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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 $11.18
-0.53% | $-0.06
$11.72
10/02/18
$9.90
12/24/18
Historical fund price

Fund facts as of 07/31/19

Total net assets
$89.48M
Turnover (fiscal year end)
255%
Dividend frequency
Annually
Number of holdings
1306
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
Portfolio Manager


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)


3.47%

Average 5-year annualized return


  • Total return (%) as of 06/30/19

  • Annual performance as of 06/30/19

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

Annualized performance 1 yr. 3 yrs. 5 yrs. Life (inception: 09/19/11 )
Before sales charge -0.36% 4.97% 2.12% 4.21%
After sales charge -6.09% 2.92% 0.92% 3.42%
Custom Dynamic Risk Allocation Index 4.67%6.83%2.59%--

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. Returns before sales charge do not reflect the current maximum sales charges as indicated below. Had the sales charge been reflected, returns would be lower. Returns at public offering price (after sales charge) for class A and class M shares reflect the current maximum initial sales charges of 5.75% and 3.50% for equity funds and Putnam Multi-Asset Absolute Return Fund, 4.00% and 3.25% for income funds and 2.25% and 0.75% for Putnam Floating Rate Income Fund, Short-Term Municipal Income, Short Duration Bond Fund, and Fixed Income Absolute Return Fund, respectively. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, which is 3% in the first year, declining to 1% in the fourth year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, N, R, and Y shares prior to their inception is derived from the historical performance of class A shares, adjusted for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (with the exception of Putnam Tax-Free High Yield Fund and Putnam AMT-Free Municipal Fund, which are based on the historical performance of class B shares). Returns at public offering price (after sales charge) for class N shares reflect the current maximum initial sales charge of 1.50%. Class R5/R6 shares, available to qualified employee-benefit plans only, are sold without an initial sales charge and have no CDSC. Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge. Performance for Class R5/R6 shares before their inception are derived from the historical performance of class Y shares, which have not been adjusted for the lower expenses; had they, returns would have been higher. Class A and M shares of Putnam money market funds have no initial sales charge. For a portion of the periods, some funds had expense limitations or had been sold on a limited basis with limited assets and expenses, without which returns would be lower.

Performance snapshot

  Before sales charge After sales charge
1 mt. as of 07/31/19 0.62% -5.17%
YTD as of 08/23/19 10.47% 4.12%

Risk-adjusted performance as of 07/31/19

Sharpe ratio (3 yrs.) 0.44

Volatility as of 07/31/19

Standard deviation (3 yrs.) 7.74%

Lipper rankings as of 07/31/19

Time period Rank/Funds in category Percentile ranking
1 yr. 174/222 79%
3 yrs. 78/204 39%
5 yrs. 77/175 44%
10 yrs. --  
Lipper category: Alternative Global Macro Funds

Morningstar Ratings as of 07/31/19

Time period Funds in category Morningstar Rating
Overall 487
3 yrs. 487
5 yrs. 393
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 07/31/19

Fnma Fn30 Tba Umbs 04.0000 08/01/2049 3.47%
S&P Gsci Tot Return 3x 144a Note 01/27/2020 2.45%
Gnma Gii30 Tba 03.5000 08/01/2049 2.31%
Fnma Fn30 Tba Umbs 06.0000 08/01/2049 1.23%
Fnma Fn15 Tba Umbs 03.0000 08/01/2034 1.14%
S&P Gsci 3 Month Forward Index TR 3X Note 10/7/2019 1.14%
Fnma Fn30 Tba Umbs 03.0000 08/01/2049 1.13%
JPMorgan Chase 0.85%
Alphabet 0.76%
Walt Disney 0.74%
Top 10 holdings, percent of portfolio 15.22%

