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To provide long-term total return, with a secondary objective of providing preservation of capital.
Under normal circumstances, at least 80% of the Series’ assets will be invested in bonds and other financial instruments with economic characteristics similar to bonds.
Up to 50% of the Series may be invested in below investment-grade securities and up to 50% may be invested in non-U.S. dollar denominated securities, including securities issued by companies located in emerging markets. Derivatives such as futures, options, swaps, and forwards may be used to manage interest rate exposure, enhance duration management, or hedge currency exposure, for example.
While there are no maturity or duration restrictions, the Series’ duration is expected to range between -3 and 8 years.
$10.70
-$0.01
-0.09%
as of 09/24/2020
EXCPX
563821206
04/21/2005
$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.
| Summary Prospectus | |
| Prospectus | |
| Statement of Additional Information | |
| Annual Report | |
| Semi-Annual Report | |
| Fact Sheet | |
| Applications & Forms |
As of 08/31/2020
4.30%
5.93%
3.32%
3.14%
3.46%
4.52%
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.
| Gross | 0.77% |
| Net | 0.76%* |
*Includes a 12b-1 fee of 0.25%, of which up to 0.25% is available as a shareholder servicing fee.
As of 08/31/2020
| TSY INFL IX N/B 0.12500 04/15/2025 | 5.42% |
| AT&T INC 4.25000 03/01/2027 | 1.75% |
| BUONI POLIENNALI DEL TES 2.45000 09/01/2050 | 1.66% |
| AMERICAN TOWER CORP 3.80000 08/15/2029 | 1.58% |
| ITALY GOV'T INT BOND 2.37500 10/17/2024 | 1.54% |
| VERIZON COMMUNICATIONS 5.25000 03/16/2037 | 1.52% |
| PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 | 1.47% |
| TENNESEE GAS PIPELINE 7.00000 03/15/2027 | 1.39% |
| BOOKING HOLDINGS INC 3.60000 06/01/2026 | 1.38% |
| SABINE PASS LIQUEFACTION 5.75000 05/15/2024 | 1.33% |
Top Ten Investments list is unaudited and excludes cash.
As of 08/31/2020
| Treasury | 4.96% |
| Government | 4.51% |
| Cash | 8.41% |
| Corporate | 46.11% |
| Mortgage | 36.01% |
As of 08/31/2020
| AAA | 34.90% |
| AA | 2.22% |
| A | 7.10% |
| BBB | 21.81% |
| BB | 11.49% |
| B | 8.94% |
| CCC | 1.71% |
| D | 0.42% |
| NR | 11.41% |
Credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Not Rated (NR) is used to classify securities for which a rating is not available. Credit quality ratings for each issue are obtained from Bloomberg using ratings derived from Moody’s Investors Services (Moody’s) or Standard & Poor’s. When ratings from Moody’s are not available, ratings from Standard & Poor’s are used.
As of 08/31/2020
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 9,000,000 | $10,550,659.14 | |
| 00653VAA9 | ADAPTHEALTH LLC 6.12500 08/01/2028 | US | 2,375,000 | $2,487,812.50 | |
| 00791GAA5 | AG MERGER SUB II INC 10.75000 08/01/2027 | US | 2,414,000 | $2,462,280.00 | |
| 01166WAA5 | ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 2,690,000 | $2,792,673.53 | |
| 013822AC5 | ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 | NL | 1,480,000 | $1,598,400.00 | |
| 02406PBA7 | AMERICAN AXLE & MFG INC 6.87500 07/01/2028 | US | 1,605,000 | $1,671,543.30 | |
| 03027XAW0 | AMERICAN TOWER CORP 3.80000 08/15/2029 | US | 8,250,000 | $9,543,303.66 | |
| 03217CAA4 | AMS AG 7.00000 07/31/2025 | AT | 3,950,000 | $4,108,000.00 | |
| 03690AAD8 | ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 | US | 2,200,000 | $1,963,500.00 | |
| 03690AAF3 | ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 | US | 1,555,000 | $1,387,837.50 | |
| 05367AAD5 | AVIATION CAPITAL GROUP 6.75000 04/06/2021 | US | 3,750,000 | $3,821,943.94 | |
| 05401AAJ0 | AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 | KY | 9,000,000 | $7,738,010.10 | |
| 059438AK7 | BANK ONE CORP 8.00000 04/29/2027 | US | 3,000,000 | $4,151,928.93 | |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 7,000,000 | $7,844,679.01 | |
| 071734AH0 | BAUSCH HEALTH COS INC 5.00000 01/30/2028 | CA | 1,960,000 | $1,935,500.00 | |
| 105756BV1 | FED REPUBLIC OF BRAZIL 4.25000 01/07/2025 | BR | 1,300,000 | $1,402,063.00 | |
| 11680JAA0 | BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 | US | 4,940,000 | $9,682.40 | |
| 12510GAB8 | CCG 2019-1 A2 2.80000 09/14/2026 | US | 4,210,047.86 | $4,285,308.78 | |
| 12530MAA3 | SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 4,000,000 | $4,058,730.00 | |
| 12530MAC9 | SORT 2020-1 B1 2.28000 07/15/2060 | US | 2,000,000 | $2,038,223.20 | |
| 12555DAA3 | CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 709,196.72 | $734,678.73 | |
| 12654TAA8 | CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 | US | 1,150,000 | $1,151,702.00 | |
| 131477AT8 | CALUMET SPECIALTY PROD 11.00000 04/15/2025 | US | 3,245,000 | $3,082,750.00 | |
| 133131AZ5 | CAMDEN PROPERTY TRUST 2.80000 05/15/2030 | US | 3,225,000 | $3,537,856.61 | |
| 14314WAD3 | CARMX 2017-3 A3 1.97000 04/15/2022 | US | 985,473.2 | $989,784.05 | |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 2,558,995.26 | $2,537,387.62 | |
| 15135UAS8 | CENOVUS ENERGY INC 5.37500 07/15/2025 | CA | 65,000 | $66,161.44 | |
| 165183AL8 | CFII 2017-2A A1 1.99000 05/15/2029 | US | 433,220.34 | $434,707.20 | |
| 172967KA8 | CITIGROUP INCA 4.45000 09/29/2027 | US | 3,700,000 | $4,301,378.54 | |
| 17327XAA5 | CGCMT 2019-SST2 1.08188 12/15/2036 | US | 7,000,000 | $6,873,710.20 | |
| 20268CAA6 | CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 | US | 5,134,603.59 | $5,292,496.24 | |
| 21872FAA5 | COLONY AMERICAN FINANCE LTD 3.32400 03/15/2052 | US | 4,929,473.26 | $5,267,106.19 | |
| 21872NAA8 | CAFL 2019-3 A 2.70500 10/15/2052 | US | 3,214,886.62 | $3,373,250.33 | |
| 22534BAA2 | CAALT 2018-1A A MTGE 3.01000 02/16/2027 | US | 3,102,691.85 | $3,117,303.36 | |
| 22535AAA3 | CAALT 2019-1A A 3.33000 02/15/2028 | US | 4,050,000 | $4,161,265.25 | |
| 22535FAA2 | CAALT 2018-2A A Mtge 3.47000 05/17/2027 | US | 6,113,933.91 | $6,177,398.38 | |
| 22822VAN1 | CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 5,000,000 | $5,495,671.70 | |
| 22822VAR2 | CROWN CASTLE INTL CORP 3.30000 07/01/2030 | US | 1,850,000 | $2,060,963.10 | |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 363,979.19 | $373,129.34 | |
| 23291GAB0 | DLL 2019-DA1 A2 MTGE 2.79000 11/22/2021 | US | 756,287.31 | $758,136.73 | |
| 23343GAA0 | DTAOT 2019-1A A MTGE 3.08000 09/15/2022 | US | 279,362.79 | $279,666.15 | |
| 24704BAC8 | DEFT 2019-1 A2 2.78000 08/23/2021 | US | 2,397,582.57 | $2,409,221.87 | |
| 254687FW1 | WALT DISNEY COMPANY/THE 2.20000 01/13/2028 | US | 1,600,000 | $1,693,084.22 | |
| 25470DAR0 | DISCOVERY COMMUNICATIONS 3.95000 03/20/2028 | US | 5,000,000 | $5,661,895.25 | |
| 25470DAT6 | DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 | US | 3,725,000 | $4,467,784.48 | |
| 25746UDG1 | DOMINION ENERGY 3.37500 04/01/2030 | US | 2,750,000 | $3,130,387.48 | |
| 25787GAC4 | DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 | US | 2,190,000 | $2,277,600.00 | |
| 26150TAA7 | DRAWBRIDGE SPEC OPPOR FU 5.00000 08/01/2021 | US | 2,755,000 | $2,768,682.46 | |
| 262006208 | DREYFUS GVT CSH MANAGEMENT | US | 55,446,638.79 | $55,446,638.79 | |
| 26252TAA4 | DTAOT 2019-2A A 2.85000 09/15/2022 | US | 548,074.58 | $550,568.26 | |
| 26253KAA2 | DTAOT 2019-3A A 2.55000 08/15/2022 | US | 679,363.73 | $682,082.95 | |
| 26439XAC7 | DCP MIDSTREAM OPERATING 8.12500 08/16/2030 | US | 1,975,000 | $2,345,312.50 | |
