Global Multi-Sector Bond Fund
Investor Class
PRSNX
Invests in domestic and foreign debt instruments, including government and corporate bonds; mortgage-backed, commercial mortgage-backed, and asset-backed securities; and preferred stocks.
If interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term. High-yield bonds carry greater default risk than higher-rated bonds along with greater liquidity risk. To the extent the fund holds foreign bonds, it will be subject to special risks, including potentially adverse political and economic developments overseas, greater volatility, lower liquidity, and the possibility that foreign currencies will decline against the dollar. Investments in emerging markets are subject to the risk of abrupt and severe price declines.
PRSNXCUSIP 74149N106
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Morningstar (Category)
Morningstar
(Overall Rating)1
World Bond-USD Hedged
(71 funds)
Data as of 10/31/2019
Data as of 10/31/2019
Fund Manager Tenure2
Net Assets3
(USD)
1yr
$1.2b
Data as of 10/31/2019
Data as of 10/31/2019
Price
(USD)
Daily Price Change
$11.56
$+0.01
Data as of 11/15/2019
Data as of 11/15/2019
Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.
Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.
Strategy
Investment Objective
The fund seeks to provide high income and some capital appreciation.Morningstar Fixed Income Style
Low / Extensive
Data as of 10/31/2019
The Morningstar Style Box™, a proprietary Morningstar data point, is a 9-square grid that provides a graphical representation of the "investment style" of stocks and mutual funds. See disclaimer at bottom of page for more information.
Morningstar Rating
| Period | Rating | Funds In Category (World Bond-USD Hedged) |
|---|---|---|
| Overall | 71 | |
| 3 Years | 71 | |
| 5 Years | 58 | |
| 10 Years | 36 |
The Morningstar Rating™ for funds, or "star rating", is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.
Yields & Dividends (Investor Class)
30-Day SEC Standardized Yield
with waiver
2.75%Data as of 10/31/2019
without waiver
2.75%Data as of 10/31/2019
30-Day Annualized Dividend Yield
with waiver
3.57%Data as of 11/15/2019
Monthly Dividend
(USD)
$0.033253794
Data as of 10/31/2019
Monthly Dividend
Rate
0.02%
Data as of 11/15/2019
Average Annual Total Returns (Investor Class)
1 YR
10.30% 11.28%Benchmark
10.65% 10.67%Value
-0.35% 0.61%Data as of 09/30/2019
Data as of 10/31/2019
3 YR
4.72% 4.88%Benchmark
3.65% 3.93%Value
1.07% 0.95%5 YR
4.29% 4.17%Benchmark
4.12% 3.93%Value
0.17% 0.24%10 YR
5.19% 5.15%Benchmark
4.17% 4.13%Value
1.02% 1.02%Expense Ratio
Gross
0.71%Net
0.69%Limitation Type
Contractual
expires 09/30/2020
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares. Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.
The 30-day dividend yield represents the average daily dividends for the 30-day period, annualized and divided by the net asset values per share at the end of the period; it is available the first quarter after the fund's inception. The SEC standardized yield is computed under an SEC standardized formula and reflects an estimated yield to maturity (assuming all portfolio securities are held to maturity); it is available the first month after the fund's inception.
The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement. If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above. Expense ratios are as of the most recent prospectus.
T. Rowe Price Associates, Inc. is required to permanently waive a portion of its management fee charged to the fund in an amount sufficient to fully offset any acquired fund fees and expenses related to investments in other T. Rowe Price mutual funds. The amount of the waiver will vary each fiscal year in proportion to the amount invested in other T. Rowe Price mutual funds.
Current Year Performance (Investor Class)
Daily YTD
9.03%Benchmark
8.02%Value
1.01%Data as of 11/15/2019
Monthly YTD
9.31%Benchmark
8.57%Value
0.74%Data as of 10/31/2019
One Month
0.29%Benchmark
-0.17%Value
0.46%Three Months
1.56%Benchmark
1.62%Value
-0.06%Asset Allocation
Net Assets
(USD)
$1.2b
Largest
Global ex-US Bonds
65.45%
$798.5m
Other
View complete Asset Allocation
Holdings
Total
Holdings
457
Largest Holding
Federal National Mortgage Assn.
2.37%
Was (06/30/2019)
0.00%
Other
View complete Full Holdings
Quality
N/A
Maturity
Weighted Average
5.27 YearsDuration
Weighted Average
4.87 YearsTop
BBB
23.96%
Was (09/30/2019)
21.08%
Top
3-5 Years
27.88%
Was (09/30/2019)
27.88%
Top
3-5 Years
32.07%
Was (09/30/2019)
33.58%
Over
BB
By 16.36%
Fund
16.87%
Benchmark
0.51%
Over
0-1 Years
By 12.72%
Fund
12.72%
Benchmark
0.00%
Over
Under 1 Year
By 11.17%
Fund
11.80%
Benchmark
0.63%
Under
US Treasury
By -14.82%
Fund
1.55%
Benchmark
16.37%
Under
10+ Years
By -16.03%
Fund
9.20%
Benchmark
25.23%
Under
7-10 Years
By -12.49%
Fund
-0.13%
Benchmark
12.36%
Sectors
Total
Sectors
7
Largest Sector
Global Sovereign
43.80%
Was (09/30/2019)
44.80%
Other
View complete Sector Diversification
Over
Global High Yield
By 14.30%
Fund
14.30%
Benchmark
0.00%
Under
Global Sovereign
By -22.69%
Fund
43.80%
Benchmark
66.49%
Currency
Total
Currencies
26
Largest Currency
U.S. dollar
85.61%
Was (09/30/2019)
85.52%
Other
View complete Currency Diversification
Over
U.S. dollar
By 40.48%
Fund
85.61%
Benchmark
45.13%
Under
euro
By -24.05%
Fund
-0.25%
Benchmark
23.80%
Numbers may not total due to rounding; all numbers are percentages.
Team (As of )
Kenneth A. Orchard
Portfolio Manager
Kenneth Orchard is a senior portfolio manager in the Fixed Income Division of T. Rowe Price and a member of the Global Fixed Income Investment team, with responsibility for cochairing the Fixed Income Sector Strategy Advisory Group . He is the portfolio manager for the Global Multi-Sector Bond and Diversified Income Bond Strategies and co-portfolio manager for the International Bond Strategies . He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.
- Fund manager
since 2018 - Years at
T. Rowe Price 9 - Years investment
experience 16
Terry A. Moore
Portfolio Specialist
Terry Moore is a portfolio specialist in the Fixed Income Division of T. Rowe Price. He is a member of the Global Multi-Sector, Dynamic Global Bond, International Bond, and Customized Fixed Income Solutions teams, working closely with clients, consultants, and prospects. Mr. Moore is a vice president of T. Rowe Price Group, Inc.
- Years at
T. Rowe Price 9 - Years investment
experience 23
For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.
How to Invest
View platform information| Share Class | Min Initial Investment (USD) | Min Subsequent Investment (USD) | 12b-1 Fee | Expense Ratio | |||
|---|---|---|---|---|---|---|---|
| Gross | Net | Limitation Type | Limitation Expiration Date | ||||
|
Investor Class Cusip 74149N106 |
$2,500 | $100 | 0.00% | 0.71% | 0.69% | Contractual | 09/30/2020 |
|
Advisor Class Cusip 74149N205 |
$2,500 | $100 | 0.25% | 1.07% | 0.95% |
Contractual |
09/30/2021 |
|
I Class Cusip 87282M107 |
$1,000,000* | N/A | 0.00% | 0.58% | 0.50% |
Contractual |
09/30/2020 |
* Minimum initial investment $1,000,000. Minimum is generally waived for intermediaries, certain retirement plans, and certain institutional client accounts.
Benefits & Risks
- Offers higher yield potential than money market or shorter-term bond funds but with more volatility. Yield and share price will vary with interest rate changes.
- If interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term.
- High-yield bonds carry greater default risk than higher-rated bonds along with greater liquidity risk.
- To the extent the fund holds foreign bonds, it will be subject to special risks, including potentially adverse political and economic developments overseas, greater volatility, lower liquidity, and the possibility that foreign currencies will decline against the dollar. Investments in emerging markets are subject to the risk of abrupt and severe price declines.
Investor Profile
- For investors seeking to enhance the performance of their fixed-income portfolios and willing to take on the special risks associated with high-yield bonds and foreign securities.
- Appropriate for both regular and tax-deferred accounts, such as IRAs.
Risk/Return Characteristics
Data as of 10/31/2019
| Risk/Return (5 Years) | Fund | Bloomberg Barclays Global Aggregate Bond USD Hedged Index |
|---|---|---|
| Alpha | 1.05% | 0.00% |
| Beta | 0.72 | 1.00 |
| R-Squared | 0.40 | 1.00 |
| Annualized Std. Deviation | 3.07% | 2.68% |
| Information Ratio | 0.10 | 0.00 |
| Sharpe Ratio | 1.03 | 1.09 |
| Tracking Error | 2.48% | 0.00% |
Figures are calculated using monthly data and are net of fees. Past performance cannot guarantee future results.
Asset Allocation (10/31/2019)
| Category | % of Total Net Assets | Market Value (USD) |
|---|---|---|
| Convertibles | 0.14% | $1,708,039.20 |
| Global ex-US Bonds | 65.45% | $798,508,326.75 |
| Reserves | 1.03% | $12,566,288.41 |
| US Bonds | 33.40% | $407,489,352.38 |
| Total Allocation | $1,220,028,001.14 |
Numbers may not total due to rounding; all numbers are percentages.
