Dynamic Risk Allocation Fund  (PDRYX)

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.

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.

Fund price

Yesterday’s close 52-week high 52-week low
Net asset value $11.64
0.34% | $0.04
$11.64
11/22/17
$10.33
12/16/16
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.

5.21%

Best 5-year annualized return

(for period ending 09/30/16)


3.53%

Worst 5-year annualized return

(for period ending 09/30/17)


4.07%

Average 5-year annualized return


Fund facts as of 10/31/17

Total net assets
$161.12M
Turnover (fiscal year end)
299%
Dividend frequency
Annually
Number of holdings
1338
Fiscal year-end
May
CUSIP / Fund code
746764182 / 1879
Inception date
09/19/11
Category
Asset Allocation
Open to new investors
Ticker
PDRYX

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


Literature


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Looking for impact in CEO compensation
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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 8.31% 3.48% 3.53% 4.98%
After sales charge N/A N/A N/A N/A
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 10/31/17 1.41 % -
YTD as of 11/22/17 11.17 % -

Risk-adjusted performance as of 10/31/17

Alpha (3 yrs.) 1.05
Sharpe ratio (3 yrs.) 0.52
Treynor ratio (3 yrs.) 3.90
Information ratio (3 yrs.) 0.19

Volatility as of 10/31/17

Standard deviation (3 yrs.) 6.15%
Beta 0.82
R-squared 0.80

Capture ratio as of 10/31/17

Up-market (3 yrs.) 90.85
Down-market (3 yrs.) 81.21

Lipper rankings as of 10/31/17

Alternative Global Macro Funds Percentile ranking Rank/Funds in category
1 yr. 27% 80/298
3 yrs. 34% 91/267
5 yrs. 32% 66/207
10 yrs.   --

Morningstar ratings as of 10/31/17

Allocation--30% to 50% Equity Rating Funds in category
Overall (382)
3 yrs. (382)
5 yrs. (340)

Distributions

Record/Ex dividend date 12/16/16
Payable date 12/20/16
Income $0.277
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 10/31/17

S&P Gsci 3 Month Forward Index TR 3X Note 9/7/2018 2.02%
Fnma Fn30 Tba 04.0000 11/01/2047 1.95%
Gnma Gii30 Tba 03.5000 11/01/2047 1.93%
S&P Gsci TOT Return Indx 3X Note 11/05/2018-CG 1.91%
S&P Gsci Total Return Index 3x Note 11/5/2018 1.44%
S&P Gsci 3X 144a Note 04/20/2018 1.40%
Fnma Fn15 Tba 03.0000 11/01/2032 1.27%
Fnma Fn30 Tba 03.0000 11/01/2047 1.24%
S&P Gsci TOT Return Indx 3X Note 7/23/2018 1.05%
Johnson & Johnson 0.83%
Top 10 holdings, percent of portfolio 15.04%

