| Name | CUSIP or other identifier | Weight | Shares |
| UNITED STATES TREAS BDS 8% 11/15/2021 | 912810EL8 | 3.88% | 13,920,000 |
| UNITED STATES TREAS BDS 6% 02/15/2026 | 912810EW4 | 3.62% | 10,925,000 |
| UNITED STATES TREAS NTS 2% 08/31/2021 | 912828D72 | 2.33% | 9,045,000 |
| FNMA TBA 30YR TBA 4.50% AUG 4.5% 08/15/2040 | 01F042681 | 2.27% | 8,380,000 |
| UNITED STATES TREAS NTS 1.125% 08/31/2021 | 9128282F6 | 2.26% | 8,875,000 |
| FNMA TBA 30 YR 3.5 3.5% 08/15/2040 | 01F032682 | 2.25% | 8,500,000 |
| UNITED STATES TREAS BDS 4.375% 05/15/2041 | 912810QQ4 | 2.14% | 5,265,000 |
| UNITED STATES TREAS NTS 2.875% 10/15/2021 | 9128285F3 | 2.06% | 7,885,000 |
| UNITED STATES TREAS NTS 2.125% 09/30/2021 | 912828F21 | 1.99% | 7,720,000 |
| UNITED STATES TREAS NTS 2% 10/31/2021 | 912828F96 | 1.88% | 7,295,000 |
| UNITED STATES TREAS BDS 3.75% 11/15/2043 | 912810RD2 | 1.77% | 4,625,000 |
| UNITED STATES TREAS BDS 3.625% 08/15/2043 | 912810RC4 | 1.65% | 4,410,000 |
| UNITED STATES TREAS NTS 1.25% 10/31/2021 | 912828T67 | 1.59% | 6,200,000 |
| UNITED STATES TREAS BDS 4.75% 02/15/2041 | 912810QN1 | 1.59% | 3,745,000 |
| UNITED STATES TREAS NTS 1.125% 09/30/2021 | 912828T34 | 1.49% | 5,860,000 |
| UNITED STATES TREAS NTS 1.75% 11/30/2021 | 912828U65 | 1.47% | 5,695,000 |
| UNITED STATES TREAS BDS 4.25% 11/15/2040 | 912810QL5 | 1.37% | 3,435,000 |
| UNITED STATES TREAS NTS 1.875% 01/31/2022 | 912828V72 | 1.36% | 5,245,000 |
| UNITED STATES TREAS NTS 2% 12/31/2021 | 912828U81 | 1.33% | 5,135,000 |
| FNMA TBA 30YR TBA 3% AUG 3% 08/15/2042 | 01F030686 | 1.33% | 4,990,000 |
| UNITED STATES TREAS NTS 2.875% 11/15/2021 | 9128285L0 | 1.30% | 4,980,000 |
| UNITED STATES TREAS BDS 3.75% 08/15/2041 | 912810QS0 | 1.24% | 3,295,000 |
| UNITED STATES TREAS NTS 2.75% 09/15/2021 | 9128285A4 | 1.23% | 4,725,000 |
| UNITED STATES TREAS BDS 5.5% 08/15/2028 | 912810FE3 | 1.17% | 3,310,000 |
| UNITED STATES TREAS NTS 2.125% 12/31/2021 | 912828G87 | 1.15% | 4,435,000 |
| UNITED STATES TREAS NTS 2.5% 01/15/2022 | 9128285V8 | 1.14% | 4,365,000 |
| UNITED STATES TREAS NTS 1.875% 11/30/2021 | 912828G53 | 1.13% | 4,360,000 |
| UNITED STATES TREAS NTS 2.5% 02/15/2022 | 9128286C9 | 1.10% | 4,195,000 |
| Cash & Other | Cash&Other | 0.90% | 3,578,705 |
