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Pro-Mix® Conservative Term CIT
Pro-Mix® Conservative Term CIT
Fi360 ETF Target 2015 CIT
Fi360 ETF Target 2020 CIT
Fi360 ETF Target 2025 CIT
Fi360 ETF Target 2030 CIT
Fi360 ETF Target 2035 CIT
Fi360 ETF Target 2040 CIT
Fi360 ETF Target 2045 CIT
Fi360 ETF Target 2050 CIT
Fi360 ETF Target 2055 CIT
Fi360 ETF Target Income CIT
Pro-Mix® Conservative Term CIT
Pro-Mix® Extended Term CIT
Pro-Mix® Maximum Term CIT
Pro-Mix® Moderate Term CIT
Retirement Target 2015 CIT
Retirement Target 2020 CIT
Retirement Target 2025 CIT
Retirement Target 2030 CIT
Retirement Target 2035 CIT
Retirement Target 2040 CIT
Retirement Target 2045 CIT
Retirement Target 2050 CIT
Retirement Target 2055 CIT
Retirement Target 2060 CIT
Retirement Target Income CIT
Investment Objective
To provide capital preservation, with income and capital growth as secondary objectives.
Investment Strategy
The portfolio is invested in a conservative mix of securities that seeks stability with some growth and income potential. Holdings are diversified primarily among fixed income securities, typically focusing on short to intermediate-term maturities. Stock investments may be focused on dividend paying securities in pursuit of growth opportunities and income generation.
The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.
May be Appropriate for Investors
- Who seek to minimize declines in account value with the potential for modest growth and income generation
- Who want to assume a minimal amount of capital risk through limited stock exposure
About Our Risk-Based Funds
Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits his or her current risk tolerance and investment time horizon, then decide when to move to a different objective as his or her personal situation changes over the years.
Time Horizon & Range of Stock Exposure
| Conservative Term | Moderate Term | Extended Term | Maximum Term |
| 0-5 Years | 3-10 Years | 7-20 Years | 15+ Years |
| 15-45% | 20-60% | 40-70% | 70-95% |
Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.
Daily Price
$26.78
Daily $ Change
-$0.11
Daily % Change
-0.41%
as of 04/19/2018
CUSIP
563821149
Inception Date
01/01/2000
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Annual Report | |
| Fact Sheet | |
| Applications & Forms |
Annualized Performance
As of 03/31/2018
YTD
-1.14%
1 Year
4.20%
3 Year
2.50%
5 Year
3.25%
10 Year
4.58%
Inception
(---)
---
US Stock Market Cycle (04/01/2000 - 03/31/2018)
5.50%
Returns are net of Pro-Mix® CIT Class S expenses. Performance data quoted represents past performance and does not guarantee future results. Your investment may fluctuate in value and there is a potential for loss as well as profit.
Expense Ratio
| Gross | 0.86% |
| Net | 0.85%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
Top Ten Investments
As of 03/31/2018
| TREASURY NOTES | 13.30% |
| GOVERNMENT AGENCY | 8.14% |
| TREASURY BONDS | 3.57% |
| KFW 1.50000 06/15/2021 | 1.10% |
| SWEDISH EXPORT CREDIT 1.12500 08/28/2019 | 1.06% |
| NATIONAL BANK OF CANADA 1.40000 04/20/2018 | 1.05% |
| UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | 1.04% |
| VERIZON COMMUNICATIONS 5.50000 03/16/2047 | 1.01% |
| CITIGROUP INC 8.12500 07/15/2039 | 0.99% |
| SCGT 2013-SRP1 AJ FLT 3.97660 11/15/2026 | 0.98% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 03/31/2018
| Bonds | 70.03% |
| Stocks | 28.40% |
| Cash | 1.57% |
Detailed Asset Class Allocation
As of 03/31/2018
| International Equities | 6.11% |
| Small Capitalization | 0.95% |
| Mid Capitalization | 3.14% |
| Large Capitalization | 18.20% |
| Long Term Fixed Income | 19.48% |
| Intermediate Term Fixed Income | 31.91% |
| Short Term Fixed Income | 18.64% |
| Cash | 1.57% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
March Fund Holdings
As of 03/31/2018
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 000375204 | ABB LTD-SPON ADR | CH | ABB | 4,582 | $108,776.68 |
| 00163UAB2 | AMAG PHARMACEUTICALS INC 7.87500 09/01/2023 | US | 55,000 | $54,312.50 | |
| 00206REM0 | AT&T INC 3.90000 08/14/2027 | US | 930,000 | $936,402.63 | |
| 00254EML3 | SWEDISH EXPORT CREDIT 1.12500 08/28/2019 | SE | 1,700,000 | $1,669,893.00 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 2,572 | $243,439.80 |
| 00289XAA7 | ABENGOA YIELD PLC 7.00000 11/15/2019 | GB | 450,000 | $464,625.00 | |
| 004239109 | ACADIA REALTY TRUST | US | AKR | 770 | $18,942.00 |
| 0045614 | ANTOFAGASTA PLC | GB | ANTO LN | 12,340 | $159,541.75 |
| 00772BAF8 | AERCAP IRELAND CAP LTD/A 4.50000 05/15/2021 | IE | 875,000 | $896,291.39 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 340 | $16,333.60 |
| 00928QAK7 | AIRCASTLE LTD 6.25000 12/01/2019 | BM | 25,000 | $26,000.00 | |
| 009563AD9 | AIRXCEL INC 8.50000 02/15/2022 | US | 94,000 | $101,637.50 | |
| 015271109 | ALEXANDRIA REAL EST EQUITIES | US | ARE | 325 | $40,589.25 |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 2,480 | $455,179.20 |
| 01609WAT9 | ALIBABA GROUP HOLDING 3.40000 12/06/2027 | KY | 1,620,000 | $1,537,550.08 | |
| 01748XAA0 | ALLEGIANT TRAVEL CO 5.50000 07/15/2019 | US | 50,000 | $50,750.00 | |
| 020002101 | ALLSTATE CORPORATION | US | ALL | 435 | $41,238.00 |
| 02005NAT7 | ALLY FINANCIAL INC 3.50000 01/27/2019 | US | 55,000 | $55,068.75 | |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 295 | $304,378.05 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 290 | $300,770.60 |
| 023135106 | AMAZON.COM INC | US | AMZN | 140 | $202,627.60 |
| 02319V103 | AMBEV SA-ADR | BR | ABEV | 96,200 | $699,374.00 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 22,790 | $770,749.45 |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 985 | $38,040.70 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 2,825 | $56,726.00 |
| 02666TAA5 | AMERICAN HOMES 4 RENT 4.25000 02/15/2028 | US | 1,050,000 | $1,028,929.55 | |
| 026874784 | AMERICAN INTL GROUP INC | US | AIG | 670 | $36,461.40 |
| 026874CY1 | AMERICAN INTL GROUP 4.12500 02/15/2024 | US | 650,000 | $659,584.37 | |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 1,135 | $164,960.90 |
| 03063NAA5 | AMERICOLD LLC TRUST 3.84730 01/14/2029 | US | 38,542.45 | $39,030.61 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 865 | $16,504.20 |
| 031162100 | AMGEN INC | US | AMGN | 1,120 | $190,937.60 |
| 034863AT7 | ANGLO AMERICAN CAPITAL 4.00000 09/11/2027 | GB | 1,070,000 | $1,026,133.63 | |
| 03748R101 | APARTMENT INVT & MGMT CO -A | US | AIV | 1,165 | $47,473.75 |
| 037612306 | APOLLO GLOBAL MANAGMENT - A | US | APO | 1,890 | $55,981.80 |
| 037833100 | APPLE COMPUTER INC | US | AAPL | 855 | $143,451.90 |
| 04014Y101 | ARES MANAGEMENT LP | US | ARES | 1,890 | $40,446.00 |
| 04621WAC4 | ASSURED GUARANTY US HLDG 5.00000 07/01/2024 | US | 1,060,000 | $1,129,963.81 | |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 913 | $103,607.24 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 705 | $115,944.30 |
| 054937107 | BB & T CORPORATION | US | BBT | 1,898 | $98,771.92 |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 4,155 | $168,443.70 |
| 058498106 | BALL CORP | US | BLL | 15,485 | $614,909.35 |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 8,585 | $257,464.15 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 706,000 | $704,611.15 | |
| 06652K103 | BANKUNITED INC | US | BKU | 1,120 | $44,777.60 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 6,820 | $552,897.40 |
| 09062X103 | BIOGEN IDEC INC | US | BIIB | 1,460 | $399,777.20 |
| 09247X101 | BLACKROCK INC | US | BLK | 835 | $452,336.20 |
| 09253U108 | BLACKSTONE GROUP LP/THE | US | BX | 1,855 | $59,267.25 |
| 09627J102 | BLUEROCK RESIDENTIAL GROWTH | US | 1,480 | $12,580.00 | |
| 096630AE8 | BOARDWALK PIPELINES LP 5.95000 06/01/2026 | US | 1,420,000 | $1,521,773.79 | |
| 097023105 | BOEING CO | US | BA | 857 | $280,993.16 |
| 09857L108 | BOOKING HOLDINGS INC | US | BKNG | 580 | $1,206,626.20 |
| 0989529 | ASTRAZENECA PLC | GB | AZN LN | 1,290 | $88,675.99 |
| 101121101 | BOSTON PROPERTIES INC | US | BXP | 635 | $78,244.70 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 1,895 | $30,092.60 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 7,435 | $470,263.75 |
| 11133T103 | BROADRIDGE FINANCIAL SOLUTIONS | US | BR | 370 | $40,585.30 |
| 12467AAD0 | C&S GROUP ENTERPRISES 5.37500 07/15/2022 | US | 100,000 | $94,237.00 | |
| 125896100 | CMS ENERGY CORP | US | CMS | 1,770 | $80,163.30 |
| 12592BAB0 | CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 | US | 1,020,000 | $1,017,450.00 | |
| 12626K203 | CRH PLC -SPONSORED ADR | IE | CRH | 2,179 | $74,129.58 |
| 126307AH0 | CSC HOLDINGS LLC 5.25000 06/01/2024 | US | 95,000 | $90,368.75 | |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 541,741.22 | $503,099.90 | |
| 126650100 | CVS HEALTH CORP | US | CVS | 1,688 | $105,010.48 |
| 134429109 | CAMPBELL SOUP CO | US | CPB | 1,895 | $82,072.45 |
| 14041NFF3 | CAPITAL ONE MULTI-ASSET 1.33000 06/15/2022 | US | 350,000 | $343,958.83 | |
| 14314WAD3 | CARMX 2017-3 A3 1.97000 04/15/2022 | US | 398,000 | $392,283.61 | |
| 14912Y202 | CATCHMARK TIMBER TRUST INC | US | CTT | 13,665 | $170,402.55 |
| 149806AA9 | CAZ 2015-1A A 2.00000 12/10/2023 | US | 109,611.01 | $109,474.00 | |
| 156504AH5 | CENTURY COMMUNITIES 5.87500 07/15/2025 | US | 95,000 | $90,487.50 | |
| 16411QAA9 | CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 | US | 50,000 | $49,312.50 | |
| 16412XAD7 | CHENIERE CORP CHRISTI HD 7.00000 06/30/2024 | US | 140,000 | $154,875.00 | |
| 165240102 | CHESAPEAKE LODGING TRUST | US | CHSP | 1,335 | $37,126.35 |
| 166764100 | CHEVRON CORP | US | CVX | 1,125 | $128,295.00 |
| 16941R108 | CHINA PETROLEUM & CHEM-ADR | CN | SNP | 1,961 | $173,509.28 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 6,819 | $292,466.91 |
| 172967424 | CITIGROUP INC | US | C | 3,175 | $214,312.50 |
| 172967EW7 | CITIGROUP INC 8.12500 07/15/2039 | US | 1,030,000 | $1,559,734.16 | |
| 19238VAG0 | COGECO CABLE INC 4.87500 05/01/2020 | CA | 35,000 | $35,087.50 | |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 1,629 | $116,766.72 |
| 19625JAA1 | CAH 2015-1A A 2.91794 07/17/2032 | US | 878,185.05 | $880,954.41 | |
| 19625W104 | COLONY NORTHSTAR INC-CLASS A | US | CLNS | 11,662 | $65,540.44 |
| 198287203 | COLUMBIA PROPERTY TRUST INC | US | CXP | 950 | $19,437.00 |
| 199908104 | COMFORT SYSTEMS | US | FIX | 1,900 | $78,375.00 |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 4,573 | $117,709.02 |
| 2099084 | BORALEX INC -A | CA | BLX CN | 2,355 | $40,890.56 |
