SICAV
Global Aggregate Bond Fund
Risk-aware investing, exploiting inefficiencies in global bond markets.
ISIN LU0133095660
WKN 767368
3YR Return Annualised
(View Total Returns)
Total Assets
(USD)
1.24%
$473.3m
Data as of 30-Sep-2019
Data as of 30-Sep-2019
1YR Return
(View Total Returns)
Manager Tenure
6.22%
5yrs
Data as of 30-Sep-2019
Data as of 31-Aug-2019
Information Ratio
(5 Years)
Tracking Error
(5 Years)
-0.13
1.14%
Data as of 30-Sep-2019
Data as of 30-Sep-2019
Inception Date 25-Jan-2006
Performance figures calculated in USD
Other Literature
- This product's strategy also available as
- a Strategy
Strategy
Investment Objective
To maximise the value of its shares through both growth in the value of, and income from, its investments. The fund invests mainly in a diversified portfolio of bonds of all types from issuers around the world.Investment Approach
- To generate a consistent performance over benchmark by exploiting inefficiencies in the full universe of the global fixed income and currency markets:
- Focus on successful alpha generation.
- Importance of effective risk management.
- Target value added: 100-200 basis points per annum above benchmark over full economic cycle. (Not a formal objective and it can be changed without prior notice. Please reference prospectus for formal objective.)
- Target average tracking error: Between 150 basis points and 300 basis points per annum.
- Alpha generation classified under three main performance activities:
- Currency Management: 35% Expected contribution to value added
- Country/Duration Management: 35% Expected contribution to value added
- Sector Allocation/Security Selection: 30% Expected contribution to value added
Portfolio Construction
- Currency limit: maximum +/- 40% relative to benchmark
- Weighted duration limit: maximum +/- 3 years relative to benchmark
- Sub-investment grade: maximum 20%
- Above investment grade: not restricted (includes corporates and emerging markets)
- Portfolio holdings: between 400 and 600 issuers
- Average credit quality: A- or better
Performance (Class I)
Annualised Performance
| 1 YR | 3 YR Annualised |
5 YR Annualised |
10 YR Annualised |
Since Manager Inception Annualised |
|
|---|---|---|---|---|---|
| Fund % | 6.22% | 1.24% | 1.85% | 2.51% | 2.77% |
| Indicative Benchmark % | 7.60% | 1.59% | 1.99% | 2.34% | 2.97% |
| Excess Return % | -1.38% | -0.35% | -0.14% | 0.17% | -0.20% |
| 1 YR | 3 YR Annualised |
5 YR Annualised |
10 YR Annualised |
|
|---|---|---|---|---|
| Fund % | 6.22% | 1.24% | 1.85% | 2.51% |
| Indicative Benchmark % | 7.60% | 1.59% | 1.99% | 2.34% |
| Excess Return % | -1.38% | -0.35% | -0.14% | 0.17% |
Recent Performance
| Month to DateData as of 16-Oct-2019 | Quarter to DateData as of 16-Oct-2019 | Year to DateData as of 16-Oct-2019 | 1 MonthData as of 30-Sep-2019 | 3 MonthsData as of 30-Sep-2019 | |
|---|---|---|---|---|---|
| Fund % | -0.30% | -0.30% | 5.63% | -1.54% | 0.55% |
| Indicative Benchmark % | -0.07% | -0.07% | 6.25% | -1.02% | 0.71% |
| Excess Return % | -0.23% | -0.23% | -0.62% | -0.52% | -0.16% |
Past performance is not a reliable indicator of future performance. Source for fund performance: T. Rowe Price. Fund performance is calculated using the official NAV with dividends reinvested, if any. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested. It will be affected by changes in the exchange rate between the base currency of the fund and the subscription currency, if different. Sales charges (up to a maximum of 5% for the A Class), taxes and other locally applied costs have not been deducted and if applicable, they will reduce the performance figures.
Where the base currency of the fund differs from the share class currency, exchange rate movements may affect returns.
30-Sep-2019
-
Arif Husain,
Portfolio Manager,
Core government bond yields trended higher in September. Curves steepened across a number of core markets amid easing political tensions, aided by a thawing in U.S.-China trade relations, which pushed long-dated bond prices down over the period. Within the portfolio’s country/duration positioning, our overweight bias toward U.S. Treasuries was one of the major negative factors on relative performance as investors’ appetite for risk returned. By contrast, the muted reaction to European Central Bank (ECB) interest rate cuts and a reduction in global trade worries supported our eurozone underweight. Within currency selection, our underweight bias toward the British pound held back returns. The pound rallied during the month amid speculation that the UK government could be softening its stance on certain aspects of Brexit negotiations. Looking at sector allocation and security selection, our short credit default position in a U.S. investment-grade index held back relative returns.
Holdings
Holdings
Total
Holdings
531
Largest Holding
U.S. Treasury Bonds
7.32%
Was
(30-Jun-2019) 5.17%
Top 10 Holdings 32.89%
Quality Rating View quality analysis
| Largest Overweight | Largest Underweight | |
|---|---|---|
| Quality Rating | Below Investment Grade | A |
| By % | 5.93% | -9.73% |
| Fund | 6.44% | 15.32% |
| Indicative Benchmark | 0.51% | 25.05% |
Average Credit Quality
AA-Maturity View maturity analysis
| Largest Overweight | Largest Underweight | |
|---|---|---|
| Maturity | 10+ Years | 1-3 Years |
| By % | 5.93% | -8.77% |
| Fund | 31.18% | 14.56% |
| Indicative Benchmark | 25.25% | 23.33% |
Weighted Average Maturity
10.94 YearsDuration View duration analysis
| Largest Overweight | Largest Underweight | |
|---|---|---|
| Duration | 7-10 Years | 1-3 Years |
| By % | 3.90% | -12.21% |
| Fund | 16.34% | 17.39% |
| Indicative Benchmark | 12.45% | 29.60% |
Weighted Average Duration
7.92 Years
31-Dec-2018
-
Arif Husain,
Portfolio Manager,
The portfolio's overall duration was increased over the quarter driven in part by adding to high-quality countries, such as the U.S. and Australia. We also reduced the underweight duration position in the eurozone and moved the UK up to neutral. The changes reflected our expectations that slowing global growth, geopolitics, and trade tensions could fuel a flight into high-quality government bonds.
Country/duration positioning
- Within developed markets, we began increasing the overweight duration position in the U.S. around mid-October. This was driven by expectations for growth to moderate and the Federal Reserve to slow the pace of interest rate hikes in 2019. Overall, our bias for a flattening of the Treasury yield curve stayed in place as inflation remained well behaved. In the eurozone, we added to Germany in the 7- to 10-year part of the curve and moved Italy back to neutral as budget concerns eased. The overall underweight duration position was reduced as economic growth continued to slow. Over the medium-term, we believe eurozone government bonds are potentially vulnerable as the markets have yet to price in the European Central Bank taking a key step toward monetary policy normalization at the end of 2018 when its quantitative easing program finished.
- Among other developed market moves, we opened a new overweight duration position in Australia on anticipation that the central bank will keep interest rates unchanged for the foreseeable future, a factor we believe should be supportive for bonds. Meanwhile, in the UK, we closed the underweight duration position in mid-November on uncertainty surrounding the country's exit from the European Union. Toward the end of the period, we opened a new underweight duration position in Canada as we felt that the market was being too pessimistic on the outlook for interest rate hikes.
- Our allocation to local emerging market bonds remained low during the quarter. In terms of moves, we reduced overweight positions in Mexico and Thailand and took profit on the off-benchmark position in Brazil. We also added modestly to our off-benchmark exposure in domestic Romania on anticipation that inflation pressures could recede. Throughout, we maintained overweight positions in Chile, and off-benchmark exposures in India and South Africa. To balance some of the risks, we maintain a negative bias in Eastern Europe through underweight duration positions expressed in Hungary and Poland.
Currency selection
- On the currency front, we shifted to an underweight position in the U.S. dollar toward the end of the quarter. This was driven in part by adding to the overweight position in the Swiss franc and opening a new overweight position in the Swedish krona after the central bank raised interest rates for the first time since 2011 in December. Overall, we felt that with U.S. growth slowing and the Fed potentially delivering fewer hikes in 2019, the dollar could be vulnerable to a correction. In other moves, underweight positions in the euro and Australian dollar were closed. Throughout, we maintained an overweight position in the Japanese yen and underweight allocations to the Singapore dollar and Taiwanese dollar.
- In emerging markets, we added tentatively to a select number of currencies. This included the Mexican peso, the Argentine peso, the South African rand, and the Malaysian ringgit. These complemented existing exposures in the Romania leu and the Colombian peso. The overweight position in the Czech koruna was closed.
Sector allocation and security selection
- We maintain an allocation to hard currency emerging market sovereign debt as the income stream remains attractive. We also hold modest exposure to European high yield bonds.
- To reduce portfolio risk, we continue to hold defensive positions in credit markets. The majority of this is expressed through short credit default swap positions in a U.S. investment-grade bond index. In emerging markets, except for Mexico, we closed the credit default swap positions at an individual country level in Turkey, South Africa, and Indonesia.
Sectors
Total
Sectors
6
Largest Sector
Government
65.52%
Was (31-Aug-2019)
66.09%
Other
View complete Sector Diversification
Largest Overweight
Government
By7.01%
Fund
65.52%
Indicative Benchmark
58.51%
Largest Underweight
Agency/Supranationals
By-7.81%
Fund
0.33%
Indicative Benchmark
8.14%
30-Sep-2019
-
Arif Husain,
Portfolio Manager,
We maintain low credit risk beta in the portfolio by using credit derivative instruments to act as insurance. We continue, however, to hold a modest overweight position in European high yield.
Countries
Total
Countries
48
Largest Country
United States
34.52%
Was (31-Aug-2019)
36.42%
Other
View complete Country Diversification
Largest Overweight
United Kingdom
By7.54%
Fund
12.57%
Indicative Benchmark
5.02%
Largest Underweight
Japan
By-8.10%
Fund
8.39%
Indicative Benchmark
16.50%
30-Sep-2019
-
Arif Husain,
Portfolio Manager,
We reduced our overweight duration stance to the U.S. in the month as promising growth figures and progress in trade discussions eased demand for core assets. We also reduced our overall underweight stance in the eurozone by shifting our French and Spanish positions to overweight. Despite increasingly dovish messaging from the ECB, we see little value in core eurozone bonds at negative yields. However, improving sentiment led us to slightly increase our underweight duration position in Japan.
Currency
Total
Currencies
32
Largest Currency
U.S. dollar
46.49%
Was (31-Aug-2019)
48.84%
Other
View complete Currency Diversification
Largest Overweight
Israeli shekel
By
1.54%
Fund
1.67%
Indicative Benchmark
0.13%
Largest Underweight
Offshore Chinese renminbi
By
-3.27%
Fund
-3.27%
Indicative Benchmark
0.00%
30-Sep-2019
-
Arif Husain,
Portfolio Manager,
Through active currency management we hold overweight positions in the Brazilian real, U.S. dollar, Swiss franc, British pound, Israeli shekel, Indian rupee, and Serbian dinar. These holdings are funded by our underweight positions in currencies such as the euro, Chinese yuan, Hungarian forint, Indonesian rupiah, Thai baht and Taiwanese dollar.
Team (As of 31-Aug-2019)
Arif Husain is head of International Fixed Income at T. Rowe Price. He is lead portfolio manager for the Dynamic Global Bond Strategies. Mr. Husain is also co-portfolio manager for the firm's International Bond, Global Aggregate Bond and Institutional International Bond Strategies. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.
Mr. Husain has 24 years of investment experience, six of which have been with T. Rowe Price. Prior to joining the firm in 2013, he spent 14 years as director of both European Fixed Income and Euro Portfolio Management at AllianceBernstein. He was also a member of the global fixed income and absolute return portfolio management teams. Mr. Husain previously worked as assistant director of European Derivatives Trading at Greenwich NatWest and also traded interest rate swaps at Bank of America National Trust & Savings Association.
Mr. Husain received a B.Sc. (hons.) in banking and international finance from the City University, London Business School. He also has earned the Chartered Financial Analyst designation.
- Fund manager2014
since - Years at6
T. Rowe Price - Years investment23
experience
Quentin Fitzsimmons is a senior portfolio manager in the Fixed Income Division of T. Rowe Price and a member of the global fixed income investment team. He is co-portfolio manager for the Global Aggregate Bond Strategy. He is actively involved in the discussion around country and duration positioning, currency management and sector allocation, with a particular expertise in interest rate management.
Mr. Fitzsimmons has 28 years of investment experience, four of which have been with T. Rowe Price. Prior to joining the firm in 2015, Mr. Fitzsimmons was head of liquidity portfolio investment management, Treasury markets, for the Royal Bank of Scotland Group, where he managed the liquid fixed income "tier one" capital on its balance sheet on an absolute return basis. Previously, he also worked as head of rates and as executive director of fixed income for Threadneedle Investments, where he ran global fixed income portfolios from 2002 to 2012. Prior to Threadneedle he held various fixed income portfolio management and research roles with F&C Investments, the Equitable Life Assurance Society and Sun Life Assurance Company of Canada.
Mr. Fitzsimmons earned a B.Sc. in economics and economic history from the University of Bristol.
- Fund manager2016
since - Years at4
T. Rowe Price - Years investment28
experience
Stephane Fertat is a fixed income portfolio specialist for T. Rowe Price. He is a member of the Global Fixed Income team, supporting all global/international fixed income strategies. He represents the portfolio management team, presenting strategies as well as market outlooks in meetings and conferences. Mr. Fertat has broad knowledge of fixed income, currency, credit and derivative instruments - leading him to assist in the development of customized fixed income solutions - and he has helped launch a number of new strategies since joining the firm in 2007. Mr. Fertat is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.
Mr. Fertat has 22 years of investment experience, 12 of which have been at T. Rowe Price. Prior to joining the firm in 2007, he was employed by Fischer Francis Trees and Watts, a global fixed income asset management company, where he worked as a European fixed income fund manager before moving to a product manager role. Mr. Fertat was also a director of client service and business development for Southern Europe and worked previously at Societe Generale Fimat Investment Management in Chicago.
Mr. Fertat holds a master's degree in finance from Ecole Superieure de Commerce de Paris (ESCP-EAP). He also has earned the Chartered Financial Analyst designation.
- Years at12
T. Rowe Price - Years investment22
experience
Chris Dillon is an investment specialist in the Multi-Asset Division at T. Rowe Price. He provides broad insight across the various views that T. Rowe Price has across the Equity and Fixed Income Divisions. Mr. Dillon is also responsible for communicating how the firm's Multi-Asset team is allocating across asset classes from longer- and shorter-term perspectives. Mr. Dillon is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.
