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 1/22/19

Description Coupon Maturity Date Exposure Value
(Notional + G/L)
Market Value ($) Shares/Contracts
US ULTRA BOND FUTURE 03/20/2019 (WNH9) - - (31,132,968.75) $(311.33) (195.00)
US 10YR NOTE FUTURE 03/20/2019 (TYH9) - - (151,972,656.25) $(1,519.73) (1,250.00)
US LONG FUTURE 03/20/2019 (USH9) - - (195,426,000.00) $(1,954.26) (1,344.00)
GOLDMAN SACHS GROUP INC 6.750 10/1/37 - $5,218,103.54 4,422,000.00
HOME DEPOT INC 5.875 12/16/36 - $4,317,110.32 3,584,000.00
PFIZER INC 7.200 3/15/39 - $4,269,678.10 3,047,000.00
MEDTRONIC INC 3.500 3/15/25 - $3,970,834.97 3,951,000.00
MITSUBISHI UFJ FINANCIAL GROUP INC 3.850 3/1/26 - $3,722,722.37 3,709,000.00
GLAXOSMITHKLINE CAPITAL INC 6.375 5/15/38 - $3,491,743.04 2,791,000.00
BARCLAYS PLC 4.375 1/12/26 - $3,481,117.93 3,571,000.00
GOLDMAN SACHS GROUP INC 4.250 10/21/25 - $3,412,835.56 3,440,000.00
ASTRAZENECA PLC 6.450 9/15/37 - $3,359,013.63 2,830,000.00
GENERAL ELECTRIC CAPITAL CORP 6.750 3/15/32 - $3,358,738.65 3,175,000.00
CRED SUIS GP FUN LTD 4.550 4/17/26 - $3,138,079.22 3,131,000.00
RABOBANK INTERNATIONAL (UTRECHT BRANCH) 5.250 8/4/45 - $3,043,833.65 2,925,000.00
APPLE INC 3.200 5/13/25 - $3,037,352.64 3,055,000.00
TELEFONICA EMISIONES SAU 7.045 6/20/36 - $3,016,112.50 2,600,000.00
SHELL INTL FINANCE BV 4.375 5/11/45 - $2,970,316.84 2,842,000.00
CONOCOPHILLIPS 6.500 2/1/39 - $2,937,019.55 2,291,000.00
SUMITOMO MITSUI FINANCIAL GROUP INC 3.784 3/9/26 - $2,914,569.57 2,923,000.00
MEDTRONIC INC 4.625 3/15/45 - $2,872,306.68 2,717,000.00
VODAFONE GROUP PLC 5.250 5/30/48 - $2,820,935.27 2,912,000.00
TIME WARNER CABLE INC 7.300 7/1/38 - $2,678,668.01 2,448,000.00
HSBC HOLDINGS PLC 6.800 6/1/38 - $2,673,887.29 2,210,000.00
TELEFONICA EMISIONES SAU 4.895 3/6/48 - $2,500,415.03 2,700,000.00
CITIGROUP INC 4.450 9/29/27 - $2,495,904.42 2,523,000.00
HSBC HOLDINGS PLC 6.500 5/2/36 - $2,413,782.84 2,078,000.00
LLOYDS BANKING GROUP PLC 4.500 11/4/24 - $2,387,645.48 2,442,000.00
COOPERATIEVE RABOBANK UA 5.750 12/1/43 - $2,336,213.47 2,116,000.00
DAIMLER FINANCE NORTH AMERICA LLC 8.500 1/18/31 - $2,302,267.11 1,691,000.00
TIME WARNER CABLE INC 6.750 6/15/39 - $2,286,074.16 2,187,000.00
HSBC BANK USA NA 5.875 11/1/34 - $2,280,684.20 2,000,000.00
KRAFT HEINZ FOODS CO 5.000 6/4/42 - $2,276,919.74 2,499,000.00
ORACLE CORP 5.375 7/15/40 - $2,259,367.16 2,000,000.00
UNITED TECHNOLOGIES CORP 5.700 4/15/40 - $2,243,932.90 2,047,000.00
