Active Income

Global Income Trust (Class B)  (PGLBX)

Seeking attractive bond investments across world markets since 1987 (Class B shares are closed to new investors)

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 $12.26
0.08% | $0.01
$12.40
08/28/19
$11.37
11/27/18
Historical fund price

Fund facts as of 08/31/19

Total net assets
$234.04M
Turnover (fiscal year end)
451%
Dividend frequency (view rate)
Monthly
Number of holdings
993
Fiscal year-end
October
CUSIP / Fund code
74677Q208 / 0220
Inception date
02/01/94
Category
Taxable Income
Class B shares are closed to new investors
Ticker
PGLBX

Management team

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


Manager commentary | Q2 2019

Trade conflict may persist

Bill Kohli, Chief Investment Officer, Fixed Income, explains why he sees the trade conflict as "noise" and not a major trade war.


Literature


How the Japan election may influence global interest rates
The Japan election could have consequences for the future leadership of the Bank of Japan and the country's impact on global interest rate trends.
Why Brazil's crisis creates new concerns
The revelations of May 17 may pose a threat to President Temer's administration, and therefore a threat to Brazil's short- and medium-term economic outlook.
See the dove in the Fed's dot plot
The market sees a more hawkish Fed in the December 2016 rate hike, but we see see signs of a dove in the Fed's dot plot.

Performance

Consistency of positive performance over five years

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

Performance shown above 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 see below.

13.16%

Best 5-year annualized return

(for period ending 09/30/92)


-0.52%

Worst 5-year annualized return

(for period ending 12/31/01)


5.00%

Average 5-year annualized return


  • 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 4.57% 2.43% 0.95% 4.42%
After sales charge -0.43% 1.47% 0.58% 4.42%
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 08/31/19 1.82% -3.18%
YTD as of 09/20/19 7.65% 2.65%

Yield

Distribution rate before sales charge
as of 09/20/19
1.17%
Distribution rate after sales charge
as of 09/20/19
1.17%
30-day SEC yield as of 08/30/19 0.99%

Lipper rankings as of 08/31/19

Time period Rank/Funds in category Percentile ranking
1 yr. 129/206 63%
3 yrs. 87/172 51%
5 yrs. 101/159 64%
10 yrs. 39/94 42%
Lipper category: Global Income Funds

Morningstar Ratings as of 08/31/19

Time period Funds in category Morningstar Rating
Overall 199
3 yrs. 199
5 yrs. 189
10 yrs. 116
Morningstar category: World Bond

Distributions

Record/Ex dividend date 08/28/19
Payable date 08/30/19
Income $0.012
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.


Holdings

Top 10 holdings as of 08/31/19

Japan (10 Year Issue) 01.0000 09/20/2021 2.91%
Japan (10 Year Issue) 00.8000 09/20/2023 2.75%
Japan (30 Year Issue) 02.3000 03/20/2040 2.40%
Fnma Fn30 Tba Umbs 04.0000 09/01/2049 2.22%
Japan (20 Year Issue) 02.3000 06/20/2027 1.81%
Fnma Fn30 Tba Umbs 03.0000 09/01/2049 1.74%
European Investment Bank Gbp 05.6250 06/07/2032 1.55%
Japan (40 Year Issue) 02.2000 03/20/2051 1.42%
Japan (20 Year Issue) 02.2000 03/20/2031 1.38%
Gnma Gii30 Tba 04.5000 09/01/2049 1.34%
Top 10 holdings, percent of portfolio 19.52%

