| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Long-Term Investments 99.5% | |||||
| Asset-Backed Securities 23.1% | |||||
| Automobiles 0.6% | |||||
| Avis Budget Rental Car Funding AESOP LLC, | |||||
| Series 2020-02A, Class A, 144A | 2.020 % | 02/20/27 | 167 | $166,470 | |
| Series 2023-04A, Class A, 144A | 5.490 | 06/20/29 | 16,800 | 17,245,511 | |
| Bayview Opportunity Master Fund VII Trust, Series 2024-CAR1F, Class A, 144A | 6.971 | 07/29/32 | 593 | 594,166 | |
| Ford Credit Auto Owner Trust, | |||||
| Series 2021-01, Class C, 144A | 1.910 | 10/17/33 | 1,400 | 1,392,508 | |
| Series 2023-01, Class C, 144A | 5.580 | 08/15/35 | 4,412 | 4,511,165 | |
| OneMain Direct Auto Receivables Trust, | |||||
| Series 2019-01A, Class B, 144A | 3.950 | 11/14/28 | 735 | 734,374 | |
| Series 2023-01A, Class B, 144A | 5.810 | 02/14/31 | 7,700 | 7,892,389 | |
| Series 2023-01A, Class C, 144A | 6.140 | 02/14/31 | 3,400 | 3,491,723 | |
| Series 2025-01A, Class A, 144A | 5.360 | 04/16/35 | 9,700 | 10,016,262 | |
| Santander Bank Auto Credit-Linked Notes, Series 2024-A, Class C, 144A | 5.818 | 06/15/32 | 2,019 | 2,046,641 | |
| 48,091,209 | |||||
| Collateralized Loan Obligations 18.4% | |||||
| AGL CLO Ltd. (Cayman Islands), Series 2021-15A, Class A1R, 144A, 3 Month SOFR + 1.200% (Cap N/A, Floor 1.200%) | 4.871(c) | 01/20/39 | 10,000 | 10,002,740 | |
| Anchorage Capital CLO Ltd. (Cayman Islands), Series 2022-24A, Class A1R, 144A, 3 Month SOFR + 1.430% (Cap N/A, Floor 1.430%) | 5.102(c) | 07/15/37 | 15,000 | 15,050,593 | |
| Anchorage Capital Europe CLO DAC (Ireland), Series 06A, Class ARR, 144A, 3 Month EURIBOR + 1.350% (Cap N/A, Floor 1.350%) | 3.377(c) | 10/22/38 | EUR | 13,000 | 15,434,914 |
| Aurium CLO DAC (Ireland), | |||||
| Series 08A, Class AR, 144A, 3 Month EURIBOR + 1.320% (Cap N/A, Floor 1.320%) | 3.333(c) | 10/16/38 | EUR | 13,000 | 15,474,276 |
| Series 08A, Class BR, 144A, 3 Month EURIBOR + 1.850% (Cap N/A, Floor 1.850%) | 3.863(c) | 10/16/38 | EUR | 18,218 | 21,750,894 |
| Avoca Capital CLO Ltd. (Ireland), Series 10A, Class B1RR, 144A, 3 Month EURIBOR + 1.350% (Cap N/A, Floor 1.350%) | 3.366(c) | 04/15/35 | EUR | 8,500 | 10,043,133 |
| Avoca CLO DAC (Ireland), Series 11A, Class ARRR, 144A, 3 Month EURIBOR + 1.290% (Cap N/A, Floor 1.290%) | 3.306(c) | 10/15/38 | EUR | 25,000 | 29,661,834 |
| Bain Capital Credit CLO Ltd. (United Kingdom), Series 2022-04A, Class A1R, 144A, 3 Month SOFR + 1.380% (Cap N/A, Floor 1.380%) | 5.051(c) | 10/16/37 | 15,000 | 15,055,165 | |
| Battalion CLO Ltd. (Cayman Islands), Series 2021-17A, Class A1R, 144A, 3 Month SOFR + 1.300% (Cap N/A, Floor 1.300%) | 4.968(c) | 03/09/34 | 15,000 | 15,014,932 | |
| Benefit Street Partners CLO Ltd. (Cayman Islands), Series 2020-21A, Class A1R2, 144A, 3 Month SOFR + 1.240% (Cap N/A, Floor 1.240%) | 4.912(c) | 01/15/39 | 15,250 | 15,315,224 | |
| Birch Grove CLO Ltd. (United Kingdom), Series 2023-07A, Class A1R, 144A, 3 Month SOFR + 1.260% (Cap N/A, Floor 1.260%) | 4.928(c) | 10/20/38 | 7,500 | 7,525,703 | |
| BlueMountain CLO Ltd. (Cayman Islands), Series 2020-30A, Class AR2, 144A, 3 Month SOFR + 1.150% (Cap N/A, Floor 1.150%) | 4.822(c) | 04/15/35 | 9,500 | 9,508,635 | |
| BNPP AM Euro CLO DAC (Ireland), Series 2018-01A, Class AR, 144A, 3 Month EURIBOR + 0.600% (Cap N/A, Floor 0.600%) | 2.616(c) | 04/15/31 | EUR | 6,452 | 7,623,157 |
| Capital Four CLO DAC (Ireland), Series 06A, Class AR, 144A, 3 Month EURIBOR + 1.270% (Cap N/A, Floor 1.270%) | 3.374(c) | 01/25/38 | EUR | 25,500 | 30,241,478 |
| Carlyle Euro CLO DAC (Ireland), Series 2019-01A, Class A2RA, 144A, 3 Month EURIBOR + 1.650% (Cap N/A, Floor 1.650%) | 3.750(c) | 03/15/32 | EUR | 17,450 | 20,726,899 |
| Carlyle US CLO Ltd. (Cayman Islands), Series 2017-03A, Class A1R2, 144A, 3 Month SOFR + 1.400% (Cap N/A, Floor 1.400%) | 5.070(c) | 10/21/37 | 8,000 | 8,031,348 | |
| CarVal CLO Ltd. (United Kingdom), Series 2023-01A, Class A1R, 144A, 3 Month SOFR + 1.440% (Cap N/A, Floor 1.440%) | 5.108(c) | 07/20/37 | 22,000 | 22,077,000 | |
| CBAM Ltd. (Cayman Islands), Series 2018-05A, Class BR, 144A, 3 Month SOFR + 1.700% (Cap N/A, Floor 1.700%) | 5.812(c) | 10/17/38 | 17,500 | 17,547,266 | |
| CIFC Funding Ltd. (Cayman Islands), | |||||
| Series 2017-01A, Class ARR, 144A, 3 Month SOFR + 1.550% (Cap N/A, Floor 1.550%) | 5.220(c) | 04/21/37 | 8,670 | 8,689,413 | |
| Series 2023-01A, Class A1R, 144A, 3 Month SOFR + 1.240% (Cap N/A, Floor 1.240%) | 4.912(c) | 10/15/38 | 7,500 | 7,529,580 | |
| Contego CLO DAC (Ireland), Series 05A, Class AR, 144A, 3 Month EURIBOR + 1.200% (Cap N/A, Floor 1.200%) | 3.216(c) | 10/15/37 | EUR | 15,200 | 18,109,484 |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Asset-Backed Securities (Continued) | |||||
| Collateralized Loan Obligations (cont’d.) | |||||
| Crown City CLO (Cayman Islands), Series 2020-02A, Class A1AR, 144A, 3 Month SOFR + 1.340% (Cap N/A, Floor 1.340%) | 5.010 %(c) | 04/20/35 | 8,750 | $8,760,094 | |
| CVC Cordatus Loan Fund DAC (Ireland), | |||||
| Series 08A, Class A1RR, 144A, 3 Month EURIBOR + 0.850% (Cap N/A, Floor 0.850%) | 2.866(c) | 07/15/34 | EUR | 6,500 | 7,685,512 |
| Series 14A, Class A1R, 144A, 3 Month EURIBOR + 0.850% (Cap N/A, Floor 0.850%) | 2.904(c) | 05/22/32 | EUR | 2,186 | 2,591,692 |
| Elevation CLO Ltd. (Cayman Islands), Series 2021-13A, Class BR, 144A, 3 Month SOFR + 1.600% (Cap N/A, Floor 1.600%) | 5.272(c) | 07/15/34 | 14,000 | 14,029,945 | |
| Elmwood CLO Ltd. (Cayman Islands), | |||||
| Series 2019-02A, Class BRR, 144A, 3 Month SOFR + 1.700% (Cap N/A, Floor 1.700%) | 5.368(c) | 10/20/37 | 10,000 | 10,067,415 | |
| Series 2025-03A, Class A, 144A, 3 Month SOFR + 1.240% (Cap N/A, Floor 1.240%) | 4.908(c) | 03/22/38 | 35,000 | 35,130,270 | |
| Series 2025-05A, Class A, 144A, 3 Month SOFR + 1.350% (Cap N/A, Floor 1.350%) | 5.018(c) | 03/31/38 | 17,500 | 17,599,750 | |
| Elmwood CLO Ltd., Series 2020-03A, Class ARR, 144A, 3 Month SOFR + 1.380% (Cap N/A, Floor 1.380%) | 5.048(c) | 07/18/37 | 20,250 | 20,328,501 | |
| Gallatin CLO Ltd. (Bermuda), Series 2024-01A, Class A1, 144A, 3 Month SOFR + 1.480% (Cap N/A, Floor 1.480%) | 5.148(c) | 10/20/37 | 11,500 | 11,543,791 | |
| Generate CLO Ltd. (Cayman Islands), Series 08A, Class BR2, 144A, 3 Month SOFR + 1.750% (Cap N/A, Floor 1.750%) | 5.418(c) | 01/20/38 | 20,000 | 20,076,762 | |
| Golub Capital Partners CLO, Series 2023-70A, Class A1R, 144A, 3 Month SOFR + 1.120% (Cap N/A, Floor 1.120%) | 4.788(c) | 10/25/37 | 20,000 | 20,035,720 | |
| Golub Capital Partners CLO Ltd. (Cayman Islands), Series 2017-19RA, Class A1R3, 144A, 3 Month SOFR + 1.150% (Cap N/A, Floor 1.150%) | 5.037(c) | 10/20/36 | 9,500 | 9,518,867 | |
| Greywolf CLO Ltd. (Cayman Islands), Series 2018-02A, Class A1, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.442%) | 5.109(c) | 10/20/31 | 10 | 9,812 | |
| Harvest CLO DAC (Ireland), Series 32A, Class A, 144A, 3 Month EURIBOR + 1.450% (Cap N/A, Floor 1.450%) | 3.480(c) | 07/25/37 | EUR | 36,250 | 43,011,906 |
| Henley CLO DAC (Ireland), | |||||
| Series 03A, Class AR, 144A, 3 Month EURIBOR + 0.970% (Cap N/A, Floor 0.970%) | 3.000(c) | 12/25/35 | EUR | 3,250 | 3,857,385 |
| Series 11A, Class A, 144A, 3 Month EURIBOR + 1.200% (Cap N/A, Floor 1.200%) | 3.230(c) | 04/25/39 | EUR | 12,000 | 14,207,128 |
| Series 14A, Class A, 144A, 3 Month EURIBOR + 1.330% (Cap N/A, Floor 1.330%) | 3.360(c) | 03/25/38 | EUR | 21,500 | 25,563,086 |
| HPS Loan Management Ltd., Series 2025-26A, Class A1, 144A, 3 Month SOFR + 1.320% (Cap N/A, Floor 1.320%) | 4.988(c) | 07/20/38 | 20,000 | 20,107,700 | |
| ICG Euro CLO DAC (Ireland), Series 2023-01A, Class AR, 144A, 3 Month EURIBOR + 1.250% (Cap N/A, Floor 1.250%) | 3.276(c) | 10/19/38 | EUR | 31,000 | 36,748,621 |
| Invesco Euro CLO DAC (Ireland), Series 01A, Class A1R, 144A, 3 Month EURIBOR + 0.650% (Cap N/A, Floor 0.650%) | 2.666(c) | 07/15/31 | EUR | 4,169 | 4,939,025 |
| Kings Park CLO Ltd. (Cayman Islands), Series 2021-01A, Class A1R, 144A, 3 Month SOFR + 1.200% (Cap N/A, Floor 1.200%) | 4.870(c) | 01/21/39 | 6,500 | 6,522,105 | |
| KKR CLO Ltd. (Cayman Islands), Series 11, Class AR, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.442%) | 5.114(c) | 01/15/31 | 88 | 88,202 | |
| Madison Park Funding Ltd. (Cayman Islands), | |||||
| Series 2018-28A, Class BR, 144A, 3 Month SOFR + 1.700% (Cap N/A, Floor 1.700%) | 5.372(c) | 01/15/38 | 25,000 | 25,174,660 | |
| Series 2021-59A, Class A1R, 144A, 3 Month SOFR + 1.500% (Cap N/A, Floor 1.500%) | 5.168(c) | 04/18/37 | 40,250 | 40,374,815 | |
| Series 2022-57A, Class A1R, 144A, 3 Month SOFR + 1.280% (Cap N/A, Floor 1.280%) | 4.950(c) | 07/27/34 | 18,000 | 18,017,584 | |
| Magnetite Ltd. (Cayman Islands), Series 2024-42A, Class A1, 144A, 3 Month SOFR + 1.310% (Cap N/A, Floor 1.310%) | 4.978(c) | 01/25/38 | 27,000 | 27,123,374 | |
| Marble Point CLO Ltd. (Cayman Islands), Series 2022-02A, Class A1RR, 144A, 3 Month SOFR + 1.190% (Cap N/A, Floor 1.190%) | 4.858(c) | 10/20/36 | 10,000 | 10,027,937 | |
| Market Street CLO Ltd. (Cayman Islands), Series 2025-02A, Class A1, 144A, 3 Month SOFR + 1.330% (Cap N/A, Floor 1.330%) | 5.214(c) | 03/20/38 | 13,500 | 13,557,120 | |
| Menlo CLO Ltd., Series 2025-03A, Class A, 144A, 3 Month SOFR + 1.300% (Cap N/A, Floor 1.300%) | 5.194(c) | 10/16/38 | 10,500 | 10,553,508 | |
| Monument CLO DAC (Ireland), | |||||
| Series 01A, Class A, 144A, 3 Month EURIBOR + 1.590% (Cap N/A, Floor 1.590%) | 3.654(c) | 05/15/37 | EUR | 35,000 | 41,576,261 |
| Series 03A, Class A, 144A, 3 Month EURIBOR + 1.380% (Cap N/A, Floor 1.380%) | 3.396(c) | 04/15/38 | EUR | 22,000 | 26,157,785 |
| Mountain View CLO Ltd. (Cayman Islands), Series 2013-01A, Class ARR, 144A, 3 Month SOFR + 1.262% (Cap N/A, Floor 1.000%) | 4.911(c) | 10/12/30 | 626 | 626,189 | |
| Nassau Euro CLO DAC (Ireland), Series 04A, Class A1, 144A, 3 Month EURIBOR + 1.490% (Cap N/A, Floor 1.490%) | 3.516(c) | 07/20/38 | EUR | 23,800 | 28,219,810 |
| NGC Euro CLO DAC (Ireland), Series 05A, Class A, 144A, 3 Month EURIBOR + 1.220% (Cap N/A, Floor 1.220%) | 3.236(c) | 01/15/39 | EUR | 10,000 | 11,835,732 |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Asset-Backed Securities (Continued) | |||||
| Collateralized Loan Obligations (cont’d.) | |||||
| Northwoods Capital Ltd. (Cayman Islands), | |||||
| Series 2017-15A, Class A1R3, 144A, 3 Month SOFR + 1.310% (Cap N/A, Floor 1.310%) | 5.047 %(c) | 03/20/38 | 18,500 | $18,526,325 | |
| Series 2018-11BA, Class A1R, 144A, 3 Month SOFR + 1.450% (Cap N/A, Floor 1.450%) | 5.118(c) | 07/19/37 | 15,000 | 15,053,307 | |
| Obra CLO Ltd. (Cayman Islands), Series 2024-01A, Class A1, 144A, 3 Month SOFR + 1.480% (Cap N/A, Floor 1.480%) | 5.148(c) | 01/20/38 | 16,000 | 16,061,890 | |
| Octagon Alto Ltd. (Cayman Islands), Series 2023-01A, Class A1R, 144A, 3 Month SOFR + 1.140% (Cap N/A, Floor 1.140%) | 4.808(c) | 10/20/36 | 14,250 | 14,279,925 | |
| Octagon Ltd. (Cayman Islands), Series 2022-01A, Class A1R, 144A, 3 Month SOFR + 1.260% (Cap N/A, Floor 1.260%) | 4.930(c) | 07/21/35 | 7,000 | 7,024,477 | |
| OFSI BSL Ltd. (Cayman Islands), Series 2018-01A, Class AR, 144A, 3 Month SOFR + 1.190% (Cap N/A, Floor 1.190%) | 4.862(c) | 07/15/31 | 1,642 | 1,642,643 | |
| Park Avenue Institutional Advisers CLO Ltd. (Cayman Islands), | |||||
| Series 2019-02A, Class A1R, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.180%) | 5.114(c) | 10/15/34 | 15,000 | 15,000,000 | |
| Series 2019-02A, Class A1RR, 144A, 3 Month SOFR + 1.050% (Cap N/A, Floor 1.050%) | 0.010(c) | 10/15/34 | 10,000 | 10,003,000 | |
| Pikes Peak CLO (Cayman Islands), Series 2025-18A, Class A1, 144A, 3 Month SOFR + 1.220% (Cap N/A, Floor 1.220%) | 4.888(c) | 04/20/38 | 6,500 | 6,522,098 | |
| Ravensdale Park CLO DAC (Ireland), Series 01A, Class A, 144A, 3 Month EURIBOR + 1.170% (Cap N/A, Floor 1.170%) | 3.200(c) | 04/25/38 | EUR | 16,500 | 19,565,754 |
| Regatta Funding Ltd. (Cayman Islands), Series 2017-01A, Class A1R, 144A, 3 Month SOFR + 1.550% (Cap N/A, Floor 1.550%) | 5.218(c) | 04/17/37 | 29,000 | 29,066,584 | |
| Rockford Tower Europe CLO DAC (Ireland), | |||||
| Series 2024-01A, Class A, 144A, 3 Month EURIBOR + 1.300% (Cap N/A, Floor 1.300%) | 3.316(c) | 07/15/38 | EUR | 16,000 | 18,972,143 |
| Series 2025-01A, Class A, 144A, 3 Month EURIBOR + 1.220% (Cap N/A, Floor 1.220%) | 3.250(c) | 10/25/37 | EUR | 25,260 | 30,029,533 |
| Shackleton CLO Ltd. (Cayman Islands), Series 2014-05RA, Class A, 144A, 3 Month SOFR + 1.362% (Cap N/A, Floor 0.262%) | 5.231(c) | 05/07/31 | 78 | 77,583 | |
| Signal Harmonic CLO DAC (Ireland), Series 03A, Class A, 144A, 3 Month EURIBOR + 1.370% (Cap N/A, Floor 1.370%) | 3.434(c) | 11/15/38 | EUR | 9,000 | 10,707,558 |
| Signal Peak CLO Ltd. (Cayman Islands), Series 2020-08A, Class A1R, 144A, 3 Month SOFR + 1.390% (Cap N/A, Floor 1.390%) | 5.058(c) | 10/20/37 | 8,000 | 8,028,495 | |
| Silver Rock CLO Ltd. (Cayman Islands), Series 2020-01A, Class A1RR, 144A, 3 Month SOFR + 1.420% (Cap N/A, Floor 1.420%) | 5.088(c) | 10/20/37 | 10,000 | 10,038,940 | |
| Sixth Street CLO Ltd. (Cayman Islands), Series 2018-12A, Class A1R2, 144A, 3 Month SOFR + 1.200% (Cap N/A, Floor 1.200%) | 4.868(c) | 01/17/39 | 9,500 | 9,529,648 | |
| Sona Fios CLO DAC (Ireland), | |||||
| Series 02A, Class A1, 144A, 3 Month EURIBOR + 1.550% (Cap N/A, Floor 1.550%) | 3.614(c) | 02/15/37 | EUR | 9,400 | 11,146,262 |
| Series 05A, Class A, 144A, 3 Month EURIBOR + 1.340% (Cap N/A, Floor 1.340%) | 3.372(c) | 08/25/38 | EUR | 9,000 | 10,689,486 |
| Sound Point Euro CLO Funding DAC (Ireland), Series 04A, Class AR, 144A, 3 Month EURIBOR + 1.180% (Cap N/A, Floor 1.180%) | 3.196(c) | 04/15/39 | EUR | 19,600 | 23,373,145 |
| St. Pauls CLO (Netherlands), Series 09A, Class A1R, 144A, 3 Month EURIBOR + 0.940% (Cap N/A, Floor 0.940%) | 2.966(c) | 07/20/35 | EUR | 14,000 | 16,566,886 |
| St. Paul’s CLO DAC (Ireland), | |||||
| Series 04A, Class ARR1, 144A, 3 Month EURIBOR + 0.830% (Cap N/A, Floor 0.830%) | 2.860(c) | 04/25/30 | EUR | 4,866 | 5,756,365 |
| Series 05A, Class ARR, 144A, 3 Month EURIBOR + 0.710% (Cap N/A, Floor 0.710%) | 2.761(c) | 02/20/30 | EUR | 17,151 | 20,309,903 |
| TCW CLO Ltd. (Cayman Islands), Series 2020-01A, Class A1R3, 144A, 3 Month SOFR + 1.050% (Cap N/A, Floor 0.000%) | 4.718(c) | 04/20/34 | 25,000 | 25,021,495 | |
| Tikehau CLO DAC (Ireland), Series 11A, Class AR, 144A, 3 Month EURIBOR + 1.390% (Cap N/A, Floor 1.390%) | 3.406(c) | 01/15/38 | EUR | 15,000 | 17,830,781 |
| Tikehau US CLO Ltd. (Bermuda), | |||||
| Series 2022-02A, Class A1R, 144A, 3 Month SOFR + 1.870% (Cap N/A, Floor 1.870%) | 5.538(c) | 01/20/36 | 25,000 | 25,020,787 | |
| Series 2023-01A, Class A1R, 144A, 3 Month SOFR + 1.400% (Cap N/A, Floor 1.400%) | 5.072(c) | 03/15/38 | 21,500 | 21,627,983 | |
| Series 2023-02A, Class A1, 144A, 3 Month SOFR + 1.950% (Cap N/A, Floor 1.950%) | 5.622(c) | 01/15/36 | 14,000 | 14,018,217 | |
| Toro European CLO DAC (Ireland), Series 10A, Class A, 144A, 3 Month EURIBOR + 1.250% (Cap N/A, Floor 1.250%) | 3.266(c) | 04/15/38 | EUR | 27,500 | 32,519,674 |
| Trinitas Euro CLO DAC (Ireland), Series 06A, Class BR, 144A, 3 Month EURIBOR + 1.800% (Cap N/A, Floor 1.800%) | 3.816(c) | 01/15/39 | EUR | 7,500 | 8,930,131 |
| Venture CLO Ltd. (Cayman Islands), | |||||
| Series 2014-19A, Class ARR, 144A, 3 Month SOFR + 1.522% (Cap N/A, Floor 1.260%) | 5.194(c) | 01/15/32 | 810 | 810,364 | |
| Series 2017-28AA, Class A1RR, 144A, 3 Month SOFR + 1.110% (Cap N/A, Floor 1.110%) | 4.778(c) | 10/20/34 | 25,000 | 25,025,887 | |
| 1,404,859,001 | |||||
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Asset-Backed Securities (Continued) | |||||
| Consumer Loans 1.2% | |||||
| Affirm Asset Securitization Trust, | |||||
| Series 2024-A, Class 1C, 144A | 6.160 % | 02/15/29 | 500 | $500,806 | |
| Series 2024-B, Class B, 144A | 4.880 | 09/15/29 | 2,000 | 2,004,653 | |
| Series 2024-B, Class C, 144A | 5.060 | 09/15/29 | 1,500 | 1,503,118 | |
| Affirm Master Trust, | |||||
| Series 2025-01A, Class A, 144A | 4.990 | 02/15/33 | 14,100 | 14,241,833 | |
| Series 2025-01A, Class B, 144A | 5.130 | 02/15/33 | 3,900 | 3,930,181 | |
| Series 2025-01A, Class C, 144A | 5.280 | 02/15/33 | 6,400 | 6,451,385 | |
| Series 2025-03A, Class A, 144A | 4.450 | 10/16/34 | 9,600 | 9,616,304 | |
| GreenSky Home Improvement Trust, | |||||
| Series 2024-01, Class A3, 144A | 5.550 | 06/25/59 | 500 | 512,170 | |
| Series 2024-01, Class A4, 144A | 5.670 | 06/25/59 | 660 | 675,867 | |
| Island Finance Trust, Series 2025-01A, Class A, 144A | 6.540 | 03/19/35 | 5,250 | 5,316,926 | |
| Lending Funding Trust, Series 2020-02A, Class A, 144A | 2.320 | 04/21/31 | 413 | 408,183 | |
| Lendmark Funding Trust, Series 2021-01A, Class A, 144A | 1.900 | 11/20/31 | 5,000 | 4,883,047 | |
| OneMain Financial Issuance Trust, | |||||
| Series 2020-02A, Class A, 144A | 1.750 | 09/14/35 | 1,698 | 1,673,008 | |
| Series 2022-02A, Class D, 144A | 6.550 | 10/14/34 | 6,870 | 6,906,086 | |
| Series 2023-01A, Class A, 144A | 5.500 | 06/14/38 | 12,200 | 12,569,627 | |
| Series 2023-01A, Class D, 144A | 7.490 | 06/14/38 | 100 | 105,582 | |
| Regional Management Issuance Trust, Series 2022-01, Class A, 144A | 3.070 | 03/15/32 | 157 | 157,247 | |
| Sotheby’s Artfi Master Trust, Series 2026-01A, Class A1, 144A | 4.800 | 06/20/33 | 7,800 | 7,802,438 | |
| Stream Innovations Issuer Trust, | |||||
| Series 2024-02A, Class A, 144A | 5.210 | 02/15/45 | 5,201 | 5,259,753 | |
| Series 2025-01A, Class A, 144A | 5.050 | 09/15/45 | 6,832 | 6,896,887 | |
| 91,415,101 | |||||
| Equipment 0.1% | |||||
| MetroNet Infrastructure Issuer LLC, Series 2025-02A, Class A2, 144A | 5.400 | 08/20/55 | 10,700 | 10,858,711 | |
| Home Equity Loans 2.0% | |||||
| Bear Stearns Asset-Backed Securities Trust, Series 2003-02, Class A31 Month SOFR + 1.614% (Cap 11.000%, Floor 1.500%) | 5.287(c) | 03/25/43 | 104 | 104,907 | |
| BRAVO Residential Funding Trust, | |||||
| Series 2024-CES01, Class A1A, 144A | 6.377(cc) | 04/25/54 | 311 | 315,038 | |
| Series 2025-CES02, Class A1, 144A | 4.960(cc) | 07/26/55 | 6,955 | 6,972,767 | |
| COOPR Residential Mortgage Trust, Series 2025-CES03, Class A1A, 144A | 4.840(cc) | 09/25/60 | 11,980 | 12,000,447 | |
