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 3/19/19

Description Coupon Maturity Date Exposure Value
(Notional + G/L)
Market Value ($) Shares/Contracts
US 5YR NOTE FUTURE 06/19/2019 (WNM9) - - (35,423,250.00) - (219.00)
US 10YR NOTE FUTURE 06/19/2019 (TYM9) - - (137,865,796.88) - (1,123.00)
US LONG BOND FUTURE 06/19/2019 (USM9) - - (184,559,062.50) - (1,266.00)
GOLDMAN SACHS GROUP INC 6.750 10/1/37 - $5,289,871.98 4,422,000.00
PFIZER INC 7.200 3/15/39 - $4,298,506.71 3,047,000.00
MEDTRONIC INC 3.500 3/15/25 - $4,022,204.96 3,951,000.00
MITSUBISHI UFJ FINANCIAL GROUP INC 3.850 3/1/26 - $3,792,510.47 3,709,000.00
HOME DEPOT INC 5.875 12/16/36 - $3,653,397.36 2,982,000.00
GENERAL ELECTRIC CAPITAL CORP 6.750 3/15/32 - $3,643,155.08 3,175,000.00
GLAXOSMITHKLINE CAPITAL INC 6.375 5/15/38 - $3,597,461.10 2,791,000.00
ASTRAZENECA PLC 6.450 9/15/37 - $3,473,212.02 2,830,000.00
BARCLAYS PLC 4.375 1/12/26 - $3,357,605.39 3,361,000.00
CRED SUIS GP FUN LTD 4.550 4/17/26 - $3,237,240.53 3,131,000.00
RABOBANK INTERNATIONAL (UTRECHT BRANCH) 5.250 8/4/45 - $3,203,100.75 2,925,000.00
APPLE INC 3.200 5/13/25 - $3,082,933.79 3,055,000.00
SHELL INTL FINANCE BV 4.375 5/11/45 - $3,008,566.04 2,842,000.00
CONOCOPHILLIPS 6.500 2/1/39 - $3,003,525.47 2,291,000.00
GOLDMAN SACHS GROUP INC 4.250 10/21/25 - $3,001,549.61 2,964,000.00
MEDTRONIC INC 4.625 3/15/45 - $2,997,926.96 2,717,000.00
SUMITOMO MITSUI FINANCIAL GROUP INC 3.784 3/9/26 - $2,974,146.24 2,923,000.00
VODAFONE GROUP PLC 5.250 5/30/48 - $2,826,039.57 2,912,000.00
CITIGROUP INC 4.450 9/29/27 - $2,553,417.57 2,523,000.00
TELEFONICA EMISIONES SAU 4.895 3/6/48 - $2,513,943.30 2,700,000.00
HSBC HOLDINGS PLC 6.500 5/2/36 - $2,491,911.23 2,078,000.00
TELEFONICA EMISIONES SAU 7.045 6/20/36 - $2,487,927.04 2,096,000.00
COOPERATIEVE RABOBANK UA 5.750 12/1/43 - $2,460,928.65 2,116,000.00
HSBC HOLDINGS PLC 6.800 6/1/38 - $2,433,039.13 1,958,000.00
TIME WARNER CABLE INC 6.750 6/15/39 - $2,372,801.90 2,187,000.00
UNITED TECHNOLOGIES CORP 5.700 4/15/40 - $2,313,009.70 2,047,000.00
WESTPAC BANKING CORP 2.850 5/13/26 - $2,223,433.79 2,316,000.00
GOLDMAN SACHS GROUP INC 6.250 2/1/41 - $2,179,933.36 1,810,000.00
WAL-MART STORES INC 6.500 8/15/37 - $2,125,371.42 1,588,000.00
UNITEDHEALTH GROUP INC 3.750 7/15/25 - $2,089,710.21 2,027,000.00
VERIZON COMMUNICATIONS 4.125 3/16/27 - $2,082,543.99 2,008,000.00
ORACLE CORP 5.375 7/15/40 - $2,045,807.25 1,790,000.00
JPMORGAN CHASE & CO 5.625 8/16/43 - $2,042,721.90 1,773,000.00
