Original filing (PDF)20251015142546NAL0006415360001

KAISER FOUNDATION HEALTH PLAN, INC.

Name: KAISER FOUNDATION HEALTH PLAN, INC. — KAISER FOUNDATION HEALTH PLAN, INC. RETIREE HEALTH AND WELFARE PLAN, Form 5500 (2024)
Creator: KAISER FOUNDATION HEALTH PLAN, INC.

Form 5500

FILING_RECEIVED

KAISER FOUNDATION HEALTH PLAN, INC. RETIREE HEALTH AND WELFARE PLAN

Health & welfare plan

Signals · 1

10 service providers

Active participants

Accounts w/ balance

—

Plan assets (EOY)

$5.4B

Net assets (EOY)

$5.3B

How this plan invests

This plan

782 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

100

Participation health

Knocking points off

13 bps in Schedule C fees — 156% above peer band of 5 bps.
No active participants reported but plan still holds assets.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for KAISER FOUNDATION HEALTH PLAN, INC..

Plan sponsor

Name

KAISER FOUNDATION HEALTH PLAN, INC.

EIN

94-1340523

Address

ONE KAISER PLAZA, 20TH FLOOR · 20B · OAKLAND, CA · 94612

Phone

(510) 271-5940

Industry

Health Care & Social Assistancesee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

580

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

Audit & trust (Schedule H)

Auditor

BAKER TILLY US, LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

10 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
TELUS HEALTH	98-0361292	—	NONE	$4.7M	—
STANDARD CRYPTO MANAGEMENT LP	—	SAN FRANCISCO, CA	NONE	$1.2M	—
GREATPOINT INVESTMENT MANAGEMENT	36-4790748	—	NONE	$625K	—
STATE STREET BANK AND TRUST CO.	04-1867445	—	NONE	$150K	—
AON HEWITT INVEST. CONSULTING, INC.	36-3109431	—	NONE	$77K	—
SEYFARTH SHAW LLP	—	CHICAGO, IL	NONE	$62K	—
BAKER TILLY US, LLP	30-1413443	—	NONE	$58K	—
BLACKROCK INSTITUTIONAL TRUST CO.	94-3112180	—	NONE	$48K	—
CARDINAL INVESTMENT ADVISORS, LLC	36-4464580	—	NONE	$22K	—
PRICEWATERHOUSECOOPERS LLP	13-4008324	—	NONE	$10K	—

Investments

657 direct securities· $5.6B(100% of reported assets)