Full portfolio 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 144A NOTE 09/07/2018 0.77%
S&P GSCI LIGHT ENERGY OFFICIAL 3X NOTE 9/4/2018 0.77%
FNMA FN30 TBA 06.0000 10/01/2047 0.71%
JPMORGAN CHASE & CO 0.69%
PFIZER INC 0.64%
FNMA FN30 TBA 02.5000 10/01/2047 0.61%
MCDONALD'S CORP 0.55%
APPLE INC 0.53%
APPLIED MATERIALS INC 0.53%
TEXAS INSTRUMENTS INC 0.52%
SAMSUNG ELECTRONICS CO LTD 0.51%
RAYTHEON COMPANY 0.50%
S&P GSCI TOT RETURN INDX 3X 144A NOTE 9/7/2018 0.49%
S&P GSCI TOTAL RETURN INDEX 3X NOTE 09/04/2018 0.49%
UNITEDHEALTH GROUP INC 0.49%
ISHARES MSCI INDIA ETF 0.48%
PNC FINANCIAL SERVICES GROUP 0.48%
ALTRIA GROUP INC 0.47%
EBAY INC 0.47%
EXXON MOBIL CORP 0.46%
INTUIT INC 0.46%
NORTHROP GRUMMAN CORP 0.45%
DANAHER CORP 0.44%
HONEYWELL INTERNATIONAL INC 0.44%
HUMANA INC 0.44%
NORFOLK SOUTHERN CORP 0.44%
RUSSIAN FEDERATION P/P 144A 05.6250 04/04/2042 0.43%
KIMBERLY-CLARK CORP 0.39%
WALT DISNEY CO/THE 0.38%
AUTOMATIC DATA PROCESSING 0.37%
TJX COMPANIES INC 0.37%
CBS CORP-CLASS B NON VOTING 0.36%
EQUITY RESIDENTIAL TR REIT 0.36%
LOWES COMPANIES INC 0.36%
SHERWIN-WILLIAMS CO/THE 0.36%
ZOETIS INC 0.36%
ALLSTATE CORP 0.31%
AFLAC INC 0.30%
ALPHABET INC-CL A 0.30%
CVS HEALTH CORP 0.30%
JUNIPER NETWORKS INC 0.30%
MLFCF11 R USL3M P 03/07/18 BA 0.30%
GENERAL DYNAMICS CORP 0.28%
BERKSHIRE HATHAWAY INC-CL B 0.27%
CME GROUP INC 0.27%
FIDELITY NATIONAL INFO SERV 0.27%
VERIZON COMMUNICATIONS INC 0.27%
F5 NETWORKS INC 0.26%
KINDER MORGAN INC 0.26%
P G & E CORP 0.26%
PETROBRAS GLOBAL FINANCE USD 06.2500 03/17/2024 0.25%
PETROLEOS MEXICANOS USD 04.5000 01/23/2026 0.25%
ROSS STORES INC 0.25%
MARATHON PETROLEUM CORP 0.24%
ROCHE HOLDING AG-GENUSSCHEIN 0.24%
SIMON PROPERTY GROUP INC 0.24%
MERCK & CO. INC. 0.23%
SYSCO CORP 0.22%
ADOBE SYSTEMS INC 0.21%
COMMONWEALTH BK AUSTR NY 01.6250 03/12/2018 0.21%
EDISON INTERNATIONAL 0.21%
GREAT PLAINS ENERGY INC 0.21%
MICROSOFT CORP 0.21%
SANOFI 0.21%
TOTAL SA 0.21%
WASTE MANAGEMENT INC 0.21%
ALLIANZ SE-REG 0.20%
HARRIS CORP 0.20%
AGNC INVESTMENT CORP 0.19%
BASF SE 0.19%
CAS 2016-C03 2M2 07.1372 10/25/2028 0.19%
FISERV INC 0.19%
HERSHEY CO/THE 0.19%
NOVARTIS AG-REG 0.19%
3I GROUP PLC 0.18%
BAYER AG-REG 0.18%
GLAXOSMITHKLINE PLC 0.18%
L3 TECHNOLOGIES INC 0.18%
NETAPP INC 0.18%
PROLOGIS INC 0.18%
PUBLIC STORAGE 0.18%
TRAVELERS COS INC/THE 0.18%
US BANCORP 0.18%
AMERICAN ELECTRIC POWER 0.17%
ANHEUSER-BUSCH INBEV FIN 04.9000 02/01/2046 0.17%
BAKER HUGHES A GE CO 0.17%
ENEL SPA 0.17%
JM SMUCKER CO/THE 0.17%
MITSUBISHI UFJ FINANCIAL GRO 0.17%
SKANDINAVISKA ENSKIL P/P 144A 02.6250 11/17/2020 0.17%
WESTPAC BANKING CORP USD 02.1500 03/06/2020 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%
CHINA CONSTRUCTION BANK-H 0.16%
DEUTSCHE POST AG-REG 0.16%
EPR PROPERTIES 0.16%
HON HAI PRECISION INDUSTRY 0.16%
IND & COMM BK OF CHINA-H 0.16%
INDUSTRIAL BANK OF KOREA 0.16%
NVR INC 0.16%
PAYCHEX INC 0.16%
SIEMENS FINANCIERING P/P 144A 02.2000 03/16/2020 0.16%
SOCIETE GENERALE USD 02.7500 10/12/2017 0.16%
SUNTRUST BANKS INC 0.16%
TENCENT HOLDINGS LTD 0.16%
VANTIV INC - CL A 0.16%
AMADEUS IT GROUP SA 0.15%
ANNALY CAPITAL MANAGEMENT IN 0.15%
CAS 2015-C04 1M2 06.9372 04/25/2028 0.15%
CAS 2015-C04 2M2 06.7872 04/25/2028 0.15%
GOLDMAN SACHS GROUP INC 02.6000 12/27/2020 0.15%
SERVICE CORP INTL 05.3750 05/15/2024 0.15%
SUMITOMO MITSUI FINANCIAL GR 0.15%
WELLTOWER INC 0.15%
ATOS SE 0.14%
AVALONBAY COMMUNITIES INC 0.14%
AXA SA 0.14%
CWALT 2006-OA7 1A2 01.8291 06/25/2046 0.14%
GE CAP INTL FUNDING USD 04.4180 11/15/2035 0.14%
ITOCHU CORP 0.14%
KAO CORP 0.14%
LLOYDS BANKING GROUP PLC USD 07.5000 04/30/2049 0.14%
MIZUHO FINANCIAL GROUP INC 0.14%
PROCTER & GAMBLE CO/THE 0.14%
REPSOL SA 0.14%
AMERICAN INTL GROUP 08.1750 05/15/2058 0.13%
AVERY DENNISON CORP 0.13%
BANK OF AMERICA CORP 06.1100 01/29/2037 0.13%
CAMDEN PROPERTY TRUST 0.13%
CLEAR CHANNEL COMMUN 09.0000 12/15/2019 0.13%
DIAMOND 1 FIN/DIAMON P/P 144A 07.1250 06/15/2024 0.13%
LEAR CORP 0.13%
NIPPON TELEGRAPH & TELEPHONE 0.13%
PERTAMINA PERSERO PT P/P 144A 04.3000 05/20/2023 0.13%
SFR GROUP SA P/P 144A 06.0000 05/15/2022 0.13%
SPRINT CORP 07.2500 09/15/2021 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%
ALTABA INC 0.12%
BNP PARIBAS 0.12%
BOSTON PROPERTIES INC 0.12%
BOUYGUES SA 0.12%
CDK GLOBAL INC 0.12%
CENTRAL JAPAN RAILWAY CO 0.12%
CK ASSET HOLDINGS LTD 0.12%
CSC HOLDINGS LLC 05.2500 06/01/2024 0.12%
EVONIK INDUSTRIES AG 0.12%
INDUSTRIVARDEN AB-A SHS 0.12%
MARUBENI CORP 0.12%
MUENCHENER RUECKVER AG-REG 0.12%
ORACLE CORPORATION 02.2500 10/08/2019 0.12%
ORIX CORP 0.12%
PERSIMMON PLC 0.12%
PEUGEOT SA 0.12%
PHILLIPS 66 0.12%
RESONA HOLDINGS INC 0.12%
SMILES SA 0.12%
SOCIETE GENERALE SA 0.12%
TAIWAN SEMICONDUCTOR-SP ADR 0.12%
TAYLOR WIMPEY PLC 0.12%
VOYA FINANCIAL INC 0.12%
CAESARS ENT OPER TLB6B L+775 11.7500 03/01/2018 0.11%
CARNIVAL PLC 0.11%
COMM 2014-UBS6 C 04.6137 12/10/2047 0.11%
ELECTROLUX AB-SER B 0.11%
ERAC USA FINANCE LLC P/P 144A 07.0000 10/15/2037 0.11%
ESSEX PROPERTY TRUST INC 0.11%
FIAT CHRYSLER AUTOMOBILES NV 0.11%
GSMS 2010-C1 D P/P 144A 06.1973 08/10/2043 0.11%
GUANGZHOU R&F PROPERTIES - H 0.11%
HEINEKEN HOLDING NV 0.11%
HOCHTIEF AG 0.11%
JPMBB 2014-C22 XA IO 01.0800 09/15/2047 0.11%
LIBERTY PROPERTY TRUST 0.11%
MARKS AND SPENCER LTD 0.11%
MICROSOFT CORP 01.5500 08/08/2021 0.11%
NN GROUP NV 0.11%
PROVINCIA DE CORDOBA P/P 144A 07.1250 08/01/2027 0.11%
QUALICORP SA 0.11%
SAINSBURY (J) PLC 0.11%
SKY PLC 0.11%
TATE & LYLE PLC 0.11%
WELLCARE HEALTH PLANS INC 0.11%
WM MORRISON SUPERMARKETS 0.11%
ACS ACTIVIDADES 0.10%
ALIBABA GROUP HOLDING-SP ADR 0.10%
BWAY HOLDING CO P/P 144A 07.2500 04/15/2025 0.10%
CENTRICA PLC 0.10%
CIMIC GROUP LTD 0.10%
DIAMOND 1 FIN/DIAMON P/P 144A 05.4500 06/15/2023 0.10%
EMIN RUSSELL 2000 DEC17 RTYZ7 0.10%
