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Dynamic Asset Allocation Growth Fund (Class Y)  (PAGYX)

A globally diversified fund pursuing growth

Dynamic Asset Allocation Growth Fund received an  Overall Morningstar Rating  of  

Highlights

Objective

The fund seeks capital appreciation.

Strategy and process

  • Global benchmark: The fund starts with a globally diversified benchmark with more efficient exposures relative to a typical 80/20 benchmark.
  • Tactical flexibility: The managers have the ability to tilt overall equity and fixed-income allocations +/-15% and shift exposures within each asset class.
  • Active implementation: Managers proactively research and determine the most efficient implementation for each asset class.

Fund price

Yesterday’s close 52-week high 52-week low
Net asset value $15.71
1.22% | $0.19
$18.04
09/21/18
$13.45
12/24/18
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.

20.56%

Best 5-year annualized return

(for period ending 12/31/99)


-3.41%

Worst 5-year annualized return

(for period ending 03/31/09)


7.47%

Average 5-year annualized return


Fund facts as of 07/31/19

Total net assets
$2,855.58M
Turnover (fiscal year end)
109%
Dividend frequency
Annually
Number of holdings
1806
Fiscal year-end
September
CUSIP / Fund code
746444702 / 1843
Inception date
07/14/94
Category
Asset Allocation
Open to new investors
Ticker
PAGYX

Management team

Chief Investment Officer, Global Asset Allocation
Co-Head of Global Asset Allocation
Co-Head of Global Asset Allocation
Portfolio Manager


Manager commentary | Q2 2019

Growth expectations ease

Jason Vaillancourt, Co-Head of Global Asset Allocation, discusses trends in growth and earnings expectations.


Literature


Actively targeting inflation risk for retirement savers
We explain why a dynamic approach to hedging inflation risk in a target-date fund may be a better way to protect a retirement nest egg.
Market volatility returns to "old" normal
Our outlook for stock market volatility sees the levels reached in 2018 continuing, in part because these levels were close to the long-term norm.
Calibrate equity allocations with higher savings rates
Evidence of higher savings rates by plan participants make it reasonable to consider lower equity allocations across the glide path of target-date funds.

Performance

  • Total return (%) as of 06/30/19

  • Annual performance as of 06/30/19

Annualized Total return (%) as of 06/30/19

Annualized performance 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge 3.31% 10.13% 6.65% 11.34%
After sales charge N/A N/A N/A N/A
Russell 3000 Index 8.98%14.02%10.19%14.67%
Putnam Growth Blended Benchmark 7.46%11.17%7.40%11.35%

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. 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 Multi-Asset Absolute Return Fund, 4.00% and 3.25% for income funds and 2.25% and 0.75% for Putnam Floating Rate Income Fund, Short-Term Municipal Income, Short Duration Bond Fund, and Fixed Income Absolute Return 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, which is 3% in the first year, declining to 1% in the fourth 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, N, R, 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). Returns at public offering price (after sales charge) for class N shares reflect the current maximum initial sales charge of 1.50%. 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 and M shares of Putnam money market funds have no initial sales charge. For a portion of the periods, some funds had expense 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 07/31/19 0.50% -
YTD as of 08/16/19 11.34% -

Risk-adjusted performance as of 07/31/19

Sharpe ratio (3 yrs.) 0.73

Volatility as of 07/31/19

Standard deviation (3 yrs.) 10.27%

Lipper rankings as of 07/31/19

Time period Rank/Funds in category Percentile ranking
1 yr. 397/470 85%
3 yrs. 88/439 20%
5 yrs. 68/392 18%
10 yrs. 15/295 6%
Lipper category: Mixed-Asset Target Alloc Growth Funds

Morningstar Ratings as of 07/31/19

Time period Funds in category Morningstar Rating
Overall 307
3 yrs. 307
5 yrs. 274
10 yrs. 195
Morningstar category: Allocation--70% to 85% Equity

Distributions

Record/Ex dividend date 12/18/18
Payable date 12/20/18
Income $0.225
Extra income --
Short-term cap. gain $0.262
Long-term cap. gain $1.01

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 07/31/19

Alphabet 1.96%
JPMorgan Chase 1.44%
Amazon 1.35%
Cisco Systems 1.16%
Apple 1.15%
Chevron 1.13%
Microsoft 1.11%
Starbucks 1.04%
Verizon Communications 1.03%
Citigroup 1.01%
Top 10 holdings, percent of portfolio 12.38%

