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 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 Dec 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
VT Vantagepoint Grwth & Income   4.25%11.22%11.22%7.14%13.97%6.79%N/A
S&P 500 Indexa,b3.82%11.96%11.96%8.87%14.66%6.95%N/A
Morningstar Large Blendb,c3.86%10.37%10.37%6.80%13.18%6.07%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 Expensesd0.67%

 

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., © 2016 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 Dec 31, 2016
Period Stars Category Size
Overall 3 Stars1255
3-Year 3 Stars1255
5-Year 3 Stars1106
10-Year 3 Stars814

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 Dec 31, 2016
Equity Stylebox
Large Blend
Allocation of Assets As of Nov 30, 2016
Type of Asset Percent
Equity96%
Fixed Income0%
Cash/Other4%

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

 
 

Statistics

Portfolio Statistics As of Dec 31, 2016
Statistic3-Year5-Year
Beta1.011.02
Alpha-1.41-0.92
Standard Deviation11.0610.83
 
 

Underlying Fund Characteristics

Allocation of Assets As of Nov 30, 2016
Asset ClassPercent
Domestic Stock87.5%
Foreign Stock8.7%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash3.8%
Other0.0%

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

 
Equity Sector As of Nov 30, 2016
SectorPercent
Financial Services20.6%
Technology15.8%
Consumer Cyclical15.4%
Industrials12.7%
Healthcare10.9%
Energy7.7%
Consumer Defensive6.0%
Communication Services3.0%
Basic Materials2.2%
Utilities2.0%
Real Estate0.0%

