|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – 59.9%
|
||||
|
Aerospace & Defense – 1.1%
|
|
|||
|
Boeing Co. (a)
|
|
5,743
|
$1,342,254
|
|
|
General Dynamics Corp.
|
|
17,567
|
6,167,598
|
|
|
L3Harris Technologies, Inc.
|
|
12,073
|
4,139,228
|
|
|
Leidos Holdings, Inc.
|
|
14,802
|
2,786,921
|
|
|
|
|
|
|
$14,436,001
|
|
Airlines – 0.1%
|
|
|||
|
Ryanair Holdings PLC, ADR
|
|
33,064
|
$1,121,295
|
|
|
Alcoholic Beverages – 1.1%
|
|
|||
|
Ambev S.A.
|
|
1,931,500
|
$5,450,150
|
|
|
Diageo PLC
|
|
200,483
|
4,596,414
|
|
|
Heineken N.V.
|
|
53,717
|
4,415,117
|
|
|
|
|
|
|
$14,461,681
|
|
Apparel Manufacturers – 0.3%
|
|
|||
|
Chow Tai Fook Jewellery Group
|
|
775,000
|
$1,428,553
|
|
|
Compagnie Financiere Richemont S.A.
|
|
6,217
|
1,202,707
|
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
|
1,690
|
1,095,573
|
|
|
|
|
|
|
$3,726,833
|
|
Automotive – 1.4%
|
|
|||
|
Aptiv PLC (a)
|
|
64,466
|
$4,883,300
|
|
|
Compagnie Generale des Etablissements Michelin
|
|
126,600
|
4,704,547
|
|
|
Lear Corp.
|
|
33,917
|
3,971,342
|
|
|
LKQ Corp.
|
|
104,357
|
3,428,127
|
|
|
PT Astra International Tbk
|
|
3,701,200
|
1,400,216
|
|
|
|
|
|
|
$18,387,532
|
|
Broadcasting – 0.8%
|
|
|||
|
Omnicom Group, Inc.
|
|
100,152
|
$7,715,710
|
|
|
Publicis Groupe
|
|
29,560
|
2,950,279
|
|
|
|
|
|
|
$10,665,989
|
|
Brokerage & Asset Managers – 1.8%
|
|
|||
|
Charles Schwab Corp.
|
|
159,707
|
$16,596,751
|
|
|
CME Group, Inc.
|
|
17,400
|
5,029,644
|
|
|
IG Group Holdings PLC
|
|
38,860
|
718,914
|
|
|
|
|
|
|
$22,345,309
|
|
Business Services – 1.0%
|
|
|||
|
Accenture PLC, “A”
|
|
7,516
|
$1,981,518
|
|
|
Cognizant Technology Solutions Corp., “A”
|
|
14,170
|
1,162,790
|
|
|
Fidelity National Information Services, Inc.
|
|
50,476
|
2,788,799
|
|
|
Fiserv, Inc. (a)
|
|
25,457
|
1,622,375
|
|
|
Sodexo
|
|
67,747
|
3,464,311
|
|
|
Tata Consultancy Services Ltd.
|
|
33,035
|
1,121,870
|
|
|
Verisk Analytics, Inc., “A”
|
|
3,490
|
758,935
|
|
|
|
|
|
|
$12,900,598
|
|
Chemicals – 0.5%
|
|
|||
|
FUJIFILM Holdings Corp.
|
|
91,500
|
$1,825,152
|
|
|
PPG Industries, Inc.
|
|
37,759
|
4,366,073
|
|
|
|
|
|
|
$6,191,225
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Computer Software – 0.8%
|
|
|||
|
Microsoft Corp.
|
|
20,355
|
$8,758,553
|
|
|
Salesforce, Inc.
|
|
6,155
|
1,306,645
|
|
|
|
|
|
|
$10,065,198
|
|
Computer Software - Systems – 2.8%
|
|
|||
|
Amadeus IT Group S.A.
|
|
55,472
|
$3,722,976
|
|
|
Capgemini
|
|
37,612
|
5,849,340
|
|
|
Hitachi Ltd.
|
|
196,200
|
6,796,512
|
|
|
Hon Hai Precision Industry Co. Ltd.
|
|
570,000
|
3,993,804
|
|
|
Lenovo Group Ltd.
|
|
484,000
|
550,162
|
|
|
NEC Corp.
|
|
136,300
|
4,588,544
|
|
|
Samsung Electronics Co. Ltd.
|
|
73,501
|
8,195,714
|
|
|
Seagate Technology Holdings PLC
|
|
5,747
|
2,342,994
|
|
|
|
|
|
|
$36,040,046
|
|
Conglomerates – 0.3%
|
|
|||
|
Honeywell International, Inc.
|
|
14,591
|
$3,319,744
|
|
|
Construction – 1.2%
|
|
|||
|
Anhui Conch Cement Co. Ltd.
|
|
432,000
|
$1,372,517
|
|
|
Compagnie de Saint-Gobain S.A.
|
|
20,131
|
1,985,819
|
|
|
Masco Corp.
|
|
84,466
|
5,582,358
|
|
|
Midea Group Co. Ltd., “A”
|
|
136,200
|
1,520,869
|
|
|
Techtronic Industries Co. Ltd.
|
|
337,000
|
4,594,219
|
|
|
|
|
|
|
$15,055,782
|
|
Consumer Products – 2.2%
|
|
|||
|
Colgate-Palmolive Co.
|
|
84,636
|
$7,641,785
|
|
|
Haleon PLC
|
|
841,455
|
4,362,673
|
|
|
Kenvue, Inc.
|
|
465,123
|
8,093,140
|
|
|
Kimberly-Clark Corp.
|
|
47,262
|
4,725,727
|
|
|
Reckitt Benckiser Group PLC (a)
|
|
34,972
|
2,915,262
|
|
|
|
|
|
|
$27,738,587
|
|
Consumer Services – 0.1%
|
|
|||
|
Airbnb, Inc., “A” (a)
|
|
10,389
|
$1,344,025
|
|
|
Containers – 0.2%
|
|
|||
|
Smurfit Westrock PLC
|
|
52,572
|
$2,188,572
|
|
|
Electrical Equipment – 1.8%
|
|
|||
|
Amphenol Corp., “A”
|
|
5,617
|
$809,297
|
|
|
Eaton Corp. PLC
|
|
7,096
|
2,493,676
|
|
|
Johnson Controls International PLC
|
|
22,172
|
2,644,233
|
|
|
Legrand S.A.
|
|
18,675
|
2,988,416
|
|
|
Mitsubishi Electric Corp.
|
|
217,200
|
6,778,728
|
|
|
Schneider Electric SE
|
|
23,627
|
6,785,918
|
|
|
|
|
|
|
$22,500,268
|
|
Electronics – 1.5%
|
|
|||
|
Intel Corp. (a)
|
|
55,048
|
$2,558,081
|
|
|
Kyocera Corp.
|
|
344,200
|
5,133,197
|
|
|
Lam Research Corp.
|
|
14,097
|
3,291,086
|
|
|
NVIDIA Corp.
|
|
6,775
|
1,294,906
|
|
|
NXP Semiconductors N.V.
|
|
25,645
|
5,799,360
|
|
|
SK Square Co. Ltd. (a)
|
|
2,697
|
1,068,007
|
|
|
|
|
|
|
$19,144,637
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Energy - Independent – 1.2%
|
|
|||
|
ConocoPhillips
|
|
66,313
|
$6,911,804
|
|
|
Phillips 66
|
|
45,528
|
6,536,000
|
|
|
Woodside Energy Group Ltd.
|
|
81,968
|
1,448,079
|
|
|
|
|
|
|
$14,895,883
|
|
Energy - Integrated – 3.4%
|
|
|||
|
Cenovus Energy, Inc.
|
|
155,742
|
$3,073,321
|
|
|
Chevron Corp.
|
|
22,913
|
4,053,310
|
|
|
Eni S.p.A.
|
|
519,976
|
10,617,306
|
|
|
Exxon Mobil Corp.
|
|
45,704
|
6,462,546
|
|
|
PetroChina Co. Ltd.
|
|
3,122,000
|
3,708,626
|
|
|
Suncor Energy, Inc.
|
|
123,216
|
6,512,581
|
|
|
TotalEnergies SE
|
|
124,071
|
8,993,181
|
|
|
|
|
|
|
$43,420,871
|
|
Engineering - Construction – 0.1%
|
|
|||
|
Doosan Bobcat, Inc.
|
|
34,748
|
$1,419,468
|
|
|
Food & Beverages – 0.9%
|
|
|||
|
Danone S.A.
|
|
41,324
|
$3,225,067
|
|
|
General Mills, Inc.
|
|
59,160
|
2,736,742
|
|
|
Inner Mongolia Yili Industrial Group Co. Ltd., “A”
|
|
137,100
|
519,711
|
|
|
PepsiCo, Inc.
|
|
11,478
|
1,763,365
|
|
|
Tyson Foods, Inc., “A”
|
|
30,962
|
2,022,748
|
|
|
WH Group Ltd.
|
|
1,062,500
|
1,248,544
|
|
|
|
|
|
|
$11,516,177
|
|
Food & Drug Stores – 1.3%
|
|
|||
|
Albertsons Cos., Inc., “A”
|
|
66,532
|
$1,107,758
|
|
|
Seven & I Holdings Co. Ltd.
|
|
302,300
|
4,318,850
|
|
|
Tesco PLC
|
|
2,015,549
|
11,726,916
|
|
|
|
|
|
|
$17,153,524
|
|
Gaming & Lodging – 0.1%
|
|
|||
|
FDJ United
|
|
33,405
|
$884,589
|
|
|
OPAP S.A.
|
|
11,483
|
231,393
|
|
|
|
|
|
|
$1,115,982
|
|
Health Maintenance Organizations – 1.3%
|
|
|||
|
Cigna Group
|
|
51,509
|
$14,119,132
|
|
|
Humana, Inc.
|
|
11,737
|
2,291,062
|
|
|
|
|
|
|
$16,410,194
|
|
Insurance – 3.0%
|
|
|||
|
Aon PLC
|
|
27,428
|
$9,589,926
|
|
|
Chubb Ltd.
|
|
23,389
|
7,240,299
|
|
|
DB Insurance Co. Ltd.
|
|
5,706
|
565,288
|
|
|
Equitable Holdings, Inc.
|
|
56,183
|
2,606,891
|
|
|
Hartford Insurance Group, Inc.
|
|
16,699
|
2,255,367
|
|
|
Manulife Financial Corp.
|
|
105,996
|
4,037,758
|
|
|
MetLife, Inc.
|
|
39,365
|
3,105,111
|
|
|
Sompo Holdings, Inc.
|
|
66,400
|
2,280,837
|
|
|
Willis Towers Watson PLC
|
|
20,300
|
6,444,641
|
|
|
|
|
|
|
$38,126,118
|
|
Interactive Media Services – 0.2%
|
|
|||
|
Baidu, Inc., ADR (a)(l)
|
|
11,300
|
$1,730,934
|
|
|
Versant Media Group, Inc. (a)
|
|
9,255
|
301,528
|
|
|
|
|
|
|
$2,032,462
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Leisure & Toys – 0.3%
|
|
|||
|
Brunswick Corp.
|
|
24,848
|
$1,993,307
|
|
|
NetEase, Inc.
|
|
90,900
|
2,385,338
|
|
|
|
|
|
|
$4,378,645
|
|
Machinery & Tools – 0.8%
|
|
|||
|
AGCO Corp.
|
|
11,078
|
$1,256,356
|
|
|
Daikin Industries Ltd.
|
|
9,600
|
1,152,856
|
|
|
Finning International, Inc.
|
|
35,590
|
2,231,873
|
|
|
GEA Group AG
|
|
15,631
|
1,119,104
|
|
|
Regal Rexnord Corp.
|
|
18,892
|
3,051,058
|
|
|
Wabtec Corp.
|
|
6,020
|
1,385,443
|
|
|
|
|
|
|
$10,196,690
|
|
Major Banks – 7.2%
|
|
|||
|
ABN AMRO Group N.V., GDR
|
|
162,279
|
$5,974,621
|
|
|
Banca Mediolanum S.p.A.
|
|
30,675
|
718,486
|
|
|
Bank of America Corp.
|
|
184,084
|
9,793,269
|
|
|
BNP Paribas S.A.
|
|
134,539
|
14,544,193
|
|
|
DBS Group Holdings Ltd.
|
|
57,190
|
2,661,464
|
|
|
Goldman Sachs Group, Inc.
|
|
4,153
|
3,884,758
|
|
|
JPMorgan Chase & Co.
|
|
13,491
|
4,126,762
|
|
|
Mitsubishi UFJ Financial Group, Inc.
|
|
418,500
|
7,583,893
|
|
|
National Bank of Greece S.A.
|
|
24,757
|
437,691
|
|
|
NatWest Group PLC
|
|
2,109,751
|
19,203,511
|
|
|
PNC Financial Services Group, Inc.
|
|
16,248
|
3,628,178
|
|
|
Regions Financial Corp.
|
|
32,569
|
928,216
|
|
|
UBS Group AG
|
|
319,728
|
15,050,646
|
|
|
Wells Fargo & Co.
|
|
29,702
|
2,687,734
|
|
|
|
|
|
|
$91,223,422
|
|
Medical & Health Technology & Services – 0.4%
|
|
|||
|
Fresenius Medical Care AG
|
|
17,418
|
$782,706
|
|
|
ICON PLC (a)
|
|
23,664
|
4,265,436
|
|
|
|
|
|
|
$5,048,142
|
|
Medical Equipment – 2.6%
|
|
|||
|
Agilent Technologies, Inc.
|
|
21,505
|
$2,878,444
|
|
|
Becton, Dickinson and Co.
|
|
68,872
|
14,014,074
|
|
|
Medtronic PLC
|
|
138,551
|
14,265,211
|
|
|
Waters Corp. (a)
|
|
5,012
|
1,858,049
|
|
|
|
|
|
|
$33,015,778
|
|
Metals & Mining – 1.8%
|
|
|||
|
Glencore PLC
|
|
909,289
|
$6,211,796
|
|
|
Rio Tinto PLC
|
|
82,097
|
7,569,296
|
|
|
Toyota Tsusho Corp.
|
|
178,000
|
6,447,842
|
|
|
Vale S.A.
|
|
131,500
|
2,106,899
|
|
|
|
|
|
|
$22,335,833
|
|
Natural Gas - Distribution – 0.3%
|
|
|||
|
Atmos Energy Corp.
