Page 1 of 21 - T. Rowe PriceAerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.5 5/26/22 560,000 466,909 0.012% AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.13

T. Rowe Price Balanced Fund 03/31/2020

(Unaudited)

Portfolio of Investments

Investments in Securities Coupon % Maturity Shares/Par Value ($) % of Net Assets

ABB 342,305 5,949,615 0.156%

Abbott Laboratories 3.4 11/30/23 1,281,000 1,347,360 0.035%

Abbott Laboratories 26,359 2,079,989 0.055%

AbbVie 2.95 11/21/26 920,000 943,177 0.025%

AbbVie 3.6 5/14/25 1,630,000 1,707,608 0.045%

AbbVie 3.2 5/14/26 420,000 429,319 0.011%

AbbVie 4.5 5/14/35 1,900,000 2,098,343 0.055%

AbbVie 247,940 18,890,549 0.497%

Abn Amro Bank 4.75 7/28/25 940,000 953,564 0.025%

Abn Amro Bank 292,413 2,372,867 0.062%

Accenture 21,027 3,432,868 0.090%

Activision Blizzard 4,623 274,976 0.007%

Advanced Micro Devices 124,448 5,659,895 0.149%

AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.5 5/26/22 560,000 466,909 0.012%

AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.13 7/3/23 1,945,000 1,653,164 0.043%

Agilent Technologies 3.2 10/1/22 710,000 712,494 0.019%

Agilent Technologies 3.88 7/15/23 975,000 1,005,653 0.026%

Agilent Technologies 68,386 4,897,805 0.129%

AHS Hospital 5.02 7/1/45 1,600,000 2,055,712 0.054%

Aia 3.2 3/11/25 1,020,000 1,000,230 0.026%

Aia 3.6 4/9/29 1,280,000 1,325,646 0.035%

AIA Group 488,000 4,369,866 0.115%

AIG Global Funding 3.35 6/25/21 1,600,000 1,611,848 0.042%

AIG Global Funding 2.15 7/2/20 615,000 614,951 0.016%

Air Lease 2.5 3/1/21 980,000 891,800 0.023%

Air Lease 3.63 4/1/27 1,025,000 820,000 0.022%

Air Liquide 50,942 6,502,621 0.171%

Air Products & Chemicals 2,089 416,985 0.011%

Aisin Seiki 22,200 543,704 0.014%

Alaska Air Group 14,087 401,057 0.011%

Alcon 43,929 2,250,515 0.059%

Alexandria Real Estate Equities 3.95 1/15/27 655,000 664,518 0.017%

Alexion Pharmaceuticals 23,570 2,116,350 0.056%

Alfa SAB de CV 5.25 3/25/24 395,000 373,767 0.010%

Alibaba Group Holding, ADR 161,519 31,412,215 0.826%

Allergan 1,518 268,838 0.007%

Allianz 47,713 8,125,409 0.214%

Allstate 5.55 5/9/35 1,000,000 1,341,928 0.035%

Ally Financial 55,497 800,822 0.021%

Alphabet Class A 12,647 14,695,182 0.386%

Alphabet Class C 50,110 58,268,409 1.532%

Altria 4.75 5/5/21 535,000 541,431 0.014%

Altria Group 96,482 3,730,959 0.098%

Amadeus IT 71,098 3,346,504 0.088%

Amazon.com 5.2 12/3/25 1,850,000 2,200,980 0.058%

Amazon.com 2.8 8/22/24 1,055,000 1,121,873 0.029%

Amazon.com 3.88 8/22/37 1,645,000 1,967,099 0.052%

Amazon.com 44,406 86,579,266 2.276%

Amcor 382,248 3,060,294 0.080%

Ameren 90,142 6,565,042 0.173%

America Movil SAB de CV 6.38 3/1/35 300,000 404,639 0.011%

American Airlines 2013-2 Class A Pass Through Trust 4.95 1/15/23 483,611 454,436 0.012%

American Airlines 2014-1 Class A Pass Through Trust 3.7 10/1/26 937,223 834,359 0.022%

American Airlines 2016-1 Class B Pass Through Trust 5.25 1/15/24 1,703,495 1,456,488 0.038%

American Campus Communities Operating Partnership 3.63 11/15/27 1,860,000 1,857,848 0.049%

