|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – 74.0%
|
||||
|
Aerospace & Defense – 2.2%
|
|
|||
|
Amprius Technologies, Inc. (a)
|
|
3,076
|
$38,266
|
|
|
Axon Enterprise, Inc. (a)
|
|
348
|
168,286
|
|
|
Babcock International Group PLC
|
|
3,243
|
63,679
|
|
|
BETA Technologies, Inc., “A” (a)
|
|
534
|
11,481
|
|
|
Boeing Co. (a)
|
|
2,918
|
681,995
|
|
|
BWX Technologies, Inc.
|
|
2,858
|
587,119
|
|
|
CACI International, Inc., “A” (a)
|
|
148
|
91,846
|
|
|
Curtiss-Wright Corp.
|
|
328
|
215,394
|
|
|
General Dynamics Corp.
|
|
837
|
293,862
|
|
|
General Electric Co.
|
|
1,505
|
461,719
|
|
|
Hexcel Corp.
|
|
1,624
|
134,484
|
|
|
Howmet Aerospace, Inc.
|
|
2,829
|
588,658
|
|
|
Karman Holdings, Inc. (a)
|
|
424
|
44,011
|
|
|
KBR, Inc.
|
|
951
|
40,712
|
|
|
L3Harris Technologies, Inc.
|
|
260
|
89,141
|
|
|
Leidos Holdings, Inc.
|
|
380
|
71,546
|
|
|
Leonardo DRS, Inc.
|
|
1,692
|
69,474
|
|
|
Mirion Technologies, Inc. (a)
|
|
3,817
|
94,814
|
|
|
MTU Aero Engines Holding AG
|
|
693
|
307,632
|
|
|
RTX Corp.
|
|
532
|
106,895
|
|
|
Singapore Technologies Engineering Ltd.
|
|
16,200
|
124,802
|
|
|
Standard Aero, Inc. (a)
|
|
4,024
|
124,301
|
|
|
Textron, Inc.
|
|
5,688
|
500,885
|
|
|
Thales S.A.
|
|
401
|
121,683
|
|
|
York Space Systems, Inc. (a)
|
|
808
|
27,432
|
|
|
|
|
|
|
$5,060,117
|
|
Airlines – 0.1%
|
|
|||
|
Alaska Air Group, Inc. (a)
|
|
1,732
|
$88,038
|
|
|
Delta Air Lines, Inc.
|
|
941
|
62,002
|
|
|
Qantas Airways Ltd.
|
|
8,429
|
59,106
|
|
|
Southwest Airlines Co.
|
|
1,376
|
65,388
|
|
|
|
|
|
|
$274,534
|
|
Alcoholic Beverages – 0.7%
|
|
|||
|
Brown-Forman Corp., “ B”
|
|
1,405
|
$38,455
|
|
|
Carlsberg Group
|
|
619
|
83,806
|
|
|
China Resources Beer Holdings Co. Ltd.
|
|
37,000
|
124,184
|
|
|
Davide Campari-Milano N.V. (l)
|
|
10,222
|
72,506
|
|
|
Heineken N.V.
|
|
7,432
|
610,852
|
|
|
Pernod Ricard S.A.
|
|
6,893
|
613,450
|
|
|
|
|
|
|
$1,543,253
|
|
Apparel Manufacturers – 0.6%
|
|
|||
|
Birkenstock Holding PLC (a)
|
|
1,988
|
$75,067
|
|
|
Burberry Group PLC (a)
|
|
1,569
|
23,595
|
|
|
Columbia Sportswear Co.
|
|
991
|
54,782
|
|
|
Compagnie Financiere Richemont S.A.
|
|
2,053
|
397,162
|
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
|
1,183
|
766,901
|
|
|
Wolverine World Wide, Inc.
|
|
1,566
|
27,750
|
|
|
|
|
|
|
$1,345,257
|
|
Automotive – 0.7%
|
|
|||
|
Aptiv PLC (a)
|
|
2,298
|
$174,073
|
|
|
Atmus Filtration Technologies, Inc.
|
|
1,203
|
69,738
|
|
|
Carvana Co. (a)
|
|
505
|
202,561
|
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Automotive – continued
|
|
|||
|
Compagnie Generale des Etablissements Michelin
|
|
1,617
|
$60,089
|
|
|
Goodyear Tire & Rubber Co. (a)
|
|
3,687
|
34,695
|
|
|
Group 1 Automotive, Inc.
|
|
138
|
48,888
|
|
|
LKQ Corp.
|
|
1,807
|
59,360
|
|
|
Modine Manufacturing Co. (a)
|
|
603
|
111,350
|
|
|
Niterra Co. Ltd.
|
|
3,000
|
130,867
|
|
|
Shimano, Inc.
|
|
2,400
|
273,404
|
|
|
Stanley Electric Co. Ltd.
|
|
3,000
|
59,027
|
|
|
Suzuki Motor Corp.
|
|
7,900
|
107,530
|
|
|
Tesla, Inc. (a)
|
|
318
|
136,870
|
|
|
Toyota Industries Corp.
|
|
400
|
51,060
|
|
|
Visteon Corp.
|
|
920
|
83,591
|
|
|
|
|
|
|
$1,603,103
|
|
Biotechnology – 0.7%
|
|
|||
|
ABSCI Corp. (a)(l)
|
|
4,070
|
$12,169
|
|
|
Adaptive Biotechnologies Corp. (a)
|
|
2,083
|
38,535
|
|
|
Biogen, Inc. (a)
|
|
226
|
40,655
|
|
|
CG Oncology, Inc. (a)
|
|
474
|
24,672
|
|
|
Cogent Biosciences, Inc. (a)
|
|
545
|
19,571
|
|
|
CSL Ltd.
|
|
720
|
90,959
|
|
|
Exact Sciences Corp. (a)
|
|
2,981
|
305,076
|
|
|
Gilead Sciences, Inc.
|
|
7,062
|
1,002,451
|
|
|
Immunocore Holdings PLC, ADR (a)
|
|
1,042
|
33,917
|
|
|
|
|
|
|
$1,568,005
|
|
Broadcasting – 0.8%
|
|
|||
|
Netflix, Inc. (a)
|
|
1,448
|
$120,894
|
|
|
Nexstar Media Group, Inc.
|
|
492
|
104,491
|
|
|
Nippon Television Holdings, Inc.
|
|
4,600
|
110,393
|
|
|
Omnicom Group, Inc.
|
|
1,276
|
98,303
|
|
|
Spotify Technology S.A. (a)
|
|
1,909
|
955,168
|
|
|
Tencent Music Entertainment Group, ADR
|
|
7,772
|
130,414
|
|
|
TKO Group Holdings, Inc.
|
|
1,417
|
287,056
|
|
|
|
|
|
|
$1,806,719
|
|
Brokerage & Asset Managers – 3.4%
|
|
|||
|
Ares Management Co.
|
|
2,098
|
$314,008
|
|
|
B3 S.A. - Brasil Bolsa Balcao
|
|
190,700
|
585,208
|
|
|
Bank of New York Mellon Corp.
|
|
5,910
|
708,727
|
|
|
Barclays PLC
|
|
30,083
|
200,140
|
|
|
Bolsa Mexicana de Valores S.A. de C.V.
|
|
55,700
|
111,712
|
|
|
Bullish (a)
|
|
534
|
16,127
|
|
|
Carlyle Group, Inc.
|
|
3,462
|
203,496
|
|
|
Charles Schwab Corp.
|
|
647
|
67,236
|
|
|
Citigroup, Inc.
|
|
15,539
|
1,798,018
|
|
|
CME Group, Inc.
|
|
224
|
64,749
|
|
|
Deutsche Boerse AG
|
|
1,790
|
452,575
|
|
|
Euronext N.V.
|
|
957
|
133,743
|
|
|
GCM Grosvenor, Inc., “A”
|
|
3,458
|
39,145
|
|
|
Hamilton Lane, Inc., “A”
|
|
703
|
99,292
|
|
|
Interactive Brokers Group, Inc.
|
|
4,166
|
311,950
|
|
|
KKR & Co., Inc.
|
|
5,802
|
662,937
|
|
|
London Stock Exchange Group PLC
|
|
912
|
101,357
|
|
|
LPL Financial Holdings, Inc.
|
|
673
|
245,308
|
|
|
Miami International Holdings, Inc. (a)
|
|
704
|
29,378
|
|
|
NASDAQ, Inc.
|
|
9,360
|
906,890
|
|
|
P10, Inc.
|
|
4,711
|
50,785
|
|
|
PJT Partners, Inc.
|
|
461
|
79,767
|
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Brokerage & Asset Managers – continued
|
|
|||
|
Raymond James Financial, Inc.
|
|
610
|
$101,175
|
|
|
Robinhood Markets, Inc. (a)
|
|
1,552
|
154,393
|
|
|
StepStone Group, Inc.
|
|
1,079
|
76,275
|
|
|
TMX Group Ltd.
|
|
4,560
|
168,348
|
|
|
TPG, Inc.
|
|
911
|
53,667
|
|
|
WisdomTree Investments, Inc.
|
|
3,951
|
64,006
|
|
|
|
|
|
|
$7,800,412
|
|
Business Services – 0.9%
|
|
|||
|
Accenture PLC, “A”
|
|
1,779
|
$469,016
|
|
|
Bunzl PLC
|
|
2,083
|
58,374
|
|
|
Cognizant Technology Solutions Corp., “A”
|
|
949
|
77,875
|
|
|
Experian PLC
|
|
5,913
|
223,151
|
|
|
Fidelity National Information Services, Inc.
|
|
1,066
|
58,896
|
|
|
Fujitsu Ltd.
|
|
4,100
|
113,468
|
|
|
Global Payments, Inc.
|
|
765
|
54,881
|
|
|
Intertek Group PLC
|
|
2,436
|
148,798
|
|
|
MARA Holdings, Inc. (a)(l)
|
|
1,954
|
18,563
|
|
|
NCR Atleos Corp. (a)
|
|
2,182
|
81,389
|
|
|
Nomura Research Institute Ltd.
|
|
7,600
|
230,858
|
|
|
NS Solutions Corp.
|
|
3,200
|
84,425
|
|
|
OBIC Co. Ltd.
|
|
5,700
|
158,264
|
|
|
Sodexo
|
|
2,163
|
110,607
|
|
|
TransUnion
|
|
1,321
|
104,385
|
|
|
Zscaler, Inc. (a)
|
|
358
|
71,604
|
|
|
|
|
|
|
$2,064,554
|
|
Chemicals – 0.1%
|
|
|||
|
Avient Corp.
|
|
1,669
|
$60,334
|
|
|
BioLife Solutions, Inc. (a)
|
|
2,243
|
48,897
|
|
|
Eastman Chemical Co.
|
|
853
|
59,130
|
|
|
Element Solutions, Inc.
|
|
2,659
|
77,377
|
|
|
FUJIFILM Holdings Corp.
|
|
2,200
|
43,884
|
|
|
Qnity Electronics, Inc.
|
|
483
|
46,455
|
|
|
|
|
|
|
$336,077
|
|
Computer Software – 4.5%
|
|
|||
|
ACI Worldwide, Inc. (a)
|
|
1,200
|
$52,032
|
|
|
Adobe Systems, Inc. (a)
|
|
1,474
|
432,250
|
|
|
Alkami Technology, Inc. (a)
|
|
2,894
|
61,324
|
|
|
AppLovin Corp. (a)
|
|
680
|
321,715
|
|
|
Atlassian Corp. (a)
|
|
97
|
11,463
|
|
|
Autodesk, Inc. (a)
|
|
1,225
|
309,766
|
|
|
Cadence Design Systems, Inc. (a)(f)
|
|
1,914
|
567,233
|
|
|
CCC Intelligent Holdings, Inc. (a)
|
|
8,594
|
65,143
|
|
|
Check Point Software Technologies Ltd. (a)
|
|
280
|
50,263
|
|
|
Cloudflare, Inc., “A” (a)
|
|
780
|
138,333
|
|
|
Computer Modelling Group Ltd.
|
|
27,857
|
98,813
|
|
|
Constellation Software, Inc.
|
|
110
|
203,008
|
|
|
CrowdStrike Holdings, Inc. (a)
|
|
882
|
389,319
|
|
|
Dassault Systemes SE
|
|
16,600
|
456,896
|
|
|
Datadog, Inc., “A” (a)
|
|
1,500
|
193,980
|
|
|
Elastic N.V. (a)
|
|
383
|
25,251
|
|
|
Guidewire Software, Inc. (a)
|
|
1,403
|
197,486
|
|
|
JFrog Ltd. (a)
|
|
1,638
|
89,762
|
|
|
Kinaxis, Inc. (a)
|
|
1,489
|
150,360
|
|
|
Microsoft Corp. (f)(s)
|
|
9,108
|
3,919,081
|
|
|
MongoDB, Inc. (a)
|
|
217
|
80,579
|
|
|
nCino, Inc. (a)
|
|
1,284
|
27,413
|
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Computer Software – continued
|
|
|||
|
Netskope, Inc., “A” (a)
|
|
4,192
|
$62,251
|
|
|
Okta, Inc. (a)
|
|
6,337
|
535,350
|
|
|
Pegasystems, Inc.
|
|
1,643
|
71,783
|
|
|
Salesforce, Inc.
|
|
1,651
|
350,491
|
|
|
SAP SE
|
|
4,645
|
939,095
|
|
|
SentinelOne, Inc., “A” (a)
|
|
1,975
|
27,611
|
|
|
ServiceTitan, Inc., “A” (a)
|
|
447
|
35,018
|
|
|
Thryv, Inc. (a)
|
|
4,704
|
22,626
|
|
|
Totvs S.A.
|
|
37,700
|
319,280
|
|
|
Vertex, Inc., “A” (a)
|
|
2,839
|
52,663
|
|
|
Wisetech Global Ltd.
|
|
2,479
|
100,123
|
|
|
|
|
|
|
$10,357,761
|
|
Computer Software - Systems – 3.2%
|
|
|||
|
Amadeus IT Group S.A.
|
|
11,724
|
$786,851
|
|
|
Apple, Inc. (f)
|
|
18,519
|
4,805,310
|
|
|
Arista Networks, Inc. (a)
|
|
317
|
44,932
|
|
|
Box, Inc., “A” (a)
|
|
2,173
|
55,086
|
|
|
CDW Corp.
|
|
370
|
46,764
|
|
|
Cisco Systems, Inc.
|
|
2,272
|
177,943
|
|
|
Digi International, Inc. (a)
|
|
901
|
38,806
|
|
|
Hitachi Ltd.
|
|
19,700
|
682,422
|
|
|
Insight Enterprises, Inc. (a)
|
|
466
|
39,153
|
|
|
NEC Corp.
|
|
1,300
|
43,765
|
|
|
Q2 Holdings, Inc. (a)
|
|
905
|
55,431
|
|
|
Samsung Electronics Co. Ltd.
|
|
1,023
|
114,069
|
|
|
Seagate Technology Holdings PLC
|
|
248
|
101,107
|
|
|
Shopify, Inc. (a)
|
|
238
|
31,233
|
|
|
Venture Corp. Ltd.
|
|
13,200
|
169,657
|
|
|
Wix.com Ltd. (a)
|
|
412
|
35,778
|
|
|
Zebra Technologies Corp., “A” (a)
|
|
179
|
42,061
|
|
|
|
|
|
|
$7,270,368
|
|
Construction – 1.4%
|
|
|||
|
Allegion PLC
|
|
718
|
$118,750
|
|
|
Breedon Group PLC
|
|
26,198
|
120,593
|
|
|
Builders FirstSource, Inc. (a)
|
|
326
|
37,294
|
|
|
Compagnie de Saint-Gobain S.A.
|
|
3,848
|
379,585
|
|
|
CRH PLC
|
|
4,823
|
590,383
|
|
|
Equity Lifestyle Properties, Inc., REIT
|
|
1,055
|
66,644
|
|
|
Essex Property Trust, Inc., REIT
|
|
222
|
55,915
|
|
|
Ferguson Enterprises, Inc.
|
|
321
|
81,040
|
|
|
Independence Realty Trust, Inc., REIT
|
|
6,697
|
111,840
|
|
|
James Hardie Industries PLC (a)
|
|
5,099
|
117,226
|
|
|
James Hardie Industries PLC, GDR (a)
|
|
3,058
|
70,548
|
|
|
Knife River Corp. (a)
|
|
1,143
|
76,775
|
|
|
M/I Homes, Inc. (a)
|
|
435
|
58,160
|
|
|
Mid-America Apartment Communities, Inc., REIT
|
|
399
|
53,586
|
|
|
Mohawk Industries, Inc. (a)
|
|
415
|
49,128
|
|
|
Otis Worldwide Corp.
|
|
642
|
54,840
|
|
|
Pulte Homes, Inc.
|
|
970
|
121,337
|
|
|
QXO, Inc. (a)
|
|
6,385
|
141,619
|
|
|
Sherwin-Williams Co.
