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 6/17/19

Description Coupon Maturity Date Exposure Value
(Notional + G/L)
Market Value ($) Shares/Contracts
US ULTRA BOND FUTURE 09/19/2019 (WNU9) - - (27,299,375.00) - (155.00)
US 10 YR NOTE FUTURE 09/19/2019 (TYU9) - - (108,356,234.38) - (851.00)
US LONG FUTURE 09/19/2019 (USU9) - - (156,635,125.00) - (1,013.00)
GOLDMAN SACHS GROUP INC 6.750 10/1/37 - $4,547,362.40 3,560,000.00
PFIZER INC 7.200 3/15/39 - $4,537,003.96 3,047,000.00
BARCLAYS PLC 4.375 1/12/26 - $3,435,778.89 3,361,000.00
APPLE INC 3.200 5/13/25 - $3,158,358.53 3,055,000.00
MITSUBISHI UFJ FINANCIAL GROUP INC 3.850 3/1/26 - $2,930,261.91 2,777,000.00
GLAXOSMITHKLINE CAPITAL INC 6.375 5/15/38 - $2,861,699.55 2,107,000.00
MEDTRONIC INC 4.625 3/15/45 - $2,858,864.03 2,432,000.00
CONOCOPHILLIPS 6.500 2/1/39 - $2,740,773.99 2,009,000.00
TELEFONICA EMISIONES SAU 7.045 6/20/36 - $2,725,384.44 2,165,000.00
CITIGROUP INC 4.450 9/29/27 - $2,671,039.22 2,523,000.00
HOME DEPOT INC 5.875 12/16/36 - $2,582,023.31 1,982,000.00
UNITED TECHNOLOGIES CORP 5.700 4/15/40 - $2,542,253.19 2,047,000.00
GOLDMAN SACHS GROUP INC 6.250 2/1/41 - $2,361,778.77 1,810,000.00
VODAFONE GROUP PLC 5.250 5/30/48 - $2,292,991.89 2,190,000.00
RABOBANK INTERNATIONAL (UTRECHT BRANCH) 5.250 8/4/45 - $2,242,821.75 1,925,000.00
MEDTRONIC INC 3.500 3/15/25 - $2,184,875.80 2,081,000.00
ORACLE CORP 5.375 7/15/40 - $2,172,882.04 1,790,000.00
VERIZON COMMUNICATIONS 4.125 3/16/27 - $2,152,248.84 2,008,000.00
VERIZON COMMUNICATIONS INC 4.862 8/21/46 - $2,142,151.14 1,902,000.00
SUMITOMO MITSUI FINANCIAL GROUP INC 3.784 3/9/26 - $2,129,976.16 2,021,000.00
ING GROEP NV 3.950 3/29/27 - $2,113,938.41 2,039,000.00
CRED SUIS GP FUN LTD 4.550 4/17/26 - $2,093,657.07 1,955,000.00
GE CAPITAL INTL FUNDING 4.418 11/15/35 - $2,089,386.72 2,185,000.00
SHELL INTL FINANCE BV 4.375 5/11/45 - $2,046,810.32 1,842,000.00
HSBC HOLDINGS PLC 5.250 3/14/44 - $2,031,616.01 1,807,000.00
COOPERATIEVE RABOBANK UA 5.750 12/1/43 - $1,929,539.46 1,562,000.00
MORGAN STANLEY 4.300 1/27/45 - $1,916,220.88 1,808,000.00
AMERICA MOVIL SAB DE CV 6.125 3/30/40 - $1,898,214.50 1,486,000.00
GENERAL ELECTRIC CO 4.500 3/11/44 - $1,882,359.54 2,000,000.00
WESTPAC BANKING CORP 2.850 5/13/26 - $1,878,422.00 1,880,000.00
MORGAN STANLEY 3.875 1/27/26 - $1,872,913.00 1,785,000.00
HSBC BANK USA NA 5.875 11/1/34 - $1,868,164.71 1,496,000.00