Full portfolio holdings as of 06/30/19

90DAY EURO$ FUTR SEP19 EDU9 13.82%
US 2YR NOTE (CBT) SEP19 TUU9 6.22%
JAPAN (10 YEAR ISSUE) 01.0000 09/20/2021 2.96%
JAPAN (10 YEAR ISSUE) 00.8000 09/20/2023 2.80%
US 10YR NOTE (CBT)SEP19 TYU9 2.56%
JAPAN (30 YEAR ISSUE) 02.3000 03/20/2040 2.37%
US ULTRA BOND CBT SEP19 WNU9 1.97%
MBX.FN30.500.10 R USL1M P 01/12/41 BC 1.85%
JAPAN (20 YEAR ISSUE) 02.3000 06/20/2027 1.84%
US 5YR NOTE (CBT) SEP19 FVU9 1.78%
EUROPEAN INVESTMENT BANK GBP 05.6250 06/07/2032 1.60%
EURO-BUND FUTURE SEP19 RXU9 1.40%
GNMA GII30 TBA 04.5000 07/01/2049 1.39%
JAPAN (20 YEAR ISSUE) 02.2000 03/20/2031 1.38%
FNMA FN30 TBA UMBS 04.0000 08/01/2049 1.38%
JAPAN (40 YEAR ISSUE) 02.2000 03/20/2051 1.37%
US LONG BOND(CBT) SEP19 USU9 1.18%
UK TSY 4 2060 REGS 04.0000 01/22/2060 1.16%
JAPAN (20 YEAR ISSUE) 00.4000 03/20/2036 1.15%
US 10YR ULTRA FUT SEP19 UXYU9 1.10%
GNMA GII30 TBA 04.0000 07/01/2049 0.92%
FNMA FN30 TBA UMBS 04.0000 07/01/2049 0.92%
GNMA GII30 TBA 03.0000 07/01/2049 0.91%
FRANCE (GOVT OF) REGS 02.7500 10/25/2027 0.90%
BUONI POLIENNALI DEL P/P REGS 04.7500 08/01/2023 0.80%
FRANCE (GOVT OF) REGS 00.5000 05/25/2025 0.79%
FRANCE (GOVT OF) REGS 04.5000 04/25/2041 0.75%
FRANCE (GOVT OF) REGS 03.2500 10/25/2021 0.73%
JAPAN (10 YEAR ISSUE) 00.1000 03/20/2027 0.73%
TREASURY BILL 00.0000 08/06/2019 0.72%
DBUBS 2011-LC3A D P/P 144A 05.5115 08/10/2044 0.70%
UK TSY 2 3/4 2024 REGS 02.7500 09/07/2024 0.69%
UNITED MEXICAN STATES USD 05.5500 01/21/2045 0.66%
LONG GILT FUTURE SEP19 G U9 0.66%
BUONI POLIENNALI DEL TES 06.5000 11/01/2027 0.58%
JPMCC 2012-C8 D P/P 144A 04.8049 10/15/2045 0.57%
BUONI POLIENNALI DEL TES 02.5000 12/01/2024 0.57%
REP OF INDONESIA P/P 144A 03.3750 04/15/2023 0.56%
JPMCC 2012-C6 E P/P 144A 05.3202 05/15/2045 0.55%
CAS 2015-C04 2M2 07.9544 04/25/2028 0.55%
BUONI POLIENNALI P/P REGS 04.7500 09/01/2044 0.54%
BONOS Y OBLIG DEL ES P/P REGS 04.4000 10/31/2023 0.54%
BONOS Y OBLIG P/P REGS 05.1500 10/31/2028 0.54%
MWST 2018-W1 A 03.2544 11/25/2051 0.53%
BRISTOL-MYERS P/P 144A 03.4000 07/26/2029 0.52%
EURO BUXL 30Y BND SEP19 UBU9 0.51%
ONTARIO (PROVINCE OF) 03.1500 06/02/2022 0.50%
SAIL 2004-10 A10 03.3044 11/25/2034 0.50%
BUONI POLIENNALI DEL TES 04.0000 09/01/2020 0.49%
EURO-BOBL FUTURE SEP19 OEU9 0.48%
CFCRE 2011-C2 E P/P 144A 05.9393 12/15/2047 0.47%
VERIZON COMM 04.3290 09/21/2028 0.47%
GNMA GII30 TBA 03.5000 07/01/2049 0.46%
CIT GROUP INC. 05.2500 03/07/2025 0.46%
SALESFORCE.COM INC 03.7000 04/11/2028 0.45%
SPST 2018-3 A 03.1296 07/24/2019 0.44%
SPST 2019-3 A 03.1296 06/24/2020 0.44%
FIRSTENERGY TRANSMIS P/P 144A 05.4500 07/15/2044 0.44%
TREASURY BILL 00.0000 08/08/2019 0.43%
GOLDMAN SACHS GROUP INC 04.2230 05/01/2029 0.41%
STACR 2016-DNA3 M3 07.4044 12/25/2028 0.41%
CAS 2016-C02 1M2 08.4044 09/25/2028 0.40%
INTERPUBLIC GROUP COS 04.6500 10/01/2028 0.40%
MSBAM 2012-C5 AS 03.7920 08/15/2045 0.39%
ELANCO ANIMAL HEALTH 04.9000 08/28/2028 0.39%
FAIRFAX FINL HLDGS USD 04.8500 04/17/2028 0.39%
AUSTRALIAN GOVERNMENT REGS 02.2500 05/21/2028 0.38%
CSMC 2016-NXSR C 04.5060 12/15/2049 0.38%
WFRBS 2013-C18 AS 04.3870 12/15/2046 0.38%
CSAIL 2015-C1 C 04.4364 04/15/2050 0.38%
SWEDISH GOVERNMENT 03.5000 06/01/2022 0.38%
SPST 2018-5 A 03.1296 09/24/2019 0.37%
BP CAP MARKETS AMERICA 03.9370 09/21/2028 0.36%
CITIGROUP INC 04.4500 09/29/2027 0.36%
CF INDUSTRIES INC P/P 144A 04.5000 12/01/2026 0.36%
REPUBLIC OF SOUTH AFRICA 07.7500 02/28/2023 0.36%
HELLENIC REPUBLIC REGS 03.0000 02/24/2029 0.35%
BPCE SA P/P 144A 04.5000 03/15/2025 0.35%
BELGIUM KINGDOM P/P REGS 01.0000 06/22/2026 0.34%
KEURIG DR PEPPER INC 04.5970 05/25/2028 0.34%
HELLENIC REPUBLIC REGS 03.0000 02/24/2023 0.34%
AIR LEASE CORP 04.6250 10/01/2028 0.34%
BELGIUM KINGDOM P/P REGS 04.2500 03/28/2041 0.34%
IHS MARKIT LTD P/P 144A 04.7500 02/15/2025 0.33%
SWPTN 2YX13Y R 3.162 USD 11/30/2020 JP 0.33%
DIGITAL REALTY TRUST LP 04.4500 07/15/2028 0.33%
EMIR 2018-1 M1 04.1044 11/25/2028 0.33%
SPANISH GOV'T P/P REGS 05.1500 10/31/2044 0.33%
FISERV INC 04.2000 10/01/2028 0.32%
HELLENIC REPUBLIC REGS 03.0000 02/24/2030 0.32%
ENERGY TRANSFER OPERA 05.8750 01/15/2024 0.32%
CGCMT 2014-GC21 AS 04.0260 05/10/2047 0.32%
MEX BONOS DESARR FIX RT 10.0000 12/05/2024 0.32%
CONCHO RESOURCES INC 03.7500 10/01/2027 0.31%
NETHERLANDS GOV P/P REGS 00.5000 07/15/2026 0.31%
COMM 2014-CR17 C 04.9513 05/10/2047 0.30%
HILTON WORLDWIDE FIN LLC 04.8750 04/01/2027 0.30%
MALAYSIA GOVERNMENT 03.8990 11/16/2027 0.30%
TELEFONICA EMISIONES SAU USD 04.8950 03/06/2048 0.30%
DIAMOND 1 FIN/DIAM P/P 144A 06.0200 06/15/2026 0.29%
LEAR CORP 03.8000 09/15/2027 0.29%
CHENIERE CORP CHRIST 05.1250 06/30/2027 0.29%
MICROCHIP TECH INC 04.3330 06/01/2023 0.28%
ONTARIO (PROVINCE OF) 06.5000 03/08/2029 0.28%
GSAA 2006-15 AF3A 05.8825 09/25/2036 0.28%
SIRIUS XM RADIO INC P/P 144A 05.0000 08/01/2027 0.28%
ASHTEAD CAPITAL INC P/P 144A 04.3750 08/15/2027 0.28%
OBRIGACOES DO TESO P/P REGS 02.8750 07/21/2026 0.28%
WAMU 2005-AR12 1A8 03.9935 10/25/2035 0.28%
CANADIAN GOVERNMENT 00.5000 03/01/2022 0.28%
EUROPEAN INVESTMENT BANK 04.1250 04/15/2024 0.28%
ROYAL BK SCOTLND GRP PLC USD 04.8920 05/18/2029 0.28%
ARGENTINE REPUBLIC USD 06.8750 01/26/2027 0.28%
UBS GROUP FUNDIN P/P 144A 04.1250 04/15/2026 0.27%
BRDCOM CRP / FIN 03.8750 01/15/2027 0.27%
SWITZERLAND REGS 04.0000 04/08/2028 0.27%
MSBAM 2014-C17 C 04.6549 08/15/2047 0.27%
NRG ENERGY INC P/P 144A 04.4500 06/15/2029 0.27%
HELLENIC REPUBLIC P/P REGS 04.3750 08/01/2022 0.26%
WESTERN DIGITAL CORP 04.7500 02/15/2026 0.26%
SWITZERLAND REGS 02.0000 05/25/2022 0.26%
PETROBRAS GLOBAL FINANCE USD 06.2500 03/17/2024 0.26%
ALIMENTATION COUCHE-TARD 3.550000 07/26/2027 0.26%
MASS MUTUAL LIFE P/P 144A 08.8750 06/01/2039 0.26%
REPUBLIC OF AUSTRIA P/P REGS 00.5000 04/20/2027 0.26%
CHARTER COMM OPT LLC 06.4840 10/23/2045 0.25%
LNSTR 2015-3 C P/P 144A 03.2727 04/20/2048 0.25%
AUSTRALIAN GOVERNMENT REGS 05.5000 04/21/2023 0.25%
WFRBS 2013-UBS1 AS 04.3060 03/15/2046 0.25%
GSMS 2013-GC10 E P/P 144A 04.5415 02/10/2046 0.25%
OSHKOSH CORP 04.6000 05/15/2028 0.24%
BMIR 2018-2A M1B P/P 144A 03.7544 08/25/2028 0.24%
WEC ENERGY GROUP INC 04.6305 05/15/2067 0.24%
CAN 10YR BOND FUT SEP19 CNU9 0.24%
POLAND GOVERNMENT BOND PLN 02.5000 01/25/2023 0.24%
WESTLAKE CHEM CORP 03.6000 08/15/2026 0.24%
PETROLEOS MEXICANOS USD 06.5000 03/13/2027 0.24%
SABINE PASS LIQUEF 05.0000 03/15/2027 0.24%
AMERICAN INTL GROUP 08.1750 05/15/2058 0.24%
STACR 2014-DN4 M3 06.9544 10/25/2024 0.23%
AMAZON.COM INC 04.0500 08/22/2047 0.23%
MSBAM 2014-C18 C 04.6249 10/15/2047 0.23%
ZOETIS INC 03.9000 08/20/2028 0.23%
WASTE CONNECTIONS INC 03.5000 05/01/2029 0.23%
SWPTN 1YX10Y R 3.096 USD 11/29/2019 JP 0.23%
SWPTN 2YX10Y R 1.376 EUR 09/30/2019 JP 0.23%
BANK OF AMERICA CORP 06.5000 10/29/2049 0.22%
FEDERATIVE REP OF BRAZIL USD 04.2500 01/07/2025 0.22%
GNMA GII30 BD1731 03.5000 01/20/2048 0.22%
GNR 2016-H23 NI IO 02.2542 10/20/2066 0.22%
