|
|
Principal
Amount
|
Value
|
|
|
U.S. Dollar Denominated Bonds & Notes–37.95%
|
|||
|
Advertising–0.03%
|
|||
|
Omnicom Group, Inc.,
|
|
|
|
|
2.45%, 04/30/2030
|
|
$100,000
|
$90,553
|
|
2.60%, 08/01/2031
|
|
850,000
|
752,042
|
|
|
|
|
842,595
|
|
Aerospace & Defense–0.59%
|
|||
|
BAE Systems PLC (United Kingdom),
|
|
|
|
|
5.00%, 03/26/2027(b)
|
|
1,169,000
|
1,179,220
|
|
5.13%, 03/26/2029(b)
|
|
1,197,000
|
1,224,896
|
|
5.50%, 03/26/2054(b)
|
|
682,000
|
670,981
|
|
Boeing Co. (The),
|
|
|
|
|
6.26%, 05/01/2027
|
|
362,000
|
371,398
|
|
6.30%, 05/01/2029
|
|
259,000
|
273,552
|
|
6.39%, 05/01/2031
|
|
52,000
|
55,970
|
|
6.53%, 05/01/2034
|
|
729,000
|
793,744
|
|
5.81%, 05/01/2050
|
|
227,000
|
219,305
|
|
General Dynamics Corp., 4.95%,
08/15/2035
|
|
1,037,000
|
1,039,826
|
|
Hexcel Corp., 5.88%,
02/26/2035
|
|
135,000
|
138,043
|
|
Howmet Aerospace, Inc., 4.85%,
10/15/2031
|
|
166,000
|
168,091
|
|
Huntington Ingalls Industries, Inc.,
|
|
|
|
|
5.35%, 01/15/2030
|
|
345,000
|
352,788
|
|
5.75%, 01/15/2035
|
|
683,000
|
702,446
|
|
L3Harris Technologies, Inc.,
5.40%, 07/31/2033
|
|
42,000
|
43,125
|
|
Lockheed Martin Corp.,
|
|
|
|
|
4.15%, 08/15/2028
|
|
2,874,000
|
2,867,332
|
|
4.50%, 02/15/2029
|
|
328,000
|
330,223
|
|
4.40%, 08/15/2030
|
|
1,894,000
|
1,888,395
|
|
4.75%, 02/15/2034
|
|
82,000
|
81,299
|
|
4.80%, 08/15/2034
|
|
376,000
|
373,905
|
|
5.00%, 08/15/2035
|
|
4,647,000
|
4,648,867
|
|
5.90%, 11/15/2063
|
|
20,000
|
20,448
|
|
5.20%, 02/15/2064
|
|
100,000
|
91,079
|
|
Northrop Grumman Corp., 4.95%,
03/15/2053
|
|
24,000
|
21,486
|
|
RTX Corp.,
|
|
|
|
|
5.75%, 01/15/2029
|
|
162,000
|
168,991
|
|
6.00%, 03/15/2031
|
|
94,000
|
100,598
|
|
5.15%, 02/27/2033
|
|
102,000
|
104,181
|
|
6.40%, 03/15/2054
|
|
62,000
|
67,572
|
|
|
|
|
17,997,761
|
|
Agricultural & Farm Machinery–0.51%
|
|||
|
AGCO Corp.,
|
|
|
|
|
5.45%, 03/21/2027
|
|
241,000
|
242,963
|
|
5.80%, 03/21/2034
|
|
264,000
|
269,194
|
|
CNH Industrial Capital LLC, 4.75%,
03/21/2028
|
|
708,000
|
711,725
|
|
Imperial Brands Finance PLC (United
Kingdom),
|
|
|
|
|
4.50%, 06/30/2028(b)
|
|
4,182,000
|
4,174,622
|
|
5.63%, 07/01/2035(b)
|
|
2,680,000
|
2,684,038
|
|
6.38%, 07/01/2055(b)
|
|
2,604,000
|
2,629,551
|
|
|
Principal
Amount
|
Value
|
|
|
Agricultural & Farm Machinery–(continued)
|
|||
|
John Deere Capital Corp.,
|
|
|
|
|
4.70%, 06/10/2030
|
|
$211,000
|
$213,861
|
|
4.38%, 10/15/2030
|
|
4,177,000
|
4,162,715
|
|
5.10%, 04/11/2034
|
|
440,000
|
447,580
|
|
|
|
|
15,536,249
|
|
Agricultural Products & Services–0.00%
|
|||
|
Archer-Daniels-Midland Co.,
3.25%, 03/27/2030
|
|
110,000
|
104,603
|
|
Air Freight & Logistics–0.29%
|
|||
|
GXO Logistics, Inc.,
|
|
|
|
|
6.25%, 05/06/2029
|
|
537,000
|
558,747
|
|
6.50%, 05/06/2034
|
|
486,000
|
510,278
|
|
United Parcel Service, Inc.,
|
|
|
|
|
4.65%, 10/15/2030
|
|
2,070,000
|
2,088,016
|
|
5.15%, 05/22/2034
|
|
339,000
|
346,039
|
|
5.25%, 05/14/2035
|
|
1,433,000
|
1,457,162
|
|
5.50%, 05/22/2054
|
|
518,000
|
497,492
|
|
5.95%, 05/14/2055
|
|
1,234,000
|
1,256,549
|
|
5.60%, 05/22/2064
|
|
240,000
|
228,623
|
|
6.05%, 05/14/2065
|
|
1,720,000
|
1,752,766
|
|
|
|
|
8,695,672
|
|
Application Software–0.11%
|
|||
|
Autodesk, Inc., 5.30%,
06/15/2035
|
|
1,145,000
|
1,160,614
|
|
Cadence Design Systems, Inc.,
4.70%, 09/10/2034
|
|
245,000
|
241,353
|
|
Intuit, Inc., 5.20%, 09/15/2033
|
|
181,000
|
186,707
|
|
Roper Technologies, Inc.,
|
|
|
|
|
4.50%, 10/15/2029
|
|
335,000
|
334,120
|
|
4.75%, 02/15/2032
|
|
212,000
|
211,184
|
|
4.90%, 10/15/2034
|
|
480,000
|
471,551
|
|
Salesforce, Inc., 1.50%,
07/15/2028
|
|
440,000
|
409,149
|
|
Synopsys, Inc., 5.70%,
04/01/2055
|
|
323,000
|
318,757
|
|
|
|
|
3,333,435
|
|
Asset Management & Custody Banks–0.97%
|
|||
|
Affiliated Managers Group, Inc.,
5.50%, 08/20/2034
|
|
1,118,000
|
1,127,455
|
|
Ameriprise Financial, Inc.,
|
|
|
|
|
5.70%, 12/15/2028
|
|
267,000
|
277,966
|
|
5.15%, 05/15/2033
|
|
116,000
|
118,476
|
|
5.20%, 04/15/2035
|
|
1,652,000
|
1,656,712
|
|
Apollo Debt Solutions BDC, 5.88%,
08/30/2030(b)
|
|
2,191,000
|
2,194,366
|
|
Ares Capital Corp., 5.50%,
09/01/2030
|
|
3,307,000
|
3,302,735
|
|
Ares Management Corp., 5.60%,
10/11/2054
|
|
400,000
|
377,195
|
|
Ares Strategic Income Fund,
|
|
|
|
|
5.70%, 03/15/2028
|
|
1,588,000
|
1,596,938
|
|
5.45%, 09/09/2028(b)
|
|
1,638,000
|
1,635,895
|
|
|
Principal
Amount
|
Value
|
|
|
Asset Management & Custody Banks–(continued)
|
|||
|
Bank of New York Mellon Corp. (The),
|
|
|
|
|
4.44%, 06/09/2028(c)
|
|
$2,371,000
|
$2,376,374
|
|
5.03% (SOFR + 0.68%),
06/09/2028(d)
|
|
4,266,000
|
4,287,095
|
|
4.89%, 07/21/2028(c)
|
|
805,000
|
814,160
|
|
4.98%, 03/14/2030(c)
|
|
90,000
|
91,910
|
|
5.06%, 07/22/2032(c)
|
|
477,000
|
486,534
|
|
5.19%, 03/14/2035(c)
|
|
63,000
|
63,836
|
|
5.32%, 06/06/2036(c)
|
|
1,463,000
|
1,491,530
|
|
BlackRock, Inc., 4.75%,
05/25/2033
|
|
133,000
|
133,439
|
|
Blackstone Secured Lending Fund,
|
|
|
|
|
2.13%, 02/15/2027
|
|
2,121,000
|
2,029,712
|
|
5.88%, 11/15/2027
|
|
402,000
|
409,078
|
|
Blue Owl Credit Income Corp.,
|
|
|
|
|
3.13%, 09/23/2026
|
|
200,000
|
195,155
|
|
7.75%, 09/16/2027
|
|
100,000
|
104,554
|
|
Brookfield Asset Management Ltd.
(Canada), 5.80%, 04/24/2035
|
|
1,960,000
|
2,005,779
|
|
Brookfield Finance, Inc. (Canada),
5.68%, 01/15/2035
|
|
110,000
|
113,015
|
|
Citadel L.P.,
|
|
|
|
|
6.00%, 01/23/2030(b)
|
|
196,000
|
202,107
|
|
6.38%, 01/23/2032(b)
|
|
354,000
|
367,566
|
|
Golub Capital Private Credit Fund,
|
|
|
|
|
5.45%, 08/15/2028(b)
|
|
1,326,000
|
1,321,346
|
|
5.80%, 09/12/2029
|
|
200,000
|
200,618
|
|
Northern Trust Corp.,
|
|
|
|
|
4.00%, 05/10/2027
|
|
200,000
|
199,333
|
|
3.65%, 08/03/2028
|
|
220,000
|
216,431
|
|
6.13%, 11/02/2032
|
|
26,000
|
28,047
|
|
State Street Corp., 4.99%,
03/18/2027
|
|
100,000
|
101,168
|
|
|
|
|
29,526,525
|
|
Automobile Manufacturers–2.27%
|
|||
|
American Honda Finance Corp.,
|
|
|
|
|
4.90%, 03/12/2027
|
|
110,000
|
110,751
|
|
4.70%, 01/12/2028
|
|
99,000
|
99,537
|
|
2.25%, 01/12/2029
|
|
440,000
|
408,981
|
|
4.60%, 04/17/2030
|
|
50,000
|
49,994
|
|
5.05%, 07/10/2031
|
|
110,000
|
111,748
|
|
4.90%, 01/10/2034
|
|
249,000
|
246,145
|
|
Daimler Truck Finance North
America LLC (Germany),
|
|
|
|
|
5.60%, 08/08/2025(b)
|
|
802,000
|
802,132
|
|
5.15%, 01/16/2026(b)
|
|
884,000
|
886,101
|
|
5.00%, 01/15/2027(b)
|
|
917,000
|
923,817
|
|
5.38%, 01/18/2034(b)
|
|
675,000
|
678,738
|
|
5.63%, 01/13/2035(b)
|
|
1,828,000
|
1,862,708
|
|
Daimler Trucks Finance North
America LLC (Germany), 5.13%,
01/19/2028(b)
|
|
788,000
|
798,582
|
|
Ford Motor Credit Co. LLC,
|
|
|
|
|
5.92%, 03/20/2028
|
|
1,486,000
|
1,498,332
|
|
6.80%, 11/07/2028
|
|
1,136,000
|
1,176,061
|
|
Honda Motor Co. Ltd. (Japan),
|
|
|
|
|
4.44%, 07/08/2028
|
|
13,284,000
|
13,265,979
|
|
4.69%, 07/08/2030
|
|
7,422,000
|
7,429,318
|
|
5.34%, 07/08/2035
|
|
4,714,000
|
4,715,603
|
|
|
Principal
Amount
|
Value
|
|
|
Automobile Manufacturers–(continued)
|
|||
|
Hyundai Capital America,
|
|
|
|
|
5.50%, 03/30/2026(b)
|
|
$94,000
|
$94,537
|
|
5.65%, 06/26/2026(b)
|
|
237,000
|
239,144
|
|
5.25%, 01/08/2027(b)
|
|
596,000
|
601,296
|
|
4.88%, 06/23/2027(b)
|
|
5,770,000
|
5,790,498
|
|
5.00%, 01/07/2028(b)
|
|
2,718,000
|
2,736,322
|
|
5.60%, 03/30/2028(b)
|
|
119,000
|
121,917
|
|
5.35%, 03/19/2029(b)
|
|
112,000
|
114,082
|
|
5.30%, 01/08/2030(b)
|
|
1,149,000
|
1,173,296
|
|
5.80%, 04/01/2030(b)
|
|
26,000
|
27,035
|
|
Hyundai Capital Services, Inc.
(South Korea), 5.25%,
01/22/2028(b)
|
|
2,323,000
|
2,352,937
|
|
Mercedes-Benz Finance North
America LLC (Germany),
|
|
|
|
|
4.80%, 01/11/2027(b)
|
|
1,230,000
|
1,235,608
|
|
5.10%, 08/03/2028(b)
|
|
920,000
|
937,767
|
|
4.85%, 01/11/2029(b)
|
|
838,000
|
846,006
|
|
5.00%, 01/11/2034(b)
|
|
410,000
|
407,627
|
|
5.13%, 08/01/2034(b)
|
|
1,137,000
|
1,132,825
|
|
PACCAR Financial Corp.,
|
|
|
|
|
4.95%, 10/03/2025
|
|
106,000
|
106,043
|
|
4.25%, 06/23/2027
|
|
7,410,000
|
7,422,281
|
|
4.60%, 01/10/2028
|
|
59,000
|
59,568
|
|
4.00%, 09/26/2029
|
|
1,076,000
|
1,067,504
|
|
Toyota Motor Credit Corp.,
|
|
|
|
|
5.40%, 11/20/2026
|
|
440,000
|
446,149
|
|
4.63%, 01/12/2028
|
|
55,000
|
55,490
|
|
4.55%, 08/09/2029
|
|
435,000
|
437,999
|
|
5.55%, 11/20/2030
|
|
110,000
|
115,412
|
|
Volkswagen Group of America
Finance LLC (Germany),
|
|
|
|
|
5.40%, 03/20/2026(b)
|
|
1,310,000
|
1,314,087
|
|
4.90%, 08/14/2026(b)
|
|
1,045,000
|
1,045,470
|
|
5.30%, 03/22/2027(b)
|
|
1,125,000
|
1,134,062
|
|
5.25%, 03/22/2029(b)
|
|
1,098,000
|
1,110,243
|
|
4.95%, 08/15/2029(b)
|
|
1,125,000
|
1,127,133
|
|
5.60%, 03/22/2034(b)
|
|
730,000
|
732,945
|
|
|
|
|
69,049,810
|
|
Automotive Parts & Equipment–0.03%
|
|||
|
ERAC USA Finance LLC,
|
|
|
|
|
4.60%, 05/01/2028(b)
|
|
126,000
|
127,092
|
|
5.00%, 02/15/2029(b)
|
|
219,000
|
223,136
|
|
4.90%, 05/01/2033(b)
|
|
132,000
|
131,796
|
|
Magna International, Inc. (Canada),
5.88%, 06/01/2035
|
|
565,000
|
581,939
|
|
|
|
|
1,063,963
|
|
Automotive Retail–0.03%
|
|||
|
AutoZone, Inc.,
|
|
|
|
|
5.05%, 07/15/2026
|
|
102,000
|
102,565
|
|
5.20%, 08/01/2033
|
|
103,000
|
104,185
|
|
O’Reilly Automotive, Inc., 5.00%,
08/19/2034
|
|
682,000
|
676,178
|
|
|
|
|
882,928
|
|
|
Principal
Amount
|
Value
|
|
|
Biotechnology–0.12%
|
|||
|
AbbVie, Inc.,
|
|
|
|
|
4.80%, 03/15/2027
|
|
$1,283,000
|
$1,291,792
|
|
4.65%, 03/15/2028
|
|
100,000
|
100,940
|
|
4.80%, 03/15/2029
|
|
760,000
|
772,259
|
|
4.95%, 03/15/2031
|
|
300,000
|
306,219
|
|
5.05%, 03/15/2034
|
|
451,000
|
456,885
|
|
5.40%, 03/15/2054
|
|
263,000
|
253,635
|
|
5.50%, 03/15/2064
|
|
298,000
|
287,119
|
|
Amgen, Inc.,
|
|
|
|
|
5.15%, 03/02/2028
|
|
112,000
|
114,076
|
|
5.25%, 03/02/2030
|
|
41,000
|
42,134
|
|
Gilead Sciences, Inc.,
|
|
|
|
|
5.25%, 10/15/2033
|
|
77,000
|
79,378
|
|
5.55%, 10/15/2053
|
|
55,000
|
54,051
|
|
|
|
|
3,758,488
|
|
Brewers–0.00%
|
|||
|
Anheuser-Busch InBev Worldwide,
Inc. (Belgium), 5.00%,
06/15/2034
|
|
110,000
|
111,622
|
|
Broadcasting–0.02%
|
|||
|
Paramount Global,
|
|
|
|
|
5.85%, 09/01/2043
|
|
356,000
|
316,239
|
|
4.95%, 05/19/2050
|
|
356,000
|
274,968
|
|
|
|
|
591,207
|
|
Broadline Retail–0.08%
|
|||
|
Alibaba Group Holding Ltd. (China),
|
|
|
|
|
4.00%, 12/06/2037
|
|
400,000
|
357,266
|
|
4.20%, 12/06/2047
|
|
400,000
|
327,661
|
|
Macy’s Retail Holdings LLC, 7.38%,
08/01/2033(b)
|
|
1,825,000
|
1,834,233
|
|
|
|
|
2,519,160
|
|
Building Products–0.20%
|
|||
|
Amrize Finance US LLC,
|
|
|
|
|
4.60%, 04/07/2027(b)
|
|
1,125,000
|
1,125,762
|
|
4.70%, 04/07/2028(b)
|
|
1,593,000
|
1,601,502
|
|
4.95%, 04/07/2030(b)
|
|
772,000
|
780,018
|
|
5.40%, 04/07/2035(b)
|
|
1,873,000
|
1,890,833
|
|
Carrier Global Corp., 5.90%,
03/15/2034
|
|
62,000
|
65,680
|
|
Owens Corning, 5.95%,
06/15/2054
|
|
700,000
|
705,647
|
|
|
|
|
6,169,442
|
|
Cable & Satellite–0.15%
|
|||
|
Charter Communications
Operating LLC/Charter
Communications Operating Capital
Corp.,
|
|
|
|
|
3.75%, 02/15/2028
|
|
440,000
|
430,225
|
|
2.30%, 02/01/2032
|
|
200,000
|
167,845
|
|
6.65%, 02/01/2034
|
|
229,000
|
242,849
|
|
Comcast Corp.,
|
|
|
|
|
5.50%, 11/15/2032
|
|
50,000
|
52,193
|
|
4.80%, 05/15/2033
|
|
300,000
|
297,964
|
|
6.05%, 05/15/2055
|
|
3,349,000
|
3,393,307
|
|
Cox Communications, Inc., 5.70%,
06/15/2033(b)
|
|
43,000
|
43,304
|
|
|
|
|
4,627,687
|
|
|
Principal
Amount
|
Value
|
|
|
Cargo Ground Transportation–0.11%
|
|||
|
Penske Truck Leasing Co. L.P./PTL
Finance Corp.,
|
|
|
|
|
5.75%, 05/24/2026(b)
|
|
$48,000
|
$48,347
|
|
5.35%, 01/12/2027(b)
|
|
55,000
|
55,477
|
|
5.70%, 02/01/2028(b)
|
|
62,000
|
63,540
|
|
5.55%, 05/01/2028(b)
|
|
99,000
|
101,370
|
|
6.05%, 08/01/2028(b)
|
|
105,000
|
109,095
|
|
5.25%, 02/01/2030(b)
|
|
2,102,000
|
2,145,251
|
|
Ryder System, Inc., 4.90%,
12/01/2029
|
|
691,000
|
699,519
|
|
|
|
|
3,222,599
|
|
Casinos & Gaming–0.02%
|
|||
|
Las Vegas Sands Corp., 3.50%,
08/18/2026
|
|
110,000
|
108,400
|
|
Sands China Ltd. (Macau), 5.40%,
08/08/2028
|
|
400,000
|
405,285
|
|
|
|
|
513,685
|
|
Commercial & Residential Mortgage Finance–0.22%
|
|||
|
Aviation Capital Group LLC,
|
|
|
|
|
6.75%, 10/25/2028(b)
|
|
229,000
|
242,683
|
|
4.80%, 10/24/2030(b)
|
|
5,289,000
|
5,238,536
|
|
Nationwide Building Society (United
Kingdom), 6.56%,
10/18/2027(b)(c)
|
|
831,000
|
848,958
|
|
Radian Group, Inc., 6.20%,
05/15/2029
|
|
319,000
|
331,461
|
|
|
|
|
6,661,638
|
|
Computer & Electronics Retail–0.01%
|
|||
|
IBM International Capital Pte. Ltd.,
4.90%, 02/05/2034
|
|
310,000
|
308,364
|
|
Leidos, Inc., 5.75%, 03/15/2033
|
|
64,000
|
66,444
|
|
|
|
|
374,808
|
|
Construction Machinery & Heavy Transportation Equipment–
0.63%
|
|||
|
Caterpillar Financial Services Corp.,
5.15%, 08/11/2025
|
|
450,000
|
450,092
|
|
Caterpillar, Inc.,
|
|
|
|
|
2.60%, 09/19/2029
|
|
500,000
|
468,839
|
|
5.20%, 05/15/2035
|
|
2,069,000
|
2,110,457
|
|
5.50%, 05/15/2055
|
|
358,000
|
353,876
|
|
Cummins, Inc.,
|
|
|
|
|
4.70%, 02/15/2031
|
|
4,694,000
|
4,716,832
|
|
5.30%, 05/09/2035
|
|
1,730,000
|
1,752,326
|
|
Komatsu Finance America, Inc.,
5.50%, 10/06/2027(b)
|
|
1,038,000
|
1,059,415
|
|
Westinghouse Air Brake Technologies
Corp.,
|
|
|
|
|
4.90%, 05/29/2030
|
|
2,366,000
|
2,396,751
|
|
5.50%, 05/29/2035
|
|
5,663,000
|
5,776,009
|
|
|
|
|
19,084,597
|
|
|
Principal
Amount
|
Value
|
|
|
Consumer Finance–1.09%
|
|||
|
American Express Co.,
|
|
|
|
|
5.65%, 04/23/2027(c)
|
|
$718,000
|
$723,339
|
|
4.73%, 04/25/2029(c)
|
|
1,561,000
|
1,574,960
|
|
5.62% (SOFR + 1.26%),
04/25/2029(d)
|
|
4,814,000
|
4,886,206
|
|
4.35%, 07/20/2029(c)
|
|
5,405,000
|
5,395,106
|
|
5.16% (SOFR + 0.81%),
07/20/2029(d)
|
|
8,053,000
|
8,065,794
|
|
5.53%, 04/25/2030(c)
|
|
646,000
|
670,162
|
|
5.02%, 04/25/2031(c)
|
|
3,454,000
|
3,516,597
|
|
4.99%, 05/26/2033(c)
|
|
220,000
|
220,069
|
|
4.92%, 07/20/2033(c)
|
|
3,679,000
|
3,691,933
|
|
5.44%, 01/30/2036(c)
|
|
939,000
|
957,863
|
|
5.67%, 04/25/2036(c)
|
|
1,851,000
|
1,921,240
|
|
General Motors Financial Co., Inc.,
5.40%, 04/06/2026
|
|
35,000
|
35,168
|
|
Synchrony Financial,
|
|
|
|
|
5.02%, 07/29/2029(c)
|
|
588,000
|
587,761
|
|
6.00%, 07/29/2036(c)
|
|
860,000
|
862,968
|
|
|
|
|
33,109,166
|
|
Consumer Staples Merchandise Retail–0.12%
|
|||
|
Dollar General Corp., 5.50%,
11/01/2052
|
|
32,000
|
29,587
|
|
Target Corp., 4.50%,
09/15/2032
|
|
55,000
|
54,623
|
|
Walmart, Inc.,
|
|
|
|
|
3.25%, 07/08/2029
|
|
880,000
|
853,930
|
|
4.90%, 04/28/2035
|
|
2,662,000
|
2,681,301
|
|
4.50%, 04/15/2053
|
|
132,000
|
114,787
|
|
|
|
|
3,734,228
|
|
Distillers & Vintners–0.03%
|
|||
|
Brown-Forman Corp., 4.75%,
04/15/2033
|
|
30,000
|
29,995
|
|
Constellation Brands, Inc.,
|
|
|
|
|
4.80%, 05/01/2030
|
|
512,000
|
514,978
|
|
4.90%, 05/01/2033
|
|
29,000
|
28,757
|
|
Diageo Capital PLC (United
Kingdom), 5.50%,
01/24/2033
|
|
200,000
|
208,634
|
|
|
|
|
782,364
|
|
Distributors–0.06%
|
|||
|
Genuine Parts Co.,
|
|
|
|
|
6.50%, 11/01/2028
|
|
126,000
|
133,328
|
|
4.95%, 08/15/2029
|
|
1,289,000
|
1,305,439
|
|
6.88%, 11/01/2033
|
|
225,000
|
250,470
|
|
|
|
|
1,689,237
|
|
Diversified Banks–8.63%
|
|||
|
Australia and New Zealand Banking
Group Ltd. (Australia), 5.20%,
09/30/2035(b)(c)
|
|
2,491,000
|
2,448,825
|
|
Banco Santander S.A. (Spain),
|
|
|
|
|
3.80%, 02/23/2028
|
|
200,000
|
196,504
|
|
5.55%, 03/14/2028(c)
|
|
1,000,000
|
1,014,638
|
|
4.18%, 03/24/2028(c)
|
|
400,000
|
397,307
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks–(continued)
|
|||
|
Bank of America Corp.,
|
|
|
|
|
3.82%, 01/20/2028(c)
|
|
$400,000
|
$395,818
|
|
4.95%, 07/22/2028(c)
|
|
22,000
|
22,200
|
|
5.19% (SOFR + 0.83%),
01/24/2029(d)
|
|
976,000
|
977,764
|
|
5.20%, 04/25/2029(c)
|
|
137,000
|
139,574
|
|
4.62%, 05/09/2029(c)
|
|
1,977,000
|
1,985,708
|
|
5.82%, 09/15/2029(c)
|
|
202,000
|
209,891
|
|
5.16%, 01/24/2031(c)
|
|
535,000
|
547,472
|
|
5.37% (SOFR + 1.01%),
01/24/2031(d)
|
|
867,000
|
867,068
|
|
5.43%, 08/15/2035(c)
|
|
842,000
|
843,877
|
|
5.52%, 10/25/2035(c)
|
|
200,000
|
200,284
|
|
5.51%, 01/24/2036(c)
|
|
2,114,000
|
2,167,060
|
|
5.46%, 05/09/2036(c)
|
|
2,446,000
|
2,503,873
|
|
2.48%, 09/21/2036(c)
|
|
220,000
|
187,363
|
|
3.85%, 03/08/2037(c)
|
|
220,000
|
201,717
|
|
6.25%(c)(e)
|
|
6,455,000
|
6,448,932
|
|
Bank of Montreal (Canada),
5.30%, 06/05/2026
|
|
64,000
|
64,438
|
|
Bank of New York Mellon (The),
|
|
|
|
|
4.59%, 04/20/2027(c)
|
|
1,711,000
|
1,713,331
|
|
5.06% (SOFR + 0.71%),
04/20/2027(d)
|
|
1,990,000
|
1,994,974
|
|
4.73%, 04/20/2029(c)
|
|
1,306,000
|
1,320,061
|
|
Bank of New Zealand (New
Zealand), 5.70%,
01/28/2035(b)(c)
|
|
809,000
|
825,619
|
|
Bank of Nova Scotia (The) (Canada),
|
|
|
|
|
8.63%, 10/27/2082(c)
|
|
908,000
|
966,677
|
|
8.00%, 01/27/2084(c)
|
|
849,000
|
907,168
|
|
Banque Federative du Credit Mutuel
(France), 4.59%,
10/16/2028(b)
|
|
7,051,000
|
7,071,146
|
|
Barclays PLC (United Kingdom),
|
|
|
|
|
5.83%, 05/09/2027(c)
|
|
200,000
|
201,641
|
|
6.50%, 09/13/2027(c)
|
|
400,000
|
407,938
|
|
5.37%, 02/25/2031(c)
|
|
866,000
|
884,981
|
|
7.44%, 11/02/2033(c)
|
|
200,000
|
227,368
|
|
BNP Paribas S.A. (France),
|
|
|
|
|
4.79%, 05/09/2029(b)(c)
|
|
1,410,000
|
1,415,539
|
|
5.80% (SOFR + 1.43%),
05/09/2029(b)(d)
|
|
4,194,000
|
4,242,961
|
|
5.09%, 05/09/2031(b)(c)
|
|
4,173,000
|
4,215,135
|
|
7.45%(b)(c)(e)
|
|
2,657,000
|
2,713,461
|
|
BPCE S.A. (France),
|
|
|
|
|
6.29%, 01/14/2036(b)(c)
|
|
1,174,000
|
1,235,141
|
|
6.92%, 01/14/2046(b)(c)
|
|
1,007,000
|
1,053,893
|
|
CaixaBank S.A. (Spain), 4.89%,
07/03/2031(b)(c)
|
|
2,309,000
|
2,315,044
|
|
Citibank N.A., 4.93%,
08/06/2026
|
|
1,200,000
|
1,205,847
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks–(continued)
|
|||
|
Citigroup, Inc.,
|
|
|
|
|
5.49% (SOFR + 1.14%),
05/07/2028(d)
|
|
$3,747,000
|
$3,774,953
|
|
5.17%, 02/13/2030(c)
|
|
202,000
|
205,716
|
|
4.54%, 09/19/2030(c)
|
|
1,366,000
|
1,360,797
|
|
4.41%, 03/31/2031(c)
|
|
300,000
|
296,573
|
|
4.95%, 05/07/2031(c)
|
|
4,109,000
|
4,149,213
|
|
5.81% (SOFR + 1.46%),
05/07/2031(d)
|
|
4,007,000
|
4,052,033
|
|
6.17%, 05/25/2034(c)
|
|
182,000
|
190,393
|
|
5.83%, 02/13/2035(c)
|
|
486,000
|
494,417
|
|
5.41%, 09/19/2039(c)
|
|
982,000
|
961,860
|
|
5.61%, 03/04/2056(c)
|
|
2,242,000
|
2,189,144
|
|
Series GG, 6.88%(c)(e)
|
|
8,424,000
|
8,516,664
|
|
Series W, 4.00%(c)(e)
|
|
1,817,000
|
1,809,412
|
|
Comerica, Inc., 5.98%,
01/30/2030(c)
|
|
85,000
|
87,419
|
|
Cooperatieve Rabobank U.A.
