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

Portfolio Holdings

American Funds Insurance Series - Bond Fund

As of June 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 2,150,012 0.02
Cumulus Media Inc., Class A 11,159 186,913 0.00
Cumulus Media Inc., Class B 13,561 227,147 0.00
Fixed-Income Securities* Shares or Principal Amount Market Value
3M COMPANY 4(2) CP 7/9/2018 44,600,000 44,576,317
3M Co. 2.25% 2023 646,000 620,247
ABN AMRO Bank NV 2.65% 2021 3,000,000 2,951,514
ACE INA Holdings Inc. 2.30% 2020 2,105,000 2,058,429
ACE INA Holdings Inc. 2.875% 2022 3,725,000 3,661,023
ACE INA Holdings Inc. 3.35% 2026 2,625,000 2,548,379
ACE INA Holdings Inc. 4.35% 2045 2,320,000 2,378,104
APPLE INC 4(2) CP 7/18/2018 15,000,000 14,984,670
APPLE INC 4(2) CP 9/12/2018 21,975,000 21,880,464
ARAMARK Corp. 5.125% 2024 1,200,000 1,203,000
AT&T Inc. 3.40% 2025 24,515,000 23,090,188
AT&T Inc. 4.125% 2026 11,800,000 11,552,802
AXA Equitable Holdings, Inc. 3.90% 2023 2,715,000 2,695,634
AXA Equitable Holdings, Inc. 4.35% 2028 250,000 239,367
AXA SA 5.0% 2048 8,740,000 8,075,839
AbbVie Inc. 2.50% 2020 17,215,000 17,009,315
AbbVie Inc. 2.85% 2023 4,800,000 4,626,451
AbbVie Inc. 2.90% 2022 6,565,000 6,375,048
AbbVie Inc. 3.20% 2022 11,970,000 11,780,814
AbbVie Inc. 3.20% 2026 500,000 467,064
AbbVie Inc. 4.45% 2046 1,985,000 1,904,042
Abbott Laboratories 2.90% 2021 26,905,000 26,508,205
Abbott Laboratories 3.40% 2023 1,817,000 1,794,217
Abbott Laboratories 3.75% 2026 5,163,000 5,082,065
Abbott Laboratories 4.75% 2036 4,765,000 5,038,683
Abu Dhabi National Energy Co. PJSC (TAQA) 4.375% 2025 11,500,000 11,401,905
Abu Dhabi National Energy Co. PJSC (TAQA) 4.875% 2030 5,070,000 5,067,090
Airbus Group SE 2.70% 2023 2,220,000 2,145,710
Alexandria Real Estate Equities, Inc. 2.75% 2020 2,075,000 2,058,755
Alexandria Real Estate Equities, Inc. 3.90% 2023 3,690,000 3,703,660
Alexandria Real Estate Equities, Inc. 3.95% 2028 1,585,000 1,524,967
Alexandria Real Estate Equities, Inc. 4.50% 2029 150,000 149,717
Allergan Funding SCS 4.85% 2044 2,425,000 2,345,210
Allergan PLC 3.00% 2020 8,275,000 8,236,960
Allergan PLC 3.45% 2022 11,060,000 10,889,377
Allergan PLC 3.80% 2025 12,497,000 12,149,321
Allergan PLC 4.55% 2035 4,284,000 4,073,767
Allergan PLC 4.75% 2045 9,985,000 9,640,088
Allergan, Inc. 5.00% 2021 2,194,000 2,271,503
Alliant Energy Finance LLC 3.75% 2023 750,000 750,444
Alliant Energy Finance LLC 4.25% 2028 500,000 500,673
Allstate Corp. 4.20% 2046 205,000 203,093
Ally Financial Inc. 4.25% 2021 34,100,000 34,185,250
Ally Financial Inc. 5.125% 2024 2,800,000 2,856,000
Ally Financial Inc. 8.00% 2031 14,495,000 17,249,050
Ally Financial Inc. 8.00% 2031 10,220,000 12,212,900
Altria Group, Inc. 2.85% 2022 5,000,000 4,883,290
Altria Group, Inc. 3.875% 2046 1,587,000 1,396,684
Altria Group, Inc. 4.50% 2043 3,000,000 2,881,458
Altria Group, Inc. 5.375% 2044 6,600,000 7,146,718
Amazon.com, Inc. 3.15% 2027 12,500,000 12,023,850
Amazon.com, Inc. 4.05% 2047 455,000 446,830
AmeriCredit Automobile Receivables Trust, Series 2016-1, Class C, 2.89% 2022 2,485,000 2,483,648
AmeriCredit Automobile Receivables Trust, Series 2016-2, Class C, 2.87% 2021 175,000 174,783
AmeriCredit Automobile Receivables Trust, Series 2017-1, Class C, 2.71% 2022 5,970,000 5,904,999
American Campus Communities, Inc. 3.35% 2020 2,910,000 2,903,656
American Campus Communities, Inc. 3.625% 2027 305,000 286,149
American Campus Communities, Inc. 3.75% 2023 3,000,000 2,986,224
American Electric Power Co., Inc. 2.95% 2022 831,000 809,508
American Electric Power Co., Inc. 3.20% 2027 1,425,000 1,333,914
American Express Co. 2.20% 2020 15,000,000 14,657,310
American Express Co. 3.00% 2024 916,000 874,862
American International Group, Inc. 4.20% 2028 12,835,000 12,559,189
American International Group, Inc. 4.75% 2048 13,525,000 13,076,687
American Tower Corp. 3.40% 2019 7,525,000 7,546,461
Anadarko Petroleum Corp. 4.85% 2021 4,705,000 4,844,579
Anadarko Petroleum Corp. 5.55% 2026 10,320,000 11,073,649
Anadarko Petroleum Corp. 6.60% 2046 7,691,000 9,268,862
Analog Devices, Inc. 2.50% 2021 6,535,000 6,336,382
Analog Devices, Inc. 3.125% 2023 1,315,000 1,277,868
Analog Devices, Inc. 3.50% 2026 6,455,000 6,165,313
Andeavor Logistics LP 4.25% 2027 550,000 530,151
Anheuser-Busch InBev NV 2.65% 2021 5,775,000 5,697,702
Anheuser-Busch InBev NV 3.50% 2024 1,070,000 1,065,782
Anheuser-Busch InBev NV 3.65% 2026 18,635,000 18,266,959
Anheuser-Busch InBev NV 4.60% 2048 5,175,000 5,094,498
Anheuser-Busch InBev NV 4.90% 2046 1,000,000 1,032,041
Anthem, Inc. 3.65% 2027 1,500,000 1,423,160
Anthem, Inc. 4.101% 2028 9,000,000 8,837,226
Apple Inc. 1.55% 2021 12,130,000 11,631,324
Apple Inc. 2.90% 2027 13,500,000 12,706,835
Apple Inc. 3.00% 2024 170,000 166,565
Apple Inc. 3.00% 2027 750,000 713,250
Apple Inc. 3.20% 2027 510,000 492,507
Apple Inc. 3.35% 2027 502,000 490,563
Ascent Resources Marcellus Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 6.50%) 8.501% 2023 91,667 92,049
Assicurazioni Generali SPA 10.125% 2042 (3-month EUR-EURIBOR + 9.181% on 7/10/2022) 3,800,000 5,551,270
Assicurazioni Generali SPA 7.75% 2042 (3-month EUR-EURIBOR + 7.113% on 12/12/2022) 3,100,000 4,237,019
AstraZeneca PLC 2.375% 2022 370,000 356,234
BB&T Corp. 2.45% 2020 5,200,000 5,150,189
BB&T Corp. 3.70% 2025 1,325,000 1,319,182
BHP Billiton Finance Ltd. 6.25% 2075 (USD Semi Annual 30/360 (vs. 3M LIBOR) 5Y +4.971 on 10/19/20) 5,265,000 5,519,368
BNP Paribas 3.375% 2025 1,500,000 1,418,810
BNP Paribas 3.50% 2023 18,775,000 18,313,529
BNSF Funding Trust I 6.613% 2055 (3-month USD-LIBOR + 2.35% on 1/15/2026) 1,680,000 1,852,200
Baker Hughes, a GE Co. 3.337% 2027 1,000,000 931,269
Baker Hughes, a GE Co. 4.08% 2047 335,000 299,855
Bank of America Corp. 2.816% 2023 (3-month USD-LIBOR +0.930 on 07/21/2022) 45,485,000 43,992,819
Bank of America Corp. 3.124% 2023 (3-month USD-LIBOR + 1.16% on 01/20/2022) 42,500,000 41,792,715
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027) 11,506,000 10,843,508
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR +0.780 on 03/05/2023) 876,000 867,302
Bank of America Corp. 3.97% 2029 (3-month USD-LIBOR +1.070 on 03/05/2028) 18,891,000 18,607,881
Barclays Bank PLC 4.972% 2029 (3-month USD-LIBOR +1.902 on 05/16/2028) 2,800,000 2,778,283
Baxalta Inc. 4.00% 2025 985,000 965,448
Baxalta Inc. 5.25% 2045 550,000 568,306
Bayer US Finance II LLC 3.875% 2023 10,630,000 10,639,418
Bayer US Finance II LLC 4.25% 2025 2,518,000 2,536,422
Bayer US Finance II LLC 4.375% 2028 12,700,000 12,745,326
Bayer US Finance II LLC 4.875% 2048 11,730,000 11,887,898
Bayerische Motoren Werke AG 1.45% 2019 13,610,000 13,374,125
Becton, Dickinson and Co. 2.675% 2019 2,287,000 2,270,579
Becton, Dickinson and Co. 2.894% 2022 1,040,000 1,006,561
Becton, Dickinson and Co. 3.70% 2027 1,240,000 1,174,604
Becton, Dickinson and Co. 3.734% 2024 903,000 882,813
