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 $11.44
-0.44% | $-0.05
$11.80
01/26/18
$10.77
05/09/17
Historical fund price

Fund facts as of 03/31/18

Total net assets
$154.59M
Turnover (fiscal year end)
299%
Dividend frequency
Annually
Number of holdings
1324
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
Co-Head of Global Asset Allocation


Literature


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.
Constrained credit threatens growth
Stock market rallies often need to climb a wall of worry, and we see that wall getting higher.

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.

4.93%

Best 5-year annualized return

(for period ending 09/30/16)


3.26%

Worst 5-year annualized return

(for period ending 09/30/17)


3.79%

Average 5-year annualized return


  • Total return (%) as of 03/31/18

  • Annual performance as of 03/31/18

Annualized Total return (%) as of 03/31/18

Annualized performance 1 yr. 3 yrs. 5 yrs. Life (inception: 09/19/11 )
Before sales charge 7.73% 3.30% 3.31% 4.72%
After sales charge 1.53% 1.28% 2.09% 3.78%
Custom Dynamic Risk Allocation Index 10.99% 5.03% 4.29% --

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. To obtain the most recent month-end performance, visit putnam.com. Performance assumes reinvestment of distributions and does not account for taxes. Returns before sales charge do not reflect the current maximum sales charges as indicated below. Had the sales charge been reflected, returns would be lower. Returns at public offering price (after sales charge) for class A and class M shares reflect the current maximum initial sales charges of 5.75% and 3.50% for equity funds and Putnam Absolute Return 500 Fund and 700 Fund, and 4.00% and 3.25% for income funds (1.00% and 0.75% for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund and 300 Fund, and Putnam Short-Term Municipal Income Fund), respectively. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund and 300 Fund, and Putnam Short-Term Municipal Income Fund, which is 1% in the first year, declining to 0.5% in the second year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, R, T1, and Y shares prior to their inception is derived from the historical performance of class A shares, adjusted for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (with the exception of Putnam Tax-Free High Yield Fund and Putnam AMT-Free Municipal Fund, which are based on the historical performance of class B shares). Class R5/R6 shares, available to qualified employee-benefit plans only, are sold without an initial sales charge and have no CDSC. Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge. Performance for Class R5/R6 shares before their inception are derived from the historical performance of class Y shares, which have not been adjusted for the lower expenses; had they, returns would have been higher. Class A, M, and T1 shares of Putnam money market funds have no initial sales charge. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses, without which returns would be lower.

Performance snapshot

  Before sales charge After sales charge
1 mt. as of 03/31/18 0.27 % -5.50 %
YTD as of 04/19/18 -0.26 % -6.00 %

Risk-adjusted performance as of 03/31/18

Alpha (3 yrs.) -1.20
Sharpe ratio (3 yrs.) 0.45
Treynor ratio (3 yrs.) 3.21
Information ratio (3 yrs.) -0.72

Volatility as of 03/31/18

Standard deviation (3 yrs.) 6.30%
Beta 0.88
R-squared 0.87

Capture ratio as of 03/31/18

Up-market (3 yrs.) 88.34
Down-market (3 yrs.) 103.38

Lipper rankings as of 03/31/18

Alternative Global Macro Funds Percentile ranking Rank/Funds in category
1 yr. 36% 95/266
3 yrs. 35% 85/242
5 yrs. 38% 74/197
10 yrs.   --

Morningstar ratings as of 03/31/18

Allocation--30% to 50% Equity Rating Funds in category
Overall (423)
3 yrs. (423)
5 yrs. (354)

Distributions

Record/Ex dividend date 12/18/17
Payable date 12/20/17
Income $0.315
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 03/31/18

S&P Gsci 3 Month Forward Index TR 3X Note 9/7/2018 2.10%
S&P Gsci 3x Note 04/01/2019 2.01%
Fnma Fn30 Tba 04.0000 04/01/2048 1.99%
Gnma Gii30 Tba 03.5000 04/01/2048 1.96%
Fnma Fn30 Tba 03.0000 04/01/2048 1.89%
S&P Gsci TOT Return Indx 3X Note 11/05/2018 1.80%
S&P Gsci TOT Return Indx 3X Note 07/23/2018 1.31%
JPMorgan Chase 0.80%
Fnma Fn30 Tba 06.0000 04/01/2048 0.72%
S&P Gsci TOT Return Indx 3X Note 09/04/2018 0.67%
Top 10 holdings, percent of portfolio 15.25%

