Fund Facts  

Inception Date: Jul 1, 1992
Ticker Symbol: VPTSX
Registration Date: Mar 1, 1999
Morningstar Category:Inflation-Protected Bond
As of Aug 31, 2016
Fund Net Assets ($millions) $528

Documents for Fund or Underlying Fund(s)  

Description

Objective  

To offer inflation protection and income.

Principal Investment Strategies  

The Fund invests, under normal conditions, in a combination of: (1) inflation-indexed fixed income securities or instruments, (2) other fixed income securities or instruments, and (3) inflation-linked derivatives. To the extent a Fund subadviser invests in fixed income securities that are not inflation-indexed, it may use inflation-linked derivatives in connection with such investments to seek to achieve the Fund’s investment objective. Inflation-indexed fixed income securities or instruments are designed to protect the future purchasing power of the money invested in them; either their principal values or coupon rates are indexed to changes in inflation. These adjustments result in changes to the interest payments. The Fund’s investments in these securities or instruments may include:

• fixed income securities issued or guaranteed by the U.S. Government, foreign governments (national, regional or local), their agencies or instrumentalities, political subdivisions of governments (such as provinces and municipalities), or supra-national organizations (such as the World Bank);
• fixed income securities issued by U.S. and foreign companies; and
• U.S. and foreign mortgage-backed and asset-backed securities.

The Fund generally invests in securities denominated in U.S. dollars, but may also invest its assets in securities denominated in foreign currencies.

The Fund’s subadvisers may use futures, options, swap agreements, and swaptions to provide inflation protection to the Fund, to manage risk, or to 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.

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., or Fitch Ratings or unrated securities that the Fund’s subadvisers determine are of comparable quality).

The Fund’s fixed income investments may be of any maturity.

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 Inflation-Adjusted Securities Risk, Interest Rate Risk, Credit Risk, Foreign Securities Risk, Foreign Currency Risk, U.S. Government Agency Securities Risk, Derivative Instruments Risk, Call Risk, Mortgage-Backed Securities Risk, Asset-Backed Securities Risk, Municipal Securities 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 Inflation Focused   1.67%5.92%3.72%1.58%1.96%4.27%N/A
Bloomberg Barclays U.S. Treasury Inflation-Linked Bond Index (Series-L)a,b0.96%7.27%6.58%2.40%1.93%4.48%N/A
Morningstar Inflation-Protected Bonda,c1.15%6.39%5.74%1.35%1.19%3.49%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   0.65%

 

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 Bloomberg Barclays U.S. Treasury Inflation-Linked Bond Index (Series-L), consists of all U.S. Treasury inflation protected securities rated investment grade or better, having at least one year to final maturity and at least $250 million par amount outstanding. The Series-L reference identifies this index as the former Lehman Brothers U.S. TIPS Index.

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.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Aug 31, 2016Aug 31, 2016$0.025783000
Jul 29, 2016Jul 29, 2016$0.032047000
Jun 30, 2016Jun 30, 2016$0.039779000
May 31, 2016May 31, 2016$0.008362000
Dec 31, 2015Dec 31, 2015$0.067140000
Sep 30, 2015Sep 30, 2015$0.001943000
Aug 31, 2015Aug 31, 2015$0.030332000
Jul 31, 2015Jul 31, 2015$0.000598000
Dec 31, 2014Dec 31, 2014$0.022580000
Sep 30, 2014Sep 30, 2014$0.005330000
Aug 29, 2014Aug 29, 2014$0.013844000
Jul 31, 2014Jul 31, 2014$0.027811000
Jun 30, 2014Jun 30, 2014$0.028296000
May 30, 2014May 30, 2014$0.055411000
Apr 30, 2014Apr 30, 2014$0.031010000
Mar 31, 2014Mar 31, 2014$0.002729000
Dec 31, 2013Dec 31, 2013$0.211440000
Nov 29, 2013Nov 29, 2013$0.007105000
 

Morningstar Information

Morningstar RatingTM   As of Aug 31, 2016
Period Stars Category Size
Overall 3 Stars208
3-Year 3 Stars208
5-Year 3 Stars181
10-Year N/A N/A

