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

Portfolio Holdings

American Funds Insurance Series - Global Bond Fund

As of June 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 9,337 200,374 0.01
Corporate Risk Holdings Corp. 131 0 0.00
Corporate Risk Holdings I, Inc. 25,840 791,479 0.04
Ply Gem Parent, LLC, Class B 1 93 0.00
Fixed-Income Securities* Shares or Principal Amount Market Value
ACE INA Holdings Inc. 2.30% 2020 180,000 176,018
ACE INA Holdings Inc. 2.875% 2022 365,000 358,731
ACE INA Holdings Inc. 3.35% 2026 365,000 354,346
ACE INA Holdings Inc. 4.35% 2045 425,000 435,644
ADT Corp. 3.50% 2022 400,000 376,400
AES Corp. 5.50% 2025 633,000 640,913
AES Corp. 6.00% 2026 425,000 442,000
AT&T Inc. 4.250% 2027 3,775,000 3,701,565
AXA SA, junior subordinated 5.453% (undated) 300,000 417,529
AbbVie Inc. 2.50% 2020 3,155,000 3,117,304
AbbVie Inc. 2.90% 2022 1,170,000 1,136,147
AbbVie Inc. 3.20% 2022 200,000 196,839
AbbVie Inc. 3.20% 2026 3,157,000 2,949,042
AbbVie Inc. 3.60% 2025 1,055,000 1,023,003
AbbVie Inc. 4.50% 2035 410,000 402,965
Abbott Laboratories 2.35% 2019 96,000 95,467
Abbott Laboratories 2.90% 2021 420,000 413,806
Abbott Laboratories 3.40% 2023 195,000 192,555
Abbott Laboratories 3.75% 2026 1,400,000 1,378,054
Aetna Inc. 2.80% 2023 340,000 324,499
Alexandria Real Estate Equities, Inc. 2.75% 2020 180,000 178,591
Allergan PLC 3.00% 2020 2,820,000 2,807,036
Allergan PLC 3.80% 2025 4,455,000 4,331,057
Allergan PLC 4.55% 2035 720,000 684,667
Allergan PLC 4.75% 2045 130,000 125,509
Allianz SE, 4.75% (undated) (3-month EUR-EURIBOR + 3.60% on 10/24/2023) 4,200,000 5,466,478
Allison Transmission Holdings, Inc. 5.00% 2024 430,000 424,088
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 9.557% 2025 1,150,000 1,111,427
Altria Group, Inc. 4.50% 2043 350,000 336,170
Amazon.com, Inc. 2.80% 2024 2,920,000 2,787,803
Amazon.com, Inc. 3.15% 2027 1,960,000 1,885,340
American Axle & Manufacturing Holdings, Inc. 6.50% 2027 450,000 444,938
American Campus Communities, Inc. 3.75% 2023 1,810,000 1,801,688
American Campus Communities, Inc. 4.125% 2024 1,195,000 1,190,069
American Energy (Permian Basin) (3-month USD-LIBOR + 6.50%) 8.854% 2019 150,000 129,375
American Energy (Permian Basin), 7.125% 2020 1,295,000 822,325
American Energy (Permian Basin), 7.375% 2021 340,000 209,100
Amgen Inc. 1.85% 2021 420,000 401,948
Anheuser-Busch InBev NV 3.30% 2023 635,000 630,150
Anheuser-Busch InBev NV 3.50% 2024 1,545,000 1,538,910
Anheuser-Busch InBev NV 3.75% 2022 775,000 785,973
Anheuser-Busch InBev NV 4.00% 2028 1,050,000 1,049,243
Apple Inc. 2.50% 2022 1,200,000 1,177,180
Apple Inc. 3.35% 2027 1,075,000 1,050,509
Applied Systems, Inc., Term Loan, (3-month USD-LIBOR + 7.00%) 9.334% 2025 80,000 82,767
Argentine Republic 2.50% 2021 78,875,709 2,346,834
Argentine Republic 6.875% 2021 3,575,000 3,534,781
Argentine Republic 6.875% 2048 1,695,000 1,284,827
Argentine Republic 7.50% 2026 2,200,000 2,037,750
Ascent Resources Marcellus Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 6.50%) 8.501% 2023 210,000 210,875
Assicurazioni Generali SPA 7.75% 2042 (3-month EUR-EURIBOR + 7.113% on 12/12/2022) 1,500,000 2,050,170
Associated Materials, LLC 9.00% 2024 1,065,000 1,120,913
Australia (Commonwealth of), Series 128, 5.75% 2022 12,150,000 10,231,811
Australia (Commonwealth of), Series 133, 5.50% 2023 6,625,000 5,620,346
Autoridad del Canal de Panama 4.95% 2035 1,000,000 1,046,250
Avis Budget Group, Inc. 5.50% 2023 450,000 440,438
Aviva PLC, subordinated 6.125% 2043 (5 year EURO Mid Swap + 5.13% on 07/05/2023) 1,500,000 2,073,859
Aviva PLC, subordinated 6.875% 2058 470,000 752,424
Avon Products, Inc. 7.875% 2022 345,000 343,689
B&G Foods, Inc. 4.625% 2021 50,000 49,375
B&G Foods, Inc. 5.25% 2025 225,000 212,625
BJ's Wholesale Club, Term Loan, (3-month USD-LIBOR + 7.50%) 9.53% 2025 224,151 226,840
Ball Corp. 4.375% 2020 300,000 303,375
Banco Bilbao Vizcaya Argentaria SA 3.50% 2024 (5 year EURO Mid Swap + 2.55% on 04/11/2019) 3,300,000 3,934,888
Banco Nacional de Comercio Exterior SNC 3.80% 2026 (UST Yield Curve Rate T Note Constatnt Maturity 5 year + 3.0% on 08/11/2021) 880,000 848,760
Bank of America Corp. 2.625% 2020 1,550,000 1,531,141
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR +0.780 on 03/05/2023) 1,400,000 1,386,099
Bank of Thailand 1.34% 2020 35,000,000 1,050,127
Bank of Thailand 1.49% 2019 31,690,000 955,245
Bank of Thailand 1.50% 2019 168,310,000 5,078,237
Barclays Bank PLC 6.00% 2021 1,000,000 1,307,277
Barclays Bank PLC 6.625% 2022 1,070,000 1,475,083
Bayer AG 3.375% 2024 840,000 810,237
Becton, Dickinson and Co. 2.675% 2019 353,000 350,465
Becton, Dickinson and Co. 3.70% 2027 1,430,000 1,354,583
Belgium (Kingdom of), Series 77, 1.00% 2026 6,480,000 7,932,166
