有価証券報告書(内国投資信託受益証券)-第10期(平成29年12月5日-平成30年6月4日)

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【提出】
2018/09/04 9:10
【資料】
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【項目】
61項目
シュローダー・インカムアセット・アロケーション・マザーファンド
貸借対照表
(単位:円)
(平成29年12月 4日現在)(平成30年 6月 4日現在)
資産の部
流動資産
金銭信託-378,440,883
コール・ローン515,247,452-
投資証券13,643,154,21512,703,232,231
未収配当金56,998,06953,085,934
流動資産合計14,215,399,73613,134,759,048
資産合計14,215,399,73613,134,759,048
負債の部
流動負債
未払解約金26,755,87826,384,144
未払利息1,383-
その他未払費用10,30214,010
流動負債合計26,767,56326,398,154
負債合計26,767,56326,398,154
純資産の部
元本等
元本10,811,472,77010,293,860,118
剰余金
剰余金又は欠損金(△)3,377,159,4032,814,500,776
元本等合計14,188,632,17313,108,360,894
純資産合計14,188,632,17313,108,360,894
負債純資産合計14,215,399,73613,134,759,048
(注) ｢シュローダー・インカムアセット・アロケーション・マザーファンド」の計算期間は原則として毎年6月4日から翌年6月3日までであり、当ファンドの計算期間と異なります。 上記の貸借対照表は、平成29年12月 4日及び平成30年 6月 4日における同ファンドの状況であります。

注記表
(重要な会計方針に係る事項に関する注記)

1.有価証券の評価基準及び評価方法投資証券
移動平均法に基づき、原則として時価で評価しております。時価評価にあたっては、投資証券の基準価額、金融商品取引所等における最終相場(最終相場のないものについては、それに準ずる価額)、又は金融商品取引業者等から提示される気配相場に基づいて評価しております。
2.デリバティブ等の評価基準及び評価方法為替予約取引
為替予約の評価は、原則として、わが国における計算期間末日の対顧客先物売買相場の仲値によって計算しております。
3.その他財務諸表作成の為の基本となる重要な事項外貨建取引等の処理基準
外貨建取引については、｢投資信託財産の計算に関する規則｣(平成12年総理府令第133号)第60条に基づき、取引発生時の外国通貨の額をもって記録する方法を採用しております。但し、同第61条に基づき、外国通貨の売却時において、当該外国通貨に加えて、外貨建資産等の外貨基金勘定及び外貨建各損益勘定の前日の外貨建純資産額に対する当該売却外国通貨の割合相当額を当該外国通貨の売却時の外国為替相場等で円換算し、前日の外貨基金勘定に対する円換算した外貨基金勘定の割合相当の邦貨建資産等の外国投資勘定と、円換算した外貨基金勘定を相殺した差額を為替差損益とする計理処理を採用しております。

(貸借対照表に関する注記)

[平成29年12月 4日現在][平成30年 6月 4日現在]
1.投資信託財産に係る元本の状況
期首元本額8,818,111,723円10,811,472,770円
期中追加設定元本額3,429,356,858円1,136,460,484円
期中解約元本額1,435,995,811円1,654,073,136円
元本の内訳
ファンド名
シュローダー・インカムアセット・アロケーション(毎月決算型) Aコース(為替ヘッジなし)8,347,502,838円7,791,406,719円
シュローダー・インカムアセット・アロケーション(毎月決算型) Bコース(為替ヘッジあり)304,950,863円387,774,016円
シュローダー・インカムアセット・アロケーション(1年決算型) Aコース(為替ヘッジなし)1,590,610,165円1,583,432,962円
シュローダー・インカムアセット・アロケーション(1年決算型) Bコース(為替ヘッジあり)568,408,904円531,246,421円
計10,811,472,770円10,293,860,118円
2.受益権の総数10,811,472,770口10,293,860,118口

(金融商品に関する注記)
Ⅰ金融商品の状況に関する事項

自 平成29年 6月 6日
至 平成29年12月 4日		自 平成29年12月 5日
至 平成30年 6月 4日
1.金融商品に対する取組方針当ファンドは、「投資信託及び投資法人に関する法律」(昭和26年法律第198号)第2条第4項に定める証券投資信託であり、信託約款に規定する「運用の基本方針」に従い、有価証券等の金融商品に対して投資として運用することを目的としております。同左
2.金融商品の内容及び金融商品に係るリスク当ファンドが運用する金融商品の種類は、有価証券、デリバティブ取引、コール・ローン等の金銭債権及び金銭債務であり、有価証券の内容は「重要な会計方針に係る事項に関する注記」に記載しております。これらは、株価変動リスク、為替変動リスク、金利変動リスクなどの市場リスク、信用リスク、及び流動性リスクに晒されております。
当ファンドは為替変動リスクの低減を図ることを目的として、為替予約取引を行っております。		同左
3.金融商品に係るリスク管理体制運用部門におけるリサーチや投資判断において、運用リスクの管理に重点を置くプロセスを導入しています。さらに、これら運用プロセスから独立した部門が、運用制限・ガイドラインの遵守状況を含めたファンドの運用状況について随時モニタリングを行い、運用部門に対する牽制が機能する仕組みとしており、これらの体制によりファンド運用に関するリスクを管理しています。同左

Ⅱ金融商品の時価等に関する事項

[平成29年12月 4日現在][平成30年 6月 4日現在]
1.計上額、時価及び差額貸借対照表上の金融商品は原則としてすべて時価で評価しているため、貸借対照表計上額と時価との差額はありません。同左
2.時価の算定方法(1)有価証券(1)有価証券
「重要な会計方針に係る事項に関する注記」に記載しております。同左
(2)デリバティブ取引(2)デリバティブ取引
該当事項はありません。同左
(3)有価証券及びデリバティブ取引以外の金融商品(3)有価証券及びデリバティブ取引以外の金融商品
短期間で決済されるため、帳簿価額は時価と近似していることから、当該帳簿価額を時価としております。同左
3.金融商品の時価等に関する事項の補足説明金融商品の時価には、市場価格に基づく価額のほか、市場価格がない場合には合理的に算定された価額が含まれております。当該価額の算定においては一定の前提条件等を採用しているため、異なる前提条件等によった場合、当該価額が異なることもあります。同左

(有価証券に関する注記)
(平成29年12月 4日現在)
売買目的有価証券

種類当計算期間の損益に含まれた評価差額
投資証券△94,800,695円
合計△94,800,695円

(平成30年 6月 4日現在)
売買目的有価証券

種類当計算期間の損益に含まれた評価差額
投資証券△434,928,017円
合計△434,928,017円

注)当計算期間の損益に含まれた評価差額は、親投資信託の期首日からシュローダー・インカムアセット・アロケーション(毎月決算型) Aコース(為替ヘッジなし)、シュローダー・インカムアセット・アロケーション(毎月決算型) Bコース(為替ヘッジあり)の期末日までの期間に対応する金額であります。
(デリバティブ取引等に関する注記)
該当事項はありません。
(関連当事者との取引に関する注記)

該当事項はありません。
(1口当たり情報に関する注記)

[平成29年12月 4日現在][平成30年 6月 4日現在]
1口当たり純資産額1.3124円1.2734円
(1万口当たり純資産額)(13,124円)(12,734円)

附属明細表
第1 有価証券明細表
(1)株式

該当事項はありません。
(2)株式以外の有価証券

種 類通貨銘 柄券面総額評価額備考
投資証券米ドルSchroder International Selection Fund Global Multi-Asset Income Class J1,407,684.59115,841,884.12
Schroder International Selection Fund US Dollar Liquidity Class I0.90102.31
米ドル 小計1,407,685.49115,841,986.43
(12,703,232,231)
合計12,703,232,231
(12,703,232,231)

注)1.通貨種類毎の小計欄の( )内は、邦貨換算額であります。
2.合計欄の金額は円で表示しております。また( )内の金額は外貨建有価証券の邦貨換算額の合計額であり、内数で表示しております。
3.投資証券における券面総額の数値は証券数を表示しております。
4.外貨建有価証券の内訳

通貨銘柄数組入投資証券
時価比率		合計金額に
対する比率
米ドル投資証券2銘柄100.0%100.0%

第2 信用取引契約残高明細表

該当事項はありません。

第3 デリバティブ取引及び為替予約取引の契約額等及び時価の状況表
該当事項はありません。
(参考)
当ファンドは「シュローダー・インターナショナル・セレクション・ファンド・グローバル・マルチアセット・インカム クラスJ投資証券」および「シュローダー・インターナショナル・セレクション・ファンド・ドル・リクイディティ クラスI投資証券」を主要投資対象としており、貸借対照表の資産の部に計上された「投資証券」は、すべて同投資対象ファンドの投資証券です。投資対象ファンドの状況は以下の通りです。
なお、以下に記載した情報は監査の対象外であります。
投資対象ファンドの状況
投資対象ファンドはルクセンブルグ籍ドル建て外国投資法人であります。投資対象ファンドは、計算期間(平成29年1月1日から平成29年12月31日まで)が終了し、ルクセンブルグにおいて現地の法律に基づき財務書類が作成され、独立の監査人による監査を受けております。
以下に記載した情報は、現地において作成された直近入手可能な決算報告書の原文の一部を委託会社が翻訳したものであります。
シュローダー・インターナショナル・セレクション・ファンド・グローバル・マルチアセット・インカム 2017年12月期報告書
2017年12月31日現在の貸借対照表
シュローダー・インターナショナル・セレクション・ファンド・
グローバル・マルチアセット・インカム
(米ドル)
資産
投資
有価証券取得価額4,420,148,319
未実現評価益/(損)151,645,438
有価証券評価額4,571,793,757
未実現評価益/(損)
外国為替先渡契約15,904,247
先物契約4,126,073
4,591,824,077
銀行預金195,065,125
有価証券未収入金115,828
未収追加金14,119,658
未収配当金および未収利息33,572,367
その他未収金1,578,714
資産計4,836,275,769
負債
外国為替先渡契約に係る未払証拠金16,761,302
未払解約金13,284,403
未払配当金21,429,107
未払運用報酬4,137,401
その他未払金2,936,231
負債計58,548,444
純資産総額4,777,727,325

シュローダー・インターナショナル・セレクション・ファンド・グローバル・マルチアセット・インカム
(米ドル)
純資産総額
2017年12月31日現在4,777,727,325
発行済投資証券口数
2017年12月31日現在Class A Dis7,030,881
Class A Dis AUD-
Class A Dis AUD Hedged2,458,333
Class A Dis CHF-
Class A Dis CHF Hedged-
Class A Dis EUR-
Class A Dis EUR Hedged4,652,256
Class A Dis GBP-
Class A Dis GBP Hedged933,520
Class A Dis HKD2,709,422
Class A Dis NOK Hedged108
Class A Dis RMB Hedged4,752
Class A Dis SEK Hedged107
Class A Dis SGD59,093
Class A Dis SGD Hedged4,819,734
Class A Dis USD-
Class A Dis USD Hedged-
Class AX Dis-
Class AX Dis AUD Hedged-
Class AX Dis SGD Hedged-
Class AX Dis USD Hedged-
Class B Dis50,054
Class B Dis EUR Hedged4,212,046
Class C Dis1,830,110
Class C Dis CHF Hedged56,285
Class C Dis EUR-
Class C Dis EUR Hedged240,921
Class C Dis GBP-
Class C Dis GBP Hedged-
Class C Dis JPY Hedged-
Class C Dis SEK Hedged-
Class C Dis USD-
Class C Dis USD Hedged-
Class CX Dis-
Class D Dis-
Class I Dis6,424
Class I Dis EUR-
Class I Dis EUR Hedged-
Class I Dis GBP-
Class I Dis GBP Hedged61
Class IA Dis-
Class IZ Dis-
Class IZ Dis EUR-
Class IZ Dis EUR Hedged-
Class IZ Dis GBP Hedged-
Class J Dis1,434,015
Class J Dis JPY-
Class S Dis-
Class S Dis EUR-
Class S Dis EUR Hedged-
Class S Dis GBP-
Class S Dis GBP Hedged-
Class S Dis USD Hedged-
Class X Dis17
Class Z Dis-
Class Z Dis AUD Hedged-
Class Z Dis EUR-
Class Z Dis EUR Hedged1,228
Class Z Dis GBP-
Class Z Dis GBP Hedged-
Class Z Dis HKD-
Class Z Dis RMB Hedged-
Class Z Dis SGD Hedged-
Class A1 Dis644,924
Class A1 Dis AUD Hedged-
Class A1 Dis EUR-
Class A1 Dis EUR Hedged945,139
Class A1 Dis PLN Hedged41,728
Class A1 Dis USD-
Class A1 Dis USD Hedged-
Class X1 Dis-
Class A Acc4,270,839
Class A Acc AUD Hedged-
Class A Acc CHF-
Class A Acc CHF Hedged-
Class A Acc EUR-
Class A Acc EUR Hedged850,598
Class A Acc EUR Duration Hedged-
Class A Acc GBP-
Class A Acc GBP Hedged632,689
Class A Acc HKD29,938
Class A Acc NOK-
Class A Acc NOK Hedged-
Class A Acc PLN Hedged-
Class A Acc RMB Hedged-
Class A Acc SEK-
Class A Acc SEK Hedged96
Class A Acc SGD29,638
Class A Acc SGD Hedged39,519
Class A Acc USD-
Class A Acc USD Hedged-
Class B Acc442,830
Class B Acc EUR-
Class B Acc EUR Hedged711,205
Class B Acc USD Hedged-
Class C Acc1,885,170
Class C Acc AUD-
Class C Acc AUD Hedged-
Class C Acc CHF-
Class C Acc CHF Hedged-
Class C Acc EUR-
Class C Acc EUR Hedged828,452
Class C Acc EUR Duration Hedged-
Class C Acc GBP-
Class C Acc GBP Hedged132,017
Class C Acc JPY Hedged-
Class C Acc NOK-
Class C Acc RMB Hedged-
Class C Acc SEK Hedged109
Class C Acc USD-
Class C Acc USD Hedged-
Class CN Acc-
Class CN Acc EUR Hedged-
Class D Acc-
Class D Acc EUR-
Class D Acc USD Hedged-
Class E Acc-
Class E Acc CHF Hedged-
Class E Acc EUR Hedged-
Class E Acc GBP-
Class E Acc GBP Hedged-
Class E Acc USD-
Class F Acc SGD-
Class I Acc1,691,623
Class I Acc AUD-
Class I Acc CHF-
Class I Acc CHF Hedged-
Class I Acc EUR-
Class I Acc EUR Hedged-
Class I Acc GBP-
Class I Acc GBP Hedged77
Class I Acc JPY Hedged-
Class I Acc USD-
Class I Acc USD Hedged-
Class IA Acc-
Class IA Acc GBP Hedged-
Class IB Acc-
Class IC Acc-
Class IZ Acc-
Class IZ Acc EUR-
Class IZ Acc EUR Hedged-
Class IZ Acc GBP-
Class IZ Acc GBP Hedged-
Class J Acc JPY-
Class R Acc-
Class R Acc GBP Hedged-
Class R Acc USD Hedged-
Class S Acc-
Class S Acc EUR-
Class S Acc EUR Hedged-
Class S Acc GBP Hedged-
Class X Acc-
Class X Acc GBP Hedged-
Class Y Acc-
Class Z Acc-
Class Z Acc AUD Hedged-
Class Z Acc CHF Hedged-
Class Z Acc EUR-
Class Z Acc EUR Hedged3,038
Class Z Acc EUR Duration Hedged-
Class Z Acc GBP-
Class Z Acc GBP Hedged89
Class Z Acc SGD Hedged-
Class Z Acc USD Hedged-
Class A1 Acc421,086
Class A1 Acc EUR-
Class A1 Acc EUR Hedged1,425,025
Class A1 Acc GBP Hedged-
Class A1 Acc PLN Hedged100
Class A1 Acc SEK-
Class A1 Acc USD-
Class A1 Acc USD Hedged-
Class X1 Acc-
Class X1 Acc GBP-

シュローダー・インターナショナル・セレクション・ファンド・グローバル・マルチアセット・インカム
(米ドル)
一口当たり純資産価額 *
2017年12月31日現在Class A Dis92.6959
Class A Dis AUD-
Class A Dis AUD Hedged88.0140
Class A Dis CHF-
Class A Dis CHF Hedged-
Class A Dis EUR-
Class A Dis EUR Hedged88.7803
Class A Dis GBP-
Class A Dis GBP Hedged96.8276
Class A Dis HKD702.3577
Class A Dis NOK Hedged793.7287
Class A Dis RMB Hedged724.5522
Class A Dis SEK Hedged810.6093
Class A Dis SGD128.9888
Class A Dis SGD Hedged108.6556
Class A Dis USD-
Class A Dis USD Hedged-
Class AX Dis-
Class AX Dis AUD Hedged-
Class AX Dis SGD Hedged-
Class AX Dis USD Hedged-
Class B Dis89.6248
Class B Dis EUR Hedged85.7935
Class C Dis95.9398
Class C Dis CHF Hedged84.0761
Class C Dis EUR-
Class C Dis EUR Hedged91.8489
Class C Dis GBP-
Class C Dis GBP Hedged-
Class C Dis JPY Hedged-
Class C Dis SEK Hedged-
Class C Dis USD-
Class C Dis USD Hedged-
Class CX Dis-
Class D Dis-
Class I Dis105.0545
Class I Dis EUR-
Class I Dis EUR Hedged-
Class I Dis GBP-
Class I Dis GBP Hedged109.7031
Class IA Dis-
Class IZ Dis-
Class IZ Dis EUR-
Class IZ Dis EUR Hedged-
Class IZ Dis GBP Hedged-
Class J Dis85.0154
Class J Dis JPY-
Class S Dis-
Class S Dis EUR-
Class S Dis EUR Hedged-
Class S Dis GBP-
Class S Dis GBP Hedged-
Class S Dis USD Hedged-
Class X Dis96.2064
Class Z Dis-
Class Z Dis AUD Hedged-
Class Z Dis EUR-
Class Z Dis EUR Hedged92.1629
Class Z Dis GBP-
Class Z Dis GBP Hedged-
Class Z Dis HKD-
Class Z Dis RMB Hedged-
Class Z Dis SGD Hedged-
Class A1 Dis90.1563
Class A1 Dis AUD Hedged-
Class A1 Dis EUR-
Class A1 Dis EUR Hedged86.2849
Class A1 Dis PLN Hedged392.0610
Class A1 Dis USD-
Class A1 Dis USD Hedged-
Class X1 Dis-
Class A Acc123.1644
Class A Acc AUD Hedged-
Class A Acc CHF-
Class A Acc CHF Hedged-
Class A Acc EUR-
Class A Acc EUR Hedged118.1918
Class A Acc EUR Duration Hedged-
Class A Acc GBP-
Class A Acc GBP Hedged122.8124
Class A Acc HKD894.7810
Class A Acc NOK-
Class A Acc NOK Hedged-
Class A Acc PLN Hedged-
Class A Acc RMB Hedged-
Class A Acc SEK-
Class A Acc SEK Hedged919.3127
Class A Acc SGD148.6547
Class A Acc SGD Hedged141.2397
Class A Acc USD-
Class A Acc USD Hedged-
Class B Acc119.0604
Class B Acc EUR-
Class B Acc EUR Hedged114.1337
Class B Acc USD Hedged-
Class C Acc127.4488
Class C Acc AUD-
Class C Acc AUD Hedged-
Class C Acc CHF-
Class C Acc CHF Hedged-
Class C Acc EUR-
Class C Acc EUR Hedged122.1904
Class C Acc EUR Duration Hedged-
Class C Acc GBP-
Class C Acc GBP Hedged126.3839
Class C Acc JPY Hedged-
Class C Acc NOK-
Class C Acc RMB Hedged-
Class C Acc SEK Hedged919.7277
Class C Acc USD-
Class C Acc USD Hedged-
Class CN Acc-
Class CN Acc EUR Hedged-
Class D Acc-
Class D Acc EUR-
Class D Acc USD Hedged-
Class E Acc-
Class E Acc CHF Hedged-
Class E Acc EUR Hedged-
Class E Acc GBP-
Class E Acc GBP Hedged-
Class E Acc USD-
Class F Acc SGD-
Class I Acc133.8629
Class I Acc AUD-
Class I Acc CHF-
Class I Acc CHF Hedged-
Class I Acc EUR-
Class I Acc EUR Hedged-
Class I Acc GBP-
Class I Acc GBP Hedged120.7336
Class I Acc JPY Hedged-
Class I Acc USD-
Class I Acc USD Hedged-
Class IA Acc-
Class IA Acc GBP Hedged-
Class IB Acc-
Class IC Acc-
Class IZ Acc-
Class IZ Acc EUR-
Class IZ Acc EUR Hedged-
Class IZ Acc GBP-
Class IZ Acc GBP Hedged-
Class J Acc JPY-
Class R Acc-
Class R Acc GBP Hedged-
Class R Acc USD Hedged-
Class S Acc-
Class S Acc EUR-
Class S Acc EUR Hedged-
Class S Acc GBP Hedged-
Class X Acc-
Class X Acc GBP Hedged-
Class Y Acc-
Class Z Acc-
Class Z Acc AUD Hedged-
Class Z Acc CHF Hedged-
Class Z Acc EUR-
Class Z Acc EUR Hedged122.8126
Class Z Acc EUR Duration Hedged-
Class Z Acc GBP-
Class Z Acc GBP Hedged127.0617
Class Z Acc SGD Hedged-
Class Z Acc USD Hedged-
Class A1 Acc119.7176
Class A1 Acc EUR-
Class A1 Acc EUR Hedged114.7811
Class A1 Acc GBP Hedged-
Class A1 Acc PLN Hedged429.8189
Class A1 Acc SEK-
Class A1 Acc USD-
Class A1 Acc USD Hedged-
Class X1 Acc-
Class X1 Acc GBP-