| UNITED STATES TREAS NTS 1.5% 01/31/2022 | 912828H86 | 0.84% | 3,265,000 |
| UNITED STATES TREAS BDS 4.375% 05/15/2040 | 912810QH4 | 0.75% | 1,850,000 |
| UNITED STATES TREAS NTS 2% 11/15/2021 | 912828RR3 | 0.74% | 2,860,000 |
| UNITED STATES TREAS BDS TIPS 2.125% 41 2.125% 02/15/2041 | 912810QP6 | 0.67% | 1,750,316 |
| UNITED STATES TREAS BDS 6.25% 05/15/2030 | 912810FM5 | 0.67% | 1,710,000 |
| UNITED STATES TREAS BDS 3.875% 04/15/2029 | 912810FH6 | 0.66% | 1,840,351 |
| UNITED STATES TREAS BDS 3.625% 02/15/2044 | 912810RE0 | 0.59% | 1,575,000 |
| UNITED STATES TREAS BDS TIPS 02/15/40 2.125% 02/15/2040 | 912810QF8 | 0.59% | 1,559,892 |
| UNITED STATES TREAS BDS 3.375% 04/15/2032 | 912810FQ6 | 0.53% | 1,386,672 |
| US TSY INFL IX N/B 2.5% 1/15/2029 2.5% 01/15/2029 | 912810PZ5 | 0.48% | 1,480,783 |
| UNITED STATES TREAS BDS 1.75% 01/15/2028 | 912810PV4 | 0.47% | 1,535,919 |
| CHEMOURS CO 5.375% 05/15/2027 | 163851AE8 | 0.44% | 1,880,000 |
| FNCL 2.5 8/20 2.5% 08/15/2050 | 01F022683 | 0.44% | 1,680,000 |
| TSY INFL IX N/B 0.625% 02/15/2043 | 912810RA8 | 0.44% | 1,455,296 |
| GNMA TBA 30YR TBA 4% JUL 4% 07/15/2041 | 01N040678 | 0.43% | 1,600,000 |
| GNMAII JUMBO TBA 30YR TBA 3.50% JUL 3.5% 07/15/2045 | 21H032670 | 0.43% | 1,600,000 |
| GNMAII JUMBO TBA 30YR TBA 4% JUL 4% 07/15/2042 | 21H040673 | 0.43% | 1,600,000 |
| TSY INFL IX N/B 0.875% 01/15/2029 | 9128285W6 | 0.43% | 1,487,561 |
| SOUTHWESTERN ENERGY CO 7.5% 04/01/2026 | 845467AM1 | 0.42% | 1,805,000 |
| GNMA TBA 30YR TBA 3.50% JUL 3.5% 07/15/2042 | 01N032675 | 0.42% | 1,600,000 |
| UNITED STATES TREAS BDS TIPS 01/15/24 0.625% 01/15/2024 | 912828B25 | 0.42% | 1,565,832 |
| SOUTHERN CO 5.5% 03/15/2057 | 842587CY1 | 0.41% | 1,600,000 |
| VERISIGN INC 4.75% 07/15/2027 | 92343EAL6 | 0.41% | 1,540,000 |
| EMBARQ CORP 7.995% 06/01/2036 | 29078EAA3 | 0.41% | 1,455,000 |
| UNITED STATES TREAS BDS 3.125% 02/15/2043 | 912810QZ4 | 0.40% | 1,140,000 |
| ECLIPSE RES CORP 8.875% 07/15/2023 | 27890GAB6 | 0.39% | 1,960,000 |
| MICHAELS STORES INC 8% 07/15/2027 | 594087AU2 | 0.39% | 1,740,000 |
| GNMAII JUMBO TBA 30YR TBA 3.0% JUL 3% 07/15/2045 | 21H030674 | 0.39% | 1,445,000 |
| TSY INFL IX N/B 0.5% 01/15/2028 | 9128283R9 | 0.39% | 1,413,611 |
| UNITED STATES TREAS BDS TIPS .75% 02/15/42 0.75% 02/15/2042 | 912810QV3 | 0.39% | 1,259,483 |
