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 9/19/18

Description Coupon Maturity Date Exposure Value
(Notional + G/L)
Market Value ($) Shares/Contracts
US ULTRA BOND FUTURE 12/19/2018 (WNZ8) - - (28,044,750.00) - (183.00)
US 10YR NOTE FUTURE 12/19/2018 (TYZ8) - - (206,180,187.50) - (1,739.00)
US LONG FUTURE 12/19/2018 (USZ8) - - (284,709,218.75) - (2,035.00)
MEDTRONIC INC 3.500 3/15/25 - $6,702,220.91 6,783,000.00
NEXEN ENERGY ULC 6.400 5/15/37 - $5,837,982.66 4,860,000.00
PFIZER INC 7.200 3/15/39 - $4,832,566.24 3,527,000.00
CONOCOPHILLIPS 6.500 2/1/39 - $4,432,101.02 3,467,000.00
APPLE INC 3.200 5/13/25 - $4,415,275.44 4,503,000.00
HOME DEPOT INC 5.875 12/16/36 - $4,331,952.52 3,584,000.00
COOPERATIEVE CENTRALE RAIFFEISEN BOERENLEENBANK BA 5.250 5/24/41 - $4,295,981.41 3,840,000.00
BARCLAYS PLC 4.375 1/12/26 - $4,087,613.75 4,207,000.00
MITSUBISHI UFJ FINANCIAL GROUP INC 3.850 3/1/26 - $4,077,295.68 4,157,000.00
VERIZON COMMUNICATIONS INC 4.862 8/21/46 - $4,040,039.14 4,130,000.00
HSBC HOLDINGS PLC 6.800 6/1/38 - $3,892,834.10 3,194,000.00
WAL MART STORES INC 5.250 9/1/35 - $3,849,415.05 3,387,000.00
GOLDMAN SACHS GROUP INC 6.125 2/15/33 - $3,767,187.20 3,193,000.00
CISCO SYSTEMS INC 5.500 1/15/40 - $3,715,189.70 3,148,000.00
TELEFONICA EMISIONES SAU 7.045 6/20/36 - $3,694,003.87 3,092,000.00
SUMITOMO MITSUI FINANCIAL GROUP INC 3.784 3/9/26 - $3,690,326.11 3,767,000.00
GOLDMAN SACHS GROUP INC 4.250 10/21/25 - $3,560,617.72 3,608,000.00
ASTRAZENECA PLC 6.450 9/15/37 - $3,523,844.42 2,880,000.00
HSBC HOLDINGS PLC 6.500 9/15/37 - $3,453,066.57 2,917,000.00
PACIFIC GAS AND ELECTRIC CO 6.050 3/1/34 - $3,394,076.80 3,008,000.00
VERIZON COMMUNICATIONS 2.625 8/15/26 - $3,350,770.44 3,715,000.00
TIME WARNER CABLE INC 6.750 6/15/39 - $3,337,681.16 3,087,000.00
UNITED TECHNOLOGIES CORP 4.500 6/1/42 - $3,303,280.59 3,391,000.00
LLOYDS BANKING GROUP PLC 4.500 11/4/24 - $3,303,277.46 3,354,000.00
GE CAPITAL INTL FUNDING 4.418 11/15/35 - $3,288,729.45 3,460,000.00
ALTRIA GROUP INC 5.375 1/31/44 - $3,166,645.09 2,957,000.00
GLAXOSMITHKLINE CAPITAL INC 6.375 5/15/38 - $3,155,224.53 2,483,000.00
CRED SUIS GP FUN LTD 4.550 4/17/26 - $3,143,258.18 3,131,000.00
GOLDMAN SACHS GROUP INC 5.150 5/22/45 - $3,133,592.31 3,100,000.00
SHELL INTL FINANCE BV 4.375 5/11/45 - $3,098,260.79 3,034,000.00