*各クラスの一口当たり純資産価額(NAV)は、各クラスの基軸通貨で表示しております。
2017年12月31日現在の投資有価証券明細表
シュローダー・インターナショナル・セレクション・ファンド・
グローバル・マルチアセット・インカム
株式数または元本額公的取引所への上場承認を受けた
譲渡可能証券および短期金融市場証券		評価額
(米ドル)		純資産構成比
(%)
アンゴラ2,339,6340.05
USD2,025,000Angola Government Bond, Reg. S 9.5%
12/11/2025		2,339,6340.05
アルゼンチン36,380,7930.76
ARS138,565,000Argentina Government Bond 21.2%
19/09/2018		7,586,7970.16
ARS96,382,489Argentina Government Bond 18.2%
03/10/2021		5,483,7790.11
USD5,264,000Argentina Government Bond 7.5%
22/04/2026		5,968,8230.13
USD680,000Pampa Energia SA, Reg. S 7.375%
21/07/2023		744,2500.02
USD2,335,000Provincia de Buenos Aires, Reg. S
7.875% 15/06/2027		2,591,3950.05
USD12,950,000Provincia de Cordoba, Reg. S 7.125%
10/06/2021		14,005,7490.29
オーストラリア54,220,2811.14
AUD329,721Adelaide Brighton Ltd.1,678,8500.04
AUD44,169Aristocrat Leisure Ltd.817,4920.02
AUD61,465ASX Ltd.2,633,3060.06
AUD459,339BWP Trust, REIT1,108,4330.02
AUD398,625carsales.com Ltd.4,510,7690.09
AUD577,082Charter Hall Group, REIT2,713,0120.06
AUD453,282Coca-Cola Amatil Ltd.3,012,4210.06
AUD5,598Cochlear Ltd.748,5660.02
AUD9,751CSL Ltd.1,075,9920.02
AUD446,395CSR Ltd.1,659,3730.03
AUD44,097Flight Centre Travel Group Ltd.1,523,4980.03
AUD69,961IPH Ltd.300,4940.01
AUD37,296Macquarie Group Ltd.2,901,8170.06
USD3,100,000Mirvac Group Finance Ltd., Reg. S
3.625% 18/03/2027		3,056,3890.06
USD4,300,000Newcastle Coal Infrastructure Group Pty.
Ltd., Reg. S 4.4% 29/09/2027		4,305,6540.09
USD3,000,000QBE Insurance Group Ltd., Reg. S 3%
21/10/2022		2,954,8800.06
AUD85,611Rio Tinto Ltd.5,068,4330.11
USD4,600,000Santos Finance Ltd., Reg. S 4.125%
14/09/2027		4,546,4740.10
AUD217,199Super Retail Group Ltd.1,401,0560.03
AUD1,721,789Telstra Corp. Ltd.4,880,9480.10
AUD48,061Trade Me Group Ltd.165,519-
AUD122,202Woodside Petroleum Ltd.3,156,9050.07
ベルギー4,827,1060.10
EUR147,212Proximus SADP4,827,1060.10
バミューダ38,883,3970.81
USD1,500,000Alamo Re Ltd., FRN, 144A 6.107%
07/06/2021		1,512,6750.03
USD500,000Alamo Re Ltd., FRN, 144A 5.697%
07/06/2022		509,6750.01
USD1,500,000Blue Halo Re Ltd., FRN, 144A 9.547%
26/07/2019		1,430,4000.03
USD800,000CRANBERRY RE Ltd., FRN, 144A
3.335% 13/07/2023		803,8800.02
USD300,000Galileo Re Ltd., FRN, 144A 7.782%
08/01/2019		286,2150.01
USD300,000Galileo Re Ltd., FRN, 144A 9.782%
08/01/2019		277,3650.01
USD450,000Kilimanjaro II Re Ltd., FRN, 144A
8.709% 20/04/2021		431,5950.01
USD600,000Kilimanjaro II Re Ltd., FRN, 144A
11.209% 20/04/2021		544,0200.01
USD450,000Kilimanjaro II Re Ltd., FRN, 144A
8.729% 21/04/2022		431,5950.01
USD400,000Kilimanjaro II Re Ltd., FRN, 144A
11.229% 21/04/2022		357,7200.01
USD1,250,000Kilimanjaro Re Ltd., FRN, 144A 5.538%
30/04/2018		1,234,8750.03
USD2,300,000Kilimanjaro Re Ltd., FRN, 144A 7.788%
06/12/2019		2,321,0450.05
USD2,250,000Kilimanjaro Re Ltd., FRN, 144A 10.288%
06/12/2019		2,207,4750.05
USD38,700Lazard Ltd. ‘A’2,015,8830.04
USD1,000,000Manatee Re Ltd., FRN, 144A 18.58%
14/03/2022 *		--
USD700,000Nakama Re Ltd., FRN, 144A 3.538%
13/04/2018		703,1850.02
USD2,000,000Nakama Re Ltd., FRN, 144A 4.288%
14/01/2021		2,058,7000.04
USD2,800,000Northshore Re II Ltd., FRN, 144A
8.288% 06/07/2020		2,857,8200.06
USD1,000,000PANDA RE Ltd., FRN 4.05% 09/07/20181,014,2500.02
USD950,000Riverfront Re Ltd., FRN, 144A 5.538%
15/01/2021		950,1430.02
USD700,000Riverfront Re Ltd., FRN, 144A 7.288%
15/01/2021		697,6200.01
USD1,130,000Sanders Re Ltd., FRN, 144A 4.704%
05/06/2020		1,130,2820.02
USD575,000Sanders Re Ltd., FRN, 144A 4.514%
06/12/2021		575,9490.01
USD750,000Spectrum Capital Ltd., FRN, 144A
7.111% 08/06/2021		732,3000.02
USD650,000Tailwind Re Ltd., FRN, 144A 8.708%
08/01/2025		650,0000.01
USD650,000Tailwind Re Ltd., FRN, 144A 10.463%
08/01/2025		650,0000.01
USD700,000Tailwind Re Ltd., FRN, 144A 12.463%
08/01/2025		700,0000.01
USD1,450,000Torrey Pines Re Ltd., FRN, 144A
7.572% 09/06/2024		1,463,9930.03
USD1,300,000Torrey Pines Re Ltd., FRN, 144A
5.073% 09/06/2025		1,306,5650.03
USD3,000,000Tradewynd Re Ltd., FRN, 144A 9.698%
09/07/2018		3,081,7500.06
USD3,000,000Tramline Re II Ltd., FRN, 144A 9.288%
04/01/2019		3,015,4500.06
USD2,950,000Ursa Re Ltd., FRN, 144A 5%
21/09/2018		2,930,9720.06
ブラジル73,078,3421.53
USD1,090,000Aegea Finance Sarl, Reg. S 5.75%
10/10/2024		1,108,3990.02
BRL189,100Ambev SA1,214,8250.03
BRL226,100Banco do Estado do Rio Grande do Sul
SA Preference ‘B’		1,017,0390.02
USD2,120,000Braskem Finance Ltd. 6.45%
03/02/2024		2,374,1880.05
USD4,450,000Brazil Government Bond 2.625%
05/01/2023		4,291,1350.09
BRL1,884,200Brazil Letras do Tesouro Nacional ZCP
01/01/2018		5,686,7270.12
BRL11,194,100Brazil Notas do Tesouro Nacional 10%
01/01/2023		35,838,1620.75
BRL1,247,000Brazil Notas do Tesouro Nacional 10%
01/01/2025		3,937,2310.08
USD318,400Cia de Saneamento Basico do Estado
de Sao Paulo, ADR		3,324,0960.07
BRL237,300Cielo SA1,684,9450.04
USD1,130,000CIMPOR Financial Operations BV, Reg.
S 5.75% 17/07/2024		1,098,8180.02
USD700,000Eldorado Intl. Finance GmbH, Reg. S
8.625% 16/06/2021		725,1050.02
BRL183,500Engie Brasil Energia SA1,967,1500.04
BRL844,041Itausa - Investimentos Itau SA Preference2,757,0300.06
USD1,070,000Minerva Luxembourg SA, Reg. S 6.5%
20/09/2026		1,097,9590.02
BRL72,600Multiplus SA767,1060.02
USD1,890,000Petrobras Global Finance BV 7.375%
17/01/2027		2,082,9030.04
BRL107,900Qualicorp SA1,009,7960.02
USD1,015,000Rumo Luxembourg Sarl, Reg. S 7.375%
09/02/2024		1,095,7280.02
カナダ33,275,6380.69
USD850,000Barrick North America Finance LLC
5.75% 01/05/2043		1,064,4810.02
CAD210,900BCE, Inc.10,090,7800.21
CAD2,764Canadian Imperial Bank of Commerce269,4490.01
CAD7,316Canadian National Railway Co.605,6110.01
USD1,000,000Canadian Natural Resources Ltd. 3.85%
01/06/2027		1,017,4300.02
CAD141,469CI Financial Corp.3,337,0490.07
CAD1,415Constellation Software, Inc.856,7190.02
CAD133,100Genworth MI Canada, Inc.4,600,7700.10
CAD10,141North West Co., Inc. (The)242,766-
CAD167,800Sun Life Financial, Inc.6,893,6930.14
USD3,120,000Teck Resources Ltd. 5.4% 01/02/20433,151,2000.07
CAD58,700Transcontinental, Inc. ‘A’1,145,6900.02
ケイマン諸島1,146,0940.02
USD1,125,000Residential Reinsurance 2015 Ltd., FRN,
144A 8.234% 06/12/2021		1,146,0940.02
チリ7,170,1410.15
USD3,430,000Empresa Nacional de
Telecomunicaciones SA, Reg. S 4.75%
01/08/2026		3,581,6060.07
USD3,430,000GNL Quintero SA, Reg. S 4.634%
31/07/2029		3,588,5350.08
中国138,547,2562.90
USD2,300,000Alibaba Group Holding Ltd. 3.6%
28/11/2024		2,371,0810.05
USD700,000Alibaba Group Holding Ltd. 4.2%
06/12/2047		724,0830.02
USD1,000,000Baoxin Auto Finance I Ltd., Reg. S, FRN
5.625% Perpetual		988,8330.02
USD3,600,000Beijing Gas Singapore Capital Corp.,
Reg. S 2.75% 31/05/2022		3,530,9520.07
USD3,300,000Beijing State-Owned Assets
Management Hong Kong Co. Ltd., Reg.
S 4.125% 26/05/2025		3,393,9010.07
USD3,200,000Charming Light Investments Ltd., Reg. S,
FRN 2.792% 21/12/2020		3,203,0110.07
HKD5,315,000China Construction Bank Corp. ‘H’4,897,3950.10
USD1,400,000China Great Wall International Holdings III
Ltd., Reg. S 3.875% 31/08/2027		1,368,1400.03
USD1,500,000China Life Insurance Co. Ltd., Reg. S,
FRN 4% 03/07/2075		1,510,1930.03
USD1,700,000China Merchants Finance Co. Ltd., Reg.
S 4.75% 03/08/2025		1,824,9530.04
USD4,000,000China Minmetals Corp., Reg. S, FRN
3.75% Perpetual		3,940,9640.08
USD700,000China Singyes Solar Technologies
Holdings Ltd., Reg. S 7.95% 15/02/2019		702,6280.02
USD3,000,000CIFI Holdings Group Co. Ltd., Reg. S
7.75% 05/06/2020		3,154,5300.07
USD2,200,000CNAC HK Finbridge Co. Ltd., Reg. S
3.5% 19/07/2022		2,186,7160.05
USD2,900,000CNAC HK Finbridge Co. Ltd., Reg. S
4.125% 19/07/2027		2,906,3310.06
USD3,500,000CNOOC Curtis Funding No. 1 Pty. Ltd.,
Reg. S 4.5% 03/10/2023		3,731,0350.08
USD13,905,000CNOOC Finance 2013 Ltd. 3%
09/05/2023		13,769,1350.29
USD2,900,000CNOOC Finance 2015 USA LLC 3.5%
05/05/2025		2,928,0050.06
USD1,000,000CNRC Capitale Ltd., Reg. S, FRN 3.9%
Perpetual		992,1640.02
USD3,000,000Country Garden Holdings Co. Ltd., Reg.
S 4.75% 25/07/2022		3,001,0170.06
USD3,000,000CSCEC Finance Cayman II Ltd., Reg. S
3.5% 05/07/2027		2,951,0490.06
USD2,200,000Dianjian Haixing Ltd., Reg. S, FRN
4.05% Perpetual		2,220,3500.05
USD200,000Dianjian Haiyu Ltd., Reg. S, FRN 3.5%
Perpetual		197,000-
USD2,000,000Dr Peng Holding HongKong Ltd., Reg. S
5.05% 01/06/2020		2,015,1200.04
USD1,000,000Guangzhou Metro Investment Finance
BVI Ltd., Reg. S 3.375% 03/12/2020		1,003,7600.02
USD2,500,000Hilong Holding Ltd., Reg. S 7.25%
22/06/2020		2,481,3550.05
USD1,500,000Huaneng Hong Kong Capital Ltd., Reg.
S, FRN 3.6% Perpetual		1,470,4650.03
USD4,500,000Huarong Finance 2017 Co. Ltd., Reg. S
3.375% 24/01/2020		4,502,2810.10
USD800,000Huarong Finance II Co. Ltd., Reg. S
5.5% 16/01/2025		863,3910.02
USD1,200,000Huarong Finance II Co. Ltd., Reg. S 5%
19/11/2025		1,261,9310.03
USD3,000,000Industrial & Commercial Bank of China
Ltd., Reg. S 2.875% 21/02/2022		2,976,5400.06
USD3,200,000Industrial & Commercial Bank of China
Ltd., Reg. S, FRN 2.344% 14/12/2020		3,205,7700.07
USD3,000,000Longfor Properties Co. Ltd., Reg. S
3.875% 13/07/2022		2,999,6190.06
USD2,900,000MCC Holding Hong Kong Corp. Ltd.,
Reg. S 2.95% 31/05/2020		2,881,6050.06
USD3,002NetEase, Inc., ADR1,050,5500.02
USD6,564New Oriental Education & Technology
Group, Inc., ADR		608,1550.01
USD3,600,000Powerlong Real Estate Holdings Ltd.,
Reg. S 5.95% 19/07/2020		3,582,4210.08
USD3,000,000Rongshi International Finance Ltd., Reg.
S 3.625% 04/05/2027		3,007,7010.06
USD200,000Shenzhen Expressway Co. Ltd., Reg. S
2.875% 18/07/2021		197,426-
USD1,900,000Sinochem International Development Pte.
Ltd., Reg. S 3.125% 25/07/2022		1,885,2960.04
USD1,000,000Sinochem Offshore Capital Co. Ltd.,
Reg. S 3.124% 24/05/2022		995,2140.02
USD3,100,000Sino-Ocean Land Treasure III Ltd., Reg.
S, FRN 4.9% Perpetual		3,050,1400.06
USD1,200,000Sinopec Group Overseas Development
2012 Ltd., Reg. S 4.875% 17/05/2042		1,355,6150.03
USD2,000,000Sinopec Group Overseas Development
2015 Ltd., Reg. S 4.1% 28/04/2045		2,015,4880.04
USD3,530,000Sinopec Group Overseas Development
2016 Ltd., Reg. S 2.75% 29/09/2026		3,353,8810.07
USD2,000,000Sinopec Group Overseas Development
2017 Ltd., Reg. S 4% 13/09/2047		1,987,3020.04
USD550,000State Elite Global Ltd., Reg. S 2.25%
20/10/2021		533,9430.01
USD2,800,000Tencent Holdings Ltd., Reg. S 3.8%
11/02/2025		2,904,5660.06
USD1,400,000Three Gorges Finance I Cayman Islands
Ltd., Reg. S 2.3% 02/06/2021		1,378,7060.03
USD1,500,000Three Gorges Finance I Cayman Islands
Ltd., Reg. S 3.15% 02/06/2026		1,466,6400.03
USD2,200,000Times Property Holdings Ltd., Reg. S
6.25% 23/01/2020		2,221,1600.05
USD3,000,000Top Wise Excellence Enterprise Co. Ltd.,
Reg. S 6% 16/03/2020		3,075,2970.07
USD200,000Vanke Real Estate Hong Kong Co. Ltd.,
Reg. S 3.975% 09/11/2027		199,430-
USD4,500,000Weichai International Hong Kong Energy
Group Co. Ltd., Reg. S, FRN 3.75%
Perpetual		4,433,2340.09
USD1,500,000West China Cement Ltd., Reg. S 6.5%
11/09/2019		1,543,5120.03
USD3,000,000Wisdom Glory Group Ltd., Reg. S, FRN
5.25% Perpetual		3,018,8340.06
USD2,200,000Yangzhou Urban Construction State -
owned Asset Holding Group Co. Ltd.,
Reg. S 4.375% 19/12/2020		2,211,3940.05
USD2,788YY, Inc., ADR316,0480.01
コロンビア28,319,9850.59
USD3,330,000Bancolombia SA 5.95% 03/06/20213,612,8830.08
COP32,714,000,000Colombia Government Bond 7.75%
14/04/2021		11,712,4320.24
USD1,395,000Colombia Government Bond 2.625%
15/03/2023		1,363,1590.03
COP13,218,000,000Colombia Government Bond 9.85%
28/06/2027		5,554,4480.12
USD1,045,000Credivalores-Crediservicios SAS, Reg. S
9.75% 27/07/2022		1,084,0100.02
USD2,105,000Ecopetrol SA 5.875% 28/05/20452,161,4030.04
COP10,282,000,000Empresa de Telecomunicaciones de
Bogota, Reg. S 7% 17/01/2023		2,831,6500.06
コスタリカ2,780,5790.06
USD1,265,000Costa Rica Government Bond, Reg. S
5.625% 30/04/2043		1,125,7230.02
USD1,785,000Instituto Costarricense de Electricidad,
Reg. S 6.375% 15/05/2043		1,654,8560.04
クロアチア13,551,9940.28
USD12,430,000Croatia Government Bond, Reg. S
6.625% 14/07/2020		13,551,9940.28
キプロス131,526-
USD14,007Globaltrans Investment plc, GDR131,526-
チェコ共和国145,023-
CZK11,198O2 Czech Republic A/S145,023-
デンマーク23,186,0920.49
DKK10,451Coloplast A/S ‘B’834,2210.02
DKK230,683Novo Nordisk A/S ‘B’12,404,4880.26
DKK13,604Novozymes A/S ‘B’781,2440.02
DKK49,085Pandora A/S5,350,0060.11
DKK56,162Scandinavian Tobacco Group A/S ‘A’1,073,2720.02
DKK67,075Spar Nord Bank A/S779,6770.02
DKK28,444Vestas Wind Systems A/S1,963,1840.04
ドミニカ共和国6,407,9460.13
USD5,413,000Dominican Republic Government Bond,
Reg. S 5.5% 27/01/2025		5,731,1490.12
USD600,000Dominican Republic Government Bond,
Reg. S 6.85% 27/01/2045		676,7970.01
エクアドル29,747,2270.62
USD12,823,000Ecuador Government Bond, Reg. S
10.5% 24/03/2020		14,235,5810.30
USD10,371,000Ecuador Government Bond, Reg. S
8.75% 02/06/2023		11,476,4970.24
USD3,505,000Ecuador Government Bond, Reg. S
9.65% 13/12/2026		4,035,1490.08
エジプト2,206,1140.05
USD2,105,000Egypt Government Bond, Reg. S
6.125% 31/01/2022		2,206,1140.05
フィンランド9,934,5990.21
EUR16,375Elisa OYJ642,4420.01
EUR19,624Kone OYJ ‘B’1,052,8940.02
EUR62,233Nokian Renkaat OYJ2,813,8390.06
EUR18,980Orion OYJ ‘B’700,2800.02
EUR86,351Sampo OYJ ‘A’4,725,1440.10
フランス65,790,1941.38
EUR399,873AXA SA11,930,3680.25
EUR2,800,000Benu Capital Ltd., FRN, 144A 2.221%
09/01/2023		3,411,5440.07
EUR62,286BNP Paribas SA4,657,3910.10
EUR20,377Cie Generale des Etablissements
Michelin		2,932,3060.06
EUR25,188Euronext NV1,574,2420.03
EUR1,788Hermes International957,2860.02
EUR4,504L’Oreal SA1,002,8460.02
EUR2,725LVMH Moet Hennessy Louis Vuitton SE807,6250.02
EUR64,341Metropole Television SA1,655,8720.04
EUR67,364Neopost SA1,935,5430.04
EUR119,402Publicis Groupe SA8,116,6740.17
EUR93,147Sanofi8,058,0960.17
USD10,485,000SFR Group SA, 144A 6% 15/05/202210,650,7680.22
EUR20,335Societe BIC SA2,237,4140.05
EUR57,880Societe Generale SA2,994,4480.06
EUR51,661TOTAL SA2,867,7710.06
ドイツ20,656,0300.43
EUR3,118adidas AG624,7260.01
EUR67,787BASF SE7,454,3880.16
EUR14,993Bayer AG1,869,0840.04
EUR19,343Covestro AG1,994,7140.04
EUR111,829Deutsche EuroShop AG4,551,6100.10
EUR7,724Deutsche Post AG368,0330.01
EUR8,235HUGO BOSS AG700,2640.01
EUR89,897ProSiebenSat.1 Media SE3,093,2110.06
ガーナ13,568,2080.28
USD6,310,000Ghana Government Bond, Reg. S 9.25%
15/09/2022		7,168,5700.15
USD5,814,522Ghana Government Bond, Reg. S
7.875% 07/08/2023		6,399,6380.13
ガーンジー5,881,9510.12
EUR4,820,219SQ ReVita II IC Ltd., FRN ZCP
20/12/2045 *		5,881,9510.12
香港110,829,1012.32
HKD28,000AAC Technologies Holdings, Inc.499,5170.01
HKD6,395,000Agricultural Bank of China Ltd. ‘H’2,979,0050.06
USD1,200,000AIA Group Ltd., Reg. S 3.2%
11/03/2025		1,193,3700.02
HKD564,000BOC Hong Kong Holdings Ltd.2,858,2730.06
USD2,900,000Castle Peak Power Finance Co. Ltd.,
Reg. S 3.25% 25/07/2027		2,880,6130.06
USD800,000China Cinda Finance 2014 Ltd., Reg. S
5.625% 14/05/2024		886,4230.02
USD1,200,000China Cinda Finance 2017 I Ltd., Reg. S
4.1% 09/03/2024		1,226,6570.03
HKD394,000China Lilang Ltd.318,1670.01
HKD4,552,000China Lumena New Materials Corp. *--
HKD630,000China Mobile Ltd.6,389,5340.13
USD3,700,000China Oil & Gas Group Ltd., Reg. S
4.625% 20/04/2022		3,727,6460.08
HKD972,000China Overseas Land & Investment Ltd.3,128,4820.07
HKD4,132,000China Petroleum & Chemical Corp. ‘H’3,030,0120.06
HKD855,500China Shenhua Energy Co. Ltd. ‘H’2,217,0440.05
HKD137,000CK Asset Holdings Ltd.1,197,4870.02
USD1,500,000CK Hutchison International 16 Ltd., Reg.
S 2.75% 03/10/2026		1,430,3170.03
HKD106,000CK Infrastructure Holdings Ltd.910,9220.02
HKD235,500CLP Holdings Ltd.2,409,5660.05
USD1,700,000CLP Power HK Finance Ltd., Reg. S,
FRN 4.25% Perpetual		1,740,6660.04
HKD185,000Geely Automobile Holdings Ltd.641,6090.01
USD700,000Goodman HK Finance, Reg. S 4.375%
19/06/2024		733,6870.02
HKD3,102,000Guangdong Investment Ltd.4,152,4350.09
HKD390,000Guangzhou Automobile Group Co. Ltd.
‘H’		924,3470.02
HKD151,800Hang Seng Bank Ltd.3,768,7980.08
HKD404,000Hengan International Group Co. Ltd.4,485,1840.09
USD300,000HKT Capital No. 2 Ltd., Reg. S 3.625%
02/04/2025		302,6250.01
USD500,000HKT Capital No. 2 Ltd., Reg. S 3.625%
02/04/2025		503,5750.01
USD2,000,000HKT Capital No. 4 Ltd., Reg. S 3%
14/07/2026		1,911,0620.04
HKD3,568,000HKT Trust & HKT Ltd.4,547,9280.10
HKD470,000HSBC Holdings plc4,808,8990.10
HKD6,800Hong Kong Exchanges and Clearing Ltd.208,683-
USD700,000Hongkong Electric Finance Ltd., Reg. S
2.875% 03/05/2026		676,5950.01
USD500,000Hongkong Land Finance Cayman Islands
Co. Ltd. (The) 4.5% 07/10/2025		543,4920.01
HKD326,000Hopewell Holdings Ltd.1,203,6290.03
HKD383,000Hysan Development Co. Ltd.2,031,6680.04
HKD3,641,000Industrial & Commercial Bank of China
Ltd. ‘H’		2,930,8980.06
HKD958,000Jiangsu Expressway Co. Ltd. ‘H’1,458,9550.03
HKD283,000Kerry Properties Ltd.1,273,0370.03
HKD575,000Kingboard Chemical Holdings Ltd.3,109,0230.06
USD2,000,000Li & Fung Ltd., Reg. S, FRN 6%
Perpetual		2,017,0600.04
HKD710,500Longfor Properties Co. Ltd.1,780,3530.04
HKD1,030,000Sino Land Co. Ltd.1,824,3270.04
USD2,000,000Studio City Co. Ltd., Reg. S 7.25%
30/11/2021		2,118,1100.04
USD500,000Sun Hung Kai Properties Capital Market
Ltd., Reg. S 3.625% 16/01/2023		512,7640.01
HKD145,000Sun Hung Kai Properties Ltd.2,419,7750.05
HKD25,000Sunny Optical Technology Group Co.
Ltd.		319,6210.01
HKD129,500Swire Pacific Ltd. ‘A’1,199,0510.03
USD600,000Swire Pacific MTN Financing Ltd., Reg. S
3.875% 21/09/2025		620,2480.01
HKD419,200Swire Properties Ltd.1,351,9210.03
USD1,600,000Swire Properties MTN Financing Ltd.,
Reg. S 3.625% 13/01/2026		1,628,3100.03
HKD115,100Tencent Holdings Ltd.5,980,4070.13
HKD565,000Want Want China Holdings Ltd.473,6080.01
HKD1,124,000WH Group Ltd.1,268,7160.03
HKD339,000Wharf Holdings Ltd. (The)1,171,3670.02
HKD4,192,000Xinyi Glass Holdings Ltd.5,461,3300.11
HKD1,312,000Zhejiang Expressway Co. Ltd. ‘H’1,442,3030.03
ハンガリー30,658,8450.64
USD3,401,000Hungary Government Bond 6.25%
29/01/2020		3,650,0380.08
HUF826,340,000Hungary Government Bond 3.5%
24/06/2020		3,439,2380.07
HUF468,100,000Hungary Government Bond 2.5%
27/10/2021		1,920,2490.04
HUF1,995,170,000Hungary Government Bond 7%
24/06/2022		9,734,9390.20
USD2,880,000Hungary Government Bond 5.375%
21/02/2023		3,209,4720.07
HUF1,469,750,000Hungary Government Bond 3%
26/06/2024		6,220,5630.13
HUF296,800,000Hungary Government Bond 3%
27/10/2027		1,244,7760.03
HUF30,010OTP Bank plc1,239,5700.02
インド41,579,2070.87
USD4,300,000Azure Power Energy Ltd., Reg. S 5.5%
03/11/2022		4,392,0840.09
USD1,000,000Bharat Petroleum Corp. Ltd., Reg. S 4%
08/05/2025		1,020,0460.02
USD600,000Bharti Airtel International Netherlands BV,
Reg. S 5.125% 11/03/2023		637,0130.01
USD1,200,000BPRL International Singapore Pte. Ltd.,
Reg. S 4.375% 18/01/2027		1,242,3640.03
USD3,500,000GMR Hyderabad International Airport
Ltd., Reg. S 4.25% 27/10/2027		3,445,1450.07
USD1,500,000Greenko Dutch BV, Reg. S 4.875%
24/07/2022		1,523,9850.03
USD400,000Greenko Investment Co., Reg. S 4.875%
16/08/2023		397,5080.01
USD3,000,000Hindustan Petroleum Corp. Ltd., Reg. S
4% 12/07/2027		3,008,5890.06
USD2,567,000HPCL-Mittal Energy Ltd., Reg. S 5.25%
28/04/2027		2,676,5160.06
USD2,000,000Indian Oil Corp. Ltd., Reg. S 5.75%
01/08/2023		2,232,3800.05
USD2,200,000Indian Railway Finance Corp. Ltd., Reg.
S 3.835% 13/12/2027		2,197,0650.05
USD271,576Infosys Ltd., ADR4,388,6680.09
USD800,000NTPC Ltd., Reg. S 4.375% 26/11/2024844,3310.02
USD2,000,000NTPC Ltd., Reg. S 4.25% 26/02/20262,064,1700.04
USD1,500,000ONGC Videsh Ltd., Reg. S 3.75%
07/05/2023		1,527,0370.03
USD600,000ONGC Videsh Vankorneft Pte. Ltd., Reg.
S 2.875% 27/01/2022		593,6960.01
USD3,200,000Power Grid Corp. of India Ltd., Reg. S
3.875% 17/01/2023		3,292,2240.07
USD400,000Reliance Holding USA, Inc., Reg. S 5.4%
14/02/2022		434,4000.01
USD500,000Reliance Industries Ltd., Reg. S 4.125%
28/01/2025		518,5130.01
USD400,000Reliance Industries Ltd., Reg. S 4.875%
10/02/2045		444,5380.01
USD700,000Vedanta Resources plc, Reg. S 6%
31/01/2019		716,5090.02
USD2,000,000Vedanta Resources plc, Reg. S 8.25%
07/06/2021		2,221,2400.05
USD200,000Vedanta Resources plc, Reg. S 6.375%
30/07/2022		209,072-
USD800,000Vedanta Resources plc, Reg. S 7.125%
31/05/2023		859,6120.02
USD128,004Wipro Ltd., ADR692,5020.01
インドネシア134,743,1192.82
USD3,700,000ABM Investama Tbk. PT, Reg. S 7.125%
01/08/2022		3,825,2520.08
USD1,300,000Alam Synergy Pte. Ltd., Reg. S 6.625%
24/04/2022		1,283,7590.03
USD3,100,000Golden Legacy Pte. Ltd., Reg. S 8.25%
07/06/2021		3,358,9270.07
IDR2,034,800Hanjaya Mandala Sampoerna Tbk. PT709,8840.01
USD2,400,000Indika Energy Capital II Pte. Ltd., Reg. S
6.875% 10/04/2022		2,525,1120.05
USD600,000Indika Energy Capital III Pte. Ltd., Reg. S
5.875% 09/11/2024		602,2340.01
IDR64,354,000,000Indonesia Government Bond 6.625%
15/05/2033		4,642,3360.10
USD8,218,000Indonesia Government Bond, Reg. S
3.75% 25/04/2022		8,476,7770.18
USD5,463,000Indonesia Government Bond, Reg. S
3.375% 15/04/2023		5,525,2020.12
USD4,062,000Indonesia Government Bond, Reg. S
4.125% 15/01/2025		4,227,2020.09
IDR27,440,000,000Indonesia Treasury 5.25% 15/05/20182,024,6060.04
IDR163,524,000,000Indonesia Treasury 5.625% 15/05/202311,836,0110.25
IDR72,278,000,000Indonesia Treasury 8.375% 15/03/20245,937,7510.12
IDR35,271,000,000Indonesia Treasury 10% 15/09/20243,110,2240.06
IDR98,722,000,000Indonesia Treasury 7% 15/05/20277,652,8120.16
IDR23,609,000,000Indonesia Treasury 6.125% 15/05/20281,699,7190.04
IDR201,798,000,000Indonesia Treasury 7.5% 15/08/203215,781,3240.33
IDR126,920,000,000Indonesia Treasury 8.375% 15/03/203410,461,2110.22
IDR27,240,000,000Indonesia Treasury 8.25% 15/05/20362,245,2210.05
USD450,000Jababeka International BV, Reg. S 6.5%
05/10/2023		465,8840.01
USD500,000Listrindo Capital BV, Reg. S 4.95%
14/09/2026		508,5150.01
IDR625,600Matahari Department Store Tbk. PT461,4250.01
USD4,500,000Minejesa Capital BV, Reg. S 4.625%
10/08/2030		4,610,4970.10
USD3,500,000Modernland Overseas Pte. Ltd., Reg. S
6.95% 13/04/2024		3,580,9930.07
USD2,500,000PB International BV, Reg. S 7.625%
26/01/2022		2,672,1470.06
USD1,100,000Pelabuhan Indonesia II PT, Reg. S 4.25%
05/05/2025		1,126,9170.02
USD1,600,000Pelabuhan Indonesia II PT, Reg. S
5.375% 05/05/2045		1,680,4080.04
USD600,000Pertamina Persero PT, Reg. S 4.875%
03/05/2022		639,1010.01
USD10,462,000Pertamina Persero PT, Reg. S 4.3%
20/05/2023		10,959,0500.23
USD4,065,000Pertamina Persero PT, Reg. S 5.625%
20/05/2043		4,430,4600.09
USD1,500,000Perusahaan Gas Negara Persero Tbk.,
Reg. S 5.125% 16/05/2024		1,613,7390.03
USD1,100,000Pratama Agung Pte. Ltd., Reg. S 6.25%
24/02/2020		1,131,1910.02
IDR12,660,300Telekomunikasi Indonesia Persero Tbk.
PT		4,146,0190.09
IDR191,900Unilever Indonesia Tbk. PT791,2090.02
アイルランド17,319,5210.36
USD3,185,000Ardagh Packaging Finance plc, 144A 6%
15/02/2025		3,362,3250.07
EUR2,500,000Calypso Capital II Ltd., FRN, 144A
3.66% 08/01/2018		2,997,6240.06
USD8,675,000Fly Leasing Ltd. 6.375% 15/10/20219,070,1890.19
USD1,885,000Fly Leasing Ltd. 5.25% 15/10/20241,889,3830.04
マン島3,458,8100.07
GBP297,171Playtech plc3,458,8100.07
イスラエル2,107,0390.04
ILS285,780Bank Hapoalim BM2,107,0390.04
イタリア78,965,6671.65
EUR145,920Atlantia SpA4,640,4380.10
EUR42,220,000Italy Buoni Ordinari del Tesoro BOT ZCP
14/06/2018		50,718,7641.06
EUR731,098Mediobanca SpA8,299,1280.17
USD11,000,000Telecom Italia SpA, 144A 5.303%
30/05/2024		11,811,2500.25
USD3,660,000Wind Tre SpA, 144A 5% 20/01/20263,496,0870.07
日本74,031,6261.55
JPY117,700Aozora Bank Ltd.4,585,2390.10
JPY53,600Asahi Holdings, Inc.1,008,0950.02
JPY186,900Astellas Pharma, Inc.2,386,0630.05
JPY87,000Bridgestone Corp.4,048,5610.08
JPY4,400Daito Trust Construction Co. Ltd.898,0990.02
JPY166,500Japan Tobacco, Inc.5,371,0150.11
JPY40,100Kakaku.com, Inc.678,6650.01
JPY78,600Kaken Pharmaceutical Co. Ltd.4,064,0720.09
JPY10,000Kanematsu Electronics Ltd.300,2840.01
JPY15,400Kao Corp.1,042,4010.02
JPY464,000KDDI Corp.11,560,8390.24
JPY101,400Lawson, Inc.6,747,3880.14
JPY78,400Marvelous, Inc.724,3780.02
JPY80,600Mitsubishi Tanabe Pharma Corp.1,669,8580.04
JPY13,600Mitsui Sugar Co. Ltd.575,1240.01
JPY216,800Nippon Telegraph & Telephone Corp.10,210,1710.21
JPY463,300NTT DOCOMO, Inc.10,952,7480.23
JPY24,800Park24 Co. Ltd.594,2220.01
JPY20,600Start Today Co. Ltd.626,8210.01
JPY188,100Subaru Corp.5,987,5830.13
ヨルダン574,9590.01
USD550,000Jordan Government Bond, Reg. S
7.375% 10/10/2047		574,9590.01
カザフスタン11,172,6600.23
USD9,320,000Development Bank of Kazakhstan JSC,
Reg. S 4.125% 10/12/2022		9,608,4070.20
USD1,450,000Kazakhstan Government Bond, Reg. S
4.875% 14/10/2044		1,564,2530.03
ケニア共和国6,555,7890.14
USD6,342,000Kenya Government Bond, Reg. S
5.875% 24/06/2019		6,555,7890.14
クウェート14,256,7890.30
USD14,284,000Kuwait Government Bond, Reg. S 2.75%
20/03/2022		14,256,7890.30
レバノン5,617,2330.12
USD2,865,000Lebanon Government Bond, Reg. S
8.25% 12/04/2021		2,997,8500.06
USD2,380,000Lebanon Government Bond, Reg. S
6.65% 22/04/2024		2,328,2710.05
USD305,000Lebanon Government Bond, Reg. S
6.25% 04/11/2024		291,1120.01
ルクセンブルグ20,855,8940.44
USD13,220,000Altice Luxembourg SA, 144A 7.75%
15/05/2022		13,031,8130.27
USD4,690,000ArcelorMittal 6.125% 01/06/20255,410,8300.12
EUR30,017RTL Group SA2,413,2510.05
マカオ4,555,3500.10
USD4,500,000Wynn Macau Ltd., Reg. S 5.5%
01/10/2027		4,555,3500.10
マレーシア14,383,1780.30
USD1,500,000Axiata SPV2 Bhd., Reg. S 3.466%
19/11/2020		1,519,6980.03
MYR52,900British American Tobacco Malaysia Bhd.522,8560.01
USD4,800,000Gohl Capital Ltd., Reg. S 4.25%
24/01/2027		4,930,4020.10
MYR17,300Nestle Malaysia Bhd.441,1560.01
USD500,000Petronas Capital Ltd., Reg. S 5.25%
12/08/2019		521,9610.01
USD3,200,000Press Metal Labuan Ltd., Reg. S 4.8%
30/10/2022		3,232,3900.07
USD3,300,000TNB Global Ventures Capital Bhd., Reg.
S 3.244% 19/10/2026		3,214,7150.07
メキシコ40,314,0810.84
USD1,825,000Banco Mercantil del Norte SA, Reg. S,
FRN 5.75% 04/10/2031		1,849,1630.04
USD2,100,000Comision Federal de Electricidad, Reg. S
4.875% 15/01/2024		2,243,4200.05
USD3,294,399Fermaca Enterprises S de RL de CV,
Reg. S 6.375% 30/03/2038		3,559,5980.07
MXN60,684,700Mexican Bonos 4.75% 14/06/20183,048,2710.06
MXN115,704,900Mexican Bonos 6.5% 10/06/20215,678,3420.12
MXN171,160,300Mexican Bonos 8% 07/12/20238,829,5710.19
USD3,092,000Mexico Government Bond 3.625%
15/03/2022		3,208,6460.07
USD1,080,000Mexico Government Bond 4%
02/10/2023		1,132,2450.02
USD10,989,000Petroleos Mexicanos 3.5% 30/01/202310,764,8250.22
ナミビア6,532,0970.14
USD6,130,000Namibia Government Bond, Reg. S 5.5%
03/11/2021		6,532,0970.14
オランダ28,607,2810.60
EUR3,234ASML Holding NV564,6210.01
USD1,965,000Constellium NV, 144A 5.75%
15/05/2024		2,014,1250.04
USD10,563,000Koninklijke KPN NV, FRN, 144A 7%
28/03/2073		11,989,0050.25
EUR351,836PostNL NV1,724,5040.04
EUR44,532RELX NV1,026,4990.02
EUR182,583Unilever NV, CVA10,349,9090.22
USD940,000Ziggo Secured Finance BV, 144A 5.5%
15/01/2027		938,6180.02
ニュージーランド1,655,6940.04
NZD157,399Spark New Zealand Ltd.406,5560.01
NZD362,705Trade Me Group Ltd.1,249,1380.03
ナイジェリア3,518,9150.07
USD2,105,000Nigeria Government Bond, Reg. S 6.75%
28/01/2021		2,241,3090.05
USD235,000Nigeria Government Bond, Reg. S
7.875% 16/02/2032		266,274-
USD940,000Nigeria Government Bond, Reg. S
7.625% 28/11/2047		1,011,3320.02
ノルウェー21,898,5010.46
NOK270,745Leroy Seafood Group ASA1,451,3300.03
NOK309,008Marine Harvest ASA5,240,3710.11
NOK103,048Salmar ASA3,095,8920.07
NOK561,630Telenor ASA12,110,9080.25
パキスタン6,069,5310.13
USD5,849,000Pakistan Government Bond, Reg. S
7.25% 15/04/2019		6,069,5310.13
ペルー18,192,5180.38
USD1,110,000Inkia Energy Ltd., Reg. S 5.875%
09/11/2027		1,114,1240.03
PEN6,496,000Peru Government Bond 8.2%
12/08/2026		2,466,4270.05
PEN16,465,000Peru Government Bond 6.95%
12/08/2031		5,784,3780.12
PEN17,350,000Peru Government Bond 6.85%
12/02/2042		5,857,2430.12
USD2,825,000Petroleos del Peru SA, Reg. S 5.625%
19/06/2047		2,970,3460.06
ポーランド50,208,9201.05
PLN30,497Asseco Poland SA388,4560.01
PLN24,003,000Poland Government Bond ZCP
25/10/2018		6,811,7350.14
PLN10,765,000Poland Government Bond 2.25%
25/04/2022		3,061,7310.06
PLN32,940,000Poland Government Bond 2.5%
25/01/2023		9,386,6990.20
PLN31,883,000Poland Government Bond 4%
25/10/2023		9,758,4840.21
USD2,945,000Poland Government Bond 3.25%
06/04/2026		3,014,5460.06
PLN19,045,000Poland Government Bond 2.5%
25/07/2026		5,181,4020.11
PLN32,280,000Poland Government Bond 2.5%
25/07/2027		8,671,4630.18
PLN2,196,835Polskie Gornictwo Naftowe i
Gazownictwo SA		3,934,4040.08
ポルトガル352,6100.01
EUR18,147Jeronimo Martins SGPS SA352,6100.01
ルーマニア9,306,9480.20
RON4,140,000Romania Government Bond 5.6%
28/11/2018		1,096,3560.03
RON6,140,000Romania Government Bond 3.25%
22/03/2021		1,567,4610.03
RON24,020,000Romania Government Bond 5.95%
11/06/2021		6,643,1310.14
ロシア67,389,3641.41
USD570,204Gazprom PJSC, ADR2,514,6000.05
USD51,072LUKOIL PJSC, ADR2,922,3400.06
USD83,200Mobile TeleSystems PJSC, ADR844,4800.02
RUB218,537,000Russian Federal Bond - OFZ 6.2%
31/01/2018		3,777,3610.08
RUB1,114,263,000Russian Federal Bond - OFZ 7.6%
20/07/2022		19,750,2440.41
RUB125,140,000Russian Federal Bond - OFZ 7.75%
16/09/2026		2,212,7440.05
RUB287,965,000Russian Federal Bond - OFZ 8.15%
03/02/2027		5,238,8570.11
USD800,000Russian Federal Bond - OFZ, Reg. S
4.25% 23/06/2027		825,8080.02
USD1,000,000Russian Federal Bond - OFZ, Reg. S
5.25% 23/06/2047		1,047,2650.02
USD10,000,000Russian Foreign Bond - Eurobond, Reg.
S 4.875% 16/09/2023		10,837,7500.23
USD2,195,000Sberbank of Russia, Reg. S 5.717%
16/06/2021		2,364,8160.05
USD10,756,000Sberbank of Russia, Reg. S 6.125%
07/02/2022		11,753,9950.24
USD49,875Tatneft PJSC, ADR2,466,8180.05
USD765,000Vnesheconombank, Reg. S 6.025%
05/07/2022		832,2860.02
サウジアラビア12,342,9710.26
USD12,636,000Saudi Government Bond, Reg. S
2.375% 26/10/2021		12,342,9710.26
セルビア16,570,6860.35
USD13,099,000Serbia Government Bond, Reg. S
4.875% 25/02/2020		13,607,5030.29
USD2,588,000Serbia Government Bond, Reg. S 7.25%
28/09/2021		2,963,1830.06
シンガポール33,389,0570.70
SGD859,100Ascendas Real Estate Investment Trust1,748,2150.04
USD3,000,000BOC Aviation Ltd., Reg. S 3.875%
27/04/2026		3,022,0980.06
SGD1,254,200CapitaLand Ltd.3,312,2550.07
SGD1,844,200ComfortDelGro Corp. Ltd.2,731,8410.06
USD154,600Hongkong Land Holdings Ltd.1,088,3840.02
SGD1,887,800Mapletree Industrial Trust, REIT2,867,0440.06
SGD305,100Oversea-Chinese Banking Corp. Ltd.2,828,1070.06
SGD121,800Singapore Exchange Ltd.677,9580.01
SGD3,919,200Singapore Telecommunications Ltd.10,467,6200.22
SGD442,900UMS Holdings Ltd.337,9780.01
SGD3,916,800Yangzijiang Shipbuilding Holdings Ltd.4,307,5570.09
南アフリカ50,441,8491.06
ZAR43,748Barclays Africa Group Ltd.643,4160.01
USD4,205,000Eskom Holdings SOC Ltd., Reg. S
7.125% 11/02/2025		4,307,4130.09
ZAR966,855MMI Holdings Ltd.1,640,8430.04
ZAR32,048Mr Price Group Ltd.634,1950.01
ZAR480,813RMB Holdings Ltd.3,076,2610.07
ZAR409,507Sanlam Ltd.2,879,1680.06
ZAR40,391,871South Africa Government Bond 8%
21/12/2018		3,292,0380.07
USD2,222,000South Africa Government Bond 5.875%
30/05/2022		2,432,3350.05
ZAR142,911,396South Africa Government Bond 10.5%
21/12/2026		12,909,8510.27
ZAR136,830,000South Africa Government Bond 6.5%
28/02/2041		7,829,4900.16
ZAR26,610,000South Africa Government Bond 8.75%
31/01/2044		1,943,9550.04
ZAR56,035Standard Bank Group Ltd.886,0290.02
ZAR486,687Truworths International Ltd.3,715,6090.08
ZAR361,102Vodacom Group Ltd.4,251,2460.09
韓国51,617,3961.08
KRW7,005Coway Co. Ltd.641,1920.01
KRW68,567Kangwon Land, Inc.2,235,5240.05
USD1,500,000KEB Hana Bank, Reg. S 4.25%
14/10/2024		1,550,4540.03
USD3,000,000Kookmin Bank, Reg. S 2.875%
25/03/2023		2,948,2710.06
USD3,200,000Korea Development Bank (The) 2.75%
19/03/2023		3,144,7040.07
USD4,600,000Korea East-West Power Co. Ltd., Reg. S
2.625% 19/06/2022		4,502,0980.09
USD3,800,000Korea Gas Corp., Reg. S 2.75%
20/07/2022		3,744,5920.08
USD2,100,000Korea Midland Power Co. Ltd., Reg. S
2.5% 21/07/2021		2,062,7020.04
USD3,800,000KT Corp., Reg. S 2.625% 07/08/20223,712,9610.08
USD600,000KT Corp., Reg. S 2.5% 18/07/2026560,8500.01
KRW99,276KT&G Corp.10,742,6460.23
USD3,000,000NongHyup Bank, Reg. S 2.875%
17/07/2022		2,962,8900.06
KRW1,865Samsung Electronics Co. Ltd.4,452,0830.09
KRW33,406SK Telecom Co. Ltd.8,356,4290.18
スペイン61,814,4381.29
EUR17,086Amadeus IT Group SA1,235,6080.03
USD1,000,000Banco Santander SA 3.125%
23/02/2023		994,4150.02
EUR7,439Cia de Distribucion Integral Logista
Holdings SA		170,449-
EUR28,382Industria de Diseno Textil SA991,2080.02
EUR290,933Red Electrica Corp. SA6,486,5360.14
EUR42,250,000Spain Letras del Tesoro ZCP 14/09/201850,804,1511.06
USD1,000,000Telefonica Emisiones SAU 5.213%
08/03/2047		1,132,0710.02
スリランカ3,522,0320.07
USD2,557,000Sri Lanka Government Bond, Reg. S 6%
14/01/2019		2,623,2370.05
USD815,000Sri Lanka Government Bond, Reg. S
6.825% 18/07/2026		898,7950.02
国際機関800,5600.02
USD800,000International Bank for Reconstruction &
Development, FRN, 144A 6.972%
19/05/2020		800,5600.02
スウェーデン25,257,6680.53
SEK27,435Atlas Copco AB ‘A’1,186,1500.03
SEK271,031Axfood AB5,230,0150.11
SEK12,489Clas Ohlson AB ‘B’171,163-
SEK46,155Hennes & Mauritz AB ‘B’956,9890.02
SEK35,392Industrivarden AB ‘C’875,2460.02
SEK86,187Investor AB ‘B’3,934,1800.08
SEK147,513JM AB3,344,3020.07
SEK80,333SKF AB ‘B’1,782,1030.04
SEK197,901Swedish Match AB7,777,5200.16
スイス71,285,5961.49
CHF8,417Baloise Holding AG1,307,6270.03
CHF1,005EMS-Chemie Holding AG672,0790.01
CHF8,177Flughafen Zurich AG1,865,7360.04
CHF2,129Geberit AG937,7480.02
CHF4,710Kuehne + Nagel International AG833,5000.02
CHF82,667Nestle SA7,081,7280.15
CHF128,135Novartis AG10,838,9920.23
CHF1,315Partners Group Holding AG902,9540.02
CHF65,929Roche Holding AG16,622,8560.35
CHF3,769Schindler Holding AG870,0040.02
CHF123,023Swiss Re AG11,490,0590.24
CHF200,000Swiss Reinsurance Co. Ltd., FRN 7.5%
01/09/2045		226,121-
CHF19,262Swisscom AG10,247,7380.21
CHF401,704UBS Group AG7,388,4540.15
台湾59,889,1321.25
TWD863,000Catcher Technology Co. Ltd.9,538,8040.20
TWD2,312,000Chunghwa Telecom Co. Ltd.8,258,5340.17
TWD1,526,000Far EasTone Telecommunications Co.
Ltd.		3,779,6460.08
TWD376,000Formosa Chemicals & Fibre Corp.1,305,0720.03
USD500,000Formosa Group Cayman Ltd., Reg. S
3.375% 22/04/2025		500,8700.01
TWD1,281,000Foxconn Technology Co. Ltd.3,677,8840.08
TWD69,000General Interface Solution Holding Ltd.462,7130.01
TWD64,000Grape King Bio Ltd.448,5930.01
TWD2,462,000Hon Hai Precision Industry Co. Ltd.7,898,3120.16
TWD5,000Largan Precision Co. Ltd.677,3380.01
TWD1,208,169Lite-On Technology Corp.1,652,9620.03
TWD331,000Phison Electronics Corp.3,257,0180.07
TWD79,000President Chain Store Corp.756,0570.02
TWD101,000Sinbon Electronics Co. Ltd.293,7250.01
TWD599,000Taiwan Mobile Co. Ltd.2,169,9240.04
TWD602,000Taiwan Semiconductor Manufacturing
Co. Ltd.		4,655,7370.10
USD254,900Taiwan Semiconductor Manufacturing
Co. Ltd., ADR		10,129,7260.21
TWD136,000Tripod Technology Corp.426,2170.01
タイ38,998,8690.82
THB335,100Bangkok Bank PCL, NVDR2,075,7500.04
THB63,300Bumrungrad Hospital PCL, NVDR366,8720.01
THB196,900Central Pattana PCL, NVDR514,7420.01
THB270,100Hana Microelectronics PCL, NVDR368,5820.01
THB712,000PTT Exploration & Production PCL,
NVDR		2,183,3790.05
THB418,200Ratchaburi Electricity Generating Holding
PCL, NVDR		695,7170.01
THB305,200Siam Cement PCL (The), NVDR4,529,8010.10
THB853,200Siam Commercial Bank PCL (The),
NVDR		3,924,5630.08
THB254,143,000Thailand Government Bond 3.65%
17/12/2021		8,377,6320.18
THB267,281,000Thailand Government Bond 1.875%
17/06/2022		8,237,2220.17
THB79,030,000Thailand Government Bond 2%
17/12/2022		2,442,0410.05
THB174,920,000Thailand Government Bond 2.125%
17/12/2026		5,282,5680.11
トリニダード・トバゴ4,842,3620.10
USD4,714,000Trinidad & Tobago Government Bond,
Reg. S 4.5% 04/08/2026		4,842,3620.10
トルコ83,326,8081.74
TRY29,158BIM Birlesik Magazalar A/S596,1120.01
USD1,290,000Coca-Cola Icecek A/S, Reg. S 4.215%
19/09/2024		1,311,3040.03
TRY379,087Enka Insaat ve Sanayi A/S597,2390.01
USD1,140,000Export Credit Bank of Turkey, Reg. S
5.375% 24/10/2023		1,155,6180.02
TRY16,093Ford Otomotiv Sanayi A/S258,628-
TRY1,099,157Soda Sanayii A/S1,459,4800.03
TRY14,692,667Turkey Government Bond 8.8%
14/11/2018		3,728,3460.08
TRY43,235,000Turkey Government Bond 10.4%
27/03/2019		11,021,3540.23
USD795,000Turkey Government Bond 7.5%
07/11/2019		854,4460.02
USD7,113,000Turkey Government Bond 7%
05/06/2020		7,686,6630.16
USD8,841,000Turkey Government Bond 5.625%
30/03/2021		9,323,0110.19
USD1,660,000Turkey Government Bond 5.125%
25/03/2022		1,724,2010.04
TRY58,239,037Turkey Government Bond 8.5%
14/09/2022		13,484,8760.28
USD9,550,000Turkey Government Bond 3.25%
23/03/2023		9,076,7980.19
USD2,080,000Turkey Government Bond 4.25%
14/04/2026		1,987,3880.04
USD6,235,000Turkey Government Bond 6%
25/03/2027		6,650,9990.14
USD795,000Turkey Government Bond 5.75%
11/05/2047		776,9930.02
TRY1,143,011Turkiye Garanti Bankasi A/S3,231,1580.07
USD3,440,000Turkiye Garanti Bankasi A/S, Reg. S
6.25% 20/04/2021		3,641,6530.08
USD1,120,000Turkiye Is Bankasi, Reg. S 6.125%
25/04/2024		1,131,9170.02
USD3,555,000Yapi ve Kredi Bankasi A/S, Reg. S
5.75% 24/02/2022		3,628,6240.08
ウクライナ5,578,6560.12
USD5,670,000Ukraine Government Bond, Reg. S
7.375% 25/09/2032		5,578,6560.12
アラブ首長国連邦9,279,7620.19
USD3,300,000DP World Crescent Ltd., Reg. S 3.908%
31/05/2023		3,371,5930.07
USD2,300,000DP World Ltd., Reg. S 6.85%
02/07/2037		2,836,8890.06
USD3,000,000MAF Global Securities Ltd., Reg. S, FRN
5.5% Perpetual		3,071,2800.06
イギリス621,817,97613.12
GBP28,240Admiral Group plc764,7120.02
GBP674,901Ashmore Group plc3,698,0410.08
GBP94,186AstraZeneca plc6,523,9480.14
GBP344,739Barratt Developments plc3,019,2530.06
GBP308,048Beazley plc2,227,0780.05
GBP51,965Bellway plc2,504,3560.05
GBP13,174Brewin Dolphin Holdings plc69,495-
GBP140,642British American Tobacco plc9,545,8600.20
GBP1,362,390BT Group plc5,006,8030.10
GBP29,627Burberry Group plc718,1170.01
GBP336,078Capita plc1,822,4080.04
GBP7,633,296Civitas Social Housing plc, REIT ‘C’10,763,6000.23
GBP155,066Close Brothers Group plc3,037,0680.06
GBP62,113Compass Group plc1,344,2250.03
GBP243,723Crest Nicholson Holdings plc1,796,6450.04
GBP127,837Diageo plc4,711,8610.10
GBP101,391Dunelm Group plc949,7050.02
GBP41,630Experian plc921,2110.02
GBP11,548Ferguson plc832,5370.02
USD6,120,000Fiat Chrysler Automobiles NV 5.25%
15/04/2023		6,417,7070.13
GBP681,575GlaxoSmithKline plc12,192,1050.25
GBP25,789Greggs plc488,0020.01
GBP208,752Halfords Group plc987,6880.02
GBP954,680Hansteen Holdings plc, REIT1,846,5590.04
GBP33,668Hargreaves Lansdown plc820,6190.02
GBP485,484HSBC Holdings plc5,035,9690.11
GBP477,144IG Group Holdings plc4,630,6370.10
GBP260,813IMI plc4,702,5000.10
GBP272,231Imperial Brands plc11,657,8340.24
GBP132,761Inchcape plc1,405,1550.03
GBP202,461Informa plc1,977,1880.04
GBP11,421Intertek Group plc801,7540.02
GBP889,451Investec plc6,436,4320.13
USD21,865,623iShares $ Floating Rate Bond Fund -
USD (Dist) Share Class		109,847,4242.30
USD479,819iShares $ High Yield Corp. Bond Fund -
USD (Dist) Share Class		49,766,8271.04
GBP254,455iShares $ Short Duration High Yield
Corp. Bond Fund - USD (Dist) Share
Class		23,705,1100.50
USD521,703iShares $ Short Duration High Yield
Corp. Bond Fund - USD (Dist) Share
Class		48,612,2861.02
GBP1,147,983ITV plc2,569,8210.05
GBP181,602Jupiter Fund Management plc1,543,8150.03
GBP3,414,427Legal & General Group plc12,621,9610.26
GBP915,146Meggitt plc5,968,7990.12
GBP49,549Mondi plc1,294,1560.03
GBP127,504Next plc7,803,9010.16
GBP69,067Reckitt Benckiser Group plc6,463,7310.14
GBP422,342Restaurant Group plc (The)1,719,4920.04
GBP159,231Rio Tinto plc8,490,1160.18
GBP148,730Royal Dutch Shell plc ‘A’4,989,0700.10
GBP417,884Royal Mail plc2,557,6650.05
GBP13,359,971Schroder European Real Estate
Investment Trust plc		19,516,3520.41
GBP28,598,563Schroder Real Estate Investment Trust
Ltd.		23,402,8620.49
USD2,471,628Source Morningstar US Energy
Infrastructure MLP Fund - Class B		142,044,4612.97
GBP8,175,212Triple Point Social Housing REIT plc11,541,5700.24
GBP66,563Ultra Electronics Holdings plc1,212,7460.03
GBP75,866Unilever plc4,233,4380.09
USD4,000,000Virgin Media Finance plc, 144A 5.75%
15/01/2025		4,071,9600.09
GBP451,162WPP plc8,183,3410.17
アメリカ合衆国988,237,13120.69
USD15,9103M Co.3,750,3050.08
USD755,000Abbott Laboratories 4.75% 30/11/2036845,0000.02
USD113,800AbbVie, Inc.11,128,5020.23
USD127,000AbbVie, Inc. 2.9% 06/11/2022127,256-
USD1,073,000AbbVie, Inc. 3.6% 14/05/20251,100,5120.02
USD19,727Accenture plc ‘A’3,029,4750.06
USD6,000,000AES Corp. 4.875% 15/05/20236,150,6900.13
USD770,000Aflac, Inc. 4% 15/10/2046803,7720.02
USD3,744Agree Realty Corp., REIT192,741-
USD1,935,000AK Steel Corp. 7% 15/03/20271,975,4120.04
USD5,697Alexander & Baldwin, Inc., REIT157,921-
USD489Alexander’s, Inc., REIT194,329-
USD11,192Alexandria Real Estate Equities, Inc.,
REIT		1,462,4590.03
USD2,145Align Technology, Inc.485,8000.01
USD1,555,000Allergan Funding SCS 3.8% 15/03/20251,582,7570.03
USD600,000Alliance One International, Inc. 9.875%
15/07/2021		555,3930.01
USD12,900,000Ally Financial, Inc. 5.75% 20/11/202514,026,2990.29
USD9,840Alphabet, Inc. ‘A’10,390,5480.22
USD156,715Altria Group, Inc.11,169,0780.23
USD4,718American Assets Trust, Inc., REIT181,218-
USD16,387American Campus Communities, Inc.,
REIT		669,9010.01
USD89,500American Eagle Outfitters, Inc.1,703,1850.04
USD27,667American Homes 4 Rent, REIT ‘A’605,6310.01
USD2,000,000American Tower Corp., REIT 3.375%
15/10/2026		1,961,7300.04
USD2,855,000AmeriGas Partners LP 5.75%
20/05/2027		2,876,4120.06
USD74,855Amgen, Inc.13,118,3390.27
USD284,000Amphenol Corp. 3.2% 01/04/2024285,1930.01
USD500,000Anadarko Petroleum Corp. 4.85%
15/03/2021		528,6270.01
USD270,000Anadarko Petroleum Corp. 5.55%
15/03/2026		302,7710.01
USD18,902Apartment Investment & Management
Co., REIT ‘A’		823,9380.02
USD25,856Apple Hospitality REIT, Inc.511,9490.01
USD68,317Apple, Inc.11,687,6720.24
USD23,275Applied Materials, Inc.1,203,7830.03
USD87,600Archer-Daniels-Midland Co.3,527,6520.07
USD5,811Armada Hoffler Properties, Inc., REIT90,012-
USD263,458AT&T, Inc.10,322,2840.22
USD945,000AT&T, Inc. 4.9% 14/08/2037955,1490.02
USD2,055,000AT&T, Inc. 4.9% 14/08/20372,076,7630.04
USD135,000AT&T, Inc. 5.15% 15/03/2042138,891-
USD5,738Automatic Data Processing, Inc.673,1250.01
USD16,328AvalonBay Communities, Inc., REIT2,915,8540.06