| EFMT, Series 2025-CES04, Class A1, 144A | 5.431(cc) | 06/25/60 | 6,347 | 6,407,706 | |
| GS Mortgage Backed Securities Trust, Series 2025-CES01, Class A1A, 144A | 5.568(cc) | 05/25/55 | 6,223 | 6,289,843 | |
| GS Mortgage-Backed Securities Trust, Series 2024-HE02, Class A1, 144A, 30 Day Average SOFR + 1.500% (Cap N/A, Floor 1.500%) | 5.197(c) | 01/25/55 | 4,504 | 4,518,291 | |
| JPMorgan Mortgage Trust, | |||||
| Series 2023-HE02, Class A1, 144A, 30 Day Average SOFR + 1.700% (Cap N/A, Floor 0.000%) | 5.402(c) | 03/20/54 | 220 | 221,199 | |
| Series 2023-HE03, Class A1, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 0.000%) | 5.303(c) | 05/20/54 | 213 | 213,427 | |
| Series 2024-HE02, Class A1, 144A, 30 Day Average SOFR + 1.200% (Cap N/A, Floor 0.000%) | 4.902(c) | 10/20/54 | 428 | 428,658 | |
| Morgan Stanley ABS Capital I, Inc. Trust, Series 2003-HE03, Class A31 Month SOFR + 1.154% (Cap N/A, Floor 1.040%) | 4.827(c) | 10/25/33 | 1,054 | 1,057,770 | |
| OBX Trust, Series 2025-HE01, Class A1, 144A, 30 Day Average SOFR + 1.600% (Cap N/A, Floor 0.000%) | 5.297(c) | 02/25/55 | 9,097 | 9,142,334 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Asset-Backed Securities (Continued) | |||||
| Home Equity Loans (cont’d.) | |||||
| RCKT Mortgage Trust, | |||||
| Series 2024-CES01, Class A1A, 144A | 6.025 %(cc) | 02/25/44 | 963 | $971,829 | |
| Series 2024-CES05, Class A1A, 144A | 5.846(cc) | 08/25/44 | 1,277 | 1,292,280 | |
| Series 2024-CES06, Class A1A, 144A | 5.344(cc) | 09/25/44 | 6,336 | 6,373,149 | |
| Series 2024-CES07, Class A1A, 144A | 5.158(cc) | 10/25/44 | 3,669 | 3,685,276 | |
| Series 2024-CES09, Class A1A, 144A | 5.582(cc) | 12/25/44 | 4,724 | 4,775,479 | |
| Series 2025-CES01, Class A1A, 144A | 5.653(cc) | 01/25/45 | 5,602 | 5,669,173 | |
| Series 2025-CES03, Class A1A, 144A | 5.553(cc) | 03/25/55 | 7,745 | 7,835,731 | |
| Series 2025-CES06, Class A1A, 144A | 5.472(cc) | 06/25/55 | 13,222 | 13,369,770 | |
| Series 2025-CES07, Class A1A, 144A | 5.377(cc) | 07/25/55 | 7,953 | 8,034,677 | |
| Series 2025-CES09, Class A1A, 144A | 4.795(cc) | 09/25/55 | 6,445 | 6,450,060 | |
| Towd Point Mortgage Trust, | |||||
| Series 2023-CES02, Class A1A, 144A | 7.294(cc) | 10/25/63 | 1,224 | 1,238,840 | |
| Series 2024-CES01, Class A1A, 144A | 5.848(cc) | 01/25/64 | 607 | 611,036 | |
| Series 2024-CES02, Class A1A, 144A | 6.125(cc) | 02/25/64 | 521 | 525,666 | |
| Series 2024-CES03, Class A1, 144A | 6.290(cc) | 05/25/64 | 1,955 | 1,979,658 | |
| Series 2024-CES05, Class A1, 144A | 5.167(cc) | 09/25/64 | 7,434 | 7,452,792 | |
| Series 2024-CES05, Class A2, 144A | 5.202(cc) | 09/25/64 | 4,350 | 4,361,373 | |
| Series 2025-CES01, Class A1, 144A | 5.705(cc) | 02/25/55 | 6,601 | 6,676,063 | |
| Series 2025-CES02, Class A1, 144A | 5.348(cc) | 07/25/65 | 6,945 | 6,995,777 | |
| Series 2025-CRM01, Class A1, 144A | 5.799(cc) | 01/25/65 | 6,062 | 6,134,916 | |
| Series 2025-FIX01, Class A1, 144A | 4.968(cc) | 09/25/65 | 9,224 | 9,235,542 | |
| 151,341,474 | |||||
| Other 0.8% | |||||
| Capital Street Master Trust, Series 2024-01, Class A, 144A, 30 Day Average SOFR + 1.350% (Cap N/A, Floor 1.350%) | 5.057(c) | 10/16/28 | 7,200 | 7,199,978 | |
| GoodLeap Home Improvement Solutions Trust, Series 2025-01A, Class A, 144A | 5.380 | 02/20/49 | 9,818 | 9,953,829 | |
| GoodLeap Sustainable Home Solutions Trust, Series 2024-01GS, Class A, 144A | 6.250 | 06/20/57 | 2,412 | 2,346,030 | |
| Invitation Homes Trust, Series 2024-SFR01, Class C, 144A | 4.250 | 09/17/41 | 5,700 | 5,572,245 | |
| PK Alift Loan Funding 7 LP, Series 2025-02, Class A, 144A | 4.750 | 03/15/43 | 6,710 | 6,712,432 | |
| PMT Issuer Trust - FMSR, Series 2024-FT01, Class A, 144A, 1 Month SOFR + 2.750% (Cap N/A, Floor 2.750%) | 6.423(c) | 12/25/27 | 6,000 | 6,044,251 | |
| Sunrun Bacchus Issuer LLC, Series 2025-01A, Class A1, 144A | 5.990 | 04/30/60 | 4,715 | 4,721,390 | |
| Sunrun Vesta Issuer LLC, | |||||
| Series 2024-03A, Class A1, 144A | 5.490 | 10/30/59 | 1,517 | 1,481,961 | |
| Series 2024-03A, Class A2, 144A | 5.880 | 10/30/59 | 6,389 | 6,159,240 | |
| Tesla Sustainable Energy Trust, Series 2024-01A, Class A2, 144A | 5.080 | 06/21/50 | 7,952 | 7,979,364 | |
| 58,170,720 | |||||
| Residential Mortgage-Backed Securities 0.0% | |||||
| Countrywide Asset-Backed Certificates, Series 2003-BC02, Class 2A11 Month SOFR + 0.714% (Cap 13.875%, Floor 0.600%) | 4.387(c) | 06/25/33 | 11 | 10,787 | |
| Countrywide Asset-Backed Certificates Trust, Series 2004-04, Class 1A1 Month SOFR + 0.534% (Cap N/A, Floor 0.420%) | 4.207(c) | 08/25/34 | 1,045 | 1,030,400 | |
| LSF11 Boson Investments Sarl Compartment 2 (Spain), Series 2021-NPLA, Class A1, 144A, 3 Month EURIBOR + 2.000% (Cap N/A, Floor 0.000%) | 4.047(c) | 11/25/60 | EUR | 177 | 210,378 |
| TFS (Spain), | |||||
| Series 2018-03^ | 0.000(s) | 04/16/40 | EUR | —(r) | 1 |
| Series 2018-03, Class A1, 1 Month EURIBOR + 3.250%^ | 5.185(c) | 03/15/26 | EUR | 611 | 543,081 |
| 1,794,647 | |||||
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Asset-Backed Securities (Continued) | |||||
| Student Loans 0.0% | |||||
| Laurel Road Prime Student Loan Trust, | |||||
| Series 2018-A, Class A, 144A | 0.000 % | 02/25/43 | 1,440 | $187,989 | |
| Series 2018-C, Class A, 144A | 0.000(cc) | 08/25/43 | 301 | 287,860 | |
| Series 2018-D, Class A, 144A | 0.000(cc) | 11/25/43 | 564 | 539,131 | |
| Series 2019-A, Class R, 144A | 0.000 | 10/25/48 | 731 | 324,628 | |
| 1,339,608 | |||||
| Total Asset-Backed Securities (cost $1,718,903,093) | 1,767,870,471 | ||||
| Commercial Mortgage-Backed Securities 7.5% | |||||
| Arbor Multifamily Mortgage Securities Trust, Series 2021-MF02, Class A4, 144A | 2.252 | 06/15/54 | 9,000 | 8,098,001 | |
| BANK, | |||||
| Series 2017-BNK06, Class A4 | 3.254 | 07/15/60 | 208 | 205,369 | |
| Series 2018-BN10, Class A4 | 3.428 | 02/15/61 | 4,532 | 4,475,982 | |
| Series 2019-BN17, Class A3 | 3.456 | 04/15/52 | 4,106 | 4,025,209 | |
| Series 2019-BN18, Class A3 | 3.325 | 05/15/62 | 1,800 | 1,744,823 | |
| Series 2019-BN24, Class A2 | 2.707 | 11/15/62 | 3,465 | 3,279,510 | |
| Series 2020-BN25, Class A3 | 2.391 | 01/15/63 | 2,883 | 2,836,780 | |
| Series 2020-BN29, Class A3 | 1.742 | 11/15/53 | 1,965 | 1,753,198 | |
| Series 2021-BN33, Class A4 | 2.270 | 05/15/64 | 10,400 | 9,465,189 | |
| Barclays Commercial Mortgage Securities Trust, | |||||
| Series 2019-C05, Class A3 | 2.805 | 11/15/52 | 6,100 | 5,846,447 | |
| Series 2023-C20, Class A2 | 6.383(cc) | 07/15/56 | 3,473 | 3,594,219 | |
| Series 2023-C21, Class A2 | 6.296(cc) | 09/15/56 | 6,158 | 6,450,423 | |
| Series 2024-05C29, Class XA, IO | 1.581(cc) | 09/15/57 | 106,196 | 5,332,120 | |
| Series 2025-5C36, Class A3 | 5.517 | 08/15/58 | 9,350 | 9,749,979 | |
| BBCCRE Trust, Series 2015-GTP, Class A, 144A | 3.966 | 08/10/33 | 6,465 | 6,098,065 | |
| Benchmark Mortgage Trust, | |||||
| Series 2018-B08, Class A4 | 3.963 | 01/15/52 | 780 | 775,100 | |
| Series 2019-B10, Class A3 | 3.455 | 03/15/62 | 3,055 | 2,987,341 | |
| Series 2020-B17, Class A4 | 2.042 | 03/15/53 | 3,400 | 3,113,390 | |
| Series 2020-B20, Class A3 | 1.945 | 10/15/53 | 10,000 | 9,441,553 | |
| Series 2020-B21, Class A4 | 1.704 | 12/17/53 | 2,000 | 1,802,896 | |
| Series 2020-B22, Class XB, IO, 144A | 0.993(cc) | 01/15/54 | 62,848 | 2,496,015 | |
| Series 2021-B26, Class A4 | 2.295 | 06/15/54 | 10,600 | 9,663,673 | |
| Series 2023-V02, Class A3 | 5.812(cc) | 05/15/55 | 15,500 | 16,004,376 | |
| Series 2023-V03, Class A3 | 6.363(cc) | 07/15/56 | 15,000 | 15,690,015 | |
| BFLD Mortgage Trust, | |||||
| Series 2024-VICT, Class A, 144A, 1 Month SOFR + 1.890% (Cap N/A, Floor 1.890%) | 5.570(c) | 07/15/41 | 3,500 | 3,515,313 | |
| Series 2024-WRHS, Class A, 144A, 1 Month SOFR + 1.492% (Cap N/A, Floor 1.492%) | 5.172(c) | 07/15/39 | 2,596 | 2,597,214 | |
| BMO Mortgage Trust, | |||||
| Series 2023-05C1, Class A3 | 6.534(cc) | 08/15/56 | 13,000 | 13,593,668 | |
| Series 2023-C05, Class A2 | 6.518 | 06/15/56 | 10,792 | 11,099,383 | |
| Series 2023-C06, Class A2 | 6.644(cc) | 09/15/56 | 11,726 | 12,285,094 | |
| Series 2024-C08, Class XB, IO | 0.794(cc) | 03/15/57 | 50,000 | 2,729,840 | |
| BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class A, 144A, 1 Month SOFR + 1.600% (Cap N/A, Floor 1.600%) | 5.280(c) | 12/15/42 | 12,600 | 12,678,750 | |
| BPR Commercial Mortgage Trust, Series 2024-PARK, Class A, 144A | 5.392(cc) | 11/05/39 | 3,500 | 3,570,995 | |
| BX Commercial Mortgage Trust, | |||||
| Series 2021-CIP, Class A, 144A, 1 Month SOFR + 1.035% (Cap N/A, Floor 0.921%) | 4.715(c) | 12/15/38 | 5,014 | 5,013,977 | |
| Series 2024-AIRC, Class A, 144A, 1 Month SOFR + 1.691% (Cap N/A, Floor 1.691%) | 5.371(c) | 08/15/41 | 7,545 | 7,561,590 | |
| Series 2025-BCAT, Class A, 144A, 1 Month SOFR + 1.380% (Cap N/A, Floor 1.380%) | 5.060(c) | 08/15/42 | 13,033 | 13,048,965 | |
| BX Trust, | |||||
| Series 2021-LGCY, Class B, 144A, 1 Month SOFR + 0.969% (Cap N/A, Floor 0.855%) | 4.649(c) | 10/15/36 | 9,580 | 9,574,013 | |
| Series 2021-LGCY, Class F, 144A, 1 Month SOFR + 2.063% (Cap N/A, Floor 1.949%) | 5.743(c) | 10/15/36 | 11,000 | 10,989,688 | |
| Series 2022-VAMF, Class E, 144A, 1 Month SOFR + 2.700% (Cap N/A, Floor 2.700%) | 6.380(c) | 01/15/39 | 5,700 | 5,692,911 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Commercial Mortgage-Backed Securities (Continued) | |||||
| BX Trust, (cont’d.) | |||||
| Series 2025-ARIA, Class A, 144A | 5.031 %(cc) | 12/13/42 | 14,350 | $14,593,674 | |
| Series 2025-DIME, Class C, 144A, 1 Month SOFR + 1.750% (Cap N/A, Floor 1.750%) | 5.430(c) | 02/15/35 | 10,550 | 10,530,249 | |
| Series 2025-ROIC, Class A, 144A, 1 Month SOFR + 1.144% (Cap N/A, Floor 1.144%) | 4.824(c) | 03/15/30 | 17,286 | 17,301,719 | |
| BXMT Ltd. (Cayman Islands), Series 2025-FL05, Class A, 144A, 1 Month SOFR + 1.639% (Cap N/A, Floor 1.639%) | 5.314(c) | 10/18/42 | 6,515 | 6,523,040 | |
| CD Mortgage Trust, | |||||
| Series 2017-CD04, Class A3 | 3.248 | 05/10/50 | 496 | 491,118 | |
| Series 2017-CD05, Class A3 | 3.171 | 08/15/50 | 795 | 783,212 | |
| Series 2017-CD06, Class A4 | 3.190 | 11/13/50 | 1,570 | 1,549,502 | |
| CFCRE Commercial Mortgage Trust, Series 2016-C07, Class A2 | 3.585 | 12/10/54 | 1,584 | 1,572,485 | |
| Citigroup Commercial Mortgage Trust, | |||||
| Series 2016-C02, Class A3 | 2.575 | 08/10/49 | 2,333 | 2,324,904 | |
| Series 2017-C04, Class A3 | 3.209 | 10/12/50 | 957 | 945,986 | |
| Series 2017-P07, Class XC, IO | 0.326(cc) | 04/14/50 | 16,000 | 46,000 | |
| Series 2018-C06, Class A3 | 4.145 | 11/10/51 | 4,866 | 4,863,321 | |
| Series 2019-GC43, Class A3 | 2.782 | 11/10/52 | 9,741 | 9,161,046 | |
| Commercial Mortgage Trust, | |||||
| Series 2014-CR15, Class XB, IO, 144A | 0.012(cc) | 02/10/47 | 109,018 | 33 | |
| Series 2016-COR01, Class A3 | 2.826 | 10/10/49 | 642 | 638,112 | |
| Series 2017-COR02, Class A2 | 3.239 | 09/10/50 | 9,978 | 9,890,635 | |
| Series 2024-277P, Class A, 144A | 6.338 | 08/10/44 | 2,800 | 2,949,833 | |
| Series 2024-277P, Class X, IO, 144A | 0.661(cc) | 08/10/44 | 9,200 | 214,955 | |
| Credit Suisse Mortgage Trust, Series 2016-NXSR, Class A4 | 3.795(cc) | 12/15/49 | 3,077 | 3,061,606 | |
| CSAIL Commercial Mortgage Trust, | |||||
| Series 2018-CX12, Class A3 | 3.959 | 08/15/51 | 14,324 | 14,271,355 | |
| Series 2019-C15, Class A3 | 3.779 | 03/15/52 | 5,972 | 5,869,590 | |
| Deutsche Bank Commercial Mortgage Trust, | |||||
| Series 2016-C03, Class A4 | 2.632 | 08/10/49 | 284 | 282,779 | |
| Series 2017-C06, Class A4 | 3.071 | 06/10/50 | 450 | 442,205 | |
| FHLMC Multifamily Structured Pass-Through Certificates, | |||||
| Series K069, Class X1, IO | 0.340(cc) | 09/25/27 | 6,109 | 29,588 | |
| Series K090, Class X1, IO | 0.706(cc) | 02/25/29 | 97,061 | 1,922,449 | |
| Series K093, Class X1, IO | 0.937(cc) | 05/25/29 | 12,024 | 310,841 | |
| Series K101, Class X1, IO | 0.826(cc) | 10/25/29 | 18,408 | 490,179 | |
| Series K122, Class X1, IO | 0.867(cc) | 11/25/30 | 36,721 | 1,263,983 | |
| Series K1513, Class X1, IO | 0.850(cc) | 08/25/34 | 30,333 | 1,502,250 | |
| Series K735, Class X1, IO | 0.958(cc) | 05/25/26 | 6,327 | 9,958 | |
| Series Q001, Class XA, IO | 2.060(cc) | 02/25/32 | 11,633 | 667,739 | |
| GS Mortgage Securities Corp. Trust, Series 2024-RVR, Class A, 144A | 5.372(cc) | 08/10/41 | 12,200 | 12,365,482 | |
| GS Mortgage Securities Trust, | |||||
| Series 2017-GS06, Class A2 | 3.164 | 05/10/50 | 762 | 753,062 | |
| Series 2017-GS07, Class A3 | 3.167 | 08/10/50 | 1,180 | 1,167,621 | |
| Series 2017-GS08, Class A3 | 3.205 | 11/10/50 | 1,400 | 1,381,912 | |
| Series 2019-GC38, Class A3 | 3.703 | 02/10/52 | 6,950 | 6,858,693 | |
| JPMDB Commercial Mortgage Securities Trust, | |||||
| Series 2017-C05, Class A4 | 3.414 | 03/15/50 | 2,458 | 2,433,993 | |
| Series 2017-C07, Class A4 | 3.147 | 10/15/50 | 1,023 | 1,008,296 | |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2018-AON, Class E, 144A | 4.613(cc) | 07/05/31 | 2,310 | 421,552 | |
| MHP, Series 2022-MHIL, Class E, 144A, 1 Month SOFR + 2.611% (Cap N/A, Floor 2.611%) | 6.291(c) | 01/15/39 | 2,560 | 2,560,800 | |
| Morgan Stanley Bank of America Merrill Lynch Trust, | |||||
| Series 2016-C30, Class A4 | 2.600 | 09/15/49 | 3,524 | 3,511,742 | |
| Series 2017-C33, Class A4 | 3.337 | 05/15/50 | 1,200 | 1,189,992 | |
| Morgan Stanley Capital I Trust, | |||||
| Series 2017-H01, Class A4 | 3.259 | 06/15/50 | 1,100 | 1,090,437 | |
| Series 2017-HR02, Class A3 | 3.330 | 12/15/50 | 1,980 | 1,949,812 | |
| Series 2018-H04, Class A3 | 4.043 | 12/15/51 | 1,324 | 1,314,289 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Commercial Mortgage-Backed Securities (Continued) | |||||
| Morgan Stanley Capital I Trust, (cont’d.) | |||||
| Series 2019-H06, Class A3 | 3.158 % | 06/15/52 | 1,351 | $1,308,639 | |
| Series 2021-L07, Class A4 | 2.322 | 10/15/54 | 11,000 | 9,850,784 | |
| MSWF Commercial Mortgage Trust, Series 2023-01, Class A2 | 6.451 | 05/15/56 | 21,000 | 21,868,115 | |
| Natixis Commercial Mortgage Securities Trust, Series 2019-LVL, Class A, 144A | 3.885 | 08/15/38 | 4,750 | 4,647,401 | |
| New York City Housing Development Corp., Series 2024-08SPR, Class A | 5.458 | 12/15/43 | 15,150 | 15,469,501 | |
| NRTH Commercial Mortgage Trust, Series 2025-PARK, Class A, 144A, 1 Month SOFR + 1.393% (Cap N/A, Floor 1.393%) | 5.073(c) | 10/15/40 | 14,400 | 14,445,000 | |
| ONE Mortgage Trust, Series 2021-PARK, Class D, 144A, 1 Month SOFR + 1.614% (Cap N/A, Floor 1.500%) | 5.294(c) | 03/15/36 | 5,000 | 4,990,279 | |
| ROCK Trust, | |||||
| Series 2024-CNTR, Class C, 144A | 6.471 | 11/13/41 | 3,400 | 3,537,841 | |
| Series 2024-CNTR, Class D, 144A | 7.109 | 11/13/41 | 7,820 | 8,238,833 | |
| Salus European Loan Conduit DAC (United Kingdom), Series 33A, Class A, 144A, SONIA + 2.169% (Cap N/A, Floor 1.500%) | 5.911(c) | 01/23/32 | GBP | 7,846 | 10,869,602 |
| TCO Commercial Mortgage Trust, Series 2024-DPM, Class A, 144A, 1 Month SOFR + 1.243% (Cap N/A, Floor 1.243%) | 4.923(c) | 12/15/39 | 7,960 | 7,979,900 | |
| UBS Commercial Mortgage Trust, | |||||
| Series 2017-C02, Class A3 | 3.225 | 08/15/50 | 369 | 365,520 | |
| Series 2017-C07, Class A3 | 3.418 | 12/15/50 | 1,406 | 1,390,995 | |
| Series 2018-C08, Class A3 | 3.720 | 02/15/51 | 2,160 | 2,137,890 | |
| Series 2018-C10, Class A3 | 4.048 | 05/15/51 | 1,196 | 1,192,829 | |
| Series 2018-C14, Class A3 | 4.180 | 12/15/51 | 2,353 | 2,353,672 | |
| WCORE Commercial Mortgage Trust, Series 2024-CORE, Class A, 144A, 1 Month SOFR + 1.492% (Cap N/A, Floor 1.492%) | 5.172(c) | 11/15/41 | 17,390 | 17,417,172 | |
| Wells Fargo Commercial Mortgage Trust, | |||||
| Series 2016-LC24, Class A3 | 2.684 | 10/15/49 | 1,097 | 1,089,764 | |
| Series 2017-C39, Class A4 | 3.157 | 09/15/50 | 1,384 | 1,362,815 | |
| Series 2017-C40, Class A3 | 3.317 | 10/15/50 | 350 | 345,622 | |
| Series 2017-RB01, Class A4 | 3.374 | 03/15/50 | 610 | 604,851 | |
| Series 2018-C43, Class XB, IO | 0.301(cc) | 03/15/51 | 51,500 | 356,040 | |
| Series 2018-C46, Class XB, IO | 0.355(cc) | 08/15/51 | 104,789 | 918,182 | |
| Series 2020-C56, Class A4 | 2.194 | 06/15/53 | 2,876 | 2,686,407 | |
| Series 2021-FCMT, Class E, 144A, 1 Month SOFR + 4.614% (Cap N/A, Floor 4.500%) | 8.295(c) | 05/15/31 | 7,000 | 7,005,476 | |
| Series 2025-5C6, Class A3 | 5.186 | 10/15/58 | 19,295 | 19,858,615 | |
| WEST Trust, Series 2025-ROSE, Class A, 144A | 5.275(cc) | 04/10/35 | 8,080 | 8,200,778 | |
| Total Commercial Mortgage-Backed Securities (cost $576,620,871) | 571,885,626 | ||||
| Corporate Bonds 25.1% | |||||
| Aerospace & Defense 0.8% | |||||
| Boeing Co. (The), | |||||
| Sr. Unsec’d. Notes | 2.196 | 02/04/26 | 40,513 | 40,513,000 | |
| Sr. Unsec’d. Notes | 2.250 | 06/15/26 | 80 | 79,466 | |
| Sr. Unsec’d. Notes | 2.750 | 02/01/26 | 90 | 90,000 | |
| Sr. Unsec’d. Notes | 3.250 | 02/01/28 | 9,944 | 9,796,485 | |
| Sr. Unsec’d. Notes | 3.625 | 02/01/31 | 3,940 | 3,797,713 | |
| Sr. Unsec’d. Notes(a) | 6.298 | 05/01/29 | 2,225 | 2,363,437 | |
| Bombardier, Inc. (Canada), | |||||
| Sr. Unsec’d. Notes, 144A | 6.000 | 02/15/28 | 1,959 | 1,961,449 | |
| Sr. Unsec’d. Notes, 144A | 7.500 | 02/01/29 | 100 | 103,750 | |
| L3Harris Technologies, Inc., Sr. Unsec’d. Notes | 4.400 | 06/15/28 | 50 | 50,358 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Aerospace & Defense (cont’d.) | |||||
| RTX Corp., | |||||
| Sr. Unsec’d. Notes | 3.125 % | 05/04/27 | 20 | $19,814 | |
| Sr. Unsec’d. Notes | 7.200 | 08/15/27 | 30 | 31,457 | |
| 58,806,929 | |||||
| Agriculture 0.3% | |||||
| BAT Capital Corp. (United Kingdom), | |||||
| Gtd. Notes | 2.259 | 03/25/28 | 140 | 134,866 | |
| Gtd. Notes(a) | 5.350 | 08/15/32 | 5,925 | 6,146,944 | |
| BAT International Finance PLC (United Kingdom), Gtd. Notes | 4.448 | 03/16/28 | 70 | 70,508 | |
| Cargill, Inc., Sr. Unsec’d. Notes, 144A, MTN | 7.410 | 06/18/27 | 1,773 | 1,840,302 | |
| Imperial Brands Finance PLC (United Kingdom), | |||||
| Gtd. Notes, 144A | 3.875 | 07/26/29 | 1,655 | 1,626,454 | |
| Gtd. Notes, 144A, MTN | 5.500 | 02/01/30 | 4,515 | 4,679,794 | |