WELLS FARGO & COMPANY 3.000 4/22/26 - $1,864,137.40 1,867,000.00
MORGAN STANLEY 5.000 11/24/25 - $1,852,639.66 1,693,000.00
JPMORGAN CHASE & CO 5.500 10/15/40 - $1,820,961.95 1,476,000.00
METLIFE INC 4.050 3/1/45 - $1,820,583.50 1,751,000.00
SHELL INTL FINANCE BV 3.250 5/11/25 - $1,819,933.47 1,761,000.00
GE CAPITAL INTL FUNDING 3.373 11/15/25 - $1,791,105.52 1,800,000.00
WELLS FARGO & COMPANY 3.000 10/23/26 - $1,788,073.43 1,796,000.00
BANCO SANTANDER SA 4.250 4/11/27 - $1,783,217.03 1,731,000.00
SHELL INTL FINANCE BV 6.375 12/15/38 - $1,755,674.76 1,291,000.00
MITSUBISHI UFJ FIN GRP 3.677 2/22/27 - $1,723,771.67 1,646,000.00
PFIZER INC 3.000 12/15/26 - $1,721,530.55 1,696,000.00
TELEFONICA EMISIONES SAU 4.895 3/6/48 - $1,715,465.04 1,700,000.00
BANK OF AMERICA CORP 5.875 2/7/42 - $1,710,108.97 1,322,000.00
VALE OVERSEAS LTD 6.875 11/10/39 - $1,708,052.50 1,463,000.00
UNITEDHEALTH GROUP INC 4.750 7/15/45 - $1,706,785.71 1,476,000.00
VERIZON COMMUNICATIONS 4.500 8/10/33 - $1,700,815.11 1,546,000.00
JPMORGAN CHASE & CO 4.950 6/1/45 - $1,682,038.32 1,459,000.00
FORD MOTOR CREDIT CO LLC 4.389 1/8/26 - $1,662,046.91 1,685,000.00
ECOPETROL SA 5.875 5/28/45 - $1,610,675.50 1,499,000.00
HSBC HOLDINGS PLC 6.500 5/2/36 - $1,595,893.31 1,266,000.00
AT&T INC 5.350 9/1/40 - $1,592,386.94 1,450,000.00
UNITED PARCEL SERVICE INC 6.200 1/15/38 - $1,560,000.52 1,164,000.00
BERKSHIRE HATHAWAY ENERG 6.125 4/1/36 - $1,541,524.22 1,186,000.00
SHELL INTL FINANCE BV 4.550 8/12/43 - $1,536,305.09 1,359,000.00
WAL-MART STORES INC 6.500 8/15/37 - $1,533,192.57 1,088,000.00
GENERAL ELECTRIC CAPITAL CORP 6.750 3/15/32 - $1,522,955.00 1,263,000.00
BHP BILLITON FINANCE USA LTD 4.125 2/24/42 - $1,515,979.09 1,412,000.00
LLOYDS BANKING GROUP PLC 4.344 1/9/48 - $1,514,087.97 1,600,000.00
HSBC HOLDINGS PLC 3.900 5/25/26 - $1,496,112.99 1,454,000.00
WELLS FARGO & COMPANY 4.100 6/3/26 - $1,493,361.00 1,428,000.00
VODAFONE GROUP PLC 4.375 5/30/28 - $1,489,294.31 1,412,000.00
VODAFONE GROUP PLC 6.150 2/27/37 - $1,479,506.23 1,280,000.00
ASTRAZENECA PLC 6.450 9/15/37 - $1,458,839.64 1,109,000.00
BANK OF AMERICA CORP 5.000 1/21/44 - $1,449,175.07 1,235,000.00
SUMITOMO MITSUI FINL GRP 2.632 7/14/26 - $1,426,189.05 1,454,000.00
VERIZON COMMUNICATIONS 4.272 1/15/36 - $1,419,028.73 1,351,000.00
COMCAST CORP 4.250 1/15/33 - $1,417,817.05 1,301,000.00
APPLE INC 3.850 5/4/43 - $1,412,977.36 1,374,000.00
VIACOM INC 4.375 3/15/43 - $1,394,053.33 1,475,000.00