CISCO SYSTEMS INC 5.500 1/15/40 - $2,234,329.72 1,864,000.00
ING GROEP NV 3.950 3/29/27 - $2,208,180.37 2,291,000.00
WAL-MART STORES INC 6.500 8/15/37 - $2,207,465.76 1,700,000.00
WESTPAC BANKING CORP 2.850 5/13/26 - $2,168,064.85 2,316,000.00
GOLDMAN SACHS GROUP INC 6.250 2/1/41 - $2,121,928.07 1,810,000.00
JPMORGAN CHASE & CO 4.950 6/1/45 - $2,106,216.86 2,019,000.00
WEYERHAEUSER CO 7.375 3/15/32 - $2,076,260.22 1,692,000.00
BANCO SANTANDER SA 4.250 4/11/27 - $2,069,567.93 2,165,000.00
UNITEDHEALTH GROUP INC 3.750 7/15/25 - $2,068,282.65 2,027,000.00
JPMORGAN CHASE & CO 5.625 8/16/43 - $2,055,917.52 1,829,000.00
VERIZON COMMUNICATIONS 4.125 3/16/27 - $2,033,652.12 2,008,000.00
AXA SA 8.600 12/15/30 - $2,027,968.84 1,618,000.00
FIRSTENERGY CORP 7.375 11/15/31 - $2,008,141.91 1,596,000.00
JPMORGAN CHASE & CO 5.500 10/15/40 - $1,966,099.27 1,728,000.00
ECOPETROL SA 5.875 5/28/45 - $1,960,119.45 1,999,000.00
CISCO SYSTEMS INC 5.900 2/15/39 - $1,937,335.77 1,581,000.00
MORGAN STANLEY 3.875 1/27/26 - $1,935,658.07 1,956,000.00
HCA INC 5.250 4/15/25 - $1,935,656.25 1,877,000.00
VALE OVERSEAS LTD 6.250 8/10/26 - $1,914,000.00 1,740,000.00
VERIZON COMMUNICATIONS 4.500 8/10/33 - $1,905,237.98 1,896,000.00
CONOCOPHILLIPS HLDG CO 6.950 4/15/29 - $1,866,329.32 1,494,000.00
HSBC HOLDINGS PLC 5.250 3/14/44 - $1,846,982.15 1,807,000.00
CITIGROUP INC 4.300 11/20/26 - $1,845,157.35 1,873,000.00
CATERPILLAR INC 3.803 8/15/42 - $1,840,831.23 1,966,000.00
LOCKHEED MARTIN CORP 4.070 12/15/42 - $1,811,905.99 1,888,000.00
LLOYDS BANKING GROUP PLC 4.582 12/10/25 - $1,807,395.38 1,875,000.00
ASTRAZENECA PLC 3.375 11/16/25 - $1,799,213.75 1,858,000.00
SHELL INTERNATIONAL FIN 4.000 5/10/46 - $1,791,658.02 1,810,000.00
AMERICA MOVIL SAB DE CV 6.125 3/30/40 - $1,776,764.33 1,486,000.00
BERKSHIRE HATHAWAY INC 4.500 2/11/43 - $1,767,169.42 1,706,000.00
COCA-COLA CO 2.875 10/27/25 - $1,766,455.95 1,820,000.00
VODAFONE GROUP PLC 4.125 5/30/25 - $1,759,259.83 1,764,000.00
WELLS FARGO & COMPANY 3.000 4/22/26 - $1,754,947.51 1,867,000.00
MORGAN STANLEY 5.000 11/24/25 - $1,754,901.02 1,693,000.00
VALE OVERSEAS LTD 6.875 11/10/39 - $1,724,950.15 1,463,000.00
VALE OVERSEAS LTD 6.875 11/21/36 - $1,720,057.50 1,467,000.00
MORGAN STANLEY 4.300 1/27/45 - $1,717,657.51 1,808,000.00
SOUTHERN COPPER CORP 5.875 4/23/45 - $1,717,604.00 1,634,000.00
APPLE INC 2.500 2/9/25 - $1,711,951.97 1,795,000.00
COMCAST CORP 4.650 7/15/42 - $1,692,055.27 1,664,000.00
BERKSHIRE HATHAWAY ENERG 6.125 4/1/36 - $1,688,302.94 1,414,000.00
