Hospitality Properties Trust 4.50% 2023 2,295,000 2,307,354
Hospitality Properties Trust 4.50% 2025 325,000 318,422
Hospitality Properties Trust 4.95% 2027 1,000,000 988,117
Host Hotels & Resorts LP 4.50% 2026 705,000 705,359
Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2013-2-A, AMT, 4.00% 2043 20,000 20,696
Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2014-F, 4.00% 2034 15,000 15,203
Housing Fin. Agcy., Homeownership Fin. Bonds (GNMA and FNMA Pass-Through Program), Series 2013-A, 2.35% 2043 28,706 27,175
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2013-A, AMT, 3.00% 2031 10,000 10,105
Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2014-A, 4.00% 2038 210,000 218,463
Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 167, 4.00% 2043 10,000 10,365
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-A-1, 4.00% 2044 55,000 56,999
Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2014-C-1, 4.00% 2044 80,000 83,046
Housing Fin. Auth., Mortgage Rev. Ref. Bonds, Series 2014, AMT, 4.00% 2041 55,000 57,152
Hub International Ltd., 7.00% 2026 740,000 732,600
Huntsman International LLC 4.875% 2020 4,935,000 5,027,531
IBM CREDIT LLC 4(2) CP 7/25/2018 50,000,000 49,928,700
Icahn Enterprises Finance Corp. 6.25% 2022 5,000,000 5,112,500
Imperial Tobacco Finance PLC 3.50% 2023 4,000,000 3,913,052
Infor Software 7.125% 2021 2,925,000 2,943,281
Inmarsat PLC 4.875% 2022 7,775,000 7,677,813
Inmarsat PLC 6.50% 2024 2,550,000 2,562,750
Intelsat Jackson Holding Co. 6.625% 2024 1,400,000 1,448,300
Intelsat Jackson Holding Co. 7.25% 2020 3,320,000 3,320,000
Intelsat Jackson Holding Co. 7.50% 2021 18,335,000 18,289,163
Intelsat Jackson Holding Co. 8.00% 2024 3,075,000 3,236,438
Intercontinentalexchange, Inc. 2.50% 2018 4,000,000 4,000,190
International Paper Co. 7.30% 2039 2,005,000 2,570,847
Intesa Sanpaolo SpA 3.375% 2023 1,500,000 1,379,775
Intesa Sanpaolo SpA 3.875% 2028 1,500,000 1,287,803
Intesa Sanpaolo SpA 5.017% 2024 3,980,000 3,615,651
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2013-A, 3.00% 2043 15,000 15,167
Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2013-C, 4.50% 2043 10,000 10,131
Iron Mountain Inc. 4.875% 2027 1,780,000 1,648,725
JOHN DEERE CAPITAL CORP 4(2) CP 7/24/2018 50,000,000 49,931,550
JOHN DEERE LTD 4(2) CP 8/1/2018 17,800,000 17,767,515
JOHN DEERE LTD 4(2) CP 8/14/2018 50,000,000 49,870,950
JPMorgan Chase & Co. 2.55% 2020 2,750,000 2,710,474
JPMorgan Chase & Co. 2.55% 2021 497,000 487,206
JPMorgan Chase & Co. 2.70% 2023 125,000 120,040
JPMorgan Chase & Co. 3.25% 2022 180,000 178,382
JPMorgan Chase & Co. 3.509% 2029 (3-month USD-LIBOR +0.945 on 01/23/2028) 4,000,000 3,797,788
JPMorgan Chase & Co. 3.54% 2028 (3-month USD-LIBOR + 1.38% on 05/01/2027) 3,000,000 2,874,321
JPMorgan Chase & Co. 3.559% 2024 (3-month USD-LIBOR +0.730 on 04/23/2023) 6,075,000 6,019,845
JPMorgan Chase & Co., Series Z, junior subordinated 5.30% (undated) (3-month USD-LIBOR + 3.8% on 05/01/2020) 3,200,000 3,267,200
Jaguar Holding Co. 6.375% 2023 1,600,000 1,596,320
Johnson & Johnson 2.25% 2022 3,750,000 3,668,036
Johnson & Johnson 2.45% 2026 1,285,000 1,206,451
Johnson & Johnson 3.625% 2037 1,000,000 978,489
Johnson & Johnson 3.75% 2047 750,000 735,021
Jonah Energy LLC 7.25% 2025 2,950,000 2,396,875
Jupiter Resources Inc. 8.50% 2022 835,000 344,438
KfW 2.125% 2022 375,000 365,235
Kinder Morgan Energy Partners, LP 3.50% 2021 40,000 39,952
Kinder Morgan Energy Partners, LP 5.40% 2044 1,380,000 1,343,180
Kinder Morgan Energy Partners, LP 5.50% 2044 3,578,000 3,563,455
Kinder Morgan, Inc. 3.05% 2019 2,520,000 2,512,997
Kinder Morgan, Inc. 4.30% 2028 7,375,000 7,158,949
