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Pro-Mix® Moderate Term CIT
Pro-Mix® Moderate 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 equal emphasis on long-term capital growth and capital preservation.
Investment Strategy
The portfolio is invested in a moderately conservative mix of securities that seeks to balance growth and capital preservation for a more stable rate of return relative to an investment in the stock market. Holdings are diversified primarily among intermediate to long-term fixed income securities. Because this fund is designed to moderate risk, stocks will typically be a minority in the portfolio, unless the fund manager’s analysis shows that the stock market is especially attractive.
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 want long-term capital growth and who seek to minimize extreme declines in account value
- Who have a moderate tolerance for capital risk
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 | 15+ Years | 7-20 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
$29.04
Daily $ Change
-$0.15
Daily % Change
-0.52%
as of 04/19/2018
CUSIP
563821131
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
-0.58%
1 Year
5.79%
3 Year
2.85%
5 Year
4.17%
10 Year
4.91%
Inception
(---)
---
US Stock Market Cycle (04/01/2000 - 03/31/2018)
5.96%
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 | 0.90% |
| Net | 0.90%* |
*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 | 13.16% |
| GOVERNMENT AGENCY | 6.77% |
| TREASURY BONDS | 5.25% |
| BOOKING HOLDINGS INC | 1.63% |
| QORVO INC | 1.39% |
| ANHEUSER-BUSCH INBEV SA/NV | 1.18% |
| DAVITA INC. | 1.12% |
| FACEBOOK INC -A | 1.11% |
| REGENERON PHARMACEUTICALS INC | 1.04% |
| KFW 1.50000 06/15/2021 | 1.04% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 03/31/2018
| Bonds | 60.99% |
| Stocks | 37.69% |
| Cash | 1.32% |
Detailed Asset Class Allocation
As of 03/31/2018
| International Equities | 12.80% |
| Small Capitalization | 0.65% |
| Mid Capitalization | 4.67% |
| Large Capitalization | 19.58% |
| Long Term Fixed Income | 18.59% |
| Intermediate Term Fixed Income | 29.84% |
| Short Term Fixed Income | 12.55% |
| Cash | 1.32% |
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) |
|---|---|---|---|---|---|
| 00163UAB2 | AMAG PHARMACEUTICALS INC 7.87500 09/01/2023 | US | 185,000 | $182,687.50 | |
| 00206REM0 | AT&T INC 3.90000 08/14/2027 | US | 2,400,000 | $2,416,522.92 | |
| 00254EML3 | SWEDISH EXPORT CREDIT 1.12500 08/28/2019 | SE | 5,000,000 | $4,911,450.00 | |
| 00289XAA7 | ABENGOA YIELD PLC 7.00000 11/15/2019 | GB | 620,000 | $640,150.00 | |
| 004239109 | ACADIA REALTY TRUST | US | AKR | 2,050 | $50,430.00 |
| 0045614 | ANTOFAGASTA PLC | GB | ANTO LN | 94,060 | $1,216,085.63 |
| 0053673 | ASHTEAD GROUP PLC | GB | AHT LN | 6,360 | $173,416.06 |
| 00772BAF8 | AERCAP IRELAND CAP LTD/A 4.50000 05/15/2021 | IE | 2,260,000 | $2,314,992.63 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 910 | $43,716.40 |
| 00928QAK7 | AIRCASTLE LTD 6.25000 12/01/2019 | BM | 75,000 | $78,000.00 | |
| 009563AD9 | AIRXCEL INC 8.50000 02/15/2022 | US | 279,000 | $301,668.75 | |
| 015271109 | ALEXANDRIA REAL EST EQUITIES | US | ARE | 915 | $114,274.35 |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 18,515 | $3,398,243.10 |
| 01609WAT9 | ALIBABA GROUP HOLDING 3.40000 12/06/2027 | KY | 4,190,000 | $3,976,749.91 | |
| 01748XAA0 | ALLEGIANT TRAVEL CO 5.50000 07/15/2019 | US | 175,000 | $177,625.00 | |
| 02005NAT7 | ALLY FINANCIAL INC 3.50000 01/27/2019 | US | 130,000 | $130,162.50 | |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 1,850 | $1,908,811.50 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 1,835 | $1,903,151.90 |
| 02155FAC9 | ALTICE US FINANCE I CORP 5.50000 05/15/2026 | US | 125,000 | $122,175.00 | |
| 023135106 | AMAZON.COM INC | US | AMZN | 850 | $1,230,239.00 |
| 02319V103 | AMBEV SA-ADR | BR | ABEV | 640,980 | $4,659,924.60 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 130,515 | $4,413,969.47 |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 2,765 | $106,784.30 |
| 0263494 | BAE SYSTEMS PLC | GB | BA/ LN | 7,215 | $59,030.78 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 7,550 | $151,604.00 |
| 02666TAA5 | AMERICAN HOMES 4 RENT 4.25000 02/15/2028 | US | 2,710,000 | $2,655,618.16 | |
| 026874CY1 | AMERICAN INTL GROUP 4.12500 02/15/2024 | US | 1,690,000 | $1,714,919.37 | |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 7,100 | $1,031,914.00 |
| 03063NAA5 | AMERICOLD LLC TRUST 3.84730 01/14/2029 | US | 100,545.53 | $101,818.98 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 2,445 | $46,650.60 |
| 034863AT7 | ANGLO AMERICAN CAPITAL 4.00000 09/11/2027 | GB | 2,750,000 | $2,637,259.32 | |
| 03748R101 | APARTMENT INVT & MGMT CO -A | US | AIV | 3,290 | $134,067.50 |
| 0405207 | HALMA PLC | GB | HLMA LN | 6,765 | $111,982.47 |
| 04621WAC4 | ASSURED GUARANTY US HLDG 5.00000 07/01/2024 | US | 2,750,000 | $2,931,509.87 | |
| 0490656 | KERRY GROUP PLC-A | IE | KYGA LN | 1,665 | $168,300.81 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 2,005 | $329,742.30 |
| 05501U106 | AZUL S.A SPONSORED ADR PFD | BR | AZUL | 4,390 | $152,552.50 |
| 0557681 | HOWDEN JOINERY GROUP INC | GB | HWDN LN | 10,015 | $64,825.80 |
| 05604LAA0 | BWAY 2015-1740 A 2.91700 01/10/2035 | US | 4,000,000 | $3,864,791.60 | |
| 058498106 | BALL CORP | US | BLL | 99,790 | $3,962,660.90 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 1,560,000 | $1,556,931.15 | |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 42,350 | $3,433,314.50 |
| 09062X103 | BIOGEN IDEC INC | US | BIIB | 8,980 | $2,458,903.60 |
| 09247X101 | BLACKROCK INC | US | BLK | 5,390 | $2,919,870.80 |
| 0946580 | WEIR GROUP PLC/THE | GB | WEIR LN | 12,350 | $346,189.86 |
| 09627J102 | BLUEROCK RESIDENTIAL GROWTH | US | 3,955 | $33,617.50 | |
| 096630AE8 | BOARDWALK PIPELINES LP 5.95000 06/01/2026 | US | 3,670,000 | $3,933,035.07 | |
| 09857L108 | BOOKING HOLDINGS INC | US | BKNG | 3,930 | $8,175,932.70 |
| 101121101 | BOSTON PROPERTIES INC | US | BXP | 1,685 | $207,625.70 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 5,065 | $80,432.20 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 32,710 | $2,068,907.50 |
| 110448107 | BRITISH AMERICAN TOB-SP ADR | GB | BTI | 2,105 | $121,437.45 |
| 12467AAD0 | C&S GROUP ENTERPRISES 5.37500 07/15/2022 | US | 355,000 | $334,541.35 | |
| 12591QAR3 | COMM 2014-UBS4 A5 3.69400 08/10/2047 | US | 3,600,000 | $3,666,348.36 | |
| 12592BAB0 | CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 | US | 2,640,000 | $2,633,400.00 | |
| 12593GAF9 | COMM 2015-PC1 A5 3.90200 07/10/2050 | US | 1,900,000 | $1,948,484.01 | |
| 12629NAF2 | COMM 2015-DC1 A5 FLT 3.35000 02/10/2048 | US | 4,200,000 | $4,162,581.78 | |
| 126307AH0 | CSC HOLDINGS LLC 5.25000 06/01/2024 | US | 340,000 | $323,425.00 | |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 1,012,282.16 | $940,078.10 | |
| 13321L108 | CAMECO CORP | CA | CCJ | 5,591 | $50,822.19 |
| 14912Y202 | CATCHMARK TIMBER TRUST INC | US | CTT | 12,315 | $153,568.05 |
| 149806AA9 | CAZ 2015-1A A 2.00000 12/10/2023 | US | 207,372.18 | $207,112.96 | |
| 156504AH5 | CENTURY COMMUNITIES 5.87500 07/15/2025 | US | 265,000 | $252,412.50 | |
| 16411QAA9 | CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 | US | 130,000 | $128,212.50 | |
| 16412XAD7 | CHENIERE CORP CHRISTI HD 7.00000 06/30/2024 | US | 170,000 | $188,062.50 | |
| 165240102 | CHESAPEAKE LODGING TRUST | US | CHSP | 3,560 | $99,003.60 |
| 172967EW7 | CITIGROUP INC 8.12500 07/15/2039 | US | 2,670,000 | $4,043,194.38 | |
| 19238VAG0 | COGECO CABLE INC 4.87500 05/01/2020 | CA | 80,000 | $80,200.00 | |
| 19625JAA1 | CAH 2015-1A A 2.91794 07/17/2032 | US | 1,048,156.35 | $1,051,461.71 | |
| 19625W104 | COLONY NORTHSTAR INC-CLASS A | US | CLNS | 10,198 | $57,312.76 |
| 198287203 | COLUMBIA PROPERTY TRUST INC | US | CXP | 2,555 | $52,275.30 |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 5,985 | $154,053.90 |
| 21871N101 | CORECIVIC INC | US | CXW | 7,145 | $139,470.40 |
| 21987BAK4 | CODELCO INC 5.62500 09/21/2035 | CL | 2,330,000 | $2,670,786.41 | |
| 222795106 | COUSINS PROPERTIES INC | US | CUZ | 25,800 | $223,944.00 |
| 22663AAA7 | ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 | US | 135,000 | $131,625.00 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 1,180 | $129,339.80 |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 715,180.3 | $668,208.69 | |
| 229663109 | CUBESMART | US | CUBE | 3,495 | $98,559.00 |
| 23311RAC0 | DCP MIDSTREAM OPERATING 9.75000 03/15/2019 | US | 80,000 | $84,400.00 | |
| 2347608 | FIRST QUANTUM MINERALS LTD | CA | FM CN | 1,950 | $27,380.37 |
| 23918K108 | DAVITA INC. | US | DVA | 85,340 | $5,627,319.60 |
| 23918KAR9 | DAVITA INC 5.00000 05/01/2025 | US | 225,000 | $217,473.75 | |
| 2434760 | MEXICHEM SAB DE CV | MX | MEXCHEM* MM | 23,400 | $71,615.84 |
| 25271C102 | DIAMOND OFFSHORE DRILLING | US | DO | 69,780 | $1,022,974.80 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 2,525 | $266,084.50 |
| 254683BK0 | DCENT 2014-A4 2.12000 12/15/2021 | US | 180,000 | $179,036.98 | |
| 2643674 | GRUPO MEXICO SAB DE CV-SER | MX | GMEXICOB MM | 59,400 | $197,836.63 |
| 26780TAA5 | DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 | MH | 310,000 | $311,550.00 | |
| 269246401 | ETRADE FINANCIAL CORP | US | ETFC | 36,260 | $2,009,166.60 |
| 269246BP8 | E*TRADE FINANCIAL CORP 2.95000 08/24/2022 | US | 1,190,000 | $1,158,414.25 | |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 3,150 | $60,220.05 |
| 277276101 | EASTGROUP PROPERTIES | US | EGP | 430 | $35,543.80 |
| 2801836 | SHAW COMMUNICATIONS INC-B | CA | SJR/B CN | 1,550 | $29,860.67 |
| 28140H203 | EDUCATION REALTY TRUST INC | US | EDR | 1,050 | $34,387.50 |
| 28370TAG4 | KINDER MORGAN ENER PART 4.30000 05/01/2024 | US | 2,280,000 | $2,295,883.71 | |
| 285512109 | ELECTRONIC ARTS | US | EA | 27,120 | $3,288,028.80 |
| 2866857 | LUNDIN MINING CORP | CA | LUN CN | 179,375 | $1,176,480.58 |
| 29250NAR6 | ENBRIDGE INC 3.70000 07/15/2027 | CA | 1,180,000 | $1,131,121.40 | |
| 294429105 | EQUIFAX INC | US | EFX | 20,690 | $2,437,488.90 |
| 29444U700 | EQUINIX INC | US | EQIX | 1,105 | $462,044.70 |
| 294628102 | EQUITY COMMONWEALTH | US | EQC | 2,400 | $73,608.00 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 1,300 | $114,101.00 |
| 29476L107 | EQUITY RESIDENTIAL | US | EQR | 2,535 | $156,206.70 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 455 | $109,509.40 |