Mr. Dillon has 22 years of investment experience, 13 of which have been with T. Rowe Price. Prior to joining the firm in 2006, he was an investment advisory research consultant for PNC Advisors. Prior to that, Mr. Dillon directed fixed income management research for Smith Barney Consulting Group.
Mr. Dillon earned a B.A., cum laude, in history/economics from the University of Delaware and an M.B.A. in business administration from Wilmington University. He also has earned the Chartered Financial Analyst designation.
- Years at13
T. Rowe Price - Years investment22
experience
Fee Schedule
| Share Class | Minimum Initial Investment and Holding Amount | Minimum Subsequent Investment | Minimum Redemption Amount | Sales Charge (up to) | Investment Management Fee (up to) | Ongoing Charges |
|---|---|---|---|---|---|---|
| Class A | $15,000 | $100 | $100 | 5.00% | 75 basis points | 1.07% |
| Class I | $2,500,000 | $100,000 | $0 | 0.00% | 45 basis points | 0.53% |
| Class Q | $15,000 | $100 | $100 | 0.00% | 45 basis points | 0.62% |
| Class Sd | $10,000,000 | $0 | $0 | 0.00% | 0 basis points | 0.10% |
Please note that the Ongoing Charges figure is inclusive of the Investment Management Fee and is charged per annum.
Portfolio Characteristics
as of 30-Sep-2019
| Characteristic | Fund | Indicative Benchmark |
|---|---|---|
| Weighted Average Coupon | 3.22% | 2.75% |
| Weighted Average Maturity | 10.94 Years | 8.87 Years |
| Weighted Average Duration | 7.92 Years | 7.08 Years |
| Number of Holdings | 531 | 24,215 |
Risks
The following risks are materially relevant to the fund (refer to prospectus for further details):
- Capital risk
- China Interbank Bond Market risk
- Counterparty risk
- Country risk (China)
- Country risk (Russia and Ukraine)
- Credit risk
- Currency risk
- Default risk
- Derivatives risk
- Emerging markets risk
- Geographic concentration risk
- Hedging risk
- Interest rate risk
- Investment fund risk
- Issuer concentration risk
- Liquidity risk
- Management risk
- Market risk
- Operational risk
- Prepayment and extension risk
- Sector concentration risk
Risk/Return Characteristics
as of 30-Sep-2019| Risk/Return (5 Years) | Fund | Indicative Benchmark |
|---|---|---|
| Alpha | -0.13% | 0.00% |
| Beta | 0.99 | 1.00 |
| R-Squared | 0.94 | 1.00 |
| Annualized Std. Deviation | 4.53% | 4.44% |
| Information Ratio | -0.13 | 0.00 |
| Sharpe Ratio | 0.20 | 0.23 |
| Tracking Error | 1.14% | 0.00% |
Past performance is not a reliable indicator of future performance.
Statistics based on monthly net returns of the Fund's Class I shares.
Calendar Year Performance (Class I)
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 11.54% | 5.87% | 4.08% | 6.87% | -2.89% | 0.61% | -2.82% | 2.90% | 6.44% | -1.39% | Fund | |
| 6.93% | 5.54% | 5.64% | 4.32% | -2.60% | 0.59% | -3.15% | 2.09% | 7.39% | -1.20% | Indicative Benchmark | |
| 4.61% | 0.33% | -1.56% | 2.55% | -0.29% | 0.02% | 0.33% | 0.81% | -0.95% | -0.19% | Value added |
- Fund
- Indicative Benchmark
- Annual Report
Monthly Performance (Class I)
- Fund
- Indicative Benchmark
- Exceptional Commentary
- Monthly Commentary
Click chart to display commentary.
Quality (30-Sep-2019)
| Quality Rating | % of Fund | % of Indicative Benchmark | % Underweight/Overweight |
|---|---|---|---|
| US GOVERNMENT AGENCY SECURITIES | 10.74% | 11.38% | |
| AAA | 23.27% | 27.83% | |
| AA | 15.44% | 14.45% | |
| A | 15.32% | 25.05% | |
| BBB | 17.12% | 16.36% | |
| Below Investment Grade | 6.44% | 0.51% | |
| NOT RATED | 9.16% | 4.41% | |
| RESERVES | 2.51% | 0.00% |
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Sources for Credit Quality Diversification: Moody's Investors Service and Standard & Poor's (S&P) split ratings (i.e. BB/B and B/CCC) are assigned when the Moody's and S&P ratings differ. Short-Term holdings are not rated.
Maturity (30-Sep-2019)
| Bond Maturity | % of Fund | % of Indicative Benchmark | % Underweight/Overweight |
|---|---|---|---|
| 0-1 Years | 1.32% | 0.00% | |
| 1-3 Years | 14.56% | 23.33% | |
| 3-5 Years | 24.22% | 23.77% | |
| 5-7 Years | 9.25% | 14.43% | |
| 7-10 Years | 16.97% | 13.22% | |
| 10+ Years | 31.18% | 25.25% | |
| Cash Equivalents | 2.51% | 0.00% |
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Duration (30-Sep-2019)
| Duration | % of Fund | % of Indicative Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Under 1 Year | 2.23% | 0.87% | |
| 1-3 Years | 17.39% | 29.60% | |
| 3-5 Years | 24.30% | 21.42% | |
| 5-7 Years | 10.94% | 12.76% | |
| 7-10 Years | 16.34% | 12.45% | |
| Over 10 Years | 26.29% | 22.90% | |
| Cash Equivalents | 2.51% | 0.00% |
Duration is a measure of a bond's sensitivity to interest rate changes.
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Holdings (30-Sep-2019)
| Company | % of Fund | Previous Qtr Change | Value (USD) | Shares/Par | Sector | Industry | Country | Coupon Rate (%) | Quality | Maturity Date | Duration (Yrs) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S. Treasury Bonds | 7.32% | 2.14 | $34,628,853.75 | 28,348,000 | US Govt & Agencies | U S Treasury Obligations | United States | 3.13% | Aaa | 15-May-2048 | 20.11 |
| United Kingdom Gilt | 4.03% | 1.96 | $19,062,636.46 | 14,920,000 | Government | Foreign Govt & Muni (Excl Canadian) | United Kingdom | 1.00% | Aa2 | 22-Apr-2024 | 4.44 |
| United Kingdom Gilt | 3.35% | -2.17 | $15,855,887.10 | 12,630,000 | Government | Foreign Govt & Muni (Excl Canadian) | United Kingdom | 0.75% | Aa2 | 22-Jul-2023 | 3.74 |
| Japan Government Ten Year Bond | 2.89% | -0.38 | $13,658,982.46 | 1,422,900,000 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 0.10% | A1 | 20-Mar-2028 | 8.47 |
| Canadian Government Bond | 2.77% | 0.20 | $13,093,091.49 | 16,390,000 | Government | Canadian Govts & Municipalities | Canada | 2.00% | Aaa | 01-Jun-2028 | 7.90 |
| China Government Bond | 2.67% | 0.68 | $12,619,026.28 | 87,550,000 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.54% | NR | 16-Aug-2028 | 7.61 |
| Japan Government Thirty Year Bond | 2.55% | 0.36 | $12,082,212.72 | 1,155,950,000 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 0.80% | A1 | 20-Jun-2047 | 25.76 |
| U.S. Treasury Bonds | 2.48% | N/A | $11,721,101.57 | 9,350,000 | US Govt & Agencies | U S Treasury Obligations | United States | 3.38% | Aaa | 15-May-2044 | 17.84 |
| Indonesia Treasury Bond | 2.47% | -0.02 | $11,688,042.97 | 153,200,000,000 | Government | Foreign Govt & Muni (Excl Canadian) | Indonesia | 8.13% | NR | 15-May-2024 | 3.75 |
| United Kingdom Gilt | 2.38% | N/A | $11,242,879.06 | 8,778,000 | Government | Foreign Govt & Muni (Excl Canadian) | United Kingdom | 0.88% | Aa2 | 22-Oct-2029 | 9.68 |
| Federal National Mortgage Assn. | 2.20% | -0.24 | $10,411,604.18 | 9,622,265 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Sep-2048 | 1.60 |
| International Finance | 2.16% | -0.19 | $10,217,534.71 | 690,000,000 | Government | Foreign Govt & Muni (Excl Canadian) | SNAT (Supe Natl Wrld Global) | 7.45% | Aaa | 08-Nov-2021 | 1.88 |
| Italy Buoni Poliennali del Tesoro | 1.76% | -0.14 | $8,320,642.97 | 6,900,000 | Government | Foreign Govt & Muni (Excl Canadian) | Italy | 2.45% | NR | 01-Oct-2023 | 3.84 |
| Italy Buoni Poliennali del Tesoro | 1.74% | 0.35 | $8,212,457.80 | 5,525,000 | Government | Foreign Govt & Muni (Excl Canadian) | Italy | 3.45% | Baa3 | 01-Mar-2048 | 19.99 |
| Federal National Mortgage Assn. | 1.55% | N/A | $7,317,687.11 | 7,132,610 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Nov-2046 | 3.76 |
| Thailand Government Bond | 1.30% | 0.04 | $6,163,346.21 | 179,850,000 | Government | Foreign Govt & Muni (Excl Canadian) | Thailand | 2.40% | NR | 17-Dec-2023 | 3.98 |
| U.S. Treasury Notes | 1.29% | -3.30 | $6,125,390.64 | 6,000,000 | US Govt & Agencies | U S Treasury Obligations | United States | 2.13% | Aaa | 15-May-2022 | 2.52 |
| Indonesia Treasury Bond | 1.15% | N/A | $5,436,272.63 | 70,500,000,000 | Government | Foreign Govt & Muni (Excl Canadian) | Indonesia | 8.25% | NR | 15-May-2029 | 6.59 |
| Japan Government Ten Year Bond | 1.11% | N/A | $5,233,412.66 | 546,650,000 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 0.90% | A1 | 20-Jun-2022 | 2.69 |
| Japan Government Forty Year Bond | 1.07% | 0.49 | $5,075,487.51 | 412,000,000 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 1.40% | A1 | 20-Mar-2055 | 29.98 |
| French Republic Government Bond OAT | 1.07% | N/A | $5,057,375.10 | 3,280,000 | Government | Foreign Govt & Muni (Excl Canadian) | France | 2.00% | Aa2 | 25-May-2048 | 23.60 |
| Bundesrepublik deutschland Bundesanleihe | 1.03% | -0.78 | $4,871,947.74 | 4,120,000 | Government | Foreign Govt & Muni (Excl Canadian) | Germany | 0.25% | NR | 15-Feb-2029 | 9.35 |
| French Republic Government Bond OAT | 1.03% | -1.04 | $4,868,017.60 | 2,605,000 | Government | Foreign Govt & Muni (Excl Canadian) | France | 3.25% | Aa2 | 25-May-2045 | 20.02 |
| Finland Government Bond | 1.00% | -0.42 | $4,754,170.48 | 4,030,000 | Government | Foreign Govt & Muni (Excl Canadian) | Finland | 0.50% | Aa1 | 15-Sep-2029 | 9.83 |
| U.S. Treasury Bonds | 0.96% | -0.18 | $4,542,874.24 | 3,430,000 | US Govt & Agencies | U S Treasury Obligations | United States | 3.75% | Aaa | 15-Nov-2043 | 17.22 |
| United Kingdom Gilt | 0.86% | 0.74 | $4,082,374.87 | 2,926,000 | Government | Foreign Govt & Muni (Excl Canadian) | United Kingdom | 1.50% | Aa2 | 22-Jul-2047 | 23.45 |
| Cyprus Government International Bond | 0.85% | 0.06 | $4,029,718.33 | 2,905,000 | Government | Foreign Govt & Muni (Excl Canadian) | Cyprus | 2.75% | Ba2 | 26-Feb-2034 | 12.29 |
| Mexican Bonos | 0.80% | 0.05 | $3,791,564.73 | 70,400,000 | Government | Foreign Govt & Muni (Excl Canadian) | Mexico | 7.50% | A3 | 03-Jun-2027 | 5.67 |
| Brazil Notas do Tesouro Nacional Serie F | 0.78% | N/A | $3,708,028.91 | 1,266,000 | Government | Foreign Govt & Muni (Excl Canadian) | Brazil | 10.00% | NR | 01-Jan-2029 | 6.22 |
| Government National Mortgage Assn. | 0.75% | -0.13 | $3,551,183.50 | 3,300,732 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 20-Jan-2048 | 1.86 |
| U.S. Treasury Notes | 0.68% | -4.03 | $3,220,125.00 | 3,100,000 | US Govt & Agencies | U S Treasury Obligations | United States | 2.25% | Aaa | 31-Mar-2026 | 6.04 |
| Malaysia Government Bond | 0.66% | -0.06 | $3,133,290.42 | 12,800,000 | Government | Foreign Govt & Muni (Excl Canadian) | Malaysia | 3.80% | A3 | 17-Aug-2023 | 3.57 |
| Israel Government Bond - Fixed | 0.65% | -0.21 | $3,069,545.49 | 7,745,000 | Government | Foreign Govt & Muni (Excl Canadian) | Israel | 3.75% | NR | 31-Mar-2047 | 18.60 |
| Japan Government Thirty Year Bond | 0.62% | 0.13 | $2,923,787.00 | 235,000,000 | Government | Foreign Govt & Muni (Excl Canadian) | Japan | 1.70% | A1 | 20-Sep-2044 | 21.68 |
| Spain Government Bond | 0.55% | N/A | $2,588,426.76 | 2,120,000 | Government | Foreign Govt & Muni (Excl Canadian) | Spain | 1.40% | Baa1 | 30-Jul-2028 | 8.41 |
| Republic of South Africa Government Bond | 0.51% | -0.10 | $2,427,479.60 | 38,860,000 | Government | Foreign Govt & Muni (Excl Canadian) | South Africa | 8.00% | Baa3 | 31-Jan-2030 | 6.92 |
| Sweden Government Bond | 0.49% | 0.16 | $2,340,756.16 | 13,815,000 | Government | Foreign Govt & Muni (Excl Canadian) | Sweden | 3.50% | Aaa | 30-Mar-2039 | 15.84 |
| Federal National Mortgage Assn. | 0.47% | N/A | $2,207,247.78 | 2,190,000 | Mortgage Backed Securities | Mortgages | United States | 2.50% | NR | 01-Jan-2027 | 3.07 |
| Federal National Mortgage Assn. | 0.47% | N/A | $2,207,083.90 | 2,160,000 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Jan-2027 | 2.17 |
| Bundesrepublik deutschland Bundesanleihe | 0.46% | N/A | $2,162,531.39 | 1,420,000 | Government | Foreign Govt & Muni (Excl Canadian) | Germany | 1.25% | Aaa | 15-Aug-2048 | 25.84 |
| Republic of South Africa Government Bond | 0.46% | 0.26 | $2,158,337.19 | 36,493,000 | Government | Foreign Govt & Muni (Excl Canadian) | South Africa | 8.75% | Baa3 | 28-Feb-2048 | 9.66 |
| Canadian Government Bond | 0.44% | N/A | $2,090,138.51 | 2,150,000 | Government | Canadian Govts & Municipalities | Canada | 2.75% | Aaa | 01-Dec-2048 | 21.19 |
| Romanian Government International Bond | 0.42% | N/A | $1,974,426.73 | 1,735,000 | Government | Foreign Govt & Muni (Excl Canadian) | Romania | 2.12% | Baa3 | 16-Jul-2031 | 10.54 |
| Netherlands Government Bond | 0.41% | -0.04 | $1,917,245.86 | 1,580,000 | Government | Foreign Govt & Muni (Excl Canadian) | Netherlands | 0.75% | NR | 15-Jul-2028 | 8.60 |
| Comcast | 0.40% | -0.03 | $1,884,941.28 | 1,775,000 | Corporate High Grade | Miscellaneous | United States | 3.38% | A3 | 15-Aug-2025 | 5.16 |
| Mexican Bonos | 0.39% | -0.17 | $1,839,860.48 | 33,850,000 | Government | Foreign Govt & Muni (Excl Canadian) | Mexico | 8.00% | A3 | 07-Dec-2023 | 3.45 |
| Federal National Mortgage Assn. | 0.37% | N/A | $1,735,972.42 | 1,692,158 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Jul-2046 | 3.76 |
| Federal National Mortgage Assn. | 0.35% | -0.05 | $1,678,406.63 | 1,596,850 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Aug-2047 | 2.12 |
| Government National Mortgage Assn. | 0.35% | -0.09 | $1,676,205.24 | 1,585,936 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 20-Jul-2048 | 0.83 |
| Barclays | 0.35% | -0.02 | $1,668,557.92 | 1,650,000 | Corporate High Grade | Banking | United Kingdom | 2.75% | Baa3 | 08-Nov-2019 | 0.10 |
| Symrise | 0.34% | -0.04 | $1,625,308.71 | 1,415,000 | Corporate High Grade | Chemicals | Germany | 1.25% | NR | 29-Nov-2025 | 5.78 |
