Always Innovative. Always Active.

Dynamic Risk Allocation Fund (Class A)  (PDREX)

A global allocation strategy that seeks a strong risk-adjusted return by allocating to four risk sources

Highlights

Objective

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

Strategy and process

  • Risk-based allocation: Allocates to four risk sources - equity, credit, interest rate, and inflation - to better balance equity risk and improve downside protection.
  • Top-down flexibility: Dynamically adjusts allocations to reflect our active top-down views of future risk-adjusted return potential.
  • Bottom-up strategies: Invests selectively in a range of lower-volatility and hedging strategies to further diversify sources of returns and manage risk.

Fund price

Yesterday’s close 52-week high 52-week low
Net asset value $11.26
0.18% | $0.02
$11.72
10/02/18
$9.90
12/24/18
Historical fund price

Fund facts as of 03/31/19

Total net assets
$110.02M
Turnover (fiscal year end)
113%
Dividend frequency
Annually
Number of holdings
1330
Fiscal year-end
May
CUSIP / Fund code
746764240 / 0079
Inception date
09/19/11
Category
Asset Allocation
Open to new investors
Ticker
PDREX

Management team

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


Literature


Market volatility returns to "old" normal
Our outlook for stock market volatility sees the levels reached in 2018 continuing, in part because these levels were close to the long-term norm.
Watch the euro as Italy votes
We are watching the referendum in Italy this weekend for yet another existential crisis for the euro.
Italy's bank troubles challenge EU
Troubled banks in Italy pose a new challenge to the EU, one that has been compounded by the U.K.'s vote in favor of Brexit.

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.

4.96%

Best 5-year annualized return

(for period ending 06/30/18)


1.10%

Worst 5-year annualized return

(for period ending 12/31/18)


3.59%

Average 5-year annualized return


  • Total return (%) as of 03/31/19

  • Annual performance as of 03/31/19

Annualized Total return (%) as of 03/31/19

Annualized performance 1 yr. 3 yrs. 5 yrs. Life (inception: 09/19/11 )
Before sales charge -1.01% 5.79% 2.51% 4.08%
After sales charge -6.70% 3.72% 1.30% 3.26%
Custom Dynamic Risk Allocation Index 1.91%6.71%2.67%--

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 03/31/19 1.28% -4.55%
YTD as of 04/18/19 11.26% 4.87%

Risk-adjusted performance as of 03/31/19

Sharpe ratio (3 yrs.) 0.65

Volatility as of 03/31/19

Standard deviation (3 yrs.) 7.22%

Lipper rankings as of 03/31/19

Time period Rank/Funds in category Percentile ranking
1 yr. 184/257 72%
3 yrs. 91/228 40%
5 yrs. 81/199 41%
10 yrs. --  
Lipper category: Alternative Global Macro Funds

Morningstar Ratings as of 03/31/19

Time period Funds in category Morningstar Rating
Overall 488
3 yrs. 488
5 yrs. 386
Morningstar category: Allocation--30% to 50% Equity

Distributions

Record/Ex dividend date 12/18/18
Payable date 12/20/18
Income $0.162
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 03/31/19

S&P Gsci Tot Return 3x 144a Note 01/27/2020 3.29%
Fnma Fn30 Tba 04.0000 04/01/2049 2.80%
Gnma Gii30 Tba 03.5000 04/01/2049 1.86%
Fnma Fn30 Tba 03.0000 05/01/2049 1.81%
S&P Gsci 3 Month Forward Index TR 3X Note 10/7/2019 1.40%
Fnma Fn30 Tba 06.0000 04/01/2049 0.98%
Fnma Fn15 Tba 03.0000 04/01/2034 0.92%
S&P Gsci TOT Return Indx 3X Note 1/21/2020 0.83%
JPMorgan Chase 0.82%
Alphabet 0.81%
Top 10 holdings, percent of portfolio 15.52%

