|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes-67.00%
|
|
|
|
|
|
|
Agricultural & Farm Machinery-1.13%
|
|||||
|
John Deere Capital Corp. (SOFR + 0.44%)(b)
|
4.79%
|
03/06/2026
|
|
$10,000
|
$10,018,030
|
|
John Deere Capital Corp. (SOFR + 0.50%)(b)
|
4.85%
|
03/06/2028
|
|
10,000
|
9,982,106
|
|
|
|
|
|
|
20,000,136
|
|
Agricultural Products & Services-0.57%
|
|||||
|
Cargill, Inc. (SOFR + 0.61%)(b)(c)
|
4.95%
|
02/11/2028
|
|
10,000
|
10,007,923
|
|
Application Software-0.14%
|
|||||
|
Synopsys, Inc.
|
4.55%
|
04/01/2027
|
|
2,500
|
2,504,542
|
|
Asset Management & Custody Banks-2.48%
|
|||||
|
Blue Owl Capital Corp.
|
4.25%
|
01/15/2026
|
|
10,000
|
9,942,908
|
|
Mizuho Markets Cayman L.P. (Japan) (SOFR + 1.10%)(b)(c)
|
5.44%
|
11/21/2025
|
|
15,000
|
15,050,956
|
|
State Street Corp.(d)
|
4.54%
|
04/24/2028
|
|
1,432
|
1,435,721
|
|
State Street Corp. (SOFR + 0.64%)(b)
|
4.98%
|
10/22/2027
|
|
2,857
|
2,854,621
|
|
State Street Corp. (SOFR + 0.85%)(b)
|
5.18%
|
08/03/2026
|
|
14,458
|
14,520,297
|
|
|
|
|
|
|
43,804,503
|
|
Automobile Manufacturers-4.50%
|
|||||
|
American Honda Finance Corp. (SOFR + 0.72%)(b)
|
5.06%
|
10/05/2026
|
|
15,000
|
15,027,412
|
|
American Honda Finance Corp. (SOFR + 0.82%)(b)
|
5.16%
|
03/03/2028
|
|
10,000
|
10,004,149
|
|
Daimler Truck Finance North America LLC (Germany)(c)
|
5.13%
|
09/25/2027
|
|
5,905
|
5,964,892
|
|
Daimler Truck Finance North America LLC (Germany)(c)
|
5.60%
|
08/08/2025
|
|
6,450
|
6,458,435
|
|
Mercedes-Benz Finance North America LLC (Germany)(c)
|
4.80%
|
03/30/2026
|
|
11,104
|
11,128,849
|
|
Mercedes-Benz Finance North America LLC (Germany) (SOFR + 0.57%)(b)(c)
|
4.91%
|
08/01/2025
|
|
10,000
|
10,002,439
|
|
Volkswagen Group of America Finance LLC (Germany)(c)
|
3.95%
|
06/06/2025
|
|
1,000
|
999,897
|
|
Volkswagen Group of America Finance LLC (Germany) (SOFR + 0.83%)(b)(c)
|
5.18%
|
03/20/2026
|
|
10,000
|
10,015,377
|
|
Volkswagen Group of America Finance LLC (Germany)(c)
|
6.00%
|
11/16/2026
|
|
9,785
|
9,921,640
|
|
|
|
|
|
|
79,523,090
|
|
Automotive Retail-0.61%
|
|||||
|
BMW US Capital LLC (Germany) (SOFR + 0.80%)(b)(c)
|
5.14%
|
08/13/2026
|
|
10,811
|
10,850,507
|
|
Broadline Retail-0.25%
|
|||||
|
eBay, Inc.
|
1.40%
|
05/10/2026
|
|
4,500
|
4,370,316
|
|
Commercial & Residential Mortgage Finance-0.11%
|
|||||
|
Aviation Capital Group LLC(c)
|
4.75%
|
04/14/2027
|
|
1,936
|
1,929,419
|
|
Consumer Finance-3.25%
|
|||||
|
American Express Co. (SOFR + 1.35%)(b)
|
5.69%
|
10/30/2026
|
|
15,000
|
15,066,114
|
|
Capital One Financial Corp.
|
3.75%
|
03/09/2027
|
|
6,081
|
6,006,071
|
|
General Motors Financial Co., Inc.
|
5.00%
|
07/15/2027
|
|
3,333
|
3,336,868
|
|
General Motors Financial Co., Inc. (SOFR + 1.17%)(b)
|
5.53%
|
04/04/2028
|
|
10,000
|
9,877,271
|
|
Toyota Motor Credit Corp. (SOFR + 0.65%)(b)
|
4.99%
|
01/05/2026
|
|
15,000
|
15,026,315
|
|
Toyota Motor Credit Corp.