COX COMM INC P/P 144A 03.5000 08/15/2027 0.22%
LAMB WESTON HOLDINGS P/P 144A 04.8750 11/01/2026 0.22%
AT&T INC 04.3500 03/01/2029 0.22%
TRK 2019-1 A1 04.3356 03/25/2022 0.22%
CROWN CASTLE INTL CORP 03.6500 09/01/2027 0.22%
SWPTN 2YX30Y R 1.758 EUR 09/30/2019 JP 0.22%
AT&T INC 04.1000 02/15/2028 0.21%
GNMA 10000 BE3158 03.5000 11/20/2047 0.21%
IRISH TSY 5.4 2025 05.4000 03/13/2025 0.21%
WAMU 2005-AR9 A1C3 03.3644 07/25/2045 0.21%
ALLY FINANCIAL INC 05.7500 11/20/2025 0.21%
CBS CORP 04.2000 06/01/2029 0.21%
CVS HEALTH CORP 04.7800 03/25/2038 0.21%
NUTRIEN LTD. USD 04.2000 04/01/2029 0.21%
SHERWIN-WILLIAMS CO 03.4500 06/01/2027 0.21%
CWALT 2006-OA7 1A2 03.4437 06/25/2046 0.21%
WFRBS 2011-C2 D P/P 144A 05.8388 02/15/2044 0.20%
ERAC USA FINANCE LLC P/P 144A 05.6250 03/15/2042 0.20%
TRANSCANADA TRUST USD 05.3000 03/15/2077 0.20%
EQT CORP 03.9000 10/01/2027 0.20%
CPTFEMU P 1.71 R 07/15/37 0.20%
GNR 2015-H09 AI IO 02.0578 04/20/2065 0.20%
GSMS 2013-GC10 XA IO 01.6567 02/10/2046 0.20%
JOHNSON CONTROLS INTL PL 04.5000 02/15/2047 0.20%
CREDIT SUISSE GRP AG P/P 144A 03.8690 01/12/2029 0.20%
UNITED MEXICAN STATES USD 04.0000 10/02/2023 0.20%
AON PLC USD 04.2500 12/12/2042 0.19%
GNR 2017-H02 BI IO 02.3484 01/20/2067 0.19%
GNR 2017-H04 BI IO 02.5414 02/20/2067 0.19%
BELGIUM KINGDOM P/P REGS 04.2500 09/28/2022 0.19%
GSMS 2010-C1 D P/P 144A 06.1971 08/10/2043 0.19%
GLENCORE FUNDING LLC P/P 144A 04.6250 04/29/2024 0.19%
NETHERLANDS GOVT P/P REGS 03.7500 01/15/2042 0.19%
BANCO SANTANDER SA USD 04.3790 04/12/2028 0.19%
CWALT 2006-OA10 4A1 02.5944 08/25/2046 0.19%
PETROBRAS GLOBAL FINANCE USD 06.1250 01/17/2022 0.19%
CAS 2016-C03 1M2 07.7044 10/25/2028 0.19%
PETROLEOS MEXICANOS USD 05.5000 01/21/2021 0.19%
HELLENIC REPUBLIC REGS 03.0000 02/24/2026 0.19%
WAMU 2005-AR2 2A1B 02.7744 01/25/2045 0.19%
UNITEDHEALTH GROUP INC 03.8500 06/15/2028 0.18%
COMM 2014-CR18 C 04.8912 07/15/2047 0.18%
ENERGY TRANSFER OPERATNG 06.6250 02/15/2028 0.18%
WFCM 2016-BNK1 AS 02.8140 08/15/2049 0.18%
AUSTRALIAN GOVERNMENT REGS 01.7500 11/21/2020 0.18%
SWPTN 1YX1Y R 3.02 USD 08/28/2019 MS 0.18%
VIDEOTRON LTD / LTEE P/P 144A 05.1250 04/15/2027 0.18%
COMM 2015-LC21 XA IO 00.9118 07/10/2048 0.18%
CREDIT AGRICOLE SA P/P 144A 04.0000 01/10/2033 0.18%
GNMA GII30 BD1729 03.5000 01/20/2048 0.18%
GNR 2015-H03 DI IO 01.9927 01/20/2065 0.18%
GNR 2017-H11 NI IO 02.2977 05/20/2067 0.18%
EQUINIX INC 05.3750 05/15/2027 0.18%
BSCMS 2006-PW11 B P/P 144A 05.8095 03/11/2039 0.17%
EOG RESOURCES INC 04.1500 01/15/2026 0.17%
GNR 2016-H16 EI IO 02.2306 06/20/2066 0.17%
FNR 2015-28 IO IO 05.5000 05/25/2045 0.17%
GNMA 10000 BC8223 03.5000 11/20/2047 0.17%
WELLS FARGO BANK NA 06.6000 01/15/2038 0.17%
STACR 2014-HQ3 M3 07.1544 10/25/2024 0.17%
BMIR 2017-1 M1 P/P 144A 04.1044 10/25/2027 0.17%
COMM 2014-UBS6 XA IO 01.0876 12/10/2047 0.17%
JPMBB 2014-C22 XA IO 01.0097 09/15/2047 0.16%
NETHERLANDS GOVT P/P REGS 02.2500 07/15/2022 0.16%
WFCM 2013-LC12 C 04.4208 07/15/2046 0.16%
COMM 2012-CR2 AM 03.7910 08/15/2045 0.16%
CMLTI 2005-2 1A2A 04.9214 05/25/2035 0.16%
CROWN CASTLE INTL CORP 04.7500 05/15/2047 0.16%
FIDELITY NATIONAL INFORM 04.2500 05/15/2028 0.16%
GNR 2012-91 IN IO 04.5000 05/20/2042 0.16%
HELLENIC REPUBLIC REGS 03.4500 04/02/2024 0.16%
BONOS Y OBLIG DEL ES P/P REGS 04.6500 07/30/2025 0.16%
FHR 4165 TI IO 03.0000 12/15/2042 0.16%
GNR 2016-47 CI IO 04.0000 09/20/2045 0.16%
BONOS Y OBLIG DEL ESTADO 00.7500 07/30/2021 0.16%
JPMBB 2013-C12 XA IO 00.6150 07/15/2045 0.16%
MARSH & MCLENNAN COS INC 04.3750 03/15/2029 0.16%
GSMS 2013-GC16 D P/P 144A 05.4877 11/10/2046 0.15%
3.073 R ISWP FWD US0003M P 03/04/2029 0.15%
FIDELITY NATL INFO SERV 03.7500 05/21/2029 0.15%
AMERICAN ELECTRIC POWER 04.3000 12/01/2028 0.15%
GNR 2016-83 PI IO 03.5000 06/20/2045 0.15%
WFRBS 2013-C14 XA IO 00.8687 06/15/2046 0.15%
BGC PARTNERS INC 05.1250 05/27/2021 0.15%
INTL FLAVOR & FRAGRANCES 04.4500 09/26/2028 0.15%
KKR GR FIN CO P/P 144A 03.7500 07/01/2029 0.15%
PETROBRAS GLOBAL FINANCE USD 07.3750 01/17/2027 0.15%
HCA INC 05.5000 06/15/2047 0.15%
GNR 2016-H07 HI IO 01.8568 02/20/2066 0.15%
CCMFC 2006-4A A2 02.5844 11/25/2047 0.14%
FRANCE (GOVT OF) REGS 04.0000 04/25/2055 0.14%
MBX.GII30.450.10 R USL1M P 01/12/41 CS 0.14%
SAMI 2007-AR7 1A1 03.2544 05/25/2047 0.14%
UBS GROUP FUNDING SWITZE REGS 06.8750 12/29/2049 0.14%
2.776 R ISWP FWD US0003M P 03/21/2029 0.14%
JPMBB 2014-C22 C 04.7093 09/15/2047 0.14%
JPMCC 2013-C16 XA IO 01.1088 12/15/2046 0.14%
REPUBLIC OF SOUTH AFRICA USD 04.8500 09/27/2027 0.14%
CVS PASS-THRU TRUST P/P 144A 07.5070 01/10/2032 0.14%
IVORY COAST REGS 06.1250 06/15/2033 0.14%
CAS 2015-C01 1M2 06.7044 02/25/2025 0.14%
FNR 2012-116 SA IO 04.7956 10/25/2042 0.14%
KINGDOM OF DENMARK 01.7500 11/15/2025 0.14%
MWST 2019-1 A 03.2044 06/25/2052 0.14%
WAMU 2005-AR13 A1C3 02.8944 10/25/2045 0.14%
WESTROCK MWV LLC 08.2000 01/15/2030 0.14%
CBS CORP 02.9000 01/15/2027 0.14%
CROWN CASTLE INTL CORP 03.8000 02/15/2028 0.13%
IVORY COAST REGS 05.3750 07/23/2024 0.13%
UBSCM 2012-C1 C P/P 144A 05.7280 05/10/2045 0.13%
GNR 2015-80 IA IO 04.5000 06/20/2045 0.13%
HMIR 2018-1 M1 P/P 144A 03.8300 10/25/2028 0.13%
MARM 2004-13 3A7 04.6633 11/21/2034 0.13%
GSMS 2011-GC3 D P/P 144A 05.8247 03/10/2044 0.13%
NRG P/P 144A 03.7500 06/15/2024 0.13%
JPMCC 2013-LC11 AS 03.2160 04/15/2046 0.13%
METLIFE CAP TRST IV P/P 144A 07.8750 12/15/2037 0.13%
MICROSOFT CORP 03.7000 08/08/2046 0.13%
TARGA RESOURCES PART 05.0000 01/15/2028 0.13%
MSBAM 2012-C6 D P/P 144A 04.7621 11/15/2045 0.13%
SWPTN BERM 5YX25Y R 3.0 USD 02/03/2048 MS 0.13%
AES CORP/THE 05.1250 09/01/2027 0.13%
GNR 2016-H13 EI IO 02.3236 04/20/2066 0.13%
PENSKE TRUCK LE P/P 144A 03.4000 11/15/2026 0.13%
SWPTN BERM 5YX25Y R 3.0 USD 04/06/2047 MS 0.13%
SWPTN BERM 5YX25Y R 3.0 USD 04/17/2047 MS 0.13%
0.601 R ISWP FWD EUR006M P 06/19/2029 0.12%
L3 TECHNOLOGIES INC 03.8500 12/15/2026 0.12%
VMWARE INC 03.9000 08/21/2027 0.12%
AMGEN INC 04.6630 06/15/2051 0.12%
CPTFEMU P 1.7138 R 08/15/37 0.12%
KINDER MORGAN ENER PART 05.4000 09/01/2044 0.12%
CANADIAN GOVERNMENT 03.5000 12/01/2045 0.12%
GOLDMAN SACHS GROUP INC 03.8500 01/26/2027 0.12%
GNR 2014-H12 BI IO 01.5770 05/20/2064 0.12%
STACR 2014-HQ2 M3 06.1544 09/25/2024 0.12%
STANDARD IND INC P/P 144A 05.0000 02/15/2027 0.12%
HOSPITALITY PROP TRUST 04.3750 02/15/2030 0.12%
WFRBS 2011-C4 E P/P 144A 05.3968 06/15/2044 0.12%
WAMU 2005-AR1 A1B 03.1844 01/25/2045 0.12%
AMERICAN TOWER CORP 03.3750 10/15/2026 0.12%
CELANESE US HOLDINGS LLC 03.5000 05/08/2024 0.12%
CWALT 2006-24CB A13 02.7544 08/01/2036 0.12%
BONOS Y OBLIG DEL ES P/P REGS 04.2000 01/31/2037 0.12%
REPUBLIC OF AUSTRIA P/P REGS 01.5000 02/20/2047 0.12%
UBSCM 2017-C7 XA IO 01.2173 12/15/2050 0.12%
BUONI POLIENNALI DEL P/P REGS 04.0000 02/01/2037 0.12%
JPMCC 2012-LC9 D P/P 144A 04.5291 12/15/2047 0.12%
GNR 2016-75 LI IO 06.0000 01/20/2040 0.11%
CAS 2015-C04 1M2 08.1044 04/25/2028 0.11%
REPUBLIC OF AUSTRIA P/P REGS 03.6500 04/20/2022 0.11%
