COLLATERALIZED
MORTGAGE
OBLIGATIONS
—
1.13%
-
continued
Principal
Amount
Fair
Value
Total
Collateralized
Mortgage
Obligations
(Cost $2,005,882)
$
1,947,276
CORPORATE
BONDS
—
42.52%
Communications
—
0.60%
Turkcell
Iletisim
Hizmetleri
A/S,
7.65%,
1/24/2032
(a)
$
1,025,000
1,041,172
Consumer
Discretionary
—
1.57%
Amazon
Conservation
DAC,
6.03%,
1/16/2042
(a)
400,000
393,518
Conservation
Fund,
Series
2019,
3.47%,
12/15/2029
1,000,000
937,924
NHP
Foundation
(The),
6.00%,
12/1/2033
500,000
531,250
Walmart,
Inc.,
1.80%,
9/22/2031
1,000,000
861,016
2,723,708
Consumer
Staples
—
0.95%
PepsiCo,
Inc.,
3.90%,
7/18/2032
1,100,000
1,048,060
Unilever
Capital
Corp.,
2.63%,
8/12/2051
1,000,000
594,324
1,642,384
Energy
—
4.21%
BP
Capital
Markets
America,
Inc.,
2.77%,
11/10/2050
1,000,000
592,709
ConocoPhillips
Co.,
5.05%,
9/15/2033
500,000
499,377
Continental
Wind,
LLC,
6.00%,
2/28/2033
(a)
955,047
984,574
Diamondback
Energy,
Inc.,
5.55%,
4/1/2035
650,000
640,699
Equinor
ASA,
3.95%,
5/15/2043
1,000,000
801,046
Occidental
Petroleum
Corp.,
6.05%,
10/1/2054
400,000
347,930
Raizen
Fuels
Finance
S.A.,
6.45%,
3/5/2034
(a)
575,000
569,430
Raizen
Fuels
Finance
S.A.,
6.95%,
3/5/2054
(a)
1,075,000
987,446
TotalEnergies
Capital
SA,
5.49%,
4/5/2054
825,000
769,668
TotalEnergies
Capital
SA,
5.43%,
9/10/2064
1,200,000
1,088,813
7,281,692
Financials
—
13.94%
200
Park
Funding
Trust,
5.74%,
2/15/2055
(a)
975,000
939,002
Ameriprise
Financial,
Inc.,
5.20%,
4/15/2035
1,050,000
1,039,900
Bank
of
America
Corp,
6.63%,
Perpetual
(H15T5Y
+
2.684bps)
(b)
1,000,000
1,018,881
BB
Blue
Financing
DAC,
Series
A2,
4.40%,
9/20/2029
1,000,000
976,943
BB
Blue
Financing
DAC,
Series
A1,
4.40%,
9/20/2037
1,000,000
962,892
Canadian
Imperial
Bank
of
Commerce,
6.95%,
1/28/2085
(H15T5Y
+
2.833bps)
(b)
1,500,000
1,492,616
Consumers
2023
Securitization
Funding,
LLC,
5.55%,
3/1/2028
602,679
606,569
Export
Development
Canada,
4.13%,
2/13/2029
1,000,000
1,004,091
Export
Development
Canada,
4.75%,
6/5/2034
1,000,000
1,023,672
GPS
Blue
Financing
DAC,
5.65%,
11/9/2041
(a)
1,000,000
965,680
Hannon
Armstrong
Sustainable
Infrastructure,
6.38%,
7/1/2034
(a)
1,000,000
979,004
International
Bank
for
Reconstruction
&
Development,
1.75%,
7/31/2033
1,000,000
995,702
Intesa
Sanpaolo
S.p.A.,
MTN,
7.70%,
Perpetual
(USSW5
+
5.462bps)
(a)(b)
1,000,000
1,003,275
JPMorgan
Chase
&
Co.,
5.77%,
4/22/2035
(SOFR
+
1.490bps)
(b)
500,000
516,210
KFW,
4.38%,
2/28/2034
1,000,000
999,409
M&T
Bank
Corp.,
4.83%,
1/16/2029
(SOFRRATE
+
0.930bps)
(b)
1,000,000
1,001,600
Muenchener
Rueckversicherungs-Gesellschaft
A.G.,
5.88%,
5/23/2042
(H15T5Y
+
3.982bps)
(a)(b)
1,000,000
1,017,962