|
|
23,754
|
$3,951,240
|
|
|
Natural Gas - Pipeline – 0.1%
|
|
|||
|
APA Group
|
|
119,923
|
$739,884
|
|
|
Network & Telecom – 0.3%
|
|
|||
|
LM Ericsson Telephone Co., “B”
|
|
350,888
|
$3,807,672
|
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Oil Services – 0.3%
|
|
|||
|
Tenaris S.A.
|
|
147,908
|
$3,289,055
|
|
|
Other Banks & Diversified Financials – 2.2%
|
|
|||
|
China Construction Bank Corp.
|
|
4,877,000
|
$4,938,118
|
|
|
Grupo Financiero Banorte S.A. de C.V.
|
|
82,558
|
933,336
|
|
|
Julius Baer Group Ltd.
|
|
55,767
|
4,661,618
|
|
|
M&T Bank Corp.
|
|
5,963
|
1,321,222
|
|
|
Northern Trust Corp.
|
|
96,255
|
14,383,385
|
|
|
Popular, Inc.
|
|
13,431
|
1,793,441
|
|
|
Sberbank of Russia PJSC (a)(u)
|
|
780,516
|
0
|
|
|
|
|
|
|
$28,031,120
|
|
Pharmaceuticals – 5.1%
|
|
|||
|
AbbVie, Inc.
|
|
23,140
|
$5,160,451
|
|
|
Johnson & Johnson
|
|
74,578
|
16,947,851
|
|
|
Novartis AG
|
|
39,091
|
5,796,016
|
|
|
Pfizer, Inc.
|
|
612,798
|
16,202,379
|
|
|
Roche Holding AG
|
|
28,891
|
13,106,621
|
|
|
Sandoz Group AG
|
|
24,610
|
1,947,662
|
|
|
Sanofi
|
|
59,121
|
5,550,263
|
|
|
|
|
|
|
$64,711,243
|
|
Printing & Publishing – 0.5%
|
|
|||
|
Informa PLC
|
|
330,234
|
$3,976,506
|
|
|
Wolters Kluwer N.V.
|
|
21,367
|
1,997,823
|
|
|
|
|
|
|
$5,974,329
|
|
Railroad & Shipping – 0.4%
|
|
|||
|
Union Pacific Corp.
|
|
19,078
|
$4,485,238
|
|
|
Yangzijiang Shipbuilding Holdings Ltd.
|
|
470,300
|
1,234,810
|
|
|
|
|
|
|
$5,720,048
|
|
Real Estate – 0.2%
|
|
|||
|
Essential Properties Realty Trust, REIT
|
|
39,328
|
$1,193,998
|
|
|
NNN REIT, Inc.
|
|
19,579
|
815,857
|
|
|
|
|
|
|
$2,009,855
|
|
Real Estate - Office – 0.2%
|
|
|||
|
Cousins Properties, Inc., REIT
|
|
28,267
|
$713,459
|
|
|
Highwoods Properties, Inc., REIT
|
|
52,257
|
1,350,844
|
|
|
|
|
|
|
$2,064,303
|
|
Restaurants – 0.3%
|
|
|||
|
Aramark
|
|
112,084
|
$4,314,113
|
|
|
Specialty Chemicals – 0.7%
|
|
|||
|
Akzo Nobel N.V. (l)
|
|
42,657
|
$2,998,414
|
|
|
Axalta Coating Systems Ltd. (a)
|
|
51,196
|
1,719,161
|
|
|
Nitto Denko Corp.
|
|
63,000
|
1,394,663
|
|
|
Shin-Etsu Chemical Co. Ltd.
|
|
87,800
|
2,909,836
|
|
|
|
|
|
|
$9,022,074
|
|
Specialty Stores – 0.3%
|
|
|||
|
Bath & Body Works, Inc.
|
|
27,995
|
$610,291
|
|
|
Home Depot, Inc.
|
|
6,580
|
2,464,802
|
|
|
Shimamura Co. Ltd.
|
|
16,000
|
1,072,629
|
|
|
|
|
|
|
$4,147,722
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Telecom Services – 1.4%
|
|
|||
|
Comcast Corp., “A”
|
|
231,394
|
$6,883,971
|
|
|
Hellenic Telecommunications Organization S.A.
|
|
99,094
|
1,852,361
|
|
|
KDDI Corp.
|
|
327,400
|
5,514,139
|
|
|
Koninklijke KPN N.V.
|
|
652,182
|
3,175,747
|
|
|
PT Telekom Indonesia
|
|
2,528,400
|
542,284
|
|
|
|
|
|
|
$17,968,502
|
|
Tobacco – 1.7%
|
|
|||
|
Altria Group, Inc.
|
|
35,765
|
$2,217,072
|
|
|
British American Tobacco PLC
|
|
183,577
|
10,992,406
|
|
|
Philip Morris International, Inc.
|
|
50,317
|
9,028,883
|
|
|
|
|
|
|
$22,238,361
|
|
Utilities - Electric Power – 2.3%
|
|
|||
|
CLP Holdings Ltd.
|
|
192,000
|
$1,817,488
|
|
|
Duke Energy Corp.
|
|
22,036
|
2,674,069
|
|
|
E.ON SE
|
|
281,885
|
5,969,275
|
|
|
Edison International
|
|
54,283
|
3,380,745
|
|
|
National Grid PLC
|
|
563,584
|
9,520,219
|
|
|
PG&E Corp.
|
|
307,250
|
4,737,795
|
|
|
Xcel Energy, Inc.
|
|
14,980
|
1,139,379
|
|
|
|
|
|
|
$29,238,970
|
|
Total Common Stocks
|
|
$761,151,002
|
||
|
Bonds – 36.2%
|
||||
|
Aerospace & Defense – 0.1%
|
||||
|
Boeing Co., 5.805%, 5/01/2050
|
|
$
|
671,000
|
$662,718
|
|
Huntington Ingalls Industries, Inc., 4.2%, 5/01/2030
|
|
|
310,000
|
307,585
|
|
Huntington Ingalls Industries, Inc., 5.749%, 1/15/2035
|
|
|
394,000
|
415,775
|
|
|
|
|
|
$1,386,078
|
|
Asset-Backed & Securitized – 2.0%
|
||||
|
3650R Commercial Mortgage Trust, 2021-PF1, “XA”, 0.992%, 11/15/2054 (i)
|
|
$
|
7,060,644
|
$244,955
|
|
AA Bond Co. Ltd., 5.5%, 7/31/2032
|
|
GBP
|
300,000
|
409,178
|
|
ACREC 2021-FL1 Ltd., “C”, FLR, 5.941% ((SOFR - 1mo. + 0.11448%) + 2.15%), 10/16/2036 (n)
|
|
$
|
1,125,500
|
1,125,381
|
|
Angel Oak Mortgage Trust, 2024-12, “A1”, 5.653%, 10/25/2069 (n)
|
|
|
1,234,436
|
1,247,646
|
|
Angel Oak Mortgage Trust, 2024-13, “A1”, 5.464%, 12/26/2069 (n)
|
|
|
386,001
|
389,351
|
|
Angel Oak Mortgage Trust, 2024-9, “A1”, 5.138%, 9/25/2069 (n)
|
|
|
963,474
|
967,558
|
|
Angel Oak Mortgage Trust, 2025-1, “A2”, 5.844%, 1/25/2070 (n)
|
|
|
529,857
|
535,782
|
|
AREIT 2022-CRE6 Trust, “B”, FLR, 5.552% (SOFR - 30 day + 1.85%), 1/20/2037 (n)
|
|
|
620,000
|
616,966
|
|
AREIT 2022-CRE6 Trust, “C”, FLR, 5.852% (SOFR - 30 day + 2.15%), 1/20/2037 (n)
|
|
|
312,000
|
308,718
|
|
Bain Capital Credit CLO Ltd., 2021-7A, “BR”, FLR, 5.169% (SOFR - 3mo. + 1.5%), 1/22/2035 (n)
|
|
|
1,365,087
|
1,365,326
|
|
BBCMS Mortgage Trust, 2020-C7, “XA”, 1.592%, 4/15/2053 (i)
|
|
|
1,374,735
|
58,382
|
|
BBCMS Mortgage Trust, 2021-C10, “XA”, 1.206%, 7/15/2054 (i)
|
|
|
5,240,867
|
251,164
|
|
BBCMS Mortgage Trust, 2021-C9, “XA”, 1.544%, 2/15/2054 (i)
|
|
|
5,097,507
|
309,471
|
|
Benchmark 2021-B24 Mortgage Trust, “XA”, 1.128%, 3/15/2054 (i)
|
|
|
4,560,595
|
180,018
|
|
Benchmark 2021-B26 Mortgage Trust, “XA”, 0.844%, 6/15/2054 (i)
|
|
|
10,311,247
|
322,108
|
|
Benchmark 2021-B27 Mortgage Trust, “XA”, 1.232%, 7/15/2054 (i)
|
|
|
13,529,161
|
620,096
|
|
Benchmark 2021-B28 Mortgage Trust, “XA”, 1.238%, 8/15/2054 (i)
|
|
|
12,788,934
|
609,793
|
|
Business Jet Securities LLC, 2024-1A, “A”, 6.197%, 5/15/2039 (n)
|
|
|
377,527
|
385,879
|
|
BX Trust, 2024-PURE, “A”, FLR, 4.152% (CORRA + 1.9%), 11/15/2041 (n)
|
|
CAD
|
960,201
|
706,472
|
|
CF Hippolyta Issuer LLC, 2020-1, “A1”, 1.69%, 7/15/2060 (n)
|
|
$
|
361,969
|
304,154
|
|
Chesapeake Funding II LLC, 2023-1A, “A1”, 5.65%, 5/15/2035 (n)
|
|
|
148,520
|
149,205
|
|
Colt Funding LLC, 2024-1, “A1”, 5.835%, 2/25/2069 (n)
|
|
|
358,483
|
360,830
|
|
Colt Funding LLC, 2024-6, “A1”, 5.39%, 11/25/2069 (n)
|
|
|
303,174
|
305,530
|
|
Commercial Mortgage Pass-Through Certificates, 2021-BN32, “XA”, 0.757%, 4/15/2054 (i)
|
|
|
6,712,102
|
187,186
|
|
Commercial Mortgage Pass-Through Certificates, 2021-BN34, “XA”, 0.957%, 6/15/2063 (i)
|
|
|
6,529,670
|
233,282
|
|
Commercial Mortgage Pass-Through Certificates, 2021-BN35, “XA”, 1.024%, 6/15/2064 (i)
|
|
|
6,092,309
|
241,441
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Asset-Backed & Securitized – continued
|
||||
|
Commercial Mortgage Pass-Through Certificates, 2022-BNK41, “AS”, 3.789%, 4/15/2065
|
|
$
|
1,304,000
|
$1,221,978
|
|
ELM Trust, 2024-ELM, “A10”, 5.994%, 6/10/2039 (n)
|
|
|
833,333
|
838,014
|
|
ELM Trust, 2024-ELM, “B10”, 6.195%, 6/10/2039 (n)
|
|
|
607,994
|
611,405
|
|
Empire District Bondco LLC, 4.943%, 1/01/2033
|
|
|
625,469
|
634,710
|
|
Enterprise Fleet Financing 2024-3 LLC, “A2”, 5.31%, 4/20/2027 (n)
|
|
|
117,583
|
117,976
|
|
Enterprise Fleet Financing 2025-1 LLC, “A2”, 4.65%, 10/20/2027 (n)
|
|
|
119,489
|
119,946
|
|
Enterprise Fleet Financing 2025-4 LLC, “A2”, 4.05%, 8/20/2028 (n)
|
|
|
586,000
|
587,126
|
|
EQT Trust, 2024-EXTR, “A”, 5.331%, 7/05/2041 (n)
|
|
|
543,479
|
554,952
|
|
EQT Trust, 2024-EXTR, “B”, 5.654%, 7/05/2041 (n)
|
|
|
364,160
|
370,982
|
|
Fortress CBO Investments Ltd., 2022-FL3, “AS”, FLR, 5.947% (SOFR - 30 day + 2.25%), 2/23/2039 (n)
|
|
|
396,317
|
395,902
|
|
Home Owner Mortgage Enhanced , 5.077%, 8/25/2060 (n)
|
|
|
259,406
|
259,688
|
|
MF1 2022-FL8 Ltd., “A”, FLR, 5.023% (SOFR - 1mo. + 1.35%), 2/19/2037 (n)
|
|
|
241,442
|
241,295
|
|
MF1 2022-FL8 Ltd., “B”, FLR, 5.623% (SOFR - 30 day + 1.95%), 2/19/2037 (n)
|
|
|
604,312
|
603,179
|
|
Morgan Stanley Capital I Trust, 2021-L5, “XA”, 1.26%, 5/15/2054 (i)
|
|
|
4,561,895
|
196,497
|
|
Morgan Stanley Capital I Trust, 2021-L6, “XA”, 1.14%, 6/15/2054 (i)
|
|
|
8,689,601
|
324,415
|
|
New Residential Mortgage Loan Trust, 2024-NQM3, “A-1”, 5.53%, 5/25/2065 (n)
|
|
|
307,060
|
311,735
|
|
OBX Trust, 2024-NQM1, “A1”, 5.928%, 11/25/2063 (n)
|
|
|
449,179
|
452,565
|
|
OBX Trust, 2024-NQM2, “A1”, 5.878%, 12/25/2063 (n)
|
|
|
793,439
|
799,709
|
|
OBX Trust, 2024-NQM3, “A1”, 6.129%, 12/25/2063 (n)
|
|
|
161,710
|
163,507
|
|
PMT Loan Trust, 2025-INV10, “A36”, FLR, 5.047% (SOFR - 1mo. + 1.35%), 10/01/2056 (n)
|
|
|
663,237
|
665,939
|
|
TCW Gem Ltd., 2020-1A, “BR3”, FLR, 5.267% (SOFR - 3mo. + 1.6%), 4/20/2034 (n)
|
|
|
1,275,000
|
1,268,866
|
|
TPG Real Estate Finance, 2025-FL7, “AS”, FLR, 5.375% (SOFR - 1mo. + 1.7%), 6/18/2043 (n)
|
|
|
606,325
|
606,324
|
|
Verus Securitization Trust, 2024-1, “A1”, 5.712%, 1/25/2069 (n)
|
|
|
403,192
|
405,744
|
|
Volvo Financial Equipment LLC, 2024-1A, “A2”, 4.56%, 5/17/2027 (n)
|
|
|
234,812
|
235,060
|
|
Wells Fargo Commercial Mortgage Trust, 2021-C60, “XA”, 1.491%, 8/15/2054 (i)
|
|
|
6,702,517
|
395,676
|
|
|
|
|
|
$24,819,062
|
|
Automotive – 0.2%
|
||||
|
Ford Motor Credit Co. LLC, 6.95%, 6/10/2026
|
|
$
|
420,000
|
$423,234
|
|
Ford Motor Credit Co. LLC, 5.73%, 9/05/2030
|
|
|
599,000
|
613,261
|
|
Hyundai Capital America, 5.25%, 1/08/2027 (n)
|
|
|
234,000
|
236,832
|
|
Hyundai Capital America, 6.375%, 4/08/2030 (n)
|
|
|
370,000
|
395,208
|
|
Hyundai Capital America, 4.5%, 9/18/2030 (n)
|
|
|
175,000
|
175,064
|
|
Volkswagen Bank GmbH , 3.75%, 12/10/2032
|
|
EUR
|
300,000
|
358,438
|
|
|
|
|
|
$2,202,037
|
|
Broadcasting – 0.1%
|
||||
|
WMG Acquisition Corp., 3.75%, 12/01/2029 (n)
|
|
$
|
496,000
|
$477,285
|
|
WMG Acquisition Corp., 3.875%, 7/15/2030 (n)
|
|
|
401,000
|
384,880
|
|
|
|
|
|
$862,165
|
|
Brokerage & Asset Managers – 0.4%
