|
Security
|
|
Rate
|
Maturity
Date
|
Face
Amount
|
Value
|
|
Asset-Backed Securities — 35.5%
|
|||||
|
ACHM Trust, 2025-HE3 A
|
5.202%
|
11/25/55
|
$731,233
|
$735,674
(a)(b)
|
|
|
Affirm Master Trust, 2025-3A B
|
4.750%
|
10/16/34
|
500,000
|
501,574
(a)
|
|
|
Affirm Master Trust, 2025-3A D
|
5.090%
|
10/16/34
|
500,000
|
503,165
(a)
|
|
|
American Credit Acceptance Receivables Trust, 2025-4 C
|
4.830%
|
1/13/31
|
500,000
|
503,737
(a)
|
|
|
Avant Credit Card Master Trust, 2025-1A B
|
5.080%
|
4/15/31
|
500,000
|
498,729
(a)
|
|
|
Carmax Select Receivables Trust, 2025-B D
|
5.330%
|
7/15/31
|
300,000
|
303,208
|
|
|
Cogent Ipv4 LLC, 2025-1A A2
|
6.646%
|
4/25/55
|
930,000
|
959,493
(a)
|
|
|
College Avenue Student Loans LLC, 2021-B D
|
3.780%
|
6/25/52
|
561,262
|
527,953
(a)
|
|
|
Continental Finance Credit Card ABS Master Trust, 2025-A A
|
5.400%
|
12/17/35
|
500,000
|
501,053
(a)
|
|
|
COOPR Residential Mortgage Trust, 2025-CES3 A1A
|
4.840%
|
9/25/60
|
479,183
|
480,377
(a)
|
|
|
Credit Acceptance Auto Loan Trust, 2025-2A C
|
5.380%
|
3/17/36
|
500,000
|
508,974
(a)
|
|
|
Drive Auto Receivables Trust, 2025-2 A2
|
4.290%
|
10/16/28
|
963,327
|
964,021
|
|
|
Drive Auto Receivables Trust, 2025-2 D
|
4.900%
|
12/15/32
|
500,000
|
501,551
|
|
|
Exeter Automobile Receivables Trust, 2025-5A D
|
5.160%
|
3/15/32
|
500,000
|
503,966
|
|
|
FIGRE Trust, 2025-HE8 B
|
5.356%
|
11/25/55
|
478,773
|
483,336
(a)(b)
|
|
|
GLS Auto Select Receivables Trust, 2025-1A A2
|
4.710%
|
4/15/30
|
632,847
|
637,614
(a)
|
|
|
Hertz Vehicle Financing LLC, 2022-2A C
|
2.950%
|
6/26/28
|
209,000
|
204,321
(a)
|
|
|
Invesco CLO Ltd., 2022-1A D (3 mo. Term SOFR + 3.050%)
|
6.718%
|
4/20/35
|
370,000
|
370,458
(a)(b)
|
|
|
Merchants Fleet Funding LLC, 2023-1A A
|
7.210%
|
5/20/36
|
711,407
|
714,094
(a)
|
|
|
Mission Lane Credit Card Master Trust, 2025-C C
|
5.370%
|
12/16/30
|
500,000
|
500,785
(a)
|
|
|
OCCU Auto Receivables Trust, 2023-1A A3
|
6.230%
|
6/15/28
|
244,954
|
246,232
(a)
|
|
|
OnDeck Asset Securitization Trust LLC, 2024-2A A
|
4.980%
|
10/17/31
|
150,000
|
150,653
(a)
|
|
|
Pagaya AI Debt Grantor Trust, 2024-10 A
|
5.183%
|
6/15/32
|
157,308
|
158,065
(a)
|
|
|
Pagaya AI Debt Grantor Trust, 2025-6 C
|
5.008%
|
4/15/33
|
500,000
|
499,270
(a)
|
|
|
Point Securitization Trust, 2025-2 A1
|
5.750%
|
9/25/55
|
499,897
|
501,978
(a)
|
|
|
Regional Management Issuance Trust, 2024-2 D
|
6.330%
|
12/15/33
|
201,000
|
202,891
(a)
|
|
|
Republic Finance Issuance Trust, 2025-A D
|
6.030%
|
11/20/34
|
300,000
|
301,156
(a)
|
|
|
Research-Driven Pagaya Motor Trust, 2025-5A C
|
5.473%
|
6/26/34
|
500,000
|
503,349
(a)
|
|
|
RFS Asset Securitization V LLC, 2025-1 A
|
6.049%
|
5/15/32
|
885,000
|
895,176
(a)
|
|
|
SoFi Consumer Loan Program Trust, 2025-4 A
|
4.240%
|
8/25/35
|
815,891
|
817,632
(a)
|
|
|
SoFi Professional Loan Program Trust, 2018-C A2FX
|
3.590%
|
1/25/48
|
