Hartford Schroders Opportunistic Income Fund

 

 

  Schedule of Investments

  January 31, 2021 (Unaudited)

 

  Shares or Principal Amount   Market Value  

  Common Stocks - 17.2%

   
     Diversified Financials - 16.7%

 

    150,000        AGNC Investment Corp. REIT   $     2,340,000  
    250,000        Annaly Capital Management, Inc. REIT       2,030,000  
          

 

 

 
      4,370,000  
          

 

 

 
     Real Estate - 0.5%

 

    2,190        Kilroy Realty Corp. REIT       124,020  
          

 

 

 
     Total Common Stocks
    (cost $3,613,268)
  $     4,494,020  
          

 

 

 

Asset & Commercial Mortgage-Backed Securities - 108.7%

 

     Asset-Backed - Home Equity - 1.8%

 

$

    492,527        Master Asset Backed-Securities Trust
    0.43%, 05/25/2037, 1 mo. USD LIBOR + 0.300%(1)(2)
      458,577  
          

 

 

 
     Asset-Backed - Student Loan - 24.2%

 

     Income Contingent Student Loan

 

GBP

    997,709            1.32%, 07/24/2058, 12 mo. GBP LIBOR + 1.000%(3)(4)       1,358,869  
    830,541            1.33%, 07/24/2056, 12 mo. GBP LIBOR + 0.100%(2)(3)(4)       1,131,461  
     SLM Student Loan Trust

 

EUR

    1,076,534            0.00%, 10/25/2039, 3 mo. EURIBOR + 0.400%(2)(3)(4)       1,239,276  
    1,800,000            0.01%, 07/25/2039, 3 mo. EURIBOR + 0.550%(2)(3)(4)       2,079,212  

$

    10,000        Sofi Professional Loan Program LLC
    0.00%, 11/16/2048(1)(5)(6)(7)
      531,972  
          

 

 

 
      6,340,790  
          

 

 

 
     Commercial Mortgage-Backed Securities - 8.4%

 

    1,000,000        BF NYT Mortgage Trust
    2.63%, 12/15/2035, 1 mo. USD LIBOR + 2.500%(1)(2)
      989,965  
    1,220,302        Hospitality Mortgage Trust
    2.13%, 11/15/2036, 1 mo. USD LIBOR + 2.000%(1)(2)
      1,215,665  
          

 

 

 
      2,205,630  
          

 

 

 
     Other Asset-Backed Securities - 19.0%

 

    500,000        Bellemeade Re Ltd.
    3.03%, 04/25/2028, 1 mo. USD LIBOR + 2.900%(1)(2)
      502,040  
    233,039        CSMC Trust
    4.10%, 09/27/2066(1)(8)
      234,527  
     CWHEQ Revolving Home Equity Loan Trust

 

    822,647            0.27%, 01/15/2037, 1 mo. USD LIBOR + 0.140%(2)(4)       791,213  
    411,525            0.28%, 02/15/2037, 1 mo. USD LIBOR + 0.150%(2)       397,015  
    373,778            0.31%, 05/15/2036, 1 mo. USD LIBOR + 0.180%(2)       362,995  
    381,000        FirstKey Homes LLC
    3.64%, 09/17/2025(1)
      395,241  
    106,851        Legacy Mortgage Asset Trust
    4.00%, 12/28/2054(1)(8)
      107,864  
    362,884        Parliament Street Finance LLC
    5.50%, 08/13/2025(5)(6)
      361,976  
     Preston Ridge Partners Mortgage Trust LLC

 

    487,031            2.95%, 10/25/2025(1)(9)       489,162  
    411,302            2.98%, 02/25/2025(1)(9)       412,450  
    621,213            3.35%, 11/25/2024(1)(9)       623,993  
    278,406        VCAT LLC
    3.67%, 08/25/2050(1)(9)
      281,680  
          

 

 

 
          4,960,156  
          

 

 

 
     Whole Loan Collateral CMO - 55.3%

 

     Alba plc

 

GBP

    226,600            0.21%, 03/17/2039, 3 mo. GBP LIBOR + 0.170%(2)(3)       297,103  
    1,004,416            0.21%, 12/15/2038, 3 mo. GBP LIBOR + 0.170%(2)(3)(4)       1,339,821  

