GATES FOUNDATION TRUST: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: GATES FOUNDATION TRUST (EIN 91-1663695)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-11-11
IRS object ID: 202133159349100408
Schema version: 2020v4.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
Expenditure Responsibility Stmt
General Explanation Attachment
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Investments Other Schedule2
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Liabilities Schedule
Other Professional Fees Schedule
Taxes Schedule
Transfers Frm Controlled Entities
Transfers To Controlled Entities

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-11-11T04:34:55-06:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	861065772	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DELOITTE TAX LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	50 SOUTH SIXTH STREET	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55402	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	911663695	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BILL & MELINDA GATES FOUNDATION TRUST	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BILL	BusinessNameControlTxt
Phone	2067093100	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 23350	AddressLine1Txt
City	SEATTLE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98102	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CAROLYN AINSLIE	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	2067093100	PhoneNum
Signature	2021-11-04	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	CAROLYN	PersonFirstNm
Person Last	AINSLIE	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ANNE FULTON	PreparerPersonNm
PTIN	P00941863	PTIN
Phone	6123974000	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$50,996,163,488	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$2,369,850,953	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$1,975,687	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$1,975,687	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$689,812,897	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$674,901,985	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	-$235,600,558	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$167,885,823,482	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$3,423,548,793	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$12,529,816	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	-$504,535,340	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$2,838,568,795	TotalRevAndExpnssAmt
Total Net Invst Incm	$3,595,891,125	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$0	CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$569,055	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$569,055	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$0	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$74,195,440	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$74,195,440	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$0	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$130,643,618	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$22,691,951	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$55,369,366	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$0	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$132	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$260,777,479	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$97,456,446	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$132	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$6,755,162,810	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$5,849,455,600	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$7,015,940,289	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$97,456,446	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$5,849,455,732	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$4,177,371,494	ExcessRevenueOverExpensesAmt
Net Investment Income	$3,498,434,679	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$107,125	CashBOYAmt
Cash EOY	$269,546	CashEOYAmt
Cash EOYFMV	$269,546	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$725,835,340	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$888,519,489	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$888,519,489	SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl	$77,005,106	AcctRcvblAmt
Acct Rcvbl BOY	$113,973,936	AcctRcvblBOYAmt
Acct Rcvbl EOY	$77,005,106	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$77,005,106	AcctRcvblEOYFMVAmt
US Government Obligations BOY	$8,963,971,321	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$6,202,772,221	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$6,202,772,221	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$33,495,540,363	CorporateStockBOYAmt
Corporate Stock EOY	$36,492,775,344	CorporateStockEOYAmt
Corporate Stock EOYFMV	$36,492,775,344	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$804,364,191	CorporateBondsBOYAmt
Corporate Bonds EOY	$1,164,468,079	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$1,164,468,079	CorporateBondsEOYFMVAmt
Other Investments BOY	$5,828,277,223	OtherInvestmentsBOYAmt
Other Investments EOY	$6,126,287,149	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$6,126,287,149	OtherInvestmentsEOYFMVAmt
Other Assets BOY	$9,533,262	OtherAssetsBOYAmt
Other Assets EOY	$44,066,554	OtherAssetsEOYAmt
Other Assets EOYFMV	$44,066,554	OtherAssetsEOYFMVAmt
Total Assets BOY	$49,941,602,761	TotalAssetsBOYAmt
Total Assets EOY	$50,996,163,488	TotalAssetsEOYAmt
Total Assets EOYFMV	$50,996,163,488	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$4,133,372	AccountsPayableBOYAmt
Accounts Payable EOY	$4,255,403	AccountsPayableEOYAmt
Other Liabilities BOY	$171,597,382	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$1,048,034,946	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$175,730,754	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,052,290,349	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$49,765,872,007	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$49,943,873,139	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$49,765,872,007	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$49,943,873,139	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$49,941,602,761	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$50,996,163,488	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$49,765,872,007	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$4,177,371,494	ExcessRevenueOverExpensesAmt
Other Increases	$4,355,372,626	OtherIncreasesAmt
Subtotal	$49,943,873,139	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$49,943,873,139	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (19 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
EQUITIES	P	2019-01-01	2020-12-31	$4,799,104,544	$4,065,556,986	$733,547,558	$733,547,558
EQUITIES	D	2019-01-01	2020-12-31	$4,123,291,898	$3,552,109	$4,119,739,789	$4,119,739,789
FIXED INCOME	P	2019-01-01	2020-12-31	$80,346,454,008	$80,085,526,814	$260,927,194	$260,927,194
CASH EQUIVALENTS	P	2019-01-01	2020-12-31	$78,527,082,119	$78,527,082,119	$0	$0
SWAPS	P	2019-01-01	2020-12-31	$13,613,198		$13,613,198	$13,613,198
OPTIONS	P	2019-01-01	2020-12-31	$3,673,626		$3,673,626	$3,673,626
IRC SEC. 1256 GAIN ON FUTURES	P	2019-01-01	2020-12-31		$1,756,914,285	-$1,756,914,285	-$1,756,914,285
IRC SEC. 1256 GAIN ON NON-EQUITY OPTIONS	P	2019-01-01	2020-12-31	$508,844		$508,844	$508,844
NET IRC. SECTION 1256 GAIN ON IDENTIFIED MIXED STRADDLES	P	2019-01-01	2020-12-31		$1,963,778	-$1,963,778	-$1,963,778
NET SHORT-TERM LOSS ON IDENTIFIED MIXED STRADDLES	P	2019-01-01	2020-12-31	$5,070,789		$5,070,789	$5,070,789
LP DISTRIBUTIONS IN EXCESS OF BASIS	P	2019-01-01	2020-12-31	$587,366		$587,366	$587,366
SHORT-TERM CAPITAL GAIN DISTRIBUTION	P	2019-01-01	2020-12-31	$14,198		$14,198	$14,198
CLASS ACTION INCOME	P	2019-01-01	2020-12-31	$4,697,131		$4,697,131	$4,697,131
WASH SALES DEFERRAL ADJUSTMENT	P	2019-01-01	2020-12-31	$3,081,780		$3,081,780	$3,081,780
EQUITY PARTNERSHIP INVESTMENTS	P	2019-01-01	2020-12-31	$58,643,981		$58,643,981	$58,643,981
CAPITAL GAIN/(LOSS) FROM EQUITY PARTNERSHIP DISPOSITION	P	2019-01-01	2020-12-31		$11,277,800	-$11,277,800	-$11,277,800
ADJ FOR SECTION 1202 ELIGIBLE GAIN EXCLUSION FROM SALE OF TOWER SQ PART III	D	2008-08-29	2020-12-31		$3,608	-$3,608	-$3,608
ADJ FOR SECTION 1202 ELIGIBLE GAIN EXCLUSION FROM SALE OF BEYOND MEAT	D	2012-01-10	2020-12-31		$8,561,741	-$8,561,741	-$8,561,741
ADJ FOR SECTION 1202 ELIGIBLE GAIN EXCLUSION FROM SALE OF GUARDANT HEALTH	D	2014-04-11	2020-12-31		$1,835,449	-$1,835,449	-$1,835,449

Field	Value	IRS element (for citing)
Capital Gain Net Income	$3,423,548,793	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$48,628,242	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$48,628,242	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$48,628,242	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$91,535,232	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$0	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$91,535,232	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$42,906,990	OverpaymentAmt
Applied To ES Tax	$42,906,990	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	WA	OrgReportOrRegisterStateCd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	Yes (1)	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	WWW.GATESFOUNDATION.ORG	WebsiteAddressTxt
Individual With Books	JENNIFER DEGER	IndividualWithBooksNm
Phone	2067093100	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	500 FIFTH AVENUE NORTH	AddressLine1Txt
City	SEATTLE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98109	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	Yes (1)	ForeignAccountsQuestionInd
Foreign Country	AR	ForeignCountryCd
Foreign Country	BR	ForeignCountryCd
Foreign Country	CI	ForeignCountryCd
Foreign Country	CH	ForeignCountryCd
Foreign Country	CO	ForeignCountryCd
Foreign Country	EZ	ForeignCountryCd
Foreign Country	DA	ForeignCountryCd
Foreign Country	EG	ForeignCountryCd
Foreign Country	GH	ForeignCountryCd
Foreign Country	GR	ForeignCountryCd
Foreign Country	HK	ForeignCountryCd
Foreign Country	HU	ForeignCountryCd
Foreign Country	IN	ForeignCountryCd
Foreign Country	ID	ForeignCountryCd
Foreign Country	IS	ForeignCountryCd
Foreign Country	JA	ForeignCountryCd
Foreign Country	KS	ForeignCountryCd
Foreign Country	MY	ForeignCountryCd
Foreign Country	RP	ForeignCountryCd
Foreign Country	PL	ForeignCountryCd
Foreign Country	QA	ForeignCountryCd
Foreign Country	TW	ForeignCountryCd
Foreign Country	TH	ForeignCountryCd
Foreign Country	TU	ForeignCountryCd
Foreign Country	UK	ForeignCountryCd
Foreign Country	UY	ForeignCountryCd
Foreign Country	VM	ForeignCountryCd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	Yes (1)	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	0	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	Yes (1)	BusinessHoldingsInd
Excess Business Holdings	0	ExcessBusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc	0	TransactionsFailToQlfyAsExcInd
Maintained Expenditure Rspns	Yes (1)	MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
WILLIAM H GATES III
500 FIFTH AVENUE NORTH	SEATTLE	WA	98109	TRUSTEE AND CEO	5.00	$0	$0	$0
MELINDA FRENCH GATES
500 FIFTH AVENUE NORTH	SEATTLE	WA	98109	TRUSTEE	1.00	$0	$0	$0
CAROLYN AINSLIE
500 FIFTH AVENUE NORTH	SEATTLE	WA	98109	CHIEF FINANCIAL OFFICER	4.00	$0	$0	$0
KEITH TRAVERSE
500 FIFTH AVENUE NORTH	SEATTLE	WA	98109	SECRETARY	1.00	$0	$0	$0
MICHAEL LARSON END 12312020
500 FIFTH AVENUE NORTH	SEATTLE	WA	98109	LLC MANAGER	1.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	Foreign PostalForeignAddress/ForeignPostalCd	Service TypeServiceTypeTxt	CompensationCompensationAmt	Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd
MARATHON ASSET MANAGEMENT LLP
ORION HOUSE 5 UPPER ST MARTINS LANE	LONDON	UK	WC2H 9EA	INVESTMENT MANAGEMENT	$10,633,278
MORANT WRIGHT MANAGEMENT LIMITED
43 ST JAMESS PLACE	LONDON	UK	SW1A 1NS	INVESTMENT MANAGEMENT	$9,448,294
GREEN COURT CAPITAL MANAGEMENT LIMITED
STES 4007-4008 8 CONNAUGHT PLACE	HONG KONG	UK	12345	INVESTMENT MANAGEMENT	$8,752,256
STATE STREET CORPORATION
				INVESTMENT CUSTODIAN SERVICES	$7,758,554	ONE LINCOLN STREET	BOSTON	MA	02111
WESTWOOD GLOBAL
				INVESTMENT MANAGEMENT	$6,979,403	ONE FINANCIAL CENTER SUITE 1620	BOSTON	MA	02111

Field	Value	IRS element (for citing)
Contractor Paid Over50k	18	ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$45,574,204,175	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$670,928,781	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$1,316,077,887	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$47,561,210,843	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$47,561,210,843	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$713,418,163	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$46,847,792,680	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$2,342,389,634	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$2,342,389,634	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$48,628,242	TaxBasedOnInvestmentIncomeAmt
Total Tax	$48,628,242	TotalTaxAmt
Distributable Before Adj	$2,293,761,392	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$2,293,761,392	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$2,293,761,392	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$5,849,455,732	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$5,849,455,732	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$0	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$5,849,455,732	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$2,293,761,392	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr5	$315,376,676	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$277,241,938	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$359,108,763	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$446,574,743	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$2,926,408,650	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$4,324,710,770	TotalExcessDistributionCyovAmt
Qualifying Distributions	$5,849,455,732	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$2,293,761,392	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$3,555,694,340	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$7,880,405,110	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$315,376,676	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$7,565,028,434	ExcessDistriCyovToNextYrAmt
Excess From Year4	$277,241,938	ExcessFromYear4Amt
Excess From Year3	$359,108,763	ExcessFromYear3Amt
Excess From Year2	$446,574,743	ExcessFromYear2Amt
Excess From Year1	$2,926,408,650	ExcessFromYear1Amt
Excess From Current Year	$3,555,694,340	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	WILLIAM H GATES III	ContributingManagerNm
Contributing Manager	MELINDA FRENCH GATES	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
BILL & MELINDA GATES FOUNDATION
500 FIFTH AVENUE NORTH	SEATTLE	WA	98109	NOT APPLICABLE	PF: 509(A)	TO FUND THE CHARITABLE PURPOSES OF THE FOUNDATION	$6,755,162,810
BILL & MELINDA GATES FOUNDATION
500 FIFTH AVENUE NORTH	SEATTLE	WA	98109	NOT APPLICABLE	PF: 509(A)	PORTION OF GRANTS PAID TREATED AS A DISTRIBUTION OF CORPUS UNDER TREAS. REG. 53.4942(A)-3	-$905,707,210

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$5,849,455,600	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,975,687	ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$689,812,897	ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	01	ExclusionCd
Exclusion	$12,529,816	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	-$235,600,558	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$468,717,842	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$468,717,842	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp (5 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd	Noncash ContributionNoncashContributionInd
WILLIAM H GATES III - INVST MGMT FEES
1	2365 CARILLON POINT	KIRKLAND	WA	98033	$65,120,720	Yes (X)
WILLIAM H GATES III - SECURITIES
2	2365 CARILLON POINT	KIRKLAND	WA	98033	$26,232,130	Yes (X)	Yes (X)
WILLIAM H GATES III
3	2365 CARILLON POINT	KIRKLAND	WA	98033	$54,000,000	Yes (X)
WILLIAM H GATES III AND MELINDA FRENCH GATES
4	2365 CARILLON POINT	KIRKLAND	WA	98033	$11,123,225	Yes (X)
WARREN E BUFFETT - SECURITIES
5	1440 KIEWIT PLAZA	OMAHA	NE	68131	$2,213,373,765	Yes (X)	Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNum	Noncash PropertyNoncashPropertyDesc	Fair Market ValueFairMarketValueAmt	ReceivedReceivedDt
2	MARKETABLE SECURITIES	$26,232,130	2020-12-31
5	12,191,874 CLASS B SHARES OF BERKSHIRE HATHAWAY INC.	$2,213,373,765	2021-07-07

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	TAX AND ACCOUNTING SERVICES	CategoryTxt
Amt	$569,055	Amt
Net Investment Income	$569,055	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp (4 entries)

Address Line1ForeignAddress/AddressLine1Txt	Address Line2ForeignAddress/AddressLine2Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	Foreign PostalForeignAddress/ForeignPostalCd	GrantGrantDt	GrantGrantAmt	Purpose Of GrantPurposeOfGrantTxt	Expended By GranteeExpendedByGranteeAmt	Any Diversion By GranteeAnyDiversionByGranteeTxt	Dates Of Reports By GranteeDatesOfReportsByGranteeTxt	Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd
TCI FOUNDATION
TCI HOUSE 69 INSTITUTIONAL AREA	SECTOR 32	GURGAON HR	IN	122001	2003-12-23	$12,267,588	HIV	$12,267,588	NO	08/09, 07/10, 10/11, 12/12, 9/13, 9/14, 7/15, 5/16, 07/17, 06/18, 5/19
BILL & MELINDA GATES FOUNDATION
					2018-01-01	$5,583,225,000	TO PROVIDE FUNDS FOR GRANTMAKING, PROGRAM RELATED INVESTMENTS, DIRECT CHARITABLE EXPENDITURES, CAPITAL EXPENDITURES, ADMINISTRATIVE EXPENSES AND ANY OTHER PURPOSE PERMITTED UNDER THE DECLARATION OF TRUST.	$5,583,225,000	NO	11/10/19, 11/10/20	500 FIFTH AVENUE NORTH	SEATTLE	WA	98109
BILL & MELINDA GATES FOUNDATION
					2019-01-01	$5,851,675,000	TO PROVIDE FUNDS FOR GRANTMAKING, PROGRAM RELATED INVESTMENTS, DIRECT CHARITABLE EXPENDITURES, CAPITAL EXPENDITURES, ADMINISTRATIVE EXPENSES AND ANY OTHER PURPOSE PERMITTED UNDER THE DECLARATION OF TRUST.	$5,851,675,000	NO	11/10/20, 11/10/21	500 FIFTH AVENUE NORTH	SEATTLE	WA	98109
BILL & MELINDA GATES FOUNDATION
					2020-01-01	$6,755,162,810	TO PROVIDE FUNDS FOR GRANTMAKING, PROGRAM RELATED INVESTMENTS, DIRECT CHARITABLE EXPENDITURES, CAPITAL EXPENDITURES, ADMINISTRATIVE EXPENSES AND ANY OTHER PURPOSE PERMITTED UNDER THE DECLARATION OF TRUST.	$6,755,162,810	NO	11/04/21	500 FIFTH AVENUE NORTH	SEATTLE	WA	98109

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

Medium ExplanationMediumExplanationTxt

FORM 990-PF, PART VII-A, LINE 11 - LIST OF CONTROLLED ENTITIES

THE GLOBAL GOOD FUND I LLC27-27968383150 139TH AVE SEBELLEVUE, WA 98005EXCESS BUSINESS HOLDING: NOGREENBRIAR EQUITY FUND III-A, LP46-1543216555 THEODORE FREMD AVE, STE. A-201RYE, NY 10580EXCESS BUSINESS HOLDING: NOGREENBRIAR EQUITY FUND III AIV NV, LP98-1208417555 THEODORE FREMD AVE, STE. A-201RYE, NY 10580EXCESS BUSINESS HOLDING: NOGREENBRIAR EQUITY FUND III AIV SK NV, LP47-3805287555 THEODARE FREMD AVE, STE. A-201RYE, NY 10580EXCESS BUSINESS HOLDING: NOGREENBRIAR EQUITY FUND III-A AIV WFCI, LP98-1219020555 THEODORE FREMD AVE, STE. A-201RYE, NY 10580EXCESS BUSINESS HOLDING: NOGREENBRIAR EQUITY FUND III AIV MM NV, LP81-1112433555 THEODORE FREMD AVE, STE. A-201RYE, NY 10580EXCESS BUSINESS HOLDING: NOGREENBRIAR AS, LP98-1208754555 THEODORE FREMD AVE, STE. A-201RYE, NY 10580EXCESS BUSINESS HOLDING: NOGREENBRIAR AS HOLDING, LP98-1208908555 THEODORE FREMD AVE, STE. A-201RYE, NY 10580EXCESS BUSINESS HOLDING: NO

PART VII-B, LINE 5C - GRANTS TO THE BILL & MELINDA GATES FOUNDATION

OF TOTAL $6,755,162,810 EXPENDITURE RESPONSIBILITY GRANT MADE TO THE BILL & MELINDA GATES FOUNDATION, $5,849,455,600 WAS A QUALIFYING DISTRIBUTION OF INCOME BY THE BILL & MELINDA GATES FOUNDATION TRUST. THE BILL & MELINDA GATES FOUNDATION HAS MET ALL REQUIRED COMPLIANCE WITH THE OUT OF CORPUS DISTRIBUTION RULES (TREAS. REG. 53.4942(A)3(D)(2)). GRANTS TREATED AS QUALIFYINGDISTRIBUTIONS OF INCOME WITH RESPECT TO BILL & MELINDA GATES FOUNDATION TRUST MAY NOT BE USED BY THE BILL & MELINDA GATES FOUNDATION TO MEET THAT FOUNDATION'S REQUIRED MINIMUM DISTRIBUTION OF INCOME (TREAS. REG. 53.4942(A)3). THESE FUNDS MUST BE REDISTRIBUTED AS REQUIRED OUT OF CORPUS DISTRIBUTIONS. ALL OUT OF CORPUS AND EXPENDITURE RESPONSIBILTY REPORTS FOR TAX YEAR ENDING 12/31/2020 HAVE BEEN RECEIVED.BILL AND MELINDA GATES FOUNDATION IS PROVIDING OVERSIGHT ON ALL ER GRANTS MADE BY THE BILL & MELINDA GATES FOUNDATION TRUST OUTSTANDING AS OF 2006 UNTIL THE FINAL GRANT REPORT IS RECEIVED.