| 21871N101 | CORECIVIC INC | US | CXW | 4,755 | $92,817.60 |
| 21987BAK4 | CODELCO INC 5.62500 09/21/2035 | CL | 900,000 | $1,031,634.23 | |
| 222795106 | COUSINS PROPERTIES INC | US | CUZ | 9,210 | $79,942.80 |
| 22282E102 | COVANTA HOLDING CORP | US | CVA | 5,930 | $85,985.00 |
| 22663AAA7 | ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 | US | 50,000 | $48,750.00 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 1,385 | $151,809.85 |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 407,102.63 | $380,364.94 | |
| 229663109 | CUBESMART | US | CUBE | 2,600 | $73,320.00 |
| 23311RAC0 | DCP MIDSTREAM OPERATING 9.75000 03/15/2019 | US | 35,000 | $36,925.00 | |
| 23918K108 | DAVITA INC. | US | DVA | 13,140 | $866,451.60 |
| 23918KAR9 | DAVITA INC 5.00000 05/01/2025 | US | 70,000 | $67,658.50 | |
| 247361702 | DELTA AIR LINES INC. | US | DAL | 1,290 | $70,704.90 |
| 25271C102 | DIAMOND OFFSHORE DRILLING | US | DO | 10,300 | $150,998.00 |
| 253393102 | DICK'S SPORTING GOODS INC | US | DKS | 2,390 | $83,769.50 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 1,335 | $140,682.30 |
| 256677105 | DOLLAR GENERAL CORP | US | DG | 1,620 | $151,551.00 |
| 26078J100 | DOWDUPONT INC | US | DWDP | 2,386 | $152,012.06 |
| 26780TAA5 | DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 | MH | 100,000 | $100,500.00 | |
| 269246401 | ETRADE FINANCIAL CORP | US | ETFC | 5,530 | $306,417.30 |
| 269246BP8 | E*TRADE FINANCIAL CORP 2.95000 08/24/2022 | US | 460,000 | $447,790.38 | |
| 277276101 | EASTGROUP PROPERTIES | US | EGP | 150 | $12,399.00 |
| 28140H203 | EDUCATION REALTY TRUST INC | US | EDR | 375 | $12,281.25 |
| 28370TAG4 | KINDER MORGAN ENER PART 4.30000 05/01/2024 | US | 880,000 | $886,130.56 | |
| 285512109 | ELECTRONIC ARTS | US | EA | 4,370 | $529,818.80 |
| 2866857 | LUNDIN MINING CORP | CA | LUN CN | 23,905 | $156,787.56 |
| 291011104 | EMERSON ELEC CO | US | EMR | 1,413 | $96,507.90 |
| 29250NAR6 | ENBRIDGE INC 3.70000 07/15/2027 | CA | 485,000 | $464,910.07 | |
| 294429105 | EQUIFAX INC | US | EFX | 3,340 | $393,485.40 |
| 29444U700 | EQUINIX INC | US | EQIX | 515 | $215,342.10 |
| 294628102 | EQUITY COMMONWEALTH | US | EQC | 855 | $26,222.85 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 465 | $40,813.05 |
| 29476L107 | EQUITY RESIDENTIAL | US | EQR | 950 | $58,539.00 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 160 | $38,508.80 |
| 298736109 | EURONET WORLDWIDE INC | US | EEFT | 4,295 | $338,961.40 |
| 30161N101 | EXELON CORP | US | EXC | 1,255 | $48,957.55 |
| 302154BV0 | EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | KR | 1,550,000 | $1,525,737.85 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 655 | $57,220.80 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 3,785 | $282,398.85 |
| 302491303 | FMC CORP | US | FMC | 1,515 | $116,003.55 |
| 30251JAA9 | FDIC 2011-R1 A 2.67200 07/25/2026 | US | 77,596.95 | $77,399.38 | |
| 30262SAR9 | FREMF 2015-K42 B FLT 3.85233 12/25/2024 | US | 180,000 | $181,163.14 | |
| 30287EAE0 | FREMF 2014-K41 B FLT 3.83208 11/25/2047 | US | 700,000 | $700,044.24 | |
| 30291EAE4 | FREMF 2013-K712 B FLT 3.36434 05/25/2045 | US | 1,150,000 | $1,156,596.40 | |
| 30291HAA5 | FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 11,110,955.87 | $43,148.29 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 5,385 | $860,469.15 |
| 3128M1AM1 | FHLM POOL G11912 5.50000 03/01/2021 | US | 19,792.79 | $20,193.42 | |
| 3128M6HZ4 | FHLM POOL G04448 5.50000 07/01/2038 | US | 197,994.85 | $217,183.69 | |
| 3128M6SU3 | FHLM POOL G04731 5.50000 04/01/2038 | US | 4,476.34 | $4,909.23 | |
| 3128M73P9 | FHLM POOL G05906 6.00000 04/01/2040 | US | 17,737.16 | $19,905.46 | |
| 3128M82W3 | FHLM POOL G06789 6.00000 05/01/2040 | US | 156,139.34 | $173,948.99 | |
| 3128M9ZU9 | FHLM POOL G07655 5.50000 12/01/2035 | US | 51,859.53 | $57,287.96 | |
| 3128MB4Q7 | FHLM POOL G13331 5.50000 10/01/2023 | US | 120,863.91 | $125,733.34 | |
| 3128MBDP9 | FHLM POOL G12610 6.00000 03/01/2022 | US | 9,365.8 | $9,757.94 | |
| 3128MBUB1 | FHLM POOL G13078 6.00000 03/01/2023 | US | 8,197.7 | $8,567.64 | |
| 3128MJ2U3 | FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 723,387.3 | $760,413.00 | |
| 3128MJJT8 | FHLM POOL G08273 5.50000 06/01/2038 | US | 108,847.01 | $119,386.46 | |
| 3128P75F6 | FHLM POOL C91746 4.50000 12/01/2033 | US | 56,006.72 | $58,958.10 | |
| 312941ZQ3 | FHLM POOL Q93451 4.50000 08/01/2040 | US | 544,507.09 | $576,085.65 | |
| 3132QUNJ8 | FHLM POOL Q37592 4.00000 12/01/2045 | US | 179,127.3 | $184,457.23 | |
| 3132WJYG0 | FHLM POOL Q45210 4.00000 01/01/2047 | US | 409,273.36 | $420,843.16 | |
| 3132WPDP9 | FHLM GOLD POOL FG Q49109 4.00000 07/01/2047 | US | 521,071.29 | $535,518.16 | |
| 3132XSLZ1 | FHLM GOLD POOL FG Q50343 4.00000 08/01/2047 | US | 569,509.81 | $585,145.95 | |
| 3132XTPU6 | FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 | US | 636,479.84 | $653,978.19 | |
| 31336WBS7 | FHLM POOL G11850 5.50000 07/01/2020 | US | 13,897.13 | $14,113.58 | |
| 31371MLB1 | FEDERAL NATL MTG ASSN 256022 5.50000 12/01/2035 | US | 64,267.05 | $70,605.23 | |
| 31371MRU3 | FEDERAL NATL MTG ASSN 256199 5.00000 04/01/2021 | US | 9,204.45 | $9,354.30 | |
| 31371NDQ5 | FEDERAL NATL MTG ASSN 256711 5.50000 05/01/2037 | US | 8,822.61 | $9,680.99 | |
| 3137A2B34 | FHMS K009 X1 FLT 1.29512 08/25/2020 | US | 1,134,961.45 | $28,802.94 | |
| 3137ADTK3 | FHMS K014 X1 FLT 1.17939 04/25/2021 | US | 11,586,653.71 | $350,606.35 | |
| 3137AJMG6 | FMHS K016 X1 FLT 1.52075 10/25/2021 | US | 2,580,077.33 | $113,963.31 | |
| 3137AL6W4 | FHMS K706 X1 FLT 1.54720 10/25/2018 | US | 3,548,323.01 | $19,170.52 | |
| 3137AUPF0 | FHMS K021 x1 FLT 1.46192 06/25/2022 | US | 16,222,527.25 | $818,950.49 | |
| 3137B3NB0 | FHMS K030 X1 FLT 0.20508 04/25/2023 | US | 30,957,982.35 | $279,002.62 | |
| 3137B4GZ3 | FHMS K032 X1 FLT 0.10903 05/25/2023 | US | 18,180,066.54 | $99,512.23 | |
| 3138A7BL1 | FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 | US | 295,931.62 | $312,580.31 | |
| 3138AJ4A7 | FEDERAL NATL MTG ASSN AI5316 4.50000 07/01/2041 | US | 32,089.63 | $33,612.76 | |
| 3138EPLE2 | FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 | US | 118,891.52 | $125,583.14 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.65200 01/01/2049 | US | 764,099.68 | $827,864.18 | |
| 3138WDRZ6 | FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 | US | 734,247.8 | $776,913.61 | |
| 3138YTGK4 | FEDERAL NATL MTG ASSN AZ2001 3.50000 05/01/2045 | US | 1,095,585.6 | $1,100,307.27 | |
| 31403DDX4 | FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 | US | 73,409.89 | $80,669.59 | |
| 31403DVZ9 | FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 | US | 12,359.1 | $13,853.86 | |
| 31406PTV1 | FEDERAL NATL MTG ASSN 816064 4.50000 04/01/2020 | US | 9,435.99 | $9,506.68 | |
| 3140F4UB0 | FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 | US | 766,903.77 | $787,545.51 | |
| 3140F9M51 | FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 | US | 124,723.9 | $128,080.93 | |
| 3140FA5G3 | FEDERAL NATL MTG ASSN FN BD3546 4.00000 09/01/2047 | US | 360,674.78 | $370,848.28 | |
| 3140FPGW3 | FEDERAL NATL MTG ASSN BE3812 4.00000 12/01/2046 | US | 609,655.42 | $626,218.45 | |
| 31410FSE6 | FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 | US | 6,464.1 | $6,718.83 | |
| 31410FV51 | FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 | US | 8,133.69 | $8,449.52 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 65,260.79 | $67,182.41 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 78,537.06 | $80,870.70 | |
| 31410KLD4 | FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 | US | 20,322.83 | $22,228.06 | |
| 31410WSY5 | FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 | US | 13,861.48 | $15,469.11 | |
| 31411JXP6 | FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 | US | 49,495.35 | $54,197.77 | |
| 31411RHZ4 | FEDERAL NATL MTG ASSN 912948 5.00000 05/01/2038 | US | 4,582.47 | $4,898.86 | |
| 31412SY41 | FEDERAL NATL MTG ASSN 933731 5.50000 04/01/2038 | US | 14,721.23 | $16,100.61 | |
| 31413CCL1 | FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 | US | 5,871.11 | $6,532.17 | |
| 31413MR66 | FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 | US | 19,610.88 | $21,916.42 | |
| 31413S6R0 | FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 | US | 12,173.93 | $13,638.14 | |
| 31414CQ50 | FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 | US | 2,727.82 | $3,039.45 | |
| 31414DJ23 | FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 | US | 14,870.61 | $16,574.67 | |
| 31414QX28 | FEDERAL NATL MTG ASSN 973297 4.50000 03/01/2023 | US | 11,581.74 | $12,023.49 | |
| 31414UF52 | FEDERAL NATL MTG ASSN 976388 4.50000 04/01/2023 | US | 53,482.5 | $54,230.29 | |
| 31415ALX7 | FEDERAL NATL MTG ASSN 981042 6.00000 04/01/2038 | US | 12,929.28 | $14,367.07 | |
| 31415BBC2 | FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 | US | 15,764.38 | $16,967.80 | |
| 31415BBT5 | FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 | US | 12,514.05 | $13,436.37 | |
| 31416BVW5 | FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 | US | 44,037.61 | $45,271.17 | |
| 31417YJC2 | FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 20,313.6 | $21,481.10 | |
| 31418B6G6 | FEDERAL NATL MTG ASSN FN MA2670 3.00000 07/01/2046 | US | 451,782.76 | $441,037.39 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 288,346.39 | $304,636.58 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 260,022.69 | $274,630.37 | |
| 31418CAF1 | FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 | US | 498,382.03 | $486,529.36 | |
| 31418CRE6 | FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 | US | 628,712.24 | $659,734.95 | |
| 31418MG63 | FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 35,890.73 | $40,256.65 | |
| 31418MJC7 | FEDERAL NATL MTG ASSN AD0258 5.50000 03/01/2039 | US | 122,302.16 | $133,809.67 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 21,599.9 | $23,674.87 | |
| 31418MSR4 | FEDERAL NATL MTG ASSN AD0527 5.50000 06/01/2039 | US | 67,334.53 | $73,708.51 | |
| 31428X106 | FEDEX CORPORATION | US | FDX | 1,800 | $432,198.00 |
| 316773100 | FIFTH THIRD BANCORP | US | FITB | 1,625 | $51,593.75 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 1,885 | $55,098.55 |
| 345605109 | FOREST CITY REALTY TRUST - A | US | FCE/A | 1,410 | $28,566.60 |
| 357081AE8 | FREMF 2015-K720 B FLT 3.38864 07/25/2022 | US | 100,000 | $99,186.56 | |
| 35802XAA1 | FRESENIUS MED CARE US 6.50000 09/15/2018 | US | 40,000 | $40,600.42 | |