Kinder Morgan, Inc. 5.05% 2046 1,500,000 1,418,421
Kinder Morgan, Inc. 5.20% 2048 4,240,000 4,111,363
Kinder Morgan, Inc. 5.55% 2045 1,000,000 1,013,132
Kinetic Concepts, Inc. 12.50% 2021 2,430,000 2,697,300
Kratos Defense & Security Solutions, Inc. 6.50% 2025 845,000 877,744
Kronos Inc., Term Loan B, (3-month USD-LIBOR + 8.25%) 10.608% 2024 3,000,000 3,108,750
LB-UBS Commercial Mortgage Trust, Series 2007-C6, Class AM, 6.114% 2040 324,975 324,908
LSB Industries, Inc. 9.625% 2023 1,300,000 1,314,625
LSC Communications, Inc. 8.75% 2023 3,475,000 3,418,531
Liberty Global PLC 5.50% 2028 2,725,000 2,459,313
Ligado Networks, Term Loan, (3-month USD-LIBOR + 8.75%) 11.069% 2020 14,022,249 11,650,147
Limited Brands, Inc. 5.25% 2028 1,160,000 1,032,400
Limited Brands, Inc. 6.875% 2035 885,000 792,075
Lloyds Banking Group PLC 2.907% 2023 (3-month USD-LIBOR +0.810 on 11/07/2022) 1,525,000 1,453,511
Lloyds Banking Group PLC 3.00% 2022 4,000,000 3,898,368
Lloyds Banking Group PLC 4.375% 2028 2,150,000 2,127,242
Lloyds Banking Group PLC 4.45% 2025 1,600,000 1,610,515
Lloyds Banking Group PLC 4.582% 2025 1,500,000 1,472,220
Lockheed Martin Corp. 2.50% 2020 6,015,000 5,936,775
Lockheed Martin Corp. 3.10% 2023 545,000 538,334
Lockheed Martin Corp. 3.55% 2026 3,490,000 3,439,168
Lowe's Companies, Inc. 2.50% 2026 2,720,000 2,490,968
MASTR Alternative Loan Trust, Series 2004-2, Class 2A1, 6.00% 2034 854,955 911,271
MERCK & CO INC 4(2) CP 7/17/2018 25,000,000 24,975,850
MGM Resorts International 7.75% 2022 1,700,000 1,857,250
MPLX LP 4.00% 2028 1,705,000 1,624,891
MPLX LP 4.125% 2027 2,680,000 2,560,124
MPLX LP 4.50% 2038 3,000,000 2,777,925
Mallinckrodt PLC 4.875% 2020 8,685,000 8,576,438
Manitoba (Province of) 3.05% 2024 2,600,000 2,572,726
Maple Escrow 3.551% 2021 4,315,000 4,321,434
Maple Escrow 4.057% 2023 1,295,000 1,301,247
Maple Escrow 4.597% 2028 1,691,000 1,699,883
Maple Escrow 4.985% 2038 5,351,000 5,398,442
Maple Escrow 5.085% 2048 1,779,000 1,799,083
Marathon Oil Corp. 4.40% 2027 4,615,000 4,638,015
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 4.50%) 6.593% 2024 2,995,285 3,015,255
McDonald's Corp. 2.625% 2022 1,105,000 1,083,519
McDonald's Corp. 2.75% 2020 1,750,000 1,738,693
McDonald's Corp. 3.35% 2023 820,000 818,039
McDonald's Corp. 3.50% 2027 830,000 810,879
McDonald's Corp. 4.875% 2045 1,600,000 1,686,315
Medtronic, Inc. 3.50% 2025 3,000,000 2,970,300
Medtronic, Inc. 4.375% 2035 4,537,000 4,697,632
Medtronic, Inc. 4.625% 2045 3,260,000 3,461,044
Meredith Corp. 6.875% 2026 1,675,000 1,656,156
Meritage Homes Corp. 5.125% 2027 2,675,000 2,494,438
Metropolitan Life Global Funding I 1.55% 2019 3,500,000 3,446,366
Metropolitan Life Global Funding I 1.95% 2021 2,500,000 2,394,715
Metropolitan Life Global Funding I 2.50% 2020 8,000,000 7,877,016
Microsoft Corp. 4.10% 2037 1,000,000 1,043,189
Microsoft Corp. 4.20% 2035 6,000,000 6,316,632
MidAmerican Energy Holdings Co. 2.40% 2019 1,500,000 1,496,427
MidAmerican Energy Holdings Co. 3.10% 2027 2,000,000 1,926,166
Molina Healthcare, Inc. 4.875% 2025 5,242,000 5,110,950
Molina Healthcare, Inc. 5.375% 2022 10,360,000 10,476,550
Molson Coors Brewing Co. 1.45% 2019 425,000 418,390
Molson Coors Brewing Co. 1.90% 2019 2,015,000 2,001,000
Molson Coors Brewing Co. 2.10% 2021 165,000 158,325
Molson Coors Brewing Co. 2.25% 2020 1,725,000 1,698,318
Molson Coors Brewing Co. 3.00% 2026 460,000 418,437
Molson Coors Brewing Co. 4.20% 2046 2,250,000 2,026,364
Morgan Stanley 2.50% 2021 3,000,000 2,931,024
Morgan Stanley 3.625% 2027 2,775,000 2,672,655
Morgan Stanley 3.737% 2024 (3-month USD-LIBOR +0.847 on 04/24/2023) 4,500,000 4,476,447
