BROADCOM INC 144A 4.700000% 04/15/2025

NPORT-P false 0001593547 XXXXXXXX S000061933 C000200669 ADVISORS' INNER CIRCLE III 811-22920 0001593547 549300TG800HOPJVWT31 ONE FREEDOM VALLEY DRIVE OAKS 19456 8774463863 Penn Mutual AM Strategic Income Fund S000061933 549300J2WFCC4B4BPD96 2020-12-31 2020-06-30 N 115308710.28 117596.59 115191113.69 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3685575.62000000 USD N BROADCOM INC. 549300WV6GIDOZJTV909 BROADCOM INC 144A 4.700000% 04/15/2025 11135FAF8 1300000.00000000 PA USD 1464806.68000000 1.271631667649 Long DBT CORP US Y 2 2025-04-15 Fixed 4.70000000 N N N N N N THE BOEING COMPANY RVHJWBXLJ1RFUBSY1F30 BOEING CO/THE 3.250000% 02/01/2035 097023CP8 1300000.00000000 PA USD 1185341.51000000 1.029021659769 Long DBT CORP US N 2 2035-02-01 Fixed 3.25000000 N N N N N N United States of America N/A US LONG BOND(CBT) SEP20 FINANCIAL COMMODITY FUTURE. N/A -5.00000000 NC USD -892812.50000000 -0.77507063817 N/A DIR US N 1 WILLIAM BLAIR & CO. N/A Short U.S. Treasury Futures US Long Bond (CBT) Sep 2020 2020-09-24 -893427.65000000 USD 615.15000000 N N N United States of America 254900HROIFWPRGM1V77 US TREASURY N/B 2.875000% 10/31/2023 9128285K2 1000000.00000000 PA USD 1089062.50000000 0.945439682900 Long DBT UST US N 2 2023-10-31 Fixed 2.87500000 N N N N N N United States of America N/A US 10YR NOTE (CBT)SEP20 FINANCIAL COMMODITY FUTURE. N/A 79.00000000 NC USD 10994578.13000000 9.544640882271 N/A DIR US N 1 WILLIAM BLAIR & CO. N/A Long U.S. Treasury Futures US 10 Year Treasury Note Future (consolidated) Sep 2020 2020-09-24 10971893.91000000 USD 22684.22000000 N N N SMB PRIVATE EDUCATION LOAN TRUST N/A SMB PRIVATE EDUCATION LOAN TRUST 2015-C SMB 2015-C B 78448RAE6 2000000.00000000 PA USD 2079915.80000000 1.805621747522 Long ABS-MBS US N 2 2043-09-15 Fixed 3.50000000 N N N N N N IBM CREDIT LLC 549300ZNLJL43AQTG067 IBM CREDIT LLC 3.450000% 11/30/2020 44932HAK9 2000000.00000000 PA USD 2025521.82000000 1.758401108483 Long DBT CORP US N 2 2020-11-30 Fixed 3.45000000 N N N N N N VENTURE CLO LIMITED N/A VENTURE 33 CLO LTD VENTR 2018-33A B 92330YAG8 3000000.00000000 PA USD 2888418.00000000 2.507500715526 Long ABS-CBDO CORP KY N 2 2031-07-15 Floating 3.06888120 N N N N N N Freddie Mac N/A FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K106 A1 3137FRUS8 1795672.65600000 PA USD 1899818.80000000 1.649275485878 Long DBT USGA US N 2 2029-05-25 Fixed 1.78300000 N N N N N N CRESTLINE DENALI CLO LTD N/A CRESTLINE DENALI CLO XVI LTD DEN16 2018-1A A 22615EAA8 2500000.00000000 PA USD 2437942.50000000 2.116432788870 Long ABS-CBDO CORP KY N 2 2030-01-20 Floating 2.93913000 N N N N N N STEELE CREEK CLO N/A STEELE CREEK CLO 2018-2 LTD STCR 2018-2A A 85816LAA6 2000000.00000000 PA USD 1921560.00000000 1.668149511229 Long ABS-CBDO CORP KY N 2 2031-08-18 Floating 2.89175040 N N N N N N IHS MARKIT LTD. 549300HLPTRASHS0E726 IHS MARKIT LTD 144A 5.000000% 11/01/2022 44962LAA5 1000000.00000000 