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, Large Investor Risk.
Please see the Disclosure Memorandum for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
VT Vantagepoint Grwth & Income   4.50%15.86%20.79%10.18%13.94%7.25%N/A
S&P 500 Indexa,b4.48%14.24%18.61%10.81%14.22%7.44%N/A
Morningstar Large Blendb,c4.19%13.19%17.65%9.03%12.91%6.58%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 d
Gross Expenses0.60%
Net Expenses0.60%

 

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

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

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2017
Period Stars Category Size
Overall 3 Stars1218
3-Year 3 Stars1218
5-Year 4 Stars1083
10-Year 3 Stars799

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

Morningstar Stylebox As of Sep 30, 2017
Equity Stylebox Fixed Income Stylebox
Large GrowthMedium Limited
Allocation of Assets As of Aug 31, 2017
Type of Asset Percent
Equity98%
Fixed Income33%
Cash/Other-30%

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

 
 

Statistics

Portfolio Statistics As of Sep 30, 2017
Statistic3-Year5-Year
Beta1.021.01
Alpha-0.58-0.40
Standard Deviation10.429.86
 
 

Underlying Fund Characteristics

Allocation of Assets As of Aug 31, 2017
Asset ClassPercent
Domestic Stock90.9%
Foreign Stock6.7%
Domestic Bond26.1%
Foreign Bond6.7%
Preferred0.0%
Convertible0.0%
Cash-30.5%
Other0.0%

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

 
Equity Sector As of Aug 31, 2017
SectorPercent
Financial Services20.3%
Technology19.9%
Consumer Cyclical14.4%
Healthcare14.0%
Industrials9.5%
Consumer Defensive5.7%
Energy5.2%
Utilities3.1%
Basic Materials2.4%
Communication Services1.9%
Real Estate1.3%

