|
Security
|
Par
(000
)
|
Value
|
|
Corporate Bonds & Notes
|
||
|
Advertising — 0.0%
|
||
|
Omnicom Group, Inc., 4.75%, 03/30/30
|
$325
|
$328,006
|
|
Aerospace & Defense — 0.4%
|
||
|
Boeing Co.(The)
|
|
|
|
2.70%, 02/01/27
|
93
|
91,885
|
|
3.20%, 03/01/29(a)
|
286
|
277,943
|
|
3.25%, 02/01/28
|
643
|
633,612
|
|
5.15%, 05/01/30
|
750
|
770,818
|
|
6.30%, 05/01/29
|
420
|
446,133
|
|
6.53%, 05/01/34
|
155
|
171,468
|
|
HEICO Corp., 5.25%, 08/01/28
|
116
|
119,114
|
|
TransDigm, Inc., 6.38%, 03/01/29(b)
|
585
|
601,570
|
|
|
|
3,112,543
|
|
Agriculture — 0.4%
|
||
|
Altria Group, Inc.
|
|
|
|
2.45%, 02/04/32
|
443
|
392,052
|
|
3.40%, 05/06/30
|
445
|
429,157
|
|
4.80%, 02/14/29
|
334
|
339,766
|
|
5.63%, 02/06/35
|
344
|
356,973
|
|
6.88%, 11/01/33
|
52
|
58,483
|
|
BAT Capital Corp.
|
|
|
|
4.74%, 03/16/32
|
14
|
14,108
|
|
4.91%, 04/02/30
|
118
|
120,361
|
|
5.35%, 08/15/32(a)
|
359
|
372,894
|
|
5.83%, 02/20/31
|
42
|
44,579
|
|
6.00%, 02/20/34
|
78
|
83,366
|
|
6.34%, 08/02/30(a)
|
73
|
78,899
|
|
6.42%, 08/02/33(a)
|
450
|
494,505
|
|
BAT International Finance PLC, 4.45%, 03/16/28
|
713
|
718,896
|
|
|
|
3,504,039
|
|
Airlines — 0.2%
|
||
|
American Airlines, Inc., 7.25%, 02/15/28(a)(b)
|
540
|
549,761
|
|
JetBlue Airways Corp., 9.88%, 09/20/31(a)(b)
|
1,308
|
1,313,712
|
|
|
|
1,863,473
|
|
Apparel — 0.3%
|
||
|
Tapestry, Inc.
|
|
|
|
5.10%, 03/11/30
|
843
|
864,218
|
|
5.50%, 03/11/35
|
406
|
414,167
|
|
Under Armour, Inc., 7.25%, 07/15/30(a)(b)
|
419
|
427,913
|
|
VF Corp., 2.95%, 04/23/30(a)
|
1,007
|
918,503
|
|
|
|
2,624,801
|
|
Auto Manufacturers — 0.5%
|
||
|
Allison Transmission, Inc., 5.88%, 06/01/29(a)(b)
|
240
|
243,018
|
|
Aston Martin Capital Holdings Ltd., 10.00%,
03/31/29(b)
|
1,388
|
1,238,845
|
|
New Flyer Holdings, Inc., 9.25%, 07/01/30(b)
|
652
|
702,449
|
|
Nissan Motor Co. Ltd.
|
|
|
|
7.75%, 07/17/32(b)
|
853
|
900,237
|
|
8.13%, 07/17/35(b)
|
1,133
|
1,209,956
|
|
|
|
4,294,505
|
|
Auto Parts & Equipment — 0.2%
|
||
|
BorgWarner, Inc., 4.95%, 08/15/29
|
155
|
158,563
|
|
Garrett Motion Holdings Inc / Garrett LX I Sarl,
7.75%, 05/31/32(b)
|
918
|
971,892
|
|
Phinia, Inc., 6.75%, 04/15/29(b)
|
363
|
375,243
|
|
|
|
1,505,698
|
|
Security
|
Par
(000
)
|
Value
|
|
Banks — 6.3%
|
||
|
Bank of America Corp.
|
|
|
|
2.50%, 02/13/31, (3-mo. CME Term SOFR +
1.25%)(c)
|
$752
|
$701,042
|
|
3.19%, 07/23/30, (3-mo. CME Term SOFR +
1.44%)(c)
|
95
|
91,892
|
|
3.42%, 12/20/28, (3-mo. CME Term SOFR
+1.30%)(c)
|
825
|
816,015
|
|
3.56%, 04/23/27, (3-mo. CME Term SOFR +
1.32%)(c)
|
135
|
134,857
|
|
3.59%, 07/21/28, (3-mo. CME Term SOFR
+1.63%)(c)
|
1,020
|
1,013,847
|
|
3.71%, 04/24/28, (3-mo. CME Term SOFR
+1.77%)(c)
|
103
|
102,575
|
|
3.97%, 03/05/29, (3-mo. CME Term SOFR
+1.33%)(c)
|
572
|
571,153
|
|
3.97%, 02/07/30, (3-mo. CME Term SOFR +
1.47%)(c)
|
113
|
112,462
|
|
4.27%, 07/23/29, (3-mo. CME Term SOFR
+1.57%)(c)
|
833
|
836,956
|
|
4.95%, 07/22/28, (1-day SOFR + 2.04%)(c)
|
31
|
31,427
|
|
5.82%, 09/15/29, (1-day SOFR + 1.57%)(c)
|
67
|
69,875
|
|
6.20%, 11/10/28, (1-day SOFR + 1.99%)(c)
|
249
|
258,369
|
|
Bank of New York Mellon Corp.(The)
|
|
|
|
4.54%, 02/01/29, (1-day SOFR + 1.17%)(c)
|
81
|
81,953
|
|
4.60%, 07/26/30, (1-day SOFR + 1.76%)(c)
|
50
|
50,908
|
|
6.32%, 10/25/29, (1-day SOFR + 1.60%)(c)
|
840
|
889,737
|
|
Canadian Imperial Bank of Commerce
|
|
|
|
4.58%, 09/08/31, (1-day SOFR Index + 1.17%)(c)
|
812
|
817,698
|
|
5.25%, 01/13/31, (1-day SOFR + 1.11%)(c)
|
927
|
956,596
|
|
Citibank N.A.
|
|
|
|
4.58%, 05/29/27
|
525
|
529,862
|
|
4.84%, 08/06/29
|
125
|
127,948
|
|
5.49%, 12/04/26
|
780
|
789,951
|
|
5.80%, 09/29/28
|
825
|
864,290
|
|
Citizens Financial Group, Inc.
|
|
|
|
5.25%, 03/05/31, (1-day SOFR + 1.26%)(c)
|
84
|
86,137
|
|
5.72%, 07/23/32, (1-day SOFR + 1.91%)(c)
|
240
|
251,366
|
|
5.84%, 01/23/30, (1-day SOFR + 2.01%)(c)
|
1,138
|
1,186,989
|
|
Comerica, Inc., 5.98%, 01/30/30, (1-day SOFR +
2.16%)(c)
|
1,125
|
1,175,986
|
|
Fifth Third Bancorp
|
|
|
|
1.71%, 11/01/27, (1-day SOFR + 0.69%)(a)(c)
|
43
|
42,268
|
|
4.77%, 07/28/30, (1-day SOFR Index + 2.13%)(c)
|
141
|
142,897
|
|
6.34%, 07/27/29, (1-day SOFR + 2.34%)(c)
|
943
|
991,408
|
|
6.36%, 10/27/28, (1-day SOFR Index + 2.19%)(c)
|
417
|
432,934
|
|
First Horizon Corp., 5.51%, 03/07/31, (1-day SOFR +
1.77%)(c)
|
290
|
298,637
|
|
Goldman Sachs Group, Inc.(The)
|
|
|
|
3.62%, 03/15/28, (1-day SOFR + 1.85%)(c)
|
136
|
135,398
|
|
3.69%, 06/05/28, (3-mo. CME Term SOFR
+1.77%)(c)
|
279
|
277,735
|
|
3.80%, 03/15/30
|
175
|
172,350
|
|
3.85%, 01/26/27
|
20
|
19,995
|
|
4.48%, 08/23/28, (1-day SOFR + 1.73%)(c)
|
1,123
|
1,130,010
|
|
HSBC Holdings PLC
|
|
|
|
2.36%, 08/18/31, (1-day SOFR + 1.95%)(c)
|
200
|
182,347
|
|
3.97%, 05/22/30, (3-mo. CME Term SOFR +
1.87%)(c)
|
1,282
|
1,269,336
|
|
4.04%, 03/13/28, (3-mo. CME Term SOFR
+1.81%)(c)
|
100
|
99,983
|
|
Security
|
Par
(000
)
|
Value
|
|
Banks (continued)
|
||
|
4.58%, 06/19/29, (3-mo. CME Term SOFR
+1.80%)(c)
|
$821
|
$828,745
|
|
4.76%, 06/09/28, (1-day SOFR + 2.11%)(c)
|
75
|
75,652
|
|
5.21%, 08/11/28, (1-day SOFR + 2.61%)(c)
|
290
|
294,770
|
|
5.55%, 03/04/30, (1-day SOFR + 1.46%)(c)
|
846
|
877,214
|
|
7.39%, 11/03/28, (1-day SOFR + 3.35%)(c)
|
799
|
843,184
|
|
Huntington Bancshares, Inc./Ohio
|
|
|
|
4.44%, 08/04/28, (1-day SOFR + 1.97%)(c)
|
328
|
329,891
|
|
6.21%, 08/21/29, (1-day SOFR + 2.02%)(c)
|
645
|
676,044
|
|
Huntington National Bank (The), 4.55%, 05/17/28,
(1-day SOFR Index + 1.65%)(c)
|
695
|
699,128
|
|
JPMorgan Chase & Co.
|
|
|
|
2.55%, 11/08/32, (1-day SOFR + 1.18%)(c)
|
929
|
837,027
|
|
2.96%, 01/25/33, (1-day SOFR + 1.26%)(c)
|
445
|
408,104
|
|
3.54%, 05/01/28, (3-mo. CME Term SOFR
+1.64%)(c)
|
1,163
|
1,156,875
|
|
4.20%, 07/23/29, (3-mo. CME Term SOFR
+1.52%)(c)
|
1,426
|
1,431,643
|
|
4.45%, 12/05/29, (3-mo. CME Term SOFR +
1.59%)(c)
|
1,058
|
1,068,483
|
|
4.59%, 04/26/33, (1-day SOFR + 1.80%)(c)
|
92
|
92,137
|
|
4.85%, 07/25/28, (1-day SOFR + 1.99%)(c)
|
395
|
399,840
|
|
5.04%, 01/23/28, (1-day SOFR + 1.19%)(c)
|
1,893
|
1,912,203
|
|
KeyCorp, 6.40%, 03/06/35, (1-day SOFR Index +
2.42%)(a)(c)
|
907
|
982,755
|
|
M&T Bank Corp.
|
|
|
|
4.83%, 01/16/29, (1-day SOFR + 0.93%)(c)
|
120
|
121,932
|
|
6.08%, 03/13/32, (1-day SOFR + 2.26%)(c)
|
263
|
279,352
|
|
7.41%, 10/30/29, (1-day SOFR + 2.80%)(c)
|
954
|
1,034,119
|
|
Morgan Stanley
|
|
|
|
3.59%, 07/22/28(c)
|
1,355
|
1,346,290
|
|
3.77%, 01/24/29, (3-mo. CME Term SOFR
+1.40%)(c)
|
1,002
|
996,493
|
|
4.21%, 04/20/28, (1-day SOFR + 1.61%)(c)
|
1,112
|
1,114,524
|
|
4.43%, 01/23/30, (3-mo. CME Term SOFR +
1.89%)(c)
|
1,163
|
1,170,626
|
|
5.12%, 02/01/29, (1-day SOFR + 1.73%)(c)
|
436
|
444,840
|
|
5.19%, 04/17/31, (1-day SOFR + 1.51%)(c)
|
132
|
135,875
|
|
6.30%, 10/18/28, (1-day SOFR + 2.24%)(c)
|
1,186
|
1,230,193
|
|
6.34%, 10/18/33, (1-day SOFR + 2.56%)(c)
|
50
|
54,556
|
|
PNC Financial Services Group, Inc. (The), 5.58%,
06/12/29, (1-day SOFR + 1.84%)(c)
|
989
|
1,023,783
|
|
Regions Financial Corp., 5.72%, 06/06/30, (1-day
SOFR +1.49%)(a)(c)
|
769
|
802,920
|
|
Santander Holdings USA, Inc.