Full portfolio holdings as of 06/30/19

MLFCF15 R US0003M P 06/20/23 BA 14.60%
JPN 10Y BOND(OSE) SEP19 JBU9 11.12%
CGPUTQL2 R US0003M P 11/26/19 CI 4.76%
EURO-BUND FUTURE SEP19 RXU9 4.38%
S&P GSCI TOTAL RETURN 3X 144A NOTE 01/27/2020 3.84%
US 5YR NOTE (CBT) SEP19 FVU9 3.42%
US 2YR NOTE (CBT) SEP19 TUU9 3.36%
LONG GILT FUTURE SEP19 G U9 2.95%
EURO-BOBL FUTURE SEP19 OEU9 2.72%
FNMA FN30 TBA UMBS 04.0000 07/01/2049 2.30%
GNMA GII30 TBA 03.5000 07/01/2049 2.30%
EURO BUXL 30Y BND SEP19 UBU9 2.06%
EURO-SCHATZ FUT SEP19 DUU9 1.99%
E-MINI RUSS 2000 SEP19 RTYU9 1.66%
US ULTRA BOND CBT SEP19 WNU9 1.38%
TREASURY BILL 00.0000 07/25/2019 1.27%
TREASURY BILL 00.0000 07/18/2019 1.26%
FNMA FN30 TBA UMBS 06.0000 08/01/2049 1.22%
S&P GSCI 3 MONTH FORWARD TOTAL RETURN INDX 3X NOTE 10/7/2019 1.16%
FNMA FN30 TBA UMBS 04.0000 08/01/2049 1.15%
FNMA FN15 TBA UMBS 03.0000 07/01/2034 1.14%
FNMA FN30 TBA UMBS 03.0000 08/01/2049 1.12%
WALT DISNEY CO/THE 0.82%
JPMORGAN CHASE & CO 0.81%
ALPHABET INC-CL A 0.67%
MICROSOFT CORP 0.62%
HONEYWELL INTERNATIONAL INC 0.62%
STARBUCKS CORP 0.60%
APPLE INC 0.59%
MONDELEZ INTERNATIONAL INC-A 0.56%
TEXAS INSTRUMENTS INC 0.55%
AUTOMATIC DATA PROCESSING 0.53%
INTERCONTINENTAL EXCHANGE IN 0.53%
US LONG BOND(CBT) SEP19 USU9 0.52%
INTUIT INC 0.51%
TJX COMPANIES INC 0.50%
AMERICAN ELECTRIC POWER 0.50%
NORTHROP GRUMMAN CORP 0.50%
COCA-COLA CO/THE 0.50%
US BANCORP 0.49%
FIDELITY NATIONAL INFO SERV 0.47%
S&P GSCI TOT RETURN INDX 3X NOTE 07/27/2020 0.47%
RAYTHEON COMPANY 0.47%
EXELON CORP 0.47%
AUTOZONE INC 0.46%
EXXON MOBIL CORP 0.43%
WASTE MANAGEMENT INC 0.43%
SYSCO CORP 0.42%
ALLSTATE CORP 0.42%
OMNICOM GROUP 0.40%
T-MOBILE US INC 0.40%
JOHNSON & JOHNSON 0.40%
AMAZON.COM INC 0.40%
COGNIZANT TECH SOLUTIONS-A 0.39%
HUMANA INC 0.39%
EQUITY RESIDENTIAL TR REIT 0.39%
VICI PROPERTIES INC 0.38%
CISCO SYSTEMS INC 0.37%
COMMONWEALTH BK AUST P/P 144A 02.2000 11/09/2020 0.37%
NORFOLK SOUTHERN CORP 0.35%
ANNALY CAPITAL MANAGEMENT IN 0.34%
COMERICA INC 0.34%
BAXTER INTERNATIONAL INC 0.33%
VERIZON COMMUNICATIONS INC 0.33%
PFIZER INC 0.32%
CENTENE CORP 0.32%
OCCIDENTAL PETROLEUM CORP 0.31%
NXP SEMICONDUCTORS NV 0.31%
MERCK & CO. INC. 0.30%
SKANDINAVISKA ENSKIL P/P 144A 02.6250 11/17/2020 0.30%
ROSS STORES INC 0.29%
KINDER MORGAN INC 0.29%
NATIONAL AUSTRALIA BK/NY 02.5000 01/12/2021 0.28%
SIEMENS FINANCIERING P/P 144A 02.2000 03/16/2020 0.28%
CADENCE DESIGN SYS INC 0.28%
SPST 2018-5 A 03.1296 09/24/2019 0.28%
BANQUE FED CRED MUTU P/P 144A 02.2000 07/20/2020 0.27%
IOS.FN30.400.10 R USL1M P 01/12/41 BC 0.27%
SAMSUNG ELECTRONICS CO LTD 0.27%
SPST 2018-3 A 03.1296 07/24/2019 0.27%
F5 NETWORKS INC 0.26%
PROCTER & GAMBLE CO/THE 0.26%
ROCHE HOLDING AG-GENUSSCHEIN 0.26%
HERSHEY CO/THE 0.26%
TREASURY BILL 00.0000 07/11/2019 0.25%
JUNIPER NETWORKS INC 0.25%
IVORY COAST REGS 05.2500 03/22/2030 0.25%
GARMIN LTD 0.25%
REPUBLIC OF INDONESIA REGS 04.7500 01/08/2026 0.24%
BANK OF AMERICA CORP 06.1100 01/29/2037 0.24%
SIMON PROPERTY GROUP INC 0.24%
AGNC INVESTMENT CORP 0.24%
ARGENTINE REPUBLIC USD 07.5000 04/22/2026 0.24%
LLOYDS BANKING GROUP PLC USD 07.5000 04/30/2049 0.23%
UBS GROUP FUNDIN P/P 144A 02.6500 02/01/2022 0.22%
UBS AG LONDON P/P 144A 02.2000 06/08/2020 0.22%
UNITEDHEALTH GROUP INC 0.22%
SYNOPSYS INC 0.22%
LOEWS CORP 0.22%
DOLLAR TREE INC 0.21%
IHS MARKIT LTD P/P 144A 04.7500 02/15/2025 0.21%
TREASURY BILL 00.0000 08/01/2019 0.21%
TOTAL SA 0.20%
AMGEN INC 0.20%
ISHARES US REAL ESTATE ETF 0.20%
CAS 2015-C04 1M2 08.1044 04/25/2028 0.19%
JPY/USD 08/21/2019 JPMCB 0.19%
ALLIANZ SE-REG 0.19%
GAMING AND LEISURE PROPERTIE 0.18%
CWALT 2006-OA7 1A2 03.4437 06/25/2046 0.18%
SHERWIN-WILLIAMS CO/THE 0.18%
NOVO NORDISK A/S-B 0.18%
ELI LILLY & CO 0.18%
FACEBOOK INC-CLASS A 0.18%
SPST 2018-8 A 03.1296 02/24/2020 0.18%
2.05 R ISWP FWD US0003M P 09/18/2029 0.18%
MAXIM INTEGRATED PRODUCTS 0.17%
BERRY GLOBAL GROUP INC 0.17%
HD SUPPLY HOLDINGS INC 0.17%
WESTPAC BANKING CORP USD 02.1500 03/06/2020 0.17%
NESTLE SA-REG 0.17%
AVALONBAY COMMUNITIES INC 0.16%
AES CORP/THE 05.5000 04/15/2025 0.16%
EQUITY LIFESTYLE PROPERTIES 0.16%
LABORATORY CRP OF AMER HLDGS 0.16%
DIAMOND 1 FIN/DIAM P/P 144A 06.0200 06/15/2026 0.16%
LNSTR 2015-3 B P/P 144A 03.2727 04/20/2048 0.16%
UNILEVER PLC 0.16%
JPMORGAN CHASE & CO 03.9640 11/15/2048 0.16%
RIO TINTO PLC 0.16%
ENEL SPA 0.16%
TENCENT HOLDINGS LTD 0.15%
PETROBRAS GLOBAL FIN USD 05.9990 01/27/2028 0.15%
US FOODS HOLDING CORP 0.15%
ENERGY TRANSFER OPERA 05.8750 01/15/2024 0.15%
NOVARTIS AG-REG 0.15%
CSMC 2016-NXSR C 04.5060 12/15/2049 0.14%
ATHENE HOLDING LTD-CLASS A 0.14%
GLAXOSMITHKLINE PLC 0.14%
LIBERTY PROPERTY TRUST 0.14%
ALIBABA GROUP HOLDING-SP ADR 0.14%
PING AN INSURANCE GROUP CO-H 0.14%
ECOLAB INC 0.14%
LOWES COMPANIES INC 0.14%
PROLOGIS INC 0.14%
HITACHI LTD 0.14%
SUMITOMO MITSUI FINANCIAL GR 0.14%
KERING 0.14%
UDR INC 0.14%
UNITED MEXICAN STATES USD 05.5500 01/21/2045 0.14%
JPMBB 2014-C22 C 04.7093 09/15/2047 0.14%
PROVINCIA DE CORDOBA P/P 144A 07.1250 08/01/2027 0.14%
SHIN-ETSU CHEMICAL CO LTD 0.14%
ARGENTINE REPUBLIC USD 06.8750 01/26/2027 0.13%
HILTON WORLDWIDE FIN LLC 04.8750 04/01/2027 0.13%
DUKE REALTY CORP 0.13%
JPMBB 2014-C22 XA IO 01.0097 09/15/2047 0.13%
MEDTRONIC PLC 0.13%
AXALTA COATING SYSTEMS LTD 0.13%
SIRIUS XM RADIO INC P/P 144A 05.0000 08/01/2027 0.13%
VERIZON COMM 04.3290 09/21/2028 0.13%
ZOETIS INC 0.13%
CAS 2016-C02 1M2 08.4044 09/25/2028 0.13%
COMM 2014-UBS6 C 04.6048 12/10/2047 0.13%
HOYA CORP 0.13%
QUEST DIAGNOSTICS INC 0.13%
SANDVIK AB 0.13%
AMDOCS LTD 0.13%
BANCO BILBAO VIZCAYA ARGENTA 0.13%
CSC HOLDINGS LLC 05.2500 06/01/2024 0.13%
L OREAL 0.13%
BIOGEN INC 0.13%
UNITED TECHNOLOGIES CORP 01.9000 05/04/2020 0.12%
WALT DISNEY COMPANY P/P 144A 07.7500 12/01/2045 0.12%
SPRINT CORP 07.2500 09/15/2021 0.12%
TOTAL CAPITAL INTL SA USD 02.7500 06/19/2021 0.12%
TPAT 2018-SL1 A P/P 144A 03.0044 01/25/2046 0.12%
ASHTEAD GROUP PLC 0.12%
CHINA MOBILE LTD 0.12%
ENI SPA 0.12%
LAMB WESTON HOLDINGS P/P 144A 04.8750 11/01/2026 0.12%
UNILEVER NV-CVA 0.12%
EXXON MOBIL CORPORATION 02.2220 03/01/2021 0.12%
PARTNERS GROUP HOLDING AG 0.12%
PHILLIPS 66 0.12%
SPY 20200619 P 255.00JPMCB 0.12%
TELSTRA CORP LTD 0.12%
CDK GLOBAL INC 0.12%
GOLDMAN SACHS GROUP INC 02.6000 12/27/2020 0.12%
CSC HOLDINGS LLC 06.7500 11/15/2021 0.12%
DEUTSCHE TELEKOM AG-REG 0.12%
ERAC USA FINANCE LLC P/P 144A 07.0000 10/15/2037 0.12%
INTERPUBLIC GROUP COS 04.6500 10/01/2028 0.12%
KONINKLIJKE AHOLD DELHAIZE N 0.12%
MACQUARIE GROUP LTD 0.12%
CK ASSET HOLDINGS LTD 0.12%
PETROLEOS MEXICANOS USD 06.5000 03/13/2027 0.12%
TESCO PLC 0.12%
AVIVA PLC 0.12%
COLGATE-PALMOLIVE CO 0.12%
DBUBS 2011-LC3A D P/P 144A 05.5115 08/10/2044 0.12%
MSC 2012-C4 C P/P 144A 05.6003 03/15/2045 0.12%
SONY CORP 0.12%
VIDEOTRON LTD / LTEE P/P 144A 05.1250 04/15/2027 0.12%
AMERICAN HOME 4 RENT 0.12%
QIAGEN N.V. 0.12%
IND & COMM BK OF CHINA-H 0.11%
PEUGEOT SA 0.11%
ITOCHU CORP 0.11%
LEGAL & GENERAL GROUP PLC 0.11%
ANTHEM INC 0.11%
BRISTOL-MYERS SQUIBB CO 0.11%
CENTRAL JAPAN RAILWAY CO 0.11%
COVESTRO AG 0.11%
WOLTERS KLUWER 0.11%
CAMDEN PROPERTY TRUST 0.11%
FISERV INC 0.11%
COCA-COLA EUROPEAN PARTNERS 0.11%
HERMES INTERNATIONAL 0.11%
TAIWAN SEMICONDUCTOR-SP ADR 0.11%
CIT GROUP INC. 05.2500 03/07/2025 0.11%
ORACLE CORPORATION 02.2500 10/08/2019 0.11%
E.ON SE 0.11%
EXTRA SPACE STORAGE INC 0.11%
NEWS CORP - CLASS A 0.11%
ANGLO AMER PLC 0.10%
ASTELLAS PHARMA INC 0.10%
ORIX CORP 0.10%
STANDARD IND INC P/P 144A 05.0000 02/15/2027 0.10%
TELEDYNE TECHNOLOGIES INC 0.10%
NAVISTAR INTL TLB L+350 05.8900 11/06/2024 0.10%
SHIONOGI & CO LTD 0.10%
WAMU 2005-AR12 1A8 03.9935 10/25/2035 0.10%
AENA SME SA 0.10%
MORGAN STANLEY 03.6250 01/20/2027 0.10%
GOLDMAN SACHS GROUP INC 03.8500 01/26/2027 0.10%
REINSURANCE GROUP OF AMERICA 0.10%
ROYAL DUTCH SHELL PLC-B SHS 0.10%
ABBVIE INC 0.10%
HIGHWOODS PROPERTIES INC 0.10%
TATA CONSULTANCY SVS LTD 0.10%
CHENIERE CORP CHRIST 05.1250 06/30/2027 0.10%
HANG SENG BANK LTD 0.10%
PETROBRAS GLOBAL FINANCE USD 07.3750 01/17/2027 0.10%
VERTEX PHARMACEUTICALS INC 0.10%
ALLY FINANCIAL INC 08.0000 11/01/2031 0.10%
EQUINOR ASA 0.10%
EUR/USD 09/18/2019 JPMCB 0.10%
INTL FLAVOR & FRAGRANCES 03.4000 09/25/2020 0.10%
SOLERA LLC / SOLERA P/P 144A 10.5000 03/01/2024 0.10%
STARWOOD PROPERTY TRUST INC 0.10%
APPLE HOSPITALITY REIT INC 0.10%
FAURECIA 0.10%
SK HYNIX INC 0.10%
SPY 20200417 P 255.00BANKAM 0.10%
CURTISS-WRIGHT CORP 0.09%
WH GROUP LTD 0.09%
AMERICAN FINANCIAL GROUP INC 0.09%
CLUBCORP HLDG INC P/P 144A 08.5000 09/15/2025 0.09%
FIRSTENERGY TRANSMIS P/P 144A 05.4500 07/15/2044 0.09%