Investment	Type	Shares / units	Cost	Current value	% of plan
RISK PARITY IVZ BALANCED RISK ALLOC. 10 FD MUTUAL FUND MUTUAL FUNDS	—	—	$993.9M	$1.1B	20.2%
KPV MAN TARGETRISK MUTUAL FUNDS	—	—	$931.5M	$1.1B	20.1%
LONG DURATION CORP BD PORTFOLI MUTUAL FUNDS MUTUAL FUNDS	—	—	$955.2M	$999.6M	18.5%
COMMON AND PREFERRED STOCKS BLACKROCK LONG TERM GOVT BD IN MUTUAL FUNDS	—	—	$439.0M	$413.7M	7.7%
SWPC0MWQ7 CDS USD R F 1.00000 1 CCPCDX CREDIT DEFAULT SWAP	—	—	$343.0M	$342.7M	6.4%
US TREASURY N/B 08/44 4.125 GOVERNMENT ISSUES	—	—	$66.3M	$63.5M	1.2%
US TREASURY N/B 11/44 4.625 GOVERNMENT ISSUES	—	—	$48.3M	$46.3M	0.9%
US TREASURY N/B 08/33 3.875 GOVERNMENT ISSUES	—	—	$43.3M	$43.2M	0.8%
US TREASURY N/B 08/54 4.25 GOVERNMENT ISSUES	—	—	$38.5M	$37.0M	0.7%
US TREASURY N/B 11/54 4.5 GOVERNMENT ISSUES	—	—	$30.0M	$29.1M	0.5%
BWU025TX1 IRS USD R V 12MSOFR SWUV25TX3 CCPOIS INTEREST RATE SWAP	—	—	$23.5M	$24.5M	0.5%
ANHEUSER BUSCH CO/INBEV COMPANY GUAR 02/46 4.9 CORPORATE BONDS	—	—	$15.7M	$16.0M	0.3%
US TREASURY N/B 11/34 4.25 GOVERNMENT ISSUES	—	—	$16.3M	$16.0M	0.3%
US TREASURY N/B 02/49 3 GOVERNMENT ISSUES	—	—	$16.2M	$15.6M	0.3%
AT+T INC SR UNSECURED 09/55 3.55 CORPORATE BONDS	—	—	$14.0M	$15.1M	0.3%
CVS HEALTH CORP SR UNSECURED 03/48 5.05 CORPORATE BONDS	—	—	$14.2M	$13.8M	0.3%
US TREASURY N/B 08/54 4.25 GOVERNMENT ISSUES	—	—	$13.9M	$13.8M	0.3%
US TREASURY N/B 02/44 4.5 GOVERNMENT ISSUES	—	—	$13.8M	$13.3M	0.2%
WELLS FARGO BANK NA SUBORDINATED 01/38 6.6 CORPORATE BONDS	—	—	$12.0M	$12.0M	0.2%
STATE OF ISRAEL SR UNSECURED 03/54 5.75 GOVERNMENT ISSUES	—	—	$11.7M	$11.4M	0.2%
VERIZON COMMUNICATIONS SR UNSECURED 11/34 4.4 CORPORATE BONDS	—	—	$10.5M	$11.2M	0.2%
BARRICK NA FINANCE LLC COMPANY GUAR 05/43 5.75 CORPORATE BONDS	—	—	$10.9M	$10.8M	0.2%
BANK OF AMERICA CORP SR UNSECURED 01/35 VAR CORPORATE BONDS	—	—	$10.8M	$10.8M	0.2%
UNITED MEXICAN STATES SR UNSECURED 05/53 6.338 GOVERNMENT ISSUES	—	—	$11.1M	$10.7M	0.2%
AT+T INC SR UNSECURED 06/60 3.85 CORPORATE BONDS	—	—	$10.1M	$10.7M	0.2%
CVS HEALTH CORP SR UNSECURED 03/38 4.78 CORPORATE BONDS	—	—	$10.4M	$10.4M	0.2%
GOLDMAN SACHS CAPITAL I LIMITD GUARA 02/34 6.345 CORPORATE BONDS	—	—	$10.4M	$10.3M	0.2%
SWU027521 IRS BRL R F 11.49576 SWU027521 CCPNDFPREDISWAP INTEREST RATE SWAP	—	—	$12.4M	$10.1M	0.2%
SWPC28AP2 CDS EUR R F 5.00000 FIX ITRAXXTRANCHE CREDIT DEFAULT SWAP	—	—	$10.2M	$10.0M	0.2%
