Portfolio Holdings - American Funds Insurance Series - Bond Fund | Capital Group

Portfolio Holdings

American Funds Insurance Series - Bond Fund

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

Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
Adelphia Recovery Trust, Series ACC-1 2,409,545 1,205 0.00
Corporate Risk Holdings Corp. 355 0 0.00
Corporate Risk Holdings I, Inc. 70,193 49,135 0.00
Cumulus Media Inc., Class A 11,159 190,596 0.00
Cumulus Media Inc., Class B 13,561 231,622 0.00
Tribune Resources, Inc. 83,079 261,699 0.00
Tribune Resources, Inc., Class A, warrants, expire 2023 112,665 50,350 0.00
Tribune Resources, Inc., Class B, warrants, expire 2023 87,629 30,784 0.00
Tribune Resources, Inc., Class C, warrants, expire 2023 17,050 4,875 0.00
Fixed-Income Securities* Shares or Principal Amount Market Value
3M Co. 2.25% 2023 646,000 621,646
3M Co. 3.625% 2028 7,670,000 7,666,288
ABN AMRO Bank NV 2.65% 2021 3,000,000 2,949,450
ACE INA Holdings Inc. 2.30% 2020 2,005,000 1,969,040
ACE INA Holdings Inc. 2.875% 2022 3,625,000 3,549,691
ACE INA Holdings Inc. 3.35% 2026 2,525,000 2,455,578
ACE INA Holdings Inc. 4.35% 2045 2,220,000 2,268,824
AEP Transmission Company LLC 4.25% 2048 485,000 484,481
ARAMARK Corp. 5.125% 2024 1,200,000 1,215,900
AT&T Inc. (US 3 Month Libor + 1.18%) 3.514% 2024 3,560,000 3,578,775
AT&T Inc. 3.40% 2025 21,015,000 20,027,715
AT&T Inc. 4.125% 2026 11,300,000 11,177,734
AXA Equitable Holdings, Inc. 3.90% 2023 2,215,000 2,200,696
AXA Equitable Holdings, Inc. 4.35% 2028 250,000 242,194
AXA SA 5.0% 2048 7,740,000 7,226,753
AbbVie Inc. 2.50% 2020 16,315,000 16,136,367
AbbVie Inc. 2.85% 2023 4,300,000 4,143,463
AbbVie Inc. 2.90% 2022 5,565,000 5,410,443
AbbVie Inc. 3.20% 2022 11,070,000 10,889,160
AbbVie Inc. 3.20% 2026 500,000 466,182
AbbVie Inc. 4.45% 2046 1,615,000 1,499,976
Abbott Laboratories 2.90% 2021 23,405,000 23,130,623
Abbott Laboratories 3.40% 2023 1,437,000 1,432,567
Abbott Laboratories 3.75% 2026 4,663,000 4,656,402
Abbott Laboratories 4.75% 2036 4,565,000 4,867,851
Abu Dhabi National Energy Co. PJSC (TAQA) 4.375% 2025 10,000,000 9,982,200
Abu Dhabi National Energy Co. PJSC (TAQA) 4.875% 2030 4,570,000 4,586,566
Airbus Group SE 2.70% 2023 2,120,000 2,051,452
Alexandria Real Estate Equities, Inc. 2.75% 2020 1,575,000 1,561,175
Alexandria Real Estate Equities, Inc. 3.95% 2028 1,485,000 1,426,852
Alexandria Real Estate Equities, Inc. 4.50% 2029 150,000 149,602
Allergan PLC 3.00% 2020 7,275,000 7,268,889
Allergan PLC 3.45% 2022 9,560,000 9,506,875
Allergan PLC 3.80% 2025 3,930,000 3,852,351
Allergan, Inc. 5.00% 2021 1,694,000 1,757,894
Alliant Energy Finance LLC 3.75% 2023 750,000 747,309
Alliant Energy Finance LLC 4.25% 2028 500,000 497,127
Allstate Corp. 4.20% 2046 205,000 200,828
Ally Financial Inc. 4.25% 2021 34,100,000 34,423,950
Ally Financial Inc. 5.125% 2024 22,800,000 23,541,000
Ally Financial Inc. 8.00% 2031 12,895,000 15,683,544
Ally Financial Inc. 8.00% 2031 9,120,000 11,092,200
Altria Group, Inc. 2.85% 2022 4,800,000 4,692,571
Altria Group, Inc. 4.50% 2043 2,900,000 2,803,186
Amazon.com, Inc. 3.15% 2027 12,000,000 11,514,144
Amazon.com, Inc. 4.05% 2047 155,000 152,051
AmeriCredit Automobile Receivables Trust, Series 2016-1, Class C, 2.89% 2022 1,985,000 1,983,150
AmeriCredit Automobile Receivables Trust, Series 2017-1, Class C, 2.71% 2022 5,970,000 5,892,665
American Campus Communities, Inc. 3.35% 2020 2,810,000 2,802,517
American Campus Communities, Inc. 3.625% 2027 305,000 285,590
American Campus Communities, Inc. 3.75% 2023 2,900,000 2,868,016
American Electric Power Co., Inc. 3.20% 2027 1,000,000 938,130
American Express Co. 2.20% 2020 14,400,000 14,102,654
American International Group, Inc. 4.20% 2028 11,950,000 11,840,359
American International Group, Inc. 4.75% 2048 10,680,000 10,475,083
American Tower Corp. 3.40% 2019 7,225,000 7,238,229
Anadarko Petroleum Corp. 4.85% 2021 4,205,000 4,323,165
Anadarko Petroleum Corp. 5.55% 2026 9,920,000 10,555,743
Anadarko Petroleum Corp. 6.60% 2046 6,505,000 7,665,765
Anheuser-Busch InBev NV 2.65% 2021 5,575,000 5,498,132
Anheuser-Busch InBev NV 3.50% 2024 1,070,000 1,059,865
Anheuser-Busch InBev NV 3.65% 2026 17,935,000 17,419,817
Anheuser-Busch InBev NV 4.60% 2048 4,496,000 4,365,337
Anheuser-Busch InBev NV 4.90% 2046 1,000,000 1,005,872
Anthem, Inc. 4.101% 2028 8,000,000 7,890,840
Apple Inc. 1.55% 2021 11,630,000 11,159,881
Apple Inc. 2.90% 2027 12,500,000 11,786,513
Apple Inc. 3.00% 2024 170,000 166,737
Apple Inc. 3.20% 2027 510,000 493,324
Apple Inc. 3.35% 2027 502,000 491,318
Ascent Resources Marcellus Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 6.50%) 8.62% 2023 91,667 92,316
Assicurazioni Generali SPA 10.125% 2042 (3-month EUR-EURIBOR + 9.181% on 7/10/2022) 3,800,000 5,551,431
Assicurazioni Generali SPA 7.75% 2042 (3-month EUR-EURIBOR + 7.113% on 12/12/2022) 3,100,000 4,239,253
AstraZeneca PLC 2.375% 2022 370,000 355,639
AstraZeneca PLC 3.50% 2023 1,080,000 1,070,618
AstraZeneca PLC 4.00% 2029 1,500,000 1,475,660
BANK OF TOKYO MIT UFJ NEW YORK CP 10/3/2018 150,000,000 149,954,550
BB&T Corp. 2.45% 2020 5,000,000 4,963,035
BHP Billiton Finance Ltd. 6.25% 2075 (USD Semi Annual 30/360 (vs. 3M LIBOR) 5Y + 4.971% on 10/19/2020) 4,765,000 4,981,808
BNP Paribas 3.375% 2025 1,500,000 1,421,510
BNP Paribas 3.50% 2023 16,275,000 15,887,704
BNSF Funding Trust I 6.613% 2055 (3-month USD-LIBOR + 2.35% on 1/15/2026) 1,680,000 1,869,000
Baker Hughes, a GE Co. 3.337% 2027 1,000,000 940,757
Baker Hughes, a GE Co. 4.08% 2047 335,000 304,276
Bank of America Corp. 2.816% 2023 (3-month USD-LIBOR + 0.93% on 7/21/2022) 39,485,000 38,169,241
Bank of America Corp. 3.124% 2023 (3-month USD-LIBOR + 1.16% on 1/20/2022) 37,000,000 36,347,431
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027) 10,129,000 9,511,870
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR + 0.78% on 3/5/2023) 876,000 866,257
Bank of America Corp. 3.97% 2029 (3-month USD-LIBOR + 1.07% on 3/5/2028) 17,291,000 16,887,100
Bank of America Corp. 4.271% 2029 (3-month USD-LIBOR +1.31% on 07/23/2028) 10,355,000 10,345,391
Barclays Bank PLC 4.972% 2029 (3-month USD-LIBOR + 1.902% on 5/16/2028) 2,800,000 2,768,298
Baxalta Inc. 4.00% 2025 126,000 124,795
