Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.

NPORT-P false 0000809707 XXXXXXXX S000012705 C000034241 C000034240 C000034239 C000034238 C000128884 Franklin Investors Securities Trust 811-04986 0000809707 549300XUGIR9DEQFV548 One Franklin Parkway San Mateo 94403-1906 650-312-2000 Franklin Managed Income Fund S000012705 XM9TFFPJNQZE8D26W802 2021-10-31 2021-10-31 N 4210698904.86 12334845.54 4198364059.32 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 1437908.83000000 USD N Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. N/A Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. 983130AV7 10000000.00000000 PA USD 10181250.00000000 0.242505172399 Long DBT CORP US N 2 2025-03-01 Fixed 5.50000000 N N N N N N Fiserv, Inc. GI7UBEJLXYLGR2C7GV83 Fiserv, Inc. 337738AR9 20000000.00000000 PA USD 22658096.00000000 0.539688690162 Long DBT CORP US N 2 2028-10-01 Fixed 4.20000000 N N N N N N Goldman Sachs Group, Inc. (The) 784F5XWPLTWKTBV3E584 Goldman Sachs Group, Inc. (The) 38145GAH3 15000000.00000000 PA USD 16078263.90000000 0.382964975710 Long DBT CORP US N 2 2026-11-16 Fixed 3.50000000 N N N N N N N/A N/A American Electric Power Co., Inc. 00C6KE5G2 -1250.00000000 NC USD -26250.00000000 -0.00062524353 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written American Electric Power Co., Inc. American Electric Power Co., Inc. 100.00000000 95.00000000 USD 2022-01-21 XXXX 139955.75000000 N N N Exxon Mobil Corp. J3WHBG0MTS7O8ZVMDC91 Exxon Mobil Corp. 30231G102 500000.00000000 NS USD 32235000.00000000 0.767799065172 Long EC CORP US N 1 N N N N/A N/A CVS Health Corp. 00C6QEX00 -5000.00000000 NC USD -420000.00000000 -0.01000389661 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written CVS Health Corp. CVS Health Corp. 100.00000000 100.00000000 USD 2022-01-21 XXXX -31025.52000000 N N N General Motors Financial Co., Inc. 5493008B6JBRUJ90QL97 General Motors Financial Co., Inc. 37045XBK1 5000000.00000000 PA USD 5192414.15000000 0.123677081754 Long DBT CORP US N 2 2023-05-09 Fixed 3.70000000 N N N N N N N/A N/A Bristol-Myers Squibb Co. 00C6Q0ZZ1 -6000.00000000 NC USD -36000.00000000 -0.00085747685 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Bristol-Myers Squibb Co. Bristol-Myers Squibb Co. 100.00000000 80.00000000 USD 2022-01-21 XXXX 256170.27000000 N N N AerCap Ireland Capital DAC / AerCap Global Aviation Trust N/A AerCap Ireland Capital DAC / AerCap Global Aviation Trust 00774MAQ8 5000000.00000000 PA USD 5197654.35000000 0.123801897038 Long DBT CORP IE N 2 2024-02-15 Fixed 3.15000000 N N N N N N American Electric Power Co., Inc. 1B4S6S7G0TW5EE83BO58 American Electric Power Co., Inc. 02557T307 200000.00000000 NS USD 10328000.00000000 0.246000581513 Long EP CORP US N 1 N N N N/A N/A Chevron Corp. 00C6KCEW1 -1500.00000000 NC USD -367500.00000000 -0.00875340953 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Chevron Corp. Chevron Corp. 100.00000000 120.00000000 USD 2022-01-21 XXXX -178534.51000000 N N N Societe Generale SA O2RNE8IBXP4R0TD8PU41 Societe Generale SA 83369J653 168000.00000000 NS USD 33204693.08000000 0.790895992125 Long SN CORP FR N 2 2021-12-20 Fixed 8.00000000 N N N N N N N/A N/A Northrop Grumman Corp. 00C6KGF92 -429.00000000 NC USD -85800.00000000 -0.00204365316 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Northrop Grumman Corp. Northrop Grumman Corp. 100.00000000 400.00000000 USD 2022-01-21 XXXX 210752.02000000 N N N General Motors Co. 54930070NSV60J38I987 General Motors Co. 37045VAW0 10000000.00000000 PA USD 10825117.10000000 0.257841315022 Long DBT CORP US N 2 2023-10-02 Fixed 5.40000000 N N N N N N UBS AG into Morgan Stanley BFM8T61CT2L1QCEMIK50 UBS AG into Morgan Stanley, Series 0001 90278V867 220000.00000000 NS USD 18581709.91000000 0.442594059196 Long SN CORP CH N 2 2022-02-11 Fixed 8.50000000 N N N N N N Northrop Grumman Corp. RIMU48P07456QXSO0R61 Northrop Grumman Corp. 666807102 42900.00000000 NS USD 15324738.00000000 0.365016891900 Long EC CORP US N 1 N N N Occidental Petroleum Corp. IM7X0T3ECJW4C1T7ON55 Occidental Petroleum Corp. 674599EC5 10000000.00000000 PA USD 11733800.00000000 0.279485052611 Long DBT CORP US N 2 2028-09-01 Fixed 6.37500000 N N N N N N Bristol-Myers Squibb Co. HLYYNH7UQUORYSJQCN42 Bristol-Myers Squibb Co. 110122CP1 10000000.00000000 PA USD 11000002.40000000 0.262006873262 Long DBT CORP US N 2 2029-07-26 Fixed 3.40000000 N N N N N N Royal Bank of Canada into Analog Devices, Inc. N/A Royal Bank of Canada into Analog Devices, Inc. N/A 