|
||||
|
Charles Schwab Corp., 4.914% to 11/14/2035, FLR (SOFR - 1 day + 1.23%) to 11/14/2036
|
|
$
|
733,000
|
$726,505
|
|
Jefferies Financial Group Inc., 5.5%, 2/15/2036
|
|
|
516,000
|
509,353
|
|
Low Income Investment Fund, 3.386%, 7/01/2026
|
|
|
285,000
|
283,637
|
|
Low Income Investment Fund, 3.711%, 7/01/2029
|
|
|
300,000
|
288,752
|
|
LPL Holdings, Inc., 4%, 3/15/2029 (n)
|
|
|
875,000
|
862,899
|
|
LPL Holdings, Inc., 5.75%, 6/15/2035
|
|
|
387,000
|
397,537
|
|
LSEG Netherlands B.V., 3%, 11/06/2031
|
|
EUR
|
470,000
|
551,639
|
|
LSEG US Financial Corp., 5.297%, 3/28/2034 (n)
|
|
$
|
285,000
|
292,906
|
|
The Carlyle Group, Inc., 5.05%, 9/19/2035
|
|
|
663,000
|
652,567
|
|
|
|
|
|
$4,565,795
|
|
Building – 0.1%
|
||||
|
CRH Finance (U.K.) PLC, 4.125%, 12/02/2029
|
|
GBP
|
250,000
|
$338,235
|
|
Ferguson Enterprises, Inc., 5%, 10/03/2034
|
|
$
|
677,000
|
679,831
|
|
JH North America Holdings, Inc., 5.875%, 1/31/2031 (n)
|
|
|
249,000
|
253,241
|
|
JH North America Holdings, Inc., 6.125%, 7/31/2032 (n)
|
|
|
248,000
|
252,690
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Building – continued
|
||||
|
Vulcan Materials Co., 5.7%, 12/01/2054
|
|
$
|
297,000
|
$295,601
|
|
|
|
|
|
$1,819,598
|
|
Business Services – 0.2%
|
||||
|
Accenture Capital, Inc., 4.25%, 10/04/2031
|
|
$
|
157,000
|
$157,020
|
|
Accenture Capital, Inc., 4.5%, 10/04/2034
|
|
|
260,000
|
255,709
|
|
Experian Finance PLC, 3.51%, 12/15/2033
|
|
EUR
|
500,000
|
593,668
|
|
Fiserv, Inc., 4.4%, 7/01/2049
|
|
$
|
398,000
|
313,137
|
|
Paychex, Inc., 5.1%, 4/15/2030
|
|
|
156,000
|
160,461
|
|
Paychex, Inc., 5.35%, 4/15/2032
|
|
|
309,000
|
319,439
|
|
Visa, Inc., 3.875%, 5/15/2044
|
|
EUR
|
290,000
|
336,269
|
|
|
|
|
|
$2,135,703
|
|
Cable TV – 0.1%
|
||||
|
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,
6.384%, 10/23/2035
|
|
$
|
308,000
|
$318,341
|
|
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,
6.484%, 10/23/2045
|
|
|
268,000
|
252,236
|
|
Comcast Corp., 6.05%, 5/15/2055
|
|
|
402,000
|
398,218
|
|
Videotron Ltd., 3.625%, 6/15/2029 (n)
|
|
|
610,000
|
595,929
|
|
|
|
|
|
$1,564,724
|
|
Chemicals – 0.0%
|
||||
|
DSM B.V., 3.375%, 2/25/2036
|
|
EUR
|
220,000
|
$253,839
|
|
Computer Software – 0.1%
|
||||
|
Microsoft Corp., 2.921%, 3/17/2052
|
|
$
|
450,000
|
$293,119
|
|
Oracle Corp., 4.8%, 9/26/2032
|
|
|
161,000
|
155,868
|
|
Oracle Corp., 4%, 7/15/2046
|
|
|
199,000
|
137,304
|
|
Sage Group PLC, 2.875%, 2/08/2034
|
|
GBP
|
401,000
|
466,815
|
|
|
|
|
|
$1,053,106
|
|
Conglomerates – 0.2%
|
||||
|
Assa Abloy AB, 3.371%, 9/09/2032
|
|
EUR
|
320,000
|
$381,215
|
|
Regal Rexnord Corp., 6.05%, 4/15/2028
|
|
$
|
491,000
|
508,979
|
|
Regal Rexnord Corp., 6.4%, 4/15/2033
|
|
|
178,000
|
190,216
|
|
Smiths Group PLC, 3.625%, 11/13/2033
|
|
EUR
|
570,000
|
669,669
|
|
Veralto Corp., 4.15%, 9/19/2031
|
|
|
277,000
|
341,564
|
|
Westinghouse Air Brake Technologies Corp., 5.611%, 3/11/2034
|
|
$
|
741,000
|
774,996
|
|
|
|
|
|
$2,866,639
|
|
Consumer Products – 0.1%
|
||||
|
L'Oréal S.A., 5%, 5/20/2035 (n)
|
|
$
|
571,000
|
$581,162
|
|
Unilever Capital Corp., 2.875%, 10/31/2032
|
|
EUR
|
750,000
|
875,451
|
|
|
|
|
|
$1,456,613
|
|
Consumer Services – 0.1%
|
||||
|
Booking Holdings, Inc., 3%, 11/07/2030
|
|
EUR
|
260,000
|
$308,280
|
|
Pluxee N.V., 3.75%, 9/04/2032
|
|
|
400,000
|
475,329
|
|
|
|
|
|
$783,609
|
|
Electronics – 0.1%
|
||||
|
Broadcom, Inc., 4.55%, 2/15/2032
|
|
$
|
306,000
|
$305,857
|
|
Broadcom, Inc., 5.2%, 7/15/2035
|
|
|
298,000
|
304,513
|
|
Broadcom, Inc., 5.7%, 1/15/2056
|
|
|
335,000
|
337,583
|
|
Intel Corp., 5.7%, 2/10/2053
|
|
|
298,000
|
281,328
|
|
|
|
|
|
$1,229,281
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Emerging Market Quasi-Sovereign – 0.7%
|
||||
|
Bank Gospodarstwa Krajowego (Republic of Poland), 6.25%, 10/31/2028 (n)
|
|
$
|
539,000
|
$570,228
|
|
Bank Gospodarstwa Krajowego (Republic of Poland), 5.375%, 5/22/2033 (n)
|
|
|
442,000
|
455,628
|
|
Ceske Drahy A.S. (Czech Republic), 3.75%, 7/28/2030
|
|
EUR
|
281,000
|
341,587
|
|
CEZ A.S. (Czech Republic), 4.125%, 4/30/2033
|
|
|
496,000
|
598,112
|
|
Chile Electricity Lux MPC II S.à r.l., 5.58%, 10/20/2035 (n)
|
|
$
|
452,585
|
464,319
|
|
Comision Federal de Electricidad (United Mexican States), 6.045%, 1/28/2034 (n)
|
|
|
238,000
|
238,000
|
|
Development Bank of Kazakhstan JSC, 5.625%, 4/07/2030 (n)
|
|
|
420,000
|
434,616
|
|
Export-Import Bank of India, 5%, 1/12/2036 (n)
|
|
|
1,700,000
|
1,694,986
|
|
Magyar Export-Import Bank PLC (Republic of Hungary), 6.125%, 12/04/2027 (n)
|
|
|
540,000
|
555,090
|
|
Magyar Fejlesztesi Bank Zrt. (Republic of Hungary), 4.375%, 6/27/2030
|
|
EUR
|
995,000
|
1,207,220
|
|
PT Perusahaan Listrik Negara (Republic of Indonesia), 5.45%, 2/03/2036 (n)(w)
|
|
$
|
200,000
|
198,951
|
|
PT Perusahaan Listrik Negara (Republic of Indonesia), 4%, 6/30/2050 (n)
|
|
|
491,000
|
356,270
|
|
Qatar Petroleum, 3.125%, 7/12/2041
|
|
|
449,000
|
343,344
|
|
Saudi Arabian Oil Co., 5.75%, 7/17/2054 (n)
|
|
|
362,000
|
343,486
|
|
Saudi Arabian Oil Co., 6.375%, 6/02/2055
|
|
|
462,000
|
473,500
|
|
STC Sukuk Co. II Ltd. (Kingdom of Saudi Arabia), 5.083%, 1/15/2036 (n)
|
|
|
451,000
|
452,031
|
|
|
|
|
|
$8,727,368
|
|
Emerging Market Sovereign – 6.9%
|
||||
|
Czech Republic, 3.5%, 5/30/2035
|
|
CZK
|
13,460,000
|
$614,636
|
|
Eagle Funding LuxCo S.à r.l. (United Mexican States), 5.5%, 8/17/2030 (n)
|
|
$
|
477,000
|
484,546
|
|
Hellenic Republic (Republic of Greece), 3.625%, 6/15/2035 (n)
|
|
EUR
|
2,490,000
|
3,017,418
|
|
Hellenic Republic (Republic of Greece), 3.375%, 6/16/2036 (n)
|
|
|
2,945,000
|
3,469,806
|
|
Hellenic Republic (Republic of Greece), 4.125%, 6/15/2054
|
|
|
1,169,000
|
1,361,164
|
|
Kingdom of Saudi Arabia, 5.125%, 1/13/2028 (n)
|
|
$
|
519,000
|
528,476
|
|
Kingdom of Saudi Arabia, 4.875%, 1/12/2036 (n)
|
|
|
1,200,000
|
1,184,389
|
|
Kingdom of Thailand, 3.45%, 6/17/2043
|
|
THB
|
38,700,000
|
1,342,874
|
|
Oriental Republic of Uruguay, 8.25%, 5/21/2031
|
|
UYU
|
46,991,000
|
1,260,926
|
|
Oriental Republic of Uruguay, 9.75%, 7/20/2033
|
|
|
30,347,000
|
886,043
|
|
Oriental Republic of Uruguay, 8%, 10/29/2035
|
|
|
32,499,996
|
874,430
|
|
People's Republic of China, 3.13%, 11/21/2029
|
|
CNY
|
79,280,000
|
12,181,030
|
|
People's Republic of China, 1.43%, 1/25/2030
|
|
|
43,400,000
|
6,224,459
|
|
People's Republic of China, 2.88%, 2/25/2033
|
|
|
70,520,000
|
10,981,132
|
|
People's Republic of China, 2.27%, 5/25/2034
|
|
|
16,500,000
|
2,469,807
|
|
People's Republic of China, 1.83%, 8/25/2035
|
|
|
7,700,000
|
1,108,255
|
|
People's Republic of China, 1.92%, 7/15/2045
|
|
|
4,400,000
|
594,293
|
|
People's Republic of China, 2.15%, 8/25/2055
|
|
|
6,300,000
|
881,606
|
|
Republic of Chile, 4.7%, 9/01/2030
|
|
CLP
|
2,090,000,000
|
2,372,748
|
|
Republic of Hungary, 4%, 7/25/2029
|
|
EUR
|
1,400,000
|
1,709,765
|
|
Republic of Korea, 1.875%, 6/10/2029
|
|
KRW
|
8,011,970,000
|
5,323,218
|
|
Republic of Korea, 1.375%, 6/10/2030
|
|
|
8,496,200,000
|
5,412,621
|
|
Republic of Korea, 2.5%, 9/10/2030
|
|
|
10,800,000,000
|
7,205,320
|
|
Republic of Peru, 5.375%, 2/08/2035
|
|
$
|
2,080,000
|
2,118,480
|
|
Republic of Peru, 6.85%, 8/12/2035
|
|
PEN
|
14,287,000
|
4,565,338
|
|
Republic of Poland, 3.625%, 1/11/2034
|
|
EUR
|
1,000,000
|
1,207,990
|
|
Republic of Romania, 6%, 5/25/2034
|
|
$
|
1,412,000
|
1,436,759
|
|
State of Kuwait, 4.016%, 10/09/2028 (n)
|
|
|
525,000
|
524,493
|
|
United Mexican States, 5.85%, 7/02/2032
|
|
|
902,000
|
921,483
|
|
United Mexican States, 7.5%, 5/26/2033
|
|
MXN
|
36,500,000
|
1,971,472
|
|
United Mexican States, 5.625%, 2/09/2034
|
|
$
|
414,000
|
412,485
|
|
United Mexican States, 7.75%, 11/23/2034
|
|
MXN
|
29,300,000
|
1,581,808
|
|
United Mexican States, 6.625%, 1/29/2038
|
|
$
|
463,000
|
481,265
|
|
United Mexican States, 6.125%, 2/09/2038
|
|
|
1,350,000
|
1,344,600
|
|
|
|
|
|
$88,055,135
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Energy - Independent – 0.1%
|
||||
|
Occidental Petroleum Corp., 6.45%, 9/15/2036
|
|
$
|
319,000
|
$340,273
|
|
Pioneer Natural Resources Co., 2.15%, 1/15/2031
|
|
|
549,000
|
498,606
|
|
Santos Finance Ltd., 5.75%, 11/13/2035 (n)
|
|
|
479,000
|
480,352
|
|
|
|
|
|
$1,319,231
|
|
Energy - Integrated – 0.1%
|
||||
|
BP Capital Markets B.V., 0.933%, 12/04/2040
|
|
EUR
|
440,000
|
$333,349
|
|
BP Capital Markets PLC, 6%, 2/19/2173
|
|
GBP
|
520,000
|
731,872
|
|
Exxon Mobil Corp., 1.408%, 6/26/2039
|
|
EUR
|
690,000
|
601,614
|
|
|
|
|
|
$1,666,835
|
|
Entertainment – 0.1%
|
||||
|
Royal Caribbean Cruises Ltd., 5.625%, 9/30/2031 (n)
|
|
$
|
417,000
|
$428,682
|
|
Royal Caribbean Cruises Ltd., 6%, 2/01/2033 (n)
|
|
|
154,000
|
158,745
|
|
Royal Caribbean Cruises Ltd., 5.375%, 1/15/2036
|
|
|
199,000
|
199,416
|
|
|
|
|
|
$786,843
|
|
Financial Institutions – 0.3%
|
||||
|
Avolon Holdings Funding Ltd., 4.375%, 5/01/2026 (n)
|
|
$
|
537,000
|
$537,204
|
|
Avolon Holdings Funding Ltd., 4.95%, 10/15/2032 (n)
|
|
|
531,000
|
526,844
|
|
Fastighets AB Balder, 4%, 2/19/2032
|
|
EUR
|
290,000
|
346,911
|
|
Macquarie AirFinance Holdings Ltd., 5.15%, 3/17/2030 (n)
|
|
$
|
252,000
|
255,146
|
|
Macquarie AirFinance Holdings Ltd., 6.5%, 3/26/2031 (n)
|
|
|
149,000
|
159,325
|
|
Shurgard Luxembourg S.à r.l., 3.625%, 10/22/2034
|
|
EUR
|
200,000
|
231,851
|
|
Shurgard Luxembourg S.à r.l., 4%, 5/27/2035
|
|
|
400,000
|
471,812
|
|
SMBC Aviation Capital Finance DAC, 5.25%, 11/26/2035 (n)
|
|
$
|
854,000
|