| 36143WAN1 | GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 | US | 1,100,000 | $1,101,815.55 | |
| 36143WAS0 | GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 | US | 440,000 | $436,989.26 | |
| 36174X101 | GGP INC | US | GGP | 1,950 | $39,897.00 |
| 36246MAT6 | GTP AQUISITION PARTNERS 2.35000 06/15/2020 | US | 115,000 | $113,664.70 | |
| 36248EAA3 | GSMS 2010-C2 3.84900 12/10/2043 | US | 27,722.24 | $28,120.08 | |
| 36294VKJ8 | GNMA POOL 660997 5.50000 05/15/2037 | US | 36,876.14 | $40,166.89 | |
| 363576109 | ARTHUR J GALLAGHER & CO | US | AJG | 690 | $47,423.70 |
| 369604103 | GENERAL ELEC CO | US | GE | 1,300 | $17,524.00 |
| 370334104 | GENERAL MLS INC | US | GIS | 1,324 | $59,659.44 |
| 371559105 | GENESEE & WYOMING INC -CL A | US | GWR | 3,820 | $270,417.80 |
| 374297109 | GETTY REALTY CORP | US | GTY | 1,310 | $33,038.20 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 2,051 | $154,624.89 |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 105,000 | $105,420.00 | |
| 37954A204 | GLOBAL MEDICAL REIT INC | US | GMRE | 2,150 | $14,942.50 |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 10,300 | $158,105.00 |
| 39807UAB2 | GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 | US | 50,000 | $49,875.00 | |
| 40412CAC5 | HCA HEALTHCARE INC 6.25000 02/15/2021 | US | 25,000 | $26,250.00 | |
| 40414L109 | HCP INC | US | HCP | 2,475 | $57,494.25 |
| 410345AL6 | HANESBRANDS INC 4.87500 05/15/2026 | US | 45,000 | $43,650.00 | |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 1,305 | $34,517.25 |
| 42809H107 | HESS CORP | US | HES | 2,660 | $134,649.20 |
| 431318AQ7 | HILCORP ENERGY I/HILCORP 5.75000 10/01/2025 | US | 60,000 | $59,400.00 | |
| 431475AB8 | HILL-ROM HOLDINGS INC 5.00000 02/15/2025 | US | 70,000 | $69,387.50 | |
| 437076102 | HOME DEPOT INC | US | HD | 1,792 | $319,406.08 |
| 438128308 | HONDA MOTOR CO LTD -SPONS ADR | JP | HMC | 3,634 | $126,208.82 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 1,204 | $173,990.04 |
| 44107P104 | HOST MARRIOTT CORP | US | HST | 1,655 | $30,849.20 |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 100,000 | $98,000.00 | |
| 446150104 | HUNTINGTON BANCSHARES | US | HBAN | 3,040 | $45,904.00 |
| 45031UCD1 | ISTAR INC 5.25000 09/15/2022 | US | 75,000 | $72,562.50 | |
| 45337C102 | INCYTE CORP | US | INCY | 7,115 | $592,892.95 |
| 45378A106 | INDEPENDENCE REALTY TRUST IN | US | IRT | 2,410 | $22,123.80 |
| 456788108 | INFOSYS LIMITED-SP ADR | IN | INFY | 5,114 | $91,284.90 |
| 45763PAE6 | INMARSAT FINANCE PLC 4.87500 05/15/2022 | GB | 85,000 | $82,662.50 | |
| 458140100 | INTEL CORP | US | INTC | 10,703 | $557,412.24 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 1,402 | $215,108.86 |
| 459745GH2 | INTL LEASE FINANCE CORP 6.25000 05/15/2019 | US | 50,000 | $51,716.15 | |
| 46115HBD8 | INTESA SANPAOLO SPA 3.87500 01/12/2028 | IT | 460,000 | $433,859.58 | |
| 46186YAA2 | IHSFR 2015-SFR3 A FLT 3.05032 08/17/2032 | US | 942,491.81 | $943,145.99 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 2.65820 12/17/2036 | US | 159,269.03 | $160,439.94 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 2.95820 12/17/2036 | US | 120,000 | $120,578.11 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 2,111 | $48,194.13 |
| 466032109 | J&J SNACK FOODS CORP | US | JJSF | 625 | $85,350.00 |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 6,215 | $683,463.55 |
| 46625HHL7 | JPMORGAN CHASE & CO 6.30000 04/23/2019 | US | 1,480,000 | $1,535,618.40 | |
| 46635GAE0 | JP MORGAN CHASE COMMERCIAL MORTG 4.06980 11/15/2043 | US | 48,917.04 | $49,909.98 | |
| 46639GAL0 | JPMMT 2013-1 1A2 3.00000 03/25/2043 | US | 278,265.39 | $276,928.32 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 315,236.27 | $313,524.54 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 375,283.1 | $373,817.24 | |
| 46649HAE2 | JPMMT 2017-6 A5 3.50000 12/25/2048 | US | 384,713.29 | $384,773.31 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 8,956 | $1,147,711.40 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 95,000 | $85,500.00 | |
| 485170302 | KANSAS CITY SOUTHERN | US | KSU | 1,210 | $132,918.50 |
| 493267108 | KEYCORP | US | KEY | 4,320 | $84,456.00 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 744 | $81,936.72 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 1,280,000 | $1,543,065.68 | |
| 497864AA6 | KISSNER GR HLDG 8.37500 12/01/2022 | CA | 85,000 | $86,700.00 | |
| 500472303 | KONINKLIJKE PHILIPS NVR - NY ADR | NL | PHG | 2,193 | $84,013.83 |
| 500769GZ1 | KFW 1.50000 06/15/2021 | DE | 1,800,000 | $1,737,018.00 | |
| 50212YAB0 | LPL HOLDINGS INC 5.75000 09/15/2025 | US | 60,000 | $59,232.00 | |
| 50218LAC0 | LSTAR COMMERCIAL MORTGAGE TR FLT 2.76700 01/20/2041 | US | 10,399.19 | $10,354.29 | |
| 505742AD8 | LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 | US | 75,000 | $76,309.50 | |
| 512816109 | LAMAR ADVERTISING CO | US | LAMR | 960 | $61,113.60 |
| 515110BU7 | LANDWIRTSCH. RENTENBANK 2.37500 02/21/2020 | DE | 1,200,000 | $1,198,644.00 | |
| 517942108 | LASALLE HOTEL PROPERTIES | US | LHO | 785 | $22,772.85 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 200 | $16,704.00 |
| 532457108 | ELI LILLY & CO | US | LLY | 1,055 | $81,625.35 |
| 534187109 | LINCOLN NATL CORP IND | US | LNC | 580 | $42,374.80 |
| 539439AM1 | LLOYDS BANKING GROUP PLC 4.58200 12/10/2025 | GB | 893,000 | $892,954.35 | |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 512 | $173,020.16 |
| 550021109 | LULULEMON - ADR | CA | LULU | 6,070 | $540,958.40 |
| 554382101 | THE MACERICH CO | US | MAC | 385 | $21,567.70 |
| 559222AR5 | MAGNA INTERNATIONAL INC 4.15000 10/01/2025 | CA | 650,000 | $669,588.05 | |
| 55933JAB0 | MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 | US | 80,000 | $77,000.00 | |
| 5671735 | SANOFI-AVENTIS | FR | SAN FP | 943 | $75,666.48 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 4,160 | $728,665.60 |
| 580135101 | MCDONALDS CORP | US | MCD | 1,192 | $186,404.96 |
| 58933Y105 | MERCK & CO INC | US | MRK | 11,630 | $633,486.10 |
| 59001ABA9 | MERITAGE HOMES CORP 5.12500 06/06/2027 | US | 50,000 | $47,250.00 | |
| 594918104 | MICROSOFT CORP | US | MSFT | 10,155 | $926,846.85 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 690 | $62,955.60 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 1,915 | $79,912.95 |
| 6174467X1 | MORGAN STANLEY 5.00000 11/24/2025 | US | 630,000 | $658,798.32 | |
| 61744YAG3 | MORGAN STANLEY FLT 3.01070 05/08/2024 | US | 1,500,000 | $1,524,060.00 | |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 135,000 | $134,831.25 | |
| 624758108 | MUELLER WATER PRODUCTS INC - A | US | MWA | 7,260 | $78,916.20 |
| 62942M201 | NTT DOCOMO INC -SPON ADR | JP | DCM | 6,818 | $174,336.26 |
| 62944TAE5 | NVR INC 3.95000 09/15/2022 | US | 670,000 | $683,472.11 | |
| 633067D34 | NATIONAL BANK OF CANADA 1.40000 04/20/2018 | CA | 1,650,000 | $1,649,245.95 | |
| 637417106 | NATIONAL RETAIL PROPERTIES | US | NNN | 595 | $23,359.70 |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 412,780.94 | $416,632.39 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 492,177.23 | $497,076.51 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 608,108.71 | $613,742.53 | |
| 651229106 | NEWELL BRANDS INC | US | NWL | 2,880 | $73,382.40 |
| 654106103 | NIKE INC CLASS B | US | NKE | 1,105 | $73,416.20 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 155,000 | $158,100.00 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 10,600 | $857,010.00 |
| 67103H107 | O'REILLY AUTOMOTIVE INC | US | ORLY | 425 | $105,136.50 |
| 680223104 | OLD REPUBLIC INTL CORP | US | ORI | 2,090 | $44,830.50 |
| 683235AA3 | ONTARIO (PROVINCE OF) 2.00000 09/27/2018 | CA | 450,000 | $449,590.36 | |
| 68323ADY7 | ONTARIO (PROVINCE OF) 1.25000 06/17/2019 | CA | 450,000 | $443,862.00 | |
| 69007J106 | OUTFRONT MEDIA INC | US | OUT | 2,775 | $52,003.50 |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 100,000 | $102,250.00 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 330 | $49,909.20 |
| 70014LAC4 | PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 | KY | 80,000 | $75,800.00 | |
| 70338P100 | PATTERN ENERGY GROUP INC -A | US | PEGI | 2,135 | $36,914.15 |
| 713448108 | PEPSICO INC | US | PEP | 2,713 | $296,123.95 |
| 713448CX4 | PEPSICO INC 3.10000 07/17/2022 | US | 491,000 | $493,705.74 | |
| 71654QCJ9 | PETROLEOS MEXICANOS 6.35000 02/12/2048 | MX | 1,590,000 | $1,536,337.50 | |
| 717081103 | PFIZER INC | US | PFE | 8,125 | $288,356.25 |
| 71943U104 | PHYSICIANS REALTY TRUST | US | DOC | 3,465 | $53,950.05 |
| 729640102 | PLYMOUTH INDUSTRIAL REIT INC | US | 480 | $8,246.40 | |
| 733174AJ5 | POPULAR INC 7.00000 07/01/2019 | US | 95,000 | $96,900.00 | |
| 741503AZ9 | PRICELINE GROUP INC/THE 3.60000 06/01/2026 | US | 1,570,000 | $1,542,376.93 | |
| 74251V102 | PRINCIPAL FINANCIAL GROUP | US | PFG | 640 | $38,982.40 |
| 74333KAA6 | PROG 2017-SFR2 A 2.89700 12/17/2034 | US | 300,000 | $295,042.65 | |
| 74340W103 | PROLOGIS | US | PLD | 2,245 | $141,412.55 |
| 744320AL6 | PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 | US | 960,000 | $1,010,400.00 | |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 395 | $79,154.05 |
| 74736K101 | QORVO INC | US | QRVO | 15,450 | $1,088,452.50 |
| 747525103 | QUALCOMM INC | US | QCOM | 2,547 | $141,129.27 |
| 749685103 | RPM INTERNATIONAL INC | US | RPM | 1,460 | $69,598.20 |
| 755111507 | RAYTHEON COMPANY | US | RTN | 632 | $136,398.24 |
| 758849103 | REGENCY CENTERS CORP | US | REG | 585 | $34,503.30 |
| 75886F107 | REGENERON PHARMACEUTICALS INC | US | REGN | 2,510 | $864,343.60 |
| 7591EP100 | REGIONS FINANCIAL CORP. | US | RF | 2,770 | $51,466.60 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 585 | $16,842.15 |
| 77340RAK3 | ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 | US | 95,000 | $98,325.95 | |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 1,420 | $93,052.60 |
| 78408XAD3 | SCGT 2013-SRP1 AJ FLT 3.97660 11/15/2026 | US | 1,550,000 | $1,546,231.64 | |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 1,005 | $171,774.60 |
| 78442FET1 | SLM CORP 6.12500 03/25/2024 | US | 60,000 | $59,775.00 | |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 80,000 | $80,800.00 | |
| 78471CAB5 | SOFI 2017-D A2FX 2.65000 09/25/2040 | US | 875,000 | $858,240.78 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 410,000 | $448,129.91 | |
| 80105N105 | SANOFI-AVENTIS-ADR | FR | SNY | 4,307 | $172,624.56 |