Full portfolio holdings as of 12/31/17

S&P GSCI 3 MONTH FORWARD INDEX TR 3X NOTE 9/7/2018 2.05%
FNMA FN30 TBA 04.0000 02/01/2048 1.98%
GNMA GII30 TBA 03.5000 01/01/2048 1.96%
FNMA FN30 TBA 03.0000 01/01/2048 1.89%
S&P GSCI TOTAL RETURN INDEX 3X NOTE 11/5/2018 1.68%
FNMA FN15 TBA 03.0000 01/01/2033 1.28%
S&P GSCI TOT RETURN INDX 3X NOTE 7/23/2018 1.22%
SPAIN LETRAS DEL TESORO 00.0000 03/09/2018 0.97%
BILHETES DO TESOURO 00.0000 05/18/2018 0.85%
JOHNSON & JOHNSON 0.85%
MLFCF12 R US0003M P 11/16/18 BA 0.78%
JPMORGAN CHASE & CO 0.77%
FNMA FN30 TBA 06.0000 01/01/2048 0.70%
PFIZER INC 0.65%
S&P GSCI TOTAL RETURN INDEX 3X NOTE 09/04/2018 0.63%
FNMA FN30 TBA 02.5000 01/01/2048 0.61%
MCDONALD'S CORP 0.61%
TEXAS INSTRUMENTS INC 0.61%
APPLE INC 0.59%
UNITEDHEALTH GROUP INC 0.56%
ALTRIA GROUP INC 0.53%
SAMSUNG ELECTRONICS CO LTD 0.53%
APPLIED MATERIALS INC 0.52%
PNC FINANCIAL SERVICES GROUP 0.52%
INTUIT INC 0.51%
RAYTHEON COMPANY 0.50%
BUONI ORDINARI DEL TES 00.0000 03/29/2018 0.49%
CERT DI CREDITO DEL TES 00.0000 03/28/2018 0.49%
NORFOLK SOUTHERN CORP 0.49%
DANAHER CORP 0.48%
NORTHROP GRUMMAN CORP 0.48%
EBAY INC 0.47%
EXXON MOBIL CORP 0.47%
HONEYWELL INTERNATIONAL INC 0.47%
ISHARES MSCI INDIA ETF 0.47%
HUMANA INC 0.45%
RUSSIAN FEDERATION P/P 144A 05.6250 04/04/2042 0.43%
LOWES COMPANIES INC 0.42%
SHERWIN-WILLIAMS CO/THE 0.41%
WALT DISNEY CO/THE 0.41%
ZOETIS INC 0.41%
KIMBERLY-CLARK CORP 0.40%
AUTOMATIC DATA PROCESSING 0.39%
TJX COMPANIES INC 0.39%
S&P GSCI TOT RETURN INDX 3X 144A NOTE 9/7/2018 0.37%
CBS CORP-CLASS B NON VOTING 0.36%
ALLSTATE CORP 0.35%
EQUITY RESIDENTIAL TR REIT 0.34%
AFLAC INC 0.32%
ALPHABET INC-CL A 0.32%
JUNIPER NETWORKS INC 0.31%
ROSS STORES INC 0.31%
BERKSHIRE HATHAWAY INC-CL B 0.29%
CME GROUP INC 0.29%
VERIZON COMMUNICATIONS INC 0.29%
F5 NETWORKS INC 0.28%
GENERAL DYNAMICS CORP 0.28%
MARATHON PETROLEUM CORP 0.28%
CVS HEALTH CORP 0.27%
FIDELITY NATIONAL INFO SERV 0.27%
ADOBE SYSTEMS INC 0.25%
KINDER MORGAN INC 0.25%
SIMON PROPERTY GROUP INC 0.25%
SYSCO CORP 0.25%
MICROSOFT CORP 0.24%
NOVARTIS AG-REG 0.24%
ROCHE HOLDING AG-GENUSSCHEIN 0.24%
PETROBRAS GLOBAL FINANCE USD 06.2500 03/17/2024 0.23%
WASTE MANAGEMENT INC 0.23%
GREAT PLAINS ENERGY INC 0.22%
HARRIS CORP 0.22%
NETAPP INC 0.22%
COMMONWEALTH BK AUST P/P 144A 02.2000 11/09/2020 0.21%
ALLIANZ SE-REG 0.20%
JM SMUCKER CO/THE 0.20%
MERCK & CO. INC. 0.20%
NVR INC 0.20%
TOTAL SA 0.20%
TRAVELERS COS INC/THE 0.20%
CAS 2016-C03 2M2 07.4521 10/25/2028 0.19%
FISERV INC 0.19%
HERSHEY CO/THE 0.19%
INDUSTRIAL BANK OF KOREA 0.19%
L3 TECHNOLOGIES INC 0.19%
PAYCHEX INC 0.19%
TENCENT HOLDINGS LTD 0.19%
AMERICAN ELECTRIC POWER 0.18%
MITSUBISHI UFJ FINANCIAL GRO 0.18%
SUNTRUST BANKS INC 0.18%
US BANCORP 0.18%
3I GROUP PLC 0.17%
AGNC INVESTMENT CORP 0.17%
CHINA CONSTRUCTION BANK-H 0.17%
DEUTSCHE POST AG-REG 0.17%
EDISON INTERNATIONAL 0.17%
P G & E CORP 0.17%
PROLOGIS INC 0.17%
PUBLIC STORAGE 0.17%
SANOFI 0.17%
SKANDINAVISKA ENSKIL P/P 144A 02.6250 11/17/2020 0.17%
VANTIV INC - CL A 0.17%
WESTPAC BANKING CORP USD 02.1500 03/06/2020 0.17%
AMADEUS IT GROUP SA 0.16%
APPLE INC 02.1000 05/06/2019 0.16%
AT&T INC 0.16%
BNP PARIBAS 0.16%
ENEL SPA 0.16%
IND & COMM BK OF CHINA-H 0.16%
SIEMENS FINANCIERING P/P 144A 02.2000 03/16/2020 0.16%
SUMITOMO MITSUI FINANCIAL GR 0.16%
ANNALY CAPITAL MANAGEMENT IN 0.15%
AVERY DENNISON CORP 0.15%
BAKER HUGHES A GE CO 0.15%
EPR PROPERTIES 0.15%
GLAXOSMITHKLINE PLC 0.15%
GOLDMAN SACHS GROUP INC 02.6000 12/27/2020 0.15%
ITOCHU CORP 0.15%
KAO CORP 0.15%
SERVICE CORP INTL 05.3750 05/15/2024 0.15%
VOYA FINANCIAL INC 0.15%
AVALONBAY COMMUNITIES INC 0.14%
BANK OF AMERICA CORP 06.1100 01/29/2037 0.14%
CAS 2015-C04 1M2 07.2521 04/25/2028 0.14%
CAS 2015-C04 2M2 07.1021 04/25/2028 0.14%
CWALT 2006-OA7 1A2 02.0029 06/25/2046 0.14%
HON HAI PRECISION INDUSTRY 0.14%
LLOYDS BANKING GROUP PLC USD 07.5000 04/30/2049 0.14%
MIZUHO FINANCIAL GROUP INC 0.14%
PROCTER & GAMBLE CO/THE 0.14%
SPST 2017-6 A 01.9942 11/24/2018 0.14%
SYNOPSYS INC 0.14%
AMERICAN INTL GROUP 08.1750 05/15/2058 0.13%
AXA SA 0.13%
BOSTON PROPERTIES INC 0.13%
BOUYGUES SA 0.13%
CAMDEN PROPERTY TRUST 0.13%
CDK GLOBAL INC 0.13%
KDDI CORP 0.13%
LEAR CORP 0.13%
PERSIMMON PLC 0.13%
PERTAMINA PERSERO PT P/P 144A 04.3000 05/20/2023 0.13%
PETROLEOS MEXICANOS USD 04.5000 01/23/2026 0.13%
PHILLIPS 66 0.13%
REPSOL SA 0.13%
RESONA HOLDINGS INC 0.13%
SFR GROUP SA P/P 144A 06.0000 05/15/2022 0.13%
SPRINT CORP 07.2500 09/15/2021 0.13%
SWISS RE AG 0.13%
TAYLOR WIMPEY PLC 0.13%
UBS GROUP FUNDIN P/P 144A 03.0000 04/15/2021 0.13%
UNITED TECHNOLOGIES CORP 01.9000 05/04/2020 0.13%
WELLTOWER INC 0.13%
ALTABA INC 0.12%
ANHEUSER-BUSCH INBEV FIN 04.9000 02/01/2046 0.12%
CGPUTQL2 R US0003M P 11/27/18 CI 0.12%
CIMIC GROUP LTD 0.12%
CK ASSET HOLDINGS LTD 0.12%
CLEAR CHANNEL COMMUN 09.0000 12/15/2019 0.12%
EVONIK INDUSTRIES AG 0.12%
FONCIERE DES REGIONS 0.12%
JPMORGAN CHASE & CO 03.9640 11/15/2048 0.12%
MARUBENI CORP 0.12%
MUENCHENER RUECKVER AG-REG 0.12%
NIPPON TELEGRAPH & TELEPHONE 0.12%
NN GROUP NV 0.12%
ORIX CORP 0.12%
SKY PLC 0.12%
TATE & LYLE PLC 0.12%
TUI AG-DI 0.12%
WELLCARE HEALTH PLANS INC 0.12%
ADECCO GROUP AG-REG 0.11%
CARNIVAL PLC 0.11%
CENTRAL JAPAN RAILWAY CO 0.11%
COMM 2014-UBS6 C 04.4646 12/10/2047 0.11%
CSC HOLDINGS LLC 05.2500 06/01/2024 0.11%
ENERGY TRANSFER EQUITY L.P. 05.8750 01/15/2024 0.11%
ERAC USA FINANCE LLC P/P 144A 07.0000 10/15/2037 0.11%
GGP INC 0.11%
HITACHI LTD 0.11%
HOCHTIEF AG 0.11%
HOST HOTELS & RESORTS INC 0.11%
INDUSTRIVARDEN AB-A SHS 0.11%
LIBERTY PROPERTY TRUST 0.11%
MICROSOFT CORP 01.5500 08/08/2021 0.11%
ORACLE CORPORATION 02.2500 10/08/2019 0.11%
PETROLEOS MEXICANOS REGS 06.5000 03/13/2027 0.11%
PINNACLE FOODS INC 0.11%
PROVINCIA DE CORDOBA P/P 144A 07.1250 08/01/2027 0.11%
PTT GLOBAL CHEMICAL PCL-FOR 0.11%
REP OF ARGENTINA USD 06.8750 01/26/2027 0.11%
REPUBLIC SERVICES INC 0.11%
SAINSBURY (J) PLC 0.11%
SERVICEMASTER GLOBAL HOLDING 0.11%
TAIWAN SEMICONDUCTOR-SP ADR 0.11%
TENAGA NASIONAL BHD 0.11%
YY INC-ADR 0.11%
ACS ACTIVIDADES 0.10%
ALIBABA GROUP HOLDING-SP ADR 0.10%
BERKELEY GROUP HOLDINGS/THE 0.10%
BWAY HOLDING CO P/P 144A 07.2500 04/15/2025 0.10%
ECOLAB INC 0.10%
ELECTROLUX AB-SER B 0.10%
ENERGY TRANSFER PARTNERS 06.6250 12/31/2049 0.10%
ESSEX PROPERTY TRUST INC 0.10%
FIAT CHRYSLER AUTOMOBILES NV 0.10%
GSMS 2010-C1 D P/P 144A 06.0509 08/10/2043 0.10%
HILTON WORLDWIDE FIN LLC 04.8750 04/01/2027 0.10%
JPMBB 2014-C22 XA IO 00.9203 09/15/2047 0.10%
KINGFISHER PLC 0.10%
LAMB WESTON HOLDINGS P/P 144A 04.8750 11/01/2026 0.10%
MARKS AND SPENCER LTD 0.10%
MITSUI AND CO LTD 0.10%
OLD MUTUAL PLC 0.10%
SCIENTIFIC GAMES INT 10.0000 12/01/2022 0.10%
SIRIUS XM RADIO INC P/P 144A 05.0000 08/01/2027 0.10%
SMILES FIDELIDADE SA 0.10%
SOCIETE GENERALE SA 0.10%
SPRINT COMMUNICATIONS INC. 07.0000 08/15/2020 0.10%
SPY 20181221 P 235.00JPMCB 0.10%
TELEKOMUNIKASI INDONESIA PER 0.10%
TELSTRA CORP LTD 0.10%
WM MORRISON SUPERMARKETS 0.10%
21ST CENTURY FOX AMERICA 07.7500 12/01/2045 0.09%
AES CORP/VA 05.5000 04/15/2025 0.09%
AGRICULTURAL BANK OF CHINA-H 0.09%
ALTRIA GROUP INC 02.6250 01/14/2020 0.09%
ANHEUSER-BUSCH INBEV FIN 02.6500 02/01/2021 0.09%
BANK OF AMERICA CORP 02.0000 01/11/2018 0.09%
CEQUEL COM HLDG I/CA P/P 144A 05.1250 12/15/2021 0.09%
CIA SANEAMENTO BASICO DE SP 0.09%
COCA-COLA AMATIL LTD 0.09%
CORNING INC 0.09%
CVS HEALTH CORP 02.2500 12/05/2018 0.09%
DIAMOND 1 FIN/DIAMON P/P 144A 05.4500 06/15/2023 0.09%
EXTRA SPACE STORAGE INC 0.09%
GAMING AND LEISURE PROPERTIE 0.09%
GATES GLOBAL LLC P/P 144A 06.0000 07/15/2022 0.09%
GOLDMAN SACHS GROUP INC 02.3000 12/13/2019 0.09%
IHS MARKIT LTD P/P 144A 04.7500 02/15/2025 0.09%
INFOR SOFTWARE P/P 144A 07.1250 05/01/2021 0.09%
NESTLE SA-REG 0.09%
NOMURA HOLDINGS INC 0.09%
PARK HOTELS & RESORTS INC 0.09%
PEUGEOT SA 0.09%
PRICELINE GROUP INC/THE 0.09%
REINSURANCE GROUP OF AMERICA 0.09%
ROYAL BANK OF CANADA USD 02.2000 07/27/2018 0.09%
SHIONOGI & CO LTD 0.09%
SIAM CEMENT PUB CO-FOR REG 0.09%
SK TELECOM 0.09%
SL GREEN REALTY CORP 0.09%
TOYOTA TSUSHO CORP 0.09%
VIDEOTRON LTD / LTEE P/P 144A 05.1250 04/15/2027 0.09%
WAMU 2005-AR12 1A8 03.2130 10/25/2035 0.09%
ALEXANDRIA REAL ESTATE EQUIT 0.08%
ALLY FINANCIAL INC 08.0000 11/01/2031 0.08%
BIO-RAD LABORATORIES-A 0.08%
CENTRICA PLC 0.08%
CHENIERE CORP CHRIST 05.8750 03/31/2025 0.08%
CHINA RAILWAY GROUP LTD-H 0.08%
CIT GROUP INC. 05.0000 08/15/2022 0.08%
CONAGRA BRANDS INC 0.08%
CSMC 2016-NXSR C 04.3635 12/15/2049 0.08%
DIAMOND 1 FIN/DIAMON P/P 144A 07.1250 06/15/2024 0.08%
DUKE REALTY CORP 0.08%
EQUINIX INC 0.08%
EQUITY LIFESTYLE PROPERTIES 0.08%