CISCO SYSTEMS INC 5.900 2/15/39 - $2,029,820.95 1,581,000.00
ING GROEP NV 3.950 3/29/27 - $2,020,596.45 2,039,000.00
ECOPETROL SA 5.875 5/28/45 - $2,020,489.25 1,999,000.00
MORGAN STANLEY 3.875 1/27/26 - $1,974,290.38 1,956,000.00
VERIZON COMMUNICATIONS 4.500 8/10/33 - $1,963,716.59 1,896,000.00
HSBC HOLDINGS PLC 5.250 3/14/44 - $1,922,223.37 1,807,000.00
CISCO SYSTEMS INC 5.500 1/15/40 - $1,914,986.41 1,556,000.00
TIME WARNER CABLE INC 7.300 7/1/38 - $1,907,657.28 1,692,000.00
CONOCOPHILLIPS HLDG CO 6.950 4/15/29 - $1,905,658.82 1,494,000.00
VALE OVERSEAS LTD 6.250 8/10/26 - $1,851,360.00 1,740,000.00
ASTRAZENECA PLC 3.375 11/16/25 - $1,842,738.44 1,858,000.00
COCA-COLA CO 2.875 10/27/25 - $1,811,364.43 1,820,000.00
AMERICA MOVIL SAB DE CV 6.125 3/30/40 - $1,807,910.86 1,486,000.00
GENERAL ELECTRIC CO 4.500 3/11/44 - $1,804,652.14 2,000,000.00
LOCKHEED MARTIN CORP 4.070 12/15/42 - $1,800,078.21 1,818,000.00
WELLS FARGO & COMPANY 3.000 4/22/26 - $1,796,935.80 1,867,000.00
MORGAN STANLEY 5.000 11/24/25 - $1,793,712.86 1,693,000.00
MORGAN STANLEY 4.300 1/27/45 - $1,775,015.23 1,808,000.00
CITIGROUP INC 4.300 11/20/26 - $1,769,174.16 1,761,000.00
GE CAPITAL INTL FUNDING 4.418 11/15/35 - $1,759,537.95 1,945,000.00
HSBC BANK USA NA 5.875 11/1/34 - $1,758,948.58 1,496,000.00
KRAFT HEINZ FOODS CO 5.000 6/4/42 - $1,758,158.54 1,911,000.00
APPLE INC 2.500 2/9/25 - $1,747,019.65 1,795,000.00
BERKSHIRE HATHAWAY ENERG 6.125 4/1/36 - $1,733,764.70 1,414,000.00
GE CAPITAL INTL FUNDING 3.373 11/15/25 - $1,732,844.02 1,800,000.00
WELLS FARGO & COMPANY 3.000 10/23/26 - $1,724,715.70 1,796,000.00
WELLS FARGO & CO 3.000 2/19/25 - $1,717,853.52 1,752,000.00
BANCO SANTANDER SA 4.250 4/11/27 - $1,717,092.25 1,731,000.00
JPMORGAN CHASE & CO 5.500 10/15/40 - $1,716,320.22 1,476,000.00
HCA INC 5.250 4/15/25 - $1,713,577.80 1,611,000.00
MORGAN STANLEY 4.350 9/8/26 - $1,713,364.79 1,689,000.00
VERIZON COMMUNICATIONS INC 4.862 8/21/46 - $1,712,576.81 1,650,000.00
DAIMLER FINANCE NORTH AMERICA LLC 8.500 1/18/31 - $1,705,340.39 1,229,000.00
GLAXOSMITHKLINE CAPITAL INC 3.875 5/15/28 - $1,704,040.06 1,650,000.00
WYETH LLC 5.950 4/1/37 - $1,703,373.54 1,377,000.00
SHELL INTL FINANCE BV 6.375 12/15/38 - $1,700,571.48 1,291,000.00
METLIFE INC 4.050 3/1/45 - $1,690,971.75 1,751,000.00
MEDTRONIC INC 4.375 3/15/35 - $1,686,100.68 1,592,000.00
WALT DISNEY COMPANY/THE 1.850 7/30/26 - $1,679,804.03 1,830,000.00
VODAFONE GROUP PLC 4.125 5/30/25 - $1,674,921.19 1,652,000.00
