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Pro-Blend® Maximum Term Series
Pro-Blend® Maximum Term Series
Investment Objective
To provide long-term capital growth.
Investment Strategy
The portfolio is invested in an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. Holdings are diversified primarily among various stock investments in both domestic and foreign markets; only a minor portion of the fund is invested in fixed income securities.
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 long-term capital growth and generally have the time to withstand market volatility
- Who have a very high capital risk tolerance
About 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
$26.01
Daily $ Change
$0.23
Daily % Change
0.88%
as of 01/20/2021
Ticker
EXHAX
CUSIP
563821594
Inception Date
11/01/1995
Investment Minimum
$2,000.00
Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.
Important Documents
| Summary Prospectus | |
| Prospectus | |
| Statement of Additional Information | |
| Annual Report | |
| Semi-Annual Report | |
| Fact Sheet | |
| Applications & Forms |
Performance
As of 12/31/2020
YTD
---
1 Year
22.07%
3 Year
13.42%
5 Year
13.63%
10 Year
9.94%
Inception
(11/01/1995)
9.62%
Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.
Expense Ratio
| Gross | 1.11% |
| Net | 1.10%* |
*Includes a 12b-1 fee of 0.50%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund's Board of Directors.
Top Ten Investments
As of 12/31/2020
| TREASURY NOTES | 3.96% |
| PAYPAL HOLDINGS INC | 2.37% |
| SERVICENOW INC | 2.30% |
| EXPEDIA INC | 2.30% |
| MICROSOFT CORP | 2.27% |
| MASTERCARD INC-CLASS A | 2.00% |
| MONDELEZ INTERNATIONAL INC | 1.97% |
| JOHNSON & JOHNSON | 1.88% |
| COCA COLA CO/THE | 1.88% |
| AMAZON.COM INC | 1.76% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 12/31/2020
| Stocks | 90.16% |
| Bonds | 7.80% |
| Cash | 2.04% |
Detailed Asset Class Allocation
As of 12/31/2020
| International Equities | 24.56% |
| Small Capitalization | 3.30% |
| Mid Capitalization | 12.11% |
| Large Capitalization | 50.19% |
| Long Term Fixed Income | 1.22% |
| Intermediate Term Fixed Income | 5.58% |
| Short Term Fixed Income | 1.00% |
| Cash | 2.04% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
December Fund Holdings
As of 12/31/2020
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 200,000 | $233,946.64 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 2,219 | $237,765.85 |
| 00435F309 | ACCOR SA-SPONSORED ADR | FR | ACCYY | 321,745 | $2,316,564.00 |
| 00507V109 | ACTIVISION INC | US | ATVI | 38,376 | $3,563,211.60 |
| 00653VAA9 | ADAPTHEALTH LLC 6.12500 08/01/2028 | US | 65,000 | $69,793.75 | |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 380,000 | $423,273.31 | |
| 00791GAA5 | AG MERGER SUB II INC 10.75000 08/01/2027 | US | 71,000 | $78,455.00 | |
| 00842XAA7 | AFFINITY GAMING 6.87500 12/15/2027 | US | 45,000 | $47,150.55 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 2,614 | $174,040.12 |
| 00912XAV6 | AIR LEASE CORP 3.62500 04/01/2027 | US | 370,000 | $396,526.06 | |
| 00914AAB8 | AIR LEASE CORP 3.75000 06/01/2026 | US | 80,000 | $87,998.18 | |
| 01166WAA5 | ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 82,000 | $89,072.68 | |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 18,560 | $4,319,468.80 |
| 01609WAT9 | ALIBABA GROUP HOLDING 3.40000 12/06/2027 | KY | 510,000 | $570,945.69 | |
| 020002101 | ALLSTATE CORPORATION | US | ALL | 639 | $70,245.27 |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 700 | $1,226,316.00 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 4,424 | $7,753,679.36 |
| 023135106 | AMAZON.COM INC | US | AMZN | 2,600 | $8,468,018.00 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 105,779 | $4,185,544.17 |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 3,137 | $134,169.49 |
| 025816109 | AMERICAN EXPRESS CO | US | AXP | 32,150 | $3,887,256.50 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 8,208 | $246,240.00 |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 21,442 | $4,812,871.32 |
| 03027XAW0 | AMERICAN TOWER CORP 3.80000 08/15/2029 | US | 571,000 | $663,866.09 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 7,143 | $266,648.19 |
| 032654105 | ANALOG DEVICES INC | US | ADI | 597 | $88,194.81 |
| 03690AAD8 | ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 | US | 77,000 | $75,652.50 | |
| 03690AAF3 | ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 | US | 49,000 | $47,049.80 | |
| 03690EAA6 | ANTERO MIDSTREAM PART/FI 7.87500 05/15/2026 | US | 20,000 | $20,651.60 | |
| 03750L109 | APARTMENT INCOME REIT CO | US | AIRC | 2,809 | $107,893.69 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 10,642 | $137,388.22 |
| 039483102 | ARCHER-DANIELS-MIDLAND CO | US | ADM | 1,285 | $64,776.85 |
| 04364VAR4 | ASCENT RESOURCES 8.25000 12/31/2028 | US | 45,000 | $44,887.50 | |
| 045054AJ2 | ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 230,000 | $244,292.20 | |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 556 | $97,967.20 |
| 053332102 | AUTOZONE INC | US | AZO | 3,169 | $3,756,659.36 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 838 | $134,440.34 |
| 05401AAJ0 | AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 | KY | 257,000 | $262,221.79 | |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 49,423 | $1,014,159.96 |
| 05722G100 | BAKER HUGHES CO | US | BKR | 2,777 | $57,900.45 |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 8,725 | $264,454.75 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 320,000 | $359,578.08 | |
| 071734AH0 | BAUSCH HEALTH COS INC 5.00000 01/30/2028 | CA | 73,000 | $75,229.42 | |
| 084423102 | WR BERKLEY CORP | US | WRB | 53,177 | $3,532,016.34 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 10,702 | $2,481,472.74 |
| 086516101 | BEST BUY INC | US | BBY | 730 | $72,846.70 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 43,040 | $3,774,177.60 |
| 09247X101 | BLACKROCK INC | US | BLK | 9,169 | $6,615,800.26 |
| 0963318 | DECHRA PHARMACEUTICALS PLC | GB | DPH LN | 4,870 | $229,361.00 |
| 101137107 | BOSTON SCIENTIFIC CORP | US | BSX | 52,679 | $1,893,810.05 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 6,944 | $82,703.04 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 3,008 | $186,586.24 |
| 116ESCAD6 | BRUIN E&P PARTNERS LLC 0.00000 08/01/2023 | US | 234,000 | $23.40 | |
| 12467AAF5 | C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 | US | 75,000 | $74,781.00 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 23,659 | $2,203,126.08 |
| 12510GAB8 | CCG 2019-1 A2 2.80000 09/14/2026 | US | 11,362.35 | $11,537.77 | |
| 12514G108 | CDW CORP/DE | US | CDW | 32,315 | $4,258,793.85 |
| 12541W209 | C.H. ROBINSON WORLDWIDE INC | US | CHRW | 461 | $43,274.07 |
| 12555DAA3 | CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 2,826.86 | $2,905.95 | |
| 12572Q105 | CME GROUP INC | US | CME | 12,503 | $2,276,171.15 |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 4,598.57 | $4,681.14 | |
| 12648TAA7 | CSMC 2014-IVR3 A1 3.50000 07/25/2044 | US | 7,973.58 | $8,170.25 | |
| 12654TAA8 | CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 | US | 53,000 | $53,927.50 | |
| 127097103 | CABOT OIL & GAS CORP | US | COG | 412,237 | $6,711,218.36 |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 1,704 | $170,263.68 |
| 133131AZ5 | CAMDEN PROPERTY TRUST 2.80000 05/15/2030 | US | 17,000 | $18,879.50 | |
| 13321L108 | CAMECO CORP | CA | CCJ | 240,108 | $3,217,447.20 |
| 14174T107 | CARETRUST REIT INC | US | CTRE | 3,441 | $76,321.38 |
| 149123101 | CATERPILLAR INC | US | CAT | 969 | $176,377.38 |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 5,495.74 | $5,519.09 | |
| 16119P108 | CHARTER COMMUNICATIONS INC-A | US | CHTR | 10,780 | $7,131,509.00 |
| 172062101 | CINCINNATI FINANCIAL CORP | US | CINF | 332 | $29,006.84 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 5,379 | $240,710.25 |
| 172967424 | CITIGROUP INC | US | C | 2,701 | $166,543.66 |
| 172967KA8 | CITIGROUP INCA 4.45000 09/29/2027 | US | 375,000 | $443,301.82 | |
| 191216100 | COCA COLA CO/THE | US | KO | 164,687 | $9,031,435.08 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 1,610 | $137,671.10 |
| 20030N101 | COMCAST CORP-CL A | US | CMCSA | 4,328 | $226,787.20 |
| 20030NCY5 | COMCAST CORP 3.25000 11/01/2039 | US | 501,000 | $568,828.34 | |
| 20268CAA6 | CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 | US | 12,015.39 | $12,318.26 | |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 2,792 | $131,531.12 |
| 20449X401 | COMPASS GROUP PLC ADR | GB | CMPGY | 180,543 | $3,381,570.39 |
| 205887102 | CONAGRA BRAND INC. | US | CAG | 1,399 | $50,727.74 |
| 20605P101 | CONCHO RESOURCES INC | US | CXO | 71,905 | $4,195,656.75 |
| 20825C104 | CONOCOPHILLIPS | US | COP | 54,793 | $2,191,172.07 |
| 21036P108 | CONSTELLATION BRANDS INC-A | US | STZ | 10,831 | $2,372,530.55 |
| 21240E105 | CONTROLADORA VUELA CIA DE AV | MX | VLRS | 23,015 | $285,846.30 |
| 217204106 | COPART INC | US | CPRT | 18,745 | $2,385,301.25 |
| 222795502 | COUSINS PROPERTIES INC | US | CUZ | 7,573 | $253,695.50 |
| 22534GAA1 | CAALT 2020-1A 2.01000 02/15/2029 | US | 19,000 | $19,425.78 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 1,629 | $259,320.51 |
| 22822VAN1 | CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 582,000 | $641,325.56 | |
