Dynamic Risk Allocation Fund  (PDREX)

An active approach to global balanced investing that seeks superior long-term total return without increased volatility


Track this fund

Objective

The fund seeks total return. Total return is composed of capital appreciation and income.

Fund price

Yesterday’s close 52-week high 52-week low
Net asset value $11.44
0.00% | $0.00
$11.45
10/16/17
$10.28
11/14/16
Historical fund price

Consistency of positive performance over five years

Performance represents 5-year returns in rolling quarter-end periods since inception.

Performance shown does not reflect the effects of any sales charges. Note that returns of 0.00% are counted as positive periods. For complete fund performance, please click on the performance tab.

4.93%

Best 5-year annualized return

(for period ending 09/30/16)


3.26%

Worst 5-year annualized return

(for period ending 09/30/17)


3.81%

Average 5-year annualized return


Fund facts as of 09/30/17

Total net assets
$158.92M
Turnover (fiscal year end)
299%
Dividend frequency
Annually
Number of holdings
1332
Fiscal year end
May
CUSIP / Fund code
746764240 / 0079
Inception Date
09/19/11
Category
Asset Allocation
Open to new investors
Ticker
PDREX

Management team


Co-Head of Global Asset Allocation

Co-Head of Global Asset Allocation

Chief Investment Officer, Global Asset Allocation

Co-Head of Global Asset Allocation

Strategy and process

  • Seeking a better balance: Strives to improve upon traditional balanced funds through broader global diversification, less reliance on equities, and active risk management.
  • Global flexibility: Dynamically diversifies across 11 asset classes worldwide to take advantage of changes in global markets.
  • Active management: Actively invests in a range of lower-volatility and hedging strategies to further diversify sources of return and manage risk.

Literature


Why a meaningful near-term market correction is unlikely
2017 is a rare year without a stock market correction of at least 5%, but that doesn't make a correction more likely in the fourth quarter.
How the Japan election may influence global interest rates
The Japan election could have consequences for the future leadership of the Bank of Japan and the country's impact on global interest rate trends.
Avoiding retirement savings shortfalls requires a team effort
Plan features, employer match, deferral rates, and investor education all work together to help participants avoid retirement savings shortfalls.

Performance

  • Total return (%) as of 09/30/17

  • Annual performance as of 09/30/17

Annualized performance 1 yr. 3 yrs. 5 yrs. Life (inception: 09/19/11 )
Before sales charge 8.04% 3.20% 3.26% 4.70%
After sales charge 1.83% 1.18% 2.04% 3.68%
Custom Dynamic Risk Allocation Index 8.47% 2.41% 4.19% --

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. To obtain the most recent month-end performance, visit putnam.com. Performance assumes reinvestment of distributions and does not account for taxes. Returns before sales charge do not reflect the current maximum sales charges as indicated below. Had the sales charge been reflected, returns would be lower. Returns at public offering price (after sales charge) for class A and class M shares reflect the current maximum initial sales charges of 5.75% and 3.50% for equity funds and Putnam Absolute Return 500 Fund and 700 Fund, and 4.00% and 3.25% for income funds (1.00% and 0.75% for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund and 300 Fund, and Putnam Short-Term Municipal Income Fund), respectively. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund and 300 Fund, and Putnam Short-Term Municipal Income Fund, which is 1% in the first year, declining to 0.5% in the second year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, R, T1, and Y shares prior to their inception is derived from the historical performance of class A shares, adjusted for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (with the exception of Putnam Tax-Free High Yield Fund and Putnam AMT-Free Municipal Fund, which are based on the historical performance of class B shares). Class R5/R6 shares, available to qualified employee-benefit plans only, are sold without an initial sales charge and have no CDSC. Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge. Performance for Class R5/R6 shares before their inception are derived from the historical performance of class Y shares, which have not been adjusted for the lower expenses; had they, returns would have been higher. Class A, M, and T1 shares of Putnam money market funds have no initial sales charge. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses, without which returns would be lower.

Performance snapshot

  Before sales charge After sales charge
1 mt. as of 09/30/17 0.62 % -5.16 %
YTD as of 10/19/17 9.37 % 3.08 %

Risk-adjusted performance as of 09/30/17

Alpha (3 yrs.) 1.19
Sharpe ratio (3 yrs.) 0.48
Treynor ratio (3 yrs.) 3.60
Information ratio (3 yrs.) 0.26

Volatility as of 09/30/17

Standard deviation (3 yrs.) 6.15%
Beta 0.82
R-squared 0.79

Capture ratio as of 09/30/17

Up-market (3 yrs.) 88.55
Down-market (3 yrs.) 75.89

Lipper rankings as of 09/30/17

Alternative Global Macro Funds Percentile ranking Rank/Funds in category
1 yr. 33% 97/298
3 yrs. 34% 90/264
5 yrs. 40% 80/204
10 yrs.   --

Morningstar ratings as of 09/30/17

Allocation--30% to 50% Equity Rating Funds in category
Overall (395)
3 yrs. (395)
5 yrs. (356)

Distributions

Record/Ex dividend date 12/16/16
Payable date 12/20/16
Income $0.248
Extra income $0.0
Short-term cap. gain --
Long-term cap. gain --

Lipper rankings are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Lipper. Past performance is not indicative of future results.

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

The up-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has risen. The ratio is calculated by dividing the manager’s returns by the returns of the index during the up-market, and multiplying that factor by 100. The down-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has dropped. The ratio is calculated by dividing the manager’s returns by the returns of the index during the down-market and multiplying that factor by 100.


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** FundVisualizer comparison based on Putnam fund versus the largest fund in its Morningstar category.


Holdings

Top 10 holdings as of 09/30/17

S&P Gsci 3 Month Forward Index TR 3X Note 9/7/2018 2.04%
Fnma Fn30 Tba 04.0000 11/01/2047 1.98%
Gnma Gii30 Tba 03.5000 10/01/2047 1.96%
Fnma Fn30 Tba 03.0000 11/01/2047 1.89%
Fnma Fn15 Tba 03.0000 10/01/2032 1.29%
S&P Gsci 3X 144a Note 04/20/2018 1.28%
S&P Gsci TOT Return Indx 3X Note 7/23/2018 0.97%
Johnson & Johnson 0.79%
S&P Gsci Light Energy Official 3X Note 09/04/2018 0.77%
S&P Gsci Light Energy Official 3x 144a Note 09/07/2018 0.77%
Top 10 holdings, percent of portfolio 13.74%

