Original filing (PDF)20251015140115NAL0005064481001

KELLANOVA

Name: KELLANOVA — KELLANOVA RETIREE WELFARE BENEFIT PLAN, Form 5500 (2024)
Creator: KELLANOVA

Form 5500

FILING_RECEIVED

KELLANOVA RETIREE WELFARE BENEFIT PLAN

Health & welfare plan

Signals · 3

36% in single holding~176 bps in Sched C fees12 service providers

Active participants

Accounts w/ balance

—

Plan assets (EOY)

$456.6M

Net assets (EOY)

$448.4M

How this plan invests

This plan

7 pooled trusts

Schedule D

359 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

Total plan cost

Vendor stack

100

Participation health

Knocking points off

Top holding "NT COMMON SHORT TERM INVT FD CUISP: 66586U437 Total dispositions" is 36% of plan.
176 bps in Schedule C fees — 1659% above peer band of 10 bps.
No active participants reported but plan still holds assets.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for KELLANOVA.

Plan sponsor

Name

KELLANOVA

EIN

38-0710690

Address

412 N. WELLS STREET · CHICAGO, IL · 60654

Phone

(269) 961-2000

Industry

Manufacturingsee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

515

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-15

Welfare benefit codes

4A · Health (other than dental or vision)

4B · Life Insurance

4D · Dental

4E · Vision

4H · Long-Term Disability

4Q · Other

Audit & trust (Schedule H)

Auditor

BDO USA, P.C.

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

12 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
VIA BENEFITS	—	DRAPER, UT	N/A	$3.5M	—
METROPOLITAN LIFE INSURANCE COMPANY	13-5581829	—	N/A	$2.7M	—
MORGAN STANLEY INVESTMENT MGMT LTD	13-0057834	—	N/A	$734K	—
BLUE CROSS BLUE SHIELD OF MICHIGAN	38-2069753	—	N/A	$242K	—
WILLIS TOWERS WATSON	53-0181291	—	N/A	$208K	—
BURGUNDY ASSET MANAGEMENT	98-0407588	—	N/A	$169K	—
NORTHERN TRUST COMPANY	36-1561860	—	N/A	$140K	—
NISA INVESTMENT ADVISORS	48-1140940	—	N/A	$127K	—
WESTERN ASSET MANAGEMENT	95-2705767	—	N/A	$80K	—
PACIFIC INVESTMENT MANAGEMENT CO	33-0629048	—	N/A	$66K	—
BDO USA, P.C.	13-5381590	—	N/A	$55K	—
DELTA	38-1791480	—	N/A	$11K	—

Investments

313 direct securities · 7 pooled funds· $816.8M(100% 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