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
High Moderate
Allocation of Assets As of Aug 31, 2016
Type of Asset Percent
Equity0%
Fixed Income95%
Cash/Other5%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Aug 31, 2016
Asset ClassPercent
Domestic Stock0.0%
Foreign Stock0.0%
Domestic Bond93.3%
Foreign Bond1.5%
Preferred0.0%
Convertible0.0%
Cash5.2%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of Aug 31, 2016
SectorPercent
Government84.1%
Corporate5.6%
Cash & Equivalents5.2%
Securitized5.1%
Derivative0.0%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of Oct 31, 2016
Quality LevelPercent
AAA91.5%
AA0.2%
A1.7%
BBB5.0%
BB0.7%
B0.6%
Below B0.0%
Not Rated0.3%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Nov 30, 2016
Holding NamePercent
IRS NOK FLOAT .95 5/12/2018 MSCME12.0%
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.625% 07/15/20215.7%
UNITED STATES TREASURY INFLATION INDEXED BONDS 2.375% 01/15/20275.0%
UNITED STATES TREASURY INFLATION INDEXED BONDS 2.5% 01/15/20295.0%
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 04/15/20194.9%
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.375% 07/15/20234.8%
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 01/15/20234.5%
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 07/15/20244.3%
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 07/15/20223.9%
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.375% 07/15/20253.5%
All Holdings As of Nov 30, 2016
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.625% 07/15/2021$29,032,454
UNITED STATES TREASURY INFLATION INDEXED BONDS 2.375% 01/15/2027$25,588,541
UNITED STATES TREASURY INFLATION INDEXED BONDS 2.5% 01/15/2029$25,536,424
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 04/15/2019$25,049,382
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.375% 07/15/2023$24,161,592
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 01/15/2023$22,594,153
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 07/15/2024$22,076,127
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 07/15/2022$19,800,796
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.375% 07/15/2025$18,008,660
UNITED STATES TREASURY INFLATION INDEXED BONDS 2% 01/15/2026$17,208,521
UNITED STATES TREASURY INFLATION INDEXED BONDS 2.375% 01/15/2025$15,894,329
UNITED STATES TREASURY INFLATION INDEXED BONDS 1.75% 01/15/2028$15,875,097
UNITED STATES TREASURY INFLATION INDEXED BONDS 1.375% 02/15/2044$14,869,153
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.75% 02/15/2042$14,762,853
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.625% 01/15/2024$14,334,926
UNITED STATES TREASURY INFLATION INDEXED BONDS 3.625% 04/15/2028$12,218,197
UNITED STATES TREASURY INFLATION INDEXED BONDS 3.875% 04/15/2029$10,720,755
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 04/15/2020$9,510,610
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 01/15/2022$9,359,000
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.25% 01/15/2025$8,964,090
UNITED STATES TREASURY INFLATION INDEXED BONDS 1% 02/15/2046$7,912,005
UNITED STATES TREASURY INFLATION INDEXED BONDS 2.125% 02/15/2041$7,746,820
UNITED STATES TREASURY INFLATION INDEXED BONDS 2.125% 02/15/2040$7,643,166
UNITED STATES TREASURY INFLATION INDEXED BONDS 1.125% 01/15/2021$7,290,594
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.625% 01/15/2026$7,216,396
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 04/15/2021$6,447,576
UNITED STATES TREASURY INFLATION INDEXED BONDS 1.25% 07/15/2020$5,731,862
UNITED STATES TREASURY INFLATION INDEXED BONDS 1.375% 01/15/2020$5,619,443
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 04/15/2018$4,722,788
UNITED STATES TREASURY INFLATION INDEXED BONDS 3.375% 04/15/2032$3,367,871
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.625% 02/15/2043$2,997,893
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.75% 02/15/2045$2,726,135
KINDER MORGAN INC/DE 2% 12/01/2017$1,903,496
ACTAVIS FUNDING SCS 1.85% 03/01/2017$1,903,435
UNITED STATES TREASURY NOTE/BOND 0.625% 05/31/2017$1,705,366
FIRST FRANKLIN MORTGAGE LOAN TRUST SERIES 2005-FF6 1.252% 05/25/2036$1,281,197
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 07/15/2026$1,273,225
UNITED STATES TREASURY INFLATION INDEXED BONDS 1.375% 07/15/2018$1,247,377
MORGAN STANLEY CAPITAL I TRUST 2015-UBS8 3.809% 12/15/2048$918,325
VOLT XLII LLC 4.25% 03/26/2046$794,298
FORD MOTOR CREDIT CO LLC 6.625% 08/15/2017$724,319
INTESA SANPAOLO SPA 2.375% 01/13/2017$700,505
INTESA SANPAOLO SPA 6.5% 02/24/2021$546,596
ALLY MASTER OWNER TRUST 1.63% 05/15/2020$530,515
PORSCHE INNOVATIVE LEASE OWNER TRUST 2015-1 1.43% 05/21/2021$528,768
HARLEY-DAVIDSON MOTORCYCLE TRUST 2015-2 1.3% 03/16/2020$527,540
BANK OF THE WEST AUTO TRUST 2015-1 1.31% 10/15/2019$527,503
CITIGROUP COMMERCIAL MORTGAGE TRUST 2015-GC27 3.137% 02/10/2048$522,367
ACTAVIS FUNDING SCS 3.45% 03/15/2022$507,804
FORD CREDIT FLOORPLAN MASTER OWNER TRUST A 1.98% 01/15/2022$501,663
ALLY MASTER OWNER TRUST 1.72% 07/15/2019$501,575
STANWICH MORTGAGE LOAN CO 2016-NPL-A-1 3.844% 10/16/2046$500,375
HSBC HOME EQUITY LOAN TRUST USA 2007-1 1.042% 03/20/2036$482,894
GM FINANCIAL AUTOMOBILE LEASING TRUST 2015-2 1.68% 12/20/2018$481,468
CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2015-2 1.31% 08/15/2019$474,254
BRAZIL NOTAS DO TESOURO NACIONAL SERIE F 3660% 01/01/2027$472,659
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.184% 12/25/2027$422,078
ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST SERIES OOMC 2006-HE3 0.757% 03/25/2036$407,976
NAVIENT STUDENT LOAN TRUST 2016-7 1.67% 03/25/2066$404,509
COLT 2016-1 MORTGAGE LOAN TRUST 3% 05/25/2046$404,121
COMM 2015-CCRE22 MORTGAGE TRUST 3.309% 03/10/2048$396,387
DEUTSCHE BANK AG 4.25% 10/14/2021$394,330
LLOYDS BANKING GROUP PLC 3.1% 07/06/2021$374,051
CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2015-1 1.82% 09/15/2020$371,815