Holdings (09/30/2019)
| Security Name | % of Fund | Prev Qtr Change | Value | Sector | Industry | Country | Coupon Rate (%) | Quality | Maturity Date | Duration (Yrs) |
|---|---|---|---|---|---|---|---|---|---|---|
| Federal National Mortgage Assn. | 2.37% | -0.00% | $28,308,740.16 | Securitized | Agency Fixed Rate | United States | 3.00% | NR | 01/01/2027 | 2.17 |
| Mexican Bonos | 2.02% | -1.35% | $24,187,616.41 | Treasuries | Treasuries | Mexico | 6.50% | A3 | 06/09/2022 | 2.38 |
| U.S. Treasury Notes | 1.89% | 0.20% | $22,548,990.27 | Treasuries | Treasuries | United States | 2.25% | Aaa | 03/31/2026 | 6.04 |
| Korea Treasury Bond | 1.73% | 0.18% | $20,687,277.00 | Treasuries | Treasuries | South Korea | 1.88% | Aa3 | 03/10/2024 | 4.26 |
| Brazil Notas do Tesouro Nacional Serie F | 1.48% | -0.28% | $17,645,314.55 | Treasuries | Treasuries | Brazil | 10.00% | Ba2 | 01/01/2023 | 2.75 |
| Israel Government Bond - Fixed | 1.44% | -0.03% | $17,207,450.35 | Treasuries | Treasuries | Israel | 5.50% | NR | 01/31/2042 | 15.01 |
| Mexican Bonos | 1.42% | -1.35% | $16,951,690.82 | Treasuries | Treasuries | Mexico | 8.00% | A3 | 12/07/2023 | 3.45 |
| Japan Government Five Year Bond | 1.41% | -0.13% | $16,827,858.94 | Treasuries | Treasuries | Japan | 0.10% | A1 | 03/20/2022 | 2.47 |
| Malaysia Government Bond | 1.38% | N/A | $16,454,968.83 | Treasuries | Treasuries | Malaysia | 3.80% | A3 | 08/17/2023 | 3.57 |
| Republic of South Africa Government Bond | 1.29% | -0.11% | $15,427,705.72 | Treasuries | Treasuries | South Africa | 10.50% | Baa3 | 12/21/2026 | 5.10 |
| Bonos de la Tesoreria de la Republica en pesos | 1.25% | -0.12% | $14,925,632.74 | Treasuries | Treasuries | Chile | 4.00% | NR | 03/01/2023 | 3.19 |
| India Government Bond | 1.18% | -0.02% | $14,096,848.18 | Treasuries | Treasuries | India | 9.15% | NR | 11/14/2024 | 3.99 |
| Cyprus Government International Bond | 1.04% | -0.01% | $12,384,340.67 | Treasuries | Treasuries | Cyprus | 2.38% | Ba2 | 09/25/2028 | 8.28 |
| Federal National Mortgage Assn. | 1.02% | -0.00% | $12,164,613.88 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 09/01/2048 | 1.60 |
| China development Bank | 0.96% | -0.02% | $11,457,866.71 | Government Related | Owned No Guarantee | China | 3.68% | NR | 02/26/2026 | 5.63 |
| Bonos de la Tesoreria de la Republica en pesos | 0.93% | -0.12% | $11,157,013.00 | Treasuries | Treasuries | Chile | 4.70% | NR | 09/01/2030 | 8.74 |
| Japan Government Twenty Year Bond | 0.93% | -0.02% | $11,081,717.51 | Treasuries | Treasuries | Japan | 0.60% | A1 | 06/20/2037 | 17.19 |
| European Investment Bank | 0.92% | 0.10% | $10,975,411.29 | Government Related | Supranational | SNAT (Supe Natl Wrld Global) | 1.25% | Aaa | 05/12/2025 | 5.44 |
| Canadian Government Bond | 0.89% | -0.09% | $10,581,623.75 | Treasuries | Treasuries | Canada | 1.50% | Aaa | 06/01/2023 | 3.53 |
| Italy Buoni Poliennali del Tesoro | 0.85% | -0.10% | $10,166,705.22 | Treasuries | Treasuries | Italy | 2.80% | Baa3 | 03/01/2067 | 28.17 |
| Romania Government Bond | 0.85% | -0.59% | $10,151,285.46 | Treasuries | Treasuries | Romania | 4.25% | NR | 06/28/2023 | 3.44 |
| Italy Buoni Poliennali del Tesoro | 0.85% | -0.10% | $10,106,755.33 | Treasuries | Treasuries | Italy | 2.15% | Baa3 | 12/15/2021 | 2.16 |
| European Bank for Reconstruction & development | 0.73% | -0.11% | $8,662,505.08 | Government Related | Supranational | SNAT (Supe Natl Wrld Global) | 6.25% | NR | 07/25/2022 | 2.56 |
| Israel Government Bond - Fixed | 0.70% | -0.03% | $8,354,155.75 | Treasuries | Treasuries | Israel | 1.75% | NR | 08/31/2025 | 5.66 |
| Serbia Treasury Bonds | 0.69% | -0.05% | $8,290,990.71 | Treasuries | Treasuries | Serbia | 5.75% | NR | 07/21/2023 | 3.43 |
| El Salvador Government International Bond | 0.64% | -0.05% | $7,670,395.84 | Government Related | Sovereign | El Salvador | 7.38% | B3 | 12/01/2019 | 0.16 |
| Indonesia Treasury Bond | 0.61% | -0.03% | $7,290,067.35 | Treasuries | Treasuries | Indonesia | 8.13% | NR | 05/15/2024 | 3.75 |
| China Government Bond | 0.60% | -0.02% | $7,113,144.01 | Treasuries | Treasuries | China | 3.25% | NR | 06/06/2026 | 6.00 |
| Republic of South Africa Government Bond | 0.57% | -0.11% | $6,787,859.84 | Treasuries | Treasuries | South Africa | 7.75% | Baa3 | 02/28/2023 | 2.95 |
| Eskom Holdings SOC | 0.57% | -0.02% | $6,783,106.09 | Government Related | Owned No Guarantee | South Africa | 5.75% | B3 | 01/26/2021 | 1.25 |
| French Republic Government Bond OAT | 0.54% | 0.00% | $6,506,959.36 | Treasuries | Treasuries | France | 0.00% | NR | 03/25/2024 | 4.50 |
| Thailand Government Bond | 0.53% | 0.01% | $6,302,414.65 | Treasuries | Treasuries | Thailand | 2.13% | Baa1 | 12/17/2026 | 6.65 |
| Thailand Government Bond | 0.52% | 0.01% | $6,158,914.32 | Treasuries | Treasuries | Thailand | 4.88% | Baa1 | 06/22/2029 | 7.99 |
| Micron Technology | 0.51% | N/A | $6,059,763.70 | Corporates | Technology | United States | 4.66% | Baa3 | 02/15/2030 | 8.07 |
| Serbia Treasury Bonds | 0.49% | -0.05% | $5,854,070.49 | Treasuries | Treasuries | Serbia | 10.00% | NR | 02/05/2022 | 2.07 |
| Romania Government Bond | 0.46% | -0.59% | $5,548,051.53 | Treasuries | Treasuries | Romania | 5.80% | NR | 07/26/2027 | 6.40 |
| Government National Mortgage Assn. | 0.46% | -0.00% | $5,520,345.08 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 02/20/2048 | 3.93 |
| French Republic Government Bond OAT | 0.45% | 0.00% | $5,325,931.27 | Treasuries | Treasuries | France | 2.00% | Aa2 | 05/25/2048 | 23.60 |
| Bermuda Government International Bond | 0.44% | -0.03% | $5,271,841.93 | Government Related | Sovereign | Bermuda | 4.75% | A2 | 02/15/2029 | 7.53 |
| Fidelity National Information Services | 0.43% | -0.04% | $5,088,482.90 | Corporates | Technology | United States | 2.60% | Baa2 | 05/21/2025 | 5.08 |
| Bundesobligation | 0.42% | -0.06% | $5,070,623.56 | Treasuries | Treasuries | Germany | 0.00% | Aaa | 10/13/2023 | 4.05 |
| Level 3 Parent | 0.42% | -0.03% | $5,007,300.00 | Corporates | Communications | United States | 4.29% | Ba1 | 02/22/2024 | 0.21 |
| Charter Communications Operating | 0.42% | -0.04% | $5,002,044.30 | Corporates | Communications | United States | 4.05% | Ba1 | 04/30/2025 | 0.24 |
| Marriott Ownership Resorts | 0.42% | -0.04% | $4,983,130.86 | Corporates | Consumer Cyclical | United States | 4.69% | Baa3 | 08/29/2025 | 0.19 |
| Summit Materials | 0.42% | -0.04% | $4,979,359.74 | Corporates | Capital Goods | United States | 4.04% | Ba2 | 11/21/2024 | 0.12 |
| Kfc Holding | 0.42% | -0.04% | $4,978,876.52 | Corporates | Consumer Cyclical | United States | 3.79% | Ba1 | 04/03/2025 | 0.01 |
| Woodside Finance | 0.41% | -0.03% | $4,878,446.24 | Corporates | Energy | Australia | 4.50% | Baa1 | 03/04/2029 | 7.62 |
| Malaysia Government Bond | 0.40% | N/A | $4,795,464.58 | Treasuries | Treasuries | Malaysia | 4.74% | A3 | 03/15/2046 | 15.74 |
| Seven Generations Energy | 0.39% | -0.00% | $4,701,199.05 | Corporates | Energy | Canada | 5.38% | Ba3 | 09/30/2025 | 3.91 |
| CIT Bank NA | 0.39% | N/A | $4,697,392.68 | Corporates | Banking | United States | 2.97% | Ba1 | 09/27/2025 | 4.60 |
| Microchip Technology | 0.39% | -0.03% | $4,673,369.41 | Corporates | Technology | United States | 4.05% | Baa3 | 05/29/2025 | 0.13 |
| Ado Properties | 0.38% | -0.05% | $4,596,785.50 | Corporates | Financial Other | Germany | 1.50% | Baa3 | 07/26/2024 | 4.53 |
| Becton Dickinson Euro Finance Sarl | 0.38% | -0.05% | $4,582,651.49 | Corporates | Consumer Non Cyclical | United States | 1.21% | Ba1 | 06/04/2026 | 6.28 |
| Bunge Finance Europe BV | 0.38% | -0.05% | $4,527,407.66 | Corporates | Consumer Non Cyclical | United States | 1.85% | Baa3 | 06/16/2023 | 3.39 |
| Altria | 0.37% | -0.05% | $4,404,196.29 | Corporates | Consumer Non Cyclical | United States | 1.00% | A3 | 02/15/2023 | 3.25 |
| China development Bank | 0.36% | -0.02% | $4,351,317.21 | Government Related | Owned No Guarantee | China | 4.24% | NR | 08/24/2027 | 6.78 |
| Avantor | 0.36% | -0.03% | $4,325,587.50 | Corporates | Consumer Non Cyclical | United States | 9.00% | B3 | 10/01/2025 | 0.99 |
| 1MDB Global Investments | 0.36% | -0.03% | $4,322,914.61 | Government Related | Owned No Guarantee | Malaysia | 4.40% | NR | 03/09/2023 | 3.12 |
| China Government Bond | 0.36% | -0.02% | $4,307,015.75 | Treasuries | Treasuries | China | 3.13% | NR | 04/13/2022 | 2.41 |
| Bristol-Myers Squibb | 0.36% | -0.03% | $4,288,044.04 | Corporates | Consumer Non Cyclical | United States | 3.20% | A2 | 06/15/2026 | 5.88 |
| Freddie Mac Structured Agency Credit Risk debt Notes | 0.35% | -0.00% | $4,163,776.96 | Securitized | CMO | United States | 3.12% | NR | 09/25/2030 | 0.11 |
| Freddie Mac Structured Agency Credit Risk debt Notes | 0.35% | -0.00% | $4,159,571.46 | Securitized | CMO | United States | 3.07% | NR | 07/25/2030 | 0.15 |
| India Government Bond | 0.35% | -0.02% | $4,156,880.06 | Treasuries | Treasuries | India | 8.24% | Baa2 | 02/15/2027 | 5.50 |
| United Kingdom Gilt | 0.35% | 0.04% | $4,122,633.99 | Treasuries | Treasuries | United Kingdom | 1.63% | Aa2 | 10/22/2071 | 37.27 |
| Egypt Government Bond | 0.33% | -0.01% | $3,922,983.01 | Treasuries | Treasuries | Egypt | 17.15% | NR | 07/05/2026 | 3.99 |
| Ge Capital European Funding Unlimited | 0.33% | -0.05% | $3,916,622.76 | Corporates | Finance Companies | United States | 2.63% | Baa1 | 03/15/2023 | 3.29 |
| Morgan Stanley | 0.32% | -0.02% | $3,818,638.12 | Corporates | Banking | United States | 4.10% | Baa2 | 05/22/2023 | 3.33 |
| Landsbankinn HF | 0.32% | N/A | $3,793,161.11 | Government Related | Owned No Guarantee | Iceland | 1.00% | NR | 05/30/2023 | 3.59 |
| Cigna | 0.31% | N/A | $3,759,065.77 | Corporates | Consumer Non Cyclical | United States | 4.13% | Baa2 | 11/15/2025 | 5.26 |
| BlueMountain CLO 2012-2 | 0.31% | -0.03% | $3,744,895.87 | Securitized | ABS Other | United States | 3.19% | Aaa | 11/20/2028 | 0.15 |
| Islandsbanki HF | 0.31% | N/A | $3,730,641.41 | Government Related | Owned No Guarantee | Iceland | 1.13% | NR | 04/12/2022 | 2.49 |
| Petroleos Mexicanos | 0.30% | N/A | $3,616,397.85 | Government Related | Owned No Guarantee | Mexico | 6.50% | Baa3 | 03/13/2027 | 5.87 |
| SBA Tower Trust | 0.30% | N/A | $3,594,854.45 | Corporates | Communications | United States | 2.84% | A2 | 01/15/2025 | 4.84 |
| U.S. Treasury Inflation Indexed Bonds | 0.30% | -0.01% | $3,585,828.37 | Treasuries | Treasuries | United States | 0.75% | Aaa | 02/15/2045 | 15.49 |
| Cyprus Government International Bond | 0.29% | -0.01% | $3,499,698.27 | Treasuries | Treasuries | Cyprus | 3.88% | Ba2 | 05/06/2022 | 2.49 |