US TREASURY N/B 08/43 4.375 GOVERNMENT ISSUES	—	—	$10.0M	$9.9M	0.2%
CITIGROUP INC SR UNSECURED 07/39 8.125 CORPORATE BONDS	—	—	$9.5M	$9.8M	0.2%
BWU02D668 IRS USD R V 12MSOFR SWUV2D660 CCPOIS INTEREST RATE SWAP	—	—	$9.4M	$9.4M	0.2%
RTX CORP SR UNSECURED 06/42 4.5 CORPORATE BONDS	—	—	$8.9M	$9.2M	0.2%
HSBC BANK USA NA SUBORDINATED 01/39 7 CORPORATE BONDS	—	—	$9.1M	$9.2M	0.2%
SAUDI INTERNATIONAL BOND SR UNSECURED 144A 01/54 5.75 GOVERNMENT ISSUES	—	—	$9.3M	$8.9M	0.2%
CISCO SYSTEMS INC SR UNSECURED 02/54 5.3 CORPORATE BONDS	—	—	$8.8M	$8.6M	0.2%
ENERGY TRANSFER LP SR UNSECURED 03/45 5.15 CORPORATE BONDS	—	—	$7.6M	$8.3M	0.2%
NORTHROP GRUMMAN CORP SR UNSECURED 06/34 4.9 CORPORATE BONDS	—	—	$8.1M	$8.0M	0.1%
TIME WARNER CABLE LLC SR SECURED 07/38 7.3 CORPORATE BONDS	—	—	$7.4M	$7.8M	0.1%
AGENCY BONDS FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE FNMA	—	—	$7.7M	$7.8M	0.1%
PARAMOUNT GLOBAL JR SUBORDINA 03/62 VAR CORPORATE BONDS	—	—	$7.2M	$7.7M	0.1%
CASH EQUIVALENT SSC GOVERNMENT MM GVMXX STIF-TYPE INSTRUMENT	—	—	$7.7M	$7.7M	0.1%
OCCIDENTAL PETROLEUM COR SR UNSECURED 09/36 6.45 CORPORATE BONDS	—	—	$7.3M	$7.5M	0.1%
HESS CORP SR UNSECURED 02/41 5.6 CORPORATE BONDS	—	—	$6.4M	$7.1M	0.1%
UNITED KINGDOM GILT BONDS REGS 07/54 4.375 GOVERNMENT ISSUES	—	—	$7.9M	$7.0M	0.1%
MICROSOFT CORP SR UNSECURED 06/50 2.525 CORPORATE BONDS	—	—	$7.0M	$6.9M	0.1%
ORACLE CORP SR UNSECURED 07/46 4 CORPORATE BONDS	—	—	$6.5M	$6.8M	0.1%
ORACLE CORP SR UNSECURED 04/40 3.6 CORPORATE BONDS	—	—	$6.3M	$6.8M	0.1%
TAKEDA PHARMACEUTICAL SR UNSECURED 07/40 3.025 CORPORATE BONDS	—	—	$6.5M	$6.7M	0.1%
ANHEUSER BUSCH INBEV WOR COMPANY GUAR 10/48 4.439 CORPORATE BONDS	—	—	$6.5M	$6.5M	0.1%
SAUDI ARABIAN OIL CO SR UNSECURED 144A 07/54 5.75 CORPORATE BONDS	—	—	$6.6M	$6.4M	0.1%
US TREASURY N/B 05/49 2.875 GOVERNMENT ISSUES	—	—	$6.7M	$6.3M	0.1%
COMCAST CORP COMPANY GUAR 11/51 2.887 CORPORATE BONDS	—	—	$6.3M	$6.2M	0.1%
ENERGY TRANSFER LP SR UNSECURED 04/47 5.3 CORPORATE BONDS	—	—	$5.8M	$6.1M	0.1%
T MOBILE USA INC COMPANY GUAR 04/50 4.5 CORPORATE BONDS	—	—	$6.1M	$6.0M	0.1%
ABBVIE INC SR UNSECURED 11/49 4.25 CORPORATE BONDS	—	—	$5.9M	$5.9M	0.1%
WARNERMEDIA HOLDINGS INC COMPANY GUAR 03/62 5.391 CORPORATE BONDS	—	—	$6.0M	$5.9M	0.1%
US TREASURY N/B 05/54 4.625 GOVERNMENT ISSUES	—	—	$5.8M	$5.8M	0.1%