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

 
Top Ten Holdings As of Feb 28, 2017
Holding NamePercent
S&P 500 FUTURE EQUITY INDEX MAR17 (SPH7)34.7%
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/20183.2%
AMAZON.COM INC1.9%
JPMORGAN CHASE & CO1.8%
UNITED STATES TREASURY NOTE/BOND 0.875% 03/31/20181.7%
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/20181.7%
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/20191.7%
CITIGROUP INC1.5%
CHEVRON CORP1.3%
UNITED STATES TREASURY NOTE/BOND 1.125% 01/31/20191.3%
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
All Holdings As of Jan 31, 2017
Equity
Holding NameMarket Value
AMAZON.COM INC$36,150,772
JPMORGAN CHASE & CO$29,722,818
CITIGROUP INC$25,964,691
CHEVRON CORP$23,985,458
WELLS FARGO & CO$23,047,251
MICROSOFT CORP$22,637,198
FACEBOOK INC$20,890,296
CISCO SYSTEMS INC$20,713,912
INTEL CORP$18,814,284
PRICELINE GROUP INC/THE$18,082,492
ALPHABET INC$17,891,123
ALLERGAN PLC$17,034,676
PNC FINANCIAL SERVICES GROUP INC/THE$15,539,942
HALLIBURTON CO$15,151,539
QUALCOMM INC$15,047,331
MERCK & CO INC$14,351,987
FEDEX CORP$13,459,526
M&T BANK CORP$13,428,770
PULTEGROUP INC$13,402,601
UNION PACIFIC CORP$13,372,593
BRITISH AMERICAN TOBACCO PLC$13,157,760
INTERCONTINENTAL EXCHANGE INC$13,148,508
XL GROUP LTD$12,701,966
HILTON WORLDWIDE HOLDINGS INC$12,683,204
NORWEGIAN CRUISE LINE HOLDINGS LTD$12,537,297
VISA INC$12,373,416
BRISTOL-MYERS SQUIBB CO$11,534,657
VIACOM INC$11,483,150
EOG RESOURCES INC$11,380,820
ROYAL DUTCH SHELL PLC$11,293,707
MASTERCARD INC$11,047,687
PRINCIPAL FINANCIAL GROUP INC$11,012,775
UNITED TECHNOLOGIES CORP$10,861,278
INTERNATIONAL PAPER CO$10,446,322
ALPHABET INC$10,416,413
SYNCHRONY FINANCIAL$10,245,201
MARATHON OIL CORP$10,192,543
PIONEER NATURAL RESOURCES CO$10,175,966
ROCHE HOLDING AG$10,150,957
DANAHER CORP$10,145,928
DOW CHEMICAL CO/THE$9,943,899
SEMPRA ENERGY$9,930,294
VERTEX PHARMACEUTICALS INC$9,891,365
COGNIZANT TECHNOLOGY SOLUTIONS CORP$9,834,014
INVESCO LTD$9,811,226
ING GROEP NV$9,470,668
UNITEDHEALTH GROUP INC$9,353,170
MEDTRONIC PLC$9,290,936
INGERSOLL-RAND PLC$9,207,219
FORTUNE BRANDS HOME & SECURITY INC$9,190,281
EATON CORP PLC$9,091,833
PHILIP MORRIS INTERNATIONAL INC$9,055,446
MARSH & MCLENNAN COS INC$8,962,655
MONDELEZ INTERNATIONAL INC$8,847,144
ALIBABA GROUP HOLDING LTD$8,767,165
MORGAN STANLEY$8,765,687
ASTRAZENECA PLC$8,642,502
EDISON INTERNATIONAL$8,559,173
APPLE INC$8,445,960
UNILEVER NV$8,333,250
DOMINION RESOURCES INC/VA$8,228,247
LIBERTY INTERACTIVE CORP QVC GROUP$8,221,699
AGRIUM INC$8,155,926
BANK OF AMERICA CORP$8,102,856
BLACKROCK INC$7,807,206
NOKIA OYJ$7,768,470
CHUBB LTD$7,765,799
SIGNET JEWELERS LTD$7,615,854
CATERPILLAR INC$7,520,598
AMGEN INC$7,352,992
PARK HOTELS & RESORTS INC$7,231,914
THOMSON REUTERS CORP$7,151,532
XCEL ENERGY INC$7,016,136
SALESFORCE.COM INC$6,889,610
AMERICAN AIRLINES GROUP INC$6,765,825
TENCENT HOLDINGS LTD$6,648,771
AMERICAN TOWER CORP$6,592,950
TRIUMPH GROUP INC$6,588,605
NIELSEN HOLDINGS PLC$6,099,681
TD AMERITRADE HOLDING CORP$5,814,900
BOEING CO/THE$5,752,384
KRAFT HEINZ CO/THE$5,480,620
CELGENE CORP$5,284,825
NETFLIX INC$5,023,347
STRYKER CORP$4,694,140
ALEXION PHARMACEUTICALS INC$4,636,788
HOME DEPOT INC/THE$4,636,446
WALGREENS BOOTS ALLIANCE INC$4,514,894
INTUITIVE SURGICAL INC$4,433,216
SERVICENOW INC$4,431,318
NXP SEMICONDUCTORS NV$4,352,270
FISERV INC$4,340,172
THERMO FISHER SCIENTIFIC INC$4,292,369
ALASKA AIR GROUP INC$3,959,204
AETNA INC$3,935,124
BIOGEN INC$3,909,084
LOWE'S COS INC$3,588,228
FORTIVE CORP$3,462,406
O'REILLY AUTOMOTIVE INC$3,421,050
SOUTHWESTERN ENERGY CO$3,261,350
STATE STREET CORP$3,208,020
TESLA MOTORS INC$3,142,575
HUMANA INC$3,116,450
BROADCOM LTD$3,052,350
BECTON DICKINSON AND CO$2,963,757
ROSS STORES INC$2,829,508
PAYPAL HOLDINGS INC$2,752,776
CHARTER COMMUNICATIONS INC$2,430,597
MARRIOTT INTERNATIONAL INC/MD$2,391,727
RED HAT INC$2,388,778
MGM RESORTS INTERNATIONAL$2,350,080
UNITED CONTINENTAL HOLDINGS INC$2,318,463
CHARLES SCHWAB CORP/THE$2,029,008
ELECTRONIC ARTS INC$1,927,233
YUM! BRANDS INC$1,926,582
CTRIP.COM INTERNATIONAL LTD$1,909,882
ROYAL CARIBBEAN CRUISES LTD$1,867,450
FIDELITY NATIONAL INFORMATION SERVICES INC$1,755,182
ZOETIS INC$1,752,586
CIGNA CORP$1,696,152
AUTOZONE INC$1,594,956
LAS VEGAS SANDS CORP$1,551,110
BANK OF NEW YORK MELLON CORP/THE$1,525,293
SHIRE PLC$1,504,249
COMCAST CORP$1,395,270
WORKDAY INC$1,346,058
DELPHI AUTOMOTIVE PLC$1,331,140
CITIZENS FINANCIAL GROUP INC$1,269,567
ROPER TECHNOLOGIES INC$1,266,210
BAIDU INC$1,190,476
STARBUCKS CORP$1,187,230
CANADIAN PACIFIC RAILWAY LTD$1,163,778
NEXTERA ENERGY INC$1,150,596
CME GROUP INC$1,029,180
INTUIT INC$1,007,930
EQUINIX INC$1,000,948
WILLIS TOWERS WATSON PLC$976,765
TEXTRON INC$952,137
COSTCO WHOLESALE CORP$950,910
BALL CORP$864,102
FERRARI NV$863,607
DOLLAR GENERAL CORP$856,312
DELTA AIR LINES INC$850,320
JOHNSON CONTROLS INTERNATIONAL PLC$818,908
TRACTOR SUPPLY CO$817,737
CONSTELLATION BRANDS INC$808,704
NORTHROP GRUMMAN CORP$778,872
FIRST REPUBLIC BANK/CA$758,319
ELI LILLY & CO$677,864