Morgan Stanley 3.772% 2029 (3-month USD-LIBOR + 1.140 on 01/24/2028) 3,000,000 2,894,364
Morgan Stanley 3.875% 2026 2,650,000 2,610,234
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class ASB, 3.04% 2048 1,180,000 1,167,099
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C27, Class ASB, 3.557% 2047 1,000,000 1,010,210
Morgan Stanley Capital I Trust, Series 2014-CPT, Class A, 3.35% 2029 2,650,000 2,660,775
Mosaic Co. 3.25% 2022 2,250,000 2,187,169
Mosaic Co. 4.05% 2027 2,125,000 2,033,850
NBC Universal Enterprise, Inc. 1.974% 2019 100,000 99,266
NEW YORK LIFE CAPITAL CORP 4(2) CP 7/2/2018 28,277,000 28,272,532
NGL Energy Partners LP 6.125% 2025 7,435,000 7,063,250
NGL Energy Partners LP 6.875% 2021 7,990,000 8,119,838
NRG Energy, Inc. 6.25% 2022 4,675,000 4,822,496
National Australia Bank Ltd. 1.375% 2019 975,000 960,698
National Australia Bank Ltd. 1.875% 2021 975,000 931,540
National Rural Utilities Cooperative Finance Corp. 3.05% 2027 6,000,000 5,691,546
Nationstar HECM Loan Trust, Series 2017-1A, Class A, 1.9679 % 2027 226,797 226,026
Nationstar HECM Loan Trust, Series 2017-1A, Class M1, 2.9419% 2027 420,000 416,711
Nationstar HECM Loan Trust, Series 2018-1A, Class A, 2.76% 2028 720,401 721,173
Navient Corp. 4.875% 2019 7,800,000 7,848,750
Navient Corp. 5.5% 2023 6,390,000 6,302,138
Navient Corp. 6.125% 2024 3,225,000 3,200,813
Navient Corp. 6.50% 2022 3,675,000 3,766,875
Neiman Marcus Group LTD Inc., Term Loan B, (3-month USD-LIBOR + 3.25%) 5.564% 2020 1,120,063 995,456
New York Life Global Funding 1.50% 2019 1,525,000 1,496,830
New York Life Global Funding 1.70% 2021 1,500,000 1,428,222
New York Life Global Funding 2.35% 2026 1,190,000 1,083,032
Newell Rubbermaid Inc. 2.60% 2019 188,000 187,374
Newell Rubbermaid Inc. 3.15% 2021 2,050,000 2,032,153
NiSource Finance Corp. 2.65% 2022 675,000 652,913
Noble Corp. PLC 7.95% 2025 3,175,000 2,968,625
Noble Corp. PLC 8.95% 2045 3,525,000 3,234,188
Noble Energy, Inc. 4.95% 2047 2,000,000 2,008,206
Nordea Bank AB 2.50% 2020 4,450,000 4,377,585
Northern States Power Co. 4.125% 2044 6,000,000 6,048,894
Northrop Grumman Corp., 2.93% 2025 3,645,000 3,464,871
Northrop Grumman Corp., 3.25% 2028 4,495,000 4,237,648
Nova Chemicals Corp. 5.25% 2027 4,275,000 3,994,453
Novelis Corp. 5.875% 2026 2,600,000 2,496,000
Ontario (Province of) 2.55% 2021 6,300,000 6,237,756
Oracle Corp. 2.65% 2026 2,000,000 1,845,776
Orange SA 5.50% 2044 3,000,000 3,331,017
Owens & Minor, Inc. 3.875% 2021 4,985,000 4,760,675
Owens & Minor, Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 6.869% 2025 1,910,000 1,878,963
PEPSICO INC 4(2) CP 7/5/2018 15,000,000 14,995,200
PEPSICO INC 4(2) CP 8/7/2018 20,000,000 19,956,340
PEPSICO INC 4(2) CP 8/8/2018 50,000,000 49,887,900
PFIZER INC 4(2) CP 8/20/2018 20,000,000 19,940,780
PFIZER INC. 4(2) CP 9/14/2018 75,000,000 74,661,225
PNC Bank 1.45% 2019 3,340,000 3,293,708
PNC Bank 2.30% 2020 250,000 246,266
PNC Bank 2.55% 2021 8,000,000 7,804,448
PNC Financial Services Group, Inc. 2.854% 2022 1,445,000 1,406,781
PNC Financial Services Group, Inc. 3.90% 2024 2,000,000 2,005,296
PacifiCorp., First Mortgage Bonds, 3.60% 2024 6,695,000 6,754,224
PacifiCorp., First Mortgage Bonds, 5.65% 2018 1,250,000 1,251,313
Pacific Gas and Electric Co. 3.25% 2023 1,220,000 1,165,798
Pacific Gas and Electric Co. 3.30% 2027 3,855,000 3,467,041
Pacific Gas and Electric Co. 3.30% 2027 1,545,000 1,398,491
Pacific Gas and Electric Co. 3.40% 2024 1,310,000 1,225,656
Pacific Gas and Electric Co. 3.85% 2023 6,929,000 6,837,530
Pacific Gas and Electric Co. 3.95% 2047 1,250,000 1,072,765
