Fund Facts  

Inception Date: Dec 4, 2000
Ticker Symbol: VPIPX
Registration Date: Dec 4, 2000
Morningstar Category:Short-Term Bond
As of Aug 31, 2016
Fund Net Assets ($millions) $770

Documents for Fund or Underlying Fund(s)  

Description

Objective  

To seek total return that is consistent with preservation of capital.

Principal Investment Strategies  

The Fund invests, under normal circumstances, at least 80% of its net assets in bonds and other fixed income securities of varying maturities, and normally invests at least 65% of its net assets in bonds and other fixed income securities with more than one year to maturity. The Fund seeks to maintain a portfolio effective duration of no greater than three years. Effective duration is a measure of the expected change in value of a fixed income security for a given change in interest rates, and takes into account that expected cash flows will fluctuate as interests rate change. For example, the value of a fixed income security with an effective duration of two years would be expected to decline around 2% if interest rates rose by 1%. Conversely, the value of the same fixed income security would be expected to increase around 2% if interest rates fell by 1%.

Investments selected by the Fund’s subadvisers are based on their analysis of securities, sectors, and anticipated changes in interest rates. To provide return opportunities, the Fund invests in fixed income securities that the Fund’s subadvisers believe offer attractive yields and are priced below fair market value relative to securities of similar credit quality and interest rate sensitivity.

The Fund’s investments in fixed income securities may include:

• securities issued or guaranteed by the U.S. Government or foreign governments and their agencies or instrumentalities, or supra-national organizations (such as the World Bank);
• securities issued by U.S. or foreign companies;
• U.S. and foreign mortgage-backed securities;
• U.S. and foreign asset-backed securities; and
• municipal securities.

The Fund generally invests in investment grade fixed income securities (i.e., securities rated within the four highest grades by Standard & Poor’s, Moody’s Investors Service, Inc. (“Moody’s”), or Fitch Ratings (“Fitch”) or unrated securities that the Fund’s subadvisers determine are of comparable quality). The Fund may invest up to 10% of its net assets in securities that are rated below investment grade (commonly known as “high yield securities” or “junk bonds”), which are securities rated below the four highest grades by Standard & Poor’s, Moody’s, or Fitch or are unrated securities that the Fund’s subadvisers determine are of comparable quality. In addition, the Fund may invest up to 10% of its net assets in floating rate loans. However, the Fund limits its investments in high yield securities and floating rate loans so that, taken together, they equal no more than 10% of the Fund’s net assets.

The Fund may invest up to 30% of its net assets in foreign securities. The Fund primarily invests in securities that are denominated in the U.S. dollar, but can invest up to 10% of its net assets in securities that are denominated in foreign currencies.

The Fund also may invest up to 10% of its net assets in derivative instruments. The Fund’s subadvisers may use futures, options, swap agreements, and swaptions to manage risk or obtain or adjust investment exposure. The Fund’s subadvisers also may use forward currency contracts to obtain or adjust investment exposure or to manage foreign currency risks. The Fund’s investments in credit default swaps, if any, will be less than 5% of the Fund’s net assets.

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 Credit Risk, Interest Rate Risk, Asset-Backed Securities Risk, Mortgage-Backed Securities Risk, Prepayment and Extension Risk, Municipal Securities Risk, Call Risk, U.S. Government Agency Securities Risk, Foreign Securities Risk, Foreign Currency Risk, Floating Rate Loans Risk, High Yield Securities Risk, Derivative Instruments Risk, Multi-Manager Risk.
Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vantagepoint Low Duration Bond   0.78%1.76%1.25%1.28%1.44%2.89%N/A
BofA ML 1-3 Year US Corporate & Govt. Indexa,b0.03%1.68%1.32%1.11%1.11%2.59%N/A
Morningstar Short-Term Bonda,c0.48%2.52%2.11%1.38%1.69%2.79%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.

Annual Fund Operating Expenses
Total Expenses   0.62%

 

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 BofA Merrill Lynch 1-3 Year US Corporate & Government Index tracks the performance of U.S. dollar-denominated investment grade government and corporate public debt securities issued in the U.S. domestic bond market with maturities ranging between 1 and 3 years.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal–weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Morningstar Information

Morningstar RatingTM   As of Aug 31, 2016
Period Stars Category Size
Overall 3 Stars498
3-Year 3 Stars498
5-Year 3 Stars415
10-Year 3 Stars283

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Aug 31, 2016
Fixed Income Stylebox
Medium Limited
 