NEW VALLEY GENERATION I 7.299% 03/15/2019$370,932
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-SG1 3.789% 12/15/2047$366,710
COMM 2015-CCRE25 MORTGAGE TRUST 3.759% 08/10/2048$366,663
CGRBS COMMERCIAL MORTGAGE TRUST 2013-VN05 3.369% 03/13/2035$360,879
AVIS BUDGET RENTAL CAR FUNDING AESOP LLC 2.1% 03/20/2019$360,662
GE DEALER FLOORPLAN MASTER NOTE TRUST 0.942% 07/20/2019$350,028
CHRYSLER CAPITAL AUTO RECEIVABLES TRUST 2014-A 1.31% 05/15/2019$326,841
BMW FLOORPLAN MASTER OWNER TRUST 1.038% 07/15/2020$318,715
CARMAX AUTO OWNER TRUST 2013-4 1.28% 05/15/2019$317,186
SPRINT CAPITAL CORP 6.9% 05/01/2019$313,500
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.242% 03/25/2028$311,209
PNC BANK NA 3.25% 06/01/2025$300,624
ING BANK NV 2.625% 12/05/2022$298,739
ENTERPRISE FLEET FINANCING LLC 1.3% 09/20/2020$279,172
KLA-TENCOR CORP 4.65% 11/01/2024$273,665
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 6.134% 07/25/2028$272,931
RELIANCE HOLDING USA INC 5.4% 02/14/2022$271,021
PRUDENTIAL FINANCIAL INC 5.375% 05/15/2045$271,016
BERKSHIRE HATHAWAY ENERGY CO 6.125% 04/01/2036$268,160
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 4.42% 06/15/2021$267,807
JPMORGAN CHASE & CO 3.2% 01/25/2023$267,763
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 5.334% 10/25/2024$267,439
LINCOLN NATIONAL CORP 4% 09/01/2023$267,005
GLENCORE FUNDING LLC 4% 04/16/2025$265,151
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 5.084% 10/25/2024$264,802
CITIGROUP INC 3.3% 04/27/2025$264,773
LABORATORY CORP OF AMERICA HOLDINGS 3.6% 02/01/2025$264,705
METLIFE INC 4.368% 09/15/2023$264,668
BANK OF AMERICA CORP 4% 04/01/2024$264,064
BP CAPITAL MARKETS PLC 3.814% 02/10/2024$263,981
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 5.392% 05/25/2028$263,606
AT&T INC 3% 02/15/2022$263,105
SANTANDER HOLDINGS USA INC 2.65% 04/17/2020$262,890
TYSON FOODS INC 2.65% 08/15/2019$262,741
ENTERPRISE PRODUCTS OPERATING LLC 2.55% 10/15/2019$262,615
ACTAVIS FUNDING SCS 3.8% 03/15/2025$262,493
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 5.292% 04/25/2028$262,283
MORGAN STANLEY 2.65% 01/27/2020$261,781
NEWELL BRANDS INC 3.15% 04/01/2021$261,766
LYONDELLBASELL INDUSTRIES NV 5.75% 04/15/2024$261,703
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2014-INN 1.458% 06/15/2029$261,685
MORGAN STANLEY 3.875% 04/29/2024$261,641
ENERGY TRANSFER PARTNERS LP 4.05% 03/15/2025$261,432
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2015-SGP 2.238% 07/15/2036$261,274
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 5.234% 10/25/2028$260,541
PERRIGO FINANCE UNLIMITED CO 3.5% 12/15/2021$260,272
JPMORGAN CHASE & CO 3.875% 02/01/2024$260,049
SOCIETE GENERALE SA 5.2% 04/15/2021$259,513
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 4.534% 08/25/2024$259,099
VERIZON COMMUNICATIONS INC 4.6% 04/01/2021$258,053
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 4.534% 08/25/2024$257,800
CHRYSLER CAPITAL AUTO RECEIVABLES TRUST 2015-B 1.91% 03/16/2020$256,466
SPECTRA ENERGY PARTNERS LP 4.6% 06/15/2021$255,536
COOPERATIEVE RABOBANK UA 4.375% 08/04/2025$255,137
WYNDHAM WORLDWIDE CORP 4.25% 03/01/2022$254,014
BANK OF AMERICA CORP 5.625% 07/01/2020$253,605
GRUPO BIMBO SAB DE CV 3.875% 06/27/2024$253,315
AT&T INC 5.875% 10/01/2019$251,691
BNP PARIBAS SA 5% 01/15/2021$251,128
LONG BEACH MORTGAGE LOAN TRUST 2005-2 1.522% 04/25/2035$248,961
FORD MOTOR CREDIT CO LLC 5.875% 08/02/2021$248,757
ENLINK MIDSTREAM PARTNERS LP 4.4% 04/01/2024$248,614
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 4.334% 03/25/2029$245,884
NATIONWIDE BUILDING SOCIETY 4% 09/14/2026$244,715
CONOCOPHILLIPS 6% 01/15/2020$243,544
DIAMOND OFFSHORE DRILLING INC 3.45% 11/01/2023$240,985
MOTOROLA SOLUTIONS INC 7.5% 05/15/2025$240,068
GS MORTGAGE SECURITIES TRUST 2007-GG10 5.988% 08/10/2045$238,352
FEDERAL NATIONAL MORTGAGE ASSOCIATION 5.592% 07/25/2025$230,454
NEWMONT MINING CORP 4.875% 03/15/2042$229,916
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2007-LDP10 5.439% 01/15/2049$216,775
PETROBRAS GLOBAL FINANCE BV 5.75% 01/20/2020$211,050
FANNIE MAE CONNECTICUT AVENUE SECURITIES 7.342% 08/25/2028$207,146
UBS GROUP FUNDING JERSEY LTD 2.661% 04/14/2021$206,964
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$206,025
LSTAR COMMERCIAL MORTGAGE TRUST 2015-3 2.729% 04/20/2048$205,970
S&P GLOBAL INC 4.4% 02/15/2026$203,141
SANTANDER UK PLC 5% 11/07/2023$202,675
H/2 ASSET OTHER SECURED LOANS 1.92% 06/24/2049$200,549
LLOYDS BANKING GROUP PLC 4.65% 03/24/2026$199,569
GS MORTGAGE SECURITIES TRUST 2013-G1 3.557% 04/10/2031$197,389
CSAIL 2015-C3 COMMERCIAL MORTGAGE TRUST 3.718% 08/15/2048$197,194
CREDIT AGRICOLE SA 4.375% 03/17/2025$196,757
PETROBRAS GLOBAL FINANCE BV 4.875% 03/17/2020$196,140
JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2015-C31 3.801% 08/15/2048$194,021
PETROLEOS MEXICANOS 4.625% 09/21/2023$192,903
FANNIE MAE CONNECTICUT AVENUE SECURITIES 4.592% 05/25/2025$186,215
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.8% 07/21/2023$184,999
GMF FLOORPLAN OWNER REVOLVING TRUST 1.65% 05/15/2020$181,867
PLAINS ALL AMERICAN PIPELINE LP / PAA FINANCE CORP 3.6% 11/01/2024$179,174
SCHLUMBERGER HOLDINGS CORP 3% 12/21/2020$178,361
WALGREENS BOOTS ALLIANCE INC 3.8% 11/18/2024$175,198
FEDERAL NATIONAL MORTGAGE ASSOCIATION 4.592% 05/25/2025$170,817
ABBVIE INC 3.6% 05/14/2025$170,248
HESS CORP 4.3% 04/01/2027$170,189
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 5.488% 04/20/2046$165,118
FANNIE MAE CONNECTICUT AVENUE SECURITIES 7.342% 08/25/2028$163,480
SPECTRUM BRANDS INC 5.75% 07/15/2025$161,588
KLX INC 5.875% 12/01/2022$160,290
FEDERAL NATIONAL MORTGAGE ASSOCIATION 5.142% 02/25/2025$159,307
BELLEMEADE RE II LTD 7.092% 04/25/2026$158,973
AT&T INC 5.15% 03/15/2042$158,803
HCA INC 6.5% 02/15/2020$158,231
WESTERN DIGITAL CORP 7.375% 04/01/2023$158,045