851,097
|
|
|
|
|
|
$3,380,190
|
|
Food & Beverages – 0.5%
|
||||
|
Anheuser-Busch InBev Worldwide, Inc., 4.375%, 4/15/2038
|
|
$
|
251,000
|
$237,352
|
|
Anheuser-Busch InBev Worldwide, Inc., 4.125%, 5/19/2045
|
|
EUR
|
150,000
|
173,039
|
|
Anheuser-Busch InBev Worldwide, Inc., 5.55%, 1/23/2049
|
|
$
|
512,000
|
509,929
|
|
Bacardi Ltd., 5.15%, 5/15/2038 (n)
|
|
|
558,000
|
525,436
|
|
Bacardi-Martini B.V., 5.4%, 6/15/2033 (n)
|
|
|
168,000
|
169,078
|
|
Flowers Foods, Inc., 5.75%, 3/15/2035
|
|
|
252,000
|
250,933
|
|
Flowers Foods, Inc., 6.2%, 3/15/2055
|
|
|
140,000
|
128,353
|
|
Heineken N.V., 3.505%, 5/03/2034
|
|
EUR
|
720,000
|
851,144
|
|
JBS N.V./JBS USA Foods Group Holdings, Inc./JBS USA Food Co., 5.5%, 1/15/2036
|
|
$
|
430,000
|
436,420
|
|
JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 6.5%, 12/01/2052
|
|
|
230,000
|
239,071
|
|
Kraft Heinz Foods Co., 4.375%, 6/01/2046
|
|
|
472,000
|
387,343
|
|
Magnum ICC Finance B.V., 3.75%, 11/26/2034
|
|
EUR
|
450,000
|
532,663
|
|
Magnum ICC Finance B.V., 4%, 11/26/2037
|
|
|
340,000
|
397,854
|
|
Mars, Inc., 4.8%, 3/01/2030 (n)
|
|
$
|
232,000
|
237,030
|
|
Mars, Inc., 5.2%, 3/01/2035 (n)
|
|
|
620,000
|
634,785
|
|
Mars, Inc., 5.7%, 5/01/2055 (n)
|
|
|
536,000
|
534,218
|
|
Nestle Finance International Ltd., 3.5%, 1/14/2045
|
|
EUR
|
400,000
|
446,888
|
|
|
|
|
|
$6,691,536
|
|
Forest & Paper Products – 0.1%
|
||||
|
Graphic Packaging International LLC, 1.512%, 4/15/2026 (n)
|
|
$
|
758,000
|
$752,997
|
|
Smurfit Kappa Treasury Co., 3.489%, 11/24/2031
|
|
EUR
|
140,000
|
167,133
|
|
|
|
|
|
$920,130
|
|
Gaming & Lodging – 0.1%
|
||||
|
Flutter Treasury DAC, 6.375%, 4/29/2029 (n)
|
|
$
|
289,000
|
$297,943
|
|
Flutter Treasury DAC, 5.875%, 6/04/2031 (n)
|
|
|
500,000
|
506,477
|
|
Marriott International, Inc., 2.85%, 4/15/2031
|
|
|
435,000
|
403,699
|
|
Sands China Ltd., 4.375%, 6/18/2030
|
|
|
532,000
|
523,364
|
|
|
|
|
|
$1,731,483
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Industrial – 0.1%
|
||||
|
WSP Global, Inc., 5.548%, 11/22/2030
|
|
CAD
|
978,000
|
$774,284
|
|
Insurance – 0.2%
|
||||
|
Aviva PLC, 4.625% to 8/28/2036, FLR (EURIBOR - 3mo. + 3.05%) to 8/28/2056
|
|
EUR
|
361,000
|
$442,521
|
|
Corebridge Financial, Inc., 4.35%, 4/05/2042
|
|
$
|
364,000
|
311,310
|
|
Corebridge Global Funding, 4.9%, 8/21/2032 (n)
|
|
|
475,000
|
479,128
|
|
Mapfre S.A., 3.125%, 1/20/2032
|
|
EUR
|
400,000
|
474,059
|
|
Northwestern Mutual Life Insurance Co., 6.17%, 5/29/2055 (n)
|
|
$
|
730,000
|
776,671
|
|
Sammons Financial Group, Inc., 6.875%, 4/15/2034 (n)
|
|
|
400,000
|
436,515
|
|
|
|
|
|
$2,920,204
|
|
Insurance - Health – 0.1%
|
||||
|
Bupa Finance PLC, 6.625%, 11/18/2045
|
|
GBP
|
130,000
|
$177,810
|
|
Humana, Inc., 5.375%, 4/15/2031
|
|
$
|
233,000
|
238,652
|
|
Humana, Inc., 5.55%, 5/01/2035
|
|
|
713,000
|
714,974
|
|
UnitedHealth Group, Inc., 5.15%, 7/15/2034
|
|
|
692,000
|
705,996
|
|
|
|
|
|
$1,837,432
|
|
Insurance - Property & Casualty – 0.3%
|
||||
|
American International Group, Inc., 5.125%, 3/27/2033
|
|
$
|
519,000
|
$531,449
|
|
Arthur J. Gallagher & Co., 6.5%, 2/15/2034
|
|
|
158,000
|
173,728
|
|
Arthur J. Gallagher & Co., 5.75%, 3/02/2053
|
|
|
428,000
|
419,356
|
|
Fairfax Financial Holdings Ltd., 4.25%, 12/06/2027
|
|
CAD
|
974,000
|
726,940
|
|
Fairfax Financial Holdings Ltd., 5.75%, 5/20/2035
|
|
$
|
372,000
|
387,398
|
|
Fairfax Financial Holdings Ltd., 6.35%, 3/22/2054
|
|
|
456,000
|
477,248
|
|
Liberty Mutual Group, Inc., 3.875%, 9/26/2035
|
|
EUR
|
620,000
|
726,151
|
|
Marsh & McLennan Cos., Inc., 5.4%, 3/15/2055
|
|
$
|
461,000
|
445,010
|
|
|
|
|
|
$3,887,280
|
|
International Market Quasi-Sovereign – 0.4%
|
||||
|
Aena SME S.A. (Kingdom of Spain), 3.5%, 1/22/2036
|
|
EUR
|
300,000
|
$352,663
|
|
Belfius Bank S.A., 4%, 4/29/2038
|
|
|
200,000
|
237,753
|
|
Electricite de France S.A., 4.625%, 1/25/2043
|
|
|
200,000
|
237,116
|
|
EnBW International Finance B.V. (Federal Republic of Germany), 3.75%, 11/20/2035
|
|
|
410,000
|
489,389
|
|
Logicor Financing S.à r.l. (Grand Duchy of Luxembourg), 3.75%, 7/14/2032
|
|
|
260,000
|
308,371
|
|
NBN Co. Ltd. (Commonwealth of Australia), 5.75%, 10/06/2028 (n)
|
|
$
|
390,000
|
406,834
|
|
Ontario Teachers' Cadillac Fairview Properties, 2.5%, 10/15/2031 (n)
|
|
|
527,000
|
473,595
|
|
P3 Group S.à r.l. (Grand Duchy of Luxembourg), 3.75%, 4/02/2033
|
|
EUR
|
440,000
|
518,388
|
|
SPP-Distribucia A.S. (Republic of Slovakia), 1%, 6/09/2031
|
|
|
770,000
|
793,447
|
|
Swisscom Finance B.V., 3.625%, 11/17/2037
|
|
|
810,000
|
945,684
|
|
|
|
|
|
$4,763,240
|
|
International Market Sovereign – 7.8%
|
||||
|
Commonwealth of Australia, 2.75%, 5/21/2041
|
|
AUD
|
12,296,000
|
$6,465,664
|
|
Federal Republic of Germany, 2.6%, 8/15/2035
|
|
EUR
|
2,050,000
|
2,388,486
|
|
Federal Republic of Germany, 2.5%, 8/15/2054
|
|
|
1,020,000
|
995,503
|
|
Government of Bermuda, 2.375%, 8/20/2030 (n)
|
|
$
|
418,000
|
380,016
|
|
Government of Bermuda, 5%, 7/15/2032 (n)
|
|
|
1,331,000
|
1,343,871
|
|
Government of Canada, 2%, 6/01/2032
|
|
CAD
|
2,942,000
|
2,021,881
|
|
Government of Canada, 3.25%, 12/01/2034
|
|
|
3,859,000
|
2,814,223
|
|
Government of Canada, 3.25%, 6/01/2035
|
|
|
3,688,000
|
2,679,769
|
|
Government of Canada, 2.75%, 12/01/2055
|
|
|
2,040,000
|
1,200,658
|
|
Government of Japan, 1.3%, 9/20/2030
|
|
JPY
|
893,950,000
|
5,692,375
|
|
Government of Japan, 0.3%, 12/20/2039
|
|
|
748,200,000
|
3,489,167
|
|
Government of Japan, 2.3%, 3/20/2040
|
|
|
302,650,000
|
1,854,171
|
|
Government of Japan, 1.1%, 6/20/2043
|
|
|
95,850,000
|
459,332
|
|
Government of Japan, 0.4%, 3/20/2050
|
|
|
493,400,000
|
1,597,875
|
|
Government of Japan, 0.7%, 12/20/2051
|
|
|
385,200,000
|
1,277,213
|
|
Government of Japan, 3.2%, 9/20/2055
|
|
|
382,050,000
|
2,297,978
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
International Market Sovereign – continued
|
||||
|
Government of New Zealand, 4.5%, 5/15/2030
|
|
NZD
|
2,355,000
|
$1,453,139
|
|
Government of New Zealand, 1.5%, 5/15/2031
|
|
|
1,840,000
|
973,380
|
|
Kingdom of Spain, 3.15%, 4/30/2035 (n)
|
|
EUR
|
2,943,000
|
3,483,950
|
|
Kingdom of Spain, 3.9%, 7/30/2039 (n)
|
|
|
7,388,000
|
9,067,237
|
|
Republic of France, 2.7%, 2/25/2031 (n)
|
|
|
4,365,000
|
5,168,982
|
|
Republic of France, 3.5%, 11/25/2035 (n)
|
|
|
4,500,000
|
5,364,463
|
|
Republic of France, 4.1%, 5/25/2046 (n)
|
|
|
2,205,000
|
2,604,434
|
|
Republic of France, 3.25%, 5/25/2055 (n)
|
|
|
3,140,000
|
3,038,476
|
|
Republic of Iceland, 5%, 11/15/2028
|
|
ISK
|
152,600,000
|
1,184,900
|
|
Republic of Iceland, 6.5%, 1/24/2031
|
|
|
138,000,000
|
1,110,001
|
|
Republic of Italy, 2.85%, 2/01/2031
|
|
EUR
|
2,046,000
|
2,438,837
|
|
Republic of Italy, 1.45%, 3/01/2036
|
|
|
5,527,000
|
5,451,562
|
|
Republic of Italy, 4.1%, 4/30/2046 (n)
|
|
|
4,992,000
|
5,943,895
|
|
Republic of Italy, 4.3%, 10/01/2054 (n)
|
|
|
1,240,000
|
1,470,157
|
|
United Kingdom Treasury, 4%, 10/22/2031
|
|
GBP
|
2,104,000
|
2,862,553
|
|
United Kingdom Treasury, 4.25%, 6/07/2032
|
|
|
1,467,000
|
2,022,467
|
|
United Kingdom Treasury, 1.25%, 10/22/2041
|
|
|
5,654,000
|
4,600,956
|
|
United Kingdom Treasury, 1.5%, 7/22/2047
|
|
|
2,076,000
|
1,481,536
|
|
United Kingdom Treasury, 3.75%, 7/22/2052
|
|
|
2,422,000
|
2,599,283
|
|
|
|
|
|
$99,278,390
|
|
Internet – 0.0%
|
||||
|
Alphabet, Inc., 4%, 5/06/2054
|
|
EUR
|
270,000
|
$298,965
|
|
Local Authorities – 0.2%
|
||||
|
Alliander N.V., 3.5%, 5/06/2037
|
|
EUR
|
400,000
|
$467,150
|
|
Province of Alberta, 1.65%, 6/01/2031
|
|
CAD
|
459,000
|
312,470
|
|
Province of British Columbia, 2.95%, 6/18/2050
|
|
|
600,000
|
334,117
|
|
Province of Ontario, 3.25%, 7/03/2035
|
|
EUR
|
730,000
|
868,950
|
|
Province of Ontario, 4.45%, 11/20/2035
|
|
$
|
721,000
|
715,567
|
|
|
|
|
|
$2,698,254
|
|
Major Banks – 1.5%
|
||||
|
Bank of America Corp., 2.687% to 4/22/2031, FLR (SOFR - 1 day + 1.32%) to 4/22/2032
|
|
$
|
886,000
|
$813,023
|
|
Bank of America Corp., 5.464% to 5/09/2035, FLR (SOFR - 1 day + 1.64%) to 5/09/2036
|
|
|
436,000
|
451,032
|
|
Bankinter S.A., 3.25%, 11/03/2033
|
|
EUR
|
400,000
|
470,615
|
|
BNP Paribas, 6.875% to 12/15/2033, FLR (CMT - 5yr. + 2.853%) to 6/15/2174 (n)
|
|
$
|
411,000
|
414,720
|
|
Commonwealth Bank of Australia, 2.688%, 3/11/2031 (n)
|
|
|
616,000
|
561,217
|
|
Danske Bank A.S., 1.549% to 6/09/2028, FLR (EUR ICE Swap Rate - 1yr. + 0.88%) to 9/10/2027 (n)
|
|
|
343,000
|
337,961
|
|
Danske Bank A.S., 4.613% to 10/02/2029, FLR (CMT - 1yr. + 1.1%) to 10/02/2030 (n)
|
|
|
368,000
|
370,869
|
|
Deutsche Bank AG, 5.373% to 1/10/2028, FLR (SOFR - 1 day + 1.21%) to 1/10/2029
|
|
|
309,000
|
315,548
|
|
Deutsche Bank AG, 4.95% to 8/04/2030, FLR (SOFR - 1 day + 1.3%) to 8/04/2031
|
|
|
507,000
|
512,926
|
|
Erste Group Bank AG, 3.75%, 4/21/2036
|
|
EUR
|
300,000
|
355,873
|
|
Goldman Sachs Group, Inc., 4.692% to 10/23/2029, FLR (SOFR - 1 day + 1.135%) to 10/23/2030
|
|
$
|
314,000
|
318,261
|
|
Goldman Sachs Group, Inc., 5.016% to 10/23/2034, FLR (SOFR - 1 day + 1.42%) to 10/23/2035
|
|
|
603,000
|
603,483
|
|
Goldman Sachs Group, Inc., 5.065% to 1/21/2036, FLR (SOFR - 1 day + 1.19%) to 1/21/2037
|
|
|
484,000
|
481,925
|
|
HSBC Holdings PLC, 5.13% to 3/03/2030, FLR (SOFR - 1 day + 1.29%) to 3/03/2031
|
|
|
483,000
|
495,041
|
|
JPMorgan Chase & Co., 5.581% to 4/22/2029, FLR (SOFR - 1 day + 1.16%) to 4/22/2030
|
|
|
511,000
|
532,400
|
|
JPMorgan Chase & Co., 4.603% to 10/22/2029, FLR (SOFR - 1 day + 1.04%) to 10/22/2030
