Page 1 of 25 · AerCap Ireland Capital DAC / AerCap Global Aviation Trust 6.5 7/15/25 155,000 162,395 0.006% Aerojet Rocketdyne Holdings 12,134 480,992 0.016% AES 34,706 502,890 0.017%

T. Rowe Price Spectrum Moderate Growth Allocation Fund 06/30/2020

(Unaudited)

Portfolio of Investments

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

280 Park Avenue 2017-280P Mortgage Trust 1.06 9/15/34 167,534 166,201 0.006%

Aaron's 30,446 1,382,248 0.047%

ABB 202,001 4,581,976 0.156%

Abbott Laboratories 12,043 1,101,091 0.038%

AbbVie 4.88 11/14/48 412,000 534,743 0.018%

AbbVie 2.95 11/21/26 960,000 1,042,812 0.036%

AbbVie 4.05 11/21/39 355,000 411,832 0.014%

AbbVie 144,038 14,141,651 0.482%

ACADIA Pharmaceuticals 7,026 340,550 0.012%

Acadia Realty Trust, REIT 18,327 237,884 0.008%

Acceleron Pharma 8,568 816,273 0.028%

Adani Electricity Mumbai 3.95 2/12/30 550,000 514,062 0.018%

Adaptive Biotechnologies 8,362 404,554 0.014%

ADT 35,792 285,620 0.010%

Advanced Micro Devices 58,053 3,054,168 0.104%

AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.88 1/16/24 435,000 429,401 0.015%



Aerojet Rocketdyne Holdings 12,134 480,992 0.016%

AES 34,706 502,890 0.017%

Aes Gener 7.13 3/26/79 400,000 413,706 0.014%

Aflac 3.6 4/1/30 70,000 81,662 0.003%

Agilent Technologies 52,789 4,664,964 0.159%

Agios Pharmaceuticals 9,070 485,064 0.017%

Aia 3.9 4/6/28 490,000 544,768 0.019%

AIA Group 282,600 2,644,459 0.090%

Aib 4.26 4/10/25 210,000 222,324 0.008%

Aimmune Therapeutics 20,067 335,320 0.011%

Air Liquide 26,961 3,898,187 0.133%

Air Products & Chemicals 360 86,926 0.003%

Alcoa 41,300 464,212 0.016%

Alcon 21,869 1,256,576 0.043%

Alexandria Real Estate Equities 3.95 1/15/28 280,000 317,505 0.011%



Alexion Pharmaceuticals 14,990 1,682,478 0.057%

Alibaba Group Holding, ADR 142,079 30,646,440 1.045%

Allogene therapeutics 4,612 197,486 0.007%

Alphabet Class A 5,828 8,264,395 0.282%

Alphabet Class C 35,290 49,886,297 1.700%

Altria 5.8 2/14/39 170,000 211,283 0.007%

Altria 5.95 2/14/49 315,000 412,138 0.014%

Altria 2.35 5/6/25 35,000 36,864 0.001%

Altria 3.4 5/6/30 30,000 32,255 0.001%

Altria Group 80,061 3,142,394 0.107%

Amadeus IT 45,038 2,364,581 0.081%

Amarin, ADR 16,100 111,412 0.004%

Amazon.com 30,218 83,366,023 2.842%

Amcor 203,707 2,057,464 0.070%

Amedisys 8,233 1,634,580 0.056%

Ameren 90,973 6,400,860 0.218%

American Airlines 2013-1 Class A Pass Through Trust 4 7/15/25 1 0 0.000%

American Airlines 2016-3 Class B Pass Through Trust 3.75 10/15/25 105,171 73,638 0.003%

American Airlines 2017-2 Class AA Pass Through Trust 3.35 10/15/29 325,491 303,055 0.010%

American Airlines 2017-2 Class B Pass Through Trust 3.7 10/15/25 135,624 92,930 0.003%

American Campus Communities Operating Partnership 3.63 11/15/27 215,000 220,602 0.008%



American Campus Communities, REIT 31,200 1,090,752 0.037%

American International Group 597,333 18,624,843 0.635%

American Tower, REIT 1,438 371,781 0.013%

Americredit Automobile Receivables Trust 2016-4 2.74 12/8/22 225,000 228,170 0.008%

Americredit Automobile Receivables Trust 2019-1 3.13 2/18/25 80,000 83,073 0.003%

Analog Devices 4,498 551,635 0.019%

Angel Oak Mortgage Trust 1.69 4/25/65 250,000 249,999 0.009%

Page 1 of 25

Angel Oak Mortgage Trust 2019-3 3.14 5/25/59 187,628 189,705 0.006%

Angel Oak Mortgage Trust 2019-3 3.24 5/25/59 184,393 186,119 0.006%

Anglo American Capital 4 9/11/27 215,000 229,513 0.008%

Anheuser-Busch InBev Worldwide 5.55 1/23/49 520,000 692,729 0.024%

Anthem 2.25 5/15/30 125,000 128,457 0.004%

Anthem 42,617 11,207,419 0.382%

Antofagasta 249,248 2,884,876 0.098%

Apellis Pharmaceuticals 3,800 124,108 0.004%

Api 50,674 615,689 0.021%

Api 39,216 39,216 0.001%

Apple 1.65 5/11/30 195,000 200,104 0.007%

Apple 99,439 36,275,347 1.236%

Applebee S Funding Llc / Ihop Funding 4.19 6/7/49 335,000 296,921 0.010%

Applied Materials 300,849 18,186,322 0.620%

Aptiv 1,763 137,373 0.005%

APT Pipelines 4.25 7/15/27 520,000 581,037 0.020%

Arcutis Biotherapeutics 2,929 88,573 0.003%

Argenx, ADR 8,053 1,813,777 0.062%

Arrow Electronics 4 4/1/25 230,000 248,256 0.008%

Asahi Kasei 329,000 2,693,125 0.092%

Ascendis Pharma, ADR 23,188 3,429,505 0.117%

Ashford Hospitality Trust 2018-ASHF 1.43 4/15/35 180,000 163,375 0.006%

Ashford Hospitality Trust 2018-ASHF 1.58 4/15/35 85,000 76,484 0.003%

Ashtead 64,263 2,167,780 0.074%

ASML Holding 6,337 2,332,206 0.079%

ASML Holding 16,808 6,148,558 0.210%

ASOS 85,475 3,632,883 0.124%

Assurant 13,566 1,401,232 0.048%

Astellas Pharma 526,100 8,785,639 0.299%

Atlantic Capital Bancshares 17,112 208,082 0.007%

Atlassian 14,189 2,557,851 0.087%

Atricure 16,499 741,630 0.025%

Atrium Hotel Portfolio Trust 2017-ATRM 1.11 12/15/36 420,000 390,144 0.013%

AT&T 4.3 2/15/30 135,000 156,620 0.005%

AT&T 4.5 3/9/48 225,000 264,926 0.009%

AT&T 2.3 6/1/27 190,000 194,861 0.007%

AT&T 2.75 6/1/31 715,000 736,966 0.025%

AT&T 3.65 6/1/51 195,000 198,811 0.007%

Ausgrid Finance Pty 3.85 5/1/23 135,000 142,196 0.005%

Ausgrid Finance Pty 4.35 8/1/28 205,000 230,550 0.008%

Austin Fairmont Hotel Trust 2019-FAIR 1.43 9/15/32 120,000 112,491 0.004%

Austin Fairmont Hotel Trust 2019-FAIR 1.98 9/15/32 145,000 131,572 0.004%

Australia & New Zealand Banking 170,676 2,214,539 0.075%

Autoliv 31,937 2,082,173 0.071%

Automatic Data Processing 730 108,690 0.004%

Avalara 2,500 332,725 0.011%

Avanos Medical 26,607 781,980 0.027%

Avidity Biosciences 2,436 68,841 0.002%

Avis Budget Rental Car Funding AESOP 4 3/20/25 295,000 297,717 0.010%

Avis Budget Rental Car Funding AESOP 2.65 3/20/26 330,000 315,666 0.011%




Aviva 481,973 1,633,583 0.056%

Avnet 3.75 12/1/21 270,000 277,021 0.009%

Avolon Holdings Funding 4.38 5/1/26 130,000 109,850 0.004%

Avolon Holdings Funding 3.95 7/1/24 445,000 386,038 0.013%

AXA 333,020 7,007,684 0.239%

Axis Capital Holdings 25,608 1,038,660 0.035%

Axonics Modulation Technologies 5,429 190,612 0.006%

AZZ 23,700 813,384 0.028%

Baidu 2.88 7/6/22 460,000 471,845 0.016%

Baidu 3.63 7/6/27 450,000 487,498 0.017%

Baidu 3.88 9/29/23 255,000 271,982 0.009%

Baidu, ADR 7,600 911,164 0.031%

Banco Santander 3.49 5/28/30 200,000 214,951 0.007%

Banco Santander Chile 3.88 9/20/22 150,000 157,277 0.005%

Bangkok Bank PCL/Hong Kong 3.73 9/25/34 650,000 622,120 0.021%

BANK 2017-BNK5 3.9 6/15/60 250,000 252,909 0.009%

BANK 2019-BNK18 3.98 5/15/62 252,000 264,582 0.009%

BANK 2019-BNK21 3.52 10/17/52 110,000 93,593 0.003%

BANK 2019-BNK22 2.5 11/15/62 215,000 154,341 0.005%

Page 2 of 25

BANK 2019-BNK23 3.46 12/15/52 635,000 650,624 0.022%

BANK 2020-BNK25 2.84 1/15/63 90,000 94,123 0.003%

Bank of America 3.25 10/21/27 475,000 524,236 0.018%

Bank of America 3.95 4/21/25 635,000 703,177 0.024%

Bank of America 3.56 4/23/27 95,000 105,893 0.004%

Bank of America 2.59 4/29/31 265,000 280,300 0.010%

Bank of America 2.68 6/19/41 205,000 210,381 0.007%

Bank of America 4.27 7/23/29 420,000 494,535 0.017%

Bank of America 744,915 17,691,731 0.603%

BankUnited 50,568 1,024,002 0.035%

Barclays 4.61 2/15/23 230,000 242,041 0.008%

Barclays 3.93 5/7/25 235,000 253,007 0.009%

Barclays 2.85 5/7/26 300,000 315,011 0.011%

Barclays Bank 5.14 10/14/20 400,000 404,308 0.014%

Barings CLO Ltd 2013-I 1.94 1/20/28 269,474 265,001 0.009%

BASF 50,989 2,864,005 0.098%

BAT Capital 3.22 8/15/24 165,000 176,133 0.006%

BAT Capital 3.56 8/15/27 665,000 721,400 0.025%

Bausch Health 131,009 2,396,155 0.082%

Bayer 90,455 6,704,814 0.229%

Bayer US Finance II 3.88 12/15/23 355,000 389,209 0.013%

Bayview Mortgage Fund IVc Trust 2017-RT3 3.5 1/28/58 111,584 112,883 0.004%

Bayview Opportunity Master Fund IVa Trust 2017-RT1 3 3/28/57 44,617 45,616 0.002%

