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Bonds, notes & other debt instruments 93.79% Corporate bonds & notes 84.15% Health care 14.35% | Principal amount (000) | Value (000) |
Abbott Laboratories 3.40% 2023 | $1,556 | $1,664 |
Abbott Laboratories 3.75% 2026 | 1,241 | 1,401 |
AbbVie Inc. 2.50% 2020 | 100 | 100 |
AbbVie Inc. 2.30% 2021 | 80 | 80 |
AbbVie Inc. 2.85% 2023 | 600 | 619 |
AbbVie Inc. 2.60% 20241 | 331 | 342 |
AbbVie Inc. 2.95% 20261 | 3,175 | 3,331 |
AbbVie Inc. 3.20% 20291 | 3,330 | 3,519 |
AbbVie Inc. 4.05% 20391 | 224 | 248 |
AbbVie Inc. 4.45% 2046 | 310 | 358 |
AbbVie Inc. 4.875% 2048 | 900 | 1,109 |
AbbVie Inc. 4.25% 20491 | 3,768 | 4,266 |
Allergan PLC 3.00% 2020 | 300 | 300 |
Allergan PLC 3.45% 2022 | 3,584 | 3,714 |
Allergan PLC 3.80% 2025 | 324 | 354 |
Allergan PLC 4.75% 2045 | 350 | 427 |
Amgen Inc. 2.45% 2030 | 2,000 | 2,036 |
Amgen Inc. 3.15% 2040 | 278 | 287 |
Amgen Inc. 3.375% 2050 | 1,599 | 1,635 |
Anthem, Inc. 2.375% 2025 | 400 | 410 |
Anthem, Inc. 2.875% 2029 | 725 | 747 |
AstraZeneca PLC 2.375% 2022 | 1,000 | 1,022 |
AstraZeneca PLC 3.375% 2025 | 1,740 | 1,907 |
AstraZeneca PLC 4.00% 2029 | 1,102 | 1,266 |
Bayer US Finance II LLC 4.25% 20251 | 450 | 504 |
Bayer US Finance II LLC 4.375% 20281 | 1,600 | 1,822 |
Becton, Dickinson and Co. 2.894% 2022 | 5,010 | 5,145 |
Becton, Dickinson and Co. 3.363% 2024 | 1,150 | 1,224 |
Becton, Dickinson and Co. 3.70% 2027 | 8,561 | 9,462 |
Boston Scientific Corp. 3.375% 2022 | 400 | 414 |
Boston Scientific Corp. 3.45% 2024 | 300 | 320 |
Boston Scientific Corp. 3.75% 2026 | 470 | 517 |
Boston Scientific Corp. 4.70% 2049 | 415 | 542 |
Bristol-Myers Squibb Co. 2.60% 20221 | 378 | 388 |
Bristol-Myers Squibb Co. 2.90% 20241 | 2,935 | 3,095 |
Bristol-Myers Squibb Co. 3.875% 20251 | 819 | 908 |
Bristol-Myers Squibb Co. 3.20% 20261 | 251 | 274 |
Bristol-Myers Squibb Co. 3.40% 20291 | 5,376 | 6,027 |
Bristol-Myers Squibb Co. 4.25% 20491 | 950 | 1,224 |
Centene Corp. 4.625% 20291 | 2,470 | 2,648 |
Centene Corp. 3.375% 20301 | 1,963 | 1,965 |
Cigna Corp. 3.75% 2023 | 400 | 426 |
Cigna Corp. 4.375% 2028 | 1,110 | 1,264 |
Cigna Corp. 4.90% 2048 | 810 | 1,007 |
CVS Health Corp. 3.35% 2021 | 181 | 184 |
CVS Health Corp. 4.30% 2028 | 732 | 820 |
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Health care (continued) | Principal amount (000) | Value (000) |
CVS Health Corp. 5.05% 2048 | $68 | $84 |
Eli Lilly and Co. 2.35% 2022 | 4,530 | 4,633 |
Eli Lilly and Co. 2.75% 2025 | 438 | 469 |
Eli Lilly and Co. 3.375% 2029 | 1,126 | 1,265 |
EMD Finance LLC 3.25% 20251 | 2,200 | 2,364 |
GlaxoSmithKline PLC 3.125% 2021 | 2,440 | 2,497 |
GlaxoSmithKline PLC 2.875% 2022 | 1,514 | 1,559 |
GlaxoSmithKline PLC 3.375% 2023 | 475 | 503 |
GlaxoSmithKline PLC 3.00% 2024 | 1,115 | 1,182 |
GlaxoSmithKline PLC 3.625% 2025 | 1,419 | 1,565 |
GlaxoSmithKline PLC 3.875% 2028 | 211 | 241 |
GlaxoSmithKline PLC 3.375% 2029 | 425 | 474 |
HCA Inc. 4.125% 2029 | 1,000 | 1,101 |
Medtronic, Inc. 3.50% 2025 | 89 | 98 |
Merck & Co., Inc. 2.90% 2024 | 1,688 | 1,786 |
Merck & Co., Inc. 2.75% 2025 | 899 | 953 |
Merck & Co., Inc. 3.40% 2029 | 940 | 1,054 |
Novartis Capital Corp. 2.40% 2022 | 2,000 | 2,059 |
Novartis Capital Corp. 1.75% 2025 | 3,478 | 3,540 |
Novartis Capital Corp. 2.00% 2027 | 2,340 | 2,394 |
Novartis Capital Corp. 2.20% 2030 | 1,600 | 1,648 |
Partners HealthCare System, Inc 3.192% 2049 | 1,000 | 1,061 |
Pfizer Inc. 3.00% 2021 | 657 | 674 |
Pfizer Inc. 2.80% 2022 | 459 | 473 |
Pfizer Inc. 3.20% 2023 | 2,407 | 2,562 |
Pfizer Inc. 2.95% 2024 | 2,000 | 2,123 |
Pfizer Inc. 2.75% 2026 | 191 | 204 |
Pfizer Inc. 3.45% 2029 | 414 | 465 |
Pfizer Inc. 4.00% 2049 | 120 | 150 |
Shire PLC 2.40% 2021 | 831 | 842 |
Shire PLC 2.875% 2023 | 605 | 628 |
Shire PLC 3.20% 2026 | 3,814 | 4,094 |
Takeda Pharmaceutical Co., Ltd. 4.40% 2023 | 9,795 | 10,767 |
Takeda Pharmaceutical Co., Ltd. 5.00% 2028 | 3,473 | 4,231 |
Teva Pharmaceutical Finance Co. BV 2.80% 2023 | 5,365 | 4,978 |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 615 | 538 |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 1,650 | 1,287 |
UnitedHealth Group Inc. 2.125% 2021 | 100 | 101 |
UnitedHealth Group Inc. 2.375% 2024 | 1,055 | 1,090 |
UnitedHealth Group Inc. 3.50% 2024 | 845 | 905 |
UnitedHealth Group Inc. 3.75% 2025 | 400 | 444 |
UnitedHealth Group Inc. 2.875% 2029 | 1,155 | 1,231 |
UnitedHealth Group Inc. 4.45% 2048 | 1,220 | 1,530 |
UnitedHealth Group Inc. 3.70% 2049 | 480 | 540 |
WellPoint, Inc. 3.125% 2022 | 1,575 | 1,627 |
Zimmer Holdings, Inc. 3.15% 2022 | 400 | 412 |
145,748 | ||
Financials 13.62% | ||
ACE INA Holdings Inc. 2.30% 2020 | 200 | 201 |
ACE INA Holdings Inc. 2.875% 2022 | 1,205 | 1,253 |
ACE INA Holdings Inc. 3.35% 2026 | 775 | 856 |
Allstate Corp. 3.85% 2049 | 1,000 | 1,186 |