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

 
Top Ten Holdings As of Aug 31, 2017
Holding NamePercent
S&P 500 FUTURE EQUITY INDEX SEP17 (SPU7) INDEX35.2%
UNITED STATES TREASURY NOTE/BOND 1.25% 06/30/20192.7%
AMAZON.COM INC2.0%
BLACKROCK TEMP FUND1.8%
FIDELITY INSTITUTIONAL MONEY MARKET1.8%
JPMORGAN CHASE & CO1.6%
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/20181.5%
CITIGROUP INC1.5%
UNITED STATES TREASURY NOTE/BOND 1.375% 07/31/20191.5%
FACEBOOK INC1.4%
All Holdings As of Aug 31, 2017
Equity
Holding NameMarket Value
AMAZON.COM INC$39,322,060
JPMORGAN CHASE & CO$31,271,977
CITIGROUP INC$29,312,222
FACEBOOK INC$28,461,035
CHEVRON CORP$23,698,462
ALPHABET INC$21,373,515
PRICELINE GROUP INC/THE$21,265,583
CISCO SYSTEMS INC$20,942,072
WELLS FARGO & CO$20,148,085
MICROSOFT CORP$19,806,573
ALIBABA GROUP HOLDING LTD$19,275,754
INTEL CORP$18,205,223
BANK OF AMERICA CORP$16,622,901
VISA INC$16,532,144
QUALCOMM INC$15,804,253
VERTEX PHARMACEUTICALS INC$15,577,838
PHILIP MORRIS INTERNATIONAL INC$15,058,830
DOW CHEMICAL CO/THE$13,743,897
XL GROUP LTD$13,569,884
UNITEDHEALTH GROUP INC$13,545,090
ALLERGAN PLC$13,382,126
HILTON WORLDWIDE HOLDINGS INC$13,363,400
UNILEVER NV$13,072,150
MASTERCARD INC$13,010,080
BRITISH AMERICAN TOBACCO PLC$13,002,275
COGNIZANT TECHNOLOGY SOLUTIONS CORP$12,967,682
UNION PACIFIC CORP$12,947,372
NORWEGIAN CRUISE LINE HOLDINGS LTD$12,921,372
PULTEGROUP INC$12,661,328
MERCK & CO INC$12,593,767
BRISTOL-MYERS SQUIBB CO$12,589,940
PRINCIPAL FINANCIAL GROUP INC$11,817,968
BOEING CO/THE$11,791,272
NETAPP INC$11,524,546
PNC FINANCIAL SERVICES GROUP INC/THE$11,398,891
SEMPRA ENERGY$11,207,713
INVESCO LTD$10,897,350
LIBERTY INTERACTIVE CORP QVC GROUP$10,866,406
MORGAN STANLEY$10,838,100
UNITED TECHNOLOGIES CORP$10,773,962
TENCENT HOLDINGS LTD$10,755,565
INTERNATIONAL PAPER CO$10,707,417
ROCHE HOLDING AG$10,541,318
KINDER MORGAN INC/DE$10,532,917
NOKIA OYJ$10,408,109
ALPHABET INC$10,221,068
FORTUNE BRANDS HOME & SECURITY INC$10,214,463
HALLIBURTON CO$10,064,431
ING GROEP NV$10,027,369
INGERSOLL-RAND PLC$9,709,014
EATON CORP PLC$9,678,343
MEDTRONIC PLC$9,655,212
M&T BANK CORP$9,565,507
MARSH & MCLENNAN COS INC$9,533,724
APPLE INC$9,528,400
EOG RESOURCES INC$9,330,797
SYNCHRONY FINANCIAL$9,282,354
ASTRAZENECA PLC$9,277,518
CATERPILLAR INC$9,051,312
VIACOM INC$8,901,064
AMERICAN TOWER CORP$8,823,780
PARK HOTELS & RESORTS INC$8,738,973
EDISON INTERNATIONAL$8,729,598
SALESFORCE.COM INC$8,727,786
DOMINION RESOURCES INC/VA$8,326,147
BRIXMOR PROPERTY GROUP INC$8,315,424
XCEL ENERGY INC$8,236,256
NASDAQ OMX GROUP INC/THE$8,178,730
AMGEN INC$8,175,109
CHUBB LTD$7,909,338
BLACKROCK INC$7,668,302
INTUITIVE SURGICAL INC$7,635,492
STRYKER CORP$7,393,651
ALEXION PHARMACEUTICALS INC$7,369,290
AGRIUM INC$7,342,608
AMERICAN AIRLINES GROUP INC$7,310,516
THOMSON REUTERS CORP$7,287,098
SERVICENOW INC$7,261,875
PIONEER NATURAL RESOURCES CO$7,173,146
MONDELEZ INTERNATIONAL INC$7,155,306
BECTON DICKINSON AND CO$6,505,733
PAYPAL HOLDINGS INC$6,445,560
TD AMERITRADE HOLDING CORP$6,285,732
SIGNET JEWELERS LTD$6,184,266
SCHNEIDER NATIONAL INC$6,180,360
DANAHER CORP$5,931,162
NIELSEN HOLDINGS PLC$5,792,535
INTERCONTINENTAL EXCHANGE INC$5,710,361
LYONDELLBASELL INDUSTRIES NV$5,399,164
L BRANDS INC$5,309,852
THERMO FISHER SCIENTIFIC INC$5,252,458
CELGENE CORP$5,195,982
BROADCOM LTD$5,142,228
STATE STREET CORP$5,077,701
HOME DEPOT INC/THE$5,065,606
NETFLIX INC$5,031,648
CIGNA CORP$5,024,856
AETNA INC$4,869,303
HUMANA INC$4,765,970
BIOGEN INC$4,748,400
FISERV INC$4,663,867
YUM! BRANDS INC$4,616,882
ELECTRONIC ARTS INC$4,288,950
MARRIOTT INTERNATIONAL INC/MD$4,285,208
TESLA MOTORS INC$4,226,313
RED HAT INC$3,738,958
TRIUMPH GROUP INC$3,484,829
ALASKA AIR GROUP INC$3,382,098
INTUIT INC$3,366,510
FORTIVE CORP$3,261,494
HONEYWELL INTERNATIONAL INC$3,028,113
FIDELITY NATIONAL INFORMATION SERVICES INC$2,871,228
ROYAL CARIBBEAN CRUISES LTD$2,830,843
CTRIP.COM INTERNATIONAL LTD$2,608,515
ROPER TECHNOLOGIES INC$2,583,392
WORKDAY INC$2,566,746
ROSS STORES INC$2,478,280
MCDONALDS CORP$2,431,544
CHARLES SCHWAB CORP/THE$2,358,090
GLOBAL PAYMENTS INC$2,320,407
WILLIS TOWERS WATSON PLC$2,242,788
FIRST REPUBLIC BANK/CA$2,110,740
SOUTHWESTERN ENERGY CO$1,972,737
MICROCHIP TECHNOLOGY INC$1,866,200
DELPHI AUTOMOTIVE PLC$1,764,120
EQUINIX INC$1,653,956
FERRARI NV$1,625,758
EQUIFAX INC$1,595,664
MGM RESORTS INTERNATIONAL$1,460,128
SHERWIN-WILLIAMS CO/THE$1,323,153
ROCKWELL COLLINS INC$1,284,290
WALGREENS BOOTS ALLIANCE INC$1,271,400
BALL CORP$1,250,167
S&P GLOBAL INC$1,250,073
XILINX INC$1,109,808
DOLLAR GENERAL CORP$1,044,864
STANLEY BLACK & DECKER INC$1,036,800
NORTHROP GRUMMAN CORP$1,034,398
CONSTELLATION BRANDS INC$960,480
NEXTERA ENERGY INC$948,213
IHS MARKIT LTD$896,892
PROGRESSIVE CORP/THE$869,920
ANALOG DEVICES INC$819,966
ACTIVISION BLIZZARD INC$819,500
CANADIAN PACIFIC RAILWAY LTD$778,000
OREILLY AUTOMOTIVE INC$729,800
STARBUCKS CORP$724,152
ZOETIS INC$721,050
UNITED CONTINENTAL HOLDINGS INC$662,972
LAM RESEARCH CORP$580,930
KLA-TENCOR CORP$543,402
BANK OF NEW YORK MELLON CORP/THE$517,572
CINTAS CORP$513,038
SYMANTEC CORP$482,678
CITIZENS FINANCIAL GROUP INC$386,362
COACH INC$374,258
MONSTER BEVERAGE CORP$368,412
VANTIV INC$346,381
SBA COMMUNICATIONS CORP$337,810
CME GROUP INC$306,700
HARRIS CORP$294,960
ILLUMINA INC$274,181
AGILENT TECHNOLOGIES INC$265,352
FLEETCOR TECHNOLOGIES INC$230,032
COMCAST CORP$219,294
REGENERON PHARMACEUTICALS INC$198,760
FEDEX CORP$171,504
RAYTHEON CO$163,809
LOWES COS INC$155,169
DELTA AIR LINES INC$132,132
COSTCO WHOLESALE CORP$109,718
AMERIPRISE FINANCIAL INC$83,106
CHARTER COMMUNICATIONS INC$80,904
CSX CORP$65,260
TEXTRON INC$58,908
SHIRE PLC$54,378
EI DU PONT DE NEMOURS & CO$41,965
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 1.25% 06/30/2019$53,983,493
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/2018$30,618,328
UNITED STATES TREASURY NOTE/BOND 1.375% 07/31/2019$29,030,020
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$28,207,926
UNITED STATES TREASURY NOTE/BOND 1.25% 04/30/2019$15,335,609
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$7,682,287
ALLY AUTO RECEIVABLES TRUST 2017-4 1.75% 12/15/2021$6,843,069
BPCE SA 2.082% 05/31/2022$6,547,912
DOMINOS PIZZA MASTER ISSUER LLC 0% 07/25/2047$6,482,176
UNITED STATES TREASURY NOTE/BOND 1.5% 08/15/2020$6,279,607
EVERGREEN CREDIT CARD TRUST SERIES 2016-1 1.424% 04/15/2020$6,021,527
NISSAN MASTER OWNER TRUST RECEIVABLES 1.54% 06/15/2021$5,983,404
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-4 4% 05/25/2057$5,953,381
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.974% 10/25/2029$5,810,132
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-3 4% 04/25/2057$5,567,738
WESTPAC BANKING CORP 2.25% 01/17/2019$5,287,214
BMW VEHICLE LEASE TRUST 1.98% 05/20/2020$4,956,255
COMMONBOND STUDENT LOAN TRUST 2017-A-GS 1.926% 05/25/2041$4,872,868
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$4,784,615
AMERICAN EXPRESS CREDIT CORP 2.125% 03/18/2019$4,729,852
CHESAPEAKE FUNDING II LLC 1.91% 08/15/2029$4,726,438
ABN AMRO BANK NV 2.1% 01/18/2019$4,682,190
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$4,664,154
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.606% 04/25/2028$4,436,946
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.127% 09/25/2029$4,320,385
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.186% 10/25/2029$4,226,982
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.042% 01/25/2029$4,099,119
VERIZON COMMUNICATIONS INC 1.722% 05/22/2020$3,943,827
FIRST INVESTORS AUTO OWNER TRUST 2017-2 1.86% 10/15/2021$3,892,774
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2.25% 01/10/2020$3,815,828
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$3,783,256
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.5% 02/28/2020$3,725,316
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$3,630,381
KINDER MORGAN FINANCE CO LLC 6% 01/15/2018$3,550,331
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$3,473,741
HYUNDAI CAPITAL AMERICA 2.55% 02/06/2019$3,392,046
ROYAL BANK OF SCOTLAND GROUP PLC 2.652% 05/15/2023$3,376,799
MORGAN STANLEY 2.21% 01/20/2022$3,363,119
BANK OF MONTREAL 2.1% 12/12/2019$3,354,032
BAT CAPITAL CORP 2.297% 08/14/2020$3,337,481
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$3,337,126
SABINE PASS LIQUEFACTION LLC 5.625% 02/01/2021$3,327,074
BECTON DICKINSON AND CO 0% 06/06/2022$3,323,538
INTERNATIONAL LEASE FINANCE CORP 6.25% 05/15/2019$3,308,713
DXC TECHNOLOGY CO 2.264% 03/01/2021$3,272,119
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2% 01/14/2019$3,262,728
ATHENE GLOBAL FUNDING 0% 07/01/2022$3,239,589
NISSAN MOTOR ACCEPTANCE CORP 1.961% 03/08/2019$3,236,034
JPMORGAN CHASE & CO 6.3% 04/23/2019$3,217,664
UBS GROUP FUNDING SWITZERLAND AG 2.376% 05/23/2023$3,214,298
WESTPAC BANKING CORP 2.15% 03/06/2020$3,211,136
CELGENE CORP 2.25% 08/15/2021$3,201,476
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$3,182,535
MVW OWNER TRUST 2017-1 2.42% 12/20/2034$3,167,588
CAPITAL ONE FINANCIAL CORP 2.056% 03/09/2022$3,131,912
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$3,128,144
BOSTON PROPERTIES LP 3.7% 11/15/2018$3,081,443
CELGENE CORP 2.875% 08/15/2020$3,078,495
ING BANK NV 1.686% 08/17/2018$3,067,933
BANK OF AMERICA CORP 2.153% 04/24/2023$3,067,831
DAIMLER FINANCE NORTH AMERICA LLC 2.3% 01/06/2020$3,037,190