| 229663109 | CUBESMART | US | CUBE | 2,844 | $95,586.84 |
| 231021106 | CUMMINS INC | US | CMI | 379 | $86,070.90 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 2,593 | $361,749.43 |
| 254687106 | WALT DISNEY CO/THE | US | DIS | 19,491 | $3,531,379.38 |
| 256677105 | DOLLAR GENERAL CORP | US | DG | 21,025 | $4,421,557.50 |
| 256746108 | DOLLAR TREE STORES INC | US | DLTR | 57,130 | $6,172,325.20 |
| 25746UDG1 | DOMINION ENERGY 3.37500 04/01/2030 | US | 295,000 | $336,032.99 | |
| 25960P109 | DOUGLAS EMMETT INC | US | DEI | 4,089 | $119,317.02 |
| 260003108 | DOVER CORP | US | DOV | 311 | $39,263.75 |
| 262006208 | DREYFUS GVT CSH MANAGEMENT | US | 10,029,032.28 | $10,029,032.28 | |
| 26439XAC7 | DCP MIDSTREAM OPERATING 8.12500 08/16/2030 | US | 63,000 | $80,482.50 | |
| 264411505 | DUKE RLTY INVTS INC | US | DRE | 5,494 | $219,595.18 |
| 26875P101 | EOG RESOURCES INC | US | EOG | 68,605 | $3,421,331.35 |
| 26884L109 | EQT CORP | US | EQT | 199,925 | $2,541,046.75 |
| 26884LAG4 | EQT CORP 8.75000 02/01/2030 | US | 60,000 | $73,500.00 | |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 19,925 | $512,799.91 |
| 27579R104 | EAST WEST BANCORP INC | US | EWBC | 84,885 | $4,304,518.35 |
| 285512109 | ELECTRONIC ARTS | US | EA | 36,762 | $5,279,023.20 |
| 291011104 | EMERSON ELEC CO | US | EMR | 1,402 | $112,678.74 |
| 29273RAR0 | ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 542,000 | $661,232.28 | |
| 29275YAC6 | ENERSYS 4.37500 12/15/2027 | US | 10,000 | $10,575.00 | |
| 29444U700 | EQUINIX INC | US | EQIX | 5,481 | $3,914,420.58 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 3,891 | $246,533.76 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 418 | $99,241.56 |
| 30212P303 | EXPEDIA INC | US | EXPE | 83,492 | $11,054,340.80 |
| 30212PAS4 | EXPEDIA GROUP INC 6.25000 05/01/2025 | US | 196,000 | $227,183.72 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 613 | $71,022.18 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 68,775 | $2,834,905.50 |
| 302491303 | FMC CORP | US | FMC | 20,328 | $2,336,297.04 |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 58,000 | $55,317.50 | |
| 30287EAE0 | FREMF 2014-K41 B FLT 3.83296 11/25/2047 | US | 21,000 | $23,049.17 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 24,402 | $6,665,650.32 |
| 311900104 | FASTENAL CO | US | FAST | 1,557 | $76,028.31 |
| 3128M6NC8 | FHLM POOL G04587 5.50000 08/01/2038 | US | 5,382.98 | $6,330.29 | |
| 3128M6NS3 | FHLM POOL G04601 5.50000 07/01/2038 | US | 5,787.07 | $6,776.06 | |
| 3128P75X7 | FHLM POOL C91762 4.50000 05/01/2034 | US | 4,889.71 | $5,406.45 | |
| 3128P76G3 | FHLM POOL C91771 4.50000 06/01/2034 | US | 3,930.65 | $4,346.12 | |
| 3128P76R9 | FHLM POOL C91780 4.50000 07/01/2034 | US | 5,228.34 | $5,780.90 | |
| 3136AY6W8 | FNA 2017-M15 A1 FLT 2.95934 09/25/2027 | US | 15,780.9 | $17,098.31 | |
| 3137AME78 | FHMS K017 X1 FLT 1.28567 12/25/2021 | US | 232,138.68 | $1,591.80 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.64100 01/01/2049 | US | 15,780.2 | $18,497.77 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 63.48 | $63.72 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 80.99 | $81.43 | |
| 31417YJC2 | FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 4,450.21 | $4,979.43 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 6,514.66 | $7,201.51 | |
| 31418MGR7 | FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 | US | 6,133.08 | $7,277.20 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 3,828.15 | $4,500.39 | |
| 316773100 | FIFTH THIRD BANCORP | US | FITB | 1,793 | $49,433.01 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 3,922 | $165,233.86 |
| 34461LAA2 | FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 18,000 | $18,861.58 | |
| 345370CW8 | FORD MOTOR COMPANY 9.00000 04/22/2025 | US | 80,000 | $98,080.80 | |
| 346232AE1 | FORESTAR GROUP INC 5.00000 03/01/2028 | US | 44,000 | $45,430.00 | |
| 34960PAC5 | FORTRESS TRANS & INFRAST 9.75000 08/01/2027 | US | 44,000 | $50,435.00 | |
| 35166FAA0 | FOXTROT ESCROW ISSUER 12.25000 11/15/2026 | US | 53,000 | $60,420.00 | |
| 36257MAA3 | GSMS 2019-70P A 1.15900 10/15/2036 | US | 19,000 | $18,523.48 | |
| 369550108 | GENERAL DYNAMICS CORP | US | GD | 550 | $81,851.00 |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 405,000 | $376,751.25 | |
| 370334104 | GENERAL MLS INC | US | GIS | 1,421 | $83,554.80 |
| 372460105 | GENUINE PARTS CO | US | GPC | 457 | $45,896.51 |
| 37255LAA5 | GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 | US | 90,000 | $97,425.00 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 3,974 | $109,443.96 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 2,057 | $119,840.82 |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 15,454.93 | $16,218.32 | |
| 383909AF5 | WR GRACE & CO-CONN 5.62500 10/01/2024 | US | 45,000 | $48,543.75 | |
| 384802104 | WW GRAINGER INC | US | GWW | 113 | $46,142.42 |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 206,645 | $3,500,566.30 |
| 400501102 | GRUPO AEROPORTUARIO CEN-ADR | MX | OMAB | 29,533 | $1,526,265.44 |
| 400506101 | GRUPO AEROPORTUARIO PAC-ADR | MX | PAC | 11,672 | $1,298,976.88 |
| 40051E202 | GRUPO AEROPORTUARIO DEL SURESTE | MX | ASR | 10,203 | $1,682,780.79 |
| 4012250 | AIRBUS SE | FR | AIR FP | 2,020 | $221,683.30 |
| 4031976 | ADIDAS AG | DE | ADS GR | 7,070 | $2,572,101.08 |
| 404119BX6 | HCA INC 4.12500 06/15/2029 | US | 295,000 | $342,224.07 | |
| 416515104 | HARTFORD FINL SVCS | US | HIG | 900 | $44,082.00 |
| 418751AD5 | HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 | US | 53,000 | $54,987.50 | |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 4,336 | $128,345.60 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 5,486 | $151,084.44 |
| 42250P103 | HEALTHPEAK PROPERTIES INC | US | PEAK | 7,240 | $218,865.20 |
| 423012301 | HEINEKEN NV-SPN ADR | NL | HEINY | 68,760 | $3,839,558.40 |
| 427866108 | HERSHEY CO/THE | US | HSY | 495 | $75,403.35 |
| 42805E306 | HESKA CORP | US | HSKA | 13,410 | $1,953,166.50 |
| 431571AB4 | HILLENBRAND INC 5.00000 09/15/2026 | US | 46,000 | $51,577.50 | |
| 43300A203 | HILTON WORLDWIDE HOLDINGS INC | US | HLT | 21,733 | $2,418,013.58 |
| 437076102 | HOME DEPOT INC | US | HD | 1,291 | $342,915.42 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 1,119 | $238,011.30 |
| 440452100 | HORMEL FOODS CORP | US | HRL | 967 | $45,071.87 |
| 443201AA6 | HOWMET AEROSPACE INC 6.87500 05/01/2025 | US | 40,000 | $46,800.00 | |
| 443628AH5 | HUDBAY MINERALS INC 6.12500 04/01/2029 | CA | 45,000 | $48,487.50 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 48,000 | $52,980.00 | |
| 450913AF5 | IAMGOLD CORP 5.75000 10/15/2028 | CA | 60,000 | $60,900.00 | |
| 45168D104 | IDEXX LABORATORIES INC | US | IDXX | 7,400 | $3,699,038.00 |
| 452308109 | ILLINOIS TOOL WKS INC | US | ITW | 617 | $125,793.96 |
| 45337C102 | INCYTE CORP | US | INCY | 18,305 | $1,592,168.90 |
| 45569LAA9 | INDIGO NATURAL RES LLC 6.87500 02/15/2026 | US | 53,000 | $54,192.50 | |
| 45682RAA8 | INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 | AU | 71,000 | $71,798.75 | |
| 45778Q107 | INSPERITY INC | US | NSP | 46,921 | $3,820,307.82 |
| 458140100 | INTEL CORP | US | INTC | 5,006 | $249,398.92 |
| 45857P806 | INTERCONTINENTAL HOTELS-ADR | GB | IHG | 34,988 | $2,278,418.56 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 41,673 | $4,804,480.17 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 1,359 | $171,070.92 |
| 459506101 | INTERNATIONAL FLVRS & FRAGRANCES | US | IFF | 235 | $25,577.40 |
| 46116VAE5 | INTL FC STORE INC 8.62500 06/15/2025 | US | 100,000 | $108,750.00 | |
| 46120E602 | INTUITIVE SURGICAL INC | US | ISRG | 2,549 | $2,085,336.90 |
| 46187BAA1 | IHSFR 2017-SFR2 A 1.00300 12/17/2036 | US | 6,296.93 | $6,281.57 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 1.30300 12/17/2036 | US | 5,000 | $4,987.90 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 12,851 | $381,674.70 |
| 46284VAN1 | IRON MOUNTAIN INC 4.50000 02/15/2031 | US | 53,000 | $55,517.50 | |
| 465410BX5 | ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 9,000 | $9,464.06 | |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 2,836 | $360,370.52 |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 2,476.72 | $2,525.55 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 5,325.35 | $5,446.58 | |
| 46647PBP0 | JPMORGAN CHASE & CO 2.95600 05/13/2031 | US | 550,000 | $603,125.04 | |
| 46648HAC7 | JPMMT 2017-2 A3 3.50000 05/25/2047 | US | 16,518.87 | $16,870.55 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 57,646 | $9,072,327.48 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 203,000 | $1,986.15 | |
| 48088LAB3 | JOSEPH T RYERSON & SON 8.50000 08/01/2028 | US | 42,000 | $47,565.00 | |
| 482480100 | KLA-TENCOR CORPORATION | US | KLAC | 388 | $100,457.08 |
| 487526AB1 | KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 | US | 71,000 | $79,697.50 | |
| 49427F108 | KILROY REALTY CORP | US | KRC | 3,317 | $190,395.80 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 702 | $94,650.66 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 414,000 | $566,480.19 | |
| 501044101 | KROGER CO | US | KR | 2,000 | $63,520.00 |
| 50212YAC8 | LPL HOLDINGS INC 4.62500 11/15/2027 | US | 45,000 | $46,575.00 | |
