Fund Facts  

Inception Date: Oct 11, 2013
CUSIP: 92210J747
Morningstar Category:Large Blend

Documents for Fund or Underlying Fund(s)  

Description

Objective  

Long-term capital growth and current income.

Principal Investment Strategies  

The Fund invests substantially all of its assets in a single underlying VT III Vantagepoint Fund. The underlying fund invests, under normal circumstances, primarily in U.S. common stocks that its subadvisers believe offer the potential for capital appreciation or that may provide current income by paying dividends, and also invests in S&P 500 Index futures contracts and U.S. and foreign fixed income securities. Strategies used by the underlying fund’s subadvisers include: (1) focusing on large-capitalization U.S. companies whose common stocks are believed to offer potential for price appreciation because of undervaluation, earnings growth, or both; (2) emphasizing U.S. stocks that may pay dividends; and (3) employing an enhanced equity strategy that utilizes S&P 500 Index futures contracts to gain equity exposure. The underlying fund’s fixed income securities are held, in part, as collateral in conjunction with its use of futures contracts. The underlying fund’s fixed income securities are diversified across fixed income sectors and are generally investment grade securities.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. The Fund’s principal investment risks include Stock Market Risk, Preferred Stock Risk, Mid-Cap Securities Risk, Foreign Securities Risk, Equity Income/Interest Rate Risk, Foreign Currency Risk, Convertible Securities Risk, Interest Rate Risk, Credit Risk, Call Risk, Mortgage-Backed Securities Risk, Asset-Backed Securities Risk, Municipal Securities 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 Mar 31, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
VT Vantagepoint Grwth & Income   6.52%6.52%17.94%8.99%12.44%7.38%N/A
S&P 500 Indexa,b6.07%6.07%17.17%10.37%13.30%7.51%N/A
Morningstar Large Blendb,c5.57%5.57%15.97%8.14%11.74%6.52%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.

Performance information for this class prior to its inception date is hypothetical. It is the performance of the Fund adjusted to reflect the estimated fees and expenses of this class.

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

Total Expenses
Total Expensesd0.59%

 

a. The S&P 500 Index consists of 500 companies representing larger capitalization stocks traded in the U.S.

b. 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.

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.

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

Morningstar Information

Morningstar RatingTM   As of Mar 31, 2017
Period Stars Category Size
Overall 4 Stars1248
3-Year 3 Stars1248
5-Year 3 Stars1113
10-Year 4 Stars822

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Mar 31, 2017
Equity Stylebox Fixed Income Stylebox
Large BlendMedium Limited
Allocation of Assets As of Feb 28, 2017
Type of Asset Percent
Equity99%
Fixed Income35%
Cash/Other-33%

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

 
 

Statistics

Portfolio Statistics As of Mar 31, 2017
Statistic3-Year5-Year
Beta1.011.02
Alpha-0.97-0.90
Standard Deviation10.7310.58
 
 

Underlying Fund Characteristics

Allocation of Assets As of Feb 28, 2017
Asset ClassPercent
Domestic Stock91.8%
Foreign Stock7.1%
Domestic Bond28.6%
Foreign Bond6.0%
Preferred0.0%
Convertible0.0%
Cash-33.5%
Other0.0%

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

 
Equity Sector As of Feb 28, 2017
SectorPercent
Financial Services21.2%
Technology18.2%
Consumer Cyclical14.1%
Healthcare13.9%
Industrials10.0%
Energy7.0%
Consumer Defensive6.4%
Utilities3.2%
Basic Materials2.1%
Communication Services2.0%
Real Estate0.9%

