Original filing (PDF)20260212130431NAL0000144915001

TRUSTEES OF SHEET METAL WORKERS LOCAL 33 PENSION PLAN

Name: TRUSTEES OF SHEET METAL WORKERS LOCAL 33 PENSION PLAN — SHEET METAL WORKERS' LOCAL NO. 33 CLEVELAND DISTRICT PENSION PLAN, Form 5500 (2024)
Creator: TRUSTEES OF SHEET METAL WORKERS LOCAL 33 PENSION PLAN

Form 5500

FILING_RECEIVED

SHEET METAL WORKERS' LOCAL NO. 33 CLEVELAND DISTRICT PENSION PLAN

Defined-benefit pension plan

Signals · 2

No recordkeeper disclosed13 service providers

Active participants

457

Accounts w/ balance

—

Plan assets (EOY)

$200.3M

Net assets (EOY)

$190.7M

How this plan invests

This plan

6 pooled trusts

Schedule D

222 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 100

Grade A

Top-tier plan health

Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.

Compliance & disclosures

100

Concentration risk

100

Total plan cost

Vendor stack

Participation health

100

Knocking points off

57 bps in Schedule C fees — 471% above peer band of 10 bps.
No recordkeeper disclosed on Schedule C.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for TRUSTEES OF SHEET METAL WORKERS LOCAL 33 PENSION PLAN.

Plan sponsor

Name

TRUSTEES OF SHEET METAL WORKERS LOCAL 33 PENSION PLAN

EIN

34-6514741

Address

12515 CORPORATE DRIVE · PARMA, OH · 44130

Phone

(216) 267-3344

Industry

Constructionsee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-05-01

Tax period

2025-04-30

Filed

2026-02-12

Pension benefit codes

1A · Pay-related DB formula

Audit & trust (Schedule H)

Auditor

CLARK, SCHAEFER, HACKETT & CO.

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

13 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
SILCHESTER INTERNATIONAL INVESTORS	36-7045783	—	NONE	$278K	—
EAGLE CAPITAL MANAGEMENT	22-3361201	—	NONE	$161K	—
INCOME RESEARCH & MANAGEMENT	—	BOSTON, MA	NONE	$121K	—
MERCER INVESTMENTS LLC	30-0282430	—	NONE	$95K	—
ARBOR CAPITAL MANAGEMENT	—	ANCHORAGE, AK	NONE	$78K	—
KAYNE ANDERSON RUDNICK INVESTMENT	—	PASADENA, CA	NONE	$77K	—
KEYBANK TRUST	34-1784820	—	NONE	$71K	—
STONE HARBOR INVESTMENT PARTNERS	20-3888589	—	NONE	$68K	—
BENESYS, INC.	38-2383171	—	NONE	$65K	—
SEGAL CONSULTING	13-1975125	—	NONE	$64K	—
ALLOTTA FARLEY CO. LPA	34-1316963	—	NONE	$27K	—
CLARK, SCHAEFER, HACKETT & CO.	31-0800053	—	NONE	$26K	—
SMW FRINGE BENEFIT FUNDS, INC.	34-1398805	—	RELATED FUND	$13K	—

Investments

209 direct securities · 6 pooled funds· $196.3M(98% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Uncategorized

