Global Income Trust (Class Y)  (PGGYX)

Seeking attractive bond investments across world markets since 1987

Global Income Trust received an  Overall Morningstar Rating  of  

Highlights

Objective

The fund seeks high current income by investing principally in debt securities of sovereign and private issuers worldwide, including supranational issuers. Preservation of capital and long-term total return are secondary objectives, but only to the extent consistent with the objective of seeking high current income.

Strategy and process

  • Worldwide opportunities: The fund's managers search for attractive income securities from a broad range of sectors in U.S. and international markets.
  • Flexible risk allocations: The fund takes a unique approach to asset allocation, dynamically establishing diversified risk expo­sures rather than sector exposures.
  • Bottom-up approach: Security selection is the primary driver of returns, with sub-sector allocations and macro strategies also serving as potential alpha generators.

Fund price

Yesterday’s close 52-week high 52-week low
Net asset value $12.19
-0.25% | $-0.03
$12.30
07/03/19
$11.42
11/27/18
Historical fund price

Fund facts as of 06/30/19

Total net assets
$225.06M
Turnover (fiscal year end)
451%
Dividend frequency (view rate)
Monthly
Number of holdings
970
Fiscal year-end
October
CUSIP / Fund code
74677Q604 / 1820
Inception date
10/04/05
Class Y  
Category
Fixed Income
Open to new investors
Ticker
PGGYX

Management team

Chief Investment Officer, Fixed Income
Portfolio Manager
Portfolio Manager
Co-Head of Fixed Income
Co-Head of Fixed Income



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 5.70% 3.49% 1.97% 5.31%
After sales charge N/A N/A N/A N/A
Bloomberg Barclays Global Aggregate Index 5.85%1.62%1.20%2.89%

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 06/30/19 2.29% -
YTD as of 07/15/19 7.06% -

Yield

Distribution rate before sales charge
as of 07/15/19
2.36%
Distribution rate after sales charge
as of 07/15/19
2.36%
30-day SEC yield with subsidy
as of 06/28/19
2.19%
30-day SEC yield without subsidy
as of 06/28/19
2.11%

Risk-adjusted performance as of 06/30/19

Sharpe ratio (3 yrs.) 0.57
Information ratio (3 yrs.) 1.03

Volatility as of 06/30/19

Standard deviation (3 yrs.) 3.78%
Beta 0.78
R-squared 0.84

Lipper rankings as of 06/30/19

Time period Rank/Funds in category Percentile ranking
1 yr. 135/198 68%
3 yrs. 39/172 23%
5 yrs. 61/157 39%
10 yrs. 17/94 18%
Lipper category: Global Income Funds

Morningstar Ratings as of 06/30/19

Time period Funds in category Morningstar Rating
Overall 192
3 yrs. 192
5 yrs. 181
10 yrs. 110
Morningstar category: World Bond

Distributions

Record/Ex dividend date 06/26/19
Payable date 06/28/19
Income $0.024
Extra income --
Short-term cap. gain --
Long-term cap. gain --

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

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

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


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Holdings

Top 10 holdings as of 06/30/19

Japan (10 Year Issue) 01.0000 09/20/2021 2.97%
Japan (10 Year Issue) 00.8000 09/20/2023 2.81%
Japan (30 Year Issue) 02.3000 03/20/2040 2.38%
Japan (20 Year Issue) 02.3000 06/20/2027 1.84%
European Investment Bank Gbp 05.6250 06/07/2032 1.61%
Japan (20 Year Issue) 02.2000 03/20/2031 1.39%
Gnma Gii30 Tba 04.5000 07/01/2049 1.39%
Fnma Fn30 Tba Umbs 04.0000 08/01/2049 1.38%
Japan (40 Year Issue) 02.2000 03/20/2051 1.37%
Uk Tsy 4 2060 Regs 04.0000 01/22/2060 1.18%
Top 10 holdings, percent of portfolio 18.32%

