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 Citi 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
  • Learn more about ProShares Interest Rate Hedged Bond ETFs.
  • Read the Report: The Shortcomings of Short-term Bond Funds
  • Watch the Video: Interest Rate Risk and the Benefits of Rate-Hedged Bond ETFs

As of 2/20/18

Description Ticker Symbol Coupon Maturity Date Exposure Value
(Notional + G/L)
Market Value ($) Shares/Contracts
US ULTRA BOND FUTURE 03/20/2018 (WNH8) - - - (39,444,281.25) - (253.00)
US 10YR NOTE FUTURE 03/20/2018 (TYH8) - - - (215,305,578.13) - (1,787.00)
US LONG FUTURE 03/20/2018 (USH8) - - - (277,391,000.00) - (1,928.00)
NEXEN ENERGY ULC - 6.400 5/15/37 - $5,991,626.70 4,860,000.00
MEDTRONIC INC - 3.500 3/15/25 - $5,722,504.89 5,719,000.00
COOPERATIEVE CENTRALE RAIFFEISEN BOERENLEENBANK BA - 5.250 5/24/41 - $4,467,371.34 3,780,000.00
WAL MART STORES INC - 5.250 9/1/35 - $4,149,536.05 3,437,000.00
APPLE INC - 3.200 5/13/25 - $4,124,426.81 4,185,000.00
HSBC HOLDINGS PLC - 6.800 6/1/38 - $4,042,002.49 3,170,000.00
CONOCOPHILLIPS - 6.500 2/1/39 - $4,003,512.77 3,051,000.00
VERIZON COMMUNICATIONS INC - 4.862 8/21/46 - $3,940,608.29 3,921,000.00
VERIZON COMMUNICATIONS - 2.625 8/15/26 - $3,888,347.04 4,261,000.00
GOLDMAN SACHS GROUP INC - 4.250 10/21/25 - $3,884,900.63 3,861,000.00
GENERAL ELECTRIC CO - 5.875 1/14/38 - $3,829,669.33 3,290,000.00
SUMITOMO MITSUI FINANCIAL GROUP INC - 3.784 3/9/26 - $3,744,299.64 3,767,000.00
ASTRAZENECA PLC - 6.450 9/15/37 - $3,680,253.85 2,880,000.00
HSBC HOLDINGS PLC - 6.500 9/15/37 - $3,606,985.87 2,917,000.00
CISCO SYSTEMS INC - 5.500 1/15/40 - $3,586,409.83 2,910,000.00
PACIFIC GAS AND ELECTRIC CO - 6.050 3/1/34 - $3,578,108.92 2,998,000.00
HOME DEPOT INC - 5.875 12/16/36 - $3,511,594.99 2,756,000.00
GOLDMAN SACHS GROUP INC - 5.150 5/22/45 - $3,418,983.07 3,175,000.00
MITSUBISHI UFJ FINANCIAL GROUP INC - 3.850 3/1/26 - $3,379,986.63 3,365,000.00
BARCLAYS PLC - 4.375 1/12/26 - $3,223,028.59 3,207,000.00
VERIZON COMMUNICATIONS INC - 4.522 9/15/48 - $3,149,901.20 3,322,000.00
PFIZER INC - 7.200 3/15/39 - $3,133,517.94 2,161,000.00
NOVARTIS CAPITAL CORP - 4.400 5/6/44 - $3,111,372.42 2,899,000.00
CITIGROUP INC - 4.450 9/29/27 - $3,075,914.97 3,014,000.00
HCA INC - 5.250 4/15/25 - $3,072,531.93 2,977,000.00
MORGAN STANLEY - 5.000 11/24/25 - $3,063,464.93 2,875,000.00
TELEFONICA EMISIONES SAU - 7.045 6/20/36 - $2,950,450.23 2,295,000.00
GOLDMAN SACHS GROUP INC - 6.750 10/1/37 - $2,927,184.30 2,322,000.00
GENERAL ELECTRIC CAPITAL CORP - 6.750 3/15/32 - $2,927,021.82 2,339,000.00
CRED SUIS GP FUN LTD - 4.550 4/17/26 - $2,917,496.59 2,823,000.00