JB HUNT TRANSPORT SERVICES INC$673,744
IHS MARKIT LTD$668,599
FLEETCOR TECHNOLOGIES INC$648,956
ILLUMINA INC$624,390
S&P GLOBAL INC$588,882
COACH INC$582,660
CENTENE CORP$461,048
MONSTER BEVERAGE CORP$447,300
GLOBAL PAYMENTS INC$417,312
MOLSON COORS BREWING CO$415,036
NVIDIA CORP$414,884
TIME WARNER INC$406,770
ECOLAB INC$396,429
GOLDMAN SACHS GROUP INC/THE$389,844
SHERWIN-WILLIAMS CO/THE$364,572
MICROCHIP TECHNOLOGY INC$330,015
WALT DISNEY CO/THE$320,885
DOMINO'S PIZZA INC$309,983
EQUIFAX INC$281,472
AMERIPRISE FINANCIAL INC$213,313
HILTON GRAND VACATIONS INC$168,589
HONEYWELL INTERNATIONAL INC$165,648
NORFOLK SOUTHERN CORP$140,952
ACTIVISION BLIZZARD INC$140,735
DENTSPLY SIRONA INC$124,740
CR BARD INC$118,665
ROCKWELL COLLINS INC$117,988
REGENERON PHARMACEUTICALS INC$107,787
US BANCORP$84,240
DR PEPPER SNAPPLE GROUP INC$82,080
GENERAL DYNAMICS CORP$72,432
PENTAIR PLC$70,356
AGILENT TECHNOLOGIES INC$63,661
HENRY SCHEIN INC$63,305
WABTEC CORP/DE$60,648
RAYTHEON CO$57,664
EI DU PONT DE NEMOURS & CO$45,300
L BRANDS INC$36,126
AON PLC$33,810
CARDINAL HEALTH INC$29,984
HANESBRANDS INC$26,081
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/2018$56,624,726
UNITED STATES TREASURY NOTE/BOND 0.875% 03/31/2018$29,984,700
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/2018$29,959,560
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$29,685,360
UNITED STATES TREASURY NOTE/BOND 1% 11/30/2018$24,936,721
UNITED STATES TREASURY NOTE/BOND 1.375% 01/15/2020$19,453,922
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$7,686,955
EVERGREEN CREDIT CARD TRUST SERIES 2016-1 1.424% 04/15/2020$6,026,642
WORLD FINANCIAL NETWORK CREDIT CARD MASTER TRUST 1.184% 02/15/2022$6,013,484
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-3 1.34% 11/15/2019$6,000,169
CARMAX AUTO OWNER TRUST 2016-3 1.17% 08/15/2019$5,994,649
NISSAN MASTER OWNER TRUST RECEIVABLES 1.54% 06/15/2021$5,942,722
INVITATION HOMES 2015-SFR3 TRUST 1.85% 08/17/2032$5,922,491
WESTPAC BANKING CORP 2.25% 01/17/2019$5,282,282
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.606% 04/25/2028$5,167,766
BROADCOM CORP / BROADCOM CAYMAN FINANCE LTD 2.375% 01/15/2020$4,743,863
AMERICAN EXPRESS CREDIT CORP 2.125% 03/18/2019$4,722,856
DISCOVER CARD EXECUTION NOTE TRUST 1.252% 07/15/2024$4,622,214
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.042% 01/25/2029$4,407,702
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$3,886,235
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2.25% 01/10/2020$3,790,045
KINDER MORGAN FINANCE CO LLC 6% 01/15/2018$3,636,399
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$3,615,962
CNH EQUIPMENT TRUST 2014-C 1.05% 11/15/2019$3,559,793
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$3,463,355
HYUNDAI CAPITAL AMERICA 2.55% 02/06/2019$3,394,489
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$3,339,493
MORGAN STANLEY 2.21% 01/20/2022$3,337,164
BANK OF MONTREAL 2.1% 12/12/2019$3,333,746
JPMORGAN CHASE & CO 6.3% 04/23/2019$3,275,070
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2% 01/14/2019$3,256,055
NISSAN MOTOR ACCEPTANCE CORP 1.961% 03/08/2019$3,233,411
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.7% 03/05/2018$3,228,630
CAPITAL ONE NA/MCLEAN VA 2.35% 01/31/2020$3,126,018
GOLDMAN SACHS GROUP INC/THE 3% 04/26/2022$3,112,876
BOSTON PROPERTIES LP 3.7% 11/15/2018$3,109,712
ING BANK NV 1.686% 08/17/2018$3,064,179
CELGENE CORP 2.875% 08/15/2020$3,050,076
DAIMLER FINANCE NORTH AMERICA LLC 2.3% 01/06/2020$3,028,063
ACTAVIS FUNDING SCS 2.35% 03/12/2018$3,019,605
WELLS FARGO BANK NA 1.8% 11/28/2018$3,006,786
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-3 1.209% 11/08/2019$3,004,032
FORD MOTOR CREDIT CO LLC 2.597% 11/04/2019$3,003,339
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 3.21% 01/17/2023$2,990,053
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 2.92% 10/17/2022$2,989,593
MYLAN NV 2.5% 06/07/2019$2,987,661
BANK OF AMERICA CORP 2.65% 04/01/2019$2,983,326
FORD CREDIT AUTO OWNER TRUST 2016-C 1.22% 03/15/2021$2,977,702
CAPITAL ONE NA/MCLEAN VA 1.85% 09/13/2019$2,974,977
TOYOTA MOTOR CREDIT CORP 1.7% 01/09/2019$2,967,915
ABN AMRO BANK NV 1.8% 09/20/2019$2,963,676
CITIGROUP INC 2.45% 01/10/2020$2,927,610
ARES CAPITAL CORP 4.875% 11/30/2018$2,922,253
PRINCIPAL LIFE GLOBAL FUNDING II 2.15% 01/10/2020$2,921,133
BANK OF NOVA SCOTIA/THE 1.375% 12/18/2017$2,897,799
HSBC USA INC 1.7% 03/05/2018$2,824,480
MACQUARIE BANK LTD 2.35% 01/15/2019$2,813,006
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$2,808,143
TIME WARNER CABLE INC 6.75% 07/01/2018$2,768,701
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.184% 12/25/2027$2,755,500
DOW CHEMICAL CO/THE 8.55% 05/15/2019$2,745,101
BB&T CORP 2.05% 06/19/2018$2,740,947
GENERAL MOTORS FINANCIAL CO INC 2.573% 01/14/2022$2,733,086
GENERAL MOTORS FINANCIAL CO INC 3.5% 07/10/2019$2,721,950
SUMITOMO MITSUI BANKING CORP 1.46% 01/16/2018$2,703,737
SUMITOMO MITSUI BANKING CORP 1.966% 01/11/2019$2,682,559
TOYOTA MOTOR CREDIT CORP 2.1% 01/17/2019$2,681,301
VALERO ENERGY CORP 9.375% 03/15/2019$2,642,691