Full portfolio holdings as of 12/31/18

FNMA FN30 TBA 04.0000 01/01/2049 3.11%
S&P GSCI TOTAL RETURN 3X 144A NOTE 01/27/2020 2.52%
GNMA GII30 TBA 03.5000 01/01/2049 2.30%
FNMA FN30 TBA 03.0000 01/01/2049 1.49%
S&P GSCI 3 MONTH FORWARD TOTAL RETURN INDX 3X NOTE 10/7/2019 1.35%
S&P GSCI EXCESS RETURN INDEX 3X NOTE 1/27/2020 1.21%
FNMA FN30 TBA 06.0000 01/01/2049 0.82%
JPMORGAN CHASE & CO 0.79%
RU10INTR P US0003M R 06/13/19 BA 0.79%
FNMA FN15 TBA 03.0000 01/01/2034 0.76%
ALPHABET INC-CL A 0.72%
STARBUCKS CORP 0.56%
APPLE INC 0.52%
COCA-COLA CO/THE 0.52%
MICROSOFT CORP 0.51%
TEXAS INSTRUMENTS INC 0.51%
TJX COMPANIES INC 0.51%
EXELON CORP 0.50%
AMERICAN ELECTRIC POWER 0.49%
AUTOMATIC DATA PROCESSING 0.49%
INTUIT INC 0.49%
MONDELEZ INTERNATIONAL INC-A 0.49%
S&P GSCI TOT RETURN INDEX 3X NOTE 1/21/2020 0.48%
WALT DISNEY CO/THE 0.48%
HUMANA INC 0.47%
LOWES COMPANIES INC 0.47%
COGNIZANT TECH SOLUTIONS-A 0.44%
EXXON MOBIL CORP 0.43%
OCCIDENTAL PETROLEUM CORP 0.43%
RAYTHEON COMPANY 0.43%
NORTHROP GRUMMAN CORP 0.42%
EQUITY RESIDENTIAL TR REIT 0.41%
HONEYWELL INTERNATIONAL INC 0.40%
JOHNSON & JOHNSON 0.40%
OMNICOM GROUP 0.40%
SPY 20190920 P 260.00JPMCB 0.40%
AMERICAN EXPRESS CO 0.39%
CENTENE CORP 0.39%
VICI PROPERTIES INC 0.38%
NORFOLK SOUTHERN CORP 0.36%
PFIZER INC 0.36%
VERIZON COMMUNICATIONS INC 0.36%
CITRIX SYSTEMS INC 0.35%
COMERICA INC 0.35%
AMAZON.COM INC 0.34%
FIDELITY NATIONAL INFO SERV 0.34%
CISCO SYSTEMS INC 0.33%
F5 NETWORKS INC 0.33%
ALLSTATE CORP 0.31%
MERCK & CO. INC. 0.31%
AUTOZONE INC 0.30%
SPY 20190816 P 250.00CITI 0.30%
BAXTER INTERNATIONAL INC 0.29%
SIMON PROPERTY GROUP INC 0.29%
SYSCO CORP 0.29%
AGNC INVESTMENT CORP 0.28%
MARATHON PETROLEUM CORP 0.28%
SPY 20190719 P 250.00CITI 0.28%
ROSS STORES INC 0.27%
WASTE MANAGEMENT INC 0.27%
SAMSUNG ELECTRONICS CO LTD 0.26%
COMMONWEALTH BK AUST P/P 144A 02.2000 11/09/2020 0.25%
JUNIPER NETWORKS INC 0.25%
NXP SEMICONDUCTORS NV 0.25%
SPY 20191018 P 240.00BANKAM 0.25%
SPY 20191115 P 240.00BANKAM 0.25%
UNITEDHEALTH GROUP INC 0.25%
AMGEN INC 0.24%
ANNALY CAPITAL MANAGEMENT IN 0.24%
FACEBOOK INC-CLASS A 0.24%
FISERV INC 0.24%
KINDER MORGAN INC 0.24%
PROCTER & GAMBLE CO/THE 0.24%
ROCHE HOLDING AG-GENUSSCHEIN 0.24%
SPST 2018-1 A 03.2151 04/24/2019 0.24%
HARRIS CORP 0.23%
PETROBRAS GLOBAL FINANCE USD 06.2500 03/17/2024 0.23%
RU10INTR P US0003M R 11/26/19 CI 0.23%
2.85 R ISWP FWD US0003M P 03/18/2029 0.22%
CAS 2016-C03 2M2 08.4063 10/25/2028 0.22%
WESTPAC BANKING CORP USD 02.1500 03/06/2020 0.22%
ZOETIS INC 0.22%
ELI LILLY & CO 0.21%
HERSHEY CO/THE 0.21%
LOEWS CORP 0.20%
SKANDINAVISKA ENSKIL P/P 144A 02.6250 11/17/2020 0.20%
TOTAL SA 0.20%
APPLE INC 02.1000 05/06/2019 0.19%
BANQUE FED CRED MUTU P/P 144A 02.2000 07/20/2020 0.19%
CADENCE DESIGN SYS INC 0.19%
NATIONAL AUSTRALIA BK/NY 02.5000 01/12/2021 0.19%
QUEST DIAGNOSTICS INC 0.19%
SIEMENS FINANCIERING P/P 144A 02.2000 03/16/2020 0.19%
SPST 2018-5 A 03.0151 09/24/2019 0.19%
EXXON MOBIL CORPORATION 02.2220 03/01/2021 0.18%
GLAXOSMITHKLINE PLC 0.18%
GOLDMAN SACHS GROUP INC 02.6000 12/27/2020 0.18%
SPST 2018-3 A 03.0151 07/24/2019 0.18%
TOTAL CAPITAL INTL SA USD 02.7500 06/19/2021 0.18%
US BANCORP 0.18%
AFLAC INC 0.17%
ALLIANZ SE-REG 0.17%
BERRY GLOBAL GROUP INC 0.17%
GAMING AND LEISURE PROPERTIE 0.17%
SERVICE CORP INTL 05.3750 05/15/2024 0.17%
SHERWIN-WILLIAMS CO/THE 0.17%
ARGENTINE REPUBLIC USD 07.5000 04/22/2026 0.16%
AVALONBAY COMMUNITIES INC 0.16%
IVORY COAST REGS 05.2500 03/22/2030 0.16%
MAXIM INTEGRATED PRODUCTS 0.16%
ORACLE CORPORATION 02.2500 10/08/2019 0.16%
REPUBLIC OF INDONESIA REGS 04.7500 01/08/2026 0.16%
SYNOPSYS INC 0.16%
UNITED MEXICAN STATES USD 05.5500 01/21/2045 0.16%
UNITED TECHNOLOGIES CORP 01.9000 05/04/2020 0.16%
US FOODS HOLDING CORP 0.16%
ATHENE HOLDING LTD-CLASS A 0.15%
BANK OF AMERICA CORP 06.1100 01/29/2037 0.15%
EQUITY LIFESTYLE PROPERTIES 0.15%
HD SUPPLY HOLDINGS INC 0.15%
LLOYDS BANKING GROUP PLC USD 07.5000 04/30/2049 0.15%
NOVARTIS AG-REG 0.15%
PERTAMINA PERSERO PT P/P 144A 04.3000 05/20/2023 0.15%
RIO TINTO PLC 0.15%
RUSSIAN FEDERATION P/P 144A 04.3750 03/21/2029 0.15%
SPRINT CORP 07.2500 09/15/2021 0.15%
SPY 20191220 P 215.00JPMCB 0.15%
SUNTRUST BANKS INC 0.15%
TENCENT HOLDINGS LTD 0.15%
UBS AG LONDON P/P 144A 02.2000 06/08/2020 0.15%
UBS GROUP FUNDIN P/P 144A 02.6500 02/01/2022 0.15%
UDR INC 0.15%
AT&T INC 0.14%
CAS 2015-C04 1M2 08.2063 04/25/2028 0.14%
CLEAR CHANNEL COMMUN 09.0000 12/15/2019 0.14%
CWALT 2006-OA7 1A2 03.0974 06/25/2046 0.14%
DIAMOND 1 FIN/DIAM P/P 144A 06.0200 06/15/2026 0.14%
LIBERTY PROPERTY TRUST 0.14%
SONY CORP 0.14%
AMERICAN INTL GROUP 08.1750 05/15/2058 0.13%
CAS 2015-C04 2M2 08.0563 04/25/2028 0.13%
CENTRAL JAPAN RAILWAY CO 0.13%
COSTCO WHOLESALE CORP 0.13%
CSC HOLDINGS LLC 05.2500 06/01/2024 0.13%
DUN & BRADSTREET CORP 0.13%
ENERGY TRANSFER LP 05.8750 01/15/2024 0.13%
ENI SPA 0.13%
ERAC USA FINANCE LLC P/P 144A 07.0000 10/15/2037 0.13%
HOYA CORP 0.13%
IMPERIAL BRANDS PLC 0.13%
IND & COMM BK OF CHINA-H 0.13%
JPMORGAN CHASE & CO 03.9640 11/15/2048 0.13%
KONINKLIJKE AHOLD DELHAIZE N 0.13%
LABORATORY CRP OF AMER HLDGS 0.13%
MICROSOFT CORP 01.5500 08/08/2021 0.13%
MIZUHO FINANCIAL GROUP INC 0.13%
NBCUNIVERSAL MEDIA LLC 04.3750 04/01/2021 0.13%
SUMITOMO MITSUI FINANCIAL GR 0.13%
AMAZON.COM INC 03.3000 12/05/2021 0.12%
ANTHEM INC 0.12%
CK ASSET HOLDINGS LTD 0.12%
DUKE REALTY CORP 0.12%
ECOLAB INC 0.12%
GSMS 2010-C1 D P/P 144A 06.0511 08/10/2043 0.12%
HITACHI LTD 0.12%
MACQUARIE GROUP LTD 0.12%
PETROLEOS MEXICANOS USD 06.5000 03/13/2027 0.12%
PHILLIPS 66 0.12%
PROLOGIS INC 0.12%
PVH CORP 0.12%
SPRINT COMMUNICATIONS INC. 07.0000 08/15/2020 0.12%
SPST 2018-8 A 02.9819 02/24/2020 0.12%
VOLVO AB-B SHS 0.12%
ABBVIE INC 0.11%
AES CORP/THE 05.5000 04/15/2025 0.11%
AXALTA COATING SYSTEMS LTD 0.11%
CISCO SYSTEMS INC 02.2000 02/28/2021 0.11%
COCA-COLA EUROPEAN PARTNERS 0.11%
EQUINOR ASA 0.11%
GSMS 2014-GC22 C 04.6893 06/10/2047 0.11%
HERMES INTERNATIONAL 0.11%
HILTON WORLDWIDE FIN LLC 04.8750 04/01/2027 0.11%
IHS MARKIT LTD P/P 144A 04.7500 02/15/2025 0.11%
INFOR SOFTWARE P/P 144A 07.1250 05/01/2021 0.11%
INTERPUBLIC GROUP COS 04.6500 10/01/2028 0.11%
INTL CONSOLIDATED AIRLINE-DI 0.11%
KIMBERLY-CLARK CORP 0.11%
L OREAL 0.11%
LAMB WESTON HOLDINGS P/P 144A 04.8750 11/01/2026 0.11%
LEGAL & GENERAL GROUP PLC 0.11%
LNSTR 2015-3 B P/P 144A 03.1284 04/20/2048 0.11%
NEW RESIDENTIAL INVESTMENT 0.11%
ORIX CORP 0.11%
PARTNERS GROUP HOLDING AG 0.11%
PETROBRAS GLOBAL FINANCE USD 07.3750 01/17/2027 0.11%
PEUGEOT SA 0.11%
RESIDEO TECHNOLOGIES INC 0.11%
SANDVIK AB 0.11%
SCIENTIFIC GAMES INT 10.0000 12/01/2022 0.11%
SHIONOGI & CO LTD 0.11%
SIRIUS XM RADIO INC P/P 144A 05.0000 08/01/2027 0.11%
SWEDBANK AB - A SHARES 0.11%
T-MOBILE US INC 0.11%
TAIWAN SEMICONDUCTOR-SP ADR 0.11%
21ST CENTURY FOX AMERICA 07.7500 12/01/2045 0.10%
ABN AMRO GROUP NV-CVA 0.10%
AMADEUS IT GROUP SA 0.10%
APPLE HOSPITALITY REIT INC 0.10%
ASHLAND GLOBAL HOLDINGS INC 0.10%
ASTELLAS PHARMA INC 0.10%
AVIVA PLC 0.10%
BASF SE 0.10%
CAMDEN PROPERTY TRUST 0.10%
CSC HOLDINGS LLC 06.7500 11/15/2021 0.10%
DEUTSCHE TELEKOM AG-REG 0.10%
ELANCO ANIMAL HEALTH P/P 144A 04.9000 08/28/2028 0.10%
EXTRA SPACE STORAGE INC 0.10%
GOLDMAN SACHS GROUP INC 02.3000 12/13/2019 0.10%
HANG SENG BANK LTD 0.10%
HIGHWOODS PROPERTIES INC 0.10%
JPMBB 2014-C22 XA IO 00.8776 09/15/2047 0.10%
JPY/USD 02/20/2019 JPMCB 0.10%
KEURIG DR PEPPER INC P/P 144A 04.5970 05/25/2028 0.10%
MARUBENI CORP 0.10%
MITSUI AND CO LTD 0.10%
NESTLE SA-REG 0.10%
NEWS CORP - CLASS A 0.10%
PERSIMMON PLC 0.10%
PINNACLE WEST CAPITAL 0.10%
REINSURANCE GROUP OF AMERICA 0.10%
RESONA HOLDINGS INC 0.10%
ROYAL DUTCH SHELL PLC-B SHS 0.10%
SK HYNIX INC 0.10%
TAISEI CORP 0.10%
TATA CONSULTANCY SVS LTD 0.10%
TELENOR ASA 0.10%
TPAT 2018-SL1 A P/P 144A 03.1063 01/25/2046 0.10%
VIDEOTRON LTD / LTEE P/P 144A 05.1250 04/15/2027 0.10%
ACS ACTIVIDADES 0.09%
ALIBABA GROUP HOLDING-SP ADR 0.09%
ALLY FINANCIAL INC 08.0000 11/01/2031 0.09%
ANGLO AMER PLC 0.09%
ARGENTINE REPUBLIC USD 06.8750 01/26/2027 0.09%
BAUSCH HLTH COS INC P/P 144A 06.1250 04/15/2025 0.09%
BIOGEN INC 0.09%
BT GROUP PLC 0.09%
CELGENE CORP 0.09%
CITIGROUP INC 02.6500 10/26/2020 0.09%
CSMC 2016-NXSR C 04.3617 12/15/2049 0.09%
EAST WEST BANCORP INC 0.09%
ENDESA S.A. 0.09%
ENERGY TRANSFER OPERATNG 06.6250 02/15/2028 0.09%
FNR 2018-86 DS IO 03.5938 12/25/2048 0.09%
GOLDMAN SACHS GROUP INC 03.8500 01/26/2027 0.09%
HOST HOTELS & RESORTS INC 0.09%
INFOSYS LTD 0.09%
JPMBB 2014-C22 C 04.5579 09/15/2047 0.09%
JPMORGAN CHASE & CO 03.6250 12/01/2027 0.09%
LG UPLUS CORP 0.09%
MACQUARIE GROUP LTD P/P 144A 07.6250 08/13/2019 0.09%
MCDONALD'S CORP 0.09%
MORGAN STANLEY 03.6250 01/20/2027 0.09%
NATIONAL RETAIL PROPERTIES 0.09%
OMEGA HEALTHCARE INVESTORS 0.09%
PETROBRAS GLOBAL FIN USD 05.9990 01/27/2028 0.09%
PROVINCIA DE CORDOBA P/P 144A 07.1250 08/01/2027 0.09%
PUBLIC STORAGE 0.09%
SANOFI 0.09%
SERVICEMASTER GLOBAL HOLDING 0.09%
SPST 2017-LD1 A 03.3063 11/25/2050 0.09%
STANDARD IND INC P/P 144A 05.0000 02/15/2027 0.09%
STARWOOD PROPERTY TRUST INC 0.09%
TOYOTA MOTOR CORP 0.09%
WALMART DE MEXICO SAB DE CV 0.09%
WELLS FARGO & COMPANY 02.6000 07/22/2020 0.09%
AENA SME SA 0.08%
AIR LEASE CORP 04.6250 10/01/2028 0.08%