Full portfolio holdings as of 06/30/17

GNMA GII30 TBA 03.5000 07/01/2047 2.69%
FNMA FN30 TBA 04.0000 07/01/2047 2.05%
FNMA FN30 TBA 03.0000 07/01/2047 1.94%
CITI S&P GSCI FORWARD INDEX 3X NOTE 08/07/2017 1.78%
FNMA FN15 TBA 03.0000 07/01/2032 1.33%
S&P GSCI 3X 144A NOTE 04/20/2018 1.08%
S&P GSCI TOT RETURN INDX 3X NOTE 7/23/2018 0.83%
JOHNSON & JOHNSON 0.82%
FNMA FN30 TBA 06.0000 07/01/2047 0.73%
JPMORGAN CHASE & CO 0.68%
FNMA FN30 TBA 02.5000 07/01/2047 0.62%
PFIZER INC 0.62%
ALTRIA GROUP INC 0.57%
MCDONALD'S CORP 0.56%
ISHARES MSCI INDIA ETF 0.54%
CDX CDX.NA.HY.28 500.0 06/20/2022 0.52%
APPLE INC 0.51%
SAMSUNG ELECTRONICS CO LTD 0.49%
UNITEDHEALTH GROUP INC 0.48%
EXXON MOBIL CORP 0.46%
PNC FINANCIAL SERVICES GROUP 0.46%
TEXAS INSTRUMENTS INC 0.46%
DANAHER CORP 0.45%
HUMANA INC 0.45%
RAYTHEON COMPANY 0.45%
EBAY INC 0.44%
INTUIT INC 0.44%
KIMBERLY-CLARK CORP 0.44%
APPLIED MATERIALS INC 0.43%
RUSSIAN FEDERATION P/P 144A 05.6250 04/04/2042 0.43%
HONEYWELL INTERNATIONAL INC 0.42%
NORFOLK SOUTHERN CORP 0.42%
WALT DISNEY CO/THE 0.42%
NORTHROP GRUMMAN CORP 0.41%
CBS CORP-CLASS B NON VOTING 0.40%
EQUITY RESIDENTIAL TR REIT 0.38%
TJX COMPANIES INC 0.37%
LOWES COMPANIES INC 0.36%
SHERWIN-WILLIAMS CO/THE 0.36%
ZOETIS INC 0.36%
AUTOMATIC DATA PROCESSING 0.35%
CVS HEALTH CORP 0.31%
JUNIPER NETWORKS INC 0.31%
ALLSTATE CORP 0.30%
AFLAC INC 0.29%
ALPHABET INC-CL A 0.29%
F5 NETWORKS INC 0.28%
GENERAL DYNAMICS CORP 0.28%
BAKER HUGHES INC 0.27%
KINDER MORGAN INC 0.27%
BERKSHIRE HATHAWAY INC-CL B 0.26%
CME GROUP INC 0.26%
P G & E CORP 0.26%
VERIZON COMMUNICATIONS INC 0.26%
FIDELITY NATIONAL INFO SERV 0.25%
PETROLEOS MEXICANOS USD 04.5000 01/23/2026 0.25%
SIMON PROPERTY GROUP INC 0.25%
ROCHE HOLDING AG-GENUSSCHEIN 0.24%
MARATHON PETROLEUM CORP 0.23%
MERCK & CO. INC. 0.23%
ROSS STORES INC 0.23%
COMMONWEALTH BK AUSTR NY 01.6250 03/12/2018 0.22%
ADOBE SYSTEMS INC 0.21%
EDISON INTERNATIONAL 0.21%
SYSCO CORP 0.21%
CAS 2016-C03 2M2 07.1161 10/25/2028 0.20%
GREAT PLAINS ENERGY INC 0.20%
MICROSOFT CORP 0.20%
SANOFI 0.20%
TOTAL SA 0.20%
WASTE MANAGEMENT INC 0.20%
AGNC INVESTMENT CORP 0.19%
BAYER AG-REG 0.19%
GLAXOSMITHKLINE PLC 0.19%
HERSHEY CO/THE 0.19%
JM SMUCKER CO/THE 0.19%
PROLOGIS INC 0.19%
TRAVELERS COS INC/THE 0.19%
ALLIANZ SE-REG 0.18%
FISERV INC 0.18%
HON HAI PRECISION INDUSTRY 0.18%
PUBLIC STORAGE 0.18%
US BANCORP 0.18%
WESTPAC BANKING CORP USD 02.1500 03/06/2020 0.18%
3I GROUP PLC 0.17%
AMERICAN ELECTRIC POWER 0.17%
AVALONBAY COMMUNITIES INC 0.17%
BASF SE 0.17%
CWALT 2006-OA7 1A2 01.6716 06/25/2046 0.17%
HARRIS CORP 0.17%
L3 TECHNOLOGIES INC 0.17%
NETAPP INC 0.17%
PETROBRAS GLOBAL FINANCE USD 07.2500 03/17/2044 0.17%
WELLTOWER INC 0.17%
APPLE INC 02.1000 05/06/2019 0.16%
AT&T INC 0.16%
AVAYA INC P/P 144A 07.0000 04/01/2019 0.16%
CANADIAN DOLLAR ACCOUNT 0.16%
ENEL SPA 0.16%
GOLDMAN SACHS GROUP INC 02.6000 12/27/2020 0.16%
INDUSTRIAL BANK OF KOREA 0.16%
PAYCHEX INC 0.16%
SERVICE CORP INTL 05.3750 05/15/2024 0.16%
SOCIETE GENERALE USD 02.7500 10/12/2017 0.16%
SUNTRUST BANKS INC 0.16%
VODAFONE GROUP PLC USD 01.2500 09/26/2017 0.16%
AMADEUS IT GROUP SA 0.15%
ANNALY CAPITAL MANAGEMENT IN 0.15%
CAS 2015-C04 1M2 06.9161 04/25/2028 0.15%
INVESTOR AB-B SHS 0.15%
MITSUBISHI UFJ FINANCIAL GRO 0.15%
SCIENTIFIC GAMES INT 10.0000 12/01/2022 0.15%
SUMITOMO MITSUI FINANCIAL GR 0.15%
VANTIV INC - CL A 0.15%
ATOS SE 0.14%
BANK OF AMERICA CORP 06.1100 01/29/2037 0.14%
CLEAR CHANNEL COMMUN 09.0000 12/15/2019 0.14%
CSC HOLDINGS LLC 05.2500 06/01/2024 0.14%
DEUTSCHE POST AG-REG 0.14%
GE CAP INTL FUNDING USD 04.4180 11/15/2035 0.14%
IND & COMM BK OF CHINA-H 0.14%
KAO CORP 0.14%
LLOYDS BANKING GROUP PLC USD 07.5000 04/30/2049 0.14%
MIZUHO FINANCIAL GROUP INC 0.14%
NIPPON TELEGRAPH & TELEPHONE 0.14%
NVR INC 0.14%
PERTAMINA PERSERO PT P/P 144A 04.3000 05/20/2023 0.14%
PROCTER & GAMBLE CO/THE 0.14%
SFR GROUP SA P/P 144A 06.0000 05/15/2022 0.14%
SPRINT CORP 07.2500 09/15/2021 0.14%
TENCENT HOLDINGS LTD 0.14%
AMERICAN INTL GROUP 08.1750 05/15/2058 0.13%
AXA SA 0.13%
BOSTON PROPERTIES INC 0.13%
DIGITAL REALTY TRUST INC 0.13%
EPR PROPERTIES 0.13%
ESSEX PROPERTY TRUST INC 0.13%
ITOCHU CORP 0.13%
LIBERTY MUTUAL GROUP P/P 144A 07.8000 03/15/2037 0.13%
SWISS RE AG 0.13%
SYNOPSYS INC 0.13%
UBS GROUP FUNDIN P/P 144A 03.0000 04/15/2021 0.13%
UNITED TECHNOLOGIES CORP 01.9000 05/04/2020 0.13%
ADECCO GROUP AG-REG 0.12%
AVERY DENNISON CORP 0.12%
CARNIVAL PLC 0.12%
CDK GLOBAL INC 0.12%
CENTRAL JAPAN RAILWAY CO 0.12%
CHINA CONSTRUCTION BANK-H 0.12%
HEINEKEN HOLDING NV 0.12%
HIGHWOODS PROPERTIES INC 0.12%
JPMBB 2014-C25 C 04.5958 11/15/2047 0.12%
LIBERTY PROPERTY TRUST 0.12%
MUENCHENER RUECKVER AG-REG 0.12%
ORIX CORP 0.12%
SKY PLC 0.12%
SOCIETE GENERALE SA 0.12%
VORNADO REALTY TRUST 0.12%
WM MORRISON SUPERMARKETS 0.12%
ACS ACTIVIDADES 0.11%
BNP PARIBAS 0.11%
BOUYGUES SA 0.11%
CAESARS ENT OPER TLB6B L+775 11.5000 03/01/2018 0.11%
CENTRICA PLC 0.11%
ERAC USA FINANCE LLC P/P 144A 07.0000 10/15/2037 0.11%
GSMS 2010-C1 D P/P 144A 06.2011 08/10/2043 0.11%
HCP INC 0.11%
HOCHTIEF AG 0.11%
HOST HOTELS & RESORTS INC 0.11%
LEAR CORP 0.11%
MARKS AND SPENCER LTD 0.11%
METRO AG 0.11%
MICROSOFT CORP 01.5500 08/08/2021 0.11%
PHILLIPS 66 0.11%
PINNACLE FOODS INC 0.11%
REPSOL SA 0.11%
SPRINT COMMUNICATIONS INC. 07.0000 08/15/2020 0.11%
SWISS LIFE HOLDING AG-REG 0.11%
TAIWAN SEMICONDUCTOR-SP ADR 0.11%
TAYLOR WIMPEY PLC 0.11%
TELSTRA CORP LTD 0.11%
VENTAS INC 0.11%
VOYA FINANCIAL INC 0.11%
WELLCARE HEALTH PLANS INC 0.11%
AES CORP/VA 05.5000 04/15/2025 0.10%
AGRICULTURAL BANK OF CHINA-H 0.10%
ALTABA INC 0.10%
ANHEUSER-BUSCH INBEV FIN 02.6500 02/01/2021 0.10%
ARGENTINE REPUBLIC USD 07.6250 04/22/2046 0.10%
ASTRAZENECA PLC USD 05.9000 09/15/2017 0.10%
BANK OF AMERICA CORP 02.0000 01/11/2018 0.10%
COCA-COLA AMATIL LTD 0.10%
COVIDIEN INTlL FIN USD 06.0000 10/15/2017 0.10%
DIAMOND 1 FIN/DIAMON P/P 144A 05.4500 06/15/2023 0.10%
ECOLAB INC 0.10%
GAMING AND LEISURE PROPERTIE 0.10%
GGP INC 0.10%
LAMB WESTON HOLDINGS P/P 144A 04.8750 11/01/2026 0.10%
MARUBENI CORP 0.10%
NESTLE SA-REG 0.10%
NN GROUP NV 0.10%
NOVARTIS AG-REG 0.10%
PETROBRAS GLOBAL FINANCE USD 06.2500 03/17/2024 0.10%
PEUGEOT SA 0.10%
PRICELINE GROUP INC/THE 0.10%
REP OF ARGENTINA USD 06.8750 01/26/2027 0.10%
REPUBLIC SERVICES INC 0.10%
ROYAL BANK OF CANADA USD 02.2000 07/27/2018 0.10%
SHIONOGI & CO LTD 0.10%
TATE & LYLE PLC 0.10%
TELEKOMUNIKASI INDONESIA PER 0.10%
TENAGA NASIONAL BHD 0.10%
21ST CENTURY FOX AMERICA 07.7500 12/01/2045 0.09%
AES CORP/VA 08.0000 06/01/2020 0.09%
ANHEUSER-BUSCH INBEV FIN 04.9000 02/01/2046 0.09%
BANK OF NOVA SCOTIA USD 01.3750 12/18/2017 0.09%
BOLIDEN AB 0.09%
CAMDEN PROPERTY TRUST 0.09%
CEQUEL COM HLDG I/CA P/P 144A 05.1250 12/15/2021 0.09%
CIA SANEAMENTO BASICO DE SP 0.09%
CIMIC GROUP LTD 0.09%
CONOCOPHILLIPS COMPANY 01.0500 12/15/2017 0.09%
CORNING INC 0.09%
CVS HEALTH CORP 02.2500 12/05/2018 0.09%
DUPONT FABROS TECHNOLOGY 0.09%
EBAY INC 01.3500 07/15/2017 0.09%
EVONIK INDUSTRIES AG 0.09%
GATES GLOBAL LLC P/P 144A 06.0000 07/15/2022 0.09%
HASBRO INC 0.09%
INFOR SOFTWARE P/P 144A 07.1250 05/01/2021 0.09%
INTEL CORP 01.3500 12/15/2017 0.09%
JPMORGAN CHASE & CO 02.0000 08/15/2017 0.09%
KINGFISHER PLC 0.09%
LG UPLUS CORP 0.09%
MID-AMERICA APARTMENT COMM 0.09%
NAVISTAR INTERNATIONAL CORP 08.2500 11/01/2021 0.09%
NBCUNIVERSAL MEDIA LLC 04.3750 04/01/2021 0.09%
PEPSICO INC. 01.2500 08/13/2017 0.09%
PTT GLOBAL CHEMICAL PCL-FOR 0.09%
RESONA HOLDINGS INC 0.09%
RICHTER GEDEON NYRT 0.09%
SAIC MOTOR CORP LTD 144A/REGS WARRANT 02/02/2018 0.09%
SERVICEMASTER GLOBAL HOLDING 0.09%
SK TELECOM 0.09%
SMILES SA 0.09%
SPY 20180615 P 210.00CITI 0.09%
STACR 2016-DNA3 M1 02.3161 12/25/2028 0.09%
STANDARD IND INC P/P 144A 05.0000 02/15/2027 0.09%
VIDEOTRON LTD / LTEE P/P 144A 05.1250 04/15/2027 0.09%
ALIBABA GROUP HOLDING-SP ADR 0.08%
ALLY FINANCIAL INC 08.0000 11/01/2031 0.08%
ANHEUSER-BUSCH INBEV 08.2000 01/15/2039 0.08%
BELDEN INC P/P 144A 05.2500 07/15/2024 0.08%
BIO-RAD LABORATORIES-A 0.08%
BWAY HOLDING CO P/P 144A 07.2500 04/15/2025 0.08%
CHENIERE CORP CHRIST 05.8750 03/31/2025 0.08%
CHEUNG KONG PROPERTY HOLDING 0.08%
CHIMERA INVESTMENT CORP 0.08%
CIT GROUP INC. 05.0000 08/15/2022 0.08%
COMM 2014-UBS6 C 04.6139 12/10/2047 0.08%
CONAGRA BRANDS INC 0.08%
CORP BOND BACKED CTF P/P 144A 00.0000 09/15/2017 0.08%
CPURNSA P 2.515 R 08/07/22 CI 0.08%
CSMC 2016-NXSR C 04.5098 12/15/2049 0.08%
FUBON FINANCIAL HOLDING CO 0.08%
GOLDMAN SACHS GROUP INC 03.8500 01/26/2027 0.08%
GRUMA S.A.B.-B 0.08%
GUANGZHOU R&F PROPERTIES - H 0.08%
JPMBB 2014-C22 XA IO 01.0870 09/15/2047 0.08%
JPMORGAN CHASE & CO 03.6250 12/01/2027 0.08%
