FOR VALIDATION PURPOSES ONLY


Nonconvertible Bonds – 72.2%

	Principal Amount		Value
COMMUNICATION SERVICES – 5.0%
Diversified Telecommunication Services – 2.5%
AT&T, Inc.:
2.45% 6/30/20	$	927,000	$	928,369
2.80% 2/17/21		1,381,000		1,393,133
3.60% 2/17/23		788,000		823,304
Verizon Communications, Inc.:
2.946% 3/15/22		100,000		102,336
3.125% 3/16/22		2,140,000		2,197,101

				5,444,243

Media – 2.5%
Charter Communications Operating LLC / Charter Communications Operating Capital:
3.579% 7/23/20		543,000		546,904
4.464% 7/23/22		1,638,000		1,718,546
Comcast Corp.:
3.45% 10/1/21		512,000		526,274
3.70% 4/15/24		788,000		838,032
3.95% 10/15/25		252,000		274,787
Discovery Communications LLC 2.95% 3/20/23		973,000		990,604
The Walt Disney Co.
4.50% 2/15/21		373,000		384,480

				5,279,627


TOTAL COMMUNICATION SERVICES				10,723,870


CONSUMER DISCRETIONARY – 1.8%
Automobiles – 0.9%
BMW US Capital LLC:
2.70% 4/6/22 (a)		466,000		472,369
3.45% 4/12/23 (a)		296,000		307,001
Daimler Finance North America LLC:
2.25% 3/2/20 (a)		500,000		500,154
2.30% 2/12/21 (a)		200,000		200,246
Volkswagen Group of America Finance LLC:
2.40% 5/22/20 (a)		200,000		200,230
4.00% 11/12/21 (a)		200,000		206,703

				1,886,703

Hotels, Restaurants & Leisure – 0.3%
McDonald’s Corp. 2.625% 1/15/22		378,000		383,531
Starbucks Corp. 3.80% 8/15/25		184,000		198,155

				581,686

Leisure Products – 0.1%
Hasbro, Inc. 2.60% 11/19/22		156,000		156,515




	Principal Amount		Value
Multiline Retail – 0.4%
Dollar Tree, Inc. 4.00% 5/15/25	$	860,000	$	907,476

Specialty Retail – 0.1%
AutoZone, Inc. 3.125% 7/15/23		266,000		273,658


TOTAL CONSUMER DISCRETIONARY				3,806,038


CONSUMER STAPLES – 4.7%
Beverages – 1.6%
Anheuser-Busch InBev Finance, Inc. 3.30% 2/1/23		1,770,000		1,835,117
Anheuser-Busch InBev Worldwide, Inc. 4.15% 1/23/25		352,000		383,244
Molson Coors Brewing Co.:
3.00% 7/15/26		660,000		663,609
3.50% 5/1/22		322,000		330,457
PepsiCo, Inc. 1.70% 10/6/21		202,000		201,834

				3,414,261

Food & Staples Retailing – 1.1%
Alimentation Couche-Tard, Inc. 2.35% 12/13/19 (a)		294,000		294,032
CVS Health Corp.:
2.80% 7/20/20		90,000		90,414
3.35% 3/9/21		441,000		448,070
3.70% 3/9/23		1,371,000		1,427,658

				2,260,174

Food Products – 0.3%
Conagra Brands, Inc. 3.80% 10/22/21		512,000		527,147
The JM Smucker Co. 2.50% 3/15/20		203,000		203,288

				730,435

Tobacco – 1.7%
Altria Group, Inc.:
2.85% 8/9/22		460,000		466,622
3.49% 2/14/22		347,000		356,401
3.80% 2/14/24		182,000		191,271
BAT International Finance PLC 3.50% 6/15/22 (a)		378,000		388,808
Imperial Brands Finance PLC:
2.95% 7/21/20 (a)		500,000		501,729
3.125% 7/26/24 (a)		250,000		250,990
3.75% 7/21/22 (a)		200,000		205,975
Philip Morris International, Inc.:
2.625% 2/18/22		93,000		94,314
2.875% 5/1/24		368,000		378,428


Nonconvertible Bonds – continued

	Principal Amount		Value
CONSUMER STAPLES – continued
Tobacco – continued
Reynolds American, Inc. 3.25% 6/12/20	$	852,000	$	856,862