|
|
|
400,000
|
405,746
|
|
JPMorgan Chase & Co., 1.953% to 2/04/2031, FLR (SOFR - 1 day + 1.065%) to 2/04/2032
|
|
|
447,000
|
398,084
|
|
JPMorgan Chase & Co., 5.502% to 1/24/2035, FLR (SOFR - 1 day + 1.315%) to 1/24/2036
|
|
|
416,000
|
432,665
|
|
JPMorgan Chase & Co., 3.109% to 4/22/2050, FLR (SOFR - 1 day + 2.44%) to 4/22/2051
|
|
|
607,000
|
411,848
|
|
mBank S.A., 4.034%, 9/27/2030
|
|
EUR
|
500,000
|
611,044
|
|
Mitsubishi UFJ Financial Group, Inc., 2.494% to 10/13/2031, FLR (CMT - 1yr. + 0.97%)
to 10/13/2032
|
|
$
|
484,000
|
434,238
|
|
Mitsubishi UFJ Financial Group, Inc., 5.188%, 9/12/2036
|
|
|
557,000
|
563,524
|
|
Morgan Stanley, 3.622% to 4/01/2030, FLR (SOFR - 1 day + 3.12%) to 4/01/2031
|
|
|
957,000
|
929,190
|
|
Morgan Stanley, 3.149%, 11/07/2031
|
|
EUR
|
650,000
|
767,896
|
|
Morgan Stanley, 5.424% to 7/21/2033, FLR (SOFR - 1 day + 1.88%) to 7/21/2034
|
|
$
|
824,000
|
853,042
|
|
Nationwide Building Society, 4.351%, 9/30/2030 (n)
|
|
|
567,000
|
566,036
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Major Banks – continued
|
||||
|
Nationwide Building Society, 3.854%, 2/03/2037
|
|
EUR
|
460,000
|
$546,346
|
|
NatWest Markets PLC, 3.125%, 1/13/2031
|
|
|
500,000
|
594,594
|
|
PNC Financial Services Group, Inc., 5.676% to 1/22/2034, FLR (SOFR - 1 day + 1.902%)
to 1/22/2035
|
|
$
|
590,000
|
618,951
|
|
PNC Financial Services Group, Inc., 5.575% to 1/29/2035, FLR (SOFR - 1 day + 1.394%)
to 1/29/2036
|
|
|
403,000
|
418,381
|
|
UBS Group AG, 3.125%, 2/13/2031
|
|
EUR
|
490,000
|
581,215
|
|
UBS Group AG, 2.746% to 2/11/2032, FLR (CMT - 1yr. + 1.1%) to 2/11/2033 (n)
|
|
$
|
941,000
|
843,793
|
|
UBS Group AG, 4.375% to 2/10/2031, FLR (CMT - 1yr. + 3.313%) to 8/10/2171 (n)
|
|
|
437,000
|
399,115
|
|
UniCredit S.p.A., 2.875%, 7/15/2030
|
|
EUR
|
790,000
|
936,691
|
|
UniCredit S.p.A., 3.725%, 6/10/2035
|
|
|
360,000
|
428,420
|
|
Wells Fargo & Co., 5.244% to 1/24/2030, FLR (SOFR - 1 day + 1.11%) to 1/24/2031
|
|
$
|
382,000
|
394,667
|
|
Wells Fargo & Co., 3.35% to 3/02/2032, FLR (SOFR - 1 day + 1.5%) to 3/02/2033
|
|
|
332,000
|
309,568
|
|
|
|
|
|
$19,479,948
|
|
Medical & Health Technology & Services – 0.3%
|
||||
|
Baxter International, Inc., 4.9%, 12/15/2030
|
|
$
|
142,000
|
$143,058
|
|
Baxter International, Inc., 5.65%, 12/15/2035
|
|
|
180,000
|
181,529
|
|
Becton, Dickinson and Co., 4.874%, 2/08/2029
|
|
|
584,000
|
595,971
|
|
HCA, Inc., 4.9%, 11/15/2035
|
|
|
407,000
|
399,713
|
|
HCA, Inc., 5.7%, 11/15/2055
|
|
|
311,000
|
296,290
|
|
Memorial Sloan-Kettering Cancer Center, 2.955%, 1/01/2050
|
|
|
670,000
|
441,562
|
|
New York Society for the Relief of the Ruptured & Crippled, 2.667%, 10/01/2050
|
|
|
545,000
|
333,894
|
|
ProMedica Toledo Hospital, “B”, AGM, 6.015%, 11/15/2048
|
|
|
319,000
|
319,605
|
|
Thermo Fisher Scientific Finance I B.V., 3.628%, 12/01/2035
|
|
EUR
|
650,000
|
773,848
|
|
Thermo Fisher Scientific, Inc., 4.473%, 10/07/2032
|
|
$
|
790,000
|
791,596
|
|
|
|
|
|
$4,277,066
|
|
Medical Equipment – 0.1%
|
||||
|
Stryker Corp., 5.2%, 2/10/2035
|
|
$
|
586,000
|
$600,395
|
|
Metals & Mining – 0.0%
|
||||
|
Glencore Finance Co., 5.55%, 10/25/2042 (n)
|
|
$
|
38,000
|
$37,179
|
|
Rio Tinto Finance (USA) PLC, 5%, 3/14/2032
|
|
|
538,000
|
553,801
|
|
|
|
|
|
$590,980
|
|
Midstream – 0.3%
|
||||
|
Cheniere Energy Partners LP, 5.55%, 10/30/2035 (n)
|
|
$
|
501,000
|
$512,423
|
|
Columbia Pipelines Operating Co. LLC, 6.544%, 11/15/2053 (n)
|
|
|
554,000
|
590,164
|
|
Eastern Energy Gas Holdings LLC, 5.65%, 10/15/2054
|
|
|
547,000
|
532,442
|
|
Energy Transfer LP, 5.95%, 5/15/2054
|
|
|
415,000
|
395,668
|
|
Galaxy Pipeline Assets Bidco Ltd., 2.16%, 3/31/2034 (n)
|
|
|
357,985
|
323,564
|
|
Pembina Pipeline Corp., 4.81%, 3/25/2044
|
|
CAD
|
887,000
|
625,502
|
|
Plains All American Pipeline LP, 5.7%, 9/15/2034
|
|
$
|
412,000
|
424,869
|
|
Plains All American Pipeline LP, 5.6%, 1/15/2036
|
|
|
237,000
|
240,453
|
|
Targa Resources Corp., 4.95%, 4/15/2052
|
|
|
622,000
|
531,073
|
|
|
|
|
|
$4,176,158
|
|
Mortgage-Backed – 3.4%
|
|
|||
|
Fannie Mae, 4.5%, 3/01/2034 - 2/01/2046
|
|
$
|
2,215,112
|
$2,221,380
|
|
Fannie Mae, 5.5%, 1/01/2037
|
|
|
7,204
|
7,513
|
|
Fannie Mae, 6%, 9/01/2037 - 6/01/2038
|
|
|
89,318
|
93,978
|
|
Fannie Mae, 5%, 4/01/2040 - 8/01/2040
|
|
|
614,008
|
628,186
|
|
Fannie Mae, 4%, 11/01/2040 - 2/01/2041
|
|
|
672,473
|
658,555
|
|
Fannie Mae, 3.5%, 5/01/2043 - 12/01/2046
|
|
|
1,074,352
|
1,012,493
|
|
Fannie Mae, 2.5%, 2/25/2051 (i)
|
|
|
287,134
|
41,052
|
|
Fannie Mae, 4.397%, 9/25/2052
|
|
|
2,462,462
|
2,445,356
|
|
Fannie Mae, 4.497%, 10/25/2052
|
|
|
1,162,195
|
1,157,976
|
|
Fannie Mae, 5.097%, 12/25/2054
|
|
|
573,087
|
579,393
|
|
Fannie Mae, UMBS, 3%, 5/01/2037 - 6/01/2052
|
|
|
1,377,816
|
1,228,540
|
|
Fannie Mae, UMBS, 2%, 3/01/2042 - 3/01/2052
|
|
|
870,234
|
748,284
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Mortgage-Backed – continued
|
|
|||
|
Fannie Mae, UMBS, 2.5%, 4/01/2042 - 6/01/2052
|
|
$
|
3,245,599
|
$2,786,101
|
|
Fannie Mae, UMBS, 1.5%, 4/01/2052
|
|
|
902,924
|
699,696
|
|
Fannie Mae, UMBS, 3.5%, 5/01/2052 - 6/01/2053
|
|
|
31,802
|
29,632
|
|
Fannie Mae, UMBS, 5.5%, 11/01/2052 - 9/01/2054
|
|
|
2,235,331
|
2,272,495
|
|
Fannie Mae, UMBS, 6%, 12/01/2052 - 11/01/2053
|
|
|
511,310
|
526,267
|
|
Fannie Mae, UMBS, 5%, 4/01/2053
|
|
|
414,919
|
416,478
|
|
Fannie Mae, UMBS, 4.5%, 10/01/2053
|
|
|
260,193
|
255,520
|
|
Freddie Mac, 1.372%, 3/25/2027 (i)
|
|
|
1,523,000
|
20,548
|
|
Freddie Mac, 0.558%, 1/25/2030 (i)
|
|
|
2,292,783
|
48,208
|
|
Freddie Mac, 1.797%, 4/25/2030 (i)
|
|
|
3,170,226
|
210,906
|
|
Freddie Mac, 1.838%, 4/25/2030 (i)
|
|
|
2,614,093
|
181,747
|
|
Freddie Mac, 1.665%, 5/25/2030 (i)
|
|
|
3,298,344
|
212,086
|
|
Freddie Mac, 1.798%, 5/25/2030 (i)
|
|
|
7,375,798
|
513,148
|
|
Freddie Mac, 1.341%, 6/25/2030 (i)
|
|
|
3,056,884
|
160,173
|
|
Freddie Mac, 1.597%, 8/25/2030 (i)
|
|
|
2,713,457
|
173,634
|
|
Freddie Mac, 1.168%, 9/25/2030 (i)
|
|
|
1,752,322
|
84,627
|
|
Freddie Mac, 1.08%, 11/25/2030 (i)
|
|
|
3,594,105
|
166,290
|
|
Freddie Mac, 0.319%, 1/25/2031 (i)
|
|
|
13,539,841
|
166,334
|
|
Freddie Mac, 0.509%, 3/25/2031 (i)
|
|
|
16,601,885
|
353,137
|
|
Freddie Mac, 0.938%, 7/25/2031 (i)
|
|
|
3,177,082
|
146,842
|
|
Freddie Mac, 0.536%, 9/25/2031 (i)
|
|
|
13,281,588
|
356,717
|
|
Freddie Mac, 0.854%, 9/25/2031 (i)
|
|
|
4,021,884
|
166,330
|
|
Freddie Mac, 0.567%, 12/25/2031 (i)
|
|
|
3,294,996
|
91,779
|
|
Freddie Mac, 0.905%, 9/25/2034 (i)
|
|
|
2,485,542
|
168,016
|
|
Freddie Mac, 5.5%, 7/01/2037
|
|
|
14,392
|
15,027
|
|
Freddie Mac, 4.5%, 12/01/2039 - 5/01/2042
|
|
|
678,499
|
681,935
|
|
Freddie Mac, 5%, 7/01/2041
|
|
|
254,144
|
261,304
|
|
Freddie Mac, 2.5%, 11/25/2050 (i)
|
|
|
925,437
|
150,712
|
|
Freddie Mac, 3%, 10/25/2052 (i)
|
|
|
284,069
|
46,482
|
|
Freddie Mac, 4.997%, 8/25/2054
|
|
|
1,091,145
|
1,101,795
|
|
Freddie Mac, 7.647%, 9/25/2055
|
|
|
369,964
|
385,845
|
|
Freddie Mac, UMBS, 3.5%, 1/01/2047
|
|
|
500,445
|
471,949
|
|
Freddie Mac, UMBS, 3%, 6/01/2050 - 5/01/2052
|
|
|
2,909,547
|
2,589,915
|
|
Freddie Mac, UMBS, 2.5%, 10/01/2051 - 9/01/2052
|
|
|
1,870,144
|
1,599,848
|
|
Freddie Mac, UMBS, 2%, 12/01/2051 - 3/01/2052
|
|
|
2,034,873
|
1,656,351
|
|
Freddie Mac, UMBS, 4%, 5/01/2052
|
|
|
112,046
|
107,947
|
|
Freddie Mac, UMBS, 4.5%, 9/01/2052 - 7/01/2053
|
|
|
621,706
|
611,153
|
|
Freddie Mac, UMBS, 5.5%, 10/01/2052
|
|
|
314,922
|
320,217
|
|
Freddie Mac, UMBS, 6%, 11/01/2052 - 2/01/2055
|
|
|
1,472,266
|
1,517,357
|
|
Freddie Mac, UMBS, 6.5%, 11/01/2053 - 11/01/2054
|
|
|
792,014
|
824,606
|
|
Ginnie Mae, 5%, 5/15/2040 - 4/20/2053
|
|
|
616,504
|
621,359
|
|
Ginnie Mae, 3.5%, 6/20/2043 - 10/20/2055
|
|
|
773,376
|
720,060
|
|
Ginnie Mae, 4.089%, 10/20/2045
|
|
|
214,673
|
210,303
|
|
Ginnie Mae, 2.5%, 8/20/2051 - 10/20/2052
|
|
|
1,909,639
|
1,655,075
|
|
Ginnie Mae, 3%, 10/20/2051 - 11/20/2052
|
|
|
1,933,295
|
1,747,473
|
|
Ginnie Mae, 2%, 1/20/2052 - 6/20/2052
|
|
|
758,677
|
631,411
|
|
Ginnie Mae, 4%, 7/20/2052 - 10/20/2052
|
|
|
1,148,945
|
1,096,464
|
|
Ginnie Mae, 4.5%, 9/20/2052 - 11/20/2052
|
|
|
1,132,706
|
1,114,396
|
|
Ginnie Mae, 5.5%, 2/20/2053 - 10/20/2053
|
|
|
519,216
|
528,174
|
|
Ginnie Mae, 4.803%, 11/20/2053
|
|
|
477,981
|
481,771
|
|
Ginnie Mae, 4.753%, 10/20/2054
|
|
|
439,775
|
441,619
|
|
Ginnie Mae, 7.653%, 5/20/2055
|
|
|
454,829
|
463,277
|
|
|
|
|
|
$43,083,242
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Municipals – 0.4%
|
||||
|
Colorado Housing & Finance Authority Rev., Single Family Mortgage Class I, Taxable, “D-1”, GNMA,
5%, 11/01/2047
|
|
$
|
470,000
|
$473,378
|
|
Connecticut Higher Education Supplemental Loan Authority, State Supported Rev., Taxable
(CHESLA Loan
Program), “C”, 4.668%, 11/15/2034
|
|
|
510,000
|
491,199
|
|
Iowa Student Loan Liquidity Corp. Rev., Taxable, “A”, 5.08%, 12/01/2039
|
|
|
265,000
|
253,931
|
|
Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, “A”, 2.641%, 7/01/2037
|
|
|
545,000
|
479,015
|
|
Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, “A”, 4.949%, 7/01/2038
|
|
|
1,405,000
|
1,364,865
|
|
Massachusetts Housing Finance Agency, Single Family Housing Rev., Taxable, “226”, 5.562%, 12/01/2052
|
|
|
915,000
|
940,049
|
|
Michigan Finance Authority, Hospital Rev., Taxable (Trinity Health Credit Group),
3.384%, 12/01/2040
|
|
|
405,000
|
342,247
|
|
National Finance Authority, NH, Utility Refunding Rev., Taxable (Wheeling Power Co.