Bayer US Finance II LLC 3.875% 2023 8,783,000 8,732,138
Bayer US Finance II LLC 4.25% 2025 8,370,000 8,314,666
Bayer US Finance II LLC 4.375% 2028 15,166,000 14,879,514
Bayer US Finance II LLC 4.875% 2048 4,730,000 4,605,691
Bayerische Motoren Werke AG 1.45% 2019 13,110,000 12,952,247
Becton, Dickinson and Co. 2.894% 2022 1,040,000 1,011,856
Becton, Dickinson and Co. 3.70% 2027 1,240,000 1,187,646
Becton, Dickinson and Co. 3.734% 2024 903,000 885,334
Becton, Dickinson and Co. 4.669% 2047 3,595,000 3,564,212
Berkshire Hathaway Energy Co. 2.375% 2021 100,000 98,414
Berkshire Hathaway Energy Co. 4.45% 2049 1,000,000 999,794
Berkshire Hathaway Energy Co. 4.50% 2045 5,895,000 5,911,919
Berkshire Hathaway Finance Corp. 4.20% 2048 10,525,000 10,462,713
BlueMountain Ltd., Series 2014-2A, CLO, Class AR, (3-month USD LIBOR + 0.93%) 3.277% 2026 8,280,000 8,284,057
Boardwalk Pipeline Partners, LP 3.375% 2023 1,900,000 1,838,864
Boston Scientific Corp. 2.85% 2020 470,000 466,789
Boston Scientific Corp. 3.375% 2022 700,000 693,085
Boston Scientific Corp. 3.85% 2025 500,000 498,715
Boston Scientific Corp. 6.00% 2020 3,575,000 3,700,826
British American Tobacco International Finance PLC 2.75% 2020 5,050,000 4,999,212
British American Tobacco International Finance PLC 3.50% 2022 3,520,000 3,486,183
British American Tobacco International Finance PLC 3.95% 2025 5,350,000 5,226,410
British American Tobacco PLC 2.764% 2022 465,000 448,411
British American Tobacco PLC 3.222% 2024 2,000,000 1,908,268
British American Tobacco PLC 3.557% 2027 11,960,000 11,152,329
British American Tobacco PLC 4.39% 2037 2,000,000 1,864,310
British American Tobacco PLC 4.54% 2047 2,500,000 2,296,440
Broadcom Ltd. 3.00% 2022 23,000,000 22,421,113
Broadcom Ltd. 3.625% 2024 11,200,000 10,874,606
Broadcom Ltd. 3.875% 2027 22,685,000 21,431,744
Burlington Northern Santa Fe LLC 4.15% 2048 325,000 321,624
CCO Holdings LLC and CCO Holdings Capital Corp. 3.579% 2020 6,505,000 6,511,603
CCO Holdings LLC and CCO Holdings Capital Corp. 3.75% 2028 750,000 691,672
CCO Holdings LLC and CCO Holdings Capital Corp. 4.20% 2028 985,000 943,524
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 2024 500,000 502,682
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2027 4,800,000 4,562,928
CCO Holdings LLC and CCO Holdings Capital Corp. 5.375% 2047 6,315,000 6,041,295
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2048 12,370,000 12,406,120
CHARTA LLC 4(2) CP 10/19/2018 26,600,000 26,565,979
CHARTA LLC 4(2) CP 11/19/2018 45,000,000 44,855,235
CME Group Inc. 4.15% 2048 1,300,000 1,299,371
CMS Energy Corp. 5.05% 2022 2,569,000 2,684,222
COCA-COLA COMPANY (THE) 4(2) CP 11/19/2018 25,000,000 24,920,050
COCA-COLA COMPANY (THE) 4(2) CP 11/20/2018 50,000,000 49,836,900
CPS Auto Receivables Trust, Series 2016-A, Class B, 3.34% 2020 2,201,982 2,203,186
CPS Auto Receivables Trust, Series 2017-B, Class C, 2.92% 2022 5,700,000 5,658,299
CSX Corp. 3.80% 2028 1,490,000 1,470,772
CSX Corp. 4.30% 2048 1,500,000 1,472,009
CVS Health Corp. 2.125% 2021 9,810,000 9,474,586
CVS Health Corp. 3.70% 2023 698,000 695,583
CVS Health Corp. 4.10% 2025 5,916,000 5,905,943
CVS Health Corp. 4.30% 2028 43,718,000 43,370,048
CVS Health Corp. 4.78% 2038 3,281,000 3,265,688
CVS Health Corp. 5.05% 2048 6,474,000 6,639,482
Canadian Natural Resources Ltd. 2.95% 2023 190,000 183,349
Canadian Natural Resources Ltd. 3.80% 2024 180,000 178,331
Capital One Financial Corp. 2.40% 2020 10,150,000 9,942,098
Capital One Financial Corp. 2.50% 2020 39,100,000 38,627,516
Capital One Financial Corp. 3.45% 2021 4,500,000 4,497,629
Capital One Financial Corp. 4.25% 2025 8,000,000 7,975,144
Cardinal Health, Inc. 4.368% 2047 375,000 337,285
Cenovus Energy Inc. 3.80% 2023 1,120,000 1,097,429
Cenovus Energy Inc. 4.25% 2027 16,430,000 15,903,829
Cenovus Energy Inc. 5.25% 2037 193,000 191,685
Cenovus Energy Inc. 5.40% 2047 25,604,000 25,851,591
Centene Corp. 4.75% 2022 200,000 202,900
Centene Corp. 4.75% 2025 325,000 325,000
Centene Corp. 5.375% 2026 16,685,000 17,143,838
Centene Corp. 5.625% 2021 1,780,000 1,817,825
Centene Corp. 6.125% 2024 375,000 395,625
CenterPoint Energy Transition Bond Co. III, LLC, Series 2008, Class A2, 5.234% 2023 639,469 651,679
Cheniere Energy, Inc. 7.00% 2024 410,000 449,975
Chevron Corp. 2.355% 2022 4,800,000 4,627,987
Chevron Corp. 2.498% 2022 605,000 591,041
Church & Dwight Co., Inc. 3.15% 2027 750,000 695,422
Cigna Corp. 3.40% 2021 7,765,000 7,741,123
Cigna Corp. 4.125% 2025 2,645,000 2,640,575
Cigna Corp. 4.375% 2028 8,675,000 8,662,291
Cigna Corp. 4.80% 2038 1,730,000 1,732,797
Cigna Corp. 4.90% 2048 2,575,000 2,581,860
Cigna Corp.3.75% 2023 8,430,000 8,407,045
Citigroup Inc. 2.75% 2022 21,000,000 20,414,079
Citigroup Inc. 2.876% 2023 (3-month USD-LIBOR + 0.95% on 7/24/2022) 25,518,000 24,703,287
Citigroup Inc. 2.90% 2021 7,500,000 7,347,480
Citigroup Inc. 3.40% 2021 10,205,000 10,206,184
Citigroup Inc. 4.044% 2024 (3-month USD-LIBOR + 1.023% on 6/1/2023) 2,265,000 2,275,725
Citigroup Inc. 4.075% 2029 (3-month USD-LIBOR + 1.192% on 4/23/2028) 687,000 674,637
Citigroup Inc. 4.65% 2048 1,040,000 1,054,450
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2009-E, 6.138% 2039 28,100,000 26,673,925
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-D, 6.519% 2040 4,500,000 4,276,440
Cleveland Electric Illuminating Co. 8.875% 2018 7,475,000 7,527,557
Columbia Pipeline Partners LP 5.80% 2045 1,410,000 1,572,319
Comcast Corp. 3.00% 2024 500,000 482,843
Comcast Corp. 3.15% 2028 7,870,000 7,301,353
Comcast Corp. 3.30% 2027 240,000 226,992
Comcast Corp. 4.00% 2047 670,000 600,826
Comcast Corp. 4.00% 2048 11,100,000 10,019,293
Commonwealth Edison Company 3.7% 2028 1,600,000 1,597,126
Concho Resources Inc. 4.30% 2028 8,660,000 8,637,960
Concho Resources Inc. 4.85% 2048 6,239,000 6,272,522
ConocoPhillips 4.95% 2026 454,000 490,289
Consolidated Edison Co. of New York 4.50% 2058 500,000 495,109
Consolidated Edison Company of New York, Inc. 3.875% 2047 9,200,000 8,584,621
Constellation Brands, Inc. 2.25% 2020 8,000,000 7,820,744
Constellation Brands, Inc. 2.65% 2022 2,285,000 2,185,767
Constellation Brands, Inc. 3.20% 2023 540,000 523,522
Constellation Brands, Inc. 3.60% 2028 1,280,000 1,199,395
