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

Portfolio Holdings

American Funds Insurance Series - Global Bond Fund

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

Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
Associated Materials, LLC, 14.00% convertible preferred 2020 850 1,032,647 0.05
Associated Materials, LLC, warrants, expire 2023 12,075 0 0.00
CEVA Logistics AG 9,337 163,678 0.01
Concordia International Corp. 9,130 169,142 0.01
Concordia International Corp. 6,030 121,426 0.01
Corporate Risk Holdings Corp. 131 0 0.00
Corporate Risk Holdings I, Inc. 25,840 18,088 0.00
Ply Gem Parent, LLC, Class B 1 116 0.00
Tribune Resources, Inc. 158,988 500,812 0.02
Tribune Resources, Inc., Class A, warrants, expire 2023 53,128 23,743 0.00
Tribune Resources, Inc., Class B, warrants, expire 2023 41,322 14,516 0.00
Tribune Resources, Inc., Class C, warrants, expire 2023 39,060 11,167 0.00
Fixed-Income Securities* Shares or Principal Amount Market Value
ACE INA Holdings Inc. 2.30% 2020 180,000 176,772
ACE INA Holdings Inc. 2.875% 2022 365,000 357,417
ACE INA Holdings Inc. 3.35% 2026 365,000 354,965
ACE INA Holdings Inc. 4.35% 2045 425,000 434,347
ADT Corp. 3.50% 2022 400,000 380,000
AT&T Inc. 4.250% 2027 3,775,000 3,730,697
AXA SA, junior subordinated 5.453% (undated) 300,000 415,449
AbbVie Inc. 2.50% 2020 3,155,000 3,120,456
AbbVie Inc. 2.90% 2022 1,170,000 1,137,506
AbbVie Inc. 3.20% 2022 200,000 196,733
AbbVie Inc. 3.20% 2026 2,007,000 1,871,253
AbbVie Inc. 4.50% 2035 410,000 394,489
Abbott Laboratories 2.90% 2021 420,000 415,076
Abbott Laboratories 3.40% 2023 195,000 194,398
Abbott Laboratories 3.75% 2026 1,400,000 1,398,019
Aetna Inc. 2.80% 2023 340,000 326,088
Alexandria Real Estate Equities, Inc. 2.75% 2020 180,000 178,420
Allergan PLC 3.00% 2020 2,820,000 2,817,631
Allergan PLC 3.80% 2025 2,809,000 2,753,500
Allergan PLC 4.75% 2045 130,000 126,666
Allianz SE, 4.75% (undated) (3-month EUR-EURIBOR + 3.60% on 10/24/2023) 4,200,000 5,508,607
Allison Transmission Holdings, Inc. 5.00% 2024 430,000 428,925
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 9.636% 2025 650,000 644,313
Altria Group, Inc. 4.50% 2043 350,000 338,316
Amazon.com, Inc. 2.80% 2024 2,920,000 2,823,517
Amazon.com, Inc. 3.15% 2027 1,960,000 1,880,644
American Axle & Manufacturing Holdings, Inc. 6.50% 2027 350,000 347,806
American Campus Communities, Inc. 3.75% 2023 1,810,000 1,790,038
American Campus Communities, Inc. 4.125% 2024 1,195,000 1,186,954
American Energy (Permian Basin) (3-month USD-LIBOR + 6.50%) 8.848% 2019 150,000 143,250
American Energy (Permian Basin), 7.125% 2020 1,295,000 867,650
American Energy (Permian Basin), 7.375% 2021 340,000 222,700
Amgen Inc. 1.85% 2021 420,000 403,275
Anheuser-Busch InBev NV 3.30% 2023 635,000 627,524
Anheuser-Busch InBev NV 3.50% 2024 1,545,000 1,530,366
Anheuser-Busch InBev NV 3.75% 2022 775,000 781,607
Anheuser-Busch InBev NV 4.00% 2028 1,050,000 1,036,420
Apple Inc. 2.50% 2022 1,200,000 1,173,983
Apple Inc. 3.35% 2027 1,075,000 1,052,126
Applied Systems, Inc., Term Loan, (3-month USD-LIBOR + 7.00%) 9.386% 2025 80,000 81,971
Argentine Republic 2.50% 2021 86,320,547 1,857,432
Argentine Republic 6.875% 2021 3,575,000 3,429,355
Argentine Republic 6.875% 2048 1,695,000 1,313,625
Argentine Republic 7.50% 2026 2,200,000 1,963,500
Ascent Resources Marcellus Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 6.50%) 8.62% 2023 210,000 211,487
Assicurazioni Generali SPA 7.75% 2042 (3-month EUR-EURIBOR + 7.113% on 12/12/2022) 1,500,000 2,051,251
Associated Materials, LLC 9.00% 2024 465,000 485,925
AstraZeneca PLC 3.50% 2023 1,700,000 1,685,232
Australia (Commonwealth of), Series 128, 5.75% 2022 12,150,000 9,932,458
Australia (Commonwealth of), Series 133, 5.50% 2023 6,625,000 5,462,366
Autoridad del Canal de Panama 4.95% 2035 1,000,000 1,037,500
Avis Budget Group, Inc. 5.50% 2023 450,000 449,298
Aviva PLC, subordinated 6.125% 2043 (5 year EURO Mid Swap + 5.13% on 7/5/2023) 1,500,000 2,033,550
Aviva PLC, subordinated 6.875% 2058 470,000 720,325
Avon Products, Inc. 7.875% 2022 355,000 367,869
B&G Foods, Inc. 4.625% 2021 50,000 50,125
B&G Foods, Inc. 5.25% 2025 225,000 216,239
BANK OF TOKYO MIT UFJ NEW YORK CP 10/5/2018 20,000,000 19,991,561
Ball Corp. 4.375% 2020 300,000 304,875
Banco Bilbao Vizcaya Argentaria SA 3.50% 2024 (5 year EURO Mid Swap + 2.55% on 4/11/2019) 3,300,000 3,886,657
Banco Nacional de Comercio Exterior SNC 3.80% 2026 (UST Yield Curve Rate T Note Constant Maturity 5 year + 3.00% on 8/11/2021) 880,000 861,300
Bank of America Corp. 2.625% 2020 1,550,000 1,531,665