USD105,000Bank of America Corp.3,129,0000.07
USD6,970,000Bank of America Corp., FRN 5.2%
Perpetual		7,162,0230.15
USD2,250,000Becton Dickinson and Co. 3.363%
06/06/2024		2,252,4410.05
USD6,855Best Buy Co., Inc.469,0190.01
USD4,478Biogen, Inc.1,434,4380.03
USD4,821Bluerock Residential Growth REIT, Inc.49,753-
USD17,600Boeing Co. (The)5,215,7600.11
USD425,000Boston Properties LP, REIT 3.2%
15/01/2025		422,9900.01
USD18,349Boston Properties, Inc., REIT2,364,0850.05
USD5,995,000Boyd Gaming Corp. 6.875% 15/05/20236,365,7910.13
USD21,815Brandywine Realty Trust, REIT397,4690.01
USD35,234Bristol-Myers Squibb Co.2,176,4040.05
USD37,233Brixmor Property Group, Inc., REIT688,0660.01
USD31,700Buckle, Inc. (The)776,6500.02
USD230,000Bunge Ltd. Finance Corp. 3%
25/09/2022		228,2070.01
USD262,100CA, Inc.8,780,3500.18
USD18,173Cadence Design Systems, Inc.768,5360.02
USD5,500,000Calpine Corp. 5.75% 15/01/20255,217,0250.11
USD11,031Camden Property Trust, REIT1,011,9840.02
USD227,017Campbell Soup Co.11,001,2440.23
USD1,105,000Capital One Bank USA NA 3.375%
15/02/2023		1,113,2490.02
USD935,000Capital One Financial Corp. 3.05%
09/03/2022		940,6710.02
USD1,200,000Cardinal Health, Inc. 3.079% 15/06/20241,179,7620.03
USD10,255CareTrust REIT, Inc.172,387-
USD232,000CBL & Associates LP, REIT 4.6%
15/10/2024		207,862-
USD104,000CBL & Associates LP, REIT 5.95%
15/12/2026		96,959-
USD23,141CBL & Associates Properties, Inc., REIT131,209-
USD13,398Cedar Realty Trust, Inc., REIT81,862-
USD10,688Celgene Corp.1,119,5680.02
USD5,678Chatham Lodging Trust, REIT131,219-
USD7,727,000Chesapeake Energy Corp. 5.375%
15/06/2021		7,499,0920.16
USD7,693Chesapeake Lodging Trust, REIT210,865-
USD39,830Chevron Corp.5,001,8510.11
USD6,000,000CHS 7.125% 15/07/20204,486,8600.09
USD5,070,000CHS 6.25% 31/03/20234,576,3590.10
USD223,900Cisco Systems, Inc.8,640,3010.18
USD34,300Citigroup, Inc.2,575,2440.05
USD3,550Clipper Realty, Inc., REIT35,038-
USD19,500CNA Financial Corp.1,032,1350.02
USD150,400Coca-Cola Co. (The)6,876,2880.14
USD66,601Colony NorthStar, Inc., REIT ‘A’768,5760.02
USD14,817Columbia Property Trust, Inc., REIT340,4950.01
USD2,746Community Healthcare Trust, Inc.77,602-
USD2,900,000Continental Resources, Inc. 5%
15/09/2022		2,950,9530.06
USD14,954CoreCivic, Inc., REIT334,3710.01
USD12,270Corporate Office Properties Trust, REIT359,6340.01
USD11,039Costco Wholesale Corp.2,060,0980.04
USD50,762Cousins Properties, Inc., REIT476,1480.01
USD4,930,000Crestwood Midstream Partners LP
6.25% 01/04/2023		5,151,8500.11
USD1,345,000Crown Castle International Corp., REIT
3.2% 01/09/2024		1,327,8580.03
USD750,000Crown Castle International Corp., REIT
3.7% 15/06/2026		750,1760.02
USD22,649CubeSmart, REIT657,5000.01
USD55,550Cummins, Inc.9,843,4600.21
USD110,600CVS Health Corp.8,079,3300.17
USD902,000CVS Health Corp. 3.875% 20/07/2025927,6080.02
USD11,335CyrusOne, Inc., REIT674,3190.01
USD7,920,000DaVita, Inc. 5.125% 15/07/20248,052,5410.17
USD11,750DCT Industrial Trust, Inc., REIT693,9550.01
USD38,383DDR Corp., REIT341,2250.01
USD1,450,000Devon Energy Corp. 5.85% 15/12/20251,691,8890.04
USD25,841DiamondRock Hospitality Co., REIT295,6210.01
USD1,175,000Digital Realty Trust LP, REIT 4.75%
01/10/2025		1,279,7750.03
USD108,000Digital Realty Trust LP, REIT 3.7%
15/08/2027		108,877-
USD515,000Digital Realty Trust LP, REIT 3.7%
15/08/2027		519,1300.01
USD24,485Digital Realty Trust, Inc., REIT2,792,0250.06
USD1,030,000Discover Bank 4.2% 08/08/20231,081,7730.02
USD18,468Douglas Emmett, Inc., REIT758,8500.02
USD949DowDuPont, Inc.67,863-
USD196,600DSW, Inc. ‘A’4,205,2740.09
USD43,593Duke Realty Corp., REIT1,190,0890.03
USD360,000Duke Realty LP, REIT 3.375%
15/12/2027		359,9330.01
USD1,105,000Dynegy, Inc. 7.375% 01/11/20221,169,2940.02
USD2,860,000Dynegy, Inc. 7.625% 01/11/20243,090,5730.06
USD5,563Easterly Government Properties, Inc.,
REIT		118,881-
USD4,540EastGroup Properties, Inc., REIT403,3340.01
USD142,200Eaton Corp. plc11,114,3520.23
USD12,505Eaton Vance Corp.709,9090.02
USD8,959Education Realty Trust, Inc., REIT312,4900.01
USD4,275,000EMC Corp. 3.375% 01/06/20234,123,0450.09
USD59,866Emerson Electric Co.4,189,4230.09
USD14,348Empire State Realty Trust, Inc., REIT ‘A’295,4250.01
USD3,435,000Energy Transfer Equity LP 5.875%
15/01/2024		3,622,9290.08
USD1,500,000Energy Transfer LP 4.05% 15/03/20251,497,4130.03
USD274,000Ensco plc 5.75% 01/10/2044189,060-
USD8,069EPR Properties, REIT528,1160.01
USD2,550,000EQT Corp. 3.9% 01/10/20272,530,8110.05
USD14,707Equity Commonwealth, REIT450,9170.01
USD10,343Equity LifeStyle Properties, Inc., REIT920,1130.02
USD43,449Equity Residential, REIT2,791,5980.06
USD7,825Essex Property Trust, Inc., REIT1,885,1210.04
USD8,526Estee Lauder Cos., Inc. (The) ‘A’1,090,3900.02
USD6,600Everest Re Group Ltd.1,468,9620.03
USD12,625Expeditors International of Washington,
Inc.		825,1700.02
USD15,297Extra Space Storage, Inc., REIT1,342,4650.03
USD97,500Exxon Mobil Corp.8,191,9500.17
USD5,892F5 Networks, Inc.778,2150.02
USD7,292Farmland Partners, Inc.64,388-
USD14,544Fastenal Co.801,9560.02
USD8,615Federal Realty Investment Trust, REIT1,151,0500.02
USD147,200Federated Investors, Inc. ‘B’5,337,4720.11
USD28,100First American Financial Corp.1,581,4680.03
USD31,600Foot Locker, Inc.1,488,0440.03
USD750,000Ford Motor Credit Co. LLC 3.096%
04/05/2023		744,9040.02
USD32,116Forest City Realty Trust, Inc., REIT ‘A’775,2800.02
USD8,066Four Corners Property Trust, Inc., REIT208,829-
USD14,700Franklin Street Properties Corp., REIT158,613-
USD1,415,000Freeport-McMoRan, Inc. 5.45%
15/03/2043		1,403,2560.03
USD267,000GameStop Corp. ‘A’4,851,3900.10
USD24,380Gaming and Leisure Properties, Inc.,
REIT		901,5720.02
USD185,400Gap, Inc. (The)6,385,1760.13
USD143,400Garmin Ltd.8,571,0180.18
USD2,503General Dynamics Corp.510,2620.01
USD207,038General Mills, Inc.12,329,1130.26
USD1,105,000General Motors Financial Co., Inc.
4.375% 25/09/2021		1,158,4990.02
USD45,400Gentex Corp.956,1240.02
USD15,684GEO Group, Inc. (The), REIT370,1420.01
USD4,315Getty Realty Corp., REIT117,843-
USD75,118GGP, Inc., REIT1,759,2640.04
USD132,457Gilead Sciences, Inc.9,600,4830.20
USD3,717Gladstone Commercial Corp., REIT78,615-
USD3,535Gladstone Land Corp., REIT47,546-
USD8,779Global Net Lease, Inc., REIT182,340-
USD600,000Goldman Sachs Group, Inc. (The) 3%
26/04/2022		602,3880.01
USD570,000Goldman Sachs Group, Inc. (The) 3.75%
22/05/2025		587,2680.01
USD12,676Government Properties Income Trust,
REIT		236,7880.01
USD18,449Gramercy Property Trust, REIT494,4330.01
USD192,200H&R Block, Inc.5,106,7540.11
USD239,000Hartford Financial Services Group, Inc.
(The) 5.125% 15/04/2022		260,9280.01
USD5,423Hasbro, Inc.496,3130.01
USD7,775,000HCA, Inc. 5.25% 15/04/20258,259,3820.17
USD8,015,000HCA, Inc. 4.5% 15/02/20278,109,3770.17
USD11,575HCI Group, Inc.344,0090.01
USD56,506HCP, Inc., REIT1,470,8510.03
USD15,126Healthcare Realty Trust, Inc., REIT485,6960.01
USD24,341Healthcare Trust of America, Inc., REIT
‘A’		731,6900.02
USD4,650,000HealthSouth Corp. 5.125% 15/03/20234,777,8750.10
USD645,000Hewlett Packard Enterprise Co. 3.6%
15/10/2020		659,2030.01
USD479,000Hexcel Corp. 3.95% 15/02/2027488,3380.01
USD12,380Highwoods Properties, Inc., REIT630,8850.01
USD13,751Honeywell International, Inc.2,119,4420.04
USD20,175Hospitality Properties Trust, REIT607,2670.01
USD88,769Host Hotels & Resorts, Inc., REIT1,786,0320.04
USD272,500HP, Inc.5,763,3750.12
USD18,889Hudson Pacific Properties, Inc., REIT646,1930.01
USD6,859Illinois Tool Works, Inc.1,143,4640.02
USD329,558Intel Corp.15,232,1710.32
USD81,584International Business Machines Corp.12,567,1990.26
USD1,285,000International Game Technology plc, 144A
6.5% 15/02/2025		1,442,5280.03
USD9,627Intuit, Inc.1,526,6500.03
USD3,256Intuitive Surgical, Inc.1,201,0410.03
USD16,638Investors Real Estate Trust, REIT95,668-
USD34,997Invitation Homes, Inc., REIT825,9290.02
USD32,105Iron Mountain, Inc., REIT1,219,3480.03
USD9,780iStar, Inc., REIT111,199-
USD6,781JB Hunt Transport Services, Inc.781,4420.02
USD11,648JBG SMITH Properties, REIT405,3500.01
USD3,430,000JC Penney Corp., Inc. 5.65%
01/06/2020		3,158,7380.07
USD4,800,000JC Penney Corp., Inc. 6.375%
15/10/2036		2,928,0000.06
USD60,300JM Smucker Co. (The)7,530,8670.16
USD123,678Johnson & Johnson17,384,1800.36
USD5,505,000Jones Energy Holdings LLC 6.75%
01/04/2022		4,156,2750.09
USD20,600JPMorgan Chase & Co.2,220,4740.05
USD150,500Kellogg Co.10,238,5150.21
USD95,200KeyCorp Preference, FRN 6.125%2,726,5280.06
USD570,000Keysight Technologies, Inc. 4.6%
06/04/2027		601,8000.01
USD11,912Kilroy Realty Corp., REIT885,6570.02
USD105,468Kimberly-Clark Corp.12,680,4180.27
USD51,545Kimco Realty Corp., REIT946,8820.02
USD420,000Kinder Morgan, Inc. 4.3% 01/06/2025436,0860.01
USD10,951Kite Realty Group Trust, REIT214,421-
USD5,200KLA-Tencor Corp.560,8200.01
USD40,600Kohl’s Corp.2,220,0080.05
USD820,000Kroger Co. (The) 4.45% 01/02/2047818,2700.02
USD7,850,000L Brands, Inc. 6.75% 01/07/20367,850,0000.16
USD48,768LaSalle Hotel Properties, REIT1,384,5240.03
USD4,400Lear Corp.790,1960.02
USD26,438Lexington Realty Trust, REIT255,9200.01
USD17,323Liberty Property Trust, REIT750,9520.02
USD5,918Life Storage, Inc., REIT529,1280.01
USD1,750,000Lockheed Martin Corp. 3.1%
15/01/2023		1,778,6910.04
USD500,000Lockheed Martin Corp. 4.7%
15/05/2046		580,3600.01
USD17,322Lowe’s Cos., Inc.1,608,5210.03
USD5,002LTC Properties, Inc., REIT219,038-
USD113,649LyondellBasell Industries NV ‘A’12,633,2230.26
USD13,229Macerich Co. (The), REIT873,2460.02
USD11,554Mack-Cali Realty Corp., REIT252,8020.01
USD3,713Marsh & McLennan Cos., Inc.304,3550.01
USD25,893Mastercard, Inc. ‘A’3,929,7810.08
USD5,424MedEquities Realty Trust, Inc., REIT60,640-
USD44,836Medical Properties Trust, Inc., REIT617,3920.01
USD1,315,000Medtronic, Inc. 3.5% 15/03/20251,364,7530.03
USD5,920,000Men’s Wearhouse, Inc. (The) 7%
01/07/2022		5,939,0620.12
USD2,569MercadoLibre, Inc.810,6990.02
USD211,200Merck & Co., Inc.11,953,9200.25
USD55,900Meredith Corp.3,742,5050.08
USD5,210,000Meritor, Inc. 6.25% 15/02/20245,492,0950.12
USD4,134,000MetLife, Inc. 6.4% 15/12/20664,777,9530.10
USD1,432Mettler-Toledo International, Inc.891,5630.02
USD2,470,000MGM Resorts International 4.625%
01/09/2026		2,494,1570.05
USD12,153Michael Kors Holdings Ltd.772,3230.02
USD239,881Microsoft Corp.20,562,5990.43
USD13,562Mid-America Apartment Communities,
Inc., REIT		1,363,7950.03
USD1,055,000Molson Coors Brewing Co. 3%
15/07/2026		1,030,5980.02
USD11,244Monmouth Real Estate Investment Corp.,
REIT		198,681-
USD11,893Monsanto Co.1,382,7990.03
USD13,386Monster Beverage Corp.842,2470.02
USD356,000Moody’s Corp. 2.75% 15/12/2021356,8210.01
USD3,141,000Morgan Stanley 3.875% 27/01/20263,259,6510.07
USD681,000MPLX LP 5.2% 01/03/2047741,8980.02
USD2,640,000MPT Operating Partnership LP, REIT
6.375% 01/03/2024		2,808,5110.06
USD870,000MPT Operating Partnership LP, REIT
5.5% 01/05/2024		905,3610.02
USD3,725,000MPT Operating Partnership LP, REIT 5%
15/10/2027		3,813,4690.08
USD2,025,000Murphy Oil Corp. 6.875% 15/08/20242,167,8940.05
USD290,000Nabors Industries, Inc. 5.5% 15/01/2023281,8890.01
USD5,095National Health Investors, Inc., REIT385,4370.01
USD18,119National Retail Properties, Inc., REIT781,4720.02
USD6,123National Storage Affiliates Trust, REIT168,934-
USD5,000,000NCR Corp. 6.375% 15/12/20235,248,4750.11
USD11,281New Senior Investment Group, Inc., REIT85,848-
USD870,000Newell Brands, Inc. 3.85% 01/04/2023900,5760.02
USD880,000Newell Brands, Inc. 4.2% 01/04/2026919,2610.02
USD3,088NexPoint Residential Trust, Inc., REIT87,915-
USD35,537NIKE, Inc. ‘B’2,237,0540.05
USD1,000,000Noble Energy, Inc. 3.9% 15/11/20241,031,1100.02
USD8,013NorthStar Realty Europe Corp., REIT108,736-
USD6,105,000NRG Energy, Inc. 7.25% 15/05/20266,669,7130.14
USD13,507NVIDIA Corp.2,666,2820.06
USD242NVR, Inc.853,2270.02
USD2,065,000Oasis Petroleum, Inc. 6.875%
15/03/2022		2,120,9310.04
USD2,000,000Oasis Petroleum, Inc. 6.875%
15/01/2023		2,045,5300.04
USD24,163Omega Healthcare Investors, Inc., REIT664,4820.01
USD55,900Omnicom Group, Inc.4,103,0600.09
USD2,052One Liberty Properties, Inc., REIT54,111-
USD4,241O’Reilly Automotive, Inc.1,027,8490.02
USD17,710Park Hotels & Resorts, Inc., REIT511,9960.01
USD50,313Paychex, Inc.3,438,3900.07
USD8,831Pebblebrook Hotel Trust, REIT333,8120.01
USD17,600PepsiCo, Inc.2,100,5600.04
GBP74,435Persimmon plc2,756,6400.06
USD323,600Pfizer, Inc.11,769,3320.25
USD64,200Philip Morris International, Inc.6,728,8020.14
USD602,000Philip Morris International, Inc. 1.625%
21/02/2019		598,8430.01
USD17,812Piedmont Office Realty Trust, Inc., REIT
‘A’		350,3620.01
USD605,000PNC Bank NA 2.95% 23/02/2025604,0020.01
USD7,296Praxair, Inc.1,132,9960.02
USD4,942Preferred Apartment Communities, Inc.,
REIT ‘A’		101,212-
USD851Priceline Group, Inc. (The)1,501,2410.03
USD81,800Principal Financial Group, Inc.5,839,7020.12
USD141,170Procter & Gamble Co. (The)12,997,5220.27
USD63,634Prologis, Inc., REIT4,120,9380.09
USD2,178PS Business Parks, Inc., REIT272,8380.01
USD22,307Public Storage, REIT4,667,5170.10
USD6,337QTS Realty Trust, Inc., REIT ‘A’346,7610.01
USD171,600QUALCOMM, Inc.11,047,6080.23
USD12,417Quality Care Properties, Inc., REIT171,355-
USD10,781Ramco-Gershenson Properties Trust,
REIT		159,774-
USD32,784Realty Income Corp., REIT1,872,6220.04
USD6,820Red Hat, Inc.826,1070.02
USD17,842Regency Centers Corp., REIT1,238,5920.03
USD1,456Regeneron Pharmaceuticals, Inc.557,3860.01
USD1,000,000Regions Financial Corp. 2.75%
14/08/2022		994,1850.02
USD14,020Retail Opportunity Investments Corp.,
REIT		280,5400.01
USD28,671Retail Properties of America, Inc., REIT
‘A’		383,6180.01
USD9,843Rexford Industrial Realty, Inc., REIT288,4980.01
USD2,750,000Reynolds American, Inc. 4% 12/06/20222,873,5440.06
USD21,572RLJ Lodging Trust, REIT483,4290.01
USD13,769Robert Half International, Inc.771,4770.02
USD5,826Rockwell Automation, Inc.1,150,8100.02
USD825,000Rockwell Collins, Inc. 3.5% 15/03/2027837,9900.02
USD14,650Rollins, Inc.682,3970.01
USD200,000Roper Technologies, Inc. 2.8%
15/12/2021		200,210-
USD17,488Ross Stores, Inc.1,409,7080.03
USD6,321Ryman Hospitality Properties, Inc., REIT441,2690.01
USD20,062Sabra Health Care REIT, Inc.381,1780.01
USD65,600Seagate Technology plc2,756,5120.06
USD7,548Select Income REIT191,493-
USD8,000,000Select Medical Corp. 6.375%
01/06/2021		8,203,9200.17
USD29,362Senior Housing Properties Trust, REIT564,3380.01
USD3,276Seritage Growth Properties, REIT ‘A’134,611-
USD478Sherwin-Williams Co. (The)197,447-
USD2,000,000Sherwin-Williams Co. (The) 3.45%
01/06/2027		2,030,0700.04
USD36,890Simon Property Group, Inc., REIT6,313,7230.13
USD6,792Skyworks Solutions, Inc.655,7000.01
USD11,892SL Green Realty Corp., REIT1,200,2600.03
USD2,950,000SM Energy Co. 6.75% 15/09/20263,053,2500.06
USD1,085,000Southwestern Energy Co. 7.5%
01/04/2026		1,154,4890.02
USD1,810,000Southwestern Energy Co. 7.75%
01/10/2027		1,928,5010.04
USD950,000Spectrum Capital Ltd., FRN, 144A
4.861% 08/06/2021		954,0370.02
USD850,000Spectrum Capital Ltd., FRN, 144A
7.111% 08/06/2021		829,9400.02
USD56,213Spirit Realty Capital, Inc., REIT481,7450.01
USD17,965,000Sprint Corp. 7.875% 15/09/202319,130,0300.40
USD12,389STAG Industrial, Inc., REIT340,9450.01
USD43,326Starbucks Corp.2,504,6760.05
USD20,286STORE Capital Corp., REIT528,0450.01
USD6,325,000Suburban Propane Partners LP 5.5%
01/06/2024		6,278,7010.13
USD13,796Summit Hotel Properties, Inc., REIT212,596-
USD9,403Sun Communities, Inc., REIT868,6490.02
USD28,025Sunstone Hotel Investors, Inc., REIT469,4190.01
USD485,000SunTrust Banks, Inc. 2.7% 27/01/2022483,8990.01
USD10,962T Rowe Price Group, Inc.1,154,7370.02
USD12,177Tanger Factory Outlet Centers, Inc., REIT322,6900.01
USD14,066Target Corp.911,7580.02
USD7,633Taubman Centers, Inc., REIT501,1060.01
USD5,215,000Tenet Healthcare Corp. 6.75%
15/06/2023		5,053,0480.11
USD7,270Terreno Realty Corp., REIT256,3400.01
USD30,485Texas Instruments, Inc.3,195,4380.07
USD6,868Tier REIT, Inc.141,343-
USD23,797TJX Cos., Inc. (The)1,817,6150.04
USD86,900Tupperware Brands Corp.5,383,4550.11
USD1,120,000Tyson Foods, Inc. 3.55% 02/06/20271,145,7880.02
USD31,696UDR, Inc., REIT1,224,1000.03
USD4,880UMH Properties, Inc., REIT73,054-
USD10,192Union Pacific Corp.1,377,1430.03
USD1,250,000United Rentals North America, Inc.
4.625% 15/10/2025		1,264,6500.03
USD2,505,000United Rentals North America, Inc.
4.875% 15/01/2028		2,525,6410.05
USD275,000United States Steel Corp. 7.375%
01/04/2020		299,2140.01
USD5,100,000United States Steel Corp. 6.875%
15/08/2025		5,321,9140.11
USD5,097United Therapeutics Corp.760,6760.02
USD42,700Universal Corp.2,239,6150.05
USD1,699Universal Health Realty Income Trust,
REIT		127,510-
USD13,331Urban Edge Properties, REIT339,6740.01
USD4,371Urstadt Biddle Properties, Inc., REIT ‘A’95,113-
USD1,165,000US Treasury 2.25% 15/11/20271,145,9780.02
USD5,000,000US Treasury Bill ZCP 11/01/20184,998,1760.10
USD3,000,000US Treasury Bill ZCP 18/01/20182,998,1250.06
USD4,500,000US Treasury Bill ZCP 25/01/20184,496,2690.09
USD20,030,000US Treasury Bill ZCP 12/04/201819,934,1580.42
USD86,400Valero Energy Corp.7,974,7200.17
USD780,000Valero Energy Corp. 3.4% 15/09/2026781,7160.02
USD59,300Validus Holdings Ltd.2,798,3670.06
USD6,636Varian Medical Systems, Inc.745,1560.02
USD635,000Ventas Realty LP, REIT 3.5%
01/02/2025		639,4890.01
USD1,000,000Ventas Realty LP, REIT 3.85%
01/04/2027		1,016,2750.02
USD42,502Ventas, Inc., REIT2,568,3960.05
USD116,229VEREIT, Inc., REIT899,6120.02
USD147,400Verizon Communications, Inc.7,875,5820.17
USD966,000Verizon Communications, Inc. 2.625%
15/08/2026		907,8900.02
USD1,198,000Verizon Communications, Inc. 4.272%
15/01/2036		1,187,1340.03
USD27,898Visa, Inc. ‘A’3,190,1360.07
USD355,000VMware, Inc. 2.3% 21/08/2020352,8790.01
USD20,580Vornado Realty Trust, REIT1,606,6810.03
USD146,200Waddell & Reed Financial, Inc. ‘A’3,288,0380.07
USD30,095Wal-Mart Stores, Inc.2,991,4430.06
USD24,240Walt Disney Co. (The)2,612,3450.05
USD24,934Washington Prime Group, Inc., REIT178,777-
USD8,960Washington Real Estate Investment Trust280,3580.01
USD1,695,000Waste Management, Inc. 3.15%
15/11/2027		1,691,2630.04
USD14,888Weingarten Realty Investors, REIT489,0710.01
USD99,500Wells Fargo & Co.6,099,3500.13
USD43,977Welltower, Inc., REIT2,802,2140.06
USD262,200Western Union Co. (The)5,000,1540.10
USD3,020Wheeler Real Estate Investment Trust,
Inc.		30,653-
USD6,217Whitestone REIT90,955-
USD2,700,000Whiting Petroleum Corp. 5.75%
15/03/2021		2,773,3450.06
USD1,745,000Williams Partners LP 4% 15/09/20251,790,0650.04
USD58,200Williams-Sonoma, Inc.3,060,1560.06
USD12,390WP Carey, Inc., REIT858,1310.02
USD3,469WW Grainger, Inc.825,4830.02
USD13,454Xenia Hotels & Resorts, Inc., REIT296,6610.01
USD14,560Yum! China Holdings, Inc.592,3010.01
USD1,010,000Zoetis, Inc. 3% 12/09/2027985,0730.02
公的取引所への上場承認を受けた
譲渡可能証券および短期金融市場証券の合計		3,576,900,34674.86
*公正価値に基づき評価されております。
株式数または元本額その他の規制市場で取引される
譲渡可能証券および短期金融市場証券		評価額
(米ドル)		純資産構成比
(%)
アルゼンチン17,156,3590.36
USD5,382,000City of Buenos Aires Argentina, Reg. S
8.95% 19/02/2021		5,969,4450.13
USD1,740,000City of Buenos Aires Argentina, Reg. S
7.5% 01/06/2027		1,937,7950.04
USD6,688,000Provincia de Buenos Aires, Reg. S 6.5%
15/02/2023		7,174,7190.15
USD1,950,000YPF SA, Reg. S 6.95% 21/07/20272,074,4000.04
オーストラリア8,719,7750.18
USD1,410,000Boral Finance Pty. Ltd., 144A 3%
01/11/2022		1,398,9390.03
USD3,500,000Newcrest Finance Pty. Ltd., Reg. S
5.75% 15/11/2041		3,999,8520.08
USD1,500,000Sydney Airport Finance Co. Pty. Ltd.,
Reg. S 3.625% 28/04/2026		1,512,0380.03
USD1,800,000Woodside Finance Ltd., Reg. S 3.7%
15/09/2026		1,808,9460.04
バミューダ45,696,9420.96
USD500,000Acorn Re Ltd., FRN, 144A 4.546%
17/07/2018		504,2250.01
USD1,650,000Akibare Re Ltd., FRN, 144A 3.689%
07/04/2023		1,674,6670.04
USD600,000Aozora Re Ltd., FRN, 144A 3.219%
07/04/2021		603,9300.01
USD3,200,000Aozora Re Ltd., FRN, 144A 3.549%
07/04/2023		3,232,4800.07
USD250,000Bonanza RE Ltd., FRN, 144A 6.108%
30/12/2022		233,5630.01
USD650,000Buffalo RE Ltd., FRN, 144A 8.141%
07/04/2020		642,0050.01
USD1,100,000Citrus Re Ltd., FRN, 144A 7.076%
18/03/2020		1,048,0800.02
USD2,000,000Citrus Re Ltd., FRN, 144A 6.217%
09/04/2020		2,023,5000.04
USD1,000,000Citrus Re Ltd., FRN, 144A 8.171%
09/04/2020		1,016,9500.02
USD2,800,000Citrus Re Ltd., FRN, 144A 8.797%
25/02/2021		2,696,4000.06
USD800,000Citrus Re Ltd., FRN, 144A 12.087%
25/02/2021		595,2000.01
USD8,270Eden Re II Ltd., 144A ZCP 23/04/2019141,964-
USD1,294,794Fortius RE II Ltd., FRN, 144A 4.803%
07/07/2024		1,311,5610.03
USD750,000Galilei Re Ltd., FRN, 144A 6.375%
08/01/2023		752,5870.02
USD400,000Galilei Re Ltd., FRN, 144A 7.375%
08/01/2023		395,7000.01
USD1,750,000Galilei Re Ltd., FRN, 144A 6.449%
08/01/2024		1,757,0000.04
USD1,000,000Galilei Re Ltd., FRN, 144A 9.145%
08/01/2024		969,6000.02
USD4,250,000Galileo Re Ltd., FRN, 144A 14.562%
08/01/2018		4,240,4380.09
USD1,650,000Integrity Re Ltd., FRN, 144A 5.573%
10/06/2024		1,648,2670.04
USD2,500,000Kilimanjaro II Re Ltd., FRN, 144A
7.209% 20/04/2021		2,432,6250.05
USD1,000,000Loma Reinsurance Bermuda Ltd., FRN,
144A 8.24% 08/01/2018		982,1000.02
USD1,050,000Loma Reinsurance Bermuda Ltd., FRN,
144A 13.421% 08/01/2018		659,5050.01
USD750,000Loma Reinsurance Bermuda Ltd., FRN,
144A 13.423% 08/01/2018		471,0750.01
USD650,000Loma Reinsurance Bermuda Ltd., FRN,
144A 18.408% 08/01/2018		55,315-
USD500,000Nakama Re Ltd., FRN, 144A 4.146%
14/01/2021		505,4250.01
USD1,000,000Nakama Re Ltd., FRN, 144A 3.706%
13/10/2021		1,019,0500.02
USD600,000Nakama Re Ltd., FRN, 144A 4.756%
13/10/2021		610,2900.01
USD2,500,000Sanders Re Ltd., FRN, 144A 3.998%
25/05/2020		2,516,3750.05
USD750,000Sanders Re Ltd., FRN, 144A 4.818%
28/05/2021		760,4630.02
USD2,000,000Tradewynd Re Ltd., FRN, 144A 5.4%
08/01/2021		2,005,7000.04
USD3,000,000Tradewynd Re Ltd., FRN, 144A 7.43%
08/01/2021		3,008,8500.06
USD900,000Ursa Re Ltd., FRN, 144A 6%
27/05/2020		905,6250.02
USD1,550,000Ursa Re Ltd., FRN, 144A 5.25%
10/12/2020		1,554,3400.03
USD2,750,000Ursa Re Ltd., FRN, 144A 4%
10/12/2022		2,722,0870.06
ブラジル5,090,7060.11
USD775,000Brazil Government Bond 4.25%
07/01/2025		789,9190.02
USD990,000Caixa Economica Federal, Reg. S, FRN
7.25% 23/07/2024		1,011,0720.02
USD1,010,000Cosan Luxembourg SA, Reg. S 7%
20/01/2027		1,092,5020.02
USD1,015,000GTL Trade Finance, Inc., Reg. S 7.25%
16/04/2044		1,103,8480.03
USD1,030,000JSL Europe SA, Reg. S 7.75%
26/07/2024		1,093,3650.02
カナダ8,099,1610.17
USD1,190,000Bank of Nova Scotia (The), FRN 4.65%
Perpetual		1,182,5920.02
USD1,288,000Cenovus Energy, Inc. 4.25% 15/04/20271,286,0490.03
USD875,000Enbridge, Inc., FRN 6% 15/01/2077911,7060.02
USD1,010,000Hudbay Minerals, Inc., 144A 7.25%
15/01/2023		1,075,6500.02
USD2,210,000Hudbay Minerals, Inc., 144A 7.625%
15/01/2025		2,436,6140.05
USD1,180,000Precision Drilling Corp., 144A 7.125%
15/01/2026		1,206,5500.03
ケイマン諸島19,849,5390.42
USD2,250,000Caelus Re IV Ltd., FRN, 144A 6.528%
06/03/2024		2,343,4880.05
USD1,250,000Caelus Re V Ltd., FRN, 144A 5.538%
05/06/2024		1,198,1250.03
USD1,400,000Caelus Re V Ltd., FRN, 144A 7.538%
05/06/2024		780,3600.02
USD300,000Caelus Re V Ltd., FRN, 144A 10.288%
05/06/2024		28,380-
USD2,985,000Carbone CLO Ltd., FRN, Series 2017-1A
‘A1’, 144A 2.809% 20/01/2031		2,984,9490.06
USD810,000East Lane Re VI Ltd., FRN, 144A
3.924% 16/03/2020		812,6320.02
USD1,500,000East Lane Re VI Ltd., FRN, 144A
4.664% 13/03/2023		1,511,3250.03
USD2,000,000Long Point Re III Ltd., FRN, 144A 3.5%
24/05/2021		2,014,5000.04
USD875,000Residential Reinsurance 2013 Ltd., FRN,
144A 4.325% 06/12/2019 *		87,500-
USD500,000Residential Reinsurance 2014 Ltd., FRN,
144A 6.414% 06/12/2020		501,7750.01
USD1,500,000Residential Reinsurance 2016 Ltd., FRN,
144A 4.534% 06/06/2023		1,498,7250.03
USD1,750,000Residential Reinsurance 2016 Ltd., FRN,
144A 6.014% 06/06/2023		1,453,3750.03
USD700,000Residential Reinsurance 2016 Ltd., FRN,
144A 5.214% 06/12/2023		702,2050.01
USD900,000Residential Reinsurance 2016 Ltd., FRN,
144A 6.654% 06/12/2023		891,0450.02
USD300,000Residential Reinsurance 2017 Ltd., 144A
ZCP 06/12/2021		239,0550.01
USD900,000Residential Reinsurance 2017 Ltd., FRN,
144A 4.284% 06/06/2024		892,0350.02
USD450,000Residential Reinsurance 2017 Ltd., FRN,
144A 13.753% 06/12/2024		449,2580.01
USD850,000Vitality Re VIII Ltd., FRN, 144A 2.788%
08/01/2022		855,7370.02
USD600,000Vitality Re VIII Ltd., FRN, 144A 3.038%
08/01/2022		605,0700.01
チリ14,701,0600.31
USD3,270,000Cencosud SA, Reg. S 6.625%
12/02/2045		3,581,1240.08
CLP470,500,000Chile Government Bond 5.5%
05/08/2020		803,5910.02
USD1,505,000Corp. Nacional del Cobre de Chile, Reg.
S 5.625% 21/09/2035		1,802,5990.04
USD1,026,000Empresa de Transporte de Pasajeros
Metro SA, Reg. S 5% 25/01/2047		1,128,8000.02
USD6,941,000Empresa Nacional del Petroleo, Reg. S
4.75% 06/12/2021		7,384,9460.15
中国2,086,0670.04
USD2,100,000COSL Finance BVI Ltd., Reg. S 3.25%
06/09/2022		2,086,0670.04
コロンビア8,117,2930.17
COP11,583,000,000Colombia Government Bond 4.375%
21/03/2023		3,687,8990.08
USD1,970,000Colombia Telecomunicaciones SA ESP,
Reg. S, FRN 8.5% Perpetual		2,120,3900.04
COP3,484,000,000Empresas Publicas de Medellin ESP,
Reg. S 7.625% 10/09/2024		1,175,8170.03
USD1,130,000Millicom International Cellular SA, Reg. S 5.125% 15/01/20281,133,1870.02
コスタリカ1,864,3050.04
USD1,800,000Costa Rica Government Bond, Reg. S
7% 04/04/2044		1,864,3050.04
ドミニカ共和国689,3010.01
USD575,000Dominican Republic Government Bond,
Reg. S 7.45% 30/04/2044		689,3010.01
エクアドル532,7070.01
USD485,000Ecuador Government Bond, Reg. S
8.875% 23/10/2027		532,7070.01
フランス1,242,0630.03
USD1,250,000Banque Federative du Credit Mutuel SA,
144A 2.7% 20/07/2022		1,242,0630.03
ドイツ10,107,9540.21
USD239,000EMD Finance LLC, 144A 2.4%
19/03/2020		238,612-
USD9,400,000ZF North America Capital, Inc., 144A
4.75% 29/04/2025		9,869,3420.21
香港8,424,8810.18
USD3,100,000CK Hutchison Capital Securities 17 Ltd.,
Reg. S, FRN 4% Perpetual		3,141,5030.07
USD1,500,000Hutchison Whampoa International 14
Ltd., Reg. S 3.625% 31/10/2024		1,540,2180.03
USD3,700,000Melco Resorts Finance Ltd., Reg. S
4.875% 06/06/2025		3,743,1600.08
インド1,523,8050.03
USD1,500,000Greenko Dutch BV, Reg. S 5.25%
24/07/2024		1,523,8050.03
アイルランド12,352,1530.26
USD3,100,000Atlas IX Capital DAC, FRN, 144A 8.565%
08/01/2020		2,836,5000.06
USD715,000C&W Senior Financing Designated
Activity Co., Reg. S 6.875% 15/09/2027		749,9850.02
EUR900,000Horse Capital I DAC, FRN, 144A 4%
15/06/2020		1,083,3520.02
EUR1,400,000Horse Capital I DAC, FRN, 144A 6.25%
15/06/2020		1,685,8850.04
EUR650,000Horse Capital I DAC, FRN, 144A 12%
15/06/2020		782,7330.02
USD630,000James Hardie International Finance DAC,
144A 4.75% 15/01/2025		637,8750.01
USD900,000James Hardie International Finance DAC,
144A 5% 15/01/2028		911,2500.02
EUR1,800,000Lion II RE Dac, FRN, 144A 3%
15/07/2021		2,154,2980.04
USD1,500,000Queen Street XI RE Dac, FRN, 144A
7.511% 20/06/2021		1,510,2750.03
イタリア2,858,2260.06
USD2,000,000Intesa Sanpaolo SpA 5.25% 12/01/20242,187,2400.05
USD660,000UniCredit SpA, 144A 3.75% 12/04/2022670,9860.01
ジャマイカ2,164,4870.04
USD2,190,000Digicel Ltd., Reg. S 6% 15/04/20212,164,4870.04
日本50,046,1001.05
JPY5,600,000,000Japan Treasury Bill ZCP 19/03/201849,771,5921.04
USD280,000Sumitomo Life Insurance Co., FRN, 144A
4% 14/09/2077		274,5080.01
ルクセンブルグ5,859,8910.12
USD5,570,000ARD Finance SA 7.125% 15/09/20235,859,8910.12
マレーシア35,207,5890.74
MYR17,818,000Malaysia Government Bond 4.24%
07/02/2018		4,409,3540.09
MYR27,060,000Malaysia Government Bond 3.492%
31/03/2020		6,731,5740.14
MYR26,539,000Malaysia Government Bond 4.16%
15/07/2021		6,730,4860.14
MYR25,290,000Malaysia Government Bond 3.418%
15/08/2022		6,174,0850.13
MYR10,585,000Malaysia Government Bond 4.181%
15/07/2024		2,650,8270.06
MYR34,653,000Malaysia Government Bond 3.955%
15/09/2025		8,511,2630.18
メキシコ22,101,0700.46
USD755,000Axtel SAB de CV, Reg. S 6.375%
14/11/2024		775,9320.02
USD1,445,000Credito Real SAB de CV SOFOM ER,
Reg. S, FRN 9.125% Perpetual		1,497,4530.03
USD3,257,860Mexico Generadora de Energia S de rl,
Reg. S 5.5% 06/12/2032		3,447,1420.07
USD1,065,000Petroleos Mexicanos 4.25% 15/01/20251,061,6670.02
USD11,036,000Petroleos Mexicanos 4.5% 23/01/202611,032,0820.23
USD1,700,000Petroleos Mexicanos 6.625%
15/06/2035		1,812,4210.04
USD420,000Petroleos Mexicanos, Reg. S 5.375%
13/03/2022		446,4200.01
USD530,000Petroleos Mexicanos, Reg. S 5.375%
13/03/2022		563,4140.01
USD665,000Petroleos Mexicanos, Reg. S 6.5%
13/03/2027		728,5570.01
USD690,000TV Azteca SAB de CV, Reg. S 8.25%
09/08/2024		735,9820.02
オランダ14,246,7410.30
USD1,565,000Constellium NV, 144A 5.875%
15/02/2026		1,596,3000.03
USD4,305,000Sensata Technologies BV, 144A 5.625%
01/11/2024		4,757,0250.10
USD3,005,000Sensata Technologies BV, 144A 5%
01/10/2025		3,200,3250.07
USD4,700,000Ziggo Secured Finance BV, 144A 5.5%
15/01/2027		4,693,0910.10
パナマ10,801,2200.23
USD10,152,000Panama Government Bond 4%
22/09/2024		10,801,2200.23
ペルー9,245,0680.19
USD1,370,000Banco Internacional del Peru SAA
Interbank, Reg. S, FRN 6.625%
19/03/2029		1,548,9010.03
USD1,260,000BBVA Banco Continental SA, Reg. S,
FRN 5.25% 22/09/2029		1,362,2240.03
USD3,265,000Lima Metro Line 2 Finance Ltd., Reg. S
5.875% 05/07/2034		3,540,8110.07
USD870,000Nexa Resources SA, Reg. S 5.375%
04/05/2027		923,7660.02
USD1,805,000Transportadora de Gas del Peru SA,
Reg. S 4.25% 30/04/2028		1,869,3660.04
フィリピン8,524,2670.18
PHP248,000,000Philippine Government Bond 4.95%
15/01/2021		5,110,2810.11
PHP172,000,000Philippine Government Bond 3.9%
26/11/2022		3,413,9860.07
ポーランド14,578,1920.30
PLN34,575,000Poland Government Bond 5.75%
25/10/2021		11,184,7780.23
PLN11,701,000Poland Government Bond 3.25%
25/07/2025		3,393,4140.07
韓国1,764,3240.04
USD1,800,000Kia Motors Corp., Reg. S 3%
25/04/2023		1,764,3240.04
スイス5,410,3980.11
USD1,250,000Credit Suisse Group AG, FRN, 144A
2.997% 14/12/2023		1,235,2120.02
USD895,000Glencore Funding LLC, 144A 4.125%
30/05/2023		927,4710.02
USD3,100,000UBS Group Funding Switzerland AG,
144A 4.125% 24/09/2025		3,247,7150.07
タジキスタン2,249,1960.05
USD2,340,000Tajikistan Government Bond, Reg. S
7.125% 14/09/2027		2,249,1960.05
トルコ3,078,8620.06
TRY12,310,000Turkey Government Bond 10.7%
17/02/2021		3,078,8620.06
イギリス5,608,3300.12
USD2,500,000BAT Capital Corp., 144A 3.222%
15/08/2024		2,493,2120.05
USD520,000Virgin Media Secured Finance plc, 144A
5.5% 15/08/2026		534,5370.01
USD2,510,000Virgin Media Secured Finance plc, 144A
5.5% 15/08/2026		2,580,5810.06
アメリカ合衆国397,795,6878.33
USD5,455,000Acadia Healthcare Co., Inc. 5.625%
15/02/2023		5,551,4990.12
USD4,720,000Advanced Disposal Services, Inc., 144A
5.625% 15/11/2024		4,904,6460.10
USD4,155,000Ahern Rentals, Inc., 144A 7.375%
15/05/2023		3,968,0250.08
USD4,510,000Albertsons Cos. LLC 6.625%
15/06/2024		4,302,7430.09
USD4,310,000Alliance Data Systems Corp., 144A
5.375% 01/08/2022		4,363,8750.09
USD3,009,000Alliance One International, Inc. 9.875%
15/07/2021		2,785,2960.06
USD1,170,000Alta Mesa Holdings LP 7.875%
15/12/2024		1,288,4620.03
USD1,725,000AMAG Pharmaceuticals, Inc., 144A
7.875% 01/09/2023		1,689,2920.04
USD1,799,000Amazon.com, Inc., 144A 2.8%
22/08/2024		1,791,6330.04
USD2,670,000American Axle & Manufacturing, Inc.,
144A 6.25% 01/04/2025		2,820,8020.06
USD4,200,000American Axle & Manufacturing, Inc.,
144A 6.5% 01/04/2027		4,457,2500.09
USD2,385,000American Express Co., FRN 4.9%
Perpetual		2,435,8480.05
USD1,250,000Amgen, Inc. 2.65% 11/05/20221,246,3440.03
USD1,135,000Analog Devices, Inc. 3.125% 05/12/20231,141,7930.02
USD235,000Andeavor 3.8% 01/04/2028234,9200.01
USD405,000Andeavor 4.5% 01/04/2048406,9200.01
USD365,000Arch Capital Finance LLC 5.031%
15/12/2046		424,8860.01
USD3,415,000Archrock Partners LP 6% 01/04/20213,432,0750.07
USD200,000AT&T, Inc., 144A 4.1% 15/02/2028199,824-
USD1,500,000Bank of America Corp., FRN 3.705%
24/04/2028		1,538,0930.03
USD1,355,000Bank of America Corp., FRN 4.443%
20/01/2048		1,520,0930.03
USD1,400,000BB&T Corp. 2.85% 26/10/20241,391,5580.03
USD3,705,000BlueLine Rental Finance Corp., 144A
9.25% 15/03/2024		3,949,1780.08
USD2,365,000BWAY Holding Co., 144A 5.5%
15/04/2024		2,468,5750.05
USD7,345,000BWAY Holding Co., 144A 7.25%
15/04/2025		7,595,3540.16
USD10,740,000CCO Holdings LLC, 144A 5.125%
01/05/2023		11,003,7740.23
USD4,000,000CCO Holdings LLC, 144A 5.875%
01/04/2024		4,179,1600.09
USD275,000CCO Holdings LLC, 144A 5%
01/02/2028		267,5750.01
USD2,000,000Cheniere Corpus Christi Holdings LLC
5.125% 30/06/2027		2,068,8000.04
USD2,900,000Citigroup, Inc., FRN 3.887% 10/01/20282,991,0020.06
USD2,480,000Citigroup, Inc., FRN 5.875% Perpetual2,575,9510.05
USD7,185,000CommScope Technologies LLC, 144A
6% 15/06/2025		7,645,5580.16
USD1,530,000CommScope Technologies LLC, 144A
5% 15/03/2027		1,533,8250.03
USD925,000Concho Resources, Inc. 3.75%
01/10/2027		936,2250.02
USD1,185,000Continental Resources, Inc., 144A
4.375% 15/01/2028		1,168,8310.02
USD1,618,000Cox Communications, Inc., 144A 3.15%
15/08/2024		1,594,0130.03
USD3,960,000CRC Escrow Issuer LLC, 144A 5.25%
15/10/2025		3,997,9570.08
USD685,000CrownRock LP, 144A 5.625%
15/10/2025		685,8910.01
USD3,575,000CSC Holdings LLC, 144A 5.5%
15/04/2027		3,637,5630.08
USD925,000CyrusOne LP, REIT, 144A 5%
15/03/2024		962,0000.02
USD770,000CyrusOne LP, REIT, 144A 5.375%
15/03/2027		804,6500.02
USD1,545,000Discovery Communications LLC 2.95%
20/03/2023		1,527,5110.03
USD8,800,000DISH DBS Corp. 5% 15/03/20238,379,8880.18
USD2,010,000DISH DBS Corp. 5.875% 15/11/20241,963,7100.04
USD3,010,000DISH DBS Corp. 7.75% 01/07/20263,188,2520.07
USD8,000,000Dollar Tree, Inc. 5.75% 01/03/20238,385,5600.18
USD5,605,000Dynegy, Inc., 144A 8.125% 30/01/20266,154,4300.13
USD4,765,000Eagle Holding Co. II LLC, 144A 7.625%
15/05/2022		4,848,3870.10
USD2,200,000Eldorado Resorts, Inc. 6% 01/04/20252,312,2880.05
USD185,000Endeavor Energy Resources LP, 144A
5.5% 30/01/2026		188,700-
USD185,000Endeavor Energy Resources LP, 144A
5.75% 30/01/2028		189,394-
USD3,550,000Energy Transfer Equity LP 4.25%
15/03/2023		3,524,4760.07
USD1,645,000Energy Transfer Partners LP, FRN 6.25%
Perpetual		1,596,9330.03
USD2,080,000Energy Transfer Partners LP, FRN
6.625% Perpetual		2,020,7620.04
USD1,920,000EnLink Midstream Partners LP, FRN 6%
Perpetual		1,842,0100.04
USD1,345,000EP Energy LLC, 144A 8% 29/11/20241,395,4380.03
USD4,190,000Fidelity & Guaranty Life Holdings, Inc.,
144A 6.375% 01/04/2021		4,305,2250.09
USD440,000Fifth Third Bank, FRN 2.265%
27/09/2019		442,7520.01
USD5,220,000First Data Corp., 144A 7% 01/12/20235,533,2000.12
USD3,000,000First Data Corp., 144A 5% 15/01/20243,095,3250.07
USD500,000First Republic Bank 4.625% 13/02/2047532,0320.01
USD957,027Flagstar Mortgage Trust, FRN, Series
2017-2 ‘A5’, 144A 3.5% 25/10/2047		969,7330.02
USD500,000Fortive Corp. 2.35% 15/06/2021494,7050.01
USD3,220,000Frontier Communications Corp. 6.25%
15/09/2021		2,294,2500.05
USD3,385,000GCI, Inc. 6.875% 15/04/20253,621,9500.08
USD2,185,000GLP Capital LP 5.375% 15/04/20262,347,6730.05
USD2,610,000Golden Nugget, Inc., 144A 6.75%
15/10/2024		2,662,2000.06
USD1,085,000Goldman Sachs Group, Inc. (The), FRN
2.905% 24/07/2023		1,075,7290.02
USD3,975,000Goldman Sachs Group, Inc. (The), FRN
5% Perpetual		3,926,7440.08
USD4,800,000Goldman Sachs Group, Inc. (The), FRN
5.375% Perpetual		4,958,7120.10
USD3,450,000Gray Television, Inc., 144A 5.875%
15/07/2026		3,544,8750.07
USD835,000Grinding Media, Inc., 144A 7.375%
15/12/2023		898,6270.02
USD1,670,000Hanesbrands, Inc., 144A 4.875%
15/05/2026		1,720,1000.04
USD800,000Hyundai Capital America, Reg. S 3%
30/10/2020		799,4920.02
USD2,200,000Hyundai Capital America, Reg. S 3.1%
05/04/2022		2,188,8790.05
USD5,630,000Infor Software Parent LLC, 144A 7.125%
01/05/2021		5,777,7870.12
USD7,505,000Infor US, Inc. 6.5% 15/05/20227,790,4150.16
USD1,500,000Intel Corp. 2.875% 11/05/20241,512,0220.03
USD1,695,000inVentiv Group Holdings, Inc., 144A
7.5% 01/10/2024		1,870,2800.04
USD4,485,000Jack Ohio Finance LLC, 144A 6.75%
15/11/2021		4,731,6750.10
USD268,000JC Penney Corp., Inc. 8.125%
01/10/2019		272,0200.01
USD2,270,000JC Penney Corp., Inc., 144A 5.875%
01/07/2023		2,141,4270.05
USD519,000M&T Bank Corp., FRN 5.125% Perpetual551,4610.01
USD1,000,000Manufacturers & Traders Trust Co. 3.4%
17/08/2027		1,006,6500.02
USD490,000Martin Marietta Materials, Inc., FRN
2.125% 20/12/2019		490,7980.01
USD3,535,000MGM Growth Properties Operating
Partnership LP, REIT 4.5% 01/09/2026		3,534,8760.07
USD2,810,000MGM Growth Properties Operating
Partnership LP, REIT, 144A 4.5%
15/01/2028		2,767,6110.06
USD160,000Microsoft Corp. 2.875% 06/02/2024162,050-
USD915,000Microsoft Corp. 3.3% 06/02/2027943,7130.02
USD655,000Microsoft Corp. 4.1% 06/02/2037728,8680.02
USD4,720,000Morgan Stanley, FRN 5.55% Perpetual4,919,0190.10
USD2,590,000MSCI, Inc., 144A 4.75% 01/08/20262,725,0680.06
USD2,770,000Multi-Color Corp., 144A 6.125%
01/12/2022		2,905,0370.06
USD2,485,000Navient Corp. 5% 26/10/20202,513,2050.05
USD7,900,000NCI Building Systems, Inc., 144A 8.25%
15/01/2023		8,383,8750.18
USD3,415,000Netflix, Inc. 4.375% 15/11/20263,355,2370.07
USD1,480,000Netflix, Inc., 144A 4.875% 15/04/20281,452,3980.03
USD335,000Packaging Corp. of America 2.45%
15/12/2020		334,9030.01
USD1,040,000Parsley Energy LLC, 144A 5.625%
15/10/2027		1,066,0000.02
USD4,750,000PetSmart, Inc., 144A 7.125%
15/03/2023		2,814,3750.06
USD2,280,000Pioneer Holdings LLC, 144A 9%
01/11/2022		2,362,6500.05
USD1,210,000Plastipak Holdings, Inc., 144A 6.25%
15/10/2025		1,246,4820.03
USD1,350,000PNC Bank NA 3.1% 25/10/20271,342,6150.03
USD7,200,000Post Holdings, Inc., 144A 5%
15/08/2026		7,128,0000.15
USD1,357,000Prudential Financial, Inc., FRN 4.5%
15/09/2047		1,377,7150.03
USD1,425,000Qualitytech LP, 144A 4.75% 15/11/20251,446,3750.03
USD5,455,000Radiate Holdco LLC, 144A 6.625%
15/02/2025		5,168,6130.11
USD4,830,000Rite Aid Corp., 144A 6.125%
01/04/2023		4,385,7610.09
USD225,000Sabine Pass Liquefaction LLC 5.625%
01/03/2025		247,9320.01
USD1,445,000Sabine Pass Liquefaction LLC 4.2%
15/03/2028		1,465,1360.03
USD8,635,000Sabra Health Care LP, REIT 5.375%
01/06/2023		8,894,0500.19
USD3,730,000SBA Communications Corp., REIT
4.875% 01/09/2024		3,843,4670.08
USD6,600,000Scientific Games International, Inc. 10%
01/12/2022		7,242,2460.15
USD3,135,000Scientific Games International, Inc., 144A 7% 01/01/20223,311,3440.07
USD1,600,000Sierra Pacific Power Co. 2.6%
01/05/2026		1,545,6880.03
USD2,105,000Sinclair Television Group, Inc., 144A
5.125% 15/02/2027		2,097,1060.04
USD5,700,000Sirius XM Radio, Inc., 144A 5.375%
15/04/2025		5,942,3070.12
USD905,000Sirius XM Radio, Inc., 144A 5.375%
15/07/2026		932,9010.02
USD1,800,000Standard Industries, Inc., 144A 5.5%
15/02/2023		1,876,5990.04
USD7,000,000Standard Industries, Inc., 144A 6%
15/10/2025		7,484,8200.16
USD2,810,000Station Casinos LLC, 144A 5%
01/10/2025		2,831,0750.06
USD3,370,000SunTrust Banks, Inc., FRN 5.125%
Perpetual		3,301,0160.07
USD7,215,000Targa Resources Partners LP 6.75%
15/03/2024		7,765,1440.16
USD3,835,000Team Health Holdings, Inc., 144A
6.375% 01/02/2025		3,441,9120.07
USD2,470,000Tenet Healthcare Corp. 6% 01/10/20202,612,0740.06
USD4,105,000Tenet Healthcare Corp., 144A 5.125%
01/05/2025		4,033,6760.08
USD6,000,000T-Mobile USA, Inc. 6.375% 01/03/20256,426,6900.13
USD385,000T-Mobile USA, Inc. 6.5% 15/01/2026420,8150.01
USD1,915,000T-Mobile USA, Inc. 6.5% 15/01/20262,093,2290.04
USD1,023,998Towd Point Mortgage Trust, FRN, Series
2017-1 ‘A1’, 144A 2.75% 25/10/2056		1,022,2890.02
USD725,773Towd Point Mortgage Trust, FRN, Series
2017-6 ‘A1’, 144A 2.75% 25/10/2057		722,9550.02
USD2,560,000Tutor Perini Corp., 144A 6.875%
01/05/2025		2,758,4000.06
USD1,589,000United States Steel Corp., 144A 8.375%
01/07/2021		1,730,8020.04
USD410,000US Treasury 2% 31/10/2022406,1560.01
USD360,000US Treasury 2.25% 31/10/2024357,7220.01
USD455,000Valeant Pharmaceuticals International,
Inc., 144A 6.5% 15/03/2022		479,7860.01
USD3,665,000Valeant Pharmaceuticals International,
Inc., 144A 7% 15/03/2024		3,940,7540.08
USD4,775,000Valeant Pharmaceuticals International,
Inc., 144A 6.125% 15/04/2025		4,385,3600.09
USD555,000Vantiv LLC, 144A 4.375% 15/11/2025561,2440.01
USD1,470,000Verizon Communications, Inc., 144A
3.376% 15/02/2025		1,472,7340.03
USD685,000Vornado Realty LP, REIT 3.5%
15/01/2025		683,3010.01
USD1,094,000Wal-Mart Stores, Inc. 3.625%
15/12/2047		1,143,1150.02
USD2,900,000West Street Merger Sub, Inc., 144A
6.375% 01/09/2025		2,925,3750.06
USD740,000Worldwide Plaza Trust, Series 2017-
WWP ‘A’, 144A 3.526% 10/11/2036		758,9100.02
USD2,250,000Zekelman Industries, Inc., 144A 9.875%
15/06/2023		2,536,8750.05
ウルグアイ3,807,6990.08
UYU34,845,000Uruguay Government Bond, Reg. S
9.875% 20/06/2022		1,282,2800.03
UYU72,955,000Uruguay Government Bond, Reg. S
8.5% 15/03/2028		2,525,4190.05
その他の規制市場で取引される譲渡可能証券
および短期金融市場証券の合計		761,601,41815.95
株式数または元本額その他の規制市場で取引されていない
その他の譲渡可能証券		評価額
(米ドル)		純資産構成比
(%)
バミューダ1,414,6080.03
USD450,000Market Re Ltd., 144A 3% 08/07/2021457,4250.01
USD1,000,000Skyline Re Ltd., FRN 13.038%
06/01/2022		957,1830.02
中国--
HKD62,400China Metal Recycling Holdings Ltd. *--
アイルランド2,879,2080.06
EUR1,150,000Hexagon Reinsurance DAC, FRN, 144A
6.5% 17/01/2025		1,379,8720.03
EUR1,250,000Hexagon Reinsurance DAC, FRN, 144A
8% 17/01/2025		1,499,3360.03
パナマ17,821,1600.37
USD17,068,932ENA Norte Trust, Reg. S 4.95%
25/04/2028		17,821,1600.37
その他の規制市場で取引されていない
その他の譲渡可能証券の合計		22,114,9760.46
株式数または元本額オープン・エンド型
投資スキーム		評価額
(米ドル)		純資産構成比
(%)
ルクセンブルグ91,054,9061.91
USD393,022Schroder ISF Emerging Multi-Asset
Income - Class I Dis		41,220,9000.86
USD8,240,976Schroder ISF Global Dividend Maximiser
- Class I Dis		49,834,0061.05
オープン・エンド型
投資スキームの合計		91,054,9061.91
株式数または元本額クローズド・エンド型
投資スキーム		評価額
(米ドル)		純資産構成比
(%)
南アフリカ405,5450.01
ZAR67,906Coronation Fund Managers Ltd.405,5450.01
スイス842,9850.01
CHF12,625BB Biotech AG842,9850.01
イギリス118,873,5812.49
GBP8,152,2413i Infrastructure plc22,935,5800.48
GBP7,252,131Bilfinger Berger Global Infrastructure
SICAV SA		13,831,0180.29
GBP13,908,725GCP Infrastructure Investments Ltd.24,268,6940.51
GBP8,290,894HICL Infrastructure Fund Co. Ltd.17,740,9640.37
GBP7,857,367International Public Partnerships Fund
Ltd.		16,653,8790.35
GBP15,828,434Starwood European Real Estate Finance
Ltd.		23,443,4460.49
クローズド・エンド型
投資スキームの合計		120,122,1112.51
投資総額4,571,793,75795.69
その他の純資産205,933,5684.31
純資産総額4,777,727,325100.00