(Netherlands),
|
|
|
|
|
4.33%, 08/28/2026
|
|
2,787,000
|
2,787,968
|
|
5.25%, 05/24/2041
|
|
400,000
|
392,238
|
|
Credit Agricole S.A. (France),
5.22%, 05/27/2031(b)(c)
|
|
2,610,000
|
2,653,993
|
|
Fifth Third Bancorp,
|
|
|
|
|
1.71%, 11/01/2027(c)
|
|
39,000
|
37,653
|
|
6.34%, 07/27/2029(c)
|
|
19,000
|
19,972
|
|
4.77%, 07/28/2030(c)
|
|
63,000
|
63,273
|
|
4.90%, 09/06/2030(c)
|
|
300,000
|
302,697
|
|
5.63%, 01/29/2032(c)
|
|
63,000
|
65,279
|
|
Goldman Sachs Bank USA, 5.28%,
03/18/2027(c)
|
|
1,729,000
|
1,735,464
|
|
HSBC Holdings PLC (United Kingdom),
|
|
|
|
|
5.89%, 08/14/2027(c)
|
|
1,173,000
|
1,187,681
|
|
5.60%, 05/17/2028(c)
|
|
951,000
|
967,216
|
|
5.21%, 08/11/2028(c)
|
|
630,000
|
637,653
|
|
5.38% (SOFR + 1.04%),
11/19/2028(d)
|
|
2,229,000
|
2,230,192
|
|
5.55%, 03/04/2030(c)
|
|
200,000
|
205,777
|
|
5.29%, 11/19/2030(c)
|
|
1,459,000
|
1,490,067
|
|
5.63% (SOFR + 1.29%),
11/19/2030(d)
|
|
2,428,000
|
2,428,535
|
|
5.13%, 03/03/2031(c)
|
|
1,190,000
|
1,206,922
|
|
5.24%, 05/13/2031(c)
|
|
2,936,000
|
2,990,511
|
|
5.91% (SOFR + 1.57%),
05/13/2031(d)
|
|
4,576,000
|
4,647,841
|
|
2.36%, 08/18/2031(c)
|
|
300,000
|
267,038
|
|
7.40%, 11/13/2034(c)
|
|
625,000
|
698,821
|
|
5.72%, 03/04/2035(c)
|
|
220,000
|
229,002
|
|
5.79%, 05/13/2036(c)
|
|
2,672,000
|
2,755,985
|
|
6.33%, 03/09/2044(c)
|
|
1,041,000
|
1,112,095
|
|
6.88%(c)(e)
|
|
920,000
|
950,499
|
|
HSBC USA, Inc., 4.65%,
06/03/2028
|
|
2,721,000
|
2,734,977
|
|
ING Groep N.V. (Netherlands),
5.34%, 03/19/2030(c)
|
|
991,000
|
1,015,794
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks–(continued)
|
|||
|
JPMorgan Chase & Co.,
|
|
|
|
|
4.25%, 10/01/2027
|
|
$110,000
|
$110,087
|
|
3.63%, 12/01/2027
|
|
110,000
|
108,298
|
|
5.57%, 04/22/2028(c)
|
|
513,000
|
522,204
|
|
4.85%, 07/25/2028(c)
|
|
32,000
|
32,264
|
|
4.92%, 01/24/2029(c)
|
|
478,000
|
483,276
|
|
5.15% (SOFR + 0.80%),
01/24/2029(d)
|
|
1,531,000
|
1,534,130
|
|
5.30%, 07/24/2029(c)
|
|
136,000
|
139,279
|
|
6.09%, 10/23/2029(c)
|
|
185,000
|
193,824
|
|
5.01%, 01/23/2030(c)
|
|
113,000
|
114,930
|
|
5.58%, 04/22/2030(c)
|
|
410,000
|
425,103
|
|
5.00%, 07/22/2030(c)
|
|
805,000
|
818,818
|
|
4.60%, 10/22/2030(c)
|
|
1,356,000
|
1,359,361
|
|
5.14%, 01/24/2031(c)
|
|
1,106,000
|
1,130,585
|
|
5.10%, 04/22/2031(c)
|
|
1,859,000
|
1,901,601
|
|
2.55%, 11/08/2032(c)
|
|
220,000
|
193,472
|
|
4.59%, 04/26/2033(c)
|
|
19,000
|
18,780
|
|
5.72%, 09/14/2033(c)
|
|
57,000
|
59,417
|
|
5.34%, 01/23/2035(c)
|
|
91,000
|
93,072
|
|
5.50%, 01/24/2036(c)
|
|
983,000
|
1,008,889
|
|
5.57%, 04/22/2036(c)
|
|
1,376,000
|
1,421,500
|
|
5.58%, 07/23/2036(c)
|
|
2,866,000
|
2,910,294
|
|
5.53%, 11/29/2045(c)
|
|
1,403,000
|
1,404,387
|
|
Series NN, 6.88%(c)(e)
|
|
292,000
|
305,921
|
|
KeyBank N.A.,
|
|
|
|
|
4.15%, 08/08/2025
|
|
629,000
|
628,856
|
|
5.85%, 11/15/2027
|
|
936,000
|
962,197
|
|
Lloyds Banking Group PLC (United
Kingdom), 4.98%,
08/11/2033(c)
|
|
200,000
|
199,024
|
|
Mitsubishi UFJ Financial Group, Inc.
(Japan),
|
|
|
|
|
5.02%, 07/20/2028(c)
|
|
699,000
|
705,778
|
|
5.26%, 04/17/2030(c)
|
|
1,041,000
|
1,065,758
|
|
5.16%, 04/24/2031(c)
|
|
1,846,000
|
1,885,682
|
|
5.83% (SOFR + 1.48%),
04/24/2031(d)
|
|
1,390,000
|
1,413,491
|
|
5.41%, 04/19/2034(c)
|
|
716,000
|
738,706
|
|
5.43%, 04/17/2035(c)
|
|
818,000
|
834,861
|
|
5.57%, 01/16/2036(c)
|
|
1,269,000
|
1,306,716
|
|
5.62%, 04/24/2036(c)
|
|
3,034,000
|
3,135,216
|
|
8.20%(c)(e)
|
|
4,274,000
|
4,650,163
|
|
Mizuho Financial Group, Inc. (Japan),
|
|
|
|
|
4.02%, 03/05/2028
|
|
400,000
|
397,396
|
|
5.78%, 07/06/2029(c)
|
|
781,000
|
807,713
|
|
5.38%, 05/26/2030(c)
|
|
400,000
|
409,696
|
|
5.38%, 07/10/2030(c)
|
|
1,000,000
|
1,027,031
|
|
4.71%, 07/08/2031(c)
|
|
3,775,000
|
3,768,750
|
|
5.61% (SOFR + 1.25%),
07/08/2031(d)
|
|
3,869,000
|
3,895,254
|
|
5.59%, 07/10/2035(c)
|
|
688,000
|
708,820
|
|
5.32%, 07/08/2036(c)
|
|
5,648,000
|
5,679,724
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks–(continued)
|
|||
|
Morgan Stanley Bank N.A.,
|
|
|
|
|
4.75%, 04/21/2026
|
|
$840,000
|
$841,842
|
|
5.88%, 10/30/2026
|
|
1,140,000
|
1,160,985
|
|
4.45%, 10/15/2027(c)
|
|
2,241,000
|
2,238,409
|
|
4.95%, 01/14/2028(c)
|
|
1,100,000
|
1,106,660
|
|
5.02%, 01/12/2029(c)
|
|
1,100,000
|
1,113,835
|
|
5.25% (SOFR + 0.90%),
01/12/2029(d)
|
|
1,631,000
|
1,636,276
|
|
Morgan Stanley Private Bank, N.A.,
|
|
|
|
|
4.47%, 07/06/2028(c)
|
|
3,145,000
|
3,142,634
|
|
5.12% (SOFR + 0.77%),
07/06/2028(d)
|
|
7,955,000
|
7,970,364
|
|
4.73%, 07/18/2031(c)
|
|
2,796,000
|
2,809,244
|
|
National Australia Bank Ltd.
(Australia), 5.90%,
01/14/2036(b)(c)
|
|
2,154,000
|
2,209,247
|
|
National Securities Clearing Corp.,
|
|
|
|
|
5.10%, 11/21/2027(b)
|
|
1,087,000
|
1,106,336
|
|
5.00%, 05/30/2028(b)
|
|
928,000
|
944,838
|
|
Norinchukin Bank (The) (Japan),
5.09%, 10/16/2029(b)
|
|
963,000
|
974,427
|
|
PNC Bank N.A., 4.78%,
01/15/2027(c)
|
|
2,634,000
|
2,635,319
|
|
PNC Financial Services Group, Inc.
(The),
|
|
|
|
|
6.62%, 10/20/2027(c)
|
|
247,000
|
252,885
|
|
5.58%, 06/12/2029(c)
|
|
150,000
|
154,692
|
|
4.90%, 05/13/2031(c)
|
|
3,792,000
|
3,835,009
|
|
5.07%, 01/24/2034(c)
|
|
110,000
|
110,374
|
|
5.37%, 07/21/2036(c)
|
|
2,733,000
|
2,762,379
|
|
Royal Bank of Canada (Canada),
|
|
|
|
|
4.95%, 02/01/2029
|
|
85,000
|
86,835
|
|
5.00%, 02/01/2033
|
|
66,000
|
67,121
|
|
7.50%, 05/02/2084(c)
|
|
994,000
|
1,036,142
|
|
Standard Chartered PLC (United
Kingdom),
|
|
|
|
|
6.19%, 07/06/2027(b)(c)
|
|
788,000
|
798,534
|
|
6.75%, 02/08/2028(b)(c)
|
|
783,000
|
806,072
|
|
7.02%, 02/08/2030(b)(c)
|
|
785,000
|
844,962
|
|
5.01%, 10/15/2030(b)(c)
|
|
956,000
|
967,123
|
|
5.24%, 05/13/2031(b)(c)
|
|
2,151,000
|
2,185,235
|
|
6.02% (SOFR + 1.68%),
05/13/2031(b)(d)
|
|
2,167,000
|
2,203,446
|
|
2.68%, 06/29/2032(b)(c)
|
|
1,468,000
|
1,292,264
|
|
Sumitomo Mitsui Trust Bank Ltd.
(Japan),
|
|
|
|
|
5.65%, 03/09/2026(b)
|
|
757,000
|
762,061
|
|
5.65%, 09/14/2026(b)
|
|
850,000
|
860,677
|
|
5.20%, 03/07/2027(b)
|
|
934,000
|
945,581
|
|
5.55%, 09/14/2028(b)
|
|
1,038,000
|
1,073,447
|
|
5.20%, 03/07/2029(b)
|
|
1,295,000
|
1,326,112
|
|
5.35%, 03/07/2034(b)
|
|
1,023,000
|
1,045,961
|
|
Toronto-Dominion Bank (The) (Canada),
|
|
|
|
|
4.78%, 12/17/2029
|
|
1,909,000
|
1,928,846
|
|
2.45%, 01/12/2032
|
|
200,000
|
174,855
|
|
8.13%, 10/31/2082(c)
|
|
901,000
|
951,986
|
|
7.25%, 07/31/2084(c)
|
|
1,002,000
|
1,041,390
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Banks–(continued)
|
|||
|
Truist Bank,
|
|
|
|
|
4.42%, 07/24/2028(c)
|
|
$6,097,000
|
$6,089,170
|
|
5.12% (SOFR + 0.77%),
07/24/2028(d)
|
|
7,848,000
|
7,864,605
|
|
2.25%, 03/11/2030
|
|
250,000
|
224,891
|
|
U.S. Bancorp,
|
|
|
|
|
5.78%, 06/12/2029(c)
|
|
110,000
|
113,909
|
|
4.97%, 07/22/2033(c)
|
|
110,000
|
108,505
|
|
UBS AG (Switzerland), 5.65%,
09/11/2028
|
|
751,000
|
779,867
|
|
Wells Fargo & Co.,
|
|
|
|
|
5.13% (SOFR + 0.78%),
01/24/2028(d)
|
|
1,714,000
|
1,717,135
|
|
5.71%, 04/22/2028(c)
|
|
339,000
|
345,698
|
|
4.15%, 01/24/2029
|
|
330,000
|
327,183
|
|
5.72% (SOFR + 1.37%),
04/23/2029(d)
|
|
2,034,000
|
2,063,608
|
|
5.57%, 07/25/2029(c)
|
|
91,000
|
93,715
|
|
6.30%, 10/23/2029(c)
|
|
127,000
|
133,670
|
|
5.20%, 01/23/2030(c)
|
|
150,000
|
153,222
|
|
5.15%, 04/23/2031(c)
|
|
3,330,000
|
3,398,884
|
|
5.39%, 04/24/2034(c)
|
|
55,000
|
56,293
|
|
5.56%, 07/25/2034(c)
|
|
211,000
|
217,818
|
|
5.50%, 01/23/2035(c)
|
|
190,000
|
194,785
|
|
5.61%, 04/23/2036(c)
|
|
3,576,000
|
3,684,491
|
|
3.07%, 04/30/2041(c)
|
|
200,000
|
150,916
|
|
4.61%, 04/25/2053(c)
|
|
24,000
|
20,497
|
|
7.63%(c)(e)
|
|
91,000
|
97,093
|
|
Series W, 4.90%,
01/24/2028(c)
|
|
760,000
|
764,139
|
|
Series BB, 3.90%(c)(e)
|
|
1,586,000
|
1,572,194
|
|
Westpac Banking Corp. (Australia),
|
|
|
|
|
5.18% (SOFR + 0.82%),
07/01/2030(d)
|
|
2,955,000
|
2,976,487
|
|
6.82%, 11/17/2033
|
|
354,000
|
389,722
|
|
5.62%, 11/20/2035(c)
|
|
787,000
|
794,075
|
|
|
|
|
262,889,276
|
|
Diversified Capital Markets–0.45%
|
|||
|
Deutsche Bank AG (Germany),
|
|
|
|
|
5.37%, 01/10/2029(c)
|
|
1,633,000
|
1,660,415
|
|
6.82%, 11/20/2029(c)
|
|
150,000
|
159,691
|
|
UBS Group AG (Switzerland),
|
|
|
|
|
5.71%, 01/12/2027(b)(c)
|
|
626,000
|
628,659
|
|
4.75%, 05/12/2028(b)(c)
|
|
756,000
|
758,694
|
|
5.43%, 02/08/2030(b)(c)
|
|
749,000
|
768,098
|
|
6.60%(b)(c)(e)
|
|
3,599,000
|
3,599,000
|
|
7.00%(b)(c)(e)
|
|
2,649,000
|
2,649,000
|
|
7.13%(b)(c)(e)
|
|
1,381,000
|
1,402,175
|
|
9.25%(b)(c)(e)
|
|
792,000
|
930,365
|
|
9.25%(b)(c)(e)
|
|
998,000
|
1,097,831
|
|
|
|
|
13,653,928
|
|
Diversified Financial Services–0.88%
|
|||
|
AerCap Ireland Capital DAC/AerCap
Global Aviation Trust (Ireland),
|
|
|
|
|
5.10%, 01/19/2029
|
|
547,000
|
555,696
|
|
6.50%, 01/31/2056(c)
|
|
1,609,000
|
1,632,675
|
|
Aircastle Ltd./Aircastle Ireland
DAC, 5.00%, 09/15/2030(b)
|
|
2,076,000
|
2,073,162
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified Financial Services–(continued)
|
|||
|
Apollo Global Management, Inc.,
6.38%, 11/15/2033
|
|
$196,000
|
$213,708
|
|
Avolon Holdings Funding Ltd. (Ireland),
|
|
|
|
|
4.95%, 01/15/2028(b)
|
|
1,135,000
|
1,140,530
|
|
6.38%, 05/04/2028(b)
|
|
104,000
|
108,300
|
|
BlackRock Funding, Inc.,
|
|
|
|
|
4.70%, 03/14/2029
|
|
110,000
|
111,874
|
|
4.90%, 01/08/2035
|
|
233,000
|
234,688
|
|
5.35%, 01/08/2055
|
|
100,000
|
96,512
|
|
Citadel Finance LLC, 5.90%,
02/10/2030(b)
|
|
2,265,000
|
2,275,506
|
|
Citadel Securities Global Holdings LLC,
|
|
|
|
|
5.50%, 06/18/2030(b)
|
|
1,249,000
|
1,260,543
|
|
6.20%, 06/18/2035(b)
|
|
871,000
|
888,694
|
|
Corebridge Financial, Inc.,
|
|
|
|
|
6.05%, 09/15/2033
|
|
162,000
|
170,494
|
|
5.75%, 01/15/2034
|
|
256,000
|
265,827
|
|
Horizon Mutual Holdings, Inc.,
6.20%, 11/15/2034(b)
|
|
6,000,000
|
5,832,350
|
|
LPL Holdings, Inc.,
|
|
|
|
|
5.70%, 05/20/2027
|
|
530,000
|
538,889
|
|
5.20%, 03/15/2030
|
|
1,661,000
|
1,681,963
|
|
5.15%, 06/15/2030
|
|
1,298,000
|
1,313,472
|
|
5.65%, 03/15/2035
|
|
1,722,000
|
1,728,937
|
|
5.75%, 06/15/2035
|
|
957,000
|
968,318
|
|
USAA Capital Corp., 4.38%,
06/01/2028(b)
|
|
3,852,000
|
3,862,330
|
|
|
|
|
26,954,468
|
|
Diversified Metals & Mining–0.45%
|
|||
|
BHP Billiton Finance (USA) Ltd.