| UNITED STATES TREAS NTS 2% 02/15/2022 | 912828SF8 | 0.38% | 1,465,000 |
| UNITED STATES TREAS NTS 0.25% 01/15/2025 | 912828H45 | 0.38% | 1,434,286 |
| CONAGRA BRANDS INC 5.4% 11/01/2048 | 205887CE0 | 0.38% | 1,060,000 |
| PSEG PWR LLC 8.625% 04/15/2031 | 69362BAJ1 | 0.38% | 1,035,000 |
| FIFTH THIRD BANCORP 8.25% 03/01/2038 | 316773CH1 | 0.38% | 905,000 |
| WHIRLPOOL CORP 4.5% 06/01/2046 | 963320AV8 | 0.37% | 1,280,000 |
| UNITED STATES TREAS BDS 4.375% 11/15/2039 | 912810QD3 | 0.37% | 930,000 |
| WI TREASURY SEC 0.5% 04/15/2024 | 9128286N5 | 0.36% | 1,362,217 |
| WABTEC CORP 4.95% 09/15/2028 | 960386AM2 | 0.36% | 1,270,000 |
| CARDINAL HEALTH INC 4.368% 06/15/2047 | 14149YBM9 | 0.36% | 1,250,000 |
| FEDEX CORP 5.1% 01/15/2044 | 31428XAW6 | 0.36% | 1,145,000 |
| LEGG MASON INC 5.625% 01/15/2044 | 524901AR6 | 0.36% | 1,125,000 |
| UNITED STATES TREAS BDS TIPS 02/15/40 1.375% 02/15/2044 | 912810RF7 | 0.36% | 1,034,103 |
| L BRANDS INC 6.75% 07/01/2036 | 501797AM6 | 0.35% | 1,665,000 |
| ENTERPRISE PRODS OPER LLC 4.875% 08/16/2077 | 29379VBM4 | 0.35% | 1,570,000 |
| G2SF 2.5 7/20 2.5% 07/01/2050 | 21H022671 | 0.35% | 1,320,000 |
| INGREDION INC 3.2% 10/01/2026 | 457187AB8 | 0.35% | 1,260,000 |
| MICRON TECHNOLOGY INC 5.327% 02/06/2029 | 595112BN2 | 0.35% | 1,140,000 |
| AT&T INC 5.3% 08/15/2058 | 00206RFS6 | 0.35% | 1,050,000 |
| DARDEN RESTAURANTS INC 3.85% 05/01/2027 | 237194AL9 | 0.34% | 1,305,000 |
| MPT OPERATING PARTNERSHIP L.P SR GLBL NT 5% 27 5% 10/15/2027 | 55342UAH7 | 0.34% | 1,300,000 |
| KINDER MORGAN ENERGY PARTNERS SR GLBL NT 38 6.95% 01/15/2038 | 494550AW6 | 0.34% | 1,010,000 |
| VIACOM INC 6.875% 04/30/2036 | 925524AX8 | 0.34% | 970,000 |
| UNITED STATES TREAS BDS 6.125% 11/15/2027 | 912810FB9 | 0.34% | 950,000 |
| INTL PAPER CO 7.3% 11/15/2039 | 460146CF8 | 0.34% | 915,000 |
| GENESIS ENERGY LP/ GENESIS FIN SR GLBL NT6.5% 25 6.5% 10/01/2025 | 37185LAJ1 | 0.33% | 1,480,000 |
| FNMA TBA 30YR 4% AUG 4% 08/15/2040 | 01F040685 | 0.33% | 1,250,000 |
| EDISON INTL 4.125% 03/15/2028 | 281020AM9 | 0.33% | 1,210,000 |
| PLAINS ALL AMERN PIPELINE L P SR NT 6.65% 37 6.65% 01/15/2037 | 72650RAR3 | 0.33% | 1,200,000 |
| PRUDENTIAL FINL INC 5.7% 09/15/2048 | 744320BF8 | 0.33% | 1,155,000 |