JAPAN AIRLINES CO LTD 0.09%
LLOYDS BANKING GROUP PLC 0.09%
TEMPO ACQ LLC/FI P/P 144A 06.7500 06/01/2025 0.09%
WESTERN DIGITAL CORP 04.7500 02/15/2026 0.09%
ENDESA S.A. 0.09%
FNMA FN40 BF0171 UMBS 04.0000 01/01/2057 0.09%
MCDONALD'S CORP 0.09%
MICROSOFT CORP 01.5500 08/08/2021 0.09%
SPY 20200515 P 250.00BANKAM 0.09%
CHEVRON CORP 0.09%
ENERGY TRANSFER OPERATNG 06.6250 02/15/2028 0.09%
PERSIMMON PLC 0.09%
BLACK KNIGHT INC 0.09%
INTELSAT CONNECT FIN P/P 144A 09.5000 02/15/2023 0.09%
AT&T INC 03.8000 02/15/2027 0.09%
KIA MOTORS CORP 0.09%
MSRR 2015-R4 CB1 03.2533 08/26/2047 0.09%
IMPERIAL BRANDS PLC 0.09%
PTT PCL/FOREIGN 0.09%
PUBLIC STORAGE 0.09%
NTT DATA CORP 0.09%
ABN AMRO BANK NV-CVA 0.08%
ACS ACTIVIDADES 0.08%
COMPASS MINERALS INT P/P 144A 04.8750 07/15/2024 0.08%
GCP APPLIED TECH P/P 144A 05.5000 04/15/2026 0.08%
HOST HOTELS & RESORTS INC 0.08%
NOVELIS CORP P/P 144A 05.8750 09/30/2026 0.08%
AMCOR PLC 0.08%
ANHUI CONCH CEMENT CO LTD-H 0.08%
APARTMENT INVT & MGMT CO -A 0.08%
DISH DBS CORP 05.8750 11/15/2024 0.08%
KEURIG DR PEPPER INC 04.5970 05/25/2028 0.08%
BANCO DO BRASIL S.A. 0.08%
BRIGHT HORIZONS FAMILY SOLUT 0.08%
NATIONAL RETAIL PROPERTIES 0.08%
NBCUNIVERSAL MEDIA LLC 04.3750 04/01/2021 0.08%
YANGZIJIANG SHIPBUILDING 0.08%
HEIDELBERGCEMENT AG 0.08%
NINTENDO CO LTD 0.08%
WALMART DE MEXICO SAB DE CV 0.08%
GILEAD SCIENCES INC 0.08%
HOLLY ENERGY PARTNE P/P 144A 06.0000 08/01/2024 0.08%
CCO HOLDINGS LLC P/P 144A 05.3750 06/01/2029 0.08%
CHS/COMMUNITY HEALTH SYS 06.2500 03/31/2023 0.08%
HESS INFRASTRUCTURE P/P 144A 05.6250 02/15/2026 0.08%
BRAND ENERGY TL L+425 06.7871 06/21/2024 0.08%
CENTERPOINT ENERGY INC 0.08%
FUJIFILM HOLDINGS CORP 0.08%
AMAZON.COM INC 03.3000 12/05/2021 0.08%
CAS 2019-R04 2M2 04.5044 06/25/2039 0.08%
EVRAZ PLC 0.08%
IHEARTMEDIA TL L+400 06.5790 05/01/2026 0.08%
UNITEDHEALTH GROUP INC 03.8500 06/15/2028 0.08%
OMEGA HEALTHCARE INVESTORS 0.08%
T-MOBILE USA INC 05.3750 04/15/2027 0.08%
AMERICAN CAMPUS COMMUNITIES 0.08%
BRIXMOR PROPERTY GROUP INC 0.08%
CISCO SYSTEMS INC 02.2000 02/28/2021 0.08%
EQUINIX INC 05.3750 05/15/2027 0.08%
EQUITY COMMONWEALTH 0.08%
HCL TECHNOLOGIES LTD 0.08%
STORE CAPITAL CORP 0.08%
AIR LEASE CORP 04.6250 10/01/2028 0.08%
ELANCO ANIMAL HEALTH 04.9000 08/28/2028 0.08%
GREE ELECTRIC 144A/REGS WARRANT 08/29/2019 0.08%
MEDICAL PROPERTIES TRUST INC 0.08%
OSHKOSH CORP 05.3750 03/01/2025 0.08%
SPRINT COMMUNICATIONS INC. 07.0000 08/15/2020 0.08%
UPM-KYMMENE OYJ 0.08%
BAUSCH HLTH COS INC P/P 144A 06.1250 04/15/2025 0.07%
BLUESCOPE STEEL LTD 0.07%
INTELSAT JACKSON HLD P/P 144A 09.7500 07/15/2025 0.07%
RIVERS PITTSBURGH LP P/P 144A 06.1250 08/15/2021 0.07%
SAIL 2004-10 A10 03.3044 11/25/2034 0.07%
THALES SA 0.07%
UNITED AIRLINES HOLDINGS INC 0.07%
WEICHAI POWER CO LTD-H 0.07%
CRC ESCROW ISSUER LL P/P 144A 05.2500 10/15/2025 0.07%
GOLDMAN SACHS GROUP INC 04.2230 05/01/2029 0.07%
LIBERTY MEDIA COR-SIRIUSXM C 0.07%
ORACLE CORP 02.6500 07/15/2026 0.07%
PULTEGROUP INC. 07.8750 06/15/2032 0.07%
SPY 20200320 P 250.00JPMCB 0.07%
CIA SANEAMENTO BASICO DE SP 0.07%
EPR PROPERTIES 0.07%
BALOISE HOLDING AG - REG 0.07%
CARLSBERG AS-B 0.07%
ENCOMPASS HEALTH CORP 0.07%
ENDEAVOR ENERGY P/P 144A 05.7500 01/30/2028 0.07%
HEALTHCARE TRUST OF AME-CL A 0.07%
IRB BRASIL RESSEGUROS SA 0.07%
BT GROUP PLC 0.07%
CHINA PETROLEUM & CHEMICAL-H 0.07%
COMM 2014-LC15 XA IO 01.2723 04/10/2047 0.07%
STEVENS HLDG CO INC P/P 144A 06.1250 10/01/2026 0.07%
COMCAST CORP 06.5000 11/15/2035 0.07%
GATES GLOBAL LLC P/P 144A 06.0000 07/15/2022 0.07%
GOLDMAN SACHS GROUP INC 02.3000 12/13/2019 0.07%
TAISEI CORP 0.07%
CF INDUSTRIES INC P/P 144A 04.5000 12/01/2026 0.07%
JBG SMITH PROPERTIES 0.07%
LPL HOLDINGS INC P/P 144A 05.7500 09/15/2025 0.07%
NRG ENERGY INC P/P 144A 04.4500 06/15/2029 0.07%
PARK HOTELS & RESORTS INC 0.07%
SPIRIT REALTY CAPITAL INC 0.07%
BANK OF SHANGHAI 144A REGS WARRANT 12/12/2019 0.07%
GSMS 2014-GC22 XA IO 01.1443 06/10/2047 0.07%
SPST 2019-3 A 03.1296 06/24/2020 0.07%
WELLTOWER INC 0.07%
3I GROUP PLC 0.07%
BRIDGESTONE CORP 0.07%
FAIRFAX FINL HLDGS USD 04.8500 04/17/2028 0.07%
GENTEX CORP 0.07%
TECH MAHINDRA LTD 0.07%
BANK LEUMI LE-ISRAEL 0.06%
DIGITAL REALTY TRUST LP 04.4500 07/15/2028 0.06%
LEAR CORP 03.8000 09/15/2027 0.06%
MEREDITH CORP 06.8750 02/01/2026 0.06%
AMERICOLD REALTY TRUST 0.06%
APPLE INC 03.8500 05/04/2043 0.06%
AT&T INC 04.1000 02/15/2028 0.06%
BIG RVR STL/FIN P/P 144A 07.2500 09/01/2025 0.06%
DELTA AIR LINES INC 0.06%
MICROCHIP TECH INC 04.3330 06/01/2023 0.06%
SIX FLAGS ENT P/P 144A 05.5000 04/15/2027 0.06%
SOFTBANK GROUP CORP 0.06%
AMER TRANS SYST P/P 144A 05.0000 09/01/2044 0.06%
BANFF MERGER SUB INC P/P 144A 09.7500 09/01/2026 0.06%
COMMSCOPE TECH LLC P/P 144A 06.0000 06/15/2025 0.06%
PIEDMONT OFFICE REALTY TRU-A 0.06%
PTT GLOBAL CHEMICAL PCL-FOR 0.06%
TOTAL SYSTEM SERVICES INC 0.06%
WESTLAKE CHEM CORP 03.6000 08/15/2026 0.06%
BMC EAST LLC P/P 144A 05.5000 10/01/2024 0.06%
BOISE CASCADE CO P/P 144A 05.6250 09/01/2024 0.06%
HCA INC 05.2500 06/15/2026 0.06%
MITSUBISHI CORP 0.06%
ASSOCIATED BRITISH FOODS PLC 0.06%
BROADRIDGE FINANCIAL SOLUTIO 0.06%
CAPGEMINI SE 0.06%
QUALCOMM INC 0.06%
RITE AID CORP P/P 144A 06.1250 04/01/2023 0.06%
THERMO FISHER SCIENTIFIC INC 0.06%
USI INC/NY P/P 144A 06.8750 05/01/2025 0.06%
CAS 2016-C04 1M2 06.6544 01/25/2029 0.06%
CITIGROUP INC 02.6500 10/26/2020 0.06%
COLUMBIA PROPERTY TRUST INC 0.06%
GUANGZHOU AUTOMOBILE GROUP-H 0.06%
LG UPLUS CORP 0.06%
NATL HEALTH INVESTORS INC 0.06%
SERVICEMASTER GLOBAL HOLDING 0.06%
WEINGARTEN REALTY INVESTORS 0.06%
AMAZON.COM INC 03.1500 08/22/2027 0.06%
BANK OF AMERICA CORP 06.1000 12/29/2049 0.06%
COMM 2014-UBS6 XA IO 01.0876 12/10/2047 0.06%
DIAMONDBACK ENERGY INC 05.3750 05/31/2025 0.06%
GENPACT LTD 0.06%
AVAYA TLB L+425 06.7226 12/15/2024 0.06%
CMLTI 2005-2 1A2A 04.9214 05/25/2035 0.06%
FORTESCUE METALS GROUP LTD 0.06%
GOLDEN NUGGET INC P/P 144A 08.7500 10/01/2025 0.06%
SCIENTIFIC GAMES P/P 144A 08.2500 03/15/2026 0.06%
TENET HEALTHCARE CORP 08.1250 04/01/2022 0.06%
UBSBB 2012-C3 C P/P 144A 05.1984 08/10/2049 0.06%
WELLS FARGO & COMPANY 02.6000 07/22/2020 0.06%
BERRY GLOBAL INC 05.1250 07/15/2023 0.06%
ECOLAB INC 02.7000 11/01/2026 0.06%
GFL ENVIRONMENTAL P/P 144A 07.0000 06/01/2026 0.06%
SBERBANK PJSC -SPONSORED ADR 0.06%
SCIENTIFIC GAMES INT 10.0000 12/01/2022 0.06%
WFRBS 2013-UBS1 AS 04.3060 03/15/2046 0.06%
1011778 BC / NEW RED P/P 144A 05.0000 10/15/2025 0.06%
CHARTER COMM OPT LLC 06.4840 10/23/2045 0.06%
CHENIERE CORP CHRIST 05.8750 03/31/2025 0.06%
MACQUARIE GROUP LTD P/P 144A 07.6250 08/13/2019 0.06%
MEG ENERGY CORP P/P 144A 06.5000 01/15/2025 0.06%
RBS GLOBAL/REXNO P/P 144A 04.8750 12/15/2025 0.06%
ALLY FINANCIAL INC 05.7500 11/20/2025 0.06%
AMGEN INC 02.6000 08/19/2026 0.06%
BAUSCH HLTH AMERICAS P/P 144A 08.5000 01/31/2027 0.06%
BP PLC 0.06%
CALPINE CORPORATION 05.7500 01/15/2025 0.06%
CONCHO RESOURCES INC 03.7500 10/01/2027 0.06%
EASTERLY GOVERNMENT PROPERTI 0.06%
EPR PROPERTIES 05.7500 CUM CV PFD 0.06%
MITSUBISHI UFJ FIN GRP USD 03.5350 07/26/2021 0.06%
SALESFORCE.COM INC 03.7000 04/11/2028 0.06%
STAPLES INC P/P 144A 07.5000 04/15/2026 0.06%
YUM CHINA HOLDINGS INC 0.06%
BWAY HOLDING CO P/P 144A 07.2500 04/15/2025 0.05%
CORELOGIC INC 0.05%
ENTERPRISE PRODUCTS OPER 04.2500 02/15/2048 0.05%
GLENCORE FUNDING LLC P/P 144A 04.0000 04/16/2025 0.05%
INGEVITY CORP P/P 144A 04.5000 02/01/2026 0.05%
REGENERON PHARMACEUTICALS 0.05%
TERADATA CORP 0.05%
ALLERGAN PLC 0.05%
BANK OF COMMUNICATIONS - H 0.05%
BROADCOM CRP / CAYM 03.5000 01/15/2028 0.05%
CAS 2016-C01 2M2 09.3544 08/25/2028 0.05%
CHS/COMMUNITY HEALTH 06.8750 02/01/2022 0.05%
ECOLAB INC 04.3500 12/08/2021 0.05%
GENTING SINGAPORE LTD 0.05%
MSBAM 2014-C18 C 04.6249 10/15/2047 0.05%
NOVARTIS CAPITAL CORP 04.0000 11/20/2045 0.05%
ONCOR ELECTRIC DELIV 03.7500 04/01/2045 0.05%
TRANSDIGM INC P/P 144A 06.2500 03/15/2026 0.05%
UBSBB 2012-C2 D P/P 144A 05.0481 05/10/2063 0.05%
UCB SA 0.05%
AMERICAN TOWER CORP 03.5500 07/15/2027 0.05%
BANCO ITAU HOLDING PFD 0.05%
CAS 2015-C03 2M2 07.4044 07/25/2025 0.05%
CGCMT 2014-GC19 X IO 01.3274 03/10/2047 0.05%
COUNTRY GARDEN HOLDINGS CO 0.05%
HUSKY TLB L+300 05.4024 03/28/2025 0.05%
NAVISTAR INTL CORP P/P 144A 06.6250 11/01/2025 0.05%
NEXSTAR BROADC P/P 144A 05.6250 08/01/2024 0.05%
NIPPON TELEGRAPH & TELEPHONE 0.05%
NTT DOCOMO INC 0.05%
PFIZER INC 01.7000 12/15/2019 0.05%
REFINITIV US HLDG P/P 144A 06.2500 05/15/2026 0.05%
SMURFIT KAPPA TREASURY USD 07.5000 11/20/2025 0.05%
SWISS RE TREAS P/P 144A 04.2500 12/06/2042 0.05%
ASCEND LEARNING LLC P/P 144A 06.8750 08/01/2025 0.05%