Bayview Opportunity Master Fund IVb Trust 2017-SPL4 3.5 1/28/55 149,820 152,721 0.005%

BBCCRE Trust 2015-GTP 4.7 8/10/33 340,000 337,359 0.011%

BBCMS 2019-BWAY Mortgage Trust 2.34 11/25/34 135,000 127,247 0.004%

BBCMS Mortgage Trust 2020-C6 2.84 2/15/53 100,000 99,830 0.003%

BBCMS Mortgage Trust 2020-C7 3.61 4/15/53 315,000 313,772 0.011%

BBVA Bancomer SA/Texas 5.13 1/18/33 600,000 560,307 0.019%

BBVA Bancomer SA/Texas 4.38 4/10/24 300,000 320,504 0.011%

Becton Dickinson And 3.73 12/15/24 145,000 159,131 0.005%



Becton Dickinson And 15,169 794,413 0.027%





Becton, Dickinson & Company 37,763 9,035,553 0.308%

Beijing Enterprises Holdings 338,500 1,136,707 0.039%

Belden 3,489 113,567 0.004%

BellRing Brands 14,381 286,757 0.010%

Benchmark 2018-B1 Mortgage Trust 3.88 1/15/51 130,000 143,835 0.005%

Benchmark 2019-B13 Mortgage Trust 3.18 8/15/57 165,000 178,393 0.006%

Benefit Street Partners CLO XI 2.72 4/15/29 250,000 236,727 0.008%

Bhp 155,295 3,177,802 0.108%

Bhp 59,331 1,477,212 0.050%

BJ's Restaurants 30,841 645,811 0.022%

Blackstone Hedge Fund Solutions 97,776 113,918,525 3.883%

BlueMountain CLO 2015-2 2.07 7/18/27 248,385 243,417 0.008%

Blueprint Medicines 12,349 963,222 0.033%

Bnp Paribas 3.05 1/13/31 375,000 395,156 0.013%

BNP Paribas 98,736 3,944,880 0.134%

Boardwalk Pipelines 4.95 12/15/24 175,000 187,179 0.006%



Boeing 374 68,554 0.002%

Booking Holdings 4.1 4/13/25 85,000 95,407 0.003%



Booking Holdings 4,049 6,447,385 0.220%

Booz Allen Hamilton 17,800 1,384,662 0.047%

Boral Finance Pty 3 11/1/22 30,000 30,233 0.001%

Boral Finance Pty 3.75 5/1/28 855,000 831,300 0.028%

Boston Beer 5,325 2,857,661 0.097%

Boston Properties 2.75 10/1/26 153,000 163,361 0.006%




Boston Scientific 178,091 6,252,775 0.213%

Braskem Finance 7.38 1/4/69 293,000 291,973 0.010%

Brf 4.88 1/24/30 200,000 188,750 0.006%

Page 3 of 25

BRF GmbH 4.35 9/29/26 300,000 290,193 0.010%

Bridge Bancorp 18,800 429,392 0.015%

Bright Horizons Family Solutions 8,018 939,710 0.032%

Brinks Company 25,224 1,147,944 0.039%

Brixmor Operating Partnership 3.85 2/1/25 285,000 294,485 0.010%




Broadcom 379 423,787 0.014%

Broadcom 29,563 9,330,378 0.318%

Bruker 30,839 1,254,531 0.043%

Bunge Ltd Finance 4.35 3/15/24 45,000 48,996 0.002%

Bunge Ltd Finance 3.75 9/25/27 85,000 89,075 0.003%

Bunzl 60,726 1,628,854 0.056%

Burberry 105,940 2,093,378 0.071%

Burlington Stores 12,346 2,431,298 0.083%

BWX Technologies 17,937 1,015,952 0.035%

BX Commercial Mortgage Trust 2019-IMC 1.18 4/15/34 305,000 292,907 0.010%

Cable One 1,293 2,294,881 0.078%

Cactus 11,000 226,930 0.008%

California Water Service Group 14,916 711,493 0.024%

Cal-Maine Foods 27,754 1,234,498 0.042%

Cameron LNG 3.3 1/15/35 95,000 104,474 0.004%

Cameron LNG 3.7 1/15/39 75,000 80,277 0.003%

Cameron LNG 2.9 7/15/31 90,000 96,725 0.003%

Canadian Pacific Railway 5,890 1,503,953 0.051%

Cantor Commercial Real Estate Lending 2019-CF1 4.18 5/15/52 175,000 176,752 0.006%

Cantor Commercial Real Estate Lending 2019-CF2 3.79 11/15/52 145,000 120,540 0.004%

Capital One Financial 3.3 10/30/24 420,000 450,443 0.015%






Capital One Financial 105,654 6,612,884 0.225%

Capitol Federal Financial 43,014 473,584 0.016%

Cara Therapeutics 10,157 173,685 0.006%

Cardinal Health 4.5 11/15/44 50,000 54,816 0.002%

Cardinal Health 3.75 9/15/25 205,000 228,555 0.008%

Cardinal Health 4.9 9/15/45 50,000 58,289 0.002%

CareDx 5,908 209,320 0.007%

Carlyle Global Market Strategies CLO 2015-3 1.89 7/28/28 595,000 583,175 0.020%

Carmax Auto Owner Trust 2020-1 2.64 7/15/26 500,000 490,710 0.017%

Catalent 31,895 2,337,904 0.080%

Cavco Industries 3,029 584,143 0.020%

Cboe Global Markets 17,813 1,661,597 0.057%

CC Holdings GS V LLC / Crown Castle GS III 3.85 4/15/23 615,000 663,433 0.023%

Centene 82,334 5,232,326 0.178%

Central Japan Railway 17,300 2,675,588 0.091%

Century Plaza Towers 2019-CPT 3.1 11/13/39 250,000 244,880 0.008%

Ceridian HCM Holding 24,554 1,946,396 0.066%

Challenger Ltd/Australia 417,618 1,293,261 0.044%

Charles Schwab 152,568 5,147,644 0.175%

Charter Communications Operating LLC / Charter Communications Operating Capital 6.48 10/23/45 50,000 66,233 0.002%



Chart Industries 13,978 677,793 0.023%

Cheniere Corpus Christi Holdings 3.7 11/15/29 225,000 229,500 0.008%

Cheniere Corpus Christi Holdings 5.13 6/30/27 70,000 76,825 0.003%

Chesapeake Utilities 12,250 1,029,000 0.035%

Chevron 51,240 4,572,145 0.156%

Chipotle Mexican Grill 2,660 2,799,278 0.095%

Chubb 49,184 6,227,678 0.212%

Chuy's Holdings 38,890 578,683 0.020%

CIFC Funding 2015-IV 2.29 10/20/27 250,000 245,820 0.008%

Cigna 4.5 2/25/26 235,000 268,723 0.009%

Cigna 3.4 3/15/50 270,000 290,339 0.010%

Cigna 4.8 8/15/38 305,000 387,211 0.013%

Cigna 63,539 11,923,093 0.406%

CIM Trust 2019-INV3 3.5 8/25/49 147,622 150,512 0.005%

Cinemark Holdings 34,600 399,630 0.014%

Cintas 6,366 1,695,648 0.058%

Page 4 of 25

Citigroup 3.11 4/8/26 215,000 230,515 0.008%

Citigroup Commercial Mortgage Trust 2015-GC27 3.57 2/10/48 55,000 57,826 0.002%

Citigroup Commercial Mortgage Trust 2017-C4 3.76 10/12/50 260,000 281,994 0.010%

Citigroup Commercial Mortgage Trust 2017-P7 3.92 4/14/50 260,000 279,363 0.010%

Citigroup Commercial Mortgage Trust 2018-B2 4.83 3/10/51 145,000 127,956 0.004%

Citigroup Commercial Mortgage Trust 2020-555 2.83 12/10/41 120,000 119,783 0.004%

Citigroup Commercial Mortgage Trust 2020-555 3.03 12/10/41 100,000 97,457 0.003%

Citigroup Commercial Mortgage Trust 2020-GC46 3.15 2/15/53 305,000 293,689 0.010%

Citrix Systems 6,713 992,920 0.034%

CK Hutchison Holdings 291,992 1,890,820 0.064%

Clarivate 80,979 1,808,261 0.062%

Close Brothers 51,004 698,272 0.024%

CME Group 21,979 3,572,467 0.122%

CNAC HK Finbridge 4.63 3/14/23 205,000 217,884 0.007%

Cnh Equipment Trust 2017 2.54 5/15/25 30,000 30,284 0.001%

Cno Financial 5.25 5/30/25 294,000 325,238 0.011%

Cole Park CLO Ltd 2015-1 2.19 10/20/28 435,000 429,584 0.015%

Collier Creek Holdings 5,000 68,500 0.002%

Collier Creek Holdings 26,100 377,798 0.013%

COLT 2018-3 Mortgage Loan Trust 3.87 10/26/48 80,945 82,536 0.003%






Columbia Banking System 14,577 413,185 0.014%

Comcast 3.95 10/15/25 65,000 74,399 0.003%

Comcast 4.7 10/15/48 200,000 267,857 0.009%

Comcast 3.25 11/1/39 500,000 547,219 0.019%

Comcast 2.8 1/15/51 940,000 953,127 0.032%

COMM 2014-UBS5 Mortgage Trust 3.84 9/10/47 205,000 222,265 0.008%

COMM 2015-CCRE24 Mortgage Trust 4.03 8/10/48 120,000 128,163 0.004%

COMM 2015-LC21 Mortgage Trust 4.48 7/10/48 210,000 217,430 0.007%

COMM 2015-PC1 Mortgage Trust 4.58 7/10/50 105,000 108,120 0.004%

COMM 2016-CR28 Mortgage Trust 3.65 2/10/49 131,811 140,547 0.005%

COMM 2016-DC2 Mortgage Trust 3.77 2/10/49 100,000 111,660 0.004%

COMM 2017-PANW Mortgage Trust 3.24 10/10/29 480,000 494,081 0.017%

COMM 2017-PANW Mortgage Trust 3.53 10/10/29 170,000 174,423 0.006%

Community Healthcare Trust, REIT 6,400 261,760 0.009%

Compass Group 146,541 2,016,171 0.069%

Computer Modelling 38,800 135,754 0.005%

Connecticut Avenue Securities Trust 2019-R06 0.93 9/25/39 33,107 33,059 0.001%

Connecticut Avenue Securities Trust 2020-R02 0.93 1/25/40 135,629 134,175 0.005%

ConocoPhillips 33,017 1,387,374 0.047%

Constellation Brands 4,513 789,549 0.027%

Constellium 62,840 482,611 0.016%

Continental Resources Inc/OK 4.38 1/15/28 460,000 405,950 0.014%

Conyers Park II Acquisition 31,898 373,207 0.013%

CoStar Group 6,411 4,556,105 0.155%

Country Garden Holdings 5.13 1/17/25 200,000 204,215 0.007%

Country Garden Holdings 6.15 9/17/25 300,000 319,784 0.011%

Coupa Software 4,678 1,295,993 0.044%

Covestro 49,477 1,884,484 0.064%

Credit Suisse 4.19 4/1/31 295,000 338,363 0.012%

Credit Suisse 2.19 6/5/26 310,000 313,873 0.011%

Credit Suisse 2.59 9/11/25 385,000 397,139 0.014%

Credit Suisse AG/New York NY 2.95 4/9/25 290,000 315,172 0.011%

Credit Suisse Mortgage Capital Certificates 2019-ICE4 1.78 5/15/36 280,000 271,253 0.009%