| KIRBY CORP 4.2% 03/01/2028 | 497266AC0 | 0.32% | 1,240,000 |
| JABIL INC 3.95% 01/12/2028 | 466313AH6 | 0.32% | 1,170,000 |
| GLP CAP LP/GLP FING II INC 5.75% 06/01/2028 | 361841AK5 | 0.32% | 1,150,000 |
| HESS CORP 6% 01/15/2040 | 42809HAC1 | 0.32% | 1,150,000 |
| MARKEL CORP 5% 04/05/2046 | 570535AQ7 | 0.32% | 1,010,000 |
| UNITED STATES TREAS BDS 4.625% 02/15/2040 | 912810QE1 | 0.32% | 765,000 |
| SYNCHRONY FINANCIAL 3.7% 08/04/2026 | 87165BAL7 | 0.31% | 1,205,000 |
| NEXTERA ENERGY CAP HLDGS INC JR SB GLBL -M 77 4.8% 12/01/2077 | 65339KAV2 | 0.31% | 1,200,000 |
| CARE CAP PPTYS LP 5.125% 08/15/2026 | 14162VAB2 | 0.31% | 1,190,000 |
| TSY INFL IX N/B 0.625% 01/15/2026 | 912828N71 | 0.31% | 1,116,796 |
| MOSAIC CO NEW 5.625% 11/15/2043 | 61945CAE3 | 0.31% | 1,110,000 |
| HEWLETT PACKARD ENTERPRISE CO SR GLBL NT 45 6.35% 10/15/2045 | 42824CAY5 | 0.31% | 950,000 |
| CIMAREX ENERGY CO 3.9% 05/15/2027 | 171798AD3 | 0.30% | 1,155,000 |
| MOLSON COORS BEVERAGE CO 5% 05/01/2042 | 60871RAD2 | 0.30% | 1,090,000 |
| TSY INFL IX N/B 0.25% 07/15/2029 | 9128287D6 | 0.30% | 1,087,528 |
| ENERGY TRANSFER OPERATING LP SR GLBL NT7.5% 38 7.5% 07/01/2038 | 29273RAJ8 | 0.30% | 1,009,000 |
| UNITED STATES TREAS BDS 2% 01/15/2026 | 912810FS2 | 0.30% | 1,007,596 |
| HALLIBURTON CO 7.45% 09/15/2039 | 406216AY7 | 0.30% | 900,000 |
| TSY INFL IX N/B 0.375% 01/15/2027 | 912828V49 | 0.29% | 1,066,707 |
| TSY INFL IX N/B 0.375% 07/15/2027 | 9128282L3 | 0.29% | 1,053,360 |
| UNITED STATES TREAS BDS 2.375% 01/15/2025 | 912810FR4 | 0.29% | 1,006,533 |
| KRAFT FOODS GROUP INC 6.5% 02/09/2040 | 50076QAN6 | 0.29% | 950,000 |
| HEWLETT PACKARD CO 6% 09/15/2041 | 428236BR3 | 0.29% | 945,000 |
| EXELON GENERATION CO LLC 6.25% 10/01/2039 | 30161MAG8 | 0.29% | 920,000 |
| UNITED STATES TREAS BDS 3.625% 04/15/2028 | 912810FD5 | 0.29% | 840,156 |
| ENABLE MIDSTREAM PARTNERS LP SR NT 5% 44 5% 05/15/2044 | 292480AJ9 | 0.28% | 1,370,000 |
| LEAR CORP 3.8% 09/15/2027 | 521865AY1 | 0.28% | 1,070,000 |
| BNSF FUNDING TRUST 1 6.613% 12/15/2055 | 05567SAA0 | 0.28% | 1,020,000 |
| DEVON FING CORP U L C 7.875% 09/30/2031 | 25179SAD2 | 0.28% | 940,000 |
| UNITED STATES TREAS BDS 5.25% 02/15/2029 | 912810FG8 | 0.28% | 780,000 |
| CONCHO RES INC 3.75% 10/01/2027 | 20605PAH4 | 0.27% | 990,000 |