| 26884LAG4 | EQT CORP 8.75000 02/01/2030 | US | 1,535,000 | $1,838,162.50 | |
| 28166GAA3 | EDVES 2019-A A MTGE 3.58000 11/25/2038 | US | 3,529,177.92 | $3,752,431.60 | |
| 29373FAB0 | EFF 2018 -2 A2 MTGE 3.14000 02/20/2024 | US | 2,294,889.69 | $2,320,454.07 | |
| 29374AAB0 | EFF 2019-1 A2 2.98000 10/20/2024 | US | 1,709,242.77 | $1,741,306.63 | |
| 30262SAR9 | FREMF 2015-K42 B FLT 3.98209 12/25/2024 | US | 1,900,000 | $2,053,595.24 | |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 1,435,000 | $1,291,500.00 | |
| 30286XAN9 | FREMF 2015-K43 B FLT 3.86095 02/25/2048 | US | 1,500,000 | $1,632,107.40 | |
| 30291HAA5 | FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 83,847,218.6 | $157,766.93 | |
| 30291XAE2 | FREMF 2014-K715 B FLT 4.11951 02/25/2046 | US | 2,185,000 | $2,198,963.68 | |
| 30291YAJ9 | FREMF 2014-K716 B FLT 4.08073 08/25/2047 | US | 2,550,000 | $2,588,989.50 | |
| 302957AQ8 | FREMF MORTGAGE TRUST 4.20673 07/25/2036 | US | 4,000,000 | $3,678,941.60 | |
| 302967AQ7 | FREMF MORTGAGE TRUST 4.51007 11/25/2033 | US | 3,500,000 | $3,215,303.70 | |
| 3128E5VC0 | FHLM POOL D98711 4.50000 07/01/2031 | US | 415,282.82 | $457,579.23 | |
| 3128LCD86 | FHLM POOL A78227 5.50000 06/01/2038 | US | 153,564.2 | $177,110.42 | |
| 3128M56M7 | FHLM POOL G04176 5.50000 05/01/2038 | US | 145,951.04 | $169,131.66 | |
| 3128M73H7 | FHLM POOL G05900 6.00000 03/01/2040 | US | 59,158.85 | $69,614.24 | |
| 3128M9ZU9 | FHLM POOL G07655 5.50000 12/01/2035 | US | 347,341.57 | $407,887.82 | |
| 3128MB4Q7 | FHLM POOL G13331 5.50000 10/01/2023 | US | 4,799.25 | $4,987.84 | |
| 3128MBDP9 | FHLM POOL G12610 6.00000 03/01/2022 | US | 8,105.45 | $8,266.11 | |
| 3128MBE45 | FHLM POOL G12655 6.00000 05/01/2022 | US | 5,682.54 | $5,815.96 | |
| 3128MBRH2 | FHLM POOL G12988 6.00000 01/01/2023 | US | 5,781.67 | $5,984.44 | |
| 3128MBUB1 | FHLM POOL G13078 6.00000 03/01/2023 | US | 8,934.55 | $9,231.99 | |
| 3128P75F6 | FHLM POOL C91746 4.50000 12/01/2033 | US | 346,790.06 | $381,904.09 | |
| 3128P7QL0 | FHLM POOL C91359 4.50000 02/01/2031 | US | 144,845.4 | $159,537.90 | |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 1,563,313.02 | $1,624,024.59 | |
| 3137ADTK3 | FHMS K014 X1 FLT 1.32366 04/25/2021 | US | 6,807,560.4 | $27,980.43 | |
| 3137AJMG6 | FMHS K016 X1 FLT 1.63779 10/25/2021 | US | 4,185,268.45 | $53,354.22 | |
| 3137AME78 | FHMS K017 X1 FLT 1.43314 12/25/2021 | US | 29,947,493.79 | $330,949.75 | |
| 3137AUPF0 | FHMS K021 x1 FLT 1.54441 06/25/2022 | US | 16,160,352.46 | $314,646.91 | |
| 3137B3NB0 | FHMS K030 X1 FLT 0.28647 04/25/2023 | US | 54,214,113.9 | $223,215.77 | |
| 3137B4GZ3 | FHMS K032 X1 FLT 0.20559 05/25/2023 | US | 31,858,505.71 | $89,939.75 | |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 1,558,168.63 | $1,590,681.06 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 971,795.23 | $984,975.40 | |
| 3137FRUV1 | FHMS K106 X1 MTGE 1.47770 01/25/2030 | US | 53,969,985.21 | $5,917,522.84 | |
| 3138WDJY8 | FEDERAL NATL MTG ASSN AS3878 4.50000 11/01/2044 | US | 751,947.56 | $835,022.31 | |
| 3138XU4Y5 | FEDERAL NATL MTG ASSN AW5338 4.50000 06/01/2044 | US | 720,911.45 | $804,892.40 | |
| 3140FTWF4 | FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 | US | 270,728.23 | $294,527.89 | |
| 31410FSE6 | FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 | US | 4,407.74 | $4,470.97 | |
| 31410FV51 | FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 | US | 5,661.11 | $5,756.22 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 22,892.08 | $23,072.88 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 25,248.02 | $25,480.14 | |
| 31410KLD4 | FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 | US | 129,536.98 | $149,913.52 | |
| 31411YN90 | FEDERAL NATL MTG ASSN 918516 5.50000 06/01/2037 | US | 77,974.33 | $90,040.53 | |
| 31416BSW9 | FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 | US | 220.98 | $222.07 | |
| 31416BVW5 | FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 | US | 13,995.04 | $14,112.65 | |
| 31416CJV9 | FEDERAL NATL MTG ASSN 995876 6.00000 11/01/2038 | US | 342,311.26 | $401,682.32 | |
| 31416RBE2 | FEDERAL NATL MTG ASSN AA7236 4.00000 06/01/2039 | US | 680,151.33 | $749,710.44 | |
| 31417YDV6 | FHLM POOL MA0115 4.50000 07/01/2029 | US | 56,889.59 | $61,899.54 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 218,753.01 | $240,984.76 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 129,088.55 | $149,778.20 | |
| 31418MQQ8 | FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 | US | 10,656.94 | $11,238.60 | |
| 315786AC7 | FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 | US | 2,365,000 | $2,607,412.50 | |
| 33834YAA6 | FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 | US | 2,405,000 | $2,417,025.00 | |
| 34461LAA2 | FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 4,480,000 | $4,588,917.76 | |
| 34531HAD1 | FORDO 2017-B A3 MTGE 1.69000 11/15/2021 | US | 29,328.94 | $29,361.95 | |
| 345370CX6 | FORD MOTOR COMPANY 9.62500 04/22/2030 | US | 2,060,000 | $2,700,196.50 | |
| 345397XU2 | FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 | US | 1,375,000 | $1,398,815.00 | |
| 346232AE1 | FORESTAR GROUP INC 5.00000 03/01/2028 | US | 1,565,000 | $1,581,244.70 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 1,605,000 | $1,556,850.00 | |
| 34960PAC5 | FORTRESS TRANS & INFRAST 9.75000 08/01/2027 | US | 1,520,000 | $1,620,730.40 | |
| 35166FAA0 | FOXTROT ESCROW ISSUER 12.25000 11/15/2026 | US | 1,420,000 | $1,550,029.40 | |
| 36166LAA5 | GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 | AE | 2,080,000 | $2,007,200.00 | |
| 36237HAA9 | G-III APPAREL GROUP LTD 7.87500 08/15/2025 | US | 2,410,000 | $2,394,937.50 | |
| 36255XAA1 | GCAR 2018-3A A MTGE 3.35000 08/15/2022 | US | 211,777.52 | $212,475.35 | |
| 36257NAA1 | GCAR 2019-2A A MTGE 3.06000 04/17/2023 | US | 951,081.35 | $960,617.56 | |
| 37255LAA5 | GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 | US | 2,405,000 | $2,534,581.40 | |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 1,855,000 | $1,815,581.25 | |
| 38217TAA3 | GOODG 2020-1A MTGE 2.63000 04/15/2055 | US | 4,999,715.19 | $5,034,970.18 | |
| 39154TAV0 | GALC 2019-1 A2 2.97000 06/15/2021 | US | 807,588.49 | $810,400.35 | |
| 418751AD5 | HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 | US | 1,640,000 | $1,648,200.00 | |
| 428041BD8 | HFLF 2018-1 A2 MTGE 3.23000 05/10/2032 | US | 3,551,877.01 | $3,571,533.10 | |
| 431571AB4 | HILLENBRAND INC 4.50000 09/15/2026 | US | 2,505,000 | $2,686,612.50 | |
| 443201AA6 | HOWMET AEROSPACE INC 6.87500 05/01/2025 | US | 1,980,000 | $2,250,614.06 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 1,535,000 | $1,676,987.50 | |
| 44932NAB6 | HART 2019-A A2 2.67000 12/15/2021 | US | 659,299.63 | $661,415.32 | |
| 450913AE8 | IAMGOLD CORP 7.00000 04/15/2025 | CA | 2,180,000 | $2,289,000.00 | |
| 45569LAA9 | INDIGO NATURAL RES LLC 6.87500 02/15/2026 | US | 1,295,000 | $1,324,137.50 | |
| 45682RAA8 | INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 | AU | 3,425,000 | $3,253,750.00 | |
| 46116VAE5 | INTL FC STORE INC 8.62500 06/15/2025 | US | 3,670,000 | $3,972,775.00 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 1.01188 12/17/2036 | US | 453,138.6 | $449,787.10 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 1.31188 12/17/2036 | US | 400,000 | $399,319.52 | |
| 46284VAN1 | IRON MOUNTAIN INC 4.50000 02/15/2031 | US | 1,645,000 | $1,688,378.65 | |