| Cyprus Government International Bond | 0.34% | -0.04 | $1,616,305.44 | 1,323,000 | Government | Foreign Govt & Muni (Excl Canadian) | Cyprus | 3.88% | Ba2 | 06-May-2022 | 2.49 |
| CVS Health | 0.34% | -0.03 | $1,586,672.27 | 1,520,000 | Corporate High Grade | Retail | United States | 3.70% | Baa2 | 09-Mar-2023 | 3.16 |
| International Bank for Reconstruction & development | 0.33% | N/A | $1,551,835.22 | 1,241,000 | Government | Foreign Govt & Muni (Excl Canadian) | SNAT (Supe Natl Wrld Global) | 0.88% | Aaa | 13-Dec-2024 | 5.07 |
| Government National Mortgage Assn. | 0.33% | -0.06 | $1,550,123.51 | 1,459,510 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 20-Mar-2047 | 1.86 |
| Saudi Government International Bond | 0.33% | 0.01 | $1,550,019.10 | 1,260,000 | Government | Foreign Govt & Muni (Excl Canadian) | Saudi Arabia | 5.00% | A1 | 17-Apr-2049 | 16.54 |
| Government National Mortgage Assn. | 0.32% | -0.05 | $1,509,726.80 | 1,400,142 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 20-Nov-2047 | 2.54 |
| Ge Capital International Funding Co Unlimited | 0.31% | -0.00 | $1,452,117.72 | 1,365,000 | Corporate High Grade | Miscellaneous | United States | 4.42% | Baa1 | 15-Nov-2035 | 11.47 |
| Spain Government Bond | 0.30% | -0.26 | $1,431,808.47 | 891,000 | Government | Foreign Govt & Muni (Excl Canadian) | Spain | 2.90% | Baa1 | 31-Oct-2046 | 20.54 |
| TRP SICAV EURO Corporate Bond-SD | 0.30% | -0.03 | $1,429,504.76 | 117,275 | Corporate High Yield | Investment Companies - Bonds | Luxembourg | N/A | N/A | N/A | 5.18 |
| Romanian Government International Bond | 0.29% | -0.01 | $1,395,594.17 | 1,090,000 | Government | Foreign Govt & Muni (Excl Canadian) | Romania | 3.38% | Baa3 | 08-Feb-2038 | 14.04 |
| Mexican Bonos | 0.29% | 0.04 | $1,393,084.94 | 25,660,000 | Government | Foreign Govt & Muni (Excl Canadian) | Mexico | 7.75% | A3 | 13-Nov-2042 | 10.64 |
| Tencent Holdings | 0.29% | -0.02 | $1,378,509.89 | 1,300,000 | Emerging Market Corporate | Em-Information Technology | China | 3.80% | A1 | 11-Feb-2025 | 4.83 |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 0.28% | -0.02 | $1,329,054.22 | 1,280,000 | Corporate High Grade | Financial | Ireland | 3.95% | Baa3 | 01-Feb-2022 | 2.14 |
| Ecuador Government International Bond | 0.28% | -0.02 | $1,307,241.67 | 1,250,000 | Government | Foreign Govt & Muni (Excl Canadian) | Ecuador | 7.95% | NR | 20-Jun-2024 | 3.81 |
| Morgan Stanley | 0.27% | -0.02 | $1,295,358.41 | 1,215,000 | Corporate High Grade | Banking | United States | 3.63% | A3 | 20-Jan-2027 | 6.38 |
| Nordea Hypotek | 0.27% | -0.04 | $1,271,603.10 | 12,100,000 | Mortgage Backed Securities | Non - Government Mortgages | Sweden | 1.00% | Aaa | 08-Apr-2022 | 2.49 |
| Lloyds Bank | 0.26% | N/A | $1,223,685.67 | 1,810,000 | Corporate High Grade | Banking | United Kingdom | 1.65% | Aa3 | 12-Aug-2022 | 2.78 |
| Micron Technology | 0.26% | N/A | $1,219,610.27 | 1,160,000 | Corporate High Grade | Information Technology | United States | 4.66% | Baa3 | 15-Feb-2030 | 8.07 |
| Federal National Mortgage Assn. | 0.26% | N/A | $1,217,306.82 | 1,155,000 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Jan-2033 | 1.54 |
| Federal National Mortgage Assn. | 0.26% | N/A | $1,216,584.95 | 1,155,000 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Jan-2035 | 1.59 |
| Republic of Austria Government Bond | 0.25% | -0.01 | $1,199,524.29 | 634,000 | Government | Foreign Govt & Muni (Excl Canadian) | Austria | 3.15% | Aa1 | 20-Jun-2044 | 19.70 |
| Becton Dickinson And | 0.25% | -0.03 | $1,188,019.11 | 1,000,000 | Corporate High Yield | HY - Healthcare | United States | 1.90% | Ba1 | 15-Dec-2026 | 6.56 |
| TRP SICAV European High Yield Bond-SD | 0.25% | -0.03 | $1,176,523.08 | 113,271 | Corporate High Yield | Investment Companies - Bonds | Luxembourg | N/A | N/A | N/A | 2.23 |
| Fidelity National Information Services | 0.24% | -0.02 | $1,156,218.23 | 880,000 | Corporate High Grade | Services | United States | 2.60% | Baa2 | 21-May-2025 | 5.08 |
| Smb Private Education Loan Trust 2015 | 0.24% | -0.02 | $1,135,431.92 | 1,100,000 | Asst Backed Securities | Student Loans | United States | 3.50% | Aa2 | 15-Sep-2043 | 5.34 |
| Singapore Government Bond | 0.24% | -0.03 | $1,125,832.52 | 1,489,000 | Government | Foreign Govt & Muni (Excl Canadian) | Singapore | 3.13% | Aaa | 01-Sep-2022 | 2.78 |
| Sri Lanka Government International Bond | 0.24% | N/A | $1,114,634.28 | 1,100,000 | Government | Foreign Govt & Muni (Excl Canadian) | Sri Lanka | 7.85% | B2 | 14-Mar-2029 | 6.58 |
| Government National Mortgage Assn. | 0.23% | -0.06 | $1,108,877.02 | 1,052,976 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 20-Jun-2048 | 0.83 |
| Energy Transfer Operating | 0.23% | -0.02 | $1,107,996.54 | 985,000 | Corporate High Grade | Oil Field Serv | United States | 5.88% | Baa3 | 15-Jan-2024 | 3.60 |
| Costa Rica Government International Bond | 0.23% | -0.02 | $1,086,191.94 | 1,100,000 | Government | Foreign Govt & Muni (Excl Canadian) | Costa Rica | 4.25% | B1 | 26-Jan-2023 | 3.03 |
| Bahamas Government International Bond | 0.23% | -0.02 | $1,084,130.00 | 1,000,000 | Government | Foreign Govt & Muni (Excl Canadian) | Bahamas | 6.00% | Baa3 | 21-Nov-2028 | 6.26 |
| Bristol-Myers Squibb | 0.23% | -0.01 | $1,081,762.13 | 1,020,000 | Corporate High Grade | Drugs | United States | 3.20% | A2 | 15-Jun-2026 | 5.88 |
| Bank Of Ireland | 0.23% | N/A | $1,080,220.67 | 989,000 | Corporate High Grade | Banking | Ireland | 0.75% | Baa3 | 08-Jul-2024 | 3.71 |
| Diamondback Energy | 0.23% | -0.02 | $1,068,819.18 | 1,005,000 | Corporate High Yield | HY-Energy | United States | 5.38% | Ba2 | 31-May-2025 | 1.59 |
| Government National Mortgage Assn. | 0.23% | -0.06 | $1,065,406.48 | 1,021,318 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 20-Oct-2048 | 0.75 |
| Netherlands Government Bond | 0.22% | -0.02 | $1,059,700.27 | 627,000 | Government | Foreign Govt & Muni (Excl Canadian) | Netherlands | 5.50% | Aaa | 15-Jan-2028 | 7.03 |
| Government National Mortgage Assn. | 0.22% | N/A | $1,045,799.11 | 1,002,466 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 20-Apr-2048 | 0.75 |
| Vereit Operating Partnership | 0.22% | -0.01 | $1,033,219.69 | 975,000 | Corporate High Grade | Real Estate Investment Trust Securities | United States | 3.95% | Baa3 | 15-Aug-2027 | 6.63 |
| WFRBS Commercial Mortgage Trust 2012-C6 | 0.22% | -0.02 | $1,028,362.13 | 975,000 | Mortgage Backed Securities | Commercial Mortgage Backed Securities | United States | 4.70% | Aa1 | 15-Apr-2045 | 2.29 |
| Bahrain Government International Bond | 0.21% | N/A | $1,009,600.00 | 1,000,000 | Government | Foreign Govt & Muni (Excl Canadian) | Bahrain | 5.63% | B2 | 30-Sep-2031 | 8.66 |
| China Government Bond | 0.21% | -0.02 | $1,004,316.61 | 7,000,000 | Government | Foreign Govt & Muni (Excl Canadian) | China | 3.13% | NR | 13-Apr-2022 | 2.41 |
| Royal Bank Of Scotland | 0.21% | 0.16 | $1,001,962.83 | 925,000 | Corporate High Grade | Banking | United Kingdom | 5.13% | Baa3 | 28-May-2024 | 4.07 |
| General Electric | 0.21% | -0.02 | $991,377.46 | 900,000 | Corporate High Grade | Conglomerates | United States | 0.88% | Baa1 | 17-May-2025 | 5.36 |
| Ado Properties | 0.21% | -0.02 | $988,259.44 | 900,000 | Corporate High Grade | Real Estate Investment Trust Securities | Germany | 1.50% | Baa3 | 26-Jul-2024 | 4.53 |
| Cigna | 0.21% | N/A | $971,135.74 | 890,000 | Corporate High Grade | Miscellaneous | United States | 4.13% | Baa2 | 15-Nov-2025 | 5.26 |
| Government National Mortgage Assn. | 0.20% | -0.04 | $965,542.13 | 914,935 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 20-Aug-2047 | 1.58 |
| BAMLL Commercial Mortgage Securities Trust 2018-DSNY | 0.20% | -0.02 | $951,257.61 | 950,000 | Mortgage Backed Securities | Commercial Mortgage Backed Securities | United States | 2.88% | NR | 15-Sep-2034 | 0.03 |
| Bunge Finance Europe BV | 0.20% | -0.02 | $951,225.92 | 835,000 | Corporate High Grade | Food Processing | United States | 1.85% | Baa3 | 16-Jun-2023 | 3.39 |
| Altria | 0.20% | -0.03 | $949,039.01 | 850,000 | Corporate High Grade | Food/Tobacco | United States | 1.00% | A3 | 15-Feb-2023 | 3.25 |
| Bank of America | 0.20% | -0.01 | $948,316.80 | 900,000 | Corporate High Grade | Banking | United States | 3.25% | A2 | 21-Oct-2027 | 6.52 |
| CIT Bank NA | 0.20% | N/A | $945,233.81 | 945,000 | Corporate High Yield | Hy - Financial | United States | 2.97% | Ba1 | 27-Sep-2025 | 4.60 |
| Aib | 0.19% | -0.01 | $911,420.12 | 860,000 | Corporate High Grade | Banking | Ireland | 4.26% | Baa3 | 10-Apr-2025 | 4.02 |
| UNITE | 0.19% | -0.01 | $902,311.92 | 650,000 | Corporate High Grade | Real Estate Investment Trust Securities | United Kingdom | 3.50% | Baa2 | 15-Oct-2028 | 7.54 |
| Elanco Animal Health | 0.19% | N/A | $902,044.88 | 880,000 | Corporate High Grade | Miscellaneous | United States | 3.91% | Baa3 | 27-Aug-2021 | 1.82 |
| Sabine Pass Liquefaction | 0.19% | -0.02 | $899,493.77 | 815,000 | Corporate High Grade | Energy | United States | 5.00% | Baa3 | 15-Mar-2027 | 5.99 |
| Charter Communications Operating LLC / Charter Communications Operating Capital | 0.19% | -0.01 | $890,872.84 | 805,000 | Corporate High Yield | HY-Cable Operators | United States | 4.91% | Ba1 | 23-Jul-2025 | 4.89 |
| Sempra Energy | 0.19% | -0.01 | $890,060.27 | 870,000 | Corporate High Grade | Utilities | United States | 2.90% | Baa1 | 01-Feb-2023 | 3.10 |
| Boral Finance Pty | 0.19% | -0.01 | $889,149.41 | 855,000 | Corporate High Grade | Building Products | Australia | 3.75% | Baa2 | 01-May-2028 | 7.11 |
| Petroleos Mexicanos | 0.19% | N/A | $886,421.25 | 855,000 | Government | Foreign Govt & Muni (Excl Canadian) | Mexico | 6.84% | Baa3 | 23-Jan-2030 | 7.32 |
| HDFC Bank | 0.19% | -0.02 | $877,390.09 | 60,000,000 | Emerging Market Corporate | Em-Banks | India | 8.10% | Baa2 | 22-Mar-2025 | 4.31 |
| Deutsche Bank AG/New York NY | 0.18% | -0.01 | $867,254.12 | 860,000 | Corporate High Grade | Miscellaneous | Germany | 3.13% | Baa3 | 13-Jan-2021 | 1.24 |
| Credit Suisse Group Funding Guernsey | 0.18% | -0.02 | $862,533.18 | 860,000 | Corporate High Grade | Banking | Switzerland | 2.75% | Baa2 | 26-Mar-2020 | 0.48 |
| General Motors Financial | 0.18% | -0.01 | $861,157.81 | 845,000 | Corporate High Grade | Financial | United States | 3.20% | Baa3 | 06-Jul-2021 | 1.63 |
| Volkswagen Leasing GmbH | 0.18% | -0.02 | $857,189.23 | 750,000 | Corporate High Grade | Automotive | Germany | 1.63% | A3 | 15-Aug-2025 | 5.62 |
| Spain Government Bond | 0.18% | N/A | $856,716.00 | 460,000 | Government | Foreign Govt & Muni (Excl Canadian) | Spain | 3.45% | Baa1 | 30-Jul-2066 | 29.15 |
| Boardwalk Pipelines | 0.18% | -0.01 | $853,562.29 | 750,000 | Corporate High Grade | Energy | United States | 5.95% | Baa3 | 01-Jun-2026 | 5.33 |
| Woodside Finance | 0.18% | -0.01 | $845,303.92 | 816,000 | Corporate High Grade | Exploration & Production | Australia | 3.70% | Baa1 | 15-Sep-2026 | 5.99 |
| ArcelorMittal | 0.18% | -0.02 | $842,203.53 | 805,000 | Corporate High Grade | Metals & Mining | Luxembourg | 5.50% | Baa3 | 01-Mar-2021 | 1.36 |
| General Electric | 0.18% | -0.02 | $839,599.99 | 810,000 | Corporate High Grade | Conglomerates | United States | 4.63% | Baa1 | 07-Jan-2021 | 1.22 |
| Ford Motor Credit | 0.18% | -0.02 | $834,506.89 | 800,000 | Corporate High Yield | HY-Automotive | United States | 5.75% | Ba1 | 01-Feb-2021 | 1.28 |
| Smb Private Education Loan Trust 2017 | 0.17% | N/A | $827,362.04 | 824,474 | Asst Backed Securities | Student Loans | United States | 2.93% | Aaa | 15-Sep-2034 | 0.04 |
| Verus Securitization Trust 2018-1 | 0.17% | N/A | $816,923.91 | 812,728 | Mortgage Backed Securities | Whole Loans Backed | United States | 3.03% | NR | 25-Feb-2048 | 1.55 |
| Intesa Sanpaolo | 0.17% | -0.02 | $813,200.85 | 770,000 | Corporate High Grade | Banking | Italy | 6.50% | Baa1 | 24-Feb-2021 | 1.34 |
| State Grid Overseas Investment 2016 | 0.17% | -0.02 | $809,627.63 | 700,000 | Corporate High Grade | Utilities | China | 1.38% | A1 | 02-May-2025 | 5.38 |
| Wintershall dea Finance BV | 0.17% | N/A | $781,267.08 | 700,000 | Corporate High Grade | Energy | Germany | 1.82% | Baa2 | 25-Sep-2031 | 10.82 |
| Federal National Mortgage Assn. | 0.16% | -0.02 | $774,262.31 | 716,232 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Mar-2046 | 3.30 |
| SMART ABS Series 2016-2US Trust | 0.16% | -0.01 | $773,038.01 | 775,000 | Asst Backed Securities | Auto Backed | Australia | 2.05% | Aaa | 14-Dec-2022 | 1.20 |
| Transurban Finance Co Pty | 0.16% | -0.01 | $769,488.42 | 653,000 | Corporate High Grade | Transportation | Australia | 1.45% | Baa1 | 16-May-2029 | 8.94 |
| FCA Bank SpA/Ireland | 0.16% | N/A | $762,345.62 | 700,000 | Corporate High Grade | Automotive | Italy | 0.50% | Baa1 | 13-Sep-2024 | 4.78 |
| Mizuho Financial | 0.16% | -0.01 | $753,996.07 | 725,000 | Corporate High Grade | Banking | Japan | 3.55% | A1 | 05-Mar-2023 | 3.21 |
| Alexandria Real Estate Equities | 0.16% | -0.01 | $749,677.53 | 690,000 | Corporate High Grade | Real Estate Investment Trust Securities | United States | 3.95% | Baa1 | 15-Jan-2028 | 6.93 |
| Towd Point Mortgage Trust 2018-2 | 0.16% | -0.02 | $748,557.69 | 730,484 | Mortgage Backed Securities | Whole Loans Backed | United States | 3.25% | Aaa | 25-Mar-2058 | 2.44 |
| Vistra Operations | 0.16% | -0.01 | $737,999.00 | 720,000 | Corporate High Yield | HY - Utilities | United States | 3.55% | Ba1 | 15-Jul-2024 | 4.29 |
