Fund Facts  

Inception Date: Oct 30, 2007
CUSIP: 92210J465
Morningstar Category:Small Blend

Documents for Fund or Underlying Fund(s)  

Description

Objective  

Long-term capital growth.

Principal Investment Strategies  

The Fund invests substantially all of its assets in a single underlying VT III Vantagepoint Fund. The underlying fund invests, under normal circumstances, primarily in a combination of common stocks of U.S. small-capitalization companies, Russell 2000® Index futures contracts, and U.S. and foreign fixed income securities. Its subadvisers select stocks that they believe have above average potential for growth and that generally have market capitalizations that fall within the range of companies in the Russell 2000® Index. The underlying fund’s U.S. and foreign fixed income securities (1) are held, in part, as collateral in conjunction with its use of futures contracts; (2) may include government and agency securities, corporate bonds, mortgage-backed securities, asset-backed securities, and municipal securities; and (3) at all times have a portfolio effective duration no greater than three years. In addition to using Russell 2000® Index futures contracts, the underlying fund’s subadvisers also may use other derivative instruments. The underlying fund also may invest in foreign equity securities (including those of issuers located in emerging market countries), U.S. preferred stock, and U.S. and foreign convertible stock.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. The Fund’s principal investment risks include Stock Market Risk, Small-Cap Securities Risk, Preferred Stock Risk, Foreign Securities Risk, Foreign Currency Risk, Convertible Securities Risk, High Yield Securities Risk, Municipal Securities Risk, Derivative Instruments Risk, Interest Rate Risk, Credit Risk, Call Risk, Mortgage-Backed Securities Risk, Asset-Backed Securities Risk, U.S. Government Agency Securities Risk, Portfolio Turnover Risk, Multi-Manager Risk, Large Investor Risk.
Please see the Disclosure Memorandum for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
VT Vantagepoint Discovery   5.38%12.03%20.91%10.30%12.91%N/A7.21%
Russell 2000 Indexa,b5.67%10.94%20.74%12.18%13.79%7.85%N/A
Morningstar Small Blenda,c5.10%8.45%18.91%10.01%12.83%7.19%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Total Expenses d
Gross Expenses0.74%
Net Expenses0.74%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000® Index is a subset of the Russell 3000® Index, and includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. VantageTrust Funds invest either in collective investment funds or underlying registered funds. Please refer to the underlying fund's disclosure documents for additional information on fund fees and expenses.

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2017
Period Stars Category Size
Overall 3 Stars653
3-Year 3 Stars653
5-Year 3 Stars554
10-Year N/A N/A

The Morningstar Rating™ 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.

Morningstar Stylebox As of Sep 30, 2017
Equity Stylebox Fixed Income Stylebox
Small BlendMedium Limited
 

Statistics

Portfolio Statistics As of Sep 30, 2017
Statistic3-Year5-Year
Beta0.950.96
Alpha-1.15-0.33
Standard Deviation13.8513.62
 
 