$490.4M

313 holdings

Pooled Separate Account

$207.4M

1 holding

Common Collective Trust

$119.1M

6 holdings

Investment	Type	Shares / units	Cost	Current value	% of plan
EQUITY INDEX ACCOUNT METLIFE INSURANCE COMPANY · EIN 13-5581829 / PN 000	Pooled Separate Account	—	—	$207.4M	45.4%
NT COMMON SHORT TERM INVT FD CUISP: 66586U437 Total dispositions	—	—	$175.0M	$175.0M	38.3%
NT COMMON SHORT TERM INVT FD CUISP: 66586U437 Total acquisitions	—	—	$130.0M	$130.0M	28.5%
NT COMMON SHORT TERM INVT FD CUISP: 66586U437 Total acquisitions	—	—	$48.0M	$48.0M	10.5%
NT COMMON SHORT TERM INVT FD CUISP: 66586U437 Total dispositions	—	—	$39.0M	$39.0M	8.5%
ARTISAN MULTIPLE INVESTMENT TRUST SEI TRUST COMPANY · EIN 26-3653822 / PN 021	Common Collective Trust	—	—	$38.0M	8.3%
NT COMMON SHORT TERM INVT FD CUISP: 66586U437 Total acquisitions	—	—	$37.3M	$37.3M	8.2%
SERIES OF TRANSACTIONS CF ARTISAN GLOBAL OPPORTUNITIES INST SHRS FD CUISP: 282997L94 Total dispositions	—	—	$70.0M	$22.8M	5.0%
NT COMMON SHORT TERM INVT FD CUISP: 66586U437 Total dispositions	—	—	$21.3M	$21.3M	4.7%
BURGUNDY FUNDS, DST GLOBAL EQU POR BURGUNDY ASSET MANAGEMENT LTD. · EIN 98-6065171 / PN 001	Common Collective Trust	—	—	$19.6M	4.3%
NTGI-QM S&P 500 EQUITY INDEX FUND NORTHERN TRUST GLOBAL INVESTMENTS · EIN 45-6138596 / PN 001	Common Collective Trust	—	—	$19.0M	4.2%
GQG PARTNERS INTERNATIONAL EQUITY RELIANCE TRUST COMPANY · EIN 82-6253445 / PN 011	Common Collective Trust	—	—	$17.4M	3.8%
ARROWSTREET INTL EQUITY ACWI EX US GLOBAL TRUST COMPANY · EIN 61-6553401 / PN 004	Common Collective Trust	—	—	$17.1M	3.7%
COMMON SHORT TERM INVT FUND NORTHERN TRUST GLOBAL INVESTMENTS · EIN 45-6138589 / PN 001	Common Collective Trust	—	—	$7.9M	1.7%
UNITED STATES TREAS BDS 3% DUE 11-15-2044 REG U.S. Government Securities	—	—	$673K	$656K	0.1%
United States dollar Interest Bearing Cash - USD - UNITED STATES OF AMER TREAS NOTES 4.25% 11-15-2034 U.S. Government Securities	—	—	$533K	$526K	0.1%
UNITED STATES OF AMER TREAS BONDS 3.375%DUE 08-15-2042 REG U.S. Government Securities	—	—	$336K	$331K	<0.1%
UNITED STATES TREAS BDS DTD 00300 4.75% U.S. Government Securities	—	—	$304K	$297K	<0.1%
SOUTHN COPPER CORP 5.25% DUE 11-08-2042 Corporate Debt - Other	—	—	$300K	$262K	<0.1%
CITIBANK N A 5.57% Corporate Debt - Other	—	—	$250K	$253K	<0.1%
WI TREASURY SEC 3.375% DUE 11-15-2048 REG U.S. Government Securities	—	—	$241K	$235K	<0.1%
