aerospace employees’ retirement...

Aerospace Employees’ Retirement Plan Employer ID No.: 95-2102389 Plan No.: 001

Financial Statements as of and for the Years Ended September 30, 2016 and 2015, Supplemental Schedules as of and for the Year Ended September 30, 2016, and Independent Auditors’ Report

AEROSPACE EMPLOYEES’ RETIREMENT PLAN

TABLE OF CONTENTS

Page

INDEPENDENT AUDITORS’ REPORT 1–2

FINANCIAL STATEMENTS: Statements of Net Assets Available for Benefits as of September 30, 2016 and 2015 3 Statements of Changes in Net Assets Available for Benefits for the Years Ended September 30, 2016 and 2015 4 Statements of Accumulated Plan Benefits as of September 30, 2016 and 2015 5 Statements of Changes in Accumulated Plan Benefits for the Years Ended September 30, 2016 and 2015 6 Notes to Financial Statements as of and for the Years Ended September 30, 2016 and 2015 7–14

SUPPLEMENTAL SCHEDULES: 15 Form 5500, Schedule H, Part IV, Line 4i—Schedule of Assets (Held at End of Year) as of September 30, 2016 16–35 Form 5500, Schedule H, Part IV, Line 4j—Schedule of Reportable Transactions for the Year Ended September 30, 2016 36

NOTE: All other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.

Crowe Horwath LLP Independent Member Crowe Horwath International

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INDEPENDENT AUDITOR’S REPORT To the Plan Administrator of the Aerospace Employees’ Retirement Plan Report on the Financial Statements We were engaged to audit the accompanying financial statements of Aerospace Employees' Retirement Plan, which comprise the statement of net assets available for benefits and statement of accumulated plan benefits as of September 30, 2016, and the related statement of changes in net assets available for benefits and statement of changes in accumulated plan benefits for the year then ended, and the related notes to the financial statements. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on conducting the audit in accordance with auditing standards generally accepted in the United States of America. Because of the matter described in the Basis for Disclaimer of Opinion paragraph, however, we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Basis for Disclaimer of Opinion As permitted by 29 CFR 2520.103-8 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, the plan administrator instructed us not to perform, and we did not perform, any auditing procedures with respect to the information summarized in Note 7, which was certified by the Northern Trust Company, except for comparing such information with the related information included in the 2016 financial statements. We have been informed by the plan administrator that the Northern Trust Company holds the Plan's investment assets and executes investment transactions. The plan administrator has obtained certification from the Northern Trust Company as of September 30, 2016 and for the year then ended that the information provided to the plan administrator by the Northern Trust Company is complete and accurate.

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Disclaimer of Opinion Because of the significance of the matter described in the Basis for Disclaimer of Opinion paragraph, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Accordingly, we do not express an opinion on these 2016 financial statements. Other Matters The statement of net assets available for benefits and statement of accumulated plan benefits of Aerospace Employees’ Retirement Plan as of September 30, 2015 and the related statement of changes in net assets available for benefits and statement of changes in accumulated plan benefits for the year then ended were reported on by other auditors whose report dated June 22, 2016, disclaimed an opinion for the same reasons described in the Basis for Disclaimer of Opinion paragraph. The form and content of the information included in those financial statements, other than that derived from information certified by the Northern Trust Company, were audited by them in accordance with auditing standards generally accepted in the United States of America and, in their opinion, were presented in compliance with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental Schedule H, Part IV, Line 4i- Schedule of Assets (Held at End of Year) and Schedule H, Part IV, Line 4j-Schedule of Reportable Transactions as of and for the year ended September 30, 2016 are required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 and are presented for purposes of additional analysis and are not a required part of the financial statements. Because of the significance of the matter described in the Basis for Disclaimer of Opinion paragraph, we do not express an opinion on the supplemental schedules. Report on Form and Content in Compliance with DOL Rules and Regulations The form and content of the information included in the 2016 financial statements and supplemental schedules, other than that derived from the information certified by the Northern Trust Company have been audited by us in accordance with auditing standards generally accepted in the United States of America and, in our opinion, are presented in compliance with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. South Bend, Indiana June 12, 2017

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STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

AS OF SEPTEMBER 30, 2016 AND 2015

(In thousands)

2016 2015

ASSETS: Investments—at fair value (Notes 2, 7, and 8): Short-term investments 46,803$ 43,813$ Common stock 115,835 111,353 Publicly traded mutual funds 356,217 325,750 Corporate bonds 159,371 145,867 Commingled trust funds 1,083,913 1,038,622 Government and agency securities 165,268 143,670 Real estate fund 96,485 91,212

Total investments—at fair value 2,023,892 1,900,287

Receivables: Contributions—employer 37,104 32,576 Contributions—employee 2 2 Interest and dividends (Note 7) 3,550 3,999 Securities sold 836 57,733

Total receivables 41,492 94,310

Total assets 2,065,384 1,994,597

LIABILITIES: Accrued fund managers’ fees 745 427 Securities purchased 2,846 58,169

Total liabilities 3,591 58,596

NET ASSETS AVAILABLE FOR BENEFITS 2,061,793$ 1,936,001$

See notes to financial statements.

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STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015

(In thousands)

2016 2015

INVESTMENT INCOME (LOSS) (Notes 2 and 7): Net appreciation (depreciation) in fair value of investments (Note 7) 179,130$ (74,383)$ Interest and dividends (Note 7) 38,351 45,604 Investment expenses (8,532) (6,642)

Net investment income (loss) 208,949 (35,421)

CONTRIBUTIONS (Notes 4 and 6): Participant contributions 103 156 Employer contributions 55,611 48,365

Total contributions 55,714 48,521

DEDUCTIONS—Benefit payments (Note 2) 138,871 140,499

INCREASE (DECREASE) IN NET ASSETS 125,792 (127,399)

NET ASSETS AVAILABLE FOR BENEFITS: Beginning of year 1,936,001 2,063,400

End of year 2,061,793$ 1,936,001$


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STATEMENTS OF ACCUMULATED PLAN BENEFITS

AS OF SEPTEMBER 30, 2016 AND 2015

(In thousands)

2016 2015

ACTUARIAL PRESENT VALUE OF ACCUMULATED PLAN BENEFITS—Including benefits arising from accumulated optional employee contributions of $16,818 and $18,530 as of September 30, 2016 and 2015, respectively (Note 3): Vested benefits: Participants currently receiving payments 1,309,888$ 1,241,118$ Other participants 868,741 836,570

Total vested benefits 2,178,629 2,077,688

Nonvested benefits 13,140 17,293

TOTAL ACTUARIAL PRESENT VALUE OF ACCUMULATED PLAN BENEFITS 2,191,769$ 2,094,981$


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STATEMENTS OF CHANGES IN ACCUMULATED PLAN BENEFITS

FOR THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015

(In thousands)

2016 2015

ACTUARIAL PRESENT VALUE OF ACCUMULATED PLAN BENEFITS—Beginning of year 2,094,981$ 2,168,748$

INCREASE (DECREASE) DURING THE YEAR ATTRIBUTABLE TO: Benefits accumulated (including changes in variable unit values) 85,756 (93,415) Increase for interest due to the decrease in the discount period 141,383 151,717 Benefits paid (138,871) (140,499) Change in actuarial assumptions 8,520 8,430

Net increase (decrease) 96,788 (73,767)

ACTUARIAL PRESENT VALUE OF ACCUMULATED PLAN BENEFITS—End of year 2,191,769$ 2,094,981$


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NOTES TO FINANCIAL STATEMENTS AS OF AND FOR THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015

1. DESCRIPTION OF THE PLAN

The following brief description of the Aerospace Employees’ Retirement Plan (the “Plan”) is provided for general information purposes only. Participants should refer to the Plan document for a more complete description.

General—The Plan is a defined benefit plan that covers substantially all employees of The Aerospace Corporation (the “Corporation” or “Plan Sponsor”) hired prior to January 1, 1993, or after April 1, 2005. Employees hired between January 1, 1993, and April 1, 2005, had the option to elect to participate in the Plan. The Aerospace Employees’ Retirement Plan Committee (the “Committee”) oversees the administration of the Plan. The Northern Trust Company (the “Trustee”) (see Note 10) serves as the trustee and recordkeeper, and Mercer is the actuary for the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).

Pension Benefits—The Plan provides defined pension benefits based on compensation earned prior to retirement. Generally, a participant’s accrued benefit vests 100% after three years of completed service (five years prior to October 1, 2011). These benefits are accrued and paid in two segments: fixed benefits (specified in dollars) and variable benefits (specified in units), which change in value based on the investment performance of the assets in the Aerospace Employees’ Unified Investment Trust. There are no death benefits payable under this Plan, except as provided through optional employee contributions, participation in the Survivors’ Income Benefit (SIB) Plan (see Note 6), a result of a joint and survivor annuity, or the pre-retirement survivor annuity.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting—The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP).

Valuation of Investments—The Plan’s investments are stated at fair value. Fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 8 for discussion of fair value measurements.

The Plan’s investment policy has been established to provide a total investment return that will, over time, maintain purchasing power parity for the Plan’s variable benefits and keep the Corporation’s funding for the Plan at a reasonable level. During 2016 and 2015, the primary asset classes utilized to attain these objectives were equity securities, debt securities, and real estate, with target allocations of 48%, 48%, and 4%, respectively.

Investments, other than alternative investments, are valued based upon quoted market price (when available), upon values provided by third-party services, or the net asset values reported by the fund managers as of the financial statement dates and recent transaction prices. Alternative investments are recorded at estimated fair value, determined by the Corporation, with the assistance of fund managers or third-party service providers, using methods and significant assumptions the Corporation considers appropriate based on its understanding of the underlying characteristics of the investments. Securities

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and other assets for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued in a manner that is intended to reflect their fair value as determined in accordance with procedures approved by the Committee.

Purchases and sales of securities are recorded on the trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.

Net Appreciation (Depreciation) in Fair Value of Investments—The Plan presents, in the statements of changes in net assets available for benefits, the net appreciation (depreciation) in the fair value of its investments, which consists of the realized gains (losses) and the unrealized appreciation (depreciation) on those investments.

Use of Estimates—The preparation of financial statements in conformity with GAAP requires the Plan’s management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and changes therein; disclosure of contingent assets and liabilities; and the actuarial present value of accumulated plan benefits at the date of the financial statements. Actual results could differ from those estimates.

Risks and Uncertainties—The Plan invests in various investment instruments. Investment securities, in general, are exposed to various risks, such as interest rate risk, credit risk, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.

Plan contributions are made and the actuarial present value of accumulated plan benefits are reported based on certain assumptions pertaining to interest rates, mortality rates and employee demographics, all of which are subject to change. Due to uncertainties inherent in the estimations and assumptions process, it is at least reasonably possible that changes in these estimates and assumptions in the near term would be material to the financial statements.

Payment of Benefits—Benefit payments to participants are recorded upon distribution.

Expenses—Administrative expenses and investment fees of the Plan are either paid by the Corporation or paid by the Plan, as provided in the Plan document.

Subsequent Events—For the year ended September 30, 2016, subsequent events were evaluated by management through June 12, 2017, the date these financial statements were available to be issued.

Recent Accounting Pronouncements—In May 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-07, Fair Value Measurement: Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or its Equivalent), which amends Accounting Standards Codification (ASC) 820, Fair Value Measurement. ASU No. 2015-07 removes the requirement to categorize, within the fair value hierarchy, all investments for which fair value is measured using the net asset value (NAV) per share practical expedient. The amendments also remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the NAV per share practical expedient. Rather, those disclosures are limited to investments for which the entity has elected to measure the fair value using that practical expedient. The amendments are effective for years beginning after December 15, 2016, with early application permitted. Plan management has elected to adopt ASU No. 2015-07 for the year ended September 30, 2016, and applied it retrospectively. The adoption of these standards had no effect on the Plan’s net assets available for benefits or changes therein.

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3. ACTUARIAL PRESENT VALUE OF ACCUMULATED PLAN BENEFITS

Accumulated plan benefits are those future periodic payments, including lump-sum distributions, that are attributable under the Plan’s provisions to the service employees have rendered as of the valuation date. Accumulated plan benefits include benefits expected to be paid to (1) retired or terminated employees or their beneficiaries, (2) beneficiaries of employees who have died, and (3) present employees or their beneficiaries.

The actuarial present value of accumulated plan benefits is determined by an independent actuary, and is that amount, which results from applying actuarial assumptions to adjust the accumulated plan benefits to reflect the time value of money (through discounts for interest) and the probability of payment (by means of decrements, such as for death, withdrawal, or retirement) between the valuation date and the expected date of payment.

The significant actuarial assumptions used in the valuations as of September 30, 2016 and 2015, were as follows:

Interest Discount—6.75%, which reflects the expected rates of return on Plan assets, compounded annually for 2016 and 7.00% for 2015.

Mortality— Mercer Modified White Collar Mortality Table and Projection Scale.

Other—Retirements range from age 55 to age 70. Termination rates vary by age and service.

The foregoing actuarial assumptions are based on the presumption that the Plan will continue. Were the Plan to terminate, different actuarial assumptions and other factors might be applicable in determining the actuarial present value of accumulated plan benefits. Due to uncertainties inherent in the estimations and assumptions process, it is at least reasonably possible that certain changes in these estimates and assumptions could be material to the financial statements.

4. FUNDING POLICY

The Corporation’s funding policy is to make cash contributions to the Plan in amounts as determined by an independent actuary that meet the minimum requirements of ERISA and that may exceed such minimum requirements for cost recoverability, tax, regulatory, or other reasons. The Corporation met the minimum funding requirements of ERISA for the years ended September 30, 2016 and 2015.

5. TAX STATUS

On May 13, 2016, the Internal Revenue Service (IRS) issued a favorable determination letter to the Corporation for the Plan, as amended. The IRS ruled that the Plan is qualified under Section 401(a) of the Internal Revenue Code (IRC) and is exempt from federal income taxes under the provisions of Section 501(a). The Corporation and the Plan’s management believe that the Plan is currently designed and operated in compliance with the applicable requirements of the IRC, and the Plan and the related trust continue to be tax exempt. Therefore, no provision for income taxes has been included in the Plan’s financial statements.

GAAP requires the Plan’s management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by taxing jurisdictions. The Plan’s management has analyzed the tax positions taken by the Plan, and has concluded that as of September 30, 2016 and 2015, there are no

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uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

6. SURVIVORS’ INCOME BENEFITS

In addition to the required preretirement and postretirement spousal death benefits, the Corporation provides an optional SIB feature, which permits voluntary employee contributions for the funding of incidental death benefits to employees’ survivors. Employee contributions for SIB were $103 and $156 (in thousands) in 2016 and 2015, respectively. The actuarially determined SIB liability was $17,944 and $17,646 (in thousands) at September 30, 2016 and 2015, respectively, and it is included in the present value of accumulated plan benefits. This Plan feature is limited to participants who enrolled in SIB prior to September 30, 2005.

Effective January 31, 2015, the SIB feature of the Plan was curtailed with respect to participants in SIB that are not part of a collective bargaining agreement. Those participants who were enrolled in SIB as of January 31, 2015, ceased to be enrolled in SIB as of February 1, 2015. The participants eligible for benefits as of January 31, 2015, or eligible to begin receiving benefits in February 2015, continued to receive benefits as applicable.

7. INFORMATION CERTIFIED BY THE TRUSTEE

The following is a summary of the unaudited information regarding the Plan as of and for the years ended September 30, 2016 and 2015, included in the Plan’s financial statements and supplemental schedules, that was prepared by or derived from information prepared by the Trustee, and furnished to the Plan administrator. The Plan administrator has obtained certifications from the Trustee that such information is complete and accurate (in thousands):

2016 2015

Statements of net assets available for benefits— investments—at fair value: Short-term investments 46,803$ 43,813$ Common stock 115,835 111,353 Publicly traded mutual funds 356,217 325,750 Corporate bonds 159,371 145,867 Commingled trust funds 1,083,913 1,038,622 Government and agency securities 165,268 143,670 Real estate fund 96,485 91,212

Total investments 2,023,892$ 1,900,287$

Interest and dividends receivable 3,550$ 3,999$

Statements of changes in net assets available for benefits: Net appreciation (depreciation) in fair value of investments 179,130$ (74,383)$ Interest and dividends 38,351 45,604

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Supplemental schedules: All investment balances and information included in the supplemental schedule of assets (held at end of year) as of September 30, 2016, and the supplemental schedule of reportable transactions for the year ended September 30, 2016.