|
5.40%
|
11/20/2026
|
|
8,000
|
8,125,699
|
|
|
|
|
|
|
57,438,338
|
|
Diversified Banks-27.06%
|
|||||
|
Australia and New Zealand Banking Group Ltd. (Australia) (SOFR + 0.81%)(b)(c)
|
5.15%
|
01/18/2027
|
|
14,000
|
14,104,502
|
|
Bank of America N.A.
|
5.53%
|
08/18/2026
|
|
15,000
|
15,195,968
|
|
Bank of Montreal (Canada) (SOFR + 0.76%)(b)
|
5.10%
|
06/04/2027
|
|
10,000
|
10,012,586
|
|
Bank of Montreal (Canada) (SOFR + 0.95%)(b)
|
5.30%
|
09/25/2025
|
|
15,000
|
15,031,296
|
|
Bank of New York Mellon (The) (SOFR + 0.71%)(b)
|
5.05%
|
04/20/2027
|
|
3,311
|
3,320,906
|
|
Bank of Nova Scotia (The) (Canada) (SOFR + 1.09%)(b)
|
5.44%
|
06/12/2025
|
|
20,000
|
20,006,424
|
|
Barclays Bank PLC (United Kingdom) (SOFR + 0.58%)(b)
|
4.92%
|
08/14/2026
|
|
12,000
|
11,946,743
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Diversified Banks-(continued)
|
|||||
|
Canadian Imperial Bank of Commerce (Canada) (SOFR + 0.93%)(b)
|
5.28%
|
09/11/2027
|
|
$10,000
|
$10,020,534
|
|
Canadian Imperial Bank of Commerce (Canada) (SOFR + 1.22%)(b)
|
5.57%
|
10/02/2026
|
|
15,000
|
15,096,372
|
|
Citigroup, Inc.(d)
|
4.64%
|
05/07/2028
|
|
10,000
|
9,986,227
|
|
Commonwealth Bank of Australia (Australia) (SOFR + 0.75%)(b)(c)
|
5.10%
|
03/13/2026
|
|
14,512
|
14,558,571
|
|
Cooperatieve Rabobank U.A. (SOFR + 0.59%)(b)
|
4.93%
|
05/27/2027
|
|
8,571
|
8,581,751
|
|
Cooperatieve Rabobank U.A. (Netherlands) (SOFR + 0.62%)(b)
|
4.96%
|
08/28/2026
|
|
8,035
|
8,062,257
|
|
Fifth Third Bank N.A.
|
3.95%
|
07/28/2025
|
|
10,000
|
9,990,445
|
|
Fifth Third Bank N.A. (SOFR + 0.81%)(b)
|
5.15%
|
01/28/2028
|
|
5,300
|
5,297,669
|
|
Goldman Sachs Bank USA(d)
|
4.65%
|
03/07/2027
|
|
10,000
|
10,176,414
|
|
HSBC USA, Inc. (SOFR + 0.97%)(b)
|
5.31%
|
06/03/2028
|
|
6,522
|
6,532,438
|
|
Huntington National Bank (The) (SOFR + 0.72%)(b)
|
5.06%
|
04/12/2028
|
|
6,897
|
6,883,356
|
|
ING Groep N.V. (Netherlands) (SOFR + 1.56%)(b)
|
5.91%
|
09/11/2027
|
|
10,000
|
10,089,545
|
|
JPMorgan Chase Bank N.A.
|
5.11%
|
12/08/2026
|
|
7,589
|
7,676,877
|
|
Morgan Stanley Bank N.A. (SOFR + 0.69%)(b)
|
5.03%
|
10/15/2027
|
|
10,000
|
10,004,961
|
|
Morgan Stanley Bank N.A. (SOFR + 0.78%)(b)
|
5.12%
|
07/16/2025
|
|
13,514
|
13,517,545
|
|
National Australia Bank Ltd. (Australia)
|
4.97%
|
01/12/2026
|
|
13,334
|
13,389,360
|
|
National Bank of Canada (Canada) (SOFR + 0.80%)(b)
|
5.14%
|
08/20/2026
|
|
10,000
|
9,992,613
|
|
National Bank of Canada (Canada) (SOFR + 1.03%)(b)
|
5.38%
|
07/02/2027
|
|
5,797
|
5,810,689
|
|
Nordea Bank Abp (Finland)(c)
|
4.38%
|
03/17/2028
|
|
5,000
|
5,014,797
|
|
Nordea Bank Abp (Finland) (SOFR + 0.74%)(b)(c)
|
5.09%
|
03/19/2027
|
|
14,286
|
14,352,262
|
|
PNC Bank, N.A.(d)
|
4.54%
|
05/13/2027
|
|
6,977
|
6,978,710
|
|
PNC Financial Services Group, Inc. (The)(d)
