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 6/19/18

Description Coupon Maturity Date Exposure Value
(Notional + G/L)
Market Value ($) Shares/Contracts
US ULTRA BOND FUTURE 09/19/2018 (WNU8) - - (37,821,750.00) - (239.00)
US 10 YR NOTE FUTURE 09/19/2018 (TYU8) - - (221,710,937.50) - (1,850.00)
US LONG FUTURE 09/19/2018 (USU8) - - (328,966,031.25) - (2,283.00)
MEDTRONIC INC 3.500 3/15/25 - $6,711,893.00 6,783,000.00
NEXEN ENERGY ULC 6.400 5/15/37 - $5,980,346.64 4,860,000.00
VERIZON COMMUNICATIONS INC 4.862 8/21/46 - $5,655,220.71 5,955,000.00
PFIZER INC 7.200 3/15/39 - $5,284,424.38 3,777,000.00
HOME DEPOT INC 5.875 12/16/36 - $4,443,329.95 3,584,000.00
CONOCOPHILLIPS 6.500 2/1/39 - $4,431,281.46 3,467,000.00
CISCO SYSTEMS INC 5.500 1/15/40 - $4,417,801.12 3,678,000.00
APPLE INC 3.200 5/13/25 - $4,408,062.76 4,503,000.00
COOPERATIEVE CENTRALE RAIFFEISEN BOERENLEENBANK BA 5.250 5/24/41 - $4,321,755.42 3,840,000.00
MITSUBISHI UFJ FINANCIAL GROUP INC 3.850 3/1/26 - $4,142,285.92 4,157,000.00
BARCLAYS PLC 4.375 1/12/26 - $4,099,082.04 4,207,000.00
TELEFONICA EMISIONES SAU 7.045 6/20/36 - $4,090,690.19 3,367,000.00
WAL MART STORES INC 5.250 9/1/35 - $4,073,208.84 3,437,000.00
HSBC HOLDINGS PLC 6.800 6/1/38 - $3,887,442.25 3,194,000.00
GOLDMAN SACHS GROUP INC 4.250 10/21/25 - $3,828,559.99 3,883,000.00
VERIZON COMMUNICATIONS 2.625 8/15/26 - $3,773,340.82 4,261,000.00
SUMITOMO MITSUI FINANCIAL GROUP INC 3.784 3/9/26 - $3,734,488.19 3,767,000.00
GOLDMAN SACHS GROUP INC 6.125 2/15/33 - $3,692,020.78 3,193,000.00
GENERAL ELECTRIC CO 5.875 1/14/38 - $3,678,814.83 3,290,000.00
ASTRAZENECA PLC 6.450 9/15/37 - $3,603,451.77 2,880,000.00
NOVARTIS CAPITAL CORP 4.400 5/6/44 - $3,510,885.64 3,255,000.00
HSBC HOLDINGS PLC 6.500 9/15/37 - $3,453,453.28 2,917,000.00
TIME WARNER CABLE INC 6.750 6/15/39 - $3,371,272.69 3,087,000.00
LLOYDS BANKING GROUP PLC 4.500 11/4/24 - $3,322,217.06 3,354,000.00
UNITED TECHNOLOGIES CORP 4.500 6/1/42 - $3,318,747.35 3,391,000.00
GE CAPITAL INTL FUNDING 4.418 11/15/35 - $3,279,512.01 3,460,000.00
GENERAL ELECTRIC CAPITAL CORP 6.750 3/15/32 - $3,244,575.07 2,675,000.00
PACIFIC GAS AND ELECTRIC CO 6.050 3/1/34 - $3,233,997.00 3,008,000.00
GLAXOSMITHKLINE CAPITAL INC 6.375 5/15/38 - $3,203,767.03 2,483,000.00
GOLDMAN SACHS GROUP INC 5.150 5/22/45 - $3,202,769.57 3,175,000.00
ALTRIA GROUP INC 5.375 1/31/44 - $3,197,148.70 2,957,000.00