246000.00000000 NS USD 41811655.65000000 0.995903524783 Long SN CORP US N 2 2022-02-01 Fixed 8.00000000 N N N N N N Bristol-Myers Squibb Co. HLYYNH7UQUORYSJQCN42 Bristol-Myers Squibb Co. 110122108 750000.00000000 NS USD 43800000.00000000 1.043263504096 Long EC CORP US N 1 N N N Tenet Healthcare Corp. 0W9AIBT6U6ADJ2I8HK17 Tenet Healthcare Corp. 88033GCS7 7004000.00000000 PA USD 7100305.00000000 0.169120755124 Long DBT CORP US N 2 2024-07-15 Fixed 4.62500000 N N N N N N Eli Lilly & Co. FRDRIPF3EKNDJ2CQJL29 Eli Lilly & Co. 532457108 90000.00000000 NS USD 22928400.00000000 0.546127007473 Long EC CORP US N 1 N N N Bausch Health Cos., Inc. B3BS7ACMDUWISF18KY76 Bausch Health Cos., Inc. 91911KAN2 10000000.00000000 PA USD 10173200.00000000 0.242313431047 Long DBT CORP CA N 2 2025-11-01 Fixed 5.50000000 N N N N N N Suzano Austria GmbH 254900287ZNSGVP1R341 Suzano Austria GmbH 86964WAK8 15000000.00000000 PA USD 14192025.00000000 0.338037025838 Long DBT CORP AT N 2 2032-01-15 Fixed 3.12500000 N N N N N N N/A N/A Target Corp. 00C8JVTF8 -1000.00000000 NC USD -187000.00000000 -0.00445411587 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Target Corp. Target Corp. 100.00000000 300.00000000 USD 2022-01-21 XXXX 290274.55000000 N N N International Business Machines Corp. VGRQXHF3J8VDLUA7XE92 International Business Machines Corp. 459200101 100000.00000000 NS USD 12510000.00000000 0.297973206307 Long EC CORP US N 1 N N N BP plc 213800LH1BZH3DI6G760 BP plc 055622104 500000.00000000 NS USD 14395000.00000000 0.342871647065 Long EC CORP GB N 1 N N N Ford Motor Credit Co. LLC UDSQCVRUX5BONN0VY111 Ford Motor Credit Co. LLC 345397ZR7 25000000.00000000 PA USD 27812500.00000000 0.662460415700 Long DBT CORP US N 2 2029-05-03 Fixed 5.11300000 N N N N N N DTE Energy Co. 549300IX8SD6XXD71I78 DTE Energy Co. 233331842 750000.00000000 NS USD 37860000.00000000 0.901779823404 Long EP CORP US N 1 N N N N/A N/A Huntsman Corp. 00C74GE57 -5000.00000000 NC USD -375000.00000000 -0.00893205054 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Huntsman Corp. Huntsman Corp. 100.00000000 35.00000000 USD 2022-01-21 XXXX 64885.98000000 N N N Franklin FTSE Japan ETF 549300V7MZYC1Z30JS82 Franklin FTSE Japan ETF 35473P744 700000.00000000 NS USD 21021000.00000000 0.500695025562 Long RF US N 1 N N N Edison International 549300I7ROF15MAEVP56 Edison International 281020107 500000.00000000 NS USD 31465000.00000000 0.749458588045 Long EC CORP US N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 250000.00000000 NS USD 40720000.00000000 0.969901595589 Long EC CORP US N 1 N N N Merck & Co., Inc. 4YV9Y5M8S0BRK1RP0397 Merck & Co., Inc. 58933Y105 500000.00000000 NS USD 44025000.00000000 1.048622734426 Long EC CORP US N 1 N N N DTE Energy Co. 549300IX8SD6XXD71I78 DTE Energy Co. 233331107 200000.00000000 NS USD 22670000.00000000 0.539972229175 Long EC CORP US N 1 N N N AT&T, Inc. 549300Z40J86GGSTL398 AT&T, Inc. 00206R102 700000.00000000 NS USD 17682000.00000000 0.421164047475 Long EC CORP US N 1 N N N Calumet Specialty Products Partners LP / Calumet Finance Corp. N/A Calumet Specialty Products Partners LP / Calumet Finance Corp. 131477AT8 15000000.00000000 PA USD 16317450.00000000 0.388662101938 Long DBT CORP US N 2 2025-04-15 Fixed 11.00000000 N N N N N N N/A N/A Honeywell International, Inc. 00C71T4C8 -2000.00000000 NC USD -56000.00000000 -0.00133385288 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Honeywell International, Inc. Honeywell International, Inc. 100.00000000 260.00000000 USD 2022-01-21 XXXX 910789.04000000 N N N CHS/Community Health Systems, Inc. 5493007X5NC5XI1BB106 CHS/Community Health Systems, Inc. 12543DBC3 25000000.00000000 PA USD 26406250.00000000 0.628965226142 Long DBT CORP US N 2 2026-03-15 Fixed 8.00000000 N N N N N N N/A N/A Quest Diagnostics, Inc. 00C80XGH4 -2000.00000000 NC USD -145000.00000000 -0.00345372621 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Quest Diagnostics, Inc. Quest Diagnostics, Inc. 100.00000000 170.00000000 USD 2022-01-21 XXXX 272631.84000000 N N N Pfizer, Inc. 765LHXWGK1KXCLTFYQ30 Pfizer, Inc. 717081103 1271323.00000000 NS USD 55607668.02000000 1.324508004410 Long EC CORP US N 1 N N N United States of America 254900HROIFWPRGM1V77 U.S. Treasury Notes 91282CBR1 25000000.00000000 PA USD 24785644.50000000 0.590364345487 Long DBT UST US N 2 2024-03-15 Fixed 0.25000000 N N N N N N Royal Bank of Canada into Schlumberger NV N/A Royal Bank of Canada into Schlumberger NV N/A 850000.00000000 NS USD 