| Philip Morris International, Inc., Sr. Unsec’d. Notes(h) | 4.250 | 10/29/32 | 5,710 | 5,615,761 | |
| 20,114,629 | |||||
| Airlines 0.4% | |||||
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., Sr. Sec’d. Notes, 144A(a) | 5.750 | 04/20/29 | 1,400 | 1,413,563 | |
| Delta Air Lines, Inc./SkyMiles IP Ltd., Sr. Sec’d. Notes, 144A | 4.750 | 10/20/28 | 21,801 | 21,920,117 | |
| Southwest Airlines Co., Sr. Unsec’d. Notes | 5.125 | 06/15/27 | 3,365 | 3,405,805 | |
| United Airlines 2014-1 Class A Pass-Through Trust, Pass-Through Certificates | 4.000 | 10/11/27 | 69 | 68,592 | |
| United Airlines Holdings, Inc., Gtd. Notes | 5.375 | 03/01/31 | 3,125 | 3,156,701 | |
| United Airlines, Inc., | |||||
| Sr. Sec’d. Notes, 144A | 4.375 | 04/15/26 | 2,370 | 2,368,259 | |
| Sr. Sec’d. Notes, 144A | 4.625 | 04/15/29 | 749 | 748,265 | |
| 33,081,302 | |||||
| Apparel 0.1% | |||||
| Gildan Activewear, Inc. (Canada), Gtd. Notes, 144A | 4.700 | 10/07/30 | 1,970 | 1,962,690 | |
| Kontoor Brands, Inc., Gtd. Notes, 144A | 4.125 | 11/15/29 | 7,408 | 7,027,372 | |
| 8,990,062 | |||||
| Auto Manufacturers 1.2% | |||||
| Ford Motor Credit Co. LLC, | |||||
| Sr. Unsec’d. Notes | 2.700 | 08/10/26 | 12,800 | 12,694,643 | |
| Sr. Unsec’d. Notes | 2.900 | 02/16/28 | 575 | 556,463 | |
| Sr. Unsec’d. Notes | 3.625 | 06/17/31 | 7,385 | 6,823,533 | |
| Sr. Unsec’d. Notes | 4.950 | 05/28/27 | 3,000 | 3,017,151 | |
| Sr. Unsec’d. Notes(a) | 5.113 | 05/03/29 | 6,800 | 6,853,014 | |
| Sr. Unsec’d. Notes | 6.800 | 05/12/28 | 3,050 | 3,190,848 | |
| Sr. Unsec’d. Notes | 6.950 | 03/06/26 | 1,275 | 1,275,264 | |
| General Motors Financial Co., Inc., | |||||
| Gtd. Notes | 3.850 | 01/05/28 | 35 | 34,898 | |
| Sr. Unsec’d. Notes | 1.500 | 06/10/26 | 335 | 332,113 | |
| Sr. Unsec’d. Notes | 2.400 | 04/10/28 | 6,635 | 6,401,742 | |
| Sr. Unsec’d. Notes | 5.000 | 04/09/27 | 70 | 70,687 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Auto Manufacturers (cont’d.) | |||||
| General Motors Financial Co., Inc., (cont’d.) | |||||
| Sr. Unsec’d. Notes | 5.050 % | 04/04/28 | 7,036 | $7,173,529 | |
| Sr. Unsec’d. Notes | 5.350 | 07/15/27 | 1,177 | 1,197,663 | |
| Sr. Unsec’d. Notes | 5.400 | 04/06/26 | 335 | 335,862 | |
| Hyundai Capital America, | |||||
| Sr. Unsec’d. Notes, 144A | 2.100 | 09/15/28 | 6,130 | 5,812,970 | |
| Sr. Unsec’d. Notes, 144A | 2.375 | 10/15/27 | 55 | 53,464 | |
| Sr. Unsec’d. Notes, 144A | 3.500 | 11/02/26 | 105 | 104,455 | |
| Sr. Unsec’d. Notes, 144A | 4.550 | 09/26/29 | 4,180 | 4,210,381 | |
| Sr. Unsec’d. Notes, 144A | 5.600 | 03/30/28 | 30 | 30,849 | |
| Sr. Unsec’d. Notes, 144A, MTN | 1.500 | 06/15/26 | 25 | 24,748 | |
| Sr. Unsec’d. Notes, 144A, MTN | 1.800 | 01/10/28 | 15 | 14,353 | |
| Sr. Unsec’d. Notes, 144A, MTN | 2.000 | 06/15/28 | 30 | 28,519 | |
| Nissan Motor Acceptance Co. LLC, Sr. Unsec’d. Notes, 144A, MTN | 5.300 | 09/13/27 | 7,365 | 7,383,872 | |
| Stellantis Finance US, Inc., | |||||
| Gtd. Notes, 144A | 2.691 | 09/15/31 | 2,815 | 2,477,930 | |
| Gtd. Notes, 144A(a) | 5.750 | 03/18/30 | 1,180 | 1,216,425 | |
| Volkswagen Group of America Finance LLC (Germany), | |||||
| Gtd. Notes, 144A | 4.950 | 08/15/29 | 5,520 | 5,598,525 | |
| Gtd. Notes, 144A | 5.050 | 03/27/28 | 15,570 | 15,785,275 | |
| 92,699,176 | |||||
| Auto Parts & Equipment 0.1% | |||||
| Aptiv Swiss Holdings Ltd., Gtd. Notes | 6.875(ff) | 12/15/54 | 440 | 455,261 | |
| Clarios Global LP/Clarios US Finance Co., Sr. Sec’d. Notes, 144A | 6.750 | 02/15/30 | 500 | 522,350 | |
| Phinia, Inc., Sr. Sec’d. Notes, 144A | 6.750 | 04/15/29 | 755 | 781,633 | |
| Qnity Electronics, Inc., Sr. Sec’d. Notes, 144A | 5.750 | 08/15/32 | 1,215 | 1,237,151 | |
| Tenneco, Inc., Sr. Sec’d. Notes, 144A | 8.000 | 11/17/28 | 7,100 | 7,139,400 | |
| 10,135,795 | |||||
| Banks 5.9% | |||||
| Banco do Brasil SA (Brazil), Sr. Unsec’d. Notes, 144A(a) | 4.875 | 01/11/29 | 850 | 847,450 | |
| Banco Santander SA (Spain), | |||||
| Sr. Non-Preferred Notes | 5.538(ff) | 03/14/30 | 2,800 | 2,899,050 | |
| Sr. Non-Preferred Notes | 5.552(ff) | 03/14/28 | 13,600 | 13,807,452 | |
| Bank Negara Indonesia Persero Tbk PT (Indonesia), Sub. Notes, EMTN | 3.750 | 03/30/26 | 17,155 | 17,112,112 | |
| Bank of America Corp., | |||||
| Sr. Unsec’d. Notes | 2.687(ff) | 04/22/32 | 2,780 | 2,549,023 | |
| Sr. Unsec’d. Notes, GMTN | 3.593(ff) | 07/21/28 | 530 | 526,752 | |
| Sr. Unsec’d. Notes, MTN | 1.898(ff) | 07/23/31 | 1,665 | 1,498,311 | |
| Sr. Unsec’d. Notes, MTN | 2.496(ff) | 02/13/31 | 7,530 | 7,017,495 | |
| Sr. Unsec’d. Notes, MTN | 3.194(ff) | 07/23/30 | 1,350 | 1,305,541 | |
| Sr. Unsec’d. Notes, MTN | 3.824(ff) | 01/20/28 | 675 | 673,912 | |
| Sr. Unsec’d. Notes, MTN | 4.271(ff) | 07/23/29 | 2,325 | 2,335,010 | |
| Sr. Unsec’d. Notes, Series N | 2.651(ff) | 03/11/32 | 8,620 | 7,908,009 | |
| Sub. Notes, MTN | 4.450 | 03/03/26 | 6,500 | 6,501,841 | |
| Bank of New York Mellon Corp. (The), Jr. Sub. Notes, Series F | 4.625(ff) | 09/20/26(oo) | 125 | 124,435 | |
| Barclays PLC (United Kingdom), | |||||
| Sr. Unsec’d. Notes | 2.279(ff) | 11/24/27 | 335 | 330,139 | |
| Sr. Unsec’d. Notes | 4.476(ff) | 11/11/29 | 9,645 | 9,694,744 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Banks (cont’d.) | |||||
| Barclays PLC (United Kingdom), (cont’d.) | |||||
| Sr. Unsec’d. Notes | 4.837 %(ff) | 09/10/28 | 11,045 | $11,165,870 | |
| Sr. Unsec’d. Notes | 5.086(ff) | 02/25/29 | 3,155 | 3,213,810 | |
| BNP Paribas SA (France), | |||||
| Sr. Non-Preferred Notes, 144A | 2.871(ff) | 04/19/32 | 4,415 | 4,031,437 | |
| Sr. Non-Preferred Notes, 144A, MTN | 3.500 | 11/16/27 | 4,255 | 4,209,500 | |
| Sr. Preferred Notes, 144A | 5.176(ff) | 01/09/30 | 5,230 | 5,357,874 | |
| Cassa Depositi e Prestiti SpA (Italy), | |||||
| Sr. Unsec’d. Notes, 144A | 4.375 | 10/01/30 | 1,800 | 1,794,724 | |
| Sr. Unsec’d. Notes, 144A | 5.750 | 05/05/26 | 6,201 | 6,225,092 | |
| Sr. Unsec’d. Notes, 144A | 5.875 | 04/30/29 | 1,200 | 1,259,875 | |
| Citigroup, Inc., | |||||
| Jr. Sub. Notes, Series EE | 6.750(ff) | 02/15/30(oo) | 4,075 | 4,148,555 | |
| Jr. Sub. Notes, Series GG | 6.875(ff) | 08/15/30(oo) | 10,441 | 10,669,289 | |
| Jr. Sub. Notes, Series X | 3.875(ff) | 02/18/26(oo) | 6,615 | 6,606,766 | |
| Sr. Unsec’d. Notes | 2.561(ff) | 05/01/32 | 2,685 | 2,434,272 | |
| Sr. Unsec’d. Notes | 2.666(ff) | 01/29/31 | 1,415 | 1,325,478 | |
| Sr. Unsec’d. Notes | 3.200 | 10/21/26 | 1,695 | 1,687,121 | |
| Sr. Unsec’d. Notes(a) | 3.980(ff) | 03/20/30 | 1,085 | 1,076,329 | |
| Sr. Unsec’d. Notes | 4.542(ff) | 09/19/30 | 24,120 | 24,325,274 | |
| Sub. Notes | 4.450 | 09/29/27 | 6,500 | 6,543,154 | |
| Sub. Notes | 4.600 | 03/09/26 | 165 | 165,075 | |
| Credit Agricole SA (France), Sr. Non-Preferred Notes, 144A | 5.230(ff) | 01/09/29 | 12,850 | 13,102,258 | |
| Deutsche Bank AG (Germany), | |||||
| Sr. Non-Preferred Notes | 4.950(ff) | 08/04/31 | 23,485 | 23,725,416 | |
| Sr. Non-Preferred Notes | 5.297(ff) | 05/09/31 | 6,625 | 6,780,008 | |
| Goldman Sachs Group, Inc. (The), | |||||
| Jr. Sub. Notes, Series V | 4.125(ff) | 11/10/26(oo) | 3,095 | 3,069,990 | |
| Sr. Unsec’d. Notes | 2.383(ff) | 07/21/32 | 9,335 | 8,348,542 | |
| Sr. Unsec’d. Notes | 2.615(ff) | 04/22/32 | 2,640 | 2,403,580 | |
| Sr. Unsec’d. Notes | 3.814(ff) | 04/23/29 | 275 | 273,289 | |
| Sr. Unsec’d. Notes | 3.850 | 01/26/27 | 800 | 800,057 | |
| Sr. Unsec’d. Notes | 4.223(ff) | 05/01/29 | 1,075 | 1,077,231 | |
| Sr. Unsec’d. Notes | 4.369(ff) | 10/21/31 | 4,140 | 4,117,878 | |
| Sr. Unsec’d. Notes | 4.692(ff) | 10/23/30 | 7,200 | 7,299,028 | |
| Sr. Unsec’d. Notes(a) | 6.484(ff) | 10/24/29 | 8,600 | 9,104,354 | |
| Hamburg Commercial Bank AG (Germany), Sub. Notes, EMTN, SOFR + 0.667% | 4.350(c) | 03/21/31 | 5,000 | 4,817,429 | |
| ING Groep NV (Netherlands), Sr. Unsec’d. Notes | 4.858(ff) | 03/25/29 | 7,285 | 7,394,818 | |
| JPMorgan Chase & Co., | |||||
| Jr. Sub. Notes, Series II, 3 Month SOFR + 2.745% | 6.406(c) | 04/01/26(oo) | 4,510 | 4,526,422 | |
| Sr. Unsec’d. Notes | 2.069(ff) | 06/01/29 | 6,015 | 5,751,340 | |
| Sr. Unsec’d. Notes | 3.509(ff) | 01/23/29 | 375 | 371,359 | |
| Sr. Unsec’d. Notes | 3.782(ff) | 02/01/28 | 4,500 | 4,491,046 | |
| Sr. Unsec’d. Notes | 4.005(ff) | 04/23/29 | 1,550 | 1,548,676 | |
| Sr. Unsec’d. Notes | 4.452(ff) | 12/05/29 | 6,920 | 6,985,836 | |
| Sr. Unsec’d. Notes | 5.581(ff) | 04/22/30 | 5,985 | 6,235,380 | |
| KBC Group NV (Belgium), Sr. Unsec’d. Notes, 144A | 4.932(ff) | 10/16/30 | 5,005 | 5,098,189 | |
| KeyCorp, Sr. Unsec’d. Notes, MTN(a) | 2.550 | 10/01/29 | 2,460 | 2,327,797 | |
| Lloyds Banking Group PLC (United Kingdom), Sr. Unsec’d. Notes | 3.750 | 01/11/27 | 800 | 799,478 | |
| Mitsubishi UFJ Financial Group, Inc. (Japan), Sr. Unsec’d. Notes | 2.309(ff) | 07/20/32 | 6,285 | 5,606,275 | |
| Morgan Stanley, | |||||
| Sr. Unsec’d. Notes | 4.493(ff) | 01/16/32 | 20,910 | 20,893,557 | |
| Sr. Unsec’d. Notes(a) | 4.654(ff) | 10/18/30 | 4,955 | 5,015,681 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Banks (cont’d.) | |||||
| Morgan Stanley, (cont’d.) | |||||
| Sr. Unsec’d. Notes(a) | 5.192 %(ff) | 04/17/31 | 2,625 | $2,702,929 | |
| Sr. Unsec’d. Notes, GMTN | 2.239(ff) | 07/21/32 | 7,920 | 7,024,169 | |
| Sr. Unsec’d. Notes, GMTN | 3.772(ff) | 01/24/29 | 4,280 | 4,256,762 | |
| Sr. Unsec’d. Notes, GMTN | 4.431(ff) | 01/23/30 | 1,150 | 1,157,699 | |
| Sr. Unsec’d. Notes, MTN(a) | 1.794(ff) | 02/13/32 | 3,295 | 2,891,553 | |
| Sr. Unsec’d. Notes, MTN | 1.928(ff) | 04/28/32 | 3,905 | 3,430,726 | |
| Sr. Unsec’d. Notes, MTN | 2.511(ff) | 10/20/32 | 1,680 | 1,507,195 | |
| Sr. Unsec’d. Notes, MTN | 3.591(ff) | 07/22/28 | 640 | 635,823 | |
| Sub. Notes, GMTN | 4.350 | 09/08/26 | 5,505 | 5,516,098 | |
| Morgan Stanley Private Bank NA, Sr. Unsec’d. Notes | 4.734(ff) | 07/18/31 | 15,295 | 15,494,099 | |
| PNC Bank NA, Sub. Notes | 4.050 | 07/26/28 | 350 | 350,039 | |
| Rheinland-Pfalz Bank (Germany), Sub. Notes, 144A | 6.875(cc) | 02/23/28 | 10,000 | 10,446,779 | |
| Santander UK Group Holdings PLC (United Kingdom), Sr. Unsec’d. Notes | 1.673(ff) | 06/14/27 | 335 | 331,906 | |
| Societe Generale SA (France), | |||||
| Sr. Non-Preferred Notes, 144A, MTN | 5.250 | 02/19/27 | 8,055 | 8,144,460 | |
| Sr. Non-Preferred Notes, 144A, MTN | 5.500(ff) | 04/13/29 | 11,465 | 11,739,441 | |
| Truist Financial Corp., Sr. Unsec’d. Notes, MTN | 7.161(ff) | 10/30/29 | 3,365 | 3,622,034 | |
| UBS Group AG (Switzerland), Sr. Unsec’d. Notes, 144A | 3.091(ff) | 05/14/32 | 3,510 | 3,251,078 | |
| Wells Fargo & Co., | |||||
| Sr. Unsec’d. Notes | 6.303(ff) | 10/23/29 | 11,845 | 12,506,321 | |
| Sr. Unsec’d. Notes, MTN | 2.572(ff) | 02/11/31 | 2,575 | 2,405,221 | |
| Sr. Unsec’d. Notes, MTN | 5.707(ff) | 04/22/28 | 17,850 | 18,209,347 | |
| 448,959,364 | |||||
| Biotechnology 0.0% | |||||
| Amgen, Inc., | |||||
| Sr. Unsec’d. Notes | 2.200 | 02/21/27 | 30 | 29,486 | |
| Sr. Unsec’d. Notes | 5.150 | 03/02/28 | 335 | 342,894 | |
| 372,380 | |||||
| Building Materials 0.3% | |||||
| Camelot Return Merger Sub, Inc., Sr. Sec’d. Notes, 144A | 8.750 | 08/01/28 | 2,775 | 2,154,304 | |
| Cemex SAB de CV (Mexico), Gtd. Notes | 3.125 | 03/19/26 | EUR | 1,000 | 1,182,387 |
| JELD-WEN, Inc., Gtd. Notes, 144A | 4.875 | 12/15/27 | 2,239 | 1,966,685 | |
| Lennox International, Inc., Gtd. Notes | 1.700 | 08/01/27 | 30 | 29,013 | |
| Quikrete Holdings, Inc., Sr. Sec’d. Notes, 144A | 6.375 | 03/01/32 | 2,100 | 2,178,050 | |
| Standard Industries, Inc., | |||||
| Sr. Unsec’d. Notes, 144A | 4.375 | 07/15/30 | 4,527 | 4,371,796 | |
| Sr. Unsec’d. Notes, 144A | 4.750 | 01/15/28 | 2,000 | 1,990,744 | |
| Vulcan Materials Co., Sr. Unsec’d. Notes(a) | 4.950 | 12/01/29 | 7,580 | 7,775,443 | |
| 21,648,422 | |||||
| Chemicals 0.3% | |||||
| Braskem Netherlands Finance BV (Brazil), | |||||
| Gtd. Notes | 4.500 | 01/10/28 | 2,000 | 908,000 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Chemicals (cont’d.) | |||||
| Braskem Netherlands Finance BV (Brazil), (cont’d.) | |||||
| Gtd. Notes, 144A | 4.500 % | 01/10/28 | 900 | $408,600 | |
| Gtd. Notes, 144A | 4.500 | 01/31/30 | 1,457 | 618,788 | |
| Gtd. Notes, 144A | 8.500 | 01/12/31 | 6,121 | 2,616,727 | |
| Celanese US Holdings LLC, Gtd. Notes | 6.850 | 11/15/28 | 655 | 687,698 | |
| Nutrien Ltd. (Canada), Sr. Unsec’d. Notes | 4.900 | 03/27/28 | 335 | 340,705 | |
| OCP SA (Morocco), | |||||
| Sr. Unsec’d. Notes, 144A | 3.750 | 06/23/31 | 407 | 378,103 | |
| Sr. Unsec’d. Notes, 144A | 6.750 | 05/02/34 | 3,296 | 3,530,972 | |
| Olympus Water US Holding Corp., | |||||
| Sr. Sec’d. Notes, 144A | 7.250 | 06/15/31 | 4,600 | 4,715,754 | |
| Sr. Unsec’d. Notes, 144A | 6.250 | 10/01/29 | 1,000 | 982,591 | |
| Sasol Financing USA LLC (South Africa), | |||||
| Gtd. Notes | 4.375 | 09/18/26 | 1,020 | 1,011,508 | |
| Gtd. Notes | 6.500 | 09/27/28 | 600 | 596,436 | |
| Sherwin-Williams Co. (The), Sr. Unsec’d. Notes | 3.450 | 06/01/27 | 45 | 44,730 | |
| Syensqo Finance America LLC (Belgium), Gtd. Notes, 144A | 5.650 | 06/04/29 | 5,705 | 5,904,779 | |
| Yara International ASA (Brazil), Sr. Unsec’d. Notes, 144A | 3.800 | 06/06/26 | 335 | 333,225 | |
| 23,078,616 | |||||
| Coal 0.0% | |||||
| Coronado Finance Pty Ltd. (Australia), Sr. Sec’d. Notes, 144A | 9.250 | 10/01/29 | 2,725 | 2,575,125 | |
| Commercial Services 0.6% | |||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp., Sr. Unsec’d. Notes, 144A | 6.000 | 06/01/29 | 1,200 | 1,189,922 | |
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, | |||||
| Sr. Sec’d. Notes, 144A | 4.625 | 06/01/28 | 4,400 | 4,332,812 | |
| Sr. Sec’d. Notes, 144A | 4.625 | 06/01/28 | 1,925 | 1,901,784 | |
| Alta Equipment Group, Inc., Sec’d. Notes, 144A | 9.000 | 06/01/29 | 1,595 | 1,522,357 | |
| AMN Healthcare, Inc., Gtd. Notes, 144A(a) | 4.000 | 04/15/29 | 5,275 | 5,045,158 | |
| Brink’s Co. (The), Gtd. Notes, 144A | 4.625 | 10/15/27 | 2,246 | 2,243,415 | |
| DCLI Bidco LLC, Second Mortgage, 144A | 7.750 | 11/15/29 | 4,434 | 4,515,592 | |
| DP World Ltd. (United Arab Emirates), Sr. Unsec’d. Notes, 144A | 2.375 | 09/25/26 | EUR | 1,614 | 1,905,981 |
| Equifax, Inc., Sr. Unsec’d. Notes | 5.100 | 06/01/28 | 330 | 337,046 | |
| ERAC USA Finance LLC, Gtd. Notes, 144A | 4.600 | 05/01/28 | 335 | 339,414 | |
| Georgetown University (The), Unsec’d. Notes, Series A | 5.215 | 10/01/2118 | 785 | 687,806 | |
| Global Payments, Inc., | |||||
| Sr. Unsec’d. Notes | 2.150 | 01/15/27 | 80 | 78,607 | |
| Sr. Unsec’d. Notes | 4.450 | 06/01/28 | 85 | 85,343 | |
| Sr. Unsec’d. Notes | 4.500 | 11/15/28 | 9,325 | 9,364,915 | |
| Herc Holdings, Inc., | |||||
| Gtd. Notes, 144A | 5.750 | 03/15/31 | 4,045 | 4,071,764 | |
| Gtd. Notes, 144A | 7.000 | 06/15/30 | 2,845 | 2,984,758 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Commercial Services (cont’d.) | |||||
| Mavis Tire Express Services Topco Corp., Sr. Unsec’d. Notes, 144A | 6.500 % | 05/15/29 | 2,347 | $2,343,203 | |
| Williams Scotsman, Inc., Sr. Sec’d. Notes, 144A | 6.625 | 06/15/29 | 1,700 | 1,756,351 | |
| 44,706,228 | |||||
| Computers 0.1% | |||||
| Dell International LLC/EMC Corp., Sr. Unsec’d. Notes | 6.020 | 06/15/26 | 25 | 25,068 | |
| Genpact Luxembourg Sarl/Genpact USA, Inc., Gtd. Notes | 1.750 | 04/10/26 | 170 | 169,182 | |
| Hewlett Packard Enterprise Co., Sr. Unsec’d. Notes | 4.450 | 09/25/26 | 8,165 | 8,190,239 | |
| NCR Atleos Corp., Sr. Sec’d. Notes, 144A | 9.500 | 04/01/29 | 971 | 1,040,277 | |
| 9,424,766 | |||||
| Diversified Financial Services 1.0% | |||||
| Blackstone Private Credit Fund, Sr. Sec’d. Notes^ | 5.610 | 05/03/27 | 2,925 | 2,933,588 | |
| Cantor Fitzgerald LP, Sr. Unsec’d. Notes, 144A | 7.200 | 12/12/28 | 2,880 | 3,066,660 | |
| Capital One Financial Corp., | |||||
| Sr. Unsec’d. Notes | 4.927(ff) | 05/10/28 | 35 | 35,360 | |
| Sr. Unsec’d. Notes | 7.149(ff) | 10/29/27 | 4,450 | 4,545,980 | |
| CPPIB Capital, Inc. (Canada), Gtd. Notes, 144A, MTN | 2.750 | 11/02/27 | 250 | 246,115 | |
| GGAM Finance Ltd. (Ireland), Gtd. Notes, 144A | 8.000 | 02/15/27 | 4,000 | 4,061,200 | |
| goeasy Ltd. (Canada), Sr. Unsec’d. Notes, 144A(a) | 7.625 | 07/01/29 | 1,325 | 1,309,762 | |
| Greystone Commercial Capital Trust, Sr. Unsec’d. Notes, Series A, 144A, 1 Month SOFR + 3.150%^(x) | 7.460(c) | 05/31/26(d) | 9,290 | 8,268,206 | |
| Jefferies Finance LLC/JFIN Co-Issuer Corp., Sr. Unsec’d. Notes, 144A | 5.000 | 08/15/28 | 750 | 727,040 | |
| LPL Holdings, Inc., | |||||
| Gtd. Notes | 5.700 | 05/20/27 | 3,040 | 3,096,340 | |
| Gtd. Notes | 6.750 | 11/17/28 | 1,710 | 1,818,894 | |
| Gtd. Notes, 144A | 4.625 | 11/15/27 | 110 | 109,987 | |
| OMERS Finance Trust (Canada), Gtd. Notes, 144A | 5.500 | 11/15/33 | 7,850 | 8,378,840 | |
| OneMain Finance Corp., | |||||
| Gtd. Notes | 3.500 | 01/15/27 | 745 | 735,693 | |
| Gtd. Notes | 3.875 | 09/15/28 | 800 | 777,990 | |
| Gtd. Notes | 6.625 | 05/15/29 | 3,075 | 3,174,938 | |
| PennyMac Financial Services, Inc., | |||||
| Gtd. Notes, 144A | 4.250 | 02/15/29 | 6,400 | 6,153,931 | |
| Gtd. Notes, 144A | 7.875 | 12/15/29 | 5,000 | 5,267,573 | |
| Power Finance Corp. Ltd. (India), | |||||
| Sr. Unsec’d. Notes, 144A, MTN | 6.150 | 12/06/28 | 200 | 209,320 | |
| Sr. Unsec’d. Notes, GMTN | 1.841 | 09/21/28 | EUR | 1,460 | 1,664,380 |
| PRA Group, Inc., Gtd. Notes, 144A | 8.375 | 02/01/28 | 2,165 | 2,185,889 | |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., | |||||
| Gtd. Notes, 144A | 2.875 | 10/15/26 | 6,575 | 6,487,532 | |
| Gtd. Notes, 144A | 3.875 | 03/01/31 | 6,675 | 6,260,431 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Diversified Financial Services (cont’d.) | |||||
| Synchrony Financial, Sr. Unsec’d. Notes(a) | 5.019 %(ff) | 07/29/29 | 2,795 | $2,825,919 | |
| 74,341,568 | |||||
| Electric 1.6% | |||||
| AEP Texas, Inc., Sr. Unsec’d. Notes | 3.950 | 06/01/28 | 35 | 34,907 | |
| AES Corp. (The), Sr. Unsec’d. Notes | 5.450 | 06/01/28 | 250 | 256,618 | |
| Algonquin Power & Utilities Corp. (Canada), Sr. Unsec’d. Notes | 5.365(cc) | 06/15/26 | 3,220 | 3,236,691 | |
| Alliant Energy Finance LLC, Gtd. Notes, 144A | 5.400 | 06/06/27 | 3,965 | 4,019,276 | |
| Ameren Corp., Sr. Unsec’d. Notes | 3.650 | 02/15/26 | 170 | 169,943 | |