				3,691,400


TOTAL CONSUMER STAPLES				10,096,270


ENERGY – 6.6%
Oil, Gas & Consumable Fuels – 6.6%
Canadian Natural Resources Ltd. 3.45% 11/15/21		1,722,000		1,760,896
Cenovus Energy, Inc.:
3.00% 8/15/22		684,000		691,692
3.80% 9/15/23		298,000		308,133
Columbia Pipeline Group, Inc. 3.30% 6/1/20		41,000		41,202
Energy Transfer Operating LP:
4.20% 9/15/23		421,000		440,286
4.50% 4/15/24		280,000		296,036
Enterprise Products Operating LLC:
2.80% 2/15/21		692,000		698,340
2.85% 4/15/21		616,000		622,297
EQT Corp. 2.50% 10/1/20		95,000		94,856
Kinder Morgan Energy Partners LP 3.50% 9/1/23		455,000		471,008
Kinder Morgan, Inc. 3.05% 12/1/19		693,000		693,000
MPLX LP:
3 month U.S. LIBOR + 1.100% 3.202% 9/9/22 (b)(c)		52,000		52,184
3.375% 3/15/23		531,000		543,233
4.50% 7/15/23		347,000		367,852
Newfield Exploration Co. 5.625% 7/1/24		99,000		107,988
Occidental Petroleum Corp.:
2.60% 8/13/21		34,000		34,168
2.70% 8/15/22		30,000		30,249
2.90% 8/15/24		399,000		400,877
3.125% 2/15/22		66,000		66,998
3.20% 8/15/26		313,000		314,833
3 month U.S. LIBOR + 1.450% 3.36% 8/15/22 (b)(c)		184,000		185,097
4.85% 3/15/21		788,000		812,312
Petrobras Global Finance BV 5.299% 1/27/25		460,000		497,720
Petroleos Mexicanos:
6.375% 2/4/21		300,000		311,625
6.49% 1/23/27 (a)		420,000		442,050
Plains All American Pipeline LP / PAA Finance Corp. 3.65% 6/1/22		1,476,000		1,509,893




	Principal Amount		Value
The Williams Cos., Inc. 3.60% 3/15/22	$	1,271,000	$	1,304,571
Total Capital International S.A. 2.75% 6/19/21		204,000		206,866
Western Midstream Operating LP 5.375% 6/1/21		759,000		781,456


TOTAL ENERGY				14,087,718


FINANCIALS – 30.4%
Banks – 14.2%
Bank of America Corp.:
2.625% 4/19/21		3,812,000		3,846,564
4.20% 8/26/24		496,000		531,470
Barclays PLC:
3.25% 1/12/21		1,203,000		1,214,348
3.932% 5/7/25 (c)		500,000		521,369
BBVA USA:
2.875% 6/29/22		250,000		253,794
3.50% 6/11/21		266,000		270,636
Capital One N.A. 2.15% 9/6/22		250,000		249,523
CIT Bank N.A. 2.969% 9/27/25 (c)		325,000		321,838
Citibank N.A. 3.65% 1/23/24		250,000		264,436
Citigroup, Inc.:
2.65% 10/26/20		85,000		85,502
2.70% 10/27/22		3,127,000		3,176,224
4.40% 6/10/25		520,000		561,717
Citizens Bank N.A. 2.55% 5/13/21		500,000		503,442
Credit Suisse AG 2.10% 11/12/21		250,000		250,537
Credit Suisse Group AG 2.593% 9/11/25 (a)(c)		320,000		319,481
Discover Bank 3.35% 2/6/23		1,000,000		1,030,521
Fifth Third Bancorp 2.875% 7/27/20		101,000		101,503
First Horizon National Corp. 3.50% 12/15/20		169,000		171,043
HSBC Holdings PLC 3 month U.S. LIBOR + 1.211% 3.803% 3/11/25 (b)(c)		250,000		261,302
ING Groep N.V. 3.15% 3/29/22		250,000		255,672
Intesa Sanpaolo SpA 3.375% 1/12/23 (a)		475,000		480,511
JPMorgan Chase & Co.:
2.55% 3/1/21		4,544,000		4,574,373
2.75% 6/23/20		387,000		388,477