American Electric Power 61,533 4,921,409 0.129%

American Express 3.7 11/5/21 2,040,000 2,092,350 0.055%

American International Group 576,111 13,970,692 0.367%

American Tower, REIT 11,331 2,467,325 0.065%

Ameriprise Financial 1,964 201,271 0.005%

AMETEK 4,975 358,300 0.009%

Amgen 5.75 3/15/40 325,000 430,200 0.011%

Amgen 19,025 3,856,938 0.101%

Amphenol 22,907 1,669,462 0.044%

Anheuser-Busch InBev Worldwide 5.55 1/23/49 2,120,000 2,491,835 0.066%

Page 1 of 21

Anthem 2.5 11/21/20 695,000 692,695 0.018%

Anthem 4.65 1/15/43 915,000 1,016,646 0.027%

Anthem 50,262 11,411,484 0.300%

Antofagasta 435,718 4,161,293 0.109%

ANZ New Zealand Int l Ltd/London 2.75 1/22/21 1,965,000 1,971,744 0.052%

ANZ New Zealand Int l Ltd/London 2.2 7/17/20 930,000 929,533 0.024%

Aon PLC/UK 2.8 3/15/21 2,085,000 2,056,331 0.054%

Appalachian Power 4.45 6/1/45 2,450,000 2,604,713 0.068%

Apple 183,683 46,708,750 1.228%

Applied Materials 341,295 15,638,137 0.411%

Aptiv 4.15 3/15/24 745,000 728,063 0.019%

Aptiv 17,023 838,213 0.022%

APT Pipelines 4.25 7/15/27 620,000 614,709 0.016%

Arbys Funding 2015-1A 4.97 10/30/45 3,087,938 2,984,708 0.078%

Asahi Kasei 596,500 4,179,572 0.110%

Ascendis Pharma, ADR 14,561 1,639,714 0.043%

Ashford Hospitality Trust 2018-ASHF 1.6 4/15/35 2,269,875 1,830,323 0.048%

Ashtead 98,840 2,136,318 0.056%

ASML Holding 5,327 1,393,756 0.037%

ASML Holding 33,139 8,735,941 0.230%

ASOS 131,925 1,941,168 0.051%

Astellas Pharma 926,100 14,268,754 0.375%

Atlassian 13,312 1,827,205 0.048%

Atmos Energy 4.15 1/15/43 1,500,000 1,607,343 0.042%

Atmos Energy 10,023 994,582 0.026%

Atrium Hotel Portfolio Trust 2017-ATRM 1.63 12/15/36 2,530,000 2,343,096 0.062%

AT&T 157,592 4,593,807 0.121%

Ausgrid Finance Pty 3.85 5/1/23 1,705,000 1,762,181 0.046%

Australia & New Zealand Banking 312,191 3,274,075 0.086%

Autoliv 51,877 2,440,592 0.064%

Automatic Data Processing 2,187 298,919 0.008%

Autoridad del Canal de Panama 4.95 7/29/35 510,000 589,206 0.015%

AutoZone 4 11/15/20 825,000 836,680 0.022%

AutoZone 3.13 4/21/26 650,000 671,130 0.018%

AutoZone 959 811,314 0.021%

AvalonBay Communities, REIT 8,109 1,193,402 0.031%

Avery Dennison 8,764 892,789 0.023%

Avis Budget Rental Car Funding AESOP 3.41 9/20/23 1,000,000 971,912 0.026%

Avis Budget Rental Car Funding AESOP 3.55 9/22/25 1,165,000 1,093,440 0.029%

Aviva 860,618 2,829,494 0.074%

AXA 593,637 10,051,435 0.264%

Baidu 3.88 9/29/23 2,000,000 2,076,849 0.055%

Baidu, ADR 19,500 1,965,405 0.052%

Ball 2,100 135,786 0.004%

Baltimore Gas & Electric 3.35 7/1/23 1,750,000 1,766,202 0.046%

Banco Santander 3.13 2/23/23 1,000,000 992,345 0.026%

Banco Santander 3.85 4/12/23 2,000,000 1,999,840 0.053%

Banco Santander Chile 2.7 1/10/25 1,322,000 1,274,342 0.034%

Bank of America 6.11 1/29/37 900,000 1,134,000 0.030%

Bank of America 6.75 6/1/28 700,000 888,826 0.023%

Bank of America 1.87 6/25/22 2,575,000 2,513,743 0.066%

Bank of America 4.2 8/26/24 600,000 641,245 0.017%

Bank of America 473,819 10,059,177 0.264%

Bank of Montreal 3.1 4/13/21 2,835,000 2,862,843 0.075%

Bank of Nova Scotia 3.13 4/20/21 3,275,000 3,282,962 0.086%

Barclays 3.25 1/12/21 1,800,000 1,821,521 0.048%

Barclays Bank 2.65 1/11/21 1,515,000 1,525,500 0.040%

BASF 84,925 3,969,566 0.104%

BAT Capital 2.76 8/15/22 2,205,000 2,166,955 0.057%

Bausch Health 32,623 505,657 0.013%

Bayer 172,745 9,898,040 0.260%

Baylor Scott & White Holdings 3.97 11/15/46 1,850,000 2,112,865 0.056%

BBCMS 2019-BWAY Mortgage Trust 2.86 11/25/34 605,000 554,474 0.015%

Becton Dickinson And 18,563 1,016,890 0.027%

Becton Dickinson And 3.7 6/6/27 1,956,000 1,986,684 0.052%

Becton, Dickinson & Company 70,465 16,190,743 0.426%

Beijing Enterprises Holdings 659,000 2,405,007 0.063%

Berkshire Hathaway 39,071 7,143,351 0.188%

Berkshire Hathaway Energy 5.15 11/15/43 1,350,000 1,642,120 0.043%

Bermuda Government International Bond 4.14 1/3/23 615,000 615,766 0.016%

Bermuda Government International Bond 4.85 2/6/24 644,000 657,682 0.017%

BFLD 2019-DPLO 2.24 10/15/34 2,080,000 1,605,007 0.042%

Page 2 of 21

Bhp 301,351 4,676,855 0.123%

Bhp 69,459 1,260,079 0.033%

Biogen 3.63 9/15/22 1,095,000 1,124,558 0.030%

Biogen 14,377 4,548,595 0.120%

BMW US Capital 3.4 8/13/21 2,835,000 2,819,915 0.074%

BNP Paribas 186,627 5,448,622 0.143%

Boardwalk Pipelines 4.95 12/15/24 780,000 631,800 0.017%

Boardwalk Pipelines 4.45 7/15/27 385,000 298,937 0.008%

Boeing 58,724 8,758,097 0.230%

Booking Holdings 3.65 3/15/25 1,515,000 1,522,490 0.040%

Booking Holdings 3.6 6/1/26 2,020,000 2,025,765 0.053%

Booking Holdings 5,776 7,770,568 0.204%

Boral Finance Pty 3 11/1/22 220,000 222,018 0.006%

Boston Properties 3.65 2/1/26 1,165,000 1,203,087 0.032%

Boston Properties 4.13 5/15/21 375,000 377,615 0.010%

Boston Properties 3.13 9/1/23 625,000 624,351 0.016%

Boston Scientific 162,981 5,318,070 0.140%

Bpce 5.7 10/22/23 1,700,000 1,791,375 0.047%

Bpce 4.5 3/15/25 1,000,000 1,010,506 0.027%

Bpce 3 5/22/22 425,000 416,967 0.011%

Bpce 4 9/12/23 1,350,000 1,351,779 0.036%

Bre Grand Islander Timeshare Issuer 2019 3.28 9/26/33 625,178 617,326 0.016%

Bristol-Myers Squibb 4.63 5/15/44 1,200,000 1,554,151 0.041%

Bristol-Myers Squibb 3.55 8/15/22 1,700,000 1,760,678 0.046%

Bristol-Myers Squibb 10,700 596,418 0.016%

Brixmor Operating Partnership 3.9 3/15/27 565,000 562,199 0.015%

Brixmor Operating Partnership 4.13 6/15/26 1,220,000 1,263,948 0.033%

Brixmor Operating Partnership 3.88 8/15/22 865,000 821,412 0.022%

Broadcom 1,454 1,403,210 0.037%

Broadcom 44,113 10,459,192 0.275%

Broadcom Corp / Broadcom Cayman Finance 3 1/15/22 2,675,000 2,649,173 0.070%

Bunzl 120,706 2,416,124 0.064%

Burberry 187,182 3,042,587 0.080%

Burlington Northern Santa Fe 6.15 5/1/37 650,000 838,685 0.022%

Burlington Northern Santa Fe 4.38 9/1/42 1,400,000 1,578,273 0.041%

Burlington Stores 3,137 497,089 0.013%

Camden Property Trust 2.95 12/15/22 565,000 564,525 0.015%

Cameron LNG 3.7 1/15/39 475,000 413,115 0.011%

Cameron LNG 2.9 7/15/31 575,000 503,264 0.013%

Canadian Pacific Railway 6,023 1,322,591 0.035%

Cantor Commercial Real Estate Lending 2019-CF1 4.41 5/15/52 800,000 684,751 0.018%

Capital One Financial 3.45 4/30/21 2,730,000 2,740,317 0.072%

Capital One Financial 33,701 1,699,204 0.045%

Cardinal Health 3.41 6/15/27 1,570,000 1,574,641 0.041%

Cardinal Health 3.75 9/15/25 1,005,000 1,032,687 0.027%

CarMax Auto Owner Trust 2017-4 2.11 10/17/22 346,795 344,646 0.009%

CarMax Auto Owner Trust 2018-2 2.98 1/17/23 1,185,000 1,193,581 0.031%

Carpenter Technology 4.45 3/1/23 790,000 704,513 0.019%

Caterpillar 2,500 290,100 0.008%

Caterpillar Financial Services 3.15 9/7/21 2,665,000 2,713,055 0.071%

Cboe Global Markets 1,722 153,689 0.004%

CC Holdings GS V LLC / Crown Castle GS III 3.85 4/15/23 440,000 441,911 0.012%

CDW Corp/DE 8,221 766,773 0.020%

Celanese 7,506 550,865 0.014%

Celulosa Arauco Y Constitucion 4.2 1/29/30 505,000 435,840 0.011%

Centene 136,680 8,120,159 0.213%

CenterPoint Energy 206,000 3,182,700 0.084%

Central Japan Railway 33,300 5,337,030 0.140%

Central Texas Turnpike System 3.03 8/15/41 1,820,000 1,682,790 0.044%

CF Industries 18,251 496,427 0.013%

Challenger Ltd/Australia 742,829 1,814,454 0.048%

Charles Schwab 111,618 3,752,597 0.099%

Charter Communications 7,611 3,320,755 0.087%

Charter Communications Operating LLC / Charter Communications Operating Capital 4.91 7/23/25 2,465,000 2,610,610 0.069%

Chevron 80,306 5,818,973 0.153%

Chicago O Hare International Airport 6.4 1/1/40 755,000 1,057,121 0.028%

Chipotle Mexican Grill 1,561 1,021,518 0.027%

Chubb 106,771 11,925,253 0.314%

CIFC Funding 2015-V 2.65 10/25/27 2,375,000 2,328,769 0.061%

Cigna 3.75 7/15/23 2,307,000 2,375,158 0.062%

Cigna 3 7/15/23 810,000 814,737 0.021%

Cigna 88,918 15,754,491 0.414%

Page 3 of 21

Cintas 2,554 442,404 0.012%

Cisco Systems 120,194 4,724,826 0.124%

Citibank NA 2.13 10/20/20 2,000,000 2,002,500 0.053%

Citigroup 2.98 11/5/30 2,750,000 2,726,196 0.072%

Citigroup 4.08 4/23/29 2,000,000 2,153,622 0.057%

Citigroup 2.35 8/2/21 1,460,000 1,458,140 0.038%

Citigroup 206,130 8,682,196 0.228%

Citigroup Commercial Mortgage Trust 2014-GC21 4.03 5/10/47 235,000 239,291 0.006%

Citigroup Commercial Mortgage Trust 2020-555 2.65 12/10/41 2,115,000 2,178,239 0.057%

Citizens Bank NA/Providence RI 2.55 5/13/21 1,085,000 1,083,663 0.028%

Citizens Financial 2.38 7/28/21 210,000 211,580 0.006%

Citrix Systems 5,200 736,060 0.019%

City of Los Angeles department of Airports 7.05 5/15/40 1,000,000 1,495,900 0.039%

CK Hutchison Holdings 551,468 3,675,624 0.097%

Close Brothers 85,478 1,188,526 0.031%

CME Group 35,338 6,110,294 0.161%

CMS Energy 4.88 3/1/44 1,200,000 1,277,686 0.034%

CMS Energy 4.7 3/31/43 840,000 861,125 0.023%

Cnh Equipment Trust 2017 2.08 2/15/23 704,717 701,738 0.018%

Cnh Equipment Trust 2019 2.35 4/15/27 2,575,000 2,465,429 0.065%

CNOOC Curtis Funding No 1 Pty 4.5 10/3/23 900,000 968,302 0.025%

CNOOC Finance 2013 3 5/9/23 1,390,000 1,419,465 0.037%

Coca-Cola 72,458 3,206,267 0.084%

Cognizant Technology Solutions 32,943 1,530,861 0.040%

Colombia Government International Bond 4 2/26/24 275,000 279,307 0.007%

COLT 2019-2 Mortgage Loan Trust 3.34 5/25/49 861,745 843,156 0.022%

COLT 2019-2 Mortgage Loan Trust 3.54 5/25/49 1,015,323 991,515 0.026%

Columbia Pipeline 3.3 6/1/20 1,300,000 1,296,727 0.034%

Comcast 4.15 10/15/28 2,455,000 2,800,770 0.074%

Comcast 2.65 2/1/30 1,455,000 1,479,495 0.039%

Comcast 203,719 7,003,859 0.184%

COMM 2014-LC15 Mortgage Trust 4.6 4/10/47 2,495,000 2,483,872 0.065%

COMM 2015-LC21 Mortgage Trust 3.71 7/10/48 3,700,000 3,932,921 0.103%

COMM 2017-PANW Mortgage Trust 3.24 10/10/29 2,160,000 2,128,378 0.056%

CommonSpirit Health 2.76 10/1/24 960,000 966,783 0.025%

Compass Group 228,276 3,556,558 0.094%

Conagra Brands 85,183 2,499,269 0.066%

Concho Resources 3.75 10/1/27 665,000 561,925 0.015%

Concho Resources 21,920 939,272 0.025%

ConocoPhillips 143,040 4,405,632 0.116%

Constellation Brands 2,253 322,990 0.008%

Continental Airlines 2010-1 Class A Pass Through Trust 4.75 1/12/21 118,214 117,054 0.003%