Characteristics

Top Ten Holdings As of Nov 30, 2016
Holding NamePercent
US 2YR NOTE (CBT) BOND MAR17 (TUH7) COMDTY4.2%
FIDELITY INSTITUTIONAL MONEY MARKET3.0%
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/20182.6%
UNITED STATES TREASURY NOTE/BOND 1.125% 07/31/20212.5%
UNITED STATES TREASURY NOTE/BOND 1% 08/15/20182.1%
UNITED STATES TREASURY NOTE/BOND 1% 03/15/20191.4%
CHASE ISSUANCE TRUST 0.958% 11/16/20201.2%
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/20191.2%
UNITED STATES TREASURY NOTE/BOND 1% 02/15/20181.2%
CNH EQUIPMENT TRUST 2015-B 1.37% 07/15/20201.0%
All Holdings As of Nov 30, 2016
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/2018$19,520,979
UNITED STATES TREASURY NOTE/BOND 1.125% 07/31/2021$18,398,821
UNITED STATES TREASURY NOTE/BOND 1% 08/15/2018$15,844,851
UNITED STATES TREASURY NOTE/BOND 1% 03/15/2019$10,281,243
CHASE ISSUANCE TRUST 0.958% 11/16/2020$9,036,266
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$8,997,219
UNITED STATES TREASURY NOTE/BOND 1% 02/15/2018$8,755,612
CNH EQUIPMENT TRUST 2015-B 1.37% 07/15/2020$7,399,839
ABBVIE INC 1.8% 05/14/2018$6,488,235
KRAFT HEINZ FOODS CO 2% 07/02/2018$6,247,922
CITIGROUP INC 2.65% 10/26/2020$6,057,590
COOPERATIEVE RABOBANK UA/NY 2.25% 01/14/2019$6,037,350
AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST 0.908% 12/15/2021$6,007,280
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 0.988% 03/15/2020$5,723,557
BA CREDIT CARD TRUST 0.918% 06/15/2021$5,617,340
MICROSOFT CORP 1.1% 08/08/2019$5,599,885
DISCOVER CARD EXECUTION NOTE TRUST 0.988% 04/15/2021$5,586,048
SUNCOR ENERGY INC 6.1% 06/01/2018$5,372,238
UNITED STATES TREASURY NOTE/BOND 1.25% 12/15/2018$5,371,620
UNITED STATES TREASURY NOTE/BOND 1% 09/15/2018$5,325,829
WELLS FARGO BANK NA 1.75% 05/24/2019$5,076,923
GOLDMAN SACHS GROUP INC/THE 2.75% 09/15/2020$5,033,033
CAPITAL ONE BANK USA NA 1.2% 02/13/2017$4,899,603
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 0.578% 07/15/2020$4,895,378
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$4,495,042
TRANSCANADA PIPELINES LTD 1.625% 11/09/2017$4,304,068
UNITED STATES TREASURY NOTE/BOND 1.375% 04/30/2021$4,126,172
MOODY'S CORP 2.75% 07/15/2019$4,063,748
AT&T INC 2.45% 06/30/2020$3,964,916
BANK OF AMERICA CORP 5.65% 05/01/2018$3,940,564
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 02/26/2019$3,901,701
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$3,851,320
SOUTHERN CO/THE 1.55% 07/01/2018$3,677,926
REGIONS BANK/BIRMINGHAM AL 2.25% 09/14/2018$3,643,202
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 1.34% 04/15/2022$3,579,189
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$3,561,971
HARLEY-DAVIDSON MOTORCYCLE TRUST 2014-1 1.1% 09/15/2019$3,533,946
MORGAN STANLEY 2.45% 02/01/2019$3,528,784
CARMAX AUTO OWNER TRUST 2015-2 1.37% 03/16/2020$3,517,221
INVITATION HOMES 2014-SFR1 TRUST 1.55% 06/17/2031$3,465,052
ANTHEM INC 2.375% 02/15/2017$3,437,402
VERIZON COMMUNICATIONS INC 2.606% 09/14/2018$3,414,359
KINDER MORGAN INC/DE 3.05% 12/01/2019$3,345,208
CITIBANK CREDIT CARD ISSUANCE TRUST 1.718% 01/23/2020$3,337,660
UNITED STATES TREASURY NOTE/BOND 1.25% 04/30/2019$3,326,234
UNITED STATES TREASURY NOTE/BOND 1.25% 10/31/2021$3,302,913
DISCOVER CARD EXECUTION NOTE TRUST 0.968% 07/15/2021$3,213,140
STATE BOARD OF ADMINISTRATION FINANCE CORP 2.995% 07/01/2020$3,211,594
TYSON FOODS INC 2.65% 08/15/2019$3,136,722
CVS HEALTH CORP 2.25% 12/05/2018$3,108,419
MMAF EQUIPMENT FINANCE LLC 2015-A 1.39% 10/16/2019$3,095,688
PNC BANK NA 1.45% 07/29/2019$3,047,894
DISCOVER BANK/GREENWOOD DE 2.6% 11/13/2018$3,044,571
ANTHEM INC 2.3% 07/15/2018$3,017,442
AT&T INC 1.7% 06/01/2017$3,006,366
EMD FINANCE LLC 1.7% 03/19/2018$2,994,765
KOMMUNINVEST I SVERIGE AB 1.5% 04/23/2019$2,900,094
REYNOLDS AMERICAN INC 2.3% 08/21/2017$2,894,049
ASIAN DEVELOPMENT BANK 1% 08/16/2019$2,837,186
SHELL INTERNATIONAL FINANCE BV 1.195% 09/12/2019$2,653,242
FEDERAL HOME LOAN MORTGAGE CORP 0.875% 07/19/2019$2,651,737
ACTAVIS FUNDING SCS 3% 03/12/2020$2,642,050
CISCO SYSTEMS INC 1.197% 09/20/2019$2,639,040
REYNOLDS AMERICAN INC 2.3% 06/12/2018$2,621,252
UNITED STATES TREASURY NOTE/BOND 0.875% 01/15/2018$2,538,362
VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2014-1 0.91% 10/22/2018$2,530,811
CABELA'S CREDIT CARD MASTER NOTE TRUST 0.988% 07/15/2022$2,530,686
JPMORGAN CHASE & CO 1.625% 05/15/2018$2,495,453
UNITED STATES TREASURY NOTE/BOND 0.625% 06/30/2018$2,483,888
NATIONAL AUSTRALIA BANK LTD/NEW YORK 1.375% 07/12/2019$2,438,616
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$2,419,009
VERIZON COMMUNICATIONS INC 2.625% 02/21/2020$2,369,568
BANK OF MONTREAL 1.35% 08/28/2018$2,335,552
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-2 1.6% 04/15/2021$2,321,525
MCDONALD'S CORP 2.1% 12/07/2018$2,298,355
STATOIL ASA 1.196% 05/15/2018$2,285,989
CHASE ISSUANCE TRUST 1.62% 07/15/2020$2,259,466
NEWELL BRANDS INC 2.6% 03/29/2019$2,223,774
ENTERPRISE PRODUCTS OPERATING LLC 6.5% 01/31/2019$2,209,947
FORD MOTOR CREDIT CO LLC 1.816% 01/09/2018$2,203,102
AETNA INC 1.7% 06/07/2018$2,196,078
CABELA'S CREDIT CARD MASTER NOTE TRUST 0.888% 03/16/2020$2,195,570
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 5.75% 07/15/2020$2,175,493
INVITATION HOMES 2014-SFR2 TRUST 1.65% 09/17/2031$2,165,156
UNITED STATES TREASURY NOTE/BOND 0.75% 08/31/2018$2,040,137
NCUA GUARANTEED NOTES TRUST 2010-R3 1.092% 12/08/2020$2,037,497
MORGAN STANLEY 2.026% 01/27/2020$2,032,669
FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 2.086% 03/25/2019$2,018,515
FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 1.869% 11/25/2019$2,012,659
STANDARD CHARTERED PLC 1.5% 09/08/2017$1,993,656
PHILLIPS 66 PARTNERS LP 2.646% 02/15/2020$1,988,012
STATE OF ILLINOIS 5.877% 03/01/2019$1,948,255
AETNA INC 1.9% 06/07/2019$1,942,260
JP MORGAN MORTGAGE TRUST 2013-1 2.5% 03/25/2043$1,904,864
BANK NEDERLANDSE GEMEENTEN NV 1% 02/12/2018$1,903,071
GENERAL MOTORS FINANCIAL CO INC 2.4% 04/10/2018$1,901,543
WESTPAC BANKING CORP 1.6% 08/19/2019$1,899,262
WESTPAC BANKING CORP 1.95% 11/23/2018$1,894,861
HSBC BANK PLC 1.546% 05/15/2018$1,841,474
ROYAL BANK OF CANADA 1.625% 04/15/2019$1,835,071
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD/NEW YORK NY 2.05% 09/23/2019$1,824,946
BXHTL 2015-JWRZ MORTGAGE TRUST 1.768% 05/15/2029$1,804,947
MOLSON COORS BREWING CO 2.1% 07/15/2021$1,804,827
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 0.918% 01/18/2022$1,804,686
BECTON DICKINSON AND CO 1.45% 05/15/2017$1,802,614
TRADE MAPS 1 LTD 1.237% 12/10/2018$1,799,598
UBS GROUP FUNDING JERSEY LTD 3% 04/15/2021$1,792,286
CHASE ISSUANCE TRUST 0.788% 04/15/2019$1,756,803
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,751,877
AMGEN INC 1.25% 05/22/2017$1,741,270
SANTANDER UK PLC 1.65% 09/29/2017$1,701,625
SOUTHERN CALIFORNIA EDISON CO 1.845% 02/01/2022$1,701,512
AMERICAN INTERNATIONAL GROUP INC 3.3% 03/01/2021$1,683,779
DRYDEN 37 SENIOR LOAN FUND 2.38% 04/15/2027$1,682,140
AMERIQUEST MORTGAGE SECURITIES INC ASSET-BACKED PASS-THROUGH CTFS SER 2005-R7 1.092% 09/25/2035$1,669,455
FORD MOTOR CREDIT CO LLC 3.336% 03/18/2021$1,665,158
NEDERLANDSE WATERSCHAPSBANK NV 0.875% 07/13/2018$1,655,964
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.342% 09/25/2028$1,631,959
FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 4.084% 11/25/2020$1,617,347
FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 3.974% 01/25/2021$1,615,273
UBS AG/STAMFORD CT 1.8% 03/26/2018$1,600,722
BRANCH BANKING & TRUST CO 1.45% 05/10/2019$1,593,171
WELLS FARGO BANK NA 1.65% 01/22/2018$1,561,710
CD 2007-CD5 MORTGAGE TRUST 6.32% 11/15/2044$1,556,356
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.649% 09/01/2018$1,554,780
STANDARD CHARTERED BANK 6.4% 09/26/2017$1,549,713
BB&T CORP 1.546% 02/01/2019$1,545,966
SUNTRUST BANK/ATLANTA GA 1.35% 02/15/2017$1,540,428
HEWLETT PACKARD ENTERPRISE CO 2.7% 10/05/2017$1,536,697
TREMAN PARK CLO LTD 2.381% 04/20/2027$1,528,820
VOLKSWAGEN GROUP OF AMERICA FINANCE LLC 1.25% 05/23/2017$1,517,000
FORD MOTOR CREDIT CO LLC 1.724% 12/06/2017$1,502,627
UNITED STATES TREASURY NOTE/BOND 1.125% 01/15/2019$1,498,887
ABBOTT LABORATORIES 2.35% 11/22/2019$1,492,280
ING BANK NV 2% 11/26/2018$1,492,187
BANK OF AMERICA CORP 1.936% 03/22/2018$1,491,880
SPRINGLEAF MORTGAGE LOAN TRUST 2013-3 1.87% 09/25/2057$1,478,227
AT&T INC 2.3% 03/11/2019$1,464,173
ABBVIE INC 1.75% 11/06/2017$1,453,735
DAIMLER FINANCE NORTH AMERICA LLC 1.5% 07/05/2019$1,445,373
HEWLETT PACKARD ENTERPRISE CO 3.1% 10/05/2018$1,436,434
AMERICAN EXPRESS CO 1.506% 05/22/2018$1,415,035
HSBC USA INC 1.7% 03/05/2018$1,407,712
CAISSE D'AMORTISSEMENT DE LA DETTE SOCIALE 1.25% 03/12/2018$1,407,283
GLOBAL SC FINANCE II SRL 3.19% 07/17/2029$1,406,233
ENERGY TRANSFER PARTNERS LP 2.5% 06/15/2018$1,388,186
WALGREENS BOOTS ALLIANCE INC 1.75% 05/30/2018$1,380,016
GSAMP TRUST 2005-HE3 1.597% 06/25/2035$1,377,008
BP CAPITAL MARKETS PLC 1.674% 02/13/2018$1,360,428
FORD MOTOR CREDIT CO LLC 1.684% 09/08/2017$1,350,463
CHEVRON CORP 1.344% 11/09/2017$1,341,458
SUNTRUST BANK/ATLANTA GA 5.2% 01/17/2017$1,325,584
TOYOTA MOTOR CREDIT CORP 1.55% 07/13/2018$1,321,180
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2014-3 3.13% 10/08/2020$1,303,136
CITIZENS BANK NA/PROVIDENCE RI 1.6% 12/04/2017$1,298,179
CREDIT SUISSE COMMERCIAL MORTGAGE TRUST SERIES 2007-C4 6.134% 09/15/2039$1,291,795
KRAFT HEINZ FOODS CO 1.6% 06/30/2017$1,271,544
MACQUARIE BANK LTD 1.6% 10/27/2017$1,260,377
MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 2006-FF1 0.812% 08/25/2036$1,256,233
SEQUOIA MORTGAGE TRUST 2013-4 2.5% 04/25/2043$1,235,282
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.971% 07/01/2041$1,232,094
NOMURA ASSET ACCEPTANCE CORP ALTERNATIVE LOAN TRUST SERIES 2004-AR4 1.192% 12/25/2034$1,215,024
COLONY AMERICAN HOMES 2014-2 1.474% 07/17/2031$1,205,648
CSMC SERIES 2009-2R 3.034% 09/26/2034$1,203,975
BNZ INTERNATIONAL FUNDING LTD/LONDON 1.9% 02/26/2018$1,201,639
LIONS GATE ENTERTAINMENT CORP 5.25% 08/01/2018$1,194,200
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2005-AR13 TRUST 0.882% 10/25/2045$1,191,609
CISCO SYSTEMS INC 1.4% 09/20/2019$1,166,855
CONSECO FINANCIAL CORP 6.53% 04/01/2030$1,162,664
MANUFACTURERS & TRADERS TRUST CO 1.4% 07/25/2017$1,161,764
ANHEUSER-BUSCH INBEV FINANCE INC 1.9% 02/01/2019$1,160,594
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2004-AR1 TRUST 2.783% 03/25/2034$1,159,799
CITIGROUP COMMERCIAL MORTGAGE TRUST 2013-375P 3.635% 05/10/2035$1,152,853
