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 12/15/17

Description Ticker Symbol Coupon Maturity Date Exposure Value
(Notional + G/L)
Market Value ($) Shares/Contracts
US ULTRA BOND FUTURE 03/20/2018 (WNH8) - - - (28,407,750.00) - (168.00)
US 10YR NOTE FUTURE 03/20/2018 (TYH8) - - - (170,084,703.13) - (1,367.00)
US LONG FUTURE 03/20/2018 (USH8) - - - (213,525,250.00) - (1,384.00)
MEDTRONIC INC - 3.500 3/15/25 - $4,714,538.66 4,530,000.00
COOPERATIEVE CENTRALE RAIFFEISEN BOERENLEENBANK BA - 5.250 5/24/41 - $4,065,150.60 3,221,000.00
WAL-MART STORES INC - 5.625 4/15/41 - $4,034,624.79 2,950,000.00
HSBC HOLDINGS PLC - 6.800 6/1/38 - $3,988,249.12 2,913,000.00
GOLDMAN SACHS GROUP INC - 4.250 10/21/25 - $3,864,163.81 3,684,000.00
APPLE INC - 3.200 5/13/25 - $3,523,937.51 3,444,000.00
NEXEN ENERGY ULC - 6.400 5/15/37 - $3,510,296.16 2,680,000.00
HSBC HOLDINGS PLC - 6.500 9/15/37 - $3,431,231.21 2,582,000.00
GENERAL ELECTRIC CO - 5.875 1/14/38 - $3,293,458.67 2,542,000.00
HCA INC - 5.250 4/15/25 - $3,170,505.00 2,977,000.00
VERIZON COMMUNICATIONS - 2.625 8/15/26 - $3,155,053.54 3,355,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD - 4.875 5/15/45 - $3,104,673.09 2,695,000.00
MORGAN STANLEY - 5.000 11/24/25 - $3,098,874.00 2,825,000.00
GOLDMAN SACHS GROUP INC - 5.150 5/22/45 - $3,057,687.13 2,609,000.00
VERIZON COMMUNICATIONS INC - 4.862 8/21/46 - $3,011,445.85 2,912,000.00
CISCO SYSTEMS INC - 5.500 1/15/40 - $2,986,266.37 2,246,000.00
ALTRIA GROUP INC - 5.375 1/31/44 - $2,848,661.19 2,334,000.00
BARCLAYS PLC - 4.375 1/12/26 - $2,814,755.40 2,700,000.00
BARCLAYS PLC - 4.950 1/10/47 - $2,759,028.83 2,468,000.00
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV - 3.150 10/1/26 - $2,695,220.55 3,242,000.00
APPLE INC - 3.450 5/6/24 - $2,588,490.64 2,491,000.00
GENERAL ELECTRIC CAPITAL CORP - 6.875 1/10/39 - $2,557,054.05 1,775,000.00
GOLDMAN SACHS GROUP INC - 6.250 2/1/41 - $2,536,091.86 1,880,000.00
VERIZON COMMUNICATIONS INC - 4.522 9/15/48 - $2,483,723.08 2,522,000.00
CONOCOPHILLIPS - 6.500 2/1/39 - $2,456,497.58 1,761,000.00
HSBC HOLDINGS PLC - 6.500 5/2/36 - $2,376,559.48 1,806,000.00
FIRSTENERGY CORP - 7.375 11/15/31 - $2,342,093.09 1,726,000.00
AXA SA - 8.600 12/15/30 - $2,329,920.00 1,618,000.00
21ST CENTURY FOX AMERICA INC - 6.650 11/15/37 - $2,325,333.86 1,687,000.00
GENERAL ELECTRIC CAPITAL CORP - 6.750 3/15/32 - $2,314,382.41 1,695,000.00
HOME DEPOT INC - 5.875 12/16/36 - $2,287,430.29 1,688,000.00
BANCO SANTANDER SA - 4.250 4/11/27 - $2,279,504.35 2,200,000.00