Underlying Fund Characteristics

Top Ten Holdings As of Aug 31, 2017
Holding NamePercent
RUSSELL 2000 MINI EQUITY INDEX SEP17 (RTAU7)68.1%
UNITED STATES TREASURY NOTE/BOND 1.25% 06/30/20196.2%
UNITED STATES TREASURY NOTE/BOND 0.75% 07/15/20192.3%
US 2YR NOTE (CBT) BOND DEC17 (TUZ7) COMDTY1.8%
UNITED STATES TREASURY NOTE/BOND 1.25% 04/30/20191.8%
USD1.7%
BLACKROCK TEMP FUND1.5%
FIDELITY INSTITUTIONAL MONEY MARKET1.5%
UNITED STATES TREASURY NOTE/BOND 1.5% 06/15/20201.0%
UNITED STATES TREASURY NOTE/BOND 1.375% 07/31/20190.8%
All Holdings As of Aug 31, 2017
Equity
Holding NameMarket Value
INSULET CORP$2,747,399
CLEAN HARBORS INC$2,224,019
HUBSPOT INC$2,201,234
PS BUSINESS PARKS INC$2,168,516
BROADSOFT INC$2,157,605
REXFORD INDUSTRIAL REALTY INC$2,148,184
2U INC$2,120,633
VONAGE HOLDINGS CORP$2,114,599
WESTERN ALLIANCE BANCORP$2,062,267
STERLING BANCORP/DE$2,046,654
NU SKIN ENTERPRISES INC$2,028,924
ENTEGRIS INC$2,028,721
NEW YORK TIMES CO/THE$2,027,647
LASALLE HOTEL PROPERTIES$1,982,712
TELEDYNE TECHNOLOGIES INC$1,950,330
FERRO CORP$1,947,176
AIR LEASE CORP$1,915,810
PATTERN ENERGY GROUP INC$1,915,375
HAEMONETICS CORP$1,904,065
WERNER ENTERPRISES INC$1,891,169
FCB FINANCIAL HOLDINGS INC$1,890,147
MB FINANCIAL INC$1,889,870
METHANEX CORP$1,880,480
KIRBY CORP$1,877,937
EHEALTH INC$1,853,025
BLACK HILLS CORP$1,852,402
TRINET GROUP INC$1,852,315
MGIC INVESTMENT CORP$1,839,649
TIMKEN CO/THE$1,838,312
ASSURED GUARANTY LTD$1,836,494
LIFEPOINT HEALTH INC$1,828,786
MIMEDX GROUP INC$1,818,791
MFA FINANCIAL INC$1,809,611
DECKERS OUTDOOR CORP$1,804,153
MOLINA HEALTHCARE INC$1,786,752
REDWOOD TRUST INC$1,780,540
PERFORMANCE FOOD GROUP CO$1,770,443
KEMPER CORP$1,768,755
DELEK US HOLDINGS INC$1,745,825
LINDBLAD EXPEDITIONS HOLDINGS INC$1,720,809
POLYONE CORP$1,710,795
FIRSTCASH INC$1,696,724
STATE BANK FINANCIAL CORP$1,694,557
CALLIDUS SOFTWARE INC$1,688,273
TRI POINTE GROUP INC$1,686,139
GATX CORP$1,680,247
TEXAS CAPITAL BANCSHARES INC$1,674,412
LIFE STORAGE INC$1,673,289
AMERIS BANCORP$1,654,959
SANDERSON FARMS INC$1,638,652
KINDRED HEALTHCARE INC$1,630,984
CAVIUM INC$1,630,739
TENNECO INC$1,622,585
CIENA CORP$1,622,068
ADVANCED DRAINAGE SYSTEMS INC$1,592,916
MOMENTA PHARMACEUTICALS INC$1,585,939
CHART INDUSTRIES INC$1,579,032
JOHN BEAN TECHNOLOGIES CORP$1,577,530
WATTS WATER TECHNOLOGIES INC$1,556,629
PACIFIC PREMIER BANCORP INC$1,546,697
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC$1,522,291
BLOOMIN BRANDS INC$1,501,864
OUTFRONT MEDIA INC$1,497,650
SOUTH STATE CORP$1,486,258
GLOBUS MEDICAL INC$1,465,822
CHICOS FAS INC$1,465,236
SYNERGY RESOURCES CORP$1,449,701
FIRST SOLAR INC$1,439,653
MASONITE INTERNATIONAL CORP$1,435,644
MINERALS TECHNOLOGIES INC$1,409,344
POTLATCH CORP$1,390,167
ACUSHNET HOLDINGS CORP$1,383,278
GRAPHIC PACKAGING HOLDING CO$1,315,453
KENNEDY-WILSON HOLDINGS INC$1,313,790
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC$1,313,328
CALLON PETROLEUM CO$1,295,487
WABASH NATIONAL CORP$1,290,817
ORION ENGINEERED CARBONS SA$1,277,100
HORACE MANN EDUCATORS CORP$1,267,017
SOLAR CAPITAL LTD$1,249,782
LA-Z-BOY INC$1,186,037
CARDTRONICS PLC$1,143,224
VERIFONE SYSTEMS INC$1,109,077
BLUEBIRD BIO INC$1,076,332
ZENDESK INC$1,042,241
ACACIA COMMUNICATIONS INC$976,600
CINEMARK HOLDINGS INC$970,936
COOPER TIRE & RUBBER CO$880,320
ADURO BIOTECH INC$833,405
BLUEPRINT MEDICINES CORP$832,657
SPIRIT AIRLINES INC$832,488
OCLARO INC$809,042
TELADOC INC$780,742
GLAUKOS CORP$773,875
JAMES RIVER GROUP HOLDINGS LTD$741,768
BANC OF CALIFORNIA INC$719,814
DERMIRA INC$688,828
ULTRAGENYX PHARMACEUTICAL INC$569,402
CHEESECAKE FACTORY INC/THE$562,702
MBIA INC$335,219
CLOUDERA INC$304,580
ESTERLINE TECHNOLOGIES CORP$222,040
NATIONAL CINEMEDIA INC$217,152
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 1.25% 06/30/2019$32,105,447
UNITED STATES TREASURY NOTE/BOND 0.75% 07/15/2019$11,592,359
UNITED STATES TREASURY NOTE/BOND 1.25% 04/30/2019$9,091,469
UNITED STATES TREASURY NOTE/BOND 1.5% 06/15/2020$5,113,148
UNITED STATES TREASURY NOTE/BOND 1.375% 07/31/2019$4,331,479
BPCE SA 2.082% 05/31/2022$3,674,078
ALLY AUTO RECEIVABLES TRUST 2017-4 1.75% 12/15/2021$3,626,927
DOMINOS PIZZA MASTER ISSUER LLC 0% 07/25/2047$3,605,114
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.974% 10/25/2029$3,391,561
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-4 4% 05/25/2057$3,311,881
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.97% 08/25/2029$3,173,075
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-3 4% 04/25/2057$3,055,828
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$2,937,051
BMW VEHICLE LEASE TRUST 1.98% 05/20/2020$2,814,911
COMMONBOND STUDENT LOAN TRUST 2017-A-GS 1.926% 05/25/2041$2,678,144
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-2 1.6% 04/15/2021$2,666,673
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.186% 10/25/2029$2,619,538
CHESAPEAKE FUNDING II LLC 1.91% 08/15/2029$2,613,560
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,539,400
ABN AMRO BANK NV 2.1% 01/18/2019$2,489,456
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 02/26/2019$2,487,988
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.127% 09/25/2029$2,463,206
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 08/28/2019$2,431,245
FEDERAL HOME LOAN MORTGAGE CORP 0.875% 07/19/2019$2,348,272
COLONY STARWOOD HOMES 2016-2 TRUST 2.022% 12/17/2033$2,318,528
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 1.34% 04/15/2022$2,289,730
UNITED STATES TREASURY NOTE/BOND 1% 09/15/2018$2,278,245
WELLS FARGO & CO 1.964% 02/11/2022$2,116,639
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$2,049,830
KUBOTA CREDIT OWNER TRUST 2017-1 2.36% 08/16/2021$2,045,631
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.465% 05/01/2042$2,041,034
CITIZENS BANK NA/PROVIDENCE RI 2.5% 03/14/2019$2,038,918
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$2,019,114
INTERNATIONAL LEASE FINANCE CORP 6.25% 05/15/2019$1,963,881
ROYAL BANK OF SCOTLAND GROUP PLC 2.652% 05/15/2023$1,927,442
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$1,923,081
VERIZON COMMUNICATIONS INC 4.5% 09/15/2020$1,921,499
ING BANK NV 2% 11/26/2018$1,891,191
WESTPAC BANKING CORP 2.15% 03/06/2020$1,875,263
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$1,860,715
BECTON DICKINSON AND CO 0% 06/06/2022$1,852,546
PRESTIGE AUTO RECEIVABLES TRUST 2016-1 1.99% 06/15/2020$1,844,619
UBS GROUP FUNDING SWITZERLAND AG 2.376% 05/23/2023$1,838,192
MITSUBISHI UFJ FINANCIAL GROUP INC 1.97% 02/22/2022$1,834,576
SABINE PASS LIQUEFACTION LLC 5.625% 02/01/2021$1,830,920
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,821,231
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$1,819,936
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.4% 02/21/2020$1,815,083
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$1,812,387
GOLDMAN SACHS GROUP INC/THE 2.6% 12/27/2020$1,808,420
ENLINK MIDSTREAM PARTNERS LP 2.7% 04/01/2019$1,803,131
BAT CAPITAL CORP 2.297% 08/14/2020$1,799,425
ATHENE GLOBAL FUNDING 0% 07/01/2022$1,798,652
VERIZON COMMUNICATIONS INC 1.722% 05/22/2020$1,796,744
CENOVUS ENERGY INC 5.7% 10/15/2019$1,787,759
GENERAL MOTORS FINANCIAL CO INC 2.085% 04/13/2020$1,783,834
PHILIP MORRIS INTERNATIONAL INC 1.625% 02/21/2019$1,773,891
BANK OF AMERICA CORP 2.153% 04/24/2023$1,772,413
DXC TECHNOLOGY CO 2.264% 03/01/2021$1,736,125
KINDER MORGAN INC/DE 3.05% 12/01/2019$1,727,967
SINOPEC GROUP OVERSEAS DEVELOPMENT 2017 LTD 2.375% 04/12/2020$1,711,672
ARES CAPITAL CORP 3.625% 01/19/2022$1,705,558
HUSKY ENERGY INC 7.25% 12/15/2019$1,665,350
BANK OF AMERICA CORP 2.6% 01/15/2019$1,616,782
MORGAN STANLEY 2.243% 07/22/2022$1,568,875
CITIBANK NA 2% 03/20/2019$1,558,113
HSBC USA INC 2.375% 11/13/2019$1,515,586
JPMORGAN CHASE & CO 6.3% 04/23/2019$1,501,577
BECTON DICKINSON AND CO 2.133% 06/06/2019$1,491,052
JPMORGAN CHASE & CO 1% 06/01/2021$1,490,768
MIZUHO FINANCIAL GROUP INC 1.994% 02/28/2022$1,481,720
BANQUE FEDERATIVE DU CREDIT MUTUEL SA 2.2% 07/20/2020$1,468,693
MORGAN STANLEY 2.21% 01/20/2022$1,453,637
JP MORGAN MORTGAGE TRUST 2017-1 3.5% 01/25/2047$1,425,891
SMITHFIELD FOODS INC 2.7% 01/31/2020$1,421,318
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.678% 07/25/2028$1,409,702
NEWELL BRANDS INC 2.15% 10/15/2018$1,405,504
ACTAVIS FUNDING SCS 3% 03/12/2020$1,383,546
AMERICAN EXPRESS CREDIT CORP 2.2% 03/03/2020$1,352,030
CARDINAL HEALTH INC 1.95% 06/15/2018$1,303,701
FEDERAL HOME LOAN MORTGAGE CORP 1.125% 04/15/2019$1,295,951
CITIGROUP INC 2.45% 01/10/2020$1,281,756
AMGEN INC 1.9% 05/10/2019$1,266,877
PRUDENTIAL FINANCIAL INC 1.686% 08/15/2018$1,258,019
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD/NEW YORK NY 2.05% 09/23/2019$1,256,319
BB&T CORP 1.546% 02/01/2019$1,254,277
ABN AMRO BANK NV 2.5% 10/30/2018$1,251,139
SKANDINAVISKA ENSKILDA BANKEN AB 1.5% 09/13/2019$1,225,165
MORGAN STANLEY 2.026% 01/27/2020$1,220,117
WELLS FARGO BANK NA 1.8% 11/28/2018$1,217,253
WESTPAC BANKING CORP 1.6% 08/19/2019$1,215,852
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$1,200,043
HYUNDAI CAPITAL AMERICA 2.4% 10/30/2018$1,199,329
NATIONAL AUSTRALIA BANK LTD/NEW YORK 1.375% 07/12/2019$1,192,295
BANK OF AMERICA CORP 2.369% 07/21/2021$1,189,009
PFIZER INC 1.45% 06/03/2019$1,188,664
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,178,932
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$1,178,729
ICICI BANK LTD/HONG KONG 5.75% 11/16/2020$1,166,113
CATERPILLAR FINANCIAL SERVICES CORP 1.9% 03/22/2019$1,164,906
STANLEY BLACK & DECKER INC 2.451% 11/17/2018$1,150,560
CAPITAL ONE BANK USA NA 2.25% 02/13/2019$1,129,577
MVW OWNER TRUST 2017-1 2.42% 12/20/2034$1,126,969
SUMITOMO MITSUI TRUST BANK LTD 2.05% 03/06/2019$1,111,796
MOODYS CORP 5.5% 09/01/2020$1,098,856
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.5% 02/28/2020$1,081,543
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$1,071,752
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 4.1% 06/15/2021$1,027,837
SVENSKA HANDELSBANKEN AB 1.5% 09/06/2019$1,024,153
FIFTH THIRD BANK/CINCINNATI OH 1.821% 08/20/2018$1,006,660
ATHENE GLOBAL FUNDING 2.75% 04/20/2020$1,005,959
RELIANCE STANDARD LIFE GLOBAL FUNDING II 2.15% 10/15/2018$1,005,009
UBS AG/LONDON 2.2% 06/08/2020$999,853
SOUTHERN CALIFORNIA EDISON CO 1.845% 02/01/2022$999,713
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2017-2 1.98% 12/20/2021$994,155
FIRST INVESTORS AUTO OWNER TRUST 2017-1 2.2% 03/15/2022$993,597
GENERAL MOTORS FINANCIAL CO INC 2.606% 06/30/2022$985,518
CITIGROUP INC 2.5% 09/26/2018$982,478
INVITATION HOMES 2015-SFR2 TRUST 1.888% 06/17/2032$976,517
BRANCH BANKING & TRUST CO 1.45% 05/10/2019$976,380
VIETNAM GOVERNMENT INTERNATIONAL BOND 6.75% 01/29/2020$963,372
HEWLETT PACKARD ENTERPRISE CO 2.85% 10/05/2018$955,332
ENBRIDGE ENERGY PARTNERS LP 4.375% 10/15/2020$948,099
SANTANDER HOLDINGS USA INC 3.7% 03/28/2022$939,067
PHILIP MORRIS INTERNATIONAL INC 2% 02/21/2020$938,361
ENTERPRISE FLEET FINANCING LLC 1.97% 01/20/2023$933,125
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2017-1 2.7% 10/17/2022$925,053
TECH DATA CORP 3.7% 02/15/2022$921,358
DISCOVER BANK/GREENWOOD DE 2.6% 11/13/2018$917,603
AT&T INC 2.3% 03/11/2019$906,114
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 2.3% 03/10/2019$905,068
WISCONSIN PUBLIC SERVICE CORP 1.65% 12/04/2018$901,031
MOLSON COORS BREWING CO 1.9% 03/15/2019$894,489
ING GROEP NV 2.302% 03/29/2022$884,024
GOLDMAN SACHS GROUP INC/THE 5.375% 03/15/2020$864,119
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$863,358
SHERWIN-WILLIAMS CO/THE 2.25% 05/15/2020$834,598
KRAFT HEINZ FOODS CO 2% 07/02/2018$832,164
CAPITAL ONE FINANCIAL CORP 2.056% 03/09/2022$825,504
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$819,128
PACCAR FINANCIAL CORP 1.3% 05/10/2019$816,035
GENERAL MOTORS FINANCIAL CO INC 2.65% 04/13/2020$812,158
KINDER MORGAN INC/DE 2.589% 01/15/2023$808,317
SUNOCO LOGISTICS PARTNERS OPERATIONS LP 5.5% 02/15/2020$801,884
CITIGROUP INC 2.262% 07/24/2023$798,886
FORD MOTOR CREDIT CO LLC 2.738% 03/28/2022$781,624
VULCAN MATERIALS CO 1.846% 06/15/2020$774,910
ROYAL BANK OF CANADA 1.625% 04/15/2019$773,556
NOKIA OYJ 3.375% 06/12/2022$764,438
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.895% 11/25/2029$747,382
SLM CORP 5.125% 04/05/2022$741,313
INVITATION HOMES 2014-SFR2 TRUST 1.65% 09/17/2031$734,487
CISCO SYSTEMS INC 1.4% 09/20/2019$732,678
TAKEDA PHARMACEUTICAL CO LTD 2.45% 01/18/2022$726,096
LENNAR CORP 4.125% 01/15/2022$723,625
CHEVRON CORP 1.686% 02/28/2019$712,172
PHILLIPS 66 1.906% 04/15/2020$705,406
FORD MOTOR CREDIT CO LLC 2.551% 10/05/2018$695,877
VMWARE INC 2.3% 08/21/2020$692,505
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$691,696
CARDINAL HEALTH INC 1.948% 06/14/2019$681,560
SUNTORY HOLDINGS LTD 2.55% 09/29/2019$681,371
SENEGAL GOVERNMENT INTERNATIONAL BOND 8.75% 05/13/2021$680,270
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.4% 07/20/2018$675,114
REYNOLDS AMERICAN INC 2.3% 06/12/2018$662,734
IMPERIAL TOBACCO FINANCE PLC 2.05% 02/11/2018$650,169
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$641,123
GOLDMAN SACHS GROUP INC/THE 2.006% 11/15/2018$640,931
HUNTINGTON NATIONAL BANK/THE 2.375% 03/10/2020$631,231
SMBC AVIATION CAPITAL FINANCE DAC 3% 07/15/2022$630,804
MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV 1.625% 10/28/2019$620,255
CNH INDUSTRIAL CAPITAL LLC 3.875% 07/16/2018$618,388
MCLAREN FINANCE PLC 5.75% 08/01/2022$616,500
MIZUHO BANK LTD 2.4% 03/26/2020$610,821
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$610,450
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-4 2.97% 03/15/2021$607,986
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$606,950
DELTA AIR LINES INC 2.875% 03/13/2020$604,919
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 2.3% 11/15/2019$600,944
MORGAN STANLEY 2.45% 02/01/2019$595,359
BANK OF AMERICA CORP 1.936% 03/22/2018$592,787
METROPOLITAN LIFE GLOBAL FUNDING I 1.95% 12/03/2018$591,935
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.7% 07/19/2019$586,917
QUALCOMM INC 1.85% 05/20/2019$572,611
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$562,862
DOMINION ENERGY INC 1.771% 06/01/2019$547,290
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-2 2.66% 11/15/2021$544,832
VERIZON COMMUNICATIONS INC 2.625% 02/21/2020$540,120
HYUNDAI AUTO RECEIVABLES TRUST 2016-B 2.68% 09/15/2023$539,562
ENSTAR GROUP LTD 4.5% 03/10/2022$532,001
PNC BANK NA 1.95% 03/04/2019$531,783
CITIZENS BANK NA/PROVIDENCE RI 2.25% 03/02/2020$517,548
MYLAN NV 2.5% 06/07/2019$511,880
BERKSHIRE HATHAWAY ENERGY CO 5.75% 04/01/2018$511,565
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.184% 01/25/2024$496,159
ASTON MARTIN CAPITAL HOLDINGS LTD 6.5% 04/15/2022$493,148
AMERICAN EXPRESS CREDIT CORP 1.875% 05/03/2019$491,696
DRIVE AUTO RECEIVABLES TRUST 2016-B 3.19% 07/15/2022$485,737
BERKSHIRE HATHAWAY FINANCE CORP 1.7% 03/15/2019$481,477
STANDARD CHARTERED PLC 2.1% 08/19/2019$480,273
SEAGATE HDD CAYMAN 4.25% 03/01/2022$473,282
MOODYS CORP 2.75% 12/15/2021$473,120
FORD MOTOR CREDIT CO LLC 2.262% 03/28/2019$467,496
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-2 3.02% 04/15/2021$460,845
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$457,775
INTERNATIONAL LEASE FINANCE CORP 3.875% 04/15/2018$439,978
CITIZENS BANK NA/PROVIDENCE RI 2.2% 05/26/2020$431,597
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$428,355
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$423,838
HYUNDAI CAPITAL SERVICES INC 1.625% 08/30/2019$422,879
CITIGROUP INC 2.05% 12/07/2018$411,450
NVIDIA CORP 2.2% 09/16/2021$410,998
ONEOK INC 4.25% 02/01/2022$407,761
DOMINION ENERGY INC 2.579% 07/01/2020$404,100
ANZ NEW ZEALAND INTL LTD/LONDON 2.2% 07/17/2020$402,184
CBOE HOLDINGS INC 1.95% 06/28/2019$380,323
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-1 3.24% 04/15/2021$380,261
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.742% 09/25/2028$377,650
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$373,190
BMW US CAPITAL LLC 1.5% 04/11/2019$369,224
COLONY AMERICAN HOMES 2014-2 1.474% 07/17/2031$365,022
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$363,733
SEAGATE HDD CAYMAN 3.75% 11/15/2018$356,081
HUNTINGTON NATIONAL BANK/THE 2.2% 11/06/2018$351,637
HEWLETT PACKARD ENTERPRISE CO 2.45% 10/05/2017$335,232
GLENCORE FUNDING LLC 2.24% 01/15/2019$333,712
CITIGROUP INC 2.05% 06/07/2019$320,809
CSMC TRUST 2013-IVR2 1.55% 04/25/2043$317,286
ACTAVIS FUNDING SCS 2.1% 03/12/2020$316,020
FIFTH THIRD BANK/CINCINNATI OH 2.3% 03/15/2019$312,903
CISCO SYSTEMS INC 1.6% 02/28/2019$310,287
IMPERIAL TOBACCO FINANCE PLC 2.05% 07/20/2018$310,191
SANTANDER UK PLC 2.5% 03/14/2019$308,223
VERIZON OWNER TRUST 2016-1 1.42% 01/20/2021$299,444
WANT WANT CHINA FINANCE LTD 1.875% 05/14/2018$289,554
DAIMLER FINANCE NORTH AMERICA LLC 2.2% 05/05/2020$285,844
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.2% 07/21/2021$276,378
COLONY AMERICAN HOMES 2014-1 1.7% 05/17/2031$274,983
EXXON MOBIL CORP 1.708% 03/01/2019$260,639
MISSOURI HIGHER EDUCATION LOAN AUTHORITY 1.422% 01/26/2026$255,954
DXC TECHNOLOGY CO 2.875% 03/27/2020$254,425
CITIZENS BANK NA/PROVIDENCE RI 2.3% 12/03/2018$251,331
STRYKER CORP 2% 03/08/2019$250,915
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$241,524
BANCO DE CREDITO DEL PERU/PANAMA 2.25% 10/25/2019$240,900
EBAY INC 2.5% 03/09/2018$231,084
BANK OF AMERICA CORP 2.151% 11/09/2020$225,335
NCUA GUARANTEED NOTES TRUST 2010-R1 0.981% 10/07/2020$221,796
SEQUOIA MORTGAGE TRUST 2013-4 1.55% 04/25/2043$219,177
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.87% 11/08/2021$203,385
TSMC GLOBAL LTD 1.625% 04/03/2018$199,810
ALLY FINANCIAL INC 3.25% 09/29/2017$195,205
THERMO FISHER SCIENTIFIC INC 2.15% 12/14/2018$190,838
TECO FINANCE INC 1.476% 04/10/2018$190,270
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.649% 09/01/2018$189,822
APPLE INC 1.7% 02/22/2019$180,685
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2014-3 2.65% 08/17/2020$171,502
CHEVRON CORP 1.79% 11/16/2018$170,476
WHIRLPOOL CORP 1.65% 11/01/2017$170,014
FORTIVE CORP 1.8% 06/15/2019$169,751
DOMINION RESOURCES INC/VA 2.962% 07/01/2019$162,544
FIDELITY NATIONAL INFORMATION SERVICES INC 2% 04/15/2018$150,334
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.834% 10/25/2028$145,162
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.584% 10/25/2023$143,620
SYNCHRONY FINANCIAL 2.111% 02/03/2020$141,591
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.11% 03/22/2021$140,525
AES CORP/VA 3.842% 06/01/2019$139,521
SEQUOIA MORTGAGE TRUST 2013-1 1.45% 02/25/2043$129,390
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$126,114
HYUNDAI CAPITAL AMERICA 2.55% 04/03/2020$124,555
IAC/INTERACTIVECORP 4.875% 11/30/2018$119,655
AT&T INC 5.5% 02/01/2018$111,686
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 2.5% 06/15/2019$111,125
KINDER MORGAN INC/DE 2% 12/01/2017$110,065
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.784% 07/25/2024$99,762
GSAMP TRUST 2004-SEA2 1.242% 03/25/2034$86,245
SOUTHERN POWER CO 1.85% 12/01/2017$70,032
JOHNSON CONTROLS INTERNATIONAL PLC 1.4% 11/02/2017$69,857
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 1.78% 12/25/2065$56,904
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.042% 11/25/2023$56,514
LOCKHEED MARTIN CORP 1.85% 11/23/2018$47,062
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$25,414
 