Note 8: All investment balances and investment information disclosed in the notes, excluding the classification of investments by level in Note 8.

8. FAIR VALUE OF FINANCIAL INSTRUMENTS

ASC 820 defines fair value, establishes a market-based framework for measuring fair value, and requires disclosures about fair value measurements.

ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The statement requires that assets and liabilities carried at fair value be classified and disclosed using a hierarchy based upon the inputs used to measure the fair value.

The Plan used valuation techniques based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect internal market assumptions. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

The following methods and assumptions were used by management to estimate the fair values of the assets and liabilities in the table below:

Level 1 Fair Value Measurements—Quoted prices for identical instruments in active markets. The fair value of investments is based on market quotes of such investments. Level 1 investments primarily include common stocks and publicly traded mutual funds.

Level 2 Fair Value Measurements—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 2 investments consist primarily of fixed-income securities. The fair values for fixed-income securities are valued using third-party pricing services. These pricing services use, for example, recent broker-dealer quotations or model-based pricing methods that use significant observable inputs, such as relevant yield curves, credit information of the underlying security, prepayment projections, cash flows, and other security characteristics, to determine fair value as of the last trading day of the year.

Level 3 Fair Value Measurements—The Plan does not have any assets or liabilities that are subject to ASC 820 that fall into this category.

Net Asset Values—The fair market values of commingled trust funds, short-term investment funds, and the real estate fund were based on the reported NAV, which the Corporation uses as a practical expedient as of the balance sheet date. No adjustments were made to the NAV provided by the fund managers of the underlying funds for which the NAV was used and none of the investments whose fair value was based upon NAV are expected to be sold at a value materially different from NAV.

Investments in commingled trust funds and short-term investment funds are valued based on the redemption price of the underlying fund assets. Unit values are determined by the financial institution sponsoring such funds by dividing the funds’ net assets at fair value by its units outstanding at the valuation date, commonly referred to as NAV. As of September 30, 2016 and 2015, the fair value of the short-term investments of $46,803 and $39,807 (in thousands), respectively, and the commingled trust

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funds of $1,083,913 and $1,038,622 (in thousands), respectively, were based upon NAV. As of September 30, 2016 and 2015, there were no unfunded commitments, all had daily redemption frequencies, and redemption notice periods of five days or less for the short-term investments and the commingled trust funds, with the exception of one commingled trust fund with a value of approximately $114,416 and $83,300 (in thousands) at September 30, 2016 and 2015, respectively, for which redemptions are made with a 15-day notice period.

The fair value of the real estate fund is based upon the reported NAV. The underlying properties of the real estate fund are estimated based upon third-party appraisals. As of September 30, 2016 and 2015, the fair values of the real estate fund of $96,485 and $91,212 (in thousands), respectively, were based upon NAV. There were no unfunded commitments. Redemptions for the real estate fund may be requested on a full or partial basis each quarter. The redemption request is processed and payment is redeemed generally by the end of the next calendar quarter.

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Items measured at fair value (in thousands) on a recurring basis subject to the disclosure requirements of ASC 820 as of September 30, 2016, are as follows (see Note 7):

Description Level 1 Level 2 Level 3 Total

Common stock 115,835$ - $ - $ 115,835$

Publicly traded mutual funds 356,217 356,217

Corporate bonds 159,371 159,371

Government and agency securities 165,268 165,268

Short-term investments measured at NAV (1)* 46,803

Commingled funds measured at NAV* 1,083,913

Real estate fund measured at NAV* 96,485

Total 472,052$ 324,639$ - $ 2,023,892$

(1) The short-term investments held by the Plan primarily consist of short-term investment funds.

Items measured at fair value (in thousands) on a recurring basis subject to the disclosure requirements of ASC 820 as of September 30, 2015, are as follows (see Note 7):

Description Level 1 Level 2 Level 3 Total

Short-term investments (1) - $ 4,006$ - $ 4,006$

Common stock 110,701 652 111,353

Publicly traded mutual funds 325,750 325,750

Corporate bonds 145,867 145,867

Government and agency securities 143,670 143,670

Short term investments measured at NAV (2)* 39,807

Commingled funds measured at NAV* 1,038,622

Real estate fund measured at NAV* 91,212

Total 436,451$ 294,195$ - $ 1,900,287$

(1) The short-term investments held by the Plan primarily consist of short-term maturity fixed-income securities.

(2) The short-term investments held by the Plan primarily consist of overnight investments and short-term investment funds.

* Investments measured at fair value using NAV per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in the hierarchy tables for such investments are intended to permit reconciliation of the fair value hierarchy to the investments at fair value line item presented in the statements of net assets available for benefits.

9. PLAN TERMINATION

Although it has not expressed any intention to do so, the Corporation has the right under the Plan, in certain circumstances, to discontinue its contributions at any time, and to terminate the Plan subject to

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the provisions set forth in ERISA. In the event the Plan is terminated, the net assets of the Plan will be allocated, as prescribed by ERISA and its related regulations, generally in the following order: (1) participants’ optional contributions, (2) benefits accruing to retirees and their beneficiaries, and (3) benefits accruing to active and vested participants.

Retirement benefits under the Plan are insured to the extent required by law through the Pension Benefit Guaranty Corporation (PBGC). Generally, the PBGC guarantees most vested normal-age retirement benefits, early retirement benefits, and certain disability and survivor’s pensions. However, the PBGC does not guarantee all types of benefits under the Plan and the amount of the benefit protection is subject to certain limitations. Vested benefits under the Plan are guaranteed at the level in effect on the date of the Plan’s termination, subject to a statutory ceiling on the amount of an individual’s monthly benefit.

Whether all participants receive their benefits should the Plan be terminated at some future time will depend on the sufficiency, at that time, of the Plan’s net assets to provide those benefits, the priority of those benefits to be paid, and the level and type of benefits guaranteed by the PBGC at that time. Some benefits may be fully or partially provided for by the then-existing assets and the PBGC guaranty while other benefits may not be provided for at all.

10. EXEMPT PARTY-IN-INTEREST TRANSACTIONS

Certain short-term investments totaling $39,693 and $33,277 (in thousands) and a commingled trust fund totaling $103,790 and $97,184 (in thousands) as of September 30, 2016 and 2015, respectively, were managed by the Trustee. For the short-term investments above, fees paid by the Plan for the investment management services are included as a reduction of the return earned on the funds and were based on customary and reasonable rates for such services.

* * * * * *

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SUPPLEMENTAL SCHEDULES

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Employer ID No.: 95-2102389Plan No.: 001

FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)AS OF SEPTEMBER 30, 2016

Shares/ Historical Current

Security Description CUSIP Par Value Cost Market Value

1ST UN CORP BD STEP UP 08-01-2026 S2664062 190,000 221,587.50$ 246,936.92$ 21ST CENTY FOX 6.15% DUE 02-15-2041 SBVGH573 325,000 376,608.66 412,269.98 21ST CENTY FOX 6.15% DUE 03-01-2037 SBWXSBR8 320,000 360,377.60 402,097.92 21ST CENTY FOX 6.4% DUE 12-15-2035 SBWWYN04 115,000 134,891.55 147,417.24 21ST CENTY FOX 6.65% DUE 11-15-2037 SBWV6C71 415,000 505,068.30 547,145.13 21ST CENTY FOX 7.75% DUE 12-01-2045 SBWXSBT0 420,000 562,362.60 618,943.50 21ST CENTY FOX 7.85% DUE 03-01-2039 SBWXSBS9 300,000 370,977.00 430,932.30 5TH 3RD BK CIN OH 3.85% DUE 03-15-2026 SBYSXRC9 320,000 319,683.20 341,038.08 ABBVIE INC 4.3% DUE 05-14-2036 SBYP8MR7 395,000 404,706.20 409,914.81 ABBVIE INC 4.45% DUE 05-14-2046 SBYP8MQ6 720,000 727,013.15 751,960.80 ABBVIE INC FIXED 4.5% DUE 05-14-2035 SBXDZFY1 840,000 833,419.38 895,201.44 ABBVIE INC FIXED 4.7% DUE 05-14-2045 SBXDZFZ2 110,000 112,587.57 118,445.80 ACE INA HLDGS INC 4.15% DUE 03-13-2043 SB8PNBH3 115,000 113,553.31 128,127.60 ACE INA HLDGS INC 4.35% DUE 11-03-2045 SBYSRKF5 890,000 905,244.60 1,028,728.75 ACTAVIS FDG SCS 4.55% DUE 03-15-2035 SBWDBND7 140,000 135,848.50 148,707.72 ACTAVIS INC 4.625% DUE 10-01-2042 SBFLQBW0 650,000 624,517.98 692,398.20 ACTUANT CORP CL A NEW C00508X203 17,000 429,316.36 395,080.00 ACTUANT CORP CL A NEW C00508X203 5,500 138,896.47 127,820.00 AECOM C00766T100 36,160 997,723.61 1,075,036.80 AECOM C00766T100 14,739 406,677.23 438,190.47 AETNA INC NEW 4.25% DUE 06-15-2036 SBDD8D24 460,000 458,091.00 476,443.16 AETNA INC NEW 4.375% DUE 06-15-2046 SBD203F4 150,000 151,673.61 157,072.05 AGL CAP CORP 4.4% DUE 06-01-2043 SB98CZ49 105,000 104,598.90 113,079.12 AGRIUM INC 6.125% DUE 01-15-2041 SB50L1X7 255,000 298,995.41 306,713.49 AIR LEASE CORP CL A CL A C00912X302 23,005 606,975.38 657,482.90 AIR LEASE CORP CL A CL A C00912X302 7,480 197,345.90 213,778.40 ALABAMA PWR CO 3.75% DUE 03-01-2045 SBWB92Z8 545,000 545,754.70 565,662.59 ALLINA HEALTH SYS 4.805% DUE 11-15-2045 SBYMYN86 220,000 220,000.00 263,490.92 ALLSTATE CORP COM C020002101 20,722 1,251,893.86 1,433,547.96 ALLSTATE CORP COM C020002101 8,382 506,388.11 579,866.76 ALLTEL CORP 7.875% DUE 07-01-2032 S2963543 305,000 434,500.32 416,877.36 ALTRIA GROUP INC 3.875% DUE 09-16-2046 SBD91617 575,000 566,461.25 596,534.33 AMAZON COM INC 4.8% DUE 12-05-2034 SBTC0L18 125,000 130,351.91 146,863.88 AMAZON COM INC 4.95% DUE 12-05-2044 SBTC0KW2 135,000 156,166.65 164,511.81 AMER MOVIL SAB DE CV 6.125% 03-30-2040 SB8C3GC6 350,000 436,457.60 417,363.80 AMERN INTL GROUP 4.375% DUE 01-15-2055 SBVCJNG8 375,000 342,996.35 354,402.00 AMERN INTL GROUP 4.5% DUE 07-16-2044 SBP8G1N4 195,000 183,199.53 198,635.39 AMERN INTL GROUP 4.7% DUE 07-10-2035 SBYMMP95 245,000 243,522.65 265,287.23 AMERN INTL GROUP 6.25% DUE 05-01-2036 SB1CYG08 265,000 332,777.47 326,555.00 AMERN INTL GROUP 6.82% DUE 11-15-2037 SB8BG541 85,000 88,322.69 109,826.80 AMERN INTL GROUP 8.175% DUE 05-15-2068 SB606MS1 330,000 395,279.32 441,622.50 AMGEN INC 4.95% DUE 10-01-2041 C031162BE9 310,000 303,701.02 343,967.32 AMGEN INC 5.15% DUE 11-15-2041 SB76M525 165,000 172,925.15 188,048.19 AMN HEALTHCARE SVCS INC COM C001744101 9,440 146,924.97 300,852.80 AMN HEALTHCARE SVCS INC COM C001744101 3,069 47,766.17 97,809.03

(Continued)




FORM 5500, SCHEDULE H, PART IV, LINE 4i—SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF SEPTEMBER 30, 2016

Shares/ Historical CurrentSecurity Description CUSIP Par Value Cost Market Value

AMSURG CORP COM C03232P405 12,415 838,495.00$ 832,425.75$ AMSURG CORP COM C03232P405 4,035 272,532.39 270,546.75 ANADARKO PETE CO 6.2% DUE 03-15-2040 SB665LR4 345,000 350,139.40 394,583.75 ANADARKO PETE CORP 6.45% DUE 09-15-2036 SB1FGZM6 125,000 122,332.50 146,037.50 ANADARKO PETE CORP ZERO CPN 0% DUE 10-10-2036 SBH86FD6 1,245,000 462,432.20 482,239.55 ANHEUSER BUSCH COS 6.45% DUE 09-01-2037 SBG48QV4 65,000 81,792.75 88,358.66 ANHEUSER BUSCH COS 6.8% DUE 08-20-2032 S2774972 140,000 181,308.40 187,543.30 ANHEUSER-BUSCH 3.65% DUE 02-01-2026 SBYMLCJ1 635,000 679,997.95 681,990.00 ANHEUSER-BUSCH 4.7% DUE 02-01-2036 SBYMLCL3 875,000 918,722.67 1,006,051.38 ANHEUSER-BUSCH 4.9% DUE 02-01-2046 SBYMLGZ5 1,895,000 2,009,141.80 2,254,635.00 ANTHEM INC 4.65% DUE 01-15-2043 SBLSP6D8 415,000 425,606.46 452,746.74 ANTHEM INC 4.65% DUE 08-15-2044 SBR17WN5 135,000 130,181.85 147,255.44 AON PLC 4.45% DUE 05-24-2043 SB9ZT6F1 270,000 268,666.80 280,271.61 AON PLC 4.6% DUE 06-14-2044 SBN40JL0 305,000 303,266.60 322,752.22 APACHE CORP 5.1% DUE 09-01-2040 SB58CQJ3 90,000 95,250.60 93,347.10 APACHE CORP 6% DUE 01-15-2037 SB1P8FN3 215,000 231,082.00 245,294.58 APPLE INC 3.45% DUE 02-09-2045 SBVVCSF2 195,000 184,803.45 186,316.65 APPLE INC 4.45% DUE 05-06-2044 SBM6NVC5 280,000 306,745.25 313,791.52 APPLE INC 4.65% DUE 02-23-2046 SBYN2GF7 525,000 567,225.64 605,811.15 ARIZONA PUB SVC CO 4.5% DUE 04-01-2042 SB546Q33 170,000 168,391.80 195,634.81 ARTISAN PARTNERS ASSET MGMT INC CL A CL A C04316A108 18,420 702,063.24 501,024.00 ARTISAN PARTNERS ASSET MGMT INC CL A CL A C04316A108 5,990 228,316.25 162,928.00 ASCENA RETAIL GROUP INC COM C04351G101 140,160 1,347,292.75 783,494.40 ASCENA RETAIL GROUP INC COM C04351G101 45,305 436,818.43 253,254.95 ASCENSION HLTH 3.945% DUE 11-15-2046 SBYYXY44 120,000 120,000.00 130,959.36 ASCENSION HLTH 4.847% DUE 11-15-2053 SBBMSWS0 105,000 105,000.00 129,722.46 ASIAN DEV BK BD 5.82% DUE 06-16-2028 REG S2274944 198,000 257,461.05 268,343.46 ASTRAZENECA PLC 6.45% DUE 09-15-2037 SB7FFL50 180,000 240,247.80 251,003.34 AT&T CORP USD SR NT VAR RATE DUE 11-15-2031BEO C001957BD0 239,000 329,387.41 353,103.38 AT&T INC 5.35% DUE 09-01-2040 SB4WPQV3 38,000 37,569.48 42,565.85 AT&T INC 6.35% DUE 03-15-2040 SBD8P267 105,000 125,303.85 132,015.87 AT&T INC 6.375% DUE 03-01-2041 SBD8P278 325,000 385,625.50 407,226.95 AT&T WIRELESS SVCS 8.75% DUE 03-01-2031 SBG49413 965,000 1,434,325.30 1,483,081.48 AVALONBAY CMNTYS 3.9% DUE 10-15-2046 SBYW4234 155,000 154,372.25 153,181.08 AVNET INC COM C053807103 34,157 1,250,097.58 1,402,486.42 AVNET INC COM C053807103 13,893 508,854.27 570,446.58 AXIS CAPITAL HOLDINGS LTD COM USD0.0125 CG0692U109 24,706 1,000,210.93 1,342,276.98 AXIS CAPITAL HOLDINGS LTD COM USD0.0125 CG0692U109 9,994 404,602.44 542,974.02 AXIS SPECIALTY FIN 5.15% DUE 04-01-2045 SBKL56D8 40,000 40,532.80 43,129.48 B.C PROV CDA 7.25 BD DUE 09-01-2036 BEO S2108258 215,000 304,601.25 352,731.15 BANK AMER CORP 5% DUE 01-21-2044 SBJ7B592 630,000 673,728.48 741,663.72 BANK AMER CORP 5.875% DUE 02-07-2042 SB8WR844 190,000 235,643.70 247,703.76 BARCLAYS PLC 4.375% DUE 01-12-2026 SBD0SY79 260,000 259,553.81 269,006.14 BARRICK N AMER FIN 5.7% DUE 05-30-2041 SB4TYCN7 105,000 94,678.20 119,483.81 BARRICK PD 5.95% DUE 10-15-2039 SBG48MX8 315,000 267,674.40 359,931.29 BAXALTA INC 5.25% DUE 06-23-2045 SBD4F5R3 390,000 454,839.35 461,395.35