| Morocco Government International Bond | 0.16% | -0.02 | $735,913.02 | 620,000 | Government | Foreign Govt & Muni (Excl Canadian) | Morocco | 4.50% | NR | 05-Oct-2020 | 0.97 |
| Heta Asset Resolution | 0.15% | -0.02 | $722,058.85 | 600,000 | Agency/Supranationals | Foreign Agency | Austria | 2.38% | Aa1 | 13-Dec-2022 | 3.07 |
| FirstEnergy | 0.15% | -0.01 | $697,190.00 | 650,000 | Corporate High Grade | Utilities | United States | 3.90% | Baa3 | 15-Jul-2027 | 6.56 |
| Fiserv | 0.15% | -0.01 | $694,149.14 | 520,000 | Corporate High Grade | Information Technology | United States | 3.00% | Baa2 | 01-Jul-2031 | 9.97 |
| Caixabank | 0.15% | -0.02 | $693,549.93 | 600,000 | Corporate High Yield | Hy-Banking | Spain | 2.75% | Ba1 | 14-Jul-2028 | 3.61 |
| Danske Bank | 0.14% | N/A | $682,198.49 | 615,000 | Corporate High Grade | Banking | Denmark | 5.38% | Baa2 | 12-Jan-2024 | 3.80 |
| Alexandria Real Estate Equities | 0.14% | -0.01 | $674,633.86 | 625,000 | Corporate High Grade | Real Estate Investment Trust Securities | United States | 3.95% | Baa1 | 15-Jan-2027 | 6.18 |
| Micron Technology | 0.14% | N/A | $664,689.60 | 620,000 | Corporate High Grade | Information Technology | United States | 4.64% | Baa3 | 06-Feb-2024 | 3.86 |
| Westlake Chemical | 0.14% | N/A | $661,890.01 | 590,000 | Corporate High Grade | Chemicals | United States | 1.63% | Baa2 | 17-Jul-2029 | 9.01 |
| Dassault Systemes | 0.14% | N/A | $652,721.96 | 600,000 | Corporate High Grade | Computer Service & Software | France | 0.13% | NR | 16-Sep-2026 | 6.82 |
| CC Holdings GS V LLC / Crown Castle GS III | 0.14% | -0.01 | $650,666.41 | 610,000 | Corporate High Grade | Wireless Communications | United States | 3.85% | Baa2 | 15-Apr-2023 | 3.25 |
| Vodafone | 0.14% | -0.00 | $649,360.13 | 560,000 | Corporate High Grade | Wireless Communications | United Kingdom | 5.00% | Baa2 | 30-May-2038 | 12.47 |
| NXP BV / NXP Funding | 0.14% | -0.01 | $641,511.18 | 590,000 | Corporate High Grade | Information Technology | Netherlands | 4.88% | Baa3 | 01-Mar-2024 | 3.91 |
| Lithuania Government International Bond | 0.13% | -0.00 | $636,419.52 | 450,000 | Government | Foreign Govt & Muni (Excl Canadian) | Lithuania | 2.13% | A3 | 22-Oct-2035 | 14.01 |
| Berkshire Hathaway Finance | 0.13% | -0.01 | $630,873.86 | 470,000 | Corporate High Grade | Conglomerates | United States | 2.38% | Aa2 | 19-Jun-2039 | 16.19 |
| Orange | 0.13% | -0.01 | $628,664.08 | 500,000 | Corporate High Grade | Telephones | France | 2.00% | Baa1 | 15-Jan-2029 | 8.40 |
| Latvia Government International Bond | 0.13% | -0.10 | $616,002.82 | 435,000 | Government | Foreign Govt & Muni (Excl Canadian) | Latvia | 1.88% | A3 | 19-Feb-2049 | 23.95 |
| Barclays | 0.13% | -0.01 | $609,881.95 | 595,000 | Corporate High Grade | Banking | United Kingdom | 3.68% | Baa3 | 10-Jan-2023 | 2.34 |
| Netflix | 0.13% | -0.02 | $604,544.43 | 490,000 | Corporate High Yield | HY-Cable Operators | United States | 4.63% | Ba3 | 15-May-2029 | 7.77 |
| Indonesia Treasury Bond | 0.13% | -0.01 | $603,473.53 | 7,263,000,000 | Government | Foreign Govt & Muni (Excl Canadian) | Indonesia | 9.50% | Baa2 | 15-May-2041 | 9.76 |
| Capital One Financial | 0.13% | -0.01 | $601,524.31 | 540,000 | Corporate High Grade | Banking | United States | 0.80% | Baa1 | 12-Jun-2024 | 4.61 |
| Ren Finance BV | 0.13% | -0.01 | $600,771.19 | 500,000 | Corporate High Grade | Utilities | Portugal | 1.75% | Baa3 | 18-Jan-2028 | 7.60 |
| Sequoia Mortgage Trust 2018-CH2 | 0.13% | -0.02 | $599,813.04 | 584,793 | Mortgage Backed Securities | Whole Loans Backed | United States | 4.00% | Aaa | 25-Jun-2048 | 3.09 |
| Latvia Government International Bond | 0.13% | -0.00 | $597,437.04 | 470,000 | Government | Foreign Govt & Muni (Excl Canadian) | Latvia | 1.38% | A3 | 16-May-2036 | 15.22 |
| State Grid Overseas Investment 2016 | 0.12% | -0.01 | $570,537.96 | 560,000 | Agency/Supranationals | Foreign Agency | China | 2.75% | A1 | 04-May-2022 | 2.46 |
| Sequoia Mortgage Trust 2018-CH2 | 0.12% | N/A | $570,260.28 | 561,114 | Mortgage Backed Securities | Whole Loans Backed | United States | 4.00% | Aaa | 25-Jun-2048 | 1.85 |
| Cyprus Government International Bond | 0.12% | -0.02 | $569,457.93 | 453,000 | Government | Foreign Govt & Muni (Excl Canadian) | Cyprus | 3.75% | Ba2 | 26-Jul-2023 | 3.62 |
| Morgan Stanley | 0.12% | -0.01 | $566,798.54 | 525,000 | Corporate High Grade | Miscellaneous | United States | 3.88% | A3 | 27-Jan-2026 | 5.59 |
| Banco De Sabadell | 0.12% | -0.01 | $557,856.51 | 500,000 | Corporate High Grade | Banking | Spain | 0.88% | Baa3 | 05-Mar-2023 | 3.37 |
| Goldman Sachs | 0.12% | N/A | $554,408.11 | 520,000 | Corporate High Grade | Banking | United States | 3.85% | A3 | 26-Jan-2027 | 5.82 |
| Becton Dickinson And | 0.12% | -0.01 | $551,352.51 | 415,000 | Corporate High Yield | HY - Healthcare | United States | 3.02% | Ba1 | 24-May-2025 | 4.99 |
| Italy Buoni Poliennali del Tesoro | 0.12% | N/A | $548,011.94 | 422,000 | Government | Foreign Govt & Muni (Excl Canadian) | Italy | 2.80% | Baa3 | 01-Mar-2067 | 28.17 |
| Abertis Infraestructuras | 0.11% | N/A | $543,451.71 | 500,000 | Corporate High Grade | Transportation Services | Spain | 0.63% | NR | 15-Jul-2025 | 5.57 |
| Alexandria Real Estate Equities | 0.11% | -0.01 | $537,730.08 | 490,000 | Corporate High Grade | Real Estate Investment Trust Securities | United States | 4.30% | Baa1 | 15-Jan-2026 | 5.35 |
| Government National Mortgage Assn. | 0.11% | -0.02 | $535,447.35 | 496,565 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 20-Jul-2047 | 2.54 |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 0.11% | -0.01 | $534,084.89 | 490,000 | Corporate High Grade | Financial | Ireland | 4.45% | Baa3 | 03-Apr-2026 | 5.46 |
| Pinnacle Bidco | 0.11% | 0.08 | $526,866.83 | 400,000 | Corporate High Yield | HY-Entertainment & Leisure | United Kingdom | 6.38% | B2 | 15-Feb-2025 | 1.72 |
| New Residential Mortgage Loan Trust 2018-NQM1 | 0.11% | -0.03 | $524,998.83 | 514,214 | Mortgage Backed Securities | Whole Loans Backed | United States | 3.99% | NR | 25-Nov-2048 | 1.08 |
| Sequoia Mortgage Trust 2018-CH3 | 0.11% | -0.03 | $521,866.64 | 509,857 | Mortgage Backed Securities | Whole Loans Backed | United States | 4.00% | Aaa | 25-Aug-2048 | 1.07 |
| Republic of Lithuania | 0.11% | 0.01 | $506,771.86 | 369,000 | Government | Foreign Govt & Muni (Excl Canadian) | Lithuania | 1.63% | A3 | 19-Jun-2049 | 24.92 |
| Realkredit Danmark | 0.11% | -0.01 | $499,048.56 | 3,050,000 | Mortgage Backed Securities | Non - Government Mortgages | Denmark | 2.00% | NR | 01-Apr-2024 | 4.33 |
| American Airlines 2017-2 Class B Pass Through Trust | 0.10% | -0.01 | $496,517.66 | 480,908 | Corporate High Grade | Airlines | United States | 3.70% | Baa3 | 15-Oct-2025 | 3.42 |
| Baidu | 0.10% | N/A | $493,725.75 | 455,000 | Corporate High Grade | Information Technology | China | 4.38% | A3 | 29-Mar-2028 | 7.02 |
| Woodside Finance | 0.10% | -0.01 | $490,594.95 | 476,000 | Corporate High Grade | Exploration & Production | Australia | 3.70% | Baa1 | 15-Mar-2028 | 7.14 |
| HSBC Bank | 0.10% | -0.00 | $490,403.51 | 300,000 | Corporate High Grade | Banking | United Kingdom | 4.75% | Baa1 | 24-Mar-2046 | 16.58 |
| Petroleos Mexicanos | 0.10% | N/A | $489,726.03 | 470,000 | Government | Foreign Govt & Muni (Excl Canadian) | Mexico | 7.69% | Baa3 | 23-Jan-2050 | 11.98 |
| American Airlines 2016-2 Class A Pass Through Trust | 0.10% | -0.00 | $483,605.20 | 458,671 | Corporate High Grade | Airlines | United States | 3.65% | A2 | 15-Jun-2028 | 5.86 |
| Victoria | 0.10% | N/A | $477,800.26 | 420,000 | Corporate High Yield | HY-Building Products | United Kingdom | 5.25% | B1 | 15-Jul-2024 | 2.85 |
| Avantor | 0.10% | N/A | $477,569.83 | 400,000 | Corporate High Yield | HY - Healthcare | United States | 4.75% | Ba2 | 01-Oct-2024 | 1.06 |
| Colfax | 0.10% | N/A | $477,396.96 | 420,000 | Corporate High Yield | HY-Manufacturing | United States | 3.25% | Ba2 | 15-May-2025 | 0.75 |
| Virgin Media Secured Finance | 0.10% | N/A | $472,021.66 | 350,000 | Corporate High Yield | HY-Cable Operators | United Kingdom | 5.25% | Ba3 | 15-May-2029 | 5.29 |
| Fortum | 0.10% | -0.01 | $469,984.87 | 419,000 | Corporate High Grade | Utilities | Finland | 0.88% | NR | 27-Feb-2023 | 3.29 |
| International Game Technology | 0.10% | N/A | $468,698.00 | 400,000 | Corporate High Yield | HY-Gaming | Italy | 3.50% | Ba2 | 15-Jun-2026 | 3.16 |
| Akelius Residential Property | 0.10% | -0.01 | $464,707.66 | 400,000 | Corporate High Grade | Real Estate Investment Trust Securities | Sweden | 1.75% | NR | 07-Feb-2025 | 4.92 |
| Kraton Polymers LLC / Kraton Polymers Capital | 0.10% | -0.01 | $462,742.50 | 395,000 | Corporate High Yield | HY - Chemicals | United States | 5.25% | B3 | 15-May-2026 | 2.33 |
| Slovenia Government Bond | 0.10% | -0.01 | $456,443.32 | 380,000 | Government | Foreign Govt & Muni (Excl Canadian) | Slovenia | 1.00% | Baa1 | 06-Mar-2028 | 8.14 |
| Banco De Sabadell | 0.10% | -0.01 | $453,525.65 | 400,000 | Corporate High Yield | Hy-Banking | Spain | 1.75% | Ba3 | 10-May-2024 | 4.42 |
| Brixmor Operating Partnership | 0.10% | -0.00 | $451,809.23 | 420,000 | Corporate High Grade | Real Estate Investment Trust Securities | United States | 4.13% | Baa3 | 15-Jun-2026 | 5.67 |
| HSBC Holdings | 0.09% | -0.01 | $446,108.06 | 440,000 | Corporate High Grade | Banking | United Kingdom | 2.65% | A2 | 05-Jan-2022 | 2.17 |
| Sequoia Mortgage Trust 2018-CH1 | 0.09% | -0.02 | $440,790.50 | 429,961 | Mortgage Backed Securities | Whole Loans Backed | United States | 3.50% | Aaa | 25-Feb-2048 | 1.82 |
| Freddie Mac Whole Loan Securities Trust | 0.09% | -0.02 | $438,138.10 | 433,571 | Mortgage Backed Securities | Whole Loans Backed | United States | 3.59% | A3 | 25-Dec-2046 | 2.07 |
| Romanian Government International Bond | 0.09% | -0.01 | $435,059.62 | 345,000 | Government | Foreign Govt & Muni (Excl Canadian) | Romania | 2.75% | Baa3 | 29-Oct-2025 | 5.57 |
| Government National Mortgage Assn. | 0.09% | N/A | $426,105.00 | 408,000 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Jan-2036 | 0.46 |
| Government National Mortgage Assn. | 0.09% | N/A | $425,442.19 | 407,000 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Jan-2035 | 0.42 |
| Baidu | 0.09% | N/A | $418,097.16 | 365,000 | Corporate High Grade | Information Technology | China | 4.88% | A3 | 14-Nov-2028 | 7.23 |
| Goldman Sachs | 0.09% | -0.01 | $410,038.24 | 350,000 | Corporate High Grade | Banking | United States | 1.63% | A3 | 27-Jul-2026 | 6.50 |
| Deephaven Residential Mortgage Trust 2018-3 | 0.09% | -0.02 | $409,446.97 | 405,333 | Mortgage Backed Securities | Whole Loans Backed | United States | 3.79% | NR | 25-Aug-2058 | 1.10 |
| ArcelorMittal | 0.08% | -0.01 | $395,415.50 | 339,000 | Corporate High Grade | Metals & Mining | Luxembourg | 2.25% | Baa3 | 17-Jan-2024 | 3.88 |
| Sigma Holdco BV | 0.08% | -0.00 | $392,887.19 | 355,000 | Corporate High Yield | Hy - Financial | Netherlands | 5.75% | B3 | 15-May-2026 | 3.80 |
| Las Vegas Sands | 0.08% | N/A | $389,607.66 | 380,000 | Corporate High Grade | Miscellaneous | United States | 3.20% | Baa3 | 08-Aug-2024 | 4.41 |
| Refinitiv US Holdings | 0.08% | -0.00 | $382,370.50 | 320,000 | Corporate High Yield | HY-Information Technology | United States | 4.50% | B2 | 15-May-2026 | 2.30 |
| Nasdaq | 0.08% | -0.01 | $377,824.07 | 315,000 | Corporate High Grade | Financial | United States | 1.75% | Baa2 | 28-Mar-2029 | 8.68 |
| Federal National Mortgage Assn. | 0.08% | -0.01 | $366,487.32 | 330,956 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Jul-2045 | 3.10 |
| Syngenta Finance | 0.08% | -0.01 | $362,336.80 | 350,000 | Corporate High Yield | Hy-Diversified Chemicals | Switzerland | 3.93% | Ba2 | 23-Apr-2021 | 1.48 |
| Italgas | 0.08% | -0.01 | $361,146.88 | 300,000 | Corporate High Grade | Utilities | Italy | 1.63% | Baa2 | 19-Jan-2027 | 6.89 |
| Bayview Opportunity Master Fund IVb Trust 2017-RT2 | 0.08% | -0.01 | $358,697.85 | 351,174 | Mortgage Backed Securities | Whole Loans Backed | United States | 3.50% | NR | 28-Aug-2057 | 2.13 |
| SF Holding Investment | 0.08% | -0.01 | $358,325.94 | 340,000 | Emerging Market Corporate | Em-Transportation | China | 4.13% | A3 | 26-Jul-2023 | 3.50 |
| Federal National Mortgage Assn. | 0.07% | -0.01 | $352,219.27 | 329,685 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Sep-2043 | 2.74 |
| Avis Budget Rental Car Funding AESOP | 0.07% | -0.01 | $350,551.97 | 350,000 | Asst Backed Securities | Auto Backed | United States | 2.50% | Aaa | 20-Jul-2021 | 0.58 |
| Ubs Group Funding Switzerland | 0.07% | -0.01 | $343,152.07 | 300,000 | Corporate High Grade | Banking | Switzerland | 1.25% | A3 | 17-Apr-2025 | 4.42 |
| Brixmor Operating Partnership | 0.07% | -0.01 | $333,153.89 | 318,000 | Corporate High Grade | Real Estate Investment Trust Securities | United States | 3.88% | Baa3 | 15-Aug-2022 | 2.57 |
| AA Bond | 0.07% | 0.04 | $322,217.89 | 300,000 | Corporate High Yield | HY Services | United Kingdom | 5.50% | NR | 31-Jul-2022 | 2.47 |
| United Airlines 2019-2 Class AA Pass Through Trust | 0.07% | N/A | $321,240.00 | 320,000 | Corporate High Grade | Airlines | United States | 2.70% | Aa3 | 01-May-2032 | 7.96 |
| Towd Point Mortgage Trust 2017-4 | 0.07% | -0.01 | $312,159.63 | 308,242 | Mortgage Backed Securities | Whole Loans Backed | United States | 2.75% | NR | 25-Jun-2057 | 2.50 |
| Government National Mortgage Assn. | 0.07% | N/A | $311,841.68 | 292,590 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 20-Jun-2049 | 1.06 |