CITIGROUP INC 4.450 9/29/27 - $3,151,315.02 3,198,000.00
CRED SUIS GP FUN LTD 4.550 4/17/26 - $3,133,289.07 3,131,000.00
SHELL INTL FINANCE BV 4.375 5/11/45 - $3,097,526.50 3,034,000.00
FORD MOTOR COMPANY 4.750 1/15/43 - $3,087,490.57 3,464,000.00
BANCO SANTANDER SA 4.250 4/11/27 - $3,030,239.03 3,157,000.00
HCA INC 5.250 4/15/25 - $3,010,491.25 2,977,000.00
GOLDMAN SACHS GROUP INC 6.750 10/1/37 - $3,007,170.90 2,514,000.00
MORGAN STANLEY 5.000 11/24/25 - $2,978,942.87 2,875,000.00
WELLS FARGO & CO 3.000 2/19/25 - $2,965,834.27 3,144,000.00
APPLE INC 3.450 5/6/24 - $2,965,826.61 2,966,000.00
VERIZON COMMUNICATIONS 4.125 3/16/27 - $2,954,899.89 3,000,000.00
GENERAL MOTORS CO 6.250 10/2/43 - $2,951,546.61 2,783,000.00
TELEFONICA EMISIONES SAU 5.213 3/8/47 - $2,947,876.93 2,978,000.00
VALE OVERSEAS LTD 6.875 11/21/36 - $2,919,222.90 2,682,000.00
MEDTRONIC INC 4.625 3/15/45 - $2,887,116.45 2,717,000.00
TIME WARNER CABLE INC 7.300 7/1/38 - $2,884,073.52 2,498,000.00
CITIGROUP INC 4.750 5/18/46 - $2,876,248.86 2,992,000.00
WALT DISNEY COMPANY/THE 1.850 7/30/26 - $2,852,156.16 3,270,000.00
VERIZON COMMUNICATIONS 4.272 1/15/36 - $2,842,843.87 3,075,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD 4.875 5/15/45 - $2,835,435.34 2,848,000.00
RABOBANK NEDERLAND 4.625 12/1/23 - $2,826,270.37 2,803,000.00
GOLDMAN SACHS GROUP INC 6.250 2/1/41 - $2,814,269.56 2,387,000.00
FORD MOTOR CO 7.450 7/16/31 - $2,787,285.34 2,350,000.00
BERKSHIRE HATHAWAY ENERG 6.125 4/1/36 - $2,763,061.26 2,214,000.00
JPMORGAN CHASE & CO 4.850 2/1/44 - $2,759,360.35 2,632,000.00
BPCE SA 4.000 4/15/24 - $2,753,627.21 2,751,000.00
21ST CENTURY FOX AMERICA INC 6.650 11/15/37 - $2,737,426.58 2,208,000.00
AMERICA MOVIL SAB DE CV 6.125 3/30/40 - $2,730,098.65 2,374,000.00
INTL BUSINESS MACHINES CORP 3.625 2/12/24 - $2,728,976.31 2,713,000.00
GENERAL ELECTRIC CO 4.125 10/9/42 - $2,724,806.53 3,010,000.00
MORGAN STANLEY 3.875 1/27/26 - $2,680,527.38 2,724,000.00
COMCAST CORP 6.500 11/15/35 - $2,669,489.99 2,232,000.00
ABBVIE INC 4.400 11/6/42 - $2,646,558.58 2,779,000.00
ORACLE CORP 6.125 7/8/39 - $2,628,268.95 2,092,000.00
VALE OVERSEAS LTD 6.250 8/10/26 - $2,607,140.00 2,440,000.00
BHP BILLITON FINANCE USA LTD 5.000 9/30/43 - $2,597,503.61 2,311,000.00
MEDTRONIC INC 4.375 3/15/35 - $2,590,960.10 2,499,000.00
ORACLE CORP 6.500 4/15/38 - $2,574,027.73 1,979,000.00
ING GROEP NV 3.950 3/29/27 - $2,521,704.51 2,577,000.00