(Continued)







BAY AREA ATH CA TOLL BRDG REV 6.907% 10-01-2050 BEO TXBL SB574M81 110,000 156,377.45$ 176,623.70$ BAY AREA AUTH CA TOLL BRDG REV 7.043% 04-01-2050 BEO TXBL SB3YX4F8 300,000 409,157.30 482,100.00 BAYLOR SCOTT & 4.185% DUE 11-15-2045 SBWX1XR1 240,000 240,000.00 263,303.52 BED BATH & BEYOND 5.165% DUE 08-01-2044 SBP81YD0 450,000 427,503.30 435,105.90 BERKSHIRE HATHAWAY 4.3% DUE 05-15-2043 SB96WCM8 115,000 110,547.20 129,203.77 BERKSHIRE HATHAWAY 4.4% DUE 05-15-2042 SB630666 25,000 24,803.75 28,384.03 BERKSHIRE HATHAWAY 4.5% DUE 02-01-2045 SBVXY748 580,000 594,452.43 648,013.70 BERKSHIRE HATHAWAY 4.5% DUE 02-11-2043 SB819DG8 105,000 107,808.75 121,638.72 BIO RAD LABS INC CL A C090572207 3,358 379,296.66 550,073.98 BIO RAD LABS INC CL A C090572207 1,090 122,967.14 178,552.90 BOEING CO FIXED 3.5% DUE 03-01-2045 SBVZ6WM5 235,000 243,690.30 240,298.78 BORGWARNER INC 4.375% DUE 03-15-2045 SBWC4XV5 500,000 481,894.63 525,519.00 BRTSH CLMBIA PROV CDA BD SER BCUSG-71.2% DUE 04-25-2017 BEO C11070TAA6 50,000 50,176.00 50,096.50 BUCKEYE PARTNERS L 5.85% DUE 11-15-2043 SBGDRY29 325,000 320,388.25 333,617.70 BURL NORTHN SANTA 5.4% DUE 06-01-2041 SB4WWNH9 185,000 200,567.75 236,483.28 BURLINGTON NORTHN SANTA FE LLC 5.15 09-01-2043 SBD00GW4 340,000 363,147.37 422,828.08 BRLNGTN RES FIN 7.2 DUE08-15-2031/08-14-203 BEO S2795036 75,000 103,857.00 97,775.03 CA ST 7.5% 04-01-2034 BEO TXBL SB41WH12 215,000 294,411.93 327,212.80 CA ST 7.6% 11-01-2040 BEO TXBL SB3Y5CW7 525,000 773,493.05 854,206.50 CA ST-BUILD AMR BDS7.35%DUE 11-01-2039 REG TXBL SB5BGSJ6 375,000 526,879.57 574,402.50 CAMPBELL SOUP CO 3.8% DUE 08-02-2042 SB7JN3H6 275,000 249,268.25 275,356.68 CAROLINA PWR & LT 4.1 DUE 05-15-2042 SB88N0G2 565,000 554,992.65 614,079.86 CASH HELD ELSEWHERE AT BLACKROCK C999689268 1 0.52 0.52 CASH HELD ELSEWHERE AT BLACKROCK C999689268 0 0.43 0.43 CATERPILLAR INC 4.75% DUE 05-15-2064 SBMM1RV4 85,000 84,724.60 97,003.62 CATHAY GENERAL BANCORP INC COM C149150104 21,210 614,841.30 652,843.80 CATHAY GENERAL BANCORP INC COM C149150104 6,900 200,043.56 212,382.00 CDN NAT RES LTD 5.85% DUE 02-01-2035 SB04SDS8 135,000 162,105.30 141,704.51 CDN PAC RY CO NEW 6.125% DUE 09-15-2115 SBYMK191 800,000 806,855.25 987,444.80 CELGENE CORP 4.625% DUE 05-15-2044 SBMH4PS1 195,000 199,191.21 205,545.80 CELGENE CORP 5% DUE 08-15-2045 SBYQH7V2 120,000 130,605.95 135,110.04 CELGENE CORP 5.25% DUE 08-15-2043 SBCZM4L3 105,000 114,671.55 118,732.11 CELGENE CORP 5.7% DUE 10-15-2040 SB4P5W67 555,000 642,097.95 657,748.26 CENOVUS ENERGY INC COM C15135U109 85,244 1,185,452.59 1,224,956.28 CENOVUS ENERGY INC COM C15135U109 34,481 479,512.82 495,491.97 CENTERPOINT ENERGY 4.5% DUE 04-01-2044 SBKRW213 145,000 155,898.20 171,961.88 CF BAILLE GIFFORD EAFE CL 3 FD C258994979 8,385,958 86,053,358.51 95,977,284.61 CF BAILLE GIFFORD EAFE CL 3 FD C258994979 2,823,558 28,974,230.29 32,315,623.71 CF BLACKROCK EQUITY INDEX FD C066969CF1 312,914 113,599,911.49 236,784,167.00 CF BLACKROCK EQUITY INDEX FD C066969CF1 214,013 77,694,874.83 161,944,813.79 CF BLACKROCK GOVT/CREDIT BD INDEX FD C6026759S1 125,498 26,044,366.80 47,510,973.83 CF BLACKROCK INT GOVT/CORP BOND INDEX FD C066432CF0 1,723,543 29,718,111.12 57,162,355.09 CF BLACKROCK MONEY MARKET FD C066459CF3 11 10.69 10.69

(Continued)







CF BLACKROCK MONEY MARKET FD C066459CF3 15 15.00$ 15.00$ CF BLACKROCK MONEY MARKET FD C066459CF3 7 7.00 7.00 CF BLACKROCK US DEBT INDEX FUND C066539CF2 368,373 25,000,000.00 25,812,827.90 CF BLACKROCK US TIPS BOND INDEX FUND C445999QA6 2,380,513 39,221,776.24 52,060,872.03 CF INDS INC 4.95% DUE 06-01-2043 SB9XR0S8 350,000 346,271.09 327,683.30 CF MORGAN STANLEY PRIME PROPERTY FUND C99089KRO1 4,483 42,517,809.96 76,715,055.36 CF MORGAN STANLEY PRIME PROPERTY FUND C99089KRO1 1,155 10,957,308.56 19,770,402.59 CF PYRAMIS TACTICAL BOND COMMINGLED POOL FD C314998A96 2,887,922 31,188,430.36 34,019,724.22 CF PYRAMIS TACTICAL BOND COMMINGLED POOL FD C314998A96 6,824,776 73,704,911.59 80,395,862.57 CHEVRON CORP NEW 1.365% DUE 03-02-2018 C166764AV2 45,000 44,828.10 45,079.29 CHICAGO ILL 5.432% 01-01-2042 BEO TAXABLE SBYYWTX5 195,000 178,416.75 177,650.85 CIN FINL CORP 6.92% DUE 05-15-2028 SB07T3M2 290,000 328,118.95 378,942.13 CINGULAR WIRELESS 7.125% DUE 12-15-2031 S2011549 200,000 278,600.00 270,443.20 CITIGROUP INC 4.45% DUE 09-29-2027 SBY7RB31 165,000 166,006.22 172,668.05 CITIGROUP INC 4.65% DUE 07-30-2045 SBYTHPH1 195,000 215,029.15 220,085.00 CITIGROUP INC 4.75% DUE 05-18-2046 SBDGLCL2 470,000 465,730.60 492,877.72 CITIGROUP INC 6.125% DUE 08-25-2036 SB1CDG16 65,000 71,370.00 77,960.94 CITIGROUP INC 6.625 DUE 06-15-2032 BEO SBG48R11 195,000 232,731.16 241,312.11 CITIGROUP INC 8.125% DUE 07-15-2039 SB8G0DX3 260,000 401,466.63 408,754.32 CLEV CLINIC FNDTN 4.858% DUE 01-01-2114 SBYT8J72 120,000 115,587.90 134,890.80 COBB-MARIETTA GA COLISEUM & EXHIBIT HALLAUTH REV 4.5% 01-01-2047 BEO TAXABLE C190760HT8 260,000 260,000.00 281,348.60 COCA-COLA FEMSA S A B DE C V 5.25 DUE 11-26-2043 SBJ4G4H1 170,000 185,164.00 200,719.85 COLTV SHORT TERM INVT FD * C195998AC3 261,881 261,881.25 261,881.25 COLTV SHORT TERM INVT FD * C195998AC3 0 0.36 0.36 COLTV SHORT TERM INVT FD * C195998AC3 3,570,149 3,570,148.64 3,570,148.64 COLTV SHORT TERM INVT FD * C195998AC3 2,583,553 2,583,553.21 2,583,553.21 COLTV SHORT TERM INVT FD * C195998AC3 1 0.86 0.86 COLTV SHORT TERM INVT FD * C195998AC3 8,061,888 8,061,887.84 8,061,887.84 COLTV SHORT TERM INVT FD * C195998AC3 1,687,880 1,687,879.70 1,687,879.70 COLTV SHORT TERM INVT FD * C195998AC3 951,011 951,010.59 951,010.59 COLTV SHORT TERM INVT FD * C195998AC3 1,096,972 1,096,971.92 1,096,971.92 COLTV SHORT TERM INVT FD * C195998AC3 13,388,048 13,388,048.21 13,388,048.21 COLTV SHORT TERM INVT FD * C195998AC3 43,768 43,768.26 43,768.26 COMCAST CORP NEW 3.2% DUE 07-15-2036 SBDFL075 570,000 566,084.10 557,515.86 COMCAST CORP NEW 3.4% DUE 07-15-2046 SBDFFPY9 400,000 396,504.00 388,840.80 COMCAST CORP NEW 4.65% DUE 07-15-2042 SB7TGGL0 180,000 217,726.20 208,008.72 COMCAST CORP NEW 6.4% DUE 05-15-2038 C20030NAX9 5,000 6,466.65 6,956.27 COMCAST CORP NEW 6.45% DUE 03-15-2037 SB108F49 1,020,000 1,227,448.61 1,408,243.62 COMCAST CORP NEW 7.05% DUE 03-15-2033 S2470065 135,000 174,610.35 191,498.04 COMERICA INC COM C200340107 31,702 1,097,868.73 1,500,138.64 COMERICA INC COM C200340107 12,823 444,072.01 606,784.36 CMMWLTH EDSN CO 1ST MTG BD SER 113 3.8 DUE10-01-2042 SB8DXN80 175,000 174,688.50 183,783.78 COMWLTH BK FLTG RT .7831% DUE 09-06-2019 C2027A0HL6 80,000 80,000.00 79,584.80 COMWLTH EDISON CO 4.35% DUE 11-15-2045 SBD60YY6 215,000 213,327.30 245,573.86

(Continued)







COMWLTH EDISON CO 4.6% DUE 08-15-2043 SBCZYK44 210,000 236,892.60$ 246,474.06$ CONS EDISON CO N Y 4.2% DUE 03-15-2042 SB7RDY08 205,000 201,164.45 224,221.42 CONS EDISON CO N Y 4.5% DUE 12-01-2045 SBD60YD5 250,000 249,750.00 287,417.75 CONS EDISON CO N Y 4.625% DUE 12-01-2054 SBSQC9Q4 425,000 423,916.25 486,870.65 CONSTELL ENERGY GP INC 7.6 DUE 04-01-2032 BEO S2014656 280,000 361,382.40 390,927.04 CONTINENTAL BLDG PRODS INC COM C211171103 17,639 376,290.67 370,242.61 CONTINENTAL BLDG PRODS INC COM C211171103 5,145 109,757.31 107,993.55 COOPERATIEVE 3.75% DUE 07-21-2026 C21684AAF3 425,000 423,596.04 425,696.15 COOPERATIEVE 4.375% DUE 08-04-2025 SBYW41H1 340,000 354,139.58 358,793.84 CORELOGIC INC-W/I COM STK C21871D103 14,475 477,440.51 567,709.50 CORELOGIC INC-W/I COM STK C21871D103 4,705 155,188.79 184,530.10 CORNING INC 7.25 DUE 08-15-2036 BEO SBFZDDJ8 125,000 158,557.50 154,943.00 CR SUISSE GROUP 4.55% DUE 04-17-2026 C225433AQ4 355,000 355,415.94 372,744.32 CURA UNIV MO SYS FACS RE 5.792% 11-01-41 BEOTXBL SB54BC18 50,000 61,219.36 71,644.00 CVS CAREMARK CORP 5.3 DUE 12-05-2043 SBH458J4 250,000 290,914.95 309,989.50 CVS HEALTH CORP 5.125% DUE 07-20-2045 SBYPFC45 565,000 668,865.14 691,359.43 DALLAS CNTY HOSP DIST 5.621% 08-15-2044 BEO TXBL SB3ZT723 205,000 247,330.12 274,224.40 DALLAS RAPDTRN SALESTXREV4.922% 12-01-2041 BEO TXBL SB4PBK49 75,000 73,370.25 95,766.00 DALLAS RAPDTRN SALESTXREV5.022% 12-01-2048 BEO TXBL SB44G8J6 145,000 160,094.50 191,001.25 DALLAS RAPDTRN SALES TX REV5.999% 12-01-2044 BEO TXBL SB5ZNLZ0 145,000 193,462.54 210,437.05 DALLAS INDPT SCHDIST TXBL-SCH BLG-C 6.45 DUE 2-15-2035 C235308RA3 165,000 193,076.40 197,137.05 DANA INC COM C235825205 64,543 1,018,829.83 1,006,225.37 DANA INC COM C235825205 26,107 412,106.51 407,008.13 DEN PUB SCHS CTFS PARTN 7.017% 12-15-2037 BEO TXBL C249218AK4 395,000 498,379.20 566,335.20 DEUTSCHE TELEKOM 9.25% DUE 06-01-2032 S2952767 365,000 556,179.70 589,873.22 DIAMONDBACK ENERGY INC COM C25278X109 6,640 372,358.22 641,025.60 DIAMONDBACK ENERGY INC COM C25278X109 2,155 120,848.18 208,043.70 DIEBOLD INC COM C253651103 16,160 403,107.35 400,606.40 DIEBOLD INC COM C253651103 5,260 131,206.34 130,395.40 DIGNITY HEALTH 5.267% DUE 11-01-2064 SBYQ7PN0 135,000 135,000.00 160,899.89 DC INCOME TAX REV 5.582% 12-01-2035 BEO TXBL SB4QBBJ0 115,000 134,723.65 152,442.85 DC WTR&SWRATH PUB UTITXBL LIEN-SER A 4.814 10-01-2114 C254845JZ4 220,000 220,000.00 258,064.40 DOMINION GAS HLDGS 4.6% DUE 12-15-2044 SBT9Z2H9 290,000 288,173.00 312,305.93 DOMINION GAS HLDGS 4.8% DUE 11-01-2043 SBPYPLR9 195,000 218,384.40 215,766.14 DOMINION RES INC 4.7% DUE 12-01-2044 SBSR9GC9 495,000 493,178.40 547,396.74 DOMINION RES INC 5.25% DUE 08-01-2033 S2972884 110,000 118,954.00 124,485.35 DOMTAR CORP 6.25% DUE 09-01-2042 SB84VV12 270,000 268,868.70 286,679.52 DOMTAR CORP 6.75 DUE 02-15-2044 SBGPGP87 180,000 179,494.20 201,646.08 DOVER CORP COM C260003108 22,137 1,488,585.57 1,630,168.68 DOVER CORP COM C260003108 9,652 649,041.34 710,773.28 DR PEPPER SNAPPLE 4.5% DUE 11-15-2045 SBY7RHT9 270,000 269,292.60 306,079.83 DR PEPPER SNAPPLE 7.45% DUE 05-01-2038 SB3L5JT6 350,000 482,206.90 514,493.70 DUKE ENERGY 4.2% DUE 08-15-2045 SBYT32T0 195,000 194,011.35 216,474.57 DUKE ENERGY 4.25% DUE 12-15-2041 SB799H27 385,000 396,330.55 427,708.82 DUKE ENERGY CORP 3.75% DUE 09-01-2046 SBD381P3 225,000 224,874.00 218,199.15 DUKE ENERGY FLA 2.858% DUE 03-01-2033 C26444GAD5 195,000 194,990.25 196,564.29 DUKE ENERGY FLA 3.112% DUE 09-01-2036 C26444GAE3 250,000 249,985.00 253,977.25