| HOLLYFRONTIER CORP 5.875% 04/01/2026 | 436106AA6 | 0.27% | 980,000 |
| INTERPUBLIC GROUP COS INC 5.4% 10/01/2048 | 460690BQ2 | 0.27% | 935,000 |
| HASBRO INC 6.35% 03/15/2040 | 418056AS6 | 0.27% | 910,000 |
| TSY INFL IX N/B 0 3/4 02/15/45 0.75% 02/15/2045 | 912810RL4 | 0.27% | 843,812 |
| SM ENERGY CO 6.75% 09/15/2026 | 78454LAN0 | 0.26% | 1,980,000 |
| PDC ENERGY INC 5.75% 05/15/2026 | 69327RAJ0 | 0.26% | 1,100,000 |
| UNITED STATES TREAS NTS 1.875% 02/28/2022 | 912828W55 | 0.26% | 1,015,000 |
| MARATHON OIL CORP 6.6% 10/01/2037 | 565849AE6 | 0.26% | 1,010,000 |
| OWENS CORNING NEW 4.3% 07/15/2047 | 690742AG6 | 0.26% | 970,000 |
| MPLX LP 4.125% 03/01/2027 | 55336VAK6 | 0.26% | 955,000 |
| UNITED STATES TREAS BDS 5.25% 11/15/2028 | 912810FF0 | 0.26% | 735,000 |
| TENNESSEE VALLEY AUTH 5.88% 04/01/2036 | 880591CS9 | 0.26% | 650,000 |
| SPIRIT AEROSYSTEMS INC 4.6% 06/15/2028 | 85205TAK6 | 0.25% | 1,235,000 |
| CONTINENTAL RES INC 4.375% 01/15/2028 | 212015AS0 | 0.25% | 1,170,000 |
| COACH INC 4.125% 07/15/2027 | 189754AC8 | 0.25% | 1,065,000 |
| ARCHROCK PARTNERS L P / ARCHRO SR GLBL 144A 27 6.875% 04/01/2027 | 03959KAA8 | 0.25% | 1,020,000 |
| ENSTAR GROUP LTD 4.95% 06/01/2029 | 29359UAB5 | 0.25% | 910,000 |
| ALTRIA GROUP INC 5.375% 01/31/2044 | 02209SAR4 | 0.25% | 805,000 |
| UNITED STATES TREAS NTS 1.75% 02/28/2022 | 912828J43 | 0.24% | 910,000 |
| GNSF 2.5 7/20 2.5% 07/15/2050 | 01N022676 | 0.24% | 900,000 |
| UNITED STATES TREAS BDS 6.25% 08/15/2023 | 912810EQ7 | 0.24% | 800,000 |
| W & T OFFSHORE INC 9.75% 11/01/2023 | 92922PAL0 | 0.23% | 1,500,000 |
| OCCIDENTAL PETE CORP 6.6% 03/15/2046 | 674599DL6 | 0.23% | 1,000,000 |
| GENERAL MTRS CO 6.75% 04/01/2046 | 37045VAL4 | 0.23% | 805,000 |
| VALERO ENERGY CORP 6.625% 06/15/2037 | 91913YAL4 | 0.23% | 670,000 |
| DENBURY RES INC 7.75% 02/15/2024 | 247916AM1 | 0.22% | 2,090,000 |
| DELTA AIR LINES INC DEL 4.375% 04/19/2028 | 247361ZN1 | 0.22% | 1,045,000 |
| APACHE CORP 5.25% 02/01/2042 | 037411AY1 | 0.22% | 1,030,000 |
| UNITED STATES TREAS NTS 0.125% 07/15/2026 | 912828S50 | 0.22% | 807,563 |
| TSY INFL IX N/B 0.75% 07/15/2028 | 912828Y38 | 0.21% | 714,987 |
| TENNESSEE VALLEY AUTH 5.25% 09/15/2039 | 880591EH1 | 0.20% | 500,000 |