26385063.57000000 0.628460590772 Long SN CORP US N 2 2022-03-01 Fixed 10.00000000 N N N N N N Southern Co. (The) 549300FC3G3YU2FBZD92 Southern Co. (The), Series 2019 842587602 1150000.00000000 NS USD 58868500.00000000 1.402177113947 Long EP CORP US N 1 N N N Biogen, Inc. W8J5WZB5IY3K0NDQT671 Biogen, Inc. 09062XAE3 10000000.00000000 PA USD 10276882.70000000 0.244783028693 Long DBT CORP US N 2 2022-09-15 Fixed 3.62500000 N N N N N N Franklin Liberty Systematic Style Premia ETF 549300FEMFRM3FWBHG39 Franklin Liberty Systematic Style Premia ETF 35473P546 1175000.00000000 NS USD 24348115.00000000 0.579942917192 Long RF US N 1 N N N United Parcel Service, Inc. D01LMJZU09ULLNCY6Z23 United Parcel Service, Inc., Class B 911312106 175000.00000000 NS USD 37357250.00000000 0.889804920968 Long EC CORP US N 1 N N N American Electric Power Co., Inc. 1B4S6S7G0TW5EE83BO58 American Electric Power Co., Inc. 025537127 700000.00000000 NS USD 34811000.00000000 0.829156297742 Long EP CORP US N 1 N N N CHS/Community Health Systems, Inc. 5493007X5NC5XI1BB106 CHS/Community Health Systems, Inc. 12543DBL3 15000000.00000000 PA USD 14766000.00000000 0.351708422408 Long DBT CORP US N 2 2030-04-01 Fixed 6.12500000 N N N N N N UBS AG into Chevron Corp. N/A UBS AG into Chevron Corp. N/A 310000.00000000 NS USD 33346214.33000000 0.794266858682 Long SN CORP US N 2 2022-08-16 Fixed 10.00000000 N N N N N N CHS/Community Health Systems, Inc. 5493007X5NC5XI1BB106 CHS/Community Health Systems, Inc. 12543DBJ8 20000000.00000000 PA USD 20605300.00000000 0.490793549793 Long DBT CORP US N 2 2029-04-15 Fixed 6.87500000 N N N N N N N/A N/A Texas Instruments, Inc. 00P6KUZV6 3000.00000000 NC USD 1050000.00000000 0.025009741536 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Put Purchased Texas Instruments, Inc. Texas Instruments, Inc. 100.00000000 175.00000000 USD 2022-01-21 XXXX -2165084.10000000 N N N N/A N/A Procter & Gamble Co. (The) 00C7H0Q14 -3000.00000000 NC USD -84000.00000000 -0.00200077932 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Procter & Gamble Co. (The) Procter & Gamble Co. (The) 100.00000000 160.00000000 USD 2022-01-21 XXXX 354973.63000000 N N N Home Depot, Inc. (The) QEKMOTMBBKA8I816DO57 Home Depot, Inc. (The) 437076102 150000.00000000 NS USD 55761000.00000000 1.328160188400 Long EC CORP US N 1 N N N CommScope Technologies LLC M4TWC4QDOKW45N7T6Y12 CommScope Technologies LLC 20338HAB9 20000000.00000000 PA USD 18597088.00000000 0.442960346869 Long DBT CORP US N 2 2027-03-15 Fixed 5.00000000 N N N N N N Altria Group, Inc. XSGZFLO9YTNO9VCQV219 Altria Group, Inc. 02209SBL6 15000000.00000000 PA USD 14248241.85000000 0.339376043827 Long DBT CORP US N 2 2032-02-04 Fixed 2.45000000 N N N N N N American Tower Corp. 5493006ORUSIL88JOE18 American Tower Corp. 03027XAB6 5000000.00000000 PA USD 5178683.60000000 0.123350036510 Long DBT CORP US N 2 2023-01-31 Fixed 3.50000000 N N N N N N Jazz Securities DAC 6354009DV8VV7K6KOO02 Jazz Securities DAC 47216FAA5 25000000.00000000 PA USD 25718750.00000000 0.612589800136 Long DBT CORP IE N 2 2029-01-15 Fixed 4.37500000 N N N N N N Edwards Lifesciences Corp. YA13X31F3V31L8TMPR58 Edwards Lifesciences Corp. 28176EAD0 9700000.00000000 PA USD 11104212.35000000 0.264489029372 Long DBT CORP US N 2 2028-06-15 Fixed 4.30000000 N N N N N N Travelers Cos., Inc. (The) 549300Y650407RU8B149 Travelers Cos., Inc. (The) 89417E109 100000.00000000 NS USD 16088000.00000000 0.383196877943 Long EC CORP US N 1 N N N Capital One Financial Corp. ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp. 14040HBN4 10000000.00000000 PA USD 10910298.90000000 0.259870243405 Long DBT CORP US N 2 2027-03-09 Fixed 3.75000000 N N N N N N Citigroup, Inc. 6SHGI4ZSSLCXXQSBB395 Citigroup, Inc. 172967KU4 20000000.00000000 PA USD 22251498.40000000 0.530004022652 Long DBT CORP US N 2 2028-07-25 Fixed 4.12500000 N N N N N N BNP Paribas Issuance BV into Apple, Inc. 7245009UXRIGIRYOBR48 BNP Paribas Issuance BV into Apple, Inc. N/A 164000.00000000 NS USD 22750393.43000000 0.541887104323 Long SN CORP NL N 2 2021-12-22 Fixed 10.00000000 N N N N N N Huntsman Corp. 5299000V56320A7RIQ67 Huntsman Corp. 447011107 1000000.00000000 NS USD 32580000.00000000 0.776016551677 Long EC CORP US N 1 N N N N/A N/A Home Depot, Inc. (The) 00C71T2S5 -750.00000000 NC USD -1730250.00000000 -0.04121248123 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Home Depot, Inc. (The) Home Depot, Inc. (The) 100.00000000 360.00000000 USD 2022-01-21 XXXX -1206163.72000000 