| 298736109 | EURONET WORLDWIDE INC | US | EEFT | 26,565 | $2,096,509.80 |
| 302154BV0 | EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | KR | 4,675,000 | $4,601,822.23 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 1,745 | $152,443.20 |
| 30251JAA9 | FDIC 2011-R1 A 2.67200 07/25/2026 | US | 201,298.94 | $200,786.41 | |
| 30286XAN9 | FREMF 2015-K43 B FLT 3.73459 02/25/2048 | US | 2,300,000 | $2,298,959.71 | |
| 30290HAE8 | FREMF 2012-K708 FLT 3.75093 02/25/2045 | US | 1,600,000 | $1,610,844.48 | |
| 30291EAE4 | FREMF 2013-K712 B FLT 3.36434 05/25/2045 | US | 675,000 | $678,871.80 | |
| 30291HAA5 | FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 107,120,787.5 | $415,992.87 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 34,820 | $5,563,887.80 |
| 3128M5A91 | FHLM POOL G03332 6.00000 10/01/2037 | US | 54,579.72 | $61,104.58 | |
| 3128M5NM8 | FHLM POOL G03696 5.50000 01/01/2038 | US | 120,109.81 | $131,733.10 | |
| 3128M6B98 | FHLM POOL G04264 5.50000 04/01/2038 | US | 407,156.06 | $446,684.91 | |
| 3128M73H7 | FHLM POOL G05900 6.00000 03/01/2040 | US | 160,054.76 | $179,460.10 | |
| 3128M73P9 | FHLM POOL G05906 6.00000 04/01/2040 | US | 157,190.72 | $176,406.69 | |
| 3128M7KW5 | FHLM POOL G05409 5.50000 03/01/2039 | US | 296,480.51 | $325,226.15 | |
| 3128M8AW4 | FHLM POOL G06021 5.50000 01/01/2040 | US | 116,477.62 | $127,786.63 | |
| 3128M9C83 | FHLM POOL G06995 6.00000 05/01/2040 | US | 361,734.73 | $404,046.03 | |
| 3128MB4Q7 | FHLM POOL G13331 5.50000 10/01/2023 | US | 16,162.09 | $16,813.24 | |
| 3128MBDP9 | FHLM POOL G12610 6.00000 03/01/2022 | US | 32,109.54 | $33,453.95 | |
| 3128MBE45 | FHLM POOL G12655 6.00000 05/01/2022 | US | 22,138.42 | $23,024.60 | |
| 3128MBRH2 | FHLM POOL G12988 6.00000 01/01/2023 | US | 17,057.95 | $17,829.13 | |
| 3128MBUB1 | FHLM POOL G13078 6.00000 03/01/2023 | US | 30,215.39 | $31,578.92 | |
| 3128MJ2U3 | FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 2,379,662.39 | $2,501,462.51 | |
| 3128MJJT8 | FHLM POOL G08273 5.50000 06/01/2038 | US | 288,676.41 | $316,628.40 | |
| 3128P75P4 | FHLM POOL C91754 4.50000 03/01/2034 | US | 656,235.51 | $690,078.66 | |
| 3132WPDP9 | FHLM GOLD POOL FG Q49109 4.00000 07/01/2047 | US | 1,137,751.99 | $1,169,296.54 | |
| 3132XSLZ1 | FHLM GOLD POOL FG Q50343 4.00000 08/01/2047 | US | 1,238,064.8 | $1,272,056.41 | |
| 31335ABB3 | FHLM POOL G60034 4.50000 02/01/2045 | US | 3,208,392.98 | $3,366,249.99 | |
| 31335AFY9 | FHLM POOL G60183 4.00000 12/01/2044 | US | 877,793.97 | $903,147.07 | |
| 31336WBS7 | FHLM POOL G11850 5.50000 07/01/2020 | US | 47,434.39 | $48,173.19 | |
| 31371NCJ2 | FEDERAL NATL MTG ASSN 256673 5.50000 04/01/2037 | US | 568,269.08 | $623,270.41 | |
| 3137A2B34 | FHMS K009 X1 FLT 1.29512 08/25/2020 | US | 10,942,165.79 | $277,689.19 | |
| 3137ADTK3 | FHMS K014 X1 FLT 1.17939 04/25/2021 | US | 6,961,609.02 | $210,654.81 | |
| 3137AJMG6 | FMHS K016 X1 FLT 1.52075 10/25/2021 | US | 4,289,349.31 | $189,462.70 | |
| 3137AL6W4 | FHMS K706 X1 FLT 1.54720 10/25/2018 | US | 6,212,084.24 | $33,562.03 | |
| 3137AUPF0 | FHMS K021 x1 FLT 1.46192 06/25/2022 | US | 15,643,255.01 | $789,707.49 | |
| 3137B3NB0 | FHMS K030 X1 FLT 0.20508 04/25/2023 | US | 46,924,244.4 | $422,895.37 | |
| 3137B4GZ3 | FHMS K032 X1 FLT 0.10903 05/25/2023 | US | 30,224,145.61 | $165,437.91 | |
| 3137B5KW2 | FHMS K035 A2 3.45800 08/25/2023 | US | 4,000,000 | $4,101,107.20 | |
| 3137BT7J4 | FHMS KJ10 A2 2.91200 12/25/2023 | US | 1,450,000 | $1,443,864.62 | |
| 3138ABBY4 | FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 | US | 255,767.43 | $270,371.96 | |
| 3138ASSD5 | FEDERAL NATL MTG ASSN AJ1415 4.50000 09/01/2041 | US | 144,870.04 | $153,123.41 | |
| 3138EQTZ5 | FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 | US | 2,065,976.46 | $2,184,854.77 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.65200 01/01/2049 | US | 2,517,736.54 | $2,727,842.91 | |
| 31403DDX4 | FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 | US | 624,002.88 | $685,712.20 | |
| 3140E2GZ8 | FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 | US | 717,615.8 | $738,489.77 | |
| 3140EWG66 | FEDERAL NATL MTG ASSN BC2020 3.50000 07/01/2046 | US | 1,454,281.98 | $1,458,986.06 | |
| 3140F2QS2 | FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 | US | 807,644.95 | $810,257.50 | |
| 3140F9M51 | FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 | US | 1,784,768.25 | $1,832,806.50 | |
| 3140FA5G3 | FEDERAL NATL MTG ASSN FN BD3546 4.00000 09/01/2047 | US | 783,688.4 | $805,793.79 | |
| 3140FEXR0 | FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 | US | 1,654,373.16 | $1,699,148.11 | |
| 3140FPGW3 | FEDERAL NATL MTG ASSN BE3812 4.00000 12/01/2046 | US | 1,567,685.38 | $1,610,276.04 | |
| 31410FSE6 | FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 | US | 24,122.45 | $25,073.02 | |
| 31410FV51 | FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 | US | 29,966.48 | $31,130.09 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 219,736.62 | $226,206.83 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 264,467.5 | $272,325.86 | |
| 31410KJV7 | FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 | US | 369,689.24 | $415,547.69 | |
| 31410KLD4 | FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 | US | 345,506.03 | $377,896.60 | |
| 31411JXP6 | FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 | US | 130,165.34 | $142,531.99 | |
| 31412SY41 | FEDERAL NATL MTG ASSN 933731 5.50000 04/01/2038 | US | 250,273.73 | $273,724.45 | |
| 31416BSW9 | FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 | US | 12,467.31 | $12,735.20 | |
| 31416BVW5 | FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 | US | 148,942.03 | $153,114.12 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 709,229.38 | $749,297.45 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 652,039.87 | $688,670.47 | |
| 31418CAF1 | FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 | US | 996,764.05 | $973,058.72 | |
| 31418MDZ2 | FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 | US | 201,146.11 | $225,889.51 | |
| 31418MG63 | FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 80,132.06 | $89,879.70 | |
| 31418MJC7 | FEDERAL NATL MTG ASSN AD0258 5.50000 03/01/2039 | US | 224,050.52 | $245,131.62 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 367,216.9 | $402,493.26 | |
| 31418MQQ8 | FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 | US | 21,269.92 | $22,248.20 | |
| 31418MSR4 | FEDERAL NATL MTG ASSN AD0527 5.50000 06/01/2039 | US | 155,996.17 | $170,762.99 | |
| 31419BBV6 | FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 | US | 606,541.89 | $641,580.25 | |
| 31428X106 | FEDEX CORPORATION | US | FDX | 12,105 | $2,906,531.55 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 5,305 | $155,065.15 |
| 345605109 | FOREST CITY REALTY TRUST - A | US | FCE/A | 3,760 | $76,177.60 |
| 357081AE8 | FREMF 2015-K720 B FLT 3.38864 07/25/2022 | US | 970,000 | $962,109.63 | |
| 35802XAA1 | FRESENIUS MED CARE US 6.50000 09/15/2018 | US | 105,000 | $106,576.10 | |
| 36143WAN1 | GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 | US | 1,900,000 | $1,903,135.95 | |
| 36143WAS0 | GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 | US | 900,000 | $893,841.66 | |
| 36174X101 | GGP INC | US | GGP | 5,425 | $110,995.50 |
| 36248EAA3 | GSMS 2010-C2 3.84900 12/10/2043 | US | 59,404.79 | $60,257.30 | |
| 371559105 | GENESEE & WYOMING INC -CL A | US | GWR | 24,910 | $1,763,378.90 |
| 374297109 | GETTY REALTY CORP | US | GTY | 3,610 | $91,044.20 |
| 37950E366 | GLOBAL X MSCI GREECE ETF | GR | 15,145 | $146,906.50 | |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 345,000 | $346,380.00 | |
| 37954A204 | GLOBAL MEDICAL REIT INC | US | GMRE | 6,035 | $41,943.25 |
| 39807UAB2 | GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 | US | 150,000 | $149,625.00 | |
| 399909100 | GRUPO FINANCIERO GALICIA-ADR | AR | GGAL | 1,360 | $89,433.60 |
| 400506101 | GRUPO AEROPORTUARIO PAC-ADR | MX | PAC | 445 | $44,339.80 |
| 40054A108 | GRUPO SUPERVIELLE SA-SP ADR | AR | SUPV | 2,750 | $83,435.00 |
| 40412CAC5 | HCA HEALTHCARE INC 6.25000 02/15/2021 | US | 75,000 | $78,750.00 | |
| 40414L109 | HCP INC | US | HCP | 6,720 | $156,105.60 |
| 410345AL6 | HANESBRANDS INC 4.87500 05/15/2026 | US | 130,000 | $126,100.00 | |
| 4116099 | BPER BANCA | IT | BPE IM | 19,420 | $108,288.57 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 3,485 | $92,178.25 |
| 431318AQ7 | HILCORP ENERGY I/HILCORP 5.75000 10/01/2025 | US | 180,000 | $178,200.00 | |
| 431475AB8 | HILL-ROM HOLDINGS INC 5.00000 02/15/2025 | US | 200,000 | $198,250.00 | |
| 44053FAA8 | HORIZON PHARMA INC/HORIZ 8.75000 11/01/2024 | US | 300,000 | $319,500.00 | |
| 44107P104 | HOST MARRIOTT CORP | US | HST | 4,410 | $82,202.40 |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 340,000 | $333,200.00 | |
| 4457624 | TRIGANO SA | FR | TRI FP | 860 | $155,662.03 |
| 4497749 | KBC GROEP NV | BE | KBC BB | 1,890 | $164,579.34 |
| 45031UCD1 | ISTAR INC 5.25000 09/15/2022 | US | 255,000 | $246,712.50 | |
| 45337C102 | INCYTE CORP | US | INCY | 45,665 | $3,805,264.45 |
| 45378A106 | INDEPENDENCE REALTY TRUST IN | US | IRT | 6,430 | $59,027.40 |
| 45763PAE6 | INMARSAT FINANCE PLC 4.87500 05/15/2022 | GB | 244,000 | $237,290.00 | |
| 459745GH2 | INTL LEASE FINANCE CORP 6.25000 05/15/2019 | US | 165,000 | $170,663.30 | |
| 46115HAT4 | INTESA SANPAOLO SPA 5.01700 06/26/2024 | IT | 200,000 | $197,269.61 | |
| 46115HBD8 | INTESA SANPAOLO SPA 3.87500 01/12/2028 | IT | 1,110,000 | $1,046,922.02 | |
| 46186YAA2 | IHSFR 2015-SFR3 A FLT 3.05032 08/17/2032 | US | 2,144,168.86 | $2,145,657.13 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 2.65820 12/17/2036 | US | 517,624.36 | $521,429.83 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 2.95820 12/17/2036 | US | 390,000 | $391,878.86 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 5,915 | $135,039.45 |
| 464286608 | ISHARES MSCI EMU | XX | 5,875 | $254,681.25 | |
| 464286780 | ISHARES MSCI SOUTH AFRICA ET | ZA | 2,350 | $161,445.00 | |
| 46434G798 | ISHARES MSCI RUSSIA CAPPED E | RU | 3,200 | $116,608.00 | |
| 46625HHL7 | JPMORGAN CHASE & CO 6.30000 04/23/2019 | US | 3,820,000 | $3,963,555.60 | |