PA USD 1072274.90000000 0.930865989268 Long DBT NUSS US Y 2 2022-11-01 Fixed 5.00000000 N N N N N N Freddie Mac N/A FREDDIE MAC REMICS FHR 4413 HP 3137BFB67 3985291.66100000 PA USD 4054636.93000000 3.519921632941 Long DBT USGA US N 2 2040-03-15 Fixed 3.50000000 N N N N N N AMERICAN AIRLINES 2013-1 PASS THROUGH TRUST N/A AMERICAN AIRLINES 2013-1 CLASS B PASS THROUGH TRUS 5.625000% 01/15/2021 023766AD0 1018419.77500000 PA USD 920092.36000000 0.798752899009 Long DBT CORP US Y 2 2021-01-15 Fixed 5.62500000 N N N N N N AMERICAN AIRLINES, INC. IWUQB36BXD6OWD6X4T14 AMERICAN AIRLINES 2013-2 CLASS B PASS THROUGH TRUS 5.600000% 07/15/2020 02376TAC2 1070846.49000000 PA USD 1070993.20000000 0.929753316633 Long DBT CORP US Y 2 2020-07-15 Fixed 5.60000000 N N N N N N PUBLIC SERVICE COMPANY OF COLORADO 5BANEF6PGSEK0SNMQF44 PUBLIC SERVICE CO OF COLORADO 1.900000% 01/15/2031 744448CT6 2000000.00000000 PA USD 2040387.22000000 1.771306097005 Long DBT CORP US N 2 2031-01-15 Fixed 1.90000000 N N N N N N VERIZON OWNER TRUST N/A VERIZON OWNER TRUST 2017-2 VZOT 2017-2A B 92348PAB8 1603000.00000000 PA USD 1607110.57000000 1.395168879367 Long ABS-MBS US N 2 2021-12-20 Fixed 2.22000000 N N N N N N United States of America 254900HROIFWPRGM1V77 US TREASURY N/B 1.250000% 08/31/2024 912828YE4 1400000.00000000 PA USD 1458789.07000000 1.266407644886 Long DBT UST US N 2 2024-08-31 Fixed 1.25000000 N N N N N N LOS ANGELES CALIF DEPT WTR & PWR REV N/A LOS ANGELES CA DEPT WTR & PWR LOS ANGELES DEPARTMENT OF WATER & POWER POWER SYST 544495UH5 3500000.00000000 PA USD 3500000.00000000 3.038428823094 Long DBT MUN US N 2 2040-07-01 Fixed 6.16600000 N N N N N N United States of America 254900HROIFWPRGM1V77 U.S. TREASURY INFLATION-PROTECTED SECURITIES 1% 02/15/48 912810SB5 1000000.00000000 PA USD 1373096.12000000 1.192015665110 Long DBT USGA US N 2 2048-02-15 Fixed 1.00000000 N N N N N N United States of America 254900HROIFWPRGM1V77 US TREASURY SEC. 2.375000% 05/15/2029 9128286T2 1300000.00000000 PA USD 1500281.25000000 1.302427940785 Long DBT UST US N 2 2029-05-15 Fixed 2.37500000 N N N N N N FREMF MORTGAGE TRUST N/A FREMF 2017-K69 MORTGAGE TRUST FREMF 2017-K69 B 30305KAG9 2635000.00000000 PA USD 2795790.07000000 2.427088323430 Long ABS-MBS US N 2 2049-10-25 Floating 3.72682080 N N N N N N N/A N/A BROWN BROTHERS HARRIMAN SWEEP INTEREST N/A 585148.57000000 PA USD 585148.57000000 0.507980651680 Long STIV US N 2 N N N DELTA AIR LINES, INC. Q2CCMS6R0AS67HJMBN42 DELTA AIR LINES 2007-1 CLASS B PASS THROUGH TRUST 8.021000% 08/10/2022 247367BJ3 714537.57580000 PA USD 670442.32000000 0.582026076945 Long DBT CORP US N 2 2022-08-10 Fixed 8.02100000 N N N N N N United States of America N/A US 5YR NOTE (CBT) SEP20 FINANCIAL COMMODITY FUTURE. N/A 96.00000000 NC USD 12071250.00000000 10.47932398022 N/A DIR US N 1 WILLIAM BLAIR & CO. N/A Long U.S. Treasury Futures US 5-Year Note (consolidated) Sep 2020 2020-10-03 12045174.72000000 USD 26075.28000000 N