Full portfolio holdings as of 03/31/19

JAPAN (10 YEAR ISSUE) 01.0000 09/20/2021 2.95%
JAPAN (10 YEAR ISSUE) 00.8000 09/20/2023 2.78%
FNMA FN30 TBA 04.0000 04/01/2049 2.33%
JAPAN (30 YEAR ISSUE) 02.3000 03/20/2040 2.32%
JAPAN (20 YEAR ISSUE) 02.3000 06/20/2027 1.84%
BUONI POLIENNALI DEL P/P REGS 04.7500 08/01/2023 1.78%
EUROPEAN INVESTMENT BANK GBP 05.6250 06/07/2032 1.71%
GNMA GII30 TBA 04.5000 04/01/2049 1.41%
BUONI POLIENNALI DEL TES 06.5000 11/01/2027 1.40%
JAPAN (20 YEAR ISSUE) 02.2000 03/20/2031 1.37%
JAPAN (40 YEAR ISSUE) 02.2000 03/20/2051 1.32%
UK TSY 4 2060 REGS 04.0000 01/22/2060 1.21%
JAPAN (20 YEAR ISSUE) 00.4000 03/20/2036 1.13%
GNMA GII30 TBA 04.0000 04/01/2049 0.94%
GNMA GII30 TBA 03.0000 04/01/2049 0.91%
FRANCE (GOVT OF) REGS 02.7500 10/25/2027 0.90%
BUONI POLIENNALI DEL TES 00.0500 10/15/2019 0.81%
FRANCE (GOVT OF) REGS 00.5000 05/25/2025 0.79%
FRANCE (GOVT OF) REGS 03.2500 10/25/2021 0.77%
FRANCE (GOVT OF) REGS 04.5000 04/25/2041 0.73%
UK TSY 2 3/4 2024 REGS 02.7500 09/07/2024 0.73%
JAPAN (10 YEAR ISSUE) 00.1000 03/20/2027 0.72%
DBUBS 2011-LC3A D P/P 144A 05.3390 08/10/2044 0.71%
UNITED MEXICAN STATES USD 05.5500 01/21/2045 0.64%
ONTARIO (PROVINCE OF) 04.0000 06/02/2021 0.61%
CAS 2015-C04 2M2 08.0355 04/25/2028 0.60%
SPST 2018-1 A 03.3811 04/24/2019 0.58%
JPMCC 2012-C8 D P/P 144A 04.6530 10/15/2045 0.57%
REP OF INDONESIA P/P 144A 03.3750 04/15/2023 0.57%
BUONI POLIENNALI DEL TES 02.5000 12/01/2024 0.56%
JPMCC 2012-C6 E P/P 144A 05.1568 05/15/2045 0.55%
MWST 2018-W1 A 03.3355 11/25/2051 0.55%
GOLDMAN SACHS GROUP INC 04.2230 05/01/2029 0.54%
BUONI POLIENNALI P/P REGS 04.7500 09/01/2044 0.51%
SAIL 2004-10 A10 03.3855 11/25/2034 0.51%
CFCRE 2011-C2 E P/P 144A 05.7568 12/15/2047 0.47%
GNMA GII30 TBA 03.5000 04/01/2049 0.46%
SALESFORCE.COM INC 03.7000 04/11/2028 0.45%
SPST 2018-3 A 03.1811 07/24/2019 0.45%
FIRSTENERGY TRANSMIS P/P 144A 05.4500 07/15/2044 0.43%
STACR 2016-DNA3 M3 07.4855 12/25/2028 0.43%
INTERPUBLIC GROUP COS 04.6500 10/01/2028 0.40%
AUSTRALIAN GOVERNMENT REGS 02.2500 05/21/2028 0.39%
MSBAM 2012-C5 AS 03.7920 08/15/2045 0.39%
SWEDISH GOVERNMENT 03.5000 06/01/2022 0.39%
CIT GROUP INC. 05.2500 03/07/2025 0.38%
CSAIL 2015-C1 C 04.2956 04/15/2050 0.38%
CSMC 2016-NXSR C 04.3615 12/15/2049 0.38%
ELANCO ANIMAL HEALTH P/P 144A 04.9000 08/28/2028 0.38%
FAIRFAX FINL HLDGS USD 04.8500 04/17/2028 0.38%
SPST 2018-5 A 03.1811 09/24/2019 0.38%
WFRBS 2013-C18 AS 04.3870 12/15/2046 0.38%
MASS MUTUAL LIFE P/P 144A 08.8750 06/01/2039 0.37%
PETROLEOS MEXICANOS USD 06.5000 03/13/2027 0.37%
BP CAP MARKETS AMERICA 03.9370 09/21/2028 0.36%
CF INDUSTRIES INC P/P 144A 04.5000 12/01/2026 0.36%
CITIGROUP INC 04.4500 09/29/2027 0.35%
REPUBLIC OF SOUTH AFRICA 07.7500 02/28/2023 0.35%
BELGIUM KINGDOM P/P REGS 01.0000 06/22/2026 0.34%
BPCE SA P/P 144A 04.5000 03/15/2025 0.34%
EMIR 2018-1 M1 04.1855 11/25/2028 0.34%
HELLENIC REPUBLIC REGS 03.0000 02/24/2023 0.34%
HELLENIC REPUBLIC REGS 03.0000 02/24/2029 0.34%
AIR LEASE CORP 04.6250 10/01/2028 0.33%
BELGIUM KINGDOM P/P REGS 04.2500 03/28/2041 0.33%
DIGITAL REALTY TRUST LP 04.4500 07/15/2028 0.33%
ENERGY TRANSFER OPERA 05.8750 01/15/2024 0.33%
IHS MARKIT LTD P/P 144A 04.7500 02/15/2025 0.33%
KEURIG DR PEPPER INC P/P 144A 04.5970 05/25/2028 0.33%
CGCMT 2014-GC21 AS 04.0260 05/10/2047 0.32%
FISERV INC 04.2000 10/01/2028 0.32%
MEX BONOS DESARR FIX RT 10.0000 12/05/2024 0.32%
CONCHO RESOURCES INC 03.7500 10/01/2027 0.31%
HILTON WORLDWIDE FIN LLC 04.8750 04/01/2027 0.31%
MALAYSIA GOVERNMENT 03.8990 11/16/2027 0.31%
ONTARIO (PROVINCE OF) 03.1500 06/02/2022 0.31%
WILLIAMS COMPANIES INC 04.3000 03/04/2024 0.31%
COMM 2014-CR17 C 04.8426 05/10/2047 0.30%
GSAA 2006-15 AF3A 05.8825 09/25/2036 0.30%
HELLENIC REPUBLIC REGS 03.0000 02/24/2030 0.30%
WAMU 2005-AR12 1A8 04.0163 10/25/2035 0.30%
ARGENTINE REPUBLIC USD 06.8750 01/26/2027 0.29%
DIAMOND 1 FIN/DIAM P/P 144A 06.0200 06/15/2026 0.29%
EUROPEAN INVESTMENT BANK 04.1250 04/15/2024 0.29%
MICROCHIP TECH INC P/P 144A 04.3330 06/01/2023 0.29%
PETROLEOS MEXICANOS USD 05.5000 01/21/2021 0.29%
SIRIUS XM RADIO INC P/P 144A 05.0000 08/01/2027 0.29%
SPANISH GOV'T P/P REGS 05.1500 10/31/2044 0.29%
ASHTEAD CAPITAL INC P/P 144A 04.3750 08/15/2027 0.28%
LEAR CORP 03.8000 09/15/2027 0.28%
NETHERLANDS GOV P/P REGS 00.5000 07/15/2026 0.28%
NETHERLANDS GOVT P/P REGS 02.2500 07/15/2022 0.28%
OBRIGACOES DO TESO P/P REGS 02.8750 07/21/2026 0.28%
ONTARIO (PROVINCE OF) 06.5000 03/08/2029 0.28%
ROYAL BK SCOTLND GRP PLC USD 04.8920 05/18/2029 0.28%
SWITZERLAND REGS 04.0000 04/08/2028 0.28%
TELEFONICA EMISIONES SAU USD 04.8950 03/06/2048 0.28%
UBS GROUP FUNDIN P/P 144A 04.1250 04/15/2026 0.28%
BRDCOM CRP / FIN 03.8750 01/15/2027 0.27%
HELLENIC REPUBLIC P/P REGS 04.3750 08/01/2022 0.27%
MSBAM 2014-C17 C 04.4570 08/15/2047 0.27%
SWITZERLAND REGS 02.0000 05/25/2022 0.27%
WEC ENERGY GROUP INC 04.7963 05/15/2067 0.27%
ALIMENTATION COUCHE-TARD 3.550000 07/26/2027 0.26%
AUSTRALIAN GOVERNMENT REGS 05.5000 04/21/2023 0.26%
PETROBRAS GLOBAL FINANCE USD 06.2500 03/17/2024 0.26%
WESTERN DIGITAL CORP 04.7500 02/15/2026 0.26%
BMIR 2018-2A M1B P/P 144A 03.8355 08/25/2028 0.25%
CHARTER COMM OPT LLC 06.4840 10/23/2045 0.25%
LNSTR 2015-3 C P/P 144A 03.1280 04/20/2048 0.25%
REPUBLIC OF AUSTRIA P/P REGS 00.5000 04/20/2027 0.25%
TEXAS-NEW MEXICO PR P/P 144A 09.5000 04/01/2019 0.25%
WFRBS 2013-UBS1 AS 04.3060 03/15/2046 0.25%
BECTON DICKINSON AND CO 04.6690 06/06/2047 0.24%
GSMS 2013-GC10 E P/P 144A 04.3977 02/10/2046 0.24%
OSHKOSH CORP 04.6000 05/15/2028 0.24%
POLAND GOVERNMENT BOND PLN 02.5000 01/25/2023 0.24%
SABINE PASS LIQUEF 05.0000 03/15/2027 0.24%
WESTLAKE CHEM CORP 03.6000 08/15/2026 0.24%
AMERICAN INTL GROUP 08.1750 05/15/2058 0.23%
BANK OF AMERICA CORP 06.5000 10/29/2049 0.23%
GNMA GII30 BD1731 03.5000 01/20/2048 0.23%
GNR 2016-H23 NI IO 02.2332 10/20/2066 0.23%
LAMB WESTON HOLDINGS P/P 144A 04.8750 11/01/2026 0.23%
MSBAM 2014-C18 C 04.4893 10/15/2047 0.23%
WAMU 2005-AR9 A1C3 03.4455 07/25/2045 0.23%
ZOETIS INC 03.9000 08/20/2028 0.23%
AMAZON.COM INC 04.0500 08/22/2047 0.22%
ARC PROP OPER PART L 04.6000 02/06/2024 0.22%
BELGIUM KINGDOM P/P REGS 04.2500 09/28/2022 0.22%
COX COMM INC P/P 144A 03.5000 08/15/2027 0.22%
CWALT 2006-OA7 1A2 03.3365 06/25/2046 0.22%
FEDERATIVE REP OF BRAZIL USD 04.2500 01/07/2025 0.22%
GNMA 10000 BE3158 03.5000 11/20/2047 0.22%
IRISH TSY 5.4 2025 05.4000 03/13/2025 0.22%
SWPTN 2YX13Y R 3.162 USD 11/30/2020 JP 0.22%
TRK 2019-1 A1 04.3356 03/25/2022 0.22%
ALLY FINANCIAL INC 05.7500 11/20/2025 0.21%
AT&T INC 04.1000 02/15/2028 0.21%
AT&T INC 04.3500 03/01/2029 0.21%
BMIR 2017-1 M1 P/P 144A 04.1855 10/25/2027 0.21%
CANADIAN GOVERNMENT 03.5000 12/01/2045 0.21%
CROWN CASTLE INTL CORP 03.6500 09/01/2027 0.21%
EQT CORP 03.9000 10/01/2027 0.21%
GNR 2015-H09 AI IO 01.6370 04/20/2065 0.21%
GSMS 2013-GC10 XA IO 01.5164 02/10/2046 0.21%
SHERWIN-WILLIAMS CO 03.4500 06/01/2027 0.21%
WFRBS 2011-C2 D P/P 144A 05.6525 02/15/2044 0.21%
WFRBS 2011-C5 E P/P 144A 05.6731 11/15/2044 0.21%
CAS 2016-C03 1M2 07.7855 10/25/2028 0.20%
CBS CORP 04.2000 06/01/2029 0.20%
CVS HEALTH CORP 04.7800 03/25/2038 0.20%
CWALT 2006-OA10 4A1 02.6755 08/25/2046 0.20%
GNR 2017-H02 BI IO 02.3379 01/20/2067 0.20%
GNR 2017-H04 BI IO 02.5260 02/20/2067 0.20%
GSMS 2010-C1 D P/P 144A 06.0520 08/10/2043 0.20%
NUTRIEN LTD USD 04.2000 04/01/2029 0.20%