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

 
Top Ten Holdings As of May 31, 2017
Holding NamePercent
S&P 500 FUTURE EQUITY INDEX JUN17 (SPM7) INDEX34.7%
UNITED STATES TREASURY NOTE/BOND 1.125% 02/28/20192.5%
AMAZON.COM INC2.2%
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/20181.8%
FIDELITY INSTITUTIONAL MONEY MARKET1.7%
BLACKROCK TEMP FUND1.7%
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/20191.6%
JPMORGAN CHASE & CO1.6%
CITIGROUP INC1.5%
MICROSOFT CORP1.3%
All Holdings As of May 31, 2017
Equity
Holding NameMarket Value
AMAZON.COM INC$39,386,952
JPMORGAN CHASE & CO$28,322,363
CITIGROUP INC$26,956,767
MICROSOFT CORP$24,317,590
FACEBOOK INC$22,991,628
CHEVRON CORP$21,493,313
CISCO SYSTEMS INC$20,499,955
ALPHABET INC$20,410,648
PRICELINE GROUP INC/THE$20,197,488
WELLS FARGO & CO$20,175,702
INTEL CORP$17,791,794
ALLERGAN PLC$15,889,606
QUALCOMM INC$15,552,127
BRITISH AMERICAN TOBACCO PLC$15,095,365
PNC FINANCIAL SERVICES GROUP INC/THE$14,765,449
XL GROUP LTD$14,474,322
MERCK & CO INC$14,409,429
HILTON WORLDWIDE HOLDINGS INC$14,120,355
VISA INC$14,065,471
PHILIP MORRIS INTERNATIONAL INC$13,823,123
UNION PACIFIC CORP$13,562,157
VERTEX PHARMACEUTICALS INC$13,435,444
INTERCONTINENTAL EXCHANGE INC$12,705,507
COGNIZANT TECHNOLOGY SOLUTIONS CORP$12,260,388
M&T BANK CORP$12,203,565
PRINCIPAL FINANCIAL GROUP INC$11,891,689
MASTERCARD INC$11,735,040
HALLIBURTON CO$11,670,815
UNILEVER NV$11,639,900
ROCHE HOLDING AG$11,414,504
BRISTOL-MYERS SQUIBB CO$11,284,560
PULTEGROUP INC$11,116,665
SEMPRA ENERGY$11,070,860
ALPHABET INC$11,055,408
UNITED TECHNOLOGIES CORP$10,914,351
ING GROEP NV$10,893,829
ROYAL DUTCH SHELL PLC$10,846,599
NORWEGIAN CRUISE LINE HOLDINGS LTD$10,844,090
ALIBABA GROUP HOLDING LTD$10,732,149
ASTRAZENECA PLC$10,695,737
NOKIA OYJ$10,643,891
INVESCO LTD$10,538,316
FEDEX CORP$10,406,494
FORTUNE BRANDS HOME & SECURITY INC$10,307,574
UNITEDHEALTH GROUP INC$10,230,512
INGERSOLL-RAND PLC$10,187,699
DOW CHEMICAL CO/THE$10,124,884
MEDTRONIC PLC$10,093,541
MARSH & MCLENNAN COS INC$10,013,151
EOG RESOURCES INC$9,914,864
LIBERTY INTERACTIVE CORP QVC GROUP$9,854,326
INTERNATIONAL PAPER CO$9,759,744
EATON CORP PLC$9,739,898
VIACOM INC$9,289,835
PIONEER NATURAL RESOURCES CO$9,231,863
EDISON INTERNATIONAL$8,880,934
MORGAN STANLEY$8,719,486
DOMINION RESOURCES INC/VA$8,537,551
CHUBB LTD$8,223,115
CATERPILLAR INC$8,122,222
XCEL ENERGY INC$7,971,697
TENCENT HOLDINGS LTD$7,904,495
BANK OF AMERICA CORP$7,859,411
MARATHON OIL CORP$7,763,631
SALESFORCE.COM INC$7,762,824
AMERICAN TOWER CORP$7,648,377
MONDELEZ INTERNATIONAL INC$7,546,602
SYNCHRONY FINANCIAL$7,525,330
BLACKROCK INC$7,489,501
APPLE INC$7,332,480
AMGEN INC$7,139,022
PARK HOTELS & RESORTS INC$7,094,588
THOMSON REUTERS CORP$6,963,333
AGRIUM INC$6,914,963
BOEING CO/THE$6,754,680
DANAHER CORP$6,752,730
AMERICAN AIRLINES GROUP INC$6,576,450
INTUITIVE SURGICAL INC$6,402,760
L BRANDS INC$6,032,040
NIELSEN HOLDINGS PLC$5,737,368
STRYKER CORP$5,710,537
SERVICENOW INC$5,692,960
KRAFT HEINZ CO/THE$5,659,236
HOME DEPOT INC/THE$5,480,307
BECTON DICKINSON AND CO$5,018,380
NETFLIX INC$4,989,942
TD AMERITRADE HOLDING CORP$4,946,464
FISERV INC$4,748,112
SIGNET JEWELERS LTD$4,716,397
TESLA MOTORS INC$4,492,807
THERMO FISHER SCIENTIFIC INC$4,486,838
TRIUMPH GROUP INC$4,319,598
BROADCOM LTD$4,286,692
HUMANA INC$4,064,550
PAYPAL HOLDINGS INC$3,832,214
CELGENE CORP$3,809,853
ALASKA AIR GROUP INC$3,786,675
STATE STREET CORP$3,730,868
AETNA INC$3,545,738
FORTIVE CORP$3,372,300
ALEXION PHARMACEUTICALS INC$3,318,021
MARRIOTT INTERNATIONAL INC/MD$3,312,498
CIGNA CORP$3,047,247
WALGREENS BOOTS ALLIANCE INC$3,046,352
BIOGEN INC$2,973,240
RED HAT INC$2,918,280
ELECTRONIC ARTS INC$2,867,249
YUM! BRANDS INC$2,774,848
O'REILLY AUTOMOTIVE INC$2,746,156
STARBUCKS CORP$2,709,786
LOWE'S COS INC$2,693,934
ROSS STORES INC$2,531,232
INTUIT INC$2,517,456
CTRIP.COM INTERNATIONAL LTD$2,442,855
ROPER TECHNOLOGIES INC$2,317,440
UNITED CONTINENTAL HOLDINGS INC$2,286,529
ROYAL CARIBBEAN CRUISES LTD$2,241,612
SOUTHWESTERN ENERGY CO$2,193,538
FIDELITY NATIONAL INFORMATION SERVICES INC$2,155,337
CHARLES SCHWAB CORP/THE$2,104,125
SCHNEIDER NATIONAL INC$2,031,678
WORKDAY INC$1,999,600
HONEYWELL INTERNATIONAL INC$1,981,551
MGM RESORTS INTERNATIONAL$1,893,684
WILLIS TOWERS WATSON PLC$1,804,429
FIRST REPUBLIC BANK/CA$1,662,313
DELPHI AUTOMOTIVE PLC$1,618,648
NEXTERA ENERGY INC$1,584,128
EQUINIX INC$1,557,206
CITIZENS FINANCIAL GROUP INC$1,442,430
COMCAST CORP$1,396,615
EQUIFAX INC$1,313,280
AUTOZONE INC$1,272,432
MICROCHIP TECHNOLOGY INC$1,249,500
FERRARI NV$1,205,408
BALL CORP$1,155,916
IHS MARKIT LTD$1,065,921
CANADIAN PACIFIC RAILWAY LTD$1,028,495
GLOBAL PAYMENTS INC$897,778
ROCKWELL COLLINS INC$883,305
NORTHROP GRUMMAN CORP$881,348
ZOETIS INC$878,148
SHERWIN-WILLIAMS CO/THE$862,602
SHIRE PLC$840,110
COACH INC$822,538
S&P GLOBAL INC$785,455
CONSTELLATION BRANDS INC$767,550
KLA-TENCOR CORP$738,400
PROGRESSIVE CORP/THE$708,581
ANALOG DEVICES INC$643,200
CME GROUP INC$633,366
DOLLAR GENERAL CORP$616,476
FLEETCOR TECHNOLOGIES INC$490,586
STANLEY BLACK & DECKER INC$426,684
BANK OF NEW YORK MELLON CORP/THE$414,656
SNAP INC$386,022
HARRIS CORP$370,128
MCDONALD'S CORP$362,136
MERCADOLIBRE INC$357,643
SBA COMMUNICATIONS CORP$331,632
CSX CORP$314,186
GENERAL DYNAMICS CORP$304,875
DOMINO'S PIZZA INC$206,639
WABTEC CORP/DE$188,025
ILLUMINA INC$184,632
CHARTER COMMUNICATIONS INC$173,812
AGILENT TECHNOLOGIES INC$162,918
REGENERON PHARMACEUTICALS INC$137,718
MONSTER BEVERAGE CORP$131,456
EI DU PONT DE NEMOURS & CO$118,380
COSTCO WHOLESALE CORP$108,258
PPG INDUSTRIES INC$98,170
DENTSPLY SIRONA INC$95,280
JOHNSON CONTROLS INTERNATIONAL PLC$88,531
WALT DISNEY CO/THE$75,558
HENRY SCHEIN INC$72,852
AMERIPRISE FINANCIAL INC$72,474
RAYTHEON CO$65,604
GOLDMAN SACHS GROUP INC/THE$63,378
TEXTRON INC$43,020
ACTIVISION BLIZZARD INC$41,006
DELTA AIR LINES INC$39,304
MOLSON COORS BREWING CO$37,916
VANTIV INC$37,632
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 1.125% 02/28/2019$44,705,517
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/2018$32,585,390
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$28,886,641
UNITED STATES TREASURY NOTE/BOND 1.25% 04/30/2019$23,338,605
UNITED STATES TREASURY NOTE/BOND 1.125% 01/31/2019$16,039,547
UNITED STATES TREASURY NOTE/BOND 1.375% 01/15/2020$15,001,094
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$7,685,294
UNITED STATES TREASURY NOTE/BOND 1% 11/30/2018$7,534,048
BPCE SA 2.082% 05/31/2022$6,503,458
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.974% 10/25/2029$6,184,646
EVERGREEN CREDIT CARD TRUST SERIES 2016-1 1.424% 04/15/2020$6,027,538
NISSAN MASTER OWNER TRUST RECEIVABLES 1.54% 06/15/2021$5,975,401
WESTPAC BANKING CORP 2.25% 01/17/2019$5,280,986
BMW VEHICLE LEASE TRUST 1.98% 05/20/2020$4,956,295
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.606% 04/25/2028$4,861,351
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$4,762,393
AMERICAN EXPRESS CREDIT CORP 2.125% 03/18/2019$4,730,785
ABN AMRO BANK NV 2.1% 01/18/2019$4,668,579
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$4,658,493
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.127% 09/25/2029$4,388,995
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.042% 01/25/2029$4,334,283
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.186% 10/25/2029$4,283,322
VERIZON COMMUNICATIONS INC 2.137% 03/16/2022$4,041,248
VERIZON COMMUNICATIONS INC 1.722% 05/22/2020$3,943,038
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$3,848,285
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2.25% 01/10/2020$3,807,808
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.5% 02/28/2020$3,724,784
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$3,625,790
KINDER MORGAN FINANCE CO LLC 6% 01/15/2018$3,588,298
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$3,474,140
HYUNDAI CAPITAL AMERICA 2.55% 02/06/2019$3,392,115
SABINE PASS LIQUEFACTION LLC 5.625% 02/01/2021$3,362,017
ROYAL BANK OF SCOTLAND GROUP PLC 2.652% 05/15/2023$3,357,459
MORGAN STANLEY 2.21% 01/20/2022$3,353,648
BANK OF MONTREAL 2.1% 12/12/2019$3,344,156
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$3,335,963
INTERNATIONAL LEASE FINANCE CORP 6.25% 05/15/2019$3,334,562
BECTON DICKINSON AND CO 0% 06/06/2022$3,318,639
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2% 01/14/2019$3,261,609
JPMORGAN CHASE & CO 6.3% 04/23/2019$3,237,600
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.7% 03/05/2018$3,236,517
NISSAN MOTOR ACCEPTANCE CORP 1.961% 03/08/2019$3,229,510
UBS GROUP FUNDING SWITZERLAND AG 2.376% 05/23/2023$3,205,734
WESTPAC BANKING CORP 2.15% 03/06/2020$3,198,890
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$3,171,310
CAPITAL ONE FINANCIAL CORP 2.056% 03/09/2022$3,130,613
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$3,122,940
BOSTON PROPERTIES LP 3.7% 11/15/2018$3,095,862
CELGENE CORP 2.875% 08/15/2020$3,071,055
ING BANK NV 1.686% 08/17/2018$3,064,747
BANK OF AMERICA CORP 2.153% 04/24/2023$3,062,469