ENERGY TRANSFER EQUITY L.P. 05.8750 01/15/2024 0.10%
GGP INC 0.10%
HILTON WORLDWIDE FIN LLC 04.8750 04/01/2027 0.10%
HOST HOTELS & RESORTS INC 0.10%
IHS MARKIT LTD P/P 144A 04.7500 02/15/2025 0.10%
LAMB WESTON HOLDINGS P/P 144A 04.8750 11/01/2026 0.10%
PINNACLE FOODS INC 0.10%
PRICELINE GROUP INC/THE 0.10%
PTT GLOBAL CHEMICAL PCL-FOR 0.10%
REP OF ARGENTINA USD 06.8750 01/26/2027 0.10%
REPUBLIC SERVICES INC 0.10%
SCIENTIFIC GAMES INT 10.0000 12/01/2022 0.10%
SERVICEMASTER GLOBAL HOLDING 0.10%
SHIONOGI & CO LTD 0.10%
SPRINT COMMUNICATIONS INC. 07.0000 08/15/2020 0.10%
TELEKOMUNIKASI INDONESIA PER 0.10%
TELSTRA CORP LTD 0.10%
TENAGA NASIONAL BHD 0.10%
WAMU 2005-AR12 1A8 03.1617 10/25/2035 0.10%
21ST CENTURY FOX AMERICA 07.7500 12/01/2045 0.09%
AES CORP/VA 05.5000 04/15/2025 0.09%
AGRICULTURAL BANK OF CHINA-H 0.09%
ALTRIA GROUP INC 02.6250 01/14/2020 0.09%
ANHEUSER-BUSCH INBEV FIN 02.6500 02/01/2021 0.09%
BANK OF AMERICA CORP 02.0000 01/11/2018 0.09%
BANK OF NOVA SCOTIA USD 01.3750 12/18/2017 0.09%
CEQUEL COM HLDG I/CA P/P 144A 05.1250 12/15/2021 0.09%
CIA SANEAMENTO BASICO DE SP 0.09%
CONOCOPHILLIPS COMPANY 01.0500 12/15/2017 0.09%
CORNING INC 0.09%
COVIDIEN INTlL FIN USD 06.0000 10/15/2017 0.09%
CVS HEALTH CORP 02.2500 12/05/2018 0.09%
DUKE REALTY CORP 0.09%
ECOLAB INC 0.09%
EXTRA SPACE STORAGE INC 0.09%
GAMING AND LEISURE PROPERTIE 0.09%
GOLDMAN SACHS GROUP INC 02.3000 12/13/2019 0.09%
GRUMA S.A.B.-B 0.09%
INFOR SOFTWARE P/P 144A 07.1250 05/01/2021 0.09%
INTEL CORP 01.3500 12/15/2017 0.09%
IRON MOUNTAIN INC 0.09%
KINGFISHER PLC 0.09%
NBCUNIVERSAL MEDIA LLC 04.3750 04/01/2021 0.09%
NESTLE SA-REG 0.09%
PARK HOTELS & RESORTS INC 0.09%
ROYAL BANK OF CANADA USD 02.2000 07/27/2018 0.09%
SIAM CEMENT PUB CO-FOR REG 0.09%
SL GREEN REALTY CORP 0.09%
VIDEOTRON LTD / LTEE P/P 144A 05.1250 04/15/2027 0.09%
AIG LIFE HLDG INC P/P 144A 08.1250 03/15/2046 0.08%
ALEXANDRIA REAL ESTATE EQUIT 0.08%
ALLY FINANCIAL INC 08.0000 11/01/2031 0.08%
AT&T INC 05.1500 02/14/2050 0.08%
CDX CDX.NA.IG.28 100.0 06/20/2022 0.08%
CHENIERE CORP CHRIST 05.8750 03/31/2025 0.08%
CIT GROUP INC. 05.0000 08/15/2022 0.08%
COCA-COLA AMATIL LTD 0.08%
CPURNSA P 2.515 R 08/07/22 0.08%
CSMC 2016-NXSR C 04.5094 12/15/2049 0.08%
EQUINIX INC 0.08%
EQUITY LIFESTYLE PROPERTIES 0.08%
GATES GLOBAL LLC P/P 144A 06.0000 07/15/2022 0.08%
GOLDEN NUGGET INC P/P 144A 06.7500 10/15/2024 0.08%
GOLDMAN SACHS GROUP INC 03.8500 01/26/2027 0.08%
HITACHI LTD 0.08%
JPMORGAN CHASE & CO 03.6250 12/01/2027 0.08%
LAMAR ADVERTISING CO-A 0.08%
LG UPLUS CORP 0.08%
LOTTE CHEMICAL CORP 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%
OLD MUTUAL PLC 0.08%
REINSURANCE GROUP OF AMERICA 0.08%
RICHTER GEDEON NYRT 0.08%
SIRIUS XM RADIO INC P/P 144A 05.0000 08/01/2027 0.08%
SK HYNIX INC 0.08%
SK TELECOM 0.08%
SPY 20180921 P 215.00JPMCB 0.08%
STANDARD IND INC P/P 144A 05.0000 02/15/2027 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%
TOYOTA TSUSHO CORP 0.08%
VALEANT PHARMA P/P 144A 06.1250 04/15/2025 0.08%
WFRBS 2014-C22 XA IO 01.0658 09/15/2057 0.08%
WH GROUP LTD 0.08%
YY INC-ADR 0.08%
ALLY FINANCIAL INC 06.2500 12/01/2017 0.07%
ANA HOLDINGS INC 0.07%
BANCO SANTANDER SA 0.07%
BANK OF COMMUNICATIONS - H 0.07%
BARRATT DEVELOPMENTS PLC 0.07%
BELDEN INC P/P 144A 05.2500 07/15/2024 0.07%
BIO-RAD LABORATORIES-A 0.07%
BWX TECHNOLOGIES INC 0.07%
CAS 2014-C02 1M2 03.8372 05/25/2024 0.07%
CFCRE 2011-C2 D P/P 144A 05.9453 12/15/2047 0.07%
CHIMERA INVESTMENT CORP 0.07%
CHINA RAILWAY GROUP LTD-H 0.07%
CLUBCORP HLDG INC P/P 144A 08.5000 09/15/2025 0.07%
CONAGRA BRANDS INC 0.07%
CONCHO RESOURCES INC 03.7500 10/01/2027 0.07%
CONSOLIDATED EDISON COMPANY 07.1250 12/01/2018 0.07%
CREDIT AGRICOLE SA 0.07%
DELL TECHNOLOGIES INC-CL V 0.07%
DNB NOR ASA 0.07%
DOUGLAS EMMETT INC 0.07%
ENDO FIN LLC/ENDO FI P/P 144A 05.3750 01/15/2023 0.07%
GENTING BHD 0.07%
GNR 2016-135 PI IO 04.0000 05/20/2046 0.07%
HASBRO INC 0.07%
HOME DEPOT INC 0.07%
INCEPTION MRGR/RACK P/P 144A 08.6250 11/15/2024 0.07%
INTELSAT JACKSON HLD P/P 144A 09.7500 07/15/2025 0.07%
LIBERTY MUTUAL GROUP P/P 144A 07.8000 03/15/2037 0.07%
LNSTR 2015-3 B P/P 144A 03.3278 04/20/2048 0.07%
MEDICAL PROPERTIES TRUST INC 0.07%
METLIFE INC. 04.7500 02/08/2021 0.07%
NATIONAL RETAIL PROPERTIES 0.07%
NEW WORLD DEVELOPMENT 0.07%
NOMURA HOLDINGS INC 0.07%
OMEGA HEALTHCARE INVESTORS 0.07%
PFIZER INC 01.7000 12/15/2019 0.07%
QANTAS AIRWAYS LTD 0.07%
ROYAL DUTCH SHELL PLC-B SHS 0.07%
SANDVIK AB 0.07%
SK INNOVATION CO LTD 0.07%
SOUTHERN CO/THE 0.07%
SPIRIT REALTY CAPITAL INC 0.07%
SPY 20180817 P 215.00CITI 0.07%
UNITED TRACTORS TBK PT 0.07%
VALEO SA 0.07%
WELLS FARGO & COMPANY 02.6000 07/22/2020 0.07%
WHEELOCK & CO LTD 0.07%
WP CAREY INC 0.07%
ADS INC P/P 144A 05.6250 11/15/2024 0.06%
ALLY FINANCIAL INC 05.7500 11/20/2025 0.06%
ALTA MESA HLDGS P/P 144A 07.8750 12/15/2024 0.06%
AMERICAN EXPRESS COMPANY 07.0000 03/19/2018 0.06%
AMERICAN HOME 4 RENT 0.06%
ANHUI CONCH CEMENT CO LTD-H 0.06%
ARISTOCRAT LEISURE LTD 0.06%
ASAHI KASEI CORP 0.06%
BANK OF CHINA LTD-H 0.06%
BARCLAYS BANK PLC P/P 144A 10.1790 06/12/2021 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%
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%
CGCMT 2014-GC19 X IO 01.3709 03/10/2047 0.06%
CHINA CINDA ASSET MANAGEME-H 0.06%
CHINA RAILWAY CONSTRUCTION-H 0.06%
CHINA STATE CONSTRUCTION -A 144A REGS WARRANT 01/22/2018 0.06%
CHS/COMMUNITY HEALTH 06.8750 02/01/2022 0.06%
CITIGROUP INC 03.8870 01/10/2028 0.06%
CMLTI 2005-2 1A2A 03.2532 05/25/2035 0.06%
COMM 2014-LC15 XA IO 01.4985 04/10/2047 0.06%
CORELOGIC INC 0.06%
DONGFENG MOTOR GRP CO LTD-H 0.06%
DYNEGY INC 07.6250 11/01/2024 0.06%
EURONET WORLDWIDE INC 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%