GOLDMAN SACHS GROUP INC - 6.125 2/15/33 - $2,909,450.96 2,415,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD - 4.875 5/15/45 - $2,901,055.64 2,728,000.00
BANCO SANTANDER SA - 4.250 4/11/27 - $2,897,741.57 2,905,000.00
JPMORGAN CHASE & CO - 4.850 2/1/44 - $2,887,699.96 2,632,000.00
FORD MOTOR CO - 7.450 7/16/31 - $2,878,264.61 2,350,000.00
ALTRIA GROUP INC - 5.375 1/31/44 - $2,840,321.08 2,485,000.00
COMCAST CORP - 6.500 11/15/35 - $2,829,350.77 2,216,000.00
ORACLE CORP - 6.125 7/8/39 - $2,726,843.53 2,092,000.00
BARCLAYS PLC - 5.200 5/12/26 - $2,724,949.95 2,650,000.00
MORGAN STANLEY - 3.875 1/27/26 - $2,711,314.66 2,702,000.00
APPLE INC - 3.450 5/6/24 - $2,693,664.24 2,670,000.00
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV - 3.150 10/1/26 - $2,672,170.13 3,266,000.00
INTL BUSINESS MACHINES CORP - 3.625 2/12/24 - $2,663,651.40 2,617,000.00
MEDTRONIC INC - 4.375 3/15/35 - $2,653,319.95 2,499,000.00
SHELL INTL FINANCE BV - 4.375 5/11/45 - $2,641,017.33 2,534,000.00
WALT DISNEY COMPANY/THE - 1.850 7/30/26 - $2,634,658.03 2,974,000.00
BARCLAYS PLC - 4.950 1/10/47 - $2,633,891.82 2,539,000.00
TIME WARNER CABLE INC - 6.750 6/15/39 - $2,598,187.52 2,289,000.00
GOLDMAN SACHS GROUP INC - 6.250 2/1/41 - $2,589,328.93 2,043,000.00
VERIZON COMMUNICATIONS - 4.272 1/15/36 - $2,552,793.80 2,647,000.00
BANK OF AMERICA CORP - 7.750 5/14/38 - $2,544,203.55 1,785,000.00
ABBVIE INC - 4.400 11/6/42 - $2,539,365.84 2,531,000.00
TIME WARNER CABLE INC - 7.300 7/1/38 - $2,491,584.71 2,086,000.00
CITIGROUP INC - 6.675 9/13/43 - $2,456,450.81 1,881,000.00
WELLS FARGO & CO - 3.000 2/19/25 - $2,424,922.98 2,530,000.00
SOUTHERN COPPER CORP - 5.250 11/8/42 - $2,400,221.93 2,242,000.00
TELEFONICA EMISIONES SAU - 5.213 3/8/47 - $2,376,106.29 2,218,000.00
SHELL INTL FINANCE BV - 5.500 3/25/40 - $2,371,948.01 1,978,000.00
WYETH LLC - 5.950 4/1/37 - $2,369,318.94 1,852,000.00
JPMORGAN CHASE & CO - 3.625 5/13/24 - $2,365,248.42 2,354,000.00
GENERAL ELECTRIC CAPITAL CORP - 6.875 1/10/39 - $2,365,238.71 1,824,000.00
GENERAL ELECTRIC CO - 4.125 10/9/42 - $2,344,899.13 2,498,000.00
VERIZON COMMUNICATIONS INC - 5.150 9/15/23 - $2,323,574.15 2,138,000.00
PROCTER & GAMBLE CO/THE - 3.100 8/15/23 - $2,314,909.79 2,309,000.00
SHELL INTL FINANCE BV - 3.250 5/11/25 - $2,285,832.11 2,322,000.00
21ST CENTURY FOX AMERICA INC - 6.650 11/15/37 - $2,279,575.82 1,746,000.00
METLIFE INC - 4.050 3/1/45 - $2,278,537.99 2,363,000.00
FIRSTENERGY CORP - 7.375 11/15/31 - $2,272,793.85 1,726,000.00
AXA SA - 8.600 12/15/30 - $2,257,110.00 1,618,000.00
AT&T INC - 5.350 9/1/40 - $2,254,673.03 2,194,000.00