DAIMLER FINANCE NORTH AMERICA LLC 2.3% 01/06/2020$3,036,782
FORD MOTOR CREDIT CO LLC 2.597% 11/04/2019$3,020,529
MYLAN NV 2.5% 06/07/2019$3,019,803
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 3.21% 01/17/2023$3,010,801
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 2.92% 10/17/2022$3,007,383
WELLS FARGO BANK NA 1.8% 11/28/2018$3,006,891
PHILIP MORRIS INTERNATIONAL INC 1.625% 02/21/2019$2,989,645
BANK OF AMERICA CORP 2.65% 04/01/2019$2,984,385
ABN AMRO BANK NV 1.8% 09/20/2019$2,982,672
FORD CREDIT AUTO OWNER TRUST 2016-C 1.22% 03/15/2021$2,982,627
CAPITAL ONE NA/MCLEAN VA 1.85% 09/13/2019$2,981,277
TOYOTA MOTOR CREDIT CORP 1.7% 01/09/2019$2,966,186
SINOPEC GROUP OVERSEAS DEVELOPMENT 2017 LTD 2.375% 04/12/2020$2,956,705
CITIGROUP INC 2.45% 01/10/2020$2,942,957
PRINCIPAL LIFE GLOBAL FUNDING II 2.15% 01/10/2020$2,931,820
ARES CAPITAL CORP 4.875% 11/30/2018$2,890,547
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$2,816,880
MACQUARIE BANK LTD 2.35% 01/15/2019$2,815,182
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$2,762,251
BB&T CORP 2.05% 06/19/2018$2,734,837
GENERAL MOTORS FINANCIAL CO INC 3.5% 07/10/2019$2,734,478
TIME WARNER CABLE INC 6.75% 07/01/2018$2,733,676
CITIBANK NA 2% 03/20/2019$2,726,509
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.895% 11/25/2029$2,718,765
DOW CHEMICAL CO/THE 8.55% 05/15/2019$2,708,484
SUMITOMO MITSUI BANKING CORP 1.966% 01/11/2019$2,687,972
TOYOTA MOTOR CREDIT CORP 2.1% 01/17/2019$2,681,368
BECTON DICKINSON AND CO 2.133% 06/06/2019$2,665,774
JPMORGAN CHASE & CO 1% 06/01/2021$2,664,230
METROPOLITAN LIFE GLOBAL FUNDING I 1.75% 12/19/2018$2,599,763
VALERO ENERGY CORP 9.375% 03/15/2019$2,591,353
MORGAN STANLEY 5.5% 01/26/2020$2,559,442
REPUBLIC SERVICES INC 3.8% 05/15/2018$2,523,822
MIZUHO FINANCIAL GROUP INC 1.994% 02/28/2022$2,518,144
JP MORGAN MORTGAGE TRUST 2017-1 3.5% 01/25/2047$2,493,940
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,490,420
CITIGROUP INC 2.4% 02/18/2020$2,482,478
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.184% 12/25/2027$2,434,677
ANZ NEW ZEALAND INT'L LTD/LONDON 2.6% 09/23/2019$2,422,754
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$2,406,245
GOLDMAN SACHS GROUP INC/THE 2.3% 12/13/2019$2,319,686
WELLS FARGO & CO 1.964% 02/11/2022$2,312,453
AMERICAN EXPRESS CREDIT CORP 2.2% 03/03/2020$2,312,247
JPMORGAN CHASE BANK NA 1.588% 09/23/2019$2,265,761
AMGEN INC 1.9% 05/10/2019$2,218,872
BPCE SA 2.25% 01/27/2020$2,208,257
AIR LIQUIDE FINANCE SA 1.375% 09/27/2019$2,173,998
ASCIANO FINANCE LTD 5% 04/07/2018$2,163,967
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$2,157,017
TESORO CORP 4.75% 12/15/2023$2,146,725
PHILIP MORRIS INTERNATIONAL INC 1.875% 01/15/2019$2,143,499
ROYAL BANK OF CANADA 2.15% 03/15/2019$2,112,222
DTE ENERGY CO 1.5% 10/01/2019$2,103,677
CREDIT AGRICOLE SA/LONDON 3.375% 01/10/2022$2,080,586
CONOCOPHILLIPS 6% 01/15/2020$2,076,631
ANHEUSER-BUSCH INBEV WORLDWIDE INC 5.375% 01/15/2020$2,036,701
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$2,031,860
FIFTH THIRD BANK/CINCINNATI OH 2.375% 04/25/2019$2,017,242
SYNCHRONY FINANCIAL 2.6% 01/15/2019$2,013,960
CATERPILLAR FINANCIAL SERVICES CORP 1.9% 03/22/2019$2,007,925
DANSKE BANK A/S 1.526% 09/06/2019$2,007,716
INVITATION HOMES 2014-SFR2 TRUST 2.372% 09/17/2031$2,001,753
21ST CENTURY FOX AMERICA INC 7.25% 05/18/2018$1,946,468
PNC BANK NA 1.7% 12/07/2018$1,941,323
SUMITOMO MITSUI TRUST BANK LTD 2.05% 03/06/2019$1,902,343
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$1,894,065
SUNCORP-METWAY LTD 2.1% 05/03/2019$1,862,781
FORD MOTOR CREDIT CO LLC 2.681% 01/09/2020$1,833,838
JC PENNEY CORP INC 5.65% 06/01/2020$1,793,250
ERAC USA FINANCE LLC 6.375% 10/15/2017$1,749,030
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2017-2 1.98% 12/20/2021$1,745,735
ATHENE GLOBAL FUNDING 2.75% 04/20/2020$1,739,114
HESS CORP 8.125% 02/15/2019$1,730,495
HYUNDAI CAPITAL SERVICES INC 3% 03/06/2022$1,728,635
LENNAR CORP 4.125% 01/15/2022$1,666,575
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$1,665,002
DAIMLER FINANCE NORTH AMERICA LLC 1.65% 03/02/2018$1,650,472
CITIGROUP INC 1.7% 04/27/2018$1,649,718
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2017-1 2.7% 10/17/2022$1,618,532
SANTANDER HOLDINGS USA INC 3.7% 03/28/2022$1,607,217
TEVA PHARMACEUTICAL FINANCE IV LLC 2.25% 03/18/2020$1,593,573
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,589,480
PHILIP MORRIS INTERNATIONAL INC 2% 02/21/2020$1,586,314
BANK OF AMERICA CORP 6.875% 11/15/2018$1,579,964
COMMONWEALTH BANK OF AUSTRALIA 5% 03/19/2020$1,559,782
MOLSON COORS BREWING CO 1.9% 03/15/2019$1,546,034
ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 4.25% 09/15/2022$1,531,875
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 4.5% 10/01/2020$1,530,000
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,517,573
21ST CENTURY FOX AMERICA INC 6.9% 03/01/2019$1,509,768
HYUNDAI CAPITAL AMERICA 2.55% 04/03/2020$1,504,271
FONDO MIVIVIENDA SA 3.5% 01/31/2023$1,500,720
AUTOZONE INC 1.625% 04/21/2019$1,481,078
NAVIENT CORP 5.5% 01/15/2019$1,456,000
SHERWIN-WILLIAMS CO/THE 2.25% 05/15/2020$1,446,841
MGM RESORTS INTERNATIONAL 5.25% 03/31/2020$1,440,234
NBCUNIVERSAL ENTERPRISE INC 1.974% 04/15/2019$1,437,223
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP 4.125% 11/15/2019$1,428,000
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$1,421,367
PULTEGROUP INC 4.25% 03/01/2021$1,416,480
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 1.658% 09/23/2019$1,411,371
GENERAL MOTORS FINANCIAL CO INC 2.65% 04/13/2020$1,407,962
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$1,398,625
ING GROEP NV 2.302% 03/29/2022$1,369,829
ROYAL BANK OF CANADA 2.125% 03/02/2020$1,365,156
FORD MOTOR CREDIT CO LLC 2.738% 03/28/2022$1,359,231
PERUSAHAAN PENERBIT SBSN INDONESIA III 3.4% 03/29/2022$1,351,055
DAIWA SECURITIES GROUP INC 3.129% 04/19/2022$1,341,221
BANK OF AMERICA CORP 6.5% 07/15/2018$1,298,331
SLM CORP 5.125% 04/05/2022$1,294,650
ORANGE SA 2.75% 02/06/2019$1,265,613
BPCE SA 2.392% 05/22/2022$1,254,754
ALLY AUTO RECEIVABLES TRUST 2016-1 1.73% 11/16/2020$1,251,754
DAIMLER FINANCE NORTH AMERICA LLC 1.5% 07/05/2019$1,239,053
SENEGAL GOVERNMENT INTERNATIONAL BOND 8.75% 05/13/2021$1,235,009
PHILLIPS 66 1.906% 04/15/2020$1,227,032
CHEVRON CORP 1.686% 02/28/2019$1,216,833
JOHN DEERE CAPITAL CORP 1.6% 07/13/2018$1,161,971
FORD MOTOR CREDIT CO LLC 2.375% 03/12/2019$1,160,808
ABBOTT LABORATORIES 2.35% 11/22/2019$1,157,834
SEAGATE HDD CAYMAN 4.25% 03/01/2022$1,129,720
HUNTINGTON NATIONAL BANK/THE 2.375% 03/10/2020$1,094,219
DELTA AIR LINES INC 2.875% 03/13/2020$1,055,419
CENTURYLINK INC 6.45% 06/15/2021$1,015,644
QUALCOMM INC 1.85% 05/20/2019$1,012,402
KINDER MORGAN ENERGY PARTNERS LP 2.65% 02/01/2019$1,010,846
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$998,089
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$991,133
ENSTAR GROUP LTD 4.5% 03/10/2022$900,105
CITIZENS BANK NA/PROVIDENCE RI 2.25% 03/02/2020$887,421
ANHEUSER-BUSCH INBEV WORLDWIDE INC 2.2% 08/01/2018$857,160
ASTON MARTIN CAPITAL HOLDINGS LTD 6.5% 04/15/2022$850,500
MARTIN MARIETTA MATERIALS INC 1.822% 05/22/2020$848,315
AMERICAN EXPRESS CREDIT CORP 1.875% 05/03/2019$835,912
FORD MOTOR CREDIT CO LLC 2.262% 03/28/2019$817,338
MOODY'S CORP 2.75% 12/15/2021$808,603
NATIONAL AUSTRALIA BANK LTD 2.25% 07/01/2019$805,349
EI DU PONT DE NEMOURS & CO 2.2% 05/01/2020$778,446
CITIZENS BANK NA/PROVIDENCE RI 2.2% 05/26/2020$775,804
SMITHFIELD FOODS INC 2.7% 01/31/2020$761,341
DOMINION ENERGY INC 2.579% 07/01/2020$716,051
WM WRIGLEY JR CO 2.4% 10/21/2018$705,935
LENNAR CORP 4.5% 04/30/2024$689,350
ONEOK INC 4.25% 02/01/2022$684,750
TTX CO 2.25% 02/01/2019$676,681
ROGERS COMMUNICATIONS INC 6.8% 08/15/2018$657,191
UNITED STATES TREASURY NOTE/BOND 1.625% 03/15/2020$636,919
CONOCOPHILLIPS 5.75% 02/01/2019$622,445
STARWOOD PROPERTY TRUST INC 5% 12/15/2021$616,550
RYDER SYSTEM INC 2.45% 11/15/2018$615,221
ANADARKO PETROLEUM CORP 8.7% 03/15/2019$612,508
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$601,492
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$600,325
ING BANK NV 2.05% 08/17/2018$596,474
RYDER SYSTEM INC 2.35% 02/26/2019$553,297
CATERPILLAR FINANCIAL SERVICES CORP 7.15% 02/15/2019$544,837
NAVIENT CORP 6.5% 06/15/2022$520,940
NISSAN MOTOR ACCEPTANCE CORP 1.477% 09/13/2019$501,545
DAIMLER FINANCE NORTH AMERICA LLC 2.2% 05/05/2020$495,809
GREAT PLAINS ENERGY INC 2.5% 03/09/2020$469,996
SYMANTEC CORP 5% 04/15/2025$468,000
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5% 04/15/2018$467,906
TECH DATA CORP 3.7% 02/15/2022$441,475
DXC TECHNOLOGY CO 2.875% 03/27/2020$441,452
B&G FOODS INC 4.625% 06/01/2021$328,000
PETRO-CANADA 6.05% 05/15/2018$291,267
NEWELL BRANDS INC 2.6% 03/29/2019$264,295
GOLDMAN SACHS GROUP INC/THE 1.65% 12/15/2017$250,712
EXELON GENERATION CO LLC 2.95% 01/15/2020$234,437
FOREST LABORATORIES LLC 4.375% 02/01/2019$63,116
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$30,619,304
BLACKROCK TEMP FUND$30,619,304
 