GOLDMAN SACHS GROUP INC 03.8500 01/26/2027 0.08%
HOME DEPOT INC 0.08%
IRON MOUNTAIN INC 0.08%
JPMORGAN CHASE & CO 03.6250 12/01/2027 0.08%
LAMAR ADVERTISING CO-A 0.08%
LIBERTY MUTUAL GROUP P/P 144A 07.8000 03/15/2037 0.08%
LOTTE CHEMICAL CORP 0.08%
MACQUARIE GROUP LTD P/P 144A 07.6250 08/13/2019 0.08%
MERCK & CO. INC. 01.3000 05/18/2018 0.08%
METRO AG 0.08%
MOLSON COORS 01.9000 03/15/2019 0.08%
MORGAN STANLEY 03.6250 01/20/2027 0.08%
NBCUNIVERSAL MEDIA LLC 04.3750 04/01/2021 0.08%
PTT PCL/FOREIGN 0.08%
QUALICORP SA 0.08%
ROYAL DUTCH SHELL PLC-B SHS 0.08%
SK HYNIX INC 0.08%
SK INNOVATION CO LTD 0.08%
SPST 2017-LD1 A 02.3521 11/25/2050 0.08%
STANDARD IND INC P/P 144A 05.0000 02/15/2027 0.08%
STARWOOD PROPERTY TRUST INC 0.08%
T-MOBILE USA INC 05.3750 04/15/2027 0.08%
TARGA RESOURCES PART P/P 144A 05.0000 01/15/2028 0.08%
TWENTY-FIRST CENTURY FOX-A 0.08%
US TREASURY N/B 01.6250 02/15/2026 0.08%
VALEANT PHARMA P/P 144A 06.1250 04/15/2025 0.08%
WH GROUP LTD 0.08%
ANHUI CONCH CEMENT CO LTD-H 0.07%
ASSOCIATED BRITISH FOODS PLC 0.07%
AVAYA HOLDINGS CORP 0.07%
BANK OF COMMUNICATIONS - H 0.07%
BARRATT DEVELOPMENTS PLC 0.07%
BASF SE 0.07%
BELDEN INC P/P 144A 05.2500 07/15/2024 0.07%
BWX TECHNOLOGIES INC 0.07%
CAS 2014-C02 1M2 04.1521 05/25/2024 0.07%
CDX CDX.NA.IG.29 100.0 12/20/2022 0.07%
CHESAPEAKE ENERGY CO P/P 144A 08.0000 01/15/2025 0.07%
CHIMERA INVESTMENT CORP 0.07%
CLUBCORP HLDG INC P/P 144A 08.5000 09/15/2025 0.07%
CONCHO RESOURCES INC 03.7500 10/01/2027 0.07%
DELL TECHNOLOGIES INC-CL V 0.07%
DOUGLAS EMMETT INC 0.07%
ENDO FIN LLC/ENDO FI P/P 144A 05.3750 01/15/2023 0.07%
FRESENIUS MEDICAL CARE AG & 0.07%
GOLDEN NUGGET INC P/P 144A 06.7500 10/15/2024 0.07%
HASBRO INC 0.07%
INCEPTION MRGR/RACK P/P 144A 08.6250 11/15/2024 0.07%
INTELSAT JACKSON HLD P/P 144A 09.7500 07/15/2025 0.07%
JACK OHIO FIN LLC/FI P/P 144A 10.2500 11/15/2022 0.07%
LNSTR 2015-3 B P/P 144A 03.1131 04/20/2048 0.07%
MEDICAL PROPERTIES TRUST INC 0.07%
METLIFE INC. 04.7500 02/08/2021 0.07%
MITSUBISHI CHEMICAL HOLDINGS 0.07%
NATIONAL RETAIL PROPERTIES 0.07%
NAVISTAR TLB L+350 04.7500 11/06/2024 0.07%
PEACHTREE FUNDING TR P/P 144A 03.9760 02/15/2025 0.07%
PETROBRAS GLOBAL FINANCE USD 07.2500 03/17/2044 0.07%
PFIZER INC 01.7000 12/15/2019 0.07%
ROYAL MAIL PLC 0.07%
SOLERA LLC / SOLERA P/P 144A 10.5000 03/01/2024 0.07%
SOUTHERN CO/THE 0.07%
SPIRIT REALTY CAPITAL INC 0.07%
SPY 20181019 P 225.00BANKAM 0.07%
SPY 20181116 P 225.00JPMCB 0.07%
UNITED TRACTORS TBK PT 0.07%
WELLS FARGO & COMPANY 02.6000 07/22/2020 0.07%
WFRBS 2014-C22 XA IO 00.9107 09/15/2057 0.07%
WP CAREY INC 0.07%
ADS INC P/P 144A 05.6250 11/15/2024 0.06%
ALLY FINANCIAL INC 05.7500 11/20/2025 0.06%
ALTA MESA HLDGS 07.8750 12/15/2024 0.06%
AMERICAN EXPRESS COMPANY 07.0000 03/19/2018 0.06%
AMERICAN HOME 4 RENT 0.06%
ASAHI KASEI CORP 0.06%
BANK OF CHINA LTD-H 0.06%
BARCLAYS BANK PLC P/P 144A 10.1790 06/12/2021 0.06%
BAYER AG-REG 0.06%
BERRY GLOBAL GROUP INC 0.06%
BHP BILLITON LIMITED 0.06%
BRAND ENERGY & I P/P 144A 08.5000 07/15/2025 0.06%
BROOKFIELD RESID P/P 144A 06.5000 12/15/2020 0.06%
BUILDERS FIRSTSOURCE P/P 144A 05.6250 09/01/2024 0.06%
CCO HLDGS LLC/CAP CO P/P 144A 05.8750 04/01/2024 0.06%
CCO HLDGS LLC/CAP CORP 05.2500 09/30/2022 0.06%
CF INDUSTRIES INC P/P 144A 04.5000 12/01/2026 0.06%
CFCRE 2011-C2 D P/P 144A 05.7536 12/15/2047 0.06%
CHAILEASE HOLDING CO LTD 0.06%
CHINA HUARONG ASSET 0.06%
CHINA SHENHUA ENERGY CO-H 0.06%
CHINA STATE CONSTRUCTION -A 144A REGS WARRANT 01/22/2018 0.06%
CITIGROUP INC 03.8870 01/10/2028 0.06%
CMLTI 2005-2 1A2A 03.5329 05/25/2035 0.06%
COMM 2014-LC15 XA IO 01.3239 04/10/2047 0.06%
CONSOLIDATED EDISON COMPANY 07.1250 12/01/2018 0.06%
CORELOGIC INC 0.06%
CPURNSA R 2.05 P 06/14/27 BA 0.06%
CREDIT AGRICOLE SA 0.06%
DIAMOND RESORTS INTL P/P 144A 07.7500 09/01/2023 0.06%
DNB NOR ASA 0.06%
DYNEGY INC 07.6250 11/01/2024 0.06%
FIRST DATA CORP P/P 144A 05.7500 01/15/2024 0.06%
GENON AMERICAS GENR LLC 09.1250 05/01/2031 0.06%
GENTING BHD 0.06%
GNR 2016-135 PI IO 04.0000 05/20/2046 0.06%
GSMS 2014-GC22 XA IO 01.0212 06/10/2047 0.06%
HANWHA CORPORATION 0.06%
HCA INC 06.5000 02/15/2020 0.06%
KRAFT HEINZ FOODS CO 06.8750 01/26/2039 0.06%
LG UPLUS CORP 0.06%
MTW FOODSERVICE ESCR 09.5000 02/15/2024 0.06%
NATL HEALTH INVESTORS INC 0.06%
NOVELIS CORP P/P 144A 05.8750 09/30/2026 0.06%
NRG ENERGY INC 06.6250 01/15/2027 0.06%
OASIS PETROLEUM INC 06.8750 03/15/2022 0.06%
OMEGA HEALTHCARE INVESTORS 0.06%
PEOPLES INSURANCE CO 0.06%
PETROLEOS MEXICANOS USD 05.6250 01/23/2046 0.06%
PULTEGROUP INC. 07.8750 06/15/2032 0.06%
QANTAS AIRWAYS LTD 0.06%
SINCLAIR TELEVISION P/P 144A 05.6250 08/01/2024 0.06%
SINOPEC SHANGHAI PETROCHEM-H 0.06%
SIX FLAGS ENT P/P 144A 05.5000 04/15/2027 0.06%
SUNSTONE HOTEL INVESTORS INC 0.06%
WESTLAKE CHEM CORP 03.6000 08/15/2026 0.06%
2.45 R ISWP FWD US0003M P 03/21/2028 0.05%
ALTRIA GROUP INC 02.8500 08/09/2022 0.05%
AMDOCS LTD 0.05%
AMERICAN TIRE DISTRI P/P 144A 10.2500 03/01/2022 0.05%
ANA HOLDINGS INC 0.05%
APPLE INC 03.8500 05/04/2043 0.05%
AT&T INC 04.2500 03/01/2027 0.05%
ATOS SE 0.05%
AVAYA TLB-EXIT L+475 06.2270 11/09/2024 0.05%
BAXTER INTERNATIONAL INC 0.05%
BECTON DICKINSON AND CO 04.6690 06/06/2047 0.05%
BLUELINE RENTAL CRP P/P 144A 09.2500 03/15/2024 0.05%
BMC EAST LLC P/P 144A 05.5000 10/01/2024 0.05%
BOISE CASCADE CO P/P 144A 05.6250 09/01/2024 0.05%
BOMBARDIER INC P/P 144A 08.7500 12/01/2021 0.05%
BP CAPITAL MARKETS PLC USD 02.3150 02/13/2020 0.05%
BRAND ENERGY TL L+425 05.6150 06/21/2024 0.05%
BROADRIDGE FINANCIAL SOLUTIO 0.05%
CALPINE CORP 05.7500 01/15/2025 0.05%
CGCMT 2014-GC19 X IO 01.1964 03/10/2047 0.05%
CHANGYOU.COM LTD-ADR 0.05%
CHARTER COMM OPT LLC 06.4840 10/23/2045 0.05%
CHENIERE CORP CHRIST 05.1250 06/30/2027 0.05%
CHINA CINDA ASSET MANAGEME-H 0.05%
CHINA RAILWAY CONSTRUCTION-H 0.05%
CHS/COMMUNITY HEALTH 06.8750 02/01/2022 0.05%
CIA DE TRANSMISSAO DE ENE-PF 0.05%
COMCAST CORP 06.5000 11/15/2035 0.05%
COMPASS MINERALS INT P/P 144A 04.8750 07/15/2024 0.05%
COVESTRO AG 0.05%
CPURNSA R 1.76 P 07/08/26 BA 0.05%
DONGFENG MOTOR GRP CO LTD-H 0.05%
ENDESA S.A. 0.05%
EURONET WORLDWIDE INC 0.05%
FORD OTOMOTIV 0.05%
FRAC TECH INTL TLB L+475 06.3190 04/16/2021 0.05%
GCP APPLIED TECH P/P 144A 09.5000 02/01/2023 0.05%
GENPACT LTD 0.05%
GLENCORE FUNDING LLC P/P 144A 04.0000 04/16/2025 0.05%
GLENCORE FUNDING LLC P/P 144A 04.6250 04/29/2024 0.05%
GOLDEN NUGGET INC P/P 144A 08.7500 10/01/2025 0.05%
GREAT LAKES D&D 08.0000 05/15/2022 0.05%
GSMS 2014-GC22 C 04.6456 06/10/2047 0.05%
GUANGZHOU R&F PROPERTIES - H 0.05%
HARVEY NORMAN HOLDINGS LTD 0.05%
HCA INC 05.5000 06/15/2047 0.05%
HEINEKEN HOLDING NV 0.05%
HIGHWOODS PROPERTIES INC 0.05%
HUNTINGTON INGALLS INDUSTRIE 0.05%
INDOFOOD SUKSES MAKMUR TBK P 0.05%
INNOGY SE 0.05%
IRON MOUNTAIN INC P/P 144A 04.8750 09/15/2027 0.05%
ISBANK-C 0.05%
ISTAR INC 0.05%
JACK OHIO FIN LLC/FI P/P 144A 06.7500 11/15/2021 0.05%
JONAH NRG LLC/FINANC P/P 144A 07.2500 10/15/2025 0.05%
JPMCC 2010-C1 D P/P 144A 06.1943 06/15/2043 0.05%
KERRY PROPERTIES LTD 0.05%
KOC HLDG 0.05%
LANDSTAR SYSTEM INC 0.05%
LEAR CORP 03.8000 09/15/2027 0.05%
MACERICH CO/THE 0.05%
MASTEC INC 04.8750 03/15/2023 0.05%
MITSUBISHI TANABE PHARMA 0.05%
MONDI LTD 0.05%
MORGAN STANLEY 02.6500 01/27/2020 0.05%
NAVISTAR INTL CORP P/P 144A 06.6250 11/01/2025 0.05%
NEWFIELD EXPLORATION CO 05.3750 01/01/2026 0.05%
NEXSTAR BROADC P/P 144A 05.6250 08/01/2024 0.05%
OMEGA HLTHCARE INVESTORS 04.9500 04/01/2024 0.05%
PENSKE AUTOMOTIVE GROUP 05.5000 05/15/2026 0.05%
PLATFORM SPECIALTY P/P 144A 05.8750 12/01/2025 0.05%
POOL CORP 0.05%
POSTE ITALIANE SPA 0.05%
RADIANT OPTO-ELECTRONICS COR 0.05%
RENAULT SA 0.05%
RETAIL PROPERTIES OF AME - A 0.05%
RIO TINTO PLC 0.05%
SAPPI LIMITED 0.05%
SCOTTS MIRACLE-GRO CO 0.05%
SONOCO PRODUCTS CO 0.05%
SPST 2017-1 A 02.4521 02/25/2049 0.05%
SWEDISH MATCH AB 0.05%
TAISEI CORP 0.05%
TRANSDIGM INC 06.3750 06/15/2026 0.05%
TURKIYE GARANTI BANKASI 0.05%
US CONCRETE INC 06.3750 06/01/2024 0.05%
WALGREENS BOOTS ALLIANCE INC 0.05%
WASHINGTON PRIME GROUP INC 0.05%
WERNER FINCO LP/INC P/P 144A 08.7500 07/15/2025 0.05%
ACER INC 0.04%
AES CORP/VA 05.1250 09/01/2027 0.04%
AIR MEDICAL MERGER S P/P 144A 06.3750 05/15/2023 0.04%
AIRASIA BHD 0.04%
AMAZON.COM INC P/P 144A 03.1500 08/22/2027 0.04%
AMER TRANS SYST P/P 144A 05.0000 09/01/2044 0.04%
AMERICAN TOWER CORP 04.0000 06/01/2025 0.04%
AMGEN INC 02.6000 08/19/2026 0.04%
ANGLO AMER PLC 0.04%
ARCELORMITTAL USD 07.5000 10/15/2039 0.04%
ASP AMC MERGER SUB P/P 144A 08.0000 05/15/2025 0.04%
BANK OF AMERICA CORP 03.2480 10/21/2027 0.04%
BANK OF NOVA SCOTIA USD 02.3500 10/21/2020 0.04%