CISCO SYSTEMS INC 5.900 2/15/39 - $1,392,694.78 1,039,000.00
VALE OVERSEAS LTD 6.250 8/10/26 - $1,381,980.00 1,240,000.00
APPLE INC 3.450 2/9/45 - $1,381,331.62 1,443,000.00
MORGAN STANLEY 4.000 7/23/25 - $1,366,290.88 1,294,000.00
COCA-COLA CO 2.875 10/27/25 - $1,363,277.69 1,325,000.00
FIRSTENERGY CORP 7.375 11/15/31 - $1,360,713.91 1,008,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD 4.875 5/15/45 - $1,358,382.06 1,200,000.00
CISCO SYSTEMS INC 5.500 1/15/40 - $1,358,303.46 1,056,000.00
ORACLE CORP 6.125 7/8/39 - $1,355,845.45 1,027,000.00
DUKE ENERGY FLORIDA INC 6.400 6/15/38 - $1,344,316.27 986,000.00
GLAXOSMITHKLINE CAPITAL INC 3.875 5/15/28 - $1,343,366.81 1,250,000.00
MIZUHO FINANCIAL GROUP 3.170 9/11/27 - $1,342,924.98 1,321,000.00
TIME WARNER CABLE INC 6.750 6/15/39 - $1,327,756.00 1,187,000.00
CITIGROUP INC 4.300 11/20/26 - $1,319,886.37 1,261,000.00
HCA INC 5.250 4/15/25 - $1,319,763.91 1,211,000.00
NBCUNIVERSAL MEDIA LLC 4.450 1/15/43 - $1,318,116.81 1,232,000.00
JPMORGAN CHASE & CO 5.600 7/15/41 - $1,303,341.59 1,033,000.00
INTL BUSINESS MACHINES CORP 4.000 6/20/42 - $1,302,324.94 1,312,000.00
BANK OF AMERICA CORP 7.750 5/14/38 - $1,300,475.40 902,000.00
HSBC HOLDINGS PLC 6.800 6/1/38 - $1,286,288.25 978,000.00
COMCAST CORP 4.650 7/15/42 - $1,283,429.34 1,160,000.00
DAIMLER FINANCE NORTH AMERICA LLC 8.500 1/18/31 - $1,279,406.07 868,000.00
ASTRAZENECA PLC 3.375 11/16/25 - $1,272,079.66 1,235,000.00
ANADARKO PETROLEUM CORP 6.450 9/15/36 - $1,268,651.49 1,050,000.00
WALT DISNEY COMPANY/THE 1.850 7/30/26 - $1,266,329.64 1,330,000.00
BANK OF AMERICA CORP 3.950 4/21/25 - $1,258,866.19 1,217,000.00
ANHEUSER-BUSCH INBEV WORLDWIDE INC 3.750 7/15/42 - $1,249,992.42 1,381,000.00
LLOYDS BANKING GROUP PLC 4.582 12/10/25 - $1,243,893.42 1,208,000.00
GENERAL MOTORS CO 5.200 4/1/45 - $1,239,889.20 1,353,000.00
MERCK & CO INC 4.150 5/18/43 - $1,239,700.03 1,128,000.00
WEYERHAEUSER CO 7.375 3/15/32 - $1,210,970.62 880,000.00
SOUTHERN COPPER CORP 5.250 11/8/42 - $1,196,820.29 1,126,000.00
AT&T INC 5.550 8/15/41 - $1,146,723.04 1,020,000.00
VALERO ENERGY CORP 6.625 6/15/37 - $1,114,629.62 918,000.00
BHP BILLITON FINANCE USA LTD 5.000 9/30/43 - $1,112,729.25 917,000.00
CITIGROUP INC 4.400 6/10/25 - $1,105,719.84 1,046,000.00
TIME WARNER CABLE INC 7.300 7/1/38 - $1,098,583.06 927,000.00
NEXEN ENERGY ULC 6.400 5/15/37 - $1,098,256.36 833,000.00
PHILLIPS 66 5.875 5/1/42 - $1,085,541.42 892,000.00