| 46639GAL0 | JPMMT 2013-1 1A2 3.00000 03/25/2043 | US | 488,844.6 | $486,495.70 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 574,759.65 | $571,638.71 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 847,413.45 | $844,103.45 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 27,550 | $3,530,532.50 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 245,000 | $220,500.00 | |
| 4813345 | SKANDINAVISKA ENSKILDA BAN-A | SE | SEBA SS | 7,625 | $80,110.60 |
| 4821100 | SOLVAY SA | BE | SOLB BB | 1,110 | $154,267.57 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 3,300,000 | $3,978,216.20 | |
| 497864AA6 | KISSNER GR HLDG 8.37500 12/01/2022 | CA | 260,000 | $265,200.00 | |
| 500769GZ1 | KFW 1.50000 06/15/2021 | DE | 5,400,000 | $5,211,054.00 | |
| 50212YAB0 | LPL HOLDINGS INC 5.75000 09/15/2025 | US | 195,000 | $192,504.00 | |
| 505742AD8 | LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 | US | 245,000 | $249,277.70 | |
| 5107401 | BEIERSDORF AG | DE | BEI GR | 875 | $99,161.76 |
| 512816109 | LAMAR ADVERTISING CO | US | LAMR | 1,155 | $73,527.30 |
| 5129074 | FRESENIUS MEDICAL | DE | FME GR | 1,375 | $140,432.68 |
| 515110BU7 | LANDWIRTSCH. RENTENBANK 2.37500 02/21/2020 | DE | 2,500,000 | $2,497,175.00 | |
| 517942108 | LASALLE HOTEL PROPERTIES | US | LHO | 2,100 | $60,921.00 |
| 5228658 | RANDSTAD HOLDING NV | NL | RAND NA | 2,780 | $183,091.04 |
| 5263574 | FLSMIDTH & CO A/S | DK | FLS DC | 890 | $57,543.35 |
| 5289837 | ERSTE GROUP BANK AG | AT | EBS AV | 2,240 | $112,612.39 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 555 | $46,353.60 |
| 5330047 | DASSAULT SYSTEMES SA | FR | DSY FP | 1,070 | $145,513.13 |
| 539439AM1 | LLOYDS BANKING GROUP PLC 4.58200 12/10/2025 | GB | 2,260,000 | $2,259,884.47 | |
| 54150E104 | LOMA NEGRA CIA IND-SPON ADR | AR | LOMA | 3,995 | $85,173.40 |
| 5458314 | AKZO NOBEL | NL | AKZA NA | 2,025 | $191,328.13 |
| 550021109 | LULULEMON - ADR | CA | LULU | 40,480 | $3,607,577.60 |
| 554382101 | THE MACERICH CO | US | MAC | 1,070 | $59,941.40 |
| 5545670 | JUNGHEINRICH AG | DE | JUN3 GR | 4,555 | $201,881.42 |
| 559222AR5 | MAGNA INTERNATIONAL INC 4.15000 10/01/2025 | CA | 1,680,000 | $1,730,627.57 | |
| 55933JAB0 | MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 | US | 275,000 | $264,687.50 | |
| 5633616 | SOPRA STERIA GROUP | FR | SOP FP | 1,165 | $237,786.20 |
| 5669354 | REPSOL SA | ES | REP SM | 9,225 | $163,980.48 |
| 5699373 | WIENERBERGER AG | AT | WIE AV | 5,115 | $127,901.73 |
| 5713422 | METSO OYJ | FI | METSO FH | 4,350 | $137,244.76 |
| 5727973 | SIEMENS AG-REG | DE | SIE GR | 2,460 | $313,889.72 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 25,880 | $4,533,140.80 |
| 5852842 | ACCOR SA | FR | AC FP | 1,905 | $102,917.46 |
| 58933Y105 | MERCK & CO INC | US | MRK | 35,560 | $1,936,953.20 |
| 59001ABA9 | MERITAGE HOMES CORP 5.12500 06/06/2027 | US | 175,000 | $165,375.00 | |
| 594918104 | MICROSOFT CORP | US | MSFT | 53,740 | $4,904,849.80 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 1,955 | $178,374.20 |
| 6174467X1 | MORGAN STANLEY 5.00000 11/24/2025 | US | 1,630,000 | $1,704,509.94 | |
| 61744YAG3 | MORGAN STANLEY FLT 3.01070 05/08/2024 | US | 3,880,000 | $3,942,235.20 | |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 330,000 | $329,587.50 | |
| 6250724 | DAIKIN INDUSTRIES LTD | JP | 6367 JP | 1,100 | $122,202.46 |
| 6291819 | CHINA PETROLEUM & CHEMICAL - H | CN | 386 HK | 148,000 | $131,288.29 |
| 62944TAE5 | NVR INC 3.95000 09/15/2022 | US | 1,880,000 | $1,917,802.34 | |
| 6356934 | FANUC LTD | JP | 6954 JP | 835 | $214,889.89 |
| 637417106 | NATIONAL RETAIL PROPERTIES | US | NNN | 1,665 | $65,367.90 |
| 64110W102 | NETEASE.COM INC- ADR | CN | NTES | 280 | $78,509.20 |
| 6429104 | HITACHI LTD FIRST SECTION | JP | 6501 JP | 30,400 | $221,421.66 |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 752,718.19 | $759,741.43 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 956,230.05 | $965,748.65 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 1,695,333.36 | $1,711,039.78 | |
| 6490995 | KEYENCE CORP | JP | 6861 JP | 680 | $424,767.52 |
| 6630940 | CHINA EVERBRIGHT INTL LTD | HK | 257 HK | 124,000 | $175,085.32 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 425,000 | $433,500.00 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 61,355 | $4,960,551.75 |
| 67087MAA4 | OBP DEPOSITOR LLC TRUST 4.64620 07/15/2045 | US | 100,000 | $103,177.76 | |
| 683235AA3 | ONTARIO (PROVINCE OF) 2.00000 09/27/2018 | CA | 1,300,000 | $1,298,816.58 | |
| 68323ADY7 | ONTARIO (PROVINCE OF) 1.25000 06/17/2019 | CA | 1,300,000 | $1,282,268.00 | |
| 6865504 | SUZUKI MOTOR CORP | JP | 7269 JP | 2,300 | $124,874.71 |
| 69007J106 | OUTFRONT MEDIA INC | US | OUT | 3,269 | $61,261.06 |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 250,000 | $255,625.00 | |
| 697660207 | PAMPA ENERGIA SA | AR | PAM | 1,380 | $82,248.00 |
| 70014LAC4 | PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 | KY | 205,000 | $194,237.50 | |
| 7110902 | TECAN GROUP AG-REG | CH | TECN SW | 435 | $92,125.10 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 2,259 | $178,554.81 |
| 713448CX4 | PEPSICO INC 3.10000 07/17/2022 | US | 1,160,000 | $1,166,392.38 | |
| 7147892 | TEMENOS GROUP AG-REG | CH | TEMN SW | 640 | $76,741.96 |
| 71654QCJ9 | PETROLEOS MEXICANOS 6.35000 02/12/2048 | MX | 4,100,000 | $3,961,625.00 | |
| 71943U104 | PHYSICIANS REALTY TRUST | US | DOC | 9,255 | $144,100.35 |
| 7262610 | CREDIT AGRICOLE SA | FR | ACA FP | 9,765 | $159,218.61 |
| 729640102 | PLYMOUTH INDUSTRIAL REIT INC | US | 980 | $16,836.40 | |
| 733174AJ5 | POPULAR INC 7.00000 07/01/2019 | US | 280,000 | $285,600.00 | |
| 7339451 | ORPEA SA | FR | ORP FP | 1,075 | $136,512.29 |
| 7380062 | AAREAL BANK AG | DE | ARL GR | 3,645 | $173,888.89 |
| 7380482 | COMPAGNIE DE SAINT-GOBAIN | FR | SGO FP | 4,850 | $256,104.64 |
| 741503AZ9 | PRICELINE GROUP INC/THE 3.60000 06/01/2026 | US | 4,060,000 | $3,988,567.10 | |
| 74340W103 | PROLOGIS | US | PLD | 6,300 | $396,837.00 |
| 744320AL6 | PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 | US | 2,480,000 | $2,610,200.00 | |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 1,115 | $223,434.85 |
| 74736K101 | QORVO INC | US | QRVO | 99,270 | $6,993,571.50 |
| 7520794 | BANQUE CANTONALE VAUDOIS-REG | CH | BCVN SW | 130 | $105,227.84 |
| 758849103 | REGENCY CENTERS CORP | US | REG | 1,562 | $92,126.76 |
| 75886F107 | REGENERON PHARMACEUTICALS INC | US | REGN | 15,190 | $5,230,828.40 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 1,605 | $46,207.95 |
| 77340RAK3 | ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 | US | 335,000 | $346,728.35 | |
| 7759435 | ILIAD SA | FR | ILD FP | 630 | $130,425.49 |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 2,610 | $171,033.30 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 458 | $56,265.30 |
| 78408XAD3 | SCGT 2013-SRP1 AJ FLT 3.97660 11/15/2026 | US | 2,700,000 | $2,693,435.76 | |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 6,300 | $1,076,796.00 |
| 78442FET1 | SLM CORP 6.12500 03/25/2024 | US | 175,000 | $174,343.75 | |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 225,000 | $227,250.00 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 1,060,000 | $1,158,579.77 | |
| 80282KAS5 | SANTANDER HOLDINGS USA 3.40000 01/18/2023 | US | 2,700,000 | $2,637,373.39 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 65,070 | $4,215,234.60 |
| 808513105 | CHARLES SCHWAB CORP/THE | US | SCHW | 36,045 | $1,882,269.90 |
| 81211K100 | SEALED AIR CORP | US | SEE | 50,420 | $2,157,471.80 |
| 812578102 | SEATTLE GENETICS INC | US | SGEN | 75,040 | $3,927,593.60 |
| 81663AAD7 | SEMGROUP CORP 6.37500 03/15/2025 | US | 285,000 | $272,175.00 | |
| 81745CAB9 | SEMT 2013-7 A2 3.00000 06/25/2043 | US | 590,140.39 | $572,986.78 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 824,207.4 | $800,076.26 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 639,237.35 | $584,303.21 | |
| 81762P102 | SERVICENOW INC | US | NOW | 24,105 | $3,988,172.25 |
| 81783QAC9 | SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 | CA | 170,000 | $162,350.00 | |
| 822538AE4 | SHELF DRILL HOLD LTD 8.25000 02/15/2025 | KY | 140,000 | $140,350.00 | |
| 828806109 | SIMON PROPERTY GROUP INC | US | SPG | 2,895 | $446,843.25 |
| 82967NAY4 | SIRIUS XM RADIO INC 3.87500 08/01/2022 | US | 140,000 | $134,120.00 | |
| 83088M102 | SKYWORKS SOLUTIONS INC | US | SWKS | 36,090 | $3,618,383.40 |
| 83401BAA4 | SOFI 2017-F A1FX 2.05000 01/25/2041 | US | 362,704.91 | $359,881.80 | |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 225,000 | $221,318.17 | |
| 83404YAA1 | SCLP 2016-5 A 3.06000 09/25/2028 | US | 444,596.18 | $443,900.25 | |
| 83406EAB1 | SOFI 2018-A A2A 2.39000 02/25/2042 | US | 753,726.22 | $750,216.95 | |
| 834423AA3 | SOLVAY FINANCE (AMERICA) 3.40000 12/03/2020 | US | 1,160,000 | $1,165,964.33 | |
| 845467AL3 | SOUTHWESTERN ENERGY CO 6.70000 01/23/2025 | US | 220,000 | $213,510.00 | |
| 852061AK6 | SPRINT COMMUNICATIONS 9.00000 11/15/2018 | US | 75,000 | $77,343.75 | |
| 852061AR1 | SPRINT COMMUNICATIONS 7.00000 08/15/2020 | US | 75,000 | $78,000.00 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 4,980 | $119,121.60 |
| 85571BAJ4 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 135,000 | $131,625.00 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 2.99660 11/15/2027 | US | 1,574,452 | $1,576,021.10 | |
| 862121100 | STORE CAPITAL CORP | US | STOR | 3,340 | $82,898.80 |
| 866674104 | SUN COMMUNITIES | US | SUI | 1,745 | $159,440.65 |
| 867892101 | SUNSTONE HOTEL INVESTORS INC | US | SHO | 5,480 | $83,405.60 |
| 87243QAB2 | TENET HEALTHCARE CORP 6.00000 10/01/2020 | US | 80,000 | $82,700.00 | |
| 87470LAA9 | TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 | US | 200,000 | $203,500.00 | |
| 876664103 | TAUBMAN CTRS INC | US | TCO | 550 | $31,300.50 |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 584,179.94 | $581,124.68 | |
| 87854WAA1 | TECHNIPLAS LLC 10.00000 05/01/2020 | US | 170,000 | $144,500.00 | |
| 88032WAG1 | TENCENT HOLDINGS LTD 3.59500 01/19/2028 | KY | 2,750,000 | $2,648,743.63 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 1,320 | $45,553.20 |
| 88161DAA9 | TESLA 2018-A A 2.32000 12/20/2019 | US | 1,001,114.97 | $999,129.66 | |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 18,560 | $1,928,198.40 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 2,406,676.66 | $2,371,993.08 | |
| 893870204 | TRANSPORTADOR GAS SUR-SP ADR | AR | TGS | 4,005 | $81,461.70 |
| 89613BAA5 | TAH 2013-SFR1 A 2.58900 11/17/2033 | US | 1,998,394.74 | $1,957,423.65 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 915,000 | $894,700.82 | |