BEACON ROOFING SUPPL 06.3750 10/01/2023 0.04%
BECTON DICKINSON AND CO 03.7000 06/06/2027 0.04%
BIG RVR STL/FIN P/P 144A 07.2500 09/01/2025 0.04%
BIOGEN INC 03.6250 09/15/2022 0.04%
BLUE CUBE SPINCO INC 09.7500 10/15/2023 0.04%
BRDCOM CRP / FIN P/P 144A 03.8750 01/15/2027 0.04%
BRIGGS & STRATTON CORPORATION 06.8750 12/15/2020 0.04%
BROADCOM CRP / CAYM P/P 144A 03.5000 01/15/2028 0.04%
CANTOR FITZGERALD LP P/P 144A 06.5000 06/17/2022 0.04%
CAS 2015-C01 1M2 05.8521 02/25/2025 0.04%
CEC ENT INC 08.0000 02/15/2022 0.04%
CENTENE CORP 06.1250 02/15/2024 0.04%
CGCMT 2014-GC21 C 04.7800 05/10/2047 0.04%
CHARLES RIVER LABORATORIES 0.04%
CHONGQING RURAL COMMERCIAL-H 0.04%
CITIGROUP INC 03.6680 07/24/2028 0.04%
CITIGROUP INC 04.4500 09/29/2027 0.04%
CITIGROUP INC 05.5000 09/13/2025 0.04%
CNO FINANCIAL GROUP INC 05.2500 05/30/2025 0.04%
COMM 2014-UBS6 XA IO 01.0193 12/10/2047 0.04%
COMMSCOPE TECH LLC P/P 144A 06.0000 06/15/2025 0.04%
CONTINENTAL RESOURCES 04.9000 06/01/2044 0.04%
CORESITE REALTY CORP 0.04%
CORNERSTONE CHEM CO P/P 144A 06.7500 08/15/2024 0.04%
CORPORATE OFFICE PROPERTIES 0.04%
COVEY PARK ENERGY LL P/P 144A 07.5000 05/15/2025 0.04%
CPFL ENERGIA SA 0.04%
CPURNSA R 1.88 P 05/06/26 BA 0.04%
CRC ESCROW ISSUER LL P/P 144A 05.2500 10/15/2025 0.04%
CSC HOLDINGS LLC 06.7500 11/15/2021 0.04%
CVS HEALTH CORP 04.7500 12/01/2022 0.04%
DAI NIPPON PRINTING CO LTD 0.04%
DIGITAL REALTY TRUST INC 0.04%
DISH DBS CORP 05.8750 11/15/2024 0.04%
ECOLAB INC 02.7000 11/01/2026 0.04%
ENDEAVOR ENERGY P/P 144A 05.7500 01/30/2028 0.04%
EQT CORP 03.9000 10/01/2027 0.04%
EUR/USD 03/21/2018 JPMCB 0.04%
EVEREST ACQ LLC/FIN 09.3750 05/01/2020 0.04%
FAIRFAX US INC P/P 144A 04.8750 08/13/2024 0.04%
FLEX ACQ CO INC P/P 144A 06.8750 01/15/2025 0.04%
FORD MOTOR COMPANY 04.3460 12/08/2026 0.04%
FREEPORT-MCMORAN INC 06.8750 02/15/2023 0.04%
GLP CAPITAL LP / FIN II 05.3750 04/15/2026 0.04%
GNR 2013-99 AS IO 04.5489 06/20/2043 0.04%
HCA INC 05.2500 06/15/2026 0.04%
HCP INC 0.04%
HOLLY ENERGY PARTNE P/P 144A 06.0000 08/01/2024 0.04%
HOME DEPOT INC 02.6250 06/01/2022 0.04%
HONEYWELL INTL P/P 144A 03.8120 11/21/2047 0.04%
HOST HOTELS & RESORTS 05.2500 03/15/2022 0.04%
HOWARD HUGHES CORP P/P 144A 05.3750 03/15/2025 0.04%
HOYA CORP 0.04%
HUNTSMAN INTERNATIONAL LLC 04.8750 11/15/2020 0.04%
IMPERIAL HOLDINGS LTD 0.04%
JPMBB 2013-C14 C 04.5688 08/15/2046 0.04%
KFC HLD/PIZZA HUT/TA P/P 144A 05.2500 06/01/2026 0.04%
KINDER MORGAN INC 03.1500 01/15/2023 0.04%
KRATON POLYMERS P/P 144A 10.5000 04/15/2023 0.04%
KURARAY CO LTD 0.04%
LOUISIANA-PACIFIC CORP 04.8750 09/15/2024 0.04%
LPL HOLDINGS INC P/P 144A 05.7500 09/15/2025 0.04%
MASONITE INTL C P/P 144A 05.6250 03/15/2023 0.04%
MEDIPAL HOLDINGS CORP 0.04%
MERCER INTL INC USD 06.5000 02/01/2024 0.04%
MFA FINANCIAL INC 0.04%
MGM RESORTS INTL 08.6250 02/01/2019 0.04%
MICROSOFT CORP 02.4000 08/08/2026 0.04%
MISC BHD 0.04%
MORGAN STANLEY 04.3750 01/22/2047 0.04%
MSRR 2015-R4 CB1 00.5977 08/26/2047 0.04%
NATIONSTAR MORT/ 06.5000 07/01/2021 0.04%
NEIMAN MARCUS TL L+325 04.6418 10/25/2020 0.04%
NEWELL BRANDS INC 04.2000 04/01/2026 0.04%
NIELSEN CO LUXEM P/P 144A 05.0000 02/01/2025 0.04%
NISSAN MOTOR CO LTD 0.04%
NOVARTIS CAPITAL CORP 04.0000 11/20/2045 0.04%
ONCOR ELECTRIC DELIV 03.7500 04/01/2045 0.04%
ORTHO-CLINICAL TLB L+375 05.4434 06/30/2021 0.04%
OSHKOSH CORP 05.3750 03/01/2025 0.04%
PARK-OHIO INDUSTRIES INC 06.6250 04/15/2027 0.04%
PEGATRON CORP 0.04%
PEPSICO INC 0.04%
POU CHEN 0.04%
PRESIDENT CHAIN STORE CORP 0.04%
PUGET SOUND ENERGY INC 04.0106 06/01/2067 0.04%
REVLON CONS TLB L+350 05.0690 09/07/2023 0.04%
RIVERS PITTSBURGH LP P/P 144A 06.1250 08/15/2021 0.04%
RTL GROUP 0.04%
SAMI 2007-AR7 1A1 02.4021 05/25/2047 0.04%
SHINHAN FINANCIAL GROUP LTD 0.04%
SPRINT CAPITAL CORPORATION 06.8750 11/15/2028 0.04%
SPY 20180817 P 215.00CITI 0.04%
SPY 20180921 P 215.00JPMCB 0.04%
STACR 2016-DNA3 M1 02.6521 12/25/2028 0.04%
STATOIL ASA USD 02.9000 11/08/2020 0.04%
STEEL DYNAMICS INC P/P 144A 04.1250 09/15/2025 0.04%
SUMITOMO MITSUI TRUST HOLDIN 0.04%
SUN HUNG KAI PROPERTIES 0.04%
SWISS RE TREAS P/P 144A 04.2500 12/06/2042 0.04%
TEMPO ACQ LLC/FI P/P 144A 06.7500 06/01/2025 0.04%
THE WILLIAMS COMPANIES INC. 08.7500 03/15/2032 0.04%
THERMO FISHER SCIENTIFIC INC 0.04%
TI GROUP AUTO SYS LL P/P 144A 08.7500 07/15/2023 0.04%
TIME WARNER INC 03.8000 02/15/2027 0.04%
TMS INTL CORP P/P 144A 07.2500 08/15/2025 0.04%
TOPPAN PRINTING CO LTD 0.04%
TTM TECHNOLOGIES INC P/P 144A 05.6250 10/01/2025 0.04%
TWO HARBORS INVESTMENT CORP 0.04%
ULTA BEAUTY INC 0.04%
UNITEDHEALTH GROUP INC 06.0000 02/15/2018 0.04%
USIS MERGER SUB INC P/P 144A 06.8750 05/01/2025 0.04%
VALEANT PHARMA P/P 144A 07.0000 03/15/2024 0.04%
VENTAS INC 0.04%
VERIZON COMM 04.5220 09/15/2048 0.04%
VESTAS WIND SYSTEMS A/S 0.04%
WATCO COS LLC/FI P/P 144A 06.3750 04/01/2023 0.04%
WBCMT 2005-C21 D 05.2911 10/15/2044 0.04%
WESTROCK MWV LLC 08.2000 01/15/2030 0.04%
WPX ENERGY INC 06.0000 01/15/2022 0.04%
WRANGLER BUYER CORP P/P 144A 06.0000 10/01/2025 0.04%
WYNDHAM WORLDWIDE CORP 04.5000 04/01/2027 0.04%
1011778 BC / NEW RED P/P 144A 04.2500 05/15/2024 0.03%
1011778 BC / NEW RED P/P 144A 05.0000 10/15/2025 0.03%
ABC SUPPLY CO INC P/P 144A 05.7500 12/15/2023 0.03%
AGREE REALTY CORP 0.03%
AIG GLOBAL FUNDING P/P 144A 02.1500 07/02/2020 0.03%
AIR LEASE CORP 03.6250 04/01/2027 0.03%
ALLIANCE DATA SYS CO P/P 144A 05.3750 08/01/2022 0.03%
ALLISON TRANSMISSION P/P 144A 05.0000 10/01/2024 0.03%
AMAZON.COM INC 0.03%
AMGEN INC 04.6630 06/15/2051 0.03%
ANHEUSER-BUSCH INBEV FIN 03.6500 02/01/2026 0.03%
APPLE HOSPITALITY REIT INC 0.03%
ARAMARK 0.03%
ARC PROP OPER PART L 04.6000 02/06/2024 0.03%
ASSURED GUARANTY LTD 0.03%
AT&T INC 03.4000 05/15/2025 0.03%
AT&T INC 04.7500 05/15/2046 0.03%
AUTONATION INC. 05.5000 02/01/2020 0.03%
BANK OF AMERICA CORP 06.1000 12/29/2049 0.03%
BEACON ESCROW CORP P/P 144A 04.8750 11/01/2025 0.03%
BERRY GLOBAL INC 05.1250 07/15/2023 0.03%
BOMBARDIER INC P/P 144A 07.5000 12/01/2024 0.03%
BP CAPITAL MARKETS PLC USD 01.7680 09/19/2019 0.03%
BRANDYWINE REALTY TRUST 0.03%
BT GROUP PLC 0.03%
CALIFORNIA RESOURC TL L+475 06.2408 11/17/2022 0.03%
CALTEX AUSTRALIA LTD 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%
CBS RADIO INC P/P 144A 07.2500 11/01/2024 0.03%
CELANESE US HOLDINGS LLC 04.6250 11/15/2022 0.03%
CENTURYLINK INC 06.7500 12/01/2023 0.03%
CF INDUSTRIES INC 04.9500 06/01/2043 0.03%
CGCMT 2012-GC8 XA IO P/P 144A 01.8138 09/10/2045 0.03%
CGCMT 2014-GC21 AS 04.0260 05/10/2047 0.03%
CHARTER COMM OPT LLC 05.3750 05/01/2047 0.03%
CHEMOURS CO 05.3750 05/15/2027 0.03%
CHINA LESSO GROUP HOLDINGS L 0.03%
CHINA TELECOM CORP LTD-H 0.03%
CHS/COMMUNITY HEALTH SYS 06.2500 03/31/2023 0.03%
CINEMARK USA INC 04.8750 06/01/2023 0.03%
CITIGROUP INC 02.6500 10/26/2020 0.03%
CNG HOLDINGS INC P/P 144A 09.3750 05/15/2020 0.03%
COMM 2014-CR17 XA IO 01.1275 05/10/2047 0.03%
COMMERCEHUB INC-SERIES C 0.03%
COMMONWEALTH BK AUST P/P 144A 03.1500 09/19/2027 0.03%
CONTINENTAL RES 04.5000 04/15/2023 0.03%
CPURNSA R 1.858 P 04/07/26 0.03%
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%
DGB FINANCIAL GROUP INC 0.03%
DIAMONDBACK ENERGY INC 05.3750 05/31/2025 0.03%
DOW CHEMICAL CO/THE 03.5000 10/01/2024 0.03%
DUKE ENERGY CORP 03.1500 08/15/2027 0.03%
E.I. DU PONT DE NEMOURS 01.9068 05/01/2020 0.03%
ELDORADO RESORTS INC 07.0000 08/01/2023 0.03%
ENBRIDGE INC USD 04.2500 12/01/2026 0.03%
EPR PROPERTIES 05.7500 CUM CV PFD 0.03%
EQUITY COMMONWEALTH 0.03%
ERAC USA FINANCE LLC P/P 144A 05.6250 03/15/2042 0.03%
ESH HOSPITALITY INC P/P 144A 05.2500 05/01/2025 0.03%
EXPEDIA INC 05.0000 02/15/2026 0.03%
FIRST DATA CORP P/P 144A 07.0000 12/01/2023 0.03%
FORTESCUE METALS GROUP LTD 0.03%
FREEDOM MTGE CORP P/P 144A 08.1250 11/15/2024 0.03%
FXI HOLDINGS INC P/P 144A 07.8750 11/01/2024 0.03%
GENERAL MOTORS FINL CO 04.0000 10/06/2026 0.03%
GNR 2016-123 LI IO 03.5000 03/20/2044 0.03%
GNR 2017-162 QI IO 05.0000 10/11/2047 0.03%
GW HONOS SECURITY CO P/P 144A 08.7500 05/15/2025 0.03%
HCA INC 03.7500 03/15/2019 0.03%
HEICO CORP 0.03%
HENGAN INTL GROUP CO LTD 0.03%
HESS INFRASTRUCTURE P/P 144A 05.6250 02/15/2026 0.03%
HSBC HOLDINGS PLC 0.03%
HUB INTL LTD P/P 144A 07.8750 10/01/2021 0.03%
HYATT HOTELS CORP 04.8500 03/15/2026 0.03%
INTERCONTINENTAL EXCHANGE IN 0.03%
JO-ANN HOLDCO P/P 144A 09.7500 10/15/2019 0.03%
JPMBB 2014-C22 C 04.5590 09/15/2047 0.03%
JPMCC 2012-C6 AS 04.1166 05/15/2045 0.03%
JPMORGAN CHASE & CO 05.3000 12/29/2049 0.03%
JPY/USD 02/22/2018 JPMCB 0.03%
JTEKT CORP 0.03%
KELLOGG CO 03.2500 04/01/2026 0.03%
KINDER MORGAN ENER PART 03.4500 02/15/2023 0.03%