Full portfolio holdings as of 06/30/19

CGPUTQL2 R US0003M P 11/26/19 CI 5.12%
E-MINI RUSS 2000 SEP19 RTYU9 4.88%
S&P500 EMINI FUT SEP19 ESU9 4.81%
S&P MID 400 EMINI SEP19 FAU9 2.19%
ALPHABET INC-CL A 1.76%
JPMORGAN CHASE & CO 1.39%
AMAZON.COM INC 1.37%
CISCO SYSTEMS INC 1.16%
CHEVRON CORP 1.14%
MICROSOFT CORP 1.08%
APPLE INC 1.08%
VERIZON COMMUNICATIONS INC 1.07%
BOEING CO/THE 1.01%
CITIGROUP INC 1.00%
ORACLE CORP 0.98%
STARBUCKS CORP 0.97%
INTL BUSINESS MACHINES CORP 0.90%
US ULTRA BOND CBT SEP19 WNU9 0.86%
ADOBE INC 0.84%
COCA-COLA CO/THE 0.81%
GNMA GII30 MA4652 03.5000 08/20/2047 0.79%
JOHNSON & JOHNSON 0.67%
COMCAST CORP-CLASS A 0.67%
FNMA FN30 TBA UMBS 04.0000 08/01/2049 0.65%
FHLMC FH30G G08795 03.0000 01/01/2048 0.65%
MEDTRONIC PLC 0.64%
MERCK & CO. INC. 0.62%
ABBOTT LABORATORIES 0.62%
US 2YR NOTE (CBT) SEP19 TUU9 0.60%
PEPSICO INC 0.59%
AMGEN INC 0.55%
HONEYWELL INTERNATIONAL INC 0.55%
INTUIT INC 0.54%
LOCKHEED MARTIN CORP 0.54%
CONOCOPHILLIPS 0.52%
HOME DEPOT INC 0.50%
NXP SEMICONDUCTORS NV 0.48%
MONDELEZ INTERNATIONAL INC-A 0.46%
AUTOMATIC DATA PROCESSING 0.46%
REGENCY MARKETS NO. 1 LLC 7588R1UA1 DCP 07/10/2019 0.45%
BARCLAYS BANK PLC CCP 06742QWG3 DCP 08/21/2019 0.45%
SIMON PROPERTY GROUP LP 82880XVK3 DCP 08/19/2019 0.45%
METLIFE INC 0.44%
NRW BANK 62939MUA3 DCP 07/10/2019 0.44%
ATLANTIC ASSET SECURITIZATION 04821UVT6 DCP 08/27/2019 0.43%
TOTAL CAPITAL CANADA LTD 89153QUP3 DCP 07/23/2019 0.43%
CHARIOT FUNDING LLC 15963UWD4 DCP 09/13/2019 0.43%
MANHATTAN ASSET FUNDING CO LL 56274MWA6 DCP 09/10/2019 0.43%
FNMA FN30 TBA UMBS 04.0000 07/01/2049 0.43%
XILINX INC 0.43%
FED HOME LN DISCOUNT NT 313384KZ1 GDC 08/28/2019 0.42%
WALMART INC 0.42%
DELTA AIR LINES INC 0.39%
US 5YR NOTE (CBT) SEP19 FVU9 0.39%
PROCTER & GAMBLE CO/THE 0.39%
US LONG BOND(CBT) SEP19 USU9 0.38%
EBAY INC 0.36%
MORGAN STANLEY 0.35%
ROCHE HOLDING AG-GENUSSCHEIN 0.35%
EXELON CORP 0.35%
INTERNATIONAL BUSINESS MACHIN 45920GUG9 DCP 07/16/2019 0.35%
SKANDINAVISKA ENSKILDA BANKEN 83050UUF3 DCP 07/15/2019 0.35%
OLD LINE FUNDING LLC 67983UV59 DCP 08/05/2019 0.34%
VALERO ENERGY CORP 0.34%
WASTE MANAGEMENT INC 0.34%
LOWES COMPANIES INC 0.34%
BOOKING HOLDINGS INC 0.33%
SYSCO CORP 0.32%
FNMA FN15 AL9468 UMBS 03.0000 12/01/2031 0.31%
LYONDELLBASELL INDU-CL A 0.31%
PHILLIPS 66 0.31%
PFIZER INC 0.30%
NIKE INC -CL B 0.30%
DANAHER CORP 0.30%
CUMMINS INC 0.30%
INGERSOLL-RAND PLC 0.30%
BEST BUY CO INC 0.29%
NORFOLK SOUTHERN CORP 0.29%
ALIBABA GROUP HOLDING-SP ADR 0.28%
PAYPAL HOLDINGS INC 0.28%
PRUDENTIAL FINANCIAL INC 0.28%
TREASURY BILL 00.0000 08/08/2019 0.27%
BIOGEN INC 0.27%
ABBVIE INC 0.27%
SAMSUNG ELECTRONICS CO LTD 0.27%
TORONTO-DOMINION BANK/THE 89119BV60 DCP 08/06/2019 0.27%
CAPITAL ONE FINANCIAL CORP 0.26%
BROADCOM INC 0.26%
MCKESSON CORP 0.26%
TENCENT HOLDINGS LTD 0.26%
CROWN CASTLE INTL CORP 0.26%
TOTAL SA 0.26%
HILTON WORLDWIDE HOLDINGS IN 0.24%
SYNCHRONY FINANCIAL 0.24%
OMNICOM GROUP 0.24%
AGILENT TECHNOLOGIES INC 0.24%
FORTINET INC 0.24%
ALLIANZ SE-REG 0.23%
PUBLIC SERVICE ENTERPRISE GP 0.23%
AFLAC INC 0.23%
NOVO NORDISK A/S-B 0.22%
AMERIPRISE FINANCIAL INC 0.22%
ELI LILLY & CO 0.22%
HERSHEY CO/THE 0.22%
FNMA FN15 TBA UMBS 03.0000 07/01/2034 0.21%
CITIZENS FINANCIAL GROUP 0.21%
NESTLE SA-REG 0.21%
GILEAD SCIENCES INC 0.21%
DISCOVER FINANCIAL SERVICES 0.21%
DARDEN RESTAURANTS INC 0.21%
TREASURY BILL 00.0000 08/01/2019 0.20%
UNILEVER PLC 0.20%
CADENCE DESIGN SYS INC 0.20%
RIO TINTO PLC 0.20%
ENEL SPA 0.19%
ZEBRA TECHNOLOGIES CORP-CL A 0.19%
ALLERGAN PLC 0.19%
FNMA FN30 TBA UMBS 06.0000 08/01/2049 0.19%
GOLDMAN SACHS GROUP INC 0.19%
E*TRADE FINANCIAL CORPORATION 0.18%
NOVARTIS AG-REG 0.18%
COMERICA INC 0.18%
EMERSON ELECTRIC CO 0.18%
GLAXOSMITHKLINE PLC 0.18%
HITACHI LTD 0.18%
TREASURY BILL 00.0000 07/16/2019 0.18%
SUMITOMO MITSUI FINANCIAL GR 0.17%
HARTFORD FINANCIAL SVCS GRP 0.17%
KONINKLIJKE AHOLD DELHAIZE N 0.17%
KERING 0.17%
SHIN-ETSU CHEMICAL CO LTD 0.17%
ZIMMER BIOMET HOLDINGS INC 0.17%
ROCKWELL AUTOMATION INC 0.17%
TAIWAN SEMICONDUCTOR MANUFAC 0.17%
ALLSTATE CORP 0.16%
FNMA FN30 AL9859 UMBS 03.0000 03/01/2047 0.16%
HOYA CORP 0.16%
F5 NETWORKS INC 0.16%
SANDVIK AB 0.16%
BANCO BILBAO VIZCAYA ARGENTA 0.16%
L OREAL 0.16%
CF INDUSTRIES HOLDINGS INC 0.16%
GNMA GII30 MA4837 03.5000 11/20/2047 0.16%
PING AN INSURANCE GROUP CO-H 0.16%
FNMA FN30 MA2737 UMBS 03.0000 09/01/2046 0.16%
CARDINAL HEALTH INC 0.16%
CENTERPOINT ENERGY INC 0.16%
ASHTEAD GROUP PLC 0.15%
ENI SPA 0.15%
UNILEVER NV-CVA 0.15%
PARTNERS GROUP HOLDING AG 0.15%
GNMA GII30 MA4586 03.5000 07/20/2047 0.15%
TELSTRA CORP LTD 0.15%
HERMES INTERNATIONAL 0.15%
ITOCHU CORP 0.15%
ASTELLAS PHARMA INC 0.15%
DEUTSCHE TELEKOM AG-REG 0.15%
CK ASSET HOLDINGS LTD 0.15%
MACQUARIE GROUP LTD 0.15%
SONY CORP 0.15%
TESCO PLC 0.15%
VISTRA ENERGY CORP 0.14%
AVIVA PLC 0.14%
GNMA GII30 TBA 03.5000 07/01/2049 0.14%
LINCOLN NATIONAL CORP 0.14%
ROYAL DUTCH SHELL PLC-B SHS 0.14%
CENTRAL JAPAN RAILWAY CO 0.14%
PEUGEOT SA 0.14%
KEYSIGHT TECHNOLOGIES IN 0.14%
LEGAL & GENERAL GROUP PLC 0.14%
COVESTRO AG 0.14%
WOLTERS KLUWER 0.14%
COCA-COLA EUROPEAN PARTNERS 0.14%
JAPAN AIRLINES CO LTD 0.14%
TREASURY BILL 00.0000 07/25/2019 0.14%
DISCOVERY INC - A 0.14%
KLA-TENCOR CORP 0.14%
ORIX CORP 0.14%
AES CORP 0.13%
E.ON SE 0.13%
ANGLO AMER PLC 0.13%
ANNALY CAPITAL MANAGEMENT IN 0.13%
MOLSON COORS BREWING CO -B 0.13%
AMETEK INC 0.13%
SERVICENOW INC 0.13%
SKANDINAVISKA ENSKILDA USD 02.3000 03/11/2020 0.13%
AENA SME SA 0.13%
HDFC BANK LIMITED 0.13%
NRG ENERGY INC 0.13%
AVALONBAY COMMUNITIES INC 0.12%
SHIONOGI & CO LTD 0.12%
LAS VEGAS SANDS CORP 0.12%
IMPERIAL BRANDS PLC 0.12%
PINNACLE WEST CAPITAL 0.12%
DELL TECHNOLOGIES -C 0.12%
HANG SENG BANK LTD 0.12%
PACKAGING CORP OF AMERICA 0.12%
NASPERS LTD-N SHS 0.12%
AIA GROUP LTD 0.12%
EQUINOR ASA 0.12%
AGNC INVESTMENT CORP 0.12%
FAURECIA 0.12%
LUKOIL PJSC-SPON ADR 0.12%
CDW CORP/DE 0.12%
FUJIFILM HOLDINGS CORP 0.12%
LLOYDS BANKING GROUP PLC 0.12%
WH GROUP LTD 0.12%
ABN AMRO BANK NV-CVA 0.12%
ENDESA S.A. 0.11%
PERSIMMON PLC 0.11%
ZOETIS INC 0.11%
EVERGY INC 0.11%
XEROX CORP 0.11%
NTT DATA CORP 0.11%
ACS ACTIVIDADES 0.11%
REPUBLIC SERVICES INC 0.11%
WALGREENS BOOTS ALLIANCE INC 0.11%
CBRE GROUP INC - A 0.10%
DOVER CORP 0.10%
FNMA FN30 BM5024 UMBS 03.0000 11/01/2048 0.10%
NINTENDO CO LTD 0.10%
HOUSING DEVELOPMENT FINANCE 0.10%
THALES SA 0.10%
THERMO FISHER SCIENTIFIC INC 0.10%
YANGZIJIANG SHIPBUILDING 0.10%
BANK LEUMI LE-ISRAEL 0.10%
HEIDELBERGCEMENT AG 0.10%
PETROLEO BRASILEIRO-SPON ADR 0.10%
BERRY GLOBAL GROUP INC 0.10%
LEAR CORP 0.10%
MARATHON PETROLEUM CORP 0.10%
BRISTOL-MYERS SQUIBB CO 0.10%
JUNIPER NETWORKS INC 0.10%
EXXON MOBIL CORP 0.10%
HUNTSMAN CORP 0.10%
ASPEN TECHNOLOGY INC 0.10%
SIEMENS FINANCIERING P/P 144A 02.2000 03/16/2020 0.10%
BRIDGESTONE CORP 0.10%
TRIPADVISOR INC 0.10%
UCB SA 0.10%
HD SUPPLY HOLDINGS INC 0.10%
VICI PROPERTIES INC 0.09%
UPM-KYMMENE OYJ 0.09%
WELLS FARGO & CO 0.09%
BLUESCOPE STEEL LTD 0.09%
FACEBOOK INC-CLASS A 0.09%
MEDIATEK INC 0.09%
MASIMO CORP 0.09%
BALOISE HOLDING AG - REG 0.09%
BT GROUP PLC 0.09%
CARLSBERG AS-B 0.09%
STACR 2016-DNA2 M3 07.0544 10/25/2028 0.09%
STEEL DYNAMICS INC 0.09%
WESTPAC BANKING CORP USD 02.1500 03/06/2020 0.09%
3I GROUP PLC 0.09%
UNUM GROUP 0.09%
NTT DOCOMO INC 0.09%
NEW RESIDENTIAL INVESTMENT 0.08%
BALL CORP 0.08%
BF0101 03.5000 06/01/2056 0.08%
DUKE REALTY CORP 0.08%
TAISEI CORP 0.08%
ATHENE HOLDING LTD-CLASS A 0.08%
AXALTA COATING SYSTEMS LTD 0.08%
PROLOGIS INC 0.08%
VERIZON COMM 04.3290 09/21/2028 0.08%
ASSOCIATED BRITISH FOODS PLC 0.08%
CAPGEMINI SE 0.08%
MITSUBISHI CORP 0.08%
ALLISON TRANSMISSION HOLDING 0.08%
INFOSYS LTD 0.08%
SUNNY FRIEND ENVIRONMENTAL T 0.08%
CHINA WATER AFFAIRS GROUP 0.08%
FORTESCUE METALS GROUP LTD 0.08%
ABU DHABI COMMERCIAL BANK 0.08%
BRIXMOR PROPERTY GROUP INC 0.08%
CNOOC LTD 0.08%
DEVON ENERGY CORP 0.08%
HOLOGIC INC 0.08%
INTERPUBLIC GROUP OF COS INC 0.08%
SOFTBANK GROUP CORP 0.08%
STORE CAPITAL CORP 0.08%
MEDICAL PROPERTIES TRUST INC 0.07%
PETROBRAS GLOBAL FINANCE USD 06.2500 03/17/2024 0.07%
SPST 2018-3 A 03.1296 07/24/2019 0.07%
SPST 2018-8 A 03.1296 02/24/2020 0.07%
BP PLC 0.07%
NIELSEN HOLDINGS PLC 0.07%
FAIR ISAAC CORP 0.07%
WALT DISNEY COMPANY P/P 144A 07.7500 12/01/2045 0.07%
COMMERCIAL INTL BANK-GDR REG 0.07%
GENTING SINGAPORE LTD 0.07%
US FOODS HOLDING CORP 0.07%
FNMA FN30 BJ9256 UMBS 04.0000 06/01/2048 0.07%
HONG KONG EXCHANGES & CLEAR 0.07%
SPST 2018-5 A 03.1296 09/24/2019 0.07%
ING GROEP NV-CVA 0.07%
SL GREEN REALTY CORP 0.07%
UNITED TECHNOLOGIES CORP 01.9000 05/04/2020 0.07%
AMADEUS IT GROUP SA 0.07%
ARKEMA 0.07%
AVERY DENNISON CORP 0.07%
CREDICORP LTD 0.07%
GOLDMAN SACHS GROUP INC 02.6000 12/27/2020 0.07%
HOCHTIEF AG 0.07%
COMPANHIA DE LOCACAO DAS AME 0.06%
JUBILANT FOODWORKS LTD 0.06%
ORACLE CORPORATION 02.2500 10/08/2019 0.06%
CAMDEN PROPERTY TRUST 0.06%
FIAT CHRYSLER AUTOMOBILES NV 0.06%
HILL-ROM HOLDINGS INC 0.06%
LG HOUSEHOLD & HEALTH CARE 0.06%
OMV AG 0.06%
CK HUTCHISON HOLDINGS LTD 0.06%
IHS MARKIT LTD P/P 144A 04.7500 02/15/2025 0.06%
KBC GROUP NV 0.06%
CARNIVAL PLC 0.06%
DEUTSCHE LUFTHANSA-REG 0.06%
DIAMOND 1 FIN/DIAM P/P 144A 06.0200 06/15/2026 0.06%
NIPPON TELEGRAPH & TELEPHONE 0.06%
POST HOLDINGS INC 0.06%
SUN HUNG KAI PROPERTIES 0.06%
CHINA CONSTRUCTION BANK-H 0.06%
GAMING AND LEISURE PROPERTIE 0.06%
NETEASE INC-ADR 0.06%
REINSURANCE GROUP OF AMERICA 0.06%
SCENTRE GROUP 0.06%
AT&T INC 0.06%
BLACK KNIGHT INC 0.06%
HENDERSON LAND DEVELOPMENT 0.06%
MOL HUNGARIAN OIL AND GAS PL 0.06%
BUPA ARABIA 144A/REGS WARRANT 12/16/2021 0.06%
FNMA FN30 BM1172 UMBS 03.0000 03/01/2047 0.06%
GEOPARK LTD 0.06%
CAS 2015-C04 2M2 07.9544 04/25/2028 0.06%
CHEMED CORP 0.06%
CHINA OVERSEAS LAND & INVEST 0.06%
CLP HOLDINGS LTD 0.06%
HEALTHCARE TRUST OF AME-CL A 0.06%
JONES LANG LASALLE INC 0.06%
MICROSOFT CORP 01.5500 08/08/2021 0.06%
NATIONAL BANK OF KUWAIT 144A/REGS WARRANT 01/16/2020 0.06%
ACCENTURE PLC-CL A 0.06%
ARGENTINE REPUBLIC USD 07.5000 04/22/2026 0.06%
CAS 2016-C02 1M2 08.4044 09/25/2028 0.06%
COMMONWEALTH BK AUST P/P 144A 02.2000 11/09/2020 0.06%
IVANHOE MINES LTD-CL A 0.06%
SANTOS LTD 0.06%
ILLUMINA INC 0.06%
JPMORGAN CHASE & CO 03.9640 11/15/2048 0.06%
ABSA GROUP LTD 0.05%
DBUBS 2011-LC3A D P/P 144A 05.5115 08/10/2044 0.05%
OTSUKA CORP 0.05%
WALMART DE MEXICO SAB DE CV 0.05%
WILCON DEPOT INC 0.05%
CELANESE CORP 0.05%
CME GROUP INC 0.05%
ELANCO ANIMAL HEALTH 04.9000 08/28/2028 0.05%
EQUINIX INC 0.05%
FNMA FN30 BC1155 UMBS 03.0000 06/01/2046 0.05%
CITIGROUP INC 03.6680 07/24/2028 0.05%
COSTAR GROUP INC 0.05%
INTERPUBLIC GROUP COS 04.6500 10/01/2028 0.05%
KAJIMA CORP 0.05%
SUZUKEN CO LTD 0.05%
DAIWA HOUSE INDUSTRY CO LTD 0.05%
LOGAN PROPERTY HOLDINGS CO L 0.05%
WELLS FARGO & COMPANY 02.6000 07/22/2020 0.05%
BANDAI NAMCO HOLDINGS INC 0.05%
CTRIP.COM INTERNATIONAL-ADR 0.05%
FU SHOU YUAN INTERNATIONAL 0.05%
GARMIN LTD 0.05%
LIBERTY PROPERTY TRUST 0.05%
MORGAN STANLEY 03.6250 01/20/2027 0.05%
TELEDYNE TECHNOLOGIES INC 0.05%
X 5 RETAIL GROUP NV-REGS GDR 0.05%
ALLIANCE GLOBAL GROUP INC 0.05%
CAS 2016-C01 1M2 09.1544 08/25/2028 0.05%
ENERGY TRANSFER OPERA 05.8750 01/15/2024 0.05%
INTER RAO UES PJSC 0.05%
SINO-AMERICAN SILICON PRODUC 0.05%
CHARLES RIVER LABORATORIES 0.05%
CIT GROUP INC. 05.2500 03/07/2025 0.05%
HILTON WORLDWIDE FIN LLC 04.8750 04/01/2027 0.05%
JPMORGAN CHASE & CO 03.6250 12/01/2027 0.05%
PROOFPOINT INC 0.05%
CHINA RAILWAY GROUP LTD-H 0.05%
ENCOMPASS HEALTH CORP 0.05%
FNMA FN30 AS7003 UMBS 03.0000 04/01/2046 0.05%
GOLDMAN SACHS GROUP INC 03.8500 01/26/2027 0.05%
GUANGZHOU BAIYUN AIRPORT 144A/REGS WARRANT 04/10/2020 0.05%
AMERICAN TOWER CORP 03.1250 01/15/2027 0.05%
AT&T INC 03.8000 02/15/2027 0.05%
BANK OF AMERICA CORP 06.1100 01/29/2037 0.05%
CTCI CORP 0.05%
NESTLE INDIA LTD 0.05%
UNITED MEXICAN STATES USD 05.5500 01/21/2045 0.05%
DINO POLSKA SA 0.04%
ELECTRONIC ARTS INC 0.04%
GRUPO BIMBO SAB- SERIES A 0.04%
HEICO CORP 0.04%
SIRIUS XM RADIO INC P/P 144A 05.0000 08/01/2027 0.04%
SOUTH32 LTD 0.04%
SPST 2019-3 A 03.1296 06/24/2020 0.04%
TREASURY BILL 00.0000 07/18/2019 0.04%
AMERICAN FINANCIAL GROUP INC 0.04%
CROWN RESORTS LTD 0.04%
EXTENDED STAY AMERICA INC 0.04%
GRUPO FINANCIERO GALICIA-ADR 0.04%
HCA HEALTHCARE INC 0.04%
MWST 2019-1 A 03.2044 06/25/2052 0.04%
POPULAR INC 0.04%
ATACADAO SA 0.04%
ENERGY TRANSFER OPERATNG 06.6250 02/15/2028 0.04%
FUKUOKA FINANCIAL GROUP INC 0.04%
JERONIMO MARTINS 0.04%
NEXT PLC 0.04%