(Australia),
|
|
|
|
|
5.10%, 09/08/2028
|
|
274,000
|
280,264
|
|
5.25%, 09/08/2030
|
|
183,000
|
189,217
|
|
5.25%, 09/08/2033
|
|
691,000
|
708,173
|
|
Glencore Funding LLC (Australia),
|
|
|
|
|
4.91%, 04/01/2028(b)
|
|
2,056,000
|
2,075,927
|
|
5.37%, 04/04/2029(b)
|
|
265,000
|
271,481
|
|
5.19%, 04/01/2030(b)
|
|
1,417,000
|
1,440,503
|
|
5.63%, 04/04/2034(b)
|
|
225,000
|
229,553
|
|
5.67%, 04/01/2035(b)
|
|
1,427,000
|
1,452,615
|
|
5.89%, 04/04/2054(b)
|
|
160,000
|
157,331
|
|
6.14%, 04/01/2055(b)
|
|
552,000
|
560,046
|
|
Rio Tinto Alcan, Inc. (Canada),
6.13%, 12/15/2033
|
|
400,000
|
432,612
|
|
Rio Tinto Finance (USA) PLC (Australia),
|
|
|
|
|
4.38%, 03/12/2027
|
|
993,000
|
996,144
|
|
4.50%, 03/14/2028
|
|
222,000
|
223,121
|
|
4.88%, 03/14/2030
|
|
1,305,000
|
1,325,274
|
|
5.00%, 03/14/2032
|
|
851,000
|
864,781
|
|
5.25%, 03/14/2035
|
|
1,053,000
|
1,069,270
|
|
5.75%, 03/14/2055
|
|
1,020,000
|
1,021,842
|
|
5.88%, 03/14/2065
|
|
500,000
|
503,454
|
|
|
|
|
13,801,608
|
|
Diversified REITs–0.04%
|
|||
|
ERP Operating L.P., 4.95%,
06/15/2032
|
|
1,034,000
|
1,043,140
|
|
|
Principal
Amount
|
Value
|
|
|
Diversified REITs–(continued)
|
|||
|
VICI Properties L.P.,
|
|
|
|
|
5.75%, 04/01/2034
|
|
$102,000
|
$104,425
|
|
6.13%, 04/01/2054
|
|
94,000
|
92,201
|
|
|
|
|
1,239,766
|
|
Diversified Support Services–0.07%
|
|||
|
Element Fleet Management Corp.
(Canada),
|
|
|
|
|
6.32%, 12/04/2028(b)
|
|
156,000
|
163,919
|
|
5.04%, 03/25/2030(b)
|
|
1,888,000
|
1,905,133
|
|
|
|
|
2,069,052
|
|
Electric Utilities–2.30%
|
|||
|
AEP Transmission Co. LLC, 5.38%,
06/15/2035
|
|
573,000
|
582,748
|
|
Alabama Power Co.,
|
|
|
|
|
5.85%, 11/15/2033
|
|
71,000
|
75,375
|
|
5.10%, 04/02/2035
|
|
410,000
|
412,403
|
|
American Electric Power Co., Inc.,
|
|
|
|
|
5.75%, 11/01/2027
|
|
48,000
|
49,266
|
|
5.20%, 01/15/2029
|
|
193,000
|
197,278
|
|
Baltimore Gas and Electric Co.,
5.45%, 06/01/2035
|
|
1,208,000
|
1,239,398
|
|
Capital Power (US Holdings), Inc.
(Canada),
|
|
|
|
|
5.26%, 06/01/2028(b)
|
|
1,540,000
|
1,556,770
|
|
6.19%, 06/01/2035(b)
|
|
2,296,000
|
2,363,668
|
|
CenterPoint Energy Houston
Electric LLC,
|
|
|
|
|
4.80%, 03/15/2030
|
|
1,045,000
|
1,058,596
|
|
5.05%, 03/01/2035
|
|
355,000
|
353,333
|
|
Commonwealth Edison Co.,
|
|
|
|
|
3.70%, 08/15/2028
|
|
400,000
|
393,341
|
|
5.95%, 06/01/2055
|
|
899,000
|
932,958
|
|
Connecticut Light and Power Co. (The),
|
|
|
|
|
4.95%, 08/15/2034
|
|
126,000
|
125,679
|
|
5.25%, 01/15/2053
|
|
35,000
|
32,717
|
|
Consolidated Edison Co. of New York,
Inc.,
|
|
|
|
|
5.50%, 03/15/2034
|
|
105,000
|
109,132
|
|
5.90%, 11/15/2053
|
|
123,000
|
125,393
|
|
Constellation Energy Generation LLC,
|
|
|
|
|
6.13%, 01/15/2034
|
|
72,000
|
77,479
|
|
6.50%, 10/01/2053
|
|
53,000
|
57,372
|
|
5.75%, 03/15/2054
|
|
210,000
|
206,288
|
|
DTE Electric Co.,
|
|
|
|
|
5.20%, 03/01/2034
|
|
165,000
|
168,685
|
|
5.85%, 05/15/2055
|
|
532,000
|
556,591
|
|
Duke Energy Carolinas LLC,
|
|
|
|
|
4.85%, 03/15/2030
|
|
706,000
|
718,905
|
|
5.25%, 03/15/2035
|
|
1,151,000
|
1,175,655
|
|
5.35%, 01/15/2053
|
|
55,000
|
52,444
|
|
Duke Energy Corp.,
|
|
|
|
|
4.85%, 01/05/2029
|
|
199,000
|
201,373
|
|
5.00%, 08/15/2052
|
|
29,000
|
25,326
|
|
Duke Energy Indiana LLC,
|
|
|
|
|
5.40%, 04/01/2053
|
|
52,000
|
49,474
|
|
5.90%, 05/15/2055
|
|
620,000
|
635,159
|
|
Electricite de France S.A. (France),
|
|
|
|
|
5.70%, 05/23/2028(b)
|
|
627,000
|
644,741
|
|
6.38%, 01/13/2055(b)
|
|
3,666,000
|
3,711,720
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities–(continued)
|
|||
|
Enel Finance International N.V.
(Italy), 7.05%, 10/14/2025(b)
|
|
$733,000
|
$735,906
|
|
Entergy Louisiana LLC,
|
|
|
|
|
5.15%, 09/15/2034
|
|
309,000
|
311,099
|
|
5.80%, 03/15/2055
|
|
548,000
|
547,131
|
|
Entergy Texas, Inc.,
|
|
|
|
|
5.25%, 04/15/2035
|
|
755,000
|
762,884
|
|
5.55%, 09/15/2054
|
|
259,000
|
247,347
|
|
Evergy Metro, Inc., 4.95%,
04/15/2033
|
|
72,000
|
72,260
|
|
Exelon Corp.,
|
|
|
|
|
5.15%, 03/15/2029
|
|
218,000
|
223,027
|
|
5.13%, 03/15/2031
|
|
2,079,000
|
2,122,478
|
|
5.45%, 03/15/2034
|
|
183,000
|
187,638
|
|
5.60%, 03/15/2053
|
|
156,000
|
148,960
|
|
5.88%, 03/15/2055
|
|
1,266,000
|
1,258,503
|
|
FirstEnergy Pennsylvania Electric
Co., 5.20%, 04/01/2028(b)
|
|
28,000
|
28,521
|
|
FirstEnergy Transmission LLC,
|
|
|
|
|
4.55%, 01/15/2030
|
|
649,000
|
648,081
|
|
5.00%, 01/15/2035
|
|
357,000
|
353,194
|
|
Florida Power & Light Co.,
|
|
|
|
|
4.80%, 05/15/2033
|
|
51,000
|
50,958
|
|
5.80%, 03/15/2065
|
|
435,000
|
441,844
|
|
Georgia Power Co.,
|
|
|
|
|
4.65%, 05/16/2028
|
|
53,000
|
53,474
|
|
4.95%, 05/17/2033
|
|
64,000
|
64,329
|
|
MidAmerican Energy Co.,
|
|
|
|
|
5.35%, 01/15/2034
|
|
57,000
|
58,834
|
|
5.85%, 09/15/2054
|
|
65,000
|
66,468
|
|
5.30%, 02/01/2055
|
|
156,000
|
147,865
|
|
National Rural Utilities Cooperative
Finance Corp.,
|
|
|
|
|
4.12%, 09/16/2027
|
|
1,838,000
|
1,832,372
|
|
4.85%, 02/07/2029
|
|
373,000
|
379,100
|
|
5.00%, 02/07/2031
|
|
350,000
|
357,801
|
|
5.80%, 01/15/2033
|
|
26,000
|
27,560
|
|
5.00%, 08/15/2034
|
|
1,196,000
|
1,198,757
|
|
7.13%, 09/15/2053(c)
|
|
835,000
|
875,649
|
|
NextEra Energy Capital Holdings, Inc.,
|
|
|
|
|
4.63%, 07/15/2027
|
|
71,000
|
71,271
|
|
4.69%, 09/01/2027
|
|
6,427,000
|
6,460,408
|
|
4.85%, 02/04/2028
|
|
337,000
|
340,643
|
|
4.90%, 03/15/2029
|
|
568,000
|
576,137
|
|
Niagara Mohawk Power Corp.,
|
|
|
|
|
4.65%, 10/03/2030(b)
|
|
3,525,000
|
3,502,244
|
|
5.29%, 01/17/2034(b)
|
|
155,000
|
155,588
|
|
Northern States Power Co.,
|
|
|
|
|
5.05%, 05/15/2035
|
|
1,618,000
|
1,627,931
|
|
5.65%, 05/15/2055
|
|
1,293,000
|
1,296,002
|
|
OGE Energy Corp., 5.45%,
05/15/2029
|
|
800,000
|
824,696
|
|
Oglethorpe Power Corp., 5.90%,
02/01/2055
|
|
438,000
|
431,599
|
|
Ohio Power Co., 5.65%,
06/01/2034
|
|
308,000
|
317,238
|
|
Oklahoma Gas and Electric Co.,
5.60%, 04/01/2053
|
|
882,000
|
857,891
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities–(continued)
|
|||
|
Oncor Electric Delivery Co. LLC,
|
|
|
|
|
4.50%, 03/20/2027(b)
|
|
$2,068,000
|
$2,074,177
|
|
4.65%, 11/01/2029
|
|
1,232,000
|
1,243,664
|
|
4.15%, 06/01/2032
|
|
110,000
|
106,045
|
|
4.55%, 09/15/2032
|
|
110,000
|
108,559
|
|
5.65%, 11/15/2033
|
|
158,000
|
166,144
|
|
5.80%, 04/01/2055(b)
|
|
1,627,000
|
1,637,163
|
|
Pacific Gas and Electric Co.,
|
|
|
|
|
6.10%, 01/15/2029
|
|
110,000
|
113,800
|
|
5.55%, 05/15/2029
|
|
110,000
|
112,168
|
|
3.25%, 06/01/2031
|
|
440,000
|
397,790
|
|
4.40%, 03/01/2032
|
|
220,000
|
209,151
|
|
6.70%, 04/01/2053
|
|
110,000
|
112,899
|
|
PacifiCorp,
|
|
|
|
|
5.10%, 02/15/2029
|
|
231,000
|
234,978
|
|
5.30%, 02/15/2031
|
|
192,000
|
197,178
|
|
5.45%, 02/15/2034
|
|
217,000
|
218,903
|
|
5.80%, 01/15/2055
|
|
133,000
|
126,612
|
|
Pinnacle West Capital Corp.,
|
|
|
|
|
4.90%, 05/15/2028
|
|
395,000
|
398,692
|
|
5.15%, 05/15/2030
|
|
970,000
|
989,375
|
|
PPL Capital Funding, Inc., 5.25%,
09/01/2034
|
|
171,000
|
172,530
|
|
PSEG Power LLC, 5.20%,
05/15/2030(b)
|
|
1,697,000
|
1,734,769
|
|
Public Service Co. of Colorado,
|
|
|
|
|
5.35%, 05/15/2034
|
|
200,000
|
202,959
|
|
5.25%, 04/01/2053
|
|
46,000
|
42,260
|
|
Public Service Co. of New Hampshire,
|
|
|
|
|
4.40%, 07/01/2028
|
|
4,549,000
|
4,561,659
|
|
5.35%, 10/01/2033
|
|
76,000
|
78,448
|
|
San Diego Gas & Electric Co.,
|
|
|
|
|
5.35%, 04/01/2053
|
|
87,000
|
81,030
|
|
5.55%, 04/15/2054
|
|
312,000
|
299,750
|
|
Sierra Pacific Power Co., 5.90%,
03/15/2054
|
|
40,000
|
39,942
|
|
Southern California Edison Co.,
|
|
|
|
|
2.75%, 02/01/2032
|
|
110,000
|
95,411
|
|
3.65%, 02/01/2050
|
|
700,000
|
477,901
|
|
5.75%, 04/15/2054
|
|
110,000
|
101,135
|
|
Southern Co. (The),
|
|
|
|
|
5.15%, 10/06/2025
|
|
43,000
|
43,016
|
|
5.70%, 10/15/2032
|
|
29,000
|
30,434
|
|
4.85%, 03/15/2035
|
|
469,000
|
456,761
|
|
Southwestern Electric Power Co.,
5.30%, 04/01/2033
|
|
68,000
|
68,609
|
|
Southwestern Public Service Co.,
6.00%, 06/01/2054
|
|
200,000
|
201,291
|
|
Trans-Allegheny Interstate Line
Co., 5.00%, 01/15/2031(b)
|
|
885,000
|
897,198
|
|
Tucson Electric Power Co., 5.20%,
09/15/2034
|
|
200,000
|
200,849
|
|
Union Electric Co.,
|
|
|
|
|
5.20%, 04/01/2034
|
|
453,000
|
459,208
|
|
5.25%, 04/15/2035
|
|
1,025,000
|
1,040,611
|
|
5.13%, 03/15/2055
|
|
348,000
|
318,369
|
|
Virginia Electric & Power Co.,
5.00%, 04/01/2033
|
|
62,000
|
62,498
|
|
|
Principal
Amount
|
Value
|
|
|
Electric Utilities–(continued)
|
|||
|
Vistra Operations Co. LLC,
|
|
|
|
|
5.05%, 12/30/2026(b)
|
|
$772,000
|
$773,908
|
|
6.95%, 10/15/2033(b)
|
|
122,000
|
134,225
|
|
6.00%, 04/15/2034(b)
|
|
218,000
|
226,454
|
|
5.70%, 12/30/2034(b)
|
|
769,000
|
783,546
|
|
Xcel Energy, Inc.,
|
|
|
|
|
4.75%, 03/21/2028
|
|
412,000
|
414,640
|
|
3.40%, 06/01/2030
|
|
110,000
|
104,326
|
|
|
|
|
70,103,990
|
|
Electrical Components & Equipment–0.10%
|
|||
|
Molex Electronic Technologies LLC,
|
|
|
|
|
4.75%, 04/30/2028(b)
|
|
1,592,000
|
1,593,986
|
|
5.25%, 04/30/2032(b)
|
|
1,510,000
|
1,515,416
|
|
|
|
|
3,109,402
|
|
Electronic Components–0.22%
|
|||
|
Amphenol Corp.,
|
|
|
|
|
4.38%, 06/12/2028
|
|
5,814,000
|
5,829,239
|
|
5.00%, 01/15/2035
|
|
581,000
|
583,882
|
|
5.38%, 11/15/2054
|
|
287,000
|
279,013
|
|
|
|
|
6,692,134
|
|
Electronic Equipment & Instruments–0.05%
|
|||
|
Keysight Technologies, Inc.,
5.35%, 07/30/2030
|
|
1,565,000
|
1,610,122
|
|
Electronic Manufacturing Services–0.00%
|
|||
|
Jabil, Inc., 3.00%, 01/15/2031
|
|
100,000
|
90,910
|
|
Environmental & Facilities Services–0.09%
|
|||
|
Republic Services, Inc.,
|
|
|
|
|
4.88%, 04/01/2029
|
|
264,000
|
269,131
|
|
5.00%, 12/15/2033
|
|
173,000
|
175,774
|
|
5.00%, 04/01/2034
|
|
29,000
|
29,307
|
|
Rollins, Inc., 5.25%, 02/24/2035
|
|
586,000
|
585,772
|
|
Veralto Corp.,
|
|
|
|
|
5.50%, 09/18/2026
|
|
520,000
|
524,696
|
|
5.35%, 09/18/2028
|
|
165,000
|
169,281
|
|
Waste Management, Inc., 5.35%,
10/15/2054
|
|
1,066,000
|
1,031,627
|
|
|
|
|
2,785,588
|
|
Financial Exchanges & Data–0.02%
|
|||
|
Intercontinental Exchange, Inc.,
|
|
|
|
|
3.63%, 09/01/2028
|
|
110,000
|
107,740
|
|
5.25%, 06/15/2031
|
|
110,000
|
113,750
|
|
4.60%, 03/15/2033
|
|
22,000
|
21,845
|
|
4.95%, 06/15/2052
|
|
24,000
|
21,542
|
|
5.20%, 06/15/2062
|
|
50,000
|
46,500
|
|
Nasdaq, Inc.,
|
|
|
|
|
5.35%, 06/28/2028
|
|
45,000
|
46,223
|
|
5.55%, 02/15/2034
|
|
53,000
|
55,008
|
|
5.95%, 08/15/2053
|
|
19,000
|
19,324
|
|
6.10%, 06/28/2063
|
|
46,000
|
46,988
|
|
|
|
|
478,920
|
|
Food Distributors–0.43%
|
|||
|
Bunge Ltd. Finance Corp.,
|
|
|
|
|
4.55%, 08/04/2030
|
|
9,154,000
|
9,138,880
|
|
5.15%, 08/04/2035
|
|
3,193,000
|
3,186,344
|
|
|
Principal
Amount
|
Value
|
|
|
Food Distributors–(continued)
|
|||
|
Sysco Corp., 5.10%, 09/23/2030
|
|
$679,000
|
$693,648
|
|
|
|
|
13,018,872
|
|
Food Retail–0.06%
|
|||
|
Kroger Co. (The),
|
|
|
|
|
5.00%, 09/15/2034
|
|
874,000
|
865,006
|
|
5.65%, 09/15/2064
|
|
999,000
|
943,097
|
|
|
|
|
1,808,103
|
|
Forest Products–0.11%
|
|||
|
Georgia-Pacific LLC,
|
|
|
|
|
4.40%, 06/30/2028(b)
|
|
1,865,000
|
1,868,908
|
|
4.95%, 06/30/2032(b)
|
|
1,446,000
|
1,456,936
|
|
|
|
|
3,325,844
|
|
Gas Utilities–0.44%
|
|||
|
Atmos Energy Corp.,
|
|
|
|
|
5.90%, 11/15/2033
|
|
86,000
|
92,031
|
|
5.20%, 08/15/2035
|
|
4,024,000
|
4,054,820
|
|
6.20%, 11/15/2053
|
|
58,000
|
62,289
|
|
CenterPoint Energy Resources
Corp., 1.75%, 10/01/2030
|
|
440,000
|
383,259
|
|
Piedmont Natural Gas Co., Inc.,
5.40%, 06/15/2033
|
|
75,000
|
76,751
|
|
Snam S.p.A. (Italy),
|
|
|
|
|
5.00%, 05/28/2030(b)
|
|
2,245,000
|
2,258,825
|
|
5.75%, 05/28/2035(b)
|
|
2,369,000
|
2,430,123
|
|
6.50%, 05/28/2055(b)
|
|
2,199,000
|
2,286,034
|
|
Southern California Gas Co.,
|
|
|
|
|
2.95%, 04/15/2027
|
|
110,000
|
107,482
|
|
5.20%, 06/01/2033
|
|
110,000
|
111,615
|
|
5.75%, 06/01/2053
|
|
200,000
|
196,655
|
|
Southern Natural Gas Co., L.L.C.,
5.45%, 08/01/2035(b)
|
|
1,171,000
|
1,173,610
|
|
Southwest Gas Corp., 5.45%,
03/23/2028
|
|
46,000
|
47,034
|
|
|
|
|
13,280,528
|
|
Health Care Distributors–0.42%
|
|||
|
Cardinal Health, Inc., 5.45%,
02/15/2034
|
|
136,000
|
139,230
|
|
Cencora, Inc., 5.13%,
02/15/2034
|
|
129,000
|
129,637
|
|
McKesson Corp.,
|
|
|
|
|
4.25%, 09/15/2029
|
|
430,000
|
428,418
|
|
4.65%, 05/30/2030
|
|
4,753,000
|
4,782,400
|
|
4.95%, 05/30/2032
|
|
2,860,000
|
2,884,744
|
|
5.10%, 07/15/2033
|
|
49,000
|
49,898
|
|
5.25%, 05/30/2035
|
|
4,426,000
|
4,478,965
|
|
|
|
|
12,893,292
|
|
Health Care Equipment–0.27%
|
|||
|
Becton, Dickinson and Co., 4.69%,
02/13/2028
|
|
40,000
|
40,325
|
|
GE HealthCare Technologies, Inc.,
4.80%, 01/15/2031
|
|
2,959,000
|
2,974,961
|
|
Smith & Nephew PLC (United Kingdom),
|
|
|
|
|
5.15%, 03/20/2027
|
|
649,000
|
655,886
|
|
5.40%, 03/20/2034
|
|
438,000
|
444,672
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Equipment–(continued)
|
|||
|
Stryker Corp.,
|
|
|
|
|
4.55%, 02/10/2027
|
|
$1,090,000
|
$1,093,719
|
|
4.70%, 02/10/2028
|
|
429,000
|
433,076
|
|
3.65%, 03/07/2028
|
|
200,000
|
197,055
|
|
4.25%, 09/11/2029
|
|
993,000
|
988,052
|
|
4.85%, 02/10/2030
|
|
1,438,000
|
1,462,534
|
|
|
|
|
8,290,280
|
|
Health Care Facilities–0.08%
|
|||
|
Adventist Health System, 5.76%,
12/01/2034
|
|
205,000
|
205,058
|
|
Sutter Health, Series 2025,
5.54%, 08/15/2035
|
|
100,000
|
102,657
|
|
Universal Health Services, Inc.,
|
|
|
|
|
4.63%, 10/15/2029
|
|
874,000
|
862,017
|
|
5.05%, 10/15/2034
|
|
1,134,000
|
1,078,447
|
|
UPMC,
|
|
|
|
|
5.04%, 05/15/2033
|
|
204,000
|
204,369
|
|
5.38%, 05/15/2043
|
|
121,000
|
115,470
|
|
|
|
|
2,568,018
|
|
Health Care REITs–0.11%
|
|||
|
Alexandria Real Estate Equities, Inc.,
|
|
|
|
|
5.25%, 05/15/2036
|
|
77,000
|
75,869
|
|
5.63%, 05/15/2054
|
|
335,000
|
314,674
|
|
Healthpeak OP LLC, 5.38%,
02/15/2035
|
|
425,000
|
429,029
|
|
Omega Healthcare Investors, Inc.,
5.20%, 07/01/2030
|
|
2,541,000
|
2,550,363
|
|
|
|
|
3,369,935
|
|
Health Care Services–0.48%
|
|||
|
CommonSpirit Health,
|
|
|
|
|
2.78%, 10/01/2030
|
|
200,000
|
182,549
|
|
5.21%, 12/01/2031
|
|
4,427,000
|
4,521,257
|
|
5.32%, 12/01/2034
|
|
726,000
|
730,142
|
|
5.55%, 12/01/2054
|
|
215,000
|
202,756
|
|
CVS Health Corp.,
|
|
|
|
|
3.63%, 04/01/2027
|
|
220,000
|
216,953
|
|
6.25%, 06/01/2027
|
|
110,000
|
113,351
|
|
4.30%, 03/25/2028
|
|
110,000
|
109,300
|
|
5.00%, 01/30/2029
|
|
202,000
|
204,746
|
|
5.13%, 02/21/2030
|
|
220,000
|
223,614
|
|
3.75%, 04/01/2030
|
|
110,000
|
105,424
|
|
5.25%, 01/30/2031
|
|
26,000
|
26,473