Peabody Energy Corp. 6.00% 2022 1,000,000 1,016,250
Peabody Energy Corp. 6.375% 2025 600,000 618,750
Petróleos Mexicanos 5.35% 2028 1,820,000 1,727,180
Petróleos Mexicanos 6.35% 2048 1,230,000 1,119,300
Petróleos Mexicanos 6.75% 2047 5,240,000 4,993,720
Petsmart Inc., Term Loan B-2, (3-month USD-LIBOR + 3.00%) 5.341% 2022 6,025,000 5,005,269
Petsmart, Inc. 5.875% 2025 17,985,000 13,893,413
Petsmart, Inc. 8.875% 2025 10,415,000 6,899,938
Philip Morris International Inc. 1.875% 2021 2,000,000 1,936,964
Philip Morris International Inc. 2.00% 2020 2,000,000 1,968,256
Philip Morris International Inc. 2.375% 2022 1,960,000 1,876,283
Philip Morris International Inc. 2.625% 2022 2,395,000 2,335,068
Philip Morris International Inc. 3.25% 2024 5,000,000 4,857,620
Philip Morris International Inc. 4.25% 2044 2,050,000 1,945,237
Phillips 66 3.90% 2028 1,645,000 1,608,048
Phillips 66 Partners LP 3.55% 2026 335,000 313,703
Phillips 66 Partners LP 3.75% 2028 1,055,000 987,564
Phillips 66 Partners LP 4.68% 2045 800,000 752,102
Phillips 66 Partners LP 4.90% 2046 5,975,000 5,744,078
Pioneer Natural Resources Co. 3.45% 2021 3,345,000 3,353,837
Pisces Parent, LLC 8.00% 2026 1,895,000 1,832,086
Platform Specialty Products Corp. 5.875% 2025 1,675,000 1,639,406
Procter & Gamble Co. 1.70% 2021 825,000 794,162
Prudential Financial, Inc. 3.50% 2024 4,000,000 3,969,396
Public Service Co. of Colorado 2.25% 2022 2,000,000 1,915,196
Public Service Enterprise Group Inc. 2.25% 2026 385,000 348,091
Public Service Enterprise Group Inc. 2.65% 2022 1,900,000 1,830,399
Public Storage 2.37% 2022 1,115,000 1,071,066
Puget Energy, Inc. 3.65% 2025 3,135,000 3,054,641
Puget Energy, Inc. 5.625% 2022 1,965,000 2,085,321
Puget Energy, Inc. 6.00% 2021 1,823,000 1,950,924
Puget Energy, Inc. 6.50% 2020 1,245,000 1,333,968
QGOG Constellation SA 9.50% 2024 853,332 360,533
Qatar (State of) 3.875% 2023 1,490,000 1,491,693
Qatar (State of) 4.50% 2028 1,060,000 1,071,761
Qatar (State of) 5.103% 2048 1,800,000 1,798,614
Quebec (Province of) 2.375% 2022 6,232,000 6,098,012
Quebec (Province of) 2.75% 2027 9,000,000 8,664,300
Quintiles Transnational Corp. 4.875% 2023 2,475,000 2,512,125
R.R. Donnelley & Sons Co. 6.50% 2023 3,310,000 3,276,900
R.R. Donnelley & Sons Co. 7.875% 2021 4,625,000 4,717,500
Rabobank Nederland 1.375% 2019 4,140,000 4,071,119
Rabobank Nederland 2.75% 2022 2,825,000 2,755,852
Rabobank Nederland 4.375% 2025 5,500,000 5,398,861
Rayonier Advanced Materials Inc. 5.50% 2024 3,304,000 3,122,280
Reckitt Benckiser Group PLC 2.375% 2022 2,275,000 2,175,685
Reynolds American Inc. 3.25% 2020 1,035,000 1,033,402
Reynolds American Inc. 4.00% 2022 1,035,000 1,042,365
Reynolds American Inc. 4.45% 2025 5,705,000 5,741,786
Reynolds American Inc. 5.70% 2035 755,000 812,350
Reynolds American Inc. 5.85% 2045 2,030,000 2,226,309
Reynolds Group Inc. 5.75% 2020 3,629,308 3,647,455
Roche Holdings, Inc. 1.75% 2022 2,340,000 2,225,321
Roche Holdings, Inc. 2.875% 2021 8,625,000 8,544,926
Roche Holdings, Inc. 3.00% 2025 6,000,000 5,796,120
Roche Holdings, Inc. 3.35% 2024 1,200,000 1,193,068
Rockwell Collins, Inc. 1.95% 2019 1,125,000 1,114,340
Rockwell Collins, Inc. 2.80% 2022 3,025,000 2,949,451
Roper Technologies, Inc. 2.80% 2021 2,065,000 2,018,172
Roper Technologies, Inc. 3.80% 2026 835,000 810,947
Rotech Healthcare Inc., Term Loan B, (3-month USD-LIBOR + 3.75%) 6.087% 2023 3,701,719 3,701,719
Rotech Healthcare Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.325% 2023 7,325,095 6,686,910
Royal Bank of Canada 1.875% 2020 7,000,000 6,891,129
Ryerson Inc. 11.00% 2022 6,190,000 6,824,475
SM Energy Co. 6.50% 2021 1,325,000 1,356,303