WELLS FARGO & COMPANY 3.000 10/23/26 - $1,684,404.89 1,796,000.00
GLAXOSMITHKLINE CAPITAL INC 3.875 5/15/28 - $1,678,748.87 1,650,000.00
WELLS FARGO & CO 3.000 2/19/25 - $1,676,130.31 1,752,000.00
MORGAN STANLEY 4.350 9/8/26 - $1,670,924.02 1,689,000.00
WYETH LLC 5.950 4/1/37 - $1,668,536.92 1,377,000.00
VERIZON COMMUNICATIONS INC 4.862 8/21/46 - $1,667,386.66 1,650,000.00
SHELL INTL FINANCE BV 6.375 12/15/38 - $1,666,402.97 1,291,000.00
GE CAPITAL INTL FUNDING 3.373 11/15/25 - $1,656,718.16 1,800,000.00
GE CAPITAL INTL FUNDING 4.418 11/15/35 - $1,656,429.49 1,945,000.00
SHELL INTL FINANCE BV 3.250 5/11/25 - $1,655,647.84 1,662,000.00
UNITED PARCEL SERVICE INC 6.200 1/15/38 - $1,649,828.77 1,346,000.00
PFIZER INC 3.000 12/15/26 - $1,648,707.33 1,696,000.00
GENERAL ELECTRIC CO 4.500 3/11/44 - $1,648,202.88 2,000,000.00
WALT DISNEY COMPANY/THE 1.850 7/30/26 - $1,640,888.51 1,830,000.00
MEDTRONIC INC 4.375 3/15/35 - $1,632,467.96 1,592,000.00
METLIFE INC 4.050 3/1/45 - $1,629,436.90 1,751,000.00
MITSUBISHI UFJ FIN GRP 3.677 2/22/27 - $1,627,429.94 1,646,000.00
UNITED TECHNOLOGIES CORP 6.125 7/15/38 - $1,622,152.35 1,406,000.00
UNITEDHEALTH GROUP INC 4.750 7/15/45 - $1,602,149.35 1,476,000.00
WILLIAMS PARTNERS LP 6.300 4/15/40 - $1,590,246.42 1,454,000.00
BANK OF AMERICA CORP 5.875 2/7/42 - $1,560,994.82 1,322,000.00
MERCK & CO INC 4.150 5/18/43 - $1,556,458.92 1,527,000.00
WELLS FARGO & COMPANY 4.100 6/3/26 - $1,534,072.32 1,540,000.00
DOW CHEMICAL CO 7.375 11/1/29 - $1,529,952.54 1,247,000.00
LLOYDS BANKING GROUP PLC 4.344 1/9/48 - $1,529,218.53 1,850,000.00
SHELL INTERNATIONAL FIN 3.750 9/12/46 - $1,524,936.96 1,603,000.00
VALERO ENERGY CORP 6.625 6/15/37 - $1,515,120.70 1,324,000.00
VIACOM INC 4.375 3/15/43 - $1,515,038.17 1,783,000.00
HP INC 6.000 9/15/41 - $1,505,342.35 1,467,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD 3.750 3/26/25 - $1,503,200.99 1,559,000.00
HESS CORP 5.600 2/15/41 - $1,499,215.58 1,615,000.00
FORD MOTOR CREDIT CO LLC 4.389 1/8/26 - $1,499,023.01 1,685,000.00
ANHEUSER-BUSCH INBEV WORLDWIDE INC 3.750 7/15/42 - $1,496,778.60 1,885,000.00
BANK OF AMERICA CORP 6.110 1/29/37 - $1,490,291.19 1,306,000.00
BHP BILLITON FINANCE USA LTD 5.000 9/30/43 - $1,480,880.09 1,316,000.00
SUNCOR ENERGY INC 6.500 6/15/38 - $1,467,136.14 1,230,000.00
AT&T INC 5.350 9/1/40 - $1,464,626.73 1,450,000.00
ANTHEM INC 4.650 1/15/43 - $1,464,004.55 1,520,000.00
CITIGROUP INC 4.400 6/10/25 - $1,447,687.42 1,445,000.00
