Philip Morris International Inc.

NPORT-P false 0000883622 XXXXXXXX S000024823 C000073858 C000073859 C000073857 C000073856 C000122153 C000146686 C000073855 C000073854 IVY FUNDS 811-06569 0000883622 UJ5MWG3K37CY01MVRY13 6300 Lamar Avenue P.O. Box 29217 Shawnee Mission 66201 18007776472 Ivy Balanced Fund S000024823 XKQZP5DNWJPMCB1VP702 2020-03-31 2019-12-31 N 2572790578.69 1149514.84 2571641063.85 0 0 0 0 0 0 0 0 0 0 0 0 0 0 USD ACMO UST Philip Morris International Inc. HL3H1H2BGXWVG3BSWR90 Philip Morris International Inc. 718172109 533700.00000000 NS USD 45412533.00000000 1.765897023436 Long EC CORP US N 1 N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 31389K5S6 19918.61000000 PA USD 23004.82000000 0.000894557966 Long ABS-MBS USGA US N 2 2032-02-01 Fixed 0.06500000 N N N N N N Comcast Corp. (GTD by Comcast Cable Communications and NBCUniversal) 51M0QTTNCGUN7KFCFZ59 Comcast Corp. (GTD by Comcast Cable Communications and NBCUniversal) 20030NCJ8 3500000.00000000 PA USD 3868480.04000000 0.150428459647 Long DBT CORP US N 2 2038-03-01 Fixed 0.03900000 N N N N N N Jazz Pharmaceuticals plc 635400GAUMJCLEZRRV50 Jazz Pharmaceuticals plc N/A 116551.00000000 NS USD 17398733.28000000 0.676561497036 Long EC CORP IE N 1 N N N CVS Health Corp. 549300EJG376EN5NQE29 CVS Health Corp. 126650CW8 1000000.00000000 PA USD 1072641.86000000 0.041710403332 Long DBT CORP US N 2 2025-03-25 Fixed 0.04100000 N N N N N N Berkshire Hathaway Finance Corp. (GTD by Berkshire Hathaway Inc.) 5493000C01ZX7D35SD85 Berkshire Hathaway Finance Corp. (GTD by Berkshire Hathaway Inc.) 084670BQ0 3800000.00000000 PA USD 3814017.52000000 0.148310647765 Long DBT CORP US N 2 2021-03-15 Fixed 0.02200000 N N N N N N American Tower Corp. 5493006ORUSIL88JOE18 American Tower Corp. 03027XAL4 8000000.00000000 PA USD 8022808.64000000 0.311972333650 Long DBT CORP US N 2 2022-01-15 Fixed 0.02250000 N N N N N N Comcast Corp. (GTD by Comcast Cable Communications and NBCUniversal) 51M0QTTNCGUN7KFCFZ59 Comcast Corp. (GTD by Comcast Cable Communications and NBCUniversal) 20030NCU3 2550000.00000000 PA USD 2911319.47000000 0.113208624287 Long DBT CORP US N 2 2030-10-15 Fixed 0.04250000 N N N N N N IPG Photonics Corp. 5493002KZ51CADQ94G15 IPG Photonics Corp. 44980X109 189470.00000000 NS USD 27457992.40000000 1.067722583294 Long EC CORP US N 1 N N N Berkshire Hathaway Energy Co. 549300JD0S5IZJE9LY15 Berkshire Hathaway Energy Co. 084659AP6 2000000.00000000 PA USD 2145521.52000000 0.083430053678 Long DBT CORP US N 2 2048-07-15 Fixed 0.03800000 N N N N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 31390REE9 21226.41000000 PA USD 24161.14000000 0.000939522250 Long ABS-MBS USGA US N 2 2032-07-01 Fixed 0.07000000 N N N N N N Facebook Inc. Class A BQ4BKCS1HXDV9HN80Z93 Facebook Inc. Class A 30303M102 200203.00000000 NS USD 41091665.75000000 1.597877181525 Long EC CORP US N 1 N N N Hess Corp. UASVRYNXNK17ULIGK870 Hess Corp. 42809H107 398911.00000000 NS USD 26651243.91000000 1.036351623274 Long EC CORP US N 1 N N N Keysight Technologies Inc. 549300GLKVIO8YRCYN02 Keysight Technologies Inc. 49338LAE3 4500000.00000000 PA USD 4985786.48000000 0.193875675345 Long DBT CORP US N 2 2027-04-06 Fixed 0.04600000 N N N N N N Duke Energy Corp. I1BZKREC126H0VB1BL91 Duke Energy Corp. 26441CAX3 2500000.00000000 PA USD 2573460.30000000 0.100070742226 Long DBT CORP US N 2 2027-08-15 Fixed 0.03150000 N N N N N N Citigroup Inc. 6SHGI4ZSSLCXXQSBB395 Citigroup Inc. 172967KM2 7250000.00000000 PA USD 8238175.00000000 0.320347000046 Long DBT CORP US N 2 2049-12-29 Fixed 0.06250000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828N30 16600000.00000000 PA USD 16843177.05000000 0.654958317735 Long DBT UST US N 2 2022-12-31 Fixed 0.02125000 N N N N N N Emerson Electric Co. FGLT0EWZSUIRRITFOA30 Emerson Electric Co. 291011104 259788.00000000 NS USD 19811432.88000000 0.770380950844 Long EC CORP US N 1 N N N Las Vegas Sands Inc. 549300DUOO1KXOHPM605 Las Vegas Sands Inc. 517834107 738212.00000000 NS USD 50966156.48000000 1.981853424120 Long EC CORP US N 1 N N N U.S. Treasury Bonds 254900HROIFWPRGM1V77 U.S. Treasury Bonds 912810SA7 4500000.00000000 PA USD 5052877.34000000 0.196484548758 Long DBT UST US N 2 2048-02-15 Fixed 