FORD MOTOR CREDIT CO LLC 2.597% 11/04/2019$3,029,351
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 3.21% 01/17/2023$3,014,269
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 2.92% 10/17/2022$3,011,310
MYLAN NV 2.5% 06/07/2019$3,011,059
WELLS FARGO BANK NA 1.8% 11/28/2018$3,005,563
PHILIP MORRIS INTERNATIONAL INC 1.625% 02/21/2019$2,993,129
ABN AMRO BANK NV 1.8% 09/20/2019$2,992,254
CAPITAL ONE NA/MCLEAN VA 1.85% 09/13/2019$2,988,921
BANK OF AMERICA CORP 2.65% 04/01/2019$2,986,250
FORD CREDIT AUTO OWNER TRUST 2016-C 1.22% 03/15/2021$2,981,056
TOYOTA MOTOR CREDIT CORP 1.7% 01/09/2019$2,966,706
SINOPEC GROUP OVERSEAS DEVELOPMENT 2017 LTD 2.375% 04/12/2020$2,966,563
CITIGROUP INC 2.45% 01/10/2020$2,947,030
PRINCIPAL LIFE GLOBAL FUNDING II 2.15% 01/10/2020$2,932,832
ARES CAPITAL CORP 4.875% 11/30/2018$2,889,649
MACQUARIE BANK LTD 2.35% 01/15/2019$2,817,282
MORGAN STANLEY 2.243% 07/22/2022$2,811,946
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$2,811,698
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$2,755,471
GENERAL MOTORS FINANCIAL CO INC 3.5% 07/10/2019$2,736,659
CITIBANK NA 2% 03/20/2019$2,729,211
TIME WARNER CABLE INC 6.75% 07/01/2018$2,702,152
SUMITOMO MITSUI BANKING CORP 1.966% 01/11/2019$2,691,455
TOYOTA MOTOR CREDIT CORP 2.1% 01/17/2019$2,680,733
JPMORGAN CHASE & CO 1% 06/01/2021$2,675,351
BECTON DICKINSON AND CO 2.133% 06/06/2019$2,671,844
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.895% 11/25/2029$2,665,005
DOW CHEMICAL CO/THE 8.55% 05/15/2019$2,663,669
BANQUE FEDERATIVE DU CREDIT MUTUEL SA 2.2% 07/20/2020$2,621,592
METROPOLITAN LIFE GLOBAL FUNDING I 1.75% 12/19/2018$2,602,144
VERIZON COMMUNICATIONS INC 2.137% 03/16/2022$2,558,198
VALERO ENERGY CORP 9.375% 03/15/2019$2,555,193
MORGAN STANLEY 5.5% 01/26/2020$2,546,893
MIZUHO FINANCIAL GROUP INC 1.994% 02/28/2022$2,516,412
REPUBLIC SERVICES INC 3.8% 05/15/2018$2,511,614
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,494,499
CITIGROUP INC 2.4% 02/18/2020$2,493,843
ANZ NEW ZEALAND INTL LTD/LONDON 2.6% 09/23/2019$2,432,595
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$2,401,153
JP MORGAN MORTGAGE TRUST 2017-1 3.5% 01/25/2047$2,398,965
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.986% 02/25/2030$2,384,838
GOLDMAN SACHS GROUP INC/THE 2.3% 12/13/2019$2,325,727
AMERICAN EXPRESS CREDIT CORP 2.2% 03/03/2020$2,315,603
WELLS FARGO & CO 1.964% 02/11/2022$2,313,184
JPMORGAN CHASE BANK NA 1.588% 09/23/2019$2,265,638
VMWARE INC 2.3% 08/21/2020$2,223,043
BPCE SA 2.25% 01/27/2020$2,216,371
AIR LIQUIDE FINANCE SA 1.375% 09/27/2019$2,182,323
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$2,162,193
ASCIANO FINANCE LTD 5% 04/07/2018$2,152,770
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.184% 12/25/2027$2,149,991
PHILIP MORRIS INTERNATIONAL INC 1.875% 01/15/2019$2,147,455
ROYAL BANK OF CANADA 2.15% 03/15/2019$2,118,595
DTE ENERGY CO 1.5% 10/01/2019$2,105,061
CREDIT AGRICOLE SA/LONDON 3.375% 01/10/2022$2,098,712
ICICI BANK LTD/HONG KONG 5.75% 11/16/2020$2,096,814
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$2,034,400
ANHEUSER-BUSCH INBEV WORLDWIDE INC 5.375% 01/15/2020$2,024,523
FIFTH THIRD BANK/CINCINNATI OH 2.375% 04/25/2019$2,021,729
SYNCHRONY FINANCIAL 2.6% 01/15/2019$2,014,621
CATERPILLAR FINANCIAL SERVICES CORP 1.9% 03/22/2019$2,009,463
DANSKE BANK A/S 1.526% 09/06/2019$2,003,827
INVITATION HOMES 2014-SFR2 TRUST 2.372% 09/17/2031$2,002,123
BANK OF AMERICA CORP 2.369% 07/21/2021$1,976,664
PNC BANK NA 1.7% 12/07/2018$1,941,975
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.986% 02/25/2030$1,931,007
21ST CENTURY FOX AMERICA INC 7.25% 05/18/2018$1,919,419
SUMITOMO MITSUI TRUST BANK LTD 2.05% 03/06/2019$1,903,074
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$1,894,548
SUNCORP-METWAY LTD 2.1% 05/03/2019$1,862,874
FORD MOTOR CREDIT CO LLC 2.681% 01/09/2020$1,831,774
UBS AG/LONDON 2.2% 06/08/2020$1,803,754
JC PENNEY CORP INC 5.65% 06/01/2020$1,787,940
ATHENE GLOBAL FUNDING 2.75% 04/20/2020$1,749,055
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2017-2 1.98% 12/20/2021$1,747,303
VIETNAM GOVERNMENT INTERNATIONAL BOND 6.75% 01/29/2020$1,740,638
ERAC USA FINANCE LLC 6.375% 10/15/2017$1,728,781
HESS CORP 8.125% 02/15/2019$1,711,769
ENTERPRISE FLEET FINANCING LLC 1.97% 01/20/2023$1,675,612
LENNAR CORP 4.125% 01/15/2022$1,674,675
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$1,667,477
SANTANDER HOLDINGS USA INC 3.7% 03/28/2022$1,622,952
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2017-1 2.7% 10/17/2022$1,618,842
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,591,806
PHILIP MORRIS INTERNATIONAL INC 2% 02/21/2020$1,585,680
BANK OF AMERICA CORP 6.875% 11/15/2018$1,564,027
TEVA PHARMACEUTICAL FINANCE IV LLC 2.25% 03/18/2020$1,558,942
COMMONWEALTH BANK OF AUSTRALIA 5% 03/19/2020$1,556,347
MOLSON COORS BREWING CO 1.9% 03/15/2019$1,544,117
LIQUID TELECOMMUNICATIONS FINANCING PLC 8.5% 07/13/2022$1,527,147
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 4.5% 10/01/2020$1,526,250
FONDO MIVIVIENDA SA 3.5% 01/31/2023$1,517,740
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,517,692
21ST CENTURY FOX AMERICA INC 6.9% 03/01/2019$1,495,291
AUTOZONE INC 1.625% 04/21/2019$1,484,283
KINDER MORGAN INC/DE 2.589% 01/15/2023$1,471,036
NAVIENT CORP 5.5% 01/15/2019$1,452,920
SHERWIN-WILLIAMS CO/THE 2.25% 05/15/2020$1,447,977
NBCUNIVERSAL ENTERPRISE INC 1.974% 04/15/2019$1,437,372
MGM RESORTS INTERNATIONAL 5.25% 03/31/2020$1,427,625
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$1,419,645
PULTEGROUP INC 4.25% 03/01/2021$1,418,387
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP 4.125% 11/15/2019$1,417,500
GENERAL MOTORS FINANCIAL CO INC 2.65% 04/13/2020$1,412,448
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 1.658% 09/23/2019$1,410,287
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$1,385,225
VULCAN MATERIALS CO 1.846% 06/15/2020$1,384,840
NOKIA OYJ 3.375% 06/12/2022$1,377,000
ING GROEP NV 2.302% 03/29/2022$1,371,762
PERUSAHAAN PENERBIT SBSN INDONESIA III 3.4% 03/29/2022$1,368,475
FORD MOTOR CREDIT CO LLC 2.738% 03/28/2022$1,361,538
DAIWA SECURITIES GROUP INC 3.129% 04/19/2022$1,349,067
TAKEDA PHARMACEUTICAL CO LTD 2.45% 01/18/2022$1,295,879
SLM CORP 5.125% 04/05/2022$1,288,350
BANK OF AMERICA CORP 6.5% 07/15/2018$1,285,129
ORANGE SA 2.75% 02/06/2019$1,267,411
BPCE SA 2.392% 05/22/2022$1,265,913
ALLY AUTO RECEIVABLES TRUST 2016-1 1.73% 11/16/2020$1,252,461
DAIMLER FINANCE NORTH AMERICA LLC 1.5% 07/05/2019$1,241,589
SENEGAL GOVERNMENT INTERNATIONAL BOND 8.75% 05/13/2021$1,233,710
CARDINAL HEALTH INC 1.948% 06/14/2019$1,232,822
PHILLIPS 66 1.906% 04/15/2020$1,225,705
CHEVRON CORP 1.686% 02/28/2019$1,218,717
MANUFACTURERS & TRADERS TRUST CO 2.05% 08/17/2020$1,197,038
FORD MOTOR CREDIT CO LLC 2.375% 03/12/2019$1,162,477
ABBOTT LABORATORIES 2.35% 11/22/2019$1,160,749
SMBC AVIATION CAPITAL FINANCE DAC 3% 07/15/2022$1,135,446
SEAGATE HDD CAYMAN 4.25% 03/01/2022$1,104,324
MIZUHO BANK LTD 2.4% 03/26/2020$1,100,487
HUNTINGTON NATIONAL BANK/THE 2.375% 03/10/2020$1,095,817
DELTA AIR LINES INC 2.875% 03/13/2020$1,057,338
ASTORIA FINANCIAL CORP 3.5% 06/08/2020$1,039,387
MCLAREN FINANCE PLC 5.75% 08/01/2022$1,027,500
QUALCOMM INC 1.85% 05/20/2019$1,014,627
KINDER MORGAN ENERGY PARTNERS LP 2.65% 02/01/2019$1,008,077
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$992,775
DOMINION ENERGY INC 1.771% 06/01/2019$989,139
CENTURYLINK INC 6.45% 06/15/2021$982,919
ENSTAR GROUP LTD 4.5% 03/10/2022$912,747
CITIZENS BANK NA/PROVIDENCE RI 2.25% 03/02/2020$889,378
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$874,665
ANHEUSER-BUSCH INBEV WORLDWIDE INC 2.2% 08/01/2018$854,552
ASTON MARTIN CAPITAL HOLDINGS LTD 6.5% 04/15/2022$849,893
MARTIN MARIETTA MATERIALS INC 1.822% 05/22/2020$847,557
AMERICAN EXPRESS CREDIT CORP 1.875% 05/03/2019$837,890
FORD MOTOR CREDIT CO LLC 2.262% 03/28/2019$819,375
MOODYS CORP 2.75% 12/15/2021$813,970
NATIONAL AUSTRALIA BANK LTD 2.25% 07/01/2019$807,463
EI DU PONT DE NEMOURS & CO 2.2% 05/01/2020$781,670
CITIZENS BANK NA/PROVIDENCE RI 2.2% 05/26/2020$777,878
SMITHFIELD FOODS INC 2.7% 01/31/2020$761,060
ANZ NEW ZEALAND INTL LTD/LONDON 2.2% 07/17/2020$723,931
DOMINION ENERGY INC 2.579% 07/01/2020$717,278
LENNAR CORP 4.5% 04/30/2024$705,500
WM WRIGLEY JR CO 2.4% 10/21/2018$705,191
ONEOK INC 4.25% 02/01/2022$690,056
CBOE HOLDINGS INC 1.95% 06/28/2019$685,583
TTX CO 2.25% 02/01/2019$676,725
ROGERS COMMUNICATIONS INC 6.8% 08/15/2018$649,773
RYDER SYSTEM INC 2.45% 11/15/2018$614,770
ANADARKO PETROLEUM CORP 8.7% 03/15/2019$602,414
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$601,053
ING BANK NV 2.05% 08/17/2018$596,834
RYDER SYSTEM INC 2.35% 02/26/2019$554,155
CATERPILLAR FINANCIAL SERVICES CORP 7.15% 02/15/2019$538,345
NISSAN MOTOR ACCEPTANCE CORP 1.477% 09/13/2019$502,066
DAIMLER FINANCE NORTH AMERICA LLC 2.2% 05/05/2020$496,466
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5% 04/15/2018$467,906
DXC TECHNOLOGY CO 2.875% 03/27/2020$442,700
B&G FOODS INC 4.625% 06/01/2021$327,200
PETRO-CANADA 6.05% 05/15/2018$288,605
NEWELL BRANDS INC 2.6% 03/29/2019$263,936
GOLDMAN SACHS GROUP INC/THE 1.65% 12/15/2017$250,458
TECH DATA CORP 3.7% 02/15/2022$235,458
HYUNDAI CAPITAL AMERICA 2.55% 04/03/2020$215,961
FOREST LABORATORIES LLC 4.375% 02/01/2019$62,803
 
