Class name

Costs of a $10,000 investment

Costs paid as a percentage of a $10,000 investment

Institutional Shares 

$29

0.29%

Institutional Shares

Bloomberg U.S. Aggregate Bond Index

ICE BofA 6-Month U.S. Treasury Bill Index

Aug 15

$10,005

$9,986

$10,001

Sep 15

$10,010

$10,053

$10,011

Oct 15

$10,015

$10,055

$10,008

Nov 15

$10,020

$10,028

$10,007

Dec 15

$10,016

$9,996

$10,012

Jan 16

$10,023

$10,133

$10,020

Feb 16

$10,030

$10,205

$10,024

Mar 16

$10,058

$10,299

$10,033

Apr 16

$10,065

$10,338

$10,040

May 16

$10,073

$10,341

$10,041

Jun 16

$10,080

$10,527

$10,053

Jul 16

$10,098

$10,594

$10,056

Aug 16

$10,106

$10,581

$10,057

Sep 16

$10,115

$10,575

$10,066

Oct 16

$10,124

$10,494

$10,072

Nov 16

$10,133

$10,246

$10,074

Dec 16

$10,146

$10,261

$10,079

Jan 17

$10,155

$10,281

$10,086

Feb 17

$10,175

$10,350

$10,092

Mar 17

$10,176

$10,344

$10,092

Apr 17

$10,187

$10,424

$10,100

May 17

$10,207

$10,504

$10,106

Jun 17

$10,218

$10,494

$10,115

Jul 17

$10,229

$10,539

$10,126

Aug 17

$10,240

$10,634

$10,140

Sep 17

$10,251

$10,583

$10,147

Oct 17

$10,253

$10,589

$10,156

Nov 17

$10,265

$10,575

$10,164

Dec 17

$10,270

$10,624

$10,175

Jan 18

$10,274

$10,502

$10,187

Feb 18

$10,287

$10,402

$10,193

Mar 18

$10,292

$10,469

$10,207

Apr 18

$10,308

$10,391

$10,222

May 18

$10,337

$10,465

$10,240

Jun 18

$10,346

$10,452

$10,256

Jul 18

$10,366

$10,455

$10,274

Aug 18

$10,397

$10,522

$10,293

Sep 18

$10,417

$10,454

$10,307

Oct 18

$10,428

$10,372

$10,327

Nov 18

$10,450

$10,433

$10,347

Dec 18

$10,466

$10,625

$10,371

Jan 19

$10,512

$10,738

$10,394

Feb 19

$10,534

$10,732

$10,413

Mar 19

$10,570

$10,938

$10,438

Apr 19

$10,583

$10,941

$10,460

May 19

$10,617

$11,135

$10,485

Jun 19

$10,650

$11,275

$10,514

Jul 19

$10,673

$11,299

$10,534

Aug 19

$10,705

$11,592

$10,562

Sep 19

$10,725

$11,531

$10,580

Oct 19

$10,745

$11,565

$10,607

Nov 19

$10,763

$11,559

$10,619

Dec 19

$10,781

$11,551

$10,637

Jan 20

$10,810

$11,774

$10,653

Feb 20

$10,826

$11,986

$10,681

Mar 20

$10,734

$11,915

$10,736

Apr 20

$10,834

$12,127

$10,736

May 20

$10,878

$12,183

$10,734

Jun 20

$10,897

$12,260

$10,736

Jul 20

$10,916

$12,443

$10,740

Aug 20

$10,922

$12,343

$10,741

Sep 20

$10,917

$12,336

$10,743

Oct 20

$10,922

$12,281

$10,744

Nov 20

$10,926

$12,401

$10,746

Dec 20

$10,930

$12,418

$10,748

Jan 21

$10,933

$12,329

$10,749

Feb 21

$10,936

$12,151

$10,751

Mar 21

$10,928

$12,000

$10,753

Apr 21

$10,931

$12,094

$10,754

May 21

$10,944

$12,134

$10,755

Jun 21

$10,936

$12,219

$10,754

Jul 21

$10,938

$12,356

$10,755

Aug 21

$10,941

$12,332

$10,756

Sep 21

$10,943

$12,225

$10,756

Oct 21

$10,934

$12,222

$10,756

Nov 21

$10,926

$12,258

$10,756

Dec 21

$10,928

$12,227

$10,757

Jan 22

$10,909

$11,964

$10,752

Feb 22

$10,901

$11,830

$10,751

Mar 22

$10,861

$11,501

$10,747

Apr 22

$10,854

$11,065

$10,751

May 22

$10,872

$11,136

$10,763

Jun 22

$10,848

$10,962

$10,756

Jul 22

$10,882