HCA INC 5.250 4/15/25 - $3,077,473.75 2,977,000.00
ROYAL BANK OF SCOTLAND GROUP PLC 4.800 4/5/26 - $3,041,019.77 3,034,000.00
GOLDMAN SACHS GROUP INC 6.750 10/1/37 - $3,007,870.10 2,514,000.00
BANCO SANTANDER SA 4.250 4/11/27 - $2,983,438.31 3,157,000.00
MORGAN STANLEY 5.000 11/24/25 - $2,970,269.57 2,875,000.00
WELLS FARGO & CO 3.000 2/19/25 - $2,967,219.92 3,144,000.00
APPLE INC 3.450 5/6/24 - $2,965,884.74 2,966,000.00
NOVARTIS CAPITAL CORP 4.400 5/6/44 - $2,920,194.52 2,776,000.00
VERIZON COMMUNICATIONS 4.272 1/15/36 - $2,902,996.77 3,075,000.00
TELEFONICA EMISIONES SAU 5.213 3/8/47 - $2,872,919.81 2,978,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD 4.875 5/15/45 - $2,869,630.99 2,848,000.00
FORD MOTOR COMPANY 4.750 1/15/43 - $2,860,084.09 3,464,000.00
WALT DISNEY COMPANY/THE 1.850 7/30/26 - $2,857,358.86 3,270,000.00
GENERAL ELECTRIC CO 5.875 1/14/38 - $2,849,778.35 2,540,000.00
MEDTRONIC INC 4.625 3/15/45 - $2,843,423.64 2,717,000.00
21ST CENTURY FOX AMERICA INC 6.650 11/15/37 - $2,815,652.15 2,208,000.00
TIME WARNER CABLE INC 7.300 7/1/38 - $2,793,377.40 2,448,000.00
AMERICA MOVIL SAB DE CV 6.125 3/30/40 - $2,752,158.07 2,374,000.00
GENERAL ELECTRIC CO 4.125 10/9/42 - $2,720,036.01 3,010,000.00
JPMORGAN CHASE & CO 4.850 2/1/44 - $2,698,830.61 2,632,000.00
MORGAN STANLEY 3.875 1/27/26 - $2,659,934.11 2,724,000.00
GENERAL ELECTRIC CAPITAL CORP 6.750 3/15/32 - $2,649,260.42 2,175,000.00
VALE OVERSEAS LTD 6.250 8/10/26 - $2,647,400.00 2,440,000.00
ABBVIE INC 4.400 11/6/42 - $2,547,383.58 2,779,000.00
ORACLE CORP 6.500 4/15/38 - $2,546,725.76 1,979,000.00
BHP BILLITON FINANCE USA LTD 5.000 9/30/43 - $2,522,665.78 2,311,000.00
JPMORGAN CHASE & CO 3.625 5/13/24 - $2,515,244.65 2,538,000.00
BPCE SA 4.000 4/15/24 - $2,498,388.31 2,491,000.00
CITIGROUP INC 4.450 9/29/27 - $2,483,897.51 2,523,000.00
HSBC HOLDINGS PLC 6.500 5/2/36 - $2,464,051.36 2,102,000.00
COMCAST CORP 6.500 11/15/35 - $2,447,656.76 2,057,000.00
WELLS FARGO & COMPANY 4.100 6/3/26 - $2,424,409.94 2,459,000.00
BANK OF AMERICA CORP 7.750 5/14/38 - $2,388,071.32 1,785,000.00
MASTERCARD INC 3.375 4/1/24 - $2,385,660.22 2,392,000.00
BARCLAYS PLC 4.950 1/10/47 - $2,383,256.39 2,539,000.00
MORGAN STANLEY 3.875 4/29/24 - $2,362,972.34 2,373,000.00
WELLS FARGO & COMPANY 3.000 4/22/26 - $2,356,401.11 2,539,000.00
SHELL INTL FINANCE BV 3.250 5/11/25 - $2,353,750.16 2,414,000.00