Continental Resources 95,013 725,899 0.019%

Cooperatieve Rabobank UA/NY 3.13 4/26/21 1,805,000 1,835,748 0.048%

Cooper Companies 1,280 352,858 0.009%

Corp Nacional del Cobre de Chile 3 9/30/29 2,645,000 2,457,399 0.065%

CoStar Group 6,773 3,977,173 0.105%

Costco Wholesale 12,042 3,433,535 0.090%

Coupa Software 1,127 157,476 0.004%

Covestro 79,673 2,417,933 0.064%

Credit Agricole SA/London 3.75 4/24/23 2,125,000 2,149,508 0.057%

Credit Suisse 3 12/14/23 1,385,000 1,362,570 0.036%

Credit Suisse 2.59 9/11/25 2,095,000 1,996,573 0.052%

CRH America Finance 3.95 4/4/28 2,600,000 2,611,752 0.069%

Crown Castle International 3.4 2/15/21 485,000 478,694 0.013%

Crown Castle International, REIT 6,341 915,640 0.024%

Crown Castle Towers 3.66 5/15/25 485,000 493,027 0.013%



CSL 13,596 2,464,571 0.065%

Cummins 21,436 2,900,720 0.076%

CVS Health 46,055 2,732,443 0.072%

CyberAgent 107,500 4,166,258 0.110%

Dallas/Fort Worth International Airport 2.99 11/1/38 1,155,000 1,092,110 0.029%

Danaher 211,875 29,325,619 0.771%

Danone 2.95 11/2/26 1,925,000 1,904,512 0.050%

Danske Bank 3.24 12/20/25 2,940,000 2,757,629 0.073%

Darden Restaurants 3,975 216,479 0.006%

DBS Group 212,500 2,772,732 0.073%

DCC 62,291 3,890,134 0.102%

Deephaven Residential Mortgage Trust 2018-1 2.98 12/25/57 434,593 429,526 0.011%

Deephave Residential Mortgage Trust 2019-2 3.56 4/25/59 920,762 895,744 0.024%

Page 4 of 21

Deere 50,900 7,032,344 0.185%

Delta Air Lines 3.8 4/19/23 765,000 719,100 0.019%

Denso 52,900 1,690,392 0.044%

Detroit City School District 6.65 5/1/29 2,000,000 2,321,860 0.061%

Deutsche Wohnen 56,448 2,139,309 0.056%

Diageo 217,923 6,910,219 0.182%

Diamondback Energy 2.88 12/1/24 2,485,000 1,764,350 0.046%

Digital Realty Trust, REIT 32,727 4,546,108 0.120%

Direct Line Insurance 984,500 3,594,110 0.094%

Discover Bank 2.7 2/6/30 2,000,000 1,770,412 0.047%

Discover Financial Services 3.75 3/4/25 590,000 582,664 0.015%

DISH Network 5,980 119,540 0.003%

DNB 569,025 6,339,470 0.167%

DocuSign 21,981 2,031,044 0.053%

Dollar General 60,324 9,109,527 0.239%

Dollar Tree 44,958 3,303,064 0.087%

Dominion Energy 2.58 7/1/20 640,000 639,116 0.017%

Dominion Energy 2.75 9/15/22 200,000 198,864 0.005%

Dominion Energy 6,100 440,359 0.012%

Dow Chemical 3.15 5/15/24 935,000 946,299 0.025%

Duke Energy 2.65 9/1/26 640,000 635,374 0.017%

Duke Energy 3.75 9/1/46 500,000 493,470 0.013%

DuPont de Nemours 66,037 2,251,862 0.059%

Eaton Vance 3.63 6/15/23 750,000 766,543 0.020%

Edison International 139,344 7,634,658 0.201%

Elanco Animal Health 4,131 170,307 0.004%

Elanco Animal Health 4.66 8/27/21 370,000 365,795 0.010%

Elanco Animal Health 280,506 6,280,529 0.165%

Elara Hgv Timeshare Issuer 2017 2.69 3/25/30 421,246 411,349 0.011%

Electric Power development 181,500 3,637,574 0.096%

Electronic Arts 28,058 2,810,570 0.074%

Elekta 355,142 2,895,249 0.076%

Element Fleet Management 814,633 5,186,607 0.136%

Eli Lilly 3,196 443,349 0.012%

Ellington Financial Mortgage Trust 2019-2 3.05 11/25/59 947,960 910,642 0.024%

Enbridge 4 10/1/23 690,000 678,262 0.018%

Enbridge 4.25 12/1/26 590,000 528,681 0.014%

Enbridge 76,800 2,234,112 0.059%

Enbridge Energy Partners 5.5 9/15/40 245,000 210,762 0.006%

Enel Finance International 2.75 4/6/23 1,665,000 1,606,335 0.042%

Energy Transfer Operating 5.25 4/15/29 1,225,000 1,036,473 0.027%

Energy Transfer Operating 3.75 5/15/30 765,000 597,656 0.016%

Engie 613,210 6,279,557 0.165%

Eni 4 9/12/23 780,000 773,351 0.020%

Entergy 63,978 6,012,013 0.158%

Enterprise Fleet Financing 2.13 7/20/22 3,953 3,950 0.000%

Envista Holdings 103,095 1,540,239 0.040%

EOG Resources 2.63 3/15/23 500,000 489,922 0.013%

EOG Resources 111,263 3,996,567 0.105%

Equifax 28,607 3,417,106 0.090%

Equinix, REIT 1,447 903,753 0.024%

Equinor 466,163 5,811,254 0.153%

Equitable Holdings 3.9 4/20/23 735,000 733,703 0.019%

Equitable Holdings 378,990 5,476,406 0.144%

Equity Residential, REIT 16,039 989,767 0.026%

ERAC USA Finance 3.85 11/15/24 435,000 440,174 0.012%

ERAC USA Finance 4.5 2/15/45 505,000 471,469 0.012%

Erste Group Bank 85,126 1,558,463 0.041%

Essex Portfolio 2.65 3/15/32 1,430,000 1,262,706 0.033%

E*TRADE Financial 120,910 4,149,631 0.109%

Eutelsat Communications 24,333 252,946 0.007%

Eversource Energy 1,846 144,376 0.004%

Evotec 89,165 1,935,759 0.051%

Exact Sciences 15,400 893,200 0.023%

Express Scripts Holding 2.6 11/30/20 1,930,000 1,929,097 0.051%

ExxonMobil 66,112 2,510,273 0.066%

Facebook 300,752 50,165,434 1.319%

Fannie Mae Connecticut Avenue Securities 1.63 10/25/30 239,430 235,285 0.006%

Fannie Mae Connecticut Avenue Securities 2.05 11/25/29 3,110,000 2,780,163 0.073%

Fannie Mae REMICS 4 6/25/44 1,038,331 1,073,576 0.028%

Federal Home Loan Mortgage 6 10/1/32 2,903 3,214 0.000%

Federal Home Loan Mortgage 4.41 10/1/36 14,182 14,284 0.000%

Page 5 of 21










Federal Home Loan Mortgage 6 11/1/37 301 347 0.000%


Federal Home Loan Mortgage 3.5 11/1/42 1,574,935 1,691,676 0.044%
















Federal Home Loan Mortgage 3 12/1/42 1,815,109 1,920,754 0.050%


Federal Home Loan Mortgage 3.5 12/1/43 947,678 1,020,181 0.027%





























Federal Home Loan Mortgage 3 8/1/43 951,556 1,006,235 0.026%


Federal National Mortgage Assn. 4.5 10/1/20 207 216 0.000%

Federal National Mortgage Assn. 4.5 10/1/26 98,106 103,728 0.003%

Federal National Mortgage Assn. 7 10/1/29 463 480 0.000%



Federal National Mortgage Assn. 5 10/1/34 253,743 281,173 0.007%



Federal National Mortgage Assn. 3 10/1/37 1,785,480 1,888,314 0.050%




Page 6 of 21






Federal National Mortgage Assn. 4.5 10/1/48 1,983,035 2,132,887 0.056%

























































Federal National Mortgage Assn. 7 12/1/27 986 1,125 0.000%










Page 7 of 21









































































Page 8 of 21





Federal National Mortgage Assn. 5.5 5/1/44 902,705 1,021,959 0.027%































Federal National Mortgage Assn. 3.5 7/1/45 993,117 1,058,905 0.028%
















Federal National Mortgage Assn. 4 8/1/46 946,997 1,021,389 0.027%





















Page 9 of 21










Federal Realty Investment Trust 2.75 6/1/23 1,500,000 1,533,035 0.040%

Ferrari 9,615 1,466,961 0.039%

Fidelity National Financial 4.5 8/15/28 2,065,000 2,276,724 0.060%

Fidelity National Information Services 4.25 5/15/28 2,590,000 2,840,629 0.075%

Fidelity National Information Services 133,084 16,188,338 0.426%

Fifth Third Bancorp 3.5 3/15/22 340,000 343,400 0.009%

Fifth Third Bancorp 377,348 5,603,618 0.147%

Fifth Third Bank/Cincinnati OH 3.35 7/26/21 2,665,000 2,697,372 0.071%

First American Financial 4.6 11/15/24 415,000 463,393 0.012%

FirstEnergy Transmission 4.35 1/15/25 1,310,000 1,331,360 0.035%

First Republic Bank 12,406 1,020,766 0.027%

Fiserv 3.2 7/1/26 1,100,000 1,133,987 0.030%

Fiserv 131,141 12,457,084 0.328%

FleetCor Technologies 16,032 2,990,609 0.079%

FLIR Systems 8,849 282,195 0.007%

Flowserve 40,531 968,286 0.025%

FMR 4.95 2/1/33 740,000 852,285 0.022%

Fontainebleau Miami Beach Trust 2019-FBLU 3.75 12/10/36 2,635,000 2,105,523 0.055%