$88.3M

207 holdings

Common Collective Trust

$68.2M

4 holdings

103-12 Investment Entity

$24.4M

1 holding

PARTNERSHIP/JOINT VENTURE

$12.4M

1 holding

Pooled Separate Account

$2.9M

1 holding

OTHER

$54K

1 holding

Investment	Type	Shares / units	Cost	Current value	% of plan
NT COLLECTIVE RUSSELL 1000 INDEX FD NORTHERN TRUST INVESTMENTS, INC. · EIN 45-6138589 / PN 095	Common Collective Trust	—	$17.4M	$37.2M	18.6%
SILCHESTER INT INV-EQUITY GROUP KEY TRUST COMPANY · EIN 36-7045783 / PN 001	103-12 Investment Entity	—	$2.3M	$24.4M	12.2%
Federated Government Obligations 12,901,772.25 Units	—	—	$12.9M	$12.9M	6.4%
WTC-CIF II EMERGING MKTS RESEARCH WELLINGTON TRUST COMPANY, NA · EIN 04-6913417 / PN 192	Common Collective Trust	—	$15.0M	$12.6M	6.3%
interests RREEF America II LP 3,273,370.6017 units	PARTNERSHIP/JOINT VENTURE	—	$11.8M	$12.4M	6.2%
DWS RREEF REAL ASSETS COLL INV TR DWS TRUST COMPANY · EIN 82-6252443 / PN 000	Common Collective Trust	—	$8.8M	$9.9M	4.9%
DFA INTL Small Cap Value Portfolio 354,309.1870 Units	—	—	$6.2M	$8.9M	4.5%
NT COLLECTIVE RUSSELL 2000 INDEX FD NORTHERN TRUST INVESTMENTS, INC. · EIN 45-6138589 / PN 096	Common Collective Trust	—	$8.6M	$8.5M	4.2%
The Principal Real Estate Fund 46,314.6563 Units	—	—	$440K	$2.9M	1.5%
PRINCIPAL US PROPERTY SEPARATE AC PRINCIPAL LIFE INSURANCE CO. · EIN 42-0127290 / PN 027	Pooled Separate Account	—	—	$2.9M	1.5%
Registered investment companies Virtus Newfleet High Yield Open-End Fund CL R6 744,803.2400 Units	—	—	$2.8M	$2.8M	1.4%
Stone Harbor Emerging Mkts Debt 330,745.7210 Units	—	—	$2.9M	$2.4M	1.2%
FNMA Single Family 3.50% 30 Yr 2,475,000 par 3.500% 30 year	—	—	$2.2M	$2.2M	1.1%
FNMA Single Family 5.00% 30 Yr 2,000,000 par 5.000% 30 year	—	—	$1.9M	$2.0M	1.0%
United States Treas NTS 1,750,000 par dtd 8/15/23 3.875% due 8/15/33	—	—	$1.7M	$1.7M	0.9%
FNMA Single Family 4.00% 30 Yr 1,850,000 par 4.000% 30 year	—	—	$1.7M	$1.7M	0.9%
Amazon Com Inc 7,927 Shares	—	—	$562K	$1.5M	0.7%
FNMA Single Family 3.00% 30 Yr 1,375,000 par 3.000% 30 year	—	—	$1.2M	$1.2M	0.6%
ConocoPhillips 12,924 Shares	—	—	$1.3M	$1.2M	0.6%
United States Treas NTS 1,175,000 par dtd 2/15/18 2.750% due 2/15/28	—	—	$1.1M	$1.1M	0.6%
Microsoft Corp 2,547 Shares	—	—	$311K	$1.0M	0.5%
Comcast Corp 28,676 Shares	—	—	$1.1M	$981K	0.5%
Workday Inc 3,865 Shares	—	—	$919K	$947K	0.5%
Stone Harbor Local Markets Fund 111,534.8020 Units	—	—	$957K	$946K	0.5%
Aercap Holdings NV 8,875 Shares	—	—	$530K	$941K	0.5%
Stone Harbor Emerging Mkts Corp Dbt 118,337.3540 Units	—	—	$1.0M	$932K	0.5%
London Stock Exchange Group PLC 22,153 Shares	—	—	$757K	$871K	0.4%