Belgium (Kingdom of), Series 82, 0.50% 2024 12,920,000 15,431,740
Blackstone CQP Holdco LP, 6.00% 2021 225,000 225,563
Blackstone CQP Holdco LP, 6.50% 2021 3,120,000 3,135,600
Bohai Financial Investment Holding Co., Ltd. 5.50% 2024 375,000 371,171
Brandywine Operating Partnership, LP 3.95% 2023 190,000 189,240
Brazil (Federative Republic of) 0% 2021 27,600 5,404,145
Brazil (Federative Republic of) 0.0% 2022 20,900 3,851,888
Brazil (Federative Republic of) 10.00% 2025 28,190 6,850,117
British American Tobacco International Finance PLC 2.75% 2020 530,000 524,445
British American Tobacco International Finance PLC 3.50% 2022 385,000 381,580
British American Tobacco PLC 3.557% 2027 1,545,000 1,439,665
British American Tobacco PLC 4.39% 2037 1,190,000 1,119,182
Buenos Aires (City of) (Badlar Private Banks ARS Index + 3.75%) 29% 2028 13,568,000 386,579
CAISSE DAMORTISSEMENT DE LA DETTE CP 7/9/2018 16,100,000 16,092,127
CCO Holdings LLC and CCO Holdings Capital Corp. 4.20% 2028 675,000 632,908
CCO Holdings LLC and CCO Holdings Capital Corp. 5.00% 2028 575,000 529,000
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2023 200,000 197,940
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2026 800,000 788,000
CF Industries, Inc. 4.95% 2043 545,000 460,868
CIT Group Inc. 3.875% 2019 987,500 991,450
CMS Energy Corp. 3.875% 2024 100,000 100,377
CMS Energy Corp. 5.05% 2022 392,000 411,258
CONSOL Energy Inc. 5.875% 2022 2,275,000 2,292,495
CVR Partners, LP 9.25% 2023 275,000 284,281
CVS Health Corp. 1.90% 2018 430,000 429,915
CVS Health Corp. 2.80% 2020 430,000 426,564
CVS Health Corp. 3.125% 2020 1,000,000 999,081
CVS Health Corp. 3.35% 2021 520,000 519,722
CVS Health Corp. 3.50% 2022 430,000 426,939
CVS Health Corp. 3.70% 2023 2,935,000 2,908,215
CVS Health Corp. 4.10% 2025 670,000 667,300
CVS Health Corp. 4.30% 2028 4,275,000 4,223,529
CVS Health Corp. 4.78% 2038 675,000 669,322
CVS Health Corp. 5.05% 2048 4,295,000 4,354,542
Cablevision Systems Corp. 6.75% 2021 1,125,000 1,181,250
CaixaBank, SA 3.50% 2027 (5 year EURO Mid Swap +3.35% on 02/15/2022) 1,300,000 1,596,040
CaixaBank, SA 5.00% 2023 (5 year EURO Mid Swap + 3.95% on 11/14/2018) 2,300,000 2,731,770
Calpine Corp. 5.25% 2026 855,000 809,044
Canada 1.00% 2022 4,050,000 2,953,945
Canada 2.25% 2025 15,450,000 11,838,438
Canada 3.50% 2020 2,500,000 3,101,397
Centene Corp. 4.75% 2022 1,465,000 1,481,481
Centene Corp. 4.75% 2025 150,000 149,625
Centene Corp. 5.375% 2026 300,000 304,689
CenterPoint Energy Transition Bond Co. III, LLC, Series 2008, Class A2, 5.234% 2023 235,849 240,788
CenturyLink, Inc. 6.75% 2023 1,100,000 1,108,250
CenturyLink, Inc., Series T, 5.80% 2022 150,000 149,250
Chemours Co. 6.625% 2023 680,000 714,000
Chesapeake Energy Corp. 4.875% 2022 1,400,000 1,351,000
Chesapeake Energy Corp. 8.00% 2025 450,000 459,428
Chesapeake Energy Corp. 8.00% 2027 590,000 601,800
Chile (Republic of) 3.86% 2047 750,000 712,500
Citigroup Inc. 2.35% 2021 1,500,000 1,449,885
Citigroup Inc. 2.50% 2018 200,000 199,955
Citigroup Inc. 2.55% 2019 2,800,000 2,795,696
Clear Channel Worldwide Holdings, Inc. 7.625% 2020 1,965,000 1,960,657
Cleveland-Cliffs Inc. 4.875% 2024 400,000 387,000
Cleveland-Cliffs Inc. 5.75% 2025 2,200,000 2,092,750
Colombia (Republic of), Series B, 6.25% 2025 16,460,000,000 5,557,921
Columbia Pipeline Partners LP 3.30% 2020 85,000 84,684
Commercial Mortgage Trust, Series 2014-UBS2, Class A1, 1.298% 2047 263,151 262,298
Compass Diversified Holdings 8.00% 2026 315,000 308,700
Concordia Healthcare Corp. 7.00% 2023 1,090,000 68,125
Concordia Healthcare Corp. 9.50% 2022 580,000 36,250
Concordia Healthcare Corp., Term Loan B, (3-month USD-LIBOR + 4.25%) 6.343% 2021 282,315 251,614
Consolidated Energy Finance SA 6.50% 2026 185,000 183,381
Consumers Energy Co. 3.375% 2023 345,000 344,511
Continental Airlines, Inc., Series 1999-1, Class A, 6.545% 2020 8,190 8,364
Continental Airlines, Inc., Series 2000-1, Class A-1, 8.048% 2022 44,945 47,126
Continental Airlines, Inc., Series 2000-2, Class A1, 7.707% 2022 13,156 14,085
Convey Park Energy LLC 7.50% 2025 275,000 281,875
Core Industrial Trust, Series 2015-CALW, Class A, 3.04% 2034 1,460,000 1,449,798
Corporate Risk Holdings LLC 13.50% 2020 165,949 177,565
Corporate Risk Holdings LLC 9.50% 2019 1,353,000 1,415,576
Cote d'Ivoire (Republic of) 5.25% 2030 900,000 1,009,788
Crédit Agricole SA 4.375% 2025 1,100,000 1,065,745
Czech Republic 0.45% 2023 91,820,000 3,897,431
DCP Midstream Operating LP 4.95% 2022 640,000 648,800
DaVita HealthCare Partners Inc. 5.00% 2025 480,000 453,000
DaimlerChrysler North America Holding Corp. 2.00% 2021 2,100,000 2,010,221
DaimlerChrysler North America Holding Corp. 2.25% 2020 2,000,000 1,967,558
DaimlerChrysler North America Holding Corp. 2.875% 2021 2,275,000 2,238,864