SHELL INTL FINANCE BV 3.250 5/11/25 - $1,674,531.48 1,662,000.00
MITSUBISHI UFJ FIN GRP 3.677 2/22/27 - $1,666,934.67 1,646,000.00
PFIZER INC 3.000 12/15/26 - $1,664,471.36 1,696,000.00
UNITED TECHNOLOGIES CORP 6.125 7/15/38 - $1,658,798.80 1,406,000.00
WILLIAMS PARTNERS LP 6.300 4/15/40 - $1,646,725.13 1,454,000.00
BANK OF AMERICA CORP 5.875 2/7/42 - $1,611,800.34 1,322,000.00
CATERPILLAR INC 3.803 8/15/42 - $1,610,129.41 1,658,000.00
LLOYDS BANKING GROUP PLC 4.344 1/9/48 - $1,607,714.45 1,850,000.00
UNITEDHEALTH GROUP INC 4.750 7/15/45 - $1,607,707.39 1,476,000.00
VALE OVERSEAS LTD 6.875 11/10/39 - $1,598,327.50 1,463,000.00
JPMORGAN CHASE & CO 4.950 6/1/45 - $1,566,947.43 1,459,000.00
MERCK & CO INC 4.150 5/18/43 - $1,566,837.05 1,527,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD 3.750 3/26/25 - $1,558,547.58 1,559,000.00
SHELL INTERNATIONAL FIN 3.750 9/12/46 - $1,548,733.62 1,603,000.00
FORD MOTOR CREDIT CO LLC 4.389 1/8/26 - $1,537,311.54 1,685,000.00
BANK OF AMERICA CORP 6.110 1/29/37 - $1,516,277.79 1,306,000.00
BHP BILLITON FINANCE USA LTD 5.000 9/30/43 - $1,512,096.05 1,316,000.00
JPMORGAN CHASE & CO 5.400 1/6/42 - $1,480,274.54 1,284,000.00
CITIGROUP INC 4.400 6/10/25 - $1,479,211.66 1,445,000.00
AT&T INC 5.350 9/1/40 - $1,479,069.21 1,450,000.00
LLOYDS BANKING GROUP PLC 4.582 12/10/25 - $1,474,924.23 1,469,000.00
ALTRIA GROUP INC 5.375 1/31/44 - $1,460,840.03 1,500,000.00
UNITED PARCEL SERVICE INC 6.200 1/15/38 - $1,460,507.84 1,164,000.00
JPMORGAN CHASE & CO 6.400 5/15/38 - $1,453,511.07 1,147,000.00
LLOYDS BANKING GROUP PLC 4.500 11/4/24 - $1,447,923.92 1,434,000.00
BANK OF AMERICA CORP 7.750 5/14/38 - $1,447,768.75 1,061,000.00
WELLS FARGO & COMPANY 4.100 6/3/26 - $1,443,766.05 1,428,000.00
BHP BILLITON FINANCE USA LTD 4.125 2/24/42 - $1,435,897.28 1,412,000.00
VODAFONE GROUP PLC 4.375 5/30/28 - $1,416,486.49 1,412,000.00
BP CAPITAL MARKETS PLC 3.506 3/17/25 - $1,410,481.68 1,394,000.00
SOUTHERN COPPER CORP 5.875 4/23/45 - $1,403,681.64 1,284,000.00
GENERAL MOTORS CO 5.200 4/1/45 - $1,394,175.68 1,600,000.00
SUMITOMO MITSUI FINL GRP 2.632 7/14/26 - $1,372,996.08 1,454,000.00
HSBC HOLDINGS PLC 3.900 5/25/26 - $1,365,357.49 1,364,000.00
BANK OF AMERICA CORP 5.000 1/21/44 - $1,357,187.43 1,235,000.00
BANK OF AMERICA CORP 4.450 3/3/26 - $1,351,616.21 1,313,000.00
CITIGROUP INC 4.600 3/9/26 - $1,342,817.87 1,300,000.00
VERIZON COMMUNICATIONS 4.272 1/15/36 - $1,341,158.45 1,351,000.00