Short-Term/Cash
Holding NameMarket Value
BLACKROCK TEMP FUND$35,375,696
FIDELITY INSTITUTIONAL MONEY MARKET$35,375,696
 
Other
Holding NameMarket Value
S&P 500 FUTURE EQUITY INDEX SEP17 (SPU7) INDEX$10,547,956
US 2YR NOTE (CBT) BOND DEC17 (TUZ7) COMDTY$2,956
BRITISH POUND$21
EURO$-10
US 5YR NOTE (CBT) BOND DEC17 (FVZ7) COMDTY$-23,947
EURO-BOBL FUTURE BOND SEP17 (OEU7) COMDTY$-102,271
CURRENCY CONTRACT$-135,863
USD$-2,511,944
USD$-3,874,661
All Holdings As of Jul 31, 2017
Equity
Holding NameMarket Value
AMAZON.COM INC$38,523,420
JPMORGAN CHASE & CO$31,998,175
CITIGROUP INC$29,582,173
FACEBOOK INC$29,161,775
PRICELINE GROUP INC/THE$24,342,000
CHEVRON CORP$24,044,184
ALPHABET INC$21,823,947
WELLS FARGO & CO$21,280,355
CISCO SYSTEMS INC$20,447,941
MICROSOFT CORP$18,967,430
INTEL CORP$18,412,867
ALLERGAN PLC$18,348,176
ALIBABA GROUP HOLDING LTD$17,174,348
BANK OF AMERICA CORP$16,782,937
VISA INC$16,686,256
QUALCOMM INC$16,082,422
PHILIP MORRIS INTERNATIONAL INC$15,322,272
VERTEX PHARMACEUTICALS INC$14,913,886
XL GROUP LTD$14,709,542
UNITEDHEALTH GROUP INC$13,388,338
MASTERCARD INC$13,367,880
DOW CHEMICAL CO/THE$13,246,930
HILTON WORLDWIDE HOLDINGS INC$13,089,530
BRITISH AMERICAN TOBACCO PLC$13,085,999
UNILEVER NV$12,779,949
COGNIZANT TECHNOLOGY SOLUTIONS CORP$12,701,989
UNION PACIFIC CORP$12,659,653
PRINCIPAL FINANCIAL GROUP INC$12,617,552
MERCK & CO INC$12,597,711
PULTEGROUP INC$11,974,811
NORWEGIAN CRUISE LINE HOLDINGS LTD$11,967,372
NETAPP INC$11,871,028
BRISTOL-MYERS SQUIBB CO$11,844,702
PNC FINANCIAL SERVICES GROUP INC/THE$11,707,018
MORGAN STANLEY$11,612,440
INVESCO LTD$11,558,904
BOEING CO/THE$11,298,636
ALPHABET INC$11,251,450
HALLIBURTON CO$10,960,597
INTERNATIONAL PAPER CO$10,928,045
VIACOM INC$10,868,012
NOKIA OYJ$10,761,782
SEMPRA ENERGY$10,740,131
FORTUNE BRANDS HOME & SECURITY INC$10,727,392
UNITED TECHNOLOGIES CORP$10,670,470
ING GROEP NV$10,563,139
M&T BANK CORP$10,554,663
EATON CORP PLC$10,553,656
ROCHE HOLDING AG$10,525,713
TENCENT HOLDINGS LTD$10,453,472
EOG RESOURCES INC$10,445,135
MEDTRONIC PLC$10,056,415
LIBERTY INTERACTIVE CORP QVC GROUP$10,055,949
INGERSOLL-RAND PLC$9,992,132
KINDER MORGAN INC/DE$9,939,195
MARSH & MCLENNAN COS INC$9,645,045
ASTRAZENECA PLC$9,386,372
SYNCHRONY FINANCIAL$9,140,661
PIONEER NATURAL RESOURCES CO$9,023,834
PARK HOTELS & RESORTS INC$8,817,555
SALESFORCE.COM INC$8,816,680
CATERPILLAR INC$8,778,594
BRIXMOR PROPERTY GROUP INC$8,701,878
AMERICAN AIRLINES GROUP INC$8,589,932
EDISON INTERNATIONAL$8,566,285
AMERICAN TOWER CORP$8,493,359
CHUBB LTD$8,323,029
DOMINION RESOURCES INC/VA$8,158,080
NASDAQ OMX GROUP INC/THE$8,069,145
AMGEN INC$8,025,191
APPLE INC$7,912,436
XCEL ENERGY INC$7,871,864
STRYKER CORP$7,811,010
BLACKROCK INC$7,805,926
MONDELEZ INTERNATIONAL INC$7,746,596
AGRIUM INC$7,496,889
THOMSON REUTERS CORP$7,318,996
MARATHON OIL CORP$7,292,566
SERVICENOW INC$7,124,025
INTUITIVE SURGICAL INC$6,943,124
TD AMERITRADE HOLDING CORP$6,928,095
L BRANDS INC$6,800,774
BECTON DICKINSON AND CO$6,710,648
ALEXION PHARMACEUTICALS INC$6,667,445
NIELSEN HOLDINGS PLC$6,412,791
INTERCONTINENTAL EXCHANGE INC$6,317,437
DANAHER CORP$6,282,879
PAYPAL HOLDINGS INC$6,042,360
SIGNET JEWELERS LTD$5,996,983
SCHNEIDER NATIONAL INC$5,964,288
BROADCOM LTD$5,648,514
HOME DEPOT INC/THE$5,639,920
FISERV INC$5,512,650
NETFLIX INC$5,413,468
CELGENE CORP$5,348,695
STATE STREET CORP$5,239,526
THERMO FISHER SCIENTIFIC INC$5,137,237
AETNA INC$4,764,630
CIGNA CORP$4,408,424
ALASKA AIR GROUP INC$4,355,253
HUMANA INC$4,323,440
BIOGEN INC$4,199,055
YUM! BRANDS INC$4,183,102
ELECTRONIC ARTS INC$4,109,248
MARRIOTT INTERNATIONAL INC/MD$4,060,388
FORTIVE CORP$3,968,562
LYONDELLBASELL INDUSTRIES NV$3,873,870
TESLA MOTORS INC$3,711,818
RED HAT INC$3,606,876
TRIUMPH GROUP INC$3,392,077
CTRIP.COM INTERNATIONAL LTD$3,207,501
INTUIT INC$3,059,783
FIDELITY NATIONAL INFORMATION SERVICES INC$2,992,016
HONEYWELL INTERNATIONAL INC$2,858,520
ROPER TECHNOLOGIES INC$2,766,274
ROYAL CARIBBEAN CRUISES LTD$2,730,075
WORKDAY INC$2,583,383
CHARLES SCHWAB CORP/THE$2,535,390
ROSS STORES INC$2,384,292
WILLIS TOWERS WATSON PLC$2,382,973
FIRST REPUBLIC BANK/CA$2,342,605
MCDONALD'S CORP$2,125,418
SOUTHWESTERN ENERGY CO$2,063,229
WALGREENS BOOTS ALLIANCE INC$1,879,611
STARBUCKS CORP$1,797,534
MGM RESORTS INTERNATIONAL$1,761,755
EQUIFAX INC$1,730,736
MICROCHIP TECHNOLOGY INC$1,664,832
GLOBAL PAYMENTS INC$1,594,853
EQUINIX INC$1,591,528
O'REILLY AUTOMOTIVE INC$1,582,099
FERRARI NV$1,577,850
DELPHI AUTOMOTIVE PLC$1,564,266
BALL CORP$1,557,088
CITIZENS FINANCIAL GROUP INC$1,413,724
SHERWIN-WILLIAMS CO/THE$1,247,899
CANADIAN PACIFIC RAILWAY LTD$1,219,686
KLA-TENCOR CORP$1,182,515
S&P GLOBAL INC$1,121,207
NORTHROP GRUMMAN CORP$1,105,146
PROGRESSIVE CORP/THE$1,079,277
NEXTERA ENERGY INC$1,066,457
STANLEY BLACK & DECKER INC$1,012,968
IHS MARKIT LTD$1,009,879
CONSTELLATION BRANDS INC$1,005,420
COACH INC$994,654
DOLLAR GENERAL CORP$962,048
UNITED CONTINENTAL HOLDINGS INC$893,376
ZOETIS INC$862,776
ANALOG DEVICES INC$766,397
FLEETCOR TECHNOLOGIES INC$714,682
ROCKWELL COLLINS INC$660,486
LAM RESEARCH CORP$558,110
BANK OF NEW YORK MELLON CORP/THE$524,997
LOWE'S COS INC$518,580
CME GROUP INC$478,218
CSX CORP$463,796
XILINX INC$455,472
AUTOZONE INC$377,874
CINTAS CORP$350,610
SBA COMMUNICATIONS CORP$343,875
HARRIS CORP$274,728
FEDEX CORP$270,439
SHIRE PLC$245,279
AGILENT TECHNOLOGIES INC$245,139
ILLUMINA INC$233,133
COMCAST CORP$218,430
REGENERON PHARMACEUTICALS INC$196,648
MONSTER BEVERAGE CORP$163,525
ACTIVISION BLIZZARD INC$160,628
DELTA AIR LINES INC$138,208
MERCADOLIBRE INC$115,368
COSTCO WHOLESALE CORP$110,957
DENTSPLY SIRONA INC$93,045
AMERIPRISE FINANCIAL INC$86,928
CHARTER COMMUNICATIONS INC$79,558
HENRY SCHEIN INC$72,155
RAYTHEON CO$68,708
TEXTRON INC$58,956
WALT DISNEY CO/THE$43,972
EI DU PONT DE NEMOURS & CO$41,105
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 1.25% 06/30/2019$53,951,845
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/2018$30,603,896
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$28,183,501
UNITED STATES TREASURY NOTE/BOND 1.25% 04/30/2019$23,315,792
UNITED STATES TREASURY NOTE/BOND 1.375% 01/15/2020$10,072,946
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$7,680,849
BPCE SA 2.082% 05/31/2022$6,503,491
DOMINO'S PIZZA MASTER ISSUER LLC 0% 07/25/2047$6,441,861
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-4 4% 05/25/2057$6,087,588
EVERGREEN CREDIT CARD TRUST SERIES 2016-1 1.424% 04/15/2020$6,024,333
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.974% 10/25/2029$5,979,983
NISSAN MASTER OWNER TRUST RECEIVABLES 1.54% 06/15/2021$5,974,809
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-3 4% 04/25/2057$5,685,514
WESTPAC BANKING CORP 2.25% 01/17/2019$5,292,898
COMMONBOND STUDENT LOAN TRUST 2017-A-GS 1.926% 05/25/2041$5,044,916
BMW VEHICLE LEASE TRUST 1.98% 05/20/2020$4,949,630
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$4,781,236
AMERICAN EXPRESS CREDIT CORP 2.125% 03/18/2019$4,730,616
ABN AMRO BANK NV 2.1% 01/18/2019$4,679,145
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$4,659,634
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.606% 04/25/2028$4,588,620
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.127% 09/25/2029$4,352,622
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.042% 01/25/2029$4,295,221
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.186% 10/25/2029$4,267,402
VERIZON COMMUNICATIONS INC 2.137% 03/16/2022$4,046,259
FIRST INVESTORS AUTO OWNER TRUST 2017-2 1.86% 10/15/2021$4,039,784
VERIZON COMMUNICATIONS INC 1.722% 05/22/2020$3,950,228
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2.25% 01/10/2020$3,810,401
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$3,801,304
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.5% 02/28/2020$3,718,371
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$3,631,043
KINDER MORGAN FINANCE CO LLC 6% 01/15/2018$3,564,145
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$3,472,546
HYUNDAI CAPITAL AMERICA 2.55% 02/06/2019$3,396,860
ROYAL BANK OF SCOTLAND GROUP PLC 2.652% 05/15/2023$3,389,278
MORGAN STANLEY 2.21% 01/20/2022$3,354,800
SABINE PASS LIQUEFACTION LLC 5.625% 02/01/2021$3,353,102
BANK OF MONTREAL 2.1% 12/12/2019$3,348,009
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$3,339,309
BECTON DICKINSON AND CO 0% 06/06/2022$3,333,534
INTERNATIONAL LEASE FINANCE CORP 6.25% 05/15/2019$3,325,482
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2% 01/14/2019$3,267,482
ATHENE GLOBAL FUNDING 0% 07/01/2022$3,238,595
NISSAN MOTOR ACCEPTANCE CORP 1.961% 03/08/2019$3,236,234
JPMORGAN CHASE & CO 6.3% 04/23/2019$3,226,527
UBS GROUP FUNDING SWITZERLAND AG 2.376% 05/23/2023$3,216,729
WESTPAC BANKING CORP 2.15% 03/06/2020$3,202,247
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$3,173,053
CAPITAL ONE FINANCIAL CORP 2.056% 03/09/2022$3,137,130
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$3,131,307
BOSTON PROPERTIES LP 3.7% 11/15/2018$3,087,719
CELGENE CORP 2.875% 08/15/2020$3,079,869
BANK OF AMERICA CORP 2.153% 04/24/2023$3,072,426
ING BANK NV 1.686% 08/17/2018$3,069,602
DAIMLER FINANCE NORTH AMERICA LLC 2.3% 01/06/2020$3,038,467
FORD MOTOR CREDIT CO LLC 2.597% 11/04/2019$3,028,776
MYLAN NV 2.5% 06/07/2019$3,026,286