American International Group, Inc. 3.90% 2026 | 300 | 332 |
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Financials (continued) | Principal amount (000) | Value (000) |
American International Group, Inc. 4.80% 2045 | $100 | $126 |
AON Corp. 2.20% 2022 | 2,696 | 2,760 |
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR + 0.78% on 3/5/2023)2 | 1,263 | 1,331 |
Bank of America Corp. 3.458% 2025 (3-month USD-LIBOR + 0.97% on 3/15/2024)2 | 2,760 | 2,941 |
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027)2 | 737 | 797 |
Bank of America Corp. 2.496% 2031 (3-month USD-LIBOR + 0.99% on 2/13/2030)2 | 6,345 | 6,451 |
Bank of Montreal 2.50% 2024 | 2,400 | 2,492 |
Barclays Bank PLC 4.95% 2047 | 600 | 731 |
Berkshire Hathaway Finance Corp. 4.20% 2048 | 1,550 | 1,922 |
Berkshire Hathaway Finance Corp. 4.25% 2049 | 300 | 376 |
Berkshire Hathaway Inc. 3.125% 2026 | 1,350 | 1,464 |
Berkshire Hathaway Inc. 4.50% 2043 | 125 | 160 |
Citigroup Inc. 2.312% 2022 (USD-SOFR + 0.867% on 11/4/2021)2 | 2,000 | 2,018 |
Citigroup Inc. 4.044% 2024 (3-month USD-LIBOR + 1.023% on 6/1/2023)2 | 750 | 802 |
Citigroup Inc. 3.352% 2025 (3-month USD-LIBOR + 0.897% on 4/24/2024)2 | 1,000 | 1,059 |
Citigroup Inc. 2.976% 2030 (USD-SOFR + 1.422% on 11/5/2029)2 | 1,379 | 1,452 |
Citigroup Inc. 2.666% 2031 (USD-SOFR + 1.146% on 1/29/2030)2 | 700 | 719 |
Commonwealth Bank of Australia, 3.61% (UST Yield Curve Rate T Note Constant Maturity 5 Year + 2.05% on 9/12/2034)1,2 | 1,125 | 1,197 |
Cooperatieve Rabobank UA 2.625% 20241 | 1,200 | 1,251 |
Crédit Agricole SA 3.25% 20241 | 600 | 640 |
Crédit Agricole SA 4.375% 20251 | 480 | 525 |
Credit Suisse Group AG 2.997% 2023 (3-month USD-LIBOR + 1.20% on 12/14/2022)1,2 | 650 | 670 |
Credit Suisse Group AG 3.80% 2023 | 425 | 452 |
Credit Suisse Group AG 2.593% 2025 (USD-SOFR + 1.56% on 9/11/2024)1,2 | 1,000 | 1,022 |
Credit Suisse Group AG 4.55% 2026 | 500 | 564 |
Credit Suisse Group AG 3.869% 2029 (3-month USD-LIBOR + 1.41% on 1/12/2028)1,2 | 500 | 544 |
Danske Bank AS 2.70% 20221 | 200 | 204 |
Deutsche Bank AG (3-month USD-LIBOR + 0.97%) 2.818% 20203 | 850 | 851 |
Ford Motor Credit Co. 5.584% 2024 | 425 | 455 |
Ford Motor Credit Co. 4.542% 2026 | 409 | 420 |
Goldman Sachs Group, Inc. 5.375% 2020 | 1,650 | 1,652 |
Goldman Sachs Group, Inc. 5.25% 2021 | 4,755 | 4,992 |
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022)2 | 500 | 514 |
Goldman Sachs Group, Inc. (3-month USD-LIBOR + 1.17%) 2.862% 20263 | 425 | 431 |
Goldman Sachs Group, Inc. 2.60% 2030 | 750 | 764 |
Groupe BPCE SA 5.70% 20231 | 200 | 224 |
Groupe BPCE SA 5.15% 20241 | 620 | 685 |
Guardian Life Global Funding 2.90% 20241 | 265 | 281 |
Hartford Financial Services Group, Inc. 2.80% 2029 | 2,270 | 2,375 |
Hartford Financial Services Group, Inc. 3.60% 2049 | 300 | 331 |
HSBC Holdings PLC 2.633% 2025 (3-month USD-LIBOR + 1.14% on 11/7/2024)2 | 3,070 | 3,138 |
HSBC Holdings PLC 3.973% 2030 (3-month USD-LIBOR + 1.61% on 5/22/2029)2 | 4,995 | 5,480 |
Intesa Sanpaolo SpA 3.25% 20241 | 700 | 729 |
JPMorgan Chase & Co. 2.301% 2025 (USD-SOFR + 1.160% on 10/15/2024)2 | 4,300 | 4,402 |
JPMorgan Chase & Co. 2.739% 2030 (USD-SOFR + 1.510% on 10/15/2029)2 | 2,827 | 2,948 |
Lloyds Banking Group PLC 4.375% 2028 | 590 | 661 |
Marsh & McLennan Cos., Inc. 4.375% 2029 | 480 | 560 |
MetLife, Inc. 4.60% 2046 | 100 | 129 |
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Financials (continued) | Principal amount (000) | Value (000) |
Metropolitan Life Global Funding I 2.00% 20201 | $150 | $150 |
Metropolitan Life Global Funding I 2.50% 20201 | 150 | 151 |
Metropolitan Life Global Funding I 1.95% 20211 | 850 | 859 |
Metropolitan Life Global Funding I 2.40% 20211 | 1,200 | 1,210 |
Metropolitan Life Global Funding I 3.45% 20211 | 150 | 155 |
Metropolitan Life Global Funding I 2.40% 20221 | 480 | 493 |
Metropolitan Life Global Funding I 1.95% 20231 | 3,200 | 3,247 |
Metropolitan Life Global Funding I 3.60% 20241 | 400 | 432 |
Metropolitan Life Global Funding I 3.45% 20261 | 150 | 166 |
Metropolitan Life Global Funding I 3.00% 20271 | 200 | 215 |
Metropolitan Life Global Funding I 3.05% 20291 | 750 | 824 |
Mitsubishi UFJ Financial Group, Inc. 3.195% 2029 | 2,190 | 2,349 |
Morgan Stanley 5.75% 2021 | 3,950 | 4,092 |
Morgan Stanley 3.737% 2024 (3-month USD-LIBOR + 0.847% on 4/24/2023)2 | 2,500 | 2,656 |
Morgan Stanley 2.72% 2025 (USD-SOFR + 1.152% on 7/22/2024)2 | 1,000 | 1,036 |
Morgan Stanley 2.699% 2031 (USD-SOFR + 1.143% on 1/22/2030)2 | 1,000 | 1,033 |
Nationwide Building Society 4.125% 2032 (5-year USD ICE Swap + 1.849% on 10/18/2027)1,2 | 500 | 530 |
New York Life Global Funding 1.70% 20211 | 900 | 904 |
New York Life Global Funding 2.00% 20211 | 800 | 807 |
New York Life Global Funding 2.30% 20221 | 1,150 | 1,174 |
New York Life Global Funding 3.00% 20281 | 200 | 220 |