PVTPL INTESA SANPAOLO S P A 7.8% Corporate Debt - Other	—	—	$200K	$224K	<0.1%
PVTPL ALLIANZ SE 6.35% Corporate Debt - Other	—	—	$200K	$208K	<0.1%
UNITED STATES OF AMER TREAS BONDS 4.375%08-15-2054 U.S. Government Securities	—	—	$184K	$183K	<0.1%
LOCKHEED MARTIN CORP 5.2% Corporate Debt - Other	—	—	$190K	$177K	<0.1%
COMCAST CORP NEW 2.987% 11-01-2063 Corporate Debt - Other	—	—	$258K	$172K	<0.1%
ABBVIE INC 4.05% DUE 11-21-2039 REG Corporate Debt - Other	—	—	$221K	$171K	<0.1%
UBS AG LONDON BRH 4.5% 06-26-2048 Corporate Debt - Other	—	—	$199K	$170K	<0.1%
TIME WARNER ENTMT 8.375% DUE 07-15-2033 Corporate Debt - Other	—	—	$208K	$169K	<0.1%
AT&T INC 3.8% Corporate Debt - Other	—	—	$220K	$166K	<0.1%
JPMORGAN CHASE & CO 5.534% 11-29-2045 Corporate Debt - Other	—	—	$160K	$156K	<0.1%
TELEFONICA 7.045% DUE 06-20-2036 Corporate Debt - Other	—	—	$205K	$154K	<0.1%
PVTPL RWE FINANCE US LLC 6.25% 04-16-2054 Corporate Debt - Other	—	—	$150K	$148K	<0.1%
UNITED STATES OF AMER TREAS BONDS 4.375%08-15-2054 U.S. Government Securities	—	—	$151K	$146K	<0.1%
PVTPL INTESA SANPAOLO S P A RCPTS CL X 144A 4.375% DUE 01-12-2048 BEO Corporate Debt - Other	—	—	$177K	$139K	<0.1%
VISA INC 4.3% DUE 12-14-2045 Corporate Debt - Other	—	—	$187K	$137K	<0.1%
ORACLE CORP FIXED 6.9% DUE 11-09-2052 Corporate Debt - Other	—	—	$120K	$135K	<0.1%
ABBVIE INC 4.25% DUE 11-21-2049 REG Corporate Debt - Other	—	—	$178K	$130K	<0.1%
RTX CORPORATION 4.5% Corporate Debt - Other	—	—	$183K	$130K	<0.1%
ALIBABA GROUP HLDG LTD 3.15% DUE Corporate Debt - Other	—	—	$200K	$129K	<0.1%
BANK AMER CORP 2.831% Corporate Debt - Other	—	—	$201K	$123K	<0.1%
DTE ELEC CO 3.75% DUE 08-15-2047 Corporate Debt - Preferred	—	—	$180K	$121K	<0.1%
UNITED AIR 2023-1 A PTT 5.8% DUE Corporate Debt - Other	—	—	$117K	$120K	<0.1%
ALTRIA GROUP INC 5.95% DUE 02-14-2049 Corporate Debt - Other	—	—	$138K	$117K	<0.1%
BERKSHIRE HATHAWAY FIN CORP 4.2% DUE 08-15-2048 REG Corporate Debt - Other	—	—	$160K	$116K	<0.1%
MARSH & MCLENNAN COS INC 5.4% 03-15-2055 Corporate Debt - Other	—	—	$119K	$115K	<0.1%
ALTRIA GROUP INC 3.4% DUE 02-04-2041 Corporate Debt - Other	—	—	$148K	$108K	<0.1%
GOLDMAN SACHS GROUP INC 5.33% Corporate Debt - Other	—	—	$110K	$108K	<0.1%
GE HEALTHCARE HLDG LLC GTD SR NT 6.377% 11-22-2052 Corporate Debt - Other	—	—	$100K	$108K	<0.1%
PACIFICORP 5.8% Corporate Debt - Other	—	—	$109K	$107K	<0.1%
UNITED STATES OF AMER TREAS BONDS 4.5% 11-15-2054 U.S. Government Securities	—	—	$109K	$105K	<0.1%