JPMORGAN CHASE & CO 5.400 1/6/42 - $1,433,292.20 1,284,000.00
SOUTHERN COPPER CORP 5.250 11/8/42 - $1,430,781.97 1,462,000.00
JPMORGAN CHASE & CO 6.400 5/15/38 - $1,422,200.94 1,147,000.00
BANK OF AMERICA CORP 7.750 5/14/38 - $1,418,919.07 1,061,000.00
ALTRIA GROUP INC 5.375 1/31/44 - $1,395,921.15 1,500,000.00
VODAFONE GROUP PLC 4.375 5/30/28 - $1,395,300.60 1,412,000.00
BHP BILLITON FINANCE USA LTD 4.125 2/24/42 - $1,387,807.37 1,412,000.00
BP CAPITAL MARKETS PLC 3.506 3/17/25 - $1,375,283.11 1,394,000.00
GENERAL MOTORS CO 5.200 4/1/45 - $1,367,744.50 1,600,000.00
SUMITOMO MITSUI FINL GRP 2.632 7/14/26 - $1,343,841.05 1,454,000.00
STATE STREET CORP 3.550 8/18/25 - $1,342,469.92 1,340,000.00
HSBC HOLDINGS PLC 3.900 5/25/26 - $1,328,916.15 1,364,000.00
BANK OF AMERICA CORP 4.450 3/3/26 - $1,328,670.02 1,313,000.00
BANK OF AMERICA CORP 5.000 1/21/44 - $1,323,946.61 1,235,000.00
CITIGROUP INC 4.600 3/9/26 - $1,314,349.61 1,300,000.00
VERIZON COMMUNICATIONS 4.272 1/15/36 - $1,300,323.57 1,351,000.00
MORGAN STANLEY 4.000 7/23/25 - $1,295,718.07 1,294,000.00
APPLE INC 3.450 2/9/45 - $1,293,183.51 1,443,000.00
WELLS FARGO & COMPANY 3.550 9/29/25 - $1,271,517.68 1,293,000.00
MANULIFE FINANCIAL CORP 4.150 3/4/26 - $1,261,185.83 1,238,000.00
DUKE ENERGY FLORIDA INC 6.400 6/15/38 - $1,256,779.55 986,000.00
ORACLE CORP 6.125 7/8/39 - $1,251,328.05 1,027,000.00
MIZUHO FINANCIAL GROUP 3.170 9/11/27 - $1,248,821.93 1,321,000.00
ORACLE CORP 6.500 4/15/38 - $1,243,642.62 983,000.00
APPLE INC 3.850 5/4/43 - $1,229,723.92 1,275,000.00
VODAFONE GROUP PLC 6.150 2/27/37 - $1,226,493.57 1,136,000.00
NBCUNIVERSAL MEDIA LLC 4.450 1/15/43 - $1,220,975.73 1,232,000.00
UNITEDHEALTH GROUP INC 4.625 7/15/35 - $1,219,666.21 1,147,000.00
COMCAST CORP 4.250 1/15/33 - $1,215,332.03 1,202,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD 4.875 5/15/45 - $1,205,879.56 1,200,000.00
JEFFERIES GRP LLC / CAP 4.150 1/23/30 - $1,203,989.16 1,404,000.00
BANK OF AMERICA CORP 3.950 4/21/25 - $1,202,526.35 1,217,000.00
COMCAST CORP 6.500 11/15/35 - $1,192,245.05 977,000.00
BARCLAYS PLC 5.250 8/17/45 - $1,186,033.96 1,240,000.00
JPMORGAN CHASE & CO 5.600 7/15/41 - $1,179,503.38 1,033,000.00
CENOVUS ENERGY INC 6.750 11/15/39 - $1,178,531.45 1,135,000.00
SOUTHERN COPPER CORP 6.750 4/16/40 - $1,177,915.19 1,035,000.00
ANADARKO PETROLEUM CORP 6.450 9/15/36 - $1,166,557.34 1,050,000.00
WESTPAC BANKING CORP 3.350 3/8/27 - $1,159,608.12 1,204,000.00