JPMORGAN CHASE & CO 3.625 5/13/24 - $2,520,573.20 2,538,000.00
CATERPILLAR INC 3.803 8/15/42 - $2,508,605.06 2,616,000.00
HSBC HOLDINGS PLC 6.500 5/2/36 - $2,475,394.42 2,102,000.00
JPMORGAN CHASE & CO 3.875 2/1/24 - $2,456,290.17 2,436,000.00
TARGET CORP 3.625 4/15/46 - $2,450,382.25 2,734,000.00
BANK OF AMERICA CORP 7.750 5/14/38 - $2,439,500.84 1,785,000.00
GEORGIA POWER CO 4.300 3/15/42 - $2,433,480.06 2,408,000.00
KRAFT HEINZ FOODS CO 5.000 6/4/42 - $2,410,669.47 2,499,000.00
WELLS FARGO & COMPANY 4.100 6/3/26 - $2,409,268.03 2,459,000.00
MASTERCARD INC 3.375 4/1/24 - $2,388,555.97 2,392,000.00
BARCLAYS PLC 4.950 1/10/47 - $2,381,102.41 2,539,000.00
PEPSI BOTTLING GROUP INC 7.000 3/1/29 - $2,376,382.01 1,866,000.00
MORGAN STANLEY 3.875 4/29/24 - $2,371,242.96 2,373,000.00
SHELL INTL FINANCE BV 3.250 5/11/25 - $2,361,031.60 2,414,000.00
WELLS FARGO & COMPANY 3.000 4/22/26 - $2,359,168.93 2,539,000.00
DAIMLER FINANCE NORTH AMERICA LLC 8.500 1/18/31 - $2,342,533.20 1,659,000.00
SHELL INTL FINANCE BV 5.500 3/25/40 - $2,317,988.77 1,978,000.00
AT&T INC 5.550 8/15/41 - $2,312,989.14 2,274,000.00
CITIGROUP INC 6.675 9/13/43 - $2,308,334.08 1,881,000.00
WYETH LLC 5.950 4/1/37 - $2,282,912.38 1,852,000.00
GENERAL ELECTRIC CAPITAL CORP 6.875 1/10/39 - $2,272,607.66 1,824,000.00
SHELL INTL FINANCE BV 6.375 12/15/38 - $2,262,636.14 1,759,000.00
FIRSTENERGY CORP 7.375 11/15/31 - $2,261,366.87 1,726,000.00
PFIZER INC 3.000 12/15/26 - $2,251,837.98 2,344,000.00
MITSUBISHI UFJ FIN GRP 3.677 2/22/27 - $2,251,454.21 2,294,000.00
APPLE INC 3.450 2/9/45 - $2,239,087.04 2,483,000.00
METLIFE INC 4.050 3/1/45 - $2,230,775.92 2,377,000.00
ORACLE CORP 5.375 7/15/40 - $2,198,012.85 1,896,000.00
WEYERHAEUSER CO 7.375 3/15/32 - $2,195,298.42 1,722,000.00
AT&T INC 5.350 9/1/40 - $2,188,575.07 2,194,000.00
PHILIP MORRIS INTL INC 6.375 5/16/38 - $2,176,190.00 1,792,000.00
SOUTHERN COPPER CORP 5.250 11/8/42 - $2,175,688.30 2,242,000.00
INTL BUSINESS MACHINES CORP 4.000 6/20/42 - $2,168,022.06 2,201,000.00
NOVARTIS CAPITAL CORP 3.400 5/6/24 - $2,156,418.14 2,159,000.00
LLOYDS BANKING GROUP PLC 4.582 12/10/25 - $2,156,308.61 2,201,000.00
ANADARKO PETROLEUM CORP 6.450 9/15/36 - $2,154,694.98 1,861,000.00
AXA SA 8.600 12/15/30 - $2,151,940.00 1,618,000.00
UNITEDHEALTH GROUP INC 3.750 7/15/25 - $2,144,614.89 2,151,000.00
GENERAL ELECTRIC CO 4.500 3/11/44 - $2,136,245.88 2,235,000.00