(Continued)







EB OPPORTUNISTIC FIXED INCOME FUND C721993VL4 394,121 63,000,000.00$ 61,963,703.62$ EDISON INTL COM C281020107 17,482 1,076,406.70 1,263,074.50 EDISON INTL COM C281020107 7,243 445,968.06 523,306.75 EL PASO NAT GAS CO 8.375% DUE 06-15-2032 S2787237 325,000 412,581.00 404,965.60 EL PASO PIPELN 4.7% DUE 11-01-2042 SB82B6J7 225,000 172,440.00 207,555.53 EL PASO PIPELN 7.5% DUE 11-15-2040 SB3V36S8 85,000 109,013.35 101,065.00 ENABLE MIDSTREAM 3.9% DUE 05-15-2024 SBD8R564 270,000 269,694.90 251,783.10 ENABLE MIDSTREAM 5% DUE 05-15-2044 SBDDVYR5 160,000 160,937.60 136,867.52 ENBRIDGE ENERGY 7.375% DUE 10-15-2045 SBZ2ZMT0 135,000 133,197.75 170,706.15 ENCANA CORP COM NPV C292505104 42,755 148,627.99 447,644.85 ENCANA CORP COM NPV C292505104 13,905 48,337.56 145,585.35 ENCORE CAP GROUP INC COM C292554102 18,915 732,785.27 425,209.20 ENCORE CAP GROUP INC COM C292554102 6,150 238,256.90 138,252.00 ENDURANCE INTL GROUP HLDGS INC COM C29272B105 101,410 1,343,057.33 887,337.50 ENDURANCE INTL GROUP HLDGS INC COM C29272B105 32,980 436,832.83 288,575.00 ENDURANCE SPECIALTY HOLDINGS LTD COM USD1 CG30397106 12,085 774,520.07 790,963.25 ENDURANCE SPECIALTY HOLDINGS LTD COM USD1 CG30397106 3,930 251,884.77 257,218.50 ENERGY TRANSFER 5.95 DUE 10-01-2043 SBDWGZW3 250,000 214,710.00 252,517.75 ENERGY TRANSFER 6.05% DUE 06-01-2041 SB4LTG94 195,000 156,893.10 197,466.17 ENERGY TRANSFER 6.5% DUE 02-01-2042 SB5L3ZK7 160,000 153,580.80 166,892.48 ENERGY TRANSFER FIXED 6.125% DUE 12-15-2045 SBYQ24Q1 320,000 317,441.17 334,218.24 ENTRPRSE PRODS 4.85% DUE 03-15-2044 SB9M5X40 70,000 70,351.79 72,747.57 ENTRPRSE PRODS 5.95% DUE 02-01-2041 SB3P4VB5 425,000 462,570.90 492,274.10 ENTRPRSE PRODS 6.125% DUE 10-15-2039 SB4RMRV6 230,000 248,064.20 263,631.06 ENTRP PROD OPER LLC GTD SR NT 4.85DUE08-15-2042 SB5LM203 215,000 175,728.10 223,327.17 EOG RES INC 4.15% DUE 01-15-2026 SBYV01X6 220,000 219,678.80 240,286.64 EOG RES INC FIXED 3.9% DUE 04-01-2035 SBWCN5Z0 100,000 99,571.00 99,709.10 ERP OPER LTD 4.5% DUE 07-01-2044 SBNH7PZ4 290,000 294,827.57 317,374.84 ESSENT GROUP LTD COM STK CG3198U102 17,369 403,084.47 462,189.09 ESSENT GROUP LTD COM STK CG3198U102 5,347 124,088.47 142,283.67 EVERTEC INC COM C30040P103 59,910 1,198,381.56 1,005,289.80 EVERTEC INC COM C30040P103 19,490 389,859.07 327,042.20 EXELON CORP 4.45% DUE 04-15-2046 SBD073T1 210,000 208,929.00 225,587.88 EXELON CORP 5.625% DUE 06-15-2035 SB0LK7L8 225,000 254,295.00 268,847.55 EXPRESS SCRIPTS 4.8% DUE 07-15-2046 SBD8NZ06 465,000 464,186.25 483,028.52 EXXON MOBIL CORP 4.114% DUE 03-01-2046 SBYYD0G8 210,000 210,726.80 234,736.53 EXXON MOBIL NT FLTG RATE DUE 02-28-2018 REG C30231GAS1 25,000 25,120.75 25,183.30 FED RLTY INVT TR 3.625% DUE 08-01-2046 SBYP6KW2 85,000 83,092.60 83,188.99 FEDEX CORP 4.1% DUE 04-15-2043 SB8HKM13 395,000 380,435.90 408,798.54 FEDEX CORP 4.5% DUE 02-01-2065 SBV91N12 450,000 432,361.80 466,980.30 FEDEX CORP 4.75% DUE 11-15-2045 SBYPJYG3 185,000 183,296.15 211,320.69 FEDEX CORP BOND 5.1 DUE 01-15-2044 SBHZFZM5 85,000 84,856.35 100,990.46 FHLB BD 5.5 07-15-2036 C3133XGAY0 325,000 418,459.82 471,081.65 FHLMC DTD 10/25/2000 6.75 03-15-2031 SB4R3JV3 760,000 1,123,796.80 1,174,400.64 FIDELITY INV. MUTUAL FUND POOL FOR AEROSPACE C000286708 14,158,080 14,158,079.72 16,817,546.00 FLEX LTD FLEX LTD CY2573F102 119,010 935,387.00 1,620,916.20

(Continued)







FLEX LTD FLEX LTD CY2573F102 48,140 378,367.62$ 655,666.80$ FMC TECHNOLOGIES INC COM C30249U101 31,791 863,271.03 943,238.97 FMC TECHNOLOGIES INC COM C30249U101 12,859 349,180.66 381,526.53 FNMA DTD 11/03/2000 6.625 11-15-2030 C31359MGK3 1,475,000 2,136,522.75 2,242,911.55 FNMA TRANCHE 00689 1.875 09-24-2026 SBZ1GVK8 860,000 854,556.20 855,687.10 FORD MTR CO DEL 6.375% DUE 02-01-2029 SB2PJ135 225,000 258,126.75 275,747.18 FORD MTR CO DEL 7.45% DUE 07-16-2031 S2445643 250,000 323,344.42 330,674.00 FORD MTR CO DEL NT 4.75 01-15-2043 SB94Q0Z1 810,000 861,236.05 839,160.00 FORUM ENERGY TECH COM USD0.01 C34984V100 23,920 540,908.76 475,051.20 FORUM ENERGY TECH COM USD0.01 C34984V100 7,780 175,931.03 154,510.80 FRKLN RES INC COM C354613101 32,861 1,348,006.56 1,168,865.77 FRKLN RES INC COM C354613101 13,292 545,257.40 472,796.44 GE CAP INTL FDG CO 4.418% DUE 11-15-2035 SBYNWXZ6 2,456,000 2,430,910.12 2,756,528.44 GEN ELEC CAP CORP MEDIUM TERM NTS BO TRANCHE # TR 00818 6.875 DUE 01-10-2039 SB7XW2Z0 55,000 79,056.45 82,845.02 GENERAL ELEC CAP CORP TRANCHE # TR 005286.75% DUE 03-15-2032/03-20-2002 SBG48W16 435,000 568,221.85 611,328.99 GENERAL ELEC CO 4.125% DUE 10-09-2042 SB7T4807 65,000 63,764.42 71,134.96 GENERAL MTRS CO 5% DUE 04-01-2035 SBTN21T1 100,000 89,066.00 103,495.70 GENERAL MTRS CO 6.25% DUE 10-02-2043 SBP8Y7Q3 710,000 781,164.40 837,970.40 GENERAL MTRS CO 6.6% DUE 04-01-2036 SBYXXXG0 900,000 933,590.85 1,082,863.80 GENPACT LIMITED COM STK USD0.01 CG3922B107 35,635 804,319.69 853,458.25 GENPACT LIMITED COM STK USD0.01 CG3922B107 14,415 325,361.81 345,239.25 GEORGE WASH UNIV 3.545% DUE 09-15-2046 C372546AV3 295,000 295,000.00 289,700.33 GEORGIA PWR CO 4.75% DUE 09-01-2040 SB5YFYT2 120,000 137,545.20 137,442.84 GILEAD SCIENCES 4.15% DUE 03-01-2047 SBYND5R5 235,000 233,315.05 240,191.15 GILEAD SCIENCES 4.5% DUE 02-01-2045 SBSNBJW0 590,000 602,003.10 630,037.99 GILEAD SCIENCES 4.8% DUE 04-01-2044 SBKHDRD3 655,000 674,418.97 730,989.83 GLACIER BANCORP INC NEW COM C37637Q105 15,300 356,184.10 436,356.00 GLACIER BANCORP INC NEW COM C37637Q105 4,970 115,701.64 141,744.40 GNMA 2010-117 REMIC PASSTHRU CL KD 2 06-20-2039 C38377J2S1 29,142 29,388.34 29,332.09 GNMA POOL #710062 4.65% 01-20-2061 BEO C36297EZ32 55,412 61,853.65 57,485.06 GNMA POOL #710070 4.717% 03-20-2061 BEO C36297E2B0 138,419 153,532.39 141,828.55 GNMA POOL #736620 4.5% 07-15-2035 BEO C3620AQK93 32,322 34,281.76 35,863.79 GNMA POOL #745456 4% 08-20-2030 BEO C3620C1E51 17,370 18,548.24 18,828.18 GNMA POOL #759735 4.827% 03-20-2062 BEO C36230UY86 105,046 116,498.13 109,742.40 GNMA RMIC PASSTHRU SER2012-55 CL A 1.704 08-16-2033 C38378BRK7 55,234 55,786.48 55,286.17 GNMA RMIC SER 2010-140 CL AB 2.64 12-16-2037 C38376GXH8 22,250 22,360.77 22,300.58 GNMA RMIC SER 2012-123 CL AD 1.6318 12-16-2051 C38378BQ93 80,515 80,911.27 77,771.61 GNMA RMIC SER 2013-118 CL AD 1.55 06-16-2036 C38378KR43 62,069 61,237.60 61,895.57 GNMAII PL #082980 SER 2041 FLTG RATE DUE11-20-2041 C36225FJ26 23,899 24,795.39 24,624.13 GNMAII PL #694836 SER 2059 5.619% DUE09-20-2059 REG C36296L4V9 32,476 35,977.61 33,214.62 GNMAII PL #795471 5.181 DUE 02-20-2062 REG C36177QCH4 54,965 61,436.97 57,962.99 GNMAII PL #795481 5.4105 DUE 06-20-2062 REG C36177QCT8 24,619 27,014.04 25,004.73 GNMAII PL #798522 SER 2042 4.65 DUE 12-20-2063 BEO C36177TPG6 17,403 19,021.92 18,338.13

(Continued)







GOLDMAN SACHS 6.125% DUE 02-15-2033 SB7M7YX8 585,000 697,613.94$ 737,150.31$ GOLDMAN SACHS 6.25% DUE 02-01-2041 SB920YP3 410,000 537,511.70 536,105.34 GOLDMAN SACHS 6.75% DUE 10-01-2037 SB9CMD63 730,000 912,173.44 929,516.30 GOLDMAN SACHS CAP I 6.345 DUE 02-15-2034 BEO SBG48W61 350,000 387,506.14 426,536.25 GRAINGER W W INC 3.75% DUE 05-15-2046 SBYP8NF2 85,000 88,564.05 87,829.99 GRAINGER W W INC FIXED 4.6% DUE 06-15-2045 SBYZWY62 115,000 136,956.95 134,591.86 GRUPO TELEVISA S A 6.625% DUE 01-15-2040 SBG494S0 140,000 170,508.03 159,745.18 GTE CORP 6.94% DUE 04-15-2028 S2239965 545,000 696,264.75 712,670.89 HAEMONETICS CORP MASS COM C405024100 12,210 444,596.82 442,124.10 HAEMONETICS CORP MASS COM C405024100 3,970 144,557.70 143,753.70 HALLIBURTON CO 4.75% DUE 08-01-2043 SBCR5XW4 145,000 120,368.85 153,059.68 HALLIBURTON CO 5% DUE 11-15-2045 SBYNR4N6 310,000 310,780.02 338,366.86 HANCOCK HLDG CO COM C410120109 25,950 744,565.52 841,558.50 HANCOCK HLDG CO COM C410120109 8,395 240,911.15 272,249.85 HARLEY-DAVIDSON INC 4.625% 07-28-2045 SBYZ7VM2 335,000 345,892.10 365,208.63 HARTFORD FINL SVCS 6.1% DUE 10-01-2041 SBFN0JK4 210,000 222,985.73 255,718.47 HARTFORD FINL SVCS SR NT 6.625 DUE 03-30-2040 SB836JX6 140,000 181,211.30 180,280.24 HASBRO INC 6.35% DUE 03-15-2040 SB66F4L9 205,000 219,551.70 249,879.63 HEALTHSOUTH CORP COM NEW STK C421924309 15,755 527,070.07 639,180.35 HEALTHSOUTH CORP COM NEW STK C421924309 5,127 171,519.40 208,002.39 HESS CORP 4.3% DUE 04-01-2027 SBD7XTG1 435,000 434,086.50 438,386.91 HESS CORP 5.6% DUE 02-15-2041 SB4TV238 255,000 247,852.35 254,174.06 HEWLETT PACKARD CO 6% DUE 09-15-2041 SB6YB851 90,000 105,206.40 92,185.47 HEWLETT PACKARD ENTERPRISE CO COM C42824C109 82,236 1,121,705.98 1,870,869.00 HEWLETT PACKARD ENTERPRISE CO COM C42824C109 33,264 453,723.77 756,756.00 HILTON WORLDWIDE HLDGS INC COM C43300A104 40,444 932,039.20 927,380.92 HILTON WORLDWIDE HLDGS INC COM C43300A104 16,356 376,922.82 375,043.08 HOME DEPOT INC 3.5% DUE 09-15-2056 SBD886H5 175,000 171,669.75 171,016.13 HP INC COM C40434L105 63,350 745,802.37 983,825.50 HP INC COM C40434L105 25,625 301,676.18 397,956.25 HSBC BK USA 5.875 11-01-2034 SBFN0JH1 65,000 67,323.75 78,698.17 HSBC BK USA N A 7 DUE 01-15-2039 SBG48WG1 335,000 394,764.00 453,260.70 HSBC BK USA N A GLOBAL MEDIUM TERM SUB BNT 5.625 DUE 08-15-2035 SBG48WF0 75,000 76,326.00 88,686.15 HUDSON PACIFIC PROPERTIES INC COM C444097109 20,210 501,712.87 664,302.70 HUDSON PACIFIC PROPERTIES INC COM C444097109 6,580 163,348.37 216,284.60 HUMANA INC 4.625 DUE 12-01-2042 SB8VGK80 150,000 146,641.50 157,892.55 HUMANA INC 4.95% DUE 10-01-2044 SBQZJCM9 480,000 479,679.60 532,796.64 HYDRO-QUEBEC 8.5% DEB 1/12/2029 USD1000 8.5% DUE 12-01-2029 REG S2742537 575,000 937,273.00 903,694.15 IDEX CORP COM C45167R104 6,609 317,756.58 618,404.13 IDEX CORP COM C45167R104 2,150 103,370.66 201,175.50 IL ST-PNSN5.1 DU 06-1-2033BEOTXBLSNK FD 06-1-2024 NC S2177258 775,000 715,778.40 745,805.75 IL ST SALES TAX REV 4.62% 06-15-2038 BEO TAXABLE SBKWB8T5 745,000 751,275.10 841,172.05 IL ST TOLL HWY AUTH REV 6.184% 01-01-2034 BEO TXBL SB4QTD76 90,000 114,428.70 120,402.90 IN MICH PWR CO 4.55% DUE 03-15-2046 SBYPJ106 300,000 298,971.00 337,648.50