| 896356AE2 | TRINIDAD DRILLING LTD 6.62500 02/15/2025 | CA | 270,000 | $251,775.00 | |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 255,000 | $262,650.00 | |
| 902653104 | UDR INC | US | UDR | 4,965 | $176,853.30 |
| 903002103 | UMH PROPERTIES INC | US | UMH | 4,595 | $61,618.95 |
| 90320MAA3 | UPCB FINANCE IV LTD 5.37500 01/15/2025 | KY | 450,000 | $434,250.00 | |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 66,413 | $3,689,906.28 |
| 912810FM5 | UNITED STATES TREAS BOND 6.25000 05/15/2030 | US | 3,558,000 | $4,828,039.20 | |
| 912810PT9 | UNITED STATES TREAS BOND 4.75000 02/15/2037 | US | 5,684,000 | $7,275,520.00 | |
| 912810QV3 | UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 | US | 2,526,275.85 | $2,460,171.90 | |
| 912810RK6 | US TREASURY N/B 2.50000 02/15/2045 | US | 3,977,000 | $3,631,342.78 | |
| 912810RX8 | US TREASURY N/B 3.00000 05/15/2047 | US | 10,550,000 | $10,601,513.65 | |
| 9128283W8 | US TREASURY N/B 2.75000 02/15/2028 | US | 5,300,000 | $5,302,691.39 | |
| 912828D23 | US TREASURY N/B 1.62500 04/30/2019 | US | 15,700,000 | $15,611,074.26 | |
| 912828K58 | UNITED STATES TREAS NTS 1.37500 04/30/2020 | US | 16,080,000 | $15,771,590.58 | |
| 912828R36 | US TREASURY N/B 1.62500 05/15/2026 | US | 5,326,000 | $4,898,879.78 | |
| 912828RT9 | US TREASURY N/B 1.37500 11/30/2018 | US | 4,400,000 | $4,381,093.73 | |
| 912828UH1 | UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 | US | 2,494,637.7 | $2,453,100.64 | |
| 912828X88 | US TREASURY N/B 2.37500 05/15/2027 | US | 10,206,000 | $9,901,813.33 | |
| 912828XQ8 | US TREASURY N/B 2.00000 07/31/2022 | US | 10,414,000 | $10,191,482.08 | |
| 91704F104 | URBAN EDGE PROPERTIES | US | UE | 7,015 | $149,770.25 |
| 92276F100 | VENTAS INC | US | VTR | 1,435 | $71,075.55 |
| 92339V100 | VEREIT INC | US | VER | 10,200 | $70,992.00 |
| 92343VDV3 | VERIZON COMMUNICATIONS 5.50000 03/16/2047 | US | 3,680,000 | $4,077,914.32 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 8,770 | $1,429,334.60 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 34,480 | $4,124,497.60 |
| 92903PAC3 | VNO 2010 - VNO A2FX 4.00350 09/13/2028 | US | 275,000 | $282,597.40 | |
| 929042109 | VORNADO REALTY TRUST | US | VNO | 2,340 | $157,482.00 |
| 948565AC0 | WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 | US | 225,000 | $223,875.00 | |
| 94856TAA2 | WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 | US | 250,000 | $246,875.00 | |
| 95040Q104 | WELLTOWER INC. | US | WELL | 1,855 | $100,967.65 |
| 962166104 | WEYERHAEUSER CO | US | WY | 74,504 | $2,607,640.00 |
| 962178AL3 | TRI POINTE HOLDINGS INC 4.37500 06/15/2019 | US | 165,000 | $165,412.50 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 140,000 | $142,058.00 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 1,750,000 | $1,673,064.87 | |
| 97651JAE6 | WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 | US | 829,443.77 | $833,201.98 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 930,722.26 | $922,346.78 | |
| 98416JAE0 | XERIUM TECHNOLOGIES INC 9.50000 08/15/2021 | US | 165,000 | $169,950.00 | |
| 984245100 | YPF S.A.-SPONSORED ADR | AR | YPF | 3,710 | $80,210.20 |
| 98919V105 | ZAYO GROUP HOLDINGS INC | US | ZAYO | 83,140 | $2,840,062.40 |
| AN7903213 | SONGA BULK ASA 6.58875 06/13/2022 | NO | 200,000 | $199,588.00 | |
| AP0787667 | MPC CONTAINER SHIPS FLT 6.99814 09/22/2022 | NL | 200,000 | $201,616.00 | |
| AP8694550 | BOREALIS FINANCE LLC 7.50000 11/16/2022 | MH | 200,000 | $199,500.00 | |
| B037HR3 | ITAU UNIBANCO HOLDINGS S-PREF | BR | ITUB4 BZ | 8,600 | $134,517.86 |
| B037JC2 | NEXITY | FR | NXI FP | 2,650 | $169,721.04 |
| B0386J1 | JYSKE BANK-REG | DK | JYSK DC | 1,690 | $100,477.95 |
| B06JSP1 | SYDBANK A/S | DK | SYDB DC | 2,420 | $89,392.95 |
| B0CGYD6 | LOJAS RENNER S.A. | BR | LREN3 BZ | 8,495 | $87,871.77 |
| B11ZRK9 | LEGRAND SA | FR | LR FP | 1,900 | $149,075.48 |
| B138HB7 | KAUFMAN & BROAD SA | FR | KOF FP | 2,665 | $140,245.30 |
| B13X013 | EIFFAGE | FR | FGR FP | 1,555 | $177,101.09 |
| B15C557 | TOTAL SA | FR | FP FP | 2,965 | $169,953.04 |
| B1FRH89 | M DIAS BRANCO SA | BR | MDIA3 BZ | 7,600 | $117,402.96 |
| B1FW751 | GALP ENERGIA SGPS SA | PT | GALP PL | 9,195 | $173,405.96 |
| B1HDJL2 | NATIXIS | FR | KN FP | 19,530 | $160,249.74 |
| B1HKSV6 | BANCA GENERALI SPA | IT | BGN IM | 4,255 | $137,282.04 |
| B1KFX13 | GRUPO AEROPORTUARIO DEL CENT | MX | OMAB MM | 8,800 | $42,910.89 |
| B1NXMK6 | IGUATEMI EMP DE SHOPPING | BR | IGTA3 BZ | 9,550 | $113,392.60 |
| B1WGG93 | GEBERIT AG-REG | CH | GEBN SW | 290 | $128,244.48 |
| B1XFTL2 | HEXAGON AB-B SHS | SE | HEXAB SS | 2,160 | $128,928.19 |
| B1XH026 | VINCI SA | FR | DG FP | 3,710 | $365,417.21 |
| B1Y9TB3 | DANONE | FR | BN FP | 1,690 | $137,029.20 |
| B1YVKN8 | ANTA SPORTS PRODUCTS LTD | CN | 2020 HK | 36,000 | $183,773.13 |
| B1YY4B3 | UNIBAIL-RODAMCO SE | FR | UL NA | 905 | $206,723.57 |
| B232R05 | SK INNOVATION CO LTD | KR | 096770 KS | 585 | $116,273.83 |
| B283W97 | CAIXABANK S.A | ES | CABK SM | 39,265 | $187,202.32 |
| B2B0DG9 | RELX PLC | GB | REL LN | 5,430 | $111,541.93 |
| B2QY968 | HYPERMARCAS SA | BR | HYPE3 BZ | 11,800 | $128,849.44 |
| B3FP8W8 | CANADA HOUSING TRUST 4.10000 12/15/2018 | CA | 300,000 | $236,940.27 | |
| B3NB1P2 | SUNCOR ENERGY INC | CA | SU CN | 3,065 | $105,842.24 |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 2,850,000 | $153,533.17 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 360,000 | $288,366.05 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 4,000,000 | $214,308.03 | |
| B4Q2TX3 | CHINA LONGYUAN POWER GROUP-H | CN | 916 HK | 253,000 | $195,387.25 |
| B4R2R50 | JULIUS BAER | CH | BAER SW | 1,995 | $122,775.28 |
| B4WTBY3 | HUANENG RENEWABLES CORP-H | CN | 958 HK | 534,000 | $201,068.52 |
| B4X4D29 | FLEURY SA | BR | FLRY3 BZ | 14,930 | $123,095.79 |
| B4YN9R2 | SINGAPORE GOVERNMENT 2.50000 06/01/2019 | SG | 660,000 | $507,527.74 | |
| B4YVF56 | BRENNTAG AG | DE | BNR GR | 1,826 | $108,705.79 |
| B5W0S97 | ROYAL BANK OF CANADA 3.77000 03/30/2018 | CA | 345,000 | $267,843.29 | |
| B615Y14 | MEX BONOS DESARR FIX RT 8.00000 06/11/2020 | MX | 5,300,000 | $296,144.06 | |
| B61JC67 | TREASURY WINE ESTATES LTD | AU | TWE AU | 9,380 | $122,551.87 |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 10,000 | $169,536.87 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 1,000,000 | $56,284.38 | |
| B7FQV64 | RAIA DROGASIL S.A. | BR | RADL3 BZ | 5,275 | $119,402.31 |
| B7VQL46 | FNAC DARTY SA | FR | FNAC FP | 725 | $77,588.11 |
| BB22L96 | KION GROUP AG | DE | KGX GR | 2,485 | $232,001.54 |
| BBG00HGG4WB2 | BABA US 04/20/18 P175 | CN | -56 | -$16,520.00 | |
| BBG00HH5X1Q5 | MA US 04/20/18 P160 | US | -61 | -$4,453.00 | |
| BBG00HJYYS71 | REGN US 04/20/18 C360 | US | -27 | -$13,230.00 | |
| BBG00K1PWX55 | LULU US 03/29/18 C90 | CA | -110 | -$330.00 | |
| BBG00K4117D7 | QRVO US 04/20/18 P67.5 | US | -145 | -$19,575.00 | |
| BBG00K4BM7W1 | UL US 04/20/18 P47.5 | GB | -206 | -$1,030.00 | |
| BBG00K5JF822 | MDT US 04/06/18 P77.5 | IE | -128 | -$2,560.00 | |
| BBG00K996BS5 | AMZN US 04/27/18 P1350 | US | -7 | -$25,200.00 | |
| BBG00KCSQKF1 | SCHW US 04/20/18 P50.5 | US | -196 | -$19,600.00 | |
| BDZZRC1 | BOLSAS Y MERCADOS ARGENTINOS | AR | 5,190 | $102,598.72 | |
| BF955D8 | TELENET FINANCE LUX NOTE 5.50000 03/01/2028 | LU | 200,000 | $191,250.00 | |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 45,795 | $81,367.25 |
| BGSH2S6 | CVC BRASIL OPERADORA E AGENCIA | BR | CVCB3 BZ | 5,300 | $97,332.69 |
| BH4TZ73 | FU SHOU YUAN INTERNATIONAL | CN | 1448 HK | 123,000 | $122,445.74 |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 49,116 | $2,636,525.75 |
| BNBNSG0 | EURONEXT NV | NL | ENX FP | 3,265 | $239,321.27 |
| BNGN9Z1 | FINECOBANK SPA | IT | FBK IM | 21,925 | $263,895.68 |
| BP269Z8 | AXIA REAL ESTATE SOCIMI SA | ES | AXIA SM | 1,915 | $38,966.90 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 87,095 | $2,738,152.20 |
| BVRZ8L1 | AENA SA | ES | AENA SM | 1,540 | $310,531.30 |
| BVSS790 | ELIS SA | FR | ELIS FP | 3,320 | $82,206.17 |
| BYXS699 | QIAGEN N.V. | NL | QIA GR | 3,460 | $111,856.20 |
| BYY8LS2 | MAISONS DU MONDE SA | FR | MDM FP | 1,990 | $72,680.65 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 53,877 | $5,923,608.33 |
| BYZ43T4 | EUROBANK ERGASIAS SA | GR | EUROB GA | 129,100 | $122,759.29 |
| BYZFYS3 | SPIE SA | FR | SPIE FP | 7,050 | $155,991.16 |
| BYZFZ91 | SOPHOS GROUP PLC | GB | SOPH LN | 20,060 | $122,193.50 |
| BYZR014 | AMUNDI SA | FR | AMUN FP | 2,515 | $201,972.98 |
| BYZWX76 | CRODA INTERNATIONAL PLC | GB | CRDA LN | 2,880 | $185,014.70 |
| BZ3C3Q4 | BANKIA SA | ES | BKIA SM | 21,266 | $95,398.44 |
| BZCNN35 | BANCO COMERCIAL PORTUGUES-R | PT | BCP PL | 234,965 | $78,788.49 |
| G02602103 | AMDOCS LTD | GG | DOX | 3,135 | $209,167.20 |
| G06242104 | ATLASSIAN CORP PLC-CLASS A | AU | TEAM | 1,198 | $64,596.16 |
| G3157S106 | ENSCO INTERNATIONAL INC | US | ESV | 118,635 | $520,807.65 |
| G37585AC3 | GASLOG LTD 8.87500 03/22/2022 | BM | 205,000 | $212,687.50 | |
| G45667105 | HOLLYSYS AUTOMATION TECHNOLOGIES | CN | HOLI | 4,105 | $101,475.60 |
| G57279104 | LUXOFT HOLDING INC | CH | LXFT | 675 | $27,641.25 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 62,640 | $5,024,980.80 |
| G68707101 | PAGSEGURO DIGITAL LTD-CL A | BR | PAGS | 2,145 | $82,196.40 |
| G97822103 | PERRIGO CO PLC | IE | PRGO | 2,120 | $176,680.80 |
| H8817H100 | TRANSOCEAN LTD | US | RIG | 180,995 | $1,791,850.50 |
| N47279109 | INTERXION HOLDING NX | NL | INXN | 3,705 | $230,117.55 |
| N72482123 | QIAGEN N.V. ADR | NL | QGEN | 2,725 | $88,044.75 |
| USD | US DOLLAR | US | 6,730,855.8 | $6,730,855.80 |
Investments will change over time.
Daily Price
$29.04
Daily $ Change
-$0.15
Daily % Change
-0.52%
as of 04/19/2018
CUSIP
563821131
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 equal emphasis on long-term capital growth and capital preservation.
Investment Strategy
The portfolio is invested in a moderately conservative mix of securities that seeks to balance growth and capital preservation for a more stable rate of return relative to an investment in the stock market. Holdings are diversified primarily among intermediate to long-term fixed income securities. Because this fund is designed to moderate risk, stocks will typically be a minority in the portfolio, unless the fund manager’s analysis shows that the stock market is especially attractive.