|
5.81%
|
06/12/2026
|
|
10,000
|
10,002,068
|
|
Royal Bank of Canada (Canada) (SOFR + 0.95%)(b)
|
5.29%
|
01/19/2027
|
|
16,667
|
16,791,137
|
|
Societe Generale S.A. (France)(c)(d)
|
1.49%
|
12/14/2026
|
|
10,437
|
10,242,475
|
|
Sumitomo Mitsui Trust Bank Ltd. (Japan)(c)
|
5.20%
|
03/07/2027
|
|
6,557
|
6,640,482
|
|
Sumitomo Mitsui Trust Bank Ltd. (Japan)(c)
|
5.65%
|
09/14/2026
|
|
4,349
|
4,411,592
|
|
Svenska Handelsbanken AB (Sweden) (SOFR + 0.74%)(b)(c)
|
5.08%
|
05/23/2028
|
|
6,522
|
6,537,028
|
|
Swedbank AB (Sweden) (SOFR + 1.38%)(b)(c)
|
5.73%
|
06/15/2026
|
|
15,000
|
15,157,485
|
|
Swedbank AB (Sweden)(c)
|
6.14%
|
09/12/2026
|
|
8,130
|
8,297,727
|
|
Toronto-Dominion Bank (The) (Canada) (SOFR + 0.82%)(b)
|
5.16%
|
01/31/2028
|
|
8,791
|
8,803,272
|
|
Toronto-Dominion Bank (The) (Canada) (SOFR + 0.91%)(b)
|
5.25%
|
06/02/2028
|
|
10,000
|
10,007,007
|
|
Toronto-Dominion Bank (The) (Canada) (SOFR + 1.00%)(b)
|
5.34%
|
10/20/2026
|
|
9,800
|
9,801,954
|
|
Toronto-Dominion Bank (The) (Canada) (SOFR + 1.08%)(b)
|
5.42%
|
07/17/2026
|
|
13,050
|
13,132,791
|
|
U.S. Bank N.A. (SOFR + 0.69%)(b)
|
5.03%
|
10/22/2027
|
|
10,000
|
9,997,965
|
|
U.S. Bank N.A. (SOFR + 0.91%)(b)
|
5.25%
|
05/15/2028
|
|
10,000
|
10,020,627
|
|
UBS AG (Switzerland)(d)
|
4.86%
|
01/10/2028
|
|
5,608
|
5,638,183
|
|
UBS AG (Switzerland)
|
5.80%
|
09/11/2025
|
|
14,927
|
14,977,015
|
|
Wells Fargo & Co. (SOFR + 0.78%)(b)
|
5.12%
|
01/24/2028
|
|
7,461
|
7,434,307
|
|
Wells Fargo Bank N.A. (SOFR + 0.71%)(b)
|
5.05%
|
01/15/2026
|
|
6,400
|
6,411,527
|
|
Wells Fargo Bank N.A. (SOFR + 0.80%)(b)
|
5.14%
|
08/01/2025
|
|
12,000
|
12,005,768
|
|
|
|
|
|
|
477,942,228
|
|
Diversified Metals & Mining-1.73%
|
|||||
|
BHP Billiton Finance (USA) Ltd. (Australia)
|
5.25%
|
09/08/2026
|
|
14,815
|
14,981,584
|
|
Glencore Funding LLC (Australia) (SOFR + 0.75%)(b)(c)
|
5.10%
|
10/01/2026
|
|
5,357
|
5,361,467
|
|
Glencore Funding LLC (Australia) (SOFR + 1.06%)(b)(c)
|
5.41%
|
04/04/2027
|
|
8,522
|
8,551,420
|
|
Rio Tinto Finance (USA) PLC (Australia)
|
4.38%
|
03/12/2027
|
|
1,741
|
1,746,366
|
|
|
|
|
|
|
30,640,837
|
|
Electric Utilities-1.10%
|
|||||
|
NextEra Energy Capital Holdings, Inc. (SOFR + 0.76%)(b)
|
5.10%
|
01/29/2026
|
|
11,456
|
11,488,777
|
|
NextEra Energy Capital Holdings, Inc. (SOFR + 0.80%)(b)
|
5.14%
|
02/04/2028
|
|
7,330
|
7,344,355
|
|
Pinnacle West Capital Corp.
|
4.90%
|
05/15/2028
|
|
649
|
654,188
|
|
|
|
|
|
|
19,487,320
|
|
Fertilizers & Agricultural Chemicals-0.34%
|
|||||
|
Nutrien Ltd. (Canada)
|
4.50%
|
03/12/2027
|
|
5,970
|
5,966,609
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Home Improvement Retail-0.64%
|
|||||
|
Home Depot, Inc. (The)
|
5.15%
|
06/25/2026
|
|
$4,504
|
$4,546,907
|
|
Lowe’s Cos., Inc.