| 80282KAS5 | SANTANDER HOLDINGS USA 3.40000 01/18/2023 | US | 1,050,000 | $1,025,645.21 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 8,520 | $551,925.60 |
| 808513105 | CHARLES SCHWAB CORP/THE | US | SCHW | 5,495 | $286,948.90 |
| 81211K100 | SEALED AIR CORP | US | SEE | 12,240 | $523,749.60 |
| 812578102 | SEATTLE GENETICS INC | US | SGEN | 11,910 | $623,369.40 |
| 81663AAD7 | SEMGROUP CORP 6.37500 03/15/2025 | US | 85,000 | $81,175.00 | |
| 81745CAB9 | SEMT 2013-7 A2 3.00000 06/25/2043 | US | 324,437.37 | $315,006.95 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 448,797.87 | $435,657.97 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 348,456.45 | $318,511.15 | |
| 81762P102 | SERVICENOW INC | US | NOW | 3,770 | $623,746.50 |
| 81783QAC9 | SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 | CA | 50,000 | $47,750.00 | |
| 822538AE4 | SHELF DRILL HOLD LTD 8.25000 02/15/2025 | KY | 45,000 | $45,112.50 | |
| 828806109 | SIMON PROPERTY GROUP INC | US | SPG | 1,040 | $160,524.00 |
| 82967NAY4 | SIRIUS XM RADIO INC 3.87500 08/01/2022 | US | 65,000 | $62,270.00 | |
| 83088M102 | SKYWORKS SOLUTIONS INC | US | SWKS | 6,920 | $693,799.20 |
| 83401LAB0 | SOFI 2015-A A2 2.42000 03/25/2030 | US | 505,699.98 | $501,800.93 | |
| 83402DAC5 | SOFI 2016-C A2B 2.36000 12/27/2032 | US | 406,000 | $394,581.90 | |
| 83404FAB0 | SOFI 2017-A A2A 1.55000 03/26/2040 | US | 35,056.04 | $34,761.07 | |
| 83404LAC5 | SOFI 2016-D A2B 2.34000 04/25/2033 | US | 130,000 | $126,243.94 | |
| 83405DAB4 | SOFI 2017-C A2A 1.75000 07/25/2040 | US | 48,356.45 | $47,947.96 | |
| 83405LAA8 | SCLP 2017-5 A1 2.14000 09/25/2026 | US | 484,223.9 | $481,491.28 | |
| 834423AA3 | SOLVAY FINANCE (AMERICA) 3.40000 12/03/2020 | US | 489,000 | $491,514.27 | |
| 835495102 | SONOCO PRODUCTS CO | US | SON | 2,630 | $127,555.00 |
| 844741108 | SOUTHWEST AIRLS CO | US | LUV | 1,145 | $65,585.60 |
| 845467AL3 | SOUTHWESTERN ENERGY CO 6.70000 01/23/2025 | US | 70,000 | $67,935.00 | |
| 852061AK6 | SPRINT COMMUNICATIONS 9.00000 11/15/2018 | US | 25,000 | $25,781.25 | |
| 852061AR1 | SPRINT COMMUNICATIONS 7.00000 08/15/2020 | US | 25,000 | $26,000.00 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 3,425 | $81,926.00 |
| 85571BAJ4 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 50,000 | $48,750.00 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 2.99660 11/15/2027 | US | 926,148.24 | $927,071.24 | |
| 857949BL0 | SS INT BEARING FD .022% 01/02/15 | US | 2,514,286.41 | $2,514,286.41 | |
| 862121100 | STORE CAPITAL CORP | US | STOR | 1,190 | $29,535.80 |
| 866674104 | SUN COMMUNITIES | US | SUI | 620 | $56,649.40 |
| 867892101 | SUNSTONE HOTEL INVESTORS INC | US | SHO | 2,055 | $31,277.10 |
| 867914103 | SUNTRUST BANKS INC | US | STI | 705 | $47,968.20 |
| 871829107 | SYSCO CORP | US | SYY | 1,296 | $77,708.16 |
| 87243QAB2 | TENET HEALTHCARE CORP 6.00000 10/01/2020 | US | 35,000 | $36,181.25 | |
| 874039100 | TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 7,275 | $318,354.00 |
| 87470LAA9 | TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 | US | 85,000 | $86,487.50 | |
| 87612E106 | TARGET CORP | US | TGT | 1,306 | $90,675.58 |
| 876664103 | TAUBMAN CTRS INC | US | TCO | 200 | $11,382.00 |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 258,708.26 | $257,355.22 | |
| 87854WAA1 | TECHNIPLAS LLC 10.00000 05/01/2020 | US | 60,000 | $51,000.00 | |
| 88032WAG1 | TENCENT HOLDINGS LTD 3.59500 01/19/2028 | KY | 1,060,000 | $1,020,970.27 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 480 | $16,564.80 |
| 88161DAA9 | TESLA 2018-A A 2.32000 12/20/2019 | US | 339,828.02 | $339,154.11 | |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 6,185 | $642,559.65 |
| 88579Y101 | 3M CO | US | MMM | 1,509 | $331,255.68 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 1,005,320.63 | $990,832.55 | |
| 89613BAA5 | TAH 2013-SFR1 A 2.58900 11/17/2033 | US | 809,349.87 | $792,756.58 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 500,000 | $488,907.55 | |
| 896356AE2 | TRINIDAD DRILLING LTD 6.62500 02/15/2025 | CA | 75,000 | $69,937.50 | |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 75,000 | $77,250.00 | |
| 902653104 | UDR INC | US | UDR | 1,750 | $62,335.00 |
| 902973304 | U.S. BANCORP | US | USB | 2,999 | $151,449.50 |
| 903002103 | UMH PROPERTIES INC | US | UMH | 1,720 | $23,065.20 |
| 90320MAA3 | UPCB FINANCE IV LTD 5.37500 01/15/2025 | KY | 40,000 | $38,600.00 | |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 14,400 | $800,064.00 |
| 907818108 | UNION PAC CORP | US | UNP | 1,307 | $175,700.01 |
| 911312106 | UNITED PARCEL SERVICE | US | UPS | 1,500 | $156,990.00 |
| 912810FM5 | UNITED STATES TREAS BOND 6.25000 05/15/2030 | US | 1,259,000 | $1,708,403.98 | |
| 912810PT9 | UNITED STATES TREAS BOND 4.75000 02/15/2037 | US | 2,046,000 | $2,618,880.00 | |
| 912810QV3 | UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 | US | 990,545.85 | $964,626.67 | |
| 912810RK6 | US TREASURY N/B 2.50000 02/15/2045 | US | 1,420,000 | $1,296,582.03 | |
| 912828D23 | US TREASURY N/B 1.62500 04/30/2019 | US | 9,946,000 | $9,889,665.26 | |
| 912828K33 | UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | US | 1,647,673.55 | $1,641,257.80 | |
| 912828K58 | UNITED STATES TREAS NTS 1.37500 04/30/2020 | US | 5,127,000 | $5,028,665.73 | |
| 912828R36 | US TREASURY N/B 1.62500 05/15/2026 | US | 1,600,000 | $1,471,687.50 | |
| 912828RT9 | US TREASURY N/B 1.37500 11/30/2018 | US | 1,000,000 | $995,703.12 | |
| 912828S76 | US TREASURY N/B 1.12500 07/31/2021 | US | 2,200,000 | $2,107,273.43 | |
| 912828UH1 | UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 | US | 932,522.66 | $916,995.65 | |
| 912828X88 | US TREASURY N/B 2.37500 05/15/2027 | US | 1,500,000 | $1,455,292.97 | |
| 913017109 | UNITED TECHNOLOGIES CORP | US | UTX | 1,283 | $161,427.06 |
| 91704F104 | URBAN EDGE PROPERTIES | US | UE | 2,580 | $55,083.00 |
| 91913Y100 | VALERO ENERGY | US | VLO | 1,089 | $101,026.53 |
| 92276F100 | VENTAS INC | US | VTR | 530 | $26,250.90 |
| 92339V100 | VEREIT INC | US | VER | 3,645 | $25,369.20 |
| 92343VDV3 | VERIZON COMMUNICATIONS 5.50000 03/16/2047 | US | 1,430,000 | $1,584,624.31 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 1,360 | $221,652.80 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 5,580 | $667,479.60 |
| 92903PAC3 | VNO 2010 - VNO A2FX 4.00350 09/13/2028 | US | 50,000 | $51,381.35 | |
| 929042109 | VORNADO REALTY TRUST | US | VNO | 880 | $59,224.00 |
| 931142103 | WAL MART STORES | US | WMT | 3,708 | $329,900.76 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 2,542 | $213,833.04 |
| 948565AC0 | WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 | US | 70,000 | $69,650.00 | |
| 94856TAA2 | WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 | US | 75,000 | $74,062.50 | |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 8,865 | $464,614.65 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 675 | $36,740.25 |
| 962166104 | WEYERHAEUSER CO | US | WY | 16,415 | $574,525.00 |
| 962178AL3 | TRI POINTE HOLDINGS INC 4.37500 06/15/2019 | US | 50,000 | $50,125.00 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 45,000 | $45,661.50 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 670,000 | $640,544.84 | |
| 97651JAE6 | WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 | US | 444,581.86 | $446,596.26 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 507,666.69 | $503,098.25 | |
| 98416JAE0 | XERIUM TECHNOLOGIES INC 9.50000 08/15/2021 | US | 50,000 | $51,500.00 | |
| 98919V105 | ZAYO GROUP HOLDINGS INC | US | ZAYO | 13,010 | $444,421.60 |
| B15C557 | TOTAL SA | FR | FP FP | 1,140 | $65,344.51 |
| B1YY4B3 | UNIBAIL-RODAMCO SE | FR | UL NA | 190 | $43,400.53 |
| B29TNV3 | INNERGEX RENEWABLE ENERGY | CA | INE CN | 3,905 | $39,918.38 |
| B3FP8W8 | CANADA HOUSING TRUST 4.10000 12/15/2018 | CA | 110,000 | $86,878.10 | |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 400,000 | $21,548.51 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 140,000 | $112,142.35 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 1,100,000 | $58,934.71 | |
| B4YN9R2 | SINGAPORE GOVERNMENT 2.50000 06/01/2019 | SG | 240,000 | $184,555.54 | |
| B5W0S97 | ROYAL BANK OF CANADA 3.77000 03/30/2018 | CA | 125,000 | $97,044.67 | |
| B615Y14 | MEX BONOS DESARR FIX RT 8.00000 06/11/2020 | MX | 1,800,000 | $100,577.23 | |
| B68XHC3 | NORTHLAND POWER INC | CA | NPI CN | 2,315 | $41,346.02 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 350,000 | $19,699.53 | |
| BBG00HGG4WB2 | BABA US 04/20/18 P175 | CN | -10 | -$2,950.00 | |
| BBG00HH5X1Q5 | MA US 04/20/18 P160 | US | -11 | -$803.00 | |
| BBG00HJYYS71 | REGN US 04/20/18 C360 | US | -5 | -$2,450.00 | |
| BBG00K1PWX55 | LULU US 03/29/18 C90 | CA | -20 | -$60.00 | |
| BBG00K4117D7 | QRVO US 04/20/18 P67.5 | US | -27 | -$3,645.00 | |
| BBG00K4BM7W1 | UL US 04/20/18 P47.5 | GB | -39 | -$195.00 | |
| BBG00K5JF822 | MDT US 04/06/18 P77.5 | IE | -24 | -$480.00 | |
| BBG00K996BS5 | AMZN US 04/27/18 P1350 | US | -1 | -$3,600.00 | |
| BBG00KCSQKF1 | SCHW US 04/20/18 P50.5 | US | -36 | -$3,600.00 | |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 17,145 | $30,462.75 |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 6,520 | $349,990.79 |
| BP269Z8 | AXIA REAL ESTATE SOCIMI SA | ES | AXIA SM | 720 | $14,650.74 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 12,870 | $404,615.87 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 7,860 | $864,182.52 |
| G29183103 | EATON CORP PLC | US | ETN | 1,114 | $89,019.74 |
| G3157S106 | ENSCO INTERNATIONAL INC | US | ESV | 14,270 | $62,645.30 |
| G37585AC3 | GASLOG LTD 8.87500 03/22/2022 | BM | 65,000 | $67,437.50 | |
| G5960L103 | MEDTRONIC INC | IE | MDT | 11,246 | $902,154.12 |
| G96629103 | WILLIS TOWERS WATSON PLC | GB | WLTW | 290 | $44,135.10 |
| G97822103 | PERRIGO CO PLC | IE | PRGO | 715 | $59,588.10 |
| H1467J104 | CHUBB LTD | CH | CB | 455 | $62,230.35 |
| H8817H100 | TRANSOCEAN LTD | US | RIG | 25,800 | $255,420.00 |
| N47279109 | INTERXION HOLDING NX | NL | INXN | 1,320 | $81,985.20 |
| N53745100 | LYONDELLBASELL INDU-CL A | US | LYB | 930 | $98,282.40 |
Investments will change over time.
Daily Price
$26.78
Daily $ Change
-$0.11
Daily % Change
-0.41%
as of 04/19/2018
CUSIP
563821149
Inception Date
01/01/2000
This fund is only available for use within certain qualified employee benefit plans.
Important Documents
| Annual Report | |
| Fact Sheet | |
| Applications & Forms |
Investment Objective
To provide capital preservation, with income and capital growth as secondary objectives.
