Original filing (PDF)20251015150516NAL0004940353001

HARLEY-DAVIDSON MOTOR COMPANY, INC

Name: HARLEY-DAVIDSON MOTOR COMPANY, INC — HARLEY-DAVIDSON RETIREMENT PLAN, Form 5500 (2024)
Creator: HARLEY-DAVIDSON MOTOR COMPANY, INC

Form 5500

FILING_RECEIVED

HARLEY-DAVIDSON RETIREMENT PLAN

Defined-benefit pension plan

Signals · 2

No recordkeeper disclosed14 service providers

Active participants

1,160

Accounts w/ balance

—

Plan assets (EOY)

$1.9B

Net assets (EOY)

$1.8B

How this plan invests

This plan

3,207 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

24 bps in Schedule C fees — 370% above peer band of 5 bps.
No recordkeeper disclosed on Schedule C.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for HARLEY-DAVIDSON MOTOR COMPANY, INC.

Plan sponsor

Name

HARLEY-DAVIDSON MOTOR COMPANY, INC

EIN

39-1972791

Address

P.O. BOX 653 · 3700 W JUNEAU AVE · MILWAUKEE, WI · 532010653

Phone

(414) 342-4680

Industry

Manufacturingsee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-15

Pension benefit codes

1A · Pay-related DB formula

1E · Section 401(h) arrangement

3H · Sponsor in controlled / affiliated group

1B · Flat-dollar DB formula

Audit & trust (Schedule H)

Auditor

BAKER TILLY US, LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

14 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
TOWERS WATSON	23-1159360	—	NONE	$1.1M	—
PACIFIC INVESTMENT MNGMT	33-0629048	—	NONE	$584K	—
LOOMIS SAYLES COGENEVA	04-3200030	—	NONE	$519K	—
MIDWEST INSTITUTIONAL TRUST COMPANY	93-1799133	—	NONE	$406K	—
NISA INVESTMENT ADVISORS, LLC	48-1140940	—	NONE	$332K	—
METLIFE INVESTMENT MANAGEMENT	82-2405817	—	NONE	$318K	—
ROBERT W. BAIRD	39-6037917	—	NONE	$285K	—
EARNEST PARTNERS	58-0286669	—	NONE	$241K	—
MERCER HUMAN RESOURCE CONSULTING	—	DALLAS, TX	NONE	$170K	—
THOMPSON SIEGEL & WALMSLEY	54-0854396	—	NONE	$89K	—
HARDMAN JOHNSTON GLOBAL ADVISORS	13-3257590	—	NONE	$83K	—
GENEVA CAPITAL MANAGEMENT LTD	39-1567956	—	NONE	$73K	—
WEATHERBIE CAPITAL LLC	02-0484484	—	NONE	$67K	—
RHUMBLINE	04-3118582	—	NONE	$40K	—