| Danske Bank | 0.29% | -0.33% | $3,456,374.42 | Corporates | Banking | Denmark | 5.38% | Baa2 | 01/12/2024 | 3.80 |
| CVS Health | 0.29% | N/A | $3,431,240.57 | Corporates | Consumer Non Cyclical | United States | 3.70% | Baa2 | 03/09/2023 | 3.16 |
| Micron Technology | 0.29% | N/A | $3,422,594.78 | Corporates | Technology | United States | 4.64% | Baa3 | 02/06/2024 | 3.86 |
| Vistra Operations | 0.29% | -0.02% | $3,413,942.02 | Corporates | Electric | United States | 4.04% | Ba1 | 08/04/2023 | -0.01 |
| Ford Motor Credit | 0.28% | -0.02% | $3,392,497.45 | Corporates | Consumer Cyclical | United States | 3.34% | Ba1 | 03/18/2021 | 1.41 |
| FirstRand Bank | 0.28% | -0.02% | $3,379,337.82 | Corporates | Banking | South Africa | 6.25% | Ba2 | 04/23/2028 | 3.11 |
| Cabot Financial Luxembourg | 0.28% | -0.03% | $3,350,179.15 | Corporates | Financial Other | United Kingdom | 7.50% | B1 | 10/01/2023 | 0.94 |
| MTN Mauritius Investments | 0.28% | -0.02% | $3,333,287.03 | Corporates | Communications | South Africa | 4.76% | Ba1 | 11/11/2024 | 4.42 |
| Federal National Mortgage Assn. | 0.28% | -0.00% | $3,313,406.35 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 05/01/2047 | 3.06 |
| Globo Comunicacao E Participacoes | 0.28% | -0.00% | $3,292,450.56 | Corporates | Communications | Brazil | 5.13% | NR | 03/31/2027 | 6.10 |
| Turk Telekomunikasyon | 0.28% | -0.02% | $3,289,167.89 | Corporates | Communications | Turkey | 6.88% | NR | 02/28/2025 | 4.48 |
| Federal National Mortgage Assn. | 0.27% | -0.00% | $3,280,133.15 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 02/01/2047 | 3.06 |
| Banco Comercial Portugues | 0.27% | -0.03% | $3,272,276.19 | Corporates | Banking | Portugal | 4.50% | Ba3 | 12/07/2027 | 2.89 |
| Government National Mortgage Assn. | 0.27% | -0.00% | $3,270,805.14 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 05/20/2047 | 1.59 |
| Arion Banki HF | 0.27% | N/A | $3,249,817.07 | Corporates | Banking | Iceland | 1.00% | NR | 03/20/2023 | 3.39 |
| Sasol Financing USA | 0.27% | -0.03% | $3,191,084.90 | Corporates | Basic Industry | South Africa | 5.88% | Baa3 | 03/27/2024 | 3.90 |
| Comcast | 0.26% | -0.02% | $3,149,208.20 | Corporates | Communications | United States | 3.38% | A3 | 08/15/2025 | 5.16 |
| Israel Chemicals | 0.26% | 0.00% | $3,116,202.44 | Corporates | Basic Industry | Israel | 6.38% | NR | 05/31/2038 | 11.44 |
| Suzano Austria GmbH | 0.26% | N/A | $3,113,645.13 | Corporates | Basic Industry | Brazil | 6.00% | NR | 01/15/2029 | 7.02 |
| Aib | 0.26% | -0.02% | $3,088,284.63 | Corporates | Banking | Ireland | 4.26% | Baa3 | 04/10/2025 | 4.02 |
| Connecticut Avenue Securities Trust 2018-R07 | 0.26% | N/A | $3,051,588.89 | Securitized | CMO | United States | 4.42% | NR | 04/25/2031 | -0.12 |
| Cyprus Government International Bond | 0.25% | -0.01% | $3,006,601.87 | Treasuries | Treasuries | Cyprus | 4.25% | Ba2 | 11/04/2025 | 5.40 |
| Shimao Property Holdings | 0.25% | -0.02% | $2,990,206.80 | Corporates | Consumer Cyclical | China | 6.13% | NR | 02/21/2024 | 2.60 |
| Ecopetrol | 0.25% | N/A | $2,985,939.67 | Government Related | Owned No Guarantee | Colombia | 4.13% | Baa3 | 01/16/2025 | 4.71 |
| Federal National Mortgage Assn. | 0.25% | -0.00% | $2,980,096.19 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 09/01/2048 | 1.82 |
| Diamondback Energy | 0.25% | N/A | $2,969,622.73 | Corporates | Energy | United States | 5.38% | Ba2 | 05/31/2025 | 1.59 |
| Tallgrass Energy Partners LP / Tallgrass Energy Finance | 0.25% | N/A | $2,969,612.97 | Corporates | Energy | United States | 5.50% | Ba3 | 01/15/2028 | 5.26 |
| Empresa Nacional De Telecomunicaciones | 0.25% | -0.02% | $2,969,533.67 | Corporates | Communications | Chile | 4.88% | Baa3 | 10/30/2024 | 3.62 |
| Avantor | 0.25% | -0.03% | $2,961,283.53 | Corporates | Consumer Non Cyclical | United States | 4.75% | Ba2 | 10/01/2024 | 1.06 |
| Sigma Alimentos SA de CV | 0.25% | N/A | $2,949,231.14 | Corporates | Consumer Non Cyclical | Mexico | 4.13% | Baa3 | 05/02/2026 | 5.54 |
| Hertz | 0.24% | N/A | $2,913,390.48 | Corporates | Transportation | United States | 7.13% | B3 | 08/01/2026 | 3.85 |
| Indonesia Treasury Bond | 0.24% | -0.03% | $2,906,568.33 | Treasuries | Treasuries | Indonesia | 9.00% | Baa2 | 03/15/2029 | 6.54 |
| Angel Oak Mortgage Trust I LLC 2019-2 | 0.24% | -0.02% | $2,898,362.84 | Securitized | CMO | United States | 4.07% | NR | 03/25/2049 | 3.62 |
| Citgo Holding | 0.24% | N/A | $2,889,954.15 | Government Related | Owned No Guarantee | United States | 9.25% | Caa1 | 08/01/2024 | 2.69 |
| Southwick Park CLO | 0.24% | N/A | $2,828,615.77 | Securitized | ABS Other | United States | 3.47% | Aaa | 07/20/2032 | 0.32 |
| Constellium | 0.24% | -0.02% | $2,824,252.64 | Corporates | Basic Industry | United States | 6.63% | B2 | 03/01/2025 | 0.70 |
| Minerva Luxembourg | 0.24% | -0.03% | $2,823,968.57 | Corporates | Consumer Non Cyclical | Brazil | 6.50% | NR | 09/20/2026 | 4.22 |
| Serbia International Bond | 0.24% | -0.02% | $2,808,367.26 | Government Related | Sovereign | Serbia | 1.50% | Ba3 | 06/26/2029 | 9.12 |
| Federal National Mortgage Assn. | 0.23% | -0.00% | $2,803,600.53 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 07/01/2047 | 3.83 |
| Targa Resources Partners LP / Targa Resources Partners Finance | 0.23% | -0.03% | $2,784,286.11 | Corporates | Energy | United States | 6.88% | Ba3 | 01/15/2029 | 4.67 |
| Croatia Government International Bond | 0.23% | 0.03% | $2,769,276.13 | Government Related | Sovereign | Croatia | 3.88% | Ba2 | 05/30/2022 | 2.55 |
| Netflix | 0.23% | -0.03% | $2,767,969.22 | Corporates | Communications | United States | 4.63% | Ba3 | 05/15/2029 | 7.77 |
| Verus Securitization Trust 2019-1 | 0.22% | -0.05% | $2,663,639.57 | Securitized | CMO | United States | 3.84% | NR | 02/25/2059 | 1.99 |
| Transcanada Trust | 0.22% | -0.02% | $2,656,974.60 | Corporates | Energy | Canada | 4.65% | Baa3 | 05/18/2077 | 6.02 |
| Starwood Mortgage Residential Trust 2019-1 | 0.22% | N/A | $2,637,428.68 | Securitized | CMO | United States | 3.30% | Aaa | 06/25/2049 | 1.43 |
| Housing development Finance | 0.22% | -0.02% | $2,632,804.58 | Corporates | Financial Other | India | 6.88% | NR | 04/30/2020 | 0.55 |
| Intelsat Jackson Holdings | 0.22% | N/A | $2,622,022.82 | Corporates | Communications | United States | 9.50% | B1 | 09/30/2022 | 2.65 |
| CSC Holdings | 0.22% | -0.02% | $2,594,592.87 | Corporates | Communications | United States | 6.50% | Ba3 | 02/01/2029 | 4.64 |
| Credit Suisse Mortgage Capital Certificates 2019-ICE4 | 0.21% | -0.02% | $2,565,837.36 | Securitized | NON AGENCY CMBS | United States | 4.18% | Ba3 | 05/15/2036 | 0.06 |
| ICTSI Treasury BV | 0.21% | -0.00% | $2,538,369.35 | Corporates | Transportation | Philippines | 5.88% | NR | 09/17/2025 | 5.05 |
| Emirates Airline | 0.21% | -0.04% | $2,516,161.94 | Corporates | Transportation | United Arab Emirates | 4.50% | NR | 02/06/2025 | 2.61 |
| Japan Government Thirty Year Bond | 0.21% | -0.02% | $2,505,202.13 | Treasuries | Treasuries | Japan | 0.60% | A1 | 12/20/2046 | 25.93 |
| LHC3 | 0.21% | -0.23% | $2,503,263.18 | Corporates | Brokerage Assetmanagers Exchanges | Spain | 4.13% | Ba2 | 08/15/2024 | 4.40 |
| New Residential Mortgage Loan Trust 2019-NQM2 | 0.21% | -0.04% | $2,501,275.68 | Securitized | CMO | United States | 3.70% | NR | 04/25/2049 | 3.22 |
| Kraton Polymers LLC / Kraton Polymers Capital | 0.21% | -0.02% | $2,499,410.39 | Corporates | Basic Industry | United States | 5.25% | B3 | 05/15/2026 | 2.33 |
| Axtel SAB de CV | 0.21% | -0.01% | $2,483,392.38 | Corporates | Communications | Mexico | 6.38% | Ba3 | 11/14/2024 | 2.85 |
| ABJA Investment Co Pte | 0.21% | -0.02% | $2,467,892.82 | Corporates | Basic Industry | India | 5.45% | NR | 01/24/2028 | 6.51 |
| SM Investments | 0.20% | -0.01% | $2,446,150.76 | Corporates | Industrial Other | Philippines | 4.88% | NR | 06/10/2024 | 4.12 |
| Federal National Mortgage Assn. | 0.20% | -0.00% | $2,427,133.33 | Securitized | Agency Fixed Rate | United States | 3.00% | NR | 02/01/2033 | 3.02 |
| Virgin Media Secured Finance | 0.20% | -0.02% | $2,425,045.09 | Corporates | Communications | United Kingdom | 4.88% | Ba3 | 01/15/2027 | 2.11 |
| India Government Bond | 0.20% | -0.02% | $2,421,515.52 | Treasuries | Treasuries | India | 8.12% | NR | 12/10/2020 | 1.10 |
| Verus Securitization Trust 2019-INV1 | 0.20% | -0.02% | $2,403,470.67 | Securitized | CMO | United States | 4.99% | NR | 12/25/2059 | 2.64 |
| Peru LNG Srl | 0.20% | -0.03% | $2,400,806.66 | Corporates | Energy | Peru | 5.38% | Baa3 | 03/22/2030 | 6.26 |
| Asurion | 0.20% | -0.02% | $2,396,580.00 | Corporates | Communications | United States | 8.54% | B3 | 08/04/2025 | 0.07 |
| Banco Santander | 0.20% | N/A | $2,393,348.72 | Corporates | Banking | Spain | 6.75% | Ba1 | 07/25/2168 | 2.32 |
| Madison Park Funding XXXIII | 0.20% | N/A | $2,385,000.00 | Securitized | ABS Other | United States | 3.43% | NR | 10/15/2032 | 0.25 |
| Barclays | 0.20% | N/A | $2,372,307.02 | Corporates | Banking | United Kingdom | 7.88% | Ba3 | 12/15/2167 | 2.19 |
| General Electric | 0.20% | -0.01% | $2,371,983.21 | Corporates | Capital Goods | United States | 3.45% | Baa1 | 05/15/2024 | 4.06 |
| Ford Motor Credit | 0.20% | -0.02% | $2,370,928.60 | Corporates | Consumer Cyclical | United States | 3.81% | Ba1 | 10/12/2021 | 1.91 |
| Perusahaan Gas Negara | 0.20% | -0.00% | $2,359,378.20 | Government Related | Owned No Guarantee | Indonesia | 5.13% | Baa2 | 05/16/2024 | 4.06 |
| UniCredit | 0.20% | N/A | $2,333,502.39 | Corporates | Banking | Italy | 9.25% | NR | 06/03/2168 | 2.35 |
| Japan Government Twenty Year Bond | 0.20% | -0.02% | $2,330,479.82 | Treasuries | Treasuries | Japan | 1.20% | A1 | 12/20/2034 | 14.25 |
| Credit Agricole SA/London | 0.19% | -0.01% | $2,322,162.65 | Corporates | Banking | France | 3.25% | Baa1 | 10/04/2024 | 4.53 |
| Zayo Group LLC / Zayo Capital | 0.19% | -0.01% | $2,304,565.63 | Corporates | Communications | United States | 5.75% | B3 | 01/15/2027 | 3.80 |
| Ford Credit Auto Owner Trust 2019-REV1 | 0.19% | -0.01% | $2,298,173.17 | Securitized | Car Loan | United States | 3.82% | Aa1 | 07/15/2030 | 4.25 |
| Santander Drive Auto Receivables Trust 2018-2 | 0.19% | -0.02% | $2,289,603.99 | Securitized | Car Loan | United States | 3.88% | A2 | 02/15/2024 | 1.48 |
| Homeward Opportunities Fund I Trust 2019-2 | 0.19% | N/A | $2,252,723.93 | Securitized | CMO | United States | 4.09% | NR | 09/25/2059 | 4.63 |
| Perusahaan Listrik Negara PT | 0.19% | -0.01% | $2,228,879.67 | Government Related | Owned No Guarantee | Indonesia | 5.45% | Baa2 | 05/21/2028 | 6.90 |
| COLT 2019-2 Mortgage Loan Trust | 0.19% | -0.04% | $2,227,425.90 | Securitized | CMO | United States | 3.54% | NR | 05/25/2049 | 2.03 |