|
|
2.13%, 09/15/2031
|
|
440,000
|
375,484
|
|
6.00%, 06/01/2063
|
|
33,000
|
31,542
|
|
HCA, Inc.,
|
|
|
|
|
3.13%, 03/15/2027
|
|
110,000
|
107,575
|
|
5.00%, 03/01/2028
|
|
580,000
|
586,517
|
|
5.45%, 04/01/2031
|
|
110,000
|
113,097
|
|
5.45%, 09/15/2034
|
|
279,000
|
280,272
|
|
5.75%, 03/01/2035
|
|
1,027,000
|
1,052,336
|
|
5.90%, 06/01/2053
|
|
81,000
|
77,735
|
|
5.95%, 09/15/2054
|
|
440,000
|
424,717
|
|
6.20%, 03/01/2055
|
|
414,000
|
413,417
|
|
Icon Investments Six DAC,
|
|
|
|
|
5.81%, 05/08/2027
|
|
1,130,000
|
1,149,098
|
|
5.85%, 05/08/2029
|
|
1,029,000
|
1,067,411
|
|
6.00%, 05/08/2034
|
|
953,000
|
975,758
|
|
|
Principal
Amount
|
Value
|
|
|
Health Care Services–(continued)
|
|||
|
Laboratory Corp. of America
Holdings, 4.35%, 04/01/2030
|
|
$1,187,000
|
$1,175,062
|
|
Piedmont Healthcare, Inc., 2.86%,
01/01/2052
|
|
107,000
|
66,379
|
|
Providence St. Joseph Health
Obligated Group, Series 21-A,
2.70%, 10/01/2051
|
|
165,000
|
94,933
|
|
Quest Diagnostics, Inc., 6.40%,
11/30/2033
|
|
98,000
|
107,239
|
|
|
|
|
14,735,137
|
|
Health Care Supplies–0.04%
|
|||
|
Solventum Corp.,
|
|
|
|
|
5.45%, 02/25/2027
|
|
281,000
|
285,442
|
|
5.40%, 03/01/2029
|
|
539,000
|
554,663
|
|
5.60%, 03/23/2034
|
|
302,000
|
309,879
|
|
|
|
|
1,149,984
|
|
Highways & Railtracks–0.15%
|
|||
|
Burlington Northern Santa Fe LLC,
5.80%, 03/15/2056
|
|
4,400,000
|
4,477,272
|
|
Home Improvement Retail–0.01%
|
|||
|
Home Depot, Inc. (The), 4.90%,
04/15/2029
|
|
265,000
|
271,128
|
|
Lowe’s Cos., Inc.,
|
|
|
|
|
5.80%, 09/15/2062
|
|
6,000
|
5,784
|
|
5.85%, 04/01/2063
|
|
143,000
|
138,222
|
|
|
|
|
415,134
|
|
Homebuilding–0.11%
|
|||
|
Toll Brothers Finance Corp.,
5.60%, 06/15/2035
|
|
3,240,000
|
3,257,394
|
|
Hotel & Resort REITs–0.10%
|
|||
|
Phillips Edison Grocery Center
Operating Partnership I L.P.,
|
|
|
|
|
5.25%, 08/15/2032
|
|
2,489,000
|
2,504,408
|
|
5.75%, 07/15/2034
|
|
154,000
|
158,296
|
|
4.95%, 01/15/2035
|
|
414,000
|
401,710
|
|
|
|
|
3,064,414
|
|
Hotels, Resorts & Cruise Lines–0.08%
|
|||
|
Expedia Group, Inc., 5.40%,
02/15/2035
|
|
1,116,000
|
1,124,696
|
|
Marriott International, Inc.,
|
|
|
|
|
4.88%, 05/15/2029
|
|
122,000
|
123,493
|
|
4.80%, 03/15/2030
|
|
627,000
|
631,306
|
|
5.30%, 05/15/2034
|
|
126,000
|
127,105
|
|
5.35%, 03/15/2035
|
|
380,000
|
381,637
|
|
|
|
|
2,388,237
|
|
Independent Power Producers & Energy Traders–0.13%
|
|||
|
AES Corp. (The), 5.80%,
03/15/2032
|
|
3,438,000
|
3,492,811
|
|
NSTAR Electric Co., 3.20%,
05/15/2027
|
|
400,000
|
392,505
|
|
|
|
|
3,885,316
|
|
Industrial Conglomerates–0.38%
|
|||
|
3M Co.,
|
|
|
|
|
2.25%, 09/19/2026
|
|
500,000
|
487,796
|
|
5.15%, 03/15/2035
|
|
300,000
|
302,765
|
|
|
Principal
Amount
|
Value
|
|
|
Industrial Conglomerates–(continued)
|
|||
|
Honeywell International, Inc.,
|
|
|
|
|
4.88%, 09/01/2029
|
|
$465,000
|
$475,143
|
|
4.95%, 09/01/2031
|
|
575,000
|
587,114
|
|
5.00%, 02/15/2033
|
|
7,000
|
7,098
|
|
5.00%, 03/01/2035
|
|
305,000
|
305,011
|
|
5.35%, 03/01/2064
|
|
487,000
|
458,920
|
|
Siemens Funding B.V. (Germany),
|
|
|
|
|
4.35%, 05/26/2028(b)
|
|
3,891,000
|
3,906,098
|
|
4.60%, 05/28/2030(b)
|
|
1,589,000
|
1,605,533
|
|
4.90%, 05/28/2032(b)
|
|
1,002,000
|
1,020,352
|
|
5.20%, 05/28/2035(b)
|
|
1,470,000
|
1,505,998
|
|
5.90%, 05/28/2065(b)
|
|
880,000
|
920,158
|
|
|
|
|
11,581,986
|
|
Industrial Gases–0.21%
|
|||
|
Air Products and Chemicals, Inc.,
|
|
|
|
|
4.30%, 06/11/2028
|
|
6,302,000
|
6,309,058
|
|
2.05%, 05/15/2030
|
|
200,000
|
179,886
|
|
|
|
|
6,488,944
|
|
Industrial Machinery & Supplies & Components–0.08%
|
|||
|
Ingersoll Rand, Inc.,
|
|
|
|
|
5.20%, 06/15/2027
|
|
428,000
|
433,490
|
|
5.40%, 08/14/2028
|
|
31,000
|
31,803
|
|
Nordson Corp.,
|
|
|
|
|
5.60%, 09/15/2028
|
|
65,000
|
66,831
|
|
5.80%, 09/15/2033
|
|
91,000
|
96,223
|
|
nVent Finance S.a.r.l. (United
Kingdom), 5.65%,
05/15/2033
|
|
86,000
|
87,929
|
|
Weir Group, Inc. (United Kingdom),
5.35%, 05/06/2030(b)
|
|
1,554,000
|
1,575,080
|
|
|
|
|
2,291,356
|
|
Industrial REITs–0.00%
|
|||
|
LXP Industrial Trust, 6.75%,
11/15/2028
|
|
94,000
|
99,240
|
|
Insurance Brokers–0.04%
|
|||
|
Arthur J. Gallagher & Co.,
|
|
|
|
|
4.85%, 12/15/2029
|
|
234,000
|
236,201
|
|
5.00%, 02/15/2032
|
|
276,000
|
278,436
|
|
5.15%, 02/15/2035
|
|
351,000
|
349,152
|
|
6.75%, 02/15/2054
|
|
83,000
|
90,738
|
|
Marsh & McLennan Cos., Inc.,
|
|
|
|
|
5.40%, 09/15/2033
|
|
132,000
|
136,485
|
|
5.45%, 03/15/2053
|
|
35,000
|
33,738
|
|
5.70%, 09/15/2053
|
|
91,000
|
90,911
|
|
|
|
|
1,215,661
|
|
Integrated Oil & Gas–0.10%
|
|||
|
BP Capital Markets PLC, 6.13%(c)(e)
|
|
1,570,000
|
1,578,493
|
|
Eni S.p.A. (Italy), 5.50%,
05/15/2034(b)
|
|
1,003,000
|
1,012,438
|
|
Occidental Petroleum Corp.,
|
|
|
|
|
5.00%, 08/01/2027
|
|
174,000
|
175,391
|
|
5.20%, 08/01/2029
|
|
193,000
|
193,621
|
|
6.45%, 09/15/2036
|
|
169,000
|
172,132
|
|
4.63%, 06/15/2045
|
|
83,000
|
63,079
|
|
|
|
|
3,195,154
|
|
|
Principal
Amount
|
Value
|
|
|
Integrated Telecommunication Services–0.63%
|
|||
|
AT&T, Inc.,
|
|
|
|
|
5.40%, 02/15/2034
|
|
$78,000
|
$79,737
|
|
6.05%, 08/15/2056
|
|
3,571,000
|
3,622,950
|
|
British Telecommunications PLC
(United Kingdom), 9.63%,
12/15/2030
|
|
200,000
|
244,516
|
|
Deutsche Telekom International
Finance B.V. (Germany), 9.25%,
06/01/2032
|
|
100,000
|
124,105
|
|
NTT Finance Corp. (Japan),
|
|
|
|
|
4.88%, 07/16/2030(b)
|
|
1,196,000
|
1,203,170
|
|
5.66% (SOFR + 1.31%),
07/16/2030(b)(d)
|
|
2,471,000
|
2,516,260
|
|
5.50%, 07/16/2035(b)
|
|
1,935,000
|
1,965,723
|
|
TELUS Corp. (Canada),
|
|
|
|
|
6.63%, 10/15/2055(c)
|
|
2,995,000
|
3,034,175
|
|
7.00%, 10/15/2055(c)
|
|
2,953,000
|
2,997,050
|
|
T-Mobile USA, Inc.,
|
|
|
|
|
5.65%, 01/15/2053
|
|
65,000
|
62,633
|
|
6.00%, 06/15/2054
|
|
6,000
|
6,069
|
|
5.88%, 11/15/2055
|
|
917,000
|
915,041
|
|
Verizon Communications, Inc.,
|
|
|
|
|
2.36%, 03/15/2032
|
|
92,000
|
79,120
|
|
5.25%, 04/02/2035
|
|
2,398,000
|
2,408,538
|
|
|
|
|
19,259,087
|
|
Interactive Media & Services–0.18%
|
|||
|
Alphabet, Inc.,
|
|
|
|
|
5.25%, 05/15/2055
|
|
1,021,000
|
1,002,590
|
|
5.30%, 05/15/2065
|
|
1,081,000
|
1,050,585
|
|
Meta Platforms, Inc.,
|
|
|
|
|
4.55%, 08/15/2031
|
|
343,000
|
346,290
|
|
4.75%, 08/15/2034
|
|
956,000
|
952,747
|
|
5.40%, 08/15/2054
|
|
410,000
|
396,483
|
|
5.75%, 05/15/2063
|
|
100,000
|
100,580
|
|
5.55%, 08/15/2064
|
|
1,226,000
|
1,190,367
|
|
WarnerMedia Holdings, Inc.,
4.28%, 03/15/2032
|
|
428,000
|
359,676
|
|
|
|
|
5,399,318
|
|
Investment Banking & Brokerage–1.26%
|
|||
|
Blue Owl Technology Finance Corp.,
2.50%, 01/15/2027
|
|
300,000
|
288,393
|
|
Charles Schwab Corp. (The),
Series K, 5.00%(c)(e)
|
|
58,000
|
57,734
|
|
Credit Suisse (USA) LLC
(Switzerland), 7.13%,
07/15/2032
|
|
200,000
|
227,111
|
|
Goldman Sachs Group, Inc. (The),
|
|
|
|
|
5.64% (SOFR + 1.29%),
04/23/2028(d)
|
|
1,632,000
|
1,646,827
|
|
5.73%, 04/25/2030(c)
|
|
387,000
|
401,902
|
|
5.05%, 07/23/2030(c)
|
|
671,000
|
681,940
|
|
4.69%, 10/23/2030(c)
|
|
799,000
|
798,603
|
|
5.21%, 01/28/2031(c)
|
|
1,077,000
|
1,100,110
|
|
5.22%, 04/23/2031(c)
|
|
3,349,000
|
3,425,211
|
|
3.10%, 02/24/2033(c)
|
|
440,000
|
395,704
|
|
5.85%, 04/25/2035(c)
|
|
393,000
|
411,932
|
|
5.33%, 07/23/2035(c)
|
|
465,000
|
469,916
|
|
5.54%, 01/28/2036(c)
|
|
2,603,000
|
2,662,201
|
|
6.25%, 02/01/2041
|
|
200,000
|
213,988
|
|
2.91%, 07/21/2042(c)
|
|
100,000
|
71,487
|
|
|
Principal
Amount
|
Value
|
|
|
Investment Banking & Brokerage–(continued)
|
|||
|
5.73%, 01/28/2056(c)
|
|
$1,566,000
|
$1,573,699
|
|
Series W, 7.50%(c)(e)
|
|
6,872,000
|
7,275,757
|
|
Morgan Stanley,
|
|
|
|
|
5.12%, 02/01/2029(c)
|
|
30,000
|
30,445
|
|
4.99%, 04/12/2029(c)
|
|
832,000
|
842,422
|
|
5.16%, 04/20/2029(c)
|
|
154,000
|
156,506
|
|
5.45%, 07/20/2029(c)
|
|
59,000
|
60,572
|
|
6.41%, 11/01/2029(c)
|
|
156,000
|
164,681
|
|
5.17%, 01/16/2030(c)
|
|
147,000
|
149,989
|
|
4.43%, 01/23/2030(c)
|
|
400,000
|
398,858
|
|
5.04%, 07/19/2030(c)
|
|
478,000
|
486,380
|
|
4.65%, 10/18/2030(c)
|
|
1,180,000
|
1,182,625
|
|
5.19%, 04/17/2031(c)
|
|
2,453,000
|
2,506,355
|
|
5.25%, 04/21/2034(c)
|
|
181,000
|
183,991
|
|
5.42%, 07/21/2034(c)
|
|
92,000
|
94,255
|
|
5.47%, 01/18/2035(c)
|
|
134,000
|
137,320
|
|
5.83%, 04/19/2035(c)
|
|
337,000
|
353,383
|
|
5.32%, 07/19/2035(c)
|
|
644,000
|
652,355
|
|
5.59%, 01/18/2036(c)
|
|
1,524,000
|
1,564,737
|
|
5.66%, 04/17/2036(c)
|
|
1,683,000
|
1,736,464
|
|
5.95%, 01/19/2038(c)
|
|
28,000
|
28,896
|
|
5.94%, 02/07/2039(c)
|
|
400,000
|
413,157
|
|
Nomura Holdings, Inc. (Japan),
|
|
|
|
|
4.90%, 07/01/2030
|
|
3,018,000
|
3,023,514
|
|
5.49%, 06/29/2035
|
|
2,480,000
|
2,500,757
|
|
|
|
|
38,370,177
|
|
IT Consulting & Other Services–0.28%
|
|||
|
Dell, Inc., 6.50%, 04/15/2038
|
|
200,000
|
214,630
|
|
International Business Machines Corp.,
|
|
|
|
|
4.65%, 02/10/2028
|
|
1,960,000
|
1,975,775
|
|
3.50%, 05/15/2029
|
|
220,000
|
213,332
|
|
4.80%, 02/10/2030
|
|
2,651,000
|
2,688,864
|
|
5.20%, 02/10/2035
|
|
1,247,000
|
1,260,167
|
|
5.70%, 02/10/2055
|
|
2,301,000
|
2,269,578
|
|
|
|
|
8,622,346
|
|
Leisure Products–0.02%
|
|||
|
Brunswick Corp., 5.85%,
03/18/2029
|
|
179,000
|
184,045
|
|
Mattel, Inc., 5.45%, 11/01/2041
|
|
500,000
|
453,310
|
|
|
|
|
637,355
|
|
Life & Health Insurance–2.94%
|
|||
|
200 Park Funding Trust, 5.74%,
02/15/2055(b)
|
|
1,084,000
|
1,067,317
|
|
AIA Group Ltd. (Hong Kong),
|
|
|
|
|
4.95%, 03/30/2035(b)
|
|
3,641,000
|
3,614,088
|
|
5.40%, 09/30/2054(b)
|
|
2,105,000
|
1,981,855
|
|
American National Global Funding,
5.55%, 01/28/2030(b)
|
|
559,000
|
569,195
|
|
American National Group, Inc.,
|
|
|
|
|
5.75%, 10/01/2029
|
|
110,000
|
112,297
|
|
6.00%, 07/15/2035
|
|
4,662,000
|
4,693,035
|
|
Athene Global Funding,
|
|
|
|
|
5.62%, 05/08/2026(b)
|
|
1,653,000
|
1,666,936
|
|
4.86%, 08/27/2026(b)
|
|
2,649,000
|
2,658,940
|
|
5.52%, 03/25/2027(b)
|
|
492,000
|
499,031
|
|
5.58%, 01/09/2029(b)
|
|
574,000
|
590,212
|
|
|
Principal
Amount
|
Value
|
|
|
Life & Health Insurance–(continued)
|
|||
|
Athene Holding Ltd.,
|
|
|
|
|
6.25%, 04/01/2054
|
|
$202,000
|
$199,613
|
|
6.63%, 10/15/2054(c)
|
|
150,000
|
148,012
|
|
6.63%, 05/19/2055
|
|
2,112,000
|
2,174,434
|
|
6.88%, 06/28/2055(c)
|
|
3,086,000
|
3,054,307
|
|
Belrose Funding Trust II, 6.79%,
05/15/2055(b)
|
|
3,303,000
|
3,383,125
|
|
Brighthouse Financial, Inc.,
3.85%, 12/22/2051
|
|
300,000
|
184,274
|
|
Corebridge Global Funding,
|
|
|
|
|
5.66% (SOFR + 1.30%),
09/25/2026(b)(d)
|
|
2,262,000
|
2,277,949
|
|
4.65%, 08/20/2027(b)
|
|
1,189,000
|
1,194,664
|
|
5.90%, 09/19/2028(b)
|
|
149,000
|
154,734
|
|
5.20%, 01/12/2029(b)
|
|
299,000
|
304,500
|
|
5.20%, 06/24/2029(b)
|
|
539,000
|
549,716
|
|
Delaware Life Global Funding,
Series 21-1, 2.66%,
06/29/2026(b)
|
|
9,383,000
|
9,174,115
|
|
Equitable America Global Funding,
|
|
|
|
|
4.65%, 06/09/2028(b)
|
|
4,457,000
|
4,471,179
|
|
4.95%, 06/09/2030(b)
|
|
9,303,000
|
9,384,722
|
|
F&G Annuities & Life, Inc., 7.40%,
01/13/2028
|
|
62,000
|
64,910
|
|
GA Global Funding Trust,
|
|
|
|
|
4.40%, 09/23/2027(b)
|
|
1,822,000
|
1,816,107
|
|
5.50%, 01/08/2029(b)
|
|
855,000
|
875,391
|
|
High Street Funding Trust III,
5.81%, 02/15/2055(b)
|
|
714,000
|
692,337
|
|
Jackson National Life Global
Funding, 4.70%,
06/05/2028(b)
|
|
6,612,000
|
6,627,470
|
|
Lincoln Financial Global Funding,
4.63%, 05/28/2028(b)
|
|
2,171,000
|
2,176,641
|
|
MAG Mutual Holding Co., 4.75%,
04/30/2041(b)(f)
|
|
9,203,000
|
8,310,309
|
|
MassMutual Global Funding II,
4.55%, 05/07/2030(b)
|
|
2,698,000
|
2,701,175
|
|
MetLife, Inc., 5.25%,
01/15/2054
|
|
80,000
|
75,070
|
|
New York Life Global Funding,
4.55%, 01/28/2033(b)
|
|
90,000
|
88,490
|
|
Northwestern Mutual Global Funding,
|
|
|
|
|
5.07%, 03/25/2027(b)
|
|
563,000
|
569,544
|
|
4.35%, 09/15/2027(b)
|
|
79,000
|
79,248
|
|
4.71%, 01/10/2029(b)
|
|
1,066,000
|
1,077,829
|
|
Pacific Life Global Funding II,
|
|
|
|
|
5.41% (SOFR + 1.05%),
07/28/2026(b)(d)
|
|
1,154,000
|
1,162,240
|
|
4.90%, 01/11/2029(b)
|
|
1,495,000
|
1,516,803
|
|
4.50%, 08/28/2029(b)
|
|
2,165,000
|
2,170,737
|
|
Pricoa Global Funding I,
|
|
|
|
|
4.40%, 08/27/2027(b)
|
|
1,417,000
|
1,418,062
|
|
4.65%, 08/27/2031(b)
|
|
656,000
|
654,972
|
|
Prudential Financial, Inc., 5.20%,
03/14/2035
|
|
2,268,000
|
2,285,870
|
|
Symetra Life Insurance Co.,
6.55%, 10/01/2055(b)
|
|
1,161,000
|
1,186,539
|
|
|
|
|
89,657,994
|
|
Life Sciences Tools & Services–0.01%
|
|||
|
Thermo Fisher Scientific, Inc.,
5.09%, 08/10/2033
|
|
220,000
|
224,886
|
|
|
Principal
Amount
|
Value
|
|
|
Managed Health Care–0.06%
|
|||
|
Humana, Inc., 5.75%,
12/01/2028
|
|
$95,000
|
$98,382
|
|
UnitedHealth Group, Inc.,
|
|
|
|
|
5.15%, 10/15/2025
|
|
53,000
|
53,062
|
|
5.25%, 02/15/2028
|
|
54,000
|
55,203
|
|
5.30%, 02/15/2030
|
|
69,000
|
71,010
|
|
5.35%, 02/15/2033
|
|
71,000
|
72,703
|
|
4.50%, 04/15/2033
|
|
20,000
|
19,385
|
|
5.05%, 04/15/2053
|
|
37,000
|
32,509
|
|
5.63%, 07/15/2054
|
|
184,000
|
175,399
|
|
6.05%, 02/15/2063
|
|
700,000
|
698,380
|
|
5.50%, 04/15/2064
|
|
440,000
|
403,705
|
|
|
|
|
1,679,738
|
|
Marine Transportation–0.00%
|
|||
|
A.P. Moller - Maersk A/S (Denmark),
5.88%, 09/14/2033(b)
|
|
91,000
|
96,408
|
|
Metal, Glass & Plastic Containers–0.07%
|
|||
|
Smurfit Kappa Treasury Unlimited Co.
(Ireland),
|
|
|
|
|
5.20%, 01/15/2030
|
|
1,116,000
|
1,144,045
|
|
5.44%, 04/03/2034
|
|
1,056,000
|
1,078,202
|
|
|
|
|
2,222,247
|
|
Movies & Entertainment–0.00%
|
|||
|
Netflix, Inc., 5.40%, 08/15/2054
|
|
84,000
|
82,324
|
|
Multi-Family Residential REITs–0.07%
|
|||
|
AvalonBay Communities, Inc.,
5.30%, 12/07/2033
|
|
191,000
|
195,962
|
|
Essex Portfolio L.P., 5.50%,
04/01/2034
|
|
158,000
|
161,697
|
|
Invitation Homes Operating
Partnership L.P., 4.88%,
02/01/2035
|
|
677,000
|
652,881
|
|
Mid-America Apartments L.P.,
|
|
|
|
|
5.30%, 02/15/2032
|
|
750,000
|
772,047
|
|
4.95%, 03/01/2035
|
|
200,000
|
198,134
|
|
UDR, Inc.,
|
|
|
|
|
3.00%, 08/15/2031
|
|
110,000
|
99,965
|
|
5.13%, 09/01/2034
|
|
183,000
|
182,071
|
|
|
|
|
2,262,757
|
|
Multi-line Insurance–0.11%
|
|||
|
Allianz SE (Germany), 3.50%(b)(c)(e)
|
|
2,000,000
|
1,977,557
|
|
American International Group, Inc.,
4.85%, 05/07/2030
|
|
722,000
|
732,099
|
|
Metropolitan Life Global Funding I,
5.15%, 03/28/2033(b)
|
|
730,000
|
743,254
|
|
|
|
|
3,452,910
|
|
Multi-Utilities–0.33%
|
|||
|
AEP Texas, Inc., 3.95%,
06/01/2028(b)
|
|
2,489,000
|
2,451,865
|
|
Algonquin Power & Utilities Corp.