Nonconvertible Bonds – continued

	Principal Amount		Value
FINANCIALS – continued
Banks – continued
3 month U.S. LIBOR + 0.695% 3.207% 4/1/23 (b)(c)	$	500,000	$	511,265
KeyBank N.A. 3.30% 2/1/22		250,000		256,796
KeyCorp 2.90% 9/15/20		703,000		708,063
Regions Financial Corp.:
2.75% 8/14/22		886,000		899,749
3.20% 2/8/21		925,000		936,095
Royal Bank of Scotland Group PLC 3 month U.S. LIBOR + 1.550% 4.519% 6/25/24 (b)(c)		1,250,000		1,322,599
Santander Holdings USA, Inc. 3.40% 1/18/23		768,000		787,041
SunTrust Banks, Inc. 2.90% 3/3/21		252,000		254,357
Synovus Financial Corp. 3.125% 11/1/22		195,000		196,911
The Huntington National Bank 2.50% 8/7/22		250,000		252,709
Wells Fargo & Co.:
2.10% 7/26/21		3,472,000		3,479,264
4.30% 7/22/27		500,000		548,411
Westpac Banking Corp. 4.11% 7/24/34 (c)		283,000		293,346
Zions Bancorp N.A. 3.35% 3/4/22		250,000		255,765

				30,336,654

Capital Markets – 4.2%
Credit Suisse Group AG 3.574% 1/9/23 (a)		750,000		768,361
Morgan Stanley:
2.50% 4/21/21		99,000		99,611
2.625% 11/17/21		2,879,000		2,910,200
2.72% 7/22/25 (c)		788,000		797,354
4.875% 11/1/22		46,000		49,320
The Goldman Sachs Group, Inc.:
2.625% 4/25/21		3,654,000		3,679,615
3.20% 2/23/23		759,000		780,660

				9,085,121

Consumer Finance – 5.0%
American Express Credit Corp. 2.25% 5/5/21		2,016,000		2,025,511
American Honda Finance Corp.:
1.70% 9/9/21		1,600,000		1,595,048
2.15% 3/13/20		198,000		198,103
Capital One Financial Corp. 3.20% 1/30/23		2,102,000		2,161,275
Caterpillar Financial Services Corp. 2.25% 12/1/19		174,000		174,000




	Principal Amount		Value
Ford Motor Credit Co. LLC 3.339% 3/28/22	$	1,500,000	$	1,509,230
Hyundai Capital America 2.60% 3/19/20 (a)		90,000		90,089
Synchrony Financial:
2.85% 7/25/22		234,000		236,267
4.25% 8/15/24		542,000		571,565
4.375% 3/19/24		861,000		912,320
Toyota Motor Credit Corp. 2.60% 1/11/22		1,124,000		1,140,155

				10,613,563

Diversified Financial Services – 3.7%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust:
3.30% 1/23/23		300,000		307,156
4.875% 1/16/24		150,000		162,638
Aon PLC 2.80% 3/15/21		696,000		702,198
Avolon Holdings Funding Ltd.:
3.625% 5/1/22 (a)		37,000		37,809
3.95% 7/1/24 (a)		49,000		50,808
Deutsche Bank AG:
3.15% 1/22/21		125,000		125,168
3.30% 11/16/22		1,250,000		1,256,067
General Motors Financial Co., Inc.:
3.20% 7/13/20		792,000		796,147
3.25% 1/5/23		1,600,000		1,626,021
4.20% 3/1/21		449,000		458,469
Intercontinental Exchange, Inc. 3.45% 9/21/23		264,000		277,272
International Lease Finance Corp. 5.875% 8/15/22		211,000		230,244
Mitsubishi UFJ Financial Group, Inc.:
2.623% 7/18/22		250,000		252,907
3.218% 3/7/22		378,000		387,114
Moody’s Corp.:
2.625% 1/15/23		780,000		791,012
2.75% 12/15/21		97,000		98,359
UBS AG 2.45% 12/1/20 (a)		200,000		200,638
Washington Prime Group LP 3.85% 4/1/20		181,000		180,547

				7,940,574

Insurance – 3.3%
AIG Global Funding 2.30% 7/1/22 (a)		493,000		495,027
American International Group, Inc.:
3.30% 3/1/21		285,000		289,189
4.20% 4/1/28		378,000		416,696
4.875% 6/1/22		1,708,000		1,827,944
Aon Corp.:
2.20% 11/15/22		573,000		573,422