Project), “A”,
6.89%, 4/01/2034
|
|
|
545,000
|
574,690
|
|
|
|
|
|
$4,919,374
|
|
Natural Gas - Distribution – 0.2%
|
||||
|
Boston Gas Co., 5.843%, 1/10/2035 (n)
|
|
$
|
669,000
|
$706,755
|
|
Engie S.A., 3.25%, 1/11/2032
|
|
EUR
|
200,000
|
236,987
|
|
Sempra, 6.875% to 10/01/2029, FLR (CMT - 5yr. + 2.789%) to 10/01/2054
|
|
$
|
239,000
|
244,987
|
|
Vier Gas Transport GmbH, 3.375%, 11/11/2031
|
|
EUR
|
500,000
|
594,319
|
|
Vier Gas Transport GmbH, 3.625%, 9/08/2033
|
|
|
400,000
|
474,257
|
|
|
|
|
|
$2,257,305
|
|
Network & Telecom – 0.1%
|
||||
|
NTT Finance Corp., 5.171%, 7/16/2032 (n)
|
|
$
|
728,000
|
$747,265
|
|
NTT Finance Corp., 3.678%, 7/16/2033
|
|
EUR
|
230,000
|
276,391
|
|
NTT Finance Corp., 4.091%, 7/16/2037
|
|
|
168,000
|
202,803
|
|
Orange S.A., 3.125%, 11/13/2031
|
|
|
400,000
|
474,155
|
|
|
|
|
|
$1,700,614
|
|
Oils – 0.0%
|
||||
|
Raizen Fuels Finance S.A., 6.45%, 3/05/2034 (n)
|
|
$
|
606,000
|
$496,920
|
|
Other Banks & Diversified Financials – 0.5%
|
||||
|
AIB Group PLC, 6.608% to 9/13/2028, FLR (SOFR - 1 day + 2.33%) to 9/13/2029 (n)
|
|
$
|
750,000
|
$795,639
|
|
AIB Group PLC, 5.871% to 3/28/2034, FLR (SOFR - 1 day + 1.91%) to 3/28/2035 (n)
|
|
|
438,000
|
462,454
|
|
Bank Hapolaim B.M., 4.722%, 7/14/2029 (n)
|
|
|
707,000
|
705,688
|
|
BPCE S.A., 2.277% to 1/20/2031, FLR (SOFR - 1 day + 1.312%) to 1/20/2032 (n)
|
|
|
460,000
|
409,755
|
|
CaixaBank S.A. , 3.375%, 6/26/2035
|
|
EUR
|
700,000
|
822,892
|
|
CBQ Finance Ltd., 4.625%, 9/10/2030
|
|
$
|
717,000
|
717,594
|
|
Deutsche Bank AG, 3%, 2/07/2031
|
|
EUR
|
500,000
|
591,473
|
|
M&T Bank Corp., 6.082% to 3/13/2031, FLR (SOFR - 1 day + 2.26%) to 3/13/2032
|
|
$
|
416,000
|
441,865
|
|
Manufacturers and Traders Trust Co., 4.7%, 1/27/2028
|
|
|
400,000
|
405,548
|
|
SNB Funding Ltd., 6%, 6/24/2035
|
|
|
472,000
|
483,034
|
|
|
|
|
|
$5,835,942
|
|
Pharmaceuticals – 0.3%
|
||||
|
AbbVie, Inc., 4.875%, 3/15/2030
|
|
$
|
334,000
|
$343,784
|
|
AbbVie, Inc., 5.35%, 3/15/2044
|
|
|
342,000
|
338,260
|
|
AbbVie, Inc., 5.4%, 3/15/2054
|
|
|
427,000
|
414,139
|
|
BMS Ireland Capital Funding DAC, 3.363%, 11/10/2033
|
|
EUR
|
410,000
|
484,706
|
|
Eli Lilly & Co., 5.5%, 2/12/2055
|
|
$
|
587,000
|
584,063
|
|
Merck & Co., Inc., 4.75%, 12/04/2035
|
|
|
576,000
|
571,072
|
|
Roche Holdings, Inc., 5.489%, 11/13/2030 (n)
|
|
|
302,000
|
318,901
|
|
Roche Holdings, Inc., 5.593%, 11/13/2033 (n)
|
|
|
281,000
|
299,957
|
|
Sandoz Finance B.V., 4%, 3/26/2035
|
|
EUR
|
280,000
|
338,984
|
|
|
|
|
|
$3,693,866
|
|
Precious Metals & Minerals – 0.0%
|
||||
|
Northern Star Resources Ltd. Co., 6.125%, 4/11/2033 (n)
|
|
$
|
482,000
|
$508,304
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Printing & Publishing – 0.1%
|
||||
|
Informa PLC, 3.375%, 6/09/2031
|
|
EUR
|
320,000
|
$380,093
|
|
News Corp., 3.875%, 5/15/2029 (n)
|
|
$
|
819,000
|
797,926
|
|
|
|
|
|
$1,178,019
|
|
Railroad & Shipping – 0.1%
|
||||
|
Burlington Northern Sante Fe LLC, 5.5%, 3/15/2055
|
|
$
|
768,000
|
$756,312
|
|
Union Pacific Corp., 3.25%, 2/05/2050
|
|
|
995,000
|
687,622
|
|
|
|
|
|
$1,443,934
|
|
Real Estate - Office – 0.1%
|
||||
|
Boston Properties LP, REIT, 2.75%, 10/01/2026
|
|
$
|
283,000
|
$280,477
|
|
COPT Defense Properties, 4.5%, 10/15/2030
|
|
|
476,000
|
474,854
|
|
Cousins Properties, Inc., REIT, 5.875%, 10/01/2034
|
|
|
298,000
|
310,977
|
|
Highwoods Realty LP, 5.35%, 1/15/2033
|
|
|
635,000
|
636,877
|
|
|
|
|
|
$1,703,185
|
|
Real Estate - Retail – 0.3%
|
||||
|
Choice Properties, REIT, 5.03%, 2/28/2031
|
|
CAD
|
898,000
|
$696,307
|
|
Hammerson PLC, 3.5%, 4/15/2032
|
|
EUR
|
580,000
|
679,354
|
|
Hammerson PLC, 5.875%, 10/08/2036
|
|
GBP
|
257,000
|
353,141
|
|
Klepierre S.A., 3.75%, 9/30/2037
|
|
EUR
|
300,000
|
352,185
|
|
STORE Capital Corp., REIT, 2.7%, 12/01/2031
|
|
$
|
812,000
|
718,667
|
|
WEA Finance LLC, REIT, 2.875%, 1/15/2027 (n)
|
|
|
803,000
|
792,396
|
|
|
|
|
|
$3,592,050
|
|
Retailers – 0.1%
|
||||
|
El Corte Inglés S.A., 3.5%, 7/24/2033
|
|
EUR
|
100,000
|
$117,123
|
|
Home Depot, Inc., 4.875%, 2/15/2044
|
|
$
|
281,000
|
262,819
|
|
Home Depot, Inc., 3.625%, 4/15/2052
|
|
|
471,000
|
346,176
|
|
|
|
|
|
$726,118
|
|
Specialty Chemicals – 0.0%
|
||||
|
Linde PLC, 3.4%, 2/14/2036
|
|
EUR
|
300,000
|
$350,970
|
|
Linde PLC, 3.75%, 11/20/2038
|
|
|
200,000
|
234,943
|
|
|
|
|
|
$585,913
|
|
Specialty Stores – 0.0%
|
||||
|
DICK'S Sporting Goods, 4.1%, 1/15/2052
|
|
$
|
678,000
|
$495,799
|
|
Supermarkets – 0.1%
|
||||
|
Kroger Co., 5.5%, 9/15/2054
|
|
$
|
365,000
|
$348,258
|
|
Tesco Corporate Treasury Services PLC, 3.375%, 5/06/2032
|
|
EUR
|
300,000
|
356,579
|
|
Tesco Corporate Treasury Services PLC, 5.125%, 5/22/2034
|
|
GBP
|
529,000
|
713,342
|
|
|
|
|
|
$1,418,179
|
|
Supranational – 0.6%
|
||||
|
African Development Bank, 5.875% to 8/07/2035, FLR (CMT - 5yr. + 1.653%) to 8/07/2174
|
|
$
|
424,000
|
$423,070
|
|
European Union, 3.125%, 12/05/2028
|
|
EUR
|
1,420,000
|
1,722,010
|
|
European Union, 2.75%, 12/13/2032
|
|
|
4,130,000
|
4,880,036
|
|
|
|
|
|
$7,025,116
|
|
Telecommunications - Wireless – 0.2%
|
||||
|
America Movil B.V., 3%, 9/30/2030
|
|
EUR
|
400,000
|
$473,670
|
|
American Tower Corp., 3.625%, 5/30/2032
|
|
|
250,000
|
299,787
|
|
Cellnex Finance Co. S.A., 3%, 1/19/2031
|
|
|
200,000
|
234,915
|
|
T-Mobile USA, Inc., 3.875%, 4/15/2030
|
|
$
|
175,000
|
172,001
|
|
T-Mobile USA, Inc., 5.05%, 7/15/2033
|
|
|
387,000
|
393,238
|
|
T-Mobile USA, Inc., 5.75%, 1/15/2034
|
|
|
295,000
|
311,404
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Telecommunications - Wireless – continued
|
||||
|
T-Mobile USA, Inc., 3.5%, 2/11/2037
|
|
EUR
|
460,000
|
$527,317
|
|
|
|
|
|
$2,412,332
|
|
Telephone Services – 0.0%
|
||||
|
Deutsche Telekom AG, 3.625%, 2/03/2045
|
|
EUR
|
310,000
|
$339,031
|
|
Tobacco – 0.2%
|
||||
|
B.A.T. International Finance PLC, 4.125%, 4/12/2032
|
|
EUR
|
462,000
|
$565,976
|
|
Imperial Brands Finance PLC, 3.875%, 8/02/2033
|
|
|
390,000
|
459,811
|
|
Japan Tobacco, Inc., 5.25%, 6/15/2030 (n)
|
|
$
|
566,000
|
584,818
|
|
Philip Morris International, Inc., 4.75%, 11/01/2031
|
|
|
605,000
|
616,393
|
|
|
|
|
|
$2,226,998
|
|
Transportation - Services – 0.3%
|
||||
|
Autoroutes du Sud de la France S.A., 3.375%, 1/19/2034
|
|
EUR
|
400,000
|
$470,960
|
|
Element Fleet Management Corp., 6.319%, 12/04/2028 (n)
|
|
$
|
300,000
|
316,133
|
|
Element Fleet Management Corp., 5.037%, 3/25/2030 (n)
|
|
|
562,000
|
574,198
|
|
Heathrow Funding Ltd., 5.625%, 2/05/2034
|
|
GBP
|
330,000
|
448,407
|
|
Heathrow Funding Ltd., 3.875%, 1/16/2036
|
|
EUR
|
590,000
|
694,809
|
|
Heathrow Funding Ltd., 5.875%, 5/13/2041
|
|
GBP
|
310,000
|
417,943
|
|
Transurban Finance Co. Pty Ltd., 4.225%, 4/26/2033
|
|
EUR
|
450,000
|
560,028
|
|
Transurban Finance Co. Pty Ltd., 4.033%, 11/26/2037
|
|
|
150,000
|
178,392
|
|
|
|
|
|
$3,660,870
|
|
U.S. Government Agencies and Equivalents – 0.0%
|
||||
|
Small Business Administration, 5.31%, 5/01/2027
|
|
$
|
8,186
|
$8,185
|
|
U.S. Treasury Obligations – 3.5%
|
||||
|
U.S. Treasury Bonds, 3.875%, 5/15/2043 (f)
|
|
$
|
10,215,000
|
$9,132,450
|
|
U.S. Treasury Bonds, 4.75%, 11/15/2053
|
|
|
3,978,000
|
3,885,853
|
|
U.S. Treasury Notes, 4%, 3/31/2030
|
|
|
16,658,000
|
16,823,929
|
|
U.S. Treasury Notes, 2.75%, 8/15/2032 (f)
|
|
|
6,435,000
|
5,977,763
|
|
U.S. Treasury Notes, 4.25%, 5/15/2035
|
|
|
7,921,000
|
7,938,327
|
|
|
|
|
|
$43,758,322
|
|
Utilities - Electric Power – 1.3%
|
||||
|
Adani Electricity Mumbai Ltd., 3.949%, 2/12/2030 (n)
|
|
$
|
642,000
|
$601,140
|
|
AEP Texas, Inc., 5.7%, 5/15/2034
|
|
|
588,000
|
613,248
|
|
AEP Transmission Co. LLC, 5.375%, 6/15/2035
|
|
|
455,000
|
467,892
|
|
Amprion GmbH, 3.875%, 6/05/2036
|
|
EUR
|
400,000
|
475,285
|
|
Berkshire Hathaway Energy Co., 5.15%, 11/15/2043
|
|
$
|
163,000
|
155,936
|
|
Berkshire Hathaway Energy Co., 4.6%, 5/01/2053
|
|
|
294,000
|
247,216
|
|
Bruce Power LP, 2.68%, 12/21/2028
|
|
CAD
|
387,000
|
280,923
|
|
Bruce Power LP, 4.27%, 12/21/2034
|
|
|
862,000
|
634,018
|
|
Duke Energy Florida LLC, 6.2%, 11/15/2053
|
|
$
|
646,000
|
691,723
|
|
E.ON International Finance B.V., 3.5%, 9/03/2035
|
|
EUR
|
960,000
|
1,128,604
|
|