Ford Motor Credit 5.75 2/1/21 600,000 581,899 0.015%

Fortive 824 594,711 0.016%

Fortive 33,940 1,873,149 0.049%

Freddie Mac Multifamily Structured PTCs 1.75 2/25/22 1,440,424 1,451,981 0.038%



Freddie Mac Multifamily Structured PTCs 2.78 4/25/23 377,126 386,927 0.010%


Freddie Mac Multifamily Structured PTCs 1.79 9/25/22 744,161 750,607 0.020%

Freddie Mac Stacr Remic Trust 2019-Hqa4 1.72 11/25/49 738,350 713,801 0.019%

Freddie Mac STACR Trust 2019-HQA2 1.65 4/25/49 31,679 31,405 0.001%

Freddie Mac Structured Agency Credit Risk debt Notes 3.55 12/25/27 17,878 17,826 0.000%



Fresenius 161,719 6,021,235 0.158%

Fresnillo 5.5 11/13/23 805,000 803,990 0.021%

Galton Funding Mortgage Trust 2017-1 3.5 11/25/57 703,278 697,315 0.018%

Galton Funding Mortgage Trust 2019-1 4 2/25/59 642,941 638,081 0.017%

Galton Funding Mortgage Trust 2019-H1 2.66 10/25/59 1,588,241 1,572,045 0.041%

Galton Funding Mortgage Trust 2019-H1 2.96 10/25/59 1,431,427 1,416,930 0.037%

GATX 4.35 2/15/24 2,105,000 2,250,453 0.059%

GATX 4.85 6/1/21 1,000,000 1,030,457 0.027%

GE 3,148,156 24,996,359 0.657%

Ge Capital International Funding Co Unlimited 2.34 11/15/20 877,000 873,058 0.023%

Ge Capital International Funding Co Unlimited 4.42 11/15/35 2,200,000 2,373,831 0.062%

General Electric 5.3 2/11/21 232,000 235,673 0.006%

General Motors 4 4/1/25 1,120,000 943,579 0.025%

General Motors Financial 3.45 1/14/22 1,400,000 1,308,471 0.034%

General Motors Financial 4.2 11/6/21 1,335,000 1,269,119 0.033%

George Washington University 4.3 9/15/44 975,000 1,119,388 0.029%

Gilead Sciences 3.25 9/1/22 875,000 900,232 0.024%

Gilead Sciences 27,643 2,066,591 0.054%

GlaxoSmithKline, ADR 246,465 9,338,559 0.246%

Global Payments 95,373 13,755,648 0.362%

GM Financial Consumer Automobile Receivables Trust 2018-2 2.81 12/16/22 1,804,915 1,805,639 0.047%

GN Store Nord 82,661 3,665,034 0.096%

Goldman Sachs 6.75 10/1/37 700,000 922,320 0.024%

Goldman Sachs 5.75 1/24/22 380,000 403,509 0.011%

Goldman Sachs 3 4/26/22 3,935,000 3,944,759 0.104%

Goldman Sachs 2.75 9/15/20 1,300,000 1,303,250 0.034%

Goldman Sachs 17,781 2,748,765 0.072%

Government National Mortgage Assn. 8 10/15/23 440 470 0.000%

Government National Mortgage Assn. 5 10/15/34 563,807 625,843 0.016%



Page 10 of 21

Government National Mortgage Assn. 3.5 10/20/44 79,653 85,623 0.002%



Government National Mortgage Assn. 3 10/20/46 2,498,853 2,674,786 0.070%






Government National Mortgage Assn. 7.5 11/15/25 69 75 0.000%



Government National Mortgage Assn. 4.5 11/20/40 1,181,885 1,302,152 0.034%























Government National Mortgage Assn. 4 2/15/41 971,509 1,055,142 0.028%






















Government National Mortgage Assn. 4.5 3/20/47 989,453 1,072,214 0.028%















Page 11 of 21




















Government National Mortgage Assn. 3.5 6/20/46 983,336 1,045,044 0.027%






































Government National Mortgage Association 3 11/20/47 540,839 567,956 0.015%

Government National Mortgage Association 3 12/20/47 705,396 738,778 0.019%

Government National Mortgage Association 1.07 9/20/48 741,003 732,902 0.019%

GreatAmerica Leasing Receivables Funding LLC Series 2018-1 2.6 6/15/21 295,073 295,321 0.008%

Great Portland Estates 380,157 3,202,869 0.084%

Great Wolf Trust 2019-WOLF 2.34 12/15/36 1,130,000 983,362 0.026%

GS Mortgage Securities Trust 2015-GC32 3.76 7/10/48 950,000 983,860 0.026%

GS Mortgage Securities Trust 2018-GS9 3.99 3/10/51 1,250,000 1,340,609 0.035%

GS Mortgage Securities Trust 2019-GSA1 3.51 11/10/52 1,736,000 1,519,232 0.040%

Halliburton 101,986 698,604 0.018%

Hamamatsu Photonics KK 108,300 4,400,728 0.116%

Hardee s Funding 4.25 6/20/48 792,925 761,041 0.020%

Hardee s Funding 4.96 6/20/48 1,955,225 1,740,072 0.046%

Hartford Financial Services 43,700 1,539,988 0.040%

Hasbro 3 11/19/24 1,550,000 1,569,465 0.041%

Page 12 of 21

HCA 4.13 6/15/29 1,895,000 1,895,000 0.050%

HCA Healthcare 68,738 6,176,109 0.162%

Healthcare Realty Trust 3.63 1/15/28 1,075,000 1,033,463 0.027%

Healthcare Realty Trust 3.75 4/15/23 1,010,000 1,023,278 0.027%

Heathrow Funding 4.88 7/15/21 935,000 970,982 0.026%

High Street Funding Trust I 4.11 2/15/28 1,800,000 2,024,402 0.053%

Hilton Worldwide Holdings 68,564 4,678,807 0.123%

Hologic 21,747 763,320 0.020%

Home Depot 25,150 4,695,757 0.123%

Homeward Opportunities Fund I Trust 2018-1 3.77 6/25/48 806,459 778,831 0.020%

Homeward Opportunities Fund I Trust 2019-1 3.45 1/25/59 1,872,749 1,801,591 0.047%

Homeward Opportunities Fund I Trust 2019-3 2.68 11/25/59 998,612 950,158 0.025%

Homeward Opportunities Fund I Trust 2019-3 3.03 11/25/59 1,003,214 954,914 0.025%

Honda Motor 104,800 2,345,052 0.062%

Honeywell International 57,118 7,641,817 0.201%

HSBC Bank USA NA/New York NY 5.88 11/1/34 950,000 1,181,492 0.031%

HSBC Holdings 3.26 3/13/23 1,800,000 1,802,837 0.047%

Humana 365 114,617 0.003%

Hyatt Hotels 3.38 7/15/23 275,000 253,688 0.007%

Hydro-Quebec 8.4 1/15/22 200,000 225,084 0.006%

Hyundai Auto Receivables Trust 2018 2.79 7/15/22 928,669 928,097 0.024%

Hyundai Capital America 3.45 3/12/21 3,145,000 3,138,556 0.083%

IAC/InterActiveCorp 16,167 2,897,611 0.076%

Iberdrola International BV 6.75 9/15/33 1,000,000 1,425,906 0.037%

IGO 1,253,302 3,219,679 0.085%

IHS Markit 2,407 144,420 0.004%

Illinois State Toll Highway Authority 6.18 1/1/34 470,000 620,438 0.016%

Illinois Tool Works 3.9 9/1/42 1,200,000 1,324,158 0.035%

Illinois Tool Works 3,935 559,242 0.015%

Incyte 22,382 1,639,034 0.043%

Indonesia Government International Bond 4.88 5/5/21 1,000,000 1,012,580 0.027%

Ingersoll-Rand 24,900 617,520 0.016%

Ing Groep 3.15 3/29/22 560,000 563,638 0.015%

ING Groep 680,578 3,487,349 0.092%

Inland Valley development Agency 5.5 3/1/33 695,000 778,018 0.020%

Intel 67,300 3,642,276 0.096%

Intercontinental Exchange 2.75 12/1/20 965,000 966,206 0.025%

Intercontinental Exchange 3.45 9/21/23 1,440,000 1,482,805 0.039%

Intercontinental Exchange 90,334 7,294,471 0.192%

International Paper 4.4 8/15/47 1,180,000 1,180,473 0.031%

International Paper 60,411 1,880,594 0.049%

Interpublic Group of 4 3/15/22 450,000 454,302 0.012%

Interpublic Group of 4.2 4/15/24 585,000 597,825 0.016%

Intesa Sanpaolo 3.38 1/12/23 660,000 622,845 0.016%

Intesa Sanpaolo 3.13 7/14/22 1,875,000 1,771,534 0.047%

Intesa Sanpaolo 1,637,739 2,649,964 0.070%

Intuit 58,019 13,344,370 0.351%

Intuitive Surgical 25,737 12,745,220 0.335%

Invesco Finance 3.13 11/30/22 480,000 480,324 0.013%

Ipsen 36,626 1,877,443 0.049%

Jacobs Engineering Group 64,700 5,128,769 0.135%

JBG SMITH Properties, REIT 7,012 223,192 0.006%

J.B. Hunt Transport Services 18,507 1,706,901 0.045%

Jimmy Johns Funding 3.61 7/30/47 507,000 500,769 0.013%

JobsOhio Beverage System 3.99 1/1/29 1,225,000 1,256,691 0.033%

John deere Capital 2.35 1/8/21 1,255,000 1,256,369 0.033%

Johnson Controls International 38,500 1,037,960 0.027%

Johnson & Johnson 57,267 7,509,422 0.197%

Johnson Matthey 182,665 4,024,841 0.106%

JOYY, ADR 63,873 3,401,876 0.089%

JPMBB Commercial Mortgage Securities Trust 2015-C31 3.8 8/15/48 2,425,000 2,588,608 0.068%