TRANSCANADA TRUST USD 05.3000 03/15/2077 0.20%
UNITED MEXICAN STATES USD 04.0000 10/02/2023 0.20%
WAMU 2005-AR2 2A1B 02.8555 01/25/2045 0.20%
AON PLC USD 04.2500 12/12/2042 0.19%
AUSTRALIAN GOVERNMENT REGS 01.7500 11/21/2020 0.19%
BANCO SANTANDER SA USD 04.3790 04/12/2028 0.19%
BECTON DICKINSON AND CO 03.7000 06/06/2027 0.19%
COMM 2015-LC21 XA IO 00.7716 07/10/2048 0.19%
CREDIT SUISSE GRP AG P/P 144A 03.8690 01/12/2029 0.19%
ENERGY TRANSFER OPERATNG 06.6250 02/15/2028 0.19%
ERAC USA FINANCE LLC P/P 144A 05.6250 03/15/2042 0.19%
FNR 2015-28 IO IO 05.5000 05/25/2045 0.19%
GLENCORE FUNDING LLC P/P 144A 04.6250 04/29/2024 0.19%
GNR 2016-47 CI IO 04.0000 09/20/2045 0.19%
GNR 2017-H11 NI IO 02.1654 05/20/2067 0.19%
JOHNSON CONTROLS INTL PL 04.5000 02/15/2047 0.19%
PETROBRAS GLOBAL FINANCE USD 06.1250 01/17/2022 0.19%
STACR 2014-HQ3 M3 07.2355 10/25/2024 0.19%
BSCMS 2006-PW11 B P/P 144A 05.2509 03/11/2039 0.18%
CMLTI 2005-2 1A2A 04.9126 05/25/2035 0.18%
COMM 2014-CR18 C 04.7314 07/15/2047 0.18%
CREDIT AGRICOLE SA P/P 144A 04.0000 01/10/2033 0.18%
FHR 4165 TI IO 03.0000 12/15/2042 0.18%
GNMA 10000 BC8223 03.5000 11/20/2047 0.18%
GNMA GII30 BD1729 03.5000 01/20/2048 0.18%
GNR 2012-91 IN IO 04.5000 05/20/2042 0.18%
GNR 2015-H03 DI IO 01.9704 01/20/2065 0.18%
GNR 2016-H16 EI IO 02.2094 06/20/2066 0.18%
HELLENIC REPUBLIC REGS 03.0000 02/24/2026 0.18%
JPMBB 2014-C22 XA IO 00.8635 09/15/2047 0.18%
NETHERLANDS GOVT P/P REGS 03.7500 01/15/2042 0.18%
UNITEDHEALTH GROUP INC 03.8500 06/15/2028 0.18%
VIDEOTRON LTD / LTEE P/P 144A 05.1250 04/15/2027 0.18%
WFCM 2016-BNK1 AS 02.8140 08/15/2049 0.18%
CAS 2016-C02 1M2 08.4855 09/25/2028 0.17%
COMM 2012-CR2 AM 03.7910 08/15/2045 0.17%
COMM 2014-UBS6 XA IO 00.9441 12/10/2047 0.17%
EOG RESOURCES INC 04.1500 01/15/2026 0.17%
JPMBB 2013-C12 XA IO 00.5115 07/15/2045 0.17%
WELLS FARGO BANK NA 06.6000 01/15/2038 0.17%
BONOS Y OBLIG DEL ES P/P REGS 04.6500 07/30/2025 0.16%
BONOS Y OBLIG DEL ESTADO 00.7500 07/30/2021 0.16%
FIDELITY NATIONAL INFORM 04.2500 05/15/2028 0.16%
GNR 2016-83 PI IO 03.5000 06/20/2045 0.16%
LIBERTY MUTUAL GROUP P/P 144A 07.8000 03/15/2037 0.16%
SAMI 2007-AR7 1A1 03.3355 05/25/2047 0.16%
SWPTN 2YX10Y R 1.376 EUR 09/30/2019 JP 0.16%
WFCM 2013-LC12 C 04.2867 07/15/2046 0.16%
WFRBS 2013-C14 XA IO 00.7388 06/15/2046 0.16%
AMERICAN ELECTRIC POWER 04.3000 12/01/2028 0.15%
BGC PARTNERS INC 05.1250 05/27/2021 0.15%
CAS 2015-C01 1M2 06.7855 02/25/2025 0.15%
CHENIERE CORP CHRIST 05.1250 06/30/2027 0.15%
CROWN CASTLE INTL CORP 04.7500 05/15/2047 0.15%
GNR 2015-80 IA IO 04.5000 06/20/2045 0.15%
GNR 2016-H07 HI IO 01.8464 02/20/2066 0.15%
GSMS 2013-GC16 D P/P 144A 05.3113 11/10/2046 0.15%
HCA INC 05.5000 06/15/2047 0.15%
HELLENIC REPUBLIC P/P REGS 03.4500 04/02/2024 0.15%
INTL FLAVOR & FRAGRANCES 04.4500 09/26/2028 0.15%
JPMCC 2013-C16 XA IO 00.9448 12/15/2046 0.15%
SHIRE ACQ INV IE 03.2000 09/23/2026 0.15%
SPST 2017-LD1 A 03.2855 11/25/2050 0.15%
WAMU 2005-AR13 A1C3 02.9755 10/25/2045 0.15%
CANADIAN GOVERNMENT 01.5000 03/01/2020 0.14%
CVS PASS-THRU TRUST P/P 144A 07.5070 01/10/2032 0.14%
FNR 2012-116 SA IO 04.7145 10/25/2042 0.14%
FRANCE (GOVT OF) REGS 04.0000 04/25/2055 0.14%
GNR 2016-H13 EI IO 01.9858 04/20/2066 0.14%
IVORY COAST REGS 06.1250 06/15/2033 0.14%
JPMBB 2014-C22 C 04.5605 09/15/2047 0.14%
KINGDOM OF DENMARK 01.7500 11/15/2025 0.14%
LEGRAND FRANCE USD 08.5000 02/15/2025 0.14%
MARM 2004-13 3A7 04.4671 11/21/2034 0.14%
PETROBRAS GLOBAL FIN USD 05.2990 01/27/2025 0.14%
REPUBLIC OF SOUTH AFRICA USD 04.8500 09/27/2027 0.14%
SWPTN 1YX10Y R 3.096 USD 11/29/2019 JP 0.14%
UBS GROUP FUNDING SWITZE REGS 06.8750 12/29/2049 0.14%
WESTROCK MWV LLC 08.2000 01/15/2030 0.14%
AES CORP/THE 05.1250 09/01/2027 0.13%
CBS CORP 02.9000 01/15/2027 0.13%
CROWN CASTLE INTL CORP 03.8000 02/15/2028 0.13%
FHR 4369 IA IO 03.5000 07/15/2044 0.13%
FOX CORP P/P 144A 04.0300 01/25/2024 0.13%
GNR 2014-H12 BI IO 01.5811 05/20/2064 0.13%
GSMS 2011-GC3 D P/P 144A 05.6380 03/10/2044 0.13%
HMIR 2018-1 M1 P/P 144A 04.0855 10/25/2028 0.13%
IVORY COAST REGS 05.3750 07/23/2024 0.13%
JPMCC 2013-LC11 AS 03.2160 04/15/2046 0.13%
L3 TECHNOLOGIES INC 03.8500 12/15/2026 0.13%
METLIFE CAP TRST IV P/P 144A 07.8750 12/15/2037 0.13%
MSBAM 2012-C6 D P/P 144A 04.6111 11/15/2045 0.13%
NEXTERA ENERGY CAPITAL 04.8000 12/01/2077 0.13%
PENSKE TRUCK LE P/P 144A 03.4000 11/15/2026 0.13%
SWPTN 2YX30Y R 1.758 EUR 09/30/2019 JP 0.13%
TARGA RESOURCES PART 05.0000 01/15/2028 0.13%
WAMU 2005-AR1 A1B 03.2655 01/25/2045 0.13%
AMERICAN TOWER CORP 03.3750 10/15/2026 0.12%
AMGEN INC 04.6630 06/15/2051 0.12%
CAS 2015-C04 1M2 08.1855 04/25/2028 0.12%
CPTFEMU P 1.71 R 07/15/37 0.12%
CVS HEALTH CORP 05.0500 03/25/2048 0.12%
CWALT 2006-24CB A13 02.8355 08/01/2036 0.12%
GNR 2013-182 IQ IO 04.5000 12/16/2043 0.12%
GNR 2016-19 PI IO 04.0000 02/20/2046 0.12%
GNR 2016-75 LI IO 06.0000 01/20/2040 0.12%
GNR 2017-H19 MI IO 02.0409 04/20/2067 0.12%
GOLDMAN SACHS GROUP INC 03.8500 01/26/2027 0.12%
HOSPITALITY PROP TRUST 04.3750 02/15/2030 0.12%
JPMCC 2012-LC9 D P/P 144A 04.3835 12/15/2047 0.12%
KINDER MORGAN ENER PART 05.4000 09/01/2044 0.12%
MICROSOFT CORP 03.7000 08/08/2046 0.12%
NORTHROP GRUMMAN CORP 03.2500 01/15/2028 0.12%
OPTN FN30 3.5 04/03/19 CALL 99.84765625 JPMC 0.12%
REPUBLIC OF AUSTRIA P/P REGS 03.6500 04/20/2022 0.12%
STANDARD IND INC P/P 144A 05.0000 02/15/2027 0.12%
UBSCM 2017-C7 XA IO 01.0678 12/15/2050 0.12%
VMWARE INC 03.9000 08/21/2027 0.12%
WFRBS 2011-C4 E P/P 144A 05.2316 06/15/2044 0.12%
WFRBS 2012-C10 D P/P 144A 04.4419 12/15/2045 0.12%
AMERICAN TOWER CORP 03.5500 07/15/2027 0.11%
BONOS Y OBLIG DEL ES P/P REGS 04.2000 01/31/2037 0.11%
CNO FINANCIAL GROUP INC 05.2500 05/30/2025 0.11%
COMM 2014-UBS6 C 04.4585 12/10/2047 0.11%
GENERAL MOTORS FINL CO 04.0000 10/06/2026 0.11%
GNR 2014-116 IL IO 04.0000 08/20/2044 0.11%
GNR 2014-25 QI IO 05.0000 01/20/2044 0.11%
GNR 2014-H21 AI IO 01.6287 10/20/2064 0.11%
GNR 2015-H26 DI IO 01.8910 10/20/2065 0.11%
GNR 2015-H26 EI IO 01.7465 10/20/2065 0.11%
JPMCC 2012-C6 AS 04.1166 05/15/2045 0.11%
NEW ZEALAND GOVERNMENT REGS 02.7500 04/15/2025 0.11%
REPUBLIC OF AUSTRIA P/P REGS 01.5000 02/20/2047 0.11%
REPUBLIC OF SENEGAL REGS 06.2500 05/23/2033 0.11%
REPUBLICA ORIENT URUGUAY USD 04.3750 10/27/2027 0.11%
SAMI 2007-AR1 2A1 02.6655 01/25/2037 0.11%
WAMU 2005-AR10 1A3 04.1168 09/25/2035 0.11%
BANCO SANTANDER SA USD 05.1790 11/19/2025 0.10%
BPCE SA P/P 144A 05.1500 07/21/2024 0.10%
BUMT 2005-1 1A1 02.7855 09/25/2045 0.10%
CANTOR FITZGERALD LP P/P 144A 06.5000 06/17/2022 0.10%
CWALT 2006-OA10 1A1 03.3565 08/25/2046 0.10%
EQUINIX INC 05.3750 05/15/2027 0.10%
FNR 2012-103 LS IO 03.5145 09/25/2042 0.10%
GNR 2012-136 BI IO 03.5000 11/20/2042 0.10%
GNR 2015-H25 AI IO 01.6266 09/20/2065 0.10%
GNR 2016-H20 NI IO 02.0733 09/20/2066 0.10%
NORWEGIAN GOVERNMENT P/P REGS 03.0000 03/14/2024 0.10%
RAMC 2003-4 A1 03.0055 03/25/2034 0.10%
RUSSIAN FEDERATION P/P 144A 04.5000 04/04/2022 0.10%
SWPTN 1YX1Y R 3.02 USD 08/28/2019 MS 0.10%
SWPTN BERM 5YX25Y R 3.0 USD 02/03/2048 MS 0.10%
SWPTN BERM 5YX25Y R 3.0 USD 04/06/2047 MS 0.10%
SWPTN BERM 5YX25Y R 3.0 USD 04/17/2047 MS 0.10%
0.60 R ISWP FWD EUR006M P 06/19/2029 0.09%
3.073 R ISWP FWD US0003M P 03/04/2029 0.09%
BANK OF MONTREAL USD 03.8030 12/15/2032 0.09%
CBRE SERVICES INC 04.8750 03/01/2026 0.09%
CREDIT SUISSE GRP AG P/P 144A 06.2500 12/18/2024 0.09%