KRAFT HEINZ FOODS CO 5.000 6/4/42 - $2,348,572.67 2,499,000.00
VALE OVERSEAS LTD 6.875 11/21/36 - $2,277,945.00 2,007,000.00
GEORGIA POWER CO 4.300 3/15/42 - $2,276,652.29 2,408,000.00
VERIZON COMMUNICATIONS 4.125 3/16/27 - $2,272,671.51 2,272,000.00
SHELL INTL FINANCE BV 6.375 12/15/38 - $2,247,120.78 1,759,000.00
SOUTHERN COPPER CORP 5.250 11/8/42 - $2,241,597.61 2,242,000.00
PFIZER INC 3.000 12/15/26 - $2,233,337.93 2,344,000.00
MITSUBISHI UFJ FIN GRP 3.677 2/22/27 - $2,218,598.31 2,294,000.00
ING GROEP NV 3.950 3/29/27 - $2,216,624.29 2,291,000.00
METLIFE INC 4.050 3/1/45 - $2,183,991.88 2,377,000.00
LLOYDS BANKING GROUP PLC 4.582 12/10/25 - $2,156,640.14 2,201,000.00
NOVARTIS CAPITAL CORP 3.400 5/6/24 - $2,156,073.09 2,159,000.00
UNITEDHEALTH GROUP INC 3.750 7/15/25 - $2,153,128.54 2,151,000.00
AT&T INC 5.350 9/1/40 - $2,147,385.09 2,194,000.00
ORACLE CORP 5.375 7/15/40 - $2,146,264.21 1,896,000.00
PHILIP MORRIS INTL INC 6.375 5/16/38 - $2,139,425.67 1,792,000.00
GENERAL ELECTRIC CO 4.500 3/11/44 - $2,129,803.02 2,235,000.00
CATERPILLAR INC 3.803 8/15/42 - $2,128,299.30 2,266,000.00
WESTPAC BANKING CORP 2.850 5/13/26 - $2,124,536.06 2,300,000.00
AXA SA 8.600 12/15/30 - $2,115,535.00 1,618,000.00
WELLS FARGO & COMPANY 3.000 10/23/26 - $2,108,289.48 2,282,000.00
FORD MOTOR CO 7.450 7/16/31 - $2,043,127.61 1,850,000.00
DAIMLER FINANCE NORTH AMERICA LLC 8.500 1/18/31 - $2,039,405.02 1,459,000.00
NBCUNIVERSAL MEDIA LLC 5.950 4/1/41 - $2,034,912.61 1,778,000.00
VALE OVERSEAS LTD 6.875 11/10/39 - $2,028,243.35 1,763,000.00
FIRSTENERGY CORP 7.375 11/15/31 - $2,021,065.25 1,576,000.00
GENERAL MOTORS CO 6.250 10/2/43 - $2,017,033.18 1,983,000.00
VODAFONE GROUP PLC 4.375 5/30/28 - $1,964,187.86 2,000,000.00
COCA-COLA CO 2.875 10/27/25 - $1,963,505.27 2,060,000.00
JPMORGAN CHASE & CO 5.500 10/15/40 - $1,922,809.83 1,716,000.00
PEPSI BOTTLING GROUP INC 7.000 3/1/29 - $1,895,503.60 1,502,000.00
GOLDMAN SACHS GROUP INC 6.250 2/1/41 - $1,891,747.75 1,587,000.00
ASTRAZENECA PLC 3.375 11/16/25 - $1,859,550.69 1,926,000.00
VERIZON COMMUNICATIONS 4.500 8/10/33 - $1,853,144.81 1,896,000.00
COMCAST CORP 4.250 1/15/33 - $1,849,804.27 1,886,000.00
ANADARKO PETROLEUM CORP 6.450 9/15/36 - $1,846,920.07 1,636,000.00
CREDIT SUISSE NEW YORK 3.625 9/9/24 - $1,838,507.66 1,865,000.00
CITIGROUP INC 4.300 11/20/26 - $1,837,730.55 1,873,000.00