|
|
|
|
6.17%, 01/09/30, (1-day SOFR + 2.50%)(c)
|
433
|
451,977
|
|
6.50%, 03/09/29, (1-day SOFR + 2.36%)(c)
|
1,083
|
1,129,585
|
|
Santander U.K. Group Holdings PLC
|
|
|
|
4.86%, 09/11/30, (1-day SOFR Index + 1.55%)(c)
|
448
|
453,786
|
|
6.53%, 01/10/29, (1-day SOFR + 2.60%)(c)
|
1,061
|
1,107,568
|
|
Truist Financial Corp.
|
|
|
|
5.44%, 01/24/30, (1-day SOFR + 1.62%)(c)
|
703
|
727,557
|
|
7.16%, 10/30/29, (1-day SOFR + 2.45%)(c)
|
1,026
|
1,104,844
|
|
U.S. Bancorp
|
|
|
|
4.55%, 07/22/28, (1-day SOFR + 1.66%)(c)
|
289
|
291,335
|
|
4.65%, 02/01/29, (1-day SOFR + 1.23%)(c)
|
53
|
53,632
|
|
5.78%, 06/12/29, (1-day SOFR + 2.02%)(c)
|
993
|
1,030,856
|
|
Series X, 3.15%, 04/27/27
|
45
|
44,681
|
|
Wells Fargo & Co.
|
|
|
|
2.39%, 06/02/28, (1-day SOFR + 2.10%)(c)
|
977
|
956,689
|
|
Security
|
Par
(000
)
|
Value
|
|
Banks (continued)
|
||
|
3.20%, 06/17/27, (3-mo. CME Term SOFR +
1.43%)(c)
|
$309
|
$308,072
|
|
3.53%, 03/24/28, (1-day SOFR + 1.51%)(c)
|
582
|
578,931
|
|
3.58%, 05/22/28, (3-mo. CME Term SOFR
+1.57%)(c)
|
734
|
730,032
|
|
4.81%, 07/25/28, (1-day SOFR + 1.98%)(c)
|
942
|
952,892
|
|
5.24%, 01/24/31, (1-day SOFR + 1.11%)(c)
|
136
|
140,510
|
|
Series B, 7.95%, 11/15/29
|
49
|
55,027
|
|
|
|
50,532,361
|
|
Beverages — 0.6%
|
||
|
Constellation Brands, Inc.
|
|
|
|
2.25%, 08/01/31
|
618
|
549,727
|
|
4.80%, 05/01/30(a)
|
342
|
347,977
|
|
4.90%, 05/01/33
|
723
|
726,437
|
|
Keurig Dr Pepper, Inc.
|
|
|
|
3.95%, 04/15/29
|
100
|
99,069
|
|
4.35%, 05/15/28
|
585
|
587,551
|
|
4.60%, 05/15/30
|
260
|
261,314
|
|
5.05%, 03/15/29
|
865
|
883,625
|
|
Primo Water Holdings, Inc./Triton Water Holdings,
Inc., 4.38%, 04/30/29(b)
|
929
|
908,236
|
|
|
|
4,363,936
|
|
Biotechnology — 0.9%
|
||
|
Biocon Biologics Global PLC, 6.67%, 10/09/29(b)
|
978
|
993,020
|
|
Biogen, Inc.
|
|
|
|
2.25%, 05/01/30
|
1,230
|
1,130,676
|
|
5.75%, 05/15/35
|
144
|
151,180
|
|
Bio-Rad Laboratories, Inc., 3.70%, 03/15/32
|
982
|
927,079
|
|
Emergent BioSolutions, Inc., 3.88%, 08/15/28(a)(b)
|
604
|
539,385
|
|
Genmab A/S, 6.25%, 12/15/32(b)
|
400
|
410,015
|
|
Illumina, Inc., 4.75%, 12/12/30
|
310
|
313,260
|
|
Regeneron Pharmaceuticals, Inc., 1.75%, 09/15/30
|
1,676
|
1,499,177
|
|
Royalty Pharma PLC
|
|
|
|
2.20%, 09/02/30
|
1,076
|
978,771
|
|
4.45%, 03/25/31
|
254
|
253,594
|
|
5.15%, 09/02/29
|
214
|
220,410
|
|
|
|
7,416,567
|
|
Building Materials — 0.6%
|
||
|
Amrize Finance U.S. LLC
|
|
|
|
4.95%, 04/07/30
|
1,094
|
1,119,946
|
|
5.40%, 04/07/35
|
232
|
239,963
|
|
Builders FirstSource, Inc., 6.38%, 06/15/32(b)
|
797
|
821,383
|
|
Carlisle Companies, Inc.
|
|
|
|
2.75%, 03/01/30
|
334
|
315,613
|
|
5.25%, 09/15/35(a)
|
31
|
31,569
|
|
Eagle Materials, Inc., 2.50%, 07/01/31
|
939
|
852,059
|
|
Sisecam U.K. PLC
|
|
|
|
8.25%, 05/02/29(b)
|
362
|
372,891
|
|
8.63%, 05/02/32(b)
|
963
|
996,942
|
|
|
|
4,750,366
|
|
Chemicals — 0.5%
|
||
|
Celanese U.S. Holdings LLC
|
|
|
|
6.75%, 04/15/33
|
808
|
818,459
|
|
7.38%, 02/15/34(a)
|
985
|
1,002,318
|
|
CVR Partners LP/CVR Nitrogen Finance Corp.,
6.13%, 06/15/28(a)(b)
|
630
|
629,969
|
|
EIDP, Inc., 5.13%, 05/15/32
|
252
|
259,532
|
|
Rain Carbon, Inc., 12.25%, 09/01/29(b)
|
442
|
469,644
|
|
SK Invictus Intermediate II SARL, 5.00%,
10/30/29(b)
|
833
|
819,672
|
|
Security
|
Par
(000
)
|
Value
|
|
Chemicals (continued)
|
||
|
Tronox, Inc., 4.63%, 03/15/29(b)
|
$135
|
$103,765
|
|
|
|
4,103,359
|
|
Coal — 0.1%
|
||
|
Alliance Resource Operating Partners LP/Alliance
Resource Finance Corp., 8.63%, 06/15/29(b)
|
346
|
364,331
|
|
SunCoke Energy, Inc., 4.88%, 06/30/29(b)
|
648
|
611,049
|
|
|
|
975,380
|
|
Commercial Services — 1.1%
|
||
|
ADT Security Corp.(The)
|
|
|
|
4.13%, 08/01/29(a)(b)
|
610
|
594,313
|
|
4.88%, 07/15/32(b)
|
872
|
844,413
|
|
5.88%, 10/15/33(b)
|
136
|
137,870
|
|
Adtalem Global Education, Inc., 5.50%, 03/01/28(b)
|
116
|
115,697
|
|
Avis Budget Car Rental LLC/Avis Budget
Finance, Inc.
|
|
|
|
8.00%, 02/15/31(b)
|
580
|
592,917
|
|
8.25%, 01/15/30(b)
|
349
|
361,210
|
|
8.38%, 06/15/32(a)(b)
|
637
|
655,300
|
|
Deluxe Corp.
|
|
|
|
8.00%, 06/01/29(b)
|
574
|
583,866
|
|
8.13%, 09/15/29(b)
|
487
|
511,005
|
|
Equifax, Inc.
|
|
|
|
2.35%, 09/15/31
|
235
|
209,656
|
|
4.80%, 09/15/29
|
367
|
373,195
|
|
5.10%, 12/15/27
|
725
|
738,377
|
|
5.10%, 06/01/28
|
79
|
80,704
|
|
Korn Ferry, 4.63%, 12/15/27(b)
|
11
|
10,965
|
|
Prime Security Services Borrower LLC/Prime
Finance, Inc., 3.38%, 08/31/27(b)
|
218
|
213,539
|
|
PROG Holdings, Inc., 6.00%, 11/15/29(b)
|
737
|
729,446
|
|
Quanta Services, Inc.
|
|
|
|
2.90%, 10/01/30
|
1,278
|
1,197,992
|
|
4.50%, 01/15/31
|
236
|
236,352
|
|
TriNet Group, Inc., 3.50%, 03/01/29(b)
|
604
|
570,833
|
|
United Rentals North America, Inc., 4.88%, 01/15/28
|
37
|
37,008
|
|
|
|
8,794,658
|
|
Computers — 0.5%
|
||
|
ASGN, Inc., 4.63%, 05/15/28(b)
|
649
|
639,171
|
|
CGI, Inc., 4.95%, 03/14/30
|
378
|
383,192
|
|
Diebold Nixdorf, Inc., 7.75%, 03/31/30(b)
|
971
|
1,028,361
|
|
Leidos, Inc.
|
|
|
|
2.30%, 02/15/31
|
96
|
86,519
|
|
4.38%, 05/15/30
|
819
|
818,284
|
|
5.40%, 03/15/32
|
358
|
372,180
|
|
5.75%, 03/15/33
|
100
|
105,523
|
|
NetApp, Inc.
|
|
|
|
5.50%, 03/17/32
|
406
|
422,400
|
|
5.70%, 03/17/35
|
234
|
243,439
|
|
|
|
4,099,069
|
|
Cosmetics & Personal Care — 0.0%
|
||
|
Procter & Gamble Co. (The), 4.35%, 11/03/35
|
246
|
241,034
|
|
Diversified Financial Services — 3.8%
|
||
|
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust
|
|
|
|
3.00%, 10/29/28
|
504
|
488,926
|
|
3.30%, 01/30/32
|
56
|
51,811
|
|
3.65%, 07/21/27
|
419
|
416,510
|
|
5.10%, 01/19/29
|
566
|
579,256
|
|
5.38%, 12/15/31
|
51
|
52,755
|
|
Security
|
Par
(000
)
|
Value
|
|
Diversified Financial Services (continued)
|
||
|
6.45%, 04/15/27
|
$250
|
$256,560
|
|
Ally Financial, Inc., 6.70%, 02/14/33(a)
|
555
|
578,553
|
|
BGC Group, Inc., 6.15%, 04/02/30
|
400
|
412,923
|
|
Blue Owl Finance LLC
|
|
|
|
3.13%, 06/10/31
|
158
|
143,355
|
|
6.25%, 04/18/34
|
331
|
341,106
|
|
Bread Financial Holdings, Inc., 6.75%, 05/15/31(a)(b)
|
623
|
641,613
|
|
Brookfield Asset Management Ltd., 4.65%, 11/15/30
|
320
|
322,841
|
|
Burford Capital Global Finance LLC
|
|
|
|
6.25%, 04/15/28(b)
|
151
|
150,708
|
|
6.88%, 04/15/30(b)
|
201
|
196,555
|
|
7.50%, 07/15/33(b)
|
256
|
247,152
|
|
8.50%, 01/15/34(b)
|
96
|
96,216
|
|
9.25%, 07/01/31(b)
|
760
|
782,239
|
|
Capital One Financial Corp.
|
|
|
|
4.93%, 05/10/28, (1-day SOFR + 2.06%)(c)
|
300
|
303,102
|
|
5.25%, 07/26/30, (1-day SOFR + 2.60%)(a)(c)
|
1,123
|
1,155,084
|
|
5.47%, 02/01/29, (1-day SOFR + 2.08%)(c)
|
100
|
102,492
|
|
6.31%, 06/08/29, (1-day SOFR + 2.64%)(c)
|
939
|
982,900
|
|
7.62%, 10/30/31, (1-day SOFR + 3.07%)(c)
|
196
|
220,014
|
|
Coinbase Global, Inc.