WESTPAC BANKING CORP 2.850 5/13/26 - $2,133,321.35 2,300,000.00
WELLS FARGO & COMPANY 3.000 10/23/26 - $2,109,352.39 2,282,000.00
METLIFE INC 5.700 6/15/35 - $2,102,218.90 1,823,000.00
WELLS FARGO & CO 3.900 5/1/45 - $2,088,529.81 2,274,000.00
CISCO SYSTEMS INC 3.625 3/4/24 - $2,083,306.30 2,060,000.00
ECOPETROL SA 5.875 5/28/45 - $2,025,837.00 2,154,000.00
ROYAL BANK OF SCOTLAND GROUP PLC 4.800 4/5/26 - $2,015,645.49 1,994,000.00
APPLE INC 3.850 5/4/43 - $1,995,593.00 2,092,000.00
BANK OF AMERICA CORP 3.500 4/19/26 - $1,992,935.06 2,061,000.00
HSBC HOLDINGS PLC 4.375 11/23/26 - $1,989,074.49 2,021,000.00
VALE SA 5.625 9/11/42 - $1,983,640.00 1,964,000.00
NBCUNIVERSAL MEDIA LLC 5.950 4/1/41 - $1,976,831.77 1,778,000.00
COCA-COLA CO 2.875 10/27/25 - $1,972,021.07 2,060,000.00
RIO TINTO FINANCE (USA) LTD 5.200 11/2/40 - $1,954,328.10 1,707,000.00
MICROSOFT CORP 4.500 10/1/40 - $1,936,931.41 1,807,000.00
JPMORGAN CHASE & CO 5.500 10/15/40 - $1,932,889.12 1,716,000.00
VALE OVERSEAS LTD 6.875 11/10/39 - $1,921,670.00 1,763,000.00
HESS CORP 5.600 2/15/41 - $1,910,334.70 1,915,000.00
TARGET CORP 2.500 4/15/26 - $1,886,631.91 2,045,000.00
ALTRIA GROUP INC 4.000 1/31/24 - $1,871,387.80 1,851,000.00
ASTRAZENECA PLC 3.375 11/16/25 - $1,869,354.24 1,926,000.00
UNITEDHEALTH GROUP INC 4.750 7/15/45 - $1,863,113.09 1,746,000.00
VERIZON COMMUNICATIONS 4.500 8/10/33 - $1,854,786.29 1,896,000.00
VIACOM INC 6.875 4/30/36 - $1,845,401.01 1,689,000.00
CITIGROUP INC 4.300 11/20/26 - $1,837,524.93 1,873,000.00
CREDIT SUISSE NEW YORK 3.625 9/9/24 - $1,836,294.54 1,865,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD 3.750 3/26/25 - $1,835,608.19 1,909,000.00
ANHEUSER-BUSCH INBEV WORLDWIDE INC 3.750 7/15/42 - $1,832,511.78 2,077,000.00
COMCAST CORP 4.250 1/15/33 - $1,830,377.28 1,886,000.00
COCA-COLA CO 2.250 9/1/26 - $1,823,538.80 2,012,000.00
CANADIAN NATURAL RESOURCES LTD 6.250 3/15/38 - $1,818,410.00 1,564,000.00
DEUTSCHE BANK AG 3.700 5/30/24 - $1,809,914.64 1,943,000.00
MANULIFE FINANCIAL CORP 4.150 3/4/26 - $1,803,541.40 1,799,000.00
BLACKROCK INC 3.500 3/18/24 - $1,784,361.17 1,772,000.00
SHELL INTL FINANCE BV 4.550 8/12/43 - $1,769,803.79 1,689,000.00
PFIZER INC 3.400 5/15/24 - $1,769,390.22 1,772,000.00
VALERO ENERGY CORP 6.625 6/15/37 - $1,760,482.81 1,466,000.00
SHELL INTERNATIONAL FIN 4.000 5/10/46 - $1,752,280.67 1,810,000.00
WILLIAMS PARTNERS LP 6.300 4/15/40 - $1,749,652.50 1,559,000.00