WFRBS 2012-C10 D P/P 144A 04.5864 12/15/2045 0.11%
COMM 2014-UBS6 C 04.6048 12/10/2047 0.11%
GNR 2017-H19 MI IO 02.0444 04/20/2067 0.11%
JPMCC 2012-C6 AS 04.1166 05/15/2045 0.11%
GNR 2015-H26 EI IO 01.7336 10/20/2065 0.11%
GENERAL MOTORS FINL CO 04.0000 10/06/2026 0.11%
GNR 2015-H26 DI IO 01.9125 10/20/2065 0.11%
REPUBLICA ORIENT URUGUAY USD 04.3750 10/27/2027 0.11%
VISTRA OPERATION P/P 144A 03.5500 07/15/2024 0.11%
AMERICAN TOWER CORP 03.5500 07/15/2027 0.11%
FHR 4369 IA IO 03.5000 07/15/2044 0.11%
SWPTN BERM 5YX25Y R 2.75 USD 05/26/2048 MS 0.11%
CNO FINANCIAL GROUP INC 05.2500 05/30/2025 0.10%
REPUBLIC OF SENEGAL REGS 06.2500 05/23/2033 0.10%
3.312 R ISWP US0003M P 11/08/2048 0.10%
GNR 2013-182 IQ IO 04.5000 12/16/2043 0.10%
GNR 2014-H21 AI IO 01.6432 10/20/2064 0.10%
NEW ZEALAND GOVERNMENT REGS 02.7500 04/15/2025 0.10%
GNR 2014-25 QI IO 05.0000 01/20/2044 0.10%
CWALT 2006-OA19 A1 02.5629 02/20/2047 0.10%
GNR 2016-19 PI IO 04.0000 02/20/2046 0.10%
CANTOR FITZGERALD LP P/P 144A 06.5000 06/17/2022 0.10%
GNR 2014-116 IL IO 04.0000 08/20/2044 0.10%
NORWEGIAN GOVERNMENT P/P REGS 03.0000 03/14/2024 0.10%
SAMI 2007-AR1 2A1 02.5844 01/25/2037 0.10%
WAMU 2005-AR10 1A3 04.1000 09/25/2035 0.10%
FNR 2012-103 LS IO 03.5956 09/25/2042 0.10%
SWPTN 10YX20Y R 2.785 USD 01/25/2027 BA 0.10%
CWALT 2006-OA10 1A1 03.4637 08/25/2046 0.10%
GNR 2015-H25 AI IO 01.6143 09/20/2065 0.10%
WEYERHAEUSER CO 07.3750 03/15/2032 0.10%
BANCO SANTANDER SA USD 05.1790 11/19/2025 0.10%
GNR 2016-H20 NI IO 02.1190 09/20/2066 0.10%
MBX.FN30.500.09 R USL1M P 01/12/40 BC 0.10%
PROVINCIA DE CORDOBA P/P 144A 07.1250 08/01/2027 0.10%
BUMT 2005-1 1A1 02.7044 09/25/2045 0.10%
TORONTO-DOMINION BANK USD 03.6250 09/15/2031 0.10%
WFRBS 2013-C11 AS 03.3110 03/15/2045 0.09%
DUKE ENERGY OHIO INC 03.6500 02/01/2029 0.09%
RUSSIAN FEDERATION P/P 144A 04.5000 04/04/2022 0.09%
BANK OF MONTREAL USD 03.8030 12/15/2032 0.09%
CREDIT SUISSE GRP AG P/P 144A 06.2500 12/18/2024 0.09%
GNR 2012-136 BI IO 03.5000 11/20/2042 0.09%
RAMC 2003-4 A1 02.9244 03/25/2034 0.09%
RUSSIAN FEDERATION P/P 144A 04.3750 03/21/2029 0.09%
SWITZERLAND REGS 01.5000 04/30/2042 0.09%
VISTRA OPERATION P/P 144A 04.3000 07/15/2029 0.09%
GNMA 10000 BD1730 03.5000 01/20/2048 0.09%
CBRE SERVICES INC 04.8750 03/01/2026 0.09%
GLENCORE FIN CANADA P/P 144A 06.0000 11/15/2041 0.09%
PETROBRAS GLOBAL FIN USD 05.2990 01/27/2025 0.09%
JPMBB 2015-C33 XA IO 01.1392 12/15/2048 0.09%
MBX.FN30.450.09 R USL1M P 01/12/40 BC 0.09%
TEACHERS INSUR & ANN P/P 144A 06.8500 12/16/2039 0.09%
MSC 2011-C3 D P/P 144A 05.2816 07/15/2049 0.08%
PRUDENTIAL FINANCIAL INC 05.2000 03/15/2044 0.08%
SPANISH GOV'T P/P REGS 01.5000 04/30/2027 0.08%
AUSTRALIAN GOVERNMENT REGS 03.7500 04/21/2037 0.08%
CHARTER COMM OPT LLC 05.3750 05/01/2047 0.08%
WALGREENS BOOTS ALLIANCE 03.4500 06/01/2026 0.08%
GNR 2016-77 SL IO 03.7671 03/20/2043 0.08%
WFMBS 2006-AR5 1A1 05.2076 04/25/2036 0.08%
GNR 2016-H01 AI IO 01.7802 01/20/2066 0.08%
LEGRAND FRANCE USD 08.5000 02/15/2025 0.08%
WFMBS 2006-AR2 1A1 04.9486 03/25/2036 0.08%
IPALCO ENTPRS IN 03.7000 09/01/2024 0.08%
FHR 4141 PI IO 03.0000 12/15/2042 0.08%
GNR 2010-171 SB IO 04.0558 12/16/2040 0.08%
GNR 2016-H25 GI IO 01.5071 11/20/2066 0.08%
GNR 2017-57 AI IO 04.0000 06/20/2045 0.08%
NRZT 2018-4A A1M 03.3044 01/25/2048 0.08%
CARR 2006-NC2 A4 02.6444 06/25/2036 0.08%
GNR 2010-35 AI IO 04.5000 03/20/2040 0.08%
IHS MARKIT LTD P/P 144A 04.0000 03/01/2026 0.08%
MSRR 2015-R4 CB1 03.2533 08/26/2047 0.08%
WFRBS 2012-C10 XA IO P/P 144A 01.7032 12/15/2045 0.08%
JPMCC 2013-C10 AS 03.3715 12/15/2047 0.07%
KINGDOM OF DENMARK 04.5000 11/15/2039 0.07%
NEXTERA ENERGY CAPITAL 04.8000 12/01/2077 0.07%
CAS 2016-C03 2M2 08.3044 10/25/2028 0.07%
MLMI 2005-A2 A2 04.4525 02/25/2035 0.07%
ROGERS COMMUNICATIONS IN USD 04.5000 03/15/2043 0.07%
FNR 2017-113 IO IO 05.0000 01/25/2038 0.07%
ONTARIO (PROVINCE OF) 02.6000 06/02/2025 0.07%
GLENCORE FUNDING LLC P/P 144A 04.0000 04/16/2025 0.07%
WFCM 2016-LC25 XA IO 01.1524 12/15/2059 0.07%
GSMS 2012-GC6 D P/P 144A 05.8398 01/10/2045 0.07%
DIAMOND 1 FIN/DIAMON P/P 144A 08.3500 07/15/2046 0.07%
HELLENIC REPUBLIC REGS 03.0000 02/24/2024 0.07%
OMNICOM GP/OMNICOM CAP 03.6000 04/15/2026 0.07%
STACR 2015-HQ2 M2 04.3544 05/25/2025 0.07%
COMCAST CORP 03.9990 11/01/2049 0.06%
SWPTN 1YX2Y R 0.025 EUR 08/28/2019 GS 0.06%
SERVICE CORPORATION INTL 04.6250 12/15/2027 0.06%
FHR 4076 MS IO 04.3058 07/15/2040 0.06%
L3 TECHNOLOGIES INC 04.4000 06/15/2028 0.06%
ANHEUSER-BUSCH INBEV WOR 04.7500 01/23/2029 0.06%
FISERV INC 03.5000 07/01/2029 0.06%
MBX.FN30.450.09 R USL1M P 01/12/40 BC 0.06%
EUR/USD 09/18/2019 JPMCB 0.06%
FNR 2014-28 AI IO 03.0000 03/25/2040 0.06%
GNR 2010-35 QI IO 04.5000 03/20/2040 0.06%
CAS 2015-C02 1M2 06.4044 05/25/2025 0.06%
CHARTER COMM OPT LLC 04.9080 07/23/2025 0.06%
ANHEUSER-BUSCH INBEV WOR 05.5500 01/23/2049 0.06%
AT&T INC 02.9500 07/15/2026 0.06%
CAPITAL ONE FINANCIAL CO 04.2000 10/29/2025 0.06%
FHR 4355 DI IO 04.0000 03/15/2044 0.06%
HILTON DOMESTIC OPERATIN 04.2500 09/01/2024 0.06%
PROVINCIA DE BUENOS P/P 144A 09.1250 03/16/2024 0.06%
GNR 2014-76 IO IO 05.0000 05/20/2044 0.05%
FNR 2013-35 IP IO 03.0000 06/25/2042 0.05%
FNR 2013-55 PI IO 03.0000 05/25/2042 0.05%
GNR 2018-21 IN IO 05.0000 02/20/2048 0.05%
HOSPITALITY PROPERTIES T 04.5000 03/15/2025 0.05%
ENTERPRISE PRODUCTS OPER 04.2500 02/15/2048 0.05%
FHR 4206 IP IO 03.0000 12/15/2041 0.05%
HELLENIC REPUBLIC REGS 03.0000 02/24/2031 0.05%
SWPTN 10YX20Y P 2.785 USD 01/25/2027 BA 0.05%
SWPTN 1YX2Y R -0.065 EUR 08/28/2019 GS 0.05%
EL PASO NATURAL GAS 08.3750 06/15/2032 0.05%
IOS.FN30.400.11 R USL1M P 01/12/42 GS 0.05%
PETROBRAS GLOBAL FIN USD 05.9990 01/27/2028 0.05%
SWPTN 10YX10Y R 2.795 USD 12/20/2027 JP 0.05%
UBSBB 2012-C4 XA IO P/P 144A 01.7835 12/10/2045 0.05%
ANHEUSER-BUSCH INBEV WOR 04.1500 01/23/2025 0.05%
FHR 4193 PI IO 04.0000 03/15/2043 0.05%
FNR 2012-124 JI IO 03.5000 11/25/2042 0.05%
SWPTN 10YX10Y R 2.7575 USD 12/20/2027 JP 0.05%
KEURIG DR PEPPER INC 04.4170 05/25/2025 0.05%
CITIGROUP INC 03.6680 07/24/2028 0.05%
AIR LEASE CORP 03.6250 04/01/2027 0.04%
3.05125 R ISWP FWD US0003M P 03/07/2028 0.04%
IRISH TSY 2 2045 REGS 02.0000 02/18/2045 0.04%
HCA INC 04.1250 06/15/2029 0.04%
HCA INC 05.2500 06/15/2026 0.04%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CS 0.04%
IOS.FN30.350.13 R USL1M P 01/12/44 GS 0.04%
PRUDENTIAL FINANCIAL INC 06.6250 06/21/2040 0.04%
SWPTN 1YX30Y R 1.288 EUR 02/17/2020 JP 0.04%
ERAC USA FINANCE LLC P/P 144A 07.0000 10/15/2037 0.04%
3.11 R ISWP FWD US0003M P 02/27/2028 0.04%
FNR 2013-55 KI IO 03.0000 04/25/2043 0.04%
GNR 2013-27 PI IO 03.5000 12/20/2042 0.04%
SWPTN 5YX30Y R 3.27 USD 10/17/2023 MS 0.04%
GNR 2010-9 UI IO 05.0000 01/20/2040 0.04%
SWPTN 10YX20Y R 1.921 EUR 10/18/2028 JP 0.04%
OPTN FN30 3.0 08/06/19 CALL 100.8125 JPMC 0.04%
0.151 R ISWP FWD EUR006M P 06/19/2024 0.04%
FNR 2013-23 PI IO 03.0000 10/25/2041 0.04%
