Investment Grade—Interest Rate Hedged - IGHG Investment Grade—Interest Rate Hedged

ProShares Investment Grade—Interest Rate Hedged seeks investment results, before fees and expenses, that track the performance of the FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index.

  • Provides the return potential of a diversified portfolio of investment grade corporate bonds
  • Targets zero interest rate risk by including a built-in hedge against rising rates that uses short positions in U.S. Treasury futures
  • Offers even less interest rate sensitivity than short-term bonds by targeting a duration of zero

As of 3/22/19

Description Coupon Maturity Date Exposure Value
(Notional + G/L)
Market Value ($) Shares/Contracts
US 5YR NOTE FUTURE 06/19/2019 (WNM9) - - (35,856,000.00) - (216.00)
US 10YR NOTE FUTURE 06/19/2019 (TYM9) - - (137,302,593.75) - (1,107.00)
US LONG BOND FUTURE 06/19/2019 (USM9) - - (184,772,875.00) - (1,244.00)
GOLDMAN SACHS GROUP INC 6.750 10/1/37 - $5,365,188.99 4,422,000.00
PFIZER INC 7.200 3/15/39 - $4,376,640.78 3,047,000.00
MEDTRONIC INC 3.500 3/15/25 - $4,067,602.86 3,951,000.00
MITSUBISHI UFJ FINANCIAL GROUP INC 3.850 3/1/26 - $3,834,536.59 3,709,000.00
HOME DEPOT INC 5.875 12/16/36 - $3,716,617.55 2,982,000.00
GENERAL ELECTRIC CAPITAL CORP 6.750 3/15/32 - $3,672,576.67 3,175,000.00
GLAXOSMITHKLINE CAPITAL INC 6.375 5/15/38 - $3,656,377.32 2,791,000.00
ASTRAZENECA PLC 6.450 9/15/37 - $3,525,252.61 2,830,000.00
BARCLAYS PLC 4.375 1/12/26 - $3,366,814.53 3,361,000.00
CRED SUIS GP FUN LTD 4.550 4/17/26 - $3,264,323.90 3,131,000.00
APPLE INC 3.200 5/13/25 - $3,100,684.65 3,055,000.00
SHELL INTL FINANCE BV 4.375 5/11/45 - $3,073,465.92 2,842,000.00
MEDTRONIC INC 4.625 3/15/45 - $3,066,577.53 2,717,000.00
CONOCOPHILLIPS 6.500 2/1/39 - $3,055,365.14 2,291,000.00
GOLDMAN SACHS GROUP INC 4.250 10/21/25 - $3,027,806.92 2,964,000.00
SUMITOMO MITSUI FINANCIAL GROUP INC 3.784 3/9/26 - $3,013,588.10 2,923,000.00
VODAFONE GROUP PLC 5.250 5/30/48 - $2,873,544.13 2,912,000.00
TELEFONICA EMISIONES SAU 4.895 3/6/48 - $2,593,196.64 2,700,000.00
CITIGROUP INC 4.450 9/29/27 - $2,582,740.40 2,523,000.00
TELEFONICA EMISIONES SAU 7.045 6/20/36 - $2,536,571.59 2,096,000.00
HSBC HOLDINGS PLC 6.500 5/2/36 - $2,517,088.59 2,078,000.00
COOPERATIEVE RABOBANK UA 5.750 12/1/43 - $2,500,007.70 2,116,000.00
HSBC HOLDINGS PLC 6.800 6/1/38 - $2,466,946.60 1,958,000.00
TIME WARNER CABLE INC 6.750 6/15/39 - $2,409,117.19 2,187,000.00
UNITED TECHNOLOGIES CORP 5.700 4/15/40 - $2,358,904.03 2,047,000.00