WEYERHAEUSER CO - 7.375 3/15/32 - $2,250,253.51 1,722,000.00
INTL BUSINESS MACHINES CORP - 4.000 6/20/42 - $2,221,909.10 2,201,000.00
HSBC HOLDINGS PLC - 6.500 5/2/36 - $2,210,642.66 1,806,000.00
JPMORGAN CHASE & CO - 3.875 2/1/24 - $2,202,328.34 2,158,000.00
ROYAL BK SCOTLND GRP PLC - 3.875 9/12/23 - $2,200,925.24 2,218,000.00
NBCUNIVERSAL MEDIA LLC - 5.950 4/1/41 - $2,187,135.95 1,778,000.00
METLIFE INC - 5.700 6/15/35 - $2,184,619.70 1,823,000.00
WESTPAC BANKING CORP - 2.850 5/13/26 - $2,166,831.70 2,300,000.00
GENERAL MOTORS CO - 6.250 10/2/43 - $2,155,692.87 1,921,000.00
UNITED TECHNOLOGIES CORP - 4.500 6/1/42 - $2,150,126.42 2,065,000.00
DAIMLER FINANCE NORTH AMERICA LLC - 8.500 1/18/31 - $2,148,064.94 1,481,000.00
VALE SA - 5.625 9/11/42 - $2,121,120.00 1,964,000.00
VALE OVERSEAS LTD - 6.875 11/10/39 - $2,117,407.50 1,755,000.00
CATERPILLAR INC - 3.803 8/15/42 - $2,111,810.55 2,120,000.00
UNITEDHEALTH GROUP INC - 3.750 7/15/25 - $2,111,644.24 2,081,000.00
CISCO SYSTEMS INC - 3.625 3/4/24 - $2,107,830.98 2,060,000.00
LLOYDS BANKING GROUP PLC - 4.500 11/4/24 - $2,086,339.65 2,054,000.00
BHP BILLITON FINANCE USA LTD - 5.000 9/30/43 - $2,083,765.11 1,825,000.00
BARCLAYS PLC - 4.375 9/11/24 - $2,070,569.42 2,082,000.00
COCA-COLA CO - 3.200 11/1/23 - $2,058,847.20 2,034,000.00
ROYAL BANK OF SCOTLAND GROUP PLC - 4.800 4/5/26 - $2,054,347.13 1,994,000.00
JPMORGAN CHASE & CO - 5.500 10/15/40 - $2,039,984.87 1,716,000.00
MASTERCARD INC - 3.375 4/1/24 - $2,039,491.31 2,036,000.00
FORD MOTOR CREDIT CO LLC - 4.375 8/6/23 - $2,023,118.08 1,979,000.00
VALE OVERSEAS LTD - 6.875 11/21/36 - $2,019,291.46 1,682,000.00
GEORGIA POWER CO - 4.300 3/15/42 - $2,017,975.51 1,974,000.00
GE CAPITAL INTL FUNDING - 4.418 11/15/35 - $2,013,315.56 2,036,000.00
ORACLE CORP - 6.500 4/15/38 - $1,998,820.65 1,481,000.00
GLAXOSMITHKLINE CAPITAL INC - 6.375 5/15/38 - $1,966,792.79 1,485,000.00
WELLS FARGO & COMPANY - 4.100 6/3/26 - $1,966,636.80 1,961,000.00
PFIZER INC - 3.000 12/15/26 - $1,957,249.20 2,028,000.00
RABOBANK NEDERLAND - 4.625 12/1/23 - $1,956,193.42 1,867,000.00
COMCAST CORP - 4.250 1/15/33 - $1,953,202.39 1,886,000.00
UNITEDHEALTH GROUP INC - 4.750 7/15/45 - $1,941,759.22 1,746,000.00
AT&T INC - 5.550 8/15/41 - $1,922,920.51 1,822,000.00
DEUTSCHE BANK AG (LONDON BRANCH) - 3.700 5/30/24 - $1,887,854.88 1,943,000.00
AMERICA MOVIL SAB DE CV - 6.125 3/30/40 - $1,887,294.01 1,574,000.00
NOVARTIS CAPITAL CORP - 3.400 5/6/24 - $1,883,882.44 1,863,000.00
CANADIAN NATURAL RESOURCES LTD - 6.250 3/15/38 - $1,875,777.17 1,548,000.00
WELLS FARGO & CO - 3.900 5/1/45 - $1,875,370.71 1,948,000.00