DUKE ENERGY OHIO INC 03.6500 02/01/2029 0.09%
FHR 4141 PI IO 03.0000 12/15/2042 0.09%
GLENCORE FIN CANADA P/P 144A 06.0000 11/15/2041 0.09%
GNMA 10000 BD1730 03.5000 01/20/2048 0.09%
GNR 2010-35 AI IO 04.5000 03/20/2040 0.09%
GNR 2016-77 SL IO 03.6623 03/20/2043 0.09%
GNR 2016-H25 GI IO 01.5181 11/20/2066 0.09%
GNR 2017-57 AI IO 04.0000 06/20/2045 0.09%
IBERDROLA INTL BV USD 06.7500 07/15/2036 0.09%
JPMBB 2015-C33 XA IO 00.9914 12/15/2048 0.09%
JPMCC 2013-LC11 X IO 01.2692 04/15/2046 0.09%
MSC 2011-C3 D P/P 144A 05.1547 07/15/2049 0.09%
NRZT 2018-4A A1M 03.3855 01/25/2048 0.09%
PETROBRAS GLOBAL FINANCE USD 07.3750 01/17/2027 0.09%
PROVINCIA DE CORDOBA P/P 144A 07.1250 08/01/2027 0.09%
RUSSIAN FEDERATION P/P 144A 04.3750 03/21/2029 0.09%
SWITZERLAND REGS 01.5000 04/30/2042 0.09%
SWPTN 10YX30Y R 1.72 EUR 11/27/2028 UB 0.09%
TEACHERS INSUR & ANN P/P 144A 06.8500 12/16/2039 0.09%
TORONTO-DOMINION BANK USD 03.6250 09/15/2031 0.09%
WAMU 2005-AR19 A1B3 02.8355 12/25/2045 0.09%
WEYERHAEUSER CO 07.3750 03/15/2032 0.09%
WFMBS 2006-AR2 1A1 04.8869 03/25/2036 0.09%
WFMBS 2006-AR5 1A1 05.0795 04/25/2036 0.09%
WFRBS 2012-C10 XA IO P/P 144A 01.5622 12/15/2045 0.09%
WFRBS 2013-C11 AS 03.3110 03/15/2045 0.09%
AUSTRALIAN GOVERNMENT REGS 03.7500 04/21/2037 0.08%
CARR 2006-NC2 A4 02.7255 06/25/2036 0.08%
CAS 2016-C03 2M2 08.3855 10/25/2028 0.08%
CBRE SERVICES INC 05.2500 03/15/2025 0.08%
CHARTER COMM OPT LLC 05.3750 05/01/2047 0.08%
CPTFEMU P 1.7138 R 08/15/37 0.08%
ENBRIDGE INC USD 04.2500 12/01/2026 0.08%
FNR 2017-113 IO IO 05.0000 01/25/2038 0.08%
GNR 2010-171 SB IO 03.9683 12/16/2040 0.08%
GNR 2016-H01 AI IO 01.7614 01/20/2066 0.08%
IPALCO ENTPRS IN 03.7000 09/01/2024 0.08%
MLMI 2005-A2 A2 04.4466 02/25/2035 0.08%
MSRR 2015-R4 CB1 03.3155 08/26/2047 0.08%
PRUDENTIAL FINANCIAL INC 05.2000 03/15/2044 0.08%
STACR 2015-HQ2 M2 04.4355 05/25/2025 0.08%
SWPTN 10YX20Y R 2.785 USD 01/25/2027 BA 0.08%
SWPTN 5YX30Y R 2.8325 USD 02/15/2022 JP 0.08%
SWPTN LIABILITY 5YX30Y P 3.215 USD 11/27/2023 GS 0.08%
SWPTN LIABILITY 5YX30Y R 3.215 USD 11/27/2023 GS 0.08%
WALGREENS BOOTS ALLIANCE 03.4500 06/01/2026 0.08%
WBCMT 2005-C21 D 05.2380 10/15/2044 0.08%
3.312 R ISWP US0003M P 11/08/2048 0.07%
CELANESE US HOLDINGS LLC 04.6250 11/15/2022 0.07%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CS 0.07%
FHR 4076 MS IO 04.2163 07/15/2040 0.07%
FHR 4355 DI IO 04.0000 03/15/2044 0.07%
FNR 2013-35 IP IO 03.0000 06/25/2042 0.07%
FNR 2013-55 PI IO 03.0000 05/25/2042 0.07%
FNR 2014-28 AI IO 03.0000 03/25/2040 0.07%
GLENCORE FUNDING LLC P/P 144A 04.0000 04/16/2025 0.07%
GNR 2010-35 QI IO 04.5000 03/20/2040 0.07%
GNR 2018-21 IN IO 05.0000 02/20/2048 0.07%
GSMS 2012-GC6 D P/P 144A 05.6525 01/10/2045 0.07%
IHS MARKIT LTD P/P 144A 04.0000 03/01/2026 0.07%
JPMCC 2013-C10 AS 03.3715 12/15/2047 0.07%
KINGDOM OF DENMARK 04.5000 11/15/2039 0.07%
LIBERTY MUTUAL GROUP P/P 144A 05.5159 03/15/2037 0.07%
OMEGA HLTHCARE INVES 04.5000 04/01/2027 0.07%
OMNICOM GP/OMNICOM CAP 03.6000 04/15/2026 0.07%
ROGERS COMMUNICATIONS IN USD 04.5000 03/15/2043 0.07%
STACR 2015-DNA2 M2 05.0855 12/25/2027 0.07%
SWPTN 10YX20Y P 2.785 USD 01/25/2027 BA 0.07%
WFCM 2016-LC25 XA IO 01.0120 12/15/2059 0.07%
CAPITAL ONE FINANCIAL CO 04.2000 10/29/2025 0.06%
CAS 2015-C02 1M2 06.4855 05/25/2025 0.06%
CHARTER COMM OPT LLC 04.9080 07/23/2025 0.06%
COMCAST CORP 03.9990 11/01/2049 0.06%
CPTFEMU P 1.735 R 09/15/37 0.06%
DIAMOND 1 FIN/DIAMON P/P 144A 08.3500 07/15/2046 0.06%
FHR 4193 PI IO 04.0000 03/15/2043 0.06%
FHR 4206 IP IO 03.0000 12/15/2041 0.06%
FNR 2012-124 JI IO 03.5000 11/25/2042 0.06%
GNR 2014-76 IO IO 05.0000 05/20/2044 0.06%
HELLENIC REPUBLIC REGS 03.0000 02/24/2024 0.06%
HILTON DOMESTIC OPERATIN 04.2500 09/01/2024 0.06%
L3 TECHNOLOGIES INC 04.4000 06/15/2028 0.06%
PROVINCIA DE BUENOS P/P 144A 09.1250 03/16/2024 0.06%
ROYAL BANK OF CANADA USD 04.6500 01/27/2026 0.06%
SERVICE CORP INTL 04.6250 12/15/2027 0.06%
SWPTN 10YX20Y R 1.921 EUR 10/18/2028 JP 0.06%
SWPTN 5YX30Y R 3.27 USD 10/17/2023 MS 0.06%
UBSBB 2012-C4 XA IO P/P 144A 01.6374 12/10/2045 0.06%
UNITED AIR 2014-2 A PTT 03.7500 09/03/2026 0.06%
WARNER MEDIA LLC 02.9500 07/15/2026 0.06%
2.776 R ISWP FWD US0003M P 03/21/2029 0.05%
CITIGROUP INC 03.6680 07/24/2028 0.05%
EL PASO NATURAL GAS 08.3750 06/15/2032 0.05%
ENTERPRISE PRODUCTS OPER 04.2500 02/15/2048 0.05%
FNR 2013-23 PI IO 03.0000 10/25/2041 0.05%
FNR 2013-55 KI IO 03.0000 04/25/2043 0.05%
GNR 2013-27 PI IO 03.5000 12/20/2042 0.05%
HELLENIC REPUBLIC REGS 03.0000 02/24/2031 0.05%
HOSPITALITY PROPERTIES T 04.5000 03/15/2025 0.05%
KEURIG DR PEPPER INC P/P 144A 04.4170 05/25/2025 0.05%
PEACHTREE FUNDING TR P/P 144A 03.9760 02/15/2025 0.05%
PETROBRAS GLOBAL FIN USD 05.9990 01/27/2028 0.05%
SW AIRLINES 07-1 TRUST 06.1500 08/01/2022 0.05%
SWPTN 10YX30Y P 1.72 EUR 11/27/2028 UB 0.05%
SWPTN 5YX30Y P 2.8325 USD 02/15/2022 JP 0.05%
AIR LEASE CORP 03.6250 04/01/2027 0.04%
CAS 2015-C03 2M2 07.4855 07/25/2025 0.04%
CAS 2018-C05 1M2 04.8355 01/25/2031 0.04%
COMCAST CORP 06.5000 11/15/2035 0.04%
CPTFEMU P 1.71 R 08/15/37 0.04%
ERAC USA FINANCE LLC P/P 144A 07.0000 10/15/2037 0.04%
GNR 2010-9 UI IO 05.0000 01/20/2040 0.04%
GNR 2014-102 IG IO 03.5000 03/16/2041 0.04%
GNR 2015-124 NI IO 03.5000 06/20/2039 0.04%
HCA INC 05.0000 03/15/2024 0.04%
HCA INC 05.2500 06/15/2026 0.04%
IRISH TSY 2 2045 REGS 02.0000 02/18/2045 0.04%
JPY/USD 05/15/2019 GSFX 0.04%
JPY/USD 05/15/2019 JPMCB 0.04%
OMEGA HLTHCARE INVESTORS 04.9500 04/01/2024 0.04%
PRUDENTIAL FINANCIAL INC 06.6250 06/21/2040 0.04%
SWPTN 10YX10Y P 2.7575 USD 12/20/2027 JP 0.04%
SWPTN 10YX10Y P 2.795 USD 12/20/2027 JP 0.04%
SWPTN 10YX10Y R 2.7575 USD 12/20/2027 JP 0.04%
SWPTN 10YX10Y R 2.795 USD 12/20/2027 JP 0.04%
SWPTN 7YX5Y R 2.647 USD 06/03/2024 BA 0.04%
SWPTN 7YX5Y R 2.654 USD 06/03/2024 CI 0.04%
SWPTN LIABILITY 6MX5Y P 0.215 EUR 08/07/2019 JP 0.04%
0.20 R ISWP FWD CHL6M P 06/19/2029 0.03%
0.4419 R ISWP EUR006M P 01/30/2023 0.03%
0.601 R ISWP FWD EUR006M P 06/19/2029 0.03%
3.05125 R ISWP FWD US0003M P 03/07/2028 0.03%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.03%
COMCAST CABLE COMMUNICAT 09.4550 11/15/2022 0.03%
ENERGY TRANSFER OPERATNG 06.2500 04/15/2049 0.03%
FIFTH THIRD BANCORP 05.1000 12/29/2049 0.03%
GNR 2013-24 PI IO 04.0000 11/20/2042 0.03%
GNR 2018-127 IB IO 04.5000 06/20/2045 0.03%
HELLENIC REPUBLIC REGS 03.0000 02/24/2025 0.03%
OPTN FN30 3.0 05/06/19 CALL 99.625 JPMC 0.03%
SWEDISH GOVERNMENT 03.5000 03/30/2039 0.03%
SWPTN 10YX20Y P 1.921 EUR 10/18/2028 JP 0.03%
SWPTN 1YX2Y R 0.025 EUR 08/28/2019 GS 0.03%
SWPTN 2YX13Y P 3.162 USD 11/30/2020 JP 0.03%
SWPTN 5YX20Y R 1.11125 JPY 08/24/2023 BC 0.03%
SWPTN 7YX5Y P 2.647 USD 06/03/2024 BA 0.03%
SWPTN 7YX5Y P 2.654 USD 06/03/2024 CI 0.03%
UKRPI P 3.665 R 12/15/28 0.03%
WARNER MEDIA LLC 03.8000 02/15/2027 0.03%
WESTLAKE CHEMICAL CORP 04.3750 11/15/2047 0.03%
WESTROCK MWV LLC 07.9500 02/15/2031 0.03%
0.12 R ISWP FWD EUR006M P 06/19/2024 0.02%
0.95 R ISWP FWD SES3M P 06/19/2029 0.02%
1.20 R ISWP FWD GBL6M P 06/19/2024 0.02%
1.3775 R ISWP SES3M P 01/30/2028 0.02%
2.86 R ISWP US0003M P 01/22/2020 0.02%
3.11 R ISWP FWD US0003M P 02/27/2028 0.02%
BSCMS 2006-PW11 C P/P 144A 05.2509 03/11/2039 0.02%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 GS 0.02%
CVS PASS-THROUGH TRUST 06.0360 12/10/2028 0.02%
EUR/USD 06/19/2019 BANKAM 0.02%
EUR/USD 06/19/2019 SSBT 0.02%
