Vident’s proprietary investment philosophy is expressed through distinct fundamentals that we believe should be top of mind when it comes to investing. These fundamentals are woven through the construction of the Vident U.S. Bond Strategy ETF™. The application of Vident’s investment methodology seeks to allocate capital with diversification across U.S. and international bond sectors. By selecting individual bonds that consider governance factors and valuation, Vident seeks to achieve portfolio resiliency and reasonable tradeoffs among quality, duration, and yield, versus a traditional U.S. core bond market approach.
12/31/2025
UNCERTAINTY & INSTABILITY
Systematically distributes interest rate and credit risk by allocating to core and noncore sectors (high yield and TIPS) to generate a broadly diversified portfolio that protects against unfavorable market conditions.
HUMAN PRODUCTIVITY
Removes issuers with the highest financial distress indicators to improve the credit risk profile of the portfolio.
GOVERNANCE
Utilizes a governance factor model that seeks to allocate to companies with higher creditworthiness.
MOMENTUM
Momentum appears in the index as a weightings tilt towards companies that already meet quality standards, instead of a primary investment factor.
COUNTRY OPPORTUNITY
U.S. denominated international bonds are selected only from those countries whose scores are in the top half of Vident’s Country Opportunity Score
| index | Month End Performance (As of 12/31/2025) | VBND Nav Returns | VBND Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | 1 Month | -0.14% | 0.11% |
| 2 | 3 Month | 0.82% | 0.97% |
| 3 | Year To Date | 6.62% | 7.30% |
| 4 | Since Inception* | 20.29% | 20.71% |
| 5 | Average Annual | ||
| 6 | 1 Year | 6.62% | 7.30% |
| 7 | 3 Year | 5.27% | 5.53% |
| 8 | 5 Year | -0.06% | 0.09% |
| 9 | 10 Year | 1.88% | 1.92% |
| 10 | Since Inception* | 1.66% | 1.69% |
| index | Quarter End Performance (As of 12/31/2025) | VBND Nav Returns | VBND Market Price Returns |
|---|---|---|---|
| 0 | Cumulative | ||
| 1 | Quarter | 0.82% | 0.97% |
| 2 | Year To Date | 6.62% | 7.30% |
| 3 | Since Inception* | 20.29% | 20.71% |
| 4 | Average Annual | ||
| 5 | 1 Year | 6.62% | 7.30% |
| 6 | 3 Year | 5.27% | 5.53% |
| 7 | 5 Year | -0.06% | 0.09% |
| 8 | 10 Year | 1.88% | 1.92% |
| 9 | Since Inception* | 1.66% | 1.69% |
*Fund Inception Date: 10/15/2014
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Short term performance is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.
As of DATE
| index | Name | Ticker | CUSIP or Other Identifier | Weight | Shares |
|---|---|---|---|---|---|
| 0 | U.S. Bank Money Market Deposit Account 06/01/2031 | USBFS03 | 8AMMF0A84 | 9.23% | 44,606,959 |
| 1 | United States Treasury Note/Bond 6.125% 11/15/2027 | 912810FB9 | 912810FB9 | 3.92% | 18,080,000 |
| 2 | United States Treasury Note/Bond 4.75% 11/15/2043 | 912810TW8 | 912810TW8 | 3.52% | 17,030,000 |