N N N Post Holdings, Inc. JM1I5YUAURL6DC8N1468 Post Holdings, Inc. 737446AR5 15000000.00000000 PA USD 14718225.00000000 0.350570479168 Long DBT CORP US N 2 2031-09-15 Fixed 4.50000000 N N N N N N United States of America 254900HROIFWPRGM1V77 U.S. Treasury Notes 91282CCX7 40000000.00000000 PA USD 39598437.60000000 0.943187323455 Long DBT UST US N 2 2024-09-15 Fixed 0.37500000 N N N N N N Southern Co. (The) 549300FC3G3YU2FBZD92 Southern Co. (The) 842587107 175000.00000000 NS USD 10906000.00000000 0.259767848759 Long EC CORP US N 1 N N N Citigroup, Inc. 6SHGI4ZSSLCXXQSBB395 Citigroup, Inc. 172967424 350000.00000000 NS USD 24206000.00000000 0.576557908222 Long EC CORP US N 1 N N N AstraZeneca plc PY6ZZQWO2IZFZC3IOL08 AstraZeneca plc 046353108 550000.00000000 NS USD 34309000.00000000 0.817199259407 Long EC CORP GB N 1 N N N FMG Resources August 2006 Pty. Ltd. 549300EFD6S2NFE9D745 FMG Resources August 2006 Pty. Ltd. 30251GBC0 15000000.00000000 PA USD 15206250.00000000 0.362194649752 Long DBT CORP AU N 2 2031-04-01 Fixed 4.37500000 N N N N N N Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC N/A Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC 85208NAD2 6562500.00000000 PA USD 6931640.63000000 0.165103371981 Long DBT CORP US N 2 2025-03-20 Fixed 4.73800000 N N N N N N N/A N/A Texas Instruments, Inc. 00C7YXXD9 -5000.00000000 NC USD -125000.00000000 -0.00297735018 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Texas Instruments, Inc. Texas Instruments, Inc. 100.00000000 230.00000000 USD 2022-01-21 XXXX 759830.43000000 N N N NextEra Energy, Inc. N/A NextEra Energy, Inc. 65339F770 1200000.00000000 NS USD 65364000.00000000 1.556892138853 Long EP CORP US N 1 N N N Credit Suisse AG ANGGYXNX0JLX3X63JN86 Credit Suisse AG 225510205 18000.00000000 NS USD 60980108.46000000 1.452473096625 Long SN CORP CH N 2 2022-09-09 Fixed 6.00000000 N N N N N N KKR & Co., Inc. 549300JOHU21WRN2Z451 KKR & Co., Inc., Series C 48251W401 200000.00000000 NS USD 20008000.00000000 0.476566579679 Long EP CORP US N 1 N N N Air Products and Chemicals, Inc. 7QEON6Y1RL5XR3R1W237 Air Products and Chemicals, Inc. 009158106 150000.00000000 NS USD 44971500.00000000 1.071167230011 Long EC CORP US N 1 N N N N/A N/A Southern Co. (The) 00C7HDC03 -1750.00000000 NC USD -26250.00000000 -0.00062524353 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Southern Co. (The) Southern Co. (The) 100.00000000 70.00000000 USD 2022-01-21 XXXX 101826.58000000 N N N National Bank of Canada into Microchip Technology, Inc. BSGEFEIOM18Y80CKCV46 National Bank of Canada into Microchip Technology, Inc. 63306A460 284200.00000000 NS USD 41752257.87000000 0.994488740854 Long SN CORP CA N 2 2022-06-01 Fixed 6.50000000 N N N N N N Grifols Escrow Issuer SA 959800HLB3PGTGSLVV62 Grifols Escrow Issuer SA 39843UAA0 20000000.00000000 PA USD 20325000.00000000 0.484117139743 Long DBT CORP ES N 2 2028-10-15 Fixed 4.75000000 N N N N N N N/A N/A Raytheon Technologies Corp. N/A -2500.00000000 NC USD -100000.00000000 -0.00238188014 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Raytheon Technologies Corp. Raytheon Technologies Corp. 100.00000000 100.00000000 USD 2022-01-21 XXXX 235065.76000000 N N N BCE, Inc. 5493001I9203PRB5KR45 BCE, Inc. 05534B760 450000.00000000 NS 23159786.74000000 0.551638362294 Long EC CORP CA N 1 N N N Cleveland-Cliffs, Inc. 549300TM2WLI2BJMDD86 Cleveland-Cliffs, Inc. 185899AJ0 6620000.00000000 PA USD 7588175.00000000 0.180741233794 Long DBT CORP US N 2 2025-10-17 Fixed 9.87500000 N N N N N N Anthem, Inc. 8MYN82XMYQH89CTMTH67 Anthem, Inc. 94973VBA4 5000000.00000000 PA USD 5163917.25000000 0.122998319751 Long DBT CORP US N 2 2023-01-15 Fixed 3.30000000 N N N N N N Comcast Corp. 51M0QTTNCGUN7KFCFZ59 Comcast Corp., Class A 20030N101 617970.00000000 NS USD 31782197.10000000 0.757013842795 Long EC CORP US N 1 N N N United Airlines Pass-Through Trust N/A United Airlines Pass-Through Trust, Series 2020-1, Class B N/A 10776000.00000000 PA USD 11404053.30000000 0.271630881430 Long DBT CORP US N 2 2027-07-15 Fixed 4.87500000 N N N N N N Las Vegas Sands Corp. 549300DUOO1KXOHPM605 Las Vegas Sands Corp. 517834AF4 10000000.00000000 PA USD 10182607.20000000 0.242537499276 Long DBT CORP US N 2 2029-08-08 Fixed 3.90000000 N N N N N N Liberty Mutual Group, Inc. QUR0DG15Z6FFGYCHH861 Liberty Mutual Group, Inc. 53079EAW4 7100000.00000000 PA USD 7247858.71000000 0.172635307648 Long DBT CORP US N 2 2022-05-01 Fixed 4.95000000 N N N N N N Citigroup Global Markets