| Name | Weight | Shares |
| UNITED STATES TREAS BDS 8% 11/15/2021 | 3.50% | 13,535,000 |
| FNMA TBA 30YR TBA 3.50% APR 3.5% 04/15/2041 | 2.61% | 10,735,000 |
| FNMA TBA 30YR TBA 3% APR 3% 04/15/2043 | 2.60% | 10,780,000 |
| UNITED STATES TREAS NTS 2% 08/31/2021 | 2.17% | 9,230,000 |
| UNITED STATES TREAS NTS 1.125% 08/31/2021 | 2.10% | 9,030,000 |
| UNITED STATES TREAS NTS 2.125% 09/30/2021 | 1.98% | 8,375,000 |
| UNITED STATES TREAS NTS 2.875% 10/15/2021 | 1.93% | 8,090,000 |
| UNITED STATES TREAS BDS 3.75% 11/15/2043 | 1.84% | 5,190,000 |
| FNMA TBA 30YR TBA 4% APR 4% 04/15/2041 | 1.83% | 7,455,000 |
| UNITED STATES TREAS BDS 4.375% 05/15/2041 | 1.81% | 4,825,000 |
| UNITED STATES TREAS BDS 3.625% 08/15/2043 | 1.80% | 5,200,000 |
| UNITED STATES TREAS NTS 2% 10/31/2021 | 1.71% | 7,230,000 |
| UNITED STATES TREAS NTS 1.25% 10/31/2021 | 1.54% | 6,595,000 |
| UNITED STATES TREAS NTS 1.125% 09/30/2021 | 1.43% | 6,160,000 |
| UNITED STATES TREAS NTS 2% 12/31/2021 | 1.43% | 6,020,000 |
| UNITED STATES TREAS NTS 1.75% 11/30/2021 | 1.39% | 5,885,000 |
| UNITED STATES TREAS BDS 4.75% 02/15/2041 | 1.35% | 3,445,000 |
| UNITED STATES TREAS NTS 2.125% 12/31/2021 | 1.27% | 5,330,000 |
| UNITED STATES TREAS NTS 1.875% 01/31/2022 | 1.25% | 5,295,000 |
| UNITED STATES TREAS NTS 2.875% 11/15/2021 | 1.25% | 5,220,000 |
| UNITED STATES TREAS NTS 2.5% 01/15/2022 | 1.23% | 5,125,000 |
| UNITED STATES TREAS NTS 2.75% 09/15/2021 | 1.21% | 5,075,000 |
| UNITED STATES TREAS BDS 4.25% 11/15/2040 | 1.14% | 3,095,000 |
| UNITED STATES TREAS BDS 3.375% 04/15/2032 | 1.12% | 3,358,786 |
| UNITED STATES TREAS NTS 1.875% 11/30/2021 | 1.10% | 4,655,000 |
| UNITED STATES TREAS BDS 3.75% 08/15/2041 | 1.03% | 2,960,000 |
| UNITED STATES TREAS BDS 3.625% 02/15/2044 | 1.03% | 2,950,000 |
| UNITED STATES TREAS BDS 3.875% 04/15/2029 | 1.02% | 3,210,547 |
| FNMA TBA 30YR TBA 5% APR 5% 04/15/2041 | 1.00% | 4,030,000 |
| Cash & Other | 0.96% | 4,186,687 |
| UNITED STATES TREAS BDS 3.625% 04/15/2028 | 0.94% | 3,111,615 |
| UNITED STATES TREAS NTS 1.5% 01/31/2022 | 0.93% | 3,940,000 |
| UNITED STATES TREAS NTS 2.5% 02/15/2022 | 0.93% | 3,890,000 |
| UNITED STATES TREAS BDS TIPS 2.125% 41 2.125% 02/15/2041 | 0.92% | 2,769,569 |
| UNITED STATES TREAS BDS TIPS 02/15/40 2.125% 02/15/2040 | 0.92% | 2,758,324 |
| US TSY INFL IX N/B 2.5% 1/15/2029 2.5% 01/15/2029 | 0.89% | 3,083,360 |
| UNITED STATES TREAS NTS 2% 11/15/2021 | 0.87% | 3,680,000 |
| TSY INFL IX N/B 0.875% 01/15/2029 | 0.75% | 2,928,373 |
| UNITED STATES TREAS BDS TIPS 02/15/40 1.375% 02/15/2044 | 0.69% | 2,225,874 |
| UNITED STATES TREAS BDS 1.75% 01/15/2028 | 0.68% | 2,531,657 |