|
|
|
|
3.38%, 10/01/28(b)
|
1,402
|
1,338,618
|
|
3.63%, 10/01/31(a)(b)
|
128
|
113,084
|
|
Credit Acceptance Corp.
|
|
|
|
6.63%, 03/15/30(a)(b)
|
574
|
574,563
|
|
9.25%, 12/15/28(b)
|
490
|
513,457
|
|
Enact Holdings, Inc., 6.25%, 05/28/29
|
786
|
823,727
|
|
Encore Capital Group, Inc.
|
|
|
|
6.63%, 04/15/31(b)
|
610
|
615,179
|
|
8.50%, 05/15/30(a)(b)
|
555
|
595,018
|
|
Enova International, Inc.
|
|
|
|
9.13%, 08/01/29(b)
|
557
|
589,351
|
|
11.25%, 12/15/28(b)
|
280
|
296,434
|
|
JPMorgan Chase Financial Co. LLC, 5.00%,
08/28/28
|
223
|
223,539
|
|
LPL Holdings, Inc.
|
|
|
|
5.20%, 03/15/30
|
622
|
635,904
|
|
5.65%, 03/15/35
|
54
|
55,028
|
|
5.70%, 05/20/27
|
46
|
46,850
|
|
6.75%, 11/17/28
|
793
|
843,503
|
|
OneMain Finance Corp.
|
|
|
|
3.88%, 09/15/28(a)
|
74
|
71,965
|
|
5.38%, 11/15/29
|
29
|
28,924
|
|
6.63%, 01/15/28
|
91
|
93,388
|
|
6.75%, 03/15/32
|
751
|
767,556
|
|
6.75%, 09/15/33
|
90
|
90,997
|
|
7.13%, 11/15/31
|
846
|
876,649
|
|
7.13%, 09/15/32(a)
|
288
|
298,253
|
|
7.50%, 05/15/31
|
55
|
57,659
|
|
7.88%, 03/15/30
|
164
|
172,997
|
|
PennyMac Financial Services, Inc.
|
|
|
|
4.25%, 02/15/29(b)
|
243
|
233,840
|
|
5.75%, 09/15/31(a)(b)
|
561
|
554,021
|
|
6.88%, 05/15/32(b)
|
886
|
905,456
|
|
Radian Group, Inc., 6.20%, 05/15/29
|
168
|
176,411
|
|
Rocket Mortgage LLC/Rocket Mortgage
Co-Issuer, Inc.
|
|
|
|
3.63%, 03/01/29(b)
|
122
|
117,835
|
|
3.88%, 03/01/31(b)
|
1,411
|
1,324,533
|
|
4.00%, 10/15/33(a)(b)
|
299
|
274,550
|
|
Stonex Escrow Issuer LLC, 6.88%, 07/15/32(b)
|
640
|
660,287
|
|
Security
|
Par
(000
)
|
Value
|
|
Diversified Financial Services (continued)
|
||
|
StoneX Group, Inc., 7.88%, 03/01/31(a)(b)
|
$659
|
$701,099
|
|
Synchrony Financial
|
|
|
|
3.95%, 12/01/27
|
206
|
205,002
|
|
5.02%, 07/29/29, (1-day SOFR + 1.40%)(a)(c)
|
186
|
188,171
|
|
5.45%, 03/06/31, (1-day SOFR + 1.68%)(a)(c)
|
55
|
56,065
|
|
5.94%, 08/02/30, (1-day SOFR Index + 2.13%)(c)
|
883
|
914,553
|
|
7.25%, 02/02/33
|
829
|
880,463
|
|
United Wholesale Mortgage LLC
|
|
|
|
5.50%, 04/15/29(b)
|
919
|
907,976
|
|
5.75%, 06/15/27(b)
|
548
|
548,442
|
|
UWM Holdings LLC
|
|
|
|
6.25%, 03/15/31(b)
|
475
|
471,999
|
|
6.63%, 02/01/30(b)
|
987
|
995,522
|
|
VFH Parent LLC/Valor Co-Issuer, Inc., 7.50%,
06/15/31(b)
|
591
|
619,127
|
|
Visa, Inc., 4.15%, 12/14/35(a)
|
1,065
|
1,027,988
|
|
|
|
30,008,654
|
|
Electric — 3.0%
|
||
|
AEP Texas, Inc., 5.45%, 05/15/29
|
18
|
18,667
|
|
Ameren Corp., 3.50%, 01/15/31
|
491
|
472,214
|
|
American Electric Power Co., Inc.
|
|
|
|
5.20%, 01/15/29
|
710
|
731,774
|
|
5.63%, 03/01/33
|
953
|
997,676
|
|
CenterPoint Energy Houston Electric LLC
|
|
|
|
4.80%, 03/15/30
|
586
|
599,645
|
|
5.05%, 03/01/35
|
229
|
231,314
|
|
5.20%, 10/01/28
|
29
|
29,913
|
|
Series ai., 4.45%, 10/01/32
|
130
|
129,445
|
|
Series AQ, 4.95%, 08/15/35
|
222
|
222,147
|
|
CenterPoint Energy, Inc., 5.40%, 06/01/29
|
159
|
164,913
|
|
Consumers Energy Co.
|
|
|
|
3.60%, 08/15/32
|
53
|
50,311
|
|
5.05%, 05/15/35
|
296
|
300,522
|
|
Dominion Energy, Inc.
|
|
|
|
Series C, 2.25%, 08/15/31
|
33
|
29,479
|
|
Series C, 3.38%, 04/01/30
|
568
|
548,373
|
|
DTE Electric Co.
|
|
|
|
5.20%, 04/01/33
|
85
|
88,248
|
|
5.20%, 03/01/34
|
94
|
96,912
|
|
5.25%, 05/15/35
|
407
|
417,106
|
|
DTE Energy Co., 5.10%, 03/01/29
|
354
|
363,217
|
|
Duke Energy Carolinas LLC
|
|
|
|
4.95%, 01/15/33
|
853
|
875,604
|
|
5.25%, 03/15/35
|
391
|
402,810
|
|
Duke Energy Florida LLC, 5.88%, 11/15/33
|
121
|
130,009
|
|
Duke Energy Progress LLC
|
|
|
|
5.05%, 03/15/35
|
905
|
916,893
|
|
5.10%, 03/15/34
|
72
|
73,870
|
|
5.25%, 03/15/33
|
66
|
68,370
|
|
Entergy Corp., 2.40%, 06/15/31
|
61
|
54,794
|
|
Entergy Louisiana LLC
|
|
|
|
5.15%, 09/15/34
|
253
|
258,185
|
|
5.35%, 03/15/34
|
63
|
65,435
|
|
Entergy Texas, Inc., 5.25%, 04/15/35
|
223
|
227,775
|
|
Evergy Kansas Central, Inc., 5.25%, 03/15/35
|
355
|
361,691
|
|
FirstEnergy Corp., Series B, 3.90%, 07/15/27
|
1,150
|
1,147,381
|
|
Florida Power & Light Co.
|
|
|
|
4.80%, 05/15/33
|
713
|
724,089
|
|
5.10%, 04/01/33
|
692
|
714,243
|
|
5.30%, 06/15/34
|
1,139
|
1,188,907
|
|
Security
|
Par
(000
)
|
Value
|
|
Electric (continued)
|
||
|
National Grid PLC
|
|
|
|
5.42%, 01/11/34
|
$488
|
$503,466
|
|
5.81%, 06/12/33
|
694
|
735,280
|
|
NextEra Energy Capital Holdings, Inc., 5.25%,
03/15/34
|
48
|
49,165
|
|
NRG Energy, Inc.
|
|
|
|
3.88%, 02/15/32(b)
|
589
|
551,560
|
|
5.75%, 07/15/29(b)
|
500
|
498,114
|
|
Oncor Electric Delivery Co. LLC
|
|
|
|
4.65%, 11/01/29
|
271
|
275,747
|
|
5.35%, 04/01/35(b)
|
335
|
343,682
|
|
5.65%, 11/15/33
|
826
|
874,378
|
|
PECO Energy Co., 4.88%, 09/15/35
|
150
|
150,520
|
|
PG&E Corp.
|
|
|
|
5.00%, 07/01/28
|
1,010
|
1,007,857
|
|
5.25%, 07/01/30
|
534
|
530,764
|
|
PPL Capital Funding, Inc.
|
|
|
|
4.13%, 04/15/30
|
38
|
37,717
|
|
5.25%, 09/01/34
|
176
|
179,481
|
|
Public Service Co. of Colorado
|
|
|
|
1.88%, 06/15/31
|
965
|
850,035
|
|
5.35%, 05/15/34
|
1,060
|
1,088,516
|
|
Public Service Electric & Gas Co.
|
|
|
|
4.65%, 03/15/33
|
110
|
110,433
|
|
4.85%, 08/01/34
|
224
|
225,278
|
|
5.20%, 08/01/33
|
271
|
280,476
|
|
5.20%, 03/01/34
|
38
|
39,117
|
|
Public Service Enterprise Group, Inc.
|
|
|
|
1.60%, 08/15/30
|
41
|
36,380
|
|
2.45%, 11/15/31
|
440
|
394,668
|
|
5.20%, 04/01/29
|
858
|
882,600
|
|
San Diego Gas & Electric Co., 5.40%, 04/15/35
|
680
|
701,215
|
|
Sempra, 3.40%, 02/01/28
|
200
|
197,643
|
|
Southern Co. (The), Series A, 3.70%, 04/30/30
|
65
|
63,442
|
|
System Energy Resources, Inc., 5.30%, 12/15/34
|
226
|
228,253
|
|
Union Electric Co.
|
|
|
|
5.20%, 04/01/34
|
45
|
46,223
|
|
5.25%, 04/15/35
|
314
|
322,438
|
|
|
|
23,906,380
|
|
Electronics — 0.2%
|
||
|
Keysight Technologies, Inc., 5.35%, 07/30/30
|
130
|
135,222
|
|
TD SYNNEX Corp., 4.30%, 01/17/29
|
496
|
496,158
|
|
Trimble, Inc., 6.10%, 03/15/33
|
853
|
912,100
|
|
|
|
1,543,480
|
|
Engineering & Construction — 0.2%
|
||
|
IHS Holding Ltd.
|
|
|
|
7.88%, 05/29/30(a)(b)
|
647
|
666,066
|
|
8.25%, 11/29/31(a)(b)
|
752
|
785,388
|
|
Jacobs Engineering Group, Inc., 6.35%, 08/18/28
|
43
|
45,213
|
|
MasTec, Inc., 5.90%, 06/15/29
|
131
|
137,045
|
|
Tutor Perini Corp., 11.88%, 04/30/29(b)
|
225
|
248,402
|
|
|
|
1,882,114
|
|
Entertainment — 0.4%
|
||
|
Live Nation Entertainment, Inc.
|
|
|
|
3.75%, 01/15/28(b)
|
234
|
230,734
|
|
6.50%, 05/15/27(b)
|
463
|
465,081
|
|
Premier Entertainment Sub LLC/Premier
Entertainment Finance Corp.
|
|
|
|
5.63%, 09/01/29(b)
|
1,332
|
983,582
|
|
5.88%, 09/01/31(b)
|
310
|
198,927
|
|
Security
|
Par
(000
)
|
Value
|
|
Entertainment (continued)
|
||
|
Warnermedia Holdings, Inc.