STRUCTURED ASSET INVESTMENT LOAN TRUST 1.542% 10/25/2033$1,145,384
BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES TRUST 2007-PWR16 5.90% 06/11/2040$1,139,290
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2004-AR3 TRUST 2.792% 06/25/2034$1,135,027
SUNTORY HOLDINGS LTD 1.65% 09/29/2017$1,131,461
SEQUOIA MORTGAGE TRUST 2013-1 1.855% 02/25/2043$1,131,253
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.45% 09/08/2017$1,128,588
MERCK & CO INC 1.269% 05/18/2018$1,123,698
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 1.36% 08/17/2020$1,121,259
INTERNATIONAL LEASE FINANCE CORP 3.875% 04/15/2018$1,119,090
ACTAVIS FUNDING SCS 1.85% 03/01/2017$1,112,007
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.21% 05/10/2021$1,106,393
WALDORF ASTORIA BOCA RATON TRUST 2016-BOCA 1.885% 06/15/2029$1,100,966
DAIMLER FINANCE NORTH AMERICA LLC 1.65% 03/02/2018$1,098,606
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.4% 07/20/2018$1,089,721
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2005-AR2 TRUST 0.922% 01/25/2045$1,080,480
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2007-CIBC20 5.794% 02/12/2051$1,075,318
TAL ADVANTAGE V LLC 1.7% 05/20/2039$1,075,012
ASHLAND INC 3.875% 04/15/2018$1,074,938
GENERAL MILLS INC 1.4% 10/20/2017$1,072,203
CAPITAL ONE NA/MCLEAN VA 1.65% 02/05/2018$1,068,354
FORD MOTOR CREDIT CO LLC 1.675% 03/12/2019$1,061,993
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$1,060,678
AMERIQUEST MORTGAGE SECURITIES INC ASSET-BACKED PASS-THROUGH CTFS SER 2005-R8 1.062% 10/25/2035$1,058,077
STANLEY BLACK & DECKER INC 1.622% 11/17/2018$1,055,092
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2013-1 2.27% 01/15/2019$1,045,558
CAPITAL ONE NA/MCLEAN VA 1.5% 09/05/2017$1,039,116
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2005-AR6 TRUST 0.822% 04/25/2045$1,035,373
IRWIN HOME EQUITY LOAN TRUST 2006-1 5.77% 09/25/2035$1,032,984
SEQUOIA MORTGAGE TRUST 3.5% 09/25/2042$1,030,565
WELLS FARGO MORTGAGE BACKED SECURITIES 2004-A TRUST 2.9% 02/25/2034$1,023,451
FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 2.995% 12/25/2025$1,020,226
BANC OF AMERICA COMMERCIAL MORTGAGE TRUST 2007-3 5.732% 06/10/2049$1,019,744
SHELL INTERNATIONAL FINANCE BV 1.462% 11/10/2018$1,017,315
DISH DBS CORP 4.625% 07/15/2017$1,012,500
BANK OF AMERICA CORP 2.65% 04/01/2019$1,010,945
HUDSONS BAY SIMON JV TRUST 3.914% 08/05/2034$1,007,066
STRUCTURED ASSET SECURITIES CORP MORTGAGE LOAN TRUST 2006-BC2 0.742% 09/25/2036$1,001,040
COMPASS BANK 1.85% 09/29/2017$997,903
AP MOELLER - MAERSK A/S 2.55% 09/22/2019$997,180
SEQUOIA MORTGAGE TRUST 2014-3 4% 10/25/2044$995,487
HYUNDAI CAPITAL AMERICA 2.5% 03/18/2019$994,855
METROPOLITAN LIFE GLOBAL FUNDING I 1.95% 12/03/2018$993,824
DAIMLER FINANCE NORTH AMERICA LLC 1.375% 08/01/2017$980,574
CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-SMPL 2.228% 09/10/2031$974,600
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 2.3% 11/15/2019$972,121
FFMLT TRUST 2005-FF8 1.082% 09/25/2035$971,640
L-3 COMMUNICATIONS CORP 1.5% 05/28/2017$971,323
MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV 1.625% 10/28/2019$964,713
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.742% 09/25/2028$963,291
WELLS FARGO MORTGAGE BACKED SECURITIES 2005-AR10 TRUST 2.987% 05/01/2035$958,686
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$954,750
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.7% 07/19/2019$952,478
THOMSON REUTERS CORP 1.65% 09/29/2017$951,350
MORGAN STANLEY CAPITAL I TRUST 2007-IQ16 6.256% 12/12/2049$950,472
CITIGROUP INC 1.85% 11/24/2017$942,894
CWHEQ REVOLVING HOME EQUITY LOAN TRUST SERIES 2006-I 0.678% 01/15/2037$941,507
WELLS FARGO MORTGAGE BACKED SECURITIES 2006-13 TRUST 6% 10/25/2036$935,591
MASTR ASSET BACKED SECURITIES TRUST 2004-OPT2 1.292% 09/25/2034$934,571
CSMC TRUST 2013-IVR2 1.55% 04/25/2043$926,026
GOLDMAN SACHS GROUP INC/THE 2.006% 11/15/2018$919,264
ZIMMER BIOMET HOLDINGS INC 2% 04/01/2018$910,737
MADISON AVENUE MANUFACTURED HOUSING CONTRACT TRUST 2002-A 3.842% 03/25/2032$907,305
HSBC USA INC 1.737% 09/24/2018$903,423
PNC BANK NA 1.95% 03/04/2019$902,617
COMMONWEALTH BANK OF AUSTRALIA/NEW YORK NY 1.75% 11/02/2018$901,598
SUMITOMO MITSUI TRUST BANK LTD 2.05% 10/18/2019$899,784
GENERAL MOTORS FINANCIAL CO INC 3% 09/25/2017$899,053
SANTANDER BANK NA 2% 01/12/2018$897,696
NISSAN MOTOR ACCEPTANCE CORP 2% 03/08/2019$888,326
INVITATION HOMES 2015-SFR3 TRUST 1.85% 08/17/2032$887,861
INVITATION HOMES 2013-SFR1 TRUST 1.7% 12/17/2030$886,027
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-2 2.66% 11/15/2021$885,745
WACHOVIA BANK COMMERCIAL MORTGAGE TRUST SERIES 2007-C30 5.383% 12/15/2043$881,949
AMERICAN HONDA FINANCE CORP 1.2% 07/12/2019$854,528
HYUNDAI AUTO RECEIVABLES TRUST 2016-B 2.68% 09/15/2023$853,381
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.834% 10/25/2028$844,833
LB COMMERCIAL MORTGAGE TRUST 2007-C3 6.116% 07/15/2044$843,769
IMPERIAL TOBACCO FINANCE PLC 2.05% 07/20/2018$841,795
NEW CENTURY HOME EQUITY LOAN TRUST 2005-3 1.082% 07/25/2035$837,917
S&P GLOBAL INC 2.5% 08/15/2018$834,591
MORGAN STANLEY ABS CAPITAL I INC TRUST 2004-HE7 1.492% 08/25/2034$834,493
ACTAVIS FUNDING SCS 2.1% 03/12/2020$832,298
BANK OF AMERICA CORP 1.7% 08/25/2017$831,487
SHELL INTERNATIONAL FINANCE BV 1.25% 11/10/2017$830,702
NATIONAL OILWELL VARCO INC 1.35% 12/01/2017$827,248
MYLAN NV 2.5% 06/07/2019$826,709
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$825,443
VERIZON COMMUNICATIONS INC 3.65% 09/14/2018$825,281
COMMONWEALTH BANK OF AUSTRALIA/NEW YORK NY 2.05% 03/15/2019$819,846
DRIVE AUTO RECEIVABLES TRUST 2016-B 3.19% 07/15/2022$818,031
FORD MOTOR CREDIT CO LLC 4.25% 02/03/2017$803,815
ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2002-A 7.87% 05/15/2032$803,078
STATOIL ASA 1.343% 11/08/2018$801,982
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-1 1.41% 07/15/2019$801,584
CNH INDUSTRIAL CAPITAL LLC 3.875% 07/16/2018$800,863
TENCENT HOLDINGS LTD 2% 05/02/2017$800,834
SHELL INTERNATIONAL FINANCE BV 1.625% 11/10/2018$800,187
STANLEY BLACK & DECKER INC 2.451% 11/17/2018$799,140
CREDIT SUISSE AG/NEW YORK NY 1.75% 01/29/2018$799,041
CITIGROUP INC 2.05% 06/07/2019$798,737
SEAGATE HDD CAYMAN 3.75% 11/15/2018$797,063
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 1.42% 10/08/2019$791,849
ELECTRICITE DE FRANCE SA 1.15% 01/20/2017$790,094
MORGAN STANLEY 6.625% 04/01/2018$785,537
HILTON USA TRUST 2016-HHV 4.193% 11/05/2038$782,734
TOTAL CAPITAL INTERNATIONAL SA 1.452% 08/10/2018$782,085
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-4 1.58% 09/16/2019$781,156
BERKSHIRE HATHAWAY FINANCE CORP 1.7% 03/15/2019$779,909
DISCOVER CARD EXECUTION NOTE TRUST 5.65% 03/16/2020$775,977
LB-UBS COMMERCIAL MORTGAGE TRUST 2007-C6 6.114% 07/15/2040$773,000
JB HUNT TRANSPORT SERVICES INC 2.4% 03/15/2019$772,837
BAT INTERNATIONAL FINANCE PLC 1.85% 06/15/2018$770,264
TENET HEALTHCARE CORP 6.25% 11/01/2018$769,913
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-2 3.02% 04/15/2021$766,067
CONSECO FINANCIAL CORP 6.66% 06/01/2030$764,830
JPMORGAN CHASE & CO 1.782% 01/25/2018$755,215
BANK OF NEW YORK MELLON CORP/THE 1.446% 08/01/2018$753,106
STANDARD CHARTERED PLC 2.1% 08/19/2019$751,785
ARES XXVI CLO LTD 1.98% 04/15/2025$748,290
STRUCTURED ASSET SECURITIES CORP MORTGAGE LOAN TRUST 2007-BC1 0.722% 02/25/2037$743,484
MITSUBISHI UFJ TRUST & BANKING CORP 1.6% 10/16/2017$739,450
ACCREDITED MORTGAGE LOAN TRUST 2004-4 1.592% 01/25/2035$737,850
T-MOBILE USA INC 5.25% 09/01/2018$732,370
PARK PLACE SECURITIES INC ASSET-BACKED PASS-THROUGH CTFS SER 2004-WHQ2 1.537% 02/25/2035$728,457
SABMILLER HOLDINGS INC 2.45% 01/15/2017$721,545
SEQUOIA MORTGAGE TRUST 2013-4 2.325% 04/25/2043$719,850
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$713,964
MACQUARIE BANK LTD 1.516% 10/27/2017$711,596
MORGAN STANLEY CAPITAL I TRUST 2007-TOP25 5.544% 11/12/2049$711,065
GATX CORP 2.5% 07/30/2019$702,899
CALIFORNIA EARTHQUAKE AUTHORITY 1.824% 07/01/2017$702,646
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$702,050
ASTORIA FINANCIAL CORP 5% 06/19/2017$700,336
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.184% 10/25/2023$700,234
KOREA EXPRESSWAY CORP 1.625% 04/28/2017$699,780
CNPC GENERAL CAPITAL LTD 1.802% 05/14/2017$699,699
CANADIAN NATURAL RESOURCES LTD 1.75% 01/15/2018$697,403
FORD MOTOR CREDIT CO LLC 3% 06/12/2017$695,223
STRUCTURED ASSET INVESTMENT LOAN TRUST 2004-11 1.522% 01/25/2035$690,597
WESTERN DIGITAL CORP 10.5% 04/01/2024$690,200
GLENCORE FUNDING LLC 2.24% 01/15/2019$686,550
VOLKSWAGEN GROUP OF AMERICA FINANCE LLC 1.6% 11/20/2017$678,487
WANT WANT CHINA FINANCE LTD 1.875% 05/14/2018$675,089
COLONY AMERICAN HOMES 2014-1 1.7% 05/17/2031$671,406
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2014-1 2.36% 04/15/2020$670,549
HYUNDAI CAPITAL SERVICES INC 1.625% 08/30/2019$670,351
MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 2006-FF1 0.962% 08/25/2036$669,429
GENERAL ELECTRIC CAPITAL CORP 6% 08/07/2019$665,755
ALTERNATIVE LOAN TRUST 2006-39CB 6% 01/25/2037$652,566
NISSAN MOTOR ACCEPTANCE CORP 1.95% 09/12/2017$652,546
NVIDIA CORP 2.2% 09/16/2021$645,592
AIRCASTLE LTD 6.75% 04/15/2017$645,235
BANQUE FEDERATIVE DU CREDIT MUTUEL SA 2% 04/12/2019$637,763
UNITEDHEALTH GROUP INC 1.9% 07/16/2018$633,457
CONSECO FINANCIAL CORP 6.78% 10/15/2027$629,714
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.784% 07/25/2024$628,448
LB-UBS COMMERCIAL MORTGAGE TRUST 2007-C2 5.43% 02/15/2040$625,631
CHEVRON CORP 1.79% 11/16/2018$622,637
AMERICAN HOMES 4 RENT 2014-SFR1 1.55% 06/17/2031$619,550
MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES MLCC 2004-1 2.759% 12/25/2034$615,455
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$615,287
SEQUOIA MORTGAGE TRUST 2013-4 1.55% 04/25/2043$614,490
MIZUHO BANK LTD 1.7% 09/25/2017$610,350
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2005-AR9 TRUST 1.232% 07/25/2045$600,180
SENECA PARK CLO LTD 2.36% 07/17/2026$600,177
HYATT HOTEL PORTFOLIO TRUST 2015-HYT 4.335% 11/15/2029$600,087
HYUNDAI CAPITAL AMERICA 2% 03/19/2018$600,085
PRUDENTIAL FINANCIAL INC 1.686% 08/15/2018$599,108
CITIGROUP INC 2.4% 02/18/2020$599,064
ALLY FINANCIAL INC 3.25% 09/29/2017$591,947
INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD/NEW YORK 2.351% 11/13/2017$591,202
SYNCHRONY FINANCIAL 3% 08/15/2019$588,543
STRUCTURED ASSET SECURITIES CORP MORTGAGE LOAN TRUST 2006-WF3 0.732% 09/25/2036$587,085
BMW US CAPITAL LLC 1.5% 04/11/2019$584,899