AMERICAN CAMPUS COMMUNITIES 0.08%
APARTMENT INVT & MGMT CO -A 0.08%
ASHTEAD GROUP PLC 0.08%
BANK OF COMMUNICATIONS - H 0.08%
BRISTOL-MYERS SQUIBB CO 0.08%
BWAY HOLDING CO P/P 144A 07.2500 04/15/2025 0.08%
CAPRI HOLDINGS LTD 0.08%
CHENIERE CORP CHRIST 05.1250 06/30/2027 0.08%
CHIMERA INVESTMENT CORP 0.08%
CHINA PETROLEUM & CHEMICAL-H 0.08%
COMM 2014-UBS6 C 04.4651 12/10/2047 0.08%
CONCHO RESOURCES INC 03.7500 10/01/2027 0.08%
DBUBS 2011-LC3A D P/P 144A 05.3379 08/10/2044 0.08%
ENCOMPASS HEALTH CORP 0.08%
ENEL SPA 0.08%
FORMOSA CHEMICALS & FIBRE 0.08%
GCP APPLIED TECH P/P 144A 05.5000 04/15/2026 0.08%
GILEAD SCIENCES INC 0.08%
HCL TECHNOLOGIES LTD 0.08%
HEALTHCARE TRUST OF AME-CL A 0.08%
HOME DEPOT INC 0.08%
KDDI CORP 0.08%
LIBERTY MEDIA COR-SIRIUSXM C 0.08%
LIBERTY MUTUAL GROUP P/P 144A 07.8000 03/15/2037 0.08%
LLOYDS BANKING GROUP PLC 0.08%
MEDICAL PROPERTIES TRUST INC 0.08%
MICROSOFT CORP 02.4000 08/08/2026 0.08%
MSC 2012-C4 C P/P 144A 05.4199 03/15/2045 0.08%
PEACHTREE FUNDING TR P/P 144A 03.9760 02/15/2025 0.08%
PFIZER INC 01.7000 12/15/2019 0.08%
PTT PCL/FOREIGN 0.08%
SK TELECOM 0.08%
SOLERA LLC / SOLERA P/P 144A 10.5000 03/01/2024 0.08%
STORE CAPITAL CORP 0.08%
T-MOBILE USA INC 05.3750 04/15/2027 0.08%
TENAGA NASIONAL BHD 0.08%
UPM-KYMMENE OYJ 0.08%
WAMU 2005-AR12 1A8 04.0381 10/25/2035 0.08%
WESTERN DIGITAL CORP 04.7500 02/15/2026 0.08%
WOLTERS KLUWER 0.08%
AMDOCS LTD 0.07%
ANHUI CONCH CEMENT CO LTD-H 0.07%
BANCO ITAU HOLDING PFD 0.07%
BANCO SANTANDER BRASIL-UNIT 0.07%
BANK OF SHANGHAI 144A REGS WARRANT 12/12/2019 0.07%
BRIGHT HORIZONS FAMILY SOLUT 0.07%
BRIXMOR PROPERTY GROUP INC 0.07%
CCO HLDGS LLC/CAP CO P/P 144A 05.8750 04/01/2024 0.07%
CHESAPEAKE ENERGY CORP 08.0000 01/15/2025 0.07%
CHINA MOBILE LTD 0.07%
CHS/COMMUNITY HEALTH SYS 06.2500 03/31/2023 0.07%
CITIGROUP INC 03.8870 01/10/2028 0.07%
COLUMBIA PROPERTY TRUST INC 0.07%
COMM 2014-LC15 XA IO 01.2545 04/10/2047 0.07%
CVS HEALTH CORP 04.7800 03/25/2038 0.07%
DISH DBS CORP 05.8750 11/15/2024 0.07%
ECOLAB INC 04.3500 12/08/2021 0.07%
EPR PROPERTIES 0.07%
FAURECIA 0.07%
FIRST DATA CORP P/P 144A 05.7500 01/15/2024 0.07%
FIRSTENERGY TRANSMIS P/P 144A 05.4500 07/15/2044 0.07%
FNMA FN40 BF0171 04.0000 01/01/2057 0.07%
FORD MOTOR CO 0.07%
GREE ELECTRIC 144A/REGS WARRANT 08/29/2019 0.07%
HCA INC 06.5000 02/15/2020 0.07%
INTELSAT JACKSON HLD P/P 144A 09.7500 07/15/2025 0.07%
INTL FLAVOR & FRAGRANCES 03.4000 09/25/2020 0.07%
IRB BRASIL RESSEGUROS SA 0.07%
JACK OHIO FIN LLC/FI P/P 144A 10.2500 11/15/2022 0.07%
JAPAN AIRLINES CO LTD 0.07%
JBG SMITH PROPERTIES 0.07%
LEAR CORP 03.8000 09/15/2027 0.07%
MICROCHIP TECH INC P/P 144A 04.3330 06/01/2023 0.07%
MITSUBISHI CORP 0.07%
MITSUBISHI UFJ FIN GRP USD 03.5350 07/26/2021 0.07%
NATL HEALTH INVESTORS INC 0.07%
NAVISTAR TLB L+350 04.7500 11/06/2024 0.07%
NOVELIS CORP P/P 144A 05.8750 09/30/2026 0.07%
NRG ENERGY INC 06.6250 01/15/2027 0.07%
NTT DATA CORP 0.07%
PARK HOTELS & RESORTS INC 0.07%
PTT GLOBAL CHEMICAL PCL-FOR 0.07%
QIAGEN N.V. 0.07%
RECKITT BENCKISER GROUP PLC 0.07%
SIX FLAGS ENT P/P 144A 05.5000 04/15/2027 0.07%
SPIRIT REALTY CAPITAL INC 0.07%
TARGA RESOURCES PART 05.0000 01/15/2028 0.07%
TECH MAHINDRA LTD 0.07%
TUI AG-DI 0.07%
UNI-PRESIDENT ENTERPRISES CO 0.07%
UNITEDHEALTH GROUP INC 03.8500 06/15/2028 0.07%
VISTRA ENERGY CORP 07.6250 11/01/2024 0.07%
WELLTOWER INC 0.07%
WFRBS 2014-C22 XA IO 00.8472 09/15/2057 0.07%
3I GROUP PLC 0.06%
ALLY FINANCIAL INC 05.7500 11/20/2025 0.06%
AMERICAN EXPRESS CO 08.1250 05/20/2019 0.06%
AMERICAN HOME 4 RENT 0.06%
AMERICOLD REALTY TRUST 0.06%
ASSOCIATED BRITISH FOODS PLC 0.06%
AT&T INC 04.1000 02/15/2028 0.06%
BLUESCOPE STEEL LTD 0.06%
BMW US CAPITAL LLC P/P 144A 02.0000 04/11/2021 0.06%
BOMBARDIER INC P/P 144A 07.5000 12/01/2024 0.06%
BP CAPITAL MARKETS PLC USD 02.3150 02/13/2020 0.06%
BP PLC 0.06%
CALPINE CORPORATION 05.7500 01/15/2025 0.06%
CARLSBERG AS-B 0.06%
CAS 2015-C01 1M2 06.8063 02/25/2025 0.06%
CBS RADIO INC P/P 144A 07.2500 11/01/2024 0.06%
CCO HLDGS LLC/CAP CO P/P 144A 05.7500 02/15/2026 0.06%
CF INDUSTRIES INC P/P 144A 04.5000 12/01/2026 0.06%
CGCMT 2014-GC21 AS 04.0260 05/10/2047 0.06%
CHENIERE CORP CHRIST 05.8750 03/31/2025 0.06%
CHINA RAILWAY GROUP LTD-H 0.06%
CIGNA CORP 0.06%
CLUBCORP HLDG INC P/P 144A 08.5000 09/15/2025 0.06%
COMCAST CORP 06.5000 11/15/2035 0.06%
COMPASS MINERALS INT P/P 144A 04.8750 07/15/2024 0.06%
COUNTRY GARDEN HOLDINGS CO 0.06%
DELTA AIR LINES INC 0.06%
DIGITAL REALTY TRUST LP 04.4500 07/15/2028 0.06%
EASTERLY GOVERNMENT PROPERTI 0.06%
ECOPETROL SA-SPONSORED ADR 0.06%
EVRAZ PLC 0.06%
FAIRFAX FINL HLDGS P/P 144A 04.8500 04/17/2028 0.06%
FORMOSA PLASTICS CORP 0.06%
FOUR CORNERS PROPERTY TRUST 0.06%
GNR 2016-135 PI IO 04.0000 05/20/2046 0.06%
GOLDMAN SACHS GROUP INC 04.2230 05/01/2029 0.06%
GRUPO FINANCIERO BANORTE-O 0.06%
HCA INC 05.5000 06/15/2047 0.06%
HINDUSTAN UNILEVER LTD 0.06%
INTELSAT CONNECT FIN P/P 144A 09.5000 02/15/2023 0.06%
MORGAN STANLEY 02.6500 01/27/2020 0.06%
MSRR 2015-R4 CB1 03.1408 08/26/2047 0.06%
NAVISTAR INTL CORP P/P 144A 06.6250 11/01/2025 0.06%
NEWFIELD EXPLORATION CO 05.3750 01/01/2026 0.06%
NINTENDO CO LTD 0.06%
NOVO NORDISK A/S-B 0.06%
OASIS PETROLEUM INC 06.8750 03/15/2022 0.06%
OMEGA HLTHCARE INVESTORS 04.9500 04/01/2024 0.06%
ORACLE CORP 02.6500 07/15/2026 0.06%
PEARSON PLC 0.06%
PIEDMONT OFFICE REALTY TRU-A 0.06%
PRESIDENT CHAIN STORE CORP 0.06%
PULTEGROUP INC. 07.8750 06/15/2032 0.06%
ROYAL BANK OF CANADA USD 02.1250 03/02/2020 0.06%
SINOTRUK HONG KONG LTD 0.06%
TEMPO ACQ LLC/FI P/P 144A 06.7500 06/01/2025 0.06%
TRANSDIGM INC 06.3750 06/15/2026 0.06%
UCB SA 0.06%
WEINGARTEN REALTY INVESTORS 0.06%
WESTLAKE CHEM CORP 03.6000 08/15/2026 0.06%
AIR MEDICAL MERGER S P/P 144A 06.3750 05/15/2023 0.05%
AMAZON.COM INC 03.1500 08/22/2027 0.05%
AMERICAN TOWER CORP 03.5500 07/15/2027 0.05%
AMGEN INC 02.6000 08/19/2026 0.05%
APPLE INC 03.8500 05/04/2043 0.05%
ARCELORMITTAL 0.05%
ARKEMA 0.05%
BANCO DO BRASIL S.A. 0.05%
BANFF MERGER SUB INC P/P 144A 09.7500 09/01/2026 0.05%
BANK OF CHINA LTD-H 0.05%
BANK OF NOVA SCOTIA USD 02.3500 10/21/2020 0.05%
BECTON DICKINSON AND CO 04.6690 06/06/2047 0.05%
BIG RVR STL/FIN P/P 144A 07.2500 09/01/2025 0.05%
BOISE CASCADE CO P/P 144A 05.6250 09/01/2024 0.05%
BRAND ENERGY TL L+425 06.7324 06/21/2024 0.05%
BROADCOM CRP / CAYM 03.5000 01/15/2028 0.05%
BROADRIDGE FINANCIAL SOLUTIO 0.05%
CAPGEMINI SE 0.05%
CAS 2014-C02 2M2 05.1063 05/25/2024 0.05%
CATCHER TECHNOLOGY CO LTD 0.05%
CDX CDX.NA.HY.31 500.0 12/20/2023 0.05%
CENTENE CORP 06.1250 02/15/2024 0.05%
CGCMT 2014-GC21 C 04.7800 05/10/2047 0.05%
CHARLES RIVER LABORATORIES 0.05%
CHARTER COMM OPT LLC 06.4840 10/23/2045 0.05%
CIA SANEAMENTO BASICO DE SP 0.05%
CLP HOLDINGS LTD 0.05%
CMLTI 2005-2 1A2A 04.5375 05/25/2035 0.05%
COMMSCOPE TECH LLC P/P 144A 06.0000 06/15/2025 0.05%
CORELOGIC INC 0.05%
COVESTRO AG 0.05%
CVS HEALTH CORP 04.7500 12/01/2022 0.05%
DIGITAL REALTY TRUST INC 0.05%
ECOLAB INC 02.7000 11/01/2026 0.05%
ENDEAVOR ENERGY P/P 144A 05.7500 01/30/2028 0.05%
EQUINIX INC 05.3750 05/15/2027 0.05%
FAIRFAX US INC P/P 144A 04.8750 08/13/2024 0.05%
FIAT CHRYSLER AUTOMOBILES NV 0.05%
FIRSTRAND LTD 0.05%
FOSUN INTERNATIONAL 0.05%
GATES GLOBAL LLC P/P 144A 06.0000 07/15/2022 0.05%
GENPACT LTD 0.05%
GLENCORE FUNDING LLC P/P 144A 04.0000 04/16/2025 0.05%
GLP CAPITAL LP / FIN II 05.3750 04/15/2026 0.05%
GRAY ESCROW INC P/P 144A 07.0000 05/15/2027 0.05%
GREAT LAKES D&D 08.0000 05/15/2022 0.05%
GSMS 2014-GC22 XA IO 00.9899 06/10/2047 0.05%
HANA FINANCIAL GROUP 0.05%
HESS INFRASTRUCTURE P/P 144A 05.6250 02/15/2026 0.05%
HOLLY ENERGY PARTNE P/P 144A 06.0000 08/01/2024 0.05%
HOME DEPOT INC 02.6250 06/01/2022 0.05%
HOWARD HUGHES CORP P/P 144A 05.3750 03/15/2025 0.05%
HUSKY TLB L+300 05.5224 03/28/2025 0.05%
HYPERA SA 0.05%
JACK OHIO FIN LLC/FI P/P 144A 06.7500 11/15/2021 0.05%
KINDER MORGAN INC 03.1500 01/15/2023 0.05%
MGM RESORTS INTL 08.6250 02/01/2019 0.05%
MR PRICE GROUP LTD 0.05%
NEWELL BRANDS INC 04.2000 04/01/2026 0.05%
NEXSTAR BROADC P/P 144A 05.6250 08/01/2024 0.05%
NIELSEN FIN LLC/CO P/P 144A 05.0000 04/15/2022 0.05%
NIPPON TELEGRAPH & TELEPHONE 0.05%
NOVARTIS CAPITAL CORP 04.0000 11/20/2045 0.05%
NTT DOCOMO INC 0.05%
ONCOR ELECTRIC DELIV 03.7500 04/01/2045 0.05%
OSHKOSH CORP 04.6000 05/15/2028 0.05%
OSHKOSH CORP 05.3750 03/01/2025 0.05%
PENSKE AUTOMOTIVE GROUP 05.5000 05/15/2026 0.05%
RBS GLOBAL/REXNO P/P 144A 04.8750 12/15/2025 0.05%
RIVERS PITTSBURGH LP P/P 144A 06.1250 08/15/2021 0.05%
SAIL 2004-10 A10 03.4063 11/25/2034 0.05%
SALESFORCE.COM INC 03.7000 04/11/2028 0.05%
SCENTRE GROUP 0.05%
SINCLAIR TELEVISION P/P 144A 05.6250 08/01/2024 0.05%
SOFTBANK GROUP CORP 0.05%
STEVENS HLDG CO INC P/P 144A 06.1250 10/01/2026 0.05%
TAYLOR WIMPEY PLC 0.05%
TELSTRA CORP LTD 0.05%
THERMO FISHER SCIENTIFIC INC 0.05%
TIM PARTICIPACOES SA 0.05%
TRAVELPORT CORP FIN P/P 144A 06.0000 03/15/2026 0.05%
TRINIDAD DRILLING LT P/P 144A 06.6250 02/15/2025 0.05%
TTM TECHNOLOGIES INC P/P 144A 05.6250 10/01/2025 0.05%
TWO HARBORS INVESTMENT CORP 0.05%
UNITED CONTINENTAL HOLDINGS 0.05%
VERTEX PHARMACEUTICALS INC 0.05%
WARNER MEDIA LLC 03.8000 02/15/2027 0.05%