| 505742AG1 | LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 | US | 85,000 | $84,787.50 | |
| 5107401 | BEIERSDORF AG | DE | BEI GR | 2,625 | $301,768.99 |
| 512816109 | LAMAR ADVERTISING CO-A | US | LAMR | 1,298 | $108,019.56 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 1,281 | $152,938.59 |
| 532457108 | ELI LILLY & CO | US | LLY | 936 | $158,034.24 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 451 | $160,095.98 |
| 541056AA5 | LOGAN MERGER SUB INC 5.50000 09/01/2027 | US | 38,000 | $39,805.00 | |
| 54240F202 | LONESTAR RES US INC NPV | US | 2,957 | $5,381.74 | |
| 550021109 | LULULEMON - ADR | CA | LULU | 13,789 | $4,798,985.67 |
| 552848AG8 | MGIC INVESTMENT CORP 5.25000 08/15/2028 | US | 76,000 | $81,320.00 | |
| 55303XAL9 | MGM GROWTH/MGM FINANCE 3.87500 02/15/2029 | US | 45,000 | $46,012.50 | |
| 56585A102 | MARATHON PETROLEUM CORP | US | MPC | 1,663 | $68,781.68 |
| 573284106 | MARTIN MARIETTA MATERIALS | US | MLM | 9,793 | $2,780,918.21 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 27,001 | $9,637,736.94 |
| 577128AA9 | MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 | US | 70,000 | $70,700.00 | |
| 5852842 | ACCOR SA | FR | AC FP | 3,025 | $109,749.41 |
| 58933Y105 | MERCK & CO INC | US | MRK | 3,198 | $261,596.40 |
| 594918104 | MICROSOFT CORP | US | MSFT | 49,067 | $10,913,482.14 |
| 595112103 | MICRON TECHNOLOGY INC | US | MU | 102,661 | $7,718,053.98 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 2,306 | $292,147.14 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 162,085 | $9,477,109.95 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 14,423 | $4,186,131.52 |
| 61965RAA3 | MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 | US | 76,000 | $57,760.00 | |
| 62913TAJ1 | NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 | US | 65,000 | $46,028.13 | |
| 6321954 | TRAVELSKY TECHNOLOGY LTD-H | CN | 696 HK | 141,000 | $340,643.70 |
| 63938CAH1 | NAVIENT CORP 6.75000 06/25/2025 | US | 63,000 | $68,512.50 | |
| 63938EAC8 | NAVSL 2014-1 A3 FLT 0.65800 06/25/2031 | US | 15,199.26 | $14,861.99 | |
| 63938NAF1 | NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 | MUL | 45,000 | $48,150.00 | |
| 63940YAA4 | NAVSL 2019-CA A1 2.82000 02/15/2068 | US | 1,514.12 | $1,517.68 | |
| 64032XAA3 | NSLT 2012-3A A MTGE FLT 0.84800 02/25/2045 | US | 15,814.48 | $15,615.51 | |
| 64033GAA9 | NSLT 2013-5A A MTGE FLT 0.77800 01/25/2037 | US | 15,615.9 | $15,436.75 | |
| 64033QAB5 | NSLT 2015-2A A2 0.74800 09/25/2047 | US | 32,058.56 | $31,514.17 | |
| 64110D104 | NETAPP INC | US | NTAP | 601 | $39,810.24 |
| 644393AA8 | NEW FORTRESS ENERGY INC 6.75000 09/15/2025 | US | 96,000 | $101,969.28 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 3,916.93 | $4,196.47 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 5,698.55 | $6,072.49 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 6,280.76 | $6,692.31 | |
| 64971XPG7 | NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 | US | 125,000 | $128,776.25 | |
| 654106103 | NIKE INC CLASS B | US | NKE | 32,605 | $4,612,629.35 |
| 655844108 | NORFOLK SOUTHN CORP | US | NSC | 14,351 | $3,409,941.11 |
| 6642321 | NIKON CORP | JP | 7731 JP | 214,500 | $1,355,185.02 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 220,000 | $1,485.00 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 52,264 | $4,935,289.52 |
| 670346105 | NUCOR CORP | US | NUE | 1,021 | $54,306.99 |
| 6742340 | SHANDONG WEIGAO | CN | 1066 HK | 200,000 | $452,483.10 |
| 674599EA9 | OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 | US | 35,000 | $41,081.25 | |
| 675232AB8 | OCEANEERING INTL INC 6.00000 02/01/2028 | US | 76,000 | $67,925.00 | |
| 6821506 | SONY CORP FIRST SECTION | JP | 6758 JP | 3,600 | $362,765.12 |
| 68389X105 | ORACLE CORP | US | ORCL | 2,784 | $180,096.96 |
| 691205AC2 | OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 | US | 55,000 | $57,433.47 | |
| 691205AE8 | OWL ROCK TECHNOLOGY 3.75000 06/17/2026 | US | 240,000 | $241,302.69 | |
| 69121KAE4 | OWL ROCK CAPITAL CORP 3.40000 07/15/2026 | US | 75,000 | $76,073.89 | |
| 69144AAA7 | OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 16,000 | $16,375.99 | |
| 69145AAB4 | OXFIN 2019-1A A2 4.45900 02/15/2027 | US | 26,000 | $26,900.23 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 45,000 | $44,887.50 | |
| 69306RAA4 | P&L DEV LLC/PLD 7.75000 11/15/2025 | US | 70,000 | $75,250.00 | |
| 69327RAJ0 | PDC ENERGY INC 5.75000 05/15/2026 | US | 48,000 | $49,560.00 | |
| 693456AW5 | PMTLT 2013-J1 a9 3.50000 09/25/2043 | US | 8,700.15 | $8,896.47 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 592 | $88,208.00 |
| 693506107 | PPG INDUSTRIES INC | US | PPG | 429 | $61,870.38 |
| 69354NAC0 | PRA GROUP INC 7.37500 09/01/2025 | US | 71,000 | $76,680.00 | |
| 69356MAA4 | PM GENERAL PURCHASER LLC 9.50000 10/01/2028 | US | 60,000 | $66,450.00 | |
| 701094104 | PARKER HANNIFIN CORP | US | PH | 263 | $71,643.83 |
| 7021963 | DEUTSCHE BOERSE AG | DE | DB1 GR | 23,745 | $4,043,116.29 |
| 70450Y103 | PAYPAL HOLDINGS INC | US | PYPL | 48,795 | $11,427,789.00 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 67,470 | $7,975,717.33 |
| 713448108 | PEPSICO INC | US | PEP | 22,994 | $3,410,010.20 |
| 717081103 | PFIZER INC | US | PFE | 7,373 | $271,400.13 |
| 723787107 | PIONEER NATURAL RESOURCES CO | US | PXD | 36,685 | $4,178,054.65 |
| 741503AZ9 | BOOKING HOLDINGS INC 3.60000 06/01/2026 | US | 582,000 | $661,475.14 | |
| 74165HAB4 | PRIME HEALTHCARE SERVICE 7.25000 11/01/2025 | US | 70,000 | $74,375.00 | |
| 74166MAC0 | PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 | US | 50,000 | $54,750.00 | |
| 74333NAA0 | PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 | US | 16,886.09 | $17,435.86 | |
| 74340W103 | PROLOGIS | US | PLD | 7,929 | $790,204.14 |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 1,293 | $298,592.49 |
| 747525103 | QUALCOMM INC | US | QCOM | 1,396 | $212,666.64 |
| 74834L100 | QUEST DIAGNOSTICS INC | US | DGX | 400 | $47,668.00 |
| 750236AW1 | RADIAN GROUP INC 4.87500 03/15/2027 | US | 90,000 | $98,838.00 | |
| 75513E101 | RAYTHEON TECHNOLOGIES CORP | US | RTX | 2,136 | $152,745.36 |
| 756109104 | REALTY INCOME CORP | US | O | 1,364 | $84,799.88 |
| 7591EP100 | REGIONS FINANCIAL CORP. | US | RF | 2,582 | $41,621.84 |
| 76131D103 | RESTAURANT BRANDS INTERN | CA | QSR | 3,520 | $215,107.20 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 2,747 | $134,905.17 |
| 7698356 | GETINGE AB-B SHS | SE | GETIB SS | 21,020 | $491,903.40 |
| 773903109 | ROCKWELL AUTOMATION INC | US | ROK | 267 | $66,966.27 |
| 7792559 | HEINEKEN NV | NL | HEIA NA | 3,235 | $360,504.88 |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 43,871 | $1,474,504.31 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 43,191 | $4,750,146.18 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 11,366 | $3,736,345.18 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 16,399 | $4,626,649.87 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 109,000 | $111,452.50 | |
| 78442PGD2 | SLM CORP 4.20000 10/29/2025 | US | 85,000 | $89,781.25 | |
| 78449UAB4 | SMB 2020-A A2A MTGE 2.23000 09/15/2037 | US | 22,000 | $22,831.52 | |
| 78490DAA2 | SOFI 2018-C A1FX 3.08000 01/25/2048 | US | 157.8 | $158.08 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 550,000 | $665,006.29 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 99,520 | $2,172,521.60 |
| 81141R100 | SEA LTD - ADR | SG | SE | 37,784 | $7,520,905.20 |
| 81181C104 | SEAGEN INC | US | SGEN | 12,075 | $2,114,815.50 |
| 81745BAB1 | SEMT 2013-6 A2 3.00000 05/25/2043 | US | 8,855.15 | $8,996.25 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 3,889.59 | $3,951.78 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 3,409.83 | $3,442.54 | |
| 81748MAD0 | SEMT 2020-1 A4 3.50000 02/25/2050 | US | 10,926.43 | $11,027.38 | |
| 81762P102 | SERVICENOW INC | US | NOW | 20,117 | $11,073,000.31 |
| 83088M102 | SKYWORKS SOLUTIONS INC | US | SWKS | 320 | $48,921.60 |
| 832696405 | JM SMUCKER CO/THE-NEW COM WI | US | SJM | 358 | $41,384.80 |
| 83404RAB4 | SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 15,788.37 | $16,250.09 | |
| 83405TAA1 | SCLP 2019-3 A MTGE 2.90000 05/25/2028 | US | 5,180.87 | $5,235.35 | |
| 83406CAA7 | SCLP 2019-2 A MTGE 3.01000 04/25/2028 | US | 3,566.28 | $3,602.18 | |
| 83406TAB8 | SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 | US | 14,000 | $14,465.86 | |
| 835699307 | SONY CORP SPONSORED ADR | JP | SNE | 47,915 | $4,844,206.50 |
| 844741BJ6 | SOUTHWEST AIRLINES CO 5.25000 05/04/2025 | US | 16,000 | $18,530.57 | |
| 85172FAN9 | SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 | US | 53,000 | $62,672.50 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 2,827 | $88,541.64 |
| 854502101 | STANLEY WORKS/THE | US | SWK | 298 | $53,210.88 |
| 85571BAL9 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 76,000 | $77,900.00 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 1.62863 11/15/2027 | US | 15,954.15 | $10,529.74 | |
| 861036AA9 | STL HOLDING CO LLC 7.50000 02/15/2026 | US | 90,000 | $93,375.00 | |
| 866674104 | SUN COMMUNITIES | US | SUI | 2,335 | $354,803.25 |
| 86935CAA0 | SCML 2019-SBC8 2.86000 04/25/2041 | US | 13,052.81 | $13,175.84 | |
| 87105L104 | SWITCH INC - A | US | SWCH | 12,569 | $205,754.53 |
| 871829107 | SYSCO CORP | US | SYY | 1,051 | $78,047.26 |