0.03000000 N N N N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 31400TW37 8865.96000000 PA USD 9764.30000000 0.000379691401 Long ABS-MBS USGA US N 2 2033-05-01 Fixed 0.05500000 N N N N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 31390TUC1 16599.85000000 PA USD 18728.94000000 0.000728287483 Long ABS-MBS USGA US N 2 2032-09-01 Fixed 0.06500000 N N N N N N PPG Industries Inc. 549300BKPEP01R3V6C59 PPG Industries Inc. 693506107 324091.00000000 NS USD 43262907.59000000 1.682307387222 Long EC CORP US N 1 N N N Crown Castle International Corp. 54930012H97VSM0I2R19 Crown Castle International Corp. 228227BD5 2217000.00000000 PA USD 2407266.24000000 0.093608173933 Long DBT CORP US N 2 2023-01-15 Fixed 0.05250000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828V98 10000000.00000000 PA USD 10268471.00000000 0.399296431541 Long DBT UST US N 2 2027-02-15 Fixed 0.02250000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128285S5 1000000.00000000 PA USD 1008270.51000000 0.039207279902 Long DBT UST US N 2 2020-12-31 Fixed 0.02500000 N N N N N N Cisco Systems Inc. 8E6NF1YAL0WT6CWXXV93 Cisco Systems Inc. 17275R102 886983.00000000 NS USD 42539704.68000000 1.654185153518 Long EC CORP US N 1 N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828XQ8 8480000.00000000 PA USD 8563518.84000000 0.332998215045 Long DBT UST US N 2 2022-07-31 Fixed 0.02000000 N N N N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 31371HHK7 3189.52000000 PA USD 3536.18000000 0.000137506748 Long ABS-MBS USGA US N 2 2029-02-01 Fixed 0.06500000 N N N N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 3138EPKX1 5190426.67560000 PA USD 5754061.91000000 0.223750584437 Long ABS-MBS USGA US N 2 2043-11-01 Fixed 0.04500000 N N N N N N QUALCOMM Inc. H1J8DDZKZP6H7RWC0H53 QUALCOMM Inc. 747525103 565940.00000000 NS USD 49932886.20000000 1.941674011273 Long EC CORP US N 1 N N N General Motors Financial Co. Inc. (GTD by AmeriCredit Financial Services Inc.) 5493008B6JBRUJ90QL97 General Motors Financial Co. Inc. (GTD by AmeriCredit Financial Services Inc.) 37045XAW6 1500000.00000000 PA USD 1533721.64000000 0.059639802053 Long DBT CORP US N 2 2022-04-10 Fixed 0.03450000 N N N N N N Dynacast International LLC (ICE LIBOR plus 850 bps) X7KHAIMGSSPZ1XIJIL51 Dynacast International LLC (ICE LIBOR plus 850 bps) 26779LAB3 10981003.76000000 PA USD 10349596.04000000 0.402451033524 Long LON CORP US N 2 2023-01-30 Variable 0.10444600 N N N N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 31389K5Q0 12206.24000000 PA USD 14225.51000000 0.000553168566 Long ABS-MBS USGA US N 2 2032-02-01 Fixed 0.07000000 N N N N N N Apple Inc. HWUPKR0MPOU8FGXBT394 Apple Inc. 037833CR9 9000000.00000000 PA USD 9486138.69000000 0.368874911174 Long DBT CORP US N 2 2027-05-11 Fixed 0.03200000 N N N N N N PNC Bank N.A. AD6GFRVSDT01YPT1CS68 PNC Bank N.A. 69353REQ7 5000000.00000000 PA USD 5242406.65000000 0.203854524011 Long DBT CORP US N 2 2025-06-01 Fixed 0.03250000 N N N N N N Truist Financial Corp. (3-Month ICE LIBOR plus 386 bps) 549300DRQQI75D2JP341 Truist Financial Corp. (3-Month ICE LIBOR plus 386 bps) 89832QAA7 7600000.00000000 PA USD 7622800.00000000 0.296417727464 Long DBT CORP US N 2 2168-12-15 Variable 0.05753600 N N N N N N Chevron Corp. N/A Chevron Corp. 166764100 206485.00000000 NS USD 24883507.35000000 0.967611992971 Long EC CORP US N 1 N N N Infineon Technologies AG ADR TSI2PJM6EPETEQ4X1U25 Infineon Technologies AG ADR 45662N103 1287642.00000000 NS USD 28843180.80000000 1.121586569970 Long EC CORP DE N 1 N N N Goldman Sachs Group Inc. (The) 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc. (The) 38141G104 168000.00000000 NS USD 38628240.00000000 1.502085207107 Long EC CORP US N 1 N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128285G1 8205000.00000000 PA USD 8286321.23000000 0.322219198724 Long DBT UST US N 2 2020-10-31 Fixed 0.02875000 N N N N N N Microsoft Corp. INR2EJN1ERAN0W5ZP974 Microsoft Corp. 594918104 341037.00000000 NS USD 53781534.90000000 2.091331315867 Long EC CORP US N 1 N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128282A7 6500000.00000000 PA USD 6366701.77000000 0.247573499252 Long DBT UST US N 2 2026-08-15 Fixed 0.01500000 N N N N N N