WATCO COS LLC/FI P/P 144A 06.3750 04/01/2023 0.05%
WEWORK COS INC P/P 144A 07.8750 05/01/2025 0.05%
WILLIAMS COMPANIES INC 04.3000 03/04/2024 0.05%
WYNN LAS VEGAS P/P 144A 05.2500 05/15/2027 0.05%
1011778 BC / NEW RED P/P 144A 04.2500 05/15/2024 0.04%
1011778 BC / NEW RED P/P 144A 05.0000 10/15/2025 0.04%
AES CORP/THE 05.1250 09/01/2027 0.04%
AIG GLOBAL FUNDING P/P 144A 02.1500 07/02/2020 0.04%
ALFRESA HOLDINGS CORP 0.04%
ALLERGAN PLC 0.04%
ALLISON TRANSMISSION P/P 144A 04.7500 10/01/2027 0.04%
ALTA MESA HLDGS 07.8750 12/15/2024 0.04%
AMER TRANS SYST P/P 144A 05.0000 09/01/2044 0.04%
APERGY CORP 06.3750 05/01/2026 0.04%
APPLE INC 02.8500 05/06/2021 0.04%
AT&T INC 03.4000 05/15/2025 0.04%
AVAYA TLB L+425 06.7010 12/15/2024 0.04%
BANK OF AMERICA CORP 03.2480 10/21/2027 0.04%
BANK OF AMERICA CORP 06.1000 12/29/2049 0.04%
BANK OF MONTREAL USD 03.1000 04/13/2021 0.04%
BAUSCH HLTH COS INC P/P 144A 07.0000 03/15/2024 0.04%
BECTON DICKINSON AND CO 03.7000 06/06/2027 0.04%
BERRY GLOBAL INC 05.1250 07/15/2023 0.04%
BIOGEN INC 03.6250 09/15/2022 0.04%
BMC EAST LLC P/P 144A 05.5000 10/01/2024 0.04%
BRAND ENERGY & I P/P 144A 08.5000 07/15/2025 0.04%
BRDCOM CRP / FIN 03.8750 01/15/2027 0.04%
BRIGGS & STRATTON CORPORATION 06.8750 12/15/2020 0.04%
BUILDERS FIRSTSOURCE P/P 144A 05.6250 09/01/2024 0.04%
CALIFORNIA RESOURC TL L+475 07.0365 11/17/2022 0.04%
CANTOR FITZGERALD LP P/P 144A 06.5000 06/17/2022 0.04%
CEC ENT INC 08.0000 02/15/2022 0.04%
CELANESE US HOLDINGS LLC 04.6250 11/15/2022 0.04%
CGCMT 2014-GC19 X IO 01.1417 03/10/2047 0.04%
CHS/COMMUNITY HEALTH 06.8750 02/01/2022 0.04%
CIGNA CORP P/P 144A 03.7500 07/15/2023 0.04%
CINEMARK USA INC 04.8750 06/01/2023 0.04%
CIT GROUP INC. 05.2500 03/07/2025 0.04%
CITIGROUP INC 03.6680 07/24/2028 0.04%
CITIGROUP INC 04.4500 09/29/2027 0.04%
CITIGROUP INC 04.6000 03/09/2026 0.04%
CK HUTCHISON HOLDINGS LTD 0.04%
CNG HOLDINGS INC P/P 144A 09.3750 05/15/2020 0.04%
CNO FINANCIAL GROUP INC 05.2500 05/30/2025 0.04%
COMM 2014-CR17 XA IO 01.0783 05/10/2047 0.04%
COMM 2014-UBS6 XA IO 00.9541 12/10/2047 0.04%
COMMONWEALTH BK AUST P/P 144A 03.1500 09/19/2027 0.04%
COMSTOCK ESCROW CORP P/P 144A 09.7500 08/15/2026 0.04%
COUSINS PROPERTIES INC 0.04%
COVEY PARK ENERGY LL P/P 144A 07.5000 05/15/2025 0.04%
CRC ESCROW ISSUER LL P/P 144A 05.2500 10/15/2025 0.04%
CSAIL 2015-C1 XA IO 00.9157 04/15/2050 0.04%
DAELIM INDUSTRIAL CO LTD 0.04%
DIAMONDBACK ENERGY INC 05.3750 05/31/2025 0.04%
DONGFENG MOTOR GRP CO LTD-H 0.04%
DOW CHEMICAL CO/THE 03.5000 10/01/2024 0.04%
ENDO FIN LLC/ENDO FI P/P 144A 05.3750 01/15/2023 0.04%
ENTERPRISE PRODUCTS OPER 04.2500 02/15/2048 0.04%
EQT CORP 03.9000 10/01/2027 0.04%
EQUINOR ASA USD 02.9000 11/08/2020 0.04%
EQUITY COMMONWEALTH 0.04%
ERAC USA FINANCE LLC P/P 144A 05.6250 03/15/2042 0.04%
FAST RETAILING CO LTD 0.04%
FREEPORT-MCMORAN INC 06.8750 02/15/2023 0.04%
FRONTIER COMM P/P 144A 08.5000 04/01/2026 0.04%
GAIL INDIA LTD 0.04%
GENERAL MOTORS FINL CO 04.0000 10/06/2026 0.04%
GENTING SINGAPORE LTD 0.04%
GETTY REALTY CORP 0.04%
GFL ENVIRONMENTAL P/P 144A 07.0000 06/01/2026 0.04%
GNR 2013-99 AS IO 03.5799 06/20/2043 0.04%
GOLDEN NUGGET INC P/P 144A 06.7500 10/15/2024 0.04%
GOLDEN NUGGET INC P/P 144A 08.7500 10/01/2025 0.04%
GRUPO AEROPORTUARIO DEL CENT 0.04%
GUANGZHOU R&F PROPERTIES - H 0.04%
HCA INC 05.2500 06/15/2026 0.04%
HENDERSON LAND DEVELOPMENT 0.04%
HONEYWELL INTL 03.8120 11/21/2047 0.04%
HOSPITALITY PROP TRUST 04.3750 02/15/2030 0.04%
HUNTSMAN INTERNATIONAL LLC 04.8750 11/15/2020 0.04%
HYATT HOTELS CORP 04.8500 03/15/2026 0.04%
INFRAREIT INC 0.04%
INGEVITY CORP P/P 144A 04.5000 02/01/2026 0.04%
INTERCONTINENTAL EXCHANGE IN 0.04%
IRON MOUNTAIN INC P/P 144A 04.8750 09/15/2027 0.04%
ISHARES US REAL ESTATE ETF 0.04%
ITRON INC P/P 144A 05.0000 01/15/2026 0.04%
KFC HLD/PIZZA HUT/TA P/P 144A 05.2500 06/01/2026 0.04%
KOREA INVESTMENT HOLDINGS CO 0.04%
LPL HOLDINGS INC P/P 144A 05.7500 09/15/2025 0.04%
MACQUARIE BANK LTD P/P 144A 02.8500 07/29/2020 0.04%
MATCH GROUP INC P/P 144A 05.0000 12/15/2027 0.04%
MEG ENERGY CORP P/P 144A 06.5000 01/15/2025 0.04%
MEREDITH CORP P/P 144A 06.8750 02/01/2026 0.04%
MFA FINANCIAL INC 0.04%
MORGAN STANLEY 04.3750 01/22/2047 0.04%
NABORS IND INC 05.7500 02/01/2025 0.04%
NATIONSTAR MORT/ 06.5000 07/01/2021 0.04%
NBCUNIVERSAL MEDIA LLC 05.1500 04/30/2020 0.04%
NEIMAN MARCUS TL L+325 05.6295 10/25/2020 0.04%
OMNICOM GP/OMNICOM CAP 03.6000 04/15/2026 0.04%
OMV AG 0.04%
PEPSICO INC 0.04%
PQ CORP P/P 144A 05.7500 12/15/2025 0.04%
QUALICORP CONS E CORR SEG SA 0.04%
RAYTHEON COMPANY 02.5000 12/15/2022 0.04%
RITE AID CORP P/P 144A 06.1250 04/01/2023 0.04%
SAMI 2007-AR7 1A1 03.3563 05/25/2047 0.04%
SBERBANK PJSC -SPONSORED ADR 0.04%
SHELL INTERNATIONAL FIN USD 02.8750 05/10/2026 0.04%
SMILES FIDELIDADE SA 0.04%
SMURFIT KAPPA TREASURY USD 07.5000 11/20/2025 0.04%
SOUTH32 LTD 0.04%
STANDARD IND INC P/P 144A 05.3750 11/15/2024 0.04%
STOCKLAND 0.04%
SUMITOMO CHEMICAL CO LTD 0.04%
SUMITOMO MITSUI TRUST HOLDIN 0.04%
SUN HUNG KAI PROPERTIES 0.04%
SWEDISH MATCH AB 0.04%
SWISS RE TREAS P/P 144A 04.2500 12/06/2042 0.04%
THE WILLIAMS COMPANIES INC. 08.7500 03/15/2032 0.04%
TMS INTL CORP P/P 144A 07.2500 08/15/2025 0.04%
UBSBB 2012-C3 C P/P 144A 05.0310 08/10/2049 0.04%
UNIVISION COMM P/P 144A 05.1250 02/15/2025 0.04%
US CONCRETE INC 06.3750 06/01/2024 0.04%
USIS MERGER SUB INC P/P 144A 06.8750 05/01/2025 0.04%
VENTAS INC 0.04%
VERIZON COMM 04.3290 09/21/2028 0.04%
VISTRA OPERATIONS CO P/P 144A 05.5000 09/01/2026 0.04%
VODAFONE GROUP PLC USD 04.3750 05/30/2028 0.04%
WABASH NATIONAL CORP P/P 144A 05.5000 10/01/2025 0.04%
WANT WANT CHINA HOLDINGS LTD 0.04%
WATERS CORP 0.04%
WEICHAI POWER CO LTD-H 0.04%
WERNER FINCO LP/INC P/P 144A 08.7500 07/15/2025 0.04%
WFRBS 2013-UBS1 AS 04.3060 03/15/2046 0.04%
YUANTA FINANCIAL HOLDING CO 0.04%
AGILE GROUP HOLDINGS LTD 0.03%
AIR LEASE CORP 03.6250 04/01/2027 0.03%
AIRASIA GROUP BHD 0.03%
ALLEGHENY TECHNOLOGIES 07.8750 08/15/2023 0.03%
ALLIANCE DATA SYS CO P/P 144A 05.3750 08/01/2022 0.03%
AMC ENTERTAINMENT HLDGS 06.1250 05/15/2027 0.03%
AMERICAN ELECTRIC POWER 04.3000 12/01/2028 0.03%
AMGEN INC 04.6630 06/15/2051 0.03%
ANALOG DEVICES INC 02.8500 03/12/2020 0.03%
APPLE INC 02.0000 05/06/2020 0.03%
ARC PROP OPER PART L 04.6000 02/06/2024 0.03%
ARCELORMITTAL USD 07.0000 10/15/2039 0.03%
ARRIS INTERNATIONAL PLC 0.03%
ASCEND LEARNING LLC P/P 144A 06.8750 08/01/2025 0.03%
AT&T INC 04.7500 05/15/2046 0.03%
AUTOMATION TOOLING S P/P 144A 06.5000 06/15/2023 0.03%
AUTONATION INC. 05.5000 02/01/2020 0.03%
BANCO SANTANDER-CHILE-ADR 0.03%
BANDAI NAMCO HOLDINGS INC 0.03%
BANK LEUMI LE-ISRAEL 0.03%
BAUSCH HLTH COS INC P/P 144A 09.0000 12/15/2025 0.03%
BEACON ROOFING SUPP P/P 144A 04.8750 11/01/2025 0.03%
BERKSHIRE HATHAWAY INC-CL B 0.03%
BIOSCRIP INC 08.8750 02/15/2021 0.03%
BOSTON PROPERTIES INC 0.03%
BOYD GAMING CORP 06.3750 04/01/2026 0.03%
BP CAPITAL MARKETS PLC USD 01.7680 09/19/2019 0.03%
CARRIAGE SVCS INC P/P 144A 06.6250 06/01/2026 0.03%
CAS 2014-C02 1M2 05.1063 05/25/2024 0.03%
CAS 2016-C02 1M2 08.5063 09/25/2028 0.03%
CBRE SERVICES INC 04.8750 03/01/2026 0.03%
CBRE SERVICES INC 05.2500 03/15/2025 0.03%
CBS CORP 02.9000 01/15/2027 0.03%
CBS OUT AMER CAP LLC 05.8750 03/15/2025 0.03%
CCO HLDGS LLC/CAP C P/P 144A 05.5000 05/01/2026 0.03%
CF INDUSTRIES INC 04.9500 06/01/2043 0.03%
CGCMT 2012-GC8 XA IO P/P 144A 01.8005 09/10/2045 0.03%
CHARTER COMM OPT LLC 05.3750 05/01/2047 0.03%
CHEMOURS CO 07.0000 05/15/2025 0.03%
CHS/COMMUNITY HEALT P/P 144A 08.1250 06/30/2024 0.03%
CIMIC GROUP LTD 0.03%
CIT GROUP INC 05.0000 08/01/2023 0.03%
CITY OFFICE REIT INC 0.03%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CS 0.03%
COLRUYT SA 0.03%
COMCAST CORP 03.3750 02/15/2025 0.03%
COMM 2012-LC4 C 05.5390 12/10/2044 0.03%
COOPERATIEVE RABOBANK UA USD 05.2500 05/24/2041 0.03%
CREDIT ACCEPTANC 07.3750 03/15/2023 0.03%
CROWN CORK & SEAL CO INC 07.3750 12/15/2026 0.03%
CROWN RESORTS LTD 0.03%
CROWNROCK LP/CROWNRO P/P 144A 05.6250 10/15/2025 0.03%
DEAN FOODS CO P/P 144A 06.5000 03/15/2023 0.03%
DENBURY RESOURCES IN P/P 144A 09.0000 05/15/2021 0.03%
DEUTSCHE BOERSE AG 0.03%
DIAMOND 1 FIN/DIAMON P/P 144A 07.1250 06/15/2024 0.03%
DUKE ENERGY CORP 03.1500 08/15/2027 0.03%
EAGLECLAW MID TL L+425 06.8690 06/30/2024 0.03%
ENBRIDGE INC USD 04.2500 12/01/2026 0.03%
EOG RESOURCES INC 02.6250 03/15/2023 0.03%
EPR PROPERTIES 05.7500 CUM CV PFD 0.03%
ERAC USA FINANCE LLC P/P 144A 04.5000 02/15/2045 0.03%
ESH HOSPITALITY INC P/P 144A 05.2500 05/01/2025 0.03%
FISERV INC 04.2000 10/01/2028 0.03%
FORD MOTOR COMPANY 04.3460 12/08/2026 0.03%
FREEDOM MTGE CORP P/P 144A 08.1250 11/15/2024 0.03%
FUJITSU LTD 0.03%
GALAXY ENT GRP L 0.03%
GEELY AUTOMOBILE HOLDINGS LT 0.03%
GENERAL DYNAMICS CORP 0.03%
GLENCORE FUNDING LLC P/P 144A 04.6250 04/29/2024 0.03%
GNR 2017-162 QI IO 05.0000 10/11/2047 0.03%
GNR 2017-H22 EI IO 02.0799 10/20/2067 0.03%
HOCHTIEF AG 0.03%
HUB INTL LTD P/P 144A 07.0000 05/01/2026 0.03%
HUDBAY MINERALS INC P/P 144A 07.6250 01/15/2025 0.03%
INCEPTION MRGR/RACK P/P 144A 08.6250 11/15/2024 0.03%
INDIGO NATURAL P/P 144A 06.8750 02/15/2026 0.03%
INDUSTRIAL BANK OF KOREA 0.03%
INTL FLAVOR & FRAGRANCES 04.4500 09/26/2028 0.03%