FHR 3065 DC 12.4088 03/15/2035 0.02%
FHR 3072 SM 04.2533 11/15/2035 0.02%
FNR 2006-8 HP 15.4532 03/25/2036 0.02%
FNR 2007-53 SP 15.0865 06/25/2037 0.02%
FNR 2010-46 SB IO 03.9645 05/25/2040 0.02%
FRANCE (GOVT OF) REGS 03.2500 05/25/2045 0.02%
GNR 2010-35 UI IO 05.0000 03/20/2040 0.02%
HELLENIC REPUBLIC REGS 03.0000 02/24/2028 0.02%
HELLENIC REPUBLIC REGS 03.0000 02/24/2032 0.02%
HELLENIC REPUBLIC REGS 03.0000 02/24/2033 0.02%
MARATHON PETRO CORP 06.5000 03/01/2041 0.02%
MBX.FN30.500.10 R USL1M P 01/12/41 BC 0.02%
MSC 2007-HQ11 C 05.5580 02/12/2044 0.02%
ONEAMERICA FINL P/P 144A 07.0000 10/15/2033 0.02%
OPTN FN30 4.0 04/03/19 CALL 101.8046875 JPMC 0.02%
PETROLEOS DE VEN P/P 144A 06.0000 11/15/2026 0.02%
PRUDENTIAL FINANCIAL INC 05.6250 06/15/2043 0.02%
STACR 2019-DNA1 M2 05.1355 01/25/2049 0.02%
SWPTN 10YX20Y R 2.8175 USD 03/23/2027 GS 0.02%
SWPTN 12YX10Y P 2.5 USD 11/09/2029 JP 0.02%
SWPTN 12YX10Y P 2.725 USD 11/08/2029 GS 0.02%
SWPTN 12YX10Y R 2.725 USD 11/08/2029 GS 0.02%
SWPTN 12YX10Y R 3.005 USD 11/16/2029 GS 0.02%
SWPTN 1YX2Y R -0.065 EUR 08/28/2019 GS 0.02%
SWPTN 1YX30Y R 1.288 EUR 02/17/2020 JP 0.02%
SWPTN 5YX30Y P 3.27 USD 10/17/2023 MS 0.02%
SWPTN 7YX25Y P 2.505 USD 11/13/2024 MS 0.02%
SWPTN 7YX25Y P 2.689 USD 11/12/2024 CI 0.02%
SWPTN 7YX25Y R 2.689 USD 11/12/2024 CI 0.02%
SWPTN 7YX25Y R 2.902 USD 11/08/2024 JP 0.02%
-0.101 R ISWP FWD EUR006M P 06/19/2021 0.01%
0.135 R ISWP JPL6M P 01/15/2023 0.01%
0.148 R ISWP JPL6M P 02/16/2023 0.01%
0.151 R ISWP FWD EUR006M P 06/19/2024 0.01%
0.354 R ISWP FWD EUR006M P 09/21/2021 0.01%
1.02 R ISWP TELBOR03 P 03/20/2024 GS 0.01%
1.125 R ISWP SES3M P 11/10/2027 0.01%
1.13 R ISWP SES3M P 11/10/2027 0.01%
1.1575 R ISWP SES3M P 11/13/2027 0.01%
1.16 R ISWP SES3M P 11/13/2027 0.01%
1.35 R ISWP FWD GBL6M P 06/19/2029 0.01%
2.07 R ISWP THFX6M P 11/16/2021 JP 0.01%
2.1825 R ISWP AUDBB6M P 03/20/2029 0.01%
2.806 R ISWP FWD US0003M P 03/05/2030 0.01%
AUD/USD 04/17/2019 RBSF 0.01%
BONOS Y OBLIG DEL ES P/P REGS 02.9000 10/31/2046 0.01%
CAD/USD 04/17/2019 BCAP-FX 0.01%
CAD/USD 04/17/2019 CITI 0.01%
CAS 2016-C05 2M1 03.8355 01/25/2029 0.01%
CMB CMBX.NA.BB.11 2054-11-18 500.0 11/18/2054 CG 0.01%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 CS 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 ML 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 MS 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 MS 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 MS 0.01%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CG 0.01%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CG 0.01%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CG 0.01%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CG 0.01%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CS 0.01%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 ML 0.01%
CPURNSA P 2.19 R 12/06/27 0.01%
CPURNSA P 2.1939 R 12/21/27 0.01%
DELTA AIR LINES 2009 1A 07.7500 12/17/2019 0.01%
DKK/USD 06/19/2019 CITI 0.01%
ERAC USA FINANCE LLC P/P 144A 04.5000 02/15/2045 0.01%
EUR/USD 06/19/2019 CITI 0.01%
EUR/USD 06/19/2019 RBSF 0.01%
FHR 2990 LB 10.5974 06/15/2034 0.01%
FHR 3249 PS 14.0786 12/15/2036 0.01%
FHR 3408 EK 15.7988 04/15/2037 0.01%
FIDELITY NATIONAL INFORM 03.0000 08/15/2026 0.01%
FNR 2005-75 GS 12.7935 08/25/2035 0.01%
GBP/USD CALL 1.37 20190726 BANKAM 0.01%
GNR 2009-121 UI IO 05.0000 12/20/2039 0.01%
GNR 2013-90 HI IO 03.5000 04/20/2040 0.01%
GOLDMAN SACHS GROUP INC 06.7500 10/01/2037 0.01%
JPY/USD 05/15/2019 BANKAM 0.01%
JPY/USD 05/15/2019 CITI 0.01%
JPY/USD 05/15/2019 SSBT 0.01%
JPY/USD 05/15/2019 UBS 0.01%
LBUBS 2006-C6 XCL IO P/P 144A 00.6862 09/15/2039 0.01%
OPTN FN30 3.5 05/06/19 PUT 101.06640625 JPMC 0.01%
OPTN FN30 3.5 05/06/19 PUT 101.19140625 JPMC 0.01%
OPTN FN30 3.5 05/06/19 PUT 101.31640625 JPMC 0.01%
OPTN FN30 3.5 05/06/19 PUT 101.44140625 JPMC 0.01%
RUB/USD 06/19/2019 BANKAM 0.01%
SABINE PASS LIQUEFACTION 04.2000 03/15/2028 0.01%
SEK/USD 06/19/2019 BCAP-FX 0.01%
SWPTN 10YX10Y P 2.988 USD 02/26/2029 GS 0.01%
SWPTN 10YX10Y R 2.988 USD 02/26/2029 GS 0.01%
SWPTN 10YX20Y P 2.8175 USD 03/23/2027 GS 0.01%
SWPTN 12YX10Y P 3.005 USD 11/16/2029 GS 0.01%
SWPTN 12YX10Y R 2.5 USD 11/09/2029 JP 0.01%
SWPTN 1YX2Y R 2.486 USD 01/31/2020 JP 0.01%
SWPTN 1YX2Y R 2.56 USD 02/06/2020 JP 0.01%
SWPTN 1YX30Y P 1.288 EUR 02/17/2020 JP 0.01%
SWPTN 2YX10Y P 2.764 USD 02/16/2021 MS 0.01%
SWPTN 2YX10Y P 2.7725 USD 02/26/2021 MS 0.01%
SWPTN 2YX10Y R 2.764 USD 02/16/2021 MS 0.01%
SWPTN 2YX10Y R 2.7725 USD 02/26/2021 MS 0.01%
SWPTN 6MX30Y P 1.28 EUR 08/07/2019 JP 0.01%
SWPTN 7YX25Y P 2.902 USD 11/08/2024 JP 0.01%
SWPTN 7YX25Y R 2.505 USD 11/13/2024 MS 0.01%
UAL 2007 PASS TRUST 06.6360 07/02/2022 0.01%
-0.085 R ISWP SES3M P 01/30/2020 0.00%
-0.104 R ISWP FWD EONIA P 02/18/2020 0.00%
-0.124 R ISWP FWD EONIA P 02/18/2020 0.00%
-0.1249 R ISWP EUR006M P 01/30/2020 0.00%
-0.2225 R ISWP SES3M P 11/13/2019 0.00%
-0.23 R ISWP SES3M P 11/13/2019 0.00%
-0.245 R ISWP SES3M P 11/10/2019 0.00%
-0.246 R ISWP SES3M P 11/10/2019 0.00%
0.09 R ISWP JPL6M P 12/19/2022 0.00%
0.45 R ISWP FWD SES3M P 06/19/2024 0.00%
0.7495 R ISWP FWD JPL6M P 08/29/2043 0.00%
1.035 R ISWP TELBOR03 P 03/19/2024 GS 0.00%
1.101 R ISWP FWD EUR006M P 06/19/2049 0.00%
1.113 R ISWP FWD EUR006M P 03/26/2050 0.00%
1.201 R ISWP FWD GBL6M P 06/19/2024 0.00%
1.2115 R ISWP FWD EUR006M P 03/12/2050 0.00%
1.267 R ISWP FWD EUR006M P 03/11/2050 0.00%
1.354 R ISWP FWD EUR006M P 02/19/2050 0.00%
1.484 R ISWP FWD EUR006M P 11/29/2058 0.00%
1.67 R ISWP KRW3MCD P 12/09/2021 GS 0.00%
1.80 R ISWP FWD NOKOIB6M P 06/19/2024 0.00%
1.901 R ISWP FWD AUDBB6M P 06/19/2024 0.00%
2.00 R ISWP FWD CDOR03 P 06/19/2024 0.00%
2.00 R ISWP FWD NOKOIB6M P 06/19/2029 0.00%
2.001 R ISWP FWD CDOR03 P 06/19/2024 0.00%
2.02 R ISWP CDOR03 P 11/02/2022 0.00%
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2.0525 R ISWP CDOR03 P 11/14/2022 0.00%
2.20 R ISWP FWD US0003M P 04/10/2024 0.00%
2.25 R ISWP FWD CDOR03 P 06/19/2029 0.00%
2.251 R ISWP FWD AUDBB6M P 06/19/2029 0.00%
2.251 R ISWP FWD CDOR03 P 06/19/2029 0.00%
2.375 R ISWP FWD US0003M P 04/16/2029 0.00%
2.401 R ISWP FWD CDOR03 P 06/19/2049 0.00%
2.524 R ISWP FWD NFIX3MID P 03/28/2029 0.00%
2.528 R ISWP FWD US0003M P 02/02/2024 0.00%
2.536 R ISWP FWD US0003M P 12/02/2023 0.00%
2.57 R ISWP FWD US0003M P 02/02/2024 0.00%
2.5725 R ISWP FWD US0003M P 02/02/2024 0.00%
2.67 R ISWP FWD US0003M P 03/28/2052 0.00%
APPLE INC 03.4500 05/06/2024 0.00%
AUD/USD 04/17/2019 BANKAM 0.00%
AUD/USD 04/17/2019 BCAP-FX 0.00%
AUD/USD 04/17/2019 CITI 0.00%
AUD/USD 04/17/2019 HSBCB 0.00%
AUD/USD 04/17/2019 JPMCB 0.00%
AUD/USD 04/17/2019 SSBT 0.00%
AUD/USD 04/17/2019 UBS 0.00%
AUD/USD 04/17/2019 WPAC 0.00%
BACM 2004-4 XC IO P/P 144A 00.3283 07/10/2042 0.00%
BACM 2007-5 XW IO P/P 144A 00.0000 02/10/2051 0.00%
BAYC 2006-CD1A IO IO P/P 144A 00.0000 07/25/2023 0.00%
BAYC 2007-CD1A IO IO P/P 144A 00.0000 03/25/2021 0.00%
BSCMS 06-PW14 X1 IO P/P 144A 00.2693 12/11/2038 0.00%
CAD/USD 04/17/2019 JPMCB 0.00%
CAD/USD 04/17/2019 RBSF 0.00%
CAD/USD 04/17/2019 UBS 0.00%
CAD/USD 04/17/2019 WPAC 0.00%
CAN 10YR BOND FUT JUN19 CNM9 0.00%
CD 2007-CD5 XS IO 144A 00.0000 11/15/2044 0.00%
CGCMT 2006-C5 XC IO P/P 144A 00.4723 10/15/2049 0.00%