| Black Hills Corp., Sr. Unsec’d. Notes | 5.950 | 03/15/28 | 25 | 25,908 | |
| Calpine Corp., Sr. Unsec’d. Notes, 144A | 5.125 | 03/15/28 | 1,775 | 1,774,230 | |
| CenterPoint Energy, Inc., Sr. Unsec’d. Notes | 1.450 | 06/01/26 | 25 | 24,793 | |
| Comision Federal de Electricidad (Mexico), Gtd. Notes, 144A | 4.688 | 05/15/29 | 3,011 | 3,002,569 | |
| Constellation Energy Generation LLC, | |||||
| Sr. Unsec’d. Notes, 144A | 4.625 | 02/01/29 | 2,375 | 2,375,557 | |
| Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/31 | 1,950 | 1,977,008 | |
| Duke Energy Corp., Sr. Unsec’d. Notes | 4.300 | 03/15/28 | 115 | 115,777 | |
| Enel Finance International NV (Italy), Gtd. Notes, 144A | 5.125 | 06/26/29 | 12,260 | 12,569,050 | |
| Eskom Holdings (South Africa), | |||||
| Gov’t. Gtd. Notes, 144A, MTN | 6.350 | 08/10/28 | 2,389 | 2,465,448 | |
| Gov’t. Gtd. Notes, MTN | 6.350 | 08/10/28 | 5,213 | 5,379,816 | |
| Sr. Unsec’d. Notes, MTN | 8.450 | 08/10/28 | 4,746 | 5,078,220 | |
| Eversource Energy, | |||||
| Sr. Unsec’d. Notes | 2.900 | 03/01/27 | 125 | 123,496 | |
| Sr. Unsec’d. Notes | 4.750 | 05/15/26 | 160 | 160,347 | |
| Sr. Unsec’d. Notes | 5.450 | 03/01/28 | 150 | 153,966 | |
| Sr. Unsec’d. Notes, Series M | 3.300 | 01/15/28 | 25 | 24,643 | |
| FirstEnergy Pennsylvania Electric Co., Sr. Unsec’d. Notes, 144A | 3.250 | 03/15/28 | 90 | 88,310 | |
| Hydro-Quebec (Canada), | |||||
| Local Gov’t. Gtd. Notes, Series FSA | 8.250 | 04/15/26 | 445 | 448,671 | |
| Local Gov’t. Gtd. Notes, Series FSA | 8.625 | 06/15/29 | 108 | 123,295 | |
| Local Gov’t. Gtd. Notes, Series GQ | 8.250 | 01/15/27 | 70 | 72,690 | |
| Local Gov’t. Gtd. Notes, Series HH | 8.500 | 12/01/29 | 1,158 | 1,330,577 | |
| Local Gov’t. Gtd. Notes, Series MBIA | 8.250 | 01/15/27 | 395 | 410,178 | |
| Israel Electric Corp. Ltd. (Israel), | |||||
| Sr. Sec’d. Notes, 144A, GMTN | 4.250 | 08/14/28 | 5,320 | 5,265,151 | |
| Sr. Sec’d. Notes, EMTN | 7.750 | 12/15/27 | 2,000 | 2,108,600 | |
| MVM Energetika Zrt (Hungary), Sr. Unsec’d. Notes | 7.500 | 06/09/28 | 4,980 | 5,252,456 | |
| Narragansett Electric Co. (The), Sr. Unsec’d. Notes, 144A | 3.395 | 04/09/30 | 1,640 | 1,579,765 | |
| NextEra Energy Capital Holdings, Inc., | |||||
| Gtd. Notes | 3.550 | 05/01/27 | 335 | 333,413 | |
| Gtd. Notes | 4.625 | 07/15/27 | 185 | 186,884 | |
| Gtd. Notes | 4.685 | 09/01/27 | 8,330 | 8,424,174 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Electric (cont’d.) | |||||
| NRG Energy, Inc., | |||||
| Gtd. Notes | 5.750 % | 01/15/28 | 4,350 | $4,352,422 | |
| Gtd. Notes, 144A(a) | 3.375 | 02/15/29 | 2,449 | 2,347,600 | |
| Gtd. Notes, 144A | 5.250 | 06/15/29 | 625 | 626,764 | |
| Gtd. Notes, 144A | 5.750 | 07/15/29 | 2,525 | 2,534,017 | |
| Jr. Sub. Notes, 144A | 10.250(ff) | 03/15/28(oo) | 2,300 | 2,527,206 | |
| Pacific Gas & Electric Co., | |||||
| First Mortgage | 3.300 | 12/01/27 | 175 | 172,562 | |
| First Mortgage | 5.000 | 06/04/28 | 15,520 | 15,804,009 | |
| Southern Co. (The), Sr. Unsec’d. Notes | 3.250 | 07/01/26 | 220 | 219,524 | |
| Vistra Corp., | |||||
| Jr. Sub. Notes, 144A | 7.000(ff) | 12/15/26(oo) | 1,425 | 1,446,029 | |
| Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) | 5,125 | 5,218,990 | |
| Vistra Operations Co. LLC, | |||||
| Gtd. Notes, 144A | 4.375 | 05/01/29 | 1,200 | 1,185,844 | |
| Gtd. Notes, 144A | 5.000 | 07/31/27 | 5,091 | 5,094,316 | |
| Gtd. Notes, 144A | 5.625 | 02/15/27 | 6,450 | 6,452,255 | |
| Sr. Sec’d. Notes, 144A | 3.700 | 01/30/27 | 30 | 29,873 | |
| Sr. Sec’d. Notes, 144A | 4.600 | 10/15/30 | 3,290 | 3,278,183 | |
| VoltaGrid LLC, Sec’d. Notes, 144A | 7.375 | 11/01/30 | 3,720 | 3,769,740 | |
| Xcel Energy, Inc., Sr. Unsec’d. Notes | 4.000 | 06/15/28 | 60 | 60,028 | |
| 123,711,789 | |||||
| Electrical Components & Equipment 0.1% | |||||
| WESCO Distribution, Inc., | |||||
| Gtd. Notes, 144A | 6.375 | 03/15/29 | 730 | 753,010 | |
| Gtd. Notes, 144A | 6.625 | 03/15/32 | 540 | 564,537 | |
| Gtd. Notes, 144A | 7.250 | 06/15/28 | 2,425 | 2,455,612 | |
| 3,773,159 | |||||
| Electronics 0.0% | |||||
| TD SYNNEX Corp., Sr. Unsec’d. Notes | 1.750 | 08/09/26 | 30 | 29,598 | |
| Engineering & Construction 0.2% | |||||
| Cellnex Finance Co. SA (Spain), Gtd. Notes, EMTN | 2.000 | 02/15/33 | EUR | 3,800 | 4,043,582 |
| Cellnex Telecom SA (Spain), Sr. Unsec’d. Notes, EMTN | 1.750 | 10/23/30 | EUR | 2,400 | 2,673,410 |
| GMR Hyderabad International Airport Ltd. (India), Sr. Sec’d. Notes, 144A | 4.250 | 10/27/27 | 200 | 197,534 | |
| MasTec, Inc., Sr. Unsec’d. Notes | 5.900 | 06/15/29 | 920 | 962,619 | |
| Mexico City Airport Trust (Mexico), | |||||
| Sr. Sec’d. Notes | 4.250 | 10/31/26 | 3,509 | 3,501,456 | |
| Sr. Sec’d. Notes, 144A | 3.875 | 04/30/28 | 1,560 | 1,526,413 | |
| Sr. Sec’d. Notes, 144A | 4.250 | 10/31/26 | 3,796 | 3,787,839 | |
| TopBuild Corp., Gtd. Notes, 144A | 3.625 | 03/15/29 | 2,100 | 2,036,183 | |
| 18,729,036 | |||||
| Entertainment 0.3% | |||||
| Caesars Entertainment, Inc., Gtd. Notes, 144A(a) | 4.625 | 10/15/29 | 12,490 | 11,991,356 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Entertainment (cont’d.) | |||||
| Jacobs Entertainment, Inc., Sr. Unsec’d. Notes, 144A | 6.750 % | 02/15/29 | 1,525 | $1,505,870 | |
| Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., Sr. Sec’d. Notes, 144A | 4.875 | 05/01/29 | 5,350 | 5,254,656 | |
| Penn Entertainment, Inc., | |||||
| Sr. Unsec’d. Notes, 144A | 4.125 | 07/01/29 | 2,300 | 2,136,653 | |
| Sr. Unsec’d. Notes, 144A | 5.625 | 01/15/27 | 4,250 | 4,242,529 | |
| 25,131,064 | |||||
| Foods 1.3% | |||||
| Albertson’s Cos., Inc., Sr. Unsec’d. Notes, 144A | 5.625 | 03/31/32 | 4,175 | 4,170,511 | |
| Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, | |||||
| Gtd. Notes, 144A | 4.625 | 01/15/27 | 7,265 | 7,263,156 | |
| Gtd. Notes, 144A | 5.500 | 03/31/31 | 525 | 526,905 | |
| Gtd. Notes, 144A | 6.500 | 02/15/28 | 1,750 | 1,778,425 | |
| B&G Foods, Inc., | |||||
| Gtd. Notes | 5.250 | 09/15/27 | 4,625 | 4,470,629 | |
| Sr. Sec’d. Notes, 144A(a) | 8.000 | 09/15/28 | 2,400 | 2,265,617 | |
| Bellis Acquisition Co. PLC (United Kingdom), | |||||
| Sr. Sec’d. Notes(a) | 8.000 | 07/01/31 | EUR | 4,374 | 4,938,447 |
| Sr. Sec’d. Notes | 8.125 | 05/14/30 | GBP | 3,840 | 4,840,675 |
| Sr. Sec’d. Notes, 144A | 8.000 | 07/01/31 | EUR | 1,750 | 1,963,134 |
| JBS USA Holding Lux Sarl/JBS USA Food Co./JBS Lux Co. Sarl, Sr. Unsec’d. Notes | 3.000 | 02/02/29 | 680 | 654,792 | |
| Kellanova, Sr. Unsec’d. Notes | 4.300 | 05/15/28 | 13,929 | 14,034,730 | |
| Kraft Heinz Foods Co., Gtd. Notes | 3.000 | 06/01/26 | 335 | 333,835 | |
| Kroger Co. (The), Sr. Unsec’d. Notes | 2.650 | 10/15/26 | 335 | 331,938 | |
| Lamb Weston Holdings, Inc., Gtd. Notes, 144A | 4.125 | 01/31/30 | 5,025 | 4,857,264 | |
| Mars, Inc., Sr. Unsec’d. Notes, 144A | 4.800 | 03/01/30 | 22,515 | 22,996,731 | |
| McCormick & Co., Inc., Sr. Unsec’d. Notes | 0.900 | 02/15/26 | 15 | 14,983 | |
| Smithfield Foods, Inc., | |||||
| Gtd. Notes, 144A | 3.000 | 10/15/30 | 15,130 | 13,922,837 | |
| Gtd. Notes, 144A | 4.250 | 02/01/27 | 2,800 | 2,798,041 | |
| US Foods, Inc., Gtd. Notes, 144A | 4.750 | 02/15/29 | 6,000 | 5,973,676 | |
| 98,136,326 | |||||
| Gas 0.1% | |||||
| AmeriGas Partners LP/AmeriGas Finance Corp., Sr. Unsec’d. Notes | 5.750 | 05/20/27 | 1,075 | 1,081,977 | |
| Brooklyn Union Gas Co. (The), Sr. Unsec’d. Notes, 144A | 3.407 | 03/10/26 | 25 | 24,986 | |
| NiSource, Inc., Sr. Unsec’d. Notes | 5.200 | 07/01/29 | 4,720 | 4,867,649 | |
| 5,974,612 | |||||
| Healthcare-Products 0.1% | |||||
| Medline Borrower LP, Sr. Sec’d. Notes, 144A | 3.875 | 04/01/29 | 7,220 | 7,067,626 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Healthcare-Products (cont’d.) | |||||
| Solventum Corp., Sr. Unsec’d. Notes | 5.400 % | 03/01/29 | 2,418 | $2,505,130 | |
| Stryker Corp., Sr. Unsec’d. Notes | 2.125 | 11/30/27 | EUR | 430 | 507,249 |
| 10,080,005 | |||||
| Healthcare-Services 0.3% | |||||
| Advocate Health & Hospitals Corp., Sr. Unsec’d. Notes | 3.829 | 08/15/28 | 1,175 | 1,173,569 | |
| Cigna Group (The), Gtd. Notes | 3.400 | 03/01/27 | 25 | 24,864 | |
| DaVita, Inc., Gtd. Notes, 144A | 4.625 | 06/01/30 | 7,625 | 7,346,331 | |
| HCA, Inc., | |||||
| Gtd. Notes | 3.125 | 03/15/27 | 70 | 69,344 | |
| Gtd. Notes | 5.625 | 09/01/28 | 335 | 345,179 | |
| Health Care Service Corp. A Mutual Legal Reserve Co., Sr. Unsec’d. Notes, 144A | 5.200 | 06/15/29 | 1,450 | 1,487,117 | |
| Indiana University Health, Inc. Obligated Group, Sec’d. Notes | 3.970 | 11/01/48 | 800 | 637,951 | |
| IQVIA, Inc., | |||||
| Sr. Sec’d. Notes | 5.700 | 05/15/28 | 335 | 345,249 | |
| Sr. Sec’d. Notes | 6.250 | 02/01/29 | 4,005 | 4,214,533 | |
| Laboratory Corp. of America Holdings, | |||||
| Gtd. Notes | 1.550 | 06/01/26 | 205 | 203,243 | |
| Gtd. Notes | 3.600 | 09/01/27 | 335 | 333,312 | |
| LifePoint Health, Inc., Sr. Sec’d. Notes, 144A | 9.875 | 08/15/30 | 2,180 | 2,340,289 | |
| Molina Healthcare, Inc., Sr. Unsec’d. Notes, 144A | 6.500 | 02/15/31 | 575 | 588,715 | |
| Tenet Healthcare Corp., | |||||
| Sr. Sec’d. Notes | 4.250 | 06/01/29 | 25 | 24,620 | |
| Sr. Sec’d. Notes | 4.375 | 01/15/30 | 3,900 | 3,833,639 | |
| Sr. Sec’d. Notes | 4.625 | 06/15/28 | 225 | 224,673 | |
| 23,192,628 | |||||
| Holding Companies-Diversified 0.1% | |||||
| Clue Opco LLC, Sr. Sec’d. Notes, 144A | 9.500 | 10/15/31 | 4,981 | 5,285,929 | |
| Home Builders 0.3% | |||||
| Ashton Woods USA LLC/Ashton Woods Finance Co., Sr. Unsec’d. Notes, 144A | 4.625 | 08/01/29 | 4,550 | 4,359,086 | |
| Beazer Homes USA, Inc., | |||||
| Gtd. Notes | 5.875 | 10/15/27 | 2,050 | 2,045,102 | |
| Gtd. Notes(a) | 7.250 | 10/15/29 | 2,200 | 2,226,729 | |
| Empire Communities Corp. (Canada), Sr. Unsec’d. Notes, 144A | 9.750 | 05/01/29 | 2,100 | 2,168,924 | |
| Lennar Corp., | |||||
| Gtd. Notes | 4.750 | 11/29/27 | 135 | 136,331 | |
| Gtd. Notes | 5.000 | 06/15/27 | 40 | 40,289 | |
| Gtd. Notes | 5.250 | 06/01/26 | 3,145 | 3,146,178 | |
| M/I Homes, Inc., Gtd. Notes | 4.950 | 02/01/28 | 834 | 831,895 | |
| Shea Homes LP/Shea Homes Funding Corp., Sr. Unsec’d. Notes | 4.750 | 02/15/28 | 2,500 | 2,490,014 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Home Builders (cont’d.) | |||||
| Tri Pointe Homes, Inc., | |||||
| Gtd. Notes | 5.250 % | 06/01/27 | 4,895 | $4,913,589 | |
| Gtd. Notes | 5.700 | 06/15/28 | 160 | 161,800 | |
| 22,519,937 | |||||
| Home Furnishings 0.0% | |||||
| Whirlpool Corp., Sr. Unsec’d. Notes(a) | 6.125 | 06/15/30 | 3,270 | 3,281,685 | |
| Household Products/Wares 0.1% | |||||
| ACCO Brands Corp., Gtd. Notes, 144A | 4.250 | 03/15/29 | 3,925 | 3,635,407 | |
| Reckitt Benckiser Treasury Services PLC (United Kingdom), Gtd. Notes, 144A(a) | 3.000 | 06/26/27 | 6,005 | 5,928,460 | |
| 9,563,867 | |||||
| Housewares 0.0% | |||||
| Newell Brands, Inc., | |||||
| Sr. Unsec’d. Notes(a) | 6.375 | 05/15/30 | 1,390 | 1,373,477 | |
| Sr. Unsec’d. Notes, 144A | 8.500 | 06/01/28 | 965 | 1,012,399 | |
| 2,385,876 | |||||
| Insurance 0.1% | |||||
| Acrisure LLC/Acrisure Finance, Inc., Sr. Sec’d. Notes, 144A | 7.500 | 11/06/30 | 1,325 | 1,372,145 | |
| Arch Capital Finance LLC, Gtd. Notes | 4.011 | 12/15/26 | 135 | 134,960 | |
| Arthur J Gallagher & Co., Sr. Unsec’d. Notes(a) | 4.850 | 12/15/29 | 2,820 | 2,885,410 | |
| Asurion LLC & Asurion Co-Issuer, Inc., Sr. Sec’d. Notes, 144A | 8.000 | 12/31/32 | 1,665 | 1,740,625 | |
| Principal Financial Group, Inc., Sr. Unsec’d. Notes, 144A | 4.111 | 02/15/28 | 335 | 334,799 | |
| 6,467,939 | |||||
| Internet 0.4% | |||||
| Beignet Investor LLC, Sr. Sec’d. Notes, 144A | 6.581 | 05/30/49 | 28,545 | 29,820,258 | |
| Investment Companies 0.0% | |||||
| Apollo Debt Solutions BDC, Sr. Unsec’d. Notes, 144A(a) | 5.700 | 01/23/31 | 3,460 | 3,440,458 | |
| Iron/Steel 0.1% | |||||
| Big River Steel LLC/BRS Finance Corp., Sr. Sec’d. Notes, 144A | 6.625 | 01/31/29 | 2,897 | 2,919,238 | |
| Cleveland-Cliffs, Inc., Gtd. Notes, 144A | 6.875 | 11/01/29 | 1,890 | 1,964,704 | |
| Mineral Resources Ltd. (Australia), | |||||
| Sr. Unsec’d. Notes, 144A(a) | 7.000 | 04/01/31 | 750 | 787,500 | |
| Sr. Unsec’d. Notes, 144A(a) | 9.250 | 10/01/28 | 3,303 | 3,467,324 | |
| 9,138,766 | |||||
| Leisure Time 0.3% | |||||
| Carnival Corp., | |||||
| Gtd. Notes, 144A | 5.125 | 05/01/29 | 3,760 | 3,802,161 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Leisure Time (cont’d.) | |||||
| Carnival Corp., (cont’d.) | |||||
| Sr. Sec’d. Notes, 144A | 4.000 % | 08/01/28 | 1,975 | $1,948,343 | |
| Harley-Davidson Financial Services, Inc., Gtd. Notes, 144A | 3.050 | 02/14/27 | 4,000 | 3,955,558 | |
| Lindblad Expeditions LLC, | |||||
| Sr. Sec’d. Notes, 144A | 6.750 | 02/15/27 | 4,725 | 4,730,503 | |
| Sr. Sec’d. Notes, 144A | 7.000 | 09/15/30 | 600 | 626,417 | |
| NCL Corp. Ltd., Sr. Unsec’d. Notes, 144A | 7.750 | 02/15/29 | 1,750 | 1,870,313 | |
| Royal Caribbean Cruises Ltd., Sr. Unsec’d. Notes, 144A | 5.500 | 04/01/28 | 3,600 | 3,673,595 | |
| VOC Escrow Ltd., Sr. Sec’d. Notes, 144A | 5.000 | 02/15/28 | 1,350 | 1,346,355 | |
| 21,953,245 | |||||
| Lodging 0.2% | |||||
| MGM Resorts International, | |||||
| Gtd. Notes | 4.625 | 09/01/26 | 935 | 935,136 | |
| Gtd. Notes | 6.125 | 09/15/29 | 6,205 | 6,343,895 | |
| Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., Gtd. Notes, 144A | 5.250 | 05/15/27 | 4,100 | 4,122,648 | |
| 11,401,679 | |||||
| Machinery-Diversified 0.2% | |||||
| Chart Industries, Inc., Sr. Sec’d. Notes, 144A | 7.500 | 01/01/30 | 400 | 416,753 | |
| CNH Industrial Capital LLC, Gtd. Notes | 1.450 | 07/15/26 | 45 | 44,461 | |
| IDEX Corp., Sr. Unsec’d. Notes | 4.950 | 09/01/29 | 7,190 | 7,341,036 | |
| Maxim Crane Works Holdings Capital LLC, Sec’d. Notes, 144A | 11.500 | 09/01/28 | 3,400 | 3,620,803 | |
| Weir Group, Inc. (United Kingdom), Gtd. Notes, 144A | 5.350 | 05/06/30 | 1,570 | 1,609,794 | |
| 13,032,847 | |||||
| Media 0.6% | |||||
| CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
| Gtd. Notes, 144A | 5.375 | 06/01/29 | 1,750 | 1,730,524 | |
| Sr. Unsec’d. Notes, 144A | 5.125 | 05/01/27 | 7,625 | 7,632,102 | |
| Sr. Unsec’d. Notes, 144A | 5.500 | 05/01/26 | 2,750 | 2,750,000 | |
| Charter Communications Operating LLC/Charter Communications Operating Capital, | |||||
| Sr. Sec’d. Notes | 5.375 | 05/01/47 | 85 | 70,021 | |
| Sr. Sec’d. Notes | 6.484 | 10/23/45 | 95 | 89,590 | |
| Cox Communications, Inc., Sr. Unsec’d. Notes, 144A | 3.350 | 09/15/26 | 15 | 14,931 | |
| CSC Holdings LLC, | |||||
| Gtd. Notes, 144A | 3.375 | 02/15/31 | 600 | 356,641 | |
| Gtd. Notes, 144A | 4.125 | 12/01/30 | 750 | 455,852 | |
| Gtd. Notes, 144A | 5.375 | 02/01/28 | 975 | 730,582 | |
| Gtd. Notes, 144A | 5.500 | 04/15/27 | 9,497 | 8,370,619 | |
| Sr. Unsec’d. Notes, 144A | 4.625 | 12/01/30 | 1,000 | 372,355 | |
| DISH DBS Corp., | |||||
| Gtd. Notes(x) | 5.125 | 06/01/29 | 725 | 641,625 | |
| Gtd. Notes(x) | 7.375 | 07/01/28 | 350 | 335,901 | |
| Gtd. Notes(x) | 7.750 | 07/01/26 | 14,875 | 14,585,674 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Media (cont’d.) | |||||
| DISH Network Corp., Sr. Sec’d. Notes, 144A(x) | 11.750 % | 11/15/27 | 4,350 | $4,498,405 | |
| Paramount Global, Gtd. Notes | 3.700 | 06/01/28 | 25 | 24,356 | |
| Virgin Media Secured Finance PLC (United Kingdom), | |||||
| Sr. Sec’d. Notes | 4.125 | 08/15/30 | GBP | 2,100 | 2,618,509 |
| Sr. Sec’d. Notes | 4.250 | 01/15/30 | GBP | 3,100 | 3,945,547 |
| 49,223,234 | |||||
| Mining 0.3% | |||||
| BHP Billiton Finance USA Ltd. (Australia), Gtd. Notes(a) | 5.000 | 02/21/30 | 6,215 | 6,394,178 | |
| First Quantum Minerals Ltd. (Zambia), | |||||
| Gtd. Notes, 144A | 8.625 | 06/01/31 | 675 | 707,758 | |
| Sec’d. Notes, 144A | 9.375 | 03/01/29 | 7,355 | 7,713,556 | |
| Freeport Indonesia PT (Indonesia), Sr. Unsec’d. Notes, EMTN | 5.315 | 04/14/32 | 1,230 | 1,249,988 | |
| Hecla Mining Co., Gtd. Notes | 7.250 | 02/15/28 | 775 | 776,011 | |
| Hudbay Minerals, Inc. (Canada), Gtd. Notes, 144A | 4.500 | 04/01/26 | 3,000 | 2,997,870 | |
| Novelis Corp., | |||||
| Gtd. Notes, 144A | 4.750 | 01/30/30 | 2,225 | 2,155,892 | |
| Gtd. Notes, 144A | 6.875 | 01/30/30 | 1,350 | 1,400,253 | |
| Yamana Gold, Inc. (Canada), Gtd. Notes | 4.625 | 12/15/27 | 3,000 | 3,016,850 | |
| 26,412,356 | |||||
| Miscellaneous Manufacturing 0.0% | |||||
| Entegris, Inc., Sr. Sec’d. Notes, 144A | 4.750 | 04/15/29 | 1,832 | 1,831,706 | |
| Multi-National 0.2% | |||||
| Asian Development Bank (Supranational Bank), Sr. Unsec’d. Notes | 5.820 | 06/16/28 | 3,000 | 3,131,710 | |
| Corp. Andina de Fomento (Supranational Bank), | |||||
| Sr. Unsec’d. Notes | 5.000 | 01/24/29 | 380 | 391,780 | |
| Sr. Unsec’d. Notes | 6.000 | 04/26/27 | 8,350 | 8,544,062 | |
| Inter-American Development Bank (Supranational Bank), | |||||
| Unsec’d. Notes | 6.950 | 08/01/26 | 500 | 506,269 | |
| Unsec’d. Notes, MTN | 6.750 | 07/15/27 | 1,895 | 1,962,552 | |
| 14,536,373 | |||||
| Office/Business Equipment 0.1% | |||||
| CDW LLC/CDW Finance Corp., | |||||
| Gtd. Notes | 2.670 | 12/01/26 | 2,545 | 2,515,669 | |
| Gtd. Notes | 5.100 | 03/01/30 | 1,800 | 1,834,704 | |
| 4,350,373 | |||||
| Oil & Gas 1.8% | |||||
| Aker BP ASA (Norway), | |||||
| Gtd. Notes, 144A | 3.100 | 07/15/31 | 1,585 | 1,455,323 | |
| Sr. Unsec’d. Notes, 144A | 3.750 | 01/15/30 | 13,595 | 13,155,653 | |
| Sr. Unsec’d. Notes, 144A | 4.000 | 01/15/31 | 6,600 | 6,385,375 | |
| Antero Resources Corp., Gtd. Notes, 144A | 5.375 | 03/01/30 | 3,175 | 3,220,602 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Oil & Gas (cont’d.) | |||||
| Ascent Resources Utica Holdings LLC/ARU Finance Corp., Gtd. Notes, 144A | 9.000 % | 11/01/27 | 3,516 | $4,328,789 | |
| Cenovus Energy, Inc. (Canada), Sr. Unsec’d. Notes | 5.400 | 06/15/47 | 792 | 725,975 | |
| Comstock Resources, Inc., Gtd. Notes, 144A | 6.750 | 03/01/29 | 1,829 | 1,840,072 | |
| Crescent Energy Finance LLC, | |||||
| Gtd. Notes, 144A(a) | 7.625 | 04/01/32 | 1,475 | 1,464,250 | |
| Gtd. Notes, 144A(a) | 7.875 | 04/15/32 | 2,415 | 2,402,652 | |
| Gtd. Notes, 144A | 9.250 | 02/15/28 | 1,758 | 1,807,538 | |
| Gtd. Notes, 144A(a) | 9.750 | 10/15/30 | 7,350 | 7,808,080 | |
| Devon Energy Corp., Sr. Unsec’d. Notes | 5.250 | 10/15/27 | 20 | 19,995 | |