Becton, Dickinson and Co. 4.669% 2047 3,695,000 3,581,955
Berkshire Hathaway Energy Co. 2.375% 2021 350,000 342,813
Berkshire Hathaway Energy Co. 4.50% 2045 6,095,000 6,254,689
BlueMountain CLO Ltd., Series 2014-2A, Class AR, (3-month USD LIBOR + 0.93%) 3.289% 2026 8,280,000 8,289,025
Boardwalk Pipeline Partners, LP 3.375% 2023 2,000,000 1,927,438
Boston Scientific Corp. 2.85% 2020 470,000 466,696
Boston Scientific Corp. 3.375% 2022 700,000 690,995
Boston Scientific Corp. 3.85% 2025 500,000 495,442
Boston Scientific Corp. 6.00% 2020 3,675,000 3,830,048
British American Tobacco International Finance PLC 2.75% 2020 5,550,000 5,491,825
British American Tobacco International Finance PLC 3.50% 2022 4,020,000 3,984,294
British American Tobacco International Finance PLC 3.95% 2025 5,550,000 5,429,998
British American Tobacco PLC 2.764% 2022 465,000 446,183
British American Tobacco PLC 3.222% 2024 2,000,000 1,896,262
British American Tobacco PLC 3.557% 2027 12,360,000 11,517,320
British American Tobacco PLC 4.39% 2037 2,000,000 1,880,978
British American Tobacco PLC 4.54% 2047 2,500,000 2,341,650
Broadcom Ltd. 3.00% 2022 25,000,000 24,330,475
Broadcom Ltd. 3.50% 2028 7,000,000 6,384,812
Broadcom Ltd. 3.625% 2024 2,950,000 2,858,072
Broadcom Ltd. 3.875% 2027 12,360,000 11,707,429
CCO Holdings LLC and CCO Holdings Capital Corp. 3.579% 2020 6,805,000 6,807,334
CCO Holdings LLC and CCO Holdings Capital Corp. 3.75% 2028 750,000 680,315
CCO Holdings LLC and CCO Holdings Capital Corp. 4.20% 2028 1,830,000 1,715,883
CCO Holdings LLC and CCO Holdings Capital Corp. 4.464% 2022 760,000 769,148
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2027 5,000,000 4,681,250
CCO Holdings LLC and CCO Holdings Capital Corp. 5.375% 2047 7,315,000 6,661,054
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2048 12,770,000 12,397,078
CEVA Group PLC, Apollo Global Securities LLC LOC, (3-month USD-LIBOR + 5.50%) 4.292% 2021 713,793 713,347
CEVA Group PLC, Term Loan B, (3-month USD-LIBOR + 5.50%) 7.859% 2021 1,188,621 1,187,878
CEVA Logistics Canada, ULC, Term Loan, (3-month USD-LIBOR + 5.50%) 7.859% 2021 148,578 148,485
CEVA Logistics Holdings BV, Term Loan, (3-month USD-LIBOR + 5.50%) 7.859% 2021 290,716 290,534
CHEVRON CORP 4(2) CP 7/17/2018 25,000,000 24,975,700
CHEVRON USCP 4(2) CP 7/13/2018 34,200,000 34,174,316
CME Group Inc. 4.15% 2048 1,300,000 1,317,137
CMS Energy Corp. 5.05% 2022 2,669,000 2,800,123
COCA-COLA CO 4(2) CP 8/23/2018 50,000,000 49,844,550
CPS Auto Receivables Trust, Series 2016-A, Class B, 3.34% 2020 4,834,464 4,842,658
CPS Auto Receivables Trust, Series 2017-B, Class C, 2.92% 2022 5,700,000 5,664,540
CRC FUNDING LLC 4(2) CP 8/24/2018 50,000,000 49,834,800
CSX Corp. 3.80% 2028 2,040,000 1,990,652
CSX Corp. 4.30% 2048 1,500,000 1,434,018
CVS Health Corp. 1.90% 2018 4,550,000 4,549,099
CVS Health Corp. 2.125% 2021 11,310,000 10,878,953
CVS Health Corp. 3.70% 2023 3,153,000 3,124,226
CVS Health Corp. 4.10% 2025 6,249,000 6,223,817
CVS Health Corp. 4.30% 2028 49,308,000 48,714,332
CVS Health Corp. 4.78% 2038 3,281,000 3,253,400
CVS Health Corp. 5.05% 2048 12,845,000 13,023,070
Canadian Natural Resources Ltd. 2.95% 2023 190,000 183,446
Canadian Natural Resources Ltd. 3.80% 2024 180,000 178,562
Canadian Natural Resources Ltd. 3.85% 2027 5,695,000 5,563,987
Canadian Natural Resources Ltd. 4.95% 2047 125,000 129,409
Capital One Financial Corp. 1.85% 2019 1,500,000 1,479,239
Capital One Financial Corp. 2.40% 2020 11,650,000 11,369,072
Capital One Financial Corp. 2.50% 2020 45,100,000 44,478,748
Capital One Financial Corp. 3.45% 2021 5,000,000 4,991,430
Capital One Financial Corp. 4.25% 2025 9,000,000 8,980,236
Capital One Multi-Asset Execution Trust, Series 2015-A5, Class A5, 1.60% 2021 11,585,000 11,581,165
Cardinal Health, Inc. 4.368% 2047 375,000 331,406
Cenovus Energy Inc. 3.80% 2023 1,120,000 1,092,822
Cenovus Energy Inc. 4.25% 2027 18,130,000 17,487,926
Cenovus Energy Inc. 5.25% 2037 193,000 190,233
Cenovus Energy Inc. 5.40% 2047 17,404,000 17,087,265
Centene Corp. 4.75% 2022 200,000 202,250
Centene Corp. 4.75% 2025 325,000 324,188
Centene Corp. 5.375% 2026 17,280,000 17,550,086
Centene Corp. 5.625% 2021 1,780,000 1,822,053
Centene Corp. 6.125% 2024 375,000 396,094
CenterPoint Energy Transition Bond Co. III, LLC, Series 2008, Class A2, 5.234% 2023 884,434 902,955
Centerpoint Energy, Inc., 2.50% 2022 240,000 230,446
Chase Issuance Trust, Series 2013-A7, Class A, (1-month USD-LIBOR + 0.43%) 2.503% 2020 9,565,000 9,572,604
Cheniere Energy, Inc. 7.00% 2024 14,175,000 15,503,906
Chevron Corp. 2.355% 2022 5,000,000 4,781,620
Chevron Corp. 2.498% 2022 605,000 593,607
Church & Dwight Co., Inc. 3.15% 2027 750,000 696,984
Citigroup Commercial Mortgage Trust, Series 2008-C7, Class AM, 6.337% 2049 1,485,955 1,485,040
Citigroup Inc. 2.75% 2022 24,000,000 23,245,128
Citigroup Inc. 2.876% 2023 (3-month USD-LIBOR +0.950 on 07/24/2022) 29,518,000 28,482,390
Citigroup Inc. 2.90% 2021 8,500,000 8,332,797
Citigroup Inc. 4.044% 2024 (3-month USD-LIBOR +1.023 on 06/01/2023) 3,765,000 3,789,134
Citigroup Inc. 4.075% 2029 (3-month USD-LIBOR +1.192 on 04/23/2028) 1,267,000 1,244,551
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2009-E, 6.138% 2039 28,100,000 27,088,962
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-C, 6.319% 2029 4,650,000 4,603,500
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-D, 6.519% 2040 5,000,000 4,809,100
Cleveland Electric Illuminating Co. 8.875% 2018 7,475,000 7,633,253
Columbia Pipeline Partners LP 5.80% 2045 1,910,000 2,158,396
Comcast Corp. 3.00% 2024 1,000,000 956,853
Comcast Corp. 3.15% 2028 8,170,000 7,560,069
Comcast Corp. 3.30% 2027 240,000 225,970
Comcast Corp. 4.00% 2047 670,000 595,708
Comcast Corp. 4.00% 2048 12,344,000 10,892,802
Concho Resources Inc. 4.30% 2028 8,860,000 8,866,158
Concho Resources Inc. 4.85% 2048 6,839,000 6,953,143
ConocoPhillips 4.95% 2026 4,774,000 5,151,752
Consolidated Edison Co. of New York 4.50% 2058 2,760,000 2,748,204
Consolidated Edison Company of New York, Inc. 3.875% 2047 9,600,000 9,027,715
Constellation Brands, Inc. 2.25% 2020 9,000,000 8,791,299
Constellation Brands, Inc. 2.65% 2022 2,285,000 2,193,004
Constellation Brands, Inc. 3.20% 2023 540,000 525,821
Constellation Brands, Inc. 3.60% 2028 1,280,000 1,211,761
Constellation Brands, Inc. 4.10% 2048 5,000,000 4,463,220
Consumers Energy Co. 3.25% 2046 3,765,000 3,298,927
Consumers Energy Co. 4.05% 2048 8,570,000 8,569,066
Continental Airlines, Inc., Series 1999-1, Class A, 6.545% 2020 170,361 173,981
Continental Airlines, Inc., Series 1999-2, Class B, 7.566% 2021 378 405
Continental Airlines, Inc., Series 2000-1, Class A-1, 8.048% 2022 359,558 377,010
Continental Airlines, Inc., Series 2000-2, Class A1, 7.707% 2022 692,252 741,124
Continental Airlines, Inc., Series 2001-1, Class A-1, 6.703% 2022 62,314 66,987
Cooperatieve Rabobank U.A. 2.75% 2023 500,000 481,583