UNITEDHEALTH GROUP INC 4.750 7/15/45 - $1,831,661.68 1,746,000.00
TARGET CORP 2.500 4/15/26 - $1,824,744.44 1,980,000.00
ANHEUSER-BUSCH INBEV WORLDWIDE INC 3.750 7/15/42 - $1,795,834.70 2,077,000.00
VIACOM INC 4.375 3/15/43 - $1,787,644.54 2,083,000.00
MEDTRONIC INC 4.375 3/15/35 - $1,773,119.31 1,724,000.00
PFIZER INC 3.400 5/15/24 - $1,769,985.70 1,772,000.00
SHELL INTL FINANCE BV 4.550 8/12/43 - $1,757,293.47 1,689,000.00
SHELL INTERNATIONAL FIN 4.000 5/10/46 - $1,750,695.77 1,810,000.00
CITIGROUP INC 6.675 9/13/43 - $1,733,729.77 1,426,000.00
AT&T INC 5.550 8/15/41 - $1,732,552.21 1,754,000.00
UNITED TECHNOLOGIES CORP 5.700 4/15/40 - $1,717,954.51 1,527,000.00
BANK OF AMERICA CORP 5.000 1/21/44 - $1,714,859.04 1,633,000.00
BERKSHIRE HATHAWAY ENERG 6.125 4/1/36 - $1,688,326.11 1,414,000.00
APPLE INC 3.850 5/4/43 - $1,681,736.91 1,767,000.00
SUMITOMO MITSUI FINL GRP 2.632 7/14/26 - $1,675,521.93 1,862,000.00
INTL BUSINESS MACHINES CORP 4.000 6/20/42 - $1,674,595.26 1,738,000.00
MERCK & CO INC 4.150 5/18/43 - $1,671,187.74 1,655,000.00
WYETH LLC 5.950 4/1/37 - $1,656,863.06 1,377,000.00
UNITED TECHNOLOGIES CORP 6.125 7/15/38 - $1,648,562.21 1,406,000.00
BANK OF AMERICA CORP 4.000 1/22/25 - $1,642,536.61 1,673,000.00
TOTAL CAPITAL INTL SA 3.750 4/10/24 - $1,641,625.91 1,622,000.00
WEYERHAEUSER CO 7.375 3/15/32 - $1,639,127.73 1,297,000.00
MIZUHO FINANCIAL GROUP 3.170 9/11/27 - $1,637,250.33 1,773,000.00
VODAFONE GROUP PLC 4.375 2/19/43 - $1,620,110.48 1,821,000.00
PHILLIPS 66 5.875 5/1/42 - $1,615,157.15 1,412,000.00
LLOYDS BANKING GROUP PLC 3.750 1/11/27 - $1,580,338.44 1,678,000.00
VODAFONE GROUP PLC 6.150 2/27/37 - $1,567,041.52 1,436,000.00
CITIGROUP INC 4.600 3/9/26 - $1,566,749.57 1,564,000.00
MORGAN STANLEY 3.700 10/23/24 - $1,561,010.13 1,586,000.00
FIFTH THIRD BANCORP 8.250 3/1/38 - $1,558,946.47 1,156,000.00
BANK OF AMERICA CORP 6.110 1/29/37 - $1,558,782.74 1,376,000.00
STATE STREET CORP 3.550 8/18/25 - $1,556,764.67 1,574,000.00
PFIZER INC 2.750 6/3/26 - $1,546,095.21 1,642,000.00
VODAFONE GROUP PLC 4.125 5/30/25 - $1,542,064.41 1,560,000.00
JPMORGAN CHASE & CO 6.400 5/15/38 - $1,522,615.36 1,239,000.00
VALERO ENERGY CORP 6.625 6/15/37 - $1,510,550.93 1,266,000.00
MARKETAXESS CORPORATION (MKTX) - - - $1,509,690.00 1,500,000.00
TRANSCANADA PIPELINES 6.200 10/15/37 - $1,504,772.66 1,308,000.00