AXA SA 8.600 12/15/30 - $1,320,800.00 1,016,000.00
APPLE INC 3.450 2/9/45 - $1,317,885.87 1,443,000.00
MORGAN STANLEY 4.000 7/23/25 - $1,317,317.17 1,294,000.00
FIRSTENERGY CORP 7.375 11/15/31 - $1,309,471.77 1,008,000.00
WELLS FARGO & COMPANY 3.550 9/29/25 - $1,298,604.50 1,293,000.00
DUKE ENERGY FLORIDA INC 6.400 6/15/38 - $1,293,537.44 986,000.00
MIZUHO FINANCIAL GROUP 3.170 9/11/27 - $1,286,741.12 1,321,000.00
SHELL INTERNATIONAL FIN 4.000 5/10/46 - $1,284,607.87 1,278,000.00
ORACLE CORP 6.125 7/8/39 - $1,282,213.37 1,027,000.00
VIACOM INC 4.375 3/15/43 - $1,276,919.49 1,475,000.00
JEFFERIES GRP LLC / CAP 4.150 1/23/30 - $1,260,316.14 1,404,000.00
BARCLAYS PLC 5.250 8/17/45 - $1,259,623.00 1,240,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD 4.875 5/15/45 - $1,251,943.85 1,200,000.00
COMCAST CORP 4.250 1/15/33 - $1,248,730.60 1,202,000.00
APPLE INC 3.850 5/4/43 - $1,246,610.84 1,275,000.00
NBCUNIVERSAL MEDIA LLC 4.450 1/15/43 - $1,242,768.76 1,232,000.00
BANK OF AMERICA CORP 3.950 4/21/25 - $1,227,049.58 1,217,000.00
VODAFONE GROUP PLC 6.150 2/27/37 - $1,225,825.11 1,136,000.00
SOUTHERN COPPER CORP 6.750 4/16/40 - $1,222,423.76 1,035,000.00
JPMORGAN CHASE & CO 5.600 7/15/41 - $1,220,328.37 1,033,000.00
COMCAST CORP 6.500 11/15/35 - $1,214,517.71 977,000.00
COMCAST CORP 4.650 7/15/42 - $1,198,500.04 1,160,000.00
WESTPAC BANKING CORP 3.350 3/8/27 - $1,190,589.41 1,204,000.00
ROYAL BANK OF SCOTLAND GROUP PLC 4.800 4/5/26 - $1,186,574.66 1,152,000.00
AMERICAN EXPRESS CO 4.050 12/3/42 - $1,181,275.53 1,189,000.00
ANADARKO PETROLEUM CORP 6.450 9/15/36 - $1,177,981.00 1,050,000.00
DOW CHEMICAL CO 7.375 11/1/29 - $1,168,312.53 939,000.00
MICROSOFT CORP 5.300 2/8/41 - $1,162,931.77 960,000.00
ANHEUSER-BUSCH INBEV WORLDWIDE INC 3.750 7/15/42 - $1,154,304.13 1,381,000.00
SOUTHERN COPPER CORP 5.250 11/8/42 - $1,143,038.26 1,126,000.00
VIACOM INC 6.875 4/30/36 - $1,139,518.82 991,000.00
SUNCOR ENERGY INC 6.500 6/15/38 - $1,135,901.57 922,000.00
METLIFE INC 4.875 11/13/43 - $1,135,718.12 1,052,000.00
AMERICA MOVIL SAB DE CV 6.375 3/1/35 - $1,134,154.75 938,000.00
WEYERHAEUSER CO 7.375 3/15/32 - $1,131,117.58 880,000.00
ECOPETROL SA 4.125 1/16/25 - $1,122,401.25 1,121,000.00
COCA-COLA CO 2.250 9/1/26 - $1,100,098.17 1,168,000.00
VALERO ENERGY CORP 6.625 6/15/37 - $1,099,908.19 918,000.00
INTL BUSINESS MACHINES CORP 4.000 6/20/42 - $1,083,999.77 1,138,000.00
FIFTH THIRD BANCORP 8.250 3/1/38 - $1,081,972.19 784,000.00