*公正価値に基づき評価されております。
2017年12月31日現在の財務諸表注記
外国為替先渡契約明細表
未決済の外国為替先渡契約は、契約満期日に適用する先物為替相場を参照し、2017年12月29日に入手可能な直近価格で評価される。未実現評価益/(損)は、貸借対照表の「未実現評価益/(損)―外国為替先渡契約」に記載されている。2017年12月31日時点で、当サブファンドは以下の未決済の外国為替先渡契約を保有していた。
買い通貨売り通貨満期日未実現評価益/(損)
シェアクラスごとのヘッジ
AUD197,185,000USD151,123,9402018年1月5日2,866,774
AUD20,390,400USD15,650,6982018年1月11日273,359
CHF4,799,800USD4,884,7212018年1月5日31,417
CNH3,441,800USD520,3502018年1月25日7,290
EUR107,965,800USD127,912,7612018年1月5日1,519,922
EUR70,485,351USD85,463,9472018年1月11日(933,738)
EUR46,880,877USD56,233,5432018年1月18日14,308
EUR40,844,979USD49,221,7502018年1月25日(193,553)
EUR93,699,774USD113,157,6682018年2月1日(634,296)
EUR81,656,901USD97,124,5222018年2月8日974,932
EUR65,926,738USD77,978,9432018年2月15日1,252,973
EUR44,803,787USD53,138,0182018年2月22日728,402
EUR32,340,019USD38,315,5472018年3月1日580,764
EUR44,536,570USD52,822,8222018年3月8日765,668
EUR24,666,165USD29,253,2582018年3月15日440,102
EUR118,169,903USD138,641,3662018年3月22日3,679,129
EUR75,222,236USD87,706,8712018年3月28日2,924,931
EUR43,474,900USD51,385,1542018年4月5日1,023,720
EUR57,462,630USD68,140,5372018年4月12日1,162,954
EUR75,840,621USD90,280,4822018年4月19日1,230,829
EUR47,329,100USD56,830,9852018年4月26日304,292
EUR42,194,000USD50,506,3872018年5月2日450,264
EUR53,085,776USD63,204,0432018年5月9日936,311
EUR109,597,000USD130,589,3532018年5月17日1,900,847
EUR61,079,600USD72,891,7232018年5月24日980,996
GBP138,642,787USD184,327,9172018年1月5日3,211,920
GBP14,585,689USD19,444,5762018年1月11日289,025
GBP2,419,500USD3,251,3312018年1月18日22,955
GBP35,629,600USD47,699,7862018年1月25日529,819
NOK87,200USD10,4372018年1月25日194
PLN10,630,800USD3,006,5042018年1月11日44,646
PLN5,743,500USD1,617,3172018年1月25日31,158
SEK274,500USD32,7002018年1月25日788
SGD48,443,437USD35,666,0462018年1月5日578,025
SGD46,508,085USD34,320,0212018年1月11日480,519
SGD41,133,455USD30,292,8642018年1月18日489,077
SGD56,785,361USD41,747,0932018年1月25日752,080
SGD38,691,725USD28,391,3302018年2月1日569,130
SGD36,890,818USD27,106,7512018年2月8日508,463
SGD40,879,613USD30,177,6132018年2月15日426,484
SGD40,797,913USD30,360,6042018年2月22日185,331
SGD56,918,413USD42,302,2002018年3月1日317,554
SGD63,069,056USD46,732,0082018年3月8日498,478
SGD56,636,390USD42,102,1382018年3月15日316,188
SGD1,897,510USD1,410,6842018年3月22日10,643
USD77,116CHF76,1002018年1月5日(829)
USD18,400,691EUR15,480,9002018年1月5日(158,283)
USD7,384,713GBP5,510,4002018年1月5日(69,115)
USD155NOK1,3002018年1月25日(3)
31,322,844
ポートフォリオごとのヘッジ
CHF26,814,000USD27,269,3992018年1月10日203,976
HUF4,254,500,000USD16,252,2402018年1月10日192,814
IDR298,665,000,000USD21,986,5282018年1月10日82,776
INR4,137,600,000USD63,906,0932018年1月10日895,278
KRW112,931,000,000USD105,196,2342018年1月10日558,563
RUB3,375,464,000USD57,341,4872018年1月10日970,680
TRY196,589,000USD50,713,4802018年1月10日971,095
USD131,978,931AUD174,747,0002018年1月10日(4,491,302)
USD21,434,224BRL69,613,0002018年2月2日490,739
USD221,071,584CAD284,736,0002018年1月10日(5,790,701)
USD27,290,492CHF26,814,0002018年1月10日(182,883)
USD225,764CHF220,0002018年2月9日(148)
USD15,691,671DKK97,770,0002018年1月10日(55,852)
USD60,762,791EUR51,232,0002018年1月10日(673,673)
USD20,727,423EUR17,500,0002018年2月9日(297,543)
USD50,510,159EUR42,220,0002018年6月14日(624,338)
USD50,708,450EUR42,250,0002018年9月21日(822,300)
USD436,098,986GBP322,368,6252018年1月10日(31,255)
USD21,936,467IDR298,665,000,0002018年1月10日(132,837)
USD50,000,804JPY5,600,000,0002018年3月26日35,358
USD140,717,596KRW152,445,000,0002018年1月10日(2,040,283)
USD51,898,657RUB3,052,160,0002018年1月10日(828,336)
USD30,581,272TRY121,969,0002018年1月10日(1,485,201)
USD106,445,894TWD3,182,200,0002018年1月10日(999,154)
USD47,228,805ZAR601,950,0002018年1月10日(1,364,070)
(15,418,597)
USD15,904,247