EL PASO LLC 7.750 1/15/32 - $1,155,163.82 943,000.00
MICROSOFT CORP 5.300 2/8/41 - $1,148,116.57 960,000.00
ROYAL BANK OF SCOTLAND GROUP PLC 4.800 4/5/26 - $1,145,736.53 1,152,000.00
AMERICAN EXPRESS CO 4.050 12/3/42 - $1,142,212.26 1,189,000.00
PHILLIPS 66 5.875 5/1/42 - $1,132,981.14 1,004,000.00
MORGAN STANLEY 3.700 10/23/24 - $1,127,729.41 1,136,000.00
CANADIAN NATURAL RESOURCES LTD 6.250 3/15/38 - $1,127,182.93 1,002,000.00
AMERICA MOVIL SAB DE CV 6.375 3/1/35 - $1,122,007.98 938,000.00
VIACOM INC 6.875 4/30/36 - $1,113,089.95 991,000.00
METLIFE INC 4.875 11/13/43 - $1,107,281.91 1,052,000.00
ECOPETROL SA 4.125 1/16/25 - $1,087,370.00 1,121,000.00
COCA-COLA CO 2.250 9/1/26 - $1,072,180.56 1,168,000.00
INTL BUSINESS MACHINES CORP 4.000 6/20/42 - $1,041,869.68 1,138,000.00
FIFTH THIRD BANCORP 8.250 3/1/38 - $1,041,664.13 784,000.00
AT&T INC 5.550 8/15/41 - $1,031,695.66 1,020,000.00
ASCENSION HEALTH 3.945 11/15/46 - $1,028,760.80 1,059,000.00
NEXEN ENERGY ULC 6.400 5/15/37 - $1,022,319.24 833,000.00
BANK OF AMERICA CORP 4.000 1/22/25 - $1,018,665.50 1,025,000.00
COMCAST CORP 4.750 3/1/44 - $1,018,533.95 1,003,000.00
APPLE INC 4.450 5/6/44 - $1,007,300.02 960,000.00
HALLIBURTON CO 7.450 9/15/39 - $1,006,466.12 763,000.00
KINDER MORGAN ENERGY PARTNERS LP 6.950 1/15/38 - $999,968.69 862,000.00
SHELL INTL FINANCE BV 4.550 8/12/43 - $998,650.60 945,000.00
BANK OF AMERICA CORP 4.250 10/22/26 - $975,278.32 985,000.00
GENERAL ELECTRIC CO 5.875 1/14/38 - $974,012.78 1,000,000.00
VERIZON COMMUNICATIONS INC 4.522 9/15/48 - $971,821.33 1,000,000.00
VERIZON COMMUNICATIONS 5.012 4/15/49 - $968,536.06 940,000.00
LLOYDS BANKING GROUP PLC 3.750 1/11/27 - $967,595.47 1,030,000.00
UNITEDHEALTH GROUP INC 3.100 3/15/26 - $961,125.68 987,000.00
PFIZER INC 2.750 6/3/26 - $942,561.46 994,000.00
WELLS FARGO & COMPANY 4.750 12/7/46 - $942,169.89 943,000.00
AMERICA MOVIL SAB DE CV 4.375 7/16/42 - $931,804.53 944,000.00
WALT DISNEY COMPANY/THE 3.000 2/13/26 - $930,756.19 955,000.00
TELEFONICA EUROPE BV 8.250 9/15/30 - $925,736.46 723,000.00
MICROSOFT CORP 4.500 10/1/40 - $922,824.33 852,000.00
PNC BANK NA 4.050 7/26/28 - $891,133.43 884,000.00
STATE STREET CORP 3.300 12/16/24 - $879,317.69 891,000.00
FORD MOTOR CREDIT CO LLC 4.134 8/4/25 - $870,623.32 985,000.00
WAL MART STORES INC 5.250 9/1/35 - $868,617.29 750,000.00
VERIZON COMMUNICATIONS 2.625 8/15/26 - $853,967.97 931,000.00
TARGET CORP 2.500 4/15/26 - $850,399.21 904,000.00
JPMORGAN CHASE & CO 4.250 10/1/27 - $849,456.66 854,000.00