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-SG1 4.62% 12/15/2047$157,776
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-NXS6 4.452% 11/15/2049$157,556
GENERAL MOTORS CO 3.5% 10/02/2018$156,810
STANDARD CHARTERED PLC 6.409% 01/30/2017$156,750
JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2015-C32 4.818% 11/15/2048$156,604
ALLISON TRANSMISSION INC 5% 10/01/2024$156,550
BANK OF AMERICA CORP 6.5% 10/23/2024$156,293
SOFI CONSUMER LOAN PROGRAM 2016-3 LLC 3.05% 12/26/2025$155,946
SONIC AUTOMOTIVE INC 5% 05/15/2023$155,200
HERTZ VEHICLE FINANCING LLC 2.48% 08/25/2019$155,145
TACO BELL FUNDING LLC 3.832% 05/25/2046$154,170
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 5.538% 08/20/2046$153,501
HERTZ VEHICLE FINANCING II LP 2.02% 09/25/2019$152,788
CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 4.908% 07/23/2025$146,390
FANNIE MAE REMICS 5% 06/25/2045$145,107
FANNIE MAE CONNECTICUT AVENUE SECURITIES 6.492% 10/25/2028$142,972
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 5.538% 08/20/2046$141,519
CITIGROUP COMMERCIAL MORTGAGE TRUST 2012-GC8 5.039% 09/10/2045$141,161
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-LC25 1% 12/15/2059$140,456
LSTAR COMMERCIAL MORTGAGE TRUST 2016-4 2.579% 03/10/2049$139,334
ENTERGY CORP 4% 07/15/2022$137,612
EXETER AUTOMOBILE RECEIVABLES TRUST 2016-1 8.2% 02/15/2023$136,930
FANNIE MAE REMICS 5.566% 03/25/2046$134,928
GS MORTGAGE SECURITIES TRUST 2014-GC18 5.11% 01/10/2047$134,743
GS MORTGAGE SECURITIES TRUST 2012-GC6 5.843% 01/10/2045$132,618
SABINE PASS LIQUEFACTION LLC 5% 03/15/2027$131,670
FANNIE MAE CONNECTICUT AVENUE SECURITIES 4.842% 04/25/2029$129,842
FANNIE MAE REMICS 6.476% 03/25/2041$129,660
FANNIE MAE REMICS 5.666% 09/25/2045$126,891
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 3.15% 10/01/2026$124,785
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 7.125% 06/15/2024$119,172
SG COMMERCIAL MORTGAGE SECURITIES TRUST 2016-C5 3.055% 10/10/2048$117,088
CITIGROUP COMMERCIAL MORTGAGE TRUST 2013-GC11 4.456% 04/10/2046$116,674
FFMLT TRUST 2005-FF11 1.272% 11/25/2035$114,106
SOFI CONSUMER LOAN PROGRAM 2016-2 LLC 3.09% 10/27/2025$113,482
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2006-LDP9 5.372% 05/15/2047$113,161
FANNIE MAE CONNECTICUT AVENUE SECURITIES 6.142% 04/25/2028$112,197
FANNIE MAE CONNECTICUT AVENUE SECURITIES 6.592% 09/25/2028$110,730
CELGENE CORP 3.875% 08/15/2025$106,941
MORGAN STANLEY CAPITAL I TRUST 2005-IQ9 5% 07/15/2056$106,172
NATIONWIDE MUTUAL INSURANCE CO 9.375% 08/15/2039$105,408
CSMC TRUST 2016-MFF 0% 11/15/2033$105,132
GOLDMAN SACHS GROUP INC/THE 2.537% 11/29/2023$104,994
CGBAM COMMERCIAL MORTGAGE TRUST 2016-IMC 2.438% 11/15/2021$104,191
CGBAM COMMERCIAL MORTGAGE TRUST 2016-IMC 4.488% 11/15/2021$104,105
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-3 1.74% 09/15/2021$103,321
FLAGSHIP CREDIT AUTO TRUST 2016-4 3.89% 11/15/2022$103,267
JPMORGAN CHASE & CO 2.295% 08/15/2021$103,171
FEDERAL HOME LOAN MORTGAGE CORP 5.872% 05/15/2037$101,712
VIACOM INC 4.375% 03/15/2043$100,452
EXETER AUTOMOBILE RECEIVABLES TRUST 2016-3 1.84% 11/16/2020$100,275
VOLKSWAGEN CREDIT AUTO MASTER TRUST 0.912% 07/22/2019$99,844
NAVIENT CORP 7.25% 01/25/2022$98,681
WFRBS COMMERCIAL MORTGAGE TRUST 2012-C9 4.96% 11/15/2045$97,997
MERCEDES BENZ AUTO LEASE TRUST 2015-B 1.34% 07/16/2018$97,118
WORLD FINANCIAL NETWORK CREDIT CARD MASTER TRUST 1.44% 06/15/2022$94,785
GOLDMAN SACHS GROUP INC/THE 2.35% 11/15/2021$94,454
DELL EQUIPMENT FINANCE TRUST 2015-2 1.42% 12/22/2017$92,790
FEDERAL NATIONAL MORTGAGE ASSOCIATION 5.592% 07/25/2025$90,315
KOHL'S CORP 5.55% 07/17/2045$84,923
CENTURYLINK INC 6.45% 06/15/2021$81,913
AVIS BUDGET CAR RENTAL LLC / AVIS BUDGET FINANCE INC 5.25% 03/15/2025$80,584
NEWELL BRANDS INC 3.85% 04/01/2023$77,129
CITI HELD FOR ASSET ISSUANCE 2016-PM1 4.65% 04/15/2025$75,532
UBS-CITIGROUP COMMERCIAL MORTGAGE TRUST 2011-C1 6.265% 01/10/2045$74,818
MICRON TECHNOLOGY INC 7.5% 09/15/2023$74,203
FANNIE MAE CONNECTICUT AVENUE SECURITIES 5.042% 01/25/2029$72,820
CENTURYLINK INC 7.5% 04/01/2024$72,442
FANNIE MAE CONNECTICUT AVENUE SECURITIES 6.292% 04/25/2028$70,884
SAXON ASSET SECURITIES TRUST 2003-1 4.034% 06/25/2033$70,393
LB-UBS COMMERCIAL MORTGAGE TRUST 2006-C6 5.452% 09/15/2039$66,860
WELLS FARGO CREDIT RISK TRANSFER SECURITIES TRUST 2015 3.342% 11/25/2025$65,634
HANESBRANDS INC 4.625% 05/15/2024$64,160
NAVIENT CORP 6.625% 07/26/2021$62,775
MYLAN NV 3.95% 06/15/2026$59,292
CENOVUS ENERGY INC 5.7% 10/15/2019$56,417
FANNIE MAE CONNECTICUT AVENUE SECURITIES 5.892% 10/25/2028$47,157
WELLS FARGO CREDIT RISK TRANSFER SECURITIES TRUST 2015 3.342% 11/25/2025$42,938
LAM RESEARCH CORP 2.8% 06/15/2021$39,789
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.092% 07/25/2025$38,000
FIDELITY NATIONAL INFORMATION SERVICES INC 3.5% 04/15/2023$37,478
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2015-3 1.42% 05/17/2021$35,240
SPX FLOW INC 5.625% 08/15/2024$33,490
SPX FLOW INC 5.875% 08/15/2026$33,320
LAMB WESTON HOLDINGS INC 4.625% 11/01/2024$26,949
LAMB WESTON HOLDINGS INC 4.875% 11/01/2026$25,935
ACE SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2005-SD1 1.342% 11/25/2050$25,629
BELLEMEADE RE LTD 3.092% 07/25/2025$16,700
CENOVUS ENERGY INC 3% 08/15/2022$13,287
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-4 1.2% 12/17/2018$12,553
MERRILL LYNCH MORTGAGE TRUST 2006-C2 5.802% 08/12/2043$4,897
FIDELITY NATIONAL INFORMATION SERVICES INC 5% 10/15/2025$3,255
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$14,898,755
FEDERAL HOME ZERO 01/17$1,799,438
SUMITOMO FLT 09/17$1,302,886
NATIXIS SA/NEW FLT 09/17$1,004,097
FEDERAL HOME ZERO 12/16$999,900
FEDERAL HOME ZERO 02/17$999,150
SUMITOMO FLT 09/17$901,819
MITSUBISHI UFJ FLT 09/17$702,337
BARCLAYS BANK FLT 09/17$601,275
FEDERAL HOME ZERO 01/17$299,878
FEDERAL HOME ZERO 02/17$299,760
FEDERAL HOME ZERO 01/17$99,966
 