先物契約明細表
先物契約は2017年12月29日に入手可能な直近価格で評価される。すべての未決済先物契約のカウンター・パーティはUBSである。未実現評価益/(損)は、貸借対照表の「未実現評価益/(損)―先物契約」に記載されている。2017年12月31日時点で、当サブファンドは以下の先物契約を保有していた。
満期日数量契約現地
通貨		市場価格基準
通貨		グローバル・
エクスポージャー
残高		未実現評価益
/(損)
2018年3月1,260Euro STOXX 50EUR3,500.00USD52,862,228(1,118,603)
2018年3月591FTSE 100 IndexGBP7,638.00USD(61,057,148)(2,053,359)
2018年3月1,645FTSE 250 IndexGBP20,650.00USD(91,893,614)(3,000,958)
2018年3月899MSCI Emerging Markets IndexUSD1,158.30USD52,065,5851,820,611
2018年3月1,838S&P 500 EMINIUSD2,694.25USD247,601,5754,406,307
2018年3月2,399S&P Real Estate Emini IndexUSD159.05USD(95,390,238)(59,326)
2018年3月345S&P/TSX 60 IndexCAD958.30USD(52,676,078)(911,923)
2018年3月437SPI 200AUD6,020.00USD(51,361,249)17,064
2018年3月4,098STOXX 600 Oil & GasEUR314.00USD77,122,0351,689,808
2018年3月432Topix IndexJPY1,817.00USD69,735,6081,045,522
2018年3月1,403US 2 Year Note (CBT)USD107.05USD(300,373,531)596,469
2018年3月135US 5 Year Note (CBT)USD116.10USD(15,673,711)81,947
2018年3月268US 10 Year Note (CBT)USD123.84USD(33,190,125)198,812
2018年3月20US Long Bond (CBT)USD152.47USD3,049,375(18,737)
2018年3月1,046US Ultra Bond (CBT)USD166.66USD174,322,437(269,672)
2018年3月3US Ultra Bond (CBT)USD166.66USD(499,969)(4,688)
2018年3月2,000XAF Financial IndexUSD344.93USD172,462,5001,706,799
USD4,126,073