Waste Management Inc. (GTD by Waste Management Holdings Inc.) 549300YX8JIID70NFS41 Waste Management Inc. (GTD by Waste Management Holdings Inc.) 94106LBE8 6000000.00000000 PA USD 6253568.10000000 0.243174220069 Long DBT CORP US N 2 2027-11-15 Fixed 0.03150000 N N N N N N Delta Air Lines Inc. Q2CCMS6R0AS67HJMBN42 Delta Air Lines Inc. 247361702 460589.00000000 NS USD 26935244.72000000 1.047395186623 Long EC CORP US N 1 N N N Berkshire Hathaway Inc. Class B 5493000C01ZX7D35SD85 Berkshire Hathaway Inc. Class B 084670702 153800.00000000 NS USD 34835700.00000000 1.354609727216 Long EC CORP US N 1 N N N Hyundai Capital America 549300RIPPWJB5Z0FK07 Hyundai Capital America 44891AAL1 2500000.00000000 PA USD 2501015.60000000 0.097253681128 Long DBT CORP US N 2 2020-04-03 Fixed 0.02550000 N N N N N N PNC Financial Services Group Inc. (The) CFGNEKW0P8842LEUIA51 PNC Financial Services Group Inc. (The) 693475105 274484.00000000 NS USD 43815880.92000000 1.703810128712 Long EC CORP US N 1 N N N Forest Laboratories Inc. 254900TUPGX2F5Y3AU71 Forest Laboratories Inc. 345838AA4 7500000.00000000 PA USD 7842384.00000000 0.304956399640 Long DBT CORP US N 2 2021-12-15 Fixed 0.05000000 N N N N N N Verizon Communications Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications Inc. 92343VEA8 4000000.00000000 PA USD 4667395.52000000 0.181494827781 Long DBT CORP US N 2 2033-08-10 Fixed 0.04500000 N N N N N N Apple Inc. HWUPKR0MPOU8FGXBT394 Apple Inc. 037833100 181469.00000000 NS USD 53288371.85000000 2.072154337519 Long EC CORP US N 1 N N N Federal National Mortgage Association Agency REMIC/CMO N/A Federal National Mortgage Association Agency REMIC/CMO 3136AT5B6 8598741.75280000 PA USD 8876047.73000000 0.345151112057 Long ABS-MBS USGA US N 2 2046-10-25 Fixed 0.03000000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128282R0 2000000.00000000 PA USD 2054508.84000000 0.079890964134 Long DBT UST US N 2 2027-08-15 Fixed 0.02250000 N N N N N N Citigroup Inc. 6SHGI4ZSSLCXXQSBB395 Citigroup Inc. 172967JZ5 2850000.00000000 PA USD 2916205.50000000 0.113398620864 Long DBT CORP US N 2 2049-12-29 Fixed 0.05950000 N N N N N N Zimmer Holdings Inc. 2P2YLDVPES3BXQ1FRB91 Zimmer Holdings Inc. 98956PAK8 3000000.00000000 PA USD 3001946.04000000 0.116732699683 Long DBT CORP US N 2 2020-04-01 Fixed 0.02700000 N N N N N N Alphabet Inc. Class A 5493006MHB84DD0ZWV18 Alphabet Inc. Class A 02079K305 33400.00000000 NS USD 44735626.00000000 1.739575037467 Long EC CORP US N 1 N N N JPMorgan Chase & Co. (3-Month U.S. LIBOR plus 332 bps) 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co. (3-Month U.S. LIBOR plus 332 bps) 48127FAA1 7700000.00000000 PA USD 7757750.00000000 0.301665349377 Long DBT CORP US N 2 2168-01-01 Variable 0.05418600 N N N N N N Snap-on Inc. HHWAT5TDOYZMM26KKQ73 Snap-on Inc. 833034101 154460.00000000 NS USD 26165524.00000000 1.017464076453 Long EC CORP US N 1 N N N V.F. Corp. CWAJJ9DJ5Z7P057HV541 V.F. Corp. 918204108 304913.00000000 NS USD 30387629.58000000 1.181643504109 Long EC CORP US N 1 N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128285F3 37855000.00000000 PA USD 38695068.70000000 1.504683886252 Long DBT UST US N 2 2021-10-15 Fixed 0.02875000 N N N N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 31371HAR9 23521.53000000 PA USD 25610.81000000 0.000995893647 Long ABS-MBS USGA US N 2 2028-10-01 Fixed 0.06500000 N N N N N N General Mills Inc. 2TGYMUGI08PO8X8L6150 General Mills Inc. 370334104 368882.00000000 NS USD 19757319.92000000 0.768276731839 Long EC CORP US N 1 N N N Core Laboratories N.V. 724500MDYY5VBSAF5W50 Core Laboratories N.V. N/A 142100.00000000 NS USD 5352907.00000000 0.208151404768 Long EC CORP NL N 1 N N N U.S. Bancorp N1GZ7BBF3NP8GI976H15 U.S. Bancorp 902973304 464390.00000000 NS USD 27533683.10000000 1.070665867295 Long EC CORP US N 1 N N N Federal Home Loan Mortgage Corp. Fixed Rate Participation Certificates N/A Federal Home Loan Mortgage Corp. Fixed Rate Participation Certificates 31292HNC4 20851.52000000 PA USD 23615.50000000 0.000918304670 Long ABS-MBS USGA US N 2 2032-01-01 Fixed 0.06500000 N N N N N N Baker Hughes a GE Co. LLC and Baker Hughes Co-Obligor Inc. 549300XU3XH6F05YEQ93 Baker Hughes a GE Co. LLC and Baker