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (390 entries)

BondBondNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
1011778 BC / NEW RED FIN	$271,618	$271,618
3M COMPANY	$1,802,066	$1,802,066
AA BOND CO LTD	$3,556,544	$3,556,544
ABBOTT LABORATORIES	$1,123,319	$1,123,319
ABBVIE INC	$7,529,398	$7,529,398
ABN AMRO BANK NV	$379,781	$379,781
ADELPHIA COMMUNICATIONS CORP	$7,750	$7,750
ADOBE INC	$1,288,033	$1,288,033
ADVENT HEALTH SYSTEM	$930,972	$930,972
AERCAP IRELAND CAP/GLOBA	$2,546,641	$2,546,641
AETNA INC	$1,231,020	$1,231,020
AIA GROUP LTD	$872,790	$872,790
AIR CANADA 2015 1A PTT	$695,217	$695,217
AIR CANADA 2020 2A PTT	$2,639,194	$2,639,194
AIR LEASE CORP	$290,357	$290,357
ALFA S.A.	$297,678	$297,678
ALGECO GLOBAL FINANCE	$853,273	$853,273
ALLY FINANCIAL INC	$23,365,095	$23,365,095
ALPHABET INC	$821,620	$821,620
ALTICE FRANCE SA	$210,500	$210,500
AMAZON.COM INC	$5,211,886	$5,211,886
AMBAC ASSURANCE CORP	$21,326	$21,326
AMBAC LSNI LLC	$56,043	$56,043
AMC ENTERTAINMENT HLDGS	$1,047,960	$1,047,960
AMER AIRLINE 16 3 AA PTT	$575,174	$575,174
AMER AIRLN 14 1 A PTT	$8,045,462	$8,045,462
AMER AIRLN 15 1 A PTT	$6,040,656	$6,040,656
AMERICAN AIRLINES 2013 2	$2,577,857	$2,577,857
AMERICAN EXPRESS CO	$3,475,967	$3,475,967
AMERICAN HONDA FINANCE	$14,176,905	$14,176,905
AMERICAN INTL GROUP	$1,955,824	$1,955,824
AMERISOURCEBERGEN CORP	$1,747,909	$1,747,909
AMGEN INC	$186,603	$186,603
ANGLO AMERICAN CAPITAL	$3,572,705	$3,572,705
ANHEUSER BUSCH INBEV WOR	$3,650,576	$3,650,576
ANTHEM INC	$677,639	$677,639
APACHE CORP	$2,431,910	$2,431,910
APPLE INC	$5,794,334	$5,794,334
AQUARION CO	$609,984	$609,984
ARCELORMITTAL	$3,403,331	$3,403,331
ARROW GLOBAL FINANCE	$344,227	$344,227
AT+T INC	$4,259,759	$4,259,759
AVIATION CAPITAL GROUP	$870,162	$870,162
BAE SYSTEMS HOLDINGS INC	$667,214	$667,214
BANCO MERCANTIL DE NORTE	$226,502	$226,502
BANCO SANTANDER SA	$2,934,013	$2,934,013
BANK OF AMERICA CORP	$32,462,502	$32,462,502
BANK OF MONTREAL	$818,865	$818,865
BANK OF NOVA SCOTIA	$1,292,026	$1,292,026
BANK OF NY MELLON CORP	$240,459	$240,459
BARCLAYS BANK PLC	$2,603,589	$2,603,589
BARCLAYS PLC	$239,922	$239,922
BECTON DICKINSON AND CO	$2,813,336	$2,813,336
BHP BILLITON FIN USA LTD	$50,398	$50,398
BLACKSTONE HOLDINGS FINA	$2,254,054	$2,254,054
BLUE CROSS BLUE SHIELD M	$974,602	$974,602
BMW US CAPITAL LLC	$90,834	$90,834
BNP PARIBAS	$3,390,337	$3,390,337
BOEING CO	$43,447,274	$43,447,274
BOPARAN FINANCE PLC	$1,241,942	$1,241,942
BORMIOLI PHARMA SPA	$238,104	$238,104
BOSTON PROPERTIES LP	$803,513	$803,513
BP CAP MARKETS AMERICA	$6,042,883	$6,042,883
BP CAPITAL MARKETS PLC	$991,593	$991,593
BPCE SA	$3,570,260	$3,570,260
BRISTOL MYERS SQUIBB CO	$4,859,892	$4,859,892
BRITISH AIR 20 1 A PPT	$3,245,339	$3,245,339
BROADCOM INC	$4,201,351	$4,201,351
CABOT FINANCIAL LUXEMBOU	$214,532	$214,532
CALIFORNIA INSTITUTE OF	$329,304	$329,304
CAMERON LNG LLC	$576,801	$576,801
CANADIAN IMPERIAL BANK	$425,553	$425,553
CAPITAL ONE FINANCIAL CO	$1,258,922	$1,258,922
CARGILL INC	$409,986	$409,986
CARLSON TRAVEL INC	$3,574,378	$3,574,378
CARLYLE HOLDINGS FINANCE	$463,823	$463,823
CARRIER GLOBAL CORP	$299,686	$299,686
CCO HLDGS LLC/CAP CORP	$1,825,413	$1,825,413
CENTERPOINT ENERGY INC	$2,765,001	$2,765,001
CGG HOLDING US INC	$620,952	$620,952
CHARLES SCHWAB CORP	$739,482	$739,482
CHARTER COMM OPT LLC/CAP	$15,092,930	$15,092,930
CHENIERE CORP CHRISTI HD	$343,064	$343,064
CHENIERE ENERGY INC	$367,500	$367,500
CHEVRON CORP	$9,149,596	$9,149,596
CHUBB INA HOLDINGS INC	$101,425	$101,425
CIGNA CORP	$5,926,060	$5,926,060
CIMAREX ENERGY CO	$3,456,441	$3,456,441
CINTAS CORPORATION NO. 2	$1,994,040	$1,994,040
CITIGROUP INC	$49,189,875	$49,189,875
CNOOC FINANCE 2012 LTD	$735,531	$735,531
CNOOC FINANCE 2015 US	$1,787,117	$1,787,117
COCA COLA CO/THE	$2,379,405	$2,379,405
COMCAST CORP	$6,354,891	$6,354,891
COMMONSPIRIT HEALTH	$1,432,245	$1,432,245
CON EDISON CO OF NY INC	$3,214,234	$3,214,234
CONCHO RESOURCES INC	$1,604,745	$1,604,745
CONTINENTAL RESOURCES	$1,668,901	$1,668,901
CONTL AIRLINES 2001 1	$32,453	$32,453
CONTL AIRLINES 2007 1	$131,229	$131,229
CONTL AIRLINES 2012 1 A	$868,542	$868,542
COOPERATIEVE RABOBANK UA	$6,526,115	$6,526,115
COSTCO WHOLESALE CORP	$1,346,716	$1,346,716
COX COMMUNICATIONS INC	$920,497	$920,497
CPUK FINANCE LTD	$2,014,162	$2,014,162
CREDIT AGRICOLE LONDON	$363,022	$363,022
CREDIT SUISSE GROUP AG	$1,722,523	$1,722,523
CREDIT SUISSE NEW YORK	$3,977,817	$3,977,817
CVS HEALTH CORP	$5,673,754	$5,673,754
CVS PASS THROUGH TRUST	$985,436	$985,436
CVS PASS THRU TR 2009	$603,950	$603,950
DAE FUNDING LLC	$174,675	$174,675
DAIMLER FINANCE NA LLC	$20,990,633	$20,990,633
DAIWA SECURITIES GROUP	$309,666	$309,666
DANONE SA	$2,733,304	$2,733,304
DANSKE BANK A/S	$3,179,661	$3,179,661
DCP MIDSTREAM OPERATING	$648,000	$648,000
DELTA AIR LINES 2020 AA	$14,941,711	$14,941,711
DELTA AIR LINES INC	$6,839,458	$6,839,458
DELTA AIR LINES/SKYMILES	$1,306,005	$1,306,005
DEVON ENERGY CORPORATION	$1,627,683	$1,627,683
DIAMONDBACK ENERGY INC	$2,466,372	$2,466,372
DIGITAL REALTY TRUST LP	$1,266,872	$1,266,872
DIGNITY HEALTH	$406,754	$406,754
DOLLAR GENERAL CORP	$42,324	$42,324
DOMINION ENERGY INC	$11,196,292	$11,196,292
DUKE ENERGY CORP	$4,290,882	$4,290,882
EAST OHIO GAS CO/THE	$967,981	$967,981
EATON CORP	$2,702,537	$2,702,537
ECOPETROL SA	$2,246,991	$2,246,991
EDISON INTERNATIONAL	$3,084,724	$3,084,724
EL PASO NATURAL GAS	$323,895	$323,895
ELI LILLY + CO	$996,239	$996,239
ENERGY TRANSFER OPERATNG	$2,317,293	$2,317,293
ENRGY TRANS PT/REG FIN	$1,462,871	$1,462,871
ENTERPRISE PRODUCTS OPER	$5,302,650	$5,302,650
EOG RESOURCES INC	$1,706,010	$1,706,010
EQT CORP	$1,209,426	$1,209,426
EQUATE PETROCHEMICAL BV	$623,711	$623,711
EQUITABLE FINANCIAL LIFE	$986,006	$986,006
ERICSSON LM	$715,520	$715,520
ESC LEHMAN BRTH HLDH PROD	$1,960	$1,960
EXELON CORP	$873,275	$873,275
EXELON GENERATION CO LLC	$4,187,182	$4,187,182
EXPLORER II AS	$107,061	$107,061
EXXON MOBIL CORPORATION	$5,636,148	$5,636,148
FABRIC BC SPA	$1,826,148	$1,826,148
FEDEX 2020 1 CLASS AA	$7,248,845	$7,248,845
FEDEX CORP	$1,181,909	$1,181,909
FERGUSON FINANCE PLC	$1,184,302	$1,184,302
FIRSTENERGY CORP	$7,483,161	$7,483,161
FORD MOTOR CREDIT CO LLC	$45,938,345	$45,938,345
FOX CORP	$626,256	$626,256
FREEPORT MCMORAN INC	$1,943,982	$1,943,982
GALAPAGOS SA	$3,981	$3,981
GALAXY BIDCO LTD	$2,352,722	$2,352,722
GARFUNKELUX HOLDCO 3 SA	$438,949	$438,949
GE CAPITAL INTL FUNDING	$17,189,450	$17,189,450
GENERAL DYNAMICS CORP	$2,112,090	$2,112,090
GENERAL ELECTRIC CO	$4,954,972	$4,954,972
GENERAL MOTORS CO	$1,251,657	$1,251,657
GENERAL MOTORS FINL CO	$50,539,546	$50,539,546
GFL ENVIRONMENTAL INC	$352,750	$352,750
GILEAD SCIENCES INC	$925,778	$925,778
GLENCORE FUNDING LLC	$4,057,061	$4,057,061
GLP CAPITAL LP / FIN II	$137,495	$137,495
GOLDMAN SACHS GROUP INC	$10,782,727	$10,782,727
GUARDIAN LIFE GLOB FUND	$162,284	$162,284
HACKENSACK MERIDIAN HLTH	$368,114	$368,114
HALLIBURTON CO	$424,583	$424,583
HANESBRANDS INC	$529,718	$529,718
HCA INC	$7,646,952	$7,646,952
HEATHROW FINANCE PLC	$278,495	$278,495
HERSHEY COMPANY	$121,859	$121,859
HILTON DOMESTIC OPERATIN	$897,750	$897,750
HOME DEPOT INC	$4,983,021	$4,983,021
HONEYWELL INTERNATIONAL	$300,465	$300,465
HOUSE OF FRASER FUNDING	$67,664	$67,664
HSBC HOLDINGS PLC	$4,547,044	$4,547,044
HUMANA INC	$3,480,357	$3,480,357
HYUNDAI CAPITAL AMERICA	$12,641,904	$12,641,904
IBM CORP	$1,822,894	$1,822,894
INFOR INC	$796,668	$796,668
INTEL CORP	$780,282	$780,282
INTESA SANPAOLO SPA	$4,586,930	$4,586,930
INTL LEASE FINANCE CORP	$1,004,863	$1,004,863
JABIL INC	$1,741,897	$1,741,897
JETBLUE AIRWAYS CORP	$2,396,163	$2,396,163
JOHNSON + JOHNSON	$2,609,666	$2,609,666
JPMORGAN CHASE + CO	$22,645,174	$22,645,174
KAZMUNAYGAS NATIONAL CO	$1,568,998	$1,568,998
KCA DEUTAG UK FINANCE PL	$991,435	$991,435
KIMBERLY CLARK CORP	$126,674	$126,674
KINDER MORGAN ENER PART	$1,040,972	$1,040,972
KINDER MORGAN INC	$2,712,422	$2,712,422
KINDER MORGAN INC/DELAWA	$1,899,344	$1,899,344
KKR GRP FIN CO VI LLC	$1,807,076	$1,807,076
KRAFT HEINZ FOODS CO	$2,109,776	$2,109,776
KROGER CO	$1,924,069	$1,924,069
L3HARRIS TECH INC	$2,386,170	$2,386,170
LAMB WESTON HLD	$156,275	$156,275
LAS VEGAS SANDS CORP	$327,579	$327,579
LEHMAN BROS CAP TR VII	$1	$1
LEHMAN BROTHERS HOLDINGS	$44	$44
LENNAR CORP	$932,975	$932,975
LEVI STRAUSS + CO	$389,500	$389,500
LIBERTY MUTUAL GROUP INC	$259,883	$259,883
LIMACORPORATE SPA	$942,840	$942,840
LINCOLN NATIONAL CORP	$1,162,376	$1,162,376
LLOYDS BANKING GROUP PLC	$6,690,555	$6,690,555
LOCKHEED MARTIN CORP	$897,615	$897,615
LOWE S COS INC	$2,088,720	$2,088,720
LSF9 BALTA ISSUER SA	$928,217	$928,217
LYB INT FINANCE III	$2,862,238	$2,862,238
MACQUARIE GROUP LTD	$1,801,757	$1,801,757
MANGROVE LUXCO III	$1,995,840	$1,995,840
MARATHON OIL CORP	$1,114,211	$1,114,211
MARATHON PETROLEUM CORP	$4,845,922	$4,845,922
MARCOLIN SPA	$1,584,497	$1,584,497
MARS INC	$2,150,204	$2,150,204
MASTERCARD INC	$2,792,067	$2,792,067
MAUSER PACKAGING SOLUT	$1,100,847	$1,100,847
MCDONALD S CORP	$7,072,582	$7,072,582
MDC HOLDINGS INC	$268,109	$268,109
MEDTRONIC INC	$268,209	$268,209
MERCK + CO INC	$728,813	$728,813
METLIFE CAPITAL TRUST IV	$3,778,800	$3,778,800
METLIFE INC	$129,344	$129,344
MICRON TECHNOLOGY INC	$395,967	$395,967
MILEAGE PLUS HLDINGS LLC	$720,250	$720,250
MITSUBISHI UFJ FIN GRP	$7,332,700	$7,332,700
MONDELEZ INTERNATIONAL	$962,467	$962,467
MONDELEZ INTL HLDINGS NE	$267,448	$267,448
MORGAN STANLEY	$9,566,236	$9,566,236
MPLX LP	$3,369,678	$3,369,678
NATIONAL SECS CLEARING	$2,223,372	$2,223,372
NATIONWIDE BLDG SOCIETY	$1,086,653	$1,086,653
NATWEST GROUP PLC	$2,056,290	$2,056,290
NAVIERA ARMAS SA	$1,433,766	$1,433,766
NETFLIX INC	$923,450	$923,450
NEW YORK LIFE GLOBAL FDG	$314,255	$314,255
NEWELL BRANDS INC	$290,543	$290,543
NIKE INC	$2,034,006	$2,034,006
NISSAN MOTOR CO	$2,916,673	$2,916,673
NOBLE ENERGY INC	$1,122,604	$1,122,604
NORDEA BANK ABP	$1,319,999	$1,319,999
NORTHROP GRUMMAN CORP	$3,147,921	$3,147,921
NUVEEN LLC	$2,030,923	$2,030,923
NVIDIA CORP	$3,829,652	$3,829,652
NXP BV/NXP FDG/NXP USA	$279,838	$279,838
NXP BV/NXP FUNDING LLC	$709,375	$709,375
OCCIDENTAL PETROLEUM COR	$8,299,276	$8,299,276
OFFICE CHERIFIEN DES PHO	$2,823,272	$2,823,272
ONEOK INC	$787,430	$787,430
ORACLE CORP	$2,314,158	$2,314,158
OTIS WORLDWIDE CORP	$201,370	$201,370
PACIFIC GAS + ELECTRIC	$10,820,338	$10,820,338
PARK AEROSPACE HOLDINGS	$448,459	$448,459
PARSLEY ENERGY LLC/FINAN	$41,784	$41,784
PATRONS LEGACY 2003 III	$1,780,501	$1,780,501
PAYPAL HOLDINGS INC	$1,455,327	$1,455,327
PEACHTREE FUNDING TRUST	$684,140	$684,140
PENSKE TRUCK LEASING/PTL	$1,380,252	$1,380,252
PEPSICO INC	$1,772,987	$1,772,987
PERTAMINA PERSERO PT	$1,019,479	$1,019,479
PERUSAHAAN LISTRIK NEGAR	$2,063,160	$2,063,160
PETROBRAS GLOBAL FINANCE	$8,628,039	$8,628,039
PETROLEOS DEL PERU SA	$2,432,830	$2,432,830
PETROLEOS MEXICANOS	$1,930,965	$1,930,965
PFD ADELPHIA	$3,375	$3,375
PFIZER INC	$1,608,984	$1,608,984
PHILLIPS 66	$902,836	$902,836
PHILLIPS 66 PARTNERS LP	$659,257	$659,257
PICARD GROUPE SAS	$1,189,979	$1,189,979
PNC FINANCIAL SERVICES	$2,539,388	$2,539,388
PPL ELECTRIC UTILITIES	$2,852,581	$2,852,581
PREMIER FOODS FINANCE	$643,833	$643,833
PRINCIPAL LFE GLB FND II	$142,926	$142,926
PROCTER + GAMBLE CO/THE	$320,152	$320,152
PROSUS NV	$3,835,839	$3,835,839
PROTECTIVE LIFE GLOBAL	$4,237,109	$4,237,109
PRUDENTIAL FINANCIAL INC	$1,461,944	$1,461,944
RAC BOND CO PLC	$136,360	$136,360
RANGE RESOURCES CORP	$1,402,780	$1,402,780
RAYMOND JAMES FINANCIAL	$775,482	$775,482
RAYTHEON TECH CORP	$1,096,416	$1,096,416
ROYAL BANK OF CANADA	$1,966,295	$1,966,295
RYDER SYSTEM INC	$888,161	$888,161
SABINE PASS LIQUEFACTION	$285,823	$285,823
SALESFORCE.COM INC	$2,230,252	$2,230,252
SANDS CHINA LTD	$2,599,465	$2,599,465
SANTANDER UK GROUP HLDGS	$906,761	$906,761
SCHLUMBERGER HLDGS CORP	$1,385,529	$1,385,529
SHELL INTERNATIONAL FIN	$5,081,082	$5,081,082
SILVERSEA CRUISE FINANCE	$1,811,250	$1,811,250
SMBC AVIATION CAPITAL FI	$1,478,104	$1,478,104
SOFIMA HOLDING S.P.A	$986,181	$986,181
SOUTHERN CAL EDISON	$11,084,056	$11,084,056
SOUTHERN COPPER CORP	$662,445	$662,445
SOUTHERN NATURAL GAS	$485,651	$485,651
SOUTHWEST AIRLINES CO	$6,532,966	$6,532,966
SPIRIT LOYALTY KY LTD/IP	$907,200	$907,200
SPRINT CAPITAL CORP	$665,018	$665,018
SPRINT CORP	$72,835	$72,835
SPRINT SPECTRUM / SPEC I	$37,853	$37,853
SSM HEALTH CARE	$1,613,476	$1,613,476
STANDARD CHARTERED PLC	$489,850	$489,850
STATE STREET CORP	$341,901	$341,901
SUMITOMO MITSUI TR BK LT	$2,270,366	$2,270,366
SUMMER BC HOLDCO B SARL	$644,352	$644,352
SUNCOR ENERGY INC	$2,674,965	$2,674,965
SUNOCO LOGISTICS PARTNER	$681,264	$681,264
SUZANO AUSTRIA GMBH	$3,400,429	$3,400,429
SVENSKA HANDELSBANKEN AB	$688,373	$688,373
SWEDBANK AB	$530,041	$530,041
SYNGENTA FINANCE NV	$1,882,551	$1,882,551
SYNLAB BONDCO PLC	$2,245,887	$2,245,887
SYSCO CORPORATION	$12,945,395	$12,945,395
T MOBILE USA INC	$10,957,765	$10,957,765
TAKKO LUX 2 SCA	$1,499,461	$1,499,461
TARGA RESOURCES PARTNERS	$851,335	$851,335
TARGET CORP	$417,479	$417,479
TEACHERS INSUR + ANNUITY	$59,774	$59,774
TEAMSYSTEM SPA	$796,367	$796,367
TECK RESOURCES LIMITED	$25,059	$25,059
TELEFONICA EMISIONES SAU	$953,489	$953,489
TENCENT HOLDINGS LTD	$1,519,437	$1,519,437
TENNESSEE GAS PIPELINE	$288,722	$288,722
TEVA PHARM FIN IV BV	$10,125	$10,125
TEVA PHARMACEUT FIN BV	$875,813	$875,813
TEVA PHARMACEUTICALS NE	$850,792	$850,792
TEXAS INSTRUMENTS INC	$601,505	$601,505
THERMO FISHER SCIENTIFIC	$2,343,825	$2,343,825
TIME WARNER CABLE LLC	$2,096,796	$2,096,796
TJX COS INC	$382,804	$382,804
TOLL BROS FINANCE CORP	$275,925	$275,925
TORONTO DOMINION BANK	$1,216,914	$1,216,914
TOYOTA INDUSTRIES CORP	$2,421,574	$2,421,574
TOYOTA MOTOR CREDIT CORP	$2,143,638	$2,143,638
TRANSCANADA PIPELINES	$7,037,824	$7,037,824
TRANSCONT GAS PIPE LINE	$2,385,667	$2,385,667
TRANSDIGM INC	$570,898	$570,898
TRANSURBAN FINANCE CO	$709,834	$709,834
TRAVELEX FINANCING PLC	$7,647	$7,647
TRAVELEX ISSUERC LTD	$1,345,898	$1,345,898
TRIVIUM PACKAGING FIN	$1,320,371	$1,320,371
TRUIST BANK	$818,031	$818,031
TSMC GLOBAL LTD	$586,117	$586,117
TVL FINANCE PLC	$2,841,622	$2,841,622
UBS AG LONDON	$753,167	$753,167
UBS GROUP AG	$13,083,816	$13,083,816
UNICREDIT SPA	$2,718,848	$2,718,848
UNION PACIFIC CORP	$1,396,168	$1,396,168
UNITED AIR 2014 1 A PTT	$1,461,561	$1,461,561
UNITED AIR 2015 1 AA PTT	$516,680	$516,680
UNITED AIR 2016 1 AA PTT	$677,264	$677,264
UNITED AIR 2016 2 AA PTT	$3,280,122	$3,280,122
UNITED AIR 2018 1 AA PTT	$765,833	$765,833
UNITED PARCEL SERVICE	$581,841	$581,841
UNITED RENTALS NORTH AM	$1,715,324	$1,715,324
UNITEDHEALTH GROUP INC	$3,701,063	$3,701,063
US AIRWAYS 2010 1A PTT	$867,329	$867,329
US AIRWAYS 2012 1A PTT	$3,493,050	$3,493,050
US AIRWAYS 2012 2A PTT	$1,128,017	$1,128,017
US AIRWAYS 2013 1A PTT	$1,563,402	$1,563,402
US BANCORP	$6,105,030	$6,105,030
US BANK NA CINCINNATI	$412,724	$412,724
USAA CAPITAL CORP	$2,041,490	$2,041,490
VALE OVERSEAS LIMITED	$1,118,276	$1,118,276
VENTAS REALTY LP	$6,670,181	$6,670,181
VERISURE HOLDING AB	$375,324	$375,324
VERITAS US INC/BERMUDA L	$1,043,751	$1,043,751
VERIZON COMMUNICATIONS	$9,862,342	$9,862,342
VERTICAL MIDCO GMBH	$928,904	$928,904
VISA INC	$2,935,369	$2,935,369
VMWARE INC	$4,446,289	$4,446,289
VOC ESCROW LTD	$2,133,875	$2,133,875
VODAFONE GROUP PLC	$1,770,267	$1,770,267
VOLKSWAGEN GROUP AMERICA	$3,374,604	$3,374,604
WACHOVIA CAP TRUST III	$3,908,752	$3,908,752
WALMART INC	$1,170,286	$1,170,286
WALT DISNEY COMPANY/THE	$1,617,681	$1,617,681
WASTE MANAGEMENT INC	$699,181	$699,181
WELLS FARGO + COMPANY	$35,347,753	$35,347,753
WESTERN MIDSTREAM OPERAT	$4,524,604	$4,524,604
WILLIAMS COMPANIES INC	$155,660	$155,660
WILLIAMS COS INC	$1,036,542	$1,036,542
WILLIS KNIGHTON MED CTR	$320,764	$320,764
WPX ENERGY INC	$1,153,817	$1,153,817
WYNN MACAU LTD	$204,250	$204,250