|
|
86
|
30,499
|
|
|
Sika AG
|
|
278
|
53,331
|
|
|
Simpson Manufacturing Co., Inc.
|
|
364
|
64,348
|
|
|
Smith Douglas Homes Corp. (a)(l)
|
|
842
|
15,190
|
|
|
Stanley Black & Decker, Inc.
|
|
664
|
52,230
|
|
|
Taylor Morrison Home Corp. (a)
|
|
609
|
37,119
|
|
|
Techtronic Industries Co. Ltd.
|
|
19,000
|
259,021
|
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Construction – continued
|
|
|||
|
Vulcan Materials Co.
|
|
1,414
|
$424,964
|
|
|
|
|
|
|
$3,241,965
|
|
Consumer Products – 1.0%
|
|
|||
|
Beiersdorf AG
|
|
920
|
$109,543
|
|
|
Colgate-Palmolive Co. (f)
|
|
6,798
|
613,791
|
|
|
Estée Lauder Cos., Inc., “A”
|
|
63
|
7,263
|
|
|
Haleon PLC
|
|
125,227
|
649,262
|
|
|
International Flavors & Fragrances, Inc.
|
|
702
|
49,007
|
|
|
Kenvue, Inc.
|
|
5,666
|
98,588
|
|
|
Kimberly-Clark Corp.
|
|
2,783
|
278,272
|
|
|
Newell Brands, Inc.
|
|
11,160
|
47,430
|
|
|
ODDITY Tech Ltd. (a)
|
|
1,216
|
39,933
|
|
|
Prestige Consumer Healthcare, Inc. (a)
|
|
1,030
|
66,404
|
|
|
Reckitt Benckiser Group PLC (a)
|
|
2,186
|
182,225
|
|
|
Uni-Charm Corp.
|
|
11,200
|
67,985
|
|
|
|
|
|
|
$2,209,703
|
|
Consumer Services – 0.5%
|
|
|||
|
Adtalem Global Education, Inc. (a)
|
|
745
|
$77,145
|
|
|
Asante, Inc.
|
|
9,800
|
101,571
|
|
|
Booking Holdings, Inc.
|
|
121
|
605,223
|
|
|
Grand Canyon Education, Inc. (a)
|
|
201
|
34,942
|
|
|
Lyft, Inc. (a)
|
|
5,518
|
93,089
|
|
|
Meitec Group Holdings, Inc.
|
|
4,700
|
105,018
|
|
|
Phoenix Educations Partners, Inc. (l)
|
|
862
|
26,299
|
|
|
Uber Technologies, Inc. (a)
|
|
465
|
37,223
|
|
|
|
|
|
|
$1,080,510
|
|
Containers – 0.1%
|
|
|||
|
Amcor PLC
|
|
1,135
|
$50,224
|
|
|
Avery Dennison Corp.
|
|
309
|
57,322
|
|
|
Graphic Packaging Holding Co.
|
|
5,955
|
87,241
|
|
|
Silgan Holdings, Inc.
|
|
1,513
|
65,286
|
|
|
Verallia (l)
|
|
2,667
|
69,865
|
|
|
|
|
|
|
$329,938
|
|
Electrical Equipment – 2.2%
|
|
|||
|
Advanced Drainage Systems, Inc.
|
|
267
|
$40,595
|
|
|
Amphenol Corp., “A”
|
|
2,514
|
362,217
|
|
|
Corning, Inc.
|
|
1,249
|
128,959
|
|
|
Eaton Corp. PLC
|
|
836
|
293,787
|
|
|
Emerson Electric Co.
|
|
420
|
61,723
|
|
|
Hubbell, Inc.
|
|
119
|
58,065
|
|
|
Itron, Inc. (a)
|
|
279
|
27,643
|
|
|
Legrand S.A.
|
|
3,943
|
630,968
|
|
|
Littlefuse, Inc.
|
|
312
|
101,013
|
|
|
Mitsubishi Electric Corp.
|
|
23,400
|
730,305
|
|
|
nVent Electric PLC
|
|
2,092
|
234,848
|
|
|
Resideo Technologies, Inc. (a)
|
|
921
|
31,553
|
|
|
Schneider Electric SE
|
|
7,188
|
2,064,468
|
|
|
TE Connectivity PLC
|
|
212
|
47,229
|
|
|
TriMas Corp.
|
|
1,211
|
42,107
|
|
|
Vontier Corp.
|
|
1,700
|
63,750
|
|
|
W.W. Grainger, Inc.
|
|
37
|
39,958
|
|
|
|
|
|
|
$4,959,188
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Electronics – 6.8%
|
|
|||
|
Advanced Energy Industries, Inc.
|
|
871
|
$222,418
|
|
|
Analog Devices, Inc.
|
|
2,249
|
699,169
|
|
|
Applied Materials, Inc.
|
|
2,739
|
882,834
|
|
|
ASM International N.V.
|
|
187
|
157,334
|
|
|
ASML Holding N.V.
|
|
165
|
237,750
|
|
|
ASMPT Ltd.
|
|
11,500
|
152,949
|
|
|
Bel Fuse, Inc.
|
|
241
|
48,487
|
|
|
Broadcom, Inc.
|
|
3,073
|
1,018,085
|
|
|
Coherent Corp. (a)
|
|
1,190
|
252,494
|
|
|
Disco, Inc.
|
|
200
|
85,539
|
|
|
Entegris, Inc.
|
|
555
|
65,529
|
|
|
Flex Ltd. (a)
|
|
1,892
|
119,272
|
|
|
Formfactor, Inc. (a)
|
|
2,098
|
147,888
|
|
|
Lam Research Corp.
|
|
2,145
|
500,772
|
|
|
MACOM Technology Solutions Holdings, Inc. (a)
|
|
547
|
119,826
|
|
|
Micron Technology, Inc.
|
|
851
|
353,063
|
|
|
Monolithic Power Systems, Inc.
|
|
327
|
367,597
|
|
|
nLIGHT, Inc. (a)
|
|
1,875
|
85,519
|
|
|
NVIDIA Corp. (f)
|
|
35,643
|
6,812,446
|
|
|
NXP Semiconductors N.V.
|
|
238
|
53,821
|
|
|
Plexus Corp. (a)
|
|
342
|
68,171
|
|
|
Silicon Motion Technology Corp., ADR
|
|
1,845
|
219,426
|
|
|
Skyworks Solutions, Inc.
|
|
468
|
26,096
|
|
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
|
23,654
|
1,334,155
|
|
|
Taiwan Semiconductor Manufacturing Co. Ltd., ADR
|
|
4,117
|
1,360,915
|
|
|
Tokyo Electron Ltd.
|
|
700
|
186,851
|
|
|
TTM Technologies, Inc. (a)
|
|
1,464
|
143,765
|
|
|
|
|
|
|
$15,722,171
|
|
Energy - Independent – 1.4%
|
|
|||
|
Antero Resources Corp. (a)
|
|
3,086
|
$112,238
|
|
|
Chord Energy Corp.
|
|
345
|
34,583
|
|
|
ConocoPhillips (s)
|
|
4,495
|
468,514
|
|
|
Core Natural Resources, Inc.
|
|
443
|
42,253
|
|
|
Diamondback Energy, Inc.
|
|
464
|
76,073
|
|
|
EOG Resources, Inc.
|
|
3,818
|
428,112
|
|
|
EQT Corp.
|
|
219
|
12,643
|
|
|
Expand Energy Corp.
|
|
1,528
|
171,762
|
|
|
Marathon Petroleum Corp.
|
|
874
|
153,990
|
|
|
Matador Resources Co.
|
|
2,223
|
100,569
|
|
|
Peabody Energy Corp.
|
|
2,241
|
79,018
|
|
|
Permian Resources Corp.
|
|
11,040
|
178,075
|
|
|
Phillips 66
|
|
2,102
|
301,763
|
|
|
Reliance Industries Ltd.
|
|
30,999
|
470,238
|
|
|
Valero Energy Corp. (s)
|
|
2,145
|
389,167
|
|
|
Viper Energy, Inc., “A”
|
|
2,392
|
101,277
|
|
|
|
|
|
|
$3,120,275
|
|
Energy - Integrated – 0.8%
|
|
|||
|
Aker BP ASA
|
|
7,008
|
$204,772
|
|
|
Eni S.p.A.
|
|
5,909
|
120,655
|
|
|
Exxon Mobil Corp.
|
|
4,871
|
688,759
|
|
|
Galp Energia SGPS S.A., “B”
|
|
5,439
|
107,860
|
|
|
TotalEnergies SE
|
|
11,191
|
811,170
|
|
|
|
|
|
|
$1,933,216
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Energy - Renewables – 0.4%
|
|
|||
|
AES Corp.
|
|
16,019
|
$234,678
|
|
|
Bloom Energy Corp. (a)
|
|
517
|
78,258
|
|
|
GE Vernova, Inc.
|
|
811
|
589,086
|
|
|
Generac Holdings, Inc. (a)
|
|
211
|
35,457
|
|
|
|
|
|
|
$937,479
|
|
Engineering - Construction – 0.7%
|
|
|||
|
EMCOR Group, Inc.
|
|
418
|
$301,265
|
|
|
Jacobs Solutions, Inc.
|
|
530
|
71,688
|
|
|
JGC Holdings Corp.
|
|
11,500
|
160,692
|
|
|
Legence Corp., “A” (a)
|
|
2,794
|
131,067
|
|
|
MYR Group, Inc. (a)
|
|
151
|
37,756
|
|
|
Primoris Services Corp.
|
|
657
|
97,400
|
|
|
Prologis Property Mexico S.A. de C.V., REIT
|
|
29,808
|
136,964
|
|
|
Quanta Services, Inc.
|
|
609
|
289,050
|
|
|
Taisei Corp.
|
|
4,100
|
407,722
|
|
|
TopBuild Corp. (a)
|
|
202
|
94,546
|
|
|
|
|
|
|
$1,728,150
|
|
Entertainment – 0.1%
|
|
|||
|
CTS Eventim AG
|
|
1,111
|
$93,436
|
|
|
Live Nation Entertainment, Inc. (a)
|
|
1,645
|
239,265
|
|
|
|
|
|
|
$332,701
|
|
Food & Beverages – 1.5%
|
|
|||
|
Ajinomoto Co., Inc.
|
|
2,200
|
$50,039
|
|
|
Campbell Soup Co.
|
|
925
|
25,882
|
|
|
Chocoladefabriken Lindt & Sprungli AG
|
|
22
|
314,753
|
|
|
Coca-Cola Europacific Partners PLC
|
|
600
|
55,020
|
|
|
Cranswick PLC
|
|
1,398
|
100,621
|
|
|
General Mills, Inc.
|
|
3,115
|
144,100
|
|
|
Ingredion, Inc.
|
|
3,932
|
464,369
|
|
|
Mondelez International, Inc.
|
|
434
|
25,376
|
|
|
Monster Worldwide, Inc. (a)
|
|
5,090
|
411,068
|
|
|
Morinaga & Co. Ltd.
|
|
6,900
|
120,202
|
|
|
Nestle S.A.
|
|
9,248
|
878,443
|
|
|
Nomad Foods Ltd.
|
|
3,715
|
47,180
|
|
|
Novozymes A/S
|
|
871
|
53,322
|
|
|
PepsiCo, Inc.
|
|
335
|
51,466
|
|
|
S Foods, Inc.
|
|
4,600
|
90,211
|
|
|
Toyo Suisan Kaisha Ltd.
|
|
6,600
|
470,393
|
|
|
Tyson Foods, Inc., “A”
|
|
978
|
63,893
|
|
|
Utz Brands, Inc.
|
|
2,461
|
25,939
|
|
|
|
|
|
|
$3,392,277
|
|
Food & Drug Stores – 0.3%
|
|
|||
|
Albertsons Cos., Inc., “A”
|
|
3,019
|
$50,266
|
|
|
Alimentation Couche-Tard, Inc.
|
|
530
|
27,573
|
|
|
BIM Birlesik Magazalar A.S.
|
|
4,230
|
64,588
|
|
|
Jeronimo Martins SGPS S.A.
|
|
7,073
|
166,925
|
|
|
JM Holdings Co. Ltd. (l)
|
|
11,200
|
129,615
|
|
|
Paltac Corp.
|
|
3,000
|
93,707
|
|
|
Sundrug Co. Ltd.
|
|
3,400
|
90,514
|
|
|
|
|
|
|
$623,188
|
|
Forest & Paper Products – 0.1%
|
|
|||
|
International Paper Co.
|
|
2,060
|
$83,059
|
|
|
Suzano Papel e Celulose S.A., ADR
|
|
12,222
|
114,520
|
|
|
|
|
|
|
$197,579
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Furniture & Appliances – 0.0%
|
|
|||
|
Howden Joinery Group PLC
|
|
8,738
|
$100,077
|
|
|
Gaming & Lodging – 1.3%
|
|
|||
|
Accor S.A.
|
|
1,020
|
$55,447
|
|
|
Aristocrat Leisure Ltd.
|
|
1,235
|
46,061
|
|
|
Brightstar Lottery PLC
|
|
4,749
|
68,765
|
|
|
Carnival Corp.
|
|
8,584
|
257,692
|
|
|
DraftKings, Inc. (a)
|
|
3,322
|
91,388
|
|
|
Flutter Entertainment PLC (a)
|
|
1,664
|
274,810
|
|
|
Galaxy Entertainment Group Ltd.
|
|
16,000
|
81,515
|
|
|
Genius Sports Ltd. (a)
|
|
8,811
|
76,656
|
|
|
Hilton Worldwide Holdings, Inc.
|
|
161
|
48,060
|
|
|
Hyatt Hotels Corp. (l)
|
|
1,399
|
218,762
|
|
|
Marriott International, Inc., “A”
|
|
1,864
|
587,719
|
|
|
Royal Caribbean Cruises Ltd.
|
|
300
|
97,395
|
|
|
Sands China Ltd.
|
|
41,200
|
89,814
|
|
|
Sportradar Group AG (a)
|
|
6,330
|
114,636
|
|
|
VICI Properties, Inc., REIT
|
|
2,376
|
66,718
|
|
|
Viking Holdings Ltd. (a)
|
|
10,960
|
790,764
|
|
|
|
|
|
|
$2,966,202
|
|
General Merchandise – 0.3%
|
|
|||
|
Dollar General Corp.
|
|
1,969
|
$282,414
|
|
|
Dollarama, Inc.
|
|
2,205
|
297,152
|
|
|
Ollie's Bargain Outlet Holdings, Inc. (a)
|
|
575
|
63,428
|
|
|
|
|
|
|
$642,994
|
|
Health Maintenance Organizations – 0.8%
|
|
|||
|
Cigna Group (f)
|
|
4,640
|
$1,271,870
|
|
|
Humana, Inc.
|
|
2,700
|
527,040
|
|
|
|
|
|
|
$1,798,910
|
|
Insurance – 3.1%
|
|
|||
|
AIA Group Ltd.
|
|
73,000
|
$844,274
|
|
|
Allstate Corp.
|
|
930
|
185,061
|
|
|
American International Group, Inc.
|
|
880
|
65,894
|
|
|
Ameriprise Financial, Inc. (f)
|
|
1,592
|
839,286
|
|
|
Aon PLC
|
|
1,756
|
613,968
|
|
|
Assurant, Inc.
|
|
338
|
80,488
|
|
|
AXIS Capital Holdings Ltd.
|
|
507
|
52,312
|
|
|
Beazley PLC
|
|
34,989
|
542,449
|
|
|
Brown & Brown, Inc.
|
|
399
|
28,768
|
|
|
Chubb Ltd.
|
|
196
|
60,674
|
|
|
Corebridge Financial, Inc.
|
|
2,060
|
63,510
|
|
|
Equitable Holdings, Inc.
|
|
23,387
|
1,085,157
|
|
|
Everest Group Ltd.
|
|
157
|
52,011
|
|
|
Hanover Insurance Group, Inc.
|
|
507
|
88,289
|
|
|
Hartford Insurance Group, Inc.
|
|
837
|
113,045
|
|
|
Hiscox Ltd.
|
|
4,082
|
82,779
|
|
|
Lincoln National Corp.
|
|
2,904
|
120,835
|
|
|
Marsh & McLennan Cos., Inc.
|
|
2,743
|
516,205
|
|
|
Progressive Corp.
|
|
2,982
|
620,256
|
|
|
Samsung Fire & Marine Insurance Co. Ltd.
|
|
130
|
45,248
|
|
|
Selective Insurance Group, Inc.
|
|
631
|
53,054
|
|
|
Sompo Holdings, Inc.
|
|
2,900
|
99,615
|
|
|
Steadfast Group Ltd.
|
|
25,109
|
91,445
|
|
|
Stewart Information Services Corp.
|
|
613
|
41,335
|
|
|
Unipol Gruppo S.p.A.
|
|
7,630
|
169,805
|
|
|
Voya Financial, Inc.