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR + 0.78% on 3/5/2023) 1,400,000 1,384,429
Bank of Thailand 1.34% 2020 35,000,000 1,074,058
Bank of Thailand 1.49% 2019 31,690,000 977,644
Bank of Thailand 1.50% 2019 168,310,000 5,202,257
Barclays Bank PLC 6.00% 2021 1,000,000 1,288,259
Barclays Bank PLC 6.625% 2022 1,070,000 1,449,180
Bayer AG 3.375% 2024 840,000 801,376
Bayer US Finance II LLC 3.875% 2023 900,000 894,788
Bayer US Finance II LLC 4.375% 2028 203,000 199,165
Becton, Dickinson and Co. 2.675% 2019 353,000 351,104
Becton, Dickinson and Co. 3.70% 2027 1,430,000 1,369,624
Blackstone CQP Holdco LP, 6.50% 2021 2,595,000 2,615,586
Bohai Financial Investment Holding Co., Ltd. 5.50% 2024 150,000 153,938
Brandywine Operating Partnership, LP 3.95% 2023 190,000 188,914
Brazil (Federative Republic of) 0% 2021 27,600 5,273,560
Brazil (Federative Republic of) 10.00% 2025 32,490 7,590,637
Brazil (Federative Republic of) 10.00% 2027 17,000 3,869,310
British American Tobacco International Finance PLC 2.75% 2020 530,000 524,670
British American Tobacco International Finance PLC 3.50% 2022 385,000 381,301
British American Tobacco PLC 3.557% 2027 1,545,000 1,440,665
British American Tobacco PLC 4.39% 2037 1,190,000 1,109,264
Buenos Aires (City of) (Badlar Private Banks ARS Index + 3.75%) 35.685% 2028 13,568,000 287,499
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2023 200,000 201,310
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2026 475,000 477,969
CF Industries, Inc. 4.95% 2043 545,000 484,369
CMS Energy Corp. 3.875% 2024 100,000 99,625
CMS Energy Corp. 5.05% 2022 392,000 409,582
CONSOL Energy Inc. 5.875% 2022 1,100,000 1,104,180
CVR Partners, LP 9.25% 2023 275,000 293,651
CVS Health Corp. 2.80% 2020 430,000 425,988
CVS Health Corp. 3.125% 2020 1,000,000 1,000,409
CVS Health Corp. 3.35% 2021 520,000 519,312
CVS Health Corp. 3.50% 2022 430,000 427,033
CVS Health Corp. 3.70% 2023 710,000 707,541
CVS Health Corp. 4.10% 2025 670,000 668,861
CVS Health Corp. 4.30% 2028 2,670,000 2,648,749
CVS Health Corp. 4.78% 2038 675,000 671,850
CVS Health Corp. 5.05% 2048 2,410,000 2,471,602
Cablevision Systems Corp. 6.75% 2021 575,000 607,344
CaixaBank, SA 3.50% 2027 (5 year EURO Mid Swap + 3.35% on 2/15/2022) 1,300,000 1,595,642
CaixaBank, SA 5.00% 2023 (5 year EURO Mid Swap + 3.95% on 11/14/2018) 2,300,000 2,686,715
Calpine Corp. 5.25% 2026 455,000 423,150
Canada 1.00% 2022 4,050,000 2,984,486
Canada 2.25% 2025 15,450,000 11,858,815
Canada 3.50% 2020 2,500,000 3,052,952
Centene Corp. 4.75% 2022 540,000 547,830
Centene Corp. 4.75% 2025 150,000 150,000
CenterPoint Energy Transition Bond Co. III, LLC, Series 2008, Class A2, 5.234% 2023 182,706 186,194
CenturyLink, Inc. 6.75% 2023 500,000 520,625
CenturyLink, Inc., Series T, 5.80% 2022 150,000 153,375
Chemours Co. 6.625% 2023 330,000 345,540
Chesapeake Energy Corp. 4.875% 2022 500,000 488,125
Chesapeake Energy Corp. 8.00% 2025 325,000 336,213
Chesapeake Energy Corp. 8.00% 2027 190,000 194,180
Chile (Banco Central de) 4.00% 2023 6,765,000,000 10,242,208
Chile (Banco Central de) 4.50% 2026 3,660,000,000 5,569,553
Chile (Republic of) 3.86% 2047 750,000 714,938
Cigna Corp. 3.40% 2021 750,000 747,694
Cigna Corp. 4.125% 2025 1,365,000 1,362,716
Cigna Corp. 4.375% 2028 1,370,000 1,367,993
Citigroup Inc. 2.35% 2021 1,500,000 1,454,321
Citigroup Inc. 2.55% 2019 2,800,000 2,797,477
Clear Channel Worldwide Holdings, Inc. 7.625% 2020 1,015,000 1,021,344
Cleveland-Cliffs Inc. 4.875% 2024 400,000 395,000
Cleveland-Cliffs Inc. 5.75% 2025 825,000 805,406
Colombia (Republic of), Series B, 6.25% 2025 17,060,000,000 5,692,097
Columbia Pipeline Partners LP 3.30% 2020 85,000 84,887
Compass Diversified Holdings 8.00% 2026 315,000 326,025
Comstock Resources, Inc. 9.75% 2026 500,000 500,150
Concordia International Corp. (3-month USD-LIBOR + 5.50%) 7.814% 2024 133,000 131,005
Concordia International Corp. 8.00% 2024 47,000 46,178
Consolidated Energy Finance SA 6.50% 2026 185,000 188,006
Consumers Energy Co. 3.375% 2023 345,000 343,153
Continental Airlines, Inc., Series 1999-1, Class A, 6.545% 2020 7,710 7,769
Continental Airlines, Inc., Series 2000-1, Class A-1, 8.048% 2022 44,945 46,846
Continental Airlines, Inc., Series 2000-2, Class A1, 7.707% 2022 13,156 13,887
Convey Park Energy LLC 7.50% 2025 275,000 280,156
Core Industrial Trust, Series 2015-CALW, Class A, 3.04% 2034 1,385,060 1,371,707
Cote d'Ivoire (Republic of) 5.25% 2030 900,000 996,810
Crédit Agricole SA 4.375% 2025 1,100,000 1,077,317
Czech Republic 0.45% 2023 91,820,000 3,863,838
DCP Midstream Operating LP 4.95% 2022 390,000 396,825
DaVita HealthCare Partners Inc. 5.00% 2025 280,000 270,113