Investment Strategy
The portfolio is invested in a conservative mix of securities that seeks stability with some growth and income potential. Holdings are diversified primarily among fixed income securities, typically focusing on short to intermediate-term maturities. Stock investments may be focused on dividend paying securities in pursuit of growth opportunities and income generation.
The fund manager will adjust the investment mix over time to manage risk by continually evaluating individual securities and market conditions to determine the relative attractiveness of each investment. In general, stock exposure will increase when valuations are low and decrease during speculative markets.
May be Appropriate for Investors
- Who seek to minimize declines in account value with the potential for modest growth and income generation
- Who want to assume a minimal amount of capital risk through limited stock exposure
About Our Risk-Based Funds
Risk-based funds offer professional management and asset allocation through a choice of investment objectives that range from fairly aggressive to fairly conservative. All an investor has to do is determine which objective best suits his or her current risk tolerance and investment time horizon, then decide when to move to a different objective as his or her personal situation changes over the years.
Time Horizon & Range of Stock Exposure
| Conservative Term | Moderate Term | Extended Term | Maximum Term |
| 0-5 Years | 3-10 Years | 7-20 Years | 15+ Years |
| 15-45% | 20-60% | 40-70% | 70-95% |
Generally, the longer your time horizon, the more aggressive your investment objective can be. Greater stock exposure is typically associated with higher return potential and higher capital risk.
Annualized Performance
As of 03/31/2018
YTD
-1.14%
1 Year
4.20%
3 Year
2.50%
5 Year
3.25%
10 Year
4.58%
Inception
(---)
---
US Stock Market Cycle (04/01/2000 - 03/31/2018)
5.50%
Returns are net of Pro-Mix® CIT Class S expenses. Performance data quoted represents past performance and does not guarantee future results. Your investment may fluctuate in value and there is a potential for loss as well as profit.
Expense Ratio
| Gross | 0.86% |
| Net | 0.85%* |
*Reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
Top Ten Investments
As of 03/31/2018
| TREASURY NOTES | 13.30% |
| GOVERNMENT AGENCY | 8.14% |
| TREASURY BONDS | 3.57% |
| KFW 1.50000 06/15/2021 | 1.10% |
| SWEDISH EXPORT CREDIT 1.12500 08/28/2019 | 1.06% |
| NATIONAL BANK OF CANADA 1.40000 04/20/2018 | 1.05% |
| UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | 1.04% |
| VERIZON COMMUNICATIONS 5.50000 03/16/2047 | 1.01% |
| CITIGROUP INC 8.12500 07/15/2039 | 0.99% |
| SCGT 2013-SRP1 AJ FLT 3.97660 11/15/2026 | 0.98% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 03/31/2018
| Bonds | 70.03% | |
| Stocks | 28.40% | |
| Cash | 1.57% |
Detailed Asset Class Allocation
As of 03/31/2018
| International Equities | 6.11% | |
| Small Capitalization | 0.95% | |
| Mid Capitalization | 3.14% | |
| Large Capitalization | 18.20% | |
| Long Term Fixed Income | 19.48% | |
| Intermediate Term Fixed Income | 31.91% | |
| Short Term Fixed Income | 18.64% | |
| Cash | 1.57% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
March Fund Holdings
As of 03/31/2018
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 000375204 | ABB LTD-SPON ADR | CH | ABB | 4,582 | $108,776.68 |
| 00163UAB2 | AMAG PHARMACEUTICALS INC 7.87500 09/01/2023 | US | 55,000 | $54,312.50 | |
| 00206REM0 | AT&T INC 3.90000 08/14/2027 | US | 930,000 | $936,402.63 | |
| 00254EML3 | SWEDISH EXPORT CREDIT 1.12500 08/28/2019 | SE | 1,700,000 | $1,669,893.00 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 2,572 | $243,439.80 |
| 00289XAA7 | ABENGOA YIELD PLC 7.00000 11/15/2019 | GB | 450,000 | $464,625.00 | |
| 004239109 | ACADIA REALTY TRUST | US | AKR | 770 | $18,942.00 |
| 0045614 | ANTOFAGASTA PLC | GB | ANTO LN | 12,340 | $159,541.75 |
| 00772BAF8 | AERCAP IRELAND CAP LTD/A 4.50000 05/15/2021 | IE | 875,000 | $896,291.39 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 340 | $16,333.60 |
| 00928QAK7 | AIRCASTLE LTD 6.25000 12/01/2019 | BM | 25,000 | $26,000.00 | |
| 009563AD9 | AIRXCEL INC 8.50000 02/15/2022 | US | 94,000 | $101,637.50 | |
| 015271109 | ALEXANDRIA REAL EST EQUITIES | US | ARE | 325 | $40,589.25 |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 2,480 | $455,179.20 |
| 01609WAT9 | ALIBABA GROUP HOLDING 3.40000 12/06/2027 | KY | 1,620,000 | $1,537,550.08 | |
| 01748XAA0 | ALLEGIANT TRAVEL CO 5.50000 07/15/2019 | US | 50,000 | $50,750.00 | |
| 020002101 | ALLSTATE CORPORATION | US | ALL | 435 | $41,238.00 |
| 02005NAT7 | ALLY FINANCIAL INC 3.50000 01/27/2019 | US | 55,000 | $55,068.75 | |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 295 | $304,378.05 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 290 | $300,770.60 |
| 023135106 | AMAZON.COM INC | US | AMZN | 140 | $202,627.60 |
| 02319V103 | AMBEV SA-ADR | BR | ABEV | 96,200 | $699,374.00 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 22,790 | $770,749.45 |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 985 | $38,040.70 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 2,825 | $56,726.00 |
| 02666TAA5 | AMERICAN HOMES 4 RENT 4.25000 02/15/2028 | US | 1,050,000 | $1,028,929.55 | |
| 026874784 | AMERICAN INTL GROUP INC | US | AIG | 670 | $36,461.40 |
| 026874CY1 | AMERICAN INTL GROUP 4.12500 02/15/2024 | US | 650,000 | $659,584.37 | |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 1,135 | $164,960.90 |
| 03063NAA5 | AMERICOLD LLC TRUST 3.84730 01/14/2029 | US | 38,542.45 | $39,030.61 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 865 | $16,504.20 |
| 031162100 | AMGEN INC | US | AMGN | 1,120 | $190,937.60 |
| 034863AT7 | ANGLO AMERICAN CAPITAL 4.00000 09/11/2027 | GB | 1,070,000 | $1,026,133.63 | |
| 03748R101 | APARTMENT INVT & MGMT CO -A | US | AIV | 1,165 | $47,473.75 |
| 037612306 | APOLLO GLOBAL MANAGMENT - A | US | APO | 1,890 | $55,981.80 |
| 037833100 | APPLE COMPUTER INC | US | AAPL | 855 | $143,451.90 |
| 04014Y101 | ARES MANAGEMENT LP | US | ARES | 1,890 | $40,446.00 |
| 04621WAC4 | ASSURED GUARANTY US HLDG 5.00000 07/01/2024 | US | 1,060,000 | $1,129,963.81 | |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 913 | $103,607.24 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 705 | $115,944.30 |
| 054937107 | BB & T CORPORATION | US | BBT | 1,898 | $98,771.92 |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 4,155 | $168,443.70 |
| 058498106 | BALL CORP | US | BLL | 15,485 | $614,909.35 |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 8,585 | $257,464.15 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 706,000 | $704,611.15 | |
| 06652K103 | BANKUNITED INC | US | BKU | 1,120 | $44,777.60 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 6,820 | $552,897.40 |
| 09062X103 | BIOGEN IDEC INC | US | BIIB | 1,460 | $399,777.20 |
| 09247X101 | BLACKROCK INC | US | BLK | 835 | $452,336.20 |
| 09253U108 | BLACKSTONE GROUP LP/THE | US | BX | 1,855 | $59,267.25 |
| 09627J102 | BLUEROCK RESIDENTIAL GROWTH | US | 1,480 | $12,580.00 | |
| 096630AE8 | BOARDWALK PIPELINES LP 5.95000 06/01/2026 | US | 1,420,000 | $1,521,773.79 | |
| 097023105 | BOEING CO | US | BA | 857 | $280,993.16 |
| 09857L108 | BOOKING HOLDINGS INC | US | BKNG | 580 | $1,206,626.20 |
| 0989529 | ASTRAZENECA PLC | GB | AZN LN | 1,290 | $88,675.99 |
| 101121101 | BOSTON PROPERTIES INC | US | BXP | 635 | $78,244.70 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 1,895 | $30,092.60 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 7,435 | $470,263.75 |
| 11133T103 | BROADRIDGE FINANCIAL SOLUTIONS | US | BR | 370 | $40,585.30 |
| 12467AAD0 | C&S GROUP ENTERPRISES 5.37500 07/15/2022 | US | 100,000 | $94,237.00 | |
| 125896100 | CMS ENERGY CORP | US | CMS | 1,770 | $80,163.30 |
| 12592BAB0 | CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 | US | 1,020,000 | $1,017,450.00 | |
| 12626K203 | CRH PLC -SPONSORED ADR | IE | CRH | 2,179 | $74,129.58 |
| 126307AH0 | CSC HOLDINGS LLC 5.25000 06/01/2024 | US | 95,000 | $90,368.75 | |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 541,741.22 | $503,099.90 | |
| 126650100 | CVS HEALTH CORP | US | CVS | 1,688 | $105,010.48 |
| 134429109 | CAMPBELL SOUP CO | US | CPB | 1,895 | $82,072.45 |
| 14041NFF3 | CAPITAL ONE MULTI-ASSET 1.33000 06/15/2022 | US | 350,000 | $343,958.83 | |
| 14314WAD3 | CARMX 2017-3 A3 1.97000 04/15/2022 | US | 398,000 | $392,283.61 | |
| 14912Y202 | CATCHMARK TIMBER TRUST INC | US | CTT | 13,665 | $170,402.55 |
| 149806AA9 | CAZ 2015-1A A 2.00000 12/10/2023 | US | 109,611.01 | $109,474.00 | |
| 156504AH5 | CENTURY COMMUNITIES 5.87500 07/15/2025 | US | 95,000 | $90,487.50 | |
| 16411QAA9 | CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 | US | 50,000 | $49,312.50 | |
| 16412XAD7 | CHENIERE CORP CHRISTI HD 7.00000 06/30/2024 | US | 140,000 | $154,875.00 | |
| 165240102 | CHESAPEAKE LODGING TRUST | US | CHSP | 1,335 | $37,126.35 |
| 166764100 | CHEVRON CORP | US | CVX | 1,125 | $128,295.00 |
| 16941R108 | CHINA PETROLEUM & CHEM-ADR | CN | SNP | 1,961 | $173,509.28 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 6,819 | $292,466.91 |
| 172967424 | CITIGROUP INC | US | C | 3,175 | $214,312.50 |
| 172967EW7 | CITIGROUP INC 8.12500 07/15/2039 | US | 1,030,000 | $1,559,734.16 | |
| 19238VAG0 | COGECO CABLE INC 4.87500 05/01/2020 | CA | 35,000 | $35,087.50 | |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 1,629 | $116,766.72 |
| 19625JAA1 | CAH 2015-1A A 2.91794 07/17/2032 | US | 878,185.05 | $880,954.41 | |
| 19625W104 | COLONY NORTHSTAR INC-CLASS A | US | CLNS | 11,662 | $65,540.44 |
| 198287203 | COLUMBIA PROPERTY TRUST INC | US | CXP | 950 | $19,437.00 |
| 199908104 | COMFORT SYSTEMS | US | FIX | 1,900 | $78,375.00 |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 4,573 | $117,709.02 |
| 2099084 | BORALEX INC -A | CA | BLX CN | 2,355 | $40,890.56 |
| 21871N101 | CORECIVIC INC | US | CXW | 4,755 | $92,817.60 |
| 21987BAK4 | CODELCO INC 5.62500 09/21/2035 | CL | 900,000 | $1,031,634.23 | |
| 222795106 | COUSINS PROPERTIES INC | US | CUZ | 9,210 | $79,942.80 |
| 22282E102 | COVANTA HOLDING CORP | US | CVA | 5,930 | $85,985.00 |
| 22663AAA7 | ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 | US | 50,000 | $48,750.00 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 1,385 | $151,809.85 |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 407,102.63 | $380,364.94 | |