AT&T INC 5.550 8/15/41 - $1,062,598.37 1,020,000.00
COMCAST CORP 4.750 3/1/44 - $1,057,340.03 1,003,000.00
ASCENSION HEALTH 3.945 11/15/46 - $1,052,694.59 1,059,000.00
CENOVUS ENERGY INC 6.750 11/15/39 - $1,048,722.04 981,000.00
NEXEN ENERGY ULC 6.400 5/15/37 - $1,046,289.65 833,000.00
GENERAL ELECTRIC CO 5.875 1/14/38 - $1,046,253.42 1,000,000.00
PHILLIPS 66 5.875 5/1/42 - $1,042,823.69 892,000.00
BANK OF AMERICA CORP 4.000 1/22/25 - $1,037,121.31 1,025,000.00
KINDER MORGAN ENERGY PARTNERS LP 6.950 1/15/38 - $1,027,310.03 862,000.00
APPLE INC 4.450 5/6/44 - $1,022,818.31 960,000.00
SHELL INTL FINANCE BV 4.550 8/12/43 - $1,018,314.98 945,000.00
ANTHEM INC 4.650 1/15/43 - $1,016,969.31 1,016,000.00
LLOYDS BANKING GROUP PLC 3.750 1/11/27 - $999,724.68 1,030,000.00
BANK OF AMERICA CORP 4.250 10/22/26 - $999,209.45 985,000.00
ORACLE CORP 6.500 4/15/38 - $994,233.15 773,000.00
VERIZON COMMUNICATIONS 5.012 4/15/49 - $993,402.35 940,000.00
HALLIBURTON CO 7.450 9/15/39 - $992,822.80 763,000.00
HESS CORP 5.600 2/15/41 - $990,776.88 1,013,000.00
VERIZON COMMUNICATIONS INC 4.522 9/15/48 - $990,271.71 1,000,000.00
UNITEDHEALTH GROUP INC 3.100 3/15/26 - $974,761.67 987,000.00
PFIZER INC 2.750 6/3/26 - $967,148.22 994,000.00
STATE STREET CORP 3.550 8/18/25 - $957,511.03 934,000.00
AMERICA MOVIL SAB DE CV 4.375 7/16/42 - $955,976.19 944,000.00
WELLS FARGO & COMPANY 4.750 12/7/46 - $955,617.01 943,000.00
WALT DISNEY COMPANY/THE 3.000 2/13/26 - $951,059.50 955,000.00
BERKSHIRE HATHAWAY INC 4.500 2/11/43 - $941,410.21 894,000.00
TELEFONICA EUROPE BV 8.250 9/15/30 - $940,943.75 723,000.00
MICROSOFT CORP 4.500 10/1/40 - $938,003.14 852,000.00
UNITEDHEALTH GROUP INC 4.625 7/15/35 - $920,230.64 839,000.00
VALE OVERSEAS LTD 6.875 11/21/36 - $915,468.75 837,000.00
STATE STREET CORP 3.300 12/16/24 - $903,047.22 891,000.00
FORD MOTOR CREDIT CO LLC 4.134 8/4/25 - $903,012.07 985,000.00
HP INC 6.000 9/15/41 - $894,149.51 865,000.00
VERIZON COMMUNICATIONS 2.625 8/15/26 - $880,134.02 931,000.00
COOPERATIEVE CENTRALE RAIFFEISEN BOERENLEENBANK BA 5.250 5/24/41 - $876,519.37 750,000.00
JPMORGAN CHASE & CO 4.250 10/1/27 - $875,588.62 854,000.00
GENERAL ELECTRIC CAPITAL CORP 6.875 1/10/39 - $869,133.89 750,000.00
TARGET CORP 2.500 4/15/26 - $868,750.53 904,000.00
NATIONAL AUSTRALIA BK/NY 2.500 7/12/26 - $844,596.42 902,000.00
CITIGROUP INC 5.875 1/30/42 - $839,932.92 707,000.00
JM SMUCKER CO 3.500 3/15/25 - $839,912.65 852,000.00
CITIGROUP INC 3.700 1/12/26 - $829,756.90 827,000.00