BOMBARDIER INC P/P 144A 07.5000 12/01/2024 0.05%
FOUR CORNERS PROPERTY TRUST 0.05%
GSMS 2013-GC16 D P/P 144A 05.4877 11/10/2046 0.05%
HONEYWELL INTL 03.8120 11/21/2047 0.05%
LIONS GATE CAP HOLD P/P 144A 05.8750 11/01/2024 0.05%
SAMI 2007-AR7 1A1 03.2544 05/25/2047 0.05%
STARWOOD PROP TR 04.7500 03/15/2025 0.05%
TOPBUILD CORP P/P 144A 05.6250 05/01/2026 0.05%
WFCM 2013-LC12 C 04.4208 07/15/2046 0.05%
AMADEUS IT GROUP SA 0.05%
ARKEMA 0.05%
BAUSCH HLTH AMERICAS P/P 144A 09.2500 04/01/2026 0.05%
CANTOR FITZGERALD LP P/P 144A 06.5000 06/17/2022 0.05%
CITIGROUP INC 03.6680 07/24/2028 0.05%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 CG 0.05%
CVS HEALTH CORP 03.7000 03/09/2023 0.05%
ING GROEP NV-CVA 0.05%
MORGAN STANLEY 04.3750 01/22/2047 0.05%
MSBAM 2014-C17 C 04.6549 08/15/2047 0.05%
TARGA RESOURCES PART 05.0000 01/15/2028 0.05%
UNI-PRESIDENT ENTERPRISES CO 0.05%
BANCO SANTANDER BRASIL-UNIT 0.05%
CIGNA CORP P/P 144A 03.7500 07/15/2023 0.05%
CK HUTCHISON HOLDINGS LTD 0.05%
FAIRFAX US INC P/P 144A 04.8750 08/13/2024 0.05%
KINDER MORGAN INC 03.1500 01/15/2023 0.05%
NABORS INDUSTRIES INC. 05.7500 02/01/2025 0.05%
TTM TECHNOLOGIES INC P/P 144A 05.6250 10/01/2025 0.05%
WFRBS 2011-C3 D P/P 144A 05.8555 03/15/2044 0.05%
ALLEGHENY TECHNOLOGIES INC 07.8750 08/15/2023 0.05%
AMERICAN INTL GROUP 08.1750 05/15/2058 0.05%
CATCHER TECHNOLOGY CO LTD 0.05%
DCP MIDSTREAM P/P 144A 06.7500 09/15/2037 0.05%
ECOPETROL SA-SPONSORED ADR 0.05%
FIAT CHRYSLER AUTOMOBILES NV 0.05%
GRAY TELEVISION INC P/P 144A 07.0000 05/15/2027 0.05%
HINDUSTAN UNILEVER LTD 0.05%
JACK OHIO FIN LLC/FI P/P 144A 10.2500 11/15/2022 0.05%
OMV AG 0.05%
ORTHO-CLINICAL INC/S P/P 144A 06.6250 05/15/2022 0.05%
PRECISION DRILL P/P 144A 07.1250 01/15/2026 0.05%
AES CORP/THE 05.1250 09/01/2027 0.05%
CARNIVAL PLC 0.05%
CCO HLDGS LLC/CAP CO P/P 144A 05.7500 02/15/2026 0.05%
CCO HLDGS LLC/CAP CO P/P 144A 05.8750 04/01/2024 0.05%
DEUTSCHE LUFTHANSA-REG 0.05%
GNR 2013-99 AS IO 03.6671 06/20/2043 0.05%
GREAT LAKES D&D 08.0000 05/15/2022 0.05%
HENDERSON LAND DEVELOPMENT 0.05%
IHEARTMEDIA INC - CLASS A 0.05%
KBC GROUP NV 0.05%
MATCH GROUP INC P/P 144A 05.0000 12/15/2027 0.05%
MSBAM 2012-C5 AS 03.7920 08/15/2045 0.05%
SUN HUNG KAI PROPERTIES 0.05%
TWO HARBORS INVESTMENT CORP 0.05%
BANK OF AMERICA CORP 03.2480 10/21/2027 0.05%
BMW US CAPITAL LLC P/P 144A 02.0000 04/11/2021 0.05%
COMMONWEALTH BK AUST P/P 144A 03.1500 09/19/2027 0.05%
DIGITAL REALTY TRUST INC 0.05%
FIRST DATA CORP P/P 144A 05.7500 01/15/2024 0.05%
GEELY AUTOMOBILE HOLDINGS LT 0.05%
OASIS PETROLEUM INC 06.8750 03/15/2022 0.05%
OSHKOSH CORP 04.6000 05/15/2028 0.05%
SCENTRE GROUP 0.05%
SHELL INTERNATIONAL FIN USD 02.8750 05/10/2026 0.05%
SPRINT CAPITAL CORPORATION 06.8750 11/15/2028 0.05%
SPY 20200221 P 240.00CITI 0.05%
STANDARD IND INC P/P 144A 05.3750 11/15/2024 0.05%
T-MOBILE USA INC 04.7500 02/01/2028 0.05%
AIR MEDICAL MERGER S P/P 144A 06.3750 05/15/2023 0.04%
ALLIANCE DATA SYS CO P/P 144A 05.3750 08/01/2022 0.04%
CBS CORP 04.2000 06/01/2029 0.04%
CF INDUSTRIES INC 04.9500 06/01/2043 0.04%
HUB INTL LTD P/P 144A 07.0000 05/01/2026 0.04%
INDIGO NATURAL P/P 144A 06.8750 02/15/2026 0.04%
OTSUKA CORP 0.04%
STERIGENICS-NORDION P/P 144A 06.5000 05/15/2023 0.04%
VENTAS INC 0.04%
WATCO COS LLC/FI P/P 144A 06.3750 04/01/2023 0.04%
WYNN LAS VEGAS P/P 144A 05.2500 05/15/2027 0.04%
ALLISON TRANSMISSION P/P 144A 04.7500 10/01/2027 0.04%
BAUSCH HLTH COS INC P/P 144A 09.0000 12/15/2025 0.04%
CIGNA CORP 0.04%
JO-ANN STORES 2NDL L+925 11.7272 05/21/2024 0.04%
NIELSEN FIN LLC/CO P/P 144A 05.0000 04/15/2022 0.04%
ROYAL BANK OF CANADA USD 02.1250 03/02/2020 0.04%
WEWORK COS INC P/P 144A 07.8750 05/01/2025 0.04%
CLP HOLDINGS LTD 0.04%
COMM 2014-CR17 C 04.9513 05/10/2047 0.04%
CORNERSTONE BUILDING P/P 144A 08.0000 04/15/2026 0.04%
DOW CHEMICAL CO/THE 03.5000 10/01/2024 0.04%
FIDELITY NATL INFO SERV 03.7500 05/21/2029 0.04%
FRONTIER COMM P/P 144A 08.5000 04/01/2026 0.04%
NEIMAN MARCUS TL L+600 08.4209 10/25/2023 0.04%
SPRINGLEAF FINANCE CORP 06.8750 03/15/2025 0.04%
ALBERTSONS COS LLC P/P 144A 07.5000 03/15/2026 0.04%
AT&T INC 04.7500 05/15/2046 0.04%
CIT GROUP INC 05.0000 08/01/2023 0.04%
CITIGROUP INC 04.4500 09/29/2027 0.04%
CITIGROUP INC 04.6000 03/09/2026 0.04%
HCA INC 05.0000 03/15/2024 0.04%
OMNICOM GP/OMNICOM CAP 03.6000 04/15/2026 0.04%
PROVIDENT FDG/PFG FI P/P 144A 06.3750 06/15/2025 0.04%
SANTOS LTD 0.04%
WERNER FINCO LP/INC P/P 144A 08.7500 07/15/2025 0.04%
WR GRACE & CO-CONN P/P 144A 05.6250 10/01/2024 0.04%
AMGEN INC 04.6630 06/15/2051 0.04%
BOYD GAMING CORP 06.3750 04/01/2026 0.04%
CHEMOURS CO 07.0000 05/15/2025 0.04%
COUSINS PROPERTIES INC 0.04%
ENTERCOM MEDIA CORP P/P 144A 07.2500 11/01/2024 0.04%
FRONTIER COMM 11.0000 09/15/2025 0.04%
HINDUSTAN PETROLEUM CORP 0.04%
KFC HLD/PIZZA HUT/TA P/P 144A 05.2500 06/01/2026 0.04%
MATTAMY GROUP CORP P/P 144A 06.8750 12/15/2023 0.04%
MR PRICE GROUP LTD 0.04%
MWST 2018-W1 A 03.2544 11/25/2051 0.04%
PENSKE AUTOMOTIVE GROUP 05.5000 05/15/2026 0.04%
VODAFONE GROUP PLC USD 04.3750 05/30/2028 0.04%
WFRBS 2012-C10 XA IO P/P 144A 01.7032 12/15/2045 0.04%
WILLIAMS COMPANIES INC 04.3000 03/04/2024 0.04%
ARCELORMITTAL USD 07.0000 10/15/2039 0.04%
AUTOMATION TOOLING S P/P 144A 06.5000 06/15/2023 0.04%
BANCO MACRO SA-ADR 0.04%
BUILDERS FIRSTSOURCE P/P 144A 05.6250 09/01/2024 0.04%
CARRIAGE SVCS INC P/P 144A 06.6250 06/01/2026 0.04%
ERAC USA FINANCE LLC P/P 144A 05.6250 03/15/2042 0.04%
GOLDEN NUGGET INC P/P 144A 06.7500 10/15/2024 0.04%
GREIF INC P/P 144A 06.5000 03/01/2027 0.04%
HUDBAY MINERALS INC P/P 144A 07.6250 01/15/2025 0.04%
HYPERA SA 0.04%
ITRON INC P/P 144A 05.0000 01/15/2026 0.04%
JACK OHIO FIN LLC/FI P/P 144A 06.7500 11/15/2021 0.04%
KAJIMA CORP 0.04%
KUMBA IRON ORE LTD 0.04%
MORGAN STANLEY 02.6500 01/27/2020 0.04%
NATIONSTAR MTG P/P 144A 08.1250 07/15/2023 0.04%
NETFLIX INC 04.8750 04/15/2028 0.04%
NEW RESIDENTIAL INVESTMENT 0.04%
PANTHER BF AGGRE 2 P/P 144A 08.5000 05/15/2027 0.04%
PQ CORP P/P 144A 05.7500 12/15/2025 0.04%
SIX FLAGS ENT P/P 144A 04.8750 07/31/2024 0.04%
WFRBS 2013-C16 AS 04.6680 09/15/2046 0.04%
APERGY CORP 06.3750 05/01/2026 0.04%
CAS 2014-C02 1M2 05.0044 05/25/2024 0.04%
CBRE SERVICES INC 05.2500 03/15/2025 0.04%
CENOVUS ENERGY INC USD 06.7500 11/15/2039 0.04%
CINEMARK USA INC 04.8750 06/01/2023 0.04%
DAIWA HOUSE INDUSTRY CO LTD 0.04%
FISERV INC 04.2000 10/01/2028 0.04%
GENERAL MOTORS FINL CO 04.0000 10/06/2026 0.04%
HOSPITALITY PROP TRUST 04.3750 02/15/2030 0.04%
HYATT HOTELS CORP 04.8500 03/15/2026 0.04%
IRON MOUNTAIN INC P/P 144A 04.8750 09/15/2027 0.04%
PEPSICO INC 0.04%
SUZUKEN CO LTD 0.04%
ZHEN DING TECHNOLOGY HOLDING 0.04%
COMM 2012-LC4 C 05.7227 12/10/2044 0.04%
GETTY REALTY CORP 0.04%
PAR PHARMA INC P/P 144A 07.5000 04/01/2027 0.04%
SUGAR HSP GAMING P/P 144A 05.8750 05/15/2025 0.04%
THE WILLIAMS COMPANIES INC. 08.7500 03/15/2032 0.04%
US CONCRETE INC 06.3750 06/01/2024 0.04%
WPX ENERGY INC 08.2500 08/01/2023 0.04%
ASCENT RESOURCES/AEU P/P 144A 10.0000 04/01/2022 0.04%
EQT CORP 03.9000 10/01/2027 0.04%
HOCHTIEF AG 0.04%
KINDER MORGAN ENER PART 03.4500 02/15/2023 0.04%
MFA FINANCIAL INC 0.04%
NORTHROP GRUMMAN CORP 03.2500 01/15/2028 0.04%
UNIVISION COMM P/P 144A 05.1250 02/15/2025 0.04%
AIG GLOBAL FUNDING P/P 144A 02.1500 07/02/2020 0.04%
AMC ENTERTAINMENT HLDGS 05.7500 06/15/2025 0.04%
BRDCOM CRP / FIN 03.8750 01/15/2027 0.04%
CHESAPEAKE ENERGY CORPORATION 08.0000 01/15/2025 0.04%
GFL ENVIRONMENTA P/P 144A 08.5000 05/01/2027 0.04%
GLP CAPITAL LP / FIN II 05.2500 06/01/2025 0.04%
GNR 2017-H22 EI IO 02.3774 10/20/2067 0.04%
GUANGZHOU R&F PROPERTIES - H 0.04%
PETRONAS CHEMICALS GROUP BHD 0.04%
WESTLAKE CHEMICAL CORP 04.3750 11/15/2047 0.04%
AMERICAN ELECTRIC POWER 04.3000 12/01/2028 0.04%
BEACON ROOFING SUPPL 06.3750 10/01/2023 0.04%
BRAND ENERGY & I P/P 144A 08.5000 07/15/2025 0.04%
BRIGGS & STRATTON CORPORATION 06.8750 12/15/2020 0.04%
CCO HLDGS LLC/CAP C P/P 144A 05.5000 05/01/2026 0.04%
CENTENE CORP 06.1250 02/15/2024 0.04%
CHARTER COMM OPT LLC 05.3750 05/01/2047 0.04%
CLEAR CHANNEL OUTDOOR HOLDIN 0.04%
ENTERCOM MEDIA CORP P/P 144A 06.5000 05/01/2027 0.04%
FREEPORT-MCMORAN INC 06.8750 02/15/2023 0.04%
GOEASY LTD P/P 144A 07.8750 11/01/2022 0.04%
HANESBRANDS INC P/P 144A 04.6250 05/15/2024 0.04%
HOWARD HUGHES CORP P/P 144A 05.3750 03/15/2025 0.04%
ICAHN ENTER/FIN 06.7500 02/01/2024 0.04%
JAGUAR HL / PPDI P/P 144A 06.3750 08/01/2023 0.04%
KKR GROUP FINANCE CO P/P 144A 06.3750 09/29/2020 0.04%
LIVE NATION ENTERTAI P/P 144A 05.6250 03/15/2026 0.04%