N N United States of America N/A US ULTRA BOND CBT SEP20 FINANCIAL COMMODITY FUTURE. N/A -57.00000000 NC USD -12434906.25000000 -10.7950221607 N/A DIR US N 1 WILLIAM BLAIR & CO. N/A Short U.S. Treasury Futures US Ultra T-Bond Futures (Composite) Sep 2020 2020-09-24 -12538103.61000000 USD 103197.36000000 N N N NTC CAPITAL II N/A NTC CAPITAL II VARIABLE RATE 04/15/2027 629398AA6 2100000.00000000 PA USD 1858965.30000000 1.613809642471 Long DBT CORP US N 2 2027-04-15 Floating 1.80888120 N N N N N N LOCKHEED MARTIN CORPORATION DPRBOZP0K5RM2YE8UU08 LOCKHEED MARTIN CORP 1.850000% 06/15/2030 539830BP3 2000000.00000000 PA USD 2055790.96000000 1.784678430605 Long DBT CORP US N 2 2030-06-15 Fixed 1.85000000 N N N N N N JPMORGAN CHASE & CO. 8I5DZWZKVSZI1NUHU748 JPMORGAN CHASE & CO MATURITY: PERPETUAL 46625HHA1 1363000.00000000 PA USD 1240738.90000000 1.077113381626 Long DBT CORP US N 2 2168-10-30 Floating 4.23012960 N N N N N N N/A N/A WELLS FARGO FUTURES COLLATERAL N/A 626350.00000000 PA USD 626350.00000000 0.543748540955 Long STIV US N 2 N N N Federal National Mortgage Association N/A FANNIE MAE POOL FN MA3997 31418DNP3 4228831.30200000 PA USD 4377788.33000000 3.800456640936 Long DBT USGA US N 2 2050-04-01 Fixed 3.00000000 N N N N N N ANTHEM, INC. 8MYN82XMYQH89CTMTH67 ANTHEM INC 2.375000% 01/15/2025 036752AJ2 2000000.00000000 PA USD 2122692.54000000 1.842757198886 Long DBT CORP US N 2 2025-01-15 Fixed 2.37500000 N N N N N N LEIDOS, INC. 5493006I78VIN6J1BQ95 LEIDOS INC 144A 4.375000% 05/15/2030 52532XAE5 2000000.00000000 PA USD 2252900.00000000 1.955793227299 Long DBT CORP US Y 2 2030-05-15 Fixed 4.37500000 N N N N N N ENERGY TRANSFER OPERATING, L.P. 5493008K8W3OKZE54J59 ENERGY TRANSFER OPERATING LP 7.125000% MATURITY: PERPETUAL 29278NAT0 2000000.00000000 PA USD 1710000.00000000 1.484489510711 Long DBT CORP US N 2 2169-05-15 Fixed 7.12500000 N N N N N N CHASE HOME LENDING MORTGAGE TRUST N/A CHASE HOME LENDING MORTGAGE TRUST 2019-1 CHASE 2019-1 A4 16159WAF1 2795089.24000000 PA USD 2856111.63000000 2.479454828161 Long ABS-MBS US N 2 2050-03-25 Floating 3.49999920 N N N N N N RAYTHEON TECHNOLOGIES CORPORATION I07WOS4YJ0N7YRFE7309 RAYTHEON TECHNOLOGIES CORP 2.250000% 07/01/2030 75513EAD3 2000000.00000000 PA USD 2083001.70000000 1.808300686809 Long DBT CORP US N 2 2030-07-01 Fixed 2.25000000 N N N N N N J.P. MORGAN MORTGAGE TRUST N/A JP MORGAN MORTGAGE TRUST 2017-1 JPMMT 2017-1 A11 46648CAL8 2882896.83000000 PA USD 2955816.53000000 2.566010897294 Long ABS-MBS US N 2 2047-01-25 Floating 3.49999920 N N N N N N United States of America N/A US 10YR ULTRA FUT SEP20 FINANCIAL COMMODITY FUTURE. N/A -25.00000000 NC USD -3937109.38000000 -3.41789331996 N/A DIR US N 1 WILLIAM BLAIR & CO. N/A Short U.S. Treasury Futures CBT Chicago Board of Trade Ultra 10-Year U.S. Treasury Note Electronic Bond Future Sep 2020 2020-09-24 -3926319.20000000 USD -10790.18000000 N N N Health Care Service Corporation 549300TMJ1FKCKECR148 HEALTH