|
|
877
|
67,231
|
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Insurance – continued
|
|
|||
|
Willis Towers Watson PLC
|
|
1,765
|
$560,334
|
|
|
|
|
|
|
$7,183,328
|
|
Interactive Media Services – 2.9%
|
|
|||
|
Alphabet, Inc., “A” (f)
|
|
8,288
|
$2,801,344
|
|
|
Alphabet, Inc., “C”
|
|
4,189
|
1,418,102
|
|
|
Meta Platforms, Inc., “A” (f)
|
|
2,995
|
2,145,917
|
|
|
NAVER Corp.
|
|
1,342
|
256,392
|
|
|
|
|
|
|
$6,621,755
|
|
Leisure & Toys – 0.9%
|
|
|||
|
Brunswick Corp.
|
|
2,417
|
$193,892
|
|
|
Capcom Co. Ltd. (l)
|
|
1,100
|
27,976
|
|
|
Corsair Gaming, Inc. (a)
|
|
5,405
|
27,565
|
|
|
Mattel, Inc. (a)
|
|
2,036
|
42,532
|
|
|
Patrick Industries, Inc.
|
|
1,104
|
139,292
|
|
|
Roblox Corp., “A” (a)
|
|
3,040
|
199,910
|
|
|
Sony Group Corp.
|
|
5,000
|
111,592
|
|
|
Take-Two Interactive Software, Inc. (a)
|
|
1,366
|
300,930
|
|
|
Tencent Holdings Ltd.
|
|
11,200
|
868,806
|
|
|
VTech Holdings Ltd.
|
|
12,400
|
96,745
|
|
|
|
|
|
|
$2,009,240
|
|
Machinery & Tools – 3.6%
|
|
|||
|
AGCO Corp.
|
|
8,505
|
$964,552
|
|
|
Albany International Corp.
|
|
1,137
|
63,092
|
|
|
Alliance Laundry Holdings, Inc. (a)
|
|
1,282
|
28,307
|
|
|
Assa Abloy AB
|
|
26,884
|
1,086,225
|
|
|
Atlas Copco AB
|
|
6,031
|
124,412
|
|
|
Azbil Corp.
|
|
10,500
|
91,390
|
|
|
Caterpillar, Inc.
|
|
332
|
218,243
|
|
|
CNH Industrial N.V.
|
|
29,612
|
318,625
|
|
|
Crane Co.
|
|
463
|
84,562
|
|
|
Daikin Industries Ltd.
|
|
500
|
60,045
|
|
|
ESAB Corp.
|
|
462
|
55,948
|
|
|
Flowserve Corp.
|
|
2,738
|
213,975
|
|
|
GEA Group AG
|
|
15,145
|
1,084,308
|
|
|
Hayward Holdings, Inc. (a)
|
|
3,742
|
60,396
|
|
|
Herc Holdings, Inc.
|
|
305
|
43,719
|
|
|
Hillman Solutions Corp. (a)
|
|
5,761
|
53,981
|
|
|
Illinois Tool Works, Inc. (s)
|
|
1,138
|
297,314
|
|
|
IMI PLC
|
|
9,396
|
355,111
|
|
|
Ingersoll Rand, Inc.
|
|
633
|
54,495
|
|
|
ITT, Inc.
|
|
237
|
43,205
|
|
|
Kadant, Inc.
|
|
112
|
35,956
|
|
|
Keyence Corp.
|
|
200
|
72,939
|
|
|
Nordson Corp.
|
|
385
|
105,694
|
|
|
PACCAR, Inc.
|
|
4,113
|
505,529
|
|
|
Pentair PLC
|
|
1,079
|
113,694
|
|
|
RB Global, Inc.
|
|
7,250
|
822,943
|
|
|
Regal Rexnord Corp.
|
|
637
|
102,875
|
|
|
Spirax Group PLC
|
|
4,299
|
427,366
|
|
|
Timken Co.
|
|
742
|
69,147
|
|
|
Trane Technologies PLC
|
|
105
|
44,161
|
|
|
Trimble, Inc. (a)
|
|
2,010
|
135,876
|
|
|
Wabtec Corp.
|
|
1,783
|
410,340
|
|
|
Weir Group PLC
|
|
2,025
|
89,389
|
|
|
|
|
|
|
$8,237,814
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Major Banks – 2.6%
|
|
|||
|
Banco Bilbao Vizcaya Argentaria S.A.
|
|
5,989
|
$152,275
|
|
|
Banco Bradesco S.A., ADR
|
|
24,717
|
100,104
|
|
|
Bank of Ireland Group PLC
|
|
34,233
|
695,711
|
|
|
BNP Paribas S.A.
|
|
1,564
|
169,074
|
|
|
BPER Banca S.p.A.
|
|
18,193
|
255,654
|
|
|
DBS Group Holdings Ltd.
|
|
10,940
|
509,117
|
|
|
ING Groep N.V.
|
|
6,021
|
177,140
|
|
|
JPMorgan Chase & Co.
|
|
2,478
|
757,995
|
|
|
Mizuho Financial Group, Inc.
|
|
8,300
|
363,782
|
|
|
Morgan Stanley
|
|
3,503
|
640,348
|
|
|
NatWest Group PLC
|
|
101,126
|
920,476
|
|
|
PNC Financial Services Group, Inc.
|
|
322
|
71,903
|
|
|
Regions Financial Corp.
|
|
2,674
|
76,209
|
|
|
Resona Holdings, Inc.
|
|
57,300
|
662,564
|
|
|
Simmons First National Corp.
|
|
1,549
|
31,491
|
|
|
Toronto-Dominion Bank
|
|
1,614
|
150,845
|
|
|
UBS Group AG
|
|
3,438
|
161,838
|
|
|
|
|
|
|
$5,896,526
|
|
Medical & Health Technology & Services – 1.4%
|
|
|||
|
Azenta, Inc. (a)
|
|
2,439
|
$94,828
|
|
|
Cencora, Inc.
|
|
223
|
80,106
|
|
|
Charles River Laboratories International, Inc. (a)
|
|
846
|
178,066
|
|
|
Doximity, Inc. (a)
|
|
2,016
|
75,540
|
|
|
GeneDX Holdings Corp. (a)
|
|
501
|
48,226
|
|
|
Guardant Health, Inc. (a)
|
|
552
|
62,950
|
|
|
HCA Healthcare, Inc.
|
|
547
|
267,084
|
|
|
ICON PLC (a)
|
|
453
|
81,653
|
|
|
Labcorp Holdings, Inc.
|
|
236
|
64,079
|
|
|
M3, Inc. (l)
|
|
15,900
|
196,284
|
|
|
McKesson Corp. (f)
|
|
1,863
|
1,548,544
|
|
|
Omega Healthcare Investors, Inc., REIT
|
|
6,453
|
283,158
|
|
|
Option Care Health, Inc. (a)
|
|
1,604
|
54,536
|
|
|
Schrodinger, Inc. (a)
|
|
5,534
|
77,310
|
|
|
Tempus AI, Inc. (a)
|
|
275
|
16,450
|
|
|
Universal Health Services, Inc.
|
|
283
|
56,957
|
|
|
Ventas, Inc., REIT
|
|
900
|
69,903
|
|
|
Waystar Holding Corp. (a)
|
|
1,860
|
49,402
|
|
|
|
|
|
|
$3,305,076
|
|
Medical Equipment – 2.4%
|
|
|||
|
Abbott Laboratories
|
|
1,340
|
$146,462
|
|
|
Agilent Technologies, Inc.
|
|
4,071
|
544,903
|
|
|
Alcon, Inc.
|
|
832
|
67,180
|
|
|
Align Technology, Inc. (a)
|
|
308
|
50,213
|
|
|
AtriCure, Inc. (a)
|
|
1,119
|
41,325
|
|
|
Avantor, Inc. (a)
|
|
2,795
|
30,521
|
|
|
Becton, Dickinson and Co.
|
|
2,735
|
556,518
|
|
|
Billiontoone, Inc., “A” (a)
|
|
321
|
26,486
|
|
|
Bio-Techne Corp.
|
|
8,133
|
521,244
|
|
|
Boston Scientific Corp. (a)
|
|
2,660
|
248,790
|
|
|
Caris Life Sciences, Inc. (a)
|
|
571
|
13,224
|
|
|
Ceribell, Inc. (a)
|
|
1,221
|
25,165
|
|
|
Concentra Group Holdings, Inc.
|
|
2,952
|
65,475
|
|
|
ConvaTec Group PLC
|
|
22,548
|
70,963
|
|
|
Cooper Companies, Inc. (a)
|
|
515
|
41,911
|
|
|
Danaher Corp.
|
|
1,270
|
277,990
|
|
|
Eiken Chemical Co. Ltd. (l)
|
|
7,800
|
120,558
|
|
|
Envista Holdings Corp. (a)
|
|
2,173
|
51,000
|
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Medical Equipment – continued
|
|
|||
|
EssilorLuxottica
|
|
992
|
$303,256
|
|
|
GE Healthcare Technologies, Inc.
|
|
511
|
40,354
|
|
|
Gerresheimer AG
|
|
1,688
|
50,462
|
|
|
Globus Medical, Inc. (a)
|
|
616
|
55,859
|
|
|
Integer Holdings Corp. (a)
|
|
1,719
|
149,312
|
|
|
iRhythm Technologies, Inc. (a)
|
|
357
|
55,160
|
|
|
Lumexa Imaging Holdings, Inc. (a)
|
|
2,311
|
28,310
|
|
|
Masimo Corp. (a)
|
|
1,788
|
245,546
|
|
|
Medline, Inc., “A” (a)
|
|
574
|
25,371
|
|
|
Medtronic PLC
|
|
661
|
68,057
|
|
|
Natera, Inc. (a)
|
|
1,382
|
319,436
|
|
|
PROCEPT BioRobotics Corp. (a)
|
|
631
|
18,274
|
|
|
QIAGEN N.V.
|
|
6,865
|
363,092
|
|
|
Repligen Corp. (a)
|
|
1,208
|
180,439
|
|
|
Revvity, Inc.
|
|
428
|
46,566
|
|
|
Smith & Nephew PLC
|
|
9,017
|
153,243
|
|
|
STERIS PLC
|
|
375
|
98,475
|
|
|
Terumo Corp.
|
|
3,900
|
50,842
|
|
|
Thermo Fisher Scientific, Inc.
|
|
652
|
377,254
|
|
|
UFP Technologies, Inc. (a)
|
|
228
|
57,260
|
|
|
Waters Corp. (a)
|
|
114
|
42,262
|
|
|
|
|
|
|
$5,628,758
|
|
Metals & Mining – 0.6%
|
|
|||
|
ArcelorMittal S.A.
|
|
10,009
|
$545,515
|
|
|
Glencore PLC
|
|
59,157
|
404,130
|
|
|
Mitsui & Co. Ltd.
|
|
3,100
|
100,856
|
|
|
Nucor Corp.
|
|
339
|
60,247
|
|
|
Rio Tinto PLC
|
|
1,178
|
108,611
|
|
|
Uranium Energy Corp. (a)
|
|
3,818
|
65,822
|
|
|
|
|
|
|
$1,285,181
|
|
Natural Gas - Distribution – 0.5%
|
|
|||
|
Atmos Energy Corp.
|
|
1,732
|
$288,101
|
|
|
Brookfield Infrastructure Corp.
|
|
1,022
|
48,903
|
|
|
China Resources Gas Group Ltd.
|
|
9,600
|
26,420
|
|
|
DCC PLC
|
|
2,083
|
132,139
|
|
|
Italgas S.p.A.
|
|
28,258
|
338,641
|
|
|
MDU Resources Group, Inc.
|
|
1,522
|
31,216
|
|
|
New Jersey Resources Corp.
|
|
1,209
|
59,821
|
|
|
ONE Gas, Inc.
|
|
704
|
56,010
|
|
|
Spire, Inc.
|
|
793
|
67,001
|
|
|
UGI Corp.
|
|
1,171
|
46,969
|
|
|
|
|
|
|
$1,095,221
|
|
Natural Gas - Pipeline – 0.3%
|
|
|||
|
APA Group
|
|
20,568
|
$126,898
|
|
|
Cheniere Energy, Inc.
|
|
1,757
|
371,641
|
|
|
Plains GP Holdings LP
|
|
6,600
|
135,168
|
|
|
Targa Resources Corp.
|
|
525
|
105,514
|
|
|
|
|
|
|
$739,221
|
|
Network & Telecom – 0.4%
|
|
|||
|
Ciena Corp. (a)
|
|
350
|
$88,134
|
|
|
Qualcomm, Inc.
|
|
5,650
|
856,483
|
|
|
|
|
|
|
$944,617
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Oil Services – 0.4%
|
|
|||
|
Baker Hughes Co.
|
|
584
|
$32,727
|
|
|
Expro Group Holdings N.V. (a)
|
|
4,193
|
67,130
|
|
|
TechnipFMC PLC
|
|
10,521
|
586,230
|
|
|
Tenaris S.A., ADR
|
|
3,276
|
145,127
|
|
|
|
|
|
|
$831,214
|
|
Other Banks & Diversified Financials – 3.9%
|
|
|||
|
AIB Group PLC
|
|
54,654
|
$612,210
|
|
|
American Express Co.
|
|
1,662
|
585,307
|
|
|
Banc of California, Inc.
|
|
2,296
|
45,874
|
|
|
Berkshire Hills Bancorp, Inc.
|
|
2,171
|
61,548
|
|
|
Bitgo Holdings, Inc. (a)
|
|
1,549
|
20,912
|
|
|
CaixaBank S.A.
|
|
53,993
|
713,927
|
|
|
Cathay General Bancorp, Inc.
|
|
1,462
|
74,825
|
|
|
Central Banco, Inc.
|
|
2,253
|
54,297
|
|
|
Chiba Bank Ltd. (l)
|
|
38,800
|
522,481
|
|
|
Columbia Banking System, Inc.
|
|
4,363
|
128,447
|
|
|
Credicorp Ltd.
|
|
1,809
|
645,505
|
|
|
CVB Financial Corp.
|
|
3,013
|
59,386
|
|
|
East West Bancorp, Inc.
|
|
1,090
|
124,740
|
|
|
Eastern Bankshares, Inc.
|
|
3,415
|
69,956
|
|
|
Fifth Third Bancorp
|
|
1,356
|
68,098
|
|
|
First Hawaiian, Inc.
|
|
2,947
|
78,243
|
|
|
First Interstate BancSystem, Inc.
|
|
2,248
|
79,737
|
|
|
GMO Payment Gateway, Inc.
|
|
1,100
|
63,515
|
|
|
Hancock Whitney Corp.
|
|
1,148
|
78,982
|
|
|
HDFC Bank Ltd.
|
|
10,009
|
101,110
|
|
|
HDFC Bank Ltd., ADR
|
|
12,850
|
416,083
|
|
|
M&T Bank Corp.
|
|
417
|
92,395
|
|
|
Mastercard, Inc., “A”
|
|
1,824
|
982,753
|
|
|
Metropolitan Bank & Trust Co.
|
|
122,657
|
152,070
|
|
|
Moody's Corp.
|
|
81
|
41,760
|
|
|
Northern Trust Corp.
|
|
4,951
|
739,828
|
|
|
Popular, Inc.
|
|
5,187
|
692,620
|
|
|
Prosperity Bancshares, Inc.
|
|
1,840
|
126,978
|
|
|
Riot Platforms, Inc. (a)
|
|
3,981
|
61,586
|
|
|
Shizuoka Financial Group, Inc.
|
|
8,600
|
139,925
|
|
|
SLM Corp.
|
|
4,072
|
110,555
|
|
|
Synchrony Financial (f)
|
|
15,640
|
1,135,933
|
|
|
Texas Capital Bancshares, Inc. (a)
|
|
658
|
66,570
|
|
|
UMB Financial Corp.
|
|
509
|
64,714
|
|
|
United Community Bank, Inc.
|
|
1,950
|
67,139
|
|
|
|
|
|
|
$9,080,009
|
|
Pharmaceuticals – 3.2%
|
|
|||
|
AbbVie, Inc.
|
|
1,362
|
$303,740
|
|
|
ACADIA Pharmaceuticals, Inc. (a)
|
|
1,717
|
43,148
|
|
|
Annexon, Inc. (a)
|
|
2,292
|
14,302
|
|
|
Ascendis Pharma, ADR (a)
|
|
1,259
|
284,660
|
|
|
AstraZeneca PLC
|
|
3,765
|
700,650
|
|
|
Bristol-Myers Squibb Co.
|
|
22,498
|
1,238,515
|
|
|
Collegium Pharmaceutical, Inc. (a)
|
|
2,759
|
126,693
|
|
|
Cytokinetics, Inc. (a)
|
|
643
|
40,631
|
|
|
Daiichi Sankyo Co. Ltd.