LAMAR ADVERTISING CO-A 0.08%
MACQUARIE GROUP LTD P/P 144A 07.6250 08/13/2019 0.08%
MERCK & CO. INC. 01.3000 05/18/2018 0.08%
MOLSON COORS P/P 144A 01.9000 03/15/2019 0.08%
MORGAN STANLEY 03.6250 01/20/2027 0.08%
MSC 2006-HQ9 C 05.8420 07/12/2044 0.08%
NOVELIS CORP P/P 144A 05.8750 09/30/2026 0.08%
OLD MUTUAL PLC 0.08%
QANTAS AIRWAYS LTD 0.08%
QUALICORP SA 0.08%
SIAM CEMENT PUB CO-FOR REG 0.08%
SIRIUS XM RADIO INC P/P 144A 05.0000 08/01/2027 0.08%
SPY 20180518 P 210.00JPMCB 0.08%
STARWOOD PROPERTY TRUST INC 0.08%
T-MOBILE USA INC 05.3750 04/15/2027 0.08%
TI GROUP AUTO SYS LL P/P 144A 08.7500 07/15/2023 0.08%
VALEANT PHARMA P/P 144A 06.1250 04/15/2025 0.08%
WFRBS 2014-C22 XA IO 01.0715 09/15/2057 0.08%
WHEELOCK & CO LTD 0.08%
WP CAREY INC 0.08%
ALLY FINANCIAL INC 06.2500 12/01/2017 0.07%
AMERICAN EXPRESS CO 06.1500 08/28/2017 0.07%
ANA HOLDINGS INC 0.07%
BANCO SANTANDER SA 0.07%
BANK OF COMMUNICATIONS - H 0.07%
BARCLAYS BANK PLC P/P 144A 10.1790 06/12/2021 0.07%
CALPINE CORP 05.7500 01/15/2025 0.07%
CDX CDX.NA.IG.28 100.0 06/20/2022 0.07%
CFCRE 2011-C2 D P/P 144A 05.9452 12/15/2047 0.07%
CHINA STATE CONSTRUCTION -A 144A REGS WARRANT 01/22/2018 0.07%
CHS/COMMUNITY HEALTH 06.8750 02/01/2022 0.07%
CITIGROUP INC 03.8870 01/10/2028 0.07%
CMLTI 2005-2 1A2A 03.1504 05/25/2035 0.07%
CONSOLIDATED EDISON COMPANY 07.1250 12/01/2018 0.07%
DIAMOND 1 FIN/DIAMON P/P 144A 07.1250 06/15/2024 0.07%
ENDO FIN LLC/ENDO FI P/P 144A 05.3750 01/15/2023 0.07%
EXTRA SPACE STORAGE INC 0.07%
GNR 2016-135 PI IO 04.0000 05/20/2046 0.07%
GSMS 2014-GC22 XA IO 01.1900 06/10/2047 0.07%
HCA INC 06.5000 02/15/2020 0.07%
HILTON WORLDWIDE FIN P/P 144A 04.8750 04/01/2027 0.07%
HOME DEPOT INC 0.07%
HSBC FINANCE CORP 06.6760 01/15/2021 0.07%
JACK OHIO FIN LLC/FI P/P 144A 10.2500 11/15/2022 0.07%
LNSTR 2015-3 B P/P 144A 03.3453 04/20/2048 0.07%
LOTTE CHEMICAL CORP 0.07%
MACERICH CO/THE 0.07%
METLIFE INC. 04.7500 02/08/2021 0.07%
OMEGA HEALTHCARE INVESTORS 0.07%
PEACHTREE FUNDING TR P/P 144A 03.9760 02/15/2025 0.07%
REINSURANCE GROUP OF AMERICA 0.07%
ROYAL DUTCH SHELL PLC-B SHS 0.07%
ROYAL MAIL PLC 0.07%
SK HYNIX INC 0.07%
SOUTHERN CO/THE 0.07%
TABCORP HOLDINGS LTD 0.07%
TELKOM SA SOC LTD 0.07%
TENET HEALTHCARE 06.2500 11/01/2018 0.07%
TOYOTA TSUSHO CORP 0.07%
TWENTY-FIRST CENTURY FOX-A 0.07%
WH GROUP LTD 0.07%
ADS INC P/P 144A 05.6250 11/15/2024 0.06%
ALEXANDRIA REAL ESTATE EQUIT 0.06%
AMDOCS LTD 0.06%
AMERICAN EXPRESS COMPANY 07.0000 03/19/2018 0.06%
AMERICAN HOME 4 RENT 0.06%
ARISTOCRAT LEISURE LTD 0.06%
ASAHI KASEI CORP 0.06%
ASTRAZENECA PLC 0.06%
BANK NEGARA INDONESIA PERSER 0.06%
BANK OF AMERICA CORP 01.7000 08/25/2017 0.06%
BANK OF CHINA LTD-H 0.06%
BERRY GLOBAL GROUP INC 0.06%
BROOKFIELD RESID P/P 144A 06.5000 12/15/2020 0.06%
BUILDERS FIRSTSOURCE P/P 144A 05.6250 09/01/2024 0.06%
BWX TECHNOLOGIES INC 0.06%
CCO HLDGS LLC/CAP CO P/P 144A 05.8750 04/01/2024 0.06%
CCO HLDGS LLC/CAP CORP 05.2500 09/30/2022 0.06%
CHESAPEAKE ENERGY CO P/P 144A 08.0000 01/15/2025 0.06%
CHINA CINDA ASSET MANAGEME-H 0.06%
CHINA RAILWAY CONSTRUCTION-H 0.06%
CHINA RAILWAY GROUP LTD-H 0.06%
COMCAST CORP 06.5000 11/15/2035 0.06%
COMM 2014-LC15 XA IO 01.5084 04/10/2047 0.06%
CORELOGIC INC 0.06%
CREDIT AGRICOLE SA 0.06%
DELL TECHNOLOGIES INC-CL V 0.06%
DIAMOND RESORTS INTL P/P 144A 07.7500 09/01/2023 0.06%
DNB NOR ASA 0.06%
DYNEGY INC 07.6250 11/01/2024 0.06%
ENDESA S.A. 0.06%
EQUINIX INC 0.06%
EQUITY LIFESTYLE PROPERTIES 0.06%
FIRST DATA CORP P/P 144A 05.7500 01/15/2024 0.06%
FIRST QUANTUM P/P 144A 07.0000 02/15/2021 0.06%
GCP APPLIED TECH P/P 144A 09.5000 02/01/2023 0.06%
GENON AMERICAS GENR LLC 09.1250 05/01/2031 0.06%
GLENCORE FUNDING LLC P/P 144A 04.6250 04/29/2024 0.06%
HANWHA CORPORATION 0.06%
INDOFOOD SUKSES MAKMUR TBK P 0.06%
ISBANK-C 0.06%
KIMCO REALTY CORP 0.06%
KRAFT HEINZ FOODS CO 06.8750 01/26/2039 0.06%
MITSUBISHI CHEMICAL HOLDINGS 0.06%
MITSUBISHI TANABE PHARMA 0.06%
MSC 2011-C3 D P/P 144A 05.3268 07/15/2049 0.06%
MTW FOODSERVICE ESCR 09.5000 02/15/2024 0.06%
NEW WORLD DEVELOPMENT 0.06%
NRG ENERGY INC 06.6250 01/15/2027 0.06%
ORACLE CORP 02.6500 07/15/2026 0.06%
PETROLEOS MEXICANOS USD 05.6250 01/23/2046 0.06%
SINOPEC SHANGHAI PETROCHEM-H 0.06%
SIX FLAGS ENT P/P 144A 05.5000 04/15/2027 0.06%
SK INNOVATION CO LTD 0.06%
SPIRIT REALTY CAPITAL INC 0.06%
SPY 20180420 P 205.00CITI 0.06%
TOPPAN PRINTING CO LTD 0.06%
ULTA BEAUTY INC 0.06%
UNITED TRACTORS TBK PT 0.06%
UPM-KYMMENE OYJ 0.06%
VALEO SA 0.06%
WALGREENS BOOTS ALLIANCE INC 0.06%
WESTLAKE CHEM CORP 03.6000 08/15/2026 0.06%
WPX ENERGY INC 06.0000 01/15/2022 0.06%
ALLY FINANCIAL INC 05.7500 11/20/2025 0.05%
ALTA MESA HLDGS P/P 144A 07.8750 12/15/2024 0.05%
ALTRIA GROUP INC 02.8500 08/09/2022 0.05%
AMERICAN TIRE DISTRI P/P 144A 10.2500 03/01/2022 0.05%
ANHUI CONCH CEMENT CO LTD-H 0.05%
APPLE INC 03.8500 05/04/2043 0.05%
ASTELLAS PHARMA INC 0.05%
BAXTER INTERNATIONAL INC 0.05%
BECTON DICKINSON AND CO 04.6690 06/06/2047 0.05%
BLUELINE RENTAL CRP P/P 144A 09.2500 03/15/2024 0.05%
BMC EAST LLC P/P 144A 05.5000 10/01/2024 0.05%
BP CAPITAL MARKETS PLC USD 02.3150 02/13/2020 0.05%
BRAND ENERGY TL L+425 05.4910 06/21/2024 0.05%
CAESARS GROW PROP HLD/FI 09.3750 05/01/2022 0.05%
CGCMT 2014-GC19 X IO 01.3817 03/10/2047 0.05%
CGCMT 2014-GC21 AS 04.0260 05/10/2047 0.05%
CHARTER COMM OPT LLC 06.4840 10/23/2045 0.05%
CHENIERE CORP CHRIST P/P 144A 05.1250 06/30/2027 0.05%
COMM 2014-UBS6 XA IO 01.1801 12/10/2047 0.05%
COMMSCOPE TECH LLC P/P 144A 06.0000 06/15/2025 0.05%
COMPASS MINERALS INT P/P 144A 04.8750 07/15/2024 0.05%
CONCHO RESOURCES INC 04.3750 01/15/2025 0.05%
CORPORATE OFFICE PROPERTIES 0.05%
DISH DBS CORP 05.8750 11/15/2024 0.05%
EASTGROUP PROPERTIES INC 0.05%
ELECTROLUX AB-SER B 0.05%
ENERGY TRANSFER EQUITY L.P. 05.8750 01/15/2024 0.05%
EUR/USD 09/20/2017 JPMCB 0.05%
EURONET WORLDWIDE INC 0.05%
FIAT CHRYSLER AUTOMOBILES NV 0.05%
FIRST DATA CORP P/P 144A 07.0000 12/01/2023 0.05%
GENPACT LTD 0.05%
GENTING BHD 0.05%
GLENCORE FUNDING LLC P/P 144A 04.0000 04/16/2025 0.05%
HCA INC 05.5000 06/15/2047 0.05%
HONEYWELL INTERNATIONAL 05.3750 03/01/2041 0.05%
HUNTSMAN INTERNATIONAL LLC 04.8750 11/15/2020 0.05%
INDUSTRIVARDEN AB-A SHS 0.05%
JPMBB 2014-C19 C 04.8212 04/15/2047 0.05%
JPMCC 2010-C1 D P/P 144A 06.4009 06/15/2043 0.05%
KOC HLDG 0.05%
KRATON POLYMERS P/P 144A 10.5000 04/15/2023 0.05%
LANDSTAR SYSTEM INC 0.05%
MASTEC INC 04.8750 03/15/2023 0.05%
MITSUBISHI UFJ LEASE & FINAN 0.05%
NEWFIELD EXPLORATION CO 05.3750 01/01/2026 0.05%
NORBORD INC P/P 144A 06.2500 04/15/2023 0.05%
OASIS PETROLEUM INC 06.8750 03/15/2022 0.05%
OMEGA HLTHCARE INVESTORS 04.9500 04/01/2024 0.05%
OSHKOSH CORP 05.3750 03/01/2025 0.05%
PATHEON HLDG I BV P/P 144A 07.5000 02/01/2022 0.05%
PENSKE AUTOMOTIVE GROUP 05.5000 05/15/2026 0.05%
PEOPLES INSURANCE CO 0.05%
POU CHEN 0.05%
PS BUSINESS PARKS INC/CA 0.05%
PULTEGROUP INC. 07.8750 06/15/2032 0.05%
RENAULT SA 0.05%
RETAIL PROPERTIES OF AME - A 0.05%
RITE AID CORP P/P 144A 06.1250 04/01/2023 0.05%
RIVERS PITTSBURGH LP P/P 144A 06.1250 08/15/2021 0.05%
SAINSBURY (J) PLC 0.05%
SAPPI LIMITED 0.05%
SINCLAIR TELEVISION P/P 144A 05.6250 08/01/2024 0.05%
SOLERA LLC / SOLERA P/P 144A 10.5000 03/01/2024 0.05%
SONOCO PRODUCTS CO 0.05%
SPRINT CAPITAL CORPORATION 06.8750 11/15/2028 0.05%
SPST 2017-1 A 02.1161 02/25/2049 0.05%
SPY 20180316 P 205.00JPMCB 0.05%
TAISEI CORP 0.05%
TANGER FACTORY OUTLET CENTER 0.05%
TURKIYE GARANTI BANKASI 0.05%
TWO HARBORS INVESTMENT CORP 0.05%
VESTAS WIND SYSTEMS A/S 0.05%
WATCO COS LLC/FI P/P 144A 06.3750 04/01/2023 0.05%
WEINGARTEN REALTY INVESTORS 0.05%
WOLTERS KLUWER 0.05%
WR GRACE & CO-CONN P/P 144A 05.6250 10/01/2024 0.05%
YY INC-ADR 0.05%
AIR MEDICAL MERGER S P/P 144A 06.3750 05/15/2023 0.04%
AMER TRANS SYST P/P 144A 05.0000 09/01/2044 0.04%
AMERICAN TOWER CORP 04.0000 06/01/2025 0.04%
ASSURED GUARANTY LTD 0.04%
BANCO DO BRASIL S.A. 0.04%
BANK OF AMERICA CORP 03.2480 10/21/2027 0.04%
BANK OF AMERICA CORP 06.1000 12/29/2049 0.04%
BANK OF NOVA SCOTIA USD 02.3500 10/21/2020 0.04%
BARRATT DEVELOPMENTS PLC 0.04%
BEACON ROOFING SUPPL 06.3750 10/01/2023 0.04%
BECTON DICKINSON AND CO 03.7000 06/06/2027 0.04%
BIOGEN INC 03.6250 09/15/2022 0.04%
BLUE CUBE SPINCO INC 09.7500 10/15/2023 0.04%
BOISE CASCADE CO P/P 144A 05.6250 09/01/2024 0.04%
BOMBARDIER INC P/P 144A 08.7500 12/01/2021 0.04%
BRDCOM CRP / FIN P/P 144A 03.8750 01/15/2027 0.04%
BRIGGS & STRATTON CORPORATION 06.8750 12/15/2020 0.04%
BROADRIDGE FINANCIAL SOLUTIO 0.04%
CANTOR FITZGERALD LP P/P 144A 06.5000 06/17/2022 0.04%
CEC ENT INC 08.0000 02/15/2022 0.04%
CENTENE CORP 06.1250 02/15/2024 0.04%