WESTPAC BANKING CORP 2.850 5/13/26 - $2,243,836.57 2,316,000.00
GOLDMAN SACHS GROUP INC 6.250 2/1/41 - $2,211,834.55 1,810,000.00
WAL-MART STORES INC 6.500 8/15/37 - $2,156,915.16 1,588,000.00
RABOBANK INTERNATIONAL (UTRECHT BRANCH) 5.250 8/4/45 - $2,140,044.64 1,925,000.00
ORACLE CORP 5.375 7/15/40 - $2,114,354.28 1,790,000.00
UNITEDHEALTH GROUP INC 3.750 7/15/25 - $2,109,269.24 2,027,000.00
VERIZON COMMUNICATIONS 4.125 3/16/27 - $2,101,725.37 2,008,000.00
JPMORGAN CHASE & CO 5.625 8/16/43 - $2,099,624.26 1,773,000.00
CISCO SYSTEMS INC 5.900 2/15/39 - $2,063,269.93 1,581,000.00
ING GROEP NV 3.950 3/29/27 - $2,045,222.01 2,039,000.00
MORGAN STANLEY 3.875 1/27/26 - $1,992,235.62 1,956,000.00
TIME WARNER CABLE INC 7.300 7/1/38 - $1,964,670.33 1,692,000.00
CISCO SYSTEMS INC 5.500 1/15/40 - $1,958,676.18 1,556,000.00
HSBC HOLDINGS PLC 5.250 3/14/44 - $1,955,008.55 1,807,000.00
CONOCOPHILLIPS HLDG CO 6.950 4/15/29 - $1,929,217.92 1,494,000.00
VALE OVERSEAS LTD 6.250 8/10/26 - $1,887,900.00 1,740,000.00
ASTRAZENECA PLC 3.375 11/16/25 - $1,856,489.67 1,858,000.00
AMERICA MOVIL SAB DE CV 6.125 3/30/40 - $1,844,730.59 1,486,000.00
GENERAL ELECTRIC CO 4.500 3/11/44 - $1,818,512.00 2,000,000.00
WELLS FARGO & COMPANY 3.000 4/22/26 - $1,816,414.72 1,867,000.00
MORGAN STANLEY 4.300 1/27/45 - $1,813,878.89 1,808,000.00
MORGAN STANLEY 5.000 11/24/25 - $1,811,130.36 1,693,000.00
KRAFT HEINZ FOODS CO 5.000 6/4/42 - $1,788,791.63 1,911,000.00
GE CAPITAL INTL FUNDING 4.418 11/15/35 - $1,788,739.61 1,945,000.00
CITIGROUP INC 4.300 11/20/26 - $1,787,946.70 1,761,000.00
HSBC BANK USA NA 5.875 11/1/34 - $1,779,695.96 1,496,000.00
BERKSHIRE HATHAWAY ENERG 6.125 4/1/36 - $1,764,631.28 1,414,000.00
APPLE INC 2.500 2/9/25 - $1,763,508.81 1,795,000.00
VERIZON COMMUNICATIONS INC 4.862 8/21/46 - $1,746,488.27 1,650,000.00
GE CAPITAL INTL FUNDING 3.373 11/15/25 - $1,746,402.34 1,800,000.00
WELLS FARGO & COMPANY 3.000 10/23/26 - $1,746,302.26 1,796,000.00
JPMORGAN CHASE & CO 5.500 10/15/40 - $1,745,941.03 1,476,000.00
DAIMLER FINANCE NORTH AMERICA LLC 8.500 1/18/31 - $1,737,740.15 1,229,000.00
BANCO SANTANDER SA 4.250 4/11/27 - $1,735,402.90 1,731,000.00
METLIFE INC 4.050 3/1/45 - $1,734,207.61 1,751,000.00
WYETH LLC 5.950 4/1/37 - $1,733,740.38 1,377,000.00
WELLS FARGO & CO 3.000 2/19/25 - $1,733,659.43 1,752,000.00
SHELL INTL FINANCE BV 6.375 12/15/38 - $1,731,251.57 1,291,000.00
MORGAN STANLEY 4.350 9/8/26 - $1,730,654.47 1,689,000.00
GLAXOSMITHKLINE CAPITAL INC 3.875 5/15/28 - $1,724,928.12 1,650,000.00
MEDTRONIC INC 4.375 3/15/35 - $1,714,258.91 1,592,000.00