COOPERATIEVE CENTRALE RAIFFEISEN BOERENLEENBANK BA 5.250 5/24/41 - $835,180.16 750,000.00
NATIONAL AUSTRALIA BK/NY 2.500 7/12/26 - $823,533.32 902,000.00
JM SMUCKER CO 3.500 3/15/25 - $819,999.39 852,000.00
CITIGROUP INC 5.875 1/30/42 - $818,391.33 707,000.00
CITIGROUP INC 3.700 1/12/26 - $809,110.33 827,000.00
UNITEDHEALTH GROUP INC 6.875 2/15/38 - $808,801.15 612,000.00
WELLS FARGO & COMPANY 5.375 11/2/43 - $805,053.24 748,000.00
GENERAL ELECTRIC CAPITAL CORP 6.875 1/10/39 - $801,730.87 750,000.00
EMBRAER NETHERLANDS FINA 5.050 6/15/25 - $800,079.28 776,000.00
VERIZON COMMUNICATIONS 5.250 3/16/37 - $796,866.39 750,000.00
SUMITOMO MITSUI FINL GRP 3.446 1/11/27 - $788,973.80 811,000.00
JPMORGAN CHASE & CO 4.850 2/1/44 - $782,839.88 750,000.00
VODAFONE GROUP PLC 5.000 5/30/38 - $771,153.40 804,000.00
CITIGROUP INC 3.400 5/1/26 - $768,176.86 801,000.00
BANCO SANTANDER SA 4.379 4/12/28 - $767,891.68 804,000.00
UNITEDHEALTH GROUP INC 3.850 6/15/28 - $761,287.17 750,000.00
BAKER HUGHES INC 5.125 9/15/40 - $758,937.68 762,000.00
FORD MOTOR COMPANY 4.750 1/15/43 - $750,785.76 1,000,000.00
IBM CORP 3.450 2/19/26 - $747,991.93 762,000.00
RIO TINTO FINANCE (USA) LTD 5.200 11/2/40 - $744,383.21 662,000.00
CITIGROUP INC 3.875 3/26/25 - $743,609.56 763,000.00
GOLDMAN SACHS GROUP INC 5.150 5/22/45 - $741,087.10 750,000.00
LLOYDS BANKING GROUP PLC - - - $737,488.42 750,000.00
TIME WARNER ENTERTAINMENT 8.375 7/15/33 - $732,824.49 596,000.00
BANCO SANTANDER SA 3.800 2/23/28 - $732,799.53 800,000.00
CNOOC FINANCE (2015) USA LLC 3.500 5/5/25 - $732,033.00 750,000.00
HSBC HOLDINGS PLC - - - $727,656.08 725,000.00
TELEFONICA EMISIONES SAU 5.213 3/8/47 - $725,455.71 750,000.00
WALT DISNEY COMPANY/THE - - - $725,199.58 750,000.00
WELLS FARGO & COMPANY 4.400 6/14/46 - $708,201.61 750,000.00
VERIZON COMMUNICATIONS 4.125 8/15/46 - $678,905.43 745,000.00
LLOYDS BANKING GROUP PLC 4.650 3/24/26 - $676,830.21 701,000.00
FORD MOTOR CO 7.450 7/16/31 - $673,970.25 675,000.00
ASTRAZENECA PLC 4.000 9/18/42 - $662,110.24 741,000.00
ABBVIE INC 4.400 11/6/42 - $661,211.48 750,000.00
TRANSCANADA PIPELINES 7.625 1/15/39 - $655,952.06 500,000.00
BARCLAYS PLC 3.650 3/16/25 - $651,971.95 692,000.00
BARCLAYS PLC 4.950 1/10/47 - $648,703.74 700,000.00
WALT DISNEY COMPANY/THE - - - $607,406.21 600,000.00
GENERAL ELECTRIC CO 4.125 10/9/42 - $573,803.98 725,000.00
MIZUHO FINANCIAL GROUP INC 2.839 9/13/26 - $571,708.66 617,000.00
ASTRAZENECA PLC 4.375 11/16/45 - $564,945.97 600,000.00
