| CASH AND CASH EQUIVALENTS | 111.38 | 851,403 |
| SSGH FUND LTD CFC | 5.87 | 53,800 |
| ANHEUSER- 4.7% 02/01/36 | 3.70 | 506,000 |
| VERIZON C 4.522% 09/15/48 | 3.69 | 572,000 |
| WELLS FAR 3.% 10/23/26 | 3.60 | 484,000 |
| WALT DISN 2.65% 01/13/31 | 3.59 | 528,000 |
| CITIGROUP VRN 03/31/31 | 3.58 | 484,000 |
| EQUINIX I 3.2% 11/18/29 | 3.58 | 506,000 |
| JPMORGAN VRN 03/24/31 | 3.46 | 462,000 |
| BOEING CO 5.15% 05/01/30 | 3.34 | 440,000 |
| GOLDMAN S VRN 01/27/32 | 3.08 | 484,000 |
| ORANGE SA 9.% 03/01/31 | 3.02 | 330,000 |
| METLIFE I 4.55% 03/23/30 | 3.01 | 396,000 |
| AMAZON.CO 1.5% 06/03/30 | 3.01 | 462,000 |
| SHELL INT 6.375% 12/15/38 | 2.95 | 352,000 |
| NEXTERA E 2.25% 06/01/30 | 2.93 | 440,000 |
| ABBVIE IN 3.2% 11/21/29 | 2.85 | 399,000 |
| CVS HEALT 4.3% 03/25/28 | 2.82 | 378,000 |
| BAT CAPIT 3.557% 08/15/27 | 2.81 | 378,000 |
| HOME DEPO 5.875% 12/16/36 | 2.68 | 330,000 |
| BROADCOM 3.875% 01/15/27 | 2.66 | 352,000 |
| APPLE INC 3.35% 02/09/27 | 2.65 | 352,000 |
| COCA-COLA 1.375% 03/15/31 | 2.63 | 418,000 |
| PACIFIC G 4.55% 07/01/30 | 2.62 | 352,000 |
| ORACLE CO 5.375% 07/15/40 | 2.61 | 352,000 |
| SOUTHWEST 5.125% 06/15/27 | 2.54 | 330,000 |
| FISERV IN 3.5% 07/01/29 | 2.54 | 352,000 |
| CHEVRON C 2.236% 05/11/30 | 2.53 | 374,000 |
| COSTCO WH 1.6% 04/20/30 | 2.46 | 374,000 |
| GENERAL E 5.875% 01/14/38 | 2.27 | 286,000 |
| AMGEN INC 2.2% 02/21/27 | 2.24 | 308,000 |
| MPLX LP 2.65% 08/15/30 | 2.22 | 330,000 |
| DOW CHEMI 3.6% 11/15/50 | 1.51 | 286,000 |
| SHERWIN-W 2.95% 08/15/29 | 1.40 | 198,000 |
| CASH AND CASH EQUIVALENTS | 1.23 | 159,851 |
| NORTHERN 1.95% 05/01/30 | 1.17 | 176,000 |
| CAPITAL O 3.8% 01/31/28 | 1.14 | 154,000 |
| RECV ISHARES IBOXX TRS | 0.03 | 887,852 |
| PAYB ISHARES GOLD TRUST | 0.00 | -12,915,592 |
| PAYB ISHARES IBOXX TRS | 0.00 | -887,852 |