Hughes Co-Obligor Inc. 05723KAE0 3000000.00000000 PA USD 3127973.91000000 0.121633378544 Long DBT CORP US N 2 2027-12-15 Fixed 0.03337000 N N N N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co. 46625H100 315459.00000000 NS USD 43974984.60000000 1.709996982789 Long EC CORP US N 1 N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 31389GSV3 22029.57000000 PA USD 24777.02000000 0.000963471160 Long ABS-MBS USGA US N 2 2032-02-01 Fixed 0.07000000 N N N N N N Domino's Pizza Inc. 5299004V0Y8MI5D9FF45 Domino's Pizza Inc. 25754A201 123856.00000000 NS USD 36386415.68000000 1.414910353994 Long EC CORP US N 1 N N N Bristol-Myers Squibb Co. HLYYNH7UQUORYSJQCN42 Bristol-Myers Squibb Co. 110122BP2 4500000.00000000 PA USD 4810031.10000000 0.187041308665 Long DBT CORP US N 2 2027-11-15 Fixed 0.03450000 N N N N N N American Airlines Class AA Pass-Through Certificates Series 2017-2 IWUQB36BXD6OWD6X4T14 American Airlines Class AA Pass-Through Certificates Series 2017-2 02376AAA7 3675266.54000000 PA USD 3747910.76000000 0.145740041745 Long ABS-O CORP US N 2 2029-10-15 Fixed 0.03350000 N N N N N N Anthem Inc. 8MYN82XMYQH89CTMTH67 Anthem Inc. 036752103 109966.00000000 NS USD 33213030.98000000 1.291511146204 Long EC CORP US N 1 N N N Anglo American plc TINT358G1SSHR3L3PW36 Anglo American plc 034863AM2 3500000.00000000 PA USD 3569138.97000000 0.138788379924 Long DBT CORP GB N 2 2021-04-15 Fixed 0.04125000 N N N N N N Government National Mortgage Association Fixed Rate Pass-Through Certificates 549300M8ZYFG0OCMTT87 Government National Mortgage Association Fixed Rate Pass-Through Certificates 36209DBU7 8293.01000000 PA USD 9150.52000000 0.000355824151 Long ABS-MBS USGA US N 2 2028-08-15 Fixed 0.06500000 N N N N N N AT&T Inc. 549300Z40J86GGSTL398 AT&T Inc. 00206RCT7 2850000.00000000 PA USD 3086339.56000000 0.120014398719 Long DBT CORP US N 2 2026-02-17 Fixed 0.04125000 N N N N N N Fiserv Inc. GI7UBEJLXYLGR2C7GV83 Fiserv Inc. 337738108 374150.00000000 NS USD 43262964.50000000 1.682309600206 Long EC CORP US N 1 N N N U.S. Treasury Bonds 254900HROIFWPRGM1V77 U.S. Treasury Bonds 912810RZ3 8000000.00000000 PA USD 8568707.84000000 0.333199992815 Long DBT UST US N 2 2047-11-15 Fixed 0.02750000 N N N N N N Ameren Illinois Co. RC71E2BZ6UOMFPDJSE79 Ameren Illinois Co. 02361DAU4 2000000.00000000 PA USD 2018181.98000000 0.078478369643 Long DBT CORP US N 2 2050-03-15 Fixed 0.03250000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128284M9 1500000.00000000 PA USD 1586858.18000000 0.061706052306 Long DBT UST US N 2 2025-04-30 Fixed 0.02875000 N N N N N N Ares Capital Corp. WEQ82666OJYSI5GUAB47 Ares Capital Corp. 04010LAV5 5225000.00000000 PA USD 5454719.69000000 0.212110459996 Long DBT CORP US N 2 2025-03-01 Fixed 0.04250000 N N N N N N Amgen Inc. 62QBXGPJ34PQ72Z12S66 Amgen Inc. 031162BW9 7000000.00000000 PA USD 7002614.36000000 0.272301389896 Long DBT CORP US N 2 2020-05-01 Fixed 0.02125000 N N N N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co. 46625HKK5 2750000.00000000 PA USD 2770900.00000000 0.107748318338 Long DBT CORP US N 2 2168-11-01 Fixed 0.05300000 N N N N N N U.S. Treasury Bonds 254900HROIFWPRGM1V77 U.S. Treasury Bonds 912810QS0 1750000.00000000 PA USD 2170005.55000000 0.084382131725 Long DBT UST US N 2 2041-08-15 Fixed 0.03750000 N N N N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 31400Y3P9 3679.56000000 PA USD 4125.90000000 0.000160438408 Long ABS-MBS USGA US N 2 2033-05-01 Fixed 0.05500000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828U24 1000000.00000000 PA USD 1010396.61000000 0.039289954737 Long DBT UST US N 2 2026-11-15 Fixed 0.02000000 N N N N N N General Motors Financial Co. Inc. (GTD by AmeriCredit Financial Services Inc.) 5493008B6JBRUJ90QL97 General Motors Financial Co. Inc. (GTD by AmeriCredit Financial Services Inc.) 37045XBK1 1850000.00000000 PA USD 1906560.22000000 0.074137882101 Long DBT CORP US N 2 2023-05-09 Fixed 0.03700000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128284R8 8300000.00000000 PA USD 8783123.16000000 0.341537677379 Long DBT UST US N 2 2025-05-31 Fixed 0.02875000 N N N N N N Northern Trust Corp. 549300GLF98S992BC502 Northern Trust Corp. 665859104 318418.00000000 NS USD 