Corporate Office Properties LP 5.00% 2025 130,000 132,830
Corporate Office Properties LP 5.25% 2024 10,000 10,357
Corporate Risk Holdings LLC 13.50% 2020 388,093 415,260
Corporate Risk Holdings LLC 9.50% 2019 1,804,000 1,887,435
Credit Suisse Group AG 3.574% 2023 14,000,000 13,723,234
Credit Suisse Group AG 3.80% 2023 13,925,000 13,759,836
Credit Suisse Group AG 4.207% 2024 (3-month USD-LIBOR + 1.24% on 6/12/2023) 1,800,000 1,802,689
Crédit Agricole SA 3.75% 2023 3,640,000 3,568,969
Cumulus Media New Holdings Inc., TL, (3-month USD-LIBOR + 4.50%) 6.5% 2022 1,218,685 1,213,353
DCP Midstream Operating LP 4.95% 2022 500,000 506,875
DCT Industrial Trust Inc. 4.50% 2023 2,340,000 2,426,306
DNB ASA 2.375% 2021 250,000 242,280
DTE Electric Co 4.05% 2048 355,000 354,479
DaimlerChrysler North America Holding Corp. (3-month USD-LIBOR + 0.86%) 3.218% 2018 7,500,000 7,506,113
DaimlerChrysler North America Holding Corp. 1.50% 2019 1,000,000 985,594
DaimlerChrysler North America Holding Corp. 2.85% 2022 500,000 487,839
DaimlerChrysler North America Holding Corp. 3.00% 2021 500,000 494,390
DaimlerChrysler North America Holding Corp. 3.25% 2024 755,000 732,124
DaimlerChrysler North America Holding Corp. 3.30% 2025 5,500,000 5,315,646
DaimlerChrysler North America Holding Corp. 3.35% 2023 2,000,000 1,966,102
Danske Bank AS 2.80% 2021 750,000 737,471
Danske Bank AS 3.875% 2023 2,000,000 1,986,074
Deck Chassis Acquisition Inc. 10.00% 2023 3,000,000 3,195,000
Deutsche Bank AG 2.50% 2019 2,900,000 2,880,321
Deutsche Bank AG 2.85% 2019 8,700,000 8,625,467
Deutsche Bank AG 3.15% 2021 27,675,000 26,788,625
Deutsche Bank AG 3.95% 2023 10,000,000 9,608,970
Deutsche Telekom International Finance BV 1.95% 2021 16,364,000 15,610,700
Deutsche Telekom International Finance BV 2.485% 2023 300,000 280,021
Deutsche Telekom International Finance BV 3.60% 2027 795,000 750,757
Deutsche Telekom International Finance BV 4.375% 2028 825,000 819,781
Devon Energy Corp. 5.00% 2045 3,000,000 3,060,759
Diamond Offshore Drilling, Inc. 4.875% 2043 3,375,000 2,446,875
Discover Financial Services 10.25% 2019 2,700,000 2,868,990
Discover Financial Services 3.35% 2023 18,350,000 17,895,048
Discover Financial Services 4.10% 2027 12,500,000 12,006,888
Discovery Communications, Inc. 2.20% 2019 7,855,000 7,771,093
Discovery Communications, Inc. 2.95% 2023 4,185,000 4,005,246
Dominican Republic 5.95% 2027 8,100,000 8,029,125
Dominion Resources, Inc. 1.60% 2019 1,140,000 1,122,719
Dominion Resources, Inc. 1.875% 2018 5,450,000 5,429,535
Dominion Resources, Inc. 2.579% 2020 (2.579 on 07/01/2020) 20,575,000 20,277,979
Dominion Resources, Inc. 2.962% 2019 500,000 499,009
Drive Auto Receivables Trust, Series 2015-BA, Class C, 2.76% 2021 577,196 577,607
Drive Auto Receivables Trust, Series 2015-CA, Class C, 3.01% 2021 555,648 556,322
Drive Auto Receivables Trust, Series 2015-DA, Class C, 3.38% 2021 1,410,395 1,412,956
Drive Auto Receivables Trust, Series 2016-AA, Class C, 3.91% 2021 6,176,371 6,203,189
Drive Auto Receivables Trust, Series 2016-CA, Class C, 3.02% 2021 2,500,000 2,502,348
Drive Auto Receivables Trust, Series 2017-1, Class C, 2.84% 2022 12,000,000 11,984,676
Drive Auto Receivables Trust, Series 2017-2, Class C, 2.75% 2023 3,500,000 3,493,126
Drive Auto Receivables Trust, Series 2017-AA, Class C, 2.98% 2022 9,760,000 9,762,850
Drive Auto Receivables Trust, Series 2017-BA, Class C, 2.61% 2021 19,400,000 19,408,381
Drivetime Auto Owner Trust, Series 2016-3A, Class C, 3.15% 2022 2,203,329 2,205,823
Drivetime Auto Owner Trust, Series 2017-1A, Class B, 2.26% 2021 3,377,327 3,374,851
Drivetime Auto Owner Trust, Series 2017-1A, Class C, 2.70% 2022 6,625,000 6,603,429
Drivetime Auto Owner Trust, Series 2017-3A, Class C, 3.01% 2023 6,000,000 5,979,330
Drivetime Auto Owner Trust, Series 2017-4A, Class C, 2.86% 2023 4,440,000 4,414,603
Duke Energy Corp. 2.65% 2026 5,852,000 5,278,317
Duke Energy Corp. 3.75% 2024 4,026,000 4,015,544
Duke Energy Florida, LLC 3.40% 2046 6,745,000 5,935,519
Duke Energy Florida, LLC 3.80% 2028 1,025,000 1,031,619
Duke Energy Florida, LLC 4.20% 2048 500,000 504,649
EDP Finance BV 3.625% 2024 23,650,000 22,697,662
EMD Finance LLC 2.40% 2020 15,295,000 15,087,906
EMD Finance LLC 2.95% 2022 2,200,000 2,151,846
EPR Properties 4.50% 2025 385,000 380,735
EPR Properties 4.75% 2026 760,000 744,377
EQT Corp. 2.50% 2020 5,910,000 5,777,391
EQT Corp. 3.00% 2022 2,200,000 2,120,598
EQT Corp. 3.90% 2027 455,000 425,396
EXXON CORP CP 7/23/2018 50,000,000 49,934,900
EXXON MOBIL CORPORATION CP 8/28/2018 34,000,000 33,885,828
Econ. Dev. Auth., School Facs. Construction Rev. Ref. Bonds, Series 2015-YY, 4.447% 2020 2,500,000 2,552,600
Electricité de France SA 2.15% 2019 145,000 144,575
Emera Inc. 6.75% 2076 ((3-month USD-LIBOR + 5.440% on 06/15/2026) 1,950,000 2,037,750
Emera US Finance LP 2.70% 2021 954,000 929,119
Emera US Finance LP 3.55% 2026 495,000 466,708
Emera US Finance LP 4.75% 2046 2,495,000 2,464,331
EnLink Midstream Partners, LP 2.70% 2019 1,850,000 1,832,312
EnLink Midstream Partners, LP 4.40% 2024 365,000 351,422
EnLink Midstream Partners, LP 5.05% 2045 1,015,000 827,977
EnLink Midstream Partners, LP 5.45% 2047 475,000 400,437
Enbridge Energy Partners, LP 4.20% 2021 6,525,000 6,606,563
Enbridge Energy Partners, LP 4.375% 2020 7,700,000 7,839,686
Enbridge Energy Partners, LP 5.20% 2020 5,655,000 5,817,231
Enbridge Energy Partners, LP 5.875% 2025 13,960,000 15,210,062
Enbridge Energy Partners, LP 7.375% 2045 25,425,000 32,433,605
Enbridge Energy Partners, LP 9.875% 2019 10,500,000 10,954,314
Enbridge Inc. 4.00% 2023 1,600,000 1,606,478
Enel Finance International SA 2.75% 2023 800,000 745,042
Enel Finance International SA 3.625% 2027 3,369,000 3,086,257
Enel Società per Azioni 8.75% 2073 1,000,000 1,116,250
Energy Transfer Partners, LP 4.15% 2020 1,000,000 1,012,611
Energy Transfer Partners, LP 4.20% 2023 3,360,000 3,358,071
Energy Transfer Partners, LP 4.20% 2027 112,000 105,652
Energy Transfer Partners, LP 4.75% 2026 475,000 471,235
Energy Transfer Partners, LP 4.95% 2028 5,146,000 5,137,998
Energy Transfer Partners, LP 5.30% 2047 22,036,000 20,215,848
Energy Transfer Partners, LP 5.40% 2047 6,690,000 6,155,181
Energy Transfer Partners, LP 6.00% 2048 4,696,000 4,697,221
Energy Transfer Partners, LP 6.125% 2045 12,405,000 12,438,965
Energy Transfer Partners, LP 6.25% (undated) (3-month USD-LIBOR +4.028 on 02/15/2023) 8,150,000 7,564,219
Energy Transfer Partners, LP 6.625% 2049 (3-month USD-LIBOR +4.155 on 02/15/2028) 500,000 457,188
Ensco PLC, 5.20% 2025 340,000 283,475
Ensco PLC, 5.75% 2044 80,000 56,800
Entergy Corp. 2.95% 2026 415,000 379,593
Enterprise Fleet Financing LLC, Series 2017-1, Class A2, 2.13% 2022 9,099,519 9,047,588
Equifax Inc. 3.95% 2023 945,000 940,915
Equinix, Inc. 5.375% 2027 1,750,000 1,750,000
Essex Portfolio LP 3.25% 2023 335,000 325,993
Essex Portfolio LP 3.875% 2024 1,000,000 993,616