|
4.80%
|
04/01/2026
|
|
6,766
|
6,780,026
|
|
|
|
|
|
|
11,326,933
|
|
Integrated Oil & Gas-0.37%
|
|||||
|
Chevron USA, Inc. (SOFR + 0.36%)(b)
|
4.70%
|
02/26/2027
|
|
6,465
|
6,467,598
|
|
Investment Banking & Brokerage-2.11%
|
|||||
|
Goldman Sachs Group, Inc. (The)(d)
|
4.94%
|
04/23/2028
|
|
5,129
|
5,156,506
|
|
Goldman Sachs Group, Inc. (The) (SOFR + 1.07%)(b)
|
5.40%
|
08/10/2026
|
|
12,000
|
12,016,828
|
|
Jefferies Financial Group, Inc.
|
5.00%
|
02/10/2026
|
|
9,130
|
9,130,202
|
|
Jefferies Financial Group, Inc.
|
5.03%
|
03/16/2026
|
|
10,929
|
10,942,873
|
|
|
|
|
|
|
37,246,409
|
|
Life & Health Insurance-12.72%
|
|||||
|
Athene Global Funding (SOFR + 1.03%)(b)(c)
|
5.37%
|
08/27/2026
|
|
10,000
|
10,021,596
|
|
Athene Global Funding (SOFR + 1.21%)(b)(c)
|
5.56%
|
03/25/2027
|
|
12,000
|
12,090,408
|
|
Athene Global Funding(c)
|
5.62%
|
05/08/2026
|
|
12,000
|
12,106,623
|
|
Brighthouse Financial Global Funding(c)
|
5.55%
|
04/09/2027
|
|
8,150
|
8,257,909
|
|
CNO Global Funding(c)
|
4.88%
|
12/10/2027
|
|
4,918
|
4,933,379
|
|
Corebridge Global Funding (SOFR + 0.75%)(b)(c)
|
5.09%
|
01/07/2028
|
|
10,000
|
9,959,741
|
|
Corebridge Global Funding (SOFR + 1.30%)(b)(c)
|
5.65%
|
09/25/2026
|
|
15,000
|
15,108,495
|
|
Corebridge Global Funding(c)
|
5.75%
|
07/02/2026
|
|
7,758
|
7,858,188
|
|
GA Global Funding Trust(c)
|
2.25%
|
01/06/2027
|
|
3,700
|
3,555,530
|
|
Jackson National Life Global Funding(c)
|
5.50%
|
01/09/2026
|
|
16,667
|
16,744,378
|
|
Jackson National Life Global Funding(c)
|
5.55%
|
07/02/2027
|
|
6,719
|
6,834,012
|
|
MassMutual Global Funding II (SOFR + 0.77%)(b)(c)
|
5.11%
|
01/29/2027
|
|
15,000
|
15,056,718
|
|
MassMutual Global Funding II (SOFR + 0.98%)(b)(c)
|
5.32%
|
07/10/2026
|
|
13,500
|
13,600,625
|
|
Met Tower Global Funding(c)
|
5.40%
|
06/20/2026
|
|
10,000
|
10,102,796
|
|
New York Life Global Funding(c)
|
4.40%
|
04/25/2028
|
|
3,695
|
3,703,366
|
|
New York Life Global Funding (SOFR + 0.67%)(b)(c)
|
5.02%
|
04/02/2027
|
|
7,000
|
7,019,222
|
|
Pacific Life Global Funding II(c)
|
4.45%
|
05/01/2028
|
|
9,434
|
9,450,905
|
|
Pacific Life Global Funding II (SOFR + 0.60%)(b)(c)
|
4.95%
|
03/27/2026
|
|
9,750
|
9,769,344
|
|
Pacific Life Global Funding II (SOFR + 0.86%)(b)(c)
|
5.21%
|
06/16/2025
|
|
5,500
|
5,501,643
|
|
Pacific Life Global Funding II (SOFR + 1.05%)(b)(c)
|
5.39%
|
07/28/2026
|
|
12,500
|
12,582,963
|
|
Pricoa Global Funding I(c)
|
5.55%
|
08/28/2026
|
|
3,407
|
3,452,892
|
|
Principal Life Global Funding II(c)
|
4.60%
|
08/19/2027
|
|
4,777
|
4,789,778
|
|
Principal Life Global Funding II(c)
|
5.00%
|
01/16/2027
|
|
4,500
|
4,535,422
|
|
Protective Life Global Funding(c)
|
5.37%
|
01/06/2026
|
|
10,339
|
10,384,111
|
|
Reliance Standard Life Global Funding II(c)
|
5.24%
|
02/02/2026
|
|
7,125
|
7,146,515
|
|
|
|
|
|
|
224,566,559
|
|
Multi-line Insurance-0.77%
|
|||||
|
USAA Capital Corp.(c)
|
4.38%
|
06/01/2028
|
|
3,330
|
3,332,305
|
|
USAA Capital Corp.(c)
|
5.25%
|
06/01/2027
|
|
10,000
|
10,185,168
|
|
|
|
|
|
|
13,517,473
|
|
Oil & Gas Storage & Transportation-0.27%
|
|||||
|
Enbridge, Inc. (Canada)
|
5.25%
|
04/05/2027
|
|
4,666
|
4,722,320
|
|
Packaged Foods & Meats-0.47%
|
|||||
|
Mars, Inc.(c)
|
4.45%
|
03/01/2027
|
|
5,956
|
5,964,372
|
|
The Campbell’s Company
|
5.30%
|
03/20/2026
|
|
2,352
|
2,362,342
|
|
|
|
|
|
|
8,326,714
|
|
Pharmaceuticals-1.22%
|
|||||
|
Bristol-Myers Squibb Co. (SOFR + 0.49%)(b)
|
4.83%
|
02/20/2026
|
|
4,651
|
4,659,328
|
|
Eli Lilly and Co.