Investments

2,156 direct securities· $1.5B(84% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
STATE STREET US GOVERNMENT BOND INDEX NON-LENDING FUND - CM1E	—	—	$286.2M	$300.8M	16.2%
NHIT: CREDIT ASSET TRUST Shares/par value	—	—	$89.9M	$94.8M	5.1%
FIDELITY INTERNATIONAL INDEX FUND Shares/par value	—	—	$70.4M	$83.5M	4.5%
PIMCO FDS LONG DURATION CORP BD PORTFOLIO #1830	—	—	$76.7M	$64.5M	3.5%
VANGUARD EMERGING MARKETS STOCK INDEX FUND -IS #239	—	—	$50.0M	$52.6M	2.8%
HARDMAN JOHNSTON INTERNATIONAL 1,075,373.12 EQUITY GROUP TRUST	—	—	$41.4M	$45.6M	2.5%
HARLEY DAVIDSON INC COM Shares/par value	—	—	$10.1M	$38.4M	2.1%
GW&K SMID COLLECTIVE INVESTMENT 1,140,011.14 TRUST	—	—	$27.9M	$29.8M	1.6%
NORTHERN TRUST COLLECTIVE EXTENDED 134,661.92 EQUITY MARKET INDEX FUND	—	—	$23.8M	$26.8M	1.4%
GS FIN SQ GOV #465 Shares/par value	—	—	$18.3M	$18.3M	1.0%
APPLE INC COM Shares/par value	—	—	$3.2M	$11.6M	0.6%
NVIDIA CORP COM Shares/par value	—	—	$1.4M	$10.1M	0.5%
MICROSOFT CORP COM Shares/par value	—	—	$3.1M	$9.5M	0.5%
US TREASURY BOND 4.125% DTD 08/15/2023 DUE 08/15/2053	—	—	$9.9M	$9.1M	0.5%
AMAZON.COM INC COM Shares/par value	—	—	$2.1M	$6.3M	0.3%
US TREASURY BOND 4.125% DTD 08/15/2024 DUE 08/15/2044	—	—	$6.6M	$6.1M	0.3%
US TREASURY BOND 4.625% DTD 11/15/2024 DUE 11/15/2044	—	—	$6.3M	$6.0M	0.3%
US TREASURY BOND 4.25% DTD 02/15/2024 DUE 02/15/2054	—	—	$4.8M	$4.7M	0.3%
US TREASURY BOND 4.25% DTD 08/15/2024 DUE 08/15/2054	—	—	$4.6M	$4.2M	0.2%
U S TREAS BD STRIPPED PRIN PMT DUE 02/15/2051	—	—	$4.7M	$4.2M	0.2%
US TREASURY BOND 2.875% DTD 05/15/2022 DUE 05/15/2052	—	—	$5.0M	$4.1M	0.2%
U S TREAS BD STRIPPED PRIN PMT PRIN DUE 08/15/2048	—	—	$4.6M	$4.1M	0.2%
MEMO ENTRY: US DOLLAR DUE FROM 3,923,871.44 BROKER ON FORWARD CONTRACTS	—	—	$3.9M	$3.9M	0.2%
META PLATFORM, INC. Shares/par value	—	—	$1.9M	$3.9M	0.2%
TESLA, INC Shares/par value	—	—	$836K	$3.4M	0.2%
ALPHABET INC CAP STK CL A Shares/par value	—	—	$1.2M	$3.4M	0.2%
US TREASURY BOND ZERO DTD 11/15/2024 DUE 11/15/2054	—	—	$3.6M	$3.3M	0.2%
BROADCOM INC COM Shares/par value	—	—	$683K	$3.3M	0.2%
UNITED STATES TREAS BD STRIPP PRIN DUE 08/15/2052	—	—	$3.4M	$3.3M	0.2%
UNITED STATES TREAS BD STRIPP DUE 11/15/2051	—	—	$5.9M	$3.3M	0.2%
U S TREAS BD STRIPPED PRIN PMT DUE 11/15/2039	—	—	$3.7M	$3.2M	0.2%