(Continued)







INDNPLS LOC PUB IMPTBD B 6.116% 01-15-2040BEO TXBL C45528S5S1 135,000 178,452.00$ 188,291.25$ INGERSOLL-RAND 4.65% DUE 11-01-2044 SBRZ2H86 195,000 210,960.75 212,760.80 INGERSOLL-RAND 5.75% DUE 06-15-2043 SBN8T678 180,000 215,213.40 225,253.80 INTEGER HLDGS CORP COM C45826H109 18,260 425,683.44 396,059.40 INTEGER HLDGS CORP COM C45826H109 5,940 138,032.42 128,838.60 INTEGRA LIFESCIENCES HLDG CORP COM DESP C457985208 6,815 258,356.13 562,578.25 INTEGRA LIFESCIENCES HLDG CORP COM DESP C457985208 2,220 84,160.03 183,261.00 INTEL CORP 4.1% DUE 05-19-2046 SBDDQWX2 280,000 278,420.80 299,684.00 INTER-AMERN DEVEL BK BD 4.375 DUE 01-24-2044 BEO C4581X0CE6 80,000 79,234.40 105,647.20 INTERPUBLIC GROUP COMPANIES INC COM C460690100 52,189 670,036.81 1,166,424.15 INTERPUBLIC GROUP COMPANIES INC COM C460690100 21,111 271,036.95 471,830.85 INTL PAPER CO 4.4% DUE 08-15-2047 SBYYGTQ0 375,000 374,621.25 379,225.13 INTL PAPER CO 4.8% DUE 06-15-2044 SBN70J06 105,000 111,041.70 110,829.92 INTL PAPER CO 6 DUE 11-15-2041 SB6ZWB98 155,000 185,713.25 183,280.99 INTL PAPER CO 7.3% DUE 11-15-2039 SB3MDYN8 95,000 126,306.30 125,755.30 INVESCO FIN PLC 5.375% DUE 11-30-2043 SBGJZ1G0 125,000 122,872.50 148,759.38 INVESCO LTD COM STK USD0.20 CG491BT108 38,393 982,013.88 1,200,549.11 INVESCO LTD COM STK USD0.20 CG491BT108 15,532 397,276.57 485,685.64 ISRAEL(STATE OF) AID-ISRAEL 5.5% DUE 09-18-2033 REG C46513EFG2 500,000 643,090.00 703,578.50 J & J SNACK FOODS CORP COM STK NPV C466032109 3,630 144,537.38 432,405.60 J & J SNACK FOODS CORP COM STK NPV C466032109 1,180 46,984.60 140,561.60 JABIL CIRCUIT INC COM C466313103 31,660 512,338.68 690,821.20 JABIL CIRCUIT INC COM C466313103 10,300 166,679.99 224,746.00 JOBSOHIO BEV SYS OH STTWD LIQ PROFITS REV 4.532% 01-01-2035 BEO SB9HL525 180,000 185,560.10 210,141.00 JOHN SEVIER COMB CYCLE 4.626 1-15-42 SB7KGYQ0 445,510 460,181.36 516,145.37 JPMORGAN CHASE & 2.95% DUE 10-01-2026 SBDHBPY5 845,000 844,292.78 847,211.37 JPMORGAN CHASE & 3.2% DUE 06-15-2026 SBYZ2G99 2,880,000 2,898,697.68 2,955,741.12 JPMORGAN CHASE & 5.6% DUE 07-15-2041 SB6QKFT9 165,000 187,192.38 211,234.16 JUNIPER NETWORKS INC 5.95 DUE 03-15-2041 SBG48XP7 165,000 169,562.25 174,032.10 KAR AUCTION SVCS INC COM STK C48238T109 25,010 553,357.63 1,079,431.60 KAR AUCTION SVCS INC COM STK C48238T109 8,135 179,990.58 351,106.60 KATE SPADE & COMPANY COM C485865109 32,150 528,478.73 550,729.50 KATE SPADE & COMPANY COM C485865109 10,460 171,943.90 179,179.80 KBR INC COM C48242W106 90,762 1,858,080.87 1,373,229.06 KBR INC COM C48242W106 36,713 751,589.02 555,467.69 KEYCORP NEW COM C493267108 108,455 1,047,594.48 1,319,897.35 KEYCORP NEW COM C493267108 43,870 423,751.51 533,897.90 KIRBY CORP COM C497266106 15,460 825,331.03 960,993.60 KIRBY CORP COM C497266106 5,030 268,504.75 312,664.80 KNIGHT TRANSN INC COM C499064103 19,600 525,747.12 562,324.00 KNIGHT TRANSN INC COM C499064103 6,375 171,001.93 182,898.75 KORN / FERRY INTL COM NEW C500643200 31,765 660,954.57 667,065.00 KORN / FERRY INTL COM NEW C500643200 10,280 213,806.01 215,880.00 KRAFT FOODS GROUP 5% DUE 06-04-2042 SB8Y96M2 240,000 265,097.35 275,756.64 KRAFT HEINZ FOODS 4.375% DUE 06-01-2046 C50077LAB2 1,265,000 1,297,472.95 1,338,402.89

(Continued)







LADDER CAP CORP CL A CL A C505743104 25,225 421,846.43$ 333,979.00$ LADDER CAP CORP CL A CL A C505743104 8,200 137,131.45 108,568.00 LAMAR ADVERTISING CO NEW CL A CL A C512816109 21,609 1,155,791.71 1,411,283.79 LAMAR ADVERTISING CO NEW CL A CL A C512816109 8,741 467,526.28 570,874.71 LANDSTAR SYS INC COM C515098101 9,100 517,787.55 619,528.00 LANDSTAR SYS INC COM C515098101 2,955 168,138.71 201,176.40 LEGG MASON INC 4.75% DUE 03-15-2026 SBYSVN69 145,000 144,933.30 156,671.63 LEGG MASON INC 5.625 DUE 01-15-2044 REG SBJ4H805 265,000 268,573.40 275,054.63 LINCOLN NATL CORP 6.15 DUE 04-07-2036 BEO SB12B2J0 55,000 63,522.25 64,834.33 LOCKHEED MARTIN 3.8% DUE 03-01-2045 SBVYPPC4 130,000 128,870.30 132,504.19 LOCKHEED MARTIN NT SER B STEP UP 06-01-2040 SB3TZ8G8 180,000 214,167.60 232,424.28 LA CA UNISCH DIST 5.75% 07-01-2034 BEO TXBL SB513PH4 840,000 998,442.97 1,119,073.20 LA CAUNISCH DIST 5.755% 7-1-2029 BEO TXBL SB7WBM14 315,000 347,722.20 405,001.80 LA CA UNISCHDIST6.758%DUE 07-01-2034BEOTXBL SB63L7C2 85,000 112,829.00 123,399.60 LOWES COS INC 3.7% DUE 04-15-2046 SBD0SCD1 175,000 175,157.50 180,806.33 MA ELEC CO 5.9% DUE 11-15-2039 SB59HGR5 360,000 435,525.20 455,487.12 MA INST TECH 3.885% DUE 07-01-2116 SBZB26Q7 180,000 180,000.00 179,227.98 MA INST TECH 4.678% DUE 07-01-2114 SBM7SF38 120,000 120,000.00 141,042.24 MACYS RETAIL HLDGS 5.125% DUE 01-15-2042 SB7KGR83 230,000 216,867.00 216,526.14 MARATHON PETE CORP 4.75% DUE 09-15-2044 SBQQCCJ4 190,000 182,291.60 170,111.18 MARATHON PETE CORP 5.85% DUE 12-15-2045 SBZ02G68 215,000 214,456.05 218,413.99 MARATHON PETE CORP 6.5% DUE 03-01-2041 SB6W1ZC9 540,000 611,573.15 590,407.38 MARSH & MCLENNAN COS INC 5.875 8/1/33 S2928456 70,000 81,932.90 89,054.70 MAYO CLINIC 4.128% DUE 11-15-2052 SBYQHVB0 140,000 140,000.00 158,046.98 MCDONALD'S CORP 3.625 DUE 05-01-2043 SB831BL3 200,000 166,016.00 195,864.40 MCDONALDS CORP 4.7% DUE 12-09-2035 SBYWKWC1 310,000 336,960.70 351,092.05 MCDONALDS MED TERM NTS 3.7 DUE 02-15-2042 SB6T0R90 355,000 335,839.35 351,838.02 MCDONALDS CORP MEDIUM TERM NTS BOOK ENTRTRANCHE # TR 00104 5.7 01 FEB 2039 SB3L2856 180,000 224,965.80 225,704.16 MEDTRONIC INC 4.375% DUE 03-15-2035 SBYMLDT8 596,000 606,510.82 675,376.47 MEM 4.2% DUE 07-01-2055 SBVFB1T0 95,000 106,017.15 106,261.02 MEMORIAL SLOAN-KETTERING 5 7-1-2042 SB7DX7R0 205,000 206,164.88 257,913.58 MERRILL LYNCH & CO 7.75% DUE 05-14-2038 SBBMT8T6 135,000 193,567.20 195,735.29 METHANEX CORP 5.65% DUE 12-01-2044 C59151KAJ7 295,000 293,091.35 255,474.43 METLIFE INC 4.05% DUE 03-01-2045 SBW9JZD9 75,000 67,189.50 74,394.00 METLIFE INC 4.875% DUE 11-13-2043 SBGDXK74 265,000 268,471.10 293,576.54 METLIFE INC 5.875% DUE 02-06-2041 SB4Z51H1 155,000 193,817.80 191,957.27 METLIFE INC 6.375% DUE 06-15-2034 SB019VJ1 265,000 333,984.80 339,717.55 METLIFE INC 6.4% DUE 12-15-2066 SB1L8RP3 465,000 481,016.89 514,696.88 METLIFE INC FLTG RT 10.75% DUE 08-01-2039 SB3Q5R19 115,000 174,205.00 184,299.00 METLIFE INC STEP CPN 4.721% DUE 12-15-2044 SBRF1CN3 370,000 376,922.42 400,840.61 METRO TRAN ATH N Y REV 5.871% 11-15-2039 BEO TXBL SB4ZM5B4 245,000 264,124.70 320,063.10 METRO TRAN ATH NY REV 6.668% 11-15-2039 BEO TXBL SB5NGB40 85,000 99,169.50 122,007.30 MFB NT COLLECT EXTEND EQUITY MARKETINDEX FUND * C001936CF8 35,978 18,396,984.90 20,094,207.98 MFB NT COLLECTEXTEND EQUITY MARKETINDEX FUND * C001936CF8 149,854 76,626,547.59 83,695,768.24 MFO DFA INVT DIM GP EMERG MKTS CORE EQTY PORT C233203421 4,522,477 93,027,253.14 83,123,129.09

(Continued)







MFODFAINVTDIMGP INC EMRMKTCRE PRT C233203421 701,329 14,426,330.78$ 12,890,434.92$ MFO DODGE & COX INTL STK FD C256206103 2,184,434 79,711,952.44 83,467,241.48 MFO DODGE & COX INTL STK FD C256206103 827,674 30,202,548.45 31,625,412.84 MFO PIMCO AST BACKED SEC PORTFOLIO FD #460 C72200Q109 1,276,536 15,137,123.08 16,033,294.79 MFO PIMCO FDS PAC INVTMGT SER INTL PORTF INSTL CL C722005857 2,262,908 21,476,334.23 17,424,389.98 MFO PIMCO FDS PAC INVTMGT SER INVT GRADE CORP PORTFOLIO INSTL CL C722005873 3,686,314 37,708,945.24 36,310,196.24 MFO PIMCO FDS PAC INVT MGT SER PVT ACCTPORTF SER MUN SECTOR C722005824 343,858 2,789,725.88 2,623,639.82 MFO PIMCO FDS PAC INVT MGT SER REAL RETURN BD PORTFOLIO INSTL CL FD#488 C722005832 2,970,080 28,299,757.22 28,126,654.00 MFO PIMCO FDS PAC INVT MGT SER U S GOVTSECTOR PORTFOLIO INSTL CL C722005600 5,674,561 52,944,188.76 52,546,430.78 MFO PIMCO FDS PAPS EMERG MKTS PORTF INSTL CL C722005840 1,455,409 14,254,431.70 14,132,020.90 MFO PIMCO HI YIELD PORTFOLIO FD #477 C722005865 1,474,212 11,085,796.80 11,380,917.87 MFO PIMCO PAPS MORTGAGE PORTFOLIO INSTL CL C722005808 3,891,005 42,625,197.51 43,890,535.83 MFO PIMCO SHORT TERM FLOATING NAV PORT C72201P613 710,251 7,107,290.72 7,110,320.45 MICROSOFT CORP 3.5% DUE 11-15-2042 C594918AR5 115,000 113,630.35 112,726.45 MICROSOFT CORP 3.7% DUE 08-08-2046 C594918BT0 1,105,000 1,117,007.68 1,118,464.43 MICROSOFT CORP 3.95% DUE 08-08-2056 C594918BU7 105,000 106,859.55 106,378.02 MICROSOFT CORP 4% DUE 02-12-2055 SBVWXT51 1,185,000 1,166,130.66 1,212,582.06 MICROSOFT CORP 4.75% DUE 11-03-2055 SBYV2S08 70,000 70,099.87 80,855.67 MIDAMERICAN ENERGY 5.95% DUE 05-15-2037 SB2374T8 700,000 835,884.00 906,684.10 MIDAMERICAN ENERGY 6.125% DUE 04-01-2036 SB1FTHZ2 100,000 121,558.00 132,824.10 MIDAMERICAN ENERGY 6.75% DUE 12-30-2031 SB06LL58 150,000 199,560.00 210,527.70 MIDAMERICAN ENERGY 8.48% DUE 09-15-2028 S2293433 450,000 630,697.50 692,944.20 MO HLTH&EDLATH EDFACS RV3.651%1-15-204 BEOTXBL SBDGNRD5 235,000 235,000.00 262,675.95 MOLSON COORS 4.2% DUE 07-15-2046 SBYT4Q46 590,000 601,704.30 614,745.19 MONSANTO CO NEW 4.4% DUE 07-15-2044 SBP4W589 140,000 140,193.20 145,004.30 MONSANTO CO NEW 4.7% DUE 07-15-2064 SBP4W578 790,000 734,356.09 754,458.69 MORGAN STANLEY 4.3% DUE 01-27-2045 SBVRZ811 105,000 108,911.25 112,395.68 MORGAN STANLEY 6.375% DUE 07-24-2042 SB98G6S2 375,000 499,770.64 510,971.25 MORGAN STANLEY 7.25% DUE 04-01-2032 SB4021X3 145,000 189,546.78 201,173.58 MOSAIC CO NEW 4.875% DUE 11-15-2041 SB74WKS8 75,000 73,879.50 74,670.83 MURPHY OIL CORP COM C626717102 35,359 1,463,112.41 1,074,913.60 MURPHY OIL CORP COM C626717102 15,057 623,040.35 457,732.80 N SHORE LONG IS 6.15% DUE 11-01-2043 SBDT7XZ8 225,000 224,376.75 306,689.85 NBCUNIVERSAL MEDIA 6.4% DUE 04-30-2040 SB555Z76 265,000 336,297.15 370,887.91 NEVADA PWR CO 6.65% DUE 04-01-2036 SB1G2SS0 200,000 261,118.67 279,063.60 NEWJERSYST TPKATH TPK REV7.102% 1-1-2041 BEO TXBL SB4WN3T4 605,000 805,356.26 922,491.90 NEW YORK & 4.063% DUE 08-01-2056 SBD8PHQ2 160,000 159,993.60 172,441.92 NEW YORK & 4.763% DUE 08-01-2116 SBD8PHR3 380,000 379,977.20 410,731.36 NEW YORK N Y 6.246% 06-01-2035 BEO TXBL C64966HYX2 150,000 175,428.00 173,169.00 NY CITY TRANS FIN ATH REV 5.508% 08-01-2037 BEO TXBL SB4XCYP3 580,000 687,276.80 763,193.00 NY CITY TRAN FIN ATH REV 5.572% 11-01-2038 BEO TXBL SB56SPB8 240,000 290,268.40 316,173.60