COCA-COLA CO - 2.250 9/1/26 - $1,857,179.59 2,004,000.00
MITSUBISHI UFJ FIN GRP - 3.677 2/22/27 - $1,855,943.45 1,878,000.00
VIACOM INC - 4.375 3/15/43 - $1,851,817.41 2,083,000.00
RIO TINTO FINANCE (USA) LTD - 5.200 11/2/40 - $1,842,361.79 1,579,000.00
WILLIAMS PARTNERS LP - 6.300 4/15/40 - $1,818,918.43 1,539,000.00
FIFTH THIRD BANCORP - 8.250 3/1/38 - $1,806,884.98 1,256,000.00
VALERO ENERGY CORP - 6.625 6/15/37 - $1,805,307.00 1,458,000.00
WELLS FARGO & COMPANY - 3.000 10/23/26 - $1,795,848.63 1,904,000.00
BPCE SA - 4.000 4/15/24 - $1,795,622.38 1,759,000.00
APACHE CORP - 6.000 1/15/37 - $1,792,968.06 1,567,000.00
BLACKROCK INC - 3.500 3/18/24 - $1,788,995.79 1,758,000.00
PFIZER INC - 3.400 5/15/24 - $1,788,910.99 1,772,000.00
APPLE INC - 3.450 2/9/45 - $1,788,062.85 1,987,000.00
MORGAN STANLEY - 3.875 4/29/24 - $1,786,973.37 1,765,000.00
FORD MOTOR COMPANY - 4.750 1/15/43 - $1,781,058.87 1,920,000.00
MEDTRONIC INC - 4.625 3/15/45 - $1,773,520.14 1,633,000.00
MANULIFE FINANCIAL CORP - 4.150 3/4/26 - $1,769,733.18 1,731,000.00
CREDIT SUISSE NEW YORK - 3.625 9/9/24 - $1,748,076.49 1,749,000.00
TARGET CORP - 3.625 4/15/46 - $1,742,148.70 1,922,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD - 3.750 3/26/25 - $1,741,312.34 1,765,000.00
VODAFONE GROUP PLC - 6.150 2/27/37 - $1,724,760.95 1,436,000.00
MICROSOFT CORP - 4.500 10/1/40 - $1,721,671.58 1,567,000.00
BANK OF AMERICA CORP - 5.000 1/21/44 - $1,713,198.98 1,531,000.00
GENERAL ELECTRIC CO - 4.500 3/11/44 - $1,711,417.11 1,725,000.00
CITIGROUP INC - 4.750 5/18/46 - $1,706,988.61 1,664,000.00
COCA-COLA CO - 2.875 10/27/25 - $1,704,474.41 1,756,000.00
ECOPETROL SA - 5.875 9/18/23 - $1,691,802.12 1,572,000.00
TARGET CORP - 2.500 4/15/26 - $1,687,322.91 1,813,000.00
ANADARKO PETROLEUM CORP - 6.450 9/15/36 - $1,680,168.47 1,425,000.00
MIZUHO FINANCIAL GROUP - 3.170 9/11/27 - $1,673,528.57 1,773,000.00
PHILLIPS 66 - 5.875 5/1/42 - $1,673,130.78 1,412,000.00
TRANSCANADA PIPELINES - 6.200 10/15/37 - $1,654,798.75 1,308,000.00
ANHEUSER-BUSCH INBEV FIN - 3.700 2/1/24 - $1,650,349.79 1,627,000.00
ECOPETROL SA - 5.875 5/28/45 - $1,636,459.20 1,656,000.00
PHILIP MORRIS INTL INC - 6.375 5/16/38 - $1,624,098.95 1,264,000.00
APPLE INC - 3.850 5/4/43 - $1,623,392.64 1,668,000.00
HESS CORP - 5.600 2/15/41 - $1,622,209.54 1,589,000.00
CITIGROUP INC - 4.600 3/9/26 - $1,614,485.17 1,564,000.00
21ST CENTURY FOX AMERICA INC - 6.150 3/1/37 - $1,608,241.06 1,286,000.00
ASTRAZENECA PLC - 3.375 11/16/25 - $1,598,265.79 1,630,000.00
ANHEUSER-BUSCH INBEV WORLDWIDE INC - 3.750 7/15/42 - $1,586,501.62 1,751,000.00