METROPOLITAN LIFE GLOBAL FUNDING I 1.75% 12/19/2018$2,598,762
MORGAN STANLEY 5.5% 01/26/2020$2,562,120
REPUBLIC SERVICES INC 3.8% 05/15/2018$2,540,773
DRIVE AUTO RECEIVABLES TRUST 2016-B 2.56% 06/15/2020$2,492,626
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,471,918
CITIGROUP INC 2.4% 02/18/2020$2,471,660
ANZ NEW ZEALAND INT'L LTD/LONDON 2.6% 09/23/2019$2,419,200
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$2,407,892
GOLDMAN SACHS GROUP INC/THE 2.3% 12/13/2019$2,309,157
JPMORGAN CHASE BANK NA 1.588% 09/23/2019$2,254,318
BPCE SA 2.25% 01/27/2020$2,195,576
ASCIANO FINANCE LTD 5% 04/07/2018$2,176,676
AIR LIQUIDE FINANCE SA 1.375% 09/27/2019$2,168,608
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$2,156,568
PHILIP MORRIS INTERNATIONAL INC 1.875% 01/15/2019$2,144,886
ROYAL BANK OF CANADA 2.15% 03/15/2019$2,110,307
DTE ENERGY CO 1.5% 10/01/2019$2,097,707
TESORO CORP 4.75% 12/15/2023$2,093,438
CONOCOPHILLIPS 6% 01/15/2020$2,083,815
CREDIT AGRICOLE SA/LONDON 3.375% 01/10/2022$2,047,209
ANHEUSER-BUSCH INBEV WORLDWIDE INC 5.375% 01/15/2020$2,040,651
FIFTH THIRD BANK/CINCINNATI OH 2.375% 04/25/2019$2,017,400
SYNCHRONY FINANCIAL 2.6% 01/15/2019$2,011,952
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$2,007,500
DANSKE BANK A/S 1.526% 09/06/2019$2,001,402
21ST CENTURY FOX AMERICA INC 7.25% 05/18/2018$1,978,066
PNC BANK NA 1.7% 12/07/2018$1,936,789
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2015-3 1.634% 05/17/2021$1,910,538
DEUTSCHE TELEKOM INTERNATIONAL FINANCE BV 2.225% 01/17/2020$1,888,010
SUNCORP-METWAY LTD 2.1% 05/03/2019$1,859,983
FORD MOTOR CREDIT CO LLC 2.681% 01/09/2020$1,820,964
ERAC USA FINANCE LLC 6.375% 10/15/2017$1,776,689
HESS CORP 8.125% 02/15/2019$1,759,337
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$1,655,299
DAIMLER FINANCE NORTH AMERICA LLC 1.65% 03/02/2018$1,650,388
CITIGROUP INC 1.7% 04/27/2018$1,648,061
LENNAR CORP 4.125% 01/15/2022$1,639,764
BANK OF AMERICA CORP 6.875% 11/15/2018$1,600,511
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,584,952
TEVA PHARMACEUTICAL FINANCE IV LLC 2.25% 03/18/2020$1,578,591
COMMONWEALTH BANK OF AUSTRALIA 5% 03/19/2020$1,559,485
COMMONWEALTH BANK OF AUSTRALIA 1.353% 03/12/2018$1,552,012
ABN AMRO BANK NV 2.1% 01/18/2019$1,544,580
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 4.5% 10/01/2020$1,535,625
21ST CENTURY FOX AMERICA INC 6.9% 03/01/2019$1,528,988
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,508,415
AUTOZONE INC 1.625% 04/21/2019$1,479,369
NAVIENT CORP 5.5% 01/15/2019$1,435,140
NBCUNIVERSAL ENTERPRISE INC 1.974% 04/15/2019$1,433,115
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP 4.125% 11/15/2019$1,428,000
MGM RESORTS INTERNATIONAL 5.25% 03/31/2020$1,422,563
PULTEGROUP INC 4.25% 03/01/2021$1,406,265
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 1.658% 09/23/2019$1,403,413
NEWELL BRANDS INC 2.6% 03/29/2019$1,402,937
JC PENNEY CORP INC 8.125% 10/01/2019$1,382,875
AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST 3.5% 05/26/2022$1,379,048
ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 6.25% 02/01/2022$1,353,400
BANK OF AMERICA CORP 6.5% 07/15/2018$1,315,169
ASTORIA FINANCIAL CORP 5% 06/19/2017$1,268,898
ORANGE SA 2.75% 02/06/2019$1,268,001
ALLY AUTO RECEIVABLES TRUST 2016-1 1.73% 11/16/2020$1,251,255
DAIMLER FINANCE NORTH AMERICA LLC 1.5% 07/05/2019$1,234,160
JOHN DEERE CAPITAL CORP 1.6% 07/13/2018$1,161,975
FORD MOTOR CREDIT CO LLC 2.375% 03/12/2019$1,156,577
ABBOTT LABORATORIES 2.35% 11/22/2019$1,153,828
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$1,120,781
SCHAEFFLER FINANCE BV 4.25% 05/15/2021$1,025,000
KINDER MORGAN ENERGY PARTNERS LP 2.65% 02/01/2019$1,009,223
PRESTIGE AUTO RECEIVABLES TRUST 2013-1 2.05% 05/15/2019$1,002,533
CENTURYLINK INC 6.45% 06/15/2021$998,113
CATERPILLAR FINANCIAL SERVICES CORP 2.1% 01/10/2020$987,049
CIT GROUP INC 5.25% 03/15/2018$962,318
ANHEUSER-BUSCH INBEV WORLDWIDE INC 2.2% 08/01/2018$856,481
NATIONAL AUSTRALIA BANK LTD 2.25% 07/01/2019$803,268
SMITHFIELD FOODS INC 2.7% 01/31/2020$758,715
WM WRIGLEY JR CO 2.4% 10/21/2018$706,836
TTX CO 2.25% 02/01/2019$676,307
ROGERS COMMUNICATIONS INC 6.8% 08/15/2018$666,759
CONOCOPHILLIPS 5.75% 02/01/2019$630,676
ANADARKO PETROLEUM CORP 8.7% 03/15/2019$625,695
RYDER SYSTEM INC 2.45% 11/15/2018$615,809
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$606,963
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$604,637
STARWOOD PROPERTY TRUST INC 5% 12/15/2021$601,063
ING BANK NV 2.05% 08/17/2018$596,016
RYDER SYSTEM INC 2.35% 02/26/2019$553,582
CATERPILLAR FINANCIAL SERVICES CORP 7.15% 02/15/2019$552,412
NISSAN MOTOR ACCEPTANCE CORP 1.477% 09/13/2019$500,158
JC PENNEY CORP INC 5.65% 06/01/2020$495,000
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5% 04/15/2018$465,000
TECH DATA CORP 3.7% 02/15/2022$430,352
B&G FOODS INC 4.625% 06/01/2021$328,800
PETRO-CANADA 6.05% 05/15/2018$295,032
GOLDMAN SACHS GROUP INC/THE 1.65% 12/15/2017$250,879
FOREST LABORATORIES LLC 4.375% 02/01/2019$238,937
SUNCOR ENERGY INC 6.1% 06/01/2018$174,248
 