Sabine Pass Liquefaction, LLC 4.20% 2028 8,775,000 8,451,808
Sabine Pass Liquefaction, LLC 5.875% 2026 1,235,000 1,326,141
Sales Tax Securitization Corp., Sales Tax Rev. Ref. Bonds, Series 2017-B, 3.587% 2043 2,000,000 1,906,040
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 4,090,000 3,793,475
Santander Drive Auto Receivables Trust, Series 2015-3, Class C, 2.74% 2021 3,603,912 3,604,160
Santander Drive Auto Receivables Trust, Series 2015-4, Class C, 2.97% 2021 273,118 273,378
Santander Drive Auto Receivables Trust, Series 2016-1, Class B, 2.47% 2020 46,852 46,847
Santander Drive Auto Receivables Trust, Series 2017-1, Class A2, 1.49% 2020 16,927 16,918
Santander Drive Auto Receivables Trust, Series 2017-1, Class A3, 1.77% 2020 1,255,000 1,252,646
Santander Drive Auto Receivables Trust, Series 2017-1, Class B, 2.10% 2021 740,000 735,920
Santander Drive Auto Receivables Trust, Series 2017-1, Class C, 2.58% 2022 740,000 735,027
Saudi Arabia (Kingdom of) 3.625% 2028 2,060,000 1,963,221
Saudi Arabia (Kingdom of) 4.50% 2030 1,200,000 1,200,923
Saudi Arabia (Kingdom of) 4.625% 2047 1,330,000 1,242,938
Saudi Arabia (Kingdom of) 5.00% 2049 630,000 614,288
Scentre Group 3.25% 2025 2,000,000 1,885,910
Scentre Group 3.50% 2025 4,075,000 3,931,947
Scentre Group 3.75% 2027 2,930,000 2,817,509
Schlumberger BV 3.625% 2022 2,800,000 2,802,260
Schlumberger BV 4.00% 2025 4,056,000 4,047,628
Sequoia Mortgage Trust, Series 2018-CH1, Class A1, 4% 2048 4,961,823 5,019,176
Shell International Finance BV 1.875% 2021 2,000,000 1,939,614
Shell International Finance BV 2.25% 2020 1,965,000 1,933,924
Sherwin-Williams Co. 2.25% 2020 2,250,000 2,213,539
Sherwin-Williams Co. 2.75% 2022 1,185,000 1,147,963
Sherwin-Williams Co. 3.125% 2024 550,000 525,805
Sherwin-Williams Co. 3.45% 2027 1,395,000 1,319,165
Shire PLC 1.90% 2019 2,130,000 2,098,059
Shire PLC 2.40% 2021 5,688,000 5,449,195
Shire PLC 2.875% 2023 4,765,000 4,485,966
Shire PLC 3.20% 2026 1,500,000 1,376,532
Siemens AG 2.70% 2022 3,360,000 3,274,579
Sierra Pacific Power Co., General and Refunding Mortgage Notes, Series T, 3.375% 2023 3,500,000 3,486,123
Sirius XM Radio Inc. 3.875% 2022 3,450,000 3,346,500
Skandinaviska Enskilda Banken AB 1.875% 2021 3,350,000 3,193,746
Skandinaviska Enskilda Banken AB 2.375% 2019 2,400,000 2,392,822
Skandinaviska Enskilda Banken AB 2.625% 2021 250,000 245,530
Skandinaviska Enskilda Banken AB 2.80% 2022 1,400,000 1,364,604
South Carolina Electric & Gas Co. 4.10% 2046 2,595,000 2,366,912
Southwestern Energy Co. 4.10% 2022 10,660,000 10,233,600
Staples Inc. 8.50% 2025 1,915,000 1,790,525
Starbucks Corp. 3.10% 2023 2,688,000 2,637,189
Starwood Property Trust, Inc. 5.00% 2021 2,700,000 2,727,000
Statoil ASA 2.75% 2021 1,925,000 1,899,322
Statoil ASA 3.25% 2024 2,850,000 2,807,564
Statoil ASA 4.25% 2041 2,000,000 1,987,380
Sunoco LP 4.875% 2023 990,000 952,875
Svenska Handelsbanken AB 1.95% 2020 1,714,000 1,668,147
Symphony CLO Ltd, Series 2013-12A, Class AR, CLO, (3-month USD-LIBOR + 1.03%) 3.378% 2025 8,633,425 8,642,144
TAL Advantage V LLC, Series 2013-2A, Class A, 3.55% 2038 1,419,167 1,409,081
TAL Advantage V LLC, Series 2014-1A, Class A, 3.51% 2039 1,303,333 1,294,377
TEEKAY OFFSHORE PARTNERS LP 8.50% 2023 3,400,000 3,442,500
Talen Energy Corp. 10.50% 2026 675,000 604,125
Talen Energy Corp. 9.50% 2022 2,795,000 2,758,330
Tampa Electric Co. 4.35% 2044 3,805,000 3,856,040
Targa Resources Partners LP 4.125% 2019 6,255,000 6,270,638
Targa Resources Partners LP 6.75% 2024 2,065,000 2,173,413
Team Health Holdings, Inc. 6.375% 2025 4,660,000 4,030,900
Teekay Corp. 8.50% 2020 17,280,000 17,884,800
Tenet Healthcare Corp. 4.375% 2021 3,650,000 3,608,938