STATE STREET CORP - 3.550 8/18/25 - $1,578,905.76 1,574,000.00
PHILIP MORRIS INTL INC - 4.250 11/10/44 - $1,578,232.17 1,593,000.00
ING GROEP NV - 3.950 3/29/27 - $1,567,469.93 1,569,000.00
WELLS FARGO & COMPANY - 3.000 4/22/26 - $1,562,106.01 1,653,000.00
PFIZER INC - 2.750 6/3/26 - $1,561,811.94 1,642,000.00
AMERICAN EXPRESS CO - 4.050 12/3/42 - $1,560,016.99 1,579,000.00
GENERAL MOTORS CO - 4.875 10/2/23 - $1,558,727.54 1,486,000.00
BANK OF AMERICA CORP - 3.500 4/19/26 - $1,543,744.04 1,565,000.00
KINDER MORGAN ENERGY PARTNERS LP - 6.950 1/15/38 - $1,524,538.90 1,271,000.00
BERKSHIRE HATHAWAY ENERG - 6.125 4/1/36 - $1,517,837.96 1,194,000.00
UNITED TECHNOLOGIES CORP - 6.125 7/15/38 - $1,514,358.62 1,206,000.00
UNITEDHEALTH GROUP INC - 6.875 2/15/38 - $1,511,978.84 1,104,000.00
HSBC HOLDINGS PLC - 4.375 11/23/26 - $1,511,748.21 1,501,000.00
MOLSON COORS BREWING CO - 5.000 5/1/42 - $1,499,512.19 1,409,000.00
MORGAN STANLEY - 4.375 1/22/47 - $1,497,697.84 1,471,000.00
SHELL INTL FINANCE BV - 4.550 8/12/43 - $1,489,318.79 1,393,000.00
BANK OF AMERICA CORP - 6.110 1/29/37 - $1,487,758.28 1,236,000.00
CITIGROUP INC - 4.400 6/10/25 - $1,483,443.91 1,445,000.00
MERCK & CO INC - 4.150 5/18/43 - $1,482,977.81 1,425,000.00
MORGAN STANLEY - 4.000 7/23/25 - $1,478,133.65 1,456,000.00
KRAFT HEINZ FOODS CO - 5.000 6/4/42 - $1,463,075.63 1,459,000.00
UNITEDHEALTH GROUP INC - 4.625 7/15/35 - $1,454,248.55 1,327,000.00
UNITEDHEALTH GROUP INC - 3.100 3/15/26 - $1,450,876.12 1,494,000.00
EMBRAER NETHERLANDS FINA - 5.050 6/15/25 - $1,450,800.00 1,395,000.00
UNITED PARCEL SERVICE INC - 6.200 1/15/38 - $1,440,595.93 1,110,000.00
VIACOM INC - 6.875 4/30/36 - $1,434,569.95 1,205,000.00
STATOIL ASA - 3.700 3/1/24 - $1,431,971.96 1,403,000.00
LLOYDS BANKING GROUP PLC - 4.650 3/24/26 - $1,423,704.69 1,409,000.00
21ST CENTURY FOX AMERICA INC - 6.400 12/15/35 - $1,421,978.35 1,120,000.00
JPMORGAN CHASE & CO - 4.950 6/1/45 - $1,421,607.67 1,319,000.00
WALT DISNEY COMPANY/THE - 3.000 2/13/26 - $1,421,307.67 1,453,000.00
WESTPAC BANKING CORP - 3.350 3/8/27 - $1,412,769.25 1,458,000.00
CENOVUS ENERGY INC - 6.750 11/15/39 - $1,411,082.13 1,237,000.00
VERIZON COMMUNICATIONS - 4.500 8/10/33 - $1,403,618.35 1,398,000.00
PROCTER & GAMBLE CO/THE - 5.550 3/5/37 - $1,401,074.47 1,120,000.00
BERKSHIRE HATHAWAY INC - 4.500 2/11/43 - $1,400,022.90 1,306,000.00
SHELL INTL FINANCE BV - 6.375 12/15/38 - $1,389,744.50 1,057,000.00
MORGAN STANLEY - 3.700 10/23/24 - $1,389,648.52 1,386,000.00
ALTRIA GROUP INC - 4.000 1/31/24 - $1,386,609.46 1,345,000.00
MORGAN STANLEY - 4.300 1/27/45 - $1,384,399.19 1,370,000.00
COMCAST CORP - 3.600 3/1/24 - $1,370,099.06 1,351,000.00