$11,229

$10,766

Aug 22

$10,899

$10,912

$10,781

Sep 22

$10,884

$10,441

$10,798

Oct 22

$10,907

$10,305

$10,816

Nov 22

$10,955

$10,684

$10,855

Dec 22

$10,997

$10,636

$10,901

Jan 23

$11,064

$10,963

$10,938

Feb 23

$11,085

$10,680

$10,970

Mar 23

$11,122

$10,951

$11,028

Apr 23

$11,180

$11,018

$11,066

May 23

$11,220

$10,898

$11,093

Jun 23

$11,248

$10,859

$11,146

Jul 23

$11,313

$10,851

$11,192

Aug 23

$11,368

$10,782

$11,243

Sep 23

$11,401

$10,508

$11,293

Oct 23

$11,459

$10,342

$11,344

Nov 23

$11,529

$10,810

$11,403

Dec 23

$11,602

$11,224

$11,462

Jan 24

$11,652

$11,193

$11,512

Feb 24

$11,687

$11,035

$11,552

Mar 24

$11,737

$11,137

$11,604

Apr 24

$11,785

$10,856

$11,650

May 24

$11,835

$11,040

$11,705

Jun 24

$11,896

$11,144

$11,755

Jul 24

$11,969

$11,405

$11,817

Aug 24

$12,031

$11,569

$11,879

Sep 24

$12,092

$11,724

$11,940

Oct 24

$12,128

$11,433

$11,979

Nov 24

$12,162

$11,554

$12,023

Dec 24

$12,210

$11,365

$12,075

Jan 25

$12,269

$11,425

$12,118

Feb 25

$12,311

$11,676

$12,156

Mar 25

$12,358

$11,681

$12,198

Apr 25

$12,403

$11,727

$12,240

May 25

$12,449

$11,643

$12,277

Jun 25

$12,494

$11,822

$12,321

Jul 25

$12,541

$11,790

$12,361

Average Annual Total Returns

1 Year

5 Years

10 Years

Institutional Shares ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

4.77%

2.81%

2.29%

Bloomberg U.S. Aggregate Bond Index........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

3.38

(1.07)

1.66

ICE BofA 6-Month U.S. Treasury Bill Index........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

4.60

2.85

2.14

Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

$1,113,134,413

Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

247

Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

$1,523,024

Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

59%

Portfolio composition

Maturity allocation

Asset Type	Percent of Net Assets
Corporate Bonds........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	42.0%
U.S. Treasury Obligations........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	3.0
Asset-Backed Securities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	1.7
Foreign Agency Obligations........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	0.7
Municipal Bonds........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	0.4
Short-Term Securities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	52.5
Liabilities in Excess of Other Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	(0.3)

	Percent of Net Assets
1-7 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	6.0%
8-14 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	3.6
15-30 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	1.4
31-60 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	10.2
61-90 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	5.4
91-120 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	12.0
121-150 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	2.4
>150 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................	59.0