CGCMT 2012-GC8 XA IO P/P 144A 02.1680 09/10/2045 0.04%
CHARLES RIVER LABORATORIES 0.04%
CHINA LESSO GROUP HOLDINGS L 0.04%
CHONGQING RURAL COMMERCIAL-H 0.04%
CITIGROUP INC 05.5000 09/13/2025 0.04%
CNO FINANCIAL GROUP INC 05.2500 05/30/2025 0.04%
COMM 2013-CR11 C P/P 144A 05.3356 08/10/2050 0.04%
COMM 2014-CR17 XA IO 01.3060 05/10/2047 0.04%
COVESTRO AG 0.04%
CSC HOLDINGS LLC 06.7500 11/15/2021 0.04%
CVS HEALTH CORP 04.7500 12/01/2022 0.04%
DAI NIPPON PRINTING CO LTD 0.04%
ECOLAB INC 02.7000 11/01/2026 0.04%
ENDEAVOR ENERGY P/P 144A 08.1250 09/15/2023 0.04%
EVEREST ACQ LLC/FIN 09.3750 05/01/2020 0.04%
EVOLUTION ESCROW P/P 144A 07.5000 03/15/2022 0.04%
FAIRFAX US INC P/P 144A 04.8750 08/13/2024 0.04%
FLEX ACQ CO INC P/P 144A 06.8750 01/15/2025 0.04%
FNR 2012-147 AI IO 03.0000 10/25/2027 0.04%
FORD MOTOR COMPANY 04.3460 12/08/2026 0.04%
FOUR CORNERS PROPERTY TRUST 0.04%
FREEPORT-MCMORAN INC 06.8750 02/15/2023 0.04%
GLP CAPITAL LP / FIN II 05.3750 04/15/2026 0.04%
GNR 2013-99 AS IO 04.8378 06/20/2043 0.04%
GREAT WALL MOTOR COMPANY-H 0.04%
HARVEY NORMAN HOLDINGS LTD 0.04%
HCA INC 05.2500 06/15/2026 0.04%
HOLLY ENERGY PARTNE P/P 144A 06.0000 08/01/2024 0.04%
HOME DEPOT INC 02.6250 06/01/2022 0.04%
HOST HOTELS & RESORTS 05.2500 03/15/2022 0.04%
HOWARD HUGHES CORP P/P 144A 05.3750 03/15/2025 0.04%
HOYA CORP 0.04%
HUNTINGTON INGALLS INDUSTRIE 0.04%
INCEPTION MRGR/RACK P/P 144A 08.6250 11/15/2024 0.04%
IRON MOUNTAIN INCORPORATED 06.0000 08/15/2023 0.04%
ISS A/S 0.04%
ITAU UNIBANCO H-SPON PRF ADR 0.04%
JPMBB 2013-C14 C 04.7206 08/15/2046 0.04%
JPMORGAN CHASE & CO 02.2950 08/15/2021 0.04%
JPMORGAN CHASE & CO 05.3000 12/29/2049 0.04%
KDDI CORP 0.04%
KERRY PROPERTIES LTD 0.04%
KFC HLD/PIZZA HUT/TA P/P 144A 05.2500 06/01/2026 0.04%
KLX INC P/P 144A 05.8750 12/01/2022 0.04%
KONINKLIJKE AHOLD DELHAIZE N 0.04%
KURARAY CO LTD 0.04%
LOUISIANA-PACIFIC CORP 04.8750 09/15/2024 0.04%
MASONITE INTL C P/P 144A 05.6250 03/15/2023 0.04%
MEDIPAL HOLDINGS CORP 0.04%
MFA FINANCIAL INC 0.04%
MGM RESORTS INTL 08.6250 02/01/2019 0.04%
MICROSOFT CORP 02.4000 08/08/2026 0.04%
MISC BHD 0.04%
MRV ENGENHARIA 0.04%
MSRR 2015-R4 CB1 00.5977 08/26/2047 0.04%
NATIONSTAR MORT/ 06.5000 07/01/2021 0.04%
NEIMAN MARCUS TL L+325 04.3387 10/25/2020 0.04%
NEWELL BRANDS INC 04.2000 04/01/2026 0.04%
NEXSTAR BROADC P/P 144A 05.6250 08/01/2024 0.04%
NIELSEN CO LUXEM P/P 144A 05.0000 02/01/2025 0.04%
ONCOR ELECTRIC DELIV 03.7500 04/01/2045 0.04%
ORANGE 0.04%
ORTHO-CLINICAL TLB L+375 04.7827 06/30/2021 0.04%
OSHKOSH CORP 05.3750 03/01/2022 0.04%
PARK-OHIO IND INC P/P 144A 06.6250 04/15/2027 0.04%
PEPSICO INC 0.04%
PERSIMMON PLC 0.04%
POOL CORP 0.04%
POPULAR INC 0.04%
PUGET SOUND ENERGY INC 06.9740 06/01/2067 0.04%
RANGE RESOURCES CORP P/P 144A 05.7500 06/01/2021 0.04%
REGAL ENTERTAINMENT GRP 05.7500 06/15/2023 0.04%
REVLON CONS TLB L+350 04.5438 09/07/2023 0.04%
RIO TINTO PLC 0.04%
ROSE ROCK MIDSTREAM/ 05.6250 07/15/2022 0.04%
SASC 2006-AM1 A4 01.3761 04/25/2036 0.04%
SCOTTS MIRACLE-GRO CO 0.04%
SEVEN GENS ENER P/P 144A 08.2500 05/15/2020 0.04%
SHINHAN FINANCIAL GROUP LTD 0.04%
SOUTHERN STAR CENT P/P 144A 05.1250 07/15/2022 0.04%
SPY 20180216 P 200.00CITI 0.04%
STEEL DYNAMICS INC 06.3750 08/15/2022 0.04%
SUMMIT HOTEL PROPERTIES INC 0.04%
SUN HUNG KAI PROPERTIES 0.04%
SWISS RE TREAS P/P 144A 04.2500 12/06/2042 0.04%
THE WILLIAMS COMPANIES INC. 08.7500 03/15/2032 0.04%
THERMO FISHER SCIENTIFIC INC 0.04%
TIME WARNER INC 03.8000 02/15/2027 0.04%
TMS INTL CORP P/P 144A 07.6250 10/15/2021 0.04%
UNITEDHEALTH GROUP INC 06.0000 02/15/2018 0.04%
UNIVISION COMM P/P 144A 05.1250 02/15/2025 0.04%
US CONCRETE INC 06.3750 06/01/2024 0.04%
USG CORP P/P 144A 05.5000 03/01/2025 0.04%
USIS MERGER SUB INC P/P 144A 06.8750 05/01/2025 0.04%
VALEANT PHARMA P/P 144A 05.3750 03/15/2020 0.04%
VALEANT PHARMA P/P 144A 07.0000 03/15/2024 0.04%
VERIZON COMM 04.5220 09/15/2048 0.04%
WBCMT 2005-C21 D 05.4679 10/15/2044 0.04%
WESTROCK MWV LLC 08.2000 01/15/2030 0.04%
WFRBS 2011-C5 XA IO P/P 144A 01.9276 11/15/2044 0.04%
WFRBS 2012-C10 XA IO P/P 144A 01.7944 12/15/2045 0.04%
WORLD FUEL SERVICES CORP 0.04%
1011778 BC / NEW RED P/P 144A 04.2500 05/15/2024 0.03%
A SCHULMAN INC 06.8750 06/01/2023 0.03%
ABC SUPPLY CO INC P/P 144A 05.7500 12/15/2023 0.03%
AGREE REALTY CORP 0.03%
AIG GLOBAL FUNDING P/P 144A 02.1500 07/02/2020 0.03%
AIR LEASE CORP 03.3750 06/01/2021 0.03%
AIRASIA BHD 0.03%
ALLEGHENY TECHNOLOGIES INC 09.3750 06/01/2019 0.03%
ALLIANCE DATA SYS CO P/P 144A 05.3750 08/01/2022 0.03%
ALLISON TRANSMISSION P/P 144A 05.0000 10/01/2024 0.03%
ANHEUSER-BUSCH INBEV FIN 01.2500 01/17/2018 0.03%
ANHEUSER-BUSCH INBEV FIN 03.6500 02/01/2026 0.03%
APPLE HOSPITALITY REIT INC 0.03%
ARAMARK 0.03%
ARC PROP OPER PART L 04.6000 02/06/2024 0.03%
ASP AMC MERGER SUB P/P 144A 08.0000 05/15/2025 0.03%
ASPEN INSURANCE HOLDINGS LTD 0.03%
AT&T INC 03.4000 05/15/2025 0.03%
AT&T INC 04.7500 05/15/2046 0.03%
ATLAS COPCO AB-A SHS 0.03%
AUTONATION INC. 05.5000 02/01/2020 0.03%
BERRY PLASTICS CORP 05.1250 07/15/2023 0.03%
BRANDYWINE REALTY TRUST 0.03%
BRITISH AMERICAN TOBACCO PLC 0.03%
BT GROUP PLC 0.03%
BUILDERS FIRSTSOURCE P/P 144A 10.7500 08/15/2023 0.03%
CBRE SERVICES INC 05.2500 03/15/2025 0.03%
CBS OUT AMER CAP LLC 05.8750 03/15/2025 0.03%
CELANESE US HOLDINGS LLC 04.6250 11/15/2022 0.03%
CENOVUS ENERGY INC USD 06.7500 11/15/2039 0.03%
CENTURYLINK INC 06.7500 12/01/2023 0.03%
CHARTER COMM OPT LLC P/P 144A 05.3750 05/01/2047 0.03%
CHEMOURS CO 05.3750 05/15/2027 0.03%
CHEMOURS CO 07.0000 05/15/2025 0.03%
CHESAPEAKE ENERGY CO P/P 144A 08.0000 12/15/2022 0.03%
CITIGROUP INC 02.6500 10/26/2020 0.03%
CNG HOLDINGS INC P/P 144A 09.3750 05/15/2020 0.03%
COMMERCEHUB INC-SERIES C 0.03%
CONTINENTAL RES 04.5000 04/15/2023 0.03%
CPURNSA R 1.76 P 07/08/26 BA 0.03%
CWCI 2007-C3 AJ 06.0607 05/15/2046 0.03%
DEAN FOODS CO P/P 144A 06.5000 03/15/2023 0.03%
DGB FINANCIAL GROUP INC 0.03%
DIAMONDBACK ENER P/P 144A 05.3750 05/31/2025 0.03%
DOW CHEMICAL CO/THE 03.5000 10/01/2024 0.03%
E.I. DU PONT DE NEMOURS 01.6996 05/01/2020 0.03%
ELDORADO RESORTS INC 07.0000 08/01/2023 0.03%
ENBRIDGE INC USD 04.2500 12/01/2026 0.03%
EPR PROPERTIES 05.7500 CUM CV PFD 0.03%
EQUITY COMMONWEALTH 0.03%
ERAC USA FINANCE LLC P/P 144A 05.6250 03/15/2042 0.03%
ESH HOSPITALITY INC P/P 144A 05.2500 05/01/2025 0.03%
EXPEDIA INC 05.0000 02/15/2026 0.03%
FHR 3829 AS IO 05.7911 03/15/2041 0.03%
FNR 2012-58 SM IO 05.2839 06/25/2042 0.03%
FORD OTOMOTIV 0.03%
FOREST CITY REALTY TRUST- A 0.03%
FTS INTL INC P/P 144A 08.7456 06/15/2020 0.03%
GENERAL MOTORS FINL CO 04.0000 10/06/2026 0.03%
GETTY IMAGES TLB L+350 04.7500 10/18/2019 0.03%
GRAY TELEVISION INC P/P 144A 05.8750 07/15/2026 0.03%
GREAT LAKES D&D P/P 144A 08.0000 05/15/2022 0.03%
GREAT PLAINS ENERGY INC 04.8500 04/01/2047 0.03%
GSMS 2013-GC12 C 04.1790 06/10/2046 0.03%
GW HONOS SECURITY CO P/P 144A 08.7500 05/15/2025 0.03%
HCA INC 03.7500 03/15/2019 0.03%
HIGH RIDGE BRANDS CO P/P 144A 08.8750 03/15/2025 0.03%
HITACHI CHEMICAL CO LTD 0.03%
HSBC HOLDINGS PLC 0.03%
HUB INTL LTD P/P 144A 07.8750 10/01/2021 0.03%
HYATT HOTELS CORP 04.8500 03/15/2026 0.03%
HYUNDAI MARINE 0.03%
ICAHN ENTER/FIN 06.0000 08/01/2020 0.03%
INTELSAT JACKSON HLD P/P 144A 09.7500 07/15/2025 0.03%
INTERCONTINENTAL EXCHANGE IN 0.03%
JO-ANN HOLDCO P/P 144A 09.7500 10/15/2019 0.03%
JOSEPH T RYERSON & S P/P 144A 11.0000 05/15/2022 0.03%
JPMCC 2005-LDP5 F 05.8239 12/15/2044 0.03%
JPMORGAN CHASE & CO 04.1250 12/15/2026 0.03%
KELLOGG CO 03.2500 04/01/2026 0.03%
KINDER MORGAN ENER PART 03.4500 02/15/2023 0.03%
KKR GROUP FINANCE CO P/P 144A 06.3750 09/29/2020 0.03%
LAREDO PETROLEUM INC 07.3750 05/01/2022 0.03%
LENNAR CORP 04.7500 11/15/2022 0.03%
LIONS GATE ENT P/P 144A 05.8750 11/01/2024 0.03%
LPL HOLDINGS INC P/P 144A 05.7500 09/15/2025 0.03%
MACQUARIE BANK LTD P/P 144A 02.8500 07/29/2020 0.03%
MAPFRE SA 0.03%
MATTAMY GROUP CORP P/P 144A 06.5000 11/15/2020 0.03%
MAZDA MOTOR CORP 0.03%
MERCER INTL INC P/P 144A 06.5000 02/01/2024 0.03%
MGM RESORTS INTERNATIONAL 06.7500 10/01/2020 0.03%
MICROSOFT CORP 03.3000 02/06/2027 0.03%
MITSUBISHI GAS CHEMICAL CO 0.03%
MIXI INC 0.03%
MONSANTO CO 05.5000 08/15/2025 0.03%
MOOG INC P/P 144A 05.2500 12/01/2022 0.03%
MOTIVA ENTERPRISES P/P 144A 05.7500 01/15/2020 0.03%
MSBAM 2012-C5 AS 03.7920 08/15/2045 0.03%
MSBAM 2014-C17 XA IO 01.4010 08/15/2047 0.03%
MSC 2006-HQ8 D 05.6280 03/12/2044 0.03%
NETEASE INC-ADR 0.03%
NEUBERGER BERMAN GRP P/P 144A 04.8750 04/15/2045 0.03%
NOVA CHEMICALS CORP P/P 144A 04.8750 06/01/2024 0.03%
OCCIDENTAL PETROLEUM COR 04.4000 04/15/2046 0.03%
OMEGA HLTHCARE INVES 04.5000 04/01/2027 0.03%