SUMITOMO MITSUI FINANCIAL GROUP INC - 3.784 3/9/26 - $2,270,731.07 2,190,000.00
PACIFIC GAS AND ELECTRIC CO - 6.050 3/1/34 - $2,262,629.40 1,776,000.00
GOLDMAN SACHS GROUP INC - 6.750 10/1/37 - $2,259,247.22 1,681,000.00
BERKSHIRE HATHAWAY ENERGY CO - 6.500 9/15/37 - $2,247,674.19 1,589,000.00
NBCUNIVERSAL MEDIA LLC - 5.950 4/1/41 - $2,222,376.88 1,695,000.00
ASTRAZENECA PLC - 6.450 9/15/37 - $2,215,541.17 1,631,000.00
COMCAST CORP - 6.500 11/15/35 - $2,177,430.63 1,614,000.00
TELEFONICA EMISIONES SAU - 7.045 6/20/36 - $2,168,437.73 1,625,000.00
VALE SA - 5.625 9/11/42 - $2,145,670.00 1,964,000.00
CRED SUIS GP FUN LTD - 4.550 4/17/26 - $2,145,040.86 2,000,000.00
SHELL INTL FINANCE BV - 3.250 5/11/25 - $2,142,809.11 2,087,000.00
TOTAL CAPITAL CANADA LTD - 2.750 7/15/23 - $2,129,723.25 2,113,000.00
PFIZER INC - 7.200 3/15/39 - $2,105,404.64 1,370,000.00
INTL BUSINESS MACHINES CORP - 3.625 2/12/24 - $2,100,268.59 2,002,000.00
GOLDMAN SACHS GROUP INC - 6.125 2/15/33 - $2,098,747.96 1,639,000.00
ORACLE CORP - 6.125 7/8/39 - $2,090,815.27 1,526,000.00
UNITED TECHNOLOGIES CORP - 4.500 6/1/42 - $2,043,960.59 1,833,000.00
BHP BILLITON FINANCE USA LTD - 5.000 9/30/43 - $2,038,095.33 1,655,000.00
FORD MOTOR CO - 7.450 7/16/31 - $2,020,317.41 1,547,000.00
CISCO SYSTEMS INC - 3.625 3/4/24 - $1,981,691.80 1,876,000.00
AT&T INC - 5.550 8/15/41 - $1,981,193.82 1,822,000.00
UNITEDHEALTH GROUP INC - 3.750 7/15/25 - $1,978,189.65 1,877,000.00
ABBVIE INC - 4.400 11/6/42 - $1,942,667.34 1,815,000.00
JPMORGAN CHASE & CO - 3.875 2/1/24 - $1,942,202.26 1,842,000.00
AMERICA MOVIL SAB DE CV - 6.125 3/30/40 - $1,939,466.16 1,526,000.00
CITIGROUP INC - 4.450 9/29/27 - $1,914,922.49 1,814,000.00
MITSUBISHI UFJ FIN GRP - 3.677 2/22/27 - $1,881,474.94 1,830,000.00
BANK OF AMERICA CORP - 7.750 5/14/38 - $1,875,095.14 1,242,000.00
DAIMLER FINANCE NORTH AMERICA LLC - 8.500 1/18/31 - $1,869,242.99 1,235,000.00
SOUTHERN COPPER CORP - 5.250 11/8/42 - $1,841,580.06 1,642,000.00
PFIZER INC - 3.400 5/15/24 - $1,827,913.93 1,748,000.00
BLACKROCK INC - 3.500 3/18/24 - $1,801,859.23 1,728,000.00
TIME WARNER CABLE INC - 6.750 6/15/39 - $1,794,902.67 1,500,000.00
WELLS FARGO & COMPANY - 3.000 10/23/26 - $1,792,553.24 1,820,000.00
SHELL INTL FINANCE BV - 4.375 5/11/45 - $1,790,402.54 1,586,000.00
GEORGIA POWER CO - 4.300 3/15/42 - $1,778,182.33 1,683,000.00
GENERAL ELECTRIC CO - 4.125 10/9/42 - $1,771,411.11 1,678,000.00
MORGAN STANLEY - 3.875 1/27/26 - $1,749,316.95 1,678,000.00