PFIZER INC 3.000 12/15/26 - $1,694,680.87 1,696,000.00
SHELL INTL FINANCE BV 3.250 5/11/25 - $1,690,937.13 1,662,000.00
VODAFONE GROUP PLC 4.125 5/30/25 - $1,689,971.24 1,652,000.00
UNITED TECHNOLOGIES CORP 6.125 7/15/38 - $1,685,626.84 1,406,000.00
WILLIAMS PARTNERS LP 6.300 4/15/40 - $1,683,859.79 1,454,000.00
MITSUBISHI UFJ FIN GRP 3.677 2/22/27 - $1,682,553.78 1,646,000.00
CATERPILLAR INC 3.803 8/15/42 - $1,648,145.81 1,658,000.00
BANK OF AMERICA CORP 5.875 2/7/42 - $1,645,636.11 1,322,000.00
LLOYDS BANKING GROUP PLC 4.344 1/9/48 - $1,640,288.94 1,850,000.00
UNITEDHEALTH GROUP INC 4.750 7/15/45 - $1,640,188.50 1,476,000.00
VALE OVERSEAS LTD 6.875 11/10/39 - $1,638,560.00 1,463,000.00
VERIZON COMMUNICATIONS 4.500 8/10/33 - $1,630,997.49 1,546,000.00
MERCK & CO INC 4.150 5/18/43 - $1,606,737.33 1,527,000.00
JPMORGAN CHASE & CO 4.950 6/1/45 - $1,597,992.80 1,459,000.00
SHELL INTERNATIONAL FIN 3.750 9/12/46 - $1,584,853.03 1,603,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD 3.750 3/26/25 - $1,569,372.45 1,559,000.00
FORD MOTOR CREDIT CO LLC 4.389 1/8/26 - $1,557,200.30 1,685,000.00
BANK OF AMERICA CORP 6.110 1/29/37 - $1,540,686.71 1,306,000.00
BHP BILLITON FINANCE USA LTD 5.000 9/30/43 - $1,536,329.12 1,316,000.00
ECOPETROL SA 5.875 5/28/45 - $1,531,228.50 1,499,000.00
AT&T INC 5.350 9/1/40 - $1,510,188.88 1,450,000.00
JPMORGAN CHASE & CO 5.400 1/6/42 - $1,505,303.85 1,284,000.00
ALTRIA GROUP INC 5.375 1/31/44 - $1,494,977.39 1,500,000.00
CITIGROUP INC 4.400 6/10/25 - $1,493,019.06 1,445,000.00
LLOYDS BANKING GROUP PLC 4.582 12/10/25 - $1,485,237.90 1,469,000.00
UNITED PARCEL SERVICE INC 6.200 1/15/38 - $1,483,815.29 1,164,000.00
JPMORGAN CHASE & CO 6.400 5/15/38 - $1,480,480.08 1,147,000.00
BANK OF AMERICA CORP 7.750 5/14/38 - $1,473,177.93 1,061,000.00
BHP BILLITON FINANCE USA LTD 4.125 2/24/42 - $1,466,158.25 1,412,000.00
WELLS FARGO & COMPANY 4.100 6/3/26 - $1,458,757.36 1,428,000.00
LLOYDS BANKING GROUP PLC 4.500 11/4/24 - $1,457,605.12 1,434,000.00
VODAFONE GROUP PLC 4.375 5/30/28 - $1,433,672.11 1,412,000.00
COCA-COLA CO 2.875 10/27/25 - $1,430,467.76 1,420,000.00
BP CAPITAL MARKETS PLC 3.506 3/17/25 - $1,423,019.34 1,394,000.00
SOUTHERN COPPER CORP 5.875 4/23/45 - $1,415,903.33 1,284,000.00
GENERAL MOTORS CO 5.200 4/1/45 - $1,409,058.29 1,600,000.00
SUMITOMO MITSUI FINL GRP 2.632 7/14/26 - $1,387,530.04 1,454,000.00
BANK OF AMERICA CORP 5.000 1/21/44 - $1,379,411.65 1,235,000.00
HSBC HOLDINGS PLC 3.900 5/25/26 - $1,374,742.56 1,364,000.00
VERIZON COMMUNICATIONS 4.272 1/15/36 - $1,367,086.64 1,351,000.00