Short-Term/Cash
Holding NameMarket Value
BLACKROCK TEMP FUND$7,700,886
FIDELITY INSTITUTIONAL MONEY MARKET$7,700,886
 
Other
Holding NameMarket Value
USD$8,605,563
US 2YR NOTE (CBT) BOND DEC17 (TUZ7) COMDTY$3,632
EURO$-6
US 5YR NOTE (CBT) BOND DEC17 (FVZ7) COMDTY$-13,831
EURO-BOBL FUTURE BOND SEP17 (OEU7) COMDTY$-56,009
CURRENCY CONTRACT$-75,913
USD$-2,032,061
RUSSELL 2000 MINI EQUITY INDEX SEP17 (RTAU7)$-3,126,382
All Holdings As of Jul 31, 2017
Equity
Holding NameMarket Value
INSULET CORP$2,380,669
CLEAN HARBORS INC$2,335,446
2U INC$2,190,474
HUBSPOT INC$2,171,224
VONAGE HOLDINGS CORP$2,161,278
PS BUSINESS PARKS INC$2,158,083
WESTERN ALLIANCE BANCORP$2,154,198
NU SKIN ENTERPRISES INC$2,113,309
STERLING BANCORP/DE$2,105,912
ENTEGRIS INC$2,080,535
NEW YORK TIMES CO/THE$2,065,699
LASALLE HOTEL PROPERTIES$2,063,753
TELEDYNE TECHNOLOGIES INC$2,058,325
FCB FINANCIAL HOLDINGS INC$2,044,047
REXFORD INDUSTRIAL REALTY INC$2,038,809
TRINET GROUP INC$2,031,470
FERRO CORP$1,944,144
MB FINANCIAL INC$1,943,568
ASSURED GUARANTY LTD$1,943,127
CIENA CORP$1,932,821
CALLIDUS SOFTWARE INC$1,923,685
BROADSOFT INC$1,918,113
PATTERN ENERGY GROUP INC$1,913,850
SANDERSON FARMS INC$1,909,996
MGIC INVESTMENT CORP$1,874,996
LIFEPOINT HEALTH INC$1,874,545
AIR LEASE CORP$1,865,841
TIMKEN CO/THE$1,864,954
DELEK US HOLDINGS INC$1,843,993
REDWOOD TRUST INC$1,843,521
PERFORMANCE FOOD GROUP CO$1,834,128
BLACK HILLS CORP$1,833,451
DECKERS OUTDOOR CORP$1,831,257
KIRBY CORP$1,826,939
HAEMONETICS CORP$1,820,414
KINDRED HEALTHCARE INC$1,802,136
TEXAS CAPITAL BANCSHARES INC$1,766,871
MASONITE INTERNATIONAL CORP$1,761,102
TRI POINTE GROUP INC$1,760,255
MFA FINANCIAL INC$1,749,840
CHICO'S FAS INC$1,745,692
POLYONE CORP$1,731,624
STATE BANK FINANCIAL CORP$1,731,134
AMERIS BANCORP$1,720,706
GATX CORP$1,714,917
WERNER ENTERPRISES INC$1,694,053
ADVANCED DRAINAGE SYSTEMS INC$1,683,004
LA-Z-BOY INC$1,680,840
FIRSTCASH INC$1,680,826
MIMEDX GROUP INC$1,672,348
LIFE STORAGE INC$1,660,784
TENNECO INC$1,655,516
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC$1,655,376
JOHN BEAN TECHNOLOGIES CORP$1,643,334
METHANEX CORP$1,630,240
WATTS WATER TECHNOLOGIES INC$1,624,748
MOLINA HEALTHCARE INC$1,604,402
CAVIUM INC$1,595,451
SYNERGY RESOURCES CORP$1,563,619
MINERALS TECHNOLOGIES INC$1,559,087
MOMENTA PHARMACEUTICALS INC$1,557,703
OUTFRONT MEDIA INC$1,556,875
LINDBLAD EXPEDITIONS HOLDINGS INC$1,549,037
BLOOMIN' BRANDS INC$1,538,947
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC$1,525,572
SOUTH STATE CORP$1,513,363
FIRST SOLAR INC$1,511,697
KEMPER CORP$1,496,446
GLOBUS MEDICAL INC$1,491,037
CALLON PETROLEUM CO$1,415,532
POTLATCH CORP$1,391,622
CARDTRONICS PLC$1,377,325
KENNEDY-WILSON HOLDINGS INC$1,368,247
ACUSHNET HOLDINGS CORP$1,337,985
GRAPHIC PACKAGING HOLDING CO$1,329,565
EHEALTH INC$1,298,186
SOLAR CAPITAL LTD$1,277,854
ORION ENGINEERED CARBONS SA$1,247,400
PACIFIC PREMIER BANCORP INC$1,190,408
WABASH NATIONAL CORP$1,171,684
CINEMARK HOLDINGS INC$1,134,557
VERIFONE SYSTEMS INC$1,094,491
HORACE MANN EDUCATORS CORP$1,093,605
CHART INDUSTRIES INC$1,009,052
COOPER TIRE & RUBBER CO$957,610
SPIRIT AIRLINES INC$949,844
OCLARO INC$940,836
ADURO BIOTECH INC$881,420
ACACIA COMMUNICATIONS INC$875,400
MBIA INC$863,504
GLAUKOS CORP$823,690
BLUEBIRD BIO INC$812,529
DERMIRA INC$803,876
BLUEPRINT MEDICINES CORP$803,632
BANC OF CALIFORNIA INC$797,422
ZENDESK INC$769,298
TELADOC INC$763,289
JAMES RIVER GROUP HOLDINGS LTD$746,976
ULTRAGENYX PHARMACEUTICAL INC$661,807
CHEESECAKE FACTORY INC/THE$646,232
NATIONAL CINEMEDIA INC$286,994
CLOUDERA INC$70,725
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 1.25% 06/30/2019$32,086,625
UNITED STATES TREASURY NOTE/BOND 1.25% 05/31/2019$15,132,614
UNITED STATES TREASURY NOTE/BOND 0.75% 07/15/2019$11,580,231
UNITED STATES TREASURY NOTE/BOND 1.25% 04/30/2019$8,587,401
UNITED STATES TREASURY NOTE/BOND 1% 09/15/2018$8,258,759
BPCE SA 2.082% 05/31/2022$3,649,153
DOMINO'S PIZZA MASTER ISSUER LLC 0% 07/25/2047$3,582,693
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.974% 10/25/2029$3,490,708
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-4 4% 05/25/2057$3,386,541
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.97% 08/25/2029$3,202,946
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-3 4% 04/25/2057$3,120,468
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$2,936,501
BMW VEHICLE LEASE TRUST 1.98% 05/20/2020$2,811,149
COMMONBOND STUDENT LOAN TRUST 2017-A-GS 1.926% 05/25/2041$2,772,702
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-2 1.6% 04/15/2021$2,666,230
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.186% 10/25/2029$2,644,587
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,543,761
ABN AMRO BANK NV 2.1% 01/18/2019$2,487,838
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 02/26/2019$2,486,260
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.127% 09/25/2029$2,481,585
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 08/28/2019$2,429,182
FEDERAL HOME LOAN MORTGAGE CORP 0.875% 07/19/2019$2,346,205
COLONY STARWOOD HOMES 2016-2 TRUST 2.022% 12/17/2033$2,321,182
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 1.34% 04/15/2022$2,287,124
WELLS FARGO & CO 1.964% 02/11/2022$2,117,039
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.465% 05/01/2042$2,063,966
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$2,048,382
KUBOTA CREDIT OWNER TRUST 2017-1 2.36% 08/16/2021$2,040,891
CITIZENS BANK NA/PROVIDENCE RI 2.5% 03/14/2019$2,037,402
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$2,017,157
INTERNATIONAL LEASE FINANCE CORP 6.25% 05/15/2019$1,973,834
ROYAL BANK OF SCOTLAND GROUP PLC 2.652% 05/15/2023$1,934,566
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$1,925,025
VERIZON COMMUNICATIONS INC 4.5% 09/15/2020$1,915,280
ING BANK NV 2% 11/26/2018$1,891,612
WESTPAC BANKING CORP 2.15% 03/06/2020$1,870,072
BECTON DICKINSON AND CO 0% 06/06/2022$1,858,118
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$1,855,172
SABINE PASS LIQUEFACTION LLC 5.625% 02/01/2021$1,845,243
PRESTIGE AUTO RECEIVABLES TRUST 2016-1 1.99% 06/15/2020$1,844,889
MITSUBISHI UFJ FINANCIAL GROUP INC 1.97% 02/22/2022$1,844,352
UBS GROUP FUNDING SWITZERLAND AG 2.376% 05/23/2023$1,839,583
UNITED STATES TREASURY NOTE/BOND 1.375% 07/31/2019$1,827,892
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,823,470
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$1,823,007
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$1,811,763
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.4% 02/21/2020$1,811,320
GOLDMAN SACHS GROUP INC/THE 2.6% 12/27/2020$1,806,355
ENLINK MIDSTREAM PARTNERS LP 2.7% 04/01/2019$1,804,964
VERIZON COMMUNICATIONS INC 1.722% 05/22/2020$1,799,660
ATHENE GLOBAL FUNDING 0% 07/01/2022$1,798,100
CENOVUS ENERGY INC 5.7% 10/15/2019$1,794,258
GENERAL MOTORS FINANCIAL CO INC 2.085% 04/13/2020$1,782,847
PHILIP MORRIS INTERNATIONAL INC 1.625% 02/21/2019$1,775,108
BANK OF AMERICA CORP 2.153% 04/24/2023$1,775,068
KINDER MORGAN INC/DE 3.05% 12/01/2019$1,731,911
SINOPEC GROUP OVERSEAS DEVELOPMENT 2017 LTD 2.375% 04/12/2020$1,710,096
ARES CAPITAL CORP 3.625% 01/19/2022$1,709,938
HUSKY ENERGY INC 7.25% 12/15/2019$1,678,773
WALT DISNEY CO/THE 1.95% 03/04/2020$1,672,995
VERIZON COMMUNICATIONS INC 2.137% 03/16/2022$1,632,701
CAPITAL ONE FINANCIAL CORP 2.056% 03/09/2022$1,628,702
BANK OF AMERICA CORP 2.6% 01/15/2019$1,616,954
MORGAN STANLEY 2.243% 07/22/2022$1,567,715
CITIBANK NA 2% 03/20/2019$1,558,725
HSBC USA INC 2.375% 11/13/2019$1,516,413
JPMORGAN CHASE & CO 6.3% 04/23/2019$1,505,713
BECTON DICKINSON AND CO 2.133% 06/06/2019$1,492,066
JPMORGAN CHASE & CO 1% 06/01/2021$1,489,948
MIZUHO FINANCIAL GROUP INC 1.994% 02/28/2022$1,485,083
BANQUE FEDERATIVE DU CREDIT MUTUEL SA 2.2% 07/20/2020$1,469,083
MORGAN STANLEY 2.21% 01/20/2022$1,450,042
JP MORGAN MORTGAGE TRUST 2017-1 3.5% 01/25/2047$1,448,142
SMITHFIELD FOODS INC 2.7% 01/31/2020$1,420,378
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.678% 07/25/2028$1,416,880
NEWELL BRANDS INC 2.15% 10/15/2018$1,408,737
ACTAVIS FUNDING SCS 3% 03/12/2020$1,387,539
AMERICAN EXPRESS CREDIT CORP 2.2% 03/03/2020$1,351,430
CARDINAL HEALTH INC 1.95% 06/15/2018$1,303,553
HSBC USA INC 1.625% 01/16/2018$1,300,606
FEDERAL HOME LOAN MORTGAGE CORP 1.125% 04/15/2019$1,295,120
CITIGROUP INC 2.45% 01/10/2020$1,282,546
AMGEN INC 1.9% 05/10/2019$1,269,954
PRUDENTIAL FINANCIAL INC 1.686% 08/15/2018$1,258,435
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD/NEW YORK NY 2.05% 09/23/2019$1,254,855
BB&T CORP 1.546% 02/01/2019$1,254,455
ABN AMRO BANK NV 2.5% 10/30/2018$1,251,026
SKANDINAVISKA ENSKILDA BANKEN AB 1.5% 09/13/2019$1,223,559
MORGAN STANLEY 2.026% 01/27/2020$1,219,559
WELLS FARGO BANK NA 1.8% 11/28/2018$1,217,564
WESTPAC BANKING CORP 1.6% 08/19/2019$1,213,739
HYUNDAI CAPITAL AMERICA 2.4% 10/30/2018$1,201,419
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$1,200,261
PFIZER INC 1.45% 06/03/2019$1,190,804
BANK OF AMERICA CORP 2.369% 07/21/2021$1,189,477
NATIONAL AUSTRALIA BANK LTD/NEW YORK 1.375% 07/12/2019$1,189,441
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$1,181,460
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,178,007
CATERPILLAR FINANCIAL SERVICES CORP 1.9% 03/22/2019$1,165,657
CELGENE CORP 2.125% 08/15/2018$1,165,571
ICICI BANK LTD/HONG KONG 5.75% 11/16/2020$1,165,499
STANLEY BLACK & DECKER INC 2.451% 11/17/2018$1,152,134
CAPITAL ONE BANK USA NA 2.25% 02/13/2019$1,129,001
SUMITOMO MITSUI TRUST BANK LTD 2.05% 03/06/2019$1,112,602
SOUTHERN CALIFORNIA EDISON CO 1.845% 02/01/2022$1,107,345
BANK OF MONTREAL 1.35% 08/28/2018$1,101,778
MOODY'S CORP 5.5% 09/01/2020$1,099,770
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.5% 02/28/2020$1,079,527
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$1,070,824
HYUNDAI CAPITAL AMERICA 2.875% 08/09/2018$1,068,271
SYNCHRONY FINANCIAL 1.875% 08/15/2017$1,065,075
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 4.1% 06/15/2021$1,025,431
SVENSKA HANDELSBANKEN AB 1.5% 09/06/2019$1,022,846
FIFTH THIRD BANK/CINCINNATI OH 1.821% 08/20/2018$1,006,948
HYUNDAI CAPITAL SERVICES INC 3% 03/06/2022$1,005,836
RELIANCE STANDARD LIFE GLOBAL FUNDING II 2.15% 10/15/2018$1,005,059
ATHENE GLOBAL FUNDING 2.75% 04/20/2020$1,000,972
UBS AG/LONDON 2.2% 06/08/2020$1,000,873
FIRST INVESTORS AUTO OWNER TRUST 2017-1 2.2% 03/15/2022$991,984
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2017-2 1.98% 12/20/2021$991,846
GENERAL MOTORS FINANCIAL CO INC 2.606% 06/30/2022$986,615
CITIGROUP INC 2.5% 09/26/2018$983,244
INVITATION HOMES 2015-SFR2 TRUST 1.888% 06/17/2032$977,282
BRANCH BANKING & TRUST CO 1.45% 05/10/2019$975,164
VIETNAM GOVERNMENT INTERNATIONAL BOND 6.75% 01/29/2020$961,147
HEWLETT PACKARD ENTERPRISE CO 2.85% 10/05/2018$956,666
ENBRIDGE ENERGY PARTNERS LP 4.375% 10/15/2020$950,033
PHILIP MORRIS INTERNATIONAL INC 2% 02/21/2020$939,861
SANTANDER HOLDINGS USA INC 3.7% 03/28/2022$935,223
ENTERPRISE FLEET FINANCING LLC 1.97% 01/20/2023$930,221
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2017-1 2.7% 10/17/2022$923,663
TECH DATA CORP 3.7% 02/15/2022$920,858
DISCOVER BANK/GREENWOOD DE 2.6% 11/13/2018$918,316
VERIZON COMMUNICATIONS INC 2.625% 02/21/2020$916,598
AT&T INC 2.3% 03/11/2019$907,353
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 2.3% 03/10/2019$904,119
WISCONSIN PUBLIC SERVICE CORP 1.65% 12/04/2018$898,864
MOLSON COORS BREWING CO 1.9% 03/15/2019$895,235
ING GROEP NV 2.302% 03/29/2022$883,895
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$867,477
HYUNDAI CAPITAL AMERICA 2.55% 04/03/2020$867,393
GOLDMAN SACHS GROUP INC/THE 5.375% 03/15/2020$865,647
SHERWIN-WILLIAMS CO/THE 2.25% 05/15/2020$835,508
KRAFT HEINZ FOODS CO 2% 07/02/2018$832,488
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$820,073
PACCAR FINANCIAL CORP 1.3% 05/10/2019$815,342
VERIZON COMMUNICATIONS INC 2.606% 09/14/2018$814,807
GENERAL MOTORS FINANCIAL CO INC 2.65% 04/13/2020$813,801
SUNOCO LOGISTICS PARTNERS OPERATIONS LP 5.5% 02/15/2020$803,384
CITIGROUP INC 2.262% 07/24/2023$800,963
FORD MOTOR CREDIT CO LLC 2.738% 03/28/2022$781,069
VULCAN MATERIALS CO 1.846% 06/15/2020$774,874
ROYAL BANK OF CANADA 1.625% 04/15/2019$773,551
NOKIA OYJ 3.375% 06/12/2022$765,849
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.895% 11/25/2029$753,307
SLM CORP 5.125% 04/05/2022$743,125
INVITATION HOMES 2014-SFR2 TRUST 1.65% 09/17/2031$735,767
CISCO SYSTEMS INC 1.4% 09/20/2019$732,327
TAKEDA PHARMACEUTICAL CO LTD 2.45% 01/18/2022$723,938
LENNAR CORP 4.125% 01/15/2022$723,184
CHEVRON CORP 1.686% 02/28/2019$712,021
PHILLIPS 66 1.906% 04/15/2020$706,475
FORD MOTOR CREDIT CO LLC 2.551% 10/05/2018$696,358
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$691,016
CARDINAL HEALTH INC 1.948% 06/14/2019$683,118
SUNTORY HOLDINGS LTD 2.55% 09/29/2019$681,082
SENEGAL GOVERNMENT INTERNATIONAL BOND 8.75% 05/13/2021$678,481
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.4% 07/20/2018$677,869
REYNOLDS AMERICAN INC 2.3% 06/12/2018$663,260
BPCE SA 2.392% 05/22/2022$658,984
IMPERIAL TOBACCO FINANCE PLC 2.05% 02/11/2018$650,658
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$641,834
GOLDMAN SACHS GROUP INC/THE 2.006% 11/15/2018$641,666
HUNTINGTON NATIONAL BANK/THE 2.375% 03/10/2020$630,526
SMBC AVIATION CAPITAL FINANCE DAC 3% 07/15/2022$628,024
MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV 1.625% 10/28/2019$620,701
CNH INDUSTRIAL CAPITAL LLC 3.875% 07/16/2018$619,406
MCLAREN FINANCE PLC 5.75% 08/01/2022$617,100
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$610,849
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$608,717
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-4 2.97% 03/15/2021$607,315
MIZUHO BANK LTD 2.4% 03/26/2020$606,707
DELTA AIR LINES INC 2.875% 03/13/2020$606,263
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 2.3% 11/15/2019$600,981
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.7% 07/19/2019$597,020
MORGAN STANLEY 2.45% 02/01/2019$595,205
BANK OF AMERICA CORP 1.936% 03/22/2018$593,543
METROPOLITAN LIFE GLOBAL FUNDING I 1.95% 12/03/2018$591,464
QUALCOMM INC 1.85% 05/20/2019$572,566
BANK OF AMERICA NA 2.05% 12/07/2018$568,180
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$562,413
DOMINION ENERGY INC 1.771% 06/01/2019$546,837
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-2 2.66% 11/15/2021$543,605
HYUNDAI AUTO RECEIVABLES TRUST 2016-B 2.68% 09/15/2023$537,851
PNC BANK NA 1.95% 03/04/2019$531,797
ENSTAR GROUP LTD 4.5% 03/10/2022$528,697
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.184% 01/25/2024$524,997
CITIZENS BANK NA/PROVIDENCE RI 2.25% 03/02/2020$517,132
MYLAN NV 2.5% 06/07/2019$514,469
BERKSHIRE HATHAWAY ENERGY CO 5.75% 04/01/2018$513,577
AMERICAN EXPRESS CREDIT CORP 1.875% 05/03/2019$491,407
ASTON MARTIN CAPITAL HOLDINGS LTD 6.5% 04/15/2022$490,563
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$488,191
DRIVE AUTO RECEIVABLES TRUST 2016-B 3.19% 07/15/2022$485,912
BERKSHIRE HATHAWAY FINANCE CORP 1.7% 03/15/2019$481,605
STANDARD CHARTERED PLC 2.1% 08/19/2019$479,803
SEAGATE HDD CAYMAN 4.25% 03/01/2022$479,489
MOODY'S CORP 2.75% 12/15/2021$470,612
FORD MOTOR CREDIT CO LLC 2.262% 03/28/2019$466,716
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-2 3.02% 04/15/2021$460,740
EI DU PONT DE NEMOURS & CO 2.2% 05/01/2020$459,058
INTERNATIONAL LEASE FINANCE CORP 3.875% 04/15/2018$440,821
CITIZENS BANK NA/PROVIDENCE RI 2.2% 05/26/2020$430,803
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$428,811
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$427,810
HYUNDAI CAPITAL SERVICES INC 1.625% 08/30/2019$423,029
CITIGROUP INC 2.05% 12/07/2018$411,727
ONEOK INC 4.25% 02/01/2022$409,257
NVIDIA CORP 2.2% 09/16/2021$408,689
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.742% 09/25/2028$406,354
DOMINION ENERGY INC 2.579% 07/01/2020$404,046
ANZ NEW ZEALAND INT'L LTD/LONDON 2.2% 07/17/2020$401,452
CAPITAL ONE NA/MCLEAN VA 1.65% 02/05/2018$389,899
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$384,409
CBOE HOLDINGS INC 1.95% 06/28/2019$380,313
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-1 3.24% 04/15/2021$380,147
BMW US CAPITAL LLC 1.5% 04/11/2019$369,150
COLONY AMERICAN HOMES 2014-2 1.474% 07/17/2031$365,556
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$363,244
SEAGATE HDD CAYMAN 3.75% 11/15/2018$355,994
HUNTINGTON NATIONAL BANK/THE 2.2% 11/06/2018$351,831
HEWLETT PACKARD ENTERPRISE CO 2.45% 10/05/2017$335,590
GLENCORE FUNDING LLC 2.24% 01/15/2019$333,548
CSMC TRUST 2013-IVR2 1.55% 04/25/2043$322,361
CITIGROUP INC 2.05% 06/07/2019$320,723
ACTAVIS FUNDING SCS 2.1% 03/12/2020$317,565
CREDIT SUISSE AG/NEW YORK NY 1.566% 04/27/2018$316,248
FIFTH THIRD BANK/CINCINNATI OH 2.3% 03/15/2019$312,923
CISCO SYSTEMS INC 1.6% 02/28/2019$310,398
IMPERIAL TOBACCO FINANCE PLC 2.05% 07/20/2018$310,235
SANTANDER UK PLC 2.5% 03/14/2019$308,047
VERIZON OWNER TRUST 2016-1 1.42% 01/20/2021$298,972
WANT WANT CHINA FINANCE LTD 1.875% 05/14/2018$289,368
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.2% 07/21/2021$286,184
DAIMLER FINANCE NORTH AMERICA LLC 2.2% 05/05/2020$285,991
COLONY AMERICAN HOMES 2014-1 1.7% 05/17/2031$276,033
EXXON MOBIL CORP 1.708% 03/01/2019$260,677
MISSOURI HIGHER EDUCATION LOAN AUTHORITY 1.422% 01/26/2026$259,799
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$258,825
DXC TECHNOLOGY CO 2.875% 03/27/2020$253,291
CITIZENS BANK NA/PROVIDENCE RI 2.3% 12/03/2018$251,459
STRYKER CORP 2% 03/08/2019$251,095
COMPASS BANK 1.85% 09/29/2017$250,022
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$241,696
BANCO DE CREDITO DEL PERU/PANAMA 2.25% 10/25/2019$240,780
EBAY INC 2.5% 03/09/2018$231,277
NCUA GUARANTEED NOTES TRUST 2010-R1 0.981% 10/07/2020$228,902
BANK OF AMERICA CORP 2.151% 11/09/2020$224,957
BAXALTA INC 1.646% 06/22/2018$221,068
SEQUOIA MORTGAGE TRUST 2013-4 1.55% 04/25/2043$220,173
NOVELIS CORP 6.25% 08/15/2024$203,813
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.87% 11/08/2021$203,023
TSMC GLOBAL LTD 1.625% 04/03/2018$199,934
ALLY FINANCIAL INC 3.25% 09/29/2017$195,400
THERMO FISHER SCIENTIFIC INC 2.15% 12/14/2018$191,017
TECO FINANCE INC 1.476% 04/10/2018$190,420
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.649% 09/01/2018$189,950
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.834% 10/25/2028$183,128
APPLE INC 1.7% 02/22/2019$180,723
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2014-3 2.65% 08/17/2020$171,349
CHEVRON CORP 1.79% 11/16/2018$170,734
WHIRLPOOL CORP 1.65% 11/01/2017$170,027
FORTIVE CORP 1.8% 06/15/2019$169,013
DOMINION RESOURCES INC/VA 2.962% 07/01/2019$162,940
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.584% 10/25/2023$156,245
FIDELITY NATIONAL INFORMATION SERVICES INC 2% 04/15/2018$150,266
SYNCHRONY FINANCIAL 2.111% 02/03/2020$141,603
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.11% 03/22/2021$140,138
AES CORP/VA 3.842% 06/01/2019$139,956
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.784% 07/25/2024$133,861
SEQUOIA MORTGAGE TRUST 2013-1 1.45% 02/25/2043$132,734
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$126,150
IAC/INTERACTIVECORP 4.875% 11/30/2018$120,398
BAXALTA INC 2% 06/22/2018$120,272
AT&T INC 5.5% 02/01/2018$112,130
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 2.5% 06/15/2019$111,086
KINDER MORGAN INC/DE 2% 12/01/2017$110,112
GSAMP TRUST 2004-SEA2 1.242% 03/25/2034$90,897
SOUTHERN POWER CO 1.85% 12/01/2017$70,070
JOHNSON CONTROLS INTERNATIONAL PLC 1.4% 11/02/2017$69,968
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.042% 11/25/2023$67,339
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 1.78% 12/25/2065$61,719
LOCKHEED MARTIN CORP 1.85% 11/23/2018$47,156
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$26,806
 