Crispr therapeutics 1,653 121,479 0.004%

Cross Country Healthcare 29,368 180,907 0.006%

CrossFirst Bankshares 33,238 325,068 0.011%

Crown Castle International 3.3 7/1/30 75,000 81,859 0.003%

Crown Castle International 1.35 7/15/25 120,000 120,129 0.004%

Crown Castle Towers 3.66 5/15/25 355,000 378,278 0.013%

CSAIL 2019-C17 Commercial Mortgage Trust 3.28 9/15/52 140,000 144,896 0.005%

CSAIL 2019-C17 Commercial Mortgage Trust 3.48 9/15/52 165,000 157,644 0.005%

CSL 7,069 1,405,942 0.048%

CTS 37,692 755,348 0.026%

CubeSmart, REIT 28,500 769,215 0.026%

Cubic 22,823 1,096,189 0.037%

Cummins 6,564 1,137,279 0.039%

CVS Health 4.1 3/25/25 520,000 585,840 0.020%

Page 5 of 25

CVS Health 5.05 3/25/48 310,000 401,993 0.014%

CVS Health 3.63 4/1/27 45,000 50,605 0.002%

CVS Health 4.25 4/1/50 25,000 30,092 0.001%

CVS Health 5.13 7/20/45 10,000 12,951 0.000%

CVS Health 51,399 3,339,393 0.114%

CyberAgent 59,100 2,904,982 0.099%

Danaher 196,242 34,701,473 1.183%

Danske Bank 3.24 12/20/25 260,000 269,750 0.009%

Danske Bank 2.7 3/2/22 365,000 375,950 0.013%

Danske Bank 3 9/20/22 260,000 263,851 0.009%

Danske Bank 2 9/8/21 255,000 258,481 0.009%

Darden Restaurants 1,861 141,008 0.005%

DBCG 2017-BBG Mortgage Trust 0.88 6/15/34 360,000 351,449 0.012%

DBS Group 107,456 1,616,872 0.055%

DCC 33,299 2,778,582 0.095%

DC office Trust 2019-MTC 3.17 9/15/45 285,000 258,608 0.009%

Deephaven Residential Mortgage Trust 2018-2 3.48 4/25/58 104,654 106,466 0.004%

Deephaven Residential Mortgage Trust 2018-3 4.36 8/25/58 120,000 120,160 0.004%

Deephave Residential Mortgage Trust 2019-2 3.56 4/25/59 139,928 140,435 0.005%

Deere 46,322 7,279,502 0.248%

Denny's 39,079 394,698 0.013%

Denso 46,300 1,815,749 0.062%

Descartes Systems 38,762 2,050,510 0.070%

Devon Energy 33,900 384,426 0.013%

Diageo 119,253 3,963,641 0.135%

Diamondback Energy 2.88 12/1/24 380,000 380,475 0.013%



Diamondback Energy 27,143 1,135,120 0.039%

Digital Realty Trust, REIT 9,470 1,345,782 0.046%

Direct Line Insurance 269,036 902,090 0.031%

Discover Financial Services 4.1 2/9/27 225,000 245,213 0.008%

Discover Financial Services 3.75 3/4/25 320,000 345,003 0.012%

DNB 360,609 4,813,229 0.164%

DocuSign 21,096 3,632,942 0.124%

Dollar General 46,238 8,808,801 0.300%

Dollar Tree 4,660 431,889 0.015%

Dominion Energy 46,913 3,808,397 0.130%

Douglas Emmett, REIT 6,100 187,026 0.006%

Dril-Quip 9,800 291,942 0.010%

DRIVEN BRANDS FUNDING 3.79 7/20/50 130,000 130,000 0.004%

Drive Shack 69,300 128,205 0.004%

Dunkin Brands 8,844 576,894 0.020%

DuPont de Nemours 57,144 3,036,061 0.103%

EastGroup Properties, REIT 16,881 2,002,255 0.068%

East West Bancorp 23,517 852,256 0.029%

Ecolab 4.8 3/24/30 20,000 25,300 0.001%

Edison International 4.95 4/15/25 15,000 16,457 0.001%

Edison International 29,379 1,595,573 0.054%

Elanco Animal Health 177,022 3,797,122 0.129%

Elara Hgv Timeshare Issuer 2014 2.53 2/25/27 15,316 15,239 0.001%

Electric Power development 118,300 2,242,551 0.076%

Electronic Arts 1,649 217,750 0.007%

Elekta 258,604 2,408,993 0.082%

Element Fleet Management 455,808 3,401,101 0.116%

Element Solutions 76,287 827,714 0.028%

Ellington Financial Mortgage Trust 2019-2 2.74 11/25/59 197,403 198,121 0.007%

Empresa Nacional De Telecomunicaciones 4.88 10/30/24 325,000 343,380 0.012%

Enanta Pharmaceuticals 1,100 55,231 0.002%

Enbridge 170,288 5,180,161 0.177%

Encore Capital 24,844 849,168 0.029%

Enel Americas 4 10/25/26 95,000 101,039 0.003%

Enel Chile 4.88 6/12/28 390,000 436,238 0.015%

Enel Finance International 2.75 4/6/23 455,000 471,225 0.016%

Energy Transfer Operating 5.88 1/15/24 145,000 161,313 0.005%





Energy Transfer Operating 5 5/15/50 45,000 42,525 0.001%



Page 6 of 25

Energy Transfer Operating 6 6/15/48 145,000 150,438 0.005%

Engie 384,293 4,765,954 0.162%

Eni 4.75 9/12/28 360,000 407,081 0.014%

Entegris 41,600 2,456,480 0.084%

Entergy 57,800 5,422,218 0.185%

EOG Resources 32,282 1,635,406 0.056%

Equate Petrochemical BV 4.25 11/3/26 460,000 487,067 0.017%

Equifax 19,078 3,279,127 0.112%

Equinor 262,611 3,783,088 0.129%

Equitable Holdings 392,805 7,577,208 0.258%

Equity Bancshares 18,134 316,257 0.011%

ERO Copper 54,800 793,986 0.027%

Erste Group Bank 67,018 1,582,806 0.054%

ESCO Technologies 19,255 1,627,625 0.055%

Essent 27,972 1,014,544 0.035%

Essex Portfolio 3.38 4/15/26 170,000 184,659 0.006%

EssilorLuxottica 21,483 2,762,883 0.094%

E*TRADE Financial 142,582 7,090,603 0.242%

Etsy 8,954 951,183 0.032%

Euronet Worldwide 9,177 879,340 0.030%

Evo Payments 9,152 208,940 0.007%

Evotec 56,464 1,541,139 0.053%

Exact Sciences 14,847 1,290,798 0.044%

Exeter Automobile Receivables Trust 2020-1 2.26 4/15/24 255,000 257,587 0.009%

Expedia 5 2/15/26 295,000 303,850 0.010%

ExxonMobil 94,861 4,242,184 0.145%

Facebook 202,297 45,935,580 1.566%

Falabella 4.38 1/27/25 500,000 524,505 0.018%

Fannie Mae Connecticut Avenue Securities 1.13 10/25/29 16,431 16,415 0.001%





Fannie Mae Interest Strip 6.5 2/25/32 1,283 231 0.000%

Fannie Mae REMICS 4 6/25/44 166,787 170,918 0.006%

FB Financial 29,273 725,092 0.025%

Federal Home Loan Mortgage 6 10/1/21 1,495 1,522 0.000%

Federal Home Loan Mortgage 6 10/1/21 219 221 0.000%

Federal Home Loan Mortgage 4.5 10/1/39 28,215 31,395 0.001%








Federal Home Loan Mortgage 5.5 11/1/21 4 4 0.000%


























Page 7 of 25











Federal Home Loan Mortgage 6 8/1/38 937 1,094 0.000%














Federal National Mortgage Assn. 3 10/1/29 36,930 38,863 0.001%


Federal National Mortgage Assn. 5.5 10/1/35 13,772 15,824 0.001%







































Federal National Mortgage Assn. 6 1/1/22 572 584 0.000%







Page 8 of 25







Federal National Mortgage Assn. 2.5 1/1/44 1,955,000 2,037,247 0.069%













Federal National Mortgage Assn. 4.5 12/1/20 1 1 0.000%





















































Page 9 of 25














































Federal National Mortgage Assn. 6 6/1/36 996 1,161 0.000%



























Page 10 of 25




Federal National Mortgage Assn. 5.5 8/1/37 981 1,126 0.000%







































Federal Signal 14,800 440,004 0.015%

Fidelity National Financial 4.5 8/15/28 145,000 161,368 0.006%

Fidelity National Information Services 0.75 5/21/23 100,000 113,066 0.004%

Fidelity National Information Services 82,924 11,119,279 0.379%

Fiesta Restaurant 49,305 314,566 0.011%

Fifth Third Bancorp 2.55 5/5/27 80,000 85,457 0.003%

Fifth Third Bancorp 58,452 1,126,955 0.038%

First Bancshares 19,733 443,993 0.015%

FirstEnergy 3.9 7/15/27 500,000 565,377 0.019%

FirstEnergy 2.25 9/1/30 30,000 29,950 0.001%

FirstEnergy Transmission 4.35 1/15/25 385,000 429,240 0.015%

First Industrial Realty, REIT 14,946 574,524 0.020%

FirstKey Mortgage Trust 2014-1 4.01 11/25/44 88,466 83,845 0.003%

FirstService 22,560 2,272,920 0.077%

Fiserv 1.13 7/1/27 280,000 317,652 0.011%

Fiserv 92,852 9,064,212 0.309%

Five9 15,309 1,694,247 0.058%

Five Below 3,700 395,567 0.013%

Flagstar Mortgage Trust 2020-1NV 1.03 3/25/50 131,921 126,226 0.004%

FleetCor Technologies 5,841 1,469,187 0.050%

Fortive 18,317 1,239,328 0.042%

Fox 3.05 4/7/25 15,000 16,246 0.001%

Franco-Nevada 7,858 1,097,724 0.037%

Freddie Mac REMICS 4.5 5/25/50 224,919 35,187 0.001%

Freddie Mac Stacr Remic Trust 2019-Hqa4 0.95 11/25/49 17,928 17,846 0.001%

Freddie Mac Structured Agency Credit Risk debt Notes 2.03 10/25/27 64,760 64,667 0.002%