U S TREAS BD STRIPPED PRIN PMT PRIN DUE 11/15/2050	—	—	$5.3M	$3.2M	0.2%
AT&T INC SR GLBL 3.50% DTD 03/15/2021 DUE 09/15/2053	—	—	$4.3M	$2.9M	0.2%
COMCAST CORP NEW SR NT 5.50% DTD 05/09/2023 DUE 05/15/2064	—	—	$3.0M	$2.8M	0.2%
ANHEUSER BUSCH COS LLC ANHEU SR GLBL 4.90% DTD 02/01/2019 DUE 02/01/2046	—	—	$3.0M	$2.8M	0.2%
ALPHABET INC CAP STK CL C Shares/par value	—	—	$922K	$2.8M	0.1%
US TREASURY NOTE 4.25% DTD 11/15/2024 DUE 11/15/2034	—	—	$2.8M	$2.7M	0.1%
GS FIN SQ GOV #465 Shares/par value	—	—	$2.5M	$2.5M	0.1%
BAT CAP CORP 4.39% DTD 08/15/2018 DUE 08/15/2037	—	—	$2.8M	$2.5M	0.1%
BERKSHIRE HATHAWAY INC DEL CL B NEW Shares/par value	—	—	$1.0M	$2.5M	0.1%
AT&T INC SR GLBL 3.80% DTD 06/01/2021 DUE 12/01/2057	—	—	$3.5M	$2.3M	0.1%
US TREASURY BOND 2.875% DTD 05/15/2022 DUE 05/15/2052	—	—	$2.5M	$2.3M	0.1%
COMCAST CORP NEW NT 3.999% DTD 10/19/2017 DUE	—	—	$3.0M	$2.3M	0.1%
US TREASURY BOND 3.00% DTD 08/15/2018 DUE 08/15/2048	—	—	$2.3M	$2.3M	0.1%
US TREASURY BOND 3.375% DTD 08/15/2022 DUE 08/15/2042	—	—	$2.4M	$2.2M	0.1%
AT&T INC SR GLBL 3.50% DTD 03/15/2021 DUE 09/15/2053	—	—	$2.8M	$2.2M	0.1%
US TREASURY BOND 1.375% DTD 11/15/2020 DUE 11/15/2040	—	—	$2.3M	$2.2M	0.1%
US TREASURY BOND 4.25% DTD 08/15/2024 DUE 08/15/2054	—	—	$2.1M	$2.0M	0.1%
CVS HEALTH CORP SR NT 5.05% DTD 03/09/2018 DUE 03/25/2048	—	—	$2.3M	$2.0M	0.1%
US TREASURY BOND 2.375% DTD 02/15/2022 DUE 02/15/2042	—	—	$2.1M	$2.0M	0.1%
JPMORGAN CHASE & CO COM Shares/par value	—	—	$720K	$2.0M	0.1%
GS FIN SQ GOV #465 Shares/par value	—	—	$2.0M	$2.0M	0.1%
TIME WARNER CABLE INC NT 6.55% DTD 04/09/2007 DUE 05/01/2037	—	—	$2.4M	$2.0M	0.1%
U S TREAS BD STRIPPED PRIN PMT PRIN DUE 08/15/2048	—	—	$3.8M	$2.0M	0.1%
US TREASURY BOND 3.00% DTD 02/15/2019 DUE 02/15/2049	—	—	$2.0M	$1.9M	0.1%
BANK AMER CORP NT 5.875% DTD 02/07/2012 DUE 02/07/2042	—	—	$2.1M	$1.9M	0.1%
US TREASURY BOND 2.875% DTD 05/15/2022 DUE 05/15/2052	—	—	$2.0M	$1.9M	0.1%
LILLY ELI & CO COM Shares/par value	—	—	$569K	$1.9M	0.1%
U S TREAS BD STRIPPED PRIN PMT DUE 08/15/2050	—	—	$2.5M	$1.8M	<0.1%
SOUTHERN CO SR NT 4.40% DTD 05/24/2016 DUE 07/01/2046	—	—	$2.2M	$1.8M	<0.1%
VERIZON COMMUNICATIONS INC SR GLBL NT 2.987% DTD 04/30/2021 DUE	—	—	$3.0M	$1.8M	<0.1%
