|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – 128.1%
|
||||
|
Aerospace & Defense – 2.3%
|
||||
|
Axon Enterprise, Inc., 6.125%, 3/15/2030 (n)
|
|
$
|
711,000
|
$730,496
|
|
Axon Enterprise, Inc., 6.25%, 3/15/2033 (n)
|
|
|
229,000
|
236,720
|
|
Boeing Co., 6.388%, 5/01/2031
|
|
|
26,000
|
28,238
|
|
Boeing Co., 5.805%, 5/01/2050
|
|
|
83,000
|
79,816
|
|
Bombardier, Inc., 7.5%, 2/01/2029 (n)
|
|
|
266,000
|
277,596
|
|
Bombardier, Inc., 8.75%, 11/15/2030 (n)
|
|
|
287,000
|
309,296
|
|
Bombardier, Inc., 7.25%, 7/01/2031 (n)
|
|
|
311,000
|
327,883
|
|
Bombardier, Inc., 7%, 6/01/2032 (n)
|
|
|
244,000
|
254,778
|
|
Bombardier, Inc., 6.75%, 6/15/2033 (n)
|
|
|
308,000
|
320,277
|
|
Huntington Ingalls Industries, Inc., 5.749%, 1/15/2035
|
|
|
67,000
|
69,495
|
|
TransDigm, Inc., 4.625%, 1/15/2029
|
|
|
926,000
|
906,105
|
|
TransDigm, Inc., 6.375%, 3/01/2029 (n)
|
|
|
650,000
|
665,492
|
|
TransDigm, Inc., 6.875%, 12/15/2030 (n)
|
|
|
1,124,000
|
1,165,582
|
|
TransDigm, Inc., 6.375%, 5/31/2033 (n)
|
|
|
1,062,000
|
1,076,113
|
|
|
|
|
|
$6,447,887
|
|
Asset-Backed & Securitized – 3.3%
|
||||
|
3650R Commercial Mortgage Trust, 2021-PF1, “XA”, 1.109%, 11/15/2054 (i)
|
|
$
|
3,705,182
|
$139,759
|
|
ACREC 2021-FL1 Ltd., “C”, FLR, 6.624% ((SOFR - 1mo. + 0.11448%) + 2.15%), 10/16/2036 (n)
|
|
|
229,500
|
229,578
|
|
Angel Oak Mortgage Trust, 2024-12, “A1”, 5.653%, 10/25/2069 (n)
|
|
|
186,694
|
187,806
|
|
Angel Oak Mortgage Trust, 2024-9, “A1”, 5.138%, 9/25/2069 (n)
|
|
|
206,397
|
205,988
|
|
Angel Oak Mortgage Trust, 2025-1, “A2”, 5.844%, 1/25/2070 (n)
|
|
|
89,881
|
90,535
|
|
Arbor Realty Trust, Inc., CLO, 2022-FL1, “D”, FLR, 7.342% (SOFR - 30 day + 3%), 1/15/2037 (n)
|
|
|
208,000
|
207,496
|
|
AREIT 2022-CRE6 Trust, “C”, FLR, 6.491% (SOFR - 30 day + 2.15%), 1/20/2037 (n)
|
|
|
100,000
|
98,750
|
|
AREIT 2022-CRE6 Trust, “D”, FLR, 7.192% (SOFR - 30 day + 2.85%), 1/20/2037 (n)
|
|
|
100,000
|
97,750
|
|
ARI Fleet Lease Trust, 2023-B, “A2”, 6.05%, 7/15/2032 (n)
|
|
|
45,408
|
45,786
|
|
Bayview Financial Revolving Mortgage Loan Trust, FLR, 6.037% ((SOFR - 1mo. + 0.11448%)
+ 1.6%), 12/28/2040 (n)
|
|
|
56,639
|
120,340
|
|
BBCMS Mortgage Trust, 2020-C7, “XA”, 1.705%, 4/15/2053 (i)
|
|
|
1,905,822
|
89,245
|
|
BBCMS Mortgage Trust, 2021-C10, “XA”, 1.329%, 7/15/2054 (i)
|
|
|
914,940
|
47,222
|
|
BBCMS Mortgage Trust, 2021-C9, “XA”, 1.696%, 2/15/2054 (i)
|
|
|
2,212,860
|
145,462
|
|
Benchmark 2020-B18 Mortgage Trust, “XA”, 1.853%, 7/15/2053 (i)
|
|
|
2,751,449
|
146,896
|
|
Benchmark 2021-B23 Mortgage Trust, “XA”, 1.362%, 2/15/2054 (i)
|
|
|
3,570,269
|
172,749
|
|
Benchmark 2021-B24 Mortgage Trust, “XA”, 1.25%, 3/15/2054 (i)
|
|
|
1,977,742
|
80,777
|
|
Benchmark 2021-B26 Mortgage Trust, “XA”, 0.956%, 6/15/2054 (i)
|
|
|
5,353,509
|
183,313
|
|
Benchmark 2021-B27 Mortgage Trust, “XA”, 1.349%, 7/15/2054 (i)
|
|
|
6,749,784
|
345,006
|
|
Benchmark 2021-B28 Mortgage Trust, “XA”, 1.351%, 8/15/2054 (i)
|
|
|
2,275,002
|
118,014
|
|
Benchmark 2022-B36 Mortgage Trust, “XA”, 0.808%, 7/15/2055 (i)
|
|
|
8,921,831
|
361,137
|
|
BMP Commercial Mortgage Trust, 2024-MF23, “C”, FLR, 6.204% (SOFR - 1mo. + 1.8413%), 6/15/2041 (n)
|
|
|
100,000
|
100,281
|
|
BMP Commercial Mortgage Trust, 2024-MF23, “D”, FLR, 6.754% (SOFR - 1mo. + 2.3905%), 6/15/2041 (n)
|
|
|
100,000
|
100,281
|
|
BSPRT 2021-FL7 Issuer Ltd., “B”, FLR, 6.527% ((SOFR - 1mo. + 0.11448%) + 2.05%), 12/15/2038 (n)
|
|
|
100,000
|
99,960
|
|
BSPRT 2021-FL7 Issuer Ltd., “C”, FLR, 6.778% ((SOFR - 1mo. + 0.11448%) + 2.3%), 12/15/2038 (n)
|
|
|
100,000
|
99,337
|
|
Business Jet Securities LLC, 2024-1A, “A”, 6.197%, 5/15/2039 (n)
|
|
|
79,064
|
81,597
|
|
Business Jet Securities LLC, 2024-1A, “B”, 6.924%, 5/15/2039 (n)
|
|
|
79,065
|
81,404
|
|
Business Jet Securities LLC, 2024-2A, “A”, 5.364%, 9/15/2039 (n)
|
|
|
172,678
|
173,626
|
|
BX Trust, 2024-PURE, “A”, FLR, 4.663% (CORRA + 1.9%), 11/15/2041 (n)
|
|
CAD
|
147,723
|
108,662
|
|
Cathedral Lake VI Ltd., FLR, 6.111% (SOFR - 3mo. + 1.85%), 4/25/2034 (n)
|
|
$
|
126,020
|
126,018
|
|
CF Hippolyta Issuer LLC, 2020-1, “A1”, 1.69%, 7/15/2060 (n)
|
|
|
89,737
|
77,698
|
|
CF Hippolyta Issuer LLC, 2020-1, “B1”, 2.28%, 7/15/2060 (n)
|
|
|
89,945
|
70,251
|
|
Chesapeake Funding II LLC, 2023-1A, “A1”, 5.65%, 5/15/2035 (n)
|
|
|
47,858
|
48,153
|
|
Colt Funding LLC, 2024-1, “A1”, 5.835%, 2/25/2069 (n)
|
|
|
95,164
|
95,788
|
|
Commercial Mortgage Pass-Through Certificates, 2021-BN32, “XA”, 0.87%, 4/15/2054 (i)
|
|
|
1,562,949
|
47,165
|
|
Commercial Mortgage Pass-Through Certificates, 2021-BN34, “XA”, 1.066%, 6/15/2063 (i)
|
|
|
987,493
|
38,638
|
|
Commercial Mortgage Pass-Through Certificates, 2021-BN35, “XA”, 1.134%, 6/15/2064 (i)
|
|
|
1,284,834
|
55,523
|
|
Commercial Mortgage Pass-Through Certificates, 2022-BNK41, “AS”, 3.916%, 4/15/2065
|
|
|
257,000
|
237,960
|
|
Crest Ltd., CDO, 7% (0.001% Cash or 7% PIK), 1/28/2040 (a)(d)(p)
|
|
|
4,586,320
|
46
|
|
ELM Trust, 2024-ELM, “B10”, 6.195%, 6/10/2039 (n)
|
|
|
100,000
|
100,881
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Asset-Backed & Securitized – continued
|
||||
|
ELM Trust, 2024-ELM, “C10”, 6.396%, 6/10/2039 (n)
|
|
$
|
100,000
|
$100,794
|
|
ELM Trust, 2024-ELM, “D10”, 6.847%, 6/10/2039 (n)
|
|
|
100,000
|
100,521
|
|
Empire District Bondco LLC, 4.943%, 1/01/2033
|
|
|
142,155
|
143,984
|
|
Enterprise Fleet Financing 2024-3 LLC, “A2”, 5.31%, 4/20/2027 (n)
|
|
|
36,983
|
37,178
|
|
Enterprise Fleet Financing 2025-1 LLC, “A2”, 4.65%, 10/20/2027 (n)
|
|
|
50,000
|
50,176
|
|
EQT Trust, 2024-EXTR, “B”, 5.655%, 7/05/2041 (n)
|
|
|
100,000
|
101,994
|
|
EQT Trust, 2024-EXTR, “C”, 6.046%, 7/05/2041 (n)
|
|
|
100,000
|
102,150
|
|
Fortress CBO Investments Ltd., 2022-FL3, “AS”, FLR, 6.598% (SOFR - 30 day + 2.25%), 2/23/2039 (n)
|
|
|
78,311
|
78,216
|
|
LoanCore 2021-CRE5 Ltd., “B”, FLR, 6.478% ((SOFR - 1mo. + 0.11448%) + 2.0%), 7/15/2036 (n)
|
|
|
100,000
|
99,746
|
|
M&T Bank Auto Receivables Trust, 2025-1, “A-2A”, 4.63%, 5/15/2028 (n)
|
|
|
175,723
|
176,134
|
|
MF1 2021-FL5 Ltd., “C”, FLR, 6.177% ((SOFR - 1mo. + 0.11448%) + 1.7%), 7/15/2036 (n)
|
|
|
213,000
|
213,004
|
|
MF1 2021-FL5 Ltd., “D”, FLR, 6.977% ((SOFR - 1mo. + 0.11448%) + 2.5%), 7/15/2036 (n)
|
|
|
755,000
|
755,022
|
|
MF1 2022-FL8 Ltd., “C”, FLR, 6.553% (SOFR - 30 day + 2.2%), 2/19/2037 (n)
|
|
|
110,841
|
110,241
|
|
MF1 2024-FL14 LLC, “B”, FLR, 7.042% (SOFR - 1mo. + 2.689%), 3/19/2039 (n)
|
|
|
349,917
|
350,773
|
|
Morgan Stanley Capital I Trust, 2021-L5, “XA”, 1.398%, 5/15/2054 (i)
|
|
|
1,010,314
|
46,633
|
|
Morgan Stanley Capital I Trust, 2021-L6, “XA”, 1.288%, 6/15/2054 (i)
|
|
|
2,889,265
|
116,202
|
|
OBX Trust, 2024-NQM1, “A1”, 5.928%, 11/25/2063 (n)
|
|
|
85,170
|
85,774
|
|
OBX Trust, 2024-NQM1, “A2”, 6.253%, 11/25/2063 (n)
|
|
|
67,313
|
67,755
|
|
OBX Trust, 2024-NQM2, “A1”, 5.878%, 12/25/2063 (n)
|
|
|
202,830
|
204,029
|
|
Shelter Growth CRE 2021-FL3 Ltd., “C”, FLR, 6.628% ((SOFR - 1mo. + 0.11448%) + 2.15%), 9/15/2036 (n)
|
|
|
157,500
|
157,421
|
|
Starwood Commercial Mortgage, 2021-FL2, “B”, FLR, 6.274% ((SOFR - 1mo. + 0.11448%) + 1.8%), 4/18/2038 (n)
|
|
|
190,000
|
188,424
|
|
Starwood Commercial Mortgage, 2021-FL2, “C”, FLR, 6.574% ((SOFR - 1mo. + 0.11448)% + 2.1%), 4/18/2038 (n)
|
|
|
100,000
|
99,206
|
|
TCW Gem Ltd., 2020-1A, “BR3”, FLR, 5.925% (SOFR - 3mo. + 1.6%), 4/20/2034 (n)
|
|
|
235,000
|
233,723
|
|
TPG Real Estate Finance, 2021-FL4, “AS”, FLR, 5.877% ((SOFR - 1mo. + 0.11448%) + 1.4%), 3/15/2038 (n)
|
|
|
150,000
|
149,625
|
|
TPG Real Estate Finance, 2021-FL4, “B”, FLR, 6.327% ((SOFR - 1mo. + 0.11448%) + 1.85%), 3/15/2038 (n)
|
|
|
310,000
|
309,116
|
|
Verus Securitization Trust, 2014-1, “A1”, 5.712%, 1/25/2069 (n)
|
|
|
102,751
|
103,373
|
|
Volvo Financial Equipment LLC, 2024-1A, “A2”, 4.56%, 5/17/2027 (n)
|
|
|
62,003
|
62,074
|
|
Wells Fargo Commercial Mortgage Trust, 2021-C60, “XA”, 1.617%, 8/15/2054 (i)
|
|
|
1,921,437
|
122,501
|
|
|
|
|
|
$9,222,667
|
|
Automotive – 1.9%
|
||||
|
Allison Transmission, Inc., 3.75%, 1/30/2031 (n)
|
|
$
|
1,083,000
|
$999,538
|
|
Clarios Global LP/Clarios US Finance Co., 6.75%, 2/15/2030 (n)
|
|
|
381,000
|
394,800
|
|
Clarios Global LP/Clarios US Finance Co., 4.75%, 6/15/2031 (n)
|
|
EUR
|
332,000
|
393,576
|
|
Dealer Tire LLC/DT Issuer LLC, 8%, 2/01/2028 (n)
|
|
$
|
569,000
|
551,699
|
|
Dornoch Debt Merger Sub, Inc., 6.625%, 10/15/2029 (n)
|
|
|
771,000
|
669,133
|
|
Ford Motor Co., 6.1%, 8/19/2032
|
|
|
29,000
|
29,300
|
|
Hyundai Capital America, 5.25%, 1/08/2027 (n)
|
|
|
19,000
|
19,209
|
|
Hyundai Capital America, 6.375%, 4/08/2030 (n)
|
|
|
53,000
|
56,706
|
|
J.B. Poindexter & Co., Inc., 8.75%, 12/15/2031 (n)
|
|
|
459,000
|
474,051
|
|
New Flyer Holdings, Inc., 9.25%, 7/01/2030 (n)
|
|
|
528,000
|
566,383
|
|
Real Hero Merger Sub 2, Inc., 6.25%, 2/01/2029 (n)
|
|
|
525,000
|
383,725
|
|
Stellantis N.V., 4.625%, 6/06/2035
|
|
EUR
|
100,000
|
114,471
|
|
Volkswagen Bank GmbH, 3.5%, 6/19/2031
|
|
|
100,000
|
116,912
|
|
Volkswagen International Finance N.V., 5.994%, 5/15/2174
|
|
|
100,000
|
120,942
|
|
Wabash National Corp., 4.5%, 10/15/2028 (n)
|
|
$
|
651,000
|
597,474
|
|
|
|
|
|
$5,487,919
|
|
Broadcasting – 1.9%
|
||||
|
Arqiva Broadcast Finance PLC, 8.625%, 7/01/2030
|
|
GBP
|
100,000
|
$138,443
|
|
Banijay Group S.A.S., 8.125%, 5/01/2029 (n)
|
|
$
|
800,000
|
832,241
|
|
Dotdash Meredith, Inc., 7.625%, 6/15/2032 (n)
|
|
|
476,000
|
466,338
|
|
Gray Media, Inc., 9.625%, 7/15/2032 (n)
|
|
|
463,000
|
465,367
|
|
Gray Media, Inc., 7.25%, 8/15/2033 (n)
|
|
|
290,000
|
285,698
|
|
Midas OpCo Holdings LLC, 5.625%, 8/15/2029 (n)
|
|
|
707,000
|
681,911
|
|
Prosus N.V., 3.061%, 7/13/2031 (n)
|
|
|
329,000
|
295,619
|
|
Scripps Escrow II, Inc., 3.875%, 1/15/2029 (n)
|
|
|
299,000
|
264,837
|
|
Sinclair Television Group, Inc., 8.125%, 2/15/2033 (n)
|
|
|
630,000
|
645,435
|
|
Univision Communications, Inc., 8%, 8/15/2028 (n)
|
|
|
347,000
|
360,161
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Broadcasting – continued
|
||||
|
Univision Communications, Inc., 8.5%, 7/31/2031 (n)
|
|
$
|
812,000
|
$836,734
|
|
WMG Acquisition Corp., 3.875%, 7/15/2030 (n)
|
|
|
85,000
|
80,768
|
|
|
|
|
|
$5,353,552
|
|
Brokerage & Asset Managers – 1.6%
|
||||
|
AG TTMT Escrow Issuer LLC, 8.625%, 9/30/2027 (n)
|
|
$
|
743,000
|
$761,136
|
|
Aretec Escrow Issuer 2, Inc., 10%, 8/15/2030 (n)
|
|
|
575,000
|
627,624
|
|
Aretec Escrow Issuer, Inc., 7.5%, 4/01/2029 (n)
|
|
|
296,000
|
297,024
|
|
Charles Schwab Corp., 6.136% to 8/24/2033, FLR (SOFR - 1 day + 2.01%) to 8/24/2034
|
|
|
61,000
|
66,284
|
|
Hightower Holding LLC, 6.75%, 4/15/2029 (n)
|
|
|
447,000
|
445,473
|
|
Hightower Holding LLC, 9.125%, 1/31/2030 (n)
|
|
|
271,000
|
291,010
|
|
Jane Street Group/JSG Finance, Inc., 6.125%, 11/01/2032 (n)
|
|
|
1,401,000
|
1,407,475
|
|
LPL Holdings, Inc., 4%, 3/15/2029 (n)
|
|
|
102,000
|
99,693
|
|
Osaic Holdings, Inc., 6.75%, 8/01/2032 (n)
|
|
|
109,000
|
111,061
|
|
Osaic Holdings, Inc., 8%, 8/01/2033 (n)
|
|
|
333,000
|
337,400
|
|
|
|
|
|
$4,444,180
|
|
Building – 3.5%
|
||||
|
AmeriTex Holdco Intermediate LLC, 7.625%, 8/15/2033 (n)
|
|
$
|
768,000
|
$792,432
|
|
Builders FirstSource, Inc., 6.75%, 5/15/2035 (n)
|
|
|
583,000
|
607,984
|
|
Cornerstone Building Brands, Inc., 6.125%, 1/15/2029 (n)
|
|
|
519,000
|
399,630
|
|
Cornerstone Building Brands, Inc., 9.5%, 8/15/2029 (n)
|
|
|
275,000
|
264,679
|
|
CRH Finance (U.K.) PLC, 4.125%, 12/02/2029
|
|
GBP
|
100,000