OMNICOM GROUP INC 03.6000 04/15/2026 0.03%
ORTHO-CLINICAL INC/S P/P 144A 06.6250 05/15/2022 0.03%
OTSUKA CORP 0.03%
PETROLEOS DE VEN P/P 144A 06.0000 11/15/2026 0.03%
PLANTRONICS INC P/P 144A 05.5000 05/31/2023 0.03%
PRECISION DRILLING C P/P 144A 07.7500 12/15/2023 0.03%
PRESIDENT CHAIN STORE CORP 0.03%
PRICELINE GROUP INC/THE 03.6500 03/15/2025 0.03%
PROVIDENT FDG/PFG FI P/P 144A 06.3750 06/15/2025 0.03%
QUALITY CARE PROPERTIES 0.03%
RADIANT OPTO-ELECTRONICS COR 0.03%
RANDSTAD HOLDING NV 0.03%
REVLON CONSUMER PROD 06.2500 08/01/2024 0.03%
REYNOLDS GRP ISS/REY P/P 144A 07.0000 07/15/2024 0.03%
ROYAL BANK OF CANADA USD 02.1250 03/02/2020 0.03%
RTL GROUP 0.03%
SABINE PASS LIQUEF 05.0000 03/15/2027 0.03%
SABRE GLBL INC P/P 144A 05.3750 04/15/2023 0.03%
SEALED AIR CORP P/P 144A 06.8750 07/15/2033 0.03%
SEKISUI CHEMICAL CO LTD 0.03%
SHELF DRILL HOLD LTD P/P 144A 09.5000 11/02/2020 0.03%
SHIN-ETSU CHEMICAL CO LTD 0.03%
SM ENERGY CO 06.1250 11/15/2022 0.03%
SM ENERGY CO 06.5000 11/15/2021 0.03%
SMURFIT KAPPA TREASURY USD 07.5000 11/20/2025 0.03%
STANDARD IND INC P/P 144A 05.3750 11/15/2024 0.03%
STERIGENICS-NORDION P/P 144A 06.5000 05/15/2023 0.03%
SUMITOMO MITSUI TRUST HOLDIN 0.03%
TEXAS GAS TRANSMISN P/P 144A 04.5000 02/01/2021 0.03%
THE NEIMAN MARCUS GROUP LLC 07.1250 06/01/2028 0.03%
TOHOKU ELECTRIC POWER CO INC 0.03%
TORONTO-DOMINION BANK USD 03.6250 09/15/2031 0.03%
TRANSCANADA TRUST USD 05.3000 03/15/2077 0.03%
TRANSDIGM INC 06.3750 06/15/2026 0.03%
TRI POINTE GROUP / HOMES 05.8750 06/15/2024 0.03%
TRIPOD TECHNOLOGY CORP 0.03%
UBSBB 2012-C2 D P/P 144A 05.0554 05/10/2063 0.03%
UBSBB 2012-C3 C P/P 144A 05.1915 08/10/2049 0.03%
UNITEDHEALTH GROUP INC 04.7000 02/15/2021 0.03%
VERIZON COMMUNICATIONS 04.1250 03/16/2027 0.03%
VOESTALPINE AG 0.03%
WAMU 2005-AR10 1A3 02.8076 09/25/2035 0.03%
WELLS FARGO & COMPANY 05.8750 12/29/2049 0.03%
WERNER FINCO LP/INC P/P 144A 08.7500 07/15/2025 0.03%
WEST CORP P/P 144A 05.3750 07/15/2022 0.03%
WESTPAC BANKING CORP USD 02.0000 08/19/2021 0.03%
WFCM 2013-LC12 C 04.4307 07/15/2046 0.03%
WFRBS 2011-C3 D P/P 144A 05.8131 03/15/2044 0.03%
WFRBS 2013-C15 C 04.6285 08/15/2046 0.03%
WFRBS 2013-UBS1 AS 04.3060 03/15/2046 0.03%
WHARF HOLDINGS LTD 0.03%
WOORI BANK 0.03%
WPX ENERGY INC 08.2500 08/01/2023 0.03%
1011778 BC / NEW RED P/P 144A 04.6250 01/15/2022 0.02%
AERCAP HOLDINGS NV 0.02%
AES CORP/VA 04.8750 05/15/2023 0.02%
ALLIANCE RES OP/FINA P/P 144A 07.5000 05/01/2025 0.02%
ALLIANT HLDG INT LLC P/P 144A 08.2500 08/01/2023 0.02%
AMAG PHARMA INC P/P 144A 07.8750 09/01/2023 0.02%
AMAZON.COM INC 0.02%
AMC ENTERTAINMENT HOLDIN 05.7500 06/15/2025 0.02%
AMC ENTERTAINMENT HOLDIN 05.8750 02/15/2022 0.02%
AMERICAN TOWER CORP 03.1250 01/15/2027 0.02%
ANTERO RESOURCES COR 05.6250 06/01/2023 0.02%
APPLE INC 04.3750 05/13/2045 0.02%
ARCELORMITTAL USD 07.5000 10/15/2039 0.02%
ASCENT RESOURCES/AEU P/P 144A 10.0000 04/01/2022 0.02%
AUTOMATION TOOLING S P/P 144A 06.5000 06/15/2023 0.02%
BANDAI NAMCO HOLDINGS INC 0.02%
BOYD GAMING CORP 06.3750 04/01/2026 0.02%
BRAND ENERGY & I P/P 144A 08.5000 07/15/2025 0.02%
BROOKFIELD RESID PRO P/P 144A 06.1250 07/01/2022 0.02%
CALFRAC HOLDINGS LP P/P 144A 07.5000 12/01/2020 0.02%
CANTOR FITZGERALD LP P/P 144A 07.8750 10/15/2019 0.02%
CBRE SERVICES INC 04.8750 03/01/2026 0.02%
CBS CORP 02.9000 01/15/2027 0.02%
CBS CORP 03.5000 01/15/2025 0.02%
CBS CORP 04.6000 01/15/2045 0.02%
CCO HLDGS LLC/CAP C P/P 144A 05.5000 05/01/2026 0.02%
CCO HLDGS LLC/CAP CO P/P 144A 05.1250 05/01/2023 0.02%
CENOVUS ENERGY INC P/P 144A 04.2500 04/15/2027 0.02%
CERIDIAN HCM HOLDING P/P 144A 11.0000 03/15/2021 0.02%
CHARTER COMM OPT LLC 04.9080 07/23/2025 0.02%
CHEVRON CORP 01.5610 05/16/2019 0.02%
CHINA MOBILE LTD 0.02%
CHS/COMMUNITY HEALTH SYS 06.2500 03/31/2023 0.02%
CIFI HOLDINGS GROUP CO LTD 0.02%
CINEMARK USA INC 04.8750 06/01/2023 0.02%
CIT GROUP INC 05.0000 08/01/2023 0.02%
CITIGROUP INC 05.9500 12/29/2049 0.02%
CITIGROUP INC 06.2500 12/29/2049 0.02%
CLEAR CHNL WORLD 07.6250 03/15/2020 0.02%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CS 0.02%
COMCAST CORP 03.3750 02/15/2025 0.02%
COMCAST CORP 06.9500 08/15/2037 0.02%
COMM 2013-CR11 XA IO 01.3078 08/10/2050 0.02%
CONTINENTAL RESOURCES 04.9000 06/01/2044 0.02%
COVEY PARK ENERGY LL P/P 144A 07.5000 05/15/2025 0.02%
CPG MERGER SUB LLC P/P 144A 08.0000 10/01/2021 0.02%
CPURNSA R 1.88 P 05/06/26 BA 0.02%
CREDIT ACCEPTANC 06.1250 02/15/2021 0.02%
CREDIT ACCEPTANC 07.3750 03/15/2023 0.02%
CROWN CASTLE INTL CORP 03.7000 06/15/2026 0.02%
CROWN CORK & SEAL CO INC 07.3750 12/15/2026 0.02%
CWALT 2007-OH1 A1D 01.4261 04/25/2047 0.02%
DAIWA SECURITIES GROUP INC 0.02%
DAKOTA MERGER SUB P/P 144A 10.7500 09/01/2024 0.02%
DENBURY RESOURCES IN P/P 144A 09.0000 05/15/2021 0.02%
DENBURY RESOURCES INC 06.3750 08/15/2021 0.02%
DYNEGY INC. 06.7500 11/01/2019 0.02%
EAGLE HLDG CO II LLC P/P 144A 07.6250 05/15/2022 0.02%
EASTERLY GOVERNMENT PROPERTI 0.02%
EL PASO NATURAL GAS 08.3750 06/15/2032 0.02%
EMPIRE STATE REALTY TRUST-A 0.02%
ENERGY TRANSFER LP 04.2000 04/15/2027 0.02%
EP ENER/EVEREST P/P 144A 08.0000 11/29/2024 0.02%
ERAC USA FINANCE LLC P/P 144A 04.5000 02/15/2045 0.02%
EUR/USD 09/20/2017 CITI 0.02%
FIFTH THIRD BANCORP 05.1000 12/29/2049 0.02%
FREEPORT-MCMORAN INC 06.7500 02/01/2022 0.02%
FRESENIUS SE & CO KGAA 0.02%
FRONTIER COMM 10.5000 09/15/2022 0.02%
FRONTIER COMM 11.0000 09/15/2025 0.02%
GARTNER INC P/P 144A 05.1250 04/01/2025 0.02%
GLP CAP LP / FIN II 04.8750 11/01/2020 0.02%
GNR 2015-H26 DI IO 02.0798 10/20/2065 0.02%
GOLDMAN SACHS GROUP INC 07.5000 02/15/2019 0.02%
GRAHAM HOLDINGS CO-CLASS B 0.02%
GSAA 2007-6 1A1 01.3361 05/25/2047 0.02%
GSMS 2014-GC22 C 04.8006 06/10/2047 0.02%
HALYARD HEALTH INC 06.2500 10/15/2022 0.02%
HANESBRANDS INC P/P 144A 04.6250 05/15/2024 0.02%
HEALTHCARE REALTY TRUST INC 03.8750 05/01/2025 0.02%
HEICO CORP 0.02%
HERSHA HOSPITALITY TRUST 0.02%
HUDBAY MINERALS INC P/P 144A 07.6250 01/15/2025 0.02%
IBERDROLA SA 0.02%
ICAHN ENTER/FIN 06.7500 02/01/2024 0.02%
ICAHN ENTERPRISES/FI 06.2500 02/01/2022 0.02%
INNOGY SE 0.02%
INTL CONSOLIDATED AIRLINE-DI 0.02%
INTUITIVE SURGICAL INC 0.02%
JACK OHIO FIN LLC/FI P/P 144A 06.7500 11/15/2021 0.02%
JAGUAR HL / PPDI P/P 144A 06.3750 08/01/2023 0.02%
JOHNSON CONTROLS INTL PL 04.5000 02/15/2047 0.02%
JOHNSON CONTROLS INTL PL 04.9500 07/02/2064 0.02%
JTEKT CORP 0.02%
KAJIMA CORP 0.02%
KIMBERLY-CLARK DE MEXICO-A 0.02%
KINDER MORGAN ENER PART 05.4000 09/01/2044 0.02%
KINETIC CONCEPT/KCI P/P 144A 12.5000 11/01/2021 0.02%
KRATON POLYMERS LLC/ P/P 144A 07.0000 04/15/2025 0.02%
LAGARDERE SCA 0.02%
LAMAR MEDIA CORP 05.8750 02/01/2022 0.02%
LANDRY'S INC P/P 144A 06.7500 10/15/2024 0.02%
LIBERTY EXPEDIA HOLD-A 0.02%
LIVE NATION ENT P/P 144A 04.8750 11/01/2024 0.02%
LLOYDS BANKING GROUP P/P 144A 06.6570 12/29/2049 0.02%
MACQUARIE MEXICO RE 0.02%
MALLINCKRODT FIN/SB P/P 144A 05.5000 04/15/2025 0.02%
MARRIOTT INTERNATIONAL -CL A 0.02%
MATTAMY GROUP CORP P/P 144A 06.8750 12/15/2023 0.02%
MEG ENERGY CORP P/P 144A 06.5000 01/15/2025 0.02%
MERCER INTL INC USD 07.7500 12/01/2022 0.02%
MGP ESCROW ISSUER/CO 05.6250 05/01/2024 0.02%
MICRON TECH INC 05.8750 02/15/2022 0.02%
MLMI 2005-A2 A2 02.9811 02/25/2035 0.02%
MOLINA HEALTHCARE IN 05.3750 11/15/2022 0.02%
MPLX LP 04.1250 03/01/2027 0.02%
MSBAM 2013-C12 XA IO 01.0598 10/15/2046 0.02%
MSC 2007-HQ11 AJ 05.5080 02/12/2044 0.02%
MURRAY ENERGY CORP P/P 144A 11.2500 04/15/2021 0.02%
NEWFIELD EXPLORATION CO 05.7500 01/30/2022 0.02%
NOBLE HOLDING INTL LTD USD 07.7500 01/15/2024 0.02%
NOMURA REAL ESTATE HOLDINGS 0.02%
NOVA CHEMICALS CORP P/P 144A 05.2500 06/01/2027 0.02%
NRG ENERGY INC 07.8750 05/15/2021 0.02%
O'REILLY AUTOMOTIVE INC 03.5500 03/15/2026 0.02%
ONEMAIN FIN HLDG INC P/P 144A 07.2500 12/15/2021 0.02%
PARK HOTELS & RESORTS INC 0.02%
PARSLEY ENERGY P/P 144A 05.3750 01/15/2025 0.02%
PENN NATIONAL GAMING P/P 144A 05.6250 01/15/2027 0.02%
PENSKE AUTO GRP INC 05.7500 10/01/2022 0.02%
PEPSICO INC 03.4500 10/06/2046 0.02%
POMEGRANATE MERGER S P/P 144A 09.7500 05/01/2023 0.02%
PRESTIGE BRANDS INC P/P 144A 05.3750 12/15/2021 0.02%
QVC INC 04.4500 02/15/2025 0.02%
REALOGY GROUP/CO-ISS P/P 144A 04.8750 06/01/2023 0.02%
REGENCY ENERGY P 04.5000 11/01/2023 0.02%
REVLON CONSUMER PRODS 05.7500 02/15/2021 0.02%
REYNOLDS GRP ISS/REY P/P 144A 04.6584 07/15/2021 0.02%
ROCKWELL COLLINS INC 04.3500 04/15/2047 0.02%
ROYAL BANK OF CANADA USD 04.6500 01/27/2026 0.02%
S&P GLOBAL INC 02.9500 01/22/2027 0.02%
S&P GLOBAL INC 04.4000 02/15/2026 0.02%
SABINE PASS LIQUEFAC P/P 144A 04.2000 03/15/2028 0.02%
SEK/USD 09/20/2017 SSBT 0.02%
SHIRE ACQ INV IE 03.2000 09/23/2026 0.02%