AT&T INC - 5.150 3/15/42 - $1,343,759.47 1,338,000.00
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV - 4.100 10/1/46 - $1,339,858.45 1,840,000.00
TRANSCANADA PIPELINES - 7.625 1/15/39 - $1,338,783.69 930,000.00
ECOPETROL SA - 4.125 1/16/25 - $1,327,222.40 1,351,000.00
BANK OF AMERICA CORP - 4.000 4/1/24 - $1,317,295.83 1,282,000.00
BANK OF AMERICA CORP - 3.950 4/21/25 - $1,312,368.84 1,313,000.00
CITIGROUP INC - 3.875 3/26/25 - $1,307,054.66 1,315,000.00
AMERICA MOVIL SAB DE CV - 6.375 3/1/35 - $1,299,706.37 1,082,000.00
APPLE INC - 4.375 5/13/45 - $1,290,145.60 1,237,000.00
PFIZER INC - 4.000 12/15/36 - $1,278,667.61 1,239,000.00
RABOBANK INTERNATIONAL (UTRECHT BRANCH) - 5.250 8/4/45 - $1,275,268.67 1,149,000.00
HSBC HOLDINGS PLC - 3.900 5/25/26 - $1,275,200.82 1,274,000.00
ORACLE CORP - 5.375 7/15/40 - $1,265,184.02 1,038,000.00
SUMITOMO MITSUI FINL GRP - 2.632 7/14/26 - $1,256,741.81 1,374,000.00
SHELL INTERNATIONAL FIN - 3.750 9/12/46 - $1,254,588.20 1,315,000.00
BANK OF AMERICA CORP - 4.450 3/3/26 - $1,228,073.75 1,199,000.00
LLOYDS BANKING GROUP PLC - 3.750 1/11/27 - $1,214,813.60 1,248,000.00
HSBC BANK USA NA - 5.875 11/1/34 - $1,213,036.79 1,000,000.00
MORGAN STANLEY - 4.350 9/8/26 - $1,211,536.90 1,189,000.00
UNABLE TO RESOLVE AND COLLECT DATA FOR ALL REQUESTED IDENTIFIERS AND FIELDS. - 3.500 3/15/25 - $1,194,630.56 1,204,000.00
STATE STREET CORP - 3.700 11/20/23 - $1,190,781.46 1,163,000.00
SANTANDER UK PLC - 4.000 3/13/24 - $1,190,126.22 1,165,000.00
IBM CORP - 3.450 2/19/26 - $1,186,462.71 1,186,000.00
BANK OF AMERICA CORP - 4.000 1/22/25 - $1,179,902.51 1,175,000.00
JPMORGAN CHASE & CO - 3.875 9/10/24 - $1,177,677.59 1,165,000.00
21ST CENTURY FOX AMERICA - 6.150 2/15/41 - $1,167,597.00 928,000.00
BANK OF AMERICA CORP - 4.200 8/26/24 - $1,157,374.58 1,130,000.00
APPLE INC - 4.450 5/6/44 - $1,132,144.71 1,068,000.00
MORGAN STANLEY - 3.625 1/20/27 - $1,130,213.73 1,155,000.00
VALE OVERSEAS LTD - 6.250 8/10/26 - $1,118,205.00 990,000.00
WELLS FARGO & COMPANY - 3.550 9/29/25 - $1,107,374.64 1,118,000.00
JPMORGAN CHASE & CO - 5.400 1/6/42 - $1,096,471.38 932,000.00
HSBC HOLDINGS PLC - 5.250 3/14/44 - $1,094,553.30 1,005,000.00
WELLS FARGO & CO - 3.300 9/9/24 - $1,085,326.30 1,100,000.00
EL PASO LLC - 7.750 1/15/32 - $1,069,547.82 843,000.00
WELLS FARGO & COMPANY - 4.900 11/17/45 - $1,059,787.45 1,007,000.00
TIME WARNER ENTERTAINMENT - 8.375 7/15/33 - $1,059,494.98 804,000.00
SUNCOR ENERGY INC - 6.500 6/15/38 - $1,042,031.13 807,000.00
HCA INC - 5.000 3/15/24 - $1,036,186.32 1,014,000.00
APPLE INC - 2.500 2/9/25 - $1,021,492.99 1,081,000.00