JAGGED PEAK ENERGY P/P 144A 05.8750 05/01/2026 0.03%
JO-ANN STORES 2NDL L+925 11.6038 05/21/2024 0.03%
JOHNSON CONTROLS INTL PL 04.9500 07/02/2064 0.03%
JPMCC 2012-C6 AS 04.1166 05/15/2045 0.03%
JPMORGAN CHASE & CO 05.3000 12/29/2049 0.03%
KAJIMA CORP 0.03%
KERING 0.03%
KINDER MORGAN ENER PART 03.4500 02/15/2023 0.03%
KKR GROUP FINANCE CO P/P 144A 06.3750 09/29/2020 0.03%
L3 TECHNOLOGIES INC 03.8500 12/15/2026 0.03%
LIONS GATE CAP HOLD P/P 144A 05.8750 11/01/2024 0.03%
LONDON STOCK EXCHANGE GROUP 0.03%
LOUISIANA-PACIFIC CORPORATION 04.8750 09/15/2024 0.03%
MASTEC INC 04.8750 03/15/2023 0.03%
MATTAMY GROUP CORP P/P 144A 06.8750 12/15/2023 0.03%
MEDIPAL HOLDINGS CORP 0.03%
MERCK & CO INC 03.7000 02/10/2045 0.03%
MGM RESORTS INTERNATIONAL 06.7500 10/01/2020 0.03%
MSBAM 2012-C5 AS 03.7920 08/15/2045 0.03%
MSBAM 2014-C17 C 04.4567 08/15/2047 0.03%
MSBAM 2014-C18 C 04.4893 10/15/2047 0.03%
MWST 2018-W1 A 03.1314 11/25/2051 0.03%
NATIONSTAR MTG P/P 144A 08.1250 07/15/2023 0.03%
NCI BUILDING SYS INC P/P 144A 08.0000 04/15/2026 0.03%
NEUBERGER BERMAN GRP P/P 144A 04.8750 04/15/2045 0.03%
NORTHROP GRUMMAN CORP 03.2500 01/15/2028 0.03%
OCCIDENTAL PETROLEUM COR 04.4000 04/15/2046 0.03%
OMEGA HLTHCARE INVES 04.5000 04/01/2027 0.03%
ORTHO-CLINICAL INC/S P/P 144A 06.6250 05/15/2022 0.03%
PING AN INSURANCE GROUP CO-H 0.03%
PLANTRONICS INC P/P 144A 05.5000 05/31/2023 0.03%
PROSIEBENSAT.1 MEDIA SE 0.03%
PROVIDENT FDG/PFG FI P/P 144A 06.3750 06/15/2025 0.03%
QVC INC 04.4500 02/15/2025 0.03%
RADIANT OPTO-ELECTRONICS COR 0.03%
RANDSTAD NV 0.03%
REALTY INCOME CORP 0.03%
REFINITIV US HLDG P/P 144A 06.2500 05/15/2026 0.03%
REGIONS FINANCIAL CORP 02.7500 08/14/2022 0.03%
REPUBLIC SERVICES INC 03.9500 05/15/2028 0.03%
SABINE PASS LIQUEF 05.0000 03/15/2027 0.03%
SABRE GLBL INC P/P 144A 05.3750 04/15/2023 0.03%
SAINSBURY (J) PLC 0.03%
SARTORIUS STEDIM BIOTECH 0.03%
SCHRODERS PLC 0.03%
SESI LLC 07.7500 09/15/2024 0.03%
SG HOLDINGS CO LTD 0.03%
SHINHAN FINANCIAL GROUP LTD 0.03%
SHIRE ACQ INV IE 03.2000 09/23/2026 0.03%
SIX FLAGS ENT P/P 144A 04.8750 07/31/2024 0.03%
SPECTRA ENERGY PARTNERS 03.3750 10/15/2026 0.03%
SPECTRUM BRANDS INC 05.7500 07/15/2025 0.03%
SPRINT CAPITAL CORPORATION 06.8750 11/15/2028 0.03%
STARWOOD PROP TR 04.7500 03/15/2025 0.03%
STERIGENICS-NORDION P/P 144A 06.5000 05/15/2023 0.03%
STRAUMANN HOLDING AG-REG 0.03%
SUGAR HSP GAMING P/P 144A 05.8750 05/15/2025 0.03%
SWISSCOM AG-REG 0.03%
T-MOBILE USA INC 04.7500 02/01/2028 0.03%
TITAN ACQ LTD P/P 144A 07.7500 04/15/2026 0.03%
TOPBUILD CORP P/P 144A 05.6250 05/01/2026 0.03%
TORONTO-DOMINION BANK USD 03.6250 09/15/2031 0.03%
TRANSCANADA TRUST USD 05.3000 03/15/2077 0.03%
TRI POINTE GROUP / HOMES 05.8750 06/15/2024 0.03%
UBSBB 2012-C2 D P/P 144A 04.8922 05/10/2063 0.03%
UNITEDHEALTH GROUP INC 04.7000 02/15/2021 0.03%
USG CORP P/P 144A 04.8750 06/01/2027 0.03%
USG CORP P/P 144A 05.5000 03/01/2025 0.03%
VALEANT PHARMA INTL P/P 144A 08.5000 01/31/2027 0.03%
VALEANT PHARMA INTL P/P 144A 09.2500 04/01/2026 0.03%
VERTIV GROUP CORP P/P 144A 09.2500 10/15/2024 0.03%
VOLKSWAGEN AG PFD 0.03%
WAMU 2005-AR19 A1B3 02.8563 12/25/2045 0.03%
WASHINGTON REIT 0.03%
WELLS FARGO & COMPANY 05.8750 12/29/2049 0.03%
WESTLAKE CHEMICAL CORP 04.3750 11/15/2047 0.03%
WESTPAC BANKING CORP USD 02.0000 08/19/2021 0.03%
WFCM 2013-LC12 C 04.2866 07/15/2046 0.03%
WFRBS 2011-C3 D P/P 144A 05.6828 03/15/2044 0.03%
WFRBS 2011-C5 XA IO P/P 144A 01.7361 11/15/2044 0.03%
WFRBS 2012-C10 XA IO P/P 144A 01.5649 12/15/2045 0.03%
WFRBS 2013-C16 AS 04.6680 09/15/2046 0.03%
WR GRACE & CO-CONN P/P 144A 05.6250 10/01/2024 0.03%
YANGZIJIANG SHIPBUILDING 0.03%
1011778 BC / NEW RED P/P 144A 04.6250 01/15/2022 0.02%
2.95 R ISWP FWD US0003M P 03/18/2049 0.02%
ABC SUPPLY CO INC P/P 144A 05.7500 12/15/2023 0.02%
ABC-MART INC 0.02%
ADVANCED INFO SERVICE-FOR RG 0.02%
AES CORP/THE 04.5000 03/15/2023 0.02%
ALLEGHENY TECHNOLOGIES 05.9500 01/15/2021 0.02%
ALLIANT HOLD / CO-IS P/P 144A 08.2500 08/01/2023 0.02%
ALPHABET INC 01.9980 08/15/2026 0.02%
AMC ENTERTAINMENT HLDGS 05.7500 06/15/2025 0.02%
AMERICAN TOWER CORP 03.1250 01/15/2027 0.02%
ANTERO RESOURCES COR 05.6250 06/01/2023 0.02%
APPLE INC 04.3750 05/13/2045 0.02%
ARISTOCRAT LEISURE LTD 0.02%
ASP AMC MERGER SUB P/P 144A 08.0000 05/15/2025 0.02%
AVAYA HOLDINGS CORP 0.02%
AVERY DENNISON CORP 0.02%
BANCO SANTANDER MEXICO-B 0.02%
BAUSCH HLTH COS INC P/P 144A 06.5000 03/15/2022 0.02%
BAYER AG-REG 0.02%
BEACON ROOFING SUPPL 06.3750 10/01/2023 0.02%
BERKELEY GROUP HOLDINGS/THE 0.02%
BERKSHIRE HATHAWAY E 03.8000 07/15/2048 0.02%
BERRY GLOBAL INC 05.5000 05/15/2022 0.02%
BMW US CAPITAL LLC P/P 144A 02.8000 04/11/2026 0.02%
BOYD GAMING CORPORATION 06.8750 05/15/2023 0.02%
CAD/USD 01/16/2019 SSBT 0.02%
CALIFORNIA RESOURCES 05.0000 01/15/2020 0.02%
CALPINE CORP P/P 144A 05.2500 06/01/2026 0.02%
CANTOR FITZGERALD LP P/P 144A 07.8750 10/15/2019 0.02%
CAS 2014-C03 2M2 05.4063 07/25/2024 0.02%
CAS 2014-C04 1M2 07.4063 11/25/2024 0.02%
CAS 2015-C02 1M2 06.5063 05/25/2025 0.02%
CAS 2015-C03 2M2 07.5063 07/25/2025 0.02%
CCO HLDGS LLC/CAP CO P/P 144A 05.1250 05/01/2023 0.02%
CD 2016-CD1 XA IO 01.4251 08/10/2049 0.02%
CHARTER COMM OPT LLC 04.9080 07/23/2025 0.02%
CHEMOURS CO 05.3750 05/15/2027 0.02%
CHEVRON CORP 01.5610 05/16/2019 0.02%
CHINA ORIENTAL GROUP CO LTD 0.02%
CIA CERVECERIAS UNI-SPON ADR 0.02%
CISCO SYSTEMS INC 02.5000 09/20/2026 0.02%
CIT GROUP INC. 05.0000 08/15/2022 0.02%
COCA-COLA CO/THE 02.2500 09/01/2026 0.02%
COMCAST CORP 03.9690 11/01/2047 0.02%
COMM 2013-CR11 XA IO 01.0952 08/10/2050 0.02%
COMMSCOPE TECH LLC P/P 144A 05.0000 03/15/2027 0.02%
CONTINENTAL RESOURCES 04.9000 06/01/2044 0.02%
CPG MERGER SUB LLC P/P 144A 08.0000 10/01/2021 0.02%
CROWN CASTLE INTL CORP 03.6500 09/01/2027 0.02%
CROWN CASTLE INTL CORP 03.7000 06/15/2026 0.02%
CVS HEALTH CORP 05.0500 03/25/2048 0.02%
CWALT 2007-OH1 A1D 02.7163 04/25/2047 0.02%
DCP MIDSTREAM P/P 144A 06.7500 09/15/2037 0.02%
DENBURY RESOURCES INC 06.3750 08/15/2021 0.02%
DEUTSCHE POST AG-REG 0.02%
DIAMOND RESORTS INTL P/P 144A 07.7500 09/01/2023 0.02%
DIGITAL DELTA HLDG 03.4000 10/01/2020 0.02%
EL PASO NATURAL GAS 08.3750 06/15/2032 0.02%
EMPIRE STATE REALTY TRUST-A 0.02%
ENDEAVOR ENERGY P/P 144A 05.5000 01/30/2026 0.02%
ENERGY TRANSFER OPERATNG 05.2000 02/01/2022 0.02%
ENSCO PLC USD 07.7500 02/01/2026 0.02%
EP ENER/EVEREST ACQ P/P 144A 07.7500 05/15/2026 0.02%
EP ENER/EVEREST ACQ P/P 144A 09.3750 05/01/2024 0.02%
EP ENER/EVEREST P/P 144A 08.0000 11/29/2024 0.02%
ESSEX PROPERTY TRUST INC 0.02%
EUR/USD 03/20/2019 JPMCB 0.02%
EVEREST ACQ LLC/FIN 09.3750 05/01/2020 0.02%
EVONIK INDUSTRIES AG 0.02%
FHR 3829 AS IO 04.4949 03/15/2041 0.02%
FIDELITY NATIONAL INFORM 04.2500 05/15/2028 0.02%
FIFTH THIRD BANCORP 05.1000 12/29/2049 0.02%
FLEX ACQ CO INC P/P 144A 06.8750 01/15/2025 0.02%
FLEX ACQ CO INC P/P 144A 07.8750 07/15/2026 0.02%
FORD OTOMOTIV 0.02%
FORTERRA TL L+300 05.5224 10/25/2023 0.02%
FREEDOM MTGE CORP P/P 144A 08.2500 04/15/2025 0.02%
GARTNER INC P/P 144A 05.1250 04/01/2025 0.02%
GBP/USD CALL 1.34 20190613 BANKAM 0.02%
GENTING BHD 0.02%
GLADSTONE COMMERCIAL CORP 0.02%
GLP CAPITAL LP / FIN II 05.2500 06/01/2025 0.02%
GNR 2015-H26 DI IO 02.1184 10/20/2065 0.02%
GNR 2016-123 LI IO 03.5000 03/20/2044 0.02%
GOEASY LTD P/P 144A 07.8750 11/01/2022 0.02%
GRAY TELEVISION INC P/P 144A 05.8750 07/15/2026 0.02%
GSAA 2007-6 1A1 02.6263 05/25/2047 0.02%
GUANGZHOU AUTOMOBILE GROUP-H 0.02%
GUANGZHOU BAIYUNSHAN PHARM-H 0.02%
HANESBRANDS INC P/P 144A 04.6250 05/15/2024 0.02%
HKT TRUST AND HKT LTD-SS 0.02%
HSBC HOLDINGS PLC 0.02%
HUNTINGTON BANCSHARES 04.3500 02/04/2023 0.02%
ICAHN ENTER/FIN 06.0000 08/01/2020 0.02%
ICAHN ENTER/FIN 06.7500 02/01/2024 0.02%
ICAHN ENTERPRISES/FI 06.2500 02/01/2022 0.02%
IHS MARKIT LTD USD 04.7500 08/01/2028 0.02%
IMPERIAL LOGISTICS LTD 0.02%
INDUSTRIA DE DISENO TEXTIL 0.02%
INTER RAO UES PJSC 0.02%
IPALCO ENTPRS IN 03.7000 09/01/2024 0.02%
JACOBS ENT INC P/P 144A 07.8750 02/01/2024 0.02%
JAGUAR HL / PPDI P/P 144A 06.3750 08/01/2023 0.02%
JELD-WEN INC P/P 144A 04.6250 12/15/2025 0.02%
JELD-WEN INC P/P 144A 04.8750 12/15/2027 0.02%
JOHNSON CONTROLS INTL PL 04.5000 02/15/2047 0.02%
KANGMEI PHARMACEUTICAL CO 144A REGS 12/12/2019 0.02%
KBC GROUP NV 0.02%
KINDER MORGAN ENER PART 05.4000 09/01/2044 0.02%
KINETIC CONCEPT/KCI P/P 144A 12.5000 11/01/2021 0.02%
KONINKLIJKE PHILIPS NV 0.02%
KRATON POLYMERS LLC/ P/P 144A 07.0000 04/15/2025 0.02%
KUMBA IRON ORE LTD 0.02%
L3 TECHNOLOGIES INC 04.4000 06/15/2028 0.02%
LG CORP 0.02%
LIVE NATION ENT P/P 144A 04.8750 11/01/2024 0.02%
LIVE NATION ENTERTAI P/P 144A 05.6250 03/15/2026 0.02%
LOTTE CHEMICAL CORP 0.02%
MALLINCKRODT FIN/SB P/P 144A 05.5000 04/15/2025 0.02%
MERCER INTL INC USD 06.5000 02/01/2024 0.02%
MGP ESCROW ISSUER/CO 05.6250 05/01/2024 0.02%
MID-AMERICA APARTMENTS 04.3000 10/15/2023 0.02%
MIRVAC GROUP 0.02%
MITSUBISHI CHEMICAL HOLDINGS 0.02%
MITSUBISHI GAS CHEMICAL CO 0.02%
MLMI 2005-A2 A2 03.6773 02/25/2035 0.02%
MOLINA HEALTHCARE IN 05.3750 11/15/2022 0.02%
MOTUS HOLDINGS LTD 0.02%
MOWI ASA 0.02%
MSBAM 2014-C17 XA IO 01.1903 08/15/2047 0.02%
NETFLIX INC 04.8750 04/15/2028 0.02%
NETFLIX INC P/P 144A 05.8750 11/15/2028 0.02%