(Continued)







NY SER D-1-BUILD AMER BDS 5.985% DUE 12-01-2036 REG TXBL SB546YZ1 170,000 201,303.20$ 227,390.30$ NY ST DRM ATH ST PERS INC TAXREV 5.6% 03-15-2040 BEO TXBL SB5999C7 85,000 94,661.95 114,962.50 NY ST DORM ATH ST PERS INC TAXREV 5.628%E 03-15-2039 BEO TAXABL SB42KVY6 720,000 828,134.60 956,340.00 NY ST URBAN DEV CRP REV 5.77% 03-15-2039 BEO TAXABLE SB40VJC5 105,000 116,217.15 135,525.60 NY ST URBAN DEV CORP REV 5.838% 03-15-2040 BEO TXBL SB4XJZV7 160,000 202,192.80 210,625.60 NEWELL BRANDS INC 5.375% DUE 04-01-2036 SBD3J3G1 195,000 207,379.75 228,863.31 NEWELL BRANDS INC 5.5% DUE 04-01-2046 SBD3J3M7 920,000 1,005,955.50 1,116,053.84 NEWMONT MNG CORP 4.875 DUE 03-15-2042 REG SB7J8X60 255,000 263,578.20 268,690.95 NEWMONT MNG CORP 5.875% DUE 04-01-2035 SB06N1P4 55,000 59,923.02 61,935.12 NEWMONT MNG CORP 6.25% DUE 10-01-2039 SB4MFN56 45,000 46,168.65 53,077.14 NEWS CORP NEW CL A CL A C65249B109 66,038 1,109,509.14 923,211.24 NEWS CORP NEW CL A CL A C65249B109 26,712 448,790.22 373,433.76 NEWS CORP NEW CL B CL B C65249B208 27,326 442,092.69 388,575.72 NEWS CORP NEW CL B CL B C65249B208 11,054 178,836.74 157,187.88 NIKE INC 3.875% DUE 11-01-2045 SBYQGY18 355,000 353,935.00 389,161.65 NIPPON TELEG & TEL CORP 1.4 DUE 07-18-2017 REG C654624AE5 100,000 100,289.20 100,188.20 NORDSTROM INC 5% DUE 01-15-2044 SBNFX1H8 320,000 306,737.70 335,182.72 NORTH TEX TWY AUTH REV 6.718% 01-01-2049BEO TXBL SB3XNKQ2 110,000 136,120.53 171,642.90 NORTHN STS PWR CO 3.4 DUE 08-15-2042 SB8KCXG8 290,000 268,506.09 294,209.64 NORTHROP GRUMMAN 4.75% DUE 06-01-2043 SBB9ZSW0 175,000 174,818.99 206,759.88 NORTHWELL 3.979% DUE 11-01-2046 SBD8BW10 85,000 85,000.00 85,961.27 NORTHWESTERN UNIV 4.643% DUE 12-01-2044 SBFWLB79 220,000 220,000.00 277,449.04 NORTHWESTERN UNIV FIXED 3.688% DUE 12-01-2038 SBWTYX96 85,000 85,000.00 92,666.66 NORTHWESTN MUT 6.063% DUE 03-30-2040 SB58P7W2 100,000 118,455.27 129,412.10 NOVANT HEALTH INC 4.371% DUE 11-01-2043 SB9GVWC5 140,000 140,000.00 158,860.80 NOVARTIS CAP CORP 4% DUE 11-20-2045 SBDCBVP3 470,000 495,004.00 520,442.75 NY N Y TAXABLE-BUILD AMER BDS-F-1 6.271 DUE 12-01-2037 SB5BC128 40,000 47,916.00 56,668.80 NYU HOSPS CTR 5.75% DUE 07-01-2043 SBCJSQG6 120,000 120,000.00 156,489.48 OASIS PETE INC NEW COM STK C674215108 40,890 790,395.14 469,008.30 OASIS PETE INC NEW COM STK C674215108 13,295 256,989.57 152,493.65 OCHSNER CLINIC 5.897% DUE 05-15-2045 SBYNMMF9 270,000 270,000.00 352,966.14 OGLETHORPE PWR 4.2% DUE 12-01-2042 SB90ZDZ3 510,000 482,643.65 532,046.79 OHIO UNIV GEN RCPTS ATHENS 5.59% 12-01-2114 BEO TXBL C677704A65 200,000 200,000.00 239,466.00 OMNICOM GROUP INC COM C681919106 15,344 769,182.44 1,304,240.00 OMNICOM GROUP INC COM C681919106 6,206 311,101.82 527,510.00 ON SEMICONDUCTOR CORP COM C682189105 112,585 940,227.14 1,387,047.20 ON SEMICONDUCTOR CORP COM C682189105 45,540 380,316.60 561,052.80 ONCOR ELEC 3.75% DUE 04-01-2045 SBZ16JQ0 240,000 238,116.00 250,726.08 ONCOR ELEC 5.25% DUE 09-30-2040 SB3LR312 70,000 79,089.50 88,414.06 ONCOR ELEC 5.3 DUE 06-01-2042 SB7ZBFD4 435,000 486,031.95 553,779.80 ONCOR ELECTRIC DELIVERY 4.55% 12-01-2041 SB8B7B80 240,000 241,749.79 280,131.12 ORACLE CORP 3.9% DUE 05-15-2035 SBWTM367 575,000 546,780.10 594,458.00 ORACLE CORP 4% DUE 07-15-2046 SBY7RD02 485,000 505,636.22 501,156.81 ORACLE CORP 4.125% DUE 05-15-2045 SBWTM334 280,000 290,102.35 293,268.36

(Continued)







ORACLE CORP 4.375% DUE 05-15-2055 SBWTM356 375,000 363,438.00$ 398,350.88$ ORACLE CORP 5.375 DUE 07-15-2040 SB7FNML7 1,040,000 1,178,443.90 1,278,377.36 ORANGE CNTY CALIF LOC TRANSN AUTH SALES TAX REV 6.908% 02-15-2041 BEO TAXABLE SB4SBQN7 260,000 352,994.10 378,877.20 ORANGE NT STEP UP 03-01-2031 02-28-2031 SB2PPTQ2 250,000 377,905.00 398,874.25 OR TRAN HWY USER TAX REV 5.834% 11-15-2034 BEO TXBL SB5YBV22 120,000 143,354.40 164,356.80 OUTFRONT MEDIA INC COM C69007J106 38,020 839,457.52 899,173.00 OUTFRONT MEDIA INC COM C69007J106 12,310 271,666.99 291,131.50 PAC GAS & ELEC CO 4.25% DUE 03-15-2046 SBYZKM62 215,000 210,979.50 241,652.91 PAC GAS & ELEC CO 4.45 DUE 04-15-2042 SB80L9N4 65,000 65,117.00 73,686.60 PAC GAS & ELEC CO 4.75 DUE 02-15-2044 SBJZ7ZR0 475,000 505,649.00 566,863.58 PAC GAS & ELEC CO 5.4% DUE 01-15-2040 SBBMT915 470,000 508,225.10 595,986.32 PAC GAS & ELEC CO 5.8% DUE 03-01-2037 SB1V4L37 175,000 222,957.00 230,195.00 PACIFIC GAS & ELEC CO 5.125 DUE 11-15-2043 SBGDRYG3 165,000 164,747.55 203,090.09 PACIFICORP 6.1% DUE 08-01-2036 SB1Z2XW0 160,000 217,676.80 215,470.40 PANAMA REP PANAMA GLOBAL 2029 ISIN US698299AK07 9.375% DUE 04-01-2029 BEO C698299AK0 570,000 845,091.43 882,075.00 PANAMA REP US$ GLOBAL BD 8.875% DUE 09-30-2027 REG C698299AD6 245,000 333,375.24 367,500.00 PARKER-HANNIFIN CORP COM C701094104 7,983 843,573.15 1,002,105.99 PARKER-HANNIFIN CORP COM C701094104 3,229 341,212.29 405,336.37 PARTY CITY HOLDCO INC COM C702149105 21,990 328,783.30 376,468.80 PARTY CITY HOLDCO INC COM C702149105 7,150 106,903.18 122,408.00 PEMEX PRJ FDG MSTR TR GTD BD 6.625% DUE 06-15-2035 REG SB7GPR51 220,000 239,079.38 223,927.00 PENNYMAC MTG INVT TR COM REIT C70931T103 42,145 835,203.80 656,619.10 PENNYMAC MTG INVT TR COM REIT C70931T103 13,710 271,696.38 213,601.80 PEPSI BOTTLING 7% DUE 03-01-2029 S2541262 250,000 357,202.50 363,110.50 PERRIGO CO PLC 5.3% DUE 11-15-2043 SBRCJNZ9 195,000 185,433.30 208,456.76 PERRIGO FIN PLC 3.9% DUE 12-15-2024 SBST7803 390,000 388,358.10 395,728.71 PERRIGO FIN PLC 4.9% DUE 12-15-2044 SBST7814 485,000 492,738.15 485,999.10 PETRO-CDA 6.8% DUE 05-15-2038 SB2RJ2C9 45,000 59,894.10 59,088.11 PETROLEOS 5.5% DUE 06-27-2044 C71654QBE1 84,000 80,774.08 72,819.60 PETROLEOS 5.625% DUE 01-23-2046 SBYYQ0N4 380,000 365,692.17 331,474.00 PETROLEOS 6.5% DUE 06-02-2041 C71654QAZ5 800,000 793,546.84 778,000.00 PETROLEOS MEXICANOS 6.375% 01-23-2045 C71654QBR2 185,000 182,226.00 176,675.00 PFIZER INC 4.4% DUE 05-15-2044 SBMMB3K5 265,000 291,886.90 306,137.81 PFIZER INC NT 7.2 DUE 03-15-2039 SB8MJDB2 200,000 267,152.00 306,359.60 PHILIP MORRIS INTL INC 3.875 BDS DUE 08-21-2042 USD1000 SB90G0K0 310,000 295,060.40 321,128.07 PHILIP MORRIS INTL 4.375% DUE 11-15-2041 SB6VMZ67 150,000 150,561.00 166,612.95 PHILIPPINES REP GLOBAL BD 3.95% DUE 01-20-2040 C718286BZ9 100,000 101,838.30 114,215.80 PHILIPPINES REP GLOBAL BD 6.375% DUE 01-15-2032 REG C718286BD8 115,000 164,881.25 162,822.75 PHILIPPINES REP GLOBAL BD 6.375% DUE 10-23-2034 REG C718286BG1 215,000 292,080.81 312,498.42 PHILIPPINES REP NT 3.7% DUE 03-01-2041 REG C718286CA3 525,000 525,000.00 580,924.05 PHILIPPINES(REP OF) GLOBAL BD 7.75%DUE 01-14-2031 REG C718286BB2 55,000 84,425.00 85,730.04 PHILLIPS 66 4.875% DUE 11-15-2044 SBSPCC33 130,000 129,102.01 144,415.57 PIER 1 IMPORTS INC COM C720279108 114,580 1,025,932.20 485,819.20

(Continued)







PIER 1 IMPORTS INC COM C720279108 37,270 333,710.01$ 158,024.80$ PLAINS ALL AMERN 6.65% DUE 01-15-2037 SB23G0D1 115,000 133,900.25 124,600.55 PORTAUTH NY&NJ 4.81% 10-15-2065 BEOTAXABLE C73358WXQ2 395,000 395,000.00 481,216.65 PORTAUTH NY&NJ 5.647 TXBL ONE HUN SIXTYFOURTH 11-01-40 SB7M9C63 65,000 79,589.25 85,881.25 POST HLDGS INC COM STK C737446104 6,440 338,098.64 496,974.80 POST HLDGS INC COM STK C737446104 2,080 108,882.38 160,513.60 POTOMAC ELEC PWR 4.15% DUE 03-15-2043 SB95XX07 380,000 370,773.55 418,855.00 PPL ELEC UTILS 6.25% DUE 05-15-2039 C69351UAM5 120,000 162,199.20 166,959.60 PPL ELEC UTILS 6.45% DUE 08-15-2037 SBH65V37 100,000 130,183.00 140,495.80 PROVID HLTH & SVCS 3.744% DUE 10-01-2047 SBYYHL01 235,000 235,000.00 241,042.56 PRUDENTIAL FINL 6.2% DUE 11-15-2040 SB6913K6 85,000 105,477.35 104,616.81 PRUDENTIAL FINL INC DTD 06-21-2010 6.62506-21-2040 SB64X2G6 45,000 58,490.55 58,151.43 PRUDENTIAL FINL INC MED TRM NTS BOOK TRANCHE # TR 00028 6.625 12-01-2037 SBFNXZP0 155,000 199,187.40 199,530.42 PRUDENTIAL FINL INC MEDIUM TERM NTS BOOKTRANCHE #00008 5.4 06-13-2035 REG SBBJNJG5 180,000 184,044.60 206,864.28 PUBLIC SVC CO COLO 6.5% DUE 08-01-2038 SB3CH1C8 150,000 204,540.00 216,641.40 PUGET SOUND ENERGY 4.3% DUE 05-20-2045 SBD3J3P0 330,000 328,515.00 379,773.57 PVTPL AMGEN INC SR NT 144A 4.663% DUE 06-15-2051/06-14-2016 BEO SBY7QJ56 224,000 212,617.16 239,410.53 PVTPL AT&T INC GLOBAL NT 144A 4.5% DUE 03-09-2048/09-07-2016 BEO SBD5MF28 2,376,000 2,200,759.66 2,388,443.11 PVTPL AT&T INC GLOBAL NT 144A 4.55% DUE 03-09-2049/09-09-2048 BEO SBD5Z1K7 915,000 858,456.01 918,724.97 PVTPL BRTSH AERO FIN GTD BD 144A 7.5% DUE 07-01-2027 REG S2543495 440,000 585,349.60 599,286.16 PVTPL CR SUISSE 1ST BSTN MTG SECS CORP SER 2002-P1 CL-A 144A VAR RT 3-25-32 BEO C22540VK43 3,622 3,621.53 3,348.91 PVTPL DEN NORSKE STATS OLJESELSKAP A S 8 -STATO DEB 144A 6.5 DUE 12-01-202 S2324601 300,000 381,417.00 392,069.40 PVTPL EDF S A NT 6 DUE 01-22-2114 BEO C268317AL8 155,000 150,277.15 167,848.73 PVTPL HALLIBURTON CO DEB 144A 7.6% DUE 08-15-2096 BEO SB2QP9M7 135,000 197,047.09 174,925.58 PVTPL HEINZ H J FIN GTD NT 144A 7.125% DUE 08-01-2039 BEO SB3VJFD4 565,000 705,308.68 798,982.89 PVTPL HEWLETT PACKARD ENTERPRISE CO 144A6.2% DUE 10-15-2035/10-09-2015 BEO SBYMFYZ3 180,000 158,776.20 187,580.16 PVTPL KS GAS & ELEC CO 1ST MTG BD 4.3 DUE 07-15-2044 C485260BM4 510,000 543,847.75 569,189.58 PVTPL KEYSPAN GAS EAST CORPBND 5.819% DUE04-01-2041 BEO SB5NKKP6 140,000 163,188.20 180,715.92 PVTPL MA MUTLIFE INS SUR NT144A 8.875 DUE 06-01-2039 BEO SB4YX002 130,000 193,521.90 204,576.06 PVTPL MA ELEC SR NT 144A 4.004% DUE 08-15-2046/08-05-2016 BEO SBD1FCR5 160,000 160,000.00 166,386.72 PVTPL METLIFE CAPITAL TRUST X 9.25% DUE 04-08-2068 SB4ZPB37 45,000 51,790.50 64,741.50 PVTPL MONONGAHELA PWR 5.4 DUE 12-15-2043 BEO SBGMTTQ5 335,000 361,687.89 423,089.59 PVTPL MOTIVA ENTERPRISES LLC SR NT 144A 6.85% DUE 01-15-2040/01-11-2010 BEO SB5MMVT4 370,000 482,478.35 470,225.97 PVTPL NATIONWIDE MUT INS CO SURPLUS NT 144A 9.375% DUE 08-15-2039 REG SB3YCMZ1 105,000 147,032.03 165,551.93 PVTPL NEW YORK LIFE GLOBAL FDG 1.125 03-01-2017 BEO C64952WBR3 100,000 100,275.00 100,043.00