WELLS FARGO BANK NA 1.8% 11/28/2018$3,006,330
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 3.21% 01/17/2023$3,004,698
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 2.92% 10/17/2022$3,001,232
PHILIP MORRIS INTERNATIONAL INC 1.625% 02/21/2019$2,995,183
ABN AMRO BANK NV 1.8% 09/20/2019$2,991,090
BANK OF AMERICA CORP 2.65% 04/01/2019$2,987,577
CAPITAL ONE NA/MCLEAN VA 1.85% 09/13/2019$2,984,814
FORD CREDIT AUTO OWNER TRUST 2016-C 1.22% 03/15/2021$2,979,830
TOYOTA MOTOR CREDIT CORP 1.7% 01/09/2019$2,966,305
SINOPEC GROUP OVERSEAS DEVELOPMENT 2017 LTD 2.375% 04/12/2020$2,963,833
CITIGROUP INC 2.45% 01/10/2020$2,948,847
PRINCIPAL LIFE GLOBAL FUNDING II 2.15% 01/10/2020$2,930,611
ARES CAPITAL CORP 4.875% 11/30/2018$2,897,064
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$2,816,443
MACQUARIE BANK LTD 2.35% 01/15/2019$2,814,420
MORGAN STANLEY 2.243% 07/22/2022$2,809,867
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$2,761,854
GENERAL MOTORS FINANCIAL CO INC 3.5% 07/10/2019$2,735,591
CITIBANK NA 2% 03/20/2019$2,730,283
TIME WARNER CABLE INC 6.75% 07/01/2018$2,714,592
SUMITOMO MITSUI BANKING CORP 1.966% 01/11/2019$2,690,346
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.895% 11/25/2029$2,686,133
TOYOTA MOTOR CREDIT CORP 2.1% 01/17/2019$2,683,703
DOW CHEMICAL CO/THE 8.55% 05/15/2019$2,681,659
JPMORGAN CHASE & CO 1% 06/01/2021$2,673,880
BECTON DICKINSON AND CO 2.133% 06/06/2019$2,673,661
BANQUE FEDERATIVE DU CREDIT MUTUEL SA 2.2% 07/20/2020$2,622,288
METROPOLITAN LIFE GLOBAL FUNDING I 1.75% 12/19/2018$2,599,717
VALERO ENERGY CORP 9.375% 03/15/2019$2,569,342
MORGAN STANLEY 5.5% 01/26/2020$2,547,869
MIZUHO FINANCIAL GROUP INC 1.994% 02/28/2022$2,522,124
REPUBLIC SERVICES INC 3.8% 05/15/2018$2,518,330
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,498,783
CITIGROUP INC 2.4% 02/18/2020$2,491,988
JP MORGAN MORTGAGE TRUST 2017-1 3.5% 01/25/2047$2,436,400
ANZ NEW ZEALAND INT'L LTD/LONDON 2.6% 09/23/2019$2,431,078
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$2,402,864
GOLDMAN SACHS GROUP INC/THE 2.3% 12/13/2019$2,324,574
AMERICAN EXPRESS CREDIT CORP 2.2% 03/03/2020$2,314,576
WELLS FARGO & CO 1.964% 02/11/2022$2,313,622
JPMORGAN CHASE BANK NA 1.588% 09/23/2019$2,265,912
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.184% 12/25/2027$2,246,490
AMGEN INC 1.9% 05/10/2019$2,223,674
BPCE SA 2.25% 01/27/2020$2,213,489
AIR LIQUIDE FINANCE SA 1.375% 09/27/2019$2,177,637
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$2,159,284
ASCIANO FINANCE LTD 5% 04/07/2018$2,157,558
PHILIP MORRIS INTERNATIONAL INC 1.875% 01/15/2019$2,146,245
ROYAL BANK OF CANADA 2.15% 03/15/2019$2,116,464
DTE ENERGY CO 1.5% 10/01/2019$2,101,824
ICICI BANK LTD/HONG KONG 5.75% 11/16/2020$2,095,709
CREDIT AGRICOLE SA/LONDON 3.375% 01/10/2022$2,093,654
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$2,032,400
ANHEUSER-BUSCH INBEV WORLDWIDE INC 5.375% 01/15/2020$2,030,280
FIFTH THIRD BANK/CINCINNATI OH 2.375% 04/25/2019$2,022,036
SYNCHRONY FINANCIAL 2.6% 01/15/2019$2,015,826
DANSKE BANK A/S 1.526% 09/06/2019$2,012,258
CATERPILLAR FINANCIAL SERVICES CORP 1.9% 03/22/2019$2,010,759
INVITATION HOMES 2014-SFR2 TRUST 2.372% 09/17/2031$2,001,665
BANK OF AMERICA CORP 2.369% 07/21/2021$1,977,443
PNC BANK NA 1.7% 12/07/2018$1,940,755
21ST CENTURY FOX AMERICA INC 7.25% 05/18/2018$1,930,172
SUMITOMO MITSUI TRUST BANK LTD 2.05% 03/06/2019$1,904,454
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$1,896,734
SUNCORP-METWAY LTD 2.1% 05/03/2019$1,862,352
FORD MOTOR CREDIT CO LLC 2.681% 01/09/2020$1,836,437
JC PENNEY CORP INC 5.65% 06/01/2020$1,824,750
UBS AG/LONDON 2.2% 06/08/2020$1,805,596
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2017-2 1.98% 12/20/2021$1,743,244
ATHENE GLOBAL FUNDING 2.75% 04/20/2020$1,740,383
VIETNAM GOVERNMENT INTERNATIONAL BOND 6.75% 01/29/2020$1,736,617
ERAC USA FINANCE LLC 6.375% 10/15/2017$1,736,211
HYUNDAI CAPITAL SERVICES INC 3% 03/06/2022$1,726,435
HESS CORP 8.125% 02/15/2019$1,716,707
LENNAR CORP 4.125% 01/15/2022$1,673,654
ENTERPRISE FLEET FINANCING LLC 1.97% 01/20/2023$1,670,397
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$1,666,149
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2017-1 2.7% 10/17/2022$1,616,410
SANTANDER HOLDINGS USA INC 3.7% 03/28/2022$1,616,310
TEVA PHARMACEUTICAL FINANCE IV LLC 2.25% 03/18/2020$1,599,424
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,590,558
PHILIP MORRIS INTERNATIONAL INC 2% 02/21/2020$1,588,214
BANK OF AMERICA CORP 6.875% 11/15/2018$1,568,771
COMMONWEALTH BANK OF AUSTRALIA 5% 03/19/2020$1,558,989
MOLSON COORS BREWING CO 1.9% 03/15/2019$1,545,406
ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 4.25% 09/15/2022$1,545,000
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 4.5% 10/01/2020$1,522,500
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,519,559
FONDO MIVIVIENDA SA 3.5% 01/31/2023$1,508,860
HYUNDAI CAPITAL AMERICA 2.55% 04/03/2020$1,504,149
21ST CENTURY FOX AMERICA INC 6.9% 03/01/2019$1,502,654
LIQUID TELECOMMUNICATIONS FINANCING PLC 8.5% 07/13/2022$1,494,812
AUTOZONE INC 1.625% 04/21/2019$1,483,665
NAVIENT CORP 5.5% 01/15/2019$1,457,750
SHERWIN-WILLIAMS CO/THE 2.25% 05/15/2020$1,449,556
NBCUNIVERSAL ENTERPRISE INC 1.974% 04/15/2019$1,436,877
MGM RESORTS INTERNATIONAL 5.25% 03/31/2020$1,435,725
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$1,423,778
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP 4.125% 11/15/2019$1,422,750
PULTEGROUP INC 4.25% 03/01/2021$1,417,161
GENERAL MOTORS FINANCIAL CO INC 2.65% 04/13/2020$1,415,306
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 1.658% 09/23/2019$1,409,474
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$1,398,210
VULCAN MATERIALS CO 1.846% 06/15/2020$1,384,774
NOKIA OYJ 3.375% 06/12/2022$1,379,543
ING GROEP NV 2.302% 03/29/2022$1,371,561
PERUSAHAAN PENERBIT SBSN INDONESIA III 3.4% 03/29/2022$1,361,775
FORD MOTOR CREDIT CO LLC 2.738% 03/28/2022$1,360,572
DAIWA SECURITIES GROUP INC 3.129% 04/19/2022$1,341,434
TAKEDA PHARMACEUTICAL CO LTD 2.45% 01/18/2022$1,292,028
SLM CORP 5.125% 04/05/2022$1,291,500
BANK OF AMERICA CORP 6.5% 07/15/2018$1,289,451
ORANGE SA 2.75% 02/06/2019$1,268,090
BPCE SA 2.392% 05/22/2022$1,267,278
ALLY AUTO RECEIVABLES TRUST 2016-1 1.73% 11/16/2020$1,250,682
DAIMLER FINANCE NORTH AMERICA LLC 1.5% 07/05/2019$1,240,982
CARDINAL HEALTH INC 1.948% 06/14/2019$1,235,640
SENEGAL GOVERNMENT INTERNATIONAL BOND 8.75% 05/13/2021$1,230,465
PHILLIPS 66 1.906% 04/15/2020$1,227,563
CHEVRON CORP 1.686% 02/28/2019$1,218,458
FORD MOTOR CREDIT CO LLC 2.375% 03/12/2019$1,163,498
ABBOTT LABORATORIES 2.35% 11/22/2019$1,162,840
SMBC AVIATION CAPITAL FINANCE DAC 3% 07/15/2022$1,130,444
SEAGATE HDD CAYMAN 4.25% 03/01/2022$1,118,808
HUNTINGTON NATIONAL BANK/THE 2.375% 03/10/2020$1,094,594
MIZUHO BANK LTD 2.4% 03/26/2020$1,093,076
DELTA AIR LINES INC 2.875% 03/13/2020$1,059,687
ASTORIA FINANCIAL CORP 3.5% 06/08/2020$1,035,194
MCLAREN FINANCE PLC 5.75% 08/01/2022$1,028,500
QUALCOMM INC 1.85% 05/20/2019$1,014,547
CENTURYLINK INC 6.45% 06/15/2021$1,014,185
KINDER MORGAN ENERGY PARTNERS LP 2.65% 02/01/2019$1,009,143
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$993,832
DOMINION ENERGY INC 1.771% 06/01/2019$988,320
ENSTAR GROUP LTD 4.5% 03/10/2022$907,078
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$900,958
CITIZENS BANK NA/PROVIDENCE RI 2.25% 03/02/2020$888,664
ANHEUSER-BUSCH INBEV WORLDWIDE INC 2.2% 08/01/2018$854,845
MARTIN MARIETTA MATERIALS INC 1.822% 05/22/2020$847,639
ASTON MARTIN CAPITAL HOLDINGS LTD 6.5% 04/15/2022$845,438
AMERICAN EXPRESS CREDIT CORP 1.875% 05/03/2019$837,397
FORD MOTOR CREDIT CO LLC 2.262% 03/28/2019$818,008
MOODY'S CORP 2.75% 12/15/2021$809,655
NATIONAL AUSTRALIA BANK LTD 2.25% 07/01/2019$806,412
EI DU PONT DE NEMOURS & CO 2.2% 05/01/2020$781,912
CITIZENS BANK NA/PROVIDENCE RI 2.2% 05/26/2020$776,448
SMITHFIELD FOODS INC 2.7% 01/31/2020$760,557
ANZ NEW ZEALAND INT'L LTD/LONDON 2.2% 07/17/2020$722,614
DOMINION ENERGY INC 2.579% 07/01/2020$717,182
LENNAR CORP 4.5% 04/30/2024$708,900
WM WRIGLEY JR CO 2.4% 10/21/2018$704,947
ONEOK INC 4.25% 02/01/2022$692,589
CBOE HOLDINGS INC 1.95% 06/28/2019$685,564
TTX CO 2.25% 02/01/2019$676,551
ROGERS COMMUNICATIONS INC 6.8% 08/15/2018$652,925
RYDER SYSTEM INC 2.45% 11/15/2018$614,246
ANADARKO PETROLEUM CORP 8.7% 03/15/2019$606,555
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$601,719
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$598,850
ING BANK NV 2.05% 08/17/2018$596,858
RYDER SYSTEM INC 2.35% 02/26/2019$554,167
CATERPILLAR FINANCIAL SERVICES CORP 7.15% 02/15/2019$541,900
NAVIENT CORP 6.5% 06/15/2022$533,125
NISSAN MOTOR ACCEPTANCE CORP 1.477% 09/13/2019$502,470
DAIMLER FINANCE NORTH AMERICA LLC 2.2% 05/05/2020$496,721
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5% 04/15/2018$469,069
DXC TECHNOLOGY CO 2.875% 03/27/2020$440,726
B&G FOODS INC 4.625% 06/01/2021$328,400
PETRO-CANADA 6.05% 05/15/2018$289,165
NEWELL BRANDS INC 2.6% 03/29/2019$264,160
GOLDMAN SACHS GROUP INC/THE 1.65% 12/15/2017$250,643
TECH DATA CORP 3.7% 02/15/2022$235,330
CONOCOPHILLIPS 5.75% 02/01/2019$150,327
FOREST LABORATORIES LLC 4.375% 02/01/2019$62,870
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$25,662,892
BLACKROCK TEMP FUND$25,662,892
 