| 3 | United States Treasury Note/Bond 0.5% 05/31/2027 | 912828ZS2 | 912828ZS2 | 3.12% | 15,720,000 |
| 4 | United States Treasury Note/Bond 4.625% 05/15/2044 | 912810UB2 | 912810UB2 | 2.77% | 13,650,000 |
| 5 | United States Treasury Note/Bond 5% 05/15/2045 | 912810UL0 | 912810UL0 | 2.28% | 10,750,000 |
| 6 | United States Treasury Note/Bond 4.625% 11/15/2044 | 912810UF3 | 912810UF3 | 2.14% | 10,550,000 |
| 7 | Ginnie Mae 6% 07/20/2053 | 21H060614 | 21H060614 | 2.07% | 9,825,000 |
| 8 | United States Treasury Inflation Indexed Bonds 2.125% 02/15/2041 | 912810QP6 | 912810QP6 | 2.03% | 10,030,230 |
| 9 | United States Treasury Inflation Indexed Bonds 2.125% 02/15/2040 | 912810QF8 | 912810QF8 | 1.85% | 9,033,420 |
| 10 | United States Treasury Inflation Indexed Bonds 2.125% 01/15/2035 | 91282CML2 | 91282CML2 | 1.59% | 7,537,633 |
| 11 | Fannie Mae or Freddie Mac 6% 01/15/2041 | 01F060618 | 01F060618 | 1.55% | 7,300,000 |
| 12 | United States Treasury Note/Bond 4% 11/15/2042 | 912810TM0 | 912810TM0 | 1.53% | 8,095,000 |
| 13 | United States Treasury Inflation Indexed Bonds 0.75% 02/15/2042 | 912810QV3 | 912810QV3 | 1.51% | 9,360,845 |
| 14 | United States Treasury Note/Bond 4.375% 07/15/2027 | 91282CKZ3 | 91282CKZ3 | 1.44% | 6,870,000 |
| 15 | United States Treasury Note/Bond 4.5% 02/15/2044 | 912810TZ1 | 912810TZ1 | 1.26% | 6,285,000 |
| 16 | Fannie Mae or Freddie Mac 6.5% 01/15/2042 | 01F062614 | 01F062614 | 1.20% | 5,600,000 |
| 17 | United States Treasury Inflation Indexed Bonds 1.75% 01/15/2034 | 91282CJY8 | 91282CJY8 | 1.20% | 5,822,465 |
| 18 | United States Treasury Inflation Indexed Bonds 1.625% 04/15/2030 | 91282CNB3 | 91282CNB3 | 1.20% | 5,775,713 |
| 19 | Ginnie Mae 6.5% 07/20/2053 | 21H062610 | 21H062610 | 1.19% | 5,555,000 |
| 20 | United States Treasury Note/Bond 0.5% 06/30/2027 | 912828ZV5 | 912828ZV5 | 1.11% | 5,590,000 |
| 21 | United States Treasury Note/Bond 4.375% 08/15/2043 | 912810TU2 | 912810TU2 | 1.09% | 5,515,000 |
| 22 | United States Treasury Inflation Indexed Bonds 1.875% 07/15/2035 | 91282CNS6 | 91282CNS6 | 1.07% | 5,168,544 |
| 23 | Bank of Nova Scotia/The 3.625% 10/27/2081 | 0641598N9 | 0641598N9 | 1.02% | 5,100,000 |
| 24 | Elect Global Investments Ltd 7.2% 09/11/2174 | BMZLJ04 | BMZLJ04 | 0.98% | 4,550,000 |
| 25 | Edison International 8.125% 06/15/2053 | 281020AX5 | 281020AX5 | 0.97% | 4,520,000 |
| 26 | United States Treasury Inflation Indexed Bonds 2.125% 04/15/2029 | 91282CKL4 | 91282CKL4 | 0.93% | 4,418,694 |
| 27 | United States Treasury Inflation Indexed Bonds 3.875% 04/15/2029 | 912810FH6 | 912810FH6 | 0.92% | 4,117,318 |
| 28 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust 6.95% 03/10/2055 | 00774MBK0 | 00774MBK0 | 0.89% | 4,100,000 |
| 29 | United States Treasury Inflation Indexed Bonds 1.375% 02/15/2044 | 912810RF7 | 912810RF7 | 0.89% | 5,131,292 |
| 30 | Ginnie Mae 5.5% 09/20/2052 | 21H052611 | 21H052611 | 0.86% | 4,120,000 |