|
131,965
|
|
Ferguson Enterprises, Inc., 5%, 10/03/2034
|
|
$
|
85,000
|
84,150
|
|
Foundation Building Materials LLC, 6%, 3/01/2029 (n)
|
|
|
867,000
|
876,593
|
|
GYP Holding III Corp., 4.625%, 5/01/2029 (n)
|
|
|
639,000
|
646,371
|
|
JH North America Holdings, Inc., 5.875%, 1/31/2031 (n)
|
|
|
44,000
|
44,480
|
|
JH North America Holdings, Inc., 6.125%, 7/31/2032 (n)
|
|
|
44,000
|
44,659
|
|
Knife River Corp., 7.75%, 5/01/2031 (n)
|
|
|
736,000
|
771,923
|
|
LBM Acquisition LLC, 6.25%, 1/15/2029 (n)
|
|
|
584,000
|
535,752
|
|
LBM Acquisition LLC, 9.5%, 6/15/2031 (n)
|
|
|
523,000
|
548,114
|
|
Miter Brands Acquisition Holdco, Inc., 6.75%, 4/01/2032 (n)
|
|
|
194,000
|
199,987
|
|
MIWD Holdco II LLC/MIWD Finance Co., 5.5%, 2/01/2030 (n)
|
|
|
710,000
|
697,957
|
|
New Enterprise Stone & Lime Co., Inc., 9.75%, 7/15/2028 (n)
|
|
|
229,000
|
229,648
|
|
Patrick Industries, Inc., 6.375%, 11/01/2032 (n)
|
|
|
888,000
|
900,790
|
|
Quikrete Holdings, Inc., 6.375%, 3/01/2032 (n)
|
|
|
710,000
|
732,259
|
|
Standard Industries, Inc., 4.75%, 1/15/2028 (n)
|
|
|
186,000
|
184,267
|
|
Standard Industries, Inc., 4.375%, 7/15/2030 (n)
|
|
|
360,000
|
344,981
|
|
Vulcan Materials Co., 3.5%, 6/01/2030
|
|
|
38,000
|
36,648
|
|
Vulcan Materials Co., 5.7%, 12/01/2054
|
|
|
32,000
|
31,599
|
|
White Cap Buyer LLC, 6.875%, 10/15/2028 (n)
|
|
|
794,000
|
793,120
|
|
|
|
|
|
$9,899,988
|
|
Business Services – 2.0%
|
||||
|
Accenture Capital, Inc., 4.25%, 10/04/2031
|
|
$
|
39,000
|
$38,875
|
|
Accenture Capital, Inc., 4.5%, 10/04/2034
|
|
|
26,000
|
25,394
|
|
ams OSRAM AG, 10.5%, 3/30/2029
|
|
EUR
|
421,000
|
522,195
|
|
athenahealth, Inc., 6.5%, 2/15/2030 (n)
|
|
$
|
656,000
|
643,495
|
|
CACI International, Inc., 6.375%, 6/15/2033 (n)
|
|
|
710,000
|
732,324
|
|
Fiserv, Inc., 4.4%, 7/01/2049
|
|
|
84,000
|
67,170
|
|
GoDaddy, Inc., 3.5%, 3/01/2029 (n)
|
|
|
857,000
|
811,918
|
|
Iron Mountain, Inc., 5.25%, 3/15/2028 (n)
|
|
|
677,000
|
675,396
|
|
Iron Mountain, Inc., 5.625%, 7/15/2032 (n)
|
|
|
694,000
|
687,882
|
|
Iron Mountain, Inc., 6.25%, 1/15/2033 (n)
|
|
|
406,000
|
415,456
|
|
Mastercard, Inc., 4.55%, 1/15/2035
|
|
|
58,000
|
57,271
|
|
Mastercard, Inc., 3.85%, 3/26/2050
|
|
|
22,000
|
17,039
|
|
Nexi S.p.A., 3.875%, 5/21/2031
|
|
EUR
|
100,000
|
118,452
|
|
Paychex, Inc., 5.1%, 4/15/2030
|
|
$
|
24,000
|
24,702
|
|
Paychex, Inc., 5.35%, 4/15/2032
|
|
|
58,000
|
59,998
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Business Services – continued
|
||||
|
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 6.75%, 8/15/2032 (n)
|
|
$
|
685,000
|
$710,253
|
|
Visa, Inc., 3.65%, 9/15/2047
|
|
|
46,000
|
35,527
|
|
|
|
|
|
$5,643,347
|
|
Cable TV – 3.3%
|
||||
|
Cable One, Inc., 4%, 11/15/2030 (n)
|
|
$
|
518,000
|
$428,547
|
|
CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, 3/01/2030 (n)
|
|
|
2,114,000
|
2,031,698
|
|
CCO Holdings LLC/CCO Holdings Capital Corp., 4.5%, 8/15/2030 (n)
|
|
|
1,230,000
|
1,164,270
|
|
CCO Holdings LLC/CCO Holdings Capital Corp., 4.5%, 5/01/2032
|
|
|
382,000
|
349,322
|
|
CCO Holdings LLC/CCO Holdings Capital Corp., 4.25%, 1/15/2034 (n)
|
|
|
329,000
|
285,663
|
|
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,
6.1%, 6/01/2029
|
|
|
46,000
|
48,352
|
|
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,
5.85%, 12/01/2035 (w)
|
|
|
43,000
|
43,076
|
|
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,
6.484%, 10/23/2045
|
|
|
50,000
|
48,633
|
|
CSC Holdings LLC, 5.375%, 2/01/2028 (n)
|
|
|
800,000
|
734,181
|
|
CSC Holdings LLC, 5.75%, 1/15/2030 (n)
|
|
|
425,000
|
199,699
|
|
CSC Holdings LLC, 4.125%, 12/01/2030 (n)
|
|
|
250,000
|
163,809
|
|
DIRECTV Financing LLC, 8.875%, 2/01/2030 (n)
|
|
|
256,000
|
254,130
|
|
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc., 10%, 2/15/2031 (n)
|
|
|
176,000
|
174,965
|
|
DISH DBS Corp., 7.75%, 7/01/2026
|
|
|
430,000
|
418,175
|
|
DISH DBS Corp., 5.125%, 6/01/2029
|
|
|
401,000
|
331,026
|
|
DISH Network Corp., 11.75%, 11/15/2027 (n)
|
|
|
376,000
|
397,533
|
|
EchoStar Corp., 10.75%, 11/30/2029
|
|
|
613,224
|
659,982
|
|
Summer BidCo B.V., 10% (10% Cash or 10.75% PIK), 2/15/2029 (n)(p)
|
|
EUR
|
137,228
|
162,257
|
|
Videotron Ltd., 3.625%, 6/15/2029 (n)
|
|
$
|
71,000
|
68,538
|
|
Virgin Media Finance PLC, 5%, 7/15/2030 (n)
|
|
|
562,000
|
514,029
|
|
Ziggo Bond Finance B.V., 5.125%, 2/28/2030 (n)
|
|
|
990,000
|
873,816
|
|
|
|
|
|
$9,351,701
|
|
Chemicals – 2.0%
|
||||
|
Cerdia Finanz GmbH, 9.375%, 10/03/2031 (n)
|
|
$
|
674,000
|
$713,281
|
|
Chemours Co., 4.625%, 11/15/2029 (n)
|
|
|
1,004,000
|
896,518
|
|
Chemours Co., 8%, 1/15/2033 (n)
|
|
|
241,000
|
235,750
|
|
Consolidated Energy Finance S.A., 6.5%, 5/15/2026 (n)
|
|
|
150,000
|
145,752
|
|
Consolidated Energy Finance S.A., 5.625%, 10/15/2028 (n)
|
|
|
787,000
|
660,132
|
|
Maxam Prill S.à r.l., 6%, 7/15/2030 (n)
|
|
EUR
|
726,000
|
827,194
|
|
Qnity Electronics, Inc., 5.75%, 8/15/2032 (n)
|
|
$
|
287,000
|
291,758
|
|
Qnity Electronics, Inc., 6.25%, 8/15/2033 (n)
|
|
|
229,000
|
236,723
|
|
SCIH Salt Holdings, Inc., 6.625%, 5/01/2029 (n)
|
|
|
825,000
|
828,316
|
|
SNF Group SACA, 3.375%, 3/15/2030 (n)
|
|
|
805,000
|
742,495
|
|
|
|
|
|
$5,577,919
|
|
Computer Software – 1.4%
|
||||
|
Amentum Escrow Corp., 7.25%, 8/01/2032 (n)
|
|
$
|
784,000
|
$817,675
|
|
Cloud Software Group, Inc., 9%, 9/30/2029 (n)
|
|
|
175,000
|
182,425
|
|
Cloud Software Group, Inc., 8.25%, 6/30/2032 (n)
|
|
|
768,000
|
821,090
|
|
Cloud Software Group, Inc., 6.625%, 8/15/2033 (n)
|
|
|
465,000
|
471,428
|
|
Fair Isaac Corp., 6%, 5/15/2033 (n)
|
|
|
839,000
|
850,258
|
|
Microsoft Corp., 2.525%, 6/01/2050
|
|
|
71,000
|
43,404
|
|
Neptune Bidco U.S., Inc., 9.29%, 4/15/2029 (n)
|
|
|
602,000
|
598,683
|
|
Oracle Corp., 4%, 7/15/2046
|
|
|
62,000
|
47,273
|
|
|
|
|
|
$3,832,236
|
|
Computer Software - Systems – 1.0%
|
||||
|
Sabre GLBL, Inc., 8.625%, 6/01/2027 (n)
|
|
$
|
337,000
|
$341,092
|
|
Sabre GLBL, Inc., 10.75%, 11/15/2029 (n)
|
|
|
226,000
|
218,484
|
|
Sabre GLBL, Inc., 11.125%, 7/15/2030 (n)
|
|
|
181,000
|
177,398
|
|
SS&C Technologies Holdings, Inc., 5.5%, 9/30/2027 (n)
|
|
|
725,000
|
725,232
|
|
SS&C Technologies Holdings, Inc., 6.5%, 6/01/2032 (n)
|
|
|
212,000
|
219,991
|
|
Virtusa Corp., 7.125%, 12/15/2028 (n)
|
|
|
394,000
|
383,942
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Computer Software - Systems – continued
|
||||
|
Zebra Technologies Corp., “A”, 6.5%, 6/01/2032 (n)
|
|
$
|
734,000
|
$753,731
|
|
|
|
|
|
$2,819,870
|
|
Conglomerates – 1.1%
|
||||
|
Amsted Industries, Inc., 6.375%, 3/15/2033 (n)
|
|
$
|
460,000
|
$471,171
|
|
Emerald Debt Merger, 6.625%, 12/15/2030 (n)
|
|
|
646,000
|
663,459
|
|
Gates Corp., 6.875%, 7/01/2029 (n)
|
|
|
474,000
|
492,838
|
|
Husky Injection Molding Systems Ltd., 9%, 2/15/2029 (n)
|
|
|
482,000
|
505,781
|
|
nVent Finance S.à r.l., 5.65%, 5/15/2033
|
|
|
23,000
|
23,662
|
|
Regal Rexnord Corp., 6.05%, 4/15/2028
|
|
|
75,000
|
77,647
|
|
Siemens Financieringsmaatschappij N.V., 4%, 5/27/2045
|
|
EUR
|
100,000
|
116,040
|
|
SPX Flow, Inc., 8.75%, 4/01/2030 (n)
|
|
$
|
657,000
|
680,755
|
|
Westinghouse Air Brake Technologies Corp., 5.611%, 3/11/2034
|
|
|
39,000
|
40,476
|
|
|
|
|
|
$3,071,829
|
|
Construction – 0.9%
|
||||
|
Empire Communities Corp., 9.75%, 5/01/2029 (n)
|
|
$
|
789,000
|
$804,780
|
|
Mattamy Group Corp., 5.25%, 12/15/2027 (n)
|
|
|
214,000
|
213,276
|
|
Mattamy Group Corp., 4.625%, 3/01/2030 (n)
|
|
|
421,000
|
403,283
|
|
New Home Co., 8.5%, 11/01/2030 (n)
|
|
|
484,000
|
501,989
|
|
Weekley Homes LLC/Weekley Finance Corp., 4.875%, 9/15/2028 (n)
|
|
|
506,000
|
492,644
|
|
|
|
|
|
$2,415,972
|
|
Consumer Products – 2.7%
|
||||
|
Acushnet Co., 7.375%, 10/15/2028 (n)
|
|
$
|
731,000
|
$764,060
|
|
Amer Sports Co., 6.75%, 2/16/2031 (n)
|
|
|
790,000
|
823,475
|
|
CD&R Smokey Buyer, Inc./Radio Systems Corp., 9.5%, 10/15/2029 (n)
|
|
|
525,000
|
399,956
|
|
Champ Acquisition Corp., 8.375%, 12/01/2031 (n)
|
|
|
545,000
|
579,348
|
|
Energizer Holdings, Inc., 4.375%, 3/31/2029 (n)
|
|
|
473,000
|
452,825
|
|
Kenvue, Inc., 5.05%, 3/22/2053
|
|
|
53,000
|
48,417
|
|
L'Oréal S.A., 5%, 5/20/2035 (n)
|
|
|
200,000
|
203,829
|
|
MajorDrive Holdings IV LLC, 6.375%, 6/01/2029 (n)
|
|
|
260,000
|
209,090
|
|
Newell Brands, Inc., 8.5%, 6/01/2028 (n)
|
|
|
300,000
|
316,718
|
|
Newell Brands, Inc., 6.375%, 5/15/2030
|
|
|
785,000
|
774,190
|
|
Newell Brands, Inc., 6.625%, 5/15/2032
|
|
|
370,000
|
361,172
|
|
Opal Bidco S.A.S., 5.5%, 3/31/2032 (n)
|
|
EUR
|
382,000
|
462,188
|
|
Opal Bidco S.A.S., 6.5%, 3/31/2032 (n)
|
|
$
|
298,000
|
303,234
|
|
Perrigo Finance Unlimited Co., 6.125%, 9/30/2032
|
|
|
808,000
|
813,039
|
|
Prestige Consumer Healthcare, Inc., 5.125%, 1/15/2028 (n)
|
|
|
515,000
|
511,688
|
|
Prestige Consumer Healthcare, Inc., 3.75%, 4/01/2031 (n)
|
|
|
581,000
|
535,427
|
|
|
|
|
|
$7,558,656
|
|
Consumer Services – 2.2%
|
||||
|
Allied Universal Holdco LLC, 6.875%, 6/15/2030 (n)
|
|
$
|
298,000
|
$306,903
|
|
Allied Universal Holdco LLC, 7.875%, 2/15/2031 (n)
|
|
|
664,000
|
697,781
|
|
Amber Finco PLC, 6.625%, 7/15/2029 (n)
|
|
EUR
|
100,000
|
123,082
|
|
Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp., 9.75%, 4/15/2030 (n)
|
|
$
|
291,000
|
309,118
|
|
Arches Buyer, Inc., 6.125%, 12/01/2028 (n)
|
|
|
713,000
|
691,380
|
|
Booking Holdings, Inc., 4.125%, 5/09/2038
|
|
EUR
|
100,000
|
117,599
|
|
Eurofins Scientific SE, 3.875%, 2/05/2033
|
|
|
100,000
|
116,978
|
|
Garda World Security Corp., 8.375%, 11/15/2032 (n)
|
|
$
|
713,000
|
743,646
|
|
Pluxee N.V., 3.75%, 9/04/2032
|
|
EUR
|
100,000
|
117,392
|
|
Raven Acquisition Holdings LLC, 6.875%, 11/15/2031 (n)
|
|
$
|
775,000
|
789,504
|
|
Realogy Group LLC/Realogy Co-Issuer Corp., 5.75%, 1/15/2029 (n)
|
|
|
70,000
|
64,856
|
|
Realogy Group LLC/Realogy Co-Issuer Corp., 5.25%, 4/15/2030 (n)
|
|
|
497,000
|
435,541
|
|
Service Corp. International, 5.75%, 10/15/2032
|
|
|
815,000
|
823,099
|
|
TriNet Group, Inc., 3.5%, 3/01/2029 (n)
|
|
|
533,000
|
499,059
|
|
TriNet Group, Inc., 7.125%, 8/15/2031 (n)
|
|
|
114,000
|
118,546
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Consumer Services – continued
|
||||
|
Verisure Midholding AB, 5.25%, 2/15/2029
|
|
EUR
|
100,000
|
$117,542
|
|
|
|
|
|
$6,072,026
|
|
Containers – 0.9%
|
||||
|
Ball Corp., 6%, 6/15/2029
|
|
$
|
442,000
|
$453,411
|
|
Ball Corp., 2.875%, 8/15/2030
|
|
|
944,000
|
853,938
|
|
Clydesdale Acquisition Holdings, Inc., 8.75%, 4/15/2030 (n)
|
|
|
557,000
|
574,002
|
|
Owens-Brockway Glass Container, Inc., 7.25%, 5/15/2031 (n)
|
|
|
669,000
|
680,704
|
|
|
|
|
|
$2,562,055
|
|
Electrical Equipment – 0.3%
|
||||
|
Arrow Electronics, Inc., 2.95%, 2/15/2032
|
|
$
|
48,000
|
$42,381
|
|
Arrow Electronics, Inc., 5.875%, 4/10/2034
|
|
|
19,000
|
19,704
|
|
CommScope LLC, 4.75%, 9/01/2029 (n)
|
|
|
176,000
|
173,888
|
|
CommScope LLC, 9.5%, 12/15/2031 (n)
|
|
|
301,000
|
311,292
|
|
CommScope Technologies LLC, 5%, 3/15/2027 (n)
|
|
|
299,000
|
295,967
|
|
|
|
|
|
$843,232
|
|
Electronics – 0.3%
|
||||
|
Broadcom, Inc., 4.55%, 2/15/2032
|
|
$
|
77,000
|
$76,640
|
|
Broadcom, Inc., 5.2%, 7/15/2035
|
|
|
40,000
|
40,364
|
|
Diebold Nixdorf, Inc., 7.75%, 3/31/2030 (n)
|
|
|
536,000
|
567,079
|
|
Intel Corp., 5.7%, 2/10/2053
|
|
|
45,000
|
41,382
|
|
NXP B.V./NXP Funding LLC/NXP USA, Inc., 3.4%, 5/01/2030
|
|
|
36,000
|
34,458
|
|
NXP B.V./NXP Funding LLC/NXP USA, Inc., 5%, 1/15/2033
|
|
|
17,000
|
17,021
|
|
|
|