DaimlerChrysler North America Holding Corp. 3.00% 2021 6,425,000 6,352,905
Deutsche Telekom International Finance BV 1.95% 2021 575,000 548,530
Deutsche Telekom International Finance BV 2.82% 2022 1,675,000 1,628,259
Deutsche Telekom International Finance BV 3.60% 2027 890,000 840,470
Deutsche Telekom International Finance BV 7.50% 2033 200,000 394,858
Deutsche Telekom International Finance BV 9.25% 2032 1,930,000 2,766,643
Devon Energy Corp. 3.25% 2022 170,000 167,217
Diamond Offshore Drilling, Inc. 4.875% 2043 675,000 489,375
Diamond Offshore Drilling, Inc. 7.875% 2025 350,000 364,000
Dominican Republic 5.50% 2025 1,375,000 1,369,143
Dominican Republic 7.50% 2021 2,000,000 2,101,500
Dominican Republic 8.625% 2027 225,000 255,938
Duke Energy Corp. 2.65% 2026 2,695,000 2,430,804
Duke Energy Corp. 3.75% 2024 550,000 548,572
EMD Finance LLC 2.40% 2020 1,485,000 1,464,893
EMD Finance LLC 2.95% 2022 225,000 220,075
EMD Finance LLC 3.25% 2025 2,450,000 2,345,454
EchoStar Corp. 6.625% 2026 100,000 92,750
Egypt (Arab Republic of) 0% 2018 32,200,000 1,662,107
Egypt (Arab Republic of) 0% 2018 55,500,000 2,863,080
Egypt (Arab Republic of) 0% 2018 34,200,000 1,915,816
Egypt (Arab Republic of) 0% 2018 45,200,000 2,397,124
Egypt (Arab Republic of) 0% 2018 40,100,000 2,140,730
Egypt (Arab Republic of) 0% 2018 2,700,000 150,229
Egypt (Arab Republic of) 18.40% 2024 41,000,000 2,423,824
Egypt (Arab Republic of) 5.625% 2030 745,000 783,936
Egypt (Arab Republic of) 7.50% 2027 2,200,000 2,168,003
Electricité de France SA 6.95% 2039 625,000 793,587
Enbridge Energy Partners, LP 4.375% 2020 480,000 488,708
Enbridge Energy Partners, LP 5.20% 2020 1,535,000 1,579,036
Enbridge Energy Partners, LP 9.875% 2019 750,000 782,451
Enbridge Inc. 3.70% 2027 754,000 715,577
Enbridge Inc. 4.00% 2023 600,000 602,429
Enbridge Inc. 4.25% 2026 655,000 649,970
Endo International PLC 5.75% 2022 780,000 702,000
Endo International PLC 6.00% 2025 300,000 235,500
Enel Finance International SA 2.75% 2023 5,000,000 4,656,515
Enel Finance International SA 3.50% 2028 1,800,000 1,620,040
Enel Finance International SA 3.625% 2027 2,375,000 2,175,678
Energy Transfer Partners, LP 4.00% 2027 1,054,000 986,446
Energy Transfer Partners, LP 4.20% 2027 260,000 245,263
Energy Transfer Partners, LP 5.50% 2027 575,000 576,438
Energy Transfer Partners, LP 5.875% 2024 600,000 616,500
Energy Transfer Partners, LP 6.00% 2048 230,000 230,060
Enersis Américas SA 4.00% 2026 1,960,000 1,871,996
Ensco PLC 7.75% 2026 525,000 497,936
Ensco PLC, 5.75% 2044 1,030,000 731,300
Envision Healthcare Corp. 5.125% 2022 190,000 192,613
Equinix, Inc. 5.375% 2027 200,000 200,000
Essex Portfolio LP 3.375% 2026 885,000 841,354
Essex Portfolio LP 3.50% 2025 2,835,000 2,740,158
Euramax International, Inc. 12.00% 2020 575,000 606,625
European Financial Stability Facility 0.40% 2025 6,000,000 7,033,699
European Investment Bank 2.25% 2022 3,567,000 3,484,781
Exelon Corp. 3.40% 2026 1,465,000 1,393,288
Exelon Corp. 3.497% 2022 525,000 519,785
Extraction Oil & Gas, Inc. 5.625% 2026 400,000 383,524
Exxon Mobil Corp. 2.222% 2021 570,000 559,685
Fannie Mae 3.50% 2042 364,605 365,899
Fannie Mae 3.50% 2042 760,122 762,560
Fannie Mae 3.50% 2042 254,894 255,672
Fannie Mae 3.50% 2048 6,250,000 6,219,194
Fannie Mae 4.00% 2048 4,034,352 4,112,990
Fannie Mae 4.00% 2048 9,497,662 9,669,066
Fannie Mae 4.00% 2048 2,667,986 2,713,738
Fannie Mae 4.50% 2048 886,688 923,351
Fannie Mae 4.50% 2048 6,333,216 6,573,308
Fannie Mae 4.50% 2048 5,830,096 6,060,227
Fannie Mae, Series 2012-M17, Class A2, Multi Family, 2.184% 2022 2,000,000 1,934,766
First Data Corp. 5.00% 2024 125,000 124,531
First Data Corp. 5.375% 2023 175,000 177,056
First Quantum Minerals Ltd. 6.875% 2026 525,000 504,000
First Quantum Minerals Ltd. 7.00% 2021 1,431,000 1,447,993
First Quantum Minerals Ltd. 7.50% 2025 1,375,000 1,362,144
FirstEnergy Corp. 3.50% 2028 645,000 612,677
FirstEnergy Corp. 3.90% 2027 3,915,000 3,803,685
FirstEnergy Corp. 4.85% 2047 380,000 389,738
Ford Motor Credit Co. 2.375% 2019 2,550,000 2,540,542
Ford Motor Credit Co. 2.597% 2019 2,020,000 2,004,858
France Telecom 5.375% 2050 300,000 542,578
France Télécom 9.00% 2031 1,824,000 2,507,166
Freddie Mac, Series 3213, Class OG, principal only, 0% 2036 12,332 10,983
Freddie Mac, Series 3292, Class BO, principal only, 0% 2037 47,083 40,178
Freeport-McMoRan Inc. 3.55% 2022 1,450,000 1,381,125
French Republic O.A.T. 2.00% 2048 1,490,000 1,932,399
French Republic O.A.T. 2.25% 2024 11,680,000 15,457,339
French Republic O.A.T. 3.25% 2045 1,200,000 1,968,322
Frontier Communications Corp. 10.50% 2022 375,000 342,188
Frontier Communications Corp. 11.00% 2025 2,175,000 1,750,223
General Mills, Inc. 3.20% 2021 455,000 452,907
Genesis Energy, LP 6.50% 2025 350,000 337,750
Genesis Energy, LP 6.75% 2022 425,000 431,375