Class name

Costs of a $10,000 investment

Costs paid as a percentage of a $10,000 investment

Investor A Shares 

$51

0.50%

Investor A Shares

Bloomberg U.S. Aggregate Bond Index

ICE BofA 6-Month U.S. Treasury Bill Index

Aug 15

$9,992

$9,986

$10,001

Sep 15

$10,004

$10,053

$10,011

Oct 15

$10,006

$10,055

$10,008

Nov 15

$10,009

$10,028

$10,007

Dec 15

$10,002

$9,996

$10,012

Jan 16

$10,006

$10,133

$10,020

Feb 16

$10,010

$10,205

$10,024

Mar 16

$10,036

$10,299

$10,033

Apr 16

$10,040

$10,338

$10,040

May 16

$10,046

$10,341

$10,041

Jun 16

$10,060

$10,527

$10,053

Jul 16

$10,065

$10,594

$10,056

Aug 16

$10,071

$10,581

$10,057

Sep 16

$10,077

$10,575

$10,066

Oct 16

$10,093

$10,494

$10,072

Nov 16

$10,100

$10,246

$10,074

Dec 16

$10,100

$10,261

$10,079

Jan 17

$10,107

$10,281

$10,086

Feb 17

$10,124

$10,350

$10,092

Mar 17

$10,132

$10,344

$10,092

Apr 17

$10,140

$10,424

$10,100

May 17

$10,149

$10,504

$10,106

Jun 17

$10,157

$10,494

$10,115

Jul 17

$10,166

$10,539

$10,126

Aug 17

$10,175

$10,634

$10,140

Sep 17

$10,184

$10,583

$10,147

Oct 17

$10,193

$10,589

$10,156

Nov 17

$10,203

$10,575

$10,164

Dec 17

$10,206

$10,624

$10,175

Jan 18

$10,207

$10,502

$10,187

Feb 18

$10,208

$10,402

$10,193

Mar 18

$10,221

$10,469

$10,207

Apr 18

$10,235

$10,391

$10,222

May 18

$10,252

$10,465

$10,240

Jun 18

$10,269

$10,452

$10,256

Jul 18

$10,286

$10,455

$10,274

Aug 18

$10,305

$10,522

$10,293

Sep 18

$10,322

$10,454

$10,307

Oct 18

$10,342

$10,372

$10,327

Nov 18

$10,351

$10,433

$10,347

Dec 18

$10,376

$10,625

$10,371

Jan 19

$10,409

$10,738

$10,394

Feb 19

$10,429

$10,732

$10,413

Mar 19

$10,462

$10,938

$10,438

Apr 19

$10,484

$10,941

$10,460

May 19

$10,516

$11,135

$10,485

Jun 19

$10,547

$11,275

$10,514

Jul 19

$10,557

$11,299

$10,534

Aug 19

$10,587

$11,592

$10,562

Sep 19

$10,605

$11,531

$10,580

Oct 19

$10,634

$11,565

$10,607

Nov 19

$10,640

$11,559

$10,619

Dec 19

$10,656

$11,551

$10,637

Jan 20

$10,683

$11,774

$10,653

Feb 20

$10,708

$11,986

$10,681

Mar 20

$10,615

$11,915

$10,736

Apr 20

$10,712

$12,127

$10,736

May 20

$10,754

$12,183

$10,734

Jun 20

$10,771

$12,260

$10,736

Jul 20

$10,777

$12,443

$10,740

Aug 20

$10,781

$12,343

$10,741

Sep 20

$10,784

$12,336

$10,743

Oct 20

$10,787

$12,281

$10,744

Nov 20

$10,778

$12,401

$10,746

Dec 20

$10,780

$12,418

$10,748

Jan 21

$10,781

$12,329

$10,749

Feb 21

$10,781

$12,151

$10,751

Mar 21

$10,782

$12,000

$10,753

Apr 21

$10,783

$12,094

$10,754

May 21

$10,783

$12,134

$10,755

Jun 21

$10,784

$12,219

$10,754

Jul 21

$10,784

$12,356

$10,755

Aug 21

$10,784

$12,332

$10,756

Sep 21

$10,773

$12,225

$10,756

Oct 21

$10,763

$12,222

$10,756

Nov 21