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 want long-term capital growth and who seek to minimize extreme declines in account value
- Who have a moderate tolerance for capital risk
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 | 15+ Years | 7-20 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
-0.58%
1 Year
5.79%
3 Year
2.85%
5 Year
4.17%
10 Year
4.91%
Inception
(---)
---
US Stock Market Cycle (04/01/2000 - 03/31/2018)
5.96%
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 | 0.90% |
| Net | 0.90%* |
*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 | 13.16% |
| GOVERNMENT AGENCY | 6.77% |
| TREASURY BONDS | 5.25% |
| BOOKING HOLDINGS INC | 1.63% |
| QORVO INC | 1.39% |
| ANHEUSER-BUSCH INBEV SA/NV | 1.18% |
| DAVITA INC. | 1.12% |
| FACEBOOK INC -A | 1.11% |
| REGENERON PHARMACEUTICALS INC | 1.04% |
| KFW 1.50000 06/15/2021 | 1.04% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 03/31/2018
| Bonds | 60.99% | |
| Stocks | 37.69% | |
| Cash | 1.32% |
Detailed Asset Class Allocation
As of 03/31/2018
| International Equities | 12.80% | |
| Small Capitalization | 0.65% | |
| Mid Capitalization | 4.67% | |
| Large Capitalization | 19.58% | |
| Long Term Fixed Income | 18.59% | |
| Intermediate Term Fixed Income | 29.84% | |
| Short Term Fixed Income | 12.55% | |
| Cash | 1.32% |
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) |
|---|---|---|---|---|---|
| 00163UAB2 | AMAG PHARMACEUTICALS INC 7.87500 09/01/2023 | US | 185,000 | $182,687.50 | |
| 00206REM0 | AT&T INC 3.90000 08/14/2027 | US | 2,400,000 | $2,416,522.92 | |
| 00254EML3 | SWEDISH EXPORT CREDIT 1.12500 08/28/2019 | SE | 5,000,000 | $4,911,450.00 | |
| 00289XAA7 | ABENGOA YIELD PLC 7.00000 11/15/2019 | GB | 620,000 | $640,150.00 | |
| 004239109 | ACADIA REALTY TRUST | US | AKR | 2,050 | $50,430.00 |
| 0045614 | ANTOFAGASTA PLC | GB | ANTO LN | 94,060 | $1,216,085.63 |
| 0053673 | ASHTEAD GROUP PLC | GB | AHT LN | 6,360 | $173,416.06 |
| 00772BAF8 | AERCAP IRELAND CAP LTD/A 4.50000 05/15/2021 | IE | 2,260,000 | $2,314,992.63 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 910 | $43,716.40 |
| 00928QAK7 | AIRCASTLE LTD 6.25000 12/01/2019 | BM | 75,000 | $78,000.00 | |
| 009563AD9 | AIRXCEL INC 8.50000 02/15/2022 | US | 279,000 | $301,668.75 | |
| 015271109 | ALEXANDRIA REAL EST EQUITIES | US | ARE | 915 | $114,274.35 |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 18,515 | $3,398,243.10 |
| 01609WAT9 | ALIBABA GROUP HOLDING 3.40000 12/06/2027 | KY | 4,190,000 | $3,976,749.91 | |
| 01748XAA0 | ALLEGIANT TRAVEL CO 5.50000 07/15/2019 | US | 175,000 | $177,625.00 | |
| 02005NAT7 | ALLY FINANCIAL INC 3.50000 01/27/2019 | US | 130,000 | $130,162.50 | |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 1,850 | $1,908,811.50 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 1,835 | $1,903,151.90 |
| 02155FAC9 | ALTICE US FINANCE I CORP 5.50000 05/15/2026 | US | 125,000 | $122,175.00 | |
| 023135106 | AMAZON.COM INC | US | AMZN | 850 | $1,230,239.00 |
| 02319V103 | AMBEV SA-ADR | BR | ABEV | 640,980 | $4,659,924.60 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 130,515 | $4,413,969.47 |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 2,765 | $106,784.30 |
| 0263494 | BAE SYSTEMS PLC | GB | BA/ LN | 7,215 | $59,030.78 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 7,550 | $151,604.00 |
| 02666TAA5 | AMERICAN HOMES 4 RENT 4.25000 02/15/2028 | US | 2,710,000 | $2,655,618.16 | |
| 026874CY1 | AMERICAN INTL GROUP 4.12500 02/15/2024 | US | 1,690,000 | $1,714,919.37 | |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 7,100 | $1,031,914.00 |
| 03063NAA5 | AMERICOLD LLC TRUST 3.84730 01/14/2029 | US | 100,545.53 | $101,818.98 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 2,445 | $46,650.60 |
| 034863AT7 | ANGLO AMERICAN CAPITAL 4.00000 09/11/2027 | GB | 2,750,000 | $2,637,259.32 | |
| 03748R101 | APARTMENT INVT & MGMT CO -A | US | AIV | 3,290 | $134,067.50 |
| 0405207 | HALMA PLC | GB | HLMA LN | 6,765 | $111,982.47 |
| 04621WAC4 | ASSURED GUARANTY US HLDG 5.00000 07/01/2024 | US | 2,750,000 | $2,931,509.87 | |
| 0490656 | KERRY GROUP PLC-A | IE | KYGA LN | 1,665 | $168,300.81 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 2,005 | $329,742.30 |
| 05501U106 | AZUL S.A SPONSORED ADR PFD | BR | AZUL | 4,390 | $152,552.50 |
| 0557681 | HOWDEN JOINERY GROUP INC | GB | HWDN LN | 10,015 | $64,825.80 |
| 05604LAA0 | BWAY 2015-1740 A 2.91700 01/10/2035 | US | 4,000,000 | $3,864,791.60 | |
| 058498106 | BALL CORP | US | BLL | 99,790 | $3,962,660.90 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 1,560,000 | $1,556,931.15 | |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 42,350 | $3,433,314.50 |
| 09062X103 | BIOGEN IDEC INC | US | BIIB | 8,980 | $2,458,903.60 |
| 09247X101 | BLACKROCK INC | US | BLK | 5,390 | $2,919,870.80 |
| 0946580 | WEIR GROUP PLC/THE | GB | WEIR LN | 12,350 | $346,189.86 |
| 09627J102 | BLUEROCK RESIDENTIAL GROWTH | US | 3,955 | $33,617.50 | |
| 096630AE8 | BOARDWALK PIPELINES LP 5.95000 06/01/2026 | US | 3,670,000 | $3,933,035.07 | |
| 09857L108 | BOOKING HOLDINGS INC | US | BKNG | 3,930 | $8,175,932.70 |
| 101121101 | BOSTON PROPERTIES INC | US | BXP | 1,685 | $207,625.70 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 5,065 | $80,432.20 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 32,710 | $2,068,907.50 |
| 110448107 | BRITISH AMERICAN TOB-SP ADR | GB | BTI | 2,105 | $121,437.45 |
| 12467AAD0 | C&S GROUP ENTERPRISES 5.37500 07/15/2022 | US | 355,000 | $334,541.35 | |
| 12591QAR3 | COMM 2014-UBS4 A5 3.69400 08/10/2047 | US | 3,600,000 | $3,666,348.36 | |
| 12592BAB0 | CNH INDUSTRIAL CAPITAL L 3.37500 07/15/2019 | US | 2,640,000 | $2,633,400.00 | |
| 12593GAF9 | COMM 2015-PC1 A5 3.90200 07/10/2050 | US | 1,900,000 | $1,948,484.01 | |
| 12629NAF2 | COMM 2015-DC1 A5 FLT 3.35000 02/10/2048 | US | 4,200,000 | $4,162,581.78 | |
| 126307AH0 | CSC HOLDINGS LLC 5.25000 06/01/2024 | US | 340,000 | $323,425.00 | |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 1,012,282.16 | $940,078.10 | |
| 13321L108 | CAMECO CORP | CA | CCJ | 5,591 | $50,822.19 |
| 14912Y202 | CATCHMARK TIMBER TRUST INC | US | CTT | 12,315 | $153,568.05 |
| 149806AA9 | CAZ 2015-1A A 2.00000 12/10/2023 | US | 207,372.18 | $207,112.96 | |
| 156504AH5 | CENTURY COMMUNITIES 5.87500 07/15/2025 | US | 265,000 | $252,412.50 | |
| 16411QAA9 | CHENIERE ENERGY PARTNERS 5.25000 10/01/2025 | US | 130,000 | $128,212.50 | |
| 16412XAD7 | CHENIERE CORP CHRISTI HD 7.00000 06/30/2024 | US | 170,000 | $188,062.50 | |
| 165240102 | CHESAPEAKE LODGING TRUST | US | CHSP | 3,560 | $99,003.60 |
| 172967EW7 | CITIGROUP INC 8.12500 07/15/2039 | US | 2,670,000 | $4,043,194.38 | |
| 19238VAG0 | COGECO CABLE INC 4.87500 05/01/2020 | CA | 80,000 | $80,200.00 | |
| 19625JAA1 | CAH 2015-1A A 2.91794 07/17/2032 | US | 1,048,156.35 | $1,051,461.71 | |
| 19625W104 | COLONY NORTHSTAR INC-CLASS A | US | CLNS | 10,198 | $57,312.76 |
| 198287203 | COLUMBIA PROPERTY TRUST INC | US | CXP | 2,555 | $52,275.30 |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 5,985 | $154,053.90 |
| 21871N101 | CORECIVIC INC | US | CXW | 7,145 | $139,470.40 |
| 21987BAK4 | CODELCO INC 5.62500 09/21/2035 | CL | 2,330,000 | $2,670,786.41 | |
| 222795106 | COUSINS PROPERTIES INC | US | CUZ | 25,800 | $223,944.00 |
| 22663AAA7 | ORTHO-CLINICAL DIAGNOSTI 6.62500 05/15/2022 | US | 135,000 | $131,625.00 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 1,180 | $129,339.80 |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 715,180.3 | $668,208.69 | |
| 229663109 | CUBESMART | US | CUBE | 3,495 | $98,559.00 |
| 23311RAC0 | DCP MIDSTREAM OPERATING 9.75000 03/15/2019 | US | 80,000 | $84,400.00 | |
| 2347608 | FIRST QUANTUM MINERALS LTD | CA | FM CN | 1,950 | $27,380.37 |
| 23918K108 | DAVITA INC. | US | DVA | 85,340 | $5,627,319.60 |
| 23918KAR9 | DAVITA INC 5.00000 05/01/2025 | US | 225,000 | $217,473.75 | |
| 2434760 | MEXICHEM SAB DE CV | MX | MEXCHEM* MM | 23,400 | $71,615.84 |
| 25271C102 | DIAMOND OFFSHORE DRILLING | US | DO | 69,780 | $1,022,974.80 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 2,525 | $266,084.50 |
| 254683BK0 | DCENT 2014-A4 2.12000 12/15/2021 | US | 180,000 | $179,036.98 | |
| 2643674 | GRUPO MEXICO SAB DE CV-SER | MX | GMEXICOB MM | 59,400 | $197,836.63 |
| 26780TAA5 | DYNAGAS LNG PARTNERS/FIN 6.25000 10/30/2019 | MH | 310,000 | $311,550.00 | |
| 269246401 | ETRADE FINANCIAL CORP | US | ETFC | 36,260 | $2,009,166.60 |
| 269246BP8 | E*TRADE FINANCIAL CORP 2.95000 08/24/2022 | US | 1,190,000 | $1,158,414.25 | |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 3,150 | $60,220.05 |
| 277276101 | EASTGROUP PROPERTIES | US | EGP | 430 | $35,543.80 |
| 2801836 | SHAW COMMUNICATIONS INC-B | CA | SJR/B CN | 1,550 | $29,860.67 |
| 28140H203 | EDUCATION REALTY TRUST INC | US | EDR | 1,050 | $34,387.50 |
| 28370TAG4 | KINDER MORGAN ENER PART 4.30000 05/01/2024 | US | 2,280,000 | $2,295,883.71 | |
| 285512109 | ELECTRONIC ARTS | US | EA | 27,120 | $3,288,028.80 |
| 2866857 | LUNDIN MINING CORP | CA | LUN CN | 179,375 | $1,176,480.58 |
| 29250NAR6 | ENBRIDGE INC 3.70000 07/15/2027 | CA | 1,180,000 | $1,131,121.40 | |
| 294429105 | EQUIFAX INC | US | EFX | 20,690 | $2,437,488.90 |
| 29444U700 | EQUINIX INC | US | EQIX | 1,105 | $462,044.70 |
| 294628102 | EQUITY COMMONWEALTH | US | EQC | 2,400 | $73,608.00 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 1,300 | $114,101.00 |
| 29476L107 | EQUITY RESIDENTIAL | US | EQR | 2,535 | $156,206.70 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 455 | $109,509.40 |
| 298736109 | EURONET WORLDWIDE INC | US | EEFT | 26,565 | $2,096,509.80 |
| 302154BV0 | EXPORT-IMPORT BANK KOREA 2.62500 12/30/2020 | KR | 4,675,000 | $4,601,822.23 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 1,745 | $152,443.20 |
| 30251JAA9 | FDIC 2011-R1 A 2.67200 07/25/2026 | US | 201,298.94 | $200,786.41 | |
| 30286XAN9 | FREMF 2015-K43 B FLT 3.73459 02/25/2048 | US | 2,300,000 | $2,298,959.71 | |