Page 11 of 25








FREMF 2018-K731 Mortgage Trust 4.06 2/25/25 345,000 368,333 0.013%




FREMF K-100 Mortgage Trust 3.61 11/25/52 245,000 256,529 0.009%

Fresenius 92,103 4,577,763 0.156%

G1 therapeutics 6,798 164,919 0.006%

Galton Funding Mortgage Trust 2017-1 3.5 11/25/57 108,915 112,042 0.004%


Galton Funding Mortgage Trust 2018-2 4 10/25/58 119,989 123,969 0.004%


Galton Funding Mortgage Trust 2019-H1 2.66 10/25/59 262,152 267,920 0.009%



GE 2,450,359 16,735,952 0.570%

Ge Capital International Funding Co Unlimited 3.37 11/15/25 535,000 558,332 0.019%

General Electric 5 6/15/69 101,000 78,906 0.003%

General Motors Financial 4 10/6/26 100,000 103,254 0.004%

General Motors Financial 5.1 1/17/24 285,000 304,886 0.010%




Generation Bio 2,941 61,761 0.002%

Generation Bio 9,493 189,385 0.006%

Gentherm 19,796 770,064 0.026%

Gibraltar Industries 25,662 1,232,033 0.042%

GlaxoSmithKline, ADR 131,183 5,350,955 0.182%

Global Blood Therapeutics 21,608 1,364,113 0.046%

Global Payments 73,801 12,518,126 0.427%

GLP Capital LP / GLP Financing II 3.35 9/1/24 60,000 60,062 0.002%

GM Financial Consumer Automobile Receivables Trust 2017-3 2.52 3/16/23 90,000 91,039 0.003%

GM Financial Consumer Automobile Receivables Trust 2019-4 2.04 2/18/25 150,000 152,254 0.005%

Goldman Sachs 3.5 11/16/26 230,000 252,434 0.009%

Goldman Sachs 14,978 2,959,952 0.101%

Golub Capital Partners CLO 39B 2.29 10/20/28 345,000 339,217 0.012%

Government National Mortgage Assn. 5.5 10/15/38 22,516 26,228 0.001%

Government National Mortgage Assn. 5 10/15/39 17,530 19,703 0.001%

Government National Mortgage Assn. 8 10/20/25 65 71 0.000%



















Government National Mortgage Assn. 6.5 12/20/33 625 748 0.000%









Page 12 of 25






Government National Mortgage Assn. 6.5 3/15/26 771 848 0.000%




Government National Mortgage Assn. 8 4/15/22 544 547 0.000%
























































Government National Mortgage Association 3 11/20/47 86,503 91,113 0.003%

Government National Mortgage Association 4.5 12/20/39 11,935 382 0.000%


Government National Mortgage Association 4.5 2/20/39 446 2 0.000%


Government National Mortgage Association 3.5 4/20/39 41,160 1,167 0.000%


Page 13 of 25



Graco 19,710 945,883 0.032%

Great Portland Estates 248,204 1,944,506 0.066%

Great Wolf Trust 2019-WOLF 2.12 12/15/36 190,000 173,830 0.006%

Grocery Outlet Holding 2,678 109,262 0.004%

GS Mortgage-Backed Securities Corp Trust 2019-PJ1 4 8/25/49 200,000 207,000 0.007%

GS Mortgage-Backed Securities Trust 2.45 7/25/44 17,297 17,382 0.001%

GS Mortgage-Backed Securities Trust 2020-INV1 3 8/25/50 535,000 551,635 0.019%

GS Mortgage Securities Corp Trust 2019-SOHO 1.48 6/15/36 355,000 334,639 0.011%

GS Mortgage Securities Trust 2015-GC28 3.76 2/10/48 180,000 189,251 0.006%

GS Mortgage Securities Trust 2017-GS8 4.48 11/10/50 480,000 464,664 0.016%

GS Mortgage Securities Trust 2019-GC40 3.16 7/10/52 465,000 514,390 0.018%

GS Mortgage Securities Trust 2019-GSA1 3.51 11/10/52 390,000 391,669 0.013%

Halcyon Loan Advisors Funding 2014-3 2.2 10/22/25 55,030 54,818 0.002%

Halliburton 270,490 3,510,960 0.120%

Hamamatsu Photonics KK 59,600 2,595,266 0.088%

Hanger 47,620 788,587 0.027%

Hanover Insurance Group 10,504 1,064,370 0.036%

Hardee s Funding 4.25 6/20/48 191,588 194,708 0.007%

Hardee s Funding 4.96 6/20/48 245,625 243,154 0.008%

Hartford Financial Services 97,889 3,773,621 0.129%

Hasbro 3 11/19/24 250,000 262,117 0.009%

Hasbro 3.55 11/19/26 120,000 126,199 0.004%

Haynes International 17,630 411,837 0.014%

HCA Healthcare 63,645 6,177,384 0.211%

Healthcare Realty Trust 3.63 1/15/28 260,000 273,495 0.009%

Healthpeak Properties 2.88 1/15/31 35,000 35,910 0.001%



Heathrow Funding 4.88 7/15/21 175,000 178,850 0.006%

Helios Technologies 18,374 684,432 0.023%

Heritage Commerce 51,672 387,798 0.013%

Heritage-Crystal Clean 21,214 370,396 0.013%

Heritage Financial Corp. 21,509 430,180 0.015%

Hess 22,715 1,176,864 0.040%

Highwoods Realty 3.05 2/15/30 350,000 347,747 0.012%

Highwoods Realty 4.13 3/15/28 110,000 117,875 0.004%

Hilton Grand Vacations Trust 2014 1.77 11/25/26 22,112 22,045 0.001%



Hilton Orlando Trust 2018-ORL 0.95 12/15/34 375,000 357,164 0.012%

Hilton Worldwide Holdings 69,884 5,132,980 0.175%

HMS Holdings 31,700 1,026,763 0.035%

Home Bancshares 92,112 1,416,683 0.048%

Home Depot 5,408 1,354,758 0.046%

Homeward Opportunities Fund I Trust 2019-1 3.45 1/25/59 179,992 183,095 0.006%





Homology Medicines 10,656 161,865 0.006%

Honda Motor 52,400 1,341,108 0.046%

Honeywell International 55,267 7,991,056 0.272%

HSBC Holdings 3.26 3/13/23 275,000 284,547 0.010%

HSBC Holdings 3.9 5/25/26 310,000 342,052 0.012%

HSBC Holdings 2.1 6/4/26 390,000 395,388 0.013%

Hudson Yards 2019-30HY Mortgage Trust 3.38 7/10/39 205,000 218,960 0.007%

Hudson Yards 2019-30HY Mortgage Trust 3.56 7/10/39 220,000 220,314 0.008%

Humana 3.85 10/1/24 190,000 208,256 0.007%

Humana 4.5 4/1/25 150,000 171,534 0.006%

Humana 4.88 4/1/30 110,000 135,439 0.005%

Humana 4,460 1,729,365 0.059%

Hyundai Auto Receivables Trust 2016 2.68 9/15/23 175,000 177,379 0.006%

Hyundai Capital America 2.38 2/10/23 245,000 246,767 0.008%

IAC/interactivecorp 16,373 5,295,028 0.180%

ICU Medical 5,609 1,033,795 0.035%

IGM Biosciences 4,783 349,159 0.012%

IGO 683,644 2,332,632 0.080%

IHS Markit 2,526 190,713 0.007%

Immunomedics 17,473 619,243 0.021%

Inari Medical 1,724 83,511 0.003%

Page 14 of 25

Incyte 31,468 3,271,728 0.112%

Ingersoll-Rand 45,646 1,283,566 0.044%

ING Groep 545,398 3,801,902 0.130%

Inphi 2,622 308,085 0.011%

Insmed 38,645 1,064,283 0.036%

Intel 116,388 6,963,494 0.237%

Intellia Therapeutics 2,370 49,817 0.002%

Intercontinental Exchange 66,337 6,076,469 0.207%

International Paper 118,772 4,181,962 0.143%

Intesa Sanpaolo 836,022 1,606,568 0.055%

InTown Hotel Portfolio Trust 2018-STAY 0.88 1/15/33 125,000 116,909 0.004%

InTown Hotel Portfolio Trust 2018-STAY 1.43 1/15/33 375,000 347,717 0.012%

Intuit 47,158 13,967,728 0.476%

Intuitive Surgical 16,009 9,122,408 0.311%

Investors Bancorp 60,126 511,071 0.017%

Iovance Biotherapeutics 3,828 105,079 0.004%

Ipsen 22,718 1,927,195 0.066%

iRhythm Technologies 12,138 1,406,673 0.048%

Jack in the Box Funding 3.98 8/25/49 258,700 266,583 0.009%

Jacobs Engineering Group 53,688 4,552,742 0.155%

JBG SMITH Properties, REIT 43,834 1,296,171 0.044%

Jimmy Johns Funding 3.61 7/30/47 53,488 52,462 0.002%

John Bean Technologies 19,982 1,718,852 0.059%

Johnson Controls International 17,423 594,821 0.020%

Johnson Matthey 101,102 2,633,084 0.090%

JOYY, ADR 31,095 2,753,462 0.094%

JPMBB Commercial Mortgage Securities Trust 2014-C19 4.24 4/15/47 125,000 132,683 0.005%

JPMDB Commercial Mortgage Securities Trust 2018-C8 4.9 6/15/51 165,000 153,015 0.005%

JPMorgan Chase 2.74 10/15/30 185,000 197,502 0.007%

JPMorgan Chase 2.08 4/22/26 490,000 507,762 0.017%

JPMorgan Chase 2.52 4/22/31 250,000 262,963 0.009%

JPMorgan Chase 3.11 4/22/51 230,000 247,742 0.008%

JPMorgan Chase 3.54 5/1/28 120,000 133,787 0.005%

JPMorgan Chase 2.96 5/13/31 880,000 934,342 0.032%

JPMorgan Chase 2.18 6/1/28 295,000 304,959 0.010%

JPMorgan Chase 9,035 849,832 0.029%

JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP2 3.06 8/15/49 165,000 168,704 0.006%

JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT 4.25 7/5/33 80,000 84,778 0.003%