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (738 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
3I GROUP PLC	$8,100,694	$8,100,694
ABB LTD REG	$4,222,798	$4,222,798
ABERDEEN ASIA PACIFIC INCOME F	$521,282	$521,282
ABERDEEN ASIA PACIFIC INCOME I	$2,968,924	$2,968,924
ABERDEEN ASIAN INCOME FUND LTD	$12,286,084	$12,286,084
ABERDEEN EMERGING MARKETS EQUI	$19,418,556	$19,418,556
ABERDEEN EMERGING MARKETS INVE	$22,922,592	$22,922,592
ABERDEEN JAPAN EQUITY FUND INC	$1,083,622	$1,083,622
ABERDEEN JAPAN INVESTMENT TRUS	$528,366	$528,366
ABERDEEN LATIN AMERICAN INCOME	$1,536,339	$1,536,339
ABERDEEN NEW DAWN INVESTMENT T	$16,721,620	$16,721,620
ABERDEEN NEW INDIA INVESTMENT	$4,626,911	$4,626,911
ABERDEEN NEW THAI INVESTMENT T	$6,974,412	$6,974,412
ABERDEEN STANDARD ASIA FOCUS P	$24,939,227	$24,939,227
ABERDEEN TOTAL DYNAMIC DIVIDEN	$7,520,863	$7,520,863
ABERFORTH SMALLER COMPANIES TR	$491,314	$491,314
ACERINOX SA	$1,931,696	$1,931,696
ADECCO GROUP AG REG	$6,325,057	$6,325,057
ADEKA CORP	$18,316,141	$18,316,141
ADEVINTA ASA	$606,966	$606,966
ADIDAS AG	$7,966,050	$7,966,050
ADMIRAL GROUP PLC	$4,524,075	$4,524,075
AEON DELIGHT CO LTD	$2,664,017	$2,664,017
AEON MALL CO LTD	$11,109,282	$11,109,282
AGORA INC ADR	$3,108,308	$3,108,308
AIR WATER INC	$16,719,074	$16,719,074
AIRBUS SE	$5,116,827	$5,116,827
AIRPORTS CORP OF VIETNAM JSC	$4,775,738	$4,775,738
ALFA S.A.B. A	$22,654,405	$22,654,405
ALFRESA HOLDINGS CORP	$28,794,694	$28,794,694
ALIBABA GROUP HOLDING LTD	$84,689,876	$84,689,876
ALIBABA GROUP HOLDING SP ADR	$50,246,407	$50,246,407
ALLIANCE TRUST PLC	$4,417,616	$4,417,616
ALLIANCEBERNSTEIN NATIONAL MUN	$377,155	$377,155
ALLIANZGI DIVIDEND INTEREST +	$928,296	$928,296
ALPHABET INC CL A	$43,560,115	$43,560,115
ALPHABET INC CL C	$39,054,661	$39,054,661
ALTEN SA	$2,743,698	$2,743,698
AMADA CO LTD	$35,913,175	$35,913,175
AMAZON.COM INC	$105,622,240	$105,622,240
AMBEV SA ADR	$53,176,668	$53,176,668
AMEDEO AIR FOUR PLUS LTD	$279,477	$279,477
AMERICA MOVIL SPN ADR CL L	$41,546,727	$41,546,727
AMERICAN TOWER CORP	$2,154,816	$2,154,816
AMERIPRISE FINANCIAL INC	$2,953,816	$2,953,816
AMGEN INC	$1,793,376	$1,793,376
AMOREPACIFIC CORP	$43,036,800	$43,036,800
AMPLIFON SPA	$1,720,297	$1,720,297
ANDRITZ AG	$1,106,386	$1,106,386
ANEST IWATA CORP	$3,995,488	$3,995,488
ANHEUSER BUSCH INBEV SA/NV	$6,153,367	$6,153,367
ANHUI CONCH CEMENT CO LTD A	$44,153,302	$44,153,302
ANTHEM INC	$2,729,265	$2,729,265
APPLE INC	$139,975,079	$139,975,079
ARCELORMITTAL	$5,203,392	$5,203,392
ARCS CO LTD	$14,098,855	$14,098,855
ARIAKE JAPAN CO LTD	$26,131,164	$26,131,164
ASIA DRAGON TRUST PLC	$51,337,072	$51,337,072
ASICS CORP	$60,733,808	$60,733,808
ASML HOLDING NV	$3,422,467	$3,422,467
ASSA ABLOY AB B	$9,330,971	$9,330,971
ASTRA INTERNATIONAL TBK PT	$7,066,988	$7,066,988
ATLANTIS JAPAN GROWTH FUND LTD	$1,640,854	$1,640,854
AUTO TRADER GROUP PLC	$3,245,796	$3,245,796
AVI GLOBAL TRUST PLC	$3,452,980	$3,452,980
AVI JAPAN OPPORTUNITY TRUST PL	$720,824	$720,824
AXA SA	$5,603,707	$5,603,707
AZBIL CORP	$20,064,623	$20,064,623
BAE SYSTEMS PLC	$3,517,026	$3,517,026
BAIDU INC SPON ADR	$14,513,813	$14,513,813
BAILLIE GIFFORD EUROPEAN GROWT	$5,921,975	$5,921,975
BAILLIE GIFFORD UK GROWTH FUND	$1,630,347	$1,630,347
BANDAI NAMCO HOLDINGS INC	$43,499,607	$43,499,607
BANGLADESH FUND	$1,544,337	$1,544,337
BANK OF IRELAND GROUP PLC	$3,434,270	$3,434,270
BANKIA SA	$2,261,634	$2,261,634
BARCLAYS PLC	$9,966,439	$9,966,439
BARRATT DEVELOPMENTS PLC	$1,284,928	$1,284,928
BASF SE	$7,397,599	$7,397,599
BAYERISCHE MOTOREN WERKE AG	$4,116,601	$4,116,601
BEIJING NEW BUILDING MATER A	$47,428,017	$47,428,017
BERKSHIRE HATHAWAY INC CL B	$9,762,746,996	$9,762,746,996
BID CORP LTD	$24,800,897	$24,800,897
BIDVEST GROUP LTD	$47,858,403	$47,858,403
BILIBILI INC SPONSORED ADR	$23,144,400	$23,144,400
BLACKROCK 2022 GLOBAL INCOME O	$12,457	$12,457
BLACKROCK CORE BOND TRUST	$744,274	$744,274
BLACKROCK CREDIT ALLOCATION IN	$1,534,709	$1,534,709
BLACKROCK ENHANCED GOVERNMENT	$54,456	$54,456
BLACKROCK ENHANCED INTERNATION	$1,972,567	$1,972,567
BLACKROCK FRONTIERS INVESTMENT	$13,024,317	$13,024,317
BLACKROCK INCOME TRUST INC	$142,165	$142,165
BLACKROCK LATIN AMERICAN INVES	$10,781,779	$10,781,779
BLACKROCK MUNI INTERMEDIATE DU	$501,372	$501,372
BLACKROCK MUNICIPAL 2030 TARGE	$703,350	$703,350
BLACKROCK MUNIYIELD MICHIGAN Q	$284,115	$284,115
BLACKROCK MUNIYIELD QUALITY FU	$140,625	$140,625
BLACKROCK RESOURCES + COMMODIT	$1,948,852	$1,948,852
BLACKROCK SMALLER COS TRUST PL	$356,298	$356,298
BMO GLOBAL SMALLER COMPANIES P	$644,956	$644,956
BNP PARIBAS	$8,128,514	$8,128,514
BOOKING HOLDINGS INC	$3,196,132	$3,196,132
BOSKALIS WESTMINSTER	$2,144,170	$2,144,170
BP PLC	$13,967,833	$13,967,833
BRANDYWINEGLOBAL GLOBAL INCOME	$1,291,578	$1,291,578
BRENNTAG AG	$6,230,584	$6,230,584
BRIDGESTONE CORP	$4,936,127	$4,936,127
BRILLIANCE CHINA AUTOMOTIVE	$23,779,021	$23,779,021
BROADCOM INC	$2,276,820	$2,276,820
BRUNNER INVESTMENT TRUST PLC/T	$359,627	$359,627
BUCHER INDUSTRIES AG REG	$51,777,952	$51,777,952
BUNZL PLC	$6,821,910	$6,821,910
CALEDONIA INVESTMENTS PLC	$3,016,505	$3,016,505
CANADIAN NATL RAILWAY CO	$1,865,172,590	$1,865,172,590
CANON MARKETING JAPAN INC	$29,070,173	$29,070,173
CAPITA PLC	$1,698,165	$1,698,165
CARLSBERG AS B	$4,205,375	$4,205,375
CARLSON TRAVEL INC	$40,005	$40,005
CARNIVAL PLC	$1,271,521	$1,271,521
CASIO COMPUTER CO LTD	$4,997,914	$4,997,914
CATERPILLAR INC	$2,049,701,191	$2,049,701,191
CBRE CLARION GLOBAL REAL ESTAT	$1,352,574	$1,352,574
CHEVRON CORP	$1,646,775	$1,646,775
CHINA CONCH VENTURE HOLDINGS	$82,492,833	$82,492,833
CHINA EVERBRIGHT ENVIRONMENT	$18,641,062	$18,641,062
CHINA FORESTRY HOLDINGS CO	$622	$622
CHINA FUND INC/THE	$15,289,310	$15,289,310
CHINA LESSO GROUP HOLDINGS L	$6,129,613	$6,129,613
CHINA MEIDONG AUTO HOLDINGS	$38,205,888	$38,205,888
CHINA MERCHANTS BANK A	$39,415,935	$39,415,935
CHINA MERCHANTS SHEKOU IND A	$22,249,010	$22,249,010
CHINA NATIONAL BUILDING MA H	$28,025,448	$28,025,448
CHINA YOUZAN LTD	$15,578,651	$15,578,651
CHUBB LTD	$1,577,680	$1,577,680
CHUGOKU MARINE PAINTS LTD	$15,610,410	$15,610,410
CIA DE MINAS BUENAVENTUR ADR	$11,949,113	$11,949,113
CIE FINANCIERE RICHEMO A REG	$12,999,785	$12,999,785
CIE FINANCIERE RICHEMO A REG	$34,637	$34,637
CINEWORLD GROUP PLC	$56,886	$56,886
CISCO SYSTEMS INC	$3,020,625	$3,020,625
CITIZEN WATCH CO LTD	$9,112,306	$9,112,306
CK ASSET HOLDINGS LTD	$6,182,619	$6,182,619
CK HUTCHISON HOLDIN UNSP ADR	$2,943,621	$2,943,621
CK HUTCHISON HOLDINGS LTD	$9,970,389	$9,970,389
CLOSE BROTHERS GROUP PLC	$1,136,006	$1,136,006
CNH INDUSTRIAL NV	$7,784,801	$7,784,801
COCA COLA EUROPEAN PARTNERS	$2,755,001	$2,755,001
COCA COLA FEMSA SAB DE CV	$646,869	$646,869
COCA COLA FEMSA SAB SP ADR	$286,498,546	$286,498,546
COHEN + STEERS QUALITY INCOME	$410,862	$410,862
COLOPLAST B	$11,576,030	$11,576,030
COMCAST CORP CLASS A	$2,698,600	$2,698,600
COMMERCIAL INTERNATIONAL BAN	$32,862,292	$32,862,292
COMPASS GROUP PLC	$9,347,117	$9,347,117
CONCORDIA FINANCIAL GROUP LT	$20,568,066	$20,568,066
CONSUMER STAPLES SELECT SECTOR	$1,719,975	$1,719,975
CONTROLADORA NEMAK SAB DE CV	$4,127,576	$4,127,576
CONVATEC GROUP PLC	$5,194,493	$5,194,493
CP ALL PCL FOREIGN	$22,829,100	$22,829,100
CRH PLC	$1,076,342	$1,076,342
CROWN CASTLE INTL CORP	$848,944,351	$848,944,351
CTS EVENTIM AG + CO KGAA	$2,729,605	$2,729,605
CVS HEALTH CORP	$2,629,550	$2,629,550
DAI ICHI LIFE HOLDINGS INC	$121,451,197	$121,451,197
DAIFUKU CO LTD	$9,973,674	$9,973,674
DAIHEN CORP	$21,098,198	$21,098,198
DAILY MAIL+GENERAL TST A NV	$770,189	$770,189
DAIRY FARM INTL HLDGS LTD	$7,486,401	$7,486,401
DAIWA HOUSE INDUSTRY CO LTD	$11,428,606	$11,428,606
DAIWA SECURITIES GROUP INC	$4,515,405	$4,515,405
DAIWABO HOLDINGS CO LTD	$20,299,230	$20,299,230
DALI FOODS GROUP CO LTD	$2,648,967	$2,648,967
DANSKE BANK A/S	$578,024	$578,024
DAVIDE CAMPARI MILANO NV	$2,360,993	$2,360,993
DCC PLC	$3,660,562	$3,660,562
DELAWARE INVTS MINN MUN	$369,656	$369,656
DEMANT A/S	$5,823,956	$5,823,956
DENKA CO LTD	$16,538,438	$16,538,438
DENSO CORP	$28,517,797	$28,517,797
DEUTSCHE TELEKOM AG REG	$3,470,435	$3,470,435
DEVRO PLC	$697,759	$697,759
DIAGEO PLC	$20,524,018	$20,524,018
DISCO CORP	$45,438,036	$45,438,036
DNB ASA	$2,848,835	$2,848,835
DOLLAR TREE INC	$2,106,780	$2,106,780
DON JERSEY TOPCO LIMITED	$1,174,210	$1,174,210
DONGFENG MOTOR GRP CO LTD H	$43,468,388	$43,468,388
DOSHISHA CO LTD	$7,177,376	$7,177,376
DOUBLELINE INCOME SOLUTIONS FU	$116,358	$116,358
DOUBLELINE YIELD OPPORTUNITIES	$64,156	$64,156
DS SMITH PLC	$4,094,139	$4,094,139
DTF TAX FREE INCOME INC	$4,470	$4,470
EAST JAPAN RAILWAY CO	$40,725,163	$40,725,163
EASTMAN CHEMICAL CO	$2,507,000	$2,507,000
EASYJET PLC	$2,497,343	$2,497,343
EATON CORP PLC	$3,135,654	$3,135,654
EATON VANCE 2021 TARGET TERM T	$51,195	$51,195
EATON VANCE LTD DURATION INCOM	$212,972	$212,972
EATON VANCE MUNICIPAL BOND FUN	$213,275	$213,275
EATON VANCE SHORT DURATION DIV	$292,487	$292,487
EATON VANCE TAX ADVANTAGED GLO	$129,344	$129,344
EBARA CORP	$10,954,254	$10,954,254
ECOLAB INC	$944,719,929	$944,719,929
EDENRED	$6,415,791	$6,415,791
EDINBURGH INVESTMENT TRUST PLC	$831,342	$831,342
ELIS SA	$1,171,675	$1,171,675
ELLERSTON ASIAN INVESTMENTS LT	$3,854,291	$3,854,291
EMAAR PROPERTIES PJSC	$27,717,625	$27,717,625
ENTAIN PLC	$6,309,726	$6,309,726
EQUINOR ASA	$6,395,850	$6,395,850
ESSILORLUXOTTICA	$7,679,119	$7,679,119
EUROFINS SCIENTIFIC	$5,876,461	$5,876,461
EUROMONEY INSTL INVESTOR PLC	$981,840	$981,840
EUROPEAN ASSETS TRUST PLC/FUND	$1,926,070	$1,926,070
EUROPEAN OPPORTUNITIES TRUST P	$1,287,077	$1,287,077
EVER SUNSHINE LIFESTYLE SERV	$34,874,773	$34,874,773
EXPERIAN PLC	$5,799,936	$5,799,936
EXXON MOBIL CORP	$700,740	$700,740
F+C INVESTMENT TRUST PLC	$3,112,946	$3,112,946
FACEBOOK INC CLASS A	$4,513,969	$4,513,969
FEDEX CORP	$785,350,240	$785,350,240
FERROVIAL SA	$914,736	$914,736
FIDELITY CHINA SPECIAL SITUATI	$49,982,812	$49,982,812
FIDELITY EUROPEAN TRUST PLC	$7,221,844	$7,221,844
FIDELITY JAPAN TRUST PLC	$2,241,558	$2,241,558
FIRST TRUST DYNAMIC EUROPE EQU	$1,785,281	$1,785,281
FIRST TRUST SENIOR FLOATING RA	$50,299	$50,299
FLUIDRA SA	$2,194,063	$2,194,063
FLUTTER ENTERTAINMENT PLC	$14,088,506	$14,088,506
FOMENTO DE CONSTRUC Y CONTRA	$77,270,468	$77,270,468
FONDUL PROPRIETATEA SA/FUND	$3,596,626	$3,596,626
FRESENIUS MEDICAL CARE AG +	$6,940,046	$6,940,046
FRONTIER EMERGING MARKETS FUND	$3,385,311	$3,385,311
FUJI CORP/AICHI	$15,109,448	$15,109,448
FUJI MEDIA HOLDINGS INC	$58,080,682	$58,080,682
FUJI OIL HOLDINGS INC	$20,080,532	$20,080,532
FUJI SEAL INTERNATIONAL INC	$27,719,546	$27,719,546
FUKUDA DENSHI CO LTD	$11,608,310	$11,608,310
FUKUOKA FINANCIAL GROUP INC	$4,630,214	$4,630,214
FUNDSMITH EMERGING EQUITIES TR	$9,025,984	$9,025,984
GABELLI DIVIDEND + INCOME TRUS	$342,394	$342,394
GDS HOLDINGS LTD ADR	$40,169,781	$40,169,781
GEA GROUP AG	$839,607	$839,607
GEBERIT AG REG	$9,237,607	$9,237,607
GENESIS EMERGING MARKETS FUND	$77,145,682	$77,145,682
GERRESHEIMER AG	$1,256,403	$1,256,403
GESTAMP AUTOMOCION SA	$1,597,792	$1,597,792
GETINGE AB B SHS	$2,365,722	$2,365,722
GETLINK SE	$3,040,577	$3,040,577
GIVAUDAN REG	$714,191,934	$714,191,934
GLENCORE PLC	$5,701,416	$5,701,416
GN STORE NORD A/S	$9,399,873	$9,399,873
GOLDMAN SACHS GROUP INC	$2,907,403	$2,907,403
GREE ELECTRIC APPLIANCES I A	$57,678,549	$57,678,549
GRUPO BIMBO SAB SERIES A	$15,681,384	$15,681,384
GRUPO TELEVISA SA SPON ADR	$139,083,817	$139,083,817
GRUPO TELEVISA SAB SER CPO	$7,886,979	$7,886,979
GULF INVESTMENT FUND PLC	$5,710,876	$5,710,876
GUNZE LTD	$5,620,340	$5,620,340
HAIDILAO INTERNATIONAL HOLDI	$42,061,827	$42,061,827
HAIER SMART HOME CO LTD A	$43,466,997	$43,466,997
HAIER SMART HOME CO LTD H	$82,660,681	$82,660,681
HAKUHODO DY HOLDINGS INC	$11,580,948	$11,580,948
HANNOVER RUECK SE	$1,447,133	$1,447,133
HANSA INVESTMENT CO LTD	$10,022,556	$10,022,556
HARBORVIEW NIM CI 4 CORP	$126	$126
HASEKO CORP	$14,594,286	$14,594,286
HAYS PLC	$4,640,514	$4,640,514
HAZAMA ANDO CORP	$17,229,343	$17,229,343
HEINEKEN HOLDING NV	$17,044,833	$17,044,833
HEINEKEN NV	$7,761,514	$7,761,514
HELLOFRESH SE	$11,847,786	$11,847,786
HELVETIA HOLDING AG REG	$850,157	$850,157
HENDERSON ALTERNATIVE STRATEGI	$1,977,914	$1,977,914
HENDERSON EUROTRUST PLC	$712,673	$712,673
HENDERSON SMALLER COMPANIES IN	$1,088,889	$1,088,889
HERO MOTOCORP LTD	$54,554,808	$54,554,808
HI LEX CORP	$5,649,668	$5,649,668
HIROSE ELECTRIC CO LTD	$60,616,560	$60,616,560
HISCOX LTD	$1,032,716	$1,032,716
HITACHI CAPITAL CORP	$27,142,961	$27,142,961
HITACHI LTD	$158,213,918	$158,213,918
HOGY MEDICAL CO LTD	$15,324,887	$15,324,887
HOME DEPOT INC	$2,223,239	$2,223,239
HOMESERVE PLC	$7,356,541	$7,356,541
HON HAI PRECISION INDUSTRY	$42,533,213	$42,533,213
HONDA MOTOR CO LTD	$39,715,604	$39,715,604
HORIBA LTD	$17,907,695	$17,907,695
HOSHIZAKI CORP	$4,668,730	$4,668,730
HOUSING DEVELOPMENT FINANCE	$58,656,266	$58,656,266
HSBC CHINA DRAGON FUND	$8,104,329	$8,104,329
HYUNDAI MOBIS CO LTD	$32,957,924	$32,957,924
HYUNDAI MOTOR CO	$91,937,829	$91,937,829
IG GROUP HOLDINGS PLC	$3,123,441	$3,123,441
IMERYS SA	$432,202	$432,202
INABATA + CO LTD	$13,624,592	$13,624,592
INCHCAPE PLC	$3,399,663	$3,399,663
INDIA CAPITAL GROWTH FUND LTD	$3,550,240	$3,550,240
INDIA FUND INC/THE	$3,742,740	$3,742,740
INFORMA PLC	$884,486	$884,486
ING EMERGING MARKETS HIGH DI	$530,452	$530,452
INPEX CORP	$19,663,159	$19,663,159
INSIGHT SELECT INCOME FUND	$25,803	$25,803
INTERCONTINENTAL HOTELS GROU	$732,520	$732,520
INTERNATIONAL PERSONAL FINAN	$593,745	$593,745
INTERTEK GROUP PLC	$12,129,956	$12,129,956
INTESA SANPAOLO	$990,216	$990,216
INVESCO ASIA TRUST PLC	$12,143,558	$12,143,558
INVESCO BOND FUND	$20,887	$20,887
INVESCO DYNAMIC CREDIT OPPORTU	$1,765,570	$1,765,570
IRISH CONTINENTAL GROUP PLC	$1,782,989	$1,782,989
ISHARES 1 3 YEAR TREASURY BOND	$696,482	$696,482
ISHARES 20 YEAR TREASURY BOND	$78,865	$78,865
ISHARES 7 10 YEAR TREASURY BON	$4,248,509	$4,248,509
ISHARES CORE MSCI EAFE ETF	$1,082,640	$1,082,640
ISHARES CORE MSCI EMERGING MAR	$2,625,595	$2,625,595
ISHARES MSCI AUSTRALIA ETF	$4,130,680	$4,130,680
ISHARES MSCI BRAZIL ETF	$3,414,184	$3,414,184
ISHARES MSCI CHINA ETF	$8,536,829	$8,536,829
ISHARES MSCI EUROZONE ETF	$4,019,082	$4,019,082
ISHARES MSCI FRANCE ETF	$2,075,291	$2,075,291
ISHARES MSCI GERMANY ETF	$2,122,713	$2,122,713
ISHARES MSCI JAPAN ETF	$2,705,846	$2,705,846
ISHARES MSCI MALAYSIA ETF	$1,733,242	$1,733,242
ISHARES MSCI SOUTH KOREA ETF	$31,573,896	$31,573,896
ISHARES MSCI SWITZERLAND ETF	$2,736,873	$2,736,873
ISHARES S+P/TSX 60 INDEX ETF	$3,578,281	$3,578,281
ISHARES US TECHNOLOGY ETF	$5,921,568	$5,921,568
ITAU UNIBANCO H SPON PRF ADR	$43,463,624	$43,463,624
ITOCHU CORP	$10,596,275	$10,596,275
ITV PLC	$5,113,704	$5,113,704
JAFCO GROUP CO LTD	$65,125,091	$65,125,091
JAPAN POST HOLDINGS CO LTD	$36,712,092	$36,712,092
JAPAN PURE CHEMICAL CO LTD	$3,556,443	$3,556,443
JAPAN SMALLER CAPITALIZATION F	$3,113,575	$3,113,575
JCDECAUX SA	$3,107,469	$3,107,469
JD.COM INC CL A	$68,577,752	$68,577,752
JIANGSU HENGRUI MEDICINE C A	$72,123,063	$72,123,063
JOHN HANCOCK INCOME SECURITIES	$94,380	$94,380
JOHN WOOD GROUP PLC	$1,936,768	$1,936,768
JOLLIBEE FOODS CORP	$12,116,761	$12,116,761
JPMORGAN ASIA GROWTH + INCOME	$12,014,200	$12,014,200
JPMORGAN CHASE + CO	$3,761,272	$3,761,272
JPMORGAN CHINA GROWTH + INCOME	$8,929,827	$8,929,827
JPMORGAN EMERGING MARKETS INVE	$36,732,489	$36,732,489
JPMORGAN EUROPEAN INVESTMENT T	$2,905,095	$2,905,095
JPMORGAN EUROPEAN SMALLER COS	$8,734,936	$8,734,936
JPMORGAN GLOBAL EMERGING MARKE	$4,675,254	$4,675,254
JPMORGAN INDIAN INVESTMENT TRU	$22,050,947	$22,050,947
JPMORGAN JAPAN SMALL CAP GROWT	$2,884,643	$2,884,643
JPMORGAN JAPANESE INVESTMENT T	$10,907,474	$10,907,474
JUPITER FUND MANAGEMENT	$2,446,130	$2,446,130
JUST EAT TAKEAWAY	$4,426,934	$4,426,934
K S HOLDINGS CORP	$17,787,790	$17,787,790
KADOKAWA CORP	$21,818,175	$21,818,175
KAKAKU.COM INC	$66,358,148	$66,358,148
KAMIGUMI CO LTD	$20,973,897	$20,973,897
KANAMOTO CO LTD	$9,109,113	$9,109,113
KANDENKO CO LTD	$16,911,231	$16,911,231
KANEMATSU CORP	$16,851,464	$16,851,464
KANGDE XIN COMPOSITE MATER A	$5,396,952	$5,396,952
KAO CORP	$103,364,134	$103,364,134
KATAKURA INDUSTRIES CO LTD	$4,508,693	$4,508,693
KDDI CORP	$7,637,902	$7,637,902
KELLY TOPCO LIMITED	$773,186	$773,186
KENEDIX INC	$11,835,998	$11,835,998
KEYENCE CORP	$82,748,801	$82,748,801
KEYSTONE INVESTMENT TRUST PLC	$1,564,339	$1,564,339