Other
Holding NameMarket Value
S&P 500 FUTURE EQUITY INDEX SEP17 (SPU7) INDEX$9,694,495
HONG KONG DOLLAR$17,962
EURO$5,551
US 2YR NOTE (CBT) BOND SEP17 (TUU7) COMDTY$490
BRITISH POUND$21
US 5YR NOTE (CBT) BOND SEP17 (FVU7) COMDTY$-8,220
CURRENCY CONTRACT$-123,463
USD$-6,192,297
USD$-10,716,208
All Holdings As of Jun 30, 2017
Equity
Holding NameMarket Value
AMAZON.COM INC$37,752,000
JPMORGAN CHASE & CO$31,831,330
CITIGROUP INC$27,913,839
FACEBOOK INC$23,643,468
WELLS FARGO & CO$21,860,298
CHEVRON CORP$21,669,863
PRICELINE GROUP INC/THE$20,701,045
CISCO SYSTEMS INC$20,350,415
ALPHABET INC$19,586,766
ALLERGAN PLC$17,044,255
BANK OF AMERICA CORP$16,880,351
INTEL CORP$16,624,069
MICROSOFT CORP$16,288,159
QUALCOMM INC$14,995,433
XL GROUP LTD$14,510,765
BRITISH AMERICAN TOBACCO PLC$14,346,039
PHILIP MORRIS INTERNATIONAL INC$14,256,668
VISA INC$14,207,670
ALIBABA GROUP HOLDING LTD$13,884,004
MERCK & CO INC$13,497,931
UNION PACIFIC CORP$13,391,247
HILTON WORLDWIDE HOLDINGS INC$13,058,514
VERTEX PHARMACEUTICALS INC$12,997,055
COGNIZANT TECHNOLOGY SOLUTIONS CORP$12,166,937
PRINCIPAL FINANCIAL GROUP INC$12,110,960
PULTEGROUP INC$12,028,752
MASTERCARD INC$11,804,940
NORWEGIAN CRUISE LINE HOLDINGS LTD$11,781,581
INVESCO LTD$11,698,528
BRISTOL-MYERS SQUIBB CO$11,654,785
UNITEDHEALTH GROUP INC$11,607,292
PNC FINANCIAL SERVICES GROUP INC/THE$11,349,809
UNILEVER NV$11,330,350
HALLIBURTON CO$11,030,327
UNITED TECHNOLOGIES CORP$10,989,045
ALPHABET INC$10,877,256
SEMPRA ENERGY$10,715,422
FORTUNE BRANDS HOME & SECURITY INC$10,657,150
MEDTRONIC PLC$10,628,878
ASTRAZENECA PLC$10,602,433
ROCHE HOLDING AG$10,557,918
ROYAL DUTCH SHELL PLC$10,519,043
M&T BANK CORP$10,477,031
INTERNATIONAL PAPER CO$10,448,168
INGERSOLL-RAND PLC$10,391,226
NOKIA OYJ$10,374,426
LIBERTY INTERACTIVE CORP QVC GROUP$10,307,978
DOW CHEMICAL CO/THE$10,306,269
VIACOM INC$10,179,297
EOG RESOURCES INC$9,937,919
MORGAN STANLEY$9,927,968
ING GROEP NV$9,807,421
EATON CORP PLC$9,796,540
MARSH & MCLENNAN COS INC$9,534,664
FEDEX CORP$9,407,346
PIONEER NATURAL RESOURCES CO$8,829,083
PARK HOTELS & RESORTS INC$8,827,378
TENCENT HOLDINGS LTD$8,685,328
EDISON INTERNATIONAL$8,512,936
SYNCHRONY FINANCIAL$8,357,741
CATERPILLAR INC$8,278,611
CHUBB LTD$8,203,503
DOMINION RESOURCES INC/VA$8,099,944
AMGEN INC$7,920,341
L BRANDS INC$7,900,274
AMERICAN TOWER CORP$7,873,040
BOEING CO/THE$7,771,575
NASDAQ OMX GROUP INC/THE$7,756,665
SALESFORCE.COM INC$7,742,040
BLACKROCK INC$7,730,525
XCEL ENERGY INC$7,633,927
THOMSON REUTERS CORP$7,382,792
AMERICAN AIRLINES GROUP INC$7,276,272
APPLE INC$7,244,206
MARATHON OIL CORP$7,065,977
MONDELEZ INTERNATIONAL INC$6,995,873
AGRIUM INC$6,777,158
INTUITIVE SURGICAL INC$6,734,664
DANAHER CORP$6,709,005
STRYKER CORP$6,342,246
SERVICENOW INC$6,232,800
SIGNET JEWELERS LTD$6,200,935
SCHNEIDER NATIONAL INC$5,930,287
TD AMERITRADE HOLDING CORP$5,915,424
HOME DEPOT INC/THE$5,829,200
NIELSEN HOLDINGS PLC$5,764,206
INTERCONTINENTAL EXCHANGE INC$5,748,224
BECTON DICKINSON AND CO$5,662,092
ALEXION PHARMACEUTICALS INC$4,884,685
FISERV INC$4,820,196
THERMO FISHER SCIENTIFIC INC$4,722,379
CELGENE CORP$4,714,281
PAYPAL HOLDINGS INC$4,647,822
NETAPP INC$4,597,740
STATE STREET CORP$4,558,284
TESLA MOTORS INC$4,547,246
BROADCOM LTD$4,521,170
HUMANA INC$4,403,346
NETFLIX INC$4,392,654
AETNA INC$4,232,565
TRIUMPH GROUP INC$4,187,095
ALASKA AIR GROUP INC$4,030,224
CIGNA CORP$3,866,709
FORTIVE CORP$3,579,275
BRIXMOR PROPERTY GROUP INC$3,463,356
MARRIOTT INTERNATIONAL INC/MD$3,327,383
BIOGEN INC$3,310,592
RED HAT INC$3,244,106
YUM! BRANDS INC$3,208,560
ELECTRONIC ARTS INC$3,118,740
WALGREENS BOOTS ALLIANCE INC$2,842,653
INTUIT INC$2,656,200
CTRIP.COM INTERNATIONAL LTD$2,622,982
O'REILLY AUTOMOTIVE INC$2,590,757
CHARLES SCHWAB CORP/THE$2,556,120
ROPER TECHNOLOGIES INC$2,431,065
STARBUCKS CORP$2,419,865
ROYAL CARIBBEAN CRUISES LTD$2,397,052
FIDELITY NATIONAL INFORMATION SERVICES INC$2,365,580
ROSS STORES INC$2,355,384
SOUTHWESTERN ENERGY CO$2,200,778
WORKDAY INC$2,182,500
HONEYWELL INTERNATIONAL INC$2,039,337
FIRST REPUBLIC BANK/CA$2,016,915
WILLIS TOWERS WATSON PLC$2,004,439
MGM RESORTS INTERNATIONAL$1,877,400
UNITED CONTINENTAL HOLDINGS INC$1,821,050
CITIZENS FINANCIAL GROUP INC$1,505,696
EQUINIX INC$1,450,132
EQUIFAX INC$1,442,910
DELPHI AUTOMOTIVE PLC$1,358,575
MICROCHIP TECHNOLOGY INC$1,350,650
BALL CORP$1,302,685
SHERWIN-WILLIAMS CO/THE$1,228,360
LOWE'S COS INC$1,203,963
FERRARI NV$1,152,668
GLOBAL PAYMENTS INC$1,074,808
CANADIAN PACIFIC RAILWAY LTD$1,045,265
MCDONALD'S CORP$1,010,856
NEXTERA ENERGY INC$1,008,936
IHS MARKIT LTD$961,878
COACH INC$961,002
NORTHROP GRUMMAN CORP$924,156
CONSTELLATION BRANDS INC$891,158
ZOETIS INC$879,558
AUTOZONE INC$855,690
KLA-TENCOR CORP$823,590
PROGRESSIVE CORP/THE$811,256
DOLLAR GENERAL CORP$807,408
S&P GLOBAL INC$759,148
CME GROUP INC$676,296
ANALOG DEVICES INC$583,500
FLEETCOR TECHNOLOGIES INC$562,419
STANLEY BLACK & DECKER INC$478,482
ROCKWELL COLLINS INC$451,844
CSX CORP$431,024
BANK OF NEW YORK MELLON CORP/THE$352,038
SHIRE PLC$241,955
SBA COMMUNICATIONS CORP$229,330
HARRIS CORP$218,160
AGILENT TECHNOLOGIES INC$213,516
WABTEC CORP/DE$210,450
COMCAST CORP$210,168
DOMINO'S PIZZA INC$206,453
ILLUMINA INC$180,634
REGENERON PHARMACEUTICALS INC$147,342
MONSTER BEVERAGE CORP$129,168
DENTSPLY SIRONA INC$97,260
SNAP INC$83,519
AMERIPRISE FINANCIAL INC$76,374
HENRY SCHEIN INC$72,476
CHARTER COMMUNICATIONS INC$68,381
GOLDMAN SACHS GROUP INC/THE$66,570
RAYTHEON CO$64,592
JOHNSON CONTROLS INTERNATIONAL PLC$48,563
COSTCO WHOLESALE CORP$47,979
DELTA AIR LINES INC$42,992
TEXTRON INC$42,390
ACTIVISION BLIZZARD INC$40,299
VANTIV INC$38,004
PPG INDUSTRIES INC$32,988
EI DU PONT DE NEMOURS & CO$32,284
WALT DISNEY CO/THE$31,875
MERCADOLIBRE INC$30,356
GENERAL DYNAMICS CORP$19,810
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 1.125% 02/28/2019$44,635,494
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/2018$30,565,396
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$28,845,138
UNITED STATES TREASURY NOTE/BOND 1.25% 04/30/2019$23,295,268
UNITED STATES TREASURY NOTE/BOND 1.125% 01/31/2019$13,024,307
UNITED STATES TREASURY NOTE/BOND 1.375% 01/15/2020$10,057,975
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$7,675,520
BPCE SA 2.082% 05/31/2022$6,503,465
DOMINO'S PIZZA MASTER ISSUER LLC 0% 07/25/2047$6,459,034