AMGEN INC SR UNSECURED 03/53 5.65 CORPORATE BONDS	—	—	$5.6M	$5.7M	0.1%
AT+T INC SR UNSECURED 09/55 3.55 CORPORATE BONDS	—	—	$5.3M	$5.7M	0.1%
COMCAST CORP COMPANY GUAR 11/51 2.887 CORPORATE BONDS	—	—	$5.7M	$5.6M	0.1%
BP CAP MARKETS AMERICA COMPANY GUAR 02/33 4.812 CORPORATE BONDS	—	—	$5.3M	$5.5M	0.1%
CVS HEALTH CORP SR UNSECURED 03/48 5.05 CORPORATE BONDS	—	—	$5.6M	$5.5M	0.1%
AT+T INC SR UNSECURED 09/53 3.5 CORPORATE BONDS	—	—	$4.9M	$5.5M	0.1%
UNITEDHEALTH GROUP INC SR UNSECURED 07/45 4.75 CORPORATE BONDS	—	—	$5.4M	$5.4M	0.1%
ASTRAZENECA PLC SR UNSECURED 09/37 6.45 CORPORATE BONDS	—	—	$5.4M	$5.4M	<0.1%
US TREASURY N/B 11/26 4.625 GOVERNMENT ISSUES	—	—	$5.3M	$5.4M	<0.1%
VERIZON COMMUNICATIONS SR UNSECURED 03/61 3.7 CORPORATE BONDS	—	—	$5.2M	$5.3M	<0.1%
BWU025U43 IRS USD R V 12MSOFR SWUV25U45 CCPOIS INTEREST RATE SWAP	—	—	$4.8M	$5.1M	<0.1%
GOLDMAN SACHS GROUP INC SR UNSECURED 04/39 VAR CORPORATE BONDS	—	—	$4.7M	$5.1M	<0.1%
SCENTRE GROUP TRUST 2 COMPANY GUAR 144A 09/80 VAR CORPORATE BONDS	—	—	$5.0M	$5.0M	<0.1%
ENERGY TRANSFER LP SR UNSECURED 05/50 5 CORPORATE BONDS	—	—	$5.1M	$5.0M	<0.1%
LLOYDS BANKING GROUP PLC SR UNSECURED 11/35 VAR CORPORATE BONDS	—	—	$5.0M	$5.0M	<0.1%
CCBOSZUS6 BOA CCPC COC CCBOSZUS6 BOA CCPC COC NON-SECY ASSET-STOCK	—	—	$4.9M	$4.9M	<0.1%
BROADCOM INC SR UNSECURED 144A 05/37 4.926 CORPORATE BONDS	—	—	$4.4M	$4.9M	<0.1%
BOEING CO SR UNSECURED 02/50 3.75 CORPORATE BONDS	—	—	$5.0M	$4.9M	<0.1%
HESS CORP SR UNSECURED 01/40 6 CORPORATE BONDS	—	—	$4.9M	$4.9M	<0.1%
BANK OF AMERICA CORP SR UNSECURED 07/52 VAR CORPORATE BONDS	—	—	$4.7M	$4.8M	<0.1%
CITIGROUP INC SUBORDINATED 05/46 4.75 CORPORATE BONDS	—	—	$4.4M	$4.8M	<0.1%
KINDER MORGAN INC COMPANY GUAR 06/45 5.55 CORPORATE BONDS	—	—	$4.5M	$4.7M	<0.1%
BERKSHIRE HATHAWAY ENERG SR UNSECURED 01/49 4.45 CORPORATE BONDS	—	—	$4.6M	$4.7M	<0.1%
WARNERMEDIA HOLDINGS INC COMPANY GUAR 03/42 5.05 CORPORATE BONDS	—	—	$4.4M	$4.6M	<0.1%
AMGEN INC SR UNSECURED 05/45 4.4 CORPORATE BONDS	—	—	$4.7M	$4.6M	<0.1%
ENTERPRISE PRODUCTS OPER COMPANY GUAR 02/53 3.3 CORPORATE BONDS	—	—	$4.6M	$4.5M	<0.1%
CHARTER COMM OPT LLC/CAP SR SECURED 10/45 6.484 CORPORATE BONDS	—	—	$4.2M	$4.5M	<0.1%
AMGEN INC SR UNSECURED 06/51 4.663 CORPORATE BONDS	—	—	$4.4M	$4.5M	<0.1%
SWU028YB7 IRS EUR R F 2.50000 SWU028YB7 CCPVANILLA INTEREST RATE SWAP	—	—	$4.7M	$4.4M	<0.1%