VERIZON COMMUNICATIONS 5.250 3/16/37 - $825,678.30 750,000.00
UNITEDHEALTH GROUP INC 6.875 2/15/38 - $824,850.74 612,000.00
WELLS FARGO & COMPANY 5.375 11/2/43 - $822,296.24 748,000.00
EL PASO LLC 7.750 1/15/32 - $822,052.86 649,000.00
EMBRAER NETHERLANDS FINA 5.050 6/15/25 - $815,777.76 776,000.00
JPMORGAN CHASE & CO 4.850 2/1/44 - $808,322.40 750,000.00
SUMITOMO MITSUI FINL GRP 3.446 1/11/27 - $806,861.52 811,000.00
BANCO SANTANDER SA 4.379 4/12/28 - $802,229.05 804,000.00
PNC BANK NA 4.050 7/26/28 - $800,304.68 772,000.00
CITIGROUP INC 3.400 5/1/26 - $786,180.01 801,000.00
BAKER HUGHES INC 5.125 9/15/40 - $775,887.85 762,000.00
VODAFONE GROUP PLC 5.000 5/30/38 - $774,108.17 804,000.00
UNITEDHEALTH GROUP INC 3.850 6/15/28 - $773,341.34 750,000.00
FORD MOTOR COMPANY 4.750 1/15/43 - $768,759.39 1,000,000.00
IBM CORP 3.450 2/19/26 - $766,551.44 762,000.00
RIO TINTO FINANCE (USA) LTD 5.200 11/2/40 - $765,695.25 662,000.00
LLOYDS BANKING GROUP PLC 4.550 8/16/28 - $765,033.21 750,000.00
BANCO SANTANDER SA 3.800 2/23/28 - $763,837.01 800,000.00
CITIGROUP INC 3.875 3/26/25 - $762,388.11 763,000.00
GOLDMAN SACHS GROUP INC 5.150 5/22/45 - $761,763.61 750,000.00
TIME WARNER ENTERTAINMENT 8.375 7/15/33 - $756,234.85 596,000.00
WAL MART STORES INC 5.250 9/1/35 - $752,133.26 638,000.00
CNOOC FINANCE (2015) USA LLC 3.500 5/5/25 - $748,294.50 750,000.00
HSBC HOLDINGS PLC 4.300 3/8/26 - $743,312.85 725,000.00
THE WALT DISNEY COMPANY 2.950 6/15/27 - $742,183.61 750,000.00
TELEFONICA EMISIONES SAU 5.213 3/8/47 - $728,863.97 750,000.00
WELLS FARGO & COMPANY 4.400 6/14/46 - $728,077.05 750,000.00
FORD MOTOR CO 7.450 7/16/31 - $710,296.20 675,000.00
LLOYDS BANKING GROUP PLC 4.650 3/24/26 - $703,883.59 701,000.00
VERIZON COMMUNICATIONS 4.125 8/15/46 - $702,065.74 745,000.00
CANADIAN NATURAL RESOURCES LTD 6.250 3/15/38 - $698,438.76 596,000.00
ASTRAZENECA PLC 4.000 9/18/42 - $692,943.26 741,000.00
BARCLAYS PLC 4.950 1/10/47 - $686,101.24 700,000.00
ABBVIE INC 4.400 11/6/42 - $672,767.15 750,000.00
BARCLAYS PLC 3.650 3/16/25 - $670,412.37 692,000.00
TRANSCANADA PIPELINES 7.625 1/15/39 - $665,860.37 500,000.00
GENERAL ELECTRIC CO 4.125 10/9/42 - $616,391.48 725,000.00
MIZUHO FINANCIAL GROUP INC 2.839 9/13/26 - $588,935.90 617,000.00
ASTRAZENECA PLC 4.375 11/16/45 - $587,472.55 600,000.00
MANULIFE FINANCIAL CORP 4.150 3/4/26 - $575,320.34 552,000.00
TARGET CORP 3.625 4/15/46 - $548,925.88 600,000.00
MORGAN STANLEY 3.700 10/23/24 - $539,498.09 534,000.00