Nuveen, LLC 4.00% 20281 | 220 | 258 |
PNC Financial Services Group, Inc. 2.20% 2024 | 1,000 | 1,030 |
PNC Financial Services Group, Inc. 2.55% 2030 | 1,000 | 1,033 |
Principal Financial Group, Inc. 4.111% 20281 | 250 | 282 |
Progressive Corp. 4.00% 2029 | 250 | 295 |
Prudential Financial, Inc. 3.905% 2047 | 350 | 397 |
Prudential Financial, Inc. 4.35% 2050 | 250 | 292 |
Prudential Financial, Inc. 3.70% 2051 | 975 | 1,033 |
Prudential Financial, Inc., junior subordinated, 5.70% 2048 (3-month USD-LIBOR + 2.665% on 9/15/2028)2 | 500 | 566 |
Rabobank Nederland 4.375% 2025 | 500 | 556 |
Royal Bank of Canada 3.20% 2021 | 2,000 | 2,043 |
Royal Bank of Canada 1.95% 2023 | 4,510 | 4,578 |
Royal Bank of Canada 2.25% 2024 | 2,750 | 2,817 |
Royal Bank of Scotland PLC 4.445% 2030 (3-month USD-LIBOR + 1.871% on 5/5/2029)2 | 1,250 | 1,428 |
Toronto-Dominion Bank 2.65% 2024 | 1,800 | 1,892 |
Travelers Cos., Inc. 4.00% 2047 | 105 | 130 |
Travelers Cos., Inc. 4.05% 2048 | 100 | 124 |
Travelers Cos., Inc. 4.10% 2049 | 380 | 490 |
U.S. Bancorp 2.40% 2024 | 1,800 | 1,872 |
U.S. Bank NA 3.00% 2021 | 2,000 | 2,025 |
UBS Group AG 3.126% 2030 (3-month USD-LIBOR + 1.468% on 8/13/2029)1,2 | 775 | 822 |
UniCredit SpA 5.861% 2032 (5-year USD-ICE Swap + 3.703% on 6/19/2027)1,2 | 1,510 | 1,597 |
US Bancorp 2.05% 2020 | 1,650 | 1,655 |
US Bancorp 1.80% 2022 | 4,000 | 4,034 |
Wells Fargo & Co. 2.406% 2025 (3-month USD-LIBOR + 0.82% on 10/30/2024)2 | 2,225 | 2,280 |
Wells Fargo & Co. 3.196% 2027 (3-month USD-LIBOR + 1.17% on 4/17/2027)2 | 1,200 | 1,281 |
Wells Fargo & Co. 2.572% 2031 (3-month USD-LIBOR + 1.00% on 2/11/2030)2 | 6,670 | 6,807 |
Westpac Banking Corp. 2.35% 2025 | 983 | 1,015 |
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Financials (continued) | Principal amount (000) | Value (000) |
Westpac Banking Corp. 2.894% 2030 (UST Yield Curve Rate T Note Constant Maturity 5-year + 1.35% on 2/4/2025)2 | $2,168 | $2,200 |
Willis North America Inc. 3.875% 2049 | 250 | 269 |
138,324 | ||
Utilities 12.99% | ||
AEP Transmission Co. LLC 3.80% 2049 | 200 | 236 |
Alliant Energy Finance LLC 4.25% 20281 | 377 | 426 |
Ameren Corp. 2.50% 2024 | 242 | 249 |
American Electric Power Co., Inc. 3.65% 2021 | 1,600 | 1,663 |
CenterPoint Energy, Inc. 3.85% 2024 | 780 | 843 |
CenterPoint Energy, Inc. 2.95% 2030 | 3,350 | 3,492 |
CMS Energy Corp. 3.45% 2027 | 750 | 826 |
Colbun SA 4.50% 2024 | 200 | 216 |
Colbun SA 3.95% 20271 | 400 | 425 |
Comision Federal de Electricidad 4.75% 20271 | 500 | 541 |
Connecticut Light and Power Co. 3.20% 2027 | 1,125 | 1,225 |
Consumers Energy Co. 3.10% 2050 | 2,580 | 2,790 |
Dominion Resources, Inc., junior subordinated, 3.071% 20242 | 1,000 | 1,050 |
DTE Energy Co. 2.95% 2050 | 130 | 134 |
Duke Energy Carolinas, LLC 2.45% 2030 | 2,550 | 2,660 |
Duke Energy Carolinas, LLC 3.20% 2049 | 330 | 354 |
Duke Energy Corp. 3.40% 2029 | 1,475 | 1,623 |
Duke Energy Florida, LLC 2.50% 2029 | 3,500 | 3,649 |
Duke Energy Progress Inc. (3-month USD-LIBOR + 0.18%) 2.065% 20203 | 1,525 | 1,527 |
Edison International 3.55% 2024 | 2,846 | 3,021 |
Edison International 5.75% 2027 | 2,468 | 2,921 |
Edison International 4.125% 2028 | 7,482 | 8,167 |
EDP Finance BV 5.25% 20211 | 400 | 412 |
EDP Finance BV 3.625% 20241 | 200 | 214 |
Electricité de France SA 4.95% 20451 | 200 | 257 |
Emera Inc. 6.75% 2076 (3-month USD-LIBOR + 5.44% on 6/15/2026)2 | 400 | 464 |
Empresa Nacional de Electricidad SA 4.25% 2024 | 150 | 158 |
Enel Chile SA 4.875% 2028 | 145 | 164 |
Enel Finance International SA 3.50% 20281 | 400 | 426 |
Enel Finance International SA 6.00% 20391 | 250 | 333 |
Enel Società per Azioni 8.75% 20731,2 | 1,000 | 1,165 |
Entergy Corp. 2.95% 2026 | 2,085 | 2,198 |
FirstEnergy Corp. 2.05% 2025 | 275 | 279 |
FirstEnergy Corp. 3.50% 20281 | 1,000 | 1,100 |
FirstEnergy Corp. 2.65% 2030 | 5,775 | 5,909 |
FirstEnergy Corp. 3.40% 2050 | 1,500 | 1,520 |
Florida Power & Light Co. 3.15% 2049 | 1,300 | 1,431 |
Gulf Power Co. 3.30% 2027 | 1,000 | 1,095 |
IPALCO Enterprises, Inc. 3.70% 2024 | 400 | 422 |
Jersey Central Power & Light Co. 4.30% 20261 | 1,085 | 1,221 |
Metropolitan Edison Co. 4.30% 20291 | 200 | 234 |
MidAmerican Energy Holdings Co. 3.65% 2029 | 3,630 | 4,120 |
MidAmerican Energy Holdings Co. 3.15% 2050 | 250 | 271 |
Mississippi Power Co. 3.95% 2028 | 500 | 560 |
Mississippi Power Co. 4.25% 2042 | 1,350 | 1,557 |
National Grid PLC 3.15% 20271 | 265 | 286 |
New York State Electric & Gas Corp. 3.25% 20261 | 100 | 108 |
Niagara Mohawk Power Corp. 3.508% 20241 | 300 | 323 |
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Utilities (continued) | Principal amount (000) | Value (000) |
Northern States Power Co. 2.90% 2050 | $1,825 | $1,880 |
Pacific Gas and Electric Co. 3.50% 20204 | 1,481 | 1,557 |
Pacific Gas and Electric Co. 2.45% 20224 | 725 | 765 |