Other
Holding NameMarket Value
S&P 500 FUTURE EQUITY INDEX JUN17 (SPM7) INDEX$10,370,610
EURO-BOBL FUTURE BOND JUN17 (OEM7) COMDTY$72,521
CURRENCY CONTRACT$5,568
BRITISH POUND$21
US 5YR NOTE (CBT) BOND SEP17 (FVU7) COMDTY$-23,043
CURRENCY CONTRACT$-95,057
EURO$-166,570
CURRENCY CONTRACT$-179,933
USD$-9,063,435
USD$-10,984,737
All Holdings As of Apr 30, 2017
Equity
Holding NameMarket Value
AMAZON.COM INC$37,184,598
JPMORGAN CHASE & CO$29,916,168
CITIGROUP INC$26,324,481
MICROSOFT CORP$23,837,087
FACEBOOK INC$23,213,625
CHEVRON CORP$22,162,124
CISCO SYSTEMS INC$22,151,394
WELLS FARGO & CO$21,240,903
PRICELINE GROUP INC/THE$20,204,211
ALPHABET INC$19,345,870
ALLERGAN PLC$18,122,456
INTEL CORP$17,811,503
PNC FINANCIAL SERVICES GROUP INC/THE$14,896,062
QUALCOMM INC$14,593,527
BRITISH AMERICAN TOBACCO PLC$14,241,384
XL GROUP LTD$13,864,738
UNION PACIFIC CORP$13,766,266
MERCK & CO INC$13,657,064
VISA INC$13,573,536
APPLE INC$13,273,260
INTERCONTINENTAL EXCHANGE INC$12,870,158
HILTON WORLDWIDE HOLDINGS INC$12,692,231
PHILIP MORRIS INTERNATIONAL INC$12,323,745
PRINCIPAL FINANCIAL GROUP INC$12,311,329
VERTEX PHARMACEUTICALS INC$12,226,778
M&T BANK CORP$12,120,892
NORWEGIAN CRUISE LINE HOLDINGS LTD$11,849,068
HALLIBURTON CO$11,849,015
BRISTOL-MYERS SQUIBB CO$11,813,490
VIACOM INC$11,364,627
MASTERCARD INC$11,248,144
PULTEGROUP INC$11,116,665
COGNIZANT TECHNOLOGY SOLUTIONS CORP$11,036,365
INVESCO LTD$10,950,541
ROCHE HOLDING AG$10,856,063
ALPHABET INC$10,816,884
SEMPRA ENERGY$10,741,082
UNILEVER NV$10,709,200
UNITED TECHNOLOGIES CORP$10,708,267
ING GROEP NV$10,506,607
FEDEX CORP$10,449,814
ROYAL DUTCH SHELL PLC$10,425,226
FORTUNE BRANDS HOME & SECURITY INC$10,412,120
UNITEDHEALTH GROUP INC$10,405,360
DOW CHEMICAL CO/THE$10,262,148
EOG RESOURCES INC$10,155,298
ALIBABA GROUP HOLDING LTD$10,122,189
INGERSOLL-RAND PLC$10,091,053
INTERNATIONAL PAPER CO$9,960,919
MEDTRONIC PLC$9,951,025
NOKIA OYJ$9,650,237
PIONEER NATURAL RESOURCES CO$9,571,018
MARSH & MCLENNAN COS INC$9,570,331
EATON CORP PLC$9,520,882
ASTRAZENECA PLC$9,408,143
LIBERTY INTERACTIVE CORP QVC GROUP$8,896,617
MORGAN STANLEY$8,869,165
MARATHON OIL CORP$8,866,758
EDISON INTERNATIONAL$8,706,734
BANK OF AMERICA CORP$8,185,571
DOMINION RESOURCES INC/VA$8,184,506
DANAHER CORP$7,934,099
CHUBB LTD$7,881,993
CATERPILLAR INC$7,878,008
SYNCHRONY FINANCIAL$7,791,589
TENCENT HOLDINGS LTD$7,573,268
AMGEN INC$7,510,597
XCEL ENERGY INC$7,495,824
SALESFORCE.COM INC$7,457,992
AMERICAN TOWER CORP$7,455,648
MONDELEZ INTERNATIONAL INC$7,293,914
THOMSON REUTERS CORP$7,245,631
PARK HOTELS & RESORTS INC$7,075,294
BLACKROCK INC$7,038,016
AGRIUM INC$7,034,793
BOEING CO/THE$6,542,982
SIGNET JEWELERS LTD$6,455,875
TRIUMPH GROUP INC$6,453,139
NIELSEN HOLDINGS PLC$6,132,483
AMERICAN AIRLINES GROUP INC$6,043,516
INTUITIVE SURGICAL INC$5,851,090
HOME DEPOT INC/THE$5,572,770
KRAFT HEINZ CO/THE$5,548,138
CELGENE CORP$5,296,935
STRYKER CORP$5,222,971
TD AMERITRADE HOLDING CORP$4,933,003
NETFLIX INC$4,885,620
SERVICENOW INC$4,790,136
FISERV INC$4,598,804
THERMO FISHER SCIENTIFIC INC$4,425,388
L BRANDS INC$4,420,197
TESLA MOTORS INC$4,263,500
ALEXION PHARMACEUTICALS INC$4,069,410
WALGREENS BOOTS ALLIANCE INC$4,067,380
BROADCOM LTD$3,952,499
HUMANA INC$3,884,650
STATE STREET CORP$3,842,620
LOWE'S COS INC$3,743,208
ALASKA AIR GROUP INC$3,701,415
AETNA INC$3,697,811
BIOGEN INC$3,579,972
FORTIVE CORP$3,491,952
PAYPAL HOLDINGS INC$3,039,764
O'REILLY AUTOMOTIVE INC$2,963,904
BECTON DICKINSON AND CO$2,919,910
MARRIOTT INTERNATIONAL INC/MD$2,905,398
RED HAT INC$2,869,734
SOUTHWESTERN ENERGY CO$2,718,395
ROSS STORES INC$2,574,000
CTRIP.COM INTERNATIONAL LTD$2,343,664
CIGNA CORP$2,251,728
YUM! BRANDS INC$2,189,475
ROYAL CARIBBEAN CRUISES LTD$2,168,777
MGM RESORTS INTERNATIONAL$2,168,126
FIDELITY NATIONAL INFORMATION SERVICES INC$2,113,169
UNITED CONTINENTAL HOLDINGS INC$2,015,027
CHARTER COMMUNICATIONS INC$2,002,963
ELECTRONIC ARTS INC$2,000,702
ROPER TECHNOLOGIES INC$1,990,170
INTUIT INC$1,978,318
SCHNEIDER NATIONAL INC$1,941,654
CHARLES SCHWAB CORP/THE$1,845,375
WORKDAY INC$1,748,000
CITIZENS FINANCIAL GROUP INC$1,644,608
NEXTERA ENERGY INC$1,495,872
DELPHI AUTOMOTIVE PLC$1,479,360
EQUINIX INC$1,474,899
HONEYWELL INTERNATIONAL INC$1,468,768
FIRST REPUBLIC BANK/CA$1,466,323
STARBUCKS CORP$1,459,458
AUTOZONE INC$1,453,599
COMCAST CORP$1,379,488
EQUIFAX INC$1,136,604
WILLIS TOWERS WATSON PLC$1,128,066
FERRARI NV$1,045,280
BANK OF NEW YORK MELLON CORP/THE$945,906
CANADIAN PACIFIC RAILWAY LTD$919,500
NORTHROP GRUMMAN CORP$910,052
MICROCHIP TECHNOLOGY INC$906,960
CME GROUP INC$894,663
ZOETIS INC$886,538
SHIRE PLC$860,733
IHS MARKIT LTD$848,383
COSTCO WHOLESALE CORP$834,344
BALL CORP$771,284
S&P GLOBAL INC$738,045
SHERWIN-WILLIAMS CO/THE$736,296
ROCKWELL COLLINS INC$718,221
COACH INC$701,142
CONSTELLATION BRANDS INC$690,160
KLA-TENCOR CORP$618,786
TEXTRON INC$606,580
FLEETCOR TECHNOLOGIES INC$592,788
ILLUMINA INC$591,552
GLOBAL PAYMENTS INC$588,672
ANALOG DEVICES INC$579,120
DOLLAR GENERAL CORP$516,241
LAS VEGAS SANDS CORP$495,516
WABTEC CORP/DE$461,395
HARRIS CORP$458,749
PROGRESSIVE CORP/THE$425,004
SNAP INC$410,410
ECOLAB INC$361,452
WALT DISNEY CO/THE$335,240
SBA COMMUNICATIONS CORP$303,576
GENERAL DYNAMICS CORP$290,685
STANLEY BLACK & DECKER INC$272,300
GOLDMAN SACHS GROUP INC/THE$246,180
JOHNSON CONTROLS INTERNATIONAL PLC$216,995
EI DU PONT DE NEMOURS & CO$207,350
AMERIPRISE FINANCIAL INC$204,560
MONSTER BEVERAGE CORP$204,210
MERCADOLIBRE INC$183,128
DOMINO'S PIZZA INC$177,037
MCDONALD'S CORP$167,916
CR BARD INC$153,740
REGENERON PHARMACEUTICALS INC$116,547
JB HUNT TRANSPORT SERVICES INC$98,626
DENTSPLY SIRONA INC$94,860
AGILENT TECHNOLOGIES INC$71,565
HENRY SCHEIN INC$68,825
RAYTHEON CO$62,084
BAIDU INC$47,400
PPG INDUSTRIES INC$43,936
CSX CORP$40,672
MOLSON COORS BREWING CO$38,356
VANTIV INC$37,224
ACTIVISION BLIZZARD INC$36,575
DELTA AIR LINES INC$36,352
ELI LILLY & CO$24,618
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 1.125% 02/28/2019$44,712,506
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/2018$40,523,498
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$28,871,292
UNITED STATES TREASURY NOTE/BOND 1.25% 04/30/2019$23,342,715
UNITED STATES TREASURY NOTE/BOND 1.125% 01/31/2019$16,039,869
UNITED STATES TREASURY NOTE/BOND 1.375% 01/15/2020$14,987,627
UNITED STATES TREASURY NOTE/BOND 1% 11/30/2018$8,530,079
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$7,682,833
EVERGREEN CREDIT CARD TRUST SERIES 2016-1 1.424% 04/15/2020$6,030,376
WORLD FINANCIAL NETWORK CREDIT CARD MASTER TRUST 1.184% 02/15/2022$6,018,100
NISSAN MASTER OWNER TRUST RECEIVABLES 1.54% 06/15/2021$5,969,097
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-3 1.34% 11/15/2019$5,488,031
WESTPAC BANKING CORP 2.25% 01/17/2019$5,283,674
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.606% 04/25/2028$4,982,850
BMW VEHICLE LEASE TRUST 1.98% 05/20/2020$4,942,182
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$4,756,085
AMERICAN EXPRESS CREDIT CORP 2.125% 03/18/2019$4,727,152
ABN AMRO BANK NV 2.1% 01/18/2019$4,663,891
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$4,661,300
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.127% 09/25/2029$4,414,218
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.042% 01/25/2029$4,342,688
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.186% 10/25/2029$4,288,446
VERIZON COMMUNICATIONS INC 2.137% 03/16/2022$4,036,332
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$3,856,744
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2.25% 01/10/2020$3,801,711
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.5% 02/28/2020$3,717,273
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$3,623,692
KINDER MORGAN FINANCE CO LLC 6% 01/15/2018$3,600,408
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$3,469,479
HYUNDAI CAPITAL AMERICA 2.55% 02/06/2019$3,393,807
CARMAX AUTO OWNER TRUST 2016-3 1.17% 08/15/2019$3,357,585
MORGAN STANLEY 2.21% 01/20/2022$3,352,529
BANK OF MONTREAL 2.1% 12/12/2019$3,347,489
INTERNATIONAL LEASE FINANCE CORP 6.25% 05/15/2019$3,342,966
SABINE PASS LIQUEFACTION LLC 5.625% 02/01/2021$3,342,093
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$3,334,786
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2% 01/14/2019$3,256,594
JPMORGAN CHASE & CO 6.3% 04/23/2019$3,248,292
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.7% 03/05/2018$3,236,598
NISSAN MOTOR ACCEPTANCE CORP 1.961% 03/08/2019$3,230,848
WESTPAC BANKING CORP 2.15% 03/06/2020$3,198,839
UBS GROUP FUNDING SWITZERLAND AG 2.376% 05/23/2023$3,185,177
ROYAL BANK OF CANADA 2.125% 03/02/2020$3,170,324
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$3,157,835
CAPITAL ONE FINANCIAL CORP 2.056% 03/09/2022$3,132,811