WILLIAMS PARTNERS LP 6.300 4/15/40 - $1,497,078.74 1,334,000.00
PHILIP MORRIS INTL INC 4.250 11/10/44 - $1,485,575.68 1,593,000.00
SHELL INTERNATIONAL FIN 3.750 9/12/46 - $1,481,574.55 1,603,000.00
METLIFE INC 5.700 6/15/35 - $1,471,352.22 1,298,000.00
UNITEDHEALTH GROUP INC 6.875 2/15/38 - $1,462,236.43 1,104,000.00
MORGAN STANLEY 4.375 1/22/47 - $1,455,473.86 1,515,000.00
BANK OF AMERICA CORP 4.000 4/1/24 - $1,454,328.42 1,442,000.00
EL PASO LLC 7.750 1/15/32 - $1,451,195.74 1,171,000.00
MORGAN STANLEY 4.000 7/23/25 - $1,448,568.12 1,456,000.00
HSBC HOLDINGS PLC 4.375 11/23/26 - $1,441,346.02 1,471,000.00
CITIGROUP INC 4.400 6/10/25 - $1,440,301.48 1,445,000.00
JM SMUCKER CO 3.500 3/15/25 - $1,430,748.66 1,500,000.00
ASTRAZENECA PLC 4.375 11/16/45 - $1,427,525.13 1,489,000.00
MOLSON COORS BREWING CO 5.000 5/1/42 - $1,409,124.72 1,425,000.00
HESS CORP 5.600 2/15/41 - $1,406,873.34 1,415,000.00
UNITEDHEALTH GROUP INC 4.625 7/15/35 - $1,402,211.84 1,327,000.00
CISCO SYSTEMS INC 3.625 3/4/24 - $1,390,533.53 1,371,000.00
IBM CORP 3.450 2/19/26 - $1,388,601.45 1,410,000.00
WALT DISNEY COMPANY/THE 3.000 2/13/26 - $1,388,016.23 1,453,000.00
WESTPAC BANKING CORP 3.350 3/8/27 - $1,385,163.95 1,458,000.00
LLOYDS BANKING GROUP PLC 4.650 3/24/26 - $1,384,599.76 1,409,000.00
ORACLE CORP 6.125 7/8/39 - $1,379,889.57 1,117,000.00
CENOVUS ENERGY INC 6.750 11/15/39 - $1,370,151.36 1,237,000.00
JPMORGAN CHASE & CO 4.950 6/1/45 - $1,367,557.59 1,319,000.00
UNITED PARCEL SERVICE INC 6.200 1/15/38 - $1,362,347.68 1,110,000.00
APPLE INC 2.500 2/9/25 - $1,354,498.59 1,443,000.00
RIO TINTO FINANCE (USA) LTD 5.200 11/2/40 - $1,347,395.26 1,232,000.00
BERKSHIRE HATHAWAY INC 4.500 2/11/43 - $1,332,655.07 1,306,000.00
RABOBANK INTERNATIONAL (UTRECHT BRANCH) 5.250 8/4/45 - $1,324,784.58 1,275,000.00
ECOPETROL SA 4.125 1/16/25 - $1,307,768.00 1,351,000.00
BANK OF AMERICA CORP 4.450 3/3/26 - $1,307,134.41 1,313,000.00
MORGAN STANLEY 4.300 1/27/45 - $1,306,532.17 1,370,000.00
21ST CENTURY FOX AMERICA INC 6.150 3/1/37 - $1,297,511.47 1,086,000.00
APPLE INC 3.450 2/9/45 - $1,283,422.97 1,443,000.00
BANK OF AMERICA CORP 3.950 4/21/25 - $1,279,910.75 1,313,000.00
BLACKROCK INC 3.500 3/18/24 - $1,278,196.43 1,278,000.00
CITIGROUP INC 3.875 3/26/25 - $1,274,453.74 1,315,000.00
AT&T INC 5.150 3/15/42 - $1,270,284.73 1,338,000.00