|
|
|
|
4.28%, 03/15/32
|
$1,385
|
$1,218,800
|
|
5.05%, 03/15/42
|
448
|
314,720
|
|
|
|
3,411,844
|
|
Environmental Control — 0.0%
|
||
|
Veralto Corp., 5.45%, 09/18/33
|
282
|
293,116
|
|
Food — 0.9%
|
||
|
Albertsons Co, Inc./Safeway, Inc./New
Albertsons LP/Albertsons LLC, 4.63%,
01/15/27(b)
|
885
|
884,339
|
|
Campbell's Co.(The)
|
|
|
|
4.75%, 03/23/35(a)
|
330
|
316,398
|
|
5.40%, 03/21/34
|
938
|
954,032
|
|
Campbell's Company.(The), 4.55%, 03/21/31
|
100
|
99,292
|
|
General Mills, Inc., 4.95%, 03/29/33
|
670
|
677,658
|
|
Kraft Heinz Foods Co.
|
|
|
|
5.20%, 03/15/32(a)
|
230
|
236,305
|
|
5.40%, 03/15/35(a)
|
239
|
244,385
|
|
Pilgrim's Pride Corp.
|
|
|
|
3.50%, 03/01/32
|
547
|
505,549
|
|
4.25%, 04/15/31
|
983
|
958,228
|
|
Sysco Corp.
|
|
|
|
3.25%, 07/15/27
|
8
|
7,930
|
|
5.95%, 04/01/30
|
853
|
903,625
|
|
Tyson Foods, Inc.
|
|
|
|
4.35%, 03/01/29
|
968
|
972,289
|
|
5.70%, 03/15/34
|
308
|
324,294
|
|
|
|
7,084,324
|
|
Gas — 0.4%
|
||
|
AmeriGas Partners LP/AmeriGas Finance Corp.
|
|
|
|
5.75%, 05/20/27
|
610
|
614,278
|
|
9.38%, 06/01/28(b)
|
529
|
546,990
|
|
9.50%, 06/01/30(b)
|
223
|
239,003
|
|
National Fuel Gas Co.
|
|
|
|
5.50%, 03/15/30
|
323
|
334,103
|
|
5.95%, 03/15/35
|
189
|
198,089
|
|
NiSource, Inc., 1.70%, 02/15/31
|
497
|
437,154
|
|
Southern California Gas Co.
|
|
|
|
5.05%, 09/01/34
|
224
|
226,843
|
|
5.45%, 06/15/35
|
337
|
349,762
|
|
|
|
2,946,222
|
|
Health Care - Products — 0.5%
|
||
|
GE HealthCare Technologies, Inc., 5.86%, 03/15/30
|
1,061
|
1,119,972
|
|
Revvity, Inc., 3.30%, 09/15/29
|
437
|
421,961
|
|
Smith & Nephew PLC, 2.03%, 10/14/30
|
1,164
|
1,047,621
|
|
Solventum Corp.
|
|
|
|
5.45%, 03/13/31
|
186
|
194,056
|
|
5.60%, 03/23/34
|
1,254
|
1,303,827
|
|
|
|
4,087,437
|
|
Health Care - Services — 1.0%
|
||
|
DaVita, Inc.
|
|
|
|
3.75%, 02/15/31(b)
|
638
|
585,232
|
|
4.63%, 06/01/30(b)
|
1,267
|
1,219,127
|
|
Fortrea Holdings, Inc., 7.50%, 07/01/30(b)
|
682
|
693,827
|
|
HCA, Inc.
|
|
|
|
2.38%, 07/15/31
|
500
|
447,806
|
|
3.38%, 03/15/29
|
585
|
571,727
|
|
3.50%, 09/01/30
|
257
|
247,092
|
|
3.63%, 03/15/32
|
923
|
870,908
|
|
Security
|
Par
(000
)
|
Value
|
|
Health Care - Services (continued)
|
||
|
4.13%, 06/15/29
|
$441
|
$440,023
|
|
5.00%, 03/01/28
|
43
|
43,812
|
|
IQVIA, Inc., 6.25%, 02/01/29
|
1,145
|
1,204,610
|
|
Laboratory Corp. of America Holdings
|
|
|
|
4.35%, 04/01/30
|
252
|
252,373
|
|
4.55%, 04/01/32
|
155
|
154,569
|
|
Sotera Health Holdings LLC, 7.38%, 06/01/31(a)(b)
|
439
|
461,922
|
|
Universal Health Services, Inc., 2.65%, 10/15/30
|
880
|
802,389
|
|
|
|
7,995,417
|
|
Holding Companies - Diversified — 0.8%
|
||
|
Ares Capital Corp.
|
|
|
|
2.88%, 06/15/28
|
150
|
143,957
|
|
5.88%, 03/01/29
|
1,190
|
1,221,061
|
|
5.95%, 07/15/29
|
541
|
555,955
|
|
Blackstone Secured Lending Fund
|
|
|
|
5.13%, 01/31/31(a)
|
332
|
324,807
|
|
5.30%, 06/30/30
|
101
|
100,207
|
|
5.35%, 04/13/28
|
382
|
385,296
|
|
Blue Owl Technology Finance Corp., 6.10%,
03/15/28
|
529
|
536,636
|
|
Blue Owl Technology Finance Corp. II, 6.75%,
04/04/29(a)
|
244
|
250,401
|
|
Golub Capital BDC, Inc., 6.00%, 07/15/29
|
809
|
827,863
|
|
Icahn Enterprises LP/Icahn Enterprises
Finance Corp.
|
|
|
|
9.75%, 01/15/29(a)
|
812
|
816,948
|
|
10.00%, 11/15/29(b)
|
979
|
988,189
|
|
|
|
6,151,320
|
|
Home Builders — 0.3%
|
||
|
Brookfield Residential Properties, Inc./Brookfield
Residential U.S. LLC
|
|
|
|
4.88%, 02/15/30(a)(b)
|
637
|
594,666
|
|
6.25%, 09/15/27(b)
|
514
|
514,049
|
|
Century Communities, Inc., 3.88%, 08/15/29(b)
|
547
|
520,568
|
|
NVR, Inc., 3.00%, 05/15/30
|
626
|
594,616
|
|
Toll Brothers Finance Corp., 5.60%, 06/15/35(a)
|
36
|
37,410
|
|
|
|
2,261,309
|
|
Home Furnishings — 0.3%
|
||
|
Somnigroup International, Inc., 3.88%, 10/15/31(b)
|
675
|
629,875
|
|
Whirlpool Corp.
|
|
|
|
4.50%, 06/01/46(a)
|
716
|
519,394
|
|
4.60%, 05/15/50
|
732
|
530,165
|
|
6.50%, 06/15/33(a)
|
455
|
448,990
|
|
|
|
2,128,424
|
|
Insurance — 1.0%
|
||
|
American National Group, Inc.
|
|
|
|
5.75%, 10/01/29
|
210
|
217,327
|
|
6.00%, 07/15/35(a)
|
314
|
316,534
|
|
Aon North America, Inc., 5.45%, 03/01/34
|
859
|
892,200
|
|
Arthur J Gallagher & Co., 5.00%, 02/15/32
|
280
|
286,178
|
|
Baldwin Insurance Group Holdings LLC/Baldwin
Insurance Group Holdings Finance, 7.13%,
05/15/31(a)(b)
|
748
|
769,186
|
|
Brown & Brown, Inc.
|
|
|
|
4.70%, 06/23/28
|
18
|
18,239
|
|
4.90%, 06/23/30(a)
|
587
|
595,714
|
|
5.25%, 06/23/32
|
66
|
67,325
|
|
5.65%, 06/11/34
|
484
|
498,467
|
|
Corebridge Financial, Inc.
|
|
|
|
3.65%, 04/05/27
|
423
|
421,145
|
|
Security
|
Par
(000
)
|
Value
|
|
Insurance (continued)
|
||
|
3.85%, 04/05/29
|
$696
|
$688,772
|
|
3.90%, 04/05/32(a)
|
211
|
200,969
|
|
5.75%, 01/15/34
|
271
|
283,106
|
|
Fairfax Financial Holdings Ltd.
|
|
|
|
5.63%, 08/16/32
|
830
|
866,398
|
|
6.00%, 12/07/33
|
317
|
336,050
|
|
Reinsurance Group of America, Inc., 5.75%,
09/15/34
|
135
|
140,397
|
|
Willis North America, Inc.
|
|
|
|
4.55%, 03/15/31
|
485
|
484,675
|
|
4.65%, 06/15/27
|
101
|
101,785
|
|
5.35%, 05/15/33
|
772
|
794,001
|
|
|
|
7,978,468
|
|
Internet — 0.8%
|
||
|
AppLovin Corp.
|
|
|
|
5.13%, 12/01/29
|
984
|
1,009,356
|
|
5.38%, 12/01/31
|
449
|
464,085
|
|
Rakuten Group, Inc.
|
|
|
|
9.75%, 04/15/29(b)
|
1,128
|
1,263,759
|
|
11.25%, 02/15/27(b)
|
421
|
448,473
|
|
Snap, Inc., 6.88%, 03/15/34(b)
|
297
|
303,274
|
|
VeriSign, Inc.
|
|
|
|
2.70%, 06/15/31
|
871
|
792,489
|
|
5.25%, 06/01/32
|
720
|
738,101
|
|
Wayfair LLC
|
|
|
|
7.25%, 10/31/29(b)
|
851
|
889,795
|
|
7.75%, 09/15/30(b)
|
505
|
536,875
|
|
|
|
6,446,207
|
|
Iron & Steel — 0.5%
|
||
|
ArcelorMittal SA
|
|
|
|
6.55%, 11/29/27
|
1,130
|
1,176,039
|
|
6.80%, 11/29/32
|
205
|
229,608
|
|
Champion Iron Canada, Inc., 7.88%, 07/15/32(a)(b)
|
551
|
589,408
|
|
Cleveland-Cliffs, Inc.
|
|
|
|
7.38%, 05/01/33(b)
|
282
|
294,279
|
|
7.50%, 09/15/31(b)
|
952
|
1,004,621
|
|
7.63%, 01/15/34(b)
|
845
|
884,991
|
|
|
|
4,178,946
|
|
Leisure Time — 0.2%
|
||
|
Lindblad Expeditions LLC, 7.00%, 09/15/30(a)(b)
|
841
|
877,951
|
|
Patrick Industries, Inc., 6.38%, 11/01/32(b)
|
584
|
597,711
|
|
Sabre GLBL, Inc., 10.75%, 03/15/30(b)
|
1
|
802
|
|
|
|
1,476,464
|
|
Lodging — 0.7%
|
||
|
Genting New York LLC/GENNY Capital, Inc., 7.25%,
10/01/29(b)
|
378
|
390,660
|
|
Hilton Grand Vacations Borrower Escrow LLC/Hilton
Grand Vacations Borrower Esc
|
|
|
|
4.88%, 07/01/31(a)(b)
|
687
|
640,773
|
|
5.00%, 06/01/29(b)
|
484
|
470,585
|
|
Hyatt Hotels Corp.
|
|
|
|
5.05%, 03/30/28
|
163
|
166,094
|
|
5.25%, 06/30/29
|
257
|
264,973
|
|
5.75%, 03/30/32(a)
|
234
|
245,218
|
|
Marriott International, Inc./MD
|
|
|
|
4.90%, 04/15/29
|
463
|
473,310
|
|
5.10%, 04/15/32(a)
|
369
|
379,590
|
|
Series FF, 4.63%, 06/15/30
|
349
|
353,613
|
|
Series GG, 3.50%, 10/15/32
|
62
|
57,855
|
|
Series HH, 2.85%, 04/15/31
|
492
|
456,598
|
|
Security
|
Par
(000
)
|
Value
|
|
Lodging (continued)
|
||
|
Station Casinos LLC, 4.63%, 12/01/31(b)
|
$634
|
$608,641
|
|
Travel & Leisure Co., 4.50%, 12/01/29(a)(b)
|
816
|
795,450
|
|
Wynn Las Vegas LLC/Wynn Las Vegas Capital
Corp., 5.25%, 05/15/27(b)
|
148
|
148,832
|
|
|
|
5,452,192
|
|
Machinery — 0.5%
|
||
|
IDEX Corp., 4.95%, 09/01/29
|
117
|
119,477
|
|
Ingersoll Rand, Inc.