US TREASURY BOND 2.375% DTD 05/15/2021 DUE 05/15/2051	—	—	$1.8M	$1.8M	<0.1%
BERKSHIRE HATHAWAY ENERGY CO SR BD 5.95% DTD 05/11/2007 DUE 05/15/2037	—	—	$2.5M	$1.8M	<0.1%
KINDER MORGAN ENERGY PARTNERS L P NT 6.95% DTD 06/21/2007 DUE 01/15/2038	—	—	$2.0M	$1.7M	<0.1%
CITIGROUP INC SR NT 4.65% DTD 07/30/2015 DUE 07/30/2045	—	—	$2.0M	$1.7M	<0.1%
US TREASURY BOND 4.625% DTD 05/15/2024 DUE 05/15/2054	—	—	$1.9M	$1.7M	<0.1%
ENERGY TRANSFER PARTNERS L P 7.50% DTD 03/28/2008 DUE 07/01/2038	—	—	$2.0M	$1.7M	<0.1%
BOEING CO CR SEN SR NT STEP CPN DTD 05/04/2020 DUE	—	—	$1.9M	$1.7M	<0.1%
ORACLE CORP SR NT 4.50% DTD 07/08/2014 DUE 07/08/2044	—	—	$2.1M	$1.7M	<0.1%
CHARTER COMMUNICATIONS OPER SR SEC NT 6.834% DTD 10/23/2016 DUE	—	—	$2.4M	$1.7M	<0.1%
GOVERNMENT NATL MTG ASSN GTD REMIC PASSTHRU SECS SER 2013 17	—	—	$2.1M	$1.6M	<0.1%
ISRAEL ST $GLBL BD 5.75% DTD 03/12/2024 DUE 03/12/2054	—	—	$1.6M	$1.6M	<0.1%
VISA INC COM CL A Shares/par value	—	—	$640K	$1.6M	<0.1%
US TREASURY BOND 3.875% DTD 02/15/2023 DUE 02/15/2043	—	—	$1.7M	$1.6M	<0.1%
AVOLON HLDGS FDG LTD 4.375% DTD 04/16/2019 DUE 05/01/2026	—	—	$1.6M	$1.6M	<0.1%
CITIGROUP INC 8.125% DTD 07/23/2009 DUE 07/15/2039	—	—	$2.0M	$1.6M	<0.1%
ALTRIA GROUP INC SR NT 3.40% DTD 02/04/2021 DUE 02/04/2041	—	—	$1.5M	$1.5M	<0.1%
AMGEN INC SR NT 3.375% DTD 02/21/2020 DUE 02/21/2050	—	—	$2.1M	$1.5M	<0.1%
AT&T INC SR GLBL 3.50% DTD 03/15/2021 DUE 09/15/2053	—	—	$2.2M	$1.5M	<0.1%
HSBC BK USA N A GLOBAL MEDIUM TERM SUB BK NTS TRANCHE # SB 00004 7.00%	—	—	$1.7M	$1.5M	<0.1%
US TREASURY BOND 1.875% DTD 02/15/2021 DUE 02/15/2051	—	—	$1.7M	$1.5M	<0.1%
GOLDMAN SACHS GROUP INC SR NT 6.25% DTD 01/28/2011 DUE 02/01/2041	—	—	$1.6M	$1.5M	<0.1%
MERRILL LYNCH & CO INC SUB NT 7.75% DTD 05/14/2008 DUE 05/14/2038	—	—	$1.6M	$1.5M	<0.1%
RTX CORPORATION NT 4.50% DTD 06/01/2012 DUE 06/01/2042	—	—	$1.8M	$1.4M	<0.1%
UNITEDHEALTH GROUP INC COM Shares/par value	—	—	$1.3M	$1.4M	<0.1%
EXXON MOBIL CORP COM Shares/par value	—	—	$1.1M	$1.4M	<0.1%
U S TREAS BD STRIPPED PRIN PMT DUE 05/15/2048	—	—	$2.0M	$1.4M	<0.1%
NORTHERN NAT GAS CO DEL SR 144A 4.10% DTD 08/27/2012 DUE 09/15/2042	—	—	$1.7M	$1.4M	<0.1%
MORGAN STANLEY FR 6.375% DTD 07/24/2012 DUE 07/24/2042	—	—	$1.4M	$1.4M	<0.1%
UNITEDHEALTH GROUP INC NT 4.75% DTD 07/23/2015 DUE 07/15/2045	—	—	$1.5M	$1.3M	<0.1%