BANK OF AMERICA CORP 3.500 4/19/26 - $533,829.94 535,000.00
SHELL INTL FINANCE BV 5.500 3/25/40 - $528,885.32 440,000.00
ANHEUSER-BUSCH INBEV WOR 4.950 1/15/42 - $522,342.59 528,000.00
MIZUHO FINANCIAL GROUP 4.018 3/5/28 - $520,258.77 502,000.00
MORGAN STANLEY 6.375 7/24/42 - $509,982.75 404,000.00
WESTPAC BANKING CORP 2.700 8/19/26 - $496,557.62 523,000.00
GENERAL MOTORS CO 6.250 10/2/43 - $426,980.20 438,000.00
NOVARTIS CAPITAL CORP 4.400 5/6/44 - $421,412.00 394,000.00
BNP PARIBAS 4.250 10/15/24 - $415,031.52 409,000.00
SUMITOMO MITSUI FINL GRP 3.010 10/19/26 - $388,118.05 401,000.00
MORGAN STANLEY 4.375 1/22/47 - $365,516.78 367,000.00
CITIGROUP INC 4.125 7/25/28 - $345,308.97 350,000.00
TARGET CORP 4.000 7/1/42 - $340,614.32 349,000.00
SHELL INTERNATIONAL FINANCE BV 4.125 5/11/35 - $339,863.33 327,000.00
WELLS FARGO & COMPANY 4.650 11/4/44 - $328,047.24 328,000.00
TRANSCANADA PIPELINES 6.200 10/15/37 - $320,967.72 277,000.00
CITIGROUP INC 5.500 9/13/25 - $317,141.68 292,000.00
BANCO SANTANDER SA 5.179 11/19/25 - $310,871.40 300,000.00
SUMITOMO MITSUI FINL GRP 3.364 7/12/27 - $304,278.60 308,000.00
THE WALT DISNEY COMPANY 4.125 6/1/44 - $302,831.80 292,000.00
LLOYDS BANKING GROUP PLC 4.450 5/8/25 - $273,039.42 266,000.00
UNITED TECHNOLOGIES CORP 4.500 6/1/42 - $272,175.26 275,000.00
COOPERATIEVE RABOBANK UA 3.375 5/21/25 - $262,394.13 260,000.00
PHILIP MORRIS INTL INC 4.250 11/10/44 - $257,763.78 275,000.00
COOPERATIEVE RABOBANK UA 4.375 8/4/25 - $256,398.32 250,000.00
US12634MAE03 4.375 5/2/28 - $236,103.53 225,000.00
TELEFONICA EMISIONES SAU 4.103 3/8/27 - $235,686.75 237,000.00
PFIZER INC 4.125 12/15/46 - $227,310.12 225,000.00
UNILEVER CAPITAL CORP 5.900 11/15/32 - $210,534.13 171,000.00
HSBC HOLDING PLC 4.250 8/18/25 - $202,787.34 200,000.00
HSBC HOLDINGS PLC 4.375 11/23/26 - $202,319.30 200,000.00
WELLS FARGO BANK NA 6.600 1/15/38 - $200,219.81 157,000.00
COOPERATIEVE RABOBANK UA 3.750 7/21/26 - $178,144.18 183,000.00
MORGAN STANLEY 3.625 1/20/27 - $152,176.60 154,000.00
SHELL INTERNATIONAL FIN 2.875 5/10/26 - $150,028.89 153,000.00
GLAXOSMITHKLINE CAP INC 3.625 5/15/25 - $116,652.53 114,000.00
PFIZER INC 4.000 12/15/36 - $115,124.05 114,000.00
MORGAN STANLEY 3.125 7/27/26 - $114,015.43 119,000.00
APPLE INC 4.375 5/13/45 - $104,858.84 100,000.00
SHELL INTERNATIONAL FIN 2.500 9/12/26 - $102,009.69 107,000.00
AT&T INC 5.150 3/15/42 - $99,471.72 100,000.00
NET OTHER ASSETS / CASH - - - $9,410,105.38 9,410,105.38