33828728.32000000 1.315452953195 Long EC CORP US N 1 N N N Pfizer Inc. 765LHXWGK1KXCLTFYQ30 Pfizer Inc. 717081103 338838.00000000 NS USD 13275672.84000000 0.516233506558 Long EC CORP US N 1 N N N American Tower Trust I N/A American Tower Trust I 03027WAK8 2000000.00000000 PA USD 2088892.00000000 0.081227976538 Long DBT CORP US N 2 2028-03-23 Fixed 0.03652000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828S50 43481205.00000000 PA USD 43614792.31000000 1.695990662270 Long DBT UST US N 2 2026-07-15 Fixed 0.00125000 N N N N N N U.S. Treasury Bonds 254900HROIFWPRGM1V77 U.S. Treasury Bonds 912810SF6 16600000.00000000 PA USD 18705516.78000000 0.727376656211 Long DBT UST US N 2 2049-02-15 Fixed 0.03000000 N N N N N N Deere & Co. PWFTNG3EI0Y73OXWDH08 Deere & Co. 244199105 182950.00000000 NS USD 31697917.00000000 1.232594915580 Long EC CORP US N 1 N N N Northrop Grumman Corp. RIMU48P07456QXSO0R61 Northrop Grumman Corp. 666807BN1 5500000.00000000 PA USD 5732957.73000000 0.222929934141 Long DBT CORP US N 2 2028-01-15 Fixed 0.03250000 N N N N N N Ecolab Inc. 82DYEISM090VG8LTLS26 Ecolab Inc. 278865BD1 3000000.00000000 PA USD 3171805.26000000 0.123337790198 Long DBT CORP US N 2 2027-12-01 Fixed 0.03250000 N N N N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160CL6 9000000.00000000 PA USD 9629766.27000000 0.374459966648 Long DBT CORP US N 2 2038-01-15 Fixed 0.03400000 N N N N N N Arista Networks Inc. 635400H1WKBLOQERUU95 Arista Networks Inc. 040413106 26349.00000000 NS USD 5359386.60000000 0.208403368391 Long EC CORP US N 1 N N N Credit Suisse Group Funding (Guernsey) Ltd. 549300PXR5FKNXF0OH19 Credit Suisse Group Funding (Guernsey) Ltd. 225433AD3 4500000.00000000 PA USD 4505573.52000000 0.175202269995 Long DBT CORP GG N 2 2020-03-26 Fixed 0.02750000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828WE6 1500000.00000000 PA USD 1560035.69000000 0.060663041663 Long DBT UST US N 2 2023-11-15 Fixed 0.02750000 N N N N N N Nabors Industries Ltd. Convertible 549300VFQWRKICUFNU92 Nabors Industries Ltd. Convertible 62957HAB1 30100000.00000000 PA USD 22438419.44000000 0.872533097850 Long DBT CORP US N 2 2024-01-15 Fixed 0.00750000 N N N N Y Nabors Industries Inc Nabors Industries Inc USD XXXX N N N Enterprise Products Partners L.P. K4CDIF4M54DJZ6TB4Q48 Enterprise Products Partners L.P. 293792107 1060682.00000000 NS USD 29868805.12000000 1.161468664498 Long EC CORP US N 1 N N N Aon plc (GTD by Aon Corp.) VVT2B79I2Z4U3R6BY589 Aon plc (GTD by Aon Corp.) 00185AAJ3 7000000.00000000 PA USD 7070615.93000000 0.274945676882 Long DBT CORP GB N 2 2021-03-15 Fixed 0.02800000 N N N N N N Amazon.com Inc. ZXTILKJKG63JELOEG630 Amazon.com Inc. 023135AZ9 4000000.00000000 PA USD 4138090.96000000 0.160912462402 Long DBT CORP US N 2 2024-08-22 Fixed 0.02800000 N N N N N N Canadian Natural Resources Ltd. 549300T15RIMIKZC5Q38 Canadian Natural Resources Ltd. 136385101 931199.00000000 NS USD 30124287.65000000 1.171403275265 Long EC CORP CA N 1 N Cerner Corp. 549300L4UJ40IEVVI304 Cerner Corp. 156782104 476087.00000000 NS USD 34940024.93000000 1.358666472594 Long EC CORP US N 1 N N N Dreyfus Institutional Preferred Government Money Market Fund - Institutional Shares N/A Dreyfus Institutional Preferred Government Money Market Fund - Institutional Shares N/A 221104.24000000 PA USD 221104.24000000 0.008597787735 Long STIV CORP XX N 1 N N N Union Pacific Corp. 549300LMMRSZZCZ8CL11 Union Pacific Corp. 907818108 282150.00000000 NS USD 51009898.50000000 1.983554362117 Long EC CORP US N 1 N N N Lowe's Co. Inc. WAFCR4OKGSC504WU3E95 Lowe's Co. Inc. 548661107 375732.00000000 NS USD 44997664.32000000 1.749764574556 Long EC CORP US N 1 N N N Southern California Edison Co. 9R1Z5I36FERIBVKW4P77 Southern California Edison Co. 842400GK3 2000000.00000000 PA USD 2130266.36000000 0.082836846476 Long DBT CORP US N 2 2048-03-01 Fixed 0.04125000 N N N N N N GlaxoSmithKline plc ADR 5493000HZTVUYLO1D793 GlaxoSmithKline plc ADR 37733W105 768499.00000000 NS USD 36111768.01000000 1.404230493813 Long EC CORP GB N 1 N N N L3Harris Technologies Inc. 549300UTE50ZMDBG8A20 L3Harris Technologies Inc. 413875AW5 4000000.00000000 PA USD 4454112.04000000 0.173201155581 Long DBT CORP US N 2 2028-06-15 Fixed 