AMAZON COM INC NT 3.95% DTD 04/13/2022 DUE 04/13/2052	—	—	$1.7M	$1.3M	<0.1%
US TREASURY BOND 4.375% DTD 08/15/2023 DUE 08/15/2043	—	—	$1.4M	$1.3M	<0.1%
BROADCOM INC SR GLBL 144A 4.926% DTD 04/18/2022 DUE 05/15/2037	—	—	$1.3M	$1.3M	<0.1%
HSBC BK USA N A GLOBAL MEDIUM TERM SUB BK NTS TRANCHE # SB 00004 7.00%	—	—	$1.7M	$1.3M	<0.1%
SOUTH CAROLINA ELEC & GAS CO BD FIRST MTG 6.05% DTD 01/14/2008 DUE	—	—	$1.7M	$1.3M	<0.1%
UNITEDHEALTH GROUP INC SR NT 2.90% DTD 05/18/2020 DUE 05/15/2050	—	—	$1.7M	$1.3M	<0.1%
MICROSOFT CORP SR GLBL NT 2.675% DTD 06/01/2020 DUE 06/01/2060	—	—	$2.3M	$1.3M	<0.1%
PULTE GROUP INC GTD SR NT 6.00% DTD 02/10/2005 DUE 02/15/2035	—	—	$1.5M	$1.3M	<0.1%
ANHEUSER BUSCH COS LLC ANHEU 4.70% DTD 02/01/2019 DUE 02/01/2036	—	—	$1.3M	$1.3M	<0.1%
MASTERCARD INC CL A Shares/par value	—	—	$436K	$1.3M	<0.1%
BROADCOM INC SR 144A NT 3.75% DTD 01/19/2021 DUE 02/15/2051	—	—	$1.6M	$1.3M	<0.1%
ORACLE CORP SR NT 3.60% DTD 04/01/2020 DUE 04/01/2040	—	—	$1.4M	$1.3M	<0.1%
CHARTER COMMUNICATIONS OPER SR SEC NT 6.484% DTD 10/23/2016 DUE	—	—	$1.2M	$1.3M	<0.1%
PROCTER & GAMBLE CO COM Shares/par value	—	—	$944K	$1.2M	<0.1%
COSTCO WHSL CORP NEW COM Shares/par value	—	—	$368K	$1.2M	<0.1%
U S TREAS BD STRIPPED PRIN PMT DUE 11/15/2046	—	—	$1.5M	$1.2M	<0.1%
WELLS FARGO & CO FR VAR RATE DTD 04/30/2020 DUE	—	—	$1.4M	$1.2M	<0.1%
ANHEUSER BUSCH COS LLC ANHEU SR GLBL 4.90% DTD 02/01/2019 DUE 02/01/2046	—	—	$1.4M	$1.2M	<0.1%
AT&T INC GLBL NT 3.85% DTD 05/28/2020 DUE 06/01/2060	—	—	$1.6M	$1.2M	<0.1%
GOVERNMENT NATL MTG ASSN GTD REMIC PASSTHRU SECS SER 2013 07 CL Z	—	—	$2.1M	$1.2M	<0.1%
US TREASURY BOND 2.375% DTD 02/15/2022 DUE 02/15/2042	—	—	$1.3M	$1.2M	<0.1%
XSTRATA FIN CDA LTD SR NT 144A 6.00% DTD 11/10/2011 DUE 11/15/2041	—	—	$1.3M	$1.2M	<0.1%
US TREASURY BOND 4.75% DTD 11/15/2023 DUE 11/15/2043	—	—	$1.2M	$1.2M	<0.1%
DOMINION ENERGY INC SR GLBL B NT 4.85% DTD 08/19/2022 DUE 08/15/2052	—	—	$1.4M	$1.2M	<0.1%
VERIZON COMMUNICATIONS INC NT 3.40% DTD 03/22/2021 DUE 03/22/2041	—	—	$1.4M	$1.2M	<0.1%
KRAFT HEINZ FOODS CO SR NT 4.375% DTD 05/24/2016 DUE 06/01/2046	—	—	$1.4M	$1.2M	<0.1%
NETFLIX INC COM Shares/par value	—	—	$463K	$1.2M	<0.1%
NEW YORK LIFE INS CO SRPLS NT 144A 6.75% DTD 10/08/2009 DUE 11/15/2039	—	—	$1.4M	$1.2M	<0.1%