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$3,120,657
BOSTON PROPERTIES LP 3.7% 11/15/2018$3,097,894
ING BANK NV 1.686% 08/17/2018$3,065,848
CELGENE CORP 2.875% 08/15/2020$3,061,809
BANK OF AMERICA CORP 2.153% 04/24/2023$3,061,651
DAIMLER FINANCE NORTH AMERICA LLC 2.3% 01/06/2020$3,029,211
FORD MOTOR CREDIT CO LLC 2.597% 11/04/2019$3,019,476
MYLAN NV 2.5% 06/07/2019$3,015,975
ACTAVIS FUNDING SCS 2.35% 03/12/2018$3,013,329
WELLS FARGO BANK NA 1.8% 11/28/2018$3,002,709
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 3.21% 01/17/2023$2,999,172
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 2.92% 10/17/2022$2,996,322
PHILIP MORRIS INTERNATIONAL INC 1.625% 02/21/2019$2,985,928
BANK OF AMERICA CORP 2.65% 04/01/2019$2,985,902
FORD CREDIT AUTO OWNER TRUST 2016-C 1.22% 03/15/2021$2,978,822
ABN AMRO BANK NV 1.8% 09/20/2019$2,976,840
CAPITAL ONE NA/MCLEAN VA 1.85% 09/13/2019$2,974,368
TOYOTA MOTOR CREDIT CORP 1.7% 01/09/2019$2,964,686
SINOPEC GROUP OVERSEAS DEVELOPMENT 2017 LTD 2.375% 04/12/2020$2,948,307
CITIGROUP INC 2.45% 01/10/2020$2,939,619
PRINCIPAL LIFE GLOBAL FUNDING II 2.15% 01/10/2020$2,924,307
ARES CAPITAL CORP 4.875% 11/30/2018$2,892,071
HSBC USA INC 1.7% 03/05/2018$2,826,266
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$2,814,103
MACQUARIE BANK LTD 2.35% 01/15/2019$2,813,062
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$2,755,064
TIME WARNER CABLE INC 6.75% 07/01/2018$2,742,280
BB&T CORP 2.05% 06/19/2018$2,737,219
GENERAL MOTORS FINANCIAL CO INC 3.5% 07/10/2019$2,737,116
CITIBANK NA 2% 03/20/2019$2,725,455
DOW CHEMICAL CO/THE 8.55% 05/15/2019$2,708,666
SUMITOMO MITSUI BANKING CORP 1.46% 01/16/2018$2,706,764
SUMITOMO MITSUI BANKING CORP 1.966% 01/11/2019$2,685,822
TOYOTA MOTOR CREDIT CORP 2.1% 01/17/2019$2,681,493
VALERO ENERGY CORP 9.375% 03/15/2019$2,604,840
METROPOLITAN LIFE GLOBAL FUNDING I 1.75% 12/19/2018$2,598,248
MORGAN STANLEY 5.5% 01/26/2020$2,563,691
REPUBLIC SERVICES INC 3.8% 05/15/2018$2,525,577
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.184% 12/25/2027$2,516,155
MIZUHO FINANCIAL GROUP INC 1.994% 02/28/2022$2,516,145
JP MORGAN MORTGAGE TRUST 2017-1 3.5% 01/25/2047$2,515,749
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,487,313
CITIGROUP INC 2.4% 02/18/2020$2,484,479
ANZ NEW ZEALAND INT'L LTD/LONDON 2.6% 09/23/2019$2,424,581
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$2,406,880
GOLDMAN SACHS GROUP INC/THE 2.3% 12/13/2019$2,316,251
WELLS FARGO & CO 1.964% 02/11/2022$2,309,335
AMERICAN EXPRESS CREDIT CORP 2.2% 03/03/2020$2,308,082
JPMORGAN CHASE BANK NA 1.588% 09/23/2019$2,264,535
BPCE SA 2.25% 01/27/2020$2,201,053
ASCIANO FINANCE LTD 5% 04/07/2018$2,168,785
AIR LIQUIDE FINANCE SA 1.375% 09/27/2019$2,167,726
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$2,157,666
PHILIP MORRIS INTERNATIONAL INC 1.875% 01/15/2019$2,144,227
TESORO CORP 4.75% 12/15/2023$2,136,575
ROYAL BANK OF CANADA 2.15% 03/15/2019$2,112,753
DTE ENERGY CO 1.5% 10/01/2019$2,098,849
CONOCOPHILLIPS 6% 01/15/2020$2,078,081
CREDIT AGRICOLE SA/LONDON 3.375% 01/10/2022$2,058,238
ANHEUSER-BUSCH INBEV WORLDWIDE INC 5.375% 01/15/2020$2,034,129
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$2,022,500
FIFTH THIRD BANK/CINCINNATI OH 2.375% 04/25/2019$2,017,050
SYNCHRONY FINANCIAL 2.6% 01/15/2019$2,015,568
DANSKE BANK A/S 1.526% 09/06/2019$2,007,894
INVITATION HOMES 2014-SFR2 TRUST 2.372% 09/17/2031$2,001,795
CATERPILLAR FINANCIAL SERVICES CORP 1.9% 03/22/2019$2,001,722
21ST CENTURY FOX AMERICA INC 7.25% 05/18/2018$1,954,122
PNC BANK NA 1.7% 12/07/2018$1,939,837
SUMITOMO MITSUI TRUST BANK LTD 2.05% 03/06/2019$1,899,991
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$1,886,223
SUNCORP-METWAY LTD 2.1% 05/03/2019$1,861,755
FORD MOTOR CREDIT CO LLC 2.681% 01/09/2020$1,831,762
JC PENNEY CORP INC 5.65% 06/01/2020$1,800,000
ERAC USA FINANCE LLC 6.375% 10/15/2017$1,754,434
HESS CORP 8.125% 02/15/2019$1,732,831
ATHENE GLOBAL FUNDING 2.75% 04/20/2020$1,731,374
HYUNDAI CAPITAL SERVICES INC 3% 03/06/2022$1,726,499
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$1,664,080
LENNAR CORP 4.125% 01/15/2022$1,658,475
CITIGROUP INC 1.7% 04/27/2018$1,649,888
DAIMLER FINANCE NORTH AMERICA LLC 1.65% 03/02/2018$1,649,559
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2017-1 2.7% 10/17/2022$1,616,460
SANTANDER HOLDINGS USA INC 3.7% 03/28/2022$1,601,602
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,586,134
TEVA PHARMACEUTICAL FINANCE IV LLC 2.25% 03/18/2020$1,585,352
PHILIP MORRIS INTERNATIONAL INC 2% 02/21/2020$1,584,185
BANK OF AMERICA CORP 6.875% 11/15/2018$1,583,566
COMMONWEALTH BANK OF AUSTRALIA 5% 03/19/2020$1,560,696
MOLSON COORS BREWING CO 1.9% 03/15/2019$1,544,762
ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 4.25% 09/15/2022$1,532,550
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 4.5% 10/01/2020$1,531,875
21ST CENTURY FOX AMERICA INC 6.9% 03/01/2019$1,515,038
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,514,880
HYUNDAI CAPITAL AMERICA 2.55% 04/03/2020$1,503,422
FONDO MIVIVIENDA SA 3.5% 01/31/2023$1,498,500
AUTOZONE INC 1.625% 04/21/2019$1,479,938
NAVIENT CORP 5.5% 01/15/2019$1,457,750
NBCUNIVERSAL ENTERPRISE INC 1.974% 04/15/2019$1,435,185
MGM RESORTS INTERNATIONAL 5.25% 03/31/2020$1,431,000
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP 4.125% 11/15/2019$1,430,618
PULTEGROUP INC 4.25% 03/01/2021$1,413,075
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 1.658% 09/23/2019$1,408,915
GENERAL MOTORS FINANCIAL CO INC 2.65% 04/13/2020$1,406,686
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$1,403,715
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$1,396,950
ING GROEP NV 2.302% 03/29/2022$1,362,027
FORD MOTOR CREDIT CO LLC 2.738% 03/28/2022$1,361,931
PERUSAHAAN PENERBIT SBSN INDONESIA III 3.4% 03/29/2022$1,351,725
DAIWA SECURITIES GROUP INC 3.129% 04/19/2022$1,338,569
BANK OF AMERICA CORP 6.5% 07/15/2018$1,301,628
SLM CORP 5.125% 04/05/2022$1,286,775
ORANGE SA 2.75% 02/06/2019$1,265,600
ASTORIA FINANCIAL CORP 5% 06/19/2017$1,259,973
ALLY AUTO RECEIVABLES TRUST 2016-1 1.73% 11/16/2020$1,252,894
DAIMLER FINANCE NORTH AMERICA LLC 1.5% 07/05/2019$1,238,374
PHILLIPS 66 1.906% 04/15/2020$1,227,000
CHEVRON CORP 1.686% 02/28/2019$1,216,700
JOHN DEERE CAPITAL CORP 1.6% 07/13/2018$1,162,300
FORD MOTOR CREDIT CO LLC 2.375% 03/12/2019$1,160,356
ABBOTT LABORATORIES 2.35% 11/22/2019$1,156,943
SEAGATE HDD CAYMAN 4.25% 03/01/2022$1,118,892
HUNTINGTON NATIONAL BANK/THE 2.375% 03/10/2020$1,093,082
DELTA AIR LINES INC 2.875% 03/13/2020$1,050,020
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$1,032,188
SCHAEFFLER FINANCE BV 4.25% 05/15/2021$1,022,925
CENTURYLINK INC 6.45% 06/15/2021$1,014,475
KINDER MORGAN ENERGY PARTNERS LP 2.65% 02/01/2019$1,009,230
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$989,319
CIT GROUP INC 5.25% 03/15/2018$960,737
ENSTAR GROUP LTD 4.5% 03/10/2022$896,760
CITIZENS BANK NA/PROVIDENCE RI 2.25% 03/02/2020$886,373
ANHEUSER-BUSCH INBEV WORLDWIDE INC 2.2% 08/01/2018$855,821
AMERICAN EXPRESS CREDIT CORP 1.875% 05/03/2019$834,960
ASTON MARTIN CAPITAL HOLDINGS LTD 6.5% 04/15/2022$831,263
FORD MOTOR CREDIT CO LLC 2.262% 03/28/2019$816,246
NATIONAL AUSTRALIA BANK LTD 2.25% 07/01/2019$804,651
MOODY'S CORP 2.75% 12/15/2021$803,555
EI DU PONT DE NEMOURS & CO 2.2% 05/01/2020$776,544
SMITHFIELD FOODS INC 2.7% 01/31/2020$757,612
WM WRIGLEY JR CO 2.4% 10/21/2018$705,897
LENNAR CORP 4.5% 04/30/2024$688,500
ONEOK INC 4.25% 02/01/2022$686,294
TTX CO 2.25% 02/01/2019$675,891
ROGERS COMMUNICATIONS INC 6.8% 08/15/2018$659,184
UNITED STATES TREASURY NOTE/BOND 1.625% 03/15/2020$636,400
CONOCOPHILLIPS 5.75% 02/01/2019$624,600
STARWOOD PROPERTY TRUST INC 5% 12/15/2021$616,550
RYDER SYSTEM INC 2.45% 11/15/2018$615,779
ANADARKO PETROLEUM CORP 8.7% 03/15/2019$615,111
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$602,027
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$598,850
ING BANK NV 2.05% 08/17/2018$596,254
RYDER SYSTEM INC 2.35% 02/26/2019$553,143
CATERPILLAR FINANCIAL SERVICES CORP 7.15% 02/15/2019$545,927
NAVIENT CORP 6.5% 06/15/2022$517,500
NISSAN MOTOR ACCEPTANCE CORP 1.477% 09/13/2019$501,638
GREAT PLAINS ENERGY INC 2.5% 03/09/2020$470,740
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5% 04/15/2018$469,701
SYMANTEC CORP 5% 04/15/2025$466,313
DXC TECHNOLOGY CO 2.875% 03/27/2020$440,206
TECH DATA CORP 3.7% 02/15/2022$437,788
B&G FOODS INC 4.625% 06/01/2021$326,400
PETRO-CANADA 6.05% 05/15/2018$292,086
NEWELL BRANDS INC 2.6% 03/29/2019$264,323
GOLDMAN SACHS GROUP INC/THE 1.65% 12/15/2017$250,823
FOREST LABORATORIES LLC 4.375% 02/01/2019$237,813
EXELON GENERATION CO LLC 2.95% 01/15/2020$233,686
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$19,379,656
BLACKROCK TEMP FUND$19,377,507
 