JPMorgan Chase 4.5 1/24/22 2,000,000 2,089,944 0.055%

JPMorgan Chase 3.56 4/23/24 1,875,000 1,947,949 0.051%

JPMorgan Chase 3.38 5/1/23 1,080,000 1,120,440 0.029%

JPMorgan Chase 165,179 14,871,065 0.391%

JP Morgan Mortgage Trust 2019-INV3 3.5 5/25/50 3,377,282 3,347,029 0.088%

JP Morgan Mortgage Trust 2019-INV3 3.5 5/25/50 2,915,228 2,948,757 0.078%

Kaiser Foundation Hospitals 3.5 4/1/22 625,000 641,018 0.017%

Kansas City Southern 2.88 11/15/29 2,115,000 2,049,924 0.054%

Kansas City Southern 7,362 936,299 0.025%

Kering 8,389 4,374,139 0.115%

Keurig Dr Pepper 3.55 5/25/21 1,710,000 1,729,020 0.045%

Page 13 of 21

Keurig Dr Pepper 47,299 1,147,947 0.030%

KeyBank NA/Cleveland OH 3.35 6/15/21 2,675,000 2,725,108 0.072%

Keysight Technologies 76,474 6,399,344 0.168%

Kilroy Realty 4.38 10/1/25 480,000 525,864 0.014%

Kilroy Realty 3.45 12/15/24 1,350,000 1,442,201 0.038%

Kimberly-Clark 12,936 1,654,126 0.043%

Kingfisher 1,937,211 3,402,724 0.089%

Kion 55,522 2,389,554 0.063%

Kirin Holdings 155,400 3,069,191 0.081%

KKR 23,447 550,301 0.014%

KLA 1,682 241,771 0.006%

Knorr-Bremse 36,606 3,218,255 0.085%

Koninklijke Philips 380,233 15,611,379 0.410%

KT 104,046 1,683,978 0.044%

L3Harris Technologies 3.83 4/27/25 570,000 593,093 0.016%

L3Harris Technologies 21,046 3,790,806 0.100%

Lam Research 21,034 5,048,160 0.133%

Largan Precision 28,000 3,535,539 0.093%

Legrand 53,440 3,408,512 0.090%

Liberty Broadband 19,444 2,152,840 0.057%

Liberty Mutual 4.25 6/15/23 410,000 421,630 0.011%

Liberty Mutual 4.85 8/1/44 1,700,000 1,777,097 0.047%

Linde 118,520 20,503,960 0.539%

Lloyds Banking Group 11,342,526 4,434,361 0.117%

LM Ericsson 909,420 7,361,721 0.194%

L'Oreal 33,958 8,788,709 0.231%

Lowe's 16,920 1,455,966 0.038%

lululemon athletica 15,924 3,018,394 0.079%

Macquarie Group 80,138 4,267,989 0.112%

Magna International 187,186 5,974,977 0.157%

Magnetite XXIII 3.17 10/25/32 2,020,000 1,927,256 0.051%

Manufacturers & Traders Trust 2.16 12/28/20 834,000 832,632 0.022%

Manufacturers & Traders Trust 3.4 8/17/27 250,000 249,004 0.007%

Marathon Petroleum 27,556 650,873 0.017%

Marriott 56,752 4,245,617 0.112%

Marsh & McLennan 3.5 6/3/24 3,060,000 3,151,121 0.083%

Marsh & McLennan 95,054 8,218,369 0.216%

Marvell Technology Group 114,515 2,591,474 0.068%

Maryland HHEFA 4.67 7/1/36 1,800,000 2,105,208 0.055%

MassMutual Global Funding II 1.95 9/22/20 1,496,000 1,501,218 0.039%

MasterCard 96,432 23,294,114 0.612%

Match 640 42,266 0.001%

Maxim Integrated Products 10,406 505,836 0.013%

Mayo Clinic 4 11/15/47 1,500,000 1,897,899 0.050%

McDonald s 1.45 9/1/25 940,000 898,653 0.024%

McDonald's 61,127 10,107,349 0.266%

McKesson 5,395 729,728 0.019%

MedStar Health 3.63 8/15/49 905,000 975,699 0.026%

Medtronic 37,570 3,388,063 0.089%

Meggitt 1,049,955 3,774,234 0.099%

Melrose Industries 2,295,680 2,551,034 0.067%

Merck 68,022 5,233,613 0.138%

MetLife 156,006 4,769,103 0.125%

Metropolitan Life Global Funding I 3.45 10/9/21 2,605,000 2,623,597 0.069%

Metropolitan Transportation Authority 7.34 11/15/39 240,000 343,390 0.009%

Metropolitan Transportation Authority 5.87 11/15/39 700,000 916,811 0.024%

Metropolitan Water Reclamation District of Greater Chicago 5.72 12/1/38 500,000 674,520 0.018%

MGM Resorts International 34,539 407,560 0.011%

Microchip Technology 3.92 6/1/21 650,000 629,522 0.017%

Micron Technology 4.19 2/15/27 2,940,000 2,973,075 0.078%

Micron Technology 235,578 9,908,411 0.261%

Microsoft 598,105 94,327,140 2.480%

Mid-Atlantic Interstate Transmission 4.1 5/15/28 2,640,000 2,760,138 0.073%

Mill City Mortgage Loan Trust 2016-1 2.5 4/25/57 109,108 108,185 0.003%

Mill City Mortgage Loan Trust 2018-1 3.25 5/25/62 1,357,662 1,369,437 0.036%

Mississippi Power 3.95 3/30/28 1,435,000 1,470,416 0.039%

Mitsubishi Corporation 190,400 4,027,385 0.106%

Mitsubishi Electric 755,500 9,229,355 0.243%

Mitsubishi Ufj Financial 2.19 2/25/25 2,200,000 2,178,711 0.057%

Mitsubishi Ufj Financial 3.54 7/26/21 3,420,000 3,504,228 0.092%

Mitsubishi UFJ Financial 980,000 3,666,722 0.096%

Mitsubishi UFJ Lease & Finance 539,700 2,641,724 0.069%

Page 14 of 21

Mitsui Fudosan 366,600 6,347,575 0.167%

Mmaf Equipment Finance Llc 2017 2.21 10/17/22 959,824 954,867 0.025%

Moncler 152,972 5,558,806 0.146%

Mondelez International 78,926 3,952,614 0.104%

Monster Beverage 44,808 2,520,898 0.066%

Morgan Stanley 4.3 1/27/45 1,150,000 1,398,688 0.037%

Morgan Stanley 3.97 7/22/38 1,445,000 1,556,988 0.041%

Morgan Stanley 6.25 8/9/26 755,000 903,235 0.024%

Morgan Stanley 384,749 13,081,466 0.344%

Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17 4.46 8/15/47 1,670,000 1,651,816 0.043%



Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30 2.86 9/15/49 495,000 494,204 0.013%

Morgan Stanley Capital I Trust 2015-MS1 3.78 5/15/48 1,440,000 1,504,366 0.040%

Morgan Stanley Capital I Trust 2019-MEAD 3.18 11/10/36 2,090,000 1,767,064 0.046%

Morocco Government International Bond 4.25 12/11/22 1,400,000 1,393,727 0.037%

Motorola Solutions 61,915 8,229,742 0.216%

Mplx 2.1 9/9/22 2,250,000 2,255,625 0.059%

MSCI 4,600 1,329,216 0.035%

M&T Bank 3.55 7/26/23 2,740,000 2,883,455 0.076%

Munich Re 43,189 8,684,039 0.228%

Murata Manufacturing 112,100 5,573,025 0.147%

MVW Owner Trust 2013-1 2.15 4/22/30 49,231 49,196 0.001%

National Bank of Canada 165,170 6,383,569 0.168%

National Grid 484,312 5,658,824 0.149%

National Rural Utilities Cooperative Finance 2.9 3/15/21 3,220,000 3,224,141 0.085%

National Rural Utilities Cooperative Finance 2.35 6/15/20 725,000 726,469 0.019%

NAVER 21,095 2,932,931 0.077%

Navient Private Education Refi Loan Trust 2019 3.13 2/15/68 1,980,000 1,949,082 0.051%

Navient Private Education Refi Loan Trust 2019-F 2.6 8/15/68 2,030,000 2,051,811 0.054%

Navient Private Education Refi Loan Trust 2019-G 2.4 10/15/68 3,912,044 3,940,917 0.104%

Nestle 303,881 31,107,625 0.818%

Netflix 52,980 19,893,990 0.523%

New Jersey Turnpike Authority 7.41 1/1/40 415,000 607,560 0.016%

Newmont 3.63 6/9/21 1,260,000 1,245,393 0.033%

New Orleans Hotel Trust 2019-HNLA 2.29 4/15/32 845,000 695,217 0.018%

New Residential Mortgage Loan Trust 2019-NQM5 2.71 11/25/59 2,250,395 2,223,536 0.058%

New York City Transitional Finance Authority Future Tax Secured Revenue 5.51 8/1/37 950,000 1,240,881 0.033%