ALTRIA GROUP INC 5.375 1/31/44 - $1,075,144.04 1,044,000.00
KINDER MORGAN ENERGY PARTNERS LP 6.950 1/15/38 - $1,073,533.18 862,000.00
CONOCOPHILLIPS HLDG CO 6.950 4/15/29 - $1,068,961.65 814,000.00
BANK OF AMERICA CORP 4.250 10/22/26 - $1,034,221.83 985,000.00
BP CAPITAL MARKETS PLC 3.506 3/17/25 - $1,033,989.78 993,000.00
FORD MOTOR CO 7.450 7/16/31 - $1,026,951.62 897,000.00
JPMORGAN CHASE & CO 5.625 8/16/43 - $1,025,628.07 833,000.00
LLOYDS BANKING GROUP PLC 3.750 1/11/27 - $1,025,568.58 1,030,000.00
CNOOC FINANCE (2015) USA LLC 3.500 5/5/25 - $1,023,415.00 1,000,000.00
WILLIAMS PARTNERS LP 6.300 4/15/40 - $1,019,362.70 865,000.00
CATERPILLAR INC 3.803 8/15/42 - $1,011,080.95 978,000.00
UNITEDHEALTH GROUP INC 3.100 3/15/26 - $1,007,660.15 987,000.00
TELEFONICA EUROPE BV 8.250 9/15/30 - $1,003,101.67 723,000.00
PFIZER INC 2.750 6/3/26 - $997,773.73 994,000.00
MICROSOFT CORP 4.500 10/1/40 - $994,710.35 852,000.00
KRAFT HEINZ FOODS CO 5.000 6/4/42 - $994,624.16 1,011,000.00
AMERICA MOVIL SAB DE CV 4.375 7/16/42 - $994,226.01 944,000.00
STATE STREET CORP 3.550 8/18/25 - $980,689.31 934,000.00
CITIGROUP INC 3.700 1/12/26 - $960,759.45 926,000.00
UNITEDHEALTH GROUP INC 4.625 7/15/35 - $947,164.65 839,000.00
GOLDMAN SACHS GROUP INC 4.250 10/21/25 - $936,691.28 896,000.00
HP INC 6.000 9/15/41 - $929,616.94 865,000.00
SUNCOR ENERGY INC 6.500 6/15/38 - $924,313.08 716,000.00
JPMORGAN CHASE & CO 5.400 1/6/42 - $920,194.92 748,000.00
WAL MART STORES INC 5.250 9/1/35 - $919,399.58 737,000.00
GENERAL ELECTRIC CAPITAL CORP 6.875 1/10/39 - $918,786.81 750,000.00
CENOVUS ENERGY INC 6.750 11/15/39 - $915,202.53 831,000.00
CITIGROUP INC 5.875 1/30/42 - $911,724.17 707,000.00
COMCAST CORP 4.750 3/1/44 - $905,231.33 803,000.00
TARGET CORP 2.500 4/15/26 - $899,482.96 904,000.00
MICROSOFT CORP 5.300 2/8/41 - $888,429.53 694,000.00
NATIONAL AUSTRALIA BK/NY 2.500 7/12/26 - $880,523.17 902,000.00
BERKSHIRE HATHAWAY INC 4.500 2/11/43 - $877,363.82 780,000.00
VERIZON COMMUNICATIONS 5.250 3/16/37 - $876,871.34 750,000.00
WYETH LLC 5.950 4/1/37 - $876,264.37 677,000.00
ROYAL BANK OF SCOTLAND GROUP PLC 4.800 4/5/26 - $876,131.93 829,000.00
JM SMUCKER CO 3.500 3/15/25 - $875,572.43 852,000.00
JPMORGAN CHASE & CO 4.850 2/1/44 - $869,968.50 750,000.00
UNITEDHEALTH GROUP INC 6.875 2/15/38 - $868,021.81 612,000.00
WELLS FARGO & COMPANY 5.375 11/2/43 - $867,459.20 748,000.00
AXA SA 8.600 12/15/30 - $856,240.00 616,000.00