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-4 4% 05/25/2057$6,206,445
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.974% 10/25/2029$6,094,558
EVERGREEN CREDIT CARD TRUST SERIES 2016-1 1.424% 04/15/2020$6,027,403
NISSAN MASTER OWNER TRUST RECEIVABLES 1.54% 06/15/2021$5,969,193
NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-3 4% 04/25/2057$5,622,925
WESTPAC BANKING CORP 2.25% 01/17/2019$5,277,631
COMMONBOND STUDENT LOAN TRUST 2017-A-GS 1.926% 05/25/2041$5,044,412
BMW VEHICLE LEASE TRUST 1.98% 05/20/2020$4,948,497
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$4,759,804
AMERICAN EXPRESS CREDIT CORP 2.125% 03/18/2019$4,723,712
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.606% 04/25/2028$4,715,046
ABN AMRO BANK NV 2.1% 01/18/2019$4,666,931
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$4,649,865
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.127% 09/25/2029$4,404,665
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.042% 01/25/2029$4,315,168
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.186% 10/25/2029$4,284,495
VERIZON COMMUNICATIONS INC 2.137% 03/16/2022$4,039,540
VERIZON COMMUNICATIONS INC 1.722% 05/22/2020$3,944,610
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$3,800,209
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2.25% 01/10/2020$3,797,998
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.5% 02/28/2020$3,711,693
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$3,625,844
KINDER MORGAN FINANCE CO LLC 6% 01/15/2018$3,573,143
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$3,466,853
HYUNDAI CAPITAL AMERICA 2.55% 02/06/2019$3,390,977
ROYAL BANK OF SCOTLAND GROUP PLC 2.652% 05/15/2023$3,384,477
MORGAN STANLEY 2.21% 01/20/2022$3,354,923
SABINE PASS LIQUEFACTION LLC 5.625% 02/01/2021$3,345,861
BANK OF MONTREAL 2.1% 12/12/2019$3,338,288
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$3,328,734
INTERNATIONAL LEASE FINANCE CORP 6.25% 05/15/2019$3,326,480
BECTON DICKINSON AND CO 0% 06/06/2022$3,319,851
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2% 01/14/2019$3,257,244
ATHENE GLOBAL FUNDING 0% 07/01/2022$3,234,107
NISSAN MOTOR ACCEPTANCE CORP 1.961% 03/08/2019$3,232,816
JPMORGAN CHASE & CO 6.3% 04/23/2019$3,229,638
UBS GROUP FUNDING SWITZERLAND AG 2.376% 05/23/2023$3,215,105
WESTPAC BANKING CORP 2.15% 03/06/2020$3,192,466
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$3,155,741
CAPITAL ONE FINANCIAL CORP 2.056% 03/09/2022$3,125,859
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$3,117,884
BOSTON PROPERTIES LP 3.7% 11/15/2018$3,087,764
CELGENE CORP 2.875% 08/15/2020$3,070,011
ING BANK NV 1.686% 08/17/2018$3,068,681
BANK OF AMERICA CORP 2.153% 04/24/2023$3,068,301
DAIMLER FINANCE NORTH AMERICA LLC 2.3% 01/06/2020$3,030,757
MYLAN NV 2.5% 06/07/2019$3,025,380
FORD MOTOR CREDIT CO LLC 2.597% 11/04/2019$3,021,639
WELLS FARGO BANK NA 1.8% 11/28/2018$3,006,699
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 3.21% 01/17/2023$3,000,088
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 2.92% 10/17/2022$2,996,853
BANK OF AMERICA CORP 2.65% 04/01/2019$2,986,789
PHILIP MORRIS INTERNATIONAL INC 1.625% 02/21/2019$2,986,306
ABN AMRO BANK NV 1.8% 09/20/2019$2,984,814
FORD CREDIT AUTO OWNER TRUST 2016-C 1.22% 03/15/2021$2,976,917
CAPITAL ONE NA/MCLEAN VA 1.85% 09/13/2019$2,976,216
TOYOTA MOTOR CREDIT CORP 1.7% 01/09/2019$2,962,116
SINOPEC GROUP OVERSEAS DEVELOPMENT 2017 LTD 2.375% 04/12/2020$2,957,683
CITIGROUP INC 2.45% 01/10/2020$2,939,281
PRINCIPAL LIFE GLOBAL FUNDING II 2.15% 01/10/2020$2,924,374
ARES CAPITAL CORP 4.875% 11/30/2018$2,894,772
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$2,815,577
MACQUARIE BANK LTD 2.35% 01/15/2019$2,810,976
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$2,754,848
BB&T CORP 2.05% 06/19/2018$2,736,036
GENERAL MOTORS FINANCIAL CO INC 3.5% 07/10/2019$2,733,386
CITIBANK NA 2% 03/20/2019$2,725,787
TIME WARNER CABLE INC 6.75% 07/01/2018$2,720,793
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.895% 11/25/2029$2,705,015
DOW CHEMICAL CO/THE 8.55% 05/15/2019$2,689,265
SUMITOMO MITSUI BANKING CORP 1.966% 01/11/2019$2,688,268
TOYOTA MOTOR CREDIT CORP 2.1% 01/17/2019$2,676,950
JPMORGAN CHASE & CO 1% 06/01/2021$2,670,162
BECTON DICKINSON AND CO 2.133% 06/06/2019$2,666,287
METROPOLITAN LIFE GLOBAL FUNDING I 1.75% 12/19/2018$2,597,252
VALERO ENERGY CORP 9.375% 03/15/2019$2,574,882
MORGAN STANLEY 5.5% 01/26/2020$2,545,067
REPUBLIC SERVICES INC 3.8% 05/15/2018$2,519,273
MIZUHO FINANCIAL GROUP INC 1.994% 02/28/2022$2,518,447
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,489,733
CITIGROUP INC 2.4% 02/18/2020$2,484,850
JP MORGAN MORTGAGE TRUST 2017-1 3.5% 01/25/2047$2,449,549
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.184% 12/25/2027$2,429,787
ANZ NEW ZEALAND INT'L LTD/LONDON 2.6% 09/23/2019$2,419,018
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$2,404,475
GOLDMAN SACHS GROUP INC/THE 2.3% 12/13/2019$2,317,628
WELLS FARGO & CO 1.964% 02/11/2022$2,315,614
AMERICAN EXPRESS CREDIT CORP 2.2% 03/03/2020$2,306,783
JPMORGAN CHASE BANK NA 1.588% 09/23/2019$2,266,855
AMGEN INC 1.9% 05/10/2019$2,218,077
BPCE SA 2.25% 01/27/2020$2,208,674
AIR LIQUIDE FINANCE SA 1.375% 09/27/2019$2,171,981
ASCIANO FINANCE LTD 5% 04/07/2018$2,159,072
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$2,154,417
PHILIP MORRIS INTERNATIONAL INC 1.875% 01/15/2019$2,143,732
ROYAL BANK OF CANADA 2.15% 03/15/2019$2,114,897
DTE ENERGY CO 1.5% 10/01/2019$2,099,266
CREDIT AGRICOLE SA/LONDON 3.375% 01/10/2022$2,096,743
ICICI BANK LTD/HONG KONG 5.75% 11/16/2020$2,094,054
ANHEUSER-BUSCH INBEV WORLDWIDE INC 5.375% 01/15/2020$2,027,081
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$2,013,828
SYNCHRONY FINANCIAL 2.6% 01/15/2019$2,011,388
CATERPILLAR FINANCIAL SERVICES CORP 1.9% 03/22/2019$2,009,038
DANSKE BANK A/S 1.526% 09/06/2019$2,008,138
INVITATION HOMES 2014-SFR2 TRUST 2.372% 09/17/2031$2,001,711
PNC BANK NA 1.7% 12/07/2018$1,940,159
21ST CENTURY FOX AMERICA INC 7.25% 05/18/2018$1,936,193
SUMITOMO MITSUI TRUST BANK LTD 2.05% 03/06/2019$1,900,450
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$1,888,994
SUNCORP-METWAY LTD 2.1% 05/03/2019$1,861,214
FORD MOTOR CREDIT CO LLC 2.681% 01/09/2020$1,828,297
UBS AG/LONDON 2.2% 06/08/2020$1,797,579
JC PENNEY CORP INC 5.65% 06/01/2020$1,777,500