E.ON International Finance B.V., 5.875%, 10/30/2037
|
|
GBP
|
500,000
|
691,221
|
|
Elia Transmission Belgium S.A., 3.5%, 10/08/2035
|
|
EUR
|
200,000
|
234,016
|
|
Emera U.S. Finance LP, 2.639%, 6/15/2031
|
|
$
|
951,000
|
860,185
|
|
Enel Finance International N.V., 2.5%, 7/12/2031 (n)
|
|
|
318,000
|
286,270
|
|
Enel Finance International N.V., 5.75%, 9/14/2040
|
|
GBP
|
310,000
|
416,398
|
|
Enel Finance International N.V., 4.75%, 5/25/2047 (n)
|
|
$
|
656,000
|
566,937
|
|
Eversource Energy, 4.45%, 12/15/2030
|
|
|
155,000
|
154,742
|
|
Eversource Energy, 5.5%, 1/01/2034
|
|
|
303,000
|
311,702
|
|
Florida Power & Light Co., 2.875%, 12/04/2051
|
|
|
665,000
|
424,746
|
|
Georgia Power Co., 4.95%, 5/17/2033
|
|
|
512,000
|
522,679
|
|
Hydro One, Inc., 4.25%, 1/04/2035
|
|
CAD
|
1,022,000
|
764,400
|
|
Jersey Central Power & Light Co., 2.75%, 3/01/2032 (n)
|
|
$
|
441,000
|
397,934
|
|
Jersey Central Power & Light Co., 5.1%, 1/15/2035
|
|
|
154,000
|
156,022
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Utilities - Electric Power – continued
|
||||
|
National Grid North America, Inc., 3.917%, 6/03/2035
|
|
EUR
|
540,000
|
$646,399
|
|
Northern States Power Co. of Minnesota, 5.05%, 5/15/2035
|
|
$
|
471,000
|
478,636
|
|
Oncor Electric Delivery Co. LLC, 5.35%, 4/01/2035 (n)
|
|
|
373,000
|
382,667
|
|
Pacific Gas & Electric Co., 6.1%, 1/15/2029
|
|
|
159,000
|
166,756
|
|
Pacific Gas & Electric Co., 6.4%, 6/15/2033
|
|
|
113,000
|
121,765
|
|
PPL Electric Utilities Corp. 1st Mortgage, 5.25%, 5/15/2053
|
|
|
713,000
|
680,402
|
|
PSEG Power LLC, 5.2%, 5/15/2030 (n)
|
|
|
613,000
|
628,846
|
|
Terna Rete Elettrica Nazionale S.p.A., 3%, 7/22/2031
|
|
EUR
|
560,000
|
659,059
|
|
Vistra Operations Co. LLC, 4.7%, 1/31/2031 (n)
|
|
$
|
476,000
|
475,333
|
|
Vistra Operations Co. LLC, 5.35%, 1/31/2036 (n)
|
|
|
476,000
|
473,439
|
|
Xcel Energy, Inc., 5.5%, 3/15/2034
|
|
|
275,000
|
283,154
|
|
Xcel Energy, Inc., 5.6%, 4/15/2035
|
|
|
57,000
|
58,870
|
|
|
|
|
|
$16,138,563
|
|
Utilities - Gas – 0.3%
|
||||
|
APA Infrastructure Ltd., 5.125%, 9/16/2034 (n)
|
|
$
|
339,000
|
$339,749
|
|
APA Infrastructure Ltd., 2.5%, 3/15/2036
|
|
GBP
|
910,000
|
943,074
|
|
APA Infrastructure Ltd., 5.75%, 9/16/2044 (n)
|
|
$
|
200,000
|
200,915
|
|
EP Infrastructure A.S., 4.125%, 2/27/2033
|
|
EUR
|
763,000
|
904,452
|
|
EP Infrastructure A.S., 4.375%, 1/29/2034
|
|
|
285,000
|
339,438
|
|
Spire, Inc., 6.25%, 6/01/2056
|
|
$
|
654,000
|
651,728
|
|
|
|
|
|
$3,379,356
|
|
Utilities - Other – 0.1%
|
||||
|
Severn Trent Utilities Finance PLC, 3.875%, 8/04/2035
|
|
EUR
|
490,000
|
$586,646
|
|
Severn Trent Utilities Finance PLC, 3.875%, 8/04/2037
|
|
|
410,000
|
479,398
|
|
|
|
|
|
$1,066,044
|
|
Total Bonds
|
|
$459,513,177
|
||
|
Preferred Stocks – 0.9%
|
||||
|
Computer Software - Systems – 0.2%
|
|
|
|
|
|
Samsung Electronics Co. Ltd.
|
|
28,830
|
$2,351,426
|
|
|
Consumer Products – 0.7%
|
|
|
|
|
|
Henkel AG & Co. KGaA
|
|
103,330
|
$9,083,281
|
|
|
Total Preferred Stocks
|
|
$11,434,707
|
||
|
Convertible Preferred Stocks – 0.6%
|
||||
|
Aerospace & Defense – 0.2%
|
|
|||
|
Boeing Co., 6%, 10/15/2027
|
|
26,865
|
$2,007,353
|
|
|
Utilities - Electric Power – 0.4%
|
|
|||
|
NextEra Energy, Inc., 7.234%, 11/01/2027
|
|
64,080
|
$3,273,206
|
|
|
PG&E Corp., 6%, 12/01/2027
|
|
43,713
|
1,746,772
|
|
|
|
|
|
|
$5,019,978
|
|
Total Convertible Preferred Stocks
|
$7,027,331
|
|||
|
Convertible Bonds – 0.0%
|
||||
|
Utilities - Electric Power – 0.0%
|
|
|||
|
PG&E Corp., 4.25%, 12/01/2027
|
|
$
|
594,000
|
$603,207
|
|
Mutual Funds (h) – 1.8%
|
||||
|
Money Market Funds – 1.8%
|
|
|||
|
MFS Institutional Money Market Portfolio, 3.73% (v)
|
|
|
22,411,649
|
$22,416,131
|
|
Underlying/Expiration Date/Exercise Price (Rate)
|
Put/Call
|
Counterparty
|
Notional
Amount
|
Par Amount/
Number of
Contracts
|
Value ($)
|
|
Purchased Options – 0.0%
|
|
||||
|
OTC Swaptions – 0.0%
|
|
||||
|
iTraxx Europe Main Series 44 Index Credit Default Swap - Fund pays 5%, Fund
receives notional amount upon a defined credit event of an index constituent –
4/15/2026 @ 3.25%
|
Put
|
Citibank N.A.
|
$13,690,000
|
N/A
|
$46,923
|
|
Issuer
|
|
|
Shares/Par
|
|
|
Collateral for Securities Loaned – 0.1%
|
||||
|
JPMorgan U.S. Government Money Market Fund - Class IM Shares, 3.64% (j)
|
|
|
1,470,887
|
$1,470,887
|
|
|
||||
|
Other Assets, Less Liabilities – 0.5%
|
|
5,954,227
|
||
|
Net Assets – 100.0%
|
$1,269,617,592
|
|||
|
(a)
|
Non-income producing security.
|
|
(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 $22,416,131 and
$1,241,247,234, 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.
|
|
(j)
|
The rate quoted is the annualized seven-day yield of the fund at period end.
|
|
(l)
|
A portion of this security is on loan. See Note 2 for additional information.
|
|
(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 $103,180,504,
representing 8.1% of net assets.
|
|
(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.
|
|
The following abbreviations are used in this report and are defined:
|
|
|
ADR
|
American Depositary Receipt
|
|
AGM
|
Assured Guaranty Municipal
|
|
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.
|
|
GDR
|
Global Depositary Receipt
|
|
GNMA
|
Government National Mortgage Assn.
|
|
ICE
|
Intercontinental Exchange
|
|
REIT
|
Real Estate Investment Trust
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
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
|
|
CAD
|
Canadian Dollar
|
|
CHF
|
Swiss Franc
|
|
CLP
|
Chilean Peso
|
|
CNH
|
Chinese Yuan Renminbi (Offshore)
|
|
CNY
|
China Yuan Renminbi
|
|
CZK
|
Czech Koruna
|
|
DKK
|
Danish Krone
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
HUF
|
Hungarian Forint
|
|
IDR
|
Indonesian Rupiah
|
|
ILS
|
Israeli Shekel
|
|
INR
|
Indian Rupee
|
|
ISK
|
Icelandic Krona
|
|
JPY
|
Japanese Yen
|
|
KRW
|
South Korean Won
|
|
MXN
|
Mexican Peso
|
|
MYR
|
Malaysian Ringgit
|
|
NOK
|
Norwegian Krone
|
|
NZD
|
New Zealand Dollar
|
|
PEN
|
Peruvian Nuevo Sol
|
|
PLN
|
Polish Zloty
|
|
RON
|
Romanian New Leu
|
|
SEK
|
Swedish Krona
|
|
SGD
|
Singapore Dollar
|
|
THB
|
Thai Baht
|
|
UYU
|
Uruguayan Peso
|
|
Derivative Contracts at 1/31/26
|
||||||
|
Forward Foreign Currency Exchange Contracts
|
||||||
|
Currency
Purchased
|
Currency
Sold
|
Counterparty
|
Settlement
Date
|
Unrealized
Appreciation
(Depreciation)
|
||
|
Asset Derivatives
|
||||||
|
AUD
|
5,432,569
|
USD
|
3,646,873
|
Barclays Bank PLC
|
4/17/2026
|
$135,148
|
|
AUD
|
1,405,071
|
USD
|
946,223
|
HSBC Bank
|
4/17/2026
|
31,952
|
|
AUD
|
360,824
|
USD
|
242,368
|
Merrill Lynch International
|
4/17/2026
|
8,829
|
|
CHF
|
2,269,308
|
USD
|
2,875,301
|
HSBC Bank
|
4/17/2026
|
83,810
|
|
CHF
|
154,153
|
USD
|
194,661
|
State Street Corp.
|
4/17/2026
|
6,350
|
|
CLP
|
1,426,852,269
|
USD
|
1,525,773
|
JPMorgan Chase Bank N.A.
|
2/19/2026
|
106,834
|
|
CNH
|
96,337,442
|
USD
|
13,880,676
|
Goldman Sachs International
|
4/17/2026
|
18,760
|
|
CNH
|
16,770,944
|
USD
|
2,418,200
|
Merrill Lynch International
|
4/17/2026
|
1,489
|
|
CZK
|
47,901,237
|
USD
|
2,296,075
|
HSBC Bank
|
4/17/2026
|
38,753
|
|
DKK
|
6,183,162
|
USD
|
968,718
|
State Street Corp.
|
4/17/2026
|
16,874
|
|
EUR
|
431,632
|
USD
|
506,276
|
Barclays Bank PLC
|
4/17/2026
|
7,158
|
|
EUR
|
1,232,440
|
USD
|
1,457,933
|
Citibank N.A.
|
4/17/2026
|
8,075
|
|
EUR
|
7,462,444
|
USD
|
8,729,522
|
HSBC Bank
|
4/17/2026
|
147,178
|
|
EUR
|
4,288,302
|
USD
|
5,014,050
|
JPMorgan Chase Bank N.A.
|
4/17/2026
|
86,957
|
|
EUR
|
870,729
|
USD
|
1,017,267
|
Merrill Lynch International
|
4/17/2026
|
18,479
|
|
EUR
|
2,531,238
|
USD
|
2,970,633
|
NatWest Markets PLC
|
4/17/2026
|
40,316
|
|
EUR
|
3,865,857
|
USD
|
4,517,821
|
State Street Corp.
|
4/17/2026
|
80,680
|
|
GBP
|
179,400
|
USD
|
241,145
|
BNP Paribas
|
4/17/2026
|
4,310
|
|
GBP
|
252,161
|
USD
|
339,184
|
HSBC Bank
|
4/17/2026
|
5,824
|
|
HUF
|
120,482,174
|
USD
|
361,011
|
State Street Corp.
|
4/17/2026
|
11,562
|
|
ILS
|
2,693,926
|
USD
|
851,639
|
Barclays Bank PLC
|
2/20/2026
|
17,560
|
|
JPY
|
336,668,931
|
USD
|
2,132,724
|
HSBC Bank
|
4/17/2026
|
56,429
|
|
JPY
|
2,947,559,408
|
USD
|
18,688,108
|
JPMorgan Chase Bank N.A.