|
5.00%
|
02/27/2026
|
|
10,257
|
10,257,427
|
|
GlaxoSmithKline Capital PLC (United Kingdom) (SOFR + 0.50%)(b)
|
4.85%
|
03/12/2027
|
|
6,593
|
6,610,590
|
|
|
|
|
|
|
21,527,345
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Retail REITs-0.21%
|
|||||
|
Realty Income Corp.
|
5.05%
|
01/13/2026
|
|
$3,687
|
$3,680,144
|
|
Self-Storage REITs-0.57%
|
|||||
|
Public Storage Operating Co. (SOFR + 0.70%)(b)
|
5.04%
|
04/16/2027
|
|
10,000
|
10,001,532
|
|
Semiconductors-0.57%
|
|||||
|
Advanced Micro Devices, Inc.
|
4.21%
|
09/24/2026
|
|
10,000
|
10,009,388
|
|
Soft Drinks & Non-alcoholic Beverages-0.57%
|
|||||
|
Keurig Dr Pepper, Inc. (SOFR + 0.88%)(b)
|
5.23%
|
03/15/2027
|
|
10,000
|
10,044,691
|
|
Specialized Finance-1.28%
|
|||||
|
National Rural Utilities Cooperative Finance Corp.
|
5.10%
|
05/06/2027
|
|
7,500
|
7,603,404
|
|
National Rural Utilities Cooperative Finance Corp. (SOFR + 0.82%)(b)
|
5.17%
|
09/16/2027
|
|
15,000
|
15,030,246
|
|
|
|
|
|
|
22,633,650
|
|
Specialty Chemicals-0.26%
|
|||||
|
Sherwin-Williams Co. (The)
|
4.55%
|
03/01/2028
|
|
4,587
|
4,610,308
|
|
Systems Software-0.83%
|
|||||
|
Oracle Corp.
|
1.65%
|
03/25/2026
|
|
14,972
|
14,610,042
|
|
Trading Companies & Distributors-0.62%
|
|||||
|
Air Lease Corp.
|
3.38%
|
07/01/2025
|
|
11,000
|
10,986,137
|
|
Transaction & Payment Processing Services-0.25%
|
|||||
|
PayPal Holdings, Inc.
|
4.45%
|
03/06/2028
|
|
4,464
|
4,484,883
|
|
Total U.S. Dollar Denominated Bonds & Notes (Cost $1,178,429,338)
|
|
1,183,227,894
|
|||
|
Commercial Paper-14.21%(e)
|
|||||
|
Aerospace & Defense-0.79%
|
|||||
|
Huntington Ingalls Industries, Inc.(c)
|
5.05%
|
06/03/2025
|
|
14,000
|
13,992,041
|
|
Automobile Manufacturers-1.69%
|
|||||
|
Harley-Davidson Financial Services, Inc.(c)
|
5.13%
|
06/02/2025
|
|
10,000
|
9,996,110
|
|
Harley-Davidson Financial Services, Inc.(c)
|
5.12%
|
06/09/2025
|
|
10,000
|
9,986,960
|
|
Harley-Davidson Financial Services, Inc.(c)
|
5.17%
|
07/22/2025
|
|
10,000
|
9,929,960
|
|
|
|
|
|
|
29,913,030
|
|
Construction & Engineering-0.96%
|
|||||
|
Quanta Services, Inc.(c)
|
4.91%
|
06/04/2025
|
|
17,000
|
16,988,678
|
|
Diversified Capital Markets-2.54%
|
|||||
|
Brookfield BRP Holdings Canada, Inc. (Canada)
|
5.06%
|
06/11/2025
|
|
7,000
|
6,989,283
|
|
Brookfield Corporate Treasury Ltd. (Canada)(c)
|
4.82%
|
06/26/2025
|
|
20,000
|
19,929,300
|
|
Brookfield Infrastructure Holdings, Inc. (Canada)
|
5.08%
|
06/03/2025
|
|
18,000
|
17,990,856
|
|
|
|
|
|
|
44,909,439
|
|
Gas Utilities-0.79%
|
|||||
|
WGL Holdings, Inc.(c)
|
5.01%
|
06/05/2025
|
|
14,000
|
13,989,626
|
|
Independent Power Producers & Energy Traders-0.82%
|
|||||
|
AES Corp (The)(c)
|
4.81%
|
06/05/2025
|
|
14,500
|
14,488,444
|
|
Oil & Gas Exploration & Production-1.42%
|
|||||
|
APA Corp.(c)
|
4.95%
|
06/02/2025
|
|
25,000
|
24,989,522
|
|
Packaged Foods & Meats-1.13%
|
|||||
|
Conagra Brands, Inc.(c)
|
4.80%
|
06/03/2025
|
|
20,000
|
19,989,560
|
|
Paper & Plastic Packaging Products & Materials-0.91%
|
|||||
|
Sonoco Products Co.