WELLS FARGO & COMPANY - 4.100 6/3/26 - $1,745,043.69 1,662,000.00
VERIZON COMMUNICATIONS - 4.272 1/15/36 - $1,739,736.13 1,751,000.00
FORD MOTOR COMPANY - 4.750 1/15/43 - $1,731,796.64 1,702,000.00
MANULIFE FINANCIAL CORP - 4.150 3/4/26 - $1,715,106.30 1,614,000.00
ANHEUSER-BUSCH INBEV FIN - 3.700 2/1/24 - $1,705,432.50 1,627,000.00
METLIFE INC - 5.700 6/15/35 - $1,694,032.36 1,323,000.00
METLIFE INC - 4.050 3/1/45 - $1,692,079.98 1,605,000.00
WEYERHAEUSER CO - 7.375 3/15/32 - $1,682,106.77 1,213,000.00
CATERPILLAR INC - 3.803 8/15/42 - $1,678,828.56 1,574,000.00
FIFTH THIRD BANCORP - 8.250 3/1/38 - $1,677,177.30 1,092,000.00
TIME WARNER CABLE INC - 7.300 7/1/38 - $1,654,726.82 1,314,000.00
HESS CORP - 5.600 2/15/41 - $1,635,527.23 1,532,000.00
AMERICAN EXPRESS CO - 4.050 12/3/42 - $1,630,770.17 1,541,000.00
PFIZER INC - 2.750 6/3/26 - $1,626,949.56 1,642,000.00
UNITEDHEALTH GROUP INC - 6.875 2/15/38 - $1,606,113.60 1,104,000.00
GENERAL MOTORS CO - 6.250 10/2/43 - $1,590,261.55 1,340,000.00
ANHEUSER-BUSCH INBEV WORLDWIDE INC - 3.750 7/15/42 - $1,576,144.36 1,609,000.00
PROCTER & GAMBLE CO/THE - 3.100 8/15/23 - $1,562,720.92 1,517,000.00
SHELL INTL FINANCE BV - 4.550 8/12/43 - $1,560,724.32 1,377,000.00
COCA-COLA CO - 2.250 9/1/26 - $1,540,259.14 1,617,000.00
VALE OVERSEAS LTD - 6.875 11/10/39 - $1,537,813.80 1,257,000.00
MASTERCARD INC - 3.375 4/1/24 - $1,535,531.40 1,476,000.00
21ST CENTURY FOX AMERICA INC - 6.150 3/1/37 - $1,534,189.73 1,169,000.00
BARCLAYS PLC - 5.200 5/12/26 - $1,524,714.38 1,425,000.00
KINDER MORGAN ENERGY PARTNERS LP - 6.950 1/15/38 - $1,522,029.32 1,230,000.00
MICROSOFT CORP - 4.500 10/1/40 - $1,518,729.73 1,296,000.00
BANK OF AMERICA CORP - 5.000 1/21/44 - $1,515,769.05 1,242,000.00
CRED SUIS GP FUN LTD - 3.800 6/9/23 - $1,511,809.76 1,463,000.00
UNITED TECHNOLOGIES CORP - 6.125 7/15/38 - $1,492,771.06 1,121,000.00
GENERAL ELECTRIC CO - 4.500 3/11/44 - $1,491,661.34 1,342,000.00
MEDTRONIC INC - 4.375 3/15/35 - $1,490,929.88 1,322,000.00
CENOVUS ENERGY INC - 6.750 11/15/39 - $1,489,477.19 1,234,000.00
PROCTER & GAMBLE CO/THE - 5.550 3/5/37 - $1,488,664.14 1,104,000.00
JPMORGAN CHASE & CO - 4.950 6/1/45 - $1,483,249.24 1,281,000.00
CITIGROUP INC - 4.600 3/9/26 - $1,478,194.74 1,385,000.00
WYETH LLC - 5.950 4/1/37 - $1,478,090.24 1,096,000.00
STATOIL ASA - 3.700 3/1/24 - $1,476,184.79 1,403,000.00
WALT DISNEY COMPANY/THE - 1.850 7/30/26 - $1,472,963.36 1,607,000.00
BERKSHIRE HATHAWAY INC - 4.500 2/11/43 - $1,441,416.41 1,246,000.00