Eversource Energy 2.75% 2022 527,000 514,183
Exelon Corp. 3.40% 2026 1,570,000 1,493,149
Exeter Automobile Receivables Trust, Series 2014-1A, Class D, 5.53% 2021 2,846,515 2,864,662
Exeter Automobile Receivables Trust, Series 2015-1A, Class C, 4.10% 2020 6,912,067 6,954,832
Exeter Automobile Receivables Trust, Series 2015-2A, Class C, 3.90% 2021 3,000,000 3,024,567
Exeter Automobile Receivables Trust, Series 2015-3A, Class C, 4.83% 2019 1,000,000 1,016,292
Exeter Automobile Receivables Trust, Series 2017-3A, Class B, 2.81% 2022 8,100,000 8,011,653
Exxon Mobil Corp. 3.043% 2026 4,825,000 4,703,786
Exxon Mobil Corp. 4.114% 2046 498,000 507,702
FED HM LN BK BD 10/5/2018 50,000,000 49,747,500
FED HM LN BK BD 7/19/2018 50,000,000 49,958,000
FED HM LN BK BD 7/20/2018 40,300,000 40,264,133
FED HM LN BK BD 7/25/2018 44,600,000 44,549,602
FED HM LN BK BD 7/9/2018 25,000,000 24,991,500
FED HM LN BK BD 8/1/2018 50,000,000 49,926,000
FED HM LN BK BD 8/10/2018 39,000,000 38,923,560
FED HM LN BK BD 8/14/2018 59,600,000 59,473,052
FED HM LN BK BD 8/17/2018 27,900,000 27,836,388
FED HM LN BK BD 8/22/2018 40,000,000 39,897,200
FED HM LN BK BD 9/19/2018 50,000,000 49,790,000
FED HM LN BK BD 9/26/2018 50,000,000 49,771,500
FED HM LN BK BD 9/28/2018 76,000,000 75,631,147
FED HM LN BK BD 9/5/2018 50,000,000 49,831,000
FED HM LN BK DISC NT 7/11/2018 74,400,000 74,367,264
FED HM LN BK DISC NT 7/18/2018 69,900,000 69,846,177
FED HM LN MTG CORP DISC NT 8/20/2018 50,000,000 49,876,500
Fannie Mae 2.125% 2026 12,410,000 11,658,450
Fannie Mae 3.00% 2046 72,155,852 70,007,628
Fannie Mae 3.50% 2033 32,407,111 32,792,270
Fannie Mae 3.50% 2033 51,892,889 52,454,941
Fannie Mae 3.50% 2046 2,479,199 2,478,986
Fannie Mae 3.50% 2047 11,000,515 10,973,311
Fannie Mae 3.50% 2047 21,179,678 21,118,681
Fannie Mae 3.50% 2047 77,730,699 77,509,089
Fannie Mae 3.50% 2047 15,950,792 15,907,326
Fannie Mae 3.50% 2048 3,623,939 3,613,608
Fannie Mae 3.50% 2048 204,040,000 203,034,287
Fannie Mae 4.00% 2036 586,108 604,897
Fannie Mae 4.00% 2040 1,393,983 1,432,171
Fannie Mae 4.00% 2043 1,711,196 1,754,875
Fannie Mae 4.00% 2043 14,179,549 14,568,323
Fannie Mae 4.00% 2046 14,608,616 14,971,523
Fannie Mae 4.00% 2046 3,782,862 3,871,487
Fannie Mae 4.00% 2047 83,559,304 85,337,780
Fannie Mae 4.00% 2047 9,431,868 9,632,607
Fannie Mae 4.00% 2047 20,188,952 20,637,248
Fannie Mae 4.00% 2048 316,484,949 322,196,553
Fannie Mae 4.00% 2048 134,434,325 137,054,719
Fannie Mae 4.00% 2048 88,903,726 90,428,286
Fannie Mae 4.50% 2025 353,509 365,410
Fannie Mae 4.50% 2048 199,175,594 206,726,341
Fannie Mae 4.50% 2048 220,469,311 229,171,896
Fannie Mae 4.50% 2048 7,355,095 7,659,213
Fannie Mae 5.00% 2040 512,109 550,418
Fannie Mae 5.00% 2041 2,179,062 2,350,151
Fannie Mae 5.00% 2041 1,424,453 1,536,280
Fannie Mae 5.00% 2041 3,511,338 3,768,487
Fannie Mae 5.00% 2041 3,242,692 3,480,099
Fannie Mae 5.00% 2041 864,952 933,870
Fannie Mae 5.00% 2041 1,162,406 1,254,731
Fannie Mae 5.50% 2023 548,633 564,406
Fannie Mae 5.50% 2038 390,232 422,051
Fannie Mae 5.50% 2038 2,565,479 2,774,445
Fannie Mae 6.00% 2037 1,139,535 1,254,375
Fannie Mae 6.00% 2037 79,142 84,213
Fannie Mae Pool #924866 3.265% 2037 868,288 895,546
Fannie Mae, Series 2001-4, Class GA, 9.224% 2025 2,877 3,050
Fannie Mae, Series 2001-50, Class BA, 7.00% 2041 17,236 19,082
Fannie Mae, Series 2001-T10, Class A1, 7.00% 2041 28,614 32,479
Fannie Mae, Series 2002-W1, Class 2A, 5.839% 2042 40,841 44,362
Fannie Mae, Series 2002-W3, Class A5, 7.50% 2041 33,787 38,585
FirstEnergy Corp. 2.85% 2022 4,281,000 4,151,466
FirstEnergy Corp. 3.50% 2028 3,825,000 3,633,318
FirstEnergy Corp. 3.90% 2027 18,314,000 17,793,278
FirstEnergy Corp. 4.10% 2028 1,230,000 1,231,804
FirstEnergy Corp. 4.85% 2047 12,205,000 12,517,778
FirstEnergy Corp. 7.375% 2031 5,150,000 6,686,878
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 2031 32,610,000 32,131,122
Ford Credit Floorplan Master Owner Trust, Series 2016-3, Class B, 1.75% 2021 1,620,000 1,600,975
Ford Motor Co. 5.291% 2046 1,810,000 1,684,877
Ford Motor Credit Co. 2.262% 2019 9,700,000 9,653,760
Ford Motor Credit Co. 2.375% 2019 18,650,000 18,580,827
Ford Motor Credit Co. 2.681% 2020 17,750,000 17,589,451
Ford Motor Credit Co. 3.157% 2020 11,410,000 11,345,043
Ford Motor Credit Co. 3.219% 2022 7,315,000 7,157,954
Ford Motor Credit Co. 3.336% 2021 300,000 297,464
Ford Motor Credit Co. 3.47% 2021 17,500,000 17,403,383
Ford Motor Credit Co. 3.81% 2024 6,050,000 5,877,617
Ford Motor Credit Co. 4.134% 2025 10,000,000 9,763,690
France Télécom 9.00% 2031 1,580,000 2,171,778
Freddie Mac 3.00% 2048 41,200,000 39,859,805
Freddie Mac 3.50% 2045 37,386,365 37,513,479
Freddie Mac 3.50% 2047 73,151,207 72,822,831
Freddie Mac 3.50% 2047 8,615,346 8,575,724
Freddie Mac 3.50% 2048 33,110,000 32,927,994
Freddie Mac 4.00% 2036 800,998 825,736
Freddie Mac 4.00% 2047 3,878,689 3,962,473
Freddie Mac 4.00% 2048 37,117,228 37,821,899
Freddie Mac 4.00% 2048 73,021,772 74,302,574
Freddie Mac 4.50% 2040 492,725 518,472
Freddie Mac 4.50% 2041 556,349 585,420
Freddie Mac 4.50% 2048 2,171,799 2,260,265
Freddie Mac 4.50% 2048 8,328,201 8,652,443
Freddie Mac 5.50% 2033 142,042 153,279
Freddie Mac 5.50% 2038 144,860 156,638
Freddie Mac 5.50% 2038 113,321 122,562
Freddie Mac 5.50% 2039 213,993 231,361
Freddie Mac 5.50% 2040 786,407 847,568
Freddie Mac 5.50% 2041 1,143,551 1,236,271
Freddie Mac, Series 3061, Class PN, 5.50% 2035 142,199 153,911
Freddie Mac, Series 3146, Class PO, principal only, 0% 2036 316,499 264,719
Freddie Mac, Series 3156, Class PO, principal only, 0% 2036 290,083 245,741
Freddie Mac, Series 3318, Class JT, 5.50% 2037 354,726 372,244
Freddie Mac, Series K020, Class A2, Multi Family, 2.373% 2022 4,500,000 4,397,459
Freddie Mac, Series K716, Class A2, Multi Family, 3.132% 2021 6,875,000 6,897,612
Freddie Mac, Series K718, Class A2, Multi Family, 2.791% 2022 9,640,000 9,567,661
Frontier Communications Corp. 11.00% 2025 300,000 241,410
G.O. Bonds, Pension Funding Series 2003, 4.95% 2023 26,190,000 26,662,991
G.O. Bonds, Pension Funding Series 2003, 5.10% 2033 93,085,000 88,238,995
G.O. Bonds, Pension Funding Series 2013, 5.877% 2019 400,000 407,140
G.O. Bonds, Series 2013-B, 3.65% 2020 1,000,000 996,770
G.O. Bonds, Series 2013-B, 4.11% 2022 750,000 736,185
G.O. Bonds, Series 2013-B, 4.31% 2023 2,125,000 2,063,439
G.O. Bonds, Series 2013-B, 4.91% 2027 1,450,000 1,359,520
G.O. Bonds, Taxable Build America Bonds, Series 2010-1, 6.63% 2035 4,360,000 4,626,963
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.65% 2020 250,000 257,340
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.85% 2022 2,370,000 2,467,360
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.95% 2023 3,210,000 3,338,175
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 6.15% 2025 3,955,000 4,103,471
G.O. Bonds, Taxable Build America Bonds, Series 2010-3, 5.547% 2019 335,000 340,430