Constellation Brands, Inc. 4.10% 2048 4,500,000 3,965,729
Consumers Energy Co. 3.25% 2046 3,665,000 3,136,195
Consumers Energy Co. 4.05% 2048 8,270,000 8,158,520
Continental Airlines, Inc., Series 1999-1, Class A, 6.545% 2020 160,376 161,593
Continental Airlines, Inc., Series 1999-2, Class B, 7.566% 2021 378 394
Continental Airlines, Inc., Series 2000-1, Class A-1, 8.048% 2022 359,558 374,768
Continental Airlines, Inc., Series 2000-2, Class A1, 7.707% 2022 566,957 598,480
Continental Airlines, Inc., Series 2001-1, Class A-1, 6.703% 2022 62,314 66,676
Cooperatieve Rabobank U.A. 2.75% 2023 500,000 480,804
Corporate Office Properties LP 5.00% 2025 130,000 132,291
Corporate Office Properties LP 5.25% 2024 10,000 10,308
Credit Suisse Group AG 3.574% 2023 12,000,000 11,769,108
Credit Suisse Group AG 3.80% 2023 12,925,000 12,787,504
Credit Suisse Group AG 4.207% 2024 (3-month USD-LIBOR + 1.24% on 6/12/2023) 1,800,000 1,795,271
Crédit Agricole SA 3.75% 2023 3,640,000 3,573,676
Cumulus Media New Holdings Inc., Term Loan, (3-month USD-LIBOR + 4.50%) 6.75% 2022 1,215,639 1,202,525
DCP Midstream Operating LP 4.95% 2022 500,000 508,750
DNB ASA 2.375% 2021 250,000 242,787
DTE Electric Co 4.05% 2048 355,000 349,739
DTE Energy Co. 3.30% 2022 750,000 740,890
DTE Energy Co. 3.70% 2023 825,000 824,362
DaimlerChrysler North America Holding Corp. 2.85% 2022 500,000 487,932
DaimlerChrysler North America Holding Corp. 3.00% 2021 500,000 494,469
DaimlerChrysler North America Holding Corp. 3.25% 2024 755,000 730,077
DaimlerChrysler North America Holding Corp. 3.30% 2025 5,300,000 5,101,499
DaimlerChrysler North America Holding Corp. 3.35% 2023 2,000,000 1,968,154
Danske Bank AS 2.80% 2021 750,000 732,052
Danske Bank AS 3.875% 2023 2,000,000 1,963,024
Deck Chassis Acquisition Inc. 10.00% 2023 3,000,000 3,195,000
Deutsche Bank AG 2.85% 2019 5,700,000 5,685,590
Deutsche Bank AG 3.15% 2021 24,175,000 23,634,713
Deutsche Bank AG 3.95% 2023 8,500,000 8,260,283
Deutsche Telekom International Finance BV 1.95% 2021 14,364,000 13,735,230
Deutsche Telekom International Finance BV 3.60% 2027 795,000 754,841
Deutsche Telekom International Finance BV 4.375% 2028 825,000 823,596
Devon Energy Corp. 5.00% 2045 2,500,000 2,506,450
Diamond Offshore Drilling, Inc. 4.875% 2043 3,375,000 2,489,063
Discover Financial Services 10.25% 2019 2,200,000 2,311,353
Discover Financial Services 3.35% 2023 15,850,000 15,403,204
Discover Financial Services 4.65% 2028 13,000,000 13,049,907
Discovery Communications, Inc. 2.95% 2023 4,185,000 4,012,892
Dominican Republic 5.95% 2027 8,100,000 8,280,225
Dominion Resources, Inc. 1.875% 2018 2,750,000 2,745,573
Dominion Resources, Inc. 2.579% 2020 (2.579% on 7/1/2020) 20,575,000 20,315,899
Drive Auto Receivables Trust, Series 2015-DA, Class C, 3.38% 2021 921,477 922,935
Drive Auto Receivables Trust, Series 2016-AA, Class C, 3.91% 2021 4,152,305 4,164,156
Drive Auto Receivables Trust, Series 2016-CA, Class C, 3.02% 2021 2,000,000 2,001,366
Drive Auto Receivables Trust, Series 2017-1, Class C, 2.84% 2022 10,000,000 9,984,640
Drive Auto Receivables Trust, Series 2017-2, Class C, 2.75% 2023 3,000,000 2,993,025
Drive Auto Receivables Trust, Series 2017-AA, Class C, 2.98% 2022 8,260,000 8,253,954
Drive Auto Receivables Trust, Series 2017-BA, Class C, 2.61% 2021 16,330,715 16,333,606
Drivetime Auto Owner Trust, Series 2016-3A, Class C, 3.15% 2022 1,167,146 1,167,872
Drivetime Auto Owner Trust, Series 2017-1A, Class B, 2.26% 2021 1,053,578 1,053,186
Drivetime Auto Owner Trust, Series 2017-1A, Class C, 2.70% 2022 6,625,000 6,613,612
Drivetime Auto Owner Trust, Series 2017-3A, Class C, 3.01% 2023 6,000,000 5,975,676
Drivetime Auto Owner Trust, Series 2017-4A, Class C, 2.86% 2023 4,440,000 4,421,641
Duke Energy Corp. 2.65% 2026 5,240,000 4,743,568
Duke Energy Corp. 3.75% 2024 3,826,000 3,834,383
Duke Energy Florida, LLC 3.40% 2046 6,445,000 5,614,472
Duke Energy Florida, LLC 3.80% 2028 500,000 499,782
Duke Energy Florida, LLC 4.20% 2048 250,000 248,910
Duke Energy Progress, LLC 3.375% 2023 385,000 384,085
Duke Energy Progress, LLC 3.70% 2028 4,350,000 4,317,566
EDP Finance BV 3.625% 2024 21,650,000 20,715,261
EMD Finance LLC 2.40% 2020 13,295,000 13,120,583
EMD Finance LLC 2.95% 2022 2,100,000 2,048,372
EPR Properties 4.50% 2025 385,000 381,075
EPR Properties 4.75% 2026 760,000 745,881
EQT Corp. 2.50% 2020 4,910,000 4,794,865
EQT Corp. 3.00% 2022 1,700,000 1,648,891
EQT Corp. 3.90% 2027 455,000 426,942
EXXON MOBIL CORPORATION CP 10/12/2018 45,000,000 44,962,920
Econ. Dev. Auth., School Facs. Construction Rev. Ref. Bonds, Series 2015-YY, 4.447% 2020 2,500,000 2,537,850
Electricité de France SA 2.15% 2019 145,000 144,767
Emera Inc. 6.75% 2076 (3-month USD-LIBOR + 5.44% on 6/15/2026) 1,950,000 2,086,500
Emera US Finance LP 2.70% 2021 954,000 926,635
Emera US Finance LP 3.55% 2026 495,000 466,758
Emera US Finance LP 4.75% 2046 2,495,000 2,438,556
EnLink Midstream Partners, LP 2.70% 2019 1,850,000 1,844,211
EnLink Midstream Partners, LP 5.05% 2045 1,015,000 843,915
EnLink Midstream Partners, LP 5.45% 2047 475,000 413,978
Enbridge Energy Partners, LP 4.20% 2021 6,325,000 6,427,528
Enbridge Energy Partners, LP 4.375% 2020 6,700,000 6,800,513
Enbridge Energy Partners, LP 5.20% 2020 5,055,000 5,181,284
Enbridge Energy Partners, LP 5.875% 2025 12,660,000 13,954,384
Enbridge Energy Partners, LP 7.375% 2045 22,526,000 29,831,182
Enbridge Energy Partners, LP 9.875% 2019 9,000,000 9,240,111
Enbridge Inc. 4.00% 2023 1,500,000 1,513,058
Enel Finance International SA 2.75% 2023 800,000 748,194
Enel Finance International SA 3.625% 2027 3,369,000 3,055,343
Enel Finance International SA 4.875% 2029 6,780,000 6,578,817
Enel Società per Azioni 8.75% 2073 1,000,000 1,110,000
Energy Transfer Partners, LP 4.15% 2020 1,000,000 1,013,409
Energy Transfer Partners, LP 4.20% 2023 2,860,000 2,885,308
Energy Transfer Partners, LP 4.20% 2027 112,000 108,325
Energy Transfer Partners, LP 4.95% 2028 4,559,000 4,647,650
Energy Transfer Partners, LP 5.30% 2047 12,066,000 11,714,759
Energy Transfer Partners, LP 5.40% 2047 5,940,000 5,888,150
Energy Transfer Partners, LP 6.00% 2048 1,118,000 1,194,494
Energy Transfer Partners, LP 6.125% 2045 11,780,000 12,589,899