BAXALTA INC 1.646% 06/22/2018$580,355
BAT INTERNATIONAL FINANCE PLC 1.36% 06/15/2018$580,277
FBR SECURITIZATION TRUST 2005-2 1.254% 09/25/2035$573,304
EXPRESS SCRIPTS HOLDING CO 1.25% 06/02/2017$569,943
LONG BEACH MORTGAGE LOAN TRUST 2005-1 1.387% 02/25/2035$563,299
SYNCHRONY FINANCIAL 2.6% 01/15/2019$562,440
AMERICREDIT AUTOMOBILE RECEIVABLES 2016-1 1.285% 06/10/2019$562,220
CISCO SYSTEMS INC 1.6% 02/28/2019$559,649
NOMURA RESECURITIZATION TRUST 2015-2R 1.293% 04/26/2047$554,400
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.734% 10/01/2034$554,123
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006-AR1 TRUST 1.612% 01/25/2046$550,450
RYDER SYSTEM INC 2.5% 03/01/2017$539,661
CHL MORTGAGE PASS-THROUGH TRUST 2004-11 2.65% 07/25/2034$534,890
GREENPOINT MANUFACTURED HOUSING 8.3% 10/15/2026$522,898
BLACKBIRD CAPITAL AIRCRAFT LEASE SECURITIZATION LTD 2016-1 2.487% 12/16/2041$521,461
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.584% 10/25/2023$516,236
FIFTH THIRD BANK/CINCINNATI OH 2.3% 03/15/2019$513,756
SMBC AVIATION CAPITAL FINANCE DAC 2.65% 07/15/2021$512,875
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 1.57% 06/17/2019$510,618
US BANK NA/CINCINNATI OH 1.45% 01/29/2018$510,353
CAPITAL ONE FINANCIAL CORP 2.45% 04/24/2019$504,017
FDIC GUARANTEED NOTES TRUST 2010-S1 3.25% 04/25/2038$503,910
NBCUNIVERSAL ENTERPRISE INC 1.565% 04/15/2018$503,551
BAIDU INC 2.25% 11/28/2017$502,147
UNITED STATES TREASURY NOTE/BOND 1% 12/31/2017$500,489
UNITED STATES TREASURY NOTE/BOND 0.875% 07/15/2018$498,662
VERIZON OWNER TRUST 2016-1 1.42% 01/20/2021$498,318
JPMORGAN CHASE & CO 6.3% 04/23/2019$494,019
SANTANDER UK PLC 2.5% 03/14/2019$492,613
CIT GROUP INC 5.25% 03/15/2018$492,442
WHIRLPOOL CORP 1.65% 11/01/2017$490,800
BPCE SA 1.473% 06/23/2017$490,580
FREEPORT-MCMORAN INC 2.15% 03/01/2017$489,388
SEQUOIA MORTGAGE TRUST 2013-1 1.45% 02/25/2043$489,365
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 4.1% 06/15/2021$483,460
HUTCHISON WHAMPOA INTERNATIONAL 12 II LTD 2% 11/08/2017$481,349
WELLS FARGO MORTGAGE BACKED SECURITIES 2003-H TRUST 3.024% 09/25/2033$481,172
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-2 1.38% 07/15/2019$476,980
AMPHENOL CORP 1.55% 09/15/2017$470,732
EXXON MOBIL CORP 1.439% 03/01/2018$470,110
STRUCTURED ASSET SECURITIES CORP MORTGAGE LOAN TRUST 2006-WF1 0.932% 02/25/2036$465,020
CELGENE CORP 2.125% 08/15/2018$462,256
SYNCHRONY FINANCIAL 1.875% 08/15/2017$460,730
STRUCTURED ASSET SECURITIES CORP MORTGAGE PASS-THROUGH CTFS SER 2003-34A 2 3.155% 11/25/2033$457,542
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-1 3.24% 04/15/2021$456,923
MORGAN STANLEY CAPITAL I TRUST 2007-IQ14 5.692% 04/15/2049$456,222
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.42% 06/21/2021$455,874
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.2% 07/21/2021$451,965
FEDERAL NATIONAL MORTGAGE ASSOCIATION 3.05% 06/01/2041$450,271
ELECTRICITE DE FRANCE SA 1.341% 01/20/2017$450,205
EXXON MOBIL CORP 1.708% 03/01/2019$449,548
HUNTINGTON NATIONAL BANK/THE 2.2% 11/06/2018$441,641
DRIVE AUTO RECEIVABLES TRUST 2016-B 1.67% 07/15/2019$440,459
WELLS FARGO MORTGAGE BACKED SECURITIES 2005-AR2 TRUST 2.847% 03/25/2035$439,116
AUTODESK INC 1.95% 12/15/2017$431,150
BECTON DICKINSON AND CO 1.8% 12/15/2017$430,928
STRUCTURED ASSET MORTGAGE INVESTMENTS II TRUST 2004-AR5 1.222% 10/19/2034$424,530
WELLS FARGO MORTGAGE BACKED SECURITIES 2004-S TRUST 3.034% 09/25/2034$424,171
STRYKER CORP 2% 03/08/2019$421,096
DOMINION RESOURCES INC/VA 1.6% 08/15/2019$420,807
ENBRIDGE INC 1.289% 06/02/2017$419,627
ING BANK NV 2.3% 03/22/2019$411,453
TSMC GLOBAL LTD 1.625% 04/03/2018$408,809
HILTON USA TRUST 2016-HHV 4.193% 11/05/2038$407,410
WEA FINANCE LLC / WESTFIELD UK & EUROPE FINANCE PLC 2.7% 09/17/2019$404,902
MIZUHO BANK LTD 1.307% 09/25/2017$400,744
TOYOTA AUTO RECEIVABLES 2014-B OWNER TRUST 1.31% 09/16/2019$400,508
THOMSON REUTERS CORP 1.3% 02/23/2017$400,130
CAMERON INTERNATIONAL CORP 1.4% 06/15/2017$399,588
ALIBABA GROUP HOLDING LTD 1.625% 11/28/2017$399,420
DRIVE AUTO RECEIVABLES TRUST 2016-B 2.56% 06/15/2020$392,730
MEDTRONIC INC 1.5% 03/15/2018$390,158
AUTOZONE INC 1.625% 04/21/2019$386,706
EBAY INC 2.5% 03/09/2018$383,106
FIDELITY NATIONAL INFORMATION SERVICES INC 2% 04/15/2018$381,289
BANCO DE CREDITO DEL PERU/PANAMA 2.25% 10/25/2019$377,150
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 3.52% 12/25/2065$376,248
SYNCHRONY FINANCIAL 2.111% 02/03/2020$375,649
GSAMP TRUST 2004-SEA2 1.242% 03/25/2034$375,454
LB-UBS COMMERCIAL MORTGAGE TRUST 2007-C1 5.484% 02/15/2040$370,233
PACCAR FINANCIAL CORP 1.1% 06/06/2017$369,909
AES CORP/VA 3.842% 06/01/2019$368,150
CONSECO FINANCIAL CORP 7.7% 09/15/2026$367,373
MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 2016-C31 1.511% 11/15/2021$366,856
HERTZ CORP/THE 6.75% 04/15/2019$363,373
NEWELL BRANDS INC 2.15% 10/15/2018$362,332
BANK OF AMERICA CORP 2.151% 11/09/2020$360,821
FIFTH THIRD BANCORP 5.45% 01/15/2017$356,518
GENERAL ELECTRIC CAPITAL CORP 5.5% 01/08/2020$355,292
CITIZENS BANK NA/PROVIDENCE RI 2.3% 12/03/2018$352,488
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 3.75% 05/11/2017$348,315
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.042% 11/25/2023$338,654
SEQUOIA MORTGAGE TRUST 2013-8 2.25% 06/25/2043$338,508
WALGREENS BOOTS ALLIANCE INC 1.75% 11/17/2017$331,150
WEA FINANCE LLC / WESTFIELD UK & EUROPE FINANCE PLC 1.75% 09/15/2017$330,988
APPLE INC 1.7% 02/22/2019$330,939
WACHOVIA BANK COMMERCIAL MORTGAGE TRUST SERIES 2007-C33 6.17% 02/15/2051$329,756
SEQUOIA MORTGAGE TRUST 2012-1 2.865% 01/25/2042$329,697
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.87% 11/08/2021$323,483
BAXALTA INC 2% 06/22/2018$320,110
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-5 1.12% 12/17/2018$314,908
NOVELIS CORP 6.25% 08/15/2024$311,250
KINDER MORGAN INC/DE 2% 12/01/2017$300,552
HUNTINGTON NATIONAL BANK/THE 1.307% 04/24/2017$300,162
IAC/INTERACTIVECORP 4.875% 11/30/2018$299,573
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2014-3 2.65% 08/17/2020$293,256
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2014-3 1.15% 06/10/2019$292,839
PACCAR FINANCIAL CORP 1.435% 12/06/2018$292,028
THERMO FISHER SCIENTIFIC INC 2.15% 12/14/2018$291,159
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 2.5% 06/15/2019$291,108
VENTAS REALTY LP 1.25% 04/17/2017$289,907
AMERIQUEST MORTGAGE SECURITIES INC ASSET BACKED PASS-THROUGH CTFS SER 2005-R11 1.042% 01/25/2036$286,774
DOMINION RESOURCES INC/VA 2.962% 07/01/2019$283,938
LEHMAN ABS MANUFACTURED HOUSING CONTRACT TRUST 2001-B 5.27% 04/15/2040$282,653
CARNIVAL CORP 1.875% 12/15/2017$281,340
SOUTHERN POWER CO 1.85% 12/01/2017$281,215
ZIMMER BIOMET HOLDINGS INC 2.7% 04/01/2020$280,076
JOHN DEERE CAPITAL CORP 1.35% 01/16/2018$279,875
FORTIVE CORP 1.8% 06/15/2019$277,843
COMM 2007-C9 MORTGAGE TRUST 5.65% 12/10/2049$275,600
PHILLIPS 66 2.95% 05/01/2017$271,959
STRUCTURED ASSET SECURITIES CORP 2005-WF1 1.252% 02/25/2035$268,973
SHELL INTERNATIONAL FINANCE BV 1.375% 05/10/2019$266,829
HYUNDAI CAPITAL AMERICA 2.125% 10/02/2017$265,986
KUBOTA CREDIT OWNER TRUST 2015-1 0.94% 12/15/2017$262,457
AT&T INC 5.5% 02/01/2018$260,320
NATIONAL AUSTRALIA BANK LTD 1.3% 06/30/2017$260,230
WELLS FARGO HOME EQUITY ASSET-BACKED SECURITIES 2005-2 TRUST 1.022% 11/25/2035$259,668
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 1.78% 12/25/2065$256,439
APPLE INC 1.3% 02/23/2018$250,085
GREATAMERICA LEASING RECEIVABLES FUNDING LLC 1.83% 06/17/2019$250,059
CENTERPOINT ENERGY TRANSITION BOND CO IV LLC 0.901% 04/15/2018$249,813
BOISE CASCADE CO 5.625% 09/01/2024$245,625
BP CAPITAL MARKETS PLC 1.392% 05/10/2018$240,461
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.11% 03/22/2021$229,307
LB-UBS COMMERCIAL MORTGAGE TRUST 2007-C7 6.365% 09/15/2045$227,914
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2007-CIBC18 5.44% 06/12/2047$223,785
IHO VERWALTUNGS GMBH 4.125% 09/15/2021$222,750
SOUNDVIEW HOME LOAN TRUST 2006-1 0.782% 02/25/2036$221,425
ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 2005-R2 1.312% 04/25/2035$217,881
SPECIALTY UNDERWRITING & RESIDENTIAL FINANCE TRUST SERIES 2005-BC1 1.672% 12/25/2035$215,269
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$210,724
BANK OF AMERICA CORP 3.875% 03/22/2017$201,620
ALIBABA GROUP HOLDING LTD 2.5% 11/28/2019$201,476
WM WRIGLEY JR CO 2% 10/20/2017$201,143
NOVELIS CORP 5.875% 09/30/2026$200,250
JOHNSON CONTROLS INC 1.4% 11/02/2017$199,916
FIRST FRANKLIN MORTGAGE LOAN TRUST SERIES 2005-FF6 1.252% 05/25/2036$197,107
CONSECO FINANCIAL CORP 6.24% 12/01/2028$194,041
ACCREDITED MORTGAGE LOAN TRUST 2006-1 0.714% 04/25/2036$193,556
FIDELITY NATIONAL INFORMATION SERVICES INC 1.45% 06/05/2017$190,177
BANC OF AMERICA MORTGAGE 2004-L TRUST 2.976% 01/25/2035$190,041
WACHOVIA BANK COMMERCIAL MORTGAGE TRUST SERIES 2007-C30 5.342% 12/15/2043$188,472
BERKSHIRE HATHAWAY INC 1.15% 08/15/2018$169,197
PARK PLACE SECURITIES INC ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 2005-WCW 1.092% 07/25/2035$162,208
TRANSALTA CORP 1.9% 06/03/2017$159,751
CAPITAL AUTO RECEIVABLES ASSET TRUST 2013-1 1.74% 10/22/2018$158,241
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.742% 05/25/2028$148,441
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2015-3 1.07% 01/08/2019$126,022
NELNET STUDENT LOAN TRUST 2014-2 0.814% 06/25/2021$101,107
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2015-2 0.83% 09/10/2018$98,169
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.593% 10/01/2034$86,756
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.665% 09/01/2034$73,465
GOLDMAN SACHS GROUP INC/THE 2% 04/25/2019$72,835
UNITED STATES TREASURY NOTE/BOND 0.75% 08/15/2019$68,929
AEGIS ASSET BACKED SECURITIES TRUST 2005-1 1.092% 03/25/2035$66,861
GLENCORE FUNDING LLC 2.5% 01/15/2019$55,860
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.665% 09/01/2034$48,568
JP MORGAN MORTGAGE ACQUISITION CORP 2005-WMC1 1.222% 09/25/2035$32,885
MORGAN STANLEY ABS CAPITAL I INC TRUST 2005-HE5 1.222% 09/25/2035$32,615
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2014-5 1.15% 01/15/2019$17,896
BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2004-BO1 1.342% 10/25/2034$2,348
PARK PLACE SECURITIES INC ASSET-BACKED PASS-THROUGH CTFS SER 2005-WHQ1 1.342% 03/25/2035$1,475
HOME EQUITY ASSET TRUST 2005-2 1.357% 07/25/2035$1,408
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$21,817,529
NEW YORK ST HSG VAR 05/44$2,555,000
 