(Canada), 5.37%, 06/15/2026
|
|
299,000
|
300,631
|
|
Ameren Illinois Co., 4.95%,
06/01/2033
|
|
76,000
|
76,709
|
|
Black Hills Corp., 6.15%,
05/15/2034
|
|
182,000
|
191,968
|
|
CMS Energy Corp., 4.75%,
06/01/2050(c)
|
|
110,000
|
106,113
|
|
|
Principal
Amount
|
Value
|
|
|
Multi-Utilities–(continued)
|
|||
|
Dominion Energy, Inc., 5.38%,
11/15/2032
|
|
$96,000
|
$98,430
|
|
DTE Energy Co.,
|
|
|
|
|
4.95%, 07/01/2027
|
|
290,000
|
292,703
|
|
5.85%, 06/01/2034
|
|
138,000
|
144,490
|
|
ENGIE S.A. (France),
|
|
|
|
|
5.25%, 04/10/2029(b)
|
|
1,187,000
|
1,213,643
|
|
5.63%, 04/10/2034(b)
|
|
700,000
|
722,057
|
|
5.88%, 04/10/2054(b)
|
|
690,000
|
692,308
|
|
NiSource, Inc.,
|
|
|
|
|
5.25%, 03/30/2028
|
|
28,000
|
28,576
|
|
5.40%, 06/30/2033
|
|
15,000
|
15,321
|
|
5.35%, 04/01/2034
|
|
657,000
|
667,669
|
|
5.85%, 04/01/2055
|
|
819,000
|
809,138
|
|
Public Service Enterprise Group, Inc.,
|
|
|
|
|
5.88%, 10/15/2028
|
|
294,000
|
306,030
|
|
6.13%, 10/15/2033
|
|
149,000
|
158,902
|
|
Sempra,
|
|
|
|
|
6.88%, 10/01/2054(c)
|
|
649,000
|
656,709
|
|
6.63%, 04/01/2055(c)
|
|
936,000
|
921,342
|
|
WEC Energy Group, Inc.,
|
|
|
|
|
5.15%, 10/01/2027
|
|
63,000
|
63,924
|
|
4.75%, 01/15/2028
|
|
51,000
|
51,431
|
|
|
|
|
9,969,959
|
|
Office REITs–0.14%
|
|||
|
Boston Properties L.P.,
|
|
|
|
|
3.25%, 01/30/2031
|
|
150,000
|
137,687
|
|
6.50%, 01/15/2034
|
|
200,000
|
214,172
|
|
Cousins Properties L.P.,
|
|
|
|
|
5.25%, 07/15/2030
|
|
3,110,000
|
3,161,225
|
|
5.38%, 02/15/2032
|
|
412,000
|
416,079
|
|
5.88%, 10/01/2034
|
|
398,000
|
409,721
|
|
|
|
|
4,338,884
|
|
Oil & Gas Drilling–0.00%
|
|||
|
Patterson-UTI Energy, Inc., 3.95%,
02/01/2028
|
|
100,000
|
96,813
|
|
Oil & Gas Equipment & Services–0.00%
|
|||
|
Northern Natural Gas Co., 5.63%,
02/01/2054(b)
|
|
89,000
|
85,054
|
|
Oil & Gas Exploration & Production–0.32%
|
|||
|
ConocoPhillips Co., 5.70%,
09/15/2063
|
|
459,000
|
439,349
|
|
Continental Resources, Inc.,
4.90%, 06/01/2044
|
|
100,000
|
78,555
|
|
Diamondback Energy, Inc.,
|
|
|
|
|
5.20%, 04/18/2027
|
|
387,000
|
390,891
|
|
5.15%, 01/30/2030
|
|
369,000
|
375,856
|
|
5.90%, 04/18/2064
|
|
163,000
|
150,659
|
|
EOG Resources, Inc.,
|
|
|
|
|
4.40%, 07/15/2028
|
|
1,709,000
|
1,714,517
|
|
5.35%, 01/15/2036
|
|
1,865,000
|
1,879,788
|
|
5.95%, 07/15/2055
|
|
1,201,000
|
1,213,799
|
|
EQT Corp., 6.50%, 07/01/2027(b)
|
|
100,000
|
102,082
|
|
Ovintiv, Inc., 7.10%, 07/15/2053
|
|
500,000
|
519,118
|
|
Var Energi ASA (Norway),
|
|
|
|
|
5.88%, 05/22/2030(b)
|
|
786,000
|
809,703
|
|
6.50%, 05/22/2035(b)
|
|
1,876,000
|
1,945,672
|
|
|
|
|
9,619,989
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Refining & Marketing–0.01%
|
|||
|
Phillips 66 Co., 5.30%,
06/30/2033
|
|
$285,000
|
$288,213
|
|
Oil & Gas Storage & Transportation–0.89%
|
|||
|
Cheniere Energy Partners L.P.,
5.95%, 06/30/2033
|
|
97,000
|
101,306
|
|
Columbia Pipelines Holding Co. LLC,
|
|
|
|
|
6.06%, 08/15/2026(b)
|
|
97,000
|
98,049
|
|
5.10%, 10/01/2031(b)
|
|
470,000
|
472,217
|
|
Columbia Pipelines Operating Co.
LLC, 5.70%, 10/01/2054(b)
|
|
733,000
|
673,802
|
|
Eastern Energy Gas Holdings LLC,
5.65%, 10/15/2054
|
|
426,000
|
408,224
|
|
Enbridge, Inc. (Canada),
|
|
|
|
|
5.70%, 03/08/2033
|
|
75,000
|
77,718
|
|
7.38%, 03/15/2055(c)
|
|
100,000
|
104,357
|
|
Series NC5, 8.25%,
01/15/2084(c)
|
|
33,000
|
35,169
|
|
Energy Transfer L.P.,
|
|
|
|
|
6.05%, 12/01/2026
|
|
504,000
|
512,853
|
|
6.40%, 12/01/2030
|
|
56,000
|
60,117
|
|
5.55%, 05/15/2034
|
|
165,000
|
166,518
|
|
5.95%, 05/15/2054
|
|
131,000
|
123,908
|
|
6.05%, 09/01/2054
|
|
450,000
|
432,080
|
|
Enterprise Products Operating LLC,
|
|
|
|
|
4.30%, 06/20/2028
|
|
2,271,000
|
2,269,455
|
|
5.20%, 01/15/2036
|
|
2,213,000
|
2,217,973
|
|
Florida Gas Transmission Co. LLC,
5.75%, 07/15/2035(b)
|
|
5,351,000
|
5,462,684
|
|
Gulfstream Natural Gas System,
L.L.C., 5.60%, 07/23/2035(b)
|
|
4,096,000
|
4,121,358
|
|
Kinder Morgan, Inc.,
|
|
|
|
|
5.15%, 06/01/2030
|
|
1,417,000
|
1,446,444
|
|
4.80%, 02/01/2033
|
|
36,000
|
35,417
|
|
5.20%, 06/01/2033
|
|
79,000
|
79,357
|
|
5.85%, 06/01/2035
|
|
776,000
|
801,741
|
|
MPLX L.P.,
|
|
|
|
|
5.20%, 03/01/2047
|
|
400,000
|
347,296
|
|
4.95%, 03/14/2052
|
|
31,000
|
25,617
|
|
Northwest Pipeline LLC, 4.00%,
04/01/2027
|
|
200,000
|
198,276
|
|
ONEOK, Inc.,
|
|
|
|
|
5.70%, 11/01/2054
|
|
300,000
|
275,788
|
|
5.85%, 11/01/2064
|
|
700,000
|
646,963
|
|
Plains All American Pipeline L.P.,
5.95%, 06/15/2035
|
|
1,450,000
|
1,488,973
|
|
South Bow USA Infrastructure
Holdings LLC (Canada),
|
|
|
|
|
4.91%, 09/01/2027(b)
|
|
509,000
|
510,852
|
|
5.03%, 10/01/2029(b)
|
|
848,000
|
847,556
|
|
5.58%, 10/01/2034(b)
|
|
589,000
|
581,774
|
|
6.18%, 10/01/2054(b)
|
|
145,000
|
137,695
|
|
Southern Co. Gas Capital Corp.,
5.75%, 09/15/2033
|
|
63,000
|
65,932
|
|
Western Midstream Operating L.P.,
|
|
|
|
|
6.15%, 04/01/2033
|
|
75,000
|
78,265
|
|
5.45%, 11/15/2034
|
|
373,000
|
365,892
|
|
|
Principal
Amount
|
Value
|
|
|
Oil & Gas Storage & Transportation–(continued)
|
|||
|
Williams Cos., Inc. (The),
|
|
|
|
|
5.30%, 08/15/2028
|
|
$268,000
|
$274,498
|
|
4.80%, 11/15/2029
|
|
643,000
|
648,249
|
|
5.65%, 03/15/2033
|
|
92,000
|
95,308
|
|
5.15%, 03/15/2034
|
|
162,000
|
161,425
|
|
5.80%, 11/15/2054
|
|
277,000
|
269,384
|
|
6.00%, 03/15/2055
|
|
340,000
|
339,735
|
|
|
|
|
27,060,225
|
|
Other Specialized REITs–0.04%
|
|||
|
Simon Property Group L.P.,
4.75%, 09/26/2034
|
|
1,298,000
|
1,264,521
|
|
Other Specialty Retail–0.00%
|
|||
|
Tractor Supply Co., 5.25%,
05/15/2033
|
|
39,000
|
39,678
|
|
Packaged Foods & Meats–0.42%
|
|||
|
Campbell’s Co. (The),
|
|
|
|
|
5.30%, 03/20/2026
|
|
154,000
|
154,644
|
|
5.20%, 03/21/2029
|
|
202,000
|
206,169
|
|
5.40%, 03/21/2034
|
|
229,000
|
231,395
|
|
5.25%, 10/13/2054
|
|
327,000
|
295,432
|
|
Hershey Co. (The), 4.25%,
05/04/2028
|
|
440,000
|
441,660
|
|
J.M. Smucker Co. (The), 6.20%,
11/15/2033
|
|
86,000
|
92,001
|
|
Mars, Inc.,
|
|
|
|
|
4.45%, 03/01/2027(b)
|
|
2,627,000
|
2,631,564
|
|
4.55%, 04/20/2028(b)
|
|
153,000
|
153,842
|
|
4.80%, 03/01/2030(b)
|
|
952,000
|
961,757
|
|
5.00%, 03/01/2032(b)
|
|
955,000
|
964,296
|
|
5.20%, 03/01/2035(b)
|
|
1,894,000
|
1,904,127
|
|
5.65%, 05/01/2045(b)
|
|
1,478,000
|
1,468,980
|
|
5.70%, 05/01/2055(b)
|
|
1,387,000
|
1,369,855
|
|
5.80%, 05/01/2065(b)
|
|
938,000
|
929,642
|
|
McCormick & Co., Inc., 4.70%,
10/15/2034
|
|
936,000
|
901,849
|
|
|
|
|
12,707,213
|
|
Paper & Plastic Packaging Products & Materials–0.00%
|
|||
|
Berry Global, Inc., 5.65%,
01/15/2034
|
|
100,000
|
103,416
|
|
Passenger Airlines–0.42%
|
|||
|
American Airlines Pass-Through Trust,
|
|
|
|
|
Series 2021-1, Class B, 3.95%,
07/11/2030
|
|
291,270
|
276,667
|
|
Series 2021-1, Class A, 2.88%,
07/11/2034
|
|
60,417
|
53,440
|
|
AS Mileage Plan IP Ltd.,
|
|
|
|
|
5.02%, 10/20/2029(b)
|
|
592,000
|
587,682
|
|
5.31%, 10/20/2031(b)
|
|
581,000
|
576,745
|
|
Delta Air Lines, Inc.,
|
|
|
|
|
4.95%, 07/10/2028
|
|
7,658,000
|
7,696,757
|
|
5.25%, 07/10/2030
|
|
2,645,000
|
2,671,712
|
|
Delta Air Lines, Inc./SkyMiles IP Ltd.,
|
|
|
|
|
4.50%, 10/20/2025(b)
|
|
11,938
|
11,909
|
|
4.75%, 10/20/2028(b)
|
|
147,205
|
147,342
|
|
|
Principal
Amount
|
Value
|
|
|
Passenger Airlines–(continued)
|
|||
|
United Airlines Pass-Through Trust,
|
|
|
|
|
Series 2020-1, Class A, 5.88%,
10/15/2027
|
|
$66,011
|
$67,325
|
|
Series 2019-2, Class AA,
2.70%, 05/01/2032
|
|
3,785
|
3,394
|
|
Series AA, 5.45%,
02/15/2037
|
|
664,169
|
674,707
|
|
|
|
|
12,767,680
|
|
Passenger Ground Transportation–0.07%
|
|||
|
Uber Technologies, Inc.,
|
|
|
|
|
4.30%, 01/15/2030
|
|
1,495,000
|
1,483,224
|
|
5.35%, 09/15/2054
|
|
714,000
|
667,439
|
|
|
|
|
2,150,663
|
|
Personal Care Products–0.01%
|
|||
|
Estee Lauder Cos., Inc. (The),
4.65%, 05/15/2033
|
|
120,000
|
118,578
|
|
Kenvue, Inc.,
|
|
|
|
|
5.05%, 03/22/2028
|
|
60,000
|
61,290
|
|
5.00%, 03/22/2030
|
|
90,000
|
92,245
|
|
4.90%, 03/22/2033
|
|
99,000
|
100,178
|
|
5.20%, 03/22/2063
|
|
47,000
|
42,943
|
|
|
|
|
415,234
|
|
Pharmaceuticals–0.61%
|
|||
|
AstraZeneca Finance LLC (United
Kingdom),
|
|
|
|
|
4.80%, 02/26/2027
|
|
438,000
|
441,983
|
|
4.85%, 02/26/2029
|
|
240,000
|
244,393
|
|
4.90%, 02/26/2031
|
|
321,000
|
329,140
|
|
Bristol-Myers Squibb Co.,
|
|
|
|
|
4.90%, 02/22/2027
|
|
120,000
|
121,252
|
|
4.90%, 02/22/2029
|
|
122,000
|
124,384
|
|
5.75%, 02/01/2031
|
|
259,000
|
274,852
|
|
5.90%, 11/15/2033
|
|
114,000
|
121,905
|
|
6.25%, 11/15/2053
|
|
69,000
|
73,493
|
|
6.40%, 11/15/2063
|
|
89,000
|
95,427
|
|
Eli Lilly and Co.,
|
|
|
|
|
4.50%, 02/09/2027
|
|
720,000
|
723,789
|
|
3.38%, 03/15/2029
|
|
200,000
|
194,950
|
|
4.20%, 08/14/2029
|
|
220,000
|
220,007
|
|
4.70%, 02/09/2034
|
|
281,000
|
280,032
|
|
4.88%, 02/27/2053
|
|
56,000
|
50,699
|
|
5.00%, 02/09/2054
|
|
162,000
|
149,651
|
|
5.10%, 02/09/2064
|
|
215,000
|
197,638
|
|
5.20%, 08/14/2064
|
|
191,000
|
178,559
|
|
Johnson & Johnson, 4.50%,
03/01/2027
|
|
1,957,000
|
1,969,841
|
|
Merck & Co., Inc.,
|
|
|
|
|
4.90%, 05/17/2044
|
|
178,000
|
165,126
|
|
5.15%, 05/17/2063
|
|
66,000
|
60,139
|
|
Novartis Capital Corp.,
|
|
|
|
|
3.80%, 09/18/2029
|
|
1,030,000
|
1,016,876
|
|
4.00%, 09/18/2031
|
|
807,000
|
790,648
|
|
4.20%, 09/18/2034
|
|
1,140,000
|
1,094,479
|
|
4.70%, 09/18/2054
|
|
703,000
|
623,430
|
|
Pfizer Investment Enterprises Pte.
Ltd., 4.75%, 05/19/2033
|
|
125,000
|
124,299
|
|
|
Principal
Amount
|
Value
|
|
|
Pharmaceuticals–(continued)
|
|||
|
Takeda U.S. Financing, Inc.,
|
|
|
|
|
5.20%, 07/07/2035
|
|
$4,270,000
|
$4,255,615
|
|
5.90%, 07/07/2055
|
|
4,518,000
|
4,515,604
|
|
|
|
|
18,438,211
|
|
Property & Casualty Insurance–0.10%
|
|||
|
Fairfax Financial Holdings Ltd.
(Canada),
|
|
|
|
|
6.35%, 03/22/2054
|
|
220,000
|
222,018
|
|
6.10%, 03/15/2055
|
|
685,000
|
666,079
|
|
Travelers Cos., Inc. (The),
|
|
|
|
|
5.05%, 07/24/2035
|
|
825,000
|
827,373
|
|
5.45%, 05/25/2053
|
|
38,000
|
36,959
|
|
5.70%, 07/24/2055
|
|
1,376,000
|
1,386,798
|
|
|
|
|
3,139,227
|
|
Rail Transportation–0.09%
|
|||
|
Canadian Pacific Railway Co. (Canada),
|
|
|
|
|
5.20%, 03/30/2035
|
|
870,000
|
881,108
|
|
6.13%, 09/15/2115
|
|
220,000
|
223,650
|
|
CSX Corp., 5.20%, 11/15/2033
|
|
400,000
|
411,912
|
|
TTX Co., 5.05%, 11/15/2034(b)
|
|
1,145,000
|
1,158,678
|
|
|
|
|
2,675,348
|
|
Real Estate Development–0.02%
|
|||
|
Piedmont Operating Partnership
L.P., 6.88%, 07/15/2029
|
|
644,000
|
674,002
|
|
Regional Banks–0.04%
|
|||
|
M&T Bank Corp.,
|
|
|
|
|
6.08%, 03/13/2032(c)
|
|
400,000
|
421,018
|
|
5.39%, 01/16/2036(c)
|
|
220,000
|
219,281
|
|
Santander Holdings USA, Inc.,
6.12%, 05/31/2027(c)
|
|
110,000
|
111,143
|
|
Truist Financial Corp., Series P,
4.95%(c)(e)
|
|
271,000
|
271,144
|
|
Zions Bancorporation N.A.,
6.82%, 11/19/2035(c)
|
|
300,000
|
313,322
|
|
|
|
|
1,335,908
|
|
Reinsurance–0.05%
|
|||
|
Berkshire Hathaway Finance Corp.,
1.85%, 03/12/2030
|
|
300,000
|
270,738
|
|
Fortitude Group Holdings LLC,
6.25%, 04/01/2030(b)
|
|
567,000
|
581,734
|
|
Global Atlantic (Fin) Co., 6.75%,
03/15/2054(b)
|
|
492,000
|
507,263
|
|
Reinsurance Group of America,
Inc., 5.75%, 09/15/2034
|
|
100,000
|
102,637
|
|
|
|
|
1,462,372
|
|
Renewable Electricity–0.01%
|
|||
|
Idaho Power Co., 5.20%,
08/15/2034
|
|
152,000
|
154,582
|
|
Restaurants–0.09%
|
|||
|
McDonald’s Corp.,
|
|
|
|
|
4.80%, 08/14/2028
|
|
370,000
|
375,442
|
|
4.60%, 05/15/2030
|
|
1,334,000
|
1,342,830
|
|
4.95%, 08/14/2033
|
|
217,000
|
220,323
|
|
4.95%, 03/03/2035
|
|
817,000
|
814,720
|
|
|
|
|
2,753,315
|
|
|
Principal
Amount
|
Value
|
|
|
Retail REITs–0.27%
|
|||
|
Agree L.P., 5.63%, 06/15/2034
|
|
$191,000
|
$195,276
|
|
Brixmor Operating Partnership L.P.,
5.75%, 02/15/2035
|
|
146,000
|
149,940
|
|
Federal Realty OP L.P., 3.25%,
07/15/2027
|
|
500,000
|
489,430
|
|
Kimco Realty OP LLC,
|
|
|
|
|
4.85%, 03/01/2035
|
|
419,000
|
409,687
|
|
5.30%, 02/01/2036
|
|
4,148,000
|
4,157,873
|
|
Kite Realty Group L.P.,
|
|
|
|
|
4.95%, 12/15/2031
|
|
397,000
|
397,353
|
|
5.50%, 03/01/2034
|
|
59,000
|
60,165
|
|
NNN REIT, Inc.,
|
|
|
|
|
5.60%, 10/15/2033
|
|
61,000
|
62,990
|
|
5.50%, 06/15/2034
|
|
183,000
|
186,681
|
|
Realty Income Corp.,
|
|
|
|
|
3.65%, 01/15/2028
|
|
110,000
|
108,211
|
|
5.63%, 10/13/2032
|
|
29,000
|
30,295
|
|
5.13%, 04/15/2035
|
|
391,000
|
391,643
|
|
5.38%, 09/01/2054
|
|
132,000
|
125,832
|
|
Regency Centers L.P.,
|
|
|
|
|
5.00%, 07/15/2032
|
|
1,009,000
|
1,019,983
|
|
5.25%, 01/15/2034
|
|
227,000
|
230,557
|
|
5.10%, 01/15/2035
|
|
192,000
|
192,028
|
|
|
|
|
8,207,944
|
|
Self-Storage REITs–0.38%
|
|||
|
Americold Realty Operating
Partnership L.P.,
|
|
|
|
|
5.60%, 05/15/2032
|
|
1,536,000
|
1,538,414
|
|
5.41%, 09/12/2034
|
|
581,000
|
565,291
|
|
Extra Space Storage L.P.,
|
|
|
|
|
5.70%, 04/01/2028
|
|
32,000
|
32,903
|
|
5.40%, 02/01/2034
|
|
234,000
|
237,132
|
|
Goodman US Finance Six LLC
(Australia), 5.13%,
10/07/2034(b)
|
|
156,000
|
154,860
|
|
Prologis L.P.,
|
|
|
|
|
4.88%, 06/15/2028
|
|
105,000
|
106,676
|
|
4.75%, 01/15/2031
|
|
2,760,000
|
2,784,572
|
|
4.63%, 01/15/2033
|
|
58,000
|
57,536
|
|
4.75%, 06/15/2033
|
|
118,000
|
117,310
|
|
5.13%, 01/15/2034
|
|
69,000
|
69,788
|
|
5.00%, 03/15/2034
|
|
699,000
|
698,972
|
|
5.00%, 01/31/2035
|
|
574,000
|
572,948
|
|
5.25%, 05/15/2035
|
|
1,609,000
|
1,629,542
|
|
5.25%, 03/15/2054
|
|
635,000
|
593,605
|
|
Public Storage Operating Co.,
|
|
|
|
|
5.05% (SOFR + 0.70%),
04/16/2027(d)
|
|
2,142,000
|
2,146,552
|
|
5.35%, 08/01/2053
|
|
190,000
|
180,715
|
|
|
|
|
11,486,816
|
|
Semiconductors–0.71%
|
|||
|
Broadcom, Inc.,
|
|
|
|
|
4.15%, 02/15/2028
|
|
2,007,000
|
1,997,070
|
|
5.05%, 07/12/2029
|
|
623,000
|
636,004
|
|
5.15%, 11/15/2031
|
|
539,000
|
552,498
|
|
5.20%, 07/15/2035
|
|
3,445,000
|
3,462,610
|
|
|
Principal
Amount
|
Value
|
|
|
Semiconductors–(continued)
|
|||
|
Foundry JV Holdco LLC,
|
|
|
|
|
5.90%, 01/25/2030(b)
|
|
$1,188,000
|
$1,239,816
|
|
5.50%, 01/25/2031(b)
|
|
1,146,000
|
1,170,437
|
|
6.15%, 01/25/2032(b)
|
|
1,161,000
|
1,215,560
|
|
5.90%, 01/25/2033(b)
|
|
499,000
|
513,240
|
|
5.88%, 01/25/2034(b)
|
|
995,000
|
1,005,654
|
|
6.25%, 01/25/2035(b)
|
|
1,013,000
|
1,056,318
|
|
6.10%, 01/25/2036(b)
|
|
884,000
|
904,429
|
|
6.20%, 01/25/2037(b)
|
|
916,000
|
942,556
|
|
6.40%, 01/25/2038(b)
|
|
685,000
|
713,260
|
|
6.30%, 01/25/2039(b)
|
|
950,000
|
979,114
|
|
Intel Corp.,
|
|
|
|
|
3.15%, 05/11/2027
|
|
250,000
|
244,111
|
|
3.75%, 08/05/2027
|
|
100,000
|
98,553
|
|
3.90%, 03/25/2030
|
|
200,000
|
192,540
|
|
2.00%, 08/12/2031
|
|
300,000
|
255,328
|
|
4.15%, 08/05/2032
|
|
100,000
|
94,108
|
|
5.05%, 08/05/2062
|
|
110,000
|
86,728
|
|
Micron Technology, Inc.,
|
|
|
|
|
5.30%, 01/15/2031
|
|
189,000
|
192,943
|
|
5.65%, 11/01/2032
|
|
1,172,000
|
1,212,033
|
|
6.05%, 11/01/2035
|
|
2,611,000
|
2,718,872
|
|
NXP BV/NXP Funding LLC/NXP USA,
Inc. (Netherlands), 2.65%,
02/15/2032
|
|
220,000
|
192,010
|
|
|
|
|
21,675,792
|
|
Single-Family Residential REITs–0.03%
|
|||
|
American Homes 4 Rent L.P.,
|
|
|
|
|
5.50%, 07/15/2034
|
|
466,000
|
472,526
|
|
5.25%, 03/15/2035
|
|
377,000
|
374,420
|
|
|
|
|
846,946
|
|
Soft Drinks & Non-alcoholic Beverages–0.75%
|
|||
|
Coca-Cola Co. (The),
|
|
|
|
|
5.30%, 05/13/2054
|
|
424,000
|
410,900
|
|
5.40%, 05/13/2064
|
|
634,000
|
613,296
|
|
Keurig Dr Pepper, Inc.,
|
|
|
|
|
4.35%, 05/15/2028
|
|
1,218,000
|
1,216,292
|
|
4.60%, 05/15/2030
|
|
2,602,000
|
2,602,648
|
|
5.15%, 05/15/2035
|
|
782,000
|
778,269
|
|
PepsiCo, Inc.,
|
|
|
|
|
4.10%, 01/15/2029
|
|
4,931,000
|
4,908,440
|
|
4.60%, 02/07/2030
|
|
925,000
|
938,542
|
|
4.30%, 07/23/2030
|
|
2,310,000
|
2,300,235
|
|
4.65%, 07/23/2032
|
|
2,666,000
|
2,664,992
|
|
5.00%, 02/07/2035
|
|
975,000
|
984,762
|
|
5.00%, 07/23/2035
|
|
5,473,000
|
5,486,803
|
|
|
|
|
22,905,179
|
|
Sovereign Debt–0.18%
|
|||
|
Republic of Poland Government
International Bond (Poland),
5.38%, 02/12/2035
|
|
5,370,000
|
5,487,451
|
|
Specialized Consumer Services–0.21%
|
|||
|
Rentokil Terminix Funding LLC,
|
|
|
|
|
5.00%, 04/28/2030(b)
|
|
3,896,000
|
3,914,904
|
|
5.63%, 04/28/2035(b)
|
|
2,425,000
|
2,456,898
|
|
|
|
|
6,371,802
|
|
|
Principal
Amount
|
Value
|
|
|
Specialized Finance–0.02%
|
|||
|
Blackstone Private Credit Fund,
|
|
|
|
|
4.95%, 09/26/2027
|
|
$513,000
|
$511,258
|
|
6.00%, 11/22/2034
|
|
100,000
|
99,407
|
|
|
|
|
610,665
|
|
Specialty Chemicals–0.40%
|
|||
|
Sherwin-Williams Co. (The),
|
|
|
|
|
4.30%, 08/15/2028
|
|
7,768,000
|
7,755,793
|
|
4.50%, 08/15/2030
|
|
3,204,000
|
3,193,942
|
|
5.15%, 08/15/2035
|
|
1,176,000
|
1,173,939
|
|
|
|
|
12,123,674
|
|
Systems Software–0.18%
|
|||
|
Oracle Corp.,
|
|
|
|
|
6.25%, 11/09/2032
|
|
49,000
|
52,762
|
|
4.90%, 02/06/2033
|
|
77,000
|
76,767
|
|
4.70%, 09/27/2034
|
|
1,026,000
|
986,218
|
|
6.90%, 11/09/2052
|
|
43,000
|
47,203
|
|
5.38%, 09/27/2054
|
|
1,041,000
|
938,464
|
|
6.00%, 08/03/2055
|
|
727,000
|
712,689
|
|
5.50%, 09/27/2064
|
|
1,697,000
|
1,517,345
|
|
6.13%, 08/03/2065
|
|
1,199,000
|
1,178,835
|
|
|
|
|
5,510,283
|
|
Technology Distributors–0.01%
|
|||
|
Arrow Electronics, Inc., 5.88%,
04/10/2034
|
|
150,000
|
154,315
|
|
Technology Hardware, Storage & Peripherals–0.14%
|
|||
|
Dell International LLC/EMC Corp.,
5.50%, 04/01/2035
|
|
3,283,000
|
3,320,703
|
|
Hewlett Packard Enterprise Co.,
5.00%, 10/15/2034
|
|
778,000
|
755,010
|
|
NetApp, Inc., 5.50%,
03/17/2032
|
|
200,000
|
205,515
|
|
|
|
|
4,281,228
|
|
Telecom Tower REITs–0.01%
|
|||
|
Crown Castle, Inc., 5.00%,
01/11/2028
|
|
150,000
|
151,305
|
|
Tobacco–0.41%
|
|||
|
Altria Group, Inc., 4.88%,
02/04/2028
|
|
288,000
|
290,764
|
|
B.A.T Capital Corp. (United
Kingdom), 3.56%,
08/15/2027
|
|
110,000
|
107,987
|
|
B.A.T. Capital Corp. (United Kingdom),
|
|
|
|
|
5.83%, 02/20/2031
|
|
151,000
|
158,188
|
|
4.74%, 03/16/2032
|
|
100,000
|
99,066
|
|
6.00%, 02/20/2034
|
|
68,000
|
71,652
|
|
7.08%, 08/02/2043
|
|
253,000
|
278,662
|
|
7.08%, 08/02/2053
|
|
38,000
|
42,396
|
|
|
Principal
Amount
|
Value
|
|
|
Tobacco–(continued)
|
|||
|
Philip Morris International, Inc.,
|
|
|
|
|
4.75%, 02/12/2027
|
|
$785,000
|
$789,580
|
|
4.38%, 11/01/2027
|
|
965,000
|
965,972
|
|
5.13%, 11/17/2027
|
|
66,000
|
67,064
|
|
4.88%, 02/15/2028
|
|
235,000
|
237,981
|
|
4.13%, 04/28/2028
|
|
857,000
|
851,759
|
|
5.25%, 09/07/2028
|
|
217,000
|
222,312
|
|
4.88%, 02/13/2029
|
|
598,000
|
606,207
|
|
4.63%, 11/01/2029
|
|
1,142,000
|
1,148,652
|
|
4.38%, 04/30/2030
|
|
1,316,000
|
1,307,556
|
|
2.10%, 05/01/2030
|
|
200,000
|
179,447
|
|
5.13%, 02/13/2031
|
|
150,000
|
153,230
|
|
4.75%, 11/01/2031
|
|
895,000
|
896,337
|
|
5.38%, 02/15/2033
|
|
279,000
|
286,488
|
|
5.63%, 09/07/2033
|
|
350,000
|
364,189
|
|
5.25%, 02/13/2034
|
|
550,000
|
557,093
|
|
4.90%, 11/01/2034
|
|
1,453,000
|
1,434,732
|
|
4.88%, 04/30/2035
|
|
1,235,000
|
1,210,336
|
|
4.38%, 11/15/2041
|
|
100,000
|
86,679
|
|
|
|
|
12,414,329
|
|
Trading Companies & Distributors–0.09%
|
|||
|
Ferguson Enterprises, Inc.,
5.00%, 10/03/2034
|
|
466,000
|
460,269
|
|
Mitsubishi Corp. (Japan),
|
|
|
|
|
5.00%, 07/02/2029(b)
|
|
1,211,000
|
1,236,064
|
|
5.13%, 07/17/2034(b)
|
|
944,000
|
959,787
|
|
|
|
|
2,656,120
|
|
Transaction & Payment Processing Services–0.04%
|
|||
|
Fiserv, Inc.,
|
|
|
|
|
5.38%, 08/21/2028
|
|
288,000
|
295,134
|
|
5.63%, 08/21/2033
|
|
179,000
|
184,514
|
|
5.45%, 03/15/2034
|
|
475,000
|
482,415
|
|
Mastercard, Inc., 4.85%,
03/09/2033
|
|
131,000
|
132,906
|
|
|
|
|
1,094,969
|
|
Water Utilities–0.00%
|
|||
|
United Utilities PLC (United
Kingdom), 6.88%,
08/15/2028
|
|
110,000
|
117,036
|
|
Wireless Telecommunication Services–0.01%
|
|||
|
America Movil S.A.B. de C.V.