|
5.01%-5.17%
|
06/12/2025
|
|
16,000
|
15,970,368
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Technology Distributors-1.08%
|
|||||
|
Arrow Electronics, Inc.(c)
|
4.79%
|
06/04/2025
|
|
$19,000
|
$18,987,403
|
|
Telecom Tower REITs-0.85%
|
|||||
|
Crown Castle, Inc.(c)
|
5.04%
|
06/03/2025
|
|
15,000
|
14,991,900
|
|
Trading Companies & Distributors-0.66%
|
|||||
|
Air Lease Corp.(c)
|
4.85%
|
06/04/2025
|
|
11,700
|
11,692,360
|
|
Transaction & Payment Processing Services-0.57%
|
|||||
|
Global Payments, Inc.
|
4.90%
|
06/02/2025
|
|
10,000
|
9,995,921
|
|
Total Commercial Paper (Cost $250,955,298)
|
|
250,898,292
|
|||
|
Asset-Backed Securities-11.71%
|
|||||
|
Auto Loans/Leases-9.27%
|
|||||
|
AutoNation Finance Trust 2025-1; Series 2025-1A, Class A2(c)
|
4.72%
|
04/10/2028
|
|
5,760
|
5,763,368
|
|
Barclays Dryrock Issuance Trust; Series 2023-2, Class A (30 Day Average SOFR +
0.90%)(b)
|
5.23%
|
08/15/2028
|
|
13,880
|
13,905,062
|
|
BMW Vehicle Lease Trust; Series 2024-2, Class A2A
|
4.29%
|
01/25/2027
|
|
3,566
|
3,558,856
|
|
CarMax Auto Owner Trust;
|
|
|
|
|
|
|
Series 2024-1, Class A3
|
4.92%
|
10/16/2028
|
|
9,860
|
9,900,988
|
|
Series 2025-2, Class A2A
|
4.59%
|
07/17/2028
|
|
3,640
|
3,643,198
|
|
CCG Receivables Trust; Series 2025-1, Class A2(c)
|
4.48%
|
10/14/2032
|
|
4,550
|
4,553,611
|
|
Chesapeake Funding II LLC (Canada);
|
|
|
|
|
|
|
Series 2023-1A, Class A1(c)
|
5.65%
|
05/15/2035
|
|
2,777
|
2,789,709
|
|
Series 2023-2A, Class A2 (30 Day Average SOFR + 1.10%)(b)(c)
|
5.43%
|
10/15/2035
|
|
8,008
|
8,043,074
|
|
Series 2024-1A, Class A2 (30 Day Average SOFR + 0.77%)(b)(c)
|
5.10%
|
05/15/2036
|
|
1,887
|
1,889,335
|
|
Citizens Auto Receivables Trust;
|
|
|
|
|
|
|
Series 2023-2, Class A2A(c)
|
6.09%
|
10/15/2026
|
|
198
|
198,381
|
|
Series 2024-2, Class A3(c)
|
5.33%
|
08/15/2028
|
|
7,625
|
7,676,969
|
|
DLLST LLC; Series 2024-1A, Class A3(c)
|
5.05%
|
08/20/2027
|
|
5,440
|
5,457,627
|
|
Enterprise Fleet Financing LLC;
|
|
|
|
|
|
|
Series 2023-3, Class A2(c)
|
6.40%
|
03/20/2030
|
|
6,136
|
6,227,386
|
|
Series 2024-1, Class A2(c)
|
5.23%
|
03/20/2030
|
|
2,805
|
2,822,107
|
|
Series 2024-3, Class A2(c)
|
5.31%
|
04/20/2027
|
|
3,187
|
3,197,799
|
|
Series 2024-4, Class A2(c)
|
4.69%
|
07/20/2027
|
|
4,125
|
4,127,838
|
|
GM Financial Automobile Leasing Trust; Series 2025-2, Class A2B (30 Day Average
SOFR + 0.50%)(b)
|
4.83%
|
07/20/2027
|
|
2,500
|
2,501,070
|
|
GreatAmerica Leasing Receivables Funding LLC;
|
|
|
|
|
|
|
Series 2023-1, Class A2(c)
|
5.35%
|
02/16/2026
|
|
971
|
971,339
|
|
Series 2024-2, Class A3(c)
|
5.00%
|
09/15/2028
|
|
4,000
|
4,037,221
|
|
Series 2025-1, Class A2(c)
|
4.52%
|
10/15/2027
|
|
2,600
|
2,598,210
|
|
Harley-Davidson Motorcycle Trust; Series 2025-A, Class A2A
|
4.71%
|
07/17/2028
|
|
2,500
|
2,501,328
|
|
Hyundai Auto Lease Securitization Trust;
|
|
|
|
|
|
|
Series 2024-C, Class A2B (30 Day Average SOFR + 0.50%)(b)(c)
|
4.83%
|
03/15/2027
|
|
2,929
|
2,929,694
|
|
Series 2025-B, Class A3(c)
|
4.53%
|
04/17/2028
|
|
3,200
|
3,213,141
|
|
Hyundai Auto Receivables Trust; Series 2025-A, Class A2B (30 Day Average SOFR +
0.34%)(b)
|
4.67%
|
12/15/2027
|
|
7,760
|
7,752,147
|
|
John Deere Owner Trust;
|
|
|
|
|
|
|
Series 2023-C, Class A2
|
5.76%
|
08/17/2026
|
|
331
|
331,184
|
|
Series 2025-A, Class A2B (30 Day Average SOFR + 0.29%)(b)
|
4.62%
|
03/15/2028
|
|
4,420
|
4,419,175