|
|
|
|
5.40%, 08/14/28
|
167
|
172,644
|
|
5.70%, 08/14/33
|
1,109
|
1,171,079
|
|
Nordson Corp., 4.50%, 12/15/29
|
203
|
204,510
|
|
Vertiv Group Corp., 4.13%, 11/15/28(b)
|
989
|
973,923
|
|
Westinghouse Air Brake Technologies Corp.
|
|
|
|
4.70%, 09/15/28
|
905
|
916,957
|
|
4.90%, 05/29/30
|
180
|
183,950
|
|
5.61%, 03/11/34
|
75
|
78,441
|
|
|
|
3,820,981
|
|
Manufacturing — 0.1%
|
||
|
LSB Industries, Inc., 6.25%, 10/15/28(b)
|
560
|
560,601
|
|
Textron, Inc., 5.50%, 05/15/35
|
251
|
259,099
|
|
|
|
819,700
|
|
Media — 1.4%
|
||
|
CCO Holdings LLC/CCO Holdings Capital Corp.
|
|
|
|
4.25%, 02/01/31(b)
|
374
|
342,414
|
|
4.25%, 01/15/34(a)(b)
|
1,079
|
911,421
|
|
4.50%, 05/01/32(a)
|
1,382
|
1,240,189
|
|
4.50%, 06/01/33(a)(b)
|
962
|
841,719
|
|
4.75%, 02/01/32(a)(b)
|
1,016
|
928,000
|
|
Discovery Communications LLC
|
|
|
|
5.00%, 09/20/37
|
700
|
540,736
|
|
6.35%, 06/01/40
|
272
|
224,484
|
|
Fox Corp.
|
|
|
|
4.71%, 01/25/29
|
257
|
260,783
|
|
6.50%, 10/13/33
|
1,069
|
1,174,983
|
|
McGraw-Hill Education, Inc., 7.38%, 09/01/31(b)
|
770
|
809,507
|
|
Nexstar Media, Inc.
|
|
|
|
4.75%, 11/01/28(a)(b)
|
1,209
|
1,201,700
|
|
5.63%, 07/15/27(b)
|
185
|
185,047
|
|
Sinclair Television Group, Inc.
|
|
|
|
5.50%, 03/01/30(a)(b)
|
640
|
564,083
|
|
8.13%, 02/15/33(b)
|
169
|
174,817
|
|
9.75%, 02/15/33(b)
|
384
|
422,400
|
|
TEGNA, Inc.
|
|
|
|
4.63%, 03/15/28
|
1,176
|
1,167,819
|
|
5.00%, 09/15/29
|
362
|
359,480
|
|
Versant Media Group, Inc., 7.25%, 01/30/31(b)
|
41
|
42,017
|
|
|
|
11,391,599
|
|
Metal Fabricate & Hardware — 0.1%
|
||
|
Park-Ohio Industries, Inc., 8.50%, 08/01/30(a)(b)
|
402
|
412,830
|
|
Mining — 1.3%
|
||
|
Aris Mining Corp., 8.00%, 10/31/29(b)
|
486
|
509,693
|
|
Eldorado Gold Corp., 6.25%, 09/01/29(b)
|
579
|
581,897
|
|
Endeavour Mining PLC, 7.00%, 05/28/30(b)
|
512
|
528,514
|
|
First Quantum Minerals Ltd.
|
|
|
|
8.63%, 06/01/31(b)
|
635
|
667,036
|
|
9.38%, 03/01/29(b)
|
936
|
981,943
|
|
Fortescue Treasury Pty Ltd.
|
|
|
|
4.38%, 04/01/31(b)
|
675
|
652,185
|
|
6.13%, 04/15/32(a)(b)
|
937
|
975,816
|
|
Security
|
Par
(000
)
|
Value
|
|
Mining (continued)
|
||
|
IAMGOLD Corp., 5.75%, 10/15/28(a)(b)
|
$533
|
$535,153
|
|
Ivanhoe Mines Ltd., 7.88%, 01/23/30(b)
|
886
|
923,100
|
|
Nickel Industries Ltd., 9.00%, 09/30/30(a)(b)
|
925
|
971,166
|
|
Novelis Corp.
|
|
|
|
4.75%, 01/30/30(b)
|
1,228
|
1,190,337
|
|
6.88%, 01/30/30(a)(b)
|
448
|
464,330
|
|
Stillwater Mining Co., 4.50%, 11/16/29(b)
|
669
|
643,662
|
|
Taseko Mines Ltd., 8.25%, 05/01/30(b)
|
623
|
661,278
|
|
|
|
10,286,110
|
|
Office & Business Equipment — 0.2%
|
||
|
CDW LLC/CDW Finance Corp.
|
|
|
|
3.57%, 12/01/31
|
1,608
|
1,502,419
|
|
5.10%, 03/01/30
|
159
|
162,182
|
|
|
|
1,664,601
|
|
Office Furnishings — 0.1%
|
||
|
HNI Corp. 5.13%, 01/18/29(b)
|
821
|
815,158
|
|
Oil & Gas — 2.8%
|
||
|
BKV Upstream Midstream LLC, 7.50%, 10/15/30(b)
|
607
|
614,733
|
|
California Resources Corp.
|
|
|
|
7.00%, 01/15/34(b)
|
310
|
312,692
|
|
8.25%, 06/15/29(b)
|
953
|
1,002,346
|
|
Canadian Natural Resources Ltd.
|
|
|
|
3.85%, 06/01/27
|
165
|
164,846
|
|
5.00%, 12/15/29
|
420
|
431,401
|
|
Cenovus Energy, Inc., 4.65%, 03/20/31
|
320
|
319,661
|
|
CNX Resources Corp.
|
|
|
|
6.00%, 01/15/29(a)(b)
|
477
|
479,767
|
|
7.38%, 01/15/31(b)
|
435
|
450,522
|
|
Comstock Resources, Inc. 6.75%, 03/01/29(b)
|
1,521
|
1,529,060
|
|
Coterra Energy, Inc.
|
|
|
|
3.90%, 05/15/27
|
201
|
200,550
|
|
5.60%, 03/15/34
|
11
|
11,374
|
|
CVR Energy, Inc.
|
|
|
|
7.50%, 02/15/31(b)
|
205
|
204,569
|
|
7.88%, 02/15/34(b)
|
355
|
352,120
|
|
8.50%, 01/15/29(a)(b)
|
809
|
843,178
|
|
Diamond Foreign Asset Co./Diamond Finance LLC,
8.50%, 10/01/30(b)
|
638
|
678,404
|
|
Diamondback Energy, Inc.
|
|
|
|
3.50%, 12/01/29
|
398
|
386,593
|
|
5.15%, 01/30/30
|
463
|
476,100
|
|
6.25%, 03/15/33
|
707
|
762,752
|
|
EQT Corp.
|
|
|
|
4.50%, 01/15/29
|
627
|
629,727
|
|
4.75%, 01/15/31
|
740
|
743,340
|
|
6.38%, 04/01/29
|
169
|
174,886
|
|
Expand Energy Corp.
|
|
|
|
4.75%, 02/01/32
|
750
|
743,136
|
|
5.38%, 03/15/30
|
175
|
178,114
|
|
Gulfport Energy Operating Corp., 6.75%,
09/01/29(a)(b)
|
752
|
775,528
|
|
HF Sinclair Corp.
|
|
|
|
5.50%, 09/01/32
|
300
|
306,762
|
|
5.75%, 01/15/31
|
283
|
293,368
|
|
Ithaca Energy North Sea PLC, 8.13%, 10/15/29(b)
|
796
|
829,677
|
|
Marathon Petroleum Corp., 5.15%, 03/01/30
|
603
|
620,768
|
|
Noble Finance II LLC, 8.00%, 04/15/30(b)
|
1,253
|
1,306,196
|
|
Northern Oil & Gas, Inc.
|
|
|
|
7.88%, 10/15/33(b)
|
25
|
25,240
|
|
8.75%, 06/15/31(a)(b)
|
644
|
665,729
|
|
Security
|
Par
(000
)
|
Value
|
|
Oil & Gas (continued)
|
||
|
Occidental Petroleum Corp.
|
|
|
|
6.13%, 01/01/31
|
$75
|
$79,311
|
|
6.63%, 09/01/30
|
440
|
473,101
|
|
8.88%, 07/15/30
|
930
|
1,073,173
|
|
Permian Resources Operating LLC, 8.00%,
04/15/27(b)
|
350
|
353,183
|
|
Talos Production, Inc.
|
|
|
|
9.00%, 02/01/29(b)
|
591
|
615,792
|
|
9.38%, 02/01/31(a)(b)
|
739
|
782,860
|
|
Viper Energy Partners LLC, 4.90%, 08/01/30
|
302
|
305,796
|
|
Vital Energy, Inc., 7.88%, 04/15/32(b)
|
1,167
|
1,161,087
|
|
Woodside Finance Ltd., 5.40%, 05/19/30
|
1,170
|
1,203,921
|
|
|
|
22,561,363
|
|
Oil & Gas Services — 0.4%
|
||
|
Archrock Partners LP/Archrock Partners Finance
Corp., 6.25%, 04/01/28(b)
|
143
|
143,360
|
|
Bristow Group, Inc.
|
|
|
|
6.75%, 02/01/33(b)
|
618
|
625,240
|
|
6.88%, 03/01/28(b)
|
91
|
91,096
|
|
Enerflex, Inc., 6.88%, 01/15/31(b)
|
503
|
519,844
|
|
Tidewater, Inc., 9.13%, 07/15/30(b)
|
764
|
826,404
|
|
Viridien, 10.00%, 10/15/30(a)(b)
|
630
|
678,096
|
|
|
|
2,884,040
|
|
Packaging & Containers — 0.4%
|
||
|
AptarGroup, Inc., 4.75%, 03/30/31
|
340
|
342,070
|
|
Ardagh Metal Packaging Finance USA LLC/Ardagh
Metal Packaging Finance PLC, 4.00%,
09/01/29(b)
|
113
|
107,339
|
|
Berry Global, Inc.
|
|
|
|
5.65%, 01/15/34(a)
|
660
|
688,879
|
|
5.80%, 06/15/31
|
825
|
872,962
|
|
Klabin Austria GmbH, 7.00%, 04/03/49(b)
|
327
|
338,126
|
|
Owens-Brockway Glass Container, Inc., 7.25%,
05/15/31(a)(b)
|
807
|
821,319
|
|
|
|
3,170,695
|
|
Pharmaceuticals — 1.0%
|
||
|
Bausch Health Companies, Inc.
|
|
|
|
5.25%, 01/30/30(b)
|
1,358
|
965,877
|
|
5.25%, 02/15/31(b)
|
616
|
403,480
|
|
Cardinal Health, Inc.
|
|
|
|
5.00%, 11/15/29
|
836
|
859,015
|
|
5.35%, 11/15/34
|
567
|
582,787
|
|
CVS Health Corp.
|
|
|
|
3.75%, 04/01/30
|
1,146
|
1,116,972
|
|
5.13%, 02/21/30
|
931
|
955,140
|
|
5.25%, 02/21/33
|
288
|
295,311
|
|
5.45%, 09/15/35
|
78
|
79,363
|
|
5.70%, 06/01/34
|
85
|
88,412
|
|
Elanco Animal Health, Inc., 6.65%, 08/28/28
|
613
|
638,730
|
|
Grifols SA, 4.75%, 10/15/28(b)
|
949
|
934,944
|
|
Takeda Pharmaceutical Co. Ltd., 5.00%, 11/26/28
|
775
|
793,216
|
|
|
|
7,713,247
|
|
Pipelines — 3.3%
|
||
|
Cheniere Corpus Christi Holdings LLC
|
|
|
|
3.70%, 11/15/29
|
214
|
209,379
|
|
5.13%, 06/30/27
|
985
|
994,374
|
|
Cheniere Energy Partners LP
|
|
|
|
3.25%, 01/31/32
|
478
|
441,142
|
|
4.00%, 03/01/31
|
718
|
699,125
|
|
Security
|
Par
(000
)
|
Value
|
|
Pipelines (continued)
|
||
|
Delek Logistics Partners LP/Delek Logistics Finance
Corp., 8.63%, 03/15/29(b)
|
$1,056
|
$1,104,391
|
|
Enbridge, Inc.