| ALLEGHENY TECHNOLOGIES INC 7.875% 08/15/2023 | 01741RAF9 | 0.19% | 750,000 |
| SEAGATE HDD CAYMAN 4.875% 06/01/2027 | 81180WAR2 | 0.18% | 660,000 |
| CARLISLE COS INC 3.75% 12/01/2027 | 142339AH3 | 0.18% | 655,000 |
| TSY INFL IX N/B 0.375% 07/15/2025 | 912828XL9 | 0.18% | 648,696 |
| MARTIN MARIETTA MATLS INC 4.25% 12/15/2047 | 573284AU0 | 0.18% | 610,000 |
| MASCO CORP 4.375% 04/01/2026 | 574599BL9 | 0.17% | 585,000 |
| GNMA TBA 30YR TBA 3% JUL 3% 07/15/2042 | 01N030679 | 0.16% | 610,000 |
| MURPHY OIL CORP 5.75% 08/15/2025 | 626717AJ1 | 0.15% | 665,000 |
| TEREX CORP NEW 5.625% 02/01/2025 | 880779AZ6 | 0.15% | 610,000 |
| MEDNAX INC 6.25% 01/15/2027 | 58502BAC0 | 0.15% | 600,000 |
| CUMULUS MEDIA NEW HLDGS INC 6.75% 07/01/2026 | 23110AAA4 | 0.14% | 615,000 |
| AMERICAN AXLE & MFG INC 6.25% 04/01/2025 | 02406PAR1 | 0.14% | 550,000 |
| DISH DBS CORP 7.75% 07/01/2026 | 25470XAY1 | 0.14% | 520,000 |
| FEDERAL HOME LOAN BANKS 3.25% 06/09/2028 | 3130AEB25 | 0.14% | 460,000 |
| NCR CORP NEW 6.125% 09/01/2029 | 62886EAV0 | 0.13% | 520,000 |
| HARSCO CORP 5.75% 07/31/2027 | 415864AM9 | 0.13% | 500,000 |
| HUGHES SATELLITE SYS CORP 6.625% 08/01/2026 | 444454AF9 | 0.13% | 495,000 |
| GRAY ESCROW INC 7% 05/15/2027 | 389284AA8 | 0.13% | 490,000 |
| CHARTER COMMUNICATIONS OPER 6.834% 10/23/2055 | 161175BC7 | 0.13% | 380,000 |
| FEDERAL NATL MTG ASSN 6.25% 05/15/2029 | 31359MEU3 | 0.13% | 350,000 |
| FREEPORT-MCMORAN INC 5.4% 11/14/2034 | 35671DBJ3 | 0.12% | 470,000 |
| ONEOK PARTNERS LP 6.65% 10/01/2036 | 68268NAC7 | 0.12% | 430,000 |
| TENNESSEE VALLEY AUTH 2.875% 02/01/2027 | 880591EU2 | 0.12% | 430,000 |
| UNITED STATES TREAS BDS 1% 02/15/2046 | 912810RR1 | 0.12% | 346,262 |
| PARSLEY ENERGY LLC 5.625% 10/15/2027 | 701885AH8 | 0.11% | 430,000 |
| AMKOR TECHNOLOGY INC 6.625% 09/15/2027 | 031652BK5 | 0.11% | 420,000 |
| B & G FOODS INC 5.25% 09/15/2027 | 05508WAB1 | 0.11% | 420,000 |
| VALERO ENERGY PARTNERS LP 4.375% 12/15/2026 | 91914JAA0 | 0.11% | 380,000 |
| VULCAN MATLS CO 4.5% 06/15/2047 | 929160AV1 | 0.11% | 375,000 |
| TENNESSEE VALLEY AUTH 6.75% 11/01/2025 | 880591CJ9 | 0.11% | 325,000 |
| FEDERAL HOME LOAN BANKS 3% 09/10/2021 | 313383ZU8 | 0.10% | 400,000 |
| TSY INFL IX N/B 0.125% 01/15/2030 | 912828Z37 | 0.10% | 373,698 |