MORGAN STANLEY 4.350 9/8/26 - $854,982.24 809,000.00
NOVARTIS CAPITAL CORP 4.400 5/6/44 - $846,768.67 743,000.00
FORD MOTOR COMPANY 4.750 1/15/43 - $846,724.29 1,000,000.00
SUMITOMO MITSUI FINL GRP 3.446 1/11/27 - $836,447.61 811,000.00
EMBRAER NETHERLANDS FINA 5.050 6/15/25 - $829,357.76 776,000.00
PNC BANK NA 4.050 7/26/28 - $828,591.10 772,000.00
VODAFONE GROUP PLC 5.000 5/30/38 - $825,905.70 804,000.00
GOLDMAN SACHS GROUP INC 5.150 5/22/45 - $821,978.14 750,000.00
HALLIBURTON CO 7.450 9/15/39 - $816,547.82 611,000.00
CITIGROUP INC 3.400 5/1/26 - $813,623.62 801,000.00
FIFTH THIRD BANCORP 8.250 3/1/38 - $811,099.44 556,000.00
BAKER HUGHES INC 5.125 9/15/40 - $810,882.81 762,000.00
UNITEDHEALTH GROUP INC 3.750 7/15/25 - $801,391.64 758,000.00
UNITEDHEALTH GROUP INC 3.850 6/15/28 - $800,756.78 750,000.00
RIO TINTO FINANCE (USA) LTD 5.200 11/2/40 - $798,986.59 662,000.00
UNITED TECHNOLOGIES CORP 6.125 7/15/38 - $793,376.53 616,000.00
HESS CORP 5.600 2/15/41 - $788,160.41 785,000.00
LLOYDS BANKING GROUP PLC 4.550 8/16/28 - $787,310.43 750,000.00
TIME WARNER ENTERTAINMENT 8.375 7/15/33 - $786,740.47 596,000.00
TELEFONICA EMISIONES SAU 5.213 3/8/47 - $784,370.22 750,000.00
VODAFONE GROUP PLC 4.125 5/30/25 - $783,957.35 751,000.00
CREDIT SUISSE GROUP FUNDING (GUERNSEY) LTD 3.750 3/26/25 - $782,673.66 759,000.00
BANK OF AMERICA CORP 6.110 1/29/37 - $777,036.40 626,000.00
SOUTHERN COPPER CORP 6.750 4/16/40 - $776,480.47 635,000.00
WELLS FARGO & COMPANY 4.400 6/14/46 - $774,362.18 750,000.00
EL PASO LLC 7.750 1/15/32 - $773,803.49 577,000.00
LOCKHEED MARTIN CORP 4.070 12/15/42 - $769,698.64 719,000.00
THE WALT DISNEY COMPANY 2.950 6/15/27 - $768,461.07 750,000.00
DOW CHEMICAL CO 7.375 11/1/29 - $763,384.96 589,000.00
VERIZON COMMUNICATIONS 4.125 8/15/46 - $755,691.14 745,000.00
COCA-COLA CO 2.250 9/1/26 - $748,810.34 768,000.00
WELLS FARGO & CO 3.000 2/19/25 - $746,309.15 744,000.00
ASTRAZENECA PLC 4.000 9/18/42 - $746,204.45 741,000.00
ASCENSION HEALTH 3.945 11/15/46 - $744,351.03 698,000.00
JPMORGAN CHASE & CO 6.400 5/15/38 - $737,207.27 550,000.00
LLOYDS BANKING GROUP PLC 4.650 3/24/26 - $722,612.38 701,000.00
ABBVIE INC 4.400 11/6/42 - $721,383.65 750,000.00
CANADIAN NATURAL RESOURCES LTD 6.250 3/15/38 - $712,727.98 596,000.00
ANTHEM INC 4.650 1/15/43 - $707,733.85 674,000.00
AMERICAN EXPRESS CO 4.050 12/3/42 - $703,648.77 657,000.00
TRANSCANADA PIPELINES 7.625 1/15/39 - $702,751.03 500,000.00