| 874039100 | TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 2,385 | $260,060.40 |
| 87422VAA6 | TALEN ENERGY SUPPLY LLC 6.50000 06/01/2025 | US | 45,000 | $36,675.00 | |
| 87485LAA2 | TALOS PRODUCTION INC 12.00000 01/15/2026 | US | 50,000 | $48,648.50 | |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 935.9 | $937.99 | |
| 87901JAE5 | TEGNA INC 4.62500 03/15/2028 | US | 50,000 | $51,125.00 | |
| 88032WAN6 | TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 490,000 | $558,297.06 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 2,007 | $117,429.57 |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 1,437 | $235,854.81 |
| 883556102 | THERMO FISHER SCIENTIFIC INC | US | TMO | 6,545 | $3,048,530.10 |
| 88579Y101 | 3M CO | US | MMM | 956 | $167,099.24 |
| 89151E109 | TOTAL S A SPONSORED ADR | FR | TOT | 26,454 | $1,108,687.14 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 9,196.11 | $9,374.89 | |
| 89173FAA8 | TPMT 2017-1 A1 2.75000 10/25/2056 | US | 9,556.74 | $9,794.72 | |
| 89177EAA7 | TPMT 2019-HY1 A1 1.14800 10/25/2048 | US | 9,198.24 | $9,233.99 | |
| 89417E109 | TRAVELLERS COS INC | US | TRV | 521 | $73,132.77 |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 12,892.68 | $13,291.20 | |
| 89613GAA4 | TAH 2020-SFR1 A 1.49900 07/17/2038 | US | 26,000 | $26,277.01 | |
| 89832Q109 | TRUIST FINANCIAL CORP | US | TFC | 2,557 | $122,557.01 |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 115,000 | $112,700.00 | |
| 902494103 | TYSON FOODS INC -CL A | US | TSN | 855 | $55,096.20 |
| 902653104 | UDR INC | US | UDR | 4,383 | $168,438.69 |
| 902973304 | U.S. BANCORP | US | USB | 2,684 | $125,047.56 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 102,743 | $6,201,567.48 |
| 907818108 | UNION PAC CORP | US | UNP | 1,046 | $217,798.12 |
| 909214BV9 | UNISYS CORP 6.87500 11/01/2027 | US | 45,000 | $49,162.50 | |
| 912810RX8 | US TREASURY N/B 3.00000 05/15/2047 | US | 1,840,000 | $2,409,609.37 | |
| 9128282A7 | UNITED STATES TREAS NTS 1.50000 08/15/2026 | US | 13,958,000 | $14,779,668.24 | |
| 9128284P2 | US TREASURY N/B 2.62500 05/15/2021 | US | 4,240,000 | $4,278,756.23 | |
| 91324P102 | UNITEDHEALTH GROUP INC | US | UNH | 12,429 | $4,358,601.72 |
| 918204108 | VF CORP | US | VFC | 964 | $82,335.24 |
| 91913Y100 | VALERO ENERGY | US | VLO | 996 | $56,343.72 |
| 92343VCV4 | VERIZON COMMUNICATIONS 4.27200 01/15/2036 | US | 550,000 | $682,154.25 | |
| 92511U102 | VERRA MOBILITY CORP | US | VRRM | 219,325 | $2,943,341.50 |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 14,977 | $3,539,664.18 |
| 92556V106 | VIATRIS INC | US | VTRS | 849 | $15,910.26 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 32,485 | $7,105,444.05 |
| 92826CAK8 | VISA INC 2.70000 04/15/2040 | US | 21,000 | $22,924.26 | |
| 92837TAA0 | AUSTIN BIDCO INC 7.12500 12/15/2028 | US | 15,000 | $15,656.25 | |
| 929160109 | VULCAN MATERIALS CO | US | VMC | 25,643 | $3,803,113.33 |
| 93065PAA9 | WBHT 2019-WBM A FLT 1.20900 12/15/2033 | US | 15,000 | $14,588.49 | |
| 931142103 | WAL MART STORES | US | WMT | 2,724 | $392,664.60 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 867 | $102,245.31 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 5,561 | $167,830.98 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 1,522 | $98,351.64 |
| 955306105 | WEST PHARMACEUTICAL SERVICES | US | WST | 6,661 | $1,887,127.91 |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 65,000 | $70,947.50 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 403,000 | $459,837.74 | |
| 98311A105 | WYNDHAM HOTELS & RESORTS INC | US | WH | 1,535 | $91,240.40 |
| 98978V103 | ZOETIS INC | US | ZTS | 9,920 | $1,641,760.00 |
| B02J639 | ADMIRAL GROUP PLC | GB | ADM LN | 17,850 | $705,822.08 |
| B1KFX13 | GRUPO AEROPORTUARIO DEL CENT | MX | OMAB MM | 23,800 | $153,531.80 |
| B1Y47Y7 | GERRESHEIMER AG | DE | GXI GR | 1,700 | $183,325.50 |
| B1Y9TB3 | DANONE | FR | BN FP | 6,441 | $423,857.47 |
| B3QJ0H8 | TOURMALINE OIL CORP | CA | TOU CN | 40,905 | $551,441.43 |
| B4YVF56 | BRENNTAG AG | DE | BNR GR | 52,200 | $4,059,152.05 |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 162,400 | $5,010,836.84 |
| BBQ3850 | KEYWORDS STUDIOS PLC | IE | KWS LN | 4,621 | $180,449.93 |
| BD6K457 | COMPASS GROUP PLC | GB | CPG LN | 11,140 | $207,776.12 |
| BFZZM64 | S4 CAPITAL PLC | GB | SFOR LN | 55,195 | $377,395.81 |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 48,936 | $68,989.19 |
| BHJYC05 | INTERCONTINENTAL HOTELS GROUP | GB | IHG LN | 1,630 | $105,648.54 |
| BJ2KSG2 | AKZO NOBEL | NL | AKZA NA | 1,441 | $154,669.16 |
| BK0939417 | AMERICAN TANKER INC 7.75000 07/02/2025 | US | 85,000 | $85,174.25 | |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 95,334 | $6,859,643.39 |
| BMXKJ81 | FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 4,192 | $61,873.92 |
| BNGN9Z1 | FINECOBANK SPA | IT | FBK IM | 47,010 | $775,289.84 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 12,335 | $391,510.88 |
| BVYVFW2 | AUTO TRADER GROUP PLC | GB | AUTO LN | 27,520 | $224,005.57 |
| BW1YVH8 | WALMART DE MEXICO SAB DE CV | MX | WALMEX* MM | 12,578 | $35,333.06 |
| BYPC1T4 | ASSA ABLOY AB-B | SE | ASSAB SS | 8,400 | $207,580.92 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 37,287 | $2,601,392.74 |
| BZ0VW78 | BINGO INDUSTRIES LTD | AU | BIN AU | 105,770 | $198,117.64 |
| BZ1HM42 | ADYEN NV | NL | ADYEN NA | 80 | $185,883.34 |
| G0772R208 | BANK OF N.T. BUTTERFIELD&SON | BM | NTB | 6,214 | $193,628.24 |
| G1151C101 | ACCENTURE PLC - CL A | IE | ACN | 640 | $167,174.40 |
| G29183103 | EATON CORP PLC | US | ETN | 892 | $107,164.88 |
| G51502105 | JOHNSON CONTROLS INTERNATIONAL | US | JCI | 1,979 | $92,201.61 |
| G5494J103 | LINDE PLC | GB | LIN | 592 | $155,997.92 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 47,834 | $5,603,274.76 |
| G85158106 | STONECO LTD-A | BR | STNE | 5,162 | $433,195.04 |
| G8994E103 | TRANE TECHNOLOGIES | IE | TT | 1,674 | $242,997.84 |
| G97822103 | PERRIGO CO PLC | IE | PRGO | 6,475 | $289,562.00 |
| H01301128 | ALCON INC | CH | ALC | 43,154 | $2,847,300.92 |
| H1467J104 | CHUBB LTD | CH | CB | 773 | $118,980.16 |
| H2906T109 | GARMIN LTD | CH | GRMN | 399 | $47,744.34 |
| N53745100 | LYONDELLBASELL INDU-CL A | US | LYB | 844 | $77,361.04 |
| ZO1818103 | NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 | MH | 150,000 | $154,500.00 | |
| ZO4110185 | BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 200,000 | $190,129.29 |
Investments will change over time.
Distributions
- Pro-Blend® Maximum Term Series Class S Distribution History
- 2020 Distribution Calendar
- Fourth Quarter 2020 Distributions
- Third Quarter 2020 Distributions
- Second Quarter 2020 Distributions
- First Quarter 2020 Distributions
- Tax Letter
- Target 2045 Merger into Pro Blend Maximum
- Target 2050 Merger into Pro Blend Maximum
- Target 2055 Merger into Pro Blend Maximum
- Target 2060 Merger into Pro Blend Maximum
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.
Daily Price
$26.01
Daily $ Change
$0.23
Daily % Change
0.88%
as of 01/20/2021
Ticker
EXHAX
CUSIP
563821594
Inception Date
11/01/1995
Investment Minimum
$2,000.00
Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.
Important Documents
| Summary Prospectus | |
| Prospectus | |
| Statement of Additional Information | |
| Annual Report | |
| Semi-Annual Report | |
| Fact Sheet | |
| Applications & Forms |
Investment Objective
To provide long-term capital growth.
Investment Strategy
The portfolio is invested in an aggressive, growth-oriented mix of securities that seeks to earn the long-term growth typically associated with the stock market. Holdings are diversified primarily among various stock investments in both domestic and foreign markets; only a minor portion of the fund is invested in fixed income securities.
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 long-term capital growth and generally have the time to withstand market volatility
- Who have a very high capital risk tolerance
About 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.
Performance
As of 12/31/2020
YTD
---
1 Year
22.07%
3 Year
13.42%
5 Year
13.63%
10 Year
9.94%
Inception
(11/01/1995)
9.62%
Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.
Expense Ratio
| Gross | 1.11% |
| Net | 1.10%* |
*Includes a 12b-1 fee of 0.50%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund's Board of Directors.
Top Ten Investments
As of 12/31/2020
| TREASURY NOTES | 3.96% |
| PAYPAL HOLDINGS INC | 2.37% |
| SERVICENOW INC | 2.30% |
| EXPEDIA INC | 2.30% |
| MICROSOFT CORP | 2.27% |
| MASTERCARD INC-CLASS A | 2.00% |
| MONDELEZ INTERNATIONAL INC | 1.97% |
| JOHNSON & JOHNSON | 1.88% |
| COCA COLA CO/THE | 1.88% |
| AMAZON.COM INC | 1.76% |
This investment list is unaudited and excludes cash.
Asset Allocation
As of 12/31/2020
| Stocks | 90.16% | |
| Bonds | 7.80% | |
| Cash | 2.04% |
Detailed Asset Class Allocation
As of 12/31/2020
| International Equities | 24.56% | |
| Small Capitalization | 3.30% | |
| Mid Capitalization | 12.11% | |
| Large Capitalization | 50.19% | |
| Long Term Fixed Income | 1.22% | |
| Intermediate Term Fixed Income | 5.58% | |
| Short Term Fixed Income | 1.00% | |
| Cash | 2.04% |
Due to rounding, the sum of the detailed asset class allocation categories may not equal the asset allocation totals provided above.