POYA INTERNATIONAL CO LTD 0.04%
SBERBANK PJSC -SPONSORED ADR 0.04%
SHENZHOU INTERNATIONAL GROUP 0.04%
SUMITOMO MITSUI TRUST HOLDIN 0.04%
TAYLOR WIMPEY PLC 0.04%
TELEPHONE AND DATA SYSTEMS 0.04%
UPL LTD 0.04%
ANGLO AMERICAN PLC 0.04%
AYALA LAND INC 0.04%
EDELWEISS FINANCIAL SERVICES 0.04%
FNMA FN30 BC2733 UMBS 03.0000 05/01/2046 0.04%
GRAPE KING BIO LTD 0.04%
ITAU UNIBANCO H-SPON PRF ADR 0.04%
KEURIG DR PEPPER INC 04.5970 05/25/2028 0.04%
NBCUNIVERSAL MEDIA LLC 04.3750 04/01/2021 0.04%
SAFARICOM PLC 0.04%
STACR 2015-DNA3 M2 05.2544 04/25/2028 0.04%
ALFRESA HOLDINGS CORP 0.04%
CITIZENS BANK NA/RI 02.2500 03/02/2020 0.04%
DEUTSCHE BOERSE AG 0.04%
JARIR MARKETING CO 144A/REGS WARRANT 02/04/2020 0.04%
NATIONAL AUSTRALIA BK/NY 02.1250 05/22/2020 0.04%
TCI CO LTD 0.04%
CVS HEALTH CORP 04.7800 03/25/2038 0.04%
DNB NOR ASA 0.04%
FNMA FN30 AS8056 UMBS 03.0000 10/01/2046 0.04%
SAUDI CO FOR HARDWARE 144A/REGS WARRANT 01/20/2022 0.04%
SWISSCOM AG-REG 0.04%
TENCENT HOLDINGS LTD-UNS ADR 0.04%
AT&T INC 04.1000 02/15/2028 0.04%
BOC HONG KONG HOLDINGS LTD 0.04%
CHARTER COMM OPT LLC 06.4840 10/23/2045 0.04%
KEI INDUSTRIES LTD 0.04%
AIR LEASE CORP 04.6250 10/01/2028 0.04%
BANK OF AMERICA CORP 03.2480 10/21/2027 0.04%
BERKELEY GROUP HOLDINGS/THE 0.04%
CHAILEASE HOLDING CO LTD 0.04%
CLEAN TEQ HOLDINGS LTD 0.04%
FUJITSU LTD 0.04%
GENPACT LTD 0.04%
MEDIPAL HOLDINGS CORP 0.04%
ROYAL BANK OF CANADA USD 02.1250 03/02/2020 0.04%
WINTRUST FINANCIAL CORP 0.04%
YANDEX NV-A 0.04%
COBALT 27 CAPITAL CORP 0.04%
CWALT 2006-OA10 4A1 02.5944 08/25/2046 0.04%
FEDERATIVE REP OF BRAZIL USD 06.0000 04/07/2026 0.04%
FNMA FN40 BF0171 UMBS 04.0000 01/01/2057 0.04%
JARDINE CYCLE & CARRIAGE LTD 0.04%
KAR AUCTION SERVICES INC 0.04%
MONETA MONEY BANK AS 0.04%
NEWS CORP - CLASS A 0.04%
STANDARD IND INC P/P 144A 05.0000 02/15/2027 0.04%
SVENSKA HANDELSBANKEN AB USD 01.9500 09/08/2020 0.04%
UBS GROUP FUNDIN P/P 144A 02.6500 02/01/2022 0.04%
BPCE SA P/P 144A 04.5000 03/15/2025 0.04%
CAS 2015-C04 1M2 08.1044 04/25/2028 0.04%
DEUTSCHE WOHNEN SE 0.04%
FIRSTENERGY TRANSMIS P/P 144A 05.4500 07/15/2044 0.04%
LNSTR 2015-3 B P/P 144A 03.2727 04/20/2048 0.04%
OUTFRONT MEDIA INC 0.04%
BANQUE FED CRED MUTU P/P 144A 02.2000 07/20/2020 0.04%
CHENIERE CORP CHRIST 05.1250 06/30/2027 0.04%
FAIRFAX FINL HLDGS USD 04.8500 04/17/2028 0.04%
REPUBLIC OF INDONESIA REGS 04.7500 01/08/2026 0.04%
SONOCO PRODUCTS CO 0.04%
TELEFONICA EMISIONES SAU USD 04.8950 03/06/2048 0.04%
TEXAS INSTRUMENTS INC 0.04%
WALT DISNEY CO/THE 0.04%
COMMONWEALTH BK AUST P/P 144A 02.2500 03/10/2020 0.03%
DEUTSCHE POST AG-REG 0.03%
DOUGLAS EMMETT INC 0.03%
HUDSON PACIFIC PROPERTIES IN 0.03%
IRB BRASIL RESSEGUROS SA 0.03%
LIBERTY MEDIA COR-SIRIUSXM A 0.03%
LOMA NEGRA CIA IND-SPON ADR 0.03%
MACQUARIE GROUP LTD P/P 144A 07.6250 08/13/2019 0.03%
NVENT ELECTRIC PLC 0.03%
TPAT 2018-SL1 A P/P 144A 03.0044 01/25/2046 0.03%
CF INDUSTRIES INC P/P 144A 04.5000 12/01/2026 0.03%
ESSITY AKTIEBOLAG-B 0.03%
LEIDOS HOLDINGS INC 0.03%
MANUF & TRADERS TRUST CO 02.0500 08/17/2020 0.03%
MICROSOFT CORP 02.4000 08/08/2026 0.03%
PINDUODUO INC-ADR 0.03%
SERVICEMASTER GLOBAL HOLDING 0.03%
SG HOLDINGS CO LTD 0.03%
TJX COMPANIES INC 0.03%
WESFARMERS LTD 0.03%
AMERICAN ELECTRIC POWER 0.03%
COLRUYT SA 0.03%
GOLDMAN SACHS GROUP INC 02.5500 10/23/2019 0.03%
GOLDMAN SACHS GROUP INC 04.2230 05/01/2029 0.03%
PULTEGROUP INC 0.03%
UGI CORP 0.03%
UNITED MEXICAN STATES USD 04.1500 03/28/2027 0.03%
WESTERN DIGITAL CORP 04.7500 02/15/2026 0.03%
WIJAYA KARYA PERSERO TBK PT 0.03%
APPLE HOSPITALITY REIT INC 0.03%
AUST & NZ BANKING GROUP USD 02.1250 08/19/2020 0.03%
BCE INC 0.03%
BROOKFIELD PROPERTY REIT I-A 0.03%
CAS 2016-C03 2M2 08.3044 10/25/2028 0.03%
CHS/COMMUNITY HEALTH SYS 06.2500 03/31/2023 0.03%
CWALT 2006-OA7 1A2 03.4437 06/25/2046 0.03%
DASSAULT AVIATION SA 0.03%
EQUINIX INC 05.3750 05/15/2027 0.03%
JAZZ PHARMACEUTICALS PLC 0.03%
JPMCC 2012-C6 E P/P 144A 05.3202 05/15/2045 0.03%
MBX.GII30.450.10 R USL1M P 01/12/41 CS 0.03%
SARTORIUS STEDIM BIOTECH 0.03%
SWISS LIFE HOLDING AG-REG 0.03%
TWO HARBORS INVESTMENT CORP 0.03%
BAXTER INTERNATIONAL INC 0.03%
FHLMC FH30G G08747 03.0000 02/01/2047 0.03%
LEAR CORP 03.8000 09/15/2027 0.03%
MICROCHIP TECH INC 04.3330 06/01/2023 0.03%
MORGAN STANLEY 02.6500 01/27/2020 0.03%
MOTA ENGIL SGPS SA 0.03%
NRG ENERGY INC P/P 144A 04.4500 06/15/2029 0.03%
REPUBLIC OF COLOMBIA USD 03.8750 04/25/2027 0.03%
WEINGARTEN REALTY INVESTORS 0.03%
ABBVIE INC 02.5000 05/14/2020 0.03%
CDX CDX.NA.IG.32 100.0 06/20/2024 0.03%
CITIGROUP INC 02.6500 10/26/2020 0.03%
CREDIT SUISSE GRP AG P/P 144A 03.8690 01/12/2029 0.03%
MACQUARIE INFRASTRUCTURE COR 0.03%
UNITED INTL TRANSPORTATION 144A/REGS WARRANT 12/09/2021 0.03%
US 10YR ULTRA FUT SEP19 UXYU9 0.03%
W.R. GRACE & CO 0.03%
BRISTOL-MYERS P/P 144A 02.9000 07/26/2024 0.03%
COMM 2010-C1 D P/P 144A 06.2870 07/10/2046 0.03%
GENERAL MOTORS FINL CO 04.0000 10/06/2026 0.03%
HSBC HOLDINGS PLC 0.03%
NASPERS LTD-N SHS SPON ADR 0.03%
NUANCE COMMUNICATIONS INC 0.03%
TREASURY BILL 00.0000 08/15/2019 0.03%
UNITEDHEALTH GROUP INC 03.8500 06/15/2028 0.03%
WFRBS 2011-C2 D P/P 144A 05.8388 02/15/2044 0.03%
ANZ NEW ZEALAND INT P/P 144A 02.8750 01/25/2022 0.03%
BRDCOM CRP / FIN 03.8750 01/15/2027 0.03%
COGNIZANT TECH SOLUTIONS-A 0.03%
DIGITAL REALTY TRUST LP 04.4500 07/15/2028 0.03%
FNMA FN30 AS7154 UMBS 03.0000 05/01/2046 0.03%
PROVINCIA DE BUENOS P/P 144A 09.1250 03/16/2024 0.03%
RAYTHEON COMPANY 0.03%
UNITEDHEALTH GROUP INC 03.1500 06/15/2021 0.03%
WESCO INTERNATIONAL INC 0.03%
WFRBS 2014-C22 XA IO 00.9737 09/15/2057 0.03%
AMAZON.COM INC 03.1500 08/22/2027 0.03%
AMERICAN EXPRESS CO 0.03%
APPLE INC 04.2500 02/09/2047 0.03%
ASHTEAD CAPITAL INC P/P 144A 04.3750 08/15/2027 0.03%
CCO HOLDINGS LLC P/P 144A 05.3750 06/01/2029 0.03%
CSAIL 2015-C1 D P/P 144A 03.9364 04/15/2050 0.03%
CURTISS-WRIGHT CORP 0.03%
ECOLAB INC 02.7000 11/01/2026 0.03%
FIDELITY NATL INFO SERV 03.7500 05/21/2029 0.03%
GSMS 2011-GC3 D P/P 144A 05.8247 03/10/2044 0.03%
PETROLEOS MEXICANOS USD 05.5000 01/21/2021 0.03%
REP OF INDONESIA P/P 144A 04.3500 01/08/2027 0.03%
TORONTO-DOMINION BANK 0.03%
WFRBS 2011-C3 D P/P 144A 05.8555 03/15/2044 0.03%
AFREECATV CO LTD 0.02%
BMW US CAPITAL LLC P/P 144A 02.0000 04/11/2021 0.02%
DANSKE BANK A/S P/P 144A 02.7000 03/02/2022 0.02%
ENTERPRISE PRODUCTS OPER 04.2500 02/15/2048 0.02%
GNMA GII30 635063 04.0000 03/20/2046 0.02%
HUMANA INC 0.02%
I-SENS INC 0.02%
JPMORGAN CHASE & CO 05.3000 12/29/2049 0.02%
MSBAM 2014-C17 C 04.6549 08/15/2047 0.02%
NATIONAL AUSTRALIA B P/P 144A 03.1406 12/09/2019 0.02%
NATIONAL AUSTRALIA BK/NY 02.5000 01/12/2021 0.02%
NOVARTIS CAPITAL CORP 04.0000 11/20/2045 0.02%
SALESFORCE.COM INC 03.7000 04/11/2028 0.02%
CAS 2016-C01 2M2 09.3544 08/25/2028 0.02%
CEQUEL COM & CAP P/P 144A 07.5000 04/01/2028 0.02%
CIGNA CORP P/P 144A 03.7500 07/15/2023 0.02%
DISH DBS CORP 05.8750 11/15/2024 0.02%
GSMS 2014-GC22 C 04.8475 06/10/2047 0.02%
JOHNSON CONTROLS INTL PL 04.5000 02/15/2047 0.02%
LAMB WESTON HOLDINGS P/P 144A 04.8750 11/01/2026 0.02%
MSBAM 2012-C6 AS 03.4760 11/15/2045 0.02%
NBCUNIVERSAL MEDIA LLC 05.1500 04/30/2020 0.02%
NEC CORP 0.02%
THE BANK OF NOVA SCOTIA USD 02.7000 03/07/2022 0.02%
BANK TABUNGAN PENSIUNAN NASI 0.02%
BOLIDEN AB 0.02%
BROADCOM CRP / CAYM 03.5000 01/15/2028 0.02%
EMIR 2018-1 M1 04.1044 11/25/2028 0.02%
FNMA FN30 AS8074 UMBS 03.0000 10/01/2046 0.02%
JPMBB 2014-C22 C 04.7093 09/15/2047 0.02%
MBX.FN30.500.10 R USL1M P 01/12/41 BC 0.02%
NEWCREST MINING LTD 0.02%
SAMI 2007-AR7 1A1 03.2544 05/25/2047 0.02%
SMITH & NEPHEW PLC 0.02%
TAPESTRY INC 0.02%
US BANCORP 02.6250 01/24/2022 0.02%
WAMU 2005-AR12 1A8 03.9935 10/25/2035 0.02%
AXA SA 0.02%
DOLLAR TREE INC 0.02%
DTE ENERGY COMPANY 0.02%
FIDELITY NATIONAL INFO SERV 0.02%
GCP APPLIED TECH P/P 144A 05.5000 04/15/2026 0.02%
HILONG HOLDING LTD 0.02%
HUNTINGTON NATIONAL BANK 02.3750 03/10/2020 0.02%
KINDER MORGAN INC 03.1500 01/15/2023 0.02%
RUSSIAN FEDERATION P/P 144A 04.3750 03/21/2029 0.02%
SPRINT CORP 07.2500 09/15/2021 0.02%
TRANSCANADA TRUST USD 05.3000 03/15/2077 0.02%
UBS AG LONDON P/P 144A 02.2000 06/08/2020 0.02%
ALLY FINANCIAL INC 05.7500 11/20/2025 0.02%
AUTOZONE INC 0.02%
BANK OF MONTREAL 0.02%
COMCAST CORP 03.9690 11/01/2047 0.02%
COMMONWEALTH BK AUST P/P 144A 03.1500 09/19/2027 0.02%
EQT CORP 03.9000 10/01/2027 0.02%
JPMCC 2013-LC11 X IO 01.4034 04/15/2046 0.02%
MITSUBISHI UFJ LEASE & FINAN 0.02%
OSHKOSH CORP 04.6000 05/15/2028 0.02%
PETROBRAS GLOBAL FINANCE USD 07.3750 01/17/2027 0.02%
ROCHE HOLDINGS INC P/P 144A 04.0000 11/28/2044 0.02%
STACR 2015-DNA3 M3 07.1044 04/25/2028 0.02%
TARGA RESOURCES PART 05.0000 01/15/2028 0.02%
WFCM 2013-LC12 D P/P 144A 04.4208 07/15/2046 0.02%
AMCOR LIMITED 0.02%
AT&T INC 04.7500 05/15/2046 0.02%
AZUL SA-ADR 0.02%
CBS CORP 04.2000 06/01/2029 0.02%
CEMEX FINANCE LLC P/P 144A 06.0000 04/01/2024 0.02%
CFCRE 2011-C2 E P/P 144A 05.9393 12/15/2047 0.02%
EQUINOR ASA USD 02.9000 11/08/2020 0.02%
OCCIDENTAL PETROLEUM CORP 0.02%
PNC BANK NA 02.0000 05/19/2020 0.02%
RAYTHEON COMPANY 02.5000 12/15/2022 0.02%
SHELL INTERNATIONAL FIN USD 02.8750 05/10/2026 0.02%
TRK 2019-1 A1 04.3356 03/25/2022 0.02%
VOLKSWAGEN AG 0.02%
AIG GLOBAL FUNDING P/P 144A 02.1500 07/02/2020 0.02%
ALLY FINANCIAL INC 08.0000 11/01/2031 0.02%
AMER TRANS SYST P/P 144A 05.0000 09/01/2044 0.02%
AMERICAN ELECTRIC POWER 04.3000 12/01/2028 0.02%
BAE SYSTEMS PLC 0.02%
BAFC 2005-B 3M1 03.0579 04/20/2035 0.02%
BANK OF AMERICA CORP 03.4990 05/17/2022 0.02%
BROTHER INDUSTRIES LTD 0.02%
CAS 2015-C03 2M2 07.4044 07/25/2025 0.02%
CBS CORP 02.9000 01/15/2027 0.02%
CHINA TRADITIONAL CHINESE ME 0.02%
COMMSCOPE TECH LLC P/P 144A 06.0000 06/15/2025 0.02%
COMPASS GROUP PLC 0.02%
CSC HOLDINGS LLC 05.2500 06/01/2024 0.02%
CWALT 2005-59 1A1 02.7129 11/20/2035 0.02%
FEDERATIVE REP OF BRAZIL USD 04.6250 01/13/2028 0.02%
FISERV INC 04.2000 10/01/2028 0.02%
GLENCORE FUNDING LLC P/P 144A 04.6250 04/29/2024 0.02%
JACK OHIO FIN LLC/FI P/P 144A 10.2500 11/15/2022 0.02%
NATIONAL GRID PLC 0.02%
NAVISTAR INTL TLB L+350 05.8900 11/06/2024 0.02%
NORTHROP GRUMMAN CORP 03.2500 01/15/2028 0.02%
ORACLE CORP 02.6500 07/15/2026 0.02%
ROSS STORES INC 0.02%
SPRINT CAPITAL CORPORATION 06.8750 11/15/2028 0.02%
STAPLES INC P/P 144A 07.5000 04/15/2026 0.02%
UBS GROUP FUNDIN P/P 144A 04.1250 04/15/2026 0.02%
ALPHABET INC 03.6250 05/19/2021 0.02%
AMERICAN TOWER CORP 03.5500 07/15/2027 0.02%
ANALOG DEVICES INC 02.8500 03/12/2020 0.02%
ANHEUSER-BUSCH CO/IN 03.6500 02/01/2026 0.02%
BANK OF NOVA SCOTIA USD 02.3500 10/21/2020 0.02%
CAN IMPERIAL BK OF COMMERCE 0.02%
CANTOR FITZGERALD LP P/P 144A 06.5000 06/17/2022 0.02%
CHENIERE CORP CHRIST 05.8750 03/31/2025 0.02%
CHOCOLADEFABRIKEN LINDT-PC 0.02%
CLUBCORP HLDG INC P/P 144A 08.5000 09/15/2025 0.02%
CREDIT SUISSE GRP AG P/P 144A 06.2500 12/18/2024 0.02%
DIRECT LINE INSURANCE GROUP 0.02%
DOW CHEMICAL CO/THE 03.5000 10/01/2024 0.02%
GLENCORE PLC 0.02%
INTELSAT CONNECT FIN P/P 144A 09.5000 02/15/2023 0.02%
INTELSAT JACKSON HLD P/P 144A 09.7500 07/15/2025 0.02%
KINDER MORGAN INC 0.02%
LBMLT 2004-1 A2 03.2044 02/25/2034 0.02%
MET LIFE GLOB FUNDIN P/P 144A 01.7500 09/19/2019 0.02%
MORGAN STANLEY 04.3750 01/22/2047 0.02%
NATIONAL BANK OF CANADA 0.02%
NAVISTAR INTL CORP P/P 144A 06.6250 11/01/2025 0.02%
OCCIDENTAL PETROLEUM COR 04.4000 04/15/2046 0.02%
PROTECTIVE LIFE GLO P/P 144A 02.2620 04/08/2020 0.02%
PROVINCIA DE CORDOBA REGS 07.4500 09/01/2024 0.02%
SNAM SPA 0.02%
TORONTO-DOMINION BANK USD 03.6250 09/15/2031 0.02%
TOTAL SYSTEM SERVICES IN 04.0000 06/01/2023 0.02%
AES CORP/THE 05.1250 09/01/2027 0.02%
AMERICAN INTL GROUP 08.1750 05/15/2058 0.02%
BANK OF AMERICA CORP 06.1000 12/29/2049 0.02%
BANK OF MONTREAL USD 03.1000 04/13/2021 0.02%
BIOGEN INC 03.6250 09/15/2022 0.02%
BOISE CASCADE CO P/P 144A 05.6250 09/01/2024 0.02%
CAS 2016-C04 1M2 06.6544 01/25/2029 0.02%
CCO HLDGS LLC/CAP CO P/P 144A 05.8750 04/01/2024 0.02%
CMLTI 2005-2 1A2A 04.9214 05/25/2035 0.02%
ERAC USA FINANCE LLC P/P 144A 04.5000 02/15/2045 0.02%
FHLMC FH30G G60314 04.0000 09/01/2045 0.02%
GLENCORE FUNDING LLC P/P 144A 04.0000 04/16/2025 0.02%
GSMS 2011-GC5 AS P/P 144A 05.2090 08/10/2044 0.02%
HOSPITALITY PROP TRUST 04.3750 02/15/2030 0.02%
JPMORGAN CHASE & CO 02.2500 01/23/2020 0.02%
KIMBERLY-CLARK CORP 0.02%
L3HARRIS TECHNOLOGIES INC 0.02%
MIZUHO FINANCIAL GROUP INC 0.02%
NIPPON STEEL CORP 0.02%