CHF/USD 06/19/2019 JPMCB 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 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 ML 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.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.8 2057-10-17 500.0 10/17/2057 CG 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 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 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 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 JP 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 JP 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 JP 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 JP 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 JP 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 JP 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 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 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 CG 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 CS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 ML 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-.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-.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 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 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 JP 0.00%
CMB CMBX.NA.BBB-.7 2047-01-17 300.0 01/17/2047 ML 0.00%
CNH/USD 05/15/2019 HSBCB 0.00%
CPURNSA P 2.05 R 07/05/27 0.00%
CPURNSA P 2.085 R 07/03/27 0.00%
CPURNSA R 1.89 P 07/05/22 0.00%
CPURNSA R 1.9225 P 07/03/22 0.00%
CROWN CASTLE INTL CORP 03.1500 07/15/2023 0.00%
CSFB 2003-C3 AX IO P/P 144A 01.5924 05/15/2038 0.00%
CSMC 2006-C4 AX IO P/P 144A 00.5156 09/15/2039 0.00%
CSMC 2007-C2 AX IO P/P 144A 00.0144 01/15/2049 0.00%
CZK/USD 06/19/2019 BANKAM 0.00%
EUR/USD 06/19/2019 CSI-FX 0.00%
EUR/USD 06/19/2019 HSBCB 0.00%
EUR/USD 06/19/2019 UBS 0.00%
EURO BUXL 30Y BND JUN19 UBM9 0.00%
EURO-BOBL FUTURE JUN19 OEM9 0.00%
EURO-BUND FUTURE JUN19 RXM9 0.00%
EURO-SCHATZ FUT JUN19 DUM9 0.00%
FHR 3300 PO PO 00.0000 02/15/2037 0.00%
FHR 3326 WF 00.0000 10/15/2035 0.00%
FHR 3707 PI IO 04.5000 07/15/2025 0.00%
FNR 2007-64 LO PO 00.0000 07/25/2037 0.00%
GBP/USD 06/19/2019 GSFX 0.00%
GBP/USD 06/19/2019 SSBT 0.00%
GBP/USD 06/19/2019 UBS 0.00%
GBP/USD CALL 1.47 20190726 BANKAM 0.00%
GECMC 2007-C1 XC IO P/P 144A 00.0041 12/10/2049 0.00%
HKD/USD 05/15/2019 BANKAM 0.00%
HKD/USD 05/15/2019 BCAP-FX 0.00%
ILS/USD 04/17/2019 SSBT 0.00%
INTERNATIONAL PAPER CO 08.7000 06/15/2038 0.00%
IOS.FN30.350.12 P USL1M R 01/12/43 BC 0.00%
IOS.FN30.350.12 P USL1M R 01/12/43 JP 0.00%
IOS.FN30.350.12 R USL1M P 01/12/43 CS 0.00%
IOS.FN30.350.12 R USL1M P 01/12/43 GS 0.00%
IOS.FN30.350.13 P USL1M R 01/12/44 JP 0.00%
IOS.FN30.350.13 R USL1M P 01/12/44 CS 0.00%
IOS.FN30.350.13 R USL1M P 01/12/44 GS 0.00%
IOS.FN30.350.14 R USL1M P 01/12/45 CS 0.00%
IOS.FN30.400.10 P USL1M R 01/12/41 CS 0.00%
IOS.FN30.400.10 R USL1M P 01/12/41 BA 0.00%
IOS.FN30.400.10 R USL1M P 01/12/41 BC 0.00%
IOS.FN30.400.10 R USL1M P 01/12/41 JP 0.00%
IOS.FN30.400.11 P USL1M R 01/12/42 JP 0.00%
IOS.FN30.400.11 R USL1M P 01/12/42 BC 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%
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%
IOS.FN30.400.14 R USL1M P 01/12/45 CS 0.00%
IOS.FN30.400.14 R USL1M P 01/12/45 CS 0.00%
IOS.FN30.400.14 R USL1M P 01/12/45 GS 0.00%
IOS.FN30.500.10 P USL1M R 01/12/41 BC 0.00%
IOS.FN30.500.10 P USL1M R 01/12/41 CS 0.00%
IOS.FN30.500.10 P USL1M R 01/12/41 GS 0.00%
IOS.FN30.500.10 P USL1M R 01/12/41 JP 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 BC 0.00%
IOS.FN30.650.67 R USL1M P 01/12/38 GS 0.00%
IOS.GII30.500.10 P USL1M R 01/12/41 JP 0.00%
IOS.GII30.500.10 R USL1M P 01/12/41 BC 0.00%
IOS.GII30.500.10 R USL1M P 01/12/41 BC 0.00%
JPMCC 07-CB20 X1 IO P/P 144A 00.0000 02/12/2051 0.00%
JPMCC 2006-CB17 X IO 00.6390 12/12/2043 0.00%
JPMCC 2006-LDP8 X IO 00.2852 05/15/2045 0.00%
JPMCC 2007-LDPX X IO 00.0069 01/15/2049 0.00%
JPN 10Y BOND(OSE) JUN19 JBM9 0.00%
JPY/USD 05/15/2019 BCAP-FX 0.00%
JPY/USD 05/15/2019 HSBCB 0.00%
JPY/USD 05/15/2019 RBSF 0.00%
KINDER MORGAN INC 03.1500 01/15/2023 0.00%
LBUBS 2007-C2 XCL IO P/P 144A 00.3298 02/15/2040 0.00%
LBUBS 2007-C2 XW IO 00.3298 02/15/2040 0.00%
LONG GILT FUTURE JUN19 G M9 0.00%
MBX.FN30.450.09 R USL1M P 01/12/40 BC 0.00%
MBX.FN30.450.09 R USL1M P 01/12/40 BC 0.00%
MBX.FN30.500.09 R USL1M P 01/12/40 BC 0.00%
MBX.FN30.500.10 R USL1M P 01/12/41 CI 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 BC 0.00%
MBX.FN30.650.67 P USL1M R 01/12/38 GS 0.00%
MBX.FN30.650.67 P USL1M R 01/12/38 GS 0.00%
MBX.FN30.650.67 P USL1M R 01/12/38 GS 0.00%
MBX.GII30.450.10 R USL1M P 01/12/41 CS 0.00%
MEZZ 2007-C5 X IO P/P 144A 04.9727 12/15/2049 0.00%
MXN/USD 04/17/2019 HSBCB 0.00%
NOK/USD 06/19/2019 BANKAM 0.00%
NOK/USD 06/19/2019 BCAP-FX 0.00%
NOK/USD 06/19/2019 CITI 0.00%
NOK/USD 06/19/2019 HSBCB 0.00%
NOK/USD 06/19/2019 RBSF 0.00%
NOK/USD 06/19/2019 UBS 0.00%
NZD/USD 04/17/2019 GSFX 0.00%
NZD/USD 04/17/2019 SSBT 0.00%
OPTN FN30 3.5 04/03/19 PUT 99.84765625 JPMC 0.00%
OPTN FN30 3.5 05/06/19 PUT 100.06640625 JPMC 0.00%
OPTN FN30 3.5 05/06/19 PUT 100.19140625 JPMC 0.00%
OPTN FN30 3.5 05/06/19 PUT 100.31640625 JPMC 0.00%
OPTN FN30 3.5 05/06/19 PUT 100.44140625 JPMC 0.00%
OPTN FN30 3.5 05/06/19 PUT 100.56640625 JPMC 0.00%
OPTN FN30 3.5 05/06/19 PUT 100.69140625 JPMC 0.00%
OPTN FN30 3.5 05/06/19 PUT 100.81640625 JPMC 0.00%
OPTN FN30 3.5 05/06/19 PUT 100.94140625 JPMC 0.00%
OPTN FN30 3.5 05/06/19 PUT 99.56640625 JPMC 0.00%
OPTN FN30 3.5 05/06/19 PUT 99.69140625 JPMC 0.00%
OPTN FN30 3.5 05/06/19 PUT 99.81640625 JPMC 0.00%
OPTN FN30 3.5 05/06/19 PUT 99.94140625 JPMC 0.00%
OPTN FN30 4.0 04/03/19 PUT 101.8046875 JPMC 0.00%
PETROLEOS DE VENEZUELA S REGS 05.3750 04/12/2027 0.00%
PLN/USD 06/19/2019 SSBT 0.00%
REPUBLIC OF VENEZUELA REGS 07.6500 04/21/2025 0.00%
SEK/USD 06/19/2019 BANKAM 0.00%
SEK/USD 06/19/2019 JPMCB 0.00%
SEK/USD 06/19/2019 SSBT 0.00%
SGD/USD 05/15/2019 JPMCB 0.00%
SPECTRA ENERGY PARTNERS 03.3750 10/15/2026 0.00%
SWPTN 13WX10Y P 0.8 EUR 05/07/2019 MS 0.00%
SWPTN 13WX10Y P 0.9 EUR 05/07/2019 MS 0.00%
SWPTN 1MX5Y P 2.2925 USD 04/29/2019 CI 0.00%
SWPTN 1MX5Y P 2.38875 USD 04/29/2019 CI 0.00%
SWPTN 1MX5Y R 2.19625 USD 04/29/2019 CI 0.00%
SWPTN 1MX5Y R 2.2925 USD 04/29/2019 CI 0.00%
SWPTN 1YX10Y P 2.715 USD 02/27/2020 MS 0.00%
SWPTN 1YX10Y P 2.7225 USD 02/18/2020 MS 0.00%
SWPTN 1YX10Y P 3.096 USD 11/29/2019 JP 0.00%
SWPTN 1YX2Y P 2.486 USD 01/31/2020 JP 0.00%
SWPTN 1YX2Y P 2.56 USD 02/06/2020 JP 0.00%
SWPTN 1YX2Y P 3.095 USD 11/19/2019 JP 0.00%
SWPTN 1YX2Y P 3.0975 USD 11/18/2019 MS 0.00%
SWPTN 1YX2Y P 3.3975 USD 11/18/2019 MS 0.00%
SWPTN 1YX2Y P 3.415 USD 11/19/2019 JP 0.00%
SWPTN 3MX10Y P 1.516 GBP 04/16/2019 JP 0.00%
SWPTN 3MX10Y P 1.52 GBP 04/16/2019 RB 0.00%
SWPTN 3MX10Y P 1.668 GBP 04/16/2019 RB 0.00%
SWPTN 3MX30Y P 1.628 GBP 04/16/2019 JP 0.00%
SWPTN 3MX5Y P 1.361 GBP 04/16/2019 JP 0.00%
SWPTN 5WX10Y P 0.6 EUR 04/23/2019 MS 0.00%
SWPTN 5WX10Y P 1.369 GBP 04/23/2019 MS 0.00%
SWPTN 5WX10Y R 2.421 USD 04/23/2019 CI 0.00%
SWPTN 5WX2Y R 2.41 USD 04/23/2019 CI 0.00%
SWPTN 5WX5Y P 2.2975 USD 05/02/2019 GS 0.00%
SWPTN 5WX5Y P 2.3975 USD 05/02/2019 GS 0.00%
SWPTN 5WX5Y R 2.10625 USD 04/29/2019 GS 0.00%
SWPTN 5WX5Y R 2.1975 USD 05/02/2019 GS 0.00%
SWPTN 5WX5Y R 2.20625 USD 04/29/2019 GS 0.00%
SWPTN 5WX5Y R 2.2975 USD 05/02/2019 GS 0.00%
SWPTN 5YX20Y P 1.11125 JPY 08/24/2023 BC 0.00%