GENON AMERICAS GENR LLC 09.1250 05/01/2031 0.06%
GSMS 2014-GC22 XA IO 01.1832 06/10/2047 0.06%
HANWHA CORPORATION 0.06%
HCA INC 06.5000 02/15/2020 0.06%
INDOFOOD SUKSES MAKMUR TBK P 0.06%
JACK OHIO FIN LLC/FI P/P 144A 06.7500 11/15/2021 0.06%
JACK OHIO FIN LLC/FI P/P 144A 10.2500 11/15/2022 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%
NATL HEALTH INVESTORS INC 0.06%
NOVELIS CORP P/P 144A 05.8750 09/30/2026 0.06%
NRG ENERGY INC 06.6250 01/15/2027 0.06%
ORACLE CORP 02.6500 07/15/2026 0.06%
PEACHTREE FUNDING TR P/P 144A 03.9760 02/15/2025 0.06%
PETROLEOS MEXICANOS USD 05.6250 01/23/2046 0.06%
PULTEGROUP INC. 07.8750 06/15/2032 0.06%
ROYAL MAIL PLC 0.06%
SINOPEC SHANGHAI PETROCHEM-H 0.06%
SIX FLAGS ENT P/P 144A 05.5000 04/15/2027 0.06%
SOLERA LLC / SOLERA P/P 144A 10.5000 03/01/2024 0.06%
SPY 20180720 P 215.00CITI 0.06%
STACR 2016-DNA3 M1 02.3372 12/25/2028 0.06%
SUNSTONE HOTEL INVESTORS INC 0.06%
TABCORP HOLDINGS LTD 0.06%
TRANSDIGM INC 06.3750 06/15/2026 0.06%
TWENTY-FIRST CENTURY FOX-A 0.06%
UPM-KYMMENE OYJ 0.06%
US CONCRETE INC 06.3750 06/01/2024 0.06%
WESTLAKE CHEM CORP 03.6000 08/15/2026 0.06%
WPX ENERGY INC 06.0000 01/15/2022 0.06%
ALTRIA GROUP INC 02.8500 08/09/2022 0.05%
AMDOCS LTD 0.05%
AMERICAN TIRE DISTRI P/P 144A 10.2500 03/01/2022 0.05%
APPLE INC 03.8500 05/04/2043 0.05%
ASSOCIATED BRITISH FOODS PLC 0.05%
AT&T INC 04.2500 03/01/2027 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%
BOISE CASCADE CO P/P 144A 05.6250 09/01/2024 0.05%
BOMBARDIER INC P/P 144A 08.7500 12/01/2021 0.05%
BP CAPITAL MARKETS PLC USD 02.3150 02/13/2020 0.05%
BRAND ENERGY TL L+425 05.5219 06/21/2024 0.05%
CALPINE CORP 05.7500 01/15/2025 0.05%
CHAILEASE HOLDING CO LTD 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%
CHESAPEAKE ENERGY CO P/P 144A 08.0000 01/15/2025 0.05%
CHINA SHENHUA ENERGY CO-H 0.05%
CIA DE TRANSMISSAO DE ENE-PF 0.05%
COMCAST CORP 06.5000 11/15/2035 0.05%
COMM 2014-UBS6 XA IO 01.1746 12/10/2047 0.05%
COMPASS MINERALS INT P/P 144A 04.8750 07/15/2024 0.05%
CORPORATE OFFICE PROPERTIES 0.05%
DAI NIPPON PRINTING CO LTD 0.05%
DIAMOND RESORTS INTL P/P 144A 07.7500 09/01/2023 0.05%
DISH DBS CORP 05.8750 11/15/2024 0.05%
ENDESA S.A. 0.05%
FIRST DATA CORP P/P 144A 07.0000 12/01/2023 0.05%
GCP APPLIED TECH P/P 144A 09.5000 02/01/2023 0.05%
GENPACT LTD 0.05%
GLENCORE FUNDING LLC P/P 144A 04.0000 04/16/2025 0.05%
GLENCORE FUNDING LLC P/P 144A 04.6250 04/29/2024 0.05%
HCA INC 05.5000 06/15/2047 0.05%
HCP INC 0.05%
HIGHWOODS PROPERTIES INC 0.05%
HONEYWELL INTERNATIONAL 05.3750 03/01/2041 0.05%
HUNTSMAN INTERNATIONAL LLC 04.8750 11/15/2020 0.05%
IRON MOUNTAIN INC P/P 144A 04.8750 09/15/2027 0.05%
ISBANK-C 0.05%
ISTAR INC 0.05%
ITAU UNIBANCO H-SPON PRF ADR 0.05%
JONAH NRG LLC/FINANC P/P 144A 07.2500 10/15/2025 0.05%
JPMCC 2010-C1 D P/P 144A 06.4009 06/15/2043 0.05%
KOC HLDG 0.05%
LANDSTAR SYSTEM INC 0.05%
MASTEC INC 04.8750 03/15/2023 0.05%
MORGAN STANLEY 02.6500 01/27/2020 0.05%
NAVISTAR INTERNATIONAL CORP 08.2500 11/01/2021 0.05%
NEWFIELD EXPLORATION CO 05.3750 01/01/2026 0.05%
NEXSTAR BROADC P/P 144A 05.6250 08/01/2024 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%
PEGATRON CORP 0.05%
PENSKE AUTOMOTIVE GROUP 05.5000 05/15/2026 0.05%
PEOPLES INSURANCE CO 0.05%
PETROBRAS GLOBAL FINANCE USD 07.2500 03/17/2044 0.05%
PTT PCL/FOREIGN 0.05%
RADIANT OPTO-ELECTRONICS COR 0.05%
RENAULT SA 0.05%
RETAIL PROPERTIES OF AME - A 0.05%
SAPPI LIMITED 0.05%
SCOTTS MIRACLE-GRO CO 0.05%
SINCLAIR TELEVISION P/P 144A 05.6250 08/01/2024 0.05%
SPRINT CAPITAL CORPORATION 06.8750 11/15/2028 0.05%
SPST 2017-1 A 02.1372 02/25/2049 0.05%
SPY 20180615 P 210.00CITI 0.05%
TAISEI CORP 0.05%
TELKOM SA SOC LTD 0.05%
TURKIYE GARANTI BANKASI 0.05%
TWO HARBORS INVESTMENT CORP 0.05%
VESTAS WIND SYSTEMS A/S 0.05%
WALGREENS BOOTS ALLIANCE INC 0.05%
WASHINGTON PRIME GROUP INC 0.05%
WR GRACE & CO-CONN P/P 144A 05.6250 10/01/2024 0.05%
AES CORP/VA 05.1250 09/01/2027 0.04%
AIR MEDICAL MERGER S P/P 144A 06.3750 05/15/2023 0.04%
AIRASIA BHD 0.04%
AMAZON.COM INC P/P 144A 03.1500 08/22/2027 0.04%
AMERICAN TOWER CORP 04.0000 06/01/2025 0.04%
ANGLO AMER PLC 0.04%
ASP AMC MERGER SUB P/P 144A 08.0000 05/15/2025 0.04%
BANK OF AMERICA CORP 03.2480 10/21/2027 0.04%
BANK OF NOVA SCOTIA USD 02.3500 10/21/2020 0.04%
BEACON ROOFING SUPPL 06.3750 10/01/2023 0.04%
BECTON DICKINSON AND CO 03.7000 06/06/2027 0.04%
BIG RVR STL/FIN P/P 144A 07.2500 09/01/2025 0.04%
BIOGEN INC 03.6250 09/15/2022 0.04%
BLUE CUBE SPINCO INC 09.7500 10/15/2023 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%
CAS 2015-C01 1M2 05.5372 02/25/2025 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 01.9793 09/10/2045 0.04%
CGCMT 2014-GC21 C 04.7800 05/10/2047 0.04%
CHARLES RIVER LABORATORIES 0.04%
CHINA LESSO GROUP HOLDINGS L 0.04%
CHONGQING RURAL COMMERCIAL-H 0.04%
CITIGROUP INC 03.6680 07/24/2028 0.04%
CNO FINANCIAL GROUP INC 05.2500 05/30/2025 0.04%
COMM 2013-CR11 C P/P 144A 05.1685 08/10/2050 0.04%
COMM 2014-CR17 XA IO 01.2969 05/10/2047 0.04%
COMMSCOPE TECH LLC P/P 144A 06.0000 06/15/2025 0.04%
CORESITE REALTY CORP 0.04%
COVESTRO AG 0.04%
CPURNSA R 1.76 P 07/08/26 BA 0.04%
CRC ESCROW ISSUER LL P/P 144A 05.2500 10/15/2025 0.04%
CSC HOLDINGS LLC 06.7500 11/15/2021 0.04%
CVS HEALTH CORP 04.7500 12/01/2022 0.04%
DIGITAL REALTY TRUST INC 0.04%
ECOLAB INC 02.7000 11/01/2026 0.04%
ENDEAVOR ENERGY P/P 144A 08.1250 09/15/2023 0.04%
EQT CORP 03.9000 10/01/2027 0.04%
EVEREST ACQ LLC/FIN 09.3750 05/01/2020 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%
FORD MOTOR COMPANY 04.3460 12/08/2026 0.04%
FORD OTOMOTIV 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 04.8139 06/20/2043 0.04%
GOLDEN NUGGET INC P/P 144A 08.7500 10/01/2025 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%