SHIRE ACQ INV IRELAND DA USD 02.8750 09/23/2023 0.02%
SIRIUS XM RADIO INC P/P 144A 06.0000 07/15/2024 0.02%
SIX FLAGS ENT P/P 144A 04.8750 07/31/2024 0.02%
SM ENERGY CO 06.7500 09/15/2026 0.02%
SPECTRA ENERGY PARTNERS 03.3750 10/15/2026 0.02%
SPECTRUM BRANDS INC 05.7500 07/15/2025 0.02%
SPECTRUM BRANDS INC 06.1250 12/15/2024 0.02%
SPRINGLEAF FINANCE CORP 06.1250 05/15/2022 0.02%
SPY 20180119 P 195.00JPMCB 0.02%
STEEL DYNAMICS INC 05.0000 12/15/2026 0.02%
STEEL DYNAMICS INC 05.5000 10/01/2024 0.02%
SUGAR HSP GAMING P/P 144A 05.8750 05/15/2025 0.02%
T-MOBILE USA INC 06.1250 01/15/2022 0.02%
T-MOBILE USA INC 06.3750 03/01/2025 0.02%
TARGA RES PRTNRS P/P 144A 05.3750 02/01/2027 0.02%
TAYLOR MORRISON COMM P/P 144A 05.2500 04/15/2021 0.02%
TEMPO ACQ LLC/FI P/P 144A 06.7500 06/01/2025 0.02%
TENET HEALTHCARE 04.7500 06/01/2020 0.02%
TENNECO INC 05.0000 07/15/2026 0.02%
TENNECO INC 05.3750 12/15/2024 0.02%
TEVA PHARMACEUTICALS NE USD 03.1500 10/01/2026 0.02%
TIME WARNER INC 02.9500 07/15/2026 0.02%
TRIBUNE MEDIA CO 05.8750 07/15/2022 0.02%
TURKEY GOVERNMENT BOND TRY 11.0000 03/02/2022 0.02%
TYSON FOODS INC 05.1500 08/15/2044 0.02%
UNITED AIR 2014-2 A PTT 03.7500 09/03/2026 0.02%
UNIVAR USA INC P/P 144A 06.7500 07/15/2023 0.02%
US CONCRETE INC P/P 144A 06.3750 06/01/2024 0.02%
USG CORP P/P 144A 04.8750 06/01/2027 0.02%
VENATOR FIN SARL/VEN P/P 144A 05.7500 07/15/2025 0.02%
WAL-MART STORES INC 06.5000 08/15/2037 0.02%
WALGREENS BOOTS ALLIANCE 03.3000 11/18/2021 0.02%
WEATHERFORD BERMUDA P/P 144A 09.8750 02/15/2024 0.02%
WEEKLEY HOMES LLC 06.0000 02/01/2023 0.02%
WESTROCK MWV LLC 07.9500 02/15/2031 0.02%
WFCM 2012-LC5 XA IO P/P 144A 02.1539 10/15/2045 0.02%
WFRBS 2014-C19 C 04.6460 03/15/2047 0.02%
WIDEOPENWEST FIN 10.2500 07/15/2019 0.02%
WILLIAMS PARTNERS LP 04.3000 03/04/2024 0.02%
WILMAR INTERNATIONAL LTD 0.02%
WINDSTREAM SERVICES LLC 06.3750 08/01/2023 0.02%
WMG ACQUISITION CORP P/P 144A 05.0000 08/01/2023 0.02%
WOLVERINE WORLD WIDE P/P 144A 05.0000 09/01/2026 0.02%
WYNDHAM WORLDWIDE CORP 04.5000 04/01/2027 0.02%
WYNDHAM WORLDWIDE CORP 05.6250 03/01/2021 0.02%
WYNN LAS VEGAS P/P 144A 05.2500 05/15/2027 0.02%
YUE YUEN INDUS 0.02%
ZEKELMAN IND INC P/P 144A 09.8750 06/15/2023 0.02%
ZHENGZHOU YUTONG BUS 144A/REGS WARRANT 7/24/2017 0.02%
1011778 BC / NEW RED P/P 144A 06.0000 04/01/2022 0.01%
ABBVIE INC 02.9000 11/06/2022 0.01%
ABBVIE INC 03.6000 05/14/2025 0.01%
AEROFLOT PJSC 0.01%
AGRIUM INC USD 05.2500 01/15/2045 0.01%
ALFRESA HOLDINGS CORP 0.01%
ALLEGHENY TECHNOLOGIES 05.9500 01/15/2021 0.01%
ALLERGAN FUNDING SCS USD 03.4500 03/15/2022 0.01%
ALLERGAN FUNDING SCS USD 04.7500 03/15/2045 0.01%
ALPINE FIN MERGER P/P 144A 06.8750 08/01/2025 0.01%
AMC ENT HOLDIN P/P 144A 05.8750 11/15/2026 0.01%
AMC ENT HOLDIN P/P 144A 06.1250 05/15/2027 0.01%
ANTERO RESOURCES 05.3750 11/01/2021 0.01%
ANTERO RESOURCES FIN 05.1250 12/01/2022 0.01%
APPLE INC 04.2500 02/09/2047 0.01%
ARCELORMITTAL USD 06.1250 06/01/2025 0.01%
ASAHI GLASS CO LTD 0.01%
ASTRAZENECA PLC USD 06.4500 09/15/2037 0.01%
AU OPTRONICS CORP 0.01%
AUD/USD 07/19/2017 RBSF 0.01%
BACM 2005-1 AJ 05.5567 11/10/2042 0.01%
BANK OF AMERICA CORP 02.1510 11/09/2020 0.01%
BANK OF AMERICA CORP 06.5000 10/29/2049 0.01%
BEIERSDORF AG 0.01%
BELDEN INC P/P 144A 05.5000 09/01/2022 0.01%
BERKSHIRE HATHAWAY ENERG 06.1250 04/01/2036 0.01%
BERRY PLASTICS CORP 05.5000 05/15/2022 0.01%
BOARDWALK PIPELINES LP 04.4500 07/15/2027 0.01%
BON-TON DEPT STORES 08.0000 06/15/2021 0.01%
BOYD GAMING CORPORATION 06.8750 05/15/2023 0.01%
BURLINGTN NORTH SANTA FE 05.7500 05/01/2040 0.01%
BWAY HOLDING CO P/P 144A 05.5000 04/15/2024 0.01%
CAD/USD 07/19/2017 CITI 0.01%
CAD/USD 07/19/2017 CSI-FX 0.01%
CAD/USD 07/19/2017 JPMCB 0.01%
CAD/USD 07/19/2017 WPAC 0.01%
CAESARS GROWTH PROP TL L+300 04.0447 05/08/2021 0.01%
CALATLANTIC GROUP INC 05.8750 11/15/2024 0.01%
CALATLANTIC GROUP INC. 06.2500 12/15/2021 0.01%
CALIFORNIA RESOURCES 05.0000 01/15/2020 0.01%
CALIFORNIA RESOURCES P/P 144A 08.0000 12/15/2022 0.01%
CALPINE CORP P/P 144A 05.8750 01/15/2024 0.01%
CANADIAN NATL RESOURCES USD 03.8500 06/01/2027 0.01%
CAS 2015-C04 2M2 06.7661 04/25/2028 0.01%
CAS 2016-C06 1M2 05.4661 04/25/2029 0.01%
CBRE SERVICES INC 05.0000 03/15/2023 0.01%
CBS OUT AMER CAP LLC 05.6250 02/15/2024 0.01%
CBS RADIO INC P/P 144A 07.2500 11/01/2024 0.01%
CCM MERGER INC P/P 144A 06.0000 03/15/2022 0.01%
CCO HLDGS LLC/CAP CO P/P 144A 05.7500 02/15/2026 0.01%
CDK GLOBAL INC P/P 144A 04.8750 06/01/2027 0.01%
CENTENE CORP 04.7500 01/15/2025 0.01%
CENTENE CORP 04.7500 05/15/2022 0.01%
CENTURYLINK INC 05.6250 04/01/2020 0.01%
CEQUEL COM HLDG I/CA P/P 144A 05.1250 12/15/2021 0.01%
CHAILEASE HOLDING CO LTD 0.01%
CHESAPEAKE ENERGY CO P/P 144A 08.0000 06/15/2027 0.01%
CHESAPEAKE ENERGY CORP 05.7500 03/15/2023 0.01%
CHINA DONGXIANG GROUP CO 0.01%
CHINA HUARONG ASSET 0.01%
CISCO SYSTEMS INC 0.01%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 GS 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.01%
COCA-COLA CO/THE 02.2500 09/01/2026 0.01%
COLGATE-PALMOLIVE CO 0.01%
COMM 2014-CR16 XA IO 01.3542 04/10/2047 0.01%
CONCHO RESOURCES INC 05.5000 04/01/2023 0.01%
CONCORDIA INTL P/P 144A 07.0000 04/15/2023 0.01%
CONCORDIA INTL P/P 144A 09.0000 04/01/2022 0.01%
CONSOLIDATED EDISON INC 02.0000 03/15/2020 0.01%
CONSTELLATION BRANDS INC 03.7000 12/06/2026 0.01%
CONTINENTAL RESOURCES 03.8000 06/01/2024 0.01%
CPG INTL TL L+375 04.8968 05/03/2024 0.01%
CPURNSA R 1.858 P 04/07/26 CI 0.01%
CROWN CASTLE INTL CORP 04.8750 04/15/2022 0.01%
DAVITA INC 0.01%
DCP MIDSTREAM OPERATING 02.7000 04/01/2019 0.01%
DEUTSCHE LUFTHANSA-REG 0.01%
DEUTSCHE TELEKOM INT FIN USD 08.7500 06/15/2030 0.01%
DFC FINANCE CORP P/P 144A 10.5000 06/15/2020 0.01%
DIAGEO INVESTMENT CORP 08.0000 09/15/2022 0.01%
DIAMOND 1 FIN/DIAMON P/P 144A 08.3500 07/15/2046 0.01%
DIAMONDBACK ENER P/P 144A 04.7500 11/01/2024 0.01%
DUKE REALTY LP 04.3750 06/15/2022 0.01%
DYNEGY INC 07.3750 11/01/2022 0.01%
EASTMAN CHEMICAL CO 03.8000 03/15/2025 0.01%
ELDORADO RESORTS INC P/P 144A 06.0000 04/01/2025 0.01%
EMERA US FINANCE LP 03.5500 06/15/2026 0.01%
ENERGY TRANSFER LP 06.1250 12/15/2045 0.01%
EUR/USD 09/20/2017 HSBCB 0.01%
EUTELSAT COMMUNICATIONS 0.01%
EW SCRIPPS CO P/P 144A 05.1250 05/15/2025 0.01%
FIDELITY NATIONAL INFORM 05.0000 10/15/2025 0.01%
FORTESCUE METALS GROUP LTD 0.01%
FRONTIER COMMUNICATIONS 07.6250 04/15/2024 0.01%
GAS NATURAL SDG SA 0.01%
GENERAL ELECTRIC CO 04.5000 03/11/2044 0.01%
GENERAL MOTORS FINL CO 04.3000 07/13/2025 0.01%
GETTY REALTY CORP 0.01%
GRINDING MEDIA/M P/P 144A 07.3750 12/15/2023 0.01%
HAKUHODO DY HOLDINGS INC 0.01%
HALCON RESOURCES COR P/P 144A 12.0000 02/15/2022 0.01%
HALCON RESOURCES CORP 0.01%
HCA INC 05.0000 03/15/2024 0.01%
HOSPITALITY PROPERTIES T 04.5000 03/15/2025 0.01%
HUB HLDG LLC/HUB HOL P/P 144A 08.1250 07/15/2019 0.01%
ICAHN ENTERPRISES/FI 05.8750 02/01/2022 0.01%
IHS MARKIT LTD P/P 144A 04.7500 02/15/2025 0.01%
INFOR US INC 06.5000 05/15/2022 0.01%
INTELSAT JACKSON HLDG USD 07.5000 04/01/2021 0.01%
INTELSAT LUXEMB USD 07.7500 06/01/2021 0.01%
INVISTA FINANCE LLC P/P 144A 04.2500 10/15/2019 0.01%
IOS.FN30.400.10 R USL1M P 01/12/41 BC 0.01%
ISTAR INC 06.0000 04/01/2022 0.01%
ISTAR INC. 05.0000 07/01/2019 0.01%
JABIL INC 08.2500 03/15/2018 0.01%
JACOBS ENT INC P/P 144A 07.8750 02/01/2024 0.01%
JAPAN AIRLINES CO LTD 0.01%
JAPANESE YEN CALL ACCOUNT 0.01%
JPMCC 2006-LDP7 B 06.1385 04/17/2045 0.01%
JPY/USD 08/16/2017 GSFX 0.01%
JPY/USD 08/16/2017 WPAC 0.01%
KB FINANCIAL GROUP INC 0.01%
KFC HLD/PIZZA HUT/TA P/P 144A 04.7500 06/01/2027 0.01%
KFC HLD/PIZZA HUT/TA P/P 144A 05.0000 06/01/2024 0.01%
KKR GROUP FIN CO III P/P 144A 05.1250 06/01/2044 0.01%
KOREA ELECTRIC POWER CORP 0.01%
LAMAR MEDIA CORP 05.3750 01/15/2024 0.01%
LAREDO PETROLEUM INC 05.6250 01/15/2022 0.01%
LEAR CORP 05.3750 03/15/2024 0.01%
LEGRAND FRANCE USD 08.5000 02/15/2025 0.01%
MEDTRONIC INC 03.5000 03/15/2025 0.01%
MEDTRONIC INC 04.3750 03/15/2035 0.01%
MEG ENERGY CORP P/P 144A 07.0000 03/31/2024 0.01%
METHANEX CORP USD 05.6500 12/01/2044 0.01%
MGM RESORTS INTL 05.2500 03/31/2020 0.01%
MID-AMERICA APARTMENTS 04.3000 10/15/2023 0.01%
MIDAMERICAN FUNDING LLC 06.9270 03/01/2029 0.01%
MITSUBISHI MATERIALS CORP 0.01%
MOLINA HEALTHCARE IN P/P 144A 04.8750 06/15/2025 0.01%
MONMOUTH REAL ESTATE INV COR 0.01%
MOODY'S CORPORATION P/P 144A 03.2500 01/15/2028 0.01%
NASPERS LTD-N SHS 0.01%
NEW GOLD INC P/P 144A 06.2500 11/15/2022 0.01%
NEW GOLD INC P/P 144A 06.3750 05/15/2025 0.01%
NEWS CORP - CLASS B 0.01%
NIELSEN FIN LLC/CO P/P 144A 05.0000 04/15/2022 0.01%
NINE POINT ENERGY CNV PRF 0.01%