DaimlerChrysler North America Holding Corp. 2.00% 2021 2,100,000 2,016,687
DaimlerChrysler North America Holding Corp. 2.25% 2020 2,000,000 1,973,144
DaimlerChrysler North America Holding Corp. 2.875% 2021 2,275,000 2,242,247
DaimlerChrysler North America Holding Corp. 3.00% 2021 6,425,000 6,353,927
Deutsche Telekom International Finance BV 1.95% 2021 575,000 549,830
Deutsche Telekom International Finance BV 2.82% 2022 1,675,000 1,637,110
Deutsche Telekom International Finance BV 3.60% 2027 890,000 845,043
Deutsche Telekom International Finance BV 7.50% 2033 200,000 386,338
Deutsche Telekom International Finance BV 9.25% 2032 1,930,000 2,797,576
Devon Energy Corp. 3.25% 2022 170,000 167,015
Diamond Offshore Drilling, Inc. 4.875% 2043 675,000 497,813
Diamond Offshore Drilling, Inc. 7.875% 2025 350,000 364,438
Diebold Nixdorf AG Term Loan B (3-month USD-LIBOR + 2.75%) 0% 2023 116,927 101,434
Dominican Republic 5.50% 2025 1,375,000 1,383,594
Dominican Republic 7.50% 2021 2,000,000 2,097,500
Dominican Republic 8.625% 2027 225,000 257,625
Duke Energy Corp. 2.65% 2026 2,695,000 2,439,678
Duke Energy Corp. 3.75% 2024 550,000 551,205
Duke Energy Progress, LLC 3.70% 2028 1,225,000 1,215,866
EMD Finance LLC 2.40% 2020 1,485,000 1,465,518
EMD Finance LLC 2.95% 2022 225,000 219,468
EMD Finance LLC 3.25% 2025 2,450,000 2,335,181
Egypt (Arab Republic of) 0% 2018 40,100,000 2,238,216
Egypt (Arab Republic of) 0% 2018 45,200,000 2,510,540
Egypt (Arab Republic of) 0% 2018 55,500,000 2,993,838
Egypt (Arab Republic of) 0% 2018 32,200,000 1,736,006
Egypt (Arab Republic of) 0% 2019 3,000,000 158,679
Egypt (Arab Republic of) 0% 2019 37,300,000 1,980,041
Egypt (Arab Republic of) 18.40% 2024 41,000,000 2,268,126
Egypt (Arab Republic of) 5.625% 2030 745,000 814,015
Egypt (Arab Republic of) 7.50% 2027 2,200,000 2,245,786
Electricité de France SA 6.95% 2039 625,000 766,390
Enbridge Energy Partners, LP 4.375% 2020 480,000 487,201
Enbridge Energy Partners, LP 5.20% 2020 1,535,000 1,573,347
Enbridge Energy Partners, LP 9.875% 2019 750,000 770,009
Enbridge Inc. 3.70% 2027 754,000 729,195
Enbridge Inc. 4.00% 2023 600,000 605,223
Enbridge Inc. 4.25% 2026 655,000 659,990
Endo International PLC 5.75% 2022 680,000 638,350
Enel Finance International SA 2.75% 2023 5,000,000 4,676,215
Enel Finance International SA 3.50% 2028 1,800,000 1,586,729
Enel Finance International SA 3.625% 2027 2,375,000 2,153,885
Energy Transfer Partners, LP 4.00% 2027 1,054,000 1,002,070
Energy Transfer Partners, LP 4.20% 2027 260,000 251,468
Energy Transfer Partners, LP 5.875% 2024 325,000 342,875
Energy Transfer Partners, LP 6.00% 2048 230,000 245,737
Enersis Américas SA 4.00% 2026 1,960,000 1,870,820
Ensco PLC 7.75% 2026 275,000 273,969
Ensco PLC, 5.75% 2044 455,000 341,819
Envision Healthcare Corp. 5.125% 2022 190,000 195,605
Essex Portfolio LP 3.375% 2026 885,000 839,351
Essex Portfolio LP 3.50% 2025 2,835,000 2,742,361
Euramax International, Inc. 12.00% 2020 300,000 313,875
European Financial Stability Facility 0.40% 2025 6,000,000 6,951,197
European Investment Bank 2.25% 2022 3,567,000 3,473,438
Exelon Corp. 3.40% 2026 1,465,000 1,403,447
Exelon Corp. 3.497% 2022 525,000 516,220
Extraction Oil & Gas, Inc. 5.625% 2026 400,000 356,000
Exxon Mobil Corp. 2.222% 2021 570,000 559,149
FED HM LN BK BD 10/1/2018 1,250,000 1,249,783
FED HM LN BK BD 11/1/2018 20,000,000 19,963,684
FS Energy and Power Fund 7.50% 2023 175,000 178,938
Fannie Mae 3.50% 2042 353,724 350,986
Fannie Mae 3.50% 2042 727,657 722,056
Fannie Mae 3.50% 2042 247,827 245,820
Fannie Mae 3.50% 2048 15,500,000 15,254,341
Fannie Mae 4.00% 2048 26,150,000 26,369,765
Fannie Mae 4.50% 2048 13,050,000 13,444,828
Fannie Mae, Series 2012-M17, Class A2, Multi Family, 2.184% 2022 2,000,000 1,928,690
First Data Corp. 5.00% 2024 125,000 126,188
First Data Corp. 5.375% 2023 175,000 178,106
First Quantum Minerals Ltd. 6.875% 2026 525,000 478,406
First Quantum Minerals Ltd. 7.50% 2025 1,050,000 1,000,125
FirstEnergy Corp. 3.50% 2028 645,000 609,232
FirstEnergy Corp. 3.90% 2027 3,915,000 3,813,398
FirstEnergy Corp. 4.85% 2047 380,000 387,421
Ford Motor Credit Co. 2.375% 2019 2,550,000 2,544,382
Ford Motor Credit Co. 2.597% 2019 2,020,000 2,004,375
France Télécom 5.375% 2050 300,000 524,775
France Télécom 9.00% 2031 1,824,000 2,592,738
Freddie Mac, Series 3213, Class OG, principal only, 0% 2036 11,616 10,261
Freddie Mac, Series 3292, Class BO, principal only, 0% 2037 46,291 39,188
Freeport-McMoRan Inc. 3.55% 2022 750,000 731,250
French Republic O.A.T. 2.00% 2048 1,490,000 1,868,130
Frontier Communications Corp. 10.50% 2022 200,000 178,374
Frontier Communications Corp. 11.00% 2025 1,200,000 941,652