(Mexico), 6.13%, 03/30/2040
|
|
220,000
|
229,194
|
|
Total U.S. Dollar Denominated Bonds & Notes
(Cost $1,145,878,717)
|
1,156,095,836
|
||
|
U.S. Government Sponsored Agency Mortgage-Backed
Securities–31.06%
|
|||
|
Collateralized Mortgage Obligations–0.14%
|
|||
|
Fannie Mae Interest STRIPS,
|
|
|
|
|
IO,
6.50%, 04/25/2029 to
02/25/2033(g)(h)
|
|
664,758
|
85,563
|
|
7.50%, 11/25/2029(g)
|
|
3,499
|
360
|
|
7.00%, 04/25/2032(g)
|
|
399,273
|
56,386
|
|
6.00%, 06/25/2033 to
03/25/2036(g)(h)
|
|
463,982
|
69,863
|
|
5.50%, 09/25/2033 to
06/25/2035(g)(h)
|
|
815,370
|
109,713
|
|
|
Principal
Amount
|
Value
|
|
|
Collateralized Mortgage Obligations–(continued)
|
|||
|
Fannie Mae REMICs,
|
|
|
|
|
7.00%, 07/25/2026
|
|
$64
|
$64
|
|
6.50%, 10/25/2028 to
10/25/2031
|
|
53,148
|
53,784
|
|
6.00%, 11/25/2028
|
|
26,276
|
26,593
|
|
7.50%, 12/25/2029
|
|
128,858
|
130,886
|
|
5.46% (30 Day Average SOFR +
1.11%), 07/25/2032(d)
|
|
29,168
|
29,464
|
|
4.86% (30 Day Average SOFR +
0.51%), 03/25/2033(d)
|
|
8,082
|
8,032
|
|
5.50%, 04/25/2035
|
|
555,167
|
569,106
|
|
4.71% (30 Day Average SOFR +
0.36%), 08/25/2035(d)
|
|
19,793
|
19,641
|
|
7.83% (24.20% - (3.67 x
(30 Day Average SOFR +
0.11%))), 06/25/2036(d)
|
|
71,230
|
81,979
|
|
5.40% (30 Day Average SOFR +
1.05%), 06/25/2037(d)
|
|
56,110
|
56,705
|
|
4.00%, 03/25/2041
|
|
39,384
|
37,487
|
|
IO,
3.69% (8.15% - (30 Day
Average SOFR + 0.11%)),
04/25/2027(d)(g)
|
|
10,571
|
262
|
|
3.00%, 11/25/2027(g)
|
|
244,737
|
4,330
|
|
2.64% (7.10% - (30 Day
Average SOFR + 0.11%)),
11/25/2030(d)(g)
|
|
5,592
|
292
|
|
3.29% (7.75% - (30 Day
Average SOFR + 0.11%)),
07/25/2031 to
02/25/2032(d)(g)
|
|
30,802
|
2,743
|
|
3.39% (7.85% - (30 Day
Average SOFR + 0.11%)),
11/18/2031(d)(g)
|
|
26,407
|
2,112
|
|
3.44% (7.90% - (30 Day
Average SOFR + 0.11%)),
11/25/2031(d)(g)
|
|
64,315
|
5,407
|
|
2.79% (7.25% - (30 Day
Average SOFR + 0.11%)),
01/25/2032(d)(g)
|
|
47,050
|
4,399
|
|
3.49% (7.95% - (30 Day
Average SOFR + 0.11%)),
01/25/2032 to
07/25/2032(d)(g)
|
|
59,357
|
4,375
|
|
3.64% (8.10% - (30 Day
Average SOFR + 0.11%)),
02/25/2032 to
03/25/2032(d)(g)
|
|
5,304
|
295
|
|
1.00% (8.00% - (30 Day
Average SOFR + 0.11%)),
04/25/2032(d)(g)
|
|
76,938
|
1,363
|
|
2.54% (7.00% - (30 Day
Average SOFR + 0.11%)),
04/25/2032 to
09/25/2032(d)(g)
|
|
212,722
|
17,976
|
|
3.54% (8.00% - (30 Day
Average SOFR + 0.11%)),
04/25/2032 to
12/25/2032(d)(g)
|
|
153,616
|
15,974
|
|
3.54% (8.00% - (30 Day
Average SOFR + 0.11%)),
12/18/2032(d)(g)
|
|
94,043
|
8,586
|
|
3.64% (8.10% - (30 Day
Average SOFR + 0.11%)),
12/18/2032(d)(g)
|
|
26,104
|
2,124
|
|
|
Principal
Amount
|
Value
|
|
|
Collateralized Mortgage Obligations–(continued)
|
|||
|
3.74% (8.20% - (30 Day
Average SOFR + 0.11%)),
01/25/2033(d)(g)
|
|
$152,880
|
$14,453
|
|
3.79% (8.25% - (30 Day
Average SOFR + 0.11%)),
02/25/2033 to
05/25/2033(d)(g)
|
|
99,798
|
14,346
|
|
7.00%, 03/25/2033 to
04/25/2033(g)
|
|
308,307
|
31,691
|
|
3.09% (7.55% - (30 Day
Average SOFR + 0.11%)),
10/25/2033(d)(g)
|
|
114,383
|
12,500
|
|
2.24% (6.70% - (30 Day
Average SOFR + 0.11%)),
02/25/2035 to
05/25/2035(d)(g)
|
|
236,861
|
18,591
|
|
2.29% (6.75% - (30 Day
Average SOFR + 0.11%)),
03/25/2035(d)(g)
|
|
38,091
|
1,886
|
|
2.14% (6.60% - (30 Day
Average SOFR + 0.11%)),
05/25/2035(d)(g)
|
|
145,377
|
8,695
|
|
3.50%, 08/25/2035(g)
|
|
2,470,658
|
253,268
|
|
1.64% (6.10% - (30 Day
Average SOFR + 0.11%)),
10/25/2035(d)(g)
|
|
137,887
|
11,936
|
|
2.12% (6.58% - (30 Day
Average SOFR + 0.11%)),
06/25/2036(d)(g)
|
|
7,718
|
580
|
|
1.59% (6.05% - (30 Day
Average SOFR + 0.11%)),
07/25/2038(d)(g)
|
|
66,722
|
2,292
|
|
4.00%, 04/25/2041 to
08/25/2047(g)
|
|
697,628
|
101,218
|
|
2.09% (6.55% - (30 Day
Average SOFR + 0.11%)),
10/25/2041(d)(g)
|
|
215,904
|
17,006
|
|
1.69% (6.15% - (30 Day
Average SOFR + 0.11%)),
12/25/2042(d)(g)
|
|
652,724
|
71,899
|
|
5.50%, 07/25/2046(g)
|
|
689,912
|
91,084
|
|
1.44% (5.90% - (30 Day
Average SOFR + 0.11%)),
09/25/2047(d)(g)
|
|
4,809,237
|
456,352
|
|
Freddie Mac Multifamily Structured
Pass-Through Ctfs.,
|
|
|
|
|
Series K734, Class X1, IO,
0.66%, 02/25/2026(h)
|
|
27,073,066
|
40,786
|
|
Series K735, Class X1, IO,
0.96%, 05/25/2026(h)
|
|
32,455,916
|
165,856
|
|
Series K093, Class X1, IO,
0.94%, 05/25/2029(h)
|
|
25,518,972
|
757,166
|
|
|
Principal
Amount
|
Value
|
|
|
Collateralized Mortgage Obligations–(continued)
|
|||
|
Freddie Mac REMICs,
|
|
|
|
|
IO,
3.20% (7.65% - (30 Day
Average SOFR + 0.11%)),
07/15/2026 to
03/15/2029(d)(g)
|
|
$48,394
|
$2,280
|
|
3.00%, 06/15/2027 to
12/15/2027(g)
|
|
829,203
|
15,383
|
|
2.50%, 05/15/2028(g)
|
|
246,338
|
5,275
|
|
3.25% (7.70% - (30 Day
Average SOFR + 0.11%)),
03/15/2029(d)(g)
|
|
2,822
|
68
|
|
3.65% (8.10% - (30 Day
Average SOFR + 0.11%)),
09/15/2029(d)(g)
|
|
3,066
|
175
|
|
3.30% (7.75% - (30 Day
Average SOFR + 0.11%)),
01/15/2032(d)(g)
|
|
60,691
|
5,225
|
|
2.60% (7.05% - (30 Day
Average SOFR + 0.11%)),
10/15/2033(d)(g)
|
|
133,669
|
8,569
|
|
2.25% (6.70% - (30 Day
Average SOFR + 0.11%)),
01/15/2035(d)(g)
|
|
132,211
|
7,842
|
|
2.30% (6.75% - (30 Day
Average SOFR + 0.11%)),
02/15/2035(d)(g)
|
|
93,886
|
5,359
|
|
2.27% (6.72% - (30 Day
Average SOFR + 0.11%)),
05/15/2035(d)(g)
|
|
461,528
|
32,191
|
|
2.20% (6.65% - (30 Day
Average SOFR + 0.11%)),
07/15/2035(d)(g)
|
|
321,006
|
28,679
|
|
2.55% (7.00% - (30 Day
Average SOFR + 0.11%)),
12/15/2037(d)(g)
|
|
45,696
|
4,608
|
|
1.55% (6.00% - (30 Day
Average SOFR + 0.11%)),
04/15/2038(d)(g)
|
|
33,022
|
2,724
|
|
1.62% (6.07% - (30 Day
Average SOFR + 0.11%)),
05/15/2038(d)(g)
|
|
700,500
|
55,526
|
|
1.80% (6.25% - (30 Day
Average SOFR + 0.11%)),
12/15/2039(d)(g)
|
|
162,741
|
13,762
|
|
1.65% (6.10% - (30 Day
Average SOFR + 0.11%)),
01/15/2044(d)(g)
|
|
691,004
|
65,117
|
|
4.00%, 03/15/2045(g)
|
|
6,554
|
0
|
|
6.50%, 02/15/2028 to
06/15/2032
|
|
264,451
|
270,105
|
|
6.00%, 04/15/2029
|
|
14,955
|
15,130
|
|
5.35% (30 Day Average SOFR +
1.01%), 07/15/2031(d)
|
|
22,616
|
22,750
|
|
7.00%, 03/15/2032
|
|
85,767
|
89,074
|
|
3.50%, 05/15/2032
|
|
71,704
|
70,048
|
|
5.45% (30 Day Average SOFR +
1.11%), 06/15/2032(d)
|
|
104,578
|
105,639
|
|
8.42% (24.75% - (3.67 x
(30 Day Average SOFR +
0.11%))), 08/15/2035(d)
|
|
22,133
|
24,297
|
|
4.85% (30 Day Average SOFR +
0.51%), 09/15/2035(d)
|
|
56,880
|
56,514
|
|
|
Principal
Amount
|
Value
|
|
|
Collateralized Mortgage Obligations–(continued)
|
|||
|
Freddie Mac STRIPS,
|
|
|
|
|
IO,
7.00%, 04/01/2027(g)
|
|
$14,346
|
$546
|
|
3.00%, 12/15/2027(g)
|
|
300,510
|
6,601
|
|
3.15%, 12/15/2027(h)
|
|
90,193
|
2,303
|
|
6.50%, 02/01/2028(g)
|
|
2,301
|
125
|
|
7.50%, 12/15/2029(g)
|
|
10,349
|
1,060
|
|
6.00%, 12/15/2032(g)
|
|
33,442
|
3,699
|
|
PO,
0.00%, 06/01/2026(i)
|
|
644
|
632
|
|
|
|
|
4,398,775
|
|
Federal Home Loan Mortgage Corp. (FHLMC)–1.98%
|
|||
|
6.50%, 07/01/2028 to
04/01/2034
|
|
36,082
|
37,270
|
|
6.00%, 10/01/2029 to
08/01/2053
|
|
23,324,132
|
23,874,586
|
|
7.00%, 10/01/2031 to
10/01/2037
|
|
348,872
|
367,277
|
|
5.50%, 09/01/2039 to
08/01/2053
|
|
32,509,180
|
32,616,667
|
|
2.00%, 05/01/2051
|
|
2,416,999
|
1,903,980
|
|
3.00%, 08/01/2052
|
|
1,697,907
|
1,456,531
|
|
|
|
|
60,256,311
|
|
Federal National Mortgage Association (FNMA)–1.22%
|
|||
|
6.50%, 12/01/2029 to
11/01/2031
|
|
183,323
|
189,150
|
|
7.50%, 01/01/2033 to
08/01/2033
|
|
206,547
|
211,221
|
|
7.00%, 04/01/2033 to
04/01/2034
|
|
130,116
|
136,806
|
|
5.50%, 02/01/2035 to
09/01/2053
|
|
29,488,650
|
29,544,113
|
|
4.00%, 05/01/2052
|
|
7,559,781
|
7,031,875
|
|
|
|
|
37,113,165
|
|
Government National Mortgage Association (GNMA)–4.39%
|
|||
|
TBA,
6.50%, 08/20/2025(j)
|
|
150,000
|
154,007
|
|
2.00%, 08/01/2055(j)
|
|
1,000,000
|
807,554
|
|
2.50%, 08/01/2055(j)
|
|
70,645,000
|
59,419,572
|
|
3.00%, 08/01/2055(j)
|
|
900,000
|
786,540
|
|
3.50%, 08/01/2055(j)
|
|
300,000
|
269,614
|
|
4.00%, 08/01/2055(j)
|
|
350,000
|
322,381
|
|
4.50%, 08/01/2055(j)
|
|
40,037,000
|
38,002,883
|
|
5.00%, 08/01/2055(j)
|
|
900,000
|
878,543
|
|
5.50%, 08/01/2055(j)
|
|
32,097,000
|
32,020,401
|
|
6.00%, 08/01/2055(j)
|
|
500,000
|
506,855
|
|
ARM,
4.63% (1 yr. U.S. Treasury Yield
Curve Rate + 1.50%),
07/20/2027(d)
|
|
71
|
71
|
|
IO,
2.10% (6.55% - (1 mo. Term
SOFR + 0.11%)),
04/16/2037(d)(g)
|
|
336,274
|
17,701
|
|
2.20% (6.65% - (1 mo. Term
SOFR + 0.11%)),
04/16/2041(d)(g)
|
|
871,705
|
54,847
|
|
|
Principal
Amount
|
Value
|
|
|
Government National Mortgage Association (GNMA)–
(continued)
|
|||
|
4.50%, 09/16/2047(g)
|
|
$1,932,297
|
$268,146
|
|
1.75% (6.20% - (1 mo. Term
SOFR + 0.11%)),
10/16/2047(d)(g)
|
|
1,793,663
|
215,813
|
|
|
|
|
133,724,928
|
|
Uniform Mortgage-Backed Securities–23.33%
|
|||
|
TBA,
1.50%, 08/01/2040(j)
|
|
200,000
|
176,683
|
|
2.00%, 08/01/2040 to
08/01/2055(j)
|
|
129,985,762
|
101,821,395
|
|
2.50%, 08/01/2040 to
08/01/2055(j)
|
|
137,647,026
|
112,839,796
|
|
3.00%, 08/01/2040 to
08/01/2055(j)
|
|
151,820,238
|
129,980,064
|
|
5.00%, 08/01/2040 to
08/01/2055(j)
|
|
112,110,205
|
109,134,610
|
|
3.50%, 08/01/2055(j)
|
|
77,248,544
|
69,018,687
|
|
4.00%, 08/01/2055(j)
|
|
55,620,270
|
51,306,337
|
|
4.50%, 08/01/2055(j)
|
|
15,464,427
|
14,671,537
|
|
5.50%, 08/01/2055(j)
|
|
30,419,009
|
30,262,716
|
|
6.00%, 08/01/2055(j)
|
|
89,627,535
|
90,880,356
|
|
6.50%, 08/01/2055(j)
|
|
650,000
|
670,520
|
|
|
|
|
710,762,701
|
|
Total U.S. Government Sponsored Agency
Mortgage-Backed Securities
(Cost $951,780,335)
|
946,255,880
|
||
|
|
|||
|
Asset-Backed Securities–22.33%
|
|||
|
AGL CLO 17 Ltd., Series 2022-
17A, Class AR, 5.28% (3 mo.
Term SOFR + 0.95%),
01/21/2035(b)(d)
|
|
6,576,000
|
6,580,255
|
|
AGL CLO 29 Ltd., Series 2024-
29A, Class A1, 5.90% (3 mo.