Genesys Telecommunications Laboratories, Inc. 10.00% 2024 75,000 83,897
Germany (Federal Republic of) 0.50% 2028 5,680,000 6,754,205
Germany (Federal Republic of) 1.25% 2048 17,050,000 21,083,130
Germany (Federal Republic of) 1.75% 2024 5,270,000 6,832,787
Germany (Federal Republic of) 2.50% 2046 7,370,000 11,824,485
Germany (Federal Republic of) 4.75% 2040 200,000 418,696
Germany (Federal Republic of) 6.25% 2030 1,800,000 3,493,942
Gogo Inc. 12.50% 2022 2,185,000 2,337,950
Goldman Sachs Group, Inc. 2.00% 2019 850,000 844,294
Goldman Sachs Group, Inc. 2.875% 2021 2,152,000 2,125,199
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR +0.990 on 07/24/2022) 2,200,000 2,120,360
Goldman Sachs Group, Inc. 3.50% 2025 5,970,000 5,768,441
Goldman Sachs Group, Inc. 3.75% 2026 580,000 562,699
Goldman Sachs Group, Inc. 4.75% 2045 1,805,000 1,789,439
Government National Mortgage Assn. 4.00% 2048 7,241,000 7,409,440
Greece (Hellenic Republic of) 3.50% 2023 1,605,499 1,909,938
Greece (Hellenic Republic of) 3.75% 2028 684,185 787,531
Greece (Hellenic Republic of) 3.90% 2033 1,714,749 1,873,802
Greece (Hellenic Republic of) 4.00% 2037 1,769,810 1,892,651
Greece (Hellenic Republic of) 4.20% 2042 1,759,124 1,881,579
Groupe BPCE SA 2.75% 2026 (5 year EURO Mid Swap + 1.83% on 07/08/2021) 3,300,000 4,019,971
Groupe BPCE SA 4.625% 2023 1,200,000 1,617,474
Groupe BPCE SA 5.70% 2023 1,800,000 1,884,510
Guatemala (Republic of) 4.375% 2027 800,000 744,000
H.I.G. Capital, LLC 6.75% 2024 318,000 312,038
HCA Inc. 5.25% 2026 125,000 124,463
HCA Inc. 5.875% 2023 250,000 260,000
HSBC Holdings PLC 3.033% 2023 (3-month USD-LIBOR +0.923 on 11/12/2022) 1,180,000 1,139,318
HSBC Holdings PLC 3.375% 2024 (5 year EURO Mid Swap + 1.95% on 01/10/2019) 1,700,000 2,018,434
HSBC Holdings PLC 3.90% 2026 4,200,000 4,109,641
HSBC Holdings PLC 4.00% 2022 305,000 309,531
Halliburton Co. 3.80% 2025 870,000 865,104
Hanesbrands Inc. 4.625% 2024 85,000 83,300
Hanesbrands Inc. 4.875% 2026 350,000 339,500
Hardwoods Acquisition Inc 7.50% 2021 228,000 212,610
Harris Corp. 2.70% 2020 155,000 153,690
Healthsouth Corp. 5.75% 2025 720,000 730,800
Hertz Global Holdings Inc. 7.625% 2022 845,000 813,313
Holcim Ltd. 5.15% 2023 1,290,000 1,354,361
Hub International Ltd., 7.00% 2026 85,000 84,150
Humana Inc. 3.85% 2024 1,000,000 999,127
Hungary 3.875% 2020 1,000,000 1,243,866
Hungary 5.375% 2024 2,700,000 2,873,038
Huntsman International LLC 4.875% 2020 425,000 432,969
Husky Energy Inc. 7.25% 2019 250,000 263,903
Hyundai Capital America 2.55% 2020 2,580,000 2,536,442
Hyundai Capital America 3.25% 2022 658,000 640,561
Hyundai Capital Services Inc. 2.625% 2020 500,000 489,453
Hyundai Capital Services Inc. 3.75% 2023 2,450,000 2,413,581
Icahn Enterprises Finance Corp. 6.25% 2022 600,000 613,500
Imperial Tobacco Finance PLC 3.50% 2023 2,000,000 1,956,526
India (Republic of) 6.79% 2027 500,000,000 6,741,589
India (Republic of) 6.97% 2026 431,000,000 5,905,760
India (Republic of) 7.35% 2024 30,000,000 422,973
India (Republic of) 7.59% 2029 375,800,000 5,271,841
India (Republic of) 7.61% 2030 167,270,000 2,346,150
India (Republic of) 7.68% 2023 224,400,000 3,227,050
India (Republic of) 7.80% 2021 727,600,000 10,636,564
India (Republic of) 7.88% 2030 25,000,000 358,407
India (Republic of) 8.40% 2024 450,000,000 6,661,826
India (Republic of) 8.83% 2023 1,284,200,000 19,456,525
Indonesia (Republic of) 3.75% 2022 2,960,000 2,935,139
Indonesia (Republic of) 4.75% 2026 3,500,000 3,554,859
Infor Software 7.125% 2021 300,000 301,875
Inmarsat PLC 4.875% 2022 1,075,000 1,061,563
Intelsat Jackson Holding Co. 6.625% 2024 175,000 181,038
Intelsat Jackson Holding Co. 7.25% 2020 405,000 405,000
Intelsat Jackson Holding Co. 7.50% 2021 2,050,000 2,044,875
Intelsat Jackson Holding Co. 8.00% 2024 350,000 368,375
International Paper Co. 7.30% 2039 600,000 769,331
Intesa Sanpaolo SpA 5.017% 2024 2,510,000 2,280,222
Intesa Sanpaolo SpA 6.625% 2023 1,885,000 2,574,743
Iraq (Republic of) 6.752% 2023 545,000 525,037
Ireland (Republic of) 0.90% 2028 7,000,000 8,245,008
Iron Mountain Inc. 4.875% 2027 235,000 217,669
Israel (State of) 2.00% 2027 28,300,000 7,746,414
Israel (State of) 5.50% 2042 29,300,000 11,442,854
Italy (Republic of) 0.95% 2023 14,000,000 15,788,521
Italy (Republic of) 2.05% 2027 6,200,000 6,910,359
Italy (Republic of) 4.50% 2024 2,500,000 3,297,476
Italy (Republic of) 4.75% 2023 2,900,000 3,863,609
JPMorgan Chase & Co. 2.55% 2021 6,039,000 5,919,995
JPMorgan Chase & Co. 2.604% 2021 (3-month USD-LIBOR +0.280 on 20/01/2020) 1,700,000 1,685,516
JPMorgan Chase & Co. 3.25% 2022 1,000,000 991,013
Jaguar Holding Co. 6.375% 2023 225,000 224,483
Japan, Series 116, 2.20% 2030 1,735,000,000 19,471,914
Japan, Series 128, 0.10% 2021 625,000,000 5,683,393