| 465410BX5 | ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 9,000,000 | $9,307,940.76 | |
| 46567TAA2 | ITHACA ENERGY NORTH 9.37500 07/15/2024 | GB | 1,200,000 | $1,158,024.00 | |
| 46635GAE0 | JP MORGAN CHASE COMMERCIAL MORTG 4.06980 11/15/2043 | US | 317,762.58 | $317,414.98 | |
| 46639GAL0 | JPMMT 2013-1 1A2 3.00000 03/25/2043 | US | 285,207.27 | $290,265.14 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 321,578.67 | $336,193.75 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 523,835.91 | $529,856.41 | |
| 46647SAJ9 | JPMMT 2017-3 1A5 3.50000 08/25/2047 | US | 922,626.35 | $926,157.89 | |
| 47789JAB2 | JDOT 2019-A A2 2.85000 12/15/2021 | US | 482,999.23 | $484,415.82 | |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 4,120,000 | $576,800.00 | |
| 48088LAB3 | JOSEPH T RYERSON & SON 8.50000 08/01/2028 | US | 1,500,000 | $1,638,750.00 | |
| 487526AB1 | KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 | US | 2,400,000 | $2,610,000.00 | |
| 505742AG1 | LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 | US | 2,530,000 | $2,403,500.00 | |
| 51889RAB5 | LRK 2019-A A2FX Mtge 2.73000 10/25/2048 | US | 1,921,610.11 | $1,979,207.49 | |
| 539473AE8 | LLOYDS BANK PLC 12.00000 12/16/2024 | GB | 2,585,000 | $3,020,696.58 | |
| 541056AA5 | LOGAN MERGER SUB INC 5.50000 09/01/2027 | US | 1,310,000 | $1,335,793.90 | |
| 54238XAC2 | LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 | US | 3,485,000 | $557,600.00 | |
| 552697AQ7 | MDC PARTNERS INC 6.50000 05/01/2024 | CA | 1,860,000 | $1,776,300.00 | |
| 552848AG8 | MGIC INVESTMENT CORP 5.25000 08/15/2028 | US | 2,405,000 | $2,525,250.00 | |
| 57109HAA0 | MFT 2019-2A A MTGE 3.13000 07/16/2029 | US | 1,553,327.22 | $1,569,551.26 | |
| 577128AA9 | MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 | US | 520,000 | $491,400.00 | |
| 59022CAA1 | BANK OF AMERICA CORP 1.07338 09/15/2026 | US | 3,561,000 | $3,496,365.18 | |
| 59166EAA3 | MST 2019-1A A MTGE 3.75000 04/25/2058 | US | 1,600,277.2 | $1,748,614.25 | |
| 61965RAA3 | MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 | US | 2,395,000 | $1,640,575.00 | |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 995,000 | $726,350.00 | |
| 62913TAJ1 | NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 | US | 1,595,000 | $1,164,350.00 | |
| 62954NAA3 | NYCTL 2018-A A 3.22000 11/10/2031 | US | 623,549.16 | $627,764.48 | |
| 63938CAD0 | NAVIENT CORP 6.62500 07/26/2021 | US | 940,000 | $963,500.00 | |
| 63938CAH1 | NAVIENT CORP 6.75000 06/25/2025 | US | 1,410,000 | $1,469,925.00 | |
| 63938EAC8 | NAVSL 2014-1 A3 FLT 0.68513 06/25/2031 | US | 5,483,638.49 | $5,295,457.02 | |
| 63938NAF1 | NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 | MH | 865,000 | $936,362.50 | |
| 63940YAA4 | NAVSL 2019-CA A1 2.82000 02/15/2068 | US | 1,074,029.45 | $1,079,753.38 | |
| 63941LAA1 | NAVSL 2019-BA A1 0.56188 12/15/2059 | US | 1,444,519.07 | $1,442,655.50 | |
| 63941MAA9 | NAVSL 2019-EA A1 2.39000 05/15/2068 | US | 4,434,678.45 | $4,469,425.49 | |
| 63941RAB6 | NAVSL 2019-2A A2 1.17513 02/27/2068 | US | 5,540,000 | $5,581,185.47 | |
| 63942FAB1 | NAVSL 2020-1A A1B 1.19925 06/25/2069 | US | 3,000,000 | $3,026,416.50 | |
| 644393AA8 | NEW FORTRESS ENERGY INC 6.75000 09/15/2025 | US | 3,175,000 | $3,221,672.50 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 448,630.22 | $480,285.43 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 715,915.79 | $772,910.71 | |
| 64830DAB9 | NRZT 2019-2A A1 4.25000 12/25/2057 | US | 3,627,075.8 | $3,897,757.58 | |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 5,870,000 | $93,920.00 | |
| 67401PAB4 | OAKTREE SPECIALTY LEND 3.50000 02/25/2025 | US | 1,065,000 | $1,072,100.93 | |
| 674599EA9 | OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 | US | 1,530,000 | $1,728,900.00 | |
| 675232AB8 | OCEANEERING INTL INC 6.00000 02/01/2028 | US | 2,430,000 | $1,533,330.00 | |
| 682189AQ8 | ON SEMICONDUCTOR CORP 3.87500 09/01/2028 | US | 1,550,000 | $1,617,394.00 | |
| 68555PAA8 | ORBCOMM INC 8.00000 04/01/2024 | US | 2,410,000 | $2,343,725.00 | |
| 69144AAA7 | OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 6,300,000 | $6,390,675.27 | |
| 69144AAB5 | OXFIN 2020-1A B 4.03700 02/15/2028 | US | 400,000 | $395,762.72 | |
| 69145AAB4 | OXFIN 2019-1A A2 4.45900 02/15/2027 | US | 7,235,000 | $7,411,302.48 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 520,000 | $495,492.40 | |
| 69327RAJ0 | PDC ENERGY INC 5.75000 05/15/2026 | US | 1,510,000 | $1,544,730.00 | |
| 69354NAC0 | PRA GROUP INC 7.37500 09/01/2025 | US | 2,270,000 | $2,419,593.00 | |
| 69375BAC1 | PSMC 2019-3 A3 MTGE 3.50000 11/25/2049 | US | 2,411,003.16 | $2,461,371.19 | |
| 719245AD4 | PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 | US | 4,450,000 | $4,089,817.00 | |
| 741503AZ9 | BOOKING HOLDINGS INC 3.60000 06/01/2026 | US | 7,450,000 | $8,363,600.58 | |
| 74166MAE6 | PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 | US | 1,542,000 | $1,619,100.00 | |
| 74331AAA0 | 2019- SFR4 CLASS A 2.68700 10/17/2036 | US | 3,800,000 | $3,910,899.96 | |
| 74333KAA6 | PROG 2017-SFR2 A 2.89700 12/17/2034 | US | 1,646,934.52 | $1,653,473.01 | |
| 74333NAA0 | PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 | US | 8,587,768.12 | $8,892,677.69 | |
| 750236AW1 | RADIAN GROUP INC 4.87500 03/15/2027 | US | 2,778,000 | $2,786,334.00 | |
| 778296AE3 | ROSS STORES INC 5.45000 04/15/2050 | US | 1,195,000 | $1,536,542.66 | |
| 78397AAA2 | SCFET 2019-1A A1 3.04000 03/20/2023 | US | 501,649.13 | $502,286.93 | |
| 78403DAN0 | SBA TOWER TRUST 2.83600 01/15/2025 | US | 3,500,000 | $3,657,496.15 | |
| 78403DAP5 | SBA TOWER TRUST 1.88400 01/15/2026 | US | 2,750,000 | $2,768,588.08 | |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 5,336,000 | $5,496,080.00 | |
| 78449TAA9 | SMB 2019-A A1 0.51188 02/16/2026 | US | 456,206.19 | $455,952.45 | |
| 78449XAA0 | SMB 2020-BA A1A 1.29000 07/15/2053 | US | 3,000,000 | $2,996,421.60 | |
| 78472CAA6 | SCLP 2019-1 A 3.24000 02/25/2028 | US | 1,358,953 | $1,373,587.97 | |
| 785592AJ5 | SABINE PASS LIQUEFACTION 5.75000 05/15/2024 | US | 7,000,000 | $8,009,358.91 | |
| 81745BAB1 | SEMT 2013-6 A2 3.00000 05/25/2043 | US | 3,780,616.94 | $3,955,332.86 | |
| 81745CAB9 | SEMT 2013-7 A2 3.00000 06/25/2043 | US | 368,228.63 | $378,748.52 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 484,813.23 | $498,742.16 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 417,332.72 | $420,392.10 | |
| 81748MAD0 | SEMT 2020-1 A4 3.50000 02/25/2050 | US | 2,352,095.65 | $2,383,974.07 | |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 655,360.2 | $673,121.05 | |
| 83402DAC5 | SOFI 2016-C A2B 2.36000 12/27/2032 | US | 227,500.3 | $229,621.15 | |
| 83404JAA4 | SCLP 2017-3 A MTGE 2.77000 05/25/2026 | US | 584,163.66 | $587,863.69 | |
| 83404RAA6 | SOFI 2018-B A1FX 2.64000 08/25/2047 | US | 311,438.09 | $311,784.38 | |
| 83404WAA5 | SOFI 2019-B A1FX 2.78000 08/17/2048 | US | 1,550,271.41 | $1,559,488.70 | |
| 83404YAA1 | SCLP 2016-5 A 3.06000 09/25/2028 | US | 36,842.38 | $36,913.47 | |
| 83405JAA3 | SCLP 2017-4 A 2.50000 05/26/2026 | US | 250,482.45 | $252,549.11 | |
| 83405TAA1 | SCLP 2019-3 A MTGE 2.90000 05/25/2028 | US | 972,016.61 | $983,880.46 | |
| 83406CAA7 | SCLP 2019-2 A MTGE 3.01000 04/25/2028 | US | 1,421,229.14 | $1,437,643.63 | |
| 844741BJ6 | SOUTHWEST AIRLINES CO 5.25000 05/04/2025 | US | 3,000,000 | $3,274,288.65 | |
| 85172FAN9 | SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 | US | 1,535,000 | $1,761,404.83 | |