$

    450,000        Bank of America Funding Trust
    2.61%, 06/26/2035(1)(8)
      435,018  
    142,614        Bank of America Mortgage Trust
    3.12%, 07/25/2035(8)
      140,823  
    1,000,000        Bellemeade Re Ltd.
    3.23%, 04/25/2029, 1 mo. USD LIBOR + 3.100%(1)(2)
      1,003,135  


 

  Hartford Schroders Opportunistic Income Fund

 

 

  Schedule of Investments – (continued)

  January 31, 2021 (Unaudited)

 

  Shares or Principal Amount   Market Value  

$

    264,688        Eagle RE Ltd.
    1.93%, 04/25/2029, 1 mo. USD LIBOR + 1.800%(1)(2)
  $     265,041  

GBP

    45,443        Eurosail PRIME plc
    0.44%, 09/13/2045, 3 mo. GBP LIBOR + 0.400%(2)(3)
      60,750  
     Fannie Mae Connecticut Avenue Securities

 

$

    508,897            2.33%, 01/25/2030, 1 mo. USD LIBOR + 2.200%(2)       511,889  
    453,340            3.13%, 10/25/2029, 1 mo. USD LIBOR + 3.000%(2)       462,277  
    275,551            3.68%, 07/25/2029, 1 mo. USD LIBOR + 3.550%(2)       284,360  
    1,034,959            4.38%, 01/25/2029, 1 mo. USD LIBOR + 4.250%(2)       1,074,346  
    500,000        Freddie Mac REMIC Trust
    6.13%, 08/25/2050, 1 mo. USD LIBOR + 6.000%(1)(2)
      534,981  
    500,000        Home RE Ltd.
    3.38%, 05/25/2029, 1 mo. USD LIBOR + 3.250%(1)(2)
      489,103  
    446,757        IndyMac INDX Mortgage Loan Trust
    0.29%, 04/25/2037, 1 mo. USD LIBOR + 0.160%(2)
      421,244  

GBP

    803,809        Landmark Mortgage Securities plc
    0.31%, 04/17/2044, 3 mo. GBP LIBOR + 0.280%(2)(3)(4)
      1,051,659  
    825,035        Ludgate Funding plc
    0.23%, 12/01/2060, 3 mo. GBP LIBOR + 0.190%(2)(3)(4)
      1,090,476  

$

    1,000,000        Oaktown Re IV Ltd.
    7.13%, 07/25/2030, 1 mo. USD LIBOR + 7.000%(1)(2)
      1,046,997  
    489,370        Preston Ridge Partners Mortgage Trust LLC
    2.86%, 09/25/2025(1)(9)
      493,578  
    252,219        Radnor RE Ltd.
    2.08%, 02/25/2029, 1 mo. USD LIBOR + 1.950%(1)(2)
      252,691  
     RMAC Securities plc

 

GBP

    1,297,370            0.19%, 06/12/2044, 3 mo. GBP LIBOR + 0.150%(2)(3)(4)       1,712,820  
    968,370            0.21%, 06/12/2044, 3 mo. GBP LIBOR + 0.170%(2)(3)(4)       1,277,507  

$

    247,894        Wells Fargo Mortgage Backed Securities Trust
    3.18%, 10/25/2037(8)
      242,668  
          

 

 

 
      14,488,287  
          

 

 

 
     Total Asset & Commercial Mortgage-Backed Securities
    (cost $27,426,711)
  $     28,453,440  
          

 

 

 

Corporate Bonds - 10.2%

 

     Diversified Financial Services - 0.9%

 

    234,000        Quicken Loans LLC / Quicken Loans Co-Issuer, Inc.
    3.88%, 03/01/2031(1)
      237,218  
          

 

 

 
     Insurance - 9.3%

 

    952,313        Ambac LSNI LLC
    6.00%, 02/12/2023, 3 mo. USD LIBOR + 5.000%(1)(2)(4)
      955,884  
    1,319,000        NMI Holdings, Inc.
    7.38%, 06/01/2025(1)
      1,483,875  
          

 

 

 
      2,439,759  
          

 

 