Alphabet Inc 5,367 Shares	—	—	$198K	$863K	0.4%
UnitedHealth Group Inc 2,032 Shares	—	—	$613K	$836K	0.4%
Meta Platforms Inc 1,359 Shares	—	—	$274K	$746K	0.4%
Shell PLC SPONS ADR 11,407 Shares	—	—	$668K	$736K	0.4%
SAP SE 2,305 Shares	—	—	$324K	$673K	0.3%
United States Treas Bds 800,000 par dtd 5/15/23 3.625% due 5/15/53	—	—	$707K	$662K	0.3%
Capital One Financial Corp 3,397 Shares	—	—	$301K	$612K	0.3%
Taiwan Semiconductor MFG CO 3,566 Shares	—	—	$362K	$594K	0.3%
Woodward Inc 3,146 Shares	—	—	$410K	$590K	0.3%
Aon PLC 1,616 Shares	—	—	$363K	$573K	0.3%
Lennar Corp 5,111 Shares	—	—	$605K	$555K	0.3%
Humana Inc 1,969 Shares	—	—	$644K	$516K	0.3%
Bayer AG SPONS ADR 76,757 Shares	—	—	$771K	$506K	0.3%
United States Treas NTS 500,000 par dtd 5/31/23 3.625% due 5/31/28	—	—	$486K	$500K	0.2%
Berkley W R Corp 6,162 Shares	—	—	$184K	$442K	0.2%
United States Treas NTS 500,000 par dtd 2/15/22 1.875% due 2/28/32	—	—	$452K	$439K	0.2%
GE Vernova 1,181 Shares	—	—	$159K	$438K	0.2%
Liberty Broadband Corp 4,841 Shares	—	—	$474K	$438K	0.2%
LPL Financial Holdings Inc 1,300 Shares	—	—	$177K	$416K	0.2%
Elevance Health Inc 981 Shares	—	—	$378K	$413K	0.2%
Wells Fargo Co 5,732 Shares	—	—	$233K	$407K	0.2%
United States Treas NTS 400,000 par dtd 2/15/16 1.6250% due 2/15/26	—	—	$390K	$393K	0.2%
Estee Lauder Cos Inc 6,523 Shares	—	—	$462K	$391K	0.2%
Crystal Plaza Project 387,510.06 Units	—	—	$388K	$388K	0.2%
United States Treas Bds 500,000 par dtd 11/15/15 3.00% due 11/15/45	—	—	$515K	$385K	0.2%
Bentley Sys Inc 8,369 Shares	—	—	$384K	$360K	0.2%
Rollins Inc 6,288 Shares	—	—	$234K	$359K	0.2%
Interactive Brokers Group Inc 2,081 Shares	—	—	$153K	$358K	0.2%
Allegion PLC 2,522 Shares	—	—	$301K	$351K	0.2%
Watsco Inc 738 Shares	—	—	$192K	$339K	0.2%
Equifax Inc 1,262 Shares	—	—	$233K	$328K	0.2%
Safran SA UNSPONS ADR 4,887 Shares	—	—	$151K	$326K	0.2%
Prosus N V SPONS ADR 34,928 Shares	—	—	$243K	$324K	0.2%
Cooper Cos Inc 3,956 Shares	—	—	$357K	$323K	0.2%
BJ's Wholesale Club Holdings Inc 2,626 Shares	—	—	$179K	$309K	0.2%
Teledyne Technologies Inc 648 Shares	—	—	$380K	$302K	0.2%
Universal Display Corp 2,403 Shares	—	—	$434K	$302K	0.2%
Pool Corp 1,027 Shares	—	—	$363K	$301K	0.2%
Lennox International Inc 549 Shares	—	—	$156K	$300K	0.1%
US Dollar Currency 16,122.66 Units	—	—	$297K	$297K	0.1%
Zurn Elkay Water Solutions Corp 8,646 Shares	—	—	$193K	$294K	0.1%
Mars Inc 290,000 par dtd 3/12/25 due 3/1/35	—	—	$289K	$291K	0.1%
HCA Inc Senior NT 285,000 par dtd 2/23/24 5.45% 4/1/31	—	—	$290K	$290K	0.1%
Glencore Funding LLC Sr 285,000 par dtd 4/4/24 5.634% due 4/4/34	—	—	$286K	$285K	0.1%
Henry Jack & Assoc Inc 1,641 Shares	—	—	$253K	$285K	0.1%
