| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ADOBE SYSTEMS INCORPORATED 3.25% 02/01/2025 USD SR LIEN | 98,928 | 110,104 |
| AFLAC INCORPORATED 3.625% 06/15/2023 SR LIEN | 149,711 | 161,729 |
| ALTRIA GROUP, INC. 4.8% 02/14/2029 USD SR LIEN | 274,222 | 329,478 |
| AMERICAN HONDA FINANCE MTN 0.4% 10/21/2022 USD SR LIEN | 149,955 | 150,212 |
| AMPHENOL CORP 3.2% 04/01/2024 USD SR LIEN | 253,666 | 269,288 |
| ANHEUSER-BUSCH INBEV WOR 3.5% 06/01/2030 USD SR LIEN | 64,864 | 75,293 |
| AON CORP 2.8% 05/15/2030 USD SR LIEN | 124,956 | 136,371 |
| APPLE INC. 0.55% 08/20/2025 USD SR LIEN | 204,516 | 205,916 |
| APPLE INC. 2.7% 05/13/2022 USD SR LIEN | 175,134 | 181,183 |
| AT&T INC 2.95% 07/15/2026 USD SR LIEN | 82,680 | 88,474 |
| AUTOZONE INC 3.125% 04/21/2026 USD SR LIEN | 124,968 | 138,337 |
| B.A.T. CAPITAL CORPORATION 4.7% 04/02/2027 USD SR LIEN | 240,000 | 282,209 |
| BANK OF AMERICA CORPORATION HYBRID MTN 05/17/2022 SR LIEN M-W+15.00BP CPN 05 | 175,000 | 177,074 |
| BANK OF NOVA SCOTIA (THE) 3.4% 02/11/2024 USD SR LIEN | 349,682 | 380,860 |
| BANK OF NY MELLON CORP MTN 3.0% 10/30/2028 USD SUB LIEN | 174,808 | 197,698 |
| BB&T CORPORATION MTN 2.85% 10/26/2024 USD SR LIEN | 174,857 | 189,375 |
| BP CAP MARKETS AMERICA 3.41% 02/11/2026 USD SR LIEN | 250,000 | 280,290 |
| BROADCOM CORPORATION 3.0% 01/15/2022 SER WI SR LIEN M-W+20.00BP | 131,196 | 132,991 |
| BURLINGTON NORTHERN SANTA FE, 3.4% 09/01/2024 USD SR LIEN | 149,657 | 164,585 |
| CANADIAN IMPERIAL BANK 3.5% 09/13/2023 USD SER BKNT SR LIEN | 249,568 | 271,418 |
| CBS CORPORATION 4.0% 01/15/2026 USD SR LIEN | 172,639 | 200,288 |
| CITIGROUP INC. HYBRID 01/10/2028 USD SR LIEN CPN 01/10/17-04/09/27 3.887% | 200,000 | 229,216 |
| CITIGROUP INC. HYBRID 06/03/2031 USD SR LIEN CPN 06/03/20 2.572% | 200,000 | 213,172 |
| CNA FINANCIAL CORP 4.5% 03/01/2026 USD SR LIEN | 130,723 | 147,049 |
| CONSOLIDATED EDISON CO O 3.8% 05/15/2028 USD SR LIEN | 74,987 | 86,784 |
| CREDIT SUISSE NEW YORK 1.0% 05/05/2023 USD SR LIEN | 261,387 | 263,934 |
| CROWN CASTLE INTERNATIONAL COR 3.15% 07/15/2023 USD SER 5YR SR LIEN | 121,927 | 132,975 |
| CSX CORP 4.25% 03/15/2029 USD SR LIEN | 153,678 | 181,718 |
| CVS CAREMARK CORP 3.375% 08/12/2024 USD SR LIEN | 314,505 | 321,733 |
| DOW CHEMICAL COMPANY (THE) 2.1% 11/15/2030 USD SR LIEN | 173,558 | 179,590 |
| DTE ENERGY CO 3.4% 06/15/2029 USD SER C SR LIEN | 448,371 | 510,138 |
| DUKE ENERGY FLORIDA, LLC 3.2% 01/15/2027 USD SR LIEN | 149,910 | 167,445 |
| EATON CORP 2.75% 11/02/2022 USD SER B SR LIEN | 247,969 | 260,863 |
| EATON VANCE CORP 3.625% 06/15/2023 USD SR LIEN | 150,736 | 161,535 |
| ENBRIDGE INC 3.125% 11/15/2029 USD SR LIEN | 102,609 | 104,456 |
| ENERGY TRANSFER OPERATING LP 5.25% 04/15/2029 USD SR LIEN | 83,799 | 87,567 |
| FISERV, INC. 3.5% 10/01/2022 USD SR LIEN | 130,795 | 130,781 |
| FLEX LTD 3.75% 02/01/2026 USD SR LIEN | 293,463 | 302,011 |
| GENERAL ELECTRIC CAPITAL CORPO MTN 5.55% 01/05/2026 USD SER A SR LIEN | 88,761 | 90,892 |
| GENERAL MOTORS FINANCIAL COMPA 1.7% 08/18/2023 USD SR LIEN | 169,837 | 174,378 |
| INTERCONTINENTAL EXCHANGE, INC 1.85% 09/15/2032 USD SR LIEN | 189,162 | 191,639 |
| INTERNATIONAL BUSINESS MACHINE 1.7% 05/15/2027 USD SR LIEN | 279,444 | 280,419 |
| INTERSTATE POWER AND LIGHT COM 2.3% 06/01/2030 USD SR LIEN | 273,831 | 290,802 |
| JOHN DEERE CAPITAL CORP MTN 2.65% 06/24/2024 USD SR LIEN | 99,809 | 107,410 |