|
|
$776,944
|
|
Emerging Market Quasi-Sovereign – 3.7%
|
||||
|
Abu Dhabi Developmental Holding Co. PJSC, 5.5%, 5/08/2034 (n)
|
|
$
|
855,000
|
$902,407
|
|
Bank Gospodarstwa Krajowego (Republic of Poland), 5.75%, 7/09/2034 (n)
|
|
|
909,000
|
948,153
|
|
CEZ A.S. (Czech Republic), 4.125%, 4/30/2033
|
|
EUR
|
100,000
|
119,310
|
|
Chile Electricity Lux MPC II S.à r.l., 5.58%, 10/20/2035 (n)
|
|
$
|
195,501
|
197,476
|
|
Corporacion Financiera de Desarrollo S.A. (Republic of Peru), 5.5%, 5/06/2030 (n)
|
|
|
400,000
|
407,740
|
|
Development Bank of Kazakhstan JSC, 5.25%, 10/23/2029 (n)
|
|
|
200,000
|
204,007
|
|
Empresa Nacional del Petroleo (Republic of Chile), 5.25%, 11/06/2029
|
|
|
400,000
|
406,013
|
|
Empresa Nacional del Petroleo (Republic of Chile), 5.95%, 7/30/2034 (n)
|
|
|
635,000
|
656,759
|
|
Eskom Holdings SOC Ltd. (Republic of South Africa), 6.35%, 8/10/2028
|
|
|
624,000
|
636,557
|
|
Indian Railway Finance Corp., 2.8%, 2/10/2031
|
|
|
800,000
|
734,554
|
|
Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.7%, 10/17/2028
|
|
|
547,000
|
566,301
|
|
OCP S.A. (Kingdom of Morocco), 6.75%, 5/02/2034 (n)
|
|
|
493,000
|
520,790
|
|
OCP S.A. (Kingdom of Morocco), 5.125%, 6/23/2051 (n)
|
|
|
650,000
|
513,500
|
|
Petroleos Mexicanos, 6.49%, 1/23/2027
|
|
|
904,000
|
907,245
|
|
Petroleos Mexicanos, 5.95%, 1/28/2031
|
|
|
100,000
|
93,495
|
|
Petroleos Mexicanos, 6.75%, 9/21/2047
|
|
|
866,000
|
678,728
|
|
PETRONAS Capital Ltd. (Federation of Malaysia), 5.34%, 4/03/2035 (n)
|
|
|
669,000
|
690,878
|
|
State Oil Company of the Azerbaijan Republic, 6.95%, 3/18/2030
|
|
|
500,000
|
533,328
|
|
Uzbek Industrial and Construction Bank ATB (Republic of Uzbekistan), 8.95%, 7/24/2029 (n)
|
|
|
597,000
|
638,511
|
|
|
|
|
|
$10,355,752
|
|
Emerging Market Sovereign – 9.6%
|
||||
|
Czech Republic, 5%, 9/30/2030
|
|
CZK
|
10,500,000
|
$528,580
|
|
Dominican Republic, 5.5%, 2/22/2029 (n)
|
|
$
|
761,000
|
766,479
|
|
Dominican Republic, 7.05%, 2/03/2031 (n)
|
|
|
150,000
|
159,960
|
|
Eagle Funding LuxCo. S.à r.l. (United Mexican States), 5.5%, 8/17/2030 (n)
|
|
|
500,000
|
507,050
|
|
Federal Republic of Nigeria, 7.875%, 2/16/2032
|
|
|
326,000
|
321,768
|
|
Federative Republic of Brazil, 10%, 1/01/2035
|
|
BRL
|
4,490,000
|
669,792
|
|
Hellenic Republic (Republic of Greece), 3.375%, 6/15/2034
|
|
EUR
|
847,000
|
998,233
|
|
Hellenic Republic (Republic of Greece), 3.625%, 6/15/2035 (n)
|
|
|
955,000
|
1,137,165
|
|
Hellenic Republic (Republic of Greece), 4.125%, 6/15/2054
|
|
|
293,000
|
329,950
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Emerging Market Sovereign – continued
|
||||
|
Kingdom of Morocco, 1.375%, 3/30/2026
|
|
EUR
|
428,000
|
$496,746
|
|
Kingdom of Morocco, 3%, 12/15/2032 (n)
|
|
$
|
459,000
|
395,934
|
|
Oriental Republic of Uruguay, 8.25%, 5/21/2031
|
|
UYU
|
15,606,000
|
396,132
|
|
Oriental Republic of Uruguay, 9.75%, 7/20/2033
|
|
|
7,214,000
|
199,124
|
|
People's Republic of China, 3.13%, 11/21/2029
|
|
CNY
|
2,680,000
|
401,651
|
|
People's Republic of China, 1.43%, 1/25/2030
|
|
|
6,720,000
|
934,743
|
|
People's Republic of China, 2.88%, 2/25/2033
|
|
|
9,110,000
|
1,380,525
|
|
People's Republic of China, 2.27%, 5/25/2034
|
|
|
2,470,000
|
358,772
|
|
Republic of Albania, 4.75%, 2/14/2035 (n)
|
|
EUR
|
273,000
|
321,312
|
|
Republic of Angola, 9.375%, 5/08/2048
|
|
$
|
870,000
|
721,234
|
|
Republic of Argentina, 4.125%, 7/09/2035
|
|
|
768,494
|
488,186
|
|
Republic of Bulgaria, 5%, 3/05/2037
|
|
|
720,000
|
708,932
|
|
Republic of Costa Rica, 7.3%, 11/13/2054
|
|
|
600,000
|
632,700
|
|
Republic of Cote d'Ivoire, 5.25%, 3/22/2030
|
|
EUR
|
929,000
|
1,062,804
|
|
Republic of Guatemala, 6.05%, 8/06/2031 (n)
|
|
$
|
630,000
|
651,420
|
|
Republic of Guatemala, 6.125%, 6/01/2050 (n)
|
|
|
382,000
|
353,923
|
|
Republic of Hungary, 5.5%, 6/16/2034 (n)
|
|
|
650,000
|
653,038
|
|
Republic of Hungary, 6%, 9/26/2035 (n)
|
|
|
537,000
|
550,719
|
|
Republic of Indonesia, 6.5%, 7/15/2030
|
|
IDR
|
3,440,000,000
|
216,023
|
|
Republic of Indonesia, 5.875%, 3/15/2031
|
|
|
5,200,000,000
|
318,186
|
|
Republic of Indonesia, 6.5%, 4/15/2036
|
|
|
4,031,000,000
|
246,801
|
|
Republic of Korea, 1.875%, 6/10/2029
|
|
KRW
|
1,057,250,000
|
742,259
|
|
Republic of Korea, 1.375%, 6/10/2030
|
|
|
664,670,000
|
451,322
|
|
Republic of Korea, 1.5%, 12/10/2030
|
|
|
1,060,000,000
|
719,009
|
|
Republic of Paraguay, 6%, 2/09/2036 (n)
|
|
$
|
200,000
|
207,580
|
|
Republic of Paraguay, 5.4%, 3/30/2050 (n)
|
|
|
1,150,000
|
1,010,873
|
|
Republic of Peru, 5.375%, 2/08/2035
|
|
|
433,000
|
437,928
|
|
Republic of Peru, 6.85%, 8/12/2035
|
|
PEN
|
1,871,000
|
550,340
|
|
Republic of Romania, 6.375%, 1/30/2034
|
|
$
|
692,000
|
694,343
|
|
Republic of Serbia, 1.65%, 3/03/2033
|
|
EUR
|
428,000
|
413,316
|
|
Republic of Serbia, 6%, 6/12/2034 (n)
|
|
$
|
329,000
|
337,149
|
|
Republic of Serbia, 2.05%, 9/23/2036 (n)
|
|
EUR
|
452,000
|
408,199
|
|
Republic of South Africa, 7.1%, 11/19/2036 (n)
|
|
$
|
483,000
|
486,192
|
|
Republic of South Africa, 7.3%, 4/20/2052
|
|
|
611,000
|
558,338
|
|
Republic of Turkey, 7.625%, 5/15/2034
|
|
|
535,000
|
562,268
|
|
Republic of Turkey, 6.5%, 1/03/2035
|
|
|
314,000
|
305,234
|
|
Sultanate of Oman, 7%, 1/25/2051
|
|
|
800,000
|
880,489
|
|
United Mexican States, 4.75%, 4/27/2032
|
|
|
727,000
|
701,192
|
|
United Mexican States, 7.5%, 5/26/2033
|
|
MXN
|
5,600,000
|
279,299
|
|
United Mexican States, 3.771%, 5/24/2061
|
|
$
|
440,000
|
262,451
|
|
|
|
|
|
$26,915,663
|
|
Energy - Independent – 3.4%
|
||||
|
Chord Energy Corp., 6.75%, 3/15/2033 (n)
|
|
$
|
613,000
|
$628,703
|
|
Civitas Resources, Inc., 8.375%, 7/01/2028 (n)
|
|
|
394,000
|
409,176
|
|
Civitas Resources, Inc., 8.625%, 11/01/2030 (n)
|
|
|
201,000
|
209,250
|
|
Civitas Resources, Inc., 8.75%, 7/01/2031 (n)
|
|
|
361,000
|
371,369
|
|
CNX Resources Corp., 7.25%, 3/01/2032 (n)
|
|
|
597,000
|
619,475
|
|
Comstock Resources, Inc., 6.75%, 3/01/2029 (n)
|
|
|
1,092,000
|
1,076,543
|
|
Gulfport Energy Corp., 6.75%, 9/01/2029 (n)
|
|
|
735,000
|
751,955
|
|
Kraken Oil & Gas Partners LLC, 7.625%, 8/15/2029 (n)
|
|
|
410,000
|
408,010
|
|
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.875%, 12/01/2032 (n)
|
|
|
771,000
|
792,111
|
|
Matador Resources Co., 6.875%, 4/15/2028 (n)
|
|
|
664,000
|
679,386
|
|
Matador Resources Co., 6.5%, 4/15/2032 (n)
|
|
|
239,000
|
242,485
|
|
Occidental Petroleum Corp., 6.45%, 9/15/2036
|
|
|
39,000
|
40,343
|
|
Permian Resources Operating LLC, 5.875%, 7/01/2029 (n)
|
|
|
525,000
|
525,113
|
|
Permian Resources Operating LLC, 7%, 1/15/2032 (n)
|
|
|
501,000
|
519,442
|
|
Permian Resources Operating LLC, 6.25%, 2/01/2033 (n)
|
|
|
313,000
|
318,823
|
|
Pioneer Natural Resources Co., 2.15%, 1/15/2031
|
|
|
44,000
|
39,479
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Energy - Independent – continued
|
||||
|
Tengizchevroil Finance Co. International Ltd., 4%, 8/15/2026
|
|
$
|
987,000
|
$980,028
|
|
Vital Energy, Inc., 7.875%, 4/15/2032 (n)
|
|
|
566,000
|
557,674
|
|
Wildfire Intermediate Holdings LLC, 7.5%, 10/15/2029 (n)
|
|
|
472,000
|
478,634
|
|
|
|
|
|
$9,647,999
|
|
Energy - Integrated – 0.3%
|
||||
|
Exxon Mobil Corp., 1.408%, 6/26/2039
|
|
EUR
|
100,000
|
$84,217
|
|
Orlen S.A., 6%, 1/30/2035
|
|
$
|
549,000
|
568,056
|
|
TotalEnergies Capital International S.A., 3.647%, 7/01/2035
|
|
EUR
|
100,000
|
116,458
|
|
|
|
|
|
$768,731
|
|
Entertainment – 1.8%
|
||||
|
Life Time, Inc., 6%, 11/15/2031 (n)
|
|
$
|
744,000
|
$751,914
|
|
Lindblad Expeditions Holdings, Inc., 7%, 9/15/2030 (n)
|
|
|
516,000
|
528,436
|
|
NCL Corp. Ltd., 5.875%, 3/15/2026 (n)
|
|
|
56,000
|
56,133
|
|
NCL Corp. Ltd., 6.25%, 3/01/2030 (n)
|
|
|
741,000
|
751,968
|
|
NCL Corp. Ltd., 6.75%, 2/01/2032 (n)
|
|
|
397,000
|
409,431
|
|
Pinnacle Bidco PLC, 10%, 10/11/2028
|
|
GBP
|
114,000
|
162,739
|
|
Royal Caribbean Cruises Ltd., 5.625%, 9/30/2031 (n)
|
|
$
|
37,000
|
37,591
|
|
Royal Caribbean Cruises Ltd., 6%, 2/01/2033 (n)
|
|
|
38,000
|
38,987
|
|
Six Flags Entertainment Corp., 6.625%, 5/01/2032 (n)
|
|
|
1,141,000
|
1,159,542
|
|
Viking Cruises Ltd. Co., 5.875%, 9/15/2027 (n)
|
|
|
221,000
|
220,706
|
|
Viking Ocean Cruises Ship VII Ltd., 5.625%, 2/15/2029 (n)
|
|
|
940,000
|
939,367
|
|
|
|
|
|
$5,056,814
|
|
Financial Institutions – 5.4%
|
||||
|
Avation Capital S.A., 8.25% (8.25% Cash or 9% PIK), 10/31/2026 (n)(p)
|
|
$
|
874,138
|
$867,244
|
|
Azorra Finance Ltd., 7.75%, 4/15/2030 (n)
|
|
|
1,049,000
|
1,101,220
|
|
Azorra Finance Ltd., 7.25%, 1/15/2031 (n)
|
|
|
242,000
|
249,945
|
|
Credit Acceptance Corp., 9.25%, 12/15/2028 (n)
|
|
|
280,000
|
295,592
|
|
Credit Acceptance Corp., 6.625%, 3/15/2030 (n)
|
|
|
641,000
|
649,292
|
|
Freedom Mortgage Holdings LLC, 9.25%, 2/01/2029 (n)
|
|
|
552,000
|
576,893
|
|
FTAI Aviation Ltd., 5.5%, 5/01/2028 (n)
|
|
|
693,000
|
692,748
|
|
FTAI Aviation Ltd., 7.875%, 12/01/2030 (n)
|
|
|
442,000
|
469,824
|
|
Global Aircraft Leasing Co. Ltd., 8.75%, 9/01/2027 (n)
|
|
|
573,000
|
589,575
|
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 9.75%, 1/15/2029
|
|
|
571,000
|
567,631
|
|
Icahn Enterprises LP/Ichan Enterprises Finance Corp., 10%, 11/15/2029 (n)
|
|
|
243,000
|
240,542
|
|
Jefferson Capital Holdings LLC, 8.25%, 5/15/2030 (n)
|
|
|
705,000
|
738,215
|
|
LFS TopCo LLC, 8.75%, 7/15/2030 (n)
|
|
|
586,000
|
573,241
|
|
Macquarie AirFinance Holdings Ltd., 5.15%, 3/17/2030 (n)
|
|
|
29,000
|
29,326
|
|
Muthoot Finance Ltd., 7.125%, 2/14/2028 (n)
|
|
|
231,000
|
237,412
|
|
Nationstar Mortgage Holdings, Inc., 6%, 1/15/2027 (n)
|
|
|
561,000
|
559,953
|
|
Nationstar Mortgage Holdings, Inc., 6.5%, 8/01/2029 (n)
|
|
|
502,000
|
513,951
|
|
OneMain Finance Corp., 6.625%, 5/15/2029
|
|
|
600,000
|
616,972
|
|
OneMain Finance Corp., 5.375%, 11/15/2029
|
|
|
504,000
|
498,338
|
|
OneMain Finance Corp., 7.5%, 5/15/2031
|
|
|
228,000
|
239,009
|
|
PennyMac Financial Services, Inc., 6.875%, 2/15/2033 (n)
|
|
|
1,463,000
|
1,494,826
|
|
Phoenix Aviation Capital, 9.25%, 7/15/2030 (n)
|
|
|
410,000
|
434,540
|
|
Rocket Cos., Inc., 6.125%, 8/01/2030 (n)
|
|
|
400,000
|
411,580
|
|
Rocket Cos., Inc., 6.375%, 8/01/2033 (n)
|
|
|
400,000
|
415,090
|
|
Rocket Cos., Inc., 4%, 10/15/2033 (n)
|
|
|
190,000
|
171,301
|
|
Shriram Finance Ltd., 6.15%, 4/03/2028 (n)
|
|
|
738,000
|
747,450
|
|
Shurgard Luxembourg S.à r.l., 4%, 5/27/2035
|
|
EUR
|
100,000
|
116,932
|
|
TrueNoord Capital DAC, 8.75%, 3/01/2030 (n)
|
|
$
|
345,000
|
366,511
|
|
Walker & Dunlop, Inc., 6.625%, 4/01/2033 (n)
|
|
|
691,000
|
718,923
|
|
|
|
|
|
$15,184,076
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Food & Beverages – 2.9%
|
||||
|
Anheuser-Busch InBev S.A., 4.125%, 5/19/2045
|
|
EUR
|
100,000
|
$113,672
|
|
Anheuser-Busch InBev Worldwide, Inc., 4.375%, 4/15/2038
|
|
$
|
40,000
|
37,611
|
|
Anheuser-Busch InBev Worldwide, Inc., 5.55%, 1/23/2049
|
|
|
42,000
|
41,273
|
|
Bacardi-Martini B.V., 5.4%, 6/15/2033 (n)
|
|
|
129,000
|
129,317
|
|
Central American Bottling Corp., 5.25%, 4/27/2029 (n)
|
|
|
755,000
|
737,718
|
|
Fiesta Purchaser, Inc., 7.875%, 3/01/2031 (n)
|
|
|
212,000
|
224,986
|
|
Fiesta Purchaser, Inc., 9.625%, 9/15/2032 (n)
|
|
|
380,000
|
408,276
|
|
Flowers Foods, Inc., 5.75%, 3/15/2035
|
|
|
57,000
|
58,056
|
|
Flowers Foods, Inc., 6.2%, 3/15/2055
|
|
|
19,000
|
18,371
|
|
Gruma S.A.B. de C.V., 5.39%, 12/09/2034 (n)
|
|
|
400,000
|
408,647
|
|
JBS USA Holding S.à r.l./JBS USA Food Co./JBS USA Foods Group Holdings, Inc., 5.5%, 1/15/2036 (n)