Other
Holding NameMarket Value
IRS USD FIXED 1.81 6/9/2020 MSCME$8,901,210
IRS NOK FLOAT .95 5/12/2018 MSCME$7,181,770
IRS USD FLOAT 1.49 10/4/2026 MSCME$1,210,305
IRS NZD FIXED 2.47 7/28/2026 MSCME$970,882
SWAP CASH COLLATERAL USD$940,000
IRS USD FIXED 2.25 MS 12/21/2046 CME$432,022
IRS USD FLOAT 2.72 11/10/2045 MSCME$406,843
USD CCP COLL IM MS$229,872
PUT ON 10 YEAR US TREASURY NOTES PUT USD 123.5$206,375
USD$146,138
IRS USD FLOAT 2.69 8/6/2045 MSCME$142,864
IRO USD P 2.6 3/29/2019 MS$85,581
IRS USD FLOAT 1.61 10/11/2026 MSCME$63,233
IRO USD P 2.605 10/17/2018 MS$55,878
INF USD FIXED 1.58 01/15/2025 BOA$50,125
IRS USD FLOAT 1.68 11/4/2026 MSCME$48,734
CANADIAN DOLLAR$37,055
INF USD FIXED 1.9 7/15/2022 CITI$31,088
INF USD FIXED 1.92 7/15/2022 CITI$27,339
EURO$26,605
IRS NOK 1.67 11/26 MSCME$24,955
IRS NOK 1.67 11/26 MSCME$24,219
CURRENCY CONTRACT$23,296
IRS NOK 1.66 11/26 MSCME$20,057
IRS USD FLOAT 1.68 11/4/2026 MSCME$19,904
IRO USD P 2.59 12/10/2018 MS$19,071
IRO USD P 2.6075 11/15/2018 MS$18,728
INF USD FIXED 1.75 4/15/2020 CITI$18,298
US ULTRA BOND CBT BOND MAR17 (WNH7) COMDTY$16,503
IRS USD 1.67 11/26 MSCME$15,765
IRS USD FLOAT 1.68 11/8/2026 MSCME$15,332
IRO USD C 1.95 02/16/17 GLM$15,136
INF USD FIXED 1.9 1/15/2020 CITI$13,384
CURRENCY CONTRACT$12,743
US LONG BOND(CBT) BOND MAR17 (USH7) COMDTY$12,130
CURRENCY CONTRACT$11,470
IRO USD C 1.3 11/07/17 RBS$10,867
INF USD FIXED 1.95 7/15/2021 CITI$10,315
CURRENCY CONTRACT$10,271
INF USD FIXED 1.89 1/15/2022 CITI$6,525
CURRENCY CONTRACT$6,090
INF USD FIXED 1.95 7/15/2020 CITI$3,586
US 10YR ULTRA FUT BOND MAR17 (UXYH7) COMDTY$3,530
IRO USD P 1.25 02/06/17 MYC$2,776
CURRENCY CONTRACT$2,563
NA.BBB USD 5/63 DB CDS$2,117
90DAY EURO$ FUTR INTEREST RATE DEC16 (EDZ6)$989
INF USD FIXED 1.96 1/15/2023 CITI$564
NA.BBB USD FIXED 5/11/2063 CDS$114
NORWEGIAN KRONE$51
EURO$7
INF USD FLOAT 1.96 7/15/2021 CITI$0
INF USD FLOAT 1.96 1/15/2023 CITI$0
INF USD FLOAT 1.9 1/15/2020 CITI$0
INF USD FLOAT 1.89 1/15/2022 CITI$0
INF USD FLOAT 1.9 7/15/2022 CITI$0
INF USD FIXED 1.58 01/15/2025 BOA$0
INF USD FLOAT 1.95 7/15/2020 CITI$0
IRS USD FLOAT 1.31 11/4/2021 MSCME$0
INF USD FLOAT 1.92 7/15/2022 CITI$0
INF USD FLOAT 1.95 7/15/2021 CITI$0
INF USD FLOAT 1.39 7/15/2018 BARC$0
INF USD FLOAT 1.75 4/15/2020 CITI$0
NA.BBB USD FLOAT 5/11/2063 CDS$0
NA.BBB USD 5/11/2063 CT FLOAT CDS$0
INF USD FLOAT 1.71 4/15/2019 CITI$0
NA.BBB USD 5/63 DB CDS$-73
US 2YR NOTE (CBT) BOND MAR17 (TUH7) COMDTY$-93
CURRENCY CONTRACT$-258
IRS USD FIXED 1.66 11/8/2026 MSCME$-361
IRS USD 1.67 11/26 MSCME$-361
CURRENCY CONTRACT$-476
IRS USD FIXED 1.68 11/7/2026 MSCME$-515
FIXED ADV MICRO 3/20/2019 5 CITI CDS$-850
INF USD FIXED 1.71 4/15/2019 CITI$-990
FIXED SPRINT 06/20/2019 1.0 MSC CDS$-1,400
IRS USD FIXED 1.68 11/4/2026 MSCME$-1,436
IRO USD P 1.25 01/09/2017 GLM$-1,436
INF USD PAY 2.02125 MS LCH 11/25/2020$-1,489
FIXED SPRINT 06/20/2019 5.0 MSC CDS$-1,600
CURRENCY CONTRACT$-2,313
IRS USD FIXED 1.61 10/11/2026 MSCME$-2,380
CURRENCY CONTRACT$-2,646
IRO USD P 2.4 02/16/17 GLM$-4,011
CURRENCY CONTRACT$-4,023
FLOAT SPRINT 06/20/2019 1.0 MSC CDS$-7,497
FLOAT ADV MICRO 3/20/2019 5 CITI CDS$-7,572
FLOAT SPRINT 06/20/2019 5.0 MSC CDS$-8,568
INF USD PAY 1.805 MYC 09/20/2026$-9,158
INF USD FIXED 1.96 7/15/2021 CITI$-16,203
CURRENCY CONTRACT$-16,431
IRO USD P 2.6 11/07/17 RBS$-17,142
NA.BBB USD 5/11/2063 CT FIXED CDS$-21,700
INF USD FIXED 1.39 7/15/2018 BARC$-26,446
IRO USD P 2.25 11/15/2018 MS$-27,727
IRO USD P 2.25 12/10/2018 MS$-28,109
US 5YR NOTE (CBT) BOND MAR17 (FVH7) COMDTY$-30,591
IRS NOK 1.66 11/26 MSCME$-34,036
US 10YR NOTE (CBT)MAR17 BOND MAR17 (TYH7)$-37,551
IRS NOK 1.67 11/26 MSCME$-37,609
IRS NOK 1.67 11/26 MSCME$-50,424
IRO USD P 2.25 10/17/2018 MS$-80,023
IRS USD 1.55 11/26 MSCME$-84,339
IRS USD FIXED 1.31 11/4/2021 MSCME$-88,271
USD$-127,545
IRO USD P 2.3 3/29/2019 MS$-128,642
IRS USD FIXED 2.69 8/6/2045 MSCME$-151,289
INF USD 2.205 10/11/2018 GS$-215,942
INF SWP:USD 2.25 7/15/17 RBS$-221,867
USD CCP COLL VM MS$-227,404
IRS USD FIXED 2.72 11/10/2045 MSCME$-430,682
IRS NZD FLOAT 2.47 7/28/2026 MSCME$-1,033,972
IRS USD FIXED 1.49 10/4/2026 MSCME$-1,142,689
IRS NOK FIXED .95 5/12/2018 MSCME$-7,184,837
IRS USD FLOAT 1.81 6/9/2020 MSCME$-8,787,023
All Holdings As of Oct 31, 2016
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.625% 07/15/2021$29,725,865
UNITED STATES TREASURY INFLATION INDEXED BONDS 2.375% 01/15/2027$27,188,094
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 04/15/2019$25,900,131
UNITED STATES TREASURY INFLATION INDEXED BONDS 2.5% 01/15/2029$25,751,088
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.375% 07/15/2023$24,649,008
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 01/15/2023$23,007,242
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 07/15/2024$22,603,375
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 07/15/2022$21,109,251
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.375% 07/15/2025$18,963,251
UNITED STATES TREASURY INFLATION INDEXED BONDS 2% 01/15/2026$17,669,807
UNITED STATES TREASURY INFLATION INDEXED BONDS 1.75% 01/15/2028$16,345,395
UNITED STATES TREASURY INFLATION INDEXED BONDS 1.375% 02/15/2044$16,236,648
UNITED STATES TREASURY INFLATION INDEXED BONDS 2.375% 01/15/2025$16,039,905
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.75% 02/15/2042$15,606,324
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.625% 01/15/2024$15,056,160
UNITED STATES TREASURY INFLATION INDEXED BONDS 3.625% 04/15/2028$12,574,607
UNITED STATES TREASURY INFLATION INDEXED BONDS 3.875% 04/15/2029$11,051,529
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 04/15/2020$9,917,509
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 01/15/2022$9,502,136
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.25% 01/15/2025$9,046,832
UNITED STATES TREASURY INFLATION INDEXED BONDS 2.125% 02/15/2040$7,930,311
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 04/15/2018$7,880,567
UNITED STATES TREASURY INFLATION INDEXED BONDS 2.125% 02/15/2041$7,845,880
UNITED STATES TREASURY INFLATION INDEXED BONDS 1.125% 01/15/2021$7,376,609
UNITED STATES TREASURY INFLATION INDEXED BONDS 1% 02/15/2046$7,296,902
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.625% 01/15/2026$6,690,672
UNITED STATES TREASURY INFLATION INDEXED BONDS 1.25% 07/15/2020$6,341,132
UNITED STATES TREASURY INFLATION INDEXED BONDS 1.375% 01/15/2020$5,659,744
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 04/15/2021$5,376,222
UNITED STATES TREASURY INFLATION INDEXED BONDS 3.375% 04/15/2032$3,490,843
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.625% 02/15/2043$2,833,154
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.75% 02/15/2045$2,277,231
UNITED STATES TREASURY INFLATION INDEXED BONDS 0.125% 07/15/2026$1,914,931
KINDER MORGAN INC/DE 2% 12/01/2017$1,907,328