General Mills, Inc. 3.20% 2021 455,000 452,309
Genesis Energy, LP 6.50% 2025 150,000 147,188
Genesis Energy, LP 6.75% 2022 325,000 333,125
Germany (Federal Republic of) 0.50% 2027 18,800,000 22,098,404
Germany (Federal Republic of) 0.50% 2028 7,000,000 8,189,240
Germany (Federal Republic of) 1.25% 2048 6,750,000 8,179,521
Germany (Federal Republic of) 1.75% 2024 5,270,000 6,711,939
Germany (Federal Republic of) 2.50% 2046 2,400,000 3,768,311
Germany (Federal Republic of) 4.75% 2040 200,000 409,353
Germany (Federal Republic of) 6.25% 2030 1,800,000 3,407,415
Gogo Inc. 12.50% 2022 2,035,000 2,235,427
Goldman Sachs Group, Inc. 2.00% 2019 850,000 846,915
Goldman Sachs Group, Inc. 2.875% 2021 2,152,000 2,124,362
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022) 2,200,000 2,126,588
Goldman Sachs Group, Inc. 3.50% 2025 5,970,000 5,785,276
Goldman Sachs Group, Inc. 3.75% 2026 580,000 564,214
Goldman Sachs Group, Inc. 4.75% 2045 1,805,000 1,837,373
Government National Mortgage Assn. 4.00% 2048 1,943,465 1,976,451
Government National Mortgage Assn. 4.00% 2048 5,297,535 5,380,622
Greece (Hellenic Republic of) 3.375% 2025 2,650,000 3,009,386
Greece (Hellenic Republic of) 3.50% 2023 1,605,499 1,886,055
Greece (Hellenic Republic of) 3.75% 2028 684,185 770,176
Greece (Hellenic Republic of) 3.90% 2033 3,614,749 3,844,637
Greece (Hellenic Republic of) 4.00% 2037 3,769,810 3,832,167
Greece (Hellenic Republic of) 4.20% 2042 3,759,124 3,822,609
Groupe BPCE SA 2.75% 2026 (5 year EURO Mid Swap + 1.83% on 7/8/2021) 3,300,000 4,005,184
Groupe BPCE SA 4.625% 2023 1,200,000 1,605,268
Groupe BPCE SA 5.70% 2023 1,800,000 1,878,736
Guatemala (Republic of) 4.375% 2027 800,000 753,000
H.I.G. Capital, LLC 6.75% 2024 318,000 318,865
HCA Inc. 5.875% 2023 250,000 264,063
HSBC Holdings PLC 3.033% 2023 (3-month USD-LIBOR + 0.923% on 11/12/2022) 1,180,000 1,140,071
HSBC Holdings PLC 3.375% 2024 (5 year EURO Mid Swap + 1.95% on 1/10/2019) 1,700,000 1,991,423
HSBC Holdings PLC 3.90% 2026 4,200,000 4,074,911
HSBC Holdings PLC 4.00% 2022 305,000 308,821
HSBC Holdings PLC 4.292% 2026 (3-month USD-LIBOR + 1.348% on 9/12/2025) 2,300,000 2,276,340
HUB International Ltd., 7.00% 2026 85,000 85,324
Halliburton Co. 3.80% 2025 870,000 863,584
Hanesbrands Inc. 4.625% 2024 85,000 83,034
Hanesbrands Inc. 4.875% 2026 350,000 336,438
Hardwoods Acquisition Inc 7.50% 2021 228,000 209,760
Harris Corp. 2.70% 2020 155,000 153,521
Healthsouth Corp. 5.75% 2025 370,000 374,625
Hertz Global Holdings Inc. 7.625% 2022 545,000 539,550
Holcim Ltd. 5.15% 2023 1,290,000 1,340,220
Honduras (Republic of) 8.75% 2020 2,155,000 2,361,988
Humana Inc. 3.85% 2024 1,000,000 995,161
Hungary 3.875% 2020 1,000,000 1,224,330
Hungary 5.375% 2024 2,700,000 2,896,209
Huntsman International LLC 4.875% 2020 145,000 148,081
Husky Energy Inc. 7.25% 2019 250,000 261,910
Hyundai Capital America 2.55% 2020 2,580,000 2,537,556
Hyundai Capital America 3.25% 2022 658,000 638,278
Hyundai Capital Services Inc. 2.625% 2020 500,000 488,371
Hyundai Capital Services Inc. 3.75% 2023 2,450,000 2,421,063
Icahn Enterprises Finance Corp. 6.25% 2022 350,000 359,625
Imperial Tobacco Finance PLC 3.50% 2023 2,000,000 1,960,904
India (Republic of) 6.79% 2027 652,000,000 8,302,328
India (Republic of) 6.97% 2026 431,000,000 5,557,492
India (Republic of) 7.35% 2024 30,000,000 400,152
India (Republic of) 7.59% 2026 679,000,000 9,098,450
India (Republic of) 7.59% 2029 235,800,000 3,112,176
India (Republic of) 7.61% 2030 167,270,000 2,218,075
India (Republic of) 7.68% 2023 114,400,000 1,548,322
India (Republic of) 7.80% 2021 482,100,000 6,630,621
India (Republic of) 7.88% 2030 25,000,000 337,029
India (Republic of) 8.40% 2024 450,000,000 6,276,659
India (Republic of) 8.83% 2023 884,200,000 12,536,636
Indonesia (Republic of) 3.75% 2022 2,960,000 2,941,470
Indonesia (Republic of) 4.75% 2026 3,500,000 3,555,594
Infor Software 7.125% 2021 300,000 304,725
Inmarsat PLC 4.875% 2022 575,000 575,000
Intelsat Jackson Holding Co. 7.50% 2021 1,650,000 1,678,875
International Paper Co. 7.30% 2039 600,000 763,517
Intesa Sanpaolo SpA 5.017% 2024 2,510,000 2,267,163
Intesa Sanpaolo SpA 6.625% 2023 1,885,000 2,541,354
Iraq (Republic of) 6.752% 2023 545,000 546,014
Ireland (Republic of) 0.90% 2028 7,000,000 8,065,525
Iron Mountain Inc. 4.875% 2027 135,000 124,369
Israel (State of) 2.00% 2027 28,300,000 7,783,535
Israel (State of) 5.50% 2042 29,300,000 11,456,788
Italy (Republic of) 0.95% 2023 14,000,000 15,389,950
Italy (Republic of) 1.35% 2022 6,700,000 7,607,149
Italy (Republic of) 1.45% 2025 6,075,000 6,513,076
Italy (Republic of) 2.05% 2027 4,130,000 4,461,851