KKR GROUP FINANCE CO P/P 144A 06.3750 09/29/2020 0.03%
LENNAR CORP 04.7500 11/15/2022 0.03%
LIONS GATE ENT P/P 144A 05.8750 11/01/2024 0.03%
MACQUARIE BANK LTD P/P 144A 02.8500 07/29/2020 0.03%
MAPFRE SA 0.03%
MARRIOTT INTERNATIONAL -CL A 0.03%
MATCH GROUP INC P/P 144A 05.0000 12/15/2027 0.03%
MEG ENERGY CORP P/P 144A 06.5000 01/15/2025 0.03%
MGM RESORTS INTERNATIONAL 06.7500 10/01/2020 0.03%
MICROSOFT CORP 03.3000 02/06/2027 0.03%
MITSUBISHI GAS CHEMICAL CO 0.03%
MOTIVA ENTERPRISES P/P 144A 05.7500 01/15/2020 0.03%
MSBAM 2012-C5 AS 03.7920 08/15/2045 0.03%
NBCUNIVERSAL MEDIA LLC 05.1500 04/30/2020 0.03%
NEUBERGER BERMAN GRP P/P 144A 04.8750 04/15/2045 0.03%
NOVA CHEMICALS CORP P/P 144A 04.8750 06/01/2024 0.03%
OCCIDENTAL PETROLEUM COR 04.4000 04/15/2046 0.03%
OMEGA HLTHCARE INVES 04.5000 04/01/2027 0.03%
OMNICOM GROUP INC 03.6000 04/15/2026 0.03%
ORACLE CORP 02.6500 07/15/2026 0.03%
ORACLE CORP 03.2500 11/15/2027 0.03%
ORTHO-CLINICAL INC/S P/P 144A 06.6250 05/15/2022 0.03%
OTSUKA CORP 0.03%
PLANTRONICS INC P/P 144A 05.5000 05/31/2023 0.03%
POPULAR INC 0.03%
PRECISION DRILLING CORP USD 07.7500 12/15/2023 0.03%
PRICELINE GROUP INC/THE 03.6500 03/15/2025 0.03%
PROVIDENT FDG/PFG FI P/P 144A 06.3750 06/15/2025 0.03%
PS BUSINESS PARKS INC/CA 0.03%
RANDSTAD HOLDING NV 0.03%
RANGE RESOURCES CORP 05.7500 06/01/2021 0.03%
REGAL ENTERTAINMENT GRP 05.7500 06/15/2023 0.03%
REVLON CONSUMER PROD 06.2500 08/01/2024 0.03%
REYNOLDS GRP ISS/REY P/P 144A 07.0000 07/15/2024 0.03%
ROYAL BANK OF CANADA USD 02.1250 03/02/2020 0.03%
SABRE GLBL INC P/P 144A 05.3750 04/15/2023 0.03%
SASC 2006-AM1 A4 01.7121 04/25/2036 0.03%
SHELF DRILL HOLD LTD P/P 144A 09.5000 11/02/2020 0.03%
SHELL INTERNATIONAL FIN USD 02.8750 05/10/2026 0.03%
SM ENERGY CO 06.1250 11/15/2022 0.03%
SMURFIT KAPPA TREASURY USD 07.5000 11/20/2025 0.03%
SPY 20180720 P 215.00CITI 0.03%
STANDARD IND INC P/P 144A 05.3750 11/15/2024 0.03%
STARWOOD PROP TR P/P 144A 04.7500 03/15/2025 0.03%
STERIGENICS-NORDION P/P 144A 06.5000 05/15/2023 0.03%
TEMP GNH-587 AI IO 02.2949 10/20/2067 0.03%
THE NEIMAN MARCUS GROUP LLC 07.1250 06/01/2028 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%
TRIDENT MERGER SUB P/P 144A 06.6250 11/01/2025 0.03%
TRIPOD TECHNOLOGY CORP 0.03%
UBSBB 2012-C2 D P/P 144A 04.8942 05/10/2063 0.03%
UBSBB 2012-C3 C P/P 144A 05.0417 08/10/2049 0.03%
UNILEVER NV-CVA 0.03%
UNITEDHEALTH GROUP INC 04.7000 02/15/2021 0.03%
UNIVISION COMM P/P 144A 05.1250 02/15/2025 0.03%
USD/MXN CALL 21.50 20180531 BCAP-FX 0.03%
USG CORP P/P 144A 04.8750 06/01/2027 0.03%
VERIZON COMMUNICATIONS 04.1250 03/16/2027 0.03%
VOESTALPINE AG 0.03%
WAMU 2005-AR19 A1B3 01.9021 12/25/2045 0.03%
WEATHERFORD BERMUDA 09.8750 02/15/2024 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 04.2910 07/15/2046 0.03%
WFRBS 2011-C3 D P/P 144A 05.6402 03/15/2044 0.03%
WFRBS 2011-C5 XA IO P/P 144A 01.7546 11/15/2044 0.03%
WFRBS 2012-C10 XA IO P/P 144A 01.5814 12/15/2045 0.03%
WFRBS 2013-UBS1 AS 04.3060 03/15/2046 0.03%
WORLD FUEL SERVICES CORP 0.03%
WPX ENERGY INC 08.2500 08/01/2023 0.03%
YUANTA FINANCIAL HOLDING CO 0.03%
1011778 BC / NEW RED P/P 144A 04.6250 01/15/2022 0.02%
AERCAP HOLDINGS NV 0.02%
AK STEEL CORP 06.3750 10/15/2025 0.02%
ALLIANT HOLD / CO-IS P/P 144A 08.2500 08/01/2023 0.02%
AMAG PHARMA INC P/P 144A 07.8750 09/01/2023 0.02%
AMC ENTERTAINMENT HOLDIN 05.7500 06/15/2025 0.02%
AMC ENTERTAINMENT HOLDIN 05.8750 02/15/2022 0.02%
AMERICAN TOWER CORP 03.1250 01/15/2027 0.02%
ANTERO RESOURCES COR 05.6250 06/01/2023 0.02%
APPLE INC 02.0000 05/06/2020 0.02%
APPLE INC 04.3750 05/13/2045 0.02%
ASCENT RESOURCES/AEU P/P 144A 10.0000 04/01/2022 0.02%
ASPEN INSURANCE HOLDINGS LTD 0.02%
ASTRAZENECA PLC 0.02%
AUTOMATION TOOLING S P/P 144A 06.5000 06/15/2023 0.02%
BANCO SANTANDER BRASIL-UNIT 0.02%
BANDAI NAMCO HOLDINGS INC 0.02%
BOYD GAMING CORP 06.3750 04/01/2026 0.02%
BROOKFIELD RESID PRO P/P 144A 06.1250 07/01/2022 0.02%
CALFRAC HOLDINGS LP P/P 144A 07.5000 12/01/2020 0.02%
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 2015-C02 1M2 05.5521 05/25/2025 0.02%
CAS 2015-C03 2M2 06.5521 07/25/2025 0.02%
CBRE SERVICES INC 04.8750 03/01/2026 0.02%
CBS CORP 04.6000 01/15/2045 0.02%
CCO HLDGS LLC/CAP C P/P 144A 05.5000 05/01/2026 0.02%
CCO HLDGS LLC/CAP CO P/P 144A 05.1250 05/01/2023 0.02%
CENOVUS ENERGY INC USD 06.7500 11/15/2039 0.02%
CENOVUS ENERGY INC. USD 04.2500 04/15/2027 0.02%
CERIDIAN HCM HOLDING P/P 144A 11.0000 03/15/2021 0.02%
CHARTER COMM OPT LLC 04.9080 07/23/2025 0.02%
CHEMOURS CO 07.0000 05/15/2025 0.02%
CHESAPEAKE ENERGY CO P/P 144A 08.0000 12/15/2022 0.02%
CHEVRON CORP 01.5610 05/16/2019 0.02%
CHINA MOBILE LTD 0.02%
CISCO SYSTEMS INC 02.5000 09/20/2026 0.02%
CIT GROUP INC 05.0000 08/01/2023 0.02%
CLEAR CHNL WORLD 07.6250 03/15/2020 0.02%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CS 0.02%
COMCAST CORP 03.3750 02/15/2025 0.02%
COMCAST CORP 03.9690 11/01/2047 0.02%
COMM 2013-CR11 XA IO 01.1264 08/10/2050 0.02%
CPG MERGER SUB LLC P/P 144A 08.0000 10/01/2021 0.02%
CPURNSA R 2.1438 P 11/07/27 0.02%
CREDIT ACCEPTANC 06.1250 02/15/2021 0.02%
CREDIT ACCEPTANC 07.3750 03/15/2023 0.02%
CROWN CASTLE INTL CORP 03.6500 09/01/2027 0.02%
CROWN CASTLE INTL CORP 03.7000 06/15/2026 0.02%
CROWN CORK & SEAL CO INC 07.3750 12/15/2026 0.02%
CWALT 2007-OH1 A1D 01.7621 04/25/2047 0.02%
DAIWA SECURITIES GROUP INC 0.02%
DAKOTA MERGER SUB P/P 144A 10.7500 09/01/2024 0.02%
DENBURY RESOURCES IN P/P 144A 09.0000 05/15/2021 0.02%
DENBURY RESOURCES INC 06.3750 08/15/2021 0.02%
DISTRIBUIDORA INTERNACIONAL 0.02%
DYNEGY INC P/P 144A 08.1250 01/30/2026 0.02%
EASTMAN CHEMICAL CO 03.8000 03/15/2025 0.02%
EL PASO NATURAL GAS 08.3750 06/15/2032 0.02%
EMPIRE STATE REALTY TRUST-A 0.02%
EP ENER/EVEREST P/P 144A 08.0000 11/29/2024 0.02%
ERAC USA FINANCE LLC P/P 144A 04.5000 02/15/2045 0.02%
FHR 3829 AS IO 05.4730 03/15/2041 0.02%
FIFTH THIRD BANCORP 05.1000 12/29/2049 0.02%
FORTERRA TL L+300 04.5690 10/25/2023 0.02%
FOUR CORNERS PROPERTY TRUST 0.02%
FREEPORT-MCMORAN INC 06.7500 02/01/2022 0.02%
FTS INTL INC P/P 144A 09.0885 06/15/2020 0.02%
GARTNER INC P/P 144A 05.1250 04/01/2025 0.02%
GETTY REALTY CORP 0.02%
GLP CAP LP / FIN II 04.8750 11/01/2020 0.02%
GNR 2015-H26 DI IO 02.0667 10/20/2065 0.02%
GOEASY LTD P/P 144A 07.8750 11/01/2022 0.02%
GOLDMAN SACHS GROUP INC 07.5000 02/15/2019 0.02%
GRAHAM HOLDINGS CO-CLASS B 0.02%
GRAY TELEVISION INC P/P 144A 05.8750 07/15/2026 0.02%
GSAA 2007-6 1A1 01.6721 05/25/2047 0.02%
HANESBRANDS INC P/P 144A 04.6250 05/15/2024 0.02%
HEALTHCARE REALTY TRUST INC 03.8750 05/01/2025 0.02%
HITACHI CHEMICAL CO LTD 0.02%
HSBC FINANCE CORP 06.6760 01/15/2021 0.02%
IBERDROLA SA 0.02%
ICAHN ENTER/FIN 06.0000 08/01/2020 0.02%
ICAHN ENTER/FIN 06.7500 02/01/2024 0.02%
ICAHN ENTERPRISES/FI 06.2500 02/01/2022 0.02%
IHS MARKIT LTD P/P 144A 04.0000 03/01/2026 0.02%
INTL CONSOLIDATED AIRLINE-DI 0.02%
INTUITIVE SURGICAL INC 0.02%
IPALCO ENTPRS IN P/P 144A 03.7000 09/01/2024 0.02%
ITRON INC P/P 144A 05.0000 01/15/2026 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%
JOHNSON CONTROLS INTL PL 04.9500 07/02/2064 0.02%
JPMCC 2005-LDP5 F 05.6995 12/15/2044 0.02%
KAJIMA CORP 0.02%
KCA DEUTAG TL L+525 07.1959 05/16/2020 0.02%
KINDER MORGAN ENER PART 05.4000 09/01/2044 0.02%
KINETIC CONCEPT/KCI P/P 144A 12.5000 11/01/2021 0.02%
KRATON POLYMERS LLC/ P/P 144A 07.0000 04/15/2025 0.02%
LAGARDERE SCA 0.02%
LIVE NATION ENT P/P 144A 04.8750 11/01/2024 0.02%
LLOYDS BANKING GROUP P/P 144A 06.6570 12/29/2049 0.02%
MALLINCKRODT FIN/SB P/P 144A 05.5000 04/15/2025 0.02%
MATTAMY GROUP CORP P/P 144A 06.5000 10/01/2025 0.02%
MATTAMY GROUP CORP P/P 144A 06.8750 12/15/2023 0.02%
MERCER INTL INC P/P 144A 05.5000 01/15/2026 0.02%
MERCK & CO INC 03.7000 02/10/2045 0.02%
MGP ESCROW ISSUER/CO 05.6250 05/01/2024 0.02%
MICRON TECH INC P/P 144A 05.2500 01/15/2024 0.02%
MLMI 2005-A2 A2 03.0407 02/25/2035 0.02%
MOLINA HEALTHCARE IN 05.3750 11/15/2022 0.02%
MSBAM 2013-C12 XA IO 00.8744 10/15/2046 0.02%
MSBAM 2014-C17 XA IO 01.2324 08/15/2047 0.02%
MSC 2011-C3 D P/P 144A 05.1549 07/15/2049 0.02%
MURRAY ENERGY CORP P/P 144A 11.2500 04/15/2021 0.02%
NETFLIX INC P/P 144A 04.8750 04/15/2028 0.02%
NEWFIELD EXPLORATION CO 05.7500 01/30/2022 0.02%
NEWS CORP - CLASS B 0.02%
NEXTERA ENERGY CAPITAL 04.8000 12/01/2077 0.02%
NOBLE HOLDING INTL LTD USD 07.7500 01/15/2024 0.02%
NOMURA REAL ESTATE HOLDINGS 0.02%
NOVA CHEMICALS CORP P/P 144A 05.2500 06/01/2027 0.02%
O'REILLY AUTOMOTIVE INC 03.5500 03/15/2026 0.02%
ONEMAIN FIN HLDG INC P/P 144A 07.2500 12/15/2021 0.02%
PENN NATIONAL GAMING P/P 144A 05.6250 01/15/2027 0.02%