NOBLE HOLDING INTL LTD USD 06.0500 03/01/2041 0.01%
NTT DOCOMO INC 0.01%
NZD/USD 07/19/2017 HSBCB 0.01%
PENSKE AUTOMOTIVE GROUP 05.3750 12/01/2024 0.01%
PENSKE TRUCK LE P/P 144A 03.4000 11/15/2026 0.01%
PETSMART INC P/P 144A 07.1250 03/15/2023 0.01%
PILGRIM'S PRIDE CORP P/P 144A 05.7500 03/15/2025 0.01%
PLATFORM SPECIALTY P/P 144A 06.5000 02/01/2022 0.01%
PULTEGROUP INC 05.5000 03/01/2026 0.01%
QUEBECOR MEDIA INC USD 05.7500 01/15/2023 0.01%
REALTY INCOME CORP 0.01%
REED ELSEVIER PLC 0.01%
REGAL ENTERTAINMENT GRP 05.7500 02/01/2025 0.01%
REGENCY ENERGY PART/FINA 05.8750 03/01/2022 0.01%
RIO TINTO LTD 0.01%
SANDRIDGE ENERGY INC 0.01%
SCIENTIFIC GAMES INTERNA 06.2500 09/01/2020 0.01%
SEALED AIR CORP P/P 144A 05.5000 09/15/2025 0.01%
SEK/USD 09/20/2017 BANKAM 0.01%
SEK/USD 09/20/2017 UBS 0.01%
SEMGROUP CORP P/P 144A 06.3750 03/15/2025 0.01%
SEVEN GENERATIONS EN P/P 144A 06.7500 05/01/2023 0.01%
SHERWIN-WILLIAMS CO 03.4500 06/01/2027 0.01%
SM ENERGY CO 05.0000 01/15/2024 0.01%
SM ENERGY CO 06.5000 01/01/2023 0.01%
SPRINGLEAF FINANCE CORP 08.2500 12/15/2020 0.01%
STEEL DYNAMICS INC 05.2500 04/15/2023 0.01%
SUZUKI MOTOR CORP 0.01%
T-MOBILE USA INC 06.0000 03/01/2023 0.01%
T-MOBILE USA INC. 04.0000 04/15/2022 0.01%
TARO PHARMACEUTICAL INDUS 0.01%
TAYLOR MORRISON P/P 144A 05.6250 03/01/2024 0.01%
TECK RESOURCES LIMITED USD 03.7500 02/01/2023 0.01%
TECK RESOURCES LTD P/P 144A 08.5000 06/01/2024 0.01%
TENNANT CO P/P 144A 05.6250 05/01/2025 0.01%
TESORO LOGISTICS LP/CORP 05.2500 01/15/2025 0.01%
THE BANK OF NOVA SCOTIA USD 02.7000 03/07/2022 0.01%
TMX FIN/TITLEMAX P/P 144A 08.5000 09/15/2018 0.01%
TOWNSQUARE MEDIA INC P/P 144A 06.5000 04/01/2023 0.01%
TRANSDIGM INC 06.5000 05/15/2025 0.01%
TRAVELERS PPTY CASUALTY 07.7500 04/15/2026 0.01%
TRW AUTOMOTIVE INC P/P 144A 04.5000 03/01/2021 0.01%
TUI AG-DI 0.01%
TURKIYE HALK BANKASI 0.01%
TYSON FOODS INC 04.8750 08/15/2034 0.01%
US FOODS HOLDING CORP 0.01%
USD/JPY PUT 107.00 20171106 BANKAM 0.01%
VALEANT PHARMA P/P 144A 06.5000 03/15/2022 0.01%
VALERO ENERGY PARTNERS 04.3750 12/15/2026 0.01%
VERIZON COMMUNICATIONS 04.4000 11/01/2034 0.01%
VERIZON COMMUNICATIONS 04.5000 09/15/2020 0.01%
WELLCARE HEALTH PLANS 05.2500 04/01/2025 0.01%
WFRBS 2013-C12 XA IO P/P 144A 01.5119 03/15/2048 0.01%
WILEY (JOHN) & SONS-CLASS A 0.01%
WILLIAMS PARTNERS L.P. 04.8750 03/15/2024 0.01%
WPX ENERGY INC 07.5000 08/01/2020 0.01%
1.70 R ISWP FWD USL3M P 09/20/2019 0.00%
1.90 R ISWP FWD USL3M P 09/20/2022 0.00%
2.1965 R ISWP USL3M P 06/30/2027 0.00%
AMERICAN AXLE & MFG INC 07.7500 11/15/2019 0.00%
AUD/USD 07/19/2017 BANKAM 0.00%
AUD/USD 07/19/2017 BCAP-FX 0.00%
AUD/USD 07/19/2017 CSI-FX 0.00%
AUD/USD 07/19/2017 GSFX 0.00%
AUD/USD 07/19/2017 SSBT 0.00%
AUD/USD 07/19/2017 WPAC 0.00%
AUSTRALIAN DOLLAR ACCOUNT 0.00%
BAYTEX ENERGY CORP P/P 144A 05.1250 06/01/2021 0.00%
BERKELEY GROUP HOLDINGS/THE 0.00%
BGC PARTNERS INC 05.1250 05/27/2021 0.00%
BRAZILIAN REAL CALL ACCOUNT 0.00%
CAD/USD 07/19/2017 GSFX 0.00%
CAD/USD 07/19/2017 HSBCB 0.00%
CAD/USD 07/19/2017 UBS 0.00%
CAS 2014-C03 2M1 02.4161 07/25/2024 0.00%
CHEMOURS CO 06.6250 05/15/2023 0.00%
CHF/USD 09/20/2017 BCAP-FX 0.00%
CHF/USD 09/20/2017 GSFX 0.00%
CHF/USD 09/20/2017 JPMCB 0.00%
CHS/COMMUNITY HEALTH 08.0000 11/15/2019 0.00%
CINEMARK USA INC 05.1250 12/15/2022 0.00%
CITIGROUP INC 05.8750 12/29/2049 0.00%
CITIGROUP INC 05.9000 12/29/2049 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 CS 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 CS 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 CS 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 CS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CNH/USD 08/16/2017 GSFX 0.00%
COMCAST CORP 02.3500 01/15/2027 0.00%
COMCAST CORP 03.1500 03/01/2026 0.00%
CPURNSA R 1.92 P 08/07/25 JP 0.00%
CPURNSA R 2.05 P 06/14/27 BA 0.00%
DCP MIDSTREAM OPERATING 03.8750 03/15/2023 0.00%
DKK/USD 09/20/2017 CITI 0.00%
EASYJET PLC 0.00%
EQT MIDSTREAM PARTNERS L 04.0000 08/01/2024 0.00%
ESC SEVENTYSEVENERG 06.5000 07/15/2022 0.00%
EUR/USD 09/20/2017 BANKAM 0.00%
EUR/USD 09/20/2017 BCAP-FX 0.00%
EUR/USD 09/20/2017 CSI-FX 0.00%
EUR/USD 09/20/2017 GSFX 0.00%
EUR/USD 09/20/2017 RBSF 0.00%
EUR/USD 09/20/2017 UBS 0.00%
EUR/USD 09/20/2017 WPAC 0.00%
EURO BUXL 30Y BND SEP17 UBU7 0.00%
EURO-BOBL FUTURE SEP17 OEU7 0.00%
EURO-BUND FUTURE SEP17 RXU7 0.00%
EURO-SCHATZ FUT SEP17 DUU7 0.00%
FREEPORT-MCMORAN COPPER & GOL 03.5500 03/01/2022 0.00%
FUJITSU LTD 0.00%
GBP/USD 09/20/2017 CITI 0.00%
GBP/USD 09/20/2017 HSBCB 0.00%
GBP/USD 09/20/2017 JPMCB 0.00%
GBP/USD 09/20/2017 SSBT 0.00%
GENERAL MOTORS FINL CO 04.0000 01/15/2025 0.00%
GOLDMAN SACHS GROUP INC 02.3750 01/22/2018 0.00%
HALCON RESOURCES CORP - WARRA 0.00%
HKD/USD 08/16/2017 BANKAM 0.00%
ILS/USD 07/19/2017 SSBT 0.00%
INR/USD 08/16/2017 BANKAM 0.00%
INR/USD 08/16/2017 GSFX 0.00%
INTELSAT CONNECT FIN P/P 144A 12.5000 04/01/2022 0.00%
INTELSAT JACKSON HLD P/P 144A 08.0000 02/15/2024 0.00%
IOS.FN30.350.12 R USL1M P 01/12/43 BC 0.00%
IOS.FN30.350.14 R USL1M P 01/12/45 CS 0.00%
ITAUSA-INVESTIMENTOS ITAU-PR 0.00%
JC PENNEY CORP INC 05.6500 06/01/2020 0.00%
JPMCC 2004-LN2 A2 05.1150 07/15/2041 0.00%
JPN 10Y BOND(OSE) SEP17 JBU7 0.00%
JPY/USD 08/16/2017 BANKAM 0.00%
JPY/USD 08/16/2017 BCAP-FX 0.00%
JPY/USD 08/16/2017 CITI 0.00%
JPY/USD 08/16/2017 CSI-FX 0.00%
JPY/USD 08/16/2017 RBSF 0.00%
JPY/USD 08/16/2017 SSBT 0.00%
JPY/USD 08/16/2017 UBS 0.00%
KEYCORP 02.3000 12/13/2018 0.00%
L3 TECHNOLOGIES INC 03.8500 12/15/2026 0.00%
LBUBS 2006-C6 D 05.5020 09/15/2039 0.00%
LONG GILT FUTURE SEP17 G U7 0.00%
MGM RESORTS INTL 06.6250 12/15/2021 0.00%
NABORS INDUSTRIES INC 04.6250 09/15/2021 0.00%
NEIMAN MARCUS GROUP P/P 144A 08.7500 10/15/2021 0.00%
NINE POINT ENERGY COM 0.00%
NOK/USD 09/20/2017 BANKAM 0.00%
NOK/USD 09/20/2017 CITI 0.00%
NOK/USD 09/20/2017 GSFX 0.00%
NOK/USD 09/20/2017 JPMCB 0.00%
NOK/USD 09/20/2017 RBSF 0.00%
NOK/USD 09/20/2017 SSBT 0.00%
NOK/USD 09/20/2017 UBS 0.00%
NOVELIS CORP P/P 144A 06.2500 08/15/2024 0.00%
NRG ENERGY INC 07.2500 05/15/2026 0.00%
NZD/USD 07/19/2017 BCAP-FX 0.00%
NZD/USD 07/19/2017 CSI-FX 0.00%
NZD/USD 07/19/2017 GSFX 0.00%
NZD/USD 07/19/2017 RBSF 0.00%
NZD/USD 07/19/2017 SSBT 0.00%
NZD/USD 07/19/2017 UBS 0.00%
PACTIV LLC 08.3750 04/15/2027 0.00%
PCCW LTD 0.00%
PLATFORM SPECIALTY P P/P 144A 10.3750 05/01/2021 0.00%
ROSE ROCK MIDSTREAM/ 05.6250 11/15/2023 0.00%
RUSSELL 2000 MINI SEP17 RTAU7 0.00%
S&P500 EMINI FUT SEP17 ESU7 0.00%
SEK/USD 09/20/2017 CITI 0.00%
SEK/USD 09/20/2017 GSFX 0.00%
SEK/USD 09/20/2017 JPMCB 0.00%
SEK/USD 09/20/2017 RBSF 0.00%
SELECT INCOME REIT 02.8500 02/01/2018 0.00%
SELECT INCOME REIT 03.6000 02/01/2020 0.00%
SGD/USD 08/16/2017 BANKAM 0.00%
SGD/USD 08/16/2017 HSBCB 0.00%
SGD/USD 08/16/2017 JPMCB 0.00%
SGD/USD 08/16/2017 SSBT 0.00%
SPY 20170728 C 248.50CITI 0.00%
TECK RESOURCES LIMITED USD 04.7500 01/15/2022 0.00%
TERVITA CORP CLASS A 0.00%
THE EURO EUR CALL ACCOUNT 0.00%
TOPIX INDX FUTR SEP17 TPU7 0.00%
TRY/USD 09/20/2017 RBSF 0.00%
TRY/USD 09/20/2017 UBS 0.00%
TWD/USD 08/16/2017 CITI 0.00%
UNILEVER PLC 0.00%
US 10YR NOTE (CBT)SEP17 TYU7 0.00%
US 2YR NOTE (CBT) SEP17 TUU7 0.00%
US 5YR NOTE (CBT) SEP17 FVU7 0.00%
US LONG BOND(CBT) SEP17 USU7 0.00%
US ULTRA BOND CBT SEP17 WNU7 0.00%
USD/CNH PUT 6.60 20171006 GSFX 0.00%
USD/CNH PUT 6.60 20171013 BANKAM 0.00%
USD/CNH PUT 6.70 20171006 GSFX 0.00%
USD/CNH PUT 6.70 20171013 BANKAM 0.00%
USD/JPY PUT 103.00 20171106 BANKAM 0.00%
VALEANT PHARMA P/P 144A 05.6250 12/01/2021 0.00%
2.45 R ISWP FWD USL3M P 09/20/2047 -0.01%
AUD/USD 07/19/2017 CITI -0.01%
AUD/USD 07/19/2017 JPMCB -0.01%
AUD/USD 07/19/2017 UBS -0.01%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.01%
EUR/USD 09/20/2017 SSBT -0.01%
IOS.FN30.400.10 P USL1M R 01/12/41 JP -0.01%
JPY/USD 08/16/2017 JPMCB -0.01%
NZD/USD 07/19/2017 BANKAM -0.01%
NZD/USD 07/19/2017 CITI -0.01%
NZD/USD 07/19/2017 JPMCB -0.01%
NZD/USD 07/19/2017 WPAC -0.01%
SEK/USD 09/20/2017 CSI-FX -0.01%
MLFCF11 R USL3M P 03/07/18 BA -0.03%
CPURNSA R 2.17 P 05/05/27 BC -0.04%
CPURNSA R 2.5925 P 09/10/22 CS -0.05%
RU10INTR P USL3M R 11/27/17 CI -0.05%
CDX CDX.EM.27 100.0 06/20/2022 BC -0.06%
CGPUTQL2 R USL3M P 12/01/17 CI -0.06%
CPURNSA R 2.308 P 12/05/26 BC -0.09%
CPURNSA R 2.5325 P 08/08/22 CS -0.11%
2.20 R ISWP FWD USL3M P 09/20/2027 -0.20%
CPURNSA R 2.515 P 08/07/22 CS -0.22%
CPURNSA R 2.76 P 01/09/23 CS -0.22%
RU10INTR P USL3M R 08/02/17 BA -0.22%
CDX CDX.EM.27 100.0 06/20/2022 BC -0.24%
CPURNSA R 2.81 P 02/08/23 CS -0.28%
CPURNSA R 2.57 P 07/19/23 CS -0.44%
FNMA FN30 TBA 03.5000 07/01/2047 -0.67%
CPURNSA R 2.515 P 08/07/22 JP -0.71%