December Fund Holdings
As of 12/31/2020
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 200,000 | $233,946.64 | |
| 00287Y109 | ABBVIE INC | US | ABBV | 2,219 | $237,765.85 |
| 00435F309 | ACCOR SA-SPONSORED ADR | FR | ACCYY | 321,745 | $2,316,564.00 |
| 00507V109 | ACTIVISION INC | US | ATVI | 38,376 | $3,563,211.60 |
| 00653VAA9 | ADAPTHEALTH LLC 6.12500 08/01/2028 | US | 65,000 | $69,793.75 | |
| 00774MAG0 | AERCAP IRELAND CAP / GLOBA 4.45000 10/01/2025 | IE | 380,000 | $423,273.31 | |
| 00791GAA5 | AG MERGER SUB II INC 10.75000 08/01/2027 | US | 71,000 | $78,455.00 | |
| 00842XAA7 | AFFINITY GAMING 6.87500 12/15/2027 | US | 45,000 | $47,150.55 | |
| 008492100 | AGREE REALTY CORP | US | ADC | 2,614 | $174,040.12 |
| 00912XAV6 | AIR LEASE CORP 3.62500 04/01/2027 | US | 370,000 | $396,526.06 | |
| 00914AAB8 | AIR LEASE CORP 3.75000 06/01/2026 | US | 80,000 | $87,998.18 | |
| 01166WAA5 | ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 82,000 | $89,072.68 | |
| 01609W102 | ALIBABA GROUP - ADR | CN | BABA | 18,560 | $4,319,468.80 |
| 01609WAT9 | ALIBABA GROUP HOLDING 3.40000 12/06/2027 | KY | 510,000 | $570,945.69 | |
| 020002101 | ALLSTATE CORPORATION | US | ALL | 639 | $70,245.27 |
| 02079K107 | ALPHABET INC-CL C | US | GOOG | 700 | $1,226,316.00 |
| 02079K305 | ALPHABET INC-CL A | US | GOOGL | 4,424 | $7,753,679.36 |
| 023135106 | AMAZON.COM INC | US | AMZN | 2,600 | $8,468,018.00 |
| 0237400 | DIAGEO PLC | GB | DGE LN | 105,779 | $4,185,544.17 |
| 024835100 | AMERICAN CAMPUS COMMUNITIES | US | ACC | 3,137 | $134,169.49 |
| 025816109 | AMERICAN EXPRESS CO | US | AXP | 32,150 | $3,887,256.50 |
| 02665T306 | AMERICAN HOMES 4 RENT- A | US | AMH | 8,208 | $246,240.00 |
| 03027X100 | AMERICAN TOWER REIT INC | US | AMT | 21,442 | $4,812,871.32 |
| 03027XAW0 | AMERICAN TOWER CORP 3.80000 08/15/2029 | US | 571,000 | $663,866.09 | |
| 03064D108 | AMERICOLD REALTY TRUST | US | COLD | 7,143 | $266,648.19 |
| 032654105 | ANALOG DEVICES INC | US | ADI | 597 | $88,194.81 |
| 03690AAD8 | ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 | US | 77,000 | $75,652.50 | |
| 03690AAF3 | ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 | US | 49,000 | $47,049.80 | |
| 03690EAA6 | ANTERO MIDSTREAM PART/FI 7.87500 05/15/2026 | US | 20,000 | $20,651.60 | |
| 03750L109 | APARTMENT INCOME REIT CO | US | AIRC | 2,809 | $107,893.69 |
| 03784Y200 | APPLE HOSPITALITY REIT INC | US | APLE | 10,642 | $137,388.22 |
| 039483102 | ARCHER-DANIELS-MIDLAND CO | US | ADM | 1,285 | $64,776.85 |
| 04364VAR4 | ASCENT RESOURCES 8.25000 12/31/2028 | US | 45,000 | $44,887.50 | |
| 045054AJ2 | ASHTEAD CAPITAL INC 4.00000 05/01/2028 | US | 230,000 | $244,292.20 | |
| 053015103 | AUTOMATIC DATA PROCESSING | US | ADP | 556 | $97,967.20 |
| 053332102 | AUTOZONE INC | US | AZO | 3,169 | $3,756,659.36 |
| 053484101 | AVALONBAY COMMUNITIES INC | US | AVB | 838 | $134,440.34 |
| 05401AAJ0 | AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 | KY | 257,000 | $262,221.79 | |
| 055622104 | BP PLC-SPONS ADR | GB | BP | 49,423 | $1,014,159.96 |
| 05722G100 | BAKER HUGHES CO | US | BKR | 2,777 | $57,900.45 |
| 060505104 | BANK OF AMERICA CORP | US | BAC | 8,725 | $264,454.75 |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 320,000 | $359,578.08 | |
| 071734AH0 | BAUSCH HEALTH COS INC 5.00000 01/30/2028 | CA | 73,000 | $75,229.42 | |
| 084423102 | WR BERKLEY CORP | US | WRB | 53,177 | $3,532,016.34 |
| 084670702 | BERKSHIRE HATHAWAY INC-CL B | US | BRK/B | 10,702 | $2,481,472.74 |
| 086516101 | BEST BUY INC | US | BBY | 730 | $72,846.70 |
| 09061G101 | BIOMARIN PHARMACEUTICAL INC | US | BMRN | 43,040 | $3,774,177.60 |
| 09247X101 | BLACKROCK INC | US | BLK | 9,169 | $6,615,800.26 |
| 0963318 | DECHRA PHARMACEUTICALS PLC | GB | DPH LN | 4,870 | $229,361.00 |
| 101137107 | BOSTON SCIENTIFIC CORP | US | BSX | 52,679 | $1,893,810.05 |
| 105368203 | BRANDYWINE REALTY TRUST | US | BDN | 6,944 | $82,703.04 |
| 110122108 | BRISTOL MYERS SQUIBB CO | US | BMY | 3,008 | $186,586.24 |
| 116ESCAD6 | BRUIN E&P PARTNERS LLC 0.00000 08/01/2023 | US | 234,000 | $23.40 | |
| 12467AAF5 | C&S GROUP ENTERPRISES LL 5.00000 12/15/2028 | US | 75,000 | $74,781.00 | |
| 12503M108 | CBOE GLOBAL MARKETS INC | US | CBOE | 23,659 | $2,203,126.08 |
| 12510GAB8 | CCG 2019-1 A2 2.80000 09/14/2026 | US | 11,362.35 | $11,537.77 | |
| 12514G108 | CDW CORP/DE | US | CDW | 32,315 | $4,258,793.85 |
| 12541W209 | C.H. ROBINSON WORLDWIDE INC | US | CHRW | 461 | $43,274.07 |
| 12555DAA3 | CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 2,826.86 | $2,905.95 | |
| 12572Q105 | CME GROUP INC | US | CME | 12,503 | $2,276,171.15 |
| 12646XAH5 | CSMC 2013-IVR3 A1 2.50000 05/25/2043 | US | 4,598.57 | $4,681.14 | |
| 12648TAA7 | CSMC 2014-IVR3 A1 3.50000 07/25/2044 | US | 7,973.58 | $8,170.25 | |
| 12654TAA8 | CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 | US | 53,000 | $53,927.50 | |
| 127097103 | CABOT OIL & GAS CORP | US | COG | 412,237 | $6,711,218.36 |
| 133131102 | CAMDEN PROPERTY TRUST | US | CPT | 1,704 | $170,263.68 |
| 133131AZ5 | CAMDEN PROPERTY TRUST 2.80000 05/15/2030 | US | 17,000 | $18,879.50 | |
| 13321L108 | CAMECO CORP | CA | CCJ | 240,108 | $3,217,447.20 |
| 14174T107 | CARETRUST REIT INC | US | CTRE | 3,441 | $76,321.38 |
| 149123101 | CATERPILLAR INC | US | CAT | 969 | $176,377.38 |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 5,495.74 | $5,519.09 | |
| 16119P108 | CHARTER COMMUNICATIONS INC-A | US | CHTR | 10,780 | $7,131,509.00 |
| 172062101 | CINCINNATI FINANCIAL CORP | US | CINF | 332 | $29,006.84 |
| 17275R102 | CISCO SYSTEMS INC | US | CSCO | 5,379 | $240,710.25 |
| 172967424 | CITIGROUP INC | US | C | 2,701 | $166,543.66 |
| 172967KA8 | CITIGROUP INCA 4.45000 09/29/2027 | US | 375,000 | $443,301.82 | |
| 191216100 | COCA COLA CO/THE | US | KO | 164,687 | $9,031,435.08 |
| 194162103 | COLGATE-PALMOLIVE CO | US | CL | 1,610 | $137,671.10 |
| 20030N101 | COMCAST CORP-CL A | US | CMCSA | 4,328 | $226,787.20 |
| 20030NCY5 | COMCAST CORP 3.25000 11/01/2039 | US | 501,000 | $568,828.34 | |
| 20268CAA6 | CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 | US | 12,015.39 | $12,318.26 | |
| 20369C106 | COMMUNITY HEALTHCARE TRUST I | US | CHCT | 2,792 | $131,531.12 |
| 20449X401 | COMPASS GROUP PLC ADR | GB | CMPGY | 180,543 | $3,381,570.39 |
| 205887102 | CONAGRA BRAND INC. | US | CAG | 1,399 | $50,727.74 |
| 20605P101 | CONCHO RESOURCES INC | US | CXO | 71,905 | $4,195,656.75 |
| 20825C104 | CONOCOPHILLIPS | US | COP | 54,793 | $2,191,172.07 |
| 21036P108 | CONSTELLATION BRANDS INC-A | US | STZ | 10,831 | $2,372,530.55 |
| 21240E105 | CONTROLADORA VUELA CIA DE AV | MX | VLRS | 23,015 | $285,846.30 |
| 217204106 | COPART INC | US | CPRT | 18,745 | $2,385,301.25 |
| 222795502 | COUSINS PROPERTIES INC | US | CUZ | 7,573 | $253,695.50 |
| 22534GAA1 | CAALT 2020-1A 2.01000 02/15/2029 | US | 19,000 | $19,425.78 | |
| 22822V101 | CROWN CASTLE INTL CORP | US | CCI | 1,629 | $259,320.51 |
| 22822VAN1 | CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 582,000 | $641,325.56 | |
| 229663109 | CUBESMART | US | CUBE | 2,844 | $95,586.84 |
| 231021106 | CUMMINS INC | US | CMI | 379 | $86,070.90 |
| 253868103 | DIGITAL REALTY TRUST INC | US | DLR | 2,593 | $361,749.43 |
| 254687106 | WALT DISNEY CO/THE | US | DIS | 19,491 | $3,531,379.38 |
| 256677105 | DOLLAR GENERAL CORP | US | DG | 21,025 | $4,421,557.50 |
| 256746108 | DOLLAR TREE STORES INC | US | DLTR | 57,130 | $6,172,325.20 |
| 25746UDG1 | DOMINION ENERGY 3.37500 04/01/2030 | US | 295,000 | $336,032.99 | |
| 25960P109 | DOUGLAS EMMETT INC | US | DEI | 4,089 | $119,317.02 |
| 260003108 | DOVER CORP | US | DOV | 311 | $39,263.75 |
| 262006208 | DREYFUS GVT CSH MANAGEMENT | US | 10,029,032.28 | $10,029,032.28 | |
| 26439XAC7 | DCP MIDSTREAM OPERATING 8.12500 08/16/2030 | US | 63,000 | $80,482.50 | |
| 264411505 | DUKE RLTY INVTS INC | US | DRE | 5,494 | $219,595.18 |
| 26875P101 | EOG RESOURCES INC | US | EOG | 68,605 | $3,421,331.35 |
| 26884L109 | EQT CORP | US | EQT | 199,925 | $2,541,046.75 |
| 26884LAG4 | EQT CORP 8.75000 02/01/2030 | US | 60,000 | $73,500.00 | |
| 2715777 | QUEBECOR INC -CL B | CA | QBR/B CN | 19,925 | $512,799.91 |