MIDAMERICAN ENERGY CO 1ST MORTGAGE 09/54 5.85 CORPORATE BONDS	—	—	$4.4M	$4.4M	<0.1%
KINDER MORGAN INC COMPANY GUAR 06/45 5.55 CORPORATE BONDS	—	—	$4.1M	$4.2M	<0.1%
CHARTER COMM OPT LLC/CAP SR SECURED 04/51 3.7 CORPORATE BONDS	—	—	$4.0M	$4.2M	<0.1%
UNITED MEXICAN STATES SR UNSECURED 01/46 4.6 GOVERNMENT ISSUES	—	—	$4.3M	$4.1M	<0.1%
JPMORGAN CHASE + CO SR UNSECURED 11/31 VAR CORPORATE BONDS	—	—	$3.7M	$4.1M	<0.1%
ORACLE CORP SR UNSECURED 02/53 5.55 CORPORATE BONDS	—	—	$3.9M	$4.1M	<0.1%
JPMORGAN CHASE + CO SR UNSECURED 10/35 VAR CORPORATE BONDS	—	—	$4.1M	$4.0M	<0.1%
CHARTER COMM OPT LLC/CAP SR SECURED 03/50 4.8 CORPORATE BONDS	—	—	$3.8M	$4.0M	<0.1%
HOME DEPOT INC SR UNSECURED 09/51 2.75 CORPORATE BONDS	—	—	$4.0M	$4.0M	<0.1%
BROADCOM INC COMPANY GUAR 144A 02/51 3.75 CORPORATE BONDS	—	—	$3.6M	$3.9M	<0.1%
APPLE INC SR UNSECURED 02/51 2.65 CORPORATE BONDS	—	—	$3.9M	$3.9M	<0.1%
HCA INC COMPANY GUAR 03/52 4.625 CORPORATE BONDS	—	—	$3.9M	$3.9M	<0.1%
UNITEDHEALTH GROUP INC SR UNSECURED 06/48 4.25 CORPORATE BONDS	—	—	$4.0M	$3.8M	<0.1%
BERKSHIRE HATHAWAY ENERG SR UNSECURED 05/51 2.85 CORPORATE BONDS	—	—	$3.6M	$3.8M	<0.1%
BANK OF AMERICA CORP SR UNSECURED 04/42 VAR CORPORATE BONDS	—	—	$3.6M	$3.8M	<0.1%
RTX CORP SR UNSECURED 09/51 2.82 CORPORATE BONDS	—	—	$3.7M	$3.8M	<0.1%
GEORGIA POWER CO SR UNSECURED 03/34 5.25 CORPORATE BONDS	—	—	$3.8M	$3.8M	<0.1%
GILEAD SCIENCES INC SR UNSECURED 11/54 5.5 CORPORATE BONDS	—	—	$4.0M	$3.7M	<0.1%
MORGAN STANLEY SR UNSECURED 01/52 VAR CORPORATE BONDS	—	—	$3.7M	$3.7M	<0.1%
BWU02D2C9 IRS USD R V 12MSOFR SWUV2D2C1 CCPOIS INTEREST RATE SWAP	—	—	$3.7M	$3.7M	<0.1%
NORTHROP GRUMMAN CORP SR UNSECURED 06/54 5.2 CORPORATE BONDS	—	—	$4.0M	$3.7M	<0.1%
MPLX LP SR UNSECURED 04/38 4.5 CORPORATE BONDS	—	—	$3.5M	$3.7M	<0.1%
GREENSAIF PIPELINES BIDC SR SECURED 144A 08/42 6.1027 CORPORATE BONDS	—	—	$3.7M	$3.6M	<0.1%
FIRST QUANTUM MINERALS L COMPANY GUAR 144A 10/27 6.875 CORPORATE BONDS	—	—	$3.6M	$3.6M	<0.1%
ELEVANCE HEALTH INC SR UNSECURED 05/50 3.125 CORPORATE BONDS	—	—	$3.7M	$3.6M	<0.1%
JBS USA HOLD/FOOD/LUX CO COMPANY GUAR 11/53 7.25 CORPORATE BONDS	—	—	$3.3M	$3.6M	<0.1%
SHELL INTERNATIONAL FIN COMPANY GUAR 11/51 3 CORPORATE BONDS	—	—	$3.7M	$3.6M	<0.1%
DUKE ENERGY CORP SR UNSECURED 09/46 3.75 CORPORATE BONDS	—	—	$3.4M	$3.6M	<0.1%