$10,763

$12,258

$10,756

Dec 21

$10,753

$12,227

$10,757

Jan 22

$10,742

$11,964

$10,752

Feb 22

$10,721

$11,830

$10,751

Mar 22

$10,690

$11,501

$10,747

Apr 22

$10,682

$11,065

$10,751

May 22

$10,697

$11,136

$10,763

Jun 22

$10,672

$10,962

$10,756

Jul 22

$10,692

$11,229

$10,766

Aug 22

$10,707

$10,912

$10,781

Sep 22

$10,701

$10,441

$10,798

Oct 22

$10,711

$10,305

$10,816

Nov 22

$10,756

$10,684

$10,855

Dec 22

$10,806

$10,636

$10,901

Jan 23

$10,859

$10,963

$10,938

Feb 23

$10,878

$10,680

$10,970

Mar 23

$10,923

$10,951

$11,028

Apr 23

$10,967

$11,018

$11,066

May 23

$11,004

$10,898

$11,093

Jun 23

$11,041

$10,859

$11,146

Jul 23

$11,091

$10,851

$11,192

Aug 23

$11,143

$10,782

$11,243

Sep 23

$11,184

$10,508

$11,293

Oct 23

$11,228

$10,342

$11,344

Nov 23

$11,294

$10,810

$11,403

Dec 23

$11,364

$11,224

$11,462

Jan 24

$11,422

$11,193

$11,512

Feb 24

$11,454

$11,035

$11,552

Mar 24

$11,501

$11,137

$11,604

Apr 24

$11,534

$10,856

$11,650

May 24

$11,593

$11,040

$11,705

Jun 24

$11,638

$11,144

$11,755

Jul 24

$11,708

$11,405

$11,817

Aug 24

$11,766

$11,569

$11,879

Sep 24

$11,823

$11,724

$11,940

Oct 24

$11,857

$11,433

$11,979

Nov 24

$11,900

$11,554

$12,023

Dec 24

$11,944

$11,365

$12,075

Jan 25

$11,987

$11,425

$12,118

Feb 25

$12,026

$11,676

$12,156

Mar 25

$12,082

$11,681

$12,198

Apr 25

$12,112

$11,727

$12,240

May 25

$12,155

$11,643

$12,277

Jun 25

$12,209

$11,822

$12,321

Jul 25

$12,253

$11,790

$12,361

Average Annual Total Returns

1 Year

5 Years

10 Years

Investor A Shares ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

4.65%

2.60%

2.05%

Bloomberg U.S. Aggregate Bond Index........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

3.38

(1.07)

1.66

ICE BofA 6-Month U.S. Treasury Bill Index........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

4.60

2.85

2.14

Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

$1,113,134,413

Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

247

Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

$1,523,024

Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

59%

Asset Type

Percent of
Net Assets

Corporate Bonds........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

42.0%

U.S. Treasury Obligations........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

3.0

Asset-Backed Securities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

1.7

Foreign Agency Obligations........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

0.7

Municipal Bonds........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

0.4

Short-Term Securities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

52.5

Liabilities in Excess of Other Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

(0.3)