| 27579R104 | EAST WEST BANCORP INC | US | EWBC | 84,885 | $4,304,518.35 |
| 285512109 | ELECTRONIC ARTS | US | EA | 36,762 | $5,279,023.20 |
| 291011104 | EMERSON ELEC CO | US | EMR | 1,402 | $112,678.74 |
| 29273RAR0 | ENERGY TRANSFER OPERATNG 6.50000 02/01/2042 | US | 542,000 | $661,232.28 | |
| 29275YAC6 | ENERSYS 4.37500 12/15/2027 | US | 10,000 | $10,575.00 | |
| 29444U700 | EQUINIX INC | US | EQIX | 5,481 | $3,914,420.58 |
| 29472R108 | EQUITY LIFESTYLE PROPERTIES | US | ELS | 3,891 | $246,533.76 |
| 297178105 | ESSEX PROPERTY TRUST INC | US | ESS | 418 | $99,241.56 |
| 30212P303 | EXPEDIA INC | US | EXPE | 83,492 | $11,054,340.80 |
| 30212PAS4 | EXPEDIA GROUP INC 6.25000 05/01/2025 | US | 196,000 | $227,183.72 | |
| 30225T102 | EXTRA SPACE STORAGE INC | US | EXR | 613 | $71,022.18 |
| 30231G102 | EXXON MOBIL CORP | US | XOM | 68,775 | $2,834,905.50 |
| 302491303 | FMC CORP | US | FMC | 20,328 | $2,336,297.04 |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 58,000 | $55,317.50 | |
| 30287EAE0 | FREMF 2014-K41 B FLT 3.83296 11/25/2047 | US | 21,000 | $23,049.17 | |
| 30303M102 | FACEBOOK INC -A | US | FB | 24,402 | $6,665,650.32 |
| 311900104 | FASTENAL CO | US | FAST | 1,557 | $76,028.31 |
| 3128M6NC8 | FHLM POOL G04587 5.50000 08/01/2038 | US | 5,382.98 | $6,330.29 | |
| 3128M6NS3 | FHLM POOL G04601 5.50000 07/01/2038 | US | 5,787.07 | $6,776.06 | |
| 3128P75X7 | FHLM POOL C91762 4.50000 05/01/2034 | US | 4,889.71 | $5,406.45 | |
| 3128P76G3 | FHLM POOL C91771 4.50000 06/01/2034 | US | 3,930.65 | $4,346.12 | |
| 3128P76R9 | FHLM POOL C91780 4.50000 07/01/2034 | US | 5,228.34 | $5,780.90 | |
| 3136AY6W8 | FNA 2017-M15 A1 FLT 2.95934 09/25/2027 | US | 15,780.9 | $17,098.31 | |
| 3137AME78 | FHMS K017 X1 FLT 1.28567 12/25/2021 | US | 232,138.68 | $1,591.80 | |
| 3138ETT89 | FEDERAL NATL MTG ASSN AL8674 FLT 5.64100 01/01/2049 | US | 15,780.2 | $18,497.77 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 63.48 | $63.72 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 80.99 | $81.43 | |
| 31417YJC2 | FEDERAL NATL MTG ASSN MA0258 4.50000 12/01/2039 | US | 4,450.21 | $4,979.43 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 6,514.66 | $7,201.51 | |
| 31418MGR7 | FEDERAL NATL MTG ASSN AD0207 6.00000 10/01/2038 | US | 6,133.08 | $7,277.20 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 3,828.15 | $4,500.39 | |
| 316773100 | FIFTH THIRD BANCORP | US | FITB | 1,793 | $49,433.01 |
| 32054K103 | FIRST INDUSTRIAL REALTY TR | US | FR | 3,922 | $165,233.86 |
| 34461LAA2 | FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 18,000 | $18,861.58 | |
| 345370CW8 | FORD MOTOR COMPANY 9.00000 04/22/2025 | US | 80,000 | $98,080.80 | |
| 346232AE1 | FORESTAR GROUP INC 5.00000 03/01/2028 | US | 44,000 | $45,430.00 | |
| 34960PAC5 | FORTRESS TRANS & INFRAST 9.75000 08/01/2027 | US | 44,000 | $50,435.00 | |
| 35166FAA0 | FOXTROT ESCROW ISSUER 12.25000 11/15/2026 | US | 53,000 | $60,420.00 | |
| 36257MAA3 | GSMS 2019-70P A 1.15900 10/15/2036 | US | 19,000 | $18,523.48 | |
| 369550108 | GENERAL DYNAMICS CORP | US | GD | 550 | $81,851.00 |
| 369604BQ5 | GENERAL ELECTRIC CO 5.00000 01/21/2021 | US | 405,000 | $376,751.25 | |
| 370334104 | GENERAL MLS INC | US | GIS | 1,421 | $83,554.80 |
| 372460105 | GENUINE PARTS CO | US | GPC | 457 | $45,896.51 |
| 37255LAA5 | GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 | US | 90,000 | $97,425.00 | |
| 374297109 | GETTY REALTY CORP | US | GTY | 3,974 | $109,443.96 |
| 375558103 | GILEAD SCIENCES INC | US | GILD | 2,057 | $119,840.82 |
| 38379RRX3 | GNR 2017-54 AH MTGE 2.60000 12/16/2056 | US | 15,454.93 | $16,218.32 | |
| 383909AF5 | WR GRACE & CO-CONN 5.62500 10/01/2024 | US | 45,000 | $48,543.75 | |
| 384802104 | WW GRAINGER INC | US | GWW | 113 | $46,142.42 |
| 388689101 | GRAPHIC PACKAGING HOLDING CO | US | GPK | 206,645 | $3,500,566.30 |
| 400501102 | GRUPO AEROPORTUARIO CEN-ADR | MX | OMAB | 29,533 | $1,526,265.44 |
| 400506101 | GRUPO AEROPORTUARIO PAC-ADR | MX | PAC | 11,672 | $1,298,976.88 |
| 40051E202 | GRUPO AEROPORTUARIO DEL SURESTE | MX | ASR | 10,203 | $1,682,780.79 |
| 4012250 | AIRBUS SE | FR | AIR FP | 2,020 | $221,683.30 |
| 4031976 | ADIDAS AG | DE | ADS GR | 7,070 | $2,572,101.08 |
| 404119BX6 | HCA INC 4.12500 06/15/2029 | US | 295,000 | $342,224.07 | |
| 416515104 | HARTFORD FINL SVCS | US | HIG | 900 | $44,082.00 |
| 418751AD5 | HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 | US | 53,000 | $54,987.50 | |
| 421946104 | HEALTHCARE REALTY TRUST INC | US | HR | 4,336 | $128,345.60 |
| 42225P501 | HEALTHCARE TRUST OF AMERICA | US | HTA | 5,486 | $151,084.44 |
| 42250P103 | HEALTHPEAK PROPERTIES INC | US | PEAK | 7,240 | $218,865.20 |
| 423012301 | HEINEKEN NV-SPN ADR | NL | HEINY | 68,760 | $3,839,558.40 |
| 427866108 | HERSHEY CO/THE | US | HSY | 495 | $75,403.35 |
| 42805E306 | HESKA CORP | US | HSKA | 13,410 | $1,953,166.50 |
| 431571AB4 | HILLENBRAND INC 5.00000 09/15/2026 | US | 46,000 | $51,577.50 | |
| 43300A203 | HILTON WORLDWIDE HOLDINGS INC | US | HLT | 21,733 | $2,418,013.58 |
| 437076102 | HOME DEPOT INC | US | HD | 1,291 | $342,915.42 |
| 438516106 | HONEYWELL INTERNATIONAL INC | US | HON | 1,119 | $238,011.30 |
| 440452100 | HORMEL FOODS CORP | US | HRL | 967 | $45,071.87 |
| 443201AA6 | HOWMET AEROSPACE INC 6.87500 05/01/2025 | US | 40,000 | $46,800.00 | |
| 443628AH5 | HUDBAY MINERALS INC 6.12500 04/01/2029 | CA | 45,000 | $48,487.50 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 48,000 | $52,980.00 | |
| 450913AF5 | IAMGOLD CORP 5.75000 10/15/2028 | CA | 60,000 | $60,900.00 | |
| 45168D104 | IDEXX LABORATORIES INC | US | IDXX | 7,400 | $3,699,038.00 |
| 452308109 | ILLINOIS TOOL WKS INC | US | ITW | 617 | $125,793.96 |
| 45337C102 | INCYTE CORP | US | INCY | 18,305 | $1,592,168.90 |
| 45569LAA9 | INDIGO NATURAL RES LLC 6.87500 02/15/2026 | US | 53,000 | $54,192.50 | |
| 45682RAA8 | INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 | AU | 71,000 | $71,798.75 | |
| 45778Q107 | INSPERITY INC | US | NSP | 46,921 | $3,820,307.82 |
| 458140100 | INTEL CORP | US | INTC | 5,006 | $249,398.92 |
| 45857P806 | INTERCONTINENTAL HOTELS-ADR | GB | IHG | 34,988 | $2,278,418.56 |
| 45866F104 | INTERCONTINENTALEXCHANGE INC | US | ICE | 41,673 | $4,804,480.17 |
| 459200101 | INTERNATIONAL BUSINESS MACH CORP | US | IBM | 1,359 | $171,070.92 |
| 459506101 | INTERNATIONAL FLVRS & FRAGRANCES | US | IFF | 235 | $25,577.40 |
| 46116VAE5 | INTL FC STORE INC 8.62500 06/15/2025 | US | 100,000 | $108,750.00 | |
| 46120E602 | INTUITIVE SURGICAL INC | US | ISRG | 2,549 | $2,085,336.90 |
| 46187BAA1 | IHSFR 2017-SFR2 A 1.00300 12/17/2036 | US | 6,296.93 | $6,281.57 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 1.30300 12/17/2036 | US | 5,000 | $4,987.90 | |
| 46187W107 | INVITATION HOMES INC | US | INVH | 12,851 | $381,674.70 |
| 46284VAN1 | IRON MOUNTAIN INC 4.50000 02/15/2031 | US | 53,000 | $55,517.50 | |
| 465410BX5 | ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 9,000 | $9,464.06 | |
| 46625H100 | JP MORGAN CHASE & CO | US | JPM | 2,836 | $360,370.52 |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 2,476.72 | $2,525.55 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 5,325.35 | $5,446.58 | |
| 46647PBP0 | JPMORGAN CHASE & CO 2.95600 05/13/2031 | US | 550,000 | $603,125.04 | |
| 46648HAC7 | JPMMT 2017-2 A3 3.50000 05/25/2047 | US | 16,518.87 | $16,870.55 | |
| 478160104 | JOHNSON & JOHNSON | US | JNJ | 57,646 | $9,072,327.48 |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 203,000 | $1,986.15 | |
| 48088LAB3 | JOSEPH T RYERSON & SON 8.50000 08/01/2028 | US | 42,000 | $47,565.00 | |
| 482480100 | KLA-TENCOR CORPORATION | US | KLAC | 388 | $100,457.08 |
| 487526AB1 | KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 | US | 71,000 | $79,697.50 | |
| 49427F108 | KILROY REALTY CORP | US | KRC | 3,317 | $190,395.80 |
| 494368103 | KIMBERLY CLARK CORP | US | KMB | 702 | $94,650.66 |
| 494550AW6 | KINDER MORGAN ENER PART 6.95000 01/15/2038 | US | 414,000 | $566,480.19 | |
| 501044101 | KROGER CO | US | KR | 2,000 | $63,520.00 |
| 50212YAC8 | LPL HOLDINGS INC 4.62500 11/15/2027 | US | 45,000 | $46,575.00 | |