JP Morgan Mortgage Trust 2019-INV2 3.5 2/25/50 129,558 132,420 0.005%



JP Morgan Mortgage Trust 2020-LTV1 3.5 6/25/50 283,054 291,523 0.010%

JP Morgan Mortgage Trust 2020-LTV1 3.5 6/25/50 125,802 129,960 0.004%

Kansas City Southern 10,502 1,567,844 0.053%

Kering 5,057 2,764,746 0.094%

Keysight Technologies 4.6 4/6/27 140,000 164,214 0.006%

Keysight Technologies 59,674 6,013,946 0.205%

Kilroy Realty 3.45 12/15/24 470,000 486,134 0.017%

Kinder Morgan 5.63 11/15/23 122,000 137,857 0.005%

Kinder Morgan Energy Partners 3.5 3/1/21 30,000 30,252 0.001%

Kingfisher 1,045,323 2,875,870 0.098%

Kion 47,873 2,947,521 0.100%

Kirin Holdings 98,100 2,067,925 0.070%

KLA 1,807 351,425 0.012%

Knight-Swift Transportation Holdings 40,424 1,686,085 0.057%

Knorr-Bremse 22,050 2,237,750 0.076%

Koninklijke Philips 205,343 9,593,156 0.327%

Krystal Biotech 3,801 157,437 0.005%

KT 55,720 1,097,703 0.037%

L3Harris Technologies 2,920 495,436 0.017%

Lam Research 6,745 2,181,738 0.074%

Landstar System 6,029 677,117 0.023%

Largan Precision 16,000 2,224,640 0.076%

Las Vegas Sands 3.5 8/18/26 95,000 94,644 0.003%

Las Vegas Sands 3.2 8/8/24 60,000 59,475 0.002%

Lattice Semiconductor 108,206 3,071,968 0.105%

Legend Biotech, ADR 1,496 63,670 0.002%

Legrand 32,680 2,483,096 0.085%

Liberty Oilfield Services 80,552 441,425 0.015%

Linde 92,369 19,592,389 0.668%

Littelfuse 5,731 977,881 0.033%

Live Oak Bancshares 27,920 405,119 0.014%

Page 15 of 25

Lloyds Banking Group 6,285,461 2,424,675 0.083%

LM Ericsson 529,131 4,904,810 0.167%

L'Oreal 17,995 5,807,800 0.198%

lululemon athletica 16,143 5,036,777 0.172%

Lundin Mining 85,393 457,912 0.016%

Macquarie Group 45,466 3,773,309 0.129%

Madison Park Funding XXXIII 2.55 10/15/32 635,000 621,692 0.021%

Madison Park Funding XXXVII 2.52 7/15/32 250,000 243,710 0.008%

Magna International 139,869 6,228,367 0.212%

Magnetite XVIII 1.47 11/15/28 250,000 245,070 0.008%

Magnetite XXIII 2.29 10/25/32 465,000 454,481 0.015%

Magnolia Oil & Gas 101,299 613,872 0.021%

Marel HF 21,641 110,523 0.004%

Marriott 63,768 5,466,831 0.186%

Marsh & McLennan 2.25 11/15/30 85,000 88,164 0.003%

Marsh & McLennan 99,666 10,701,138 0.365%

Marvell Technology Group 133,330 4,674,550 0.159%

MasterCard 65,950 19,501,415 0.665%

Match 821 87,888 0.003%

Matson 38,197 1,111,533 0.038%

Maxim Integrated Products 13,708 830,842 0.028%

McDonald's 37,354 6,890,692 0.235%

Medtronic 28,207 2,586,582 0.088%

Meggitt 645,358 2,350,617 0.080%

Melrose Industries 1,596,870 2,250,850 0.077%

Meridian Bancorp 47,448 550,397 0.019%

Meritor 57,908 1,146,578 0.039%

Mesa Laboratories 1,486 322,165 0.011%

MetLife 170,098 6,211,979 0.212%

MGE Energy 4,339 279,909 0.010%

Michaels 77,470 547,713 0.019%

Micron Technology 4.19 2/15/27 185,000 207,200 0.007%




Micron Technology 158,182 8,149,537 0.278%

Microsoft 376,844 76,691,522 2.614%

Middlesex Water 10,950 735,621 0.025%

Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets 6.5 6/20/27 215,000 215,269 0.007%

Mill City Mortgage Loan Trust 2016-1 2.5 4/25/57 32,555 32,931 0.001%

Mill City Mortgage Loan Trust 2017-2 2.75 7/25/59 112,281 115,026 0.004%

Minerals Technologies 17,100 802,503 0.027%

Mitsubishi Corporation 101,000 2,134,304 0.073%

Mitsubishi Electric 400,200 5,227,120 0.178%

Mitsubishi UFJ Financial 533,500 2,099,603 0.072%

Mitsubishi UFJ Lease & Finance 302,700 1,444,439 0.049%

Mitsui Fudosan 197,400 3,506,757 0.120%

MKS Instruments 3,050 345,382 0.012%

mo Fisher Scientific 0.13 3/1/25 100,000 110,637 0.004%



Molina Healthcare 15,169 2,699,779 0.092%

Momenta Pharmaceuticals 23,072 767,605 0.026%

Moncler 86,598 3,329,985 0.114%

Monolithic Power Systems 1,645 389,865 0.013%

Monro 29,400 1,615,236 0.055%

Morgan Stanley 4.43 1/23/30 95,000 112,808 0.004%

Morgan Stanley 3.75 2/25/23 530,000 571,745 0.019%

Morgan Stanley 4 7/23/25 1,035,000 1,170,609 0.040%

Morgan Stanley 520,199 25,125,612 0.856%

Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18 3.75 8/15/31 125,000 129,856 0.004%



Morgan Stanley Capital I Trust 2015-MS1 4.17 5/15/48 25,000 26,713 0.001%

Morgan Stanley Capital I Trust 2017-ASHF 1.43 11/15/34 240,000 216,496 0.007%

Motorola Solutions 29,044 4,069,936 0.139%

MSA Safety 2,700 308,988 0.011%

MSCG Trust 2018-SELF 1.08 10/15/37 235,000 231,475 0.008%

MSCI 2,851 951,721 0.032%

Mueller Water Products 73,515 693,246 0.024%

Munich Re 29,138 7,587,354 0.259%

Murata Manufacturing 58,200 3,430,803 0.117%

Page 16 of 25

MVW Owner Trust 2013-1 2.15 4/22/30 7,574 7,578 0.000%

MVW Owner Trust 2014-1 2.25 9/22/31 15,222 15,106 0.001%

MyoKardia 12,994 1,255,480 0.043%

National Bank of Canada 89,819 4,070,172 0.139%

National Cinemedia 77,320 229,640 0.008%

National Grid 294,014 3,587,075 0.122%

National Instruments 37,835 1,464,593 0.050%

NAVER 10,735 2,415,195 0.082%

Navient Private Education Loan Trust 2017 2.88 12/16/58 84,238 85,543 0.003%

Navient Private Education Refi Loan Trust 2019-F 2.6 8/15/68 370,000 380,165 0.013%

Navient Private Education Refi Loan Trust 2020-D 1.69 5/15/69 200,000 200,761 0.007%

Nelnet Student Loan Trust 2020-1 0.92 3/26/68 136,446 134,334 0.005%

Nestle 167,924 18,617,839 0.635%

Netflix 4.63 5/15/29 290,000 360,930 0.012%

Netflix 37,597 17,108,139 0.583%

Neuberger Berman CLO XIX 2.37 7/15/27 625,000 596,590 0.020%

Neuberger Berman CLO XVI-S 2.07 1/15/28 318,773 314,761 0.011%

Neuberger Berman Loan Advisers CLO 29 2.27 10/19/31 250,000 244,138 0.008%

Nevro 6,466 772,493 0.026%

New Fortress Energy 5,170 67,003 0.002%

New Residential Mortgage Loan Trust 2019-NQM1 3.67 1/25/49 177,981 178,625 0.006%