New York City Water & Sewer System 6.01 6/15/42 245,000 363,315 0.010%

New York Life Global Funding 3.25 8/6/21 2,095,000 2,130,056 0.056%

New York State dormitory Authority 5.63 3/15/39 1,300,000 1,537,874 0.040%

NextEra Energy 136,695 32,891,551 0.865%

Nike 72,540 6,001,960 0.158%

Nippon Telegraph & Telephone 730,500 17,471,088 0.459%

NiSource 3.95 3/30/48 1,775,000 1,809,898 0.048%

NiSource 3.49 5/15/27 1,730,000 1,750,753 0.046%

NiSource 155,765 3,889,452 0.102%

Nordea Bank Abp 2.13 5/29/20 1,500,000 1,498,386 0.039%

Norfolk Southern 3 4/1/22 1,085,000 1,080,052 0.028%

Norfolk Southern 35,812 5,228,552 0.137%

Northrop Grumman 15,328 4,637,486 0.122%

NortonLifeLock 136,338 2,550,884 0.067%

Novartis 219,802 18,133,415 0.477%

Novartis, ADR 4,881 402,438 0.011%

Novo Nordisk 55,872 3,336,458 0.088%

Novo Nordisk, ADR 4,900 294,980 0.008%

Nstar Electric 2.38 10/15/22 565,000 562,616 0.015%

Nucor 3.95 5/1/28 2,140,000 2,295,629 0.060%

Nutrien 4 12/15/26 830,000 1,001,305 0.026%

NVIDIA 64,619 17,033,568 0.448%

NVR 256 657,692 0.017%

NXP Semiconductors 176,872 14,667,995 0.386%

OBX 2019-EXP3 Trust 3.5 10/25/59 992,107 975,033 0.026%

OBX 2019-EXP3 Trust 2.05 10/25/59 594,499 564,055 0.015%

Occidental Petroleum 3 2/15/27 2,320,000 1,102,000 0.029%

Occidental Petroleum 2.6 8/13/21 270,000 216,000 0.006%

Occidental Petroleum 2.9 8/15/24 2,680,000 1,480,700 0.039%

Occidental Petroleum 44,982 520,892 0.014%

Octagon Investment Partners XXIII 2.68 7/15/27 1,320,000 1,270,200 0.033%

Omnicom Group Inc / Omnicom Capital 3.6 4/15/26 830,000 827,244 0.022%

Omron 78,700 4,069,002 0.107%

Oracle 20,466 989,122 0.026%

Page 15 of 21

O Reilly Automotive 4.88 1/14/21 1,000,000 1,010,906 0.027%

O Reilly Automotive 3.8 9/1/22 370,000 373,903 0.010%

O Reilly Automotive 3.6 9/1/27 1,825,000 1,834,163 0.048%

O'Reilly Automotive 4,750 1,429,988 0.038%

Otsuka Holdings 166,500 6,496,560 0.171%

OZLM VIII 3.01 10/17/29 1,945,000 1,866,934 0.049%

OZLM VIII 3.64 10/17/29 1,295,000 1,201,113 0.032%

PACCAR 37,451 2,289,380 0.060%

PACCAR Financial 3.1 5/10/21 2,190,000 2,186,625 0.057%

PacifiCorp 3.85 6/15/21 900,000 918,290 0.024%

Packaging Corp of America 4.5 11/1/23 395,000 430,112 0.011%

Packaging Corp of America 3.65 9/15/24 785,000 824,138 0.022%

Packaging Corporation of America 80,824 7,017,948 0.185%

Panasonic 523,300 3,961,596 0.104%

Parker-Hannifin 4,300 557,839 0.015%

Paycom Software 5,550 1,121,156 0.029%

PayPal Holdings 2.4 10/1/24 2,720,000 2,663,884 0.070%

PayPal Holdings 115,237 11,032,790 0.290%

Penske Truck Leasing Co Lp / PTL Finance 3.2 7/15/20 1,250,000 1,255,083 0.033%

PepsiCo 46,538 5,589,214 0.147%

Persimmon 152,959 3,615,738 0.095%

Pertamina Persero PT 4.3 5/20/23 1,250,000 1,249,951 0.033%

Perusahaan Gas Negara 5.13 5/16/24 1,105,000 1,088,367 0.029%

Pfizer 151,855 4,956,547 0.130%

Philadelphia Authority for Industrial development 3.96 4/15/26 805,000 868,273 0.023%

Philip Morris International 99,755 7,278,125 0.191%

PICC Property & Casualty 6,342,000 6,072,976 0.160%

Ping An Insurance 427,000 4,170,195 0.110%

Pioneer Natural Resources 10,654 747,378 0.020%

Planet Fitness Master Issuer 4.26 9/5/48 3,078,125 2,900,917 0.076%

PNC Bank NA 3.5 6/8/23 1,330,000 1,355,806 0.036%

PNC Financial Services 3.3 3/8/22 1,100,000 1,152,730 0.030%

PNC Financial Services Group 42,447 4,063,027 0.107%

Pola Orbis Holdings 69,800 1,283,233 0.034%

Port Authority of New York & New Jersey 5.31 8/1/46 1,400,000 1,484,224 0.039%

PPG Industries 65,850 5,505,060 0.145%

PPL Capital Funding 3.1 5/15/26 2,200,000 2,146,080 0.056%

Pricoa Global Funding I 3.45 9/1/23 2,650,000 2,668,926 0.070%

Principal Financial 3.4 5/15/25 2,460,000 2,433,262 0.064%

Procter & Gamble 82,578 9,083,580 0.239%

Progress Energy 4.4 1/15/21 450,000 452,277 0.012%

Progressive 18,866 1,393,065 0.037%

Prologis, REIT 268,966 21,616,797 0.568%

Providence Health & Services Obligated 4.38 10/1/23 1,310,000 1,467,825 0.039%

Province of Quebec Canada 3.5 7/29/20 750,000 756,548 0.020%

Prysmian 196,762 3,123,971 0.082%

Public Service Co of Colorado 3.2 11/15/20 325,000 324,839 0.009%

Public Storage, REIT 5,544 1,101,094 0.029%

Qualcomm 242,505 16,405,463 0.431%

QUALCOMM 3.25 5/20/27 1,120,000 1,180,581 0.031%

QVC 4.45 2/15/25 140,000 119,000 0.003%

QVC 4.38 3/15/23 770,000 738,238 0.019%

QVC 4.85 4/1/24 1,645,000 1,418,813 0.037%

Raymond James Financial 3.63 9/15/26 210,000 209,138 0.005%

Raymond James Financial 13,599 859,457 0.023%

Recruit Holdings 196,200 5,068,095 0.133%

Regeneron Pharmaceuticals 2,307 1,126,485 0.030%

Reinsurance Group of America 5 6/1/21 630,000 647,165 0.017%

REI - SECURITY LENDING COLLATERAL 1,203,160 12,031,597 0.316%

RELX Capital 3.5 3/16/23 840,000 874,907 0.023%

Renesas Electronics 322,600 1,147,511 0.030%

Republic of Poland Government International Bond 3.25 4/6/26 1,030,000 1,115,466 0.029%

Republic of South Africa Government International Bond 5.88 9/16/25 495,000 477,470 0.013%

Republic Services 3.38 11/15/27 1,045,000 1,060,647 0.028%

Restaurant Brands International 1,325 53,040 0.001%

Rio Tinto 38,567 1,986,954 0.052%

Roche Holding 64,126 20,632,039 0.542%

Roche Holding, ADR 8,417 341,478 0.009%

Rockwell Automation 11,700 1,765,647 0.046%

Rogers Communications 3.63 12/15/25 610,000 644,181 0.017%

Roper Technologies 3 12/15/20 1,160,000 1,162,170 0.031%

Roper Technologies 3.8 12/15/26 1,085,000 1,118,395 0.029%

Page 16 of 21

Roper Technologies 2.95 9/15/29 380,000 376,650 0.010%

Roper Technologies 31,196 9,727,225 0.256%

Ross Stores 97,939 8,517,755 0.224%

Royal Dutch Shell, ADR 141,021 4,605,746 0.121%

RPM 8,449 502,716 0.013%

Rsa Insurance 416,908 2,175,594 0.057%

Sabine Pass Liquefaction 4.2 3/15/28 1,335,000 1,154,775 0.030%

Safran 35,579 3,152,199 0.083%

Salesforce.com 117,709 16,947,742 0.446%

Sampo 126,286 3,643,208 0.096%

Samsonite International 1,580,100 1,479,496 0.039%

Samsung Electronics 289,632 11,261,334 0.296%

San Diego Gas & Electric 4.1 6/15/49 2,570,000 2,857,683 0.075%

Sanofi 115,475 9,997,245 0.263%

Santander Drive Auto Receivables Trust 2018-2 3.03 9/15/22 461,035 461,172 0.012%

Santander Retail Auto Lease Trust 2019 2.77 6/20/22 1,365,000 1,368,355 0.036%

Santander UK 3.75 11/15/21 1,360,000 1,323,538 0.035%

SAP 80,663 9,005,865 0.237%

SBA Communications, REIT 900 242,973 0.006%

SBA Tower Trust 2.84 1/15/25 1,135,000 1,089,220 0.029%

Scentre 1,318,863 1,263,243 0.033%

Schlumberger 22,740 306,763 0.008%

Sealed Air 11,764 290,688 0.008%

Seasoned Credit Risk Transfer Trust Series 2016-1 3 9/25/55 530,000 491,912 0.013%