KINDEN CORP	$35,777,035	$35,777,035
KIRIN HOLDINGS CO LTD	$196,242,944	$196,242,944
KOC HOLDING AS	$10,107,914	$10,107,914
KOKUYO CO LTD	$15,966,487	$15,966,487
KOMATSU LTD	$43,892,363	$43,892,363
KONINKLIJKE AHOLD DELHAIZE N	$4,822,512	$4,822,512
KONINKLIJKE KPN NV	$3,414,214	$3,414,214
KONINKLIJKE PHILIPS NV	$5,504,761	$5,504,761
KONOIKE TRANSPORT CO LTD	$10,654,062	$10,654,062
KOREA FUND INC/THE	$9,916,537	$9,916,537
KUREHA CORP	$13,730,931	$13,730,931
KWEICHOW MOUTAI CO LTD A	$60,463,345	$60,463,345
KYOCERA CORP	$25,286,844	$25,286,844
KYOWA EXEO CORP	$15,656,981	$15,656,981
KYUDENKO CORP	$7,779,515	$7,779,515
L OCCITANE INTERNATIONAL SA	$8,168,925	$8,168,925
LEGRAND SA	$8,054,532	$8,054,532
LEXINFINTECH HOLDINGS L ADR	$14,866,442	$14,866,442
LG CORP	$33,047,017	$33,047,017
LIBERTY GLOBAL PLC C	$86,070,604	$86,070,604
LIBERTY GLOBAL PLC A	$51,334,653	$51,334,653
LIBERTY LATIN AMERIC CL A	$3,076,811	$3,076,811
LIBERTY LATIN AMERIC CL C	$7,507,697	$7,507,697
LIXIL CORP	$50,082,972	$50,082,972
LLOYDS BANKING GROUP PLC	$7,514,767	$7,514,767
LOCKHEED MARTIN CORP	$2,094,382	$2,094,382
LOGITECH INTERNATIONAL REG	$4,587,940	$4,587,940
LOWE S COS INC	$2,728,670	$2,728,670
MACQUARIE GLOBAL INFRASTRUCTUR	$212,091	$212,091
MACROMILL INC	$7,286,319	$7,286,319
MAEDA CORP	$26,873,620	$26,873,620
MANDOM CORP	$11,084,818	$11,084,818
MARUI GROUP CO LTD	$6,000,511	$6,000,511
MARUICHI STEEL TUBE LTD	$12,906,055	$12,906,055
MASAN CONSUMER CORP	$1,799,363	$1,799,363
MATSUMOTOKIYOSHI HOLDINGS CO	$7,121,313	$7,121,313
MAXELL HOLDINGS LTD	$16,151,448	$16,151,448
MCCARTHY + STONE PLC	$505,545	$505,545
MEDIASET ESPANA COMUNICACION	$334,443	$334,443
MEDIPAL HOLDINGS CORP	$60,521,087	$60,521,087
MEGMILK SNOW BRAND CO LTD	$20,769,250	$20,769,250
MELCO INTERNATIONAL DEVELOP.	$10,879,437	$10,879,437
MELCO RESORTS + ENTERT ADR	$143,410	$143,410
MERCK + CO. INC.	$2,372,200	$2,372,200
MEXICO FUND INC/THE	$10,048,870	$10,048,870
MFS CHARTER INCOME TRUST	$53,006	$53,006
MFS GOVERNMENT MARKETS INCOME	$128,006	$128,006
MFS INTERMEDIATE INCOME TRUST	$701,010	$701,010
MGM CHINA HOLDINGS LTD	$7,887,022	$7,887,022
MIDDLEFIELD CANADIAN INCOME PC	$967,707	$967,707
MIDEA GROUP CO LTD A	$146,784,053	$146,784,053
MILITARY COMMERCIAL JOINT	$5,226,453	$5,226,453
MILLER/HOWARD HIGH DIVIDEND FU	$400,272	$400,272
MINEBEA MITSUMI INC	$2,664,017	$2,664,017
MING YUAN CLOUD GROUP HOLDIN	$25,990,289	$25,990,289
MIRAIT HOLDINGS CORP	$18,323,018	$18,323,018
MISUMI GROUP INC	$56,326,505	$56,326,505
MITSUBISHI ESTATE CO LTD	$22,752,956	$22,752,956
MITSUBISHI LOGISTICS CORP	$53,832,951	$53,832,951
MITSUBISHI UFJ FINANCIAL GRO	$54,357,825	$54,357,825
MODERN TIMES GROUP B SHS	$1,039,389	$1,039,389
MONTANARO EUROPEAN SMALLER COS	$881,981	$881,981
MORGAN STANLEY	$3,323,705	$3,323,705
MORGAN STANLEY CHINA A SHARE F	$3,248,851	$3,248,851
MORGAN STANLEY EMERGING MARKET	$1,373,553	$1,373,553
MORGAN STANLEY INDIA INVESTMEN	$9,553,917	$9,553,917
MS+AD INSURANCE GROUP HOLDIN	$15,393,927	$15,393,927
MURRAY INCOME TRUST PLC	$1,712,117	$1,712,117
NAGAILEBEN CO LTD	$13,313,728	$13,313,728
NAGASE + CO LTD	$18,962,662	$18,962,662
NAKANISHI INC	$32,437,687	$32,437,687
NASPERS LTD N SHS	$34,628,458	$34,628,458
NATIONAL EXPRESS GROUP PLC	$836,571	$836,571
NB GLOBAL MONTHLY INCOME FUND	$805,624	$805,624
NEC CORP	$41,478,231	$41,478,231
NET ONE SYSTEMS CO LTD	$38,848,525	$38,848,525
NETEASE INC ADR	$28,826,770	$28,826,770
NEW GERMANY FUND INC/THE	$2,390,244	$2,390,244
NEW HOPE LIUHE CO LTD A	$14,853,552	$14,853,552
NEW ORIENTAL EDUCATIO SP ADR	$36,609,958	$36,609,958
NEW WORLD DEVELOPMENT	$5,227,431	$5,227,431
NH FOODS LTD	$31,269,253	$31,269,253
NHK SPRING CO LTD	$15,943,629	$15,943,629
NIKKON HOLDINGS CO LTD	$9,563,716	$9,563,716
NIKON CORP	$12,610,780	$12,610,780
NINTENDO CO LTD	$8,033,881	$8,033,881
NIPPO CORP	$32,287,278	$32,287,278
NIPPON DENSETSU KOGYO CO LTD	$12,602,354	$12,602,354
NIPPON ELECTRIC GLASS CO LTD	$15,841,929	$15,841,929
NIPPON SEIKI CO LTD	$6,442,830	$6,442,830
NIPPON SHOKUBAI CO LTD	$15,031,527	$15,031,527
NIPPON STEEL CORP	$40,373,155	$40,373,155
NIPPON SUISAN KAISHA LTD	$10,307,843	$10,307,843
NIPPON TELEGRAPH + TELEPHONE	$118,688,130	$118,688,130
NIPPON TELEVISION HOLDINGS	$57,522,737	$57,522,737
NISSAN CHEMICAL CORP	$9,560,637	$9,560,637
NOMURA CO LTD	$4,405,033	$4,405,033
NOMURA HOLDINGS INC	$50,525,134	$50,525,134
NON STANDARD FINANCE PLC	$23,784	$23,784
NORDIC ENTERTAINMENT GROUP B	$3,238,576	$3,238,576
NORFOLK SOUTHERN CORP	$2,780,037	$2,780,037
NOVO NORDISK A/S B	$12,902,104	$12,902,104
NS SOLUTIONS CORP	$18,982,885	$18,982,885
NSD CO LTD	$28,309,175	$28,309,175
NSK LTD	$2,705,921	$2,705,921
NTT DATA CORP	$79,586,987	$79,586,987
NUVEEN AMT FREE MUNICIPAL CRED	$99,774	$99,774
NUVEEN AMT FREE QUALITY MUNICI	$2,082,426	$2,082,426
NUVEEN DOW 30SM DYNAMIC OVERWR	$79,785	$79,785
NUVEEN EMERGING MARKETS DEBT 2	$42,292	$42,292
NUVEEN GEORGIA QUALITY MUNICIP	$48,895	$48,895
NUVEEN INTERMEDIATE DURATION M	$657,440	$657,440
NUVEEN INTERMEDIATE DURATION Q	$331,145	$331,145
NUVEEN MARYLAND QUALITY MUNICI	$241,267	$241,267
NUVEEN MICHIGAN QUALITY MUNICI	$234,891	$234,891
NUVEEN MORTGAGE AND INCOME FUN	$41,181	$41,181
NUVEEN MUNICIPAL CREDIT INCOME	$57,661	$57,661
NUVEEN NEW JERSEY QUALITY MUNI	$223,655	$223,655
NUVEEN NEW YORK AMT FREE QUALI	$455,312	$455,312
NUVEEN PENNSYLVANIA QUALITY MU	$306,764	$306,764
NUVEEN QUALITY MUNICIPAL INCOM	$684,026	$684,026
OBAYASHI CORP	$45,793,472	$45,793,472
OBIC CO LTD	$49,252,448	$49,252,448
OCEAN WILSONS HOLDINGS LTD	$4,310,418	$4,310,418
OCI NV	$10,132,887	$10,132,887
OESTERREICHISCHE POST AG	$1,396,383	$1,396,383
OJI HOLDINGS CORP	$37,416,879	$37,416,879
OKUMURA CORP	$9,512,664	$9,512,664
OMRON CORP	$7,458,376	$7,458,376
ONWARD HOLDINGS CO LTD	$4,799,625	$4,799,625
ORACLE CORP	$2,574,662	$2,574,662
ORACLE CORP JAPAN	$76,391,883	$76,391,883
ORASCOM CONSTRUCTION PLC	$1,372,356	$1,372,356
ORION CORP/REPUBLIC OF KOREA	$35,739,350	$35,739,350
ORIX CORP	$21,229,492	$21,229,492
ORSTED A/S	$8,413,938	$8,413,938
PACIFIC ASSETS TRUST PLC/FUND	$3,505,480	$3,505,480
PACIFIC INDUSTRIAL CO LTD	$11,393,793	$11,393,793
PAGEGROUP PLC	$1,212,236	$1,212,236
PARAMOUNT BED HOLDINGS CO LT	$14,013,148	$14,013,148
PENTA OCEAN CONSTRUCTION CO	$44,001,626	$44,001,626
PEPSICO INC	$2,402,460	$2,402,460
PERNOD RICARD SA	$1,203,492	$1,203,492
PERSHING SQUARE HOLDINGS LTD/F	$4,598,029	$4,598,029
PERSOL HOLDINGS CO LTD	$5,173,200	$5,173,200
PETROFAC LTD	$135,416	$135,416
PETS AT HOME GROUP PLC	$2,143,132	$2,143,132
PFIZER INC	$1,509,210	$1,509,210
PGIM HIGH YIELD BOND FUND INC	$136,095	$136,095
PING AN INSURANCE GROUP CO A	$79,216,039	$79,216,039
PIOLAX INC	$5,369,752	$5,369,752
PIONEER MUNICIPAL HIGH INCOME	$471,265	$471,265
PLAYTECH PLC	$188,517	$188,517
PNB HOUSING FINANCE LTD	$157,969	$157,969
PNC FINANCIAL SERVICES GROUP	$2,920,400	$2,920,400
POSCO	$44,601,440	$44,601,440
PRONEXUS INC	$3,119,134	$3,119,134
PROSUS NV	$8,043,057	$8,043,057
PROVIDENT FINANCIAL PLC	$1,650,489	$1,650,489
PRUDENTIAL PLC	$1,125,704	$1,125,704
PULTEGROUP INC	$2,306,920	$2,306,920
QUADIENT SA	$613,711	$613,711
RAIZNEXT CORP	$9,698,041	$9,698,041
RANDSTAD NV	$1,121,351	$1,121,351
RATHBONE BROTHERS PLC	$571,009	$571,009
RAYTHEON TECHNOLOGIES CORP	$1,301,482	$1,301,482
RECKITT BENCKISER GROUP PLC	$8,277,433	$8,277,433
RELX PLC	$7,011,508	$7,011,508
REMGRO LTD	$21,222,838	$21,222,838
RENESAS ELECTRONICS CORP	$36,214,352	$36,214,352
RENEWABLES INFRASTRUCTURE GROU	$1,612,299	$1,612,299
REPLY SPA	$1,151,934	$1,151,934
RESONA HOLDINGS INC	$82,615,360	$82,615,360
RICOH LEASING CO LTD	$9,217,880	$9,217,880
RIGHTMOVE PLC	$11,422,191	$11,422,191
RIO TINTO PLC	$7,935,566	$7,935,566
RIT CAPITAL PARTNERS PLC/FUND	$2,124,091	$2,124,091
ROCHE HOLDING AG GENUSSCHEIN	$18,586,842	$18,586,842
ROHM CO LTD	$58,433,445	$58,433,445
ROLLS ROYCE HOLDINGS PLC	$3,494,122	$3,494,122
ROTORK PLC	$908,293	$908,293
RWS HOLDINGS PLC	$875,478	$875,478
SAIPEM SPA	$3,400,209	$3,400,209
SAMPO OYJ A SHS	$7,580,585	$7,580,585
SAMSUNG ELECTRONICS CO LTD	$131,146,777	$131,146,777
SAN A CO LTD	$42,603,618	$42,603,618
SANDVIK AB	$6,108,208	$6,108,208
SANKI ENGINEERING CO LTD	$8,224,127	$8,224,127
SANY HEAVY INDUSTRY CO LTD A	$89,140,853	$89,140,853
SCHIBSTED ASA B SHS	$1,266,508	$1,266,508
SCHIBSTED ASA CL A	$1,705,902	$1,705,902
SCHNEIDER ELECTRIC SE	$7,268,708	$7,268,708
SCHRODER ASIAPACIFIC FUND PLC	$23,665,433	$23,665,433
SCHRODER JAPAN GROWTH FUND PLC	$1,996,434	$1,996,434
SCHRODER UK MID CAP FUND PLC	$491,432	$491,432
SCHRODINGER INC	$552,808,156	$552,808,156
SCHRODINGER TBD	$725,620,802	$725,620,802
SCOTTISH INVESTMENT TRUST PLC	$1,692,771	$1,692,771
SCOTTISH MORTGAGE INVESTMENT T	$973,366	$973,366
SCOTTISH ORIENTAL SMALLER COMP	$19,052,090	$19,052,090
SCSK CORP	$10,937,673	$10,937,673
SECOM CO LTD	$14,573,468	$14,573,468
SEGA SAMMY HOLDINGS INC	$46,038,845	$46,038,845
SEINO HOLDINGS CO LTD	$18,672,817	$18,672,817
SEKISUI CHEMICAL CO LTD	$9,411,828	$9,411,828
SEKISUI HOUSE LTD	$16,271,974	$16,271,974
SEKISUI JUSHI CORP	$9,290,523	$9,290,523
SELECTED AMERICAN SHARES INC	$82,504,948	$82,504,948
SENKO GROUP HOLDINGS CO LTD	$4,965,447	$4,965,447
SEQUOIA ECONOMIC INFRASTRUCTUR	$861,758	$861,758
SERCO GROUP PLC	$4,814,619	$4,814,619
SEVEN + I HOLDINGS CO LTD	$41,599,440	$41,599,440
SHENGYI TECHNOLOGY CO LTD A	$73,271,650	$73,271,650
SHENZHOU INTERNATIONAL GROUP	$490,079	$490,079
SHIMANO INC	$59,626,384	$59,626,384
SHIMIZU CORP	$1,081,650	$1,081,650
SHIN ETSU CHEMICAL CO LTD	$75,361,054	$75,361,054
SHOEI CO LTD	$27,528,951	$27,528,951
SIGNATURE AVIATION PLC	$80,312,017	$80,312,017
SIKA AG REG	$1,031,866,011	$1,031,866,011
SINOMA SCIENCE+TECHNOLOGY A	$51,009,706	$51,009,706
SKY PERFECT JSAT HOLDINGS	$16,932,349	$16,932,349
SMITH + NEPHEW PLC	$1,147,141	$1,147,141
SOMPO HOLDINGS INC	$60,292,160	$60,292,160
SONOVA HOLDING AG REG	$3,283,930	$3,283,930
SPROTT FOCUS TRUST INC	$956,747	$956,747
SSP GROUP PLC	$5,734,571	$5,734,571
ST JAMES S PLACE PLC	$3,120,659	$3,120,659
STABILUS SA	$3,287,999	$3,287,999
STANDARD BANK GROUP LTD	$24,963,967	$24,963,967
STANDARD CHARTERED PLC	$543,116	$543,116
SUMITOMO BAKELITE CO LTD	$1,705,458	$1,705,458
SUMITOMO ELECTRIC INDUSTRIES	$40,746,834	$40,746,834
SUMITOMO FORESTRY CO LTD	$44,442,354	$44,442,354
SUMITOMO METAL MINING CO LTD	$5,685,775	$5,685,775
SUMITOMO MITSUI FINANCIAL GR	$48,459,947	$48,459,947
SUMITOMO MITSUI TRUST HOLDIN	$43,566,241	$43,566,241
SUMITOMO WAREHOUSE CO LTD	$11,186,982	$11,186,982
SUNAC SERVICES HOLDINGS LTD	$276,637	$276,637
SUZANO SA	$60,892,093	$60,892,093
SUZUKI MOTOR CORP	$24,413,698	$24,413,698
SVENSKA HANDELSBANKEN A SHS	$4,788,608	$4,788,608
SWISS HELVETIA FUND INC/THE	$503,134	$503,134
T HASEGAWA CO LTD	$33,284,053	$33,284,053
TACHI S CO LTD	$13,687,564	$13,687,564
TAIHEIYO CEMENT CORP	$57,385,217	$57,385,217
TAIKISHA LTD	$7,212,940	$7,212,940
TAISEI LAMICK CO LTD	$3,749,426	$3,749,426
TAIWAN FUND INC/THE/MD	$9,285,377	$9,285,377
TAIWAN SEMICONDUCTOR MANUFAC	$134,344,814	$134,344,814
TAKAMATSU CONSTRUCTION GROUP	$6,734,467	$6,734,467
TAKASAGO THERMAL ENGINEERING	$10,610,683	$10,610,683
TAKEDA PHARMACEUTICAL CO LTD	$39,268,473	$39,268,473
TAKUMA CO LTD	$13,846,822	$13,846,822
TARGET CORP	$3,345,244	$3,345,244
TATA CONSULTANCY SVCS LTD	$107,367,416	$107,367,416
TAYLOR WIMPEY PLC	$1,386,868	$1,386,868
TBS HOLDINGS INC	$30,713,352	$30,713,352
TDK CORP	$16,797,559	$16,797,559
TECHNICOLOR REGR	$1,098,804	$1,098,804
TECHNIPFMC PLC	$432,221	$432,221
TECHNOLOGY SELECT SECTOR SPDR	$6,370,980	$6,370,980
TECHNOPRO HOLDINGS INC	$4,455,325	$4,455,325
TEIJIN LTD	$15,182,527	$15,182,527
TELEPERFORMANCE	$2,903,559	$2,903,559
TELESITES SAB DE CV	$2,389,320	$2,389,320
TEMPLE BAR INVESTMENT TRUST PL	$988,633	$988,633
TEMPLETON DRAGON FUND INC	$40,931,275	$40,931,275
TEMPLETON EMERGING MARKETS FUN	$5,671,392	$5,671,392
TEMPLETON EMERGING MARKETS INV	$88,704,365	$88,704,365
TEMPLETON GLOBAL GROWTH FUND L	$1,552,136	$1,552,136
TEMPLETON GLOBAL INCOME FUND	$157,542	$157,542
TENARIS SA ADR	$20,965,382	$20,965,382
TENCENT HOLDINGS LTD	$97,047,119	$97,047,119
TESCO PLC	$4,327,763	$4,327,763
THALES SA	$1,826,738	$1,826,738
THE CHINA A SHARE CEF FUND	$9,655,122	$9,655,122
THERMO FISHER SCIENTIFIC INC	$2,643,302	$2,643,302
THIRD POINT INVESTORS LTD	$13,956,257	$13,956,257
TJX COMPANIES INC	$2,902,325	$2,902,325
TOAGOSEI CO LTD	$15,248,196	$15,248,196
TOCALO CO LTD	$8,240,975	$8,240,975
TODA CORP	$20,176,764	$20,176,764
TOHO CO LTD	$9,323,987	$9,323,987
TOHO HOLDINGS CO LTD	$26,085,636	$26,085,636
TOKAI RIKA CO LTD	$15,211,390	$15,211,390
TOKIO MARINE HOLDINGS INC	$42,825,938	$42,825,938
TOKYO GAS CO LTD	$5,643,369	$5,643,369
TOKYO OHKA KOGYO CO LTD	$35,567,098	$35,567,098
TOKYO SEIMITSU CO LTD	$14,064,507	$14,064,507
TONGCHENG ELONG HOLDINGS LTD	$7,502,080	$7,502,080
TOPPAN PRINTING CO LTD	$54,287,869	$54,287,869
TOPRE CORP	$8,039,372	$8,039,372
TOSEI CORP	$16,451,489	$16,451,489
TOTAL SE SPON ADR	$1,613,535	$1,613,535
TOYO INK SC HOLDINGS CO LTD	$11,465,931	$11,465,931
TOYO SEIKAN GROUP HOLDINGS L	$27,983,701	$27,983,701
TOYO SUISAN KAISHA LTD	$45,135,997	$45,135,997
TOYOTA INDUSTRIES CORP	$84,148,889	$84,148,889
TOYOTA MOTOR CORP	$88,005,214	$88,005,214
TR EUROPEAN GROWTH TRUST PLC	$6,461,237	$6,461,237
TRANE TECHNOLOGIES PLC	$2,453,204	$2,453,204
TRAVELEX TOPCO LIMITED	$60	$60
TRAVELEX TOPCO LIMITED	$123,825	$123,825
TRIP.COM GROUP LTD ADR	$5,746,277	$5,746,277
TRUIST FINANCIAL CORP	$3,167,933	$3,167,933
TRUWORTHS INTERNATIONAL LTD	$15,945,057	$15,945,057
TSUBAKIMOTO CHAIN CO	$9,701,099	$9,701,099
TUI AG DI	$2,664,030	$2,664,030
TURKCELL ILETISIM HIZMET AS	$26,662,417	$26,662,417
TV ASAHI HOLDINGS CORP	$17,207,613	$17,207,613
TWITTER INC	$14,751,543	$14,751,543
UBS GROUP AG REG	$704,680	$704,680
UNICHARM CORP	$41,180,078	$41,180,078
UNICREDIT SPA	$3,916,922	$3,916,922
UNILEVER PLC	$8,830,636	$8,830,636
UNIPRES CORP	$4,509,661	$4,509,661
UNITED PARCEL SERVICE CL B	$764,261,340	$764,261,340
UNITEDHEALTH GROUP INC	$2,211,037	$2,211,037
UTILICO EMERGING MARKETS TRUST	$14,721,318	$14,721,318
VANGUARD FTSE ALL WORLD EX US	$1,124,889	$1,124,889
VANGUARD FTSE EUROPE ETF	$2,986,639	$2,986,639
VANGUARD INTERMEDIATE TERM COR	$485,700	$485,700
VANGUARD MORTGAGE BACKED SECUR	$3,548,722	$3,548,722
VANGUARD TOTAL BOND MARKET ETF	$4,703,085	$4,703,085
VESTAS WIND SYSTEMS A/S	$20,230,139	$20,230,139
VICAT	$601,098	$601,098
VIETNAM DAIRY PRODUCTS JSC	$4,228,977	$4,228,977
VIETNAM ENTERPRISE INVESTMENTS	$214,344,474	$214,344,474
VIETNAM HOLDING LTD	$1,408,595	$1,408,595
VIETTEL POST JSC	$3,364,170	$3,364,170
VINACAPITAL VIETNAM OPPORTUNIT	$46,358,832	$46,358,832
VISA INC CLASS A SHARES	$3,062,220	$3,062,220
VISCOFAN SA	$3,332,022	$3,332,022
VOLKSWAGEN AG PREF	$4,307,253	$4,307,253
VOYA ASIA PACIFIC HIGH DIVIDEN	$4,735,997	$4,735,997
VOYA GLOBAL EQUITY DIVIDEND AN	$1,049,956	$1,049,956
WALMART DE MEXICO SAB DE CV	$50,175,083	$50,175,083
WALMART INC	$1,673,913,045	$1,673,913,045
WALT DISNEY CO/THE	$3,043,824	$3,043,824
WANHUA CHEMICAL GROUP CO A	$80,202,679	$80,202,679
WANT WANT CHINA HOLDINGS LTD	$23,961,412	$23,961,412
WARTSILA OYJ ABP	$1,583,303	$1,583,303
WASTE MANAGEMENT INC	$2,197,468,939	$2,197,468,939
WEICHAI POWER CO LTD A	$41,081,332	$41,081,332
WEISS KOREA OPPORTUNITY FUND L	$14,741,951	$14,741,951
WESTERN ASSET EMERGING MARKETS	$156,709	$156,709
WESTERN ASSET GLOBAL CORPORATE	$1,738,215	$1,738,215
WESTERN ASSET HIGH YIELD DEFIN	$1,607,550	$1,607,550
WESTERN ASSET INTERMEDIATE MUN	$68,080	$68,080
WH GROUP LTD	$6,279,655	$6,279,655
WH SMITH PLC	$3,801,173	$3,801,173
WIENERBERGER AG	$4,075,313	$4,075,313
WITAN INVESTMENT TRUST PLC	$2,221,135	$2,221,135
WPP PLC	$3,958,751	$3,958,751
WULIANGYE YIBIN CO LTD A	$28,833,520	$28,833,520
YAKULT HONSHA CO LTD	$2,392,368	$2,392,368
YAMATO KOGYO CO LTD	$16,010,461	$16,010,461
YIHAI INTERNATIONAL HOLDING	$40,029,792	$40,029,792
YODOGAWA STEEL WORKS LTD	$6,326,408	$6,326,408
YOKOGAWA ELECTRIC CORP	$19,681,556	$19,681,556
YUNNAN ENERGY NEW MATERIAL A	$82,072,253	$82,072,253
YUSHIN PRECISION EQUIPMENT	$4,636,946	$4,636,946
ZENKOKU HOSHO CO LTD	$14,251,199	$14,251,199
ZEON CORP	$22,920,238	$22,920,238
ZHEJIANG SATELLITE PETROCH A	$37,027,578	$37,027,578
ZHONGSHENG GROUP HOLDINGS	$92,275,128	$92,275,128
ZOOMLION HEAVY INDUSTRY S A	$54,549,289	$54,549,289
ZOOPLUS AG	$920,579	$920,579
ZOZO INC	$41,521,703	$41,521,703