|
|
18,300
|
335,350
|
|
|
Harmony Biosciences Holdings (a)
|
|
1,284
|
46,892
|
|
|
Incyte Corp. (a)
|
|
7,656
|
766,136
|
|
|
Ionis Pharmaceuticals, Inc. (a)
|
|
1,575
|
130,205
|
|
|
Johnson & Johnson (s)
|
|
4,674
|
1,062,166
|
|
|
Kiniksa Pharmaceuticals International PLC (a)
|
|
946
|
41,548
|
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Pharmaceuticals – continued
|
|
|||
|
Kymera Therapeutics, Inc. (a)
|
|
596
|
$43,323
|
|
|
Legend Biotech Corp., ADR (a)
|
|
1,347
|
23,573
|
|
|
Ligand Pharmaceuticals, Inc. (a)
|
|
1,102
|
211,694
|
|
|
Merck & Co., Inc.
|
|
1,581
|
174,337
|
|
|
Merck KGaA
|
|
675
|
100,454
|
|
|
Mirum Pharmaceuticals, Inc. (a)
|
|
487
|
50,268
|
|
|
Neurocrine Biosciences, Inc. (a)
|
|
286
|
38,913
|
|
|
Novartis AG
|
|
1,655
|
245,387
|
|
|
Pfizer, Inc.
|
|
1,879
|
49,681
|
|
|
Roche Holding AG
|
|
2,615
|
1,186,315
|
|
|
Ultragenyx Pharmaceutical, Inc. (a)
|
|
558
|
13,431
|
|
|
|
|
|
|
$7,272,012
|
|
Pollution Control – 0.1%
|
|
|||
|
GFL Environmental, Inc.
|
|
3,122
|
$134,090
|
|
|
Precious Metals & Minerals – 1.4%
|
|
|||
|
Agnico Eagle Mines Ltd.
|
|
2,024
|
$384,748
|
|
|
Agnico Eagle Mines Ltd.
|
|
1,392
|
265,176
|
|
|
Alamos Gold, Inc.
|
|
2,264
|
83,899
|
|
|
Franco-Nevada Corp.
|
|
7,265
|
1,700,618
|
|
|
Northern Star Resources Ltd. Co.
|
|
1,880
|
37,887
|
|
|
OR Royalties, Inc.
|
|
1,703
|
67,166
|
|
|
Wheaton Precious Metals Corp.
|
|
5,184
|
682,964
|
|
|
|
|
|
|
$3,222,458
|
|
Printing & Publishing – 0.0%
|
|
|||
|
Wolters Kluwer N.V.
|
|
677
|
$63,300
|
|
|
Railroad & Shipping – 0.2%
|
|
|||
|
Kirby Corp. (a)
|
|
321
|
$37,769
|
|
|
Sankyu, Inc.
|
|
2,300
|
136,683
|
|
|
Union Pacific Corp.
|
|
1,115
|
262,137
|
|
|
|
|
|
|
$436,589
|
|
Real Estate – 0.6%
|
|
|||
|
Acadia Realty Trust, REIT
|
|
2,846
|
$56,948
|
|
|
Brixmor Property Group, Inc., REIT
|
|
9,488
|
254,184
|
|
|
CapitaLand Investment Ltd.
|
|
58,800
|
142,366
|
|
|
CBRE Group, Inc., “A” (a)
|
|
1,313
|
223,643
|
|
|
Cushman & Wakefield Ltd. (a)
|
|
3,010
|
49,484
|
|
|
Essential Properties Realty Trust, REIT
|
|
2,052
|
62,299
|
|
|
Four Corners Property Trust, Inc., REIT
|
|
1,750
|
43,138
|
|
|
Jones Lang LaSalle, Inc. (a)
|
|
795
|
284,538
|
|
|
PennyMac Financial Services, Inc.
|
|
381
|
38,070
|
|
|
Urban Edge Properties, REIT
|
|
2,355
|
45,758
|
|
|
W.P. Carey, Inc., REIT
|
|
1,050
|
73,237
|
|
|
|
|
|
|
$1,273,665
|
|
Real Estate - Office – 0.0%
|
|
|||
|
Cousins Properties, Inc., REIT
|
|
2,002
|
$50,530
|
|
|
Douglas Emmett, Inc., REIT
|
|
2,912
|
30,751
|
|
|
|
|
|
|
$81,281
|
|
Real Estate - Storage – 0.3%
|
|
|||
|
Extra Space Storage, Inc., REIT
|
|
542
|
$74,780
|
|
|
Prologis, Inc., REIT
|
|
3,849
|
502,525
|
|
|
Rexford Industrial Realty, Inc., REIT
|
|
2,377
|
96,340
|
|
|
SmartStop Self Storage REIT
|
|
1,363
|
42,853
|
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Real Estate - Storage – continued
|
|
|||
|
Terreno Realty Corp., REIT
|
|
1,429
|
$87,940
|
|
|
|
|
|
|
$804,438
|
|
Restaurants – 0.8%
|
|
|||
|
Aramark
|
|
20,577
|
$792,009
|
|
|
Black Rock Coffee Bar, Inc., “A” (a)(l)
|
|
2,596
|
38,706
|
|
|
Chefs' Warehouse, Inc. (a)
|
|
2,156
|
135,612
|
|
|
Darden Restaurants, Inc.
|
|
230
|
45,851
|
|
|
Greggs PLC (l)
|
|
4,404
|
96,841
|
|
|
Starbucks Corp.
|
|
1,819
|
167,257
|
|
|
SYSCO Corp.
|
|
796
|
66,745
|
|
|
U.S. Foods Holding Corp. (a)
|
|
2,014
|
168,411
|
|
|
Wingstop, Inc.
|
|
914
|
242,603
|
|
|
|
|
|
|
$1,754,035
|
|
Specialty Chemicals – 1.2%
|
|
|||
|
Akzo Nobel N.V. (l)
|
|
781
|
$54,897
|
|
|
Ashland, Inc.
|
|
1,697
|
103,788
|
|
|
Chemours Co.
|
|
2,071
|
31,044
|
|
|
Corteva, Inc.
|
|
5,004
|
364,291
|
|
|
Croda International PLC
|
|
3,729
|
139,198
|
|
|
DuPont de Nemours, Inc.
|
|
967
|
42,471
|
|
|
Linde PLC
|
|
2,648
|
1,210,057
|
|
|
Quaker Chemical Corp.
|
|
394
|
60,574
|
|
|
Shin-Etsu Chemical Co. Ltd.
|
|
2,600
|
86,168
|
|
|
Symrise AG
|
|
6,943
|
584,816
|
|
|
|
|
|
|
$2,677,304
|
|
Specialty Stores – 2.5%
|
|
|||
|
Amazon.com, Inc. (a)(f)
|
|
11,499
|
$2,751,711
|
|
|
AutoZone, Inc. (a)
|
|
69
|
255,596
|
|
|
BJ's Wholesale Club Holdings, Inc. (a)
|
|
893
|
82,549
|
|
|
Burlington Stores, Inc. (a)
|
|
528
|
156,214
|
|
|
Coupang, Inc. (a)
|
|
6,785
|
136,786
|
|
|
Floor & Decor Holdings, Inc., “A” (a)
|
|
416
|
27,439
|
|
|
Lowe's Cos., Inc.
|
|
1,950
|
520,767
|
|
|
NEXT PLC
|
|
379
|
68,793
|
|
|
Nitori Co. Ltd. (l)
|
|
1,600
|
27,449
|
|
|
O'Reilly Automotive, Inc. (a)(f)
|
|
12,748
|
1,254,531
|
|
|
Pan Pacific International Holdings Corp.
|
|
14,500
|
85,814
|
|
|
Pet Valu Holdings Ltd.
|
|
1,506
|
30,194
|
|
|
Ross Stores, Inc.
|
|
473
|
89,231
|
|
|
Target Corp.
|
|
1,918
|
202,292
|
|
|
TJX Cos., Inc.
|
|
303
|
45,392
|
|
|
Tractor Supply Co.
|
|
509
|
25,898
|
|
|
ZOZO, Inc.
|
|
12,000
|
98,940
|
|
|
|
|
|
|
$5,859,596
|
|
Telecom - Infrastructure – 0.1%
|
|
|||
|
American Tower Corp., REIT
|
|
203
|
$36,394
|
|
|
Cellnex Telecom S.A.
|
|
4,914
|
151,562
|
|
|
Infrastrutture Wireless Italiane S.p.A. (l)
|
|
10,423
|
91,920
|
|
|
|
|
|
|
$279,876
|
|
Telecom Services – 0.2%
|
|
|||
|
Advanced Info Service Public Co. Ltd.
|
|
6,000
|
$66,550
|
|
|
EchoStar Corp., “A” (a)
|
|
588
|
66,573
|
|
|
Etihad Etisalat Co.
|
|
6,437
|
120,822
|
|
|
KDDI Corp.
|
|
6,800
|
114,527
|
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Common Stocks – continued
|
||||
|
Telecom Services – continued
|
|
|||
|
Koninklijke KPN N.V.
|
|
16,631
|
$80,983
|
|
|
SoftBank Group Corp.
|
|
800
|
21,985
|
|
|
|
|
|
|
$471,440
|
|
Tobacco – 0.7%
|
|
|||
|
Altria Group, Inc. (f)
|
|
17,861
|
$1,107,203
|
|
|
British American Tobacco PLC
|
|
2,838
|
169,937
|
|
|
Philip Morris International, Inc.
|
|
1,513
|
271,493
|
|
|
|
|
|
|
$1,548,633
|
|
Trucking – 0.2%
|
|
|||
|
FedEx Corp.
|
|
185
|
$59,616
|
|
|
J.B. Hunt Transport Services, Inc.
|
|
260
|
52,707
|
|
|
Knight-Swift Transportation Holdings, Inc.
|
|
854
|
47,055
|
|
|
RXO, Inc. (a)
|
|
1,506
|
21,958
|
|
|
Seino Holdings Co. Ltd.
|
|
6,900
|
107,361
|
|
|
SG Holdings Co. Ltd. (l)
|
|
8,700
|
83,762
|
|
|
XPO, Inc. (a)
|
|
471
|
69,760
|
|
|
|
|
|
|
$442,219
|
|
Utilities - Electric Power – 1.9%
|
|
|||
|
Alliant Energy Corp.
|
|
1,731
|
$114,090
|
|
|
CenterPoint Energy, Inc.
|
|
1,905
|
75,609
|
|
|
CLP Holdings Ltd.
|
|
3,500
|
33,131
|
|
|
CMS Energy Corp.
|
|
1,157
|
82,714
|
|
|
Dominion Energy, Inc. (f)
|
|
7,826
|
470,890
|
|
|
DTE Energy Co.
|
|
1,362
|
183,026
|
|
|
Duke Energy Corp.
|
|
4,155
|
504,209
|
|
|
E.ON SE
|
|
3,867
|
81,889
|
|
|
Edison International
|
|
5,935
|
369,632
|
|
|
Evergy, Inc.
|
|
602
|
46,191
|
|
|
National Grid PLC
|
|
9,006
|
152,132
|
|
|
NorthWestern Corp.
|
|
994
|
67,453
|
|
|
NRG Energy, Inc.
|
|
4,215
|
643,335
|
|
|
PG&E Corp.
|
|
24,475
|
377,404
|
|
|
Pinnacle West Capital Corp.
|
|
728
|
68,112
|
|
|
Portland General Electric Co.
|
|
1,522
|
76,481
|
|
|
PPL Corp.
|
|
790
|
28,638
|
|
|
Public Service Enterprise Group, Inc.
|
|
1,084
|
89,278
|
|
|
Sempra
|
|
767
|
66,737
|
|
|
Southern Co.
|
|
4,580
|
409,040
|
|
|
Talen Energy Corp. (a)
|
|
333
|
116,004
|
|
|
Vistra Corp.
|
|
1,386
|
219,473
|
|
|
|
|
|
|
$4,275,468
|
|
Total Common Stocks
|
|
$169,801,047
|
||
|
Bonds – 19.4%
|
||||
|
Aerospace & Defense – 0.4%
|
||||
|
Boeing Co., 2.196%, 2/04/2026
|
|
$
|
75,000
|
$74,987
|
|
Boeing Co., 5.15%, 5/01/2030
|
|
|
110,000
|
113,053
|
|
Boeing Co., 5.805%, 5/01/2050
|
|
|
307,000
|
303,211
|
|
Huntington Ingalls Industries, Inc., 5.749%, 1/15/2035
|
|
|
106,000
|
111,858
|
|
L3Harris Technologies, Inc., 5.4%, 1/15/2027
|
|
|
39,000
|
39,538
|
|
L3Harris Technologies, Inc., 5.4%, 7/31/2033
|
|
|
211,000
|
219,701
|
|
|
|
|
|
$862,348
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Asset-Backed & Securitized – 0.5%
|
||||
|
3650R Commercial Mortgage Trust, 2021-PF1, “XA”, 0.992%, 11/15/2054 (i)
|
|
$
|
967,659
|
$33,571
|
|
ACREC 2021-FL1 Ltd., “A”, FLR, 4.942% ((SOFR - 1mo. + 0.11448%) + 1.15%), 10/16/2036 (n)
|
|
|
9,821
|
9,821
|
|
Angel Oak Mortgage Trust, 2024-13, “A1”, 5.464%, 12/26/2069 (n)
|
|
|
81,775
|
82,485
|
|
Angel Oak Mortgage Trust, 2025-3, “A1”, 5.42%, 3/25/2070 (n)
|
|
|
155,333
|
156,786
|
|
ARDN Mortgage Trust, 2025-ARCP, “A”, FLR, 5.43% (SOFR - 1mo. + 1.75%), 6/15/2035 (n)
|
|
|
115,000
|
115,359
|
|
ARI Fleet Lease Trust, 2023-A, “A2”, 5.41%, 2/17/2032 (n)
|
|
|
341
|
341
|
|
Benchmark 2021-B27 Mortgage Trust, “XA”, 1.232%, 7/15/2054 (i)
|
|
|
1,179,468
|
54,060
|
|
Colt Funding LLC, 2024-6, “A1”, 5.39%, 11/25/2069 (n)
|
|
|
77,006
|
77,604
|
|
Home Owner Mortgage Enhanced , 5.077%, 8/25/2060 (n)
|
|
|
100,000
|
100,109
|
|
KREF 2018-FT1 Ltd., “A”, FLR, 4.862% ((SOFR - 1mo. + 0.11448%) + 1.07%), 2/15/2039 (n)
|
|
|
37,253
|
37,241
|
|
KREF 2018-FT1 Ltd., “AS”, FLR, 5.091% ((SOFR - 1mo. + 0.11448%) + 1.3%), 2/15/2039 (n)
|
|
|
100,000
|
99,803
|
|
MF1 2024-FL5 LLC, “A”, FLR, 5.363% (SOFR - 1mo. + 1.688%), 8/18/2041 (n)
|
|
|
100,000
|
100,213
|
|
Morgan Stanley Residential Mortgage Loan Trust, 2024-NQM3, “A1”, 5.044%, 7/25/2069 (n)
|
|
|
66,186
|
66,319
|
|
OBX Trust, 2024-NQM3, “A1”, 6.129%, 12/25/2063 (n)
|
|
|
55,628
|
56,247
|
|
Provident Funding Mortgage Trust, 2025-3, “A4”, 5.5%, 8/25/2055 (n)
|
|
|
109,841
|
110,576
|
|
Virginia Power Fuel Securitization LLC, 5.088%, 5/01/2027
|
|
|
17,315
|
17,419
|
|
|
|
|
|
$1,117,954
|
|
Automotive – 0.4%
|
||||
|
Cummins, Inc., 5.45%, 2/20/2054
|
|
$
|
50,000
|
$49,192
|
|
Ford Motor Credit Co. LLC, 6.95%, 6/10/2026
|
|
|
200,000
|
201,540
|
|
Ford Motor Credit Co. LLC, 5.73%, 9/05/2030
|
|
|
200,000
|
204,761
|
|
Ford Motor Credit Co. LLC, 3.25%, 2/12/2032
|
|
|
39,000
|
34,645
|
|