215,521
|
214,524
(a)
|
|
|
Unlock HEA Trust, 2025-2 A
|
6.000%
|
11/25/41
|
491,522
|
491,603
(a)
|
|
|
Upgrade Master Pass-Thru Trust, 2025-ST8 D
|
5.912%
|
12/15/33
|
500,000
|
501,341
(a)
|
|
|
Upstart Securitization Trust, 2025-3 C
|
5.430%
|
9/20/35
|
300,000
|
298,294
(a)
|
|
|
Veros Auto Receivables Trust, 2026-1 D
|
5.660%
|
7/15/31
|
500,000
|
502,326
(a)
|
|
|
Wingspire Equipment Finance LLC, 2025-1A C
|
4.760%
|
9/20/33
|
500,000
|
501,791
(a)
|
|
|
Zayo Issuer LLC, 2025-2A A2
|
5.953%
|
6/20/55
|
1,380,000
|
1,418,932
(a)
|
|
|
|
|||||
|
Total Asset-Backed Securities (Cost — $19,012,404)
|
19,109,296
|
||||
|
Corporate Bonds & Notes — 29.6%
|
|||||
|
Communication Services — 1.0%
|
|||||
|
Entertainment — 0.8%
|
|||||
|
Flutter Treasury DAC, Senior Secured Notes
|
6.375%
|
4/29/29
|
400,000
|
412,690
(a)
|
|
|
Interactive Media & Services — 0.2%
|
|||||
|
ZipRecruiter Inc., Senior Notes
|
5.000%
|
1/15/30
|
200,000
|
138,940
(a)
|
|
|
|
|||||
|
Total Communication Services
|
551,630
|
||||
|
Security
|
|
Rate
|
Maturity
Date
|
Face
Amount
|
Value
|
|
|
|||||
|
Consumer Discretionary — 3.5%
|
|||||
|
Diversified Consumer Services — 0.4%
|
|||||
|
Adtalem Global Education Inc., Senior Secured Notes
|
5.500%
|
3/1/28
|
$200,000
|
$199,691
(a)
|
|
|
Hotels, Restaurants & Leisure — 1.4%
|
|||||
|
Rivers Enterprise Lender LLC/Rivers Enterprise Lender Corp., Senior Secured
Notes
|
6.250%
|
10/15/30
|
75,000
|
76,172
(a)
|
|
|
Travel + Leisure Co., Senior Secured Notes
|
6.625%
|
7/31/26
|
375,000
|
376,619
(a)
|
|
|
Viking Cruises Ltd., Senior Notes
|
5.875%
|
10/15/33
|
300,000
|
304,279
(a)
|
|
|
Total Hotels, Restaurants & Leisure
|
757,070
|
||||
|
Household Durables — 1.4%
|
|||||
|
Dream Finders Homes Inc., Senior Notes
|
8.250%
|
8/15/28
|
375,000
|
386,926
(a)
|
|
|
Installed Building Products Inc., Senior Notes
|
5.625%
|
2/1/34
|
350,000
|
352,887
(a)
|
|
|
Total Household Durables
|
739,813
|
||||
|
Specialty Retail — 0.3%
|
|||||
|
Gap Inc., Senior Notes
|
3.875%
|
10/1/31
|
200,000
|
185,565
(a)
|
|
|
Textiles, Apparel & Luxury Goods — 0.0%††
|
|||||
|
Saks Global Enterprises LLC, Second Out Senior Secured Notes
|
11.000%
|
12/15/29
|
376,000
|
1,880
*(a)(c)
|
|
|
Saks Global Enterprises LLC, Third Out Senior Secured Notes
|
11.000%
|
12/15/29
|
14,100
|
42
*(a)(c)
|
|
|
Total Textiles, Apparel & Luxury Goods
|
1,922
|
||||
|
|
|||||
|
Total Consumer Discretionary
|
1,884,061
|
||||
|
Energy — 3.2%
|
|||||
|
Energy Equipment & Services — 0.7%
|
|||||
|
Enerflex Inc., Senior Notes
|
6.875%
|
1/15/31
|
225,000
|
232,697
(a)
|
|
|
WBI Operating LLC, Senior Notes
|
6.250%
|
10/15/30
|
150,000
|
151,214
(a)
|
|
|
Total Energy Equipment & Services
|
383,911
|
||||
|
Oil, Gas & Consumable Fuels — 2.5%
|
|||||
|
BKV Upstream Midstream LLC, Senior Notes
|
7.500%
|
10/15/30
|
250,000
|
253,324
(a)
|
|
|
Coterra Energy Operating Co., Senior Notes