MORGAN STANLEY - 3.700 10/23/24 - $1,436,471.95 1,386,000.00
COCA-COLA CO - 3.200 11/1/23 - $1,429,985.84 1,379,000.00
EMBRAER NETHERLANDS FINA - 5.050 6/15/25 - $1,428,390.06 1,383,000.00
PFIZER INC - 3.000 12/15/26 - $1,410,066.46 1,394,000.00
RABOBANK NEDERLAND - 4.625 12/1/23 - $1,406,283.90 1,309,000.00
VERIZON COMMUNICATIONS INC - 5.150 9/15/23 - $1,403,442.74 1,262,000.00
APPLE INC - 3.450 2/9/45 - $1,397,235.79 1,432,000.00
KRAFT HEINZ FOODS CO - 5.000 6/4/42 - $1,375,705.64 1,274,000.00
AMERICA MOVIL SAB DE CV - 6.375 3/1/35 - $1,373,739.32 1,082,000.00
APPLE INC - 3.850 5/4/43 - $1,372,418.97 1,309,000.00
PHILLIPS 66 - 5.875 5/1/42 - $1,348,848.32 1,052,000.00
MORGAN STANLEY - 4.000 7/23/25 - $1,343,867.63 1,278,000.00
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV - 4.100 10/1/46 - $1,340,554.86 1,740,000.00
CITIGROUP INC - 3.875 3/26/25 - $1,334,772.17 1,302,000.00
CITIGROUP INC - 4.400 6/10/25 - $1,333,373.45 1,260,000.00
NOVARTIS CAPITAL CORP - 4.400 5/6/44 - $1,321,174.99 1,154,000.00
SHELL INTL FINANCE BV - 6.375 12/15/38 - $1,310,333.66 932,000.00
21ST CENTURY FOX AMERICA INC - 6.400 12/15/35 - $1,305,513.62 973,000.00
STATE STREET CORP - 3.550 8/18/25 - $1,301,113.11 1,250,000.00
NOVARTIS CAPITAL CORP - 3.400 5/6/24 - $1,293,484.53 1,239,000.00
DEUTSCHE BANK AG (LONDON BRANCH) - 3.700 5/30/24 - $1,293,423.60 1,281,000.00
MEDTRONIC INC - 4.625 3/15/45 - $1,281,378.67 1,095,000.00
MORGAN STANLEY - 3.875 4/29/24 - $1,269,994.78 1,212,000.00
VIACOM INC - 6.875 4/30/36 - $1,264,899.37 1,115,000.00
UNITEDHEALTH GROUP INC - 3.100 3/15/26 - $1,258,020.80 1,248,000.00
APACHE CORP - 6.000 1/15/37 - $1,256,161.69 1,058,000.00
TELEFONICA EMISIONES SAU - 5.213 3/8/47 - $1,252,860.73 1,117,000.00
WESTPAC BANKING CORP - 2.850 5/13/26 - $1,249,431.10 1,278,000.00
WELLS FARGO & CO - 3.000 2/19/25 - $1,246,676.62 1,252,000.00
CITIGROUP INC - 6.675 9/13/43 - $1,225,834.03 878,000.00
SANTANDER UK PLC - 4.000 3/13/24 - $1,224,372.61 1,160,000.00
COMCAST CORP - 4.250 1/15/33 - $1,221,407.85 1,119,000.00
BANK OF AMERICA CORP - 3.500 4/19/26 - $1,211,696.47 1,181,000.00
VODAFONE GROUP PLC - 6.150 2/27/37 - $1,207,645.61 958,000.00
CITIGROUP INC - 4.750 5/18/46 - $1,205,311.58 1,086,000.00
MORGAN STANLEY - 4.300 1/27/45 - $1,202,495.73 1,113,000.00
SHELL INTERNATIONAL FIN - 3.750 9/12/46 - $1,200,706.55 1,186,000.00
BANK OF AMERICA CORP - 3.950 4/21/25 - $1,200,526.82 1,159,000.00
ECOPETROL SA - 5.875 9/18/23 - $1,187,875.00 1,075,000.00