Italy (Republic of) 4.50% 2024 2,500,000 3,186,931
Italy (Republic of) 4.75% 2023 2,900,000 3,728,911
JPMorgan Chase & Co. 2.55% 2021 6,039,000 5,932,303
JPMorgan Chase & Co. 2.604% 2021 (3-month USD-LIBOR + 0.28% on 2/1/2020) 1,700,000 1,686,427
JPMorgan Chase & Co. 3.25% 2022 1,000,000 989,230
JUPITER SECURITIZATION COMPANY LLC 4(2) CP 10/4/2018 10,000,000 9,996,430
Jaguar Holding Co. 6.375% 2023 225,000 227,250
Japan, Series 116, 2.20% 2030 1,735,000,000 18,686,478
Japan, Series 134, 0.10% 2022 1,350,000,000 11,970,848
Japan, Series 145, 1.70% 2033 2,210,000,000 23,109,983
Japan, Series 18, 0.10% 2024 3,058,321,500 27,805,370
Japan, Series 19, 0.10% 2024 2,411,865,700 21,981,061
Japan, Series 20, 0.10% 2025 676,030,000 6,176,018
Japan, Series 21, 0.10% 2026 983,180,250 9,007,749
Japan, Series 21, 2.30% 2035 720,000,000 8,199,781
Japan, Series 336, 0.50% 2024 800,000,000 7,266,228
Japan, Series 337, 0.30% 2024 254,600,000 2,284,597
Japan, Series 340, 0.40% 2025 435,000,000 3,932,814
Japan, Series 344, 0.10% 2026 605,000,000 5,345,629
Japan, Series 346, 0.10% 2027 3,125,000,000 27,574,426
Japan, Series 42, 1.70% 2044 450,000,000 4,784,884
Japan, Series 53, 0.60% 2046 501,600,000 4,139,233
Japan, Series 57, 0.80% 2047 1,734,050,000 14,980,760
Japan, Series 758, 0% 2019 11,900,000,000 104,828,191
Jonah Energy LLC 7.25% 2025 350,000 269,500
Jordan (Hashemite Kingdom of) 5.75% 2027 1,035,000 983,561
Keurig Dr. Pepper Inc. 4.597% 2028 2,050,000 2,063,167
Keurig Dr. Pepper Inc. 5.085% 2048 1,075,000 1,100,197
KfW 2.125% 2022 3,955,000 3,838,881
Kinder Morgan Energy Partners, LP 3.50% 2021 175,000 175,579
Kinder Morgan Energy Partners, LP 3.50% 2023 525,000 514,339
Kinder Morgan, Inc. 4.30% 2028 2,185,000 2,168,879
Kinetic Concepts, Inc. 12.50% 2021 325,000 359,223
Korea Housing Finance Corp. 2.00% 2021 2,525,000 2,409,049
Korea Housing Finance Corp. 2.50% 2020 2,250,000 2,207,025
Kraft Heinz Co. 4.375% 2046 825,000 730,236
Kronos Inc., Term Loan B, (3-month USD-LIBOR + 8.25%) 10.593% 2024 425,000 436,090
Kuwait (State of) 2.75% 2022 3,550,000 3,472,734
LSB Industries, Inc. 9.625% 2023 155,000 162,944
LSC Communications, Inc. 8.75% 2023 475,000 481,736
Liberty Global PLC 5.50% 2028 375,000 356,756
Ligado Networks, Term Loan, (3-month USD-LIBOR + 8.75%) 11.067% 2020 774,887 600,860
Lima Metro Line Finance Ltd. 5.875% 2034 2,000,000 2,079,950
Limited Brands, Inc. 5.25% 2028 160,000 137,848
Limited Brands, Inc. 6.875% 2035 125,000 106,250
Lithuania (Republic of) 7.375% 2020 2,475,000 2,620,790
Lloyds Banking Group PLC 6.50% 2020 1,090,000 1,383,367
Lloyds Banking Group PLC 7.625 % 2025 655,000 1,078,735
Lockheed Martin Corp. 2.50% 2020 205,000 202,240
MGM Resorts International 7.75% 2022 200,000 219,756
MIZUHO CORPORATE BANK/NY 4(2) CP 10/1/2018 22,300,000 22,296,120
Malaysia (Federation of), Series 0115, 3.955% 2025 28,150,000 6,784,174
Malaysia (Federation of), Series 0116, 3.80% 2023 21,100,000 5,095,978
Malaysia (Federation of), Series 0212, 3.892% 2027 850,000 201,314
Malaysia (Federation of), Series 0215, 3.795% 2022 6,000,000 1,452,728
Malaysia (Federation of), Series 0310, 4.498% 2030 42,250,000 10,252,687
Malaysia (Federation of), Series 0314, 4.048% 2021 7,600,000 1,858,526
Malaysia (Federation of), Series 0315, 3.659% 2020 1,260,000 305,908
Malaysia (Federation of), Series 0316, 3.90% 2026 17,250,000 4,101,920
Malaysia (Federation of), Series 0515, 3.759% 2019 14,650,000 3,549,183
Mallinckrodt PLC 4.875% 2020 550,000 547,250
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 4.50%) 6.742% 2024 397,365 401,173
McDonald's Corp. 3.35% 2023 1,420,000 1,409,087
Medtronic, Inc. 3.50% 2025 3,500,000 3,474,965
Meredith Corp. 6.875% 2026 225,000 231,188
Meritage Homes Corp. 5.125% 2027 375,000 346,875
Microsoft Corp. 2.40% 2026 2,688,000 2,479,801
Molina Healthcare, Inc. 4.875% 2025 332,000 327,850
Molina Healthcare, Inc. 5.375% 2022 500,000 510,625
Morgan Stanley 3.125% 2026 1,421,000 1,324,528
Morgan Stanley 3.875% 2026 1,580,000 1,553,778
Morocco (Kingdom of) 5.50% 2042 3,100,000 3,262,192
NATIONAL RURAL UTILITIES COOP FINA CP 10/12/2018 5,000,000 4,995,735
NGL Energy Partners LP 6.125% 2025 860,000 810,550
NN Group NV, 4.50% (undated) (3-month EUR-LIBOR + 4.00% on 1/15/2026) 350,000 429,268
NN Group NV, 4.625% 2044 (3-month EUR-LIBOR + 3.95% on 4/8/2024) 1,320,000 1,675,662
NRG Energy, Inc. 6.25% 2022 262,000 270,960
National Highways Authority of India 7.17% 2021 220,000,000 2,897,275
National Highways Authority of India 7.27% 2022 50,000,000 658,600
National Rural Utilities Cooperative Finance Corp. 10.375% 2018 385,000 387,392