Short-Term/Cash
Holding NameMarket Value
UNITED STATES ZERO 02/17$19,499,766
FIDELITY INSTITUTIONAL MONEY MARKET$12,772,604
UNITED OVERSEAS ZERO 02/1$5,899,347
NATIONAL GRID ZERO 02/17$5,898,760
CDP FINANCIAL ZERO 02/17$5,898,206
KAISER ZERO 03/17$5,894,809
 
Other
Holding NameMarket Value
S&P 500 FUTURE EQUITY INDEX MAR17 (SPH7)$18,186,203
USD$3,412,617
US 5YR NOTE (CBT) BOND MAR17 (FVH7) COMDTY$4,982
CURRENCY CONTRACT$1,903
BRITISH POUND$20
CURRENCY CONTRACT$-16,537
USD$-21,995,196
All Holdings As of Dec 31, 2016
Equity
Holding NameMarket Value
AMAZON.COM INC$32,994,280
JPMORGAN CHASE & CO$30,072,842
CITIGROUP INC$27,858,823
CHEVRON CORP$25,353,286
WELLS FARGO & CO$22,548,091
MICROSOFT CORP$21,702,395
CISCO SYSTEMS INC$20,376,772
INTEL CORP$18,533,245
FACEBOOK INC$18,396,495
QUALCOMM INC$18,362,080
HILTON WORLDWIDE HOLDINGS INC$17,974,195
ALPHABET INC$17,330,446
PRICELINE GROUP INC/THE$16,786,387
ALLERGAN PLC$16,637,622
PNC FINANCIAL SERVICES GROUP INC/THE$15,088,425
HALLIBURTON CO$14,487,303
BRISTOL-MYERS SQUIBB CO$14,033,489
MERCK & CO INC$13,882,782
FEDEX CORP$13,140,693
UNION PACIFIC CORP$13,008,730
M&T BANK CORP$12,921,587
INTERCONTINENTAL EXCHANGE INC$12,711,426
XL GROUP LTD$12,597,159
BRITISH AMERICAN TOBACCO PLC$12,033,156
CBS CORP$11,750,614
ROYAL DUTCH SHELL PLC$11,488,625
PULTEGROUP INC$11,452,339
NORWEGIAN CRUISE LINE HOLDINGS LTD$11,344,920
VISA INC$11,328,504
EOG RESOURCES INC$11,327,042
PRINCIPAL FINANCIAL GROUP INC$11,161,310
UNITED TECHNOLOGIES CORP$10,856,326
MASTERCARD INC$10,727,675
MARATHON OIL CORP$10,533,308
COGNIZANT TECHNOLOGY SOLUTIONS CORP$10,477,274
SYNCHRONY FINANCIAL$10,373,909
INVESCO LTD$10,292,966
PIONEER NATURAL RESOURCES CO$10,166,932
ALPHABET INC$10,064,115
INTERNATIONAL PAPER CO$9,792,966
SEMPRA ENERGY$9,760,570
ROCHE HOLDING AG$9,666,449
DANAHER CORP$9,589,888
DOW CHEMICAL CO/THE$9,542,007
ING GROEP NV$9,286,260
BLACKROCK INC$9,276,043
SIGNET JEWELERS LTD$9,242,570
MONDELEZ INTERNATIONAL INC$9,131,980
FORTUNE BRANDS HOME & SECURITY INC$8,911,889
MARSH & MCLENNAN COS INC$8,905,996
UNITEDHEALTH GROUP INC$8,866,216
AGRIUM INC$8,823,564
INGERSOLL-RAND PLC$8,707,116
MEDTRONIC PLC$8,705,517
ASTRAZENECA PLC$8,671,067
EATON CORP PLC$8,617,845
PHILIP MORRIS INTERNATIONAL INC$8,581,762
MORGAN STANLEY$8,580,975
LIBERTY INTERACTIVE CORP QVC GROUP$8,564,627
APPLE INC$8,454,860
EDISON INTERNATIONAL$8,454,650
VERTEX PHARMACEUTICALS INC$8,390,276
NOKIA OYJ$8,266,889
DOMINION RESOURCES INC/VA$8,261,687
BANK OF AMERICA CORP$7,909,590
CHUBB LTD$7,803,007
AMGEN INC$7,709,653
THOMSON REUTERS CORP$7,573,502
ALIBABA GROUP HOLDING LTD$7,440,844
UNILEVER NV$7,329,210
CATERPILLAR INC$7,291,033
AMERICAN AIRLINES GROUP INC$7,138,901
AMERICAN TOWER CORP$6,943,176
XCEL ENERGY INC$6,910,860
TRIUMPH GROUP INC$6,527,030
NIELSEN HOLDINGS PLC$6,254,745
TENCENT HOLDINGS LTD$6,166,041
SALESFORCE.COM INC$5,962,866
CELGENE CORP$5,706,475
KRAFT HEINZ CO/THE$5,464,486
TD AMERITRADE HOLDING CORP$5,232,000
BOEING CO/THE$5,168,576
NXP SEMICONDUCTORS NV$4,682,820
NETFLIX INC$4,679,640
AETNA INC$4,610,320
WALGREENS BOOTS ALLIANCE INC$4,609,732
THERMO FISHER SCIENTIFIC INC$4,585,750
STRYKER CORP$4,552,780
HOME DEPOT INC/THE$4,464,864
FISERV INC$4,293,712
ALEXION PHARMACEUTICALS INC$4,255,578
O'REILLY AUTOMOTIVE INC$4,092,627
BIOGEN INC$3,998,478
SOUTHWESTERN ENERGY CO$3,916,515
LOWE'S COS INC$3,783,584
INTUITIVE SURGICAL INC$3,741,603
SERVICENOW INC$3,583,188
FORTIVE CORP$3,443,046
ALASKA AIR GROUP INC$3,442,724
STATE STREET CORP$3,388,592
BECTON DICKINSON AND CO$2,933,049
ROSS STORES INC$2,879,840
BROADCOM LTD$2,757,612
PAYPAL HOLDINGS INC$2,731,324
TESLA MOTORS INC$2,665,569
UNITED CONTINENTAL HOLDINGS INC$2,572,664
HUMANA INC$2,550,375
MGM RESORTS INTERNATIONAL$2,352,528
MARRIOTT INTERNATIONAL INC/MD$2,337,446
BANK OF NEW YORK MELLON CORP/THE$2,326,358
CHARTER COMMUNICATIONS INC$2,160,264
AUTOZONE INC$1,974,475
SHIRE PLC$1,953,236
ELECTRONIC ARTS INC$1,921,744
CHARLES SCHWAB CORP/THE$1,894,560
RED HAT INC$1,755,116
CTRIP.COM INTERNATIONAL LTD$1,684,000
YUM! BRANDS INC$1,652,913
ROYAL CARIBBEAN CRUISES LTD$1,578,860
ZOETIS INC$1,520,252
CANADIAN PACIFIC RAILWAY LTD$1,499,085
LAS VEGAS SANDS CORP$1,495,480
CIGNA CORP$1,360,578
FIDELITY NATIONAL INFORMATION SERVICES INC$1,331,264
DELPHI AUTOMOTIVE PLC$1,279,650
CONSTELLATION BRANDS INC$1,211,149
ROPER TECHNOLOGIES INC$1,208,328
STARBUCKS CORP$1,193,680
NORTHROP GRUMMAN CORP$1,162,900
BAIDU INC$1,117,988
NEXTERA ENERGY INC$1,110,978
BALL CORP$1,065,919
COMCAST CORP$1,063,370