0.04400000 N N N N N N Colorado Interstate Gas Co. N/A Colorado Interstate Gas Co. 196500AA0 8340000.00000000 PA USD 8744591.33000000 0.340039341139 Long DBT CORP US N 2 2026-08-15 Fixed 0.04150000 N N N N N N Goldman Sachs Group Inc. (The) 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc. (The) 38141GWM2 6000000.00000000 PA USD 6106030.14000000 0.237437106827 Long DBT CORP US N 2 2023-07-24 Fixed 0.02905000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912810QF8 38577060.00000000 PA USD 50410563.51000000 1.960248816159 Long DBT UST US N 2 2040-02-15 Fixed 0.02125000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128283V0 11750000.00000000 PA USD 12198996.88000000 0.474366234521 Long DBT UST US N 2 2025-01-31 Fixed 0.02500000 N N N N N N McDonalds Corp. UE2136O97NLB5BYP9H04 McDonalds Corp. 58013MFC3 1000000.00000000 PA USD 1146060.61000000 0.044565341023 Long DBT CORP US N 2 2047-03-01 Fixed 0.04450000 N N N N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 31371K6C0 11954.95000000 PA USD 13393.64000000 0.000520820739 Long ABS-MBS USGA US N 2 2033-06-01 Fixed 0.05500000 N N N N N N Northwestern Mutual Life Insurance Co. (The) 1DU7IM20QESYGDO4HO54 Northwestern Mutual Life Insurance Co. (The) 668138AA8 5000000.00000000 PA USD 5253402.20000000 0.204282093401 Long DBT CORP US N 2 2047-09-30 Fixed 0.03850000 N N N N N N Autodesk Inc. FRKKVKAIQEF3FCSTPG55 Autodesk Inc. 052769106 283025.00000000 NS USD 51923766.50000000 2.019090736646 Long EC CORP US N 1 N N N Comcast Corp. (GTD by Comcast Cable Communications and NBCUniversal) 51M0QTTNCGUN7KFCFZ59 Comcast Corp. (GTD by Comcast Cable Communications and NBCUniversal) 20030NCM1 2550000.00000000 PA USD 3138653.48000000 0.122048660838 Long DBT CORP US N 2 2048-10-15 Fixed 0.04700000 N N N N N N Williams Partners L.P. WUURD1P1N0874ONXXO03 Williams Partners L.P. 96949LAA3 5000000.00000000 PA USD 5139233.00000000 0.199842546934 Long DBT CORP US N 2 2022-03-15 Fixed 0.03600000 N N N N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 31389UHE2 13814.21000000 PA USD 16311.58000000 0.000634286807 Long ABS-MBS USGA US N 2 2032-03-01 Fixed 0.07000000 N N N N N N HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39 HSBC Holdings plc 404280AV1 5000000.00000000 PA USD 5078237.90000000 0.197470711266 Long DBT CORP GB N 2 2021-03-08 Fixed 0.03400000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128283X6 7513000.00000000 PA USD 7562650.04000000 0.294078755636 Long DBT UST US N 2 2021-02-15 Fixed 0.02250000 N N N N N N U.S. Treasury Bonds 254900HROIFWPRGM1V77 U.S. Treasury Bonds 912810SD1 34572000.00000000 PA USD 38889639.00000000 1.512249883806 Long DBT UST US N 2 2048-08-15 Fixed 0.03000000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128285T3 15000000.00000000 PA USD 15715084.35000000 0.611091671030 Long DBT UST US N 2 2025-12-31 Fixed 0.02625000 N N N N N N JPMorgan Chase & Co. (3-Month U.S. LIBOR plus 347 bps) 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co. (3-Month U.S. LIBOR plus 347 bps) 46625HHA1 1851000.00000000 PA USD 1867659.00000000 0.072625181883 Long DBT CORP US N 2 2049-04-29 Variable 0.05405500 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128282Y5 7400000.00000000 PA USD 7540927.08000000 0.293234043662 Long DBT UST US N 2 2024-09-30 Fixed 0.02125000 N N N N N N Las Vegas Sands Corp. 549300DUOO1KXOHPM605 Las Vegas Sands Corp. 517834AE7 2650000.00000000 PA USD 2723380.14000000 0.105900476481 Long DBT CORP US N 2 2026-08-18 Fixed 0.03500000 N N N N N N U.S. Bancorp N1GZ7BBF3NP8GI976H15 U.S. Bancorp 91159HHM5 4400000.00000000 PA USD 4575962.07000000 0.177939376312 Long DBT CORP US N 2 2026-04-27 Fixed 0.03100000 N N N N N N Kansas City Power & Light Co. 1128SIJQ26096WL7IO82 Kansas City Power & Light Co. 485134BR0 1000000.00000000 PA USD 1143329.58000000 0.044459143076 Long DBT CORP US N 2 2048-03-15 Fixed 0.04200000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128284N7 5500000.00000000 PA USD 5916090.40000000 0.230051171727 Long DBT UST US N 2 2028-05-15 Fixed 0.02875000 N N N N N N Exelon Corp. 3SOUA6IRML7435B56G12 Exelon Corp. 30161NAT8 4300000.00000000 PA USD 4318499.33000000 0.167927763742 Long DBT CORP US N 2 2021-04-15 Fixed 