Pacific Gas and Electric Co. 4.25% 20231,4 | 2,000 | 2,176 |
Pacific Gas and Electric Co. 2.95% 20264 | 1,313 | 1,339 |
Pacific Gas and Electric Co. 4.65% 20281,4 | 1,442 | 1,666 |
PacifiCorp., First Mortgage Bonds, 3.50% 2029 | 1,000 | 1,139 |
Progress Energy, Inc. 7.00% 2031 | 525 | 765 |
Public Service Co. of Colorado 3.80% 2047 | 2,364 | 2,817 |
Public Service Electric and Gas Co. 3.65% 2028 | 2,000 | 2,276 |
Public Service Electric and Gas Co. 2.45% 2030 | 3,835 | 4,008 |
Public Service Enterprise Group Inc. 2.25% 2026 | 2,000 | 2,070 |
Puget Energy, Inc. 6.50% 2020 | 5,000 | 5,190 |
Puget Energy, Inc. 5.625% 2022 | 925 | 998 |
Puget Energy, Inc. 3.65% 2025 | 275 | 295 |
San Diego Gas & Electric Co. 6.125% 2037 | 1,650 | 2,332 |
San Diego Gas & Electric Co. 6.00% 2039 | 1,000 | 1,496 |
San Diego Gas & Electric Co. 3.75% 2047 | 667 | 776 |
San Diego Gas & Electric Co. 4.15% 2048 | 852 | 1,049 |
San Diego Gas & Electric Co. 4.10% 2049 | 1,465 | 1,810 |
SCANA Corp. 6.25% 2020 | 2,572 | 2,579 |
SCANA Corp. 4.75% 2021 | 602 | 617 |
SCANA Corp. 4.125% 2022 | 264 | 273 |
Southern California Edison Co. 3.50% 2023 | 1,075 | 1,148 |
Southern California Edison Co. 3.65% 2028 | 169 | 189 |
Southern California Edison Co. 4.125% 2048 | 2,961 | 3,404 |
Southern California Edison Co. 3.65% 2050 | 4,925 | 5,260 |
Southern California Edison Co., Series C, 3.60% 2045 | 1,106 | 1,162 |
Southern California Gas Co. 2.55% 2030 | 1,975 | 2,086 |
Virginia Electric and Power Co. 4.00% 2046 | 1,748 | 2,113 |
Virginia Electric and Power Co. 3.30% 2049 | 750 | 812 |
Virginia Electric and Power Co., Series B, 3.80% 2047 | 1,500 | 1,747 |
Xcel Energy Inc. 3.30% 2025 | 1,000 | 1,070 |
Xcel Energy Inc. 3.35% 2026 | 1,712 | 1,876 |
Xcel Energy Inc. 2.60% 2029 | 3,550 | 3,621 |
Xcel Energy Inc. 6.50% 2036 | 1,712 | 2,448 |
Xcel Energy Inc. 3.50% 2049 | 800 | 884 |
131,958 | ||
Energy 9.70% | ||
Apache Corp. 4.25% 2030 | 3,432 | 3,573 |
Apache Corp. 4.75% 2043 | 2,210 | 2,094 |
Apache Corp. 5.35% 2049 | 3,385 | 3,451 |
BP Capital Markets PLC 3.062% 2022 | 1,073 | 1,107 |
BP Capital Markets PLC 3.79% 2024 | 1,600 | 1,728 |
BP Capital Markets PLC 3.41% 2026 | 2,870 | 3,125 |
BP Capital Markets PLC 4.234% 2028 | 1,560 | 1,806 |
Canadian Natural Resources Ltd. 2.95% 2023 | 1,495 | 1,544 |
Canadian Natural Resources Ltd. 3.85% 2027 | 2,139 | 2,288 |
Cenovus Energy Inc. 5.25% 2037 | 730 | 774 |
Cenovus Energy Inc. 5.40% 2047 | 1,858 | 2,041 |
Cheniere Energy, Inc. 3.70% 20291 | 3,809 | 3,820 |
Chevron Corp. 2.498% 2022 | 2,600 | 2,655 |
Chevron Corp. 2.954% 2026 | 1,750 | 1,879 |
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Energy (continued) | Principal amount (000) | Value (000) |
Concho Resources Inc. 4.30% 2028 | $1,590 | $1,730 |
Concho Resources Inc. 4.85% 2048 | 750 | 828 |
Enbridge Energy Partners, LP 7.375% 2045 | 869 | 1,378 |
Enbridge Inc. 4.00% 2023 | 750 | 803 |
Enbridge Inc. 3.50% 2024 | 1,100 | 1,165 |
Energy Transfer Partners, LP 2.90% 2025 | 1,501 | 1,533 |
Energy Transfer Partners, LP 4.00% 2027 | 790 | 828 |
Energy Transfer Partners, LP 4.20% 2027 | 373 | 401 |
Energy Transfer Partners, LP 6.125% 2045 | 125 | 141 |
Energy Transfer Partners, LP 5.30% 2047 | 1,265 | 1,314 |
Energy Transfer Partners, LP 5.40% 2047 | 2,351 | 2,497 |
Energy Transfer Partners, LP 6.00% 2048 | 1,893 | 2,129 |
Energy Transfer Partners, LP 6.25% 2049 | 1,205 | 1,391 |
Energy Transfer Partners, LP 5.00% 2050 | 2,910 | 2,961 |
Equinor ASA 3.625% 2028 | 1,575 | 1,779 |
Equinor ASA 3.25% 2049 | 1,150 | 1,216 |
Exxon Mobil Corp. 2.222% 2021 | 5,060 | 5,093 |
Exxon Mobil Corp. 1.902% 2022 | 270 | 274 |
Exxon Mobil Corp. 2.019% 2024 | 660 | 675 |
Exxon Mobil Corp. 2.44% 2029 | 1,875 | 1,942 |
Exxon Mobil Corp. 2.995% 2039 | 100 | 105 |
Exxon Mobil Corp. 3.095% 2049 | 120 | 124 |
Kinder Morgan Energy Partners, LP 3.50% 2023 | 1,570 | 1,643 |
Kinder Morgan, Inc. 3.15% 2023 | 610 | 633 |
Kinder Morgan, Inc. 5.05% 2046 | 275 | 313 |
Kinder Morgan, Inc. 5.20% 2048 | 475 | 564 |
MPLX LP 3.50% 20221 | 650 | 677 |
Noble Energy, Inc. 3.25% 2029 | 2,355 | 2,398 |
Noble Energy, Inc. 4.95% 2047 | 1,585 | 1,650 |
Noble Energy, Inc. 4.20% 2049 | 625 | 604 |
Occidental Petroleum Corp. 3.20% 2026 | 748 | 762 |
Occidental Petroleum Corp. 3.50% 2029 | 3,409 | 3,442 |
Occidental Petroleum Corp. 4.40% 2049 | 2,090 | 1,992 |
Petróleos Mexicanos 6.84% 20301 | 610 | 638 |
Sabine Pass Liquefaction, LLC 5.625% 20212 | 380 | 389 |
Shell International Finance BV 1.75% 2021 | 50 | 50 |
Shell International Finance BV 3.50% 2023 | 1,558 | 1,661 |
Shell International Finance BV 2.00% 2024 | 3,680 | 3,756 |
Shell International Finance BV 2.50% 2026 | 710 | 738 |
Shell International Finance BV 3.875% 2028 | 1,230 | 1,395 |
Shell International Finance BV 2.375% 2029 | 280 | 286 |