VALERO ENERGY CORP - 6.625 6/15/37 - $1,186,556.38 900,000.00
AT&T INC - 5.350 9/1/40 - $1,177,342.51 1,110,000.00
MERCK & CO INC - 4.150 5/18/43 - $1,175,776.82 1,056,000.00
CANADIAN NATURAL RESOURCES LTD - 6.250 3/15/38 - $1,174,592.25 936,000.00
NORTHROP GRUMMAN CORP - 3.250 8/1/23 - $1,173,360.13 1,150,000.00
UNABLE TO RESOLVE AND COLLECT DATA FOR ALL REQUESTED IDENTIFIERS AND FIELDS. - 3.500 3/15/25 - $1,171,255.46 1,148,000.00
ASTRAZENECA PLC - 3.375 11/16/25 - $1,161,519.04 1,142,000.00
VALE OVERSEAS LTD - 6.875 11/21/36 - $1,155,127.50 942,000.00
JPMORGAN CHASE & CO - 4.850 2/1/44 - $1,144,990.23 960,000.00
STATE STREET CORP - 3.700 11/20/23 - $1,143,496.58 1,082,000.00
ANADARKO PETROLEUM CORP - 6.450 9/15/36 - $1,136,919.80 923,000.00
VIACOM INC - 4.375 3/15/43 - $1,129,066.33 1,313,000.00
JPMORGAN CHASE & CO - 5.400 1/6/42 - $1,128,217.54 892,000.00
WILLIAMS PARTNERS LP - 6.300 4/15/40 - $1,124,039.01 912,000.00
VALE OVERSEAS LTD - 6.250 8/10/26 - $1,122,484.00 970,000.00
WELLS FARGO & CO - 3.300 9/9/24 - $1,118,753.36 1,100,000.00
SHELL INTL FINANCE BV - 5.500 3/25/40 - $1,112,499.34 878,000.00
UNABLE TO RESOLVE AND COLLECT DATA FOR ALL REQUESTED IDENTIFIERS AND FIELDS. - 6.250 3/29/41 - $1,106,700.58 880,000.00
INTL BUSINESS MACHINES CORP - 4.000 6/20/42 - $1,106,105.93 1,046,000.00
COCA-COLA CO - 2.875 10/27/25 - $1,103,791.24 1,098,000.00
TIME WARNER ENTERTAINMENT - 8.375 7/15/33 - $1,103,785.43 802,000.00
CREDIT SUISSE NEW YORK - 3.625 9/9/24 - $1,099,628.27 1,059,000.00
FORD MOTOR CREDIT CO LLC - 4.375 8/6/23 - $1,084,270.74 1,029,000.00
BANK OF AMERICA CORP - 4.200 8/26/24 - $1,078,273.39 1,020,000.00
BARCLAYS PLC - 4.375 9/11/24 - $1,074,612.48 1,046,000.00
LOCKHEED MARTIN CORP - 4.070 12/15/42 - $1,073,516.25 1,016,000.00
GLAXOSMITHKLINE CAPITAL INC - 6.375 5/15/38 - $1,062,674.74 751,000.00
MORGAN STANLEY - 4.350 9/8/26 - $1,062,370.81 1,010,000.00
VERIZON COMMUNICATIONS - 4.500 8/10/33 - $1,052,519.75 1,000,000.00
GENERAL MOTORS CO - 4.875 10/2/23 - $1,047,640.03 968,000.00
JPMORGAN CHASE & CO - 3.625 5/13/24 - $1,044,506.01 1,002,000.00
MORGAN STANLEY - 3.625 1/20/27 - $1,039,506.62 1,014,000.00
PHILIP MORRIS INTL INC - 6.375 5/16/38 - $1,036,526.76 761,000.00
WELLS FARGO & COMPANY - 3.550 9/29/25 - $1,032,163.75 1,003,000.00
APPLE INC - 2.500 2/9/25 - $1,020,126.36 1,044,000.00
ROYAL BK SCOTLND GRP PLC - 3.875 9/12/23 - $1,018,742.14 1,000,000.00
TELEFONICA EUROPE BV - 8.250 9/15/30 - $1,008,874.73 710,000.00
JPMORGAN CHASE & CO - 3.875 9/10/24 - $1,004,196.99 962,000.00