Japan, Series 134, 0.10% 2022 1,350,000,000 12,309,978
Japan, Series 145, 1.70% 2033 2,210,000,000 24,147,476
Japan, Series 18, 0.10% 2024 3,153,700,000 29,666,970
Japan, Series 19, 0.10% 2024 2,691,050,000 25,460,641
Japan, Series 20, 0.10% 2025 675,360,000 6,395,836
Japan, Series 21, 0.10% 2026 982,107,750 9,354,972
Japan, Series 21, 2.30% 2035 720,000,000 8,600,500
Japan, Series 336, 0.50% 2024 800,000,000 7,496,227
Japan, Series 337, 0.30% 2024 880,000,000 8,142,577
Japan, Series 340, 0.40% 2025 435,000,000 4,059,678
Japan, Series 344, 0.10% 2026 605,000,000 5,522,044
Japan, Series 346, 0.10% 2027 3,125,000,000 28,493,711
Japan, Series 42, 1.70% 2044 450,000,000 5,081,230
Japan, Series 57, 0.80% 2047 3,756,250,000 34,764,015
Japan, Series 758, 0% 2019 11,900,000,000 107,607,106
Jonah Energy LLC 7.25% 2025 350,000 284,375
Jordan (Hashemite Kingdom of) 5.75% 2027 1,035,000 963,885
Jupiter Resources Inc. 8.50% 2022 85,000 35,063
KfW 2.125% 2022 3,955,000 3,852,012
Kimco Realty Corp. 6.875% 2019 1,250,000 1,304,871
Kinder Morgan Energy Partners, LP 3.45% 2023 2,250,000 2,173,538
Kinder Morgan Energy Partners, LP 3.50% 2021 175,000 174,791
Kinder Morgan Energy Partners, LP 3.50% 2023 1,600,000 1,558,302
Kinder Morgan Energy Partners, LP 4.15% 2024 1,700,000 1,693,928
Kinder Morgan Energy Partners, LP 5.50% 2044 4,225,000 4,207,825
Kinder Morgan, Inc. 4.30% 2028 2,185,000 2,120,990
Kinetic Concepts, Inc. 12.50% 2021 325,000 360,750
Korea Housing Finance Corp. 2.00% 2021 2,525,000 2,402,404
Korea Housing Finance Corp. 2.50% 2020 2,250,000 2,199,600
Kraft Heinz Co. 4.375% 2046 825,000 715,848
Kratos Defense & Security Solutions, Inc. 6.50% 2025 110,000 114,263
Kronos Inc., Term Loan B, (3-month USD-LIBOR + 8.25%) 10.608% 2024 425,000 440,406
Kuwait (State of) 2.75% 2022 3,550,000 3,463,061
LSB Industries, Inc. 9.625% 2023 155,000 156,744
LSC Communications, Inc. 8.75% 2023 475,000 467,281
Liberty Global PLC 5.50% 2028 375,000 338,438
Ligado Networks, Term Loan, (3-month USD-LIBOR + 8.75%) 11.069% 2020 1,753,570 1,456,924
Lima Metro Line Finance Ltd. 5.875% 2034 2,000,000 2,045,200
Limited Brands, Inc. 5.25% 2028 160,000 142,400
Limited Brands, Inc. 6.875% 2035 125,000 111,875
Lithuania (Republic of) 7.375% 2020 2,475,000 2,644,538
Lloyds Banking Group PLC 6.50% 2020 1,090,000 1,405,613
Lloyds Banking Group PLC 7.625 % 2025 655,000 1,114,466
Lockheed Martin Corp. 2.50% 2020 205,000 202,334
MGM Resorts International 7.75% 2022 200,000 218,500
Malaysia (Federation of), Series 0115, 3.955% 2025 28,150,000 6,839,764
Malaysia (Federation of), Series 0116, 3.80% 2023 21,100,000 5,176,408
Malaysia (Federation of), Series 0212, 3.892% 2027 850,000 202,930
Malaysia (Federation of), Series 0215, 3.795% 2022 6,000,000 1,483,636
Malaysia (Federation of), Series 0310, 4.498% 2030 42,250,000 10,354,623
Malaysia (Federation of), Series 0314, 4.048% 2021 7,600,000 1,900,339
Malaysia (Federation of), Series 0315, 3.659% 2020 1,260,000 312,480
Malaysia (Federation of), Series 0316, 3.90% 2026 17,250,000 4,137,950
Malaysia (Federation of), Series 0511, 3.58% 2018 6,155,000 1,524,465
Malaysia (Federation of), Series 0515, 3.759% 2019 14,650,000 3,636,323
Mallinckrodt PLC 4.875% 2020 1,050,000 1,036,875
Maple Escrow 4.597% 2028 2,050,000 2,060,769
Maple Escrow 5.085% 2048 1,075,000 1,087,136
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 4.50%) 6.593% 2024 398,368 401,024
McDonald's Corp. 3.35% 2023 1,420,000 1,416,603
Medtronic, Inc. 3.50% 2025 3,500,000 3,465,350
Meredith Corp. 6.875% 2026 225,000 222,469
Meritage Homes Corp. 5.125% 2027 375,000 349,688
Microsoft Corp. 2.40% 2026 2,688,000 2,488,322
MidAmerican Energy Co. 4.40% 2044 240,000 247,770
Molina Healthcare, Inc. 4.875% 2025 482,000 469,950
Molina Healthcare, Inc. 5.375% 2022 1,250,000 1,264,063
Morgan Stanley 3.125% 2026 1,421,000 1,322,775
Morgan Stanley 3.875% 2026 1,580,000 1,556,291
Morocco (Kingdom of) 5.50% 2042 3,100,000 3,154,250
NGL Energy Partners LP 6.125% 2025 985,000 935,750
NGL Energy Partners LP 6.875% 2021 980,000 995,925
NN Group NV, 4.50% (undated) (3-month EUR-LIBOR + 4.00% on 01/15/2026) 2,720,000 3,287,194
NN Group NV, 4.625% 2044 (3-month EUR-LIBOR + 3.95% on 04/08/2024) 1,320,000 1,660,187
NRG Energy, Inc. 6.25% 2022 525,000 541,564
National Highways Authority of India 7.17% 2021 220,000,000 3,086,753
National Highways Authority of India 7.27% 2022 50,000,000 716,580
National Rural Utilities Cooperative Finance Corp. 10.375% 2018 550,000 564,112
Navient Corp. 4.875% 2019 465,000 467,906
Navient Corp. 5.5% 2023 1,195,000 1,178,569
Navient Corp. 6.125% 2024 175,000 173,688
Navient Corp. 6.50% 2022 565,000 579,125
Neiman Marcus Group LTD Inc., Term Loan B, (3-month USD-LIBOR + 3.25%) 5.564% 2020 148,677 132,136
Niagara Mohawk Power Corp. 3.508% 2024 180,000 180,023