Short-Term/Cash
Holding NameMarket Value
BLACKROCK TEMP FUND$5,496,472
FIDELITY INSTITUTIONAL MONEY MARKET$5,496,472
 
Other
Holding NameMarket Value
RUSSELL 2000 MINI EQUITY INDEX SEP17 (RTAU7)$1,874,643
EURO$3,093
US 2YR NOTE (CBT) BOND SEP17 (TUU7) COMDTY$-931
US 5YR NOTE (CBT) BOND SEP17 (FVU7) COMDTY$-4,706
CURRENCY CONTRACT$-68,985
USD$-1,146,835
USD$-3,450,092
All Holdings As of Jun 30, 2017
Equity
Holding NameMarket Value
INSULET CORP$2,350,460
KINDRED HEALTHCARE INC$2,270,888
MOLINA HEALTHCARE INC$2,231,124
CLEAN HARBORS INC$2,222,257
VONAGE HOLDINGS CORP$2,070,106
FIRSTCASH INC$2,062,304
PS BUSINESS PARKS INC$2,056,943
STERLING BANCORP/DE$2,051,906
LIFEPOINT HEALTH INC$2,051,433
WESTERN ALLIANCE BANCORP$2,036,585
NU SKIN ENTERPRISES INC$2,029,041
MB FINANCIAL INC$2,025,972
LASALLE HOTEL PROPERTIES$2,015,434
FCB FINANCIAL HOLDINGS INC$2,003,972
KIRBY CORP$1,941,391
2U INC$1,922,594
HUBSPOT INC$1,910,169
REXFORD INDUSTRIAL REALTY INC$1,898,958
DECKERS OUTDOOR CORP$1,865,682
TELEDYNE TECHNOLOGIES INC$1,865,605
NEW YORK TIMES CO/THE$1,862,907
CALLIDUS SOFTWARE INC$1,854,591
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC$1,839,797
TRINET GROUP INC$1,839,628
TIMKEN CO/THE$1,835,154
CIENA CORP$1,818,053
BROADSOFT INC$1,814,730
BLOOMIN' BRANDS INC$1,814,613
DELEK US HOLDINGS INC$1,807,676
FERRO CORP$1,789,128
POLYONE CORP$1,775,299
REDWOOD TRUST INC$1,760,880
PATTERN ENERGY GROUP INC$1,759,726
AMERIS BANCORP$1,753,034
ASSURED GUARANTY LTD$1,744,398
MGIC INVESTMENT CORP$1,742,014
GATX CORP$1,725,650
BLACK HILLS CORP$1,719,136
AIR LEASE CORP$1,704,961
ENTEGRIS INC$1,693,860
HAEMONETICS CORP$1,692,028
TEXAS CAPITAL BANCSHARES INC$1,689,719
PERFORMANCE FOOD GROUP CO$1,689,237
JOHN BEAN TECHNOLOGIES CORP$1,687,266
TENNECO INC$1,675,971
MFA FINANCIAL INC$1,674,006
MIMEDX GROUP INC$1,673,466
MASONITE INTERNATIONAL CORP$1,657,678
STATE BANK FINANCIAL CORP$1,655,703
SANDERSON FARMS INC$1,635,522
LIFE STORAGE INC$1,631,089
CHICO'S FAS INC$1,612,148
MOMENTA PHARMACEUTICALS INC$1,590,645
LINDBLAD EXPEDITIONS HOLDINGS INC$1,572,974
METHANEX CORP$1,569,281
LA-Z-BOY INC$1,564,583
MINERALS TECHNOLOGIES INC$1,560,478
GLOBUS MEDICAL INC$1,556,094
WATTS WATER TECHNOLOGIES INC$1,543,534
OUTFRONT MEDIA INC$1,523,631
SOUTH STATE CORP$1,499,150
SWIFT TRANSPORTATION CO$1,463,277
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC$1,452,725
KEMPER CORP$1,448,504
ADVANCED DRAINAGE SYSTEMS INC$1,445,693
WERNER ENTERPRISES INC$1,441,525
ACUSHNET HOLDINGS CORP$1,437,229
CARDTRONICS PLC$1,399,803
CAVIUM INC$1,395,191
EHEALTH INC$1,388,982
MBIA INC$1,346,849
GRAPHIC PACKAGING HOLDING CO$1,344,680
WABASH NATIONAL CORP$1,306,667
POTLATCH CORP$1,286,638
CALLON PETROLEUM CO$1,284,383
SOLAR CAPITAL LTD$1,279,023
KATE SPADE & CO$1,261,184
KENNEDY-WILSON HOLDINGS INC$1,255,357
SPIRIT AIRLINES INC$1,222,452
TRI POINTE GROUP INC$1,197,652
SYNERGY RESOURCES CORP$1,197,079
PACIFIC PREMIER BANCORP INC$1,184,490
FIRST SOLAR INC$1,183,559
TELADOC INC$1,119,804
CINEMARK HOLDINGS INC$1,096,930
HORACE MANN EDUCATORS CORP$1,084,520
VERIFONE SYSTEMS INC$982,975
COOPER TIRE & RUBBER CO$945,820
BLUEBIRD BIO INC$905,636
OCLARO INC$898,508
BLUEPRINT MEDICINES CORP$879,479
DERMIRA INC$850,888
GLAUKOS CORP$850,135
BANC OF CALIFORNIA INC$834,286
FORUM ENERGY TECHNOLOGIES INC$802,464
ACACIA COMMUNICATIONS INC$792,077
ADURO BIOTECH INC$781,960
NATIONAL CINEMEDIA INC$740,805
JAMES RIVER GROUP HOLDINGS LTD$738,978
ZENDESK INC$728,892
CHEESECAKE FACTORY INC/THE$683,175
ASPEN TECHNOLOGY INC$638,640
ULTRAGENYX PHARMACEUTICAL INC$619,796
MKS INSTRUMENTS INC$362,074
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 1.125% 01/31/2019$25,958,929
UNITED STATES TREASURY NOTE/BOND 1.25% 05/31/2019$17,116,129
UNITED STATES TREASURY NOTE/BOND 0.75% 07/15/2019$11,565,130
UNITED STATES TREASURY NOTE/BOND 1.25% 04/30/2019$8,579,842
UNITED STATES TREASURY NOTE/BOND 1% 09/15/2018$8,253,904
UNITED STATES TREASURY NOTE/BOND 1.125% 02/28/2019$4,184,578
UNITED STATES TREASURY NOTE/BOND 1.25% 06/30/2019$3,904,602
BPCE SA 2.082% 05/31/2022$3,649,139
DOMINO'S PIZZA MASTER ISSUER LLC 0% 07/25/2047$3,592,244
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.974% 10/25/2029$3,557,589
UNITED STATES TREASURY NOTE/BOND 1% 03/15/2019$3,505,644
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-4 4% 05/25/2057$3,452,661
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.97% 08/25/2029$3,244,733
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-3 4% 04/25/2057$3,157,131
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$2,934,464
BMW VEHICLE LEASE TRUST 1.98% 05/20/2020$2,810,506
COMMONBOND STUDENT LOAN TRUST 2017-A-GS 1.926% 05/25/2041$2,772,425
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-2 1.6% 04/15/2021$2,665,833
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.186% 10/25/2029$2,655,180
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,534,548
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.127% 09/25/2029$2,496,860
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 02/26/2019$2,483,718
ABN AMRO BANK NV 2.1% 01/18/2019$2,481,343
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 08/28/2019$2,426,833
FEDERAL HOME LOAN MORTGAGE CORP 0.875% 07/19/2019$2,342,465
COLONY STARWOOD HOMES 2016-2 TRUST 2.022% 12/17/2033$2,316,789
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 1.34% 04/15/2022$2,283,355
WELLS FARGO & CO 1.964% 02/11/2022$2,118,862
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.465% 05/01/2042$2,068,468
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$2,039,200
CITIZENS BANK NA/PROVIDENCE RI 2.5% 03/14/2019$2,035,605
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$2,012,928
INTERNATIONAL LEASE FINANCE CORP 6.25% 05/15/2019$1,974,427
ROYAL BANK OF SCOTLAND GROUP PLC 2.652% 05/15/2023$1,931,825
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$1,916,773
VERIZON COMMUNICATIONS INC 4.5% 09/15/2020$1,913,580
ING BANK NV 2% 11/26/2018$1,888,953
WESTPAC BANKING CORP 2.15% 03/06/2020$1,864,360
BECTON DICKINSON AND CO 0% 06/06/2022$1,850,491
PRESTIGE AUTO RECEIVABLES TRUST 2016-1 1.99% 06/15/2020$1,845,231
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$1,845,050
SABINE PASS LIQUEFACTION LLC 5.625% 02/01/2021$1,841,258
MITSUBISHI UFJ FINANCIAL GROUP INC 1.97% 02/22/2022$1,839,321
UBS GROUP FUNDING SWITZERLAND AG 2.376% 05/23/2023$1,838,654
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$1,822,446
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,817,206
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$1,808,793
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.4% 02/21/2020$1,808,244
GOLDMAN SACHS GROUP INC/THE 2.6% 12/27/2020$1,800,606
VERIZON COMMUNICATIONS INC 1.722% 05/22/2020$1,797,100
ENLINK MIDSTREAM PARTNERS LP 2.7% 04/01/2019$1,796,814
ATHENE GLOBAL FUNDING 0% 07/01/2022$1,795,608
CENOVUS ENERGY INC 5.7% 10/15/2019$1,795,122
GENERAL MOTORS FINANCIAL CO INC 2.085% 04/13/2020$1,784,791
BANK OF AMERICA CORP 2.153% 04/24/2023$1,772,685
PHILIP MORRIS INTERNATIONAL INC 1.625% 02/21/2019$1,769,847
KINDER MORGAN INC/DE 3.05% 12/01/2019$1,730,501
SINOPEC GROUP OVERSEAS DEVELOPMENT 2017 LTD 2.375% 04/12/2020$1,706,548
ARES CAPITAL CORP 3.625% 01/19/2022$1,701,175
WALT DISNEY CO/THE 1.95% 03/04/2020$1,670,846
HUSKY ENERGY INC 7.25% 12/15/2019$1,667,574
VERIZON COMMUNICATIONS INC 2.137% 03/16/2022$1,629,990
CAPITAL ONE FINANCIAL CORP 2.056% 03/09/2022$1,622,850
BANK OF AMERICA CORP 2.6% 01/15/2019$1,615,669
CITIBANK NA 2% 03/20/2019$1,556,158
HSBC USA INC 2.375% 11/13/2019$1,513,049
JPMORGAN CHASE & CO 6.3% 04/23/2019$1,507,164
BECTON DICKINSON AND CO 2.133% 06/06/2019$1,487,951
JPMORGAN CHASE & CO 1% 06/01/2021$1,487,876
MIZUHO FINANCIAL GROUP INC 1.994% 02/28/2022$1,482,918
JP MORGAN MORTGAGE TRUST 2017-1 3.5% 01/25/2047$1,455,957
MORGAN STANLEY 2.21% 01/20/2022$1,450,095
SMITHFIELD FOODS INC 2.7% 01/31/2020$1,419,185
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.678% 07/25/2028$1,416,197
NEWELL BRANDS INC 2.15% 10/15/2018$1,403,983
ACTAVIS FUNDING SCS 3% 03/12/2020$1,384,615
AMERICAN EXPRESS CREDIT CORP 2.2% 03/03/2020$1,346,880
CARDINAL HEALTH INC 1.95% 06/15/2018$1,303,743
HSBC USA INC 1.625% 01/16/2018$1,300,538
FEDERAL HOME LOAN MORTGAGE CORP 1.125% 04/15/2019$1,294,387
CITIGROUP INC 2.45% 01/10/2020$1,278,386
AMGEN INC 1.9% 05/10/2019$1,266,757
PRUDENTIAL FINANCIAL INC 1.686% 08/15/2018$1,258,410
BB&T CORP 1.546% 02/01/2019$1,254,090
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD/NEW YORK NY 2.05% 09/23/2019$1,250,960
ABN AMRO BANK NV 2.5% 10/30/2018$1,250,390
SKANDINAVISKA ENSKILDA BANKEN AB 1.5% 09/13/2019$1,221,434
MORGAN STANLEY 2.026% 01/27/2020$1,218,611
WELLS FARGO BANK NA 1.8% 11/28/2018$1,217,713
WESTPAC BANKING CORP 1.6% 08/19/2019$1,210,901
HYUNDAI CAPITAL AMERICA 2.4% 10/30/2018$1,199,890
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$1,198,543
NATIONAL AUSTRALIA BANK LTD/NEW YORK 1.375% 07/12/2019$1,185,708
PFIZER INC 1.45% 06/03/2019$1,185,635
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$1,178,463
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,177,074
CELGENE CORP 2.125% 08/15/2018$1,164,799
CATERPILLAR FINANCIAL SERVICES CORP 1.9% 03/22/2019$1,164,660
ICICI BANK LTD/HONG KONG 5.75% 11/16/2020$1,164,579
STANLEY BLACK & DECKER INC 2.451% 11/17/2018$1,151,487
CAPITAL ONE BANK USA NA 2.25% 02/13/2019$1,128,436
SUMITOMO MITSUI TRUST BANK LTD 2.05% 03/06/2019$1,110,263
SOUTHERN CALIFORNIA EDISON CO 1.845% 02/01/2022$1,104,161
BANK OF MONTREAL 1.35% 08/28/2018$1,101,034
MOODY'S CORP 5.5% 09/01/2020$1,097,658
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.5% 02/28/2020$1,077,588
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$1,069,622
HYUNDAI CAPITAL AMERICA 2.875% 08/09/2018$1,069,005
SYNCHRONY FINANCIAL 1.875% 08/15/2017$1,065,253
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 4.1% 06/15/2021$1,026,694
SVENSKA HANDELSBANKEN AB 1.5% 09/06/2019$1,020,030
FIFTH THIRD BANK/CINCINNATI OH 1.821% 08/20/2018$1,004,977