Other
Holding NameMarket Value
USD$103,036
USD$10,733
US 10YR NOTE (CBT)MAR17 BOND MAR17 (TYH7)$5,200
US 5YR NOTE (CBT) BOND MAR17 (FVH7) COMDTY$-6,546
US 2YR NOTE (CBT) BOND MAR17 (TUH7) COMDTY$-18,956
All Holdings As of Oct 31, 2016
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/2018$19,584,402
UNITED STATES TREASURY NOTE/BOND 1.125% 07/31/2021$18,831,527
UNITED STATES TREASURY NOTE/BOND 1% 08/15/2018$15,907,137
UNITED STATES TREASURY NOTE/BOND 1% 03/15/2019$10,342,749
CHASE ISSUANCE TRUST 0.955% 11/16/2020$9,028,147
UNITED STATES TREASURY NOTE/BOND 1% 02/15/2018$8,779,371
CNH EQUIPMENT TRUST 2015-B 1.37% 07/15/2020$7,415,466
ABBVIE INC 1.8% 05/14/2018$6,512,858
KRAFT HEINZ FOODS CO 2% 07/02/2018$6,280,458
CITIGROUP INC 2.65% 10/26/2020$6,131,282
COOPERATIEVE RABOBANK UA/NY 2.25% 01/14/2019$6,081,384
AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST 0.905% 12/15/2021$6,012,192
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 0.985% 03/15/2020$5,726,684
MICROSOFT CORP 1.1% 08/08/2019$5,643,147
BA CREDIT CARD TRUST 0.915% 06/15/2021$5,618,941
DISCOVER CARD EXECUTION NOTE TRUST 0.985% 04/15/2021$5,582,320
SUNCOR ENERGY INC 6.1% 06/01/2018$5,424,439
UNITED STATES TREASURY NOTE/BOND 1.25% 12/15/2018$5,398,420
UNITED STATES TREASURY NOTE/BOND 1% 09/15/2018$5,347,921
WELLS FARGO BANK NA 1.75% 05/24/2019$5,112,733
GOLDMAN SACHS GROUP INC/THE 2.75% 09/15/2020$5,108,473
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 0.575% 07/15/2020$4,900,432
CAPITAL ONE BANK USA NA 1.2% 02/13/2017$4,899,927
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$4,502,227
TRANSCANADA PIPELINES LTD 1.625% 11/09/2017$4,308,940
UNITED STATES TREASURY NOTE/BOND 1.375% 04/30/2021$4,215,586
MOODY'S CORP 2.75% 07/15/2019$4,100,100
AT&T INC 2.45% 06/30/2020$4,027,000
BANK OF AMERICA CORP 5.65% 05/01/2018$3,967,954
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 02/26/2019$3,922,869
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$3,895,410
HARLEY-DAVIDSON MOTORCYCLE TRUST 2014-1 1.1% 09/15/2019$3,874,396
SOUTHERN CO/THE 1.55% 07/01/2018$3,696,754
REGIONS BANK/BIRMINGHAM AL 2.25% 09/14/2018$3,660,634
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 1.34% 04/15/2022$3,602,300
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$3,588,072
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$3,581,359
MORGAN STANLEY 2.45% 02/01/2019$3,555,839
CARMAX AUTO OWNER TRUST 2015-2 1.37% 03/16/2020$3,520,488
INVITATION HOMES 2014-SFR1 TRUST 1.535% 06/17/2031$3,473,369
ANTHEM INC 2.375% 02/15/2017$3,440,890
VERIZON COMMUNICATIONS INC 2.606% 09/14/2018$3,424,288
KINDER MORGAN INC/DE 3.05% 12/01/2019$3,393,945
UNITED STATES TREASURY NOTE/BOND 1.25% 04/30/2019$3,351,171
CITIBANK CREDIT CARD ISSUANCE TRUST 1.674% 01/23/2020$3,341,096
STATE BOARD OF ADMINISTRATION FINANCE CORP 2.995% 07/01/2020$3,250,656
DISCOVER CARD EXECUTION NOTE TRUST 0.965% 07/15/2021$3,213,657
TYSON FOODS INC 2.65% 08/15/2019$3,175,172
UNITED STATES TREASURY NOTE/BOND 0.75% 08/31/2018$3,146,462
CVS HEALTH CORP 2.25% 12/05/2018$3,128,058
MMAF EQUIPMENT FINANCE LLC 2015-A 1.39% 10/16/2019$3,097,541
PNC BANK NA 1.45% 07/29/2019$3,073,635
DISCOVER BANK/GREENWOOD DE 2.6% 11/13/2018$3,062,531
ANTHEM INC 2.3% 07/15/2018$3,025,626
AT&T INC 1.7% 06/01/2017$3,011,385
EMD FINANCE LLC 1.7% 03/19/2018$3,002,040
KOMMUNINVEST I SVERIGE AB 1.5% 04/23/2019$2,926,476
REYNOLDS AMERICAN INC 2.3% 08/21/2017$2,900,597
ASIAN DEVELOPMENT BANK 1% 08/16/2019$2,868,227
VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2014-1 0.91% 10/22/2018$2,779,551
ACTAVIS FUNDING SCS 3% 03/12/2020$2,682,134
FEDERAL HOME LOAN MORTGAGE CORP 0.875% 07/19/2019$2,674,977
SHELL INTERNATIONAL FINANCE BV 1.195% 09/12/2019$2,650,412
CISCO SYSTEMS INC 1.197% 09/20/2019$2,636,012
REYNOLDS AMERICAN INC 2.3% 06/12/2018$2,635,339
UNITED STATES TREASURY NOTE/BOND 0.875% 01/15/2018$2,544,514
CABELA'S CREDIT CARD MASTER NOTE TRUST 0.985% 07/15/2022$2,519,593
JPMORGAN CHASE & CO 1.625% 05/15/2018$2,504,793
UNITED STATES TREASURY NOTE/BOND 0.625% 06/30/2018$2,492,188
NATIONAL AUSTRALIA BANK LTD/NEW YORK 1.375% 07/12/2019$2,461,851
COLONY AMERICAN HOMES 2015-1 1.735% 07/17/2032$2,427,701
VERIZON COMMUNICATIONS INC 2.625% 02/21/2020$2,398,363
BANK OF MONTREAL 1.35% 08/28/2018$2,346,670
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-2 1.6% 04/15/2021$2,326,775
MCDONALD'S CORP 2.1% 12/07/2018$2,311,340
STATOIL ASA 1.107% 05/15/2018$2,284,271
CHASE ISSUANCE TRUST 1.62% 07/15/2020$2,265,756
NEWELL BRANDS INC 2.6% 03/29/2019$2,240,537
ENTERPRISE PRODUCTS OPERATING LLC 6.5% 01/31/2019$2,236,907
FORD MOTOR CREDIT CO LLC 1.816% 01/09/2018$2,209,330
AETNA INC 1.7% 06/07/2018$2,202,507
CABELA'S CREDIT CARD MASTER NOTE TRUST 0.885% 03/16/2020$2,195,178
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 5.75% 07/15/2020$2,184,810
INVITATION HOMES 2014-SFR2 TRUST 1.645% 09/17/2031$2,170,617
NCUA GUARANTEED NOTES TRUST 2010-R3 1.087% 12/08/2020$2,064,926
MORGAN STANLEY 2.026% 01/27/2020$2,030,972
FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 2.086% 03/25/2019$2,030,682
FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 1.869% 11/25/2019$2,028,002
PHILLIPS 66 PARTNERS LP 2.646% 02/15/2020$2,014,742
JP MORGAN MORTGAGE TRUST 2013-1 2.5% 03/25/2043$2,001,988
STANDARD CHARTERED PLC 1.5% 09/08/2017$1,994,900
STATE OF ILLINOIS 5.877% 03/01/2019$1,976,729
AETNA INC 1.9% 06/07/2019$1,966,869
WESTPAC BANKING CORP 1.6% 08/19/2019$1,918,297
GENERAL MOTORS FINANCIAL CO INC 2.4% 04/10/2018$1,911,111
BANK NEDERLANDSE GEMEENTEN NV 1% 02/12/2018$1,908,888
WESTPAC BANKING CORP 1.95% 11/23/2018$1,904,957
UNITED STATES TREASURY NOTE/BOND 0.75% 08/15/2019$1,888,199
ROYAL BANK OF CANADA 1.625% 04/15/2019$1,850,414
MOLSON COORS BREWING CO 2.1% 07/15/2021$1,844,702
HSBC BANK PLC 1.457% 05/15/2018$1,840,872
UBS GROUP FUNDING JERSEY LTD 3% 04/15/2021$1,828,645
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 2.284% 09/25/2028$1,807,167
BXHTL 2015-JWRZ MORTGAGE TRUST 1.765% 05/15/2029$1,805,548
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 0.915% 01/18/2022$1,805,243
BECTON DICKINSON AND CO 1.45% 05/15/2017$1,804,131
TRADE MAPS 1 LTD 1.229% 12/10/2018$1,798,397
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,759,260
CHASE ISSUANCE TRUST 0.785% 04/15/2019$1,756,827
AMGEN INC 1.25% 05/22/2017$1,742,048
SOUTHERN CALIFORNIA EDISON CO 1.845% 02/01/2022$1,726,169
AMERICAN INTERNATIONAL GROUP INC 3.3% 03/01/2021$1,715,120
FORD MOTOR CREDIT CO LLC 3.336% 03/18/2021$1,707,599
SANTANDER UK PLC 1.65% 09/29/2017$1,705,551
DRYDEN 37 SENIOR LOAN FUND 2.38% 04/15/2027$1,682,179
AMERIQUEST MORTGAGE SECURITIES INC ASSET 1.034% 09/25/2035$1,663,772
NEDERLANDSE WATERSCHAPSBANK NV 0.875% 07/13/2018$1,662,186
HILTON USA TRUST 2013-HLT 3.714% 11/05/2030$1,647,999
FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 3.974% 01/25/2021$1,635,545
FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 4.084% 11/25/2020$1,634,617
BRANCH BANKING & TRUST CO 1.45% 05/10/2019$1,607,023
UBS AG/STAMFORD CT 1.8% 03/26/2018$1,603,974
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2015-COSMO 1.785% 01/15/2032$1,601,342
SPRINGLEAF MORTGAGE LOAN TRUST 2013-3 1.87% 09/25/2057$1,574,812
WELLS FARGO BANK NA 1.65% 01/22/2018$1,565,586
CD 2007-CD5 MORTGAGE TRUST 6.116% 11/15/2044$1,562,075
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.649% 09/01/2018$1,561,181
STANDARD CHARTERED BANK 6.4% 09/26/2017$1,559,934
BB&T CORP 1.416% 02/01/2019$1,545,596
SUNTRUST BANK/ATLANTA GA 1.35% 02/15/2017$1,541,032
HEWLETT PACKARD ENTERPRISE CO 2.7% 10/05/2017$1,539,599
TREMAN PARK CLO LTD 2.381% 04/20/2027$1,527,842
VOLKSWAGEN GROUP OF AMERICA FINANCE LLC 1.25% 05/23/2017$1,517,185
UNITED STATES TREASURY NOTE/BOND 1.125% 01/15/2019$1,506,827
FORD MOTOR CREDIT CO LLC 1.724% 12/06/2017$1,504,618
ING BANK NV 2% 11/26/2018$1,497,635
BANK OF AMERICA CORP 1.936% 03/22/2018$1,492,830
AT&T INC 2.3% 03/11/2019$1,475,534
DAIMLER FINANCE NORTH AMERICA LLC 1.5% 07/05/2019$1,460,449