Seattle Genetics 4,744 547,363 0.014%

Sempra Energy 10,500 985,304 0.026%

Sempra Energy 5,577 523,717 0.014%

Sempra Energy 149,959 16,943,867 0.445%

Sequoia Mortgage Trust 2018-CH1 3.5 2/25/48 833,594 824,487 0.022%

Sequoia Mortgage Trust 2018-CH2 4 6/25/48 1,761,345 1,775,587 0.047%

ServiceNow 45,649 13,082,090 0.344%

Seven & i Holdings 205,500 6,786,620 0.178%

SG Residential Mortgage Trust 2019-3 2.7 9/25/59 1,180,511 1,139,338 0.030%

Sherwin-Williams 4,407 2,025,105 0.053%

Shire Acquisitions Investments Ireland DAC 2.88 9/23/23 2,870,000 2,932,741 0.077%

Siemens 148,308 12,418,598 0.326%

Siemens Healthineers 133,013 5,141,825 0.135%

Sierra Timeshare 2015-3 Receivables Funding 2.58 9/20/32 86,232 85,496 0.002%

Simon Property Group, REIT 11,983 657,387 0.017%

SL Green Realty, REIT 7,376 317,906 0.008%

SMBC Aviation Capital Finance DAC 4.13 7/15/23 422,000 444,016 0.012%

Smb Private Education Loan Trust 2018 3.6 1/15/37 1,203,785 1,192,178 0.031%

SMC 9,200 3,857,041 0.101%

Snap-On 4,089 444,965 0.012%

SOFTBANK GROUP CORP 84,500 2,991,501 0.079%

Sonic Capital 4.03 2/20/48 251,600 250,518 0.007%

Sony 84,800 5,023,009 0.132%

South32 1,783,194 1,968,488 0.052%

South Carolina Public Service Authority 5.78 12/1/41 2,000,000 2,602,880 0.068%

Southeast Supply Header 4.25 6/15/24 905,000 1,002,851 0.026%

Southern 49,819 2,298,555 0.060%

Southern Company 198,184 10,729,682 0.282%

Spectra Energy Partners 3.38 10/15/26 480,000 442,690 0.012%

Spectra Energy Partners 4.75 3/15/24 1,145,000 1,080,673 0.028%

S&P Global 16,693 4,090,620 0.108%

Splunk 35,065 4,426,255 0.116%

Spotify Technology 13,037 1,583,213 0.042%

Standard Chartered 322,432 1,782,656 0.047%

Stanley Black & Decker 5,900 590,000 0.016%

Stanley Electric 153,300 3,009,076 0.079%

Starbucks 23,046 1,515,044 0.040%

Starwood Mortgage Residential Trust 2019-IMC1 3.47 2/25/49 914,680 910,163 0.024%

Starwood Mortgage Residential Trust 2019-INV1 2.61 9/27/49 298,575 284,537 0.007%

Starwood Mortgage Residential Trust 2019-INV1 2.92 9/27/49 699,518 666,695 0.018%

State Grid Overseas Investment 2016 3.75 5/2/23 1,175,000 1,226,899 0.032%

State Grid Overseas Investment 2016 2.25 5/4/20 2,225,000 2,226,150 0.059%

State of California 7.63 3/1/40 2,200,000 3,549,260 0.093%

State Street 3.1 5/15/23 265,000 271,629 0.007%

State Street 36,461 1,942,277 0.051%

Stora Enso 491,309 4,912,528 0.129%

Storebrand 758,236 3,023,517 0.079%

Stroeer SE & Co KGaA 43,428 2,231,545 0.059%

Page 17 of 21

Stryker 99,281 16,529,294 0.435%

Sumitomo Corporation 439,600 5,013,308 0.132%

Sumitomo Mitsui Financial 3.75 7/19/23 2,045,000 2,140,205 0.056%

Sumitomo Mitsui Trust Holdings 118,654 3,408,949 0.090%

Sumitomo Rubber Industries 182,200 1,711,369 0.045%

Suncor Energy 117,300 1,853,340 0.049%

Sun Life Financial 216,502 6,964,432 0.183%

Suzuki Motor 114,800 2,733,528 0.072%

SVB Financial Group 5,413 817,796 0.022%

Svenska Handelsbanken 3.35 5/24/21 1,825,000 1,846,473 0.049%

Svenska Handelsbanken 655,516 5,406,107 0.142%

Synchrony Credit Card Master Note Trust 2.62 10/15/25 920,000 930,102 0.024%

Syngenta Finance 3.7 4/24/20 1,830,000 1,832,428 0.048%

Synopsys 64,255 8,275,401 0.218%

Sysco 13,400 611,442 0.016%

Taiwan Semiconductor Manufacturing 1,355,969 12,206,867 0.321%

Takeda Pharmaceutical, ADR 165,545 2,512,973 0.066%

Tampa Electric 6.15 5/15/37 1,000,000 1,258,459 0.033%

Tapestry 27,776 359,699 0.009%

Targa Resources 20,680 142,899 0.004%

Tarrant County Cultural Education Facilities Finance 4.37 11/15/47 1,200,000 1,425,612 0.037%

TC Energy 226,326 10,026,242 0.264%

TD Ameritrade Holding 70,124 2,430,498 0.064%

Teachers Insurance & Annuity Association of America 4.9 9/15/44 1,800,000 2,004,991 0.053%

TechnoPro Holdings 62,500 2,916,918 0.077%

Telecom Italia 4,068,145 1,589,430 0.042%

Teleflex 589 172,495 0.005%

Teleperformance 11,932 2,471,321 0.065%

Tencent Holdings 2.99 1/19/23 960,000 980,154 0.026%

Tencent Holdings 400,100 19,775,980 0.520%

Teva Pharmaceutical Finance IV BV 3.65 11/10/21 730,000 700,800 0.018%

Texas Instruments 1.38 3/12/25 650,000 642,655 0.017%

Texas Instruments 75,890 7,583,688 0.199%

Texas Private Activity Bond Surface Transportation 3.92 12/31/49 1,900,000 1,877,808 0.049%

Textron 38,892 1,037,250 0.027%

Thermo Fisher Scientific 76,460 21,684,056 0.570%

THK 185,000 3,727,500 0.098%

Thomson Reuters 3.35 5/15/26 405,000 400,752 0.011%

Time Warner Cable 6.55 5/1/37 450,000 529,281 0.014%

Time Warner Cable 6.75 6/15/39 530,000 605,279 0.016%

Time Warner Cable 4 9/1/21 200,000 200,516 0.005%

TJX 51,418 2,458,295 0.065%

T-Mobile US 7,195 603,661 0.016%

Tokio Marine Holdings 177,300 8,112,286 0.213%

Tokyo Electron 29,700 5,535,296 0.146%

Toronto-Dominion Bank 3.25 6/11/21 1,595,000 1,622,367 0.043%

Toronto-Dominion Bank 3.5 7/19/23 1,235,000 1,293,725 0.034%

Toronto-Dominion Bank 3.63 9/15/31 305,000 303,094 0.008%

Tosoh 64,100 724,401 0.019%

Total 270,565 10,194,579 0.268%

Total, ADR 101,010 3,761,612 0.099%

Towd Point Mortgage Trust 2015-3 3 3/25/54 322,240 321,173 0.008%

Towd Point Mortgage Trust 2015-4 2.75 4/25/55 402,334 400,367 0.011%






Towd Point Mortgage Trust 2017-6 2.75 10/25/57 1,046,473 1,047,203 0.028%

Towd Point Mortgage Trust 2018-1 3 1/25/58 548,800 551,281 0.014%

Toyota Motor 3.18 7/20/21 1,505,000 1,521,931 0.040%

Toyota Motor 182,400 10,992,327 0.289%

Toyota Motor Credit 2.95 4/13/21 2,690,000 2,699,337 0.071%

Tradeweb Markets 11,089 466,182 0.012%

Transcontinental Gas Pipe Line 4.6 3/15/48 1,645,000 1,469,350 0.039%

TransUnion 5,410 358,034 0.009%

Transurban Finance Co Pty 4.13 2/2/26 335,000 365,921 0.010%

Transurban Finance Co Pty 3.38 3/22/27 395,000 412,298 0.011%

Travelers 6.25 6/15/37 750,000 1,045,367 0.027%

Trinity Health 4.13 12/1/45 725,000 794,310 0.021%

Trip.Com, ADR 11,603 272,090 0.007%

TRP Inflation Protected Bond - I 1,175 14,408 0.000%

Page 18 of 21

TRP Institutional High Yield - Inst 21,672,096 164,057,763 4.313%

TRP Limited Duration Infl Foc Bd - I 7,066 34,764 0.001%

TRP Real Assets - I 5,963,422 51,643,237 1.358%

TRP Treasury Reserve 0.93 29,987,959 29,987,959 0.788%

Truist Bank 3.5 8/2/22 2,730,000 2,742,348 0.072%

Truist Financial 22,600 696,984 0.018%

Tyson Foods 260,413 15,070,100 0.396%

Ubs 3.49 5/23/23 1,040,000 1,045,200 0.027%

Ulta Beauty 2,263 397,609 0.010%

Umicore 117,033 4,036,620 0.106%

Unilever 379,895 19,158,130 0.504%

Union Pacific 57,011 8,040,831 0.211%

United Airlines 2014-1 Class B Pass Through Trust 4.75 4/11/22 312,575 291,287 0.008%

United Airlines 2014-2 Class B Pass Through Trust 4.63 9/3/22 1,164,658 1,183,332 0.031%

United Airlines 2019-1 Class AA Pass Through Trust 4.15 8/25/31 1,124,371 1,023,230 0.027%