| 505742AG1 | LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 | US | 85,000 | $84,787.50 | |
| 5107401 | BEIERSDORF AG | DE | BEI GR | 2,625 | $301,768.99 |
| 512816109 | LAMAR ADVERTISING CO-A | US | LAMR | 1,298 | $108,019.56 |
| 53223X107 | LIFE STORAGE INC | US | LSI | 1,281 | $152,938.59 |
| 532457108 | ELI LILLY & CO | US | LLY | 936 | $158,034.24 |
| 539830109 | LOCKHEED MARTIN CORP | US | LMT | 451 | $160,095.98 |
| 541056AA5 | LOGAN MERGER SUB INC 5.50000 09/01/2027 | US | 38,000 | $39,805.00 | |
| 54240F202 | LONESTAR RES US INC NPV | US | 2,957 | $5,381.74 | |
| 550021109 | LULULEMON - ADR | CA | LULU | 13,789 | $4,798,985.67 |
| 552848AG8 | MGIC INVESTMENT CORP 5.25000 08/15/2028 | US | 76,000 | $81,320.00 | |
| 55303XAL9 | MGM GROWTH/MGM FINANCE 3.87500 02/15/2029 | US | 45,000 | $46,012.50 | |
| 56585A102 | MARATHON PETROLEUM CORP | US | MPC | 1,663 | $68,781.68 |
| 573284106 | MARTIN MARIETTA MATERIALS | US | MLM | 9,793 | $2,780,918.21 |
| 57636Q104 | MASTERCARD INC-CLASS A | US | MA | 27,001 | $9,637,736.94 |
| 577128AA9 | MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 | US | 70,000 | $70,700.00 | |
| 5852842 | ACCOR SA | FR | AC FP | 3,025 | $109,749.41 |
| 58933Y105 | MERCK & CO INC | US | MRK | 3,198 | $261,596.40 |
| 594918104 | MICROSOFT CORP | US | MSFT | 49,067 | $10,913,482.14 |
| 595112103 | MICRON TECHNOLOGY INC | US | MU | 102,661 | $7,718,053.98 |
| 59522J103 | MID-AMERICA APARTMENT COMM | US | MAA | 2,306 | $292,147.14 |
| 609207105 | MONDELEZ INTERNATIONAL INC | US | MDLZ | 162,085 | $9,477,109.95 |
| 615369105 | MOODY'S CORPORATION | US | MCO | 14,423 | $4,186,131.52 |
| 61965RAA3 | MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 | US | 76,000 | $57,760.00 | |
| 62913TAJ1 | NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 | US | 65,000 | $46,028.13 | |
| 6321954 | TRAVELSKY TECHNOLOGY LTD-H | CN | 696 HK | 141,000 | $340,643.70 |
| 63938CAH1 | NAVIENT CORP 6.75000 06/25/2025 | US | 63,000 | $68,512.50 | |
| 63938EAC8 | NAVSL 2014-1 A3 FLT 0.65800 06/25/2031 | US | 15,199.26 | $14,861.99 | |
| 63938NAF1 | NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 | MUL | 45,000 | $48,150.00 | |
| 63940YAA4 | NAVSL 2019-CA A1 2.82000 02/15/2068 | US | 1,514.12 | $1,517.68 | |
| 64032XAA3 | NSLT 2012-3A A MTGE FLT 0.84800 02/25/2045 | US | 15,814.48 | $15,615.51 | |
| 64033GAA9 | NSLT 2013-5A A MTGE FLT 0.77800 01/25/2037 | US | 15,615.9 | $15,436.75 | |
| 64033QAB5 | NSLT 2015-2A A2 0.74800 09/25/2047 | US | 32,058.56 | $31,514.17 | |
| 64110D104 | NETAPP INC | US | NTAP | 601 | $39,810.24 |
| 644393AA8 | NEW FORTRESS ENERGY INC 6.75000 09/15/2025 | US | 96,000 | $101,969.28 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 3,916.93 | $4,196.47 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 5,698.55 | $6,072.49 | |
| 64829LAA6 | NRZT 2016-4A A1 3.75000 11/25/2056 | US | 6,280.76 | $6,692.31 | |
| 64971XPG7 | NEW YORK CITY NY TRANSITIONALFIN 1.58000 05/01/2024 | US | 125,000 | $128,776.25 | |
| 654106103 | NIKE INC CLASS B | US | NKE | 32,605 | $4,612,629.35 |
| 655844108 | NORFOLK SOUTHN CORP | US | NSC | 14,351 | $3,409,941.11 |
| 6642321 | NIKON CORP | JP | 7731 JP | 214,500 | $1,355,185.02 |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 220,000 | $1,485.00 | |
| 66987V109 | NOVARTIS AG- REG | CH | NVS | 52,264 | $4,935,289.52 |
| 670346105 | NUCOR CORP | US | NUE | 1,021 | $54,306.99 |
| 6742340 | SHANDONG WEIGAO | CN | 1066 HK | 200,000 | $452,483.10 |
| 674599EA9 | OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 | US | 35,000 | $41,081.25 | |
| 675232AB8 | OCEANEERING INTL INC 6.00000 02/01/2028 | US | 76,000 | $67,925.00 | |
| 6821506 | SONY CORP FIRST SECTION | JP | 6758 JP | 3,600 | $362,765.12 |
| 68389X105 | ORACLE CORP | US | ORCL | 2,784 | $180,096.96 |
| 691205AC2 | OWL ROCK TECHNOLOGY FINA 4.75000 12/15/2025 | US | 55,000 | $57,433.47 | |
| 691205AE8 | OWL ROCK TECHNOLOGY 3.75000 06/17/2026 | US | 240,000 | $241,302.69 | |
| 69121KAE4 | OWL ROCK CAPITAL CORP 3.40000 07/15/2026 | US | 75,000 | $76,073.89 | |
| 69144AAA7 | OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 16,000 | $16,375.99 | |
| 69145AAB4 | OXFIN 2019-1A A2 4.45900 02/15/2027 | US | 26,000 | $26,900.23 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 45,000 | $44,887.50 | |
| 69306RAA4 | P&L DEV LLC/PLD 7.75000 11/15/2025 | US | 70,000 | $75,250.00 | |
| 69327RAJ0 | PDC ENERGY INC 5.75000 05/15/2026 | US | 48,000 | $49,560.00 | |
| 693456AW5 | PMTLT 2013-J1 a9 3.50000 09/25/2043 | US | 8,700.15 | $8,896.47 | |
| 693475105 | PNC FINANCIAL SERVICES GROUP | US | PNC | 592 | $88,208.00 |
| 693506107 | PPG INDUSTRIES INC | US | PPG | 429 | $61,870.38 |
| 69354NAC0 | PRA GROUP INC 7.37500 09/01/2025 | US | 71,000 | $76,680.00 | |
| 69356MAA4 | PM GENERAL PURCHASER LLC 9.50000 10/01/2028 | US | 60,000 | $66,450.00 | |
| 701094104 | PARKER HANNIFIN CORP | US | PH | 263 | $71,643.83 |
| 7021963 | DEUTSCHE BOERSE AG | DE | DB1 GR | 23,745 | $4,043,116.29 |
| 70450Y103 | PAYPAL HOLDINGS INC | US | PYPL | 48,795 | $11,427,789.00 |
| 7123870 | NESTLE SA-REGISTERED | CH | NESN SW | 67,470 | $7,975,717.33 |
| 713448108 | PEPSICO INC | US | PEP | 22,994 | $3,410,010.20 |
| 717081103 | PFIZER INC | US | PFE | 7,373 | $271,400.13 |
| 723787107 | PIONEER NATURAL RESOURCES CO | US | PXD | 36,685 | $4,178,054.65 |
| 741503AZ9 | BOOKING HOLDINGS INC 3.60000 06/01/2026 | US | 582,000 | $661,475.14 | |
| 74165HAB4 | PRIME HEALTHCARE SERVICE 7.25000 11/01/2025 | US | 70,000 | $74,375.00 | |
| 74166MAC0 | PRIME SECSRVC BRW/FINANC 5.75000 04/15/2026 | US | 50,000 | $54,750.00 | |
| 74333NAA0 | PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 | US | 16,886.09 | $17,435.86 | |
| 74340W103 | PROLOGIS | US | PLD | 7,929 | $790,204.14 |
| 74460D109 | PUBLIC STORAGE INC | US | PSA | 1,293 | $298,592.49 |
| 747525103 | QUALCOMM INC | US | QCOM | 1,396 | $212,666.64 |
| 74834L100 | QUEST DIAGNOSTICS INC | US | DGX | 400 | $47,668.00 |
| 750236AW1 | RADIAN GROUP INC 4.87500 03/15/2027 | US | 90,000 | $98,838.00 | |
| 75513E101 | RAYTHEON TECHNOLOGIES CORP | US | RTX | 2,136 | $152,745.36 |
| 756109104 | REALTY INCOME CORP | US | O | 1,364 | $84,799.88 |
| 7591EP100 | REGIONS FINANCIAL CORP. | US | RF | 2,582 | $41,621.84 |
| 76131D103 | RESTAURANT BRANDS INTERN | CA | QSR | 3,520 | $215,107.20 |
| 76169C100 | REXFORD INDUSTRIAL REALITY IN | US | REXR | 2,747 | $134,905.17 |
| 7698356 | GETINGE AB-B SHS | SE | GETIB SS | 21,020 | $491,903.40 |
| 773903109 | ROCKWELL AUTOMATION INC | US | ROK | 267 | $66,966.27 |
| 7792559 | HEINEKEN NV | NL | HEIA NA | 3,235 | $360,504.88 |
| 780259107 | ROYAL DUTCH SHELL PLC-ADR B | NL | RDS/B | 43,871 | $1,474,504.31 |
| 783513203 | RYANAIR HOLDINGS - ADR | IE | RYAAY | 43,191 | $4,750,146.18 |
| 78409V104 | S&P GLOBAL INC | US | SPGI | 11,366 | $3,736,345.18 |
| 78410G104 | SBA COMMUNICATIONS CORP | US | SBAC | 16,399 | $4,626,649.87 |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 109,000 | $111,452.50 | |
| 78442PGD2 | SLM CORP 4.20000 10/29/2025 | US | 85,000 | $89,781.25 | |
| 78449UAB4 | SMB 2020-A A2A MTGE 2.23000 09/15/2037 | US | 22,000 | $22,831.52 | |
| 78490DAA2 | SOFI 2018-C A1FX 3.08000 01/25/2048 | US | 157.8 | $158.08 | |
| 785592AV8 | SABINE PASS LIQUEFACTION 5.87500 06/30/2026 | US | 550,000 | $665,006.29 | |
| 806857108 | SCHLUMBERGER LTD | NL | SLB | 99,520 | $2,172,521.60 |
| 81141R100 | SEA LTD - ADR | SG | SE | 37,784 | $7,520,905.20 |
| 81181C104 | SEAGEN INC | US | SGEN | 12,075 | $2,114,815.50 |
| 81745BAB1 | SEMT 2013-6 A2 3.00000 05/25/2043 | US | 8,855.15 | $8,996.25 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 3,889.59 | $3,951.78 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 3,409.83 | $3,442.54 | |
| 81748MAD0 | SEMT 2020-1 A4 3.50000 02/25/2050 | US | 10,926.43 | $11,027.38 | |
| 81762P102 | SERVICENOW INC | US | NOW | 20,117 | $11,073,000.31 |
| 83088M102 | SKYWORKS SOLUTIONS INC | US | SWKS | 320 | $48,921.60 |
| 832696405 | JM SMUCKER CO/THE-NEW COM WI | US | SJM | 358 | $41,384.80 |
| 83404RAB4 | SOFI 2018-B A2FX MTGE 3.34000 08/25/2047 | US | 15,788.37 | $16,250.09 | |