Nonconvertible Bonds – continued

	Principal Amount		Value
FINANCIALS – continued
Insurance – continued
5.00% 9/30/20	$	97,000	$	99,382
AXA Equitable Holdings, Inc. 3.90% 4/20/23		318,000		333,056
Liberty Mutual Group, Inc. 5.00% 6/1/21 (a)		367,000		379,413
Marsh & McLennan Cos., Inc.:
2.75% 1/30/22		697,000		707,727
3.875% 3/15/24		553,000		587,921
4.80% 7/15/21		301,000		312,739
Pricoa Global Funding I 2.40% 9/23/24 (a)		317,000		319,984
The Hartford Financial Services Group, Inc. 5.50% 3/30/20		607,000		613,945
Unum Group 5.625% 9/15/20		204,000		209,531

				7,165,976


TOTAL FINANCIALS				65,141,888


HEALTH CARE – 7.2%
Biotechnology – 0.1%
Amgen, Inc. 2.65% 5/11/22		200,000		202,629

Health Care Equipment & Supplies – 1.9%
Abbott Laboratories 2.90% 11/30/21		777,000		791,030
Alcon Finance Corp. 2.75% 9/23/26 (a)		200,000		203,216
Becton Dickinson & Co.:
2.894% 6/6/22		420,000		426,421
3 month U.S. LIBOR + 0.875% 2.979% 12/29/20 (b)(c)		171,000		171,106
Boston Scientific Corp. 3.45% 3/1/24		597,000		624,754
Shire Acquisitions Investments Ireland DAC 2.40% 9/23/21		1,692,000		1,699,647
Zimmer Biomet Holdings, Inc. 3 month U.S. LIBOR + 0.750% 2.914% 3/19/21 (b)(c)		187,000		187,035

				4,103,209

Health Care Providers & Services – 1.8%
Anthem, Inc. 2.95% 12/1/22		91,000		93,037
Centene Corp. 4.75% 1/15/25 (a)(d)		165,000		171,415
Cigna Corp.:
3.40% 9/17/21		637,000		651,017
3.75% 7/15/23		174,000		181,906
4.75% 11/15/21 (a)		1,689,000		1,766,821




	Principal Amount		Value
Express Scripts Holding Co. 2.60% 11/30/20	$	48,000	$	48,253
Humana, Inc. 2.50% 12/15/20		210,000		210,844
UnitedHealth Group, Inc. 2.125% 3/15/21		715,000		716,779

				3,840,072

Life Sciences Tools & Services – 0.2%
Thermo Fisher Scientific, Inc. 2.95% 9/19/26		378,000		388,848
Pharmaceuticals – 3.2%
AbbVie, Inc.:
2.30% 11/21/22 (a)		330,000		330,558
2.50% 5/14/20		182,000		182,301
Allergan Funding SCS:
3.00% 3/12/20		287,000		287,477
3.45% 3/15/22		1,464,000		1,495,867
Bayer US Finance II LLC 3.50% 6/25/21 (a)		500,000		508,248
Bristol-Myers Squibb Co.:
2.60% 5/16/22 (a)		367,000		373,277
2.90% 7/26/24 (a)		460,000		474,403
3.20% 6/15/26 (a)		378,000		397,283
Elanco Animal Health, Inc.:
3.912% 8/27/21		291,000		298,401
4.272% 8/28/23		294,000		307,795
GlaxoSmithKline Capital PLC 3.125% 5/14/21		261,000		265,474
Mylan N.V. 3.15% 6/15/21		1,800,000		1,820,635
Perrigo Finance Unlimited Co. 3.50% 12/15/21		211,000		212,610
Zoetis, Inc. 3.45% 11/13/20		29,000		29,339

				6,983,668


TOTAL HEALTH CARE				15,518,426


INDUSTRIALS – 3.6%
Aerospace & Defense – 0.3%
BAE Systems Holdings, Inc. 2.85% 12/15/20 (a)		277,000		278,856
United Technologies Corp. 3.35% 8/16/21		422,000		431,577

				710,433

Airlines – 0.9%
American Airlines Pass Through Trust 3.85% 8/15/29		430,000		436,673
Delta Air Lines, Inc.:
2.875% 3/13/20		805,000		806,638
2.90% 10/28/24		460,000		454,747