| 30290HAE8 | FREMF 2012-K708 FLT 3.75093 02/25/2045 | US | 1,600,000 | $1,610,844.48 | |
| 30291EAE4 | FREMF 2013-K712 B FLT 3.36434 05/25/2045 | US | 675,000 | $678,871.80 | |
| 30291HAA5 | FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 107,120,787.5 | $415,992.87 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 34,820 | $5,563,887.80 |
| 3128M5A91 | FHLM POOL G03332 6.00000 10/01/2037 | US | 54,579.72 | $61,104.58 | |
| 3128M5NM8 | FHLM POOL G03696 5.50000 01/01/2038 | US | 120,109.81 | $131,733.10 | |
| 3128M6B98 | FHLM POOL G04264 5.50000 04/01/2038 | US | 407,156.06 | $446,684.91 | |
| 3128M73H7 | FHLM POOL G05900 6.00000 03/01/2040 | US | 160,054.76 | $179,460.10 | |
| 3128M73P9 | FHLM POOL G05906 6.00000 04/01/2040 | US | 157,190.72 | $176,406.69 | |
| 3128M7KW5 | FHLM POOL G05409 5.50000 03/01/2039 | US | 296,480.51 | $325,226.15 | |
| 3128M8AW4 | FHLM POOL G06021 5.50000 01/01/2040 | US | 116,477.62 | $127,786.63 | |
| 3128M9C83 | FHLM POOL G06995 6.00000 05/01/2040 | US | 361,734.73 | $404,046.03 | |
| 3128MB4Q7 | FHLM POOL G13331 5.50000 10/01/2023 | US | 16,162.09 | $16,813.24 | |
| 3128MBDP9 | FHLM POOL G12610 6.00000 03/01/2022 | US | 32,109.54 | $33,453.95 | |
| 3128MBE45 | FHLM POOL G12655 6.00000 05/01/2022 | US | 22,138.42 | $23,024.60 | |
| 3128MBRH2 | FHLM POOL G12988 6.00000 01/01/2023 | US | 17,057.95 | $17,829.13 | |
| 3128MBUB1 | FHLM POOL G13078 6.00000 03/01/2023 | US | 30,215.39 | $31,578.92 | |
| 3128MJ2U3 | FHLM GOLD POOL FG G08786 4.50000 10/01/2047 | US | 2,379,662.39 | $2,501,462.51 | |
| 3128MJJT8 | FHLM POOL G08273 5.50000 06/01/2038 | US | 288,676.41 | $316,628.40 | |
| 3128P75P4 | FHLM POOL C91754 4.50000 03/01/2034 | US | 656,235.51 | $690,078.66 | |
| 3132WPDP9 | FHLM GOLD POOL FG Q49109 4.00000 07/01/2047 | US | 1,137,751.99 | $1,169,296.54 | |
| 3132XSLZ1 | FHLM GOLD POOL FG Q50343 4.00000 08/01/2047 | US | 1,238,064.8 | $1,272,056.41 | |
| 31335ABB3 | FHLM POOL G60034 4.50000 02/01/2045 | US | 3,208,392.98 | $3,366,249.99 | |
| 31335AFY9 | FHLM POOL G60183 4.00000 12/01/2044 | US | 877,793.97 | $903,147.07 | |
| 31336WBS7 | FHLM POOL G11850 5.50000 07/01/2020 | US | 47,434.39 | $48,173.19 | |
| 31371NCJ2 | FEDERAL NATL MTG ASSN 256673 5.50000 04/01/2037 | US | 568,269.08 | $623,270.41 | |
| 3137A2B34 | FHMS K009 X1 FLT 1.29512 08/25/2020 | US | 10,942,165.79 | $277,689.19 | |
| 3137ADTK3 | FHMS K014 X1 FLT 1.17939 04/25/2021 | US | 6,961,609.02 | $210,654.81 | |
| 3137AJMG6 | FMHS K016 X1 FLT 1.52075 10/25/2021 | US | 4,289,349.31 | $189,462.70 | |
| 3137AL6W4 | FHMS K706 X1 FLT 1.54720 10/25/2018 | US | 6,212,084.24 | $33,562.03 | |
| 3137AUPF0 | FHMS K021 x1 FLT 1.46192 06/25/2022 | US | 15,643,255.01 | $789,707.49 | |
| 3137B3NB0 | FHMS K030 X1 FLT 0.20508 04/25/2023 | US | 46,924,244.4 | $422,895.37 | |
| 3137B4GZ3 | FHMS K032 X1 FLT 0.10903 05/25/2023 | US | 30,224,145.61 | $165,437.91 | |
| 3137B5KW2 | FHMS K035 A2 3.45800 08/25/2023 | US | 4,000,000 | $4,101,107.20 | |
| 3137BT7J4 | FHMS KJ10 A2 2.91200 12/25/2023 | US | 1,450,000 | $1,443,864.62 | |
| 3138ABBY4 | FEDERAL NATL MTG ASSN AH9054 4.50000 04/01/2041 | US | 255,767.43 | $270,371.96 | |
| 3138ASSD5 | FEDERAL NATL MTG ASSN AJ1415 4.50000 09/01/2041 | US | 144,870.04 | $153,123.41 | |
| 3138EQTZ5 | FEDERAL NATL MTG ASSN AL7767 4.50000 06/01/2044 | US | 2,065,976.46 | $2,184,854.77 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.65200 01/01/2049 | US | 2,517,736.54 | $2,727,842.91 | |
| 31403DDX4 | FEDERAL NATL MTG ASSN 745418 5.50000 04/01/2036 | US | 624,002.88 | $685,712.20 | |
| 3140E2GZ8 | FEDERAL NATL MTG ASSN AZ9215 4.00000 10/01/2045 | US | 717,615.8 | $738,489.77 | |
| 3140EWG66 | FEDERAL NATL MTG ASSN BC2020 3.50000 07/01/2046 | US | 1,454,281.98 | $1,458,986.06 | |
| 3140F2QS2 | FEDERAL NATL MTG ASSN BC6764 3.50000 04/01/2046 | US | 807,644.95 | $810,257.50 | |
| 3140F9M51 | FEDERAL NATL MTG ASSN BD2179 4.00000 07/01/2046 | US | 1,784,768.25 | $1,832,806.50 | |
| 3140FA5G3 | FEDERAL NATL MTG ASSN FN BD3546 4.00000 09/01/2047 | US | 783,688.4 | $805,793.79 | |
| 3140FEXR0 | FEDERAL NATL MTG ASSN BD6987 4.00000 10/01/2046 | US | 1,654,373.16 | $1,699,148.11 | |
| 3140FPGW3 | FEDERAL NATL MTG ASSN BE3812 4.00000 12/01/2046 | US | 1,567,685.38 | $1,610,276.04 | |
| 31410FSE6 | FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 | US | 24,122.45 | $25,073.02 | |
| 31410FV51 | FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 | US | 29,966.48 | $31,130.09 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 219,736.62 | $226,206.83 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 264,467.5 | $272,325.86 | |
| 31410KJV7 | FEDERAL NATL MTG ASSN 889576 6.00000 04/01/2038 | US | 369,689.24 | $415,547.69 | |
| 31410KLD4 | FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 | US | 345,506.03 | $377,896.60 | |
| 31411JXP6 | FEDERAL NATL MTG ASSN 909786 5.50000 03/01/2037 | US | 130,165.34 | $142,531.99 | |
| 31412SY41 | FEDERAL NATL MTG ASSN 933731 5.50000 04/01/2038 | US | 250,273.73 | $273,724.45 | |
| 31416BSW9 | FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 | US | 12,467.31 | $12,735.20 | |
| 31416BVW5 | FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 | US | 148,942.03 | $153,114.12 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 709,229.38 | $749,297.45 | |
| 31418BDH6 | FEDERAL NATL MTG ASSN MA1903 4.50000 05/01/2034 | US | 652,039.87 | $688,670.47 | |
| 31418CAF1 | FEDERAL NATL MTG ASSN FN MA2705 3.00000 08/01/2046 | US | 996,764.05 | $973,058.72 | |
| 31418MDZ2 | FEDERAL NATL MTG ASSN AD0119 6.00000 07/01/2038 | US | 201,146.11 | $225,889.51 | |
| 31418MG63 | FEDERAL NATL MTG ASSN AD0220 6.00000 10/01/2038 | US | 80,132.06 | $89,879.70 | |
| 31418MJC7 | FEDERAL NATL MTG ASSN AD0258 5.50000 03/01/2039 | US | 224,050.52 | $245,131.62 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 367,216.9 | $402,493.26 | |
| 31418MQQ8 | FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 | US | 21,269.92 | $22,248.20 | |
| 31418MSR4 | FEDERAL NATL MTG ASSN AD0527 5.50000 06/01/2039 | US | 155,996.17 | $170,762.99 | |
| 31419BBV6 | FEDERAL NATL MTG ASSN AE0951 4.50000 02/01/2041 | US | 606,541.89 | $641,580.25 | |
| 31428X106 | FEDEX CORPORATION | US | FDX | 12,105 | $2,906,531.55 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 5,305 | $155,065.15 |
| 345605109 | FOREST CITY REALTY TRUST - A | US | FCE/A | 3,760 | $76,177.60 |
| 357081AE8 | FREMF 2015-K720 B FLT 3.38864 07/25/2022 | US | 970,000 | $962,109.63 | |
| 35802XAA1 | FRESENIUS MED CARE US 6.50000 09/15/2018 | US | 105,000 | $106,576.10 | |
| 36143WAN1 | GAHR 2015-NRF BFX FLT 3.38216 12/15/2034 | US | 1,900,000 | $1,903,135.95 | |
| 36143WAS0 | GAHR 2015-NRF DFX FLT 3.38216 12/15/2034 | US | 900,000 | $893,841.66 | |
| 36174X101 | GGP INC | US | GGP | 5,425 | $110,995.50 |
| 36248EAA3 | GSMS 2010-C2 3.84900 12/10/2043 | US | 59,404.79 | $60,257.30 | |
| 371559105 | GENESEE & WYOMING INC -CL A | US | GWR | 24,910 | $1,763,378.90 |
| 374297109 | GETTY REALTY CORP | US | GTY | 3,610 | $91,044.20 |
| 37950E366 | GLOBAL X MSCI GREECE ETF | GR | 15,145 | $146,906.50 | |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 345,000 | $346,380.00 | |
| 37954A204 | GLOBAL MEDICAL REIT INC | US | GMRE | 6,035 | $41,943.25 |
| 39807UAB2 | GREYSTAR REAL ESTATE PAR 5.75000 12/01/2025 | US | 150,000 | $149,625.00 | |
| 399909100 | GRUPO FINANCIERO GALICIA-ADR | AR | GGAL | 1,360 | $89,433.60 |
| 400506101 | GRUPO AEROPORTUARIO PAC-ADR | MX | PAC | 445 | $44,339.80 |
| 40054A108 | GRUPO SUPERVIELLE SA-SP ADR | AR | SUPV | 2,750 | $83,435.00 |
| 40412CAC5 | HCA HEALTHCARE INC 6.25000 02/15/2021 | US | 75,000 | $78,750.00 | |
| 40414L109 | HCP INC | US | HCP | 6,720 | $156,105.60 |
| 410345AL6 | HANESBRANDS INC 4.87500 05/15/2026 | US | 130,000 | $126,100.00 | |
| 4116099 | BPER BANCA | IT | BPE IM | 19,420 | $108,288.57 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 3,485 | $92,178.25 |
| 431318AQ7 | HILCORP ENERGY I/HILCORP 5.75000 10/01/2025 | US | 180,000 | $178,200.00 | |
| 431475AB8 | HILL-ROM HOLDINGS INC 5.00000 02/15/2025 | US | 200,000 | $198,250.00 | |
| 44053FAA8 | HORIZON PHARMA INC/HORIZ 8.75000 11/01/2024 | US | 300,000 | $319,500.00 | |
| 44107P104 | HOST MARRIOTT CORP | US | HST | 4,410 | $82,202.40 |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 340,000 | $333,200.00 | |
| 4457624 | TRIGANO SA | FR | TRI FP | 860 | $155,662.03 |
| 4497749 | KBC GROEP NV | BE | KBC BB | 1,890 | $164,579.34 |
| 45031UCD1 | ISTAR INC 5.25000 09/15/2022 | US | 255,000 | $246,712.50 | |
| 45337C102 | INCYTE CORP | US | INCY | 45,665 | $3,805,264.45 |
| 45378A106 | INDEPENDENCE REALTY TRUST IN | US | IRT | 6,430 | $59,027.40 |
| 45763PAE6 | INMARSAT FINANCE PLC 4.87500 05/15/2022 | GB | 244,000 | $237,290.00 | |
| 459745GH2 | INTL LEASE FINANCE CORP 6.25000 05/15/2019 | US | 165,000 | $170,663.30 | |
| 46115HAT4 | INTESA SANPAOLO SPA 5.01700 06/26/2024 | IT | 200,000 | $197,269.61 | |
| 46115HBD8 | INTESA SANPAOLO SPA 3.87500 01/12/2028 | IT | 1,110,000 | $1,046,922.02 | |
| 46186YAA2 | IHSFR 2015-SFR3 A FLT 3.05032 08/17/2032 | US | 2,144,168.86 | $2,145,657.13 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 2.65820 12/17/2036 | US | 517,624.36 | $521,429.83 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 2.95820 12/17/2036 | US | 390,000 | $391,878.86 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 5,915 | $135,039.45 |
| 464286608 | ISHARES MSCI EMU | XX | 5,875 | $254,681.25 | |
| 464286780 | ISHARES MSCI SOUTH AFRICA ET | ZA | 2,350 | $161,445.00 | |
| 46434G798 | ISHARES MSCI RUSSIA CAPPED E | RU | 3,200 | $116,608.00 | |
| 46625HHL7 | JPMORGAN CHASE & CO 6.30000 04/23/2019 | US | 3,820,000 | $3,963,555.60 | |
| 46639GAL0 | JPMMT 2013-1 1A2 3.00000 03/25/2043 | US | 488,844.6 | $486,495.70 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 574,759.65 | $571,638.71 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 847,413.45 | $844,103.45 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 27,550 | $3,530,532.50 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 245,000 | $220,500.00 | |