NUTRIEN LTD. USD 04.2000 04/01/2029 0.02%
PFIZER INC 01.9500 06/03/2021 0.02%
QIAGEN N.V. 0.02%
STACR 2016-HQA2 M3 07.5544 11/25/2028 0.02%
TEMPO ACQ LLC/FI P/P 144A 06.7500 06/01/2025 0.02%
UNITED TECHNOLOGIES CORP 04.1250 11/16/2028 0.02%
WAMU 2004-AR12 A2B 03.3244 10/25/2044 0.02%
WELLS FARGO & COMPANY 05.8750 12/29/2049 0.02%
WEYERHAEUSER CO 07.3750 03/15/2032 0.02%
WYNN LAS VEGAS P/P 144A 05.2500 05/15/2027 0.02%
YAHOO JAPAN CORP 0.02%
AES CORP/THE 05.5000 04/15/2025 0.02%
ARDAGH PKG FIN/HLDGS P/P 144A 07.2500 05/15/2024 0.02%
BMIR 2018-2A M1B P/P 144A 03.7544 08/25/2028 0.02%
CCO HLDGS LLC/CAP CO P/P 144A 05.7500 02/15/2026 0.02%
CGCMT 2014-GC21 AS 04.0260 05/10/2047 0.02%
CIGNA CORP 0.02%
COOPERATIEVE RABOBANK UA USD 05.2500 05/24/2041 0.02%
DUKE ENERGY CORP 03.1500 08/15/2027 0.02%
ENAGAS SA 0.02%
EUTELSAT COMMUNICATIONS 0.02%
FISERV INC 0.02%
HOLLY ENERGY PARTNE P/P 144A 06.0000 08/01/2024 0.02%
JPMCC 2012-C8 D P/P 144A 04.8049 10/15/2045 0.02%
MSBAM 2012-C6 D P/P 144A 04.7621 11/15/2045 0.02%
NORTHROP GRUMMAN CORP 0.02%
NRG P/P 144A 03.7500 06/15/2024 0.02%
SCIENTIFIC GAMES INT 10.0000 12/01/2022 0.02%
SERVICE CORP INTL 05.3750 05/15/2024 0.02%
SPRINT CORP 07.8750 09/15/2023 0.02%
VISTRA OPERATION P/P 144A 03.5500 07/15/2024 0.02%
VISTRA OPERATION P/P 144A 04.3000 07/15/2029 0.02%
VODAFONE GROUP PLC USD 04.3750 05/30/2028 0.02%
WESTLAKE CHEMICAL CORP 04.3750 11/15/2047 0.02%
WFCM 2014-LC16 XA IO 01.3139 08/15/2050 0.02%
ABN AMRO BANK NV P/P 144A 02.4500 06/04/2020 0.02%
BANCO SANTANDER SA USD 05.1790 11/19/2025 0.02%
BP CAPITAL MARKETS PLC USD 01.7680 09/19/2019 0.02%
BRAND ENERGY TL L+425 06.7871 06/21/2024 0.02%
CELANESE US HOLDINGS LLC 03.5000 05/08/2024 0.02%
CENTENE CORP 0.02%
CITIGROUP INC 02.9000 12/08/2021 0.02%
COMCAST CORP 03.3750 02/15/2025 0.02%
COMM 2013-CR13 AM 04.4490 11/10/2046 0.02%
EOG RESOURCES INC 02.6250 03/15/2023 0.02%
ERAC USA FINANCE LLC P/P 144A 07.0000 10/15/2037 0.02%
GENERAL DYNAMICS CORP 0.02%
GNR 2015-H25 BI IO 01.9048 10/20/2065 0.02%
GOLDEN NUGGET INC P/P 144A 06.7500 10/15/2024 0.02%
GRAY TELEVISION INC P/P 144A 07.0000 05/15/2027 0.02%
GSMS 2011-GC3 C P/P 144A 05.8247 03/10/2044 0.02%
HESS INFRASTRUCTURE P/P 144A 05.6250 02/15/2026 0.02%
HOME DEPOT INC 02.6250 06/01/2022 0.02%
HYATT HOTELS CORP 04.8500 03/15/2026 0.02%
INTL FLAVOR & FRAGRANCES 04.4500 09/26/2028 0.02%
L3 TECHNOLOGIES INC 03.8500 12/15/2026 0.02%
LEGRAND FRANCE USD 08.5000 02/15/2025 0.02%
MERCK & CO INC 03.7000 02/10/2045 0.02%
MTR CORP 0.02%
NETFLIX INC. 05.8750 11/15/2028 0.02%
NOVELIS CORP P/P 144A 05.8750 09/30/2026 0.02%
ONCOR ELECTRIC DELIV 03.7500 04/01/2045 0.02%
OSHKOSH CORP 05.3750 03/01/2025 0.02%
PERTAMINA PERSERO PT P/P 144A 04.3000 05/20/2023 0.02%
SABINE PASS LIQUEFACTION 04.2000 03/15/2028 0.02%
SHIRE ACQ INV IE 03.2000 09/23/2026 0.02%
SINGAPORE EXCHANGE LTD 0.02%
SIX FLAGS ENT P/P 144A 04.8750 07/31/2024 0.02%
STARFRUIT US/STAR FI P/P 144A 08.0000 10/01/2026 0.02%
STEVENS HLDG CO INC P/P 144A 06.1250 10/01/2026 0.02%
SWIRE PROPERTIES LTD 0.02%
TENET HEALTHCARE CORP 08.1250 04/01/2022 0.02%
TRANSDIGM INC P/P 144A 06.2500 03/15/2026 0.02%
VTB BANK (VTB CAP SA P/P 144A 06.9500 10/17/2022 0.02%
AIR LEASE CORP 03.6250 04/01/2027 0.01%
AMAZON.COM INC. 02.5000 11/29/2022 0.01%
AUTONATION INC. 05.5000 02/01/2020 0.01%
BP CAPITAL MARKETS PLC USD 03.2790 09/19/2027 0.01%
BWAY HOLDING CO P/P 144A 07.2500 04/15/2025 0.01%
CEQUEL COM HLDG I/CA P/P 144A 05.1250 12/15/2021 0.01%
COMPASS MINERALS INT P/P 144A 04.8750 07/15/2024 0.01%
CONSOLIDATED EDISON INC 02.0000 03/15/2020 0.01%
DIAMONDBACK ENERGY INC 05.3750 05/31/2025 0.01%
DUKE ENERGY OHIO INC 03.6500 02/01/2029 0.01%
EIFFAGE 0.01%
ENDEAVOR ENERGY P/P 144A 05.7500 01/30/2028 0.01%
FAIRFAX US INC P/P 144A 04.8750 08/13/2024 0.01%
FEDERATIVE REP OF BRAZIL USD 04.2500 01/07/2025 0.01%
FIRST DATA CORP P/P 144A 05.7500 01/15/2024 0.01%
FRONTIER COMM 11.0000 09/15/2025 0.01%
GFL ENVIRONMENTAL P/P 144A 07.0000 06/01/2026 0.01%
GSMS 2013-GC16 D P/P 144A 05.4877 11/10/2046 0.01%
HCA INC 04.1250 06/15/2029 0.01%
HKT TRUST AND HKT LTD-SS 0.01%
JFE HOLDINGS INC 0.01%
LOEWS CORP 0.01%
MIRVAC GROUP 0.01%
NIELSEN FIN LLC/CO P/P 144A 05.0000 04/15/2022 0.01%
OMNICOM GP/OMNICOM CAP 03.6000 04/15/2026 0.01%
ORKLA ASA 0.01%
PPSI 2004-WCW2 M3 03.4544 10/25/2034 0.01%
PRUDENTIAL FINANCIAL INC 05.2000 03/15/2044 0.01%
PULTEGROUP INC 05.5000 03/01/2026 0.01%
RBS GLOBAL/REXNO P/P 144A 04.8750 12/15/2025 0.01%
UNITEDHEALTH GROUP INC 0.01%
VIDEOTRON LTD / LTEE P/P 144A 05.1250 04/15/2027 0.01%
WAMU 2005-AR11 A1B3 02.8044 08/25/2045 0.01%
WESTROCK MWV LLC 08.2000 01/15/2030 0.01%
WFCM 2013-LC12 C 04.4208 07/15/2046 0.01%
BERKSHIRE HATHAWAY E 03.8000 07/15/2048 0.01%
BIG RVR STL/FIN P/P 144A 07.2500 09/01/2025 0.01%
BMIR 2017-1 M1 P/P 144A 04.1044 10/25/2027 0.01%
BOMBARDIER INC P/P 144A 07.5000 12/01/2024 0.01%
CBRE SERVICES INC 04.8750 03/01/2026 0.01%
CFCRE 2011-C1 D P/P 144A 06.2719 04/15/2044 0.01%
CLEAR CHNL WORLD 06.5000 11/15/2022 0.01%
CNP ASSURANCES 0.01%
COMM 2014-CR18 C 04.8912 07/15/2047 0.01%
CRC ESCROW ISSUER LL P/P 144A 05.2500 10/15/2025 0.01%
GREAT LAKES D&D 08.0000 05/15/2022 0.01%
HONGKONG LAND HOLDINGS LTD 0.01%
HOWARD HUGHES CORP P/P 144A 05.3750 03/15/2025 0.01%
HUNTINGTON BANCSHARES 04.3500 02/04/2023 0.01%
IBM CORP 01.8750 08/01/2022 0.01%
JACK OHIO FIN LLC/FI P/P 144A 06.7500 11/15/2021 0.01%
KERRY PROPERTIES LTD 0.01%
KKR GROUP FINANCE CO P/P 144A 06.3750 09/29/2020 0.01%
MATCH GROUP INC P/P 144A 05.0000 12/15/2027 0.01%
MEREDITH CORP 06.8750 02/01/2026 0.01%
NORDEA BANK ABP P/P 144A 02.2500 05/27/2021 0.01%
NUCOR CORP 0.01%
OMEGA HLTHCARE INVESTORS 04.9500 04/01/2024 0.01%
QUEST DIAGNOSTICS INC 0.01%
REGIONS FINANCIAL CORP 02.7500 08/14/2022 0.01%
REPUBLIC OF SOUTH AFRICA USD 04.8500 09/27/2027 0.01%
SANTANDER UK PLC P/P 144A 05.0000 11/07/2023 0.01%
SYNOPSYS INC 0.01%
TTM TECHNOLOGIES INC P/P 144A 05.6250 10/01/2025 0.01%
VERIZON COMMUNICATIONS 04.4000 11/01/2034 0.01%
VIDEOTRON LTD USD 05.0000 07/15/2022 0.01%
WATCO COS LLC/FI P/P 144A 06.3750 04/01/2023 0.01%
ALLISON TRANSMISSION P/P 144A 04.7500 10/01/2027 0.01%
AMGEN INC 02.6000 08/19/2026 0.01%
AMGEN INC 03.4500 10/01/2020 0.01%
ANHEUSER-BUSCH INBEV WOR 02.5000 07/15/2022 0.01%
APPLE INC 03.8500 05/04/2043 0.01%
AXA SA P/P 144A 06.3790 12/29/2049 0.01%
BANFF MERGER SUB INC P/P 144A 09.7500 09/01/2026 0.01%
BAUSCH HLTH COS INC P/P 144A 06.1250 04/15/2025 0.01%
BMW US CAPITAL LLC P/P 144A 03.9500 08/14/2028 0.01%
BPCE SA P/P 144A 05.1500 07/21/2024 0.01%
BRAND ENERGY & I P/P 144A 08.5000 07/15/2025 0.01%
CCO HLDGS LLC/CAP C P/P 144A 05.5000 05/01/2026 0.01%
CITIGROUP INC 03.8870 01/10/2028 0.01%
CITIGROUP INC 04.4500 09/29/2027 0.01%
COMM 2012-CR2 AM 03.7910 08/15/2045 0.01%
CROWN CASTLE INTL CORP 03.7000 06/15/2026 0.01%
CVS HEALTH CORP 03.7000 03/09/2023 0.01%
CWALT 2006-OA19 A1 02.5629 02/20/2047 0.01%
GOLDEN NUGGET INC P/P 144A 08.7500 10/01/2025 0.01%
GOOGLE INC 03.3750 02/25/2024 0.01%
GSMS 2010-C1 D P/P 144A 06.1971 08/10/2043 0.01%
HMIR 2018-1 M1 P/P 144A 03.8300 10/25/2028 0.01%
IRON MOUNTAIN INC P/P 144A 04.8750 09/15/2027 0.01%
IVORY COAST REGS 05.3750 07/23/2024 0.01%
IVORY COAST REGS 06.1250 06/15/2033 0.01%
LPL HOLDINGS INC P/P 144A 05.7500 09/15/2025 0.01%
ORACLE CORP 02.5000 10/15/2022 0.01%
PETROBRAS GLOBAL FINANCE USD 06.1250 01/17/2022 0.01%
PULTEGROUP INC. 07.8750 06/15/2032 0.01%
REFINITIV US HLDG P/P 144A 06.2500 05/15/2026 0.01%
SCHINDLER HOLDING AG-REG 0.01%
SCIENTIFIC GAMES P/P 144A 08.2500 03/15/2026 0.01%
SERVICE CORP INTL 05.1250 06/01/2029 0.01%
SIX FLAGS ENT P/P 144A 05.5000 04/15/2027 0.01%
STANDARD IND INC P/P 144A 05.3750 11/15/2024 0.01%
SWISS PRIME SITE-REG 0.01%
TRANSDIGM INC 06.3750 06/15/2026 0.01%
UBSCM 2012-C1 C P/P 144A 05.7280 05/10/2045 0.01%
VERIZON COMM 04.6720 03/15/2055 0.01%
WEWORK COS INC P/P 144A 07.8750 05/01/2025 0.01%
WFCM 2013-LC12 AS 04.4208 07/15/2046 0.01%
WFRBS 2013-C15 D P/P 144A 04.6216 08/15/2046 0.01%
WFRBS 2013-UBS1 AS 04.3060 03/15/2046 0.01%
ZOETIS INC 03.9000 08/20/2028 0.01%
1011778 BC / NEW RED P/P 144A 05.0000 10/15/2025 0.01%
APERGY CORP 06.3750 05/01/2026 0.01%
AVAYA TLB L+425 06.7226 12/15/2024 0.01%
BMC EAST LLC P/P 144A 05.5000 10/01/2024 0.01%
BP CAPITAL MARKETS PLC USD 02.3150 02/13/2020 0.01%
BRIGGS & STRATTON CORPORATION 06.8750 12/15/2020 0.01%
CHARTER COMM OPT LLC 04.9080 07/23/2025 0.01%
CHS/COMMUNITY HEALTH 06.8750 02/01/2022 0.01%
CISCO SYSTEMS INC 02.2000 02/28/2021 0.01%
CISCO SYSTEMS INC 02.5000 09/20/2026 0.01%
CORNERSTONE BUILDING P/P 144A 08.0000 04/15/2026 0.01%
COVEY PARK ENERGY LL P/P 144A 07.5000 05/15/2025 0.01%
CROWN CASTLE INTL CORP 03.6500 09/01/2027 0.01%
EXXON MOBIL CORPORATION 02.2220 03/01/2021 0.01%
FRONTIER COMM P/P 144A 08.5000 04/01/2026 0.01%
HUSKY TLB L+300 05.4024 03/28/2025 0.01%
INGEVITY CORP P/P 144A 04.5000 02/01/2026 0.01%
ITRON INC P/P 144A 05.0000 01/15/2026 0.01%
JARDINE MATHESON HLDGS LTD 0.01%
JPMCC 2013-LC11 C 03.9582 04/15/2046 0.01%
L3 TECHNOLOGIES INC 04.4000 06/15/2028 0.01%
MACQUARIE BANK LTD P/P 144A 02.8500 07/29/2020 0.01%
MAXIM INTEGRATED PRODUCTS 0.01%
MET LIFE GLOB FUND P/P 144A 01.5500 09/13/2019 0.01%
MIDAMERICAN FUNDING LLC 06.9270 03/01/2029 0.01%
MSBAM 2014-C18 C 04.6249 10/15/2047 0.01%
MWST 2018-W1 A 03.2544 11/25/2051 0.01%
NABORS INDUSTRIES INC. 05.7500 02/01/2025 0.01%
NATIONSTAR MORT/ 06.5000 07/01/2021 0.01%
NEXSTAR BROADC P/P 144A 05.6250 08/01/2024 0.01%
NUTRIEN LTD USD 04.1250 03/15/2035 0.01%
ORACLE CORP JAPAN 0.01%
PFIZER INC 03.0000 12/15/2026 0.01%
PRECISION DRILL P/P 144A 07.1250 01/15/2026 0.01%
RITE AID CORP P/P 144A 06.1250 04/01/2023 0.01%
RIVERS PITTSBURGH LP P/P 144A 06.1250 08/15/2021 0.01%
ROYAL BANK OF CANADA USD 04.6500 01/27/2026 0.01%
SANOFI 0.01%
SHERWIN-WILLIAMS CO/THE 0.01%
SHIRE ACQ INV IRELAND DA USD 02.8750 09/23/2023 0.01%
STAPLES INC P/P 144A 10.7500 04/15/2027 0.01%
THE WILLIAMS COMPANIES INC. 08.7500 03/15/2032 0.01%
UNITEDHEALTH GROUP INC 04.7000 02/15/2021 0.01%
US BANCORP 0.01%
VISTRA OPERATIONS CO P/P 144A 05.5000 09/01/2026 0.01%
WAMU 2007-HY2 1A1 03.8239 12/25/2036 0.01%
WFRBS 2014-C24 XA IO 01.0129 11/15/2047 0.01%
WM MORRISON SUPERMARKETS 0.01%
ABC-MART INC 0.01%
AIB GROUP PLC 0.01%
AIR MEDICAL MERGER S P/P 144A 06.3750 05/15/2023 0.01%
ALLEGHENY TECHNOLOGIES INC 07.8750 08/15/2023 0.01%
ALLERGAN FUNDING SCS USD 03.8000 03/15/2025 0.01%
ALPHABET INC 01.9980 08/15/2026 0.01%
APPLE INC 02.8500 05/11/2024 0.01%
APPLE INC 04.3750 05/13/2045 0.01%
ARCELORMITTAL USD 07.0000 10/15/2039 0.01%
ASCEND LEARNING LLC P/P 144A 06.8750 08/01/2025 0.01%
BAUSCH HLTH AMERICAS P/P 144A 08.5000 01/31/2027 0.01%
BAUSCH HLTH COS INC P/P 144A 07.0000 03/15/2024 0.01%
BP CAP MARKETS AMERICA 03.1190 05/04/2026 0.01%
BWAY HOLDING CO P/P 144A 05.5000 04/15/2024 0.01%
CAS 2014-C03 2M2 05.3044 07/25/2024 0.01%
CAS 2014-C04 1M2 07.3044 11/25/2024 0.01%
CGCMT 2014-GC19 AS 04.3450 03/10/2047 0.01%
CNO FINANCIAL GROUP INC 05.2500 05/30/2025 0.01%
DCP MIDSTREAM P/P 144A 06.7500 09/15/2037 0.01%
DEUTSCHE TELEKOM INT FIN USD 08.7500 06/15/2030 0.01%
ENTERCOM MEDIA CORP P/P 144A 07.2500 11/01/2024 0.01%
ERAC USA FINANCE LLC P/P 144A 05.6250 03/15/2042 0.01%
GNR 2016-123 LI IO 03.5000 03/20/2044 0.01%
GNR 2017-162 QI IO 05.0000 10/11/2047 0.01%
GREIF INC P/P 144A 06.5000 03/01/2027 0.01%
INTEL CORP 0.01%
IPSEN 0.01%
JP MORGAN CHASE BANK NA 03.0860 04/26/2021 0.01%
KINDER MORGAN ENER PART 03.5000 03/01/2021 0.01%
KINDER MORGAN ENER PART 05.4000 09/01/2044 0.01%
KONINKLIJKE PHILIPS NV 0.01%
MORGAN STANLEY 02.7500 05/19/2022 0.01%
PQ CORP P/P 144A 05.7500 12/15/2025 0.01%
PROVIDENT FDG/PFG FI P/P 144A 06.3750 06/15/2025 0.01%
PROVINCIA DE BUENOS AIRE REGS 07.8750 06/15/2027 0.01%
REP OF INDONESIA P/P 144A 03.3750 04/15/2023 0.01%
SANTANDER UK GROUP H P/P 144A 04.7500 09/15/2025 0.01%
SERVICE CORPORATION INTL 04.6250 12/15/2027 0.01%
SWISS RE TREAS P/P 144A 04.2500 12/06/2042 0.01%
TEVA PHARMACEUTICALS NE USD 06.7500 03/01/2028 0.01%
TMS INTL CORP P/P 144A 07.2500 08/15/2025 0.01%
TOPBUILD CORP P/P 144A 05.6250 05/01/2026 0.01%
UBSBB 2012-C3 C P/P 144A 05.1984 08/10/2049 0.01%
UBSCM 2017-C7 XA IO 01.2173 12/15/2050 0.01%
US CONCRETE INC 06.3750 06/01/2024 0.01%
WASTE CONNECTIONS INC 03.5000 05/01/2029 0.01%
WERNER FINCO LP/INC P/P 144A 08.7500 07/15/2025 0.01%
WFRBS 2013-C11 AS 03.3110 03/15/2045 0.01%