Tenet Healthcare Corp. 4.50% 2021 4,075,000 4,054,625
Tenet Healthcare Corp. 4.625% 2024 3,153,000 2,998,345
Tenet Healthcare Corp. 4.75% 2020 3,290,000 3,314,675
Tenet Healthcare Corp., 6.00% 2020 10,905,000 11,245,781
Teva Pharmaceutical Finance Company BV 2.20% 2021 7,965,000 7,392,587
Teva Pharmaceutical Finance Company BV 2.80% 2023 19,286,000 16,671,493
Teva Pharmaceutical Finance Company BV 3.15% 2026 12,983,000 10,449,303
Teva Pharmaceutical Finance Company BV 4.10% 2046 3,550,000 2,544,622
Teva Pharmaceutical Finance Company BV 6.00% 2024 1,780,000 1,779,703
Teva Pharmaceutical Finance Company BV 6.75% 2028 865,000 882,852
Thermo Fisher Scientific Inc. 4.15% 2024 2,000,000 2,031,652
Time Warner Inc. 3.80% 2027 605,000 573,078
Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75% 2056 4,765,965 4,684,543
Toyota Motor Credit Corp. 3.05% 2028 2,430,000 2,313,732
TransCanada Corp. 6.50% 2018 475,000 477,259
TransCanada PipeLines Ltd. 4.25% 2028 2,190,000 2,200,324
TransCanada PipeLines Ltd. 4.75% 2038 8,000,000 8,017,272
TransCanada PipeLines Ltd. 4.875% 2048 3,000,000 3,039,798
Transocean Inc. 9.00% 2023 3,454,000 3,730,320
Travelers Companies, Inc. 4.00% 2047 1,735,000 1,671,541
Trilogy International Partners, LLC 8.875% 2022 7,250,000 7,358,750
Triton Container Finance LLC, Series 2017-1A, Class A, 3.52% 2042 2,203,513 2,172,105
Triton Container Finance LLC, Series 2017-2A, Class A, 3.62% 2042 1,891,947 1,860,768
U S TREASURY BILL 10/11/2018 52,100,000 51,818,139
U S TREASURY BILL 10/4/2018 100,000,000 99,507,000
U S TREASURY BILL 11/1/2018 20,000,000 19,866,200
U S TREASURY BILL 7/19/2018 250,000,000 249,795,000
U S TREASURY BILL 7/26/2018 129,500,000 129,351,075
U S TREASURY BILL 7/5/2018 110,400,000 110,384,544
U S TREASURY BILL 8/16/2018 62,300,000 62,159,202
U S TREASURY BILL 8/2/2018 83,500,000 83,373,080
U S TREASURY BILL 9/6/2018 20,100,000 20,028,444
U.S. Treasury 0.875% 2019 30,000,000 29,452,200
U.S. Treasury 1.125% 2019 35,000,000 34,745,550
U.S. Treasury 1.125% 2021 42,000,000 40,068,840
U.S. Treasury 1.25% 2019 5,000,000 4,956,750
U.S. Treasury 1.25% 2019 7,500,000 7,443,450
U.S. Treasury 1.25% 2020 78,000,000 76,405,680
U.S. Treasury 1.25% 2020 298,117,000 292,428,928
U.S. Treasury 1.375% 2019 4,500,000 4,430,115
U.S. Treasury 1.375% 2020 61,500,000 60,308,130
U.S. Treasury 1.375% 2020 55,000,000 54,022,100
U.S. Treasury 1.375% 2021 49,410,000 47,900,030
U.S. Treasury 1.375% 2021 13,500,000 13,045,590
U.S. Treasury 1.375% 2021 23,500,000 22,678,440
U.S. Treasury 1.375% 2023 5,000,000 4,669,150
U.S. Treasury 1.375% 2023 8,000,000 7,460,560
U.S. Treasury 1.50% 2019 400,000,000 398,400,000
U.S. Treasury 1.50% 2019 39,825,000 39,292,142
U.S. Treasury 1.50% 2020 500,000 490,365
U.S. Treasury 1.50% 2026 500,000 451,230
U.S. Treasury 1.625% 2020 125,000,000 122,661,250
U.S. Treasury 1.625% 2020 10,000,000 9,852,300
U.S. Treasury 1.625% 2023 5,000,000 4,745,800
U.S. Treasury 1.625% 2026 7,000,000 6,419,350
U.S. Treasury 1.625% 2026 1,500,000 1,371,225
U.S. Treasury 1.75% 2019 21,800,000 21,619,060
U.S. Treasury 1.75% 2021 9,500,000 9,217,755
U.S. Treasury 1.875% 2019 15,500,000 15,363,135
U.S. Treasury 1.875% 2022 100,000,000 97,196,000
U.S. Treasury 1.875% 2022 5,000,000 4,839,600
U.S. Treasury 1.875% 2022 8,000,000 7,731,680
U.S. Treasury 2.00% 2022 25,000,000 24,259,750
U.S. Treasury 2.00% 2024 12,000,000 11,490,240
U.S. Treasury 2.00% 2024 7,500,000 7,170,450
U.S. Treasury 2.00% 2025 44,800,000 42,422,016
U.S. Treasury 2.00% 2026 8,000,000 7,492,160
U.S. Treasury 2.125% 2022 47,000,000 45,804,790
U.S. Treasury 2.125% 2024 15,500,000 14,914,410