| Ecopetrol SA (Colombia), | |||||
| Sr. Unsec’d. Notes | 6.875 | 04/29/30 | 1,545 | 1,562,860 | |
| Sr. Unsec’d. Notes | 8.625 | 01/19/29 | 3,950 | 4,231,437 | |
| Expand Energy Corp., Gtd. Notes | 5.375 | 02/01/29 | 3,150 | 3,151,774 | |
| Hess Corp., Sr. Unsec’d. Notes | 4.300 | 04/01/27 | 55 | 55,219 | |
| Hilcorp Energy I LP/Hilcorp Finance Co., | |||||
| Sr. Unsec’d. Notes, 144A | 6.000 | 02/01/31 | 1,025 | 989,877 | |
| Sr. Unsec’d. Notes, 144A | 6.250 | 11/01/28 | 1,650 | 1,662,987 | |
| KazMunayGas National Co. JSC (Kazakhstan), Sr. Unsec’d. Notes, 144A | 4.750 | 04/19/27 | 200 | 200,182 | |
| Marathon Petroleum Corp., | |||||
| Sr. Unsec’d. Notes | 3.800 | 04/01/28 | 75 | 74,647 | |
| Sr. Unsec’d. Notes(a) | 5.150 | 03/01/30 | 7,370 | 7,587,776 | |
| New Generation Gas Gathering LLC, | |||||
| Sr. Sec’d. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 9.417(c) | 09/30/29 | 676 | 665,541 | |
| Sr. Sec’d. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 9.417(c) | 09/30/29 | 811 | 798,648 | |
| Sr. Sec’d. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 9.417(c) | 09/30/29 | 676 | 665,540 | |
| Sr. Sec’d. Notes, 144A, 3 Month SOFR + 5.750% (Cap N/A, Floor 2.000%)^ | 9.590(c) | 09/30/29 | 203 | 199,661 | |
| Occidental Petroleum Corp., Sr. Unsec’d. Notes | 7.500 | 05/01/31 | 250 | 281,575 | |
| Ovintiv, Inc., Gtd. Notes | 5.650 | 05/15/28 | 335 | 345,537 | |
| Permian Resources Operating LLC, Gtd. Notes, 144A | 8.000 | 04/15/27 | 2,525 | 2,550,249 | |
| Petrobras Global Finance BV (Brazil), Gtd. Notes | 6.625 | 01/16/34 | GBP | 1,800 | 2,505,517 |
| Petroleos Mexicanos (Mexico), | |||||
| Gtd. Notes | 6.500 | 01/23/29 | 300 | 306,300 | |
| Gtd. Notes | 6.625 | 06/15/38 | 74 | 67,886 | |
| Gtd. Notes | 6.700 | 02/16/32 | 3,060 | 3,054,461 | |
| Gtd. Notes | 9.500 | 09/15/27 | 2,500 | 2,626,225 | |
| Gtd. Notes, EMTN | 2.750 | 04/21/27 | EUR | 762 | 891,099 |
| Gtd. Notes, MTN | 8.750 | 06/02/29 | 7,416 | 7,964,784 | |
| Phillips 66, Gtd. Notes | 3.900 | 03/15/28 | 70 | 69,857 | |
| SM Energy Co., | |||||
| Gtd. Notes, 144A | 5.000 | 10/15/26 | 6,060 | 6,053,111 | |
| Gtd. Notes, 144A | 8.375 | 07/01/28 | 230 | 237,828 | |
| Gtd. Notes, 144A | 8.625 | 11/01/30 | 850 | 899,480 | |
| Gtd. Notes, 144A(a) | 8.750 | 07/01/31 | 100 | 105,050 | |
| Sr. Unsec’d. Notes, 144A | 6.750 | 08/01/29 | 1,650 | 1,668,845 | |
| Sunoco LP, Sr. Unsec’d. Notes, 144A | 5.875 | 07/15/27 | 4,625 | 4,632,054 | |
| Sunoco LP/Sunoco Finance Corp., | |||||
| Gtd. Notes | 4.500 | 05/15/29 | 1,425 | 1,401,692 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Oil & Gas (cont’d.) | |||||
| Sunoco LP/Sunoco Finance Corp., (cont’d.) | |||||
| Gtd. Notes, 144A | 7.000 % | 09/15/28 | 3,200 | $3,302,258 | |
| Transocean International Ltd., | |||||
| Gtd. Notes, 144A | 8.250 | 05/15/29 | 660 | 671,550 | |
| Sr. Sec’d. Notes, 144A | 8.750 | 02/15/30 | 975 | 1,016,437 | |
| Valero Energy Corp., | |||||
| Sr. Unsec’d. Notes | 2.150 | 09/15/27 | 1,420 | 1,379,519 | |
| Sr. Unsec’d. Notes | 4.350 | 06/01/28 | 175 | 175,998 | |
| Var Energi ASA (Norway), | |||||
| Sr. Unsec’d. Notes, 144A | 5.000 | 05/18/27 | 6,960 | 7,020,546 | |
| Sr. Unsec’d. Notes, 144A | 5.875 | 05/22/30 | 10,840 | 11,257,496 | |
| Sr. Unsec’d. Notes, 144A | 7.500 | 01/15/28 | 9,108 | 9,620,829 | |
| 136,566,636 | |||||
| Packaging & Containers 0.3% | |||||
| Amcor Finance USA, Inc., Gtd. Notes | 4.500 | 05/15/28 | 335 | 337,408 | |
| Ball Corp., Gtd. Notes | 6.000 | 06/15/29 | 6,025 | 6,210,113 | |
| Berry Global, Inc., | |||||
| Sr. Sec’d. Notes | 1.650 | 01/15/27 | 20 | 19,571 | |
| Sr. Sec’d. Notes, 144A | 5.500 | 04/15/28 | 2,000 | 2,061,705 | |
| Clydesdale Acquisition Holdings, Inc., | |||||
| Gtd. Notes, 144A | 8.750 | 04/15/30 | 3,340 | 3,344,246 | |
| Sr. Sec’d. Notes, 144A | 6.750 | 04/15/32 | 1,375 | 1,386,694 | |
| Graphic Packaging International LLC, | |||||
| Gtd. Notes, 144A | 3.500 | 03/01/29 | 6,275 | 5,986,204 | |
| Sr. Sec’d. Notes, 144A | 1.512 | 04/15/26 | 40 | 39,738 | |
| Sealed Air Corp./Sealed Air Corp. US, Gtd. Notes, 144A | 6.125 | 02/01/28 | 450 | 457,089 | |
| 19,842,768 | |||||
| Pharmaceuticals 0.4% | |||||
| 1261229 BC Ltd., Sr. Sec’d. Notes, 144A | 10.000 | 04/15/32 | 2,915 | 2,991,519 | |
| AbbVie, Inc., Sr. Unsec’d. Notes | 2.950 | 11/21/26 | 170 | 168,834 | |
| AdaptHealth LLC, Gtd. Notes, 144A | 4.625 | 08/01/29 | 1,800 | 1,740,622 | |
| Bausch Health Cos., Inc. (Canada), | |||||
| Gtd. Notes, 144A | 5.000 | 01/30/28 | 975 | 834,844 | |
| Gtd. Notes, 144A | 5.000 | 02/15/29 | 550 | 418,335 | |
| Gtd. Notes, 144A | 5.250 | 01/30/30 | 550 | 390,500 | |
| Gtd. Notes, 144A | 5.250 | 02/15/31 | 25 | 16,235 | |
| Gtd. Notes, 144A | 6.250 | 02/15/29 | 100 | 79,063 | |
| Gtd. Notes, 144A | 7.000 | 01/15/28 | 200 | 179,750 | |
| Sr. Sec’d. Notes, 144A | 4.875 | 06/01/28 | 1,404 | 1,302,294 | |
| Cencora, Inc., Sr. Unsec’d. Notes(x) | 3.450 | 12/15/27 | 85 | 84,181 | |
| CVS Health Corp., | |||||
| Sr. Unsec’d. Notes | 1.750 | 08/21/30 | 75 | 66,641 | |
| Sr. Unsec’d. Notes | 2.875 | 06/01/26 | 335 | 333,713 | |
| Utah Acquisition Sub, Inc., | |||||
| Gtd. Notes | 3.950 | 06/15/26 | 169 | 168,737 | |
| Gtd. Notes | 5.250 | 06/15/46 | 955 | 792,074 | |
| Viatris, Inc., | |||||
| Gtd. Notes(a) | 2.700 | 06/22/30 | 20,736 | 18,994,189 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Pharmaceuticals (cont’d.) | |||||
| Viatris, Inc., (cont’d.) | |||||
| Gtd. Notes | 3.850 % | 06/22/40 | 5,190 | $3,990,162 | |
| Gtd. Notes | 4.000 | 06/22/50 | 2,035 | 1,363,107 | |
| 33,914,800 | |||||
| Pipelines 1.5% | |||||
| Antero Midstream Partners LP/Antero Midstream Finance Corp., Gtd. Notes, 144A | 5.375 | 06/15/29 | 2,150 | 2,153,290 | |
| Boardwalk Pipelines LP, Gtd. Notes | 5.950 | 06/01/26 | 60 | 60,101 | |
| Cheniere Corpus Christi Holdings LLC, Sr. Sec’d. Notes | 5.125 | 06/30/27 | 9,390 | 9,478,829 | |
| DT Midstream, Inc., Gtd. Notes, 144A | 4.125 | 06/15/29 | 2,000 | 1,977,536 | |
| Energy Transfer LP, | |||||
| Jr. Sub. Notes, Series G | 7.125(ff) | 05/15/30(oo) | 1,300 | 1,341,659 | |
| Jr. Sub. Notes, Series H | 6.500(ff) | 11/15/26(oo) | 12,515 | 12,569,147 | |
| Sr. Unsec’d. Notes | 3.900 | 07/15/26 | 40 | 39,979 | |
| Sr. Unsec’d. Notes | 4.400 | 03/15/27 | 80 | 80,289 | |
| Sr. Unsec’d. Notes | 5.200 | 04/01/30 | 2,000 | 2,063,107 | |
| Sr. Unsec’d. Notes | 5.250 | 07/01/29 | 5,535 | 5,705,646 | |
| Sr. Unsec’d. Notes | 5.300 | 04/15/47 | 110 | 98,734 | |
| MPLX LP, | |||||
| Sr. Unsec’d. Notes | 4.125 | 03/01/27 | 20 | 20,016 | |
| Sr. Unsec’d. Notes | 4.800 | 02/15/31 | 2,035 | 2,057,789 | |
| Sr. Unsec’d. Notes | 5.200 | 03/01/47 | 20 | 17,967 | |
| NGPL PipeCo LLC, Sr. Unsec’d. Notes, 144A | 4.875 | 08/15/27 | 330 | 331,611 | |
| ONEOK, Inc., | |||||
| Gtd. Notes | 3.100 | 03/15/30 | 9,790 | 9,290,883 | |
| Gtd. Notes | 4.950 | 10/15/32 | 1,390 | 1,396,746 | |
| Gtd. Notes | 5.375 | 06/01/29 | 6,530 | 6,733,731 | |
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Sr. Unsec’d. Notes, 144A | 7.375 | 02/15/29 | 2,526 | 2,617,890 | |
| TransCanada PipeLines Ltd. (Canada), Sr. Unsec’d. Notes | 4.250 | 05/15/28 | 50 | 50,113 | |
| Transcontinental Gas Pipe Line Co. LLC, Sr. Unsec’d. Notes | 4.000 | 03/15/28 | 135 | 135,063 | |
| Valero Energy Partners LP, Gtd. Notes | 4.500 | 03/15/28 | 120 | 120,990 | |
| Venture Global Calcasieu Pass LLC, Sr. Sec’d. Notes, 144A | 6.250 | 01/15/30 | 5,450 | 5,585,875 | |
| Venture Global LNG, Inc., | |||||
| Jr. Sub. Notes, 144A(a) | 9.000(ff) | 09/30/29(oo) | 1,825 | 1,607,191 | |
| Sr. Sec’d. Notes, 144A | 8.125 | 06/01/28 | 1,025 | 1,049,425 | |
| Venture Global Plaquemines LNG LLC, Sr. Sec’d. Notes, 144A | 6.125 | 12/15/30 | 4,445 | 4,575,599 | |
| Western Midstream Operating LP, Sr. Unsec’d. Notes | 4.050 | 02/01/30 | 16,330 | 16,011,790 | |
| Williams Cos., Inc. (The), | |||||
| Sr. Unsec’d. Notes | 4.800 | 11/15/29 | 5,255 | 5,362,490 | |
| Sr. Unsec’d. Notes(a) | 4.900 | 03/15/29 | 5,615 | 5,743,755 | |
| Sr. Unsec’d. Notes | 5.300 | 08/15/28 | 9,500 | 9,790,430 | |
| Sr. Unsec’d. Notes | 5.400 | 03/02/26 | 3,560 | 3,564,410 | |
| 111,632,081 | |||||
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Real Estate 0.1% | |||||
| Five Point Operating Co. LP, Gtd. Notes, 144A | 8.000 % | 10/01/30 | 925 | $961,647 | |
| Howard Hughes Corp. (The), Gtd. Notes, 144A | 5.375 | 08/01/28 | 2,700 | 2,698,532 | |
| 3,660,179 | |||||
| Real Estate Investment Trusts (REITs) 0.7% | |||||
| Alexandria Real Estate Equities, Inc., Gtd. Notes | 2.750 | 12/15/29 | 210 | 197,955 | |
| American Tower Corp., | |||||
| Sr. Unsec’d. Notes | 1.500 | 01/31/28 | 150 | 142,710 | |
| Sr. Unsec’d. Notes | 3.550 | 07/15/27 | 115 | 114,246 | |
| Sr. Unsec’d. Notes | 3.650 | 03/15/27 | 335 | 333,813 | |
| Sr. Unsec’d. Notes | 5.200 | 02/15/29 | 7,955 | 8,178,689 | |
| Sr. Unsec’d. Notes | 5.250 | 07/15/28 | 110 | 113,023 | |
| Brandywine Operating Partnership LP, Gtd. Notes | 3.950 | 11/15/27 | 245 | 240,464 | |
| Crown Castle, Inc., | |||||
| Sr. Unsec’d. Notes | 2.900 | 03/15/27 | 40 | 39,502 | |
| Sr. Unsec’d. Notes | 3.700 | 06/15/26 | 295 | 294,473 | |
| Sr. Unsec’d. Notes | 4.000 | 03/01/27 | 15 | 14,993 | |
| Sr. Unsec’d. Notes | 5.600 | 06/01/29 | 3,715 | 3,853,699 | |
| CubeSmart LP, Gtd. Notes | 3.125 | 09/01/26 | 80 | 79,500 | |
| Kimco Realty OP LLC, | |||||
| Gtd. Notes | 1.900 | 03/01/28 | 100 | 96,084 | |
| Gtd. Notes | 3.800 | 04/01/27 | 115 | 114,946 | |
| MPT Operating Partnership LP/MPT Finance Corp., | |||||
| Gtd. Notes | 5.000 | 10/15/27 | 1,175 | 1,148,298 | |
| Sr. Sec’d. Notes, 144A | 8.500 | 02/15/32 | 325 | 348,092 | |
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, | |||||
| Gtd. Notes, 144A | 7.000 | 02/01/30 | 845 | 870,147 | |
| Sr. Sec’d. Notes, 144A | 4.875 | 05/15/29 | 4,025 | 3,937,597 | |
| Realty Income Corp., Sr. Unsec’d. Notes | 4.450 | 09/15/26 | 10 | 10,016 | |
| SBA Communications Corp., | |||||
| Sr. Unsec’d. Notes | 3.125 | 02/01/29 | 3,550 | 3,391,386 | |
| Sr. Unsec’d. Notes | 3.875 | 02/15/27 | 6,150 | 6,106,238 | |
| Starwood Property Trust, Inc., | |||||
| Gtd. Notes, 144A | 5.250 | 10/15/28 | 925 | 930,490 | |
| Sr. Unsec’d. Notes, 144A | 3.625 | 07/15/26 | 3,250 | 3,228,436 | |
| Sr. Unsec’d. Notes, 144A | 4.375 | 01/15/27 | 4,675 | 4,640,792 | |
| Ventas Realty LP, | |||||
| Gtd. Notes | 3.250 | 10/15/26 | 85 | 84,520 | |
| Gtd. Notes | 3.850 | 04/01/27 | 65 | 64,868 | |
| VICI Properties LP/VICI Note Co., Inc., | |||||
| Gtd. Notes, 144A | 3.750 | 02/15/27 | 95 | 94,522 | |
| Gtd. Notes, 144A | 4.250 | 12/01/26 | 600 | 599,766 | |
| Gtd. Notes, 144A | 4.625 | 12/01/29 | 485 | 485,155 | |
| Gtd. Notes, 144A | 5.750 | 02/01/27 | 13,940 | 14,083,567 | |
| Weyerhaeuser Co., Sr. Unsec’d. Notes | 6.950 | 10/01/27 | 20 | 20,914 | |
| 53,858,901 | |||||
| Retail 0.4% | |||||
| 1011778 BC ULC/New Red Finance, Inc. (Canada), | |||||
| Sr. Sec’d. Notes, 144A | 3.875 | 01/15/28 | 1,275 | 1,254,791 | |
| Sr. Sec’d. Notes, 144A | 5.625 | 09/15/29 | 1,335 | 1,356,900 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Retail (cont’d.) | |||||
| 1011778 BC ULC/New Red Finance, Inc. (Canada), (cont’d.) | |||||
| Sr. Sec’d. Notes, 144A | 6.125 % | 06/15/29 | 1,495 | $1,531,734 | |
| Alimentation Couche-Tard, Inc. (Canada), Gtd. Notes, 144A | 3.550 | 07/26/27 | 2,930 | 2,906,895 | |
| AutoZone, Inc., Sr. Unsec’d. Notes | 6.250 | 11/01/28 | 1,470 | 1,550,623 | |
| Boots Group Finco LP (United Kingdom), Sr. Sec’d. Notes, 144A | 7.375 | 08/31/32 | GBP | 575 | 811,763 |
| Carvana Co., | |||||
| Sr. Sec’d. Notes, 144A | 9.000 | 06/01/30 | 5,900 | 6,153,515 | |
| Sr. Sec’d. Notes, 144A | 9.000 | 06/01/31 | 7,202 | 7,928,019 | |
| EG Global Finance PLC (United Kingdom), | |||||
| Sr. Sec’d. Notes, 144A | 11.000 | 11/30/28 | EUR | 500 | 638,548 |
| Sr. Sec’d. Notes, 144A | 12.000 | 11/30/28 | 400 | 432,250 | |
| Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., Sr. Sec’d. Notes, 144A | 4.625 | 01/15/29 | 1,459 | 1,411,791 | |
| Lithia Motors, Inc., Sr. Unsec’d. Notes, 144A | 3.875 | 06/01/29 | 2,425 | 2,345,460 | |
| Lowe’s Cos., Inc., Sr. Unsec’d. Notes | 2.500 | 04/15/26 | 305 | 304,111 | |
| McDonald’s Corp., | |||||
| Sr. Unsec’d. Notes, MTN | 3.500 | 03/01/27 | 25 | 24,913 | |
| Sr. Unsec’d. Notes, MTN | 3.500 | 07/01/27 | 75 | 74,683 | |
| Park River Holdings, Inc., Sec’d. Notes, 144A | 8.750 | 12/31/30 | 1,911 | 1,910,894 | |
| 30,636,890 | |||||
| Semiconductors 0.2% | |||||
| Broadcom, Inc., Sr. Unsec’d. Notes | 5.050 | 07/12/29 | 13,793 | 14,208,828 | |
| Shipbuilding 0.0% | |||||
| Huntington Ingalls Industries, Inc., | |||||
| Gtd. Notes | 2.043 | 08/16/28 | 3,500 | 3,326,526 | |
| Gtd. Notes | 3.483 | 12/01/27 | 135 | 133,655 | |
| 3,460,181 | |||||
| Software 0.2% | |||||
| CoreWeave, Inc., | |||||
| Gtd. Notes, 144A(a) | 9.000 | 02/01/31 | 2,500 | 2,431,222 | |
| Gtd. Notes, 144A(a) | 9.250 | 06/01/30 | 3,085 | 3,037,523 | |
| Fidelity National Information Services, Inc., Sr. Unsec’d. Notes | 1.650 | 03/01/28 | 335 | 318,853 | |
| Fiserv, Inc., Sr. Unsec’d. Notes | 5.450 | 03/02/28 | 40 | 40,997 | |
| Oracle Corp., Sr. Unsec’d. Notes | 2.650 | 07/15/26 | 110 | 109,229 | |
| SS&C Technologies, Inc., Gtd. Notes, 144A | 5.500 | 09/30/27 | 6,175 | 6,169,984 | |
| Take-Two Interactive Software, Inc., Sr. Unsec’d. Notes | 5.000 | 03/28/26 | 75 | 75,080 | |
| Workday, Inc., Sr. Unsec’d. Notes | 3.500 | 04/01/27 | 110 | 109,441 | |
| 12,292,329 | |||||
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Telecommunications 1.0% | |||||
| AT&T, Inc., | |||||
| Sr. Unsec’d. Notes | 2.550 % | 12/01/33 | 74 | $62,921 | |
| Sr. Unsec’d. Notes | 3.800 | 02/15/27 | 55 | 54,912 | |
| Sr. Unsec’d. Notes | 4.100 | 02/15/28 | 20 | 20,045 | |
| Sr. Unsec’d. Notes | 4.500 | 05/15/35 | 70 | 66,946 | |
| Connect Holding II LLC, Sr. Sec’d. Notes, 144A | 10.500 | 04/03/31 | 8,025 | 7,872,901 | |
| Deutsche Telekom International Finance BV (Germany), Gtd. Notes, 144A | 3.600 | 01/19/27 | 335 | 334,187 | |
| Digicel Group Holdings Ltd. (Jamaica), | |||||
| Sr. Sec’d. Notes, Series 1B14, 144A(x) | 0.000(s) | 12/31/30 | 356 | 36 | |
| Sr. Sec’d. Notes, Series 3B14, 144A^(x) | 0.000(s) | 12/31/30 | 236 | — | |
| Digicel International Finance Ltd./DIFL US LLC (Jamaica), Sr. Sec’d. Notes, 144A(x) | 8.625 | 08/01/32 | 6,240 | 6,488,477 | |
| EchoStar Corp., Sr. Sec’d. Notes(x) | 10.750 | 11/30/29 | 11,275 | 12,358,804 | |
| Frontier Communications Holdings LLC, | |||||
| Sec’d. Notes, 144A | 6.750 | 05/01/29 | 3,900 | 3,917,298 | |
| Sr. Sec’d. Notes, 144A | 5.000 | 05/01/28 | 10,871 | 10,875,001 | |
| Iliad Holding SAS (France), Sr. Sec’d. Notes, 144A | 7.000 | 10/15/28 | 550 | 555,500 | |
| Level 3 Financing, Inc., | |||||
| Gtd. Notes, 144A | 8.500 | 01/15/36 | 7,155 | 7,328,230 | |
| Sr. Sec’d. Notes, 144A | 7.000 | 03/31/34 | 4,690 | 4,860,298 | |
| Lorca Telecom Bondco SA (Spain), | |||||
| Sr. Sec’d. Notes, 144A | 4.000 | 09/18/27 | EUR | 1,571 | 1,862,513 |
| Sr. Sec’d. Notes, 144A | 5.750 | 04/30/29 | EUR | 4,975 | 6,091,308 |
| Lumen Technologies, Inc., Sr. Unsec’d. Notes, 144A | 5.375 | 06/15/29 | 2,850 | 2,685,640 | |
| Motorola Solutions, Inc., Sr. Unsec’d. Notes | 4.600 | 02/23/28 | 140 | 141,491 | |
| NTT Finance Corp. (Japan), Sr. Unsec’d. Notes, 144A(a) | 4.567 | 07/16/27 | 10,450 | 10,536,758 | |
| TalkTalk Telecom Group Ltd. (United Kingdom), Sec’d. Notes, 144A, Cash coupon 11.750% or PIK 11.750%^ | 11.750 | 03/01/28(d) | GBP | 1,308 | 2 |
| T-Mobile USA, Inc., | |||||
| Gtd. Notes | 2.250 | 02/15/26 | 115 | 114,904 | |
| Gtd. Notes | 2.625 | 04/15/26 | 60 | 59,824 | |
| Gtd. Notes | 3.750 | 04/15/27 | 100 | 99,745 | |
| Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC, Gtd. Notes, 144A | 8.625 | 06/15/32 | 1,110 | 1,118,079 | |
| Vmed O2 UK Financing I PLC (United Kingdom), Sr. Sec’d. Notes | 4.000 | 01/31/29 | GBP | 1,430 | 1,895,299 |
| 79,401,119 | |||||
| Toys/Games/Hobbies 0.0% | |||||
| Mattel, Inc., Gtd. Notes, 144A | 5.875 | 12/15/27 | 335 | 335,486 | |
| Transportation 0.3% | |||||
| Burlington Northern Santa Fe LLC, Sr. Unsec’d. Notes | 5.050 | 03/01/41 | 790 | 777,283 | |
| Canadian Pacific Railway Co. (Canada), Gtd. Notes | 4.000 | 06/01/28 | 20 | 19,999 | |
| Fedex Freight Holding Co., Inc., Gtd. Notes, 144A | 4.300 | 03/15/29 | 6,775 | 6,780,306 | |
| Indian Railway Finance Corp. Ltd. (India), Sr. Unsec’d. Notes, 144A, MTN(a) | 3.570 | 01/21/32 | 1,245 | 1,178,231 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Corporate Bonds (Continued) | |||||
| Transportation (cont’d.) | |||||
| Lima Metro Line 2 Finance Ltd. (Peru), Sr. Sec’d. Notes | 5.875 % | 07/05/34 | 75 | $76,983 | |
| RXO, Inc., Gtd. Notes, 144A | 7.500 | 11/15/27 | 4,648 | 4,737,420 | |
| Ryder System, Inc., | |||||
| Sr. Unsec’d. Notes, MTN | 4.300 | 06/15/27 | 440 | 441,377 | |
| Sr. Unsec’d. Notes, MTN | 5.650 | 03/01/28 | 335 | 345,183 | |
| Star Leasing Co. LLC, Sec’d. Notes, 144A | 7.625 | 02/15/30 | 7,516 | 7,187,739 | |
| 21,544,521 | |||||
| Trucking & Leasing 0.1% | |||||
| Penske Truck Leasing Co. LP/PTL Finance Corp., | |||||
| Sr. Unsec’d. Notes, 144A | 4.400 | 07/01/27 | 8,295 | 8,323,748 | |
| Sr. Unsec’d. Notes, 144A | 5.750 | 05/24/26 | 335 | 336,216 | |
| 8,659,964 | |||||
| Water 0.0% | |||||
| American Water Capital Corp., Sr. Unsec’d. Notes | 2.950 | 09/01/27 | 175 | 172,746 | |
| Total Corporate Bonds (cost $1,912,166,637) | 1,922,526,536 | ||||
| Floating Rate and Other Loans 1.3% | |||||
| Auto Parts & Equipment 0.2% | |||||
| Clarios Global LP, Amendment No. 6 Dollar Term Loan, 1 Month SOFR + 2.750% | 6.422(c) | 01/28/32 | 1,222 | 1,222,316 | |
| Tenneco, Inc., | |||||
| Term A Loan, 3 Month SOFR + 4.850% | 8.739(c) | 11/17/28 | 7,679 | 7,576,673 | |
| Term B Loan, 3 Month SOFR + 5.100% | 8.880(c) | 11/17/28 | 2,890 | 2,857,777 | |
| 11,656,766 | |||||
| Chemicals 0.0% | |||||
| TPC Group, Inc., Initial Term Loan, 6 Month SOFR + 5.750% | 9.386(c) | 12/16/31 | 3,300 | 2,931,149 | |
| Commercial Services 0.0% | |||||
| Adtalem Global Education, Inc., 2024 Second Repricing Term Loan, 1 Month SOFR + 2.750% | 6.422(c) | 08/12/28 | 132 | 131,910 | |