Percent of
Net Assets

1-7 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

6.0%

8-14 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

3.6

15-30 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

1.4

31-60 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

10.2

61-90 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

5.4

91-120 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

12.0

121-150 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

2.4

>150 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

59.0

Class name

Costs of a $10,000 investment

Costs paid as a percentage of a $10,000 investment

Class K Shares 

$21

0.20%

Class K Shares

Bloomberg U.S. Aggregate Bond Index

ICE BofA 6-Month U.S. Treasury Bill Index

Aug 15

$9,995

$9,986

$10,001

Sep 15

$10,010

$10,053

$10,011

Oct 15

$10,015

$10,055

$10,008

Nov 15

$10,021

$10,028

$10,007

Dec 15

$10,017

$9,996

$10,012

Jan 16

$10,024

$10,133

$10,020

Feb 16

$10,031

$10,205

$10,024

Mar 16

$10,059

$10,299

$10,033

Apr 16

$10,067

$10,338

$10,040

May 16

$10,075

$10,341

$10,041

Jun 16

$10,093

$10,527

$10,053

Jul 16

$10,100

$10,594

$10,056

Aug 16

$10,110

$10,581

$10,057

Sep 16

$10,118

$10,575

$10,066

Oct 16

$10,137

$10,494

$10,072

Nov 16

$10,147

$10,246

$10,074

Dec 16

$10,151

$10,261

$10,079

Jan 17

$10,160

$10,281

$10,086

Feb 17

$10,180

$10,350

$10,092

Mar 17

$10,192

$10,344

$10,092

Apr 17

$10,203

$10,424

$10,100

May 17

$10,214

$10,504

$10,106

Jun 17

$10,225

$10,494

$10,115

Jul 17

$10,237

$10,539

$10,126

Aug 17

$10,249

$10,634

$10,140

Sep 17

$10,261

$10,583

$10,147

Oct 17

$10,274

$10,589

$10,156

Nov 17

$10,287

$10,575

$10,164

Dec 17

$10,293

$10,624

$10,175

Jan 18

$10,297

$10,502

$10,187

Feb 18

$10,301

$10,402

$10,193

Mar 18

$10,317

$10,469

$10,207

Apr 18

$10,334

$10,391

$10,222

May 18

$10,363

$10,465

$10,240

Jun 18

$10,373

$10,452

$10,256

Jul 18

$10,393

$10,455

$10,274

Aug 18

$10,424

$10,522

$10,293

Sep 18

$10,445

$10,454

$10,307

Oct 18

$10,456

$10,372

$10,327

Nov 18

$10,479

$10,433

$10,347

Dec 18

$10,495

$10,625

$10,371

Jan 19

$10,542

$10,738

$10,394

Feb 19

$10,565

$10,732

$10,413

Mar 19

$10,590

$10,938

$10,438

Apr 19

$10,615

$10,941

$10,460

May 19

$10,650

$11,135

$10,485

Jun 19

$10,684

$11,275

$10,514

Jul 19

$10,707

$11,299

$10,534

Aug 19

$10,729

$11,592

$10,562

Sep 19

$10,750

$11,531

$10,580

Oct 19

$10,782

$11,565

$10,607

Nov 19

$10,790

$11,559

$10,619

Dec 19

$10,809

$11,551

$10,637

Jan 20

$10,839

$11,774

$10,653

Feb 20

$10,867

$11,986

$10,681

Mar 20

$10,775

$11,915

$10,736

Apr 20

$10,877

$12,127

$10,736

May 20

$10,921

$12,183

$10,734

Jun 20

$10,942

$12,260

$10,736

Jul 20

$10,951

$12,443

$10,740

Aug 20

$10,957

$12,343

$10,741

Sep 20

$10,963

$12,336

$10,743

Oct 20

$10,968

$12,281

$10,744

Nov 20

$10,973

$12,401

$10,746

Dec 20

$10,977

$12,418

$10,748

Jan 21

$10,981

$12,329

$10,749

Feb 21

$10,974

$12,151

$10,751

Mar 21

$10,977

$12,000

$10,753

Apr 21

$10,981

$12,094

$10,754

May 21

$10,984

$12,134

$10,755

Jun 21

$10,987

$12,219

$10,754

Jul 21

$10,990

$12,356

$10,755

Aug 21

$10,993

$12,332

$10,756

Sep 21

$10,985

$12,225

$10,756

Oct 21

$10,988

$12,222

$10,756

Nov 21

$10,980

$12,258

$10,756

Dec 21

$10,972

$12,227

$10,757

Jan 22

$10,964

$11,964

$10,752

Feb 22

$10,945

$11,830

$10,751

Mar 22

$10,917

$11,501

$10,747

Apr 22

$10,910

$11,065

$10,751

May 22

$10,929

$11,136

$10,763

Jun 22

$10,906

$10,962

$10,756

Jul 22

$10,930

$11,229

$10,766

Aug 22

$10,947

$10,912

$10,781

Sep 22

$10,944

$10,441

$10,798

Oct 22

$10,957

$10,305

$10,816

Nov 22

$11,006

$10,684

$10,855

Dec 22

$11,060

$10,636

$10,901

Jan 23

$11,116