GNR 2014-102 IG IO 03.5000 03/16/2041 0.04%
IOS.FN30.400.14 R USL1M P 01/12/45 CS 0.04%
COMCAST CORP 06.5000 11/15/2035 0.04%
HCA INC 05.0000 03/15/2024 0.04%
2.04 R ISWP AUDBB6M P 05/06/2029 0.04%
AT&T INC 03.8000 02/15/2027 0.04%
CAS 2018-C05 1M2 04.7544 01/25/2031 0.04%
ENERGY TRANSFER OPERATNG 06.2500 04/15/2049 0.04%
MBX.FN30.500.10 R USL1M P 01/12/41 CI 0.04%
1.50 R ISWP FWD NOKOIB6M P 09/18/2024 0.03%
HELLENIC REPUBLIC REGS 03.0000 02/24/2025 0.03%
WESTROCK MWV LLC 07.9500 02/15/2031 0.03%
IOS.FN30.400.14 R USL1M P 01/12/45 CS 0.03%
CAS 2015-C03 2M2 07.4044 07/25/2025 0.03%
GNR 2015-124 NI IO 03.5000 06/20/2039 0.03%
IOS.FN30.400.10 R USL1M P 01/12/41 JP 0.03%
IOS.FN30.400.14 R USL1M P 01/12/45 GS 0.03%
2.647 R ISWP US0003M P 06/12/2049 0.03%
IOS.FN30.350.14 R USL1M P 01/12/45 CS 0.03%
OPTN FN30 3.5 08/06/19 CALL 102.06640625 JPMC 0.03%
SWEDISH GOVERNMENT 03.5000 03/30/2039 0.03%
SWPTN 10YX10Y P 2.7575 USD 12/20/2027 JP 0.03%
SWPTN 3YX30Y R 2.3075 USD 06/20/2022 BA 0.03%
TREASURY BILL 00.0000 08/13/2019 0.03%
2.86 R ISWP US0003M P 01/22/2020 0.03%
SWPTN 10YX10Y P 2.795 USD 12/20/2027 JP 0.03%
FIFTH THIRD BANCORP 05.1000 12/29/2049 0.03%
WESTLAKE CHEMICAL CORP 04.3750 11/15/2047 0.03%
2.806 R ISWP FWD US0003M P 03/05/2030 0.03%
GNR 2013-24 PI IO 04.0000 11/20/2042 0.03%
SWPTN 3YX30Y P 2.3075 USD 06/20/2022 BA 0.03%
CAS 2019-R02 1M2 04.7044 08/25/2031 0.03%
GNR 2018-127 IB IO 04.5000 06/20/2045 0.03%
IOS.FN30.400.11 R USL1M P 01/12/42 GS 0.03%
2.401 R ISWP FWD CDOR03 P 06/19/2049 0.03%
IOS.GII30.500.10 R USL1M P 01/12/41 BC 0.02%
1.343 R ISWP FWD EUR006M P 11/29/2058 0.02%
FHR 3065 DC 12.6773 03/15/2035 0.02%
FRANCE (GOVT OF) REGS 03.2500 05/25/2045 0.02%
HELLENIC REPUBLIC REGS 03.0000 02/24/2028 0.02%
NOK/USD 09/18/2019 GSFX 0.02%
2.1825 R ISWP AUDBB6M P 03/20/2029 0.02%
FHR 3072 SM 04.2533 11/15/2035 0.02%
SWPTN 2YX10Y R 2.7725 USD 02/26/2021 MS 0.02%
1.1575 R ISWP SES3M P 11/13/2027 0.02%
1.16 R ISWP SES3M P 11/13/2027 0.02%
FNR 2010-46 SB IO 04.0456 05/25/2040 0.02%
SWPTN 2YX10Y R 2.764 USD 02/16/2021 MS 0.02%
1.125 R ISWP SES3M P 11/10/2027 0.02%
1.13 R ISWP SES3M P 11/10/2027 0.02%
BONOS Y OBLIG DEL ES P/P REGS 02.9000 10/31/2046 0.02%
CPURNSA P 2.19 R 12/06/27 0.02%
CPURNSA P 2.1939 R 12/21/27 0.02%
IOS.FN30.400.10 R USL1M P 01/12/41 BA 0.02%
IOS.FN30.400.10 R USL1M P 01/12/41 BC 0.02%
-0.101 R ISWP FWD EUR006M P 06/19/2021 0.02%
0.354 R ISWP FWD EUR006M P 09/21/2021 0.02%
1.02 R ISWP TELBOR03 P 03/20/2024 GS 0.02%
CVS PASS-THROUGH TRUST 06.0360 12/10/2028 0.02%
HELLENIC REPUBLIC REGS 03.0000 02/24/2032 0.02%
IOS.FN30.350.12 R USL1M P 01/12/43 GS 0.02%
MARATHON PETRO CORP 06.5000 03/01/2041 0.02%
STACR 2019-DNA1 M2 05.0544 01/25/2049 0.02%
SWPTN 5YX20Y R 1.11125 JPY 08/24/2023 BC 0.02%
FNR 2007-53 SP 15.3839 06/25/2037 0.02%
GNR 2010-35 UI IO 05.0000 03/20/2040 0.02%
HELLENIC REPUBLIC REGS 03.0000 02/24/2033 0.02%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.02%
FNR 2006-8 HP 15.7506 03/25/2036 0.02%
IOS.FN30.400.11 R USL1M P 01/12/42 GS 0.02%
IOS.FN30.400.11 R USL1M P 01/12/42 GS 0.02%
UKRPI P 3.665 R 12/15/28 0.02%
IOS.FN30.350.13 R USL1M P 01/12/44 CS 0.02%
IOS.FN30.650.67 R USL1M P 01/12/38 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%
SWPTN 5YX30Y R 2.8325 USD 02/15/2022 JP 0.02%
FIDELITY NATIONAL INFORM 03.0000 08/15/2026 0.02%
PRUDENTIAL FINANCIAL INC 05.6250 06/15/2043 0.02%
1.65 R ISWP FWD CDOR03 P 09/18/2024 0.01%
2.251 R ISWP FWD CDOR03 P 06/19/2029 0.01%
AUD/JPY PUT 73.00 20190917 HSBCB 0.01%
SWPTN 10YX10Y R 2.988 USD 02/26/2029 GS 0.01%
1.67 R ISWP KRW3MCD P 12/09/2021 GS 0.01%
BSCMS 2006-PW11 C P/P 144A 05.8095 03/11/2039 0.01%
EUR/USD 09/18/2019 UBS 0.01%
FHR 2990 LB 10.8262 06/15/2034 0.01%
FHR 3249 PS 14.3740 12/15/2036 0.01%
GNR 2009-121 UI IO 05.0000 12/20/2039 0.01%
1.201 R ISWP FWD GBL6M P 06/19/2024 0.01%
1.901 R ISWP FWD AUDBB6M P 06/19/2024 0.01%
FNR 2005-75 GS 13.0369 08/25/2035 0.01%
IOS.GII30.500.10 R USL1M P 01/12/41 BC 0.01%
NOK/USD 09/18/2019 BCAP-FX 0.01%
TREASURY BILL 00.0000 08/15/2019 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.01%
CPURNSA P 2.05 R 07/05/27 0.01%
PETROLEOS DE VEN P/P 144A 06.0000 11/15/2026 0.01%
SABINE PASS LIQUEFACTION 04.2000 03/15/2028 0.01%
SWPTN 1MX30Y R 2.29 USD 06/28/2019 JP 0.01%
SWPTN 2YX13Y P 3.162 USD 11/30/2020 JP 0.01%
THB/USD 08/21/2019 CITI 0.01%
DELTA AIR LINES 2009 1A 07.7500 12/17/2019 0.01%
SWPTN 3YX30Y P 2.983 USD 05/23/2022 GS 0.01%
-0.70 R ISWP FWD CHL6M P 09/18/2024 0.01%
0.148 R ISWP JPL6M P 02/16/2023 0.01%
1.354 R ISWP FWD EUR006M P 02/19/2050 0.01%
2.07 R ISWP THFX6M P 11/16/2021 JP 0.01%
2.536 R ISWP FWD US0003M P 12/02/2023 0.01%
BANK OF AMERICA CORP 05.1250 06/17/2049 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 CS 0.01%
EUR/USD 09/18/2019 HSBCB 0.01%
FHR 3408 EK 16.1589 04/15/2037 0.01%
IOS.FN30.400.11 R USL1M P 01/12/42 BC 0.01%
NOK/USD 09/18/2019 SSBT 0.01%
SWPTN 10WX10Y P 2.011 USD 08/09/2019 GS 0.01%
SWPTN 3YX2Y R 2.2275 USD 05/16/2022 BA 0.01%
1.101 R ISWP FWD EUR006M P 06/19/2049 0.01%
1.80 R ISWP FWD CDOR03 P 09/18/2029 0.01%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CS 0.01%
ERAC USA FINANCE LLC P/P 144A 04.5000 02/15/2045 0.01%
EUR/USD 09/18/2019 GSFX 0.01%
IOS.FN30.600.08 R USL1M P 01/12/39 GS 0.01%
LBUBS 2006-C6 XCL IO P/P 144A 00.7745 09/15/2039 0.01%
OPTN FN30 4.0 08/06/19 CALL 103.2421875 JPMC 0.01%
SWPTN 10YX10Y P 2.988 USD 02/26/2029 GS 0.01%
SWPTN 5WX10Y R 1.965 USD 07/15/2019 BC 0.01%
0.60 R ISWP FWD SES3M P 09/18/2029 0.00%
2.569 R ISWP FWD US0003M P 06/12/2049 0.00%
CMB CMBX.NA.BB.11 2054-11-18 500.0 11/18/2054 CG 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 ML 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%
GNR 2013-90 HI IO 03.5000 04/20/2040 0.00%
GOLDMAN SACHS GROUP INC 06.7500 10/01/2037 0.00%
IOS.FN30.350.12 R USL1M P 01/12/43 CS 0.00%
NOK/USD 09/18/2019 JPMCB 0.00%
1.75 R ISWP FWD US0003M P 09/18/2024 0.00%
2.001 R ISWP FWD CDOR03 P 06/19/2024 0.00%
2.05 R ISWP FWD US0003M P 09/18/2029 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.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 ML 0.00%
EUR/USD 09/18/2019 BCAP-FX 0.00%
INTERNATIONAL PAPER CO 08.7000 06/15/2038 0.00%
RUB/USD 09/18/2019 BANKAM 0.00%
SWPTN 4MX10Y P 2.265 USD 10/03/2019 MS 0.00%
SWPTN 5YX30Y R 1.053 EUR 06/04/2024 BA 0.00%
SWPTN 5YX30Y R 1.304 EUR 06/05/2024 BA 0.00%
2.251 R ISWP FWD AUDBB6M P 06/19/2029 0.00%
2.32 R ISWP FWD US0003M P 02/09/2024 0.00%
AUD/USD 07/17/2019 WPAC 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.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.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%
CZK/USD 09/18/2019 BANKAM 0.00%
EUR/USD 09/18/2019 RBSF 0.00%
GBP/USD 09/18/2019 BANKAM 0.00%
JPMCC 2006-CB17 X IO 00.8577 12/12/2043 0.00%
NOK/USD 09/18/2019 RBSF 0.00%
SWPTN 12YX10Y R 2.5 USD 11/09/2029 JP 0.00%