| JPMORGAN CHASE & CO. HYBRID 03/13/2026 USD SR LIEN CPN 03/13/20 2.005% | 75,000 | 78,779 |
| JPMORGAN CHASE & CO. HYBRID 04/01/2023 USD SR LIEN CPN 03/22/19 3.207% | 175,000 | 181,354 |
| JPMORGAN CHASE & CO. HYBRID 06/01/2028 USD SR LIEN CPN 05/27/20 2.182% | 100,000 | 106,148 |
| JPMORGAN CHASE & CO. HYBRID 10/15/2030 USD SR LIEN CPN 09/12/19 2.739% | 20,399 | 21,747 |
| MARSH & MCLENNAN COS INC 2.25% 11/15/2030 USD SR LIEN | 99,146 | 105,871 |
| MASTERCARD INC 2.95% 06/01/2029 USD SR LIEN | 124,828 | 140,295 |
| MITSUBISHI UFJ FINANCIAL GROUP 3.761% 07/26/2023 USD SR LIEN | 200,171 | 216,830 |
| MORGAN STANLEY HYBRID MTN 01/22/2031 USD SR LIEN CPN 01/22/20 2.699% | 65,000 | 70,353 |
| MORGAN STANLEY MTN 3.875% 01/27/2026 USD SR LIEN | 259,196 | 286,767 |
| MPLX LP 4.875% 12/01/2024 USD SER WI SR LIEN | 103,317 | 114,759 |
| NATIONAL RURAL UTILITIES COOPE MTN 3.25% 11/01/2025 USD SR LIEN | 174,584 | 194,915 |
| NEVADA POWER CO 2.4% 05/01/2030 USD SER DD SR LIEN | 199,480 | 215,234 |
| PEPSICO, INC. 3.0% 10/15/2027 USD SR LIEN | 195,954 | 225,608 |
| PFIZER INC. 3.6% 09/15/2028 USD SER 10YR SR LIEN | 149,762 | 177,531 |
| PNC BANK, NATIONAL ASSOCIATION HYBRID 12/09/2022 USD SR LIEN CPN 12/09/19 2. | 250,000 | 253,840 |
| PUBLIC SERVICE ELECTRIC MTN 2.25% 09/15/2026 USD SR LIEN | 144,079 | 162,015 |
| REPUBLIC SERVICES INC 3.375% 11/15/2027 USD SR LIEN | 149,748 | 170,106 |
| RYDER SYSTEM, INC. MTN 3.4% 03/01/2023 USD SR LIEN | 138,429 | 143,018 |
| SANTANDER UK GROUP HOLDINGS PL HYBRID 08/21/2026 USD SR LIEN CPN 08/21/20 1. | 200,000 | 203,016 |
| SANTANDER UK PLC 2.875% 06/18/2024 USD SR LIEN | 249,065 | 267,730 |
| SPIRIT REALTY LP 3.2% 02/15/2031 USD SR LIEN | 108,902 | 116,893 |
| SRS CCD 26745899 MTN 3.75% 06/01/2026 USD SR LIEN | 301,669 | 329,994 |
| STANLEY BLACK & DECKER I 2.3% 03/15/2030 USD SR LIEN | 219,267 | 238,911 |
| STATE STREET CORPORATION HYBRID 11/01/2034 USD SUB LIEN CPN 11/01/19 3.031% | 150,000 | 164,426 |
| SUNOCO LOGISTICS PARTNER 4.25% 04/01/2024 USD SR LIEN | 45,099 | 54,139 |
| SYSCO CORPORATION 2.5% 07/15/2021 SR LIEN | 195,504 | 196,939 |
| TARGET CORPORATION 2.35% 02/15/2030 USD SR LIEN | 179,663 | 196,690 |
| THE TJX COMPANIES, INC. 2.75% 06/15/2021 SR LIEN | 125,224 | 125,866 |
| THERMO FISHER SCIENTIFIC INC. 2.95% 09/19/2026 USD SR LIEN | 172,877 | 195,085 |
| TOYOTA MOTOR CREDIT CORPORATIO MTN 3.4% 09/15/2021 SER B SR LIEN | 125,427 | 127,678 |
| UNILEVER CAPITAL CORPORATION 2.125% 09/06/2029 USD SR LIEN | 171,560 | 187,448 |
| UNILEVER CAPITAL CORPORATION 3.25% 03/07/2024 USD SR LIEN | 173,737 | 190,036 |
| VEREIT OPERATING PARTNER 3.1% 12/15/2029 USD SR LIEN | 99,523 | 102,496 |
| VERIZON COMMUNICATIONS, INC. 3.15% 03/22/2030 USD SER 10YR SR LIEN | 164,493 | 185,033 |
| VERIZON COMMUNICATIONS, INC. 3.875% 02/08/2029 USD SR LIEN | 249,528 | 294,275 |
| WAL-MART STORES INC 2.35% 12/15/2022 USD SR LIEN | 326,077 | 338,410 |
| WASTE MANAGEMENT INC 1.5% 03/15/2031 USD SR LIEN | 74,822 | 74,294 |
| WELLS FARGO & COMPANY HYBRID MTN 06/02/2028 USD SR LIEN CPN 06/02/20 2.393% | 160,000 | 170,339 |
| WELLS FARGO & COMPANY MTN 4.15% 01/24/2029 USD SR LIEN | 224,600 | 267,075 |
| WESTPAC BANKING CORPORATION 2.5% 06/28/2022 USD SR LIEN | 174,715 | 180,966 |
| XILINX INC 2.95% 06/01/2024 USD SR LIEN | 121,601 | 134,445 |
| ZOETIS INC. 3.25% 02/01/2023 USD SER B SR LIEN | 73,924 | 78,892 |