G.O. Bonds, Taxable Build America Bonds, Series 2010-3, 5.727% 2020 2,400,000 2,475,528
G.O. Taxable Build America Bonds, Series 2010-5, 6.20% 2021 7,784,000 8,043,052
GM Financial Consumer Automobile Receivables Trust, Series 2018-1, Class B, 2.57% 2023 520,000 511,241
GM Financial Consumer Automobile Receivables Trust, Series 2018-1, Class C, 2.77% 2023 360,000 353,518
GMF Floorplan Owner Revolving Trust, Series 2017-1, Class A1, 2.22% 2022 7,365,000 7,286,040
General Dynamics Corp. 3.375% 2023 425,000 425,995
General Dynamics Corp. 3.75% 2028 1,260,000 1,272,527
General Electric Capital Corp. 2.342% 2020 4,788,000 4,679,308
General Electric Capital Corp. 3.10% 2023 1,850,000 1,809,165
General Electric Capital Corp. 3.373% 2025 4,815,000 4,629,574
General Electric Co. 2.70% 2022 5,000,000 4,839,790
General Mills, Inc. (3-month USD-LIBOR + 0.54%) 2.893% 2021 11,020,000 11,040,795
General Mills, Inc. 3.20% 2021 2,270,000 2,259,556
General Motors Co. 4.35% 2025 11,555,000 11,401,411
General Motors Co. 5.40% 2048 7,500,000 7,140,060
General Motors Financial Co. 2.40% 2019 17,990,000 17,910,088
General Motors Financial Co. 3.15% 2022 12,500,000 12,159,638
General Motors Financial Co. 3.50% 2024 10,575,000 10,079,646
General Motors Financial Co. 3.70% 2020 15,895,000 15,983,090
General Motors Financial Co. 3.70% 2023 11,500,000 11,307,019
General Motors Financial Co. 3.95% 2024 5,769,000 5,650,574
General Motors Financial Co. 4.20% 2021 1,500,000 1,521,834
GlaxoSmithKline PLC 3.375% 2023 17,500,000 17,513,108
GlaxoSmithKline PLC 3.875% 2028 1,027,000 1,036,154
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR +0.990 on 07/24/2022) 48,156,000 46,412,753
Goldman Sachs Group, Inc. 3.75% 2025 638,000 623,225
Goldman Sachs Group, Inc. 3.814% 2029 (3-month USD-LIBOR + 1.158 on 04/23/2028) 10,000,000 9,511,440
Goldman Sachs Group, Inc. 4.223% 2029 (3-month USD-LIBOR +1.301 on 05/01/2028) 5,642,000 5,567,165
Goldman Sachs Group, Inc. 5.30% (undated)(3-month USD-LIBOR + 3.834% on 11/10/2026) 1,850,000 1,813,000
Goldman Sachs Group, Inc. 5.75% 2022 5,000,000 5,351,345
Government National Mortgage Assn. 4.00% 2048 196,438,645 201,299,716
Government National Mortgage Assn. 4.00% 2048 151,761,355 155,291,628
Government National Mortgage Assn. 4.50% 2040 1,110,526 1,167,653
Government National Mortgage Assn. 4.50% 2048 25,353,825 26,313,011
Government National Mortgage Assn. 4.50% 2048 92,096,175 95,738,671
Great Plains Energy Inc. 4.20% 2047 749,000 738,736
Great Plains Energy Inc. 4.20% 2048 2,375,000 2,342,318
Groupe BPCE SA 2.75% 2021 9,500,000 9,232,879
Groupe BPCE SA 5.15% 2024 5,211,000 5,288,217
Groupe BPCE SA 5.70% 2023 31,666,000 33,152,719
HCA Inc. 6.50% 2020 1,550,000 1,617,813
HSBC Holdings PLC 3.033% 2023 (3-month USD-LIBOR +0.923 on 11/12/2022) 450,000 434,486
HSBC Holdings PLC 3.326% 2024 750,000 748,346
HSBC Holdings PLC 3.95% 2024 (3-month USD-LIBOR +0.987 on 05/18/2023) 625,000 623,674
HSBC Holdings PLC 4.583% 2029 (3-month USD-LIBOR + 1.535% on 6/19/2028) 13,500,000 13,646,273
HYUNDAI CAPITAL AMERICA 3.9% 06-08-21 10,000,000 9,994,960
Harris Corp. 2.70% 2020 1,400,000 1,388,164
Harris Corp. 3.832% 2025 945,000 927,700
Herbalife Ltd., Term Loan, (3-month USD-LIBOR + 5.50%) 7.593% 2023 8,434,601 8,525,974
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2013-1A, Class A2, 1.83% 2019 3,666,667 3,663,216
High-Speed Passenger Train G.O. Rev. Ref. Bonds, Series 2017-A, 2.367% 2022 3,875,000 3,776,575
Holcim Ltd. 5.15% 2023 1,760,000 1,847,810
Home Depot, Inc. 3.90% 2047 530,000 508,512
Home Depot, Inc. 4.40% 2021 7,500,000 7,771,545
Home Equity Mortgage Trust, Series 2006-6, Class 2A1, (1-month USD-LIBOR + 0.10%) 2.291% 2037 1,357,927 103,501
Hospitality Properties Trust 3.95% 2028 1,810,000 1,656,275
Hospitality Properties Trust 4.25% 2021 4,750,000 4,784,257
Hospitality Properties Trust 4.50% 2025 855,000 837,696
Hospitality Properties Trust 5.00% 2022 1,370,000 1,408,904
Howard Hughes Corp. 5.375% 2025 5,700,000 5,607,375
Hurricane Catastrophe Fund Fin. Corp., Rev. Bonds, Series 2013-A, 2.995% 2020 15,000,000 15,048,000
Husky Energy Inc. 7.25% 2019 3,390,000 3,578,528
Hyundai Capital America 2.00% 2019 365,000 360,335
Hyundai Capital America 2.55% 2020 4,700,000 4,620,650
Hyundai Capital America 2.60% 2020 325,000 319,835
Hyundai Capital America 2.75% 2020 3,821,000 3,759,325
Hyundai Capital America 3.25% 2022 2,021,000 1,967,437
Hyundai Capital Services Inc. 1.625% 2019 1,600,000 1,569,386
IPALCO Enterprises, Inc. 3.70% 2024 200,000 194,062
Iberdrola Finance Ireland 5.00% 2019 1,825,000 1,863,111
Imperial Tobacco Finance PLC 3.50% 2023 2,835,000 2,773,376
Infor (US), Inc. 5.75% 2020 225,000 227,953
Intercontinentalexchange, Inc. 2.50% 2018 1,295,000 1,295,062
Intesa Sanpaolo SpA 3.375% 2023 9,100,000 8,370,635
Intesa Sanpaolo SpA 3.875% 2019 1,485,000 1,485,239
Intesa Sanpaolo SpA 3.875% 2027 4,870,000 4,208,298
Intesa Sanpaolo SpA 4.375% 2048 425,000 331,785
Intesa Sanpaolo SpA 5.017% 2024 79,790,000 72,485,624
Intesa Sanpaolo SpA 5.71% 2026 19,140,000 17,521,675
Italy (Republic of) 0.95% 2023 45,000,000 50,753,493
Italy (Republic of) 2.00% 2028 24,000,000 26,482,817
JBS ESAL LLC 6.25% 2023 9,600,000 9,012,000
JBS SA 7.25% 2024 15,000,000 14,584,350
JEA, Electric System Rev. Bonds, Series 2017-B, 5.00% 2031 500,000 585,030
JPMorgan Chase & Co. 2.70% 2023 17,325,000 16,637,527
JPMorgan Chase & Co. 2.776% 2023 (3-month USD-LIBOR + 0.935% on 04/25/2022) 12,000,000 11,645,784
JPMorgan Chase & Co. 3.33% 2026 1,000,000 956,915
JPMorgan Chase & Co. 3.509% 2029 (3-month USD-LIBOR +0.945 on 01/23/2028) 10,745,000 10,201,808
JPMorgan Chase & Co. 3.559% 2024 (3-month USD-LIBOR +0.730 on 04/23/2023) 11,500,000 11,395,592
JPMorgan Chase & Co. 4.005% 2029 (3-month USD-LIBOR +1.120 on 04/23/2028) 5,076,000 5,016,413
Japan, Series 19, 0.10% 2024 5,377,070,000 50,873,692
Japan, Series 20, 0.10% 2025 11,340,000,000 107,392,765
Jefferies Financial Group Inc. 5.5% 2023 520,000 538,045
Kimco Realty Corp. 3.40% 2022 1,045,000 1,029,859
Kimco Realty Corp. 6.875% 2019 3,500,000 3,653,640
Kinder Morgan Energy Partners, LP 5.40% 2044 5,270,000 5,129,391
Kinder Morgan Energy Partners, LP 5.50% 2044 925,000 921,240
Kinder Morgan Energy Partners, LP 6.50% 2037 900,000 973,640
Kinder Morgan Energy Partners, LP 6.85% 2020 7,650,000 8,058,311
Kinder Morgan, Inc. 4.30% 2025 257,000 256,035
Kinder Morgan, Inc. 4.30% 2028 500,000 485,353
Kinder Morgan, Inc. 5.05% 2046 248,000 234,512
Kinder Morgan, Inc. 5.20% 2048 16,405,000 15,907,289
Kinder Morgan, Inc. 5.30% 2034 760,000 750,378
Kinder Morgan, Inc. 5.55% 2045 12,055,000 12,213,306
Kroger Co. 2.00% 2019 4,005,000 3,986,389
Kroger Co. 2.60% 2021 9,500,000 9,307,283
L.A. Arena Funding, LLC, Series 1, Class A, 7.656% 2026 551,200 563,817
LB-UBS Commercial Mortgage Trust, Series 2007-C6, Class AM, 6.114% 2040 810,960 810,792
Laboratory Corporation of America Holdings 3.60% 2027 500,000 475,883