SWPTN 5WX30Y R 2.3025 USD 07/15/2019 GS 0.00%
SWPTN 5YX10Y P 2.39 USD 06/04/2024 MS 0.00%
TREASURY BILL 00.0000 07/16/2019 0.00%
0.10 R ISWP FWD SES3M P 09/18/2024 0.00%
1.035 R ISWP TELBOR03 P 03/19/2024 GS 0.00%
1.70 R ISWP FWD US0003M P 09/18/2021 0.00%
2.3075 R ISWP FWD US0003M P 02/02/2024 0.00%
2.57 R ISWP FWD US0003M P 02/02/2024 0.00%
CDX CDX.NA.HY.32 500.0 06/20/2024 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 CS 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.7 2047-01-17 500.0 01/17/2047 GS 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 ML 0.00%
CMB CMBX.NA.BBB-.7 2047-01-17 300.0 01/17/2047 JP 0.00%
JPY/USD 08/21/2019 BANKAM 0.00%
JPY/USD 08/21/2019 UBS 0.00%
KRW/USD 08/21/2019 JPMCB 0.00%
NZD/USD 07/17/2019 SSBT 0.00%
SPECTRA ENERGY PARTNERS 03.3750 10/15/2026 0.00%
SWPTN 10YX20Y R 2.8175 USD 03/23/2027 GS 0.00%
SWPTN 2YX10Y P 2.764 USD 02/16/2021 MS 0.00%
SWPTN 2YX10Y P 2.7725 USD 02/26/2021 MS 0.00%
SWPTN 2YX30Y P 2.904 USD 05/24/2021 MS 0.00%
SWPTN 4MX10Y P 2.401 USD 09/30/2019 BA 0.00%
1.735 R ISWP NOKOIB6M P 07/01/2024 0.00%
2.03 R ISWP CZECH INTERBANK RATES 6 MONTH P 03/27/2021 0.00%
2.2225 R ISWP FWD US0003M P 06/05/2029 0.00%
2.55 R ISWP FWD US0003M P 11/20/2039 0.00%
2.5725 R ISWP FWD US0003M P 02/02/2024 0.00%
BSCMS 06-PW14 X1 IO P/P 144A 00.5010 12/11/2038 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CS 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 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.7 2047-01-17 500.0 01/17/2047 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 JP 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 JP 0.00%
CROWN CASTLE INTL CORP 03.1500 07/15/2023 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 09/18/2019 HSBCB 0.00%
GECMC 2007-C1 XC IO P/P 144A 00.2697 12/10/2049 0.00%
HUF/USD 09/18/2019 SSBT 0.00%
IDR/USD 11/20/2019 HSBCB 0.00%
ILS/USD 07/17/2019 SSBT 0.00%
INR/USD 11/20/2019 GSFX 0.00%
INR/USD 11/20/2019 RBSF 0.00%
IOS.FN30.650.67 R USL1M P 01/12/38 GS 0.00%
JPMCC 2006-LDP8 X IO 00.2853 05/15/2045 0.00%
SGD/USD 08/21/2019 JPMCB 0.00%
SWPTN 10WX10Y P 2.281 USD 08/09/2019 GS 0.00%
SWPTN 1YX30Y P 1.288 EUR 02/17/2020 JP 0.00%
SWPTN 2MX10Y P 2.193 USD 07/30/2019 CI 0.00%
SWPTN 3MX5Y P 1.746 USD 09/26/2019 CI 0.00%
SWPTN 5WX30Y P 2.3025 USD 07/15/2019 GS 0.00%
SWPTN 7YX25Y R 2.505 USD 11/13/2024 MS 0.00%
SWPTN 7YX25Y R 2.689 USD 11/12/2024 CI 0.00%
SWPTN 7YX25Y R 2.902 USD 11/08/2024 JP 0.00%
-0.25 R ISWP FWD EUR006M P 09/18/2024 0.00%
1.45 R ISWP FWD NFIX3MID P 09/18/2024 0.00%
1.60 R ISWP FWD AUDBB6M P 09/18/2029 0.00%
2.184 R ISWP FWD US0003M P 07/17/2049 0.00%
2.194 R ISWP FWD US0003M P 07/17/2049 0.00%
2.199 R ISWP FWD US0003M P 07/17/2049 0.00%
2.229 R ISWP FWD US0003M P 07/17/2049 0.00%
2.241 R ISWP FWD US0003M P 07/17/2049 0.00%
2.252 R ISWP FWD US0003M P 07/17/2049 0.00%
2.263 R ISWP FWD US0003M P 07/17/2049 0.00%
2.299 R ISWP FWD US0003M P 06/12/2049 0.00%
2.3075 R ISWP FWD US0003M P 06/22/2052 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%
CAD/USD 07/17/2019 CITI 0.00%
CD 2007-CD5 XS IO 144A 00.0000 11/15/2044 0.00%
CGCMT 2006-C5 XC IO P/P 144A 00.7231 10/15/2049 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 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.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 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 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 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.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 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 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 MS 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%
CMB CMBX.NA.BBB-.7 2047-01-17 300.0 01/17/2047 MS 0.00%
CPURNSA R 1.89 P 07/05/22 0.00%
CSFB 2003-C3 AX IO P/P 144A 02.2137 05/15/2038 0.00%
CSMC 2006-C4 AX IO P/P 144A 00.8726 09/15/2039 0.00%
CSMC 2007-C2 AX IO P/P 144A 00.0484 01/15/2049 0.00%
EUR/USD 09/18/2019 CSI-FX 0.00%
GBP/USD 09/18/2019 JPMCB 0.00%
IOS.FN30.650.67 R USL1M P 01/12/38 BC 0.00%
JPMCC 07-CB20 X1 IO P/P 144A 00.0000 02/12/2051 0.00%
JPMCC 2007-LDPX X IO 00.3240 01/15/2049 0.00%
KRW/USD 11/20/2019 GSFX 0.00%
KRW/USD 11/20/2019 HSBCB 0.00%
LBUBS 2007-C2 XCL IO P/P 144A 00.4815 02/15/2040 0.00%
LBUBS 2007-C2 XW IO 00.4815 02/15/2040 0.00%
MEZZ 2007-C5 X IO P/P 144A 06.2193 12/15/2049 0.00%
MXN/USD 10/16/2019 BANKAM 0.00%
NOK/USD 09/18/2019 BANKAM 0.00%
OPTN FN30 3.5 07/08/19 PUT 100.09765625 JPMC 0.00%
OPTN FN30 3.5 07/08/19 PUT 100.28515625 JPMC 0.00%
OPTN FN30 3.5 07/08/19 PUT 100.59765625 JPMC 0.00%
OPTN FN30 3.5 07/08/19 PUT 100.78515625 JPMC 0.00%
OPTN FN30 3.5 07/08/19 PUT 101.09765625 JPMC 0.00%
OPTN FN30 3.5 07/08/19 PUT 101.28515625 JPMC 0.00%
OPTN FN30 3.5 07/08/19 PUT 99.59765625 JPMC 0.00%
OPTN FN30 3.5 07/08/19 PUT 99.78515625 JPMC 0.00%
PETROLEOS DE VENEZUELA S REGS 05.3750 04/12/2027 0.00%
REPUBLIC OF VENEZUELA REGS 07.6500 04/21/2025 0.00%
RUB/USD 09/18/2019 GSFX 0.00%
SEK/USD 09/18/2019 RBSF 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 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 1YX5Y R 1.755 USD 06/29/2020 GS 0.00%
SWPTN 1YX5Y R 1.765 USD 06/26/2020 CI 0.00%
SWPTN 2MX10Y P 2.283 USD 07/30/2019 CI 0.00%
SWPTN 2MX10Y P 2.373 USD 07/30/2019 CI 0.00%
SWPTN 2MX10Y P 2.401 USD 07/30/2019 BA 0.00%
SWPTN 2MX10Y P 2.463 USD 07/30/2019 CI 0.00%
SWPTN 3MX1Y P 2.458 USD 07/26/2019 GS 0.00%
SWPTN 3MX1Y P 2.558 USD 07/26/2019 GS 0.00%
SWPTN 3MX1Y P 2.658 USD 07/26/2019 GS 0.00%
SWPTN 3MX5Y P 1.736 USD 09/27/2019 GS 0.00%
SWPTN 3MX5Y R 1.736 USD 09/27/2019 GS 0.00%
SWPTN 3MX5Y R 1.746 USD 09/26/2019 CI 0.00%
TWD/USD 08/21/2019 GSFX 0.00%
TWD/USD 08/21/2019 RBSF 0.00%
WBCMT 2007-C34 IO IO 00.1233 05/15/2046 0.00%
1.80 R ISWP FWD NFIX3MID P 09/18/2029 -0.00%
BRL/USD 10/02/2019 CITI -0.00%
CAD/USD 07/17/2019 WPAC -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 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 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 JP -0.00%
CMB CMBX.NA.BBB-.7 2047-01-17 300.0 01/17/2047 JP -0.00%
DKK/USD 09/18/2019 CITI -0.00%
JPY/USD 08/21/2019 SSBT -0.00%
MXN/USD 07/17/2019 HSBCB -0.00%
SWPTN 1YX5Y P 1.755 USD 06/29/2020 GS -0.00%
SWPTN 1YX5Y P 1.765 USD 06/26/2020 CI -0.00%
SWPTN 5YX10Y R 2.39 USD 06/04/2024 MS -0.00%
SWPTN 5YX30Y P 1.304 EUR 06/05/2024 BA -0.00%
SWPTN 9WX10Y P 2.265 USD 08/05/2019 MS -0.00%
0.20 R ISWP FWD EUR006M P 09/18/2029 -0.00%
0.80 R ISWP FWD EUR006M P 02/21/2050 -0.00%
0.9035 R ISWP FWD EUR006M P 02/19/2050 -0.00%
1.054 R ISWP FWD EUR006M P 06/07/2054 -0.00%
1.82 R ISWP NOKOIB6M P 07/01/2029 -0.00%
2.528 R ISWP FWD US0003M P 02/02/2024 -0.00%
AUD/USD 07/17/2019 JPMCB -0.00%
CHF/USD 09/18/2019 JPMCB -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 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 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 MS -0.00%