Term SOFR + 1.57%),
04/21/2037(b)(d)
|
|
9,655,000
|
9,704,569
|
|
ALA Trust, Series 2025-OANA,
Class B, 6.18% (1 mo. Term
SOFR + 1.84%),
06/15/2040(b)(d)
|
|
6,045,000
|
6,089,801
|
|
Alternative Loan Trust,
|
|
|
|
|
Series 2005-21CB, Class A7,
5.50%, 06/25/2035
|
|
428,747
|
319,925
|
|
Series 2005-29CB, Class A4,
5.00%, 07/25/2035
|
|
204,990
|
110,293
|
|
AMSR Trust, Series 2021-SFR3,
Class B, 1.73%, 10/17/2038(b)
|
|
4,415,000
|
4,231,907
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Angel Oak Mortgage Trust,
|
|
|
|
|
Series 2020-1, Class A1,
2.16%, 12/25/2059(b)(k)
|
|
$228,733
|
$222,375
|
|
Series 2020-3, Class A1,
1.69%, 04/25/2065(b)(k)
|
|
956,848
|
903,770
|
|
Series 2021-3, Class A1,
1.07%, 05/25/2066(b)(k)
|
|
734,357
|
623,601
|
|
Series 2021-7, Class A1,
1.98%, 10/25/2066(b)(k)
|
|
1,990,825
|
1,709,781
|
|
Series 2022-1, Class A1,
2.88%, 12/25/2066(b)
|
|
3,595,184
|
3,328,021
|
|
Series 2023-6, Class A1,
6.50%, 12/25/2067(b)
|
|
1,207,646
|
1,214,948
|
|
Series 2024-10, Class A1,
5.35%, 10/25/2069(b)
|
|
4,740,840
|
4,718,162
|
|
Series 2024-2, Class A1,
5.99%, 01/25/2069(b)
|
|
4,325,242
|
4,339,805
|
|
Series 2025-HB1, Class A1,
6.15% (30 Day Average SOFR +
1.80%), 02/25/2055(b)(d)
|
|
1,375,623
|
1,387,390
|
|
Apidos CLO XII, Series 2013-12A,
Class ARR, 5.40% (3 mo. Term
SOFR + 1.08%),
04/15/2031(b)(d)
|
|
3,211,779
|
3,214,714
|
|
Apidos CLO XXV, Series 2016-25A,
Class A1R3, 5.47% (3 mo.
Term SOFR + 1.14%),
01/20/2037(b)(d)
|
|
6,073,000
|
6,059,688
|
|
Avis Budget Rental Car Funding
(AESOP) LLC,
|
|
|
|
|
Series 2022-1A, Class A,
3.83%, 08/21/2028(b)
|
|
6,614,000
|
6,526,731
|
|
Series 2023-1A, Class A,
5.25%, 04/20/2029(b)
|
|
1,463,000
|
1,488,385
|
|
Series 2023-4A, Class A,
5.49%, 06/20/2029(b)
|
|
5,238,000
|
5,363,268
|
|
Bain Capital Credit CLO Ltd. (Cayman
Islands),
|
|
|
|
|
Series 2019-3A, Class ARR,
5.36% (3 mo. Term SOFR +
1.03%), 10/21/2034(b)(d)
|
|
1,805,000
|
1,807,128
|
|
Series 2021-1A, Class AR,
5.27% (3 mo. Term SOFR +
0.94%), 04/18/2034(b)(d)
|
|
3,604,000
|
3,605,157
|
|
Series 2021-6A, Class A1R,
5.42% (3 mo. Term SOFR +
1.09%), 10/21/2034(b)(d)
|
|
2,180,000
|
2,184,329
|
|
Series 2022-1A, Class A1,
5.65% (3 mo. Term SOFR +
1.32%), 04/18/2035(b)(d)
|
|
2,354,000
|
2,357,604
|
|
Banc of America Funding Trust,
|
|
|
|
|
Series 2007-1, Class 1A3,
6.00%, 01/25/2037
|
|
147,350
|
126,571
|
|
Series 2007-C, Class 1A4,
4.38%, 05/20/2036(k)
|
|
44,078
|
38,352
|
|
Banc of America Mortgage Trust,
Series 2007-1, Class 1A24,
6.00%, 03/25/2037
|
|
175,056
|
148,344
|
|
Bank, Series 2019-BNK16,
Class XA, IO, 0.93%,
02/15/2052(h)
|
|
22,171,641
|
564,168
|
|
Bank5, Series 2024-5YR10,
Class A, 5.64%, 10/15/2057
|
|
1,705,000
|
1,736,128
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Bayview MSR Opportunity Master Fund
Trust,
|
|
|
|
|
Series 2021-4, Class A3,
3.00%, 10/25/2051(b)(k)
|
|
$3,151,123
|
$2,648,144
|
|
Series 2021-4, Class A4,
2.50%, 10/25/2051(b)(k)
|
|
3,151,856
|
2,539,308
|
|
Series 2021-4, Class A8,
2.50%, 10/25/2051(b)(k)
|
|
2,768,809
|
2,460,494
|
|
Series 2021-5, Class A1,
3.00%, 11/25/2051(b)(k)
|
|
3,285,511
|
2,770,921
|
|
Series 2021-5, Class A2,
2.50%, 11/25/2051(b)(k)
|
|
4,008,466
|
3,235,793
|
|
Bear Stearns Adjustable Rate Mortgage
Trust,
|
|
|
|
|
Series 2005-9, Class A1,
0.76% (1 yr. U.S. Treasury Yield
Curve Rate + 2.30%),
10/25/2035(d)
|
|
100,940
|
95,737
|
|
Series 2006-1, Class A1,
0.65% (1 yr. U.S. Treasury Yield
Curve Rate + 2.25%),
02/25/2036(d)
|
|
277,030
|
263,582
|
|
Benchmark Mortgage Trust,
Series 2018-B1, Class XA, IO,
0.53%, 01/15/2051(h)
|
|
22,288,425
|
229,303
|
|
Benefit Street Partners CLO XXIII
Ltd., Series 2021-23A,
Class A1R, 5.42% (3 mo. Term
SOFR + 1.10%),
04/25/2034(b)(d)
|
|
8,600,000
|
8,606,201
|
|
Benefit Street Partners CLO XXV
Ltd., Series 2021-25A,
Class A1R, 5.32% (3 mo. Term
SOFR + 1.00%),
01/15/2035(b)(d)
|
|
5,519,000
|
5,520,380
|
|
BMO Mortgage Trust,
Series 2024-5C5, Class AS,
6.36%, 02/15/2057(k)
|
|
1,400,000
|
1,457,009
|
|
BRAVO Residential Funding Trust,
Series 2021-NQM2, Class A1,
0.97%, 03/25/2060(b)(k)
|
|
353,048
|
342,889
|
|
BSTN Commercial Mortgage Trust,
Series 2025-1C, Class A,
5.37%, 06/15/2044(b)(k)
|
|
7,127,000
|
7,234,190
|
|
Buckhorn Park CLO Ltd.,
Series 2019-1A, Class ARR,
5.40% (3 mo. Term SOFR +
1.07%), 07/18/2034(b)(d)
|
|
2,250,000
|
2,247,568
|
|
BX Commercial Mortgage Trust,
|
|
|
|
|
Series 2021-ACNT, Class A,
5.31% (1 mo. Term SOFR +
0.96%), 11/15/2038(b)(d)
|
|
1,903,203
|
1,903,777
|
|
Series 2021-VOLT, Class A,
5.16% (1 mo. Term SOFR +
0.81%), 09/15/2036(b)(d)
|
|
3,952,819
|
3,946,465
|
|
Series 2021-VOLT, Class B,
5.41% (1 mo. Term SOFR +
1.06%), 09/15/2036(b)(d)
|
|
3,482,937
|
3,471,194
|
|
Series 2024-VLT5, Class A,
5.41%, 11/13/2046(b)(k)
|
|
3,530,000
|
3,541,787
|
|
Series 2024-VLT5, Class B,
5.80%, 11/13/2046(b)(k)
|
|
2,495,000
|
2,531,375
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
BX Trust,
|
|
|
|
|
Series 2022-LBA6, Class A,
5.34% (1 mo. Term SOFR +
1.00%), 01/15/2039(b)(d)
|
|
$3,670,000
|
$3,675,478
|
|
Series 2022-LBA6, Class B,
5.64% (1 mo. Term SOFR +
1.30%), 01/15/2039(b)(d)
|
|
2,265,000
|
2,266,690
|
|
Series 2022-LBA6, Class C,
5.94% (1 mo. Term SOFR +
1.60%), 01/15/2039(b)(d)
|
|
1,215,000
|
1,215,368
|
|
Series 2025-VLT6, Class A,
5.79% (1 mo. Term SOFR +
1.44%), 03/15/2042(b)(d)
|
|
3,865,000
|
3,868,344
|
|
Carlyle Global Market Strategies CLO
Ltd. (Cayman Islands),
|
|
|
|
|
Series 2015-4A, Class A1RR,
5.55% (3 mo. Term SOFR +
1.22%), 07/20/2032(b)(d)
|
|
2,713,591
|
2,714,457
|
|
Series 2015-5A, Class A1R3,
5.43% (3 mo. Term SOFR +
1.10%), 01/20/2032(b)(d)
|
|
1,759,720
|
1,764,206
|
|
CarMax Auto Owner Trust,
|
|
|
|
|
Series 2022-4, Class A4,
5.70%, 07/17/2028
|
|
7,031,000
|
7,123,705
|
|
Series 2024-1, Class A3,
4.92%, 10/16/2028
|
|
5,840,000
|
5,870,182
|
|
CD Mortgage Trust, Series 2017-
CD6, Class XA, IO, 0.89%,
11/13/2050(h)
|
|
8,738,437
|
122,724
|
|
Cedar Funding XI CLO Ltd.,
Series 2019-11A, Class A1R2,
5.39% (3 mo. Term SOFR +
1.06%), 05/29/2032(b)(d)
|
|
4,045,862
|
4,041,210
|
|
Chase Home Lending Mortgage Trust,
|
|
|
|
|
Series 2019-ATR1, Class A15,
4.00%, 04/25/2049(b)(k)
|
|
52,237
|
49,597
|
|
Series 2024-9, Class A4,
5.50%, 09/25/2055(b)(k)
|
|
4,054,335
|
4,052,469
|
|
Series 2024-9, Class A6,
5.50%, 09/25/2055(b)(k)
|
|
666,678
|
665,311
|
|
Chase Mortgage Finance Trust,
Series 2005-A2, Class 1A3,
4.94%, 01/25/2036(k)
|
|
279,035
|
258,768
|
|
CIFC Funding Ltd., Series 2016-
1A, Class AR3, 5.33% (3 mo.
Term SOFR + 1.00%),
10/21/2031(b)(d)
|
|
2,504,220
|
2,500,792
|
|
Citigroup Commercial Mortgage
Trust, Series 2017-C4,
Class XA, IO, 0.98%,
10/12/2050(h)
|
|
23,200,786
|
412,041
|
|
Citigroup Mortgage Loan Trust, Inc.,
|
|
|
|
|
Series 2006-AR1, Class 1A1,
6.56% (1 yr. U.S. Treasury Yield
Curve Rate + 2.40%),
10/25/2035(d)
|
|
442,251
|
422,601
|
|
Series 2021-INV3, Class A3,
2.50%, 05/25/2051(b)(k)
|
|
3,146,355
|
2,538,959
|
|
Series 2024-1, Class A3A,
6.00%, 07/25/2054(b)(k)
|
|
4,422,442
|
4,457,198
|
|
CLI Funding IX LLC, Series 2025-
1A, Class A, 5.35%,
06/20/2050(b)
|
|
1,984,482
|
1,992,796
|
|
Clover CLO LLC, Series 2021-3A,
Class AR, 5.39% (3 mo. Term
SOFR + 1.07%),
01/25/2035(b)(d)
|
|
5,674,000
|
5,677,977
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
COLT 2025-8 Mortgage Loan
Trust, Series 2025-8, Class A1,
5.48%, 08/25/2070(b)
|
|
$3,805,000
|
$3,805,969
|
|
COLT Mortgage Loan Trust,
|
|
|
|
|
Series 2021-5, Class A1,
1.73%, 11/26/2066(b)(k)
|
|
951,549
|
852,176
|
|
Series 2022-1, Class A1,
2.28%, 12/27/2066(b)(k)
|
|
2,057,594
|
1,846,211
|
|
Series 2022-2, Class A1,
2.99%, 02/25/2067(b)
|
|
2,070,894
|
1,958,494
|
|
Series 2022-3, Class A1,
3.90%, 02/25/2067(b)(k)
|
|
2,816,003
|
2,740,167
|
|
Credit Suisse Mortgage Capital Trust,
|
|
|
|
|
Series 2021-NQM1, Class A1,
0.81%, 05/25/2065(b)(k)
|
|
395,469
|
356,776
|
|
Series 2021-NQM2, Class A1,
1.18%, 02/25/2066(b)(k)
|
|
633,844
|
566,331
|
|
Series 2022-ATH1, Class A1A,
2.87%, 01/25/2067(b)(k)
|
|
2,452,688
|
2,362,865
|
|
Series 2022-ATH1, Class A1B,
3.35%, 01/25/2067(b)(k)
|
|
1,890,000
|
1,718,507
|
|
Series 2022-ATH2, Class A1,
4.55%, 05/25/2067(b)(k)
|
|
2,817,895
|
2,809,007
|
|
Cross Mortgage Trust,
|
|
|
|
|
Series 2024-H2, Class A1,
6.09%, 04/25/2069(b)
|
|
2,957,802
|
2,976,645
|
|
Series 2024-H8, Class A1,
5.55%, 12/25/2069(b)(k)
|
|
3,695,670
|
3,701,991
|
|
CSAIL Commercial Mortgage Trust,
Series 2020-C19, Class A3,
2.56%, 03/15/2053
|
|
10,613,000
|
9,507,690
|
|
CSMC Mortgage-Backed Trust,
Series 2006-6, Class 1A4,
6.00%, 07/25/2036
|
|
565,212
|
256,849
|
|
DLLST LLC, Series 2024-1A,
Class A3, 5.05%,
08/20/2027(b)
|
|
3,230,000
|
3,239,737
|
|
EFMT 2025-NQM2, Series 2025-
NQM2, Class A1, 5.60%,
06/25/2070(b)
|
|
7,819,876
|
7,828,218
|
|
Ellington Financial Mortgage Trust,
|
|
|
|
|
Series 2020-1, Class A1,
2.01%, 05/25/2065(b)(k)
|
|
25,280
|
25,119
|
|
Series 2021-1, Class A1,
0.80%, 02/25/2066(b)(k)
|
|
227,216
|
194,263
|
|
Series 2022-1, Class A1,
2.21%, 01/25/2067(b)(k)
|
|
2,099,565
|
1,823,753
|
|
Series 2022-3, Class A1,
5.00%, 08/25/2067(b)
|
|
2,768,489
|
2,759,996
|
|
Series 2024-INV2, Class A1,
5.04%, 10/25/2069(b)
|
|
2,776,207
|
2,752,978
|
|
Elmwood CLO 15 Ltd.,
Series 2022-2A, Class A1R,
5.41% (3 mo. Term SOFR +
1.15%), 04/22/2035(b)(d)
|
|
6,380,000
|
6,382,941
|
|
Empower CLO Ltd., Series 2024-
1A, Class A1, 5.92% (3 mo.
Term SOFR + 1.60%),
04/25/2037(b)(d)
|
|
3,895,000
|
3,908,703
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Enterprise Fleet Financing LLC,
|
|
|
|
|
Series 2024-2, Class A2,
5.74%, 12/20/2026(b)
|
|
$1,251,172
|
$1,256,319
|
|
Series 2024-2, Class A3,
5.61%, 04/20/2028(b)
|
|
970,000
|
985,408
|
|
Series 2024-2, Class A4,
5.69%, 12/20/2030(b)
|
|
1,133,000
|
1,166,611
|
|
Series 2024-4, Class A3,
4.56%, 11/20/2028(b)
|
|
2,160,000
|
2,169,224
|
|
Extended Stay America Trust,
Series 2021-ESH, Class B,
5.84% (1 mo. Term SOFR +
1.49%), 07/15/2038(b)(d)
|
|
3,490,952
|
3,496,624
|
|
First Horizon Alternative Mortgage
Securities Trust, Series 2005-
FA8, Class 1A6, 5.12% (1 mo.
Term SOFR + 0.76%),
11/25/2035(d)
|
|
330,055
|
130,109
|
|
Flagstar Mortgage Trust,
|
|
|
|
|
Series 2021-11IN, Class A6,
3.70%, 11/25/2051(b)(k)
|
|
4,646,679
|
4,138,550
|
|
Series 2021-8INV, Class A6,
2.50%, 09/25/2051(b)(k)
|
|
981,177
|
872,980
|
|
Ford Credit Auto Owner Trust,
Series 2024-A, Class A3,
5.09%, 12/15/2028
|
|
9,250,000
|
9,328,460
|
|
Fort Greene Park CLO LLC,
Series 2025-2A, Class AR,
5.28% (3 mo. Term SOFR +
0.95%), 04/22/2034(b)(d)
|
|
3,920,000
|
3,914,414
|
|
FREMF Mortgage Trust,
Series 2017-K62, Class B,
3.88%, 01/25/2050(b)(k)
|
|
1,040,000
|
1,023,791
|
|
Frontier Issuer LLC,
Series 2023-1, Class A2,
6.60%, 08/20/2053(b)
|
|
4,952,710
|
5,017,663
|
|
GCAT 2025-NQM4 Trust,
Series 2025-NQM4, Class A1A,
5.53%, 06/25/2070(b)
|
|
5,985,000
|
5,994,048
|
|
GCAT Trust, Series 2025-NQM2,
Class A1, 5.60%,
04/25/2070(b)
|
|
4,550,506
|
4,562,957
|
|
Goldentree Loan Management US
CLO 1 Ltd., Series 2017-1A,
Class A1R3, 5.30% (3 mo.
Term SOFR + 0.97%),
04/20/2034(b)(d)
|
|
2,434,000
|
2,432,459
|
|
GoldenTree Loan Management US
CLO 5 Ltd., Series 2019-5A,
Class ARR, 5.40% (3 mo. Term
SOFR + 1.07%),
10/20/2032(b)(d)
|
|
1,618,128
|
1,619,707
|
|
GoldenTree Loan Management US
CLO 8 Ltd., Series 2020-8A,
Class ARR, 5.48% (3 mo. Term
SOFR + 1.15%),
10/20/2034(b)(d)
|
|
3,323,000
|
3,329,164
|
|
Golub Capital Partners CLO 53(B)
Ltd., Series 2021-53A,
Class AR, 5.31% (3 mo. Term
SOFR + 0.98%),
07/20/2034(b)(d)
|
|
9,311,000
|
9,313,356
|
|
GS Mortgage Securities Trust,
Series 2020-GC47, Class A5,
2.38%, 05/12/2053
|
|
3,780,000
|
3,399,401
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
GS Mortgage-Backed Securities Trust,
|
|
|
|
|
Series 2021-INV1, Class A6,
2.50%, 12/25/2051(b)(k)
|
|
$2,532,475
|
$2,247,674
|
|
Series 2025-HE1, Class A1,
6.09% (30 Day Average SOFR +
1.55%), 10/25/2055(b)(d)
|
|
2,755,000
|
2,756,377
|
|
Series 2025-PJ4, Class A4,
6.00%, 09/25/2055(b)(k)
|
|
463,518
|
467,016
|
|
GSR Mortgage Loan Trust,
Series 2005-AR4, Class 6A1,
5.02%, 07/25/2035(k)
|
|
23,716
|
22,291
|
|
Hertz Vehicle Financing III L.P.,
|
|
|
|
|
Series 2021-2A, Class A,
1.68%, 12/27/2027(b)
|
|
1,322,000
|
1,275,466
|
|
Series 2021-2A, Class B,
2.12%, 12/27/2027(b)
|
|
705,000
|
677,873
|
|
Hilton Grand Vacations Trust,
Series 2025-1A, Class A,
4.88%, 05/27/2042(b)
|
|
1,243,854
|
1,250,011
|
|
HPEFS Equipment Trust,
Series 2023-2A, Class A2,
6.04%, 01/21/2031(b)
|
|
1,529
|
1,530
|
|
Invitation Homes Trust,
Series 2024-SFR1, Class A,
4.00%, 09/17/2041(b)
|
|
1,876,785
|
1,820,226
|
|
IP Mortgage Trust, Series 2025-IP,
Class A, 5.25%,
06/10/2042(b)(k)
|
|
11,643,000
|
11,740,831
|
|
J.P. Morgan Mortgage Trust,
Series 2025-NQM3, Class A1,
5.50%, 11/25/2065(b)(k)
|
|
5,905,000
|
5,916,199
|
|
Jersey Mike’s Funding,
Series 2025-1A, Class A2,
5.61%, 08/16/2055(b)
|
|
6,950,000
|
7,011,767
|
|
JP Morgan Mortgage Trust,
|
|
|
|
|
Series 2007-A1, Class 5A1,
5.04%, 07/25/2035(k)
|
|
117,235
|
118,874
|
|
Series 2021-LTV2, Class A1,
2.52%, 05/25/2052(b)(k)
|
|
3,603,542
|
2,997,450
|
|
Series 2024-8, Class A3,
5.50%, 01/25/2055(b)(k)
|
|
1,099,739
|
1,089,525
|
|
Series 2024-VIS1, Class A1,
5.99%, 07/25/2064(b)(k)
|
|
4,291,724
|
4,313,173
|
|
JPMBB Commercial Mortgage
Securities Trust,
|
|
|
|
|
Series 2014-C25, Class AS,
4.07%, 11/15/2047
|
|
6,036,000
|
5,835,872
|
|
Series 2015-C27, Class XA, IO,
0.72%, 02/15/2048(h)
|
|
4,347,724
|
43
|
|
KKR CLO 15 Ltd., Series 15,
Class A1R2, 5.43% (3 mo.