Energy Transfer Partners, LP 6.25% (undated) (3-month USD-LIBOR + 4.028% on 2/15/2023) 7,850,000 7,570,344
Energy Transfer Partners, LP 6.625% 2049 (3-month USD-LIBOR + 4.155% on 2/15/2028) 500,000 479,688
Ensco PLC, 5.20% 2025 340,000 297,075
Ensco PLC, 5.75% 2044 80,000 60,100
Entergy Corp. 2.95% 2026 415,000 381,734
Entergy Louisiana, LLC 4.20 2048 7,425,000 7,383,494
Enterprise Fleet Financing LLC, Series 2017-1, Class A2, 2.13% 2022 6,968,542 6,934,326
Equinix, Inc. 5.375% 2027 1,750,000 1,757,280
Equinor ASA 3.625% 2028 10,665,000 10,536,679
Essex Portfolio LP 3.25% 2023 335,000 326,103
Essex Portfolio LP 3.875% 2024 1,000,000 995,398
Eversource Energy 2.75% 2022 527,000 516,135
Exelon Corp. 3.40% 2026 1,570,000 1,504,035
Exeter Automobile Receivables Trust, Series 2015-1A, Class C, 4.10% 2020 4,454,120 4,475,295
Exeter Automobile Receivables Trust, Series 2015-3A, Class C, 4.83% 2019 1,000,000 1,010,811
Exeter Automobile Receivables Trust, Series 2017-3A, Class B, 2.81% 2022 8,100,000 8,008,308
Exxon Mobil Corp. 3.043% 2026 4,625,000 4,488,595
Exxon Mobil Corp. 4.114% 2046 498,000 505,842
FED HM LN BK BD 10/1/2018 20,000,000 19,996,524
FED HM LN BK BD 10/12/2018 100,000,000 99,935,790
FED HM LN BK BD 10/17/2018 39,500,000 39,463,119
FED HM LN BK BD 10/24/2018 40,000,000 39,946,084
FED HM LN BK BD 10/26/2018 13,800,000 13,779,784
FED HM LN BK BD 10/30/2018 100,000,000 99,830,120
FED HM LN BK BD 11/27/2018 56,700,000 56,506,250
FED HM LN BK BD 11/28/2018 60,800,000 60,585,668
FED HM LN BK BD 11/6/2018 25,000,000 24,947,298
FED HM LN BK BD 11/7/2018 25,000,000 24,945,385
FED HM LN BK BD 12/4/2018 40,000,000 39,846,592
FED HM LN MTG CORP DISC NT 11/2/2018 50,000,000 49,906,285
FED NAT MTGE DISC NT 11/5/2018 50,000,000 49,897,515
Fannie Mae 2.125% 2026 11,910,000 11,069,511
Fannie Mae 3.00% 2046 67,568,122 64,748,774
Fannie Mae 3.50% 2046 2,322,753 2,296,499
Fannie Mae 3.50% 2047 10,555,836 10,398,860
Fannie Mae 3.50% 2047 20,095,638 19,793,802
Fannie Mae 3.50% 2047 66,066,933 65,084,848
Fannie Mae 3.50% 2047 13,865,030 13,658,885
Fannie Mae 3.50% 2047 95,987,179 94,545,835
Fannie Mae 3.50% 2048 3,109,152 3,062,947
Fannie Mae 3.50% 2048 81,577,465 80,284,544
Fannie Mae 4.00% 2046 3,448,517 3,496,103
Fannie Mae 4.00% 2047 69,951,989 70,703,553
Fannie Mae 4.00% 2048 379,823,000 383,015,032
Fannie Mae 4.50% 2025 322,777 334,976
Fannie Mae 4.50% 2048 302,000,000 311,137,010
Fannie Mae 5.00% 2040 480,528 511,051
Fannie Mae 5.00% 2041 3,097,602 3,297,843
Fannie Mae 5.00% 2041 809,592 863,282
Fannie Mae 5.00% 2041 3,039,920 3,236,439
Fannie Mae 5.00% 2041 1,108,910 1,183,077
Fannie Mae 5.00% 2041 2,104,460 2,244,532
Fannie Mae 5.00% 2041 1,374,349 1,465,813
Fannie Mae 5.50% 2023 455,803 466,580
Fannie Mae 5.50% 2038 357,133 384,904
Fannie Mae 5.50% 2038 2,392,992 2,580,478
Fannie Mae 6.00% 2037 1,077,399 1,185,784
Fannie Mae 6.00% 2037 74,890 79,440
Fannie Mae Pool #924866 0% 2037 787,796 811,244
Fannie Mae, Series 2001-4, Class GA, 9.203% 2025 2,434 2,565
Fannie Mae, Series 2001-50, Class BA, 7.00% 2041 16,476 18,089
Fannie Mae, Series 2002-W1, Class 2A, 5.828% 2042 39,703 42,696
Fannie Mae, Series 2002-W3, Class A5, 7.50% 2041 31,725 35,912
FirstEnergy Corp. 2.85% 2022 4,281,000 4,141,354
FirstEnergy Corp. 3.50% 2028 2,400,000 2,266,910
FirstEnergy Corp. 3.90% 2027 17,503,000 17,048,762
FirstEnergy Corp. 4.85% 2047 12,205,000 12,443,364
FirstEnergy Corp. 7.375% 2031 5,150,000 6,657,807
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 2031 31,410,000 30,671,991
Ford Credit Auto Owner Trust, Series 2018-2, Class A, 3.47% 2030 17,675,000 17,668,354
Ford Motor Co. 5.291% 2046 750,000 669,362
Ford Motor Credit Co. 2.262% 2019 8,200,000 8,172,596
Ford Motor Credit Co. 2.375% 2019 16,150,000 16,114,422
Ford Motor Credit Co. 2.681% 2020 15,250,000 15,095,579
Ford Motor Credit Co. 3.157% 2020 9,910,000 9,817,867
Ford Motor Credit Co. 3.219% 2022 7,015,000 6,789,678
Ford Motor Credit Co. 3.336% 2021 300,000 295,912
Ford Motor Credit Co. 3.47% 2021 15,000,000 14,826,135
Ford Motor Credit Co. 3.81% 2024 5,050,000 4,819,255
Ford Motor Credit Co. 3.813% 2021 8,000,000 7,948,656
France Télécom 9.00% 2031 1,480,000 2,103,756
Freddie Mac 3.00% 2046 41,501,965 40,075,542
Freddie Mac 3.50% 2045 34,662,022 34,346,598
Freddie Mac 3.50% 2047 62,190,257 61,262,814
Freddie Mac 3.50% 2047 113,518,986 111,816,088
Freddie Mac 3.50% 2047 8,234,147 8,110,552
Freddie Mac 3.50% 2048 34,268,789 33,839,950
Freddie Mac 3.50% 2048 35,437,539 34,950,167
Freddie Mac 4.00% 2047 3,606,730 3,651,009
Freddie Mac 4.00% 2048 109,139,000 110,208,126
Freddie Mac 4.00% 2048 161,000,000 162,369,627
Freddie Mac 4.50% 2040 449,926 469,675
Freddie Mac 4.50% 2041 517,991 540,724
Freddie Mac 4.50% 2048 10,500,000 10,839,203
Freddie Mac 5.50% 2033 134,064 144,312
Freddie Mac 5.50% 2038 132,909 143,429
Freddie Mac 5.50% 2038 101,425 109,452
Freddie Mac 5.50% 2039 191,980 207,108
Freddie Mac 5.50% 2040 715,046 770,115
Freddie Mac 5.50% 2041 1,049,925 1,133,046
Freddie Mac, Series 3061, Class PN, 5.50% 2035 134,531 144,530
Freddie Mac, Series 3146, Class PO, principal only, 0% 2036 302,672 250,959
Freddie Mac, Series 3156, Class PO, principal only, 0% 2036 267,463 224,767
Freddie Mac, Series 3318, Class JT, 5.50% 2037 336,881 350,528
Freddie Mac, Series K020, Class A2, Multi Family, 2.373% 2022 4,300,000 4,195,570
Freddie Mac, Series K716, Class A2, Multi Family, 3.13% 2021 6,575,000 6,569,622
Freddie Mac, Series K718, Class A2, Multi Family, 2.791% 2022 9,240,000 9,143,987
Frontier Communications Corp. 11.00% 2025 300,000 235,413
G.O. Bonds, Pension Funding Series 2003, 4.95% 2023 26,890,000 27,356,542
G.O. Bonds, Pension Funding Series 2003, 5.10% 2033 86,885,000 83,526,026
G.O. Bonds, Pension Funding Series 2013, 5.877% 2019 400,000 404,632
G.O. Bonds, Series 2013-B, 3.65% 2020 1,825,000 1,818,558
G.O. Bonds, Series 2013-B, 4.11% 2022 750,000 738,810
G.O. Bonds, Series 2013-B, 4.31% 2023 2,125,000 2,092,084
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.65% 2020 250,000 256,113
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.85% 2022 2,370,000 2,459,136
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.95% 2023 3,210,000 3,355,959