RELIANCE STANDARD LIFE GLOBAL FUNDING II 2.15% 10/15/2018$1,002,338
HYUNDAI CAPITAL SERVICES INC 3% 03/06/2022$1,002,122
ATHENE GLOBAL FUNDING 2.75% 04/20/2020$997,575
UBS AG/LONDON 2.2% 06/08/2020$996,430
FIRST INVESTORS AUTO OWNER TRUST 2017-1 2.2% 03/15/2022$991,587
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2017-2 1.98% 12/20/2021$991,408
GENERAL MOTORS FINANCIAL CO INC 2.606% 06/30/2022$985,817
INVITATION HOMES 2015-SFR2 TRUST 1.888% 06/17/2032$982,553
CITIGROUP INC 2.5% 09/26/2018$981,904
BRANCH BANKING & TRUST CO 1.45% 05/10/2019$972,651
VIETNAM GOVERNMENT INTERNATIONAL BOND 6.75% 01/29/2020$961,154
HEWLETT PACKARD ENTERPRISE CO 2.85% 10/05/2018$953,377
ENBRIDGE ENERGY PARTNERS LP 4.375% 10/15/2020$947,977
PHILIP MORRIS INTERNATIONAL INC 2% 02/21/2020$937,353
SANTANDER HOLDINGS USA INC 3.7% 03/28/2022$932,878
ENTERPRISE FLEET FINANCING LLC 1.97% 01/20/2023$930,457
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2017-1 2.7% 10/17/2022$923,299
TECH DATA CORP 3.7% 02/15/2022$919,323
DISCOVER BANK/GREENWOOD DE 2.6% 11/13/2018$918,045
VERIZON COMMUNICATIONS INC 2.625% 02/21/2020$912,547
AT&T INC 2.3% 03/11/2019$905,711
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 2.3% 03/10/2019$902,736
WISCONSIN PUBLIC SERVICE CORP 1.65% 12/04/2018$898,354
MOLSON COORS BREWING CO 1.9% 03/15/2019$894,141
ING GROEP NV 2.302% 03/29/2022$884,941
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$867,227
GOLDMAN SACHS GROUP INC/THE 5.375% 03/15/2020$863,960
HYUNDAI CAPITAL AMERICA 2.55% 04/03/2020$863,404
UNITED STATES TREASURY NOTE/BOND 1.5% 06/15/2020$858,874
SHERWIN-WILLIAMS CO/THE 2.25% 05/15/2020$832,429
KRAFT HEINZ FOODS CO 2% 07/02/2018$832,304
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$816,727
VERIZON COMMUNICATIONS INC 2.606% 09/14/2018$814,619
PACCAR FINANCIAL CORP 1.3% 05/10/2019$813,697
GENERAL MOTORS FINANCIAL CO INC 2.65% 04/13/2020$809,279
SUNOCO LOGISTICS PARTNERS OPERATIONS LP 5.5% 02/15/2020$801,082
FORD MOTOR CREDIT CO LLC 2.738% 03/28/2022$780,639
VULCAN MATERIALS CO 1.846% 06/15/2020$775,281
ROYAL BANK OF CANADA 1.625% 04/15/2019$771,857
NOKIA OYJ 3.375% 06/12/2022$762,626
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.895% 11/25/2029$758,602
SLM CORP 5.125% 04/05/2022$741,313
INVITATION HOMES 2014-SFR2 TRUST 1.65% 09/17/2031$736,955
CISCO SYSTEMS INC 1.4% 09/20/2019$730,179
LENNAR CORP 4.125% 01/15/2022$726,250
CHEVRON CORP 1.686% 02/28/2019$710,668
PHILLIPS 66 1.906% 04/15/2020$706,500
FORD MOTOR CREDIT CO LLC 2.551% 10/05/2018$695,761
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$687,650
CARDINAL HEALTH INC 1.948% 06/14/2019$680,998
SUNTORY HOLDINGS LTD 2.55% 09/29/2019$680,813
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.4% 07/20/2018$678,573
SENEGAL GOVERNMENT INTERNATIONAL BOND 8.75% 05/13/2021$675,075
REYNOLDS AMERICAN INC 2.3% 06/12/2018$663,027
BPCE SA 2.392% 05/22/2022$656,224
IMPERIAL TOBACCO FINANCE PLC 2.05% 02/11/2018$650,740
GOLDMAN SACHS GROUP INC/THE 2.006% 11/15/2018$641,728
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$641,008
HUNTINGTON NATIONAL BANK/THE 2.375% 03/10/2020$627,613
CNH INDUSTRIAL CAPITAL LLC 3.875% 07/16/2018$621,590
MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV 1.625% 10/28/2019$619,477
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$608,915
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-4 2.97% 03/15/2021$607,558
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$606,150
MIZUHO BANK LTD 2.4% 03/26/2020$605,789
DELTA AIR LINES INC 2.875% 03/13/2020$603,168
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 2.3% 11/15/2019$601,059
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.7% 07/19/2019$594,928
MORGAN STANLEY 2.45% 02/01/2019$594,168
BANK OF AMERICA CORP 1.936% 03/22/2018$593,631
METROPOLITAN LIFE GLOBAL FUNDING I 1.95% 12/03/2018$590,809
QUALCOMM INC 1.85% 05/20/2019$571,457
BANK OF AMERICA NA 2.05% 12/07/2018$567,737
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$561,749
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.184% 01/25/2024$551,401
DOMINION ENERGY INC 1.771% 06/01/2019$547,094
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-2 2.66% 11/15/2021$544,034
HYUNDAI AUTO RECEIVABLES TRUST 2016-B 2.68% 09/15/2023$536,905
PNC BANK NA 1.95% 03/04/2019$531,085
ENSTAR GROUP LTD 4.5% 03/10/2022$526,712
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$516,987
BERKSHIRE HATHAWAY ENERGY CO 5.75% 04/01/2018$514,998
CITIZENS BANK NA/PROVIDENCE RI 2.25% 03/02/2020$514,848
MYLAN NV 2.5% 06/07/2019$514,315
ASTON MARTIN CAPITAL HOLDINGS LTD 6.5% 04/15/2022$492,913
AMERICAN EXPRESS CREDIT CORP 1.875% 05/03/2019$490,092
SEAGATE HDD CAYMAN 4.25% 03/01/2022$488,413
DRIVE AUTO RECEIVABLES TRUST 2016-B 3.19% 07/15/2022$485,346
BERKSHIRE HATHAWAY FINANCE CORP 1.7% 03/15/2019$481,260
STANDARD CHARTERED PLC 2.1% 08/19/2019$478,482
MOODY'S CORP 2.75% 12/15/2021$469,383
FORD MOTOR CREDIT CO LLC 2.262% 03/28/2019$466,464
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-2 3.02% 04/15/2021$460,916
EI DU PONT DE NEMOURS & CO 2.2% 05/01/2020$457,656
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.742% 09/25/2028$453,558
INTERNATIONAL LEASE FINANCE CORP 3.875% 04/15/2018$441,705
CITIZENS BANK NA/PROVIDENCE RI 2.2% 05/26/2020$429,561
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$428,450
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$427,980
HYUNDAI CAPITAL SERVICES INC 1.625% 08/30/2019$422,033
CITIGROUP INC 2.05% 12/07/2018$410,753
NVIDIA CORP 2.2% 09/16/2021$405,833
ONEOK INC 4.25% 02/01/2022$404,625
DOMINION ENERGY INC 2.579% 07/01/2020$402,354
CAPITAL ONE NA/MCLEAN VA 1.65% 02/05/2018$389,896
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$382,200
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-1 3.24% 04/15/2021$380,318
CBOE HOLDINGS INC 1.95% 06/28/2019$380,054
BMW US CAPITAL LLC 1.5% 04/11/2019$368,636
COLONY AMERICAN HOMES 2014-2 1.474% 07/17/2031$367,512
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$362,425
SEAGATE HDD CAYMAN 3.75% 11/15/2018$358,619
HUNTINGTON NATIONAL BANK/THE 2.2% 11/06/2018$351,076
HEWLETT PACKARD ENTERPRISE CO 2.45% 10/05/2017$335,858
GLENCORE FUNDING LLC 2.24% 01/15/2019$333,099
CSMC TRUST 2013-IVR2 1.55% 04/25/2043$330,958
CITIGROUP INC 2.05% 06/07/2019$320,356
ACTAVIS FUNDING SCS 2.1% 03/12/2020$317,028
CREDIT SUISSE AG/NEW YORK NY 1.566% 04/27/2018$316,252
FIFTH THIRD BANK/CINCINNATI OH 2.3% 03/15/2019$312,020
IMPERIAL TOBACCO FINANCE PLC 2.05% 07/20/2018$310,196
CISCO SYSTEMS INC 1.6% 02/28/2019$310,055
SANTANDER UK PLC 2.5% 03/14/2019$307,545
VERIZON OWNER TRUST 2016-1 1.42% 01/20/2021$298,891
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.42% 06/21/2021$290,061
WANT WANT CHINA FINANCE LTD 1.875% 05/14/2018$289,169
DAIMLER FINANCE NORTH AMERICA LLC 2.2% 05/05/2020$285,115
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.2% 07/21/2021$284,954
COLONY AMERICAN HOMES 2014-1 1.7% 05/17/2031$276,969
TENET HEALTHCARE CORP 6.25% 11/01/2018$274,365
GREAT PLAINS ENERGY INC 2.5% 03/09/2020$272,695
MISSOURI HIGHER EDUCATION LOAN AUTHORITY 1.422% 01/26/2026$266,764
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$261,375
EXXON MOBIL CORP 1.708% 03/01/2019$260,633
STARWOOD PROPERTY TRUST INC 5% 12/15/2021$260,625
DXC TECHNOLOGY CO 2.875% 03/27/2020$253,309
CITIZENS BANK NA/PROVIDENCE RI 2.3% 12/03/2018$250,982
STRYKER CORP 2% 03/08/2019$250,793
COMPASS BANK 1.85% 09/29/2017$250,070
DISH DBS CORP 4.625% 07/15/2017$245,306
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$241,858
BANCO DE CREDITO DEL PERU/PANAMA 2.25% 10/25/2019$240,948
NCUA GUARANTEED NOTES TRUST 2010-R1 0.981% 10/07/2020$234,425
EBAY INC 2.5% 03/09/2018$231,367
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.834% 10/25/2028$224,288
BANK OF AMERICA CORP 2.151% 11/09/2020$224,161
SEQUOIA MORTGAGE TRUST 2013-4 1.55% 04/25/2043$221,411
BAXALTA INC 1.646% 06/22/2018$221,120
IHO VERWALTUNGS GMBH 4.125% 09/15/2021$204,250
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.87% 11/08/2021$202,126
NOVELIS CORP 6.25% 08/15/2024$199,975
TSMC GLOBAL LTD 1.625% 04/03/2018$199,633
ALLY FINANCIAL INC 3.25% 09/29/2017$195,653
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.784% 07/25/2024$192,150
THERMO FISHER SCIENTIFIC INC 2.15% 12/14/2018$190,780
TECO FINANCE INC 1.476% 04/10/2018$190,462
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.649% 09/01/2018$189,480
APPLE INC 1.7% 02/22/2019$180,538
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2014-3 2.65% 08/17/2020$171,145
CHEVRON CORP 1.79% 11/16/2018$170,555
WHIRLPOOL CORP 1.65% 11/01/2017$169,989
FORTIVE CORP 1.8% 06/15/2019$168,862
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.584% 10/25/2023$167,882
DOMINION RESOURCES INC/VA 2.962% 07/01/2019$162,471
AUTODESK INC 1.95% 12/15/2017$150,240
FIDELITY NATIONAL INFORMATION SERVICES INC 2% 04/15/2018$150,235
SYNCHRONY FINANCIAL 2.111% 02/03/2020$141,110
SEQUOIA MORTGAGE TRUST 2013-1 1.45% 02/25/2043$140,051
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.11% 03/22/2021$140,043
AES CORP/VA 3.842% 06/01/2019$139,348
EXELON GENERATION CO LLC 2.95% 01/15/2020$132,082
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$126,000
BAXALTA INC 2% 06/22/2018$120,222
IAC/INTERACTIVECORP 4.875% 11/30/2018$120,131
AT&T INC 5.5% 02/01/2018$112,379
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 2.5% 06/15/2019$110,610
KINDER MORGAN INC/DE 2% 12/01/2017$110,070
GSAMP TRUST 2004-SEA2 1.242% 03/25/2034$97,706
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.042% 11/25/2023$78,578
SOUTHERN POWER CO 1.85% 12/01/2017$70,068
JOHNSON CONTROLS INTERNATIONAL PLC 1.4% 11/02/2017$69,960
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 1.78% 12/25/2065$66,759
LOCKHEED MARTIN CORP 1.85% 11/23/2018$47,094
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$35,373
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$7,718,081
BLACKROCK TEMP FUND$7,488,050
 