| Federal National Mortgage Assn. | 0.19% | -0.00% | $2,222,254.84 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 08/01/2046 | 3.06 |
| Sigma Holdco BV | 0.19% | -0.17% | $2,220,544.97 | Corporates | Consumer Non Cyclical | Netherlands | 5.75% | B3 | 05/15/2026 | 3.80 |
| HDFC Bank | 0.18% | -0.02% | $2,194,541.52 | Corporates | Banking | India | 8.10% | Baa2 | 03/22/2025 | 4.31 |
| COLT 2019-1 Mortgage Loan Trust | 0.18% | -0.04% | $2,176,431.77 | Securitized | CMO | United States | 4.01% | NR | 03/25/2049 | 0.91 |
| Baidu | 0.18% | -0.01% | $2,172,331.33 | Corporates | Technology | China | 4.38% | A3 | 03/29/2028 | 7.02 |
| CBAM 2019-9 | 0.18% | -0.01% | $2,169,416.01 | Securitized | ABS Other | United States | 4.01% | Aaa | 02/12/2030 | 0.04 |
| U.S. Treasury Bonds | 0.18% | N/A | $2,156,067.60 | Treasuries | Treasuries | United States | 3.13% | Aaa | 11/15/2028 | 7.95 |
| QVC | 0.18% | -0.02% | $2,135,935.01 | Corporates | Consumer Cyclical | United States | 5.13% | Ba2 | 07/02/2022 | 2.53 |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 0.18% | -0.01% | $2,117,225.82 | Corporates | Finance Companies | Ireland | 4.45% | Baa3 | 04/03/2026 | 5.46 |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons | 0.18% | -0.01% | $2,115,058.03 | Corporates | Consumer Non Cyclical | United States | 7.50% | B3 | 03/15/2026 | 2.85 |
| Verus Securitization Trust 2018-3 | 0.18% | -0.02% | $2,110,806.01 | Securitized | CMO | United States | 4.60% | NR | 10/25/2058 | 2.24 |
| Altice France SA/France | 0.17% | N/A | $2,068,345.57 | Corporates | Communications | France | 5.88% | B2 | 02/01/2027 | 2.76 |
| Bausch Health Americas | 0.17% | -0.01% | $2,061,060.74 | Corporates | Consumer Non Cyclical | United States | 8.50% | B3 | 01/31/2027 | 3.06 |
| InTown Hotel Portfolio Trust 2018-STAY | 0.17% | 0.10% | $2,031,670.21 | Securitized | NON AGENCY CMBS | United States | 3.28% | NR | 01/15/2033 | 0.07 |
| Federal National Mortgage Assn. | 0.17% | -0.00% | $2,030,931.62 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 11/01/2048 | 2.39 |
| Las Vegas Sands | 0.17% | N/A | $2,012,512.32 | Corporates | Consumer Cyclical | United States | 3.20% | Baa3 | 08/08/2024 | 4.41 |
| Kronos Inc/MA | 0.16% | -0.02% | $1,966,675.00 | Corporates | Technology | United States | 10.50% | Caa2 | 11/01/2024 | 0.12 |
| Slovenia Government Bond | 0.16% | -0.01% | $1,955,481.08 | Treasuries | Treasuries | Slovenia | 1.50% | Baa1 | 03/25/2035 | 14.13 |
| Golub Capital Partners CLO 39B | 0.16% | -0.01% | $1,949,647.28 | Securitized | ABS Other | United States | 3.43% | Aaa | 10/20/2028 | 0.25 |
| Capital One Financial | 0.16% | -0.02% | $1,948,383.49 | Corporates | Banking | United States | 0.80% | Baa1 | 06/12/2024 | 4.61 |
| Angel Oak Mortgage Trust I LLC 2019-1 | 0.16% | -0.03% | $1,939,450.80 | Securitized | CMO | United States | 3.92% | NR | 11/25/2048 | 1.08 |
| Government National Mortgage Assn. | 0.16% | -0.00% | $1,932,318.32 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 10/20/2048 | 0.75 |
| Zayo Group LLC / Zayo Capital | 0.16% | -0.01% | $1,916,149.69 | Corporates | Communications | United States | 6.38% | B3 | 05/15/2025 | 1.68 |
| U.S. Treasury Bonds | 0.16% | N/A | $1,858,328.80 | Treasuries | Treasuries | United States | 2.25% | Aaa | 08/15/2049 | 22.24 |
| MDC Partners | 0.15% | N/A | $1,829,611.93 | Corporates | Communications | United States | 6.50% | B3 | 05/01/2024 | 3.53 |
| NGL Energy Partners LP / NGL Energy Finance | 0.15% | N/A | $1,821,458.33 | Corporates | Energy | United States | 7.50% | B2 | 04/15/2026 | 3.94 |
| Albania Government International Bond | 0.15% | -0.02% | $1,814,983.94 | Government Related | Sovereign | Albania | 3.50% | B1 | 10/09/2025 | 5.33 |
| Albania Government International Bond | 0.15% | -0.02% | $1,802,884.05 | Government Related | Sovereign | Albania | 3.50% | B1 | 10/09/2025 | 5.33 |
| Consolidated Energy Finance | 0.15% | -0.01% | $1,793,124.66 | Corporates | Basic Industry | Switzerland | 6.50% | B1 | 05/15/2026 | 4.19 |
| Energizer Gamma Acquisition BV | 0.15% | -0.02% | $1,780,847.27 | Corporates | Consumer Non Cyclical | United States | 4.63% | B2 | 07/15/2026 | 2.27 |
| Leaseplan | 0.15% | N/A | $1,776,475.70 | Corporates | Financial Other | Netherlands | 7.38% | Ba3 | 11/29/2167 | 3.85 |
| Summer BidCo BV | 0.15% | N/A | $1,773,459.49 | Corporates | Communications | Netherlands | 9.00% | NR | 11/15/2025 | 2.98 |
| Volkswagen Group of America Finance | 0.15% | N/A | $1,768,565.71 | Corporates | Consumer Cyclical | Germany | 2.70% | A3 | 09/26/2022 | 2.85 |
| Diamond Sports Group Llc / Diamond Sports Finance | 0.15% | N/A | $1,768,207.18 | Corporates | Communications | United States | 5.38% | Ba2 | 08/15/2026 | 3.96 |
| Santander Drive Auto Receivables Trust 2015-2 | 0.15% | -0.01% | $1,754,368.82 | Securitized | Car Loan | United States | 4.02% | Aaa | 09/15/2022 | 0.63 |
| First Abu Dhabi Bank PJSC | 0.15% | -0.01% | $1,746,333.36 | Government Related | Government Sponsored | United Arab Emirates | 5.25% | Baa3 | 12/17/2167 | 0.69 |
| Eskom Holdings SOC | 0.15% | -0.02% | $1,745,184.70 | Government Related | Owned No Guarantee | South Africa | 7.13% | B3 | 02/11/2025 | 4.38 |
| Virgin Media Receivables Financing Notes II DAC | 0.15% | -0.02% | $1,741,612.35 | Corporates | Communications | Ireland | 5.75% | B1 | 04/15/2023 | 0.84 |
| Victoria | 0.15% | N/A | $1,736,225.00 | Corporates | Capital Goods | United Kingdom | 5.25% | B1 | 07/15/2024 | 2.90 |
| Danske Bank | 0.15% | -0.33% | $1,732,528.03 | Corporates | Banking | Denmark | 2.00% | A2 | 09/08/2021 | 1.88 |
| Virgin Media Secured Finance | 0.14% | -0.02% | $1,731,960.44 | Corporates | Communications | United Kingdom | 5.13% | Ba3 | 01/15/2025 | 0.32 |
| Tesla Energy Operations Inc/DE | 0.14% | -0.01% | $1,731,137.83 | Corporates | Consumer Cyclical | United States | 1.63% | NR | 11/01/2019 | 0.09 |
| Altice Luxembourg | 0.14% | -0.00% | $1,726,378.13 | Corporates | Communications | Luxembourg | 7.63% | Caa1 | 02/15/2025 | 1.04 |
| Ge Capital International Funding Co Unlimited | 0.14% | -0.00% | $1,725,571.44 | Corporates | Finance Companies | United States | 4.42% | Baa1 | 11/15/2035 | 11.47 |
| Deephaven Residential Mortgage Trust 2018-3 | 0.14% | -0.01% | $1,718,560.59 | Securitized | CMO | United States | 4.36% | NR | 08/25/2058 | 2.49 |
| Enel Chile | 0.14% | -0.01% | $1,714,552.25 | Corporates | Electric | Chile | 4.88% | Baa2 | 06/12/2028 | 7.08 |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons | 0.14% | -0.01% | $1,713,995.60 | Corporates | Consumer Non Cyclical | United States | 5.75% | B3 | 03/15/2025 | 1.91 |
| C&W Senior Financing DAC | 0.14% | -0.01% | $1,703,133.80 | Corporates | Communications | Panama | 6.88% | B2 | 09/15/2027 | 4.14 |
| Fannie Mae Connecticut Avenue Securities | 0.14% | N/A | $1,699,964.13 | Securitized | CMO | United States | 4.57% | NR | 12/25/2030 | 0.08 |
| OZLM VIII | 0.14% | -0.01% | $1,683,149.34 | Securitized | ABS Other | United States | 4.10% | Aa2 | 10/17/2029 | 0.06 |
| Louvre Bidco SAS | 0.14% | N/A | $1,675,696.17 | Corporates | Financial Other | France | 4.25% | B2 | 09/30/2024 | 2.45 |
| Sri Lanka Government International Bond | 0.14% | -0.01% | $1,644,288.96 | Government Related | Sovereign | Sri Lanka | 6.25% | B2 | 07/27/2021 | 1.69 |
| Applebee S Funding Llc / Ihop Funding | 0.14% | -0.06% | $1,631,110.58 | Securitized | ABS Other | United States | 4.19% | NR | 06/07/2049 | 4.14 |
| United Airlines 2019-2 Class AA Pass Through Trust | 0.14% | N/A | $1,627,597.52 | Corporates | Transportation | United States | 2.70% | Aa3 | 05/01/2032 | 7.96 |
| COMM 2015-PC1 Mortgage Trust | 0.14% | -0.01% | $1,617,960.76 | Securitized | NON AGENCY CMBS | United States | 4.44% | NR | 07/10/2050 | 5.03 |
| Altice Financing | 0.14% | -0.01% | $1,613,845.11 | Corporates | Communications | Luxembourg | 7.50% | B2 | 05/15/2026 | 2.28 |
| B&G Foods | 0.13% | N/A | $1,594,100.00 | Corporates | Consumer Non Cyclical | United States | 5.25% | B2 | 04/01/2025 | 2.57 |
| Saudi Arabian Oil | 0.13% | -0.00% | $1,590,981.64 | Government Related | Owned No Guarantee | Saudi Arabia | 3.50% | A1 | 04/16/2029 | 8.00 |
| Government National Mortgage Assn. | 0.13% | -0.00% | $1,590,274.78 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 06/20/2049 | 1.06 |
| Synchrony Financial | 0.13% | N/A | $1,586,358.04 | Corporates | Banking | United States | 2.85% | NR | 07/25/2022 | 2.62 |
| C&W Senior Financing DAC | 0.13% | -0.01% | $1,583,593.83 | Corporates | Communications | Panama | 7.50% | B2 | 10/15/2026 | 2.87 |
| Export-Import Bank of India | 0.13% | -0.01% | $1,579,869.16 | Government Related | Owned No Guarantee | India | 3.88% | Baa2 | 10/02/2019 | 0.00 |
| Freddie Mac STACR Trust 2019-DNA3 | 0.13% | N/A | $1,576,345.10 | Securitized | CMO | United States | 4.07% | NR | 07/25/2049 | 0.01 |
| Petroleos Mexicanos | 0.13% | N/A | $1,570,600.42 | Government Related | Owned No Guarantee | Mexico | 2.50% | Baa3 | 08/21/2021 | 1.85 |
| Cyprus Government International Bond | 0.13% | -0.01% | $1,560,177.97 | Treasuries | Treasuries | Cyprus | 2.75% | Ba2 | 05/03/2049 | 21.94 |
| Eskom Holdings SOC | 0.13% | -0.02% | $1,559,878.10 | Government Related | Owned No Guarantee | South Africa | 6.75% | B3 | 08/06/2023 | 3.33 |
| Federal National Mortgage Assn. | 0.13% | -0.00% | $1,556,653.45 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 08/01/2047 | 2.67 |
| China development Bank | 0.13% | -0.02% | $1,554,074.41 | Government Related | Owned No Guarantee | China | 4.88% | NR | 02/09/2028 | 6.84 |
| New Residential Mortgage Loan Trust 2018-NQM1 | 0.13% | -0.03% | $1,536,490.61 | Securitized | CMO | United States | 4.09% | NR | 11/25/2048 | 1.03 |
| Barings CLO Ltd 2016-II | 0.13% | -0.01% | $1,530,470.91 | Securitized | ABS Other | United States | 3.36% | Aaa | 07/20/2028 | 0.07 |
| Country Garden Holdings | 0.13% | N/A | $1,524,565.30 | Corporates | Consumer Cyclical | China | 8.00% | NR | 01/27/2024 | 2.27 |
| Arqiva Broadcast Finance | 0.13% | -0.02% | $1,519,654.66 | Corporates | Communications | United Kingdom | 6.75% | B2 | 09/30/2023 | 1.08 |
| COMM 2014-CR14 Mortgage Trust | 0.13% | -0.01% | $1,517,723.84 | Securitized | NON AGENCY CMBS | United States | 4.64% | Aa3 | 02/10/2047 | 3.85 |
| Vietnam Government International Bond | 0.12% | -0.01% | $1,489,131.20 | Government Related | Sovereign | Vietnam | 6.75% | Ba3 | 01/29/2020 | 0.33 |
| WPX Energy | 0.12% | N/A | $1,473,798.53 | Corporates | Energy | United States | 5.25% | B1 | 10/15/2027 | 4.76 |