Niagara Mohawk Power Corp. 4.278% 2034 300,000 310,617
Nigeria (Republic of) 0% 2018 789,500,000 2,106,281
Nigeria (Republic of) 0% 2018 572,205,000 1,497,898
Nigeria (Republic of) 0% 2018 850,000,000 2,230,692
Nigeria (Republic of) 0% 2018 1,412,255,000 3,810,483
Nigeria (Republic of) 0% 2018 88,755,000 244,156
Nigeria (Republic of) 0% 2018 266,265,000 726,176
Nigeria (Republic of) 0% 2018 443,770,000 1,203,260
Nigeria (Republic of) 0% 2018 339,870,000 931,397
Nigeria (Republic of) 0% 2018 763,285,000 2,109,967
Nigeria (Republic of) 6.50% 2027 465,000 433,782
Noble Corp. PLC 7.95% 2025 250,000 233,750
Noble Corp. PLC 8.95% 2045 650,000 596,375
Norway (Kingdom of) 3.75% 2021 58,500,000 7,725,576
Nova Chemicals Corp. 5.25% 2027 500,000 467,188
Novelis Corp. 5.875% 2026 325,000 312,000
Nykredit Realkredit AS, Series 01E, 1.50% 2040 178,600,000 27,867,977
Nykredit Realkredit AS, Series 01E, 2.50% 2047 14,723,395 2,409,879
Odebrecht Drilling Norbe 7.72% 2026 11,477 3,070
Oracle Corp. 2.65% 2026 2,327,000 2,147,560
Oracle Corp. 3.25% 2027 1,880,000 1,800,025
Owens & Minor, Inc. 3.875% 2021 600,000 573,000
Owens & Minor, Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 6.869% 2025 235,000 231,181
PNC Bank 2.30% 2020 865,000 852,080
PNC Bank 2.40% 2019 1,225,000 1,216,699
PNC Bank 2.60% 2020 275,000 271,748
Pacific Gas and Electric Co. 2.95% 2026 590,000 527,163
Pacific Gas and Electric Co. 3.25% 2023 580,000 554,232
Pacific Gas and Electric Co. 3.30% 2027 2,625,000 2,376,077
Pacific Gas and Electric Co. 3.30% 2027 1,125,000 1,011,782
Pacific Gas and Electric Co. 3.75% 2042 630,000 521,295
Pacific Gas and Electric Co. 3.85% 2023 300,000 296,040
Pacific Gas and Electric Co. 3.95% 2047 1,250,000 1,072,765
Pacific Gas and Electric Co. 4.25% 2046 1,244,000 1,109,621
Pacific Gas and Electric Co. 6.35% 2038 534,000 576,420
Pakistan (Islamic Republic of) 5.50% 2021 3,535,000 3,294,924
Pakistan (Islamic Republic of) 8.25% 2024 2,240,000 2,147,313
Panama (Republic of) 4.50% 2050 1,230,000 1,185,413
Paraguay (Republic of) 4.70% 2027 350,000 343,000
Paraguay (Republic of) 5.60% 2048 2,340,000 2,275,650
Peabody Energy Corp. 6.00% 2022 150,000 152,438
Peabody Energy Corp. 6.375% 2025 75,000 77,344
Pernod Ricard SA 4.45% 2022 730,000 751,008
Peru (Republic of) 5.625% 2050 280,000 325,850
Peru (Republic of) 6.15% 2032 27,300,000 8,548,175
Petrobras Global Finance Co. 5.299% 2025 1,650,000 1,526,663
Petrobras Global Finance Co. 6.125% 2022 657,000 669,812
Petrobras Global Finance Co. 6.85% 2115 2,000,000 1,688,000
Petróleos Mexicanos 6.35% 2048 927,000 843,570
Petróleos Mexicanos 6.50% 2027 2,675,000 2,739,869
Petsmart Inc., Term Loan B-2, (3-month USD-LIBOR + 3.00%) 5.341% 2022 725,000 602,294
Petsmart, Inc. 5.875% 2025 2,195,000 1,695,638
Petsmart, Inc. 8.875% 2025 1,240,000 821,500
Philip Morris International Inc. 2.00% 2020 950,000 934,922
Philip Morris International Inc. 2.625% 2022 280,000 272,993
Philip Morris International Inc. 4.25% 2044 475,000 450,726
Phillips 66 Partners LP 4.68% 2045 110,000 103,414
Pisces Parent, LLC 8.00% 2026 250,000 241,700
Platform Specialty Products Corp. 5.875% 2025 200,000 195,750
Poland (Republic of) 3.25% 2026 4,590,000 4,438,906
Poland (Republic of) 4.00% 2024 980,000 996,773
Poland (Republic of), Series 0420, 1.50% 2020 26,750,000 7,138,047
Poland (Republic of), Series 0725, 3.25% 2025 34,750,000 9,443,958
Poland (Republic of), Series 0922, 5.75% 2022 34,600,000 10,520,408
Poland (Republic of), Series 1020, 5.25% 2020 29,600,000 8,540,232
Poland (Republic of), Series 1021, 5.75% 2021 126,530,000 37,839,248
Poland (Republic of), Series 1023, 4.00% 2023 31,140,000 8,912,642
Portuguese Republic 2.875% 2025 12,350,000 16,060,808
Portuguese Republic 2.875% 2026 2,095,000 2,710,513
Portuguese Republic 4.125% 2027 11,510,000 16,191,484
Progress Energy, Inc. 7.05% 2019 910,000 936,263
Progress Energy, Inc. 7.75% 2031 550,000 733,420
Prologis, Inc. 4.25% 2023 2,075,000 2,139,873
Puget Energy, Inc. 5.625% 2022 480,000 509,391
Puget Energy, Inc. 6.00% 2021 1,023,000 1,094,786
Puget Energy, Inc. 6.50% 2020 335,000 358,939
QGOG Constellation SA 9.50% 2024 2,158,427 911,935
Qatar (State of) 3.875% 2023 475,000 475,540
Qatar (State of) 4.50% 2028 3,205,000 3,240,559
Qatar (State of) 5.103% 2048 530,000 529,592
Quebec (Province of) 2.375% 2022 1,748,000 1,710,418
Quintiles Transnational Corp. 4.875% 2023 250,000 253,750
R.R. Donnelley & Sons Co. 6.50% 2023 625,000 618,750
R.R. Donnelley & Sons Co. 7.875% 2021 300,000 306,000
Rabobank Nederland 2.50% 2026 (5 year EURO Mid Swap + 1.40% on 05/26/2021) 3,300,000 4,016,965
Rabobank Nederland 4.625% 2023 2,180,000 2,197,658
Rayonier Advanced Materials Inc. 5.50% 2024 325,000 307,125