| 229663109 | CUBESMART | US | CUBE | 2,600 | $73,320.00 |
| 23311RAC0 | DCP MIDSTREAM OPERATING 9.75000 03/15/2019 | US | 35,000 | $36,925.00 | |
| 23918K108 | DAVITA INC. | US | DVA | 13,140 | $866,451.60 |
| 23918KAR9 | DAVITA INC 5.00000 05/01/2025 | US | 70,000 | $67,658.50 | |
| 247361702 | DELTA AIR LINES INC. | US | DAL | 1,290 | $70,704.90 |
| 25271C102 | DIAMOND OFFSHORE DRILLING | US | DO | 10,300 | $150,998.00 |
| 253393102 | DICK'S SPORTING GOODS INC | US | DKS | 2,390 | $83,769.50 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 1,335 | $140,682.30 |
| 256677105 | DOLLAR GENERAL CORP | US | DG | 1,620 | $151,551.00 |
| 26078J100 | DOWDUPONT INC | US | DWDP | 2,386 | $152,012.06 |
| 26780TAA5 | DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 | MH | 100,000 | $100,500.00 | |
| 269246401 | ETRADE FINANCIAL CORP | US | ETFC | 5,530 | $306,417.30 |
| 269246BP8 | E*TRADE FINANCIAL CORP 2.95000 08/24/2022 | US | 460,000 | $447,790.38 | |
| 277276101 | EASTGROUP PROPERTIES | US | EGP | 150 | $12,399.00 |
| 28140H203 | EDUCATION REALTY TRUST INC | US | EDR | 375 | $12,281.25 |
| 28370TAG4 | KINDER MORGAN ENER PART 4.30000 05/01/2024 | US | 880,000 | $886,130.56 | |
| 285512109 | ELECTRONIC ARTS | US | EA | 4,370 | $529,818.80 |
| 2866857 | LUNDIN MINING CORP | CA | LUN CN | 23,905 | $156,787.56 |
| 291011104 | EMERSON ELEC CO | US | EMR | 1,413 | $96,507.90 |
| 29250NAR6 | ENBRIDGE INC 3.70000 07/15/2027 | CA | 485,000 | $464,910.07 | |
| 294429105 | EQUIFAX INC | US | EFX | 3,340 | $393,485.40 |
| 29444U700 | EQUINIX INC | US | EQIX | 515 | $215,342.10 |
| 294628102 | EQUITY COMMONWEALTH | US | EQC | 855 | $26,222.85 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 465 | $40,813.05 |
| 29476L107 | EQUITY RESIDENTIAL | US | EQR | 950 | $58,539.00 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 160 | $38,508.80 |
| 298736109 | EURONET WORLDWIDE INC | US | EEFT | 4,295 | $338,961.40 |
| 30161N101 | EXELON CORP | US | EXC | 1,255 | $48,957.55 |
| 302154BV0 | EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | KR | 1,550,000 | $1,525,737.85 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 655 | $57,220.80 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 3,785 | $282,398.85 |
| 302491303 | FMC CORP | US | FMC | 1,515 | $116,003.55 |
| 30251JAA9 | FDIC 2011-R1 A 2.67200 07/25/2026 | US | 77,596.95 | $77,399.38 | |
| 30262SAR9 | FREMF 2015-K42 B FLT 3.85233 12/25/2024 | US | 180,000 | $181,163.14 | |
| 30287EAE0 | FREMF 2014-K41 B FLT 3.83208 11/25/2047 | US | 700,000 | $700,044.24 | |
| 30291EAE4 | FREMF 2013-K712 B FLT 3.36434 05/25/2045 | US | 1,150,000 | $1,156,596.40 | |
| 30291HAA5 | FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 11,110,955.87 | $43,148.29 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 5,385 | $860,469.15 |
| 3128M1AM1 | FHLM POOL G11912 5.50000 03/01/2021 | US | 19,792.79 | $20,193.42 | |
| 3128M6HZ4 | FHLM POOL G04448 5.50000 07/01/2038 | US | 197,994.85 | $217,183.69 | |
| 3128M6SU3 | FHLM POOL G04731 5.50000 04/01/2038 | US | 4,476.34 | $4,909.23 | |
| 3128M73P9 | FHLM POOL G05906 6.00000 04/01/2040 | US | 17,737.16 | $19,905.46 | |
| 3128M82W3 | FHLM POOL G06789 6.00000 05/01/2040 | US | 156,139.34 | $173,948.99 | |
| 3128M9ZU9 | FHLM POOL G07655 5.50000 12/01/2035 | US | 51,859.53 | $57,287.96 | |
| 3128MB4Q7 | FHLM POOL G13331 5.50000 10/01/2023 | US | 120,863.91 | $125,733.34 | |
| 3128MBDP9 | FHLM POOL G12610 6.00000 03/01/2022 | US | 9,365.8 | $9,757.94 | |
| 3128MBUB1 | FHLM POOL G13078 6.00000 03/01/2023 | US | 8,197.7 | $8,567.64 | |
| 3128MJ2U3 | FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 723,387.3 | $760,413.00 | |
| 3128MJJT8 | FHLM POOL G08273 5.50000 06/01/2038 | US | 108,847.01 | $119,386.46 | |
| 3128P75F6 | FHLM POOL C91746 4.50000 12/01/2033 | US | 56,006.72 | $58,958.10 | |
| 312941ZQ3 | FHLM POOL Q93451 4.50000 08/01/2040 | US | 544,507.09 | $576,085.65 | |
| 3132QUNJ8 | FHLM POOL Q37592 4.00000 12/01/2045 | US | 179,127.3 | $184,457.23 | |
| 3132WJYG0 | FHLM POOL Q45210 4.00000 01/01/2047 | US | 409,273.36 | $420,843.16 | |
| 3132WPDP9 | FHLM GOLD POOL FG Q49109 4.00000 07/01/2047 | US | 521,071.29 | $535,518.16 | |
| 3132XSLZ1 | FHLM GOLD POOL FG Q50343 4.00000 08/01/2047 | US | 569,509.81 | $585,145.95 | |
| 3132XTPU6 | FHLM GOLD POOL FG Q51334 4.00000 10/01/2047 | US | 636,479.84 | $653,978.19 | |
| 31336WBS7 | FHLM POOL G11850 5.50000 07/01/2020 | US | 13,897.13 | $14,113.58 | |
| 31371MLB1 | FEDERAL NATL MTG ASSN 256022 5.50000 12/01/2035 | US | 64,267.05 | $70,605.23 | |
| 31371MRU3 | FEDERAL NATL MTG ASSN 256199 5.00000 04/01/2021 | US | 9,204.45 | $9,354.30 | |
| 31371NDQ5 | FEDERAL NATL MTG ASSN 256711 5.50000 05/01/2037 | US | 8,822.61 | $9,680.99 | |
| 3137A2B34 | FHMS K009 X1 FLT 1.29512 08/25/2020 | US | 1,134,961.45 | $28,802.94 | |
| 3137ADTK3 | FHMS K014 X1 FLT 1.17939 04/25/2021 | US | 11,586,653.71 | $350,606.35 | |
| 3137AJMG6 | FMHS K016 X1 FLT 1.52075 10/25/2021 | US | 2,580,077.33 | $113,963.31 | |
| 3137AL6W4 | FHMS K706 X1 FLT 1.54720 10/25/2018 | US | 3,548,323.01 | $19,170.52 | |
| 3137AUPF0 | FHMS K021 x1 FLT 1.46192 06/25/2022 | US | 16,222,527.25 | $818,950.49 | |
| 3137B3NB0 | FHMS K030 X1 FLT 0.20508 04/25/2023 | US | 30,957,982.35 | $279,002.62 | |
| 3137B4GZ3 | FHMS K032 X1 FLT 0.10903 05/25/2023 | US | 18,180,066.54 | $99,512.23 | |
| 3138A7BL1 | FEDERAL NATL MTG ASSN AH5442 4.50000 05/01/2041 | US | 295,931.62 | $312,580.31 | |
| 3138AJ4A7 | FEDERAL NATL MTG ASSN AI5316 4.50000 07/01/2041 | US | 32,089.63 | $33,612.76 | |
| 3138EPLE2 | FEDERAL NATL MTG ASSN AL6624 4.50000 09/01/2042 | US | 118,891.52 | $125,583.14 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.65200 01/01/2049 | US | 764,099.68 | $827,864.18 | |
| 3138WDRZ6 | FEDERAL NATL MTG ASSN AS4103 4.50000 12/01/2044 | US | 734,247.8 | $776,913.61 | |
| 3138YTGK4 | FEDERAL NATL MTG ASSN AZ2001 3.50000 05/01/2045 | US | 1,095,585.6 | $1,100,307.27 | |
| 31403DDX4 | FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 | US | 73,409.89 | $80,669.59 | |
| 31403DVZ9 | FEDERAL NATL MTG ASSN 745932 6.50000 11/01/2036 | US | 12,359.1 | $13,853.86 | |
| 31406PTV1 | FEDERAL NATL MTG ASSN 816064 4.50000 04/01/2020 | US | 9,435.99 | $9,506.68 | |
| 3140F4UB0 | FEDERAL NATL MTG ASSN BC8677 4.00000 05/01/2046 | US | 766,903.77 | $787,545.51 | |
| 3140F9M51 | FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 | US | 124,723.9 | $128,080.93 | |
| 3140FA5G3 | FEDERAL NATL MTG ASSN FN BD3546 4.00000 09/01/2047 | US | 360,674.78 | $370,848.28 | |
| 3140FPGW3 | FEDERAL NATL MTG ASSN BE3812 4.00000 12/01/2046 | US | 609,655.42 | $626,218.45 | |
| 31410FSE6 | FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 | US | 6,464.1 | $6,718.83 | |
| 31410FV51 | FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 | US | 8,133.69 | $8,449.52 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 65,260.79 | $67,182.41 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 78,537.06 | $80,870.70 | |
| 31410KLD4 | FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 | US | 20,322.83 | $22,228.06 | |
| 31410WSY5 | FEDERAL NATL MTG ASSN 899735 6.50000 09/01/2037 | US | 13,861.48 | $15,469.11 | |
| 31411JXP6 | FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 | US | 49,495.35 | $54,197.77 | |
| 31411RHZ4 | FEDERAL NATL MTG ASSN 912948 5.00000 05/01/2038 | US | 4,582.47 | $4,898.86 | |
| 31412SY41 | FEDERAL NATL MTG ASSN 933731 5.50000 04/01/2038 | US | 14,721.23 | $16,100.61 | |
| 31413CCL1 | FEDERAL NATL MTG ASSN 941175 6.00000 11/01/2037 | US | 5,871.11 | $6,532.17 | |
| 31413MR66 | FEDERAL NATL MTG ASSN 949709 6.50000 09/01/2037 | US | 19,610.88 | $21,916.42 | |
| 31413S6R0 | FEDERAL NATL MTG ASSN 954580 6.00000 02/01/2038 | US | 12,173.93 | $13,638.14 | |
| 31414CQ50 | FEDERAL NATL MTG ASSN 962276 6.00000 03/01/2038 | US | 2,727.82 | $3,039.45 | |
| 31414DJ23 | FEDERAL NATL MTG ASSN 962981 6.00000 05/01/2038 | US | 14,870.61 | $16,574.67 | |
| 31414QX28 | FEDERAL NATL MTG ASSN 973297 4.50000 03/01/2023 | US | 11,581.74 | $12,023.49 | |
| 31414UF52 | FEDERAL NATL MTG ASSN 976388 4.50000 04/01/2023 | US | 53,482.5 | $54,230.29 | |
| 31415ALX7 | FEDERAL NATL MTG ASSN 981042 6.00000 04/01/2038 | US | 12,929.28 | $14,367.07 | |
| 31415BBC2 | FEDERAL NATL MTG ASSN 981635 5.00000 06/01/2038 | US | 15,764.38 | $16,967.80 | |
| 31415BBT5 | FEDERAL NATL MTG ASSN 981650 5.00000 06/01/2038 | US | 12,514.05 | $13,436.37 | |
| 31416BVW5 | FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 | US | 44,037.61 | $45,271.17 | |
| 31417YJC2 | FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 20,313.6 | $21,481.10 | |
| 31418B6G6 | FEDERAL NATL MTG ASSN FN MA2670 3.00000 07/01/2046 | US | 451,782.76 | $441,037.39 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 288,346.39 | $304,636.58 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 260,022.69 | $274,630.37 | |
| 31418CAF1 | FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 | US | 498,382.03 | $486,529.36 | |
| 31418CRE6 | FEDERAL NATL MTG ASSN FN MA3184 4.50000 11/01/2047 | US | 628,712.24 | $659,734.95 | |
| 31418MG63 | FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 35,890.73 | $40,256.65 | |
| 31418MJC7 | FEDERAL NATL MTG ASSN AD0258 5.50000 03/01/2039 | US | 122,302.16 | $133,809.67 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 21,599.9 | $23,674.87 | |
| 31418MSR4 | FEDERAL NATL MTG ASSN AD0527 5.50000 06/01/2039 | US | 67,334.53 | $73,708.51 | |
| 31428X106 | FEDEX CORPORATION | US | FDX | 1,800 | $432,198.00 |
| 316773100 | FIFTH THIRD BANCORP | US | FITB | 1,625 | $51,593.75 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 1,885 | $55,098.55 |
| 345605109 | FOREST CITY REALTY TRUST - A | US | FCE/A | 1,410 | $28,566.60 |
| 357081AE8 | FREMF 2015-K720 B FLT 3.38864 07/25/2022 | US | 100,000 | $99,186.56 | |
| 35802XAA1 | FRESENIUS MED CARE US 6.50000 09/15/2018 | US | 40,000 | $40,600.42 | |
| 36143WAN1 | GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 | US | 1,100,000 | $1,101,815.55 | |
| 36143WAS0 | GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 | US | 440,000 | $436,989.26 | |
| 36174X101 | GGP INC | US | GGP | 1,950 | $39,897.00 |
| 36246MAT6 | GTP AQUISITION PARTNERS 2.35000 06/15/2020 | US | 115,000 | $113,664.70 | |
| 36248EAA3 | GSMS 2010-C2 3.84900 12/10/2043 | US | 27,722.24 | $28,120.08 | |