シュローダー・インターナショナル・セレクション・ファンド・ドル・リクイディティ 2017年12月期報告書
2017年12月31日現在の貸借対照表
シュローダー・インターナショナル・セレクション・ファンド・ドル・リクイディティ(注1)
(米ドル)
資産
投資
有価証券取得価額659,169,326
未実現評価益/(損)(1,339,761)
有価証券評価額657,829,565
銀行預金7,113,628
有価証券未収入金50,004,350
未収追加金148,961
未収配当金および未収利息2,599,349
資産計717,695,853
負債
未払運用報酬59,811
その他未払金171,372
負債計231,183
純資産総額717,464,670
(注1)評価額は償却原価を表す。
シュローダー・インターナショナル・セレクション・ファンド・ドル・リクイディティ
(米ドル)
純資産総額
2017年12月31日現在717,464,670
発行済投資証券口数
2017年12月31日現在Class A Dis-
Class A Dis AUD-
Class A Dis AUD Hedged-
Class A Dis CHF-
Class A Dis CHF Hedged-
Class A Dis EUR-
Class A Dis EUR Hedged-
Class A Dis GBP-
Class A Dis GBP Hedged-
Class A Dis HKD-
Class A Dis NOK Hedged-
Class A Dis RMB Hedged-
Class A Dis SEK Hedged-
Class A Dis SGD-
Class A Dis SGD Hedged-
Class A Dis USD-
Class A Dis USD Hedged-
Class AX Dis-
Class AX Dis AUD Hedged-
Class AX Dis SGD Hedged-
Class AX Dis USD Hedged-
Class B Dis-
Class B Dis EUR Hedged-
Class C Dis-
Class C Dis CHF Hedged-
Class C Dis EUR-
Class C Dis EUR Hedged-
Class C Dis GBP-
Class C Dis GBP Hedged-
Class C Dis JPY Hedged-
Class C Dis SEK Hedged-
Class C Dis USD-
Class C Dis USD Hedged-
Class CX Dis-
Class D Dis-
Class I Dis-
Class I Dis EUR-
Class I Dis EUR Hedged-
Class I Dis GBP-
Class I Dis GBP Hedged-
Class IA Dis-
Class IZ Dis-
Class IZ Dis EUR-
Class IZ Dis EUR Hedged-
Class IZ Dis GBP Hedged-
Class J Dis-
Class J Dis JPY-
Class S Dis-
Class S Dis EUR-
Class S Dis EUR Hedged-
Class S Dis GBP-
Class S Dis GBP Hedged-
Class S Dis USD Hedged-
Class X Dis-
Class Z Dis-
Class Z Dis AUD Hedged-
Class Z Dis EUR-
Class Z Dis EUR Hedged-
Class Z Dis GBP-
Class Z Dis GBP Hedged-
Class Z Dis HKD-
Class Z Dis RMB Hedged-
Class Z Dis SGD Hedged-
Class A1 Dis-
Class A1 Dis AUD Hedged-
Class A1 Dis EUR-
Class A1 Dis EUR Hedged-
Class A1 Dis PLN Hedged-
Class A1 Dis USD-
Class A1 Dis USD Hedged-
Class X1 Dis-
Class A Acc1,173,495
Class A Acc AUD Hedged-
Class A Acc CHF-
Class A Acc CHF Hedged-
Class A Acc EUR41,575
Class A Acc EUR Hedged-
Class A Acc EUR Duration Hedged-
Class A Acc GBP-
Class A Acc GBP Hedged-
Class A Acc HKD-
Class A Acc NOK-
Class A Acc NOK Hedged-
Class A Acc PLN Hedged-
Class A Acc RMB Hedged-
Class A Acc SEK-
Class A Acc SEK Hedged-
Class A Acc SGD-
Class A Acc SGD Hedged-
Class A Acc USD-
Class A Acc USD Hedged-
Class B Acc859,751
Class B Acc EUR71,502
Class B Acc EUR Hedged-
Class B Acc USD Hedged-
Class C Acc297,089
Class C Acc AUD-
Class C Acc AUD Hedged-
Class C Acc CHF-
Class C Acc CHF Hedged-
Class C Acc EUR562,912
Class C Acc EUR Hedged-
Class C Acc EUR Duration Hedged-
Class C Acc GBP-
Class C Acc GBP Hedged-
Class C Acc JPY Hedged-
Class C Acc NOK-
Class C Acc RMB Hedged-
Class C Acc SEK Hedged-
Class C Acc USD-
Class C Acc USD Hedged-
Class CN Acc-
Class CN Acc EUR Hedged-
Class D Acc-
Class D Acc EUR-
Class D Acc USD Hedged-
Class E Acc-
Class E Acc CHF Hedged-
Class E Acc EUR Hedged-
Class E Acc GBP-
Class E Acc GBP Hedged-
Class E Acc USD-
Class F Acc SGD-
Class I Acc3,051,940
Class I Acc AUD-
Class I Acc CHF-
Class I Acc CHF Hedged-
Class I Acc EUR-
Class I Acc EUR Hedged-
Class I Acc GBP-
Class I Acc GBP Hedged-
Class I Acc JPY Hedged-
Class I Acc USD-
Class I Acc USD Hedged-
Class IA Acc-
Class IA Acc GBP Hedged-
Class IB Acc-
Class IC Acc-
Class IZ Acc-
Class IZ Acc EUR-
Class IZ Acc EUR Hedged-
Class IZ Acc GBP-
Class IZ Acc GBP Hedged-
Class J Acc JPY-
Class R Acc-
Class R Acc GBP Hedged-
Class R Acc USD Hedged-
Class S Acc-
Class S Acc EUR-
Class S Acc EUR Hedged-
Class S Acc GBP Hedged-
Class X Acc-
Class X Acc GBP Hedged-
Class Y Acc-
Class Z Acc-
Class Z Acc AUD Hedged-
Class Z Acc CHF Hedged-
Class Z Acc EUR-
Class Z Acc EUR Hedged-
Class Z Acc EUR Duration Hedged-
Class Z Acc GBP-
Class Z Acc GBP Hedged-
Class Z Acc SGD Hedged-
Class Z Acc USD Hedged-
Class A1 Acc407,684
Class A1 Acc EUR-
Class A1 Acc EUR Hedged-
Class A1 Acc GBP Hedged-
Class A1 Acc PLN Hedged-
Class A1 Acc SEK-
Class A1 Acc USD-
Class A1 Acc USD Hedged-
Class X1 Acc-
Class X1 Acc GBP-