WILLIS TOWERS WATSON PLC$978,240
INTUIT INC$974,185
MOLSON COORS BREWING CO$953,638
TRACTOR SUPPLY CO$909,720
TEXTRON INC$908,072
DELTA AIR LINES INC$885,420
DOLLAR GENERAL CORP$859,212
COSTCO WHOLESALE CORP$848,583
WORKDAY INC$826,125
FERRARI NV$808,146
EQUINIX INC$786,302
CME GROUP INC$784,380
JOHNSON CONTROLS INTERNATIONAL PLC$766,958
JB HUNT TRANSPORT SERVICES INC$747,439
ELI LILLY & CO$742,855
TIME WARNER INC$637,098
FLEETCOR TECHNOLOGIES INC$622,688
IHS MARKIT LTD$600,129
HANESBRANDS INC$573,762
COACH INC$546,312
S&P GLOBAL INC$526,946
MONSTER BEVERAGE CORP$465,570
CENTENE CORP$411,788
ECOLAB INC$386,826
NORTHERN TRUST CORP$365,105
GOLDMAN SACHS GROUP INC/THE$335,230
CITIZENS FINANCIAL GROUP INC$334,922
DOMINO'S PIZZA INC$318,480
CR BARD INC$292,058
SHERWIN-WILLIAMS CO/THE$241,866
ROCKWELL COLLINS INC$222,624
RAYTHEON CO$213,000
AMERIPRISE FINANCIAL INC$210,786
L BRANDS INC$204,104
WALT DISNEY CO/THE$198,018
DENTSPLY SIRONA INC$196,282
REGENERON PHARMACEUTICALS INC$183,545
HENRY SCHEIN INC$181,445
AON PLC$167,295
FIRST REPUBLIC BANK/CA$135,169
NORFOLK SOUTHERN CORP$129,684
ACTIVISION BLIZZARD INC$126,385
MICROCHIP TECHNOLOGY INC$121,885
GLOBAL PAYMENTS INC$117,997
EQUIFAX INC$112,555
ANTHEM INC$100,639
US BANCORP$82,192
DR PEPPER SNAPPLE GROUP INC$81,603
GENERAL DYNAMICS CORP$69,064
PENTAIR PLC$67,284
AGILENT TECHNOLOGIES INC$59,228
WABTEC CORP/DE$58,114
EI DU PONT DE NEMOURS & CO$44,040
MCKESSON CORP$42,135
KANSAS CITY SOUTHERN$33,940
CARDINAL HEALTH INC$28,788
ILLUMINA INC$22,407
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 0.75% 10/31/2018$56,608,022
UNITED STATES TREASURY NOTE/BOND 1% 11/30/2018$34,901,959
UNITED STATES TREASURY NOTE/BOND 0.875% 03/31/2018$29,966,610
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/2018$29,947,860
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$29,690,040
UNITED STATES TREASURY NOTE/BOND 1% 11/15/2019$29,642,580
FEDERAL HOME LOAN BANKS 1.25% 01/16/2019$7,689,631
EVERGREEN CREDIT CARD TRUST SERIES 2016-1 1.424% 04/15/2020$6,028,394
WORLD FINANCIAL NETWORK CREDIT CARD MASTER TRUST 1.184% 02/15/2022$6,013,327
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-3 1.34% 11/15/2019$6,002,220
CARMAX AUTO OWNER TRUST 2016-3 1.17% 08/15/2019$5,997,191
NISSAN MASTER OWNER TRUST RECEIVABLES 1.54% 06/15/2021$5,965,285
INVITATION HOMES 2015-SFR3 TRUST 1.85% 08/17/2032$5,912,197
WESTPAC BANKING CORP 2.25% 01/17/2019$5,271,851
AMERICAN EXPRESS CREDIT CORP 2.125% 03/18/2019$4,720,248
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.042% 01/25/2029$4,421,714
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$3,888,524
CNH EQUIPMENT TRUST 2014-C 1.05% 11/15/2019$3,791,415
KINDER MORGAN FINANCE CO LLC 6% 01/15/2018$3,645,110
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$3,616,844
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.606% 04/25/2028$3,602,572
BNZ INTERNATIONAL FUNDING LTD/LONDON 2.35% 03/04/2019$3,463,407
HYUNDAI CAPITAL AMERICA 2.55% 02/06/2019$3,398,474
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$3,338,869
BANK OF MONTREAL 2.1% 12/12/2019$3,331,402
JPMORGAN CHASE & CO 6.3% 04/23/2019$3,279,276
NATIONAL AUSTRALIA BANK LTD/NEW YORK 2% 01/14/2019$3,251,183
NISSAN MOTOR ACCEPTANCE CORP 1.961% 03/08/2019$3,233,338
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.7% 03/05/2018$3,225,166
BOSTON PROPERTIES LP 3.7% 11/15/2018$3,116,054
ING BANK NV 1.686% 08/17/2018$3,064,741
CELGENE CORP 2.875% 08/15/2020$3,036,957
ACTAVIS FUNDING SCS 2.35% 03/12/2018$3,018,222
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-3 1.209% 11/08/2019$3,003,628
WELLS FARGO BANK NA 1.8% 11/28/2018$2,999,544
FORD MOTOR CREDIT CO LLC 2.597% 11/04/2019$2,997,576
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 2.92% 10/17/2022$2,989,821
TCF AUTO RECEIVABLES OWNER TRUST 2016-PT1 3.21% 01/17/2023$2,989,234
MYLAN NV 2.5% 06/07/2019$2,985,507
BANK OF AMERICA CORP 2.65% 04/01/2019$2,982,780
FORD CREDIT AUTO OWNER TRUST 2016-C 1.22% 03/15/2021$2,976,465
CAPITAL ONE NA/MCLEAN VA 1.85% 09/13/2019$2,967,831
ABN AMRO BANK NV 1.8% 09/20/2019$2,958,822
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 3.184% 12/25/2027$2,912,825
ARES CAPITAL CORP 4.875% 11/30/2018$2,899,363
HSBC USA INC 1.7% 03/05/2018$2,823,898
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$2,808,831
MACQUARIE BANK LTD 2.35% 01/15/2019$2,807,739
TIME WARNER CABLE INC 6.75% 07/01/2018$2,776,803
DOW CHEMICAL CO/THE 8.55% 05/15/2019$2,752,094
BB&T CORP 2.05% 06/19/2018$2,739,631