| UNITED STATES TREAS BDS TIPS .75% 02/15/42 0.75% 02/15/2042 | 0.65% | 2,421,421 |
| TSY INFL IX N/B 0.5% 01/15/2028 | 0.60% | 2,448,365 |
| TSY INFL IX N/B 0.625% 02/15/2043 | 0.58% | 2,172,153 |
| UNITED STATES TREAS BDS 2.375% 01/15/2027 | 0.56% | 2,066,860 |
| UNITED STATES TREAS BDS 2% 01/15/2026 | 0.55% | 2,126,055 |
| TSY INFL IX N/B 0.25% 07/15/2029 | 0.53% | 2,169,285 |
| TSY INFL IX N/B 0.75% 07/15/2028 | 0.53% | 2,118,030 |
| WI TREASURY SEC 0.5% 04/15/2024 | 0.47% | 1,990,357 |
| TSY INFL IX N/B 0.375% 01/15/2027 | 0.46% | 1,901,805 |
| TSY INFL IX N/B 0.625% 01/15/2026 | 0.46% | 1,895,384 |
| UNITED STATES TREAS BDS 2.375% 01/15/2025 | 0.42% | 1,622,490 |
| TSY INFL IX N/B 0 3/4 02/15/45 0.75% 02/15/2045 | 0.40% | 1,441,240 |
| TUTOR PERINI CORP 6.875% 05/01/2025 | 0.38% | 1,975,000 |
| ACTAVIS FUNDING SCS 4.85% 06/15/2044 | 0.38% | 1,300,000 |
| CNX RESOURCES CORPORATION 7.25% 03/14/2027 | 0.37% | 2,280,000 |
| EMBARQ CORP 7.995% 06/01/2036 | 0.37% | 1,635,000 |
| CHEMOURS CO 5.375% 05/15/2027 | 0.36% | 1,980,000 |
| INGREDION INC 3.2% 10/01/2026 | 0.36% | 1,460,000 |
| DISH DBS CORP 7.75% 07/01/2026 | 0.35% | 1,570,000 |
| SOUTHWESTERN ENERGY CO 7.5% 04/01/2026 | 0.34% | 2,100,000 |
| UNITED STATES TREAS NTS 0.25% 01/15/2025 | 0.34% | 1,443,786 |
| UNITED STATES TREAS BDS TIPS 01/15/24 0.625% 01/15/2024 | 0.34% | 1,421,351 |
| GNMA TBA 30 YR 4.5 4.5% 04/15/2040 | 0.34% | 1,375,000 |
| UNITED STATES TREAS BDS 1% 02/15/2046 | 0.34% | 1,160,040 |
| UNITED STATES TREAS BDS 3.125% 02/15/2043 | 0.34% | 1,060,000 |
| TENNESSEE VALLEY AUTH 5.88% 04/01/2036 | 0.34% | 950,000 |
| ECLIPSE RES CORP 8.875% 07/15/2023 | 0.33% | 2,120,000 |
| MICHAELS STORES INC 8% 07/15/2027 | 0.33% | 2,000,000 |
| CARDINAL HEALTH INC 4.368% 06/15/2047 | 0.33% | 1,410,000 |
| TECH DATA CORP 4.95% 02/15/2027 | 0.33% | 1,400,000 |
| TSY INFL IX N/B 0.375% 07/15/2027 | 0.33% | 1,387,417 |
| UNITED STATES TREAS NTS 2% 02/15/2022 | 0.33% | 1,380,000 |
| GNMAII JUMBO TBA 30YR TBA 3.000% APR 3% 04/15/2045 | 0.32% | 1,300,000 |
| VERISIGN INC 4.75% 07/15/2027 | 0.31% | 1,300,000 |
| L BRANDS INC 6.75% 07/01/2036 | 0.30% | 1,865,000 |
| TRINSEO MATLS OPER SCA / FIN SR GLBL 144A 25 5.375% 09/01/2025 | 0.30% | 1,570,000 |
| JABIL INC 3.95% 01/12/2028 | 0.30% | 1,365,000 |
| WHIRLPOOL CORP 4.5% 06/01/2046 | 0.30% | 1,340,000 |
| WALGREENS BOOTS ALLIANCE INC SR NT 4.8% 44 4.8% 11/18/2044 | 0.30% | 1,320,000 |
| MASCO CORP 4.375% 04/01/2026 | 0.30% | 1,315,000 |
| CARLISLE COS INC 3.75% 12/01/2027 | 0.30% | 1,255,000 |
| LEGG MASON INC 5.625% 01/15/2044 | 0.30% | 1,225,000 |
| FNMA TBA 30YR TBA 4.5% APR 4.5% 04/15/2041 | 0.30% | 1,215,000 |
| PSEG PWR LLC 8.625% 04/15/2031 | 0.30% | 1,035,000 |