PENSKE AUTO GRP INC 05.7500 10/01/2022 0.02%
PEPSICO INC 03.4500 10/06/2046 0.02%
PETROLEOS DE VEN P/P 144A 06.0000 11/15/2026 0.02%
PFIZER INC 03.0000 12/15/2026 0.02%
QEP RESOURCES INC 05.6250 03/01/2026 0.02%
QUALITY CARE PROPERTIES 0.02%
QVC INC 04.4500 02/15/2025 0.02%
RBS GLOBAL/REXNO P/P 144A 04.8750 12/15/2025 0.02%
REGENCY ENERGY P 04.5000 11/01/2023 0.02%
REGIONS FINANCIAL CORP 02.7500 08/14/2022 0.02%
REYNOLDS GRP ISS/REY P/P 144A 04.8592 07/15/2021 0.02%
RITE AID CORP P/P 144A 06.1250 04/01/2023 0.02%
ROCKWELL COLLINS INC 04.3500 04/15/2047 0.02%
ROYAL BANK OF CANADA USD 04.6500 01/27/2026 0.02%
S&P GLOBAL INC 02.9500 01/22/2027 0.02%
S&P GLOBAL INC 04.4000 02/15/2026 0.02%
SABINE PASS LIQUEF 05.0000 03/15/2027 0.02%
SABINE PASS LIQUEFACTION 04.2000 03/15/2028 0.02%
SANDRIDGE ENERGY INC 0.02%
SELECT INCOME REIT 0.02%
SERVICE CORP INTL 04.6250 12/15/2027 0.02%
SESI LLC P/P 144A 07.7500 09/15/2024 0.02%
SEVEN GENERATIONS P/P 144A 05.3750 09/30/2025 0.02%
SHIRE ACQ INV IE 03.2000 09/23/2026 0.02%
SHIRE ACQ INV IRELAND DA USD 02.8750 09/23/2023 0.02%
SIRIUS XM RADIO INC P/P 144A 06.0000 07/15/2024 0.02%
SIX FLAGS ENT P/P 144A 04.8750 07/31/2024 0.02%
SM ENERGY CO 05.0000 01/15/2024 0.02%
SM ENERGY CO 06.5000 11/15/2021 0.02%
SOUTHERN STAR CENT P/P 144A 05.1250 07/15/2022 0.02%
SPECTRA ENERGY PARTNERS 03.3750 10/15/2026 0.02%
SPECTRUM BRANDS INC 05.7500 07/15/2025 0.02%
SPECTRUM BRANDS INC 06.1250 12/15/2024 0.02%
SPRINGLEAF FINANCE CORP 06.1250 05/15/2022 0.02%
STEEL DYNAMICS INC 05.0000 12/15/2026 0.02%
STEEL DYNAMICS INC 05.5000 10/01/2024 0.02%
SUGAR HSP GAMING P/P 144A 05.8750 05/15/2025 0.02%
T-MOBILE USA INC 06.1250 01/15/2022 0.02%
T-MOBILE USA INC 06.3750 03/01/2025 0.02%
TALLGRASS NRG PRTNR P/P 144A 05.5000 01/15/2028 0.02%
TARGA RES PRTNRS 05.3750 02/01/2027 0.02%
TENET HEALTHCARE CORP 08.1250 04/01/2022 0.02%
TENNANT CO P/P 144A 05.6250 05/01/2025 0.02%
TENNECO INC 05.0000 07/15/2026 0.02%
TENNECO INC 05.3750 12/15/2024 0.02%
THAI OIL PCL-FOREIGN 0.02%
THE AES CORPORATION 04.8750 05/15/2023 0.02%
TIME WARNER INC 02.9500 07/15/2026 0.02%
TR OP / TR FIN P/P 144A 05.3750 09/01/2025 0.02%
UNIVAR USA INC P/P 144A 06.7500 07/15/2023 0.02%
US FOODS HOLDING CORP 0.02%
USG CORP P/P 144A 05.5000 03/01/2025 0.02%
VALEANT PHARMA P/P 144A 09.0000 12/15/2025 0.02%
VENATOR FIN SARL/VEN P/P 144A 05.7500 07/15/2025 0.02%
WALGREENS BOOTS ALLIANCE 03.3000 11/18/2021 0.02%
WAMU 2005-AR10 1A3 03.2963 09/25/2035 0.02%
WEEKLEY HOMES LLC 06.0000 02/01/2023 0.02%
WESTROCK MWV LLC 07.9500 02/15/2031 0.02%
WFCM 2012-LC5 XA IO P/P 144A 01.7959 10/15/2045 0.02%
WFRBS 2013-C15 C 04.4811 08/15/2046 0.02%
WHARF REAL ESTATE INVESTMENT 0.02%
WHITING PETROLEUM C P/P 144A 06.6250 01/15/2026 0.02%
WILLIAMS PARTNERS LP 04.3000 03/04/2024 0.02%
WINDSTREAM SRVC / FIN 06.3750 08/01/2023 0.02%
WMG ACQUISITION CORP P/P 144A 05.0000 08/01/2023 0.02%
WOLVERINE WORLD WIDE P/P 144A 05.0000 09/01/2026 0.02%
WR GRACE & CO-CONN P/P 144A 05.6250 10/01/2024 0.02%
WYNDHAM WORLDWIDE CORP 05.6250 03/01/2021 0.02%
WYNN LAS VEGAS P/P 144A 05.2500 05/15/2027 0.02%
YUE YUEN INDUS 0.02%
ZEKELMAN IND INC P/P 144A 09.8750 06/15/2023 0.02%
A SCHULMAN INC 06.8750 06/01/2023 0.01%
ABBVIE INC 02.9000 11/06/2022 0.01%
ABBVIE INC 03.6000 05/14/2025 0.01%
AEROFLOT PJSC 0.01%
AGRIUM INC USD 05.2500 01/15/2045 0.01%
ALFRESA HOLDINGS CORP 0.01%
ALIMENTATION COUCHE-TARD 3.550000 07/26/2027 0.01%
ALLEGHENY TECHNOLOGIES 05.9500 01/15/2021 0.01%
ALLERGAN FUNDING SCS USD 03.4500 03/15/2022 0.01%
ALLERGAN FUNDING SCS USD 03.8000 03/15/2025 0.01%
ALLERGAN FUNDING SCS USD 04.7500 03/15/2045 0.01%
ALLISON TRANSMISSION P/P 144A 04.7500 10/01/2027 0.01%
AMC ENT HOLDIN 05.8750 11/15/2026 0.01%
AMC ENT HOLDIN 06.1250 05/15/2027 0.01%
ANTERO RESOURCES 05.3750 11/01/2021 0.01%
ANTERO RESOURCES FIN 05.1250 12/01/2022 0.01%
APPLE INC 04.2500 02/09/2047 0.01%
ARCELORMITTAL USD 06.1250 06/01/2025 0.01%
ASCEND LEARNING LLC P/P 144A 06.8750 08/01/2025 0.01%
ASTRAZENECA PLC USD 06.4500 09/15/2037 0.01%
AUD/USD 01/17/2018 UBS 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%
BAYTEX ENERGY CORP P/P 144A 05.1250 06/01/2021 0.01%
BERKSHIRE HATHAWAY ENERG 06.1250 04/01/2036 0.01%
BERRY GLOBAL INC 05.5000 05/15/2022 0.01%
BIOSCRIP INC 08.8750 02/15/2021 0.01%
BON-TON DEPT STORES 08.0000 06/15/2021 0.01%
BOYD GAMING CORPORATION 06.8750 05/15/2023 0.01%
BURLINGTN NORTH SANTA FE 05.7500 05/01/2040 0.01%
BWAY HOLDING CO P/P 144A 05.5000 04/15/2024 0.01%
CAESARS ENTERTAINMENT CORP 0.01%
CALATLANTIC GROUP INC 05.8750 11/15/2024 0.01%
CALIFORNIA RESOURCES P/P 144A 08.0000 12/15/2022 0.01%
CALPINE CORP P/P 144A 05.8750 01/15/2024 0.01%
CANADIAN NATL RESOURCES USD 03.8500 06/01/2027 0.01%
CAS 2016-C06 1M2 05.8021 04/25/2029 0.01%
CBRE SERVICES INC 05.0000 03/15/2023 0.01%
CBS CORP 04.0000 01/15/2026 0.01%
CBS OUT AMER CAP LLC 05.6250 02/15/2024 0.01%
CCO HLDGS LLC/CAP CO P/P 144A 05.7500 02/15/2026 0.01%
CENTENE CORP 04.7500 01/15/2025 0.01%
CENTENE CORP 04.7500 05/15/2022 0.01%
CENTURYLINK INC 05.6250 04/01/2020 0.01%
CEQUEL COM HLDG I/CA P/P 144A 05.1250 12/15/2021 0.01%
CHESAPEAKE ENERGY CO P/P 144A 08.0000 06/15/2027 0.01%
CHESAPEAKE ENERGY CORP 05.7500 03/15/2023 0.01%
CHINA DONGXIANG GROUP CO 0.01%
CHS/COMMUNITY HEALTH SYS 07.1250 07/15/2020 0.01%
CISCO SYSTEMS INC 0.01%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 GS 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.01%
COCA-COLA CO/THE 02.2500 09/01/2026 0.01%
COLGATE-PALMOLIVE CO 0.01%
COMM 2014-CR16 XA IO 01.1722 04/10/2047 0.01%
COMMSCOPE TECH LLC P/P 144A 05.0000 03/15/2027 0.01%
CONSOLIDATED EDISON INC 02.0000 03/15/2020 0.01%
CONTINENTAL RESOURCES 03.8000 06/01/2024 0.01%
COX COMM INC P/P 144A 03.5000 08/15/2027 0.01%
CPG INTL TL L+375 05.0828 05/05/2024 0.01%
CPURNSA R 1.92 P 08/07/25 0.01%
CPURNSA R 2.085 P 08/07/27 0.01%
CROWN CASTLE INTL CORP 04.8750 04/15/2022 0.01%
DAVITA INC 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%
DUKE REALTY LP 04.3750 06/15/2022 0.01%
DYNEGY INC 07.3750 11/01/2022 0.01%
EMERA US FINANCE LP 03.5500 06/15/2026 0.01%
EMIN RUSSELL 2000 MAR18 RTYH8 0.01%
ENDEAVOR ENERGY P/P 144A 05.5000 01/30/2026 0.01%
ENERGY TRANSFER EQUITY 05.5000 06/01/2027 0.01%
ENERGY TRANSFER LP 06.1250 12/15/2045 0.01%
ENERGY TRANSFER/FINANCE 05.8750 03/01/2022 0.01%
ENGIE 0.01%
ENI SPA 0.01%
EUTELSAT COMMUNICATIONS 0.01%
FRONTIER COMM 10.5000 09/15/2022 0.01%
FRONTIER COMM 11.0000 09/15/2025 0.01%
GAS NATURAL SDG SA 0.01%
GENERAL ELECTRIC CO 04.5000 03/11/2044 0.01%
GENERAL MOTORS FINL CO 04.3000 07/13/2025 0.01%
GETTY IMAGES TLB L+350 04.7500 10/18/2019 0.01%
GRUMA S.A.B.-B 0.01%
GUANGZHOU BAIYUNSHAN PHARM-H 0.01%
HAIER ELECTRONICS GROUP CO 0.01%
HALCON RESOURCES CORP 0.01%
HCA INC 05.0000 03/15/2024 0.01%
HOSPITALITY PROPERTIES T 04.5000 03/15/2025 0.01%
HUB HLDG LLC/HUB HOL P/P 144A 08.1250 07/15/2019 0.01%
HYUNDAI MARINE 0.01%
ICAHN ENTERPRISES/FI 05.8750 02/01/2022 0.01%
INFOR US INC 06.5000 05/15/2022 0.01%
INTELSAT JACKSON HLDG USD 07.5000 04/01/2021 0.01%
INTELSAT LUXEMB USD 07.7500 06/01/2021 0.01%
INTERNATIONAL PAPER CO 03.0000 02/15/2027 0.01%
ISTAR INC 05.2500 09/15/2022 0.01%
ISTAR INC 06.0000 04/01/2022 0.01%
JABIL INC 08.2500 03/15/2018 0.01%
JACOBS ENT INC P/P 144A 07.8750 02/01/2024 0.01%
JAPAN AIRLINES CO LTD 0.01%
JAPAN POST BANK CO LTD 0.01%
JBG SMITH PROPERTIES 0.01%
JOSEPH T RYERSON & S P/P 144A 11.0000 05/15/2022 0.01%
JPMCC 2006-LDP7 B 05.9459 04/17/2045 0.01%
JPMORGAN CHASE & CO 05.1500 12/29/2049 0.01%
KB FINANCIAL GROUP INC 0.01%
KFC HLD/PIZZA HUT/TA P/P 144A 04.7500 06/01/2027 0.01%
KFC HLD/PIZZA HUT/TA P/P 144A 05.0000 06/01/2024 0.01%
KKR GROUP FIN CO III P/P 144A 05.1250 06/01/2044 0.01%
LEGRAND FRANCE USD 08.5000 02/15/2025 0.01%
LIBERTY EXPEDIA HOLD-A 0.01%
MAZDA MOTOR CORP 0.01%
MEDTRONIC INC 04.3750 03/15/2035 0.01%
MEG ENERGY CORP P/P 144A 07.0000 03/31/2024 0.01%
MERCER INTL INC USD 07.7500 12/01/2022 0.01%
METHANEX CORP USD 05.6500 12/01/2044 0.01%
MGM GROWTH/MGM FIN P/P 144A 04.5000 01/15/2028 0.01%
MID-AMERICA APARTMENTS 04.3000 10/15/2023 0.01%
MIDAMERICAN FUNDING LLC 06.9270 03/01/2029 0.01%
MITSUBISHI MATERIALS CORP 0.01%
MIXI INC 0.01%
MOLINA HEALTHCARE IN P/P 144A 04.8750 06/15/2025 0.01%
MONMOUTH REAL ESTATE INV COR 0.01%
MOODY'S CORPORATION P/P 144A 03.2500 01/15/2028 0.01%
MSC 2007-HQ11 AJ 05.5080 02/12/2044 0.01%
NASPERS LTD-N SHS 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%
NEW GOLD INC P/P 144A 06.3750 05/15/2025 0.01%
NIELSEN FIN LLC/CO P/P 144A 05.0000 04/15/2022 0.01%
NINE POINT ENERGY CNV PRF 0.01%