MERCER INTL INC USD 06.5000 02/01/2024 0.04%
OCCIDENTAL PETROLEUM COR 04.4000 04/15/2046 0.04%
QORVO INC 05.5000 07/15/2026 0.04%
SAMSUNG SDS CO LTD 0.04%
SERVICE CORP INTL 05.1250 06/01/2029 0.04%
SS&C TECH INC P/P 144A 05.5000 09/30/2027 0.04%
STEEL DYNAMICS INC 05.5000 10/01/2024 0.04%
TORONTO-DOMINION BANK USD 03.6250 09/15/2031 0.04%
WYNDHAM HOTELS & RE P/P 144A 05.3750 04/15/2026 0.04%
AIR LEASE CORP 03.6250 04/01/2027 0.03%
AUTONATION INC. 05.5000 02/01/2020 0.03%
CELANESE US HOLDINGS LLC 04.6250 11/15/2022 0.03%
CPG MERGER SUB LLC P/P 144A 08.0000 10/01/2021 0.03%
ENBRIDGE INC USD 04.2500 12/01/2026 0.03%
HCA INC 04.1250 06/15/2029 0.03%
ICAHN ENTERPRISES/FI 06.2500 02/01/2022 0.03%
IHEARTCOMMUNICATIONS INC 08.3750 05/01/2027 0.03%
NRG P/P 144A 03.7500 06/15/2024 0.03%
PENSKE AUTO GRP INC 05.7500 10/01/2022 0.03%
SABRE GLBL INC P/P 144A 05.3750 04/15/2023 0.03%
SOUTH32 LTD 0.03%
SPECTRUM BRANDS INC 06.1250 12/15/2024 0.03%
TALLGRASS NRG PRTNR P/P 144A 05.5000 01/15/2028 0.03%
ASP AMC MERGER SUB P/P 144A 08.0000 05/15/2025 0.03%
BANCO SANTANDER MEXICO SA IN 0.03%
CGCMT 2012-GC8 XA IO P/P 144A 01.9387 09/10/2045 0.03%
CROWN RESORTS LTD 0.03%
CVS HEALTH CORP 04.7800 03/25/2038 0.03%
DUKE ENERGY CORP 03.1500 08/15/2027 0.03%
FUKUOKA FINANCIAL GROUP INC 0.03%
HOME PRODUCT CENTER PCL-FOR 0.03%
JELD-WEN INC P/P 144A 04.6250 12/15/2025 0.03%
L3 TECHNOLOGIES INC 03.8500 12/15/2026 0.03%
PLANTRONICS INC P/P 144A 05.5000 05/31/2023 0.03%
QUALICORP CONS E CORR SEG SA 0.03%
STAPLES INC P/P 144A 10.7500 04/15/2027 0.03%
TAYLOR WIMPEY PLC 0.03%
TRANSCANADA TRUST USD 05.3000 03/15/2077 0.03%
WASHINGTON REIT 0.03%
WEEKLEY HOMES LLC 06.0000 02/01/2023 0.03%
WELLS FARGO & COMPANY 05.8750 12/29/2049 0.03%
CBS CORP 02.9000 01/15/2027 0.03%
ERAC USA FINANCE LLC P/P 144A 04.5000 02/15/2045 0.03%
GNR 2017-162 QI IO 05.0000 10/11/2047 0.03%
NEXT PLC 0.03%
PRESIDENT CHAIN STORE CORP 0.03%
SUMITOMO MITSUI TRUST HOLDIN 0.03%
TMS INTL CORP P/P 144A 07.2500 08/15/2025 0.03%
ANGLO AMERICAN PLATINUM LTD 0.03%
COOPERATIEVE RABOBANK UA USD 05.2500 05/24/2041 0.03%
DEUTSCHE BOERSE AG 0.03%
FOSUN INTERNATIONAL 0.03%
FUJITSU LTD 0.03%
GLENCORE FUNDING LLC P/P 144A 04.6250 04/29/2024 0.03%
GNR 2015-H26 DI IO 01.9125 10/20/2065 0.03%
GNR 2016-123 LI IO 03.5000 03/20/2044 0.03%
SINOTRUK HONG KONG LTD 0.03%
WFRBS 2011-C5 XA IO P/P 144A 01.8857 11/15/2044 0.03%
ALFRESA HOLDINGS CORP 0.03%
CLEAR CHANNEL WORLD P/P 144A 09.2500 02/15/2024 0.03%
CNO FINANCIAL GROUP INC 05.2500 05/30/2025 0.03%
DNB NOR ASA 0.03%
EL PASO NATURAL GAS 08.3750 06/15/2032 0.03%
GRUPO FINANCIERO BANORTE-O 0.03%
GUANGZHOU BAIYUNSHAN PHARM-H 0.03%
INTL FLAVOR & FRAGRANCES 04.4500 09/26/2028 0.03%
MEDIPAL HOLDINGS CORP 0.03%
MGP ESCROW ISSUER/CO 05.6250 05/01/2024 0.03%
NEUBERGER BERMAN GRP P/P 144A 04.8750 04/15/2045 0.03%
NRG ENERGY INC 06.6250 01/15/2027 0.03%
NUTRIEN LTD. USD 04.2000 04/01/2029 0.03%
RADIANT OPTO-ELECTRONICS COR 0.03%
REALTY INCOME CORP 0.03%
ROBERTSHAW US HOLDING L+350 06.0000 02/28/2025 0.03%
SPECTRA ENERGY PARTNERS 03.3750 10/15/2026 0.03%
SWISSCOM AG-REG 0.03%
VISTRA ENERGY CORP P/P 144A 08.1250 01/30/2026 0.03%
BECTON DICKINSON AND CO 03.7000 06/06/2027 0.03%
BOC HONG KONG HOLDINGS LTD 0.03%
BOSTON PROPERTIES INC 0.03%
CBRE SERVICES INC 04.8750 03/01/2026 0.03%
CBS OUT AMER CAP LLC 05.8750 03/15/2025 0.03%
GENERAL DYNAMICS CORP 0.03%
IPALCO ENTPRS IN 03.7000 09/01/2024 0.03%
MERCK & CO INC 03.7000 02/10/2045 0.03%
MOLINA HEALTHCARE IN 05.3750 11/15/2022 0.03%
RESIDEO FUNDING INC P/P 144A 06.1250 11/01/2026 0.03%
SERVICE CORP INTL 05.3750 05/15/2024 0.03%
SIRIUS XM RADIO INC P/P 144A 06.0000 07/15/2024 0.03%
TRI POINTE GROUP / HOMES 05.8750 06/15/2024 0.03%
WFRBS 2012-C6 D P/P 144A 05.7679 04/15/2045 0.03%
1011778 BC / NEW RED P/P 144A 04.6250 01/15/2022 0.03%
BANK OF MONTREAL USD 03.1000 04/13/2021 0.03%
BMW US CAPITAL LLC P/P 144A 02.8000 04/11/2026 0.03%
BOMBARDIER INC P/P 144A 07.8750 04/15/2027 0.03%
CALPINE CORP P/P 144A 05.2500 06/01/2026 0.03%
CANTOR FITZGERALD LP P/P 144A 07.8750 10/15/2019 0.03%
COMCAST CORP 03.3750 02/15/2025 0.03%
COVEY PARK ENERGY LL P/P 144A 07.5000 05/15/2025 0.03%
CROWN CASTLE INTL CORP 03.7000 06/15/2026 0.03%
EOG RESOURCES INC 02.6250 03/15/2023 0.03%
EQUINOR ASA USD 02.9000 11/08/2020 0.03%
FHR 3829 AS IO 04.5558 03/15/2041 0.03%
FREEDOM MTGE CORP P/P 144A 08.1250 11/15/2024 0.03%
JPMORGAN CHASE & CO 05.3000 12/29/2049 0.03%
KRATON POLYMERS LLC/ P/P 144A 07.0000 04/15/2025 0.03%
LOUISIANA-PACIFIC CORPORATION 04.8750 09/15/2024 0.03%
NEWELL BRANDS INC 04.2000 04/01/2026 0.03%
REGIONS FINANCIAL CORP 02.7500 08/14/2022 0.03%
ROBERTSHAW TL 2L L+800 10.4375 02/28/2026 0.03%
SPY 20200117 P 230.00CITI 0.03%
TRANSDIGM INC 06.3750 06/15/2026 0.03%
ANTERO RESOURCES COR 05.6250 06/01/2023 0.03%
APPLE INC 02.8500 05/06/2021 0.03%
BANCO SANTANDER-CHILE-ADR 0.03%
BANDAI NAMCO HOLDINGS INC 0.03%
CAS 2014-C04 1M2 07.3044 11/25/2024 0.03%
CHEMOURS CO 05.3750 05/15/2027 0.03%
CITY OFFICE REIT INC 0.03%
CWALT 2007-OH1 A1D 02.6144 04/25/2047 0.03%
GAIL INDIA LTD 0.03%
IHS MARKIT LTD USD 04.7500 08/01/2028 0.03%
JARDINE CYCLE & CARRIAGE LTD 0.03%
JELD-WEN INC P/P 144A 04.8750 12/15/2027 0.03%
JOHNSON CONTROLS INTL PL 04.9500 07/02/2064 0.03%
NBCUNIVERSAL MEDIA LLC 05.1500 04/30/2020 0.03%
NIELSEN CO LUXEM P/P 144A 05.0000 02/01/2025 0.03%
PENN NATIONAL GAMING P/P 144A 05.6250 01/15/2027 0.03%
POMEGRANATE MERGER S P/P 144A 09.7500 05/01/2023 0.03%
ROYAL BANK OF CANADA USD 04.6500 01/27/2026 0.03%
SHINHAN FINANCIAL GROUP LTD 0.03%
SHIRE ACQ INV IE 03.2000 09/23/2026 0.03%
SMILES FIDELIDADE SA 0.03%
TRANSOCEAN PONTUS LT P/P 144A 06.1250 08/01/2025 0.03%
VISTRA OPERATION P/P 144A 04.3000 07/15/2029 0.03%
WESTROCK MWV LLC 08.2000 01/15/2030 0.03%
WIPRO LTD 0.03%
WOLVERINE WORLD WIDE P/P 144A 05.0000 09/01/2026 0.03%
AVERY DENNISON CORP 0.03%
CALIFORNIA RESOURC TL L+475 07.1524 12/31/2022 0.03%
CAPITEC BANK HOLDINGS LTD 0.03%
COMCAST CORP 03.9690 11/01/2047 0.03%
CROWN CORK & SEAL CO INC 07.3750 12/15/2026 0.03%
DEUTSCHE POST AG-REG 0.03%
DUKE ENERGY OHIO INC 03.6500 02/01/2029 0.03%
HUNTINGTON BANCSHARES 04.3500 02/04/2023 0.03%
JAZZ PHARMACEUTICALS PLC 0.03%
MSBAM 2014-C17 XA IO 01.2783 08/15/2047 0.03%
REVLON CONS TLB L+350 06.0469 09/07/2023 0.03%
SM ENERGY CO 05.0000 01/15/2024 0.03%
TELKOM SA SOC LTD 0.03%
WAMU 2005-AR10 1A3 04.1000 09/25/2035 0.03%
WATERS CORP 0.03%
ZHONGSHENG GROUP HOLDINGS 0.03%
ZOETIS INC 03.9000 08/20/2028 0.03%
APPLE INC 04.3750 05/13/2045 0.02%
AUROBINDO PHARMA LTD 0.02%
BERKSHIRE HATHAWAY E 03.8000 07/15/2048 0.02%
CHARTER COMM OPT LLC 04.9080 07/23/2025 0.02%
CHINA RESOURCES SANJIU MEDICAL & PHARMA 144A REGS 01/29/2020 0.02%
CISCO SYSTEMS INC 02.5000 09/20/2026 0.02%
COMM 2013-CR11 XA IO 01.1005 08/10/2050 0.02%
CROWN CASTLE INTL CORP 03.6500 09/01/2027 0.02%
ENEL AMERICAS SA-ADR 0.02%
GSAA 2007-6 1A1 02.5244 05/25/2047 0.02%
NETFLIX INC P/P 144A 06.3750 05/15/2029 0.02%
PFIZER INC 03.0000 12/15/2026 0.02%
SG HOLDINGS CO LTD 0.02%
VERIZON COMM 04.6720 03/15/2055 0.02%
YUANTA FINANCIAL HOLDING CO 0.02%
ANHEUSER-BUSCH INBEV WOR 04.7500 01/23/2029 0.02%
AVAYA HOLDINGS CORP 0.02%
CNO FINANCIAL GROUP INC 05.2500 05/30/2029 0.02%
COLRUYT SA 0.02%
ESSEX PROPERTY TRUST INC 0.02%
FOX CORP P/P 144A 04.0300 01/25/2024 0.02%
NOBLE HLDG INTL LTD P/P 144A 07.8750 02/01/2026 0.02%
NRG ENERGY INC P/P 144A 05.2500 06/15/2029 0.02%
P/P 144A 06.8750 08/15/2026 0.02%
REGENCY ENERGY P 04.5000 11/01/2023 0.02%
REPUBLIC OF VENEZUELA REGS 08.2500 10/13/2024 0.02%
SABINE PASS LIQUEF 05.0000 03/15/2027 0.02%
SARTORIUS STEDIM BIOTECH 0.02%
SURGUTNEFTEGAS-PREFERENCE 0.02%
TRIPOD TECHNOLOGY CORP 0.02%
USA COMPRESSION PART 06.8750 04/01/2026 0.02%
VISTRA OPERATION P/P 144A 03.5500 07/15/2024 0.02%
VISTRA OPERATIONS CO P/P 144A 05.5000 09/01/2026 0.02%
VISTRA OPERATIONS CO P/P 144A 05.6250 02/15/2027 0.02%
ABC SUPPLY CO INC P/P 144A 05.7500 12/15/2023 0.02%
AES CORP/THE 04.5000 03/15/2023 0.02%
ALLIANT HOLD / CO-IS P/P 144A 08.2500 08/01/2023 0.02%
BAUSCH HLTH COS INC P/P 144A 07.2500 05/30/2029 0.02%
BOYD GAMING CORPORATION 06.0000 08/15/2026 0.02%
BP CAPITAL MARKETS PLC USD 01.7680 09/19/2019 0.02%
CENTENE ESCROW I CO P/P 144A 05.3750 06/01/2026 0.02%
CREDIT ACCEPTANC P/P 144A 06.6250 03/15/2026 0.02%
CROWN AMER/CAP 04.7500 02/01/2026 0.02%
DAELIM INDUSTRIAL CO LTD 0.02%
DENBURY RESOURCES IN P/P 144A 09.0000 05/15/2021 0.02%
ESH HOSPITALITY INC P/P 144A 05.2500 05/01/2025 0.02%
GARTNER INC P/P 144A 05.1250 04/01/2025 0.02%
GLADSTONE COMMERCIAL CORP 0.02%
GLOBALWAFERS CO LTD 0.02%