CARE SERVICE CORP A MUTUAL LEGAL RESERVE CO 3.200000% 06/01/2050 42218SAH1 2000000.00000000 PA USD 2034994.86000000 1.766624867849 Long DBT CORP US Y 2 2050-06-01 Fixed 3.20000000 N N N N N N United Airlines Pass Through Trust N/A UNITED AIRLINES 2013-1 CLASS B PASS THROUGH TRUST 5.375000% 08/15/2021 90931QAA5 502673.30500000 PA USD 477942.03000000 0.414912239920 Long DBT CORP US N 2 2021-08-15 Fixed 5.37500000 N N N N N N SLM STUDENT LOAN TRUST N/A SLM STUDENT LOAN TRUST 2014-2 SLMA 2014-2 A3 78448GAC4 1769612.77500000 PA USD 1686505.21000000 1.464093154389 Long ABS-MBS US N 2 2055-03-25 Floating 0.75825000 N N N N N N CENTENE CORPORATION 549300Z7JJ4TQSQGT333 CENTENE CORP 4.250000% 12/15/2027 15135BAR2 1300000.00000000 PA USD 1341483.00000000 1.164571603683 Long DBT CORP US N 2 2027-12-15 Fixed 4.25000000 N N N N N N DALLAS TEX INDPT SCH DIST N/A DALLAS TX INDEP SCH DIST DALLAS INDEPENDENT SCHOOL DISTRICT 235308RA3 2100000.00000000 PA USD 2158128.00000000 1.873519519750 Long DBT MUN US N 2 2035-02-15 Fixed 6.45000000 N N N N N N Freddie Mac N/A FREDDIE MAC REMICS FHR 4895 C 3137FMPV8 2716156.94700000 PA USD 2781491.39000000 2.414675317303 Long DBT USGA US N 2 2049-02-15 Fixed 4.50000000 N N N N N N Freddie Mac N/A FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K043 X3 3137BGK40 20425000.00000000 PA USD 1315284.22000000 1.141827852745 Long DBT USGA US N 2 2043-02-25 Floating 1.63491840 N N N N N N UNITEDHEALTH GROUP INCORPORATED 549300GHBMY8T5GXDE41 UNITEDHEALTH GROUP INC 3.500000% 06/15/2023 91324PDJ8 1000000.00000000 PA USD 1089066.63000000 0.945443268246 Long DBT CORP US N 2 2023-06-15 Fixed 3.50000000 N N N N N N WEST VIRGINIA UNIV REVS N/A WEST VIRGINIA ST UNIV REVENUES WEST VIRGINIA UNIVERSITY 956704B58 1900000.00000000 PA USD 2171985.00000000 1.885549093522 Long DBT MUN US N 2 2047-10-01 Fixed 4.00000000 N N N N N N SEQUOIA MORTGAGE TRUST N/A SEQUOIA MORTGAGE TRUST 2017-CH2 SEMT 2017-CH2 A1 81746JAA5 3682469.15740000 PA USD 3821856.14000000 3.317839386712 Long ABS-MBS US N 2 2047-12-25 Floating 3.99999960 N N N N N N ECMC GROUP STUDENT LOAN TRUST N/A ECMC GROUP STUDENT LOAN TRUST ECMC 2019-1A A1A 26829XAA9 2289625.80000000 PA USD 2359988.29000000 2.048758983571 Long ABS-MBS US N 2 2069-07-25 Fixed 2.72000000 N N N N N N FIRST EAGLE BSL CLO LLC N/A FIRST EAGLE BSL CLO 2019-1 LTD FEIM 2019-1A C 32010FAC1 2600000.00000000 PA USD 2332249.40000000 2.024678228458 Long ABS-CBDO CORP KY N 2 2033-01-20 Floating 6.22492920 N N N N N N BED BATH & BEYOND INC. 529900ZBUWWUV7BKGX39 BED BATH & BEYOND INC 5.165000% 08/01/2044 075896AC4 1500000.00000000 PA USD 848100.00000000 0.736254709961 Long DBT CORP US N 2 2044-08-01 Fixed 5.16500000 N N N N N N NAVIENT PRIVATE EDUCATION LOAN TRUST N/A NAVIENT PRIVATE EDUCATION LOAN TRUST 2014-A NAVSL 2014-AA A3 63939CAD9 2250000.00000000 PA USD 2249998.65000000 1.953274500023 Long ABS-MBS US N 2 2031-10-15 Floating 1.78475040 N N N N N N United States of America 