PLN/USD 09/18/2019 SSBT -0.00%
SEK/USD 09/18/2019 SSBT -0.00%
SWPTN 10WX10Y P 2.191 USD 08/09/2019 GS -0.00%
SWPTN 2YX3Y P 2.975 USD 11/30/2020 JP -0.00%
SWPTN 2YX5Y P 2.664 USD 05/24/2021 MS -0.00%
SWPTN 5YX30Y P 1.053 EUR 06/04/2024 BA -0.00%
0.85 R ISWP FWD GBL6M P 09/18/2024 -0.00%
2.488 R ISWP FWD US0003M P 06/12/2049 -0.00%
2.565 R ISWP FWD US0003M P 06/12/2049 -0.00%
CAD/USD 07/17/2019 BANKAM -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.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%
JPY/USD 08/21/2019 BCAP-FX -0.00%
NZD/USD 07/17/2019 BCAP-FX -0.00%
OPTN FN30 4.0 08/06/19 PUT 103.2421875 JPMC -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%
2.25 R ISWP FWD US0003M P 09/18/2049 -0.00%
2.5365 R ISWP FWD US0003M P 06/12/2049 -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 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 GS -0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 MS -0.00%
SEK/USD 09/18/2019 UBS -0.00%
SWPTN 10WX10Y P 2.101 USD 08/09/2019 GS -0.00%
UKRPI P 3.3875 R 03/15/28 -0.00%
1.484 R ISWP FWD EUR006M P 11/29/2058 -0.00%
2.5335 R ISWP FWD US0003M P 06/12/2049 -0.00%
2.537 R ISWP FWD US0003M P 06/12/2049 -0.00%
AUD/JPY PUT 69.00 20190917 HSBCB -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.BBB-.6 2063-05-11 300.0 05/11/2063 CS -0.00%
SWPTN 3YX2Y P 2.2275 USD 05/16/2022 BA -0.00%
0.7495 R ISWP FWD JPL6M P 08/29/2043 -0.01%
1.2115 R ISWP FWD EUR006M P 03/12/2050 -0.01%
2.6059 R ISWP FWD US0003M P 06/12/2049 -0.01%
CAD/USD 07/17/2019 BCAP-FX -0.01%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CG -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%
CNH/USD 08/21/2019 HSBCB -0.01%
JPY/USD 08/21/2019 HSBCB -0.01%
SWPTN 5WX10Y R 2.065 USD 07/15/2019 BC -0.01%
ZAR/USD 07/17/2019 GSFX -0.01%
1.267 R ISWP FWD EUR006M P 03/11/2050 -0.01%
2.0625 R ISWP FWD US0003M P 06/22/2030 -0.01%
CAD/USD 07/17/2019 JPMCB -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 MS -0.01%
NZD/USD 07/17/2019 CITI -0.01%
SWPTN 10YX10Y P 1.722 GBP 02/26/2029 GS -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%
AUD/USD 07/17/2019 BANKAM -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 GS -0.01%
CPURNSA R 2.05 P 12/06/22 -0.01%
CPURNSA R 2.068 P 12/21/22 -0.01%
EUR/USD 09/18/2019 SSBT -0.01%
MBX.FN30.650.67 P USL1M R 01/12/38 GS -0.01%
SEK/USD 09/18/2019 GSFX -0.01%
SWPTN 10YX20Y P 2.8175 USD 03/23/2027 GS -0.01%
SWPTN 3YX5Y P 2.823 USD 05/23/2022 GS -0.01%
SWPTN 7YX25Y P 2.902 USD 11/08/2024 JP -0.01%
2.00 R ISWP FWD US0003M P 09/18/2029 -0.01%
AUD/USD 07/17/2019 CSI-FX -0.01%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 MS -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS -0.01%
MBX.FN30.650.67 P USL1M R 01/12/38 GS -0.01%
SWPTN 12YX10Y P 2.5 USD 11/09/2029 JP -0.01%
SWPTN 1MX30Y R 2.38 USD 06/28/2019 JP -0.01%
SWPTN 7YX25Y P 2.689 USD 11/12/2024 CI -0.01%
EUR/USD 09/18/2019 CITI -0.01%
SWPTN 10YX10Y R 1.722 GBP 02/26/2029 GS -0.01%
SWPTN 5YX20Y P 1.11125 JPY 08/24/2023 BC -0.01%
UKRPI P 3.34 R 02/15/28 -0.01%
UKRPI P 3.4025 R 03/15/28 -0.01%
IOS.FN30.350.12 P USL1M R 01/12/43 BC -0.01%
SEK/USD 09/18/2019 JPMCB -0.01%
SWPTN 7YX25Y P 2.505 USD 11/13/2024 MS -0.01%
0.366 R ISWP JPL6M P 02/16/2028 -0.01%
1.051 R ISWP FWD EUR006M P 02/19/2050 -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 MS -0.01%
EUR/USD 09/18/2019 BANKAM -0.01%
1.113 R ISWP FWD EUR006M P 03/26/2050 -0.01%
1.25 R ISWP FWD AUDBB6M P 09/18/2024 -0.01%
2.184 R ISWP FWD US0003M P 12/07/2030 -0.01%
AUD/USD 07/17/2019 HSBCB -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS -0.01%
IOS.FN30.350.12 P USL1M R 01/12/43 JP -0.01%
NZD/USD 07/17/2019 JPMCB -0.01%
1.70 R ISWP FWD NOKOIB6M P 09/18/2029 -0.01%
2.208 R ISWP CDOR03 P 03/19/2029 -0.01%
AUD/USD 07/17/2019 CITI -0.01%
AUD/USD 07/17/2019 UBS -0.01%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CG -0.01%
MBX.FN30.600.08 P USL1M R 01/12/39 BC -0.01%
1.00 R ISWP FWD GBL6M P 09/18/2029 -0.02%
NZD/USD 07/17/2019 GSFX -0.02%
SWPTN 1YX10Y R 2.715 USD 02/27/2020 MS -0.02%
SWPTN 1YX10Y R 2.7225 USD 02/18/2020 MS -0.02%
2.524 R ISWP FWD NFIX3MID P 03/28/2029 -0.02%
1.351 R ISWP FWD GBL6M P 06/19/2029 -0.02%
2.647 R ISWP FWD US0003M P 03/16/2030 -0.02%
IOS.FN30.500.10 P USL1M R 01/12/41 CS -0.02%
OPTN FN30 3.5 08/06/19 PUT 102.06640625 JPMC -0.02%
-0.046 R ISWP FWD CHL6M P 09/21/2021 -0.02%
2.67 R ISWP FWD US0003M P 03/28/2052 -0.02%
JPY/USD 08/21/2019 CITI -0.02%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.02%
IOS.GII30.500.10 P USL1M R 01/12/41 JP -0.02%
UKRPI P 3.34 R 03/15/28 -0.02%
1.365 R ISWP AUDBB3M P 05/06/2021 -0.02%
AUD/USD 07/17/2019 RBSF -0.02%
IOS.FN30.500.10 P USL1M R 01/12/41 BC -0.02%
SWPTN 10YX20Y P 1.921 EUR 10/18/2028 JP -0.02%
SWPTN 5YX30Y P 3.27 USD 10/17/2023 MS -0.02%
SWPTN 7YX10Y R 1.667 EUR 02/16/2026 JP -0.02%
2.6785 R ISWP US0003M P 02/13/2029 -0.03%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.03%
1.948 R ISWP CZECH INTERBANK RATES 6 MONTH P 03/19/2029 -0.03%
IOS.FN30.500.10 P USL1M R 01/12/41 GS -0.03%
IOS.FN30.500.10 P USL1M R 01/12/41 JP -0.03%
-0.30 R ISWP FWD CHL6M P 09/18/2029 -0.03%
2.793 R ISWP FWD US0003M P 11/29/2053 -0.03%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP -0.03%
1.80 R ISWP FWD US0003M P 09/18/2024 -0.04%
OPTN FN30 3.0 08/06/19 PUT 100.8125 JPMC -0.04%
CPTFEMU R 1.4275 P 08/15/27 -0.04%
SWPTN 5YX10Y P 3.229 USD 11/30/2023 JP -0.04%
CPTFEMU R 1.4375 P 09/15/23 -0.05%
CPTFEMU R 1.4413 P 09/15/23 -0.05%
CPTFEMU R 1.4425 P 09/15/23 -0.05%
CPTFEMU R 1.4438 P 09/15/23 -0.05%
JPY/USD 08/21/2019 JPMCB -0.05%
1.61375 R ISWP FWD EUR006M P 10/27/2027 -0.06%
1.815 R ISWP FWD EUR006M P 02/27/2028 -0.06%
IOS.FN30.350.13 P USL1M R 01/12/44 JP -0.06%
JPY/USD 08/21/2019 GSFX -0.06%
CPTFEMU R 1.4 P 07/15/27 -0.06%
IOS.FN30.400.10 P USL1M R 01/12/41 CS -0.07%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS -0.08%
SWPTN 1YX2Y R 0.115 EUR 08/28/2019 GS -0.08%
SWPTN 5YX30Y P 2.8325 USD 02/15/2022 JP -0.08%
2.77 R ISWP US0003M P 01/22/2021 -0.09%
SWPTN 6YX24Y R 2.75 USD 05/22/2025 MS -0.09%
1.104 R ISWP FWD EUR006M P 03/21/2029 -0.10%
SWPTN 2YX3Y R 2.975 USD 11/30/2020 JP -0.10%
SWPTN 1YX1Y R 2.58 USD 08/28/2019 MS -0.11%
SWPTN 5YX24Y R 3.0 USD 04/04/2024 MS -0.11%
SWPTN 5YX24Y R 3.0 USD 04/12/2024 MS -0.11%
SWPTN 6YX24Y R 3.0 USD 01/31/2025 MS -0.11%
IOS.FN30.400.11 P USL1M R 01/12/42 JP -0.12%
SWPTN 1YX1Y R 2.8 USD 08/28/2019 MS -0.15%
MBX.FN30.650.67 P USL1M R 01/12/38 GS -0.17%
SWPTN 5YX10Y R 3.229 USD 11/30/2023 JP -0.26%
3.065 R ISWP FWD US0003M P 01/03/2029 -0.27%
MBX.FN30.650.67 P USL1M R 01/12/38 BC -0.35%
SWPTN 2YX20Y R 1.733 EUR 09/30/2019 JP -0.43%
FNMA FN30 TBA UMBS 04.5000 08/01/2049 -1.39%
EURO-SCHATZ FUT SEP19 DUU9 -2.33%
FNMA FN30 TBA UMBS 03.0000 08/01/2049 -3.13%
FNMA FN30 TBA UMBS 03.5000 08/01/2049 -3.63%
JPN 10Y BOND(OSE) SEP19 JBU9 -5.07%
90DAY EURO$ FUTR MAR21 EDH1 -13.89%