| 4813345 | SKANDINAVISKA ENSKILDA BAN-A | SE | SEBA SS | 7,625 | $80,110.60 |
| 4821100 | SOLVAY SA | BE | SOLB BB | 1,110 | $154,267.57 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 3,300,000 | $3,978,216.20 | |
| 497864AA6 | KISSNER GR HLDG 8.37500 12/01/2022 | CA | 260,000 | $265,200.00 | |
| 500769GZ1 | KFW 1.50000 06/15/2021 | DE | 5,400,000 | $5,211,054.00 | |
| 50212YAB0 | LPL HOLDINGS INC 5.75000 09/15/2025 | US | 195,000 | $192,504.00 | |
| 505742AD8 | LADDER CAP FIN LLLP/CORP 5.87500 08/01/2021 | US | 245,000 | $249,277.70 | |
| 5107401 | BEIERSDORF AG | DE | BEI GR | 875 | $99,161.76 |
| 512816109 | LAMAR ADVERTISING CO | US | LAMR | 1,155 | $73,527.30 |
| 5129074 | FRESENIUS MEDICAL | DE | FME GR | 1,375 | $140,432.68 |
| 515110BU7 | LANDWIRTSCH. RENTENBANK 2.37500 02/21/2020 | DE | 2,500,000 | $2,497,175.00 | |
| 517942108 | LASALLE HOTEL PROPERTIES | US | LHO | 2,100 | $60,921.00 |
| 5228658 | RANDSTAD HOLDING NV | NL | RAND NA | 2,780 | $183,091.04 |
| 5263574 | FLSMIDTH & CO A/S | DK | FLS DC | 890 | $57,543.35 |
| 5289837 | ERSTE GROUP BANK AG | AT | EBS AV | 2,240 | $112,612.39 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 555 | $46,353.60 |
| 5330047 | DASSAULT SYSTEMES SA | FR | DSY FP | 1,070 | $145,513.13 |
| 539439AM1 | LLOYDS BANKING GROUP PLC 4.58200 12/10/2025 | GB | 2,260,000 | $2,259,884.47 | |
| 54150E104 | LOMA NEGRA CIA IND-SPON ADR | AR | LOMA | 3,995 | $85,173.40 |
| 5458314 | AKZO NOBEL | NL | AKZA NA | 2,025 | $191,328.13 |
| 550021109 | LULULEMON - ADR | CA | LULU | 40,480 | $3,607,577.60 |
| 554382101 | THE MACERICH CO | US | MAC | 1,070 | $59,941.40 |
| 5545670 | JUNGHEINRICH AG | DE | JUN3 GR | 4,555 | $201,881.42 |
| 559222AR5 | MAGNA INTERNATIONAL INC 4.15000 10/01/2025 | CA | 1,680,000 | $1,730,627.57 | |
| 55933JAB0 | MAGNACHIP SEMICONDUCTOR 6.62500 07/15/2021 | US | 275,000 | $264,687.50 | |
| 5633616 | SOPRA STERIA GROUP | FR | SOP FP | 1,165 | $237,786.20 |
| 5669354 | REPSOL SA | ES | REP SM | 9,225 | $163,980.48 |
| 5699373 | WIENERBERGER AG | AT | WIE AV | 5,115 | $127,901.73 |
| 5713422 | METSO OYJ | FI | METSO FH | 4,350 | $137,244.76 |
| 5727973 | SIEMENS AG-REG | DE | SIE GR | 2,460 | $313,889.72 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 25,880 | $4,533,140.80 |
| 5852842 | ACCOR SA | FR | AC FP | 1,905 | $102,917.46 |
| 58933Y105 | MERCK & CO INC | US | MRK | 35,560 | $1,936,953.20 |
| 59001ABA9 | MERITAGE HOMES CORP 5.12500 06/06/2027 | US | 175,000 | $165,375.00 | |
| 594918104 | MICROSOFT CORP | US | MSFT | 53,740 | $4,904,849.80 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 1,955 | $178,374.20 |
| 6174467X1 | MORGAN STANLEY 5.00000 11/24/2025 | US | 1,630,000 | $1,704,509.94 | |
| 61744YAG3 | MORGAN STANLEY FLT 3.01070 05/08/2024 | US | 3,880,000 | $3,942,235.20 | |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 330,000 | $329,587.50 | |
| 6250724 | DAIKIN INDUSTRIES LTD | JP | 6367 JP | 1,100 | $122,202.46 |
| 6291819 | CHINA PETROLEUM & CHEMICAL - H | CN | 386 HK | 148,000 | $131,288.29 |
| 62944TAE5 | NVR INC 3.95000 09/15/2022 | US | 1,880,000 | $1,917,802.34 | |
| 6356934 | FANUC LTD | JP | 6954 JP | 835 | $214,889.89 |
| 637417106 | NATIONAL RETAIL PROPERTIES | US | NNN | 1,665 | $65,367.90 |
| 64110W102 | NETEASE.COM INC- ADR | CN | NTES | 280 | $78,509.20 |
| 6429104 | HITACHI LTD FIRST SECTION | JP | 6501 JP | 30,400 | $221,421.66 |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 752,718.19 | $759,741.43 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 956,230.05 | $965,748.65 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 1,695,333.36 | $1,711,039.78 | |
| 6490995 | KEYENCE CORP | JP | 6861 JP | 680 | $424,767.52 |
| 6630940 | CHINA EVERBRIGHT INTL LTD | HK | 257 HK | 124,000 | $175,085.32 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 425,000 | $433,500.00 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 61,355 | $4,960,551.75 |
| 67087MAA4 | OBP DEPOSITOR LLC TRUST 4.64620 07/15/2045 | US | 100,000 | $103,177.76 | |
| 683235AA3 | ONTARIO (PROVINCE OF) 2.00000 09/27/2018 | CA | 1,300,000 | $1,298,816.58 | |
| 68323ADY7 | ONTARIO (PROVINCE OF) 1.25000 06/17/2019 | CA | 1,300,000 | $1,282,268.00 | |
| 6865504 | SUZUKI MOTOR CORP | JP | 7269 JP | 2,300 | $124,874.71 |
| 69007J106 | OUTFRONT MEDIA INC | US | OUT | 3,269 | $61,261.06 |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 250,000 | $255,625.00 | |
| 697660207 | PAMPA ENERGIA SA | AR | PAM | 1,380 | $82,248.00 |
| 70014LAC4 | PARK AEROSPACE HOLDINGS 4.50000 03/15/2023 | KY | 205,000 | $194,237.50 | |
| 7110902 | TECAN GROUP AG-REG | CH | TECN SW | 435 | $92,125.10 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 2,259 | $178,554.81 |
| 713448CX4 | PEPSICO INC 3.10000 07/17/2022 | US | 1,160,000 | $1,166,392.38 | |
| 7147892 | TEMENOS GROUP AG-REG | CH | TEMN SW | 640 | $76,741.96 |
| 71654QCJ9 | PETROLEOS MEXICANOS 6.35000 02/12/2048 | MX | 4,100,000 | $3,961,625.00 | |
| 71943U104 | PHYSICIANS REALTY TRUST | US | DOC | 9,255 | $144,100.35 |
| 7262610 | CREDIT AGRICOLE SA | FR | ACA FP | 9,765 | $159,218.61 |
| 729640102 | PLYMOUTH INDUSTRIAL REIT INC | US | 980 | $16,836.40 | |
| 733174AJ5 | POPULAR INC 7.00000 07/01/2019 | US | 280,000 | $285,600.00 | |
| 7339451 | ORPEA SA | FR | ORP FP | 1,075 | $136,512.29 |
| 7380062 | AAREAL BANK AG | DE | ARL GR | 3,645 | $173,888.89 |
| 7380482 | COMPAGNIE DE SAINT-GOBAIN | FR | SGO FP | 4,850 | $256,104.64 |
| 741503AZ9 | PRICELINE GROUP INC/THE 3.60000 06/01/2026 | US | 4,060,000 | $3,988,567.10 | |
| 74340W103 | PROLOGIS | US | PLD | 6,300 | $396,837.00 |
| 744320AL6 | PRUDENTIAL FINANCIAL INC 5.87500 09/15/2042 | US | 2,480,000 | $2,610,200.00 | |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 1,115 | $223,434.85 |
| 74736K101 | QORVO INC | US | QRVO | 99,270 | $6,993,571.50 |
| 7520794 | BANQUE CANTONALE VAUDOIS-REG | CH | BCVN SW | 130 | $105,227.84 |
| 758849103 | REGENCY CENTERS CORP | US | REG | 1,562 | $92,126.76 |
| 75886F107 | REGENERON PHARMACEUTICALS INC | US | REGN | 15,190 | $5,230,828.40 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 1,605 | $46,207.95 |
| 77340RAK3 | ROCKIES EXPRESS PIPELINE 5.62500 04/15/2020 | US | 335,000 | $346,728.35 | |
| 7759435 | ILIAD SA | FR | ILD FP | 630 | $130,425.49 |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 2,610 | $171,033.30 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 458 | $56,265.30 |
| 78408XAD3 | SCGT 2013-SRP1 AJ FLT 3.97660 11/15/2026 | US | 2,700,000 | $2,693,435.76 | |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 6,300 | $1,076,796.00 |
| 78442FET1 | SLM CORP 6.12500 03/25/2024 | US | 175,000 | $174,343.75 | |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 225,000 | $227,250.00 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 1,060,000 | $1,158,579.77 | |
| 80282KAS5 | SANTANDER HOLDINGS USA 3.40000 01/18/2023 | US | 2,700,000 | $2,637,373.39 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 65,070 | $4,215,234.60 |
| 808513105 | CHARLES SCHWAB CORP/THE | US | SCHW | 36,045 | $1,882,269.90 |
| 81211K100 | SEALED AIR CORP | US | SEE | 50,420 | $2,157,471.80 |
| 812578102 | SEATTLE GENETICS INC | US | SGEN | 75,040 | $3,927,593.60 |
| 81663AAD7 | SEMGROUP CORP 6.37500 03/15/2025 | US | 285,000 | $272,175.00 | |
| 81745CAB9 | SEMT 2013-7 A2 3.00000 06/25/2043 | US | 590,140.39 | $572,986.78 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 824,207.4 | $800,076.26 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 639,237.35 | $584,303.21 | |
| 81762P102 | SERVICENOW INC | US | NOW | 24,105 | $3,988,172.25 |
| 81783QAC9 | SEVEN GENERATIONS ENERGY 5.37500 09/30/2025 | CA | 170,000 | $162,350.00 | |
| 822538AE4 | SHELF DRILL HOLD LTD 8.25000 02/15/2025 | KY | 140,000 | $140,350.00 | |
| 828806109 | SIMON PROPERTY GROUP INC | US | SPG | 2,895 | $446,843.25 |
| 82967NAY4 | SIRIUS XM RADIO INC 3.87500 08/01/2022 | US | 140,000 | $134,120.00 | |
| 83088M102 | SKYWORKS SOLUTIONS INC | US | SWKS | 36,090 | $3,618,383.40 |
| 83401BAA4 | SOFI 2017-F A1FX 2.05000 01/25/2041 | US | 362,704.91 | $359,881.80 | |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 225,000 | $221,318.17 | |
| 83404YAA1 | SCLP 2016-5 A 3.06000 09/25/2028 | US | 444,596.18 | $443,900.25 | |
| 83406EAB1 | SOFI 2018-A A2A 2.39000 02/25/2042 | US | 753,726.22 | $750,216.95 | |
| 834423AA3 | SOLVAY FINANCE (AMERICA) 3.40000 12/03/2020 | US | 1,160,000 | $1,165,964.33 | |
| 845467AL3 | SOUTHWESTERN ENERGY CO 6.70000 01/23/2025 | US | 220,000 | $213,510.00 | |
| 852061AK6 | SPRINT COMMUNICATIONS 9.00000 11/15/2018 | US | 75,000 | $77,343.75 | |
| 852061AR1 | SPRINT COMMUNICATIONS 7.00000 08/15/2020 | US | 75,000 | $78,000.00 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 4,980 | $119,121.60 |
| 85571BAJ4 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 135,000 | $131,625.00 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 2.99660 11/15/2027 | US | 1,574,452 | $1,576,021.10 | |
| 862121100 | STORE CAPITAL CORP | US | STOR | 3,340 | $82,898.80 |
| 866674104 | SUN COMMUNITIES | US | SUI | 1,745 | $159,440.65 |
| 867892101 | SUNSTONE HOTEL INVESTORS INC | US | SHO | 5,480 | $83,405.60 |
| 87243QAB2 | TENET HEALTHCARE CORP 6.00000 10/01/2020 | US | 80,000 | $82,700.00 | |
| 87470LAA9 | TALLGRASS NRG PRTNR/FIN 5.50000 09/15/2024 | US | 200,000 | $203,500.00 | |
| 876664103 | TAUBMAN CTRS INC | US | TCO | 550 | $31,300.50 |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 584,179.94 | $581,124.68 | |
| 87854WAA1 | TECHNIPLAS LLC 10.00000 05/01/2020 | US | 170,000 | $144,500.00 | |
| 88032WAG1 | TENCENT HOLDINGS LTD 3.59500 01/19/2028 | KY | 2,750,000 | $2,648,743.63 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 1,320 | $45,553.20 |
| 88161DAA9 | TESLA 2018-A A 2.32000 12/20/2019 | US | 1,001,114.97 | $999,129.66 | |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 18,560 | $1,928,198.40 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 2,406,676.66 | $2,371,993.08 | |