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PVTPL PETROLEOS MEXICANOS MEDIUM TERM NTS BOOK 6.75% DUE 09-21-2047 REG SBDHDV76 1,545,000 1,561,873.42$ 1,545,000.00$ PVTPL UBS GROUP FDG JERSEY LTD SR NT 144A 4.125% DUE 09-24-2025 BEO C90351DAB3 365,000 376,705.23 382,515.99 PVTPL USAA CAP CORP MEDIUM TERM NTS BOOKENTRY 144A . 2.25% DUE 12-13-2016 REG C90327QCW7 150,000 155,001.00 150,397.50 QUEBEC PROV CDA PROVINCE DE QUEBEC GLOBAL NOTE 7.5% DUE 09-15-2029 BEO C748148QR7 315,000 480,617.55 474,169.50 RABOBANK NEDERLAND 5.25% DUE 08-04-2045 C21684AAD8 355,000 414,425.90 405,040.09 REG TRAN DST CO SLSTAX REV5.844% 11-01-2050 BEO TXBL C759136QP2 60,000 75,272.40 87,640.80 REGIONS FINL CORP 7.375% DUE 12-10-2037 SB29VJL1 70,000 91,420.64 89,518.03 REGIONS FINL CORP NEW COM C7591EP100 183,606 1,585,808.67 1,812,191.22 REGIONS FINL CORP NEW COM C7591EP100 74,269 641,462.83 733,035.03 REORG/PKY STCK MRG PKY PPTYS INC 2220193 10-06-2016 C70159Q104 47,020 842,279.33 799,810.20 REORG/PKY STCK MRG PKY PPTYS INC 2220193 10-06-2016 C70159Q104 15,290 273,893.05 260,082.90 REPUBLIC N Y CORP 7.2% DUE 07-15-2097 SB3D5P18 110,000 138,586.80 152,110.97 RESOLUTION FDG CORP FED BOOK ENTRY PRIN STRIPS GENERIC PRIN PMT 04-15-2030 S2739852 615,000 412,326.75 440,915.64 RESOURCES CONNECTION INC COM C76122Q105 32,960 487,495.61 492,422.40 RESOURCES CONNECTION INC COM C76122Q105 10,720 158,554.39 160,156.80 REYNOLDS AMERN INC 6.15% DUE 09-15-2043 SBDWGXG3 130,000 171,685.80 171,373.93 REYNOLDS AMERN INC FIXED 5.7% DUE 08-15-2035 SBZ0W055 340,000 425,215.25 420,235.24 REYNOLDS AMERN INC FIXED 5.85% DUE 08-15-2045 SBZ0HGQ3 180,000 227,455.20 234,019.44 ROYAL BK CDA GLBL MEDTERM SR BK NTTRANCHE # TR 817 1.4% DUE 10-13-2017 C78010U4A2 50,000 50,176.50 50,026.50 RSP PERMIAN INC COM C74978Q105 9,865 229,949.71 382,564.70 RSP PERMIAN INC COM C74978Q105 3,205 74,707.43 124,289.90 S CAROLINA ELEC & 4.1% DUE 06-15-2046 SBZB1G20 170,000 169,649.80 181,423.15 S CAROLINA ELEC & 4.6% DUE 06-15-2043 SBBHV6D7 300,000 298,500.00 339,707.40 S CAROLINA ELEC & 5.1% DUE 06-01-2065 SBY58YK4 160,000 158,708.80 187,519.20 S CAROLINA ELEC & 6.625% DUE 02-01-2032 SBG49361 180,000 226,953.00 241,249.86 SAN ANT TX ELEC & GAS REV5.718% 02-01-2041 BEO TXBL SB4R70G7 315,000 380,280.40 433,811.70 SAN DIEGO CNTY CALIF REGL ARPT AUTH SPL FACS REV 5.594% 07-01-2043 BEO TAXABLE SBJTMRB9 145,000 145,000.00 165,056.40 SAN DIEGO CNTY CALIF REGL TRANSN COMMN SALESTAX REV 5.911% 04-01-2048 REG SB5V2QH8 140,000 181,704.24 199,677.80 SAN DIEGO G & E 5.35 DUE 05-15-2040 SB4KPKP7 215,000 252,375.60 277,356.02 SEAGATE TECHNOLOGY PLC COM USD0.00001 CG7945M107 38,678 1,134,691.40 1,491,036.90 SEAGATE TECHNOLOGY PLC COM USD0.00001 CG7945M107 15,622 458,300.57 602,228.10 SEAWORLD ENTMT INC COM C81282V100 58,255 1,002,276.33 785,277.40 SEAWORLD ENTMT INC COM C81282V100 18,950 326,037.66 255,446.00 SELECTIVE INS GROUP INC COM C816300107 16,070 537,611.95 640,550.20 SELECTIVE INS GROUP INC COM C816300107 5,220 174,631.89 208,069.20 SHERWIN WILLIAMS 3.45% DUE 08-01-2025 SBYW41J3 510,000 527,146.20 534,055.17 SHERWIN WILLIAMS 4.55% DUE 08-01-2045 SBYY8XV9 285,000 290,755.13 302,123.09 SHERWIN WILLIAMS CO 4 DUE 12-15-2042 SB93L8Z3 235,000 226,319.10 230,979.15

(Continued)







SHIRE ACQUISITIONS 3.2% DUE 09-23-2026 SBD1XH85 1,245,000 1,245,651.25$ 1,251,696.86$ SILGAN HLDGS INC COM C827048109 13,275 640,459.29 671,582.25 SILGAN HLDGS INC COM C827048109 4,320 208,415.67 218,548.80 SMBUS ADM GTD LN PL CTFS SBA509198 FLTGRT DUE 06-25-2022 C83164LGF2 36,036 38,682.69 37,544.36 SNYDERS-LANCE INC COM C833551104 23,790 732,741.12 798,868.20 SNYDERS-LANCE INC COM C833551104 7,730 238,086.97 259,573.40 SOUTH AFRICA REP NT 5% DUE 10-12-2046 REG C836205AV6 200,000 200,000.00 201,250.00 SOUTH CAROLINA ELEC & GAS CO 4.35 DUE 02-01-2042 SB6SXB65 190,000 193,824.05 207,567.21 SOUTHERN CO 4.25% DUE 07-01-2036 SBYT1517 390,000 388,358.10 413,782.20 SOUTHERN CO 4.4% DUE 07-01-2046 SBYT1540 160,000 159,954.00 172,639.68 SOUTHERN PWR CO 5.25% DUE 07-15-2043 SBCB8385 325,000 338,854.35 354,178.50 SOUTHN BAPTIST 4.857% DUE 07-15-2045 SBYY5G55 255,000 255,000.00 310,381.41 SOUTHN CAL EDISON 3.9 DUE 03-15-2043 SB91R9M7 590,000 586,477.70 639,699.24 SOUTHN CAL EDISON 3.9% DUE 12-01-2041 SB70Y066 350,000 364,846.30 375,430.65 SOUTHN CAL EDISON 4.05% DUE 03-15-2042 SB7RDY97 300,000 282,147.00 330,876.60 SOUTHN CAL EDISON 6% DUE 01-15-2034 S2317894 250,000 317,095.00 329,136.00 SOUTHN CAL GAS 3.75 DUE 09-15-2042 SB8DRYG7 290,000 286,096.60 308,075.70 SOUTHN CO GAS CAP 3.95% DUE 10-01-2046 SBD30007 130,000 129,769.90 131,404.26 SPCL1 GEN ELEC CAP CORP 5.875% DUE 01-14-2038 SB2NJ7Z1 175,000 229,232.85 234,375.05 ST PAUL TRAVELERS COS INC FRMRLY ST P ST PAUL TRAVELERS 6.75 06-20-2036 BEO SB17M7Y8 55,000 74,440.85 79,528.19 STAPLES INC COM C855030102 98,434 1,177,225.51 841,610.70 STAPLES INC COM C855030102 39,816 476,181.10 340,426.80 STARBUCKS CORP 4.3% DUE 06-15-2045 SBYYG2D8 195,000 211,668.60 230,500.73 STATOIL ASA 5.1 DUE 08-17-2040 SB522X65 170,000 177,463.60 203,377.46 STEELCASE INC CL A COM C858155203 36,405 527,990.19 505,665.45 STEELCASE INC CL A COM C858155203 11,840 171,708.39 164,457.60 STERIS PLC NEW STERIS LTD COMSTK CG84720104 13,545 970,876.84 990,139.50 STERIS PLC NEW STERIS LTD COMSTK CG84720104 4,405 315,760.28 322,005.50 STERLING BANCORP DEL COM C85917A100 39,020 641,740.36 682,850.00 STERLING BANCORP DEL COM C85917A100 12,690 208,705.41 222,075.00 STIFEL FINL CORP COM C860630102 11,230 422,969.75 431,793.50 STIFEL FINL CORP COM C860630102 3,650 137,474.58 140,342.50 SUNCOR ENERGY INC 5.95 DUE12-01-2034 BEO SB01YRG5 165,000 177,589.50 199,640.60 SUNCOR ENERGY INC 7.15% DUE 02-01-2032 SB9B2M01 420,000 530,292.00 541,992.78 SUNOCO LOGISTICS 4.95% DUE 01-15-2043 SB8BHLQ8 300,000 275,576.25 288,235.20 SUNOCO LOGISTICS 5.3% DUE 04-01-2044 SBL9FKB3 270,000 278,442.90 272,497.77 SUNOCO LOGISTICS 5.35% DUE 05-15-2045 SBSN4Q84 610,000 582,405.16 623,219.92 SUPERIOR ENERGY SVCS INC COM C868157108 37,692 984,202.05 674,686.80 SUPERIOR ENERGY SVCS INC COM C868157108 15,346 400,710.09 274,693.40 SYSCO CORP 4.5% DUE 04-01-2046 SBYQ4R13 110,000 111,205.59 119,944.55 SYSCO CORP 4.85% DUE 10-01-2045 SBZ974R1 390,000 416,826.34 445,365.18 TARGET CORP 3.625% DUE 04-15-2046 SBD073D5 345,000 354,542.40 356,090.72 TCI COMMUNICATIONS 7.875% DUE 02-15-2026 S2877235 300,000 387,465.00 426,353.40

(Continued)







TEACHERS INS & 6.85% DUE 12-16-2039 SB50WZ61 280,000 351,831.35$ 380,663.64$ TEAM HEALTH HLDGS INC COM C87817A107 20,510 743,661.84 667,805.60 TEAM HEALTH HLDGS INC COM C87817A107 6,670 241,829.15 217,175.20 TN VLY ATH GLBL PWRBD 2000SER G7.125% DUE05-01-2030RG SB4PVQM9 500,000 751,343.25 769,458.50 TN VLY ATH GLBL PWR BD 2009SER C 5.25% DUE 09-15-2039RG SB4NTYJ8 395,000 487,256.20 546,025.09 TN VLY ATH GLBL PWR BD SER A 4.25% DUE 09-15-2065 REG SBYTX2R8 285,000 277,344.90 339,054.53 TEREX CORP NEW COM C880779103 74,180 2,213,601.36 1,884,913.80 TEREX CORP NEW COM C880779103 30,145 898,392.15 765,984.45 TETRA TECH INC NEW COM C88162G103 12,950 317,977.22 459,336.50 TETRA TECH INC NEW COM C88162G103 4,215 103,496.06 149,506.05 TX HEALTH RES 4.33% DUE 11-15-2055 SBX90B31 125,000 125,000.00 139,637.13 TX ST 5.517% 04-01-2039 BEO TAXABLE SB78JF35 175,000 208,741.99 244,174.00 TX TRANS COMN STHWY FD REV5.178% 04-01-2030 BEOTXBL SB52BMP4 370,000 432,511.50 471,790.70 TIME WARNER CABLE 5.5% DUE 09-01-2041 SB441BS1 95,000 102,773.05 101,403.57 TIME WARNER CABLE 5.875% DUE 11-15-2040 SB66BW80 495,000 565,281.27 549,691.07 TIME WARNER CABLE 6.55% DUE 05-01-2037 SBBNBG20 850,000 898,413.78 1,007,786.35 TIME WARNER INC 6.1 07-15-2040 SB3WWGW8 275,000 316,345.31 345,579.30 TORCHMARK CORP COM C891027104 11,339 415,063.42 724,448.71 TORCHMARK CORP COM C891027104 4,586 167,870.25 292,999.54 TORONTO DOMINION BK SR MEDIUM TERM BK NTTRANCHE # TR 15 1.125 05-02-2017 C89114QAQ1 200,000 199,654.00 200,137.60 TRANSALTA CORP 6.5% DUE 03-15-2040 SB640X20 295,000 306,003.50 267,447.30 TRANSCANADA 6.2% DUE 10-15-2037 SB287YY8 130,000 162,303.19 165,887.15 TRAVELERS COS INC 3.75% DUE 05-15-2046 SBD8BSC3 90,000 89,373.60 95,097.78 TRAVELERS COS INC 6.25% DUE 06-15-2037 SB8YTZQ9 165,000 207,253.20 229,431.51 TRCNTNTL GAS PIPE 7.85% DUE 02-01-2026 SBYYWJ13 755,000 772,676.25 977,453.96 TREEHOUSE FOODS INC COM C89469A104 8,490 623,233.59 740,243.10 TREEHOUSE FOODS INC COM C89469A104 2,750 201,692.51 239,772.50 TRINITY ACQSTN PLC 6.125% DUE 08-15-2043 SBCZTLB3 275,000 303,423.00 313,606.70 TRINITY HLTH CORP 4.125% DUE 12-01-2045 SBVW5515 100,000 99,901.00 109,311.30 TUFTS UNIV TAXABLE BD SER 2012A 5.017 DUE 04-15-2112 SB7ZWP15 80,000 80,000.00 94,641.12 TYCO INTL FIN S A 5.125% DUE 09-14-2045 SBYXJG70 130,000 134,099.64 153,749.70 U S SILICA HLDGS INC C90346E103 7,810 192,701.66 363,633.60 U S SILICA HLDGS INC C90346E103 2,540 62,671.21 118,262.40 UBS GROUP FDG 4.125% DUE 04-15-2026 C90351DAF4 420,000 419,307.00 441,623.28 UNION ELEC CO 3.9 DUE 09-15-2042 SB759FZ0 500,000 493,470.64 541,291.50 UNION PAC CORP 4.05% DUE 11-15-2045 SBYQGY41 130,000 146,039.40 142,372.36 UNION PAC CORP 4.15% DUE 01-15-2045 SBQ1KQC4 135,000 152,132.85 148,877.33 UNITED MEXICAN STS 4.6% DUE 01-23-2046 C91086QBF4 150,000 142,657.44 152,062.50 US DOLLAR COLTV * 8,047,595 8,047,595.36 8,047,595.36 USA TREAS BONDS 02/15/2015 2.5% DUE 02-15-2045 REG SBVVT273 4,450,000 4,589,832.33 4,598,799.10 USA TREAS BONDS 05/15/2016 2.5% DUE 05-15-2046 REG SBYZ2TS9 3,300,000 3,374,877.01 3,415,500.00 US TREAS BDS 00202 4.75% DUE 02-15-2037 REG SBYQLV45 545,000 746,410.20 790,973.76