HOLOGIC INC P/P 144A 04.3750 10/15/2025 0.02%
INFOSYS LTD 0.02%
ISTAR INC 06.0000 04/01/2022 0.02%
KFC HLD/PIZZA HUT/TA P/P 144A 04.7500 06/01/2027 0.02%
LEVEL 3 FINANCING INC 05.6250 02/01/2023 0.02%
MOLINA HEALTHCARE IN P/P 144A 04.8750 06/15/2025 0.02%
S&P GLOBAL INC 04.4000 02/15/2026 0.02%
SERVICE CORPORATION INTL 04.6250 12/15/2027 0.02%
SWISS LIFE HOLDING AG-REG 0.02%
TENET HEALTHCARE 04.6250 07/15/2024 0.02%
TENET HEALTHCARE P/P 144A 06.2500 02/01/2027 0.02%
WELLCARE HEALTH PLANS 05.2500 04/01/2025 0.02%
ANHEUSER-BUSCH INBEV WOR 05.5500 01/23/2049 0.02%
ANTERO RESOURCES 05.3750 11/01/2021 0.02%
BEACON ROOFING SUPP P/P 144A 04.8750 11/01/2025 0.02%
BERKELEY GROUP HOLDINGS/THE 0.02%
DASSAULT AVIATION SA 0.02%
DISH NETWORK CV 03.3750 08/15/2026 0.02%
ESSITY AKTIEBOLAG-B 0.02%
FORMOSA CHEMICALS & FIBRE 0.02%
INDUSTRIAL BANK OF KOREA 0.02%
IOS.FN30.350.14 R USL1M P 01/12/45 CS 0.02%
L3 TECHNOLOGIES INC 04.4000 06/15/2028 0.02%
MALLINCKRODT FIN/SB P/P 144A 05.5000 04/15/2025 0.02%
MERCER INTL INC USD 05.5000 01/15/2026 0.02%
MIDAMERICAN FUNDING LLC 06.9270 03/01/2029 0.02%
MLMI 2005-A2 A2 04.4525 02/25/2035 0.02%
NATIONSTAR MORT/ 06.5000 07/01/2021 0.02%
NINE ENERGY SERVICE P/P 144A 08.7500 11/01/2023 0.02%
OASIS PETROLEUM INC P/P 144A 06.2500 05/01/2026 0.02%
PARK-OHIO INDUSTRIES INC 06.6250 04/15/2027 0.02%
ROSE ROCK MIDSTREAM/ 05.6250 07/15/2022 0.02%
TRANSOCEAN SENTR P/P 144A 05.3750 05/15/2023 0.02%
VERMILION ENERGY INC P/P 144A 05.6250 03/15/2025 0.02%
WALGREENS BOOTS ALLIANCE 03.3000 11/18/2021 0.02%
WANT WANT CHINA HOLDINGS LTD 0.02%
AT&T INC 02.9500 07/15/2026 0.02%
CHS/COMMUNITY HEALTH P/P 144A 08.0000 03/15/2026 0.02%
CIA CERVECERIAS UNI-SPON ADR 0.02%
ENERGY TRANSFER OPERATNG 05.2000 02/01/2022 0.02%
HSBC HOLDINGS PLC 0.02%
KEURIG DR PEPPER INC 04.4170 05/25/2025 0.02%
KINDER MORGAN ENER PART 05.4000 09/01/2044 0.02%
PETROBRAS GLOBAL FINANCE USD 06.1250 01/17/2022 0.02%
SHIRE ACQ INV IRELAND DA USD 02.8750 09/23/2023 0.02%
SM ENERGY CO 06.1250 11/15/2022 0.02%
WESTROCK MWV LLC 07.9500 02/15/2031 0.02%
WHITING PETROLEUM CORP 06.6250 01/15/2026 0.02%
ASCENT RESOURCES/AR P/P 144A 07.0000 11/01/2026 0.02%
CHESAPEAKE ENERGY CORP 08.0000 06/15/2027 0.02%
FREEPORT-MCMORAN INC 05.4500 03/15/2043 0.02%
NUTRIEN LTD USD 04.1250 03/15/2035 0.02%
OTP BANK RT 0.02%
POWSZECHNY ZAKLAD UBEZPIECZE 0.02%
VERIZON COMMUNICATIONS 04.4000 11/01/2034 0.02%
ANHEUSER-BUSCH INBEV WOR 04.1500 01/23/2025 0.02%
IHEARTCOMMUNICATIONS INC 06.3750 05/01/2026 0.02%
JO-ANN STORES TL L+500 07.5915 10/16/2023 0.02%
NASPERS LTD-N SHS 0.02%
SK TELECOM 0.02%
APPLE INC 04.2500 02/09/2047 0.02%
BANK OF AMERICA CORP 06.5000 10/29/2049 0.02%
BANK OF CHINA LTD-H 0.02%
BAUSCH HLTH COS INC P/P 144A 05.7500 08/15/2027 0.02%
BOMBARDIER INC P/P 144A 08.7500 12/01/2021 0.02%
CAS 2019-R02 1M2 04.7044 08/25/2031 0.02%
CITIGROUP INC 03.8870 01/10/2028 0.02%
JOSEPH T RYERSON & S P/P 144A 11.0000 05/15/2022 0.02%
LENNAR CORP 05.8750 11/15/2024 0.02%
MSBAM 2013-C12 XA IO 00.7713 10/15/2046 0.02%
NRG ENERGY INC 05.7500 01/15/2028 0.02%
PETROLEOS DE VEN P/P 144A 06.0000 11/15/2026 0.02%
S&P GLOBAL INC 02.9500 01/22/2027 0.02%
SHERWIN-WILLIAMS CO 03.4500 06/01/2027 0.02%
SPRINGLEAF FINANCE CORP 07.1250 03/15/2026 0.02%
TARGA RESOURCES PART P/P 144A 06.5000 07/15/2027 0.02%
TRANSOCEAN POSEIDON P/P 144A 06.8750 02/01/2027 0.02%
VIPSHOP HOLDINGS LTD - ADR 0.02%
WELLCARE HLTH PLANS P/P 144A 05.3750 08/15/2026 0.02%
ZEKELMAN IND INC P/P 144A 09.8750 06/15/2023 0.02%
AMERICAN TOWER CORP 03.1250 01/15/2027 0.02%
AMSTED INDUSTRIES P/P 144A 05.6250 07/01/2027 0.02%
APPLE INC 02.0000 05/06/2020 0.02%
BAUSCH HLTH COS INC P/P 144A 05.5000 11/01/2025 0.02%
BOLIDEN AB 0.02%
BWAY HOLDING CO P/P 144A 05.5000 04/15/2024 0.02%
CALPINE CORP P/P 144A 05.8750 01/15/2024 0.02%
CENTENE CORP 04.7500 05/15/2022 0.02%
CLEAN HARBORS INC P/P 144A 04.8750 07/15/2027 0.02%
COMMSCOPE INC P/P 144A 06.0000 03/01/2026 0.02%
CREDIT ACCEPTANC 07.3750 03/15/2023 0.02%
ELDORADO RESORTS INC 07.0000 08/01/2023 0.02%
ELECTRICITY GEN PUB CO-FOR R 0.02%
ENERGIZER HLDG INC P/P 144A 06.3750 07/15/2026 0.02%
FIFTH THIRD BANCORP 05.1000 12/29/2049 0.02%
HYUNDAI MOBIS CO LTD 0.02%
ICAHN ENTERPRISES/FI 05.8750 02/01/2022 0.02%
INFOR US INC 06.5000 05/15/2022 0.02%
JOHNSON CONTROLS INTL PL 04.5000 02/15/2047 0.02%
KFC HLD/PIZZA HUT/TA P/P 144A 05.0000 06/01/2024 0.02%
KKR GROUP FIN CO III P/P 144A 05.1250 06/01/2044 0.02%
KOREA ZINC CO LTD 0.02%
MGM GROWTH/MGM FINANCE 04.5000 01/15/2028 0.02%
STEEL DYNAMICS INC 05.0000 12/15/2026 0.02%
VISTRA OPERATION P/P 144A 05.0000 07/31/2027 0.02%
WMG ACQUISITION CORP P/P 144A 05.0000 08/01/2023 0.02%
WPX ENERGY INC 05.7500 06/01/2026 0.02%
ALIMENTATION COUCHE-TARD 3.550000 07/26/2027 0.02%
ANHEUSER-BUSCH CO/IN 03.6500 02/01/2026 0.02%
CALIFORNIA RESOURCES 05.0000 01/15/2020 0.02%
COX COMM INC P/P 144A 03.5000 08/15/2027 0.02%
CROWN CASTLE INTL CORP 03.8000 02/15/2028 0.02%
EMPIRE STATE REALTY TRUST-A 0.02%
GLOW ENERGY PCL - FOREIGN 0.02%
MITSUBISHI UFJ LEASE & FINAN 0.02%
RHB BANK BHD 0.02%
SABINE PASS LIQUEFACTION 04.2000 03/15/2028 0.02%
SESI LLC 07.1250 12/15/2021 0.02%
TOWNSQUARE MEDIA INC P/P 144A 06.5000 04/01/2023 0.02%
TRONOX FINANCE PLC P/P 144A 05.7500 10/01/2025 0.02%
VERTIV GROUP CORP P/P 144A 09.2500 10/15/2024 0.02%
VERTIV INT HOLD CORP P/P 144A 12.0000 02/15/2022 0.02%
BROTHER INDUSTRIES LTD 0.02%
CBS CORP 04.6000 01/15/2045 0.02%
CELANESE US HOLDINGS LLC 03.5000 05/08/2024 0.02%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CS 0.02%
HAIER ELECTRONICS GROUP CO 0.02%
HM SAMPOERNA TBK PT 0.02%
INTER RAO UES PJSC 0.02%
INTERNATIONAL PAPER CO 03.0000 02/15/2027 0.02%
MMC NORILSK NICKEL PJSC-ADR 0.02%
PINNACLE WEST CAPITAL 0.02%
REPUBLIC OF VENEZUELA REGS 09.0000 05/07/2023 0.02%
SM ENERGY CO 06.6250 01/15/2027 0.02%
TCI CO LTD 0.02%
TEKFEN HOLDING AS 0.02%
TISCO FINANCIAL-FOREIGN 0.02%
WESFARMERS LTD 0.02%
ALLERGAN FUNDING SCS USD 03.4500 03/15/2022 0.01%
AT&T INC 04.3500 03/01/2029 0.01%
BANCO DE CHILE-ADR 0.01%
DENBURY RESOURCES P/P 144A 07.7500 02/15/2024 0.01%
DEUTSCHE TELEKOM INT FIN USD 08.7500 06/15/2030 0.01%
FRAC TECH INTL TLB L+475 06.0000 04/16/2021 0.01%
FREEDOM MTGE CORP P/P 144A 08.2500 04/15/2025 0.01%
GENTING BHD 0.01%
HCA INC 05.5000 06/15/2047 0.01%
LEGRAND FRANCE USD 08.5000 02/15/2025 0.01%
LOGAN PROPERTY HOLDINGS CO L 0.01%
WASTE MANAGEMENT INC. 04.7500 06/30/2020 0.01%
ALLERGAN FUNDING SCS USD 03.8000 03/15/2025 0.01%
CPURNSA R 1.858 P 04/07/26 0.01%
DIAMOND 1 FIN/DIAMON P/P 144A 08.3500 07/15/2046 0.01%
FIDELITY NATIONAL INFORM 04.2500 05/15/2028 0.01%
GENERAL MOTORS FINL CO 04.3000 07/13/2025 0.01%
GLENCORE PLC 0.01%
GRUPO AEROPORTUARIO DEL CENT 0.01%
MICROSOFT CORP 03.7000 08/08/2046 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%
SEAZEN HOLDINGS CO 144A/REGS WARRANT 04/17/2020 0.01%
SEVERSTAL PJSC 0.01%
SHINSEGAE INTERNATIONAL INC 0.01%
ABC SUPPLY CO INC P/P 144A 05.8750 05/15/2026 0.01%
BANK OF AMERICA CORP 02.1510 11/09/2020 0.01%
BAUSCH HLTH COS INC P/P 144A 07.0000 01/15/2028 0.01%
BERRY GLOBAL ESCR P/P 144A 05.6250 07/15/2027 0.01%
BRISTOL-MYERS P/P 144A 03.4000 07/26/2029 0.01%
CAS 2015-C02 1M2 06.4044 05/25/2025 0.01%
CAS 2016-C06 1M2 06.6544 04/25/2029 0.01%
CDX CDX.NA.IG.32 100.0 06/20/2024 0.01%
ENERGY TRANSFER OPERATNG 05.5000 06/01/2027 0.01%
EUTELSAT COMMUNICATIONS 0.01%
GO DADDY OPCO/FINCO P/P 144A 05.2500 12/01/2027 0.01%
LIONS GATE CAP HOLD P/P 144A 06.3750 02/01/2024 0.01%
NETFLIX INC. 05.8750 11/15/2028 0.01%
NEXTERA ENERGY CAPITAL 04.8000 12/01/2077 0.01%
QUEBECOR MEDIA INC USD 05.7500 01/15/2023 0.01%
SPRINGLEAF FINANCE CORP 06.6250 01/15/2028 0.01%
T-MOBILE USA INC 06.3750 03/01/2025 0.01%
TARGA RESOURCES PART P/P 144A 06.8750 01/15/2029 0.01%
THE SHERWIN-WILLIAMS COMPANY 02.7500 06/01/2022 0.01%
USA COM PART/USA COM P/P 144A 06.8750 09/01/2027 0.01%
CAS 2018-C01 1M2 04.6544 07/25/2030 0.01%
CLEAN HARBORS INC P/P 144A 05.1250 07/15/2029 0.01%
COMMSCOPE INC P/P 144A 05.5000 03/01/2024 0.01%
CPG INTL TL L+375 05.9332 05/05/2024 0.01%
ICAHN ENTER/FIN P/P 144A 06.2500 05/15/2026 0.01%
IRON MOUNTAIN INC P/P 144A 05.2500 03/15/2028 0.01%
LG CORP 0.01%
LIVE NATION ENT P/P 144A 04.8750 11/01/2024 0.01%
NATIONSTAR MTG P/P 144A 09.1250 07/15/2026 0.01%
NEXSTAR ESCROW INC P/P 144A 05.6250 07/15/2027 0.01%
PENSKE AUTOMOTIVE GROUP 05.3750 12/01/2024 0.01%
PETROLEOS MEXICANOS USD 06.3750 01/23/2045 0.01%
SINCLAIR TELEVISION P/P 144A 05.6250 08/01/2024 0.01%
SWIRE PROPERTIES LTD 0.01%
TRIBUNE MEDIA CO 05.8750 07/15/2022 0.01%