|
4/17/2026
|
478,070
|
|
JPY
|
114,339,639
|
USD
|
729,980
|
Morgan Stanley Capital Services LLC
|
4/17/2026
|
13,501
|
|
KRW
|
1,133,698,924
|
USD
|
789,484
|
Barclays Bank PLC
|
4/15/2026
|
195
|
|
KRW
|
8,542,050,000
|
USD
|
5,848,566
|
Citibank N.A.
|
4/15/2026
|
101,408
|
|
KRW
|
2,265,574,642
|
USD
|
1,573,644
|
Citibank N.A.
|
4/16/2026
|
4,506
|
|
MYR
|
8,145,853
|
USD
|
2,005,133
|
Barclays Bank PLC
|
4/15/2026
|
64,511
|
|
NOK
|
3,555,652
|
USD
|
352,963
|
HSBC Bank
|
4/17/2026
|
16,098
|
|
NOK
|
24,704,742
|
USD
|
2,523,802
|
JPMorgan Chase Bank N.A.
|
4/17/2026
|
40,440
|
|
NZD
|
317,324
|
USD
|
183,661
|
Barclays Bank PLC
|
4/17/2026
|
7,925
|
|
PLN
|
5,501,924
|
USD
|
1,525,257
|
Barclays Bank PLC
|
4/17/2026
|
23,148
|
|
RON
|
2,511,859
|
USD
|
571,891
|
Citibank N.A.
|
4/17/2026
|
10,563
|
|
SEK
|
17,879,699
|
USD
|
1,949,124
|
State Street Corp.
|
4/17/2026
|
65,722
|
|
|
||||||
|
Forward Foreign Currency Exchange Contracts − continued
|
||||||
|
Currency
Purchased
|
Currency
Sold
|
Counterparty
|
Settlement
Date
|
Unrealized
Appreciation
(Depreciation)
|
||
|
Asset Derivatives − continued
|
||||||
|
SGD
|
1,369,201
|
USD
|
1,072,010
|
State Street Corp.
|
4/17/2026
|
$9,820
|
|
USD
|
846,207
|
AUD
|
1,205,915
|
State Street Corp.
|
4/17/2026
|
6,679
|
|
USD
|
1,216,766
|
CLP
|
1,061,385,000
|
Citibank N.A.
|
2/19/2026
|
2,327
|
|
USD
|
466,066
|
EUR
|
387,660
|
NatWest Markets PLC
|
4/17/2026
|
4,937
|
|
USD
|
1,990,351
|
EUR
|
1,656,177
|
State Street Corp.
|
4/17/2026
|
20,300
|
|
USD
|
452,078
|
GBP
|
327,766
|
State Street Corp.
|
4/17/2026
|
3,628
|
|
USD
|
5,179,662
|
THB
|
161,043,407
|
Barclays Bank PLC
|
4/17/2026
|
60,045
|
|
|
|
|
|
|
|
$1,867,150
|
|
Liability Derivatives
|
||||||
|
CNH
|
6,736,593
|
USD
|
972,181
|
Goldman Sachs International
|
4/17/2026
|
$(235
)
|
|
CNH
|
1,682,829
|
USD
|
242,798
|
State Street Corp.
|
4/17/2026
|
(1
)
|
|
EUR
|
483,587
|
USD
|
581,452
|
State Street Corp.
|
4/17/2026
|
(6,217
)
|
|
IDR
|
32,912,654,350
|
USD
|
1,960,370
|
Merrill Lynch International
|
4/30/2026
|
(2,429
)
|
|
SGD
|
3,072,116
|
USD
|
2,443,363
|
Merrill Lynch International
|
4/17/2026
|
(16,030
)
|
|
THB
|
101,965,305
|
USD
|
3,282,110
|
Chase Manhattan Bank
|
4/17/2026
|
(40,603
)
|
|
USD
|
2,263,997
|
CAD
|
3,131,432
|
Merrill Lynch International
|
4/17/2026
|
(42,821
)
|
|
USD
|
1,500,237
|
CAD
|
2,049,882
|
State Street Corp.
|
4/17/2026
|
(9,840
)
|
|
USD
|
142,657
|
CHF
|
112,512
|
Citibank N.A.
|
4/17/2026
|
(4,055
)
|
|
USD
|
586,115
|
CLP
|
520,751,000
|
JPMorgan Chase Bank N.A.
|
2/19/2026
|
(9,730
)
|
|
USD
|
387,989
|
CNH
|
2,691,767
|
Goldman Sachs International
|
4/17/2026
|
(375
)
|
|
USD
|
494,480
|
CNH
|
3,431,000
|
State Street Corp.
|
4/17/2026
|
(540
)
|
|
USD
|
1,479,414
|
CZK
|
30,760,083
|
Citibank N.A.
|
4/17/2026
|
(19,911
)
|
|
USD
|
484,008
|
CZK
|
9,946,691
|
State Street Corp.
|
4/17/2026
|
(819
)
|
|
USD
|
48,606
|
DKK
|
306,217
|
Morgan Stanley Capital Services LLC
|
4/17/2026
|
(205
)
|
|
USD
|
6,361,444
|
EUR
|
5,434,768
|
HSBC Bank
|
4/17/2026
|
(103,304
)
|
|
USD
|
465,279
|
EUR
|
397,028
|
JPMorgan Chase Bank N.A.
|
4/17/2026
|
(6,992
)
|
|
USD
|
1,285,808
|
EUR
|
1,097,064
|
Morgan Stanley Capital Services LLC
|
4/17/2026
|
(19,167
)
|
|
USD
|
7,876,472
|
EUR
|
6,720,224
|
State Street Corp.
|
4/17/2026
|
(117,344
)
|
|
USD
|
1,847,795
|
GBP
|
1,373,716
|
HSBC Bank
|
4/17/2026
|
(31,729
)
|
|
USD
|
951,794
|
GBP
|
706,826
|
JPMorgan Chase Bank N.A.
|
4/17/2026
|
(15,288
)
|
|
USD
|
15,680
|
INR
|
1,452,043
|
JPMorgan Chase Bank N.A.
|
4/30/2026
|
(3
)
|
|
USD
|
17,869,592
|
KRW
|
25,998,112,381
|
Citibank N.A.
|
4/15/2026
|
(239,419
)
|
|
USD
|
725,047
|
KRW
|
1,059,080,000
|
Morgan Stanley Capital Services LLC
|
4/15/2026
|
(12,657
)
|
|
USD
|
518,934
|
MXN
|
9,329,131
|
Barclays Bank PLC
|
4/17/2026
|
(11,221
)
|
|
USD
|
2,348,303
|
NOK
|
23,677,402
|
JPMorgan Chase Bank N.A.
|
4/17/2026
|
(109,306
)
|
|
USD
|
669,891
|
NZD
|
1,161,573
|
HSBC Bank
|
4/17/2026
|
(31,418
)
|
|
USD
|
1,068,919
|
NZD
|
1,846,739
|
State Street Corp.
|
4/17/2026
|
(46,065
)
|
|
USD
|
145,709
|
SEK
|
1,301,900
|
Barclays Bank PLC
|
4/17/2026
|
(1,001
)
|
|
USD
|
2,420,963
|
SGD
|
3,102,707
|
Merrill Lynch International
|
4/17/2026
|
(30,540
)
|
|
|
|
|
|
|
|
$(929,265
)
|
|
Futures Contracts
|
||||||
|
Description
|
Long/
Short
|
Currency
|
Contracts
|
Notional
Amount
|
Expiration
Date
|
Value/Unrealized
Appreciation
(Depreciation)
|
|
Asset Derivatives
|
||||||
|
Interest Rate Futures
|
||||||
|
Australian Bond 3 yr
|
Short
|
AUD
|
250
|
$18,240,926
|
March – 2026
|
$48,478
|
|
Canadian Treasury Bond 10 yr
|
Short
|
CAD
|
20
|
1,778,431
|
March – 2026
|
24,469
|
|
Euro-Bobl 5 yr
|
Long
|
EUR
|
98
|
13,545,919
|
March – 2026
|
25,266
|
|
Euro-Bund 10 yr
|
Short
|
EUR
|
172
|
26,131,325
|
March – 2026
|
88,321
|
|
Euro-Buxl 30 yr
|
Short
|
EUR
|
32
|
4,167,880
|
March – 2026
|
16,595
|
|
Futures Contracts − continued
|
||||||
|
Description
|
Long/
Short
|
Currency
|
Contracts
|
Notional
Amount
|
Expiration
Date
|
Value/Unrealized
Appreciation
(Depreciation)
|
|
Asset Derivatives − continued
|
||||||
|
Interest Rate Futures − continued
|
||||||
|
Euro-Schatz 2 yr
|
Long
|
EUR
|
215
|
$27,244,766
|
March – 2026
|
$42,413
|
|
U.S. Treasury Ultra Bond 30 yr
|
Short
|
USD
|
6
|
704,625
|
March – 2026
|
20,227
|
|
U.S. Treasury Ultra Note 10 yr
|
Short
|
USD
|
237
|
27,055,031
|
March – 2026
|
198,667
|
|
|
|
|
|
|
|
$464,436
|
|
Liability Derivatives
|
||||||
|
Interest Rate Futures
|
||||||
|
Long Gilt 10 yr
|
Long
|
GBP
|
2
|
$248,629
|
March – 2026
|
$(2,607
)
|
|
U.S. Treasury Bond 30 yr
|
Long
|
USD
|
14
|
1,611,750
|
March – 2026
|
(30,679
)
|
|
U.S. Treasury Note 10 yr
|
Long
|
USD
|
14
|
1,565,594
|
March – 2026
|
(20,828
)
|
|
U.S. Treasury Note 2 yr
|
Long
|
USD
|
272
|
56,709,875
|
March – 2026
|
(45,350
)
|
|
U.S. Treasury Note 5 yr
|
Long
|
USD
|
113
|
12,309,055
|
March – 2026
|
(9,915
)
|
|
|
|
|
|
|
|
$(109,379
)
|
|
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
|
38,000,000
|
centrally cleared
|
1.6445% / Quarterly
|
CFRR / Quarterly
|
$14,366
|
$—
|
$14,366
|
|
Liability Derivatives
|
|
|
|
|||||
|
Interest Rate Swaps
|
|
|
|
|||||
|
12/13/29
|
CNY
|
50,200,000
|
centrally cleared
|
1.49% / Quarterly
|
CFRR / Quarterly
|
$(25,269
)
|
$94
|
$(25,175
)
|
|
11/26/30
|
CNY
|
21,400,000
|
centrally cleared
|
1.5772% / Quarterly
|
CFRR / Quarterly
|
(6,048
)
|
—
|
(6,048
)
|
|
|
|
|
|
|
|
$(31,317
)
|
$94
|
$(31,223
)
|
|
Inflation Swaps
|
|
|
|
|||||
|
10/14/28
|
USD
|
26,500,000
|
centrally cleared
|
CPI-U / Annually
|
2.74% / Annually
|
$(142,086
)
|
$—
|
$(142,086
)
|
|
|
|
|
|
|
|
$(173,403
)
|
$94
|
$(173,309
)
|
|
Financial Instruments
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Equity Securities:
|
|
|
|
|
|
United States
|
$397,017,049
|
$—
|
$—
|
$397,017,049
|
|
United Kingdom
|
81,793,913
|
—
|
—
|
81,793,913
|
|
France
|
63,021,496
|
—
|
—
|
63,021,496
|
|
Japan
|
57,797,678
|
—
|
—
|
57,797,678
|
|
Switzerland
|
41,765,270
|
—
|
—
|
41,765,270
|
|
Netherlands
|
18,561,722
|
—
|
—
|
18,561,722
|
|
China
|
18,154,828
|
—
|
—
|
18,154,828
|
|
Germany
|
16,954,366
|
—
|
—
|
16,954,366
|
|
Canada
|
15,855,533
|
—
|
—
|
15,855,533
|
|
Other Countries
|
68,691,185
|
—
|
0
|
68,691,185
|
|
U.S. Treasury Bonds & U.S. Government Agencies & Equivalents
|
—
|
43,766,507
|
—
|
43,766,507
|
|
Non - U.S. Sovereign Debt
|
—
|
207,849,249
|
—
|
207,849,249
|
|
Municipal Bonds
|
—
|
4,919,374
|
—
|
4,919,374
|
|
U.S. Corporate Bonds
|
—
|
71,895,605
|
—
|
71,895,605
|
|
Residential Mortgage-Backed Securities
|
—
|
49,948,826
|
—
|
49,948,826
|
|
Commercial Mortgage-Backed Securities
|
—
|
9,403,971
|
—
|
9,403,971
|
|
Asset-Backed Securities (including CDOs)
|
—
|
8,549,507
|
—
|
8,549,507
|
|
Foreign Bonds
|
—
|
63,783,345
|
—
|
63,783,345
|
|
Purchased Options
|
—
|
46,923
|
—
|
46,923
|
|
Investment Companies
|
23,887,018
|
—
|
—
|
23,887,018
|
|
Total
|
$803,500,058
|
$460,163,307
|
$0
|
$1,263,663,365
|
|
Other Financial Instruments
|
|
|
|
|
|
Futures Contracts – Assets
|
$464,436
|
$—
|
$—
|
$464,436
|
|
Futures Contracts – Liabilities
|
(109,379
)
|
—
|
—
|
(109,379
)
|
|
Forward Foreign Currency Exchange Contracts – Assets
|
—
|
1,867,150
|
—
|
1,867,150
|
|
Forward Foreign Currency Exchange Contracts – Liabilities
|
—
|
(929,265
)
|
—
|
(929,265
)
|
|
Swap Agreements – Assets
|
—
|
14,366
|
—
|
14,366
|
|
Swap Agreements – Liabilities
|
—
|
(173,309
)
|
—
|
(173,309
)
|
|
Affiliated Issuers
|
Beginning
Value
|
Purchases
|
Sales
Proceeds
|
Realized
Gain
(Loss)
|
Change in
Unrealized
Appreciation or
Depreciation
|
Ending
Value
|
|
MFS Institutional Money Market Portfolio
|
$25,218,111
|
$124,945,269
|
$127,746,621
|
$(959
)
|
$331
|
$22,416,131
|
|
Affiliated Issuers
|
Dividend
Income
|
Capital Gain
Distributions
|
|
MFS Institutional Money Market Portfolio
|
$205,876
|
$—
|
|
United States
|
47.8%
|
|
United Kingdom
|
8.6%
|
|
France
|
6.6%
|
|
Japan
|
6.1%
|
|
China
|
5.4%
|
|
Switzerland
|
3.5%
|
|
Canada
|
2.7%
|
|
Italy
|
2.6%
|
|
Germany
|
2.6%
|
|
Other Countries
|
14.1%
|