|
3.900%
|
5/15/27
|
500,000
|
491,417
|
|
|
DBR Land Holdings LLC, Senior Notes
|
6.250%
|
12/1/30
|
150,000
|
153,750
(a)
|
|
|
Saturn Oil & Gas Inc., Senior Secured Notes
|
9.625%
|
6/15/29
|
292,000
|
298,942
(a)
|
|
|
SM Energy Co., Senior Notes
|
6.750%
|
9/15/26
|
107,000
|
107,484
|
|
|
Total Oil, Gas & Consumable Fuels
|
1,304,917
|
||||
|
|
|||||
|
Total Energy
|
1,688,828
|
||||
|
Financials — 14.2%
|
|||||
|
Banks — 4.3%
|
|||||
|
Citigroup Inc., Junior Subordinated Notes (3.875% to 2/18/26 then 5 year Treasury
Constant Maturity Rate + 3.417%)
|
3.875%
|
2/18/26
|
1,590,000
|
1,588,097
(b)(d)
|
|
|
Wells Fargo & Co., Junior Subordinated Notes (3.900% to 3/15/26 then 5 year
Treasury Constant Maturity Rate + 3.453%)
|
3.900%
|
3/15/26
|
739,000
|
738,558
(b)(d)
|
|
|
Total Banks
|
2,326,655
|
||||
|
Capital Markets — 2.1%
|
|||||
|
Charles Schwab Corp., Junior Subordinated Notes (4.000% to 6/1/26 then 5 year
Treasury Constant Maturity Rate + 3.168%)
|
4.000%
|
6/1/26
|
410,000
|
408,554
(b)(d)
|
|
|
CI Financial Corp., Senior Notes
|
7.500%
|
5/30/29
|
400,000
|
426,892
(a)
|
|
|
CI Financial Corp., Senior Notes
|
3.200%
|
12/17/30
|
300,000
|
272,467
|
|
|
Total Capital Markets
|
1,107,913
|
||||
|
Security
|
|
Rate
|
Maturity
Date
|
Face
Amount
|
Value
|
|
|
|||||
|
Consumer Finance — 5.0%
|
|||||
|
American Express Co., Junior Subordinated Notes (3.550% to 9/15/26 then 5 year
Treasury Constant Maturity Rate + 2.854%)
|
3.550%
|
9/15/26
|
$820,000
|
$811,980
(b)(d)
|
|
|
Atlanticus Holdings Corp., Senior Notes
|
9.750%
|
9/1/30
|
300,000
|
286,215
(a)
|
|
|
Credit Acceptance Corp., Senior Notes
|
9.250%
|
12/15/28
|
500,000
|
524,561
(a)
|
|
|
Encore Capital Group Inc., Senior Secured Notes
|
9.250%
|
4/1/29
|
200,000
|
209,943
(a)
|
|
|
Enova International Inc., Senior Notes
|
11.250%
|
12/15/28
|
450,000
|
476,761
(a)
|
|
|
FirstCash Inc., Senior Notes
|
5.625%
|
1/1/30
|
200,000
|
201,093
(a)
|
|
|
PROG Holdings Inc., Senior Notes
|
6.000%
|
11/15/29
|
200,000
|
198,646
(a)
|
|
|
Total Consumer Finance
|
2,709,199
|
||||
|
Financial Services — 2.4%
|
|||||
|
Block Inc., Senior Notes
|
6.000%
|
8/15/33
|
350,000
|
357,685
(a)
|
|
|
Jefferson Capital Holdings LLC, Senior Notes
|
9.500%
|
2/15/29
|
200,000
|
210,015
(a)
|
|
|
Provident Funding Associates LP/PFG Finance Corp., Senior Notes
|
9.750%
|
9/15/29
|
350,000
|
367,383
(a)
|
|
|
SGUS LLC, Senior Secured Notes
|
11.000%
|
12/15/29
|
32,900
|
1,069
*(a)(c)
|
|
|
United Wholesale Mortgage LLC, Senior Notes
|
5.500%
|
4/15/29
|
300,000
|
296,566
(a)
|
|
|
Velocity Commercial Capital LLC, Senior Notes
|
9.375%
|
2/15/31
|
75,000
|
76,219
(a)
|
|
|
Total Financial Services
|
1,308,937
|
||||
|
Insurance — 0.4%
|
|||||
|
Ryan Specialty LLC, Senior Secured Notes
|
5.875%
|
8/1/32
|
200,000
|
203,432
(a)
|
|
|
|
|||||
|
Total Financials
|
7,656,136
|
||||
|
Health Care — 1.4%
|