BANK OF AMERICA CORP 4.450 3/3/26 - $1,364,606.32 1,313,000.00
CITIGROUP INC 4.600 3/9/26 - $1,355,834.48 1,300,000.00
APPLE INC 3.450 2/9/45 - $1,349,010.64 1,443,000.00
AXA SA 8.600 12/15/30 - $1,332,230.00 1,016,000.00
FIRSTENERGY CORP 7.375 11/15/31 - $1,331,270.24 1,008,000.00
MORGAN STANLEY 4.000 7/23/25 - $1,328,103.90 1,294,000.00
DUKE ENERGY FLORIDA INC 6.400 6/15/38 - $1,317,260.04 986,000.00
WELLS FARGO & COMPANY 3.550 9/29/25 - $1,314,348.22 1,293,000.00
SHELL INTERNATIONAL FIN 4.000 5/10/46 - $1,307,971.09 1,278,000.00
ORACLE CORP 6.125 7/8/39 - $1,302,879.48 1,027,000.00
MIZUHO FINANCIAL GROUP 3.170 9/11/27 - $1,301,912.33 1,321,000.00
HCA INC 5.250 4/15/25 - $1,297,509.82 1,211,000.00
VIACOM INC 4.375 3/15/43 - $1,291,260.96 1,475,000.00
APPLE INC 3.850 5/4/43 - $1,280,527.58 1,275,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD 4.875 5/15/45 - $1,280,274.71 1,200,000.00
BARCLAYS PLC 5.250 8/17/45 - $1,269,437.60 1,240,000.00
COMCAST CORP 4.250 1/15/33 - $1,265,050.07 1,202,000.00
NBCUNIVERSAL MEDIA LLC 4.450 1/15/43 - $1,259,358.62 1,232,000.00
VODAFONE GROUP PLC 6.150 2/27/37 - $1,257,432.58 1,136,000.00
JPMORGAN CHASE & CO 5.600 7/15/41 - $1,244,325.65 1,033,000.00
BANK OF AMERICA CORP 3.950 4/21/25 - $1,238,442.93 1,217,000.00
WALT DISNEY COMPANY/THE 1.850 7/30/26 - $1,233,124.74 1,330,000.00
SOUTHERN COPPER CORP 6.750 4/16/40 - $1,231,527.80 1,035,000.00
COMCAST CORP 4.650 7/15/42 - $1,228,533.45 1,160,000.00
COMCAST CORP 6.500 11/15/35 - $1,223,854.38 977,000.00
AMERICAN EXPRESS CO 4.050 12/3/42 - $1,209,505.45 1,189,000.00
ANADARKO PETROLEUM CORP 6.450 9/15/36 - $1,199,475.06 1,050,000.00
ROYAL BANK OF SCOTLAND GROUP PLC 4.800 4/5/26 - $1,187,683.25 1,152,000.00
MICROSOFT CORP 5.300 2/8/41 - $1,183,987.67 960,000.00
ANHEUSER-BUSCH INBEV WORLDWIDE INC 3.750 7/15/42 - $1,183,461.11 1,381,000.00
DOW CHEMICAL CO 7.375 11/1/29 - $1,181,122.66 939,000.00
METLIFE INC 4.875 11/13/43 - $1,164,705.08 1,052,000.00
SUNCOR ENERGY INC 6.500 6/15/38 - $1,153,553.15 922,000.00
AMERICA MOVIL SAB DE CV 6.375 3/1/35 - $1,152,498.55 938,000.00
SOUTHERN COPPER CORP 5.250 11/8/42 - $1,151,289.36 1,126,000.00
WEYERHAEUSER CO 7.375 3/15/32 - $1,151,053.66 880,000.00
VIACOM INC 6.875 4/30/36 - $1,149,304.52 991,000.00
ECOPETROL SA 4.125 1/16/25 - $1,127,748.42 1,121,000.00
LOCKHEED MARTIN CORP 4.070 12/15/42 - $1,126,937.39 1,118,000.00
VALERO ENERGY CORP 6.625 6/15/37 - $1,116,117.74 918,000.00
INTL BUSINESS MACHINES CORP 4.000 6/20/42 - $1,104,684.50 1,138,000.00