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
US Govt Obligations Book Vl EOY	$6,180,952,834	USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV	$6,180,952,834	USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY	$21,819,387	StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV	$21,819,387	StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (824 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
1011778 BC UNLIMITED LBLTY CO	FMV	$2,780,336	$2,780,336
522 FUNDING CLO LTD	FMV	$247,516	$247,516
90DAY EUR FUTR JUN21	FMV	$109,229	$109,229
90DAY EUR FUTR DEC21	FMV	$152,578	$152,578
90DAY EUR FUTR MAR21	FMV	$41,991	$41,991
AAMES MORTGAGE INVESTMENT TRUS	FMV	$1,726,153	$1,726,153
ABU DHABI GOVT INT L	FMV	$4,946,099	$4,946,099
ACADEMY LTD	FMV	$338,385	$338,385
ACCESS GROUP INC	FMV	$1,285,330	$1,285,330
ACE SECURITIES CORP.	FMV	$2,191,248	$2,191,248
ADEVINTA ASA	FMV	$1,285,614	$1,285,614
ADJUSTABLE RATE MORTGAGE TRUST	FMV	$3,558,946	$3,558,946
AEGIS ASSET BACKED SECURITIES	FMV	$1,248,404	$1,248,404
AFFIDEA BV	FMV	$972,419	$972,419
AGL CLO 1 LTD.	FMV	$611,477	$611,477
AGL CLO 6 LTD	FMV	$733,121	$733,121
AI ALPINE AT BIDCO	FMV	$590,620	$590,620
ALBEA BEAUTY HOLDINGS S.A	FMV	$308,966	$308,966
ALISON BIDCO S A R L	FMV	$1,779,004	$1,779,004
ALISON BIDCO SARL	FMV	$367,892	$367,892
ALLEN MEDIA LLC	FMV	$1,243,574	$1,243,574
ALLIED UNIVERSAL HOLDCO LLC	FMV	$1,628,190	$1,628,190
ALLNEX LUXEMBOURG + CY S.C.A.	FMV	$2,849,324	$2,849,324
ALMONDE INC	FMV	$4,184,267	$4,184,267
ALPHA GROUP SARL	FMV	$2,378,878	$2,378,878
ALTICE FRANCE SA	FMV	$592,093	$592,093
AMC ENTMT INC SYNDICATED LNS	FMV	$317,452	$317,452
AMENTUM GOVERNMENT SRVCS HLDGS	FMV	$150,750	$150,750
AMENTUM GOVT SERVI HOLDGS LLC	FMV	$496,877	$496,877
AMER AIRLN 13 1 A PASS T	FMV	$3,430,997	$3,430,997
AMER SPORTS OYJ	FMV	$2,619,137	$2,619,137
AMERICAN AIRLS INC	FMV	$1	$1
AMERICAN EXPRESS CREDIT ACCOUN	FMV	$7,378,335	$7,378,335
AMERICAN HOME MORTGAGE ASSETS	FMV	$6,402,904	$6,402,904
AMERICAN HOME MORTGAGE INVESTM	FMV	$282,420	$282,420
AMERICAN HOMES 4 RENT	FMV	$711,987	$711,987
AMERICAN MONEY MANAGEMENT CORP	FMV	$1,221,887	$1,221,887
AMERICREDIT AUTOMOBILE RECEIVA	FMV	$3,449,474	$3,449,474
AMERIQUEST MORTGAGE SECURITIES	FMV	$9,106,916	$9,106,916
AMMERAAL BELTECH HOLDING B.V.	FMV	$3,003,693	$3,003,693
AMORTIZING RESIDENTIAL COLLATE	FMV	$9,632	$9,632
AMPHORA FINANCE LIMITED	FMV	$2,528,856	$2,528,856
AMSR TRUST	FMV	$1,449,172	$1,449,172
AMWINS GROUP INC	FMV	$19,855	$19,855
APCOA PARKING HOLDINGS GMBH	FMV	$1,256,708	$1,256,708
APEX CREDIT CLO LLC	FMV	$891,603	$891,603
API GROUP DE INC	FMV	$631,224	$631,224
APOLLO COML REAL ESTATE FIN IN	FMV	$679,874	$679,874
APPLEBEES/IHOP FUNDING LLC	FMV	$3,640,261	$3,640,261
ARES CLO LTD	FMV	$911,359	$911,359
ARI FLEET LEASE TRUST	FMV	$1,177,498	$1,177,498
ARMOR MCP	FMV	$6,470,125	$6,470,125
ASP TPI HLDGS INC	FMV	$477,832	$477,832
ASPLUNDH TREE EXPERT LLC	FMV	$249,844	$249,844
ASSET BACKED FUNDING CERTIFICA	FMV	$5,500,942	$5,500,942
ASSET BACKED SECURITIES CORP H	FMV	$2,346,382	$2,346,382
ASURION LLC	FMV	$4,207,916	$4,207,916
ATHENAHEALTH INC	FMV	$1,719,154	$1,719,154
AURIS LUXEMBOURG III SARL	FMV	$8,314,756	$8,314,756
AUST 10Y BOND FUT MAR21	FMV	$244,216	$244,216
AVAYA INC	FMV	$1,217,105	$1,217,105
AVERY POINT CLO LTD	FMV	$1,216,718	$1,216,718
AVERYS	FMV	$691,424	$691,424
AVIS BUDGET RENTAL CAR FUNDING	FMV	$28,769,258	$28,769,258
AVOLON TLB BORROWER 1 US LLC	FMV	$880,000	$880,000
AVS HOLDING GMBH	FMV	$1	$1
AZELIS FINANCE SA	FMV	$1,697,707	$1,697,707
BAHIA DE LAS ISLETAS SL	FMV	$756,552	$756,552
BANC OF AMERICA ALTERNATIVE LO	FMV	$4,228,316	$4,228,316
BANC OF AMERICA COMMERCIAL MOR	FMV	$2,780,395	$2,780,395
BANC OF AMERICA FUNDING CORPOR	FMV	$26,064,682	$26,064,682
BANC OF AMERICA MORTGAGE SECUR	FMV	$1,426,128	$1,426,128
BANFF MERGER SUB INC	FMV	$3,353,973	$3,353,973
BANIJAY ENTERTAINMENT SAS	FMV	$1,217,738	$1,217,738
BANK	FMV	$555,896	$555,896
BANNISTER HOLDGINGS LLC	FMV	$16,193	$16,193
BAYVIEW COMMERCIAL ASSET TRUST	FMV	$17,468,903	$17,468,903
BAYVIEW FINANCIAL ACQUISITION	FMV	$5,032,289	$5,032,289
BBCCRE TRUST	FMV	$1,656,752	$1,656,752
BCA MARKETPLACE PLC	FMV	$6,722,452	$6,722,452
BCAP LLC TRUST	FMV	$2,938,456	$2,938,456
BCC FUNDING CORP	FMV	$1,112,731	$1,112,731
BEAR STEARNS ADJUSTABLE RATE M	FMV	$1,088,268	$1,088,268
BEAR STEARNS ALT A TRUST	FMV	$4,403,125	$4,403,125
BEAR STEARNS ASSET BACKED SECU	FMV	$1,803,638	$1,803,638
BEAR STEARNS ASSET BACKED SECU	FMV	$8,861,456	$8,861,456
BEAR STEARNS COMMERCIAL MORTGA	FMV	$11,618,749	$11,618,749
BEAR STEARNS MORTGAGE FUNDING	FMV	$1,713,394	$1,713,394
BEAR STEARNS STRUCTURED PRODUC	FMV	$2,779	$2,779
BEAVER VISITEC INT INC	FMV	$1,680,132	$1,680,132
BELLA VISTA MORTGAGE TRUST	FMV	$97,619	$97,619
BENEFIT STREET PARTNERS CLO LT	FMV	$522,679	$522,679
BERRY GLOBAL INC	FMV	$337,378	$337,378
BETEILIGUNGSGESELLSCHAFT S.A.R	FMV	$960,183	$960,183
BFLD TRUST	FMV	$1,291,682	$1,291,682
BHMS MORTGAGE TRUST	FMV	$1,987,849	$1,987,849
BJS WHOLESALE CLUB INC	FMV	$110,255	$110,255
BLUEMOUNTAIN CLO LTD	FMV	$241,324	$241,324
BNG BANK NV	FMV	$4,832,982	$4,832,982
BOLUDA CORPORACION MARITIMA SL	FMV	$2,312,145	$2,312,145
BONCER	FMV	$128,946	$128,946
BONOS DE TESORERIA	FMV	$6,330,442	$6,330,442
BONOS Y OBLIG DEL ESTADO	FMV	$4,670,909	$4,670,909
BOUGHT AUD/SOLD USD	FMV	$136,261	$136,261
BOUGHT CAD/SOLD USD	FMV	$357,178	$357,178
BOUGHT CHF/SOLD USD	FMV	$64,433	$64,433
BOUGHT COP/SOLD USD	FMV	$858,352	$858,352
BOUGHT GBP/SOLD USD	FMV	$476,731	$476,731
BOUGHT IDR/SOLD USD	FMV	$265,654	$265,654
BOUGHT INR/SOLD USD	FMV	$62,199	$62,199
BOUGHT JPY/SOLD USD	FMV	$216,497	$216,497
BOUGHT KRW/SOLD USD	FMV	$149,612	$149,612
BOUGHT MXN/SOLD USD	FMV	$112,042,133	$112,042,133
BOUGHT NOK/SOLD USD	FMV	$16,566,710	$16,566,710
BOUGHT NZD/SOLD USD	FMV	$69,534	$69,534
BOUGHT SEK/SOLD USD	FMV	$20,964,017	$20,964,017
BOUGHT THB/SOLD USD	FMV	$12,725	$12,725
BOUGHT USD/SOLD BRL	FMV	$2,113,492	$2,113,492
BOUGHT USD/SOLD PEN	FMV	$133,365	$133,365
BOUGHT ZAR/SOLD USD	FMV	$284,722	$284,722
BOWMAN PARK CLO LTD	FMV	$79,335	$79,335
BRICKMAN GROUP LTD	FMV	$668,828	$668,828
BRIDGEWATER PURE ALPHA LEAD	FMV	$81,131,550	$81,131,550
BRISTOL PARK CLO, LTD.	FMV	$500,070	$500,070
BROOKFIELD WEC HOLDINGS INC	FMV	$481,828	$481,828
BX COMMERCIAL MORTGAGE TRUST 2	FMV	$1,432,308	$1,432,308
BX TRUST	FMV	$9,875,341	$9,875,341
CAESARS RESORT COLLECTION LLC	FMV	$2,440,354	$2,440,354
CALIFORNIA REPUBLIC AUTO RECEI	FMV	$1,237,103	$1,237,103
CAMB COMMERCIAL MORTGAGE TRUST	FMV	$1,242,549	$1,242,549
CANADA HOUSING TRUST	FMV	$520,459,536	$520,459,536
CANADA T BILL	FMV	$251,162,323	$251,162,323
CANADIAN GOVERNMENT	FMV	$12,685,242	$12,685,242
CANO HEALTH LLC	FMV	$298,875	$298,875
CAPITAL ONE MULTI ASSET EXECUT	FMV	$2,029,120	$2,029,120
CARLYLE GLOBAL MARKET STRATEGI	FMV	$465,929	$465,929
CARNIVAL CORPORATION	FMV	$4,603,336	$4,603,336
CARRINGTON MORTGAGE LOAN TRUST	FMV	$17,695,404	$17,695,404
CASINO GUICHARD PERRACHON SA	FMV	$790,583	$790,583
CASPER BIDCO SAS	FMV	$1,358,933	$1,358,933
CATSKILL PARK CLO, LTD.	FMV	$1,148,495	$1,148,495
CBS COMMERCIAL SMALL BALANCE C	FMV	$203,592	$203,592
CCP LUX HOLDING S.A. R.L.	FMV	$1,636,710	$1,636,710
CD COMMERCIAL MORTGAGE TRUST	FMV	$881,395	$881,395
CDS USD	FMV	$13,861,019	$13,861,019
CEDAR FUNDING LTD	FMV	$248,977	$248,977
CENT CLO LP	FMV	$2,191,460	$2,191,460
CENTEX HOME EQUITY	FMV	$686,400	$686,400
CEP IV INVESTMENT 16 S.A.R.L.	FMV	$1,967,351	$1,967,351
CERBA HEALTHCARE SAS	FMV	$2,404,276	$2,404,276
CERBERUS	FMV	$381,045	$381,045
CF HIPPOLYTA ISSUER LLC	FMV	$525,930	$525,930
CFCRE COMMERCIAL MORTGAGE TRUS	FMV	$957,711	$957,711
CFK TRUST	FMV	$2,229,755	$2,229,755
CHANGE HEALTHCARE HLDGS INC	FMV	$1,369,833	$1,369,833
CHARTER COMMUNICATIONS OPERATI	FMV	$2,027,967	$2,027,967
CHASE FUNDING LOAN ACQUISITION	FMV	$6,815,478	$6,815,478
CHEVY CHASE MORTGAGE FUNDING C	FMV	$361,713	$361,713
CHINA GOVERNMENT BOND	FMV	$298,209,912	$298,209,912
CHINA TREASURY BILL	FMV	$517,969,543	$517,969,543
CIM TRUST	FMV	$758,075	$758,075
CIT GROUP HOME EQUITY LOAN TRU	FMV	$10,718	$10,718
CITADEL SECURITIES LP	FMV	$1,575,398	$1,575,398
CITICORP RESIDENTIAL MORTGAGE	FMV	$8,066,285	$8,066,285
CITIGROUP COMMERCIAL MORTGAGE	FMV	$3,406,206	$3,406,206
CITIGROUP MORTGAGE LOAN TRUST	FMV	$4,500,632	$4,500,632
CITIGROUP MORTGAGE LOAN TRUST	FMV	$3,604,481	$3,604,481
CITIMORTGAGE ALTERNATIVE LOAN	FMV	$188,990	$188,990
CITYCENTER HLDGS LLC	FMV	$115,929	$115,929
COACH AMERICA HOLDINGS INC.	FMV	$1	$1
COLOUROZ INVESTMENT 1 GMBH	FMV	$1,382,541	$1,382,541
COLOUROZ INVESTMENT 2 LLC	FMV	$454,101	$454,101
COMM MORTGAGE TRUST	FMV	$11,037,272	$11,037,272
COMPASS IV LIMITED	FMV	$3,920,294	$3,920,294
CONSECO FINANCE SECURITIZATION	FMV	$161,888	$161,888
CONSECO FINANCIAL CORP	FMV	$317,833	$317,833
CONTIMORTGAGE HOME EQUITY LOAN	FMV	$314,965	$314,965
COOK PARK CLO, LTD	FMV	$234,403	$234,403
COTY INC	FMV	$2,823,862	$2,823,862
COUNTRYWIDE ALTERNATIVE LOAN T	FMV	$37,389,064	$37,389,064
COUNTRYWIDE ASSET BACKED CERTI	FMV	$11,124,799	$11,124,799
COUNTRYWIDE HOME EQUITY LOAN T	FMV	$972,340	$972,340
COUNTRYWIDE HOME LOANS	FMV	$9,030,956	$9,030,956
COVENTRY REAL ESTATE FUND LP	FMV	$69	$69
CREDIT BASED ASSET SERVICING A	FMV	$11,634,377	$11,634,377
CREDIT SUISSE COMMERCIAL MORTG	FMV	$1,470,315	$1,470,315
CREDIT SUISSE FIRST BOSTON MOR	FMV	$150,614	$150,614
CREDIT SUISSE MORTGAGE TRUST	FMV	$9,658,194	$9,658,194
CROWN FIN US INC	FMV	$2,105,233	$2,105,233
CROWN FINANCE US INC	FMV	$656,395	$656,395
CSAB MORTGAGE BACKED TRUST	FMV	$1,985,527	$1,985,527
CSAIL COMMERCIAL MORTGAGE TRUS	FMV	$807,905	$807,905
CSC HOLDINGS, LLC	FMV	$275,004	$275,004
CSMC 2019 RIO	FMV	$2,244,139	$2,244,139
CTC ACQUICO GMBH	FMV	$2,964,317	$2,964,317
CUMBERLAND PARK CLO LTD	FMV	$962,327	$962,327
CURIUM BIDCO SARL	FMV	$1,995,000	$1,995,000
CWGS GROUP LLC	FMV	$746,785	$746,785
DB MASTER FINANCE LLC	FMV	$1,823,936	$1,823,936
DCERT BUYER INC	FMV	$594,118	$594,118
DEERFIELD DAKOTA HOLDING LLC	FMV	$1,253,901	$1,253,901
DELL INTERNATIONAL LLC	FMV	$1,385,063	$1,385,063
DELTA 2 ( LUX ) SARL	FMV	$3,521,430	$3,521,430
DELTA AIR LINES INC	FMV	$1,473,678	$1,473,678
DEOLEO FINANCIAL LIMITED	FMV	$469,043	$469,043
DEUTSCHE ALT A SECURITIES INC	FMV	$1,739,861	$1,739,861
DEUTSCHE ALT A SECURITIES NIM	FMV	$2	$2
DEUTSCHE BANK COMMERCIAL MORTG	FMV	$5,150,839	$5,150,839
DEUTSCHE FINANCIAL CAPITAL SEC	FMV	$3,595,684	$3,595,684
DEUTSCHE MORTGAGE SECURITIES,	FMV	$436,970	$436,970
DEUTSCHLAND I/L BOND	FMV	$5,611,512	$5,611,512
DEXKO GLOBAL INC	FMV	$1,685,579	$1,685,579
DIAMOND (BC) B V	FMV	$3,678,839	$3,678,839
DISCOVER CARD EXECUTION NOTE T	FMV	$12,339,114	$12,339,114
DIVIDEND SOLAR LOANS LLC	FMV	$1,699,873	$1,699,873
DLG ACQUISITIONS LIMITED	FMV	$1,875,167	$1,875,167
DOMINOS PIZZA MASTER ISSUER LL	FMV	$527,226	$527,226
DONCASTERS FINANCE US LLC	FMV	$860,099	$860,099
DORNA SPORTS S.L.	FMV	$4,760,344	$4,760,344
DRIVE AUTO RECEIVABLES TRUST	FMV	$4,170,122	$4,170,122
DRYDEN SENIOR LOAN FUND	FMV	$1,129,957	$1,129,957
DSLA MORTGAGE LOAN TRUST	FMV	$488,670	$488,670
DT AUTO OWNER TRUST	FMV	$3,022,661	$3,022,661
EDELMAN FINL CTR LLC	FMV	$1,112,362	$1,112,362
EG GROUP LIMITED	FMV	$1,632,519	$1,632,519
ELEMENT MATERIALS TECH GROUP	FMV	$1,323,808	$1,323,808
ELLINGTON LOAN ACQUISITION TRU	FMV	$2,976,491	$2,976,491
ELYSIUM HEALTHCARE HOLD 3 LTD	FMV	$2,814,601	$2,814,601
EMC MORTGAGE LOAN TRUST	FMV	$1,199,595	$1,199,595
ENTERCOM MEDIA CORP	FMV	$299,622	$299,622
EQUIFIRST LOAN SECURITIZATION	FMV	$2,034,867	$2,034,867
ERH1P99.6250	FMV	$1,255,059	$1,255,059
EURO STOXX 50 MAR21	FMV	$2,679,536	$2,679,536
EURO-BOBL FUTURE MAR21	FMV	$495,556	$495,556
EURO-BTP FUTURE MAR21	FMV	$4,222,648	$4,222,648
EUROPEAN CAMPING GROUP SAS	FMV	$1,703,144	$1,703,144
EURO-SCHATZ FUT MAR21	FMV	$164,806	$164,806
EXC HLDGS III CORP	FMV	$584,520	$584,520
FANNIE MAE	FMV	$3,193,705	$3,193,705
FANNIE MAE CAS	FMV	$7,710,061	$7,710,061
FANNIEMAE ACES	FMV	$2,427,889	$2,427,889
FANNIEMAE STRIP	FMV	$23,250	$23,250
FED HM LN PC POOL C91981	FMV	$566,238	$566,238
FED HM LN PC POOL E04124	FMV	$382,894	$382,894
FED HM LN PC POOL G07921	FMV	$2,249,505	$2,249,505
FED HM LN PC POOL G08784	FMV	$1,709,163	$1,709,163
FED HM LN PC POOL G30615	FMV	$173,479	$173,479
FED HM LN PC POOL G60596	FMV	$1,289,087	$1,289,087
FED HM LN PC POOL G60722	FMV	$2,191,059	$2,191,059
FED HM LN PC POOL G61374	FMV	$427,380	$427,380
FED HM LN PC POOL G67713	FMV	$123,434	$123,434
FED HM LN PC POOL G67721	FMV	$285,857	$285,857
FED HM LN PC POOL J14240	FMV	$97	$97
FED HM LN PC POOL Q22877	FMV	$1,263,562	$1,263,562
FED HM LN PC POOL Q42019	FMV	$2,689,793	$2,689,793
FED HM LN PC POOL Q50003	FMV	$678,344	$678,344
FED HM LN PC POOL Q50962	FMV	$502,698	$502,698
FED HM LN PC POOL Q56007	FMV	$840,567	$840,567
FED HM LN PC POOL QA0127	FMV	$1,712,351	$1,712,351
FED HM LN PC POOL QA2141	FMV	$1,354,262	$1,354,262
FED HM LN PC POOL QA3570	FMV	$4,234,268	$4,234,268
FED HM LN PC POOL QA4404	FMV	$1,557,055	$1,557,055
FED HM LN PC POOL QA5485	FMV	$1,691,878	$1,691,878
FED HM LN PC POOL QA5555	FMV	$1,522,854	$1,522,854
FED HM LN PC POOL QA5557	FMV	$2,208,280	$2,208,280
FED HM LN PC POOL QA5567	FMV	$392,628	$392,628
FED HM LN PC POOL QA8518	FMV	$358,234	$358,234
FED HM LN PC POOL QA8791	FMV	$285,526	$285,526
FED HM LN PC POOL QA8958	FMV	$2,003,317	$2,003,317
FED HM LN PC POOL QB2634	FMV	$5,080,605	$5,080,605
FED HM LN PC POOL QB2668	FMV	$3,511,895	$3,511,895
FED HM LN PC POOL QB3716	FMV	$4,506,489	$4,506,489
FED HM LN PC POOL RA2141	FMV	$476,464	$476,464
FED HM LN PC POOL RA2658	FMV	$490,824	$490,824
FED HM LN PC POOL RA2895	FMV	$3,989,622	$3,989,622
FED HM LN PC POOL RA2959	FMV	$3,371,149	$3,371,149
FED HM LN PC POOL RA2970	FMV	$2,586,654	$2,586,654
FED HM LN PC POOL RA3474	FMV	$313,953	$313,953
FED HM LN PC POOL RB5015	FMV	$1,402,493	$1,402,493
FED HM LN PC POOL RD5034	FMV	$10,681,927	$10,681,927
FED HM LN PC POOL SD0247	FMV	$165,502	$165,502
FED HM LN PC POOL SD0422	FMV	$99,291	$99,291
FED HM LN PC POOL SD8082	FMV	$2,883,309	$2,883,309
FED HM LN PC POOL SD8104	FMV	$586,510	$586,510
FED HM LN PC POOL ZM2846	FMV	$95,013	$95,013
FED HM LN PC POOL ZS4646	FMV	$4,312,528	$4,312,528
FED HM LN PC POOL ZS4697	FMV	$222,041	$222,041
FED HM LN PC POOL ZS4712	FMV	$2,706,515	$2,706,515
FED HM LN PC POOL ZS8673	FMV	$152,947	$152,947
FED HM LN PC POOL ZT0794	FMV	$925,063	$925,063
FED HOME LN DISCOUNT NT	FMV	$749,964	$749,964
FED REPUBLIC OF BRAZIL	FMV	$3,394,898	$3,394,898
FEDERAL HOME LOAN BANK	FMV	$4,597,915	$4,597,915
FHLMC MULTIFAMILY STRUCTURED P	FMV	$1,942,681	$1,942,681
FINANCIAL RISK US HLDGS INC	FMV	$1,289,211	$1,289,211
FINANCIERE MENDEL SAS	FMV	$2,208,689	$2,208,689
FINANCIERE SUN S.A.S	FMV	$1,252,303	$1,252,303
FINASTRA USA, INC.	FMV	$3,083,004	$3,083,004
FINCO I LLC	FMV	$45,327	$45,327
FIRST ALLIANCE MORTGAGE LOAN T	FMV	$45,675	$45,675
FIRST EAGLE HOLDINGS INC	FMV	$990,483	$990,483
FIRST FRANKLIN MTG LOAN ASSET	FMV	$15,785,646	$15,785,646
FIRST HORIZON ALTERNATIVE MORT	FMV	$1,049,581	$1,049,581
FIRST HORIZON MORTGAGE PASS TH	FMV	$124,782	$124,782
FIRSTFED CORP MANUFACTURED HOU	FMV	$18,446	$18,446
FIRSTKEY HOMES 2020 SFR1 TRUST	FMV	$1,363,310	$1,363,310
FLAGSTAR MORTGAGE TRUST	FMV	$494,865	$494,865
FLINT GROUP GMBH	FMV	$2,481,704	$2,481,704
FLINT GROUP US LLC	FMV	$3,833,765	$3,833,765
FNMA POOL 100235	FMV	$1	$1
FNMA POOL 387770	FMV	$3,677,583	$3,677,583
FNMA POOL AL3471	FMV	$2,297,763	$2,297,763
FNMA POOL AL3673	FMV	$242,833	$242,833
FNMA POOL AL6598	FMV	$1,985,853	$1,985,853
FNMA POOL AL7047	FMV	$3,946,514	$3,946,514
FNMA POOL AL7501	FMV	$5,551,351	$5,551,351
FNMA POOL AL9546	FMV	$46,027	$46,027
FNMA POOL AM8674	FMV	$86,784	$86,784
FNMA POOL AN5796	FMV	$3,008,237	$3,008,237
FNMA POOL AR4792	FMV	$38,310	$38,310
FNMA POOL AS0044	FMV	$3,203,010	$3,203,010
FNMA POOL AS0070	FMV	$40,064	$40,064
FNMA POOL AS0645	FMV	$1,631,150	$1,631,150
FNMA POOL AS6789	FMV	$1,364,502	$1,364,502
FNMA POOL AS7372	FMV	$1,744,947	$1,744,947
FNMA POOL AS9588	FMV	$450,992	$450,992
FNMA POOL AT1929	FMV	$102,129	$102,129
FNMA POOL AT2016	FMV	$3,104,419	$3,104,419
FNMA POOL AT2032	FMV	$387,848	$387,848
FNMA POOL AT7420	FMV	$71,185	$71,185
FNMA POOL AT7427	FMV	$55,331	$55,331
FNMA POOL AU8600	FMV	$100,816	$100,816
FNMA POOL AY6181	FMV	$193,303	$193,303
FNMA POOL AZ2953	FMV	$2,531,435	$2,531,435
FNMA POOL BC0791	FMV	$1,685,570	$1,685,570
FNMA POOL BC1747	FMV	$1,959,313	$1,959,313
FNMA POOL BC9468	FMV	$2,116,540	$2,116,540
FNMA POOL BE2369	FMV	$2,842,538	$2,842,538
FNMA POOL BF0104	FMV	$263,079	$263,079
FNMA POOL BF0183	FMV	$146,668	$146,668
FNMA POOL BF0301	FMV	$80,275	$80,275
FNMA POOL BH4519	FMV	$120,320	$120,320
FNMA POOL BJ0258	FMV	$255,816	$255,816
FNMA POOL BJ2763	FMV	$41,095	$41,095
FNMA POOL BJ4604	FMV	$2,010,102	$2,010,102
FNMA POOL BJ6133	FMV	$59,432	$59,432
FNMA POOL BK7700	FMV	$738,280	$738,280
FNMA POOL BM1948	FMV	$251,903	$251,903
FNMA POOL BM4781	FMV	$131,725	$131,725
FNMA POOL BM4801	FMV	$2,420,771	$2,420,771
FNMA POOL BM4951	FMV	$839,964	$839,964
FNMA POOL BM5024	FMV	$4,139,822	$4,139,822
FNMA POOL BM5507	FMV	$1,427,022	$1,427,022
FNMA POOL BN2509	FMV	$328,672	$328,672
FNMA POOL BN6691	FMV	$743,089	$743,089
FNMA POOL BO0329	FMV	$1,777,344	$1,777,344
FNMA POOL BO2110	FMV	$1,905,932	$1,905,932
FNMA POOL BO2200	FMV	$1,136,284	$1,136,284
FNMA POOL BP1423	FMV	$1,628,517	$1,628,517
FNMA POOL BP7009	FMV	$309,401	$309,401
FNMA POOL BP8593	FMV	$1,836,074	$1,836,074
FNMA POOL BQ1327	FMV	$2,252,513	$2,252,513
FNMA POOL CA1053	FMV	$474,810	$474,810
FNMA POOL CA1565	FMV	$97,292	$97,292
FNMA POOL CA2047	FMV	$241,838	$241,838
FNMA POOL CA2471	FMV	$405,011	$405,011
FNMA POOL CA2482	FMV	$311,591	$311,591
FNMA POOL CA3055	FMV	$50,234	$50,234
FNMA POOL CA3842	FMV	$64,130	$64,130
FNMA POOL CA4033	FMV	$65,442	$65,442
FNMA POOL CA4435	FMV	$932,138	$932,138
FNMA POOL CA5164	FMV	$818,265	$818,265
FNMA POOL CA5561	FMV	$872,208	$872,208
FNMA POOL CA6053	FMV	$1,100,069	$1,100,069
FNMA POOL CA6871	FMV	$3,225,932	$3,225,932
FNMA POOL FM1219	FMV	$1,316,107	$1,316,107
FNMA POOL FM1241	FMV	$72,510	$72,510
FNMA POOL FM1458	FMV	$61,926	$61,926
FNMA POOL FM1468	FMV	$225,636	$225,636
FNMA POOL FM1727	FMV	$1,962,765	$1,962,765
FNMA POOL FM1756	FMV	$1,305,549	$1,305,549
FNMA POOL FM2158	FMV	$166,271	$166,271
FNMA POOL FM2804	FMV	$940,401	$940,401
FNMA POOL FM3023	FMV	$76,842	$76,842
FNMA POOL FM3158	FMV	$252,471	$252,471
FNMA POOL FM3542	FMV	$84,514	$84,514
FNMA POOL FM3753	FMV	$179,626	$179,626
FNMA POOL FM3957	FMV	$485,353	$485,353
FNMA POOL FM4165	FMV	$1,891,085	$1,891,085
FNMA POOL FM4281	FMV	$1,550,959	$1,550,959
FNMA POOL FM4532	FMV	$1,407,303	$1,407,303
FNMA POOL FM4795	FMV	$4,509,385	$4,509,385
FNMA POOL FM4959	FMV	$3,423,223	$3,423,223
FNMA POOL FM5265	FMV	$2,342,796	$2,342,796
FNMA POOL MA1029	FMV	$721,306	$721,306
FNMA POOL MA1200	FMV	$979,434	$979,434
FNMA POOL MA1417	FMV	$517,907	$517,907
FNMA POOL MA1547	FMV	$46,504	$46,504
FNMA POOL MA2737	FMV	$1,538,657	$1,538,657
FNMA POOL MA2866	FMV	$1,212,763	$1,212,763
FNMA POOL MA3088	FMV	$608,647	$608,647
FNMA POOL MA3149	FMV	$443,786	$443,786
FNMA POOL MA4012	FMV	$2,626,384	$2,626,384
FNMA POOL MA4031	FMV	$77,829	$77,829
FNMA POOL MA4119	FMV	$4,490,802	$4,490,802
FNMA POOL MA4126	FMV	$28,853,094	$28,853,094
FNMA POOL MA4148	FMV	$2,372,729	$2,372,729
FNMA POOL MA4210	FMV	$3,469,060	$3,469,060
FNMA TBA 15 YR 1.5	FMV	$7,938	$7,938
FNMA TBA 30 YR 2	FMV	$14,537	$14,537
FNMA TBA 30 YR 2.5	FMV	$7,046	$7,046
FOCUS FINANCIAL PARTNERS LLC	FMV	$1,873,618	$1,873,618
FORD CREDIT AUTO OWNER TRUST/F	FMV	$1,159,605	$1,159,605
FORD CREDIT FLOORPLAN MASTER O	FMV	$3,301,184	$3,301,184