Laboratory Corporation of America Holdings 4.70% 2045 4,360,000 4,278,385
Lloyds Banking Group PLC 2.907% 2023 (3-month USD-LIBOR +0.810 on 11/07/2022) 11,950,000 11,389,808
Lloyds Banking Group PLC 4.375% 2028 9,350,000 9,251,030
Lloyds Banking Group PLC 4.45% 2025 800,000 805,258
Lockheed Martin Corp. 2.50% 2020 3,155,000 3,113,969
Lockheed Martin Corp. 3.10% 2023 1,155,000 1,140,872
Lockheed Martin Corp. 3.55% 2026 2,545,000 2,507,932
Lockheed Martin Corp. 4.50% 2036 2,155,000 2,241,935
Lockheed Martin Corp. 4.70% 2046 5,369,000 5,705,142
Lowe's Companies, Inc. 4.05% 2047 500,000 473,721
MGM Resorts International 7.75% 2022 2,000,000 2,185,000
MPLX LP 4.00% 2028 4,865,000 4,636,418
MPLX LP 4.125% 2027 105,000 100,303
MPLX LP 4.70% 2048 700,000 652,060
MPLX LP 5.20% 2047 110,000 109,284
Malaysia (Federation of), Series 0315, 3.659% 2020 49,000,000 12,152,000
Malaysia (Federation of), Series 0416, 3.62% 2021 42,750,000 10,579,374
Manitoba (Province of) 3.05% 2024 5,050,000 4,997,026
Maple Escrow 4.057% 2023 15,805,000 15,881,243
Maple Escrow 4.417% 2025 6,207,000 6,245,843
Maple Escrow 4.597% 2028 17,912,000 18,006,092
Maple Escrow 5.085% 2048 12,594,000 12,736,174
Marathon Oil Corp. 4.40% 2027 10,400,000 10,451,865
McDonald's Corp. 3.35% 2023 110,000 109,737
McDonald's Corp. 3.50% 2027 7,385,000 7,214,872
McDonald's Corp. 4.45% 2047 4,360,000 4,343,401
McDonald's Corp. 4.875% 2045 7,365,000 7,762,320
Medtronic, Inc. 4.625% 2045 5,015,000 5,324,275
MetLife Capital Trust IV 7.875% 2067 (3-month USD-LIBOR + 3.96% on 12/01/2037) 1,505,000 1,873,605
Metlife, Inc. 3.60% 2025 3,590,000 3,542,214
Metropolitan Life Global Funding I 1.75% 2018 1,455,000 1,450,108
Metropolitan Life Global Funding I 2.00% 2020 7,785,000 7,625,306
Metropolitan Life Global Funding I 2.30% 2019 675,000 672,833
Microsoft Corp. 4.25% 2047 10,250,000 10,890,615
MidAmerican Energy Holdings Co. 3.75% 2023 5,890,000 5,965,922
Mississippi Power Co. 3.95% 2028 2,000,000 1,983,550
Mississippi Power Co. 4.25% 2042 13,447,000 12,930,205
Mitsubishi UFJ Financial Group, Inc. 3.455% 2023 580,000 575,209
Molson Coors Brewing Co. 1.90% 2019 5,865,000 5,824,250
Molson Coors Brewing Co. 2.10% 2021 2,515,000 2,413,261
Molson Coors Brewing Co. 2.25% 2020 5,025,000 4,947,273
Molson Coors Brewing Co. 3.00% 2026 5,730,000 5,212,266
Molson Coors Brewing Co. 4.20% 2046 4,730,000 4,259,866
Mondelez International, Inc. 1.625% 2019 18,600,000 18,284,098
Morgan Stanley 2.50% 2021 44,400,000 43,379,155
Morgan Stanley 2.625% 2021 7,200,000 6,992,518
Morgan Stanley 3.125% 2023 35,350,000 34,514,149
Morgan Stanley 3.125% 2026 7,270,000 6,767,469
Morgan Stanley 3.737% 2024 (3-month USD-LIBOR +0.847 on 04/24/2023) 500,000 497,383
Morgan Stanley 3.772% 2029 (3-month USD-LIBOR + 1.140 on 01/24/2028) 922,000 889,535
Morgan Stanley 3.875% 2026 8,772,000 8,640,367
Mosaic Co. 4.05% 2027 470,000 449,840
Mylan Laboratories Inc. 2.50% 2019 1,925,000 1,916,686
NBC Universal Enterprise, Inc. 5.25% 2049 5,170,000 5,234,625
NBCUniversal Media, LLC 5.15% 2020 10,000,000 10,335,900
NGL Energy Partners LP 6.875% 2021 1,000,000 1,016,250
NIKE, Inc. 3.875% 2045 7,145,000 6,894,711
NV Energy, Inc 6.25% 2020 2,950,000 3,152,043
NXP BV and NXP Funding LLC 4.125% 2021 2,000,000 2,000,000
National Grid Plc 3.15% 2027 275,000 259,626
National Rural Utilities Cooperative Finance Corp. 10.375% 2018 13,750,000 14,102,811
Nationstar HECM Loan Trust, Series 2017-1A, Class M1, 2.9419% 2027 1,055,000 1,046,739
Nationstar HECM Loan Trust, Series 2017-2A, Class M1, 2.8154% 2027 1,115,000 1,102,108
Nevada Power Co., General and Refunding Mortgage Notes, Series V, 7.125% 2019 5,500,000 5,670,506
New York Life Global Funding 1.70% 2021 1,250,000 1,190,185
New York Life Global Funding 1.95% 2020 145,000 142,341
New York Life Global Funding 2.10% 2019 1,000,000 997,437
New York Life Global Funding 2.30% 2022 500,000 480,874
Newell Rubbermaid Inc. 3.85% 2023 2,380,000 2,346,075
Newell Rubbermaid Inc. 4.20% 2026 3,965,000 3,832,902
News America Inc. 4.00% 2023 1,100,000 1,115,286
NiSource Finance Corp. 2.65% 2022 275,000 266,001
Niagara Mohawk Power Corp. 3.508% 2024 7,875,000 7,876,000
Niagara Mohawk Power Corp. 4.278% 2034 1,000,000 1,035,391
Nissan Motor Co., Ltd. 2.60% 2022 1,415,000 1,359,236
Noble Corp. PLC 7.95% 2025 1,995,000 1,865,325
Noble Corp. PLC 8.95% 2045 1,760,000 1,614,800
Nordea Bank AB 2.50% 2020 7,425,000 7,304,173
Northrop Grumman Corp., 3.25% 2028 13,770,000 12,981,626
Odebrecht Drilling Norbe 0% 2049 1,195,431 19,187
Odebrecht Drilling Norbe 6.72% 2022 90,653 82,268
Odebrecht Drilling Norbe 7.35% 2026 33,246 16,540
Odebrecht Drilling Norbe 7.72% 2026 292,372 78,210
Omega Healthcare Investors, Inc. 4.375% 2023 900,000 894,257
Ontario (Province of) 3.20% 2024 9,000,000 8,974,710
Oracle Corp. 4.00% 2046 250,000 236,276
Oracle Corp. 4.125% 2045 2,525,000 2,438,723
Orange SA 2.75% 2019 3,570,000 3,568,126
PACCAR FINANCIAL CORP. CP 7/23/2018 42,000,000 41,944,518
PEPSICO INC 4(2) CP 8/1/2018 30,000,000 29,945,130
PEPSICO INC 4(2) CP 8/7/2018 40,000,000 39,912,680
PFIZER INC 4(2) CP 7/2/2018 70,000,000 69,988,940
PFIZER INC 4(2) CP 8/20/2018 39,000,000 38,884,521
PNC Bank 2.55% 2021 1,000,000 975,556
PNC Financial Services Group, Inc. 2.854% 2022 6,050,000 5,889,984
PNC Funding Corp. 3.30% 2022 9,000,000 8,948,790
Pacific Gas and Electric Co. 2.45% 2022 7,875,000 7,309,339
Pacific Gas and Electric Co. 2.95% 2026 1,574,000 1,406,363
Pacific Gas and Electric Co. 3.25% 2023 6,215,000 5,938,880
Pacific Gas and Electric Co. 3.30% 2027 1,600,000 1,438,979
Pacific Gas and Electric Co. 3.40% 2024 850,000 795,273
Pacific Gas and Electric Co. 3.50% 2025 225,000 210,221
Pacific Gas and Electric Co. 3.75% 2042 97,000 80,263
Pacific Gas and Electric Co. 3.95% 2047 275,000 236,008
Pacific Gas and Electric Co. 4.75% 2044 336,000 319,645
Pacific Gas and Electric Co. 5.40% 2040 204,000 208,129
Pacific Gas and Electric Co. 5.80% 2037 55,000 57,659
Pacific Gas and Electric Co. 6.35% 2038 100,000 107,944
Panama (Republic of) 4.50% 2050 460,000 443,325
Pennsylvania Electric Co. 3.25% 2028 1,355,000 1,265,441
Peru (Republic of) 4.125% 2027 9,540,000 9,778,500
Petrobras Global Finance Co. 5.299% 2025 409,000 378,427
Petrobras Global Finance Co. 5.75% 2029 15,615,000 13,751,037
Petrobras Global Finance Co. 5.999% 2028 303,000 274,745
Petrobras Global Finance Co. 6.125% 2022 2,464,000 2,512,048
Petrobras Global Finance Co. 6.85% 2115 335,000 282,740
Petrobras Global Finance Co. 7.25% 2044 45,000 41,794
Petrobras Global Finance Co. 7.375% 2027 390,000 390,488
Petrobras Global Finance Co. 8.75% 2026 19,450,000 21,093,525
Petróleos Mexicanos 5.35% 2028 11,950,000 11,340,550
Petróleos Mexicanos 6.35% 2048 16,420,000 14,942,200
Petróleos Mexicanos 6.50% 2027 9,880,000 10,119,590
Petróleos Mexicanos 6.75% 2047 460,000 438,380
Petróleos Mexicanos 7.47% 2026 2,950,000 12,849,198