Nonconvertible Bonds – continued

	Principal Amount		Value
INDUSTRIALS – continued
Airlines – continued
United Airlines Pass Through Trust 3.50% 11/1/29	$	295,000	$	297,212

				1,995,270

Commercial Services & Supplies – 0.2%
Waste Management, Inc. 2.95% 6/15/24		376,000		388,232

Industrial Conglomerates – 1.0%
General Electric Co. 2.20% 1/9/20		1,301,000		1,300,878
Ingersoll-Rand Global Holding Co. Ltd. 2.90% 2/21/21		172,000		173,235
Roper Technologies, Inc.:
2.80% 12/15/21		196,000		198,636
3.00% 12/15/20		94,000		94,878
3.65% 9/15/23		253,000		265,945

				2,033,572

Machinery – 0.3%
John Deere Capital Corp. 2.60% 3/7/24		109,000		111,238
Wabtec Corp. 4.40% 3/15/24		512,000		543,100

				654,338

Trading Companies & Distributors – 0.9%
Air Lease Corp.:
2.50% 3/1/21		188,000		188,723
2.625% 7/1/22		1,190,000		1,200,225
3.375% 6/1/21		399,000		405,333
4.75% 3/1/20		175,000		176,080

				1,970,361


TOTAL INDUSTRIALS				7,752,206


INFORMATION TECHNOLOGY – 2.7%
Electronic Equipment, Instruments & Components – 0.1%
Amphenol Corp.:
2.20% 4/1/20		190,000		190,095
3.20% 4/1/24		37,000		38,346

				228,441

IT Services – 0.8%
International Business Machines Corp. 2.85% 5/13/22		300,000		305,738
The Western Union Co. 4.25% 6/9/23		1,290,000		1,361,895

				1,667,633

Semiconductors & Semiconductor Equipment – 0.3%
Analog Devices, Inc. 2.85% 3/12/20		206,000		206,454
Micron Technology, Inc. 4.185% 2/15/27		460,000		483,778

				690,232




	Principal Amount		Value
Software – 0.3%
Oracle Corp. 1.90% 9/15/21	$	698,000	$	698,204

Technology Hardware, Storage & Peripherals – 1.2%
Dell International LLC / EMC Corp.:
4.42% 6/15/21 (a)		1,689,000		1,739,134
5.45% 6/15/23 (a)		624,000		676,241

				2,415,375


TOTAL INFORMATION TECHNOLOGY				5,699,885


MATERIALS – 0.5%
Chemicals – 0.5%
Chevron Phillips Chemical Co. LLC / Chevron Phillips Chemical Co. LP 3.30% 5/1/23 (a)		185,000		191,134
The Mosaic Co. 3.25% 11/15/22		780,000		797,235


TOTAL MATERIALS				988,369


REAL ESTATE – 3.1%
Equity Real Estate Investment Trusts (REITs) – 2.4%
Boston Properties LP 3.20% 1/15/25		1,224,000		1,265,292
Brixmor Operating Partnership LP 3.875% 8/15/22		673,000		700,912
Federal Realty Investment Trust 2.55% 1/15/21		179,000		179,843
Healthcare Trust of America Holdings LP 3.50% 8/1/26		30,000		31,271
Omega Healthcare Investors, Inc. 4.375% 8/1/23		467,000		496,805
SBA Tower Trust 2.836% 1/15/25 (a)		137,000		138,572
Simon Property Group LP 2.75% 6/1/23		1,535,000		1,573,505
SITE Centers Corp. 4.625% 7/15/22		37,000		38,603
Welltower, Inc.:
3.625% 3/15/24		296,000		311,186
3.95% 9/1/23		349,000		369,212

				5,105,201

Real Estate Management & Development – 0.7%
American Campus Communities Operating Partnership LP 3.35% 10/1/20		36,000		36,334
Brandywine Operating Partnership LP:
3.95% 2/15/23		10,000		10,386
4.10% 10/1/24		19,000		20,079
Tanger Properties LP 3.875% 12/1/23		100,000		102,915