| 85571BAL9 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 2,400,000 | $2,310,000.00 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 1.63188 11/15/2027 | US | 1,777,114.94 | $1,244,370.89 | |
| 861036AA9 | STL HOLDING CO LLC 7.50000 02/15/2026 | US | 2,170,000 | $2,197,125.00 | |
| 86212XAA8 | STR 2019-1 A1 MTGE 2.82000 11/20/2049 | US | 2,461,407.2 | $2,485,708.67 | |
| 86935CAA0 | SCML 2019-SBC8 2.86000 04/25/2041 | US | 3,477,031.31 | $3,504,635.46 | |
| 872540AR0 | TJX COS INC 3.50000 04/15/2025 | US | 2,750,000 | $3,070,308.15 | |
| 87422VAJ7 | TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 | US | 2,500,000 | $2,583,475.00 | |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 214,465.12 | $214,899.39 | |
| 880451AS8 | TENNESEE GAS PIPELINE 7.00000 03/15/2027 | US | 6,775,000 | $8,417,952.27 | |
| 880451AV1 | TENNESEE GAS PIPELINE 7.00000 10/15/2028 | US | 2,225,000 | $2,874,015.43 | |
| 88167AAK7 | TEVA PHARMACEUTICALS NE 6.75000 03/01/2028 | NL | 1,600,000 | $1,744,000.00 | |
| 89052KAA3 | TOORAK MORTGAGE CORP 4.45830 03/25/2022 | US | 5,000,000 | $5,109,041.00 | |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 977,116.65 | $997,744.95 | |
| 89173FAA8 | TPMT 2017-1 A1 2.75000 10/25/2056 | US | 3,366,255.89 | $3,461,102.17 | |
| 89175VAA1 | TPMT 2018-2 A1 3.25000 03/25/2058 | US | 1,320,340.99 | $1,396,949.81 | |
| 89177EAA7 | TPMT 2019-HY1 A1 1.17513 10/25/2048 | US | 3,261,109.66 | $3,254,321.99 | |
| 892231AA9 | TOWNSQUARE MEDIA INC 6.50000 04/01/2023 | US | 2,530,000 | $2,333,925.00 | |
| 89613BAA5 | TAH 2016-SFR1 A 2.58900 11/17/2033 | US | 2,276,482.08 | $2,282,474.46 | |
| 89613GAC0 | TAH 2020-SFR1 C 2.24900 07/17/2038 | US | 2,500,000 | $2,540,685.00 | |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 4,340,000 | $4,177,250.00 | |
| 91086QBG2 | UNITED MEXICAN STATES 4.12500 01/21/2026 | MX | 1,800,000 | $2,007,900.00 | |
| 912828ZJ2 | TSY INFL IX N/B 0.12500 04/15/2025 | US | 30,445,515.25 | $32,739,632.32 | |
| 92343VDU5 | VERIZON COMMUNICATIONS 5.25000 03/16/2037 | US | 6,750,000 | $9,169,314.14 | |
| 92826CAF9 | VISA INC 4.30000 12/14/2045 | US | 635,000 | $845,230.19 | |
| 92826CAK8 | VISA INC 2.70000 04/15/2040 | US | 1,215,000 | $1,312,398.18 | |
| 928668BE1 | VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 | US | 2,250,000 | $2,472,986.72 | |
| 92888DAB1 | VFET 2019-1A A2 2.90000 11/15/2021 | US | 289,742.8 | $290,849.65 | |
| 92935JBC8 | WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 | US | 1,229,102.83 | $1,239,794.80 | |
| 93065PAA9 | WBHT 2019-WBM A FLT 1.21188 12/15/2033 | US | 7,000,000 | $6,649,743.80 | |
| 95081QAP9 | WESCO DISTRIBUTION INC 7.25000 06/15/2028 | US | 2,305,000 | $2,571,192.93 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 1,722,000 | $1,868,370.00 | |
| 966387AH5 | WHITING PETROLEUM CORP 5.75000 03/15/2021 | US | 6,670,000 | $1,500,750.00 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 4,000,000 | $4,419,396.20 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 383,582.82 | $394,936.91 | |
| 98162VAB5 | WOART 2019-B A2 MTGE 2.63000 06/15/2022 | US | 1,363,615.99 | $1,370,164.48 | |
| 98162XAB1 | WOLS 2019-A A2 2.89000 11/15/2021 | US | 1,022,182.55 | $1,027,372.89 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 126,000,000 | $5,948,752.40 | |
| BBG00SDQVVY6 | US LONG BOND CBT DEC20 USZ0 | US | -105 | $116,813.55 | |
| BBG00SDQW5Z1 | US ULTRA BOND CBT DEC20 WNZ0 | US | -37 | $92,421.56 | |
| BH8295835 | SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 | SA | 1,000,000 | $1,060,040.00 | |
| BJVB695 | BUONI POLIENNALI DEL TES 2.45000 09/01/2050 | IT | 7,700,000 | $9,999,488.05 | |
| BK0939417 | AMERICAN TANKER INC 7.75000 07/02/2025 | US | 3,590,000 | $3,612,617.00 | |
| BL3427798 | TUTOR PERINI FLT 0.00000 08/14/2027 | US | 5,000,000 | $4,918,750.00 | |
| ZO1818103 | NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 | MH | 3,150,000 | $3,157,591.50 |
Investments will change over time.
All investments involve risks, including possible loss of principal. There is an inverse relationship between bond prices and interest rates; as interest rates rise, bond prices (and therefore the value of bond funds) fall. Likewise, as interest rates fall, bond prices and the value of bond funds rise. Investments in higher-yielding, lower-rated securities involve additional risks, including a higher risk of default and loss of principal. Funds that invest in foreign countries may be subject to the risks of adverse changes in foreign economic, political, regulatory and other conditions as well as risks related to the use of different financial standards. Investments in emerging markets may be more volatile than investments in more developed markets. Investments in 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.
$10.70
-$0.01
-0.09%
as of 09/24/2020
EXCPX
563821206
04/21/2005
$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.
| Summary Prospectus | |
| Prospectus | |
| Statement of Additional Information | |
| Annual Report | |
| Semi-Annual Report | |
| Fact Sheet | |
| Applications & Forms |
To provide long-term total return, with a secondary objective of providing preservation of capital.
Under normal circumstances, at least 80% of the Series’ assets will be invested in bonds and other financial instruments with economic characteristics similar to bonds.
Up to 50% of the Series may be invested in below investment-grade securities and up to 50% may be invested in non-U.S. dollar denominated securities, including securities issued by companies located in emerging markets. Derivatives such as futures, options, swaps, and forwards may be used to manage interest rate exposure, enhance duration management, or hedge currency exposure, for example.
While there are no maturity or duration restrictions, the Series’ duration is expected to range between -3 and 8 years.
As of 08/31/2020
4.30%
5.93%
3.32%
3.14%
3.46%
4.52%
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.
| Gross | 0.77% |
| Net | 0.76%* |
*Includes a 12b-1 fee of 0.25%, of which up to 0.25% is available as a shareholder servicing fee.
As of 08/31/2020
| TSY INFL IX N/B 0.12500 04/15/2025 | 5.42% |
| AT&T INC 4.25000 03/01/2027 | 1.75% |
| BUONI POLIENNALI DEL TES 2.45000 09/01/2050 | 1.66% |
| AMERICAN TOWER CORP 3.80000 08/15/2029 | 1.58% |
| ITALY GOV'T INT BOND 2.37500 10/17/2024 | 1.54% |
| VERIZON COMMUNICATIONS 5.25000 03/16/2037 | 1.52% |
| PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 | 1.47% |
| TENNESEE GAS PIPELINE 7.00000 03/15/2027 | 1.39% |
| BOOKING HOLDINGS INC 3.60000 06/01/2026 | 1.38% |
| SABINE PASS LIQUEFACTION 5.75000 05/15/2024 | 1.33% |
Top Ten Investments list is unaudited and excludes cash.
As of 08/31/2020
| Treasury | 4.96% | |
| Government | 4.51% | |
| Cash | 8.41% | |
| Corporate | 46.11% | |
| Mortgage | 36.01% |
As of 08/31/2020
| AAA | 34.90% | |
| AA | 2.22% | |
| A | 7.10% | |
| BBB | 21.81% | |
| BB | 11.49% | |
| B | 8.94% | |
| CCC | 1.71% | |
| D | 0.42% | |
| NR | 11.41% |
Credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Not Rated (NR) is used to classify securities for which a rating is not available. Credit quality ratings for each issue are obtained from Bloomberg using ratings derived from Moody’s Investors Services (Moody’s) or Standard & Poor’s. When ratings from Moody’s are not available, ratings from Standard & Poor’s are used.