BANK OF AMERICA CORP 5.000 1/21/44 - $1,737,746.34 1,633,000.00
UNITED TECHNOLOGIES CORP 5.700 4/15/40 - $1,729,469.50 1,527,000.00
VIACOM INC 4.375 3/15/43 - $1,724,477.44 2,083,000.00
FIFTH THIRD BANCORP 8.250 3/1/38 - $1,719,290.37 1,256,000.00
APACHE CORP 6.000 1/15/37 - $1,711,416.84 1,567,000.00
MERCK & CO INC 4.150 5/18/43 - $1,700,021.71 1,655,000.00
SUMITOMO MITSUI FINL GRP 2.632 7/14/26 - $1,695,238.42 1,862,000.00
UNITED TECHNOLOGIES CORP 6.125 7/15/38 - $1,660,448.09 1,406,000.00
MIZUHO FINANCIAL GROUP 3.170 9/11/27 - $1,659,738.99 1,773,000.00
BANK OF AMERICA CORP 4.000 1/22/25 - $1,650,515.15 1,673,000.00
TOTAL CAPITAL INTL SA 3.750 4/10/24 - $1,638,849.06 1,622,000.00
APPLE INC 4.450 5/6/44 - $1,632,116.88 1,564,000.00
PHILLIPS 66 5.875 5/1/42 - $1,631,364.06 1,412,000.00
VODAFONE GROUP PLC 4.375 2/19/43 - $1,629,447.75 1,821,000.00
ANHEUSER-BUSCH INBEV FIN 3.700 2/1/24 - $1,628,110.05 1,627,000.00
COMCAST CORP 3.600 3/1/24 - $1,621,405.62 1,647,000.00
VODAFONE GROUP PLC 6.150 2/27/37 - $1,607,135.77 1,436,000.00
BANK OF AMERICA CORP 6.110 1/29/37 - $1,602,270.29 1,376,000.00
LLOYDS BANKING GROUP PLC 3.750 1/11/27 - $1,591,529.57 1,678,000.00
APPLE INC 4.375 5/13/45 - $1,591,386.27 1,533,000.00
ASCENSION HEALTH 3.945 11/15/46 - $1,572,980.91 1,596,000.00
CITIGROUP INC 4.600 3/9/26 - $1,570,560.92 1,564,000.00
STATE STREET CORP 3.550 8/18/25 - $1,569,967.92 1,574,000.00
MORGAN STANLEY 3.700 10/23/24 - $1,564,111.74 1,586,000.00
AMERICAN EXPRESS CO 4.050 12/3/42 - $1,549,148.70 1,579,000.00
PFIZER INC 2.750 6/3/26 - $1,547,449.96 1,642,000.00
JPMORGAN CHASE & CO 6.400 5/15/38 - $1,531,602.65 1,239,000.00
PHILIP MORRIS INTL INC 4.250 11/10/44 - $1,524,846.97 1,593,000.00
TRANSCANADA PIPELINES 6.200 10/15/37 - $1,518,755.71 1,308,000.00
21ST CENTURY FOX AMERICA INC 6.150 3/1/37 - $1,509,345.12 1,286,000.00
SHELL INTERNATIONAL FIN 3.750 9/12/46 - $1,498,403.95 1,603,000.00
UNITEDHEALTH GROUP INC 3.100 3/15/26 - $1,497,375.34 1,562,000.00
UNITEDHEALTH GROUP INC 6.875 2/15/38 - $1,489,872.17 1,104,000.00
ASTRAZENECA PLC 4.375 11/16/45 - $1,486,913.23 1,489,000.00
KINDER MORGAN ENERGY PARTNERS LP 6.950 1/15/38 - $1,460,364.84 1,271,000.00
MORGAN STANLEY 4.000 7/23/25 - $1,454,712.17 1,456,000.00
BANK OF AMERICA CORP 4.000 4/1/24 - $1,454,487.72 1,442,000.00
MORGAN STANLEY 4.375 1/22/47 - $1,454,178.29 1,515,000.00
JM SMUCKER CO 3.500 3/15/25 - $1,441,480.58 1,500,000.00