|
|
|
81,000
|
81,267
|
|
JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 3.625%, 1/15/2032
|
|
|
581,000
|
535,489
|
|
JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 6.5%, 12/01/2052
|
|
|
50,000
|
51,025
|
|
Kraft Heinz Foods Co., 4.375%, 6/01/2046
|
|
|
94,000
|
74,854
|
|
Mars, Inc., 4.8%, 3/01/2030 (n)
|
|
|
38,000
|
38,726
|
|
Mars, Inc., 5.2%, 3/01/2035 (n)
|
|
|
89,000
|
89,825
|
|
Mars, Inc., 5.7%, 5/01/2055 (n)
|
|
|
61,000
|
59,484
|
|
Nestle Finance International Ltd., 3.5%, 1/14/2045
|
|
EUR
|
40,000
|
44,491
|
|
Performance Food Group Co., 5.5%, 10/15/2027 (n)
|
|
$
|
539,000
|
538,267
|
|
Performance Food Group Co., 6.125%, 9/15/2032 (n)
|
|
|
400,000
|
409,406
|
|
Post Holdings, Inc., 4.625%, 4/15/2030 (n)
|
|
|
1,048,000
|
1,010,674
|
|
Post Holdings, Inc., 6.25%, 10/15/2034 (n)
|
|
|
357,000
|
359,115
|
|
Primo Water Holdings Inc./Triton Water Holdings, 4.375%, 4/30/2029 (n)
|
|
|
1,167,000
|
1,128,258
|
|
U.S. Foods Holding Corp., 4.75%, 2/15/2029 (n)
|
|
|
991,000
|
976,125
|
|
U.S. Foods Holding Corp., 5.75%, 4/15/2033 (n)
|
|
|
151,000
|
151,493
|
|
Viking Baked Goods Acquisition Corp., 8.625%, 11/01/2031 (n)
|
|
|
498,000
|
493,209
|
|
|
|
|
|
$8,219,635
|
|
Forest & Paper Products – 0.5%
|
||||
|
Graphic Packaging International LLC, 1.512%, 4/15/2026 (n)
|
|
$
|
79,000
|
$77,278
|
|
Graphic Packaging International LLC, 6.375%, 7/15/2032 (n)
|
|
|
792,000
|
804,709
|
|
Smurfit Kappa Treasury Co., 7.5%, 11/20/2025
|
|
|
55,000
|
55,248
|
|
Veritiv Operating Co., 10.5%, 11/30/2030 (n)
|
|
|
552,000
|
597,522
|
|
|
|
|
|
$1,534,757
|
|
Gaming & Lodging – 3.2%
|
||||
|
888 Acquisitions Ltd., 10.75%, 5/15/2030
|
|
GBP
|
100,000
|
$139,794
|
|
CCM Merger, Inc., 6.375%, 5/01/2026 (n)
|
|
$
|
617,000
|
617,589
|
|
CDI Escrow Issuer, Inc., 5.75%, 4/01/2030 (n)
|
|
|
1,285,000
|
1,285,203
|
|
Flutter Treasury DAC, 5.875%, 6/04/2031 (n)
|
|
|
200,000
|
203,642
|
|
Flutter Treasury DAC, 6.125%, 6/04/2031
|
|
GBP
|
100,000
|
136,066
|
|
Hilton Domestic Operating Co., Inc., 4.875%, 1/15/2030
|
|
$
|
1,229,000
|
1,225,614
|
|
Hilton Domestic Operating Co., Inc., 3.625%, 2/15/2032 (n)
|
|
|
644,000
|
587,822
|
|
Hilton Domestic Operating Co., Inc., 5.875%, 3/15/2033 (n)
|
|
|
287,000
|
292,893
|
|
Las Vegas Sands Corp., 3.9%, 8/08/2029
|
|
|
89,000
|
85,841
|
|
Marriott International, Inc., 2.85%, 4/15/2031
|
|
|
90,000
|
82,554
|
|
Melco Resorts Finance Limited, 5.375%, 12/04/2029
|
|
|
955,000
|
919,373
|
|
Wyndham Hotels & Resorts, Inc., 4.375%, 8/15/2028 (n)
|
|
|
814,000
|
794,718
|
|
Wynn Macau Ltd., 5.625%, 8/26/2028 (n)
|
|
|
1,388,000
|
1,380,256
|
|
Wynn Macau Ltd., 6.75%, 2/15/2034 (n)
|
|
|
244,000
|
245,133
|
|
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 5.125%, 10/01/2029 (n)
|
|
|
831,000
|
829,412
|
|
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 7.125%, 2/15/2031 (n)
|
|
|
162,000
|
174,380
|
|
|
|
|
|
$9,000,290
|
|
Industrial – 0.9%
|
||||
|
AECOM, 6%, 8/01/2033 (n)
|
|
$
|
872,000
|
$890,011
|
|
APi Escrow Corp., 4.75%, 10/15/2029 (n)
|
|
|
1,087,000
|
1,068,473
|
|
Booz Allen Hamilton, Inc., 5.95%, 4/15/2035
|
|
|
61,000
|
62,777
|
|
Brundage-Bone Concrete Pumping Holdings, Inc., 7.5%, 2/01/2032 (n)
|
|
|
361,000
|
360,189
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Industrial – continued
|
||||
|
Pachelbel Bidco Spa, 7.125%, 5/17/2031 (n)
|
|
EUR
|
100,000
|
$126,421
|
|
Trustees of the University of Pennsylvania, 2.396%, 10/01/2050
|
|
$
|
35,000
|
20,164
|
|
|
|
|
|
$2,528,035
|
|
Insurance – 0.3%
|
||||
|
Aviva PLC, 4.625%, 8/28/2056
|
|
EUR
|
100,000
|
$118,977
|
|
Corebridge Financial, Inc., 4.35%, 4/05/2042
|
|
$
|
68,000
|
57,215
|
|
Corebridge Global Funding, 4.9%, 8/21/2032 (n)
|
|
|
69,000
|
69,199
|
|
Legal and General Group PLC, 4.375%, 9/04/2055
|
|
EUR
|
100,000
|
116,313
|
|
MetLife, Inc., 5.3%, 12/15/2034
|
|
$
|
63,000
|
64,843
|
|
Nippon Life Insurance Co., 4.114% to 1/23/2035, FLR (EUR ICE Swap Rate - 5yr. + 2.6%)
to 1/23/2055
|
|
EUR
|
100,000
|
117,326
|
|
Northwestern Mutual Life Insurance Co., 6.17%, 5/29/2055 (n)
|
|
$
|
104,000
|
108,469
|
|
Sammons Financial Group, Inc., 6.875%, 4/15/2034 (n)
|
|
|
62,000
|
67,207
|
|
|
|
|
|
$719,549
|
|
Insurance - Health – 0.1%
|
||||
|
Elevance Health, Inc., 5.375%, 6/15/2034
|
|
$
|
39,000
|
$39,867
|
|
Humana, Inc., 5.375%, 4/15/2031
|
|
|
31,000
|
31,996
|
|
Humana, Inc., 5.55%, 5/01/2035
|
|
|
83,000
|
83,924
|
|
UnitedHealth Group, Inc., 5.15%, 7/15/2034
|
|
|
77,000
|
78,233
|
|
|
|
|
|
$234,020
|
|
Insurance - Property & Casualty – 3.2%
|
||||
|
Acrisure LLC/Acrisure Finance, Inc., 8.25%, 2/01/2029 (n)
|
|
$
|
480,000
|
$498,584
|
|
Acrisure LLC/Acrisure Finance, Inc., 6%, 8/01/2029 (n)
|
|
|
538,000
|
527,243
|
|
Acrisure LLC/Acrisure Finance, Inc., 7.5%, 11/06/2030 (n)
|
|
|
175,000
|
181,316
|
|
Acrisure LLC/Acrisure Finance, Inc., 6.75%, 7/01/2032 (n)
|
|
|
360,000
|
369,362
|
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 5.875%, 11/01/2029 (n)
|
|
|
447,000
|
441,664
|
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 7%, 1/15/2031 (n)
|
|
|
496,000
|
512,984
|
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.5%, 10/01/2031 (n)
|
|
|
1,082,000
|
1,106,049
|
|
American International Group, Inc., 5.125%, 3/27/2033
|
|
|
55,000
|
56,137
|
|
AmWINS Group Benefits, Inc., 6.375%, 2/15/2029 (n)
|
|
|
304,000
|
311,566
|
|
AmWINS Group Benefits, Inc., 4.875%, 6/30/2029 (n)
|
|
|
412,000
|
401,936
|
|
Amynta Agency Borrower, Inc., 7.5%, 7/15/2033 (n)
|
|
|
407,000
|
415,749
|
|
Arthur J. Gallagher & Co., 5%, 2/15/2032
|
|
|
12,000
|
12,215
|
|
Arthur J. Gallagher & Co., 6.5%, 2/15/2034
|
|
|
26,000
|
28,526
|
|
Arthur J. Gallagher & Co., 5.75%, 3/02/2053
|
|
|
45,000
|
43,484
|
|
Baldwin Insurance Group Holdings LLC, 7.125%, 5/15/2031 (n)
|
|
|
1,100,000
|
1,141,627
|
|
Brown & Brown, Inc., 5.25%, 6/23/2032
|
|
|
13,000
|
13,288
|
|
Brown & Brown, Inc., 6.25%, 6/23/2055
|
|
|
16,000
|
16,358
|
|
Fairfax Financial Holdings Ltd., 4.25%, 12/06/2027
|
|
CAD
|
106,000
|
78,599
|
|
Fairfax Financial Holdings Ltd., 5.75%, 5/20/2035 (n)
|
|
$
|
69,000
|
70,469
|
|
Fairfax Financial Holdings Ltd., 6.35%, 3/22/2054
|
|
|
77,000
|
78,444
|
|
Hub International Ltd., 5.625%, 12/01/2029 (n)
|
|
|
316,000
|
317,069
|
|
Hub International Ltd., 7.25%, 6/15/2030 (n)
|
|
|
843,000
|
881,756
|
|
Hub International Ltd., 7.375%, 1/31/2032 (n)
|
|
|
297,000
|
312,394
|
|
Marsh & McLennan Cos., Inc., 4.85%, 11/15/2031
|
|
|
46,000
|
47,071
|
|
Marsh & McLennan Cos., Inc., 5.4%, 3/15/2055
|
|
|
65,000
|
61,688
|
|
Panther Escrow Issuer, 7.125%, 6/01/2031 (n)
|
|
|
1,031,000
|
1,069,858
|
|
|
|
|
|
$8,995,436
|
|
Interactive Media Services – 0.3%
|
||||
|
Snap, Inc., 6.875%, 3/01/2033 (n)
|
|
$
|
743,000
|
$750,723
|
|
Snap, Inc., 6.875%, 3/15/2034 (n)
|
|
|
175,000
|
175,457
|
|
|
|
|
|
$926,180
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
International Market Quasi-Sovereign – 0.3%
|
||||
|
Belfius Bank S.A. (Kingdom of Belgium), 3.375%, 5/28/2030
|
|
EUR
|
100,000
|
$117,767
|
|
EnBW International Finance B.V. (Federal Republic of Germany), 3.75%, 11/20/2035
|
|
|
40,000
|
46,811
|
|
Landsbankinn hf. (Republic of Iceland), 3.75%, 10/08/2029
|
|
|
100,000
|
119,180
|
|
Logicor Financing S.à r.l. (Grand Duchy of Luxembourg), 3.75%, 7/14/2032
|
|
|
100,000
|
115,882
|
|
NBN Co. Ltd. (Commonwealth of Australia), 5.75%, 10/06/2028 (n)
|
|
$
|
200,000
|
209,564
|
|
NBN Co. Ltd. (Commonwealth of Australia), 3.375%, 11/29/2032
|
|
EUR
|
100,000
|
118,486
|
|
P3 Group S.à r.l. (Grand Duchy of Luxembourg), 4%, 4/19/2032
|
|
|
100,000
|
117,875
|
|
RTE Reseau de Transport d'Electricite (Republic of France), 3.5%, 10/02/2036
|
|
|
100,000
|
114,507
|
|
|
|
|
|
$960,072
|
|
International Market Sovereign – 8.0%
|
||||
|
Commonwealth of Australia, 1%, 11/21/2031
|
|
AUD
|
5,984,000
|
$3,313,011
|
|
Commonwealth of Australia, 1.75%, 11/21/2032
|
|
|
8,790,000
|
4,956,222
|
|
Commonwealth of Australia, 3.5%, 12/21/2034
|
|
|
1,187,000
|
734,122
|
|
Commonwealth of Australia, 2.75%, 5/21/2041
|
|
|
588,000
|
303,486
|
|
Federal Republic of Germany, 2.5%, 8/15/2054
|
|
EUR
|
135,000
|
134,438
|
|
Government of Bermuda, 5%, 7/15/2032 (n)
|
|
$
|
560,000
|
564,138
|
|
Government of Canada, 1.5%, 6/01/2031
|
|
CAD
|
2,089,000
|
1,399,273
|
|
Government of Canada, 3.25%, 12/01/2034
|
|
|
63,000
|
45,507
|
|
Government of France, 2.7%, 2/25/2031 (n)
|
|
EUR
|
620,000
|
720,873
|
|
Government of Japan, 1%, 3/20/2030
|
|
JPY
|
75,000,000
|
507,492
|
|
Government of Japan, 1.4%, 3/20/2035
|
|
|
166,500,000
|
1,114,759
|
|
Government of Japan, 0.3%, 12/20/2039
|
|
|
172,550,000
|
911,014
|
|
Government of Japan, 0.4%, 3/20/2050
|
|
|
151,000,000
|
576,894
|
|
Government of Japan, 0.7%, 12/20/2051
|
|
|
65,000,000
|
255,639
|
|
Government of Japan, 2.4%, 3/20/2055
|
|
|
42,500,000
|
249,375
|
|
Kingdom of Spain, 3.15%, 4/30/2035 (n)
|
|
EUR
|
268,000
|
310,673
|
|
Kingdom of Spain, 3.9%, 7/30/2039 (n)
|
|
|
783,000
|
937,430
|
|
Kingdom of Norway, 3.75%, 6/12/2035 (n)
|
|
NOK
|
5,688,000
|
556,361
|
|
Republic of Iceland, 5%, 11/15/2028
|
|
ISK
|
32,400,000
|
246,332
|
|
Republic of Italy, 4.15%, 10/01/2039 (n)
|
|
EUR
|
935,000
|
1,118,499
|
|
Republic of Italy, 4.3%, 10/01/2054 (n)
|
|
|
380,000
|
427,954
|
|
United Kingdom Treasury, 4%, 10/22/2031
|
|
GBP
|
207,851
|
276,805
|
|
United Kingdom Treasury, 1.25%, 10/22/2041
|
|
|
2,610,000
|
2,011,623
|
|
United Kingdom Treasury, 1.5%, 7/22/2047
|
|
|
494,000
|
330,319
|
|
United Kingdom Treasury, 3.75%, 7/22/2052
|
|
|
571,000
|
577,079
|
|
|
|
|
|
$22,579,318
|
|
Internet – 0.0%
|
||||
|
Alphabet, Inc., 4%, 5/06/2054
|
|
EUR
|
100,000
|
$111,821
|
|
Local Authorities – 0.1%
|
||||
|
Alliander N.V., 3.5%, 5/06/2037
|
|
EUR
|
100,000
|
$115,892
|
|
Province of British Columbia, 2.95%, 6/18/2050
|
|
CAD
|
115,000
|
62,293
|
|
|
|
|
|
$178,185
|
|
Machinery & Tools – 0.7%
|
||||
|
CNH Industrial Capital LLC, 5.5%, 1/12/2029
|
|
$
|
35,000
|
$36,286
|
|
CNH Industrial NV, 3.875%, 9/03/2035
|
|
EUR
|
100,000
|
115,573
|
|
Manitowoc Co., Inc., 9.25%, 10/01/2031 (n)
|
|
$
|
481,000
|
506,258
|
|
Ritchie Bros Holdings, Inc., 7.75%, 3/15/2031 (n)
|
|
|
1,353,000
|
1,419,830
|
|
|
|
|
|
$2,077,947
|
|
Major Banks – 1.1%
|
||||
|
Bank of America Corp., 5.202% to 4/25/2028, FLR (SOFR - 1 day + 1.63%) to 4/25/2029
|
|
$
|
59,000
|
$60,497
|
|
Bank of America Corp., 2.687% to 4/22/2031, FLR (SOFR - 1 day + 1.32%) to 4/22/2032
|
|
|
69,000
|
62,596
|
|
Bank of America Corp., 5.425% to 8/15/2034, FLR (SOFR - 1 day + 1.913%) to 8/15/2035
|
|
|
71,000
|
71,465
|
|
Bank of America Corp., 5.464% to 5/09/2035, FLR (SOFR - 1 day + 1.64%) to 5/09/2036
|
|
|
50,000
|
51,359
|
|
Citigroup, Inc., 4.296% to 7/23/2035, FLR (EURIBOR - 3mo. + 1.611%) to 7/23/2036
|
|
EUR
|
100,000
|
117,552
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Major Banks – continued
|
||||
|
Citigroup, Inc., 6.875% to 8/15/2030, FLR (CMT - 5yr. + 2.89%) to 11/15/2173
|
|
$
|
158,000
|
$160,766
|
|
Commonwealth Bank of Australia, 2.688%, 3/11/2031 (n)
|
|
|
221,000
|
199,948
|
|
Credit Agricole S.A., 3.75%, 5/27/2035
|
|
EUR
|
100,000
|
115,781
|
|
Danske Bank A.S., 3.5%, 5/26/2033
|
|
|
110,000
|
129,209
|
|
Danske Bank A.S., 3.5%, 11/19/2035
|
|
|
100,000
|
116,481
|
|
Deutsche Bank AG, 5.373% to 1/10/2028, FLR (SOFR - 1 day + 1.21%) to 1/10/2029
|
|
$
|
150,000
|
153,389
|
|