NETFLIX INC P/P 144A 06.3750 05/15/2029 0.02%
NEWFIELD EXPLORATION CO 05.7500 01/30/2022 0.02%
NEXT PLC 0.02%
NEXTERA ENERGY CAPITAL 04.8000 12/01/2077 0.02%
NIELSEN CO LUXEM P/P 144A 05.0000 02/01/2025 0.02%
NOBLE HLDG INTL LTD P/P 144A 07.8750 02/01/2026 0.02%
NUTRIEN LTD USD 04.1250 03/15/2035 0.02%
OASIS PETROLEUM INC P/P 144A 06.2500 05/01/2026 0.02%
PENN NATIONAL GAMING P/P 144A 05.6250 01/15/2027 0.02%
PENSKE AUTO GRP INC 05.7500 10/01/2022 0.02%
PEPSICO INC 03.4500 10/06/2046 0.02%
PFIZER INC 03.0000 12/15/2026 0.02%
POLA ORBIS HOLDINGS INC 0.02%
POMEGRANATE MERGER S P/P 144A 09.7500 05/01/2023 0.02%
PRECISION DRILL P/P 144A 07.1250 01/15/2026 0.02%
RACKSPACE HOSTING INC L+300 05.5815 11/03/2023 0.02%
RANGE RESOURCES CORP 05.7500 06/01/2021 0.02%
REGENCY ENERGY P 04.5000 11/01/2023 0.02%
RESIDEO FUNDING INC P/P 144A 06.1250 11/01/2026 0.02%
REVLON CONS TLB L+350 06.2066 09/07/2023 0.02%
ROBERTSHAW 1STL L+350 05.3725 02/15/2025 0.02%
ROBERTSHAW 2NDL L+800 09.8725 02/15/2026 0.02%
ROYAL BANK OF CANADA USD 04.6500 01/27/2026 0.02%
RTL GROUP 0.02%
RWE AG 0.02%
S&P GLOBAL INC 02.9500 01/22/2027 0.02%
S&P GLOBAL INC 04.4000 02/15/2026 0.02%
SABINE PASS LIQUEFACTION 04.2000 03/15/2028 0.02%
SASC 2006-AM1 A4 02.6663 04/25/2036 0.02%
SERVICE CORP INTL 04.6250 12/15/2027 0.02%
SHERWIN-WILLIAMS CO 03.4500 06/01/2027 0.02%
SHIMIZU CORP 0.02%
SHIRE ACQ INV IRELAND DA USD 02.8750 09/23/2023 0.02%
SIEMENS HEALTH 0.02%
SINOPEC SHANGHAI PETROCHEM-H 0.02%
SIRIUS XM RADIO INC P/P 144A 06.0000 07/15/2024 0.02%
SM ENERGY CO 05.0000 01/15/2024 0.02%
SM ENERGY CO 06.1250 11/15/2022 0.02%
SPECTRUM BRANDS INC 06.1250 12/15/2024 0.02%
SPRINGLEAF FINANCE CORP 06.1250 05/15/2022 0.02%
SPRINGLEAF FINANCE CORP 06.8750 03/15/2025 0.02%
STEEL DYNAMICS INC 05.0000 12/15/2026 0.02%
STEEL DYNAMICS INC 05.5000 10/01/2024 0.02%
SUZUKI MOTOR CORP 0.02%
T-MOBILE USA INC 06.0000 03/01/2023 0.02%
T-MOBILE USA INC 06.3750 03/01/2025 0.02%
TALLGRASS NRG PRTNR P/P 144A 05.5000 01/15/2028 0.02%
TAPESTRY INC 0.02%
TELKOM SA SOC LTD 0.02%
TENET HEALTHCARE CORP 08.1250 04/01/2022 0.02%
TENNANT CO 05.6250 05/01/2025 0.02%
THAI OIL PCL-FOREIGN 0.02%
THE AES CORPORATION 04.8750 05/15/2023 0.02%
TIANNENG POWER INTL LTD 0.02%
TMX FIN LLC/TITLEMAX P/P 144A 11.1250 04/01/2023 0.02%
TRANSOCEAN PONTUS LT P/P 144A 06.1250 08/01/2025 0.02%
TRIBUNE MEDIA CO 05.8750 07/15/2022 0.02%
TRIDENT MERGER SUB P/P 144A 06.6250 11/01/2025 0.02%
TRIPOD TECHNOLOGY CORP 0.02%
UNILEVER PLC 0.02%
UNITED AIR 2014-2 A PTT 03.7500 09/03/2026 0.02%
UNIVAR USA INC P/P 144A 06.7500 07/15/2023 0.02%
USA COMPRESSION PART P/P 144A 06.8750 04/01/2026 0.02%
VERIZON COMMUNICATIONS 04.4000 11/01/2034 0.02%
VISTRA ENERGY CORP P/P 144A 08.1250 01/30/2026 0.02%
WALGREENS BOOTS ALLIANCE 03.3000 11/18/2021 0.02%
WAMU 2005-AR10 1A3 04.1262 09/25/2035 0.02%
WARNER MEDIA LLC 02.9500 07/15/2026 0.02%
WASTE MANAGEMENT INC. 04.7500 06/30/2020 0.02%
WBCMT 2005-C21 D 05.2264 10/15/2044 0.02%
WEATHERFORD BERMUDA 09.8750 02/15/2024 0.02%
WEEKLEY HOMES LLC 06.0000 02/01/2023 0.02%
WESTROCK MWV LLC 07.9500 02/15/2031 0.02%
WESTROCK MWV LLC 08.2000 01/15/2030 0.02%
WHITING PETROLEUM CORP 06.6250 01/15/2026 0.02%
WILEY (JOHN) & SONS-CLASS A 0.02%
WIPRO LTD 0.02%
WMG ACQUISITION CORP P/P 144A 05.0000 08/01/2023 0.02%
WOLVERINE WORLD WIDE P/P 144A 05.0000 09/01/2026 0.02%
WPX ENERGY INC 05.7500 06/01/2026 0.02%
WPX ENERGY INC 08.2500 08/01/2023 0.02%
WYNDHAM HOTELS & RE P/P 144A 05.3750 04/15/2026 0.02%
ZEKELMAN IND INC P/P 144A 09.8750 06/15/2023 0.02%
ZHONGSHENG GROUP HOLDINGS 0.02%
ZOETIS INC 03.9000 08/20/2028 0.02%
2.7845 R ISWP US0003M P 12/31/2028 0.01%
ABBVIE INC 03.6000 05/14/2025 0.01%
ABC SUPPLY CO INC P/P 144A 05.8750 05/15/2026 0.01%
AEGON NV 0.01%
AGL ENERGY LTD 0.01%
ALEXANDER S INC 0.01%
ALIMENTATION COUCHE-TARD 3.550000 07/26/2027 0.01%
ALLERGAN FUNDING SCS USD 03.4500 03/15/2022 0.01%
ALLERGAN FUNDING SCS USD 03.8000 03/15/2025 0.01%
ALTRIA GROUP INC 0.01%
AMC ENT HOLDIN 05.8750 11/15/2026 0.01%
ANHEUSER-BUSCH CO/IN P/P 144A 03.6500 02/01/2026 0.01%
ANTERO RESOURCES 05.3750 11/01/2021 0.01%
ANTERO RESOURCES FIN 05.1250 12/01/2022 0.01%
APPLE INC 04.2500 02/09/2047 0.01%
ASCENT RESOURCES/AEU P/P 144A 10.0000 04/01/2022 0.01%
ASCENT RESOURCES/AR P/P 144A 07.0000 11/01/2026 0.01%
ASTRAL FOODS LTD 0.01%
ASTRAZENECA PLC USD 06.4500 09/15/2037 0.01%
AUD/USD 01/16/2019 GSFX 0.01%
AUD/USD 01/16/2019 UBS 0.01%
BANCO DE CHILE-ADR 0.01%
BANK OF AMERICA CORP 02.1510 11/09/2020 0.01%
BANK OF AMERICA CORP 06.5000 10/29/2049 0.01%
BANK OF MONTREAL USD 03.8030 12/15/2032 0.01%
BAUSCH HLTH COS INC P/P 144A 05.5000 11/01/2025 0.01%
BAYTEX ENERGY CORP P/P 144A 05.6250 06/01/2024 0.01%
BERKSHIRE HATHAWAY ENERG 06.1250 04/01/2036 0.01%
BERRY GLOBAL INC P/P 144A 04.5000 02/15/2026 0.01%
BGC PARTNERS INC 05.1250 05/27/2021 0.01%
BMW US CAPITAL LLC P/P 144A 03.4000 08/13/2021 0.01%
BOLIDEN AB 0.01%
BOMBARDIER INC P/P 144A 08.7500 12/01/2021 0.01%
BOYD GAMING CORPORATION 06.0000 08/15/2026 0.01%
BROOKFIELD RESID PRO P/P 144A 06.1250 07/01/2022 0.01%
BROTHER INDUSTRIES LTD 0.01%
BWAY HOLDING CO P/P 144A 05.5000 04/15/2024 0.01%
CAD/USD 01/16/2019 GSFX 0.01%
CAESARS ENTERTAINMENT CORP 0.01%
CALIFORNIA RESOURCES P/P 144A 08.0000 12/15/2022 0.01%
CALPINE CORP P/P 144A 05.8750 01/15/2024 0.01%
CAS 2016-C06 1M2 06.7563 04/25/2029 0.01%
CBS CORP 04.0000 01/15/2026 0.01%
CBS CORP 04.6000 01/15/2045 0.01%
CDX CDX.NA.IG.31 100.0 12/20/2023 0.01%
CENTENE CORP 04.7500 05/15/2022 0.01%
CENTENE ESCROW I CO P/P 144A 05.3750 06/01/2026 0.01%
CHESAPEAKE ENERGY CORP 05.7500 03/15/2023 0.01%
CHESAPEAKE ENERGY CORP 08.0000 06/15/2027 0.01%
CHINA CONSTRUCTION BANK-H 0.01%
CHINA SHINEWAY PHARMACEUTICA 0.01%
CLEVELAND-CLIFFS INC 05.7500 03/01/2025 0.01%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 GS 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.01%
COCA-COLA AMATIL LTD 0.01%
COLES GROUP LTD 0.01%
COMM 2014-CR16 XA IO 01.1273 04/10/2047 0.01%
CONSOLIDATED EDISON INC 02.0000 03/15/2020 0.01%
CONTINENTAL RESOURCES 03.8000 06/01/2024 0.01%
COVANTA HOLDING CORP 06.0000 01/01/2027 0.01%
COX COMM INC P/P 144A 03.5000 08/15/2027 0.01%
CPG INTL TL L+375 05.0828 05/05/2024 0.01%
CPURNSA R 1.858 P 04/07/26 0.01%
CREDIT ACCEPTANC 06.1250 02/15/2021 0.01%
CROWN AMER/CAP P/P 144A 04.7500 02/01/2026 0.01%
CROWN CASTLE INTL CORP 03.8000 02/15/2028 0.01%
CROWN CASTLE INTL CORP 04.8750 04/15/2022 0.01%
DAIWA SECURITIES GROUP INC 0.01%
DCP MIDSTREAM OPERATING 05.3750 07/15/2025 0.01%
DENBURY RESOURCES P/P 144A 07.5000 02/15/2024 0.01%
DEUTSCHE LUFTHANSA-REG 0.01%
DEUTSCHE TELEKOM INT FIN USD 08.7500 06/15/2030 0.01%
DIAGEO INVESTMENT CORP 08.0000 09/15/2022 0.01%
DIAMOND 1 FIN/DIAMON P/P 144A 08.3500 07/15/2046 0.01%
DIAMONDBACK ENERGY INC 04.7500 11/01/2024 0.01%
DISH NETWORK CV 03.3750 08/15/2026 0.01%
DNB NOR ASA 0.01%
ELDORADO RESORTS INC 07.0000 08/01/2023 0.01%
EMERA US FINANCE LP 03.5500 06/15/2026 0.01%
ENERGIZER GAMM P/P 144A 06.3750 07/15/2026 0.01%
ENERGY TRANSFER LP 05.5000 06/01/2027 0.01%
ENERGY TRANSFER OPERATNG 06.1250 12/15/2045 0.01%
ENRGY TRANS PT/REG FIN 05.8750 03/01/2022 0.01%
EQUINIX INC 05.8750 01/15/2026 0.01%
EUTELSAT COMMUNICATIONS 0.01%
FRAC TECH INTL TLB L+475 07.2724 04/16/2021 0.01%
FREEPORT-MCMORAN INC 05.4500 03/15/2043 0.01%
FRONTIER COMM 10.5000 09/15/2022 0.01%
FRONTIER COMM 11.0000 09/15/2025 0.01%
FTS INTL INC 06.2500 05/01/2022 0.01%
GE CAPITAL INTL FUNDING USD 03.3730 11/15/2025 0.01%
GENERAL MOTORS FINL CO 04.0000 01/15/2025 0.01%
GENERAL MOTORS FINL CO 04.3000 07/13/2025 0.01%
GFL ENVIRONMENTAL P/P 144A 05.3750 03/01/2023 0.01%
GLENCORE PLC 0.01%
GLOW ENERGY PCL - FOREIGN 0.01%
HAIER ELECTRONICS GROUP CO 0.01%
HANNSTAR DISPLAY CORP 0.01%
HCP INC 0.01%
HIKARI TSUSHIN INC 0.01%
HOSPITALITY PROPERTIES T 04.5000 03/15/2025 0.01%
ICAHN ENTERPRISES/FI 05.8750 02/01/2022 0.01%
IHS MARKIT LTD P/P 144A 04.0000 03/01/2026 0.01%
INDOFOOD SUKSES MAKMUR TBK P 0.01%
INFOR US INC 06.5000 05/15/2022 0.01%
INTERNATIONAL PAPER CO 03.0000 02/15/2027 0.01%
IOS.FN30.400.10 P USL1M R 01/12/41 JP 0.01%
IPSEN 0.01%
IRON MOUNTAIN INC P/P 144A 05.2500 03/15/2028 0.01%
ISTAR INC 05.2500 09/15/2022 0.01%
ISTAR INC 06.0000 04/01/2022 0.01%
ITAUSA-INVESTIMENTOS ITAU-PR 0.01%
JASTRZEBSKA SPOLKA WEGLOWA S 0.01%
JO-ANN STORES TL L+500 07.4772 10/16/2023 0.01%
JOSEPH T RYERSON & S P/P 144A 11.0000 05/15/2022 0.01%
JPMORGAN CHASE & CO 06.1000 02/01/2049 0.01%
JXTG HOLDINGS INC 0.01%
KCA DEUTAG US FIN LLC L+675 09.0211 03/21/2023 0.01%
KERRY PROPERTIES LTD 0.01%
KFC HLD/PIZZA HUT/TA P/P 144A 04.7500 06/01/2027 0.01%
KFC HLD/PIZZA HUT/TA P/P 144A 05.0000 06/01/2024 0.01%
KKR GROUP FIN CO III P/P 144A 05.1250 06/01/2044 0.01%
KT CORP 0.01%
LEGRAND FRANCE USD 08.5000 02/15/2025 0.01%
LENNAR CORP 05.8750 11/15/2024 0.01%
MANILA ELECTRIC COMPANY 0.01%
MATTAMY GROUP CORP P/P 144A 06.5000 10/01/2025 0.01%
MEG ENERGY CORP P/P 144A 07.0000 03/31/2024 0.01%
MERCER INTL INC USD 05.5000 01/15/2026 0.01%
MERCER INTL INC USD 07.7500 12/01/2022 0.01%
MGM GROWTH/MGM FINANCE 04.5000 01/15/2028 0.01%
MICROSOFT CORP 03.7000 08/08/2046 0.01%
MIDAMERICAN FUNDING LLC 06.9270 03/01/2029 0.01%