T-Mobile USA Inc 305,000 par dtd 1/12/24 5.50% due 1/15/55	—	—	$290K	$284K	0.1%
Alcoa Corp 11,202 Shares	—	—	$407K	$275K	0.1%
Bright Horizons Family Solutions 2,097 Shares	—	—	$305K	$263K	0.1%
Choice Hotels Intl Inc 2,072 Shares	—	—	$242K	$261K	0.1%
Diamondback Energy Inc Senior BD 250,000 par dtd 10/28/22 6.25% due 3/15/33	—	—	$257K	$261K	0.1%
Hilton Worldwide Holdings Inc 1,156 Shares	—	—	$87K	$261K	0.1%
Nordson Corp 1,335 Shares	—	—	$253K	$253K	0.1%
UL Solutions Inc 4,311 Shares	—	—	$236K	$247K	0.1%
Versus Securitization Trust CMO 2021-3 A1 280,993.5597 par dtd 6/1/21 FL RT due 6/25/66	—	—	$272K	$241K	0.1%
Zebra Technologies Corp 946 Shares	—	—	$400K	$237K	0.1%
Intuit 369 Shares	—	—	$221K	$232K	0.1%
Kinder Morgan Inc 225,000 par dtd 5/1/25 5.85% due 6/1/35	—	—	$224K	$228K	0.1%
Nextera Energy Capital Hldgs Inc 225,000 par dtd 2/4/25 5.45% due 3/15/35	—	—	$225K	$227K	0.1%
Chemed Corp 389 Shares	—	—	$197K	$226K	0.1%
Mizuho Financial Group Inc 260,000 par dtd 9/13/21 2.564% due 9/13/31	—	—	$244K	$224K	0.1%
Ashtead Capital Inc 225,000 par dtd 1/30/23 5.55% due 5/30/33	—	—	$223K	$223K	0.1%
Ollie's Bargain Outlet Hldgs 2,097 Shares	—	—	$198K	$223K	0.1%
Ingersoll Rand Inc 220,000 par dtd 5/10/24 5.45% due 6/15/34	—	—	$225K	$222K	0.1%
Williams COS Inc Senior BD 225,000 par dtd 1/5/24 5.15% due 3/15/34	—	—	$226K	$221K	0.1%
Flex LTD DTD 220,000 par dtd 6/6/19 4.875% due 6/15/29	—	—	$216K	$218K	0.1%
US Bancorp Med Term BK NT 225,000 par dtd 7/22/22 4.967% due 7/22/33	—	—	$221K	$218K	0.1%
Arthur J Gallagher & Co 230,000 par dtd 12/19/24 5.55% due 2/15/55	—	—	$229K	$217K	0.1%
Deutsche Bank AG N Y 205,000 par dtd 2/10/23 7.079% due 2/10/34	—	—	$221K	$214K	0.1%
Morgan Stanley Senior BD 255,000 par dtd 9/16/21 2.48% due 9/16/36	—	—	$234K	$213K	0.1%
Barclays Commercial MTG SECS Trust 225,000 par dtd 3/28/18 Fl RT% due 3/15/37	—	—	$203K	$212K	0.1%
Thor Inds Inc 2,870 Shares	—	—	$356K	$208K	0.1%
Wells Fargo & Co 225,000 par dtd 3/8/22 FL RT% due 3/2/33	—	—	$224K	$202K	0.1%
Targa Resources Corp 250,000 par dtd 4/6/22 4.95% due 4/15/52	—	—	$220K	$201K	0.1%
PTC Inc 1,285 Shares	—	—	$207K	$199K	<0.1%
Sonoco Products Co 200,000 par dtd 9/19/24 4.6% due 9/1/29	—	—	$200K	$197K	<0.1%
Discover Financial Services 1,069 Shares	—	—	$130K	$195K	<0.1%
SAIA Inc 793 Shares	—	—	$236K	$193K	<0.1%
Societe Generale 200,000 par dtd 6/9/21 1.792% due 6/9/27	—	—	$193K	$193K	<0.1%
Hamilton Lane Inc 1,248 Shares	—	—	$197K	$193K	<0.1%
Phillips 66 200,000 par dtd 11/17/14 4.65% due 11/15/34	—	—	$189K	$187K	<0.1%
Charter Communications Operating LLC 250,000 par dtd 10/24/19 4.80% due 3/1/50	—	—	$193K	$186K	<0.1%