G.O. Bonds, Taxable Build America Bonds, Series 2010-3, 5.547% 2019 335,000 338,879
G.O. Bonds, Taxable Build America Bonds, Series 2010-3, 5.727% 2020 2,400,000 2,463,336
G.O. Bonds, Taxable Build America Bonds, Series 2010-5, 6.20% 2021 5,838,000 6,042,447
GM Financial Consumer Automobile Receivables Trust, Series 2018-1, Class B, 2.57% 2023 520,000 509,621
GM Financial Consumer Automobile Receivables Trust, Series 2018-1, Class C, 2.77% 2023 360,000 352,040
General Dynamics Corp. 3.375% 2023 425,000 425,118
General Dynamics Corp. 3.75% 2028 720,000 723,258
General Electric Capital Corp. 2.342% 2020 4,588,000 4,484,187
General Electric Capital Corp. 3.10% 2023 1,750,000 1,714,479
General Electric Capital Corp. 3.373% 2025 4,615,000 4,395,543
General Electric Co. 2.70% 2022 4,800,000 4,633,555
General Mills, Inc. (3-month USD-LIBOR + 0.54%) 2.879% 2021 10,620,000 10,673,344
General Mills, Inc. 3.20% 2021 2,170,000 2,157,164
General Motors Co. 4.35% 2025 11,255,000 11,067,638
General Motors Co. 5.20% 2045 1,060,000 964,979
General Motors Co. 5.40% 2048 7,200,000 6,734,621
General Motors Financial Co. 2.40% 2019 15,490,000 15,451,926
General Motors Financial Co. 3.15% 2022 11,000,000 10,710,117
General Motors Financial Co. 3.50% 2024 9,575,000 9,029,464
General Motors Financial Co. 3.70% 2020 15,295,000 15,376,125
General Motors Financial Co. 3.70% 2023 10,000,000 9,789,620
General Motors Financial Co. 3.95% 2024 4,769,000 4,649,069
General Motors Financial Co. 4.20% 2021 1,500,000 1,519,388
GlaxoSmithKline PLC 3.375% 2023 16,800,000 16,736,362
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022) 41,656,000 40,265,981
Goldman Sachs Group, Inc. 3.75% 2025 638,000 625,527
Goldman Sachs Group, Inc. 3.814% 2029 (3-month USD-LIBOR + 1.158% on 4/23/2028) 9,600,000 9,162,365
Goldman Sachs Group, Inc. 4.223% 2029 (3-month USD-LIBOR + 1.301% on 5/1/2028) 2,711,000 2,675,348
Goldman Sachs Group, Inc. 5.30% (undated) (3-month USD-LIBOR + 3.834% on 11/10/2026) 1,750,000 1,755,250
Goldman Sachs Group, Inc. 5.75% 2022 4,800,000 5,108,155
Government National Mortgage Assn. 4.00% 2048 348,200,000 353,661,169
Government National Mortgage Assn. 4.50% 2048 117,450,000 121,303,887
Groupe BPCE SA 2.75% 2021 9,100,000 8,868,633
Groupe BPCE SA 5.15% 2024 4,711,000 4,796,156
Groupe BPCE SA 5.70% 2023 27,166,000 28,354,295
Gulf Power Company 3.30% 2027 1,000,000 957,570
HCA Inc. 6.50% 2020 1,550,000 1,613,163
HERSHEY COMPANY THE 4(2) CP 10/1/2018 20,000,000 19,996,420
HSBC Holdings PLC 3.033% 2023 (3-month USD-LIBOR + 0.923% on 11/12/2022) 450,000 434,773
HSBC Holdings PLC 3.322% 2024 750,000 749,243
HSBC Holdings PLC 3.95% 2024 (3-month USD-LIBOR + 0.987% on 5/18/2023) 625,000 621,150
HSBC Holdings PLC 4.583% 2029 (3-month USD-LIBOR + 1.535% on 6/19/2028) 13,000,000 13,029,718
Harris Corp. 2.70% 2020 1,300,000 1,287,593
Harris Corp. 3.832% 2025 945,000 928,129
High-Speed Passenger Train G.O. Rev. Ref. Bonds, Series 2017-A, 2.367% 2022 3,775,000 3,685,608
Holcim Ltd. 5.15% 2023 1,560,000 1,620,731
Home Depot, Inc. 3.90% 2047 500,000 482,024
Home Depot, Inc. 4.40% 2021 7,200,000 7,410,031
Home Equity Mortgage Trust, Series 2006-6, Class 2A1, (1-month USD-LIBOR + 0.10%) 2.416% 2037 1,353,224 98,650
Hospitality Properties Trust 3.95% 2028 1,710,000 1,550,481
Hospitality Properties Trust 4.25% 2021 4,250,000 4,283,630
Hospitality Properties Trust 4.50% 2025 855,000 833,420
Hospitality Properties Trust 5.00% 2022 1,270,000 1,301,814
Hurricane Catastrophe Fund Fin. Corp., Rev. Bonds, Series 2013-A, 2.995% 2020 14,400,000 14,396,256
Husky Energy Inc. 7.25% 2019 3,390,000 3,551,493
Hyundai Capital America 2.55% 2020 4,200,000 4,130,906
Hyundai Capital America 2.60% 2020 325,000 320,396
Hyundai Capital America 2.75% 2020 3,321,000 3,257,576
Hyundai Capital America 3.25% 2022 1,521,000 1,475,411
Hyundai Capital America 3.75% 2021 8,500,000 8,457,866
INTEL CORP 4(2) CP 10/26/2018 66,700,000 66,587,744
IPALCO Enterprises, Inc. 3.70% 2024 200,000 194,130
Iberdrola Finance Ireland 5.00% 2019 1,825,000 1,856,750
Imperial Tobacco Finance PLC 3.50% 2023 2,335,000 2,289,355
Infor (US), Inc. 5.75% 2020 225,000 228,375
International Flavors & Fragrances Inc. 5.0% 2048 500,000 501,940
Interstate Power and Light Company 4.10% 2028 375,000 377,962
Intesa Sanpaolo SpA 3.375% 2023 8,100,000 7,504,391
Intesa Sanpaolo SpA 3.875% 2027 6,870,000 5,870,504
Intesa Sanpaolo SpA 4.375% 2048 425,000 322,003
Intesa Sanpaolo SpA 5.017% 2024 71,090,000 64,212,185
Intesa Sanpaolo SpA 5.71% 2026 17,140,000 15,652,179
Italy (Republic of) 0.95% 2023 45,000,000 49,469,786
Italy (Republic of) 2.00% 2028 21,000,000 22,508,899
JEA, Electric System Rev. Bonds, Series 2017-B, 5.00% 2031 500,000 577,060
JPMorgan Chase & Co. 2.70% 2023 14,825,000 14,265,786
JPMorgan Chase & Co. 2.776% 2023 (3-month USD-LIBOR + 0.935% on 4/25/2022) 10,500,000 10,202,672
JPMorgan Chase & Co. 3.509% 2029 (3-month USD-LIBOR + 0.945% on 1/23/2028) 10,345,000 9,804,877
JPMorgan Chase & Co. 3.559% 2024 (3-month USD-LIBOR + 0.73% on 4/23/2023) 11,200,000 11,087,754
JPMorgan Chase & Co. 4.005% 2029 (3-month USD-LIBOR + 1.12% on 4/23/2028) 3,076,000 3,025,794
JPMorgan Chase & Co. 4.203% 2029 (3-month USD-LIBOR + 1.26% on 07/23/2028) 13,823,000 13,771,634
Japan, Series 19, 0.10% 2024 5,382,415,000 49,053,806
Japan, Series 20, 0.10% 2025 11,351,250,000 103,701,791
KIMBERLY-CLARK CORP 4(2) CP 10/19/2018 34,400,000 34,355,865
Keurig Dr. Pepper Inc. 4.057% 2023 14,605,000 14,638,343
Keurig Dr. Pepper Inc. 4.417% 2025 5,207,000 5,234,769
Keurig Dr. Pepper Inc. 4.597% 2028 16,640,000 16,746,879
Keurig Dr. Pepper Inc. 5.085% 2048 9,759,000 9,987,741
Kimco Realty Corp. 3.40% 2022 1,045,000 1,028,792
Kinder Morgan Energy Partners, LP 5.40% 2044 5,070,000 5,215,179
Kinder Morgan Energy Partners, LP 5.50% 2044 925,000 963,906
Kinder Morgan Energy Partners, LP 6.50% 2037 900,000 1,011,371
Kinder Morgan Energy Partners, LP 6.85% 2020 6,650,000 6,963,973
Kinder Morgan, Inc. 4.30% 2025 257,000 259,408
Kinder Morgan, Inc. 4.30% 2028 250,000 248,156
Kinder Morgan, Inc. 5.05% 2046 248,000 248,275
Kinder Morgan, Inc. 5.30% 2034 760,000 786,790
Kinder Morgan, Inc. 5.55% 2045 6,000,000 6,355,428