DOMINION ENERGY INC SR UNSECURED 08/52 4.85 CORPORATE BONDS	—	—	$3.3M	$3.6M	<0.1%
T MOBILE USA INC COMPANY GUAR 02/51 3.3 CORPORATE BONDS	—	—	$3.4M	$3.5M	<0.1%
VICI PROPERTIES LP SR UNSECURED 11/31 5.125 CORPORATE BONDS	—	—	$3.6M	$3.5M	<0.1%
PFIZER INC SR UNSECURED 05/50 2.7 CORPORATE BONDS	—	—	$3.7M	$3.5M	<0.1%
FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE FNMA	—	—	$3.5M	$3.5M	<0.1%
BP CAP MARKETS AMERICA COMPANY GUAR 11/50 2.772 CORPORATE BONDS	—	—	$3.6M	$3.5M	<0.1%
ORACLE CORP SR UNSECURED 11/37 3.8 CORPORATE BONDS	—	—	$3.3M	$3.5M	<0.1%
SWPC0N7A8 CDS EUR R F 1.00000 1 CCPCORPORATE CREDIT DEFAULT SWAP	—	—	$3.5M	$3.4M	<0.1%
BERKSHIRE HATHAWAY FIN COMPANY GUAR 03/52 3.85 CORPORATE BONDS	—	—	$3.4M	$3.4M	<0.1%
OCCIDENTAL PETROLEUM COR SR UNSECURED 03/46 6.6 CORPORATE BONDS	—	—	$3.5M	$3.4M	<0.1%
HA SUSTAINABLE INF CAP COMPANY GUAR 144A 07/34 6.375 CORPORATE BONDS	—	—	$3.5M	$3.4M	<0.1%
REPUBLIC OF COLOMBIA SR UNSECURED 11/54 8.375 GOVERNMENT ISSUES	—	—	$3.5M	$3.4M	<0.1%
CHILE ELECTRICITY LUX GOVT GUARANT 144A 10/35 5.58 CORPORATE BONDS	—	—	$3.5M	$3.4M	<0.1%
PACIFIC GAS + ELECTRIC 1ST MORTGAGE 07/40 4.5 CORPORATE BONDS	—	—	$2.9M	$3.3M	<0.1%
SWEPCO STORM RECOVERY FU SR UNSECURED 09/41 4.88 CORPORATE BONDS	—	—	$3.4M	$3.3M	<0.1%
UNITED MEXICAN STATES SR UNSECURED 05/54 6.4 GOVERNMENT ISSUES	—	—	$3.7M	$3.3M	<0.1%
CANADIAN NATL RESOURCES SR UNSECURED 144A 12/34 5.4 CORPORATE BONDS	—	—	$3.4M	$3.3M	<0.1%
SEMPRA SR UNSECURED 02/38 3.8 CORPORATE BONDS	—	—	$3.2M	$3.3M	<0.1%
GOLDMAN SACHS GROUP INC SR UNSECURED 11/45 VAR CORPORATE BONDS	—	—	$3.4M	$3.3M	<0.1%
ARTHUR J GALLAGHER + CO SR UNSECURED 02/55 5.55 CORPORATE BONDS	—	—	$3.4M	$3.3M	<0.1%
ALABAMA POWER CO SR UNSECURED 03/52 3 CORPORATE BONDS	—	—	$3.1M	$3.2M	<0.1%
COMMONWEALTH EDISON CO 1ST MORTGAGE 03/48 4 CORPORATE BONDS	—	—	$3.1M	$3.2M	<0.1%
LOWE S COS INC SR UNSECURED 10/50 3 CORPORATE BONDS	—	—	$3.1M	$3.2M	<0.1%
GILEAD SCIENCES INC SR UNSECURED 02/45 4.5 CORPORATE BONDS	—	—	$3.2M	$3.2M	<0.1%
APPLE INC SR UNSECURED 02/46 4.65 CORPORATE BONDS	—	—	$3.1M	$3.2M	<0.1%
ONEOK INC COMPANY GUAR 11/64 5.85 CORPORATE BONDS	—	—	$3.4M	$3.2M	<0.1%
EXXON MOBIL CORPORATION SR UNSECURED 04/51 3.452 CORPORATE BONDS	—	—	$3.2M	$3.1M	<0.1%
BALTIMORE GAS + ELECTRIC SR UNSECURED 06/53 5.4 CORPORATE BONDS	—	—	$3.1M	$3.1M	<0.1%