| 893870204 | TRANSPORTADOR GAS SUR-SP ADR | AR | TGS | 4,005 | $81,461.70 |
| 89613BAA5 | TAH 2013-SFR1 A 2.58900 11/17/2033 | US | 1,998,394.74 | $1,957,423.65 | |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 915,000 | $894,700.82 | |
| 896356AE2 | TRINIDAD DRILLING LTD 6.62500 02/15/2025 | CA | 270,000 | $251,775.00 | |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 255,000 | $262,650.00 | |
| 902653104 | UDR INC | US | UDR | 4,965 | $176,853.30 |
| 903002103 | UMH PROPERTIES INC | US | UMH | 4,595 | $61,618.95 |
| 90320MAA3 | UPCB FINANCE IV LTD 5.37500 01/15/2025 | KY | 450,000 | $434,250.00 | |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 66,413 | $3,689,906.28 |
| 912810FM5 | UNITED STATES TREAS BOND 6.25000 05/15/2030 | US | 3,558,000 | $4,828,039.20 | |
| 912810PT9 | UNITED STATES TREAS BOND 4.75000 02/15/2037 | US | 5,684,000 | $7,275,520.00 | |
| 912810QV3 | UNITED STATES TREAS INFL INDEX 0.75000 02/15/2042 | US | 2,526,275.85 | $2,460,171.90 | |
| 912810RK6 | US TREASURY N/B 2.50000 02/15/2045 | US | 3,977,000 | $3,631,342.78 | |
| 912810RX8 | US TREASURY N/B 3.00000 05/15/2047 | US | 10,550,000 | $10,601,513.65 | |
| 9128283W8 | US TREASURY N/B 2.75000 02/15/2028 | US | 5,300,000 | $5,302,691.39 | |
| 912828D23 | US TREASURY N/B 1.62500 04/30/2019 | US | 15,700,000 | $15,611,074.26 | |
| 912828K58 | UNITED STATES TREAS NTS 1.37500 04/30/2020 | US | 16,080,000 | $15,771,590.58 | |
| 912828R36 | US TREASURY N/B 1.62500 05/15/2026 | US | 5,326,000 | $4,898,879.78 | |
| 912828RT9 | US TREASURY N/B 1.37500 11/30/2018 | US | 4,400,000 | $4,381,093.73 | |
| 912828UH1 | UNITED STATES TREAS INFL INDEX 0.12500 01/15/2023 | US | 2,494,637.7 | $2,453,100.64 | |
| 912828X88 | US TREASURY N/B 2.37500 05/15/2027 | US | 10,206,000 | $9,901,813.33 | |
| 912828XQ8 | US TREASURY N/B 2.00000 07/31/2022 | US | 10,414,000 | $10,191,482.08 | |
| 91704F104 | URBAN EDGE PROPERTIES | US | UE | 7,015 | $149,770.25 |
| 92276F100 | VENTAS INC | US | VTR | 1,435 | $71,075.55 |
| 92339V100 | VEREIT INC | US | VER | 10,200 | $70,992.00 |
| 92343VDV3 | VERIZON COMMUNICATIONS 5.50000 03/16/2047 | US | 3,680,000 | $4,077,914.32 | |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 8,770 | $1,429,334.60 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 34,480 | $4,124,497.60 |
| 92903PAC3 | VNO 2010 - VNO A2FX 4.00350 09/13/2028 | US | 275,000 | $282,597.40 | |
| 929042109 | VORNADO REALTY TRUST | US | VNO | 2,340 | $157,482.00 |
| 948565AC0 | WEEKLEY HOMES LLC/ FINAN 6.00000 02/01/2023 | US | 225,000 | $223,875.00 | |
| 94856TAA2 | WEEKLEY HOMES LLC/ FINAN 6.62500 08/15/2025 | US | 250,000 | $246,875.00 | |
| 95040Q104 | WELLTOWER INC. | US | WELL | 1,855 | $100,967.65 |
| 962166104 | WEYERHAEUSER CO | US | WY | 74,504 | $2,607,640.00 |
| 962178AL3 | TRI POINTE HOLDINGS INC 4.37500 06/15/2019 | US | 165,000 | $165,412.50 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 140,000 | $142,058.00 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 1,750,000 | $1,673,064.87 | |
| 97651JAE6 | WINWATER MORTGAGE LOAN TRUST 3.50000 03/20/2045 | US | 829,443.77 | $833,201.98 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 930,722.26 | $922,346.78 | |
| 98416JAE0 | XERIUM TECHNOLOGIES INC 9.50000 08/15/2021 | US | 165,000 | $169,950.00 | |
| 984245100 | YPF S.A.-SPONSORED ADR | AR | YPF | 3,710 | $80,210.20 |
| 98919V105 | ZAYO GROUP HOLDINGS INC | US | ZAYO | 83,140 | $2,840,062.40 |
| AN7903213 | SONGA BULK ASA 6.58875 06/13/2022 | NO | 200,000 | $199,588.00 | |
| AP0787667 | MPC CONTAINER SHIPS FLT 6.99814 09/22/2022 | NL | 200,000 | $201,616.00 | |
| AP8694550 | BOREALIS FINANCE LLC 7.50000 11/16/2022 | MH | 200,000 | $199,500.00 | |
| B037HR3 | ITAU UNIBANCO HOLDINGS S-PREF | BR | ITUB4 BZ | 8,600 | $134,517.86 |
| B037JC2 | NEXITY | FR | NXI FP | 2,650 | $169,721.04 |
| B0386J1 | JYSKE BANK-REG | DK | JYSK DC | 1,690 | $100,477.95 |
| B06JSP1 | SYDBANK A/S | DK | SYDB DC | 2,420 | $89,392.95 |
| B0CGYD6 | LOJAS RENNER S.A. | BR | LREN3 BZ | 8,495 | $87,871.77 |
| B11ZRK9 | LEGRAND SA | FR | LR FP | 1,900 | $149,075.48 |
| B138HB7 | KAUFMAN & BROAD SA | FR | KOF FP | 2,665 | $140,245.30 |
| B13X013 | EIFFAGE | FR | FGR FP | 1,555 | $177,101.09 |
| B15C557 | TOTAL SA | FR | FP FP | 2,965 | $169,953.04 |
| B1FRH89 | M DIAS BRANCO SA | BR | MDIA3 BZ | 7,600 | $117,402.96 |
| B1FW751 | GALP ENERGIA SGPS SA | PT | GALP PL | 9,195 | $173,405.96 |
| B1HDJL2 | NATIXIS | FR | KN FP | 19,530 | $160,249.74 |
| B1HKSV6 | BANCA GENERALI SPA | IT | BGN IM | 4,255 | $137,282.04 |
| B1KFX13 | GRUPO AEROPORTUARIO DEL CENT | MX | OMAB MM | 8,800 | $42,910.89 |
| B1NXMK6 | IGUATEMI EMP DE SHOPPING | BR | IGTA3 BZ | 9,550 | $113,392.60 |
| B1WGG93 | GEBERIT AG-REG | CH | GEBN SW | 290 | $128,244.48 |
| B1XFTL2 | HEXAGON AB-B SHS | SE | HEXAB SS | 2,160 | $128,928.19 |
| B1XH026 | VINCI SA | FR | DG FP | 3,710 | $365,417.21 |
| B1Y9TB3 | DANONE | FR | BN FP | 1,690 | $137,029.20 |
| B1YVKN8 | ANTA SPORTS PRODUCTS LTD | CN | 2020 HK | 36,000 | $183,773.13 |
| B1YY4B3 | UNIBAIL-RODAMCO SE | FR | UL NA | 905 | $206,723.57 |
| B232R05 | SK INNOVATION CO LTD | KR | 096770 KS | 585 | $116,273.83 |
| B283W97 | CAIXABANK S.A | ES | CABK SM | 39,265 | $187,202.32 |
| B2B0DG9 | RELX PLC | GB | REL LN | 5,430 | $111,541.93 |
| B2QY968 | HYPERMARCAS SA | BR | HYPE3 BZ | 11,800 | $128,849.44 |
| B3FP8W8 | CANADA HOUSING TRUST 4.10000 12/15/2018 | CA | 300,000 | $236,940.27 | |
| B3NB1P2 | SUNCOR ENERGY INC | CA | SU CN | 3,065 | $105,842.24 |
| B3ZD2V9 | MEX BONOS DESARR FIX RT 6.50000 06/10/2021 | MX | 2,850,000 | $153,533.17 | |
| B4888C1 | CANADIAN GOVERNMENT FLT 2.75000 06/01/2022 | CA | 360,000 | $288,366.05 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 4,000,000 | $214,308.03 | |
| B4Q2TX3 | CHINA LONGYUAN POWER GROUP-H | CN | 916 HK | 253,000 | $195,387.25 |
| B4R2R50 | JULIUS BAER | CH | BAER SW | 1,995 | $122,775.28 |
| B4WTBY3 | HUANENG RENEWABLES CORP-H | CN | 958 HK | 534,000 | $201,068.52 |
| B4X4D29 | FLEURY SA | BR | FLRY3 BZ | 14,930 | $123,095.79 |
| B4YN9R2 | SINGAPORE GOVERNMENT 2.50000 06/01/2019 | SG | 660,000 | $507,527.74 | |
| B4YVF56 | BRENNTAG AG | DE | BNR GR | 1,826 | $108,705.79 |
| B5W0S97 | ROYAL BANK OF CANADA 3.77000 03/30/2018 | CA | 345,000 | $267,843.29 | |
| B615Y14 | MEX BONOS DESARR FIX RT 8.00000 06/11/2020 | MX | 5,300,000 | $296,144.06 | |
| B61JC67 | TREASURY WINE ESTATES LTD | AU | TWE AU | 9,380 | $122,551.87 |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 10,000 | $169,536.87 |
| B6TC406 | MEX BONOS DESARR FIX RT 7.75000 05/29/2031 | MX | 1,000,000 | $56,284.38 | |
| B7FQV64 | RAIA DROGASIL S.A. | BR | RADL3 BZ | 5,275 | $119,402.31 |
| B7VQL46 | FNAC DARTY SA | FR | FNAC FP | 725 | $77,588.11 |
| BB22L96 | KION GROUP AG | DE | KGX GR | 2,485 | $232,001.54 |
| BBG00HGG4WB2 | BABA US 04/20/18 P175 | CN | -56 | -$16,520.00 | |
| BBG00HH5X1Q5 | MA US 04/20/18 P160 | US | -61 | -$4,453.00 | |
| BBG00HJYYS71 | REGN US 04/20/18 C360 | US | -27 | -$13,230.00 | |
| BBG00K1PWX55 | LULU US 03/29/18 C90 | CA | -110 | -$330.00 | |
| BBG00K4117D7 | QRVO US 04/20/18 P67.5 | US | -145 | -$19,575.00 | |
| BBG00K4BM7W1 | UL US 04/20/18 P47.5 | GB | -206 | -$1,030.00 | |
| BBG00K5JF822 | MDT US 04/06/18 P77.5 | IE | -128 | -$2,560.00 | |
| BBG00K996BS5 | AMZN US 04/27/18 P1350 | US | -7 | -$25,200.00 | |
| BBG00KCSQKF1 | SCHW US 04/20/18 P50.5 | US | -196 | -$19,600.00 | |
| BDZZRC1 | BOLSAS Y MERCADOS ARGENTINOS | AR | 5,190 | $102,598.72 | |
| BF955D8 | TELENET FINANCE LUX NOTE 5.50000 03/01/2028 | LU | 200,000 | $191,250.00 | |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 45,795 | $81,367.25 |
| BGSH2S6 | CVC BRASIL OPERADORA E AGENCIA | BR | CVCB3 BZ | 5,300 | $97,332.69 |
| BH4TZ73 | FU SHOU YUAN INTERNATIONAL | CN | 1448 HK | 123,000 | $122,445.74 |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 49,116 | $2,636,525.75 |
| BNBNSG0 | EURONEXT NV | NL | ENX FP | 3,265 | $239,321.27 |
| BNGN9Z1 | FINECOBANK SPA | IT | FBK IM | 21,925 | $263,895.68 |
| BP269Z8 | AXIA REAL ESTATE SOCIMI SA | ES | AXIA SM | 1,915 | $38,966.90 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 87,095 | $2,738,152.20 |
| BVRZ8L1 | AENA SA | ES | AENA SM | 1,540 | $310,531.30 |
| BVSS790 | ELIS SA | FR | ELIS FP | 3,320 | $82,206.17 |
| BYXS699 | QIAGEN N.V. | NL | QIA GR | 3,460 | $111,856.20 |
| BYY8LS2 | MAISONS DU MONDE SA | FR | MDM FP | 1,990 | $72,680.65 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 53,877 | $5,923,608.33 |
| BYZ43T4 | EUROBANK ERGASIAS SA | GR | EUROB GA | 129,100 | $122,759.29 |
| BYZFYS3 | SPIE SA | FR | SPIE FP | 7,050 | $155,991.16 |
| BYZFZ91 | SOPHOS GROUP PLC | GB | SOPH LN | 20,060 | $122,193.50 |
| BYZR014 | AMUNDI SA | FR | AMUN FP | 2,515 | $201,972.98 |
| BYZWX76 | CRODA INTERNATIONAL PLC | GB | CRDA LN | 2,880 | $185,014.70 |
| BZ3C3Q4 | BANKIA SA | ES | BKIA SM | 21,266 | $95,398.44 |
| BZCNN35 | BANCO COMERCIAL PORTUGUES-R | PT | BCP PL | 234,965 | $78,788.49 |
| G02602103 | AMDOCS LTD | GG | DOX | 3,135 | $209,167.20 |
| G06242104 | ATLASSIAN CORP PLC-CLASS A | AU | TEAM | 1,198 | $64,596.16 |
| G3157S106 | ENSCO INTERNATIONAL INC | US | ESV | 118,635 | $520,807.65 |
| G37585AC3 | GASLOG LTD 8.87500 03/22/2022 | BM | 205,000 | $212,687.50 | |
| G45667105 | HOLLYSYS AUTOMATION TECHNOLOGIES | CN | HOLI | 4,105 | $101,475.60 |
| G57279104 | LUXOFT HOLDING INC | CH | LXFT | 675 | $27,641.25 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 62,640 | $5,024,980.80 |
| G68707101 | PAGSEGURO DIGITAL LTD-CL A | BR | PAGS | 2,145 | $82,196.40 |
| G97822103 | PERRIGO CO PLC | IE | PRGO | 2,120 | $176,680.80 |
| H8817H100 | TRANSOCEAN LTD | US | RIG | 180,995 | $1,791,850.50 |
| N47279109 | INTERXION HOLDING NX | NL | INXN | 3,705 | $230,117.55 |
| N72482123 | QIAGEN N.V. ADR | NL | QGEN | 2,725 | $88,044.75 |
| USD | US DOLLAR | US | 6,730,855.8 | $6,730,855.80 |
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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