Kroger Co. 2.60% 2021 8,000,000 7,847,376
L.A. Arena Funding, LLC, Series 1, Class A, 7.656% 2026 531,514 563,395
LB-UBS Commercial Mortgage Trust, Series 2007-C6, Class AM, 6.114% 2040 630,339 630,205
Laboratory Corporation of America Holdings 3.60% 2027 500,000 478,850
Laboratory Corporation of America Holdings 4.70% 2045 4,160,000 4,046,877
Lloyds Banking Group PLC 2.907% 2023 (3-month USD-LIBOR + 0.81% on 11/7/2022) 8,550,000 8,163,232
Lloyds Banking Group PLC 4.375% 2028 8,825,000 8,620,031
Lockheed Martin Corp. 2.50% 2020 3,055,000 3,013,871
Lockheed Martin Corp. 3.10% 2023 1,155,000 1,143,620
Lockheed Martin Corp. 3.55% 2026 2,445,000 2,416,687
Lockheed Martin Corp. 4.50% 2036 2,055,000 2,145,726
Lockheed Martin Corp. 4.70% 2046 5,169,000 5,523,304
Lowe's Companies, Inc. 4.05% 2047 500,000 482,609
MGM Resorts International 7.75% 2022 2,000,000 2,197,560
MPLX LP 4.00% 2028 4,665,000 4,493,155
MPLX LP 4.70% 2048 700,000 657,032
Malaysia (Federation of), Series 0315, 3.659% 2020 49,000,000 11,896,433
Malaysia (Federation of), Series 0416, 3.62% 2021 42,750,000 10,334,024
Marathon Oil Corp. 4.40% 2027 10,000,000 10,012,360
McDonald's Corp. 3.35% 2023 110,000 109,155
McDonald's Corp. 3.50% 2027 7,085,000 6,889,390
McDonald's Corp. 4.45% 2047 4,260,000 4,192,935
McDonald's Corp. 4.875% 2045 7,065,000 7,405,342
Medtronic, Inc. 4.625% 2045 4,815,000 5,103,086
MetLife Capital Trust IV 7.875% 2067 (3-month USD-LIBOR + 3.96% on 12/1/2037) 1,405,000 1,728,150
Metlife, Inc. 3.60% 2025 3,490,000 3,479,101
Metropolitan Life Global Funding I 2.00% 2020 6,785,000 6,671,616
Metropolitan Life Global Funding I 2.30% 2019 675,000 673,730
Microsoft Corp. 4.25% 2047 10,250,000 10,770,218
MidAmerican Energy Holdings Co. 3.75% 2023 5,690,000 5,749,933
Mississippi Power Co. 4.25% 2042 11,949,000 11,281,433
Molson Coors Brewing Co. 1.90% 2019 125,000 124,521
Molson Coors Brewing Co. 2.10% 2021 2,415,000 2,323,566
Molson Coors Brewing Co. 2.25% 2020 4,525,000 4,460,356
Molson Coors Brewing Co. 3.00% 2026 5,530,000 5,023,253
Molson Coors Brewing Co. 4.20% 2046 4,530,000 4,027,474
Mondelez International, Inc. 1.625% 2019 16,100,000 15,874,874
Morgan Stanley 2.50% 2021 40,100,000 39,190,332
Morgan Stanley 2.625% 2021 6,200,000 6,030,263
Morgan Stanley 3.125% 2023 30,350,000 29,591,129
Morgan Stanley 3.125% 2026 6,970,000 6,496,807
Morgan Stanley 3.737% 2024 (3-month USD-LIBOR + 0.847% on 4/24/2023) 500,000 496,974
Morgan Stanley 3.875% 2026 8,472,000 8,331,399
NATIONAL AUSTRALIA BANK LTD 4(2) CP 10/4/2018 94,500,000 94,466,075
NBC Universal Enterprise, Inc. 5.25% 2049 5,170,000 5,255,274
NBCUniversal Media, LLC 5.15% 2020 9,600,000 9,896,803
NGL Energy Partners LP 6.875% 2021 1,000,000 1,019,845
NIKE, Inc. 3.875% 2045 6,845,000 6,606,157
NV Energy, Inc 6.25% 2020 2,850,000 3,012,290
NXP BV and NXP Funding LLC 4.125% 2021 2,000,000 2,011,500
National Grid Plc 3.15% 2027 275,000 259,681
Nationstar HECM Loan Trust, Series 2017-1A, Class M1, 2.9419% 2027 1,055,000 1,047,267
Nationstar HECM Loan Trust, Series 2017-2A, Class M1, 2.8154% 2027 1,115,000 1,109,774
Nestle Holdings, Inc. 3.35% 2023 750,000 748,742
New York Life Global Funding 1.70% 2021 1,250,000 1,192,881
New York Life Global Funding 1.95% 2020 145,000 142,959
New York Life Global Funding 2.10% 2019 1,000,000 999,003
New York Life Global Funding 2.30% 2022 500,000 480,283
News America Inc. 4.00% 2023 1,100,000 1,121,108
NiSource Finance Corp. 2.65% 2022 275,000 262,647
Niagara Mohawk Power Corp. 3.508% 2024 7,575,000 7,493,561
Niagara Mohawk Power Corp. 4.278% 2034 1,000,000 1,001,306
Nissan Motor Co., Ltd. 2.60% 2022 1,415,000 1,354,219
Noble Corp. PLC 7.95% 2025 1,595,000 1,563,100
Noble Corp. PLC 8.95% 2045 1,260,000 1,226,925
Nordea Bank AB 2.50% 2020 7,125,000 7,017,163
Northrop Grumman Corp. 3.25% 2028 13,370,000 12,597,054
Odebrecht Drilling Norbe 0% 2049 1,195,431 21,458
Odebrecht Drilling Norbe 6.72% 2022 85,962 81,449
Odebrecht Drilling Norbe 7.35% 2026 33,773 20,027
Odebrecht Drilling Norbe 7.72% 2026 297,283 86,955
Omega Healthcare Investors, Inc. 4.375% 2023 900,000 893,285
Oracle Corp. 4.00% 2046 250,000 238,441
Oracle Corp. 4.125% 2045 2,425,000 2,352,764
Orange SA 2.75% 2019 3,470,000 3,471,260
PNC Bank 2.55% 2021 1,000,000 974,744
PNC Financial Services Group, Inc. 2.854% 2022 5,850,000 5,678,730
PNC Funding Corp. 3.30% 2022 8,700,000 8,666,810
PacifiCorp., First Mortgage Bonds, 4.125% 2049 153,000 150,377
Pacific Gas & Electric Co. 4.25% 2023 147,000 147,882
Pacific Gas and Electric Co. 2.45% 2022 7,757,000 7,370,888
Pacific Gas and Electric Co. 2.95% 2026 300,000 273,275
Pacific Gas and Electric Co. 3.25% 2023 5,615,000 5,426,695
Pacific Gas and Electric Co. 3.30% 2027 468,000 431,109
Pacific Gas and Electric Co. 3.30% 2027 1,133,000 1,037,231
Pacific Gas and Electric Co. 3.40% 2024 850,000 813,303
Pacific Gas and Electric Co. 3.50% 2025 301,000 287,505
Pacific Gas and Electric Co. 3.75% 2042 97,000 82,768
Pacific Gas and Electric Co. 4.75% 2044 336,000 327,565
Pacific Gas and Electric Co.4.65% 2028 2,457,000 2,473,219
Panama (Republic of) 4.50% 2050 460,000 457,245
Petrobras Global Finance Co. 5.299% 2025 409,000 383,029
Petrobras Global Finance Co. 5.75% 2029 15,615,000 13,979,329
Petrobras Global Finance Co. 5.999% 2028 303,000 280,124
Petrobras Global Finance Co. 6.125% 2022 2,364,000 2,446,385
Petrobras Global Finance Co. 6.85% 2115 335,000 288,100
Petrobras Global Finance Co. 7.25% 2044 45,000 42,778
Petrobras Global Finance Co. 7.375% 2027 390,000 395,577
Petrobras Global Finance Co. 8.75% 2026 19,450,000 21,336,650
Petróleos Mexicanos 5.35% 2028 10,450,000 9,875,250
Petróleos Mexicanos 6.35% 2048 14,720,000 13,557,120
Petróleos Mexicanos 6.35% 2048 7,175,000 6,608,175
Petróleos Mexicanos 6.50% 2027 9,480,000 9,707,520
Petróleos Mexicanos 6.75% 2047 333,000 318,578
Petróleos Mexicanos 7.47% 2026 2,950,000 13,477,878
Pfizer Inc. 4.20% 2048 232,000 232,613
Pfizer Inc. 7.20% 2039 100,000 137,893
Philip Morris International Inc. 2.50% 2022 2,273,000 2,184,892
Philip Morris International Inc. 4.25% 2044 10,275,000 9,708,889
Phillips 66 3.90% 2028 5,575,000 5,506,656
Piedmont Operating Partnership LP 4.45% 2024 1,000,000 1,001,630
Plains All American Pipeline, LP 4.50% 2026 1,250,000 1,250,298