CITY OF HOPE 5.623% DUE 11-15-2043 Corporate Debt - Other	—	—	$117K	$105K	<0.1%
BANK OF AMERICA CORP 4.571% Corporate Debt - Other	—	—	$110K	$105K	<0.1%
TEXAS INSTRS INC 3.875% Corporate Debt - Other	—	—	$111K	$103K	<0.1%
NORTHROP GRUMMAN 4.03% DUE 10-15-2047 Corporate Debt - Other	—	—	$147K	$102K	<0.1%
CITIGROUP INC 6.125% DUE 08-25-2036 Corporate Debt - Other	—	—	$117K	$102K	<0.1%
WELLS FARGO & COMPANY 5.557% Corporate Debt - Other	—	—	$100K	$100K	<0.1%
VERIZON COMMUNICATIONS INC 2.875% DUE 11-20-2050 BEO Corporate Debt - Other	—	—	$156K	$98K	<0.1%
SOUTHN CAL EDISON 4.5% DUE 09-01-2040 Corporate Debt - Other	—	—	$115K	$96K	<0.1%
SOUTHERN CALIF EDISON CO 4.65 DUE Corporate Debt - Other	—	—	$126K	$95K	<0.1%
CENTERPOINT ENERGY 4.5% DUE 04-01-2044 Corporate Debt - Preferred	—	—	$116K	$95K	<0.1%
PVTPL XSTRATA FIN CDA LTD GTD NT 5.3 DUE10-25-2042 BEO Corporate Debt - Other	—	—	$118K	$94K	<0.1%
WESTERN MIDSTREAM OPERATING LP 6.15% Corporate Debt - Other	—	—	$91K	$92K	<0.1%
UNITED STATES OF AMER TREAS BONDS 4.125% 08-15-2044 U.S. Government Securities	—	—	$91K	$91K	<0.1%
PVTPL NORTHWESTERN MUT LIFE INS CO SURPLUS 3.85% 09-30-2047 Corporate Debt - Other	—	—	$131K	$90K	<0.1%
WELLS FARGO & CO MEDIUM TERM 5.013% Corporate Debt - Other	—	—	$130K	$89K	<0.1%
WARNERMEDIA HOLDINGS INC. 5.05% Corporate Debt - Other	—	—	$91K	$89K	<0.1%
SOLVENTUM CORP 5.9% 04-30-2054 Corporate Debt - Other	—	—	$90K	$88K	<0.1%
JPMORGAN CHASE & CO FORMERLY J P MORGAN NT 6.4 DUE 05-15-2038 BEO Corporate Debt - Preferred	—	—	$99K	$87K	<0.1%
AMGEN INC 5.65% 03-02-2053 Corporate Debt - Other	—	—	$90K	$87K	<0.1%
ABBVIE INC 5.4% 03-15-2054 Corporate Debt - Other	—	—	$90K	$87K	<0.1%
ANALOG DEVICES INC 5.3% Corporate Debt - Other	—	—	$90K	$86K	<0.1%
T-MOBILE USA INC 3.0% DUE 02-15-2041 BEO Corporate Debt - Other	—	—	$119K	$86K	<0.1%
SHELL FIN US INC 4.375% Corporate Debt - Preferred	—	—	$116K	$84K	<0.1%
KINDER MORGAN 5.4% DUE 09-01-2044 Corporate Debt - Other	—	—	$101K	$82K	<0.1%
LOWES COS INC 3% DUE 10-15-2050 Corporate Debt - Other	—	—	$132K	$81K	<0.1%
ENTERPRISE PRODS 4.85% DUE 03-15-2044 Corporate Debt - Other	—	—	$109K	$81K	<0.1%
UNITEDHEALTH GROUP 5.875% DUE 02-15-2053 Corporate Debt - Other	—	—	$79K	$80K	<0.1%
T-MOBILE USA INC 3.4% Corporate Debt - Other	—	—	$119K	$80K	<0.1%
UNITEDHEALTH GROUP 3.7% DUE 08-15-2049 Corporate Debt - Other	—	—	$127K	$80K	<0.1%