SWPC0N7G5 CDS EUR R F 1.00000 1 CCPCORPORATE CREDIT DEFAULT SWAP	—	—	$3.1M	$3.1M	<0.1%
ENTERPRISE PRODUCTS OPER COMPANY GUAR 02/55 5.55 CORPORATE BONDS	—	—	$3.2M	$3.1M	<0.1%
UNITEDHEALTH GROUP INC SR UNSECURED 04/54 5.375 CORPORATE BONDS	—	—	$3.2M	$3.0M	<0.1%
NEXTERA ENERGY CAPITAL COMPANY GUAR 03/34 5.25 CORPORATE BONDS	—	—	$3.1M	$3.0M	<0.1%
SAN DIEGO G + E 1ST MORTGAGE 03/52 3.7 CORPORATE BONDS	—	—	$2.9M	$3.0M	<0.1%
MPLX LP SR UNSECURED 04/48 4.7 CORPORATE BONDS	—	—	$2.8M	$3.0M	<0.1%
WALMART INC SR UNSECURED 09/51 2.65 CORPORATE BONDS	—	—	$3.1M	$3.0M	<0.1%
HEALTH CARE SERVICE CORP SR UNSECURED 144A 06/54 5.875 CORPORATE BONDS	—	—	$3.1M	$3.0M	<0.1%
SWPC0MVJ4 CDS USD R F 1.00000 1 CCPCORPORATE CREDIT DEFAULT SWAP	—	—	$2.9M	$3.0M	<0.1%
MORGAN STANLEY SR UNSECURED 01/35 VAR CORPORATE BONDS	—	—	$3.0M	$3.0M	<0.1%
UNITEDHEALTH GROUP INC SR UNSECURED 08/39 3.5 CORPORATE BONDS	—	—	$3.0M	$3.0M	<0.1%
NORFOLK SOUTHERN CORP SR UNSECURED 05/21 4.1 CORPORATE BONDS	—	—	$2.9M	$3.0M	<0.1%
FARMERS EXCHANGE CAP II SUBORDINATED 144A 11/53 VAR CORPORATE BONDS	—	—	$2.9M	$2.9M	<0.1%
STARBUCKS CORP SR UNSECURED 11/50 3.5 CORPORATE BONDS	—	—	$2.9M	$2.9M	<0.1%
COMCAST CORP COMPANY GUAR 11/56 2.937 CORPORATE BONDS	—	—	$3.0M	$2.9M	<0.1%
7 ELEVEN INC SR UNSECURED 144A 02/41 2.5 CORPORATE BONDS	—	—	$2.9M	$2.9M	<0.1%
TSY INFL IX N/B 02/53 1.5 GOVERNMENT ISSUES	—	—	$3.1M	$2.9M	<0.1%
BARCLAYS PLC SR UNSECURED 09/35 VAR CORPORATE BONDS	—	—	$3.0M	$2.9M	<0.1%
NATIONWIDE MUTUAL INSURA SUBORDINATED 144A 04/50 4.35 CORPORATE BONDS	—	—	$2.7M	$2.9M	<0.1%
MORGAN STANLEY SR UNSECURED 11/55 VAR CORPORATE BONDS	—	—	$2.9M	$2.8M	<0.1%
RTX CORP SR UNSECURED 11/46 3.75 CORPORATE BONDS	—	—	$2.7M	$2.8M	<0.1%
ACCENTURE CAPITAL INC COMPANY GUAR 10/34 4.5 CORPORATE BONDS	—	—	$2.9M	$2.8M	<0.1%
US TREASURY N/B 05/34 4.375 GOVERNMENT ISSUES	—	—	$2.8M	$2.8M	<0.1%
AT+T INC SR UNSECURED 06/41 3.5 CORPORATE BONDS	—	—	$2.5M	$2.8M	<0.1%
VENTURE GLOBAL LNG INC SR SECURED 144A 02/32 9.875 CORPORATE BONDS	—	—	$2.8M	$2.8M	<0.1%
CONSTELLATION EN GEN LLC SR UNSECURED 10/53 6.5 CORPORATE BONDS	—	—	$2.6M	$2.8M	<0.1%
PARAMOUNT GLOBAL JR SUBORDINA 02/57 VAR CORPORATE BONDS	—	—	$2.3M	$2.7M	<0.1%
MORGAN STANLEY SR UNSECURED 04/42 VAR CORPORATE BONDS	—	—	$2.6M	$2.7M	<0.1%
AMERICAN INTL GROUP SR UNSECURED 04/48 4.75 CORPORATE BONDS	—	—	$2.6M	$2.7M	<0.1%