JPMORGAN CHASE & CO - 6.400 5/15/38 - $993,755.63 719,000.00
WELLS FARGO & COMPANY - 4.900 11/17/45 - $993,703.87 874,000.00
ORACLE CORP - 3.625 7/15/23 - $993,410.93 944,000.00
PHILIP MORRIS INTL INC - 4.250 11/10/44 - $991,882.22 935,000.00
JPMORGAN CHASE & CO - 5.500 10/15/40 - $979,384.41 772,000.00
PFIZER INC - 4.000 12/15/36 - $977,890.72 890,000.00
SHELL INTERNATIONAL FINANCE BV - 4.125 5/11/35 - $973,684.91 884,000.00
ECOPETROL SA - 5.875 5/28/45 - $964,995.50 941,000.00
EL PASO LLC - 7.750 1/15/32 - $942,880.45 729,000.00
COMCAST CORP - 3.600 3/1/24 - $930,329.94 892,000.00
TARGET CORP - 2.500 4/15/26 - $919,885.91 956,000.00
PEPSICO INC - 5.500 1/15/40 - $902,607.13 700,000.00
GE CAPITAL INTL FUNDING - 4.418 11/15/35 - $902,494.52 833,000.00
MOLSON COORS BREWING CO - 5.000 5/1/42 - $894,992.69 784,000.00
WESTPAC BANKING CORP - 3.350 3/8/27 - $893,117.10 880,000.00
HP INC - 6.000 9/15/41 - $892,762.22 825,000.00
SHELL INTERNATIONAL FIN - 2.500 9/12/26 - $870,380.75 898,000.00
RIO TINTO FINANCE (USA) LTD - 5.200 11/2/40 - $868,753.97 702,000.00
BANK OF AMERICA CORP - 5.875 2/7/42 - $863,111.68 650,000.00
TARGET CORP - 3.625 4/15/46 - $851,327.16 872,000.00
ASTRAZENECA PLC - 4.375 11/16/45 - $844,622.33 772,000.00
TOTAL CAPITAL INTL SA - 3.750 4/10/24 - $841,674.10 795,000.00
HSBC HOLDINGS PLC - 4.375 11/23/26 - $838,322.01 800,000.00
UNITEDHEALTH GROUP INC - 4.625 7/15/35 - $831,208.56 716,000.00
BAKER HUGHES INC - 5.125 9/15/40 - $823,904.81 698,000.00
CITIGROUP INC - 3.400 5/1/26 - $821,954.18 813,000.00
GENERAL MOTORS CO - 5.200 4/1/45 - $818,386.01 773,000.00
WELLS FARGO & COMPANY - 3.000 4/22/26 - $813,866.39 826,000.00
SHELL INTERNATIONAL FIN - 3.400 8/12/23 - $805,751.33 775,000.00
HALLIBURTON CO - 7.450 9/15/39 - $803,091.75 560,000.00
WAL-MART STORES INC - 6.200 4/15/38 - $802,119.36 566,000.00
PFIZER INC - 3.000 6/15/23 - $800,030.68 783,000.00
CITIGROUP INC - 4.300 11/20/26 - $792,537.81 757,000.00
JPMORGAN CHASE & CO - 5.600 7/15/41 - $790,171.07 613,000.00
WELLS FARGO & CO - 4.125 8/15/23 - $789,769.96 750,000.00
ALTRIA GROUP INC - 4.000 1/31/24 - $784,163.14 735,000.00
MITSUBISHI UFJ FINANCIAL GROUP INC - 3.850 3/1/26 - $783,529.20 754,000.00
WELLS FARGO & CO - 3.900 5/1/45 - $779,794.33 748,000.00
CISCO SYSTEMS INC - 5.900 2/15/39 - $778,443.09 566,000.00
IBM CORP - 3.375 8/1/23 - $756,758.16 730,000.00
WELLS FARGO & COMPANY - 4.750 12/7/46 - $750,958.46 669,000.00
BP CAPITAL MARKETS PLC - 3.814 2/10/24 - $739,371.77 701,000.00