| 83405TAA1 | SCLP 2019-3 A MTGE 2.90000 05/25/2028 | US | 5,180.87 | $5,235.35 | |
| 83406CAA7 | SCLP 2019-2 A MTGE 3.01000 04/25/2028 | US | 3,566.28 | $3,602.18 | |
| 83406TAB8 | SOFI 2020-A A2FX MTGE 2.54000 05/15/2046 | US | 14,000 | $14,465.86 | |
| 835699307 | SONY CORP SPONSORED ADR | JP | SNE | 47,915 | $4,844,206.50 |
| 844741BJ6 | SOUTHWEST AIRLINES CO 5.25000 05/04/2025 | US | 16,000 | $18,530.57 | |
| 85172FAN9 | SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 | US | 53,000 | $62,672.50 | |
| 85254J102 | STAG INDUSTRIAL INC | US | STAG | 2,827 | $88,541.64 |
| 854502101 | STANLEY WORKS/THE | US | SWK | 298 | $53,210.88 |
| 85571BAL9 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 76,000 | $77,900.00 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 1.62863 11/15/2027 | US | 15,954.15 | $10,529.74 | |
| 861036AA9 | STL HOLDING CO LLC 7.50000 02/15/2026 | US | 90,000 | $93,375.00 | |
| 866674104 | SUN COMMUNITIES | US | SUI | 2,335 | $354,803.25 |
| 86935CAA0 | SCML 2019-SBC8 2.86000 04/25/2041 | US | 13,052.81 | $13,175.84 | |
| 87105L104 | SWITCH INC - A | US | SWCH | 12,569 | $205,754.53 |
| 871829107 | SYSCO CORP | US | SYY | 1,051 | $78,047.26 |
| 874039100 | TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 2,385 | $260,060.40 |
| 87422VAA6 | TALEN ENERGY SUPPLY LLC 6.50000 06/01/2025 | US | 45,000 | $36,675.00 | |
| 87485LAA2 | TALOS PRODUCTION INC 12.00000 01/15/2026 | US | 50,000 | $48,648.50 | |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 935.9 | $937.99 | |
| 87901JAE5 | TEGNA INC 4.62500 03/15/2028 | US | 50,000 | $51,125.00 | |
| 88032WAN6 | TENCENT HOLDINGS 3.97500 04/11/2029 | KY | 490,000 | $558,297.06 | |
| 88146M101 | TERRENO REALTY CORP | US | TRNO | 2,007 | $117,429.57 |
| 882508104 | TEXAS INSTRUMENTS INC | US | TXN | 1,437 | $235,854.81 |
| 883556102 | THERMO FISHER SCIENTIFIC INC | US | TMO | 6,545 | $3,048,530.10 |
| 88579Y101 | 3M CO | US | MMM | 956 | $167,099.24 |
| 89151E109 | TOTAL S A SPONSORED ADR | FR | TOT | 26,454 | $1,108,687.14 |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 9,196.11 | $9,374.89 | |
| 89173FAA8 | TPMT 2017-1 A1 2.75000 10/25/2056 | US | 9,556.74 | $9,794.72 | |
| 89177EAA7 | TPMT 2019-HY1 A1 1.14800 10/25/2048 | US | 9,198.24 | $9,233.99 | |
| 89417E109 | TRAVELLERS COS INC | US | TRV | 521 | $73,132.77 |
| 89613FAA6 | TAH 2017-SFR2 A 2.92800 01/17/2036 | US | 12,892.68 | $13,291.20 | |
| 89613GAA4 | TAH 2020-SFR1 A 1.49900 07/17/2038 | US | 26,000 | $26,277.01 | |
| 89832Q109 | TRUIST FINANCIAL CORP | US | TFC | 2,557 | $122,557.01 |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 115,000 | $112,700.00 | |
| 902494103 | TYSON FOODS INC -CL A | US | TSN | 855 | $55,096.20 |
| 902653104 | UDR INC | US | UDR | 4,383 | $168,438.69 |
| 902973304 | U.S. BANCORP | US | USB | 2,684 | $125,047.56 |
| 904767704 | UNILEVER PLC - ADR | GB | UL | 102,743 | $6,201,567.48 |
| 907818108 | UNION PAC CORP | US | UNP | 1,046 | $217,798.12 |
| 909214BV9 | UNISYS CORP 6.87500 11/01/2027 | US | 45,000 | $49,162.50 | |
| 912810RX8 | US TREASURY N/B 3.00000 05/15/2047 | US | 1,840,000 | $2,409,609.37 | |
| 9128282A7 | UNITED STATES TREAS NTS 1.50000 08/15/2026 | US | 13,958,000 | $14,779,668.24 | |
| 9128284P2 | US TREASURY N/B 2.62500 05/15/2021 | US | 4,240,000 | $4,278,756.23 | |
| 91324P102 | UNITEDHEALTH GROUP INC | US | UNH | 12,429 | $4,358,601.72 |
| 918204108 | VF CORP | US | VFC | 964 | $82,335.24 |
| 91913Y100 | VALERO ENERGY | US | VLO | 996 | $56,343.72 |
| 92343VCV4 | VERIZON COMMUNICATIONS 4.27200 01/15/2036 | US | 550,000 | $682,154.25 | |
| 92511U102 | VERRA MOBILITY CORP | US | VRRM | 219,325 | $2,943,341.50 |
| 92532F100 | VERTEX PHARMACEUTICALS INC | US | VRTX | 14,977 | $3,539,664.18 |
| 92556V106 | VIATRIS INC | US | VTRS | 849 | $15,910.26 |
| 92826C839 | VISA INC - CLASS A SHARES | US | V | 32,485 | $7,105,444.05 |
| 92826CAK8 | VISA INC 2.70000 04/15/2040 | US | 21,000 | $22,924.26 | |
| 92837TAA0 | AUSTIN BIDCO INC 7.12500 12/15/2028 | US | 15,000 | $15,656.25 | |
| 929160109 | VULCAN MATERIALS CO | US | VMC | 25,643 | $3,803,113.33 |
| 93065PAA9 | WBHT 2019-WBM A FLT 1.20900 12/15/2033 | US | 15,000 | $14,588.49 | |
| 931142103 | WAL MART STORES | US | WMT | 2,724 | $392,664.60 |
| 94106L109 | WASTE MANAGEMENT INC | US | WM | 867 | $102,245.31 |
| 949746101 | WELLS FARGO COMPANY | US | WFC | 5,561 | $167,830.98 |
| 95040Q104 | WELLTOWER INC. | US | WELL | 1,522 | $98,351.64 |
| 955306105 | WEST PHARMACEUTICAL SERVICES | US | WST | 6,661 | $1,887,127.91 |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 65,000 | $70,947.50 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 403,000 | $459,837.74 | |
| 98311A105 | WYNDHAM HOTELS & RESORTS INC | US | WH | 1,535 | $91,240.40 |
| 98978V103 | ZOETIS INC | US | ZTS | 9,920 | $1,641,760.00 |
| B02J639 | ADMIRAL GROUP PLC | GB | ADM LN | 17,850 | $705,822.08 |
| B1KFX13 | GRUPO AEROPORTUARIO DEL CENT | MX | OMAB MM | 23,800 | $153,531.80 |
| B1Y47Y7 | GERRESHEIMER AG | DE | GXI GR | 1,700 | $183,325.50 |
| B1Y9TB3 | DANONE | FR | BN FP | 6,441 | $423,857.47 |
| B3QJ0H8 | TOURMALINE OIL CORP | CA | TOU CN | 40,905 | $551,441.43 |
| B4YVF56 | BRENNTAG AG | DE | BNR GR | 52,200 | $4,059,152.05 |
| B63QM77 | NEXON CO LTD | JP | 3659 JP | 162,400 | $5,010,836.84 |
| BBQ3850 | KEYWORDS STUDIOS PLC | IE | KWS LN | 4,621 | $180,449.93 |
| BD6K457 | COMPASS GROUP PLC | GB | CPG LN | 11,140 | $207,776.12 |
| BFZZM64 | S4 CAPITAL PLC | GB | SFOR LN | 55,195 | $377,395.81 |
| BGHQ198 | HIBERNIA REIT PLC | IE | HBRN ID | 48,936 | $68,989.19 |
| BHJYC05 | INTERCONTINENTAL HOTELS GROUP | GB | IHG LN | 1,630 | $105,648.54 |
| BJ2KSG2 | AKZO NOBEL | NL | AKZA NA | 1,441 | $154,669.16 |
| BK0939417 | AMERICAN TANKER INC 7.75000 07/02/2025 | US | 85,000 | $85,174.25 | |
| BMMV2K8 | TENCENT HOLDINGS LTD | CN | 700 HK | 95,334 | $6,859,643.39 |
| BMXKJ81 | FLAGSHIP COMMUNITIES REIT UT | US | MHC/U CN | 4,192 | $61,873.92 |
| BNGN9Z1 | FINECOBANK SPA | IT | FBK IM | 47,010 | $775,289.84 |
| BP9DL90 | INDUSTRIA DE DISENO TEXTIL | ES | ITX SM | 12,335 | $391,510.88 |
| BVYVFW2 | AUTO TRADER GROUP PLC | GB | AUTO LN | 27,520 | $224,005.57 |
| BW1YVH8 | WALMART DE MEXICO SAB DE CV | MX | WALMEX* MM | 12,578 | $35,333.06 |
| BYPC1T4 | ASSA ABLOY AB-B | SE | ASSAB SS | 8,400 | $207,580.92 |
| BYYHL23 | ANHEUSER-BUSCH INBEV SA/NV | BE | ABI BB | 37,287 | $2,601,392.74 |
| BZ0VW78 | BINGO INDUSTRIES LTD | AU | BIN AU | 105,770 | $198,117.64 |
| BZ1HM42 | ADYEN NV | NL | ADYEN NA | 80 | $185,883.34 |
| G0772R208 | BANK OF N.T. BUTTERFIELD&SON | BM | NTB | 6,214 | $193,628.24 |
| G1151C101 | ACCENTURE PLC - CL A | IE | ACN | 640 | $167,174.40 |
| G29183103 | EATON CORP PLC | US | ETN | 892 | $107,164.88 |
| G51502105 | JOHNSON CONTROLS INTERNATIONAL | US | JCI | 1,979 | $92,201.61 |
| G5494J103 | LINDE PLC | GB | LIN | 592 | $155,997.92 |
| G5960L103 | MEDTRONIC INC | IE | MDT | 47,834 | $5,603,274.76 |
| G85158106 | STONECO LTD-A | BR | STNE | 5,162 | $433,195.04 |
| G8994E103 | TRANE TECHNOLOGIES | IE | TT | 1,674 | $242,997.84 |
| G97822103 | PERRIGO CO PLC | IE | PRGO | 6,475 | $289,562.00 |
| H01301128 | ALCON INC | CH | ALC | 43,154 | $2,847,300.92 |
| H1467J104 | CHUBB LTD | CH | CB | 773 | $118,980.16 |
| H2906T109 | GARMIN LTD | CH | GRMN | 399 | $47,744.34 |
| N53745100 | LYONDELLBASELL INDU-CL A | US | LYB | 844 | $77,361.04 |
| ZO1818103 | NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 | MH | 150,000 | $154,500.00 | |
| ZO4110185 | BROOGE PETROLEUM AND GAS 8.50000 09/24/2025 | AE | 200,000 | $190,129.29 |
Investments will change over time.
Distributions
- Pro-Blend® Maximum Term Series Class S Distribution History
- 2020 Distribution Calendar
- Fourth Quarter 2020 Distributions
- Third Quarter 2020 Distributions
- Second Quarter 2020 Distributions
- First Quarter 2020 Distributions
- Tax Letter
- Target 2045 Merger into Pro Blend Maximum
- Target 2050 Merger into Pro Blend Maximum
- Target 2055 Merger into Pro Blend Maximum
- Target 2060 Merger into Pro Blend Maximum
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.
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