Truist Financial Corp NT Ser G 165,000 par dtd 10/27/23 7.1611% due 10/30/29	—	—	$168K	$178K	<0.1%
Oracle Corp Senior BD 260,000 par dtd 4/1/20 3.60% due 4/1/50	—	—	$185K	$177K	<0.1%
Citigroup Inc Sub Bd 175,000 par dtd 9/29/15 4.45% due 9/29/27	—	—	$164K	$174K	<0.1%
Exponent Inc 2,209 Shares	—	—	$205K	$174K	<0.1%
Service titan Inc 1,499 Shares	—	—	$130K	$173K	<0.1%
Ashford Hospitality Trust CMO DEQ PYR 173,735.2622 par dtd 5/15/18 FL RT% due 4/15/35	—	—	$173K	$172K	<0.1%
Siteone Landscape Supply Inc 1,500 Shares	—	—	$255K	$172K	<0.1%
Bx Trust 175,000 par dtd 5/17/19 FL RT% due 4/15/34	—	—	$164K	$172K	<0.1%
Fair Isaac Corp 85 Shares	—	—	$41K	$169K	<0.1%
HSBC Holdings PLC 180,000 par dtd 5/24/21 2.804% due 5/24/32	—	—	$146K	$158K	<0.1%
American Express Co 155,000 par dtd 7/28/23 5.4625% due 7/28/34	—	—	$155K	$156K	<0.1%
Royalty Pharma PLC 155,000 par dtd 6/10/24 5.40% due 9/2/34	—	—	$152K	$154K	<0.1%
Bx Trust CMO SEQ PYR 153,068.3192 par dtd 5/17/19 RT% due 4/17/34	—	—	$152K	$151K	<0.1%
JP Morgan Chase & Co Bond 165,000 par dtd 5/13/20 FL RT % due 5/13/31	—	—	$146K	$151K	<0.1%
Tractor Supply Co 175,000 par dtd 10/30/20 1.75% due 11/1/30	—	—	$149K	$149K	<0.1%
Blackstone Private Credit Fund 155,000 par dtd 11/22/24 6.00% due 11/22/34	—	—	$148K	$148K	<0.1%
Reinsurance Group of America Inc 150,000 par dtd 3/3/25 6.65% due 9/15/55	—	—	$150K	$145K	<0.1%
R Horton Inc 145,000 par dtd 2/26/25 5.50% due 10/15/35	—	—	$145K	$145K	<0.1%
Barclays PLC 150,000 par dtd 11/24/21 2.279% due 11/24/27	—	—	$150K	$145K	<0.1%
Vistra Operations Co LLC 145,000 par dtd 12/4/24 5.70% due 12/30/34	—	—	$146K	$144K	<0.1%
HF Sinclair Corp 145,000 par dtd 1/23/25 5.75% 1/15/31	—	—	$145K	$144K	<0.1%
CRH America Finance Inc 140,000 par dtd 5/21/24 5.4% due 5/21/34	—	—	$144K	$142K	<0.1%
Capital One Financial Corp 135,000 par dtd 6/8/2023 6.377% due 6/8/34	—	—	$136K	$141K	<0.1%
Grupo Antolin-Irausa SA 200,000 par dtd 6/29/21 3.50% due 4/30/28	—	—	$141K	$140K	<0.1%
Apollo Debt Solutions BDC 135,000 par dtd 1/29/25 6.70% due 7/29/31	—	—	$138K	$137K	<0.1%
Martin Marietta Matls Inc 261 Shares	—	—	$120K	$137K	<0.1%
Cubesmart L P 145,000 par dtd 10/11/19 3.00% due 2/15/30	—	—	$147K	$134K	<0.1%
Broadcom Inc 150,000 par dtd 3/31/21 3.419% due 4/15/33	—	—	$130K	$134K	<0.1%
Aercap Ireland Capital LTD 150,000 par dtd 10/29/21 3.3% due 1/30/32	—	—	$127K	$133K	<0.1%
Oglethorpe Power Corp 135,000 par dtd 1/27/25 5.90% due 2/1/55	—	—	$134K	$132K	<0.1%
Fiserv Inc Senior BD 130,000 par dtd 3/4/24 5.45% due 3/15/34	—	—	$130K	$130K	<0.1%
Western Union Co 150,000 par dtd 3/9/21 2.75% due 3/15/31	—	—	$120K	$130K	<0.1%