Nonconvertible Bonds – continued

	Principal Amount		Value
REAL ESTATE – continued
Real Estate Management & Development – continued
Ventas Realty LP:
2.65% 1/15/25	$	277,000	$	278,084
3.00% 1/15/30		540,000		536,315
3.125% 6/15/23		342,000		350,936
3.50% 4/15/24		175,000		182,920

				1,517,969


TOTAL REAL ESTATE				6,623,170


UTILITIES – 6.6%
Electric Utilities – 1.9%
Berkshire Hathaway Energy Co.:
2.375% 1/15/21		190,000		190,893
2.80% 1/15/23		211,000		214,942
Duke Energy Corp. 1.80% 9/1/21		597,000		595,187
Emera US Finance LP 2.70% 6/15/21		700,000		705,081
Eversource Energy 2.50% 3/15/21		692,000		695,471
Exelon Corp.:
2.85% 6/15/20		94,000		94,343
3.497% 6/1/22		707,000		724,970
ITC Holdings Corp. 2.70% 11/15/22		261,000		264,198
Mississippi Power Co. 3 month U.S. LIBOR + 0.650% 2.75% 3/27/20 (b)(c)		172,000		172,061
The Southern Co. 2.35% 7/1/21		210,000		210,834
Xcel Energy, Inc. 2.40% 3/15/21		99,000		99,440

				3,967,420

Independent Power and Renewable Electricity Producers – 0.3%
Southern Power Co. 2.375% 6/1/20		696,000		696,919

Multi-Utilities – 4.4%
American Electric Power Co., Inc. 2.15% 11/13/20		716,000		717,087
CenterPoint Energy, Inc. 2.50% 9/1/22		685,000		689,593
Consolidated Edison, Inc. 2.00% 5/15/21		301,000		301,137
Dominion Energy Gas Holdings LLC 2.50% 11/15/24		591,000		592,325
Dominion Energy, Inc.:
2.00% 8/15/21		2,058,000		2,054,704
2.715% 8/15/21		288,000		289,853
DTE Energy Co. 2.25% 11/1/22		460,000		459,147




	Principal Amount		Value
NiSource, Inc.:
2.65% 11/17/22	$	197,000	$	199,211
2.95% 9/1/29		285,000		285,097
3.65% 6/15/23		941,000		983,210
Public Service Enterprise Group, Inc.:
2.00% 11/15/21		211,000		210,785
2.65% 11/15/22		211,000		214,023
Sempra Energy:
2.40% 3/15/20		607,000		607,348
2.85% 11/15/20		186,000		187,197
2.90% 2/1/23		340,000		345,948
Virginia Electric & Power Co. 2.75% 3/15/23		206,000		210,042
WEC Energy Group, Inc.:
3.10% 3/8/22		294,000		300,079
3.375% 6/15/21		781,000		796,403

				9,443,189


TOTAL UTILITIES				14,107,528


TOTAL NONCONVERTIBLE BONDS (Cost $152,437,947)				154,545,368


U.S. Treasury Obligations – 20.2%
U.S. Treasury Notes:
1.125% 2/28/21		6,825,200		6,776,944
1.875% 9/30/22		1,615,700		1,627,881
2.125% 3/31/24		2,018,000		2,059,464
2.375% 8/15/24		4,843,200		5,004,388
2.625% 6/30/23 to 2/15/29		13,439,600		13,969,580
2.75% 6/30/25		4,843,200		5,119,035
2.875% 11/30/25		8,075,200		8,614,913


TOTAL U.S. TREASURY OBLIGATIONS (Cost $42,909,390)				43,172,205


Collateralized Mortgage Obligations – 3.4%

PRIVATE SPONSOR – 2.6%
BAMLL Commercial Mortgage Securities Trust Series 2019-BPR, Class ANM 3.112% 11/5/32 (a)		138,000		142,137
Barclay’s Commercial Mortgage Trust Series 2017-C1, Class ASB 3.488% 2/15/50		500,000		526,750
Benchmark Mortgage Trust Series 2018-B2, Class A2 3.662% 2/15/51		215,000		223,645
BX Commercial Mortgage Trust Series 2019-XL, Class A 1 month U.S. LIBOR + 0.920% 2.685% 10/15/36 (a)(b)(c)		404,000		404,379