Other
Holding NameMarket Value
S&P 500 FUTURE EQUITY INDEX JUN17 (SPM7) INDEX$2,346,518
USD$275,590
EURO-BOBL FUTURE BOND JUN17 (OEM7) COMDTY$128,198
CURRENCY CONTRACT$24,774
EURO$17,364
BRITISH POUND$21
CURRENCY CONTRACT$-85,517
US 5YR NOTE (CBT) BOND JUN17 (FVM7) COMDTY$-109,336
CURRENCY CONTRACT$-114,264
USD$-2,888,255
All Holdings As of Mar 31, 2017
Equity
Holding NameMarket Value
AMAZON.COM INC$35,638,908
JPMORGAN CHASE & CO$30,090,822
CITIGROUP INC$26,636,171
MICROSOFT CORP$22,622,251
CHEVRON CORP$22,301,286
CISCO SYSTEMS INC$21,975,847
WELLS FARGO & CO$21,958,928
FACEBOOK INC$21,946,725
PRICELINE GROUP INC/THE$19,472,872
ALLERGAN PLC$17,898,692
INTEL CORP$17,772,086
ALPHABET INC$17,714,424
QUALCOMM INC$15,571,136
PNC FINANCIAL SERVICES GROUP INC/THE$14,957,014
PULTEGROUP INC$14,378,900
BRITISH AMERICAN TOBACCO PLC$13,881,373
MERCK & CO INC$13,820,522
XL GROUP LTD$13,205,459
FEDEX CORP$13,189,408
VISA INC$13,161,647
UNION PACIFIC CORP$13,023,605
APPLE INC$12,800,106
INTERCONTINENTAL EXCHANGE INC$12,799,607
HALLIBURTON CO$12,709,024
HILTON WORLDWIDE HOLDINGS INC$12,582,463
VIACOM INC$12,448,752
PHILIP MORRIS INTERNATIONAL INC$12,214,087
BRISTOL-MYERS SQUIBB CO$12,141,259
M&T BANK CORP$12,067,857
PRINCIPAL FINANCIAL GROUP INC$11,929,494
VERTEX PHARMACEUTICALS INC$11,225,215
NORWEGIAN CRUISE LINE HOLDINGS LTD$11,145,990
COGNIZANT TECHNOLOGY SOLUTIONS CORP$10,906,266
MASTERCARD INC$10,875,849
ROYAL DUTCH SHELL PLC$10,770,987
EOG RESOURCES INC$10,709,722
ROCHE HOLDING AG$10,634,280
SEMPRA ENERGY$10,501,589
DOW CHEMICAL CO/THE$10,383,071
PIONEER NATURAL RESOURCES CO$10,303,547
UNILEVER NV$10,184,400
INVESCO LTD$10,182,607
UNITED TECHNOLOGIES CORP$10,098,115
FORTUNE BRANDS HOME & SECURITY INC$9,940,030
ALPHABET INC$9,919,260
DANAHER CORP$9,750,420
ING GROEP NV$9,738,618
ASTRAZENECA PLC$9,684,945
MEDTRONIC PLC$9,648,027
MARSH & MCLENNAN COS INC$9,635,404
SYNCHRONY FINANCIAL$9,613,364
MARATHON OIL CORP$9,421,303
UNITEDHEALTH GROUP INC$9,381,372
INTERNATIONAL PAPER CO$9,372,160
EATON CORP PLC$9,333,335
INGERSOLL-RAND PLC$9,246,247
ALIBABA GROUP HOLDING LTD$9,201,997
NOKIA OYJ$9,128,147
MORGAN STANLEY$8,705,088
EDISON INTERNATIONAL$8,667,539
LIBERTY INTERACTIVE CORP QVC GROUP$8,409,361
BANK OF AMERICA CORP$8,273,249
DOMINION RESOURCES INC/VA$8,199,304
CHUBB LTD$7,892,690
AMGEN INC$7,545,087
AMERICAN TOWER CORP$7,401,786
XCEL ENERGY INC$7,395,991
AGRIUM INC$7,156,122
CATERPILLAR INC$7,146,138
PARK HOTELS & RESORTS INC$7,075,294
BLACKROCK INC$7,018,617
MONDELEZ INTERNATIONAL INC$6,978,055
TENCENT HOLDINGS LTD$6,963,261
SALESFORCE.COM INC$6,904,413
THOMSON REUTERS CORP$6,894,753
SIGNET JEWELERS LTD$6,792,201
TRIUMPH GROUP INC$6,342,302
NIELSEN HOLDINGS PLC$6,159,321
BOEING CO/THE$6,066,298
AMERICAN AIRLINES GROUP INC$5,998,140
KRAFT HEINZ CO/THE$5,573,918
CELGENE CORP$5,313,161
INTUITIVE SURGICAL INC$5,135,349
HOME DEPOT INC/THE$5,021,586
NETFLIX INC$4,922,073
STRYKER CORP$4,910,545
TD AMERITRADE HOLDING CORP$4,799,210
FISERV INC$4,450,966
SERVICENOW INC$4,154,825
THERMO FISHER SCIENTIFIC INC$4,111,411
ALASKA AIR GROUP INC$4,011,570
WALGREENS BOOTS ALLIANCE INC$4,011,315
TESLA MOTORS INC$3,777,923
ALEXION PHARMACEUTICALS INC$3,776,262
LOWE'S COS INC$3,625,461
BIOGEN INC$3,609,144
HUMANA INC$3,607,450
BROADCOM LTD$3,590,944
AETNA INC$3,491,936
FORTIVE CORP$3,480,716
STATE STREET CORP$3,415,269
O'REILLY AUTOMOTIVE INC$3,222,969
SOUTHWESTERN ENERGY CO$2,957,295
BECTON DICKINSON AND CO$2,864,782
MARRIOTT INTERNATIONAL INC/MD$2,850,923
RED HAT INC$2,775,007
ROSS STORES INC$2,746,779
PAYPAL HOLDINGS INC$2,740,374
NXP SEMICONDUCTORS NV$2,430,077
CTRIP.COM INTERNATIONAL LTD$2,359,200
CHARTER COMMUNICATIONS INC$2,030,366
ROYAL CARIBBEAN CRUISES LTD$1,996,048
UNITED CONTINENTAL HOLDINGS INC$1,977,920
FIDELITY NATIONAL INFORMATION SERVICES INC$1,950,690
CHARLES SCHWAB CORP/THE$1,938,475
MGM RESORTS INTERNATIONAL$1,934,440
YUM! BRANDS INC$1,923,390
CIGNA CORP$1,801,827
DELPHI AUTOMOTIVE PLC$1,722,486
ELECTRONIC ARTS INC$1,575,552
AUTOZONE INC$1,518,405
NEXTERA ENERGY INC$1,437,744
BANK OF NEW YORK MELLON CORP/THE$1,426,346
ROPER TECHNOLOGIES INC$1,424,781
CITIZENS FINANCIAL GROUP INC$1,399,275
WORKDAY INC$1,349,136
SHIRE PLC$1,335,299
COMCAST CORP$1,323,168
EQUINIX INC$1,293,595
INTUIT INC$1,229,494
FIRST REPUBLIC BANK/CA$1,224,127
STARBUCKS CORP$1,220,351
WILLIS TOWERS WATSON PLC$1,113,350
HONEYWELL INTERNATIONAL INC$1,111,343
ZOETIS INC$1,056,726
FERRARI NV$1,033,604
CME GROUP INC$1,009,800
TEXTRON INC$894,692
CANADIAN PACIFIC RAILWAY LTD$881,520
NORTHROP GRUMMAN CORP$880,008
EQUIFAX INC$847,788
IHS MARKIT LTD$769,699
COSTCO WHOLESALE CORP$737,836
COACH INC$735,674
S&P GLOBAL INC$719,070
FLEETCOR TECHNOLOGIES INC$711,721
ILLUMINA INC$665,496
CONSTELLATION BRANDS INC$648,280
GLOBAL PAYMENTS INC$645,440
ELI LILLY & CO$597,181
BALL CORP$596,382
ANALOG DEVICES INC$573,650
LAS VEGAS SANDS CORP$559,286
KLA-TENCOR CORP$551,406
MICROCHIP TECHNOLOGY INC$531,216
JB HUNT TRANSPORT SERVICES INC$513,744
GOLDMAN SACHS GROUP INC/THE$505,384
HARRIS CORP$456,207
AMERIPRISE FINANCIAL INC$440,912
SHERWIN-WILLIAMS CO/THE$434,266
SNAP INC$410,046
DOLLAR GENERAL CORP$376,542
ECOLAB INC$350,952
WALT DISNEY CO/THE$328,831
MONSTER BEVERAGE CORP$327,807
ROCKWELL COLLINS INC$320,628
GENERAL DYNAMICS CORP$280,800
JOHNSON CONTROLS INTERNATIONAL PLC$219,866
DELTA AIR LINES INC$197,628
DOMINO'S PIZZA INC$179,877
ACTIVISION BLIZZARD INC$174,510
MERCADOLIBRE INC$169,176
BAIDU INC$166,137
PROGRESSIVE CORP/THE$160,638
CR BARD INC$124,270
REGENERON PHARMACEUTICALS INC$116,253
MOLSON COORS BREWING CO$114,852
DENTSPLY SIRONA INC$93,660
SBA COMMUNICATIONS CORP$84,259
WABTEC CORP/DE$82,056
STANLEY BLACK & DECKER INC$79,722
AGILENT TECHNOLOGIES INC$68,731
HENRY SCHEIN INC$67,308
RAYTHEON CO$61,000
EI DU PONT DE NEMOURS & CO$48,198
PPG INDUSTRIES INC$42,032
DR PEPPER SNAPPLE GROUP INC$39,168
NVIDIA CORP$32,679
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/2018$54,629,661
UNITED STATES TREASURY NOTE/BOND 1.125% 02/28/2019$44,703,770
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$28,846,827
UNITED STATES TREASURY NOTE/BOND 1% 11/30/2018$18,896,416
UNITED STATES TREASURY NOTE/BOND 1.375% 01/15/2020$17,328,324
UNITED STATES TREASURY NOTE/BOND 1.125% 01/31/2019$16,039,869
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/2018$11,766,818
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$7,684,002
EVERGREEN CREDIT CARD TRUST SERIES 2016-1 1.424% 04/15/2020$6,028,554
WORLD FINANCIAL NETWORK CREDIT CARD MASTER TRUST 1.184% 02/15/2022$6,018,629
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-3 1.34% 11/15/2019$5,995,300
NISSAN MASTER OWNER TRUST RECEIVABLES 1.54% 06/15/2021$5,957,459
WESTPAC BANKING CORP 2.25% 01/17/2019$5,283,017
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.606% 04/25/2028$5,101,680
BMW VEHICLE LEASE TRUST 1.98% 05/20/2020$4,950,417
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$4,752,598
AMERICAN EXPRESS CREDIT CORP 2.125% 03/18/2019$4,724,402
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$4,654,703
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.127% 09/25/2029$4,426,941
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.042% 01/25/2029$4,375,052
VERIZON COMMUNICATIONS INC 2.137% 03/16/2022$4,029,126
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$3,880,191
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2.25% 01/10/2020$3,791,211
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.5% 02/28/2020$3,712,620
CARMAX AUTO OWNER TRUST 2016-3 1.17% 08/15/2019$3,689,362
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$3,624,552
KINDER MORGAN FINANCE CO LLC 6% 01/15/2018$3,610,033
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$3,465,791
HYUNDAI CAPITAL AMERICA 2.55% 02/06/2019$3,396,364
MORGAN STANLEY 2.21% 01/20/2022$3,354,382
BANK OF MONTREAL 2.1% 12/12/2019$3,343,350
INTERNATIONAL LEASE FINANCE CORP 6.25% 05/15/2019$3,341,887
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$3,336,042
JPMORGAN CHASE & CO 6.3% 04/23/2019$3,259,713
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2% 01/14/2019$3,258,340
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.7% 03/05/2018$3,235,537
NISSAN MOTOR ACCEPTANCE CORP 1.961% 03/08/2019$3,232,106
WESTPAC BANKING CORP 2.15% 03/06/2020$3,188,242
UBS GROUP FUNDING SWITZERLAND AG 2.376% 05/23/2023$3,174,289
ROYAL BANK OF CANADA 2.125% 03/02/2020$3,161,466
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$3,140,645