ALIMENTATION COUCHE-TARD 3.550000 07/26/2027 0.01%
ALTICE FRANCE P/P 144A 07.3750 05/01/2026 0.01%
ALTICE LUXEMBOURG SA P/P 144A 10.5000 05/15/2027 0.01%
AMGEN INC 04.6630 06/15/2051 0.01%
ANHEUSER-BUSCH INBEV WOR 04.7500 01/23/2029 0.01%
ARRW 2019-1 A3 04.2080 01/25/2049 0.01%
AT&T INC 02.9500 07/15/2026 0.01%
BAUSCH HEALTH COS INC REGS 04.5000 05/15/2023 0.01%
BAUSCH HLTH AMERICAS P/P 144A 09.2500 04/01/2026 0.01%
BOMBARDIER INC P/P 144A 07.8750 04/15/2027 0.01%
CBRE SERVICES INC 05.2500 03/15/2025 0.01%
CBS CORP 04.6000 01/15/2045 0.01%
CENTENE CORP 06.1250 02/15/2024 0.01%
CITIGROUP INC 04.7500 05/18/2046 0.01%
COMM 2013-CR11 XA IO 01.1005 08/10/2050 0.01%
COMM 2014-CR17 XA IO 01.1511 05/10/2047 0.01%
COMM 2014-UBS6 XA IO 01.0876 12/10/2047 0.01%
CONSTELLIUM SE P/P 144A 05.8750 02/15/2026 0.01%
CROWN CASTLE INTL CORP 03.8000 02/15/2028 0.01%
CSX CORP 04.1000 03/15/2044 0.01%
DIAMOND 1 FIN/DIAMON P/P 144A 07.1250 06/15/2024 0.01%
DOLLAR GENERAL CORP 03.2500 04/15/2023 0.01%
ENTERCOM MEDIA CORP P/P 144A 06.5000 05/01/2027 0.01%
FIRST QUANTUM MINERA P/P 144A 07.5000 04/01/2025 0.01%
FIVE CORNERS FUNDING P/P 144A 04.4190 11/15/2023 0.01%
FREEPORT-MCMORAN INC 06.8750 02/15/2023 0.01%
GFL ENVIRONMENTA P/P 144A 08.5000 05/01/2027 0.01%
GSMS 2013-GC10 XA IO 01.6567 02/10/2046 0.01%
GSMS 2014-GC22 XA IO 01.1443 06/10/2047 0.01%
HCA INC 05.0000 03/15/2024 0.01%
HCA INC 05.5000 06/15/2047 0.01%
HUB INTL LTD P/P 144A 07.0000 05/01/2026 0.01%
IHEARTCOMMUNICATIONS INC 08.3750 05/01/2027 0.01%
INDIGO NATURAL P/P 144A 06.8750 02/15/2026 0.01%
INFOR US INC 06.5000 05/15/2022 0.01%
ING BANK NV P/P 144A 05.8000 09/25/2023 0.01%
IPALCO ENTPRS IN 03.7000 09/01/2024 0.01%
JAPAN TOBACCO INC 0.01%
JOHNSON CONTROLS INTL PL 04.9500 07/02/2064 0.01%
JPMCC 2013-C16 D P/P 144A 05.1951 12/15/2046 0.01%
LIONS GATE CAP HOLD P/P 144A 05.8750 11/01/2024 0.01%
MBX.FN30.500.10 R USL1M P 01/12/41 CI 0.01%
MITSUBISHI UFJ FIN GRP USD 03.8500 03/01/2026 0.01%
NATIONAL AUSTRALIA BANK LTD 0.01%
NATIONAL AUSTRALIA BK/NY 02.8750 04/12/2023 0.01%
NATIONWIDE BUILDING SOCIETY 6385E1U82 DCP 07/08/2019 0.01%
NOK/USD 09/18/2019 GSFX 0.01%
NRG ENERGY INC P/P 144A 05.2500 06/15/2029 0.01%
PETROBRAS GLOBAL FIN USD 05.9990 01/27/2028 0.01%
PUBLICIS GROUPE 0.01%
REPUBLIC OF SENEGAL REGS 06.2500 05/23/2033 0.01%
RTL GROUP 0.01%
S&P GLOBAL INC 04.4000 02/15/2026 0.01%
SAMPO OYJ-A SHS 0.01%
SHERWIN-WILLIAMS CO 03.4500 06/01/2027 0.01%
SMURFIT KAPPA TREASURY USD 07.5000 11/20/2025 0.01%
STACR 2014-HQ2 M3 06.1544 09/25/2024 0.01%
STACR 2014-HQ3 M3 07.1544 10/25/2024 0.01%
STACR 2017-DNA1 M2 05.6544 07/25/2029 0.01%
STARWOOD PROP TR 04.7500 03/15/2025 0.01%
SYNGENTA FINANCE NV P/P 144A 04.8920 04/24/2025 0.01%
SYNGENTA FINANCE NV P/P 144A 05.1820 04/24/2028 0.01%
TCI COMMUNICATIONS INC 07.1250 02/15/2028 0.01%
TOTAL CAPITAL INTL SA USD 02.7500 06/19/2021 0.01%
TRAVELPORT TLB L+500 07.5412 03/18/2026 0.01%
TRI POINTE GROUP / HOMES 05.8750 06/15/2024 0.01%
UNITEDHEALTH GROUP INC 02.7500 02/15/2023 0.01%
UNITEDHEALTH GROUP INC 03.9500 10/15/2042 0.01%
UNIVISION COMM P/P 144A 05.1250 02/15/2025 0.01%
WALGREENS BOOTS ALLIANCE 03.3000 11/18/2021 0.01%
WAMU 2005-AR9 A1C3 03.3644 07/25/2045 0.01%
WESTROCK MWV LLC 07.9500 02/15/2031 0.01%
1011778 BC / NEW RED P/P 144A 04.2500 05/15/2024 0.01%
ALBERTSONS COS LLC P/P 144A 07.5000 03/15/2026 0.01%
ANHEUSER-BUSCH INBEV WOR 05.5500 01/23/2049 0.01%
ARD SECURITIES FIN P/P 144A 08.7500 01/31/2023 0.01%
ASCENT RESOURCES/AEU P/P 144A 10.0000 04/01/2022 0.01%
AUST & NZ BANKING GR P/P 144A 06.7500 12/29/2049 0.01%
BAUSCH HLTH COS INC P/P 144A 07.2500 05/30/2029 0.01%
BAUSCH HLTH COS INC P/P 144A 09.0000 12/15/2025 0.01%
BERRY GLOBAL INC 05.1250 07/15/2023 0.01%
BGC PARTNERS INC 05.1250 05/27/2021 0.01%
CALPINE CORPORATION 05.7500 01/15/2025 0.01%
CARRIAGE SVCS INC P/P 144A 06.6250 06/01/2026 0.01%
CENOVUS ENERGY INC USD 06.7500 11/15/2039 0.01%
CF INDUSTRIES INC 04.9500 06/01/2043 0.01%
CIGNA HOLDING CO 04.5000 03/15/2021 0.01%
CNO FINANCIAL GROUP INC 05.2500 05/30/2029 0.01%
CSC HOLDINGS LLC P/P 144A 07.7500 07/15/2025 0.01%
DEERE & COMPANY 02.6000 06/08/2022 0.01%
DIAMOND 1 FIN/DIAMON P/P 144A 08.3500 07/15/2046 0.01%
ECOLAB INC 0.01%
ENBRIDGE INC USD 04.2500 12/01/2026 0.01%
ENERGY TRANSFER OPERATNG 05.2000 02/01/2022 0.01%
EPR PROPERTIES 05.7500 CUM CV PFD 0.01%
FIDELITY NATIONAL INFORM 04.2500 05/15/2028 0.01%
GATES GLOBAL LLC P/P 144A 06.0000 07/15/2022 0.01%
GNR 2015-H24 BI IO 01.6182 08/20/2065 0.01%
GNR 2015-H26 EI IO 01.7336 10/20/2065 0.01%
HCA INC 05.2500 06/15/2026 0.01%
HUDBAY MINERALS INC P/P 144A 07.6250 01/15/2025 0.01%
INTERNATIONAL PAPER CO 03.0000 02/15/2027 0.01%
JO-ANN STORES 2NDL L+925 11.7272 05/21/2024 0.01%
JPMBB 2013-C17 XA IO 00.9310 01/15/2047 0.01%
LIONS GATE CAP HOLD P/P 144A 06.3750 02/01/2024 0.01%
LLOYDS BANKING GROUP PLC USD 04.6500 03/24/2026 0.01%
MARSH & MCLENNAN COS INC 04.3750 03/15/2029 0.01%
MSC 2011-C3 D P/P 144A 05.2816 07/15/2049 0.01%
NCHET 2003-4 M1 03.5294 10/25/2033 0.01%
NETFLIX INC 04.8750 04/15/2028 0.01%
NRG ENERGY INC 06.6250 01/15/2027 0.01%
ORTHO-CLINICAL INC/S P/P 144A 06.6250 05/15/2022 0.01%
PANTHER BF AGGRE 2 P/P 144A 08.5000 05/15/2027 0.01%
PAR PHARMA INC P/P 144A 07.5000 04/01/2027 0.01%
PENSKE TRUCK LEASING P/P 144A 03.9000 02/01/2024 0.01%
REP OF INDONESIA P/P 144A 04.7500 01/08/2026 0.01%
ROGERS COMMUNICATIONS IN USD 08.7500 05/01/2032 0.01%
ROYAL BK SCOTLND GRP PLC USD 04.8920 05/18/2029 0.01%
SABINE PASS LIQUEF 05.0000 03/15/2027 0.01%
SECOM CO LTD 0.01%
SHELL INTERNATIONAL FIN USD 01.8750 05/10/2021 0.01%
SPRINGLEAF FINANCE CORP 06.8750 03/15/2025 0.01%
T-MOBILE USA INC 04.7500 02/01/2028 0.01%
TOKYO ELECTRON LTD 0.01%
UBS GROUP FUNDING SWITZE REGS 06.8750 12/29/2049 0.01%
UBSBB 2012-C4 XA IO P/P 144A 01.7835 12/10/2045 0.01%
USI INC/NY P/P 144A 06.8750 05/01/2025 0.01%
VIACOM INC 04.5000 03/01/2021 0.01%
WASTE MANAGEMENT INC. 04.7500 06/30/2020 0.01%
WEEKLEY HOMES LLC 06.0000 02/01/2023 0.01%
WESTPAC BANKING CORP USD 02.0000 08/19/2021 0.01%
WESTPAC BANKING CORP USD 04.8750 11/19/2019 0.01%
WFRBS 2012-C9 XA IO P/P 144A 02.0650 11/15/2045 0.01%
WFRBS 2012-C9 XB IO P/P 144A 00.8757 11/15/2045 0.01%
WR GRACE & CO-CONN P/P 144A 05.6250 10/01/2024 0.01%
ALPHA 2 BV P/P 144A 08.7500 06/01/2023 0.01%
ALPHA 3 BV / US BID P/P 144A 06.2500 02/01/2025 0.01%
AMC ENT HOLDIN 05.8750 11/15/2026 0.01%
ANHEUSER-BUSCH INBEV WOR 04.1500 01/23/2025 0.01%
ANTHEM INC 0.01%
ARGENTINE REPUBLIC USD 06.6250 07/06/2028 0.01%
AXALTA COATING SYS P/P 144A 04.8750 08/15/2024 0.01%
BANCO SANTANDER SA USD 04.3790 04/12/2028 0.01%
BEACON ROOFING SUPP P/P 144A 04.8750 11/01/2025 0.01%
BEACON ROOFING SUPPL 06.3750 10/01/2023 0.01%
BRISTOL-MYERS P/P 144A 03.4000 07/26/2029 0.01%
BROOKFIELD RESID PRO P/P 144A 06.1250 07/01/2022 0.01%
CAMDEN PROPERTY TRUST 04.8750 06/15/2023 0.01%
CAPITAL ONE FINANCIAL CO 04.2000 10/29/2025 0.01%
CGCMT 2012-GC8 XA IO P/P 144A 01.9387 09/10/2045 0.01%
CHEMOURS CO 07.0000 05/15/2025 0.01%
COMCAST CORP 04.0490 11/01/2052 0.01%
COX COMM INC P/P 144A 03.5000 08/15/2027 0.01%
CROWN CORK & SEAL CO INC 07.3750 12/15/2026 0.01%
DENBURY RESOURCES IN P/P 144A 09.0000 05/15/2021 0.01%
ENDO LTD/FIN LLC/FIN P/P 144A 06.0000 02/01/2025 0.01%
ESH HOSPITALITY INC P/P 144A 05.2500 05/01/2025 0.01%
FHR 3829 AS IO 04.5558 03/15/2041 0.01%
GLP CAPITAL LP / FIN II 05.2500 06/01/2025 0.01%
GNR 2013-99 AS IO 03.6671 06/20/2043 0.01%
KFC HLD/PIZZA HUT/TA P/P 144A 05.0000 06/01/2024 0.01%
KFC HLD/PIZZA HUT/TA P/P 144A 05.2500 06/01/2026 0.01%
KINDER MORGAN INC/DELAWA 07.7500 01/15/2032 0.01%
LEVEL 3 FINANCING INC 05.6250 02/01/2023 0.01%
LIVE NATION ENTERTAI P/P 144A 05.6250 03/15/2026 0.01%
LLOYDS BANKING GROUP PLC USD 04.5000 11/04/2024 0.01%
LOUISIANA-PACIFIC CORPORATION 04.8750 09/15/2024 0.01%
MASTEC INC 04.8750 03/15/2023 0.01%
MBX.FN30.500.09 R USL1M P 01/12/40 BC 0.01%
MICROSOFT CORP 03.7000 08/08/2046 0.01%
MLMI 2005-A2 A2 04.4525 02/25/2035 0.01%
NATIONSTAR MTG P/P 144A 08.1250 07/15/2023 0.01%
NEWELL BRANDS INC 04.2000 04/01/2026 0.01%
NEWFIELD EXPLORATION CO 05.7500 01/30/2022 0.01%
NEXTERA ENERGY CAPITAL 04.8000 12/01/2077 0.01%
NOVELIS CORP P/P 144A 06.2500 08/15/2024 0.01%
NRG ENERGY INC. 07.2500 05/15/2026 0.01%
NSTAR ELECTRIC CO 02.3750 10/15/2022 0.01%
OASIS PETROLEUM INC P/P 144A 06.2500 05/01/2026 0.01%
PVH CORP 0.01%
QVC INC 04.8500 04/01/2024 0.01%
REPUBLIC OF VENEZUELA REGS 08.2500 10/13/2024 0.01%
ROYAL BK SCOTLND GRP PLC USD 07.5000 12/29/2049 0.01%
SABRE GLBL INC P/P 144A 05.3750 04/15/2023 0.01%
SPECTRA ENERGY PARTNERS 03.3750 10/15/2026 0.01%
STEEL DYNAMICS INC 05.5000 10/01/2024 0.01%
SUGAR HSP GAMING P/P 144A 05.8750 05/15/2025 0.01%
TALLGRASS NRG PRTNR P/P 144A 05.5000 01/15/2028 0.01%
TD AMERITRADE HOLDING CORP 0.01%
TENNANT CO 05.6250 05/01/2025 0.01%
TEVA PHARMACEUTICALS NE USD 06.0000 04/15/2024 0.01%
TMX FIN LLC/TITLEMAX P/P 144A 11.1250 04/01/2023 0.01%
TRANSOCEAN SENTR P/P 144A 05.3750 05/15/2023 0.01%
UNIVAR USA INC P/P 144A 06.7500 07/15/2023 0.01%
USA COMPRESSION PART 06.8750 04/01/2026 0.01%
WMG ACQUISITION CORP P/P 144A 05.0000 08/01/2023 0.01%
WPX ENERGY INC 05.7500 06/01/2026 0.01%
WYNDHAM HOTELS & RE P/P 144A 05.3750 04/15/2026 0.01%
ZEKELMAN IND INC P/P 144A 09.8750 06/15/2023 0.01%
AGL ENERGY LTD 0.01%
ALLIANCE DATA SYS CO P/P 144A 05.3750 08/01/2022 0.01%
ALTRIA GROUP INC 0.01%
AMSTED INDUSTRIES P/P 144A 05.6250 07/01/2027 0.01%
ANTERO RESOURCES FIN 05.1250 12/01/2022 0.01%
APPLE INC 03.4500 05/06/2024 0.01%
ASP AMC MERGER SUB P/P 144A 08.0000 05/15/2025 0.01%
AUD/JPY PUT 73.00 20190917 HSBCB 0.01%
BECTON DICKINSON AND CO 03.7000 06/06/2027 0.01%
BSCMS 2006-PW11 B P/P 144A 05.8095 03/11/2039 0.01%
CANTOR FITZGERALD LP P/P 144A 07.8750 10/15/2019 0.01%
CAS 2015-C01 1M2 06.7044 02/25/2025 0.01%
CENTENE CORP 04.7500 05/15/2022 0.01%
CFCRE 2011-C2 D P/P 144A 05.9393 12/15/2047 0.01%
CGCMT 2014-GC21 X IO 01.3480 05/10/2047 0.01%
CHESAPEAKE ENERGY CORPORATION 08.0000 01/15/2025 0.01%
CITIGROUP INC 04.6000 03/09/2026 0.01%
CLEAN HARBORS INC P/P 144A 04.8750 07/15/2027 0.01%
CLEAR CHANNEL WORLD P/P 144A 09.2500 02/15/2024 0.01%
COMCAST CORP 03.1500 03/01/2026 0.01%
COMMSCOPE TECH LLC P/P 144A 05.0000 03/15/2027 0.01%
COMSTOCK RESOURCES 09.7500 08/15/2026 0.01%
CROWN CASTLE INTL CORP 04.8750 04/15/2022 0.01%
DAIWA SECURITIES GROUP INC 0.01%
ENERGY TRANSFER OPERATNG 06.1250 12/15/2045 0.01%
FIRST DATA CORP P/P 144A 05.3750 08/15/2023 0.01%
FISERV INC 03.5000 07/01/2029 0.01%
FORD MOTOR CO 0.01%
FREEDOM MTGE CORP P/P 144A 08.1250 11/15/2024 0.01%
FREEDOM MTGE CORP P/P 144A 08.2500 04/15/2025 0.01%
GMAC CAPITAL TRUST I PCT 08.3030 0.01%
GNMA GN30 635061 04.0000 03/15/2046 0.01%
GOEASY LTD P/P 144A 07.8750 11/01/2022 0.01%
GOLDMAN SACHS GROUP INC 06.7500 10/01/2037 0.01%
HANESBRANDS INC P/P 144A 04.6250 05/15/2024 0.01%
HONEYWELL INTL 03.8120 11/21/2047 0.01%
ICAHN ENTER/FIN 06.7500 02/01/2024 0.01%
ICAHN ENTERPRISES/FI 05.8750 02/01/2022 0.01%
INTERNATIONAL LEASE FIN CORP 05.8750 08/15/2022 0.01%
JAGUAR HL / PPDI P/P 144A 06.3750 08/01/2023 0.01%
JPMCC 2012-LC9 D P/P 144A 04.5291 12/15/2047 0.01%
JPMORGAN CHASE & CO 06.1000 02/01/2049 0.01%
KEURIG DR PEPPER INC 04.4170 05/25/2025 0.01%
KINDER MORGAN ENER PART 03.4500 02/15/2023 0.01%
KKR GROUP FIN CO III P/P 144A 05.1250 06/01/2044 0.01%
MATTAMY GROUP CORP P/P 144A 06.8750 12/15/2023 0.01%
MERCER INTL INC USD 06.5000 02/01/2024 0.01%
MET LIFE GLOB FUND P/P 144A 03.0000 01/10/2023 0.01%
MGM RESORTS INTL 06.6250 12/15/2021 0.01%
MSBAM 2014-C17 XA IO 01.2783 08/15/2047 0.01%
MSRR 2015-R4 CB1 03.2533 08/26/2047 0.01%
PENN NATIONAL GAMING P/P 144A 05.6250 01/15/2027 0.01%
PENSKE AUTO GRP INC 05.7500 10/01/2022 0.01%
PETROLEOS MEXICANOS USD 04.8750 01/18/2024 0.01%
PPL CAPITAL FUNDING INC 04.2000 06/15/2022 0.01%
PROVINCIA DE CORDOBA P/P 144A 07.1250 06/10/2021 0.01%
PRUDENTIAL FINANCIAL INC 05.6250 06/15/2043 0.01%
QORVO INC 0.01%
QORVO INC 05.5000 07/15/2026 0.01%
RESIDEO FUNDING INC P/P 144A 06.1250 11/01/2026 0.01%
SABINE PASS LIQUEFAC 05.7500 05/15/2024 0.01%
SIRIUS XM RADIO INC P/P 144A 06.0000 07/15/2024 0.01%
SS&C TECH INC P/P 144A 05.5000 09/30/2027 0.01%
STACR 2015-HQ2 M2 04.3544 05/25/2025 0.01%
SWEDISH MATCH AB 0.01%
TENET HEALTHCARE 06.0000 10/01/2020 0.01%
TRANSOCEAN PONTUS LT P/P 144A 06.1250 08/01/2025 0.01%