Collateralized Mortgage Obligations – continued

	Principal Amount		Value
PRIVATE SPONSOR – continued
CGDB Commercial Mortgage Trust Series 2019-MOB, Class A 1 month U.S. LIBOR + 0.950% 2.80% 11/15/36 (a)(b)(c)	$	100,000	$	100,000
Citigroup Commercial Mortgage Trust Series 2012-GC8, Class AS 3.683% 9/10/45 (a)		131,000		135,611
Citigroup Commercial Mortgage Trust Series 2016-GC36, Class AAB 3.368% 2/10/49		133,000		138,328
COMM Mortgage Trust Series 2013-LC6, Class ASB 2.478% 1/10/46		346,108		347,754
GS Mortgage Securities Trust Series 2012-GC6, Class A3 3.482% 1/10/45		113,571		115,837
GS Mortgage Securities Trust Series 2012-GC6, Class AS 4.948% 1/10/45 (a)		257,000		268,972
GS Mortgage Securities Trust Series 2013-GC16, Class AS 4.649% 11/10/46		255,000		276,251
JP Morgan Chase Commercial Mortgage Securities Trust Series 2012-LC9, Class AS 3.353% 12/15/47 (a)		770,000		788,258
JP Morgan Chase Commercial Mortgage Securities Trust Series 2014-C20, Class A3A1 3.472% 7/15/47		146,997		149,322
JP Morgan Chase Commercial Mortgage Securities Trust Series 2019-BKWD, Class A 1 month U.S. LIBOR + 1.000% 2.765% 9/15/29 (a)(b)(c)		121,000		121,000
JPMBB Commercial Mortgage Securities Trust Series 2013-C17, Class AS 4.458% 1/15/47		327,000		351,216
JPMBB Commercial Mortgage Securities Trust Series 2014-C22, Class A4 3.801% 9/15/47		226,000		240,710
Lanark Master Issuer PLC Series 2019-2A, Class 1A 2.71% 12/22/69 (a)		273,000		274,355
Morgan Stanley Capital I Trust Series 2019-MEAD, Class A 3.17% 11/10/36 (a)		302,000		311,288
Nationstar HECM Loan Trust Series 2019-2A, Class A 2.272% 11/26/29 (a)(b)(c)		122,000		121,617




	Principal Amount		Value
New Residential Mortgage Loan Trust Series 2019-5A, Class A1B 3.50% 8/25/59 (a)(b)(c)	$	170,389	$	174,352
UBS-Barclays Commercial Mortgage Trust Series 2013-C5, Class AAB 2.687% 3/10/46		340,102		342,387


TOTAL PRIVATE SPONSOR				5,554,169


U.S. GOVERNMENT AGENCY – 0.8%
Fannie Mae:
3.00% 12/01/31		176,809		181,485
3.00% 3/25/48		755,205		771,259
3.00% 10/25/48		288,985		296,221
Fannie Mae guaranteed REMIC Series 2015-28, Class P 2.50% 5/25/45		84,005		84,988
Federal Home Loan Mortgage Corp. REMIC Series 4433, Class DE 2.00% 8/15/32		83,522		83,218
Federal Home Loan Mortgage Corp. REMIC Series 4437, Class DE 2.00% 10/15/32		87,182		86,659
Federal National Mortgage Association REMIC Series 2019-59, Class AB 2.50% 10/25/39		289,699		291,701


TOTAL U.S. GOVERNMENT AGENCY				1,795,531


TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $7,347,242)				7,349,700


Asset-Backed Securities – 2.5%
AASET Trust Series 2019-2, Class A 3.376% 10/16/39 (a)		248,275		247,050
American Credit Acceptance Receivables Trust Series 2019-3, Class A 2.44% 12/12/22 (a)		149,947		150,165
AmeriCredit Automobile Receivables Trust Series 2019-3, Class A2A 2.17% 1/18/23		212,000		212,213
Capital One Multi-Asset Execution Trust Series 2019-A1, Class A1 2.84% 12/15/24		331,000		338,211
Carmax Auto Owner Trust Series 2019-1, Class A3 3.05% 3/15/24		200,000		203,532
Consumer Loan Underlying Bond CLUB Credit Certificate Issuer Trust Series 2019-HP1, Class A 2.59% 12/15/26 (a)		264,000		263,981
Consumer Loan Underlying Bond CLUB Credit Trust Series 2019-P2, Class A 2.47% 10/15/26 (a)		288,631		288,899