Navient Corp. 5.5% 2023 945,000 946,181
Navient Corp. 6.125% 2024 175,000 175,438
Niagara Mohawk Power Corp. 3.508% 2024 180,000 178,065
Nigeria (Republic of) 0% 2018 839,500,000 2,292,458
Nigeria (Republic of) 0% 2018 850,000,000 2,281,140
Nigeria (Republic of) 0% 2018 852,205,000 2,281,570
Nigeria (Republic of) 0% 2019 378,000,000 987,601
Nigeria (Republic of) 0% 2019 827,000,000 2,166,628
Nigeria (Republic of) 0% 2019 1,048,000,000 2,557,422
Nigeria (Republic of) 0% 2019 448,000,000 1,073,592
Nigeria (Republic of) 6.50% 2027 465,000 449,039
Noble Corp. PLC 7.95% 2025 250,000 245,000
Noble Corp. PLC 8.95% 2045 400,000 389,500
Norway (Kingdom of) 3.75% 2021 140,500,000 18,385,194
Nova Chemicals Corp. 5.25% 2027 500,000 466,875
Novelis Corp. 5.875% 2026 175,000 171,281
Nykredit Realkredit AS, Series 01E, 1.50% 2037 61,100,000 9,558,023
Nykredit Realkredit AS, Series 01E, 1.50% 2040 260,900,000 40,366,404
Nykredit Realkredit AS, Series 01E, 2.00% 2037 24,153,517 3,917,534
Nykredit Realkredit AS, Series 01E, 2.50% 2047 14,186,668 2,306,501
Odebrecht Drilling Norbe 7.72% 2026 11,669 3,413
Oracle Corp. 2.65% 2026 2,327,000 2,160,489
Oracle Corp. 3.25% 2027 1,880,000 1,810,752
Owens & Minor, Inc. 3.875% 2021 325,000 306,516
Owens & Minor, Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 0% 2025 235,000 223,642
PNC Bank 2.30% 2020 865,000 853,355
PNC Bank 2.40% 2019 1,225,000 1,219,280
PNC Bank 2.60% 2020 275,000 273,092
Pacific Gas and Electric Co. 2.95% 2026 590,000 537,440
Pacific Gas and Electric Co. 3.25% 2023 580,000 560,549
Pacific Gas and Electric Co. 3.30% 2027 2,409,000 2,219,108
Pacific Gas and Electric Co. 3.30% 2027 750,000 686,605
Pacific Gas and Electric Co. 3.75% 2042 630,000 537,564
Pacific Gas and Electric Co. 3.85% 2023 300,000 297,865
Pacific Gas and Electric Co. 3.95% 2047 1,250,000 1,088,046
Pacific Gas and Electric Co. 6.35% 2038 1,566,000 1,833,907
Pacific Gas and Electric Co.4.65% 2028 542,000 545,578
Pakistan (Islamic Republic of) 5.50% 2021 3,535,000 3,437,929
Pakistan (Islamic Republic of) 8.25% 2024 2,240,000 2,346,445
Panama (Republic of) 4.50% 2050 1,230,000 1,222,632
Paraguay (Republic of) 4.70% 2027 350,000 350,000
Paraguay (Republic of) 5.00% 2026 235,000 239,113
Paraguay (Republic of) 5.60% 2048 2,340,000 2,334,150
Peabody Energy Corp. 6.00% 2022 150,000 153,000
Peabody Energy Corp. 6.375% 2025 75,000 76,500
Pernod Ricard SA 4.45% 2022 730,000 745,071
Peru (Republic of) 5.625% 2050 280,000 333,060
Peru (Republic of) 6.15% 2032 27,300,000 8,450,623
Petrobras Global Finance Co. 5.299% 2025 1,650,000 1,545,225
Petrobras Global Finance Co. 6.125% 2022 657,000 679,896
Petrobras Global Finance Co. 6.85% 2115 2,000,000 1,720,000
Petróleos Mexicanos 6.35% 2048 927,000 853,767
Petróleos Mexicanos 6.50% 2027 2,675,000 2,739,200
Petsmart Inc., Term Loan B-2, (3-month USD-LIBOR + 3.00%) 5.334% 2022 723,131 636,657
Petsmart, Inc. 5.875% 2025 720,000 593,777
Petsmart, Inc. 8.875% 2025 365,000 264,552
Philip Morris International Inc. 2.00% 2020 950,000 937,278
Philip Morris International Inc. 2.625% 2022 280,000 272,590
Philip Morris International Inc. 4.25% 2044 475,000 448,829
Pisces Parent, LLC 8.00% 2026 250,000 252,500
Platform Specialty Products Corp. 5.875% 2025 200,000 198,354
Poland (Republic of) 3.25% 2026 4,590,000 4,462,673
Poland (Republic of) 4.00% 2024 980,000 1,000,617
Poland (Republic of), Series 0420, 1.50% 2020 27,750,000 7,540,702
Poland (Republic of), Series 0725, 3.25% 2025 34,750,000 9,607,902
Poland (Republic of), Series 0922, 5.75% 2022 34,600,000 10,614,245
Poland (Republic of), Series 1020, 5.25% 2020 29,600,000 8,633,200
Poland (Republic of), Series 1021, 5.75% 2021 123,530,000 37,384,343
Poland (Republic of), Series 1023, 4.00% 2023 31,140,000 9,027,036
Portuguese Republic 2.875% 2025 12,350,000 15,781,066
Portuguese Republic 4.125% 2027 4,115,000 5,684,570
Progress Energy, Inc. 7.05% 2019 910,000 927,513
Progress Energy, Inc. 7.75% 2031 550,000 720,941
Prologis, Inc. 4.25% 2023 2,075,000 2,140,892
Puget Energy, Inc. 5.625% 2022 480,000 508,179
Puget Energy, Inc. 6.00% 2021 1,023,000 1,088,159
Puget Energy, Inc. 6.50% 2020 335,000 355,111
QGOG Constellation SA 9.50% 2024 2,158,427 1,052,233
Qatar (State of) 3.875% 2023 475,000 479,207
Qatar (State of) 4.50% 2028 3,205,000 3,304,528
Qatar (State of) 5.103% 2048 530,000 552,312
Quebec (Province of) 2.375% 2022 1,748,000 1,702,325
R.R. Donnelley & Sons Co. 6.50% 2023 225,000 226,125
R.R. Donnelley & Sons Co. 7.875% 2021 300,000 319,875
REPUBLIC OF PARAGUAY 4.625% 01-25-2023 947,000 957,654
Rabobank Nederland 2.50% 2026 (5 year EURO Mid Swap + 1.40% on 5/26/2021) 3,300,000 3,996,502