LOCKHEED MARTIN CORP - 4.070 12/15/42 - $1,014,431.59 1,032,000.00
BANK OF AMERICA CORP - 4.250 10/22/26 - $992,607.78 985,000.00
TELEFONICA EUROPE BV - 8.250 9/15/30 - $987,932.53 723,000.00
CONOCOPHILLIPS HLDG CO - 6.950 4/15/29 - $978,599.30 769,000.00
SHELL INTERNATIONAL FINANCE BV - 4.125 5/11/35 - $973,011.60 944,000.00
JPMORGAN CHASE & CO - 6.400 5/15/38 - $962,925.43 741,000.00
ASTRAZENECA PLC - 4.375 11/16/45 - $956,317.55 943,000.00
SHELL INTERNATIONAL FIN - 3.400 8/12/23 - $915,094.40 906,000.00
SOUTHERN COPPER CORP - 5.875 4/23/45 - $905,658.77 779,000.00
LLOYDS BANKING GROUP PLC - 4.582 12/10/25 - $892,606.48 881,000.00
GENERAL MOTORS CO - 5.200 4/1/45 - $891,620.48 892,000.00
PEPSICO INC - 5.500 1/15/40 - $886,653.40 720,000.00
CITIGROUP INC - 4.300 11/20/26 - $885,005.41 873,000.00
SHELL INTERNATIONAL FIN - 2.500 9/12/26 - $883,859.20 951,000.00
TELEFONICA EMISIONES SAU - 4.103 3/8/27 - $883,065.27 891,000.00
UNITED TECHNOLOGIES CORP - 5.700 4/15/40 - $881,010.39 733,000.00
WELLS FARGO & COMPANY - 4.650 11/4/44 - $870,882.73 859,000.00
BHP BILLITON FINANCE USA LTD - 4.125 2/24/42 - $870,430.96 852,000.00
JPMORGAN CHASE & CO - 4.250 10/1/27 - $869,189.65 854,000.00
HP INC - 6.000 9/15/41 - $855,143.51 825,000.00
UNILEVER CAPITAL CORP - 5.900 11/15/32 - $852,574.34 687,000.00
TOTAL CAPITAL INTL SA - 3.750 4/10/24 - $844,002.17 822,000.00
ASTRAZENECA PLC - 4.000 9/18/42 - $837,367.79 877,000.00
BANK OF AMERICA CORP - 5.875 2/7/42 - $829,364.33 672,000.00
CISCO SYSTEMS INC - 5.900 2/15/39 - $820,260.10 634,000.00
BANK OF AMERICA CORP - 4.125 1/22/24 - $812,996.09 785,000.00
CITIGROUP INC - 3.400 5/1/26 - $812,032.15 835,000.00
PEPSI BOTTLING GROUP INC - 7.000 3/1/29 - $811,066.31 620,000.00
WELLS FARGO & CO - 4.125 8/15/23 - $789,146.80 771,000.00
SUMITOMO MITSUI FINL GRP - 3.446 1/11/27 - $789,043.26 811,000.00
BAKER HUGHES INC - 5.125 9/15/40 - $787,551.33 722,000.00
VODAFONE GROUP PLC - 4.375 2/19/43 - $786,725.34 821,000.00
HALLIBURTON CO - 7.450 9/15/39 - $776,221.61 563,000.00
JPMORGAN CHASE & CO - 5.600 7/15/41 - $775,230.08 643,000.00
SHELL INTERNATIONAL FIN - 4.000 5/10/46 - $770,613.00 780,000.00
HSBC HOLDINGS PLC - 4.250 3/14/24 - $753,325.69 743,000.00
BP CAPITAL MARKETS PLC - 3.814 2/10/24 - $750,112.35 731,000.00
SUMITOMO MITSUI FINL GRP - 3.364 7/12/27 - $744,644.52 772,000.00
TARGET CORP - 3.500 7/1/24 - $735,194.78 724,000.00
WELLS FARGO & COMPANY - 4.750 12/7/46 - $727,140.27 703,000.00
MIZUHO FINANCIAL GROUP INC - 2.839 9/13/26 - $708,841.50 765,000.00
CITIGROUP INC - 3.700 1/12/26 - $697,391.41 703,000.00
STATE STREET CORP - 3.300 12/16/24 - $695,173.16 699,000.00