| 31 | Fannie Mae or Freddie Mac 5.5% 01/15/2041 | 01F052615 | 01F052615 | 0.76% | 3,600,000 |
| 32 | Fannie Mae or Freddie Mac 7% 01/01/2038 | 01F070617 | 01F070617 | 0.74% | 3,400,000 |
| 33 | NextEra Energy Capital Holdings Inc 6.7% 09/01/2054 | 65339KCW8 | 65339KCW8 | 0.73% | 3,400,000 |
| 34 | Ginnie Mae II Pool 6% 06/20/2055 | 3618N5PK9 | 3618N5PK9 | 0.72% | 3,426,927 |
| 35 | NextEra Energy Capital Holdings Inc 4.8% 12/01/2077 | 65339KAV2 | 65339KAV2 | 0.71% | 3,500,000 |
| 36 | United States Treasury Note/Bond 4.75% 02/15/2045 | 912810UJ5 | 912810UJ5 | 0.69% | 3,375,000 |
| 37 | Ginnie Mae II Pool 5% 01/20/2055 | 3618N5EU9 | 3618N5EU9 | 0.68% | 3,302,256 |
| 38 | Fannie Mae Pool 6.5% 04/01/2054 | 3140XPXF1 | 3140XPXF1 | 0.66% | 3,047,420 |
| 39 | Energy Transfer LP 6.5% 02/15/2056 | 29273VBG4 | 29273VBG4 | 0.64% | 3,100,000 |
| 40 | Ginnie Mae II Pool 6.5% 09/20/2055 | 3618N5VT3 | 3618N5VT3 | 0.64% | 2,973,075 |
| 41 | NiSource Inc 6.95% 11/30/2054 | 65473PAR6 | 65473PAR6 | 0.62% | 2,850,000 |
| 42 | United States Treasury Note/Bond 2.75% 07/31/2027 | 91282CFB2 | 91282CFB2 | 0.62% | 3,045,000 |
| 43 | Bank of Montreal 6.875% 11/26/2085 | 06368L8V1 | 06368L8V1 | 0.61% | 2,850,000 |
| 44 | Fannie Mae Pool 4% 06/01/2052 | 31418ED80 | 31418ED80 | 0.61% | 3,091,587 |
| 45 | Ally Financial Inc 6.646% 01/17/2040 | 02005NBY5 | 02005NBY5 | 0.60% | 2,900,000 |
| 46 | Energy Transfer LP 6.75% 02/15/2056 | 29273VBH2 | 29273VBH2 | 0.60% | 2,900,000 |
| 47 | United States Treasury Inflation Indexed Bonds 1.125% 01/15/2033 | 91282CGK1 | 91282CGK1 | 0.59% | 2,949,588 |
| 48 | United States Treasury Inflation Indexed Bonds 1.875% 07/15/2034 | 91282CLE9 | 91282CLE9 | 0.59% | 2,851,915 |
| 49 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust 6.5% 01/31/2056 | 00774MBQ7 | 00774MBQ7 | 0.58% | 2,700,000 |
| 50 | Canadian Imperial Bank of Commerce 6.95% 01/28/2085 | 13607PNF7 | 13607PNF7 | 0.58% | 2,700,000 |
| 51 | Fannie Mae Pool 4% 05/01/2052 | 31418EES5 | 31418EES5 | 0.58% | 2,956,060 |
| 52 | Fannie Mae Pool 5% 01/01/2055 | 31418FF36 | 31418FF36 | 0.58% | 2,810,524 |
| 53 | United States Treasury Note/Bond 3.75% 11/15/2043 | 912810RD2 | 912810RD2 | 0.57% | 3,172,000 |
| 54 | NextEra Energy Capital Holdings Inc 3.8% 03/15/2082 | 65339KCB4 | 65339KCB4 | 0.55% | 2,700,000 |
| 55 | ISRAEL CHEMICALS L 6.375% 05/31/2038 | BF3SP44 | BF3SP44 | 0.54% | 2,500,000 |
| 56 | Dominion Energy Inc 6% 02/15/2056 | 25746UDZ9 | 25746UDZ9 | 0.52% | 2,500,000 |
| 57 | LYB International Finance III LLC 4.2% 10/15/2049 | 50249AAA1 | 50249AAA1 | 0.52% | 3,500,000 |
| 58 | Athene Holding Ltd 6.625% 10/15/2054 | 04686JAJ0 | 04686JAJ0 | 0.51% | 2,450,000 |
| 59 | Athene Holding Ltd 6.875% 06/28/2055 | 04686JAM3 | 04686JAM3 | 0.50% | 2,400,000 |
| 60 | Centene Corp 3.375% 02/15/2030 | 15135BAV3 | 15135BAV3 | 0.48% | 2,500,000 |
| 61 | Bayer US Finance II LLC 4.4% 07/15/2044 | 07274NBF9 | 07274NBF9 | 0.47% | 2,800,000 |