Term SOFR + 1.10%),
01/18/2032(b)(d)
|
|
3,483,994
|
3,485,653
|
|
Life Mortgage Trust,
Series 2021-BMR, Class C,
5.56% (1 mo. Term SOFR +
1.21%), 03/15/2038(b)(d)
|
|
167,676
|
166,991
|
|
Madison Park Funding XLVIII Ltd.,
Series 2021-48A, Class A,
5.74% (3 mo. Term SOFR +
1.41%), 04/19/2033(b)(d)
|
|
9,681,011
|
9,719,745
|
|
Madison Park Funding XXXIII Ltd.,
Series 2019-33A, Class AR,
5.61% (3 mo. Term SOFR +
1.29%), 10/15/2032(b)(d)
|
|
3,693,009
|
3,698,298
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Mello Mortgage Capital Acceptance
Trust,
|
|
|
|
|
Series 2021-INV2, Class A4,
2.50%, 08/25/2051(b)(k)
|
|
$1,934,423
|
$1,716,072
|
|
Series 2021-INV3, Class A4,
2.50%, 10/25/2051(b)(k)
|
|
1,944,433
|
1,727,617
|
|
Metronet Infrastructure Issuer LLC,
6.01%, 07/20/2055(f)
|
|
3,750,000
|
3,716,349
|
|
MFA Trust, Series 2021-INV2,
Class A1, 1.91%,
11/25/2056(b)(k)
|
|
2,294,315
|
2,044,080
|
|
MHP Commercial Mortgage Trust,
|
|
|
|
|
Series 2021-STOR, Class A,
5.16% (1 mo. Term SOFR +
0.81%), 07/15/2038(b)(d)
|
|
1,945,000
|
1,945,417
|
|
Series 2021-STOR, Class B,
5.36% (1 mo. Term SOFR +
1.01%), 07/15/2038(b)(d)
|
|
1,460,000
|
1,460,372
|
|
MILE Trust 2025-STNE,
Series 2025-STNE, Class A,
5.84% (1 mo. Term SOFR +
1.50%), 07/15/2042(b)(d)
|
|
4,735,000
|
4,749,931
|
|
Morgan Stanley Capital I Trust,
Series 2017-HR2, Class XA, IO,
0.85%, 12/15/2050(h)
|
|
10,393,963
|
172,410
|
|
Morgan Stanley Residential Mortgage
Loan Trust,
|
|
|
|
|
Series 2024-3, Class A1,
6.00%, 07/25/2054(b)(k)
|
|
3,147,497
|
3,166,174
|
|
Series 2024-NQM5, Class A1,
5.65%, 10/25/2069(b)(k)
|
|
4,657,436
|
4,677,434
|
|
Series 2025-NQM1, Class A1,
5.74%, 11/25/2069(b)(k)
|
|
4,043,676
|
4,055,790
|
|
Navient Refinance Loan Trust,
Series 2025-A, Class A, 5.15%,
02/16/2055(b)
|
|
3,660,306
|
3,685,777
|
|
Neuberger Berman Loan Advisers
CLO 38 Ltd., Series 2020-38A,
Class AR2, 5.29% (3 mo. Term
SOFR + 0.96%),
10/20/2036(b)(d)
|
|
4,815,000
|
4,817,350
|
|
Neuberger Berman Loan Advisers
CLO 40 Ltd., Series 2021-40A,
Class A, 5.64% (3 mo. Term
SOFR + 1.32%),
04/16/2033(b)(d)
|
|
3,072,483
|
3,077,878
|
|
Neuberger Berman Loan Advisers
CLO 49 Ltd., Series 2022-49A,
Class AR, 5.47% (3 mo. Term
SOFR + 1.15%),
07/25/2035(b)(d)
|
|
5,387,000
|
5,392,026
|
|
New Residential Mortgage Loan Trust,
|
|
|
|
|
Series 2022-NQM2, Class A1,
3.08%, 03/27/2062(b)(k)
|
|
1,993,786
|
1,869,654
|
|
Series 2024-NQM3, Class A1,
5.47%, 11/25/2064(b)
|
|
1,540,033
|
1,540,262
|
|
Series 2025-NQM2, Class A1,
5.57%, 04/25/2065(b)
|
|
5,544,229
|
5,567,363
|
|
Oaktree CLO Ltd., Series 2021-2A,
Class AR, 5.29% (3 mo. Term
SOFR + 0.97%),
01/15/2035(b)(d)
|
|
3,920,000
|
3,921,858
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
OBX Trust,
|
|
|
|
|
Series 2021-NQM4, Class A1,
1.96%, 10/25/2061(b)(k)
|
|
$3,055,167
|
$2,578,182
|
|
Series 2022-NQM1, Class A1,
2.31%, 11/25/2061(b)(k)
|
|
2,557,192
|
2,273,954
|
|
Series 2022-NQM2, Class A1B,
3.38%, 01/25/2062(b)
|
|
2,305,000
|
2,063,006
|
|
Series 2022-NQM8, Class A1,
6.10%, 09/25/2062(b)
|
|
3,797,343
|
3,786,369
|
|
Series 2024-NQM14, Class A1,
4.94%, 09/25/2064(b)
|
|
3,127,639
|
3,104,332
|
|
Series 2024-NQM18, Class A1,
5.41%, 10/25/2064(b)(k)
|
|
2,029,167
|
2,023,482
|
|
Oceanview Mortgage Trust,
Series 2021-3, Class A5,
2.50%, 07/25/2051(b)(k)
|
|
2,223,519
|
1,985,883
|
|
OCP CLO Ltd., Series 2020-8RA,
Class AR, 5.57% (3 mo. Term
SOFR + 1.25%),
10/17/2036(b)(d)
|
|
10,099,000
|
10,093,961
|
|
Palmer Square Loan Funding Ltd.,
Series 2025-2A, Class A1,
5.23% (3 mo. Term SOFR +
0.94%), 07/15/2033(b)(d)
|
|
10,655,000
|
10,664,142
|
|
Pikes Peak CLO 6, Series 2020-6A,
Class ARR, 5.26% (3 mo. Term
SOFR + 0.94%),
05/18/2034(b)(d)
|
|
5,390,000
|
5,391,353
|
|
PMT Loan Trust, Series 2025-INV1,
Class A7, 6.00%,
01/25/2060(b)(k)
|
|
2,544,980
|
2,568,867
|
|
PRKCM Trust, Series 2023-AFC4,
Class A1, 7.23%,
11/25/2058(b)
|
|
3,974,541
|
4,027,351
|
|
Progress Residential Trust,
|
|
|
|
|
Series 2021-SFR10, Class A,
2.39%, 12/17/2040(b)
|
|
2,034,290
|
1,905,015
|
|
Series 2022-SFR5, Class A,
4.45%, 06/17/2039(b)
|
|
3,062,949
|
3,052,085
|
|
Qdoba Funding LLC,
Series 2023-1A, Class A2,
8.50%, 09/14/2053(b)
|
|
5,742,607
|
5,973,873
|
|
Rate Mortgage Trust,
|
|
|
|
|
Series 2024-J4, Class A1,
6.00%, 12/25/2054(b)(k)
|
|
3,654,644
|
3,680,341
|
|
Series 2025-J1, Class A4,
6.00%, 03/25/2055(b)(k)
|
|
3,258,362
|
3,280,327
|
|
Series 2025-J2, Class A5,
5.50%, 07/25/2055(b)(k)
|
|
3,896,717
|
3,898,966
|
|
RCKT Mortgage Trust,
|
|
|
|
|
Series 2025-CES6, Class A1A,
5.47%, 06/25/2055(b)
|
|
2,091,259
|
2,098,392
|
|
Series 2025-CES7, Class A1A,
5.38%, 07/25/2055(b)
|
|
2,315,000
|
2,320,904
|
|
Regatta XIII Funding Ltd.,
Series 2018-2A, Class A1R,
5.42% (3 mo. Term SOFR +
1.10%), 07/15/2031(b)(d)
|
|
2,402,888
|
2,403,729
|
|
Residential Accredit Loans, Inc. Trust,
|
|
|
|
|
Series 2006-QS13, Class 1A8,
6.00%, 09/25/2036
|
|
36,612
|
28,754
|
|
Series 2007-QS6, Class A28,
5.75%, 04/25/2037
|
|
204,122
|
166,806
|
|
Residential Mortgage Loan Trust,
Series 2020-1, Class A1,
2.38%, 01/26/2060(b)(k)
|
|
66,280
|
65,653
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
RUN Trust, Series 2022-NQM1,
Class A1, 4.00%,
03/25/2067(b)
|
|
$1,699,379
|
$1,657,898
|
|
SG Residential Mortgage Trust,
|
|
|
|
|
Series 2022-1, Class A1,
3.17%, 03/27/2062(b)(k)
|
|
3,638,629
|
3,372,231
|
|
Series 2022-1, Class A2,
3.58%, 03/27/2062(b)(k)
|
|
1,535,063
|
1,392,694
|
|
Shackleton CLO Ltd.,
Series 2015-7RA, Class ARR,
5.42% (3 mo. Term SOFR +
1.10%), 07/15/2031(b)(d)
|
|
1,155,494
|
1,155,149
|
|
Signal Peak CLO 1 Ltd.,
Series 2014-1A, Class AR4,
5.40% (3 mo. Term SOFR +
1.08%), 04/17/2034(b)(d)
|
|
7,532,000
|
7,541,392
|
|
Sonic Capital LLC,
|
|
|
|
|
Series 2020-1A, Class A2I,
3.85%, 01/20/2050(b)
|
|
2,995,125
|
2,930,595
|
|
Series 2021-1A, Class A2I,
2.19%, 08/20/2051(b)
|
|
1,788,700
|
1,633,409
|
|
Series 2021-1A, Class A2II,
2.64%, 08/20/2051(b)
|
|
1,750,233
|
1,483,308
|
|
STAR Trust, Series 2021-1,
Class A1, 1.22%,
05/25/2065(b)(k)
|
|
1,024,213
|
956,166
|
|
Starwood Mortgage Residential Trust,
|
|
|
|
|
Series 2020-1, Class A1,
2.28%, 02/25/2050(b)(k)
|
|
90,584
|
86,183
|
|
Series 2021-6, Class A1,
1.92%, 11/25/2066(b)(k)
|
|
3,525,216
|
3,098,152
|
|
Series 2022-1, Class A1,
2.45%, 12/25/2066(b)(k)
|
|
2,614,595
|
2,357,632
|
|
Subway Funding LLC,
|
|
|
|
|
Series 2024-1A, Class A23,
6.51%, 07/30/2054(b)
|
|
3,895,562
|
3,970,836
|
|
Series 2024-1A, Class A2I,
6.03%, 07/30/2054(b)
|
|
4,275,690
|
4,337,788
|
|
Series 2024-1A, Class A2I,
6.27%, 07/30/2054(b)
|
|
4,239,960
|
4,325,798
|
|
Series 2024-3A, Class A23,
5.91%, 07/30/2054(b)
|
|
4,272,712
|
4,189,088
|
|
Series 2024-3A, Class A2I,
5.25%, 07/30/2054(b)
|
|
3,950,150
|
3,897,730
|
|
Series 2024-3A, Class A2I,
5.57%, 07/30/2054(b)
|
|
4,049,400
|
3,996,601
|
|
Symphony CLO XVI Ltd.,
Series 2015-16A, Class ARR,
5.52% (3 mo. Term SOFR +
1.20%), 10/15/2031(b)(d)
|
|
2,107,366
|
2,111,604
|
|
Symphony CLO XX Ltd.,
Series 2018-20A, Class AR2,
5.42% (3 mo. Term SOFR +
1.10%), 01/16/2032(b)(d)
|
|
4,060,623
|
4,062,507
|
|
Symphony CLO XXI Ltd.,
Series 2019-21A, Class AR2,
5.22% (3 mo. Term SOFR +
0.90%), 07/15/2032(b)(d)
|
|
6,318,752
|
6,321,343
|
|
Symphony CLO XXII Ltd.,
Series 2020-22A, Class A1AR,
5.51% (3 mo. Term SOFR +
1.18%), 04/18/2033(b)(d)
|
|
3,007,895
|
3,008,839
|
|
Symphony CLO XXIII Ltd.,
Series 2020-23A, Class AR2,
5.22% (3 mo. Term SOFR +
0.90%), 01/15/2034(b)(d)
|
|
1,980,852
|
1,979,661
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
Synchrony Card Funding LLC,
Series 2024-A2, Class A,
4.93%, 07/15/2030
|
|
$2,805,000
|
$2,837,666
|
|
Textainer Marine Containers VII
Ltd., Series 2021-2A, Class A,
2.23%, 04/20/2046(b)
|
|
2,777,940
|
2,583,580
|
|
TierPoint Issuer LLC,
|
|
|
|
|
Series 2025-1A, Class A2,
6.15%, 04/26/2055(b)
|
|
6,566,000
|
6,618,634
|
|
Series 2025-2A, Class A2,
6.40%, 04/26/2055(b)
|
|
5,131,000
|
5,124,255
|
|
Tricon American Homes Trust,
Series 2020-SFR2, Class A,
1.48%, 11/17/2039(b)
|
|
3,653,926
|
3,421,060
|
|
Tricon Residential Trust,
Series 2025-SFR1, Class A,
5.44% (1 mo. Term SOFR +
1.10%), 03/17/2042(b)(d)
|
|
4,003,116
|
4,005,566
|
|
UBS Commercial Mortgage Trust,
Series 2017-C5, Class XA, IO,
1.13%, 11/15/2050(h)
|
|
11,611,122
|
205,281
|
|
VDCM Commercial Mortgage Trust,
|
|
|
|
|
Series 2025-AZ, Class A,
5.23%, 07/13/2044(b)(k)
|
|
4,680,000
|
4,674,455
|
|
Series 2025-AZ, Class B,
5.48%, 07/13/2044(b)(k)
|
|
1,435,000
|
1,430,708
|
|
Verus Securitization Trust,
|
|
|
|
|
Series 2021-1, Class A1B,
0.82%, 01/25/2066(b)(k)
|
|
530,494
|
472,046
|
|
Series 2021-7, Class A1,
1.83%, 10/25/2066(b)
|
|
2,920,130
|
2,626,835
|
|
Series 2021-R1, Class A1,
0.82%, 10/25/2063(b)(k)
|
|
471,268
|
455,008
|
|
Series 2022-1, Class A1,
2.72%, 01/25/2067(b)
|
|
2,023,258
|
1,883,386
|
|
Series 2022-3, Class A1,
4.13%, 02/25/2067(b)
|
|
2,359,485
|
2,250,997
|
|
Series 2022-7, Class A1,
5.15%, 07/25/2067(b)
|
|
991,141
|
988,060
|
|
Series 2022-INV2, Class A1,
6.79%, 10/25/2067(b)
|
|
1,316,525
|
1,315,205
|
|
Series 2024-7, Class A1,
5.10%, 09/25/2069(b)(k)
|
|
2,504,146
|
2,487,294
|
|
Visio Trust, Series 2020-1R,
Class A1, 1.31%,
11/25/2055(b)
|
|
353,035
|
338,038
|
|
WaMu Mortgage Pass-Through Ctfs.
Trust,
|
|
|
|
|
Series 2003-AR10, Class A7,
6.49%, 10/25/2033(k)
|
|
132,203
|
127,406
|
|
Series 2005-AR14, Class 1A4,
4.92%, 12/25/2035(k)
|
|
229,382
|
216,324
|
|
Series 2005-AR16, Class 1A1,
4.68%, 12/25/2035(k)
|
|
211,152
|
194,270
|
|
Wells Fargo Commercial Mortgage
Trust, Series 2017-C42,
Class XA, IO, 0.83%,
12/15/2050(h)
|
|
16,044,567
|
259,490
|
|
WEST Trust 2025-ROSE,
Series 2025-ROSE, Class A,
5.28%, 04/10/2035(b)(k)
|
|
14,000,000
|
14,205,358
|
|
WF Card Issuance Trust,
Series 2024-A1, Class A,
4.94%, 02/15/2029
|
|
7,253,000
|
7,328,887
|
|
|
Principal
Amount
|
Value
|
|
|
|
|||
|
WFRBS Commercial Mortgage Trust,
Series 2013-C14, Class AS,
3.49%, 06/15/2046
|
|
$315,290
|
$307,135
|
|
Zaxby’s Funding LLC,
|
|
|
|
|
Series 2021-1A, Class A2,
3.24%, 07/30/2051(b)
|
|
5,620,800
|
5,240,474
|
|
Series 2024-1A, Class A2I,
6.59%, 04/30/2054(b)
|
|
2,564,100
|
2,606,409
|
|
Zayo Issuer LLC, Series 2025-2A,
Class A2, 5.95%,
06/20/2055(b)
|
|
6,672,000
|
6,822,662
|
|
Ziply Fiber Issuer LLC,
Series 2024-1A, Class A2,
6.64%, 04/20/2054(b)
|
|
3,920,000
|
4,011,839
|
|
Total Asset-Backed Securities
(Cost $695,758,443)
|
680,226,149
|
||
|
U.S. Treasury Securities–17.37%
|
|||
|
U.S. Treasury Bills–0.01%
|
|||
|
4.10% - 4.12%,
05/14/2026(l)
|
|
472,000
|
457,004
|
|
U.S. Treasury Bonds–5.27%
|
|||
|
5.25%, 11/15/2028
|
|
7,000,000
|
7,288,477
|
|
5.25%, 02/15/2029
|
|
1,000,000
|
1,047,187
|
|
5.00%, 05/15/2045
|
|
41,096,500
|
41,706,526
|
|
2.88%, 11/15/2046
|
|
4,000,000
|
2,912,656
|
|
2.00%, 08/15/2051
|
|
1,400,000
|
795,539
|
|
4.63%, 02/15/2055
|
|
111,378,800
|
106,732,216
|
|
|
|
|
160,482,601
|
|
U.S. Treasury Notes–12.09%
|
|||
|
4.63%, 11/15/2026
|
|
2,600,000
|
2,617,113
|
|
2.25%, 02/15/2027
|
|
15,000,000
|
14,606,543
|
|
3.75%, 06/30/2027
|
|
189,246,200
|
188,551,311
|
|
4.38%, 07/15/2027
|
|
7,500,000
|
7,559,766
|
|
3.88%, 10/15/2027
|
|
3,000,000
|
2,997,363
|
|
3.88%, 07/15/2028
|
|
17,189,500
|
17,184,800
|
|
4.13%, 10/31/2029
|
|
1,500,000
|
1,511,397
|
|
3.88%, 06/30/2030
|
|
77,128,900
|
76,863,769
|
|
0.63%, 08/15/2030
|
|
5,000,000
|
4,244,434
|
|
4.13%, 11/30/2031
|
|
1,500,000
|
1,502,900
|
|
4.00%, 04/30/2032
|
|
1,800,000
|
1,787,168
|
|
4.00%, 06/30/2032
|
|
3,994,800
|
3,962,966
|
|
3.88%, 08/15/2033
|
|
1,500,000
|
1,464,287
|
|
4.38%, 05/15/2034
|
|
1,000,000
|
1,006,270
|
|
4.25%, 05/15/2035
|
|
42,827,800
|
42,456,402
|
|
|
|
|
368,316,489
|
|
Total U.S. Treasury Securities
(Cost $528,830,111)
|
529,256,094
|
||
|
|
Shares |
|
|
|
Preferred Stocks–0.37%
|
|||
|
Diversified Financial Services–0.19%
|
|||
|
Apollo Global Management, Inc.,
7.63%, Pfd.(c)
|
215,375
|
5,735,436
|
|
|
Regional Banks–0.18%
|
|||
|
M&T Bank Corp., 7.50%, Series J, Pfd.
|
198,205
|
5,357,481
|
|
|
Total Preferred Stocks (Cost $10,339,500)
|
11,092,917
|
||
|
|
Principal
Amount
|
Value
|
|
|
Agency Credit Risk Transfer Notes–0.08%
|
|||
|
Fannie Mae Connecticut Avenue
Securities,
|
|
|
|
|
Series 2023-R02, Class 1M1,
6.65% (30 Day Average SOFR +
2.30%), 01/25/2043(b)(d)
|
|
$913,102
|
$934,397
|
|
Series 2025-R04, Class 1A1,
5.35% (30 Day Average SOFR +
1.00%), 05/25/2045(b)(d)
|
|
458,267
|
458,517
|
|
Freddie Mac,
|
|
|
|
|
Series 2022-DNA6, Class M1,
STACR®, 6.50% (30 Day
Average SOFR + 2.15%),
09/25/2042(b)(d)
|
|
310,340
|
312,811
|
|
Series 2023-DNA1, Class M1,
STACR®, 6.45% (30 Day
Average SOFR + 2.10%),
03/25/2043(b)(d)
|
|
688,933
|
700,235
|
|
Total Agency Credit Risk Transfer Notes
(Cost $2,370,642)
|
2,405,960
|
||
|
|
Shares
|
Value
|
|
|
Exchange-Traded Funds–0.00%
|
|||
|
Invesco Core Fixed Income ETF
(Cost $112,440)(m)
|
4,500
|
$112,530
|
|
|
Money Market Funds–18.23%
|
|||
|
Invesco Government & Agency
Portfolio, Institutional Class,
4.25%(m)(n)
|
195,145,617
|
195,145,617
|
|
|
Invesco Treasury Portfolio,
Institutional Class, 4.23%(m)(n)
|
360,322,255
|
360,322,255
|
|
|
Total Money Market Funds (Cost $555,467,872)
|
555,467,872
|
||
|
TOTAL INVESTMENTS IN SECURITIES–127.39%
(Cost $3,890,538,060)
|
3,880,913,238
|
||
|
OTHER ASSETS LESS LIABILITIES—(27.39)%
|
(834,347,925
)
|
||
|
NET ASSETS–100.00%
|
$3,046,565,313
|
||
|
ARM
|
– Adjustable Rate Mortgage
|
|
Ctfs.
|
– Certificates
|
|
ETF
|
– Exchange-Traded Fund
|
|
IO
|
– Interest Only
|
|
Pfd.
|
– Preferred
|
|
PO
|
– Principal Only
|
|
REIT
|
– Real Estate Investment Trust
|
|
REMICs
|
– Real Estate Mortgage Investment Conduits
|
|
SOFR
|
– Secured Overnight Financing Rate
|
|
STACR®
|
– Structured Agency Credit Risk
|
|
STRIPS
|
– Separately Traded Registered Interest and Principal Security
|
|
TBA
|
– To Be Announced
|
|
(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.
|
|
(b)
|
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
July 31, 2025 was $959,028,306, which represented 31.48% of the Fund’s Net Assets.
|
|
(c)
|
Security issued at a fixed rate for a specific period of time, after which it will
convert to a variable rate.
|
|
(d)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on July 31, 2025.
|
|
(e)
|
Perpetual bond with no specified maturity date.
|
|
(f)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(g)
|
Interest only security. Principal amount shown is the notional principal and does
not reflect the maturity value of the security.
|
|
(h)
|
Interest only security. Principal amount shown is the notional principal and does
not reflect the maturity value of the security. Interest rate is redetermined
periodically based on the cash flows generated by the pool of assets backing the security,
less any applicable fees. The rate shown is the rate in effect on July 31,
2025.
|
|
(i)
|
Zero coupon bond issued at a discount.
|
|
(j)
|
Security purchased on a forward commitment basis. This security is subject to dollar
roll transactions.
|
|
(k)
|
Interest rate is redetermined periodically based on the cash flows generated by the
pool of assets backing the security, less any applicable fees. The rate shown is
the rate in effect on July 31, 2025.
|
|
(l)
|
Security traded on a discount basis. The interest rate shown represents the discount
rate at the time of purchase by the Fund.
|
|
(m)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund’s transactions in, and earnings from, its investments in
affiliates for the nine months ended July 31, 2025.
|
|
|
Value
October 31, 2024
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
July 31, 2025
|
Dividend Income
|
|
Invesco Core Fixed Income ETF
|
$-
|
$112,440
|
$-
|
$90
|
$-
|
$112,530
|
$-
|
|
|
Value
October 31, 2024
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
|
Realized
Gain
|
Value
July 31, 2025
|
Dividend Income
|
|
Investments in Affiliated Money Market
Funds:
|
|
|
|
|
|
|
|
|
Invesco Government & Agency Portfolio,
Institutional Class
|
$202,470,270
|
$378,546,777
|
$(385,871,430)
|
$-
|
$-
|
$195,145,617
|
$7,206,925
|
|
Invesco Treasury Portfolio, Institutional Class
|
373,925,183
|
703,015,442
|
(716,618,370)
|
-
|
-
|
360,322,255
|
13,219,601
|
|
Total
|
$576,395,453
|
$1,081,674,659
|
$(1,102,489,800)
|
$90
|
$-
|
$555,580,402
|
$20,426,526
|
|
(n)
|
The rate shown is the 7-day SEC standardized yield as of July 31, 2025.
|
|
Open Futures Contracts(a)
|
|||||
|
Long Futures Contracts
|
Number of
Contracts
|
Expiration
Month
|
Notional
Value
|
Value
|
Unrealized
Appreciation
(Depreciation)
|
|
Interest Rate Risk
|
|||||
|
U.S. Treasury 2 Year Notes
|
1,514
|
September-2025
|
$313,374,345
|
$(565,179
)
|
$(565,179
)
|
|
U.S. Treasury 5 Year Notes
|
276
|
September-2025
|
29,855,438
|
(67,327
)
|
(67,327
)
|
|
U.S. Treasury 10 Year Notes
|
1,035
|
September-2025
|
114,949,688
|
581,258
|
581,258
|
|
U.S. Treasury Long Bonds
|
1,550
|
September-2025
|
176,990,625
|
3,178,787
|
3,178,787
|
|
U.S. Treasury Ultra Bonds
|
60
|
September-2025
|
7,038,750
|
(139,407
)
|
(139,407
)
|
|
Subtotal—Long Futures Contracts
|
2,988,132
|
2,988,132
|
|||
|
Short Futures Contracts
|
|
|
|
|
|
|
Interest Rate Risk
|
|||||
|
U.S. Treasury 10 Year Ultra Notes
|
2,222
|
September-2025
|
(251,259,594
)
|
(2,895,736
)
|
(2,895,736
)
|
|
Total Futures Contracts
|
$92,396
|
$92,396
|
|||
|
(a)
|
Futures contracts collateralized by $7,197,743 cash held with Merrill Lynch International,
the futures commission merchant.
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
U.S. Dollar Denominated Bonds & Notes
|
$—
|
$1,147,785,527
|
$8,310,309
|
$1,156,095,836
|
|
U.S. Government Sponsored Agency Mortgage-Backed Securities
|
—
|
946,255,880
|
—
|
946,255,880
|
|
Asset-Backed Securities
|
—
|
676,509,800
|
3,716,349
|
680,226,149
|
|
U.S. Treasury Securities
|
—
|
529,256,094
|
—
|
529,256,094
|
|
Preferred Stocks
|
11,092,917
|
—
|
—
|
11,092,917
|
|
Agency Credit Risk Transfer Notes
|
—
|
2,405,960
|
—
|
2,405,960
|
|
Exchange-Traded Funds
|
112,530
|
—
|
—
|
112,530
|
|
Money Market Funds
|
555,467,872
|
—
|
—
|
555,467,872
|
|
Total Investments in Securities
|
566,673,319
|
3,302,213,261
|
12,026,658
|
3,880,913,238
|
|
Other Investments - Assets*
|
|
|
|
|
|
Futures Contracts
|
3,760,045
|
—
|
—
|
3,760,045
|
|
Other Investments - Liabilities*
|
|
|
|
|
|
Futures Contracts
|
(3,667,649
)
|
—
|
—
|
(3,667,649
)
|
|
Total Other Investments
|
92,396
|
—
|
—
|
92,396
|
|
Total Investments
|
$566,765,715
|
$3,302,213,261
|
$12,026,658
|
$3,881,005,634
|
|
*
|
Unrealized appreciation (depreciation).
|