| DH Europe Finance II Sarl | 0.07% | N/A | $310,379.13 | 285,000 | Corporate High Grade | Manufacturing | United States | 0.75% | Baa1 | 18-Sep-2031 | 11.47 |
| Synchrony Financial | 0.07% | N/A | $309,039.98 | 305,000 | Corporate High Grade | Financial | United States | 2.85% | NR | 25-Jul-2022 | 2.62 |
| Deephaven Residential Mortgage Trust 2018-2 | 0.06% | -0.03 | $303,446.50 | 299,709 | Mortgage Backed Securities | Whole Loans Backed | United States | 3.48% | NR | 25-Apr-2058 | 1.14 |
| Federal National Mortgage Assn. | 0.06% | -0.01 | $300,213.96 | 283,958 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Feb-2047 | 2.67 |
| GTP Acquisition Partners I | 0.06% | -0.00 | $300,156.65 | 300,000 | Corporate High Grade | Wireless Communications | United States | 2.35% | Aaa | 15-Jun-2020 | 0.69 |
| Government National Mortgage Assn. | 0.06% | -0.01 | $297,188.60 | 282,950 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 20-Jun-2047 | 1.59 |
| Norway Government Bond | 0.06% | -0.01 | $296,816.11 | 2,610,000 | Government | Foreign Govt & Muni (Excl Canadian) | Norway | 2.00% | Aaa | 24-May-2023 | 3.51 |
| Federal National Mortgage Assn. | 0.06% | -0.01 | $293,434.87 | 273,814 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Nov-2041 | 2.65 |
| Ukraine Railways Via Rail Capital Markets | 0.06% | N/A | $289,346.18 | 270,000 | Corporate High Grade | Transportation | Ukraine | 8.25% | NR | 09-Jul-2024 | 3.85 |
| Brixmor Operating Partnership | 0.06% | -0.00 | $281,597.20 | 268,000 | Corporate High Grade | Real Estate Investment Trust Securities | United States | 3.65% | Baa3 | 15-Jun-2024 | 4.17 |
| Vesteda Finance BV | 0.06% | -0.01 | $279,759.78 | 239,000 | Corporate High Grade | Real Estate Investment Trust Securities | Netherlands | 1.50% | NR | 24-May-2027 | 7.11 |
| Australia Government Bond | 0.06% | -0.00 | $273,589.80 | 310,000 | Government | Foreign Govt & Muni (Excl Canadian) | Australia | 3.00% | Aaa | 21-Mar-2047 | 20.44 |
| Bankia | 0.06% | -0.01 | $273,226.58 | 200,000 | Mortgage Backed Securities | Non - Government Mortgages | Spain | 4.00% | Aa1 | 03-Feb-2025 | 4.87 |
| mo Fisher Scientific | 0.06% | N/A | $272,476.35 | 250,000 | Corporate High Grade | Healthcare | United States | 0.88% | Baa1 | 01-Oct-2031 | 11.43 |
| Santander UK Group Holdings | 0.06% | -0.01 | $268,983.48 | 200,000 | Corporate High Grade | Banking | United Kingdom | 3.63% | Baa1 | 14-Jan-2026 | 5.60 |
| Australia Government Bond | 0.06% | -0.00 | $267,762.22 | 284,000 | Government | Foreign Govt & Muni (Excl Canadian) | Australia | 3.75% | Aaa | 21-Apr-2037 | 13.76 |
| Danske Bank | 0.06% | -0.01 | $266,077.45 | 230,000 | Corporate High Grade | Banking | Denmark | 2.50% | NR | 21-Jun-2029 | 4.46 |
| Dexia Credit Local | 0.06% | -0.00 | $265,170.87 | 200,000 | Agency/Supranationals | Foreign Agency | France | 2.13% | Aa3 | 12-Feb-2025 | 5.05 |
| Avolon Holdings Funding | 0.06% | -0.00 | $264,405.14 | 250,000 | Corporate High Grade | Financial | Ireland | 4.38% | Baa3 | 01-May-2026 | 5.52 |
| Fannie Mae Connecticut Avenue Securities | 0.06% | -0.02 | $263,110.96 | 262,897 | Mortgage Backed Securities | Whole Loans Backed | United States | 2.70% | NR | 25-Oct-2030 | 0.08 |
| Volkswagen Financial Services | 0.05% | -0.00 | $255,776.93 | 200,000 | Corporate High Grade | Automotive | Germany | 2.25% | A3 | 12-Apr-2025 | 5.16 |
| Government National Mortgage Assn. | 0.05% | -0.01 | $255,283.88 | 236,746 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 20-Sep-2047 | 1.86 |
| 280 Park Avenue 2017-280P Mortgage Trust | 0.05% | -0.00 | $250,771.41 | 250,000 | Mortgage Backed Securities | Commercial Mortgage Backed Securities | United States | 3.11% | NR | 15-Sep-2034 | 0.03 |
| Danske Bank | 0.05% | -0.06 | $245,007.60 | 217,000 | Corporate High Grade | Banking | Denmark | 0.50% | A2 | 06-May-2021 | 1.59 |
| Government National Mortgage Assn. | 0.05% | N/A | $244,804.72 | 230,158 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 20-Dec-2048 | 1.38 |
| Bpce | 0.05% | -0.00 | $234,106.51 | 200,000 | Corporate High Grade | Banking | France | 1.38% | Baa2 | 23-Mar-2026 | 6.20 |
| Credit Agricole SA/London | 0.05% | -0.01 | $232,717.18 | 200,000 | Corporate High Grade | Banking | France | 1.38% | Baa1 | 13-Mar-2025 | 5.25 |
| Caixabank | 0.05% | -0.01 | $228,134.35 | 200,000 | Corporate High Grade | Banking | Spain | 1.13% | Baa1 | 17-May-2024 | 4.51 |
| Residomo SRO | 0.05% | 0.02 | $227,613.55 | 200,000 | Corporate High Yield | Hy - Real Estate Investment Trust Securities | Czech Republic | 3.38% | Ba3 | 15-Oct-2024 | 1.35 |
| Ard Finance | 0.05% | -0.01 | $226,557.44 | 200,000 | Corporate High Yield | HY-Container | Luxembourg | 6.63% | Caa2 | 15-Sep-2023 | 3.44 |
| Horizon Parent Holdings Sarl | 0.05% | -0.01 | $225,768.64 | 200,000 | Corporate High Yield | HY-Container | Luxembourg | 8.25% | NR | 15-Feb-2022 | 0.03 |
| DH Europe Finance II Sarl | 0.05% | N/A | $222,901.32 | 205,000 | Corporate High Grade | Manufacturing | United States | 0.45% | Baa1 | 18-Mar-2028 | 8.24 |
| Codere Finance 2 Luxembourg | 0.05% | -0.01 | $221,857.80 | 200,000 | Corporate High Yield | HY-Gaming | Argentina | 6.75% | B3 | 01-Nov-2021 | 1.53 |
| Federal National Mortgage Assn. | 0.05% | -0.00 | $214,310.03 | 208,013 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Nov-2036 | 4.12 |
| Government National Mortgage Assn. | 0.04% | -0.01 | $208,726.18 | 200,989 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-Aug-2045 | 2.93 |
| mo Fisher Scientific | 0.04% | N/A | $206,454.65 | 190,000 | Corporate High Grade | Healthcare | United States | 0.13% | Baa1 | 01-Mar-2025 | 5.36 |
| Becton Dickinson And | 0.04% | -0.00 | $203,186.16 | 190,000 | Corporate High Yield | HY - Healthcare | United States | 3.73% | Ba1 | 15-Dec-2024 | 4.53 |
| Celgene | 0.04% | -0.00 | $200,307.59 | 185,000 | Corporate High Grade | Drugs | United States | 3.88% | Baa2 | 15-Aug-2025 | 5.09 |
| Federal National Mortgage Assn. | 0.04% | -0.00 | $196,550.60 | 187,129 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Mar-2043 | 3.74 |
| Federal National Mortgage Assn. | 0.04% | -0.01 | $192,172.66 | 176,766 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-May-2048 | 2.37 |
| Cirsa Finance International Sarl | 0.04% | -0.01 | $188,890.07 | 160,000 | Corporate High Yield | HY-Gaming | Spain | 6.25% | B2 | 20-Dec-2023 | 0.71 |
| ArcelorMittal | 0.04% | -0.02 | $173,265.08 | 165,000 | Corporate High Grade | Metals & Mining | Luxembourg | 4.55% | Baa3 | 11-Mar-2026 | 5.56 |
| Israel Government International Bond | 0.03% | -0.00 | $163,776.79 | 130,000 | Government | Foreign Govt & Muni (Excl Canadian) | Israel | 2.88% | A1 | 29-Jan-2024 | 4.08 |
| Federal Home Loan Mortgage | 0.03% | -0.00 | $159,923.41 | 154,851 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Dec-2042 | 4.95 |
| Government National Mortgage Assn. | 0.03% | -0.00 | $157,018.70 | 149,422 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 20-Jan-2048 | 3.36 |
| Federal National Mortgage Assn. | 0.03% | -0.00 | $156,213.20 | 150,983 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Nov-2036 | 4.25 |
| Federal National Mortgage Assn. | 0.03% | -0.00 | $150,494.48 | 143,263 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Jun-2047 | 2.12 |
| European Stability Mechanism | 0.03% | -0.22 | $147,920.79 | 96,000 | Government | Foreign Govt & Muni (Excl Canadian) | SNAT (Supe Natl Wrld Global) | 1.75% | Aa1 | 20-Oct-2045 | 22.26 |
| Fiserv | 0.03% | -0.00 | $143,271.84 | 130,000 | Corporate High Grade | Information Technology | United States | 0.38% | Baa2 | 01-Jul-2023 | 3.67 |
| Federal National Mortgage Assn. | 0.03% | N/A | $142,421.87 | 132,367 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-May-2049 | 2.19 |
| Occidental Petroleum | 0.03% | N/A | $139,703.48 | 135,000 | Corporate High Grade | Petroleum | United States | 4.40% | Baa3 | 15-Aug-2049 | 16.74 |
| Towd Point Mortgage Trust 2018-1 | 0.03% | -0.00 | $138,359.31 | 135,904 | Mortgage Backed Securities | Whole Loans Backed | United States | 3.00% | Aaa | 25-Jan-2058 | 2.78 |
| Great Wolf Trust 2017-WOLF | 0.03% | -0.04 | $135,253.99 | 135,000 | Mortgage Backed Securities | Commercial Mortgage Backed Securities | United States | 2.88% | NR | 15-Sep-2034 | 0.03 |
| Intesa Sanpaolo | 0.03% | -0.00 | $133,111.75 | 100,000 | Mortgage Backed Securities | Non - Government Mortgages | Italy | 3.38% | Aa3 | 24-Jan-2025 | 4.91 |
| Government National Mortgage Assn. | 0.03% | -0.00 | $132,956.04 | 124,939 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 20-Sep-2042 | 3.66 |
| Travis Perkins | 0.03% | -0.00 | $130,608.59 | 100,000 | Corporate High Yield | Hy-Industrial Other | United Kingdom | 4.50% | NR | 07-Sep-2023 | 3.63 |
| Federal National Mortgage Assn. | 0.03% | -0.00 | $125,655.17 | 121,664 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Mar-2043 | 5.13 |
| Credit Suisse | 0.03% | -0.00 | $125,379.37 | 100,000 | Corporate High Grade | Banking | Switzerland | 2.13% | Baa2 | 12-Sep-2025 | 4.70 |
| Federal National Mortgage Assn. | 0.03% | -0.00 | $123,227.25 | 117,470 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Apr-2045 | 3.64 |
| Boral Finance Pty | 0.03% | -0.00 | $121,832.00 | 120,000 | Corporate High Grade | Building Products | Australia | 3.00% | Baa2 | 01-Nov-2022 | 2.85 |
| Banco Bilbao Vizcaya Argentaria | 0.02% | -0.00 | $117,410.50 | 100,000 | Corporate High Grade | Banking | Spain | 2.58% | Baa3 | 22-Feb-2029 | 4.13 |
| Loxam SAS | 0.02% | -0.00 | $116,753.47 | 100,000 | Corporate High Yield | HY Services | France | 6.00% | NR | 15-Apr-2025 | 1.01 |
| Indonesia Government International Bond | 0.02% | -0.00 | $115,354.93 | 100,000 | Government | Foreign Govt & Muni (Excl Canadian) | Indonesia | 2.88% | Baa2 | 08-Jul-2021 | 1.74 |
| Towd Point Mortgage Trust 2017-1 | 0.02% | -0.00 | $115,060.54 | 113,470 | Mortgage Backed Securities | Whole Loans Backed | United States | 2.75% | Aaa | 25-Oct-2056 | 1.93 |
| BAT Capital | 0.02% | -0.00 | $112,711.74 | 100,000 | Corporate High Grade | Food/Tobacco | United Kingdom | 1.13% | Baa2 | 16-Nov-2023 | 3.90 |
| Federal National Mortgage Assn. | 0.02% | -0.01 | $112,427.18 | 106,236 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Sep-2048 | 1.87 |
| Inter Media & Communication | 0.02% | -0.00 | $111,717.41 | 97,917 | Corporate High Yield | HY-Broadcasting | Italy | 4.88% | NR | 31-Dec-2022 | 0.25 |
| Royal Bank Of Scotland | 0.02% | -0.00 | $110,002.96 | 100,000 | Corporate High Grade | Banking | United Kingdom | 6.13% | Baa3 | 15-Dec-2022 | 2.87 |
| Government National Mortgage Assn. | 0.02% | N/A | $106,955.94 | 100,506 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 20-Jun-2043 | 3.83 |
| Woodside Finance | 0.02% | -0.00 | $103,326.17 | 100,000 | Corporate High Grade | Exploration & Production | Australia | 3.65% | Baa1 | 05-Mar-2025 | 4.76 |
| Promontoria Holding 264 BV | 0.02% | -0.00 | $102,488.30 | 100,000 | Corporate High Yield | HY Services | Netherlands | 6.75% | B2 | 15-Aug-2023 | 3.16 |
| Federal Home Loan Mortgage | 0.02% | -0.00 | $100,270.99 | 94,966 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Mar-2046 | 3.67 |
| Federal Home Loan Mortgage | 0.02% | -0.00 | $96,044.15 | 91,406 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Nov-2042 | 3.38 |
| Occidental Petroleum | 0.02% | N/A | $91,216.10 | 90,000 | Corporate High Grade | Petroleum | United States | 3.20% | Baa3 | 15-Aug-2026 | 6.04 |
| Federal Home Loan Mortgage | 0.02% | -0.00 | $89,252.86 | 84,927 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Mar-2044 | 3.70 |
| Freddie Mac REMICS | 0.02% | -0.00 | $80,690.71 | 80,357 | Mortgage Backed Securities | Agency Bkd CMO | United States | 2.53% | NR | 15-Sep-2046 | 0.67 |
| Government National Mortgage Assn. | 0.02% | -0.00 | $78,628.73 | 73,888 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 20-Jul-2042 | 3.66 |
| COMM 2015-LC21 Mortgage Trust | 0.02% | -0.00 | $76,502.88 | 70,000 | Mortgage Backed Securities | Commercial Mortgage Backed Securities | United States | 4.44% | NR | 10-Jul-2048 | 5.05 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $68,310.22 | 65,387 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Nov-2045 | 2.81 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $66,579.29 | 61,273 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Nov-2047 | 2.45 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $64,183.08 | 59,354 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Jan-2044 | 3.30 |
| COLT 2018-1 Mortgage Loan Trust | 0.01% | -0.00 | $63,209.20 | 62,939 | Mortgage Backed Securities | Whole Loans Backed | United States | 2.93% | NR | 25-Feb-2048 | 1.49 |
| Government National Mortgage Assn. | 0.01% | N/A | $62,520.96 | 59,847 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 20-Aug-2048 | 0.75 |
| Towd Point Mortgage Trust 2016-2 | 0.01% | -0.00 | $62,172.78 | 61,735 | Mortgage Backed Securities | Home Equity Loans Backed | United States | 2.75% | Aaa | 25-Aug-2055 | 2.08 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $60,546.19 | 57,165 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Mar-2046 | 2.67 |
| COMM 2016-CR28 Mortgage Trust | 0.01% | N/A | $60,505.32 | 57,272 | Mortgage Backed Securities | Commercial Mortgage Backed Securities | United States | 3.65% | Aaa | 10-Feb-2049 | 4.45 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $59,312.30 | 56,364 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-May-2042 | 2.90 |