CAPITAL ONE FINANCIAL CORP 2.056% 03/09/2022$3,133,787
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$3,117,763
BOSTON PROPERTIES LP 3.7% 11/15/2018$3,100,332
ING BANK NV 1.686% 08/17/2018$3,066,677
CELGENE CORP 2.875% 08/15/2020$3,048,318
DAIMLER FINANCE NORTH AMERICA LLC 2.3% 01/06/2020$3,028,045
FORD MOTOR CREDIT CO LLC 2.597% 11/04/2019$3,018,120
MYLAN NV 2.5% 06/07/2019$3,015,303
ACTAVIS FUNDING SCS 2.35% 03/12/2018$3,013,776
WELLS FARGO BANK NA 1.8% 11/28/2018$3,004,596
BANK OF AMERICA CORP 2.65% 04/01/2019$2,989,291
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 3.21% 01/17/2023$2,986,597
PHILIP MORRIS INTERNATIONAL INC 1.625% 02/21/2019$2,985,203
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 2.92% 10/17/2022$2,984,290
FORD CREDIT AUTO OWNER TRUST 2016-C 1.22% 03/15/2021$2,975,297
CAPITAL ONE NA/MCLEAN VA 1.85% 09/13/2019$2,973,957
ABN AMRO BANK NV 1.8% 09/20/2019$2,972,556
TOYOTA MOTOR CREDIT CORP 1.7% 01/09/2019$2,966,317
CITIGROUP INC 2.45% 01/10/2020$2,934,372
PRINCIPAL LIFE GLOBAL FUNDING II 2.15% 01/10/2020$2,919,644
ARES CAPITAL CORP 4.875% 11/30/2018$2,902,111
BANK OF NOVA SCOTIA/THE 1.375% 12/18/2017$2,899,133
HSBC USA INC 1.7% 03/05/2018$2,826,800
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$2,819,418
MACQUARIE BANK LTD 2.35% 01/15/2019$2,813,356
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$2,771,053
TIME WARNER CABLE INC 6.75% 07/01/2018$2,750,147
GENERAL MOTORS FINANCIAL CO INC 3.5% 07/10/2019$2,744,589
BB&T CORP 2.05% 06/19/2018$2,738,061
CITIBANK NA 2% 03/20/2019$2,725,084
DOW CHEMICAL CO/THE 8.55% 05/15/2019$2,721,998
SUMITOMO MITSUI BANKING CORP 1.46% 01/16/2018$2,707,711
SUMITOMO MITSUI BANKING CORP 1.966% 01/11/2019$2,686,385
TOYOTA MOTOR CREDIT CORP 2.1% 01/17/2019$2,683,365
VALERO ENERGY CORP 9.375% 03/15/2019$2,616,312
METROPOLITAN LIFE GLOBAL FUNDING I 1.75% 12/19/2018$2,597,244
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.184% 12/25/2027$2,594,216
MORGAN STANLEY 5.5% 01/26/2020$2,560,017
JP MORGAN MORTGAGE TRUST 2017-1 3.5% 01/25/2047$2,541,113
REPUBLIC SERVICES INC 3.8% 05/15/2018$2,529,725
MIZUHO FINANCIAL GROUP INC 1.994% 02/28/2022$2,510,481
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,483,470
CITIGROUP INC 2.4% 02/18/2020$2,480,349
ANZ NEW ZEALAND INT'L LTD/LONDON 2.6% 09/23/2019$2,419,831
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$2,407,498
GOLDMAN SACHS GROUP INC/THE 2.3% 12/13/2019$2,312,862
WELLS FARGO & CO 1.964% 02/11/2022$2,309,550
AMERICAN EXPRESS CREDIT CORP 2.2% 03/03/2020$2,299,413
JPMORGAN CHASE BANK NA 1.588% 09/23/2019$2,263,075
BPCE SA 2.25% 01/27/2020$2,192,242
ASCIANO FINANCE LTD 5% 04/07/2018$2,171,081
AIR LIQUIDE FINANCE SA 1.375% 09/27/2019$2,164,270
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$2,157,409
PHILIP MORRIS INTERNATIONAL INC 1.875% 01/15/2019$2,144,815
ROYAL BANK OF CANADA 2.15% 03/15/2019$2,113,694
TESORO CORP 4.75% 12/15/2023$2,105,293
DTE ENERGY CO 1.5% 10/01/2019$2,095,532
CONOCOPHILLIPS 6% 01/15/2020$2,077,370
CREDIT AGRICOLE SA/LONDON 3.375% 01/10/2022$2,042,309
ANHEUSER-BUSCH INBEV WORLDWIDE INC 5.375% 01/15/2020$2,037,182
SYNCHRONY FINANCIAL 2.6% 01/15/2019$2,016,452
FIFTH THIRD BANK/CINCINNATI OH 2.375% 04/25/2019$2,015,194
DANSKE BANK A/S 1.526% 09/06/2019$2,005,838
INVITATION HOMES 2014-SFR2 TRUST 2.372% 09/17/2031$2,003,817
CATERPILLAR FINANCIAL SERVICES CORP 1.9% 03/22/2019$2,001,398
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$2,000,000
21ST CENTURY FOX AMERICA INC 7.25% 05/18/2018$1,960,367
PNC BANK NA 1.7% 12/07/2018$1,940,083
SUMITOMO MITSUI TRUST BANK LTD 2.05% 03/06/2019$1,897,745
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$1,881,053
SUNCORP-METWAY LTD 2.1% 05/03/2019$1,860,151
FORD MOTOR CREDIT CO LLC 2.681% 01/09/2020$1,829,133
JC PENNEY CORP INC 5.65% 06/01/2020$1,791,000
ERAC USA FINANCE LLC 6.375% 10/15/2017$1,760,994
HESS CORP 8.125% 02/15/2019$1,738,439
HYUNDAI CAPITAL SERVICES INC 3% 03/06/2022$1,724,677
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$1,663,413
CITIGROUP INC 1.7% 04/27/2018$1,651,132
DAIMLER FINANCE NORTH AMERICA LLC 1.65% 03/02/2018$1,649,036
LENNAR CORP 4.125% 01/15/2022$1,637,723
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2017-1 2.7% 10/17/2022$1,614,545
SANTANDER HOLDINGS USA INC 3.7% 03/28/2022$1,597,262
BANK OF AMERICA CORP 6.875% 11/15/2018$1,589,989
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,585,512
TEVA PHARMACEUTICAL FINANCE IV LLC 2.25% 03/18/2020$1,580,915
PHILIP MORRIS INTERNATIONAL INC 2% 02/21/2020$1,576,717
COMMONWEALTH BANK OF AUSTRALIA 5% 03/19/2020$1,559,730
MOLSON COORS BREWING CO 1.9% 03/15/2019$1,544,901
ABN AMRO BANK NV 2.1% 01/18/2019$1,536,157
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 4.5% 10/01/2020$1,530,000
ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 4.25% 09/15/2022$1,518,750
21ST CENTURY FOX AMERICA INC 6.9% 03/01/2019$1,518,530
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,513,154
HYUNDAI CAPITAL AMERICA 2.55% 04/03/2020$1,501,098
FONDO MIVIVIENDA SA 3.5% 01/31/2023$1,494,800
AUTOZONE INC 1.625% 04/21/2019$1,475,912
NAVIENT CORP 5.5% 01/15/2019$1,453,900
NBCUNIVERSAL ENTERPRISE INC 1.974% 04/15/2019$1,433,659
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP 4.125% 11/15/2019$1,429,750
MGM RESORTS INTERNATIONAL 5.25% 03/31/2020$1,424,250
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 1.658% 09/23/2019$1,410,343
PULTEGROUP INC 4.25% 03/01/2021$1,402,860
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$1,392,122
FORD MOTOR CREDIT CO LLC 2.738% 03/28/2022$1,366,485
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$1,363,450
ING GROEP NV 2.302% 03/29/2022$1,352,971
PERUSAHAAN PENERBIT SBSN INDONESIA III 3.4% 03/29/2022$1,345,360
BANK OF AMERICA CORP 6.5% 07/15/2018$1,304,839
ORANGE SA 2.75% 02/06/2019$1,265,225
ASTORIA FINANCIAL CORP 5% 06/19/2017$1,261,905
ALLY AUTO RECEIVABLES TRUST 2016-1 1.73% 11/16/2020$1,251,547
DAIMLER FINANCE NORTH AMERICA LLC 1.5% 07/05/2019$1,233,736
CHEVRON CORP 1.686% 02/28/2019$1,216,617
JOHN DEERE CAPITAL CORP 1.6% 07/13/2018$1,161,571
FORD MOTOR CREDIT CO LLC 2.375% 03/12/2019$1,160,585
ABBOTT LABORATORIES 2.35% 11/22/2019$1,155,499
SEAGATE HDD CAYMAN 4.25% 03/01/2022$1,110,464
HUNTINGTON NATIONAL BANK/THE 2.375% 03/10/2020$1,089,555
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$1,085,625
DELTA AIR LINES INC 2.875% 03/13/2020$1,049,155
SCHAEFFLER FINANCE BV 4.25% 05/15/2021$1,018,750
KINDER MORGAN ENERGY PARTNERS LP 2.65% 02/01/2019$1,009,914
CENTURYLINK INC 6.45% 06/15/2021$998,010
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$986,784
CIT GROUP INC 5.25% 03/15/2018$956,156
ENSTAR GROUP LTD 4.5% 03/10/2022$886,968
CITIZENS BANK NA/PROVIDENCE RI 2.25% 03/02/2020$884,348
ANHEUSER-BUSCH INBEV WORLDWIDE INC 2.2% 08/01/2018$855,784
FORD MOTOR CREDIT CO LLC 2.262% 03/28/2019$817,415
NATIONAL AUSTRALIA BANK LTD 2.25% 07/01/2019$804,940
MOODY'S CORP 2.75% 12/15/2021$799,632
SMITHFIELD FOODS INC 2.7% 01/31/2020$755,415
WM WRIGLEY JR CO 2.4% 10/21/2018$705,933
ONEOK INC 4.25% 02/01/2022$676,500
TTX CO 2.25% 02/01/2019$675,610
ROGERS COMMUNICATIONS INC 6.8% 08/15/2018$661,956
UNITED STATES TREASURY NOTE/BOND 1.625% 03/15/2020$635,336
CONOCOPHILLIPS 5.75% 02/01/2019$626,425
ANADARKO PETROLEUM CORP 8.7% 03/15/2019$617,240
RYDER SYSTEM INC 2.45% 11/15/2018$615,302
STARWOOD PROPERTY TRUST INC 5% 12/15/2021$613,600
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$602,489
ING BANK NV 2.05% 08/17/2018$595,975
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$588,525
RYDER SYSTEM INC 2.35% 02/26/2019$553,364
CATERPILLAR FINANCIAL SERVICES CORP 7.15% 02/15/2019$547,616
NAVIENT CORP 6.5% 06/15/2022$505,000
NISSAN MOTOR ACCEPTANCE CORP 1.477% 09/13/2019$501,670
GREAT PLAINS ENERGY INC 2.5% 03/09/2020$467,286
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5% 04/15/2018$466,744
SYMANTEC CORP 5% 04/15/2025$461,953
DXC TECHNOLOGY CO 2.875% 03/27/2020$438,956
TECH DATA CORP 3.7% 02/15/2022$431,960
B&G FOODS INC 4.625% 06/01/2021$324,000
PETRO-CANADA 6.05% 05/15/2018$293,235
NEWELL BRANDS INC 2.6% 03/29/2019$264,354
GOLDMAN SACHS GROUP INC/THE 1.65% 12/15/2017$250,919
FOREST LABORATORIES LLC 4.375% 02/01/2019$238,225
EXELON GENERATION CO LLC 2.95% 01/15/2020$233,312
SUNCOR ENERGY INC 6.1% 06/01/2018$173,719
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$18,039,315
BLACKROCK TEMP FUND$18,039,315
 