WFRBS 2012-C10 XA IO P/P 144A 01.7032 12/15/2045 0.01%
WOLVERINE WORLD WIDE P/P 144A 05.0000 09/01/2026 0.01%
WPX ENERGY INC 08.2500 08/01/2023 0.01%
ABC SUPPLY CO INC P/P 144A 05.7500 12/15/2023 0.00%
ALLEGHENY TECHNOLOGIES 05.9500 01/15/2021 0.00%
ALLIANT HOLD / CO-IS P/P 144A 08.2500 08/01/2023 0.00%
ASCEND LEARNING LLC P/P 144A 06.8750 08/01/2025 0.00%
AT&T INC 04.3500 03/01/2029 0.00%
AVAYA HOLDINGS CORP 0.00%
BUILDERS FIRSTSOURCE P/P 144A 05.6250 09/01/2024 0.00%
CALIFORNIA RESOURC TL L+475 07.1524 12/31/2022 0.00%
CALPINE CORP P/P 144A 05.2500 06/01/2026 0.00%
CAS 2015-C02 1M2 06.4044 05/25/2025 0.00%
CHEMOURS CO 06.6250 05/15/2023 0.00%
CHS/COMMUNITY HEALT P/P 144A 08.1250 06/30/2024 0.00%
CON EDISON CO OF NY INC 04.2000 03/15/2042 0.00%
CONCHO RESOURCES INC 03.7500 10/01/2027 0.00%
CROWN AMER/CAP 04.7500 02/01/2026 0.00%
CSC HOLDINGS LLC 06.7500 11/15/2021 0.00%
CVS PASS-THROUGH P/P 144A 04.7040 01/10/2036 0.00%
CWALT 2005-27 1A1 02.5847 08/25/2035 0.00%
CWALT 2006-24CB A13 02.7544 08/01/2036 0.00%
DRESDNER FDG TRST I P/P 144A 08.1510 06/30/2031 0.00%
ENSCO ROWAN PLC USD 07.7500 02/01/2026 0.00%
EP ENER/EVEREST ACQ P/P 144A 07.7500 05/15/2026 0.00%
EQUINOR ASA USD 05.1000 08/17/2040 0.00%
FIFTH THIRD BANCORP 05.1000 12/29/2049 0.00%
FOX CORP - CLASS B 0.00%
GARTNER INC P/P 144A 05.1250 04/01/2025 0.00%
GENERAL DYNAMICS CORP 03.6000 11/15/2042 0.00%
GENERAL MOTORS FINL CO 04.3000 07/13/2025 0.00%
GLP CAPITAL LP / FIN II 05.3750 04/15/2026 0.00%
HSBC USA INC 03.5000 06/23/2024 0.00%
ICAHN ENTERPRISES/FI 06.2500 02/01/2022 0.00%
IHEARTCOMMUNICATIONS INC 06.3750 05/01/2026 0.00%
JELD-WEN INC P/P 144A 04.6250 12/15/2025 0.00%
JELD-WEN INC P/P 144A 04.8750 12/15/2027 0.00%
KANSAI ELECTRIC POWER CO INC 0.00%
KFC HLD/PIZZA HUT/TA P/P 144A 04.7500 06/01/2027 0.00%
KRATON POLYMERS LLC/ P/P 144A 07.0000 04/15/2025 0.00%
LIBERTY MEDIA COR-SIRIUSXM C 0.00%
LIVE NATION ENT P/P 144A 04.8750 11/01/2024 0.00%
MEG ENERGY CORP P/P 144A 06.5000 01/15/2025 0.00%
MERCK & CO INC 02.9000 03/07/2024 0.00%
MOLINA HEALTHCARE IN 05.3750 11/15/2022 0.00%
MSAC 2004-HE6 M1 03.2294 08/25/2034 0.00%
NEIMAN MARCUS TL L+600 08.4209 10/25/2023 0.00%
NETFLIX INC P/P 144A 06.3750 05/15/2029 0.00%
NEUBERGER BERMAN GRP P/P 144A 04.8750 04/15/2045 0.00%
NIELSEN CO LUXEM P/P 144A 05.0000 02/01/2025 0.00%
NN GROUP NV 0.00%
NOK/USD 09/18/2019 BCAP-FX 0.00%
OASIS PETROLEUM INC 06.8750 03/15/2022 0.00%
PACKAGING CORP OF AMERIC 04.5000 11/01/2023 0.00%
PARK-OHIO INDUSTRIES INC 06.6250 04/15/2027 0.00%
PENSKE AUTOMOTIVE GROUP 05.3750 12/01/2024 0.00%
PENSKE AUTOMOTIVE GROUP 05.5000 05/15/2026 0.00%
PETROLEOS MEXICANOS USD 06.3750 01/23/2045 0.00%
PLANTRONICS INC P/P 144A 05.5000 05/31/2023 0.00%
PROVINCIA DE BUENOS P/P 144A 10.8750 01/26/2021 0.00%
PROVINCIA DE CORDOBA P/P 144A 07.1250 08/01/2027 0.00%
REVLON CONS TLB L+350 06.0469 09/07/2023 0.00%
ROBERTSHAW TL 2L L+800 10.4375 02/28/2026 0.00%
ROBERTSHAW US HOLDING L+350 06.0000 02/28/2025 0.00%
ROSE ROCK MIDSTREAM/ 05.6250 07/15/2022 0.00%
SES 0.00%
SINCLAIR TELEVISION P/P 144A 05.6250 08/01/2024 0.00%
SM ENERGY CO 06.7500 09/15/2026 0.00%
SOLERA LLC / SOLERA P/P 144A 10.5000 03/01/2024 0.00%
TENET HEALTHCARE 04.6250 07/15/2024 0.00%
THE SHERWIN-WILLIAMS COMPANY 02.7500 06/01/2022 0.00%
TRANSDIGM INC. 06.5000 07/15/2024 0.00%
TRANSOCEAN POSEIDON P/P 144A 06.8750 02/01/2027 0.00%
UNITEDHEALTH GROUP INC 02.8750 03/15/2022 0.00%
VERTIV GROUP CORP P/P 144A 09.2500 10/15/2024 0.00%
VISTRA ENERGY CORP P/P 144A 08.1250 01/30/2026 0.00%
VISTRA OPERATION P/P 144A 05.0000 07/31/2027 0.00%
VISTRA OPERATIONS CO P/P 144A 05.6250 02/15/2027 0.00%
VONOVIA SE 0.00%
WELLCARE HEALTH PLANS 05.2500 04/01/2025 0.00%
WFCM 2016-LC25 XA IO 01.1524 12/15/2059 0.00%
ZIGGO BV P/P 144A 05.5000 01/15/2027 0.00%
AES CORP/THE 04.5000 03/15/2023 0.00%
ALLERGAN FUNDING SCS USD 03.4500 03/15/2022 0.00%
ALLY FINANCIAL INC 08.0000 03/15/2020 0.00%
AMC ENTERTAINMENT HLDGS 05.7500 06/15/2025 0.00%
ANTERO RESOURCES 05.3750 11/01/2021 0.00%
ASCENT RESOURCES/AR P/P 144A 07.0000 11/01/2026 0.00%
AUTOMATION TOOLING S P/P 144A 06.5000 06/15/2023 0.00%
AZRIELI GROUP LTD 0.00%
BANK OF AMERICA CORP 02.1510 11/09/2020 0.00%
BANK OF MONTREAL USD 03.8030 12/15/2032 0.00%
BAUSCH HLTH COS INC P/P 144A 07.0000 01/15/2028 0.00%
BAYTEX ENERGY CORP P/P 144A 05.6250 06/01/2024 0.00%
BERKSHIRE HATHAWAY FIN 04.3000 05/15/2043 0.00%
BERRY GLOBAL ESCR P/P 144A 05.6250 07/15/2027 0.00%
BMW US CAPITAL LLC P/P 144A 02.8000 04/11/2026 0.00%
BMW US CAPITAL LLC P/P 144A 03.4000 08/13/2021 0.00%
BOEING CAPITAL CORPORATION 04.7000 10/27/2019 0.00%
BOMBARDIER INC P/P 144A 08.7500 12/01/2021 0.00%
BOYD GAMING CORPORATION 06.0000 08/15/2026 0.00%
BOYD GAMING CORPORATION 06.8750 05/15/2023 0.00%
BROADRIDGE FINANCIAL SOLUTIO 0.00%
CALIFORNIA RESOURCES P/P 144A 08.0000 12/15/2022 0.00%
CAPRI HOLDINGS LTD 0.00%
CAS 2019-R02 1M2 04.7044 08/25/2031 0.00%
CBS OUT AMER CAP LLC 05.8750 03/15/2025 0.00%
CELANESE US HOLDINGS LLC 04.6250 11/15/2022 0.00%
CENTENE ESCROW I CO P/P 144A 05.3750 06/01/2026 0.00%
CHARTER COMM OPT LLC 05.3750 05/01/2047 0.00%
CHEMOURS CO 05.3750 05/15/2027 0.00%
CHF/USD 09/18/2019 BCAP-FX 0.00%
CHS/COMMUNITY HEALTH P/P 144A 08.0000 03/15/2026 0.00%
CINEMARK USA INC 05.1250 12/15/2022 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CS 0.00%
COMCAST CORP 02.3500 01/15/2027 0.00%
COMMSCOPE INC P/P 144A 06.0000 03/01/2026 0.00%
CREDIT ACCEPTANC P/P 144A 06.6250 03/15/2026 0.00%
DIGICEL LTD P/P 144A 06.7500 03/01/2023 0.00%
DISH NETWORK CV 03.3750 08/15/2026 0.00%
ENERGY TRANSFER OPERATNG 05.5000 06/01/2027 0.00%
EUR/USD 09/18/2019 BANKAM 0.00%
FREEPORT-MCMORAN INC 05.4500 03/15/2043 0.00%
GATES GLOBAL TLB L+275 05.1524 03/31/2024 0.00%
GETLINK SE 0.00%
GNMA GII30 AY2298 04.7000 05/20/2067 0.00%
GNMA GII30 AY4779 04.5080 03/20/2067 0.00%
GNMA GII30 BA7681 04.6270 06/20/2067 0.00%
GNMA GII30 BB0107 04.7000 08/20/2067 0.00%
GNR 2012-141 WI IO 03.5000 11/20/2041 0.00%
GNR 2015-124 NI IO 03.5000 06/20/2039 0.00%
GO DADDY OPCO/FINCO P/P 144A 05.2500 12/01/2027 0.00%
HOLOGIC INC P/P 144A 04.3750 10/15/2025 0.00%
HOSPITALITY PROPERTIES T 04.5000 03/15/2025 0.00%
IHS MARKIT LTD USD 04.7500 08/01/2028 0.00%
IOS.FN30.400.10 R USL1M P 01/12/41 BC 0.00%
ISTAR INC 06.0000 04/01/2022 0.00%
ISTAR INC. 05.2500 09/15/2022 0.00%
JO-ANN STORES TL L+500 07.5915 10/16/2023 0.00%
JOSEPH T RYERSON & S P/P 144A 11.0000 05/15/2022 0.00%
LABORATORY CRP OF AMER HLDGS 0.00%
MBX.FN30.450.09 R USL1M P 01/12/40 BC 0.00%
MERCER INTL INC USD 05.5000 01/15/2026 0.00%
MGP ESCROW ISSUER/CO 05.6250 05/01/2024 0.00%
NINE ENERGY SERVICE P/P 144A 08.7500 11/01/2023 0.00%
NOBLE HLDG INTL LTD P/P 144A 07.8750 02/01/2026 0.00%
NOK/USD 09/18/2019 SSBT 0.00%
NRG ENERGY INC 05.7500 01/15/2028 0.00%
P/P 144A 06.8750 08/15/2026 0.00%
PENSKE TRUCK LE P/P 144A 03.4000 11/15/2026 0.00%
POMEGRANATE MERGER S P/P 144A 09.7500 05/01/2023 0.00%
QVC INC 04.4500 02/15/2025 0.00%
REPUBLIC OF VENEZUELA REGS 09.0000 05/07/2023 0.00%
SESI LLC 07.1250 12/15/2021 0.00%
SHELL INTERNATIONAL FIN USD 02.1250 05/11/2020 0.00%
SM ENERGY CO 06.1250 11/15/2022 0.00%
SPRINGLEAF FINANCE CORP 06.6250 01/15/2028 0.00%
SPRINGLEAF FINANCE CORP 07.1250 03/15/2026 0.00%
SPRINT SPECTRUM P/P 144A 03.3600 09/20/2021 0.00%
STACR 2019-DNA1 M2 05.0544 01/25/2049 0.00%
STERIGENICS-NORDION P/P 144A 06.5000 05/15/2023 0.00%
T-MOBILE USA INC 04.5000 02/01/2026 0.00%
TARGA RESOURCES PART P/P 144A 06.5000 07/15/2027 0.00%
TENET HEALTHCARE P/P 144A 06.2500 02/01/2027 0.00%
THE HARTFORD FINANCIAL SERVIC 05.1250 04/15/2022 0.00%
TRIBUNE MEDIA CO 05.8750 07/15/2022 0.00%
VERMILION ENERGY INC P/P 144A 05.6250 03/15/2025 0.00%
VMWARE INC 03.9000 08/21/2027 0.00%
WHITING PETROLEUM CORP 06.6250 01/15/2026 0.00%
1011778 BC / NEW RED P/P 144A 04.6250 01/15/2022 0.00%
AMC ENTERTAINMENT HLDGS 06.1250 05/15/2027 0.00%
BANK OF AMERICA CORP 06.5000 10/29/2049 0.00%
BAUSCH HLTH COS INC P/P 144A 05.5000 11/01/2025 0.00%
BAUSCH HLTH COS INC P/P 144A 05.7500 08/15/2027 0.00%
BAUSCH HLTH COS INC P/P 144A 06.5000 03/15/2022 0.00%
BERRY GLOBAL INC 05.5000 05/15/2022 0.00%
BOYD GAMING CORP 06.3750 04/01/2026 0.00%
CAD/USD 07/17/2019 BANKAM 0.00%
CALIFORNIA RESOURCES 05.0000 01/15/2020 0.00%
CANADIAN UTILITIES LTD-A 0.00%
CAS 2015-C02 2M2 06.4044 05/25/2025 0.00%
CHESAPEAKE ENERGY CORP 08.0000 06/15/2027 0.00%
CHF/USD 09/18/2019 JPMCB 0.00%
CIT GROUP INC 05.0000 08/01/2023 0.00%
CIT GROUP INC. 05.0000 08/15/2022 0.00%
CLEAN HARBORS INC P/P 144A 05.1250 07/15/2029 0.00%
COMCAST CORP 03.9990 11/01/2049 0.00%
COMMSCOPE INC P/P 144A 05.5000 03/01/2024 0.00%
CPG INTL TL L+375 05.9332 05/05/2024 0.00%
CPG MERGER SUB LLC P/P 144A 08.0000 10/01/2021 0.00%
CREDIT ACCEPTANC 07.3750 03/15/2023 0.00%
DENBURY RESOURCES P/P 144A 07.7500 02/15/2024 0.00%
ELDORADO RESORTS INC 07.0000 08/01/2023 0.00%
ENERGIZER HLDG INC P/P 144A 06.3750 07/15/2026 0.00%
EQUINIX INC 05.8750 01/15/2026 0.00%
FHR 3072 SM 04.2533 11/15/2035 0.00%
FRAC TECH INTL TLB L+475 06.0000 04/16/2021 0.00%
GENERAL DYNAMICS CORP 02.2500 11/15/2022 0.00%
GNR 2010-9 UI IO 05.0000 01/20/2040 0.00%
H LUNDBECK A/S 0.00%
ICAHN ENTER/FIN P/P 144A 06.2500 05/15/2026 0.00%
INTERCONTINENTAL EXCHANGE IN 0.00%
KYUSHU RAILWAY COMPANY 0.00%
LENNAR CORP 05.8750 11/15/2024 0.00%
MALLINCKRODT FIN/SB P/P 144A 05.5000 04/15/2025 0.00%
MATTAMY GROUP CORP P/P 144A 06.5000 10/01/2025 0.00%
MEG ENERGY CORP P/P 144A 06.3750 01/30/2023 0.00%
MGM GROWTH/MGM FINANCE 04.5000 01/15/2028 0.00%
MICROSOFT CORP 02.4000 02/06/2022 0.00%
MICROSOFT CORP 05.3000 02/08/2041 0.00%
MITSUBISHI GAS CHEMICAL CO 0.00%
NEXSTAR ESCROW INC P/P 144A 05.6250 07/15/2027 0.00%
NOBLE HOLDING INTL LTD USD 07.7500 01/15/2024 0.00%
NUTRIEN LTD USD 05.2500 01/15/2045 0.00%
OASIS PETROLEUM INC 06.8750 01/15/2023 0.00%
ONO PHARMACEUTICAL CO LTD 0.00%
PETROLEOS DE VEN P/P 144A 06.0000 11/15/2026 0.00%
PUBLIC SERVICE ELECTRIC 05.5000 03/01/2040 0.00%
RAYTHEON COMPANY 04.8750 10/15/2040 0.00%
REGENCY ENERGY P 04.5000 11/01/2023 0.00%
RENAISSANCERE HOLDINGS LTD 0.00%
REPSOL SA 0.00%
SASC 2006-AM1 A4 02.5644 04/25/2036 0.00%
SM ENERGY CO 05.0000 01/15/2024 0.00%
SM ENERGY CO 06.6250 01/15/2027 0.00%
SPECTRUM BRANDS INC 06.1250 12/15/2024 0.00%
SPRINT COMMUNICATIONS INC. 07.0000 08/15/2020 0.00%
STEEL DYNAMICS INC 05.0000 12/15/2026 0.00%
SUBARU CORP 0.00%
T-MOBILE USA INC 06.3750 03/01/2025 0.00%
T-MOBILE USA INC. 04.0000 04/15/2022 0.00%
TARGA RESOURCES PART P/P 144A 06.8750 01/15/2029 0.00%
TECK RESOURCES LIMITED USD 03.7500 02/01/2023 0.00%
TRANSOCEAN INC 07.5000 04/15/2031 0.00%
TRONOX FINANCE PLC P/P 144A 05.7500 10/01/2025 0.00%
TWDC ENTERPRISES 18 CORP 02.7500 08/16/2021 0.00%
USA COM PART/USA COM P/P 144A 06.8750 09/01/2027 0.00%
VERTIV INT HOLD CORP P/P 144A 12.0000 02/15/2022 0.00%
WELLCARE HLTH PLANS P/P 144A 05.3750 08/15/2026 0.00%
WMG ACQUISITION CORP P/P 144A 05.5000 04/15/2026 0.00%
ABC SUPPLY CO INC P/P 144A 05.8750 05/15/2026 0.00%
AKER BP ASA P/P 144A 05.8750 03/31/2025 0.00%
ANTERO RESOURCES COR 05.6250 06/01/2023 0.00%
ANTERO RESOURCES CORP 05.0000 03/01/2025 0.00%
APACHE CORPORATION 03.2500 04/15/2022 0.00%
APPLE INC 02.8500 05/06/2021 0.00%
ARCELORMITTAL USD 06.1250 06/01/2025 0.00%
BERRY GLOBAL INC P/P 144A 04.5000 02/15/2026 0.00%
BUILDERS FIRSTSOURCE P/P 144A 06.7500 06/01/2027 0.00%
CABLEVISION SYS CORP 08.0000 04/15/2020 0.00%
CAS 2016-C06 1M2 06.6544 04/25/2029 0.00%
CBS CORP 04.0000 01/15/2026 0.00%
CBS OUT AMER CAP LLC 05.6250 02/15/2024 0.00%
CHEVRON CORP 02.1000 05/16/2021 0.00%
CINEMARK USA INC 04.8750 06/01/2023 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%
COMCAST CORP 06.5000 11/15/2035 0.00%
CONTINENTAL RESOURCES 05.0000 09/15/2022 0.00%
DELTA AIR LINES 2009 1A 07.7500 12/17/2019 0.00%
EAGLE HLDG CO II LLC P/P 144A 07.7500 05/15/2022 0.00%
ELDORADO RESORTS INC 06.0000 09/15/2026 0.00%
EOG RESOURCES INC 04.1500 01/15/2026 0.00%
FEDEX CORP 02.6250 08/01/2022 0.00%
FHR 2990 LB 10.8262 06/15/2034 0.00%
FHR 3065 DC 12.6773 03/15/2035 0.00%
FIDELITY NATIONAL INFORM 03.0000 08/15/2026 0.00%
FNMA FN30 971053 04.5000 02/01/2039 0.00%
FNR 2007-53 SP 15.3839 06/25/2037 0.00%
GENERAL MOTORS FINL CO 04.0000 01/15/2025 0.00%
GENON 939CER907 0.00%
HCA INC. 07.5000 02/15/2022 0.00%
IAA INC P/P 144A 05.5000 06/15/2027 0.00%
IHEARTMEDIA TL L+400 06.5790 05/01/2026 0.00%
IHS MARKIT LTD P/P 144A 04.0000 03/01/2026 0.00%