Asset-Backed Securities – continued

	Principal Amount		Value
Dell Equipment Finance Trust Series 2019-2, Class A2 1.95% 12/22/21 (a)	$	270,000	$	269,794
Dell Equipment Finance Trust Series 2019-2, Class A3 1.91% 10/22/24 (a)		110,000		109,747
Discover Card Execution Note Trust Series 2019-A1, Class A1 3.04% 7/15/24		241,000		247,200
DLL LLC Series 2019-MT3, Class A2 2.13% 1/20/22 (a)		270,000		269,973
DLL LLC Series 2019-MT3, Class A3 2.08% 2/21/23 (a)		105,000		104,917
Ford Credit Auto Owner Trust Series 2019-1, Class A 3.52% 7/15/30 (a)		250,000		262,006
Ford Credit Floorplan Master Owner Trust Series 2017-2, Class A1 2.16% 9/15/22		205,000		205,233
GMF Floorplan Owner Revolving Trust Series 2018-2, Class A1 3.13% 3/15/23 (a)		328,000		332,723
Hyundai Auto Receivables Trust Series 2019-B, Class A3 1.94% 2/15/24		198,000		198,306
Mercedes-Benz Auto Lease Trust Series 2019-B, Class A3 2.00% 10/17/22		150,000		150,456
MMAF Equipment Finance LLC Series 2019-B, Class A3 2.01% 12/12/24 (a)		202,000		201,894
Santander Retail Auto Lease Trust Series 2017-A, Class A3 2.22% 1/20/21 (a)		96,600		96,634
SoFi Consumer Loan Program Series 2019-4, Class A 2.45% 8/25/28 (a)		235,653		236,204
Tesla Auto Lease Trust Series 2019-A, Class A2 2.13% 4/20/22 (a)		500,000		499,950
Upgrade Receivables Trust Series 2019-2A, Class A 2.77% 10/15/25 (a)		123,475		123,693
VOLT LXXX LLC Series 2019-NPL6, Class A1A 3.228% 10/25/49 (a)		163,753		163,883
Volvo Financial Equipment LLC Series 2019-2A, Class A3 2.04% 11/15/23 (a)		156,000		155,981


TOTAL ASSET-BACKED SECURITIES (Cost $5,298,062)				5,332,645


U.S Government Agency – Mortgage Securities – 0.5%

Fannie Mae – 0.4%
4.50% 3/1/39 to 9/1/49		791,547		847,659




	Principal Amount		Value
Ginnie Mae – 0.1%
4.50% 6/20/48	$	270,348	$	284,409


TOTAL U.S GOVERNMENT AGENCY - MORTGAGE SECURITIES (Cost $1,132,550)				1,132,068



Municipal Securities – 0.4%
New York State Urban Development Corp.:
2.55% 3/15/22		285,000		289,007
2.70% 3/15/23		235,000		240,607
State of California 2.400% 10/1/25		220,000		223,359


TOTAL MUNICIPAL SECURITIES (Cost $741,908)				752,973


Money Market Fund – 0.3%

	Shares
Fidelity Cash Central Fund, 1.61% (e) (Cost $675,922)		675,795		675,930


TOTAL INVESTMENT IN SECURITIES –99.5% (Cost $210,543,021)				212,960,889

NET OTHER ASSETS (LIABILITIES) – 0.5%				1,029,570


NET ASSETS – 100.0%			$	213,990,459

Legend

(a)

Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $20,981,029 or 9.8% of net assets.

(b)

Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(c)

Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(d)

Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(e)

Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund’s holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund’s financial statements are available on the SEC’s website or upon request.

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Amounts in the income column in the above table include any capital gain distributions from underlying funds.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund’s investments to the Fair Value Committee (the Committee) established by the Fund’s investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee’s activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund’s investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 – quoted prices in active markets for identical investments: Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 – unobservable inputs (including the Fund’s own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund’s investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds, municipal securities and U.S government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. Asset backed securities, collateralized mortgage obligations and U.S. government agency mortgage securities are valued by pricing vendors who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type of by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

For additional information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semiannual or annual shareholder report.

The fund’s schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund’s shareholders. For more information regarding the fund and its holdings, please see the fund’s most recent prospectus and semiannual report.

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Fund	Income earned
Fidelity Cash Central Fund	$	5,393