Shell International Finance BV 3.75% 2046 | 220 | 251 |
Shell International Finance BV 4.00% 2046 | 355 | 416 |
Shell International Finance BV 3.125% 2049 | 1,285 | 1,324 |
Total Capital International 2.434% 2025 | 3,945 | 4,096 |
Total Capital International 3.455% 2029 | 1,830 | 2,026 |
Total Capital International 3.461% 2049 | 90 | 99 |
Total Capital SA 3.883% 2028 | 400 | 457 |
TransCanada PipeLines Ltd. 4.875% 2048 | 800 | 967 |
TransCanada PipeLines Ltd. 5.10% 2049 | 750 | 936 |
Williams Partners LP 4.50% 2023 | 2,000 | 2,171 |
98,526 |
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Consumer staples 7.65% | Principal amount (000) | Value (000) |
Altria Group, Inc. 3.80% 2024 | $275 | $295 |
Altria Group, Inc. 4.40% 2026 | 228 | 256 |
Altria Group, Inc. 4.80% 2029 | 4,310 | 4,934 |
Altria Group, Inc. 5.80% 2039 | 110 | 135 |
Altria Group, Inc. 5.95% 2049 | 4,252 | 5,406 |
Anheuser-Busch Co./InBev Worldwide 4.90% 2046 | 3,740 | 4,628 |
Anheuser-Busch InBev NV 4.15% 2025 | 1,000 | 1,113 |
Anheuser-Busch InBev NV 4.00% 2028 | 200 | 226 |
Anheuser-Busch InBev NV 4.75% 2029 | 1,531 | 1,811 |
Anheuser-Busch InBev NV 4.90% 2031 | 250 | 304 |
Anheuser-Busch InBev NV 5.45% 2039 | 160 | 209 |
Anheuser-Busch InBev NV 5.55% 2049 | 1,844 | 2,501 |
British American Tobacco PLC 2.764% 2022 | 310 | 318 |
British American Tobacco PLC 2.789% 2024 | 1,500 | 1,543 |
British American Tobacco PLC 3.215% 2026 | 2,195 | 2,291 |
British American Tobacco PLC 3.557% 2027 | 5,503 | 5,814 |
British American Tobacco PLC 4.54% 2047 | 3,385 | 3,513 |
British American Tobacco PLC 4.758% 2049 | 360 | 389 |
Coca-Cola Co. 1.75% 2024 | 2,250 | 2,298 |
Conagra Brands, Inc. 3.80% 2021 | 2,500 | 2,599 |
Conagra Brands, Inc. 4.30% 2024 | 2,900 | 3,153 |
Conagra Brands, Inc. 4.60% 2025 | 1,155 | 1,293 |
Conagra Brands, Inc. 5.30% 2038 | 101 | 123 |
Conagra Brands, Inc. 5.40% 2048 | 925 | 1,172 |
Constellation Brands, Inc. 2.65% 2022 | 600 | 615 |
Constellation Brands, Inc. 4.25% 2023 | 457 | 489 |
Constellation Brands, Inc. 3.60% 2028 | 200 | 215 |
Constellation Brands, Inc. 4.10% 2048 | 200 | 226 |
Costco Wholesale Corp. 2.30% 2022 | 894 | 916 |
Costco Wholesale Corp. 2.75% 2024 | 975 | 1,032 |
Keurig Dr Pepper Inc. 3.551% 2021 | 625 | 640 |
Keurig Dr Pepper Inc. 4.057% 2023 | 1,950 | 2,094 |
Keurig Dr Pepper Inc. 4.417% 2025 | 455 | 511 |
Keurig Dr Pepper Inc. 4.597% 2028 | 591 | 682 |
Keurig Dr Pepper Inc. 5.085% 2048 | 704 | 899 |
Molson Coors Brewing Co. 2.25% 2020 | 300 | 300 |
Molson Coors Brewing Co. 4.20% 2046 | 1,275 | 1,327 |
Nestlé Holdings, Inc. 3.35% 20231 | 2,200 | 2,357 |
Philip Morris International Inc. 2.875% 2024 | 972 | 1,021 |
Philip Morris International Inc. 3.375% 2029 | 1,395 | 1,523 |
Reynolds American Inc. 4.45% 2025 | 225 | 249 |
Reynolds American Inc. 5.85% 2045 | 225 | 270 |
Wal-Mart Stores, Inc. 3.125% 2021 | 2,806 | 2,871 |
Wal-Mart Stores, Inc. 2.35% 2022 | 200 | 206 |
Wal-Mart Stores, Inc. 2.55% 2023 | 2,720 | 2,823 |
Wal-Mart Stores, Inc. 3.40% 2023 | 535 | 572 |
Wal-Mart Stores, Inc. 2.85% 2024 | 4,452 | 4,734 |
Wal-Mart Stores, Inc. 3.05% 2026 | 350 | 380 |
Wal-Mart Stores, Inc. 3.70% 2028 | 350 | 397 |
Wal-Mart Stores, Inc. 2.375% 2029 | 1,000 | 1,043 |
WM. Wrigley Jr. Co. 3.375% 20201 | 2,950 | 2,981 |
77,697 |
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Information technology 6.80% | Principal amount (000) | Value (000) |
Adobe Inc 1.70% 2023 | $7,200 | $7,301 |
Adobe Inc. 1.90% 2025 | 3,032 | 3,104 |
Adobe Inc. 2.15% 2027 | 5,414 | 5,544 |
Adobe Inc. 2.30% 2030 | 6,344 | 6,515 |
Apple Inc. 1.80% 2024 | 2,000 | 2,028 |
Broadcom Inc. 4.75% 20291 | 4,785 | 5,326 |
Broadcom Ltd. 3.00% 2022 | 1,025 | 1,045 |
Broadcom Ltd. 3.625% 2024 | 575 | 603 |
Broadcom Ltd. 3.875% 2027 | 2,105 | 2,209 |
Broadcom Ltd. 3.50% 2028 | 592 | 612 |
Fiserv, Inc. 3.50% 2029 | 5,515 | 6,040 |
Fiserv, Inc. 4.40% 2049 | 1,850 | 2,204 |
International Business Machines Corp. 3.00% 2024 | 2,000 | 2,120 |
Microsoft Corp. 1.55% 2021 | 1,225 | 1,231 |
Microsoft Corp. 2.40% 2022 | 8,250 | 8,436 |
Microsoft Corp. 2.875% 2024 | 1,950 | 2,061 |
Microsoft Corp. 3.30% 2027 | 3,055 | 3,388 |
Microsoft Corp. 4.25% 2047 | 475 | 627 |
Oracle Corp. 1.90% 2021 | 800 | 807 |
PayPal Holdings, Inc. 2.40% 2024 | 850 | 874 |
PayPal Holdings, Inc. 2.65% 2026 | 554 | 579 |
PayPal Holdings, Inc. 2.85% 2029 | 2,848 | 2,996 |
Visa Inc. 2.15% 2022 | 3,375 | 3,445 |
69,095 | ||
Industrials 6.80% | ||
3M Co. 2.25% 2023 | 1,400 | 1,435 |
3M Co. 3.25% 2024 | 90 | 96 |
Avolon Holdings Funding Ltd. 3.95% 20241 | 1,451 | 1,511 |
Boeing Co. 2.70% 2022 | 2,100 | 2,149 |
Boeing Co. 3.10% 2026 | 790 | 838 |
Boeing Co. 2.70% 2027 | 970 | 998 |
Boeing Co. 3.20% 2029 | 1,031 | 1,103 |
Boeing Co. 2.95% 2030 | 433 | 455 |
Boeing Co. 3.60% 2034 | 430 | 475 |