| Syngenta Finance | 0.12% | -0.01% | $1,469,639.57 | Government Related | Owned No Guarantee | Switzerland | 3.93% | Ba2 | 04/23/2021 | 1.48 |
| Starwood Mortgage Residential Trust 2019-IMC1 | 0.12% | -0.01% | $1,462,276.39 | Securitized | CMO | United States | 4.09% | NR | 02/25/2049 | 3.62 |
| India Government Bond | 0.12% | -0.02% | $1,458,635.91 | Treasuries | Treasuries | India | 8.40% | NR | 07/28/2024 | 3.92 |
| mo Fisher Scientific | 0.12% | N/A | $1,451,794.22 | Corporates | Consumer Non Cyclical | United States | 0.88% | Baa1 | 10/01/2031 | 11.43 |
| China Government Bond | 0.12% | -0.02% | $1,443,539.23 | Treasuries | Treasuries | China | 4.00% | NR | 06/24/2069 | 22.04 |
| China Government Bond | 0.12% | -0.02% | $1,440,767.85 | Treasuries | Treasuries | China | 3.60% | NR | 09/06/2025 | 5.39 |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 0.12% | -0.01% | $1,434,114.54 | Corporates | Finance Companies | Ireland | 4.88% | Baa3 | 01/16/2024 | 3.79 |
| New Residential Mortgage Loan Trust 2019-NQM1 | 0.12% | -0.03% | $1,425,964.93 | Securitized | CMO | United States | 3.93% | NR | 01/25/2049 | 2.43 |
| Federal National Mortgage Assn. | 0.12% | -0.00% | $1,409,434.55 | Securitized | Agency Fixed Rate | United States | 3.00% | NR | 12/01/2032 | 3.25 |
| DH Europe Finance II Sarl | 0.11% | N/A | $1,357,557.64 | Corporates | Consumer Non Cyclical | United States | 0.75% | Baa1 | 09/18/2031 | 11.47 |
| Great Wolf Trust 2017-WOLF | 0.11% | -0.01% | $1,326,549.83 | Securitized | NON AGENCY CMBS | United States | 3.35% | NR | 09/15/2034 | 0.03 |
| Americredit Automobile Receivables Trust 2018-1 | 0.11% | -0.01% | $1,314,687.74 | Securitized | Car Loan | United States | 3.82% | NR | 03/18/2024 | 2.71 |
| Banco De Bogota | 0.11% | -0.01% | $1,289,456.77 | Corporates | Banking | Colombia | 4.38% | Baa2 | 08/03/2027 | 6.61 |
| Yanlord Land HK | 0.11% | -0.01% | $1,278,253.42 | Corporates | Consumer Cyclical | China | 6.75% | Ba3 | 04/23/2023 | 2.43 |
| Cyprus Government International Bond | 0.11% | -0.01% | $1,262,462.25 | Treasuries | Treasuries | Cyprus | 2.75% | Ba2 | 02/26/2034 | 12.29 |
| Intelsat Jackson Holdings | 0.11% | N/A | $1,256,033.33 | Corporates | Communications | United States | 8.50% | Caa2 | 10/15/2024 | 3.23 |
| Federal National Mortgage Assn. | 0.10% | -0.00% | $1,240,386.87 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 12/01/2045 | 2.87 |
| Bahamas Government International Bond | 0.10% | -0.01% | $1,235,982.07 | Government Related | Sovereign | Bahamas | 6.00% | Baa3 | 11/21/2028 | 6.29 |
| Petroleos Mexicanos | 0.10% | N/A | $1,235,437.43 | Government Related | Owned No Guarantee | Mexico | 7.69% | Baa3 | 01/23/2050 | 11.97 |
| Panther BF Aggregator 2 LP / Panther Finance | 0.10% | -0.01% | $1,214,958.88 | Corporates | Consumer Cyclical | United States | 6.25% | Ba3 | 05/15/2026 | 3.46 |
| Deephave Residential Mortgage Trust 2019-2 | 0.10% | -0.02% | $1,213,812.86 | Securitized | CMO | United States | 3.92% | NR | 04/25/2059 | 3.70 |
| Freddie Mac Whole Loan Securities Trust | 0.10% | -0.02% | $1,209,790.10 | Securitized | CMO | United States | 3.59% | A3 | 12/25/2046 | 2.07 |
| Baidu | 0.10% | -0.01% | $1,203,640.04 | Corporates | Technology | China | 3.88% | A3 | 09/29/2023 | 3.63 |
| Towd Point Mortgage Trust 2019-1 | 0.10% | -0.01% | $1,197,469.69 | Securitized | CMO | United States | 3.75% | NR | 03/25/2058 | 4.14 |
| General Electric | 0.10% | -0.01% | $1,189,861.54 | Corporates | Capital Goods | United States | 5.00% | Baa3 | 06/15/2168 | 0.96 |
| Homeward Opportunities Fund I Trust 2019-1 | 0.10% | -0.01% | $1,187,163.15 | Securitized | CMO | United States | 3.61% | NR | 01/25/2059 | 2.40 |
| Argentine Republic Government International Bond | 0.10% | -0.24% | $1,185,217.02 | Government Related | Sovereign | Argentina | 7.50% | Caa2 | 04/22/2026 | 3.72 |
| Avolon Holdings Funding | 0.10% | -0.01% | $1,182,482.88 | Corporates | Finance Companies | Ireland | 4.38% | Baa3 | 05/01/2026 | 5.52 |
| Solera LLC / Solera Finance | 0.10% | N/A | $1,180,688.72 | Corporates | Technology | United States | 10.50% | Caa1 | 03/01/2024 | 1.06 |
| JPMBB Commercial Mortgage Securities Trust 2015-C28 | 0.10% | -0.01% | $1,168,729.51 | Securitized | NON AGENCY CMBS | United States | 3.99% | NR | 10/15/2048 | 4.90 |
| CSAIL 2016-C6 Commercial Mortgage Trust | 0.10% | -0.01% | $1,160,876.31 | Securitized | NON AGENCY CMBS | United States | 4.91% | NR | 01/15/2049 | 5.64 |
| Romania Government Bond | 0.09% | -0.59% | $1,125,908.16 | Treasuries | Treasuries | Romania | 5.00% | NR | 02/12/2029 | 7.40 |
| Saudi Arabian Oil | 0.09% | -0.00% | $1,114,954.98 | Government Related | Owned No Guarantee | Saudi Arabia | 4.38% | A1 | 04/16/2049 | 17.02 |
| Homeward Opportunities Fund I Trust 2019-1 | 0.09% | -0.01% | $1,095,661.29 | Securitized | CMO | United States | 3.95% | NR | 01/25/2059 | 4.53 |
| Cantor Commercial Real Estate Lending 2019-CF1 | 0.09% | -0.01% | $1,091,665.33 | Securitized | NON AGENCY CMBS | United States | 4.14% | NR | 05/15/2052 | 4.13 |
| eG Global Finance | 0.09% | -0.01% | $1,091,552.77 | Corporates | Consumer Cyclical | United Kingdom | 4.38% | B2 | 02/07/2025 | 3.95 |
| B&G Foods | 0.09% | N/A | $1,088,398.73 | Corporates | Consumer Non Cyclical | United States | 5.25% | B2 | 09/15/2027 | 4.44 |
| Government National Mortgage Assn. | 0.09% | -0.00% | $1,085,925.30 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 11/20/2047 | 2.54 |
| Towd Point Mortgage Trust 2017-1 | 0.09% | -0.01% | $1,080,032.03 | Securitized | CMO | United States | 3.75% | Aa2 | 10/25/2056 | 5.33 |
| Argentine Republic Government International Bond | 0.09% | -0.24% | $1,079,416.99 | Government Related | Sovereign | Argentina | 3.38% | Caa2 | 01/15/2023 | 2.46 |
| Banco De Bogota | 0.09% | -0.01% | $1,073,274.26 | Corporates | Banking | Colombia | 4.38% | Baa2 | 08/03/2027 | 6.61 |
| mo Fisher Scientific | 0.09% | N/A | $1,066,545.55 | Corporates | Consumer Non Cyclical | United States | 0.13% | Baa1 | 03/01/2025 | 5.36 |
| Benefit Street Partners CLO IV | 0.09% | -0.01% | $1,058,386.54 | Securitized | ABS Other | United States | 4.03% | NR | 01/20/2029 | 0.07 |
| Government National Mortgage Assn. | 0.09% | -0.00% | $1,056,508.93 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 06/20/2047 | 1.59 |
| Ardagh Packaging Finance PLC / Ardagh Holdings USA | 0.09% | -0.01% | $1,055,860.50 | Corporates | Capital Goods | Ireland | 6.75% | B3 | 05/15/2024 | 0.60 |
| BX Trust 2018-GW | 0.09% | -0.01% | $1,041,493.27 | Securitized | NON AGENCY CMBS | United States | 3.25% | NR | 05/15/2035 | 0.03 |
| Sequoia Mortgage Trust 2018-CH4 | 0.09% | -0.03% | $1,040,502.03 | Securitized | CMO | United States | 4.50% | Aa1 | 10/25/2048 | 2.80 |
| Avis Budget Rental Car Funding AESOP | 0.09% | -0.01% | $1,021,411.09 | Securitized | Car Loan | United States | 4.53% | Baa3 | 03/20/2023 | 2.13 |
| COMM 2015-CCRE25 Mortgage Trust | 0.08% | -0.01% | $1,006,986.38 | Securitized | NON AGENCY CMBS | United States | 4.54% | NR | 08/10/2048 | 5.14 |
| 280 Park Avenue 2017-280P Mortgage Trust | 0.08% | -0.01% | $996,382.97 | Securitized | NON AGENCY CMBS | United States | 3.12% | NR | 09/15/2034 | 0.03 |
| Altice France SA/France | 0.08% | N/A | $980,148.48 | Corporates | Communications | France | 3.38% | B2 | 01/15/2028 | 4.79 |
| DH Europe Finance II Sarl | 0.08% | N/A | $979,198.50 | Corporates | Consumer Non Cyclical | United States | 0.45% | Baa1 | 03/18/2028 | 8.24 |
| Sequoia Mortgage Trust 2018-CH3 | 0.08% | -0.02% | $977,071.08 | Securitized | CMO | United States | 4.50% | Aa1 | 08/25/2048 | 0.25 |
| Altice Luxembourg | 0.08% | -0.00% | $975,823.46 | Corporates | Communications | Luxembourg | 7.25% | Caa1 | 05/15/2022 | 0.04 |
| Hilton Orlando Trust 2018-ORL | 0.08% | -0.01% | $940,395.62 | Securitized | NON AGENCY CMBS | United States | 3.08% | NR | 12/15/2034 | 0.04 |
| Freddie Mac Structured Agency Credit Risk debt Notes | 0.08% | -0.00% | $922,240.20 | Securitized | CMO | United States | 4.16% | NR | 08/25/2048 | 4.99 |
| Federal National Mortgage Assn. | 0.08% | -0.00% | $907,351.21 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 01/01/2046 | 2.87 |
| Galton Funding Mortgage Trust 2017-1 | 0.07% | -0.01% | $879,434.85 | Securitized | CMO | United States | 3.50% | NR | 11/25/2057 | 3.17 |
| Romanian Government International Bond | 0.07% | -0.01% | $870,445.37 | Government Related | Sovereign | Romania | 2.88% | Baa3 | 03/11/2029 | 8.34 |
| NTPC | 0.07% | -0.00% | $851,309.38 | Government Related | Owned No Guarantee | India | 7.38% | NR | 08/10/2021 | 1.73 |
| Navient Private Education Loan Trust 2017 | 0.07% | -0.00% | $846,370.78 | Securitized | Student Loan | United States | 3.91% | NR | 12/16/2058 | 5.22 |
| Deephave Residential Mortgage Trust 2019-2 | 0.07% | -0.02% | $843,994.03 | Securitized | CMO | United States | 3.76% | NR | 04/25/2059 | 1.44 |
| SMART ABS Series 2016-2US Trust | 0.07% | -0.01% | $837,345.48 | Securitized | Car Loan | Australia | 2.05% | Aaa | 12/14/2022 | 1.20 |
| Bausch Health | 0.07% | -0.00% | $821,576.03 | Corporates | Consumer Non Cyclical | United States | 9.00% | B3 | 12/15/2025 | 2.32 |
| General Electric | 0.06% | -0.01% | $769,807.94 | Corporates | Capital Goods | United States | 0.88% | Baa1 | 05/17/2025 | 5.36 |
| Hill-Rom Holdings | 0.06% | N/A | $766,081.46 | Corporates | Consumer Non Cyclical | United States | 4.38% | Ba3 | 09/15/2027 | 4.47 |
| Towd Point Mortgage Trust 2017-6 | 0.06% | -0.01% | $746,111.71 | Securitized | CMO | United States | 2.75% | Aaa | 10/25/2057 | 2.33 |
| Seasoned Credit Risk Transfer Trust Series 2017-2 | 0.06% | -0.01% | $745,689.22 | Securitized | CMO | United States | 4.00% | B1 | 08/25/2056 | 2.60 |
| Towd Point Mortgage Trust 2017-4 | 0.06% | -0.01% | $742,392.21 | Securitized | CMO | United States | 2.75% | NR | 06/25/2057 | 2.50 |
| Mill City Mortgage Loan Trust 2018-1 | 0.06% | -0.01% | $731,287.47 | Securitized | CMO | United States | 3.25% | NR | 05/25/2062 | 2.94 |
| NTPC | 0.06% | -0.00% | $730,495.76 | Government Related | Owned No Guarantee | India | 7.25% | NR | 05/03/2022 | 2.31 |
| Export-Import Bank of India | 0.06% | -0.01% | $729,490.43 | Government Related | Owned No Guarantee | India | 8.38% | NR | 07/24/2025 | 4.65 |
| JPMCC Commercial Mortgage Securities Trust 2017-JP5 | 0.06% | -0.00% | $710,436.10 | Securitized | NON AGENCY CMBS | United States | 3.88% | Aa2 | 03/15/2050 | 6.43 |
| Government National Mortgage Assn. | 0.06% | -0.00% | $709,464.81 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 07/20/2042 | 3.66 |
| Madison Park Funding XXXVII | 0.06% | -0.00% | $706,807.59 | Securitized | ABS Other | United States | 3.60% | NR | 07/15/2032 | 0.31 |