CITIGROUP INC 4.400 6/10/25 - $1,439,994.19 1,445,000.00
MOLSON COORS BREWING CO 5.000 5/1/42 - $1,439,287.63 1,425,000.00
EL PASO LLC 7.750 1/15/32 - $1,427,418.06 1,171,000.00
STATOIL ASA 3.700 3/1/24 - $1,424,494.25 1,403,000.00
MORGAN STANLEY 3.625 1/20/27 - $1,421,148.31 1,479,000.00
UNITED PARCEL SERVICE INC 6.200 1/15/38 - $1,405,818.03 1,110,000.00
UNITEDHEALTH GROUP INC 4.625 7/15/35 - $1,404,797.03 1,327,000.00
WESTPAC BANKING CORP 3.350 3/8/27 - $1,400,448.82 1,458,000.00
EMBRAER NETHERLANDS FINA 5.050 6/15/25 - $1,396,743.75 1,395,000.00
WALT DISNEY COMPANY/THE 3.000 2/13/26 - $1,392,005.91 1,453,000.00
IBM CORP 3.450 2/19/26 - $1,390,390.52 1,410,000.00
LLOYDS BANKING GROUP PLC 4.650 3/24/26 - $1,382,584.77 1,409,000.00
BERKSHIRE HATHAWAY INC 4.500 2/11/43 - $1,365,017.10 1,306,000.00
JPMORGAN CHASE & CO 4.950 6/1/45 - $1,362,927.86 1,319,000.00
APPLE INC 2.500 2/9/25 - $1,354,609.37 1,443,000.00
CENOVUS ENERGY INC 6.750 11/15/39 - $1,354,438.08 1,237,000.00
AMERICAN TOWER CORP 5.000 2/15/24 - $1,350,146.99 1,300,000.00
21ST CENTURY FOX AMERICA INC 6.400 12/15/35 - $1,349,789.15 1,120,000.00
RABOBANK INTERNATIONAL (UTRECHT BRANCH) 5.250 8/4/45 - $1,344,429.64 1,275,000.00
BANK OF AMERICA CORP 4.450 3/3/26 - $1,320,979.95 1,313,000.00
MORGAN STANLEY 4.300 1/27/45 - $1,297,677.41 1,370,000.00
ECOPETROL SA 4.125 1/16/25 - $1,291,556.00 1,351,000.00
SUMITOMO MITSUI FINL GRP 3.364 7/12/27 - $1,288,063.84 1,348,000.00
BANK OF AMERICA CORP 3.950 4/21/25 - $1,287,430.45 1,313,000.00
AT&T INC 5.150 3/15/42 - $1,286,226.71 1,338,000.00
CITIGROUP INC 3.875 3/26/25 - $1,277,453.54 1,315,000.00
AMERICA MOVIL SAB DE CV 6.375 3/1/35 - $1,268,139.75 1,082,000.00
ANTHEM INC 4.650 1/15/43 - $1,263,130.43 1,300,000.00
PFIZER INC 4.000 12/15/36 - $1,255,588.50 1,239,000.00
BANCO SANTANDER SA 4.379 4/12/28 - $1,250,663.99 1,298,000.00
HSBC HOLDINGS PLC 3.900 5/25/26 - $1,243,887.89 1,274,000.00
TRANSCANADA PIPELINES 7.625 1/15/39 - $1,227,158.07 930,000.00
BP CAPITAL MARKETS PLC 3.506 3/17/25 - $1,226,773.78 1,234,000.00
MORGAN STANLEY 4.350 9/8/26 - $1,177,278.91 1,189,000.00
STATE STREET CORP 3.300 12/16/24 - $1,176,608.49 1,197,000.00
SANTANDER UK PLC 4.000 3/13/24 - $1,174,536.42 1,165,000.00
JPMORGAN CHASE & CO 3.875 9/10/24 - $1,154,029.26 1,165,000.00
HSBC BANK USA NA 5.875 11/1/34 - $1,144,337.03 1,000,000.00
BANK OF AMERICA CORP 4.200 8/26/24 - $1,136,565.96 1,132,000.00