WMG ACQUISITION CORP P/P 144A 05.5000 04/15/2026 0.01%
AIRASIA GROUP BHD 0.01%
ALEXANDER S INC 0.01%
AMC ENT HOLDIN 05.8750 11/15/2026 0.01%
CHAROEN POKPHAND FOOD-FORGN 0.01%
CHINA RAILWAY GROUP LTD-H 0.01%
INDOFOOD SUKSES MAKMUR TBK P 0.01%
IPSEN 0.01%
MIRVAC GROUP 0.01%
NOVOLIPETSK STEEL PJSC-GDR 0.01%
RACKSPACE HOSTING INC L+300 05.5755 11/03/2023 0.01%
REALOGY GRP / CO P/P 144A 09.3750 04/01/2027 0.01%
UNITED TRACTORS TBK PT 0.01%
WPX ENERGY INC 06.0000 01/15/2022 0.01%
ANTOFAGASTA PLC 0.01%
CALIFORNIA RESOURCES P/P 144A 08.0000 12/15/2022 0.01%
CHINA ORIENTAL GROUP CO LTD 0.01%
ENERGY TRANSFER OPERATNG 06.1250 12/15/2045 0.01%
FIDELITY NATIONAL INFORM 03.0000 08/15/2026 0.01%
FORD OTOMOTIV 0.01%
IOS.FN30.350.12 R USL1M P 01/12/43 BC 0.01%
KERRY PROPERTIES LTD 0.01%
KT CORP 0.01%
NOK/USD 09/18/2019 SSBT 0.01%
NUTRIEN LTD USD 05.2500 01/15/2045 0.01%
THE BANK OF NOVA SCOTIA USD 02.7000 03/07/2022 0.01%
AUD/JPY PUT 73.00 20190917 HSBCB 0.01%
BANK OF MONTREAL USD 03.8030 12/15/2032 0.01%
BMW US CAPITAL LLC P/P 144A 03.4000 08/13/2021 0.01%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 JP 0.01%
FORMOSA PLASTICS CORP 0.01%
GENTING MALAYSIA BHD 0.01%
HOSPITALITY PROPERTIES T 04.5000 03/15/2025 0.01%
ITAUSA-INVESTIMENTOS ITAU-PR 0.01%
LUKOIL PJSC-SPON ADR 0.01%
SAO MARTINHO SA 0.01%
VMWARE INC 03.9000 08/21/2027 0.01%
BERKSHIRE HATHAWAY ENERG 06.1250 04/01/2036 0.01%
CBS CORP 04.0000 01/15/2026 0.01%
CHINA CONSTRUCTION BANK-H 0.01%
HANNSTAR DISPLAY CORP 0.01%
HCP INC 0.01%
JASTRZEBSKA SPOLKA WEGLOWA S 0.01%
JPMORGAN CHASE & CO 06.1000 02/01/2049 0.01%
KONINKLIJKE PHILIPS NV 0.01%
KOREA INVESTMENT HOLDINGS CO 0.01%
NOK/USD 09/18/2019 JPMCB 0.01%
POU CHEN 0.01%
SENIOR HOUSING PROP TRUST 0.01%
SESI LLC 07.7500 09/15/2024 0.01%
TIANNENG POWER INTL LTD 0.01%
ZHEJIANG EXPRESSWAY CO-H 0.01%
ALLEGHENY TECHNOLOGIES 05.9500 01/15/2021 0.01%
ARCELORMITTAL USD 06.1250 06/01/2025 0.01%
ASTRAL FOODS LTD 0.01%
BGC PARTNERS INC 05.1250 05/27/2021 0.01%
BUILDERS FIRSTSOURCE P/P 144A 06.7500 06/01/2027 0.01%
COMCAST CORP 03.1500 03/01/2026 0.01%
CROWN CASTLE INTL CORP 04.8750 04/15/2022 0.01%
EAGLE HLDG CO II LLC P/P 144A 07.7500 05/15/2022 0.01%
EL PUERTO DE LIVERPOOL-C1 0.01%
ELDORADO RESORTS INC 06.0000 09/15/2026 0.01%
ENEL CHILE SA-ADR 0.01%
ENERGIZER HLDG INC P/P 144A 07.7500 01/15/2027 0.01%
ENRGY TRANS PT/REG FIN 05.8750 03/01/2022 0.01%
EOG RESOURCES INC 04.1500 01/15/2026 0.01%
FIRSTRAND LTD 0.01%
GENERAL MOTORS FINL CO 04.0000 01/15/2025 0.01%
IAA INC P/P 144A 05.5000 06/15/2027 0.01%
NOK/USD 09/18/2019 RBSF 0.01%
NRG ENERGY INC. 07.2500 05/15/2026 0.01%
OIL & NATURAL GAS CORP LTD 0.01%
PANTHER BF AGGREGA P/P 144A 06.2500 05/15/2026 0.01%
PETROBRAS GLOBAL FIN USD 05.2990 01/27/2025 0.01%
PULTEGROUP INC 05.5000 03/01/2026 0.01%
TOTAL SYSTEM SERVICES IN 04.0000 06/01/2023 0.01%
TRANSDIGM INC 06.5000 05/15/2025 0.01%
UNITED TECHNOLOGIES CORP 04.1250 11/16/2028 0.01%
AGL ENERGY LTD 0.00%
ALEXANDRIA REAL ESTATE EQUIT 0.00%
ANTERO RESOURCES CORP 05.0000 03/01/2025 0.00%
CHESAPEAKE ENERGY CORP 05.7500 03/15/2023 0.00%
COMCAST CORP 02.3500 01/15/2027 0.00%
KANSAI ELECTRIC POWER CO INC 0.00%
MONMOUTH REAL ESTATE INV COR 0.00%
ROSE ROCK MIDSTREAM/ 05.6250 11/15/2023 0.00%
THANACHART CAPITAL-FOREIGN 0.00%
2.25 R ISWP FWD US0003M P 09/18/2049 0.00%
ADVANZ PHARMA CORP 0.00%
ATACADAO SA 0.00%
CAD/USD 07/17/2019 WPAC 0.00%
CLEVELAND-CLIFFS INC 05.7500 03/01/2025 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.00%
CONSOLIDATED EDISON INC 02.0000 03/15/2020 0.00%
ESTACIO PARTICIPACOES SA 0.00%
LOJAS RENNER S.A. 0.00%
MANILA ELECTRIC COMPANY 0.00%
NOK/USD 09/18/2019 BCAP-FX 0.00%
NOK/USD 09/18/2019 GSFX 0.00%
CAD/USD 07/17/2019 JPMCB 0.00%
ASTRO MALAYSIA 0.00%
BMW US CAPITAL LLC P/P 144A 03.9500 08/14/2028 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 MS 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CG 0.00%
CMB CMBX.NA.BB.9 2058-09-17 500.0 09/17/2058 CS 0.00%
EUR/USD 09/18/2019 SSBT 0.00%
GBP/USD 09/18/2019 BANKAM 0.00%
INCEPTION MRGR/RACK P/P 144A 08.6250 11/15/2024 0.00%
NINE POINT ENERGY CNV PRF 0.00%
TRANSOCEAN INC P/P 144A 09.0000 07/15/2023 0.00%
CHS/COMMUNITY HEALT P/P 144A 08.1250 06/30/2024 0.00%
CMB CMBX.NA.A.6 2063-05-11 200.0 05/11/2063 JP 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.BB.10 2059-11-17 500.0 11/17/2059 CG 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 CS 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 CS 0.00%
CMB CMBX.NA.BB.11 2054-11-18 500.0 11/18/2054 CG 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 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 ML 0.00%
IDR/USD 11/20/2019 HSBCB 0.00%
INNOLUX CORP 0.00%
INR/USD 11/20/2019 GSFX 0.00%
INR/USD 11/20/2019 RBSF 0.00%
MITSUBISHI GAS CHEMICAL CO 0.00%
NINE POINT ENERGY COM 0.00%
NZD/USD 07/17/2019 SSBT 0.00%
1.70 R ISWP FWD US0003M P 09/18/2021 0.00%
AUD/USD 07/17/2019 WPAC 0.00%
AVAYA INC ESCROW P/P 144A 07.0000 04/01/2020 0.00%
BRL/USD 10/02/2019 CITI 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 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.BB.10 2059-11-17 500.0 11/17/2059 CG 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 CS 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 ML 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 ML 0.00%
CMB CMBX.NA.BB.10 2059-11-17 500.0 11/17/2059 MS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 CG 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 GS 0.00%
CMB CMBX.NA.BB.7 2047-01-17 500.0 01/17/2047 ML 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 GS 0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS 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%
ESC SEVENTYSEVENERG 06.5000 07/15/2022 0.00%
EUR/USD 09/18/2019 CITI 0.00%
EUR/USD 09/18/2019 CSI-FX 0.00%
GBP/USD 09/18/2019 BCAP-FX 0.00%
GBP/USD 09/18/2019 SSBT 0.00%
ILS/USD 07/17/2019 SSBT 0.00%
KEANE GROUP TLB L+375 06.3125 05/25/2025 0.00%
KRW/USD 11/20/2019 GSFX 0.00%
KRW/USD 11/20/2019 HSBCB 0.00%
MXN/USD 10/16/2019 BANKAM 0.00%
RUB/USD 09/18/2019 GSFX 0.00%
SEK/USD 09/18/2019 RBSF 0.00%
TERVITA CORP 0.00%
TWD/USD 08/21/2019 GSFX 0.00%
TWD/USD 08/21/2019 RBSF 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 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 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%
DKK/USD 09/18/2019 CITI -0.00%
HKD/USD 08/21/2019 BCAP-FX -0.00%
SGD/USD 08/21/2019 JPMCB -0.00%
CAD/USD 07/17/2019 BCAP-FX -0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.00%
NZD/USD 07/17/2019 BCAP-FX -0.00%
SEK/USD 09/18/2019 GSFX -0.00%
AUD/JPY PUT 69.00 20190917 HSBCB -0.00%
CAD/USD 07/17/2019 CITI -0.00%
CAD/USD 07/17/2019 RBSF -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 MS -0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.00%
EUR/USD 09/18/2019 GSFX -0.00%
EUR/USD 09/18/2019 RBSF -0.00%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.00%
EUR/USD 09/18/2019 BCAP-FX -0.00%
NZD/USD 07/17/2019 CITI -0.00%
AUD/USD 07/17/2019 GSFX -0.00%
CMB CMBX.NA.BB.6 2063-05-11 500.0 05/11/2063 CG -0.00%
SEK/USD 09/18/2019 JPMCB -0.00%
NZD/USD 07/17/2019 JPMCB -0.01%
SEK/USD 09/18/2019 SSBT -0.01%
JPY/USD 08/21/2019 RBSF -0.01%
JPY/USD 08/21/2019 SSBT -0.01%
NZD/USD 07/17/2019 GSFX -0.01%
1.80 R ISWP FWD US0003M P 09/18/2024 -0.01%
CHF/USD 09/18/2019 JPMCB -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 JP -0.01%
CMB CMBX.NA.BBB-.6 2063-05-11 300.0 05/11/2063 GS -0.01%
AUD/USD 07/17/2019 CSI-FX -0.01%
JPY/USD 08/21/2019 BANKAM -0.01%
AUD/USD 07/17/2019 HSBCB -0.01%
JPY/USD 08/21/2019 UBS -0.01%
SPY 20190712 C 300.00JPMCB -0.01%
EUR/USD 09/18/2019 BANKAM -0.02%
AUD/USD 07/17/2019 BANKAM -0.02%
CPURNSA R 1.92 P 08/07/25 -0.02%
JPY/USD 08/21/2019 CITI -0.02%
EUR/USD 09/18/2019 HSBCB -0.02%
JPY/USD 08/21/2019 WPAC -0.02%
JPY/USD 08/21/2019 HSBCB -0.02%
CPURNSA R 2.138 P 03/07/29 -0.03%
CPURNSA R 2.099 P 02/07/29 -0.03%
JPY/USD 08/21/2019 GSFX -0.04%
CPURNSA R 2.3075 P 04/06/28 -0.07%
CPURNSA R 2.1438 P 11/07/27 -0.08%
CPURNSA R 2.5925 P 09/10/22 -0.09%
SPY 20190628 C 288.50BANKAM -0.09%
CPURNSA R 2.308 P 12/05/26 -0.09%
CPURNSA R 2.3875 P 07/09/28 -0.10%
CDX CDX.NA.HY.32 500.0 06/20/2024 -0.19%
CPURNSA R 2.5325 P 08/08/22 -0.19%
CDX CDX.EM.31 100.0 06/20/2024 -0.19%
IOS.FN30.400.10 P USL1M R 01/12/41 JP -0.27%
CPURNSA R 2.356 P 07/02/28 -0.33%
CPURNSA R 2.76 P 01/09/23 -0.39%
S&P500 EMINI FUT SEP19 ESU9 -3.93%
RU10INTR P US0003M R 11/26/19 CI -4.17%
RU10INTR P US0003M R 06/20/23 BA -14.65%
US 10YR NOTE (CBT)SEP19 TYU9 -28.07%