Marriott International Inc 145,000 par dtd 3/5/21 2.850% due 4/15/31	—	—	$142K	$130K	<0.1%
Natwest Group PLC 125,000 par dtd 3/1/24 6.475% due 6/1/34	—	—	$131K	$129K	<0.1%
Royalty Pharma PLC 175,000 par dtd 3/2/21 3.30% due 9/2/40	—	—	$129K	$129K	<0.1%
Altice Financing S A 150,000 par dtd 8/12/21 4.25% due 8/15/29	—	—	$120K	$128K	<0.1%
Western Midstream Operating 135,000 par dtd 1/13/20 4.05% due 2/1/30	—	—	$124K	$128K	<0.1%
Broadcom Inc 130,000 par dtd 10/2/24 4.55% due 2/15/32	—	—	$130K	$127K	<0.1%
Engie SA FGN SR NT SER 144A 125,000 par dtd 4/10/24 5.625% due 4/10/34	—	—	$130K	$126K	<0.1%
BPCE S A 125,000 par dtd 1/18/23 5.975% due 1/18/27	—	—	$125K	$126K	<0.1%
Concentrix Corp 120,000 par dtd 8/2/23 6.60% due 8/2/28	—	—	$122K	$126K	<0.1%
NNN REIT INC 125,000 par dtd 5/29/24 5.50% due 6/16/34	—	—	$124K	$125K	<0.1%
Microchip Technology Inc 125,000 par dtd 12/16/24 5.05% due 2/15/30	—	—	$124K	$124K	<0.1%
Sabine Pass Liquefaction LLC 125,000 par dtd 3/6/17 4.2% due 3/15/28	—	—	$141K	$124K	<0.1%
Keyspan Gas East Corp Senior NT 144A 120,000 par dtd 3/6/23 5.994% due 3/6/33	—	—	$120K	$123K	<0.1%
WEA Finance LLC 125,000 par dtd 10/15/19 2.875% due 1/15/27	—	—	$124K	$121K	<0.1%
Vulcan Materials Co 461 Shares	—	—	$104K	$121K	<0.1%
San Diego Gas & Elec Co Bond Ser ZZZ 130,000 par dtd 3/10/23 5.35% due 4/1/53	—	—	$125K	$120K	<0.1%
Constellation Energy Generation LLC Senior BD 125,000 par dtd 3/15/24 5.75% due 3/15/54	—	—	$123K	$118K	<0.1%
Citigroup Inc Sub Bd 115,000 par dtd 5/25/2023 6.174% due 5/25/34	—	—	$116K	$118K	<0.1%
Occidental Petroleum Corp 125,000 par dtd 7/26/24 5055% due 10/1/34	—	—	$125K	$117K	<0.1%
Pacificorp Bond 130,000 par dtd 12/1/22 5.35% due 12/1/53	—	—	$130K	$116K	<0.1%
Pacific Gas & Electric Co Bond 115,000 par dtd 1/6/23 6.75% due 1/15/23	—	—	$125K	$116K	<0.1%
Bank of America Corp 130,000 par dtd 4/22/2021 2.687% due 4/22/2032	—	—	$110K	$115K	<0.1%
Smith & Nephew PLC 115,000 par dtd 3/20/24 5.40% due 3/20/34	—	—	$115K	$115K	<0.1%
Aes Corp Senior NT 110,000 par dtd 5/17/23 5.45% due 6/1/28	—	—	$110K	$112K	<0.1%
US Bancorp Bond Ser BB 110,000 par dtd 2/12/25 5.046% due 2/12/31	—	—	$110K	$111K	<0.1%
Boeing Co 110,000 par dtd 5/4/20 5.15% due 5/1/30	—	—	$108K	$111K	<0.1%
Vodafone Group PLC 115,000 par dtd 6/28/24 5.875% due 6/28/64	—	—	$114K	$109K	<0.1%
Tapestry Inc Sr 125,000 par dtd 12/1/21 3.050% due 3/15/32	—	—	$125K	$108K	<0.1%
Oracle Corp Senior NT 100,000 par dtd 11/9/22 6.25% due 11/9/32	—	—	$107K	$107K	<0.1%
Boeing Co 115,000 par dtd 5/4/20 5.93% due 5/1/60	—	—	$107K	$106K	<0.1%
Synchrony Financial Senior NT 125,000 par dtd 10/28/21 2.875% due 10/28/31	—	—	$125K	$106K	<0.1%