| Federal National Mortgage Assn. | 0.06% | -0.00% | $697,852.86 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 01/01/2034 | 1.47 |
| Freddie Mac Structured Agency Credit Risk debt Notes | 0.06% | -0.00% | $672,182.29 | Securitized | CMO | United States | 3.98% | Ba3 | 09/25/2047 | 3.33 |
| Federal National Mortgage Assn. | 0.05% | -0.00% | $652,485.75 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 08/01/2047 | 2.12 |
| Federal National Mortgage Assn. | 0.05% | -0.00% | $644,299.41 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 08/01/2049 | 2.62 |
| CarMax Auto Owner Trust 2017-1 | 0.05% | -0.00% | $634,566.22 | Securitized | Car Loan | United States | 3.43% | Baa2 | 07/17/2023 | 2.31 |
| Federal National Mortgage Assn. | 0.05% | -0.00% | $633,200.12 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 09/01/2046 | 2.87 |
| ICTSI Treasury BV | 0.05% | -0.00% | $633,106.38 | Corporates | Transportation | Philippines | 4.63% | NR | 01/16/2023 | 3.02 |
| Government National Mortgage Assn. | 0.05% | -0.00% | $622,515.92 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 06/20/2043 | 3.83 |
| Citigroup Commercial Mortgage Trust 2015-P1 | 0.05% | -0.00% | $608,026.31 | Securitized | NON AGENCY CMBS | United States | 4.43% | NR | 09/15/2048 | 5.20 |
| Federal National Mortgage Assn. | 0.05% | -0.00% | $581,552.20 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 11/01/2045 | 2.87 |
| Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34 | 0.05% | -0.00% | $571,332.08 | Securitized | NON AGENCY CMBS | United States | 4.19% | NR | 11/15/2052 | 6.84 |
| Americredit Automobile Receivables Trust 2016-4 | 0.05% | -0.00% | $569,069.16 | Securitized | Car Loan | United States | 2.74% | NR | 12/08/2022 | 1.72 |
| CGGS Commercial Mortgage Trust 2018-WSS | 0.05% | -0.00% | $548,353.91 | Securitized | NON AGENCY CMBS | United States | 3.13% | Aa3 | 02/15/2037 | 0.03 |
| Government National Mortgage Assn. | 0.05% | -0.00% | $548,249.34 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 03/20/2046 | 2.41 |
| Federal National Mortgage Assn. | 0.05% | -0.00% | $542,134.88 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 05/01/2044 | 3.77 |
| Federal National Mortgage Assn. | 0.05% | -0.00% | $541,884.04 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 01/01/2046 | 2.87 |
| Occidental Petroleum | 0.04% | N/A | $529,889.06 | Corporates | Energy | United States | 4.40% | Baa3 | 08/15/2049 | 16.74 |
| Globo Comunicacao E Participacoes | 0.04% | -0.00% | $528,858.54 | Corporates | Communications | Brazil | 4.84% | Ba1 | 06/08/2025 | 4.76 |
| Federal National Mortgage Assn. | 0.04% | -0.00% | $508,454.48 | Securitized | Agency Fixed Rate | United States | 3.00% | NR | 09/01/2032 | 3.02 |
| Ashford Hospitality Trust 2018-ASHF | 0.04% | -0.00% | $499,354.02 | Securitized | NON AGENCY CMBS | United States | 3.43% | NR | 04/15/2035 | 0.03 |
| Dcp Midstream Operating | 0.04% | -0.00% | $494,148.82 | Corporates | Energy | United States | 5.85% | B1 | 05/21/2043 | 2.47 |
| Government National Mortgage Assn. | 0.04% | -0.00% | $477,798.22 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 08/20/2047 | 1.58 |
| Government National Mortgage Assn. | 0.04% | -0.00% | $428,470.57 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 04/20/2046 | 2.41 |
| Federal National Mortgage Assn. | 0.04% | -0.00% | $424,909.48 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 05/01/2035 | 3.77 |
| CVS Health | 0.03% | N/A | $402,935.01 | Corporates | Consumer Non Cyclical | United States | 3.00% | Baa2 | 08/15/2026 | 6.09 |
| Government National Mortgage Assn. | 0.03% | -0.00% | $395,297.02 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 09/20/2047 | 1.58 |
| Government National Mortgage Assn. | 0.03% | -0.00% | $393,799.88 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 01/01/2040 | 0.41 |
| Malaysia Government Bond | 0.03% | N/A | $388,448.91 | Treasuries | Treasuries | Malaysia | 4.92% | NR | 07/06/2048 | 16.51 |
| Freddie Mac Whole Loan Securities Trust 2017-SC02 | 0.03% | -0.01% | $377,388.04 | Securitized | CMO | United States | 3.85% | A3 | 05/25/2047 | 1.78 |
| Dcp Midstream Operating | 0.03% | -0.00% | $373,803.30 | Corporates | Energy | United States | 6.75% | Ba2 | 09/15/2037 | 10.58 |
| Government National Mortgage Assn. | 0.03% | -0.00% | $361,963.89 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 11/20/2040 | 3.34 |
| Occidental Petroleum | 0.03% | N/A | $354,434.67 | Corporates | Energy | United States | 3.20% | Baa3 | 08/15/2026 | 6.04 |
| Government National Mortgage Assn. | 0.03% | -0.00% | $341,202.48 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 05/20/2046 | 2.41 |
| Federal National Mortgage Assn. | 0.03% | -0.00% | $338,475.92 | Securitized | Agency Fixed Rate | United States | 3.00% | NR | 11/01/2033 | 3.51 |
| Government National Mortgage Assn. | 0.03% | -0.00% | $322,900.69 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 01/20/2048 | 1.86 |
| Government National Mortgage Assn. | 0.03% | -0.00% | $322,350.88 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 01/01/2036 | 0.46 |
| Federal National Mortgage Assn. | 0.03% | -0.00% | $321,914.42 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 07/01/2046 | 3.19 |
| Government National Mortgage Assn. | 0.03% | -0.00% | $321,630.47 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 01/01/2035 | 0.42 |
| Trivium Packaging Finance BV | 0.03% | N/A | $312,991.71 | Corporates | Capital Goods | Netherlands | 3.75% | B2 | 08/15/2026 | 3.56 |
| QEP Resources | 0.02% | N/A | $288,028.20 | Corporates | Energy | United States | 5.25% | Ba3 | 05/01/2023 | 3.08 |
| Seven Generations Energy | 0.02% | -0.00% | $287,873.81 | Corporates | Energy | Canada | 6.75% | Ba3 | 05/01/2023 | 1.21 |
| Government National Mortgage Assn. | 0.02% | -0.00% | $273,354.26 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 12/20/2045 | 2.43 |
| Federal National Mortgage Assn. | 0.02% | -0.00% | $242,810.17 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 12/01/2045 | 2.87 |
| Federal Home Loan Mortgage | 0.02% | -0.00% | $236,655.59 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 02/01/2041 | 2.19 |
| Hilton Grand Vacations Trust 2017 | 0.02% | -0.00% | $224,580.15 | Securitized | ABS Other | United States | 2.96% | NR | 12/26/2028 | 2.03 |
| Perusahaan Gas Negara | 0.02% | -0.00% | $222,059.12 | Government Related | Owned No Guarantee | Indonesia | 5.13% | Baa2 | 05/16/2024 | 4.06 |
| Bayview Opportunity Master Fund IVa Trust 2017-SPL5 | 0.02% | -0.00% | $199,821.46 | Securitized | CMO | United States | 3.50% | NR | 06/28/2057 | 2.19 |
| Government National Mortgage Assn. | 0.02% | -0.00% | $194,891.91 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 01/01/2040 | 0.45 |
| Federal National Mortgage Assn. | 0.01% | -0.00% | $172,436.95 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 07/01/2035 | 3.70 |
| Government National Mortgage Assn. | 0.01% | -0.00% | $160,304.92 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 06/20/2046 | 2.41 |
| MVW Owner Trust 2017-1 | 0.01% | -0.00% | $157,476.26 | Securitized | ABS Other | United States | 2.99% | NR | 12/20/2034 | 2.73 |
| Government National Mortgage Assn. | 0.01% | -0.00% | $141,927.13 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 03/20/2047 | 1.86 |
| MVW Owner Trust 2017-1 | 0.01% | -0.00% | $130,919.07 | Securitized | ABS Other | United States | 2.75% | NR | 12/20/2034 | 2.75 |
| Federal National Mortgage Assn. | 0.01% | -0.00% | $119,232.20 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 10/01/2034 | 3.56 |
| Federal National Mortgage Assn. | 0.01% | -0.00% | $117,652.98 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 01/01/2044 | 3.30 |
| Federal National Mortgage Assn. | 0.01% | -0.00% | $117,017.45 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 01/01/2046 | 3.45 |
| Towd Point Mortgage Trust 2015-3 | 0.01% | -0.00% | $114,740.99 | Securitized | CMO | United States | 3.00% | Aaa | 03/25/2054 | 1.21 |
| Federal National Mortgage Assn. | 0.01% | -0.00% | $112,245.46 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 03/01/2046 | 3.30 |
| Freddie Mac Structured Agency Credit Risk debt Notes | 0.01% | -0.00% | $108,093.65 | Securitized | CMO | United States | 4.92% | Aa3 | 07/25/2028 | -0.13 |
| Hilton Grand Vacations Trust 2014 | 0.01% | -0.00% | $104,524.00 | Securitized | ABS Other | United States | 1.77% | NR | 11/25/2026 | 0.69 |
| Federal National Mortgage Assn. | 0.01% | -0.00% | $96,939.89 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 05/01/2041 | 2.55 |
| Federal National Mortgage Assn. | 0.01% | -0.00% | $94,712.50 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 02/01/2040 | 2.50 |
| Federal National Mortgage Assn. | 0.01% | -0.00% | $93,925.56 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 04/01/2040 | 3.10 |
| Federal Home Loan Mortgage | 0.01% | -0.00% | $91,281.22 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 12/01/2040 | 3.35 |
| Altice Luxembourg | 0.01% | -0.00% | $87,647.59 | Corporates | Communications | Luxembourg | 7.75% | Caa1 | 05/15/2022 | 0.03 |
| Federal National Mortgage Assn. | 0.01% | -0.00% | $77,078.70 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 06/01/2038 | 3.69 |
| Federal National Mortgage Assn. | 0.01% | -0.00% | $76,394.62 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 02/01/2041 | 2.51 |
| Mill City Mortgage Loan Trust 2016-1 | 0.01% | -0.00% | $72,975.32 | Securitized | CMO | United States | 2.50% | Aaa | 04/25/2057 | 1.55 |
| Federal National Mortgage Assn. | 0.01% | -0.00% | $72,804.65 | Securitized | Agency Fixed Rate | United States | 6.00% | NR | 04/01/2035 | 3.70 |
| Government National Mortgage Assn. | 0.01% | -0.00% | $68,476.20 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 07/20/2046 | 2.41 |
| Government National Mortgage Assn. | 0.01% | -0.00% | $67,859.35 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 08/20/2047 | 2.54 |
| Petroleos De Venezuela | 0.01% | -0.00% | $67,375.00 | Government Related | Owned No Guarantee | Venezuela | 6.00% | NR | 05/16/2024 | 0.85 |
| Federal National Mortgage Assn. | 0.01% | -0.00% | $63,960.69 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 07/01/2035 | 3.70 |
| Government National Mortgage Assn. | 0.01% | -0.00% | $62,186.83 | Securitized | Agency Fixed Rate | United States | 3.50% | NR | 09/15/2041 | 3.51 |