| Federal National Mortgage Assn. | 0.01% | -0.02 | $58,883.13 | 56,061 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Oct-2042 | 3.42 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $58,209.45 | 54,752 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Jun-2046 | 3.79 |
| Nationwide Building Society | 0.01% | -0.00 | $58,144.80 | 50,000 | Corporate High Grade | Banking | United Kingdom | 6.75% | Baa1 | 22-Jul-2020 | 0.81 |
| Government National Mortgage Association | 0.01% | -0.00 | $58,002.26 | 55,909 | Mortgage Backed Securities | Agency Bkd CMO | United States | 3.00% | NR | 20-Dec-2047 | 0.32 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $57,072.65 | 53,246 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Aug-2042 | 2.60 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $56,920.31 | 54,006 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Jul-2044 | 1.83 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $55,311.67 | 52,665 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Sep-2042 | 3.18 |
| Government National Mortgage Assn. | 0.01% | -0.00 | $54,662.35 | 51,940 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 20-Feb-2046 | 4.48 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $54,336.28 | 48,996 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Jul-2035 | 3.70 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $52,003.10 | 49,138 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Jan-2046 | 2.67 |
| Federal Home Loan Mortgage | 0.01% | -0.00 | $51,638.17 | 49,016 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Sep-2042 | 3.38 |
| Government National Mortgage Assn. | 0.01% | -0.00 | $48,320.62 | 45,901 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 20-May-2045 | 4.06 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $47,816.88 | 43,118 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Mar-2034 | 3.56 |
| Government National Mortgage Assn. | 0.01% | N/A | $45,501.69 | 43,204 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 20-Apr-2048 | 2.43 |
| Government National Mortgage Assn. | 0.01% | -0.00 | $44,816.19 | 43,348 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-Jul-2046 | 5.50 |
| Federal Home Loan Mortgage | 0.01% | -0.00 | $43,896.81 | 41,814 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Sep-2042 | 3.38 |
| Federal Home Loan Mortgage | 0.01% | -0.00 | $42,929.16 | 40,033 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Dec-2040 | 2.45 |
| Federal Home Loan Mortgage | 0.01% | -0.00 | $41,682.80 | 39,569 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Aug-2042 | 3.38 |
| Mill City Mortgage Loan Trust 2016-1 | 0.01% | -0.00 | $40,643.34 | 40,396 | Mortgage Backed Securities | Whole Loans Backed | United States | 2.50% | Aaa | 25-Apr-2057 | 1.55 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $40,335.49 | 38,103 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Oct-2045 | 2.67 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $39,230.98 | 38,031 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Aug-2043 | 3.99 |
| COMM 2015-PC1 Mortgage Trust | 0.01% | -0.00 | $37,818.08 | 35,000 | Mortgage Backed Securities | Commercial Mortgage Backed Securities | United States | 4.58% | NR | 10-Jul-2050 | 5.03 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $37,456.14 | 35,390 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Nov-2045 | 2.67 |
| Government National Mortgage Assn. | 0.01% | -0.00 | $36,839.26 | 34,832 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 20-Mar-2043 | 4.29 |
| Enterprise Fleet Financing | 0.01% | -0.01 | $36,824.58 | 36,810 | Asst Backed Securities | Auto Backed | United States | 2.13% | NR | 20-Jul-2022 | 0.21 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $36,432.16 | 34,377 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Dec-2045 | 2.67 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $36,399.51 | 33,454 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Feb-2041 | 2.55 |
| Government National Mortgage Assn. | 0.01% | -0.00 | $36,326.06 | 34,136 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 20-Jan-2043 | 3.66 |
| Fannie Mae REMICS | 0.01% | -0.00 | $35,853.28 | 35,844 | Mortgage Backed Securities | Agency Bkd CMO | United States | 2.52% | NR | 25-Sep-2046 | 0.77 |
| Towd Point Mortgage Trust 2015-5 | 0.01% | -0.00 | $34,065.04 | 33,788 | Mortgage Backed Securities | Whole Loans Backed | United States | 2.75% | Aaa | 25-May-2055 | 1.46 |
| Government National Mortgage Assn. | 0.01% | -0.00 | $33,943.14 | 31,472 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 20-Aug-2047 | 2.54 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $33,545.82 | 32,658 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Nov-2046 | 4.36 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $32,073.09 | 29,932 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Dec-2042 | 3.13 |
| Mmaf Equipment Finance Llc 2014 | 0.01% | -0.00 | $30,819.58 | 30,868 | Asst Backed Securities | Equip Lease Heavy Duty | United States | 1.59% | Aaa | 08-Feb-2022 | 0.34 |
| Freddie Mac Structured Agency Credit Risk debt Notes | 0.01% | -0.00 | $30,755.63 | 30,495 | Mortgage Backed Securities | Whole Loans Backed | United States | 3.98% | Baa3 | 25-Sep-2047 | 0.88 |
| Government National Mortgage Assn. | 0.01% | -0.00 | $30,250.23 | 28,708 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 15-Sep-2041 | 3.51 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $30,150.12 | 26,062 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Dec-2035 | 3.74 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $29,735.01 | 28,303 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Jan-2043 | 4.15 |
| Towd Point Mortgage Trust 2015-4 | 0.01% | -0.00 | $29,026.46 | 28,907 | Mortgage Backed Securities | Whole Loans Backed | United States | 2.75% | Aaa | 25-Apr-2055 | 1.75 |
| Federal Home Loan Mortgage | 0.01% | -0.00 | $28,464.70 | 26,548 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Feb-2041 | 2.19 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $28,334.10 | 27,354 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Dec-2036 | 4.44 |
| Freddie Mac REMICS | 0.01% | -0.00 | $27,955.18 | 27,835 | Mortgage Backed Securities | Agency Bkd CMO | United States | 2.53% | NR | 15-Feb-2047 | 0.55 |
| Government National Mortgage Assn. | 0.01% | -0.00 | $27,265.84 | 26,404 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-Jul-2046 | 4.90 |
| Government National Mortgage Assn. | 0.01% | -0.00 | $26,420.83 | 25,105 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 20-Oct-2044 | 4.25 |
| Government National Mortgage Assn. | 0.01% | -0.00 | $25,606.55 | 22,758 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 20-Jun-2044 | 4.08 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $25,269.85 | 23,578 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Feb-2041 | 2.51 |
| Federal National Mortgage Assn. | 0.01% | -0.00 | $24,364.57 | 23,522 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Nov-2036 | 4.33 |
| Federal Home Loan Mortgage | 0.01% | -0.00 | $24,105.71 | 22,111 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-May-2042 | 3.68 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $23,491.56 | 22,952 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Aug-2043 | 4.09 |
| Towd Point Mortgage Trust 2015-3 | 0.00% | -0.00 | $23,002.02 | 22,829 | Mortgage Backed Securities | Home Equity Loans Backed | United States | 3.00% | Aaa | 25-Mar-2054 | 1.21 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $22,851.55 | 20,969 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 20-Jul-2039 | 3.32 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $22,816.94 | 22,106 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-Jun-2046 | 3.93 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $22,288.79 | 21,029 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Oct-2044 | 2.46 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $22,034.54 | 21,348 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Nov-2042 | 4.55 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $22,001.19 | 21,312 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-Aug-2046 | 5.53 |
| SLM Student Loan Trust 2008-9 | 0.00% | -0.00 | $20,939.11 | 20,685 | Mortgage Backed Securities | Asset Backed Other | United States | 3.78% | Baa3 | 25-Apr-2023 | 0.08 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $20,814.03 | 18,755 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Apr-2040 | 3.10 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $20,502.21 | 19,802 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-Jul-2046 | 5.94 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $20,481.69 | 19,150 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 20-Jul-2042 | 4.32 |
| GS Mortgage-Backed Securities Trust | 0.00% | -0.00 | $20,240.18 | 20,213 | Mortgage Backed Securities | Whole Loans Backed | United States | 2.45% | NR | 25-Jul-2044 | 0.49 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $20,058.06 | 19,053 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 20-May-2045 | 3.81 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $19,938.03 | 18,318 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Feb-2041 | 2.54 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $19,427.88 | 18,791 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-Jul-2046 | 5.46 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $19,023.34 | 18,441 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Oct-2046 | 4.74 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $18,958.12 | 18,441 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-May-2046 | 5.62 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $18,680.63 | 18,118 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 15-Dec-2042 | 4.49 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $18,630.45 | 17,995 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-May-2046 | 5.86 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $18,186.94 | 17,629 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Apr-2045 | 4.70 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $18,049.88 | 17,486 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-Sep-2046 | 5.48 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $17,904.66 | 17,008 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 20-Jan-2046 | 4.62 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $17,790.23 | 17,217 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-Jul-2046 | 5.19 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $17,665.38 | 17,125 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Sep-2044 | 4.30 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $17,197.05 | 16,395 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Jan-2046 | 3.45 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $17,015.34 | 15,633 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Feb-2041 | 2.54 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $16,324.43 | 15,542 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Aug-2042 | 3.07 |
| Hilton Grand Vacations Trust 2014 | 0.00% | -0.00 | $16,309.09 | 16,368 | Mortgage Backed Securities | Asset Backed Other | United States | 1.77% | NR | 25-Nov-2026 | 0.69 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $16,142.03 | 14,210 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 01-Jul-2036 | 3.75 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $15,918.26 | 14,631 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Apr-2042 | 2.34 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $15,723.88 | 14,934 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Sep-2043 | 4.40 |
| Wells Fargo Commercial Mortgage Trust 2015-NXS2 | 0.00% | -0.00 | $15,706.02 | 15,000 | Mortgage Backed Securities | Loan/Bond Backed | United States | 4.39% | NR | 15-Jul-2058 | 5.10 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $15,667.04 | 14,782 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Oct-2044 | 2.46 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $15,640.53 | 15,179 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Mar-2043 | 3.94 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $15,132.91 | 14,092 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Nov-2040 | 2.25 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $14,952.38 | 14,487 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Feb-2043 | 4.29 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $14,866.10 | 12,855 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Feb-2034 | 3.57 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $14,577.90 | 14,127 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Jun-2043 | 4.08 |
| Sierra Timeshare 2015-3 Receivables Funding | 0.00% | -0.00 | $14,529.34 | 14,510 | Mortgage Backed Securities | Asset Backed Other | United States | 2.58% | NR | 20-Sep-2032 | 1.26 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $14,183.86 | 13,223 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Dec-2041 | 2.48 |
| Freddie Mac REMICS | 0.00% | -0.00 | $13,592.31 | 13,575 | Mortgage Backed Securities | Agency Bkd CMO | United States | 2.53% | NR | 15-Oct-2046 | 0.69 |