Prior top 10 holdings

Top 10 holdings as of 09/30/17
S&P Gsci 3 Month Forward Index TR 3X Note 9/7/2018
Fnma Fn30 Tba 04.0000 11/01/2047
Gnma Gii30 Tba 03.5000 10/01/2047
Fnma Fn30 Tba 03.0000 11/01/2047
Fnma Fn15 Tba 03.0000 10/01/2032
S&P Gsci 3X 144a Note 04/20/2018
S&P Gsci TOT Return Indx 3X Note 7/23/2018
Johnson & Johnson
S&P Gsci Light Energy Official 3X Note 09/04/2018
S&P Gsci Light Energy Official 3x 144a Note 09/07/2018
Holdings represent 13.74% of portfolio
Top 10 holdings as of 08/31/17
S&P Gsci 3 Month Forward Index TR 3X Note 9/7/2018
Fnma Fn30 Tba 04.0000 09/01/2047
Gnma Gii30 Tba 03.5000 09/01/2047
Fnma Fn30 Tba 03.0000 10/01/2047
Fnma Fn15 Tba 03.0000 09/01/2032
S&P Gsci 3X 144a Note 04/20/2018
S&P Gsci TOT Return Indx 3X Note 7/23/2018
Johnson & Johnson
S&P Gsci Light Energy Official 3x Note 9/4/2018
S&P Gsci Light Energy Official 3x 144a Note 09/07/2018
Holdings represent 13.59% of portfolio
Top 10 holdings as of 07/31/17
Fnma Fn30 Tba 04.0000 09/01/2047
Citi S&P Gsci Forward Index 3X Note 08/07/2017
Gnma Gii30 Tba 03.5000 08/01/2047
Fnma Fn30 Tba 03.0000 09/01/2047
Fnma Fn15 Tba 03.0000 09/01/2032
S&P Gsci 3X 144a Note 04/20/2018
S&P Gsci TOT Return Indx 3X Note 7/23/2018
Johnson & Johnson
Fnma Fn30 Tba 06.0000 09/01/2047
JPMorgan Chase
Holdings represent 13.45% of portfolio
Top 10 holdings as of 06/30/17
Gnma Gii30 Tba 03.5000 07/01/2047
Fnma Fn30 Tba 04.0000 07/01/2047
Fnma Fn30 Tba 03.0000 07/01/2047
Citi S&P Gsci Forward Index 3X Note 08/07/2017
Fnma Fn15 Tba 03.0000 07/01/2032
S&P Gsci 3X 144a Note 04/20/2018
S&P Gsci TOT Return Indx 3X Note 7/23/2018
Johnson & Johnson
Fnma Fn30 Tba 06.0000 07/01/2047
JPMorgan Chase
Holdings represent 13.93% of portfolio

Portfolio composition as of 09/30/17

U.S. TIPS 29.68%
International bonds 24.58%
Commodities 19.72%
U.S. Equity 19.40%
U.S. Investment-grade bonds 15.67%
International equity 12.72%
Emerging-markets equity 5.53%
Emerging-market bonds 4.97%
Real estate investment trust 3.29%
U.S. High-yield bonds 0.65%
U.S. money markets -36.21%

Fixed income statistics as of 09/30/17

Average effective maturity 7.30 yrs.

Fund characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: International investing involves currency, economic, and political risks. Emerging-market securities carry illiquidity and volatility risks. The fund may invest a portion of its assets in small and/or midsize companies. Such investments increase the risk of greater price fluctuations. Funds that invest in government securities are not guaranteed. Mortgage-backed securities are subject to prepayment risk and the risk that they may increase in value less when interest rates decline and decline in value more when interest rates rise. Allocation of assets among asset classes may hurt performance, and efforts to diversify risk through the use of leverage and allocation decisions may not be successful. Derivatives carry additional risks, such as the inability to terminate or sell derivatives positions and the failure of the other party to meet its obligations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is greater for longer-term bonds, and credit risk is greater for below-investment-grade bonds. Unlike bonds, funds that invest in bonds have fees and expenses. Active trading strategies may lose money or not earn a return sufficient to cover trading and other costs. Use of leverage obtained through derivatives increases these risks by increasing investment exposure. Over-the-counter derivatives are also subject to the risk of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. REITs are subject to the risk of economic downturns that have an adverse impact on real estate markets. The use of short selling may result in losses if the securities appreciate in value. Commodities involve market, political, regulatory, and natural conditions risks. Stock and bond prices may fall or fail to rise over time for several reasons, including general financial market conditions, factors related to a specific issuer or industry and, with respect to bond prices, changing market perceptions of the risk of default and changes in government intervention. These factors may also lead to increased volatility and reduced liquidity in the bond markets. You can lose money by investing in the fund.


Expenses

Expense ratio

Class A Class B Class C Class M Class R Class R6 Class Y
Total expense ratio 1.37% 2.12% 2.12% 1.87% 1.62% 0.99% 1.12%
What you pay† 1.14% 1.89% 1.89% 1.64% 1.39% 0.76% 0.89%

† The fund's expense ratio is taken from the most recent prospectus and is subject to change. What you pay reflects Putnam Management's decision to contractually limit expenses through 09/30/18

Sales charge/Dealer allowance

 Breakpoint Class A Class B Class C Class M Class R Class R6 Class Y
$0-$49,999 5.75% / 5.00% 0.00% / 4.00% 0.00% / 1.00% 3.50% / 3.00% -- -- --
$50,000-$99,999 4.50% / 3.75% 0.00% / 4.00% 0.00% / 1.00% 2.50% / 2.00% -- -- --
$100,000-$249,999 3.50% / 2.75% -- 0.00% / 1.00% 1.50% / 1.00% -- -- --
$250,000-$499,999 2.50% / 2.00% -- 0.00% / 1.00% 1.00% / 1.00% -- -- --
$500,000-$999,999 2.00% / 1.75% -- 0.00% / 1.00% 1.00% / 1.00% -- -- --
$1M-$4M 0.00% / 1.00% -- -- -- -- -- --
$4M-$50M 0.00% / 0.50% -- -- -- -- -- --
$50M+ 0.00% / 0.25% -- -- -- -- -- --

CDSC

  Class A (sales for $1,000,000+) Class B Class C Class M Class R Class R6 Class Y
0 to 9 mts. 1.00% 5.00% 1.00% -- -- -- --
9 to 12 mts. 0.00% 5.00% 1.00% -- -- -- --
2 yrs. -- 4.00% 0.00% -- -- -- --
3 yrs. -- 3.00% 0.00% -- -- -- --
4 yrs. -- 3.00% 0.00% -- -- -- --
5 yrs. -- 2.00% 0.00% -- -- -- --
6 yrs. -- 1.00% 0.00% -- -- -- --
7+ yrs. -- 0.00% 0.00% -- -- -- --

Trail commissions

  Class A Class B Class C Class M Class R Class R6 Class Y
  0.25% 0.25% 1.00% 0.65% 0.50% 0.00% 0.00%
  NA NA NA NA NA NA NA
  NA NA NA NA NA NA NA

For sales and trail commission information on purchases over $1 million and participant-directed qualified retirement plans, see a Putnam fund prospectus and the statement of additional information.

The Custom Dynamic Risk Allocation Index is comprised of 50% MSCI World Index, 40% Bloomberg Barclays Global Aggregate Bond Index, and 10% S&P GSCI. The MSCI World Index is a free float-adjusted market capitalization weighted index of equity securities that is designed to measure the equity market performance of developed markets. The Bloomberg Barclays Global Aggregate Bond Index is an unmanaged index of global investment-grade fixed-income securities. The S&P GSCI is a composite index of commodity sector returns that represents a broadly diversified, unleveraged, long-only position in commodity futures. You cannot invest directly in an index.

Consider these risks before investing: International investing involves currency, economic, and political risks. Emerging-market securities carry illiquidity and volatility risks. The fund may invest a portion of its assets in small and/or midsize companies. Such investments increase the risk of greater price fluctuations. Funds that invest in government securities are not guaranteed. Mortgage-backed securities are subject to prepayment risk and the risk that they may increase in value less when interest rates decline and decline in value more when interest rates rise. Allocation of assets among asset classes may hurt performance, and efforts to diversify risk through the use of leverage and allocation decisions may not be successful. Derivatives carry additional risks, such as the inability to terminate or sell derivatives positions and the failure of the other party to meet its obligations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is greater for longer-term bonds, and credit risk is greater for below-investment-grade bonds. Unlike bonds, funds that invest in bonds have fees and expenses. Active trading strategies may lose money or not earn a return sufficient to cover trading and other costs. Use of leverage obtained through derivatives increases these risks by increasing investment exposure. Over-the-counter derivatives are also subject to the risk of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. REITs are subject to the risk of economic downturns that have an adverse impact on real estate markets. The use of short selling may result in losses if the securities appreciate in value. Commodities involve market, political, regulatory, and natural conditions risks. Stock and bond prices may fall or fail to rise over time for several reasons, including general financial market conditions, factors related to a specific issuer or industry and, with respect to bond prices, changing market perceptions of the risk of default and changes in government intervention. These factors may also lead to increased volatility and reduced liquidity in the bond markets. You can lose money by investing in the fund.

Robert Kea will retire from Putnam effective 12/31/17.