ACTAVIS FUNDING SCS 1.85% 03/01/2017$1,904,596
FIRST FRANKLIN MORTGAGE LOAN TRUST SERIE 1.194% 05/25/2036$1,281,182
UNITED STATES TREASURY INFLATION INDEXED BONDS 1.375% 07/15/2018$1,249,874
MORGAN STANLEY CAPITAL I TRUST 2015-UBS8 3.809% 12/15/2048$950,413
VOLT XLII LLC 4.25% 03/26/2046$830,956
FORD MOTOR CREDIT CO LLC 6.625% 08/15/2017$727,315
INTESA SANPAOLO SPA 2.375% 01/13/2017$700,664
INTESA SANPAOLO SPA 6.5% 02/24/2021$561,479
CITIGROUP COMMERCIAL MORTGAGE TRUST 2015-GC27 3.137% 02/10/2048$539,613
ALLY MASTER OWNER TRUST 1.63% 05/15/2020$531,891
PORSCHE INNOVATIVE LEASE OWNER TRUST 201 1.43% 05/21/2021$529,524
HARLEY-DAVIDSON MOTORCYCLE TRUST 2015-2 1.3% 03/16/2020$527,896
BANK OF THE WEST AUTO TRUST 2015-1 1.31% 10/15/2019$527,528
ACTAVIS FUNDING SCS 3.45% 03/15/2022$519,718
CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2015-2 1.31% 08/15/2019$516,712
FORD CREDIT FLOORPLAN MASTER OWNER TRUST A 1.98% 01/15/2022$503,965
ALLY MASTER OWNER TRUST 1.72% 07/15/2019$501,483
HSBC HOME EQUITY LOAN TRUST USA 2007-1 1.006% 03/20/2036$482,682
GM FINANCIAL AUTOMOBILE LEASING TRUST 2015-2 1.68% 12/20/2018$482,612
COLT 2016-1 MORTGAGE LOAN TRUST 3% 05/25/2046$449,072
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 3.134% 12/25/2027$437,150
ASSET BACKED SECURITIES CORP HOME EQUITY 0.699% 03/25/2036$419,328
COMM 2015-CCRE22 MORTGAGE TRUST 3.309% 03/10/2048$409,352
DEUTSCHE BANK AG 4.25% 10/14/2021$403,080
NAVIENT STUDENT LOAN TRUST 2016-7 0% 03/25/2066$400,492
LLOYDS BANKING GROUP PLC 3.1% 07/06/2021$381,093
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-SG1 3.789% 12/15/2047$380,441
COMM 2015-CCRE25 MORTGAGE TRUST 3.759% 08/10/2048$378,832
NEW VALLEY GENERATION I 7.299% 03/15/2019$374,889
CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2015-1 1.82% 09/15/2020$372,842
CGRBS COMMERCIAL MORTGAGE TRUST 2013-VN05 3.369% 03/13/2035$369,422
CHRYSLER CAPITAL AUTO RECEIVABLES TRUST 2014-A 1.31% 05/15/2019$367,168
AVIS BUDGET RENTAL CAR FUNDING AESOP LLC 2.1% 03/20/2019$361,200
WELLS FARGO DEALER FLOORPLAN MASTER NOTE .906% 07/20/2019$350,265
BMW FLOORPLAN MASTER OWNER TRUST 1.035% 07/15/2020$318,682
CARMAX AUTO OWNER TRUST 2013-4 1.28% 05/15/2019$317,260
SPRINT CAPITAL CORP 6.9% 05/01/2019$316,500
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 3.184% 03/25/2028$316,138
PNC BANK NA 3.25% 06/01/2025$312,705
ING BANK NV 2.625% 12/05/2022$308,123
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2007-LDP10 5.439% 01/15/2049$306,403
ENTERPRISE FLEET FINANCING LLC 1.3% 09/20/2020$298,978
KLA-TENCOR CORP 4.65% 11/01/2024$283,558
BERKSHIRE HATHAWAY ENERGY CO 6.125% 04/01/2036$282,217
RELIANCE HOLDING USA INC 5.4% 02/14/2022$279,367
KINDER MORGAN ENERGY PARTNERS LP 3.95% 09/01/2022$277,819
WALGREENS BOOTS ALLIANCE INC 3.8% 11/18/2024$277,056
PRUDENTIAL FINANCIAL INC 5.375% 05/15/2045$276,130
CITIGROUP INC 3.3% 04/27/2025$275,068
LABORATORY CORP OF AMERICA HOLDINGS 3.6% 02/01/2025$274,557
JPMORGAN CHASE & CO 3.2% 01/25/2023$274,100
BANK OF AMERICA CORP 4% 04/01/2024$272,892
BP CAPITAL MARKETS PLC 3.814% 02/10/2024$272,858
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 4.42% 06/15/2021$272,163
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 6.084% 07/25/2028$272,163
LINCOLN NATIONAL CORP 4% 09/01/2023$271,916
METLIFE INC 4.368% 09/15/2023$271,682
GLENCORE FUNDING LLC 4% 04/16/2025$271,356
ACTAVIS FUNDING SCS 3.8% 03/15/2025$270,303
MORGAN STANLEY 3.875% 04/29/2024$270,184
TIME WARNER INC 3.55% 06/01/2024$269,763
LYONDELLBASELL INDUSTRIES NV 5.75% 04/15/2024$269,356
AT&T INC 3% 02/15/2022$269,079
JPMORGAN CHASE & CO 3.875% 02/01/2024$268,403
NEWELL BRANDS INC 3.15% 04/01/2021$267,879
21ST CENTURY FOX AMERICA INC 6.15% 02/15/2041$267,813
ENERGY TRANSFER PARTNERS LP 4.05% 03/15/2025$267,162
SANTANDER HOLDINGS USA INC 2.65% 04/17/2020$267,019
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 5.284% 10/25/2024$266,878
ALTRIA GROUP INC 2.625% 01/14/2020$266,642
HARTFORD FINANCIAL SERVICES GROUP INC/THE 5.125% 04/15/2022$266,227
GRUPO BIMBO SAB DE CV 3.875% 06/27/2024$265,963
TYSON FOODS INC 2.65% 08/15/2019$265,962
PERRIGO FINANCE UNLIMITED CO 3.5% 12/15/2021$265,645
SOCIETE GENERALE SA 5.2% 04/15/2021$265,511
ENTERPRISE PRODUCTS OPERATING LLC 2.55% 10/15/2019$265,466
21ST CENTURY FOX AMERICA INC 4.5% 02/15/2021$264,936
MORGAN STANLEY 2.65% 01/27/2020$264,764
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 5.084% 10/25/2024$264,654
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 5.334% 05/25/2028$264,218
VERIZON COMMUNICATIONS INC 4.6% 04/01/2021$264,098
COOPERATIEVE RABOBANK UA 4.375% 08/04/2025$263,782
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 5.234% 04/25/2028$262,203
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2014-INN 1.455% 06/15/2029$261,599
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 4.534% 08/25/2024$261,354
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2015-SGP 2.235% 07/15/2036$261,202
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 5.184% 10/25/2028$260,449
SPECTRA ENERGY PARTNERS LP 4.6% 06/15/2021$260,204
WYNDHAM WORLDWIDE CORP 4.25% 03/01/2022$259,094
BANK OF AMERICA CORP 5.625% 07/01/2020$257,639
NATIONWIDE BUILDING SOCIETY 4% 09/14/2026$257,000
CHRYSLER CAPITAL AUTO RECEIVABLES TRUST 2015-B 1.91% 03/16/2020$256,870
FORD MOTOR CREDIT CO LLC 5.875% 08/02/2021$255,762
BNP PARIBAS SA 5% 01/15/2021$255,760
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 4.284% 09/25/2024$255,295
AT&T INC 5.875% 10/01/2019$254,909
ENLINK MIDSTREAM PARTNERS LP 4.4% 04/01/2024$254,086
LONG BEACH MORTGAGE LOAN TRUST 2005-2 1.464% 04/25/2035$251,323
NEWMONT MINING CORP 4.875% 03/15/2042$249,193
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 4.334% 03/25/2029$248,001
DIAMOND OFFSHORE DRILLING INC 3.45% 11/01/2023$247,359
CONOCOPHILLIPS 6% 01/15/2020$247,143
MOTOROLA SOLUTIONS INC 7.5% 05/15/2025$244,988
GS MORTGAGE SECURITIES TRUST 2007-GG10 5.794% 08/10/2045$240,387
FANNIE MAE CONNECTICUT AVENUE SECURITIES 5.534% 07/25/2025$229,276
PETROBRAS GLOBAL FINANCE BV 5.75% 01/20/2020$217,245
LSTAR COMMERCIAL MORTGAGE TRUST 2015-3 2.729% 04/20/2048$212,984
S&P GLOBAL INC 4.4% 02/15/2026$212,190
SANTANDER UK PLC 5% 11/07/2023$207,865
FANNIE MAE CONNECTICUT AVENUE SECURITIES 7.284% 08/25/2028$206,557
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$206,538
UBS GROUP FUNDING JERSEY LTD 2.661% 04/14/2021$206,508
LLOYDS BANKING GROUP PLC 4.65% 03/24/2026$206,246
PETROLEOS MEXICANOS 4.625% 09/21/2023$204,703
CREDIT AGRICOLE SA 4.375% 03/17/2025$204,695
CSAIL 2015-C3 COMMERCIAL MORTGAGE TRUST 3.718% 08/15/2048$204,166
GS MORTGAGE SECURITIES TRUST 2013-G1 3.557% 04/10/2031$202,553
PETROBRAS GLOBAL FINANCE BV 4.875% 03/17/2020$201,950
H/2 ASSET 1.92% 06/24/2049$200,519
JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2015-C31 3.801% 08/15/2048$200,026