| Elara Hgv Timeshare Issuer 2014 | 0.00% | -0.00 | $13,334.14 | 13,334 | Mortgage Backed Securities | Asset Backed Other | United States | 2.53% | NR | 25-Feb-2027 | 1.20 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $13,178.24 | 12,288 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Dec-2040 | 2.45 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $13,086.98 | 12,810 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Jun-2033 | 3.43 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $13,051.12 | 12,430 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Jul-2043 | 3.59 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $12,926.12 | 12,531 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Feb-2043 | 4.07 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $12,827.11 | 12,212 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Jun-2042 | 3.11 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $12,693.76 | 12,402 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Feb-2044 | 3.78 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $12,638.84 | 11,817 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 20-May-2041 | 3.77 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $11,968.81 | 11,582 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-Aug-2046 | 6.12 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $11,885.25 | 10,820 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 20-Sep-2040 | 3.51 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $11,624.79 | 10,606 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 20-Feb-2040 | 3.32 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $11,599.33 | 10,055 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Sep-2038 | 3.65 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $11,563.87 | 9,979 | Mortgage Backed Securities | Mortgages | United States | 6.50% | NR | 01-Oct-2037 | 3.73 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $11,296.14 | 10,745 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Apr-2043 | 3.42 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $11,256.77 | 10,701 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Aug-2043 | 3.40 |
| Morgan Stanley Capital I Trust 2015-MS1 | 0.00% | -0.00 | $10,845.83 | 10,000 | Mortgage Backed Securities | Commercial Mortgage Backed Securities | United States | 4.17% | Aa1 | 15-May-2048 | 5.03 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $10,658.54 | 9,382 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 01-Dec-2035 | 3.75 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $10,627.70 | 9,775 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Sep-2039 | 2.50 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $10,593.70 | 9,322 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 01-Mar-2037 | 3.77 |
| Sierra Timeshare 2015-1 Receivables Funding | 0.00% | -0.00 | $10,392.35 | 10,389 | Mortgage Backed Securities | Asset Backed Other | United States | 2.40% | NR | 22-Mar-2032 | 0.82 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $9,502.88 | 9,192 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 20-Jul-2046 | 5.63 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $9,351.19 | 8,418 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Apr-2040 | 2.77 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $9,329.58 | 8,705 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Apr-2041 | 2.51 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $9,003.14 | 8,273 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Oct-2039 | 2.48 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $8,608.10 | 7,761 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Jun-2035 | 3.70 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $8,574.63 | 8,193 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Oct-2026 | 1.64 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $8,387.17 | 7,718 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Jun-2039 | 2.50 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $8,300.07 | 7,490 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Feb-2038 | 3.70 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $8,145.47 | 7,892 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Feb-2043 | 4.82 |
| Freddie Mac REMICS | 0.00% | -0.00 | $7,894.07 | 7,887 | Mortgage Backed Securities | Agency Bkd CMO | United States | 2.48% | NR | 15-Oct-2046 | 0.68 |
| GKN Holdings | 0.00% | -0.00 | $7,875.73 | 6,000 | Corporate High Yield | HY-Automotive | United Kingdom | 6.75% | Ba1 | 28-Oct-2019 | 0.07 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $7,721.23 | 7,093 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Mar-2040 | 2.18 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $7,444.10 | 6,642 | Mortgage Backed Securities | Mortgages | United States | 6.50% | NR | 01-Nov-2034 | 3.60 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $7,358.75 | 7,027 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Nov-2024 | 1.61 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $7,221.39 | 6,502 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 20-Jun-2040 | 3.75 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $7,124.29 | 6,747 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Mar-2044 | 4.42 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $7,115.81 | 6,403 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 20-Oct-2040 | 3.75 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $7,075.08 | 6,226 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 01-Dec-2038 | 3.61 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $7,059.89 | 6,355 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 20-Nov-2039 | 3.62 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $6,998.33 | 6,650 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Aug-2043 | 3.59 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $6,724.08 | 6,352 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Sep-2045 | 2.67 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $6,617.91 | 6,287 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Apr-2043 | 4.30 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $6,602.02 | 6,066 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Jul-2039 | 2.48 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $5,873.60 | 5,170 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 01-Nov-2034 | 3.75 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $5,781.88 | 5,214 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Oct-2034 | 3.56 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $5,385.98 | 5,023 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Jan-2041 | 2.45 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $5,024.78 | 4,536 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Apr-2041 | 3.36 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $4,949.40 | 4,333 | Mortgage Backed Securities | Mortgages | United States | 6.50% | NR | 01-Jul-2032 | 3.37 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $4,692.07 | 4,230 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-May-2038 | 3.75 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $4,687.34 | 4,045 | Mortgage Backed Securities | Mortgages | United States | 6.50% | NR | 01-Aug-2038 | 3.49 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $4,619.32 | 4,379 | Mortgage Backed Securities | Mortgages | United States | 3.50% | NR | 01-Jun-2043 | 4.41 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $4,595.29 | 4,141 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Jul-2040 | 3.04 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $4,556.55 | 4,102 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 20-May-2040 | 3.75 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $4,095.95 | 3,693 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Feb-2038 | 3.70 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $4,073.97 | 3,522 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Aug-2034 | 3.57 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $4,038.70 | 3,645 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Jun-2041 | 3.10 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $3,679.90 | 3,587 | Mortgage Backed Securities | Mortgages | United States | 3.00% | NR | 01-Apr-2033 | 3.09 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $3,600.60 | 3,112 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Oct-2038 | 3.65 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $3,477.54 | 3,007 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Feb-2034 | 3.45 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $3,440.97 | 3,211 | Mortgage Backed Securities | Mortgages | United States | 4.00% | NR | 01-Jan-2041 | 2.51 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $3,311.30 | 2,920 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 01-May-2039 | 3.69 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $3,139.73 | 2,719 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Aug-2038 | 3.85 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $3,107.72 | 2,830 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 20-Mar-2041 | 3.78 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $2,935.32 | 2,794 | Mortgage Backed Securities | Mortgages | United States | 4.32% | NR | 01-Nov-2035 | 0.91 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $2,922.33 | 2,527 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Dec-2033 | 3.42 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $2,828.71 | 2,450 | Mortgage Backed Securities | Mortgages | United States | 6.50% | NR | 01-Dec-2032 | 3.37 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $2,823.50 | 2,582 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 20-Nov-2039 | 3.32 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $2,803.14 | 2,528 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Feb-2034 | 3.56 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $2,608.41 | 2,351 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 20-Mar-2041 | 3.75 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $2,574.72 | 2,322 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Mar-2034 | 3.56 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $2,536.05 | 2,198 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Feb-2037 | 3.65 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $2,319.28 | 2,091 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Jul-2035 | 3.70 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $2,314.33 | 2,159 | Mortgage Backed Securities | Adj. Rate Mortgages | United States | 5.20% | NR | 01-Feb-2037 | 0.60 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $2,263.83 | 1,957 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Sep-2039 | 3.68 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $2,236.12 | 1,922 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 20-Aug-2034 | 3.78 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $2,193.89 | 1,896 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Oct-2038 | 3.68 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $2,100.22 | 1,816 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Mar-2033 | 3.45 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $2,020.74 | 1,747 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Mar-2037 | 3.74 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $2,003.06 | 1,763 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 01-Feb-2038 | 3.77 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,895.92 | 1,708 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Sep-2040 | 3.10 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,881.02 | 1,630 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Feb-2037 | 3.74 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,734.86 | 1,630 | Mortgage Backed Securities | Mortgages | United States | 4.52% | NR | 01-Aug-2036 | 1.03 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,677.38 | 1,542 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Feb-2040 | 2.55 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,565.23 | 1,412 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Jul-2033 | 3.56 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,537.59 | 1,386 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Mar-2036 | 3.75 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,482.57 | 1,282 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-May-2033 | 3.45 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $1,479.38 | 1,295 | Mortgage Backed Securities | Mortgages | United States | 6.50% | NR | 01-Aug-2032 | 3.36 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,408.74 | 1,321 | Mortgage Backed Securities | Mortgages | United States | 4.92% | NR | 01-Dec-2036 | 0.41 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,281.83 | 1,128 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 01-Apr-2036 | 3.77 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,203.64 | 1,162 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Oct-2021 | 0.42 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,150.41 | 987 | Mortgage Backed Securities | Mortgages | United States | 7.00% | NR | 01-Dec-2029 | 2.86 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $1,075.42 | 953 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 20-Feb-2036 | 3.69 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,054.87 | 928 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 01-Apr-2035 | 3.77 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $1,052.04 | 910 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Aug-2038 | 3.86 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,037.32 | 991 | Mortgage Backed Securities | Mortgages | United States | 4.30% | NR | 01-Dec-2035 | 0.61 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $1,013.80 | 877 | Mortgage Backed Securities | Mortgages | United States | 6.50% | NR | 01-Nov-2036 | 3.67 |