| OCS Group Investments Ltd. (United Kingdom), Facility B1 Loan, SONIA + 5.750% | 9.597(c) | 11/27/31 | GBP | 1,875 | 2,563,732 |
| 2,695,642 | |||||
| Education 0.1% | |||||
| International Schools Partnership (United Kingdom), Term Loan, 3 Month SOFR + 4.500%^ | 8.171(c) | 07/06/31 | 5,576 | 5,548,590 | |
| Holding Companies-Diversified 0.1% | |||||
| Clue OpCo LLC, Term B Loan, 3 Month SOFR + 4.500% | 8.167(c) | 12/19/30 | 9,403 | 9,362,473 | |
| Cuppa Bidco BV (Netherlands), Facility B1 EUR, 6 Month EURIBOR + 4.750% | 6.874(c) | 06/29/29 | EUR | 325 | 281,116 |
| 9,643,589 | |||||
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Floating Rate and Other Loans (Continued) | |||||
| Insurance 0.0% | |||||
| Asurion LLC, New B-11 Term Loan, 1 Month SOFR + 4.350% | 8.022 %(c) | 08/21/28 | 924 | $924,982 | |
| Verisure Holding AB (PUBL) (Sweden), Term Loan, 3 Month EURIBOR + 2.250% | 4.300(c) | 11/03/32 | EUR | 1,925 | 2,291,245 |
| 3,216,227 | |||||
| Internet 0.0% | |||||
| Diamond Sports Net LLC, First Lien Exit Term Loan | 15.000 | 01/02/28 | 425 | 114,434 | |
| Investment Companies 0.1% | |||||
| Hurricane CleanCo Ltd. (United Kingdom), Facility A^ | 12.500 | 10/31/29 | GBP | 3,019 | 4,342,308 |
| Leisure Time 0.1% | |||||
| ClubCorp Holdings, Inc., Term Loan, 3 Month SOFR + 5.000%^ | 8.672(c) | 07/10/32 | 2,002 | 1,977,142 | |
| International Park Holdings BV (Netherlands), 2025 Facility B, 6 Month EURIBOR + 5.250%^ | 7.374(c) | 01/30/32 | EUR | 5,225 | 6,131,519 |
| 8,108,661 | |||||
| Media 0.1% | |||||
| Radiate Holdco LLC, First Out Term Loan, 1 Month SOFR + 3.500% | 8.786(c) | 09/25/29 | 6,208 | 5,323,146 | |
| Metal Fabricate/Hardware 0.1% | |||||
| Doncasters US Finance LLC (United Kingdom), | |||||
| 2025 Term Loan, 3 Month SOFR + 6.500%^ | 10.172(c) | 04/23/30 | 1,667 | 1,679,906 | |
| Initial Term Loan, 3 Month SOFR + 6.500%^ | 10.172(c) | 04/23/30 | 6,809 | 6,859,790 | |
| 8,539,696 | |||||
| Retail 0.4% | |||||
| CDR Firefly Bidco PLC (United Kingdom), Facility B10, SONIA + 4.750% | 8.477(c) | 04/29/29 | GBP | 2,850 | 3,907,948 |
| EG America LLC (United Kingdom), New facility B3 (EUR), 6 Month EURIBOR + 3.875% | 5.937(c) | 02/07/28 | EUR | 6,913 | 8,190,602 |
| EG Finco Ltd. (United Kingdom), Term Loan | —(p) | 02/07/31 | 187 | 221,942 | |
| Peer Holding III BV (Netherlands), Term B-6 Loan, 3 Month EURIBOR + 2.750% | 4.769(c) | 07/01/31 | EUR | 7,875 | 9,352,927 |
| The Boots Group (United Kingdom), Closing Date Sterling Term Loan, SONIA + 4.750% | 8.476(c) | 08/31/32 | GBP | 2,975 | 4,091,765 |
| WSH Services Holding Ltd. (United Kingdom), Facility B5, SONIA + 4.533% | 8.260(c) | 05/16/31 | GBP | 350 | 480,626 |
| 26,245,810 | |||||
| Telecommunications 0.1% | |||||
| Zegona Holdco Ltd., Additional Facility B2 (EUR) Loan, 3 Month EURIBOR + 2.750% | 4.891(c) | 07/17/29 | EUR | 7,220 | 8,562,252 |
| Total Floating Rate and Other Loans (cost $93,768,712) | 96,928,270 | ||||
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Municipal Bonds 0.1% | |||||
| California 0.0% | |||||
| University of California, | |||||
| Taxable, Revenue Bonds, Series AP | 3.931 % | 05/15/45 | 25 | $22,923 | |
| Taxable, Revenue Bonds, Series J | 4.131 | 05/15/45 | 25 | 22,724 | |
| 45,647 | |||||
| Michigan 0.1% | |||||
| Michigan State University, Taxable, Revenue Bonds, Series A | 4.165 | 08/15/2122 | 3,520 | 2,510,252 | |
| University of Michigan, Taxable, Revenue Bonds, Series A | 4.454 | 04/01/2122 | 4,600 | 3,582,830 | |
| 6,093,082 | |||||
| New Jersey 0.0% | |||||
| New Jersey Turnpike Authority, Taxable, Revenue Bonds, BABs, Series F | 7.414 | 01/01/40 | 100 | 118,798 | |
| Virginia 0.0% | |||||
| University of Virginia, Taxable, Revenue Bonds, Series C | 4.179 | 09/01/2117 | 125 | 91,591 | |
| Total Municipal Bonds (cost $8,429,430) | 6,349,118 | ||||
| Residential Mortgage-Backed Securities 4.4% | |||||
| ATLX Trust, Series 2024-RPL02, Class A1, 144A | 3.850(cc) | 04/25/63 | 11,474 | 11,223,471 | |
| Bayview Financing Trust, Series 2023-01F, Class A, 144A, 30 Day Average SOFR + 5.000% (Cap N/A, Floor 4.000%) | 8.686(c) | 07/01/26 | 2,027 | 2,036,708 | |
| Chase Home Lending Mortgage Trust, Series 2024-RPL02, Class A1A, 144A | 3.250(cc) | 08/25/64 | 1,315 | 1,172,908 | |
| CIM Trust, | |||||
| Series 2024-R01, Class A1, 144A | 4.750(cc) | 06/25/64 | 2,607 | 2,596,380 | |
| Series 2025-I01, Class A1, 144A | 5.655(cc) | 10/25/69 | 5,837 | 5,898,513 | |
| Citigroup Mortgage Loan Trust, | |||||
| Series 2011-12, Class 3A2, 144A | 4.529(cc) | 09/25/47 | 19 | 18,031 | |
| Series 2024-RP02, Class A1, 144A | 4.100(cc) | 02/25/63 | 9,952 | 9,514,345 | |
| Series 2024-RP02, Class A2, 144A | 4.232(cc) | 02/25/63 | 890 | 783,492 | |
| Series 2024-RP02, Class B1, 144A | 0.000(cc) | 02/25/63 | 269 | 216,713 | |
| Series 2024-RP02, Class B2, 144A | 0.000(cc) | 02/25/63 | 97 | 73,897 | |
| Series 2024-RP02, Class B3, PO, 144A | 11.130(s) | 02/25/63 | 247 | 32,705 | |
| Series 2024-RP02, Class B4, PO, 144A | 14.327(s) | 02/25/63 | 447 | 39,372 | |
| Series 2024-RP02, Class M1, 144A | 4.232(cc) | 02/25/63 | 598 | 508,010 | |
| Series 2024-RP02, Class M2, 144A | 3.742(cc) | 02/25/63 | 456 | 376,244 | |
| Series 2024-RP02, Class SA, 144A | 0.000(cc) | 02/25/63 | 12 | 11,370 | |
| Series 2024-RP02, Class X, IO, 144A | 0.000(cc) | 02/25/63 | 13,028 | 1,303 | |
| Series 2025-RP01, Class A1, 144A | 4.017(cc) | 01/25/64 | 17,410 | 16,391,052 | |
| Series 2025-RP01, Class A2, 144A | 4.017(cc) | 01/25/64 | 824 | 624,514 | |
| Series 2025-RP01, Class B1, 144A | 4.017(cc) | 01/25/64 | 330 | 208,592 | |
| Series 2025-RP01, Class B2, 144A | 4.017(cc) | 01/25/64 | 209 | 120,667 | |
| Series 2025-RP01, Class B3, 144A | 3.052(cc) | 01/25/64 | 264 | 130,070 | |
| Series 2025-RP01, Class B4, 144A | 0.000(cc) | 01/25/64 | 251 | 101,774 | |
| Series 2025-RP01, Class M1, 144A | 4.017(cc) | 01/25/64 | 703 | 496,933 | |
| Series 2025-RP01, Class M2, 144A | 4.017(cc) | 01/25/64 | 439 | 294,232 | |
| Series 2025-RP01, Class SA, 144A | 0.000(cc) | 01/25/64 | 38 | 33,995 | |
| Series 2025-RP01, Class X, IO, 144A | 0.000(cc) | 01/25/64 | 20,430 | 2,043 | |
| COLT Mortgage Loan Trust, | |||||
| Series 2025-07, Class A1, 144A | 5.470(cc) | 06/25/70 | 9,302 | 9,406,434 | |
| Series 2025-INV02, Class A1, 144A | 5.601(cc) | 02/25/70 | 5,840 | 5,913,855 | |
| Connecticut Avenue Securities Trust, | |||||
| Series 2022-R03, Class 1B1, 144A, 30 Day Average SOFR + 6.250% (Cap N/A, Floor 0.000%) | 9.947(c) | 03/25/42 | 860 | 910,133 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Residential Mortgage-Backed Securities (Continued) | |||||
| Connecticut Avenue Securities Trust, (cont’d.) | |||||
| Series 2022-R04, Class 1B1, 144A, 30 Day Average SOFR + 5.250% (Cap N/A, Floor 0.000%) | 8.947 %(c) | 03/25/42 | 340 | $356,112 | |
| Series 2024-R05, Class 2M2, 144A, 30 Day Average SOFR + 1.700% (Cap N/A, Floor 0.000%) | 5.397(c) | 07/25/44 | 500 | 501,915 | |
| Credit Suisse Mortgage Trust, Series 2022-RPL04, Class A1, 144A | 3.904(cc) | 04/25/62 | 2,181 | 2,096,778 | |
| Cross Mortgage Trust, Series 2025-H07, Class A1, 144A | 4.934(cc) | 09/25/70 | 8,564 | 8,584,432 | |
| Eagle Re Ltd., Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.000% (Cap N/A, Floor 2.000%) | 5.697(c) | 09/26/33 | 122 | 122,182 | |
| EFMT, Series 2025-INV03, Class A1, 144A | 5.444(cc) | 07/25/70 | 7,654 | 7,745,485 | |
| Fannie Mae REMIC, | |||||
| Series 2012-132, Class KI, IO | 3.000 | 12/25/32 | 1,258 | 86,382 | |
| Series 2012-144, Class EI, IO | 3.000 | 01/25/28 | 372 | 6,187 | |
| Series 2012-148, Class IC, IO | 3.000 | 01/25/28 | 595 | 8,550 | |
| Series 2013-13, Class IK, IO | 2.500 | 03/25/28 | 365 | 6,716 | |
| Series 2013-49, Class AI, IO | 3.000 | 05/25/33 | 978 | 65,355 | |
| Series 2015-59, Class CI, IO | 3.500 | 08/25/30 | 263 | 6,517 | |
| Series 2016-20, Class DI, IO | 3.500 | 04/25/31 | 1,116 | 61,758 | |
| Series 2018-24, Class BH | 3.500 | 04/25/48 | 164 | 153,964 | |
| Series 2018-25, Class AG | 3.500 | 04/25/47 | 474 | 465,804 | |
| Series 2018-57, Class QV | 3.500 | 11/25/29 | 597 | 594,787 | |
| FHLMC Structured Agency Credit Risk REMIC Trust, | |||||
| Series 2020-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 0.000%) | 6.697(c) | 12/25/50 | 100 | 106,669 | |
| Series 2020-HQA05, Class B1, 144A, 30 Day Average SOFR + 4.000% (Cap N/A, Floor 0.000%) | 7.697(c) | 11/25/50 | 1,630 | 1,784,699 | |
| Series 2021-DNA05, Class M2, 144A, 30 Day Average SOFR + 1.650% (Cap N/A, Floor 0.000%) | 5.347(c) | 01/25/34 | 193 | 193,424 | |
| Series 2021-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | 7.097(c) | 10/25/41 | 1,630 | 1,658,525 | |
| Series 2021-DNA06, Class M2, 144A, 30 Day Average SOFR + 1.500% (Cap N/A, Floor 0.000%) | 5.197(c) | 10/25/41 | 156 | 156,777 | |
| Series 2021-HQA03, Class B1, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | 7.047(c) | 09/25/41 | 200 | 202,812 | |
| Series 2021-HQA03, Class M2, 144A, 30 Day Average SOFR + 2.100% (Cap N/A, Floor 0.000%) | 5.797(c) | 09/25/41 | 3,080 | 3,101,014 | |
| Series 2021-HQA04, Class M2, 144A, 30 Day Average SOFR + 2.350% (Cap N/A, Floor 0.000%) | 6.047(c) | 12/25/41 | 2,700 | 2,734,587 | |
| Series 2022-DNA01, Class M2, 144A, 30 Day Average SOFR + 2.500% (Cap N/A, Floor 0.000%) | 6.197(c) | 01/25/42 | 110 | 111,307 | |
| Series 2022-DNA03, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 0.000%) | 6.597(c) | 04/25/42 | 300 | 306,843 | |
| Freddie Mac REMIC, | |||||
| Series 4046, Class PI, IO | 3.000 | 05/15/27 | 215 | 2,922 | |
| Series 4060, Class IO, IO | 3.000 | 06/15/27 | 113 | 1,443 | |
| Series 4131, Class BI, IO | 2.500 | 11/15/27 | 660 | 11,164 | |
| Series 4146, Class KI, IO | 3.000 | 12/15/32 | 1,323 | 91,941 | |
| Series 4153, Class IO, IO | 3.000 | 01/15/28 | 711 | 9,533 | |
| Series 4172, Class KI, IO | 3.000 | 10/15/32 | 1,554 | 73,099 | |
| Series 4182, Class EI, IO | 2.500 | 03/15/28 | 552 | 11,226 | |
| Series 4186, Class JI, IO | 3.000 | 03/15/33 | 4,138 | 239,662 | |
| Series 4314, Class PD | 3.750 | 07/15/43 | 328 | 326,969 | |
| Series 4574, Class AI, IO | 3.000 | 04/15/31 | 774 | 40,194 | |
| Series 4631, Class GP | 3.500 | 03/15/46 | 1,088 | 1,055,424 | |
| Government National Mortgage Assoc., | |||||
| Series 2013-047, Class IA, IO | 4.000 | 03/20/43 | 615 | 99,755 | |
| Series 2014-116, Class IT, IO | 4.000 | 08/20/44 | 683 | 83,481 | |
| Series 2016-164, Class IG, IO | 4.000 | 12/20/46 | 1,182 | 241,005 | |
| Series 2017-045, Class QA | 3.000 | 11/20/42 | 772 | 763,779 | |
| Series 2018-05, Class IB, IO | 4.000 | 01/20/48 | 487 | 101,765 | |
| GS Mortgage-Backed Securities Trust, | |||||
| Series 2025-NQM03, Class A1, 144A | 5.137(cc) | 11/25/65 | 7,177 | 7,214,235 | |
| Series 2025-RPL01, Class A1, PO, 144A | 0.000 | 01/25/64 | 17 | 16,741 | |
| Series 2025-RPL01, Class A1, PO, 144A | 3.564(cc) | 01/25/64 | 16,512 | 14,826,725 | |
| HOMES Trust, Series 2025-AFC03, Class A1, 144A | 4.932(cc) | 08/25/60 | 14,017 | 14,065,122 | |
| Kinbane DAC (Ireland), | |||||
| Series 2024-RPL02A, Class A, 144A, 1 Month EURIBOR + 1.100% (Cap N/A, Floor 0.000%) | 3.067(c) | 01/24/63 | EUR | 3,558 | 4,226,476 |
| Series 2025-RPL2A, Class A, 144A, 1 Month EURIBOR + 1.100% (Cap N/A, Floor 0.000%) | 3.003(c) | 08/24/75 | EUR | 4,888 | 5,809,874 |
| Legacy Mortgage Asset Trust, Series 2025-PR01, Class A1, 144A | 6.000(cc) | 01/25/61 | 16,907 | 16,912,145 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Residential Mortgage-Backed Securities (Continued) | |||||
| LHOME Mortgage Trust, Series 2024-RTL04, Class A1, 144A | 5.921 %(cc) | 07/25/39 | 4,750 | $4,774,634 | |
| Lincoln Senior Participation Trust, Series 2024-01, Class A1X, 144A, 1 Month SOFR + 2.200%^ | 2.750 | 06/27/27 | 9,000 | 9,000,000 | |
| Lugo Funding DAC (Spain), Series 2024-01A, Class A, 144A, 3 Month EURIBOR + 1.000% (Cap N/A, Floor 0.000%) | 3.059(c) | 05/26/66 | EUR | 5,175 | 6,132,922 |
| Mill City Mortgage Loan Trust, Series 2018-01, Class A1, 144A | 3.250(cc) | 05/25/62 | 25 | 25,301 | |
| Morgan Stanley Residential Mortgage Loan Trust, | |||||
| Series 2025-DSC02, Class A1, 144A | 5.443(cc) | 07/25/70 | 9,888 | 9,998,896 | |
| Series 2025-DSC03, Class A1, 144A | 4.912(cc) | 09/25/70 | 10,918 | 10,962,728 | |
| Series 2025-NQM04, Class A1B, 144A | 5.588(cc) | 06/25/70 | 3,537 | 3,572,397 | |
| Series 2025-NQM05, Class A1, 144A | 5.439(cc) | 07/25/70 | 6,291 | 6,360,629 | |
| New Residential Mortgage Loan Trust, Series 2018-04A, Class A1S, 144A, 1 Month SOFR + 0.864% (Cap N/A, Floor 0.750%) | 4.537(c) | 01/25/48 | 171 | 168,655 | |
| NLT Trust, | |||||
| Series 2025-INV01, Class A1, 144A | 5.506(cc) | 02/25/70 | 12,295 | 12,437,187 | |
| Series 2025-INV01, Class A2, 144A | 5.708(cc) | 02/25/70 | 1,378 | 1,393,088 | |
| Series 2025-INV01, Class A3, 144A | 5.860(cc) | 02/25/70 | 2,365 | 2,389,633 | |
| Series 2025-INV01, Class AIOS, 144A | 0.399(cc) | 02/25/70 | 18,818 | 133,333 | |
| Series 2025-INV01, Class B1, 144A | 6.594(cc) | 02/25/70 | 750 | 748,168 | |
| Series 2025-INV01, Class B2, 144A | 6.594(cc) | 02/25/70 | 590 | 576,650 | |
| Series 2025-INV01, Class B3, 144A | 6.594(cc) | 02/25/70 | 370 | 341,378 | |
| Series 2025-INV01, Class M1, 144A | 6.314(cc) | 02/25/70 | 1,070 | 1,085,449 | |
| Series 2025-INV01, Class XS, 144A^ | 0.901(cc) | 02/25/70 | 18,818 | 310,500 | |
| NYMT Loan Trust, Series 2025-CP01, Class A1, 144A | 3.750(cc) | 11/25/69 | 10,904 | 10,609,443 | |
| Oaktown Re VII Ltd., Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%) | 6.597(c) | 04/25/34 | 1,067 | 1,075,341 | |
| OBX Trust, | |||||
| Series 2025-NQM10, Class A1, 144A | 5.453(cc) | 05/25/65 | 5,188 | 5,248,239 | |
| Series 2025-NQM11, Class A1, 144A | 5.418(cc) | 05/25/65 | 9,289 | 9,394,050 | |
| Series 2025-NQM13, Class A1, 144A | 5.441(cc) | 05/25/65 | 10,884 | 11,012,080 | |
| PMT Credit Risk Transfer Trust, | |||||
| Series 2024-01R, Class A, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%) | 7.197(c) | 05/25/33 | 8,462 | 8,554,554 | |
| Series 2024-02R, Class A, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | 7.042(c) | 03/29/27 | 6,213 | 6,274,522 | |
| PRET Trust, Series 2024-RPL02, Class A1, 144A | 4.075(cc) | 06/25/64 | 3,976 | 3,801,059 | |
| PRPM LLC, | |||||
| Series 2024-06, Class A1, 144A | 5.699(cc) | 11/25/29 | 6,802 | 6,805,944 | |
| Series 2024-RPL02, Class A1, 144A | 3.500(cc) | 05/25/54 | 1,172 | 1,147,359 | |
| Series 2025-RCF02, Class A1, 144A | 4.000(cc) | 10/25/64 | 4,083 | 4,018,741 | |
| Series 2025-RPL01, Class A1, 144A | 4.000(cc) | 03/25/55 | 6,281 | 6,184,262 | |
| Series 2025-RPL01, Class A2, 144A | 4.000(cc) | 03/25/55 | 1,267 | 1,220,153 | |
| Series 2025-RPL01, Class A3, 144A | 4.000(cc) | 03/25/55 | 747 | 711,133 | |
| Series 2025-RPL01, Class M1A, 144A | 4.000(cc) | 03/25/55 | 729 | 691,207 | |
| Series 2025-RPL01, Class M1B, 144A | 4.000(cc) | 03/25/55 | 257 | 240,547 | |
| Radnor Re Ltd., | |||||
| Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%) | 7.397(c) | 11/25/31 | 583 | 588,438 | |
| Series 2023-01, Class M1A, 144A, 30 Day Average SOFR + 2.700% (Cap N/A, Floor 2.700%) | 6.397(c) | 07/25/33 | 380 | 381,565 | |
| Santander Mortgage Asset Receivable Trust, Series 2025-NQM02, Class A1, 144A | 5.732(cc) | 02/25/65 | 7,268 | 7,360,493 | |
| Structured Adjustable Rate Mortgage Loan Trust, Series 2004-18, Class 3A1 | 4.755(cc) | 12/25/34 | 61 | 57,231 | |
| Verus Securitization Trust, | |||||
| Series 2025-02, Class A1, 144A | 5.307(cc) | 03/25/70 | 6,818 | 6,875,029 | |
| Series 2025-08, Class A1, 144A | 4.869(cc) | 09/25/70 | 5,036 | 5,048,940 | |
| Series 2025-09, Class A1, 144A | 4.935(cc) | 10/27/70 | 4,647 | 4,670,905 | |
| Total Residential Mortgage-Backed Securities (cost $334,416,249) | 338,964,800 | ||||
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| Sovereign Bonds 2.6% | |||||
| Argentine Republic Government International Bond (Argentina), | |||||
| Sr. Unsec’d. Notes | 0.125 % | 07/09/30 | EUR | 2,365 | $2,359,628 |
| Sr. Unsec’d. Notes | 0.750(cc) | 07/09/30 | 5,491 | 4,656,341 | |
| Sr. Unsec’d. Notes | 1.000 | 07/09/29 | 10,724 | 9,463,717 | |
| Bahrain Government International Bond (Bahrain), Sr. Unsec’d. Notes | 7.000 | 10/12/28 | 2,000 | 2,065,500 | |
| Bermuda Government International Bond (Bermuda), Sr. Unsec’d. Notes, 144A | 2.375 | 08/20/30 | 1,005 | 913,608 | |
| Brazil Minas SPE via State of Minas Gerais (Brazil), Gov’t. Gtd. Notes | 5.333 | 02/15/28 | 15,826 | 15,862,126 | |
| Colombia Government International Bond (Colombia), | |||||
| Sr. Unsec’d. Notes | 3.750 | 09/19/28 | EUR | 11,680 | 13,730,963 |
| Sr. Unsec’d. Notes | 5.375 | 01/21/29 | 4,395 | 4,375,223 | |
| Dominican Republic International Bond (Dominican Republic), | |||||
| Sr. Unsec’d. Notes(a) | 5.500 | 02/22/29 | 3,407 | 3,458,105 | |
| Sr. Unsec’d. Notes | 5.950 | 01/25/27 | 1,800 | 1,825,200 | |
| Sr. Unsec’d. Notes, 144A | 5.500 | 02/22/29 | 3,513 | 3,565,695 | |
| Sr. Unsec’d. Notes, 144A | 5.950 | 01/25/27 | 620 | 628,680 | |
| Sr. Unsec’d. Notes, 144A | 6.000 | 07/19/28 | 973 | 997,627 | |
| Ecuador Government International Bond (Ecuador), Sr. Unsec’d. Notes, 144A | 8.750 | 01/29/34 | 10,600 | 10,711,088 | |
| Egypt Government International Bond (Egypt), | |||||
| Sr. Unsec’d. Notes, EMTN | 3.875 | 02/16/26 | 6,950 | 6,930,540 | |
| Sr. Unsec’d. Notes, EMTN | 4.750 | 04/16/26 | EUR | 5,110 | 6,057,139 |
| Ivory Coast Government International Bond (Ivory Coast), | |||||
| Sr. Unsec’d. Notes | 4.875 | 01/30/32 | EUR | 4,595 | 5,354,798 |
| Sr. Unsec’d. Notes | 5.250 | 03/22/30 | EUR | 6,546 | 7,873,266 |
| Sr. Unsec’d. Notes | 5.875 | 10/17/31 | EUR | 8,218 | 9,978,648 |
| Japan Finance Organization for Municipalities (Japan), Sr. Unsec’d. Notes, MTN | 1.375 | 02/10/31 | 10,000 | 8,685,536 | |
| Japan International Cooperation Agency (Japan), | |||||
| Gov’t. Gtd. Notes | 2.125 | 10/20/26 | 10,000 | 9,880,142 | |
| Gov’t. Gtd. Notes | 4.000 | 05/23/28 | 10,760 | 10,796,490 | |
| Morocco Government International Bond (Morocco), Sr. Unsec’d. Notes | 2.375 | 12/15/27 | 10,000 | 9,618,800 | |