| 62 | United States Treasury Note/Bond 3.875% 05/15/2043 | 912810TS7 | 912810TS7 | 0.47% | 2,530,000 |
| 63 | Evergy Inc 6.65% 06/01/2055 | 30034WAE6 | 30034WAE6 | 0.45% | 2,125,000 |
| 64 | PacifiCorp 7.375% 09/15/2055 | 695114DF2 | 695114DF2 | 0.45% | 2,145,000 |
| 65 | Fannie Mae Pool 4% 04/01/2052 | 3140MMBA5 | 3140MMBA5 | 0.44% | 2,214,375 |
| 66 | Dominion Energy Inc 6.875% 02/01/2055 | 25746UDT3 | 25746UDT3 | 0.43% | 2,000,000 |
| 67 | Dominion Energy Inc 6.625% 05/15/2055 | 25746UDV8 | 25746UDV8 | 0.43% | 2,000,000 |
| 68 | Energy Transfer LP 8% 05/15/2054 | 29273VAX8 | 29273VAX8 | 0.43% | 1,950,000 |
| 69 | APA Corp 6.75% 02/15/2055 | 03743QAT5 | 03743QAT5 | 0.42% | 2,050,000 |
| 70 | Entergy Corp 7.125% 12/01/2054 | 29364GAQ6 | 29364GAQ6 | 0.42% | 1,925,000 |
| 71 | Tennessee Valley Authority 5.375% 04/01/2056 | 880591DZ2 | 880591DZ2 | 0.41% | 1,965,000 |
| 72 | Ginnie Mae II Pool 4.5% 12/20/2055 | 3618N53W7 | 3618N53W7 | 0.40% | 2,000,000 |
| 73 | HA Sustainable Infrastructure Capital Inc 6.375% 07/01/2034 | 41068XAF7 | 41068XAF7 | 0.40% | 1,920,000 |
| 74 | Centene Corp 2.5% 03/01/2031 | 15135BAX9 | 15135BAX9 | 0.39% | 2,200,000 |
| 75 | General Motors Co 6.75% 04/01/2046 | 37045VAL4 | 37045VAL4 | 0.39% | 1,750,000 |
| 76 | Tennessee Valley Authority 5.25% 02/01/2055 | 880591FC1 | 880591FC1 | 0.39% | 1,885,000 |
| 77 | Tennessee Valley Authority 3.5% 12/15/2042 | 880591EP3 | 880591EP3 | 0.38% | 2,185,000 |
| 78 | APA Corp 5.1% 09/01/2040 | 03743QBB3 | 03743QBB3 | 0.37% | 2,000,000 |
| 79 | Ares Strategic Income Fund 5.6% 02/15/2030 | 04020EAD9 | 04020EAD9 | 0.37% | 1,800,000 |
| 80 | Blue Owl Credit Income Corp 6.6% 09/15/2029 | 09581CAB7 | 09581CAB7 | 0.37% | 1,750,000 |
| 81 | Enterprise Products Operating LLC 5.375% 02/15/2078 | 29379VBR3 | 29379VBR3 | 0.36% | 1,730,000 |
| 82 | Exelon Corp 6.5% 03/15/2055 | 30161NBQ3 | 30161NBQ3 | 0.36% | 1,675,000 |
| 83 | Blue Owl Credit Income Corp 6.65% 03/15/2031 | 69120VAZ4 | 69120VAZ4 | 0.36% | 1,700,000 |
| 84 | Bank of East Asia Ltd/The 4.875% 04/22/2032 | BMZN9F5 | BMZN9F5 | 0.36% | 1,750,000 |
| 85 | Ally Financial Inc 5.548% 07/31/2033 | 02005NCA6 | 02005NCA6 | 0.35% | 1,700,000 |
| 86 | Devon Energy Corp 5.6% 07/15/2041 | 25179MAL7 | 25179MAL7 | 0.35% | 1,750,000 |
| 87 | Equitable Holdings Inc 6.7% 03/28/2055 | 29452EAD3 | 29452EAD3 | 0.35% | 1,600,000 |
| 88 | First Citizens BancShares Inc/NC 6.254% 03/12/2040 | 31959XAF0 | 31959XAF0 | 0.35% | 1,655,000 |
| 89 | Aegon Ltd 5.5% 04/11/2048 | 007924AJ2 | 007924AJ2 | 0.34% | 1,625,000 |
| 90 | Apollo Global Management Inc 6% 12/15/2054 | 03769MAD8 | 03769MAD8 | 0.34% | 1,650,000 |
| 91 | General Motors Co 5.95% 04/01/2049 | 37045VAT7 | 37045VAT7 | 0.34% | 1,700,000 |
| 92 | Ally Financial Inc 6.7% 02/14/2033 | 02005NBS8 | 02005NBS8 | 0.33% | 1,550,000 |
| 93 | Ares Strategic Income Fund 5.45% 09/09/2028 | 04020EAL1 | 04020EAL1 | 0.33% | 1,600,000 |