Rabobank Nederland 4.625% 2023 2,180,000 2,215,235
Rayonier Advanced Materials Inc. 5.50% 2024 325,000 314,545
Reynolds American Inc. 3.25% 2020 640,000 638,932
Reynolds American Inc. 4.00% 2022 455,000 458,119
Reynolds American Inc. 4.45% 2025 2,115,000 2,132,667
Roche Holdings, Inc. 2.875% 2021 1,250,000 1,238,663
Roche Holdings, Inc. 3.35% 2024 3,050,000 3,023,261
Romania 2.30% 2020 12,875,000 3,115,413
Romania 2.75% 2025 1,285,000 1,611,648
Romania 3.25% 2021 15,110,000 3,702,854
Romania 3.375% 2038 4,170,000 4,562,825
Romania 3.40% 2022 3,250,000 788,823
Romania 3.875% 2035 2,810,000 3,315,384
Romania 5.125% 2048 6,200,000 6,114,378
Romania 5.95% 2021 15,290,000 3,993,778
Rotech Healthcare Inc., Term Loan B, (3-month USD-LIBOR + 3.75%) 6.087% 2023 496,875 496,875
Royal Dutch Shell PLC 1.375% 2019 2,000,000 1,973,898
Royal Dutch Shell PLC 1.75% 2021 1,740,000 1,673,743
Ryerson Inc. 11.00% 2022 410,000 448,495
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 500,000 478,750
Santander Holdings USA, Inc. 3.70% 2022 4,475,000 4,415,550
Saudi Arabia (Kingdom of) 2.894% 2022 1,900,000 1,854,448
Saudi Arabia (Kingdom of) 3.625% 2028 3,840,000 3,668,575
Saudi Arabia (Kingdom of) 3.628% 2027 1,900,000 1,840,139
Saudi Arabia (Kingdom of) 4.50% 2030 3,115,000 3,135,135
Scentre Group 3.50% 2025 600,000 577,004
Scentre Group 3.75% 2027 300,000 288,023
Schlumberger BV 4.00% 2025 1,460,000 1,461,445
Shire PLC 1.90% 2019 2,000,000 1,979,134
Shire PLC 2.40% 2021 3,930,000 3,799,662
Shire PLC 2.875% 2023 818,000 780,958
Shire PLC 3.20% 2026 405,000 374,411
Sierra Pacific Power Co., General and Refunding Mortgage Notes, Series T, 3.375% 2023 2,020,000 2,008,872
Sirius XM Radio Inc. 3.875% 2022 425,000 420,457
Skandinaviska Enskilda Banken AB 2.625% 2021 2,250,000 2,206,721
Skandinaviska Enskilda Banken AB 2.80% 2022 5,100,000 4,981,695
South Africa (Republic of) 8.75% 2044 126,800,000 7,997,028
South Africa (Republic of), Series R-186, 10.50% 2026 19,900,000 1,525,579
South Africa (Republic of), Series R-214, 6.50% 2041 168,450,000 8,303,232
South Korea (Republic of), Series 2203, 1.875% 2022 3,540,000,000 3,167,200
South Korea (Republic of), Series 2209, 2.00% 2022 13,974,200,000 12,523,693
South Korea (Republic of), Series 2303, 2.375% 2023 3,500,000,000 3,178,246
South Korea (Republic of), Series 2712, 2.375% 2027 18,870,000,000 17,018,996
Spain (Kingdom of) 1.45% 2027 19,430,000 22,711,815
Spain (Kingdom of) 1.50% 2027 10,350,000 12,201,098
Spain (Kingdom of) 2.70% 2048 6,025,000 7,171,958
Spain (Kingdom of) 2.90% 2046 1,870,000 2,342,271
Staples Inc. 8.50% 2025 260,000 245,375
Starwood Property Trust, Inc. 5.00% 2021 350,000 353,500
State Grid Overseas Investment Ltd. 3.50% 2027 5,600,000 5,338,698
Statoil ASA 3.70% 2024 1,950,000 1,967,304
Statoil ASA 4.25% 2041 1,000,000 1,012,528
Sunoco LP 4.875% 2023 130,000 129,025
Svenska Handelsbanken AB 2.656% 2024 (5 year EURO Mid Swap + 1.43% on 1/15/2019) 2,170,000 2,537,921
Sweden (Kingdom of) 1.125% 2019 3,000,000 2,949,171
Talen Energy Corp. 10.50% 2026 85,000 77,244
Talen Energy Corp. 9.50% 2022 360,000 360,000
Targa Resources Partners LP 6.75% 2024 190,000 200,925
Team Health Holdings, Inc. 6.375% 2025 620,000 539,400
Teco Finance, Inc. 5.15% 2020 75,000 76,756
Teekay Corp. 8.50% 2020 1,125,000 1,150,504
Teekay Offshore Partners L.P. 8.50% 2023 400,000 412,000
Tenet Healthcare Corp. 4.375% 2021 250,000 250,168
Tenet Healthcare Corp. 4.50% 2021 125,000 125,000
Tenet Healthcare Corp. 4.625% 2024 421,000 410,265
Tenet Healthcare Corp. 4.75% 2020 175,000 177,844
Tenet Healthcare Corp., 6.00% 2020 430,000 444,513
Teva Pharmaceutical Finance Company BV 2.20% 2021 270,000 253,870
Teva Pharmaceutical Finance Company BV 2.80% 2023 1,280,000 1,140,800
Teva Pharmaceutical Finance Company BV 3.15% 2026 2,420,000 2,017,259
Teva Pharmaceutical Finance Company BV 6.00% 2024 230,000 233,769
Thailand (Kingdom of) 1.875% 2022 258,200,000 7,888,760
Thailand (Kingdom of) 2.125% 2026 439,250,000 13,069,983
Thailand (Kingdom of) 3.85% 2025 65,000,000 2,179,249
Transocean Inc. 9.00% 2023 219,000 238,710
Trilogy International Partners, LLC 8.875% 2022 450,000 456,750
Turkey (Republic of) 11.00% 2022 19,700,000 2,418,800
Turkey (Republic of) 6.25% 2022 1,880,000 1,845,181
U S TREASURY BILL 10/18/2018 8,500,000 8,491,691
U.S. Treasury 1.875% 2024 9,400,000 8,840,042
U.S. Treasury 2.00% 2021 16,500,000 16,097,730
U.S. Treasury 2.00% 2022 3,500,000 3,375,330
U.S. Treasury 2.00% 2026 33,560,000 31,052,397
U.S. Treasury 2.125% 2022 29,955,000 28,985,057
U.S. Treasury 2.25% 2027 27,700,000 25,934,679