Other
Holding NameMarket Value
USD$3,828,470
CURRENCY CONTRACT$16,227
CURRENCY CONTRACT$3,524
BRITISH POUND$20
US 5YR NOTE (CBT) BOND JUN17 (FVM7) COMDTY$-34,791
USD$-1,982,932
S&P 500 FUTURE EQUITY INDEX JUN17 (SPM7) INDEX$-3,223,777
All Holdings As of Feb 28, 2017
Equity
Holding NameMarket Value
AMAZON.COM INC$34,224,120
JPMORGAN CHASE & CO$31,611,609
CITIGROUP INC$27,160,678
CHEVRON CORP$23,845,838
WELLS FARGO & CO$23,302,893
CISCO SYSTEMS INC$22,678,533
MICROSOFT CORP$21,909,951
FACEBOOK INC$20,968,038
PRICELINE GROUP INC/THE$19,034,395
ALLERGAN PLC$18,612,441
INTEL CORP$18,201,794
ALPHABET INC$17,825,789
PNC FINANCIAL SERVICES GROUP INC/THE$16,150,958
QUALCOMM INC$15,652,020
MERCK & CO INC$15,480,372
HALLIBURTON CO$14,089,704
PULTEGROUP INC$13,739,068
FEDEX CORP$13,734,966
XL GROUP LTD$13,689,183
BRITISH AMERICAN TOBACCO PLC$13,636,224
M&T BANK CORP$13,571,823
UNION PACIFIC CORP$13,543,232
BRISTOL-MYERS SQUIBB CO$12,903,510
VISA INC$12,848,034
HILTON WORLDWIDE HOLDINGS INC$12,525,141
INTERCONTINENTAL EXCHANGE INC$12,505,757
PRINCIPAL FINANCIAL GROUP INC$12,064,091
VIACOM INC$11,840,125
PHILIP MORRIS INTERNATIONAL INC$11,536,425
NORWEGIAN CRUISE LINE HOLDINGS LTD$11,364,456
APPLE INC$11,356,471
UNITED TECHNOLOGIES CORP$11,146,502
COGNIZANT TECHNOLOGY SOLUTIONS CORP$11,083,134
INVESCO LTD$10,920,586
EOG RESOURCES INC$10,866,566
ROYAL DUTCH SHELL PLC$10,823,541
MASTERCARD INC$10,769,850
SEMPRA ENERGY$10,696,476
PIONEER NATURAL RESOURCES CO$10,500,052
VERTEX PHARMACEUTICALS INC$10,402,270
DOW CHEMICAL CO/THE$10,382,478
SYNCHRONY FINANCIAL$10,365,329
ROCHE HOLDING AG$10,306,813
ALPHABET INC$9,970,174
DANAHER CORP$9,958,020
MEDTRONIC PLC$9,888,577
MARSH & MCLENNAN COS INC$9,740,876
MARATHON OIL CORP$9,736,160
INTERNATIONAL PAPER CO$9,726,523
UNILEVER NV$9,702,650
FORTUNE BRANDS HOME & SECURITY INC$9,640,377
UNITEDHEALTH GROUP INC$9,377,046
EDISON INTERNATIONAL$9,364,825
MORGAN STANLEY$9,348,649
ASTRAZENECA PLC$9,286,802
EATON CORP PLC$9,245,975
INGERSOLL-RAND PLC$9,208,379
ING GROEP NV$9,108,438
NOKIA OYJ$8,834,056
BANK OF AMERICA CORP$8,832,972
ALIBABA GROUP HOLDING LTD$8,606,350
DOMINION RESOURCES INC/VA$8,374,949
AMGEN INC$8,284,553
CHUBB LTD$8,160,320
LIBERTY INTERACTIVE CORP QVC GROUP$8,093,101
BLACKROCK INC$7,817,393
AGRIUM INC$7,655,840
CATERPILLAR INC$7,599,216
XCEL ENERGY INC$7,421,958
MONDELEZ INTERNATIONAL INC$7,259,976
AMERICAN TOWER CORP$6,990,711
TRIUMPH GROUP INC$6,847,223
SALESFORCE.COM INC$6,808,995
PARK HOTELS & RESORTS INC$6,805,567
THOMSON REUTERS CORP$6,746,427
AMERICAN AIRLINES GROUP INC$6,717,564
NIELSEN HOLDINGS PLC$6,614,076
TENCENT HOLDINGS LTD$6,413,985
BOEING CO/THE$6,308,050
SIGNET JEWELERS LTD$6,235,254
KRAFT HEINZ CO/THE$5,616,884
CELGENE CORP$5,273,877
HOME DEPOT INC/THE$5,042,868
STRYKER CORP$4,795,288
INTUITIVE SURGICAL INC$4,790,500
TD AMERITRADE HOLDING CORP$4,738,920
NETFLIX INC$4,732,929
NXP SEMICONDUCTORS NV$4,480,357
FISERV INC$4,454,440
ALASKA AIR GROUP INC$4,255,170
ALEXION PHARMACEUTICALS INC$4,250,138
WALGREENS BOOTS ALLIANCE INC$4,249,896
THERMO FISHER SCIENTIFIC INC$4,220,621
SERVICENOW INC$4,128,700
BIOGEN INC$3,953,820
AETNA INC$3,525,063
HUMANA INC$3,485,625
FORTIVE CORP$3,470,530
STATE STREET CORP$3,419,559
O'REILLY AUTOMOTIVE INC$3,245,304
BROADCOM LTD$3,227,229
LOWE'S COS INC$3,108,666
TESLA MOTORS INC$2,943,382
ROSS STORES INC$2,859,786
BECTON DICKINSON AND CO$2,858,692
SOUTHWESTERN ENERGY CO$2,718,395
PAYPAL HOLDINGS INC$2,675,400
RED HAT INC$2,606,942
MARRIOTT INTERNATIONAL INC/MD$2,528,886
CHARTER COMMUNICATIONS INC$2,262,389
UNITED CONTINENTAL HOLDINGS INC$2,178,246
CTRIP.COM INTERNATIONAL LTD$2,158,520
FIDELITY NATIONAL INFORMATION SERVICES INC$2,015,615
YUM! BRANDS INC$1,966,132
CHARLES SCHWAB CORP/THE$1,858,860
MGM RESORTS INTERNATIONAL$1,856,074
ROYAL CARIBBEAN CRUISES LTD$1,839,835
CIGNA CORP$1,831,470
DELPHI AUTOMOTIVE PLC$1,629,182
AUTOZONE INC$1,546,755
CITIZENS FINANCIAL GROUP INC$1,513,485
BANK OF NEW YORK MELLON CORP/THE$1,423,628
NEXTERA ENERGY INC$1,388,600
SHIRE PLC$1,384,885
COMCAST CORP$1,384,540
ELECTRONIC ARTS INC$1,375,350
WORKDAY INC$1,343,466
COSTCO WHOLESALE CORP$1,275,696
ZOETIS INC$1,220,799
ROPER TECHNOLOGIES INC$1,213,360
INTUIT INC$1,179,136
STARBUCKS CORP$1,086,217
CME GROUP INC$1,032,410
WILLIS TOWERS WATSON PLC$1,002,525
EQUINIX INC$977,782
TEXTRON INC$950,730
NORTHROP GRUMMAN CORP$914,233
FERRARI NV$904,334
BAIDU INC$888,063
CANADIAN PACIFIC RAILWAY LTD$884,880
FIRST REPUBLIC BANK/CA$835,087
DELTA AIR LINES INC$828,838
FLEETCOR TECHNOLOGIES INC$799,000
DOLLAR GENERAL CORP$781,314
HONEYWELL INTERNATIONAL INC$747,000
S&P GLOBAL INC$712,085
LAS VEGAS SANDS CORP$704,235
IHS MARKIT LTD$674,530
ILLUMINA INC$652,860
GLOBAL PAYMENTS INC$637,520
CONSTELLATION BRANDS INC$635,240
TRACTOR SUPPLY CO$595,644
COACH INC$594,204
BALL CORP$590,519
ELI LILLY & CO$587,951
ANALOG DEVICES INC$573,510
NVIDIA CORP$568,288
JB HUNT TRANSPORT SERVICES INC$549,752
GOLDMAN SACHS GROUP INC/THE$545,732
MICROCHIP TECHNOLOGY INC$522,144
CENTENE CORP$513,734
AMERIPRISE FINANCIAL INC$447,100
EQUIFAX INC$445,774
SHERWIN-WILLIAMS CO/THE$431,956
JOHNSON CONTROLS INTERNATIONAL PLC$403,463
ECOLAB INC$347,116
KLA-TENCOR CORP$324,432
WALT DISNEY CO/THE$319,261
HARRIS CORP$241,780
DOMINO'S PIZZA INC$223,217
MOLSON COORS BREWING CO$210,819
GENERAL DYNAMICS CORP$208,791
MONSTER BEVERAGE CORP$207,200
ACTIVISION BLIZZARD INC$157,955
NORFOLK SOUTHERN CORP$145,236
DENTSPLY SIRONA INC$139,744
ROCKWELL COLLINS INC$124,267
CR BARD INC$122,620
REGENERON PHARMACEUTICALS INC$112,050
US BANCORP$88,000
HENRY SCHEIN INC$67,938
AGILENT TECHNOLOGIES INC$66,690
RAYTHEON CO$61,660
WABTEC CORP/DE$56,084
EI DU PONT DE NEMOURS & CO$47,124
DR PEPPER SNAPPLE GROUP INC$37,376
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/2018$56,644,794
UNITED STATES TREASURY NOTE/BOND 0.875% 03/31/2018$29,971,290
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/2018$29,956,650
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$29,708,790
UNITED STATES TREASURY NOTE/BOND 1.125% 01/31/2019$23,465,573
UNITED STATES TREASURY NOTE/BOND 1% 11/30/2018$22,403,401
UNITED STATES TREASURY NOTE/BOND 1.375% 01/15/2020$19,458,114
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$7,690,223
EVERGREEN CREDIT CARD TRUST SERIES 2016-1 1.424% 04/15/2020$6,030,325
WORLD FINANCIAL NETWORK CREDIT CARD MASTER TRUST 1.184% 02/15/2022$6,013,751
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-3 1.34% 11/15/2019$5,996,816
CARMAX AUTO OWNER TRUST 2016-3 1.17% 08/15/2019$5,977,773
NISSAN MASTER OWNER TRUST RECEIVABLES 1.54% 06/15/2021$5,938,516
INVITATION HOMES 2015-SFR3 TRUST 1.85% 08/17/2032$5,926,550
WESTPAC BANKING CORP 2.25% 01/17/2019$5,284,634
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.606% 04/25/2028$5,177,447
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$4,757,690
AMERICAN EXPRESS CREDIT CORP 2.125% 03/18/2019$4,736,693
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$4,656,718
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.042% 01/25/2029$4,393,289
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$3,885,101
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2.25% 01/10/2020$3,796,480
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.5% 02/28/2020$3,713,783
KINDER MORGAN FINANCE CO LLC 6% 01/15/2018$3,628,846
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$3,615,782
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$3,468,899
HYUNDAI CAPITAL AMERICA 2.55% 02/06/2019$3,394,996
INTERNATIONAL LEASE FINANCE CORP 6.25% 05/15/2019$3,371,343
CNH EQUIPMENT TRUST 2014-C 1.05% 11/15/2019$3,365,916
MORGAN STANLEY 2.21% 01/20/2022$3,355,155
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$3,345,367
BANK OF MONTREAL 2.1% 12/12/2019$3,339,634
JPMORGAN CHASE & CO 6.3% 04/23/2019$3,273,486
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2% 01/14/2019$3,259,487
NISSAN MOTOR ACCEPTANCE CORP 1.961% 03/08/2019$3,238,474
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.7% 03/05/2018$3,236,721
WESTPAC BANKING CORP 2.15% 03/06/2020$3,185,653
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$3,137,509
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$3,124,280
BOSTON PROPERTIES LP 3.7% 11/15/2018$3,112,404
ING BANK NV 1.686% 08/17/2018$3,063,444
CELGENE CORP 2.875% 08/15/2020$3,049,260
FORD MOTOR CREDIT CO LLC 2.597% 11/04/2019$3,034,644
DAIMLER FINANCE NORTH AMERICA LLC 2.3% 01/06/2020$3,030,199
ACTAVIS FUNDING SCS 2.35% 03/12/2018$3,022,572
WELLS FARGO BANK NA 1.8% 11/28/2018$3,010,449
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-3 1.209% 11/08/2019$3,003,944
MYLAN NV 2.5% 06/07/2019$3,003,381
PHILIP MORRIS INTERNATIONAL INC 1.625% 02/21/2019$2,992,349
BANK OF AMERICA CORP 2.65% 04/01/2019$2,991,223
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 3.21% 01/17/2023$2,989,616
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 2.92% 10/17/2022$2,988,243
CAPITAL ONE NA/MCLEAN VA 1.85% 09/13/2019$2,982,090
FORD CREDIT AUTO OWNER TRUST 2016-C 1.22% 03/15/2021$2,976,611
ABN AMRO BANK NV 1.8% 09/20/2019$2,972,391
TOYOTA MOTOR CREDIT CORP 1.7% 01/09/2019$2,968,338
CITIGROUP INC 2.45% 01/10/2020$2,935,850
PRINCIPAL LIFE GLOBAL FUNDING II 2.15% 01/10/2020$2,924,625
ARES CAPITAL CORP 4.875% 11/30/2018$2,915,163
BANK OF NOVA SCOTIA/THE 1.375% 12/18/2017$2,898,640
HSBC USA INC 1.7% 03/05/2018$2,827,845
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$2,813,693
MACQUARIE BANK LTD 2.35% 01/15/2019$2,813,493
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$2,772,101
TIME WARNER CABLE INC 6.75% 07/01/2018$2,761,577
GENERAL MOTORS FINANCIAL CO INC 3.5% 07/10/2019$2,747,470
DOW CHEMICAL CO/THE 8.55% 05/15/2019$2,740,987
BB&T CORP 2.05% 06/19/2018$2,739,372
SUMITOMO MITSUI BANKING CORP 1.46% 01/16/2018$2,708,203
TOYOTA MOTOR CREDIT CORP 2.1% 01/17/2019$2,687,363
SUMITOMO MITSUI BANKING CORP 1.966% 01/11/2019$2,684,729
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.184% 12/25/2027$2,666,913
VALERO ENERGY CORP 9.375% 03/15/2019$2,635,048
METROPOLITAN LIFE GLOBAL FUNDING I 1.75% 12/19/2018$2,600,944
MORGAN STANLEY 5.5% 01/26/2020$2,568,430
JP MORGAN MORTGAGE TRUST 2017-1 3.5% 01/25/2047$2,552,197
REPUBLIC SERVICES INC 3.8% 05/15/2018$2,536,301
MIZUHO FINANCIAL GROUP INC 1.994% 02/28/2022$2,510,483
DRIVE AUTO RECEIVABLES TRUST 2016-B 2.56% 06/15/2020$2,490,242
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,482,280
CITIGROUP INC 2.4% 02/18/2020$2,477,986
ANZ NEW ZEALAND INT'L LTD/LONDON 2.6% 09/23/2019$2,421,365
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$2,411,325
GOLDMAN SACHS GROUP INC/THE 2.3% 12/13/2019$2,315,844
WELLS FARGO & CO 1.964% 02/11/2022$2,305,236
JPMORGAN CHASE BANK NA 1.588% 09/23/2019$2,261,990
BPCE SA 2.25% 01/27/2020$2,196,524
ASCIANO FINANCE LTD 5% 04/07/2018$2,175,150
AIR LIQUIDE FINANCE SA 1.375% 09/27/2019$2,172,566
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$2,160,762
PHILIP MORRIS INTERNATIONAL INC 1.875% 01/15/2019$2,151,943
ROYAL BANK OF CANADA 2.15% 03/15/2019$2,115,939
TESORO CORP 4.75% 12/15/2023$2,108,663
DTE ENERGY CO 1.5% 10/01/2019$2,098,261
CONOCOPHILLIPS 6% 01/15/2020$2,080,436
ANHEUSER-BUSCH INBEV WORLDWIDE INC 5.375% 01/15/2020$2,045,325
CREDIT AGRICOLE SA/LONDON 3.375% 01/10/2022$2,032,428
FIFTH THIRD BANK/CINCINNATI OH 2.375% 04/25/2019$2,022,712
SYNCHRONY FINANCIAL 2.6% 01/15/2019$2,017,772
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$2,012,500
INVITATION HOMES 2014-SFR2 TRUST 2.372% 09/17/2031$2,003,935
DANSKE BANK A/S 1.526% 09/06/2019$2,000,860
21ST CENTURY FOX AMERICA INC 7.25% 05/18/2018$1,970,209
PNC BANK NA 1.7% 12/07/2018$1,943,251
SUMITOMO MITSUI TRUST BANK LTD 2.05% 03/06/2019$1,900,382
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$1,886,783
SUNCORP-METWAY LTD 2.1% 05/03/2019$1,863,620
FORD MOTOR CREDIT CO LLC 2.681% 01/09/2020$1,835,774
ERAC USA FINANCE LLC 6.375% 10/15/2017$1,769,087
HESS CORP 8.125% 02/15/2019$1,752,528
HYUNDAI CAPITAL SERVICES INC 3% 03/06/2022$1,724,363
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$1,671,876
DAIMLER FINANCE NORTH AMERICA LLC 1.65% 03/02/2018$1,650,460
CITIGROUP INC 1.7% 04/27/2018$1,650,266
LENNAR CORP 4.125% 01/15/2022$1,646,325
BANK OF AMERICA CORP 6.875% 11/15/2018$1,599,946
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,585,366
PHILIP MORRIS INTERNATIONAL INC 2% 02/21/2020$1,576,758
TEVA PHARMACEUTICAL FINANCE IV LLC 2.25% 03/18/2020$1,576,669
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2015-3 1.634% 05/17/2021$1,573,413
COMMONWEALTH BANK OF AUSTRALIA 5% 03/19/2020$1,561,918
COMMONWEALTH BANK OF AUSTRALIA 1.353% 03/12/2018$1,551,948
ABN AMRO BANK NV 2.1% 01/18/2019$1,538,567
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 4.5% 10/01/2020$1,533,750
ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 4.25% 09/15/2022$1,526,250
21ST CENTURY FOX AMERICA INC 6.9% 03/01/2019$1,525,809
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,509,078
FONDO MIVIVIENDA SA 3.5% 01/31/2023$1,483,700
AUTOZONE INC 1.625% 04/21/2019$1,479,624
NAVIENT CORP 5.5% 01/15/2019$1,449,000
NBCUNIVERSAL ENTERPRISE INC 1.974% 04/15/2019$1,435,187
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP 4.125% 11/15/2019$1,431,500
MGM RESORTS INTERNATIONAL 5.25% 03/31/2020$1,424,250
NEWELL BRANDS INC 2.6% 03/29/2019$1,406,373
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 1.658% 09/23/2019$1,405,904
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$1,401,790
PULTEGROUP INC 4.25% 03/01/2021$1,397,412
JC PENNEY CORP INC 8.125% 10/01/2019$1,391,000
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$1,386,900
BANK OF AMERICA CORP 6.5% 07/15/2018$1,312,304
ORANGE SA 2.75% 02/06/2019$1,266,336
ASTORIA FINANCIAL CORP 5% 06/19/2017$1,265,344
ALLY AUTO RECEIVABLES TRUST 2016-1 1.73% 11/16/2020$1,249,847
DAIMLER FINANCE NORTH AMERICA LLC 1.5% 07/05/2019$1,236,632
JOHN DEERE CAPITAL CORP 1.6% 07/13/2018$1,162,241
FORD MOTOR CREDIT CO LLC 2.375% 03/12/2019$1,161,964
ABBOTT LABORATORIES 2.35% 11/22/2019$1,156,876
SEAGATE HDD CAYMAN 4.25% 03/01/2022$1,109,022
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$1,096,875
SCHAEFFLER FINANCE BV 4.25% 05/15/2021$1,025,400
KINDER MORGAN ENERGY PARTNERS LP 2.65% 02/01/2019$1,011,342
PRESTIGE AUTO RECEIVABLES TRUST 2013-1 2.05% 05/15/2019$1,001,713
CENTURYLINK INC 6.45% 06/15/2021$1,001,039
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$989,511
CIT GROUP INC 5.25% 03/15/2018$962,206
CITIZENS BANK NA/PROVIDENCE RI 2.25% 03/02/2020$885,288
ANHEUSER-BUSCH INBEV WORLDWIDE INC 2.2% 08/01/2018$856,897
NATIONAL AUSTRALIA BANK LTD 2.25% 07/01/2019$804,642
MOODY'S CORP 2.75% 12/15/2021$801,197
SMITHFIELD FOODS INC 2.7% 01/31/2020$759,334
WM WRIGLEY JR CO 2.4% 10/21/2018$706,962
ONEOK INC 4.25% 02/01/2022$683,100
TTX CO 2.25% 02/01/2019$676,171
ROGERS COMMUNICATIONS INC 6.8% 08/15/2018$665,227
CONOCOPHILLIPS 5.75% 02/01/2019$628,828
ANADARKO PETROLEUM CORP 8.7% 03/15/2019$622,644
RYDER SYSTEM INC 2.45% 11/15/2018$616,287
STARWOOD PROPERTY TRUST INC 5% 12/15/2021$614,338
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$603,775
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$601,063
ING BANK NV 2.05% 08/17/2018$596,493
RYDER SYSTEM INC 2.35% 02/26/2019$554,381
CATERPILLAR FINANCIAL SERVICES CORP 7.15% 02/15/2019$551,947
NISSAN MOTOR ACCEPTANCE CORP 1.477% 09/13/2019$500,919
JC PENNEY CORP INC 5.65% 06/01/2020$495,470
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5% 04/15/2018$468,488
SYMANTEC CORP 5% 04/15/2025$462,419
TECH DATA CORP 3.7% 02/15/2022$430,500
B&G FOODS INC 4.625% 06/01/2021$325,600
PETRO-CANADA 6.05% 05/15/2018$294,207
GOLDMAN SACHS GROUP INC/THE 1.65% 12/15/2017$250,790
FOREST LABORATORIES LLC 4.375% 02/01/2019$238,635
SUNCOR ENERGY INC 6.1% 06/01/2018$173,972
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$20,988,875
UNITED STATES ZERO 02/18$11,902,737
BLACKROCK TEMP FUND$7,550,340
KAISER ZERO 03/17$5,898,795
 
Other
Holding NameMarket Value
S&P 500 FUTURE EQUITY INDEX MAR17 (SPH7)$41,254,868
CURRENCY CONTRACT$32,181
CURRENCY CONTRACT$29,799
BRITISH POUND$20
US 5YR NOTE (CBT) BOND JUN17 (FVM7) COMDTY$-17,643
USD$-8,774,399
USD$-41,235,187

Footnotes

1.

Please read Making Sound Investment Decisions: A Retirement Investment Guide and the accompanying VantageTrust Fund Fees and Expenses document ("Guide") carefully for a complete summary of all fees, expenses, investment objectives and strategies, and risks before investing. For a current Guide, contact ICMA-RC by calling 800-669-7400 or log into your account at www.icmarc.org.

2.

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

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.