$10,963

$10,938

Feb 23

$11,138

$10,680

$10,970

Mar 23

$11,187

$10,951

$11,028

Apr 23

$11,235

$11,018

$11,066

May 23

$11,276

$10,898

$11,093

Jun 23

$11,316

$10,859

$11,146

Jul 23

$11,371

$10,851

$11,192

Aug 23

$11,427

$10,782

$11,243

Sep 23

$11,472

$10,508

$11,293

Oct 23

$11,520

$10,342

$11,344

Nov 23

$11,591

$10,810

$11,403

Dec 23

$11,664

$11,224

$11,462

Jan 24

$11,715

$11,193

$11,512

Feb 24

$11,751

$11,035

$11,552

Mar 24

$11,802

$11,137

$11,604

Apr 24

$11,852

$10,856

$11,650

May 24

$11,914

$11,040

$11,705

Jun 24

$11,964

$11,144

$11,755

Jul 24

$12,039

$11,405

$11,817

Aug 24

$12,102

$11,569

$11,879

Sep 24

$12,164

$11,724

$11,940

Oct 24

$12,201

$11,433

$11,979

Nov 24

$12,248

$11,554

$12,023

Dec 24

$12,285

$11,365

$12,075

Jan 25

$12,345

$11,425

$12,118

Feb 25

$12,388

$11,676

$12,156

Mar 25

$12,436

$11,681

$12,198

Apr 25

$12,482

$11,727

$12,240

May 25

$12,530

$11,643

$12,277

Jun 25

$12,589

$11,822

$12,321

Jul 25

$12,612

$11,790

$12,361

Average Annual Total Returns

1 Year

5 Years

10 Years

Class K Shares ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

4.76%

2.86%

2.35%

Bloomberg U.S. Aggregate Bond Index........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

3.38

(1.07)

1.66

ICE BofA 6-Month U.S. Treasury Bill Index........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

4.60

2.85

2.14

Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

$1,113,134,413

Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

247

Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

$1,523,024

Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

59%

Asset Type

Percent of
Net Assets

Corporate Bonds........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

42.0%

U.S. Treasury Obligations........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

3.0

Asset-Backed Securities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

1.7

Foreign Agency Obligations........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

0.7

Municipal Bonds........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

0.4

Short-Term Securities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

52.5

Liabilities in Excess of Other Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

(0.3)

Percent of
Net Assets

1-7 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

6.0%

8-14 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

3.6

15-30 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

1.4

31-60 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

10.2

61-90 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

5.4

91-120 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

12.0

121-150 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

2.4

>150 days........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

59.0

What were the Fund costs for the last year?

How did the Fund perform last year?

What contributed to performance?

What detracted from performance?

Fund performance

Cumulative performance: August 1, 2015 through July 31, 2025

Average annual total returns

Key Fund statistics

Portfolio composition

Maturity allocation

What were the Fund costs for the last year?

How did the Fund perform last year?

What contributed to performance?

What detracted from performance?

Fund performance

Cumulative performance: August 1, 2015 through July 31, 2025

Average annual total returns

Key Fund statistics

Portfolio composition

Maturity allocation

What were the Fund costs for the last year?

How did the Fund perform last year?

What contributed to performance?

What detracted from performance?

Fund performance

Cumulative performance: August 1, 2015 through July 31, 2025

Average annual total returns

Key Fund statistics

Portfolio composition

Maturity allocation