Prior top 10 holdings

Top 10 holdings as of 08/31/19
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
Fnma Fn30 Tba Umbs 04.0000 09/01/2049
Japan (20 Year Issue) 02.3000 06/20/2027
Fnma Fn30 Tba Umbs 03.0000 09/01/2049
European Investment Bank Gbp 05.6250 06/07/2032
Japan (40 Year Issue) 02.2000 03/20/2051
Japan (20 Year Issue) 02.2000 03/20/2031
Gnma Gii30 Tba 04.5000 09/01/2049
Holdings represent 19.52% of portfolio
Top 10 holdings as of 07/31/19
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
Fnma Fn30 Tba Umbs 04.0000 08/01/2049
Japan (20 Year Issue) 02.3000 06/20/2027
European Investment Bank Gbp 05.6250 06/07/2032
Gnma Gii30 Tba 04.5000 08/01/2049
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 18.86% of portfolio
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

Fixed income statistics as of 08/31/19

Average effective maturity 8.05 yrs.
Average effective duration 7.35 yrs.
Average yield to maturity 2.28%
Average coupon 3.51%
Average price $109.66

Sector weightings as of 08/31/19

  Cash investments Non-cash investments Total portfolio
  Weight Spread duration Weight Spread duration Weight Spread duration
International Treasury/agency 34.19% 3.15 0.00% -0.07 34.19% 3.08
Investment-grade corporate bonds 21.38% 1.72 0.00% 0.00 21.38% 1.72
Commercial MBS 9.30% 0.29 4.61% 0.10 13.91% 0.39
Residential MBS (non-agency) 7.05% 0.20 0.00% 0.00 7.05% 0.20
Agency CMO 5.45% 0.18 0.05% 0.00 5.50% 0.18
Agency pass-through 0.85% 0.04 4.28% 0.14 5.13% 0.18
Emerging-market bonds 4.84% 0.28 0.00% 0.00 4.84% 0.28
High-yield corporate bonds 2.49% 0.10 0.03% 0.00 2.52% 0.10
Asset-backed securities (ABS) 2.34% 0.05 0.00% 0.00 2.34% 0.05
Interest rate swaps 0.00% 0.00 0.00% 0.84 0.00% 0.84
U.S. Treasury/agency 0.00% 0.00 0.00% 0.84 0.00% 0.84
Net cash 12.13% 0.00 0.00% 0.00 12.13% 0.00

Spread duration is displayed in years and reflects the contribution by sector to the portfolio's total spread duration with the exception of the Treasury and Interest-rate swap sectors where effective duration is displayed. Spread duration estimates the price sensitivity of a specific sector or asset class to a 100 basis-point movement, 1%, (either widening or narrowing) in its yield spread relative to Treasuries. Effective duration provides a measure of a portfolio's interest-rate sensitivity. The longer a portfolio's duration, the more sensitive the portfolio is to shifts in the interest rates. Allocations may not total 100% of net assets because the table includes the notional value of derivatives (the economic value for purposes of calculating periodic payment obligations), in addition to the market value of securities.

Maturity detail as of 08/31/19

0 - 1 yr. 10.08%
1 - 5 yrs. 37.53%
5 - 10 yrs. 33.70%
10 - 15 yrs. 4.15%
Over 15 yrs. 14.54%

Quality rating as of 08/31/19

AAA 18.99%
AA 8.98%
A 28.50%
BBB 26.28%
BB 5.44%
B 0.42%
CCC and Below 1.52%
Not Rated 9.87%

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 08/31/19

United States 56.25%
Japan 14.49%
France 3.87%
Italy 3.10%
Canada 2.72%
United Kingdom 2.49%
Spain 2.48%
Greece 1.82%
Supra-Nation 1.82%
 
Other
10.96%
Mexico 1.60%
Switzerland 1.34%
Australia 0.99%
Brazil 0.91%
Belgium 0.85%
Netherlands 0.64%
Sweden 0.59%
Indonesia 0.55%
South Africa 0.49%
Bermuda 0.48%
Austria 0.47%
Malaysia 0.29%
Ivory Coast 0.27%
Ireland 0.25%
Portugal 0.23%
Poland 0.22%
Denmark 0.21%
Russia 0.16%
New Zealand 0.13%
Senegal 0.11%
Uruguay 0.11%
Germany 0.10%
Argentina 0.09%
South Korea 0.05%
Norway 0.04%
Thailand 0.01%
Venezuela 0.01%
India -0.01%
Taiwan -0.01%
China -0.03%
Czech Republic -0.07%
European Community -0.11%

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

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

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% -- -- -- -- --

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.