 
     Total Corporate Bonds
    (cost $2,569,147)
  $     2,676,977  
          

 

 

 

U.S. Government Agencies - 4.6%

 

     Mortgage-Backed Agencies - 4.6%

 

     FHLMC - 2.3%

 

$

    493,883            1.50%, 11/01/2050   $     495,816  
    145,796            2.00%, 09/25/2050(7)       13,944  
    360,577            3.00%, 10/25/2050(7)       50,641  
    157,858            3.50%, 12/25/2050(7)       18,430  
    205,782            4.00%, 12/25/2050(7)       28,424  
          

 

 

 
      607,255  
          

 

 

 
     FNMA – 1.7%

 

$

    417,880        2.00%, 07/01/2050   $     431,144  
          

 

 

 
     GNMA - 0.6%

 

$

    233,530            2.00%, 11/20/2050(7)   $     27,324  
    1,175,567            2.50%, 11/20/2050(7)       141,074  
          

 

 

 
      168,398  
          

 

 

 


 

  Hartford Schroders Opportunistic Income Fund

 

 

  Schedule of Investments – (continued)

  January 31, 2021 (Unaudited)

 

  Shares or Principal Amount     Market Value  
   Total U.S. Government Agencies
    (cost $1,198,455)

 

  $      1,206,797  
          

 

 

 
   Total Long-Term Investments
    (cost $34,807,581)
     $      36,831,234  
          

 

 

 

Short-Term Investments - 1.0%

 
   Other Investment Pools & Funds - 1.0%

 

                265,711    Morgan Stanley Institutional Liquidity Funds, Treasury Portfolio, Institutional Class, 0.01%(10)

 

  $      265,711  
          

 

 

 
   Total Short-Term Investments
    (cost $265,711)

 

  $      265,711  
          

 

 

 
   Total Investments
    (cost $35,073,292)
     141.7   $      37,096,945  
   Other Assets and Liabilities      (41.7)        (10,910,923)  
     

 

 

      

 

 

 
   Total Net Assets      100.0   $      26,186,022  
     

 

 

      

 

 

 

Note: Percentage of investments as shown is the ratio of the total market value to total net assets.

The Fund may refer to any one or more of the industry classifications used by one or more widely recognized market indices, ratings group and/or as defined by Fund management. Industry classifications may not be identical across all security types.

For Fund compliance purposes, the Fund may not use the same classification system. These classifications are used for financial reporting purposes.

 

(1)

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions that are exempt from registration (typically only to qualified institutional buyers) or in a public offering registered under the Securities Act of 1933. At January 31, 2021, the aggregate value of these securities was $13,440,657, representing 51.3% of net assets.

(2)

Variable rate securities; the rate reported is the coupon rate in effect at January 31, 2021. Base lending rates may be subject to a floor or cap.

(3)

Security is exempt from registration under Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At January 31, 2021, the aggregate value of these securities was $12,638,954, representing 48.3% of net assets.

(4)

All, or a portion of the security, was pledged as collateral in connection with reverse repurchase agreements. As of January 31, 2021, the market value of securities pledged was $14,028,198.

(5)

Investment valued using significant unobservable inputs.

(6)

These securities are valued in good faith at fair value as determined under policies and procedures established by and under the supervision of the Board of Trustees. At January 31, 2021, the aggregate fair value of these securities was $893,948, which represented 3.4% of total net assets. This amount excludes securities that are principally traded in certain foreign markets and whose prices are adjusted pursuant to a third party pricing service methodology approved by the Board of Trustees.

(7)

Securities disclosed are interest-only strips.

(8)

Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

(9)

Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.

(10)

Current yield as of period end.