| 94 | Ginnie Mae 7% 09/20/2053 | 21H070613 | 21H070613 | 0.33% | 1,530,000 |
| 95 | Bank of East Asia Ltd/The 6.75% 06/27/2034 | BS853R0 | BS853R0 | 0.33% | 1,500,000 |
| 96 | Blue Owl Technology Finance Corp 6.1% 03/15/2028 | 095924AA4 | 095924AA4 | 0.32% | 1,550,000 |
| 97 | LYB International Finance III LLC 3.625% 04/01/2051 | 50249AAJ2 | 50249AAJ2 | 0.32% | 2,400,000 |
| 98 | Blue Owl Technology Finance Corp 6.75% 04/04/2029 | 69121JAB3 | 69121JAB3 | 0.32% | 1,500,000 |
| 99 | Zions Bancorp NA 6.816% 11/19/2035 | 98971DAC4 | 98971DAC4 | 0.31% | 1,400,000 |
| 100 | Freddie Mac Pool 5.5% 01/01/2055 | 31427QHA3 | 31427QHA3 | 0.30% | 1,407,565 |
| 101 | HPS Corporate Lending Fund 5.85% 06/05/2030 | 40440VAN5 | 40440VAN5 | 0.30% | 1,450,000 |
| 102 | LYB International Finance III LLC 3.375% 10/01/2040 | 50249AAH6 | 50249AAH6 | 0.30% | 2,000,000 |
| 103 | Plains All American Pipeline LP / PAA Finance Corp 4.7% 06/15/2044 | 72650RBE1 | 72650RBE1 | 0.30% | 1,700,000 |
| 104 | Reinsurance Group of America Inc 6.65% 09/15/2055 | 759351AT6 | 759351AT6 | 0.30% | 1,380,000 |
| 105 | Allstate Corp/The 6.5% 05/15/2057 | 020002AU5 | 020002AU5 | 0.29% | 1,350,000 |
| 106 | American Electric Power Co Inc 3.875% 02/15/2062 | 025537AU5 | 025537AU5 | 0.29% | 1,430,000 |
| 107 | Tennessee Valley Authority 4.625% 09/15/2060 | 880591EJ7 | 880591EJ7 | 0.29% | 1,595,000 |
| 108 | American Assets Trust LP 6.15% 10/01/2034 | 02401LAB0 | 02401LAB0 | 0.28% | 1,340,000 |
| 109 | Brighthouse Financial Inc 4.7% 06/22/2047 | 10922NAF0 | 10922NAF0 | 0.28% | 1,840,000 |
| 110 | Energy Transfer LP 6.25% 04/15/2049 | 29279FAA7 | 29279FAA7 | 0.28% | 1,380,000 |
| 111 | F&G Annuities & Life Inc 6.5% 06/04/2029 | 30190AAF1 | 30190AAF1 | 0.28% | 1,290,000 |
| 112 | Nanshan Life Pte Ltd 5.45% 09/11/2034 | BP4YGY8 | BP4YGY8 | 0.28% | 1,340,000 |
| 113 | Centene Corp 4.625% 12/15/2029 | 15135BAT8 | 15135BAT8 | 0.27% | 1,350,000 |
| 114 | MetLife Inc 10.75% 08/01/2039 | 59156RAV0 | 59156RAV0 | 0.27% | 1,000,000 |
| 115 | HA Sustainable Infrastructure Capital Inc 6.15% 01/15/2031 | 40408AAA9 | 40408AAA9 | 0.26% | 1,200,000 |
| 116 | Warnermedia Holdings Inc 5.391% 03/15/2062 | 55903VBF9 | 55903VBF9 | 0.26% | 2,000,000 |
| 117 | NiSource Inc 6.375% 03/31/2055 | 65473PAT2 | 65473PAT2 | 0.26% | 1,200,000 |
| 118 | Southern California Edison Co 4.65% 10/01/2043 | 842400FZ1 | 842400FZ1 | 0.26% | 1,500,000 |
| 119 | Energy Transfer LP 5.35% 05/15/2045 | 86765BAQ2 | 86765BAQ2 | 0.26% | 1,400,000 |
| 120 | Ovintiv Inc 7.375% 11/01/2031 | 012873AK1 | 012873AK1 | 0.25% | 1,100,000 |
| 121 | Occidental Petroleum Corp 6.2% 03/15/2040 | 674599DJ1 | 674599DJ1 | 0.25% | 1,200,000 |
| 122 | Royal Bank of Canada 6.35% 11/24/2084 | 780082AT0 | 780082AT0 | 0.25% | 1,250,000 |
| 123 | Apollo Debt Solutions BDC 6.55% 03/15/2032 | 03770DAF0 | 03770DAF0 | 0.24% | 1,120,000 |
| 124 | GNMAII JUMBO TBA 30YR TBA 5% JAN 5% 01/15/2041 | 21H050615 | 21H050615 | 0.24% | 1,170,000 |