Holdings, Inc. into JPMorgan Chase & Co. 82VOJDD5PTRDMVVMGV31 Citigroup Global Markets Holdings, Inc. into JPMorgan Chase & Co., Series 0001 17329L242 230000.00000000 NS USD 36472716.91000000 0.868736402909 Long SN CORP US N 2 2022-08-15 Fixed 8.00000000 N N N N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp., Series L 06051GGC7 10000000.00000000 PA USD 11022653.20000000 0.262546388170 Long DBT CORP US N 2 2027-11-25 Fixed 4.18300000 N N N N N N US Bancorp N1GZ7BBF3NP8GI976H15 US Bancorp 902973304 500000.00000000 NS USD 30185000.00000000 0.718970522172 Long EC CORP US N 1 N N N National Bank of Canada into Air Products & Chemicals, Inc. N/A National Bank of Canada into Air Products & Chemicals, Inc. N/A 86000.00000000 NS USD 24971161.77000000 0.594783144509 Long SN CORP US N 2 2022-04-13 Fixed 8.50000000 N N N N N N Verizon Communications, Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications, Inc. 92343VGJ7 10000000.00000000 PA USD 10085147.20000000 0.240216118885 Long DBT CORP US N 2 2031-03-21 Fixed 2.55000000 N N N N N N Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc N/A Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc 03969YAB4 10000000.00000000 PA USD 9956500.00000000 0.237151896770 Long DBT CORP US N 2 2029-09-01 Fixed 4.00000000 N N N N N N Pacific Gas and Electric Co. 1HNPXZSMMB7HMBMVBS46 Pacific Gas and Electric Co. 694308JP3 10000000.00000000 PA USD 10301037.70000000 0.245358371843 Long DBT CORP US N 2 2026-01-01 Fixed 3.15000000 N N N N N N Cisco Systems, Inc. 549300LKFJ962MZ46593 Cisco Systems, Inc. 17275R102 1039339.00000000 NS USD 58171803.83000000 1.385582646194 Long EC CORP US N 1 N N N N/A N/A BP plc 00C6KD3N1 -5000.00000000 NC USD -470000.00000000 -0.01119483668 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written BP plc BP plc 100.00000000 30.00000000 USD 2022-01-21 XXXX -200174.91000000 N N N CHS/Community Health Systems, Inc. 5493007X5NC5XI1BB106 CHS/Community Health Systems, Inc. 12543DBF6 25000000.00000000 PA USD 26031250.00000000 0.620033175594 Long DBT CORP US N 2 2025-02-15 Fixed 6.62500000 N N N N N N PepsiCo, Inc. FJSUNZKFNQ5YPJ5OT455 PepsiCo, Inc. 713448108 350000.00000000 NS USD 56560000.00000000 1.347191410769 Long EC CORP US N 1 N N N Prudential Financial, Inc. 5PRBRS5FEH7NREC8OR45 Prudential Financial, Inc. 744320BH4 10000000.00000000 PA USD 10320720.00000000 0.245827180639 Long DBT CORP US N 2 2050-10-01 Variable 3.70000000 N N N N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co. 46625H100 350000.00000000 NS USD 59461500.00000000 1.416301663215 Long EC CORP US N 1 N N N CVS Health Corp. 549300EJG376EN5NQE29 CVS Health Corp. 126650CV0 7500000.00000000 PA USD 7791794.70000000 0.185591211002 Long DBT CORP US N 2 2023-03-09 Fixed 3.70000000 N N N N N N Endo Luxembourg Finance Co. I SARL / Endo US, Inc. N/A Endo Luxembourg Finance Co. I SARL / Endo US, Inc. 29280BAA3 15000000.00000000 PA USD 14797050.00000000 0.352447996193 Long DBT CORP LU N 2 2029-04-01 Fixed 6.12500000 N N N N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 Morgan Stanley 617446448 350000.00000000 NS USD 35973000.00000000 0.856833745042 Long EC CORP US N 1 N N N Microchip Technology, Inc. 5493007PTFULNYZJ1R12 Microchip Technology, Inc. 595017AP9 15000000.00000000 PA USD 15764071.35000000 0.375481285740 Long DBT CORP US N 2 2023-06-01 Fixed 4.33300000 N N N N N N N/A N/A Citigroup, Inc. N/A -3500.00000000 NC USD -122500.00000000 -0.00291780317 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Citigroup, Inc. Citigroup, Inc. 100.00000000 82.50000000 USD 2022-01-21 XXXX 220831.76000000 N N N United States of America 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828ZF0 50000000.00000000 PA USD 49357422.00000000 1.175634635363 Long DBT UST US N 2 2025-03-31 Fixed 0.50000000 N N N N N N Change Healthcare, Inc. 549300GS1BPJEDOZHM07 Change Healthcare, Inc. 15912K209 250000.00000000 NS USD 17865000.00000000 0.425522888143 Long EP CORP US N 1 N N N Organon & Co. / Organon Foreign Debt Co-Issuer BV N/A Organon & Co. / Organon Foreign Debt Co-Issuer BV 68622TAA9 15000000.00000000 PA USD 15225000.00000000 0.362641252280 Long DBT CORP US N 2 2028-04-30 Fixed 4.12500000 N N N N N N Chevron Corp. N/A Chevron Corp. 166764100 450000.00000000 NS USD 51520500.00000000 1.227156560794 Long EC CORP US N 1 N N N N/A N/A PepsiCo, Inc. 00C7H2N39 -3500.00000000 NC USD -199500.00000000 -0.00475185089 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written