| Province of Alberta (Canada), Sr. Unsec’d. Notes | 3.300 | 03/15/28 | 1,510 | 1,496,145 | |
| Province of Quebec (Canada), Unsec’d. Notes, Series A, MTN | 7.485(cc) | 03/02/26 | 565 | 566,673 | |
| Republic of South Africa Government International Bond (South Africa), Sr. Unsec’d. Notes, Series 12Y | 3.750 | 07/24/26 | EUR | 20,000 | 23,798,746 |
| Romanian Government International Bond (Romania), Sr. Unsec’d. Notes, EMTN | 6.625 | 09/27/29 | EUR | 10,500 | 13,678,346 |
| Serbia International Bond (Serbia), | |||||
| Sr. Unsec’d. Notes | 1.500 | 06/26/29 | EUR | 4,492 | 4,960,230 |
| Sr. Unsec’d. Notes | 6.250 | 05/26/28 | 2,135 | 2,210,447 | |
| Sr. Unsec’d. Notes, 144A | 1.500 | 06/26/29 | EUR | 2,410 | 2,661,210 |
| Sr. Unsec’d. Notes, 144A | 1.650 | 03/03/33 | EUR | 492 | 495,165 |
| Total Sovereign Bonds (cost $189,139,401) | 199,655,822 | ||||
| U.S. Government Agency Obligations 7.0% | |||||
| Federal Farm Credit Bank | 1.230 | 07/29/30 | 6,600 | 5,872,850 | |
| Federal Farm Credit Bank | 1.550 | 07/26/30 | 550 | 496,590 | |
| Federal Farm Credit Bank | 2.150 | 12/01/31 | 20,000 | 17,919,398 | |
| Federal Farm Credit Bank | 2.200 | 12/09/31 | 10,000 | 8,961,873 | |
| Federal Home Loan Mortgage Corp. | 2.500 | 09/01/46 | 4,937 | 4,286,781 | |
| Federal Home Loan Mortgage Corp. | 2.500 | 01/01/51 | 446 | 382,069 | |
| Federal Home Loan Mortgage Corp. | 2.500 | 04/01/51 | 7,715 | 6,612,261 | |
| Federal Home Loan Mortgage Corp. | 2.500 | 05/01/51 | 4,190 | 3,569,343 | |
| Federal Home Loan Mortgage Corp. | 2.500 | 07/01/51 | 2,217 | 1,898,354 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| U.S. Government Agency Obligations (Continued) | |||||
| Federal Home Loan Mortgage Corp. | 2.500 % | 11/01/51 | 14,818 | $12,845,931 | |
| Federal Home Loan Mortgage Corp. | 2.500 | 01/01/52 | 862 | 745,145 | |
| Federal Home Loan Mortgage Corp. | 2.500 | 02/01/52 | 1,222 | 1,049,084 | |
| Federal Home Loan Mortgage Corp. | 3.000 | 07/01/46 | 2,686 | 2,487,233 | |
| Federal Home Loan Mortgage Corp. | 3.000 | 11/01/50 | 606 | 541,567 | |
| Federal Home Loan Mortgage Corp. | 3.000 | 02/01/52 | 5,984 | 5,317,227 | |
| Federal Home Loan Mortgage Corp. | 3.500 | 10/01/45 | 4,386 | 4,162,364 | |
| Federal Home Loan Mortgage Corp. | 3.500 | 02/01/52 | 1,032 | 959,251 | |
| Federal Home Loan Mortgage Corp. | 3.500 | 04/01/52 | 1,252 | 1,159,284 | |
| Federal Home Loan Mortgage Corp. | 4.000 | 05/01/52 | 6,767 | 6,501,850 | |
| Federal Home Loan Mortgage Corp. | 5.000 | 08/01/52 | 2,916 | 2,927,937 | |
| Federal Home Loan Mortgage Corp. | 5.000 | 10/01/54 | 358 | 358,272 | |
| Federal Home Loan Mortgage Corp. | 5.500 | 11/01/52 | 25,701 | 26,188,410 | |
| Federal Home Loan Mortgage Corp.(h) | 6.750 | 03/15/31 | 545 | 618,085 | |
| Federal National Mortgage Assoc. | 2.500 | 12/01/34 | 4,658 | 4,433,186 | |
| Federal National Mortgage Assoc. | 2.500 | 08/01/35 | 2,077 | 1,969,478 | |
| Federal National Mortgage Assoc.(k) | 2.500 | 08/01/36 | 50,801 | 48,162,206 | |
| Federal National Mortgage Assoc. | 2.500 | 06/01/50 | 413 | 354,903 | |
| Federal National Mortgage Assoc. | 2.500 | 10/01/50 | 1,662 | 1,425,459 | |
| Federal National Mortgage Assoc. | 2.500 | 04/01/51 | 3,899 | 3,341,298 | |
| Federal National Mortgage Assoc. | 2.500 | 06/01/51 | 3,526 | 3,019,515 | |
| Federal National Mortgage Assoc. | 2.500 | 07/01/51 | 782 | 669,593 | |
| Federal National Mortgage Assoc. | 2.500 | 09/01/51 | 2,094 | 1,791,893 | |
| Federal National Mortgage Assoc. | 2.500 | 10/01/51 | 2,133 | 1,824,939 | |
| Federal National Mortgage Assoc. | 3.000 | 03/01/43 | 19,223 | 17,771,680 | |
| Federal National Mortgage Assoc. | 3.000 | 08/01/43 | 326 | 301,002 | |
| Federal National Mortgage Assoc. | 3.000 | 04/01/48 | 525 | 484,636 | |
| Federal National Mortgage Assoc. | 3.000 | 10/01/51 | 518 | 461,009 | |
| Federal National Mortgage Assoc. | 3.000 | 10/01/51 | 4,492 | 3,999,427 | |
| Federal National Mortgage Assoc. | 3.000 | 12/01/51 | 1,773 | 1,580,501 | |
| Federal National Mortgage Assoc. | 3.000 | 01/01/52 | 1,699 | 1,520,830 | |
| Federal National Mortgage Assoc. | 3.500 | 09/01/51 | 6,087 | 5,666,628 | |
| Federal National Mortgage Assoc. | 4.000 | 04/01/52 | 914 | 881,403 | |
| Federal National Mortgage Assoc. | 4.000 | 04/01/52 | 1,056 | 1,012,606 | |
| Federal National Mortgage Assoc. | 4.000 | 05/01/52 | 7,064 | 6,761,216 | |
| Federal National Mortgage Assoc. | 5.000 | TBA | 14,000 | 13,976,456 | |
| Federal National Mortgage Assoc. | 5.000 | TBA | 65,000 | 64,819,592 | |
| Federal National Mortgage Assoc. | 5.000 | 08/01/52 | 3,771 | 3,786,110 | |
| Federal National Mortgage Assoc. | 5.000 | 11/01/54 | 278 | 278,178 | |
| Federal National Mortgage Assoc. | 5.000 | 12/01/54 | 51,867 | 51,885,142 | |
| Federal National Mortgage Assoc. | 5.000 | 01/01/55 | 6,977 | 6,978,713 | |
| Federal National Mortgage Assoc. | 5.500 | 10/01/52 | 2,322 | 2,363,404 | |
| Federal National Mortgage Assoc. | 5.500 | 11/01/52 | 3,899 | 3,978,256 | |
| Federal National Mortgage Assoc. | 5.500 | 12/01/54 | 11,303 | 11,465,215 | |
| Federal National Mortgage Assoc. | 6.000 | 11/01/52 | 4,493 | 4,631,792 | |
| Federal National Mortgage Assoc. | 6.000 | 12/01/52 | 5,338 | 5,513,227 | |
| Federal National Mortgage Assoc. | 6.000 | 10/01/54 | 378 | 387,412 | |
| Federal National Mortgage Assoc. | 6.500 | 01/01/53 | 6,996 | 7,238,364 | |
| Federal National Mortgage Assoc. | 6.625 | 11/15/30 | 605 | 678,331 | |
| Federal National Mortgage Assoc. | 7.125 | 01/15/30 | 580 | 652,108 | |
| Government National Mortgage Assoc. | 3.500 | 09/20/51 | 2,012 | 1,862,677 | |
| Government National Mortgage Assoc. | 3.500 | 12/20/51 | 21,140 | 19,562,914 | |
| Government National Mortgage Assoc. | 3.500 | 02/20/52 | 12,120 | 11,209,577 | |
| Government National Mortgage Assoc. | 3.500 | 04/20/52 | 2,987 | 2,762,995 | |
| Government National Mortgage Assoc. | 3.500 | 07/20/52 | 2,461 | 2,278,832 | |
| Government National Mortgage Assoc. | 4.000 | 03/20/52 | 1,032 | 985,073 | |
| Government National Mortgage Assoc. | 4.000 | 06/20/52 | 12,989 | 12,395,131 | |
| Government National Mortgage Assoc. | 4.000 | 08/20/52 | 14,962 | 14,271,114 | |
| Government National Mortgage Assoc. | 4.500 | 07/20/52 | 2,164 | 2,129,649 | |
| Government National Mortgage Assoc. | 4.500 | 08/20/52 | 11,717 | 11,532,015 | |
| Government National Mortgage Assoc. | 4.500 | 09/20/52 | 5,212 | 5,128,698 | |
| Government National Mortgage Assoc. | 5.000 | 02/20/54 | 2,529 | 2,539,159 | |
| Government National Mortgage Assoc. | 5.500 | 08/20/54 | 9,513 | 9,633,508 | |
| Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
| U.S. Government Agency Obligations (Continued) | |||||
| Government National Mortgage Assoc. | 5.500 % | 09/20/54 | 8,574 | $8,700,404 | |
| Government National Mortgage Assoc. | 5.500 | 10/20/54 | 23,721 | 24,020,426 | |
| Resolution Funding Corp. Principal Strips, Bonds | 5.143(s) | 01/15/30 | 4,330 | 3,719,558 | |
| U.S. Department of Housing & Urban Development, U.S. Gov’t. Gtd. Notes | 4.480 | 08/01/30 | 553 | 553,608 | |
| U.S. International Development Finance Corp., U.S. Gov’t. Gtd. Notes | 3.250 | 10/15/30 | 2,639 | 2,583,326 | |
| Total U.S. Government Agency Obligations (cost $529,690,433) | 537,795,531 | ||||
| U.S. Treasury Obligations 24.0% | |||||
| U.S. Treasury Bonds(h) | 4.750 | 05/15/55 | 345 | 337,184 | |
| U.S. Treasury Bonds(h) | 4.875 | 08/15/45 | 565 | 568,178 | |
| U.S. Treasury Notes | 0.500 | 04/30/27 | 213,615 | 205,821,390 | |
| U.S. Treasury Notes(k) | 0.750 | 05/31/26 | 5,870 | 5,814,052 | |
| U.S. Treasury Notes | 0.750 | 01/31/28 | 91,110 | 86,259,104 | |
| U.S. Treasury Notes | 1.250 | 11/30/26 | 134,030 | 131,495,995 | |
| U.S. Treasury Notes(k) | 2.250 | 02/15/27 | 243,000 | 239,782,148 | |
| U.S. Treasury Notes | 2.750 | 07/31/27 | 17,310 | 17,115,262 | |
| U.S. Treasury Notes | 3.125 | 08/31/27 | 55,050 | 54,708,088 | |
| U.S. Treasury Notes(h) | 3.375 | 11/30/27 | 243,935 | 243,248,933 | |
| U.S. Treasury Notes(h) | 3.500 | 09/30/27 | 236,285 | 236,155,782 | |
| U.S. Treasury Notes | 3.500 | 01/15/29 | 410 | 408,815 | |
| U.S. Treasury Notes(h)(kk) | 3.500 | 11/30/30 | 17,650 | 17,423,859 | |
| U.S. Treasury Notes | 3.625 | 08/31/27 | 138,670 | 138,854,171 | |
| U.S. Treasury Notes | 3.625 | 08/31/29 | 265 | 264,503 | |
| U.S. Treasury Notes | 3.625 | 08/31/30 | 480 | 476,925 | |
| U.S. Treasury Notes | 3.625 | 12/31/30 | 920 | 912,741 | |
| U.S. Treasury Notes | 3.875 | 07/31/30 | 1,633 | 1,640,527 | |
| U.S. Treasury Notes | 4.000 | 01/15/27 | 63,305 | 63,562,177 | |
| U.S. Treasury Notes(k) | 4.125 | 02/28/27 | 167,090 | 168,088,624 | |
| U.S. Treasury Notes(h) | 4.250 | 08/15/35 | 5,575 | 5,580,227 | |
| U.S. Treasury Notes | 4.375 | 12/15/26 | 211,905 | 213,320,459 | |
| U.S. Treasury Strips Coupon | 1.020(s) | 05/15/33 | 75 | 55,572 | |
| U.S. Treasury Strips Coupon(h) | 1.398(s) | 11/15/41 | 855 | 394,560 | |
| U.S. Treasury Strips Coupon | 1.450(s) | 08/15/42 | 465 | 204,387 | |
| U.S. Treasury Strips Coupon(h) | 2.027(s) | 05/15/39 | 1,120 | 599,482 | |
| U.S. Treasury Strips Coupon(h) | 2.056(s) | 11/15/38 | 2,240 | 1,233,187 | |
| U.S. Treasury Strips Coupon(h) | 2.058(s) | 02/15/39 | 2,275 | 1,234,779 | |
| U.S. Treasury Strips Coupon(h) | 2.420(s) | 08/15/40 | 1,500 | 744,523 | |
| U.S. Treasury Strips Coupon | 2.857(s) | 05/15/31 | 100 | 81,346 | |
| U.S. Treasury Strips Coupon | 3.019(s) | 11/15/35 | 140 | 91,149 | |
| U.S. Treasury Strips Coupon | 4.805(s) | 02/15/42 | 45 | 20,387 | |
| Total U.S. Treasury Obligations (cost $1,833,612,551) | 1,836,498,516 | ||||
| Shares | |||||
| Affiliated Exchange-Traded Funds 4.1% | |||||
| PGIM AAA CLO ETF | 2,863,187 | 147,568,658 | |||
| PGIM Active High Yield Bond ETF | 676,370 | 24,146,409 | |||
| PGIM Corporate Bond 0-5 Year ETF | 2,275,000 | 115,034,920 | |||
| PGIM Corporate Bond 5-10 Year ETF | 500,000 | 25,408,750 | |||
| Total Affiliated Exchange-Traded Funds (cost $310,868,119)(wa) | 312,158,737 | ||||
| Common Stocks 0.1% | |||||
| Chemicals 0.0% | |||||
| TPC Group, Inc.* | 17,363 | 318,316 | |||
| Description | Shares | Value | |||
| Common Stocks (Continued) | |||||
| Interactive Media & Services 0.0% | |||||
| Diamond Sports Group LLC*(x) | 57,273 | $10,767 | |||
| Wireless Telecommunication Services 0.1% | |||||
| Digicel International Finance Ltd. (Jamaica)*(x) | 257,178 | 4,693,627 | |||
| Total Common Stocks (cost $648,801) | 5,022,710 | ||||
| Preferred Stocks 0.2% | |||||
| Capital Markets 0.0% | |||||
| State Street Corp., 5.350%(ff), Series G, Maturing 03/15/26(oo) | 5,000 | 117,150 | |||
| Electronic Equipment, Instruments & Components 0.2% | |||||
| QXO, Inc., 4.750%, Maturing 12/31/79^ | 10,730,000 | 10,730,000 | |||
| Wireless Telecommunication Services 0.0% | |||||
| Digicel International Finance Ltd. (Jamaica)*^(x) | 16,694 | 209,546 | |||
| Total Preferred Stocks (cost $10,913,730) | 11,056,696 | ||||
| Units | |||||
| Warrants* 0.0% | |||||
| Hotels, Restaurants & Leisure 0.0% | |||||
| Codere Group Topco SA (Spain), expiring 09/30/34^ | 18 | 64 | |||
| Interactive Media & Services 0.0% | |||||
| Diamond Sports Group LLC, expiring 06/30/26(x) | 107,119 | 1 | |||
| Total Warrants (cost $699) | 65 | ||||
| Total Long-Term Investments (cost $7,519,178,726) | 7,606,712,898 | ||||
| Shares | |||||
| Short-Term Investments 2.3% | |||||
| Affiliated Mutual Funds 2.3% | |||||
| PGIM Core Government Money Market Fund (7-day effective yield 3.805%)(wa) | 104,207,159 | 104,207,159 | |||
| PGIM Institutional Money Market Fund (7-day effective yield 3.853%) (cost $71,299,357; includes $71,073,817 of cash collateral for securities on loan)(b)(wa) | 71,347,168 | 71,304,360 | |||
| Total Affiliated Mutual Funds (cost $175,506,516) | 175,511,519 | ||||
| Options Purchased*~ 0.0% | |||||
| (cost $1,900,860) | 1,776,189 | ||||
| Total Short-Term Investments (cost $177,407,376) | 177,287,708 | ||||
| TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 101.8% (cost $7,696,586,102) | 7,784,000,606 | ||||
| Description | Value | ||||
| Options Written*~ (0.0)% | |||||
| (premiums received $3,162,726) | $(2,220,628) | ||||
| TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 101.8% (cost $7,693,423,376) | 7,781,779,978 | ||||
| Liabilities in excess of other assets(z) (1.8)% | (135,566,942) | ||||
| Net Assets 100.0% | $7,646,213,036 | ||||
| Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
| BRL—Brazilian Real | |
| CLP—Chilean Peso | |
| CNH—Chinese Renminbi | |
| COP—Colombian Peso | |
| CZK—Czech Koruna | |
| EUR—Euro | |
| GBP—British Pound | |
| IDR—Indonesian Rupiah | |
| INR—Indian Rupee | |
| KRW—South Korean Won | |
| MXN—Mexican Peso | |
| PEN—Peruvian Nuevo Sol | |
| PHP—Philippine Peso | |
| PLN—Polish Zloty | |
| SGD—Singapore Dollar | |
| THB—Thai Baht | |
| TRY—Turkish Lira | |
| TWD—New Taiwanese Dollar | |
| USD—US Dollar | |
| ZAR—South African Rand |
| 144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | ||
| A—Annual payment frequency for swaps | ||
| ABS—Asset-Backed Security | ||
| BABs—Build America Bonds | ||
| BARC—Barclays Bank PLC | ||
| BNP—BNP Paribas S.A. | ||
| BNY—Bank of New York Mellon | ||
| BOA—Bank of America, N.A. | ||
| BROIS—Brazil Overnight Index Swap | ||
| CBOE—Chicago Board Options Exchange | ||
| CDX—Credit Derivative Index | ||
| CITI—Citibank, N.A. | ||
| CLO—Collateralized Loan Obligation | ||
| CMS—Constant Maturity Swap | ||
| COP—Certificates of Participation | ||
| DAC—Designated Activity Company | ||
| DB—Deutsche Bank AG | ||
| EMTN—Euro Medium Term Note | ||
| ETF—Exchange-Traded Fund | ||
| EURIBOR—Euro Interbank Offered Rate | ||
| FHLMC—Federal Home Loan Mortgage Corporation | ||
| GMTN—Global Medium Term Note | ||
| GSI—Goldman Sachs International | ||
| HSBC—HSBC Bank PLC | ||
| iBoxx—Bond Market Indices | ||
| IG—Investment Grade | ||
| IO—Interest Only (Principal amount represents notional) | ||
| JPM—JPMorgan Chase Bank N.A. | ||
| LP—Limited Partnership | ||
| M—Monthly payment frequency for swaps | ||
| MSI—Morgan Stanley & Co. International PLC | ||
| MTN—Medium Term Note | ||
| N/A—Not Applicable | ||
| OTC—Over-the-counter | ||
| PIK—Payment-in-Kind | ||
| PO—Principal Only | ||
| Q—Quarterly payment frequency for swaps | |
| RBC—Royal Bank of Canada | |
| REITs—Real Estate Investment Trust | |
| REMIC—Real Estate Mortgage Investment Conduit | |
| SCB—Standard Chartered Bank | |
| SOFR—Secured Overnight Financing Rate | |
| SONIA—Sterling Overnight Index Average | |
| SSB—State Street Bank & Trust Company | |
| T—Swap payment upon termination | |
| TBA—To Be Announced | |
| TD—The Toronto-Dominion Bank | |
| UAG—UBS AG |
| * | Non-income producing security. |
| # | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
| ~ | See tables subsequent to the Schedule of Investments for options detail. |
| ^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $61,029,817 and 0.8% of net assets. |
| (a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $69,380,932; cash collateral of $71,073,817 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
| (b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
| (c) | Variable rate instrument. The interest rate shown reflects the rate in effect at January 31, 2026. |
| (cc) | Variable rate instrument. The rate shown is based on the latest available information as of January 31, 2026. 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. |
| (d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
| (ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
| (h) | Represents security, or a portion thereof, segregated as collateral for OTC derivatives. |
| (k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
| (kk) | Represents security, or a portion thereof, segregated as collateral for TBA securities. |
| (oo) | Perpetual security. Maturity date represents next call date. |
| (p) | Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end. |
| (r) | Principal or notional amount is less than $500 par. |
| (s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
| (wa) | Represents investments in Funds affiliated with the Manager. |
| (x) | The following represents restricted securities that are acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law. |
| Issuer | Acquisition Date | Original Cost | Market Value | Percentage of Net Assets | ||||
| Cencora, Inc., Sr. Unsec’d. Notes, 3.450%, 12/15/27 | 06/06/23 | $80,622 | $84,181 | 0.0 % | ||||
| Diamond Sports Group LLC* | 01/02/25 | 149,955 | 10,767 | 0.0 | ||||
| Diamond Sports Group LLC, expiring 06/30/26 | 01/02/25 | — | 1 | 0.0 | ||||
| Digicel Group Holdings Ltd. (Jamaica) Sr. Sec’d. Notes, Series 1B14, 144A, 0.000%(s), 12/31/30 | 11/14/23 | 36 | 36 | 0.0 | ||||
| Digicel Group Holdings Ltd. (Jamaica) Sr. Sec’d. Notes, Series 3B14, 144A, 0.000%(s), 12/31/30^ | 11/14/23 | 24 | — | 0.0 | ||||
| Digicel International Finance Ltd. (Jamaica)*^ | 01/26/24-01/29/24 | 58,730 | 209,546 | 0.0 | ||||
| Digicel International Finance Ltd. (Jamaica)* | 01/29/24-01/30/24 | 310,724 | 4,693,627 | 0.1 | ||||
| Digicel International Finance Ltd./DIFL US LLC (Jamaica), Sr. Sec’d. Notes, 144A, 8.625%, 08/01/32 | 07/30/25 | 6,240,000 | 6,488,477 | 0.1 | ||||
| DISH DBS Corp., Gtd. Notes, 5.125%, 06/01/29 | 04/19/24 | 282,750 | 641,625 | 0.0 | ||||
| DISH DBS Corp., Gtd. Notes, 7.375%, 07/01/28 | 04/19/24 | 152,250 | 335,901 | 0.0 | ||||
| DISH DBS Corp., Gtd. Notes, 7.750%, 07/01/26 | 11/18/21-09/12/25 | 14,919,219 | 14,585,674 | 0.2 | ||||
| DISH Network Corp., Sr. Sec’d. Notes, 144A, 11.750%, 11/15/27 | 01/17/23-02/20/24 | 4,474,563 | 4,498,405 | 0.0 | ||||
| EchoStar Corp., Sr. Sec’d. Notes, 10.750%, 11/30/29 | 05/13/25-10/10/25 | 11,642,125 | 12,358,804 | 0.2 | ||||
| Greystone Commercial Capital Trust, Sr. Unsec’d. Notes, Series A, 144A, 1 Month SOFR + 3.150%, 7.460%(c), 05/31/26^(d) | 05/18/21 | 9,290,119 | 8,268,206 | 0.1 | ||||
| Total | $47,601,117 | $52,175,250 | 0.7% |
| Borrower | Principal Amount (000)# | Current Value | Unrealized Appreciation | Unrealized Depreciation | ||||