Erste Group Bank AG, 6.375%, 11/20/2173
|
|
EUR
|
200,000
|
240,549
|
|
Goldman Sachs Group, Inc., 4.692% to 10/23/2029, FLR (SOFR - 1 day + 1.135%) to 10/23/2030
|
|
$
|
96,000
|
97,055
|
|
Goldman Sachs Group, Inc., 5.016% to 10/23/2034, FLR (SOFR - 1 day + 1.42%) to 10/23/2035
|
|
|
98,000
|
97,385
|
|
JPMorgan Chase & Co., 5.581% to 4/22/2029, FLR (SOFR - 1 day + 1.16%) to 4/22/2030
|
|
|
115,000
|
120,060
|
|
JPMorgan Chase & Co., 1.953% to 2/04/2031, FLR (SOFR - 1 day + 1.065%) to 2/04/2032
|
|
|
108,000
|
94,950
|
|
JPMorgan Chase & Co., 5.502% to 1/24/2035, FLR (SOFR - 1 day + 1.315%) to 1/24/2036
|
|
|
75,000
|
77,442
|
|
JPMorgan Chase & Co., 3.328% to 4/22/2051, FLR (SOFR - 1 day + 1.58%) to 4/22/2052
|
|
|
28,000
|
19,372
|
|
Morgan Stanley, 3.622% to 4/01/2030, FLR (SOFR - 1 day + 3.12%) to 4/01/2031
|
|
|
154,000
|
149,005
|
|
Morgan Stanley, 5.424% to 7/21/2033, FLR (SOFR - 1 day + 1.88%) to 7/21/2034
|
|
|
134,000
|
138,346
|
|
NatWest Group PLC, 3.632%, 9/03/2034
|
|
EUR
|
110,000
|
128,326
|
|
PNC Financial Services Group, Inc., 5.676% to 1/22/2034, FLR (SOFR - 1 day + 1.902%)
to 1/22/2035
|
|
$
|
75,000
|
78,191
|
|
PNC Financial Services Group, Inc., 5.575% to 1/29/2035, FLR (SOFR - 1 day + 1.394%)
to 1/29/2036
|
|
|
27,000
|
27,872
|
|
UBS Group AG, 2.746% to 2/11/2032, FLR (CMT - 1yr. + 1.1%) to 2/11/2033 (n)
|
|
|
200,000
|
176,274
|
|
Unicaja Banco S.A., 3.5% to 6/30/2030, FLR (EUR ICE Swap Rate - 1yr. + 1.35%) to 6/30/2031
|
|
EUR
|
100,000
|
117,801
|
|
UniCredit S.p.A., 3.725%, 6/10/2035
|
|
|
100,000
|
117,151
|
|
Wells Fargo & Co., 3.526% to 3/24/2027, FLR (SOFR - 1 day + 1.51%) to 3/24/2028
|
|
$
|
45,000
|
44,520
|
|
Wells Fargo & Co., 5.244% to 1/24/2030, FLR (SOFR - 1 day + 1.11%) to 1/24/2031
|
|
|
28,000
|
28,924
|
|
Wells Fargo & Co., 3.35% to 3/02/2032, FLR (SOFR - 1 day + 1.5%) to 3/02/2033
|
|
|
86,000
|
79,298
|
|
|
|
|
|
$3,071,564
|
|
Medical & Health Technology & Services – 3.4%
|
||||
|
180 Medical, Inc., 3.875%, 10/15/2029 (n)
|
|
$
|
965,000
|
$925,572
|
|
Acadia Healthcare Co., Inc., 7.375%, 3/15/2033 (n)
|
|
|
476,000
|
495,699
|
|
Bausch & Lomb Escrow Corp., 8.375%, 10/01/2028 (n)
|
|
|
519,000
|
540,616
|
|
CHS/Community Health Systems, Inc., 6.125%, 4/01/2030 (n)
|
|
|
344,000
|
247,206
|
|
CHS/Community Health Systems, Inc., 5.25%, 5/15/2030 (n)
|
|
|
1,535,000
|
1,375,859
|
|
Concentra, Inc., 6.875%, 7/15/2032 (n)
|
|
|
820,000
|
850,056
|
|
Encompass Health Corp., 5.75%, 9/15/2025
|
|
|
70,000
|
69,930
|
|
Encompass Health Corp., 4.75%, 2/01/2030
|
|
|
845,000
|
833,035
|
|
Encompass Health Corp., 4.625%, 4/01/2031
|
|
|
246,000
|
238,508
|
|
HCA, Inc., 5.125%, 6/15/2039
|
|
|
54,000
|
50,939
|
|
IQVIA, Inc., 5%, 5/15/2027 (n)
|
|
|
427,000
|
425,278
|
|
IQVIA, Inc., 6.5%, 5/15/2030 (n)
|
|
|
600,000
|
622,170
|
|
IQVIA, Inc., 6.25%, 6/01/2032 (n)
|
|
|
317,000
|
326,769
|
|
Lifepoint Health, Inc., 9.875%, 8/15/2030 (n)
|
|
|
516,000
|
558,710
|
|
Lifepoint Health, Inc., 11%, 10/15/2030 (n)
|
|
|
367,000
|
404,572
|
|
Lifepoint Health, Inc., 10%, 6/01/2032 (n)
|
|
|
259,000
|
266,742
|
|
New York Society for the Relief of the Ruptured & Crippled, 2.667%, 10/01/2050
|
|
|
88,000
|
52,449
|
|
ProMedica Toledo Hospital, “B”, AGM, 6.015%, 11/15/2048
|
|
|
142,000
|
138,297
|
|
Surgery Center Holdings, Inc., 7.25%, 4/15/2032 (n)
|
|
|
628,000
|
651,291
|
|
U.S. Acute Care Solutions LLC, 9.75%, 5/15/2029 (n)
|
|
|
611,000
|
627,024
|
|
|
|
|
|
$9,700,722
|
|
Medical Equipment – 0.9%
|
||||
|
Insulet Corp., 6.5%, 4/01/2033 (n)
|
|
$
|
708,000
|
$734,018
|
|
Medline Borrower LP, 3.875%, 4/01/2029 (n)
|
|
|
290,000
|
278,472
|
|
Medline Borrower LP, 5.25%, 10/01/2029 (n)
|
|
|
833,000
|
824,902
|
|
Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, 4/01/2029 (n)
|
|
|
614,000
|
630,759
|
|
|
|
|
|
$2,468,151
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Metals & Mining – 2.5%
|
||||
|
Baffinland Iron Mines Corp./Baffinland Iron Mines LP, 8.75%, 7/15/2026 (n)
|
|
$
|
730,000
|
$683,634
|
|
BHP Billiton Finance Ltd., 3.643%, 9/04/2035
|
|
EUR
|
100,000
|
116,740
|
|
Cleveland-Cliffs, Inc., 7%, 3/15/2032 (n)
|
|
$
|
401,000
|
398,653
|
|
FMG Resources Ltd., 5.875%, 4/15/2030 (n)
|
|
|
178,000
|
181,784
|
|
FMG Resources Ltd., 4.375%, 4/01/2031 (n)
|
|
|
1,916,000
|
1,821,869
|
|
Glencore Capital Finance DAC, 3.75%, 2/04/2032
|
|
EUR
|
100,000
|
118,120
|
|
Mineral Resources Ltd., 9.25%, 10/01/2028 (n)
|
|
$
|
822,000
|
859,333
|
|
Novelis, Inc., 4.75%, 1/30/2030 (n)
|
|
|
761,000
|
731,827
|
|
Novelis, Inc., 6.875%, 1/30/2030 (n)
|
|
|
505,000
|
523,995
|
|
Novelis, Inc., 3.875%, 8/15/2031 (n)
|
|
|
343,000
|
311,065
|
|
Petra Diamonds US$ Treasury PLC, 9.75%, 3/08/2026 (z)
|
|
|
305,656
|
172,699
|
|
Rio Tinto Finance (USA) PLC, 5%, 3/14/2032
|
|
|
74,000
|
75,855
|
|
Samarco Mineracao S.A., 9% PIK to 12/30/2025, (4% Cash + 5% PIK) to 12/30/2026, (5.5%
Cash + 3.5% PIK) to
12/30/2027, 9.25% Cash to 12/30/2029, 9.5% Cash to 6/30/2031 (p)
|
|
|
564,656
|
561,950
|
|
Taseko Mines Ltd., 8.25%, 5/01/2030 (n)
|
|
|
587,000
|
617,157
|
|
|
|
|
|
$7,174,681
|
|
Midstream – 5.0%
|
||||
|
Buckeye Partners LP, 6.75%, 2/01/2030 (n)
|
|
$
|
537,000
|
$557,752
|
|
Buckeye Partners LP, 5.85%, 11/15/2043
|
|
|
202,000
|
180,950
|
|
Cheniere Energy Partners LP, 5.55%, 10/30/2035 (n)
|
|
|
73,000
|
73,671
|
|
Columbia Pipelines Operating Co. LLC, 6.036%, 11/15/2033 (n)
|
|
|
18,000
|
19,054
|
|
Columbia Pipelines Operating Co. LLC, 6.544%, 11/15/2053 (n)
|
|
|
59,000
|
61,036
|
|
Delek Logistics Partners LP/Delek Logistics Corp., 8.625%, 3/15/2029 (n)
|
|
|
748,000
|
781,890
|
|
Delek Logistics Partners LP/Delek Logistics Corp., 7.375%, 6/30/2033 (n)
|
|
|
320,000
|
320,208
|
|
Eastern Energy Gas Holdings LLC, 5.65%, 10/15/2054
|
|
|
78,000
|
74,471
|
|
Energy Transfer LP, 5.95%, 5/15/2054
|
|
|
60,000
|
56,179
|
|
Genesis Energy LP/Genesis Energy Finance Corp., 8.25%, 1/15/2029
|
|
|
897,000
|
936,506
|
|
NFE Financing LLC, 12%, 11/15/2029 (n)
|
|
|
407,969
|
149,929
|
|
NuStar Logistics LP, 6.375%, 10/01/2030
|
|
|
692,000
|
716,491
|
|
Pembina Pipeline Corp., 5.22%, 6/28/2033
|
|
CAD
|
54,000
|
41,287
|
|
Pembina Pipeline Corp., 4.81%, 3/25/2044
|
|
|
97,000
|
65,176
|
|
Peru LNG, 5.375%, 3/22/2030
|
|
$
|
431,701
|
410,416
|
|
Plains All American Pipeline LP, 5.7%, 9/15/2034
|
|
|
70,000
|
71,406
|
|
Prairie Acquiror LP, 9%, 8/01/2029 (n)
|
|
|
542,000
|
565,097
|
|
Rockies Express Pipeline LLC, 6.75%, 3/15/2033 (n)
|
|
|
313,000
|
326,952
|
|
Rockies Express Pipeline LLC, 6.875%, 4/15/2040 (n)
|
|
|
608,000
|
612,128
|
|
Sunoco LP, 7.25%, 5/01/2032 (n)
|
|
|
946,000
|
1,000,753
|
|
Tallgrass Energy Partners LP, 5.5%, 1/15/2028 (n)
|
|
|
990,000
|
988,336
|
|
Tallgrass Energy Partners LP, 7.375%, 2/15/2029 (n)
|
|
|
594,000
|
612,024
|
|
Targa Resources Corp., 4.95%, 4/15/2052
|
|
|
53,000
|
43,843
|
|
TransMontaigne Partners LLC, 8.5%, 6/15/2030 (n)
|
|
|
412,000
|
433,365
|
|
Venture Global LNG, Inc., 8.125%, 6/01/2028 (n)
|
|
|
609,000
|
631,048
|
|
Venture Global LNG, Inc., 9.5%, 2/01/2029 (n)
|
|
|
656,000
|
721,215
|
|
Venture Global LNG, Inc., 7%, 1/15/2030 (n)
|
|
|
289,000
|
297,799
|
|
Venture Global LNG, Inc., 8.375%, 6/01/2031 (n)
|
|
|
1,030,000
|
1,080,653
|
|
Venture Global LNG, Inc., 9% to 9/30/2029, FLR (CMT - 5yr. + 5.44%) to 3/30/2173 (n)
|
|
|
739,000
|
733,858
|
|
Venture Global Plaquemines LNG LLC, 7.5%, 5/01/2033 (n)
|
|
|
209,000
|
229,246
|
|
Venture Global Plaquemines LNG LLC, 6.5%, 1/15/2034 (n)
|
|
|
552,000
|
576,270
|
|
Venture Global Plaquemines LNG LLC, 6.75%, 1/15/2036 (n)
|
|
|
552,000
|
579,296
|
|
|
|
|
|
$13,948,305
|
|
Mortgage-Backed – 2.1%
|
|
|||
|
Fannie Mae, 6.5%, 4/01/2032 - 1/01/2033
|
|
$
|
9,025
|
$9,375
|
|
Fannie Mae, 5.5%, 7/01/2033 - 7/01/2035
|
|
|
32,246
|
32,959
|
|
Fannie Mae, 6%, 8/01/2034 - 8/01/2054
|
|
|
65,295
|
67,240
|
|
Fannie Mae, 3.5%, 12/01/2047
|
|
|
31,679
|
29,353
|
|
Fannie Mae, 4%, 9/25/2050 (i)
|
|
|
107,982
|
21,118
|
|
Fannie Mae, 5.148%, 10/25/2052
|
|
|
182,722
|
179,910
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Mortgage-Backed – continued
|
|
|||
|
Fannie Mae, 5.798%, 1/25/2055
|
|
$
|
159,930
|
$161,610
|
|
Fannie Mae, 5.698%, 7/25/2055
|
|
|
137,616
|
138,500
|
|
Fannie Mae, UMBS, 2%, 4/01/2042 - 11/01/2051
|
|
|
200,321
|
169,386
|
|
Fannie Mae, UMBS, 6.5%, 2/01/2043
|
|
|
22,742
|
23,606
|
|
Fannie Mae, UMBS, 3.5%, 5/01/2049 - 7/01/2050
|
|
|
103,838
|
95,370
|
|
Fannie Mae, UMBS, 2.5%, 1/01/2050 - 2/01/2052
|
|
|
524,895
|
437,569
|
|
Fannie Mae, UMBS, 3%, 5/01/2051 - 12/01/2051
|
|
|
360,496
|
314,131
|
|
Fannie Mae, UMBS, 5%, 8/01/2052
|
|
|
144,656
|
143,358
|
|
Fannie Mae, UMBS, 4%, 10/01/2052
|
|
|
433,993
|
405,105
|
|
Fannie Mae, UMBS, 5.5%, 11/01/2052
|
|
|
92,892
|
93,860
|
|
Freddie Mac, 1.486%, 3/25/2027 (i)
|
|
|
448,000
|
8,468
|
|
Freddie Mac, 0.26%, 2/25/2028 (i)
|
|
|
36,576,000
|
128,056
|
|
Freddie Mac, 0.429%, 2/25/2028 (i)
|
|
|
15,572,000
|
113,730
|
|
Freddie Mac, 0.25%, 4/25/2028 (i)
|
|
|
15,983,000
|
59,342
|
|
Freddie Mac, 1.212%, 7/25/2029 (i)
|
|
|
1,835,427
|
64,842
|
|
Freddie Mac, 0.734%, 1/25/2030 (i)
|
|
|
355,086
|
8,183
|
|
Freddie Mac, 1.913%, 4/25/2030 (i)
|
|
|
845,640
|
61,361
|
|
Freddie Mac, 1.954%, 4/25/2030 (i)
|
|
|
731,897
|
54,696
|
|
Freddie Mac, 1.769%, 5/25/2030 (i)
|
|
|
896,340
|
62,552
|
|
Freddie Mac, 1.906%, 5/25/2030 (i)
|
|
|
2,034,877
|
151,400
|
|
Freddie Mac, 1.435%, 6/25/2030 (i)
|
|
|
821,458
|
46,483
|
|
Freddie Mac, 1.701%, 8/25/2030 (i)
|
|
|
719,995
|
49,932
|
|
Freddie Mac, 1.262%, 9/25/2030 (i)
|
|
|
455,646
|
23,590
|
|
Freddie Mac, 1.17%, 11/25/2030 (i)
|
|
|
901,677
|
44,725
|
|
Freddie Mac, 0.413%, 1/25/2031 (i)
|
|
|
3,161,408
|
42,726
|
|
Freddie Mac, 0.606%, 3/25/2031 (i)
|
|
|
3,712,066
|
84,916
|
|
Freddie Mac, 1.039%, 7/25/2031 (i)
|
|
|
670,491
|
32,936
|
|
Freddie Mac, 0.632%, 9/25/2031 (i)
|
|
|
2,699,427
|
77,212
|
|
Freddie Mac, 0.664%, 12/25/2031 (i)
|
|
|
659,754
|
19,580
|
|
Freddie Mac, 6%, 8/01/2034
|
|
|
16,292
|
16,709
|
|
Freddie Mac, 5.748%, 2/25/2055 - 6/25/2055
|
|
|
225,954
|
227,798
|
|
Freddie Mac, 7.898%, 8/25/2055
|
|
|
92,340
|
92,644
|
|
Freddie Mac, UMBS, 4.5%, 7/01/2038 - 11/01/2053
|
|
|
182,740
|
178,351
|
|
Freddie Mac, UMBS, 2%, 8/01/2051 - 9/01/2051
|
|
|
62,421
|
49,944
|
|
Freddie Mac, UMBS, 3%, 4/01/2052 - 5/01/2052
|
|
|
613,440
|
532,729
|
|
Freddie Mac, UMBS, 5%, 11/01/2052
|
|
|
191,013
|
189,475
|
|
Freddie Mac, UMBS, 6%, 8/01/2053
|
|
|
44,948
|
46,229
|
|
Freddie Mac, UMBS, 6.5%, 11/01/2054
|
|
|
64,935
|
67,574
|
|
Ginnie Mae, 4.754%, 10/20/2045
|
|
|
68,329
|
66,401
|
|
Ginnie Mae, 2.5%, 8/20/2051 - 10/20/2052
|
|
|
371,073
|
316,483
|
|
Ginnie Mae, 3%, 4/20/2052 - 11/20/2052
|
|
|
103,622
|
91,987
|
|
Ginnie Mae, 4%, 7/20/2052 - 11/20/2052
|
|
|
90,502
|
85,103
|
|
Ginnie Mae, 5.5%, 2/20/2053 - 10/20/2053
|
|
|
96,661
|
97,889
|
|
Ginnie Mae, 5%, 3/20/2053 - 4/20/2053
|
|
|
162,991
|
162,218
|
|
Ginnie Mae, 5.395%, 10/20/2054
|
|
|
78,197
|
78,168
|
|
Ginnie Mae, 5.057%, 6/20/2055
|
|
|
123,722
|
125,500
|
|
Ginnie Mae, 5.132%, 6/20/2055
|
|
|
99,772
|
98,686
|
|
Ginnie Mae, TBA, 3.5%, 9/22/2055 - 10/15/2055
|
|
|
75,000
|
68,197
|
|
|
|
|
|
$6,049,265
|
|
Municipals – 0.3%
|
||||
|
Iowa Student Loan Liquidity Corp. Rev., Taxable, “A”, 5.08%, 12/01/2039
|
|
$
|
60,000
|
$57,442
|
|
Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, “A”, 2.641%, 7/01/2037
|
|
|
115,000
|
107,394
|
|
Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, “A”, 4.949%, 7/01/2038
|
|
|
145,000
|
141,185
|
|
Massachusetts Housing Finance Agency, Single Family Housing Rev., Taxable, “226”, 5.562%, 12/01/2052
|
|
|
145,000
|
148,277
|
|
Michigan Finance Authority, Hospital Rev., Taxable (Trinity Health Credit Group),
3.384%, 12/01/2040
|
|
|
70,000
|
58,470
|
|
Oklahoma Development Finance Authority, Health System Rev., Taxable (OU Medicine Project),
“C”, 5.45%, 8/15/2028
|
|
|
246,000
|
241,161
|
|
|
|
|
|
$753,929
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Natural Gas - Distribution – 0.1%
|
||||
|
Boston Gas Co., 5.843%, 1/10/2035 (n)
|
|
$
|
89,000
|
$93,314
|
|
Vier Gas Transport GmbH, 3.375%, 11/11/2031
|
|
EUR
|
100,000
|
117,046
|
|
|
|
|
|
$210,360
|
|
Natural Gas - Pipeline – 0.1%
|
||||
|
APA Infrastructure Ltd., 5.125%, 9/16/2034 (n)
|
|
$
|
61,000
|
$61,134
|
|
APA Infrastructure Ltd., 2.5%, 3/15/2036
|
|
GBP
|
100,000
|
99,220
|
|
APA Infrastructure Ltd., 5.75%, 9/16/2044 (n)
|
|
$
|
23,000
|
22,390
|
|
|
|
|
|
$182,744
|
|
Network & Telecom – 0.9%
|
||||
|
Altice Financing S.A., 5.75%, 8/15/2029 (n)
|
|
$
|
275,000
|
$217,937
|
|
Frontier Communications Holdings LLC, 6.75%, 5/01/2029 (n)
|
|
|
593,000
|
598,765
|
|
Iliad Holding S.A.S., 7%, 10/15/2028 (n)
|
|
|
781,000
|
794,774
|
|
Iliad Holding S.A.S., 5.375%, 4/15/2030 (n)
|
|
EUR
|
100,000
|
119,661
|
|
Iliad Holding S.A.S., 6.875%, 4/15/2031 (n)
|
|
|
366,000
|
452,711
|
|
NTT Finance Corp., 3.678%, 7/16/2033
|
|
|
100,000
|
118,438
|
|
NTT Finance Corp., 4.091%, 7/16/2037
|
|
|
100,000
|
119,201
|
|
Windstream Services LLC/Windstream Escrow, 8.25%, 10/01/2031 (n)
|
|
$
|
234,000
|
243,401
|
|
|
|
|
|
$2,664,888
|
|
Oil Services – 0.7%
|
||||
|
Nabors Industries, Inc., 8.875%, 8/15/2031 (n)
|
|
$
|
703,000
|
$633,130
|
|
U.S.A. Compression Partners LP/Finance Co., 7.125%, 3/15/2029 (n)
|
|
|
821,000
|
841,588
|
|
Valaris Ltd., 8.375%, 4/30/2030 (n)
|
|
|
550,000
|
572,597
|
|
|
|
|
|
$2,047,315
|
|
Oils – 0.0%
|
||||
|
Marathon Petroleum Corp., 5.7%, 3/01/2035
|
|
$
|
48,000
|
$49,019
|
|
Other Banks & Diversified Financials – 0.4%
|
||||
|
AIB Group PLC, 6.608% to 9/13/2028, FLR (SOFR - 1 day + 2.33%) to 9/13/2029 (n)
|
|
$
|
200,000
|
$212,731
|
|
CaixaBank S.A., 3.375%, 6/26/2035
|
|
EUR
|
100,000
|
115,682
|
|
Commerzbank AG, 3.75% to 6/06/2033, FLR (EURIBOR - 3mo. + 1.43%) to 6/06/2034
|
|
|
100,000
|
116,963
|
|
Commerzbank AG, 4.125% to 6/30/2032, FLR (EUR ICE Swap Rate - 5yr. +1.83%) to 6/30/2037
|
|
|
100,000
|
116,937
|
|
Deutsche Bank AG, 3% to 6/16/2028, FLR (EURIBOR - 3mo. + 1.05%) to 6/16/2029
|
|
|
100,000
|
117,210
|
|
Islandsbanki hf. (Republic of Iceland), 3.875%, 9/20/2030
|
|
|
100,000
|
119,860
|
|
M&T Bank Corp., 4.553% to 8/16/2027, FLR (SOFR - 1 day + 1.78%) to 8/16/2028
|
|
$
|
41,000
|
41,167
|
|
M&T Bank Corp., 6.082% to 3/13/2031, FLR (SOFR - 1 day + 2.26%) to 3/13/2032
|
|
|
73,000
|
77,502
|
|
PKO Bank Polski S.A., 3.625%, 6/30/2031
|
|
EUR
|
100,000
|
117,505
|
|
Truist Financial Corp., 5.711% to 1/24/2034, FLR (SOFR - 1 day + 1.922%) to 1/24/2035
|
|
$
|
27,000
|
28,126
|
|
|
|
|
|
$1,063,683
|
|
Pharmaceuticals – 0.7%
|
||||
|
1261229 B.C. Ltd., 10%, 4/15/2032 (n)
|
|
$
|
451,000
|
$468,296
|
|
AbbVie, Inc., 5.35%, 3/15/2044
|
|
|
41,000
|
40,097
|
|
AbbVie, Inc., 5.4%, 3/15/2054
|
|
|
51,000
|
48,944
|
|
Bausch Health Co., Inc., 4.875%, 6/01/2028 (n)
|
|
|
454,000
|
409,735
|
|
Bausch Health Co., Inc., 5.25%, 1/30/2030 (n)
|
|
|
244,000
|
177,659
|
|
Biogen, Inc., 5.05%, 1/15/2031
|
|
|
56,000
|
57,471
|
|
Eli Lilly & Co., 5.5%, 2/12/2055
|
|
|
37,000
|
36,486
|
|
Grifols S.A., 7.125%, 5/01/2030
|
|
EUR
|
380,000
|
467,078
|
|
Johnson & Johnson, 3.55%, 6/01/2044
|
|
|
100,000
|
111,596
|
|
Rossini S.à r.l., 6.75%, 12/31/2029
|
|
|
114,000
|
140,659
|
|
Sandoz Finance B.V., 4%, 3/26/2035
|
|
|
100,000
|
118,671
|
|
|
|
|
|
$2,076,692
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Pollution Control – 0.4%
|
||||
|
GFL Environmental, Inc., 4%, 8/01/2028 (n)
|
|
$
|
651,000
|
$634,712
|
|
GFL Environmental, Inc., 6.75%, 1/15/2031 (n)
|
|
|
195,000
|
203,567
|
|
Wrangler Holdco Corp., 6.625%, 4/01/2032 (n)
|
|
|
259,000
|
269,995
|
|
|
|
|
|
$1,108,274
|
|
Precious Metals & Minerals – 0.7%
|
||||
|
Eldorado Gold Corp., 6.25%, 9/01/2029 (n)
|
|
$
|
706,000
|
$707,712
|
|
IAMGOLD Corp., 5.75%, 10/15/2028 (n)
|
|
|
475,000
|
471,725
|
|
New Gold, Inc., 6.875%, 4/01/2032 (n)
|
|
|
623,000
|
649,395
|
|
Northern Star Resources Ltd. Co., 6.125%, 4/11/2033 (n)
|
|
|
53,000
|
55,459
|
|
|
|
|
|
$1,884,291
|
|
Printing & Publishing – 0.0%
|
||||
|
Informa PLC, 3.375%, 6/09/2031
|
|
EUR
|
100,000
|
$116,491
|
|
Railroad & Shipping – 0.1%
|
||||
|
Burlington Northern Sante Fe LLC, 5.5%, 3/15/2055
|
|
$
|
83,000
|
$80,628
|
|
Union Pacific Corp., 3.25%, 2/05/2050
|
|
|
101,000
|
68,735
|
|
|
|
|
|
$149,363
|
|
Real Estate - Healthcare – 0.2%
|
||||
|
MPT Operating Partnership LP/MPT Finance Corp., REIT, 5%, 10/15/2027
|
|
$
|
239,000
|
$226,398
|
|
MPT Operating Partnership LP/MPT Finance Corp., REIT, 8.5%, 2/15/2032 (n)
|
|
|
430,000
|
450,825
|
|
|
|
|
|
$677,223
|
|
Real Estate - Office – 0.1%
|
||||
|
Boston Properties LP, REIT, 3.65%, 2/01/2026
|
|
$
|
71,000
|
$70,667
|
|
Boston Properties LP, REIT, 2.75%, 10/01/2026
|
|
|
23,000
|
22,600
|
|
Corporate Office Property LP, REIT, 2.25%, 3/15/2026
|
|
|
49,000
|
48,308
|
|
Corporate Office Property LP, REIT, 2%, 1/15/2029
|
|
|
21,000
|
19,391
|
|
Cousins Properties, Inc., REIT, 5.875%, 10/01/2034
|
|
|
36,000
|
37,223
|
|
|
|
|
|
$198,189
|
|
Real Estate - Other – 0.9%
|
||||
|
Lexington Realty Trust Co., 2.7%, 9/15/2030
|
|
$
|
47,000
|
$42,766
|
|
Park Intermediate Holdings LLC, 4.875%, 5/15/2029 (n)
|
|
|
611,000
|
594,724
|
|
RHP Hotel Properties LP/RHP Finance Corp., 7.25%, 7/15/2028 (n)
|
|
|
1,134,000
|
1,167,161
|
|
RHP Hotel Properties LP/RHP Finance Corp., 6.5%, 4/01/2032 (n)
|
|
|
114,000
|
117,170
|
|
XHR LP, REIT, 4.875%, 6/01/2029 (n)
|
|
|
732,000
|
712,256
|
|
|
|
|
|
$2,634,077
|
|
Real Estate - Retail – 0.1%
|
||||
|
Hammerson PLC, 5.875%, 10/08/2036
|
|
GBP
|
100,000
|
$130,366
|
|
STORE Capital Corp., REIT, 2.75%, 11/18/2030
|
|
$
|
113,000
|
101,978
|
|
STORE Capital Corp., REIT, 2.7%, 12/01/2031
|
|
|
6,000
|
5,222
|
|
WEA Finance LLC, REIT, 2.875%, 1/15/2027 (n)
|
|
|
79,000
|
77,252
|
|
|
|
|
|
$314,818
|
|
Restaurants – 0.8%
|
||||
|
1011778 B.C. ULC/New Red Finance, Inc., 6.125%, 6/15/2029 (n)
|
|
$
|
763,000
|
$781,510
|
|
1011778 B.C. ULC/New Red Finance, Inc., 4%, 10/15/2030 (n)
|
|
|
430,000
|
402,058
|
|
Fertitta Entertainment LLC, 6.75%, 1/15/2030 (n)
|
|
|
703,000
|
661,136
|
|
New Red Finance, Inc., 5.625%, 9/15/2029 (n)
|
|
|
416,000
|
420,951
|
|
|
|
|
|
$2,265,655
|
|
Retailers – 1.6%
|
||||
|
Beach Acquisition Bidco LLC, 10% (10% Cash or 10.75% PIK), 7/15/2033 (n)(p)
|
|
$
|
579,000
|
$614,582
|
|
El Corte Inglés S.A., 3.5%, 7/24/2033
|
|
EUR
|
100,000
|
115,392
|
|
Home Depot, Inc., 3.625%, 4/15/2052
|
|
$
|
112,000
|
81,151
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Retailers – continued
|
||||
|
L Brands, Inc., 6.625%, 10/01/2030 (n)
|
|
$
|
671,000
|
$688,843
|
|
Macy’s Retail Holdings LLC, 5.875%, 3/15/2030 (n)
|
|
|
42,000
|
41,591
|
|
Macy's Retail Holdings LLC, 7.375%, 8/01/2033 (n)
|
|
|
577,000
|
592,453
|
|
Mavis Tire Express Services Corp., 6.5%, 5/15/2029 (n)
|
|
|
432,000
|
431,561
|
|
Maxeda DIY Holding B.V., 5.875%, 10/01/2026
|
|
EUR
|
345,000
|
379,643
|
|
Parkland Corp., 4.625%, 5/01/2030 (n)
|
|
$
|
712,000
|
689,176
|
|
Parkland Corp., 6.625%, 8/15/2032 (n)
|
|
|
116,000
|
119,471
|
|
Penske Automotive Group Co., 3.75%, 6/15/2029
|
|
|
659,000
|
628,350
|
|
|
|
|
|
$4,382,213
|
|
Specialty Chemicals – 0.1%
|
||||
|
International Flavors & Fragrances, Inc., 5%, 9/26/2048
|
|
$
|
39,000
|
$33,537
|
|
Linde PLC, 3.25%, 2/18/2037
|
|
EUR
|
100,000
|
113,016
|
|
|
|
|
|
$146,553
|
|
Specialty Stores – 0.7%
|
||||
|
Carvana Co., 9%, 12/01/2028 (n)(p)
|
|
$
|
206,385
|
$211,085
|
|
Carvana Co., 9%, 6/01/2031 (n)(p)
|
|
|
1,191,000
|
1,351,294
|
|
DICK'S Sporting Goods, 4.1%, 1/15/2052
|
|
|
53,000
|
37,596
|
|
Michael Cos., Inc., 5.25%, 5/01/2028 (n)
|
|
|
328,000
|
258,864
|
|
Michael Cos., Inc., 7.875%, 5/01/2029 (n)
|
|
|
368,000
|
249,483
|
|
|
|
|
|
$2,108,322
|
|
Supermarkets – 0.9%
|
||||
|
Albertsons Cos. LLC/Safeway, Inc., 6.25%, 3/15/2033 (n)
|
|
$
|
1,271,000
|
$1,300,095
|
|
KeHE Distributors LLC/KeHE Finance Corp., 9%, 2/15/2029 (n)
|
|
|
963,000
|
1,013,768
|
|
Kroger Co., 5.5%, 9/15/2054
|
|
|
56,000
|
52,435
|
|
Tesco Corporate Treasury Services PLC, 3.375%, 5/06/2032
|
|
EUR
|
100,000
|
116,797
|
|
Tesco Corporate Treasury Services PLC, 5.125%, 5/22/2034
|
|
GBP
|
100,000
|
130,424
|
|
|
|
|
|
$2,613,519
|
|
Supranational – 0.4%
|
||||
|
European Union, 3%, 3/04/2053
|
|
EUR
|
527,000
|
$509,954
|
|
International Bank for Reconstruction and Development, 4.125%, 10/22/2030
|
|
GBP
|
375,000
|
504,572
|
|
|
|
|
|
$1,014,526
|
|
Telecommunications - Wireless – 1.0%
|
||||
|
Altice France S.A., 8.125%, 2/01/2027 (n)
|
|
$
|
345,000
|
$319,396
|
|
Altice France S.A., 5.5%, 1/15/2028 (n)
|
|
|
784,000
|
689,920
|
|
Altice France S.A., 5.125%, 7/15/2029 (n)
|
|
|
200,000
|
171,000
|
|
Millicom International Cellular S.A., 5.125%, 1/15/2028
|
|
|
635,400
|
629,685
|
|
T-Mobile USA, Inc., 3.875%, 4/15/2030
|
|
|
54,000
|
52,893
|
|
T-Mobile USA, Inc., 5.05%, 7/15/2033
|
|
|
60,000
|
60,615
|
|
T-Mobile USA, Inc., 5.75%, 1/15/2034
|
|
|
26,000
|
27,303
|
|
WP/AP Telecom Holdings III B.V., 5.5%, 1/15/2030
|
|
EUR
|
100,000
|
117,488
|
|
Zegona Finance PLC, 6.75%, 7/15/2029 (n)
|
|
|
90,000
|
111,456
|
|
Zegona Finance PLC, 8.625%, 7/15/2029 (n)
|
|
$
|
537,000
|
571,169
|
|
|
|
|
|
$2,750,925
|
|
Telephone Services – 0.7%
|
||||
|
Deutsche Telekom AG, 3.625%, 2/03/2045
|
|
EUR
|
30,000
|
$32,456
|
|
Level 3 Financing, Inc., 3.875%, 10/15/2030 (n)
|
|
$
|
448,047
|
380,840
|
|
Level 3 Financing, Inc., 6.875%, 6/30/2033 (n)
|
|
|
316,769
|
319,612
|
|
Level 3 Financing, Inc., 7%, 3/31/2034 (n)
|
|
|
292,284
|
294,269
|
|
TELUS Corp., 2.85%, 11/13/2031
|
|
CAD
|
151,000
|
103,341
|
|
Uniti Group/CSL Capital Co., 6.5%, 2/15/2029 (n)
|
|
$
|
587,000
|
559,059
|
|
Uniti Group/CSL Capital Co., 8.625%, 6/15/2032 (n)
|
|
|
316,000
|
310,726
|
|
|
|
|
|
$2,000,303
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Tobacco – 0.3%
|
||||
|
JT International Financial Services B.V., 3.87%, 9/04/2055
|
|
EUR
|
100,000
|
$117,026
|
|
Philip Morris International, Inc., 4.75%, 11/01/2031
|
|
$
|
76,000
|
77,097
|
|
Turning Point Brands, Inc., 7.625%, 3/15/2032 (n)
|
|
|
731,000
|
764,194
|
|
|
|
|
|
$958,317
|
|
Transportation - Services – 0.5%
|
||||
|
Aeroporti Di Roma S.p.A, 3.625%, 6/15/2032
|
|
EUR
|
100,000
|
$117,260
|
|
Avis Budget Finance PLC, 7.25%, 7/31/2030 (n)
|
|
|
517,000
|
621,443
|
|
Edge Finco PLC, 8.125%, 8/15/2031
|
|
GBP
|
114,000
|
163,511
|
|
Element Fleet Management Corp., 6.271%, 6/26/2026 (n)
|
|
$
|
60,000
|
60,814
|
|
Element Fleet Management Corp., 6.319%, 12/04/2028 (n)
|
|
|
38,000
|
40,232
|
|
Heathrow Funding Ltd., 3.875%, 1/16/2038
|
|
EUR
|
100,000
|
115,855
|
|
Toll Road Investors Partnership II LP, Capital Appreciation, NPFG, 0%, 2/15/2043 (n)
|
|
$
|
494,697
|
165,872
|
|
|
|
|
|
$1,284,987
|
|
U.S. Treasury Obligations – 19.6%
|
||||
|
U.S. Treasury Bonds, 1.125%, 8/15/2040 (f)
|
|
$
|
15,219,000
|
$9,369,197
|