MICROSOFT CORP 4.500 10/1/40 - $1,269,100.45 1,182,000.00
AMERICA MOVIL SAB DE CV 6.375 3/1/35 - $1,262,323.69 1,082,000.00
GENERAL ELECTRIC CAPITAL CORP 6.875 1/10/39 - $1,254,718.76 999,000.00
VODAFONE GROUP PLC 5.250 5/30/48 - $1,242,461.65 1,250,000.00
HSBC HOLDINGS PLC 3.900 5/25/26 - $1,233,480.84 1,274,000.00
TRANSCANADA PIPELINES 7.625 1/15/39 - $1,227,393.00 930,000.00
ASCENSION HEALTH 3.945 11/15/46 - $1,225,308.05 1,271,000.00
BP CAPITAL MARKETS PLC 3.506 3/17/25 - $1,214,485.83 1,234,000.00
TARGET CORP 3.625 4/15/46 - $1,183,164.79 1,330,000.00
MORGAN STANLEY 4.350 9/8/26 - $1,177,721.60 1,189,000.00
VODAFONE GROUP PLC 5.000 5/30/38 - $1,177,165.64 1,200,000.00
STATE STREET CORP 3.300 12/16/24 - $1,175,910.75 1,197,000.00
AMERICAN EXPRESS CO 4.050 12/3/42 - $1,169,601.89 1,229,000.00
SANTANDER UK PLC 4.000 3/13/24 - $1,165,691.04 1,165,000.00
JPMORGAN CHASE & CO 3.875 9/10/24 - $1,149,384.76 1,165,000.00
LLOYDS BANKING GROUP PLC 4.344 1/9/48 - $1,139,216.90 1,300,000.00
21ST CENTURY FOX AMERICA 6.150 2/15/41 - $1,137,542.12 928,000.00
UNITEDHEALTH GROUP INC 3.100 3/15/26 - $1,135,530.88 1,187,000.00
BANK OF AMERICA CORP 4.200 8/26/24 - $1,131,932.09 1,132,000.00
SUMITOMO MITSUI FINL GRP 3.364 7/12/27 - $1,130,748.58 1,198,000.00
21ST CENTURY FOX AMERICA INC 6.400 12/15/35 - $1,123,576.09 920,000.00
KINDER MORGAN ENERGY PARTNERS LP 6.950 1/15/38 - $1,108,478.42 946,000.00
MANULIFE FINANCIAL CORP 4.150 3/4/26 - $1,106,662.77 1,104,000.00
CANADIAN NATURAL RESOURCES LTD 6.250 3/15/38 - $1,105,737.67 964,000.00
TIME WARNER ENTERTAINMENT 8.375 7/15/33 - $1,097,718.13 884,000.00
ASTRAZENECA PLC 4.000 9/18/42 - $1,094,873.77 1,203,000.00
COOPERATIEVE RABOBANK UA 4.375 8/4/25 - $1,094,613.95 1,108,000.00
WELLS FARGO & COMPANY 3.550 9/29/25 - $1,086,349.87 1,118,000.00
APPLE INC 4.450 5/6/44 - $1,082,586.01 1,044,000.00
ANTHEM INC 4.650 1/15/43 - $1,066,475.89 1,100,000.00
WELLS FARGO & CO 3.300 9/9/24 - $1,064,214.69 1,100,000.00
JPMORGAN CHASE & CO 5.600 7/15/41 - $1,054,870.29 931,000.00
HSBC HOLDINGS PLC 5.250 3/14/44 - $1,039,439.43 1,005,000.00
JPMORGAN CHASE & CO 5.400 1/6/42 - $1,035,195.33 932,000.00
ECOPETROL SA 5.875 5/28/45 - $1,000,393.80 1,029,000.00
LOCKHEED MARTIN CORP 4.070 12/15/42 - $983,945.30 1,032,000.00
SUNCOR ENERGY INC 6.500 6/15/38 - $983,569.40 807,000.00