APPLE INC 2.500 2/9/25 - $690,914.40 693,000.00
VALE OVERSEAS LTD 6.875 11/21/36 - $689,385.50 590,000.00
BARCLAYS PLC 3.650 3/16/25 - $686,097.24 692,000.00
MEDTRONIC INC 4.375 3/15/35 - $666,711.99 592,000.00
SOUTHERN COPPER CORP 5.875 4/23/45 - $666,697.50 581,000.00
VERIZON COMMUNICATIONS 2.625 8/15/26 - $657,523.92 671,000.00
GENERAL ELECTRIC CO 4.125 10/9/42 - $647,508.80 725,000.00
ASTRAZENECA PLC 4.375 11/16/45 - $641,906.89 600,000.00
MIZUHO FINANCIAL GROUP INC 2.839 9/13/26 - $613,910.33 617,000.00
SHELL INTERNATIONAL FIN 4.000 5/10/46 - $606,040.46 575,000.00
JEFFERIES GRP LLC / CAP 4.150 1/23/30 - $605,153.98 643,000.00
BANCO SANTANDER SA 4.379 4/12/28 - $598,374.67 576,000.00
TARGET CORP 3.625 4/15/46 - $591,077.74 600,000.00
MANULIFE FINANCIAL CORP 4.150 3/4/26 - $590,702.43 552,000.00
PHILIP MORRIS INTL INC 4.250 11/10/44 - $582,866.16 575,000.00
BANCO SANTANDER SA 3.800 2/23/28 - $571,761.17 572,000.00
FORD MOTOR CREDIT CO LLC 4.134 8/4/25 - $557,632.35 567,000.00
ORACLE CORP 6.500 4/15/38 - $557,412.96 407,000.00
BANK OF AMERICA CORP 3.500 4/19/26 - $550,325.72 535,000.00
SHELL INTL FINANCE BV 5.500 3/25/40 - $548,293.90 440,000.00
BANK OF AMERICA CORP 4.450 3/3/26 - $544,331.17 513,000.00
MIZUHO FINANCIAL GROUP 4.018 3/5/28 - $544,310.05 502,000.00
GENERAL MOTORS CO 6.250 10/2/43 - $522,173.20 507,000.00
WESTPAC BANKING CORP 2.700 8/19/26 - $517,386.02 523,000.00
US12634MAE03 4.375 5/2/28 - $512,201.05 475,000.00
WELLS FARGO & COMPANY 3.550 9/29/25 - $507,637.14 493,000.00
WALT DISNEY COMPANY/THE 3.000 2/13/26 - $455,383.48 444,000.00
COOPERATIEVE CENTRALE RAIFFEISEN BOERENLEENBANK BA 5.250 5/24/41 - $439,762.28 350,000.00
SUMITOMO MITSUI FINL GRP 3.010 10/19/26 - $403,204.02 401,000.00
PHILIP MORRIS INTL INC 6.375 5/16/38 - $387,675.49 300,000.00
METLIFE INC 4.875 11/13/43 - $383,001.37 330,000.00
JPMORGAN CHASE & CO 4.250 10/1/27 - $376,804.40 354,000.00
TARGET CORP 4.000 7/1/42 - $366,042.46 349,000.00
ANHEUSER-BUSCH INBEV WOR 4.950 1/15/42 - $357,740.57 338,000.00
APPLE INC 4.450 5/6/44 - $353,841.43 320,000.00
WELLS FARGO & COMPANY 4.650 11/4/44 - $349,684.33 328,000.00
TRANSCANADA PIPELINES 6.200 10/15/37 - $337,572.72 277,000.00
CITIGROUP INC 5.500 9/13/25 - $326,127.09 292,000.00
MITSUBISHI UFJ FIN GRP 4.050 9/11/28 - $326,074.80 300,000.00
MITSUBISHI UFJ FIN GRP 3.961 3/2/28 - $323,216.44 300,000.00
BANCO SANTANDER SA 5.179 11/19/25 - $322,280.11 300,000.00