Prior top 10 holdings

Top 10 holdings as of 07/31/19
Fnma Fn30 Tba Umbs 04.0000 08/01/2049
S&P Gsci Tot Return 3x 144a Note 01/27/2020
Gnma Gii30 Tba 03.5000 08/01/2049
Fnma Fn30 Tba Umbs 06.0000 08/01/2049
Fnma Fn15 Tba Umbs 03.0000 08/01/2034
S&P Gsci 3 Month Forward Index TR 3X Note 10/7/2019
Fnma Fn30 Tba Umbs 03.0000 08/01/2049
JPMorgan Chase
Alphabet
Walt Disney
Holdings represent 15.22% of portfolio
Top 10 holdings as of 06/30/19
S&P Gsci Tot Return 3x 144a Note 01/27/2020
Fnma Fn30 Tba Umbs 04.0000 07/01/2049
Gnma Gii30 Tba 03.5000 07/01/2049
Fnma Fn30 Tba Umbs 06.0000 08/01/2049
S&P Gsci 3 Month Forward Index TR 3X Note 10/7/2019
Fnma Fn30 Tba Umbs 04.0000 08/01/2049
Fnma Fn15 Tba Umbs 03.0000 07/01/2034
Fnma Fn30 Tba Umbs 03.0000 08/01/2049
Walt Disney
JPMorgan Chase
Holdings represent 15.85% of portfolio
Top 10 holdings as of 05/31/19
S&P Gsci Tot Return 3x 144a Note 01/27/2020
Fnma Fn30 Tba Umbs 04.0000 07/01/2049
Gnma Gii30 Tba 03.5000 06/01/2049
Umbs Fn30 Tba 06.0000 06/01/2049
Umbs Fn30 Tba 04.0000 06/01/2049
Umbs Fn15 Tba 03.0000 06/01/2034
Umbs Fn30 Tba 03.0000 06/01/2049
S&P Gsci 3 Month Forward Index TR 3X Note 10/7/2019
Walt Disney
JPMorgan Chase
Holdings represent 16.59% of portfolio
Top 10 holdings as of 04/30/19
S&P Gsci Tot Return 3x 144a Note 01/27/2020
Umbs Fn30 Tba 04.0000 06/01/2049
Gnma Gii30 Tba 03.5000 05/01/2049
Umbs Fn30 Tba 03.0000 05/01/2049
S&P Gsci 3 Month Forward Index TR 3X Note 10/7/2019
Umbs Fn30 Tba 06.0000 06/01/2049
Umbs Fn15 Tba 03.0000 05/01/2034
JPMorgan Chase
Walt Disney
Alphabet
Holdings represent 19.65% of portfolio

Portfolio composition as of 07/31/19

U.S. TIPS 30.10%
U.S. Equity 28.05%
International bonds 24.96%
Commodities 11.96%
U.S. High-yield bonds 11.34%
International equity 9.95%
Emerging-market bonds 5.02%
Emerging-markets equity 4.73%
Real estate investment trust 3.61%
U.S. Investment-grade bonds -10.97%
U.S. money markets -18.76%

Fixed income statistics as of 07/31/19

Average effective maturity 5.55 yrs.
Average effective duration 4.27 yrs.

Fund characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: 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. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. International investing involves currency, economic, and political risks. 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: 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. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, asset class, geography, industry or sector. International investing involves currency, economic, and political risks. 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.