CCCI Treasure Ltd. 3.50% (UST Yield Curve Rate T Note Constant Maturity 5-year + 7.192% on 4/21/2020)2 | 2,500 | 2,502 |
Continental Airlines, Inc., Series 2000-2, Class A-1, 7.707% 2022 | 18 | 18 |
CSX Corp. 3.80% 2028 | 1,725 | 1,921 |
CSX Corp. 4.25% 2029 | 2,000 | 2,319 |
CSX Corp. 2.40% 2030 | 425 | 434 |
CSX Corp. 4.75% 2048 | 270 | 350 |
CSX Corp. 3.35% 2049 | 1,140 | 1,202 |
CSX Corp. 4.50% 2049 | 1,075 | 1,351 |
GE Capital International Funding Co. 4.418% 2035 | 750 | 858 |
General Dynamics Corp. 3.00% 2021 | 2,500 | 2,552 |
General Dynamics Corp. 3.50% 2025 | 1,000 | 1,097 |
General Dynamics Corp. 3.75% 2028 | 1,100 | 1,249 |
General Electric Capital Corp. 3.373% 2025 | 2,025 | 2,160 |
General Electric Co. 2.70% 2022 | 500 | 511 |
General Electric Co. 4.125% 2042 | 8 | 9 |
Honeywell International Inc. 2.15% 2022 | 2,820 | 2,885 |
Honeywell International Inc. 2.30% 2024 | 3,525 | 3,666 |
Honeywell International Inc. 2.70% 2029 | 1,522 | 1,639 |
Lockheed Martin Corp. 2.50% 2020 | 774 | 778 |
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Industrials (continued) | Principal amount (000) | Value (000) |
Lockheed Martin Corp. 3.10% 2023 | $135 | $141 |
Lockheed Martin Corp. 4.50% 2036 | 10 | 13 |
Lockheed Martin Corp. 4.70% 2046 | 1,150 | 1,540 |
Norfolk Southern Corp. 3.00% 2022 | 1,071 | 1,101 |
Norfolk Southern Corp. 2.55% 2029 | 1,605 | 1,671 |
Norfolk Southern Corp. 3.40% 2049 | 197 | 209 |
Northrop Grumman Corp. 2.55% 2022 | 3,560 | 3,666 |
Northrop Grumman Corp. 3.25% 2028 | 2,100 | 2,276 |
Otis Worldwide Corp. 2.056% 20251 | 2,500 | 2,543 |
Otis Worldwide Corp. 2.293% 20271 | 1,500 | 1,535 |
Otis Worldwide Corp. 2.565% 20301 | 500 | 515 |
Otis Worldwide Corp. 3.362% 20501 | 250 | 260 |
Parker-Hannifin Corp. 2.70% 2024 | 560 | 585 |
Parker-Hannifin Corp. 3.25% 2029 | 640 | 691 |
Parker-Hannifin Corp. 4.00% 2049 | 120 | 138 |
Rockwell Collins, Inc. 2.80% 2022 | 390 | 401 |
Roper Technologies, Inc. 2.80% 2021 | 25 | 26 |
Siemens AG 2.70% 20221 | 250 | 257 |
Siemens AG 2.90% 20221 | 450 | 466 |
Siemens AG 2.00% 20231 | 500 | 511 |
Siemens AG 3.125% 20241 | 600 | 639 |
Siemens AG 2.35% 20261 | 990 | 1,025 |
Union Pacific Corp. 3.15% 2024 | 750 | 795 |
Union Pacific Corp. 2.15% 2027 | 1,331 | 1,358 |
Union Pacific Corp. 3.95% 2028 | 350 | 397 |
Union Pacific Corp. 3.70% 2029 | 1,000 | 1,128 |
Union Pacific Corp. 2.40% 2030 | 581 | 596 |
Union Pacific Corp. 4.30% 2049 | 1,185 | 1,435 |
Union Pacific Corp. 3.25% 2050 | 1,591 | 1,647 |
Union Pacific Corp. 3.95% 2059 | 805 | 908 |
United Technologies Corp. 3.65% 2023 | 1,700 | 213 |
United Technologies Corp. 3.95% 2025 | 535 | 599 |
United Technologies Corp. 4.125% 2028 | 1,475 | 1,728 |
United Technologies Corp. 4.50% 2042 | 250 | 319 |
Waste Management, Inc. 2.95% 2024 | 745 | 787 |
Westinghouse Air Brake Technologies Corp. 4.40% 20242 | 340 | 369 |
69,049 | ||
Communication services 4.32% | ||
AT&T Inc. 2.45% 2020 | 9,000 | 9,009 |
AT&T Inc. 4.35% 2029 | 1,000 | 1,139 |
AT&T Inc. 4.50% 2048 | 1,040 | 1,188 |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 2024 | 1,500 | 1,629 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.05% 2029 | 1,000 | 1,159 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2049 | 927 | 1,045 |
Comcast Corp. 3.95% 2025 | 5,800 | 6,495 |
Comcast Corp. 4.15% 2028 | 1,000 | 1,160 |
Comcast Corp. 2.65% 2030 | 6,630 | 6,960 |
Comcast Corp. 4.60% 2038 | 330 | 416 |
Comcast Corp. 4.00% 2047 | 200 | 237 |
Comcast Corp. 4.00% 2048 | 290 | 344 |
Comcast Corp. 3.45% 2050 | 680 | 752 |
Deutsche Telekom AG 3.625% 20501 | 3,850 | 4,094 |
Fox Corp. 5.576% 20491 | 370 | 498 |
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Communication services (continued) | Principal amount (000) | Value (000) |
NBCUniversal Enterprise, Inc., junior subordinated, 5.25% 20491 | $2,035 | $2,093 |
Verizon Communications Inc. (3-month USD-LIBOR + 0.55%) 2.233% 20203 | 1,425 | 1,426 |
Verizon Communications Inc. 4.329% 2028 | 530 | 623 |
Vodafone Group PLC 5.25% 2048 | 830 | 1,049 |
Vodafone Group PLC 4.25% 2050 | 2,100 | 2,333 |
WPP Finance 2010 3.75% 2024 | 200 | 215 |
43,864 | ||
Consumer discretionary 2.92% | ||
Amazon.com, Inc. 3.15% 2027 | 450 | 494 |
Amazon.com, Inc. 4.05% 2047 | 165 | 212 |
American Honda Finance Corp. 2.60% 2022 | 100 | 103 |
American Honda Finance Corp. 3.50% 2028 | 39 | 43 |
Bayerische Motoren Werke AG 1.85% 20211 | 100 | 101 |
Bayerische Motoren Werke AG 2.00% 20211 | 400 | 402 |
Bayerische Motoren Werke AG 3.45% 20231 | 472 | 497 |
Bayerische Motoren Werke AG 3.15% 20241 | 1,528 | 1,610 |
DaimlerChrysler North America Holding Corp. 2.45% 20201 | 725 | 726 |
DaimlerChrysler North America Holding Corp. 3.65% 20241 | 2,750 | 2,937 |
Ford Motor Credit Co. 3.664% 2024 | 968 | 966 |
General Motors Co. 6.60% 2036 | 45 | 54 |