ARTHUR J GALLAGHER & CO 5.55% 02-15-2055 Corporate Debt - Other	—	—	$80K	$77K	<0.1%
ALLSTATE CORP 4.5% DUE 06-15-2043 Corporate Debt - Other	—	—	$116K	$77K	<0.1%
PACIFIC GAS & ELEC CO 6.75% Corporate Debt - Other	—	—	$71K	$76K	<0.1%
BOEING CO FIXED 5.805% DUE 05-01-2050 Corporate Debt - Other	—	—	$96K	$74K	<0.1%
DEVON ENERGY CORP 5.6 DUE 07-15-2041 Corporate Debt - Other	—	—	$95K	$74K	<0.1%
PFIZER INVESTMENT ENTER 5.34% Corporate Debt - Other	—	—	$78K	$74K	<0.1%
UNITEDHEALTH GROUP 6.05% DUE 02-15-2063 Corporate Debt - Other	—	—	$69K	$72K	<0.1%
UNITED STATES TREAS NTS 4.5% U.S. Government Securities	—	—	$71K	$70K	<0.1%
ATHENE HLDG LTD 6.25% 04-01-2054 Corporate Debt - Other	—	—	$70K	$70K	<0.1%
TARGA RES FIXED 6.25% DUE 07-01-2052 Corporate Debt - Other	—	—	$70K	$70K	<0.1%
UNITED STATES OF AMER TREAS BONDS DTD 02/15/2015 2.5% DUE 02-15-2045 REG U.S. Government Securities	—	—	$71K	$69K	<0.1%
UNION PAC CORP 3.25% DUE 02-05-2050 Corporate Debt - Other	—	—	$107K	$68K	<0.1%
UNITEDHEALTH GROUP FIXED 4.25% DUE Corporate Debt - Preferred	—	—	$99K	$68K	<0.1%
TARGA RES CORP 4.95% 04-15-2052 Corporate Debt - Other	—	—	$80K	$68K	<0.1%
BANK OF AMERICA CORPORATION 4.443%01-20-2048 Corporate Debt - Other	—	—	$85K	$67K	<0.1%
HALLIBURTON CO 4.85% DUE 11-15-2035 Corporate Debt - Other	—	—	$77K	$67K	<0.1%
PFIZER INVESTMENT ENTER 5.11% Corporate Debt - Other	—	—	$68K	$66K	<0.1%
RTX CORPORATION 6.4% 03-15-2054 Corporate Debt - Other	—	—	$60K	$65K	<0.1%
APPLE INC 3.85% DUE 08-04-2046 Corporate Debt - Other	—	—	$83K	$65K	<0.1%
UNITEDHEALTH GROUP 3.875% DUE 08-15-2059 Corporate Debt - Other	—	—	$96K	$64K	<0.1%
SEAGULL ENERGY CORP 7.5 SR NT DUE 09-15-2027 BEO Corporate Debt - Other	—	—	$73K	$63K	<0.1%
GILEAD SCIENCES 4.8% DUE 04-01-2044 Corporate Debt - Other	—	—	$87K	$63K	<0.1%
TIME WARNER CABLE 7.3% DUE 07-01-2038 Corporate Debt - Other	—	—	$74K	$61K	<0.1%
BRITISH TELECOMMUNICATIONS P L C NT STEPUP 12-15-2030 12-12-2000 Corporate Debt - Other	—	—	$78K	$61K	<0.1%
ENERGY TRANSFER 5.8% DUE 06-15-2038 Corporate Debt - Other	—	—	$66K	$59K	<0.1%
MCDONALDS CORP 4.45% DUE 03-01-2047 REG Corporate Debt - Other	—	—	$87K	$59K	<0.1%
DUKE ENERGY 5.3% DUE 02-15-2040 Corporate Debt - Preferred	—	—	$65K	$59K	<0.1%
BANK OF AMERICA CORP 2.299% 07-21-2032 Corporate Debt - Other	—	—	$70K	$58K	<0.1%
ENERGY TRANSFER 5.95 DUE 10-01-2043 Corporate Debt - Other	—	—	$67K	$58K	<0.1%