Next 32,507 1,968,129 0.067%

NextEra Energy 99,194 23,823,423 0.812%

Nextera Energy Partners 13,600 697,408 0.024%

NexTier Oilfield Solutions 126,301 309,437 0.011%

Nike 5,511 540,354 0.018%

Nippon Telegraph & Telephone 412,700 9,615,684 0.328%

NiSource 3.6 5/1/30 155,000 176,913 0.006%

NiSource 103,612 2,356,137 0.080%

Nomad Foods 38,738 830,930 0.028%

Norfolk Southern 31,072 5,455,311 0.186%

Northern Star Resources 140,538 1,325,411 0.045%

Northrop Grumman 305 93,769 0.003%

Novanta 19,568 2,089,275 0.071%

Novartis 127,245 11,085,720 0.378%

Novo Nordisk 30,086 1,960,035 0.067%

NRG Energy 3.75 6/15/24 35,000 36,945 0.001%

NRG Energy 4.45 6/15/29 115,000 121,325 0.004%

NTT Data 276,300 3,089,140 0.105%

NuVasive 10,391 578,363 0.020%

NVIDIA 35,630 13,536,193 0.461%

NXP BV / NXP Funding 5.35 3/1/26 105,000 124,190 0.004%

NXP BV / NXP Funding LLC / NXP USA 2.7 5/1/25 20,000 20,935 0.001%

NXP BV / NXP Funding LLC / NXP USA 3.15 5/1/27 40,000 42,181 0.001%

NXP Semiconductors 128,170 14,616,507 0.498%

OBX 2019-EXP2 Trust 4 6/25/59 172,575 179,596 0.006%

OBX 2019-EXP3 Trust 3.5 10/25/59 146,165 149,897 0.005%

OBX 2020-EXP1 Trust 3.5 2/25/60 176,088 181,068 0.006%

OBX 2020-EXP1 Trust 0.93 2/25/60 88,160 88,264 0.003%

Occidental Petroleum 2.6 8/13/21 129,000 126,098 0.004%

Occidental Petroleum 2.9 8/15/24 650,000 555,750 0.019%

OCP CLO 2020-19 2.07 7/20/31 250,000 249,370 0.009%

Octagon Investment Partners XXIII 2.07 7/15/27 250,000 244,677 0.008%

Odonate therapeutics 2,672 113,132 0.004%

Ollies Bargain Outlet Holdings 30,569 2,985,063 0.102%

Omnicom Group Inc / Omnicom Capital 3.65 11/1/24 165,000 181,390 0.006%

Omron 33,700 2,257,167 0.077%

ONE Gas 23,094 1,779,393 0.061%

OneSpaWorld Holdings 21,930 104,606 0.004%

Open Lending 25,732 369,126 0.013%

Oracle 2.8 4/1/27 195,000 212,523 0.007%

Oracle 2.95 4/1/30 315,000 350,688 0.012%

Oracle 3.6 4/1/50 415,000 463,473 0.016%

Orchard therapeutics, ADR 27,307 163,842 0.006%

O'Reilly Automotive 6,680 2,816,756 0.096%

Origin Bancorp 24,660 542,520 0.018%

Otis Worldwide 17,786 1,011,312 0.034%

Page 17 of 25

Otsuka Holdings 87,600 3,817,779 0.130%

OZLM VII 2.14 7/17/29 247,927 241,866 0.008%

OZLM VIII 2.3 10/17/29 368,185 358,983 0.012%

Pacific Gas & Electric 3.95 12/1/47 155,000 162,750 0.006%





Pacific Premier Bancorp 35,682 773,586 0.026%

Packaging Corporation of America 87,412 8,723,718 0.297%

Palisades Center Trust 2016-PLSD 2.71 4/13/33 355,000 346,514 0.012%

Panasonic 262,800 2,304,506 0.079%

Papa John's International 27,892 2,214,904 0.075%

Paramount, REIT 9,669 74,548 0.003%

Parsley Energy 24,293 259,449 0.009%

Parsons 11,146 403,931 0.014%

Paycom Software 8,441 2,614,431 0.089%

PayPal Holdings 102,701 17,893,595 0.610%

PDF Solutions 30,369 594,018 0.020%

Pennant 14,045 317,417 0.011%

PennyMac Financial Services 35,207 1,471,301 0.050%

Penumbra 3,126 558,991 0.019%

PerkinElmer 3.3 9/15/29 260,000 278,331 0.009%

Perrigo Finance Unlimited 4.38 3/15/26 400,000 436,136 0.015%

Perrigo Finance Unlimited 3.15 6/15/30 235,000 237,654 0.008%

Persimmon 82,795 2,343,219 0.080%

Perusahaan Gas Negara 5.13 5/16/24 500,000 524,980 0.018%

Perusahaan Perseroan Persero PT Perusahaan Listrik Negara 5.45 5/21/28 500,000 576,798 0.020%

Perusahaan Perseroan Persero PT Perusahaan Listrik Negara 4 6/30/50 300,000 293,273 0.010%

PGT Innovations 35,486 556,420 0.019%

Philip Morris International 57,047 3,996,713 0.136%

PICC Property & Casualty 3,260,000 2,709,275 0.092%

Ping An Insurance 225,000 2,243,023 0.076%

Pinnacle Financial Partners 27,386 1,149,938 0.039%

Pioneer Natural Resources 1,969 192,371 0.007%

PNM Resources 50,156 1,927,997 0.066%

Pola Orbis Holdings 32,500 567,403 0.019%

Popular 13,000 483,210 0.016%

Post Holdings 14,700 1,288,014 0.044%

PPG Industries 36,356 3,855,917 0.131%

PRA Group 26,282 1,016,062 0.035%

Principal Financial Group 16,689 693,261 0.024%

Principia Biopharma 7,397 442,267 0.015%

Professional Holding 8,748 121,422 0.004%

Prologis, REIT 268,529 25,061,812 0.854%

Proofpoint 11,400 1,266,768 0.043%

Prosperity Bancshares 14,862 882,506 0.030%

Prudential Financial 10,362 631,046 0.022%

Prysmian 119,508 2,772,373 0.094%

PS Business Parks, REIT 12,827 1,698,295 0.058%

PTC Therapeutics 5,400 273,996 0.009%

Quaker Chemical 6,436 1,194,843 0.041%

Qualcomm 195,736 17,853,081 0.609%

Quidel 16,565 3,706,253 0.126%

QVC 5.13 7/2/22 545,000 549,088 0.019%

Radius Health 40,254 548,662 0.019%

Reata Pharmaceuticals 4,621 720,968 0.025%

Recruit Holdings 104,400 3,590,337 0.122%

Red Robin Gourmet Burgers 21,837 222,737 0.008%

Regency Centers 3.6 2/1/27 160,000 169,541 0.006%

Regency Centers 3.7 6/15/30 70,000 74,856 0.003%

Regency Centers, REIT 7,440 341,422 0.012%

Regeneron Pharmaceuticals 1,148 715,950 0.024%

REI - SECURITY LENDING COLLATERAL 2,478,236 24,782,361 0.845%

Renesas Electronics 177,100 910,366 0.031%

Rentokil Initial 194,959 1,232,755 0.042%

Restaurant Brands International 2,006 109,588 0.004%

RETL 2019-RVP 1.33 3/15/36 32,774 31,179 0.001%

Rexford Industrial Realty, REIT 29,500 1,222,185 0.042%

Reynolds American 4.45 6/12/25 175,000 197,153 0.007%

Reynolds American 5.85 8/15/45 130,000 159,236 0.005%

Reynolds Consumer Products 4,849 168,454 0.006%

Page 18 of 25

RH 3,077 765,865 0.026%

Rio Tinto 19,855 1,359,539 0.046%

Roche Holding 36,055 12,491,238 0.426%

Rockwell Automation 23,311 4,965,243 0.169%

Roper Technologies 2 6/30/30 45,000 44,987 0.002%

Roper Technologies 20,664 8,023,005 0.273%

Ross Stores 79,915 6,811,955 0.232%

Royal Bank Of Scotland 6.13 12/15/22 290,000 316,561 0.011%



Royal Dutch Shell, ADR 64,114 1,952,271 0.067%

Sabine Pass Liquefaction 5 3/15/27 545,000 609,038 0.021%

Sabine Pass Liquefaction 4.5 5/15/30 40,000 44,150 0.002%

Sabine Pass Liquefaction 5.88 6/30/26 15,000 17,625 0.001%

Safety Insurance Group 6,858 522,991 0.018%

Safran 26,610 2,676,722 0.091%

Saia 4,900 544,782 0.019%

Salesforce.com 83,015 15,551,200 0.530%

Sampo 112,756 3,886,658 0.132%

Samsonite International 841,500 858,364 0.029%

Samsung Electronics 153,637 6,801,146 0.232%

Sanderson Farms 7,885 913,793 0.031%

Sanofi 66,110 6,742,175 0.230%

Santander Drive Auto Receivables Trust 2017-1 2.58 5/16/22 793 794 0.000%

Santander Retail Auto Lease Trust 2019 3.31 6/20/24 325,000 326,826 0.011%

SAP 47,202 6,598,313 0.225%

Saudi Arabian Oil 3.5 4/16/29 550,000 594,080 0.020%

Saudi Arabian Oil 4.38 4/16/49 200,000 226,514 0.008%

SBA Tower Trust 3.87 10/8/24 290,000 299,994 0.010%

SBA Tower Trust 2.84 1/15/25 340,000 350,215 0.012%

SBA Tower Trust 3.45 3/15/23 125,000 128,890 0.004%

SBA Tower Trust 3.17 4/15/22 280,000 283,052 0.010%

Scentre 723,909 1,098,994 0.037%

Scholar Rock Holding 7,657 139,434 0.005%

Sea, ADR 38,522 4,131,099 0.141%

Seacoast Banking 44,809 914,104 0.031%

Seasoned Credit Risk Transfer Trust Series 2016-1 3 9/25/55 60,000 59,275 0.002%

Seattle Genetics 9,968 1,693,763 0.058%

Selective Insurance 29,360 1,548,446 0.053%

Selectquote 7,091 179,615 0.006%

Selectquote 11,000 264,699 0.009%

Sempra Energy 8,140 797,274 0.027%

Sempra Energy 1,454 141,297 0.005%

Sempra Energy 119,577 14,018,012 0.478%

Semtech 8,705 454,575 0.015%

Sequoia Mortgage Trust 2013-4 3.49 4/25/43 281,708 282,565 0.010%

Sequoia Mortgage Trust 2017-5 3.84 8/25/47 120,953 124,771 0.004%

Sequoia Mortgage Trust 2017-CH2 4 12/25/47 159,774 164,435 0.006%

Sequoia Mortgage Trust 2018-CH1 3.5 2/25/48 49,647 50,797 0.002%



ServiceMaster Global Holdings 8,800 314,072 0.011%

ServiceNow 42,828 17,347,910 0.591%

Seven Generations Energy 64,400 143,733 0.005%

Seven & i Holdings 121,200 3,964,879 0.135%

SG Residential Mortgage Trust 2019-3 2.7 9/25/59 190,215 191,792 0.007%

Sherwin-Williams 1,237 714,800 0.024%

Shift4 Payments 4,657 165,324 0.006%

Siemens 89,394 10,542,829 0.359%

Siemens Healthineers 75,327 3,620,811 0.123%

Sierra Timeshare 2015-3 Receivables Funding 2.58 9/20/32 11,046 11,021 0.000%

Signature Bank 7,217 771,642 0.026%

Simon Property 3.38 10/1/24 450,000 482,920 0.016%

Simon Property 3.3 1/15/26 40,000 42,275 0.001%

Simon Property 3.5 9/1/25 100,000 108,031 0.004%

SiteOne Landscape Supply 21,557 2,456,851 0.084%

SJW 16,058 997,362 0.034%

Skyline Champion 28,457 692,643 0.024%

SLIde 2018-FUN 2.48 6/15/31 219,195 188,471 0.006%

SLM Corporation 47,235 332,062 0.011%

SLM Student Loan Trust 2008-5 2.69 7/25/23 96,500 94,928 0.003%

SLM Student Loan Trust 2008-9 2.49 4/25/23 93,648 91,629 0.003%

Page 19 of 25

SMBC Aviation Capital Finance DAC 3.55 4/15/24 210,000 214,847 0.007%

SMBC Aviation Capital Finance DAC 4.13 7/15/23 245,000 254,453 0.009%

Smb Private Education Loan Trust 2015 2.98 7/15/27 65,394 66,490 0.002%








SMC 2,900 1,490,371 0.051%

Snap Inc. 83,736 1,966,959 0.067%

SOFTBANK GROUP CORP 44,300 2,233,946 0.076%

Sony 44,200 3,051,134 0.104%

South32 984,683 1,394,036 0.048%

Southern 3.25 7/1/26 260,000 285,212 0.010%

Southern 44,861 1,959,893 0.067%

Southern Company 161,784 8,388,500 0.286%

South State 21,972 1,047,186 0.036%

Southwest Gas Holdings 26,943 1,860,414 0.063%

S&P Global 16,422 5,410,721 0.184%

Splunk 33,687 6,693,607 0.228%

Spotify Technology 14,577 3,763,636 0.128%

SS&C Technologies Holdings 32,627 1,842,773 0.063%

STACR Trust 2018-DNA2 0.98 12/25/30 48,880 48,754 0.002%

STACR Trust 2018-DNA3 0.93 9/25/48 213 212 0.000%

STACR Trust 2018-HRP2 1.43 2/25/47 198,667 195,654 0.007%

Standard Chartered 4.64 4/1/31 200,000 227,000 0.008%

Standard Chartered 170,226 922,757 0.031%

Stanley Black & decker 610 695,322 0.024%

Stanley Black & Decker 15,161 2,113,140 0.072%

Stanley Electric 84,600 2,047,963 0.070%

Starwood Mortgage Residential Trust 2018-IMC2 4.12 10/25/48 138,463 142,811 0.005%