| 125 | Federal National Mortgage Association 5.625% 07/15/2037 | 31398AFD9 | 31398AFD9 | 0.24% | 1,045,000 |
| 126 | Blue Owl Capital Corp 6.2% 07/15/2030 | 69121KAJ3 | 69121KAJ3 | 0.24% | 1,150,000 |
| 127 | American Electric Power Co Inc 6.95% 12/15/2054 | 025537BA8 | 025537BA8 | 0.23% | 1,050,000 |
| 128 | BGC Group Inc 6.15% 04/02/2030 | 05555LAD3 | 05555LAD3 | 0.23% | 1,085,000 |
| 129 | FedEx Corp 5.1% 01/15/2044 | 31428XDP8 | 31428XDP8 | 0.23% | 1,205,000 |
| 130 | Helmerich & Payne Inc 5.5% 12/01/2034 | 423452AN1 | 423452AN1 | 0.23% | 1,150,000 |
| 131 | LYB International Finance III LLC 3.8% 10/01/2060 | 50249AAK9 | 50249AAK9 | 0.23% | 1,800,000 |
| 132 | Canadian Imperial Bank of Commerce 7% 10/28/2085 | 13607P7Y4 | 13607P7Y4 | 0.22% | 1,000,000 |
| 133 | Centene Corp 4.25% 12/15/2027 | 15135BAR2 | 15135BAR2 | 0.22% | 1,070,000 |
| 134 | Dominion Energy Inc 6.2% 02/15/2056 | 25746UEA3 | 25746UEA3 | 0.22% | 1,050,000 |
| 135 | MPLX LP 4.7% 04/15/2048 | 55336VAN0 | 55336VAN0 | 0.22% | 1,275,000 |
| 136 | Occidental Petroleum Corp 6.6% 03/15/2046 | 674599DL6 | 674599DL6 | 0.22% | 1,035,000 |
| 137 | Telefonica Emisiones SA 5.213% 03/08/2047 | 87938WAU7 | 87938WAU7 | 0.22% | 1,200,000 |
| 138 | Ares Strategic Income Fund 6.2% 03/21/2032 | 04020EAJ6 | 04020EAJ6 | 0.21% | 1,000,000 |
| 139 | Devon Energy Corp 5% 06/15/2045 | 25179MAU7 | 25179MAU7 | 0.21% | 1,140,000 |
| 140 | General Motors Co 6.25% 10/02/2043 | 37045VAF7 | 37045VAF7 | 0.21% | 980,000 |
| 141 | LYB International Finance III LLC 6.15% 05/15/2035 | 50249AAP8 | 50249AAP8 | 0.21% | 1,000,000 |
| 142 | United States Treasury Inflation Indexed Bonds 0.625% 02/15/2043 | 912810RA8 | 912810RA8 | 0.21% | 1,372,928 |
| 143 | Apollo Debt Solutions BDC 6.7% 07/29/2031 | 03770DAD5 | 03770DAD5 | 0.20% | 900,000 |
| 144 | GLP Capital LP / GLP Financing II Inc 5.75% 11/01/2037 | 361841AW9 | 361841AW9 | 0.20% | 975,000 |
| 145 | HPS Corporate Lending Fund 5.45% 01/14/2028 | 40440VAH8 | 40440VAH8 | 0.20% | 950,000 |
| 146 | Federal Home Loan Banks 5.5% 07/15/2036 | 3133XGAY0 | 3133XGAY0 | 0.19% | 845,000 |
| 147 | Occidental Petroleum Corp 6.05% 10/01/2054 | 674599EM3 | 674599EM3 | 0.19% | 940,000 |
| 148 | Tennessee Valley Authority 6.15% 01/15/2038 | 880591CP5 | 880591CP5 | 0.19% | 785,000 |
| 149 | Tennessee Valley Authority 5.88% 04/01/2036 | 880591CS9 | 880591CS9 | 0.19% | 820,000 |
| 150 | Ares Capital Corp 3.2% 11/15/2031 | 04010LBC6 | 04010LBC6 | 0.18% | 1,000,000 |
| 151 | Blackstone Private Credit Fund 6% 11/22/2034 | 09261HBW6 | 09261HBW6 | 0.18% | 840,000 |
| 152 | Capital One Financial Corp 6.183% 01/30/2036 | 14040HDJ1 | 14040HDJ1 | 0.18% | 825,000 |
| 153 | Devon Energy Corp 5.75% 09/15/2054 | 25179MBH5 | 25179MBH5 | 0.18% | 950,000 |
| 154 | Duke Energy Corp 6.45% 09/01/2054 | 26441CCG8 | 26441CCG8 | 0.18% | 835,000 |
| 155 | American Assets Trust LP 3.375% 02/01/2031 | 02401LAA2 | 02401LAA2 | 0.17% | 925,000 |