254900HROIFWPRGM1V77 US TREASURY N/B 2.875000% 08/15/2028 9128284V9 1900000.00000000 PA USD 2250164.07000000 1.953418104851 Long DBT UST US N 2 2028-08-15 Fixed 2.87500000 N N N N N N United States of America N/A US 2YR NOTE (CBT) SEP20 FINANCIAL COMMODITY FUTURE. N/A -122.00000000 NC USD -26941031.25000000 -23.3881159639 N/A DIR US N 1 WILLIAM BLAIR & CO. N/A Short U.S. Treasury Futures US 2-YEAR NOTE (Globex) Sep 2020 2020-10-03 -26912914.82000000 USD -28116.43000000 N N N DELTA AIR LINES, INC. Q2CCMS6R0AS67HJMBN42 DELTA AIR LINES 2002-1 CLASS G-1 PASS THROUGH TRUS 6.718000% 01/02/2023 247367AX3 1273276.42900000 PA USD 1247170.70000000 1.082696972056 Long DBT CORP US N 2 2023-01-02 Fixed 6.71800000 N N N N N N UPJOHN INC. N/A UPJOHN INC 144A 2.300000% 06/22/2027 91533BAC4 2000000.00000000 PA USD 2063063.94000000 1.790992268337 Long DBT CORP US Y 2 2027-06-22 Fixed 2.30000000 N N N N N N DENTSPLY SIRONA INC. 9NHEHR1SOZCYXDO8HO28 DENTSPLY SIRONA INC 3.250000% 06/01/2030 24906PAA7 1500000.00000000 PA USD 1576975.31000000 1.369007781489 Long DBT CORP US N 2 2030-06-01 Fixed 3.25000000 N N N N N N JMP CREDIT ADVISORS CLO LTD N/A JMP CREDIT ADVISORS CLO IIIR LTD JMP 2014-1RA A 46649DAA9 1139375.70000000 PA USD 1118753.00000000 0.971214674606 Long ABS-CBDO CORP KY N 2 2028-01-17 Floating 2.68612920 N N N N N N CONTINENTAL AIRLINES INC N/A CONTINENTAL AIRLINES 2007-1 CLASS A PASS THROUGH T 5.983000% 04/19/2022 21079NAA9 1517846.62500000 PA USD 1423611.12000000 1.235868874252 Long DBT CORP US N 2 2022-04-19 Fixed 5.98300000 N N N N N N SMB PRIVATE EDUCATION LOAN TRUST N/A SMB PRIVATE EDUCATION LOAN TRUST 2015-C SMB 2015-C A3 78448RAD8 2000000.00000000 PA USD 2029351.20000000 1.761725479503 Long ABS-MBS US N 2 2032-08-16 Floating 2.13474960 N N N N N N NXP B.V. 724500RKKW4NOJ9YQF60 NXP BV / NXP FUNDING LLC / NXP USA INC 144A 3.400000% 05/01/2030 62954HAD0 2000000.00000000 PA USD 2151896.68000000 1.868109970523 Long DBT NUSS NL Y 2 2030-05-01 Fixed 3.40000000 N N N N N N SOUND POINT CLO N/A SOUND POINT CLO VII-R LTD SNDPT 2014-3RA B 83610HAE0 1750000.00000000 PA USD 1661317.00000000 1.442226702027 Long ABS-CBDO CORP KY N 2 2031-10-23 Floating 2.84299920 N N N N N N N/A N/A WELLS FARGO SWAPS COLLATERAL N/A 1.26000000 PA USD 1.26000000 0.000001093834 Long STIV US N 2 N N N NIKE, INC. 787RXPR0UX0O0XUXPZ81 NIKE INC 2.750000% 03/27/2027 654106AJ2 1300000.00000000 PA USD 1432031.60000000 1.243178882577 Long DBT CORP US N 2 2027-03-27 Fixed 2.75000000 N N N N N N Federal National Mortgage Association N/A FANNIE MAE POOL FN MA2090 31418BKC9 2387281.32000000 PA USD 2485306.74000000 2.157550752298 Long DBT USGA US N 2 2044-11-01 Fixed 3.50000000 N N N N N N USB CAPITAL IX N/A USB CAPITAL IX MATURITY: PERPETUAL 91731KAA8 1000000.00000000 PA USD 826000.00000000 0.717069202250 Long DBT CORP US N 2 2168-10-15 Floating 3.49999920 N N N N N N 2020-06-30 THE ADVISORS' INNER CIRCLE III Stephen Connors Stephen Connors CFO