Realkredit Danmark AS, Series 22S, 2.00% 2037 24,850,976 4,058,765
Realkredit Danmark AS, Series S22, 1.50% 2040 58,600,000 9,145,989
Reynolds American Inc. 3.25% 2020 640,000 639,012
Reynolds American Inc. 4.00% 2022 455,000 458,238
Reynolds American Inc. 4.45% 2025 2,115,000 2,128,638
Roche Holdings, Inc. 2.375% 2027 725,000 661,563
Roche Holdings, Inc. 2.875% 2021 1,250,000 1,238,395
Roche Holdings, Inc. 3.35% 2024 3,050,000 3,032,380
Romania 2.30% 2020 12,875,000 3,078,214
Romania 2.75% 2025 1,285,000 1,612,013
Romania 3.25% 2021 15,110,000 3,677,492
Romania 3.375% 2038 4,170,000 4,617,864
Romania 3.40% 2022 3,250,000 778,921
Romania 3.875% 2035 2,810,000 3,358,706
Romania 5.40% 2048 6,200,000 5,998,227
Romania 5.95% 2021 15,290,000 3,982,276
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 1,967,946
Royal Dutch Shell PLC 1.75% 2021 1,740,000 1,667,249
Ryerson Inc. 11.00% 2022 835,000 920,588
SM Energy Co. 6.50% 2021 75,000 76,772
SWEDBANK AB CP 7/2/2018 30,900,000 30,895,236
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 550,000 510,125
Santander Holdings USA, Inc. 3.70% 2022 4,475,000 4,411,786
Saudi Arabia (Kingdom of) 2.894% 2022 1,900,000 1,850,078
Saudi Arabia (Kingdom of) 3.625% 2028 3,840,000 3,659,597
Saudi Arabia (Kingdom of) 3.628% 2027 1,900,000 1,836,886
Saudi Arabia (Kingdom of) 4.50% 2030 3,115,000 3,117,395
Scentre Group 3.50% 2025 600,000 578,937
Scentre Group 3.75% 2027 300,000 288,482
Schlumberger BV 4.00% 2025 1,460,000 1,456,987
Shire PLC 1.90% 2019 2,000,000 1,970,008
Shire PLC 2.40% 2021 3,930,000 3,765,003
Shire PLC 2.875% 2023 818,000 770,099
Shire PLC 3.20% 2026 405,000 371,664
Sierra Pacific Power Co., General and Refunding Mortgage Notes, Series T, 3.375% 2023 2,450,000 2,440,286
Sirius XM Radio Inc. 3.875% 2022 425,000 412,250
Skandinaviska Enskilda Banken AB 2.625% 2021 2,250,000 2,209,770
Skandinaviska Enskilda Banken AB 2.80% 2022 5,100,000 4,971,057
South Africa (Republic of), Series R-186, 10.50% 2026 41,900,000 3,348,603
South Africa (Republic of), Series R-214, 6.50% 2041 145,850,000 7,587,326
South Korea (Republic of), Series 2203, 1.875% 2022 3,540,000,000 3,135,112
South Korea (Republic of), Series 2209, 2.00% 2022 13,974,200,000 12,390,470
South Korea (Republic of), Series 2303, 2.375% 2023 3,500,000,000 3,145,402
South Korea (Republic of), Series 2712, 2.375% 2027 14,470,000,000 12,802,295
Southwestern Energy Co. 4.10% 2022 1,315,000 1,262,400
Spain (Kingdom of) 1.45% 2027 19,430,000 23,094,469
Spain (Kingdom of) 1.50% 2027 10,350,000 12,401,154
Spain (Kingdom of) 2.70% 2048 6,025,000 7,322,304
Spain (Kingdom of) 2.90% 2046 1,870,000 2,384,666
Staples Inc. 8.50% 2025 260,000 243,100
Starwood Property Trust, Inc. 5.00% 2021 350,000 353,500
State Grid Overseas Investment Ltd. 3.50% 2027 5,600,000 5,349,176
Statoil ASA 3.70% 2024 1,950,000 1,968,693
Statoil ASA 4.25% 2041 1,000,000 993,690
Sunoco LP 4.875% 2023 130,000 125,125
Svenska Handelsbanken AB 2.656% 2024 (5 year EURO Mid Swap + 1.43% on 01/15/2019) 2,170,000 2,567,744
Sweden (Kingdom of) 1.125% 2019 3,000,000 2,945,337
TEEKAY OFFSHORE PARTNERS LP 8.50% 2023 400,000 405,000
Talen Energy Corp. 10.50% 2026 85,000 76,075
Talen Energy Corp. 9.50% 2022 360,000 355,277
Targa Resources Partners LP 6.75% 2024 190,000 199,975
Team Health Holdings, Inc. 6.375% 2025 620,000 536,300
Teco Finance, Inc. 5.15% 2020 75,000 77,080
Teekay Corp. 8.50% 2020 2,075,000 2,147,625
Tenet Healthcare Corp. 4.375% 2021 250,000 247,188
Tenet Healthcare Corp. 4.50% 2021 1,625,000 1,616,875
Tenet Healthcare Corp. 4.625% 2024 421,000 400,350
Tenet Healthcare Corp. 4.75% 2020 175,000 176,313
Tenet Healthcare Corp., 6.00% 2020 430,000 443,438
Teva Pharmaceutical Finance Company BV 2.20% 2021 270,000 250,596
Teva Pharmaceutical Finance Company BV 2.80% 2023 1,280,000 1,106,477
Teva Pharmaceutical Finance Company BV 3.15% 2026 2,420,000 1,947,725
Teva Pharmaceutical Finance Company BV 6.00% 2024 230,000 229,962
Thailand (Kingdom of) 1.875% 2022 258,200,000 7,764,969
Thailand (Kingdom of) 2.125% 2026 379,250,000 11,052,190
Thailand (Kingdom of) 3.85% 2025 65,000,000 2,146,825
Transocean Inc. 9.00% 2023 419,000 452,520
Trilogy International Partners, LLC 8.875% 2022 950,000 964,250
Turkey (Republic of) 11.00% 2022 19,700,000 3,600,063
Turkey (Republic of) 6.25% 2022 1,880,000 1,889,392
U.S. Treasury 1.125% 2021 28,660,000 27,574,646
U.S. Treasury 1.875% 2024 9,400,000 8,913,456
U.S. Treasury 2.00% 2021 16,500,000 16,176,930
U.S. Treasury 2.00% 2022 3,500,000 3,397,485
U.S. Treasury 2.00% 2026 33,560,000 31,429,611
U.S. Treasury 2.125% 2022 41,955,000 40,888,084
U.S. Treasury 2.25% 2027 27,700,000 26,307,244
U.S. Treasury 2.375% 2023 27,625,000 27,204,824
U.S. Treasury 2.50% 2020 7,900,000 7,895,892
U.S. Treasury 2.625% 2023 6,900,000 6,870,261