HACKENSACK 4.5% DUE 07-01-2057 Corporate Debt - Other	—	—	$75K	$58K	<0.1%
REYNOLDS AMERN INC 8.125% DUE 05-01-2040 Corporate Debt - Other	—	—	$64K	$58K	<0.1%
MORGAN STANLEY 2.484% Corporate Debt - Other	—	—	$70K	$57K	<0.1%
ORACLE CORP 5.55% Corporate Debt - Other	—	—	$60K	$57K	<0.1%
PFIZER INVESTMENT ENTER 5.3% Corporate Debt - Other	—	—	$60K	$56K	<0.1%
TRAVELERS COS INC 4.1% Corporate Debt - Preferred	—	—	$83K	$56K	<0.1%
ONEOK INC 6.625% DUE 09-01-2053 Corporate Debt - Other	—	—	$53K	$56K	<0.1%
INDIANA UNIV HEALTH INC 3.97% BNDS Corporate Debt - Other	—	—	$78K	$56K	<0.1%
ORACLE CORP 5.375% 09-27-2054 Corporate Debt - Other	—	—	$60K	$55K	<0.1%
MIDAMERICAN ENERGY CO 3.95% 08-01-2047 Corporate Debt - Preferred	—	—	$83K	$55K	<0.1%
MASTERCARD INC 3.85% DUE 03-26-2050 REG Corporate Debt - Other	—	—	$83K	$54K	<0.1%
PACIFIC GAS & ELEC CO 6.7% Corporate Debt - Other	—	—	$50K	$54K	<0.1%
SAN DIEGO GAS & 4.5% DUE 08-15-2040 Corporate Debt - Preferred	—	—	$70K	$54K	<0.1%
UNION PAC CORP FIXED 3.75% DUE Corporate Debt - Other	—	—	$81K	$53K	<0.1%
RTX CORPORATION 4.45% Corporate Debt - Other	—	—	$66K	$53K	<0.1%
RTX CORPORATION 3.125% Corporate Debt - Other	—	—	$79K	$52K	<0.1%
BANK AMER CORP 3.311% DUE 04-22-2042 Corporate Debt - Other	—	—	$70K	$52K	<0.1%
TARGA RES CORP 6.5% DUE Corporate Debt - Other	—	—	$50K	$52K	<0.1%
COMMONSPIRIT HLTH 3.91% DUE 10-01-2050 Corporate Debt - Other	—	—	$75K	$52K	<0.1%
WESTN MIDSTREAM STEP CPN 5.75% DUE Corporate Debt - Other	—	—	$50K	$51K	<0.1%
CHARTER COMMUNICATIONS OPER LLC 6.55% 06-01-2034 Corporate Debt - Other	—	—	$50K	$51K	<0.1%
WELLS FARGO & CO 4.75% DUE 12-07-2046 Corporate Debt - Other	—	—	$72K	$51K	<0.1%
ELEVANCE HLTH INC FIXED 6.1% DUE Corporate Debt - Other	—	—	$50K	$51K	<0.1%
BARRICK PD 5.95% DUE 10-15-2039 Corporate Debt - Other	—	—	$60K	$51K	<0.1%
BECTON DICKINSON & 4.685% DUE 12-15-2044 Corporate Debt - Other	—	—	$67K	$50K	<0.1%
DUKE ENERGY FLA 3.4% DUE 10-01-2046 Corporate Debt - Preferred	—	—	$76K	$50K	<0.1%
CVS HEALTH CORP 5.05% DUE 03-25-2048 Corporate Debt - Other	—	—	$69K	$49K	<0.1%
DISNEY WALT CO SR NT 5.4% 10-01-2043 Corporate Debt - Other	—	—	$70K	$49K	<0.1%
INTUIT INC 5.5% Corporate Debt - Other	—	—	$50K	$49K	<0.1%
SOLVENTUM CORP 6.0% 05-15-2064 Corporate Debt - Other	—	—	$50K	$49K	<0.1%
MARSH & MCLENNAN COS INC 5.35% Corporate Debt - Other	—	—	$50K	$49K	<0.1%
HCA INC 6.0% 04-01-2054 Corporate Debt - Other	—	—	$50K	$48K	<0.1%