FORTRESS CREDIT BSL LIMITED	FMV	$771,859	$771,859
FRAZIER HEALTHCARE V1	FMV	$1,003,205	$1,003,205
FREDDIE MAC	FMV	$278,516	$278,516
FREDDIE MAC SCRT	FMV	$13,392,608	$13,392,608
FREDDIE MAC STACR	FMV	$8,007,810	$8,007,810
FREDDIEMAC STRIP	FMV	$16,976	$16,976
FREMF MORTGAGE TRUST	FMV	$410,310	$410,310
FRESB MULTIFAMILY MORTGAGE PAS	FMV	$2,173,178	$2,173,178
FRONERI INTERNATIONAL PLC	FMV	$1,190,707	$1,190,707
FTSE 100 IDX FUT MAR21	FMV	$5,563,466	$5,563,466
FUGUE FINANCE B.V.	FMV	$4,882,930	$4,882,930
GAMMA INFRASTRUCTURE III B.V.	FMV	$1,202,138	$1,202,138
GARDA WORLD SECURITY CORPORATI	FMV	$412,239	$412,239
GCAT	FMV	$2,204,810	$2,204,810
GENESEE + WYOMING INC NEW	FMV	$1,726,296	$1,726,296
GFL ENVIRONMENTAL INC	FMV	$907,114	$907,114
GHD GESUNDHEITS GMBH DEUTCHLND	FMV	$606,422	$606,422
GLOBAL GARDEN PRODUCTS C SARL	FMV	$1,582,356	$1,582,356
GLOBAL GOOD FUND I	FMV	$1	$1
GLOBAL MEDICAL RESPONSE INC	FMV	$317,334	$317,334
GLOBAL TIMBER INV LTD	FMV	$1	$1
GLOBAL TIMBER INVESTORS 7	FMV	$199,052	$199,052
GM FINANCIAL SECURITIZED TERM	FMV	$15,205,833	$15,205,833
GMAC COMMERCIAL MORTGAGE SECUR	FMV	$1,648	$1,648
GMAC MORTGAGE CORPORATION LOAN	FMV	$828,110	$828,110
GMAC MORTGAGE CORPORATION LOAN	FMV	$567,371	$567,371
GMRF MORTGAGE ACQUISITION CO.,	FMV	$486,808	$486,808
GNMA II POOL 783298	FMV	$95,024	$95,024
GNMA II POOL 784849	FMV	$2,950,932	$2,950,932
GNMA II POOL 784905	FMV	$1,082,206	$1,082,206
GNMA II POOL 892950	FMV	$349,518	$349,518
GNMA II POOL 892951	FMV	$308,538	$308,538
GNMA II POOL BC1919	FMV	$1,625,030	$1,625,030
GNMA II POOL BS8546	FMV	$323,452	$323,452
GNMA II POOL BT0810	FMV	$1,973,388	$1,973,388
GNMA II POOL MA2961	FMV	$3,598,358	$3,598,358
GNMA II POOL MA3035	FMV	$1,851,191	$1,851,191
GNMA II POOL MA3104	FMV	$7,263,377	$7,263,377
GNMA II POOL MA3375	FMV	$154,435	$154,435
GNMA II POOL MA3376	FMV	$3,116,176	$3,116,176
GNMA II POOL MA3735	FMV	$1,968,258	$1,968,258
GNMA II POOL MA3873	FMV	$3,067,804	$3,067,804
GNMA II POOL MA4261	FMV	$148,801	$148,801
GNMA II POOL MA4381	FMV	$49,700	$49,700
GNMA II POOL MA4720	FMV	$1,824,608	$1,824,608
GNMA II POOL MA5192	FMV	$1,804,172	$1,804,172
GNMA II POOL MA5193	FMV	$1,138,834	$1,138,834
GNMA II POOL MA5529	FMV	$224,360	$224,360
GNMA II POOL MA5530	FMV	$1,301,338	$1,301,338
GNMA II POOL MA5712	FMV	$265,306	$265,306
GNMA II POOL MA6409	FMV	$2,061,118	$2,061,118
GNMA II POOL MA6656	FMV	$6,340,709	$6,340,709
GNMA II POOL MA6932	FMV	$1,258,377	$1,258,377
GNMA II TBA 30 YR 2	FMV	$8,074	$8,074
GNMA II TBA 30 YR 2.5	FMV	$7,500	$7,500
GNMA POOL 416602	FMV	$89,763	$89,763
GNMA POOL 458371	FMV	$1,349	$1,349
GNMA POOL 464846	FMV	$1,236	$1,236
GNMA POOL 466087	FMV	$3,653	$3,653
GNMA POOL 471947	FMV	$16,405	$16,405
GNMA POOL 484261	FMV	$4,034	$4,034
GNMA POOL 490627	FMV	$7,120	$7,120
GNMA POOL 490736	FMV	$5,318	$5,318
GNMA POOL 780873	FMV	$2,432	$2,432
GNMA POOL AB2583	FMV	$788,386	$788,386
GO DADDY OPER CO LLC	FMV	$69,433	$69,433
GOLD BARS CMDTY	FMV	$860,072,280	$860,072,280
GOLDEN NUGGET, INC.	FMV	$107,686	$107,686
GOLUB CAPITAL PARTNERS CLO LTD	FMV	$250,595	$250,595
GOVERNMENT NATIONAL MORTGAGE A	FMV	$21,938,636	$21,938,636
GREAT WOLF TRUST	FMV	$5,243,930	$5,243,930
GREEN TREE HOME IMPROVEMENT LO	FMV	$45	$45
GREENBRIAR CO INVESTMENT	FMV	$39,261,862	$39,261,862
GREENBRIAR COINVEST TP	FMV	$1	$1
GREENBRIAR EQUITY FUND III, LP	FMV	$147,433,483	$147,433,483
GREENBRIAR EQUITY FUND IV A	FMV	$149,298,009	$149,298,009
GREENBRIAR III A	FMV	$204,273,839	$204,273,839
GREENPOINT MORTGAGE FUNDING TR	FMV	$1,890,318	$1,890,318
GREYWOLF CLO LTD	FMV	$1,177,195	$1,177,195
GRIPPEN PARK CLO LTD	FMV	$1,000,136	$1,000,136
GRMT MORTGAGE LOAN TRUST	FMV	$28,617	$28,617
GS MORTGAGE BACKED SECURITIES	FMV	$2,466,730	$2,466,730
GS MORTGAGE SECURITIES CORP.	FMV	$17,493	$17,493
GS MORTGAGE SECURITIES TRUST	FMV	$6,464,546	$6,464,546
GSAA HOME EQUITY TRUST	FMV	$11,113,018	$11,113,018
GSAMP TRUST	FMV	$5,262,274	$5,262,274
GSMPS MORTGAGE LOAN TRUST	FMV	$661,893	$661,893
GSR MORTGAGE LOAN TRUST	FMV	$6,559,283	$6,559,283
GTI 8 INSTITUTIONAL INVESTORS	FMV	$114,367,700	$114,367,700
GTT COMMUNICATIONS INC	FMV	$1,086,594	$1,086,594
HALCYON LOAN ADVISORS FUNDING	FMV	$339,365	$339,365
HALSEYPOINT CLO 3, LTD.	FMV	$461,746	$461,746
HALSEYPOINT CLO I, LTD.	FMV	$505,361	$505,361
HARBOR FREIGHT TOOLS USA INC	FMV	$758,731	$758,731
HARBORVIEW MORTGAGE LOAN TRUST	FMV	$7,533,917	$7,533,917
HC GROUP HOLDINGS II INC	FMV	$592,764	$592,764
HCA INC	FMV	$74,924	$74,924
HELIOS SOFTWARE HOLDINGS INC	FMV	$2,304,286	$2,304,286
HERTZ VEHICLE FINANCING LLC	FMV	$7,701,330	$7,701,330
HILDENE COMMUNITY FUNDING CLO	FMV	$1,970,000	$1,970,000
HILDING ANDERS INTERNATIONAL A	FMV	$1,227,282	$1,227,282
HILTON WORLDWIDE FINANCE LLC	FMV	$1,093,822	$1,093,822
HNVR HOLDCO LIMITED	FMV	$2,176,181	$2,176,181
HOMAIR VACANCES	FMV	$334,904	$334,904
HOME EQUITY ASSET TRUST	FMV	$6,932,480	$6,932,480
HOMEBANC MORTGAGE TRUST	FMV	$109,868	$109,868
HONY CAPITAL FUND III	FMV	$2,682,996	$2,682,996
HOTELBEDS GROUP	FMV	$2,978,355	$2,978,355
HSI ASSET SECURITIZATION CORPO	FMV	$156,888	$156,888
IFCO MANAGEMENT GMBH	FMV	$2,437,703	$2,437,703
IHEARTCOMMUNICATIONS INC	FMV	$48,464	$48,464
IMAGINA MEDIA AUDIOVISUAL SL	FMV	$3,197,136	$3,197,136
IMM EUR FUT OPT MAR21P 99.8125	FMV	$15,031	$15,031
IMM EUR FUT OPT MAR22P 99.625	FMV	$38,238	$38,238
IMPAC CMB TRUST	FMV	$124,499	$124,499
IMPAC SECURED ASSETS CORP.	FMV	$103,532	$103,532
INDONESIA GOVERNMENT	FMV	$12,005,551	$12,005,551
INDYMAC IMSC MORTGAGE LOAN TRU	FMV	$3,798,835	$3,798,835
INDYMAC INDA MORTGAGE LOAN TRU	FMV	$4,390,813	$4,390,813
INEOS STYROLUTION GROUP GMBH	FMV	$2,675,906	$2,675,906
INFORMATICA LLC	FMV	$1,443,885	$1,443,885
INTERNATIONAL PARK HOLDINGS B.	FMV	$2,684,333	$2,684,333
INTRAWEST RESORTS HLDGS INC	FMV	$646,953	$646,953
ION TRADING TECHNOLOGIES SARL	FMV	$4,927,462	$4,927,462
IRIS BIDCO LIMITED	FMV	$950,482	$950,482
IRS MXN	FMV	$311,008	$311,008
IRS USD	FMV	$5,608,143	$5,608,143
JACKSON MILL CLO LTD	FMV	$1,498,897	$1,498,897
JAGUAR HLDG CO II	FMV	$1,044,757	$1,044,757
JAMESTOWN CLO LTD	FMV	$750,014	$750,014
JANE STREET GROUP LLC	FMV	$981,317	$981,317
JAPAN (20 YEAR ISSUE)	FMV	$698,337	$698,337
JAPAN GOVT CPI LINKED	FMV	$15,515,388	$15,515,388
JETBLUE AIRWAYS CORPORATION	FMV	$1,469,455	$1,469,455
JP MORGAN CHASE COMMERCIAL MOR	FMV	$23,068,165	$23,068,165
JP MORGAN MORTGAGE ACQUISITION	FMV	$4,164,334	$4,164,334
JP MORGAN MORTGAGE TRUST	FMV	$5,407,969	$5,407,969
JPMBB COMMERCIAL MORTGAGE SECU	FMV	$5,385,497	$5,385,497
JPN 10Y BOND(OSE) MAR21	FMV	$295,650	$295,650
KIRK BEAUTY ONE GMBH	FMV	$2,394,257	$2,394,257
KKR FINANCIAL CLO LTD	FMV	$1,820,269	$1,820,269
KURAMO AFRICA COINV III LP	FMV	$5,710,472	$5,710,472
KURAMO AFRICA FUND II L.P.	FMV	$15,448,078	$15,448,078
KURAMO AFRICA FUND III LP	FMV	$2,138,931	$2,138,931
KURAMO AFRICA OPPORTUNITY OFFS	FMV	$15,110,826	$15,110,826
LAVENDER TRUST	FMV	$3,171,944	$3,171,944
LCM LTD PARTNERSHIP	FMV	$236,240	$236,240
LEGACY MORTGAGE ASSET TRUST	FMV	$2,142,981	$2,142,981
LEGACY MORTGAGE ASSET TRUST	FMV	$1,926,631	$1,926,631
LEHMAN BANKRUPTCY BLACKROCK	FMV	$1	$1
LEHMAN MORTGAGE TRUST	FMV	$230,900	$230,900
LEHMAN XS NET INTEREST MARGIN	FMV	$1	$1
LEHMAN XS TRUST	FMV	$5,675,748	$5,675,748
LERNEN BIDCO LIMITED	FMV	$5,103,044	$5,103,044
LEVEL 3 FINANCING INC	FMV	$705,784	$705,784
LINEAGE LOGISTICS	FMV	$214,080,000	$214,080,000
LONG BEACH MORTGAGE LOAN TRUST	FMV	$1,524,466	$1,524,466
LORCA FINCO PLC	FMV	$3,247,141	$3,247,141
LSF10 IMPALA INV S.A R.L.	FMV	$109,707	$109,707
LSF10 XL BIDCO SCA	FMV	$3,217,519	$3,217,519
LUMINENT MORTGAGE TRUST	FMV	$5,785,206	$5,785,206
MA FINANCECO., LLC	FMV	$2,074,145	$2,074,145
MAGNETITE CLO LTD	FMV	$1,540,157	$1,540,157
MALAYSIA GOVERNMENT	FMV	$14,002,941	$14,002,941
MARATHON CLO LTD	FMV	$479,291	$479,291
MASTR ADJUSTABLE RATE MORTGAGE	FMV	$8,021,515	$8,021,515
MASTR ALTERNATIVE LOANS TRUST	FMV	$3,893,905	$3,893,905
MASTR ASSET BACKED SECURITIES	FMV	$4,690,033	$4,690,033
MASTR REPERFORMING LOAN TRUST	FMV	$120,404	$120,404
MCAFEE LLC	FMV	$1,369,636	$1,369,636
MEDIQ N.V.	FMV	$1,758,150	$1,758,150
MELLON RESIDENTIAL FUNDING COR	FMV	$251,236	$251,236
MERRILL LYNCH MORTGAGE INVESTO	FMV	$9,767,500	$9,767,500
MERRILL LYNCH MORTGAGE INVESTO	FMV	$7,383,219	$7,383,219
MEX BONOS DESARR FIX RT	FMV	$36,683,751	$36,683,751
MICHAELS STORES INC	FMV	$893,962	$893,962
MISTER CAR WASH HLDNGS INC	FMV	$1,451,692	$1,451,692
MKS CLO LTD	FMV	$497,482	$497,482
ML CFC COMMERCIAL MORTGAGE TRU	FMV	$165,755	$165,755
MLCC MORTGAGE INVESTORS INC	FMV	$966,359	$966,359
MMAF EQUIPMENT FINANCE LLC	FMV	$1,919,800	$1,919,800
MONROE CAPITAL BSL CLO LTD	FMV	$298,542	$298,542
MORGAN STANLEY BAML TRUST	FMV	$3,565,848	$3,565,848
MORGAN STANLEY CAPITAL I TRUST	FMV	$45,201	$45,201
MORGAN STANLEY CAPITAL INC	FMV	$6,216,627	$6,216,627
MORGAN STANLEY MORTGAGE LOAN T	FMV	$1,503,013	$1,503,013
MORGAN STANLEY MORTGAGE LOAN T	FMV	$3,091	$3,091
MORGAN STANLEY REREMIC TRUST	FMV	$5,548,913	$5,548,913
MORTGAGEIT TRUST	FMV	$2,164,006	$2,164,006
MOTION FINCO SARL	FMV	$3,190,367	$3,190,367
MPH ACQUISITION HLDGS LLC	FMV	$832,972	$832,972
MRCD 2019 PRKC MORTGAGE TRUST	FMV	$3,166,855	$3,166,855
MSCG TRUST	FMV	$1,714,283	$1,714,283
NASSAU LTD	FMV	$360,066	$360,066
NATIONSTAR HOME EQUITY LOAN TR	FMV	$769,160	$769,160
NATIXIS COMMERCIAL MORTGAGE SE	FMV	$2,936,369	$2,936,369
NAVIENT STUDENT LOAN TRUST	FMV	$2,126,360	$2,126,360
NEUBERGER BERMAN CLO LTD	FMV	$553,621	$553,621
NEW CENTURY HOME EQUITY LOAN T	FMV	$12,525,776	$12,525,776
NEW RESIDENTIAL MORTGAGE LOAN	FMV	$11,967,592	$11,967,592
NEWARK BSL CLO 2 LTD.	FMV	$898,958	$898,958
NEXSTAR BROADCASTING INC	FMV	$1,710,018	$1,710,018
NEXTGEAR FLOORPLAN MASTER OWNE	FMV	$2,627,558	$2,627,558
NEXUS BUYER LLC	FMV	$278,323	$278,323
NISSAN AUTO RECEIVABLES OWNER	FMV	$1,238,547	$1,238,547
NOMURA ASSET ACCEPTANCE CORPOR	FMV	$1,703,476	$1,703,476
NOMURA HOME EQUITY LOAN INC	FMV	$6,404,551	$6,404,551
NOTA DO TESOURO NACIONAL	FMV	$2,626,253	$2,626,253
NOVACAP S.A.	FMV	$3,429,576	$3,429,576
OAK HILL CREDIT PARTNERS	FMV	$410,359	$410,359
OAK STREET INVESTMENT GRADE NE	FMV	$731,921	$731,921
OAKTREE CLO LTD	FMV	$773,715	$773,715
OAKWOOD MORTGAGE INVESTORS INC	FMV	$410,558	$410,558
OCEAN TRAILS CLO	FMV	$629,119	$629,119
OCEAN TRAILS CLO IX	FMV	$1,625,722	$1,625,722
OCP CLO LTD	FMV	$790,983	$790,983
OCTAGON INVESTMENT PARTNERS 45	FMV	$900,856	$900,856
OHA LOAN FUNDING LTD	FMV	$520,628	$520,628
OPTION ONE MORTGAGE LOAN TRUST	FMV	$551,544	$551,544
ORBITER GROUP S.A R.L.	FMV	$3,584,671	$3,584,671
ORIGEN MANUFACTURED HOUSING	FMV	$755,986	$755,986
ORTHO CLINICAL DIAGNOSTICS SA	FMV	$1,254,053	$1,254,053
OWL ROCK CLO LTD	FMV	$869,996	$869,996
OWNIT MORTGAGE LOAN ASSET BACK	FMV	$2,578,376	$2,578,376
OZLM LTD	FMV	$237,960	$237,960
PANGAEA ONE	FMV	$1,060,930	$1,060,930
PARK PLACE SECURITIES INC	FMV	$4,522,822	$4,522,822
PARQUES REUNIDOS SAU	FMV	$3,041,776	$3,041,776
PARTY CITY HLDGS INC	FMV	$138,683	$138,683
PEER HOLDING B.V.	FMV	$1,627,874	$1,627,874
PET ACQUISITION MERGER SUB LLC	FMV	$1,533,750	$1,533,750
PETSMART INC	FMV	$89,746	$89,746
PHOENIX GUARANTOR INC	FMV	$858,039	$858,039
PHOENIX TRUST	FMV	$4,171,646	$4,171,646
PI LUX FINCO S.A R.L.	FMV	$3,032,874	$3,032,874
POPULAR ABS MORTGAGE PASS THRO	FMV	$4,751,119	$4,751,119
PRIME MORTGAGE TRUST	FMV	$66,079	$66,079
PRIME SECURITY SVCS BRWR LLC	FMV	$1,400,588	$1,400,588
PROGRESS RESIDENTIAL TRUST	FMV	$2,085,658	$2,085,658
PROVINCE OF QUEBEC	FMV	$5,844,512	$5,844,512
PROVINCIA DE BUENOS AIRE	FMV	$921,584	$921,584
RAAC SERIES	FMV	$26,187,265	$26,187,265
RACKSPACE HOSTING INC	FMV	$368,214	$368,214
RADNET MGMT INC	FMV	$149,550	$149,550
RBSGC MORTGAGE PASS THROUGH CE	FMV	$1,100,156	$1,100,156
REALOGY CORP	FMV	$136,645	$136,645
RECETTE CLO LLC	FMV	$252,732	$252,732
REGATTA VI FUNDING LTD.	FMV	$979,319	$979,319
REGIONALCARE HOSPITAL PARTNERS	FMV	$1,559,167	$1,559,167
RENAISSANCE HOME EQUITY LOAN T	FMV	$336,894	$336,894
REPUBLIC OF ARGENTINA	FMV	$2,915,844	$2,915,844
REPUBLIC OF COLOMBIA	FMV	$5,024,373	$5,024,373
REPUBLIC OF INDONESIA	FMV	$7,352,928	$7,352,928
REPUBLIC OF KENYA	FMV	$700,589	$700,589
REPUBLIC OF PANAMA	FMV	$4,499,661	$4,499,661
REPUBLIC OF PERU	FMV	$1,349,928	$1,349,928
REPUBLIC OF POLAND	FMV	$4,673,052	$4,673,052
REPUBLICA ORIENT URUGUAY	FMV	$2,599,671	$2,599,671
RESIDENTIAL ACCREDIT LOANS, IN	FMV	$11,239,939	$11,239,939
RESIDENTIAL ASSET MORTGAGE PRO	FMV	$1,463,584	$1,463,584
RESIDENTIAL ASSET MORTGAGE PRO	FMV	$327,848	$327,848
RESIDENTIAL ASSET SECURITIES C	FMV	$6,452,558	$6,452,558
RESIDENTIAL ASSET SECURITIZATI	FMV	$32,343	$32,343
RESIDENTIAL FUNDING MORTGAGE S	FMV	$1,380,960	$1,380,960
RESIDENTIAL FUNDING MTG SEC I	FMV	$1,835,205	$1,835,205
RESIDENTIAL FUNDING SECURITIES	FMV	$180,118	$180,118
REYNOLDS CONSUMER PRODUCTS LLC	FMV	$488,899	$488,899
REYNOLDS GROUP HLDGS INC	FMV	$21,767	$21,767
RICHMOND UK BIDCO LIMITED	FMV	$4,286,109	$4,286,109
RODENSTOCK GMBH	FMV	$3,111,258	$3,111,258
ROY BIDCO APS	FMV	$3,391,680	$3,391,680
SABEY DATA CENTER ISSUER LLC	FMV	$523,024	$523,024
SACO I TRUST	FMV	$565,551	$565,551
SANTANDER DRIVE AUTO RECEIVABL	FMV	$2,398,974	$2,398,974
SANTANDER REVOLVING AUTO LOAN	FMV	$3,455,037	$3,455,037
SARANAC CLO LTD	FMV	$846,343	$846,343
SASCO NET INTEREST MARGIN TRUS	FMV	$1,126,977	$1,126,977
SAUDI INTERNATIONAL BOND	FMV	$314,040	$314,040
SAXON ASSET SECURITIES TRUST	FMV	$11,254,478	$11,254,478
SCIENTIFIC GAMES INTL INC	FMV	$2,131,456	$2,131,456
SECURITIZED ASSET BACKED RECEI	FMV	$733,480	$733,480
SEDGWICK CLAIMS MGMT SVCS INC	FMV	$582,324	$582,324
SEQUOIA MORTGAGE TRUST	FMV	$3,763,230	$3,763,230
SGB SMIT MANAGEMENT GMBH	FMV	$1,555,373	$1,555,373
SIGULER GUFF BSS II LP	FMV	$12,516,896	$12,516,896
SILK BIDCO AS	FMV	$1,755,659	$1,755,659
SILVER ROCK CLO LTD	FMV	$1,284,057	$1,284,057
SINGAPORE GOVERNMENT	FMV	$26,699,483	$26,699,483
SK SPICE S.A.R.L.	FMV	$820,084	$820,084
SKYMILES IP LTD.	FMV	$393,429	$393,429
SLM STUDENT LOAN TRUST	FMV	$2,466,360	$2,466,360
SMALL BUSINESS ADMINISTRATION	FMV	$10,199,712	$10,199,712
SMB PRIVATE EDUCATION LOAN TRU	FMV	$5,511,313	$5,511,313
SOCIAL PROFESSIONAL LOAN PROGR	FMV	$659,085	$659,085
SONIC CAPITAL LLC	FMV	$994,603	$994,603
SOTERA HEALTH HOLDINGS LLC	FMV	$1,251,119	$1,251,119
SOUND POINT CLO LTD	FMV	$250,034	$250,034
SOUNDVIEW HOME EQUITY LOAN TRU	FMV	$1,248,050	$1,248,050
SOUTHERN PACIFIC SECURED ASSET	FMV	$18,898	$18,898
SOUTHOLD PROPERTIES INC	FMV	$5,750	$5,750
SPECIALTY UNDERWRITING + RESID	FMV	$129,353	$129,353
SPRINGER NATURE DEUTSCHLAND GM	FMV	$4,584,211	$4,584,211
STACK INFRASTRUCTURE ISSUER LL	FMV	$1,389,144	$1,389,144
STARFRUIT FINCO B V	FMV	$1,608,508	$1,608,508
STARS GROUP HLDGS BV	FMV	$134,108	$134,108
STARWOOD RETAIL PROPERTY TRUST	FMV	$25,200	$25,200
STATE OF QATAR	FMV	$2,149,600	$2,149,600
STORE MASTER FUNDING LLC	FMV	$1,121,214	$1,121,214
STRUCTURED ADJUSTABLE RATE MOR	FMV	$4,043,952	$4,043,952
STRUCTURED ASSET INVESTMENT LO	FMV	$6,152,682	$6,152,682
STRUCTURED ASSET MORTGAGE INVE	FMV	$17,301,917	$17,301,917
STRUCTURED ASSET SECURITIES CO	FMV	$656,958	$656,958
STRUCTURED ASSET SECURITIES CO	FMV	$12,319,522	$12,319,522
SUMMIT MATERIALS LLC	FMV	$237,638	$237,638
SUNSHINE INVESTMENTS BV	FMV	$2,794,417	$2,794,417
SUNSHINE LUXEMBOURG VII SARL	FMV	$3,136,743	$3,136,743
SUNTRUST ADJUSTABLE RATE MORTG	FMV	$1,135,618	$1,135,618
SUNTRUST ALTERNATIVE LOAN TRUS	FMV	$1,230,369	$1,230,369
SW AIRLINES 07 1 TRUST	FMV	$317,913	$317,913
SYMPHONY CLO LTD	FMV	$1,311,696	$1,311,696
SYNLAB BONDCO PLC	FMV	$1,828,644	$1,828,644
TACKLE S.A.R.L	FMV	$3,667,850	$3,667,850
TBA WESTERN/LEHMAN RECEIVABLE	FMV	$1	$1
TCI FLATIRON CLO LTD	FMV	$3,120,005	$3,120,005
TCI SYMPHONY CLO	FMV	$733,852	$733,852
TDC AS	FMV	$2,430,533	$2,430,533
TECHEM VERWALSELLCHAFT 675 MBH	FMV	$2,474,888	$2,474,888
TECHNICOLOR SA	FMV	$3,593,063	$3,593,063
TEKNI PLEX INC	FMV	$2,591,469	$2,591,469
TELE COLUMBUS AG	FMV	$4,124,409	$4,124,409
TELENET INT FINANCE SARL	FMV	$1,464,780	$1,464,780
TERWIN MORTGAGE TRUST	FMV	$2,816,856	$2,816,856
THAYER PARK CLO, LTD.	FMV	$673,616	$673,616
THG OPERATIONS HOLDINGS LTD	FMV	$1,532,940	$1,532,940
THOM EUROPE S.A.S	FMV	$1,058,248	$1,058,248
THORNBURG MORTGAGE SECURITIES	FMV	$1,554,270	$1,554,270
TITULOS DE TESORERIA	FMV	$13,958,520	$13,958,520
TKC HLDGS INC	FMV	$1,563,398	$1,563,398
TMF GROUP HOLDING B.V.	FMV	$2,248,526	$2,248,526
TOWD POINT MORTGAGE TRUST	FMV	$413,058	$413,058
TOWER SQUARE CAPITAL	FMV	$236,359	$236,359
TOWER SQUARE CAPITAL III	FMV	$4,441,818	$4,441,818
TOYOTA AUTO LOAN EXTENDED NOTE	FMV	$3,055,082	$3,055,082
TOYOTA AUTO RECEIVABLES OWNER	FMV	$635,772	$635,772
TRALEE CDO LTD	FMV	$959,030	$959,030
TRANS UNION LLC	FMV	$1,571,852	$1,571,852
TRANSDIGM INC	FMV	$1,444,754	$1,444,754
TRICON AMERICAN HOMES	FMV	$764,055	$764,055
TRS CHF	FMV	$168,700,649	$168,700,649
TRS USD	FMV	$80,527,367	$80,527,367
TRS USD	FMV	$236,684,836	$236,684,836
TUNSTALL GROUP HOLDINGS LTD	FMV	$1,454,047	$1,454,047
U.S. RENAL CARE, INC.	FMV	$471,038	$471,038
UBS BARCLAYS COMMERCIAL MORTGA	FMV	$462,443	$462,443
UBS COMMERCIAL MORTGAGE TRUST	FMV	$2,660,498	$2,660,498
UCFC MANUFACTURED HOUSING CONT	FMV	$61,119	$61,119
UFC HOLDINGS, LLC	FMV	$1,782,771	$1,782,771
ULTIMATE SOFTWARE GROUP INC	FMV	$265,412	$265,412
UNILABS HOLDING AB	FMV	$2,657,731	$2,657,731
UNIT4 NV	FMV	$2,135,483	$2,135,483
UNITED MEXICAN STATES	FMV	$14,443,640	$14,443,640
UNIVISION COMMUNICATIONS INC	FMV	$972,296	$972,296
US 10YR FUT OPTN FEB21C	FMV	$184,829	$184,829
US 2YR FUTR OPTN MAR21P 110.1	FMV	$74	$74
US 5YR FUTR OPTN MAR21C 128.5	FMV	$2,063	$2,063
US FOODS INC	FMV	$1,212,789	$1,212,789
US LONG BOND(CBT) MAR21	FMV	$2,222,012	$2,222,012
US ULTRA BOND CBT MAR21	FMV	$17,909	$17,909
VACALIANS GROUP	FMV	$1,986,494	$1,986,494
VALEO F1 COMPANY LTD IRELAND	FMV	$795,307	$795,307
VANTAGE DATA CENTERS LLC	FMV	$1,247,795	$1,247,795
VENTURE CDO LTD	FMV	$2,299,598	$2,299,598
VERISURE HOLDING AB	FMV	$7,032,915	$7,032,915
VERITAS US INC.	FMV	$4,897,306	$4,897,306
VERIZON OWNER TRUST	FMV	$898,438	$898,438
VERSCEND HLDG CORP	FMV	$315,326	$315,326
VFH PARENT LLC	FMV	$519,296	$519,296
VICI PPTYS 1 LLC	FMV	$530,415	$530,415
VIETNAM AZALEA FUND LIMITED	FMV	$1	$1
VIRGIN MEDIA BRISTOL LLC	FMV	$1,584,090	$1,584,090
VIRGIN MEDIA INVT HLDGS LTD	FMV	$7,465,506	$7,465,506
VIRGIN MEDIA SFA FINANCE LIMIT	FMV	$1	$1
VNO MORTGAGE TRUST	FMV	$2,181,916	$2,181,916
VOYA CLO LTD	FMV	$2,660,074	$2,660,074
VUE INTERNATIONAL BIDCO PLC	FMV	$3,431,318	$3,431,318
WAMU ASSET BACKED CERTIFICATES	FMV	$4,650,549	$4,650,549
WAMU MORTGAGE PASS THROUGH CER	FMV	$26,408,513	$26,408,513
WASHINGTON MUTUAL MORTGAGE PAS	FMV	$14,693,134	$14,693,134
WASHINGTON MUTUAL MSC MORTGAGE	FMV	$223,173	$223,173
WATERFALL COMMERCIAL MORTGAGE	FMV	$293,788	$293,788
WEBSTER PARK CLO LTD	FMV	$492,718	$492,718
WELLFLEET CLO LTD	FMV	$1,025,505	$1,025,505
WELLS FARGO ALTERNATIVE LOAN T	FMV	$605,675	$605,675
WELLS FARGO COMMERCIAL MORTGAG	FMV	$9,044,485	$9,044,485
WELLS FARGO MORTGAGE BACKED SE	FMV	$84,960	$84,960
WENDYS FUNDING LLC	FMV	$471,348	$471,348
WESTERN DIGITAL CORP	FMV	$342,066	$342,066
WESTWOOD GLOBAL INVESTMENTS SM	FMV	$76,040,243	$76,040,243
WF RBS COMMERCIAL MORTGAGE TRU	FMV	$16,686,592	$16,686,592
WHATABRANDS LLC	FMV	$1,538,797	$1,538,797
WHEELS SPV LLC	FMV	$422,503	$422,503
WHITEBOX CLO I LTD	FMV	$934,715	$934,715
WHITEHORSE LTD	FMV	$570,483	$570,483
WORLD OMNI AUTO RECEIVABLES TR	FMV	$10,109,985	$10,109,985
WYNN RESORTS LIMITED	FMV	$1,678,359	$1,678,359
ZAIS CLO 13, LIMITED	FMV	$544,650	$544,650
ZAIS MATRIX CDO I	FMV	$550,550	$550,550
ZAXBYS OPERATING COMPANY LLC	FMV	$1,510,000	$1,510,000
ZIGGO B V	FMV	$2,343,469	$2,343,469
ZIGGO FINANCE PARTNERSHIP BV	FMV	$724,751	$724,751