0.02450000 N N N N N N Boeing Co. (The) RVHJWBXLJ1RFUBSY1F30 Boeing Co. (The) 097023105 112019.00000000 NS USD 36491309.44000000 1.418989218711 Long EC CORP US N 1 N N N Berkshire Hathaway Energy Co. 549300JD0S5IZJE9LY15 Berkshire Hathaway Energy Co. 084659AM3 1000000.00000000 PA USD 1055977.57000000 0.041062401158 Long DBT CORP US N 2 2028-04-15 Fixed 0.03250000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828X88 4375000.00000000 PA USD 4532638.78000000 0.176254720914 Long DBT UST US N 2 2027-05-15 Fixed 0.02375000 N N N N N N U.S. Treasury Bonds 254900HROIFWPRGM1V77 U.S. Treasury Bonds 912810QK7 2425000.00000000 PA USD 3052821.51000000 0.118711026702 Long DBT UST US N 2 2040-08-15 Fixed 0.03875000 N N N N N N Goldman Sachs Group Inc. (The) (3-Month U.S. LIBOR plus 388.4 bps) 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc. (The) (3-Month U.S. LIBOR plus 388.4 bps) 38148BAA6 620000.00000000 PA USD 623100.00000000 0.024229664425 Long DBT CORP US N 2 2049-12-29 Variable 0.05784600 N N N N N N Sumitomo Mitsui Banking Corp. 5U0XI89JRFVHWIBS4F54 Sumitomo Mitsui Banking Corp. 865622BR4 2000000.00000000 PA USD 2000426.00000000 0.077787916366 Long DBT CORP JP N 2 2020-01-16 Fixed 0.02450000 N N N N N N Transcontinental Gas Pipe Line Co. LLC N/A Transcontinental Gas Pipe Line Co. LLC 893574AM5 2000000.00000000 PA USD 2186662.00000000 0.085029829035 Long DBT CORP US N 2 2048-03-15 Fixed 0.04600000 N N N N N N Federal Home Loan Mortgage Corp. Fixed Rate Participation Certificates N/A Federal Home Loan Mortgage Corp. Fixed Rate Participation Certificates 31287MHQ6 19075.98000000 PA USD 21189.88000000 0.000823982798 Long ABS-MBS USGA US N 2 2031-12-01 Fixed 0.06500000 N N N N N N Sumitomo Life Insurance Co. 549300I5OQCDADQSPI57 Sumitomo Life Insurance Co. 86564CAB6 5000000.00000000 PA USD 5281250.00000000 0.205364973916 Long DBT CORP JP N 2 2077-09-14 Fixed 0.04000000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128285Q9 9500000.00000000 PA USD 9593240.79000000 0.373039648684 Long DBT UST US N 2 2020-11-30 Fixed 0.02750000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828D56 21000000.00000000 PA USD 21623460.60000000 0.840842872824 Long DBT UST US N 2 2024-08-15 Fixed 0.02375000 N N N N N N Crown Castle International Corp. 54930012H97VSM0I2R19 Crown Castle International Corp. 22822VAN1 5400000.00000000 PA USD 5460590.75000000 0.212338760131 Long DBT CORP US N 2 2029-11-15 Fixed 0.03100000 N N N N N N Entergy Texas Inc. LWXX58X12AJXISQ28573 Entergy Texas Inc. 29365TAE4 3900000.00000000 PA USD 3901646.66000000 0.151718166070 Long DBT CORP US N 2 2021-06-01 Fixed 0.02550000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128283P3 1875000.00000000 PA USD 1923088.14000000 0.074780581436 Long DBT UST US N 2 2024-12-31 Fixed 0.02250000 N N N N N N Shire Acquisitions Investments Ireland Designated Activity Co. 549300XK5HGW68R8K327 Shire Acquisitions Investments Ireland Designated Activity Co. 82481LAC3 7000000.00000000 PA USD 7128125.97000000 0.277181993638 Long DBT CORP IE N 2 2023-09-23 Fixed 0.02875000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128285L0 5250000.00000000 PA USD 5372534.84000000 0.208914646585 Long DBT UST US N 2 2021-11-15 Fixed 0.02875000 N N N N N N Federal National Mortgage Association Agency REMIC/CMO N/A Federal National Mortgage Association Agency REMIC/CMO 3136ASNS1 5354989.04290000 PA USD 5607215.99000000 0.218040381638 Long ABS-MBS USGA US N 2 2029-06-25 Fixed 0.03500000 N N N N N N Constellation Brands Inc. 5493005GKEG8QCVY7037 Constellation Brands Inc. 21036P108 199060.00000000 NS USD 37771635.00000000 1.468775543016 Long EC CORP US N 1 N N N Federal National Mortgage Association Fixed Rate Pass-Through Certificates B1V7KEBTPIMZEU4LTD58 Federal National Mortgage Association Fixed Rate Pass-Through Certificates 31388KT77 29950.42000000 PA USD 34052.89000000 0.001324169631 Long ABS-MBS USGA US N 2 2031-11-01 Fixed 0.07000000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128285K2 4750000.00000000 PA USD 4960950.45000000 0.192909909541 Long DBT UST US N 2 2023-10-31 Fixed 0.02875000 N N N N N N Zimmer Holdings Inc. 2P2YLDVPES3BXQ1FRB91 Zimmer Holdings Inc. 98956P102 338740.00000000 