ARES MANAGEMENT CORPORATION 5.6% Corporate Debt - Other	—	—	$50K	$48K	<0.1%
DUKE ENERGY IND LLC 3.25% DUE 10-01-2049 Corporate Debt - Preferred	—	—	$72K	$47K	<0.1%
UNITEDHEALTH GROUP INC 5.375% Corporate Debt - Other	—	—	$50K	$47K	<0.1%
COMCAST CORP 5.35% 05-15-2053 Corporate Debt - Other	—	—	$50K	$46K	<0.1%
ENTERPRISE PRODS FIXED 4.9% DUE Corporate Debt - Other	—	—	$58K	$45K	<0.1%
JPMORGAN CHASE & CO 3.157% Corporate Debt - Other	—	—	$60K	$44K	<0.1%
CIGNA CORP NEW 3.875% DUE 10-15-2047 REG Corporate Debt - Other	—	—	$60K	$44K	<0.1%
PVTPL NEW YORK LIFE INS CO 3.75% DUE Corporate Debt - Other	—	—	$67K	$44K	<0.1%
SOUTHWESTERN PUBLIC SERVICE 08-09-2017 3.7% DUE 08-15-2047 BEO Corporate Debt - Other	—	—	$65K	$44K	<0.1%
EMERSON ELEC CO 2.8% DUE 12-21-2051/12-21-2021 BEO Corporate Debt - Other	—	—	$70K	$43K	<0.1%
TRANSCONTINENTAL GAS PIPE LINE CO LLC 4.45 DUE 08-01-2042 REG Corporate Debt - Other	—	—	$51K	$42K	<0.1%
HOME DEPOT INC 3.35% DUE 04-15-2050 REG Corporate Debt - Other	—	—	$66K	$42K	<0.1%
STATE STREET CORP 6.7% 12-31-2049 Corporate Debt - Other	—	—	$40K	$41K	<0.1%
ANHEUSER BUSCH 5.8% DUE 01-23-2059 Corporate Debt - Other	—	—	$43K	$41K	<0.1%
CHARTER COMMUNICATIONS OPER LLC / SR SECD NT 5.5% 04-01-2063 Corporate Debt - Other	—	—	$50K	$40K	<0.1%
ONCOR ELEC DELIVERY CO LLC 3.1% Corporate Debt - Other	—	—	$60K	$39K	<0.1%
INDIANAPOLIS PWR & LT CO 1ST MTG BD SER 144A 5.7% 04-01-2054 Corporate Debt - Other	—	—	$40K	$39K	<0.1%
PECO ENERGY CO 3% DUE 09-15-2049 Corporate Debt - Preferred	—	—	$63K	$39K	<0.1%
LOWES COS INC 4.25% Corporate Debt - Other	—	—	$50K	$39K	<0.1%
ABBVIE INC 5.35% 03-15-2044 Corporate Debt - Other	—	—	$40K	$39K	<0.1%
BRISTOL MYERS SQUIBB CO 5.875% Corporate Debt - Other	—	—	$40K	$39K	<0.1%
CARDINAL HLTH INC 5.75% DUE 11-15-2054 Corporate Debt - Other	—	—	$40K	$38K	<0.1%
A T CAP CORP FIXED 3.734% DUE Corporate Debt - Other	—	—	$51K	$38K	<0.1%
FREEPORT-MCMORAN 5.45% DUE 03-15-2043 Corporate Debt - Other	—	—	$40K	$38K	<0.1%
APPLIED MATERIALS INC 2.75% DUE 06-01-2050 BEO Corporate Debt - Other	—	—	$61K	$37K	<0.1%
NORTHERN STS PWR CO MINN 3.6% 09-15-2047 Corporate Debt - Other	—	—	$51K	$37K	<0.1%
UNIV SOUTHN CAL 5.25% DUE 10-01-2111 Corporate Debt - Other	—	—	$61K	$37K	<0.1%
BON SECOURS MERCY 3.205% DUE 06-01-2050 Corporate Debt - Other	—	—	$56K	$37K	<0.1%
INTERCONTINENTAL EXCHANGE INC 5.2% Corporate Debt - Other	—	—	$40K	$36K	<0.1%