JPMBB 2013-C14 C 04.7211 08/15/2046 0.04%
JPMORGAN CHASE & CO 02.2950 08/15/2021 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%
KINDER MORGAN INC 03.1500 01/15/2023 0.04%
KRATON POLYMERS P/P 144A 10.5000 04/15/2023 0.04%
KURARAY CO LTD 0.04%
LEAR CORP 03.8000 09/15/2027 0.04%
LOUISIANA-PACIFIC CORP 04.8750 09/15/2024 0.04%
LPL HOLDINGS INC P/P 144A 05.7500 09/15/2025 0.04%
MACERICH CO/THE 0.04%
MASONITE INTL C P/P 144A 05.6250 03/15/2023 0.04%
MERCER INTL INC USD 06.5000 02/01/2024 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%
NEWELL BRANDS INC 04.2000 04/01/2026 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%
OSHKOSH CORP 05.3750 03/01/2025 0.04%
PARK-OHIO INDUSTRIES INC 06.6250 04/15/2027 0.04%
POOL CORP 0.04%
POU CHEN 0.04%
PUGET SOUND ENERGY INC 06.9740 06/01/2067 0.04%
REVLON CONS TLB L+350 04.7350 09/07/2023 0.04%
REVLON CONSUMER PROD 06.2500 08/01/2024 0.04%
RIO TINTO PLC 0.04%
RIVERS PITTSBURGH LP P/P 144A 06.1250 08/15/2021 0.04%
SAMI 2007-AR7 1A1 02.0872 05/25/2047 0.04%
SASC 2006-AM1 A4 01.3972 04/25/2036 0.04%
SEVEN GENS ENER P/P 144A 08.2500 05/15/2020 0.04%
SHINHAN FINANCIAL GROUP LTD 0.04%
SONOCO PRODUCTS CO 0.04%
SOUTHERN STAR CENT P/P 144A 05.1250 07/15/2022 0.04%
SPY 20180518 P 210.00JPMCB 0.04%
STATOIL ASA USD 02.9000 11/08/2020 0.04%
STEEL DYNAMICS INC P/P 144A 04.1250 09/15/2025 0.04%
SUN HUNG KAI PROPERTIES 0.04%
SWEDISH MATCH AB 0.04%
SWISS RE TREAS P/P 144A 04.2500 12/06/2042 0.04%
TEMPO ACQ LLC/FI P/P 144A 06.7500 06/01/2025 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 07.2500 08/15/2025 0.04%
TOPPAN PRINTING CO LTD 0.04%
TTM TECHNOLOGIES INC P/P 144A 05.6250 10/01/2025 0.04%
ULTA BEAUTY INC 0.04%
UNILEVER NV-CVA 0.04%
UNITEDHEALTH GROUP INC 06.0000 02/15/2018 0.04%
UNIVISION COMM P/P 144A 05.1250 02/15/2025 0.04%
USIS MERGER SUB INC P/P 144A 06.8750 05/01/2025 0.04%
VALEANT PHARMA P/P 144A 07.0000 03/15/2024 0.04%
VENTAS INC 0.04%
VERIZON COMM 04.5220 09/15/2048 0.04%
WATCO COS LLC/FI P/P 144A 06.3750 04/01/2023 0.04%
WBCMT 2005-C21 D 05.4681 10/15/2044 0.04%
WERNER FINCO LP/INC P/P 144A 08.7500 07/15/2025 0.04%
WESTROCK MWV LLC 08.2000 01/15/2030 0.04%
WFRBS 2011-C5 XA IO P/P 144A 01.9250 11/15/2044 0.04%
WFRBS 2012-C10 XA IO P/P 144A 01.7531 12/15/2045 0.04%
WYNDHAM WORLDWIDE CORP 04.5000 04/01/2027 0.04%
1011778 BC / NEW RED P/P 144A 04.2500 05/15/2024 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 03.6250 04/01/2027 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%
AMER TRANS SYST P/P 144A 05.0000 09/01/2044 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%
ASSURED GUARANTY LTD 0.03%
AT&T INC 03.4000 05/15/2025 0.03%
AT&T INC 04.7500 05/15/2046 0.03%
AUTONATION INC. 05.5000 02/01/2020 0.03%
BANK OF AMERICA CORP 06.1000 12/29/2049 0.03%
BERRY GLOBAL INC 05.1250 07/15/2023 0.03%
BP CAPITAL MARKETS PLC USD 01.7680 09/19/2019 0.03%
BRAND ENERGY & I P/P 144A 08.5000 07/15/2025 0.03%
BRANDYWINE REALTY TRUST 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%
CENTURYLINK INC 06.7500 12/01/2023 0.03%
CGCMT 2014-GC21 AS 04.0260 05/10/2047 0.03%
CGPUTQL2 R USL3M P 12/01/17 CI 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%
CINEMARK USA INC 04.8750 06/01/2023 0.03%
CITIGROUP INC 02.6500 10/26/2020 0.03%
CITIGROUP INC 05.5000 09/13/2025 0.03%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CS 0.03%
CNG HOLDINGS INC P/P 144A 09.3750 05/15/2020 0.03%
COMMERCEHUB INC-SERIES C 0.03%
COMMONWEALTH BK AUST P/P 144A 03.1500 09/19/2027 0.03%
CONTINENTAL RES 04.5000 04/15/2023 0.03%
CPURNSA R 1.858 P 04/07/26 0.03%
CPURNSA R 1.88 P 05/06/26 BA 0.03%
CPURNSA R 2.05 P 06/14/27 BA 0.03%
CSTN MERGER SUB INC P/P 144A 06.7500 08/15/2024 0.03%
DEAN FOODS CO P/P 144A 06.5000 03/15/2023 0.03%
DGB FINANCIAL GROUP INC 0.03%
DIAMONDBACK ENERGY INC 05.3750 05/31/2025 0.03%
DOW CHEMICAL CO/THE 03.5000 10/01/2024 0.03%
DYNEGY INC P/P 144A 08.1250 01/30/2026 0.03%
E.I. DU PONT DE NEMOURS 01.8406 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 05.7156 03/15/2041 0.03%
FNR 2012-58 SM IO 05.2628 06/25/2042 0.03%
FORTESCUE METALS GROUP LTD 0.03%
FTS INTL INC P/P 144A 08.8200 06/15/2020 0.03%
GENERAL MOTORS FINL CO 04.0000 10/06/2026 0.03%
GETTY REALTY CORP 0.03%
GNR 2016-123 LI IO 03.5000 03/20/2044 0.03%
GRAY TELEVISION INC P/P 144A 05.8750 07/15/2026 0.03%
GREAT LAKES D&D 08.0000 05/15/2022 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%
HEICO CORP 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%
INNOGY SE 0.03%
INTERCONTINENTAL EXCHANGE IN 0.03%
ISS A/S 0.03%
JO-ANN HOLDCO P/P 144A 09.7500 10/15/2019 0.03%
JPMBB 2014-C22 C 04.7112 09/15/2047 0.03%
JPMORGAN CHASE & CO 04.1250 12/15/2026 0.03%
JPMORGAN CHASE & CO 05.3000 12/29/2049 0.03%
KAJIMA CORP 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%
MACQUARIE BANK LTD P/P 144A 02.8500 07/29/2020 0.03%
MAPFRE SA 0.03%
MEDIPAL HOLDINGS CORP 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%
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%
NBCUNIVERSAL MEDIA LLC 05.1500 04/30/2020 0.03%
NEIMAN MARCUS TL L+325 04.4806 10/25/2020 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%
ORTHO-CLINICAL TLB L+375 05.0828 06/30/2021 0.03%
OTSUKA CORP 0.03%
PEPSICO INC 0.03%
PLANTRONICS INC P/P 144A 05.5000 05/31/2023 0.03%
POPULAR INC 0.03%
PRECISION DRILLING CORP USD 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%
PS BUSINESS PARKS INC/CA 0.03%
RANDSTAD HOLDING NV 0.03%
RANGE RESOURCES CORP P/P 144A 05.7500 06/01/2021 0.03%
REGAL ENTERTAINMENT GRP 05.7500 06/15/2023 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%
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%
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%