|
|
M&T Equipment 2025-LEAF1 Notes; Series 2025-1A, Class A2(c)
|
4.70%
|
12/16/2027
|
|
4,000
|
4,008,380
|
|
Mercedes-Benz Auto Lease Trust; Series 2024-A, Class A2A
|
5.44%
|
02/16/2027
|
|
5,650
|
5,664,387
|
|
Porsche Innovative Lease Owner Trust; Series 2024-1A, Class A3(c)
|
4.67%
|
11/22/2027
|
|
2,500
|
2,505,837
|
|
Tesla Auto Lease Trust; Series 2023-A, Class A3(c)
|
5.89%
|
06/22/2026
|
|
1,147
|
1,148,099
|
|
Toyota Auto Receivables 2025-B Owner Trust; Series 2025-B, Class A2A
|
4.46%
|
03/15/2028
|
|
6,900
|
6,904,779
|
|
Westlake Automobile Receivables Trust; Series 2025-P1, Class A2(c)
|
4.65%
|
02/15/2028
|
|
5,300
|
5,304,895
|
|
Wheels Fleet Lease Funding 1 LLC;
|
|
|
|
|
|
|
Series 2023-2A, Class A(c)
|
6.46%
|
08/18/2038
|
|
6,391
|
6,477,097
|
|
Series 2024-1A, Class A2 (1 mo. Term SOFR + 0.83%)(b)(c)
|
5.16%
|
02/18/2039
|
|
4,094
|
4,100,242
|
|
Series 2024-2A, Class A2 (1 mo. Term SOFR + 1.00%)(b)(c)
|
5.33%
|
06/21/2039
|
|
4,000
|
4,016,751
|
|
Series 2025-1A, Class A1(c)
|
4.57%
|
01/18/2040
|
|
6,750
|
6,763,153
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Auto Loans/Leases-(continued)
|
|||||
|
World Omni Automobile Lease Securitization Trust; Series 2025-A, Class A2B (30 Day
Average SOFR + 0.39%)(b)
|
4.72%
|
12/15/2027
|
|
$1,930
|
$1,928,376
|
|
|
|
|
|
|
163,831,813
|
|
Equipment Leasing-0.54%
|
|||||
|
Dell Equipment Finance Trust;
|
|
|
|
|
|
|
Series 2024-1, Class A3(c)
|
5.39%
|
03/22/2030
|
|
2,750
|
2,772,938
|
|
Series 2025-1, Class A3(c)
|
4.61%
|
02/24/2031
|
|
2,480
|
2,495,530
|
|
HPEFS Equipment Trust; Series 2024-2A, Class A2(c)
|
5.50%
|
10/20/2031
|
|
4,261
|
4,270,893
|
|
|
|
|
|
|
9,539,361
|
|
Specialized Finance-1.90%
|
|||||
|
Capital One Multi-Asset Execution Trust; Series 2022-A3, Class A
|
4.95%
|
10/15/2027
|
|
10,000
|
10,012,620
|
|
First National Master Note Trust; Series 2024-1, Class A
|
5.34%
|
05/15/2030
|
|
3,870
|
3,941,079
|
|
Navient Private Education Refi Loan Trust;
|
|
|
|
|
|
|
Series 2020-FA, Class A(c)
|
1.22%
|
07/15/2069
|
|
4,190
|
3,889,536
|
|
Series 2021-FA, Class A(c)
|
1.11%
|
02/18/2070
|
|
2,733
|
2,407,517
|
|
Synchrony Card Funding LLC; Series 2024-A1, Class A
|
5.04%
|
03/15/2030
|
|
10,000
|
10,123,226
|
|
Volvo Financial Equipment LLC; Series 2025-1A, Class A2(c)
|
4.41%
|
11/15/2027
|
|
3,150
|
3,146,941
|
|
|
|
|
|
|
33,520,919
|
|
Total Asset-Backed Securities (Cost $206,720,728)
|
|
206,892,093
|
|||
|
Certificates of Deposit-1.98%
|
|||||
|
Diversified Banks-1.98%
|
|||||
|
Intesa Sanpaolo S.p.A. (New York Branch)
|
5.71%
|
07/16/2025
|
|
10,000
|
10,011,560
|
|
Intesa Sanpaolo S.p.A. (New York Branch)
|
5.00%
|
01/07/2026
|
|
10,000
|
10,007,340
|
|
Natixis S.A. (France) (SOFR + 0.60%)(b)
|
4.90%
|
08/04/2025
|
|
15,000
|
15,012,704
|
|
Total Certificates of Deposit (Cost $35,000,000)
|
|
35,031,604
|
|||
|
U.S. Treasury Securities-0.57%
|
|||||
|
U.S. Treasury Notes-0.57%
|
|||||
|
U.S. Treasury Notes (Cost $9,964,137)
|
4.50%
|
03/31/2026
|
|
10,000
|
10,024,714
|
|
TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-95.47%
(Cost $1,681,069,501)
|
|
1,686,074,597
|
|||
|
|
|
|
Repurchase
Amount
|
|
|
|
Repurchase Agreements-5.38%(f)
|
|||||
|
BofA Securities, Inc., term agreement dated 05/05/2025, maturing value of
$20,254,917 (collateralized by corporate obligations valued at $21,767,789;
0.00% - 11.18%; 04/29/2026 - 05/11/2038)(g)
|