| 36294VKJ8 | GNMA POOL 660997 5.50000 05/15/2037 | US | 36,876.14 | $40,166.89 | |
| 363576109 | ARTHUR J GALLAGHER & CO | US | AJG | 690 | $47,423.70 |
| 369604103 | GENERAL ELEC CO | US | GE | 1,300 | $17,524.00 |
| 370334104 | GENERAL MLS INC | US | GIS | 1,324 | $59,659.44 |
| 371559105 | GENESEE & WYOMING INC -CL A | US | GWR | 3,820 | $270,417.80 |
| 374297109 | GETTY REALTY CORP | US | GTY | 1,310 | $33,038.20 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 2,051 | $154,624.89 |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 105,000 | $105,420.00 | |
| 37954A204 | GLOBAL MEDICAL REIT INC | US | GMRE | 2,150 | $14,942.50 |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 10,300 | $158,105.00 |
| 39807UAB2 | GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 | US | 50,000 | $49,875.00 | |
| 40412CAC5 | HCA HEALTHCARE INC 6.25000 02/15/2021 | US | 25,000 | $26,250.00 | |
| 40414L109 | HCP INC | US | HCP | 2,475 | $57,494.25 |
| 410345AL6 | HANESBRANDS INC 4.87500 05/15/2026 | US | 45,000 | $43,650.00 | |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 1,305 | $34,517.25 |
| 42809H107 | HESS CORP | US | HES | 2,660 | $134,649.20 |
| 431318AQ7 | HILCORP ENERGY I/HILCORP 5.75000 10/01/2025 | US | 60,000 | $59,400.00 | |
| 431475AB8 | HILL-ROM HOLDINGS INC 5.00000 02/15/2025 | US | 70,000 | $69,387.50 | |
| 437076102 | HOME DEPOT INC | US | HD | 1,792 | $319,406.08 |
| 438128308 | HONDA MOTOR CO LTD -SPONS ADR | JP | HMC | 3,634 | $126,208.82 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 1,204 | $173,990.04 |
| 44107P104 | HOST MARRIOTT CORP | US | HST | 1,655 | $30,849.20 |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 100,000 | $98,000.00 | |
| 446150104 | HUNTINGTON BANCSHARES | US | HBAN | 3,040 | $45,904.00 |
| 45031UCD1 | ISTAR INC 5.25000 09/15/2022 | US | 75,000 | $72,562.50 | |
| 45337C102 | INCYTE CORP | US | INCY | 7,115 | $592,892.95 |
| 45378A106 | INDEPENDENCE REALTY TRUST IN | US | IRT | 2,410 | $22,123.80 |
| 456788108 | INFOSYS LIMITED-SP ADR | IN | INFY | 5,114 | $91,284.90 |
| 45763PAE6 | INMARSAT FINANCE PLC 4.87500 05/15/2022 | GB | 85,000 | $82,662.50 | |
| 458140100 | INTEL CORP | US | INTC | 10,703 | $557,412.24 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 1,402 | $215,108.86 |
| 459745GH2 | INTL LEASE FINANCE CORP 6.25000 05/15/2019 | US | 50,000 | $51,716.15 | |
| 46115HBD8 | INTESA SANPAOLO SPA 3.87500 01/12/2028 | IT | 460,000 | $433,859.58 | |
| 46186YAA2 | IHSFR 2015-SFR3 A FLT 3.05032 08/17/2032 | US | 942,491.81 | $943,145.99 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 2.65820 12/17/2036 | US | 159,269.03 | $160,439.94 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 2.95820 12/17/2036 | US | 120,000 | $120,578.11 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 2,111 | $48,194.13 |
| 466032109 | J&J SNACK FOODS CORP | US | JJSF | 625 | $85,350.00 |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 6,215 | $683,463.55 |
| 46625HHL7 | JPMORGAN CHASE & CO 6.30000 04/23/2019 | US | 1,480,000 | $1,535,618.40 | |
| 46635GAE0 | JP MORGAN CHASE COMMERCIAL MORTG 4.06980 11/15/2043 | US | 48,917.04 | $49,909.98 | |
| 46639GAL0 | JPMMT 2013-1 1A2 3.00000 03/25/2043 | US | 278,265.39 | $276,928.32 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 315,236.27 | $313,524.54 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 375,283.1 | $373,817.24 | |
| 46649HAE2 | JPMMT 2017-6 A5 3.50000 12/25/2048 | US | 384,713.29 | $384,773.31 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 8,956 | $1,147,711.40 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 95,000 | $85,500.00 | |
| 485170302 | KANSAS CITY SOUTHERN | US | KSU | 1,210 | $132,918.50 |
| 493267108 | KEYCORP | US | KEY | 4,320 | $84,456.00 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 744 | $81,936.72 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 1,280,000 | $1,543,065.68 | |
| 497864AA6 | KISSNER GR HLDG 8.37500 12/01/2022 | CA | 85,000 | $86,700.00 | |
| 500472303 | KONINKLIJKE PHILIPS NVR - NY ADR | NL | PHG | 2,193 | $84,013.83 |
| 500769GZ1 | KFW 1.50000 06/15/2021 | DE | 1,800,000 | $1,737,018.00 | |
| 50212YAB0 | LPL HOLDINGS INC 5.75000 09/15/2025 | US | 60,000 | $59,232.00 | |
| 50218LAC0 | LSTAR COMMERCIAL MORTGAGE TR FLT 2.76700 01/20/2041 | US | 10,399.19 | $10,354.29 | |
| 505742AD8 | LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 | US | 75,000 | $76,309.50 | |
| 512816109 | LAMAR ADVERTISING CO | US | LAMR | 960 | $61,113.60 |
| 515110BU7 | LANDWIRTSCH. RENTENBANK 2.37500 02/21/2020 | DE | 1,200,000 | $1,198,644.00 | |
| 517942108 | LASALLE HOTEL PROPERTIES | US | LHO | 785 | $22,772.85 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 200 | $16,704.00 |
| 532457108 | ELI LILLY & CO | US | LLY | 1,055 | $81,625.35 |
| 534187109 | LINCOLN NATL CORP IND | US | LNC | 580 | $42,374.80 |
| 539439AM1 | LLOYDS BANKING GROUP PLC 4.58200 12/10/2025 | GB | 893,000 | $892,954.35 | |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 512 | $173,020.16 |
| 550021109 | LULULEMON - ADR | CA | LULU | 6,070 | $540,958.40 |
| 554382101 | THE MACERICH CO | US | MAC | 385 | $21,567.70 |
| 559222AR5 | MAGNA INTERNATIONAL INC 4.15000 10/01/2025 | CA | 650,000 | $669,588.05 | |
| 55933JAB0 | MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 | US | 80,000 | $77,000.00 | |
| 5671735 | SANOFI-AVENTIS | FR | SAN FP | 943 | $75,666.48 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 4,160 | $728,665.60 |
| 580135101 | MCDONALDS CORP | US | MCD | 1,192 | $186,404.96 |
| 58933Y105 | MERCK & CO INC | US | MRK | 11,630 | $633,486.10 |
| 59001ABA9 | MERITAGE HOMES CORP 5.12500 06/06/2027 | US | 50,000 | $47,250.00 | |
| 594918104 | MICROSOFT CORP | US | MSFT | 10,155 | $926,846.85 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 690 | $62,955.60 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 1,915 | $79,912.95 |
| 6174467X1 | MORGAN STANLEY 5.00000 11/24/2025 | US | 630,000 | $658,798.32 | |
| 61744YAG3 | MORGAN STANLEY FLT 3.01070 05/08/2024 | US | 1,500,000 | $1,524,060.00 | |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 135,000 | $134,831.25 | |
| 624758108 | MUELLER WATER PRODUCTS INC - A | US | MWA | 7,260 | $78,916.20 |
| 62942M201 | NTT DOCOMO INC -SPON ADR | JP | DCM | 6,818 | $174,336.26 |
| 62944TAE5 | NVR INC 3.95000 09/15/2022 | US | 670,000 | $683,472.11 | |
| 633067D34 | NATIONAL BANK OF CANADA 1.40000 04/20/2018 | CA | 1,650,000 | $1,649,245.95 | |
| 637417106 | NATIONAL RETAIL PROPERTIES | US | NNN | 595 | $23,359.70 |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 412,780.94 | $416,632.39 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 492,177.23 | $497,076.51 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 608,108.71 | $613,742.53 | |
| 651229106 | NEWELL BRANDS INC | US | NWL | 2,880 | $73,382.40 |
| 654106103 | NIKE INC CLASS B | US | NKE | 1,105 | $73,416.20 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 155,000 | $158,100.00 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 10,600 | $857,010.00 |
| 67103H107 | O'REILLY AUTOMOTIVE INC | US | ORLY | 425 | $105,136.50 |
| 680223104 | OLD REPUBLIC INTL CORP | US | ORI | 2,090 | $44,830.50 |
| 683235AA3 | ONTARIO (PROVINCE OF) 2.00000 09/27/2018 | CA | 450,000 | $449,590.36 | |
| 68323ADY7 | ONTARIO (PROVINCE OF) 1.25000 06/17/2019 | CA | 450,000 | $443,862.00 | |
| 69007J106 | OUTFRONT MEDIA INC | US | OUT | 2,775 | $52,003.50 |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 100,000 | $102,250.00 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 330 | $49,909.20 |
| 70014LAC4 | PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 | KY | 80,000 | $75,800.00 | |
| 70338P100 | PATTERN ENERGY GROUP INC -A | US | PEGI | 2,135 | $36,914.15 |
| 713448108 | PEPSICO INC | US | PEP | 2,713 | $296,123.95 |
| 713448CX4 | PEPSICO INC 3.10000 07/17/2022 | US | 491,000 | $493,705.74 | |
| 71654QCJ9 | PETROLEOS MEXICANOS 6.35000 02/12/2048 | MX | 1,590,000 | $1,536,337.50 | |
| 717081103 | PFIZER INC | US | PFE | 8,125 | $288,356.25 |
| 71943U104 | PHYSICIANS REALTY TRUST | US | DOC | 3,465 | $53,950.05 |
| 729640102 | PLYMOUTH INDUSTRIAL REIT INC | US | 480 | $8,246.40 | |
| 733174AJ5 | POPULAR INC 7.00000 07/01/2019 | US | 95,000 | $96,900.00 | |
| 741503AZ9 | PRICELINE GROUP INC/THE 3.60000 06/01/2026 | US | 1,570,000 | $1,542,376.93 | |
| 74251V102 | PRINCIPAL FINANCIAL GROUP | US | PFG | 640 | $38,982.40 |
| 74333KAA6 | PROG 2017-SFR2 A 2.89700 12/17/2034 | US | 300,000 | $295,042.65 | |
| 74340W103 | PROLOGIS | US | PLD | 2,245 | $141,412.55 |
| 744320AL6 | PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 | US | 960,000 | $1,010,400.00 | |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 395 | $79,154.05 |
| 74736K101 | QORVO INC | US | QRVO | 15,450 | $1,088,452.50 |
| 747525103 | QUALCOMM INC | US | QCOM | 2,547 | $141,129.27 |
| 749685103 | RPM INTERNATIONAL INC | US | RPM | 1,460 | $69,598.20 |
| 755111507 | RAYTHEON COMPANY | US | RTN | 632 | $136,398.24 |
| 758849103 | REGENCY CENTERS CORP | US | REG | 585 | $34,503.30 |
| 75886F107 | REGENERON PHARMACEUTICALS INC | US | REGN | 2,510 | $864,343.60 |
| 7591EP100 | REGIONS FINANCIAL CORP. | US | RF | 2,770 | $51,466.60 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 585 | $16,842.15 |
| 77340RAK3 | ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 | US | 95,000 | $98,325.95 | |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 1,420 | $93,052.60 |
| 78408XAD3 | SCGT 2013-SRP1 AJ FLT 3.97660 11/15/2026 | US | 1,550,000 | $1,546,231.64 | |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 1,005 | $171,774.60 |
| 78442FET1 | SLM CORP 6.12500 03/25/2024 | US | 60,000 | $59,775.00 | |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 80,000 | $80,800.00 | |
| 78471CAB5 | SOFI 2017-D A2FX 2.65000 09/25/2040 | US | 875,000 | $858,240.78 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 410,000 | $448,129.91 | |
| 80105N105 | SANOFI-AVENTIS-ADR | FR | SNY | 4,307 | $172,624.56 |
| 80282KAS5 | SANTANDER HOLDINGS USA 3.40000 01/18/2023 | US | 1,050,000 | $1,025,645.21 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 8,520 | $551,925.60 |
| 808513105 | CHARLES SCHWAB CORP/THE | US | SCHW | 5,495 | $286,948.90 |
| 81211K100 | SEALED AIR CORP | US | SEE | 12,240 | $523,749.60 |
| 812578102 | SEATTLE GENETICS INC | US | SGEN | 11,910 | $623,369.40 |
| 81663AAD7 | SEMGROUP CORP 6.37500 03/15/2025 | US | 85,000 | $81,175.00 | |