Reverse Repurchase Agreements Outstanding at January 31, 2021

                    Counterparty    Interest
Rate
     Settlement
Date
     Maturity
Date
         Principal
    Amount
     Value      Value
Including
Accrued
Interest
 

JP Morgan Chase Bank

     1.371%        12/11/20        03/10/2021        USD        (682,000)      $ (682,000)      $ (683,350)  

JP Morgan Chase Bank

     1.707%        11/27/20        02/24/2021        USD        (666,000)        (666,000)        (668,084)  

JP Morgan Chase Bank

     0.187%        11/12/20        02/12/2021        EUR        (1,451,280)            (1,761,200)            (1,761,939)  

JP Morgan Chase Bank

     0.627%        01/08/21        04/08/2021        GBP        (2,079,944)        (2,849,836)        (2,851,006)  

JP Morgan Chase Bank

     0.697%        11/20/20        02/19/2021        GBP        (1,227,233)        (1,681,493)        (1,683,805)  


 

  Hartford Schroders Opportunistic Income Fund

 

 

  Schedule of Investments – (continued)

  January 31, 2021 (Unaudited)

 

Merrill Lynch Mortgage Investors Trust

     0.250%        01/12/21        04/12/2021        EUR        (926,236)        (1,124,034)        (1,124,190)  

Merrill Lynch Mortgage Investors Trust

     1.000%        01/12/21        04/12/2021        GBP        (1,876,272)        (2,570,774)        (2,570,774)  
                 

 

 

    

 

 

 
Total reverse repurchase agreements                           $   (11,335,337)      $   (11,343,148)  
                 

 

 

    

 

 

 

Securities pledged as collateral against open reverse repurchase agreements are noted in the Schedule of Investments.

 

Foreign Currency Contracts Outstanding at January 31, 2021  
Amount and Description
of Currency to be
Purchased
     Amount and Description
of Currency to be
Sold
     Counterparty    Settlement
Date
   Appreciation      Depreciation  

461,562

  USD        380,725        EUR      JPM    02/17/2021              $            —        $       (627)  

2,225,199

  USD        1,629,639        GBP      JPM    02/17/2021                     (7,824)  
Total Foreign Currency Contracts      $            —        $    (8,451)  

† For information regarding the Fund’s significant accounting policies, please refer to the Fund’s most recent shareholder report.

 

GLOSSARY: (abbreviations used in preceding Schedule of Investments)

 

Counterparty Abbreviations:                

 

JPM

   JP Morgan Chase & Co.
Currency Abbreviations:                

 

EUR

   Euro

GBP

   British Pound

USD

   United States Dollar
Other Abbreviations:                

 

CMO

   Collateralized Mortgage Obligation

EURIBOR

   Euro Interbank Offered Rate

FHLMC

   Federal Home Loan Mortgage Corp.

FNMA

   Federal National Mortgage Association

GNMA

   Government National Mortgage Association

LIBOR

   London Interbank Offered Rate

PT

   Perseroan Terbatas

REIT

   Real Estate Investment Trust


 

Hartford Schroders Opportunistic Income Fund

 

 

  Schedule of Investments – (continued)

  January 31, 2021 (Unaudited)

 

Fair Value Summary

The following is a summary of the fair valuations according to the inputs used as of January 31, 2021 in valuing the Fund’s investments.

 

Description    Total      Level 1      Level 2      Level 3(1)  

Assets

 

Common Stocks

 

Diversified Financials

   $ 4,370,000        $       4,370,000       $ —       $ —   

Real Estate

     124,020          124,020         —         —   

Asset & Commercial Mortgage-Backed Securities

             28,453,440          —               27,559,492                 893,948   

Corporate Bonds

     2,676,977          —         2,676,977         —   

U.S. Government Agencies

     1,206,797          —         1,206,797         —   

Short-Term Investments

     265,711          265,711         —         —   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 37,096,945        $ 4,759,731       $ 31,443,266       $ 893,948   
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities

 

Foreign Currency Contracts(2)

   $ (8,451)       $ —       $ (8,451)      $ —   

Reverse Repurchase Agreements

     (11,335,337)         —         (11,335,337)        —   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ (11,343,788)       $ —       $ (11,343,788)      $ —   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

  (1)

For the period ended January 31, 2021, there were no transfers in and out of Level 3.

  (2)

Derivative instruments (excluding purchased and written options, if applicable) are valued at the unrealized appreciation/(depreciation) on the investments.