SMURFIT KAPPA TREASURY USD 07.5000 11/20/2025 0.03%
SPY 20180420 P 205.00CITI 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%
TRI POINTE GROUP / HOMES 05.8750 06/15/2024 0.03%
TRIPOD TECHNOLOGY CORP 0.03%
UBSBB 2012-C2 D P/P 144A 05.0550 05/10/2063 0.03%
UBSBB 2012-C3 C P/P 144A 05.2098 08/10/2049 0.03%
UNITEDHEALTH GROUP INC 04.7000 02/15/2021 0.03%
USG CORP P/P 144A 04.8750 06/01/2027 0.03%
VERIZON COMMUNICATIONS 04.1250 03/16/2027 0.03%
VOESTALPINE AG 0.03%
WELLS FARGO & COMPANY 05.8750 12/29/2049 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 04.4301 07/15/2046 0.03%
WFRBS 2011-C3 D P/P 144A 05.8132 03/15/2044 0.03%
WFRBS 2013-UBS1 AS 04.3060 03/15/2046 0.03%
WHARF HOLDINGS LTD 0.03%
WORLD FUEL SERVICES CORP 0.03%
WRANGLER BUYER CORP P/P 144A 06.0000 10/01/2025 0.03%
1011778 BC / NEW RED P/P 144A 04.6250 01/15/2022 0.02%
1011778 BC / NEW RED P/P 144A 05.0000 10/15/2025 0.02%
A SCHULMAN INC 06.8750 06/01/2023 0.02%
AK STEEL CORP 06.3750 10/15/2025 0.02%
ALLIANT HOLD / CO-IS 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 02.0000 05/06/2020 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%
ASPEN INSURANCE HOLDINGS LTD 0.02%
ASTRAZENECA PLC 0.02%
AUD/USD 10/18/2017 RBSF 0.02%
AUTOMATION TOOLING S P/P 144A 06.5000 06/15/2023 0.02%
BANCO SANTANDER BRASIL-UNIT 0.02%
BANDAI NAMCO HOLDINGS INC 0.02%
BOYD GAMING CORP 06.3750 04/01/2026 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%
CALPINE CORP P/P 144A 05.2500 06/01/2026 0.02%
CALTEX AUSTRALIA LTD 0.02%
CANTOR FITZGERALD LP P/P 144A 07.8750 10/15/2019 0.02%
CAS 2015-C02 1M2 05.2372 05/25/2025 0.02%
CAS 2015-C03 2M2 06.2372 07/25/2025 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 USD 06.7500 11/15/2039 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%
CF INDUSTRIES INC 04.9500 06/01/2043 0.02%
CHANGYOU.COM LTD-ADR 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%
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%
COMCAST CORP 03.3750 02/15/2025 0.02%
COMCAST CORP 06.9500 08/15/2037 0.02%
COMM 2013-CR11 XA IO 01.1515 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%
CREDIT ACCEPTANC 06.1250 02/15/2021 0.02%
CREDIT ACCEPTANC 07.3750 03/15/2023 0.02%
CROWN CASTLE INTL CORP 03.6500 09/01/2027 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 01.4472 04/25/2047 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%
DISTRIBUIDORA INTERNACIONAL 0.02%
EASTMAN CHEMICAL CO 03.8000 03/15/2025 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%
FIFTH THIRD BANCORP 05.1000 12/29/2049 0.02%
FOUR CORNERS PROPERTY TRUST 0.02%
FREEPORT-MCMORAN INC 06.7500 02/01/2022 0.02%
GARTNER INC P/P 144A 05.1250 04/01/2025 0.02%
GETTY IMAGES TLB L+350 04.7500 10/18/2019 0.02%
GLP CAP LP / FIN II 04.8750 11/01/2020 0.02%
GNR 2015-H26 DI IO 01.8645 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 01.3572 05/25/2047 0.02%
GSMS 2014-GC22 C 04.8005 06/10/2047 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%
HSBC FINANCE CORP 06.6760 01/15/2021 0.02%
IBERDROLA SA 0.02%
ICAHN ENTER/FIN 06.0000 08/01/2020 0.02%
ICAHN ENTER/FIN 06.7500 02/01/2024 0.02%
ICAHN ENTERPRISES/FI 06.2500 02/01/2022 0.02%
INTL CONSOLIDATED AIRLINE-DI 0.02%
INTUITIVE SURGICAL INC 0.02%
IPALCO ENTPRS IN P/P 144A 03.7000 09/01/2024 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%
JPMCC 2005-LDP5 F 05.8884 12/15/2044 0.02%
JTEKT 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%
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%
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 06.5000 10/01/2025 0.02%
MATTAMY GROUP CORP P/P 144A 06.8750 12/15/2023 0.02%
MAZDA MOTOR CORP 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 P/P 144A 05.2500 01/15/2024 0.02%
MLMI 2005-A2 A2 02.9727 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 01.0467 10/15/2046 0.02%
MSBAM 2014-C17 XA IO 01.3954 08/15/2047 0.02%
MURPHY OIL CORP 05.7500 08/15/2025 0.02%
NEUBERGER BERMAN GRP P/P 144A 04.8750 04/15/2045 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%
OSHKOSH CORP 05.3750 03/01/2022 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%
PETROLEOS DE VEN P/P 144A 06.0000 11/15/2026 0.02%
QUALITY CARE PROPERTIES 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%
REGIONS FINANCIAL CORP 02.7500 08/14/2022 0.02%
REYNOLDS GRP ISS/REY P/P 144A 04.8036 07/15/2021 0.02%
RITE AID CORP P/P 144A 06.1250 04/01/2023 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 04.4000 02/15/2026 0.02%
SABINE PASS LIQUEF 05.0000 03/15/2027 0.02%
SABINE PASS LIQUEFACTION 04.2000 03/15/2028 0.02%
SANDRIDGE ENERGY INC 0.02%
SELECT INCOME REIT 0.02%
SEVEN GENERATIONS P/P 144A 05.3750 09/30/2025 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 06.5000 11/15/2021 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%
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 05.3750 02/01/2027 0.02%
TAYLOR MORRISON COMM P/P 144A 05.2500 04/15/2021 0.02%
TENET HEALTHCARE 04.7500 06/01/2020 0.02%
TENET HEALTHCARE CORP 08.1250 04/01/2022 0.02%
TENNECO INC 05.0000 07/15/2026 0.02%
TENNECO INC 05.3750 12/15/2024 0.02%
THE AES CORPORATION 04.8750 05/15/2023 0.02%
TIME WARNER INC 02.9500 07/15/2026 0.02%
TR OP / TR FIN P/P 144A 05.3750 09/01/2025 0.02%
TUI AG-DI 0.02%
TYSON FOODS INC 05.1500 08/15/2044 0.02%
UNIVAR USA INC P/P 144A 06.7500 07/15/2023 0.02%
USG CORP P/P 144A 05.5000 03/01/2025 0.02%
VALEANT PHARMA P/P 144A 05.3750 03/15/2020 0.02%
VENATOR FIN SARL/VEN P/P 144A 05.7500 07/15/2025 0.02%
WALGREENS BOOTS ALLIANCE 03.3000 11/18/2021 0.02%
WAMU 2005-AR10 1A3 03.2781 09/25/2035 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 01.9583 10/15/2045 0.02%
WFRBS 2013-C15 C 04.6281 08/15/2046 0.02%
WILLIAMS PARTNERS LP 04.3000 03/04/2024 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%