MITSUBISHI MOTORS CORP 0.01%
MITSUBISHI UFJ LEASE & FINAN 0.01%
MOLINA HEALTHCARE IN P/P 144A 04.8750 06/15/2025 0.01%
MONCLER SPA 0.01%
MONMOUTH REAL ESTATE INV COR 0.01%
MOTIVA ENTERPRISES P/P 144A 05.7500 01/15/2020 0.01%
MSBAM 2013-C12 XA IO 00.6174 10/15/2046 0.01%
NASPERS LTD-N SHS 0.01%
NATIONSTAR MTG P/P 144A 09.1250 07/15/2026 0.01%
NEIMAN MARCUS GROUP P/P 144A 08.7500 10/15/2021 0.01%
NEW GOLD INC P/P 144A 06.2500 11/15/2022 0.01%
NINE ENERGY SERVICE P/P 144A 08.7500 11/01/2023 0.01%
NINE POINT ENERGY CNV PRF 0.01%
NINE POINT ENERGY COM 0.01%
NOBLE HOLDING INTL LTD USD 07.7500 01/15/2024 0.01%
NRG ENERGY INC 05.7500 01/15/2028 0.01%
NUTRIEN LTD USD 05.2500 01/15/2045 0.01%
NZD/USD 01/16/2019 HSBCB 0.01%
PARK-OHIO INDUSTRIES INC 06.6250 04/15/2027 0.01%
PENSKE AUTOMOTIVE GROUP 05.3750 12/01/2024 0.01%
PENSKE TRUCK LE P/P 144A 03.4000 11/15/2026 0.01%
PENSKE TRUCK LEASING P/P 144A 03.9000 02/01/2024 0.01%
PETROBRAS GLOBAL FIN USD 05.2990 01/27/2025 0.01%
PETROBRAS GLOBAL FINANCE USD 06.1250 01/17/2022 0.01%
PETROBRAS GLOBAL FINANCE USD 07.2500 03/17/2044 0.01%
PETROLEOS DE VEN P/P 144A 06.0000 11/15/2026 0.01%
PETROLEOS MEXICANOS USD 06.3750 01/23/2045 0.01%
PETRONAS DAGANGAN BHD 0.01%
PETSMART INC P/P 144A 07.1250 03/15/2023 0.01%
PIGEON CORP 0.01%
PLATFORM SPECIALTY P/P 144A 06.5000 02/01/2022 0.01%
POU CHEN 0.01%
PULTEGROUP INC 05.5000 03/01/2026 0.01%
QORVO INC P/P 144A 05.5000 07/15/2026 0.01%
QUEBECOR MEDIA INC USD 05.7500 01/15/2023 0.01%
RANGE RESOURCES CORP 05.0000 03/15/2023 0.01%
REPUBLIC OF VENEZUELA REGS 08.2500 10/13/2024 0.01%
REPUBLIC OF VENEZUELA REGS 09.0000 05/07/2023 0.01%
SAFRAN SA 0.01%
SAO MARTINHO SA 0.01%
SENIOR HOUSING PROP TRUST 0.01%
SESI LLC 07.1250 12/15/2021 0.01%
SHERWIN-WILLIAMS CO 02.7500 06/01/2022 0.01%
SHIRE PLC 0.01%
SIKA AG-REG 0.01%
SM ENERGY CO 06.6250 01/15/2027 0.01%
SPRINGLEAF FINANCE CORP 07.1250 03/15/2026 0.01%
STEEL DYNAMICS INC 04.1250 09/15/2025 0.01%
SURGUTNEFTEGAS-PREFERENCE 0.01%
SWIRE PROPERTIES LTD 0.01%
T-MOBILE USA INC 04.5000 02/01/2026 0.01%
T-MOBILE USA INC. 04.0000 04/15/2022 0.01%
TARGA RES PRTNRS 05.3750 02/01/2027 0.01%
TECK RESOURCES LIMITED USD 03.7500 02/01/2023 0.01%
TECK RESOURCES LTD P/P 144A 08.5000 06/01/2024 0.01%
TEKFEN HOLDING AS 0.01%
THE BANK OF NOVA SCOTIA USD 02.7000 03/07/2022 0.01%
THE NEIMAN MARCUS GROUP LLC 07.1250 06/01/2028 0.01%
TOWNSQUARE MEDIA INC P/P 144A 06.5000 04/01/2023 0.01%
TRANSDIGM INC 06.5000 05/15/2025 0.01%
TRANSOCEAN INC 07.5000 04/15/2031 0.01%
TRANSOCEAN INC P/P 144A 09.0000 07/15/2023 0.01%
TRONOX FINANCE PLC P/P 144A 05.7500 10/01/2025 0.01%
TURK SISE CAM 0.01%
UNITED TRACTORS TBK PT 0.01%
USD/CNH CALL 7.00 20190404 GSFX 0.01%
USD/JPY PUT 108.00 20190128 CITI 0.01%
VALERO ENERGY CORP 0.01%
VERMILION ENERGY INC P/P 144A 05.6250 03/15/2025 0.01%
VERTIV INT HOLD CORP P/P 144A 12.0000 02/15/2022 0.01%
VMWARE INC 03.9000 08/21/2027 0.01%
WELLCARE HEALTH PLANS 05.2500 04/01/2025 0.01%
WELLCARE HLTH PLANS P/P 144A 05.3750 08/15/2026 0.01%
WESFARMERS LTD 0.01%
WH GROUP LTD 0.01%
WMG ACQUISITION CORP P/P 144A 05.5000 04/15/2026 0.01%
WPX ENERGY INC 06.0000 01/15/2022 0.01%
2.80 R ISWP FWD US0003M P 03/18/2024 0.00%
2.9585 R ISWP US0003M P 12/20/2028 0.00%
2.9585 R ISWP US0003M P 12/20/2048 0.00%
ADVANZ PHARMA CORP 0.00%
ALEXANDRIA REAL ESTATE EQUIT 0.00%
AMERICAN AXLE & MFG INC 07.7500 11/15/2019 0.00%
ARCELORMITTAL USD 06.1250 06/01/2025 0.00%
ASTRO MALAYSIA 0.00%
AU OPTRONICS CORP 0.00%
AUD/USD 01/16/2019 BCAP-FX 0.00%
AUD/USD 01/16/2019 CITI 0.00%
AUD/USD 01/16/2019 JPMCB 0.00%
AUD/USD 01/16/2019 SSBT 0.00%
AUD/USD 01/16/2019 WPAC 0.00%
BAUSCH HLTH COS INC P/P 144A 05.6250 12/01/2021 0.00%
BMW US CAPITAL LLC P/P 144A 03.9500 08/14/2028 0.00%
CAD/USD 01/16/2019 BANKAM 0.00%
CAD/USD 01/16/2019 HSBCB 0.00%
CAD/USD 01/16/2019 RBSF 0.00%
CAD/USD 01/16/2019 UBS 0.00%
CHEMOURS CO 06.6250 05/15/2023 0.00%
CHF/USD 03/20/2019 JPMCB 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 GS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 MS 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 CG 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 CS 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 CS 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 CS 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CG 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 MS 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 MS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 CG 0.00%
CMB CMBX.NA.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 CG 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 CS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 ML 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.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 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-.6 2063-05-11 300.0 05/11/2063 CS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.7 2047-01-17 300.0 01/17/2047 CG 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%
CNH/USD 02/20/2019 GSFX 0.00%
CNH/USD 02/20/2019 HSBCB 0.00%
COMCAST CORP 02.3500 01/15/2027 0.00%
COMCAST CORP 03.1500 03/01/2026 0.00%
CORNERSTONE CHEM CO P/P 144A 06.7500 08/15/2024 0.00%
DKK/USD 03/20/2019 CITI 0.00%
DOW CHEMICAL CO/THE P/P 144A 04.8000 11/30/2028 0.00%
ELDORADO RESORTS INC P/P 144A 06.0000 09/15/2026 0.00%
EOG RESOURCES INC 04.1500 01/15/2026 0.00%
ESC SEVENTYSEVENERG 06.5000 07/15/2022 0.00%
ESTACIO PARTICIPACOES SA 0.00%
EUR/NOK PUT 9.60 20190319 JPMCB 0.00%
EUR/NOK PUT 9.80 20190319 JPMCB 0.00%
EUR/USD 03/20/2019 BCAP-FX 0.00%
EUR/USD 03/20/2019 CITI 0.00%
EUR/USD 03/20/2019 CSI-FX 0.00%
EUR/USD 03/20/2019 GSFX 0.00%
EUR/USD 03/20/2019 HSBCB 0.00%
EUR/USD 03/20/2019 RBSF 0.00%
EUR/USD 03/20/2019 SSBT 0.00%
EUR/USD 03/20/2019 UBS 0.00%
FIDELITY NATIONAL INFORM 05.0000 10/15/2025 0.00%
GBP/USD 03/20/2019 BANKAM 0.00%
GBP/USD 03/20/2019 BCAP-FX 0.00%
GBP/USD 03/20/2019 CITI 0.00%
GBP/USD 03/20/2019 HSBCB 0.00%
GBP/USD 03/20/2019 JPMCB 0.00%
GBP/USD 03/20/2019 SSBT 0.00%
GBP/USD 03/20/2019 UBS 0.00%
HALCON RESOURCES CORP 0.00%
HALCON RESOURCES CORP - WARRA 0.00%
HKD/USD 02/20/2019 BANKAM 0.00%
ILS/USD 01/16/2019 SSBT 0.00%
INTELSAT JACKSON HLD P/P 144A 08.0000 02/15/2024 0.00%
IOS.FN30.350.12 R USL1M P 01/12/43 BC 0.00%
IOS.FN30.350.14 R USL1M P 01/12/45 CS 0.00%
JPY/USD 02/20/2019 BANKAM 0.00%
JPY/USD 02/20/2019 CITI 0.00%
JPY/USD 02/20/2019 CSI-FX 0.00%
JPY/USD 02/20/2019 RBSF 0.00%
JPY/USD 02/20/2019 SSBT 0.00%
KANSAI ELECTRIC POWER CO INC 0.00%
KB FINANCIAL GROUP INC 0.00%
KEANE GROUP TLB L+375 06.3125 05/25/2025 0.00%
KRAFT HEINZ FOODS CO 04.3750 06/01/2046 0.00%
KRW/USD 02/20/2019 BANKAM 0.00%
KRW/USD 02/20/2019 CITI 0.00%
MERCER INTL INC P/P 144A 07.3750 01/15/2025 0.00%
MGM RESORTS INTL 06.6250 12/15/2021 0.00%
MXN/USD 01/16/2019 HSBCB 0.00%
NABORS INDUSTRIES INC. 05.5000 01/15/2023 0.00%
NOK/USD 03/20/2019 BCAP-FX 0.00%
NOK/USD 03/20/2019 CITI 0.00%
NOK/USD 03/20/2019 UBS 0.00%
NOVELIS CORP P/P 144A 06.2500 08/15/2024 0.00%
NRG ENERGY INC 07.2500 05/15/2026 0.00%
NZD/USD 01/16/2019 BANKAM 0.00%
NZD/USD 01/16/2019 CSI-FX 0.00%
NZD/USD 01/16/2019 JPMCB 0.00%
NZD/USD 01/16/2019 RBSF 0.00%
NZD/USD 01/16/2019 SSBT 0.00%
NZD/USD 01/16/2019 UBS 0.00%
NZD/USD 01/16/2019 WPAC 0.00%
ROSE ROCK MIDSTREAM/ 05.6250 11/15/2023 0.00%
SEK/USD 03/20/2019 GSFX 0.00%
SEK/USD 03/20/2019 HSBCB 0.00%
SEK/USD 03/20/2019 JPMCB 0.00%
SEK/USD 03/20/2019 SSBT 0.00%
SGD/USD 02/20/2019 JPMCB 0.00%
STANDARD IND INC P/P 144A 04.7500 01/15/2028 0.00%
STEEL DYNAMICS INC 05.2500 04/15/2023 0.00%
TERVITA CORP 0.00%
TWD/USD 02/20/2019 GSFX 0.00%
USD/CNH CALL 7.20 20190404 GSFX 0.00%
USD/JPY PUT 105.00 20190128 CITI 0.00%
2.75 R ISWP FWD US0003M P 03/18/2021 -0.01%
AUD/USD 01/16/2019 BANKAM -0.01%
AUD/USD 01/16/2019 HSBCB -0.01%
AUD/USD 01/16/2019 RBSF -0.01%
CAD/USD 01/16/2019 BCAP-FX -0.01%
CAD/USD 01/16/2019 CITI -0.01%
CAD/USD 01/16/2019 WPAC -0.01%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.01%
CPURNSA R 1.92 P 08/07/25 -0.01%
GBP/USD CALL 1.44 20190613 BANKAM -0.01%
IOS.FN30.400.10 R USL1M P 01/12/41 BC -0.01%
JPY/USD 02/20/2019 HSBCB -0.01%
JPY/USD 02/20/2019 WPAC -0.01%
NOK/USD 03/20/2019 HSBCB -0.01%
NOK/USD 03/20/2019 JPMCB -0.01%
NOK/USD 03/20/2019 RBSF -0.01%
NOK/USD 03/20/2019 SSBT -0.01%
ZAR/USD 01/16/2019 GSFX -0.01%
AUD/USD 01/16/2019 CSI-FX -0.02%
CAD/USD 01/16/2019 CSI-FX -0.02%
CAD/USD 01/16/2019 JPMCB -0.02%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP -0.02%
JPY/USD 02/20/2019 GSFX -0.02%
NOK/USD 03/20/2019 GSFX -0.03%
NZD/USD 01/16/2019 GSFX -0.03%
SPY 20190118 C 260.00CITI -0.03%
CPURNSA R 2.1438 P 11/07/27 -0.04%
CPURNSA R 2.3075 P 04/06/28 -0.04%
CPURNSA R 2.17 P 05/05/27 -0.06%
CPURNSA R 2.3875 P 07/09/28 -0.06%
CPURNSA R 2.5925 P 09/10/22 -0.06%
E-MINI RUSS 2000 MAR19 RTYH9 -0.10%
CPURNSA R 2.335 P 03/07/28 -0.11%
CPURNSA R 2.308 P 12/05/26 -0.13%
CPURNSA R 2.5325 P 08/08/22 -0.13%
CPURNSA R 2.356 P 07/02/28 -0.18%
CGPUTQL2 R US0003M P 11/26/19 CI -0.26%
CPURNSA R 2.76 P 01/09/23 -0.26%
CDX CDX.EM.30 100.0 12/20/2023 -0.32%
CPURNSA R 2.57 P 07/19/23 -0.53%
MLFCF15 R US0003M P 06/13/19 BA -0.73%