PepsiCo, Inc. PepsiCo, Inc. 100.00000000 175.00000000 USD 2022-01-21 XXXX 155632.65000000 N N N Dominion Energy, Inc. ILUL7B6Z54MRYCF6H308 Dominion Energy, Inc., Series A 25746U133 150000.00000000 NS USD 15025500.00000000 0.357889401388 Long EP CORP US N 1 N N N Target Corp. 8WDDFXB5T1Z6J0XC1L66 Target Corp. 87612E106 100000.00000000 NS USD 25962000.00000000 0.618383723592 Long EC CORP US N 1 N N N TotalEnergies SE 529900S21EQ1BO4ESM68 TotalEnergies SE 89151E109 400000.00000000 NS USD 20044000.00000000 0.477424056532 Long EC CORP FR N 1 N N N American Electric Power Co., Inc. 1B4S6S7G0TW5EE83BO58 American Electric Power Co., Inc. 025537101 125000.00000000 NS USD 10588750.00000000 0.252211333995 Long EC CORP US N 1 N N N American Tower Corp. 5493006ORUSIL88JOE18 American Tower Corp. 03027XAK6 15000000.00000000 PA USD 16035647.70000000 0.381949908903 Long DBT CORP US N 2 2026-10-15 Fixed 3.37500000 N N N N N N Vistra Operations Co. LLC 549300ZH5GKBTJZ7NM23 Vistra Operations Co. LLC 92840VAE2 20000000.00000000 PA USD 21417972.40000000 0.510150432344 Long DBT CORP US N 2 2029-07-15 Fixed 4.30000000 N N N N N N Merrill Lynch International & Co. CV into Oracle Corp. AHYI0DDQ2LCHPGHJC422 Merrill Lynch International & Co. CV into Oracle Corp. 59027C256 470000.00000000 NS USD 30664897.56000000 0.730401106877 Long SN CORP CW N 2 2021-11-08 Fixed 8.00000000 N N N N N N Barclays plc 213800LBQA1Y9L22JB70 Barclays plc 06738EAE5 15000000.00000000 PA USD 16000590.00000000 0.381114876507 Long DBT CORP GB N 2 2025-03-16 Fixed 3.65000000 N N N N N N Franklin Liberty US Low Volatility ETF 549300HYVMMHHTSYBI89 Franklin Liberty US Low Volatility ETF 35473P504 860000.00000000 NS USD 42197018.00000000 1.005082394089 Long RF US N 1 N N N N/A N/A Air Products and Chemicals, Inc. 00C7X6S78 -500.00000000 NC USD -225000.00000000 -0.00535923032 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Air Products and Chemicals, Inc. Air Products and Chemicals, Inc. 100.00000000 320.00000000 USD 2022-01-21 XXXX -8518.46000000 N N N Cigna Corp. 549300VIWYMSIGT1U456 Cigna Corp. 125523CB4 15000000.00000000 PA USD 16144894.20000000 0.384552029597 Long DBT CORP US N 2 2027-03-01 Fixed 3.40000000 N N N N N N CCO Holdings LLC / CCO Holdings Capital Corp. N/A CCO Holdings LLC / CCO Holdings Capital Corp. 1248EPBT9 15000000.00000000 PA USD 15562500.00000000 0.370680097774 Long DBT CORP US N 2 2027-05-01 Fixed 5.12500000 N N N N N N Bayer US Finance II LLC 529900XWNEXYNJ3X6T40 Bayer US Finance II LLC 07274NAJ2 15000000.00000000 PA USD 16450817.55000000 0.391838757133 Long DBT CORP US N 2 2025-12-15 Fixed 4.25000000 N N N N N N Coca-Cola Co. (The) UWJKFUJFZ02DKWI3RY53 Coca-Cola Co. (The) 191216100 785000.00000000 NS USD 44250450.00000000 1.053992683215 Long EC CORP US N 1 N N N United Airlines Pass-Through Trust N/A United Airlines Pass-Through Trust, Series 2020-1, Class A 90931GAA7 9033000.00000000 PA USD 10124280.34000000 0.241148223378 Long ABS-O CORP US N 2 2027-10-15 Fixed 5.87500000 N N N N N N N/A N/A AbbVie, Inc. 00C6WMGR5 -4750.00000000 NC USD -156750.00000000 -0.00373359712 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written AbbVie, Inc. AbbVie, Inc. 100.00000000 135.00000000 USD 2022-01-21 XXXX 574581.39000000 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 06051GHF9 7500000.00000000 PA USD 7781839.95000000 0.185354100788 Long DBT CORP US N 2 2024-03-05 Variable 3.55000000 N N N N N N Procter & Gamble Co. (The) 2572IBTT8CCZW6AU4141 Procter & Gamble Co. (The) 742718109 600000.00000000 NS USD 85794000.00000000 2.043510252750 Long EC CORP US N 1 N N N T-Mobile USA, Inc. 549300V2JRLO5DIFGE82 T-Mobile USA, Inc. 87264ABF1 25000000.00000000 PA USD 27353267.50000000 0.651522047957 Long DBT CORP US N 2 2030-04-15 Fixed 3.87500000 N N N N N N Truist Financial Corp. 549300DRQQI75D2JP341 Truist Financial Corp. 89832Q109 700100.00000000 NS USD 44435347.00000000 1.058396708150 Long EC CORP US N 1 N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 Morgan Stanley 61746BDJ2 10000000.00000000 PA USD 10409000.10000000 0.247929906814 Long DBT CORP US N 2 2023-02-25 Fixed 3.75000000 N N N N N N DuPont de Nemours, Inc. 5493004JF0SDFLM8GD76 DuPont de Nemours, Inc. 26078JAC4 20000000.00000000 PA USD 22259393.80000000 0.530192081617 Long DBT CORP US N 2 2025-11-15 Fixed 4.49300000 N N N N N N Verizon Communications, Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications, Inc. 92343V104 1000000.00000000 NS USD 52990000.00000000 1.262158289545 