Hyundai Capital America, 6.375%, 4/08/2030 (n)
|
|
|
155,000
|
165,560
|
|
Hyundai Capital America, 4.5%, 9/18/2030 (n)
|
|
|
26,000
|
26,010
|
|
Volkswagen Group of America Finance LLC, 4.45%, 9/11/2027 (n)
|
|
|
200,000
|
200,639
|
|
|
|
|
|
$882,347
|
|
Broadcasting – 0.2%
|
||||
|
Walt Disney Co., 3.5%, 5/13/2040
|
|
$
|
190,000
|
$158,208
|
|
Walt Disney Co., 3.8%, 5/13/2060
|
|
|
150,000
|
109,841
|
|
WMG Acquisition Corp., 3.75%, 12/01/2029 (n)
|
|
|
137,000
|
131,831
|
|
WMG Acquisition Corp., 3.875%, 7/15/2030 (n)
|
|
|
79,000
|
75,824
|
|
|
|
|
|
$475,704
|
|
Brokerage & Asset Managers – 0.6%
|
||||
|
Charles Schwab Corp., 5.643% to 5/19/2028, FLR (SOFR - 1 day + 2.210%) to 5/19/2029
|
|
$
|
63,000
|
$65,382
|
|
Charles Schwab Corp., 6.136% to 8/24/2033, FLR (SOFR - 1 day + 2.01%) to 8/24/2034
|
|
|
82,000
|
89,046
|
|
Charles Schwab Corp., 4.914% to 11/14/2035, FLR (SOFR - 1 day + 1.23%) to 11/14/2036
|
|
|
160,000
|
158,582
|
|
Jefferies Financial Group Inc., 5.5%, 2/15/2036
|
|
|
149,000
|
147,080
|
|
LPL Holdings, Inc., 4.625%, 11/15/2027 (n)
|
|
|
120,000
|
119,441
|
|
LPL Holdings, Inc., 4.375%, 5/15/2031 (n)
|
|
|
141,000
|
137,016
|
|
LPL Holdings, Inc., 5.65%, 3/15/2035
|
|
|
182,000
|
185,465
|
|
LSEGA Finance PLC, 2%, 4/06/2028 (n)
|
|
|
200,000
|
191,717
|
|
The Carlyle Group, Inc., 5.05%, 9/19/2035
|
|
|
204,000
|
200,790
|
|
|
|
|
|
$1,294,519
|
|
Building – 0.3%
|
||||
|
Ferguson Enterprises, Inc., 5%, 10/03/2034
|
|
$
|
221,000
|
$221,924
|
|
JH North America Holdings, Inc., 5.875%, 1/31/2031 (n)
|
|
|
82,000
|
83,396
|
|
JH North America Holdings, Inc., 6.125%, 7/31/2032 (n)
|
|
|
69,000
|
70,305
|
|
Vulcan Materials Co., 3.5%, 6/01/2030
|
|
|
42,000
|
40,679
|
|
Vulcan Materials Co., 4.5%, 6/15/2047
|
|
|
114,000
|
97,391
|
|
Vulcan Materials Co., 5.7%, 12/01/2054
|
|
|
93,000
|
92,562
|
|
|
|
|
|
$606,257
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Business Services – 0.3%
|
||||
|
Accenture Capital, Inc., 4.25%, 10/04/2031
|
|
$
|
70,000
|
$70,009
|
|
Accenture Capital, Inc., 4.5%, 10/04/2034
|
|
|
44,000
|
43,274
|
|
Fiserv, Inc., 4.4%, 7/01/2049
|
|
|
114,000
|
89,692
|
|
Mastercard, Inc., 4.35%, 1/15/2032
|
|
|
93,000
|
93,473
|
|
Mastercard, Inc., 3.85%, 3/26/2050
|
|
|
167,000
|
129,988
|
|
Paychex, Inc., 5.1%, 4/15/2030
|
|
|
134,000
|
137,832
|
|
Paychex, Inc., 5.35%, 4/15/2032
|
|
|
129,000
|
133,358
|
|
|
|
|
|
$697,626
|
|
Cable TV – 0.3%
|
||||
|
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,
6.384%, 10/23/2035
|
|
$
|
71,000
|
$73,384
|
|
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,
5.375%, 5/01/2047
|
|
|
105,000
|
86,208
|
|
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,
6.7%, 12/01/2055
|
|
|
44,000
|
42,488
|
|
Comcast Corp., 5.35%, 5/15/2053
|
|
|
184,000
|
165,481
|
|
Videotron Ltd., 3.625%, 6/15/2029 (n)
|
|
|
134,000
|
130,909
|
|
Videotron Ltd., 5.7%, 1/15/2035 (n)
|
|
|
148,000
|
150,706
|
|
|
|
|
|
$649,176
|
|
Computer Software – 0.1%
|
||||
|
Microsoft Corp., 2.525%, 6/01/2050
|
|
$
|
180,000
|
$109,090
|
|
Microsoft Corp., 2.5%, 9/15/2050
|
|
|
113,000
|
68,162
|
|
Oracle Corp., 4.8%, 9/26/2032
|
|
|
80,000
|
77,450
|
|
Oracle Corp., 4%, 7/15/2046
|
|
|
98,000
|
67,617
|
|
|
|
|
|
$322,319
|
|
Computer Software - Systems – 0.1%
|
||||
|
Apple, Inc., 2.65%, 5/11/2050 (f)
|
|
$
|
229,000
|
$142,563
|
|
Conglomerates – 0.3%
|
||||
|
nVent Finance S.à r.l., 5.65%, 5/15/2033
|
|
$
|
143,000
|
$149,110
|
|
Regal Rexnord Corp., 6.05%, 4/15/2028
|
|
|
91,000
|
94,332
|
|
Regal Rexnord Corp., 6.3%, 2/15/2030
|
|
|
208,000
|
220,536
|
|
Regal Rexnord Corp., 6.4%, 4/15/2033
|
|
|
42,000
|
44,882
|
|
Westinghouse Air Brake Technologies Corp., 4.7%, 9/15/2028
|
|
|
186,000
|
188,457
|
|
Westinghouse Air Brake Technologies Corp., 5.611%, 3/11/2034
|
|
|
50,000
|
52,294
|
|
|
|
|
|
$749,611
|
|
Consumer Products – 0.2%
|
||||
|
Haleon US Capital LLC, 3.625%, 3/24/2032
|
|
$
|
250,000
|
$238,144
|
|
L'Oréal S.A., 5%, 5/20/2035 (n)
|
|
|
200,000
|
203,560
|
|
Mattel, Inc., 3.75%, 4/01/2029 (n)
|
|
|
65,000
|
63,662
|
|
|
|
|
|
$505,366
|
|
Consumer Services – 0.2%
|
||||
|
CBRE Group, Inc., 5.95%, 8/15/2034
|
|
$
|
97,000
|
$103,234
|
|
CBRE Services, Inc., 5.5%, 6/15/2035
|
|
|
50,000
|
51,530
|
|
Rentokil Terminix LLC, 5%, 4/28/2030 (n)
|
|
|
200,000
|
203,717
|
|
|
|
|
|
$358,481
|
|
Electrical Equipment – 0.1%
|
||||
|
Arrow Electronics, Inc., 5.875%, 4/10/2034
|
|
$
|
178,000
|
$185,377
|
|
Electronics – 0.2%
|
||||
|
Broadcom, Inc., 5.05%, 7/12/2029
|
|
$
|
90,000
|
$92,723
|
|
Broadcom, Inc., 5.2%, 7/15/2035
|
|
|
118,000
|
120,579
|
|
Broadcom, Inc., 4.8%, 2/15/2036
|
|
|
134,000
|
132,271
|
|
Broadcom, Inc., 5.7%, 1/15/2056
|
|
|
98,000
|
98,756
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Electronics – continued
|
||||
|
Intel Corp., 5.7%, 2/10/2053
|
|
$
|
79,000
|
$74,580
|
|
|
|
|
|
$518,909
|
|
Emerging Market Quasi-Sovereign – 0.1%
|
||||
|
Comision Federal de Electricidad (United Mexican States), 6.045%, 1/28/2034 (n)
|
|
$
|
200,000
|
$200,000
|
|
Emerging Market Sovereign – 0.3%
|
||||
|
Kingdom of Saudi Arabia, 5.125%, 1/13/2028 (n)
|
|
$
|
200,000
|
$203,652
|
|
United Mexican States, 5.85%, 7/02/2032
|
|
|
200,000
|
204,320
|
|
United Mexican States, 5.625%, 2/09/2034
|
|
|
200,000
|
199,268
|
|
United Mexican States, 5.625%, 9/22/2035
|
|
|
200,000
|
196,000
|
|
|
|
|
|
$803,240
|
|
Energy - Independent – 0.3%
|
||||
|
Occidental Petroleum Corp., 6.125%, 1/01/2031
|
|
$
|
76,000
|
$80,368
|
|
Occidental Petroleum Corp., 4.4%, 4/15/2046
|
|
|
118,000
|
93,843
|
|
Pioneer Natural Resources Co., 1.9%, 8/15/2030
|
|
|
177,000
|
160,544
|
|
Pioneer Natural Resources Co., 2.15%, 1/15/2031
|
|
|
112,000
|
101,719
|
|
Santos Finance Ltd., 6.875%, 9/19/2033 (n)
|
|
|
133,000
|
145,700
|
|
Santos Finance Ltd., 5.75%, 11/13/2035 (n)
|
|
|
46,000
|
46,130
|
|
|
|
|
|
$628,304
|
|
Energy - Integrated – 0.1%
|
||||
|
BP Capital Markets America, Inc., 3.001%, 3/17/2052
|
|
$
|
215,000
|
$138,121
|
|
Entertainment – 0.2%
|
||||
|
Royal Caribbean Cruises Ltd., 4.25%, 7/01/2026 (n)
|
|
$
|
109,000
|
$108,959
|
|
Royal Caribbean Cruises Ltd., 5.625%, 9/30/2031 (n)
|
|
|
193,000
|
198,407
|
|
Royal Caribbean Cruises Ltd., 5.375%, 1/15/2036
|
|
|
61,000
|
61,127
|
|
|
|
|
|
$368,493
|
|
Financial Institutions – 0.4%
|
||||
|
Avolon Holdings Funding Ltd., 3.25%, 2/15/2027 (n)
|
|
$
|
197,000
|
$195,096
|
|
Avolon Holdings Funding Ltd., 2.75%, 2/21/2028 (n)
|
|
|
115,000
|
111,639
|
|
Avolon Holdings Funding Ltd., 4.95%, 10/15/2032 (n)
|
|
|
132,000
|
130,967
|
|
Macquarie AirFinance Holdings Ltd., 5.15%, 3/17/2030 (n)
|
|
|
186,000
|
188,322
|
|
SMBC Aviation Capital Finance DAC, 5.3%, 4/03/2029 (n)
|
|
|
200,000
|
205,413
|
|
SMBC Aviation Capital Finance DAC, 5.25%, 11/26/2035 (n)
|
|
|
200,000
|
199,320
|
|
|
|
|
|
$1,030,757
|
|
Food & Beverages – 1.0%
|
||||
|
Anheuser-Busch InBev Worldwide, Inc., 5.55%, 1/23/2049
|
|
$
|
347,000
|
$345,597
|
|
Bacardi Ltd., 5.15%, 5/15/2038 (n)
|
|
|
414,000
|
389,840
|
|
Diageo Capital PLC, 5.625%, 10/05/2033
|
|
|
200,000
|
211,813
|
|
Flowers Foods, Inc., 5.75%, 3/15/2035
|
|
|
105,000
|
104,555
|
|
Flowers Foods, Inc., 6.2%, 3/15/2055
|
|
|
31,000
|
28,421
|
|
JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 3%, 2/02/2029
|
|
|
68,000
|
65,650
|
|
JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 3.75%, 12/01/2031
|
|
|
79,000
|
74,806
|
|
JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 3.625%, 1/15/2032
|
|
|
99,000
|
92,958
|
|
JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 6.5%, 12/01/2052
|
|
|
78,000
|
81,076
|
|
Kraft Heinz Foods Co., 4.875%, 10/01/2049
|
|
|
76,000
|
65,082
|
|
Kraft Heinz Foods Co., 5.5%, 6/01/2050
|
|
|
112,000
|
104,296
|
|
Mars, Inc., 4.55%, 4/20/2028 (n)
|
|
|
40,000
|
40,519
|
|
Mars, Inc., 4.75%, 4/20/2033 (n)
|
|
|
184,000
|
185,379
|
|
Mars, Inc., 3.95%, 4/01/2049 (n)
|
|
|
59,000
|
46,755
|
|
Mars, Inc., 5.7%, 5/01/2055 (n)
|
|
|
262,000
|
261,129
|
|
SYSCO Corp., 4.45%, 3/15/2048
|
|
|
179,000
|
152,230
|
|
|
|
|
|
$2,250,106
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Gaming & Lodging – 0.3%
|
||||
|
Flutter Treasury DAC, 6.375%, 4/29/2029 (n)
|
|
$
|
200,000
|
$206,189
|
|
Flutter Treasury DAC, 5.875%, 6/04/2031 (n)
|
|
|
200,000
|
202,591
|
|
Las Vegas Sands Corp., 5.9%, 6/01/2027
|
|
|
31,000
|
31,569
|
|
Las Vegas Sands Corp., 6.2%, 8/15/2034
|
|
|
91,000
|
94,658
|
|
Marriott International, Inc., 2.85%, 4/15/2031
|
|
|
28,000
|
25,985
|
|
Marriott International, Inc., 3.5%, 10/15/2032
|
|
|
95,000
|
88,649
|
|
VICI Properties LP/VICI Note Co., Inc., 4.25%, 12/01/2026 (n)
|
|
|
84,000
|
83,968
|
|
|
|
|
|
$733,609
|
|
Industrial – 0.1%
|
||||
|
Booz Allen Hamilton, Inc., 5.95%, 4/15/2035
|
|
$
|
128,000
|
$131,699
|
|
Trustees of the University of Pennsylvania, 2.396%, 10/01/2050
|
|
|
234,000
|
136,810
|
|
|
|
|
|
$268,509
|
|
Insurance – 0.4%
|
||||
|
Corebridge Financial, Inc., 3.9%, 4/05/2032
|
|
$
|
92,000
|
$87,626
|
|
Corebridge Financial, Inc., 4.35%, 4/05/2042
|
|
|
149,000
|
127,432
|
|
Corebridge Global Funding, 4.9%, 8/21/2032 (n)
|
|
|
113,000
|
113,982
|
|
Lincoln National Corp., 5.852%, 3/15/2034
|
|
|
107,000
|
111,666
|
|
Northwestern Mutual Life Insurance Co., 6.17%, 5/29/2055 (n)
|
|
|
214,000
|
227,681
|
|
Pacific Life Insurance Co., 5.95%, 9/15/2055 (n)
|
|
|
172,000
|
173,689
|
|
Sammons Financial Group, Inc., 4.75%, 4/08/2032 (n)
|
|
|
136,000
|
132,188
|
|
|
|
|
|
$974,264
|
|
Insurance - Health – 0.3%
|
||||
|
Elevance Health, Inc., 5.65%, 6/15/2054
|
|
$
|
116,000
|
$111,980
|
|
Humana, Inc., 5.375%, 4/15/2031
|
|
|
83,000
|
85,013