As of 08/31/2020
| CUSIP | Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|---|
| 00206RDQ2 | AT&T INC 4.25000 03/01/2027 | US | 9,000,000 | $10,550,659.14 | |
| 00653VAA9 | ADAPTHEALTH LLC 6.12500 08/01/2028 | US | 2,375,000 | $2,487,812.50 | |
| 00791GAA5 | AG MERGER SUB II INC 10.75000 08/01/2027 | US | 2,414,000 | $2,462,280.00 | |
| 01166WAA5 | ALASKA AIR 2020-1 CL B 8.00000 08/15/2025 | US | 2,690,000 | $2,792,673.53 | |
| 013822AC5 | ALCOA NEDERLAND HOLDING 6.12500 05/15/2028 | NL | 1,480,000 | $1,598,400.00 | |
| 02406PBA7 | AMERICAN AXLE & MFG INC 6.87500 07/01/2028 | US | 1,605,000 | $1,671,543.30 | |
| 03027XAW0 | AMERICAN TOWER CORP 3.80000 08/15/2029 | US | 8,250,000 | $9,543,303.66 | |
| 03217CAA4 | AMS AG 7.00000 07/31/2025 | AT | 3,950,000 | $4,108,000.00 | |
| 03690AAD8 | ANTERO MIDSTREAM PART / FI 5.75000 03/01/2027 | US | 2,200,000 | $1,963,500.00 | |
| 03690AAF3 | ANTERO MIDSTREAM PART/FI 5.75000 01/15/2028 | US | 1,555,000 | $1,387,837.50 | |
| 05367AAD5 | AVIATION CAPITAL GROUP 6.75000 04/06/2021 | US | 3,750,000 | $3,821,943.94 | |
| 05401AAJ0 | AVOLON HOLDINGS FNDG LTD 3.25000 02/15/2027 | KY | 9,000,000 | $7,738,010.10 | |
| 059438AK7 | BANK ONE CORP 8.00000 04/29/2027 | US | 3,000,000 | $4,151,928.93 | |
| 06051GFM6 | BANK OF AMERICA CORP 4.00000 01/22/2025 | US | 7,000,000 | $7,844,679.01 | |
| 071734AH0 | BAUSCH HEALTH COS INC 5.00000 01/30/2028 | CA | 1,960,000 | $1,935,500.00 | |
| 105756BV1 | FED REPUBLIC OF BRAZIL 4.25000 01/07/2025 | BR | 1,300,000 | $1,402,063.00 | |
| 11680JAA0 | BRUIN E&P PARTNERS LLC 8.87500 08/01/2023 | US | 4,940,000 | $9,682.40 | |
| 12510GAB8 | CCG 2019-1 A2 2.80000 09/14/2026 | US | 4,210,047.86 | $4,285,308.78 | |
| 12530MAA3 | SORT 2020-1 A1 MTGE 1.69000 07/15/2060 | US | 4,000,000 | $4,058,730.00 | |
| 12530MAC9 | SORT 2020-1 B1 2.28000 07/15/2060 | US | 2,000,000 | $2,038,223.20 | |
| 12555DAA3 | CIM 2019-INV1 A1 4.00000 02/25/2049 | US | 709,196.72 | $734,678.73 | |
| 12654TAA8 | CNX MIDSTREAM PTR/CNX 6.50000 03/15/2026 | US | 1,150,000 | $1,151,702.00 | |
| 131477AT8 | CALUMET SPECIALTY PROD 11.00000 04/15/2025 | US | 3,245,000 | $3,082,750.00 | |
| 133131AZ5 | CAMDEN PROPERTY TRUST 2.80000 05/15/2030 | US | 3,225,000 | $3,537,856.61 | |
| 14314WAD3 | CARMX 2017-3 A3 1.97000 04/15/2022 | US | 985,473.2 | $989,784.05 | |
| 14980AAA0 | CAZENOVIA CREEK FUNDING LLC 3.56070 07/15/2030 | US | 2,558,995.26 | $2,537,387.62 | |
| 15135UAS8 | CENOVUS ENERGY INC 5.37500 07/15/2025 | CA | 65,000 | $66,161.44 | |
| 165183AL8 | CFII 2017-2A A1 1.99000 05/15/2029 | US | 433,220.34 | $434,707.20 | |
| 172967KA8 | CITIGROUP INCA 4.45000 09/29/2027 | US | 3,700,000 | $4,301,378.54 | |
| 17327XAA5 | CGCMT 2019-SST2 1.08188 12/15/2036 | US | 7,000,000 | $6,873,710.20 | |
| 20268CAA6 | CBSLT 2019-AGS A1 MTGE 2.54000 01/25/2047 | US | 5,134,603.59 | $5,292,496.24 | |
| 21872FAA5 | COLONY AMERICAN FINANCE LTD 3.32400 03/15/2052 | US | 4,929,473.26 | $5,267,106.19 | |
| 21872NAA8 | CAFL 2019-3 A 2.70500 10/15/2052 | US | 3,214,886.62 | $3,373,250.33 | |
| 22534BAA2 | CAALT 2018-1A A MTGE 3.01000 02/16/2027 | US | 3,102,691.85 | $3,117,303.36 | |
| 22535AAA3 | CAALT 2019-1A A 3.33000 02/15/2028 | US | 4,050,000 | $4,161,265.25 | |
| 22535FAA2 | CAALT 2018-2A A Mtge 3.47000 05/17/2027 | US | 6,113,933.91 | $6,177,398.38 | |
| 22822VAN1 | CROWN CASTLE INTL CORP 3.10000 11/15/2029 | US | 5,000,000 | $5,495,671.70 | |
| 22822VAR2 | CROWN CASTLE INTL CORP 3.30000 07/01/2030 | US | 1,850,000 | $2,060,963.10 | |
| 22944PAA5 | CSMC 2013-TH1 A1 2.13000 02/25/2043 | US | 363,979.19 | $373,129.34 | |
| 23291GAB0 | DLL 2019-DA1 A2 MTGE 2.79000 11/22/2021 | US | 756,287.31 | $758,136.73 | |
| 23343GAA0 | DTAOT 2019-1A A MTGE 3.08000 09/15/2022 | US | 279,362.79 | $279,666.15 | |
| 24704BAC8 | DEFT 2019-1 A2 2.78000 08/23/2021 | US | 2,397,582.57 | $2,409,221.87 | |
| 254687FW1 | WALT DISNEY COMPANY/THE 2.20000 01/13/2028 | US | 1,600,000 | $1,693,084.22 | |
| 25470DAR0 | DISCOVERY COMMUNICATIONS 3.95000 03/20/2028 | US | 5,000,000 | $5,661,895.25 | |
| 25470DAT6 | DISCOVERY COMMUNICATIONS 5.20000 09/20/2047 | US | 3,725,000 | $4,467,784.48 | |
| 25746UDG1 | DOMINION ENERGY 3.37500 04/01/2030 | US | 2,750,000 | $3,130,387.48 | |
| 25787GAC4 | DONNELLEY FINANCIAL SOL 8.25000 10/15/2024 | US | 2,190,000 | $2,277,600.00 | |
| 26150TAA7 | DRAWBRIDGE SPEC OPPOR FU 5.00000 08/01/2021 | US | 2,755,000 | $2,768,682.46 | |
| 262006208 | DREYFUS GVT CSH MANAGEMENT | US | 55,446,638.79 | $55,446,638.79 | |
| 26252TAA4 | DTAOT 2019-2A A 2.85000 09/15/2022 | US | 548,074.58 | $550,568.26 | |
| 26253KAA2 | DTAOT 2019-3A A 2.55000 08/15/2022 | US | 679,363.73 | $682,082.95 | |
| 26439XAC7 | DCP MIDSTREAM OPERATING 8.12500 08/16/2030 | US | 1,975,000 | $2,345,312.50 | |
| 26884LAG4 | EQT CORP 8.75000 02/01/2030 | US | 1,535,000 | $1,838,162.50 | |
| 28166GAA3 | EDVES 2019-A A MTGE 3.58000 11/25/2038 | US | 3,529,177.92 | $3,752,431.60 | |
| 29373FAB0 | EFF 2018 -2 A2 MTGE 3.14000 02/20/2024 | US | 2,294,889.69 | $2,320,454.07 | |
| 29374AAB0 | EFF 2019-1 A2 2.98000 10/20/2024 | US | 1,709,242.77 | $1,741,306.63 | |
| 30262SAR9 | FREMF 2015-K42 B FLT 3.98209 12/25/2024 | US | 1,900,000 | $2,053,595.24 | |
| 30264DAA7 | FS ENERGY & POWER FUND 7.50000 08/15/2023 | US | 1,435,000 | $1,291,500.00 | |
| 30286XAN9 | FREMF 2015-K43 B FLT 3.86095 02/25/2048 | US | 1,500,000 | $1,632,107.40 | |
| 30291HAA5 | FREMF 2013-K28 X2A 0.10000 06/25/2046 | US | 83,847,218.6 | $157,766.93 | |
| 30291XAE2 | FREMF 2014-K715 B FLT 4.11951 02/25/2046 | US | 2,185,000 | $2,198,963.68 | |
| 30291YAJ9 | FREMF 2014-K716 B FLT 4.08073 08/25/2047 | US | 2,550,000 | $2,588,989.50 | |
| 302957AQ8 | FREMF MORTGAGE TRUST 4.20673 07/25/2036 | US | 4,000,000 | $3,678,941.60 | |
| 302967AQ7 | FREMF MORTGAGE TRUST 4.51007 11/25/2033 | US | 3,500,000 | $3,215,303.70 | |
| 3128E5VC0 | FHLM POOL D98711 4.50000 07/01/2031 | US | 415,282.82 | $457,579.23 | |
| 3128LCD86 | FHLM POOL A78227 5.50000 06/01/2038 | US | 153,564.2 | $177,110.42 | |
| 3128M56M7 | FHLM POOL G04176 5.50000 05/01/2038 | US | 145,951.04 | $169,131.66 | |