Other
Holding NameMarket Value
USD$1,857,314
EURO$81,917
CURRENCY CONTRACT$21,203
US 5YR NOTE (CBT) BOND SEP17 (FVU7) COMDTY$17,231
EURO-BOBL FUTURE BOND SEP17 (OEU7) COMDTY$3,788
US 2YR NOTE (CBT) BOND SEP17 (TUU7) COMDTY$-12,415
CURRENCY CONTRACT$-72,729
CURRENCY CONTRACT$-131,775
RUSSELL 2000 MINI EQUITY INDEX SEP17 (RTAU7)$-673,173
USD$-2,500,025
All Holdings As of May 31, 2017
Equity
Holding NameMarket Value
CLEAN HARBORS INC$2,262,687
VONAGE HOLDINGS CORP$2,128,639
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC$2,072,309
HUBSPOT INC$2,038,555
MOLINA HEALTHCARE INC$2,026,659
PS BUSINESS PARKS INC$1,909,480
LASALLE HOTEL PROPERTIES$1,872,607
KIRBY CORP$1,872,424
INSULET CORP$1,871,107
FCB FINANCIAL HOLDINGS INC$1,870,655
TELEDYNE TECHNOLOGIES INC$1,870,598
KINDRED HEALTHCARE INC$1,859,109
ENTEGRIS INC$1,855,019
FIRSTCASH INC$1,847,009
DECKERS OUTDOOR CORP$1,844,976
MB FINANCIAL INC$1,843,670
STERLING BANCORP/DE$1,842,341
WESTERN ALLIANCE BANCORP$1,841,830
REXFORD INDUSTRIAL REALTY INC$1,835,288
LIFEPOINT HEALTH INC$1,807,706
NEW YORK TIMES CO/THE$1,802,768
CALLIDUS SOFTWARE INC$1,782,534
TIMKEN CO/THE$1,782,128
EHEALTH INC$1,777,333
NU SKIN ENTERPRISES INC$1,724,549
BLACK HILLS CORP$1,724,453
2U INC$1,704,827
REDWOOD TRUST INC$1,701,644
HAEMONETICS CORP$1,700,485
PERFORMANCE FOOD GROUP CO$1,698,000
TRINET GROUP INC$1,691,376
BLOOMIN' BRANDS INC$1,666,196
POLYONE CORP$1,665,327
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC$1,664,678
CIENA CORP$1,660,459
BROADSOFT INC$1,641,000
AIR LEASE CORP$1,639,765
SANDERSON FARMS INC$1,633,668
DELEK US HOLDINGS INC$1,631,512
PATTERN ENERGY GROUP INC$1,620,643
MFA FINANCIAL INC$1,615,578
LIFE STORAGE INC$1,604,508
TENNECO INC$1,603,454
MGIC INVESTMENT CORP$1,601,505
FERRO CORP$1,595,552
CAVIUM INC$1,594,759
ASSURED GUARANTY LTD$1,588,687
HORACE MANN EDUCATORS CORP$1,583,206
MASONITE INTERNATIONAL CORP$1,573,753
TEXAS CAPITAL BANCSHARES INC$1,559,456
GATX CORP$1,554,272
AMERIS BANCORP$1,534,417
STATE BANK FINANCIAL CORP$1,506,196
MINERALS TECHNOLOGIES INC$1,492,747
MIMEDX GROUP INC$1,488,302
WATTS WATER TECHNOLOGIES INC$1,476,055
CHEESECAKE FACTORY INC/THE$1,467,540
OUTFRONT MEDIA INC$1,465,508
ALLSCRIPTS HEALTHCARE SOLUTIONS INC$1,456,099
JOHN BEAN TECHNOLOGIES CORP$1,446,043
METHANEX CORP$1,430,179
CARDTRONICS PLC$1,419,937
SOUTH STATE CORP$1,414,694
GLOBUS MEDICAL INC$1,404,783
KEMPER CORP$1,393,276
LINDBLAD EXPEDITIONS HOLDINGS INC$1,387,968
ADVANCED DRAINAGE SYSTEMS INC$1,340,481
ACUSHNET HOLDINGS CORP$1,339,519
CALLON PETROLEUM CO$1,333,632
MOMENTA PHARMACEUTICALS INC$1,328,200
WERNER ENTERPRISES INC$1,302,550
SWIFT TRANSPORTATION CO$1,287,049
GRAPHIC PACKAGING HOLDING CO$1,283,018
SOLAR CAPITAL LTD$1,263,818
KENNEDY-WILSON HOLDINGS INC$1,257,007
POTLATCH CORP$1,253,550
LA-Z-BOY INC$1,241,578
SPIRIT AIRLINES INC$1,223,105
KATE SPADE & CO$1,222,756
SYNERGY RESOURCES CORP$1,190,983
WABASH NATIONAL CORP$1,156,541
CHICO'S FAS INC$1,154,659
FIRST SOLAR INC$1,142,900
CINEMARK HOLDINGS INC$1,117,259
PACIFIC PREMIER BANCORP INC$1,091,400
VERIFONE SYSTEMS INC$993,293
TELADOC INC$987,493
MONOLITHIC POWER SYSTEMS INC$913,456
ACACIA COMMUNICATIONS INC$898,464
OCLARO INC$854,256
MBIA INC$845,814
FORUM ENERGY TECHNOLOGIES INC$835,900
GLAUKOS CORP$834,555
ARMSTRONG FLOORING INC$808,253
MKS INSTRUMENTS INC$807,690
NATIONAL CINEMEDIA INC$759,999
GREAT WESTERN BANCORP INC$754,512
ASPEN TECHNOLOGY INC$706,826
ZENDESK INC$681,663
BLUEBIRD BIO INC$649,592
BLUEPRINT MEDICINES CORP$622,769
ADURO BIOTECH INC$566,930
ULTRAGENYX PHARMACEUTICAL INC$537,369
DERMIRA INC$479,850
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 1.125% 01/31/2019$26,000,635
UNITED STATES TREASURY NOTE/BOND 0.75% 07/15/2019$11,582,972
UNITED STATES TREASURY NOTE/BOND 1.25% 04/30/2019$8,595,803
UNITED STATES TREASURY NOTE/BOND 1% 09/15/2018$8,261,998
UNITED STATES TREASURY NOTE/BOND 0.625% 06/30/2018$8,078,476
UNITED STATES TREASURY NOTE/BOND 1.25% 12/31/2018$7,502,198
UNITED STATES TREASURY NOTE/BOND 1% 11/30/2018$5,895,475
UNITED STATES TREASURY NOTE/BOND 1.125% 02/28/2019$4,191,142
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.974% 10/25/2029$3,672,388
BPCE SA 2.082% 05/31/2022$3,649,135
UNITED STATES TREASURY NOTE/BOND 1% 03/15/2019$3,510,811
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.97% 08/25/2029$3,229,244
UNITED STATES TREASURY NOTE/BOND 1% 08/15/2018$3,207,715
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$2,938,201
MMAF EQUIPMENT FINANCE LLC 2015-A 1.39% 10/16/2019$2,876,279
BMW VEHICLE LEASE TRUST 1.98% 05/20/2020$2,814,934
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-2 1.6% 04/15/2021$2,668,283
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.186% 10/25/2029$2,654,453
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,535,248
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.127% 09/25/2029$2,502,323
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 02/26/2019$2,486,758
ABN AMRO BANK NV 2.1% 01/18/2019$2,482,220
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 08/28/2019$2,430,028
FEDERAL HOME LOAN MORTGAGE CORP 0.875% 07/19/2019$2,346,409
COLONY STARWOOD HOMES 2016-2 TRUST 2.022% 12/17/2033$2,313,751
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 1.34% 04/15/2022$2,287,629
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.465% 05/01/2042$2,214,262
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.5% 02/28/2020$2,192,816
UNITED STATES TREASURY NOTE/BOND 1.25% 12/15/2018$2,156,632
WELLS FARGO & CO 1.964% 02/11/2022$2,115,971
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$2,040,309
CITIZENS BANK NA/PROVIDENCE RI 2.5% 03/14/2019$2,038,226
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$2,016,664
INTERNATIONAL LEASE FINANCE CORP 6.25% 05/15/2019$1,979,224
VERIZON COMMUNICATIONS INC 4.5% 09/15/2020$1,920,237
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$1,919,881
ROYAL BANK OF SCOTLAND GROUP PLC 2.652% 05/15/2023$1,916,404
ING BANK NV 2% 11/26/2018$1,888,723
WESTPAC BANKING CORP 2.15% 03/06/2020$1,868,111
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$1,854,152
SABINE PASS LIQUEFACTION LLC 5.625% 02/01/2021$1,850,149
BECTON DICKINSON AND CO 0% 06/06/2022$1,849,815
TECH DATA CORP 3.7% 02/15/2022$1,848,033
PRESTIGE AUTO RECEIVABLES TRUST 2016-1 1.99% 06/15/2020$1,847,024
UBS GROUP FUNDING SWITZERLAND AG 2.376% 05/23/2023$1,833,295
MITSUBISHI UFJ FINANCIAL GROUP INC 1.97% 02/22/2022$1,831,604
CENOVUS ENERGY INC 5.7% 10/15/2019$1,823,726
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$1,823,290
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,821,087
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$1,812,595
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.4% 02/21/2020$1,811,210
GOLDMAN SACHS GROUP INC/THE 2.6% 12/27/2020$1,803,915
ENLINK MIDSTREAM PARTNERS LP 2.7% 04/01/2019$1,802,929
VERIZON COMMUNICATIONS INC 1.722% 05/22/2020$1,796,384
GENERAL MOTORS FINANCIAL CO INC 2.085% 04/13/2020$1,779,874
PHILIP MORRIS INTERNATIONAL INC 1.625% 02/21/2019$1,771,826
BANK OF AMERICA CORP 2.153% 04/24/2023$1,769,315
KINDER MORGAN INC/DE 3.05% 12/01/2019$1,737,460
SINOPEC GROUP OVERSEAS DEVELOPMENT 2017 LTD 2.375% 04/12/2020$1,705,984
ARES CAPITAL CORP 3.625% 01/19/2022$1,692,844
HUSKY ENERGY INC 7.25% 12/15/2019$1,686,428
WALT DISNEY CO/THE 1.95% 03/04/2020$1,674,918
VERIZON COMMUNICATIONS INC 2.137% 03/16/2022$1,630,679
CAPITAL ONE FINANCIAL CORP 2.056% 03/09/2022$1,625,319
BANK OF AMERICA CORP 2.6% 01/15/2019$1,615,813
CITIBANK NA 2% 03/20/2019$1,556,570
HSBC USA INC 2.375% 11/13/2019$1,511,262
JPMORGAN CHASE & CO 6.3% 04/23/2019$1,510,880
BECTON DICKINSON AND CO 2.133% 06/06/2019$1,487,664
JPMORGAN CHASE & CO 1% 06/01/2021$1,484,571
MIZUHO FINANCIAL GROUP INC 1.994% 02/28/2022$1,482,739
JP MORGAN MORTGAGE TRUST 2017-1 3.5% 01/25/2047$1,482,342
MORGAN STANLEY 2.21% 01/20/2022$1,449,544
SMITHFIELD FOODS INC 2.7% 01/31/2020$1,421,842
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.678% 07/25/2028$1,417,858
NEWELL BRANDS INC 2.15% 10/15/2018$1,407,931
ACTAVIS FUNDING SCS 3% 03/12/2020$1,385,600
AMERICAN EXPRESS CREDIT CORP 2.2% 03/03/2020$1,350,070
CARDINAL HEALTH INC 1.95% 06/15/2018$1,303,634
HSBC USA INC 1.625% 01/16/2018$1,300,432
HYUNDAI CAPITAL AMERICA 4% 06/08/2017$1,300,254
FEDERAL HOME LOAN MORTGAGE CORP 1.125% 04/15/2019$1,295,605
CITIGROUP INC 2.45% 01/10/2020$1,279,985
AMGEN INC 1.9% 05/10/2019$1,267,211
PRUDENTIAL FINANCIAL INC 1.686% 08/15/2018$1,256,951
BB&T CORP 1.546% 02/01/2019$1,253,358
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD/NEW YORK NY 2.05% 09/23/2019$1,252,411
ABN AMRO BANK NV 2.5% 10/30/2018$1,251,045
UNITED STATES TREASURY NOTE/BOND 1.625% 03/15/2020$1,240,634
SKANDINAVISKA ENSKILDA BANKEN AB 1.5% 09/13/2019$1,221,878
MORGAN STANLEY 2.026% 01/27/2020$1,220,348
WELLS FARGO BANK NA 1.8% 11/28/2018$1,217,791
WESTPAC BANKING CORP 1.6% 08/19/2019$1,213,053
HYUNDAI CAPITAL AMERICA 2.4% 10/30/2018$1,201,509
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$1,198,525
PFIZER INC 1.45% 06/03/2019$1,188,535
NATIONAL AUSTRALIA BANK LTD/NEW YORK 1.375% 07/12/2019$1,186,183
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$1,181,630
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,177,209
CELGENE CORP 2.125% 08/15/2018$1,166,582
CATERPILLAR FINANCIAL SERVICES CORP 1.9% 03/22/2019$1,164,015
STANLEY BLACK & DECKER INC 2.451% 11/17/2018$1,151,816
CAPITAL ONE BANK USA NA 2.25% 02/13/2019$1,128,824
SUMITOMO MITSUI TRUST BANK LTD 2.05% 03/06/2019$1,111,369
SOUTHERN CALIFORNIA EDISON CO 1.845% 02/01/2022$1,105,204
BANK OF MONTREAL 1.35% 08/28/2018$1,100,517
MOODY'S CORP 5.5% 09/01/2020$1,099,402
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$1,071,161
HYUNDAI CAPITAL AMERICA 2.875% 08/09/2018$1,070,224
SYNCHRONY FINANCIAL 1.875% 08/15/2017$1,065,327
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 4.1% 06/15/2021$1,028,922
SVENSKA HANDELSBANKEN AB 1.5% 09/06/2019$1,020,120