WPX ENERGY INC 08.2500 08/01/2023 0.02%
WYNN LAS VEGAS P/P 144A 05.2500 05/15/2027 0.02%
YANGZIJIANG SHIPBUILDING 0.02%
YUE YUEN INDUS 0.02%
ZEKELMAN IND INC P/P 144A 09.8750 06/15/2023 0.02%
1011778 BC / NEW RED P/P 144A 05.0000 10/15/2025 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%
ALIMENTATION COUCHE-TARD 3.550000 07/26/2027 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%
ALLISON TRANSMISSION P/P 144A 04.7500 10/01/2027 0.01%
AMC ENT HOLDIN 05.8750 11/15/2026 0.01%
AMC ENT HOLDIN 06.1250 05/15/2027 0.01%
ANDEAVOR LOGIS LP/CORP 05.2500 01/15/2025 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%
ASCEND LEARNING LLC P/P 144A 06.8750 08/01/2025 0.01%
ASTRAZENECA PLC USD 06.4500 09/15/2037 0.01%
AU OPTRONICS CORP 0.01%
AUD/USD 10/18/2017 BANKAM 0.01%
AUD/USD 10/18/2017 BCAP-FX 0.01%
AUD/USD 10/18/2017 WPAC 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%
BERKSHIRE HATHAWAY ENERG 06.1250 04/01/2036 0.01%
BERRY GLOBAL INC 05.5000 05/15/2022 0.01%
BIOSCRIP INC 08.8750 02/15/2021 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 10/18/2017 CSI-FX 0.01%
CAD/USD 10/18/2017 JPMCB 0.01%
CALATLANTIC GROUP INC 05.8750 11/15/2024 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 2016-C06 1M2 05.4872 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%
CHESAPEAKE ENERGY CO P/P 144A 08.0000 01/15/2025 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%
CHS/COMMUNITY HEALTH 08.0000 11/15/2019 0.01%
CHS/COMMUNITY HEALTH SYS 07.1250 07/15/2020 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 01.3450 04/10/2047 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%
COX COMM INC P/P 144A 03.5000 08/15/2027 0.01%
CPG INTL TL L+375 05.0828 05/03/2024 0.01%
CROWN CASTLE INTL CORP 04.8750 04/15/2022 0.01%
DAIWA SECURITIES GROUP INC 0.01%
DAVITA INC 0.01%
DCP MIDSTREAM OPERATING 02.7000 04/01/2019 0.01%
DENBURY RESOURCES INC 06.3750 08/15/2021 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 ENERGY INC 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%
DYNEGY INC P/P 144A 08.0000 01/15/2025 0.01%
EASYJET PLC 0.01%
EMERA US FINANCE LP 03.5500 06/15/2026 0.01%
ENERGY TRANSFER LP 06.1250 12/15/2045 0.01%
ENERGY TRANSFER/FINANCE 05.8750 03/01/2022 0.01%
ENGIE 0.01%
ENI SPA 0.01%
EUTELSAT COMMUNICATIONS 0.01%
FORTERRA TL L+300 04.2350 10/25/2023 0.01%
FRONTIER COMM 10.5000 09/15/2022 0.01%
FRONTIER COMM 11.0000 09/15/2025 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%
GREAT WALL MOTOR COMPANY-H 0.01%
GRINDING MEDIA/M P/P 144A 07.3750 12/15/2023 0.01%
HAIER ELECTRONICS GROUP CO 0.01%
HALCON RESOURCES COR P/P 144A 12.0000 02/15/2022 0.01%
HALCON RESOURCES CORP 0.01%
HALYARD HEALTH INC 06.2500 10/15/2022 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%
HYUNDAI MARINE 0.01%
ICAHN ENTERPRISES/FI 05.8750 02/01/2022 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 05.2500 09/15/2022 0.01%
ISTAR INC 06.0000 04/01/2022 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%
JAPAN POST BANK CO LTD 0.01%
JBG SMITH PROPERTIES 0.01%
JOSEPH T RYERSON & S P/P 144A 11.0000 05/15/2022 0.01%
JPMCC 2006-LDP7 B 06.1377 04/17/2045 0.01%
JPY/USD 11/15/2017 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%
LAMAR MEDIA CORP 05.3750 01/15/2024 0.01%
LAREDO PETROLEUM INC 05.6250 01/15/2022 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 GROWTH/MGM FIN P/P 144A 04.5000 01/15/2028 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%
MIXI INC 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%
MSC 2007-HQ11 AJ 05.5080 02/12/2044 0.01%
MURRAY ENERGY CORP P/P 144A 11.2500 04/15/2021 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%
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%
POMEGRANATE MERGER S P/P 144A 09.7500 05/01/2023 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%
REGAL ENTERTAINMENT GRP 05.7500 02/01/2025 0.01%
REVLON CONSUMER PRODS 05.7500 02/15/2021 0.01%
ROSE ROCK MIDSTREAM/ 05.6250 07/15/2022 0.01%
RUB/USD 12/20/2017 BANKAM 0.01%
S&P GLOBAL INC 02.9500 01/22/2027 0.01%
SAUL CENTERS INC 0.01%
SEALED AIR CORP P/P 144A 05.5000 09/15/2025 0.01%
SEK/USD 12/20/2017 GSFX 0.01%
SEK/USD 12/20/2017 JPMCB 0.01%
SEMGROUP CORP P/P 144A 06.3750 03/15/2025 0.01%
SESI LLC 07.1250 12/15/2021 0.01%
SESI LLC P/P 144A 07.7500 09/15/2024 0.01%
SEVEN GENERATIONS EN P/P 144A 06.7500 05/01/2023 0.01%
SHERWIN-WILLIAMS CO 02.7500 06/01/2022 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%
TAIWAN DOLLAR CALL ACCOUNT 0.01%
TALLGRASS NRG PRTNR P/P 144A 05.5000 01/15/2028 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%
TEVA PHARMACEUTICALS NE USD 03.1500 10/01/2026 0.01%
THE BANK OF NOVA SCOTIA USD 02.7000 03/07/2022 0.01%
TIER REIT INC 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%
TRIBUNE MEDIA CO 05.8750 07/15/2022 0.01%
TRONOX FINANCE PLC P/P 144A 05.7500 10/01/2025 0.01%
TURKEY GOVERNMENT BOND TRY 11.0000 03/02/2022 0.01%
TURKIYE HALK BANKASI 0.01%
TYSON FOODS INC 04.8750 08/15/2034 0.01%
UNITED AIR 2014-2 A PTT 03.7500 09/03/2026 0.01%
UNITED STATES STEEL CORP 06.8750 08/15/2025 0.01%
US FOODS HOLDING CORP 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%
VMWARE INC 03.9000 08/21/2027 0.01%
WABASH NATIONAL CORP P/P 144A 05.5000 10/01/2025 0.01%
WELLCARE HEALTH PLANS 05.2500 04/01/2025 0.01%
WFRBS 2014-C19 C 04.6460 03/15/2047 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%
WYNDHAM WORLDWIDE CORP 05.6250 03/01/2021 0.01%
1.80 R ISWP FWD US0003M P 12/20/2019 0.00%
1011778 BC / NEW RED P/P 144A 06.0000 04/01/2022 0.00%
2.05 R ISWP FWD US0003M P 12/20/2022 0.00%
2.2935 R ISWP US0003M P 10/02/2027 0.00%
2.50 R ISWP FWD US0003M P 12/20/2047 0.00%
ALLEGHENY TECHNOLOGIES 07.8750 08/15/2023 0.00%