U.S. Treasury 2.125% 2024 10,000,000 9,649,800
U.S. Treasury 2.125% 2024 52,500,000 50,696,625
U.S. Treasury 2.125% 2024 10,250,000 9,849,840
U.S. Treasury 2.25% 2021 9,730,000 9,619,759
U.S. Treasury 2.25% 2023 5,000,000 4,866,000
U.S. Treasury 2.25% 2024 5,000,000 4,863,250
U.S. Treasury 2.25% 2024 8,000,000 7,741,040
U.S. Treasury 2.25% 2027 126,075,000 120,230,163
U.S. Treasury 2.375% 2023 5,000,000 4,923,950
U.S. Treasury 2.375% 2024 70,000,000 68,315,100
U.S. Treasury 2.375% 2027 880,000 846,710
U.S. Treasury 2.50% 2023 29,000,000 28,702,460
U.S. Treasury 2.50% 2024 700,000 688,793
U.S. Treasury 2.50% 2025 10,000,000 9,813,200
U.S. Treasury 2.50% 2046 5,000,000 4,536,650
U.S. Treasury 2.625% 2023 3,628,000 3,609,134
U.S. Treasury 2.625% 2025 4,966,000 4,906,954
U.S. Treasury 2.75% 2023 31,326,000 31,344,482
U.S. Treasury 2.875% 2025 14,751,000 14,802,481
U.S. Treasury 2.875% 2028 11,636,000 11,650,545
U.S. Treasury 2.875% 2046 147,158,000 143,795,440
U.S. Treasury 3.00% 2047 70,000,000 70,103,600
U.S. Treasury 3.00% 2047 28,460,000 28,484,191
U.S. Treasury 3.00% 2048 10,740,000 10,752,136
U.S. Treasury 4.75% 2041 15,000,000 19,407,000
U.S. Treasury Inflation-Protected Security 0.125% 2021 39,541,898 38,933,550
U.S. Treasury Inflation-Protected Security 0.125% 2024 685,952 666,814
U.S. Treasury Inflation-Protected Security 0.125% 2026 20,907,600 20,029,900
U.S. Treasury Inflation-Protected Security 0.25% 2025 1,687,430 1,641,249
U.S. Treasury Inflation-Protected Security 0.375% 2025 16,219,731 15,933,530
U.S. Treasury Inflation-Protected Security 0.375% 2027 18,412,785 17,888,841
U.S. Treasury Inflation-Protected Security 0.375% 2027 5,121,850 4,982,390
U.S. Treasury Inflation-Protected Security 0.50% 2028 74,920,413 73,286,186
U.S. Treasury Inflation-Protected Security 0.625% 2024 219,285,767 219,008,272
U.S. Treasury Inflation-Protected Security 0.625% 2026 23,490,770 23,363,735
U.S. Treasury Inflation-Protected Security 0.75% 2042 19,062,296 18,607,668
U.S. Treasury Inflation-Protected Security 0.875% 2047 15,570,900 15,555,930
U.S. Treasury Inflation-Protected Security 1.00% 2046 5,287,750 5,443,290
U.S. Treasury Inflation-Protected Security 1.375% 2044 137,918,607 153,890,115
U.S. Treasury Inflation-Protected Security 2.375% 2025 199,404 221,099
UBS Group AG 4.125% 2025 2,750,000 2,732,469
UDR, Inc. 2.95% 2026 1,510,000 1,386,431
UNITED PARCEL SERVICE INC 4(2) CP 8/14/2018 50,000,000 49,878,600
US Bancorp 2.375% 2026 5,250,000 4,780,256
US Bancorp 2.625% 2022 1,805,000 1,767,803
US Bancorp 3.15% 2027 9,250,000 8,848,726
US Bancorp 3.70% 2024 7,000,000 7,065,359
Ultra Petroleum Corp. 6.875% 2022 4,860,000 3,705,750
Ultra Petroleum Corp. 7.125% 2025 1,775,000 1,255,813
UniCredit SPA 3.75% 2022 8,350,000 7,973,991
UniCredit SPA 4.625% 2027 1,250,000 1,163,724
UniCredit SPA 5.861% 2032 4,800,000 4,285,714
Union Pacific Corp. 3.75% 2025 5,030,000 5,047,228
Union Pacific Corp. 3.95% 2018 3,750,000 3,774,053
Unisys Corp. 10.75% 2022 3,125,000 3,515,625
United Technologies Corp. 3.125% 2027 7,000,000 6,513,206
Vale SA 6.25% 2026 3,340,000 3,625,570
Valeant Pharmaceuticals International, Inc. 6.125% 2025 22,200,000 20,535,000
Valeant Pharmaceuticals International, Inc. 9.00% 2025 800,000 833,000
Valeant Pharmaceuticals International, Inc. 9.25% 2026 4,060,000 4,227,475
Veritas Holdings Limited 7.50% 2023 1,275,000 1,198,500
Verizon Communications Inc. 4.125% 2046 2,228,000 1,909,131
Verizon Communications Inc. 4.40% 2034 1,959,000 1,831,142
Verizon Communications Inc. 4.50% 2033 2,668,000 2,591,847
Verizon Owner Trust, Series 2016-2A, Class A, 1.68% 2021 5,925,000 5,865,140