| 156 | Apollo Debt Solutions BDC 6.9% 04/13/2029 | 03770DAB9 | 03770DAB9 | 0.17% | 800,000 |
| 157 | Bayer US Finance II LLC 4.7% 07/15/2064 | 07274NBH5 | 07274NBH5 | 0.17% | 1,115,000 |
| 158 | Edison International 5.25% 03/15/2032 | 281020BB2 | 281020BB2 | 0.17% | 800,000 |
| 159 | Federal Home Loan Banks 4.75% 04/09/2027 | 3130B0TY5 | 3130B0TY5 | 0.17% | 825,000 |
| 160 | HF Sinclair Corp 6.25% 01/15/2035 | 403949AS9 | 403949AS9 | 0.17% | 800,000 |
| 161 | Tennessee Valley Authority 5.25% 09/15/2039 | 880591EH1 | 880591EH1 | 0.17% | 800,000 |
| 162 | Federal Home Loan Mortgage Corp 6.75% 09/15/2029 | 3134A3U46 | 3134A3U46 | 0.16% | 700,000 |
| 163 | Occidental Petroleum Corp 6.45% 09/15/2036 | 674599DF9 | 674599DF9 | 0.16% | 740,000 |
| 164 | Synchrony Financial 6% 07/29/2036 | 87165BAY9 | 87165BAY9 | 0.16% | 750,000 |
| 165 | Choice Hotels International Inc 5.85% 08/01/2034 | 169905AH9 | 169905AH9 | 0.15% | 700,000 |
| 166 | Hasbro Inc 6.35% 03/15/2040 | 418056AS6 | 418056AS6 | 0.15% | 700,000 |
| 167 | Israel Government International Bond 5.75% 03/12/2054 | 46514BRM1 | 46514BRM1 | 0.15% | 750,000 |
| 168 | Western Union Co/The 6.2% 11/17/2036 | 959802AH2 | 959802AH2 | 0.15% | 675,000 |
| 169 | Conagra Brands Inc 5.4% 11/01/2048 | 205887CE0 | 205887CE0 | 0.14% | 780,000 |
| 170 | Deutsche Bank AG/New York NY 7.079% 02/10/2034 | 251526CT4 | 251526CT4 | 0.14% | 600,000 |
| 171 | Edison International 6.95% 11/15/2029 | 281020AW7 | 281020AW7 | 0.14% | 650,000 |
| 172 | General Motors Co 6.25% 04/15/2035 | 37045VBB5 | 37045VBB5 | 0.14% | 650,000 |
| 173 | FWD Group Holdings Ltd 7.635% 07/02/2031 | BRXB1N8 | BRXB1N8 | 0.13% | 550,000 |
| 174 | Plains All American Pipeline LP / PAA Finance Corp 6.65% 01/15/2037 | 72650RAR3 | 72650RAR3 | 0.12% | 525,000 |
| 175 | Southern California Edison Co 5.9% 03/01/2055 | 842400JH7 | 842400JH7 | 0.12% | 600,000 |
| 176 | Ovintiv Inc 6.5% 08/15/2034 | 292505AD6 | 292505AD6 | 0.11% | 500,000 |
| 177 | Flowers Foods Inc 5.75% 03/15/2035 | 343498AD3 | 343498AD3 | 0.11% | 530,000 |
| 178 | Humana Inc 6% 05/01/2055 | 444859CC4 | 444859CC4 | 0.11% | 550,000 |
| 179 | Huntington Bancshares Inc/OH 2.487% 08/15/2036 | 446150AX2 | 446150AX2 | 0.11% | 640,000 |
| 180 | Leggett & Platt Inc 3.5% 11/15/2051 | 524660BA4 | 524660BA4 | 0.11% | 840,000 |
| 181 | Federal Home Loan Banks 4.125% 01/15/2027 | 3130AYPN0 | 3130AYPN0 | 0.10% | 460,000 |
| 182 | United States Treasury Inflation Indexed Bonds 1.375% 07/15/2033 | 91282CHP9 | 91282CHP9 | 0.10% | 482,162 |
| 183 | Tennessee Valley Authority 4.375% 08/01/2034 | 880591FB3 | 880591FB3 | 0.07% | 350,000 |
| 184 | Fannie Mae or Freddie Mac 5% 01/15/2041 | 01F050619 | 01F050619 | 0.06% | 300,000 |
| 185 | GNMAII JUMBO TBA 30YR TBA 4.50% JAN 4.5% 01/15/2042 | 21H042612 | 21H042612 | 0.06% | 300,000 |
| 186 | HPS Corporate Lending Fund 6.75% 01/30/2029 | 40440VAF2 | 40440VAF2 | 0.04% | 175,000 |