シュローダー・インターナショナル・セレクション・ファンド・ドル・リクイディティ
(米ドル)
一口当たり純資産価額 *
2017年12月31日現在Class A Dis-
Class A Dis AUD-
Class A Dis AUD Hedged-
Class A Dis CHF-
Class A Dis CHF Hedged-
Class A Dis EUR-
Class A Dis EUR Hedged-
Class A Dis GBP-
Class A Dis GBP Hedged-
Class A Dis HKD-
Class A Dis NOK Hedged-
Class A Dis RMB Hedged-
Class A Dis SEK Hedged-
Class A Dis SGD-
Class A Dis SGD Hedged-
Class A Dis USD-
Class A Dis USD Hedged-
Class AX Dis-
Class AX Dis AUD Hedged-
Class AX Dis SGD Hedged-
Class AX Dis USD Hedged-
Class B Dis-
Class B Dis EUR Hedged-
Class C Dis-
Class C Dis CHF Hedged-
Class C Dis EUR-
Class C Dis EUR Hedged-
Class C Dis GBP-
Class C Dis GBP Hedged-
Class C Dis JPY Hedged-
Class C Dis SEK Hedged-
Class C Dis USD-
Class C Dis USD Hedged-
Class CX Dis-
Class D Dis-
Class I Dis-
Class I Dis EUR-
Class I Dis EUR Hedged-
Class I Dis GBP-
Class I Dis GBP Hedged-
Class IA Dis-
Class IZ Dis-
Class IZ Dis EUR-
Class IZ Dis EUR Hedged-
Class IZ Dis GBP Hedged-
Class J Dis-
Class J Dis JPY-
Class S Dis-
Class S Dis EUR-
Class S Dis EUR Hedged-
Class S Dis GBP-
Class S Dis GBP Hedged-
Class S Dis USD Hedged-
Class X Dis-
Class Z Dis-
Class Z Dis AUD Hedged-
Class Z Dis EUR-
Class Z Dis EUR Hedged-
Class Z Dis GBP-
Class Z Dis GBP Hedged-
Class Z Dis HKD-
Class Z Dis RMB Hedged-
Class Z Dis SGD Hedged-
Class A1 Dis-
Class A1 Dis AUD Hedged-
Class A1 Dis EUR-
Class A1 Dis EUR Hedged-
Class A1 Dis PLN Hedged-
Class A1 Dis USD-
Class A1 Dis USD Hedged-
Class X1 Dis-
Class A Acc105.7968
Class A Acc AUD Hedged-
Class A Acc CHF-
Class A Acc CHF Hedged-
Class A Acc EUR103.8124
Class A Acc EUR Hedged-
Class A Acc EUR Duration Hedged-
Class A Acc GBP-
Class A Acc GBP Hedged-
Class A Acc HKD-
Class A Acc NOK-
Class A Acc NOK Hedged-
Class A Acc PLN Hedged-
Class A Acc RMB Hedged-
Class A Acc SEK-
Class A Acc SEK Hedged-
Class A Acc SGD-
Class A Acc SGD Hedged-
Class A Acc USD-
Class A Acc USD Hedged-
Class B Acc105.1230
Class B Acc EUR103.8069
Class B Acc EUR Hedged-
Class B Acc USD Hedged-
Class C Acc109.0276
Class C Acc AUD-
Class C Acc AUD Hedged-
Class C Acc CHF-
Class C Acc CHF Hedged-
Class C Acc EUR103.8776
Class C Acc EUR Hedged-
Class C Acc EUR Duration Hedged-
Class C Acc GBP-
Class C Acc GBP Hedged-
Class C Acc JPY Hedged-
Class C Acc NOK-
Class C Acc RMB Hedged-
Class C Acc SEK Hedged-
Class C Acc USD-
Class C Acc USD Hedged-
Class CN Acc-
Class CN Acc EUR Hedged-
Class D Acc-
Class D Acc EUR-
Class D Acc USD Hedged-
Class E Acc-
Class E Acc CHF Hedged-
Class E Acc EUR Hedged-
Class E Acc GBP-
Class E Acc GBP Hedged-
Class E Acc USD-
Class F Acc SGD-
Class I Acc112.9082
Class I Acc AUD-
Class I Acc CHF-
Class I Acc CHF Hedged-
Class I Acc EUR-
Class I Acc EUR Hedged-
Class I Acc GBP-
Class I Acc GBP Hedged-
Class I Acc JPY Hedged-
Class I Acc USD-
Class I Acc USD Hedged-
Class IA Acc-
Class IA Acc GBP Hedged-
Class IB Acc-
Class IC Acc-
Class IZ Acc-
Class IZ Acc EUR-
Class IZ Acc EUR Hedged-
Class IZ Acc GBP-
Class IZ Acc GBP Hedged-
Class J Acc JPY-
Class R Acc-
Class R Acc GBP Hedged-
Class R Acc USD Hedged-
Class S Acc-
Class S Acc EUR-
Class S Acc EUR Hedged-
Class S Acc GBP Hedged-
Class X Acc-
Class X Acc GBP Hedged-
Class Y Acc-
Class Z Acc-
Class Z Acc AUD Hedged-
Class Z Acc CHF Hedged-
Class Z Acc EUR-
Class Z Acc EUR Hedged-
Class Z Acc EUR Duration Hedged-
Class Z Acc GBP-
Class Z Acc GBP Hedged-
Class Z Acc SGD Hedged-
Class Z Acc USD Hedged-
Class A1 Acc102.5066
Class A1 Acc EUR-
Class A1 Acc EUR Hedged-
Class A1 Acc GBP Hedged-
Class A1 Acc PLN Hedged-
Class A1 Acc SEK-
Class A1 Acc USD-
Class A1 Acc USD Hedged-
Class X1 Acc-
Class X1 Acc GBP-