ABBVIE INC 1.75% 11/06/2017$1,455,539
GSAMP TRUST 2005-HE3 1.539% 06/25/2035$1,451,479
HEWLETT PACKARD ENTERPRISE CO 3.1% 10/05/2018$1,447,405
GLOBAL SC FINANCE II SRL 3.19% 07/17/2029$1,430,077
AMERICAN EXPRESS CO 1.401% 05/22/2018$1,413,839
CAISSE D'AMORTISSEMENT DE LA DETTE SOCIALE 1.25% 03/12/2018$1,412,174
HSBC USA INC 1.7% 03/05/2018$1,412,109
ENERGY TRANSFER PARTNERS LP 2.5% 06/15/2018$1,396,320
WALGREENS BOOTS ALLIANCE INC 1.75% 05/30/2018$1,384,134
BP CAPITAL MARKETS PLC 1.674% 02/13/2018$1,366,255
SEQUOIA MORTGAGE TRUST 2013-4 2.5% 04/25/2043$1,361,760
FORD MOTOR CREDIT CO LLC 1.684% 09/08/2017$1,351,377
CHEVRON CORP 1.344% 11/09/2017$1,342,963
CREDIT SUISSE COMMERCIAL MORTGAGE TRUST 5.936% 09/15/2039$1,336,088
SUNTRUST BANK/ATLANTA GA 5.2% 01/17/2017$1,329,728
TOYOTA MOTOR CREDIT CORP 1.55% 07/13/2018$1,326,213
CITIZENS BANK NA/PROVIDENCE RI 1.6% 12/04/2017$1,300,114
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2014-3 3.13% 10/08/2020$1,297,151
KRAFT HEINZ FOODS CO 1.6% 06/30/2017$1,272,836
MACQUARIE BANK LTD 1.6% 10/27/2017$1,262,134
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.97% 07/01/2041$1,260,862
MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 2006-FF1 0.754% 08/25/2036$1,255,875
NOMURA ASSET ACCEPTANCE CORP ALTERNATIVE LOAN TRUST SERIES 2004-AR4 1.134% 12/25/2034$1,250,075
SEQUOIA MORTGAGE TRUST 2013-1 1.855% 02/25/2043$1,224,372
CSMC SERIES 2009-2R 3.034% 09/26/2034$1,217,156
COLONY AMERICAN HOMES 2014-2 1.496% 07/17/2031$1,208,631
BNZ INTERNATIONAL FUNDING LTD/LONDON 1.9% 02/26/2018$1,205,395
OCTAGON INVESTMENT PARTNERS XXI LTD 2.287% 11/14/2026$1,200,004
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2005-AR13 TRUST 0.824% 10/25/2045$1,198,859
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2004-AR1 TRUST 2.789% 03/25/2034$1,188,912
CONSECO FINANCIAL CORP 6.53% 04/01/2030$1,187,287
LIONS GATE ENTERTAINMENT CORP 5.25% 08/01/2018$1,181,600
CISCO SYSTEMS INC 1.4% 09/20/2019$1,181,096
ANHEUSER-BUSCH INBEV FINANCE INC 1.9% 02/01/2019$1,169,402
CITIGROUP COMMERCIAL MORTGAGE TRUST 2013 3.518% 05/10/2035$1,168,149
MANUFACTURERS & TRADERS TRUST CO 1.4% 07/25/2017$1,161,498
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2004-AR3 TRUST 2.792% 06/25/2034$1,156,001
BEAR STEARNS COMMERCIAL MORTGAGE SECURIT 5.717% 06/11/2040$1,143,065
TAL ADVANTAGE V LLC 1.7% 05/20/2039$1,138,358
SUNTORY HOLDINGS LTD 1.65% 09/29/2017$1,131,445
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.45% 09/08/2017$1,129,351
MERCK & CO INC 1.161% 05/18/2018$1,125,788
INTERNATIONAL LEASE FINANCE CORP 3.875% 04/15/2018$1,122,375
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 1.36% 08/17/2020$1,121,908
ACTAVIS FUNDING SCS 1.85% 03/01/2017$1,112,685
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.21% 05/10/2021$1,112,508
DAIMLER FINANCE NORTH AMERICA LLC 1.65% 03/02/2018$1,102,481
WALDORF ASTORIA BOCA RATON TRUST 2016-BOCA 1.885% 06/15/2029$1,100,699
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2005-AR2 TRUST 0.864% 01/25/2045$1,099,047
AMERIQUEST MORTGAGE SECURITIES INC ASSET 1.004% 10/25/2035$1,095,941
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.4% 07/20/2018$1,095,735
SEQUOIA MORTGAGE TRUST 3.5% 09/25/2042$1,085,535
SEQUOIA MORTGAGE TRUST 2014-3 4% 10/25/2044$1,082,437
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2007-CIBC20 5.794% 02/12/2051$1,078,362
ASHLAND INC 3.875% 04/15/2018$1,074,938
GENERAL MILLS INC 1.4% 10/20/2017$1,073,594
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$1,071,644
CAPITAL ONE NA/MCLEAN VA 1.65% 02/05/2018$1,071,193
FORD MOTOR CREDIT CO LLC 1.675% 03/12/2019$1,060,959
FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES 2.995% 12/25/2025$1,058,566
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2005-AR6 TRUST 0.764% 04/25/2045$1,053,855
IRWIN HOME EQUITY LOAN TRUST 2006-1 5.77% 09/25/2035$1,050,775
CAPITAL ONE NA/MCLEAN VA 1.5% 09/05/2017$1,040,770
WELLS FARGO MORTGAGE BACKED SECURITIES 2004-A TRUST 2.883% 02/25/2034$1,031,504
HUDSONS BAY SIMON JV TRUST 3.914% 08/05/2034$1,026,694
BANC OF AMERICA COMMERCIAL MORTGAGE TRUS 5.552% 06/10/2049$1,022,716
DISH DBS CORP 4.625% 07/15/2017$1,021,250
BANK OF AMERICA CORP 2.65% 04/01/2019$1,019,186
SHELL INTERNATIONAL FINANCE BV 1.387% 11/10/2018$1,017,316
STRUCTURED ASSET SECURITIES CORP MORTGAGE LOAN TRUST 2006-BC2 0.684% 09/25/2036$1,015,700
SABINE PASS LNG LP 7.5% 11/30/2016$1,014,444
AP MOELLER - MAERSK A/S 2.55% 09/22/2019$1,010,370
HYUNDAI CAPITAL AMERICA 2.5% 03/18/2019$1,005,134
METROPOLITAN LIFE GLOBAL FUNDING I 1.95% 12/03/2018$1,000,415
COMPASS BANK 1.85% 09/29/2017$999,374
WELLS FARGO MORTGAGE BACKED SECURITIES 2005-AR10 TRUST 2.981% 05/01/2035$997,267
FFMLT TRUST 2005-FF8 1.024% 09/25/2035$995,761
CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-SMPL 2.228% 09/10/2031$994,310
DAIMLER FINANCE NORTH AMERICA LLC 1.375% 08/01/2017$980,403
MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV 1.625% 10/28/2019$977,260
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 2.3% 11/15/2019$974,385
CSMC TRUST 2013-IVR2 1.55% 04/25/2043$973,931
L-3 COMMUNICATIONS CORP 1.5% 05/28/2017$971,177
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 1.784% 10/25/2028$970,379
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.684% 09/25/2028$969,548
CWHEQ REVOLVING HOME EQUITY LOAN TRUST S 0.675% 01/15/2037$964,351
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.7% 07/19/2019$963,109
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$957,125
MORGAN STANLEY CAPITAL I TRUST 2007-IQ16 6.053% 12/12/2049$954,020
MORGAN STANLEY CAPITAL I TRUST 2007-TOP25 5.544% 11/12/2049$953,785
THOMSON REUTERS CORP 1.65% 09/29/2017$952,645
MADISON AVENUE MANUFACTURED HOUSING CONTRACT TRUST 2002-A 3.784% 03/25/2032$946,257
WELLS FARGO MORTGAGE BACKED SECURITIES 2006-13 TRUST 6% 10/25/2036$943,575
CITIGROUP INC 1.85% 11/24/2017$943,444
MASTR ASSET BACKED SECURITIES TRUST 2004-OPT2 1.234% 09/25/2034$936,154
GOLDMAN SACHS GROUP INC/THE 1.917% 11/15/2018$917,829
ZIMMER BIOMET HOLDINGS INC 2% 04/01/2018$914,792
PNC BANK NA 1.95% 03/04/2019$908,331
SUMITOMO MITSUI TRUST BANK LTD 2.05% 10/18/2019$908,011
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 1.41% 07/15/2019$903,621
HSBC USA INC 1.737% 09/24/2018$903,589
COMMONWEALTH BANK OF AUSTRALIA/NEW YORK NY 1.75% 11/02/2018$903,137
GENERAL MOTORS FINANCIAL CO INC 3% 09/25/2017$900,758
SANTANDER BANK NA 2% 01/12/2018$899,947
NISSAN MOTOR ACCEPTANCE CORP 2% 03/08/2019$895,803
INVITATION HOMES 2015-SFR3 TRUST 1.835% 08/17/2032$892,702
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 2.66% 11/15/2021$892,668
INVITATION HOMES 2013-SFR1 TRUST 1.685% 12/17/2030$887,911
WACHOVIA BANK COMMERCIAL MORTGAGE TRUST SERIES 2007-C30 5.383% 12/15/2043$885,555
HYUNDAI AUTO RECEIVABLES TRUST 2016-B 2.68% 09/15/2023$866,855
AMERICAN HONDA FINANCE CORP 1.2% 07/12/2019$864,235
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 1.42% 10/08/2019$862,406
NEW CENTURY HOME EQUITY LOAN TRUST 2005-3 1.024% 07/25/2035$859,892
LB COMMERCIAL MORTGAGE TRUST 2007-C3 5.916% 07/15/2044$846,164
IMPERIAL TOBACCO FINANCE PLC 2.05% 07/20/2018$845,011
S&P GLOBAL INC 2.5% 08/15/2018$839,508
MYLAN NV 2.5% 06/07/2019$839,506
MORGAN STANLEY ABS CAPITAL I INC TRUST 2004-HE7 1.434% 08/25/2034$834,508
ACTAVIS FUNDING SCS 2.1% 03/12/2020$833,824
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$833,701
BANK OF AMERICA CORP 1.7% 08/25/2017$832,071
SHELL INTERNATIONAL FINANCE BV 1.25% 11/10/2017$831,338
VERIZON COMMUNICATIONS INC 3.65% 09/14/2018$830,346
ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2002-A 7.87% 05/15/2032$829,041
NATIONAL OILWELL VARCO INC 1.35% 12/01/2017$828,813
COMMONWEALTH BANK OF AUSTRALIA/NEW YORK NY 2.05% 03/15/2019$827,114
DRIVE AUTO RECEIVABLES TRUST 2016-B 3.19% 07/15/2022$823,284
FORD MOTOR CREDIT CO LLC 4.25% 02/03/2017$806,238
CITIGROUP INC 2.05% 06/07/2019$804,148
STANLEY BLACK & DECKER INC 2.451% 11/17/2018$803,691
STATOIL ASA 1.248% 11/08/2018$802,646