INCEPTION MRGR/RACK P/P 144A 08.6250 11/15/2024 0.00%
IOS.FN30.400.09 R USL1M P 01/12/40 GS 0.00%
IRON MOUNTAIN INC P/P 144A 05.2500 03/15/2028 0.00%
JPY/USD 08/21/2019 JPMCB 0.00%
LAMB WESTON HOLDINGS P/P 144A 04.6250 11/01/2024 0.00%
MERCER INTL INC USD 07.7500 12/01/2022 0.00%
MERCER INTL INC P/P 144A 07.3750 01/15/2025 0.00%
MERCK & CO INC 01.8500 02/10/2020 0.00%
MOLINA HEALTHCARE IN P/P 144A 04.8750 06/15/2025 0.00%
NATIONSTAR MTG P/P 144A 09.1250 07/15/2026 0.00%
NEW GOLD INC P/P 144A 06.2500 11/15/2022 0.00%
ONCOR ELECTRIC DELIVERY 05.3000 06/01/2042 0.00%
PANTHER BF AGGREGA P/P 144A 06.2500 05/15/2026 0.00%
PETROBRAS GLOBAL FIN USD 05.2990 01/27/2025 0.00%
QUEBECOR MEDIA INC USD 05.7500 01/15/2023 0.00%
RACKSPACE HOSTING INC L+300 05.5755 11/03/2023 0.00%
REALOGY GRP / CO P/P 144A 09.3750 04/01/2027 0.00%
SESI LLC 07.7500 09/15/2024 0.00%
T-MOBILE USA INC 05.3750 04/15/2027 0.00%
T-MOBILE USA INC 06.0000 03/01/2023 0.00%
THE AES CORPORATION 04.8750 05/15/2023 0.00%
TOWNSQUARE MEDIA INC P/P 144A 06.5000 04/01/2023 0.00%
WPX ENERGY INC 06.0000 01/15/2022 0.00%
2.25 R ISWP FWD US0003M P 09/18/2049 0.00%
AIR LEASE CORP 02.5000 03/01/2021 0.00%
AUD/USD 07/17/2019 WPAC 0.00%
BP CAP MARKETS AMERICA 03.9370 09/21/2028 0.00%
BSCMS 2006-PW11 C P/P 144A 05.8095 03/11/2039 0.00%
CALPINE CORP P/P 144A 05.8750 01/15/2024 0.00%
CLEAR CHANNEL OUTDOOR HOLDIN 0.00%
CLEVELAND-CLIFFS INC 05.7500 03/01/2025 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 MS 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CG 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CS 0.00%
COLORADO INTERSTATE GAS CO 06.8500 06/15/2037 0.00%
CROWN CASTLE INTL CORP 04.4500 02/15/2026 0.00%
CSMC 2007-C1 AX IO P/P 144A 00.6539 02/15/2040 0.00%
ENERGIZER HLDG INC P/P 144A 07.7500 01/15/2027 0.00%
EUR/USD 09/18/2019 GSFX 0.00%
EUR/USD 09/18/2019 SSBT 0.00%
FHR 3249 PS 14.3740 12/15/2036 0.00%
FNR 2005-75 GS 13.0369 08/25/2035 0.00%
FNR 2006-62 PS 25.4737 07/25/2036 0.00%
FNR 2006-8 HP 15.7506 03/25/2036 0.00%
GBP/USD 09/18/2019 BANKAM 0.00%
GENON ENERGY/NRG AMER 09.0438 12/01/2023 0.00%
GNMA GII30 BJ9611 04.5000 05/20/2049 0.00%
GNMA GII30 BN1506 04.5000 05/20/2049 0.00%
GNMA GII30 BN1509 05.0000 05/20/2049 0.00%
GNMA GII30 BN2618 04.5000 05/20/2049 0.00%
GNR 2010-9 QI IO 04.5000 01/20/2040 0.00%
GSMS 2012-GC6 D P/P 144A 05.8398 01/10/2045 0.00%
IHEARTMEDIA INC - CLASS A 0.00%
INR/USD 11/20/2019 GSFX 0.00%
IOS.FN30.350.14 R USL1M P 01/12/45 CS 0.00%
IOS.FN30.400.11 R USL1M P 01/12/42 GS 0.00%
IOS.FN30.400.11 R USL1M P 01/12/42 GS 0.00%
JPY/USD 08/21/2019 BANKAM 0.00%
JPY/USD 08/21/2019 CITI 0.00%
KRW/USD 08/21/2019 JPMCB 0.00%
LBUBS 2006-C6 XCL IO P/P 144A 00.7745 09/15/2039 0.00%
MEG ENERGY CORP P/P 144A 07.0000 03/31/2024 0.00%
METHANEX CORP USD 03.2500 12/15/2019 0.00%
MSC 2007-HQ11 C 05.5580 02/12/2044 0.00%
NABORS INDUSTRIES INC. 05.5000 01/15/2023 0.00%
NOK/USD 09/18/2019 RBSF 0.00%
ORACLE CORP 02.5000 05/15/2022 0.00%
PPL CAPITAL FUNDING INC 03.4000 06/01/2023 0.00%
ROSE ROCK MIDSTREAM/ 05.6250 11/15/2023 0.00%
SGD/USD 08/21/2019 JPMCB 0.00%
STANDARD IND INC P/P 144A 04.7500 01/15/2028 0.00%
STEEL DYNAMICS INC 04.1250 09/15/2025 0.00%
STEEL DYNAMICS INC 05.2500 04/15/2023 0.00%
TOLEDO EDISON COMPANY 07.2500 05/01/2020 0.00%
TRANSDIGM INC 06.5000 05/15/2025 0.00%
WALGREENS BOOTS ALLIANCE 03.4500 06/01/2026 0.00%
WILLIAMS COS INC 07.7500 06/15/2031 0.00%
1.70 R ISWP FWD US0003M P 09/18/2021 0.00%
ADVANZ PHARMA CORP 0.00%
ALTRIA GROUP INC. 09.2500 08/06/2019 0.00%
AUD/USD 07/17/2019 JPMCB 0.00%
AVAYA INC ESCROW P/P 144A 07.0000 04/01/2020 0.00%
BACM 2004-5 XC IO P/P 144A 00.5972 11/10/2041 0.00%
BACM 2005-1 XW IO P/P 144A 00.0000 11/10/2042 0.00%
BACM 2007-1 XW IO 00.4020 01/15/2049 0.00%
BACM 2007-5 XW IO P/P 144A 00.0000 02/10/2051 0.00%
BERKSHIRE HATHAWAY ENERG 06.1250 04/01/2036 0.00%
BRL/USD 10/02/2019 CITI 0.00%
BSCMS 04-PR3I X1 IO 00.0000 02/11/2041 0.00%
BSCMS 06-PW14 X1 IO P/P 144A 00.5010 12/11/2038 0.00%
CD 2007-CD4 XW IO P/P 144A 00.7284 12/11/2049 0.00%
CGCMT 2006-C5 XC IO P/P 144A 00.7231 10/15/2049 0.00%
CHESAPEAKE ENERGY CORP 05.7500 03/15/2023 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CG 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CG 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CG 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 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 ML 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 MS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 MS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 MS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 MS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 MS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 MS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 MS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 MS 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 CG 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.10 2059-11-17 500.0 11/17/2059 CG 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 CG 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 CS 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 CS 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 CS 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 ML 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 ML 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 MS 0.00%
CMB CMBX.NA.BB.11 2054-11-18 500.0 11/18/2054 CG 0.00%
CMB CMBX.NA.BB.11 2054-11-18 500.0 11/18/2054 JP 0.00%
CMB CMBX.NA.BB.11 2054-11-18 500.0 11/18/2054 JP 0.00%
CMB CMBX.NA.BB.11 2054-11-18 500.0 11/18/2054 JP 0.00%
CMB CMBX.NA.BB.11 2054-11-18 500.0 11/18/2054 MS 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CG 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 GS 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.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 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 MS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 MS 0.00%
CMB CMBX.NA.BB.8 2057-10-17 500.0 10/17/2057 CS 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CG 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CG 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CG 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CG 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CG 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CG 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CS 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CS 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CS 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CS 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 GS 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 GS 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 GS 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 ML 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 ML 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 MS 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 MS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 BA 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 BA 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 BA 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CG 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 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 ML 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 MS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 MS 0.00%
CMB CMBX.NA.BBB-.7 2047-01-17 300.0 01/17/2047 CS 0.00%
CMB CMBX.NA.BBB-.7 2047-01-17 300.0 01/17/2047 GS 0.00%
CMB CMBX.NA.BBB-.7 2047-01-17 300.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BBB-.7 2047-01-17 300.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BBB-.7 2047-01-17 300.0 01/17/2047 MS 0.00%
COMM 2006-C8 XS IO P/P 144A 00.6983 12/10/2046 0.00%
CSFB 2003-C3 AX IO P/P 144A 02.2137 05/15/2038 0.00%
CSMC 2007-C2 AX IO P/P 144A 00.0484 01/15/2049 0.00%
CVS PASS-THROUGH TRUST 06.0360 12/10/2028 0.00%
EL PASO NATURAL GAS 08.3750 06/15/2032 0.00%
ESC CHESAPEAKEOILFIELD 06.6250 11/15/2019 0.00%
ESC SEVENTYSEVENERG 06.5000 07/15/2022 0.00%
EUR/USD 09/18/2019 CITI 0.00%
EUR/USD 09/18/2019 CSI-FX 0.00%
EUR/USD 09/18/2019 JPMCB 0.00%
FHR 1208 F PO 00.0000 02/15/2022 0.00%
FHR 3326 WF 00.0000 10/15/2035 0.00%
FNMA FN30 935058 04.5000 04/01/2039 0.00%
FNR 2001-50 BI IO 00.3801 10/25/2041 0.00%
FNR 2001-79 BI IO 00.2831 03/25/2045 0.00%
FNR 2003-34 P1 PO 00.0000 04/25/2043 0.00%
FNW 2002-W8 IO1 IO 00.3059 06/25/2042 0.00%
GBP/USD 09/18/2019 SSBT 0.00%
GECMC 2007-C1 XC IO P/P 144A 00.2697 12/10/2049 0.00%
GLOBAL FASHION GRP P/P 0.00%
GNR 2018-127 IB IO 04.5000 06/20/2045 0.00%
HC BRILLANT SERVICES GMBH P/P 0.00%
IDR/USD 11/20/2019 HSBCB 0.00%
INR/USD 11/20/2019 RBSF 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.FN30.400.11 R USL1M P 01/12/42 BC 0.00%
IOS.FN30.600.08 R USL1M P 01/12/39 GS 0.00%
IOS.FN30.650.67 R USL1M P 01/12/38 BC 0.00%
IOS.FN30.650.67 R USL1M P 01/12/38 GS 0.00%
JPMCC 05-CB12 X1 IO P/P 144A 00.5133 09/12/2037 0.00%
JPMCC 2006-CB17 X IO 00.8577 12/12/2043 0.00%
JPMCC 2006-LDP8 X IO 00.2853 05/15/2045 0.00%
JPMCC 2007-LDPX X IO 00.3240 01/15/2049 0.00%
KEANE GROUP TLB L+375 06.3125 05/25/2025 0.00%
KRW/USD 11/20/2019 GSFX 0.00%
KRW/USD 11/20/2019 HSBCB 0.00%
LBUBS 2005-C5 XCL IO P/P 144A 0.09 3 09/15/2040 0.00%
LBUBS 2005-C7 XCL IO P/P 144A 00.5069 11/15/2040 0.00%
LBUBS 2007-C2 XW IO 00.4815 02/15/2040 0.00%
MBX.FN30.650.67 P USL1M R 01/12/38 GS 0.00%
MEZZ 2005-C3 X IO P/P 144A 07.1366 05/15/2044 0.00%
MEZZ 2006-C4 X IO P/P 144A 06.5270 07/15/2045 0.00%
MLMT 2004-KEY2 XC IO P/P 144A 01.0098 08/12/2039 0.00%
MLMT 2005-MCP1 XC IO P/P 144A 00.0012 06/12/2043 0.00%
MWO HOLDINGS LLC 0.00%
MXN/USD 10/16/2019 BANKAM 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
NINE POINT ENERGY CNV PRF 0.00%
NINE POINT ENERGY COM 0.00%
NOK/USD 09/18/2019 CITI 0.00%
NZD/USD 07/17/2019 SSBT 0.00%
RUB/USD 09/18/2019 GSFX 0.00%
SEK/USD 09/18/2019 JPMCB 0.00%
SEK/USD 09/18/2019 RBSF 0.00%
SPEC BRNDS ESCROW CO 06.6250 11/15/2022 0.00%
TERVITA CORP 0.00%
TEXAS COHLD TCEH ESCROW 11.5000 10/01/2020 0.00%
TRANSOCEAN INC P/P 144A 09.0000 07/15/2023 0.00%
TWD/USD 08/21/2019 GSFX 0.00%
TWD/USD 08/21/2019 RBSF 0.00%
TXU TCEH RIGHTS 0.00%
WBCMT 2006-C29 IO IO 00.4775 11/15/2048 0.00%
WBCMT 2007-C34 IO IO 00.1233 05/15/2046 0.00%
AUD/USD 07/17/2019 SSBT -0.00%
CAD/USD 07/17/2019 CITI -0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 MS -0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 MS -0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 CG -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 JP -0.00%
DKK/USD 09/18/2019 CITI -0.00%
HKD/USD 08/21/2019 BCAP-FX -0.00%
IOS.FN30.400.11 P USL1M R 01/12/42 JP -0.00%
IOS.FN30.500.10 P USL1M R 01/12/41 BC -0.00%
MBX.FN30.600.08 P USL1M R 01/12/39 BC -0.00%
MBX.FN30.650.67 P USL1M R 01/12/38 GS -0.00%
NZD/USD 07/17/2019 BCAP-FX -0.00%
1.80 R ISWP FWD US0003M P 09/18/2024 -0.00%
AUD/JPY PUT 69.00 20190917 HSBCB -0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CG -0.00%
EUR/USD 09/18/2019 BCAP-FX -0.00%
EUR/USD 09/18/2019 RBSF -0.00%
EUR/USD 09/18/2019 UBS -0.00%
JPY/USD 08/21/2019 HSBCB -0.00%
NZD/USD 07/17/2019 CITI -0.00%
SEK/USD 09/18/2019 UBS -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%
JPY/USD 08/21/2019 RBSF -0.00%
SEK/USD 09/18/2019 GSFX -0.00%
SEK/USD 09/18/2019 SSBT -0.00%
CAD/USD 07/17/2019 BCAP-FX -0.00%
CNH/USD 08/21/2019 HSBCB -0.00%
IOS.FN30.400.10 P USL1M R 01/12/41 JP -0.00%
NOK/USD 09/18/2019 JPMCB -0.00%
AUD/USD 07/17/2019 BANKAM -0.00%
CAD/USD 07/17/2019 JPMCB -0.00%
JPY/USD 08/21/2019 UBS -0.00%
NZD/USD 07/17/2019 GSFX -0.00%
NZD/USD 07/17/2019 JPMCB -0.00%
AUD/USD 07/17/2019 CITI -0.01%
AUD/USD 07/17/2019 HSBCB -0.01%
AUD/USD 07/17/2019 RBSF -0.01%
AUD/USD 07/17/2019 UBS -0.01%
JPY/USD 08/21/2019 GSFX -0.01%
2.05 R ISWP FWD US0003M P 09/18/2029 -0.01%
MBX.FN30.650.67 P USL1M R 01/12/38 BC -0.01%
CDX CDX.NA.HY.32 500.0 06/20/2024 -0.01%
JPY/USD 08/21/2019 SSBT -0.01%
MBX.FN30.650.67 P USL1M R 01/12/38 GS -0.01%
GNMA GII30 TBA 04.0000 07/01/2049 -0.04%
FNMA FN30 TBA UMBS 03.5000 08/01/2049 -0.11%
FNMA FN30 TBA UMBS 03.0000 08/01/2049 -0.28%
RU10INTR P US0003M R 11/26/19 CI -4.47%
US 10YR NOTE (CBT)SEP19 TYU9 -8.80%