| 3128M73H7 | FHLM POOL G05900 6.00000 03/01/2040 | US | 59,158.85 | $69,614.24 | |
| 3128M9ZU9 | FHLM POOL G07655 5.50000 12/01/2035 | US | 347,341.57 | $407,887.82 | |
| 3128MB4Q7 | FHLM POOL G13331 5.50000 10/01/2023 | US | 4,799.25 | $4,987.84 | |
| 3128MBDP9 | FHLM POOL G12610 6.00000 03/01/2022 | US | 8,105.45 | $8,266.11 | |
| 3128MBE45 | FHLM POOL G12655 6.00000 05/01/2022 | US | 5,682.54 | $5,815.96 | |
| 3128MBRH2 | FHLM POOL G12988 6.00000 01/01/2023 | US | 5,781.67 | $5,984.44 | |
| 3128MBUB1 | FHLM POOL G13078 6.00000 03/01/2023 | US | 8,934.55 | $9,231.99 | |
| 3128P75F6 | FHLM POOL C91746 4.50000 12/01/2033 | US | 346,790.06 | $381,904.09 | |
| 3128P7QL0 | FHLM POOL C91359 4.50000 02/01/2031 | US | 144,845.4 | $159,537.90 | |
| 3136B1YD0 | FNR 2018-31 KP 3.50000 07/25/2047 | US | 1,563,313.02 | $1,624,024.59 | |
| 3137ADTK3 | FHMS K014 X1 FLT 1.32366 04/25/2021 | US | 6,807,560.4 | $27,980.43 | |
| 3137AJMG6 | FMHS K016 X1 FLT 1.63779 10/25/2021 | US | 4,185,268.45 | $53,354.22 | |
| 3137AME78 | FHMS K017 X1 FLT 1.43314 12/25/2021 | US | 29,947,493.79 | $330,949.75 | |
| 3137AUPF0 | FHMS K021 x1 FLT 1.54441 06/25/2022 | US | 16,160,352.46 | $314,646.91 | |
| 3137B3NB0 | FHMS K030 X1 FLT 0.28647 04/25/2023 | US | 54,214,113.9 | $223,215.77 | |
| 3137B4GZ3 | FHMS K032 X1 FLT 0.20559 05/25/2023 | US | 31,858,505.71 | $89,939.75 | |
| 3137F4YU0 | FHR 4791 BA MTGE 4.00000 03/15/2044 | US | 1,558,168.63 | $1,590,681.06 | |
| 3137FG2L8 | FHR 4801 BA MTGE 4.50000 05/15/2044 | US | 971,795.23 | $984,975.40 | |
| 3137FRUV1 | FHMS K106 X1 MTGE 1.47770 01/25/2030 | US | 53,969,985.21 | $5,917,522.84 | |
| 3138WDJY8 | FEDERAL NATL MTG ASSN AS3878 4.50000 11/01/2044 | US | 751,947.56 | $835,022.31 | |
| 3138XU4Y5 | FEDERAL NATL MTG ASSN AW5338 4.50000 06/01/2044 | US | 720,911.45 | $804,892.40 | |
| 3140FTWF4 | FEDERAL NATL MTG ASSN BE7845 4.50000 02/01/2047 | US | 270,728.23 | $294,527.89 | |
| 31410FSE6 | FEDERAL NATL MTG ASSN 888017 6.00000 11/01/2021 | US | 4,407.74 | $4,470.97 | |
| 31410FV51 | FEDERAL NATL MTG ASSN 888136 6.00000 12/01/2021 | US | 5,661.11 | $5,756.22 | |
| 31410GCD3 | FEDERAL NATL MTG ASSN 888468 5.50000 09/01/2021 | US | 22,892.08 | $23,072.88 | |
| 31410GN33 | FEDERAL NATL MTG ASSN 888810 5.50000 11/01/2022 | US | 25,248.02 | $25,480.14 | |
| 31410KLD4 | FEDERAL NATL MTG ASSN 889624 5.50000 05/01/2038 | US | 129,536.98 | $149,913.52 | |
| 31411YN90 | FEDERAL NATL MTG ASSN 918516 5.50000 06/01/2037 | US | 77,974.33 | $90,040.53 | |
| 31416BSW9 | FEDERAL NATL MTG ASSN 995233 5.50000 10/01/2021 | US | 220.98 | $222.07 | |
| 31416BVW5 | FEDERAL NATL MTG ASSN 995329 5.50000 12/01/2021 | US | 13,995.04 | $14,112.65 | |
| 31416CJV9 | FEDERAL NATL MTG ASSN 995876 6.00000 11/01/2038 | US | 342,311.26 | $401,682.32 | |
| 31416RBE2 | FEDERAL NATL MTG ASSN AA7236 4.00000 06/01/2039 | US | 680,151.33 | $749,710.44 | |
| 31417YDV6 | FHLM POOL MA0115 4.50000 07/01/2029 | US | 56,889.59 | $61,899.54 | |
| 31418BBC9 | FEDERAL NATL MTG ASSN MA1834 4.50000 02/01/2034 | US | 218,753.01 | $240,984.76 | |
| 31418MKV3 | FEDERAL NATL MTG ASSN AD0307 5.50000 01/01/2039 | US | 129,088.55 | $149,778.20 | |
| 31418MQQ8 | FEDERAL NATL MTG ASSN AD0462 5.50000 10/01/2024 | US | 10,656.94 | $11,238.60 | |
| 315786AC7 | FIDELITY & GUARA NTY LIFE 5.50000 05/01/2025 | US | 2,365,000 | $2,607,412.50 | |
| 33834YAA6 | FIVE POINT OP CO LP/FIVE 7.87500 11/15/2025 | US | 2,405,000 | $2,417,025.00 | |
| 34461LAA2 | FONTAINEBLEAU MIAMI BEACH TRUST 3.14400 12/10/2036 | US | 4,480,000 | $4,588,917.76 | |
| 34531HAD1 | FORDO 2017-B A3 MTGE 1.69000 11/15/2021 | US | 29,328.94 | $29,361.95 | |
| 345370CX6 | FORD MOTOR COMPANY 9.62500 04/22/2030 | US | 2,060,000 | $2,700,196.50 | |
| 345397XU2 | FORD MOTOR CREDIT CO LLC 4.38900 01/08/2026 | US | 1,375,000 | $1,398,815.00 | |
| 346232AE1 | FORESTAR GROUP INC 5.00000 03/01/2028 | US | 1,565,000 | $1,581,244.70 | |
| 34960PAB7 | FORTRESS TRANS & INFRAST 6.50000 10/01/2025 | US | 1,605,000 | $1,556,850.00 | |
| 34960PAC5 | FORTRESS TRANS & INFRAST 9.75000 08/01/2027 | US | 1,520,000 | $1,620,730.40 | |
| 35166FAA0 | FOXTROT ESCROW ISSUER 12.25000 11/15/2026 | US | 1,420,000 | $1,550,029.40 | |
| 36166LAA5 | GEMS MENASA KY LTD/GEMS 7.12500 07/31/2026 | AE | 2,080,000 | $2,007,200.00 | |
| 36237HAA9 | G-III APPAREL GROUP LTD 7.87500 08/15/2025 | US | 2,410,000 | $2,394,937.50 | |
| 36255XAA1 | GCAR 2018-3A A MTGE 3.35000 08/15/2022 | US | 211,777.52 | $212,475.35 | |
| 36257NAA1 | GCAR 2019-2A A MTGE 3.06000 04/17/2023 | US | 951,081.35 | $960,617.56 | |
| 37255LAA5 | GENWORTH MORTGAGE HLDING 6.50000 08/15/2025 | US | 2,405,000 | $2,534,581.40 | |
| 37953TAB1 | GLOBAL SHIP LEASE INC 9.87500 11/15/2022 | MH | 1,855,000 | $1,815,581.25 | |
| 38217TAA3 | GOODG 2020-1A MTGE 2.63000 04/15/2055 | US | 4,999,715.19 | $5,034,970.18 | |
| 39154TAV0 | GALC 2019-1 A2 2.97000 06/15/2021 | US | 807,588.49 | $810,400.35 | |
| 418751AD5 | HAT HOLDINGS I LLC/HAT 3.75000 09/15/2030 | US | 1,640,000 | $1,648,200.00 | |
| 428041BD8 | HFLF 2018-1 A2 MTGE 3.23000 05/10/2032 | US | 3,551,877.01 | $3,571,533.10 | |
| 431571AB4 | HILLENBRAND INC 4.50000 09/15/2026 | US | 2,505,000 | $2,686,612.50 | |
| 443201AA6 | HOWMET AEROSPACE INC 6.87500 05/01/2025 | US | 1,980,000 | $2,250,614.06 | |
| 444454AD4 | HUGHES SATELLITE SYSTEMS 5.25000 08/01/2026 | US | 1,535,000 | $1,676,987.50 | |
| 44932NAB6 | HART 2019-A A2 2.67000 12/15/2021 | US | 659,299.63 | $661,415.32 | |
| 450913AE8 | IAMGOLD CORP 7.00000 04/15/2025 | CA | 2,180,000 | $2,289,000.00 | |
| 45569LAA9 | INDIGO NATURAL RES LLC 6.87500 02/15/2026 | US | 1,295,000 | $1,324,137.50 | |
| 45682RAA8 | INFRABUILD AUSTRALIA PTY 12.00000 10/01/2024 | AU | 3,425,000 | $3,253,750.00 | |
| 46116VAE5 | INTL FC STORE INC 8.62500 06/15/2025 | US | 3,670,000 | $3,972,775.00 | |
| 46187BAA1 | IHSFR 2017-SFR2 A 1.01188 12/17/2036 | US | 453,138.6 | $449,787.10 | |
| 46187BAB9 | IHSFR 2017-SFR2 B 1.31188 12/17/2036 | US | 400,000 | $399,319.52 | |
| 46284VAN1 | IRON MOUNTAIN INC 4.50000 02/15/2031 | US | 1,645,000 | $1,688,378.65 | |
| 465410BX5 | ITALY GOV'T INT BOND 2.37500 10/17/2024 | IT | 9,000,000 | $9,307,940.76 | |