ASTRAZENECA PLC 4.000 9/18/42 - $1,132,079.28 1,203,000.00
TIME WARNER ENTERTAINMENT 8.375 7/15/33 - $1,115,310.51 884,000.00
21ST CENTURY FOX AMERICA 6.150 2/15/41 - $1,090,766.15 928,000.00
COOPERATIEVE RABOBANK UA 4.375 8/4/25 - $1,087,721.83 1,108,000.00
WELLS FARGO & COMPANY 3.550 9/29/25 - $1,084,922.25 1,118,000.00
TOTAL CAPITAL INTL SA 3.700 1/15/24 - $1,082,716.07 1,074,000.00
WELLS FARGO & CO 3.300 9/9/24 - $1,065,627.05 1,100,000.00
JPMORGAN CHASE & CO 5.600 7/15/41 - $1,059,189.82 931,000.00
WELLS FARGO & COMPANY 5.375 11/2/43 - $1,051,491.40 1,001,000.00
JPMORGAN CHASE & CO 5.400 1/6/42 - $1,037,837.58 932,000.00
HSBC HOLDINGS PLC 5.250 3/14/44 - $1,026,145.28 1,005,000.00
HCA INC 5.000 3/15/24 - $1,021,605.00 1,014,000.00
WELLS FARGO & COMPANY 4.650 11/4/44 - $1,010,870.30 1,059,000.00
SUNCOR ENERGY INC 6.500 6/15/38 - $1,008,642.24 807,000.00
LOCKHEED MARTIN CORP 4.070 12/15/42 - $1,002,774.60 1,032,000.00
MIZUHO FINANCIAL GROUP 4.018 3/5/28 - $999,870.76 1,000,000.00
WELLS FARGO & COMPANY 4.900 11/17/45 - $999,387.92 1,007,000.00
FORD MOTOR CREDIT CO LLC 4.389 1/8/26 - $987,510.37 1,000,000.00
BANK OF AMERICA CORP 4.250 10/22/26 - $975,791.15 985,000.00
MIZUHO FINANCIAL GROUP INC 2.839 9/13/26 - $973,865.65 1,061,000.00
SHELL INTERNATIONAL FINANCE BV 4.125 5/11/35 - $961,749.13 952,000.00
CONOCOPHILLIPS HLDG CO 6.950 4/15/29 - $955,516.51 769,000.00
TELEFONICA EUROPE BV 8.250 9/15/30 - $949,137.13 723,000.00
TARGET CORP 4.000 7/1/42 - $942,588.45 978,000.00
HSBC HOLDINGS PLC 4.250 3/14/24 - $940,996.60 943,000.00
HP INC 6.000 9/15/41 - $939,019.65 921,000.00
TELEFONICA EMISIONES SAU 4.103 3/8/27 - $937,141.23 967,000.00
SOUTHERN COPPER CORP 5.875 4/23/45 - $936,937.54 899,000.00
TELEFONICA EMISIONES SAU 4.895 3/6/48 - $927,687.92 1,000,000.00
MORGAN STANLEY 3.125 7/27/26 - $927,297.06 994,000.00
GENERAL MOTORS CO 5.200 4/1/45 - $917,935.53 980,000.00
WELLS FARGO & COMPANY 4.750 12/7/46 - $916,897.94 943,000.00
CISCO SYSTEMS INC 5.900 2/15/39 - $908,989.60 732,000.00
JEFFERIES GRP LLC / CAP 4.150 1/23/30 - $891,405.60 1,000,000.00
AMERICA MOVIL SAB DE CV 4.375 7/16/42 - $882,943.57 919,000.00
SHELL INTERNATIONAL FIN 2.500 9/12/26 - $878,392.31 957,000.00
PEPSICO INC 5.500 1/15/40 - $863,174.24 720,000.00
BHP BILLITON FINANCE USA LTD 4.125 2/24/42 - $852,286.24 852,000.00
JPMORGAN CHASE & CO 4.250 10/1/27 - $847,850.26 854,000.00
UNILEVER CAPITAL CORP 5.900 11/15/32 - $842,055.49 687,000.00