| HERC HLDGS INC 5.5% 07/15/2027 | 42704LAA2 | 0.10% | 370,000 |
| CF INDS INC 5.375% 03/15/2044 | 12527GAE3 | 0.10% | 360,000 |
| TENNESSEE VALLEY AUTH 7.125% 05/01/2030 | 880591DM1 | 0.10% | 250,000 |
| CALPINE CORP 5.125% 03/15/2028 | 131347CN4 | 0.09% | 370,000 |
| TENNESSEE VALLEY AUTH 1.875% 08/15/2022 | 880591EN8 | 0.09% | 340,000 |
| GREIF INC 6.5% 03/01/2027 | 397624AH0 | 0.09% | 335,000 |
| FEDERAL HOME LOAN BANKS 3.25% 11/16/2028 | 3130AFFX0 | 0.09% | 300,000 |
| SONOCO PRODS CO 5.75% 11/01/2040 | 835495AJ1 | 0.09% | 285,000 |
| FEDERAL NATL MTG ASSN 7.25% 05/15/2030 | 31359MFP3 | 0.09% | 220,000 |
| TALLGRASS ENERGY PARTNERS LP/ SR GLBL 144A 28 5.5% 01/15/2028 | 87470LAD3 | 0.08% | 380,000 |
| FEDERAL HOME LOAN BANKS 3% 10/12/2021 | 3130AF5B9 | 0.08% | 315,000 |
| FEDERAL NATL MTG ASSN 1.375% 10/07/2021 | 3135G0Q89 | 0.08% | 310,000 |
| TSY INFL IX N/B 0.875% 02/15/2047 | 912810RW0 | 0.08% | 254,911 |
| FEDERAL HOME LN MTG CORP 6.75% 03/15/2031 | 3134A4AA2 | 0.08% | 200,000 |
| FEDERAL NATL MTG ASSN 5.625% 07/15/2037 | 31398AFD9 | 0.08% | 200,000 |
| FEDERAL NATL MTG ASSN 7.125% 01/15/2030 | 31359MFJ7 | 0.08% | 200,000 |
| FEDERAL HOME LOAN BANKS 2.625% 12/10/2021 | 313376C94 | 0.07% | 265,000 |
| H & E EQUIPMENT SERVICES INC SR GLBL NT 25 5.625% 09/01/2025 | 404030AH1 | 0.07% | 260,000 |
| FEDERAL NATL MTG ASSN 2.625% 01/11/2022 | 3135G0U92 | 0.07% | 260,000 |
| AMC NETWORKS INC 4.75% 08/01/2025 | 00164VAE3 | 0.07% | 260,000 |
| FEDERAL NATL MTG ASSN 2% 01/05/2022 | 3135G0S38 | 0.07% | 260,000 |
| FEDERAL HOME LN MTG CORP 2.375% 01/13/2022 | 3137EADB2 | 0.07% | 255,000 |
| SIX FLAGS ENTMT CORP NEW 5.5% 04/15/2027 | 83001AAC6 | 0.06% | 260,000 |
| TEMPUR SEALY INTL INC 5.5% 06/15/2026 | 88023UAG6 | 0.06% | 250,000 |
| FEDERAL HOME LOAN BANKS 2.5% 03/11/2022 | 313378WG2 | 0.06% | 245,000 |
| FEDERAL HOME LOAN BANKS 2.25% 03/11/2022 | 313378CR0 | 0.06% | 240,000 |
| FEDERAL HOME LOAN BANKS 1.875% 11/29/2021 | 3130AABG2 | 0.06% | 240,000 |
| POST HLDGS INC 5.625% 01/15/2028 | 737446AN4 | 0.06% | 240,000 |
| FEDERAL NATL MTG ASSN 6.625% 11/15/2030 | 31359MGK3 | 0.06% | 150,000 |
| FEDERAL HOME LN BKS 5.5% 07/15/2036 | 3133XGAY0 | 0.06% | 150,000 |
| FEDERAL HOME LN MTG CORP 6.75% 09/15/2029 | 3134A3U46 | 0.06% | 150,000 |