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Field	Value	IRS element (for citing)
Desc	TAXES RECEIVABLE - CURRENT	Desc
BOY Book Value	$9,533,262	BOYBookValueAmt
EOY Book Value	$44,066,554	EOYBookValueAmt
EOYFMV	$44,066,554	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
IRC SECTION 988 NET CURRENCY LOSS	$55,368,805	$0	$0
FEES, LICENSES, & PERMITS	$132	$0	$132
PENALTIES	$429	$0	$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (6 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
EQUITY PARTNERSHIP INVESTMENTS	$0	-$578,375,350	$0
INFLATION INDEX INCOME	$1,097,997	$1,097,997	$1,097,997
IRC SECTION 988 NET CURRENCY GAIN	$0	$61,316,632	$0
OTHER INCOME	$660,388	$660,388	$660,388
STATE TAX REFUNDS	$6,438	$0	$6,438
SWAP INCOME	$10,764,993	$10,764,993	$10,764,993

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAINS	Desc
Amt	$4,355,372,626	Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (54 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
BKR1NKSY0 WMT OTC 152.6515C	$0	$205,376
BKR1NL3V1 JAN21WMTUSC 151.1451	$0	$142,601
BKR1PJDH4 JAN21 US CALL	$0	$50,268
BKR1PN8T5 JAN21 US CALL	$0	$31,169
BKR1PNTN5 FDX US 316.5218	$0	$27,274
BOUGHT BRL/SOLD USD	$0	$2,145,854
BOUGHT HUF/SOLD USD	$0	$2,846
BOUGHT PEN/SOLD USD	$0	$1,630
BOUGHT USD/SOLD AUD	$0	$100,214
BOUGHT USD/SOLD CAD	$0	$110,799
BOUGHT USD/SOLD CHF	$0	$4,375,008
BOUGHT USD/SOLD COP	$0	$634,728
BOUGHT USD/SOLD EUR	$0	$15,667,536
BOUGHT USD/SOLD GBP	$0	$205,188
BOUGHT USD/SOLD HKD	$0	$7
BOUGHT USD/SOLD IDR	$0	$94,075
BOUGHT USD/SOLD JPY	$0	$337,215
BOUGHT USD/SOLD KRW	$0	$338,379
BOUGHT USD/SOLD MXN	$0	$37,028,075
BOUGHT USD/SOLD NOK	$0	$26,085
BOUGHT USD/SOLD NZD	$0	$1,633,591
BOUGHT USD/SOLD SAR	$0	$3,091
BOUGHT USD/SOLD SEK	$0	$69,099
BOUGHT USD/SOLD SGD	$0	$561,841
BOUGHT USD/SOLD THB	$0	$120,968
DEFERRED EXCISE TAXES	$161,464,146	$221,948,379
DJIA MINI E-CBOT MAR21	$0	$6,619,365
ERH1P100.125	$0	$313,765
EURO-BUND FUTURE MAR21	$0	$1,456,810
EURO-BUXL 30Y BND MAR21	$0	$2,236,286
EURO-OAT FUTURE MAR21	$0	$61,560
IMM EUR FUT OPT MAR21P 99.625	$0	$3,006
IMM EUR FUT OPT MAR22P 99.75	$0	$32,200
INCOME PAYABLES	$10,133,236	$2,528,690
IRS HUF	$0	$453,241
LONG GILT FUTURE MAR21	$0	$675,081
RXH1C186	$0	$76,426
S+P500 EMINI FUT MAR21	$0	$31,837,798
TOPIX INDX FUTR MAR21	$0	$54,049,587
TRS CHF	$0	$174,961,615
TRS USD	$0	$334,518,264
TRS USD	$0	$147,416,128
US 10YR FUT OPTN FEB21P	$0	$33,344
US 10YR FUT OPTN MAR21C	$0	$77,047
US 10YR FUT OPTN MAR21P	$0	$102,000
US 10YR NOTE (CBT)MAR21	$0	$554,171
US 10YR ULTRA FUT MAR21	$0	$6,299
US 2YR NOTE (CBT) MAR21	$0	$893,341
US 5YR NOTE (CBT) MAR21	$0	$2,975,438
US BOND FUTR OPTN FEB21C 174	$0	$50,625
US BOND FUTR OPTN FEB21C 180	$0	$17,813
US BOND FUTR OPTN FEB21P 170	$0	$7,750
US BOND FUTR OPTN MAR21C 179	$0	$121,500
US BOND FUTR OPTN MAR21C 180	$0	$94,500