| 46567TAA2 | ITHACA ENERGY NORTH 9.37500 07/15/2024 | GB | 1,200,000 | $1,158,024.00 | |
| 46635GAE0 | JP MORGAN CHASE COMMERCIAL MORTG 4.06980 11/15/2043 | US | 317,762.58 | $317,414.98 | |
| 46639GAL0 | JPMMT 2013-1 1A2 3.00000 03/25/2043 | US | 285,207.27 | $290,265.14 | |
| 46640BAC8 | JPMMT 2013-2 A2 3.50000 05/25/2043 | US | 321,578.67 | $336,193.75 | |
| 46641YAA1 | JPMMT 2014-2 1A1 3.00000 06/25/2029 | US | 523,835.91 | $529,856.41 | |
| 46647SAJ9 | JPMMT 2017-3 1A5 3.50000 08/25/2047 | US | 922,626.35 | $926,157.89 | |
| 47789JAB2 | JDOT 2019-A A2 2.85000 12/15/2021 | US | 482,999.23 | $484,415.82 | |
| 47987LAA9 | JONAH NRG LLC/FINANCE 7.25000 10/15/2025 | US | 4,120,000 | $576,800.00 | |
| 48088LAB3 | JOSEPH T RYERSON & SON 8.50000 08/01/2028 | US | 1,500,000 | $1,638,750.00 | |
| 487526AB1 | KEHE DISTRIBUTORS LLC/FI 8.62500 10/15/2026 | US | 2,400,000 | $2,610,000.00 | |
| 505742AG1 | LADDER CAP FIN LLLP/CORP 5.25000 10/01/2025 | US | 2,530,000 | $2,403,500.00 | |
| 51889RAB5 | LRK 2019-A A2FX Mtge 2.73000 10/25/2048 | US | 1,921,610.11 | $1,979,207.49 | |
| 539473AE8 | LLOYDS BANK PLC 12.00000 12/16/2024 | GB | 2,585,000 | $3,020,696.58 | |
| 541056AA5 | LOGAN MERGER SUB INC 5.50000 09/01/2027 | US | 1,310,000 | $1,335,793.90 | |
| 54238XAC2 | LONESTAR RESOURCES AMERICA 11.25000 01/01/2023 | US | 3,485,000 | $557,600.00 | |
| 552697AQ7 | MDC PARTNERS INC 6.50000 05/01/2024 | CA | 1,860,000 | $1,776,300.00 | |
| 552848AG8 | MGIC INVESTMENT CORP 5.25000 08/15/2028 | US | 2,405,000 | $2,525,250.00 | |
| 57109HAA0 | MFT 2019-2A A MTGE 3.13000 07/16/2029 | US | 1,553,327.22 | $1,569,551.26 | |
| 577128AA9 | MATTHEWS INTERNATIONAL C 5.25000 12/01/2025 | US | 520,000 | $491,400.00 | |
| 59022CAA1 | BANK OF AMERICA CORP 1.07338 09/15/2026 | US | 3,561,000 | $3,496,365.18 | |
| 59166EAA3 | MST 2019-1A A MTGE 3.75000 04/25/2058 | US | 1,600,277.2 | $1,748,614.25 | |
| 61965RAA3 | MOSS CREEK RESOURCES HLD 7.50000 01/15/2026 | US | 2,395,000 | $1,640,575.00 | |
| 62426EAA3 | MOUNTAIN PROVINCE DIAMON 8.00000 12/15/2022 | CA | 995,000 | $726,350.00 | |
| 62913TAJ1 | NGL ENRGY PART LP/FIN CO 7.50000 11/01/2023 | US | 1,595,000 | $1,164,350.00 | |
| 62954NAA3 | NYCTL 2018-A A 3.22000 11/10/2031 | US | 623,549.16 | $627,764.48 | |
| 63938CAD0 | NAVIENT CORP 6.62500 07/26/2021 | US | 940,000 | $963,500.00 | |
| 63938CAH1 | NAVIENT CORP 6.75000 06/25/2025 | US | 1,410,000 | $1,469,925.00 | |
| 63938EAC8 | NAVSL 2014-1 A3 FLT 0.68513 06/25/2031 | US | 5,483,638.49 | $5,295,457.02 | |
| 63938NAF1 | NAVIOS SA LOGIST/FIN US 10.75000 07/01/2025 | MH | 865,000 | $936,362.50 | |
| 63940YAA4 | NAVSL 2019-CA A1 2.82000 02/15/2068 | US | 1,074,029.45 | $1,079,753.38 | |
| 63941LAA1 | NAVSL 2019-BA A1 0.56188 12/15/2059 | US | 1,444,519.07 | $1,442,655.50 | |
| 63941MAA9 | NAVSL 2019-EA A1 2.39000 05/15/2068 | US | 4,434,678.45 | $4,469,425.49 | |
| 63941RAB6 | NAVSL 2019-2A A2 1.17513 02/27/2068 | US | 5,540,000 | $5,581,185.47 | |
| 63942FAB1 | NAVSL 2020-1A A1B 1.19925 06/25/2069 | US | 3,000,000 | $3,026,416.50 | |
| 644393AA8 | NEW FORTRESS ENERGY INC 6.75000 09/15/2025 | US | 3,175,000 | $3,221,672.50 | |
| 64829DAG1 | NRZT 2014-3A AFX3 3.75000 11/25/2054 | US | 448,630.22 | $480,285.43 | |
| 64829EAA2 | NRZT 2015-2A A1 3.75000 08/25/2055 | US | 715,915.79 | $772,910.71 | |
| 64830DAB9 | NRZT 2019-2A A1 4.25000 12/25/2057 | US | 3,627,075.8 | $3,897,757.58 | |
| 66727WAA0 | NORTHWEST ACQ/DOMINION 7.12500 11/01/2022 | CA | 5,870,000 | $93,920.00 | |
| 67401PAB4 | OAKTREE SPECIALTY LEND 3.50000 02/25/2025 | US | 1,065,000 | $1,072,100.93 | |
| 674599EA9 | OCCIDENTAL PETROLEUM COR 8.87500 07/15/2030 | US | 1,530,000 | $1,728,900.00 | |
| 675232AB8 | OCEANEERING INTL INC 6.00000 02/01/2028 | US | 2,430,000 | $1,533,330.00 | |
| 682189AQ8 | ON SEMICONDUCTOR CORP 3.87500 09/01/2028 | US | 1,550,000 | $1,617,394.00 | |
| 68555PAA8 | ORBCOMM INC 8.00000 04/01/2024 | US | 2,410,000 | $2,343,725.00 | |
| 69144AAA7 | OXFIN 2020-1A A2 3.10100 02/15/2028 | US | 6,300,000 | $6,390,675.27 | |
| 69144AAB5 | OXFIN 2020-1A B 4.03700 02/15/2028 | US | 400,000 | $395,762.72 | |
| 69145AAB4 | OXFIN 2019-1A A2 4.45900 02/15/2027 | US | 7,235,000 | $7,411,302.48 | |
| 69145LAA2 | OXFORD FIN LLC/CO-ISS II 6.37500 12/15/2022 | US | 520,000 | $495,492.40 | |
| 69327RAJ0 | PDC ENERGY INC 5.75000 05/15/2026 | US | 1,510,000 | $1,544,730.00 | |
| 69354NAC0 | PRA GROUP INC 7.37500 09/01/2025 | US | 2,270,000 | $2,419,593.00 | |
| 69375BAC1 | PSMC 2019-3 A3 MTGE 3.50000 11/25/2049 | US | 2,411,003.16 | $2,461,371.19 | |
| 719245AD4 | PHOTO HOLDINGS MERGER SU 8.50000 10/01/2026 | US | 4,450,000 | $4,089,817.00 | |
| 741503AZ9 | BOOKING HOLDINGS INC 3.60000 06/01/2026 | US | 7,450,000 | $8,363,600.58 | |
| 74166MAE6 | PRIME SECSRVC BRW/FINANC 6.25000 01/15/2028 | US | 1,542,000 | $1,619,100.00 | |
| 74331AAA0 | 2019- SFR4 CLASS A 2.68700 10/17/2036 | US | 3,800,000 | $3,910,899.96 | |
| 74333KAA6 | PROG 2017-SFR2 A 2.89700 12/17/2034 | US | 1,646,934.52 | $1,653,473.01 | |
| 74333NAA0 | PROGRESS RESIDENTIAL TRUST 3.14700 05/17/2036 | US | 8,587,768.12 | $8,892,677.69 | |
| 750236AW1 | RADIAN GROUP INC 4.87500 03/15/2027 | US | 2,778,000 | $2,786,334.00 | |
| 778296AE3 | ROSS STORES INC 5.45000 04/15/2050 | US | 1,195,000 | $1,536,542.66 | |
| 78397AAA2 | SCFET 2019-1A A1 3.04000 03/20/2023 | US | 501,649.13 | $502,286.93 | |
| 78403DAN0 | SBA TOWER TRUST 2.83600 01/15/2025 | US | 3,500,000 | $3,657,496.15 | |
| 78403DAP5 | SBA TOWER TRUST 1.88400 01/15/2026 | US | 2,750,000 | $2,768,588.08 | |
| 78442PGC4 | SLM CORP 5.12500 04/05/2022 | US | 5,336,000 | $5,496,080.00 | |
| 78449TAA9 | SMB 2019-A A1 0.51188 02/16/2026 | US | 456,206.19 | $455,952.45 | |
| 78449XAA0 | SMB 2020-BA A1A 1.29000 07/15/2053 | US | 3,000,000 | $2,996,421.60 | |
| 78472CAA6 | SCLP 2019-1 A 3.24000 02/25/2028 | US | 1,358,953 | $1,373,587.97 | |
| 785592AJ5 | SABINE PASS LIQUEFACTION 5.75000 05/15/2024 | US | 7,000,000 | $8,009,358.91 | |
| 81745BAB1 | SEMT 2013-6 A2 3.00000 05/25/2043 | US | 3,780,616.94 | $3,955,332.86 | |