| MVW Owner Trust 2014-1 | 0.00% | -0.00% | $56,591.35 | Securitized | ABS Other | United States | 2.25% | NR | 09/22/2031 | 1.38 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $56,344.49 | Securitized | Agency Fixed Rate | United States | 6.00% | NR | 10/01/2038 | 3.65 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $53,312.54 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 08/01/2040 | 2.55 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $51,404.23 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 11/01/2035 | 3.75 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $49,783.73 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 04/01/2036 | 3.77 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $49,152.90 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 01/01/2041 | 2.51 |
| COLT 2018-1 Mortgage Loan Trust | 0.00% | -0.00% | $47,305.60 | Securitized | CMO | United States | 3.08% | NR | 02/25/2048 | 1.48 |
| Venezuela Government International Bond | 0.00% | -0.00% | $45,000.00 | Government Related | Sovereign | Venezuela | 7.75% | C | 10/13/2020 | 0.15 |
| Petroleos De Venezuela | 0.00% | -0.00% | $44,625.00 | Government Related | Owned No Guarantee | Venezuela | 9.00% | NR | 11/17/2021 | 0.27 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $43,690.30 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 03/01/2041 | 2.65 |
| Government National Mortgage Assn. | 0.00% | -0.00% | $43,594.41 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 07/20/2047 | 1.58 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $40,189.54 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 12/01/2039 | 2.50 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $39,473.65 | Securitized | Agency Fixed Rate | United States | 6.00% | NR | 02/01/2037 | 3.65 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $38,946.62 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 08/01/2040 | 3.04 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $37,656.16 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 07/01/2037 | 3.56 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $36,641.50 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 09/01/2039 | 2.50 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $35,619.67 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 02/01/2042 | 2.65 |
| MVW Owner Trust 2013-1 | 0.00% | -0.00% | $35,114.47 | Securitized | ABS Other | United States | 2.15% | NR | 04/22/2030 | 1.03 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $34,289.72 | Securitized | Agency Fixed Rate | United States | 6.50% | NR | 08/01/2037 | 3.67 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $33,839.81 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 12/01/2041 | 2.48 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $32,074.91 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 05/01/2040 | 2.55 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $28,894.58 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 11/01/2036 | 3.70 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $28,063.24 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 02/01/2041 | 2.51 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $27,374.30 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 08/01/2039 | 2.50 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $27,037.67 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 06/01/2035 | 3.70 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $26,996.13 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 05/01/2042 | 2.66 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $26,841.96 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 02/01/2034 | 3.56 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $26,608.52 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 11/01/2035 | 3.77 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $24,856.31 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 03/01/2036 | 3.77 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $24,760.48 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 03/01/2034 | 3.56 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $23,590.33 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 02/01/2038 | 3.77 |
| Venezuela Government International Bond | 0.00% | -0.00% | $23,062.50 | Government Related | Sovereign | Venezuela | 6.00% | C | 12/09/2020 | 0.32 |
| T-Mobile USA Inc | 0.00% | 0.01% | $22,338.75 | Corporates | Communications | United States | N/A | N/A | N/A | N/A |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $21,270.19 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 11/01/2039 | 2.50 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $20,343.50 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 07/01/2039 | 2.50 |
| Government National Mortgage Assn. | 0.00% | -0.00% | $20,143.57 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 09/20/2040 | 3.34 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $19,662.24 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 06/01/2039 | 2.48 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $18,378.31 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 06/01/2040 | 2.89 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $18,183.59 | Securitized | Agency Fixed Rate | United States | 6.50% | NR | 09/01/2036 | 3.67 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $18,162.90 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 12/01/2041 | 2.51 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $17,804.35 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 12/01/2035 | 3.75 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $17,442.97 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 10/01/2040 | 2.45 |
| Mriya Farming | 0.00% | 0.01% | $17,036.90 | Corporates | Consumer Non Cyclical | United Kingdom | 0.00% | NR | 12/31/2025 | 0.87 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $16,916.91 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 09/01/2042 | 2.39 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $16,778.05 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 05/01/2042 | 3.68 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $15,637.21 | Securitized | Agency Fixed Rate | United States | 6.00% | NR | 03/01/2037 | 3.65 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $15,072.73 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 07/01/2033 | 3.56 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $14,000.59 | Securitized | Agency Fixed Rate | United States | 6.00% | NR | 08/01/2037 | 3.65 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $13,834.83 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 08/01/2040 | 2.56 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $13,181.99 | Securitized | Agency Fixed Rate | United States | 6.00% | NR | 02/01/2039 | 3.68 |
| Government National Mortgage Association | 0.00% | -0.00% | $12,356.75 | Securitized | CMO | United States | 4.00% | NR | 02/20/2043 | -13.68 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $11,881.55 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 08/01/2040 | 3.04 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $11,713.20 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 10/01/2040 | 2.45 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $11,481.59 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 12/01/2039 | 2.79 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $10,988.64 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 11/01/2040 | 2.45 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $10,802.08 | Securitized | Agency Fixed Rate | United States | 6.00% | NR | 05/01/2038 | 3.68 |
| Altice Finco | 0.00% | -0.00% | $10,497.21 | Corporates | Communications | Luxembourg | 8.13% | Caa1 | 01/15/2024 | 0.26 |
| Sierra Timeshare 2015-1 Receivables Funding | 0.00% | -0.00% | $10,393.42 | Securitized | ABS Other | United States | 2.40% | NR | 03/22/2032 | 0.82 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $9,483.63 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 01/01/2042 | 2.50 |
| Government National Mortgage Assn. | 0.00% | -0.00% | $9,481.51 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 03/20/2041 | 3.75 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $8,681.56 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 10/01/2038 | 3.83 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $8,123.06 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 10/01/2039 | 2.48 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $8,071.81 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 06/01/2041 | 3.10 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $8,018.27 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 02/01/2042 | 3.36 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $7,072.81 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 02/01/2038 | 3.77 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $6,560.10 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 07/01/2040 | 3.04 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $6,031.87 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 01/01/2041 | 2.45 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $3,815.11 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 04/01/2035 | 3.77 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $3,666.69 | Securitized | Agency Fixed Rate | United States | 4.00% | NR | 12/01/2040 | 2.45 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $3,631.31 | Securitized | Agency Fixed Rate | United States | 4.50% | NR | 08/01/2040 | 2.56 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $3,056.04 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 01/01/2039 | 3.69 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $2,133.01 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 08/01/2037 | 3.77 |
| Government National Mortgage Association | 0.00% | -0.00% | $1,711.31 | Securitized | CMO | United States | 4.50% | NR | 12/20/2039 | -15.94 |
| Mriya Farming | 0.00% | 0.01% | $1,390.63 | Corporates | Industrial Other | United Kingdom | N/A | N/A | N/A | N/A |
| Petroleos De Venezuela | 0.00% | -0.00% | $1,312.50 | Government Related | Owned No Guarantee | Venezuela | 12.75% | NR | 02/17/2022 | 0.43 |
| Federal Home Loan Mortgage | 0.00% | -0.00% | $1,072.59 | Securitized | Agency Fixed Rate | United States | 5.00% | NR | 04/01/2040 | 3.04 |
| Federal National Mortgage Assn. | 0.00% | -0.00% | $1,059.25 | Securitized | Agency Fixed Rate | United States | 5.50% | NR | 08/01/2037 | 3.77 |
| Government National Mortgage Association | 0.00% | -0.00% | $133.37 | Securitized | CMO | United States | 4.50% | NR | 11/20/2039 | -12.48 |
| Mriya Farming | 0.00% | 0.01% | $9.50 | Corporates | Industrial Other | United Kingdom | N/A | N/A | N/A | N/A |
Numbers may not total due to rounding; all numbers are percentages.