TARGET CORP - 3.500 7/1/24 - $735,469.95 704,000.00
BANK OF AMERICA CORP - 4.250 10/22/26 - $720,331.10 682,000.00
AT&T INC - 5.150 3/15/42 - $720,160.23 700,000.00
TIME WARNER INC - 6.100 7/15/40 - $714,124.19 580,000.00
WELLS FARGO & COMPANY - 4.650 11/4/44 - $713,057.92 650,000.00
APPLE INC - 4.375 5/13/45 - $708,298.28 632,000.00
TARGET CORP - 4.000 7/1/42 - $708,028.09 680,000.00
BANK OF AMERICA CORP - 6.110 1/29/37 - $704,060.39 548,000.00
SUMITOMO MITSUI FINL GRP - 3.364 7/12/27 - $703,162.87 700,000.00
STATE STREET CORP - 3.300 12/16/24 - $694,929.66 671,000.00
SHELL INTERNATIONAL FIN - 4.000 5/10/46 - $691,300.04 650,000.00
RABOBANK INTERNATIONAL (UTRECHT BRANCH) - 5.250 8/4/45 - $684,268.67 563,000.00
VODAFONE GROUP PLC - 4.375 2/19/43 - $671,581.64 650,000.00
SUMITOMO MITSUI FINL GRP - 3.446 1/11/27 - $671,522.86 665,000.00
MORGAN STANLEY - 4.375 1/22/47 - $657,876.59 600,000.00
HSBC HOLDINGS PLC - 4.250 3/14/24 - $656,176.29 627,000.00
BANK OF AMERICA CORP - 4.000 1/22/25 - $647,829.87 622,000.00
TRANSCANADA PIPELINES - 7.625 1/15/39 - $644,356.52 425,000.00
CITIGROUP INC - 3.700 1/12/26 - $643,200.08 625,000.00
DOW CHEMICAL CO - 7.375 11/1/29 - $629,100.13 470,000.00
TRANSCANADA PIPELINES - 6.200 10/15/37 - $628,516.67 475,000.00
BHP BILLITON FINANCE USA LTD - 4.125 2/24/42 - $624,048.31 583,000.00
TELEFONICA EMISIONES SAU - 4.103 3/8/27 - $619,890.86 600,000.00
BANK OF AMERICA CORP - 4.450 3/3/26 - $617,223.79 577,000.00
APPLE INC - 4.450 5/6/44 - $613,923.12 538,000.00
JPMORGAN CHASE & CO - 5.625 8/16/43 - $608,458.20 488,000.00
PFIZER INC - 4.125 12/15/46 - $608,396.81 546,000.00
CITIGROUP INC - 5.500 9/13/25 - $603,912.11 534,000.00
ORACLE CORP - 5.375 7/15/40 - $599,784.73 476,000.00
TEVA PHARMACEUTICALS NE - 2.800 7/21/23 - $589,648.03 674,000.00
UNITEDHEALTH GROUP INC - 4.750 7/15/45 - $581,888.66 494,000.00
DEVON FINANCING CO LLC - 7.875 9/30/31 - $575,903.41 421,000.00
DISCOVER BANK - 4.200 8/8/23 - $553,928.60 526,000.00
CITIGROUP INC - 4.650 7/30/45 - $547,303.85 477,000.00
BANK OF AMERICA CORP - 4.000 4/1/24 - $530,329.85 500,000.00
BPCE SA - 4.000 4/15/24 - $530,010.00 500,000.00
IBM CORP - 3.450 2/19/26 - $517,307.42 500,000.00
AMERICAN INTL GROUP INC - 4.125 2/15/24 - $516,737.75 488,000.00
BP CAPITAL MARKETS PLC - 3.506 3/17/25 - $505,369.80 488,000.00
HOWARD HUGHES MEDICAL INSTITUTE - 3.500 9/1/23 - $504,871.54 482,000.00
HSBC HOLDINGS PLC - 5.250 3/14/44 - $495,382.06 417,000.00
SUMITOMO MITSUI FINL GRP - 2.632 7/14/26 - $481,271.98 506,000.00