Pfizer Inc. 7.20% 2039 100,000 138,806
Philip Morris International Inc. 2.50% 2022 2,500,000 2,399,148
Philip Morris International Inc. 4.25% 2044 10,675,000 10,129,465
Phillips 66 3.90% 2028 7,325,000 7,160,459
Phillips 66 Partners LP 3.55% 2026 570,000 533,764
Phillips 66 Partners LP 3.75% 2028 160,000 149,773
Phillips 66 Partners LP 4.68% 2045 125,000 117,516
Phillips 66 Partners LP 4.90% 2046 210,000 201,884
Piedmont Operating Partnership LP 4.45% 2024 1,000,000 1,006,966
Pioneer Natural Resources Co. 3.45% 2021 185,000 185,489
Plains All American Pipeline, LP 4.50% 2026 1,250,000 1,225,286
Portuguese Republic 4.10% 2045 375,000 540,030
Portuguese Republic 5.125% 2024 100,550,000 104,384,273
Portuguese Republic 5.65% 2024 20,000,000 29,598,872
Progress Energy, Inc. 7.05% 2019 3,180,000 3,271,775
Progress Energy, Inc. 7.75% 2031 1,920,000 2,560,301
Prudential Financial, Inc. 3.878% 2028 500,000 494,988
Prudential Financial, Inc. 4.418% 2048 250,000 246,929
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2014-A, 5.50% 2054 875,000 952,578
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-A, 5.00% 2050 840,000 898,624
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-E, 5.25% 2055 2,765,000 3,008,707
Public Service Co. of Colorado 4.10% 2048 1,250,000 1,258,798
Public Service Co. of Colorado 5.80% 2018 7,860,000 7,879,878
Public Service Enterprise Group Inc. 2.00% 2021 3,061,000 2,913,175
Public Service Enterprise Group Inc. 2.65% 2022 3,075,000 2,962,357
Public Storage 3.094% 2027 165,000 155,352
Puget Energy, Inc. 3.65% 2025 3,000,000 2,923,101
Puget Energy, Inc. 5.625% 2022 8,104,000 8,600,224
Puget Energy, Inc. 6.00% 2021 8,286,000 8,867,445
Puget Energy, Inc. 6.50% 2020 5,394,000 5,779,455
QGOG Atlantic/Alaskan Rigs Ltd. 5.25% 2019 329,200 318,501
Qatar (State of) 3.875% 2023 5,475,000 5,481,220
Qatar (State of) 4.50% 2028 12,440,000 12,578,022
Qatar (State of) 5.103% 2048 8,600,000 8,593,378
Ras Laffan Liquefied Natural Gas II 5.298% 2020 299,592 306,707
Republic Services, Inc. 3.375% 2027 1,215,000 1,153,362
Republic Services, Inc. 5.00% 2020 5,000,000 5,151,805
Reynolds American Inc. 3.25% 2020 4,960,000 4,952,342
Reynolds American Inc. 3.25% 2022 2,250,000 2,207,565
Reynolds American Inc. 4.00% 2022 4,330,000 4,360,812
Reynolds American Inc. 4.45% 2025 15,670,000 15,771,040
Reynolds American Inc. 4.85% 2023 6,430,000 6,688,904
Reynolds American Inc. 5.70% 2035 1,255,000 1,350,330
Reynolds American Inc. 5.85% 2045 9,000,000 9,870,336
Roche Holdings, Inc. 2.375% 2027 500,000 456,251
Rockwell Collins, Inc. 2.80% 2022 245,000 238,881
Roper Technologies, Inc. 2.80% 2021 175,000 171,032
S.A.C.I. Falabella 3.75% 2027 660,000 611,490
SCANA Corp. 4.125% 2022 2,435,000 2,397,520
SCANA Corp. 4.75% 2021 3,000,000 3,032,073
SCANA Corp. 6.25% 2020 1,300,000 1,339,333
Sabine Pass Liquefaction, LLC 5.625% 2021 1,100,000 1,151,016
Sabine Pass Liquefaction, LLC 5.625% 2023 1,000,000 1,061,708
Sabine Pass Liquefaction, LLC 5.625% 2025 11,500,000 12,245,327
Sabine Pass Liquefaction, LLC 5.75% 2024 9,000,000 9,621,189
Sabine Pass Liquefaction, LLC 5.875% 2026 18,200,000 19,543,124
Sabine Pass Liquefaction, LLC 6.25% 2022 2,800,000 3,013,758
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 300,000 278,250
Santander Drive Auto Receivables Trust, Series 2016-1, Class B, 2.47% 2020 1,874,094 1,873,884
Santander Drive Auto Receivables Trust, Series 2016-1, Class C, 3.09% 2022 10,775,000 10,788,932
Santander Drive Auto Receivables Trust, Series 2016-3, Class C, 2.46% 2022 1,200,000 1,192,738
Santander Drive Auto Receivables Trust, Series 2017-1, Class C, 2.58% 2022 13,605,000 13,513,574
Santander Drive Auto Receivables Trust, Series 2017-3, Class C, 2.76% 2022 3,955,000 3,921,750
Saudi Arabia (Kingdom of) 2.875% 2023 5,280,000 5,086,646
Saudi Arabia (Kingdom of) 3.625% 2028 11,435,000 10,897,784
Saudi Arabia (Kingdom of) 3.628% 2027 5,000,000 4,833,910
Saudi Arabia (Kingdom of) 4.00% 2025 4,985,000 4,967,702
Saudi Arabia (Kingdom of) 4.50% 2030 9,985,000 9,992,678
Saudi Arabia (Kingdom of) 4.625% 2047 225,000 210,272
Saudi Arabia (Kingdom of) 5.00% 2049 315,000 307,144
Scentre Group 2.375% 2019 2,465,000 2,434,237
Scentre Group 2.375% 2021 175,000 169,260
Scentre Group 3.50% 2025 4,765,000 4,597,725
Schlumberger BV 3.00% 2020 600,000 596,724
Schlumberger BV 3.625% 2022 222,000 222,179
Schlumberger BV 4.00% 2025 9,586,000 9,566,215
Sherwin-Williams Co. 2.75% 2022 250,000 242,186
Sherwin-Williams Co. 3.125% 2024 145,000 138,621
Sherwin-Williams Co. 3.45% 2027 2,485,000 2,349,910
Sherwin-Williams Co. 4.50% 2047 235,000 224,990
Shire PLC 1.90% 2019 25,600,000 25,216,102
Shire PLC 2.40% 2021 30,279,000 29,007,766
Shire PLC 2.875% 2023 13,948,000 13,131,219
Shire PLC 3.20% 2026 20,770,000 19,060,380
Social Professional Loan Program LLC, Series 2015-C, Class A2, 2.51% 2033 2,101,334 2,065,101
SoftBank Group Corp. 3.36% 2023 10,156,250 10,067,383
South Carolina Electric & Gas Co. 4.10% 2046 225,000 205,224
South Carolina Electric & Gas Co. 4.35% 2042 75,000 71,396
South Carolina Electric & Gas Co. 5.30% 2033 515,000 548,557
South Carolina Electric & Gas Co. 5.45% 2041 1,874,000 2,032,653
Southwestern Energy Co. 4.10% 2022 3,625,000 3,480,000
Southwestern Energy Co. 6.70% 2025 (6.20% on 07/23/2018) 6,305,000 6,194,663
Spain (Kingdom of) 2.70% 2048 38,250,000 46,485,995
Spectra Energy Partners, LP 2.95% 2018 1,615,000 1,615,441
Standard Chartered PLC 3.885% 2024 (3-month USD-LIBOR +1.080 on 03/15/2023) 1,500,000 1,473,929
Starbucks Corp. 3.75% 2047 3,885,000 3,388,000
Sumitomo Mitsui Banking Corp. 2.784% 2022 1,600,000 1,549,350
Sumitomo Mitsui Banking Corp. 3.102% 2023 580,000 566,804
Svenska Handelsbanken AB 1.875% 2021 250,000 238,817
Synchrony Bank 3.65% 2021 6,775,000 6,783,028
TC PipeLines, LP 4.375% 2025 470,000 465,328
Tampa Electric Co. 2.60% 2022 4,550,000 4,379,088
Targa Resources Partners LP 5.125% 2025 175,000 173,250
Targa Resources Partners LP 5.375% 2027 175,000 170,188
Teco Finance, Inc. 5.15% 2020 2,091,000 2,148,981
Tencent Holdings Ltd. 2.985% 2023 10,350,000 10,066,296
Tencent Holdings Ltd. 3.595% 2028 7,500,000 7,100,775
Tenet Healthcare Corp., 6.00% 2020 1,340,000 1,381,875
Teva Pharmaceutical Finance Company BV 2.20% 2021 21,014,000 19,503,808
Teva Pharmaceutical Finance Company BV 2.80% 2023 84,169,000 72,758,630
Teva Pharmaceutical Finance Company BV 3.15% 2026 51,528,000 41,472,053
Teva Pharmaceutical Finance Company BV 4.10% 2046 57,966,000 41,549,739
Teva Pharmaceutical Finance Company BV 6.00% 2024 1,697,000 1,696,717
Teva Pharmaceutical Finance Company BV 6.75% 2028 7,325,000 7,476,173
Thomson Reuters Corp. 4.30% 2023 240,000 245,103
Time Warner Inc. 3.80% 2027 4,535,000 4,295,715
Total Capital Canada Ltd. 2.75% 2023 2,140,000 2,071,897
Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75% 2056 13,709,459 13,475,247
Toyota Motor Credit Corp. 2.125% 2019 500,000 497,035