Please note that holdings are released 15 days after the period end. From time to time, certain securities held may not be listed. This is done to prevent potential harm to the portfolio while the manager completes a buying or selling program in those securities.
The information shown does not reflect any ETFs that may be held in the portfolio.
Credit Quality (10/31/2019)
| Quality Rating | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| US Government Agency Securities | 8.16% | 11.32% | |
| US Treasury | 1.55% | 16.37% | |
| AAA | 4.63% | 11.35% | |
| AA | 2.09% | 14.46% | |
| A | 15.52% | 24.66% | |
| BBB | 23.96% | 16.55% | |
| BB | 16.87% | 0.51% | |
| B | 10.89% | 0.00% | |
| CCC | 0.97% | 0.00% | |
| C | 0.00% | 0.00% | |
| Not Rated | 14.32% | 4.79% | |
| Reserves | 1.03% | 0.00% | |
| D | 0.01% | 0.00% |
Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index
Sources: Moody's Investors Service; if Moody's does not rate a security, then Standard & Poor's (S&P) is used as a secondary source. When available, T. Rowe Price will use Fitch for securities that are not rated by Moodys or S&P. T. Rowe Price does not evaluate these ratings, but simply assigns them to the appropriate credit quality category as determined by the rating agency.
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
U.S. government agency securities are issued or guaranteed by a U.S. government agency and may include conventional pass-through securities and collateralized mortgage obligations. Unlike Treasuries, government agency securities are not issued directly by the U.S. government and are generally unrated but may have credit support from the U.S. Treasury (e.g., FHLMC and FNMA issues) or a direct government guarantee (e.g., GNMA issues). Therefore, this category may include rated and unrated securities.
U.S. Treasury securities are issued by the U.S. Treasury and are backed by the full faith and credit of the U.S. government. The ratings of U.S. Treasury securities are derived from the ratings on the U.S. government.
Bond Maturity (10/31/2019)
| Bond Maturity | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| 3-5 Years | 27.88% | 22.78% | |
| 5-7 Years | 26.82% | 15.95% | |
| 1-3 Years | 14.85% | 22.84% | |
| 0-1 Years | 12.72% | 0.00% | |
| 10+ Years | 9.20% | 25.23% | |
| 7-10 Years | 8.53% | 13.19% |
Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index
Numbers may not total due to rounding; all numbers are percentages.
Duration Analysis (10/31/2019)
| Duration | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| 3-5 Years | 32.07% | 22.38% | |
| 1-3 Years | 23.24% | 28.80% | |
| 5-7 Years | 20.07% | 13.00% | |
| Over 10 Years | 12.94% | 22.83% | |
| Under 1 Year | 11.80% | 0.63% | |
| 7-10 Years | -0.13% | 12.36% |
Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index
Duration is a measure of a bond fund's sensitivity to interest rate changes. Numbers may not total 100% due to rounding.
Sector Diversification (10/31/2019)
| Sector | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Global High Yield | 14.30% | 0.00% | |
| Emerging Market Corporates | 11.81% | 0.72% | |
| Securitized | 10.85% | 3.55% | |
| Cash & Equivalents | 1.03% | 0.00% | |
| U.S. Mortgage | 7.92% | 10.98% | |
| Global Investment Grade | 10.29% | 18.26% | |
| Global Sovereign | 43.80% | 66.49% |
Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index
Numbers may not total due to rounding; all numbers are percentages.
Source: T. Rowe Price
Currency Diversification (10/31/2019)
| Currency | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| U.S. dollar | 85.61% | 45.13% | |
| Mexican peso | 1.02% | 0.29% | |
| New Zealand dollar | 0.00% | 0.11% | |
| Australian dollar | -0.00% | 1.21% | |
| Canadian dollar | -0.06% | 2.59% | |
| Dollar Bloc | 86.57% | 49.33% |
Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index
| Currency | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Polish zloty | 0.01% | 0.21% | |
| Danish krone | 0.00% | 0.24% | |
| Hungarian forint | 0.00% | 0.08% | |
| Norwegian krone | 0.00% | 0.10% | |
| Swiss franc | 0.00% | 0.54% | |
| Swedish krona | -0.00% | 0.41% | |
| British pound sterling | -0.00% | 4.70% | |
| Czech koruna | -0.02% | 0.09% | |
| euro | -0.25% | 23.80% | |
| European Bloc | -0.27% | 30.16% |
Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index
| Currency | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Japanese yen | 4.02% | 15.70% | |
| Malaysian ringgit | 0.60% | 0.29% | |
| Thai baht | 0.51% | 0.36% | |
| Hong Kong dollar | 0.00% | 0.02% | |
| Singapore dollar | 0.00% | 0.19% | |
| Korean won | -0.06% | 1.17% | |
| Far East Bloc | 5.08% | 17.74% |
Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index
| Currency | % of Fund | % of Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Chinese renminbi | 3.02% | 2.10% | |
| Israeli shekel | 3.01% | 0.13% | |
| New Romanian leu | 1.50% | 0.00% | |
| Egyptian pound | 1.49% | 0.00% | |
| Brazilian real | 1.09% | 0.00% | |
| Serbia dinar | 1.00% | 0.00% | |
| Sri Lanka rupee | 0.53% | 0.00% | |
| Indian rupee | 0.06% | 0.00% | |
| Indonesian rupiah | 0.01% | 0.32% | |
| Russian ruble | 0.00% | 0.17% | |
| South African rand | -0.03% | 0.00% | |
| Chilean peso | -0.04% | 0.06% | |
| Offshore Chinese renminbi | -3.02% | 0.00% | |
| Emerging Markets Bloc | 8.62% | 2.77% |
Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index
Numbers may not total due to rounding; all numbers are percentages.
Currency Bloc breakdown source: T. Rowe Price
Numbers may not total 100% due to rounding.
Numbers may not total 100% due to rounding.
Numbers may not total 100% due to rounding.
Platforms (Investor Class)
| Platform | Retail Investor | Institutional Investor |
|---|---|---|
| Pershing | N/A | NTF |
| TD Ameritrade | NTF | NTF |
| Schwab | NTF | NTF |
| Fidelity | NTF | NTF |
| E*Trade | NTF | N/A |
- NTF No Transaction Fee
- TF Transaction Fee
- N/A Not Available
Calendar Year Performance
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 19.87% | 10.42% | 1.93% | 10.90% | 0.30% | 4.32% | -0.04% | 6.84% | 6.46% | 0.44% | Fund | |
| 5.09% | 4.61% | 5.40% | 5.72% | -0.14% | 7.59% | 1.02% | 3.95% | 3.04% | 1.76% | Benchmark | |
| 14.78% | 5.81% | -3.47% | 5.18% | 0.44% | -3.27% | -1.06% | 2.89% | 3.42% | -1.32% | Value added |
- Fund
- Benchmark
- Annual Report
Investor Class Inception Date: 12/15/2008
Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index
Monthly Performance
- Fund
- Benchmark
Investor Class Inception Date: 12/15/2008
Benchmark: Bloomberg Barclays Global Aggregate Bond USD Hedged Index
Distributions (Investor Class)
| Period | Dividend From Net Income (USD) | Short-Term Capital Gains (USD) | Long-Term Capital Gains (USD) | Declaration/Record Date | Ex-Dividend Date | Payment Date | Sort Column |
|---|---|---|---|---|---|---|---|
| 2018 Year End | - | $0.13 | $0.01 | 12/14/2018 | 12/17/2018 | 12/18/2018 | 20181218 |
| 2017 Year End | - | $0.01 | $0.01 | 12/15/2017 | 12/18/2017 | 12/19/2017 | 20171219 |
| 2016 Year End | - | - | - | 12/15/2016 | 12/16/2016 | 12/19/2016 | 20161219 |
| 2015 Year End | - | - | - | 12/15/2015 | 12/16/2015 | 12/17/2015 | 20151217 |
Future Declarations
| Period | Declaration/Record Date | Ex-Dividend Date | Payment Date | Sort Column |
|---|---|---|---|---|
| 2019 Year End | 12/16/2019 | 12/17/2019 | 12/18/2019 | 20191218 |
Financial Advisors
Client liaisons are available Monday-Thursday from 8 a.m. to 6 p.m. ET and Friday from 8 a.m. to 5 p.m. ET.
Tel: 1-800-564-6958
Contact Advisor Services
1
© 2019 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
2
Number of years managing the fund. In the case of co-portfolio management, the longer tenure is displayed.
3
Figure applies to all share classes.
Kenneth Orchard is a senior portfolio manager in the Fixed Income Division of T. Rowe Price and a member of the Global Fixed Income Investment team, with responsibility for cochairing the Fixed Income Sector Strategy Advisory Group . He is the portfolio manager for the Global Multi-Sector Bond and Diversified Income Bond Strategies and co-portfolio manager for the International Bond Strategies . He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.