SWPTN 7YX10Y P 2.97 USD 02/17/2026 MS 0.00%
SWPTN 7YX10Y P 3.01 USD 02/27/2026 MS 0.00%
SWPTN LIABILITY 1MX5Y P 2.2925 USD 04/29/2019 CI 0.00%
SWPTN LIABILITY 1MX5Y P 2.38875 USD 04/29/2019 CI 0.00%
SWPTN LIABILITY 1MX5Y R 2.19625 USD 04/29/2019 CI 0.00%
SWPTN LIABILITY 1MX5Y R 2.2925 USD 04/29/2019 CI 0.00%
SWPTN LIABILITY 5WX5Y P 2.2975 USD 05/02/2019 GS 0.00%
SWPTN LIABILITY 5WX5Y P 2.3975 USD 05/02/2019 GS 0.00%
SWPTN LIABILITY 5WX5Y R 2.1975 USD 05/02/2019 GS 0.00%
SWPTN LIABILITY 5WX5Y R 2.2975 USD 05/02/2019 GS 0.00%
THB/USD 05/15/2019 CITI 0.00%
UKRPI P 3.34 R 02/15/28 0.00%
UKRPI P 3.3875 R 03/15/28 0.00%
UKRPI P 3.4025 R 03/15/28 0.00%
US 10YR NOTE (CBT)JUN19 TYM9 0.00%
US 10YR ULTRA FUT JUN19 UXYM9 0.00%
US 2YR NOTE (CBT) JUN19 TUM9 0.00%
US 5YR NOTE (CBT) JUN19 FVM9 0.00%
US LONG BOND(CBT) JUN19 USM9 0.00%
US ULTRA BOND CBT JUN19 WNM9 0.00%
USD/CNH CALL 7.00 20190404 GSFX 0.00%
USD/CNH CALL 7.20 20190404 GSFX 0.00%
WBCMT 2007-C34 IO IO 00.0909 05/15/2046 0.00%
WILLIAMS COMPANIES INC 03.6000 03/15/2022 0.00%
-0.046 R ISWP FWD CHL6M P 09/21/2021 -0.01%
0.106 R ISWP EUR006M P 03/21/2024 -0.01%
0.29 R ISWP JPL6M P 12/19/2027 -0.01%
0.365 R ISWP JPL6M P 01/15/2028 -0.01%
0.366 R ISWP JPL6M P 02/16/2028 -0.01%
1.351 R ISWP FWD GBL6M P 06/19/2029 -0.01%
1.52 R ISWP FWD GBL6M P 04/16/2029 -0.01%
1.948 R ISWP CZECH INTERBANK RATES 6 MONTH P 03/19/2029 -0.01%
2.208 R ISWP CDOR03 P 03/19/2029 -0.01%
2.25 R ISWP FWD AUDBB6M P 06/19/2029 -0.01%
2.40 R ISWP FWD NFIX3MID P 06/19/2029 -0.01%
2.647 R ISWP FWD US0003M P 03/16/2030 -0.01%
2.6785 R ISWP US0003M P 02/13/2029 -0.01%
AUD/USD 04/17/2019 CSI-FX -0.01%
AUD/USD 04/17/2019 GSFX -0.01%
CAD/USD 04/17/2019 BANKAM -0.01%
CAD/USD 04/17/2019 SSBT -0.01%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP -0.01%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP -0.01%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 MS -0.01%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 MS -0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 CG -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 BA -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 BA -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 ML -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 MS -0.01%
CPURNSA R 2.05 P 12/06/22 -0.01%
CPURNSA R 2.068 P 12/21/22 -0.01%
EUR/USD 06/19/2019 BCAP-FX -0.01%
EUR/USD 06/19/2019 GSFX -0.01%
GBP/USD 06/19/2019 HSBCB -0.01%
GBP/USD 06/19/2019 JPMCB -0.01%
HUF/USD 06/19/2019 SSBT -0.01%
KRW/USD 05/15/2019 JPMCB -0.01%
NOK/USD 06/19/2019 JPMCB -0.01%
NOK/USD 06/19/2019 SSBT -0.01%
SWPTN 10YX10Y P 1.722 GBP 02/26/2029 GS -0.01%
SWPTN 10YX10Y R 1.722 GBP 02/26/2029 GS -0.01%
SWPTN 1YX10Y R 2.715 USD 02/27/2020 MS -0.01%
SWPTN 1YX10Y R 2.7225 USD 02/18/2020 MS -0.01%
SWPTN 2YX3Y P 2.975 USD 11/30/2020 JP -0.01%
SWPTN 3YX2Y P 2.486 USD 01/31/2022 JP -0.01%
SWPTN 3YX2Y P 2.56 USD 02/07/2022 JP -0.01%
SWPTN 6MX5Y P 0.215 EUR 08/07/2019 JP -0.01%
SWPTN 7YX10Y P 1.667 EUR 02/16/2026 JP -0.01%
SWPTN 7YX10Y R 2.97 USD 02/17/2026 MS -0.01%
SWPTN 7YX10Y R 3.01 USD 02/27/2026 MS -0.01%
SWPTN LIABILITY 12YX10Y R 2.5 USD 11/09/2029 JP -0.01%
SWPTN LIABILITY 5YX20Y P 1.11125 JPY 08/24/2023 BC -0.01%
SWPTN LIABILITY 5YX20Y R 1.11125 JPY 08/24/2023 BC -0.01%
UKRPI P 3.34 R 03/15/28 -0.01%
ZAR/USD 04/17/2019 GSFX -0.01%
-0.30 R ISWP FWD CHL6M P 06/19/2024 -0.02%
0.66875 R ISWP SES3M P 01/30/2023 -0.02%
0.9987 R ISWP EUR006M P 01/30/2028 -0.02%
2.55 R ISWP FWD US0003M P 06/19/2029 -0.02%
2.80 R ISWP FWD US0003M P 06/19/2049 -0.02%
CDX CDX.NA.HY.32 500.0 06/20/2024 -0.02%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CS -0.02%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP -0.02%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CG -0.02%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS -0.02%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 MS -0.02%
CPTFEMU R 1.42 P 08/15/27 -0.02%
NOK/USD 06/19/2019 GSFX -0.02%
SWPTN 3YX2Y R 2.486 USD 01/31/2022 JP -0.02%
SWPTN 3YX2Y R 2.56 USD 02/07/2022 JP -0.02%
SWPTN 7YX10Y R 1.667 EUR 02/16/2026 JP -0.02%
SWPTN LIABILITY 10YX20Y P 2.8175 USD 03/23/2027 GS -0.02%
SWPTN LIABILITY 10YX20Y R 2.8175 USD 03/23/2027 GS -0.02%
SWPTN LIABILITY 12YX10Y P 2.5 USD 11/09/2029 JP -0.02%
SWPTN LIABILITY 12YX10Y P 2.725 USD 11/08/2029 GS -0.02%
SWPTN LIABILITY 12YX10Y P 3.005 USD 11/16/2029 GS -0.02%
SWPTN LIABILITY 12YX10Y R 2.725 USD 11/08/2029 GS -0.02%
SWPTN LIABILITY 12YX10Y R 3.005 USD 11/16/2029 GS -0.02%
SWPTN LIABILITY 7YX25Y P 2.505 USD 11/13/2024 MS -0.02%
SWPTN LIABILITY 7YX25Y P 2.689 USD 11/12/2024 CI -0.02%
SWPTN LIABILITY 7YX25Y P 2.902 USD 11/08/2024 JP -0.02%
SWPTN LIABILITY 7YX25Y R 2.505 USD 11/13/2024 MS -0.02%
SWPTN LIABILITY 7YX25Y R 2.689 USD 11/12/2024 CI -0.02%
SWPTN LIABILITY 7YX25Y R 2.902 USD 11/08/2024 JP -0.02%
0.21 R ISWP EURIBOR6MD P 05/04/2022 -0.03%
1.104 R ISWP FWD EUR006M P 03/21/2029 -0.03%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.03%
CPTFEMU R 1.4275 P 08/15/27 -0.03%
CPTFEMU R 1.4475 P 09/15/27 -0.03%
SWPTN 1YX1Y R 2.58 USD 08/28/2019 MS -0.03%
SWPTN LIABILITY 5YX30Y P 3.27 USD 10/17/2023 MS -0.03%
SWPTN LIABILITY 5YX30Y R 3.27 USD 10/17/2023 MS -0.03%
1.61375 R ISWP FWD EUR006M P 10/27/2027 -0.04%
1.815 R ISWP FWD EUR006M P 02/27/2028 -0.04%
2.40 R ISWP FWD US0003M P 06/19/2024 -0.04%
2.77 R ISWP US0003M P 01/22/2021 -0.04%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.04%
CPTFEMU R 1.4375 P 09/15/23 -0.04%
CPTFEMU R 1.4413 P 09/15/23 -0.04%
CPTFEMU R 1.4425 P 09/15/23 -0.04%
CPTFEMU R 1.4438 P 09/15/23 -0.04%
EUR/USD 06/19/2019 JPMCB -0.04%
OPTN FN30 3.0 05/06/19 PUT 99.625 JPMC -0.04%
SWPTN 1YX2Y R 0.115 EUR 08/28/2019 GS -0.04%
SWPTN 5YX30Y P 3.215 USD 11/27/2023 GS -0.04%
SWPTN LIABILITY 10YX20Y P 1.921 EUR 10/18/2028 JP -0.04%
SWPTN LIABILITY 10YX20Y R 1.921 EUR 10/18/2028 JP -0.04%
SWPTN LIABILITY 6MX30Y P 1.28 EUR 08/07/2019 JP -0.04%
2.00 R ISWP FWD NFIX3MID P 06/19/2024 -0.05%
2.65 R ISWP FWD US0003M P 06/19/2029 -0.05%
CPTFEMU R 1.4 P 07/15/27 -0.05%
SWPTN 13WX10Y R 0.5 EUR 05/07/2019 MS -0.05%
SWPTN LIABILITY 7YX5Y P 2.647 USD 06/03/2024 BA -0.05%
SWPTN LIABILITY 7YX5Y P 2.654 USD 06/03/2024 CI -0.05%
SWPTN LIABILITY 7YX5Y R 2.647 USD 06/03/2024 BA -0.05%
SWPTN LIABILITY 7YX5Y R 2.654 USD 06/03/2024 CI -0.05%
SWPTN 1YX1Y R 2.8 USD 08/28/2019 MS -0.06%
SWPTN 2YX3Y R 2.975 USD 11/30/2020 JP -0.07%
SWPTN 5YX10Y P 3.229 USD 11/30/2023 JP -0.07%
SWPTN LIABILITY 10YX30Y P 1.72 EUR 11/27/2028 UB -0.07%
SWPTN LIABILITY 10YX30Y R 1.72 EUR 11/27/2028 UB -0.07%
1.90 R ISWP FWD AUDBB6M P 06/19/2024 -0.08%
SWPTN 5YX24Y R 3.0 USD 04/04/2024 MS -0.08%
SWPTN 5YX24Y R 3.0 USD 04/12/2024 MS -0.08%
SWPTN 6YX24Y R 3.0 USD 01/31/2025 MS -0.08%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP -0.09%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS -0.10%
2.55 R ISWP FWD US0003M P 06/19/2021 -0.11%
SWPTN 5YX30Y R 3.215 USD 11/27/2023 GS -0.11%
SWPTN LIABILITY 5YX30Y P 2.8325 USD 02/15/2022 JP -0.11%
SWPTN LIABILITY 5YX30Y R 2.8325 USD 02/15/2022 JP -0.11%
2.50 R ISWP FWD US0003M P 06/19/2024 -0.16%
3.065 R ISWP FWD US0003M P 01/03/2029 -0.16%
SWPTN 5YX10Y R 3.229 USD 11/30/2023 JP -0.20%
SWPTN 2YX20Y R 1.733 EUR 09/30/2019 JP -0.28%
FNMA FN30 TBA 04.5000 04/01/2049 -1.42%
FNMA FN30 TBA 03.0000 04/01/2049 -3.16%
FNMA FN30 TBA 03.5000 04/01/2049 -3.68%