TARGET CORP - 4.000 7/1/42 - $667,939.46 682,000.00
PFIZER INC - 4.125 12/15/46 - $650,072.50 634,000.00
CITIGROUP INC - 5.500 9/13/25 - $648,893.25 592,000.00
UNABLE TO RESOLVE AND COLLECT DATA FOR ALL REQUESTED IDENTIFIERS AND FIELDS. - 3.375 5/21/25 - $646,672.85 656,000.00
DOW CHEMICAL CO - 7.375 11/1/29 - $641,878.67 497,000.00
SOUTHERN COPPER CORP - 6.750 4/16/40 - $637,409.78 507,000.00
SANTANDER ISSUANCES SANTAN 5.179 11/19/25 - $630,907.82 600,000.00
JPMORGAN CHASE & CO - 5.625 8/16/43 - $630,004.56 545,000.00
21ST CENTURY FOX AMERICA - 6.200 12/15/34 - $624,533.15 505,000.00
SHELL INTERNATIONAL FIN - 2.875 5/10/26 - $614,421.09 643,000.00
AMERICAN INTL GROUP INC - 4.125 2/15/24 - $591,045.87 576,000.00
VERIZON COMMUNICATIONS - 4.125 8/15/46 - $578,238.62 645,000.00
DISCOVER BANK - 4.200 8/8/23 - $561,273.00 546,000.00
DEVON FINANCING CO LLC - 7.875 9/30/31 - $559,672.75 423,000.00
NBCUNIVERSAL MEDIA LLC - 4.450 1/15/43 - $540,922.09 532,000.00
BNP PARIBAS - 4.250 10/15/24 - $536,318.67 521,000.00
CITIGROUP INC - 4.650 7/30/45 - $528,488.71 493,000.00
ASCENSION HEALTH - 3.945 11/15/46 - $522,781.55 524,000.00
UNABLE TO RESOLVE AND COLLECT DATA FOR ALL REQUESTED IDENTIFIERS AND FIELDS. - 4.375 8/4/25 - $509,217.56 500,000.00
BP CAPITAL MARKETS PLC - 3.506 3/17/25 - $504,793.78 506,000.00
NATIONAL AUSTRALIA BK/NY - 2.500 7/12/26 - $498,582.06 546,000.00
HOWARD HUGHES MEDICAL INSTITUTE - 3.500 9/1/23 - $492,990.35 482,000.00
WELLS FARGO & COMPANY - 5.375 11/2/43 - $471,739.02 423,000.00
COOPERATIEVE RABOBANK UA - 3.750 7/21/26 - $469,854.27 483,000.00
MORGAN STANLEY - 3.125 7/27/26 - $468,243.98 494,000.00
METLIFE INC - 3.600 4/10/24 - $451,294.58 447,000.00
CNOOC FINANCE (2015) USA LLC - 3.500 5/5/25 - $437,146.65 450,000.00
COMCAST CORP - 4.750 3/1/44 - $434,666.13 406,000.00
WESTPAC BANKING CORP - 2.700 8/19/26 - $427,566.50 461,000.00
AMERICA MOVIL SAB DE CV - 4.375 7/16/42 - $375,175.40 375,000.00
DUKE ENERGY FLORIDA INC - 6.400 6/15/38 - $369,264.35 278,000.00
WELLS FARGO BANK NA - 6.600 1/15/38 - $333,967.32 253,000.00
AMERICAN TOWER CORP - 5.000 2/15/24 - $320,068.62 300,000.00
ANTHEM INC - 4.650 1/15/43 - $308,953.42 300,000.00
TOTAL CAPITAL INTL SA - 3.700 1/15/24 - $280,740.54 274,000.00
ANHEUSER-BUSCH INBEV WOR - 4.950 1/15/42 - $250,581.84 232,000.00
SUMITOMO MITSUI FINL GRP - 3.010 10/19/26 - $233,963.11 249,000.00
MICROSOFT CORP - 5.300 2/8/41 - $217,393.56 180,000.00
CITIGROUP INC - 5.875 1/30/42 - $188,364.66 151,000.00
CITIGROUP INC - 4.125 7/25/28 - $179,141.82 180,000.00
NET OTHER ASSETS / CASH - - - - $21,348,575.77 21,348,575.77