THE WALT DISNEY COMPANY 4.125 6/1/44 - $321,441.81 292,000.00
CITIGROUP INC 4.600 3/9/26 - $319,623.00 300,000.00
MITSUBISHI UFJ FIN GRP 3.741 3/7/29 - $317,636.72 300,000.00
SUMITOMO MITSUI FINL GRP 3.364 7/12/27 - $317,601.29 308,000.00
MORGAN STANLEY 6.375 7/24/42 - $312,646.63 230,000.00
COMCAST CORP 6.500 11/15/35 - $312,008.39 236,000.00
MITSUBISHI UFJ FIN GRP 3.287 7/25/27 - $307,399.01 300,000.00
UNITED TECHNOLOGIES CORP 4.500 6/1/42 - $300,765.24 275,000.00
MITSUBISHI UFJ FIN GRP 2.757 9/13/26 - $296,516.70 300,000.00
IBM CORP 3.450 2/19/26 - $296,376.99 287,000.00
LLOYDS BANKING GROUP PLC 4.450 5/8/25 - $279,669.37 266,000.00
BANK OF AMERICA CORP 4.000 1/22/25 - $274,892.13 265,000.00
STATE STREET CORP 3.300 12/16/24 - $270,101.70 261,000.00
TELEFONICA EMISIONES SAU 4.103 3/8/27 - $247,266.41 237,000.00
PFIZER INC 4.125 12/15/46 - $245,719.32 229,000.00
GENERAL ELECTRIC CO 5.875 1/14/38 - $232,220.49 210,000.00
ECOPETROL SA 4.125 1/16/25 - $222,696.25 217,000.00
UNILEVER CAPITAL CORP 5.900 11/15/32 - $222,585.03 171,000.00
WELLS FARGO & COMPANY 4.750 12/7/46 - $221,780.12 204,000.00
WELLS FARGO BANK NA 6.600 1/15/38 - $213,610.97 157,000.00
HSBC HOLDINGS PLC 4.375 11/23/26 - $207,936.57 200,000.00
COOPERATIEVE RABOBANK UA 3.750 7/21/26 - $184,809.54 183,000.00
VIACOM INC 6.875 4/30/36 - $167,724.97 137,000.00
COOPERATIEVE RABOBANK UA 4.375 8/4/25 - $164,149.83 156,000.00
MORGAN STANLEY 3.625 1/20/27 - $158,918.61 154,000.00
SHELL INTERNATIONAL FIN 2.875 5/10/26 - $154,415.41 153,000.00
BARCLAYS PLC 5.250 8/17/45 - $148,657.60 140,000.00
VERIZON COMMUNICATIONS INC 4.522 9/15/48 - $134,898.21 125,000.00
BARCLAYS PLC 4.950 1/10/47 - $133,487.36 130,000.00
COOPERATIEVE RABOBANK UA 3.375 5/21/25 - $132,553.99 127,000.00
VERIZON COMMUNICATIONS 5.012 4/15/49 - $132,001.45 115,000.00
HSBC HOLDING PLC 4.250 8/18/25 - $129,480.08 124,000.00
MORGAN STANLEY 4.375 1/22/47 - $129,115.18 120,000.00
CITIGROUP INC 3.875 3/26/25 - $123,695.04 120,000.00
HSBC HOLDINGS PLC 4.300 3/8/26 - $123,508.76 117,000.00
PFIZER INC 4.000 12/15/36 - $120,953.67 114,000.00
MORGAN STANLEY 3.125 7/27/26 - $119,388.37 119,000.00
SHELL INTERNATIONAL FIN 3.750 9/12/46 - $117,477.07 115,000.00
APPLE INC 4.375 5/13/45 - $110,036.15 100,000.00
AT&T INC 5.150 3/15/42 - $106,382.78 100,000.00
SHELL INTERNATIONAL FIN 2.500 9/12/26 - $104,853.69 107,000.00
NET OTHER ASSETS / CASH - - - $6,905,240.97 6,905,240.97