| 81745CAB9 | SEMT 2013-7 A2 3.00000 06/25/2043 | US | 368,228.63 | $378,748.52 | |
| 81745EAA7 | SEMT 2013-8 A1 3.00000 06/25/2043 | US | 484,813.23 | $498,742.16 | |
| 81745MAA9 | SEMT 2013-2 1.87400 02/25/2043 | US | 417,332.72 | $420,392.10 | |
| 81748MAD0 | SEMT 2020-1 A4 3.50000 02/25/2050 | US | 2,352,095.65 | $2,383,974.07 | |
| 83401BAB2 | SOFI 2017-F A2FX 2.84000 01/25/2041 | US | 655,360.2 | $673,121.05 | |
| 83402DAC5 | SOFI 2016-C A2B 2.36000 12/27/2032 | US | 227,500.3 | $229,621.15 | |
| 83404JAA4 | SCLP 2017-3 A MTGE 2.77000 05/25/2026 | US | 584,163.66 | $587,863.69 | |
| 83404RAA6 | SOFI 2018-B A1FX 2.64000 08/25/2047 | US | 311,438.09 | $311,784.38 | |
| 83404WAA5 | SOFI 2019-B A1FX 2.78000 08/17/2048 | US | 1,550,271.41 | $1,559,488.70 | |
| 83404YAA1 | SCLP 2016-5 A 3.06000 09/25/2028 | US | 36,842.38 | $36,913.47 | |
| 83405JAA3 | SCLP 2017-4 A 2.50000 05/26/2026 | US | 250,482.45 | $252,549.11 | |
| 83405TAA1 | SCLP 2019-3 A MTGE 2.90000 05/25/2028 | US | 972,016.61 | $983,880.46 | |
| 83406CAA7 | SCLP 2019-2 A MTGE 3.01000 04/25/2028 | US | 1,421,229.14 | $1,437,643.63 | |
| 844741BJ6 | SOUTHWEST AIRLINES CO 5.25000 05/04/2025 | US | 3,000,000 | $3,274,288.65 | |
| 85172FAN9 | SPRINGLEAF FINANCE CORP 7.12500 03/15/2026 | US | 1,535,000 | $1,761,404.83 | |
| 85571BAL9 | STARWOOD PROPERTY TRUST 4.75000 03/15/2025 | US | 2,400,000 | $2,310,000.00 | |
| 85571XAA5 | SRPT 2014-STAR A FLTG RATE 1.63188 11/15/2027 | US | 1,777,114.94 | $1,244,370.89 | |
| 861036AA9 | STL HOLDING CO LLC 7.50000 02/15/2026 | US | 2,170,000 | $2,197,125.00 | |
| 86212XAA8 | STR 2019-1 A1 MTGE 2.82000 11/20/2049 | US | 2,461,407.2 | $2,485,708.67 | |
| 86935CAA0 | SCML 2019-SBC8 2.86000 04/25/2041 | US | 3,477,031.31 | $3,504,635.46 | |
| 872540AR0 | TJX COS INC 3.50000 04/15/2025 | US | 2,750,000 | $3,070,308.15 | |
| 87422VAJ7 | TALEN ENERGY SUPPLY LLC 7.62500 06/01/2028 | US | 2,500,000 | $2,583,475.00 | |
| 87677QAA9 | TXEZ 2016-1A 3.13100 06/15/2028 | US | 214,465.12 | $214,899.39 | |
| 880451AS8 | TENNESEE GAS PIPELINE 7.00000 03/15/2027 | US | 6,775,000 | $8,417,952.27 | |
| 880451AV1 | TENNESEE GAS PIPELINE 7.00000 10/15/2028 | US | 2,225,000 | $2,874,015.43 | |
| 88167AAK7 | TEVA PHARMACEUTICALS NE 6.75000 03/01/2028 | NL | 1,600,000 | $1,744,000.00 | |
| 89052KAA3 | TOORAK MORTGAGE CORP 4.45830 03/25/2022 | US | 5,000,000 | $5,109,041.00 | |
| 89173CAA5 | TPMT 2016-5 A1 2.50000 10/25/2056 | US | 977,116.65 | $997,744.95 | |
| 89173FAA8 | TPMT 2017-1 A1 2.75000 10/25/2056 | US | 3,366,255.89 | $3,461,102.17 | |
| 89175VAA1 | TPMT 2018-2 A1 3.25000 03/25/2058 | US | 1,320,340.99 | $1,396,949.81 | |
| 89177EAA7 | TPMT 2019-HY1 A1 1.17513 10/25/2048 | US | 3,261,109.66 | $3,254,321.99 | |
| 892231AA9 | TOWNSQUARE MEDIA INC 6.50000 04/01/2023 | US | 2,530,000 | $2,333,925.00 | |
| 89613BAA5 | TAH 2016-SFR1 A 2.58900 11/17/2033 | US | 2,276,482.08 | $2,282,474.46 | |
| 89613GAC0 | TAH 2020-SFR1 C 2.24900 07/17/2038 | US | 2,500,000 | $2,540,685.00 | |
| 901109AF5 | TUTOR PERINI CORP 6.87500 05/01/2025 | US | 4,340,000 | $4,177,250.00 | |
| 91086QBG2 | UNITED MEXICAN STATES 4.12500 01/21/2026 | MX | 1,800,000 | $2,007,900.00 | |
| 912828ZJ2 | TSY INFL IX N/B 0.12500 04/15/2025 | US | 30,445,515.25 | $32,739,632.32 | |
| 92343VDU5 | VERIZON COMMUNICATIONS 5.25000 03/16/2037 | US | 6,750,000 | $9,169,314.14 | |
| 92826CAF9 | VISA INC 4.30000 12/14/2045 | US | 635,000 | $845,230.19 | |
| 92826CAK8 | VISA INC 2.70000 04/15/2040 | US | 1,215,000 | $1,312,398.18 | |
| 928668BE1 | VOLKSWAGEN GROUP AMERICA 3.35000 05/13/2025 | US | 2,250,000 | $2,472,986.72 | |
| 92888DAB1 | VFET 2019-1A A2 2.90000 11/15/2021 | US | 289,742.8 | $290,849.65 | |
| 92935JBC8 | WF-RBS COMMERCIAL MORTGAGE T FLT 4.86900 02/15/2044 | US | 1,229,102.83 | $1,239,794.80 | |
| 93065PAA9 | WBHT 2019-WBM A FLT 1.21188 12/15/2033 | US | 7,000,000 | $6,649,743.80 | |
| 95081QAP9 | WESCO DISTRIBUTION INC 7.25000 06/15/2028 | US | 2,305,000 | $2,571,192.93 | |
| 962178AN9 | TRI POINTE GROUP / HOMES 5.87500 06/15/2024 | US | 1,722,000 | $1,868,370.00 | |
| 966387AH5 | WHITING PETROLEUM CORP 5.75000 03/15/2021 | US | 6,670,000 | $1,500,750.00 | |
| 96949LAD7 | WILLIAMS PARTNERS LP 3.75000 06/15/2027 | US | 4,000,000 | $4,419,396.20 | |
| 97652TAA1 | WIN 2015-1 A1 3.50000 01/20/2045 | US | 383,582.82 | $394,936.91 | |
| 98162VAB5 | WOART 2019-B A2 MTGE 2.63000 06/15/2022 | US | 1,363,615.99 | $1,370,164.48 | |
| 98162XAB1 | WOLS 2019-A A2 2.89000 11/15/2021 | US | 1,022,182.55 | $1,027,372.89 | |
| B4NDCC9 | MEX BONOS DESARR FIX RT 6.50000 06/09/2022 | MX | 126,000,000 | $5,948,752.40 | |
| BBG00SDQVVY6 | US LONG BOND CBT DEC20 USZ0 | US | -105 | $116,813.55 | |
| BBG00SDQW5Z1 | US ULTRA BOND CBT DEC20 WNZ0 | US | -37 | $92,421.56 | |
| BH8295835 | SAUDI INTERNATIONAL BOND 2.90000 10/22/2025 | SA | 1,000,000 | $1,060,040.00 | |
| BJVB695 | BUONI POLIENNALI DEL TES 2.45000 09/01/2050 | IT | 7,700,000 | $9,999,488.05 | |
| BK0939417 | AMERICAN TANKER INC 7.75000 07/02/2025 | US | 3,590,000 | $3,612,617.00 | |
| BL3427798 | TUTOR PERINI FLT 0.00000 08/14/2027 | US | 5,000,000 | $4,918,750.00 | |
| ZO1818103 | NAVIGATOR HOLDINGS LTD 8.00000 09/10/2025 | MH | 3,150,000 | $3,157,591.50 |
Investments will change over time.
All investments involve risks, including possible loss of principal. There is an inverse relationship between bond prices and interest rates; as interest rates rise, bond prices (and therefore the value of bond funds) fall. Likewise, as interest rates fall, bond prices and the value of bond funds rise. Investments in higher-yielding, lower-rated securities involve additional risks, including a higher risk of default and loss of principal. Funds that invest in foreign countries may be subject to the risks of adverse changes in foreign economic, political, regulatory and other conditions as well as risks related to the use of different financial standards. Investments in emerging markets may be more volatile than investments in more developed markets. Investments in 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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