| OLIN CORP 5% 02/01/2030 | 680665AK2 | 0.05% | 230,000 |
| HOWARD HUGHES CORP 5.375% 03/15/2025 | 44267DAB3 | 0.05% | 220,000 |
| UNITED RENTALS NORTH AMER INC SR SEC GLBL NT27 3.875% 11/15/2027 | 911365BM5 | 0.05% | 205,000 |
| TAYLOR MORRISON CMNTYS INC 5.875% 06/15/2027 | 87724RAA0 | 0.05% | 200,000 |
| WI TREASURY SEC 07/15/23 0.375% 07/15/2023 | 912828VM9 | 0.05% | 198,309 |
| TENNESSEE VALLEY AUTH 2.875% 09/15/2024 | 880591ER9 | 0.05% | 180,000 |
| FEDERAL HOME LOAN BANKS 2.125% 06/10/2022 | 313379Q69 | 0.05% | 175,000 |
| FEDERAL HOME LOAN BANKS 2% 09/09/2022 | 313380GJ0 | 0.04% | 150,000 |
| TSY INFL IX N/B 0 1/8 07/15/24 0.125% 07/15/2024 | 912828WU0 | 0.04% | 145,770 |
| TENNESSEE VALLEY AUTH 3.5% 12/15/2042 | 880591EP3 | 0.04% | 130,000 |
| FEDERAL NATL MTG ASSN 1.875% 04/05/2022 | 3135G0T45 | 0.03% | 130,000 |
| FEDERAL NATL MTG ASSN 1.375% 09/06/2022 | 3135G0W33 | 0.03% | 130,000 |
| FEDERAL NATL MTG ASSN 2.25% 04/12/2022 | 3135G0V59 | 0.03% | 125,000 |
| TEGNA INC 5% 09/15/2029 | 87901JAC9 | 0.03% | 120,000 |
| FEDERAL NATL MTG ASSN 2% 10/05/2022 | 3135G0T78 | 0.03% | 110,000 |
| FEDERAL NATL MTG ASSN 2.375% 01/19/2023 | 3135G0T94 | 0.03% | 110,000 |
| FEDERAL NATL MTG ASSN 1.875% 09/24/2026 | 3135G0Q22 | 0.03% | 100,000 |
| MASONITE INTL CORP NEW 5.375% 02/01/2028 | 575385AD1 | 0.03% | 100,000 |
| ALLISON TRANSMISSION INC 5.875% 06/01/2029 | 019736AF4 | 0.03% | 100,000 |
| STERICYCLE INC 5.375% 07/15/2024 | 858912AF5 | 0.03% | 100,000 |
| NETFLIX INC 6.375% 05/15/2029 | 64110LAX4 | 0.03% | 100,000 |
| TENNESSEE VALLEY AUTH 6.15% 01/15/2038 | 880591CP5 | 0.03% | 80,000 |
| IRON MTN INC NEW 4.875% 09/15/2029 | 46284VAF8 | 0.02% | 100,000 |
| BERRY GLOBAL INC 4.5% 02/15/2026 | 08576PAA9 | 0.02% | 80,000 |
| TSY INFL IX N/B 1% 02/15/2048 | 912810SB5 | 0.02% | 72,780 |
| CORNING INC 5.45% 11/15/2079 | 219350BQ7 | 0.02% | 70,000 |
| FEDERAL HOME LN MTG CORP 6.25% 07/15/2032 | 3134A4KX1 | 0.02% | 50,000 |
| MATADOR RES CO 5.875% 09/15/2026 | 576485AE6 | 0.01% | 70,000 |
| FEDERAL HOME LOAN BANKS 2.125% 06/09/2023 | 3133834G3 | 0.01% | 50,000 |
| FEDERAL HOME LN MTG CORP 2.75% 06/19/2023 | 3137EAEN5 | 0.01% | 50,000 |
| TSY INFL IX N/B 0.125% 10/15/2024 | 912828YL8 | 0.01% | 49,966 |
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.