HYUNDAI CAPITAL SERVICES INC 3% 03/06/2022$1,007,118
FIFTH THIRD BANK/CINCINNATI OH 1.821% 08/20/2018$1,005,388
RELIANCE STANDARD LIFE GLOBAL FUNDING II 2.15% 10/15/2018$1,004,160
ATHENE GLOBAL FUNDING 2.75% 04/20/2020$1,000,242
FIRST INVESTORS AUTO OWNER TRUST 2017-1 2.2% 03/15/2022$993,462
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2017-2 1.98% 12/20/2021$993,263
CITIGROUP INC 2.5% 09/26/2018$982,737
INVITATION HOMES 2015-SFR2 TRUST 1.888% 06/17/2032$979,890
BRANCH BANKING & TRUST CO 1.45% 05/10/2019$974,163
HEWLETT PACKARD ENTERPRISE CO 2.85% 10/05/2018$958,267
ENBRIDGE ENERGY PARTNERS LP 4.375% 10/15/2020$952,419
PHILIP MORRIS INTERNATIONAL INC 2% 02/21/2020$938,736
SANTANDER HOLDINGS USA INC 3.7% 03/28/2022$929,962
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2017-1 2.7% 10/17/2022$924,875
DISCOVER BANK/GREENWOOD DE 2.6% 11/13/2018$918,094
VERIZON COMMUNICATIONS INC 2.625% 02/21/2020$916,337
TESORO CORP 4.75% 12/15/2023$909,450
AT&T INC 2.3% 03/11/2019$906,582
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 2.3% 03/10/2019$905,121
WISCONSIN PUBLIC SERVICE CORP 1.65% 12/04/2018$899,930
MOLSON COORS BREWING CO 1.9% 03/15/2019$895,599
ASHLAND INC 3.875% 04/15/2018$891,406
ING GROEP NV 2.302% 03/29/2022$882,779
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$878,198
HYUNDAI CAPITAL AMERICA 2.55% 04/03/2020$867,463
GOLDMAN SACHS GROUP INC/THE 5.375% 03/15/2020$866,800
CVS HEALTH CORP 1.9% 07/20/2018$852,535
ROYAL BANK OF CANADA 2.125% 03/02/2020$843,184
SHERWIN-WILLIAMS CO/THE 2.25% 05/15/2020$833,943
KRAFT HEINZ FOODS CO 2% 07/02/2018$832,619
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$818,919
VERIZON COMMUNICATIONS INC 2.606% 09/14/2018$815,326
PACCAR FINANCIAL CORP 1.3% 05/10/2019$813,379
GENERAL MOTORS FINANCIAL CO INC 2.65% 04/13/2020$809,578
SUNOCO LOGISTICS PARTNERS OPERATIONS LP 5.5% 02/15/2020$808,528
FORD MOTOR CREDIT CO LLC 2.738% 03/28/2022$780,299
ROYAL BANK OF CANADA 1.625% 04/15/2019$771,772
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.895% 11/25/2029$762,458
SLM CORP 5.125% 04/05/2022$744,938
INVITATION HOMES 2014-SFR2 TRUST 1.65% 09/17/2031$737,507
CISCO SYSTEMS INC 1.4% 09/20/2019$731,309
LENNAR CORP 4.125% 01/15/2022$720,125
CHEVRON CORP 1.686% 02/28/2019$711,071
PHILLIPS 66 1.906% 04/15/2020$706,170
FORD MOTOR CREDIT CO LLC 2.551% 10/05/2018$695,804
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$690,832
SENEGAL GOVERNMENT INTERNATIONAL BOND 8.75% 05/13/2021$680,986
SUNTORY HOLDINGS LTD 2.55% 09/29/2019$678,386
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.4% 07/20/2018$677,084
REYNOLDS AMERICAN INC 2.3% 06/12/2018$663,546
BPCE SA 2.392% 05/22/2022$652,472
IMPERIAL TOBACCO FINANCE PLC 2.05% 02/11/2018$650,333
GOLDMAN SACHS GROUP INC/THE 2.006% 11/15/2018$642,332
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$641,592
HUNTINGTON NATIONAL BANK/THE 2.375% 03/10/2020$630,311
CNH INDUSTRIAL CAPITAL LLC 3.875% 07/16/2018$622,200
MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV 1.625% 10/28/2019$617,501
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$610,237
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-4 2.97% 03/15/2021$608,558
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$607,686
DELTA AIR LINES INC 2.875% 03/13/2020$603,821
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 2.3% 11/15/2019$601,567
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.7% 07/19/2019$595,456
MORGAN STANLEY 2.45% 02/01/2019$594,710
BANK OF AMERICA CORP 1.936% 03/22/2018$594,234
METROPOLITAN LIFE GLOBAL FUNDING I 1.95% 12/03/2018$591,419
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.184% 01/25/2024$573,737
QUALCOMM INC 1.85% 05/20/2019$571,355
BANK OF AMERICA NA 2.05% 12/07/2018$568,210
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$562,026
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-2 2.66% 11/15/2021$543,073
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$539,206
HYUNDAI AUTO RECEIVABLES TRUST 2016-B 2.68% 09/15/2023$538,684
PNC BANK NA 1.95% 03/04/2019$531,586
ENSTAR GROUP LTD 4.5% 03/10/2022$524,632
BERKSHIRE HATHAWAY ENERGY CO 5.75% 04/01/2018$517,250
CITIZENS BANK NA/PROVIDENCE RI 2.25% 03/02/2020$516,409
MYLAN NV 2.5% 06/07/2019$513,367
ASTON MARTIN CAPITAL HOLDINGS LTD 6.5% 04/15/2022$493,500
AMERICAN EXPRESS CREDIT CORP 1.875% 05/03/2019$490,535
DRIVE AUTO RECEIVABLES TRUST 2016-B 3.19% 07/15/2022$486,284
SEAGATE HDD CAYMAN 4.25% 03/01/2022$484,166
BERKSHIRE HATHAWAY FINANCE CORP 1.7% 03/15/2019$481,979
STANDARD CHARTERED PLC 2.1% 08/19/2019$478,598
MOODY'S CORP 2.75% 12/15/2021$470,001
FORD MOTOR CREDIT CO LLC 2.262% 03/28/2019$466,334
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-2 3.02% 04/15/2021$461,403
COLONY AMERICAN HOMES 2014-2 1.474% 07/17/2031$459,930
EI DU PONT DE NEMOURS & CO 2.2% 05/01/2020$457,023
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.742% 09/25/2028$453,613
INTERNATIONAL LEASE FINANCE CORP 3.875% 04/15/2018$442,162
CITIZENS BANK NA/PROVIDENCE RI 2.2% 05/26/2020$430,446
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$427,938
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$427,646
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$425,851
HYUNDAI CAPITAL SERVICES INC 1.625% 08/30/2019$422,399
CITIGROUP INC 2.05% 12/07/2018$411,303
NVIDIA CORP 2.2% 09/16/2021$407,734
ONEOK INC 4.25% 02/01/2022$404,625
DOMINION ENERGY INC 2.579% 07/01/2020$403,409
CAPITAL ONE NA/MCLEAN VA 1.65% 02/05/2018$389,967
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-1 3.24% 04/15/2021$379,163
BMW US CAPITAL LLC 1.5% 04/11/2019$369,073
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$362,863
CAPITAL ONE NA/MCLEAN VA 1.5% 09/05/2017$360,005
SEAGATE HDD CAYMAN 3.75% 11/15/2018$359,406
HUNTINGTON NATIONAL BANK/THE 2.2% 11/06/2018$351,410
WALGREENS BOOTS ALLIANCE INC 1.75% 05/30/2018$342,902
CSMC TRUST 2013-IVR2 1.55% 04/25/2043$337,981
HEWLETT PACKARD ENTERPRISE CO 2.45% 10/05/2017$335,918
GLENCORE FUNDING LLC 2.24% 01/15/2019$333,185
CITIGROUP INC 2.05% 06/07/2019$320,335
ACTAVIS FUNDING SCS 2.1% 03/12/2020$316,738
CREDIT SUISSE AG/NEW YORK NY 1.566% 04/27/2018$316,460
FIFTH THIRD BANK/CINCINNATI OH 2.3% 03/15/2019$312,462
CISCO SYSTEMS INC 1.6% 02/28/2019$310,501
IMPERIAL TOBACCO FINANCE PLC 2.05% 07/20/2018$310,218
SANTANDER UK PLC 2.5% 03/14/2019$307,979
VERIZON OWNER TRUST 2016-1 1.42% 01/20/2021$299,291
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.42% 06/21/2021$290,707
WANT WANT CHINA FINANCE LTD 1.875% 05/14/2018$289,033
DAIMLER FINANCE NORTH AMERICA LLC 2.2% 05/05/2020$285,466
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.2% 07/21/2021$284,651
COLONY AMERICAN HOMES 2014-1 1.7% 05/17/2031$282,423
FORD MOTOR CREDIT CO LLC 3% 06/12/2017$280,088
TENET HEALTHCARE CORP 6.25% 11/01/2018$275,600
GREAT PLAINS ENERGY INC 2.5% 03/09/2020$272,901
MISSOURI HIGHER EDUCATION LOAN AUTHORITY 1.422% 01/26/2026$271,097
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.834% 10/25/2028$262,342
STARWOOD PROPERTY TRUST INC 5% 12/15/2021$261,250
EXXON MOBIL CORP 1.708% 03/01/2019$260,937
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$259,463
DXC TECHNOLOGY CO 2.875% 03/27/2020$253,708
CITIZENS BANK NA/PROVIDENCE RI 2.3% 12/03/2018$251,221
STRYKER CORP 2% 03/08/2019$250,873
CITIGROUP INC 1.85% 11/24/2017$250,553
COMPASS BANK 1.85% 09/29/2017$250,037
DISH DBS CORP 4.625% 07/15/2017$245,919
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$242,036
NCUA GUARANTEED NOTES TRUST 2010-R1 0.981% 10/07/2020$241,384
AETNA INC 1.7% 06/07/2018$240,276
BANCO DE CREDITO DEL PERU/PANAMA 2.25% 10/25/2019$240,012
EBAY INC 2.5% 03/09/2018$231,702
BANK OF AMERICA CORP 2.151% 11/09/2020$224,648
SEQUOIA MORTGAGE TRUST 2013-4 1.55% 04/25/2043$223,891
BAXALTA INC 1.646% 06/22/2018$221,251
PACCAR FINANCIAL CORP 1.45% 03/09/2018$220,168
IHO VERWALTUNGS GMBH 4.125% 09/15/2021$204,750
SYMANTEC CORP 5% 04/15/2025$202,800
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.87% 11/08/2021$202,210
NOVELIS CORP 6.25% 08/15/2024$200,659
TSMC GLOBAL LTD 1.625% 04/03/2018$199,662
ALLY FINANCIAL INC 3.25% 09/29/2017$196,048
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.784% 07/25/2024$192,265
THERMO FISHER SCIENTIFIC INC 2.15% 12/14/2018$191,103
TECO FINANCE INC 1.476% 04/10/2018$190,286
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.649% 09/01/2018$189,721
APPLE INC 1.7% 02/22/2019$180,755
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.584% 10/25/2023$177,160
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2014-3 2.65% 08/17/2020$171,663
CHEVRON CORP 1.79% 11/16/2018$170,829
WHIRLPOOL CORP 1.65% 11/01/2017$170,107
FORTIVE CORP 1.8% 06/15/2019$169,355
DOMINION RESOURCES INC/VA 2.962% 07/01/2019$162,517
AMPHENOL CORP 1.55% 09/15/2017$160,011
FIDELITY NATIONAL INFORMATION SERVICES INC 2% 04/15/2018$150,336
AUTODESK INC 1.95% 12/15/2017$150,140
SEQUOIA MORTGAGE TRUST 2013-1 1.45% 02/25/2043$142,795
SYNCHRONY FINANCIAL 2.111% 02/03/2020$141,201
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.11% 03/22/2021$140,338
AES CORP/VA 3.842% 06/01/2019$139,695
EXELON GENERATION CO LLC 2.95% 01/15/2020$132,508
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$127,125
BAXALTA INC 2% 06/22/2018$120,250
IAC/INTERACTIVECORP 4.875% 11/30/2018$120,250
AT&T INC 5.5% 02/01/2018$112,878
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 2.5% 06/15/2019$110,908
KINDER MORGAN INC/DE 2% 12/01/2017$110,142
GSAMP TRUST 2004-SEA2 1.242% 03/25/2034$107,535
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.042% 11/25/2023$89,352
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 1.78% 12/25/2065$72,212
SOUTHERN POWER CO 1.85% 12/01/2017$70,095
FIDELITY NATIONAL INFORMATION SERVICES INC 1.45% 06/05/2017$70,000
JOHNSON CONTROLS INTERNATIONAL PLC 1.4% 11/02/2017$69,898
LOCKHEED MARTIN CORP 1.85% 11/23/2018$47,176
TRANSALTA CORP 1.9% 06/03/2017$46,000
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$42,571
 