PIEDMONT NAT GAS 3.64% DUE 11-01-2046 Corporate Debt - Other	—	—	$50K	$36K	<0.1%
PFIZER INC NT 7.2 DUE 03-15-2039 Corporate Debt - Preferred	—	—	$42K	$35K	<0.1%
COTTAGE HLTH CR 3.304% DUE 11-01-2049 Corporate Debt - Other	—	—	$53K	$35K	<0.1%
KAISER FNDTN HOSPS 3.266% DUE 11-01-2049 Corporate Debt - Other	—	—	$54K	$35K	<0.1%
CHARTER COMMUNICATIONS ENTMT I L P 3.5% 03-01-2042 Corporate Debt - Other	—	—	$50K	$34K	<0.1%
FL PWR & LT CO 3.15% DUE 10-01-2049 Corporate Debt - Other	—	—	$53K	$34K	<0.1%
CVS HEALTH CORP 5.125% DUE 07-20-2045 Corporate Debt - Other	—	—	$44K	$34K	<0.1%
AMERICO LIFE INC SR NT 144A 3.45% Corporate Debt - Other	—	—	$40K	$34K	<0.1%
MORGAN STANLEY 2.239% Corporate Debt - Other	—	—	$40K	$33K	<0.1%
FEDERAL HOME LN MTG CORP POOL #ZA2511 4%06-01-2038 BEO U.S. Government Securities	—	—	$37K	$33K	<0.1%
ANTHEM INC 4.55% 03-01-2048 Corporate Debt - Other	—	—	$47K	$33K	<0.1%
BAT CAPITAL CORPORATION 7.079% DUE Corporate Debt - Other	—	—	$31K	$32K	<0.1%
DOMINION ENERGY SOUTH 6.25% 10-15-2053 Corporate Debt - Other	—	—	$30K	$32K	<0.1%
SMUCKER J M CO 6.5% 11-15-2043 Corporate Debt - Other	—	—	$30K	$32K	<0.1%
DUKE ENERGY FLA LLC 6.2% 11-15-2053 Corporate Debt - Other	—	—	$30K	$32K	<0.1%
REYNOLDS AMERN INC 7% DUE 08-04-2041 Corporate Debt - Other	—	—	$34K	$32K	<0.1%
HARTFORD 3.447% DUE 07-01-2054 Corporate Debt - Other	—	—	$46K	$31K	<0.1%
NORFOLK SOUTHN CORP 5.95% 03-15-2064 Corporate Debt - Other	—	—	$30K	$31K	<0.1%
STATE STR CORP DEP SHS REPSTG 1/100TH PERP 6.7% 12-31-2049 Corporate Debt - Other	—	—	$30K	$31K	<0.1%
MIDAMERICAN ENERGY 5.858% 09-15-2054 Corporate Debt - Other	—	—	$30K	$31K	<0.1%
VERIZON 4% DUE 03-22-2050 Corporate Debt - Other	—	—	$40K	$30K	<0.1%
APOLLO GLOBAL MGMT 5.8% 05-21-2054 Corporate Debt - Other	—	—	$30K	$30K	<0.1%
ENTERPRISE PRODS 5.7% DUE 02-15-2042 Corporate Debt - Other	—	—	$38K	$30K	<0.1%
MIDAMERICAN ENERGY CO 3.65% 08-01-2048 Corporate Debt - Other	—	—	$43K	$30K	<0.1%
MA INST TECH 4.678% DUE 07-01-2114 Corporate Debt - Other	—	—	$39K	$30K	<0.1%
WELLS FARGO AND COMPANY 5.211% 12-03-2035 Corporate Debt - Other	—	—	$30K	$29K	<0.1%
NEW ISSUE HOME DEPOT 30YR USD 3.625% Corporate Debt - Other	—	—	$39K	$29K	<0.1%
COMMONSPIRIT HEALTH 5.548% Corporate Debt - Other	—	—	$30K	$29K	<0.1%
KROGER CO 5.5% Corporate Debt - Other	—	—	$30K	$28K	<0.1%
JPMORGAN CHASE & 4.95% DUE 06-01-2045 Corporate Debt - Other	—	—	$38K	$27K	<0.1%

Showing top 200 of 320 investments by value.