| AMERICAN EQTY INVT LIFE HLD CO CR SEN SR GLBL27 5% 06/15/2027 | 0.29% | 1,310,000 |
| FEDEX CORP 5.1% 01/15/2044 | 0.29% | 1,260,000 |
| MOLSON COORS BEVERAGE CO 5% 05/01/2042 | 0.29% | 1,260,000 |
| UNUM GROUP 5.75% 08/15/2042 | 0.29% | 1,250,000 |
| GNMA TBA 30YR 3% APR 3% 04/15/2043 | 0.29% | 1,200,000 |
| GNMAII JUMBO TBA 30YR TBA 4.50% APR 4.5% 04/15/2041 | 0.29% | 1,170,000 |
| MICRON TECHNOLOGY INC 5.327% 02/06/2029 | 0.29% | 1,140,000 |
| FIFTH THIRD BANCORP 8.25% 03/01/2038 | 0.29% | 905,000 |
| MPLX LP 4.125% 03/01/2027 | 0.28% | 1,395,000 |
| MPT OPERATING PARTNERSHIP L.P SR GLBL NT 5% 27 5% 10/15/2027 | 0.28% | 1,300,000 |
| CARE CAP PPTYS LP 5.125% 08/15/2026 | 0.28% | 1,290,000 |
| EDISON INTL 4.125% 03/15/2028 | 0.28% | 1,270,000 |
| SEAGATE HDD CAYMAN 4.875% 06/01/2027 | 0.28% | 1,260,000 |
| KIRBY CORP 4.2% 03/01/2028 | 0.28% | 1,240,000 |
| MARTIN MARIETTA MATLS INC 4.25% 12/15/2047 | 0.28% | 1,210,000 |
| ALLSTATE CORP 6.5% 05/15/2067 | 0.28% | 1,140,000 |
| MARKEL CORP 5% 04/05/2046 | 0.28% | 1,110,000 |
| CONAGRA BRANDS INC 5.4% 11/01/2048 | 0.28% | 1,060,000 |
| AT&T INC 5.3% 08/15/2058 | 0.28% | 1,050,000 |
| BRIGHTHOUSE FINL INC 4.7% 06/22/2047 | 0.27% | 1,550,000 |
| DARDEN RESTAURANTS INC 3.85% 05/01/2027 | 0.27% | 1,305,000 |
| WABTEC CORP 4.95% 09/15/2028 | 0.27% | 1,270,000 |
| LEAR CORP 3.8% 09/15/2027 | 0.27% | 1,260,000 |
| ENSTAR GROUP LTD 4.95% 06/01/2029 | 0.27% | 1,220,000 |
| UNITED STATES TREAS NTS 1.875% 02/28/2022 | 0.27% | 1,145,000 |
| GNMAII JUMBO TBA 30YR TBA 03.500% APR 3.5% 04/15/2045 | 0.27% | 1,100,000 |
| GNMA TBA 30YR TBA 3.50% APR 3.5% 04/15/2041 | 0.27% | 1,100,000 |
| GNMA TBA 30 YR 4.0 APR 4% 04/15/2041 | 0.27% | 1,100,000 |
| VULCAN MATLS CO 4.5% 06/15/2047 | 0.27% | 1,100,000 |
| GNMAII JUMBO TBA 30YR TBA 4% APR 4% 04/15/2042 | 0.27% | 1,100,000 |
| CHARTER COMMUNICATIONS OPER 6.834% 10/23/2055 | 0.27% | 980,000 |
| INTL PAPER CO 7.3% 11/15/2039 | 0.27% | 915,000 |
| GENESIS ENERGY LP/ GENESIS FIN SR GLBL NT6.5% 25 6.5% 10/01/2025 | 0.26% | 1,580,000 |
| SYNCHRONY FINL 3.7% 08/04/2026 | 0.26% | 1,285,000 |
| ING U S INC 5.65% 05/15/2053 | 0.26% | 1,250,000 |
| PRUDENTIAL FINL INC 5.7% 09/15/2048 | 0.26% | 1,155,000 |
| HEWLETT PACKARD CO 6% 09/15/2041 | 0.26% | 1,065,000 |
| HEWLETT PACKARD ENTERPRISE CO SR GLBL NT 45 6.35% 10/15/2045 | 0.26% | 1,010,000 |
| OWENS CORNING NEW 4.3% 07/15/2047 | 0.25% | 1,220,000 |
| AXA EQUITABLE HLDGS INC 5% 04/20/2048 | 0.25% | 1,165,000 |
| BNSF FUNDING TRUST 1 6.613% 12/15/2055 | 0.25% | 1,120,000 |
| MOSAIC CO NEW 5.625% 11/15/2043 | 0.25% | 1,110,000 |
| OLD REP INTL CORP 3.875% 08/26/2026 | 0.25% | 1,075,000 |
| ENERGY TRANSFER OPERATING LP SR GLBL NT7.5% 38 7.5% 07/01/2038 | 0.25% | 1,069,000 |
| INTERPUBLIC GROUP COS INC 5.4% 10/01/2048 | 0.25% | 1,045,000 |
| KINDER MORGAN ENERGY PARTNERS SR GLBL NT 38 6.95% 01/15/2038 | 0.25% | 1,010,000 |
| VIACOM INC 6.875% 04/30/2036 | 0.25% | 970,000 |
| SONOCO PRODS CO 5.75% 11/01/2040 | 0.25% | 885,000 |
| METLIFE INC 10.75% 08/01/2069 | 0.25% | 780,000 |
| TENNESSEE VALLEY AUTH 6.15% 01/15/2038 | 0.25% | 680,000 |
| PLAINS ALL AMERN PIPELINE L P SR NT 6.65% 37 6.65% 01/15/2037 | 0.24% | 1,200,000 |
| SOUTHERN CO 5.5% 03/15/2057 | 0.24% | 1,080,000 |
| UNITED STATES TREAS NTS 0.125% 07/15/2026 | 0.24% | 1,033,641 |
| KRAFT FOODS GROUP INC 6.5% 02/09/2040 | 0.24% | 950,000 |
| TENNESSEE VALLEY AUTH 5.25% 09/15/2039 | 0.24% | 680,000 |
| FLUOR CORP NEW 4.25% 09/15/2028 | 0.23% | 1,410,000 |
| SPIRIT AEROSYSTEMS INC 4.6% 06/15/2028 | 0.23% | 1,235,000 |
| DELTA AIR LINES INC DEL 4.375% 04/19/2028 | 0.23% | 1,235,000 |
| COACH INC 4.125% 07/15/2027 | 0.23% | 1,185,000 |
| HOLLYFRONTIER CORP 5.875% 04/01/2026 | 0.23% | 1,140,000 |
| NORDSTROM INC 5% 01/15/2044 | 0.22% | 1,350,000 |
| CIMAREX ENERGY CO 3.9% 05/15/2027 | 0.22% | 1,325,000 |
| GLP CAP LP/GLP FING II INC 5.75% 06/01/2028 | 0.22% | 1,150,000 |
| NEXTERA ENERGY CAP HLDGS INC JR SB GLBL -M 77 4.8% 12/01/2077 | 0.22% | 1,100,000 |
| ONEOK PARTNERS LP 6.65% 10/01/2036 | 0.22% | 1,030,000 |
| HASBRO INC 6.35% 03/15/2040 | 0.22% | 1,000,000 |
| ALTRIA GROUP INC 5.375% 01/31/2044 | 0.22% | 925,000 |
| UNITED STATES TREAS NTS 1.75% 02/28/2022 | 0.22% | 910,000 |
| ENTERPRISE PRODS OPER LLC 4.875% 08/16/2077 | 0.21% | 1,340,000 |
| CONCHO RES INC 3.75% 10/01/2027 | 0.21% | 1,090,000 |
| EXELON GENERATION CO LLC 6.25% 10/01/2039 | 0.21% | 940,000 |
| HESS CORP 6% 01/15/2040 | 0.20% | 1,150,000 |
| HALLIBURTON CO 7.45% 09/15/2039 | 0.20% | 900,000 |
| MACYS RETAIL HLDGS INC 3.625% 06/01/2024 | 0.19% | 1,225,000 |
| GENERAL MTRS CO 6.75% 04/01/2046 | 0.19% | 1,075,000 |
| TSY INFL IX N/B 0.875% 02/15/2047 | 0.19% | 657,539 |
| TENNESSEE VALLEY AUTH 7.125% 05/01/2030 | 0.19% | 535,000 |
| PDC ENERGY INC 5.75% 05/15/2026 | 0.17% | 1,220,000 |
| MARATHON OIL CORP 6.6% 10/01/2037 | 0.17% | 1,140,000 |
| ARCHROCK PARTNERS L P / ARCHRO SR GLBL 144A 27 6.875% 04/01/2027 | 0.17% | 1,020,000 |
| DEVON FING CORP U L C 7.875% 09/30/2031 | 0.17% | 940,000 |
| CONTINENTAL RES INC 4.375% 01/15/2028 | 0.16% | 1,390,000 |
| LIONS GATE CAPITAL HOLDINGS 6.375% 02/01/2024 | 0.16% | 800,000 |
| CUMULUS MEDIA NEW HLDGS INC 6.75% 07/01/2026 | 0.16% | 795,000 |
| ALLEGHENY TECHNOLOGIES INC 7.875% 08/15/2023 | 0.16% | 750,000 |
| VALERO ENERGY CORP 6.625% 06/15/2037 | 0.16% | 670,000 |
| TSY INFL IX N/B 0.375% 07/15/2025 | 0.16% | 652,992 |
| UNITED STATES CELLULAR CORP 6.7% 12/15/2033 | 0.15% | 680,000 |
| PATTERSON UTI ENERGY INC 3.95% 02/01/2028 | 0.14% | 1,435,000 |
| ENABLE MIDSTREAM PARTNERS LP SR NT 5% 44 5% 05/15/2044 | 0.14% | 1,350,000 |
| HUGHES SATELLITE SYS CORP 6.625% 08/01/2026 | 0.14% | 595,000 |
| TENNESSEE VALLEY AUTH 1.875% 08/15/2022 | 0.14% | 575,000 |
| TSY INFL IX N/B 1% 02/15/2048 | 0.14% | 465,737 |
| SM ENERGY CO 6.75% 09/15/2026 | 0.13% | 1,980,000 |
| APACHE CORP 5.25% 02/01/2042 | 0.13% | 1,210,000 |
| MEDNAX INC 6.25% 01/15/2027 | 0.13% | 700,000 |
| FREEPORT-MCMORAN INC 5.4% 11/14/2034 | 0.13% | 635,000 |
| GRUBHUB HLDGS INC 5.5% 07/01/2027 | 0.13% | 635,000 |
| TEREX CORP NEW 5.625% 02/01/2025 | 0.13% | 610,000 |
| OCCIDENTAL PETE CORP 6.6% 03/15/2046 | 0.12% | 1,000,000 |
| NCR CORP NEW 6.125% 09/01/2029 | 0.11% | 520,000 |
| HARSCO CORP 5.75% 07/31/2027 | 0.11% | 500,000 |
| GRAY ESCROW INC 7% 05/15/2027 | 0.11% | 490,000 |
| TENNESSEE VALLEY AUTH 2.875% 02/01/2027 | 0.11% | 430,000 |
| AMERICAN AXLE & MFG INC 6.25% 04/01/2025 | 0.10% | 550,000 |
| VALERO ENERGY PARTNERS LP 4.375% 12/15/2026 | 0.10% | 480,000 |
| B & G FOODS INC 5.25% 09/15/2027 | 0.10% | 430,000 |
| FEDERAL HOME LN MTG CORP 1.125% 08/12/2021 | 0.10% | 420,000 |
| FEDERAL NATL MTG ASSN 1.25% 08/17/2021 | 0.10% | 415,000 |
| FEDERAL HOME LOAN BANKS 3% 09/10/2021 | 0.10% | 400,000 |
| W & T OFFSHORE INC 9.75% 11/01/2023 | 0.09% | 1,850,000 |
| AMKOR TECHNOLOGY INC 6.625% 09/15/2027 | 0.09% | 420,000 |
| CF INDS INC 5.375% 03/15/2044 | 0.09% | 420,000 |
| FEDERAL HOME LOAN BANKS 1.875% 11/29/2021 | 0.09% | 375,000 |
| FEDERAL HOME LOAN BANKS 2.625% 12/10/2021 | 0.09% | 365,000 |
| DENBURY RES INC 7.75% 02/15/2024 | 0.08% | 2,090,000 |
| MURPHY OIL CORP 5.75% 08/15/2025 | 0.08% | 665,000 |
| TALLGRASS ENERGY PARTNERS LP/ SR GLBL 144A 24 5.5% 09/15/2024 | 0.08% | 625,000 |
| OLIN CORP 5% 02/01/2030 | 0.08% | 390,000 |
| CALPINE CORP 5.125% 03/15/2028 | 0.08% | 370,000 |
| HERC HLDGS INC 5.5% 07/15/2027 | 0.08% | 370,000 |
| FEDERAL HOME LOAN BANKS 3% 10/12/2021 | 0.08% | 315,000 |
| FEDERAL NATL MTG ASSN 7.25% 05/15/2030 | 0.08% | 220,000 |
| PARSLEY ENERGY LLC 5.625% 10/15/2027 | 0.07% | 430,000 |
| TEMPUR SEALY INTL INC 5.5% 06/15/2026 | 0.07% | 350,000 |
| GREIF INC 6.5% 03/01/2027 | 0.07% | 335,000 |
| FEDERAL NATL MTG ASSN 1.375% 10/07/2021 | 0.07% | 310,000 |
| CORNING INC 5.45% 11/15/2079 | 0.07% | 300,000 |
| POST HLDGS INC 5.625% 01/15/2028 | 0.07% | 290,000 |
| TENNESSEE VALLEY AUTH 3.5% 12/15/2042 | 0.07% | 270,000 |
| TENNESSEE VALLEY AUTH 6.75% 11/01/2025 | 0.07% | 235,000 |
| FEDERAL HOME LN MTG CORP 6.75% 03/15/2031 | 0.07% | 200,000 |
| FEDERAL NATL MTG ASSN 5.625% 07/15/2037 | 0.07% | 200,000 |
| FEDERAL NATL MTG ASSN 7.125% 01/15/2030 | 0.07% | 200,000 |
| MATADOR RES CO 5.875% 09/15/2026 | 0.06% | 820,000 |
| FEDERAL NATL MTG ASSN 2.625% 01/11/2022 | 0.06% | 260,000 |
| FEDERAL NATL MTG ASSN 2% 01/05/2022 | 0.06% | 260,000 |
| FEDERAL HOME LN MTG CORP 2.375% 01/13/2022 | 0.06% | 255,000 |
| FEDERAL HOME LOAN BANKS 2.5% 03/11/2022 | 0.06% | 245,000 |
| FEDERAL HOME LOAN BANKS 2.25% 03/11/2022 | 0.06% | 240,000 |
| TENNESSEE VALLEY AUTH 5.375% 04/01/2056 | 0.06% | 130,000 |
| TALLGRASS ENERGY PARTNERS LP/ SR GLBL 144A 28 5.5% 01/15/2028 | 0.05% | 380,000 |
| H & E EQUIPMENT SERVICES INC SR GLBL NT 25 5.625% 09/01/2025 | 0.05% | 260,000 |
| HOWARD HUGHES CORP 5.375% 03/15/2025 | 0.05% | 220,000 |
| HORIZON PHARMA USA INC 5.5% 08/01/2027 | 0.05% | 200,000 |
| TENNESSEE VALLEY AUTH 2.875% 09/15/2024 | 0.05% | 180,000 |
| FEDERAL NATL MTG ASSN 6.625% 11/15/2030 | 0.05% | 150,000 |
| FEDERAL HOME LN BKS 5.5% 07/15/2036 | 0.05% | 150,000 |
| FEDERAL NATL MTG ASSN 6.25% 05/15/2029 | 0.05% | 150,000 |
| FEDERAL HOME LN MTG CORP 6.75% 09/15/2029 | 0.05% | 150,000 |
| SIX FLAGS ENTMT CORP NEW 5.5% 04/15/2027 | 0.04% | 260,000 |
| UNITED RENTALS NORTH AMER INC SR SEC GLBL NT27 3.875% 11/15/2027 | 0.04% | 205,000 |
| TAYLOR MORRISON CMNTYS INC 5.875% 06/15/2027 | 0.04% | 200,000 |
| FEDERAL HOME LOAN BANKS 2.125% 06/10/2022 | 0.04% | 175,000 |
| FEDERAL HOME LOAN BANKS 2% 09/09/2022 | 0.04% | 150,000 |
| TSY INFL IX N/B 0 1/8 07/15/24 0.125% 07/15/2024 | 0.03% | 146,736 |
| FEDERAL NATL MTG ASSN 1.375% 09/06/2022 | 0.03% | 130,000 |
| FEDERAL NATL MTG ASSN 1.875% 04/05/2022 | 0.03% | 130,000 |
| FEDERAL NATL MTG ASSN 2.25% 04/12/2022 | 0.03% | 125,000 |
| FEDERAL NATL MTG ASSN 2% 10/05/2022 | 0.03% | 110,000 |
| FEDERAL NATL MTG ASSN 2.375% 01/19/2023 | 0.03% | 110,000 |
| FEDERAL HOME LOAN BANKS 3.25% 06/09/2028 | 0.03% | 100,000 |
| TEGNA INC 5% 09/15/2029 | 0.02% | 120,000 |
| BEACON ROOFING SUPPLY INC 4.875% 11/01/2025 | 0.02% | 110,000 |
| AMC NETWORKS INC 4.75% 08/01/2025 | 0.02% | 100,000 |
| WPX ENERGY INC 5.75% 06/01/2026 | 0.02% | 100,000 |
| MASONITE INTL CORP NEW 5.375% 02/01/2028 | 0.02% | 100,000 |
| NETFLIX INC 6.375% 05/15/2029 | 0.02% | 100,000 |
| IRON MTN INC NEW 4.875% 09/15/2029 | 0.02% | 100,000 |
| ALLISON TRANSMISSION INC 5.875% 06/01/2029 | 0.02% | 100,000 |
| STERICYCLE INC 5.375% 07/15/2024 | 0.02% | 100,000 |
| BERRY GLOBAL INC 4.5% 02/15/2026 | 0.02% | 80,000 |
| FEDERAL HOME LN MTG CORP 6.25% 07/15/2032 | 0.02% | 50,000 |
| FEDERAL NATL MTG ASSN 2.75% 06/22/2021 | 0.01% | 60,000 |
| FEDERAL HOME LOAN BANKS 2.125% 06/09/2023 | 0.01% | 50,000 |
| FEDERAL HOME LN MTG CORP 2.75% 06/19/2023 | 0.01% | 50,000 |
Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. To obtain a prospectus download one here or call 800-617-0004. Please read it carefully before investing.
Investing involves risk, including the risk of loss of principal. VBND has the same risks as the underlying securities traded on the exchange throughout the day at market price. Redemptions are limited and often commissions are charged on each trade. VBND may invest in illiquid or thinly traded securities which involve additional risks such as limited liquidity and greater volatility. VBND may make investments in debt securities. The Fund’s investments in high yield securities expose it to a substantial degree of credit risk. These investments are considered speculative under traditional investment standards. Debt issuers and other counterparties may not honor their obligations or may have their debt downgraded by ratings agencies. An increase in interest rates may cause the value of fixed-income securities held by the Fund to decline. During periods of rising interest rates, certain debt obligations will be paid off substantially more slowly than originally anticipated and the value of those securities may fall sharply, resulting in a decline in the Fund’s income and potentially in the value of the Fund’s investments. VBND may also invest in asset backed and mortgage backed securities which include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The Fund invests in the securities included in, or representative of its Index regardless of their investment merits. The performance of the Fund may diverge from the Index. Because the Fund employs a representative sampling strategy and may also invest up to 20% of its assets in securities that are not included in the Index, the Fund may experience a tracking error to a greater extent than a fund that seeks to replicate an index. The Fund is not actively managed and its performance may be adversely affected by a general decline in the market segments relating to its Index.
The fund’s investment advisor is Vident Advisory, LLC. VBND's sub-adviser is Vident Investment Advisory (VIA). Vident Financial owns the index that underlies the fund. The Vident Core U.S. Bond Strategy ETF is distributed by ALPS Distributors, LLC. ALPS is not affiliated with Vident Financial, Vident Advisory or VIA.
Investor shares are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Ordinary brokerage commissions may apply.
Diversification does not ensure a profit or protect against a loss.