GENERAL MOTORS FINANCIAL CO INC 3.5% 07/10/2019$2,720,370
SUMITOMO MITSUI BANKING CORP 1.46% 01/16/2018$2,703,802
TOYOTA MOTOR CREDIT CORP 2.1% 01/17/2019$2,675,399
VALERO ENERGY CORP 9.375% 03/15/2019$2,650,021
METROPOLITAN LIFE GLOBAL FUNDING I 1.75% 12/19/2018$2,601,638
MORGAN STANLEY 5.5% 01/26/2020$2,558,192
REPUBLIC SERVICES INC 3.8% 05/15/2018$2,544,666
DRIVE AUTO RECEIVABLES TRUST 2016-B 2.56% 06/15/2020$2,492,241
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,469,928
CITIGROUP INC 2.4% 02/18/2020$2,466,831
ANZ NEW ZEALAND INT'L LTD/LONDON 2.6% 09/23/2019$2,421,230
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$2,407,252
GOLDMAN SACHS GROUP INC/THE 2.3% 12/13/2019$2,309,009
JPMORGAN CHASE BANK NA 1.588% 09/23/2019$2,252,563
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2015-3 1.634% 05/17/2021$2,250,718
BPCE SA 2.25% 01/27/2020$2,190,277
ASCIANO FINANCE LTD 5% 04/07/2018$2,178,764
AIR LIQUIDE FINANCE SA 1.375% 09/27/2019$2,165,557
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$2,152,977
PHILIP MORRIS INTERNATIONAL INC 1.875% 01/15/2019$2,140,890
ROYAL BANK OF CANADA 2.15% 03/15/2019$2,108,944
DTE ENERGY CO 1.5% 10/01/2019$2,095,990
CONOCOPHILLIPS 6% 01/15/2020$2,077,605
TESORO CORP 4.75% 12/15/2023$2,047,763
ANHEUSER-BUSCH INBEV WORLDWIDE INC 5.375% 01/15/2020$2,042,124
FIFTH THIRD BANK/CINCINNATI OH 2.375% 04/25/2019$2,015,688
SYNCHRONY FINANCIAL 2.6% 01/15/2019$2,011,064
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$2,008,740
DANSKE BANK A/S 1.526% 09/06/2019$2,002,082
21ST CENTURY FOX AMERICA INC 7.25% 05/18/2018$1,983,796
PNC BANK NA 1.7% 12/07/2018$1,937,036
SUNCORP-METWAY LTD 2.1% 05/03/2019$1,852,900
ERAC USA FINANCE LLC 6.375% 10/15/2017$1,782,512
HESS CORP 8.125% 02/15/2019$1,766,907
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$1,655,543
DAIMLER FINANCE NORTH AMERICA LLC 1.65% 03/02/2018$1,648,134
CITIGROUP INC 1.7% 04/27/2018$1,646,895
BANK OF AMERICA CORP 6.875% 11/15/2018$1,605,612
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,585,350
TEVA PHARMACEUTICAL FINANCE IV LLC 2.25% 03/18/2020$1,566,168
COMMONWEALTH BANK OF AUSTRALIA 5% 03/19/2020$1,559,136
COMMONWEALTH BANK OF AUSTRALIA 1.353% 03/12/2018$1,549,134
21ST CENTURY FOX AMERICA INC 6.9% 03/01/2019$1,532,953
NIELSEN FINANCE LLC / NIELSEN FINANCE CO 4.5% 10/01/2020$1,528,125
BP CAPITAL MARKETS PLC 2.315% 02/13/2020$1,500,882
AUTOZONE INC 1.625% 04/21/2019$1,477,225
NAVIENT CORP 5.5% 01/15/2019$1,456,000
NBCUNIVERSAL ENTERPRISE INC 1.974% 04/15/2019$1,435,643
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$1,424,500
JC PENNEY CORP INC 8.125% 10/01/2019$1,410,500
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 1.658% 09/23/2019$1,402,188
NEWELL BRANDS INC 2.6% 03/29/2019$1,400,954
BANK OF AMERICA CORP 6.5% 07/15/2018$1,317,810
ASTORIA FINANCIAL CORP 5% 06/19/2017$1,272,861
ORANGE SA 2.75% 02/06/2019$1,267,183
ALLY AUTO RECEIVABLES TRUST 2016-1 1.73% 11/16/2020$1,249,653
DAIMLER FINANCE NORTH AMERICA LLC 1.5% 07/05/2019$1,231,277
JOHN DEERE CAPITAL CORP 1.6% 07/13/2018$1,159,883
FORD MOTOR CREDIT CO LLC 2.375% 03/12/2019$1,155,927
ABBOTT LABORATORIES 2.35% 11/22/2019$1,152,154
NOBLE HOLDING INTERNATIONAL LTD 7.75% 01/15/2024$1,060,988
SCHAEFFLER FINANCE BV 4.25% 05/15/2021$1,025,000
KINDER MORGAN ENERGY PARTNERS LP 2.65% 02/01/2019$1,005,765
PRESTIGE AUTO RECEIVABLES TRUST 2013-1 2.05% 05/15/2019$1,003,284
CENTURYLINK INC 6.45% 06/15/2021$988,763
CIT GROUP INC 5.25% 03/15/2018$966,038
ANHEUSER-BUSCH INBEV WORLDWIDE INC 2.2% 08/01/2018$856,072
NATIONAL AUSTRALIA BANK LTD 2.25% 07/01/2019$802,840
WM WRIGLEY JR CO 2.4% 10/21/2018$706,558
TTX CO 2.25% 02/01/2019$674,952
ROGERS COMMUNICATIONS INC 6.8% 08/15/2018$668,770
CONOCOPHILLIPS 5.75% 02/01/2019$628,814
ANADARKO PETROLEUM CORP 8.7% 03/15/2019$625,375
RYDER SYSTEM INC 2.45% 11/15/2018$615,713
STARWOOD PROPERTY TRUST INC 5% 12/15/2021$599,381
AMERIGAS PARTNERS LP / AMERIGAS FINANCE CORP 5.5% 05/20/2025$598,113
ING BANK NV 2.05% 08/17/2018$595,633
CATERPILLAR FINANCIAL SERVICES CORP 7.15% 02/15/2019$553,735
RYDER SYSTEM INC 2.35% 02/26/2019$553,512
NISSAN MOTOR ACCEPTANCE CORP 1.477% 09/13/2019$499,400
JC PENNEY CORP INC 5.65% 06/01/2020$495,625
MALLINCKRODT INTERNATIONAL FINANCE SA 3.5% 04/15/2018$466,744
B&G FOODS INC 4.625% 06/01/2021$328,000
PETRO-CANADA 6.05% 05/15/2018$296,003
GOLDMAN SACHS GROUP INC/THE 1.65% 12/15/2017$250,830
FOREST LABORATORIES LLC 4.375% 02/01/2019$239,120
SUNCOR ENERGY INC 6.1% 06/01/2018$174,751
 