Long EC CORP US N 1 N N N United States of America 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128285K2 50000000.00000000 PA USD 52361328.00000000 1.247184075991 Long DBT UST US N 2 2023-10-31 Fixed 2.87500000 N N N N N N Cigna Corp. 549300VIWYMSIGT1U456 Cigna Corp. 125523AF7 7216000.00000000 PA USD 7575666.58000000 0.180443298221 Long DBT CORP US N 2 2023-07-15 Fixed 3.75000000 N N N N N N Kimberly-Clark de Mexico SAB de CV 549300JGHL56QT00KT54 Kimberly-Clark de Mexico SAB de CV 494386AD7 15500000.00000000 PA USD 15391267.50000000 0.366601544852 Long DBT CORP MX N 2 2031-07-01 Fixed 2.43100000 N N N N N N Quest Diagnostics, Inc. 8MCWUBXQ0WE04KMXBX50 Quest Diagnostics, Inc. 74834L100 300000.00000000 NS USD 44034000.00000000 1.048837103639 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 060505104 2000000.00000000 NS USD 95560000.00000000 2.276124667842 Long EC CORP US N 1 N N N N/A N/A Travelers Cos., Inc. (The) 00C7THQE6 -1000.00000000 NC USD -245000.00000000 -0.00583560635 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Travelers Cos., Inc. (The) Travelers Cos., Inc. (The) 100.00000000 170.00000000 USD 2022-01-21 XXXX -40904.06000000 N N N N/A N/A Merck & Co., Inc. 00C6KHEV2 -2000.00000000 NC USD -1074000.00000000 -0.02558139277 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Merck & Co., Inc. Merck & Co., Inc. 100.00000000 85.00000000 USD 2022-01-21 XXXX -878067.02000000 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 06051GHD4 15000000.00000000 PA USD 16048289.25000000 0.382251015472 Long DBT CORP US N 2 2028-12-20 Variable 3.41900000 N N N N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 Morgan Stanley 6174467Y9 15000000.00000000 PA USD 16673369.25000000 0.397139671891 Long DBT CORP US N 2 2026-09-08 Fixed 4.35000000 N N N N N N Honeywell International, Inc. ISRPG12PN4EIEOEMW547 Honeywell International, Inc. 438516106 300000.00000000 NS USD 65586000.00000000 1.562179912778 Long EC CORP US N 1 N N N Capital One Financial Corp. ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp. 14040HBK0 10000000.00000000 PA USD 10817858.30000000 0.257668419106 Long DBT CORP US N 2 2026-07-28 Fixed 3.75000000 N N N N N N N/A N/A International Business Machines Corp. 00C6KEVV0 -1000.00000000 NC USD -14000.00000000 -0.00033346322 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written International Business Machines Corp. International Business Machines Corp. 100.00000000 160.00000000 USD 2022-01-21 XXXX 167966.06000000 N N N Mylan, Inc. 30ZMPDNA1RHIBH89C294 Mylan, Inc. 628530BK2 19000000.00000000 PA USD 21545518.73000000 0.513188433055 Long DBT CORP US N 2 2028-04-15 Fixed 4.55000000 N N N N N N Franklin FTSE United Kingdom ETF 549300EBZY7Y36672039 Franklin FTSE United Kingdom ETF 35473P678 1250000.00000000 NS USD 31950000.00000000 0.761010706755 Long RF US N 1 N N N Raytheon Technologies Corp. I07WOS4YJ0N7YRFE7309 Raytheon Technologies Corp. 75513E101 600000.00000000 NS USD 53316000.00000000 1.269923218822 Long EC CORP US N 1 N N N N/A N/A Morgan Stanley 00C8U2R20 -3500.00000000 NC USD -157500.00000000 -0.00375146123 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Morgan Stanley Morgan Stanley 100.00000000 115.00000000 USD 2021-12-17 XXXX 246702.40000000 N N N AbbVie, Inc. FR5LCKFTG8054YNNRU85 AbbVie, Inc. 00287Y109 475000.00000000 NS USD 54468250.00000000 1.297368432808 Long EC CORP US N 1 N N N N/A N/A Lockheed Martin Corp. 00C6KHDR2 -750.00000000 NC USD -43500.00000000 -0.00103611786 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Lockheed Martin Corp. Lockheed Martin Corp. 100.00000000 410.00000000 USD 2022-01-21 XXXX 318745.89000000 N N N Union Pacific Corp. 549300LMMRSZZCZ8CL11 Union Pacific Corp. 907818108 205000.00000000 NS USD 49487000.00000000 1.178721028019 Long EC CORP US N 1 N N N Broadcom, Inc. 549300WV6GIDOZJTV909 Broadcom, Inc., Series A 11135F200 32000.00000000 NS USD 53674880.00000000 1.278471310291 Long EP CORP US N 1 N N N Sempra Energy PBBKGKLRK5S5C0Y4T545 Sempra Energy 816851109 300000.00000000 NS USD 38289000.00000000 0.911998089231 Long EC CORP US N 1 N N N CNH Industrial NV 549300WGC2HZ5J67V817 CNH Industrial NV 12594KAB8 7500000.00000000 PA USD 8250392.40000000 0.196514458570 Long DBT CORP NL N 2 2027-11-15 Fixed 3.85000000 N N N N N N FNMA B1V7KEBTPIMZEU4LTD58 FNMA, 30 Year 3140QBMZ8 1528915.29000000 PA USD 1666480.28000000 0.039693562931 Long ABS-MBS USGSE US N 2 2049-08-01 Fixed 4.00000000 N N N N N N Duke Energy