General Motors Co. 6.75% 2046 | 305 | 360 |
General Motors Co. 5.40% 2048 | 650 | 657 |
General Motors Co. 5.95% 2049 | 380 | 417 |
General Motors Financial Co. 3.55% 2021 | 200 | 203 |
General Motors Financial Co. 3.55% 2022 | 870 | 898 |
General Motors Financial Co. 3.50% 2024 | 1,690 | 1,755 |
General Motors Financial Co. 2.90% 2025 | 130 | 131 |
Home Depot, Inc. 3.90% 2028 | 125 | 144 |
Home Depot, Inc. 2.95% 2029 | 910 | 985 |
Home Depot, Inc. 4.50% 2048 | 85 | 110 |
Home Depot, Inc. 3.125% 2049 | 181 | 193 |
Hyundai Capital America 2.55% 20201 | 1,150 | 1,151 |
Hyundai Capital America 3.25% 20221 | 150 | 155 |
Las Vegas Sands Corp. 3.90% 2029 | 100 | 106 |
Lowe’s Cos., Inc. 3.65% 2029 | 898 | 996 |
Lowe’s Cos., Inc. 4.05% 2047 | 39 | 44 |
Lowe’s Cos., Inc. 4.55% 2049 | 820 | 1,006 |
McDonald’s Corp. 4.45% 2047 | 475 | 576 |
Morongo Band of Mission Indians 7.00% 20391 | 1,100 | 1,390 |
Sands China Ltd. 5.40% 2028 | 1,500 | 1,703 |
Starbucks Corp. 4.50% 2048 | 375 | 447 |
Toyota Motor Credit Corp. (3-month USD-LIBOR + 0.15%) 2.028% 20203 | 2,150 | 2,152 |
Toyota Motor Credit Corp. 2.15% 2020 | 638 | 638 |
Toyota Motor Credit Corp. 1.90% 2021 | 1,534 | 1,546 |
Toyota Motor Credit Corp. 2.15% 2022 | 625 | 640 |
Toyota Motor Credit Corp. 2.60% 2022 | 720 | 737 |
Toyota Motor Credit Corp. 1.80% 2025 | 200 | 203 |
Toyota Motor Credit Corp. 3.20% 2027 | 340 | 374 |
Toyota Motor Credit Corp. 3.05% 2028 | 384 | 422 |
Volkswagen Group of America Finance, LLC 2.85% 20241 | 1,334 | 1,383 |
29,667 |
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Real estate 2.92% | Principal amount (000) | Value (000) |
Alexandria Real Estate Equities, Inc. 3.80% 2026 | $710 | $787 |
Alexandria Real Estate Equities, Inc. 3.95% 2028 | 35 | 39 |
Alexandria Real Estate Equities, Inc. 2.75% 2029 | 134 | 139 |
Alexandria Real Estate Equities, Inc. 3.375% 2031 | 40 | 44 |
American Campus Communities, Inc. 3.75% 2023 | 1,350 | 1,437 |
American Campus Communities, Inc. 4.125% 2024 | 200 | 219 |
American Campus Communities, Inc. 3.30% 2026 | 2,832 | 3,051 |
American Campus Communities, Inc. 3.625% 2027 | 890 | 988 |
American Campus Communities, Inc. 2.85% 2030 | 550 | 574 |
EPR Properties 3.75% 2029 | 300 | 318 |
Equinix, Inc. 2.625% 2024 | 2,165 | 2,228 |
Equinix, Inc. 2.90% 2026 | 2,983 | 3,104 |
Equinix, Inc. 3.20% 2029 | 3,495 | 3,664 |
Essex Portfolio LP 3.625% 2022 | 200 | 209 |
Essex Portfolio LP 3.50% 2025 | 70 | 76 |
Essex Portfolio LP 3.375% 2026 | 200 | 217 |
Essex Portfolio LP 4.00% 2029 | 180 | 205 |
Gaming and Leisure Properties, Inc. 3.35% 2024 | 110 | 114 |
Gaming and Leisure Properties, Inc. 4.00% 2030 | 289 | 308 |
Hospitality Properties Trust 4.35% 2024 | 2,000 | 2,113 |
Kimco Realty Corp. 3.40% 2022 | 1,525 | 1,600 |
Kimco Realty Corp. 3.30% 2025 | 1,000 | 1,074 |
Scentre Group 2.375% 20211 | 130 | 131 |
Scentre Group 3.50% 20251 | 450 | 481 |
Scentre Group 3.75% 20271 | 1,175 | 1,288 |
WEA Finance LLC 3.25% 20201 | 90 | 91 |
Westfield Corp. Ltd. 3.15% 20221 | 4,585 | 4,748 |
Westfield Corp. Ltd. 3.50% 20291 | 312 | 342 |
29,589 | ||
Materials 2.08% | ||
Air Liquide SA 2.25% 20291 | 518 | 534 |
ArcelorMittal 3.60% 2024 | 1,768 | 1,831 |
Braskem SA 4.50% 20301 | 1,860 | 1,824 |
Carrier Global Corp. 2.242% 20251 | 2,753 | 2,804 |
Carrier Global Corp. 2.493% 20271 | 823 | 839 |
Carrier Global Corp. 2.722% 20301 | 2,495 | 2,536 |
Carrier Global Corp. 3.377% 20401 | 119 | 122 |
Carrier Global Corp. 3.577% 20501 | 103 | 106 |
Chevron Phillips Chemical Co. LLC 3.30% 20231 | 390 | 410 |
Dow Chemical Co. 3.15% 2024 | 205 | 218 |
Dow Chemical Co. 4.55% 2025 | 200 | 227 |
Dow Chemical Co. 3.625% 2026 | 1,298 | 1,414 |
Dow Chemical Co. 4.80% 2028 | 500 | 587 |
Dow Chemical Co. 4.625% 2044 | 100 | 116 |
Dow Chemical Co. 5.55% 2048 | 290 | 366 |
Dow Chemical Co. 4.80% 2049 | 940 | 1,107 |
DowDuPont Inc. 5.419% 2048 | 675 | 852 |
Glencore Funding LLC 4.125% 20241 | 1,000 | 1,068 |
LYB International Finance BV 4.875% 2044 | 100 | 117 |
LYB International Finance III, LLC 4.20% 2049 | 249 | 265 |
LyondellBasell Industries NV 6.00% 2021 | 200 | 213 |
Nutrien Ltd. 4.20% 2029 | 250 | 284 |
Nutrien Ltd. 5.00% 2049 | 450 | 561 |
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Materials (continued) | Principal amount (000) | Value (000) |
Praxair, Inc. 3.00% 2021 | $616 | $633 |
Sherwin-Williams Co. 2.75% 2022 | 203 | 208 |
Sherwin-Williams Co. 3.125% 2024 | 600 | 638 |
Sherwin-Williams Co. 3.45% 2027 | 150 | 164 |
Sherwin-Williams Co. 2.95% 2029 | 400 | 422 |
Sherwin-Williams Co. 3.80% 2049 | 300 | 331 |
Westlake Chemical Corp. 5.00% 2046 | 130 | 154 |
Westlake Chemical Corp. 4.375% 2047 | 160 | 174 |
21,125 | ||
Total corporate bonds & notes | 854,642 | |
U.S. Treasury bonds & notes 9.34% U.S. Treasury 9.20% | ||