|||||
|
Health Care Providers & Services — 1.0%
|
|||||
|
Centene Corp., Senior Notes
|
3.375%
|
2/15/30
|
450,000
|
415,351
|
|
|
Molina Healthcare Inc., Senior Notes
|
6.250%
|
1/15/33
|
150,000
|
151,160
(a)
|
|
|
Total Health Care Providers & Services
|
566,511
|
||||
|
Life Sciences Tools & Services — 0.4%
|
|||||
|
IQVIA Inc., Senior Notes
|
5.000%
|
10/15/26
|
200,000
|
200,037
(a)
|
|
|
|
|||||
|
Total Health Care
|
766,548
|
||||
|
Industrials — 3.8%
|
|||||
|
Aerospace & Defense — 0.7%
|
|||||
|
TransDigm Inc., Senior Secured Notes
|
6.750%
|
8/15/28
|
350,000
|
356,328
(a)
|
|
|
Building Products — 0.3%
|
|||||
|
AmeriTex HoldCo Intermediate LLC, Senior Secured Notes
|
7.625%
|
8/15/33
|
175,000
|
184,146
(a)
|
|
|
Commercial Services & Supplies — 0.3%
|
|||||
|
Synergy Infrastructure Holdings LLC, Secured Notes
|
7.875%
|
12/1/30
|
150,000
|
156,846
(a)
|
|
|
Machinery — 0.4%
|
|||||
|
Titan International Inc., Senior Secured Notes
|
7.000%
|
4/30/28
|
225,000
|
226,114
|
|
|
Professional Services — 0.8%
|
|||||
|
Concentrix Corp., Senior Notes
|
6.600%
|
8/2/28
|
400,000
|
415,864
|
|
|
Trading Companies & Distributors — 1.3%
|
|||||
|
Aircastle Ltd., Junior Subordinated Notes (5.250% to 9/15/26 then 5 year Treasury
Constant Maturity Rate + 4.410%)
|
5.250%
|
6/15/26
|
521,000
|
522,062
(a)(b)(d)
|
|
|
Herc Holdings Inc., Senior Notes
|
5.750%
|
3/15/31
|
200,000
|
201,538
(a)
|
|
|
Total Trading Companies & Distributors
|
723,600
|
||||
|
|
|||||
|
Total Industrials
|
2,062,898
|
||||
|
Security
|
|
Rate
|
Maturity
Date
|
Face
Amount
|
Value
|
|
|
|||||
|
Information Technology — 0.6%
|
|||||
|
IT Services — 0.3%
|
|||||
|
Sabre GLBL Inc., Senior Secured Notes
|
10.750%
|
11/15/29
|
$175,000
|
$142,947
(a)
|
|
|
Software — 0.3%
|
|||||
|
Fair Isaac Corp., Senior Notes
|
6.000%
|
5/15/33
|
175,000
|
178,414
(a)
|
|
|
|
|||||
|
Total Information Technology
|
321,361
|
||||
|
Materials — 1.3%
|
|||||
|
Chemicals — 1.0%
|
|||||
|
Cerdia Finanz GmbH, Senior Secured Notes
|
9.375%
|
10/3/31
|
300,000
|
306,666
(a)
|
|
|
Mativ Holdings Inc., Senior Notes
|
8.000%
|
10/1/29
|
250,000
|
252,102
(a)
|
|
|
Total Chemicals
|
558,768
|
||||
|
Paper & Forest Products — 0.3%
|
|||||
|
Magnera Corp., Senior Secured Notes
|
7.250%
|
11/15/31
|
150,000
|
141,887
(a)
|
|
|
|
|||||
|
Total Materials
|
700,655
|
||||
|
Real Estate — 0.6%
|
|||||
|
Diversified REITs — 0.6%
|
|||||
|
Trust 2401, Senior Notes
|
7.700%
|
1/23/32
|
270,000
|
296,588
(a)
|
|
|
|
|||||
|
Total Corporate Bonds & Notes (Cost — $16,273,858)
|
15,928,705
|
||||
|
Collateralized Mortgage Obligations(e) — 26.9%
|
|||||
|
COLT Mortgage Loan Trust, 2025-10 A1
|
5.088%
|
10/25/70
|
975,512
|
981,138
(a)(b)
|
|
|
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 3042 HZ
|
5.500%
|
9/15/35
|
450,546
|
466,367
|
|
|
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 4666 HA
|
3.000%
|