United Airlines Holdings 24,866 784,522 0.021%

Unitedhealth 4.7 2/15/21 835,000 847,295 0.022%

Unitedhealth 3.75 7/15/25 645,000 695,484 0.018%

Unitedhealth 4.75 7/15/45 1,235,000 1,530,312 0.040%

UnitedHealth Group 85,521 21,327,227 0.561%

United Overseas Bank 362,500 4,973,519 0.131%

United Technologies 4,399 414,958 0.011%

University of California 4.6 5/15/31 1,625,000 1,890,395 0.050%

University of California 5.77 5/15/43 750,000 1,015,808 0.027%

University of California 4.13 5/15/45 365,000 405,183 0.011%

Unum 5.63 9/15/20 200,000 203,543 0.005%

UPS 34,533 3,226,073 0.085%

U.S. Treasury Bonds 1.63 11/15/22 315,000 325,730 0.009%

U.S. Treasury Bonds 2.75 11/15/42 3,000,000 3,828,281 0.101%

U.S. Treasury Bonds 3 11/15/44 2,990,000 3,980,438 0.105%
















U.S. Treasury Notes 1.13 2/28/22 46,500,000 47,284,688 1.243%

Utah Transit Authority 5.94 6/15/39 900,000 1,130,157 0.030%

Veeva Systems 4,833 755,736 0.020%

Vereit Operating Partnership 3.1 12/15/29 2,130,000 1,823,813 0.048%

Vereit Operating Partnership 3.95 8/15/27 1,490,000 1,415,500 0.037%

VeriSign 3,985 717,659 0.019%

Verizon Communications 4.27 1/15/36 870,000 1,016,993 0.027%

Verizon Communications 67,613 3,632,846 0.096%

Vertex Pharmaceuticals 56,690 13,489,386 0.355%

Verus Securitization Trust 2018-INV1 3.63 3/25/58 827,508 785,810 0.021%

Verus Securitization Trust 2019-4 2.64 11/25/59 3,127,089 3,165,816 0.083%

Verus Securitization Trust 2019-INV1 3.4 12/25/59 766,565 734,314 0.019%

Verus Securitization Trust 2019-INV3 2.69 11/25/59 3,092,439 2,993,748 0.079%

V. F. 19,483 1,053,641 0.028%

Virginia Commonwealth Transportation Board 5.35 5/15/35 690,000 899,615 0.024%

Virginia Public Building Authority 5.9 8/1/30 755,000 976,479 0.026%

Visa 2.15 9/15/22 2,420,000 2,464,581 0.065%

Visa 186,965 30,123,801 0.792%

Vistra Operations 3.55 7/15/24 1,370,000 1,289,513 0.034%

VMware 27,610 3,343,571 0.088%

Vodafone 4.88 6/19/49 2,045,000 2,257,103 0.059%

Vodafone 4.25 9/17/50 775,000 787,923 0.021%

Vodafone, ADR 413,944 5,700,009 0.150%

Volkswagen Group of America Finance 4 11/12/21 2,595,000 2,586,289 0.068%

Vornado Realty Trust, REIT 8,040 291,128 0.008%

Voya Financial 12,507 507,159 0.013%

Vulcan Materials 4.5 6/15/47 590,000 594,141 0.016%

Page 19 of 21

Wabtec 18,310 881,260 0.023%

Wal-Mart 23,507 2,670,865 0.070%

Walt Disney 3.7 10/15/25 525,000 570,106 0.015%

Walt Disney 4.5 2/15/21 475,000 487,118 0.013%

Walt Disney 57,934 5,596,424 0.147%

Waste Connections 17,157 1,329,668 0.035%

WEA Finance LLC / Westfield UK & Europe Finance 3.25 10/5/20 720,000 726,160 0.019%

Weibo 3.5 7/5/24 1,390,000 1,398,531 0.037%

Welcia Holdings 41,500 2,907,537 0.076%

Wells Fargo 2.57 2/11/31 1,735,000 1,667,564 0.044%

Wells Fargo 361,914 10,386,932 0.273%

Wells Fargo Commercial Mortgage Trust 2019-C54 3.67 12/15/52 2,377,000 2,131,349 0.056%

Westlake Chemical 18,027 688,091 0.018%

Westrock 32,400 915,624 0.024%

Weyerhaeuser, REIT 79,494 1,347,423 0.035%

WFRBS Commercial Mortgage Trust 2014-C19 4.72 3/15/47 610,000 611,089 0.016%

Williams 5.1 9/15/45 1,735,000 1,700,300 0.045%

Williams Companies 39,226 555,048 0.015%

Willis North America 3.6 5/15/24 820,000 834,239 0.022%

Willis North America 4.5 9/15/28 1,370,000 1,511,285 0.040%

Willis Towers Watson 62,175 10,560,424 0.278%

Wilmar International 1,634,100 3,695,369 0.097%

Woodside Finance 3.7 3/15/28 1,187,000 1,142,488 0.030%

Woodside Finance 3.7 9/15/26 738,000 720,432 0.019%

Workday 49,916 6,500,062 0.171%

World Omni Auto Receivables Trust 2016 1.77 9/15/21 47,730 47,598 0.001%

Worley 476,026 1,766,465 0.046%

WP Carey 3.85 7/15/29 2,755,000 2,655,894 0.070%

WPP 601,464 4,089,305 0.108%

WPP Finance 2010 3.75 9/19/24 1,310,000 1,321,596 0.035%

Wynn Resorts 13,798 830,502 0.022%

Xilinx 72,408 5,643,480 0.148%

XP 24,905 480,417 0.013%

Yum! Brands 60,222 4,127,014 0.109%

Zalando 85,487 3,222,017 0.085%

Z Holdings 771,600 2,459,983 0.065%

Zimmer Biomet Holdings 20,470 2,069,108 0.054%

Zoetis 39,104 4,602,150 0.121%

Zurich Insurance Group 13,484 4,737,018 0.125%

Miscellaneous Securities ‡ 1,422,224

Total Investments in Securities 3,810,009,567

‡ At the discretion of the advisor, the identity of certain securities has been concealed to protect the fund's interests.

Futures Contracts Contracts Expiration Contract Value Unrealized G/L % of Net Assets

FVM0 5YR US NOTE FUT JUN 20 875 6/30/2020 109,689,458 3,047,213 2.884%

TUM0 2YR US NOTE FUT JUN 20 344 6/30/2020 75,811,687 913,415 1.993%

UXYM0 UST 10YR ULTRA FUT JUN 20 19 6/19/2020 2,964,594 107,739 0.078%

Total Futures Contracts 4,068,367

NET ASSETS 3,803,592,839

NET ASSET VALUE PER SHARE

Balanced Fund Shares 21.22

($3,174,315,131 / 149,607,069 Shares Outstanding)

Balanced Fund - I Class Shares 21.21

($629,277,708 / 29,669,186 Shares Outstanding)

ADR American Depository Receipts

ADS American Depository Shares

AR Auction Rate security with an interest rate reset feature through a modified Dutch auction at predetermined short-term intervals; rate shown is effective rate at period end

ARM Adjustable Rate Mortgage

BAN Bond Anticipation Note

CDA Community Development Administration

CLN Credit Linked Note

CMO Collateralized Mortgage Obligation

COP Certificate of Participation

DOT Department of Transportation

EFA Educational Facility Authority

ETC Equipment Trust Certificate

FDR Fiduciary Depository Receipt

Page 20 of 21

FRN Floating Rate Note

GDR Global Depository Receipts

GDS Global Depository Shares

GO General Obligation

HDA Housing Development Authority

HEFA Health & Education Facility Authority

HFA Health Facility Authority

HFC Housing Finance Corp

HFFA Health Facility Financing Authority

HHEFA Health & Higher Education Facility Authority

IDA Industrial Development Authority/Agency

IDB Industrial Development Bond

IDC Industrial Development Corp

IDRB Industrial Development Revenue Bond

IO Interest Only security for which the fund receives interest on notional principal (par)

PCR Pollution Control Revenue

PFA Public Finance Authority

PIK Payment-in-kind

PTC Pass-Through Certificate

RAC Revenue Anticipation Certificate

RAN Revenue Anticipation Note

RAW Revenue Anticipation Warrant

REIT Real Estate Investment Trust

RIB Residual interest bond issued by a third party securitization trust and purchased directly through a cash transaction that involved no exchange of previously held securities; rate varies

inversely to short-term rates and the rate presented is the effective rate at period-end

STEP Stepped coupon bond for which the coupon rate of interest will adjust on specified future dates(s)

TAN Tax Anticipation Note

TAW Tax Anticipation Warrant

TBA To Be Announced purchase commitment

TDFA Trade & Deposit Facility Agreement

TECP Tax-Exempt Commercial Paper

TRAN Tax Revenue Anticipation Note

VR Variable Rate; rate shown is effective rate at period end

VRDN Variable Rate Demand Note under which the holder has the right to sell the security to the issuer or the issuer's agent at a predetermined price (generally par) on specified dates upon

required notification; rate shown is effective rate at period-end

Important Information

The portfolio data contained herein is for informational purposes only and does not constitute a recommendation or an offer for a particular security or investment. Unlike the fund's regulatory

filings, the portfolio data and its presentation in this document do not conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) presentation

requirements. The holdings are not audited and the information may differ in certain respects, such as derivatives exposure and security name, from the information found in the complete list

of portfolio investments in the semiannual and annual shareholder reports and Form N-Q.

Page 21 of 21

Documents

Page 1 of 21 - T. Rowe PriceAerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.5 5/26/22 560,000 466,909 0.012% AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.13