Prior top 10 holdings

Top 10 holdings as of 06/30/19
Japan (10 Year Issue) 01.0000 09/20/2021
Japan (10 Year Issue) 00.8000 09/20/2023
Japan (30 Year Issue) 02.3000 03/20/2040
Japan (20 Year Issue) 02.3000 06/20/2027
European Investment Bank Gbp 05.6250 06/07/2032
Japan (20 Year Issue) 02.2000 03/20/2031
Gnma Gii30 Tba 04.5000 07/01/2049
Fnma Fn30 Tba Umbs 04.0000 08/01/2049
Japan (40 Year Issue) 02.2000 03/20/2051
Uk Tsy 4 2060 Regs 04.0000 01/22/2060
Holdings represent 18.32% of portfolio
Top 10 holdings as of 05/31/19
Japan (10 Year Issue) 01.0000 09/20/2021
Japan (10 Year Issue) 00.8000 09/20/2023
Japan (30 Year Issue) 02.3000 03/20/2040
Japan (20 Year Issue) 02.3000 06/20/2027
European Investment Bank Gbp 05.6250 06/07/2032
Gnma Gii30 Tba 04.5000 06/01/2049
Fnma Fn30 Tba Umbs 04.0000 07/01/2049
Japan (20 Year Issue) 02.2000 03/20/2031
Japan (40 Year Issue) 02.2000 03/20/2051
Uk Tsy 4 2060 Regs 04.0000 01/22/2060
Holdings represent 18.56% of portfolio
Top 10 holdings as of 04/30/19
Japan (10 Year Issue) 01.0000 09/20/2021
Japan (10 Year Issue) 00.8000 09/20/2023
Umbs Fn30 Tba 04.0000 06/01/2049
Japan (30 Year Issue) 02.3000 03/20/2040
Japan (20 Year Issue) 02.3000 06/20/2027
European Investment Bank Gbp 05.6250 06/07/2032
Buoni Poliennali Del P/P Regs 04.7500 08/01/2023
Gnma Gii30 Tba 04.5000 05/01/2049
Buoni Poliennali Del Tes 06.5000 11/01/2027
Japan (20 Year Issue) 02.2000 03/20/2031
Holdings represent 19.63% of portfolio
Top 10 holdings as of 03/31/19
Japan (10 Year Issue) 01.0000 09/20/2021
Japan (10 Year Issue) 00.8000 09/20/2023
Fnma Fn30 Tba 04.0000 04/01/2049
Japan (30 Year Issue) 02.3000 03/20/2040
Japan (20 Year Issue) 02.3000 06/20/2027
Buoni Poliennali Del P/P Regs 04.7500 08/01/2023
European Investment Bank Gbp 05.6250 06/07/2032
Gnma Gii30 Tba 04.5000 04/01/2049
Buoni Poliennali Del Tes 06.5000 11/01/2027
Japan (20 Year Issue) 02.2000 03/20/2031
Holdings represent 19.89% of portfolio

Fixed income statistics as of 06/30/19

Average effective maturity 8.56 yrs.
Average effective duration 7.35 yrs.
Average yield to maturity 2.73%
Average coupon 3.66%
Average price $106.20

Maturity detail as of 06/30/19

0 - 1 yr. 8.61%
1 - 5 yrs. 31.68%
5 - 10 yrs. 40.46%
10 - 15 yrs. 4.47%
Over 15 yrs. 14.78%

Quality rating as of 06/30/19

AAA 15.62%
AA 9.39%
A 29.24%
BBB 28.30%
BB 6.37%
B 0.95%
CCC and Below 1.53%
Not Rated 8.60%

Fund characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: International investing involves currency, economic, and political risks. Emerging-market securities carry illiquidity and volatility risks. Lower-rated bonds may offer higher yields in return for more risk. Funds that invest in government securities are not guaranteed. Mortgage-backed investments, unlike traditional debt investments, are 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. The fund concentrates on a limited group of industries and is non-diversified. Because the fund may invest in fewer issuers than a diversified fund, it is vulnerable to common economic forces and may result in greater losses and volatility. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds. Risks associated with derivatives include increased investment exposure (which may be considered leverage) and, in the case of over-the-counter instruments, the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. Unlike bonds, funds that invest in bonds have fees and expenses. 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, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund's portfolio holdings. You can lose money by investing in the fund.

Credit qualities are shown as a percentage of the fund's net assets. A bond rated BBB or higher (A-3 or higher, for short-term debt) is considered investment grade. This chart reflects the highest security rating provided by one or more of Standard & Poor’s, Moody’s, and Fitch. To-be-announced (TBA) mortgage commitments, if any, are included based on their issuer ratings. Ratings may vary over time. Cash, derivative instruments, and net other assets are shown in the not-rated category. Payables and receivables for TBA mortgage commitments are included in the not-rated category and may result in negative weights. The fund itself has not been rated by an independent rating agency.

Country allocation as of 06/30/19

United States 54.94%
Japan 14.48%
France 4.00%
Italy 3.14%
Canada 2.99%
Spain 2.57%
United Kingdom 2.52%
Supra-Nation 1.89%
Greece 1.86%
 
Other
11.61%
Mexico 1.63%
Switzerland 1.30%
Brazil 0.98%
Belgium 0.88%
Australia 0.86%
Netherlands 0.67%
Indonesia 0.56%
Bermuda 0.54%
South Africa 0.50%
Austria 0.49%
Sweden 0.48%
Argentina 0.44%
Malaysia 0.30%
Portugal 0.29%
Ivory Coast 0.28%
Ireland 0.26%
Poland 0.24%
Denmark 0.21%
Russia 0.19%
Norway 0.17%
Germany 0.12%
Senegal 0.11%
Uruguay 0.11%
New Zealand 0.05%
Israel 0.03%
Thailand 0.02%
South Korea 0.01%
Venezuela 0.01%
China -0.01%
Czech Republic -0.02%
European Community -0.09%

Expenses

Expense ratio

Class A Class B Class C Class M Class R Class R5 Class R6 Class Y
Total expense ratio 1.24% 1.99% 1.99% 1.49% 1.49% 0.88% 0.82% 0.99%
What you pay† 1.22% 1.97% 1.97% 1.47% 1.47% 0.86% 0.80% 0.97%

† The fund's expense ratio is taken from the most recent prospectus and is subject to change. What you pay reflects Putnam Management's decision to contractually limit expenses through 02/28/20

Sales charge

 Breakpoint Class A Class B Class C Class M Class R Class R5 Class R6 Class Y
$0-$49,999 4.00% / 3.50% 0.00% / 4.00% 0.00% / 1.00% 3.25% / 3.00% -- -- -- --
$50,000-$99,999 4.00% / 3.50% 0.00% / 4.00% 0.00% / 1.00% 2.25% / 2.00% -- -- -- --
$100,000-$249,999 3.25% / 2.75% -- 0.00% / 1.00% 1.25% / 1.00% -- -- -- --
$250,000-$499,999 2.50% / 2.00% -- 0.00% / 1.00% 1.00% / 1.00% -- -- -- --
$500,000-$999,999 0.00% / 1.00% -- -- -- -- -- -- --
$1M-$4M 0.00% / 1.00% -- -- -- -- -- -- --
$4M-$50M 0.00% / 0.50% -- -- -- -- -- -- --
$50M+ 0.00% / 0.25% -- -- -- -- -- -- --

CDSC

  Class A (sales for $500,000+) 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% 0.40% 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 $500,000 and participant-directed qualified retirement plans, see a Putnam fund prospectus and the statement of additional information.

The Bloomberg Barclays Global Aggregate Bond Index is an unmanaged index of global investment-grade fixed-income securities. You cannot invest directly in an index.

Consider these risks before investing: International investing involves currency, economic, and political risks. Emerging-market securities carry illiquidity and volatility risks. Lower-rated bonds may offer higher yields in return for more risk. Funds that invest in government securities are not guaranteed. Mortgage-backed investments, unlike traditional debt investments, are 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. The fund concentrates on a limited group of industries and is non-diversified. Because the fund may invest in fewer issuers than a diversified fund, it is vulnerable to common economic forces and may result in greater losses and volatility. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds. Risks associated with derivatives include increased investment exposure (which may be considered leverage) and, in the case of over-the-counter instruments, the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. Unlike bonds, funds that invest in bonds have fees and expenses. 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, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund's portfolio holdings. You can lose money by investing in the fund.

Credit qualities are shown as a percentage of the fund's net assets. A bond rated BBB or higher (A-3 or higher, for short-term debt) is considered investment grade. This chart reflects the highest security rating provided by one or more of Standard & Poor’s, Moody’s, and Fitch. To-be-announced (TBA) mortgage commitments, if any, are included based on their issuer ratings. Ratings may vary over time. Cash, derivative instruments, and net other assets are shown in the not-rated category. Payables and receivables for TBA mortgage commitments are included in the not-rated category and may result in negative weights. The fund itself has not been rated by an independent rating agency.