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2017-2 1.98% 12/20/2021$1,742,476
ERAC USA FINANCE LLC 6.375% 10/15/2017$1,742,370
VIETNAM GOVERNMENT INTERNATIONAL BOND 6.75% 01/29/2020$1,736,631
ATHENE GLOBAL FUNDING 2.75% 04/20/2020$1,734,477
HESS CORP 8.125% 02/15/2019$1,721,193
HYUNDAI CAPITAL SERVICES INC 3% 03/06/2022$1,720,060
LENNAR CORP 4.125% 01/15/2022$1,680,750
ENTERPRISE FLEET FINANCING LLC 1.97% 01/20/2023$1,670,820
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$1,664,183
CITIGROUP INC 1.7% 04/27/2018$1,648,677
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2017-1 2.7% 10/17/2022$1,615,774
SANTANDER HOLDINGS USA INC 3.7% 03/28/2022$1,612,257
TEVA PHARMACEUTICAL FINANCE IV LLC 2.25% 03/18/2020$1,591,448
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,589,298
PHILIP MORRIS INTERNATIONAL INC 2% 02/21/2020$1,583,977
BANK OF AMERICA CORP 6.875% 11/15/2018$1,573,003
COMMONWEALTH BANK OF AUSTRALIA 5% 03/19/2020$1,556,701
MOLSON COORS BREWING CO 1.9% 03/15/2019$1,543,517
ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 4.25% 09/15/2022$1,543,500
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 4.5% 10/01/2020$1,526,670
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,514,339
21ST CENTURY FOX AMERICA INC 6.9% 03/01/2019$1,504,965
FONDO MIVIVIENDA SA 3.5% 01/31/2023$1,501,460
HYUNDAI CAPITAL AMERICA 2.55% 04/03/2020$1,497,233
AUTOZONE INC 1.625% 04/21/2019$1,481,464
NAVIENT CORP 5.5% 01/15/2019$1,461,250
SHERWIN-WILLIAMS CO/THE 2.25% 05/15/2020$1,444,215
NBCUNIVERSAL ENTERPRISE INC 1.974% 04/15/2019$1,435,363
MGM RESORTS INTERNATIONAL 5.25% 03/31/2020$1,432,688
PULTEGROUP INC 4.25% 03/01/2021$1,423,290
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP 4.125% 11/15/2019$1,422,750
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$1,417,775
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 1.658% 09/23/2019$1,412,089
GENERAL MOTORS FINANCIAL CO INC 2.65% 04/13/2020$1,407,442
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$1,400,300
VULCAN MATERIALS CO 1.846% 06/15/2020$1,385,503
NOKIA OYJ 3.375% 06/12/2022$1,373,736
ING GROEP NV 2.302% 03/29/2022$1,373,185
FORD MOTOR CREDIT CO LLC 2.738% 03/28/2022$1,359,823
PERUSAHAAN PENERBIT SBSN INDONESIA III 3.4% 03/29/2022$1,355,075
DAIWA SECURITIES GROUP INC 3.129% 04/19/2022$1,335,678
BANK OF AMERICA CORP 6.5% 07/15/2018$1,291,764
SLM CORP 5.125% 04/05/2022$1,288,350
ORANGE SA 2.75% 02/06/2019$1,266,344
BPCE SA 2.392% 05/22/2022$1,261,969
ALLY AUTO RECEIVABLES TRUST 2016-1 1.73% 11/16/2020$1,250,145
DAIMLER FINANCE NORTH AMERICA LLC 1.5% 07/05/2019$1,239,452
CARDINAL HEALTH INC 1.948% 06/14/2019$1,231,804
PHILLIPS 66 1.906% 04/15/2020$1,227,606
SENEGAL GOVERNMENT INTERNATIONAL BOND 8.75% 05/13/2021$1,224,289
CHEVRON CORP 1.686% 02/28/2019$1,216,143
FORD MOTOR CREDIT CO LLC 2.375% 03/12/2019$1,161,713
ABBOTT LABORATORIES 2.35% 11/22/2019$1,159,314
SEAGATE HDD CAYMAN 4.25% 03/01/2022$1,139,630
MIZUHO BANK LTD 2.4% 03/26/2020$1,091,421
HUNTINGTON NATIONAL BANK/THE 2.375% 03/10/2020$1,089,535
DELTA AIR LINES INC 2.875% 03/13/2020$1,054,277
ASTORIA FINANCIAL CORP 3.5% 06/08/2020$1,031,275
CENTURYLINK INC 6.45% 06/15/2021$1,014,475
QUALCOMM INC 1.85% 05/20/2019$1,012,582
KINDER MORGAN ENERGY PARTNERS LP 2.65% 02/01/2019$1,007,183
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$991,907
DOMINION ENERGY INC 1.771% 06/01/2019$988,784
ENSTAR GROUP LTD 4.5% 03/10/2022$903,672
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$895,781
CITIZENS BANK NA/PROVIDENCE RI 2.25% 03/02/2020$884,738
ANHEUSER-BUSCH INBEV WORLDWIDE INC 2.2% 08/01/2018$855,388
ASTON MARTIN CAPITAL HOLDINGS LTD 6.5% 04/15/2022$849,488
MARTIN MARIETTA MATERIALS INC 1.822% 05/22/2020$847,710
AMERICAN EXPRESS CREDIT CORP 1.875% 05/03/2019$835,157
FORD MOTOR CREDIT CO LLC 2.262% 03/28/2019$817,566
MOODY'S CORP 2.75% 12/15/2021$807,540
NATIONAL AUSTRALIA BANK LTD 2.25% 07/01/2019$805,158
EI DU PONT DE NEMOURS & CO 2.2% 05/01/2020$779,524
CITIZENS BANK NA/PROVIDENCE RI 2.2% 05/26/2020$774,209
SMITHFIELD FOODS INC 2.7% 01/31/2020$759,918
DOMINION ENERGY INC 2.579% 07/01/2020$714,178
WM WRIGLEY JR CO 2.4% 10/21/2018$704,934
LENNAR CORP 4.5% 04/30/2024$704,548
CBOE HOLDINGS INC 1.95% 06/28/2019$685,097
ONEOK INC 4.25% 02/01/2022$684,750
TTX CO 2.25% 02/01/2019$675,630
ROGERS COMMUNICATIONS INC 6.8% 08/15/2018$654,212
STARWOOD PROPERTY TRUST INC 5% 12/15/2021$615,075
RYDER SYSTEM INC 2.45% 11/15/2018$614,022
ANADARKO PETROLEUM CORP 8.7% 03/15/2019$606,843
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$604,750
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$600,945
ING BANK NV 2.05% 08/17/2018$596,221
RYDER SYSTEM INC 2.35% 02/26/2019$552,480
CATERPILLAR FINANCIAL SERVICES CORP 7.15% 02/15/2019$542,213
NAVIENT CORP 6.5% 06/15/2022$530,625
NISSAN MOTOR ACCEPTANCE CORP 1.477% 09/13/2019$501,797
DAIMLER FINANCE NORTH AMERICA LLC 2.2% 05/05/2020$495,199
GREAT PLAINS ENERGY INC 2.5% 03/09/2020$469,642
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5% 04/15/2018$466,744
DXC TECHNOLOGY CO 2.875% 03/27/2020$440,757
B&G FOODS INC 4.625% 06/01/2021$327,600
PETRO-CANADA 6.05% 05/15/2018$290,132
NEWELL BRANDS INC 2.6% 03/29/2019$263,656
GOLDMAN SACHS GROUP INC/THE 1.65% 12/15/2017$250,649
TECH DATA CORP 3.7% 02/15/2022$234,938
EXELON GENERATION CO LLC 2.95% 01/15/2020$233,684
CONOCOPHILLIPS 5.75% 02/01/2019$150,356
FOREST LABORATORIES LLC 4.375% 02/01/2019$62,928
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$30,863,488
BLACKROCK TEMP FUND$28,573,381
 
Other
Holding NameMarket Value
USD$2,420,144
EURO$150,779
CURRENCY CONTRACT$36,826
US 5YR NOTE (CBT) BOND SEP17 (FVU7) COMDTY$29,459
HONG KONG DOLLAR$17,970
EURO-BOBL FUTURE BOND SEP17 (OEU7) COMDTY$6,803
BRITISH POUND$21
CURRENCY CONTRACT$-5
US 2YR NOTE (CBT) BOND SEP17 (TUU7) COMDTY$-8,885
CURRENCY CONTRACT$-126,316
CURRENCY CONTRACT$-228,777
USD$-2,020,055
S&P 500 FUTURE EQUITY INDEX SEP17 (SPU7) INDEX$-2,610,602
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
BLACKROCK TEMP FUND$30,619,304
FIDELITY INSTITUTIONAL MONEY MARKET$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

Footnotes

1.

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

2.

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

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

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