|
|
|
|
5.63%, 04/05/34
|
79
|
82,262
|
|
5.70%, 03/08/33
|
849
|
890,273
|
|
6.00%, 11/15/28
|
749
|
786,726
|
|
6.20%, 11/15/30
|
49
|
52,659
|
|
Energy Transfer LP
|
|
|
|
4.95%, 05/15/28
|
403
|
409,524
|
|
4.95%, 06/15/28
|
240
|
244,272
|
|
5.25%, 07/01/29
|
318
|
327,776
|
|
5.50%, 06/01/27
|
540
|
548,199
|
|
5.55%, 02/15/28
|
82
|
84,332
|
|
5.55%, 05/15/34
|
16
|
16,468
|
|
6.40%, 12/01/30
|
617
|
667,616
|
|
6.55%, 12/01/33
|
342
|
374,234
|
|
Genesis Energy LP/Genesis Energy Finance Corp.
|
|
|
|
7.88%, 05/15/32(a)
|
315
|
328,707
|
|
8.00%, 05/15/33
|
679
|
708,646
|
|
8.88%, 04/15/30(a)
|
553
|
581,982
|
|
Kinder Morgan, Inc., 4.80%, 02/01/33(a)
|
721
|
723,056
|
|
MPLX LP
|
|
|
|
4.00%, 03/15/28
|
829
|
828,585
|
|
4.80%, 02/15/31
|
627
|
633,798
|
|
4.95%, 09/01/32
|
449
|
452,311
|
|
NGL Energy Operating LLC/NGL Energy
Finance Corp.
|
|
|
|
8.13%, 02/15/29(b)
|
858
|
890,371
|
|
8.38%, 02/15/32(b)
|
642
|
671,954
|
|
ONEOK, Inc.
|
|
|
|
3.10%, 03/15/30
|
165
|
156,549
|
|
4.55%, 07/15/28
|
606
|
611,368
|
|
4.75%, 10/15/31
|
86
|
86,386
|
|
5.65%, 11/01/28
|
460
|
477,727
|
|
6.05%, 09/01/33
|
634
|
672,424
|
|
Plains All American Pipeline LP/PAA Finance Corp.,
4.70%, 01/15/31
|
1,130
|
1,136,251
|
|
Sabine Pass Liquefaction LLC
|
|
|
|
4.20%, 03/15/28
|
222
|
222,447
|
|
4.50%, 05/15/30
|
1,119
|
1,124,783
|
|
Summit Midstream Holdings LLC, 8.63%,
10/31/29(a)(b)
|
963
|
1,006,105
|
|
Targa Resources Corp.
|
|
|
|
4.20%, 02/01/33
|
43
|
41,135
|
|
6.13%, 03/15/33
|
163
|
174,168
|
|
6.15%, 03/01/29
|
108
|
113,780
|
|
Targa Resources Partners LP/Targa Resources
Partners Finance Corp.
|
|
|
|
4.00%, 01/15/32
|
538
|
516,509
|
|
4.88%, 02/01/31
|
1,016
|
1,025,481
|
|
5.50%, 03/01/30
|
227
|
231,156
|
|
TransCanada PipeLines Ltd.
|
|
|
|
4.10%, 04/15/30
|
539
|
533,218
|
|
4.25%, 05/15/28
|
791
|
793,883
|
|
Venture Global Plaquemines LNG LLC
|
|
|
|
6.75%, 01/15/36(b)
|
288
|
301,899
|
|
7.50%, 05/01/33(b)
|
339
|
371,669
|
|
7.75%, 05/01/35(b)
|
1,030
|
1,148,556
|
|
Western Midstream Operating LP
|
|
|
|
4.05%, 02/01/30
|
865
|
848,713
|
|
4.80%, 03/01/31
|
25
|
25,012
|
|
Security
|
Par
(000
)
|
Value
|
|
Pipelines (continued)
|
||
|
6.15%, 04/01/33
|
$247
|
$261,043
|
|
6.35%, 01/15/29
|
135
|
142,397
|
|
Williams Companies, Inc. (The), 4.90%, 03/15/29
|
281
|
287,494
|
|
|
|
26,062,315
|
|
Real Estate — 0.7%
|
||
|
Anywhere Real Estate Group LLC/Anywhere
Co-Issuer Corp., 7.00%, 04/15/30(b)
|
820
|
830,184
|
|
Anywhere Real Estate Group LLC/Realogy
Co-Issuer Corp., 9.75%, 04/15/30(b)
|
471
|
514,075
|
|
CBRE Services, Inc.
|
|
|
|
4.80%, 06/15/30
|
380
|
385,472
|
|
4.90%, 01/15/33
|
520
|
522,041
|
|
5.50%, 04/01/29
|
286
|
296,417
|
|
5.95%, 08/15/34
|
349
|
371,428
|
|
Cushman & Wakefield U.S. Borrower LLC, 6.75%,
05/15/28(b)
|
600
|
603,758
|
|
Five Point Operating Co. LP, 8.00%, 10/01/30(b)
|
526
|
546,696
|
|
Howard Hughes Corp.(The)
|
|
|
|
4.13%, 02/01/29(b)
|
765
|
739,847
|
|
4.38%, 02/01/31(a)(b)
|
748
|
708,394
|
|
|
|
5,518,312
|
|
Real Estate Investment Trusts — 3.5%
|
||
|
American Homes 4 Rent LP
|
|
|
|
3.63%, 04/15/32(a)
|
18
|
16,906
|
|
4.95%, 06/15/30
|
152
|
153,968
|
|
5.50%, 02/01/34
|
205
|
209,871
|
|
American Tower Corp.
|
|
|
|
3.55%, 07/15/27
|
39
|
38,724
|
|
3.65%, 03/15/27
|
126
|
125,550
|
|
3.80%, 08/15/29
|
110
|
108,468
|
|
4.90%, 03/15/30
|
423
|
432,078
|
|
5.50%, 03/15/28
|
316
|
324,866
|
|
5.55%, 07/15/33
|
606
|
633,060
|
|
5.65%, 03/15/33
|
235
|
247,177
|
|
5.80%, 11/15/28
|
814
|
849,993
|
|
Apollo Commercial Real Estate Finance, Inc., 4.63%,
06/15/29(a)(b)
|
665
|
662,572
|
|
Blackstone Mortgage Trust, Inc., 7.75%, 12/01/29(b)
|
550
|
589,556
|
|
Brixmor Operating Partnership LP
|
|
|
|
4.05%, 07/01/30
|
505
|
497,108
|
|
4.13%, 05/15/29
|
296
|
294,977
|
|
Brookfield Property REIT, Inc./BPR
Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC,
4.50%, 04/01/27(b)
|
605
|
597,364
|
|
Cousins Properties LP
|
|
|
|
5.25%, 07/15/30
|
285
|
292,441
|
|
5.88%, 10/01/34
|
130
|
135,661
|
|
Crown Castle, Inc.
|
|
|
|
2.25%, 01/15/31
|
80
|
71,552
|
|
3.65%, 09/01/27
|
347
|
344,564
|
|
3.80%, 02/15/28
|
1,038
|
1,031,312
|
|
5.00%, 01/11/28
|
50
|
50,780
|
|
5.60%, 06/01/29
|
336
|
348,821
|
|
Digital Realty Trust LP, 5.55%, 01/15/28
|
71
|
73,013
|
|
Diversified Healthcare Trust
|
|
|
|
4.38%, 03/01/31
|
648
|
578,184
|
|
7.25%, 10/15/30(b)
|
462
|
475,837
|
|
Equinix Europe 2 Financing Corp. LLC
|
|
|
|
4.60%, 11/15/30
|
235
|
235,948
|
|
5.50%, 06/15/34
|
240
|
247,886
|
|
Security
|
Par
(000
)
|
Value
|
|
Real Estate Investment Trusts (continued)
|
||
|
Equinix, Inc., 3.20%, 11/18/29
|
$1,030
|
$991,599
|
|
Extra Space Storage LP
|
|
|
|
4.95%, 01/15/33
|
48
|
48,281
|
|
5.40%, 06/15/35
|
82
|
83,716
|
|
5.50%, 07/01/30
|
949
|
987,496
|
|
5.70%, 04/01/28
|
78
|
80,467
|
|
5.90%, 01/15/31
|
417
|
441,255
|
|
GLP Capital LP/GLP Financing II, Inc.
|
|
|
|
3.25%, 01/15/32
|
578
|
523,249
|
|
5.25%, 02/15/33
|
334
|
334,621
|
|
5.30%, 01/15/29
|
359
|
365,856
|
|
5.63%, 09/15/34
|
229
|
231,815
|
|
Healthcare Realty Holdings LP, 2.00%, 03/15/31
|
655
|
575,951
|
|
Healthpeak OP LLC
|
|
|
|
4.75%, 01/15/33
|
274
|
272,797
|
|
5.25%, 12/15/32
|
645
|
661,392
|
|
Host Hotels & Resorts LP
|
|
|
|
5.50%, 04/15/35
|
35
|
35,474
|
|
5.70%, 06/15/32
|
443
|
462,485
|
|
5.70%, 07/01/34
|
73
|
75,337
|
|
Series I, 3.50%, 09/15/30
|
319
|
303,893
|
|
Invitation Homes Operating Partnership LP
|
|
|
|
2.30%, 11/15/28
|
40
|
38,029
|
|
4.15%, 04/15/32
|
64
|
61,794
|
|
4.95%, 01/15/33
|
296
|
295,393
|
|
Iron Mountain, Inc.
|
|
|
|
4.50%, 02/15/31(a)(b)
|
171
|
163,411
|
|
5.63%, 07/15/32(b)
|
214
|
211,319
|
|
Kimco Realty OP LLC, 6.40%, 03/01/34
|
50
|
55,011
|
|
Millrose Properties, Inc., 6.38%, 08/01/30(b)
|
483
|
492,991
|
|
MPT Operating Partnership LP/MPT Finance Corp.
|
|
|
|
3.50%, 03/15/31
|
164
|
121,521
|
|
4.63%, 08/01/29
|
1,305
|
1,118,873
|
|
5.00%, 10/15/27
|
545
|
532,874
|
|
NNN REIT, Inc.
|
|
|
|
4.60%, 02/15/31
|
226
|
227,482
|
|
5.60%, 10/15/33
|
38
|
39,611
|
|
Omega Healthcare Investors, Inc., 5.20%, 07/01/30
|
335
|
340,628
|
|
Park Intermediate Holdings LLC/PK Domestic
Property LLC/PK Finance Co-Issuer
|
|
|
|
4.88%, 05/15/29(b)
|
940
|
919,562
|
|
5.88%, 10/01/28(b)
|
360
|
360,004
|
|
Rithm Capital Corp.