SOUTHERN COPPER CORP 5.875 4/23/45 - $970,526.89 899,000.00
CITIGROUP INC 4.750 5/18/46 - $969,480.69 1,003,000.00
BANK OF AMERICA CORP 4.250 10/22/26 - $969,464.81 985,000.00
MIZUHO FINANCIAL GROUP INC 2.839 9/13/26 - $965,200.94 1,061,000.00
CONOCOPHILLIPS HLDG CO 6.950 4/15/29 - $952,877.57 769,000.00
FORD MOTOR CREDIT CO LLC 4.389 1/8/26 - $949,050.00 1,000,000.00
HSBC HOLDINGS PLC 4.250 3/14/24 - $937,170.67 943,000.00
HP INC 6.000 9/15/41 - $932,172.56 921,000.00
WELLS FARGO & COMPANY 4.750 12/7/46 - $927,987.13 943,000.00
TELEFONICA EUROPE BV 8.250 9/15/30 - $925,033.07 723,000.00
WELLS FARGO & CO 3.900 5/1/45 - $915,238.33 1,000,000.00
TELEFONICA EMISIONES SAU 4.895 3/6/48 - $913,254.35 1,000,000.00
JEFFERIES GRP LLC / CAP 4.150 1/23/30 - $893,944.94 1,000,000.00
GENERAL MOTORS CO 5.200 4/1/45 - $883,617.00 980,000.00
AMERICA MOVIL SAB DE CV 4.375 7/16/42 - $883,526.56 919,000.00
DUKE ENERGY FLORIDA INC 6.400 6/15/38 - $857,125.09 678,000.00
SHELL INTL FINANCE BV 5.500 3/25/40 - $852,060.80 728,000.00
PEPSICO INC 5.500 1/15/40 - $848,166.85 720,000.00
JPMORGAN CHASE & CO 4.250 10/1/27 - $843,791.13 854,000.00
MIZUHO FINANCIAL GROUP 4.018 3/5/28 - $838,166.06 850,000.00
UNILEVER CAPITAL CORP 5.900 11/15/32 - $834,906.87 687,000.00
BHP BILLITON FINANCE USA LTD 4.125 2/24/42 - $824,617.96 852,000.00
NATIONAL AUSTRALIA BK/NY 2.500 7/12/26 - $810,320.22 902,000.00
CITIGROUP INC 3.400 5/1/26 - $808,052.52 851,000.00
CITIGROUP INC 3.700 1/12/26 - $800,575.01 827,000.00
BANK OF AMERICA CORP 5.875 2/7/42 - $789,081.29 672,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD 3.750 3/26/25 - $779,670.62 809,000.00
WELLS FARGO & COMPANY 5.375 11/2/43 - $773,510.36 728,000.00
SUMITOMO MITSUI FINL GRP 3.446 1/11/27 - $770,666.66 811,000.00
BANCO SANTANDER SA 4.379 4/12/28 - $765,490.07 804,000.00
BARCLAYS PLC 3.650 3/16/25 - $751,619.20 800,000.00
BAKER HUGHES INC 5.125 9/15/40 - $747,166.85 722,000.00
VIACOM INC 6.875 4/30/36 - $746,856.48 664,000.00
HALLIBURTON CO 7.450 9/15/39 - $745,869.80 563,000.00
EMBRAER NETHERLANDS FINA 5.050 6/15/25 - $744,068.75 745,000.00
COCA-COLA CO 2.250 9/1/26 - $737,947.82 816,000.00
TARGET CORP 3.500 7/1/24 - $729,945.52 724,000.00
BANCO SANTANDER SA 3.800 2/23/28 - $728,385.54 800,000.00
WESTPAC BANKING CORP 2.700 8/19/26 - $686,907.33 757,000.00