Starwood Mortgage Residential Trust 2019-1 2.94 6/25/49 183,326 184,015 0.006%

Starwood Mortgage Residential Trust 2019-1 3.15 6/25/49 159,192 158,239 0.005%

Starwood Mortgage Residential Trust 2019-IMC1 3.47 2/25/49 146,245 149,964 0.005%

Starwood Mortgage Residential Trust 2019-INV1 2.61 9/27/49 272,069 272,934 0.009%

State Auto Financial 14,235 254,095 0.009%

State Street 5,814 369,480 0.013%

Stella-Jones 881 22,155 0.001%

Sterling Bancorp Inc/MI 34,240 122,579 0.004%

Steven Madden 4,900 120,981 0.004%

StoneCo 15,881 615,548 0.021%

Stoneridge 19,785 408,758 0.014%

Stora Enso 292,085 3,496,047 0.119%

Storebrand 460,150 2,397,952 0.082%

Strategic Education 2,017 309,912 0.011%

Stroeer SE & Co KGaA 26,888 1,814,447 0.062%

Stryker 84,594 15,242,993 0.520%

Sumitomo Corporation 240,000 2,760,345 0.094%

Sumitomo Mitsui Trust Holdings 64,458 1,816,450 0.062%

Sumitomo Rubber Industries 90,100 892,396 0.030%

Sun Communities, REIT 34,991 4,747,579 0.162%

Suncor Energy 2.8 5/15/23 30,000 31,232 0.001%

Suncor Energy 3.1 5/15/25 45,000 48,067 0.002%

Sun Life Financial 120,427 4,425,533 0.151%

Suzuki Motor 68,200 2,328,765 0.079%

Svenska Handelsbanken 359,349 3,412,135 0.116%

Symphony CLO XVII 2.1 4/15/28 485,000 478,335 0.016%

Synchrony Financial 4.38 3/19/24 65,000 68,497 0.002%

Synchrony Financial 4.25 8/15/24 45,000 47,200 0.002%

Syngenta Finance 3.93 4/23/21 395,000 398,960 0.014%

Synopsys 60,473 11,792,235 0.402%

Tabula Rasa HealthCare 3,416 186,958 0.006%

Taco Bell Funding 4.32 11/25/48 325,050 331,967 0.011%

Taiwan Semiconductor Manufacturing 705,759 7,537,168 0.257%

Takeda Pharmaceutical, ADR 85,664 1,535,956 0.052%

Target 5,403 647,982 0.022%

TC Energy 161,749 6,932,562 0.236%

Team 33,700 187,709 0.006%

TechnoPro Holdings 38,700 2,234,135 0.076%

Telecom Italia 3,255,684 1,267,111 0.043%

Page 20 of 25

Teledyne Technologies 6,610 2,055,380 0.070%

Teleflex 326 118,657 0.004%

Teleperformance 8,819 2,246,030 0.077%

Tempur Sealy International 12,300 884,985 0.030%

Tencent Holdings 347,000 22,235,036 0.758%

Tetra Tech 5,150 407,468 0.014%

Texas Instruments 59,433 7,546,208 0.257%

Therapeutics MD 224,975 281,219 0.010%

Thermo Fisher Scientific 60,398 21,884,611 0.746%

Thermon Group Holdings 9,460 137,832 0.005%

THK 100,400 2,499,719 0.085%

TJX 49,667 2,511,164 0.086%

T-Mobile USA 2.05 2/15/28 120,000 119,688 0.004%

T-Mobile USA 3.5 4/15/25 110,000 119,708 0.004%

T-Mobile USA 3.75 4/15/27 550,000 608,087 0.021%

T-Mobile USA 3.88 4/15/30 200,000 221,578 0.008%

T-Mobile USA 4.5 4/15/50 110,000 128,320 0.004%

Tokio Marine Holdings 108,800 4,762,506 0.162%

Tokyo Electron 11,700 2,886,902 0.098%

Toro 12,336 818,370 0.028%

Tosoh 35,700 490,408 0.017%

Total 143,110 5,518,070 0.188%

Towd Point Mortgage Trust 2015-3 3 3/25/54 27,840 28,050 0.001%

Towd Point Mortgage Trust 2015-4 3.75 4/25/55 150,000 159,179 0.005%




Towd Point Mortgage Trust 2016-1 3 2/25/55 69,624 71,218 0.002%






Towd Point Mortgage Trust 2018-SJ1 4 10/25/58 129,042 130,206 0.004%

Towne Bank/Portsmouth VA 17,687 333,223 0.011%

Toyota Motor 98,400 6,187,794 0.211%

Transcontinental Gas Pipe Line 4 3/15/28 90,000 99,285 0.003%

Transcontinental Gas Pipe Line 4.6 3/15/48 130,000 147,140 0.005%

Transurban Finance Co Pty 4.13 2/2/26 55,000 60,194 0.002%

Transurban Finance Co Pty 3.38 3/22/27 255,000 268,596 0.009%

TreeHouse Foods 29,680 1,299,984 0.044%

Tricida 13,385 367,820 0.013%

Trinity Acquisition 4.4 3/15/26 195,000 221,928 0.008%

Trip.Com, ADR 4,120 106,790 0.004%

Tri Pointe 44,200 649,298 0.022%

TRP Inflation Protected Bond - I 479 6,129 0.000%

TRP Inst Emerging Markets Bd - Inst 4,054,179 31,987,469 1.090%

TRP Inst Emerging Markets Eq - Inst 4,712,844 181,114,587 6.174%

TRP Inst Floating Rate - Inst 1,989,546 18,462,988 0.629%

TRP Institutional High Yield - Inst 3,791,246 31,164,039 1.062%

TRP International Bond (USD Hgd) - I 5,821,987 58,685,631 2.000%

TRP Limited Duration Infl Foc Bd - I 17,484 88,996 0.003%

TRP Real Assets - I 5,143,917 53,496,742 1.824%

TRP Treasury Reserve 0.21 86,241,717 86,241,717 2.940%

TRP US Treasury Long-Term - I 2,256,005 34,742,483 1.184%

Truist Financial 12,759 479,100 0.016%

Turning Point therapeutics 6,098 393,870 0.013%

Twilio 2,396 525,730 0.018%

Tyson Foods 146,312 8,736,290 0.298%

Ubs 2.86 8/15/23 345,000 357,393 0.012%

Ultragenyx Pharmaceutical 15,581 1,218,746 0.042%

Umicore 61,027 2,880,711 0.098%

Unilever 215,934 11,647,673 0.397%

Union Pacific 34,391 5,814,486 0.198%

United Airlines 2019-2 Class AA Pass Through Trust 2.7 5/1/32 50,000 44,504 0.002%

United Airlines 2019-2 Class A Pass Through Trust 2.9 5/1/28 80,000 65,667 0.002%

United Airlines Holdings 761 26,338 0.001%

Unitedhealth 4.45 12/15/48 205,000 271,156 0.009%

Unitedhealth 2 5/15/30 85,000 88,896 0.003%

Unitedhealth 2.75 5/15/40 110,000 115,985 0.004%

Unitedhealth 2.9 5/15/50 155,000 163,018 0.006%

Unitedhealth 3.5 8/15/39 80,000 92,683 0.003%

Page 21 of 25

UnitedHealth Group 62,768 18,513,422 0.631%

United Overseas Bank 213,900 3,125,479 0.107%

United Rentals 9,597 1,430,337 0.049%

UPS 40,749 4,530,474 0.154%

Upwork 14,200 205,048 0.007%

US Airways 2012-2 Class A Pass Through Trust 4.63 6/3/25 181,405 152,603 0.005%

US Airways 2013-1 Class A Pass Through Trust 3.95 11/15/25 77,095 64,391 0.002%

U.S. Physical Therapy 9,783 792,619 0.027%

U.S. Treasury Bonds 1.63 11/15/22 1,785,000 1,846,638 0.063%

U.S. Treasury Bonds 2.38 11/15/49 2,830,000 3,492,397 0.119%

U.S. Treasury Bonds 1.5 2/15/30 940,000 1,015,788 0.035%

U.S. Treasury Bonds 3 2/15/49 913,500 1,260,059 0.043%

U.S. Treasury Bonds 2 2/15/50 865,000 989,749 0.034%

U.S. Treasury Notes 1.63 12/15/22 7,780,000 8,058,378 0.275%





Valero Energy 2.85 4/15/25 20,000 21,083 0.001%

Valmont Industries 972 110,439 0.004%

Vanke Real Estate Hong Kong 5.35 3/11/24 500,000 553,419 0.019%

Veeva Systems 8,486 1,989,288 0.068%

Vereit Operating Partnership 4.63 11/1/25 320,000 346,320 0.012%





Verizon Communications 4.75 11/1/41 55,000 71,795 0.002%




Verizon Owner Trust 2018-1 3.2 9/20/22 195,000 197,988 0.007%

Vertex Pharmaceuticals 46,018 13,359,486 0.455%

Verus Securitization Trust 2018-2 3.68 6/1/58 116,349 117,754 0.004%


Verus Securitization Trust 2018-INV1 3.85 3/25/58 49,409 49,468 0.002%










Visa 122,678 23,697,709 0.808%

Vista Point Securitization Trust 2020-1 1.76 3/25/65 185,000 184,997 0.006%

Visteon 8,030 550,055 0.019%

Vistra Operations 3.7 1/30/27 565,000 576,300 0.020%



VMware 9,738 1,508,027 0.051%

Vodafone 4.13 5/30/25 230,000 260,075 0.009%

Vodafone 5.25 5/30/48 500,000 650,726 0.022%

Vodafone 4.88 6/19/49 270,000 337,879 0.012%

Vodafone, ADR 221,733 3,534,424 0.120%

Volkswagen Bank GmbH 1.88 1/31/24 100,000 114,895 0.004%

Volkswagen Bank GmbH 2.5 7/31/26 100,000 119,547 0.004%

Volkswagen Group of America Finance 2.85 9/26/24 250,000 262,530 0.009%

Volkswagen Group of America Finance 3.2 9/26/26 380,000 406,930 0.014%

Volkswagen Leasing GmbH 1.63 8/15/25 110,000 124,629 0.004%

Vroom 3,156 164,554 0.006%

Vroom 22,420 1,110,530 0.038%

Wal-Mart 1,731 207,339 0.007%

Walt Disney 46,714 5,209,078 0.178%

Webster Financial 22,237 636,201 0.022%

Welcia Holdings 21,900 1,769,238 0.060%

Wellfleet CLO 2017-2A 2.2 10/20/29 285,000 277,497 0.009%

Wells Fargo 2.88 10/30/30 500,000 534,525 0.018%

Wells Fargo 2.57 2/11/31 295,000 308,700 0.011%

Wells Fargo 2.19 4/30/26 150,000 155,051 0.005%

Wells Fargo 3.07 4/30/41 435,000 454,926 0.016%

Page 22 of 25

Wells Fargo 2.39 6/2/28 170,000 175,500 0.006%

Wells Fargo Commercial Mortgage Trust 2015-C29 4.36 6/15/48 460,000 416,130 0.014%