3/15/53
|
238,940
|
236,396
|
|
|
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, 5473 FN (30 Day Average
SOFR + 1.250%)
|
4.947%
|
11/25/54
|
1,846,754
|
1,863,248
(b)
|
|
|
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit
Risk Trust, 2022-DNA4 M2 (30 Day Average SOFR + 5.250%)
|
8.947%
|
5/25/42
|
890,000
|
938,689
(a)(b)
|
|
|
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit
Risk Trust, 2022-HQA2 M2 (30 Day Average SOFR + 6.000%)
|
9.697%
|
7/25/42
|
1,273,000
|
1,363,434
(a)(b)
|
|
|
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit
Risk Trust, 2022-HQA3 M1B (30 Day Average SOFR + 3.550%)
|
7.247%
|
8/25/42
|
1,320,000
|
1,373,511
(a)(b)
|
|
|
Federal Home Loan Mortgage Corp. (FHLMC) REMIC, Structured Agency Credit
Risk Trust, 2023-DNA2 M1B (30 Day Average SOFR + 3.250%)
|
6.947%
|
4/25/43
|
1,590,000
|
1,658,194
(a)(b)
|
|
|
Federal National Mortgage Association (FNMA) — CAS, 2022-R02 2M2 (30 Day
Average SOFR + 3.000%)
|
6.697%
|
1/25/42
|
598,290
|
608,443
(a)(b)
|
|
|
Federal National Mortgage Association (FNMA) — CAS, 2023-R03 2M2 (30 Day
Average SOFR + 3.900%)
|
7.597%
|
4/25/43
|
1,180,000
|
1,244,754
(a)(b)
|
|
|
Federal National Mortgage Association (FNMA) REMIC, 2019-66 KZ
|
3.000%
|
11/25/49
|
437,897
|
384,865
|
|
|
Federal National Mortgage Association (FNMA) STRIPS, 445 F7 (30 Day Average
SOFR + 1.300%)
|
4.997%
|
3/25/55
|
1,639,016
|
1,655,871
(b)
|
|
|
TRTX Issuer Ltd., 2025-FL6 C (1 mo. Term SOFR + 2.396%)
|
6.071%
|
9/18/42
|
1,190,000
|
1,178,793
(a)(b)
|
|
|
Velocity Commercial Capital Loan Trust, 2025-5 M1
|
5.940%
|
12/25/55
|
496,723
|
500,811
(a)(b)
|
|
|
|
|||||
|
Total Collateralized Mortgage Obligations (Cost — $14,471,113)
|
14,454,514
|
||||
|
Mortgage-Backed Securities — 2.7%
|
|||||
|
GNMA — 2.7%
|
|||||
|
Government National Mortgage Association (GNMA) II
(Cost — $1,425,498)
|
6.000%
|
11/20/53-
12/20/54
|
1,409,462
|
1,449,633
|
|
|
Security
|
|
Rate
|
Maturity
Date
|
Face
Amount
|
Value
|
|
|
|||||
|
Senior Loans — 0.4%
|
|||||
|
Information Technology — 0.4%
|
|||||
|
Communications Equipment — 0.4%
|
|||||
|
Connect US Finco LLC, Amendment No. 4 Term Loan (1 mo. Term SOFR + 4.500%)
(Cost — $195,981)
|
8.172%
|
9/27/29
|
$198,987
|
$198,739
(b)(f)(g)
|
|
|
Total Investments before Short-Term Investments (Cost — $51,378,854)
|
51,140,887
|
||||
|
|
|
|
|
Shares
|
|
|
Short-Term Investments — 0.4%
|
|||||
|
Western Asset Premier Institutional U.S. Treasury Reserves, Premium Shares
(Cost — $197,088)
|
3.587%
|
|
197,088
|
197,088
(h)(i)
|
|
|
Total Investments — 95.5% (Cost — $51,575,942)
|
51,337,975
|
||||
|
Other Assets in Excess of Liabilities — 4.5%
|
2,440,994
|
||||
|
Total Net Assets — 100.0%
|
$53,778,969
|
||||
|
††
|
Represents less than 0.1%.
|
|
*
|
Non-income producing security.
|
|
(a)
|
Security is exempt from registration under Rule 144A of the Securities Act of 1933.