Portuguese Republic 4.10% 2045 375,000 528,761
Portuguese Republic 5.125% 2024 89,550,000 93,888,698
Portuguese Republic 5.65% 2024 20,000,000 28,964,993
Progress Energy, Inc. 7.75% 2031 1,820,000 2,385,660
Prudential Financial, Inc. 3.878% 2028 500,000 496,376
Prudential Financial, Inc. 4.418% 2048 250,000 246,375
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2014-A, 5.50% 2054 875,000 943,635
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-A, 5.00% 2050 840,000 883,151
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-E, 5.25% 2055 2,765,000 2,969,389
Public Service Co. of Colorado 4.10% 2048 600,000 597,322
Public Service Enterprise Group Inc. 2.65% 2022 1,975,000 1,897,438
Public Storage 3.094% 2027 165,000 154,410
Puget Energy, Inc. 3.65% 2025 3,000,000 2,897,181
Puget Energy, Inc. 5.625% 2022 8,004,000 8,473,883
Puget Energy, Inc. 6.00% 2021 8,186,000 8,707,399
Puget Energy, Inc. 6.50% 2020 5,294,000 5,611,815
Qatar (State of) 3.875% 2023 4,975,000 5,019,059
Qatar (State of) 4.50% 2028 10,885,000 11,223,023
Qatar (State of) 5.103% 2048 7,900,000 8,232,582
Ras Laffan Liquefied Natural Gas II 5.298% 2020 241,557 247,354
Republic Services, Inc. 5.00% 2020 4,800,000 4,922,510
Reynolds American Inc. 3.25% 2022 1,750,000 1,710,786
Reynolds American Inc. 4.00% 2022 4,230,000 4,258,992
Reynolds American Inc. 4.45% 2025 15,070,000 15,195,880
Reynolds American Inc. 4.85% 2023 5,830,000 6,054,537
Reynolds American Inc. 5.85% 2045 325,000 354,192
Roche Holdings, Inc. 2.375% 2027 500,000 454,284
Rockwell Collins, Inc. 2.80% 2022 245,000 238,587
Roper Technologies, Inc. 2.80% 2021 175,000 171,134
S.A.C.I. Falabella 3.75% 2027 660,000 617,034
SCANA Corp. 4.125% 2022 3,086,000 3,045,465
SCANA Corp. 4.75% 2021 3,000,000 3,017,889
Sabine Pass Liquefaction, LLC 5.625% 2021 1,100,000 1,144,664
Sabine Pass Liquefaction, LLC 5.625% 2023 1,000,000 1,063,907
Sabine Pass Liquefaction, LLC 5.625% 2025 10,000,000 10,675,220
Sabine Pass Liquefaction, LLC 5.75% 2024 8,000,000 8,595,640
Sabine Pass Liquefaction, LLC 5.875% 2026 15,700,000 16,974,557
Sabine Pass Liquefaction, LLC 6.25% 2022 2,300,000 2,473,657
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 300,000 287,250
Sands China Ltd. 4.6% 2023 2,000,000 2,004,448
Sands China Ltd. 5.40% 2028 1,500,000 1,496,160
Santander Drive Auto Receivables Trust, Series 2016-1, Class B, 2.47% 2020 544,843 544,831
Santander Drive Auto Receivables Trust, Series 2016-1, Class C, 3.09% 2022 10,075,000 10,090,113
Santander Drive Auto Receivables Trust, Series 2016-3, Class C, 2.46% 2022 700,000 695,319
Santander Drive Auto Receivables Trust, Series 2017-1, Class C, 2.58% 2022 11,605,000 11,531,378
Santander Drive Auto Receivables Trust, Series 2017-3, Class C, 2.76% 2022 3,955,000 3,909,466
Saudi Arabia (Kingdom of) 2.875% 2023 4,780,000 4,623,359
Saudi Arabia (Kingdom of) 3.625% 2028 11,435,000 10,924,519
Saudi Arabia (Kingdom of) 3.628% 2027 5,000,000 4,842,470
Saudi Arabia (Kingdom of) 4.00% 2025 4,485,000 4,495,701
Saudi Arabia (Kingdom of) 4.50% 2030 9,985,000 10,049,543
Saudi Arabia (Kingdom of) 4.625% 2047 225,000 217,383
Saudi Arabia (Kingdom of) 5.00% 2049 315,000 320,434
Scentre Group 2.375% 2019 2,365,000 2,339,564
Scentre Group 2.375% 2021 175,000 168,921
Scentre Group 3.50% 2025 4,565,000 4,390,042
Schlumberger BV 3.00% 2020 600,000 595,568
Schlumberger BV 4.00% 2025 9,286,000 9,295,193
Sherwin-Williams Co. 2.75% 2022 250,000 242,630
Sherwin-Williams Co. 3.125% 2024 145,000 139,424
Sherwin-Williams Co. 3.45% 2027 2,485,000 2,367,795
Sherwin-Williams Co. 4.50% 2047 235,000 226,558
Shire PLC 1.90% 2019 22,100,000 21,869,431
Shire PLC 2.40% 2021 26,279,000 25,407,457
Shire PLC 2.875% 2023 11,084,000 10,582,072
Shire PLC 3.20% 2026 19,670,000 18,184,345
Social Professional Loan Program LLC, Series 2015-C, Class A2, 2.51% 2033 1,902,015 1,863,994
SoftBank Group Corp. 3.36% 2023 8,700,000 8,689,125
South Carolina Electric & Gas Co. 3.50% 2021 7,850,000 7,825,053
South Carolina Electric & Gas Co. 4.10% 2046 225,000 207,958
South Carolina Electric & Gas Co. 4.25% 2028 8,775,000 8,751,913
South Carolina Electric & Gas Co. 4.35% 2042 75,000 71,882
South Carolina Electric & Gas Co. 5.30% 2033 515,000 542,754
South Carolina Electric & Gas Co. 5.45% 2041 1,874,000 2,019,248
Southwestern Energy Co. 6.20% 2025 920,000 915,975
Spain (Kingdom of) 2.70% 2048 37,250,000 44,341,153
Standard Chartered PLC 3.885% 2024 (3-month USD-LIBOR + 1.08% on 3/15/2023) 1,500,000 1,466,841
Starbucks Corp. 3.75% 2047 3,785,000 3,302,870
Starbucks Corp. 3.80% 2025 2,454,000 2,440,697
Starbucks Corp. 4.00% 2028 425,000 424,450
Starbucks Corp. 4.50% 2048 8,220,000 8,104,690
Svenska Handelsbanken AB 1.875% 2021 250,000 239,311
Synchrony Bank 3.65% 2021 5,775,000 5,726,721
TC PipeLines, LP 4.375% 2025 405,000 402,621
Tampa Electric Co. 2.60% 2022 4,350,000 4,201,552
Targa Resources Partners LP 5.125% 2025 175,000 176,750
Targa Resources Partners LP 5.375% 2027 175,000 175,875
Teco Finance, Inc. 5.15% 2020 2,091,000 2,139,969
Tenet Healthcare Corp., 6.00% 2020 1,240,000 1,281,850
Teva Pharmaceutical Finance Company BV 2.20% 2021 20,214,000 19,006,375
Teva Pharmaceutical Finance Company BV 2.80% 2023 79,049,000 70,452,421
Teva Pharmaceutical Finance Company BV 3.15% 2026 51,528,000 42,952,607
Teva Pharmaceutical Finance Company BV 4.10% 2046 46,666,000 34,089,840
Teva Pharmaceutical Finance Company BV 6.00% 2024 1,697,000 1,724,809
Teva Pharmaceutical Finance Company BV 6.75% 2028 11,574,000 12,222,919
Thomson Reuters Corp. 4.30% 2023 240,000 245,547
Time Warner Inc. 3.80% 2027 4,335,000 4,151,556
Total Capital Canada Ltd. 2.75% 2023 2,140,000 2,073,189
Toyota Motor Credit Corp. 2.125% 2019 500,000 497,974
Toyota Motor Credit Corp. 2.70% 2023 1,000,000 971,439
TransCanada PipeLines Ltd. 4.25% 2028 12,398,000 12,466,933
Transocean Inc. 5.80% 2022 2,195,000 2,192,256
Transocean Inc. 9.00% 2023 5,000,000 5,450,000
Travelers Companies, Inc. 3.75% 2046 200,000 185,053
Travelers Companies, Inc. 4.00% 2047 405,000 388,593
Travelers Companies, Inc. 4.05% 2048 155,000 149,974
Tyson Foods, Inc. 5.10% 2048 260,000 265,766
U S TREASURY BILL 1/10/2019 64,000,000 63,606,771