Wells Fargo Commercial Mortgage Trust 2015-NXS2 4.44 7/15/58 40,000 36,427 0.001%






Wells Fargo Commercial Mortgage Trust 2019-JWDR 2.58 9/15/31 365,000 359,359 0.012%

Wells Fargo Commercial Mortgage Trust 2019-JWDR 2.79 9/15/31 105,000 99,675 0.003%


Western Alliance Bancorp 32,634 1,235,850 0.042%

West Fraser Timber 14,988 526,832 0.018%

Westlake Chemical 1.63 7/17/29 100,000 107,062 0.004%

Westrock 68,365 1,931,995 0.066%

Weyerhaeuser, REIT 112,743 2,532,208 0.086%

WFRBS Commercial Mortgage Trust 2013-C11 4.34 3/15/45 310,000 308,638 0.011%




Williams 3.9 1/15/25 490,000 534,713 0.018%

Williams 4.85 3/1/48 115,000 127,219 0.004%

Williams 4.3 3/4/24 10,000 10,900 0.000%

Williams 4.55 6/24/24 335,000 370,594 0.013%

Williams 4 9/15/25 495,000 548,213 0.019%

Williams Companies 359,934 6,845,945 0.233%

Willis North America 3.6 5/15/24 270,000 291,913 0.010%

Willis Towers Watson 30,604 6,027,458 0.205%

Wilmar International 887,800 2,625,909 0.090%

Wix.com 13,863 3,551,978 0.121%

Woodside Finance 3.7 3/15/28 515,000 527,875 0.018%



Workday 33,577 6,290,987 0.214%

Worldwide Plaza Trust 2017-WWP 3.53 11/10/36 230,000 253,510 0.009%

Worley 332,178 2,032,531 0.069%

WPP 300,643 2,343,900 0.080%

WPP Finance 2010 3.75 9/19/24 530,000 570,679 0.019%

Wynn Resorts 1,570 116,949 0.004%

Xencor 18,906 612,365 0.021%

Xilinx 20,927 2,059,008 0.070%

XP 15,146 636,283 0.022%

Yum! Brands 84,434 7,338,159 0.250%

Zalando 51,818 3,675,979 0.125%

Zendesk 3,600 318,708 0.011%

Zentalis Pharmaceuticals 3,056 146,749 0.005%

Z Holdings 481,900 2,365,033 0.081%

Zimmer Biomet Holdings 15,419 1,840,412 0.063%

Zoetis 14,399 1,973,239 0.067%

Zoom Video Communications 5,274 1,337,170 0.046%

Zurich Insurance Group 12,556 4,448,974 0.152%

Zynga 151,074 1,441,246 0.049%

Miscellaneous Securities ‡ 10,189,810

Total Investments in Securities 2,961,854,769

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

Forwards Contracts

Currency

Bought Receive

Currency

Sold Deliver Settlement Unrealized G/L % of Net Assets

GOLDMAN SACHS & CO USD 604,338 EUR (556,947) 08/21/2020 (22,107) -0.001%

MORGAN STANLEY & COMPANY LLC USD 604,007 EUR (556,947) 08/21/2020 (22,438) -0.001%

STATE STREET GLOBAL MARKETS LLC EUR 7,603 USD (8,301) 08/21/2020 250 0.000%

STATE STREET GLOBAL MARKETS LLC USD 518,665 EUR (477,383) 08/21/2020 (18,288) -0.001%

Total Forward Currency Exchange Contracts (62,583)

Options Strike Price($) Exercise Date Shares/Par Value ($) % of Net Assets

SPX 8/20 C3050 3,050.00 8/21/2020 (591) (8,463,120) (0.288%)

Total Options (8,463,120)

Swap Contracts Notional Amount Market Value % of Net Assets

BARCLAYS BANK PLC SNR OPCO CDS 06/20/202 47,500 664 0.000%

BOEING CO DEB CDS 12/20/2021 (650,000) (13,651) 0.000%

CHILE CDS 06/20/2025 (345,000) 2,604 0.000%

Page 23 of 25

CHILE CDS 06/20/2025 (480,000) 3,623 0.000%

CHILE CDS 06/20/2025 (498,000) 3,759 0.000%

COLOMBIA CDS 06/20/2025 (700,000) (18,961) (0.001%)

COLOMBIA CDS 06/20/2025 (257,000) (6,961) 0.000%

DEVON ENERGY CORP CDS 12/20/2024 (25,000) (511) 0.000%

DEVON ENERGY CORP CDS 12/20/2024 (55,000) (1,124) 0.000%

DEVON ENERGY CORP CDS 12/20/2024 (30,000) (613) 0.000%

GENERAL ELECTRIC CO CDS 12/20/2020 (180,000) 98 0.000%




REPUBLIC OF INDONESIA CDS 06/20/2025 (266,000) (4,113) 0.000%


REPUBLIC OF INDONESIA CDS 06/20/2025 584,000 (9,030) 0.000%







CDX IG CDSI S34 5Y 06/20/2025 (25,593,000) 302,151 0.010%

212,145

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

FVU0 US 5YR NOTE CBT FUT SEP 20 179 9/30/2020 22,507,852 102,241 0.767%

MSCI EAFE FUT 9/20 (136) 9/18/2020 (12,093,120) 7,795 (0.412%)

S&P500 EMINI FUT 9/20 380 9/18/2020 58,713,800 (313,991) 2.001%

TUU0 US 2YR NOTE CBT SEP 20 111 9/30/2020 24,511,922 16,446 0.836%

TYU0 UST 10YR NOTE FUT SEP 20 5 9/21/2020 695,859 577 0.024%

USU0 US LONG BOND FUT SEP 20 49 9/21/2020 8,749,563 18,837 0.298%

UXYU0 UST 10YR ULTRA FUT SEP 20 (125) 9/21/2020 (19,685,548) (143,148) (0.671%)

WNU0 ULTRA US BOND FUT SEP 20 34 9/21/2020 7,417,313 5,123 0.253%

Total Futures Contracts (306,119)

NET ASSETS 2,933,731,491

NET ASSET VALUE PER SHARE

Spectrum Moderate Growth Allocation Fund Shares 34.58

($2,511,055,246 / 72,605,130 Shares Outstanding)

Spectrum Moderate Growth Allocation Fund - I Class Shares 34.68

($422,676,245 / 12,187,391 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

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

Total Swap Contracts

Page 24 of 25

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

ADP Andorran Peseta DOP Dominican Peso LBP Lebanese Pound QAR Qatari Rial

AED United Arab Emirates Dirham DZD Algerian Dinar LKR Sri Lanka Rupee RON Romanian Leu

AFA Afghanistan Afghani ECS Ecuador Sucre LRD Liberian Dollar RSD Serbian Dinar

ALL Albania Lek EEK Estonian Kroon LTL Lithuanian Litas RUB Russian Rouble

AMD Armenian Dram EGP Egyptian Pound LVL Latvian Lats RWF Rwandan Franc

ANG Netherlands Antillian Guilder ETB Ethiopian Birr LYD Libyan Dinar SAR Saudi Riyal

AOA Angolan Kwanza EUR Euro MAD Moroccan Dirham SDD Sudanese Dinar

ARS Argentine Peso FJD Fiji Dollar MDL Moldavan Leu SEK Swedish Krona

AUD Australian Dollar FKP Falkland Islands Pound MGA Malagasy Franc SGD Singapore Dollar

AZM Azerbaijan Manat GBP British Pound MOP Macau Pataca SIT Slovenian Tolar

BAM Bosnia and Herzegovina Convertible Mark GHC Ghanaian Cedi MRO Mauritanian Ouguiya SKK Slovak Koruna

BBD Bardados Dollar GIP Gibraltar Pound MTL Maltese Lira SLL Sierra Leonean Leone

BDT Bandladesh Taka GTQ Guatemalan Quetzal MUR Mauritius Rupee SOS Somali Shilling

BGN Bulgarian Lev GYD Guyanan Dollar MWK Malawi Kwacha SVC El Salvador Colon

BHD Bahraini Dinar HKD Hong Kong Dollar MXN Mexican Peso SZL Swazi Lilangeni

BMD Bermudian Dollar HNL Honduran Lempira MYR Malaysian Ringgit THB Thai Baht

BOB Bolivian Boliviano HRK Croatian Kuna MZM Mozambican Metical TND Tunisian Dinar

BRL Brazilian Real HTG Haitian Gourde NAD Namibian Dollar TRY Turkish Lira

BSD Bahamian Dollar HUF Hungarian Forint NGN Nigerian Naira TTD Trinidad and Tobago Dollar

BWP Botswana Pula IDR Indonesian Rupiah NIO Nicarguan Cordoba Oro TWD Taiwan Dollar

BYR Belarusian Ruble ILS Israeli New Shekel NOK Norwegian Kroner TZS Tanzanian Shilling

BZD Belize Dollar INR Indian Rupee NPR Nepalese Rupee UAG Ukrainian Hryvnai

CAD Canadian Dollar IQD Iraqi Dinar NZD New Zealand Dollar UGX Uganda Shilling

CHF Swiss Franc IRR Iranian Rial OMR Omani Rial USD U.S. Dollar

CLP Chilean Peso ISK Iceland Krona PAB Panamanian Balboa UYU Uruguayan Peso

CNY China Yuan Renminbi JMD Jamaican Dollar PEN Peruvian Nuevo Sol VEB Venezuelan Bolivar

COP Columbian Peso JOD Jordanian Dinar PGK Papua New Guinea Kina VND Vietnamese Dong

CRC Costa Rican Colon JPY Japanese Yen PHP Philippine Peso XAF CFA Franc BEAC

CUP Cuban Peso KES Kenyan Shilling PKR Pakistan Rupee XCD East Caribbean Dollar

CYP Cyprus Pound KHR Cambodian Riel PLN Polish Zloty XOF CFA Franc BCEAO

CZK Czech Koruna KPW North Korean Won PYG Guarani YER Yemeni Rial

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 25 of 25

Documents

Page 1 of 25 · AerCap Ireland Capital DAC / AerCap Global Aviation Trust 6.5 7/15/25 155,000 162,395 0.006% Aerojet Rocketdyne Holdings 12,134 480,992 0.016% AES 34,706 502,890 0.017%