BANK AMER CORP SR N VAR RATE DTD 06/19/2020 DUE	—	—	$1.3M	$1.1M	<0.1%
SHELL FIN US INC SR GLBL NT 3.75% DTD 09/12/2024 DUE 09/12/2046	—	—	$1.6M	$1.1M	<0.1%
US TREASURY BOND 3.875% DTD 05/15/2023 DUE 05/15/2043	—	—	$1.1M	$1.1M	<0.1%
WALMART INC. Shares/par value	—	—	$381K	$1.1M	<0.1%
U S TREAS BD STRIPPED PRIN PMT DUE 08/15/2047	—	—	$1.3M	$1.1M	<0.1%
GATX CORP SR NT 5.20% DTD 03/04/2014 DUE 03/15/2044	—	—	$1.3M	$1.1M	<0.1%
LAM RESEARCH CORP SR NT 4.875% DTD 03/04/2019 DUE 03/15/2049	—	—	$1.4M	$1.1M	<0.1%
TENNESSEE VALLEY AUTH GLBL PWR BD A 4.625% DTD 09/15/2010 DUE 09/15/2060	—	—	$1.8M	$1.1M	<0.1%
CROWN CASTLE INTL CORP NEW SR NT 5.20% DTD 02/11/2019 DUE 02/15/2049	—	—	$1.3M	$1.1M	<0.1%
WARNERMEDIA HLDGS INC SR GLBL NT 5.141% DTD 03/15/2023 DUE 03/15/2052	—	—	$1.5M	$1.1M	<0.1%
ENTERPRISE PRODS OPER LLC SR NT 4.90% DTD 05/07/2015 DUE 05/15/2046	—	—	$1.3M	$1.1M	<0.1%
HOME DEPOT INC COM Shares/par value	—	—	$776K	$1.1M	<0.1%
NEW YORK LIFE INS CO SRPLS NT 144A 6.75% DTD 10/08/2009 DUE 11/15/2039	—	—	$1.5M	$1.1M	<0.1%
ORACLE CORP SR NT 4.00% DTD 11/09/2017 DUE 11/15/2047	—	—	$1.4M	$1.1M	<0.1%
JOHNSON & JOHNSON COM Shares/par value	—	—	$938K	$1.1M	<0.1%
CVS HEALTH CORP SR NT 4.78% DTD 03/09/2018 DUE 03/25/2038	—	—	$1.4M	$1.1M	<0.1%
CVS CAREMARK CORPORATION SR NT 5.30% DTD 12/05/2013 DUE 12/05/2043	—	—	$1.6M	$1.1M	<0.1%
AMERICAN TOWER CORP NEW SR GLBL 3.70% DTD 10/03/2019 DUE 10/15/2049	—	—	$1.4M	$1.1M	<0.1%
KRAFT HEINZ FOODS CO SR NT 5.20% DTD 07/02/2015 DUE 07/15/2045	—	—	$1.3M	$1.1M	<0.1%
SUNOCO LOGISTICS PARTNERS SR NT 5.40% DTD 09/21/2017 DUE 10/01/2047	—	—	$1.1M	$1.1M	<0.1%
BURLINGTON NORTHN SANTA FE CP SR DEB 4.95% DTD 08/22/2011 DUE 09/15/2041	—	—	$1.3M	$1.1M	<0.1%
RTX CORPORATION SR NT 4.625% DTD 08/16/2018 DUE 11/16/2048	—	—	$1.5M	$1.1M	<0.1%
CASH COLLATERAL DOM MSF UBS USD Shares/par value	—	—	$1.1M	$1.1M	<0.1%
AT&T INC SR GLBL NT 3.55% DTD 03/15/2021 DUE 09/15/2055	—	—	$1.6M	$1.1M	<0.1%
NATIONWIDE MUT INS CO SRPLS NT 144A 9.375% DTD 08/10/2009 DUE 08/15/2039	—	—	$1.2M	$1.1M	<0.1%
TEACHERS INS & ANNUITY ASSN AM SR SURP 144A 4.27% DTD 05/08/2017 DUE	—	—	$1.3M	$1.0M	<0.1%
MARATHON PETE CORP SR NT 6.50% DTD 09/01/2011 DUE 03/01/2041	—	—	$1.2M	$1.0M	<0.1%