STANDARD CHARTERED PLC 6.409% 01/30/2017$194,750
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.8% 07/21/2023$193,165
PLAINS ALL AMERICAN PIPELINE LP / PAA FINANCE CORP 3.6% 11/01/2024$187,573
FANNIE MAE CONNECTICUT AVENUE SECURITIES 4.534% 05/25/2025$186,055
GMF FLOORPLAN OWNER REVOLVING TRUST 1.65% 05/15/2020$182,303
SCHLUMBERGER HOLDINGS CORP 3% 12/21/2020$181,687
HESS CORP 4.3% 04/01/2027$178,568
ABBVIE INC 3.6% 05/14/2025$175,707
FANNIE MAE CONNECTICUT AVENUE SECURITIES 4.534% 05/25/2025$170,773
SPECTRUM BRANDS INC 5.75% 07/15/2025$168,563
FANNIE MAE CONNECTICUT AVENUE SECURITIES 5.084% 02/25/2025$168,053
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 5.524% 04/20/2046$167,762
AT&T INC 5.15% 03/15/2042$165,724
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 5.574% 08/20/2046$165,235
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-NXS6 4.452% 11/15/2049$163,191
BANK OF AMERICA CORP 6.5% 10/23/2024$162,938
WELLS FARGO COMMERCIAL MORTGAGE TRUST 2015-SG1 4.471% 12/15/2047$162,919
FANNIE MAE CONNECTICUT AVENUE SECURITIES 7.484% 08/25/2028$162,319
HCA INC 6.5% 02/15/2020$160,950
FEDERAL NATIONAL MORTGAGE ASSOCIATION 5.616% 03/25/2046$160,661
WESTERN DIGITAL CORP 7.375% 04/01/2023$160,053
KLX INC 5.875% 12/01/2022$159,541
JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2015-C32 4.668% 11/15/2048$158,609
ALLISON TRANSMISSION INC 5% 10/01/2024$158,488
GENERAL MOTORS CO 3.5% 10/02/2018$158,181
FEDERAL NATIONAL MORTGAGE ASSOCIATION 6.146% 07/25/2041$157,639
SONIC AUTOMOTIVE INC 5% 05/15/2023$157,200
BELLEMEADE RE II LTD 7.034% 04/25/2026$156,665
SOFI CONSUMER LOAN PROGRAM 2016-3 LLC 3.05% 12/26/2025$156,324
TACO BELL FUNDING LLC 3.832% 05/25/2046$155,834
HERTZ VEHICLE FINANCING LLC 2.48% 08/25/2019$155,293
FANNIE MAE REMICS 5% 06/25/2045$154,531
HERTZ VEHICLE FINANCING II LP 2.02% 09/25/2019$153,280
CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 4.908% 07/23/2025$151,260
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 5.574% 08/20/2046$146,995
FEDERAL NATIONAL MORTGAGE ASSOCIATION 6.526% 03/25/2041$146,809
FEDERAL NATIONAL MORTGAGE ASSOCIATION 5.716% 09/25/2045$144,982
CITIGROUP COMMERCIAL MORTGAGE TRUST 2012 4.876% 09/10/2045$144,336
FFMLT TRUST 2005-FF11 1.214% 11/25/2035$143,959
FANNIE MAE CONNECTICUT AVENUE SECURITIES 6.434% 10/25/2028$143,355
LSTAR COMMERCIAL MORTGAGE TRUST 2016-4 2.579% 03/10/2049$143,033
ENTERGY CORP 4% 07/15/2022$141,046
EXETER AUTOMOBILE RECEIVABLES TRUST 2016-1 8.2% 02/15/2023$138,364
GS MORTGAGE SECURITIES TRUST 2014-GC18 4.945% 01/10/2047$137,778
SABINE PASS LIQUEFACTION LLC 5% 03/15/2027$135,660
GS MORTGAGE SECURITIES TRUST 2012-GC6 5.654% 01/10/2045$135,224
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 3.15% 10/01/2026$131,569
SG COMMERCIAL MORTGAGE SECURITIES TRUST 2016-C5 3.055% 10/10/2048$121,389
CITIGROUP COMMERCIAL MORTGAGE TRUST 2013 4.603% 04/10/2046$119,685
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 7.125% 06/15/2024$119,500
VALEANT PHARMACEUTICALS INTERNATIONAL INC 6.125% 04/15/2025$118,875
SOFI CONSUMER LOAN PROGRAM 2016-2 LLC 3.09% 10/27/2025$118,111
DELL EQUIPMENT FINANCE TRUST 2015-2 1.42% 12/22/2017$113,791
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2006-LDP9 5.372% 05/15/2047$113,540
FEDERAL HOME LOAN MORTGAGE CORP 5.875% 05/15/2037$111,641
FANNIE MAE CONNECTICUT AVENUE SECURITIES 6.534% 09/25/2028$110,853
FANNIE MAE CONNECTICUT AVENUE SECURITIES 6.084% 04/25/2028$110,795
CELGENE CORP 3.875% 08/15/2025$110,198
NATIONWIDE MUTUAL INSURANCE CO 9.375% 08/15/2039$107,648
GILEAD SCIENCES INC 3.65% 03/01/2026$107,045
MORGAN STANLEY CAPITAL I TRUST 2005-IQ9 5% 07/15/2056$106,508
VIACOM INC 4.375% 03/15/2043$105,275
FLAGSHIP CREDIT AUTO TRUST 2016-4 3.89% 11/15/2022$105,196
JPMORGAN CHASE & CO 2.295% 08/15/2021$105,139
EXETER AUTOMOBILE RECEIVABLES TRUST 2016-3 1.84% 11/16/2020$104,942
GOLDMAN SACHS GROUP INC/THE 2.429% 11/29/2023$104,631
CGBAM COMMERCIAL MORTGAGE TRUST 2016-IMC 0% 11/15/2021$104,100
CGBAM COMMERCIAL MORTGAGE TRUST 2016-IMC 0% 11/15/2021$104,000
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-3 1.74% 09/15/2021$103,694
WFRBS COMMERCIAL MORTGAGE TRUST 2012-C9 4.801% 11/15/2045$100,731
VOLKSWAGEN CREDIT AUTO MASTER TRUST 0.876% 07/22/2019$99,824
MERCEDES BENZ AUTO LEASE TRUST 2015-B 1.34% 07/16/2018$97,190
GOLDMAN SACHS GROUP INC/THE 2.35% 11/15/2021$96,525
NAVIENT CORP 7.25% 01/25/2022$96,306
WORLD FINANCIAL NETWORK CREDIT CARD MASTER TRUST 1.44% 06/15/2022$95,081
FANNIE MAE CONNECTICUT AVENUE SECURITIES 5.534% 07/25/2025$90,649
KOHL'S CORP 5.55% 07/17/2045$87,603
CENTURYLINK INC 6.45% 06/15/2021$84,728
AVIS BUDGET CAR RENTAL LLC / AVIS BUDGET FINANCE INC 5.25% 03/15/2025$82,976
CITI HELD FOR ASSET ISSUANCE 2016-PM1 4.65% 04/15/2025$81,113
NEWELL BRANDS INC 3.85% 04/01/2023$79,701
UBS-CITIGROUP COMMERCIAL MORTGAGE TRUST 2011-C1 6.064% 01/10/2045$76,234
MICRON TECHNOLOGY INC 7.5% 09/15/2023$74,119
FANNIE MAE CONNECTICUT AVENUE SECURITIES 4.984% 01/25/2029$73,343
SAXON ASSET SECURITIES TRUST 2003-1 4.034% 06/25/2033$73,071
CENTURYLINK INC 7.5% 04/01/2024$73,063
FANNIE MAE CONNECTICUT AVENUE SECURITIES 6.234% 04/25/2028$69,904
LB-UBS COMMERCIAL MORTGAGE TRUST 2006-C6 5.452% 09/15/2039$68,420
WELLS FARGO CREDIT RISK TRANSFER SECURITIES TRUST 2015 3.384% 11/25/2025$66,009
HANESBRANDS INC 4.625% 05/15/2024$65,400
NAVIENT CORP 6.625% 07/26/2021$60,600
CENOVUS ENERGY INC 5.7% 10/15/2019$57,310
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.034% 07/25/2025$51,011
WELLS FARGO CREDIT RISK TRANSFER SECURITIES TRUST 2015 3.284% 11/25/2025$47,998
FANNIE MAE CONNECTICUT AVENUE SECURITIES 5.834% 10/25/2028$47,083
LAM RESEARCH CORP 2.8% 06/15/2021$40,772
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2015-3 1.42% 05/17/2021$40,450
FIDELITY NATIONAL INFORMATION SERVICES INC 3.5% 04/15/2023$38,577
SPX FLOW INC 5.875% 08/15/2026$34,595
SPX FLOW INC 5.625% 08/15/2024$34,553
BELLEMEADE RE LTD 3.034% 07/25/2025$27,704
ACE SECURITIES CORP HOME EQUITY LOAN TRUST SERIES 2005-SD1 1.284% 11/25/2050$27,445
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 1.2% 12/17/2018$19,826
CENOVUS ENERGY INC 3% 08/15/2022$13,625
TCF AUTO RECEIVABLES OWNER TRUST 1.02% 08/15/2018$8,350
MERRILL LYNCH MORTGAGE TRUST 2006-C2 5.802% 08/12/2043$7,152
CREDIT SUISSE COMMERCIAL MORTGAGE TRUST SERIES 2007-C2 5.542% 01/15/2049$5,223
FIDELITY NATIONAL INFORMATION SERVICES INC 5% 10/15/2025$3,382
FEDERAL NATIONAL MORTGAGE ASSOCIATION 5.566% 04/25/2046$3,249
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$9,230,896
FEDERAL HOME ZERO 11/16$1,799,838
FEDERAL HOME ZERO 01/17$1,799,023
SUMITOMO FLT 09/17$1,302,785
NATIXIS SA/NEW FLT 09/17$1,003,182
FEDERAL HOME ZERO 12/16$999,722
SUMITOMO FLT 09/17$901,743
MITSUBISHI UFJ FLT 09/17$701,441
BARCLAYS BANK FLT 09/17$600,485
 