Verizon Owner Trust, Series 2017-1A, Class A, 2.06% 2021 8,215,000 8,123,945
Verizon Owner Trust, Series 2017-2A, Class A, 1.92% 2021 7,900,000 7,790,846
Vine Oil & Gas LP 8.75% 2023 2,500,000 2,318,750
Virgin Australia Holdings Ltd. 8.50% 2019 2,500,000 2,534,375
Virginia Electric and Power Co. 2.95% 2026 1,700,000 1,593,595
Virginia Electric and Power Co. 3.50% 2027 4,300,000 4,226,612
Visa Inc. 2.80% 2022 2,000,000 1,962,734
Visa Inc. 3.15% 2025 10,000,000 9,681,850
Vodafone Group PLC 3.75% 2024 6,750,000 6,698,059
Vodafone Group PLC 4.125% 2025 11,500,000 11,457,232
Vodafone Group PLC 4.375% 2028 2,250,000 2,225,156
Vodafone Group PLC 5.00% 2038 2,500,000 2,476,103
Vodafone Group PLC 5.25% 2048 3,200,000 3,204,541
WAL-MART STORES 4(2) CP 7/2/2018 25,000,000 24,995,950
WALMART INC 4(2) CP 7/10/2018 39,700,000 39,675,902
WEA Finance LLC 2.70% 2019 200,000 199,201
WEA Finance LLC 3.25% 2020 4,105,000 4,097,972
WI TREASURY NOTE 2.75% 06-30-25 29,820,000 29,682,530
Wachovia Bank Commercial Mortgage Trust, Series 2007-C33, Class AM, 6.209% 2051 1,496,691 1,536,727
Wal-Mart Stores, Inc. 3.40% 2023 6,580,000 6,631,146
Wal-Mart Stores, Inc. 3.55% 2025 3,052,000 3,073,547
Wal-Mart Stores, Inc. 3.70% 2028 2,047,000 2,062,977
Wal-Mart Stores, Inc. 4.05% 2048 2,289,000 2,296,464
Warrior Met Coal, Inc. 8.00% 2024 1,975,000 2,044,125
Weatherford International PLC 4.50% 2022 5,370,000 4,955,866
Weatherford International PLC 6.50% 2036 7,595,000 5,981,063
Weatherford International PLC 6.75% 2040 7,825,000 6,240,438
Weatherford International PLC 8.25% 2023 5,800,000 5,768,622
Weatherford International PLC 9.875% 2024 1,000,000 1,014,680
Weatherford International PLC 9.875% 2025 2,550,000 2,575,500
Wells Fargo & Co. 2.50% 2021 7,500,000 7,338,600
Wells Fargo & Co. 3.00% 2026 4,500,000 4,187,129
Wells Fargo & Co. 3.069% 2023 3,750,000 3,647,756
Wells Fargo & Co. 3.584% 2028 (3-month USD-LIBOR +1.310 on 05/15/2027) 2,184,000 2,094,109
Western Gas Partners LP 4.65% 2026 925,000 909,900
Westfield Corp. Ltd. 3.15% 2022 5,615,000 5,507,669
Westlake Automobile Receivables Trust, Series 2017-1A, Class A2, 1.78% 2020 292,254 291,900
Westlake Chemical Corp. 4.375% 2047 2,915,000 2,694,778
Westpac Banking Corp. 2.15% 2020 12,000,000 11,808,912
Westpac Banking Corp. 2.75% 2023 3,500,000 3,338,909
Wheels SPV 2 LLC, Series 2016-1A, Class A2, 1.59% 2025 348,918 347,471
Williams Partners LP 3.60% 2022 1,500,000 1,493,556
Williams Partners LP 4.30% 2024 160,000 160,706
Wind Tre SpA 5.00% 2026 6,500,000 5,185,115
World Financial Network Credit Card Master Note Trust, Series 2012-A, Class A, 3.14% 2023 14,170,000 14,209,804
World Financial Network Credit Card Master Note Trust, Series 2016-B, Class A, 1.44% 2022 4,000,000 3,994,484
World Financial Network Credit Card Master Note Trust, Series 2018-A, Class A, 3.07% 2024 7,000,000 6,972,602
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 2023 4,018,000 3,832,168
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.25% 2027 1,400,000 1,310,750
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.50% 2025 4,425,000 4,358,625
Xcel Energy Inc. 4.00% 2028 6,265,000 6,274,460
Ziggo Bond Finance BV 5.50% 2027 9,325,000 8,733,795
Zimmer Holdings, Inc. 3.15% 2022 6,070,000 5,962,537

For financial professionals only. Not for use with the public. Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses for the American Funds and the American Funds Insurance Series® , which can be obtained from a financial professional and should be read carefully before investing.

*Excludes certain securities in initial period of acquisition.