FIFTH THIRD BANCORP 8.250 3/1/38 - $1,098,640.87 784,000.00
AT&T INC 5.550 8/15/41 - $1,080,619.73 1,020,000.00
COMCAST CORP 4.750 3/1/44 - $1,079,963.18 1,003,000.00
ASCENSION HEALTH 3.945 11/15/46 - $1,077,788.07 1,059,000.00
PHILLIPS 66 5.875 5/1/42 - $1,075,354.32 892,000.00
CENOVUS ENERGY INC 6.750 11/15/39 - $1,071,982.48 981,000.00
GENERAL ELECTRIC CO 5.875 1/14/38 - $1,066,968.69 1,000,000.00
NEXEN ENERGY ULC 6.400 5/15/37 - $1,055,340.20 833,000.00
BANK OF AMERICA CORP 4.000 1/22/25 - $1,045,410.53 1,025,000.00
KINDER MORGAN ENERGY PARTNERS LP 6.950 1/15/38 - $1,044,345.95 862,000.00
SHELL INTL FINANCE BV 4.550 8/12/43 - $1,043,436.14 945,000.00
APPLE INC 4.450 5/6/44 - $1,041,830.20 960,000.00
ANTHEM INC 4.650 1/15/43 - $1,041,063.76 1,016,000.00
HALLIBURTON CO 7.450 9/15/39 - $1,023,307.83 763,000.00
VERIZON COMMUNICATIONS 5.012 4/15/49 - $1,020,150.85 940,000.00
VERIZON COMMUNICATIONS INC 4.522 9/15/48 - $1,019,191.54 1,000,000.00
ORACLE CORP 6.500 4/15/38 - $1,014,142.88 773,000.00
HESS CORP 5.600 2/15/41 - $1,010,796.17 1,013,000.00
BANK OF AMERICA CORP 4.250 10/22/26 - $1,010,778.35 985,000.00
LLOYDS BANKING GROUP PLC 3.750 1/11/27 - $1,010,660.77 1,030,000.00
UNITEDHEALTH GROUP INC 3.100 3/15/26 - $984,526.11 987,000.00
WELLS FARGO & COMPANY 4.750 12/7/46 - $979,795.43 943,000.00
PFIZER INC 2.750 6/3/26 - $977,333.45 994,000.00
AMERICA MOVIL SAB DE CV 4.375 7/16/42 - $974,443.07 944,000.00
STATE STREET CORP 3.550 8/18/25 - $968,553.68 934,000.00
BERKSHIRE HATHAWAY INC 4.500 2/11/43 - $961,913.75 894,000.00
WALT DISNEY COMPANY/THE 3.000 2/13/26 - $957,667.30 955,000.00
MICROSOFT CORP 4.500 10/1/40 - $952,557.84 852,000.00
TELEFONICA EUROPE BV 8.250 9/15/30 - $952,055.81 723,000.00
VALE OVERSEAS LTD 6.875 11/21/36 - $943,717.50 837,000.00
UNITEDHEALTH GROUP INC 4.625 7/15/35 - $933,061.19 839,000.00
HP INC 6.000 9/15/41 - $918,439.96 865,000.00
JEFFERIES GRP LLC / CAP 4.150 1/23/30 - $915,996.83 1,004,000.00
STATE STREET CORP 3.300 12/16/24 - $912,127.61 891,000.00
FORD MOTOR CREDIT CO LLC 4.134 8/4/25 - $910,967.63 985,000.00
WESTPAC BANKING CORP 3.350 3/8/27 - $909,445.42 909,000.00
COOPERATIEVE CENTRALE RAIFFEISEN BOERENLEENBANK BA 5.250 5/24/41 - $895,348.34 750,000.00
VERIZON COMMUNICATIONS 2.625 8/15/26 - $888,017.54 931,000.00
JPMORGAN CHASE & CO 4.250 10/1/27 - $886,895.73 854,000.00
GENERAL ELECTRIC CAPITAL CORP 6.875 1/10/39 - $883,226.94 750,000.00
TARGET CORP 2.500 4/15/26 - $877,645.46 904,000.00
CITIGROUP INC 5.875 1/30/42 - $856,308.36 707,000.00
NATIONAL AUSTRALIA BK/NY 2.500 7/12/26 - $852,024.68 902,000.00