| Government National Mortgage Assn. | 0.00% | -0.00 | $1,010.24 | 870 | Mortgage Backed Securities | Mortgages | United States | 6.50% | NR | 20-Dec-2033 | 3.89 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $948.54 | 855 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Feb-2036 | 3.75 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $945.60 | 836 | Mortgage Backed Securities | Mortgages | United States | 6.50% | NR | 01-Jul-2032 | 3.37 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $887.91 | 839 | Mortgage Backed Securities | Adj. Rate Mortgages | United States | 4.85% | NR | 01-Nov-2036 | 0.53 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $880.05 | 832 | Mortgage Backed Securities | Adj. Rate Mortgages | United States | 4.78% | NR | 01-Jan-2037 | 0.61 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $821.04 | 740 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Mar-2036 | 3.75 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $807.65 | 698 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-May-2038 | 3.68 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $789.72 | 711 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Dec-2039 | 3.17 |
| Federal National Mortgage Assn. | 0.00% | -0.00 | $777.27 | 701 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Aug-2040 | 3.10 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $767.98 | 664 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Apr-2035 | 3.70 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $749.40 | 743 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Jun-2022 | 1.10 |
| Federal Home Loan Mortgage | 0.00% | 0.00 | $727.05 | 679 | Mortgage Backed Securities | Adj. Rate Mortgages | United States | 4.93% | NR | 01-Dec-2036 | 0.59 |
| Federal Home Loan Mortgage | 0.00% | 0.00 | $696.42 | 614 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 01-Dec-2039 | 3.83 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $640.11 | 577 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Aug-2040 | 3.10 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $595.64 | 524 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 01-Aug-2037 | 3.77 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $594.25 | 535 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Apr-2040 | 3.10 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $579.66 | 523 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Jun-2035 | 3.75 |
| Government National Mortgage Assn. | 0.00% | N/A | $501.15 | 486 | Mortgage Backed Securities | Mortgages | United States | 7.50% | NR | 15-Jan-2030 | 3.02 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $494.47 | 441 | Mortgage Backed Securities | Mortgages | United States | 6.50% | NR | 01-Mar-2037 | 3.73 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $418.02 | 403 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Feb-2021 | 0.42 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $410.75 | 391 | Mortgage Backed Securities | Mortgages | United States | 4.28% | NR | 01-Sep-2037 | 0.99 |
| Federal Home Loan Mortgage | 0.00% | 0.00 | $406.96 | 366 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Oct-2032 | 3.42 |
| Federal Home Loan Mortgage | 0.00% | 0.00 | $354.48 | 348 | Mortgage Backed Securities | Mortgages | United States | 6.00% | NR | 01-Oct-2021 | 0.74 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $323.87 | 307 | Mortgage Backed Securities | Mortgages | United States | 4.34% | NR | 01-Dec-2035 | 0.51 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $317.98 | 280 | Mortgage Backed Securities | Mortgages | United States | 5.50% | NR | 01-Aug-2037 | 3.77 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $289.59 | 273 | Mortgage Backed Securities | Mortgages | United States | 4.85% | NR | 01-Dec-2035 | 0.74 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $251.81 | 216 | Mortgage Backed Securities | Mortgages | United States | 7.00% | NR | 01-Aug-2031 | 3.24 |
| Government National Mortgage Association | 0.00% | 0.00 | $215.56 | 5,945 | Mortgage Backed Securities | Agency Bkd CMO | United States | 4.50% | NR | 20-Dec-2039 | -15.94 |
| Federal Home Loan Mortgage | 0.00% | 0.00 | $204.85 | 196 | Mortgage Backed Securities | Mortgages | United States | 7.00% | NR | 01-Jun-2032 | 3.33 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $198.46 | 192 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Dec-2020 | 0.39 |
| Federal Home Loan Mortgage | 0.00% | 0.00 | $149.17 | 143 | Mortgage Backed Securities | Adj. Rate Mortgages | United States | 4.72% | NR | 01-Jan-2036 | 0.62 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $135.84 | 131 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-May-2022 | 0.39 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $119.18 | 115 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Feb-2020 | 0.42 |
| Federal Home Loan Mortgage | 0.00% | 0.00 | $63.42 | 61 | Mortgage Backed Securities | Mortgages | United States | 5.00% | NR | 01-Jul-2025 | 0.73 |
| Fannie Mae Interest Strip | 0.00% | -0.00 | $57.68 | 296 | Mortgage Backed Securities | Agency Bkd CMO | United States | 6.50% | NR | 25-Feb-2032 | 1.26 |
| Federal Home Loan Mortgage | 0.00% | -0.00 | $54.98 | 54 | Mortgage Backed Securities | Adj. Rate Mortgages | United States | 4.54% | NR | 01-Sep-2032 | 1.16 |
| Government National Mortgage Association | 0.00% | -0.00 | $18.15 | 994 | Mortgage Backed Securities | Agency Bkd CMO | United States | 4.50% | NR | 20-Feb-2039 | -15.28 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $1.35 | 1 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Jul-2020 | 0.39 |
| Federal National Mortgage Assn. | 0.00% | 0.00 | $0.39 | 0 | Mortgage Backed Securities | Mortgages | United States | 4.50% | NR | 01-Nov-2019 | 0.15 |
| GNMA ll 30 YR | 0.00% | 0.00 | $0.01 | 0 | Mortgage Backed Securities | Mortgages | United States | N/A | N/A | 20-Jan-2049 | N/A |
N/A indicates Not Available.
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Sector Diversification (30-Sep-2019)
| Sector Diversification | % of Fund | % of Indicative Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Government | 65.52% | 58.51% | |
| Sub Investment Grade | 4.18% | 0.00% | |
| Cash Equivalents | 2.51% | 0.00% | |
| Collateralised | 13.87% | 14.46% | |
| Corporate | 13.58% | 18.89% | |
| Agency/Supranationals | 0.33% | 8.14% |
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Country Diversification (30-Sep-2019)
| Country Diversification | % of Fund | % of Indicative Benchmark | % Underweight/Overweight |
|---|---|---|---|
| United Kingdom | 12.57% | 5.02% | |
| Indonesia | 3.77% | 0.52% | |
| Cyprus | 1.31% | 0.02% | |
| China | 3.64% | 2.45% | |
| Mexico | 1.77% | 0.67% | |
| South Africa | 0.97% | 0.02% | |
| Thailand | 1.30% | 0.39% | |
| Luxembourg | 0.94% | 0.07% | |
| Romania | 0.80% | 0.07% | |
| Brazil | 0.78% | 0.06% | |
| Finland | 1.10% | 0.38% | |
| Italy | 4.17% | 3.65% | |
| Israel | 0.68% | 0.17% | |
| Ireland | 0.87% | 0.37% | |
| SNAT (Supe Natl Wrld Global) | 2.52% | 2.06% | |
| Malaysia | 0.66% | 0.32% | |
| Ecuador | 0.28% | 0.00% | |
| Sweden | 0.86% | 0.70% | |
| Saudi Arabia | 0.33% | 0.17% | |
| Denmark | 0.36% | 0.37% | |
| Canada | 3.21% | 3.29% | |
| Austria | 0.41% | 0.66% | |
| Switzerland | 0.36% | 0.78% | |
| Australia | 0.96% | 1.47% | |
| Netherlands | 0.93% | 1.50% | |
| Spain | 1.68% | 2.54% | |
| Germany | 2.62% | 4.90% | |
| France | 2.55% | 5.81% | |
| United States | 34.52% | 39.35% | |
| Japan | 8.39% | 16.50% |
A maximum of 30 largest countries are displayed.
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Currency Diversification (30-Sep-2019)
| Currency Diversification | % of Fund | % of Indicative Benchmark | % Underweight/Overweight |
|---|---|---|---|
| U.S. dollar | 46.49% | 45.20% | |
| Canadian dollar | 2.62% | 2.60% | |
| Australian dollar | 1.49% | 1.20% | |
| Mexican peso | 0.52% | 0.28% | |
| New Zealand dollar | 0.10% | 0.10% | |
| Dollar Bloc Subtotal | 51.22% | 49.38% |
Indicative Benchmark : Bloomberg Barclays Global Aggregate Bond Index
| Currency Diversification | % of Fund | % of Indicative Benchmark | % Underweight/Overweight |
|---|---|---|---|
| euro | 22.02% | 23.72% | |
| British pound sterling | 5.13% | 4.61% | |
| Swiss franc | 1.54% | 0.54% | |
| Swedish krona | 0.41% | 0.41% | |
| Danish krone | 0.21% | 0.23% | |
| Polish zloty | 0.15% | 0.20% | |
| Czech koruna | 0.12% | 0.09% | |
| Norwegian krone | 0.10% | 0.10% | |
| Hungarian forint | -0.96% | 0.07% | |
| European Bloc Subtotal | 28.73% | 29.98% |
Indicative Benchmark : Bloomberg Barclays Global Aggregate Bond Index
| Currency Diversification | % of Fund | % of Indicative Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Japanese yen | 16.10% | 16.15% | |
| Korean won | 1.28% | 1.17% | |
| Malaysian ringgit | 0.27% | 0.29% | |
| Singapore dollar | 0.18% | 0.19% | |
| Hong Kong dollar | -0.02% | 0.02% | |
| New Taiwan dollar | -0.48% | 0.00% | |
| Thai baht | -0.59% | 0.36% | |
| Far East Bloc Subtotal | 16.74% | 18.18% |
Indicative Benchmark : Bloomberg Barclays Global Aggregate Bond Index
| Currency Diversification | % of Fund | % of Indicative Benchmark | % Underweight/Overweight |
|---|---|---|---|
| Chinese renminbi | 3.02% | 1.79% | |
| Israeli shekel | 1.67% | 0.13% | |
| Indian rupee | 1.00% | 0.00% | |
| Brazilian real | 0.50% | 0.00% | |
| Serbia dinar | 0.49% | 0.00% | |
| South African rand | 0.26% | 0.00% | |
| Russian ruble | 0.16% | 0.16% | |
| Chilean peso | 0.06% | 0.06% | |
| New Romanian leu | -0.22% | 0.00% | |
| Indonesian rupiah | -0.37% | 0.31% | |
| Offshore Chinese renminbi | -3.27% | 0.00% | |
| Emerging Markets Bloc Subtotal | 3.30% | 2.46% |
Indicative Benchmark : Bloomberg Barclays Global Aggregate Bond Index
Numbers may not add due to rounding and/or the exclusion of reserves and other assets.
Indicative Benchmark Data Source: Barclays
Past performance is not a reliable indicator of future performance. Source for fund performance: T. Rowe Price. Fund performance is calculated using the official NAV with dividends reinvested, if any. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested. It will be affected by changes in the exchange rate between the base currency of the fund and the subscription currency, if different. Sales charges (up to a maximum of 5% for the A Class), taxes and other locally applied costs have not been deducted and if applicable, they will reduce the performance figures.
Daily performance data is based on the latest available NAV. Performance returns for share classes less than 1 year old (and associated benchmarks) are cumulative rather than annualised.
Please note that no management fees are charged to the S and J share classes. No administration agent fees are charged to the J class. Fee arrangements for the S and J classes are made directly with the investment manager. Please see the prospectus for further information.
The Funds are sub-funds of the T. Rowe Price Funds SICAV, a Luxembourg investment company with variable capital which is registered with Commission de Surveillance du Secteur Financier and which qualifies as an undertaking for collective investment in transferable securities (“UCITS”). Full details of the objectives, investment policies and risks are located in the prospectus which is available with the key investor information documents in English and in an official language of the jurisdictions in which the Funds are registered for public sale, together with the annual and semi-annual reports (together “Fund Documents”). Any decision to invest should be made on the basis of the Fund Documents which are available free of charge from the local representative, local information/paying agent or from authorised distributors and via www.troweprice.com.
Hedged share classes (denoted by 'h') utilise investment techniques to mitigate currency risk between the underlying investment currency(ies) of the fund and the currency of the hedged share class. The costs of doing so will be borne by the share class and there is no guarantee that such hedging will be effective.
Net Asset figure applies to all share classes.
Number of years managing the fund. In the case of co-portfolio management, the longer tenure is displayed.
The specific securities identified and described in this report do not represent all of the securities purchased, sold, or recommended for the sub-fund and no assumptions should be made that the securities identified and discussed were or will be profitable.
A full list of the currently issued Share Classes including Distributing, Hedged, and Accumulating Categories may be obtained, free of charge and upon request, from the registered office of the Company.
Arif Husain is head of International Fixed Income at T. Rowe Price. He is lead portfolio manager for the Dynamic Global Bond Strategies. Mr. Husain is also co-portfolio manager for the firm's International Bond, Global Aggregate Bond and Institutional International Bond Strategies. He is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd.