| Name | CUSIP or other identifier | Weight | Shares |
| UNITED STATES TREAS BDS 5.25% 02/15/2029 | 912810FG8 | 3.11% | 9,780,000 |
| UNITED STATES TREAS BDS 6.25% 05/15/2030 | 912810FM5 | 2.99% | 8,610,000 |
| UNITED STATES TREAS BDS 5.5% 08/15/2028 | 912810FE3 | 2.95% | 9,235,000 |
| UNITED STATES TREAS BDS 5.25% 11/15/2028 | 912810FF0 | 2.80% | 8,845,000 |
| UNITED STATES TREAS BDS 6.125% 11/15/2027 | 912810FB9 | 2.54% | 7,825,000 |
| UNITED STATES TREAS NTS 3.125% 11/15/2028 | 9128285M8 | 2.30% | 8,270,000 |
| UNITED STATES TREAS BDS 5.375% 02/15/2031 | 912810FP8 | 2.27% | 6,825,000 |
| FNMA TBA 30YR TBA 3% MAY 3% 05/15/2043 | 01F030652 | 2.17% | 8,400,000 |
| FNCL 2.5 5/21 2.5% 05/15/2051 | 01F022659 | 2.04% | 8,000,000 |
| UNITED STATES TREAS NTS 2.875% 05/15/2028 | 9128284N7 | 1.93% | 7,045,000 |
| UNITED STATES TREAS NTS 2.625% 02/15/2029 | 9128286B1 | 1.83% | 6,800,000 |
| UNITED STATES TREAS NTS 2.875% 08/15/2028 | 9128284V9 | 1.77% | 6,475,000 |
| UNITED STATES TREAS NTS 2.375% 05/15/2029 | 9128286T2 | 1.71% | 6,450,000 |
| UNITED STATES TREAS BDS 6% 02/15/2026 | 912810EW4 | 1.60% | 5,190,000 |
| UNITED STATES TREAS NTS 2.75% 02/15/2028 | 9128283W8 | 1.42% | 5,240,000 |
| UNITED STATES TREAS NTS 1.625% 08/31/2022 | 9128282S8 | 1.39% | 5,515,000 |
| FNMA TBA 30YR TBA 3.50% MAY 3.5% 05/15/2041 | 01F032658 | 1.38% | 5,270,000 |
| UNITED STATES TREAS NTS 1.875% 08/31/2022 | 912828L24 | 1.37% | 5,385,000 |
| UNITED STATES TREAS NTS 1.5% 08/15/2022 | 912828YA2 | 1.33% | 5,280,000 |
| UNITED STATES TREAS NTS 1.625% 08/15/2022 | 912828TJ9 | 1.33% | 5,270,000 |
| UNITED STATES TREAS NTS 1.875% 09/30/2022 | 9128282W9 | 1.20% | 4,735,000 |
| UNITED STATES TREAS NTS 1.75% 09/30/2022 | 912828L57 | 1.14% | 4,500,000 |
| TSY INFL IX N/B 0.125% 01/15/2030 | 912828Z37 | 1.04% | 3,877,028 |
| TSY INFL IX N/B 0.125% 07/15/2030 | 912828ZZ6 | 1.02% | 3,798,513 |
| UNITED STATES TREAS BDS 3.875% 04/15/2029 | 912810FH6 | 0.99% | 2,846,503 |
| UNITED STATES TREAS NTS 1.5% 02/15/2030 | 912828Z94 | 0.98% | 4,000,000 |
| UNITED STATES TREAS NTS 1.625% 08/15/2029 | 912828YB0 | 0.95% | 3,800,000 |
| UNITED STATES TREAS NTS 2.25% 11/15/2027 | 9128283F5 | 0.94% | 3,575,000 |
| UNITED STATES TREAS BDS 3.625% 04/15/2028 | 912810FD5 | 0.93% | 2,795,949 |
| US TSY INFL IX N/B 2.5% 1/15/2029 2.5% 01/15/2029 | 912810PZ5 | 0.92% | 2,881,630 |
| UNITED STATES TREAS NTS 1.75% 11/15/2029 | 912828YS3 | 0.88% | 3,480,000 |
| TSY INFL IX N/B 0.875% 01/15/2029 | 9128285W6 | 0.88% | 3,078,351 |
| TSY INFL IX N/B 0.25% 07/15/2029 | 9128287D6 | 0.86% | 3,136,102 |
| UNITED STATES TREAS BDS 1.75% 01/15/2028 | 912810PV4 | 0.85% | 2,834,330 |
| UNITED STATES TREAS BDS TIPS 02/15/40 2.125% 02/15/2040 | 912810QF8 | 0.84% | 2,380,252 |
| UNITED STATES TREAS NTS 1.375% 10/15/2022 | 912828YK0 | 0.83% | 3,280,000 |
| UNITED STATES TREAS BDS TIPS 2.125% 41 2.125% 02/15/2041 | 912810QP6 | 0.82% | 2,291,751 |
| TSY INFL IX N/B 0.5% 01/15/2028 | 9128283R9 | 0.78% | 2,816,393 |
| Cash & Other | Cash&Other | 0.74% | 3,006,026 |
| TSY INFL IX N/B 0.75% 07/15/2028 | 912828Y38 | 0.73% | 2,574,372 |
| UNITED STATES TREAS NTS 0.625% 05/15/2030 | 912828ZQ6 | 0.59% | 2,610,000 |
| GNMA TBA 30YR 3% APR 3% 04/15/2043 | 01N030646 | 0.57% | 2,220,000 |
| UNITED STATES TREAS BDS TIPS .75% 02/15/42 0.75% 02/15/2042 | 912810QV3 | 0.55% | 1,949,102 |
| UNITED STATES TREAS BDS 2.375% 01/15/2027 | 912810PS1 | 0.53% | 1,754,932 |
| UNITED STATES TREAS BDS TIPS 02/15/40 1.375% 02/15/2044 | 912810RF7 | 0.53% | 1,659,139 |
| UNITED STATES TREAS NTS 0.625% 08/15/2030 | 91282CAE1 | 0.52% | 2,300,000 |
| TSY INFL IX N/B 0.375% 07/15/2027 | 9128282L3 | 0.52% | 1,905,797 |
| UNITED STATES TREAS NTS 0.875% 11/15/2030 | 91282CAV3 | 0.51% | 2,200,000 |
| G2SF 2.5 4/20 2.5% 04/15/2050 | 21H022648 | 0.51% | 1,975,000 |
| TSY INFL IX N/B 0.375% 01/15/2027 | 912828V49 | 0.51% | 1,874,400 |
| GNMA TBA 30YR TBA 2.5% APR 2.5% 04/15/2051 | 01N022643 | 0.50% | 1,960,000 |
| UNITED STATES TREAS NTS 2.25% 08/15/2027 | 9128282R0 | 0.50% | 1,895,000 |
| UNITED STATES TREAS NTS 2.375% 05/15/2027 | 912828X88 | 0.49% | 1,830,000 |
| GNMAII JUMBO TBA 30YR TBA 3.000% APR 3% 04/15/2045 | 21H030641 | 0.48% | 1,855,000 |
| TSY INFL IX N/B 0.625% 02/15/2043 | 912810RA8 | 0.48% | 1,738,866 |
| GNMA TBA 30 YR 4.0 APR 4% 04/15/2041 | 01N040645 | 0.43% | 1,600,000 |
| GNMAII JUMBO TBA 30YR TBA 4% APR 4% 04/15/2042 | 21H040640 | 0.42% | 1,600,000 |
| GNMA TBA 30YR TBA 3.50% APR 3.5% 04/15/2041 | 01N032642 | 0.42% | 1,600,000 |
| GNMAII JUMBO TBA 30YR TBA 03.500% APR 3.5% 04/15/2045 | 21H032647 | 0.42% | 1,600,000 |
| UNITED STATES TREAS NTS 0.625% 11/30/2027 | 91282CAY7 | 0.40% | 1,700,000 |
| FNMA TBA 30YR TBA 4.50% MAY 4.5% 05/15/2041 | 01F042657 | 0.40% | 1,500,000 |
| FNMA TBA 30YR TBA 4% MAY 4% 05/15/2041 | 01F040651 | 0.40% | 1,500,000 |
| DARDEN RESTAURANTS INC 3.85% 05/01/2027 | 237194AL9 | 0.39% | 1,445,000 |
| MOHAWK INDS INC 3.625% 05/15/2030 | 608190AL8 | 0.37% | 1,380,000 |
| MICRON TECHNOLOGY INC 5.327% 02/06/2029 | 595112BN2 | 0.37% | 1,270,000 |
| UNITED STATES TREAS BDS 6.25% 08/15/2023 | 912810EQ7 | 0.36% | 1,270,000 |
| TSY INFL IX N/B 0 3/4 02/15/45 0.75% 02/15/2045 | 912810RL4 | 0.36% | 1,252,428 |
| SIMON PPTY GROUP LP 6.75% 02/01/2040 | 828807CE5 | 0.36% | 1,020,000 |
| UNITED RENTALS NORTH AMER INC SR SEC GLBL NT27 3.875% 11/15/2027 | 911365BM5 | 0.35% | 1,370,000 |
| BLACKSTONE SECD LENDING FD 3.625% 01/15/2026 | 09261LAB4 | 0.35% | 1,350,000 |
| UNITED STATES TREAS NTS 2% 11/30/2022 | 912828M80 | 0.34% | 1,320,000 |
| UNITED STATES TREAS NTS 0.5% 10/31/2027 | 91282CAU5 | 0.33% | 1,400,000 |
| ENABLE MIDSTREAM PARTNERS LP SR NT 5% 44 5% 05/15/2044 | 292480AJ9 | 0.33% | 1,315,000 |
| EXPEDIA GROUP INC 3.25% 02/15/2030 | 30212PAR6 | 0.33% | 1,300,000 |
| UNITED STATES TREAS BDS 1% 02/15/2046 | 912810RR1 | 0.33% | 1,106,400 |
| LEGG MASON INC 5.625% 01/15/2044 | 524901AR6 | 0.33% | 1,000,000 |
| MPT OPER PTSHP LP/MPT FIN CORP SR GLBL NT 5% 27 5% 10/15/2027 | 55342UAH7 | 0.32% | 1,210,000 |
| CIMAREX ENERGY CO 3.9% 05/15/2027 | 171798AD3 | 0.32% | 1,200,000 |
| STANLEY BLACK & DECKER INC 4% 03/15/2060 | 854502AM3 | 0.32% | 1,195,000 |
| NEWFIELD EXPL CO 5.375% 01/01/2026 | 651290AR9 | 0.32% | 1,150,000 |
| OMEGA HEALTHCARE INVS INC 5.25% 01/15/2026 | 681936BH2 | 0.32% | 1,125,000 |
| BNSF FUNDING TRUST 1 6.613% 12/15/2055 | 05567SAA0 | 0.32% | 1,120,000 |
| NATIONAL FUEL GAS CO 5.5% 01/15/2026 | 636180BQ3 | 0.32% | 1,115,000 |
| ALTRIA GROUP INC 5.375% 01/31/2044 | 02209SAR4 | 0.32% | 1,100,000 |
| VALERO ENERGY CORP 6.625% 06/15/2037 | 91913YAL4 | 0.32% | 975,000 |
| NOV INC 3.95% 12/01/2042 | 637071AK7 | 0.31% | 1,350,000 |
| SOUTHERN CO 4% 01/15/2051 | 842587DF1 | 0.31% | 1,170,000 |
| VOYA FINANCIAL INC 5.65% 05/15/2053 | 45685EAG1 | 0.31% | 1,155,000 |
| KIRBY CORP 4.2% 03/01/2028 | 497266AC0 | 0.31% | 1,140,000 |
| AMERICAN EQTY INVT LIFE HLD CO CR SEN SR GLBL27 5% 06/15/2027 | 025676AM9 | 0.31% | 1,115,000 |
| JABIL INC 3.95% 01/12/2028 | 466313AH6 | 0.31% | 1,100,000 |
| HOLLYFRONTIER CORP 5.875% 04/01/2026 | 436106AA6 | 0.31% | 1,100,000 |
| MOSAIC CO 5.625% 11/15/2043 | 61945CAE3 | 0.31% | 990,000 |
| KRAFT HEINZ FOODS CO 6.5% 02/09/2040 | 50076QAN6 | 0.31% | 950,000 |
| METLIFE INC 10.75% 08/01/2069 | 59156RAV0 | 0.31% | 735,000 |
| FLOWSERVE CORP 3.5% 10/01/2030 | 34354PAF2 | 0.30% | 1,185,000 |
| PARTNERRE FINANCE B LLC 4.5% 10/01/2050 | 70213BAC5 | 0.30% | 1,175,000 |
| DIAMONDBACK ENERGY INC 3.5% 12/01/2029 | 25278XAN9 | 0.30% | 1,170,000 |
| DISCOVER BK 4.682% 08/09/2028 | 25466AAN1 | 0.30% | 1,150,000 |
| OFFICE PPTYS INCOME TR 4.5% 02/01/2025 | 81618TAC4 | 0.30% | 1,150,000 |
| EDISON INTL 4.125% 03/15/2028 | 281020AM9 | 0.30% | 1,100,000 |
| VIACOM INC 6.25% 02/28/2057 | 92553PBC5 | 0.30% | 1,095,000 |
| SABRA HLTH CARE LP/SABRA CAP C SR GLBL NT 26 5.125% 08/15/2026 | 14162VAB2 | 0.30% | 1,080,000 |
| WESTINGHOUSE AIR BRAKE TECHNOL 4.7% 28 4.95% 09/15/2028 | 960386AM2 | 0.30% | 1,050,000 |
| MAGELLAN MIDSTREAM PRTNRS LP SR NT 5.15% 43 5.15% 10/15/2043 | 559080AG1 | 0.30% | 1,035,000 |
| HESS CORP 6% 01/15/2040 | 42809HAC1 | 0.30% | 1,005,000 |
| ATHENE HOLDING LTD 6.15% 04/03/2030 | 04686JAB7 | 0.30% | 1,000,000 |
| HEWLETT PACKARD CO 6% 09/15/2041 | 428236BR3 | 0.30% | 945,000 |
| INTERPUBLIC GROUP COS INC 5.4% 10/01/2048 | 460690BQ2 | 0.30% | 935,000 |
| KINDER MORGAN ENERGY PARTNERS SR GLBL NT 38 6.95% 01/15/2038 | 494550AW6 | 0.30% | 885,000 |
| LINCOLN NATL CORP IND 7% 06/15/2040 | 534187BA6 | 0.30% | 820,000 |
| PSEG POWER LLC 8.625% 04/15/2031 | 69362BAJ1 | 0.30% | 815,000 |
| ENTERPRISE PRODS OPER LLC 4.875% 08/16/2077 | 29379VBM4 | 0.29% | 1,250,000 |
| CENTENE CORP DEL 4.25% 12/15/2027 | 15135BAR2 | 0.29% | 1,120,000 |
| VERISIGN INC 4.75% 07/15/2027 | 92343EAL6 | 0.29% | 1,110,000 |
| SYNCHRONY FINANCIAL 3.7% 08/04/2026 | 87165BAL7 | 0.29% | 1,095,000 |
| NEXTERA ENERGY CAP HLDGS INC JR SB GLBL -M 77 4.8% 12/01/2077 | 65339KAV2 | 0.29% | 1,075,000 |
| LEAR CORP 3.8% 09/15/2027 | 521865AY1 | 0.29% | 1,070,000 |
| OWENS CORNING NEW 4.3% 07/15/2047 | 690742AG6 | 0.29% | 1,065,000 |
| ENSTAR GROUP LTD 4.95% 06/01/2029 | 29359UAB5 | 0.29% | 1,050,000 |
| MARTIN MARIETTA MATLS INC 4.25% 12/15/2047 | 573284AU0 | 0.29% | 1,035,000 |
| GLP CAP LP/GLP FING II INC 5.75% 06/01/2028 | 361841AK5 | 0.29% | 1,025,000 |
| VULCAN MATLS CO 4.5% 06/15/2047 | 929160AV1 | 0.29% | 1,005,000 |
| FEDEX CORP 5.1% 01/15/2044 | 31428XAW6 | 0.29% | 950,000 |
| HASBRO INC 6.35% 03/15/2040 | 418056AS6 | 0.29% | 910,000 |
| JEFFERIES GROUP INC 6.25% 01/15/2036 | 472319AC6 | 0.29% | 900,000 |
| CHARTER COMMUNICATIONS OPER 6.834% 10/23/2055 | 161175BC7 | 0.29% | 830,000 |
| FIFTH THIRD BANCORP 8.25% 03/01/2038 | 316773CH1 | 0.29% | 705,000 |
| BRIGHTHOUSE FINL INC 4.7% 06/22/2047 | 10922NAF0 | 0.28% | 1,100,000 |
| PRUDENTIAL FINL INC 5.7% 09/15/2048 | 744320BF8 | 0.28% | 1,000,000 |
| EXELON GENERATION CO LLC 6.25% 10/01/2039 | 30161MAG8 | 0.28% | 950,000 |
| SONOCO PRODS CO 5.75% 11/01/2040 | 835495AJ1 | 0.28% | 920,000 |
| MARKEL CORP 5% 04/05/2046 | 570535AQ7 | 0.28% | 900,000 |
| AT&T INC 5.55% 08/15/2041 | 00206RBA9 | 0.28% | 900,000 |
| ALLSTATE CORP 6.5% 05/15/2067 | 020002AU5 | 0.28% | 885,000 |
| ENERGY TRANSFER L P 7.5% 07/01/2038 | 29273RAJ8 | 0.28% | 850,000 |
| HALLIBURTON CO 7.45% 09/15/2039 | 406216AY7 | 0.28% | 800,000 |
| DOMINION ENERGY INC 5.75% 10/01/2054 | 25746UBY4 | 0.27% | 1,010,000 |
| CARDINAL HEALTH INC 4.368% 06/15/2047 | 14149YBM9 | 0.27% | 1,000,000 |
| BRIXMOR OPERATING PRTSHP LP 4.05% 07/01/2030 | 11120VAJ2 | 0.27% | 1,000,000 |
| MARATHON OIL CORP 6.6% 10/01/2037 | 565849AE6 | 0.27% | 880,000 |
| WILLIAMS PARTNERS L.P. 6.3% 04/15/2040 | 96950FAF1 | 0.27% | 850,000 |
| DEVON FING CORP U L C 7.875% 09/30/2031 | 25179SAD2 | 0.27% | 800,000 |
| UNUM GROUP 5.75% 08/15/2042 | 91529YAJ5 | 0.26% | 905,000 |
| PLAINS ALL AMERN PIPELINE L P SR NT 6.65% 37 6.65% 01/15/2037 | 72650RAR3 | 0.26% | 900,000 |
| MOLSON COORS BEVERAGE CO 5% 05/01/2042 | 60871RAD2 | 0.26% | 900,000 |
| DISCOVERY COMMUNICATIONS LLC SR NT 6.35% 40 6.35% 06/01/2040 | 25470DAD1 | 0.26% | 800,000 |
| TENNESSEE VALLEY AUTH FED BE SR GLBL BD 36 5.88% 04/01/2036 | 880591CS9 | 0.25% | 690,000 |
| TENNESSEE VALLEY AUTH FED BE SR GLBL -B BD 38 6.15% 01/15/2038 | 880591CP5 | 0.25% | 660,000 |
| DOW CHEM CO 9.4% 05/15/2039 | 260543BY8 | 0.25% | 600,000 |
| ONEOK PARTNERS LP 6.65% 10/01/2036 | 68268NAC7 | 0.22% | 700,000 |
| UNITED STATES TREAS NTS 0.375% 09/30/2027 | 91282CAL5 | 0.21% | 900,000 |
| UNITED STATES TREAS NTS 0.5% 08/31/2027 | 91282CAH4 | 0.20% | 850,000 |
| TSY INFL IX N/B 0.875% 02/15/2047 | 912810RW0 | 0.19% | 635,315 |
| UNITED STATES TREAS NTS 2% 10/31/2022 | 9128283C2 | 0.18% | 705,000 |
| TSY INFL IX N/B 1% 02/15/2048 | 912810SB5 | 0.18% | 578,390 |
| TENNESSEE VALLEY AUTH FED BE SR GLBL -C BD 39 5.25% 09/15/2039 | 880591EH1 | 0.17% | 500,000 |
| TENNESSEE VALLEY AUTH FED BE SR GLBL -G BD 30 7.125% 05/01/2030 | 880591DM1 | 0.17% | 475,000 |
| UNITED STATES TREAS BDS 4.625% 02/15/2040 | 912810QE1 | 0.16% | 455,000 |
| TENNESSEE VALLEY AUTH FED BE SR GLBL -A BD 27 2.875% 02/01/2027 | 880591EU2 | 0.14% | 535,000 |
| TENNESSEE VALLEY AUTH FED BE SR GLBL -E BD 25 6.75% 11/01/2025 | 880591CJ9 | 0.13% | 405,000 |
| REGIONS BK ALA MTN FDIC TLGP NT 6.45% 37 6.45% 06/26/2037 | 75913MAA7 | 0.13% | 375,000 |
| TENNESSEE VALLEY AUTH FED BE SR -A BD1.875% 22 1.875% 08/15/2022 | 880591EN8 | 0.12% | 475,000 |
| ONEOK PARTNERS LP 6.85% 10/15/2037 | 68268NAD5 | 0.12% | 360,000 |
| FEDERAL NATL MTG ASSN 6.25% 05/15/2029 | 31359MEU3 | 0.12% | 350,000 |
| FEDERAL NATL MTG ASSN 7.25% 05/15/2030 | 31359MFP3 | 0.11% | 310,000 |
| FEDERAL NATL MTG ASSN 7.125% 01/15/2030 | 31359MFJ7 | 0.11% | 300,000 |
| FEDERAL NATL MTG ASSN 6.625% 11/15/2030 | 31359MGK3 | 0.10% | 290,000 |
| CORNING INC 5.45% 11/15/2079 | 219350BQ7 | 0.09% | 275,000 |
| FEDERAL HOME LN MTG CORP 6.75% 03/15/2031 | 3134A4AA2 | 0.09% | 255,000 |
| FEDERAL HOME LOAN BANKS 2.125% 06/10/2022 | 313379Q69 | 0.08% | 325,000 |
| FEDERAL HOME LOAN BANKS 3.25% 06/09/2028 | 3130AEB25 | 0.08% | 270,000 |
| FEDERAL HOME LN MTG CORP 6.75% 09/15/2029 | 3134A3U46 | 0.08% | 225,000 |
| TENNESSEE VALLEY AUTH FED BE SR GLBL -A BD 24 2.875% 09/15/2024 | 880591ER9 | 0.06% | 240,000 |
| FEDERAL HOME LOAN BANKS 3.25% 11/16/2028 | 3130AFFX0 | 0.06% | 200,000 |
| FEDERAL HOME LOAN BANKS 1.875% 12/09/2022 | 313381BR5 | 0.05% | 200,000 |
| FEDERAL NATL MTG ASSN 1.625% 10/15/2024 | 3135G0W66 | 0.05% | 190,000 |
| FEDERAL HOME LN MTG CORP 6.25% 07/15/2032 | 3134A4KX1 | 0.05% | 150,000 |
| FEDERAL HOME LOAN BANKS 5.5% 07/15/2036 | 3133XGAY0 | 0.05% | 150,000 |
| FEDERAL NATL MTG ASSN 2.375% 01/19/2023 | 3135G0T94 | 0.04% | 170,000 |
| FEDERAL NATL MTG ASSN 2% 10/05/2022 | 3135G0T78 | 0.04% | 165,000 |
| FEDERAL HOME LN MTG CORP 0.62% 11/25/2025 | 3134GXEF7 | 0.04% | 155,000 |
| FEDERAL HOME LOAN BANKS 2.125% 03/10/2023 | 313382AX1 | 0.04% | 150,000 |
| FEDERAL HOME LOAN BANKS 2% 09/09/2022 | 313380GJ0 | 0.04% | 150,000 |
| FEDERAL NATL MTG ASSN 5.625% 07/15/2037 | 31398AFD9 | 0.04% | 100,000 |
| FEDERAL NATL MTG ASSN 1.375% 09/06/2022 | 3135G0W33 | 0.03% | 130,000 |
| FEDERAL HOME LOAN BANKS 2.125% 06/09/2023 | 3133834G3 | 0.03% | 115,000 |
| FEDERAL HOME LN MTG CORP 2.75% 06/19/2023 | 3137EAEN5 | 0.03% | 115,000 |
| FEDERAL HOME LN MTG CORP 0.375% 05/05/2023 | 3137EAER6 | 0.03% | 110,000 |
| FEDERAL HOME LOAN BANKS 1.375% 02/17/2023 | 3130AJ7E3 | 0.03% | 100,000 |
| HCA INC. 5.5% 06/15/2047 | 404119BV0 | 0.03% | 100,000 |
| FEDERAL NATL MTG ASSN 1.875% 09/24/2026 | 3135G0Q22 | 0.03% | 100,000 |
| FEDERAL HOME LOAN BANKS 3.375% 12/08/2023 | 3130A0F70 | 0.03% | 95,000 |
| FEDERAL NATL MTG ASSN 0.25% 07/10/2023 | 3135G05G4 | 0.02% | 80,000 |
| FEDERAL HOME LN MTG CORP 0.375% 04/20/2023 | 3137EAEQ8 | 0.02% | 75,000 |
| FEDERAL NATL MTG ASSN 0.25% 05/22/2023 | 3135G04Q3 | 0.02% | 65,000 |
| FEDERAL HOME LOAN BANKS 3.375% 09/08/2023 | 313383YJ4 | 0.02% | 60,000 |
| FEDERAL HOME LN MTG CORP 0.25% 06/26/2023 | 3137EAES4 | 0.01% | 55,000 |
| FEDERAL HOME LN MTG CORP 1.5% 02/12/2025 | 3137EAEP0 | 0.01% | 50,000 |
| FEDERAL HOME LOAN BANKS 2.5% 02/13/2024 | 3130AFW94 | 0.01% | 50,000 |
| FEDERAL HOME LOAN BANKS 2.875% 06/14/2024 | 3130A1XJ2 | 0.01% | 50,000 |
| FEDERAL HOME LOAN BANKS 2.875% 09/13/2024 | 3130A2UW4 | 0.01% | 50,000 |
| FEDERAL HOME LOAN BANKS 2.75% 12/13/2024 | 3130A3GE8 | 0.01% | 50,000 |
| FEDERAL NATL MTG ASSN 2.875% 09/12/2023 | 3135G0U43 | 0.01% | 50,000 |
| FEDERAL NATL MTG ASSN 2.5% 02/05/2024 | 3135G0V34 | 0.01% | 50,000 |
| FEDERAL NATL MTG ASSN 1.75% 07/02/2024 | 3135G0V75 | 0.01% | 50,000 |
| FEDERAL NATL MTG ASSN 1.625% 01/07/2025 | 3135G0X24 | 0.01% | 50,000 |
| TENNESSEE VALLEY AUTH FED BE SR GLBL -A BD 25 0.75% 05/15/2025 | 880591EW8 | 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.