|
|
|
|
8.00%, 04/01/29(b)
|
863
|
881,673
|
|
8.00%, 07/15/30(b)
|
448
|
458,093
|
|
RLJ Lodging Trust, 4.00%, 09/15/29(b)
|
639
|
606,385
|
|
Sabra Health Care LP, 3.20%, 12/01/31
|
1,035
|
947,549
|
|
Starwood Property Trust, Inc., 6.50%, 10/15/30(b)
|
550
|
572,791
|
|
Sun Communities Operating LP
|
|
|
|
2.70%, 07/15/31
|
326
|
296,106
|
|
4.20%, 04/15/32
|
451
|
437,737
|
|
VICI Properties LP
|
|
|
|
4.75%, 02/15/28
|
920
|
929,073
|
|
4.95%, 02/15/30
|
591
|
598,180
|
|
5.13%, 11/15/31
|
51
|
51,582
|
|
5.13%, 05/15/32
|
44
|
44,271
|
|
Weyerhaeuser Co., 4.00%, 04/15/30
|
287
|
282,766
|
|
XHR LP, 4.88%, 06/01/29(b)
|
620
|
611,191
|
|
|
|
27,839,821
|
|
Retail — 1.3%
|
||
|
Arko Corp., 5.13%, 11/15/29(b)
|
412
|
359,032
|
|
Security
|
Par
(000
)
|
Value
|
|
Retail (continued)
|
||
|
Brinker International, Inc., 8.25%, 07/15/30(b)
|
$212
|
$223,812
|
|
Dick's Sporting Goods, Inc., 3.15%, 01/15/32(a)
|
948
|
873,661
|
|
Dollar General Corp.
|
|
|
|
3.50%, 04/03/30
|
1,294
|
1,249,508
|
|
5.45%, 07/05/33
|
215
|
222,738
|
|
Dollar Tree, Inc.
|
|
|
|
2.65%, 12/01/31
|
195
|
175,807
|
|
4.20%, 05/15/28
|
883
|
883,986
|
|
FirstCash, Inc.
|
|
|
|
4.63%, 09/01/28(b)
|
531
|
527,119
|
|
5.63%, 01/01/30(b)
|
664
|
667,102
|
|
Gap, Inc.(The)
|
|
|
|
3.63%, 10/01/29(b)
|
883
|
839,788
|
|
3.88%, 10/01/31(b)
|
542
|
502,467
|
|
Genuine Parts Co., 4.95%, 08/15/29
|
842
|
855,657
|
|
Kohl's Corp.
|
|
|
|
5.13%, 05/01/31(a)
|
850
|
727,674
|
|
10.00%, 06/01/30(b)
|
366
|
400,946
|
|
Macy's Retail Holdings LLC
|
|
|
|
6.13%, 03/15/32(a)(b)
|
169
|
170,816
|
|
7.38%, 08/01/33(a)(b)
|
533
|
562,833
|
|
QXO Building Products, Inc., 6.75%, 04/30/32(b)
|
1,185
|
1,221,119
|
|
|
|
10,464,065
|
|
Semiconductors — 0.5%
|
||
|
Broadcom, Inc., 4.15%, 04/15/32(b)
|
108
|
105,642
|
|
Marvell Technology, Inc.
|
|
|
|
2.95%, 04/15/31
|
856
|
793,375
|
|
4.75%, 07/15/30
|
280
|
283,450
|
|
Micron Technology, Inc.
|
|
|
|
5.30%, 01/15/31
|
1,072
|
1,113,408
|
|
5.80%, 01/15/35
|
224
|
237,386
|
|
5.88%, 02/09/33
|
140
|
149,022
|
|
NXP BV/NXP Funding LLC/NXP USA, Inc.
|
|
|
|
2.50%, 05/11/31
|
440
|
398,130
|
|
3.40%, 05/01/30
|
394
|
380,003
|
|
4.30%, 06/18/29
|
635
|
636,747
|
|
5.00%, 01/15/33(a)
|
122
|
123,535
|
|
|
|
4,220,698
|
|
Shipbuilding — 0.1%
|
||
|
Huntington Ingalls Industries, Inc.
|
|
|
|
5.35%, 01/15/30
|
173
|
178,936
|
|
5.75%, 01/15/35
|
236
|
249,043
|
|
|
|
427,979
|
|
Software — 1.9%
|
||
|
Atlassian Corp., 5.25%, 05/15/29
|
53
|
54,520
|
|
Broadridge Financial Solutions, Inc.
|
|
|
|
2.60%, 05/01/31
|
1,032
|
937,538
|
|
2.90%, 12/01/29
|
285
|
270,919
|
|
CoreWeave, Inc.
|
|
|
|
9.00%, 02/01/31(a)(b)
|
507
|
492,935
|
|
9.25%, 06/01/30(a)(b)
|
1,299
|
1,278,733
|
|
Fidelity National Information Services, Inc.
|
|
|
|
1.65%, 03/01/28
|
732
|
696,755
|
|
2.25%, 03/01/31(a)
|
500
|
447,746
|
|
Microsoft Corp., 3.50%, 02/12/35(a)
|
1,283
|
1,201,529
|
|
MSCI, Inc., 5.25%, 09/01/35
|
1,256
|
1,260,343
|
|
Open Text Holdings, Inc., 4.13%, 02/15/30(b)
|
1,182
|
1,097,972
|
|
Oracle Corp.
|
|
|
|
2.95%, 04/01/30
|
1,281
|
1,183,610
|
|
4.45%, 09/26/30
|
825
|
805,286
|
|
Security
|
Par
(000
)
|
Value
|
|
Software (continued)
|
||
|
4.70%, 09/27/34
|
$251
|
$232,972
|
|
4.90%, 02/06/33
|
76
|
73,216
|
|
5.25%, 02/03/32
|
16
|
15,980
|
|
6.15%, 11/09/29
|
495
|
516,276
|
|
6.25%, 11/09/32(a)
|
342
|
356,975
|
|
Paychex, Inc.
|
|
|
|
5.10%, 04/15/30
|
235
|
241,721
|
|
5.35%, 04/15/32
|
1,172
|
1,211,593
|
|
ROBLOX Corp., 3.88%, 05/01/30(a)(b)
|
484
|
463,079
|
|
Roper Technologies, Inc., 1.75%, 02/15/31
|
44
|
38,624
|
|
Take-Two Interactive Software, Inc.
|
|
|
|
3.70%, 04/14/27
|
53
|
52,835
|
|
4.95%, 03/28/28
|
227
|
231,283
|
|
VMware LLC, 4.70%, 05/15/30
|
491
|
499,299
|
|
Workday, Inc., 3.80%, 04/01/32
|
908
|
867,300
|
|
ZoomInfo Technologies LLC/ZoomInfo Finance
Corp., 3.88%, 02/01/29(b)
|
424
|
387,558
|
|
|
|
14,916,597
|
|
Telecommunications — 2.7%
|
||
|
AT&T, Inc., 4.30%, 02/15/30
|
373
|
373,374
|
|
Bell Telephone Co. of Canada or Bell Canada,
5.10%, 05/11/33(a)
|
440
|
447,282
|
|
British Telecommunications PLC, 9.63%, 12/15/30
|
971
|
1,181,132
|
|
Cipher Compute LLC, 7.13%, 11/15/30(b)
|
1,224
|
1,261,223
|
|
Deutsche Telekom International Finance BV, 8.75%,
06/15/30(a)
|
882
|
1,028,552
|
|
EchoStar Corp., 10.75%, 11/30/29
|
576
|
632,092
|
|
GCI LLC, 4.75%, 10/15/28(b)
|
776
|
759,970
|
|
Millicom International Cellular SA
|
|
|
|
4.50%, 04/27/31(b)
|
1,001
|
932,023
|
|
7.38%, 04/02/32(a)(b)
|
465
|
483,776
|
|
Motorola Solutions, Inc.
|
|
|
|
2.30%, 11/15/30
|
254
|
230,535
|
|
2.75%, 05/24/31
|
342
|
314,125
|
|
4.60%, 05/23/29
|
600
|
607,241
|
|
5.20%, 08/15/32
|
242
|
249,740
|
|
5.40%, 04/15/34
|
268
|
275,952
|
|
5.60%, 06/01/32
|
13
|
13,671
|
|
Orange SA, 9.00%, 03/01/31
|
894
|
1,072,518
|
|
Sprint Capital Corp.
|
|
|
|
6.88%, 11/15/28
|
345
|
370,129
|
|
8.75%, 03/15/32
|
905
|
1,095,975
|
|
TELUS Corp., 3.40%, 05/13/32
|
1,262
|
1,165,338
|
|
T-Mobile USA, Inc.
|
|
|
|
2.25%, 11/15/31
|
961
|
852,277
|
|
2.55%, 02/15/31
|
689
|
630,283
|
|
2.70%, 03/15/32
|
1,069
|
961,262
|
|
2.88%, 02/15/31
|
212
|
197,035
|
|
3.88%, 04/15/30
|
925
|
909,149
|
|
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL
Capital LLC, 8.63%, 06/15/32(a)(b)
|
709
|
715,856
|
|
Viasat, Inc., 7.50%, 05/30/31(b)
|
950
|
922,547
|
|
Windstream Services LLC/Windstream Escrow
Finance Corp., 8.25%, 10/01/31(b)
|
1,188
|
1,244,460
|
|
WULF Compute LLC, 7.75%, 10/15/30(b)
|
1,189
|
1,240,151
|
|
Zegona Finance PLC, 8.63%, 07/15/29(b)
|
912
|
961,460
|
|
|
|
21,129,128
|
|
Transportation — 0.2%
|
||
|
Danaos Corp., 6.88%, 10/15/32(a)(b)
|
597
|
616,607
|
|
Security
|
Par
(000
)
|
Value
|
|
Transportation (continued)
|
||
|
FedEx Corp.
|
|
|
|
2.40%, 05/15/31(a)
|
$389
|
$354,806
|
|
3.10%, 08/05/29
|
356
|
343,573
|
|
JB Hunt Transport Services, Inc., 4.90%, 03/15/30
|
540
|
552,190
|
|
|
|
1,867,176
|
|
Trucking & Leasing — 0.1%
|
||
|
FTAI Aviation Investors LLC, 5.50%, 05/01/28(b)
|
1,130
|
1,131,086
|
|
Water — 0.0%
|
||
|
Essential Utilities, Inc.
|
|
|
|
2.40%, 05/01/31
|
5
|
4,526
|
|
5.25%, 08/15/35
|
266
|
269,977
|
|
5.38%, 01/15/34
|
11
|
11,321
|
|
|
|
285,824
|
|
Total Corporate Bonds & Notes — 50.2%
(Cost: $399,192,564)
|
401,145,438
|
|
|
U.S. Government & Agency Obligations
|
||
|
Mortgage-Backed Securities — 17.5%
|
||
|
Federal Home Loan Mortgage Corp.