NS USD 50702603.20000000 1.971604976788 Long EC CORP US N 1 N N N Knight Transportation Inc. N/A Knight Transportation Inc. 499049104 942727.00000000 NS USD 33787335.68000000 1.313843372426 Long EC CORP US N 1 N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912810RR1 25957790.00000000 PA USD 28537820.15000000 1.109712414814 Long DBT UST US N 2 2046-02-15 Fixed 0.01000000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128285M8 19000000.00000000 PA USD 20876699.92000000 0.811804579319 Long DBT UST US N 2 2028-11-15 Fixed 0.03125000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828UN8 40000000.00000000 PA USD 40444048.40000000 1.572694143382 Long DBT UST US N 2 2023-02-15 Fixed 0.02000000 N N N N N N U.S. Treasury Bonds 254900HROIFWPRGM1V77 U.S. Treasury Bonds 912828M56 5000000.00000000 PA USD 5130636.15000000 0.199508252614 Long DBT UST US N 2 2025-11-15 Fixed 0.02250000 N N N N N N State Street Institutional U.S. Government Money Market Fund - Premier Class N/A State Street Institutional U.S. Government Money Market Fund - Premier Class N/A 9699937.66000000 PA USD 9699937.66000000 0.377188628551 Long STIV CORP US N 1 N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828M49 3500000.00000000 PA USD 3524229.03000000 0.137042026569 Long DBT UST US N 2 2022-10-31 Fixed 0.01875000 N N N N N N LyondellBasell Industries N.V. Class A BN6WCCZ8OVP3ITUUVN49 LyondellBasell Industries N.V. Class A N/A 370550.00000000 NS USD 35009564.00000000 1.361370546307 Long EC CORP NL N 1 N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128285C0 5875000.00000000 PA USD 6269275.89000000 0.243785028094 Long DBT UST US N 2 2025-09-30 Fixed 0.03000000 N N N N N N Walt Disney Co. (The) 7260JQNI6SCF9FIV2392 Walt Disney Co. (The) 254687106 120398.00000000 NS USD 17413162.74000000 0.677122596336 Long EC CORP US N 1 N N N Alphabet Inc. Class C 5493006MHB84DD0ZWV18 Alphabet Inc. Class C 02079K107 9447.00000000 NS USD 12630827.94000000 0.491158277006 Long EC CORP US N 1 N N N Federal Home Loan Mortgage Corp. Agency REMIC/CMO N/A Federal Home Loan Mortgage Corp. Agency REMIC/CMO 3137BS3Q4 8264039.50750000 PA USD 8494231.85000000 0.330303943633 Long ABS-MBS USGA US N 2 2045-06-15 Fixed 0.03000000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128286Z8 6900000.00000000 PA USD 6915500.64000000 0.268913914045 Long DBT UST US N 2 2024-06-30 Fixed 0.01750000 N N N N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828X47 13800000.00000000 PA USD 13884004.05000000 0.539888876607 Long DBT UST US N 2 2022-04-30 Fixed 0.01875000 N N N N N N Walmart Inc. Y87794H0US1R65VBXU25 Walmart Inc. 931142EC3 2500000.00000000 PA USD 2953525.65000000 0.114849840108 Long DBT CORP US N 2 2048-06-29 Fixed 0.04050000 N N N N N N Intel Corp. KNX4USFCNGPY45LOCE31 Intel Corp. 458140100 362345.00000000 NS USD 21686348.25000000 0.843288301577 Long EC CORP US N 1 N N N Verizon Communications Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications Inc. 92343V104 451311.00000000 NS USD 27710495.40000000 1.077541333023 Long EC CORP US N 1 N N N Electronic Arts Inc. 549300O7A67PUEYKDL45 Electronic Arts Inc. 285512109 393000.00000000 NS USD 42251430.00000000 1.642975397847 Long EC CORP US N 1 N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 912828YB0 10500000.00000000 PA USD 10220922.39000000 0.397447471720 Long DBT UST US N 2 2029-08-15 Fixed 0.01625000 N N N N N Micron Technology Inc. B3DXGBC8GAIYWI2Z0172 Micron Technology Inc. 595112103 822771.00000000 NS USD 44248624.38000000 1.720637650487 Long EC CORP US N 1 N N N U.S. Treasury Notes 254900HROIFWPRGM1V77 U.S. Treasury Notes 9128283C2 6520000.00000000 PA USD 6588071.28000000 0.256181602192 Long DBT UST US N 2 2022-10-31 Fixed 0.02000000 N N N N N N Southwest Airlines Co. UDTZ87G0STFETI6HGH41 Southwest Airlines Co. 844741BB3 5525000.00000000 PA USD 5554119.29000000 0.215975680590 Long DBT CORP US N 2 2020-11-05 Fixed 0.02650000 N N N N N N Blackstone Group Inc. (The) Class A 5299004LW4QWGZUB8Y96 Blackstone Group Inc. (The) Class A 09260D107 194978.00000000 NS USD 10907069.32000000 0.424128758609 Long EC CORP US N 1 N N N 2020-01-30 IVY FUNDS Joseph W. Kauten Joseph W. Kauten Treasurer, Vice President XXXX