SHELL INTERNATIONAL FIN - 2.875 5/10/26 - $474,234.67 475,000.00
UNITED TECHNOLOGIES CORP - 5.700 4/15/40 - $462,590.72 360,000.00
COOPERATIEVE RABOBANK UA - 3.750 7/21/26 - $456,429.10 450,000.00
CNOOC FINANCE (2015) USA LLC - 3.500 5/5/25 - $455,692.50 450,000.00
CONOCOPHILLIPS HLDG CO - 6.950 4/15/29 - $454,641.63 346,000.00
HCA INC - 5.000 3/15/24 - $432,630.00 414,000.00
WELLS FARGO & COMPANY - 5.375 11/2/43 - $421,259.61 350,000.00
SUNCOR ENERGY INC - 6.500 6/15/38 - $416,155.42 309,000.00
HSBC HOLDINGS PLC - 3.900 5/25/26 - $414,402.25 400,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD - 3.750 3/26/25 - $409,719.96 400,000.00
UNILEVER CAPITAL CORP - 5.900 11/15/32 - $398,661.54 304,000.00
WESTPAC BANKING CORP - 2.700 8/19/26 - $393,413.16 406,000.00
METLIFE INC - 3.600 4/10/24 - $373,560.05 357,000.00
ECOPETROL SA - 4.125 1/16/25 - $354,510.00 351,000.00
WELLS FARGO BANK NA - 6.600 1/15/38 - $351,140.96 250,000.00
LLOYDS BANKING GROUP PLC - 4.650 3/24/26 - $347,779.85 328,000.00
MORGAN STANLEY - 3.125 7/27/26 - $345,382.21 350,000.00
NATIONAL AUSTRALIA BK/NY - 2.500 7/12/26 - $340,132.36 357,000.00
ASTRAZENECA PLC - 4.000 9/18/42 - $334,604.72 329,000.00
JPMORGAN CHASE & CO - 4.250 10/1/27 - $330,360.34 310,000.00
UNITED PARCEL SERVICE INC - 6.200 1/15/38 - $329,640.32 239,000.00
AMERICAN TOWER CORP - 5.000 2/15/24 - $329,238.06 300,000.00
WALT DISNEY COMPANY/THE - 3.000 2/13/26 - $301,002.62 300,000.00
WAL MART STORES INC - 5.250 9/1/35 - $254,701.07 200,000.00
COMCAST CORP - 4.750 3/1/44 - $250,891.11 220,000.00
ANHEUSER-BUSCH INBEV WOR - 4.950 1/15/42 - $233,091.97 200,000.00
VERIZON COMMUNICATIONS - 4.125 8/15/46 - $222,443.62 240,000.00
MICROSOFT CORP - 5.300 2/8/41 - $217,144.85 168,000.00
SANTANDER ISSUANCES SANTAN 5.179 11/19/25 - $216,831.05 200,000.00
LLOYDS BANKING GROUP PLC - 4.500 11/4/24 - $216,677.17 206,000.00
SOUTHERN COPPER CORP - 6.750 4/16/40 - $202,944.79 156,000.00
NBCUNIVERSAL MEDIA LLC - 4.450 1/15/43 - $196,282.11 180,000.00
SUMITOMO MITSUI FINL GRP - 3.010 10/19/26 - $195,587.74 200,000.00
CITIGROUP INC - 5.875 1/30/42 - $192,902.46 146,000.00
BANK OF AMERICA CORP - 4.125 1/22/24 - $173,859.01 163,000.00
PEPSI BOTTLING GROUP INC - 7.000 3/1/29 - $162,939.30 120,000.00
TOTAL CAPITAL INTL SA - 3.700 1/15/24 - $108,899.71 103,000.00
CITIGROUP INC - 4.125 7/25/28 - $103,265.62 100,000.00
DUKE ENERGY FLORIDA INC - 6.400 6/15/38 - $32,659.99 23,000.00
NET OTHER ASSETS / CASH - - - - $9,317,048.96 9,317,048.96