JM SMUCKER CO 3.500 3/15/25 - $849,505.70 852,000.00
EL PASO LLC 7.750 1/15/32 - $845,115.53 649,000.00
VERIZON COMMUNICATIONS 5.250 3/16/37 - $842,146.36 750,000.00
WELLS FARGO & COMPANY 5.375 11/2/43 - $838,698.10 748,000.00
CITIGROUP INC 3.700 1/12/26 - $837,901.84 827,000.00
UNITEDHEALTH GROUP INC 6.875 2/15/38 - $836,090.30 612,000.00
JPMORGAN CHASE & CO 4.850 2/1/44 - $827,702.03 750,000.00
EMBRAER NETHERLANDS FINA 5.050 6/15/25 - $819,300.80 776,000.00
SUMITOMO MITSUI FINL GRP 3.446 1/11/27 - $815,622.33 811,000.00
BANCO SANTANDER SA 4.379 4/12/28 - $806,805.90 804,000.00
PNC BANK NA 4.050 7/26/28 - $804,333.24 772,000.00
CITIGROUP INC 3.400 5/1/26 - $793,413.22 801,000.00
BAKER HUGHES INC 5.125 9/15/40 - $789,312.88 762,000.00
VODAFONE GROUP PLC 5.000 5/30/38 - $788,211.77 804,000.00
RIO TINTO FINANCE (USA) LTD 5.200 11/2/40 - $784,317.45 662,000.00
UNITEDHEALTH GROUP INC 3.850 6/15/28 - $782,989.97 750,000.00
FORD MOTOR COMPANY 4.750 1/15/43 - $779,569.99 1,000,000.00
GOLDMAN SACHS GROUP INC 5.150 5/22/45 - $778,716.57 750,000.00
LLOYDS BANKING GROUP PLC 4.550 8/16/28 - $774,600.68 750,000.00
IBM CORP 3.450 2/19/26 - $773,214.93 762,000.00
BANCO SANTANDER SA 3.800 2/23/28 - $771,754.66 800,000.00
CITIGROUP INC 3.875 3/26/25 - $769,562.17 763,000.00
TIME WARNER ENTERTAINMENT 8.375 7/15/33 - $766,384.25 596,000.00
WAL MART STORES INC 5.250 9/1/35 - $760,903.88 638,000.00
CNOOC FINANCE (2015) USA LLC 3.500 5/5/25 - $752,769.75 750,000.00
HSBC HOLDINGS PLC 4.300 3/8/26 - $748,368.66 725,000.00
THE WALT DISNEY COMPANY 2.950 6/15/27 - $744,858.68 750,000.00
TELEFONICA EMISIONES SAU 5.213 3/8/47 - $743,858.93 750,000.00
WELLS FARGO & COMPANY 4.400 6/14/46 - $741,551.79 750,000.00
COCA-COLA CO 2.250 9/1/26 - $731,392.72 768,000.00
FORD MOTOR CO 7.450 7/16/31 - $718,551.16 675,000.00
CANADIAN NATURAL RESOURCES LTD 6.250 3/15/38 - $711,875.01 596,000.00
VERIZON COMMUNICATIONS 4.125 8/15/46 - $710,303.14 745,000.00
ASTRAZENECA PLC 4.000 9/18/42 - $707,754.73 741,000.00
LLOYDS BANKING GROUP PLC 4.650 3/24/26 - $706,659.43 701,000.00
ABBVIE INC 4.400 11/6/42 - $693,076.97 750,000.00
BARCLAYS PLC 4.950 1/10/47 - $690,347.94 700,000.00
BARCLAYS PLC 3.650 3/16/25 - $674,398.98 692,000.00
TRANSCANADA PIPELINES 7.625 1/15/39 - $670,830.99 500,000.00
GENERAL ELECTRIC CO 4.125 10/9/42 - $627,909.92 725,000.00
ASTRAZENECA PLC 4.375 11/16/45 - $608,249.44 600,000.00
MIZUHO FINANCIAL GROUP INC 2.839 9/13/26 - $595,344.00 617,000.00
MANULIFE FINANCIAL CORP 4.150 3/4/26 - $580,002.85 552,000.00