NORTHWEST ACQ/DOMIN P/P 144A 07.1250 11/01/2022 0.01%
NRG ENERGY INC P/P 144A 05.7500 01/15/2028 0.01%
PENSKE AUTOMOTIVE GROUP 05.3750 12/01/2024 0.01%
PENSKE TRUCK LE P/P 144A 03.4000 11/15/2026 0.01%
PETSMART INC P/P 144A 07.1250 03/15/2023 0.01%
PHILLIPS 66 PARTNERS LP 03.7500 03/01/2028 0.01%
PILGRIM'S PRIDE CORP P/P 144A 05.7500 03/15/2025 0.01%
PLATFORM SPECIALTY P/P 144A 06.5000 02/01/2022 0.01%
POMEGRANATE MERGER S P/P 144A 09.7500 05/01/2023 0.01%
PULTEGROUP INC 05.5000 03/01/2026 0.01%
QUEBECOR MEDIA INC USD 05.7500 01/15/2023 0.01%
RANGE RESOURCES CORP 05.0000 03/15/2023 0.01%
REALTY INCOME CORP 0.01%
REGAL ENTERTAINMENT GRP 05.7500 02/01/2025 0.01%
SAUL CENTERS INC 0.01%
SEALED AIR CORP P/P 144A 05.5000 09/15/2025 0.01%
SEMGROUP CORP P/P 144A 06.3750 03/15/2025 0.01%
SESI LLC 07.1250 12/15/2021 0.01%
SEVEN GENERATIONS EN P/P 144A 06.7500 05/01/2023 0.01%
SHERWIN-WILLIAMS CO 02.7500 06/01/2022 0.01%
SHERWIN-WILLIAMS CO 03.4500 06/01/2027 0.01%
SM ENERGY CO 06.5000 01/01/2023 0.01%
SPRINGLEAF FINANCE CORP 08.2500 12/15/2020 0.01%
STEEL DYNAMICS INC 05.2500 04/15/2023 0.01%
SUZUKI MOTOR CORP 0.01%
T-MOBILE USA INC 06.0000 03/01/2023 0.01%
T-MOBILE USA INC. 04.0000 04/15/2022 0.01%
TAIWAN DOLLAR CALL ACCOUNT 0.01%
TAYLOR MORRISON P/P 144A 05.6250 03/01/2024 0.01%
TECK RESOURCES LIMITED USD 03.7500 02/01/2023 0.01%
TECK RESOURCES LTD P/P 144A 08.5000 06/01/2024 0.01%
THE BANK OF NOVA SCOTIA USD 02.7000 03/07/2022 0.01%
TIER REIT INC 0.01%
TMX FIN/TITLEMAX P/P 144A 08.5000 09/15/2018 0.01%
TOWNSQUARE MEDIA INC P/P 144A 06.5000 04/01/2023 0.01%
TRANSDIGM INC 06.5000 05/15/2025 0.01%
TRANSNEFT PJSC 0.01%
TRIBUNE MEDIA CO 05.8750 07/15/2022 0.01%
TRONOX FINANCE PLC P/P 144A 05.7500 10/01/2025 0.01%
TURKIYE HALK BANKASI 0.01%
UNITED AIR 2014-2 A PTT 03.7500 09/03/2026 0.01%
VALEANT PHARMA P/P 144A 05.3750 03/15/2020 0.01%
VALEANT PHARMA P/P 144A 05.5000 11/01/2025 0.01%
VALEANT PHARMA P/P 144A 06.5000 03/15/2022 0.01%
VALERO ENERGY PARTNERS 04.3750 12/15/2026 0.01%
VERIZON COMMUNICATIONS 04.4000 11/01/2034 0.01%
VMWARE INC 03.9000 08/21/2027 0.01%
WABASH NATIONAL CORP P/P 144A 05.5000 10/01/2025 0.01%
WELLCARE HEALTH PLANS 05.2500 04/01/2025 0.01%
WFRBS 2014-C19 C 04.6460 03/15/2047 0.01%
WHARF HOLDINGS LTD 0.01%
WHITING PETROLEUM CORP 05.0000 03/15/2019 0.01%
WILEY (JOHN) & SONS-CLASS A 0.01%
WILLIAMS PARTNERS L.P. 04.8750 03/15/2024 0.01%
WPX ENERGY INC 07.5000 08/01/2020 0.01%
YANGZIJIANG SHIPBUILDING 0.01%
2.10 R ISWP FWD US0003M P 03/21/2020 0.00%
2.30 R ISWP FWD US0003M P 03/21/2023 0.00%
2.55 R ISWP FWD US0003M P 03/21/2048 0.00%
ALLEGHENY TECHNOLOGIES 07.8750 08/15/2023 0.00%
AMERICAN AXLE & MFG INC 07.7500 11/15/2019 0.00%
AUD/USD 01/17/2018 BANKAM 0.00%
AUD/USD 01/17/2018 BCAP-FX 0.00%
AUD/USD 01/17/2018 GSFX 0.00%
AUD/USD 01/17/2018 RBSF 0.00%
AUSTRALIAN DOLLAR ACCOUNT 0.00%
AVAYA INC ESCROW P/P 144A 07.0000 04/01/2019 0.00%
BANK NEGARA INDONESIA PERSER 0.00%
BGC PARTNERS INC 05.1250 05/27/2021 0.00%
BRL/USD 01/03/2018 CITI 0.00%
BRL/USD 04/03/2018 CITI 0.00%
BRL/USD 04/03/2018 GSFX 0.00%
CAD/USD 01/17/2018 BCAP-FX 0.00%
CAD/USD 01/17/2018 CSI-FX 0.00%
CAD/USD 01/17/2018 GSFX 0.00%
CAD/USD 01/17/2018 JPMCB 0.00%
CAD/USD 01/17/2018 SSBT 0.00%
CAD/USD 01/17/2018 WPAC 0.00%
CD&R WATERWORKS MERGER 144A 6.125000 08/15/2025 0.00%
CDX CDX.EM.28 100.0 12/20/2022 BC 0.00%
CHEMOURS CO 06.6250 05/15/2023 0.00%
CHF/USD 03/21/2018 BCAP-FX 0.00%
CHF/USD 03/21/2018 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 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 MS 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 MS 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 CS 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 CS 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 CS 0.00%
CMB CMBX.NA.A.7 2047-01-17 200.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 CG 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 CG 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 CS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP 0.00%
CNH/USD 02/22/2018 GSFX 0.00%
COMCAST CORP 02.3500 01/15/2027 0.00%
COMCAST CORP 03.1500 03/01/2026 0.00%
CONCORDIA INTL P/P 144A 07.0000 04/15/2023 0.00%
CPURNSA R 2.17 P 05/05/27 0.00%
DKK/USD 03/21/2018 CITI 0.00%
ESC SEVENTYSEVENERG 06.5000 07/15/2022 0.00%
EUR/USD 03/21/2018 CITI 0.00%
EUR/USD 03/21/2018 HSBCB 0.00%
EUR/USD 03/21/2018 SSBT 0.00%
EUR/USD 03/21/2018 UBS 0.00%
EURO BUXL 30Y BND MAR18 UBH8 0.00%
EURO-BOBL FUTURE MAR18 OEH8 0.00%
EURO-BUND FUTURE MAR18 RXH8 0.00%
EURO-SCHATZ FUT MAR18 DUH8 0.00%
FIDELITY NATIONAL INFORM 05.0000 10/15/2025 0.00%
FUJITSU LTD 0.00%
GBP/USD 03/21/2018 BANKAM 0.00%
GBP/USD 03/21/2018 BCAP-FX 0.00%
GBP/USD 03/21/2018 CITI 0.00%
GBP/USD 03/21/2018 GSFX 0.00%
GBP/USD 03/21/2018 JPMCB 0.00%
GBP/USD 03/21/2018 SSBT 0.00%
GENERAL MOTORS FINL CO 04.0000 01/15/2025 0.00%
GOLDMAN SACHS GROUP INC 02.3750 01/22/2018 0.00%
HALCON RESOURCES CORP - WARRA 0.00%
HALYARD HEALTH INC 06.2500 10/15/2022 0.00%
HKD/USD 02/22/2018 BANKAM 0.00%
ILS/USD 01/17/2018 SSBT 0.00%
INTELSAT CONNECT FIN P/P 144A 12.5000 04/01/2022 0.00%
INTELSAT JACKSON HLD P/P 144A 08.0000 02/15/2024 0.00%
IOS.FN30.350.12 R USL1M P 01/12/43 BC 0.00%
IOS.FN30.350.14 R USL1M P 01/12/45 CS 0.00%
IOS.FN30.400.10 P USL1M R 01/12/41 JP 0.00%
IOS.FN30.400.10 R USL1M P 01/12/41 BC 0.00%
ITAUSA-INVESTIMENTOS ITAU-PR 0.00%
JPN 10Y BOND(OSE) MAR18 JBH8 0.00%
JPY/USD 02/22/2018 BCAP-FX 0.00%
JPY/USD 02/22/2018 CITI 0.00%
JPY/USD 02/22/2018 CSI-FX 0.00%
JPY/USD 02/22/2018 HSBCB 0.00%
JPY/USD 02/22/2018 RBSF 0.00%
JPY/USD 02/22/2018 SSBT 0.00%
KEYCORP 02.3000 12/13/2018 0.00%
L3 TECHNOLOGIES INC 03.8500 12/15/2026 0.00%
LBUBS 2006-C6 D 05.5020 09/15/2039 0.00%
LONG GILT FUTURE MAR18 G H8 0.00%
MGM RESORTS INTL 06.6250 12/15/2021 0.00%
MXN/USD 01/17/2018 HSBCB 0.00%
NINE POINT ENERGY COM 0.00%
NOK/USD 03/21/2018 BANKAM 0.00%
NOK/USD 03/21/2018 BCAP-FX 0.00%
NOK/USD 03/21/2018 CITI 0.00%
NOK/USD 03/21/2018 CSI-FX 0.00%
NOK/USD 03/21/2018 GSFX 0.00%
NOK/USD 03/21/2018 JPMCB 0.00%
NOK/USD 03/21/2018 SSBT 0.00%
NOK/USD 03/21/2018 UBS 0.00%
NORBORD INC P/P 144A 06.2500 04/15/2023 0.00%
NOVELIS CORP P/P 144A 06.2500 08/15/2024 0.00%
NRG ENERGY INC 07.2500 05/15/2026 0.00%
PACTIV LLC 08.3750 04/15/2027 0.00%
REVLON CONSUMER PRODS 05.7500 02/15/2021 0.00%
ROSE ROCK MIDSTREAM/ 05.6250 11/15/2023 0.00%
RUB/USD 03/21/2018 BANKAM 0.00%
S&P500 EMINI FUT MAR18 ESH8 0.00%
SEK/USD 03/21/2018 BANKAM 0.00%
SEK/USD 03/21/2018 BCAP-FX 0.00%
SEK/USD 03/21/2018 CITI 0.00%
SEK/USD 03/21/2018 CSI-FX 0.00%
SEK/USD 03/21/2018 GSFX 0.00%
SEK/USD 03/21/2018 SSBT 0.00%
SEK/USD 03/21/2018 UBS 0.00%
SELECT INCOME REIT 02.8500 02/01/2018 0.00%
SELECT INCOME REIT 03.6000 02/01/2020 0.00%
SGD/USD 02/22/2018 JPMCB 0.00%
SOUTH AFRICAN RAND CALL ACCOUNT 0.00%
SPY 20180131 C 274.00CITI 0.00%
TECK RESOURCES LIMITED USD 04.7500 01/15/2022 0.00%
TERVITA CORP CLASS A 0.00%
THE EURO EUR CALL ACCOUNT 0.00%
TOPIX INDX FUTR MAR18 TPH8 0.00%
TRY/USD 03/21/2018 SSBT 0.00%
US 10YR NOTE (CBT)MAR18 TYH8 0.00%
US 2YR NOTE (CBT) MAR18 TUH8 0.00%
US 5YR NOTE (CBT) MAR18 FVH8 0.00%
US LONG BOND(CBT) MAR18 USH8 0.00%
US ULTRA BOND CBT MAR18 WNH8 0.00%
USD/JPY PUT 103.00 20180109 JPMCB 0.00%
USD/JPY PUT 107.00 20180109 JPMCB 0.00%
VALEANT PHARMA P/P 144A 05.6250 12/01/2021 0.00%
VICI PROP 1 / VICI FC 08.0000 10/15/2023 0.00%
WFRBS 2013-C12 XA IO P/P 144A 01.3072 03/15/2048 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 CS -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%
EUR/USD 03/21/2018 BCAP-FX -0.01%
JPY/USD 02/22/2018 GSFX -0.01%
JPY/USD 02/22/2018 UBS -0.01%
JPY/USD 02/22/2018 WPAC -0.01%
NZD/USD 01/17/2018 CITI -0.01%
NZD/USD 01/17/2018 GSFX -0.01%
NZD/USD 01/17/2018 RBSF -0.01%
NZD/USD 01/17/2018 UBS -0.01%
SEK/USD 03/21/2018 JPMCB -0.01%
SEK/USD 03/21/2018 RBSF -0.01%
ZAR/USD 01/17/2018 GSFX -0.01%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP -0.02%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 JP -0.02%
EUR/USD 03/21/2018 BANKAM -0.02%
EUR/USD 03/21/2018 GSFX -0.02%
NZD/USD 01/17/2018 SSBT -0.02%
USD/MXN CALL 22.00 20180531 BCAP-FX -0.02%
CPURNSA R 2.308 P 12/05/26 -0.04%
CPURNSA R 2.5925 P 09/10/22 -0.04%
CDX CDX.EM.28 100.0 12/20/2022 BC -0.05%
CPURNSA R 2.5325 P 08/08/22 -0.09%
RU10INTR P US0003M R 11/27/18 CI -0.11%
CPURNSA R 2.76 P 01/09/23 -0.19%
CPURNSA R 2.81 P 02/08/23 -0.24%
CDX CDX.NA.HY.29 500.0 12/20/2022 -0.25%
CPURNSA R 2.57 P 07/19/23 -0.37%
RU10INTR P US0003M R 11/16/18 BA -0.72%
CPURNSA R 2.515 P 08/07/22 -0.73%