|
U.S. Treasury Bonds, 3.875%, 5/15/2043
|
|
|
5,513,000
|
4,887,188
|
|
U.S. Treasury Bonds, 4.75%, 2/15/2045
|
|
|
19,000
|
18,718
|
|
U.S. Treasury Bonds, 4.75%, 11/15/2053
|
|
|
5,281,000
|
5,133,710
|
|
U.S. Treasury Notes, 4.125%, 8/31/2030
|
|
|
8,238,000
|
8,392,784
|
|
U.S. Treasury Notes, 4.875%, 10/31/2030
|
|
|
5,878,000
|
6,192,105
|
|
U.S. Treasury Notes, 2.75%, 8/15/2032 (f)
|
|
|
14,669,000
|
13,619,823
|
|
U.S. Treasury Notes, 4%, 2/15/2034
|
|
|
6,200,000
|
6,163,672
|
|
U.S. Treasury Notes, 4.625%, 2/15/2035
|
|
|
1,500,000
|
1,551,328
|
|
|
|
|
|
$55,328,525
|
|
Utilities - Electric Power – 3.2%
|
||||
|
AEP Transmission Co. LLC, 5.375%, 6/15/2035
|
|
$
|
56,000
|
$57,367
|
|
Algonquin Power & Utilities Corp., 5.365%, 6/15/2026
|
|
|
28,000
|
28,198
|
|
American Transmission Systems, Inc., 2.65%, 1/15/2032 (n)
|
|
|
86,000
|
76,430
|
|
Amprion GmbH, 3.875%, 6/05/2036
|
|
EUR
|
100,000
|
116,859
|
|
Berkshire Hathaway Energy Co., 5.15%, 11/15/2043
|
|
$
|
20,000
|
19,007
|
|
Berkshire Hathaway Energy Co., 4.6%, 5/01/2053
|
|
|
17,000
|
14,113
|
|
Bruce Power LP, 2.68%, 12/21/2028
|
|
CAD
|
82,000
|
58,472
|
|
Bruce Power LP, 4.27%, 12/21/2034
|
|
|
93,000
|
66,894
|
|
Calpine Corp., 4.5%, 2/15/2028 (n)
|
|
$
|
663,000
|
656,643
|
|
Clearway Energy Operating LLC, 3.75%, 2/15/2031 (n)
|
|
|
1,354,000
|
1,245,418
|
|
ContourGlobal Power Holdings S.A., 5%, 2/28/2030 (n)
|
|
EUR
|
100,000
|
119,699
|
|
ContourGlobal Power Holdings S.A., 6.75%, 2/28/2030 (n)
|
|
$
|
200,000
|
206,500
|
|
Duke Energy Carolinas LLC, 4.95%, 1/15/2033
|
|
|
20,000
|
20,448
|
|
Duke Energy Florida LLC, 6.2%, 11/15/2053
|
|
|
72,000
|
76,331
|
|
E.ON International Finance B.V., 3.5%, 9/03/2035
|
|
EUR
|
110,000
|
127,300
|
|
E.ON International Finance B.V., 5.875%, 10/30/2037
|
|
GBP
|
50,000
|
66,754
|
|
Enel Finance International N.V., 2.5%, 7/12/2031 (n)
|
|
$
|
200,000
|
178,223
|
|
ENGIE Energia Chile S.A., 6.375%, 4/17/2034 (n)
|
|
|
200,000
|
210,183
|
|
Entergy Corp., 0.9%, 9/15/2025
|
|
|
87,000
|
86,885
|
|
EPH Financing International A.S., 4.625%, 7/02/2032
|
|
EUR
|
100,000
|
118,681
|
|
Eversource Energy, 5.5%, 1/01/2034
|
|
$
|
55,000
|
56,220
|
|
Florida Power & Light Co., 2.875%, 12/04/2051
|
|
|
46,000
|
28,756
|
|
Georgia Power Co., 4.95%, 5/17/2033
|
|
|
55,000
|
55,671
|
|
Jersey Central Power & Light Co., 2.75%, 3/01/2032 (n)
|
|
|
28,000
|
24,863
|
|
National Grid North America, Inc., 3.917%, 6/03/2035
|
|
EUR
|
100,000
|
117,527
|
|
NextEra Energy Capital Holdings, Inc., 5.749%, 9/01/2025
|
|
$
|
58,000
|
58,000
|
|
Northern States Power Co. of Minnesota, 5.05%, 5/15/2035
|
|
|
56,000
|
56,603
|
|
Oncor Electric Delivery Co. LLC, 5.35%, 4/01/2035 (n)
|
|
|
85,000
|
87,381
|
|
Pacific Gas & Electric Co., 6.1%, 1/15/2029
|
|
|
18,000
|
18,783
|
|
Pacific Gas & Electric Co., 6.4%, 6/15/2033
|
|
|
17,000
|
18,058
|
|
Pacific Gas & Electric Co., 5.9%, 10/01/2054
|
|
|
22,000
|
20,572
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Utilities - Electric Power – continued
|
||||
|
PG&E Corp., 5.25%, 7/01/2030
|
|
$
|
1,220,000
|
$1,188,974
|
|
PG&E Corp., 7.375% to 3/15/2030, FLR (CMT - 5yr. + 3.883%) to 3/15/2055
|
|
|
297,000
|
294,738
|
|
PPL Electric Utilities Corp. 1st Mortgage, 5.25%, 5/15/2053
|
|
|
76,000
|
72,013
|
|
PSEG Power LLC, 5.2%, 5/15/2030 (n)
|
|
|
79,000
|
81,284
|
|
Star Energy Geothermal (Wayang Windu) Ltd., 6.75%, 4/24/2033 (n)
|
|
|
618,788
|
638,899
|
|
Terna Rete Elettrica Nazionale S.p.A., 3%, 7/22/2031
|
|
EUR
|
100,000
|
116,189
|
|
TerraForm Global Operating LLC, 6.125%, 3/01/2026 (n)
|
|
$
|
176,000
|
175,037
|
|
TerraForm Power Operating LLC, 5%, 1/31/2028 (n)
|
|
|
703,000
|
697,005
|
|
TerraForm Power Operating LLC, 4.75%, 1/15/2030 (n)
|
|
|
157,000
|
151,494
|
|
Xcel Energy, Inc., 4.6%, 6/01/2032
|
|
|
43,000
|
42,340
|
|
Xcel Energy, Inc., 5.6%, 4/15/2035
|
|
|
10,000
|
10,222
|
|
XPLR Infrastructure Operating Partners LP, 4.5%, 9/15/2027 (n)
|
|
|
361,000
|
354,065
|
|
XPLR Infrastructure Operating Partners LP, 7.25%, 1/15/2029 (n)
|
|
|
536,000
|
547,436
|
|
XPLR Infrastructure Operating Partners LP, 8.375%, 1/15/2031 (n)
|
|
|
306,000
|
319,994
|
|
XPLR Infrastructure Operating Partners LP, 8.625%, 3/15/2033 (n)
|
|
|
186,000
|
196,163
|
|
|
|
|
|
$8,978,692
|
|
Utilities - Gas – 0.3%
|
||||
|
EP Infrastructure A.S., 2.045%, 10/09/2028
|
|
EUR
|
709,000
|
$800,554
|
|
Utilities - Water – 0.0%
|
||||
|
Severn Trent Utilities Finance PLC, 3.875%, 8/04/2035
|
|
EUR
|
100,000
|
$116,951
|
|
Total Bonds
|
|
$360,670,346
|
||
|
Common Stocks – 0.0%
|
||||
|
Oil Services – 0.0%
|
|
|||
|
LTRI Holdings LP (a)(u)
|
|
615
|
$92,133
|
|
|
|
Strike
Price
|
First
Exercise
|
|
|
|
Warrants – 0.0%
|
|
|
|
|
|
Other Banks & Diversified Financials – 0.0%
|
||||
|
Avation Capital S.A. (1 share for 1 warrant, Expiration 10/31/26) (a)
|
GBP 1.14
|
N/A
|
6,125
|
$3,642
|
|
|
|
|
|
|
|
Mutual Funds (h) – 4.9%
|
||||
|
Money Market Funds – 4.9%
|
|
|||
|
MFS Institutional Money Market Portfolio, 4.33% (v)
|
|
|
13,674,557
|
$13,675,925
|
|
|
||||
|
Other Assets, Less Liabilities – (33.0)%
|
|
(92,880,550
)
|
||
|
Net Assets – 100.0%
|
$281,561,496
|
|||
|
(a)
|
Non-income producing security.
|
|
(d)
|
In default.
|
|
(f)
|
All or a portion of the security has been segregated as collateral for open futures
contracts and cleared swap agreements.
|
|
(h)
|
An affiliated issuer, which may be considered one in which the fund owns 5% or more
of the outstanding voting securities, or a company which is under
common control. At period end, the aggregate values of the fund's investments in affiliated
issuers and in unaffiliated issuers were $13,675,925 and
$360,766,121, respectively.
|
|
(i)
|
Interest only security for which the fund receives interest on notional principal
(Par amount). Par amount shown is the notional principal and does not reflect
the cost of the security.
|
|
(n)
|
Securities exempt from registration under Rule 144A of the Securities Act of 1933.
These securities may be sold in the ordinary course of business in
transactions exempt from registration, normally to qualified institutional buyers.
At period end, the aggregate value of these securities was $214,893,549,
representing 76.3% of net assets.
|
|
(p)
|
Payment-in-kind (PIK) security for which interest income may be received in additional
securities and/or cash.
|
|
(u)
|
The security was valued using significant unobservable inputs and is considered level
3 under the fair value hierarchy.
|
|
(v)
|
Affiliated issuer that is available only to investment companies managed by MFS. The
rate quoted for the MFS Institutional Money Market Portfolio is the
annualized seven-day yield of the fund at period end.
|
|
(w)
|
When-issued security.
|
|
(z)
|
Restricted securities are not registered under the Securities Act of 1933 and are
subject to legal restrictions on resale. These securities generally may be
resold in transactions exempt from registration or to the public if the securities
are subsequently registered. Disposal of these securities may involve
time-consuming negotiations and prompt sale at an acceptable price may be difficult.
The fund holds the following restricted securities:
|
|
Restricted Securities
|
Acquisition
Date
|
Cost
|
Value
|
|
Petra Diamonds US$ Treasury PLC, 9.75%, 3/08/2026
|
3/09/2021-6/22/2022
|
$302,454
|
$172,699
|
|
% of Net assets
|
|
|
0.1%
|
|
The following abbreviations are used in this report and are defined:
|
|
|
AGM
|
Assured Guaranty Municipal
|
|
CDO
|
Collateralized Debt Obligation
|
|
CFRR
|
China Fixing Repo Rate
|
|
CLO
|
Collateralized Loan Obligation
|
|
CMT
|
Constant Maturity Treasury
|
|
CPI-U
|
Consumer Price Index - Urban Consumers
|
|
EURIBOR
|
Euro Interbank Offered Rate
|
|
FLR
|
Floating Rate. Interest rate resets periodically based on the parenthetically disclosed
reference rate plus a spread (if any). The period-end rate
reported may not be the current rate. All reference rates are USD unless otherwise
noted.
|
|
HICP
|
Harmonized Index of Consumer Prices
|
|
ICE
|
Intercontinental Exchange
|
|
NPFG
|
National Public Finance Guarantee Corp.
|
|
REIT
|
Real Estate Investment Trust
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
TBA
|
To Be Announced
|
|
UMBS
|
Uniform Mortgage-Backed Security
|
|
Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All
amounts are stated in U.S. dollars unless otherwise
indicated. A list of abbreviations is shown below:
|
|
|
AUD
|
Australian Dollar
|
|
BRL
|
Brazilian Real
|
|
CAD
|
Canadian Dollar
|
|
CHF
|
Swiss Franc
|
|
CLP
|
Chilean Peso
|
|
CNH
|
Chinese Yuan Renminbi (Offshore)
|
|
CNY
|
China Yuan Renminbi
|
|
CZK
|
Czech Koruna
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
HUF
|
Hungarian Forint
|
|
IDR
|
Indonesian Rupiah
|
|
ISK
|
Icelandic Krona
|
|
JPY
|
Japanese Yen
|
|
KRW
|
South Korean Won
|
|
MXN
|
Mexican Peso
|
|
NOK
|
Norwegian Krone
|
|
NZD
|
New Zealand Dollar
|
|
PEN
|
Peruvian Nuevo Sol
|
|
SGD
|
Singapore Dollar
|
|
THB
|
Thai Baht
|
|
UYU
|
Uruguayan Peso
|
|
Derivative Contracts at 8/31/25
|
||||||
|
Forward Foreign Currency Exchange Contracts
|
||||||
|
Currency
Purchased
|
Currency
Sold
|
Counterparty
|
Settlement
Date
|
Unrealized
Appreciation
(Depreciation)
|
||
|
Asset Derivatives
|
||||||
|
AUD
|
836,349
|
USD
|
543,929
|
HSBC Bank
|
10/17/2025
|
$3,829
|
|
AUD
|
453,861
|
USD
|
295,382
|
State Street Corp.
|
10/17/2025
|
1,868
|
|
BRL
|
377,306
|
USD
|
69,422
|
Barclays Bank PLC
|
9/02/2025
|
168
|
|
BRL
|
1,547,373
|
USD
|
278,660
|
Barclays Bank PLC
|
11/28/2025
|
829
|
|
|
||||||
|
Forward Foreign Currency Exchange Contracts − continued
|
||||||
|
Currency
Purchased
|
Currency
Sold
|
Counterparty
|
Settlement
Date
|
Unrealized
Appreciation
(Depreciation)
|
||
|
Asset Derivatives − continued
|
||||||
|
BRL
|
2,033,308
|
USD
|
354,569
|
Citibank N.A.
|
9/02/2025
|
$20,452
|
|
BRL
|
145,000
|
USD
|
26,138
|
Citibank N.A.
|
11/28/2025
|
53
|
|
CAD
|
92,899
|
USD
|
67,314
|
Citibank N.A.
|
10/17/2025
|
475
|
|
CNH
|
972,000
|
USD
|
136,177
|
HSBC Bank
|
10/17/2025
|
771
|
|
CNH
|
4,179,000
|
USD
|
584,131
|
Merrill Lynch International
|
10/17/2025
|
4,661
|
|
CZK
|
11,979,024
|
USD
|
569,350
|
Goldman Sachs International
|
10/17/2025
|
4,321
|
|
CZK
|
183,358
|
USD
|
8,658
|
Merrill Lynch International
|
10/17/2025
|
123
|
|
EUR
|
307,600
|
USD
|
360,549
|
Citibank N.A.
|
10/17/2025
|
325
|
|
EUR
|
671,993
|
USD
|
785,071
|
HSBC Bank
|
10/17/2025
|
3,307
|
|
EUR
|
269,155
|
USD
|
314,682
|
JPMorgan Chase Bank N.A.
|
10/17/2025
|
1,088
|
|
EUR
|
95,415
|
USD
|
110,948
|
Merrill Lynch International
|
10/17/2025
|
993
|
|
EUR
|
5,916,908
|
USD
|
6,915,145
|
State Street Corp.
|
10/17/2025
|
26,535
|
|
EUR
|
429,799
|
USD
|
503,352
|
UBS AG
|
10/17/2025
|
886
|
|
GBP
|
296,157
|
USD
|
399,677
|
Merrill Lynch International
|
10/17/2025
|
752
|
|
GBP
|
126,946
|
USD
|
169,240
|
State Street Corp.
|
10/17/2025
|
2,402
|
|
GBP
|
1,287,679
|
USD
|
1,734,722
|
UBS AG
|
10/17/2025
|
6,327
|
|
HUF
|
13,257,408
|
USD
|
38,472
|
Goldman Sachs International
|
10/17/2025
|
558
|
|
JPY
|
5,375,834
|
USD
|
36,671
|
JPMorgan Chase Bank N.A.
|
10/17/2025
|
89
|
|
JPY
|
125,151,334
|
USD
|
852,550
|
State Street Corp.
|
10/17/2025
|
3,216
|
|
JPY
|
2,975,355
|
USD
|
20,251
|
UBS AG
|
10/17/2025
|
94
|
|
MXN
|
5,290,080
|
USD
|
281,981
|
Goldman Sachs International
|
10/17/2025
|
142
|
|
MXN
|
13,402,559
|
USD
|
710,625
|
State Street Corp.