U.S. Treasury 1.625% 2021 | 695 | 703 |
U.S. Treasury 1.375% 2022 | 1,965 | 1,982 |
U.S. Treasury 1.25% 2024 | 2,000 | 2,028 |
U.S. Treasury 1.50% 2024 | 2,581 | 2,647 |
U.S. Treasury 1.50% 2024 | 157 | 161 |
U.S. Treasury 1.50% 2024 | 44 | 45 |
U.S. Treasury 1.125% 2025 | 16,285 | 16,438 |
U.S. Treasury 1.625% 2026 | 100 | 104 |
U.S. Treasury 1.625% 2029 | 2,979 | 3,106 |
U.S. Treasury 1.75% 2029 | 427 | 450 |
U.S. Treasury 2.375% 20295 | 344 | 381 |
U.S. Treasury 1.50% 2030 | 28,930 | 29,868 |
U.S. Treasury 3.125% 20485 | 209 | 277 |
U.S. Treasury 2.375% 20495 | 30,343 | 35,274 |
93,464 | ||
U.S. Treasury inflation-protected securities 0.14% | ||
U.S. Treasury Inflation-Protected Security 0.25% 20296 | 1,331 | 1,398 |
Total U.S. Treasury bonds & notes | 94,862 | |
Municipals 0.19% South Carolina 0.11% | ||
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2015-E, 5.25% 2055 | 400 | 478 |
Public Service Auth., Rev. Obligations (Santee Cooper), Series 2016-B, 5.00% 2036 | 100 | 123 |
Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2016-C, 5.00% 2035 | 460 | 565 |
1,166 | ||
Illinois 0.08% | ||
G.O. Bonds, Pension Funding, Series 2003, 5.10% 2033 | 675 | 790 |
Total municipals | 1,956 | |
Asset-backed obligations 0.11% | ||
Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 20391,7 | 1,073 | 1,095 |
Total bonds, notes & other debt instruments (cost: $902,082,000) | 952,555 |
Short-term securities 4.37% Money market investments 4.37% | Shares | Value (000) |
Capital Group Central Cash Fund 1.63%8 | 444,136 | $44,413 |
Total short-term securities (cost: $44,058,000) | 44,413 | |
Total investment securities 98.16% (cost: $946,140,000) | 996,968 | |
Other assets less liabilities 1.84% | 18,693 | |
Net assets 100.00% | $1,015,661 |
Contracts | Type | Number of contracts | Expiration | Notional amount9 (000) | Value at 2/29/202010 (000) | Unrealized appreciation (depreciation) at 2/29/2020 (000) |
2 Year U.S. Treasury Note Futures | Long | 115 | July 2020 | $23,000 | $25,108 | $181 |
5 Year U.S. Treasury Note Futures | Long | 555 | July 2020 | 55,500 | 68,126 | 1,096 |
10 Year U.S. Treasury Note Futures | Short | 36 | June 2020 | (3,600) | (4,851) | (72) |
10 Year Ultra U.S. Treasury Note Futures | Short | 98 | June 2020 | (9,800) | (14,722) | (413) |
20 Year U.S. Treasury Bond Futures | Long | 36 | June 2020 | 3,600 | 6,129 | 203 |
30 Year Ultra U.S. Treasury Bond Futures | Long | 86 | June 2020 | 8,600 | 17,845 | 691 |
$1,686 |
1 | Acquired in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $127,223,000, which represented 12.53% of the net assets of the fund. |
2 | Step bond; coupon rate may change at a later date. |
3 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
4 | Scheduled interest and/or principal payment was not received. |
5 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $826,000, which represented .08% of the net assets of the fund. |
6 | Index-linked bond whose principal amount moves with a government price index. |
7 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
8 | Rate represents the seven-day yield at 2/29/2020. |
9 | Notional amount is calculated based on the number of contracts and notional contract size. |
10 | Value is calculated based on the notional amount and current market price. |
Fixed-income class | Examples of standard inputs |
All | Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”) |
Corporate bonds & notes; convertible securities | Standard inputs and underlying equity of the issuer |
Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
Mortgage-backed; asset-backed obligations | Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information |
Municipal securities | Standard inputs and, for certain distressed securities, cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts |
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Bonds, notes & other debt instruments: | ||||
Corporate bonds & notes | $— | $854,642 | $— | $854,642 |
U.S. Treasury bonds & notes | — | 94,862 | — | 94,862 |
Municipals | — | 1,956 | — | 1,956 |
Asset-backed obligations | — | 1,095 | — | 1,095 |
Short-term securities | 44,413 | — | — | 44,413 |
Total | $44,413 | $952,555 | $— | $996,968 |
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $2,171 | $— | $— | $2,171 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (485) | — | — | (485) |
Total | $1,686 | $— | $— | $1,686 |
* | Futures contracts are not included in the investment portfolio. |
Key to abbreviations and symbol |
Auth. = Authority |
G.O. = General Obligation |
ICE = Intercontinental Exchange, Inc. |
LIBOR = London Interbank Offered Rate |
Ref. = Refunding |
Rev. = Revenue |
SOFR = Secured Overnight Financing Rate |
USD/$ = U.S. dollars |
MFGEFPX-032-0420O-S73122 | American Funds Corporate Bond Fund — Page 17 of 17 |