4.83%
|
09/02/2025
|
|
20,254,917
|
20,000,000
|
|
CF Secured LLC, joint open agreement dated 02/07/2025 (collateralized by agency and
non-agency mortgage-backed securities and non-agency asset-backed securities
valued at $27,118,557; 1.41% - 11.00%; 08/25/2036 - 03/25/2065)(h)
|
5.08%
|
06/02/2025
|
|
15,067,454
|
15,000,000
|
|
Citigroup Global Markets, Inc., joint open agreement dated 05/15/2024 (collateralized
by non-agency mortgage-backed securities valued at $197,090,702; 0.00% -
8.78%; 07/15/2029 - 09/25/2062)(h)
|
5.03%
|
06/02/2025
|
|
20,089,422
|
20,000,000
|
|
Nomura Securities International, Inc., joint term agreement dated 05/16/2025,
aggregate maturing value of $30,012,700 (collateralized by non-agency
asset-backed securities and non-agency mortgage-backed securities valued at
$33,000,000; 0.00% - 12.32%; 01/20/2031 - 03/25/2070)(g)
|
5.08%
|
06/02/2025
|
|
20,008,467
|
20,000,000
|
|
Santander US Capital Markets LLC, term agreement dated 05/09/2025, maturing value
of $20,008,383 (collateralized by non-agency asset-backed securities and a
non-agency mortgage-backed security valued at $22,270,728; 0.00% - 14.05%;
04/15/2026 - 07/25/2059)(g)
|
5.03%
|
06/02/2025
|
|
20,008,383
|
20,000,000
|
|
Total Repurchase Agreements (Cost $95,000,000)
|
|
95,000,000
|
|||
|
TOTAL INVESTMENTS IN SECURITIES-100.85% (Cost $1,776,069,501)
|
|
1,781,074,597
|
|||
|
OTHER ASSETS LESS LIABILITIES-(0.85)%
|
|
(15,038,782
)
|
|||
|
NET ASSETS-100.00%
|
|
$1,766,035,815
|
|||
|
REITs
|
-Real Estate Investment Trusts
|
|
SOFR
|
-Secured Overnight Financing Rate
|
|
(a)
|
Industry and/or sector classifications used in this report are generally according
to the Global Industry Classification Standard, which was developed by and is the
exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
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(b)
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Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on May 31, 2025.
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(c)
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Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
May 31, 2025 was $769,365,028, which represented 43.56% of the Fund’s Net Assets.
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(d)
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Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
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(e)
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Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
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(f)
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Principal amount equals value at period end.
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(g)
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Interest rate is redetermined periodically. The Maturity Date represents the next
reset date, and the Repurchase Amount is calculated based on the next reset date.
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(h)
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Either party may terminate the agreement upon demand. Interest rate, principal amount
and collateral are redetermined periodically. The Maturity Date represents
the next reset date, and the Repurchase Amount is calculated based on the next reset
date.
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