PRUDENTIAL FINL INC MTNS BOOK FR 4.418% DTD 03/27/2018 DUE 03/27/2048	—	—	$1.5M	$1.0M	<0.1%
PFIZER INVT ENTERPRISES SR GLBL 5.30% DTD 05/19/2023 DUE 05/19/2053	—	—	$1.1M	$1.0M	<0.1%
GILEAD SCIENCES INC SR NT 4.50% DTD 11/17/2014 DUE 02/01/2045	—	—	$1.2M	$1.0M	<0.1%
PACIFIC GAS & ELEC CO 1M GLBL 4.50% DTD 07/01/2020 DUE 07/01/2040	—	—	$876K	$1.0M	<0.1%
AVISTA CORP 1M BD 4.35% DTD 05/22/2018 DUE 06/01/2048	—	—	$1.4M	$1.0M	<0.1%
WESTERN & SOUTHERN LIFE INSUR 5.15% DTD 01/23/2019 DUE 01/15/2049	—	—	$1.0M	$1.0M	<0.1%
BRISTOL MYERS SQUIBB CO SR NT 3.70% DTD 03/02/2022 DUE 03/15/2052	—	—	$1.4M	$1.0M	<0.1%
MIDAMERICAN ENERGY CO 1M GLBL BD 4.25% DTD 01/09/2019 DUE 07/15/2049	—	—	$1.5M	$1.0M	<0.1%
PROTECTIVE LIFE CORP SR NT 8.45% DTD 10/09/2009 DUE 10/15/2039	—	—	$1.2M	$1.0M	<0.1%
NATIONAL RURAL UTILS COOP FIN GLBL BD 4.30% DTD 01/31/2019 DUE	—	—	$1.4M	$1.0M	<0.1%
US TREASURY BOND 2.00% DTD 11/15/2021 DUE 11/15/2041	—	—	$1.2M	$1.0M	<0.1%
VERIZON COMMUNICATIONS INC NT 3.55% DTD 03/22/2021 DUE 03/22/2051	—	—	$1.4M	$1.0M	<0.1%
APPLE INC SR GLBL NT 4.65% DTD 02/23/2016 DUE 02/23/2046	—	—	$1.1M	$1.0M	<0.1%
BANK OF AMERICA CORP COM Shares/par value	—	—	$440K	$1.0M	<0.1%
ALLSTATE CORP SR NT 4.20% DTD 12/08/2016 DUE 12/15/2046	—	—	$1.5M	$1.0M	<0.1%
WATERFRONT STA 2 ISSUER LLC 1,000,000.00 MULTIFAMILY TAXABLE MTG BACKED 144A	—	—	$972K	$1.0M	<0.1%
JP MORGAN CHASE BANK NA VAR RATE DTD 11/10/2017 DUE	—	—	$1.1M	$997K	<0.1%
MORGAN STANLEY FR VAR RATE DTD 07/20/2021 DUE	—	—	$1.2M	$994K	<0.1%
GRUMA SAB DE CV SR GLBL 144A 5.761% DTD 12/09/2024 DUE 12/09/2054	—	—	$1.1M	$992K	<0.1%
BGC GROUP INC CR SEN SR GLBL STEP CPN DTD 06/15/2023 DUE	—	—	$1.0M	$991K	<0.1%
SALESFORCE INC Shares/par value	—	—	$644K	$989K	<0.1%
TRINITY ACQUISITION PLC SR NT 6.125% DTD 08/15/2013 DUE 08/15/2043	—	—	$1.1M	$986K	<0.1%
GS FIN SQ GOV #465 Shares/par value	—	—	$984K	$984K	<0.1%
PACIFIC LIFE INS CO 144A NT VAR RATE DTD 10/24/2017 DUE	—	—	$1.2M	$982K	<0.1%
ENGIE SA SR 144A NT 5.875% DTD 04/10/2024 DUE 04/10/2054	—	—	$984K	$979K	<0.1%
AQUA AMERICA INC SR NT 4.276% DTD 04/26/2019 DUE 05/01/2049	—	—	$1.4M	$978K	<0.1%
BAE SYSTEMS PLC SR 144A 5.50% DTD 03/26/2024 DUE 03/26/2054	—	—	$983K	$974K	<0.1%
FEDEX CORP NT 3.875% DTD 07/27/2012 DUE 08/01/2042	—	—	$1.2M	$972K	<0.1%