The following is a rollforward of the Fund’s investments that were valued using unobservable inputs (Level 3) for the period ending January 31, 2021:

 

     Asset &
Commercial
Mortgage Backed
Securities
    Total  

Beginning balance

   $ 1,084,946     $ 1,084,946  

Purchases

     -       -  

Sales

     -       -  

Accrued discounts/(premiums)

     -       -  

Total realized gain/(loss)

     (137,116     (137,116

Net change in unrealized appreciation/depreciation

     (53,881     (53,881

Transfers into Level 3

     -       -  

Transfers out of Level 3

     -       -  

Ending balance

   $ 893,949     $             893,949  

The change in net unrealized appreciation/depreciation relating to the Level 3 investments held at January 31, 2021 was $(53,881).


Hartford Schroders Opportunistic Income Fund (the “Fund”)

Notes to the Schedule of Investments

1. Investment Valuation and Fair Value Measurements:

For purposes of calculating the net asset value per share (“NAV”) of each class of the Fund, portfolio securities and other assets held in the Fund’s portfolio for which market prices are readily available are valued at market value. Market value is generally determined on the basis of official close price or last reported trade price. If no trades were reported, market value is based on prices obtained from a quotation reporting system, established market makers (including evaluated prices), or independent pricing services. Pricing vendors may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data, credit quality information, general market conditions, news, and other factors and assumptions.

If market prices are not readily available or are deemed unreliable, the Fund will use the fair value of the security or other instrument as determined in good faith under policies and procedures established by and under the supervision of the Board of the Trustees of the Fund (the “Board of Trustees”) (“Valuation Procedures”). Market prices are considered not readily available where there is an absence of current or reliable market-based data (e.g., trade information or broker quotes), including where events occur after the close of the relevant market, but prior to the NYSE Close, that materially affect the values of the Fund’s portfolio holdings or assets. In addition, market prices are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which the securities or other instruments trade do not open for trading for the entire day and no other market prices are available. Fair value pricing is subjective in nature and the use of fair value pricing by the Fund may cause its NAV to differ significantly from the NAV that would have been calculated using market prices at the close of the exchange on which a portfolio holding is primarily traded. There can be no assurance that the Fund could obtain the fair value assigned to an investment if the Fund were to sell the investment at approximately the time at which the Fund determines its NAV.

Prices of foreign equities that are principally traded on certain foreign markets will generally be adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close. Securities and other instruments that are primarily traded on foreign markets may trade on days that are not business days of the Fund. The value of the foreign securities or other instruments in which the Fund invests may change on days when a shareholder will not be able to purchase shares of the Fund.

Fixed income investments (other than short-term obligations) held by the Fund are normally valued at prices supplied by independent pricing services in accordance with the Valuation Procedures. Short-term investments maturing in 60 days or less are generally valued at amortized cost. Directly originated loans will be valued on an individual loan level and fair valuation of such loans will be performed using inputs that incorporate borrower level data, including significant events affecting the issuer or collateral, accruals, and market developments. The Fund expects to use a third-party valuation firm to value its loan investments, subject to oversight by Hartford Funds Management Company, LLC (“HFMC”) and the Board of Trustees in accordance with the Fund’s valuation policies and procedures. Directly originated loans categorized as Level 3 investments will be initially valued at their initial transaction price and subsequently valued using (i) market data for similar instruments (e.g., recent transactions or indicative broker quotes), (ii) comparisons to benchmark derivative indices and/or (iii) valuation models. An illiquidity discount is applied where appropriate. The unobservable inputs and assumptions may differ by asset and in the application of the Fund or its selected vendor’s valuation methodologies. The reported fair value estimates could vary materially if different unobservable inputs and other assumptions were chosen.

Exchange-traded derivatives, such as options, futures and options on futures, are valued at the last sale price determined by the exchange where such instruments principally trade as of the close of such exchange (“Exchange Close”). If a last sale price is not available, the value will be the mean of the most recently quoted bid and ask prices as of the Exchange Close. If a mean of the bid and ask prices cannot be calculated for the day, the value will be the most recently quoted bid price as of the Exchange Close. Over-the-counter derivatives are normally valued based on prices supplied by independent pricing services in accordance with the Valuation Procedures.

Investments valued in currencies other than U.S. dollars are converted to U.S. dollars using the prevailing spot exchange rates obtained from independent pricing services for calculation of the NAV. As a result, the NAV of the Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities or other instruments traded in markets outside the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the Exchange is closed and the market value may change on days when an investor is not able to purchase, exchange or request the repurchase of shares of the Fund.