Short-Term/Cash
Holding NameMarket Value
BLACKROCK TEMP FUND$11,148,055
FIDELITY INSTITUTIONAL MONEY MARKET$11,148,055
 
Other
Holding NameMarket Value
RUSSELL 2000 MINI EQUITY INDEX JUN17 (RTAM7)$2,299,256
EURO-BOBL FUTURE BOND JUN17 (OEM7) COMDTY$41,896
US 2YR NOTE (CBT) BOND SEP17 (TUU7) COMDTY$5,960
CURRENCY CONTRACT$3,206
US 5YR NOTE (CBT) BOND SEP17 (FVU7) COMDTY$-14,303
CURRENCY CONTRACT$-54,731
EURO$-96,222
CURRENCY CONTRACT$-103,641
USD$-4,749,981
USD$-4,978,896

Footnotes

1.

Before investing in the Fund you should carefully consider your investment goals, tolerance for risk, investment time horizon, and personal circumstances. There is no guarantee that the Fund will meet its investment objective and you can lose money.

2.

The Fund is an investment option of VantageTrust, a group trust established and maintained by VantageTrust Company, LLC, a wholly owned subsidiary of ICMA-RC. VantageTrust provides for the commingling of assets of certain trusts and plans as described in its Declaration of Trust, and is only available for investment by such eligible trusts and plans. The Fund is not a mutual fund. Its units are not deposits of VantageTrust Company and are not insured by the Federal Deposit Insurance Corporation or any other agency. The Fund is a security that has not been registered under the Securities Act of 1933 and is exempt from investment company registration under the Investment Company Act of 1940. For additional information regarding the Fund, including a description of the principal risks, please consult the VantageTrust Funds Disclosure Memorandum, which is available when you log in at www.icmarc.org, or upon request by calling 800-669-7400.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.