21ST CENTURY FOX AMERICA 6.200 12/15/34 - $682,091.61 569,000.00
MICROSOFT CORP 5.300 2/8/41 - $679,872.98 580,000.00
SOUTHERN COPPER CORP 6.750 4/16/40 - $665,833.55 571,000.00
COOPERATIEVE RABOBANK UA 3.375 5/21/25 - $639,311.38 656,000.00
BANK OF AMERICA CORP 3.500 4/19/26 - $636,550.79 661,000.00
APPLE INC 4.375 5/13/45 - $631,835.61 613,000.00
SHELL INTERNATIONAL FINANCE BV 4.125 5/11/35 - $629,938.60 627,000.00
CITIGROUP INC 5.500 9/13/25 - $629,063.10 592,000.00
PFIZER INC 4.125 12/15/46 - $625,811.06 634,000.00
CISCO SYSTEMS INC 5.900 2/15/39 - $623,095.00 500,000.00
DOW CHEMICAL CO 7.375 11/1/29 - $618,323.90 497,000.00
BANCO SANTANDER SA 5.179 11/19/25 - $606,856.42 600,000.00
JPMORGAN CHASE & CO 5.625 8/16/43 - $605,233.13 545,000.00
VERIZON COMMUNICATIONS 4.125 8/15/46 - $564,187.55 645,000.00
ANHEUSER-BUSCH INBEV WOR 4.950 1/15/42 - $533,022.54 528,000.00
CITIGROUP INC 4.125 7/25/28 - $526,155.98 548,000.00
BNP PARIBAS 4.250 10/15/24 - $516,288.26 521,000.00
NBCUNIVERSAL MEDIA LLC 4.450 1/15/43 - $507,467.92 532,000.00
SUMITOMO MITSUI FINL GRP 3.010 10/19/26 - $502,738.14 545,000.00
LLOYDS BANKING GROUP PLC 4.450 5/8/25 - $501,217.82 500,000.00
WELLS FARGO SECURITIES, LLC - - - $500,380.00 500,000.00
CITIGROUP INC 4.650 7/30/45 - $489,528.47 493,000.00
METLIFE INC 3.600 4/10/24 - $465,895.86 467,000.00
COOPERATIEVE RABOBANK UA 3.750 7/21/26 - $454,119.45 483,000.00
CNOOC FINANCE (2015) USA LLC 3.500 5/5/25 - $431,361.00 450,000.00
SHELL INTERNATIONAL FIN 2.875 5/10/26 - $428,832.52 453,000.00
COMCAST CORP 4.750 3/1/44 - $403,961.78 406,000.00
TELEFONICA EMISIONES SAU 4.103 3/8/27 - $398,883.84 417,000.00
WELLS FARGO BANK NA 6.600 1/15/38 - $316,220.57 253,000.00
FORD MOTOR CREDIT CO LLC 4.134 8/4/25 - $292,355.47 310,000.00
WELLS FARGO & COMPANY 4.650 11/4/44 - $245,320.49 253,000.00
HCA INC 5.000 3/15/24 - $239,557.50 234,000.00
CITIGROUP INC 5.875 1/30/42 - $219,196.34 191,000.00
TARGET CORP 4.000 7/1/42 - $213,241.36 224,000.00
WELLS FARGO & COMPANY 4.900 11/17/45 - $201,610.30 201,000.00
HSBC HOLDING PLC 4.250 8/18/25 - $196,159.05 200,000.00
MORGAN STANLEY 3.625 1/20/27 - $146,765.51 154,000.00
PFIZER INC 4.000 12/15/36 - $111,747.27 114,000.00
MORGAN STANLEY 3.125 7/27/26 - $110,533.09 119,000.00
SHELL INTERNATIONAL FIN 2.500 9/12/26 - $98,378.03 107,000.00
NET OTHER ASSETS / CASH - - - $15,272,861.33 15,272,861.33