Foreign currency contracts represent agreements to exchange currencies on specific future dates at predetermined rates. Foreign currency contracts are valued using foreign currency exchange rates and forward rates as provided by an independent pricing service on the Valuation Date.

Investments in open-end mutual funds are valued at the respective NAV of each open-end mutual fund on the Valuation Date. Shares of investment companies listed and traded on an exchange are valued in the same manner as


any exchange-listed equity security. Such open-end mutual funds and listed investment companies may use fair value pricing as disclosed in their prospectuses

Financial instruments for which prices are not available from an independent pricing service may be valued using market quotations obtained from one or more dealers that make markets in the respective financial instrument in accordance with the Valuation Procedures.

U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. The U.S. GAAP fair value measurement standards require disclosure of a fair value hierarchy for each major category of assets and liabilities. Various inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized into three broad hierarchy levels. This hierarchy is based on whether the valuation inputs are observable or unobservable.

These levels are:

• Level 1 – Quoted prices in active markets for identical investments. Level 1 may include exchange traded instruments, such as domestic equities, some foreign equities, options, futures, mutual funds, exchange traded funds, rights and warrants.

• Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar investments; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 2 may include debt investments that are traded less frequently than exchange traded instruments and which are valued using independent pricing services; foreign equities, which are principally traded on certain foreign markets and are adjusted daily pursuant to a fair value pricing service in order to reflect an adjustment for the factors occurring after the close of certain foreign markets but before the NYSE Close; senior floating rate interests, which are valued using an aggregate of dealer bids; short-term investments, which are valued at amortized cost; and swaps, which are valued based upon the terms of each swap contract.

• Level 3 – Significant unobservable inputs that are supported by limited or no market activity. Level 3 may include financial instruments whose values are determined using indicative market quotes or require significant management judgment or estimation. These unobservable valuation inputs may include estimates for current yields, maturity/duration, prepayment speed, and indicative market quotes for comparable investments along with other assumptions relating to credit quality, collateral value, complexity of the investment structure, general market conditions and liquidity. This category may include investments where trading has been halted or there are certain restrictions on trading. While these investments are priced using unobservable inputs, the valuation of these investments reflects the best available data and management believes the prices are a reasonable representation of exit price.

The Board of Trustees has delegated the day-to-day responsibility for implementing the Valuation Procedures to the Valuation Committee. The Valuation Committee will consider all relevant factors in determining an investment’s fair value, and may seek the advice of the Fund’s sub-advisers, as applicable, knowledgeable brokers, and legal counsel in making such determination. The Valuation Committee reports to the Audit Committee of the Board of Trustees.

Valuation levels are not necessarily indicative of the risk associated with investing in such investments. Individual investments within any of the above mentioned asset classes may be assigned a different hierarchical level than those presented above, as individual circumstances dictate.

For additional information, refer to the Fair Value Summary and the Level 3 roll-forward reconciliation, if applicable, which follows the Fund’s Schedule of Investments.

For information regarding a Fund’s other significant accounting policies, please refer to the Fund’s most recent Annual Report.

2. Secured Borrowings:

The following table reflects a breakdown of transactions accounted for as secured borrowings, the gross obligation by the type of collateral pledged, and the remaining contractual maturity of those transactions as of January 31, 2021.


Certain Transfers Accounted For As Secured Borrowings

Remaining Contractual Maturity of the Agreements

 

     Overnight and
Continuous
           <30 days          Between
30 & 90 days
         >90 days            Total

Reverse Repurchase Agreements

 

    Asset & Commercial Mortgage-Backed
    Securities

   $ —       $          3,442,694       $          7,226,643       $          —        $          10,669,337    

    Corporate Bonds

     —            666,000                   —             666,000  
  

 

 

      

 

 

 

    

 

 

 

    

 

 

      

 

 

 

Total Borrowings

   $             —       $          4,108,694     $          7,226,643     $                          —        $          11,335,337  
  

 

 

      

 

 

 

    

 

 

 

    

 

 

      

 

 

 

Gross amount of recognized liabilities for sale buy-back transactions

 

  $          11,335,337