AMERICAN AXLE & MFG INC 07.7500 11/15/2019 0.00%
AUSTRALIAN DOLLAR ACCOUNT 0.00%
BANK NEGARA INDONESIA PERSER 0.00%
BERKELEY GROUP HOLDINGS/THE 0.00%
BGC PARTNERS INC 05.1250 05/27/2021 0.00%
BRL/USD 01/03/2018 CITI 0.00%
CAD/USD 10/18/2017 UBS 0.00%
CAD/USD 10/18/2017 WPAC 0.00%
CAS 2014-C03 2M1 02.4372 07/25/2024 0.00%
CD&R WATERWORKS MERGER 144A 6.125000 08/15/2025 0.00%
CHEMOURS CO 06.6250 05/15/2023 0.00%
CHF/USD 12/20/2017 JPMCB 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 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 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.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 CG 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 CG 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.BB.7 2047-01-17 500.0 01/17/2047 JP 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 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 11/15/2017 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 0.00%
CPURNSA R 2.085 P 08/07/27 0.00%
DCP MIDSTREAM OPERATING 03.8750 03/15/2023 0.00%
DKK/USD 12/20/2017 CITI 0.00%
ESC SEVENTYSEVENERG 06.5000 07/15/2022 0.00%
EUR/USD 12/20/2017 BANKAM 0.00%
EUR/USD 12/20/2017 BCAP-FX 0.00%
EUR/USD 12/20/2017 CITI 0.00%
EUR/USD 12/20/2017 CSI-FX 0.00%
EUR/USD 12/20/2017 GSFX 0.00%
EUR/USD 12/20/2017 HSBCB 0.00%
EUR/USD 12/20/2017 RBSF 0.00%
EUR/USD 12/20/2017 SSBT 0.00%
EUR/USD 12/20/2017 UBS 0.00%
EURO BUXL 30Y BND DEC17 UBZ7 0.00%
EURO-BOBL FUTURE DEC17 OEZ7 0.00%
EURO-BUND FUTURE DEC17 RXZ7 0.00%
EURO-SCHATZ FUT DEC17 DUZ7 0.00%
FIDELITY NATIONAL INFORM 05.0000 10/15/2025 0.00%
FREEPORT-MCMORAN COPPER & GOL 03.5500 03/01/2022 0.00%
FUJITSU LTD 0.00%
GBP/USD 12/20/2017 HSBCB 0.00%
GBP/USD 12/20/2017 JPMCB 0.00%
GBP/USD 12/20/2017 SSBT 0.00%
GEDI GRUPPO EDITORIALE SPA 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 11/15/2017 BANKAM 0.00%
HUF/USD 12/20/2017 GSFX 0.00%
I-CABLE COMMUNICATIONS LTD 0.00%
IDR/USD 11/15/2017 GSFX 0.00%
IDR/USD 11/15/2017 JPMCB 0.00%
ILS/USD 10/18/2017 SSBT 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%
JAPANESE YEN CALL ACCOUNT 0.00%
JPMCC 2004-LN2 A2 05.1150 07/15/2041 0.00%
JPN 10Y BOND(OSE) DEC17 JBZ7 0.00%
JPY/USD 11/15/2017 BCAP-FX 0.00%
JPY/USD 11/15/2017 CSI-FX 0.00%
JPY/USD 11/15/2017 GSFX 0.00%
JPY/USD 11/15/2017 HSBCB 0.00%
JPY/USD 11/15/2017 RBSF 0.00%
JPY/USD 11/15/2017 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 DEC17 G Z7 0.00%
MGM RESORTS INTL 06.6250 12/15/2021 0.00%
MXN/USD 10/18/2017 HSBCB 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 12/20/2017 BANKAM 0.00%
NOK/USD 12/20/2017 CITI 0.00%
NOK/USD 12/20/2017 GSFX 0.00%
NOK/USD 12/20/2017 JPMCB 0.00%
NOK/USD 12/20/2017 UBS 0.00%
NOVELIS CORP P/P 144A 06.2500 08/15/2024 0.00%
NOVUS HOLDINGS LTD 0.00%
NRG ENERGY INC 07.2500 05/15/2026 0.00%
NZD/USD 10/18/2017 GSFX 0.00%
NZD/USD 10/18/2017 JPMCB 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%
RUB/USD 12/20/2017 CITI 0.00%
S&P500 EMINI FUT DEC17 ESZ7 0.00%
SEK/USD 12/20/2017 CITI 0.00%
SEK/USD 12/20/2017 CSI-FX 0.00%
SEK/USD 12/20/2017 RBSF 0.00%
SEK/USD 12/20/2017 SSBT 0.00%
SEK/USD 12/20/2017 UBS 0.00%
SELECT INCOME REIT 02.8500 02/01/2018 0.00%
SELECT INCOME REIT 03.6000 02/01/2020 0.00%
SGD/USD 11/15/2017 JPMCB 0.00%
SPY 20171027 C 257.00BANKAM 0.00%
SWEDISH KRONA CALL ACCOUNT 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 DEC17 TPZ7 0.00%
US 10YR NOTE (CBT)DEC17 TYZ7 0.00%
US 2YR NOTE (CBT) DEC17 TUZ7 0.00%
US 5YR NOTE (CBT) DEC17 FVZ7 0.00%
US LONG BOND(CBT) DEC17 USZ7 0.00%
US ULTRA BOND CBT DEC17 WNZ7 0.00%
USD/CNH PUT 6.40 20171207 BANKAM 0.00%
USD/CNH PUT 6.50 20171207 BANKAM 0.00%
VALEANT PHARMA P/P 144A 05.6250 12/01/2021 0.00%
WFRBS 2013-C12 XA IO P/P 144A 01.5049 03/15/2048 0.00%
ZAR/USD 10/18/2017 GSFX 0.00%
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%
CPURNSA R 2.17 P 05/05/27 -0.01%
GBP/USD 12/20/2017 CITI -0.01%
IOS.FN30.400.10 P USL1M R 01/12/41 JP -0.01%
NOK/USD 12/20/2017 SSBT -0.01%
NZD/USD 10/18/2017 SSBT -0.01%
TRY/USD 12/20/2017 GSFX -0.01%
TRY/USD 12/20/2017 RBSF -0.01%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP -0.03%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP -0.03%
EUR/USD 12/20/2017 JPMCB -0.03%
CPURNSA R 2.5925 P 09/10/22 -0.04%
CPURNSA R 2.308 P 12/05/26 -0.06%
JPY/USD 11/15/2017 JPMCB -0.06%
CPURNSA R 2.5325 P 08/08/22 -0.10%
RU10INTR P USL3M R 11/27/17 CI -0.11%
2.25 R ISWP FWD US0003M P 12/20/2027 -0.12%
CPURNSA R 2.515 P 08/07/22 -0.20%
CPURNSA R 2.76 P 01/09/23 -0.20%
CPURNSA R 2.81 P 02/08/23 -0.26%
CDX CDX.EM.28 100.0 12/20/2022 BC -0.27%
RU10INTR P US0003M R 08/02/18 BA -0.28%
CPURNSA R 2.57 P 07/19/23 -0.40%
CPURNSA R 2.515 P 08/07/22 -0.66%
CDX CDX.NA.HY.29 500.0 12/20/2022 -0.90%

Prior top 10 holdings

Top 10 holdings as of 10/31/17
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 11/01/2047
S&P Gsci TOT Return Indx 3X Note 11/05/2018-CG
S&P Gsci Total Return Index 3x Note 11/5/2018
S&P Gsci 3X 144a Note 04/20/2018
Fnma Fn15 Tba 03.0000 11/01/2032
Fnma Fn30 Tba 03.0000 11/01/2047
S&P Gsci TOT Return Indx 3X Note 7/23/2018
Johnson & Johnson
Holdings represent 15.04% of portfolio
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

Portfolio composition as of 10/31/17

U.S. TIPS 29.65%
International bonds 24.73%
Commodities 24.44%
U.S. Equity 19.42%
U.S. Investment-grade bonds 15.68%
International equity 12.74%
U.S. High-yield bonds 9.61%
Emerging-markets equity 5.58%
Emerging-market bonds 4.94%
Real estate investment trust 3.23%
U.S. money markets -50.02%

Fixed income statistics as of 10/31/17

Average effective maturity 7.96 yrs.
Average effective duration 5.54 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.