U.S. Treasury 2.75% 2023 39,400,000 39,423,246
U.S. Treasury 2.75% 2028 57,600,000 57,050,496
U.S. Treasury 2.75% 2047 18,900,000 17,995,446
U.S. Treasury 2.875% 2028 24,000,000 24,030,000
U.S. Treasury 3.00% 2048 10,600,000 10,611,978
U.S. Treasury 3.125% 2048 4,000,000 4,103,200
U.S. Treasury Inflation-Protected Security 0.125% 2024 7,176,108 6,975,896
U.S. Treasury Inflation-Protected Security 0.25% 2025 11,743,245 11,421,856
U.S. Treasury Inflation-Protected Security 0.375% 2025 5,811,630 5,709,083
U.S. Treasury Inflation-Protected Security 0.375% 2027 3,786,291 3,678,550
U.S. Treasury Inflation-Protected Security 0.625% 2024 27,089,884 27,055,603
U.S. Treasury Inflation-Protected Security 0.625% 2026 10,229,426 10,174,107
U.S. Treasury Inflation-Protected Security 0.625% 2043 1,307,880 1,237,898
U.S. Treasury Inflation-Protected Security 0.75% 2042 693,094 676,564
U.S. Treasury Inflation-Protected Security 0.75% 2045 712,960 691,370
U.S. Treasury Inflation-Protected Security 1.00% 2046 6,926,953 7,130,710
U.S. Treasury Inflation-Protected Security 1.375% 2044 5,698,454 6,358,357
U.S. Treasury Inflation-Protected Security 2.375% 2025 1,528,764 1,695,092
UNITED OVERSEAS BK LTD 4(2) CP 7/10/2018 40,600,000 40,576,005
Ultra Petroleum Corp. 6.875% 2022 630,000 480,375
Ultra Petroleum Corp. 7.125% 2025 250,000 176,875
UniCredit SPA 3.75% 2022 1,750,000 1,671,196
UniCredit SPA 4.625% 2027 2,150,000 2,001,605
Union Pacific Corp. 4.50% 2048 260,000 263,424
Unisys Corp. 10.75% 2022 425,000 478,125
United Kingdom 1.25% 2027 11,725,000 15,371,630
United Kingdom 1.50% 2047 2,380,000 2,970,172
United Kingdom 2.25% 2023 1,550,000 2,173,361
United Kingdom 2.75% 2024 3,200,000 4,641,677
United Kingdom 3.25% 2044 6,500,000 11,191,691
United Kingdom 3.50% 2045 2,590,000 4,674,529
United Kingdom 4.25% 2027 2,800,000 4,667,437
United Mexican States 3.75% 2028 2,000,000 1,893,500
United Mexican States 4.00% 2040 207,864 1,090,367
United Mexican States, Series M, 5.75% 2026 6,545,000 29,459,050
United Mexican States, Series M, 6.50% 2021 3,733,000 18,215,533
United Mexican States, Series M, 6.50% 2022 1,191,000 5,758,347
United Mexican States, Series M, 7.75% 2042 227,347 1,154,487
United Mexican States, Series M, 8.00% 2020 925,000 4,686,328
United Mexican States, Series M20, 10.00% 2024 1,420,000 8,036,341
United Mexican States, Series M30, 10.00% 2036 350,000 2,173,674
UnitedHealth Group Inc. 2.70% 2020 520,000 516,580
Uruguay (Oriental Republic of) 8.50% 2028 128,291,000 3,536,133
Uruguay (Oriental Republic of) 8.50% 2028 55,000,000 1,515,986
Uruguay (Oriental Republic of) 9.875% 2022 35,081,000 1,110,332
Vale SA 6.25% 2026 1,310,000 1,422,005
Valeant Pharmaceuticals International, Inc. 6.125% 2025 2,450,000 2,266,250
Valeant Pharmaceuticals International, Inc. 9.00% 2025 110,000 114,538
Valeant Pharmaceuticals International, Inc. 9.25% 2026 545,000 567,481
Veritas Holdings Limited 7.50% 2023 200,000 188,000
Verizon Communications Inc. 4.125% 2046 1,814,000 1,554,382
Verizon Communications Inc. 4.50% 2033 1,920,000 1,865,197
Vine Oil & Gas LP 8.75% 2023 325,000 301,438
Virgin Australia Holdings Ltd. 8.50% 2019 100,000 101,375
Volkswagen Group of America Finance, LLC 2.45% 2019 545,000 539,135
WEA Finance LLC 2.70% 2019 1,185,000 1,180,266
WEA Finance LLC 3.25% 2020 3,030,000 3,024,813
WEA Finance LLC 3.75% 2024 535,000 528,762
WI TREASURY NOTE 2.75% 06-30-25 12,000,000 11,944,680
WM. Wrigley Jr. Co 3.375% 2020 515,000 516,557
Warrior Met Coal, Inc. 8.00% 2024 250,000 258,750
Weatherford International PLC 4.50% 2022 250,000 230,720
Weatherford International PLC 6.50% 2036 650,000 511,875
Weatherford International PLC 6.75% 2040 1,280,000 1,020,800
Weatherford International PLC 8.25% 2023 850,000 845,402
Weatherford International PLC 9.875% 2024 125,000 126,835
Weatherford International PLC 9.875% 2025 325,000 328,250
WellPoint, Inc. 2.30% 2018 585,000 584,931
Wells Fargo & Co. 3.584% 2028 (3-month USD-LIBOR +1.310 on 05/15/2027) 900,000 862,957
Western Gas Partners LP 3.95% 2025 2,900,000 2,738,154
Western Gas Partners LP 4.00% 2022 1,500,000 1,483,368
Westfield Corp. Ltd. 3.15% 2022 245,000 240,317
Williams Partners LP 4.125% 2020 375,000 379,884
Williams Partners LP 4.30% 2024 1,380,000 1,386,086
Williams Partners LP 4.50% 2023 760,000 772,184
Williams Partners LP 5.25% 2020 225,000 232,035
Wind Tre SpA 5.00% 2026 725,000 578,340
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 2023 543,000 517,886
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.25% 2027 275,000 257,469
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.50% 2025 375,000 369,375
Ziggo Bond Finance BV 5.50% 2027 1,475,000 1,381,485
Zimmer Holdings, Inc. 3.15% 2022 790,000 776,014

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.