|
|
Humana, Inc., 5.55%, 5/01/2035
|
|
|
113,000
|
113,313
|
|
Humana, Inc., 4.95%, 10/01/2044
|
|
|
46,000
|
39,629
|
|
UnitedHealth Group, Inc., 5.3%, 2/15/2030
|
|
|
60,000
|
62,470
|
|
UnitedHealth Group, Inc., 2.3%, 5/15/2031
|
|
|
105,000
|
94,684
|
|
UnitedHealth Group, Inc., 5.5%, 7/15/2044
|
|
|
80,000
|
78,651
|
|
UnitedHealth Group, Inc., 5.875%, 2/15/2053
|
|
|
160,000
|
160,770
|
|
|
|
|
|
$746,510
|
|
Insurance - Property & Casualty – 0.6%
|
||||
|
American International Group, Inc., 4.85%, 5/07/2030
|
|
$
|
108,000
|
$110,617
|
|
American International Group, Inc., 5.125%, 3/27/2033
|
|
|
146,000
|
149,502
|
|
Arthur J. Gallagher & Co., 6.5%, 2/15/2034
|
|
|
145,000
|
159,435
|
|
Arthur J. Gallagher & Co., 6.75%, 2/15/2054
|
|
|
140,000
|
155,203
|
|
Brown & Brown, Inc., 5.25%, 6/23/2032
|
|
|
50,000
|
51,004
|
|
Brown & Brown, Inc., 6.25%, 6/23/2055
|
|
|
26,000
|
26,887
|
|
Fairfax Financial Holdings Ltd., 3.375%, 3/03/2031
|
|
|
134,000
|
126,658
|
|
Fairfax Financial Holdings Ltd., 5.625%, 8/16/2032
|
|
|
63,000
|
65,763
|
|
Fairfax Financial Holdings Ltd., 6.5%, 5/20/2055
|
|
|
145,000
|
153,392
|
|
Marsh & McLennan Cos., Inc., 4.85%, 11/15/2031
|
|
|
172,000
|
176,032
|
|
Marsh & McLennan Cos., Inc., 4.9%, 3/15/2049
|
|
|
35,000
|
31,682
|
|
Marsh & McLennan Cos., Inc., 2.9%, 12/15/2051
|
|
|
83,000
|
52,507
|
|
Marsh & McLennan Cos., Inc., 5.4%, 3/15/2055
|
|
|
92,000
|
88,809
|
|
|
|
|
|
$1,347,491
|
|
International Market Quasi-Sovereign – 0.2%
|
||||
|
NBN Co. Ltd. (Commonwealth of Australia), 5.75%, 10/06/2028 (n)
|
|
$
|
200,000
|
$208,633
|
|
Ontario Teachers' Cadillac Fairview Properties, 2.5%, 10/15/2031 (n)
|
|
|
200,000
|
179,732
|
|
|
|
|
|
$388,365
|
|
International Market Sovereign – 0.1%
|
||||
|
Government of Bermuda, 5%, 7/15/2032 (n)
|
|
$
|
200,000
|
$201,934
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Machinery & Tools – 0.2%
|
||||
|
Ashtead Capital, Inc., 5.55%, 5/30/2033 (n)
|
|
$
|
200,000
|
$206,717
|
|
CNH Industrial Capital LLC, 5.5%, 1/12/2029
|
|
|
95,000
|
98,334
|
|
CNH Industrial N.V., 3.85%, 11/15/2027
|
|
|
147,000
|
146,462
|
|
|
|
|
|
$451,513
|
|
Major Banks – 3.3%
|
||||
|
Bank of America Corp., 4.376% to 4/27/2027, FLR (SOFR - 1 day + 1.58%) to 4/27/2028
|
|
$
|
86,000
|
$86,394
|
|
Bank of America Corp., 3.419% to 12/20/2027, FLR ((SOFR - 3mo. + 0.26161%) + 1.04%)
to 12/20/2028
|
|
|
168,000
|
166,170
|
|
Bank of America Corp., 5.819% to 9/15/2028, FLR (SOFR - 1 day + 1.57%) to 9/15/2029
|
|
|
210,000
|
219,011
|
|
Bank of America Corp., 2.687% to 4/22/2031, FLR (SOFR - 1 day + 1.32%) to 4/22/2032
|
|
|
248,000
|
227,573
|
|
Bank of America Corp., 5.872% to 9/15/2033, FLR (SOFR - 1 day + 1.84%) to 9/15/2034
|
|
|
243,000
|
258,106
|
|
BNP Paribas, 6.875% to 12/15/2033, FLR (CMT - 5yr. + 2.853%) to 6/15/2174 (n)
|
|
|
200,000
|
201,810
|
|
Commonwealth Bank of Australia, 3.61% to 9/12/2029, FLR (CMT - 1yr. + 2.05%) to 9/12/2034 (n)
|
|
|
200,000
|
193,736
|
|
Commonwealth Bank of Australia, 3.305%, 3/11/2041 (n)
|
|
|
200,000
|
155,537
|
|
Deutsche Bank AG, 5.706% to 2/08/2027, FLR (SOFR - 1 day + 1.594%) to 2/08/2028
|
|
|
150,000
|
152,347
|
|
Deutsche Bank AG, 5.373% to 1/10/2028, FLR (SOFR - 1 day + 1.21%) to 1/10/2029
|
|
|
150,000
|
153,179
|
|
Deutsche Bank AG, 4.95% to 8/04/2030, FLR (SOFR - 1 day + 1.3%) to 8/04/2031
|
|
|
150,000
|
151,753
|
|
Goldman Sachs Group, Inc., 4.692% to 10/23/2029, FLR (SOFR - 1 day + 1.135%) to 10/23/2030
|
|
|
130,000
|
131,764
|
|
Goldman Sachs Group, Inc., 5.016% to 10/23/2034, FLR (SOFR - 1 day + 1.42%) to 10/23/2035
|
|
|
198,000
|
198,159
|
|
Goldman Sachs Group, Inc., 5.065% to 1/21/2036, FLR (SOFR - 1 day + 1.19%) to 1/21/2037
|
|
|
138,000
|
137,408
|
|
HSBC Holdings PLC, 5.13% to 3/03/2030, FLR (SOFR - 1 day + 1.29%) to 3/03/2031
|
|
|
200,000
|
204,986
|
|
JPMorgan Chase & Co., 5.581% to 4/22/2029, FLR (SOFR - 1 day + 1.16%) to 4/22/2030
|
|
|
398,000
|
414,668
|
|
JPMorgan Chase & Co., 2.545% to 11/08/2031, FLR (SOFR - 1 day + 1.18%) to 11/08/2032
|
|
|
295,000
|
265,794
|
|
JPMorgan Chase & Co., 5.336% to 1/23/2034, FLR (SOFR - 1 day + 1.62%) to 1/23/2035
|
|
|
118,000
|
121,543
|
|
JPMorgan Chase & Co., 4.946% to 10/22/2034, FLR (SOFR - 1 day + 1.34%) to 10/22/2035
|
|
|
185,000
|
185,780
|
|
JPMorgan Chase & Co., 4.81% to 10/22/2035, FLR (SOFR - 1 day + 1.19%) to 10/22/2036
|
|
|
150,000
|
147,868
|
|
JPMorgan Chase & Co., 4.898% to 1/22/2036, FLR (SOFR - 1 day + 1.07%) to 1/22/2037
|
|
|
186,000
|
184,585
|
|
Mitsubishi UFJ Financial Group, Inc., 1.64% to 10/13/2026, FLR (CMT - 1yr. + 0.67%)
to 10/13/2027
|
|
|
200,000
|
196,752
|
|
Mitsubishi UFJ Financial Group, Inc., 2.494% to 10/13/2031, FLR (CMT - 1yr. + 0.97%)
to 10/13/2032
|
|
|
400,000
|
358,874
|
|
Mitsubishi UFJ Financial Group, Inc., 5.188%, 9/12/2036
|
|
|
200,000
|
202,342
|
|
Morgan Stanley, 5.449% to 7/20/2028, FLR (SOFR - 1 day + 1.63%) to 7/20/2029
|
|
|
98,000
|
101,025
|
|
Morgan Stanley, 3.622% to 4/01/2030, FLR (SOFR - 1 day + 3.12%) to 4/01/2031
|
|
|
93,000
|
90,297
|
|
Morgan Stanley, 2.239% to 7/21/2031, FLR (SOFR - 1 day + 1.178%) to 7/21/2032
|
|
|
73,000
|
64,781
|
|
Morgan Stanley, 5.424% to 7/21/2033, FLR (SOFR - 1 day + 1.88%) to 7/21/2034
|
|
|
110,000
|
113,877
|
|
Morgan Stanley, 5.073% to 1/30/2036, FLR (SOFR - 1 day + 1.184%) to 1/30/2037
|
|
|
263,000
|
261,777
|
|
National Australia Bank Ltd., 3.347% to 1/12/2032, FLR (CMT - 5yr. + 1.7%) to 1/12/2037 (n)
|
|
|
250,000
|
229,593
|
|
Nationwide Building Society, 4.351%, 9/30/2030 (n)
|
|
|
200,000
|
199,660
|
|
Nordea Bank Abp, 1.5%, 9/30/2026 (n)
|
|
|
263,000
|
258,993
|
|
PNC Financial Services Group, Inc., 5.3% to 1/21/2027, FLR (SOFR - 1 day + 1.342%)
to 1/21/2028
|
|
|
53,000
|
53,675
|
|
PNC Financial Services Group, Inc., 5.676% to 1/22/2034, FLR (SOFR - 1 day + 1.902%)
to 1/22/2035
|
|
|
93,000
|
97,563
|
|
PNC Financial Services Group, Inc., 5.575% to 1/29/2035, FLR (SOFR - 1 day + 1.394%)
to 1/29/2036
|
|
|
140,000
|
145,343
|
|
Sumitomo Mitsui Financial Group, Inc., 1.71%, 1/12/2031
|
|
|
200,000
|
176,033
|
|
Toronto-Dominion Bank, 4.693%, 9/15/2027
|
|
|
94,000
|
95,140
|
|
UBS Group AG, 5.617%, 9/13/2030 (n)
|
|
|
200,000
|
209,036
|
|
UBS Group AG, 5.58%, 5/09/2036 (n)
|
|
|
365,000
|
378,381
|
|
UBS Group AG, 7% to 8/05/2035, FLR (USD SOFR ICE Swap Rate - 5yr. + 3.296%) to 8/05/2172 (n)
|
|
|
200,000
|
203,271
|
|
Wells Fargo & Co., 5.574% to 7/25/2028, FLR (SOFR - 1 day + 1.74%) to 7/25/2029
|
|
|
59,000
|
61,048
|
|
Wells Fargo & Co., 5.244% to 1/24/2030, FLR (SOFR - 1 day + 1.11%) to 1/24/2031
|
|
|
41,000
|
42,360
|
|
Wells Fargo & Co., 5.389% to 4/24/2033, FLR (SOFR - 1 day + 2.02%) to 4/24/2034
|
|
|
160,000
|
165,472
|
|
|
|
|
|
$7,663,464
|
|
Medical & Health Technology & Services – 0.6%
|
||||
|
Alcon Finance Corp., 2.75%, 9/23/2026 (n)
|
|
$
|
200,000
|
$198,385
|
|
Alcon Finance Corp., 2.6%, 5/27/2030 (n)
|
|
|
200,000
|
186,406
|
|
Baxter International, Inc., 4.9%, 12/15/2030
|
|
|
39,000
|
39,291
|
|
Baxter International, Inc., 5.65%, 12/15/2035
|
|
|
55,000
|
55,467
|
|
CommonSpirit Health, 5.662%, 9/01/2055
|
|
|
66,000
|
64,039
|
|
HCA, Inc., 4.9%, 11/15/2035
|
|
|
113,000
|
110,977
|
|
HCA, Inc., 5.7%, 11/15/2055
|
|
|
101,000
|
96,223
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Medical & Health Technology & Services – continued
|
||||
|
ICON Investments Six DAC, 5.809%, 5/08/2027
|
|
$
|
200,000
|
$203,763
|
|
Marin General Hospital, 7.242%, 8/01/2045
|
|
|
59,000
|
64,047
|
|
Thermo Fisher Scientific, Inc., 4.977%, 8/10/2030
|
|
|
61,000
|
63,074
|
|
Thermo Fisher Scientific, Inc., 4.473%, 10/07/2032
|
|
|
165,000
|
165,333
|
|
Thermo Fisher Scientific, Inc., 2.8%, 10/15/2041
|
|
|
178,000
|
131,351
|
|
|
|
|
|
$1,378,356
|
|
Medical Equipment – 0.2%
|
||||
|
Danaher Corp., 2.6%, 10/01/2050
|
|
$
|
248,000
|
$151,381
|
|
Stryker Corp., 4.625%, 9/11/2034
|
|
|
263,000
|
260,582
|
|
|
|
|
|
$411,963
|
|
Metals & Mining – 0.1%
|
||||
|
Glencore Finance Co., 5.55%, 10/25/2042 (n)
|
|
$
|
10,000
|
$9,784
|
|
Rio Tinto Finance (USA) PLC, 5%, 3/14/2032
|
|
|
45,000
|
46,322
|
|
Rio Tinto Finance (USA) PLC, 5.75%, 3/14/2055
|
|
|
54,000
|
55,019
|
|
Vale Overseas Ltd., 6.4%, 6/28/2054
|
|
|
92,000
|
94,597
|
|
|
|
|
|
$205,722
|
|
Midstream – 0.6%
|
||||
|
Cheniere Energy Partners LP, 5.55%, 10/30/2035 (n)
|
|
$
|
153,000
|
$156,488
|
|
Columbia Pipelines Holdings Co. LLC, 6.055%, 8/15/2026 (n)
|
|
|
22,000
|
22,182
|
|
Columbia Pipelines Operating Co. LLC, 6.497%, 8/15/2043 (n)
|
|
|
108,000
|
114,467
|
|
Columbia Pipelines Operating Co. LLC, 6.544%, 11/15/2053 (n)
|
|
|
77,000
|
82,026
|
|
Eastern Energy Gas Holdings LLC, 5.65%, 10/15/2054
|
|
|
153,000
|
148,928
|
|
Energy Transfer LP, 4%, 10/01/2027
|
|
|
77,000
|
76,943
|
|
Energy Transfer LP, 5.95%, 5/15/2054
|
|
|
121,000
|
115,364
|
|
Enterprise Products Operating LLC, 4.85%, 1/31/2034
|
|
|
164,000
|
165,265
|
|
Galaxy Pipeline Assets Bidco Ltd., 1.75%, 9/30/2027 (n)
|
|
|
70,248
|
68,673
|
|
Plains All American Pipeline LP, 5.95%, 6/15/2035
|
|
|
236,000
|
246,080
|
|
Plains All American Pipeline LP, 5.6%, 1/15/2036
|
|
|
64,000
|
64,933
|
|
Targa Resources Corp., 4.95%, 4/15/2052
|
|
|
269,000
|
229,676
|
|
|
|
|
|
$1,491,025
|
|
Municipals – 0.1%
|
||||
|
Golden State, CA, Tobacco Securitization Corp., Tobacco Settlement Rev., Taxable,
“B”, 2.746%, 6/01/2034
|
|
$
|
40,000
|
$35,434
|
|
Kentucky Higher Education Student Loan Corp. Rev., Taxable, “A-2”, 6.195%, 6/01/2040
|
|
|
90,000
|
93,622
|
|
National Finance Authority, NH, Utility Refunding Rev., Taxable (Wheeling Power Co.