(Continued)







US TREAS BDS 00203 5% DUE 05-15-2037 REG SBSTJVX3 1,795,000 2,595,457.81$ 2,689,344.39$ US TREAS BDS 00205 4.375% DUE02-15-2038 REG SBD0CMD3 765,000 1,083,804.57 1,067,055.66 US TREAS BDS 00245 2.875% DUE 08-15-2045 REG SBYSJ1Z8 3,525,000 3,995,197.27 3,926,243.70 US TREAS BDS 2.875 DUE DUE 05-15-2043 SB8W8CX4 6,205,000 6,851,740.05 6,908,882.79 US TREAS BDS 3% DUE 05-1 5-2045 SBXC4FZ0 4,685,000 5,347,371.75 5,341,630.86 US TREAS BDS 3.375 05-15-2044REG SBM7S970 9,640,000 11,577,614.18 11,761,927.88 US TREAS BDS 3.625 DUE 02-15-2044 TBOND SBJT0ZC0 5,580,000 6,653,264.82 7,105,125.60 US TREAS BDS 3.625 DUE 08-15-2043 SBCZQWC2 7,115,000 8,826,215.56 9,058,006.89 US TREAS BDS 3.75 DUE 11-15-2043 REG SBGK9QZ5 11,655,000 15,459,755.32 15,168,796.02 US TREAS BDS 5.500 DUE 08-15-2028 REG S2285269 1,515,000 2,041,634.41 2,129,817.30 US TREAS BDS BD 3.125% DUE 02-15-2043 REG SB89T3Q0 3,320,000 3,504,443.10 3,868,188.44 US TREAS BDS BD 5.25% DUE 11-15-2028 REG S2307271 375,000 501,693.36 519,184.50 US TREAS BDS BDS 3% DUE 05-15-2042 REG SBYQLTY1 860,000 988,834.28 980,433.54 US TREAS BDS DTD 00210 4.25% DUE 05-15-2039RG SBYQLTZ2 2,370,000 3,215,544.90 3,249,585.21 US TREAS BDS DTD 00218 3.875%DUE 08-15-2040 REG SBSTJVZ5 670,000 843,532.17 874,009.64 US TREAS BDS DTD 00219 4.25% DUE 11-15-2040 REG SBYQLV01 3,465,000 4,732,985.47 4,771,142.15 US TREAS BDS DTD 00250 2.25% DUE 08-15-2046 REG SBD1FML9 11,445,000 11,157,951.81 11,237,559.38 US TREAS BDS DTD 02/15/2006 4.5% DUE 02-15-2036 REG SBSTJW18 6,920,000 9,978,639.87 9,738,820.48 USTREAS NTS .625 09-30-2017 REG C912828TS9 325,000 323,576.18 324,847.57 USTREAS NTS 1% DUE 12-31-2017 REG C912828N55 400,000 399,984.38 401,406.40 USTREAS NTS 1.5% BDS 15/08/26 USD1000 1.5% DUE 08-15-2026 REG SBDH26G7 1,135,000 1,127,465.57 1,123,959.86 US TREAS NTS DTD 02/15/2015 1% DUE 02-15-2018 REG C912828H94 100,000 100,531.25 100,375.00 US TREAS NTS DTD 04/30/2015 .5% DUE 04-30-2017 REG C912828K66 65,000 64,886.76 64,985.63 UNITEDHEALTH GROUP 4.625% DUE 07-15-2035 SBYTRVR3 125,000 124,985.00 145,158.75 UNITEDHEALTH GROUP 6.625% DUE 11-15-2037 SB2PPW63 150,000 212,262.00 213,930.90 UNIV CA MEDCTR PLED REV 6.583% 05-15-2049 BEO TXBL SB8C1VQ9 105,000 143,686.20 150,710.70 UNIV NOTRE DAME DU 3.438% DUE 02-15-2045 C914744AD9 85,000 82,964.25 88,998.06 UNIVERSITY CALIF REVS 4.601% 05-15-2031 BEO TAXABLE SBFG2Y91 340,000 340,000.00 397,201.60 UNIVERSITY CALIF REVS 4.765% 05-15-2044 BEO TAXABLE C91412GVC6 130,000 130,000.00 142,472.20 UNIVERSITY CALIF REVS 4.767% 05-15-2115 BEO TAXABLE SBYSZTY1 435,000 435,000.00 480,414.00 UNIV TX PRM UNIV FD 5.262% 07-01-2039 BEO TXBL SB4MMJD7 310,000 358,890.36 416,091.30 UNIV VA UNIV REVS 6.2% 09-01-2039 BEO TAXABLE SB3XQ2J8 450,000 607,469.85 682,506.00 US TREAS BDS 0 TREAS NT 15/11/2039 USD1000 4.375 DUE 11-15-2039 REG SBYQLV23 1,595,000 2,205,457.47 2,224,028.13 US TREAS BDS 4.375 DUE 05-15-2040 REG SBZ56WC3 3,065,000 4,263,495.02 4,282,739.83 US TREAS SEC 4.5 DUE 08-15-2039 REG SBYQLV34 2,900,000 3,780,457.75 4,110,636.90 US TREASURY N/B 3.0% 11-15-2045 REG SBYQP1M5 5,555,000 6,191,398.66 6,338,343.88 UTD MEX STS TRANCHE # TR 00026 4.75 DUE 03-08-2044 C91086QBB3 330,000 356,020.05 341,962.50 UTD MEXICAN STS UTD MEXICAN STATES4.35 01-15-2047 REG 4.35 DUE 01-15-2047 REG SBZ6SVL0 1,700,000 1,689,159.40 1,670,250.00 UTD STATES TREAS 1% DUE 05-15-2018 C912828XA3 530,000 530,950.78 532,111.52 VA ELEC & PWR CO 4.45 02-15-2044 SBJSVPB3 140,000 143,578.40 160,227.06 VA ELEC&PWR SR NT 2008 SER B 8.875 DUE 11-15-2038 SB3FD1W3 90,000 141,684.30 152,276.49

(Continued)







VALERO ENERGY CORP 4.9% DUE 03-15-2045 SBWBY7W5 290,000 288,822.60$ 286,238.99$ VALERO ENERGY CORP 6.625% DUE 06-15-2037 SB1YLTG4 200,000 212,791.87 234,343.20 VALERO ENERGY CORP 7.5% DUE 04-15-2032 S2369408 240,000 293,697.60 297,754.80 VALIDUS HOLDING LTD COM STK USD0.175 CG9319H102 19,188 640,893.72 955,946.16 VALIDUS HOLDING LTD COM STK USD0.175 CG9319H102 7,762 259,256.67 386,702.84 VERIFONE SYSTEMS INC COM C92342Y109 22,085 398,567.99 347,617.90 VERIFONE SYSTEMS INC COM C92342Y109 7,185 129,668.37 113,091.90 VERIZON 4.672% DUE 03-15-2055 SBYM0W21 582,000 535,438.47 612,223.26 VERIZON 5.012% DUE 08-21-2054 SBVYRK47 2,920,000 2,716,163.39 3,224,380.80 VERIZON 8.95% DUE 03-01-2039 SB3FBWF7 305,000 471,911.25 484,357.08 VERIZON COMMUNICATIONS 6 DUE 04-01-2041 SB90QPZ0 565,000 640,810.35 711,745.19 VIACOM INC NEW 4.375% DUE 03-15-2043 SBCHWWF1 655,000 545,169.50 601,330.61 VISA INC 4.15% DUE 12-14-2035 SBYPHG16 235,000 234,959.25 265,998.15 VISA INC 4.3% DUE 12-14-2045 SBYPHFN1 1,095,000 1,187,370.02 1,265,463.03 VODAFONE GROUP PLC 4.375% DUE 02-19-2043 SBB0RG21 505,000 484,834.41 505,874.66 VOYA FINL INC COM C929089100 81,309 2,170,352.55 2,343,325.38 VOYA FINL INC COM C929089100 32,891 877,694.23 947,918.62 WACHOVIA BK NATL ASSN MEDIUM TERM SUB BKTRANCHE # SB 00009 6.6 DUE 01-15-2038 SB7XGYR8 280,000 379,817.90 383,724.88 WAL-MART STORES 5% DUE 10-25-2040 SBG49725 465,000 509,741.36 587,754.89 WAL-MART STORES 5.625% DUE 04-01-2040 SBG49714 265,000 341,139.01 357,505.14 WAL-MART STORES 5.625% DUE 04-15-2041 SB654D54 185,000 254,095.65 251,408.53 WASHINGTON ST 5.09% 08-01-2033 BEO TAXABLE SB5L4SZ6 115,000 134,113.00 143,846.60 WASHINGTON ST 5.14% 08-01-2040 BEO TAXABLE SB5NV5Y3 190,000 214,367.50 251,960.90 WEBSTER FNCL CORP WATERBURY CONN COM C947890109 21,280 711,893.63 808,852.80 WEBSTER FNCL CORP WATERBURY CONN COM C947890109 22,980 855,783.67 873,469.80 WEBSTER FNCL CORP WATERBURY CONN COM C947890109 9,295 346,149.22 353,302.95 WEBSTER FNCL CORP WATERBURY CONN COM C947890109 6,920 231,499.24 263,029.20 WELLPOINT INC 4.625 DUE 05-15-2042 SB87XCP6 590,000 573,796.90 636,323.26 WELLS FARGO & CO 3% DUE 04-22-2026 SBD72T35 70,000 70,883.40 70,658.21 WELLS FARGO & CO 3.9% DUE 05-01-2045 SBX2H0V0 1,035,000 1,073,366.16 1,064,828.70 WELLS FARGO & CO 4.4% DUE 06-14-2046 SBYYYTZ3 930,000 932,091.24 946,785.57 WELLS FARGO & CO 4.9% DUE 11-17-2045 SBYQ29R7 810,000 825,412.65 891,818.91 WELLS FARGO & CO 5.375% DUE 02-07-2035 SBG496Q2 60,000 68,350.80 73,061.88 WELLS FRGO CO NEW MED TERM SR 4.65%11-04-2044 SBS9FPF1 230,000 240,701.60 241,951.49 WELLS FARGO & CO NEW MED TERM SR NTS TRANCHE # TR 00155 4.3% DUE 07-22-2027 SBYQXN34 65,000 70,360.80 70,052.97 WESLEYAN UNIV CONN 4.781% DUE 07-01-2116 C95101VAA7 170,000 170,000.00 181,978.20 WESTLAKE CHEM CORP 5% DUE 08-15-2046 SBYZDJP9 755,000 735,868.30 758,075.87 WESTPAC BKG CORP 2.25% DUE 07-30-2018 C961214CC5 110,000 111,700.60 111,520.20 WESTVACO CORP DEL 7.95% DUE 02-15-2031 S2721699 40,000 49,338.00 53,931.72 WESTVACO CORP DEL 8.2% DUE 01-15-2030 S2546814 135,000 164,245.09 184,080.20 WEX INC COM C96208T104 4,015 287,054.22 433,981.35 WEX INC COM C96208T104 1,305 93,301.55 141,057.45 WHITING PETE CORP COM STK C966387102 42,930 368,149.83 375,208.20

(Continued)







WHITING PETE CORP COM STK C966387102 13,960 119,721.90$ 122,010.40$ WILLIAM MARSH RICE 3.774% DUE 05-15-2055 SBWX1XY8 225,000 225,000.00 246,513.60 WILLIAMS PARTNERS 5.4% DUE 03-04-2044 SBKGRXP0 235,000 157,541.65 234,159.41 WILLIAMS PARTNERS 5.8 DUE 11-15-2043 C96950FAK0 155,000 105,400.00 161,416.69 WILLIAMS PARTNERS 6.3% DUE 04-15-2040 SB3RZKK8 140,000 105,525.00 153,913.62 WILLIS TOWERS WATSON PLC COM USD0.000115 CG96629103 9,319 945,730.14 1,237,283.63 WILLIS TOWERS WATSON PLC COM USD0.000115 CG96629103 3,770 382,594.98 500,542.90 WPX ENERGY INC COM SHS C98212B103 62,265 538,113.94 821,275.35 WPX ENERGY INC COM SHS C98212B103 20,250 175,003.99 267,097.50 WYETH NT 5.95 DUE 04-01-2037/03-27-2007 BEO SB91ZLT2 90,000 108,332.10 120,354.39 ZEBRA TECHNOLOGIES CORP CL A C989207105 12,435 691,102.72 865,600.35 ZEBRA TECHNOLOGIES CORP CL A C989207105 4,045 224,847.79 281,572.45 ZIMMER HLDGS INC 4.25% DUE 08-15-2035 SBWC5244 140,000 132,759.20 142,072.28 ZIMMER HLDGS INC 4.45% DUE 08-15-2045 SBYZY714 305,000 305,724.68 312,348.98 ZIONS BANCORP COM C989701107 28,935 713,311.37 897,563.70 ZIONS BANCORP COM C989701107 9,340 230,258.96 289,726.80

2,023,891,779.76$

* Permitted party-in-interest.

(Concluded)



Employer ID No.: 95-2102389

Plan No.: 001

FORM 5500, SCHEDULE H, PART IV, LINE 4j—SCHEDULE OF REPORTABLE TRANSACTIONS

FOR THE YEAR ENDED SEPTEMBER 30, 2016

(f) (h)

Expense Current Value

(c) (d) (e) Incurred (g) of Asset on (i)

(a) Identity of Party Purchase Selling Lease No. of with Cost of Transaction Net Gain

Involved (b) Description of Asset Price Price Rental Transactions Transaction Asset Date or Loss

SINGLE TRANSACTIONS

By issue—none - $ - $ - $ - - $ - $ - $ - $ By broker—none

SERIES IN NON-SECURITY

By issue—none By broker—none

SERIES IN SAME SECURITY

By issue: CUSIP 195998AC3 Collective Short Term Invt Fund 154,430,872 640 154,430,872 154,430,872 CUSIP 195998AC3 Collective Short Term Invt Fund 151,903,240 383 151,903,240 151,903,240 Various Government and agency securities 343,560,636 695 343,560,636 343,560,636 Various Government and agency securities 339,298,326 550 335,810,001 339,298,326 3,488,325

By broker—none

aerospace employees’ retirement...

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