BARRICK INTL BARBADOS COMPANY GUAR 144A 10/36 6.35 CORPORATE BONDS	—	—	$2.6M	$2.7M	<0.1%
BURLINGTN NORTH SANTA FE SR UNSECURED 06/52 2.875 CORPORATE BONDS	—	—	$2.8M	$2.7M	<0.1%
UNITED PARCEL SERVICE SR UNSECURED 03/53 5.05 CORPORATE BONDS	—	—	$2.7M	$2.7M	<0.1%
GOLDMAN SACHS GROUP INC SR UNSECURED 10/45 4.75 CORPORATE BONDS	—	—	$2.6M	$2.7M	<0.1%
PETROLEOS MEXICANOS COMPANY GUAR 01/50 7.69 CORPORATE BONDS	—	—	$2.6M	$2.7M	<0.1%
TAKEDA PHARMACEUTICAL SR UNSECURED 07/44 5.65 CORPORATE BONDS	—	—	$2.7M	$2.6M	<0.1%
CIGNA GROUP/THE COMPANY GUAR 08/38 4.8 CORPORATE BONDS	—	—	$2.7M	$2.6M	<0.1%
APPLE INC SR UNSECURED 02/46 4.65 CORPORATE BONDS	—	—	$2.7M	$2.6M	<0.1%
JOHN DEERE CAPITAL CORP SR UNSECURED 06/34 5.05 CORPORATE BONDS	—	—	$2.6M	$2.6M	<0.1%
NATIONWIDE MUTUAL INSURA SUBORDINATED 144A 08/39 9.375 CORPORATE BONDS	—	—	$2.5M	$2.6M	<0.1%
HOME DEPOT INC SR UNSECURED 04/43 4.2 CORPORATE BONDS	—	—	$2.6M	$2.6M	<0.1%
VIRGINIA ELEC + POWER CO SR UNSECURED 04/53 5.45 CORPORATE BONDS	—	—	$2.4M	$2.6M	<0.1%
ABBVIE INC SR UNSECURED 11/39 4.05 CORPORATE BONDS	—	—	$2.4M	$2.6M	<0.1%
JOHNSON + JOHNSON SR UNSECURED 03/46 3.7 CORPORATE BONDS	—	—	$2.6M	$2.5M	<0.1%
FORD MOTOR COMPANY SR UNSECURED 01/43 4.75 CORPORATE BONDS	—	—	$2.4M	$2.5M	<0.1%
GOLDMAN SACHS GROUP INC SR UNSECURED 02/43 VAR CORPORATE BONDS	—	—	$2.3M	$2.5M	<0.1%
UNITEDHEALTH GROUP INC SR UNSECURED 07/54 5.625 CORPORATE BONDS	—	—	$2.6M	$2.5M	<0.1%
TSY INFL IX N/B 02/54 2.125 GOVERNMENT ISSUES	—	—	$2.7M	$2.5M	<0.1%
INTEL CORP SR UNSECURED 03/50 4.75 CORPORATE BONDS	—	—	$2.7M	$2.5M	<0.1%
ABBVIE INC SR UNSECURED 11/49 4.25 CORPORATE BONDS	—	—	$2.5M	$2.4M	<0.1%
BROADCOM INC COMPANY GUAR 144A 02/41 3.5 CORPORATE BONDS	—	—	$2.2M	$2.4M	<0.1%
BOEING CO SR UNSECURED 05/50 5.805 CORPORATE BONDS	—	—	$2.5M	$2.4M	<0.1%
CSL FINANCE PLC COMPANY GUAR 144A 04/52 4.75 CORPORATE BONDS	—	—	$2.4M	$2.4M	<0.1%
SWPC0N6P6 CDS EUR R F 1.00000 1 CCPCORPORATE CREDIT DEFAULT SWAP	—	—	$2.4M	$2.4M	<0.1%
SUNCOR ENERGY INC SR UNSECURED 05/38 6.8 CORPORATE BONDS	—	—	$2.4M	$2.4M	<0.1%
KROGER CO SR UNSECURED 09/64 5.65 CORPORATE BONDS	—	—	$2.5M	$2.4M	<0.1%
CONOCOPHILLIPS COMPANY GUAR 03/62 4.025 CORPORATE BONDS	—	—	$2.3M	$2.3M	<0.1%
META PLATFORMS INC SR UNSECURED 08/54 5.4 CORPORATE BONDS	—	—	$2.4M	$2.3M	<0.1%

Showing top 200 of 657 investments by value.