Prior top 10 holdings

Top 10 holdings as of 03/31/18
S&P Gsci 3 Month Forward Index TR 3X Note 9/7/2018
S&P Gsci 3x Note 04/01/2019
Fnma Fn30 Tba 04.0000 04/01/2048
Gnma Gii30 Tba 03.5000 04/01/2048
Fnma Fn30 Tba 03.0000 04/01/2048
S&P Gsci TOT Return Indx 3X Note 11/05/2018
S&P Gsci TOT Return Indx 3X Note 07/23/2018
JPMorgan Chase
Fnma Fn30 Tba 06.0000 04/01/2048
S&P Gsci TOT Return Indx 3X Note 09/04/2018
Holdings represent 15.25% of portfolio
Top 10 holdings as of 02/28/18
S&P Gsci 3 Month Forward Index TR 3X Note 9/7/2018
Fnma Fn30 Tba 04.0000 03/01/2048
Gnma Gii30 Tba 03.5000 03/01/2048
S&P Gsci Total Return Index 3x Note 11/5/2018
Fnma Fn30 Tba 03.0000 04/01/2048
S&P Gsci TOT Return Indx 3X Note 07/23/2018
JPMorgan Chase
Fnma Fn30 Tba 06.0000 03/01/2048
Alphabet
Fnma Fn15 Tba 03.0000 03/01/2033
Holdings represent 13.09% of portfolio
Top 10 holdings as of 01/31/18
S&P Gsci 3 Month Forward Index TR 3X Note 9/7/2018
Fnma Fn30 Tba 04.0000 03/01/2048
Gnma Gii30 Tba 03.5000 02/01/2048
S&P Gsci Total Return Index 3x Note 11/5/2018
S&P Gsci TOT Return Indx 3X Note 7/23/2018
Fnma Fn15 Tba 03.0000 02/01/2033
Fnma Fn30 Tba 03.0000 03/01/2048
Bilhetes Do Tesouro 00.0000 05/18/2018
JPMorgan Chase
Alphabet
Holdings represent 13.67% of portfolio
Top 10 holdings as of 12/31/17
S&P Gsci 3 Month Forward Index TR 3X Note 9/7/2018
Fnma Fn30 Tba 04.0000 02/01/2048
Gnma Gii30 Tba 03.5000 01/01/2048
Fnma Fn30 Tba 03.0000 01/01/2048
S&P Gsci Total Return Index 3x Note 11/5/2018
Fnma Fn15 Tba 03.0000 01/01/2033
S&P Gsci TOT Return Indx 3X Note 7/23/2018
Spain Letras Del Tesoro 00.0000 03/09/2018
Bilhetes Do Tesouro 00.0000 05/18/2018
Johnson & Johnson
Holdings represent 14.73% of portfolio

Portfolio composition as of 03/31/18

U.S. TIPS 30.31%
U.S. Equity 26.44%
International bonds 25.32%
Commodities 21.99%
U.S. Investment-grade bonds 14.02%
International equity 12.86%
Emerging-markets equity 5.67%
Emerging-market bonds 5.03%
Real estate investment trust 3.07%
U.S. High-yield bonds -1.17%
U.S. money markets -43.54%

Fixed income statistics as of 03/31/18

Average effective maturity 7.12 yrs.
Average effective duration 5.55 yrs.

Fund characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: International investing involves currency, economic, and political risks. Emerging-market securities carry illiquidity and volatility risks. The fund may invest a portion of its assets in small and/or midsize companies. Such investments increase the risk of greater price fluctuations. Funds that invest in government securities are not guaranteed. Mortgage-backed securities are subject to prepayment risk and the risk that they may increase in value less when interest rates decline and decline in value more when interest rates rise. Allocation of assets among asset classes may hurt performance, and efforts to diversify risk through the use of leverage and allocation decisions may not be successful. Derivatives carry additional risks, such as the inability to terminate or sell derivatives positions and the failure of the other party to meet its obligations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is greater for longer-term bonds, and credit risk is greater for below-investment-grade bonds. Unlike bonds, funds that invest in bonds have fees and expenses. Active trading strategies may lose money or not earn a return sufficient to cover trading and other costs. Use of leverage obtained through derivatives increases these risks by increasing investment exposure. Over-the-counter derivatives are also subject to the risk of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. REITs are subject to the risk of economic downturns that have an adverse impact on real estate markets. The use of short selling may result in losses if the securities appreciate in value. Commodities involve market, political, regulatory, and natural conditions risks. Stock and bond prices may fall or fail to rise over time for several reasons, including general financial market conditions, 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 1.37% 2.12% 2.12% 1.87% 1.62% 0.99% 1.12%
What you pay† 1.14% 1.89% 1.89% 1.64% 1.39% 0.76% 0.89%

† The fund's expense ratio is taken from the most recent prospectus and is subject to change. What you pay reflects Putnam Management's decision to contractually limit expenses through 09/30/18

Sales charge

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 and the risk that they may increase in value less when interest rates decline and decline in value more when interest rates rise. Allocation of assets among asset classes may hurt performance, and efforts to diversify risk through the use of leverage and allocation decisions may not be successful. Derivatives carry additional risks, such as the inability to terminate or sell derivatives positions and the failure of the other party to meet its obligations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is greater for longer-term bonds, and credit risk is greater for below-investment-grade bonds. Unlike bonds, funds that invest in bonds have fees and expenses. Active trading strategies may lose money or not earn a return sufficient to cover trading and other costs. Use of leverage obtained through derivatives increases these risks by increasing investment exposure. Over-the-counter derivatives are also subject to the risk of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. REITs are subject to the risk of economic downturns that have an adverse impact on real estate markets. The use of short selling may result in losses if the securities appreciate in value. Commodities involve market, political, regulatory, and natural conditions risks. Stock and bond prices may fall or fail to rise over time for several reasons, including general financial market conditions, 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.