Project), “A”, 6.89%, 4/01/2034
|
|
|
100,000
|
105,448
|
|
|
|
|
|
$234,504
|
|
Natural Gas - Distribution – 0.1%
|
||||
|
Boston Gas Co., 5.843%, 1/10/2035 (n)
|
|
$
|
227,000
|
$239,811
|
|
Sempra, 6.875% to 10/01/2029, FLR (CMT - 5yr. + 2.789%) to 10/01/2054
|
|
|
59,000
|
60,478
|
|
|
|
|
|
$300,289
|
|
Network & Telecom – 0.2%
|
||||
|
NTT Finance Corp., 5.171%, 7/16/2032 (n)
|
|
$
|
200,000
|
$205,292
|
|
NTT Finance Corp., 5.502%, 7/16/2035 (n)
|
|
|
200,000
|
206,603
|
|
|
|
|
|
$411,895
|
|
Oils – 0.1%
|
||||
|
Marathon Petroleum Corp., 5.7%, 3/01/2035
|
|
$
|
86,000
|
$88,870
|
|
Raizen Fuels Finance S.A., 6.25%, 7/08/2032 (n)
|
|
|
200,000
|
167,500
|
|
|
|
|
|
$256,370
|
|
Other Banks & Diversified Financials – 0.6%
|
||||
|
AIB Group PLC, 6.608% to 9/13/2028, FLR (SOFR - 1 day + 2.33%) to 9/13/2029 (n)
|
|
$
|
200,000
|
$212,171
|
|
Bank Hapolaim B.M., 4.722%, 7/14/2029 (n)
|
|
|
202,000
|
201,625
|
|
CaixaBank S.A., 6.84% to 9/13/2033, FLR (SOFR - 1 day + 2.77%) to 9/13/2034 (n)
|
|
|
200,000
|
222,945
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Other Banks & Diversified Financials – continued
|
||||
|
Intesa Sanpaolo S.p.A., 7.2%, 11/28/2033 (n)
|
|
$
|
200,000
|
$228,866
|
|
M&T Bank Corp., 4.553% to 8/16/2027, FLR (SOFR - 1 day + 1.78%) to 8/16/2028
|
|
|
43,000
|
43,283
|
|
M&T Bank Corp., 7.413% to 10/30/2028, FLR (SOFR - 1 day + 2.80%) to 10/30/2029
|
|
|
38,000
|
41,191
|
|
M&T Bank Corp., 5.053% to 1/27/2033, FLR (SOFR - 1 day + 1.850%) to 1/27/2034
|
|
|
169,000
|
169,664
|
|
Truist Financial Corp., 7.161% to 10/30/2028, FLR (SOFR - 1 day + 2.446%) to 10/30/2029
|
|
|
226,000
|
243,367
|
|
|
|
|
|
$1,363,112
|
|
Pharmaceuticals – 0.5%
|
||||
|
AbbVie, Inc., 5.35%, 3/15/2044
|
|
$
|
262,000
|
$259,134
|
|
AbbVie, Inc., 5.4%, 3/15/2054
|
|
|
83,000
|
80,500
|
|
Eli Lilly & Co., 4.7%, 2/09/2034
|
|
|
196,000
|
198,092
|
|
Eli Lilly & Co., 5.5%, 2/12/2055
|
|
|
24,000
|
23,880
|
|
Merck & Co., Inc., 4.75%, 12/04/2035
|
|
|
159,000
|
157,640
|
|
Pfizer Investment Enterprises Pte. Ltd., 5.3%, 5/19/2053
|
|
|
123,000
|
116,658
|
|
Pfizer, Inc., 2.55%, 5/28/2040
|
|
|
58,000
|
42,554
|
|
Roche Holdings, Inc., 5.489%, 11/13/2030 (n)
|
|
|
340,000
|
359,028
|
|
|
|
|
|
$1,237,486
|
|
Precious Metals & Minerals – 0.1%
|
||||
|
Northern Star Resources Ltd. Co., 6.125%, 4/11/2033 (n)
|
|
$
|
182,000
|
$191,932
|
|
Railroad & Shipping – 0.2%
|
||||
|
Burlington Northern Santa Fe LLC, 5.2%, 4/15/2054
|
|
$
|
196,000
|
$184,650
|
|
Burlington Northern Sante Fe LLC, 5.5%, 3/15/2055
|
|
|
101,000
|
99,463
|
|
Canadian Pacific Railway Co., 3.1%, 12/02/2051
|
|
|
237,000
|
157,319
|
|
|
|
|
|
$441,432
|
|
Real Estate - Apartment – 0.1%
|
||||
|
American Homes 4 Rent LP, REIT, 5.25%, 3/15/2035
|
|
$
|
274,000
|
$274,699
|
|
Real Estate - Office – 0.3%
|
||||
|
Boston Properties LP, REIT, 3.65%, 2/01/2026
|
|
$
|
81,000
|
$81,000
|
|
Boston Properties LP, REIT, 2.75%, 10/01/2026
|
|
|
127,000
|
125,868
|
|
COPT Defense Properties, 4.5%, 10/15/2030
|
|
|
96,000
|
95,769
|
|
Corporate Office Property LP, REIT, 2%, 1/15/2029
|
|
|
85,000
|
79,899
|
|
Corporate Office Property LP, REIT, 2.75%, 4/15/2031
|
|
|
50,000
|
45,661
|
|
Highwoods Realty LP, 5.35%, 1/15/2033
|
|
|
213,000
|
213,629
|
|
|
|
|
|
$641,826
|
|
Real Estate - Other – 0.1%
|
||||
|
Prologis LP, REIT, 5.125%, 1/15/2034
|
|
$
|
181,000
|
$185,059
|
|
Real Estate - Retail – 0.2%
|
||||
|
NNN REIT, Inc., 5.6%, 10/15/2033
|
|
$
|
85,000
|
$88,605
|
|
Realty Income Corp., REIT, 5.375%, 9/01/2054
|
|
|
182,000
|
175,758
|
|
STORE Capital Corp., REIT, 4.625%, 3/15/2029
|
|
|
117,000
|
116,731
|
|
STORE Capital Corp., REIT, 2.75%, 11/18/2030
|
|
|
199,000
|
181,270
|
|
|
|
|
|
$562,364
|
|
Retailers – 0.2%
|
||||
|
Alimentation Couche-Tard, Inc., 5.077%, 9/29/2035 (n)
|
|
$
|
100,000
|
$100,216
|
|
Amazon.com, Inc., 3.6%, 4/13/2032
|
|
|
102,000
|
98,678
|
|
Home Depot, Inc., 4.85%, 6/25/2031
|
|
|
27,000
|
27,934
|
|
Home Depot, Inc., 3.9%, 6/15/2047
|
|
|
237,000
|
188,436
|
|
|
|
|
|
$415,264
|
|
Specialty Stores – 0.1%
|
||||
|
DICK'S Sporting Goods, 4.1%, 1/15/2052
|
|
$
|
165,000
|
$120,659
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Supermarkets – 0.0%
|
||||
|
Kroger Co., 5.5%, 9/15/2054
|
|
$
|
78,000
|
$74,422
|
|
Telecommunications - Wireless – 0.5%
|
||||
|
American Tower Corp., 5.2%, 2/15/2029
|
|
$
|
90,000
|
$92,554
|
|
American Tower Corp., 5.45%, 2/15/2034
|
|
|
115,000
|
119,131
|
|
American Tower Corp., 3.7%, 10/15/2049
|
|
|
101,000
|
75,137
|
|
Cellnex Finance Co. S.A., 3.875%, 7/07/2041 (n)
|
|
|
200,000
|
161,950
|
|
Crown Castle, Inc., REIT, 3.7%, 6/15/2026
|
|
|
100,000
|
99,834
|
|
Rogers Communications, Inc., 4.5%, 3/15/2042
|
|
|
150,000
|
128,887
|
|
Rogers Communications, Inc., 4.55%, 3/15/2052
|
|
|
20,000
|
16,130
|
|
T-Mobile USA, Inc., 5.05%, 7/15/2033
|
|
|
184,000
|
186,966
|
|
T-Mobile USA, Inc., 5.75%, 1/15/2054
|
|
|
60,000
|
58,511
|
|
Vodafone Group PLC, 5.625%, 2/10/2053
|
|
|
153,000
|
147,313
|
|
|
|
|
|
$1,086,413
|
|
Tobacco – 0.1%
|
||||
|
B.A.T. Capital Corp., 6.343%, 8/02/2030
|
|
$
|
112,000
|
$121,051
|
|
Japan Tobacco, Inc., 5.25%, 6/15/2030 (n)
|
|
|
150,000
|
154,987
|
|
|
|
|
|
$276,038
|
|
Transportation - Services – 0.1%
|
||||
|
Element Fleet Management Corp., 6.319%, 12/04/2028 (n)
|
|
$
|
133,000
|
$140,152
|
|
Element Fleet Management Corp., 5.037%, 3/25/2030 (n)
|
|
|
141,000
|
144,061
|
|
|
|
|
|
$284,213
|
|
U.S. Treasury Obligations – 0.3%
|
||||
|
U.S. Treasury Bonds, 5%, 5/15/2045 (f)
|
|
$
|
108,000
|
$110,362
|
|
U.S. Treasury Bonds, 4.875%, 8/15/2045 (f)
|
|
|
326,000
|
327,885
|
|
U.S. Treasury Bonds, 4.625%, 11/15/2045 (f)
|
|
|
244,000
|
237,328
|
|
|
|
|
|
$675,575
|
|
Utilities - Electric Power – 1.8%
|
||||
|
Adani Electricity Mumbai Ltd., 3.949%, 2/12/2030 (n)
|
|
$
|
200,000
|
$187,271
|
|
AEP Texas, Inc., 5.7%, 5/15/2034
|
|
|
140,000
|
146,012
|
|
AEP Transmission Co. LLC, 5.375%, 6/15/2035
|
|
|
76,000
|
78,154
|
|
AEP Transmission Co. LLC, 5.4%, 3/15/2053
|
|
|
163,000
|
157,622
|
|
Algonquin Power & Utilities Corp., 5.365%, 6/15/2026
|
|
|
35,000
|
35,157
|
|
American Transmission Systems, Inc., 2.65%, 1/15/2032 (n)
|
|
|
95,000
|
85,679
|
|
Berkshire Hathaway Energy Co., 5.15%, 11/15/2043
|
|
|
65,000
|
62,183
|
|
Berkshire Hathaway Energy Co., 4.6%, 5/01/2053
|
|
|
21,000
|
17,658
|
|
Duke Energy Carolinas LLC, 2.85%, 3/15/2032
|
|
|
64,000
|
58,603
|
|
Duke Energy Florida LLC, 3.4%, 10/01/2046
|
|
|
85,000
|
62,038
|
|
Duke Energy Florida LLC, 6.2%, 11/15/2053
|
|
|
150,000
|
160,617
|
|
Enel Finance International N.V., 5.5%, 6/15/2052 (n)
|
|
|
400,000
|
375,468
|
|
Eversource Energy, 4.45%, 12/15/2030
|
|
|
57,000
|
56,905
|
|
Eversource Energy, 5.5%, 1/01/2034
|
|
|
154,000
|
158,423
|
|
FirstEnergy Corp., 2.65%, 3/01/2030
|
|
|
125,000
|
116,880
|
|
Florida Power & Light Co., 3.95%, 3/01/2048
|
|
|
297,000
|
236,533
|
|
Georgia Power Co., 4.7%, 5/15/2032
|
|
|
128,000
|
129,715
|
|
Georgia Power Co., 5.125%, 5/15/2052
|
|
|
151,000
|
140,540
|
|
Jersey Central Power & Light Co., 2.75%, 3/01/2032 (n)
|
|
|
187,000
|
168,738
|
|
MidAmerican Energy Co., 5.85%, 9/15/2054
|
|
|
131,000
|
134,265
|
|
NextEra Energy Capital Holdings, Inc., 2.44%, 1/15/2032
|
|
|
149,000
|
132,600
|
|
Northern States Power Co. of Minnesota, 5.05%, 5/15/2035
|
|
|
99,000
|
100,605
|
|
Oncor Electric Delivery Co. LLC, 5.35%, 4/01/2035 (n)
|
|
|
106,000
|
108,747
|
|
Pacific Gas & Electric Co., 2.5%, 2/01/2031
|
|
|
93,000
|
84,089
|
|
Pacific Gas & Electric Co., 4%, 12/01/2046
|
|
|
120,000
|
90,249
|
|
PPL Electric Utilities Corp., 4.85%, 2/15/2034
|
|
|
171,000
|
172,369
|
|
PSEG Power LLC, 5.2%, 5/15/2030 (n)
|
|
|
125,000
|
128,231
|
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Bonds – continued
|
||||
|
Utilities - Electric Power – continued
|
||||
|
PSEG Power LLC, 5.75%, 5/15/2035 (n)
|
|
$
|
137,000
|
$141,555
|
|
Public Service Electric & Gas Co., 5.5%, 3/01/2055
|
|
|
79,000
|
77,848
|
|
Southern California Edison Co., 4.5%, 9/01/2040
|
|
|
39,000
|
34,029
|
|
Vistra Operations Co. LLC, 4.7%, 1/31/2031 (n)
|
|
|
139,000
|
138,805
|
|
Vistra Operations Co. LLC, 5.35%, 1/31/2036 (n)
|
|
|
139,000
|
138,252
|
|
Xcel Energy, Inc., 4.6%, 6/01/2032
|
|
|
143,000
|
142,298
|
|
Xcel Energy, Inc., 5.5%, 3/15/2034
|
|
|
119,000
|
122,528
|
|
|
|
|
|
$4,180,666
|
|
Utilities - Gas – 0.1%
|
||||
|
APA Infrastructure Ltd., 5%, 3/23/2035 (n)
|
|
$
|
43,000
|
$42,771
|
|
APA Infrastructure Ltd., 5.75%, 9/16/2044 (n)
|
|
|
81,000
|
81,371
|
|
Spire, Inc., 6.25%, 6/01/2056
|
|
|
184,000
|
183,361
|
|
|
|
|
|
$307,503
|
|
Total Bonds
|
|
$44,572,024
|
||
|
Convertible Preferred Stocks – 0.0%
|
||||
|
Aerospace & Defense – 0.0%
|
|
|||
|
Boeing Co., 6%, 10/15/2027
|
|
883
|
$65,978
|
|
|
Contingent Value Rights – 0.0%
|
||||
|
Biotechnology – 0.0%
|
||||
|
Sanofi S.A., (a)(u)
|
|
|
101
|
$0
|
|
|
Strike
Price
|
First
Exercise
|
|
|
|
Warrants – 0.0%
|
|
|
|
|
|
Computer Software – 0.0%
|
||||
|
Constellation Software, Inc. (a)
|
CAD 11.5
|
3/31/40
|
149
|
$0
|
|
Medical Equipment – 0.0%
|
||||
|
OptiNose, Inc. (a)
|
$ 2.565
|
11/23/27
|
1
|
$0
|
|
Total Warrants
|
|
$0
|
||
|
|
|
|
|
|
|
Mutual Funds (h) – 5.6%
|
||||
|
Money Market Funds – 5.6%
|
|
|||
|
MFS Institutional Money Market Portfolio, 3.73% (v)
|
|
|
12,803,072
|
$12,805,632
|
|
Underlying/Expiration Date/Exercise Price (Rate)
|
Put/Call
|
Counterparty
|
Notional
Amount
|
Par Amount/
Number of
Contracts
|
|
|
Purchased Options – 0.0%
|
|
||||
|
Market Index Securities – 0.0%
|
|
||||
|
Euro Stoxx 50 Index – 2/20/2026 @ EUR 4,800
|
Put
|
Goldman Sachs International
|
$2,961,099
|
42
|
$1,842
|
|
Euro Stoxx 50 Index – 6/19/2026 @ EUR 4,900
|
Put
|
Goldman Sachs International
|
2,679,090
|
38
|
22,432
|
|
Ishares MSCI Emerging Market ETF – 6/18/2026 @ $43
|
Put
|
Goldman Sachs International
|
5,910,000
|
1,000
|
14,000
|
|
Standard & Poor's 500 Index – 9/18/2026 @ $6,050
|
Put
|
Goldman Sachs International
|
2,775,612
|
4
|
53,160
|
|
Total Purchased Options
|
|
$91,434
|
|||
|
Issuer
|
|
|
Shares/Par
|
Value ($)
|
|
Collateral for Securities Loaned – 0.1%
|
||||
|
JPMorgan U.S. Government Money Market Fund - Class IM Shares, 3.64% (j)
|
|
|
226,062
|
$226,062
|
|
|
||||
|
Other Assets, Less Liabilities – 0.9%
|
|
2,038,258
|
||
|
Net Assets – 100.0%
|
$229,600,435
|
|||
|
(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 $12,805,632 and
$214,756,545, 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 $15,164,183,
representing 6.6% of net assets.
|
|
(s)
|
Security or a portion of the security was pledged to cover collateral requirements
for certain derivative transactions.
|
|
(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.
|
|
The following abbreviations are used in this report and are defined:
|
|
|
ADR
|
American Depositary Receipt
|
|
CMT
|
Constant Maturity Treasury
|
|
ETF
|
Exchange-Traded Fund
|
|
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
|
|
ICE
|
Intercontinental Exchange
|
|
REIT
|
Real Estate Investment Trust
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
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
|
|
CNY
|
China Yuan Renminbi
|
|
DKK
|
Danish Krone
|
|
EUR
|
Euro
|
|
GBP
|
British Pound
|
|
HKD
|
Hong Kong Dollar
|
|
IDR
|
Indonesian Rupiah
|
|
ILS
|
Israeli Shekel
|
|
INR
|
Indian Rupee
|
|
JPY
|
Japanese Yen
|
|
KRW
|
South Korean Won
|
|
MXN
|
Mexican Peso
|
|
NOK
|
Norwegian Krone
|
|
NZD
|
New Zealand Dollar
|
|
SEK
|
Swedish Krona
|
|
SGD
|
Singapore Dollar
|
|
THB
|
Thai Baht
|
|
TRY
|
Turkish Lira
|
|
TWD
|
Taiwan Dollar
|
|
ZAR
|
South African Rand
|
|
Derivative Contracts at 1/31/26
|
||||||
|
Forward Foreign Currency Exchange Contracts
|
||||||
|
Currency
Purchased
|
Currency
Sold
|
Counterparty
|
Settlement
Date
|
Unrealized
Appreciation
(Depreciation)
|
||
|
Asset Derivatives
|
||||||
|
AUD
|
2,980,000
|
USD
|
1,920,857
|
Deutsche Bank AG
|
2/12/2026
|
$154,236
|
|
AUD
|
8,013,000
|
USD
|
5,318,901
|
HSBC Bank
|
2/12/2026
|
260,871
|
|
AUD
|
1,629,000
|
USD
|
1,076,776
|
Morgan Stanley Capital Services LLC
|
2/12/2026
|
57,561
|
|
CAD
|
360,569
|
USD
|
263,055
|
Citibank N.A.
|
2/12/2026
|
1,847
|
|
CAD
|
4,464,000
|
USD
|
3,232,309
|
HSBC Bank
|
2/12/2026
|
47,291
|
|
CHF
|
1,484,000
|
USD
|
1,881,978
|
Citibank N.A.
|
2/12/2026
|
39,498
|
|
CHF
|
803,000
|
USD
|
1,001,714
|
HSBC Bank
|
2/12/2026
|
38,007
|
|
EUR
|
2,974,000
|
USD
|
3,454,429
|
HSBC Bank
|
2/12/2026
|
72,261
|
|
EUR
|
3,188,000
|
USD
|
3,772,996
|
Merrill Lynch International
|
2/12/2026
|
7,463
|
|
EUR
|
18,151
|
USD
|
21,237
|
Morgan Stanley Capital Services LLC
|
4/17/2026
|
354
|
|
GBP
|
970,000
|
USD
|
1,298,360
|
HSBC Bank
|
2/12/2026
|
28,922
|
|
GBP
|
461,000
|
USD
|
620,954
|
Morgan Stanley Capital Services LLC
|
2/12/2026
|
9,847
|
|
NOK
|
7,047,000
|
USD
|
687,903
|
Deutsche Bank AG
|
2/12/2026
|
43,811
|
|
NOK
|
11,301,000
|
USD
|
1,130,157
|
Goldman Sachs International
|
2/12/2026
|
43,264
|
|
NOK
|
89,770,893
|
USD
|
8,808,254
|
HSBC Bank
|
2/12/2026
|
512,967
|
|
NZD
|
12,897,000
|
USD
|
7,441,404
|
HSBC Bank
|
2/12/2026
|
326,444
|
|
SEK
|
25,829,000
|
USD
|
2,769,538
|
Citibank N.A.
|
2/12/2026
|
131,425
|
|
SEK
|
22,573,000
|
USD
|
2,439,620
|
HSBC Bank
|
2/12/2026
|
95,650
|
|
SEK
|
62,947,068
|
USD
|
6,658,812
|
State Street Corp.