Short-Term/Cash
Holding NameMarket Value
UNITED STATES ZERO 01/17$44,999,235
FIDELITY INSTITUTIONAL MONEY MARKET$31,114,053
CPPIB CAPITAL ZERO 01/17$5,899,467
AMCOR FIN (USA) ZERO 01/1$5,898,572
UNITED OVERSEAS ZERO 02/1$5,896,126
CDP FINANCIAL ZERO 02/17$5,894,957
PROV. BRITSH ZERO 01/17$3,458,708
 
Other
Holding NameMarket Value
S&P 500 FUTURE EQUITY INDEX MAR17 (SPH7)$8,218,628
BRITISH POUND$10
SOUTH KOREA WON$0
USD$-4,499,602
USD$-10,555,547
All Holdings As of Nov 30, 2016
Equity
Holding NameMarket Value
JPMORGAN CHASE & CO$49,652,728
UNITEDHEALTH GROUP INC$34,715,618
AMAZON.COM INC$34,075,878
MICROSOFT CORP$32,918,532
COMCAST CORP$30,007,467
BERKSHIRE HATHAWAY INC$28,890,240
DOLLAR GENERAL CORP$27,506,590
CITIGROUP INC$27,002,352
CHEVRON CORP$25,250,490
HONEYWELL INTERNATIONAL INC$25,066,800
ACCENTURE PLC$24,002,444
SCHLUMBERGER LTD$23,447,849
BANK OF NEW YORK MELLON CORP/THE$23,131,476
WELLS FARGO & CO$22,392,040
CISCO SYSTEMS INC$20,690,607
EXPEDITORS INTERNATIONAL OF WASHINGTON INC$20,637,162
TE CONNECTIVITY LTD$20,200,686
OMNICOM GROUP INC$19,948,383
QUALCOMM INC$19,744,074
POTASH CORP OF SASKATCHEWAN INC$19,591,325
AMERISOURCEBERGEN CORP$19,511,148
FACEBOOK INC$19,444,564
EBAY INC$19,405,123
PACCAR INC$19,272,715
DEVON ENERGY CORP$18,841,451
STANLEY BLACK & DECKER INC$18,387,650
INTEL CORP$18,245,607
PRICELINE GROUP INC/THE$17,743,424
ALPHABET INC$17,627,462
TWENTY-FIRST CENTURY FOX INC$17,488,395
PROGRESSIVE CORP/THE$16,981,335
ALLERGAN PLC$16,059,478
ROSS STORES INC$15,714,675
AMERICAN EXPRESS CO$15,373,336
MERCK & CO INC$14,822,054
PNC FINANCIAL SERVICES GROUP INC/THE$14,801,306
HALLIBURTON CO$14,632,135
FEDEX CORP$14,164,413
BRISTOL-MYERS SQUIBB CO$13,901,172
MARATHON OIL CORP$13,383,724
LEVEL 3 COMMUNICATIONS INC$13,236,075
UNION PACIFIC CORP$13,081,703
INTERCONTINENTAL EXCHANGE INC$12,636,740
XL GROUP LTD$12,569,627
M&T BANK CORP$12,234,900
PULTEGROUP INC$12,092,466
HILTON WORLDWIDE HOLDINGS INC$12,083,264
BRITISH AMERICAN TOBACCO PLC$11,983,496
EOG RESOURCES INC$11,819,531
ORACLE CORP$11,783,708
VISA INC$11,698,516
UNILEVER PLC$11,691,152
CBS CORP$11,540,443
PRINCIPAL FINANCIAL GROUP INC$11,451,465
NORWEGIAN CRUISE LINE HOLDINGS LTD$11,198,553
PIONEER NATURAL RESOURCES CO$11,099,424
MASTERCARD INC$11,058,040
UNITED TECHNOLOGIES CORP$10,977,745
ROYAL DUTCH SHELL PLC$10,941,607
INVESCO LTD$10,930,321
COGNIZANT TECHNOLOGY SOLUTIONS CORP$10,598,549
NESTLE SA$10,402,898
ALPHABET INC$10,241,616
SYNCHRONY FINANCIAL$10,171,699
DANAHER CORP$10,005,760
SEMPRA ENERGY$9,960,040
VERTEX PHARMACEUTICALS INC$9,914,799
ROCHE HOLDING AG$9,678,524
DOW CHEMICAL CO/THE$9,561,552
FORTUNE BRANDS HOME & SECURITY INC$9,460,431
MARSH & MCLENNAN COS INC$9,460,122
INTERNATIONAL PAPER CO$9,252,902
BLACKROCK INC$9,240,087
SIGNET JEWELERS LTD$9,211,161
MEDTRONIC PLC$9,182,030
LIBERTY INTERACTIVE CORP QVC GROUP$9,135,181
AGRIUM INC$9,106,755
COCA-COLA CO/THE$9,074,715
ING GROEP NV$8,937,202
INGERSOLL-RAND PLC$8,900,076
EATON CORP PLC$8,791,292
MORGAN STANLEY$8,755,912
ASTRAZENECA PLC$8,537,324
APPLE INC$8,532,144
MONDELEZ INTERNATIONAL INC$8,495,440
TWENTY-FIRST CENTURY FOX INC$8,433,000
EDISON INTERNATIONAL$8,310,855
PHILIP MORRIS INTERNATIONAL INC$8,307,148
PVH CORP$8,289,805
ALIBABA GROUP HOLDING LTD$8,258,529
DOMINION RESOURCES INC/VA$8,135,190
CERNER CORP$7,796,793
CATERPILLAR INC$7,730,804
THOMSON REUTERS CORP$7,691,812
NOKIA OYJ$7,604,838
AMGEN INC$7,596,811
CHUBB LTD$7,559,680
BANK OF AMERICA CORP$7,558,848
AMERICAN AIRLINES GROUP INC$7,388,604
TRIUMPH GROUP INC$7,174,068
ROCKWELL AUTOMATION INC$7,056,545
AMERICAN TOWER CORP$6,964,587
SALESFORCE.COM INC$6,688,800
XCEL ENERGY INC$6,623,898
TENCENT HOLDINGS LTD$6,446,841
NIELSEN HOLDINGS PLC$6,426,210
CELGENE CORP$6,209,924
KRAFT HEINZ CO/THE$5,305,617
THERMO FISHER SCIENTIFIC INC$5,296,158
TD AMERITRADE HOLDING CORP$5,146,755
NXP SEMICONDUCTORS NV$5,044,653
AETNA INC$4,981,995
WALGREENS BOOTS ALLIANCE INC$4,931,286
BOEING CO/THE$4,878,144
NETFLIX INC$4,785,300
LOWE'S COS INC$4,698,630
HOME DEPOT INC/THE$4,373,720
ALEXION PHARMACEUTICALS INC$4,276,184
STRYKER CORP$4,262,250
FISERV INC$4,237,110
O'REILLY AUTOMOTIVE INC$4,144,950
SOUTHWESTERN ENERGY CO$4,108,360
SERVICENOW INC$4,057,720
BIOGEN INC$3,999,352
INTUITIVE SURGICAL INC$3,926,814
FORTIVE CORP$3,711,825
STATE STREET CORP$3,538,120
BECTON DICKINSON AND CO$3,266,505
ALASKA AIR GROUP INC$3,126,260
PAYPAL HOLDINGS INC$2,953,856
HUMANA INC$2,679,264
CANADIAN PACIFIC RAILWAY LTD$2,528,625
DANONE SA$2,449,057
BROADCOM LTD$2,420,958
MGM RESORTS INTERNATIONAL$2,411,640
UNITED CONTINENTAL HOLDINGS INC$2,289,140
MARRIOTT INTERNATIONAL INC/MD$2,227,189
TESLA MOTORS INC$2,211,056
CTRIP.COM INTERNATIONAL LTD$2,121,287
SHIRE PLC$2,106,374
RED HAT INC$2,071,179
CHARTER COMMUNICATIONS INC$2,065,651
ELECTRONIC ARTS INC$2,060,240
AUTOZONE INC$2,036,268
LAS VEGAS SANDS CORP$1,867,566
STARBUCKS CORP$1,665,072
NORTHROP GRUMMAN CORP$1,597,760
DELPHI AUTOMOTIVE PLC$1,478,400
ZOETIS INC$1,430,792
YUM! BRANDS INC$1,417,591
CIGNA CORP$1,374,348
FIDELITY NATIONAL INFORMATION SERVICES INC$1,358,544
ROYAL CARIBBEAN CRUISES LTD$1,331,552
CHARLES SCHWAB CORP/THE$1,291,785
CONSTELLATION BRANDS INC$1,269,576
ROPER TECHNOLOGIES INC$1,195,326
BAIDU INC$1,135,260
BALL CORP$1,065,777
JOHNSON CONTROLS INTERNATIONAL PLC$1,057,930
WORKDAY INC$1,054,000
TRACTOR SUPPLY CO$1,050,980
MOLSON COORS BREWING CO$960,694
NEXTERA ENERGY INC$948,109
JB HUNT TRANSPORT SERVICES INC$944,163
WILLIS TOWERS WATSON PLC$932,775
INTUIT INC$909,440
S&P GLOBAL INC$892,425
DELTA AIR LINES INC$867,240
RAYTHEON CO$837,424
ELI LILLY & CO$825,576
HANESBRANDS INC$798,043
COSTCO WHOLESALE CORP$795,583
FERRARI NV$752,268
TEXTRON INC$741,083
EQUINIX INC$711,396
CME GROUP INC$711,333
FLEETCOR TECHNOLOGIES INC$657,096
IHS MARKIT LTD$609,111
TIME WARNER INC$606,012
MONSTER BEVERAGE CORP$429,600
COACH INC$422,124
CENTENE CORP$419,950
WABTEC CORP/DE$379,068
SHERWIN-WILLIAMS CO/THE$376,138
ECOLAB INC$373,536
KANSAS CITY SOUTHERN$372,582
AMERIPRISE FINANCIAL INC$342,630
NORTHERN TRUST CORP$336,815
DOMINO'S PIZZA INC$336,080
WALT DISNEY CO/THE$287,448
AGILENT TECHNOLOGIES INC$272,676
ROCKWELL COLLINS INC$222,528
DENTSPLY SIRONA INC$197,812
REGENERON PHARMACEUTICALS INC$189,620
HENRY SCHEIN INC$178,156
AON PLC$171,150
CR BARD INC$147,385
PENTAIR PLC$132,158
ACTIVISION BLIZZARD INC$128,135
NORFOLK SOUTHERN CORP$127,752
MICROCHIP TECHNOLOGY INC$125,742
L BRANDS INC$112,352
ADIENT PLC$107,227
ANTHEM INC$99,771
ESTEE LAUDER COS INC/THE$93,240
EI DU PONT DE NEMOURS & CO$44,166
MCKESSON CORP$43,143
CARDINAL HEALTH INC$28,404
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$66,243,028
 
Other
Holding NameMarket Value
BRITISH POUND$10
USD$-37,840

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.

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.