SEAGATE HDD CAYMAN 3.75% 11/15/2018$802,445
SHELL INTERNATIONAL FINANCE BV 1.625% 11/10/2018$802,019
TENCENT HOLDINGS LTD 2% 05/02/2017$802,014
CREDIT SUISSE AG/NEW YORK NY 1.75% 01/29/2018$800,590
CNH INDUSTRIAL CAPITAL LLC 3.875% 07/16/2018$798,888
SEQUOIA MORTGAGE TRUST 2013-4 2.325% 04/25/2043$793,754
PARK PLACE SECURITIES INC ASSET-BACKED PASS-THROUGH CTFS SER 2004-WHQ2 1.479% 02/25/2035$791,339
MORGAN STANLEY 6.625% 04/01/2018$790,361
ELECTRICITE DE FRANCE SA 1.15% 01/20/2017$789,952
BERKSHIRE HATHAWAY FINANCE CORP 1.7% 03/15/2019$786,469
CONSECO FINANCIAL CORP 6.66% 06/01/2030$783,994
TOTAL CAPITAL INTERNATIONAL SA 1.376% 08/10/2018$782,090
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 1.58% 09/16/2019$781,558
TENET HEALTHCARE CORP 6.25% 11/01/2018$780,938
DISCOVER CARD EXECUTION NOTE TRUST 5.65% 03/16/2020$779,314
JB HUNT TRANSPORT SERVICES INC 2.4% 03/15/2019$777,208
BAT INTERNATIONAL FINANCE PLC 1.85% 06/15/2018$773,450
LB-UBS COMMERCIAL MORTGAGE TRUST 2007-C6 6.114% 07/15/2040$769,515
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 3.02% 04/15/2021$767,230
STRUCTURED ASSET SECURITIES CORP MORTGAGE LOAN TRUST 2007-BC1 0.664% 02/25/2037$763,793
STANDARD CHARTERED PLC 2.1% 08/19/2019$759,865
BANC OF AMERICA COMMERCIAL MORTGAGE TRUST 2006-6 5.421% 10/10/2045$759,175
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.484% 05/25/2024$755,517
JPMORGAN CHASE & CO 1.782% 01/25/2018$754,277
BANK OF NEW YORK MELLON CORP/THE 1.316% 08/01/2018$752,791
ARES XXVI CLO LTD 1.98% 04/15/2025$748,224
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.134% 01/25/2024$741,989
MITSUBISHI UFJ TRUST & BANKING CORP 1.6% 10/16/2017$740,891
ACCREDITED MORTGAGE LOAN TRUST 2004-4 1.534% 01/25/2035$738,537
T-MOBILE USA INC 5.25% 09/01/2018$731,585
SABMILLER HOLDINGS INC 2.45% 01/15/2017$722,121
LB-UBS COMMERCIAL MORTGAGE TRUST 2007-C2 5.43% 02/15/2040$721,586
MACQUARIE BANK LTD 1.516% 10/27/2017$710,099
GATX CORP 2.5% 07/30/2019$709,776
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.734% 07/25/2024$708,409
CALIFORNIA EARTHQUAKE AUTHORITY 1.824% 07/01/2017$703,360
ASTORIA FINANCIAL CORP 5% 06/19/2017$702,724
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$702,505
CNPC GENERAL CAPITAL LTD 1.717% 05/14/2017$700,321
KOREA EXPRESSWAY CORP 1.625% 04/28/2017$700,063
CANADIAN NATURAL RESOURCES LTD 1.75% 01/15/2018$699,488
FORD MOTOR CREDIT CO LLC 3% 06/12/2017$696,781
GLENCORE FUNDING LLC 2.24% 01/15/2019$692,588
STRUCTURED ASSET INVESTMENT LOAN TRUST 2004-11 1.464% 01/25/2035$690,349
WESTERN DIGITAL CORP 10.5% 04/01/2024$688,713
VOLKSWAGEN GROUP OF AMERICA FINANCE LLC 1.6% 11/20/2017$680,324
SEQUOIA MORTGAGE TRUST 2013-4 1.55% 04/25/2043$678,907
ALTERNATIVE LOAN TRUST 2006-39CB 6% 01/25/2037$678,045
WANT WANT CHINA FINANCE LTD 1.875% 05/14/2018$677,243
HYUNDAI CAPITAL SERVICES INC 1.625% 08/30/2019$676,692
COLONY AMERICAN HOMES 2014-1 1.685% 05/17/2031$674,357
GENERAL ELECTRIC CAPITAL CORP 6% 08/07/2019$673,972
MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 2006-FF1 0.904% 08/25/2036$669,441
NVIDIA CORP 2.2% 09/16/2021$659,958
CONSECO FINANCIAL CORP 6.78% 10/15/2027$656,479
NISSAN MOTOR ACCEPTANCE CORP 1.95% 09/12/2017$653,697
KROGER CO/THE 2.2% 01/15/2017$651,979
AIRCASTLE LTD 6.75% 04/15/2017$648,425
BANQUE FEDERATIVE DU CREDIT MUTUEL SA 2% 04/12/2019$642,399
AMERICREDIT AUTOMOBILE RECEIVABLES 2016-1 1.28% 06/10/2019$636,947
UNITEDHEALTH GROUP INC 1.9% 07/16/2018$635,694
CHEVRON CORP 1.79% 11/16/2018$625,475
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$620,754
AMERICAN HOMES 4 RENT 2014-SFR1 1.535% 06/17/2031$619,175
MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES MLCC 2004-1 2.72% 12/25/2034$618,974
MIZUHO BANK LTD 1.7% 09/25/2017$611,087
FBR SECURITIZATION TRUST 2005-2 1.254% 09/25/2035$609,571
STRUCTURED ASSET SECURITIES CORP MORTGAGE LOAN TRUST 2006-WF3 0.674% 09/25/2036$606,751
CITIGROUP INC 2.4% 02/18/2020$606,476
WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2005-AR9 TRUST 1.174% 07/25/2045$605,202
HYUNDAI CAPITAL AMERICA 2% 03/19/2018$602,312
SENECA PARK CLO LTD 2.36% 07/17/2026$600,314
PRUDENTIAL FINANCIAL INC 1.597% 08/15/2018$599,065
HYATT HOTEL PORTFOLIO TRUST 2015-HYT 4.335% 11/15/2029$597,882
INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD/NEW YORK 2.351% 11/13/2017$593,256
SYNCHRONY FINANCIAL 3% 08/15/2019$593,098
BMW US CAPITAL LLC 1.5% 04/11/2019$590,500
ALLY FINANCIAL INC 3.25% 09/29/2017$589,022
BAXALTA INC 1.646% 06/22/2018$581,741
BAT INTERNATIONAL FINANCE PLC 1.36% 06/15/2018$580,887
LONG BEACH MORTGAGE LOAN TRUST 2005-1 1.329% 02/25/2035$580,308
NOMURA RESECURITIZATION TRUST 2015-2R 1.277% 04/26/2047$572,863
EXPRESS SCRIPTS HOLDING CO 1.25% 06/02/2017$570,270
SYNCHRONY FINANCIAL 2.6% 01/15/2019$566,971
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.534% 10/25/2023$565,376
CISCO SYSTEMS INC 1.6% 02/28/2019$563,884
CHL MORTGAGE PASS-THROUGH TRUST 2004-11 2.634% 07/25/2034$559,366
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.734% 10/01/2034$555,762
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 1.38% 07/15/2019$544,169
RYDER SYSTEM INC 2.5% 03/01/2017$541,798
GREENPOINT MANUFACTURED HOUSING 8.3% 10/15/2026$534,284
WELLS FARGO MORTGAGE BACKED SECURITIES 2003-H TRUST 3.026% 09/25/2033$527,532
SMBC AVIATION CAPITAL FINANCE DAC 2.65% 07/15/2021$525,897
SEQUOIA MORTGAGE TRUST 2013-1 1.45% 02/25/2043$521,353
FDIC GUARANTEED NOTES TRUST 2010-S1 3.25% 04/25/2038$520,449
FIFTH THIRD BANK/CINCINNATI OH 2.3% 03/15/2019$516,618
US BANK NA/CINCINNATI OH 1.45% 01/29/2018$511,663
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 1.57% 06/17/2019$510,996
CAPITAL ONE FINANCIAL CORP 2.45% 04/24/2019$508,753
BAIDU INC 2.25% 11/28/2017$503,787
NBCUNIVERSAL ENTERPRISE INC 1.565% 04/15/2018$503,571
UNITED STATES TREASURY NOTE/BOND 1% 12/31/2017$501,494
VERIZON OWNER TRUST 2016-1 1.42% 01/20/2021$501,216
UNITED STATES TREASURY NOTE/BOND 0.875% 07/15/2018$500,420
JPMORGAN CHASE & CO 6.3% 04/23/2019$498,992
SANTANDER UK PLC 2.5% 03/14/2019$496,963
CIT GROUP INC 5.25% 03/15/2018$493,126
WHIRLPOOL CORP 1.65% 11/01/2017$491,446
BPCE SA 1.473% 06/23/2017$490,679
FREEPORT-MCMORAN INC 2.15% 03/01/2017$489,388
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 4.1% 06/15/2021$486,108
MORGAN STANLEY CAPITAL I TRUST 2007-IQ14 5.692% 04/15/2049$483,413
HUTCHISON WHAMPOA INTERNATIONAL 12 II LTD 2% 11/08/2017$482,520
EXXON MOBIL CORP 1.439% 03/01/2018$471,770
AMPHENOL CORP 1.55% 09/15/2017$470,787
LIBERTY PROPERTY LP 6.625% 10/01/2017$465,637
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.2% 07/21/2021$464,844
CELGENE CORP 2.125% 08/15/2018$464,567
STRUCTURED ASSET SECURITIES CORP MORTGAGE LOAN TRUST 2006-WF1 0.874% 02/25/2036$464,460
COMMERCIAL MORTGAGE TRUST 2007-GG9 5.444% 03/10/2039$462,650
SYNCHRONY FINANCIAL 1.875% 08/15/2017$461,201
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.42% 06/21/2021$460,375
WELLS FARGO MORTGAGE BACKED SECURITIES 2005-AR2 TRUST 2.847% 03/25/2035$460,212
FEDERAL NATIONAL MORTGAGE ASSOCIATION 3.05% 06/01/2041$460,040
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 3.24% 04/15/2021$459,427
STRUCTURED ASSET SECURITIES CORP MORTGAGE PASS-THROUGH CTFS SER 2003-34A 3.058% 11/25/2033$459,184
WELLS FARGO MORTGAGE BACKED SECURITIES 2004-S TRUST 3.034% 09/25/2034$456,182
EXXON MOBIL CORP 1.708% 03/01/2019$453,562
ELECTRICITE DE FRANCE SA 1.341% 01/20/2017$450,249
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 1.12% 12/17/2018$446,209
HUNTINGTON NATIONAL BANK/THE 2.2% 11/06/2018$444,370
DRIVE AUTO RECEIVABLES TRUST 2016-B 1.67% 07/15/2019$439,506
BECTON DICKINSON AND CO 1.8% 12/15/2017$431,990
AUTODESK INC 1.95% 12/15/2017$431,762
CAPITAL ONE BANK USA NA 1.15% 11/21/2016$430,068
STRUCTURED ASSET MORTGAGE INVESTMENTS II TRUST 2004-AR5 1.188% 10/19/2034$427,055
SEQUOIA MORTGAGE TRUST 2012-1 2.865% 01/25/2042$426,255
DOMINION RESOURCES INC/VA 1.6% 08/15/2019$425,592
WACHOVIA BANK COMMERCIAL MORTGAGE TRUST SERIES 2007-C30 5.342% 12/15/2043$424,558