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT CUSTODIAN SERVICES	$7,996,775	$7,996,775	$0
INVESTMENT FEES AND OTHER PORTFOLIO EXPENSES	$1,077,945	$1,077,945	$0
INVESTMENT MANAGEMENT FEES	$64,358,720	$64,358,720	$0
OTHER INVESTMENT EXPENSES	$762,000	$762,000	$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
DEFERRED EXCISE TAXES	$60,484,233	$0	$0
FOREIGN INCOME TAXES	$22,691,941	$22,691,941	$0
SECTION 4940 EXCISE TAXES	$47,466,708	$0	$0
STATE INCOME TAXES	$736	$10	$0

Transfers Frm Controlled Entities TransfersFrmControlledEntities

Transfers From Controlled Ent TransfersFromControlledEntGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	DescDesc	AmtAmt
GREENBRIAR EQUITY FUND III AIV SK NV LP
555 THEODORE FREMD AVE STE A-201	RYE	NY	10580	473805287	CASH DISTRIBUTION	$0
GREENBRIAR EQUITY FUND III AIV MM NV LP
555 THEODORE FREMD AVE STE A-201	RYE	NY	10580	811112433	CASH DISTRIBUTION	$0
GREENBRIAR EQUITY FUND III-A LP
555 THEODORE FREMD AVE STE A-201	RYE	NY	10580	461543216	CASH DISTRIBUTION	$8,337,171

Field	Value	IRS element (for citing)
Total	$5,452,288	TotalAmt

Transfers To Controlled Entities TransfersToControlledEntities

Transfers To Controlled Ent TransfersToControlledEntGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	DescDesc	AmtAmt
THE GLOBAL GOOD FUND I LLC
3150 139TH AVE SE	BELLEVUE	WA	98005	272796838	SEC. 721 CAPITAL CONTRIBUTION OF CASH.	$74,000,000
GREENBRIAR EQUITY FUND III-A LP
555 THEODORE FREMD AVE STE A-201	RYE	NY	10580	461543216	CASH CONTRIBUTION	$8,337,171

Field	Value	IRS element (for citing)
Total	$82,337,171	TotalAmt