| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBVIE INC 3.2% 11/21/29 (00287YBX6) 165000 UNITS | 176,416 | 176,416 |
| AETNA INC 2.8% 6/15/23 (00817YAV0) 70000 UNITS | 71,723 | 71,723 |
| AMAZON.COM INC 2.1% 5/12/31 (023135BZ8) 105000 UNITS | 106,429 | 106,429 |
| AMGEN INC 3.625% 5/22/24 (031162BV1) 75000 UNITS | 78,989 | 78,989 |
| ANALOG DEVICES INC 3.5% 12/05/26 (032654AN5) 103000 UNITS | 112,331 | 112,331 |
| BAT CAP CORP 2.259% 3/25/28 (05526DBR5) 130000 UNITS | 126,677 | 126,677 |
| BK OF AMER CORP MTN 4.125% 1/22/24 (06051GFB0) 65000 UNITS | 69,059 | 69,059 |
| BK OF AMER CORP MTN V/R 10/22/25 (06051GHW2) 155000 UNITS | 159,194 | 159,194 |
| BK OF AMER CORP V/R 10/20/32 (06051GKD0) 140000 UNITS | 140,672 | 140,672 |
| CAP ONE FINL CO 3.8% 1/31/28 (14040HBW4) 115000 UNITS | 125,197 | 125,197 |
| CITIGROUP INC V/R 6/03/31 (172967MS7) 110000 UNITS | 110,952 | 110,952 |
| COMCAST CORP 1.5% 2/15/31 (20030NDN8) 220000 UNITS | 207,651 | 207,651 |
| CROWN CASTLE INTL 1.05% 7/15/26 (22822VAV3) 185000 UNITS | 178,656 | 178,656 |
| CVS HEALTH CORP 1.75% 8/21/30 (126650DN7) 190000 UNITS | 181,061 | 181,061 |
| CVS HEALTH CORP 4.3% 3/25/28 (126650CX6) 26000 UNITS | 29,177 | 29,177 |
| DOWDUPONT INC 4.205% 11/15/23 (26078JAB6) 110000 UNITS | 116,322 | 116,322 |
| DUKE ENERGY PROGRESS 3.25% 8/15/25 (26442UAA2) 95000 UNITS | 100,559 | 100,559 |
| GEN MTR FINL CO 1.5% 6/10/26 (37045XDK9) 185000 UNITS | 182,023 | 182,023 |
| GILEAD SCIENCES INC 1.65% 10/01/30 (375558BY8) 130000 UNITS | 124,596 | 124,596 |
| GOLDMAN SACHS GROUP 3.5% 4/01/25 (38141GXJ8) 75000 UNITS | 79,307 | 79,307 |
| GSMS 2014-GC18 A4 4.074% 1/10/47 (36252RAM1) 140000 UNITS | 146,213 | 146,213 |
| HAROT 2019-2 A3 2.52% 6/21/23 (43815MAC0) 52082.96 UNITS | 52,495 | 52,495 |
| JPMORGAN CHASE & CO 2.522% 4/22/31 (46647PBL9) 105000 UNITS | 106,127 | 106,127 |
| JPMORGAN CHASE & CO 3.54% 5/01/28 (46647PAF3) 100000 UNITS | 108,603 | 108,603 |
| LOS CA TXBL 21C 1.251% 5/15/28 (544445TX7) 100000 UNITS | 96,049 | 96,049 |
| LOWE'S COS INC 1.3% 4/15/28 (548661DX2) 105000 UNITS | 100,626 | 100,626 |
| MASTERCARD INC 3.5% 3/26/30 (57636QAP9) 130000 UNITS | 143,006 | 143,006 |
| MORGAN STANLEY 3.125% 1/23/23 (61744YAN8) 90000 UNITS | 92,279 | 92,279 |
| MORGAN STANLEY 3.772% 1/24/29 (61744YAP3) 165000 UNITS | 179,550 | 179,550 |
| MORGAN STANLEY V/R 5/30/25 (61747YEA9) 175000 UNITS | 172,713 | 172,713 |
| NEXTERA ENERGY CAP 2.25% 6/01/30 (65339KBR0) 100000 UNITS | 99,399 | 99,399 |
| NVIDIA CORP 2.85% 4/01/30 (67066GAF1) 165000 UNITS | 175,253 | 175,253 |
| NY ST DORM ST TXBL 1.262% 3/15/26 (64990FB29) 155000 UNITS | 153,324 | 153,324 |
| OK ST TPK TXBL 20B 0.904% 1/01/25 (679111ZS6) 85000 UNITS | 84,309 | 84,309 |
| PIONEER NAT RES 1.125% 1/15/26 (723787AT4) 145000 UNITS | 140,795 | 140,795 |
| REYNOLDS AMERN INC 4.45% 6/12/25 (761713BG0) 45000 UNITS | 48,600 | 48,600 |
| SALESFORCE.COM INC 1.95% 7/15/31 (79466LAJ3) 120000 UNITS | 118,877 | 118,877 |
| UNITEDHEALTH GROUP INC 2% 5/15/30 (91324PDX7) 135000 UNITS | 134,023 | 134,023 |
| UNIV OF MA TXBL 20-4 1.878% 11/01/30 (914437VC9) 210000 UNITS | 211,157 | 211,157 |
| VERIZON 1.75% 1/20/31 (92343VFR0) 140000 UNITS | 132,504 | 132,504 |
| VERIZON 2.625% 8/15/26 (92343VDD3) 150000 UNITS | 156,278 | 156,278 |
| VMWARE INC 1.8% 8/15/28 (928563AK1) 188000 UNITS | 182,952 | 182,952 |
| WILLIAMS PARTNERS LP 3.9% 1/15/25 (96950FAQ7) 130000 UNITS | 138,146 | 138,146 |