Other
Holding NameMarket Value
IRS USD FIXED 1.81 6/9/2020 MSCME$13,208,591
IRS NZD FLOAT 2.05 7/28/2018 MSCME$9,693,345
IRS NOK FLOAT 0.95 5/12/2018 MSCME$7,432,885
IRS NOK FLOAT 1.01 5/19/2018 MSCME$2,472,605
IRS USD FLOAT 1.49 10/4/2026 MSCME$1,160,504
IRS NZD FIXED 2.47 7/28/2026 MSCME$1,019,530
SWAP CASH COLLATERAL USD$877,000
IRS USD FIXED 1.43 8/12/2026 MSCME$572,593
IRS USD FLOAT 2.72 11/10/2045 MSCME$366,244
IRS USD FLOAT 2.69 8/6/2045 MSCME$128,458
USD CCP COLL IM MS$116,206
US ULTRA BOND CBT BOND DEC16 (WNZ6) COMDTY$74,315
CURRENCY CONTRACT$64,384
IRS USD FIXED 2.25 MS 12/21/2046 CME$56,184
PUT ON 10 YEAR US TREASURY NOTES PUT USD 128.5$55,500
CANADIAN DOLLAR$37,110
INF USD FIXED 1.58 01/15/2025 BOA$29,878
CURRENCY CONTRACT$23,182
CURRENCY CONTRACT$20,027
CURRENCY CONTRACT$18,369
CURRENCY CONTRACT$17,898
CURRENCY CONTRACT$17,171
IRO USD P 2.6 3/29/2019 MS$15,810
CURRENCY CONTRACT$15,634
EURO-BOBL FUTURE BOND DEC16 (OEZ6) COMDTY$14,614
IRS USD FLOAT 1.61 10/11/2026 MSCME$12,545
US 10YR ULTRA FUT BOND DEC16 (UXYZ6) COMDTY$10,172
IRO USD P 2.605 10/17/2018 MS$9,404
US LONG BOND(CBT) BOND DEC16 (USZ6) COMDTY$6,750
US 5YR NOTE (CBT) BOND DEC16 (FVZ6) COMDTY$4,063
CURRENCY CONTRACT$3,412
CURRENCY CONTRACT$3,340
IRO USD P 2.59 12/10/2018 MS$3,320
IRO USD P 2.6075 11/15/2018 MS$3,202
CURRENCY CONTRACT$2,449
CURRENCY CONTRACT$2,144
IRO USD C 1.35 11/07/16 GLM$1,479
NORWEGIAN KRONE$47
EURO$9
INF USD FLOAT 1.96 7/15/2021 CITI$0
INF USD FLOAT 1.71 4/15/2019 CITI$0
INF USD FLOAT 1.9 7/15/2022 CITI$0
NA.BBB USD 5/11/2063 CT FLOAT CDS$0
INF USD FLOAT 1.89 1/15/2022 CITI$0
INF USD FLOAT 1.75 4/15/2020 CITI$0
INF USD FIXED 1.58 01/15/2025 BOA$0
INF USD FLOAT 1.9 1/15/2020 CITI$0
INF USD FLOAT 1.95 7/15/2021 CITI$0
INF USD FLOAT 1.92 7/15/2022 CITI$0
INF USD FLOAT 1.39 7/15/2018 BARC$0
INF USD FLOAT 1.95 7/15/2020 CITI$0
INF USD FLOAT 1.96 1/15/2023 CITI$0
FIXED ADV MICRO 3/20/2019 5 CITI CDS$-496
CURRENCY CONTRACT$-706
FIXED SPRINT 06/20/2019 1.0 MSC CDS$-817
FIXED SPRINT 06/20/2019 5.0 MSC CDS$-933
IRS USD FIXED 1.61 10/11/2026 MSCME$-952
CURRENCY CONTRACT$-1,085
IRO USD P 2.25 11/15/2018 MS$-2,333
IRO USD P 2.25 12/10/2018 MS$-2,448
CURRENCY CONTRACT$-2,451
CURRENCY CONTRACT$-3,435
INF USD PAY 1.805 MYC 09/20/2026$-4,557
US 10YR NOTE (CBT )DEC16 BOND DEC16 (TYZ6)$-4,644
IRO USD P 1.25 01/09/2017 GLM$-4,784
US 2YR NOTE (CBT) BOND DEC16 (TUZ6) COMDTY$-5,156
CURRENCY CONTRACT$-6,178
IRO USD P 2.25 10/17/2018 MS$-6,509
IRO USD P 1.25 02/06/17 MYC$-6,940
FLOAT ADV MICRO 3/20/2019 5 CITI CDS$-7,184
FLOAT SPRINT 06/20/2019 1.0 MSC CDS$-7,431
INF USD FIXED 1.9 1/15/2020 CITI$-7,493
INF USD FIXED 1.71 4/15/2019 CITI$-7,842
IRO USD P 1.55 11/07/16 GLM$-7,847
FLOAT SPRINT 06/20/2019 5.0 MSC CDS$-8,492
IRO USD P 2.3 3/29/2019 MS$-12,709
INF USD FIXED 1.95 7/15/2020 CITI$-14,315
CURRENCY CONTRACT$-15,634
CURRENCY CONTRACT$-17,899
CURRENCY CONTRACT$-18,369
INF USD FIXED 1.75 4/15/2020 CITI$-19,270
INF USD FIXED 1.39 7/15/2018 BARC$-20,054
INF USD FIXED 1.96 1/15/2023 CITI$-22,911
NA.BBB USD 5/11/2063 CT FIXED CDS$-23,582
INF USD FIXED 1.9 7/15/2022 CITI$-23,750
INF USD FIXED 1.89 1/15/2022 CITI$-30,408
INF USD FIXED 1.96 7/15/2021 CITI$-34,023
INF USD FIXED 1.95 7/15/2021 CITI$-36,632
INF USD FIXED 1.92 7/15/2022 CITI$-41,868
USD$-50,878
EURO$-121,802
USD CCP COLL VM MS$-127,942
IRS USD FIXED 2.69 8/6/2045 MSCME$-150,953
USD$-158,537
INF SWP:USD 2.25 7/15/17 RBS$-223,879
INF USD 2.205 10/11/2018 GS$-228,469
IRS USD FIXED 2.72 11/10/2045 MSCME$-435,556
IRS USD FLOAT 1.43 8/12/2026 MSCME$-560,000
IRS NZD FLOAT 2.47 7/28/2026 MSCME$-1,044,046
IRS USD FIXED 1.49 10/4/2026 MSCME$-1,141,274
IRS NOK FIXED 1.01 5/19/2018 MSCME$-2,463,232
IRS NOK FIXED 0.95 5/12/2018 MSCME$-7,397,577
IRS NZD FIXED 2.05 7/28/2018 MSCME$-9,734,659
IRS USD FLOAT 1.81 6/9/2020 MSCME$-12,880,840
 

Statistics

Duration and Maturity As of Oct 31, 2016
StatisticValue
Average Effective Duration6.11 years
Average Effective Maturity9.11 years
Portfolio Statistics As of Oct 31, 2016
Statistic3-Year5-Year
Beta1.000.99
Alpha-0.62-0.49
Standard Deviation4.214.70
 
 

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.