| 187 | Cash & Other | Cash&Other | Cash&Other | -7.67% | -37,076,985 |
As of DATE
As of DATE
As of DATE
As of DATE
| index | Ex-Dividend Date | Income | ST Cap Gains | MD Cap Gains | LT Cap Gains |
|---|---|---|---|---|---|
| 0 | 12/17/2025 | 0.194362550 | |||
| 1 | 11/18/2025 | 0.149165080 | |||
| 2 | 10/21/2025 | 0.174256650 | |||
| 3 | 09/17/2025 | 0.145287760 | |||
| 4 | 08/19/2025 | 0.155383770 | |||
| 5 | 07/17/2025 | 0.157062130 | |||
| 6 | 06/17/2025 | 0.139530470 | |||
| 7 | 05/20/2025 | 0.152420530 | |||
| 8 | 04/16/2025 | 0.146908610 | |||
| 9 | 03/18/2025 | 0.141642900 | |||
| 10 | 02/19/2025 | 0.136533770 | |||
| 11 | 01/22/2025 | 0.170216290 | |||
| 12 | 12/17/2024 | 0.169210780 | |||
| 13 | 11/13/2024 | 0.139131830 | |||
| 14 | 10/16/2024 | 0.170109370 | |||
| 15 | 09/17/2024 | 0.147058890 | |||
| 16 | 08/13/2024 | 0.141934560 | |||
| 17 | 07/16/2024 | 0.186733320 | |||
| 18 | 06/11/2024 | 0.147658620 | |||
| 19 | 05/14/2024 | 0.157673610 | |||
| 20 | 04/16/2024 | 0.198364140 | |||
| 21 | 03/12/2024 | 0.142821700 | |||
| 22 | 02/13/2024 | 0.100667150 | |||
| 23 | 01/23/2024 | 0.191768410 | |||
| 24 | 12/15/2023 | 0.163254950 | |||
| 25 | 11/14/2023 | 0.137831580 | |||
| 26 | 10/17/2023 | 0.168960020 | |||
| 27 | 09/12/2023 | 0.132028910 | |||
| 28 | 08/15/2023 | 0.160804860 | |||
| 29 | 07/11/2023 | 0.135454150 | |||
| 30 | 06/13/2023 | 0.134973750 | |||
| 31 | 05/16/2023 | 0.168048630 | |||
| 32 | 04/11/2023 | 0.138690410 | |||
| 33 | 03/14/2023 | 0.12154618 | |||
| 34 | 02/14/2023 | 0.10108161 | |||
| 35 | 01/18/2023 | 0.15710844 | |||
| 36 | 12/16/2022 | 0.10314762 | |||
| 37 | 11/15/2022 | 0.18756941 | |||
| 38 | 10/12/2022 | 0.10667829 | |||
| 39 | 09/13/2022 | 0.03998451 | |||
| 40 | 08/16/2022 | 0.09966834 | |||
| 41 | 07/12/2022 | 0.06853306 | |||
| 42 | 06/14/2022 | 0.20238897 | |||
| 43 | 03/15/2022 | 0.2788345 | |||
| 44 | 12/17/2021 | 0.37457672 | 0.09768 | ||
| 45 | 09/14/2021 | 0.02676454 | |||
| 46 | 06/15/2021 | 0.21574322 | |||
| 47 | 03/16/2021 | 0.07867018 | |||
| 48 | 12/18/2020 | 0.47353146 | |||
| 49 | 09/15/2020 | 0.03199201 | |||
| 50 | 06/16/2020 | 0.31406567 | |||
| 51 | 03/17/2020 | 0.2072249 | |||
| 52 | 12/19/2019 | 0.7474877 | |||
| 53 | 09/17/2019 | 0.06239891 | |||
| 54 | 06/18/2019 | 0.46800988 | |||
| 55 | 03/19/2019 | 0.29900615 | |||
| 56 | 12/19/2018 | 0.73545168 | |||
| 57 | 09/18/2018 | 0.0534909 | |||
| 58 | 06/19/2018 | 0.31714517 | |||
| 59 | 03/20/2018 | 0.23155431 | |||
| 60 | 12/21/2017 | 0.51745724 | |||
| 61 | 09/19/2017 | 0.04737982 | |||
| 62 | 06/13/2017 | 0.27193764 | |||
| 63 | 03/14/2017 | 0.14615358 | |||
| 64 | 12/23/2016 | 0.49058246 | 0.17274 | 0.48215 | |
| 65 | 09/13/2016 | 0.02092465 | |||
| 66 | 06/14/2016 | 0.2293875 | |||
| 67 | 03/15/2016 | 0.12138448 | |||
| 68 | 12/29/2015 | 0.35637098 | |||
| 69 | 09/22/2015 | 0.0372144 | |||
| 70 | 06/16/2015 | 0.23189969 | |||
| 71 | 03/17/2015 | 0.10487719 | |||
| 72 | 12/16/2014 | 0.05402238 |