TARGET CORP 3.625 4/15/46 - $561,308.52 600,000.00
MORGAN STANLEY 3.700 10/23/24 - $542,948.72 534,000.00
SHELL INTL FINANCE BV 5.500 3/25/40 - $538,879.89 440,000.00
BANK OF AMERICA CORP 3.500 4/19/26 - $537,990.65 535,000.00
ANHEUSER-BUSCH INBEV WOR 4.950 1/15/42 - $532,748.95 528,000.00
MIZUHO FINANCIAL GROUP 4.018 3/5/28 - $527,207.60 502,000.00
MORGAN STANLEY 6.375 7/24/42 - $519,659.89 404,000.00
WESTPAC BANKING CORP 2.700 8/19/26 - $501,595.55 523,000.00
GENERAL MOTORS CO 6.250 10/2/43 - $435,096.59 438,000.00
NOVARTIS CAPITAL CORP 4.400 5/6/44 - $430,643.89 394,000.00
BNP PARIBAS 4.250 10/15/24 - $418,559.99 409,000.00
SUMITOMO MITSUI FINL GRP 3.010 10/19/26 - $392,295.34 401,000.00
MORGAN STANLEY 4.375 1/22/47 - $373,689.65 367,000.00
TARGET CORP 4.000 7/1/42 - $349,539.41 349,000.00
CITIGROUP INC 4.125 7/25/28 - $349,087.87 350,000.00
SHELL INTERNATIONAL FINANCE BV 4.125 5/11/35 - $345,447.03 327,000.00
WELLS FARGO & COMPANY 4.650 11/4/44 - $334,432.82 328,000.00
TRANSCANADA PIPELINES 6.200 10/15/37 - $326,438.50 277,000.00
CITIGROUP INC 5.500 9/13/25 - $319,602.96 292,000.00
BANCO SANTANDER SA 5.179 11/19/25 - $314,763.54 300,000.00
THE WALT DISNEY COMPANY 4.125 6/1/44 - $309,838.17 292,000.00
SUMITOMO MITSUI FINL GRP 3.364 7/12/27 - $307,779.08 308,000.00
UNITED TECHNOLOGIES CORP 4.500 6/1/42 - $278,568.47 275,000.00
LLOYDS BANKING GROUP PLC 4.450 5/8/25 - $275,312.83 266,000.00
COOPERATIEVE RABOBANK UA 3.375 5/21/25 - $264,218.12 260,000.00
PHILIP MORRIS INTL INC 4.250 11/10/44 - $263,335.24 275,000.00
COOPERATIEVE RABOBANK UA 4.375 8/4/25 - $258,175.41 250,000.00
TELEFONICA EMISIONES SAU 4.103 3/8/27 - $238,240.42 237,000.00
US12634MAE03 4.375 5/2/28 - $238,045.73 225,000.00
PFIZER INC 4.125 12/15/46 - $233,647.78 225,000.00
UNILEVER CAPITAL CORP 5.900 11/15/32 - $212,922.98 171,000.00
HSBC HOLDING PLC 4.250 8/18/25 - $204,652.64 200,000.00
HSBC HOLDINGS PLC 4.375 11/23/26 - $203,562.86 200,000.00
WELLS FARGO BANK NA 6.600 1/15/38 - $202,997.64 157,000.00
COOPERATIEVE RABOBANK UA 3.750 7/21/26 - $179,483.67 183,000.00
MORGAN STANLEY 3.625 1/20/27 - $153,752.92 154,000.00
SHELL INTERNATIONAL FIN 2.875 5/10/26 - $151,794.66 153,000.00
GLAXOSMITHKLINE CAP INC 3.625 5/15/25 - $117,681.69 114,000.00
PFIZER INC 4.000 12/15/36 - $117,180.43 114,000.00
MORGAN STANLEY 3.125 7/27/26 - $115,454.99 119,000.00
APPLE INC 4.375 5/13/45 - $107,225.01 100,000.00
SHELL INTERNATIONAL FIN 2.500 9/12/26 - $102,907.81 107,000.00
AT&T INC 5.150 3/15/42 - $101,359.47 100,000.00
NET OTHER ASSETS / CASH - - - $8,668,516.61 8,668,516.61