|
|
|
|
2.00%, 03/01/36
|
1,491
|
1,381,225
|
|
2.50%, 12/01/50
|
683
|
580,974
|
|
2.50%, 11/01/51(c)
|
1,655
|
1,433,063
|
|
3.50%, 05/01/48
|
1,889
|
1,777,036
|
|
3.50%, 06/01/50
|
2,349
|
2,205,224
|
|
4.00%, 10/01/49
|
1,468
|
1,439,014
|
|
4.50%, 12/01/40
|
489
|
489,819
|
|
5.00%, 06/01/53
|
777
|
787,042
|
|
5.00%, 06/01/54
|
2,295
|
2,311,833
|
|
5.00%, 01/01/56
|
889
|
892,856
|
|
5.50%, 10/01/55
|
494
|
505,624
|
|
6.00%, 09/01/55
|
165
|
171,960
|
|
6.50%, 10/01/55
|
2,014
|
2,104,493
|
|
Federal National Mortgage Association
|
|
|
|
2.00%, 11/01/51
|
2,825
|
2,314,682
|
|
2.50%, 05/01/37(c)
|
1,602
|
1,521,831
|
|
2.50%, 02/17/41(d)
|
425
|
401,281
|
|
2.50%, 07/01/52(c)
|
232
|
197,219
|
|
2.50%, 02/12/56(d)
|
5,280
|
4,480,992
|
|
3.00%, 04/01/37(c)
|
699
|
671,795
|
|
3.00%, 02/17/41(d)
|
330
|
316,886
|
|
3.00%, 03/01/50(c)
|
1,740
|
1,568,913
|
|
3.00%, 12/01/51(c)
|
1,365
|
1,224,241
|
|
3.50%, 02/15/40(d)
|
275
|
266,565
|
|
3.50%, 06/01/50(c)
|
1,829
|
1,716,619
|
|
4.00%, 10/01/40
|
475
|
469,171
|
|
4.00%, 02/17/41(d)
|
560
|
552,314
|
|
4.00%, 01/01/57
|
43
|
41,205
|
|
4.00%, 02/01/57
|
42
|
39,982
|
|
4.50%, 06/01/54
|
163
|
159,352
|
|
5.00%, 11/01/54
|
775
|
775,250
|
|
5.00%, 01/01/55(c)
|
1,146
|
1,155,400
|
|
5.50%, 09/01/55(c)
|
256
|
260,973
|
|
5.50%, 01/01/56(c)
|
2,623
|
2,682,134
|
|
6.00%, 09/01/54
|
5,343
|
5,481,736
|
|
6.00%, 12/01/54(c)
|
3,809
|
4,013,747
|
|
6.00%, 11/01/55
|
99
|
101,313
|
|
6.00%, 12/01/55
|
75
|
76,855
|
|
6.50%, 01/01/54
|
1,309
|
1,380,132
|
|
Security
|
Par
(000
)
|
Value
|
|
Mortgage-Backed Securities (continued)
|
||
|
6.50%, 02/01/54
|
$1,448
|
$1,521,439
|
|
Government National Mortgage Association
|
|
|
|
2.00%, 12/20/50
|
2,016
|
1,677,530
|
|
2.00%, 12/20/51
|
745
|
619,579
|
|
2.00%, 02/20/52
|
745
|
619,999
|
|
2.00%, 02/15/56(d)
|
2,950
|
2,452,827
|
|
2.50%, 08/20/51
|
3,618
|
3,135,341
|
|
2.50%, 12/20/51
|
5,288
|
4,583,323
|
|
3.00%, 08/20/51
|
2,716
|
2,453,598
|
|
3.00%, 05/20/52
|
1,481
|
1,337,696
|
|
3.50%, 11/20/54
|
1,640
|
1,504,726
|
|
3.50%, 09/20/55
|
282
|
258,332
|
|
3.50%, 02/19/56(d)
|
1,000
|
915,949
|
|
4.00%, 06/20/48
|
545
|
524,225
|
|
4.00%, 02/15/56(d)
|
1,725
|
1,630,955
|
|
4.50%, 01/20/55
|
1,913
|
1,868,740
|
|
4.50%, 02/19/56(d)
|
850
|
829,913
|
|
5.00%, 02/20/55
|
585
|
585,646
|
|
5.00%, 02/19/56(d)
|
2,310
|
2,309,451
|
|
5.50%, 11/20/55
|
2,985
|
3,020,120
|
|
5.50%, 02/19/56(d)
|
1,575
|
1,592,204
|
|
6.00%, 02/19/56(d)
|
300
|
306,862
|
|
Uniform Mortgage-Backed Securities
|
|
|
|
1.50%, 02/17/41(d)
|
327
|
294,907
|
|
2.00%, 02/17/41(d)
|
5,543
|
5,119,595
|
|
2.00%, 06/01/50
|
978
|
803,073
|
|
2.00%, 11/01/51
|
3,896
|
3,201,078
|
|
2.00%, 03/01/52
|
10,772
|
8,766,560
|
|
2.00%, 02/12/56(d)
|
5,145
|
4,172,785
|
|
2.50%, 11/01/36(c)
|
347
|
327,397
|
|
2.50%, 04/01/51
|
2,305
|
1,974,746
|
|
2.50%, 12/01/51
|
2,037
|
1,737,584
|
|
2.50%, 04/01/52
|
98
|
83,533
|
|
3.00%, 02/12/56(d)
|
5,625
|
4,984,802
|
|
3.50%, 02/15/56(d)
|
550
|
508,658
|
|
4.00%, 02/12/56(d)
|
3,675
|
3,509,370
|
|
4.50%, 02/15/56(d)
|
3,925
|
3,844,995
|
|
5.00%, 02/12/56(d)
|
2,825
|
2,824,222
|
|
5.50%, 03/01/54
|
1,628
|
1,671,265
|
|
5.50%, 02/15/56(d)
|
6,050
|
6,134,159
|
|
6.00%, 01/01/55(c)
|
627
|
647,858
|
|
6.00%, 02/15/56(d)
|
5,525
|
5,657,486
|
|
6.50%, 02/15/56(d)
|
2,025
|
2,096,982
|
|
|
|
140,060,261
|
|
U.S. Government Obligations — 31.5%
|
||
|
U.S. Treasury Note/Bond
|
|
|
|
1.13%, 08/15/40
|
49,837
|
31,173,683
|
|
1.25%, 08/15/31
|
32,976
|
28,677,440
|
|
1.38%, 11/15/31
|
400
|
347,766
|
|
1.88%, 11/15/51
|
24,696
|
13,598,180
|
|
2.00%, 08/15/51
|
16,780
|
9,581,642
|
|
2.25%, 02/15/52
|
22,183
|
13,404,190
|
|
2.50%, 02/15/46
|
1,265
|
878,829
|
|
2.75%, 08/15/47(a)
|
34,494
|
24,576,761
|
|
2.88%, 05/15/32
|
14,900
|
14,000,762
|
|
2.88%, 05/15/43
|
1,000
|
774,141
|
|
2.88%, 05/15/52
|
19,589
|
13,628,407
|
|
3.00%, 11/15/44
|
1,500
|
1,157,285
|
|
3.00%, 08/15/48
|
21,916
|
16,171,684
|
|
Security
|
Par
(000
)
|
Value
|
|
U.S. Government Obligations (continued)
|
||
|
3.00%, 08/15/52
|
$18,726
|
$13,350,839
|
|
3.63%, 05/15/53
|
1,085
|
873,383
|
|
4.13%, 05/31/32
|
50,241
|
50,670,292
|
|
4.25%, 05/15/35
|
17,886
|
17,925,326
|
|
4.25%, 08/15/35
|
1,450
|
1,451,359
|
|
|
|
252,241,969
|
|
Total U.S. Government & Agency Obligations — 49.0%
(Cost: $395,723,385)
|
392,302,230
|
|
|
Total Long-Term Investments — 99.2%
(Cost: $794,915,949)
|
793,447,668
|
|
|
|
Shares
|
|
|
Short-Term Securities
|
||
|
Money Market Funds — 12.7%
|
||
|
BlackRock Cash Funds: Institutional, SL Agency
Shares, 3.82%(e)(f)(g)
|
101,256,387
|
101,307,015
|
|
BlackRock Cash Funds: Treasury, SL Agency
Shares, 3.64%(e)(f)
|
100,000
|
100,000
|
|
Total Short-Term Securities — 12.7%
(Cost: $101,404,916)
|
101,407,015
|
|
|
Total Investments Before TBA Sales Commitments — 111.9%
(Cost: $896,320,865)
|
894,854,683
|
|
|
|
Par
(000
)
|
|
|
TBA Sales Commitments(d)
|
||
|
Mortgage-Backed Securities — (1.4)%
|
||
|
Uniform Mortgage-Backed Securities
|
|
|
|
5.00%, 02/12/56
|
(900
)
|
(899,752
)
|
|
5.50%, 02/15/56
|
(2,625
)
|
(2,661,515
)
|
|
6.00%, 02/15/56
|
(5,525
)
|
(5,657,486
)
|
|
6.50%, 02/15/56
|
(2,025
)
|
(2,096,983
)
|
|
Total TBA Sales Commitments — (1.4)%
(Proceeds: $(11,315,180))
|
(11,315,736
)
|
|
|
Total Investments, Net of TBA Sales Commitments — 110.5%
(Cost: $885,005,685)
|
883,538,947
|
|
|
Liabilities in Excess of Other Assets — (10.5)%
|
(83,878,983
)
|
|
|
Net Assets — 100.0%
|
$799,659,964
|
|
|
(a)
|
All or a portion of this security is on loan.
|
|
(b)
|
Security exempt from registration pursuant to Rule 144A under the Securities Act of
1933, as amended. These securities may be resold in transactions exempt from
registration to qualified institutional investors.
|
|
(c)
|
Variable rate security. Interest rate resets periodically. The rate shown is the effective
interest rate as of period end. Security description also includes the reference rate
and
spread if published and available.
|
|
(d)
|
Represents or includes a TBA transaction.
|
|
(e)
|
Affiliate of the Fund.
|
|
(f)
|
Annualized 7-day yield as of period end.
|
|
(g)
|
All or a portion of this security was purchased with the cash collateral from loaned
securities.
|
|
Affiliated Issuer
|
Value at
10/31/25
|
Purchases
at Cost
|
Proceeds
from Sales
|
Net Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Value at
01/31/26
|
Shares
Held at
01/31/26
|
Income
|
Capital
Gain
Distributions
from
Underlying
Funds
|
|
BlackRock Cash Funds: Institutional, SL
Agency Shares
|
$16,127,968
|
$85,181,601
(a)
|
$—
|
$(2,111
)
|
$(443
)
|
$101,307,015
|
101,256,387
|
$490,922
(b)
|
$—
|
|
BlackRock Cash Funds: Treasury, SL
Agency Shares
|
100,000
|
0
(a)
|
—
|
—
|
—
|
100,000
|
100,000
|
952
|
—
|
|
|
|
|
|
$(2,111)
|
$(443)
|
$101,407,015
|
|
$491,874
|
$—
|
|
(a)
|
Represents net amount purchased (sold).
|
|
(b)
|
All or a portion represents securities lending income earned from the reinvestment
of cash collateral from loaned securities, net of collateral investment fees, and
other payments to
and from borrowers of securities.
|
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Notional
Amount
(000)
|
Value/
Unrealized
Appreciation
(Depreciation)
|
|
Long Contracts
|
|
|
|
|
|
10-Year U.S. Ultra Long Treasury Note
|
99
|
03/20/26
|
$11,292
|
$(119,432)
|
|
2-Year U.S. Treasury Note
|
42
|
03/31/26
|
8,756
|
272
|
|
|
|
|
|
(119,160)
|
|
Short Contracts
|
|
|
|
|
|
10-Year U.S. Treasury Note
|
1
|
03/20/26
|
112
|
1,827
|
|
Long U.S. Treasury Bond
|
70
|
03/20/26
|
8,037
|
135,289
|
|
5-Year U.S. Treasury Note
|
9
|
03/31/26
|
980
|
3,363
|
|
|
|
|
|
140,479
|
|
|
|
|
|
$21,319
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets
|
|
|
|
|
|
Investments
|
|
|
|
|
|
Long-Term Investments
|
|
|
|
|
|
Corporate Bonds & Notes
|
$—
|
$401,145,438
|
$—
|
$401,145,438
|
|
U.S. Government & Agency Obligations
|
—
|
392,302,230
|
—
|
392,302,230
|
|
Short-Term Securities
|
|
|
|
|
|
Money Market Funds
|
101,407,015
|
—
|
—
|
101,407,015
|
|
Liabilities
|
|
|
|
|
|
Investments
|
|
|
|
|
|
TBA Sales Commitments
|
—
|
(11,315,736
)
|
—
|
(11,315,736
)
|
|
|
$101,407,015
|
$782,131,932
|
$—
|
$883,538,947
|
|
Derivative Financial Instruments(a)
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Interest Rate Contracts
|
$140,751
|
$—
|
$—
|
$140,751
|
|
Liabilities
|
|
|
|
|
|
Interest Rate Contracts
|
(119,432
)
|
—
|
—
|
(119,432
)
|
|
|
$21,319
|
$—
|
$—
|
$21,319
|
|
(a)
|
Derivative financial instruments are futures contracts. Futures contracts are valued
at the unrealized appreciation (depreciation) on the instrument.
|
|
Portfolio Abbreviation
|
|
|
CME
|
Chicago Mercantile Exchange
|
|
REIT
|
Real Estate Investment Trust
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
TBA
|
To-Be-Announced
|