*各クラスの一口当たり純資産価額(NAV)は、各クラスの基軸通貨で表示しております。
2017年12月31日現在の投資有価証券明細表
シュローダー・インターナショナル・セレクション・ファンド・
ドル・リクイディティ
株式数または元本額公的取引所への上場承認を受けた
譲渡可能証券および短期金融市場証券		評価額
(米ドル)		純資産構成比
(%)
オランダ9,975,9501.39
USD10,000,000Shell International Finance BV 2.125%
11/05/2020		9,975,9501.39
ノルウェー14,386,4732.00
USD14,420,000Statoil ASA 1.15% 15/05/201814,386,4732.00
アメリカ合衆国333,371,30546.47
USD11,180,000Bank of America NA 1.75% 05/06/201811,172,7331.56
USD11,785,000PepsiCo, Inc. 5% 01/06/201811,945,0991.66
USD4,379,000Philip Morris International, Inc. 1.375% 25/02/20194,343,9240.61
USD15,000,000PNC Bank NA 1.85% 20/07/201814,994,5252.09
USD20,000,000PNC Bank NA 1.95% 04/03/201919,957,1002.78
USD5,000,000UnitedHealth Group, Inc. 1.7%
15/02/2019		4,979,4500.69
USD65,000,000US Treasury 0.75% 31/01/201864,969,5329.06
USD60,000,000US Treasury 0.875% 31/05/201859,864,0638.34
USD25,000,000US Treasury 1% 15/09/201824,879,8833.47
USD37,000,000US Treasury 0.875% 15/10/201836,753,5745.12
USD65,000,000US Treasury 0.75% 31/10/201864,466,7978.99
USD15,000,000Wachovia Corp. 5.75% 01/02/201815,044,6252.10
公的取引所への上場承認を受けた
譲渡可能証券および短期金融市場証券の合計		357,733,72849.86
株式数または元本額その他の規制市場で取引される
譲渡可能証券および短期金融市場証券		評価額
(米ドル)		純資産構成比
(%)
オーストラリア5,021,1750.70
USD5,000,000National Australia Bank Ltd., FRN, 144A
1.956% 22/05/2020		5,021,1750.70
カナダ57,451,7388.01
USD10,000,000Bank of Montreal, FRN 2.028%
15/06/2020		10,025,6001.40
USD25,000,000Bank of Nova Scotia (The) 1.57%
13/08/2018		25,000,0003.48
USD5,000,000Canadian Imperial Bank of Commerce,
FRN 1.745% 07/12/2018		5,001,1350.70
USD10,000,000Royal Bank of Canada, FRN 1.8%
10/01/2019		10,028,0001.40
USD7,400,000Toronto-Dominion Bank (The), FRN
1.515% 24/10/2019		7,397,0031.03
デンマーク24,943,3063.48
USD25,000,000Danske Corp. ZCP 20/02/201824,943,3063.48
フランス15,821,7202.20
USD5,830,000Banque Federative du Credit Mutuel SA,
FRN, 144A 1.853% 20/07/2020		5,848,8310.81
USD10,000,000BPCE SA ZCP 01/03/20189,972,8891.39
スイス14,968,8002.09
USD15,000,000Credit Suisse AG ZCP 20/02/201814,968,8002.09
イギリス19,974,4112.78
USD10,000,000Barclays Bank plc ZCP 03/01/20189,998,4111.39
USD10,000,000Barclays Bank plc ZCP 22/02/20189,976,0001.39
アメリカ合衆国161,914,68722.57
USD15,000,000Apple, Inc. 1.8% 13/11/201914,937,0002.08
USD10,000,000BB&T Corp., FRN 2.074% 15/01/202010,084,4501.41
USD5,000,000Branch Banking & Trust Co., FRN
1.809% 15/01/2020		5,015,6000.70
USD7,200,000Branch Banking & Trust Co., FRN
1.729% 01/06/2020		7,184,1961.00
USD8,000,000Citibank NA 1.85% 18/09/20197,945,4001.11
USD8,500,000Citibank NA, FRN 2.049% 12/06/20208,540,8001.19
USD4,000,000Goldman Sachs Group, Inc. (The), FRN
2.363% 13/12/2019		4,030,9400.56
USD7,500,000Honeywell International, Inc., FRN
1.418% 30/10/2019		7,492,0501.05
USD20,000,000J.P. Morgan Securities LLC ZCP
20/02/2018		19,958,1112.78
USD10,000,000John Deere Capital Corp., FRN 1.463%
05/07/2019		9,996,5001.39
USD4,580,000JPMorgan Chase & Co., FRN 2.583%
29/10/2020		4,686,6450.65
USD10,000,000Morgan Stanley, FRN 2.103%
23/07/2019		10,059,3001.40
USD10,000,000Morgan Stanley, FRN 2.213%
14/02/2020		10,038,3501.40
USD10,000,000PepsiCo, Inc., FRN 1.35% 15/10/20189,998,2001.40
USD10,000,000US Bank NA 2% 24/01/20209,958,9001.39
USD7,000,000US Treasury Bill ZCP 08/02/20186,991,3200.97
USD15,000,000Wal-Mart Stores, Inc., FRN 1.309%
09/10/2019		14,996,9252.09
その他の規制市場で取引される譲渡可能証券
および短期金融市場証券の合計		300,095,83741.83
投資総額657,829,56591.69
その他の純資産59,635,1058.31
純資産総額717,464,670100.00

IRBANK 採用情報

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クラウドインフラ & セキュリティエンジニア

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  • 大規模金融データを安全かつ高速に処理するインフラを設計・構築できます。
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学生インターン

  • 月間500万PVを超える日本最大級のIRデータプラットフォームの運営に携わり、金融・データ・プロダクトの現場を学生のうちから体験できます。
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