U.S. Treasury 2.375% 2023 16,625,000 16,245,784
U.S. Treasury 2.50% 2020 7,900,000 7,863,028
U.S. Treasury 2.625% 2023 6,900,000 6,812,370
U.S. Treasury 2.75% 2023 28,400,000 28,168,256
U.S. Treasury 2.75% 2023 6,000,000 5,947,500
U.S. Treasury 2.75% 2025 10,140,000 9,979,585
U.S. Treasury 2.75% 2028 64,200,000 62,613,618
U.S. Treasury 2.75% 2047 18,900,000 17,292,555
U.S. Treasury 2.875% 2028 28,850,000 28,419,270
U.S. Treasury 2.875% 2028 35,000,000 34,475,000
U.S. Treasury 3.00% 2048 10,600,000 10,196,034
U.S. Treasury 3.00% 2048 16,000,000 15,390,240
U.S. Treasury 3.125% 2048 4,000,000 3,944,560
U.S. Treasury Inflation-Protected Security 0.125% 2024 7,216,976 6,939,264
U.S. Treasury Inflation-Protected Security 0.25% 2025 11,810,067 11,341,913
U.S. Treasury Inflation-Protected Security 0.375% 2025 5,844,685 5,662,767
U.S. Treasury Inflation-Protected Security 0.375% 2027 3,807,863 3,638,827
U.S. Treasury Inflation-Protected Security 0.50% 2028 1,838,970 1,766,554
U.S. Treasury Inflation-Protected Security 0.625% 2023 6,938,406 6,852,639
U.S. Treasury Inflation-Protected Security 0.625% 2024 27,244,009 26,895,803
U.S. Treasury Inflation-Protected Security 0.625% 2026 10,287,626 10,074,284
U.S. Treasury Inflation-Protected Security 0.625% 2043 1,315,320 1,197,220
U.S. Treasury Inflation-Protected Security 0.75% 2042 697,044 655,174
U.S. Treasury Inflation-Protected Security 1.00% 2046 4,753,732 4,698,238
U.S. Treasury Inflation-Protected Security 1.375% 2044 5,730,890 6,149,860
U.S. Treasury Inflation-Protected Security 2.375% 2025 1,537,458 1,675,802
Ultra Petroleum Corp. 6.875% 2022 630,000 302,400
Ultra Petroleum Corp. 7.125% 2025 250,000 102,500
UniCredit SPA 3.75% 2022 1,750,000 1,674,311
UniCredit SPA 4.625% 2027 2,150,000 1,975,018
Union Pacific Corp. 4.50% 2048 260,000 265,264
Unisys Corp. 10.75% 2022 225,000 253,969
United Kingdom 1.25% 2027 5,925,000 7,576,301
United Kingdom 1.50% 2047 2,380,000 2,817,919
United Kingdom 1.75% 2022 5,700,000 7,631,831
United Kingdom 2.25% 2023 1,550,000 2,126,912
United Kingdom 2.75% 2024 1,210,000 1,713,456
United Kingdom 3.25% 2044 6,500,000 10,688,300
United Kingdom 3.50% 2045 890,000 1,531,606
United Kingdom 4.25% 2027 2,800,000 4,530,040
United Mexican States 3.75% 2028 2,000,000 1,908,500
United Mexican States, Series M, 5.75% 2026 6,645,000 31,353,719
United Mexican States, Series M, 6.50% 2021 3,733,000 19,358,779
United Mexican States, Series M, 6.50% 2022 1,711,000 8,783,298
United Mexican States, Series M, 7.75% 2042 449,000 2,311,436
United Mexican States, Series M, 8.00% 2020 925,000 4,963,929
United Mexican States, Series M20, 10.00% 2024 1,620,000 9,602,962
United Mexican States, Series M30, 10.00% 2036 350,000 2,212,833
United Technologies Corp. 4.125% 2028 1,900,000 1,891,089
United Technologies Corp. 4.625% 2048 1,000,000 1,004,086
UnitedHealth Group Inc. 2.70% 2020 520,000 516,847
Uruguay (Oriental Republic of) 8.50% 2028 95,641,000 2,518,013
Vale SA 6.25% 2026 279,000 306,454
Valeant Pharmaceuticals International, Inc. 6.125% 2025 950,000 905,873
Valeant Pharmaceuticals International, Inc. 9.00% 2025 110,000 118,804
Valeant Pharmaceuticals International, Inc. 9.25% 2026 345,000 373,031
Venator Materials Corp. 5.75% 2025 200,000 182,500
Veritas Holdings Limited 7.50% 2023 200,000 194,800
Verizon Communications Inc. 4.125% 2046 1,814,000 1,629,747
Vine Oil & Gas LP 8.75% 2023 175,000 171,500
Virgin Australia Holdings Ltd. 8.50% 2019 100,000 101,875
Volkswagen Group of America Finance, LLC 2.45% 2019 545,000 540,050
WALMART INC 4(2) CP 10/30/2018 15,000,000 14,970,675
WEA Finance LLC 2.70% 2019 1,185,000 1,182,196
WEA Finance LLC 3.25% 2020 3,030,000 3,021,071
WEA Finance LLC 3.75% 2024 535,000 527,181
WM. Wrigley Jr. Co 3.375% 2020 515,000 515,701
Warrior Met Coal, Inc. 8.00% 2024 250,000 256,875
Weatherford International PLC 6.50% 2036 650,000 492,375
Weatherford International PLC 8.25% 2023 500,000 475,000
Weatherford International PLC 9.875% 2024 125,000 122,813
Weatherford International PLC 9.875% 2025 325,000 315,250
Wells Fargo & Co. 3.584% 2028 (3-month USD-LIBOR + 1.31% on 5/15/2027) 900,000 863,755
Westfield Corp. Ltd. 3.15% 2022 245,000 240,321
Williams Partners LP 4.125% 2020 375,000 379,580
Williams Partners LP 4.30% 2024 820,000 828,028
Wind Tre SpA 5.00% 2026 400,000 349,862
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 2023 543,000 521,280
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.50% 2025 175,000 169,531
Ziggo Bond Finance BV 5.50% 2027 675,000 635,006
Zimmer Holdings, Inc. 3.15% 2022 790,000 774,319

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.