|
2/12/2026
|
411,038
|
|
USD
|
173,823
|
BRL
|
909,113
|
Goldman Sachs International
|
2/03/2026
|
1,078
|
|
USD
|
170,770
|
BRL
|
909,113
|
Goldman Sachs International
|
5/05/2026
|
1,536
|
|
USD
|
172,533
|
HKD
|
1,339,000
|
Citibank N.A.
|
2/12/2026
|
1,064
|
|
USD
|
1,996,126
|
HKD
|
15,488,902
|
HSBC Bank
|
2/12/2026
|
12,659
|
|
USD
|
167,194
|
HKD
|
1,298,000
|
State Street Corp.
|
2/12/2026
|
976
|
|
USD
|
74,483
|
IDR
|
1,212,682,000
|
Citibank N.A.
|
2/12/2026
|
2,243
|
|
USD
|
674,567
|
INR
|
59,516,252
|
Citibank N.A.
|
2/12/2026
|
27,950
|
|
USD
|
126,155
|
INR
|
11,225,000
|
Morgan Stanley Capital Services LLC
|
2/12/2026
|
4,200
|
|
USD
|
9,288,271
|
JPY
|
1,347,832,584
|
Deutsche Bank AG
|
2/12/2026
|
572,563
|
|
USD
|
837,995
|
JPY
|
129,040,000
|
HSBC Bank
|
2/12/2026
|
3,563
|
|
USD
|
2,773,521
|
JPY
|
413,455,000
|
Morgan Stanley Capital Services LLC
|
2/12/2026
|
99,929
|
|
USD
|
561,096
|
KRW
|
775,715,800
|
JPMorgan Chase Bank N.A.
|
2/12/2026
|
21,992
|
|
USD
|
515,891
|
SGD
|
653,841
|
State Street Corp.
|
2/12/2026
|
1,590
|
|
USD
|
1,265,650
|
TWD
|
37,424,323
|
Citibank N.A.
|
2/12/2026
|
75,738
|
|
|
|
|
|
|
|
$3,109,838
|
|
Liability Derivatives
|
||||||
|
BRL
|
909,114
|
USD
|
173,823
|
Barclays Bank PLC
|
2/03/2026
|
$(1,078
)
|
|
BRL
|
909,113
|
USD
|
174,377
|
Goldman Sachs International
|
2/03/2026
|
(1,632
)
|
|
JPY
|
143,746,000
|
USD
|
993,876
|
JPMorgan Chase Bank N.A.
|
2/12/2026
|
(64,348
)
|
|
TWD
|
4,026,000
|
USD
|
129,096
|
JPMorgan Chase Bank N.A.
|
2/12/2026
|
(1,089
)
|
|
USD
|
9,740,967
|
AUD
|
14,750,423
|
HSBC Bank
|
2/12/2026
|
(530,342
)
|
|
USD
|
165,657
|
BRL
|
909,113
|
Barclays Bank PLC
|
2/03/2026
|
(7,088
)
|
|
USD
|
727,563
|
CAD
|
1,012,000
|
HSBC Bank
|
2/12/2026
|
(15,930
)
|
|
USD
|
1,619,327
|
CAD
|
2,244,000
|
JPMorgan Chase Bank N.A.
|
2/12/2026
|
(29,289
)
|
|
USD
|
3,236,047
|
CAD
|
4,461,000
|
State Street Corp.
|
2/12/2026
|
(41,349
)
|
|
USD
|
12,615,336
|
CHF
|
9,972,619
|
HSBC Bank
|
2/12/2026
|
(297,163
)
|
|
USD
|
637,593
|
CHF
|
502,000
|
Morgan Stanley Capital Services LLC
|
2/12/2026
|
(12,394
)
|
|
USD
|
2,958,140
|
CHF
|
2,318,000
|
State Street Corp.
|
2/12/2026
|
(43,196
)
|
|
USD
|
201,623
|
CNY
|
1,409,000
|
Barclays Bank PLC
|
2/12/2026
|
(1,260
)
|
|
USD
|
125,631
|
DKK
|
808,000
|
HSBC Bank
|
2/12/2026
|
(2,683
)
|
|
USD
|
782,363
|
DKK
|
4,942,287
|
State Street Corp.
|
2/12/2026
|
(2,490
)
|
|
USD
|
3,067,755
|
EUR
|
2,621,000
|
Goldman Sachs International
|
2/12/2026
|
(40,333
)
|
|
|
||||||
|
Forward Foreign Currency Exchange Contracts − continued
|
||||||
|
Currency
Purchased
|
Currency
Sold
|
Counterparty
|
Settlement
Date
|
Unrealized
Appreciation
(Depreciation)
|
||
|
Liability Derivatives − continued
|
||||||
|
USD
|
12,694,083
|
EUR
|
10,794,000
|
HSBC Bank
|
2/12/2026
|
$(105,881
)
|
|
USD
|
11,232,087
|
EUR
|
9,533,334
|
State Street Corp.
|
2/12/2026
|
(72,927
)
|
|
USD
|
8,224,127
|
GBP
|
6,146,795
|
HSBC Bank
|
2/12/2026
|
(186,729
)
|
|
USD
|
1,182,303
|
GBP
|
895,000
|
JPMorgan Chase Bank N.A.
|
2/12/2026
|
(42,354
)
|
|
USD
|
113,399
|
ILS
|
372,000
|
HSBC Bank
|
2/12/2026
|
(6,621
)
|
|
USD
|
216,024
|
ILS
|
727,381
|
State Street Corp.
|
2/12/2026
|
(18,653
)
|
|
USD
|
4,045,375
|
JPY
|
635,950,000
|
HSBC Bank
|
2/12/2026
|
(66,971
)
|
|
USD
|
165,430
|
KRW
|
242,612,000
|
Barclays Bank PLC
|
2/12/2026
|
(3,179
)
|
|
USD
|
117,085
|
MXN
|
2,241,897
|
State Street Corp.
|
2/12/2026
|
(11,099
)
|
|
USD
|
855,910
|
NOK
|
8,532,000
|
Goldman Sachs International
|
2/12/2026
|
(29,997
)
|
|
USD
|
902,217
|
NOK
|
9,134,000
|
HSBC Bank
|
2/12/2026
|
(46,198
)
|
|
USD
|
2,347,696
|
NZD
|
4,060,000
|
HSBC Bank
|
2/12/2026
|
(97,637
)
|
|
USD
|
4,896,561
|
NZD
|
8,308,842
|
State Street Corp.
|
2/12/2026
|
(107,844
)
|
|
USD
|
1,502,076
|
SEK
|
13,977,000
|
Barclays Bank PLC
|
2/12/2026
|
(67,740
)
|
|
USD
|
2,062,762
|
SEK
|
19,148,000
|
HSBC Bank
|
2/12/2026
|
(87,831
)
|
|
USD
|
2,749,305
|
SEK
|
26,124,000
|
State Street Corp.
|
2/12/2026
|
(184,791
)
|
|
USD
|
123,711
|
SGD
|
158,000
|
State Street Corp.
|
2/12/2026
|
(570
)
|
|
USD
|
99,665
|
THB
|
3,204,240
|
Barclays Bank PLC
|
2/12/2026
|
(1,910
)
|
|
USD
|
116,261
|
ZAR
|
2,078,796
|
Morgan Stanley Capital Services LLC
|
2/12/2026
|
(12,340
)
|
|
|
|
|
|
|
|
$(2,242,936
)
|
|
Futures Contracts
|
||||||
|
Description
|
Long/
Short
|
Currency
|
Contracts
|
Notional
Amount
|
Expiration
Date
|
Value/Unrealized
Appreciation
(Depreciation)
|
|
Asset Derivatives
|
||||||
|
Equity Futures
|
||||||
|
BIST 30 Index
|
Long
|
TRY
|
1,305
|
$4,640,887
|
February – 2026
|
$454,237
|
|
CAC 40 Index
|
Short
|
EUR
|
62
|
5,979,652
|
February – 2026
|
167,980
|
|
FTSE 100 Index
|
Short
|
GBP
|
21
|
2,927,988
|
March – 2026
|
8,803
|
|
FTSE MIB Index
|
Short
|
EUR
|
8
|
2,164,734
|
March – 2026
|
3,100
|
|
FTSE/JSE Top 40 Index
|
Short
|
ZAR
|
34
|
2,383,994
|
March – 2026
|
13,058
|
|
Hang Seng China Enterprises Index
|
Long
|
HKD
|
41
|
7,216,370
|
February – 2026
|
157,949
|
|
IBEX 35 Index
|
Long
|
EUR
|
33
|
6,991,731
|
February – 2026
|
75,455
|
|
KOSPI 200 Index
|
Long
|
KRW
|
2
|
267,994
|
March – 2026
|
65,262
|
|
Mexbol Index
|
Long
|
MXN
|
70
|
2,731,506
|
March – 2026
|
89,805
|
|
Mini Ibovespa
|
Long
|
BRL
|
14
|
97,004
|
February – 2026
|
7,840
|
|
S&P 500 Index
|
Short
|
USD
|
158
|
55,029,425
|
March – 2026
|
8,118
|
|
|
|
|
|
|
|
$1,051,607
|
|
Interest Rate Futures
|
||||||
|
Canadian Treasury Bond 10 yr
|
Long
|
CAD
|
123
|
$10,937,348
|
March – 2026
|
$86,081
|
|
Euro-Bund 10 yr
|
Short
|
EUR
|
69
|
10,482,915
|
March – 2026
|
42,608
|
|
Long Gilt 10 yr
|
Short
|
GBP
|
52
|
6,464,359
|
March – 2026
|
116,173
|
|
U.S. Treasury Note 10 yr
|
Short
|
USD
|
151
|
16,886,047
|
March – 2026
|
201,312
|
|
U.S. Treasury Ultra Note 10 yr
|
Short
|
USD
|
11
|
1,255,719
|
March – 2026
|
14,662
|
|
|
|
|
|
|
|
$460,836
|
|
|
|
|
|
|
|
$1,512,443
|
|
Futures Contracts − continued
|
||||||
|
Description
|
Long/
Short
|
Currency
|
Contracts
|
Notional
Amount
|
Expiration
Date
|
Value/Unrealized
Appreciation
(Depreciation)
|
|
Liability Derivatives
|
||||||
|
Equity Futures
|
||||||
|
DAX Index
|
Short
|
EUR
|
6
|
$4,376,786
|
March – 2026
|
$(27,487
)
|
|
FTSE Taiwan Index
|
Short
|
USD
|
14
|
1,454,040
|
February – 2026
|
(3,409
)
|
|
MSCI Singapore Index
|
Long
|
SGD
|
11
|
397,681
|
February – 2026
|
(1,557
)
|
|
NSE IFSC NIFTY 50 Index
|
Short
|
USD
|
46
|
2,337,168
|
February – 2026
|
(133
)
|
|
OMX 30 Index
|
Short
|
SEK
|
38
|
1,291,339
|
February – 2026
|
(14,222
)
|
|
Russell 2000 Index
|
Short
|
USD
|
160
|
20,996,800
|
March – 2026
|
(88,302
)
|
|
S&P MidCap 400 Index
|
Short
|
USD
|
53
|
18,271,750
|
March – 2026
|
(131,974
)
|
|
S&P/ASX 200 Index
|
Short
|
AUD
|
49
|
7,529,685
|
March – 2026
|
(161,359
)
|
|
S&P/TSX 60 Index
|
Long
|
CAD
|
18
|
4,898,263
|
March – 2026
|
(32,989
)
|
|
|
|
|
|
|
|
$(461,432
)
|
|
Interest Rate Futures
|
||||||
|
Australian Bond 10 yr
|
Long
|
AUD
|
35
|
$2,660,276
|
March – 2026
|
$(22,436
)
|
|
Japan Government Bond 10 yr
|
Long
|
JPY
|
16
|
13,606,617
|
March – 2026
|
(168,610
)
|
|
U.S. Treasury Bond 30 yr
|
Long
|
USD
|
1
|
115,125
|
March – 2026
|
(1,785
)
|
|
U.S. Treasury Note 2 yr
|
Long
|
USD
|
13
|
2,710,398
|
March – 2026
|
(5,102
)
|
|
|
|
|
|
|
|
$(197,933
)
|
|
|
|
|
|
|
|
$(659,365
)
|
|
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
|
|
|
|
|||||
|
3/19/36
|
USD
|
5,500,000
|
centrally cleared
|
1-day SOFR / Annually
|
3.775% / Annually
|
$40,223
|
$3,072
|
$43,295
|
|
3/15/56
|
USD
|
7,900,000
|
centrally cleared
|
1-day SOFR / Annually
|
4.115% / Annually
|
122,720
|
11,074
|
133,794
|
|
|
|
|
|
|
|
$162,943
|
$14,146
|
$177,089
|
|
Liability Derivatives
|
|
|
|
|||||
|
Interest Rate Swaps
|
|
|
|
|||||
|
3/15/28
|
USD
|
23,600,000
|
centrally cleared
|
3.252% / Annually
|
1-day SOFR / Annually
|
$(35,356
)
|
$(6,675
)
|
$(42,031
)
|
|
3/19/31
|
USD
|
29,900,000
|
centrally cleared
|
3.422% / Annually
|
1-day SOFR / Annually
|
(132,353
)
|
(17,152
)
|
(149,505
)
|
|
|
|
|
|
|
|
$(167,709
)
|
$(23,827
)
|
$(191,536
)
|
|
Financial Instruments
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Equity Securities:
|
|
|
|
|
|
United States
|
$113,816,738
|
$0
|
$—
|
$113,816,738
|
|
Japan
|
8,762,134
|
—
|
—
|
8,762,134
|
|
France
|
7,292,717
|
—
|
0
|
7,292,717
|
|
United Kingdom
|
6,798,852
|
—
|
—
|
6,798,852
|
|
Canada
|
5,348,033
|
0
|
—
|
5,348,033
|
|
Germany
|
4,242,369
|
—
|
—
|
4,242,369
|
|
Switzerland
|
3,419,045
|
—
|
—
|
3,419,045
|
|
Taiwan
|
2,914,496
|
—
|
—
|
2,914,496
|
|
Sweden
|
2,165,805
|
—
|
—
|
2,165,805
|
|
Other Countries
|
15,040,286
|
66,550
|
—
|
15,106,836
|
|
U.S. Treasury Bonds & U.S. Government Agencies & Equivalents
|
—
|
675,575
|
—
|
675,575
|
|
Non - U.S. Sovereign Debt
|
—
|
1,593,539
|
—
|
1,593,539
|
|
Municipal Bonds
|
—
|
234,504
|
—
|
234,504
|
|
U.S. Corporate Bonds
|
—
|
29,165,808
|
—
|
29,165,808
|
|
Residential Mortgage-Backed Securities
|
—
|
650,126
|
—
|
650,126
|
|
Commercial Mortgage-Backed Securities
|
—
|
202,990
|
—
|
202,990
|
|
Asset-Backed Securities (including CDOs)
|
—
|
264,838
|
—
|
264,838
|
|
Foreign Bonds
|
—
|
11,784,644
|
—
|
11,784,644
|
|
Purchased Options
|
53,160
|
38,274
|
—
|
91,434
|
|
Investment Companies
|
13,031,694
|
—
|
—
|
13,031,694
|
|
Total
|
$182,885,329
|
$44,676,848
|
$0
|
$227,562,177
|
|
Other Financial Instruments
|
|
|
|
|
|
Futures Contracts – Assets
|
$1,512,443
|
$—
|
$—
|
$1,512,443
|
|
Futures Contracts – Liabilities
|
(659,365
)
|
—
|
—
|
(659,365
)
|
|
Forward Foreign Currency Exchange Contracts – Assets
|
—
|
3,109,838
|
—
|
3,109,838
|
|
Forward Foreign Currency Exchange Contracts – Liabilities
|
—
|
(2,242,936
)
|
—
|
(2,242,936
)
|
|
Swap Agreements – Assets
|
—
|
177,089
|
—
|
177,089
|
|
Swap Agreements – Liabilities
|
—
|
(191,536
)
|
—
|
(191,536
)
|
|
Affiliated Issuers
|
Beginning
Value
|
Purchases
|
Sales
Proceeds
|
Realized
Gain
(Loss)
|
Change in
Unrealized
Appreciation or
Depreciation
|
Ending
Value
|
|
MFS Institutional Money Market Portfolio
|
$11,916,784
|
$44,784,804
|
$43,896,031
|
$114
|
$(39
)
|
$12,805,632
|
|
Affiliated Issuers
|
Dividend
Income
|
Capital Gain
Distributions
|
|
MFS Institutional Money Market Portfolio
|
$114,261
|
$—
|
|
United States
|
66.8%
|
|
Japan
|
10.4%
|
|
Canada
|
9.9%
|
|
Spain
|
4.0%
|
|
Hong Kong
|
3.8%
|
|
Turkey
|
2.1%
|
|
Switzerland
|
1.8%
|
|
Mexico
|
1.7%
|
|
Germany
|
(4.5)%
|
|
Other Countries
|
4.0%
|