TARGET CORP 3.625 4/15/46 - $531,782.96 600,000.00
GENERAL MOTORS CO 6.250 10/2/43 - $527,832.48 550,000.00
BANK OF AMERICA CORP 3.500 4/19/26 - $522,204.75 535,000.00
SHELL INTL FINANCE BV 5.500 3/25/40 - $518,811.97 440,000.00
BNP PARIBAS 4.250 10/15/24 - $513,575.80 521,000.00
MIZUHO FINANCIAL GROUP 4.018 3/5/28 - $503,377.50 502,000.00
MORGAN STANLEY 6.375 7/24/42 - $498,877.31 404,000.00
ANHEUSER-BUSCH INBEV WOR 4.950 1/15/42 - $494,851.67 528,000.00
WESTPAC BANKING CORP 2.700 8/19/26 - $482,782.01 523,000.00
NOVARTIS CAPITAL CORP 4.400 5/6/44 - $420,344.36 394,000.00
SUMITOMO MITSUI FINL GRP 3.010 10/19/26 - $378,250.15 401,000.00
MORGAN STANLEY 4.375 1/22/47 - $355,794.05 367,000.00
CITIGROUP INC 4.125 7/25/28 - $338,731.47 350,000.00
TARGET CORP 4.000 7/1/42 - $335,904.76 349,000.00
SHELL INTERNATIONAL FINANCE BV 4.125 5/11/35 - $332,642.81 327,000.00
WELLS FARGO & COMPANY 4.650 11/4/44 - $321,154.54 328,000.00
TRANSCANADA PIPELINES 6.200 10/15/37 - $313,721.14 277,000.00
CITIGROUP INC 5.500 9/13/25 - $308,888.97 292,000.00
BANCO SANTANDER SA 5.179 11/19/25 - $304,450.89 300,000.00
SUMITOMO MITSUI FINL GRP 3.364 7/12/27 - $296,577.87 308,000.00
UNITED TECHNOLOGIES CORP 4.500 6/1/42 - $268,715.43 275,000.00
LLOYDS BANKING GROUP PLC 4.450 5/8/25 - $265,883.29 266,000.00
COOPERATIEVE RABOBANK UA 3.375 5/21/25 - $256,521.96 260,000.00
COOPERATIEVE RABOBANK UA 4.375 8/4/25 - $248,692.75 250,000.00
PHILIP MORRIS INTL INC 4.250 11/10/44 - $247,243.17 275,000.00
TELEFONICA EMISIONES SAU 4.103 3/8/27 - $232,571.90 237,000.00
CNOOC FINANCE 2015 US - - - $231,000.98 225,000.00
PFIZER INC 4.125 12/15/46 - $229,392.84 225,000.00
UNILEVER CAPITAL CORP 5.900 11/15/32 - $207,650.63 171,000.00
HSBC HOLDING PLC 4.250 8/18/25 - $199,071.51 200,000.00
HSBC HOLDINGS PLC 4.375 11/23/26 - $198,859.86 200,000.00
WELLS FARGO BANK NA 6.600 1/15/38 - $196,171.50 157,000.00
COOPERATIEVE RABOBANK UA 3.750 7/21/26 - $172,326.28 183,000.00
MORGAN STANLEY 3.625 1/20/27 - $148,085.73 154,000.00
SHELL INTERNATIONAL FIN 2.875 5/10/26 - $147,536.63 153,000.00
GLAXOSMITHKLINE CAP INC 3.625 5/15/25 - $115,359.33 114,000.00
PFIZER INC 4.000 12/15/36 - $114,153.75 114,000.00
MORGAN STANLEY 3.125 7/27/26 - $111,478.24 119,000.00
APPLE INC 4.375 5/13/45 - $102,246.82 100,000.00
SHELL INTERNATIONAL FIN 2.500 9/12/26 - $100,432.25 107,000.00
AT&T INC 5.150 3/15/42 - $98,239.32 100,000.00
NET OTHER ASSETS / CASH - - - $13,153,165.89 13,153,165.89