|
10/17/2025
|
4,142
|
|
NOK
|
14,107,112
|
USD
|
1,394,377
|
Citibank N.A.
|
10/17/2025
|
9,378
|
|
NOK
|
183,536
|
USD
|
18,233
|
Deutsche Bank AG
|
10/17/2025
|
30
|
|
USD
|
4,371,686
|
AUD
|
6,649,825
|
State Street Corp.
|
10/17/2025
|
16,461
|
|
USD
|
69,723
|
BRL
|
377,306
|
Barclays Bank PLC
|
9/02/2025
|
133
|
|
USD
|
375,739
|
BRL
|
2,033,308
|
Citibank N.A.
|
9/02/2025
|
718
|
|
USD
|
393,276
|
CAD
|
537,876
|
HSBC Bank
|
10/17/2025
|
783
|
|
USD
|
1,363,582
|
CAD
|
1,863,342
|
Merrill Lynch International
|
10/17/2025
|
3,886
|
|
USD
|
2,210,809
|
CAD
|
3,014,967
|
State Street Corp.
|
10/17/2025
|
10,765
|
|
USD
|
390,576
|
CHF
|
307,610
|
JPMorgan Chase Bank N.A.
|
10/17/2025
|
4,041
|
|
USD
|
320,726
|
CHF
|
252,551
|
State Street Corp.
|
10/17/2025
|
3,377
|
|
USD
|
180,267
|
CLP
|
172,845,939
|
Citibank N.A.
|
10/10/2025
|
1,473
|
|
USD
|
228,002
|
EUR
|
193,501
|
HSBC Bank
|
10/17/2025
|
988
|
|
USD
|
116,645
|
EUR
|
99,126
|
JPMorgan Chase Bank N.A.
|
10/17/2025
|
351
|
|
USD
|
682,409
|
EUR
|
579,608
|
State Street Corp.
|
10/17/2025
|
2,416
|
|
USD
|
510,101
|
GBP
|
374,696
|
Citibank N.A.
|
10/17/2025
|
3,480
|
|
USD
|
364,573
|
GBP
|
269,042
|
State Street Corp.
|
10/17/2025
|
805
|
|
USD
|
530,213
|
IDR
|
8,627,238,000
|
Citibank N.A.
|
10/31/2025
|
7,649
|
|
USD
|
1,995,768
|
JPY
|
291,180,630
|
HSBC Bank
|
10/17/2025
|
4,716
|
|
USD
|
2,496,402
|
JPY
|
364,221,459
|
JPMorgan Chase Bank N.A.
|
10/17/2025
|
5,908
|
|
USD
|
732,415
|
JPY
|
106,830,972
|
State Street Corp.
|
10/17/2025
|
1,920
|
|
USD
|
809,790
|
KRW
|
1,120,798,565
|
Citibank N.A.
|
10/21/2025
|
1,701
|
|
USD
|
1,655,986
|
KRW
|
2,291,536,227
|
JPMorgan Chase Bank N.A.
|
10/21/2025
|
3,800
|
|
USD
|
142,227
|
NZD
|
239,038
|
Deutsche Bank AG
|
10/17/2025
|
981
|
|
USD
|
110,552
|
NZD
|
185,864
|
HSBC Bank
|
10/17/2025
|
725
|
|
USD
|
15,109
|
SGD
|
19,286
|
State Street Corp.
|
10/17/2025
|
24
|
|
USD
|
366,751
|
THB
|
11,879,079
|
Barclays Bank PLC
|
10/17/2025
|
1,797
|
|
|
|
|
|
|
|
$176,712
|
|
Liability Derivatives
|
||||||
|
AUD
|
594,595
|
USD
|
390,124
|
HSBC Bank
|
10/17/2025
|
$(701
)
|
|
AUD
|
722,253
|
USD
|
474,047
|
JPMorgan Chase Bank N.A.
|
10/17/2025
|
(1,016
)
|
|
AUD
|
11,430,545
|
USD
|
7,503,776
|
UBS AG
|
10/17/2025
|
(17,473
)
|
|
BRL
|
1,547,373
|
USD
|
285,942
|
Barclays Bank PLC
|
9/02/2025
|
(546
)
|
|
|
||||||
|
Forward Foreign Currency Exchange Contracts − continued
|
||||||
|
Currency
Purchased
|
Currency
Sold
|
Counterparty
|
Settlement
Date
|
Unrealized
Appreciation
(Depreciation)
|
||
|
Liability Derivatives − continued
|
||||||
|
BRL
|
863,241
|
USD
|
159,520
|
Citibank N.A.
|
9/02/2025
|
$(305
)
|
|
CAD
|
1,599,955
|
USD
|
1,172,641
|
UBS AG
|
10/17/2025
|
(5,141
)
|
|
CHF
|
151,595
|
USD
|
192,200
|
Barclays Bank PLC
|
10/17/2025
|
(1,710
)
|
|
CNH
|
1,405,916
|
USD
|
198,151
|
Citibank N.A.
|
10/17/2025
|
(67
)
|
|
EUR
|
49,983
|
USD
|
58,901
|
BNP Paribas
|
10/17/2025
|
(262
)
|
|
EUR
|
30,790
|
USD
|
36,272
|
Goldman Sachs International
|
10/17/2025
|
(150
)
|
|
EUR
|
1,907,608
|
USD
|
2,248,134
|
HSBC Bank
|
10/17/2025
|
(10,142
)
|
|
EUR
|
795,295
|
USD
|
934,611
|
State Street Corp.
|
10/17/2025
|
(1,575
)
|
|
GBP
|
74,527
|
USD
|
101,200
|
Citibank N.A.
|
10/17/2025
|
(433
)
|
|
GBP
|
376,644
|
USD
|
512,903
|
JPMorgan Chase Bank N.A.
|
10/17/2025
|
(3,649
)
|
|
GBP
|
100,462
|
USD
|
135,852
|
State Street Corp.
|
10/17/2025
|
(18
)
|
|
IDR
|
9,024,714,573
|
USD
|
548,935
|
Barclays Bank PLC
|
10/31/2025
|
(2,295
)
|
|
IDR
|
6,077,885,122
|
USD
|
375,155
|
Citibank N.A.
|
10/31/2025
|
(7,008
)
|
|
JPY
|
248,859,907
|
USD
|
1,703,568
|
HSBC Bank
|
10/17/2025
|
(1,898
)
|
|
JPY
|
37,535,097
|
USD
|
257,234
|
JPMorgan Chase Bank N.A.
|
10/17/2025
|
(575
)
|
|
JPY
|
96,195,632
|
USD
|
659,496
|
State Street Corp.
|
10/17/2025
|
(1,724
)
|
|
NZD
|
464,134
|
USD
|
279,436
|
HSBC Bank
|
10/17/2025
|
(5,181
)
|
|
NZD
|
609,387
|
USD
|
365,815
|
State Street Corp.
|
10/17/2025
|
(5,731
)
|
|
SGD
|
6,285
|
USD
|
4,923
|
Barclays Bank PLC
|
10/17/2025
|
(7
)
|
|
THB
|
11,879,079
|
USD
|
366,367
|
Barclays Bank PLC
|
10/17/2025
|
(1,412
)
|
|
USD
|
11,966
|
AUD
|
18,304
|
HSBC Bank
|
10/17/2025
|
(22
)
|
|
USD
|
1,920,598
|
AUD
|
2,954,955
|
State Street Corp.
|
10/17/2025
|
(14,717
)
|
|
USD
|
11,210,049
|
AUD
|
17,190,216
|
UBS AG
|
10/17/2025
|
(48,483
)
|
|
USD
|
284,705
|
BRL
|
1,547,373
|
Barclays Bank PLC
|
9/02/2025
|
(691
)
|
|
USD
|
67,948
|
BRL
|
377,306
|
Barclays Bank PLC
|
11/28/2025
|
(202
)
|
|
USD
|
149,469
|
BRL
|
863,241
|
Citibank N.A.
|
9/02/2025
|
(9,747
)
|
|
USD
|
756,363
|
CAD
|
1,038,496
|
State Street Corp.
|
10/17/2025
|
(1,434
)
|
|
USD
|
199,637
|
CHF
|
159,217
|
Goldman Sachs International
|
10/17/2025
|
(431
)
|
|
USD
|
180,595
|
CLP
|
176,445,826
|
Citibank N.A.
|
10/10/2025
|
(1,923
)
|
|
USD
|
2,525,867
|
CNH
|
18,029,106
|
Barclays Bank PLC
|
10/17/2025
|
(14,307
)
|
|
USD
|
1,052,826
|
CNH
|
7,514,221
|
BNP Paribas
|
10/17/2025
|
(5,875
)
|
|
USD
|
182,330
|
CNH
|
1,304,740
|
Merrill Lynch International
|
10/17/2025
|
(1,498
)
|
|
USD
|
1,052,677
|
CNH
|
7,514,221
|
State Street Corp.
|
10/17/2025
|
(6,023
)
|
|
USD
|
273,872
|
CZK
|
5,746,672
|
Citibank N.A.
|
10/17/2025
|
(1,334
)
|
|
USD
|
233,537
|
CZK
|
4,946,083
|
HSBC Bank
|
10/17/2025
|
(3,329
)
|
|
USD
|
17,319,473
|
EUR
|
14,788,875
|
Barclays Bank PLC
|
10/17/2025
|
(30,745
)
|
|
USD
|
6,065,087
|
EUR
|
5,176,271
|
Citibank N.A.
|
10/17/2025
|
(7,682
)
|
|
USD
|
5,008,134
|
EUR
|
4,276,355
|
Deutsche Bank AG
|
10/17/2025
|
(8,860
)
|
|
USD
|
1,001,966
|
EUR
|
857,231
|
HSBC Bank
|
10/17/2025
|
(3,730
)
|
|
USD
|
551,624
|
EUR
|
472,049
|
State Street Corp.
|
10/17/2025
|
(2,182
)
|
|
USD
|
2,422,514
|
GBP
|
1,797,864
|
Goldman Sachs International
|
10/17/2025
|
(8,349
)
|
|
USD
|
3,424,987
|
GBP
|
2,542,470
|
HSBC Bank
|
10/17/2025
|
(12,646
)
|
|
USD
|
1,368,458
|
GBP
|
1,015,742
|
State Street Corp.
|
10/17/2025
|
(4,911
)
|
|
USD
|
163,945
|
JPY
|
24,091,397
|
HSBC Bank
|
10/17/2025
|
(788
)
|
|
USD
|
1,180,086
|
JPY
|
172,874,620
|
JPMorgan Chase Bank N.A.
|
10/17/2025
|
(2,006
)
|
|
USD
|
276,630
|
MXN
|
5,245,294
|
State Street Corp.
|
10/17/2025
|
(3,105
)
|
|
USD
|
372,420
|
NOK
|
3,757,923
|
BNP Paribas
|
10/17/2025
|
(1,519
)
|
|
USD
|
69,900
|
NOK
|
722,599
|
Citibank N.A.
|
10/17/2025
|
(2,003
)
|
|
USD
|
359,385
|
NOK
|
3,624,133
|
Goldman Sachs International
|
10/17/2025
|
(1,241
)
|
|
USD
|
113,650
|
NOK
|
1,167,647
|
HSBC Bank
|
10/17/2025
|
(2,539
)
|
|
USD
|
1,031,373
|
NOK
|
10,491,242
|
Merrill Lynch International
|
10/17/2025
|
(12,578
)
|
|
|
|
|
|
|
|
$(283,919
)
|
|
Futures Contracts
|
||||||
|
Description
|
Long/
Short
|
Currency
|
Contracts
|
Notional
Amount
|
Expiration
Date
|
Value/Unrealized
Appreciation
(Depreciation)
|
|
Asset Derivatives
|
||||||
|
Interest Rate Futures
|
||||||
|
Canadian Treasury Bond 10 yr
|
Long
|
CAD
|
16
|
$1,403,983
|
December – 2025
|
$5,662
|
|
Canadian Treasury Bond 5 yr
|
Long
|
CAD
|
38
|
3,162,355
|
December – 2025
|
8,648
|
|
Euro-Bund 10 yr
|
Short
|
EUR
|
5
|
757,803
|
September – 2025
|
748
|
|
Euro-Buxl 30 yr
|
Short
|
EUR
|
4
|
533,287
|
September – 2025
|
23,529
|
|
Euro-Schatz 2 yr
|
Short
|
EUR
|
123
|
15,405,687
|
September – 2025
|
51,570
|
|
Long Gilt 10 yr
|
Long
|
GBP
|
6
|
734,081
|
December – 2025
|
1,046
|
|
U.S. Treasury Note 2 yr
|
Long
|
USD
|
24
|
5,004,937
|
December – 2025
|
101
|
|
|
|
|
|
|
|
$91,304
|
|
Liability Derivatives
|
||||||
|
Interest Rate Futures
|
||||||
|
Euro-Bobl 5 yr
|
Short
|
EUR
|
15
|
$2,061,247
|
September – 2025
|
$(212
)
|
|
Euro-BTP 10 yr
|
Long
|
EUR
|
13
|
1,828,846
|
September – 2025
|
(9,882
)
|
|
U.S. Treasury Bond 30 yr
|
Long
|
USD
|
2
|
228,500
|
December – 2025
|
(117
)
|
|
U.S. Treasury Note 10 yr
|
Short
|
USD
|
109
|
12,262,500
|
December – 2025
|
(48,089
)
|
|
U.S. Treasury Note 5 yr
|
Short
|
USD
|
175
|
19,157,031
|
December – 2025
|
(41,108
)
|
|
U.S. Treasury Ultra Note 10 yr
|
Short
|
USD
|
52
|
5,949,125
|
December – 2025
|
(18,127
)
|
|
|
|
|
|
|
|
$(117,535
)
|
|
Cleared Swap Agreements
|
||||||||
|
Maturity
Date
|
Notional
Amount
|
Counterparty
|
Cash Flows
to Receive/
Frequency
|
Cash Flows
to Pay/
Frequency
|
Unrealized
Appreciation
(Depreciation)
|
Net Unamortized
Upfront Payments
(Receipts)
|
Value
|
|
|
Asset Derivatives
|
|
|
|
|||||
|
Interest Rate Swaps
|
|
|
|
|||||
|
11/18/29
|
CNY
|
15,300,000
|
centrally cleared
|
1.6445% / Quarterly
|
CFRR / Quarterly
|
$4,501
|
$—
|
$4,501
|
|
Inflation Swaps
|
|
|
|
|||||
|
6/17/27
|
USD
|
3,900,000
|
centrally cleared
|
CPI-U / At Maturity
|
2.745% / At Maturity
|
$24,241
|
$—
|
$24,241
|
|
1/10/30
|
USD
|
3,400,000
|
centrally cleared
|
CPI-U / At Maturity
|
2.523% / At Maturity
|
37,270
|
—
|
37,270
|
|
3/13/30
|
USD
|
800,000
|
centrally cleared
|
CPI-U / At Maturity
|
2.463% / At Maturity
|
11,323
|
—
|
11,323
|
|
6/15/30
|
EUR
|
1,300,000
|
centrally cleared
|
HICP / At Maturity
|
1.8312% / At Maturity
|
4,482
|
—
|
4,482
|
|
|
|
|
|
|
|
$77,316
|
$—
|
$77,316
|
|
|
|
|
|
|
|
$81,817
|
$—
|
$81,817
|
|
Liability Derivatives
|
|
|
|
|||||
|
Interest Rate Swaps
|
|
|
|
|||||
|
12/13/29
|
CNY
|
4,800,000
|
centrally cleared
|
1.49% / Quarterly
|
CFRR / Quarterly
|
$(3,132
)
|
$9
|
$(3,123
)
|
|
Financial Instruments
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Equity Securities:
|
|
|
|
|
|
United States
|
$—
|
$—
|
$92,133
|
$92,133
|
|
United Kingdom
|
—
|
3,642
|
—
|
3,642
|
|
U.S. Treasury Bonds & U.S. Government Agencies & Equivalents
|
—
|
55,328,525
|
—
|
55,328,525
|
|
Non - U.S. Sovereign Debt
|
—
|
61,825,331
|
—
|
61,825,331
|
|
Municipal Bonds
|
—
|
753,929
|
—
|
753,929
|
|
U.S. Corporate Bonds
|
—
|
177,331,738
|
—
|
177,331,738
|
|
Residential Mortgage-Backed Securities
|
—
|
7,210,653
|
—
|
7,210,653
|
|
Commercial Mortgage-Backed Securities
|
—
|
4,631,713
|
—
|
4,631,713
|
|
Asset-Backed Securities (including CDOs)
|
—
|
3,429,566
|
—
|
3,429,566
|
|
Foreign Bonds
|
—
|
50,158,891
|
—
|
50,158,891
|
|
Investment Companies
|
13,675,925
|
—
|
—
|
13,675,925
|
|
Total
|
$13,675,925
|
$360,673,988
|
$92,133
|
$374,442,046
|
|
Other Financial Instruments
|
|
|
|
|
|
Futures Contracts – Assets
|
$91,304
|
$—
|
$—
|
$91,304
|
|
Futures Contracts – Liabilities
|
(117,535
)
|
—
|
—
|
(117,535
)
|
|
Forward Foreign Currency Exchange Contracts – Assets
|
—
|
176,712
|
—
|
176,712
|
|
Forward Foreign Currency Exchange Contracts – Liabilities
|
—
|
(283,919
)
|
—
|
(283,919
)
|
|
Swap Agreements – Assets
|
—
|
81,817
|
—
|
81,817
|
|
Swap Agreements – Liabilities
|
—
|
(3,123
)
|
—
|
(3,123
)
|
|
|
Equity
Securities
|
|
Balance as of 11/30/24
|
$139,956
|
|
Change in unrealized appreciation or depreciation
|
52,206
|
|
Partial liquidation proceeds
|
(100,029)
|
|
Balance as of 8/31/25
|
$92,133
|
|
Affiliated Issuers
|
Beginning
Value
|
Purchases
|
Sales
Proceeds
|
Realized
Gain
(Loss)
|
Change in
Unrealized
Appreciation or
Depreciation
|
Ending
Value
|
|
MFS Institutional Money Market Portfolio
|
$7,654,771
|
$100,464,444
|
$94,443,802
|
$(361
)
|
$873
|
$13,675,925
|
|
Affiliated Issuers
|
Dividend
Income
|
Capital Gain
Distributions
|
|
MFS Institutional Money Market Portfolio
|
$259,372
|
$—
|