Prior top 10 holdings

Top 10 holdings as of 03/31/19
S&P Gsci Tot Return 3x 144a Note 01/27/2020
Fnma Fn30 Tba 04.0000 04/01/2049
Gnma Gii30 Tba 03.5000 04/01/2049
Fnma Fn30 Tba 03.0000 05/01/2049
S&P Gsci 3 Month Forward Index TR 3X Note 10/7/2019
Fnma Fn30 Tba 06.0000 04/01/2049
Fnma Fn15 Tba 03.0000 04/01/2034
S&P Gsci TOT Return Indx 3X Note 1/21/2020
JPMorgan Chase
Alphabet
Holdings represent 15.52% of portfolio
Top 10 holdings as of 02/28/19
S&P Gsci Tot Return 3x 144a Note 01/27/2020
Fnma Fn30 Tba 04.0000 03/01/2049
Gnma Gii30 Tba 03.5000 03/01/2049
S&P Gsci 3 Month Forward Index TR 3X Note 10/7/2019
Fnma Fn30 Tba 03.0000 03/01/2049
JPMorgan Chase
Fnma Fn30 Tba 06.0000 03/01/2049
Alphabet
Fnma Fn15 Tba 03.0000 03/01/2034
S&P Gsci TOT Return Indx 3X Note 1/21/2020
Holdings represent 14.81% of portfolio
Top 10 holdings as of 01/31/19
S&P Gsci Tot Return 3x 144a Note 01/27/2020
Fnma Fn30 Tba 04.0000 02/01/2049
Gnma Gii30 Tba 03.5000 02/01/2049
S&P Gsci 3 Month Forward Index TR 3X Note 10/7/2019
S&P Gsci Excess Return Index 3x Note 1/27/2020
Fnma Fn30 Tba 03.0000 02/01/2049
JPMorgan Chase
Fnma Fn30 Tba 06.0000 02/01/2049
Alphabet
Fnma Fn15 Tba 03.0000 02/01/2034
Holdings represent 15.91% of portfolio
Top 10 holdings as of 12/31/18
Fnma Fn30 Tba 04.0000 01/01/2049
S&P Gsci Tot Return 3x 144a Note 01/27/2020
Gnma Gii30 Tba 03.5000 01/01/2049
Fnma Fn30 Tba 03.0000 01/01/2049
S&P Gsci 3 Month Forward Index TR 3X Note 10/7/2019
S&P Gsci Excess Return Index 3x Note 1/27/2020
Fnma Fn30 Tba 06.0000 01/01/2049
JPMorgan Chase
Fnma Fn15 Tba 03.0000 01/01/2034
Alphabet
Holdings represent 15.07% of portfolio

Portfolio composition as of 03/31/19

U.S. TIPS 30.31%
International bonds 25.32%
U.S. Equity 22.20%
U.S. High-yield bonds 17.60%
Commodities 15.04%
International equity 10.27%
Emerging-market bonds 5.07%
Emerging-markets equity 4.91%
Real estate investment trust 3.95%
U.S. Investment-grade bonds -10.96%
U.S. money markets -23.71%

Fixed income statistics as of 03/31/19

Average effective maturity 6.45 yrs.
Average effective duration 4.08 yrs.

Fund characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

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


Expenses

Expense ratio

Class A Class B Class C Class M Class R Class R6 Class Y
Total expense ratio 1.39% 2.14% 2.14% 1.89% 1.64% 1.00% 1.14%
What you pay† 1.15% 1.90% 1.90% 1.65% 1.40% 0.76% 0.90%

† The fund's expense ratio is taken from the most recent prospectus and is subject to change. What you pay reflects Putnam Management's decision to contractually limit expenses through 09/30/19

Sales charge

Investment Breakpoint Class A Class B Class C Class M Class R Class R6 Class Y
$0-$49,999 5.75% 0.00% 0.00% 3.50% -- -- --
$50,000-$99,999 4.50% 0.00% 0.00% 2.50% -- -- --
$100,000-$249,999 3.50% -- 0.00% 1.50% -- -- --
$250,000-$499,999 2.50% -- 0.00% 1.00% -- -- --
$500,000-$999,999 2.00% -- 0.00% 1.00% -- -- --
$1M-$4M 0.00% -- -- -- -- -- --
$4M-$50M 0.00% -- -- -- -- -- --
$50M+ 0.00% -- -- -- -- -- --

CDSC

  Class A (sales for $1,000,000+) Class B Class C Class M Class R Class R6 Class Y
0 to 9 mts. 1.00% 5.00% 1.00% -- -- -- --
9 to 12 mts. 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 Custom Dynamic Risk Allocation Index is comprised of 50% MSCI World Index, 40% Bloomberg Barclays Global Aggregate Bond Index, and 10% S&P GSCI. The MSCI World Index is a free float-adjusted market capitalization weighted index of equity securities that is designed to measure the equity market performance of developed markets. The Bloomberg Barclays Global Aggregate Bond Index is an unmanaged index of global investment-grade fixed-income securities. The S&P GSCI is a composite index of commodity sector returns that represents a broadly diversified, unleveraged, long-only position in commodity futures. You cannot invest directly in an index.

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