Toyota Motor Credit Corp. 2.70% 2023 1,000,000 974,084
TransCanada PipeLines Ltd. 4.25% 2028 13,135,000 13,196,918
Transocean Inc. 5.80% 2022 2,195,000 2,183,367
Transocean Inc. 9.00% 2023 5,000,000 5,400,000
Travelers Companies, Inc. 3.75% 2046 200,000 183,963
Travelers Companies, Inc. 4.00% 2047 405,000 390,187
Travelers Companies, Inc. 4.05% 2048 155,000 150,833
Turkey (Republic of) 5.625% 2021 20,800,000 20,722,312
U S TREASURY BILL 10/11/2018 100,000,000 99,459,000
U S TREASURY BILL 10/25/2018 122,000,000 121,246,040
U S TREASURY BILL 10/4/2018 188,200,000 187,272,174
U S TREASURY BILL 11/15/2018 20,000,000 19,849,200
U S TREASURY BILL 7/12/2018 106,800,000 106,749,804
U S TREASURY BILL 7/19/2018 87,600,000 87,528,168
U S TREASURY BILL 7/26/2018 91,700,000 91,594,545
U S TREASURY BILL 7/5/2018 30,000,000 29,995,800
U S TREASURY BILL 9/6/2018 100,000,000 99,644,000
U.S. Treasury 2.125% 2024 75,000,000 72,072,000
U.S. Treasury 2.125% 2024 260,000,000 251,069,000
U.S. Treasury 2.125% 2024 75,000,000 72,166,500
U.S. Treasury 2.25% 2023 115,000,000 111,918,000
U.S. Treasury 2.25% 2024 80,000,000 77,812,000
U.S. Treasury 2.25% 2027 76,075,000 72,548,163
U.S. Treasury 2.25% 2027 100,000,000 95,095,000
U.S. Treasury 2.25% 2027 125,000,000 118,715,000
U.S. Treasury 2.375% 2023 50,000,000 49,239,500
U.S. Treasury 2.375% 2027 100,000,000 96,217,000
U.S. Treasury 2.50% 2020 3,352,000 3,350,156
U.S. Treasury 2.625% 2021 2,433,000 2,433,219
U.S. Treasury 2.625% 2021 3,223,000 3,223,129
U.S. Treasury 2.625% 2023 17,243,500 17,153,834
U.S. Treasury 2.625% 2023 125,000,000 124,461,250
U.S. Treasury 2.75% 2023 60,000,000 60,035,400
U.S. Treasury 2.75% 2023 75,000,000 75,066,000
U.S. Treasury 2.75% 2025 150,000,000 149,406,000
U.S. Treasury 2.75% 2047 50,000,000 47,611,500
U.S. Treasury 2.875% 2025 211,118,400 211,855,203
U.S. Treasury 2.875% 2028 137,043,000 137,214,304
U.S. Treasury 2.875% 2045 413,000 403,902
U.S. Treasury 3.00% 2045 30,000,000 30,043,500
U.S. Treasury 3.00% 2048 255,970,000 256,259,246
U.S. Treasury 3.125% 2048 28,550,100 29,286,693
U.S. Treasury 6.125% 2027 25,000,000 31,687,000
U.S. Treasury 8.75% 2020 40,000,000 45,086,000
U.S. Treasury Inflation-Protected Security 0.375% 2025 53,916,077 52,964,715
U.S. Treasury Inflation-Protected Security 0.375% 2027 153,655,500 149,471,700
U.S. Treasury Inflation-Protected Security 0.50% 2028 126,983,750 124,213,875
U.S. Treasury Inflation-Protected Security 0.875% 2047 74,273,193 74,201,786
U.S. Treasury Inflation-Protected Security 1.00% 2048 27,766,299 28,664,280
UNITED PARCEL SVC 4(2) CP 7/11/2018 30,000,000 29,981,250
US Bancorp 2.00% 2020 1,000,000 985,530
US Bancorp 3.15% 2027 1,300,000 1,243,605
Ultra Petroleum Corp. 6.875% 2022 625,000 476,563
UniCredit SPA 4.625% 2027 425,000 395,666
UniCredit SPA 5.861% 2032 1,000,000 892,857
Union Pacific Corp. 3.95% 2018 1,475,000 1,484,461
Union Pacific Corp. 4.50% 2048 975,000 987,840
United Mexican States 3.60% 2025 12,000,000 11,616,000
United Mexican States 4.15% 2027 12,175,000 12,016,725
United Mexican States 4.35% 2047 5,000,000 4,480,000
United Mexican States, Series M, 5.75% 2026 5,275,000 23,742,779
United Mexican States, Series M, 6.50% 2021 31,327,000 152,863,109
United Rentals, Inc. 5.50% 2027 5,000,000 4,862,500
United Technologies Corp. 3.125% 2027 15,400,000 14,329,053
UnitedHealth Group Inc. 1.90% 2018 6,820,000 6,818,813
UnitedHealth Group Inc. 3.35% 2022 4,585,000 4,592,767
UnitedHealth Group Inc. 3.375% 2027 500,000 485,001
UnitedHealth Group Inc. 3.75% 2025 5,610,000 5,614,370
Unum Group 3.00% 2021 520,000 512,334
VMware, Inc. 2.95% 2022 4,500,000 4,321,166
Vale SA 4.375% 2022 828,000 839,998
Vale SA 6.25% 2026 4,538,000 4,925,999
Valeant Pharmaceuticals International, Inc. 5.50% 2025 4,350,000 4,303,238
Various Purpose G.O. Bonds, 7.50% 2034 2,200,000 3,096,258
Verizon Communications Inc. 4.125% 2027 4,676,000 4,617,601
Verizon Communications Inc. 4.125% 2046 313,000 268,204
Verizon Communications Inc. 4.40% 2034 5,280,000 4,935,390
Verizon Communications Inc. 4.50% 2033 14,325,000 13,916,122
Verizon Communications Inc. 4.862% 2046 1,659,000 1,589,999
Verizon Owner Trust, Series 2016-1A, Class A, 1.42% 2021 490,000 487,564
Verizon Owner Trust, Series 2017-1A, Class A, 2.06% 2021 18,255,000 18,052,662
Verizon Owner Trust, Series 2017-1A, Class B, 2.45% 2021 2,000,000 1,969,884
Verizon Owner Trust, Series 2017-1A, Class C, 2.65% 2021 2,500,000 2,468,903
Verizon Owner Trust, Series 2017-3A, Class A1A, 2.06% 2022 5,235,000 5,152,125
Verizon Owner Trust, Series 2017-3A, Class B, 2.38% 2022 2,950,000 2,899,121
Virginia Electric and Power Co. 4.45% 2044 8,295,000 8,458,835
Vodafone Group PLC 3.75% 2024 1,500,000 1,488,458
Vodafone Group PLC 4.375% 2028 23,050,000 22,795,482
Vodafone Group PLC 5.25% 2048 2,800,000 2,803,973
Volkswagen Group of America Finance, LLC 2.40% 2020 3,055,000 3,006,346
Volkswagen Group of America Finance, LLC 2.45% 2019 520,000 514,404
Volkswagen International Finance NV 4.00% 2020 4,200,000 4,260,854
Voya CLO Ltd., Series 2014-3A, Class A1R, (3-month USD-LIBOR + 0.72%) 3.08% 2026 5,560,000 5,542,969
WALT DISNEY COMPANY 4(2) CP 9/28/2018 50,000,000 49,737,100
WEA Finance LLC 2.70% 2019 5,675,000 5,652,328
WEA Finance LLC 3.25% 2020 14,375,000 14,350,390
WI TREASURY NOTE 2.75% 06-30-25 380,000 378,248
WM. Wrigley Jr. Co 3.375% 2020 13,405,000 13,445,537
Wal-Mart Stores, Inc. 2.35% 2022 1,000,000 965,546
Wal-Mart Stores, Inc. 4.05% 2048 3,695,000 3,707,049
Walt Disney Co. 5.50% 2019 5,000,000 5,100,810
WellPoint, Inc. 2.25% 2019 1,250,000 1,239,836
WellPoint, Inc. 2.30% 2018 7,440,000 7,439,122
Wells Fargo & Co. 2.10% 2021 17,500,000 16,824,063
Wells Fargo & Co. 2.625% 2022 1,000,000 963,814
Wells Fargo & Co. 3.00% 2026 820,000 762,988
Wells Fargo & Co. 3.00% 2026 3,320,000 3,067,683
Wells Fargo & Co. 3.55% 2025 1,300,000 1,260,981
Western Gas Partners LP 2.60% 2018 280,000 279,860
Western Gas Partners LP 3.95% 2025 665,000 627,887
Western Gas Partners LP 4.65% 2026 1,430,000 1,406,657
Western Gas Partners LP 5.30% 2048 675,000 622,017
Westlake Automobile Receivables Trust, Series 2017-1A, Class C, 2.70% 2022 3,000,000 2,988,030
Wheels SPV 2 LLC, Series 2016-1A, Class A2, 1.59% 2025 164,767 164,083
Williams Partners LP 4.00% 2025 500,000 489,293
Williams Partners LP 4.30% 2024 595,000 597,624
Williams Partners LP 4.50% 2023 500,000 508,016
Williams Partners LP 4.90% 2045 250,000 239,512
Williams Partners LP 5.10% 2045 245,000 242,698
Williams Partners LP 5.25% 2020 3,000,000 3,093,804
Xcel Energy Inc. 3.30% 2025 5,850,000 5,666,398
Xcel Energy Inc. 4.00% 2028 1,615,000 1,617,439
Xcel Energy Inc. 4.70% 2020 12,750,000 13,028,103
Xerox Corp. 3.50% 2020 2,000,000 1,993,014
Zimmer Holdings, Inc. 3.15% 2022 9,145,000 8,983,097
salesforce.com, inc. 3.70% 2028 1,500,000 1,490,483

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.