Leidos Inc Senior BD 100,000 par dtd 2/28/23 5.75% due 3/15/33	—	—	$100K	$102K	<0.1%
American Express Co 100,000 par dtd 1/30/25 5.085% due 1/30/31	—	—	$100K	$102K	<0.1%
Bank of America Corp 100,000 par dtd 8/15/24 5.425% due 8/15/35	—	—	$100K	$98K	<0.1%
Hyundai Capital America Senior NT SER 144A 100,000 par dtd 2/10/20 3.000% due 2/10/27	—	—	$94K	$97K	<0.1%
Ardagh Metal Packaging USA Inc 100,000 par dtd 3/12/21 3.00% due 9/1/29	—	—	$121K	$96K	<0.1%
PepsiCo In Sr NT 100,000 par dtd 3/19/20 2.75% due 3/19/30	—	—	$94K	$93K	<0.1%
Goldman Sachs Group Inc Senior 90,000 par dtd 4/25/24 5.85% due 4/25/35	—	—	$92K	$93K	<0.1%
Avolon Holdings FSDG LTD FGN SR NT 90,000 par dtd 12/12/24 5.15% due 1/15/30	—	—	$90K	$89K	<0.1%
Hyundai Capital America Senior NT SER 144A 85,000 par dtd 11/3/23 6.50% due 1/16/29	—	—	$85K	$89K	<0.1%
Standard Chartered PLC 100,000 par dtd 11/18/20 3.265% due 2/18/36	—	—	$96K	$89K	<0.1%
Ford Motor Credit Co LLC 90,000 par dtd 1/7/25 6.50% due 2/7/35	—	—	$88K	$87K	<0.1%
BPCE S A 85,000 par dtd 1/14/25 6.915% due 1/14/46	—	—	$85K	$86K	<0.1%
Japan Tobacco Inc 80,000 par dtd 4/15/25 5.85% due 6/15/35	—	—	$80K	$83K	<0.1%
Aercap Ireland Capital LTD 85,000 par dtd 4/1/25 6.50% due 1/31/56	—	—	$85K	$83K	<0.1%
HSBC Holdings PLC 75,000 par dtd 11/19/24 5.286% due 11/19/30	—	—	$75K	$76K	<0.1%
Avolon Holdings Fndg LTD 75,000 par dtd 5/15/24 5.75% due 11/15/29	—	—	$74K	$76K	<0.1%
Truist Financial Corp Med Term NT 75,000 par dtd 1/26/23 FL RT% due 1/26/34	—	—	$73K	$73K	<0.1%
MPLX LP 75,000 par dtd 3/10/25 5.40% due 4/1/35	—	—	$75K	$73K	<0.1%
Ferguson Enterprises Inc 75,000 par dtd 10/3/24 5.00% due 10/3/34	—	—	$75K	$73K	<0.1%
Hyundai Capital America Inc 75,000 par dtd 9/17/21 2.10% due 9/15/28	—	—	$71K	$68K	<0.1%
Enel Finance International N V 60,000 par dtd 10/7/09 6.00% due 10/7/39	—	—	$63K	$61K	<0.1%
PNC Financial Services Group 60,000 par dtd 1/29/25 5.75% due 1/29/36	—	—	$60K	$61K	<0.1%
HSBC Holdings PLC 60,000 par dtd 11/18/24 5.874% due 11/18/35	—	—	$59K	$59K	<0.1%
Enel Finance International N V 65,000 par dtd 6/15/22 5.50% due 6/15/52	—	—	$61K	$59K	<0.1%
Warnermedia Holdings Inc Senior BD 75,000 par dtd 3/15/22 5.05% due 3/15/42	—	—	$61K	$57K	<0.1%
investments - derivative instruments Future contracts 36 Swaps - CDX 2	OTHER	—	—	$54K	<0.1%
Warnermedia Holdings Inc Senior BD 75,000 par dtd 3/15/23 5.141% due 3/15/52	—	—	$58K	$51K	<0.1%
Morgan Stanley Senior NT SER I 50,000 par dtd 4/21/23 5.164% due 4/20/29	—	—	$50K	$51K	<0.1%
Standard Chartered PLC 50,000 par dtd 1/14/21 FL RT due 1/30/27	—	—	$45K	$49K	<0.1%

Showing top 200 of 215 investments by value.