This security may be resold in transactions that are exempt from
registration, normally to qualified institutional buyers. This security has been deemed
liquid pursuant to guidelines approved by the Board of Trustees.
|
|
(b)
|
Variable rate security. Interest rate disclosed is as of the most recent information
available. Certain variable rate securities are not based on a published
reference rate and spread but are determined by the issuer or agent and are based
on current market conditions. These securities do not indicate a
reference rate and spread in their description above.
|
|
(c)
|
The coupon payment on this security is currently in default as of January 31, 2026.
|
|
(d)
|
Security has no maturity date. The date shown represents the next call date.
|
|
(e)
|
Collateralized mortgage obligations are secured by an underlying pool of mortgages
or mortgage pass-through certificates that are structured to direct
payments on underlying collateral to different series or classes of the obligations.
The interest rate may change positively or inversely in relation to one or
more interest rates, financial indices or other financial indicators and may be subject
to an upper and/or lower limit.
|
|
(f)
|
Interest rates disclosed represent the effective rates on senior loans. Ranges in
interest rates are attributable to multiple contracts under the same loan.
|
|
(g)
|
Senior loans may be considered restricted in that the Fund ordinarily is contractually
obligated to receive approval from the agent bank and/or borrower
prior to the disposition of a senior loan.
|
|
(h)
|
Rate shown is one-day yield as of the end of the reporting period.
|
|
(i)
|
In this instance, as defined in the Investment Company Act of 1940, an “Affiliated Company” represents Fund ownership of at least 5% of the outstanding
voting securities of an issuer, or a company which is under common ownership or control
with the Fund. At January 31, 2026, the total market value of
investments in Affiliated Companies was $197,088 and the cost was $197,088 (Note 2).
|
|
Abbreviation(s) used in this schedule:
|
||
|
CAS
|
—
|
Connecticut Avenue Securities
|
|
CLO
|
—
|
Collateralized Loan Obligation
|
|
DAC
|
—
|
Designated Activity Company
|
|
REMIC
|
—
|
Real Estate Mortgage Investment Conduit
|
|
SOFR
|
—
|
Secured Overnight Financing Rate
|
|
STRIPS
|
—
|
Separate Trading of Registered Interest and Principal Securities
|
|
ASSETS
|
||||
|
Description
|
Quoted Prices
(Level 1)
|
Other Significant
Observable Inputs
(Level 2)
|
Significant
Unobservable
Inputs
(Level 3)
|
Total
|
|
Long-Term Investments†:
|
|
|
|
|
|
Asset-Backed Securities
|
—
|
$19,109,296
|
—
|
$19,109,296
|
|
Corporate Bonds & Notes
|
—
|
15,928,705
|
—
|
15,928,705
|
|
Collateralized Mortgage Obligations
|
—
|
14,454,514
|
—
|
14,454,514
|
|
Mortgage-Backed Securities
|
—
|
1,449,633
|
—
|
1,449,633
|
|
Senior Loans
|
—
|
198,739
|
—
|
198,739
|
|
Total Long-Term Investments
|
—
|
51,140,887
|
—
|
51,140,887
|
|
Short-Term Investments†
|
$197,088
|
—
|
—
|
197,088
|
|
Total Investments
|
$197,088
|
$51,140,887
|
—
|
$51,337,975
|
|
†
|
See Schedule of Investments for additional detailed categorizations.
|
|
|
Affiliate
Value at
October 31, 2025
|
Purchased
|
Sold
|
||
|
Cost
|
Shares
|
Proceeds
|
Shares
|
||
|
Western Asset Premier
Institutional U.S.
Treasury Reserves,
Premium Shares
|
$3,075,192
|
$11,990,156
|
11,990,156
|
$14,868,260
|
14,868,260
|
|
(cont’d)
|
Realized
Gain (Loss)
|
Dividend
Income
|
Net Increase
(Decrease) in
Unrealized
Appreciation
(Depreciation)
|
Affiliate
Value at
January 31,
2026
|
|
Western Asset Premier
Institutional U.S. Treasury
Reserves, Premium Shares
|
—
|
$25,928
|
—
|
$197,088
|