Prior top 10 holdings

Top 10 holdings as of 07/31/19
Alphabet
JPMorgan Chase
Amazon
Cisco Systems
Apple
Chevron
Microsoft
Starbucks
Verizon Communications
Citigroup
Holdings represent 12.38% of portfolio
Top 10 holdings as of 06/30/19
Alphabet
JPMorgan Chase
Amazon
Cisco Systems
Chevron
Microsoft
Apple
Verizon Communications
Boeing
Citigroup
Holdings represent 12.06% of portfolio
Top 10 holdings as of 05/31/19
Alphabet
JPMorgan Chase
Cisco Systems
Chevron
Verizon Communications
Microsoft
Apple
Amazon
Boeing
Starbucks
Holdings represent 11.69% of portfolio
Top 10 holdings as of 04/30/19
Alphabet
JPMorgan Chase
Cisco Systems
Apple
Verizon Communications
Amazon
Boeing
Chevron
Citigroup
Microsoft
Holdings represent 11.95% of portfolio

Portfolio composition as of 07/31/19

U.S. large-cap equity 51.72%
International equity 13.77%
U.S. small- and mid-cap equity 12.68%
U.S. money markets 7.77%
U.S. Investment-grade bonds 5.31%
Emerging-markets equity 5.23%
U.S. High-yield bonds 3.51%

Fixed income statistics as of 07/31/19

Average effective maturity 3.08 yrs.
Average effective duration 0.27 yrs.

Fund characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: Allocation of assets among asset classes may hurt performance. The value of investments in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund's portfolio holdings. International investing involves currency, economic, and political risks. Emerging-market securities carry illiquidity and volatility risks. Investments in small and/or midsize companies increase the risk of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Funds that invest in government securities are not guaranteed. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. 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). Default risk is generally higher for non-qualified mortgages. Interest-rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds. Unlike bonds, funds that invest in bonds have fees and expenses. The use of derivatives may increase these risks by increasing investment exposure (which may be considered leverage) or, in the case of over-the-counter instruments, because 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. You can lose money by investing in the fund.


Expenses

Expense ratio

Class A Class B Class C Class M Class R Class R5 Class R6 Class Y
Total expense ratio 1.07% 1.82% 1.82% 1.57% 1.32% 0.80% 0.70% 0.82%
What you pay 1.07% 1.82% 1.82% 1.57% 1.32% 0.80% 0.70% 0.82%

Sales charge

 Breakpoint Class A Class B Class C Class M Class R Class R5 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 R5 Class R6 Class Y
0 to 9 mts. 1.00% 5.00% 1.00% -- -- -- -- --
9 to 12 mts. 1.00% 5.00% 1.00% -- -- -- -- --
2 yrs. 0.00% 4.00% 0.00% -- -- -- -- --
3 yrs. 0.00% 3.00% 0.00% -- -- -- -- --
4 yrs. 0.00% 3.00% 0.00% -- -- -- -- --
5 yrs. 0.00% 2.00% 0.00% -- -- -- -- --
6 yrs. 0.00% 1.00% 0.00% -- -- -- -- --
7+ yrs. 0.00% 0.00% 0.00% -- -- -- -- --

Trail commissions

  Class A Class B Class C Class M Class R Class R5 Class R6 Class Y
  0.25% 0.25% 1.00% 0.65% 0.50% 0.00% 0.00% 0.00%
  NA NA 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 Russell 3000 Index is an unmanaged index of the 3,000 largest U.S. companies. The Putnam Growth Blended Benchmark is a benchmark administered by Putnam Management, comprising 60% the Russell 3000 Index, 15% the MSCI EAFE Index (ND), 15% the Bloomberg Barclays U.S. Aggregate Bond Index, 5% the JPMorgan Developed High Yield Index, and 5% the MSCI Emerging Markets Index (GD). You cannot invest directly in an index.

Consider these risks before investing: Allocation of assets among asset classes may hurt performance. The value of investments in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund's portfolio holdings. International investing involves currency, economic, and political risks. Emerging-market securities carry illiquidity and volatility risks. Investments in small and/or midsize companies increase the risk of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Funds that invest in government securities are not guaranteed. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. 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). Default risk is generally higher for non-qualified mortgages. Interest-rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds. Unlike bonds, funds that invest in bonds have fees and expenses. The use of derivatives may increase these risks by increasing investment exposure (which may be considered leverage) or, in the case of over-the-counter instruments, because 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. You can lose money by investing in the fund.