STRYKER CORP 2% 03/08/2019$424,106
ENBRIDGE INC 1.289% 06/02/2017$419,539
ING BANK NV 2.3% 03/22/2019$414,831
TSMC GLOBAL LTD 1.625% 04/03/2018$410,405
WEA FINANCE LLC / WESTFIELD UK & EUROPE FINANCE PLC 2.7% 09/17/2019$409,046
TOYOTA AUTO RECEIVABLES 2014-B OWNER TRUST 1.31% 09/16/2019$400,790
MIZUHO BANK LTD 1.307% 09/25/2017$400,768
ALIBABA GROUP HOLDING LTD 1.625% 11/28/2017$400,682
CAMERON INTERNATIONAL CORP 1.4% 06/15/2017$400,490
THOMSON REUTERS CORP 1.3% 02/23/2017$400,186
DRIVE AUTO RECEIVABLES TRUST 2016-B 2.56% 06/15/2020$393,637
GSAMP TRUST 2004-SEA2 1.184% 03/25/2034$393,602
MEDTRONIC INC 1.5% 03/15/2018$391,738
AUTOZONE INC 1.625% 04/21/2019$390,349
CONSECO FINANCIAL CORP 7.7% 09/15/2026$386,924
EBAY INC 2.5% 03/09/2018$384,837
FIDELITY NATIONAL INFORMATION SERVICES INC 2% 04/15/2018$383,261
BANCO DE CREDITO DEL PERU/PANAMA 2.25% 10/25/2019$381,957
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 3.52% 12/25/2065$376,429
KUBOTA CREDIT OWNER TRUST 2015-1 0.94% 12/15/2017$373,626
SYNCHRONY FINANCIAL 1.989% 02/03/2020$372,139
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 1.984% 11/25/2023$371,232
SEQUOIA MORTGAGE TRUST 2013-8 2.25% 06/25/2043$370,761
LB-UBS COMMERCIAL MORTGAGE TRUST 2007-C1 5.484% 02/15/2040$370,563
MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 2016-C31 1.511% 11/15/2021$370,531
AES CORP/VA 3.842% 06/01/2019$370,463
PACCAR FINANCIAL CORP 1.1% 06/06/2017$370,020
HERTZ CORP/THE 6.75% 04/15/2019$366,480
NEWELL BRANDS INC 2.15% 10/15/2018$364,367
GENERAL ELECTRIC CAPITAL CORP 5.5% 01/08/2020$361,105
FIFTH THIRD BANCORP 5.45% 01/15/2017$358,438
CITIZENS BANK NA/PROVIDENCE RI 2.3% 12/03/2018$353,952
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2007-CIBC18 5.44% 06/12/2047$353,847
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 3.75% 05/11/2017$349,235
APPLE INC 1.7% 02/22/2019$333,045
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2014-3 1.15% 06/10/2019$332,062
WALGREENS BOOTS ALLIANCE INC 1.75% 11/17/2017$331,533
WACHOVIA BANK COMMERCIAL MORTGAGE TRUST SERIES 2007-C33 5.959% 02/15/2051$330,579
WEA FINANCE LLC / WESTFIELD UK & EUROPE FINANCE PLC 1.75% 09/15/2017$330,484
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.87% 11/08/2021$326,263
LLOYDS BANK PLC 2.3% 11/27/2018$324,916
BAXALTA INC 2% 06/22/2018$321,692
NOVELIS CORP 6.25% 08/15/2024$312,750
KINDER MORGAN INC/DE 2% 12/01/2017$301,157
HUNTINGTON NATIONAL BANK/THE 1.307% 04/24/2017$299,865
IAC/INTERACTIVECORP 4.875% 11/30/2018$298,098
LEHMAN ABS MANUFACTURED HOUSING CONTRACT TRUST 2001-B 5.27% 04/15/2040$294,735
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 2.5% 06/15/2019$294,101
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 2.65% 08/17/2020$294,027
THERMO FISHER SCIENTIFIC INC 2.15% 12/14/2018$293,929
PACCAR FINANCIAL CORP 1.435% 12/06/2018$292,111
VENTAS REALTY LP 1.25% 04/17/2017$290,083
WELLS FARGO HOME EQUITY ASSET-BACKED SECURITIES 2005-2 TRUST 0.964% 11/25/2035$289,713
SOUNDVIEW HOME LOAN TRUST 2006-1 0.724% 02/25/2036$286,723
AMERIQUEST MORTGAGE SECURITIES INC ASSET 0.984% 01/25/2036$286,682
DOMINION RESOURCES INC/VA 2.962% 07/01/2019$286,589
ZIMMER BIOMET HOLDINGS INC 2.7% 04/01/2020$284,956
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 1.78% 12/25/2065$282,024
CARNIVAL CORP 1.875% 12/15/2017$281,841
SOUTHERN POWER CO 1.85% 12/01/2017$281,359
FORTIVE CORP 1.8% 06/15/2019$280,903
JOHN DEERE CAPITAL CORP 1.35% 01/16/2018$280,615
STRUCTURED ASSET SECURITIES CORP 2005-WF1 1.194% 02/25/2035$277,768
COMM 2007-C9 MORTGAGE TRUST 5.65% 12/10/2049$276,385
PHILLIPS 66 2.95% 05/01/2017$272,789
SHELL INTERNATIONAL FINANCE BV 1.375% 05/10/2019$268,713
HYUNDAI CAPITAL AMERICA 2.125% 10/02/2017$266,163
AT&T INC 5.5% 02/01/2018$262,055
NATIONAL AUSTRALIA BANK LTD 1.3% 06/30/2017$260,203
BOISE CASCADE CO 5.625% 09/01/2024$254,063
APPLE INC 1.3% 02/23/2018$250,724
GREATAMERICA LEASING RECEIVABLES FUNDING LLC 1.83% 06/17/2019$250,204
CENTERPOINT ENERGY TRANSITION BOND CO IV LLC 0.901% 04/15/2018$249,814
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 1.684% 05/25/2028$241,714
BP CAPITAL MARKETS PLC 1.316% 05/10/2018$240,498
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.11% 03/22/2021$231,248
LB-UBS COMMERCIAL MORTGAGE TRUST 2007-C7 6.159% 09/15/2045$228,795
ASSET-BACKED PASS-THROUGH CERTIFICATES S 1.254% 04/25/2035$227,462
IHO VERWALTUNGS GMBH 4.125% 09/15/2021$225,775
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 1.15% 01/15/2019$224,502
SPECIALTY UNDERWRITING & RESIDENTIAL FINANCE TRUST SERIES 2005-BC1 1.614% 12/25/2035$221,748
CAPITAL AUTO RECEIVABLES ASSET TRUST 2013-1 1.74% 10/22/2018$218,111
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2015-2 0.83% 09/10/2018$211,295
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$210,873
ACCREDITED MORTGAGE LOAN TRUST 2006-1 0.714% 04/25/2036$210,813
ALIBABA GROUP HOLDING LTD 2.5% 11/28/2019$203,110
NOVELIS CORP 5.875% 09/30/2026$203,000
BANK OF AMERICA CORP 3.875% 03/22/2017$202,153
WM WRIGLEY JR CO 2% 10/20/2017$201,424
CONSECO FINANCIAL CORP 6.24% 12/01/2028$200,751
JOHNSON CONTROLS INC 1.4% 11/02/2017$200,278
FIRST FRANKLIN MORTGAGE LOAN TRUST SERIE 1.194% 05/25/2036$197,105
BANC OF AMERICA MORTGAGE 2004-L TRUST 2.975% 01/25/2035$191,370
FIDELITY NATIONAL INFORMATION SERVICES INC 1.45% 06/05/2017$190,248
BERKSHIRE HATHAWAY INC 1.15% 08/15/2018$169,797
PARK PLACE SECURITIES INC ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 2005-WCW 1.034% 07/25/2035$166,169
TRANSALTA CORP 1.9% 06/03/2017$159,841
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2015-3 1.07% 01/08/2019$150,445
NELNET STUDENT LOAN TRUST 2014-2 0.814% 06/25/2021$122,119
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.593% 10/01/2034$86,886
AEGIS ASSET BACKED SECURITIES TRUST 2005 1.034% 03/25/2035$75,419
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.665% 09/01/2034$74,065
GOLDMAN SACHS GROUP INC/THE 2% 04/25/2019$73,456
GLENCORE FUNDING LLC 2.5% 01/15/2019$56,343
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.665% 09/01/2034$48,707
MORGAN STANLEY ABS CAPITAL I INC TRUST 2005-HE5 1.164% 09/25/2035$37,092
WELLS FARGO MORTGAGE BACKED SECURITIES 2005-6 TRUST 5.75% 08/25/2035$36,125
JP MORGAN MORTGAGE ACQUISITION CORP 2005-WMC1 1.164% 09/25/2035$34,551
SEQUOIA MORTGAGE TRUST 2012-2 3.5% 04/25/2042$32,921
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 1.59% 10/15/2018$27,590
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 1.584% 03/25/2025$16,549
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 1.02% 09/17/2018$15,622
BEAR STEARNS ASSET BACKED SECURITIES I T 1.284% 10/25/2034$4,936
PARK PLACE SECURITIES INC ASSET-BACKED PASS-THROUGH CTFS SER 2005-WHQ1 1.284% 03/25/2035$2,803
HOME EQUITY ASSET TRUST 2005-2 1.299% 07/25/2035$1,672
HOME EQUITY ASSET TRUST 2006-1 .864% 04/25/2036$758
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$25,117,647
NEW YORK ST HSG VAR 05/44$2,555,000
 
Other
Holding NameMarket Value
USD$79,865
US 2YR NOTE (CBT) BOND DEC16 (TUZ6) COMDTY$8,865
USD$-1,566,178
 

Statistics

Duration and Maturity As of Oct 31, 2016
StatisticValue
Average Effective Duration1.63 years
Average Effective Maturity2.09 years
Portfolio Statistics As of Oct 31, 2016
Statistic3-Year5-Year
Beta0.520.69
Alpha0.220.45
Standard Deviation0.841.11
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, financial highlights, investment objectives and strategies, risks and performance information. The prospectus contains this and other information about the investment company. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You can obtain a prospectus, statement of additional information and other information about the Vantagepoint Funds online at www.icmarc.org/vpprospectus, by calling 800-669-7400 or emailing investorservices@icmarc.org. The Vantagepoint Funds are distributed by ICMA-RC Services LLC, a wholly owned broker-dealer subsidiary of ICMA-RC and member FINRA/SIPC.

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.