Corp. I1BZKREC126H0VB1BL91 Duke Energy Corp. 26441C204 450000.00000000 NS USD 45904500.00000000 1.093390171776 Long EC CORP US N 1 N N N Deutsche Telekom AG 549300V9QSIG4WX4GJ96 Deutsche Telekom AG N/A 1200000.00000000 NS 22314656.19000000 0.531508365513 Long EC CORP DE N 2 N N N RBC Bearings, Inc. N/A RBC Bearings, Inc., Series A 75524B203 125000.00000000 NS USD 14948750.00000000 0.356061308375 Long EP CORP US N 1 N N N Danaher Corp. S4BKK9OTCEWQ3YHPFM11 Danaher Corp., Series B 235851409 30000.00000000 NS USD 49822500.00000000 1.186712235910 Long EP CORP US N 1 N N N Institutional Fiduciary Trust - Money Market Portfolio 549300M4TP89K77LG374 Institutional Fiduciary Trust - Money Market Portfolio 457756500 118131927.97100000 NS USD 118131927.97000000 2.813760938805 Long STIV RF US N 1 N N N N/A N/A Duke Energy Corp. N/A -3000.00000000 NC USD -60000.00000000 -0.00142912808 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Duke Energy Corp. Duke Energy Corp. 100.00000000 115.00000000 USD 2022-01-21 XXXX 323899.01000000 N N N BAT Capital Corp. 2138005GYEXN7XRHFA84 BAT Capital Corp. 05526DBB0 15000000.00000000 PA USD 15893368.35000000 0.378560985313 Long DBT CORP US N 2 2027-08-15 Fixed 3.55700000 N N N N N N JPM Chase N/A JPM Chase N/A 770000.00000000 NS USD 41961255.23000000 0.999466807478 Long SN CORP US N 2 2021-12-03 Fixed 7.50000000 N N N N N N Dominion Energy, Inc. ILUL7B6Z54MRYCF6H308 Dominion Energy, Inc. 25746U109 500000.00000000 NS USD 37965000.00000000 0.904280797557 Long EC CORP US N 1 N N N Boston Scientific Corp. Y6ZDD9FP4P8JSSJMW954 Boston Scientific Corp., Series A 101137206 250000.00000000 NS USD 29260000.00000000 0.696938130818 Long EP CORP US N 1 N N N CVS Health Corp. 549300EJG376EN5NQE29 CVS Health Corp. 126650100 520000.00000000 NS USD 46425600.00000000 1.105802149219 Long EC CORP US N 1 N N N CVS Health Corp. 549300EJG376EN5NQE29 CVS Health Corp. 126650CL2 15000000.00000000 PA USD 16287042.45000000 0.387937830542 Long DBT CORP US N 2 2025-07-20 Fixed 3.87500000 N N N N N N Reynolds American, Inc. 02S2RPPVO9RP4NEU2740 Reynolds American, Inc. 761713BG0 15000000.00000000 PA USD 16370287.05000000 0.389920617142 Long DBT CORP US N 2 2025-06-12 Fixed 4.45000000 N N N N N N DISH DBS Corp. N/A DISH DBS Corp. 25470XAJ4 12000000.00000000 PA USD 12315000.00000000 0.293328540021 Long DBT CORP US N 2 2022-07-15 Fixed 5.87500000 N N N N N N Lockheed Martin Corp. DPRBOZP0K5RM2YE8UU08 Lockheed Martin Corp. 539830109 75000.00000000 NS USD 24924000.00000000 0.593659807673 Long EC CORP US N 1 N N N Sprint Corp. 549300ZTTY7CXOLJ6539 Sprint Corp. 85207UAJ4 10000000.00000000 PA USD 11637500.00000000 0.277191302030 Long DBT CORP US N 2 2025-02-15 Fixed 7.62500000 N N N N N N Texas Instruments, Inc. WDJNR2L6D8RWOEB8T652 Texas Instruments, Inc. 882508104 517361.00000000 NS USD 96994840.28000000 2.310300843603 Long EC CORP US N 1 N N N N/A N/A Coca-Cola Co. (The) 00C6KD6V0 -5000.00000000 NC USD -15000.00000000 -0.00035728202 N/A DE US N 1 Options Clearing 549300CII6SLYGKNHA04 Call Written Coca-Cola Co. (The) Coca-Cola Co. (The) 100.00000000 65.00000000 USD 2022-01-21 XXXX 134825.70000000 N N N Fidelity National Information Services, Inc. 6WQI0GK1PRFVBA061U48 Fidelity National Information Services, Inc. 31620M106 222014.00000000 NS USD 24585830.36000000 0.585605012157 Long EC CORP US N 1 N N N Bausch Health Cos., Inc. B3BS7ACMDUWISF18KY76 Bausch Health Cos., Inc. 071734AM9 10000000.00000000 PA USD 9193350.00000000 0.218974578433 Long DBT CORP CA N 2 2029-02-15 Fixed 5.00000000 N N N N N N Societe Generale SA into Workday, Inc. O2RNE8IBXP4R0TD8PU41 Societe Generale SA into Workday, Inc. 83370G508 218000.00000000 NS USD 56589011.34000000 1.347882426117 Long SN CORP FR N 2 2022-09-02 Fixed 8.00000000 N N N N N N Bausch Health Cos., Inc. B3BS7ACMDUWISF18KY76 Bausch Health Cos., Inc. 071734AH0 10000000.00000000 PA USD 9250000.00000000 0.220323913536 Long DBT CORP CA N 2 2028-01-30 Fixed 5.00000000 N N N N N N Las Vegas Sands Corp. 549300DUOO1KXOHPM605 Las Vegas Sands Corp. 517834AG2 10000000.00000000 PA USD 10226788.40000000 0.243589842507 Long DBT CORP US N 2 2024-08-08 Fixed 3.20000000 N N N N N N AbbVie, Inc. FR5LCKFTG8054YNNRU85 AbbVie, Inc. 00287YCT4 5000000.00000000 PA USD 5088068.20000000 0.121191686288 Long DBT CORP US N 2 2022-10-01 Fixed 3.25000000 N N N N N N 2021-11-30 Franklin Investors Securities Trust Jeffrey W. White Jeffrey W. White Interim Chief Financial Officer, Chief Accounting Officer and Treasurer