NATIONAL AUSTRALIA BK/NY 2.500 7/12/26 - $815,734.97 902,000.00
CITIGROUP INC 3.400 5/1/26 - $808,352.85 851,000.00
CITIGROUP INC 3.700 1/12/26 - $801,176.26 827,000.00
BANK OF AMERICA CORP 5.875 2/7/42 - $799,121.96 672,000.00
BANK OF AMERICA CORP 4.125 1/22/24 - $797,373.89 785,000.00
SUMITOMO MITSUI FINL GRP 3.446 1/11/27 - $783,809.27 811,000.00
BAKER HUGHES INC 5.125 9/15/40 - $759,021.55 722,000.00
BARCLAYS PLC 3.650 3/16/25 - $750,471.20 800,000.00
HALLIBURTON CO 7.450 9/15/39 - $748,052.57 563,000.00
BP CAPITAL MARKETS PLC 3.814 2/10/24 - $741,130.91 735,000.00
BANCO SANTANDER SA 3.800 2/23/28 - $737,816.98 800,000.00
TARGET CORP 3.500 7/1/24 - $728,262.86 724,000.00
WESTPAC BANKING CORP 2.700 8/19/26 - $692,858.10 757,000.00
AMERICAN INTL GROUP INC 4.125 2/15/24 - $681,935.22 680,000.00
21ST CENTURY FOX AMERICA 6.200 12/15/34 - $680,517.75 569,000.00
SOUTHERN COPPER CORP 6.750 4/16/40 - $650,301.96 571,000.00
COOPERATIEVE RABOBANK UA 3.375 5/21/25 - $639,407.88 656,000.00
PFIZER INC 4.125 12/15/46 - $634,245.15 634,000.00
SHELL INTERNATIONAL FIN 2.875 5/10/26 - $628,403.17 663,000.00
DOW CHEMICAL CO 7.375 11/1/29 - $628,358.44 497,000.00
CITIGROUP INC 5.500 9/13/25 - $627,697.45 592,000.00
JPMORGAN CHASE & CO 5.625 8/16/43 - $609,189.77 545,000.00
BANCO SANTANDER SA 5.179 11/19/25 - $608,633.77 600,000.00
VERIZON COMMUNICATIONS 4.125 8/15/46 - $548,831.05 645,000.00
ANHEUSER-BUSCH INBEV WOR 4.950 1/15/42 - $547,480.20 528,000.00
CITIGROUP INC 4.125 7/25/28 - $526,092.40 548,000.00
BNP PARIBAS 4.250 10/15/24 - $515,340.92 521,000.00
SUMITOMO MITSUI FINL GRP 3.010 10/19/26 - $509,950.00 545,000.00
NBCUNIVERSAL MEDIA LLC 4.450 1/15/43 - $500,727.70 532,000.00
CITIGROUP INC 4.650 7/30/45 - $496,662.23 493,000.00
METLIFE INC 3.600 4/10/24 - $463,636.73 467,000.00
COOPERATIEVE RABOBANK UA 3.750 7/21/26 - $453,130.65 483,000.00
CNOOC FINANCE (2015) USA LLC 3.500 5/5/25 - $436,224.15 450,000.00
COMCAST CORP 4.750 3/1/44 - $389,837.01 406,000.00
DUKE ENERGY FLORIDA INC 6.400 6/15/38 - $363,683.62 278,000.00
WELLS FARGO BANK NA 6.600 1/15/38 - $320,554.05 253,000.00
FORD MOTOR CREDIT CO LLC 4.134 8/4/25 - $303,155.02 310,000.00
CITIGROUP INC 5.875 1/30/42 - $222,234.08 191,000.00
MICROSOFT CORP 5.300 2/8/41 - $213,465.73 180,000.00
HSBC HOLDING PLC 4.250 8/18/25 - $196,594.33 200,000.00
NET OTHER ASSETS / CASH - - - $13,153,805.21 13,153,805.21