GLOBAL PMTS INC GLBL NT 5.95% DTD 08/22/2022 DUE 08/15/2052	—	—	$975K	$969K	<0.1%
COMMONWEALTH BANK OF AUSTRALIA SUB GLBL 144A 4.316% DTD 01/10/2018 DUE	—	—	$1.2M	$968K	<0.1%
JP MORGAN CHASE BANK NA SR GLBL NT VAR RATE DTD 01/23/2018 DUE	—	—	$1.4M	$963K	<0.1%
NORFOLK SOUTHERN CORP 3.942% DTD 05/01/2018 DUE 11/01/2047	—	—	$1.2M	$961K	<0.1%
AMGEN INC SR NT 5.75% DTD 03/02/2023 DUE 03/02/2063	—	—	$990K	$959K	<0.1%
PIEDMONT HEALTHCARE INC 2.864% DTD 09/15/2021 DUE 01/01/2052	—	—	$1.0M	$955K	<0.1%
TEXAS ELEC MKT STABILIZATION F EXTND SR SEC 5.167% DTD 06/15/2022 DUE	—	—	$1000K	$954K	<0.1%
PUBLIC STORAGE GLBL NT 5.35% DTD 07/26/2023 DUE 08/01/2053	—	—	$997K	$951K	<0.1%
TEXAS PRIVATE ACTIVITY BD SURF TAXABLE SR LEIN REF BDS 2019 B	—	—	$1.2M	$949K	<0.1%
KENTUCKY UTILS CO 1M GLBL BD 5.125% DTD 05/01/2011 DUE 11/01/2040	—	—	$1.3M	$947K	<0.1%
ORACLE CORP SR NT 3.60% DTD 04/01/2020 DUE 04/01/2050	—	—	$1.1M	$946K	<0.1%
COMMONWEALTH EDISON CO 1M GLBL 124 BD 4.00% DTD 02/20/2018 DUE	—	—	$1.3M	$943K	<0.1%
KROGER CO SR GLBL 5.50% DTD 08/27/2024 DUE 09/15/2054	—	—	$996K	$942K	<0.1%
COMMONSPIRIT HEALTH BD 4.187% DTD 08/21/2019 DUE 10/01/2049	—	—	$1.2M	$939K	<0.1%
AT&T INC SR GLBL 3.80% DTD 06/01/2021 DUE 12/01/2057	—	—	$1.1M	$936K	<0.1%
CANADIAN NAT RES LTD NT 6.50% DTD 08/17/2006 DUE 02/15/2037	—	—	$1.2M	$935K	<0.1%
ENTERPRISE PRODS OPER LLC GTD SR 6.125% DTD 10/05/2009 DUE 10/15/2039	—	—	$1.1M	$933K	<0.1%
TUCSON ELEC PWR CO SR NT 5.50% DTD 02/16/2023 DUE 04/15/2053	—	—	$972K	$930K	<0.1%
GOVERNMENT NATL MTG ASSN GTD REMIC PASSTHRU SECS SER 2013 30	—	—	$1.4M	$929K	<0.1%
UNIVERSITY OF NOTRE DAME BD 3.394% DTD 12/14/2017 DUE 02/15/2048	—	—	$1.2M	$927K	<0.1%
LIBERTY MUT GROUP INC SR 144A 5.50% DTD 06/06/2022 DUE 06/15/2052	—	—	$971K	$922K	<0.1%
REPUBLIC SVCS INC SR NT 6.20% DTD 03/04/2010 DUE 03/01/2040	—	—	$1.1M	$921K	<0.1%
ABBVIE INC COM Shares/par value	—	—	$475K	$919K	<0.1%
METLIFE INC COM 5.875% DTD 08/06/2010 DUE 02/06/2041	—	—	$1.1M	$919K	<0.1%
WELLS FARGO CO MTN FR 4.40% DTD 06/14/2016 DUE 06/14/2046	—	—	$1.2M	$911K	<0.1%
PROLOGIS L P SR NT 5.25% DTD 03/30/2023 DUE 06/15/2053	—	—	$973K	$910K	<0.1%
ANHEUSER BUSCH INBEV WORLDWIDE SR GLBL NT 4.439% DTD 04/06/2017 DUE	—	—	$925K	$908K	<0.1%