U S TREASURY BILL 1/17/2019 175,000,000 173,852,875
U S TREASURY BILL 10/11/2018 100,000,000 99,943,200
U S TREASURY BILL 10/25/2018 213,600,000 213,303,801
U S TREASURY BILL 11/1/2018 100,000,000 99,822,620
U S TREASURY BILL 11/15/2018 20,000,000 19,947,874
U S TREASURY BILL 11/8/2018 189,200,000 188,785,595
U.S. Treasury 2.125% 2024 250,100,000 239,625,812
U.S. Treasury 2.125% 2024 72,100,000 68,712,021
U.S. Treasury 2.125% 2024 72,100,000 68,810,077
U.S. Treasury 2.25% 2023 110,600,000 106,810,844
U.S. Treasury 2.25% 2024 65,000,000 62,722,400
U.S. Treasury 2.25% 2027 120,200,000 112,539,654
U.S. Treasury 2.25% 2027 73,175,000 68,889,140
U.S. Treasury 2.375% 2023 48,100,000 47,002,839
U.S. Treasury 2.50% 2020 3,352,000 3,335,206
U.S. Treasury 2.625% 2021 3,223,000 3,203,372
U.S. Treasury 2.625% 2021 2,553,000 2,536,457
U.S. Treasury 2.75% 2021 448,000 446,356
U.S. Treasury 2.75% 2023 173,600,000 172,183,424
U.S. Treasury 2.75% 2023 72,100,000 71,514,548
U.S. Treasury 2.75% 2025 132,000,000 130,117,680
U.S. Treasury 2.75% 2025 246,800 242,896
U.S. Treasury 2.75% 2047 48,100,000 44,025,449
U.S. Treasury 2.750% 2020 40,338,000 40,287,578
U.S. Treasury 2.750% 2021 1,358,000 1,353,016
U.S. Treasury 2.875% 2023 15,547,000 15,496,006
U.S. Treasury 2.875% 2025 162,218,400 160,969,318
U.S. Treasury 2.875% 2025 96,200,000 95,388,072
U.S. Treasury 2.875% 2028 174,214,400 171,601,184
U.S. Treasury 2.875% 2045 413,000 388,691
U.S. Treasury 3.00% 2025 1,398,000 1,396,686
U.S. Treasury 3.00% 2045 28,900,000 27,862,490
U.S. Treasury 3.00% 2048 32,224,300 30,996,232
U.S. Treasury 3.125% 2048 247,441,400 244,011,862
U.S. Treasury 6.125% 2027 24,000,000 29,868,720
U.S. Treasury 8.75% 2020 38,500,000 42,648,375
U.S. Treasury Inflation-Protected Security 0.375% 2025 54,222,737 52,535,034
U.S. Treasury Inflation-Protected Security 0.375% 2027 154,530,000 147,781,200
U.S. Treasury Inflation-Protected Security 0.50% 2028 127,706,250 122,677,375
U.S. Treasury Inflation-Protected Security 0.625% 2023 50,727,500 50,100,450
U.S. Treasury Inflation-Protected Security 0.75% 2028 100,394,000 98,938,200
U.S. Treasury Inflation-Protected Security 0.875% 2047 64,778,339 62,046,835
U.S. Treasury Inflation-Protected Security 1.00% 2048 24,347,721 24,073,209
UNITED PARCEL SERVICE INC 4(2) CP 10/1/2018 50,000,000 49,991,250
US Bancorp 2.00% 2020 1,000,000 987,736
US Bancorp 3.40% 2023 550,000 547,951
Ultra Petroleum Corp. 6.875% 2022 625,000 300,000
UniCredit SPA 4.625% 2027 425,000 390,411
UniCredit SPA 5.861% 2032 1,000,000 895,777
Union Pacific Corp. 3.95% 2018 1,551,000 1,557,319
Union Pacific Corp. 4.50% 2048 872,000 889,654
United Mexican States 3.60% 2025 11,500,000 11,189,500
United Mexican States, Series M, 5.75% 2026 5,275,000 24,889,521
United Mexican States, Series M, 6.50% 2021 31,327,000 162,457,128
United Rentals, Inc. 5.50% 2027 5,000,000 4,956,250
United Technologies Corp. 3.125% 2027 9,525,000 8,909,704
United Technologies Corp. 3.65% 2023 850,000 846,710
United Technologies Corp. 3.95% 2025 335,000 333,371
United Technologies Corp. 4.125% 2028 8,650,000 8,609,432
United Technologies Corp. 4.625% 2048 1,210,000 1,214,944
UnitedHealth Group Inc. 3.35% 2022 4,385,000 4,380,549
UnitedHealth Group Inc. 3.375% 2027 500,000 486,045
UnitedHealth Group Inc. 3.75% 2025 5,410,000 5,438,619
Unum Group 3.00% 2021 520,000 511,899
VMware, Inc. 2.95% 2022 4,000,000 3,852,836
Vale SA 6.25% 2026 4,143,000 4,550,671
Various Purpose G.O. Bonds, Series 2009, 7.50% 2034 2,100,000 2,909,634
Verizon Communications Inc. 4.125% 2027 4,476,000 4,486,152
Verizon Communications Inc. 4.40% 2034 5,080,000 4,962,312
Verizon Communications Inc. 4.50% 2033 12,740,000 12,669,892
Verizon Owner Trust, Series 2016-1A, Class A, 1.42% 2021 384,885 383,555
Verizon Owner Trust, Series 2017-1A, Class A, 2.06% 2021 17,555,000 17,399,392
Verizon Owner Trust, Series 2017-1A, Class B, 2.45% 2021 1,500,000 1,479,615
Verizon Owner Trust, Series 2017-1A, Class C, 2.65% 2021 2,000,000 1,972,188
Verizon Owner Trust, Series 2017-3A, Class A1A, 2.06% 2022 4,735,000 4,668,502
Verizon Owner Trust, Series 2017-3A, Class B, 2.38% 2022 2,450,000 2,408,323
Virginia Electric and Power Co. 4.45% 2044 7,995,000 8,095,705
Vodafone Group PLC 3.75% 2024 1,500,000 1,484,583
Vodafone Group PLC 4.375% 2028 20,141,000 19,871,332
Vodafone Group PLC 5.25% 2048 1,543,000 1,552,619
Volkswagen Group of America Finance, LLC 2.40% 2020 2,855,000 2,807,384
Volkswagen Group of America Finance, LLC 2.45% 2019 520,000 515,277
Volkswagen International Finance NV 4.00% 2020 4,000,000 4,038,832
Voya Ltd., Series 2014-3A, CLO, Class A1R, (3-month USD-LIBOR + 0.72%) 3.055% 2026 5,560,000 5,561,537
WALMART INC 4(2) CP 10/11/2018 16,000,000 15,987,376
WEA Finance LLC 2.70% 2019 5,475,000 5,462,046
WEA Finance LLC 3.25% 2020 13,875,000 13,834,110
WM. Wrigley Jr. Co 3.375% 2020 13,005,000 13,022,713
Wal-Mart Stores, Inc. 2.35% 2022 1,000,000 967,091
Wal-Mart Stores, Inc. 4.05% 2048 779,000 780,547
Walt Disney Co. 5.50% 2019 4,800,000 4,865,520
WellPoint, Inc. 2.25% 2019 1,250,000 1,243,489
Wells Fargo & Co. 2.10% 2021 16,800,000 16,182,533
Wells Fargo & Co. 2.625% 2022 1,000,000 966,191
Wells Fargo & Co. 3.00% 2026 820,000 763,444
Wells Fargo & Co. 3.00% 2026 3,220,000 2,989,390
Wells Fargo & Co. 3.55% 2023 1,225,000 1,219,744
Western Gas Partners LP 3.95% 2025 275,000 262,521
Western Gas Partners LP 4.65% 2026 1,325,000 1,300,252
Western Gas Partners LP 5.30% 2048 500,000 459,215
Westinghouse Air Brake Technologies Corp. (DBA Wabtec Corp.) 4.15% 2024 720,000 714,318
Westlake Automobile Receivables Trust, Series 2017-1A, Class C, 2.70% 2022 2,500,000 2,492,553
Wheels SPV 2 LLC, Series 2016-1A, Class A2, 1.59% 2025 104,040 103,724
Williams Partners LP 4.30% 2024 595,000 600,825
Williams Partners LP 4.50% 2023 500,000 509,668
Williams Partners LP 4.90% 2045 250,000 243,749
Williams Partners LP 5.10% 2045 245,000 247,420
Williams Partners LP 5.25% 2020 2,900,000 2,977,056
Xcel Energy Inc. 3.30% 2025 5,650,000 5,466,307
Xcel Energy Inc. 4.70% 2020 1,700,000 1,730,258
Xerox Corp. 3.50% 2020 1,500,000 1,492,806
Zimmer Holdings, Inc. 3.15% 2022 8,845,000 8,669,427

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.