| 81745CAB9 | SEMT 2013-7 A2 3.00000 06/25/2043 | US | 324,437.37 | $315,006.95 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 448,797.87 | $435,657.97 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 348,456.45 | $318,511.15 | |
| 81762P102 | SERVICENOW INC | US | NOW | 3,770 | $623,746.50 |
| 81783QAC9 | SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 | CA | 50,000 | $47,750.00 | |
| 822538AE4 | SHELF DRILL HOLD LTD 8.25000 02/15/2025 | KY | 45,000 | $45,112.50 | |
| 828806109 | SIMON PROPERTY GROUP INC | US | SPG | 1,040 | $160,524.00 |
| 82967NAY4 | SIRIUS XM RADIO INC 3.87500 08/01/2022 | US | 65,000 | $62,270.00 | |
| 83088M102 | SKYWORKS SOLUTIONS INC | US | SWKS | 6,920 | $693,799.20 |
| 83401LAB0 | SOFI 2015-A A2 2.42000 03/25/2030 | US | 505,699.98 | $501,800.93 | |
| 83402DAC5 | SOFI 2016-C A2B 2.36000 12/27/2032 | US | 406,000 | $394,581.90 | |
| 83404FAB0 | SOFI 2017-A A2A 1.55000 03/26/2040 | US | 35,056.04 | $34,761.07 | |
| 83404LAC5 | SOFI 2016-D A2B 2.34000 04/25/2033 | US | 130,000 | $126,243.94 | |
| 83405DAB4 | SOFI 2017-C A2A 1.75000 07/25/2040 | US | 48,356.45 | $47,947.96 | |
| 83405LAA8 | SCLP 2017-5 A1 2.14000 09/25/2026 | US | 484,223.9 | $481,491.28 | |
| 834423AA3 | SOLVAY FINANCE (AMERICA) 3.40000 12/03/2020 | US | 489,000 | $491,514.27 | |
| 835495102 | SONOCO PRODUCTS CO | US | SON | 2,630 | $127,555.00 |
| 844741108 | SOUTHWEST AIRLS CO | US | LUV | 1,145 | $65,585.60 |
| 845467AL3 | SOUTHWESTERN ENERGY CO 6.70000 01/23/2025 | US | 70,000 | $67,935.00 | |
| 852061AK6 | SPRINT COMMUNICATIONS 9.00000 11/15/2018 | US | 25,000 | $25,781.25 | |
| 852061AR1 | SPRINT COMMUNICATIONS 7.00000 08/15/2020 | US | 25,000 | $26,000.00 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 3,425 | $81,926.00 |
| 85571BAJ4 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 50,000 | $48,750.00 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 2.99660 11/15/2027 | US | 926,148.24 | $927,071.24 | |
| 857949BL0 | SS INT BEARING FD .022% 01/02/15 | US | 2,514,286.41 | $2,514,286.41 | |
| 862121100 | STORE CAPITAL CORP | US | STOR | 1,190 | $29,535.80 |
| 866674104 | SUN COMMUNITIES | US | SUI | 620 | $56,649.40 |
| 867892101 | SUNSTONE HOTEL INVESTORS INC | US | SHO | 2,055 | $31,277.10 |
| 867914103 | SUNTRUST BANKS INC | US | STI | 705 | $47,968.20 |
| 871829107 | SYSCO CORP | US | SYY | 1,296 | $77,708.16 |
| 87243QAB2 | TENET HEALTHCARE CORP 6.00000 10/01/2020 | US | 35,000 | $36,181.25 | |
| 874039100 | TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 7,275 | $318,354.00 |
| 87470LAA9 | TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 | US | 85,000 | $86,487.50 | |
| 87612E106 | TARGET CORP | US | TGT | 1,306 | $90,675.58 |
| 876664103 | TAUBMAN CTRS INC | US | TCO | 200 | $11,382.00 |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 258,708.26 | $257,355.22 | |
| 87854WAA1 | TECHNIPLAS LLC 10.00000 05/01/2020 | US | 60,000 | $51,000.00 | |
| 88032WAG1 | TENCENT HOLDINGS LTD 3.59500 01/19/2028 | KY | 1,060,000 | $1,020,970.27 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 480 | $16,564.80 |
| 88161DAA9 | TESLA 2018-A A 2.32000 12/20/2019 | US | 339,828.02 | $339,154.11 | |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 6,185 | $642,559.65 |
| 88579Y101 | 3M CO | US | MMM | 1,509 | $331,255.68 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 1,005,320.63 | $990,832.55 | |
| 89613BAA5 | TAH 2013-SFR1 A 2.58900 11/17/2033 | US | 809,349.87 | $792,756.58 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 500,000 | $488,907.55 | |
| 896356AE2 | TRINIDAD DRILLING LTD 6.62500 02/15/2025 | CA | 75,000 | $69,937.50 | |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 75,000 | $77,250.00 | |
| 902653104 | UDR INC | US | UDR | 1,750 | $62,335.00 |
| 902973304 | U.S. BANCORP | US | USB | 2,999 | $151,449.50 |
| 903002103 | UMH PROPERTIES INC | US | UMH | 1,720 | $23,065.20 |
| 90320MAA3 | UPCB FINANCE IV LTD 5.37500 01/15/2025 | KY | 40,000 | $38,600.00 | |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 14,400 | $800,064.00 |
| 907818108 | UNION PAC CORP | US | UNP | 1,307 | $175,700.01 |
| 911312106 | UNITED PARCEL SERVICE | US | UPS | 1,500 | $156,990.00 |
| 912810FM5 | UNITED STATES TREAS BOND 6.25000 05/15/2030 | US | 1,259,000 | $1,708,403.98 | |
| 912810PT9 | UNITED STATES TREAS BOND 4.75000 02/15/2037 | US | 2,046,000 | $2,618,880.00 | |
| 912810QV3 | UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 | US | 990,545.85 | $964,626.67 | |
| 912810RK6 | US TREASURY N/B 2.50000 02/15/2045 | US | 1,420,000 | $1,296,582.03 | |
| 912828D23 | US TREASURY N/B 1.62500 04/30/2019 | US | 9,946,000 | $9,889,665.26 | |
| 912828K33 | UNITED STATES TREAS INFL INDEX 0.12500 04/15/2020 | US | 1,647,673.55 | $1,641,257.80 | |
| 912828K58 | UNITED STATES TREAS NTS 1.37500 04/30/2020 | US | 5,127,000 | $5,028,665.73 | |
| 912828R36 | US TREASURY N/B 1.62500 05/15/2026 | US | 1,600,000 | $1,471,687.50 | |
| 912828RT9 | US TREASURY N/B 1.37500 11/30/2018 | US | 1,000,000 | $995,703.12 | |
| 912828S76 | US TREASURY N/B 1.12500 07/31/2021 | US | 2,200,000 | $2,107,273.43 | |
| 912828UH1 | UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 | US | 932,522.66 | $916,995.65 | |
| 912828X88 | US TREASURY N/B 2.37500 05/15/2027 | US | 1,500,000 | $1,455,292.97 | |
| 913017109 | UNITED TECHNOLOGIES CORP | US | UTX | 1,283 | $161,427.06 |
| 91704F104 | URBAN EDGE PROPERTIES | US | UE | 2,580 | $55,083.00 |
| 91913Y100 | VALERO ENERGY | US | VLO | 1,089 | $101,026.53 |
| 92276F100 | VENTAS INC | US | VTR | 530 | $26,250.90 |
| 92339V100 | VEREIT INC | US | VER | 3,645 | $25,369.20 |
| 92343VDV3 | VERIZON COMMUNICATIONS 5.50000 03/16/2047 | US | 1,430,000 | $1,584,624.31 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 1,360 | $221,652.80 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 5,580 | $667,479.60 |
| 92903PAC3 | VNO 2010 - VNO A2FX 4.00350 09/13/2028 | US | 50,000 | $51,381.35 | |
| 929042109 | VORNADO REALTY TRUST | US | VNO | 880 | $59,224.00 |
| 931142103 | WAL MART STORES | US | WMT | 3,708 | $329,900.76 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 2,542 | $213,833.04 |
| 948565AC0 | WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 | US | 70,000 | $69,650.00 | |
| 94856TAA2 | WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 | US | 75,000 | $74,062.50 | |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 8,865 | $464,614.65 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 675 | $36,740.25 |
| 962166104 | WEYERHAEUSER CO | US | WY | 16,415 | $574,525.00 |
| 962178AL3 | TRI POINTE HOLDINGS INC 4.37500 06/15/2019 | US | 50,000 | $50,125.00 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 45,000 | $45,661.50 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 670,000 | $640,544.84 | |
| 97651JAE6 | WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 | US | 444,581.86 | $446,596.26 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 507,666.69 | $503,098.25 | |
| 98416JAE0 | XERIUM TECHNOLOGIES INC 9.50000 08/15/2021 | US | 50,000 | $51,500.00 | |
| 98919V105 | ZAYO GROUP HOLDINGS INC | US | ZAYO | 13,010 | $444,421.60 |
| B15C557 | TOTAL SA | FR | FP FP | 1,140 | $65,344.51 |
| B1YY4B3 | UNIBAIL-RODAMCO SE | FR | UL NA | 190 | $43,400.53 |
| B29TNV3 | INNERGEX RENEWABLE ENERGY | CA | INE CN | 3,905 | $39,918.38 |
| B3FP8W8 | CANADA HOUSING TRUST 4.10000 12/15/2018 | CA | 110,000 | $86,878.10 | |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 400,000 | $21,548.51 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 140,000 | $112,142.35 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 1,100,000 | $58,934.71 | |
| B4YN9R2 | SINGAPORE GOVERNMENT 2.50000 06/01/2019 | SG | 240,000 | $184,555.54 | |
| B5W0S97 | ROYAL BANK OF CANADA 3.77000 03/30/2018 | CA | 125,000 | $97,044.67 | |
| B615Y14 | MEX BONOS DESARR FIX RT 8.00000 06/11/2020 | MX | 1,800,000 | $100,577.23 | |
| B68XHC3 | NORTHLAND POWER INC | CA | NPI CN | 2,315 | $41,346.02 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 350,000 | $19,699.53 | |
| BBG00HGG4WB2 | BABA US 04/20/18 P175 | CN | -10 | -$2,950.00 | |
| BBG00HH5X1Q5 | MA US 04/20/18 P160 | US | -11 | -$803.00 | |
| BBG00HJYYS71 | REGN US 04/20/18 C360 | US | -5 | -$2,450.00 | |
| BBG00K1PWX55 | LULU US 03/29/18 C90 | CA | -20 | -$60.00 | |
| BBG00K4117D7 | QRVO US 04/20/18 P67.5 | US | -27 | -$3,645.00 | |
| BBG00K4BM7W1 | UL US 04/20/18 P47.5 | GB | -39 | -$195.00 | |
| BBG00K5JF822 | MDT US 04/06/18 P77.5 | IE | -24 | -$480.00 | |
| BBG00K996BS5 | AMZN US 04/27/18 P1350 | US | -1 | -$3,600.00 | |
| BBG00KCSQKF1 | SCHW US 04/20/18 P50.5 | US | -36 | -$3,600.00 | |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 17,145 | $30,462.75 |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 6,520 | $349,990.79 |
| BP269Z8 | AXIA REAL ESTATE SOCIMI SA | ES | AXIA SM | 720 | $14,650.74 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 12,870 | $404,615.87 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 7,860 | $864,182.52 |
| G29183103 | EATON CORP PLC | US | ETN | 1,114 | $89,019.74 |
| G3157S106 | ENSCO INTERNATIONAL INC | US | ESV | 14,270 | $62,645.30 |
| G37585AC3 | GASLOG LTD 8.87500 03/22/2022 | BM | 65,000 | $67,437.50 | |
| G5960L103 | MEDTRONIC INC | IE | MDT | 11,246 | $902,154.12 |
| G96629103 | WILLIS TOWERS WATSON PLC | GB | WLTW | 290 | $44,135.10 |
| G97822103 | PERRIGO CO PLC | IE | PRGO | 715 | $59,588.10 |
| H1467J104 | CHUBB LTD | CH | CB | 455 | $62,230.35 |
| H8817H100 | TRANSOCEAN LTD | US | RIG | 25,800 | $255,420.00 |
| N47279109 | INTERXION HOLDING NX | NL | INXN | 1,320 | $81,985.20 |
| N53745100 | LYONDELLBASELL INDU-CL A | US | LYB | 930 | $98,282.40 |
Investments will change over time.
A Word About Risk
All investments involve risks, including possible loss of principal. Because the fund invests in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in the fund will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.
About The Fund Manager
Manning & Napier Advisors, LLC (Manning & Napier) provides investment advisory services to Exeter Trust Company, Trustee of the Manning & Napier Collective Investment Trust Funds. Manning & Napier is headquartered in Rochester, NY and has more than 45 years of experience managing investment objectives. The Firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.
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