| ClubCorp Holdings, Inc., Delayed Draw Term Loan, Delayed Draw Term Loan, 1.000%, Maturity Date 07/09/32 (cost $129,095)^ | 131 | $129,267 | $172 | $— |
| Borrower | Principal Amount (000)# | Current Value | Unrealized Appreciation | Unrealized Depreciation | ||||
| ClubCorp Holdings, Inc., Revolver Loan, Revolver Loan, 0.500%, Maturity Date 07/10/31 (cost $215,159)^ | 218 | $215,446 | $287 | $— | ||||
| Doncasters US Finance LLC, 2025 Delayed Draw Term Loan, 2025 Delayed Draw Term Loan, 1.500%, Maturity Date 04/01/30 (cost $2,520,000)^ | 2,520 | 2,538,900 | 18,900 | — | ||||
| $2,883,613 | $19,359 | $— |
| Forward Commitment Contract: | |||||||||||
| U.S. Government Agency Obligations | Interest Rate | Maturity Date | Settlement Date | Principal Amount (000)# | Value | ||||||
| Federal National Mortgage Assoc. (proceeds receivable $8,185,625) | 6.000% | TBA | 03/12/26 | $(8,000) | $(8,187,773) | ||||||
| Exchange Traded | |||||||||||||||
| Description | Call/ Put | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | |||||||||
| 3 Month SOFR | Call | 03/13/26 | $96.38 | 484 | 1,210 | $48,400 | |||||||||
| (cost $54,725) | |||||||||||||||
| OTC Traded | |||||||||||||||
| Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | ||||||||
| 2-Year 30 CMS Curve CAP | Call | BOA | 05/13/26 | 1.30% | — | 26,280 | $— | ||||||||
| 2-Year 30 CMS Curve CAP | Call | CITI | 05/13/26 | 1.30% | — | 52,560 | — | ||||||||
| Currency Option EUR vs CZK | Call | CITI | 02/05/26 | 26.00 | — | EUR | 3,909 | — | |||||||
| Currency Option EUR vs CZK | Call | MSI | 02/24/26 | 26.00 | — | EUR | 3,922 | 6 | |||||||
| Currency Option EUR vs HUF | Call | MSI | 02/18/26 | 420.00 | — | EUR | 3,955 | 92 | |||||||
| Currency Option EUR vs RON | Call | MSI | 02/11/26 | 5.50 | — | EUR | 7,816 | 57 | |||||||
| Currency Option EUR vs TRY | Call | BOA | 02/17/26 | 99.00 | — | EUR | 15,651 | 5,120 | |||||||
| Currency Option USD vs BRL | Call | CITI | 02/18/26 | 6.50 | — | 4,588 | 90 | ||||||||
| Currency Option USD vs BRL | Call | CITI | 02/18/26 | 6.50 | — | 2,295 | 45 | ||||||||
| Currency Option USD vs BRL | Call | CITI | 02/18/26 | 6.50 | — | 2,295 | 45 | ||||||||
| Currency Option USD vs BRL | Call | CITI | 02/19/26 | 6.50 | — | 9,168 | 200 | ||||||||
| Currency Option USD vs BRL | Call | MSI | 02/24/26 | 6.50 | — | 4,589 | 126 | ||||||||
| Currency Option USD vs BRL | Call | MSI | 02/24/26 | 6.50 | — | 4,593 | 126 | ||||||||
| Currency Option USD vs BRL | Call | MSI | 02/25/26 | 6.50 | — | 4,605 | 137 | ||||||||
| Currency Option USD vs COP | Call | CITI | 02/25/26 | 4,500.00 | — | 4,593 | 384 | ||||||||
| Currency Option USD vs COP | Call | CITI | 02/25/26 | 4,500.00 | — | 4,593 | 384 | ||||||||
| Currency Option USD vs COP | Call | MSI | 02/25/26 | 4,500.00 | — | 4,605 | 385 | ||||||||
| Currency Option USD vs KRW | Call | CITI | 04/21/26 | 1,750.00 | — | 15,310 | 194 | ||||||||
| Currency Option USD vs TRY | Call | JPM | 02/06/26 | 99.00 | — | 6,863 | 253 | ||||||||
| Currency Option USD vs TRY | Call | BOA | 02/17/26 | 99.00 | — | 16,023 | 8,217 | ||||||||
| Currency Option USD vs TRY | Call | BOA | 02/25/26 | 99.00 | — | 4,593 | 2,503 | ||||||||
| Currency Option USD vs ZAR | Call | MSI | 02/19/26 | 19.00 | — | 9,168 | 611 | ||||||||
| Currency Option USD vs COP | Put | DB | 02/05/26 | 3,200.00 | — | 4,573 | — | ||||||||
| Currency Option USD vs COP | Put | MSI | 02/25/26 | 3,200.00 | — | 4,614 | 53 | ||||||||
| Currency Option USD vs KRW | Put | CITI | 04/21/26 | 1,455.00 | — | 15,310 | 308,914 | ||||||||
| Currency Option USD vs TRY | Put | BOA | 10/22/26 | 53.50 | — | 6,883 | 472,352 | ||||||||
| Currency Option USD vs TRY | Put | CITI | 10/22/26 | 53.50 | — | 6,883 | 472,352 | ||||||||
| Total OTC Traded (cost $1,332,653) | $1,272,646 | ||||||||||||||
| OTC Swaptions | |||||||||||||||||
| Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
| 2-Year Interest Rate Swap, 11/06/28 | Put | BNP | 11/04/26 | 3.21% | 1 Day SOFR(A)/ 3.680% | 3.21%(A) | 76,480 | $435,447 | |||||||||
| OTC Swaptions | ||||||||||||||||||
| Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | ||||||||||
| 2-Year Interest Rate Swap, 11/06/28 | Put | BNP | 11/04/26 | 8.19% | 1 Day SOFR(A)/ 3.680% | 8.19%(A) | 76,480 | $8 | ||||||||||
| CDX.NA.IG.45.V1, 12/20/30 | Put | BARC | 02/18/26 | 0.90% | CDX.NA.IG.45.V1(Q) | 1.00%(Q) | 216,410 | 6,627 | ||||||||||
| CDX.NA.IG.45.V1, 12/20/30 | Put | GSI | 03/18/26 | 0.85% | CDX.NA.IG.45.V1(Q) | 1.00%(Q) | 81,710 | 13,061 | ||||||||||
| Total OTC Swaptions (cost $513,482) | $455,143 | |||||||||||||||||
| Total Options Purchased (cost $1,900,860) | $1,776,189 | |||||||||||||||||
| Exchange Traded | |||||||||||||||
| Description | Call/ Put | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | |||||||||
| 3 Month SOFR | Call | 03/13/26 | $96.50 | 484 | 1,210 | $(21,175) | |||||||||
| (premiums received $26,000) | |||||||||||||||
| OTC Traded | |||||||||||||||||
| Description | Call/ Put | Counterparty | Expiration Date | Strike | Contracts | Notional Amount (000)# | Value | ||||||||||
| Currency Option EUR vs CZK | Call | CITI | 02/05/26 | 24.30 | — | EUR | 3,909 | $(12,276) | |||||||||
| Currency Option EUR vs CZK | Call | MSI | 02/24/26 | 24.35 | — | EUR | 3,922 | (15,041) | |||||||||
| Currency Option EUR vs HUF | Call | MSI | 02/18/26 | 387.00 | — | EUR | 3,955 | (8,971) | |||||||||
| Currency Option EUR vs RON | Call | MSI | 02/11/26 | 5.10 | — | EUR | 7,816 | (14,932) | |||||||||
| Currency Option EUR vs TRY | Call | BOA | 02/17/26 | 53.25 | — | EUR | 15,651 | (117,202) | |||||||||
| Currency Option USD vs BRL | Call | CITI | 02/18/26 | 5.42 | — | 4,588 | (15,439) | ||||||||||
| Currency Option USD vs BRL | Call | CITI | 02/18/26 | 5.42 | — | 2,295 | (7,723) | ||||||||||
| Currency Option USD vs BRL | Call | CITI | 02/18/26 | 5.42 | — | 2,295 | (7,723) | ||||||||||
| Currency Option USD vs BRL | Call | CITI | 02/19/26 | 5.38 | — | 9,168 | (44,078) | ||||||||||
| Currency Option USD vs BRL | Call | MSI | 02/24/26 | 5.35 | — | 4,589 | (31,962) | ||||||||||
| Currency Option USD vs BRL | Call | MSI | 02/24/26 | 5.40 | — | 4,593 | (22,704) | ||||||||||
| Currency Option USD vs BRL | Call | MSI | 02/25/26 | 5.30 | — | 4,605 | (46,578) | ||||||||||
| Currency Option USD vs COP | Call | CITI | 02/25/26 | 3,750.00 | — | 4,593 | (59,816) | ||||||||||
| Currency Option USD vs COP | Call | MSI | 02/25/26 | 3,750.00 | — | 4,605 | (59,972) | ||||||||||
| Currency Option USD vs COP | Call | CITI | 02/25/26 | 3,800.00 | — | 4,593 | (40,996) | ||||||||||
| Currency Option USD vs KRW | Call | CITI | 04/21/26 | 1,470.00 | — | 15,310 | (144,250) | ||||||||||
| Currency Option USD vs TRY | Call | JPM | 02/06/26 | 45.00 | — | 6,863 | (7,107) | ||||||||||
| Currency Option USD vs TRY | Call | BOA | 02/17/26 | 45.00 | — | 16,023 | (63,281) | ||||||||||
| Currency Option USD vs TRY | Call | BOA | 02/25/26 | 44.30 | — | 4,593 | (38,011) | ||||||||||
| Currency Option USD vs ZAR | Call | MSI | 02/19/26 | 16.35 | — | 9,168 | (63,701) | ||||||||||
| Currency Option USD vs COP | Put | DB | 02/05/26 | 3,800.00 | — | 4,573 | (130,313) | ||||||||||
| Currency Option USD vs COP | Put | MSI | 02/25/26 | 3,800.00 | — | 4,614 | (147,728) | ||||||||||
| Currency Option USD vs TRY | Put | BOA | 10/22/26 | 48.00 | — | 6,883 | (62,754) | ||||||||||
| Currency Option USD vs TRY | Put | CITI | 10/22/26 | 48.00 | — | 6,883 | (62,754) | ||||||||||
| Total OTC Traded (premiums received $1,553,328) | $(1,225,312) | ||||||||||||||||
| OTC Swaptions | |||||||||||||||||
| Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | |||||||||
| 2-Year Interest Rate Swap, 11/06/28 | Put | BNP | 11/04/26 | 3.49% | 3.49%(A) | 1 Day SOFR(A)/ 3.680% | 76,480 | $(226,571) | |||||||||
| 2-Year Interest Rate Swap, 11/06/28 | Put | BNP | 11/04/26 | 3.69% | 3.69%(A) | 1 Day SOFR(A)/ 3.680% | 76,480 | (133,046) | |||||||||
| CDX.NA.HY.45.V1, 12/20/30 | Put | BARC | 03/18/26 | $102.76 | 5.00%(Q) | CDX.NA.HY.45.V1(Q) | 9,240 | (10,557) | |||||||||
| CDX.NA.HY.45.V1, 12/20/30 | Put | RBC | 03/18/26 | $102.76 | 5.00%(Q) | CDX.NA.HY.45.V1(Q) | 12,820 | (14,647) | |||||||||
| CDX.NA.HY.45.V1, 12/20/30 | Put | BARC | 03/18/26 | $104.28 | 5.00%(Q) | CDX.NA.HY.45.V1(Q) | 9,450 | (15,426) | |||||||||
| CDX.NA.HY.45.V1, 12/20/30 | Put | RBC | 03/18/26 | $104.28 | 5.00%(Q) | CDX.NA.HY.45.V1(Q) | 15,470 | (25,254) | |||||||||
| CDX.NA.IG.45.V1, 12/20/30 | Put | BARC | 02/18/26 | 0.73% | 1.00%(Q) | CDX.NA.IG.45.V1(Q) | 75,600 | (4,036) | |||||||||
| CDX.NA.IG.45.V1, 12/20/30 | Put | BARC | 04/15/26 | 0.75% | 1.00%(Q) | CDX.NA.IG.45.V1(Q) | 216,410 | (83,624) | |||||||||
| CDX.NA.IG.45.V1, 12/20/30 | Put | GSI | 05/20/26 | 0.70% | 1.00%(Q) | CDX.NA.IG.45.V1(Q) | 163,420 | (133,087) | |||||||||
| OTC Swaptions | ||||||||||||||||||
| Description | Call/ Put | Counterparty | Expiration Date | Strike | Receive | Pay | Notional Amount (000)# | Value | ||||||||||
| CDX.NA.IG.45.V1, 12/20/30 | Put | GSI | 05/20/26 | 0.70% | 1.00%(Q) | CDX.NA.IG.45.V1(Q) | 402,625 | $(327,893) | ||||||||||
| Total OTC Swaptions (premiums received $1,583,398) | $(974,141) | |||||||||||||||||
| Total Options Written (premiums received $3,162,726) | $(2,220,628) | |||||||||||||||||
| Futures contracts outstanding at January 31, 2026: | ||||||||
| Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
| Long Positions: | ||||||||
| 8,336 | 2 Year U.S. Treasury Notes | Mar. 2026 | $1,737,990,879 | $(1,907,348) | ||||
| 630 | 5 Year U.S. Treasury Notes | Mar. 2026 | 68,625,705 | (6,445) | ||||
| 2,112 | 20 Year U.S. Treasury Bonds | Mar. 2026 | 243,144,000 | (1,905,694) | ||||
| (3,819,487) | ||||||||
| Short Positions: | ||||||||
| 150 | 5 Year Euro-Bobl | Mar. 2026 | 20,733,550 | 68,189 | ||||
| 88 | 10 Year Euro-Bund | Mar. 2026 | 13,369,515 | 119,875 | ||||
| 1,323 | 10 Year U.S. Treasury Notes | Mar. 2026 | 147,948,616 | 858,617 | ||||
| 819 | 10 Year U.S. Ultra Treasury Notes | Mar. 2026 | 93,493,969 | 991,456 | ||||
| 1,009 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2026 | 118,494,438 | 2,066,739 | ||||
| 100 | Euro Schatz Index | Mar. 2026 | 12,671,984 | 8,797 | ||||
| 90 | CBOE iBoxx iShares Investment Grade Corporate Bond Index | Mar. 2026 | 13,213,350 | (29,466) | ||||
| 4,084,207 | ||||||||
| $264,720 | ||||||||
| Purchase Bond Forwards | Counterparty | Settlement Date | Notional Amount (000)# | Strike Price | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||||
| OTC Bond Forward Contracts: | |||||||||||||||||
| U.S. Treasury Bond | |||||||||||||||||
| 3.375%, 11/30/2027 | GSI | 03/11/26 | 296,000 | $99.74 | $295,235,559 | $295,340,485 | $104,926 | $— | |||||||||
| 3.375%, 11/30/2027 | GSI | 03/11/26 | 376,000 | $99.74 | 375,028,954 | 375,162,238 | 133,284 | — | |||||||||
| 2.250%, 11/15/2027 | JPM | 03/17/26 | 102,600 | $98.06 | 100,608,372 | 100,526,727 | — | (81,645) | |||||||||
| 2.375%, 5/15/2027 | JPM | 03/17/26 | 217,100 | $98.78 | 214,461,469 | 214,333,899 | — | (127,570) | |||||||||
| $985,334,354 | $985,363,349 | $238,210 | $(209,215) | ||||||||||||||
| Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
| OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
| Brazilian Real, | |||||||||||||
| Expiring 02/03/26 | BARC | BRL | 14,618 | $2,750,000 | $2,774,566 | $24,566 | $— | ||||||
| Expiring 02/03/26 | GSI | BRL | 126,174 | 23,143,387 | 23,949,096 | 805,709 | — | ||||||
| Expiring 03/03/26 | CITI | BRL | 63,758 | 12,166,577 | 12,028,864 | — | (137,713) | ||||||
| Expiring 03/03/26 | CITI | BRL | 14,630 | 2,759,000 | 2,760,080 | 1,080 | — | ||||||
| Expiring 03/03/26 | DB | BRL | 24,487 | 4,589,000 | 4,619,826 | 30,826 | — | ||||||
| Expiring 03/03/26 | GSI | BRL | 24,058 | 4,614,000 | 4,538,880 | — | (75,120) | ||||||
| Chilean Peso, | |||||||||||||
| Expiring 03/18/26 | BOA | CLP | 2,188,031 | 2,401,000 | 2,503,193 | 102,193 | — | ||||||
| Expiring 03/18/26 | CITI | CLP | 3,303,632 | 3,682,466 | 3,779,485 | 97,019 | — | ||||||
| Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
| OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
| Chilean Peso (cont’d.), | |||||||||||||
| Expiring 03/18/26 | CITI | CLP | 1,953,960 | $2,178,534 | $2,235,406 | $56,872 | $— | ||||||
| Expiring 03/18/26 | DB | CLP | 3,195,858 | 3,605,000 | 3,656,186 | 51,186 | — | ||||||
| Chinese Renminbi, | |||||||||||||
| Expiring 03/18/26 | HSBC | CNH | 49,247 | 7,008,347 | 7,094,785 | 86,438 | — | ||||||
| Colombian Peso, | |||||||||||||
| Expiring 02/02/26 | MSI | COP | 17,286,200 | 4,549,000 | 4,673,143 | 124,143 | — | ||||||
| Expiring 03/18/26 | CITI | COP | 39,805,100 | 10,176,429 | 10,664,398 | 487,969 | — | ||||||
| Czech Koruna, | |||||||||||||
| Expiring 04/22/26 | BOA | CZK | 75,061 | 3,594,000 | 3,659,128 | 65,128 | — | ||||||
| Euro, | |||||||||||||
| Expiring 04/22/26 | MSI | EUR | 14,349 | 17,269,769 | 17,074,553 | — | (195,216) | ||||||
| Indian Rupee, | |||||||||||||
| Expiring 03/18/26 | BOA | INR | 1,150,815 | 12,699,000 | 12,500,164 | — | (198,836) | ||||||
| Expiring 03/18/26 | BOA | INR | 701,195 | 7,736,000 | 7,616,385 | — | (119,615) | ||||||
| Expiring 03/18/26 | CITI | INR | 579,683 | 6,374,000 | 6,296,527 | — | (77,473) | ||||||
| Expiring 03/18/26 | JPM | INR | 2,584,292 | 28,422,233 | 28,070,598 | — | (351,635) | ||||||
| Expiring 03/18/26 | UAG | INR | 2,584,292 | 28,498,710 | 28,070,598 | — | (428,112) | ||||||
| Indonesian Rupiah, | |||||||||||||
| Expiring 03/13/26 | BOA | IDR | 95,894,317 | 5,676,000 | 5,711,485 | 35,485 | — | ||||||
| Expiring 03/13/26 | CITI | IDR | 228,390,000 | 13,644,184 | 13,602,956 | — | (41,228) | ||||||
| Expiring 03/13/26 | SCB | IDR | 107,023,291 | 6,384,000 | 6,374,329 | — | (9,671) | ||||||
| Mexican Peso, | |||||||||||||
| Expiring 03/18/26 | BOA | MXN | 393,569 | 21,905,000 | 22,420,640 | 515,640 | — | ||||||
| Expiring 03/18/26 | CITI | MXN | 131,318 | 7,504,000 | 7,480,836 | — | (23,164) | ||||||
| Expiring 03/18/26 | DB | MXN | 93,255 | 5,154,000 | 5,312,473 | 158,473 | — | ||||||
| New Taiwanese Dollar, | |||||||||||||
| Expiring 03/18/26 | CITI | TWD | 93,066 | 2,940,000 | 2,939,972 | — | (28) | ||||||
| Expiring 03/18/26 | JPM | TWD | 142,352 | 4,549,000 | 4,496,936 | — | (52,064) | ||||||
| Expiring 03/18/26 | MSI | TWD | 203,715 | 6,539,983 | 6,435,402 | — | (104,581) | ||||||
| Expiring 03/18/26 | MSI | TWD | 146,394 | 4,632,000 | 4,624,640 | — | (7,360) | ||||||
| Expiring 03/18/26 | MSI | TWD | 137,547 | 4,415,000 | 4,345,153 | — | (69,847) | ||||||
| Expiring 03/18/26 | MSI | TWD | 136,382 | 4,385,000 | 4,308,355 | — | (76,645) | ||||||
| Expiring 03/18/26 | SCB | TWD | 130,795 | 4,189,000 | 4,131,859 | — | (57,141) | ||||||
| Peruvian Nuevo Sol, | |||||||||||||
| Expiring 03/18/26 | CITI | PEN | 15,431 | 4,573,793 | 4,574,919 | 1,126 | — | ||||||
| Expiring 03/18/26 | CITI | PEN | 12,700 | 3,774,000 | 3,765,194 | — | (8,806) | ||||||
| Philippine Peso, | |||||||||||||
| Expiring 03/18/26 | BOA | PHP | 237,472 | 3,991,000 | 4,023,852 | 32,852 | — | ||||||
| Expiring 03/18/26 | CITI | PHP | 219,884 | 3,742,000 | 3,725,819 | — | (16,181) | ||||||
| Expiring 03/18/26 | SCB | PHP | 264,636 | 4,473,000 | 4,484,126 | 11,126 | — | ||||||
| Polish Zloty, | |||||||||||||
| Expiring 04/22/26 | BARC | PLN | 22,114 | 6,230,000 | 6,223,612 | — | (6,388) | ||||||
| Expiring 04/22/26 | TD | PLN | 9,519 | 2,670,000 | 2,679,007 | 9,007 | — | ||||||
| Singapore Dollar, | |||||||||||||
| Expiring 03/18/26 | BOA | SGD | 11,119 | 8,717,000 | 8,770,363 | 53,363 | — | ||||||
| Expiring 03/18/26 | DB | SGD | 4,976 | 3,888,000 | 3,924,727 | 36,727 | — | ||||||
| Expiring 03/18/26 | GSI | SGD | 7,691 | 6,054,400 | 6,066,073 | 11,673 | — | ||||||
| Expiring 03/18/26 | HSBC | SGD | 3,255 | 2,538,000 | 2,567,358 | 29,358 | — | ||||||
| Expiring 03/18/26 | JPM | SGD | 11,493 | 9,081,600 | 9,064,662 | — | (16,938) | ||||||
| Expiring 03/18/26 | JPM | SGD | 11,412 | 8,961,000 | 9,001,431 | 40,431 | — | ||||||
| Expiring 03/18/26 | MSI | SGD | 8,338 | 6,522,000 | 6,576,435 | 54,435 | — | ||||||
| Expiring 03/18/26 | MSI | SGD | 3,037 | 2,368,000 | 2,395,529 | 27,529 | — | ||||||
| Expiring 03/18/26 | SSB | SGD | 11,668 | 9,109,000 | 9,202,655 | 93,655 | — | ||||||
| Expiring 03/18/26 | SSB | SGD | 7,625 | 5,953,000 | 6,014,377 | 61,377 | — | ||||||
| South African Rand, | |||||||||||||
| Expiring 03/18/26 | DB | ZAR | 38,970 | 2,268,000 | 2,403,758 | 135,758 | — | ||||||
| Expiring 03/18/26 | GSI | ZAR | 29,961 | 1,758,681 | 1,848,070 | 89,389 | — | ||||||
| Expiring 03/18/26 | JPM | ZAR | 46,905 | 2,850,000 | 2,893,203 | 43,203 | — | ||||||
| Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
| OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
| South Korean Won, | |||||||||||||
| Expiring 03/18/26 | JPM | KRW | 16,534,326 | $11,287,000 | $11,415,675 | $128,675 | $— | ||||||
| Expiring 03/18/26 | MSI | KRW | 6,896,225 | 4,783,000 | 4,761,311 | — | (21,689) | ||||||
| Expiring 03/18/26 | MSI | KRW | 2,491,565 | 1,696,500 | 1,720,233 | 23,733 | — | ||||||
| Expiring 03/18/26 | UAG | KRW | 4,811,741 | 3,332,000 | 3,322,136 | — | (9,864) | ||||||
| Turkish Lira, | |||||||||||||
| Expiring 02/12/26 | BOA | TRY | 195,443 | 4,422,747 | 4,449,785 | 27,038 | — | ||||||
| Expiring 02/12/26 | GSI | TRY | 159,614 | 3,608,000 | 3,634,041 | 26,041 | — | ||||||
| Expiring 02/12/26 | UAG | TRY | 202,134 | 4,588,000 | 4,602,103 | 14,103 | — | ||||||
| Expiring 02/12/26 | UAG | TRY | 133,486 | 3,018,000 | 3,039,164 | 21,164 | — | ||||||
| Expiring 02/23/26 | BARC | TRY | 322,004 | 7,235,060 | 7,272,678 | 37,618 | — | ||||||
| Expiring 02/26/26 | HSBC | TRY | 322,004 | 7,243,116 | 7,256,863 | 13,747 | — | ||||||
| $430,869,516 | $432,430,056 | 3,665,855 | (2,105,315) | ||||||||||
| Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
| OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
| Brazilian Real, | |||||||||||||
| Expiring 02/03/26 | CITI | BRL | 63,758 | $12,242,268 | $12,101,833 | $140,435 | $— | ||||||
| Expiring 02/03/26 | CITI | BRL | 15,607 | 2,881,000 | 2,962,402 | — | (81,402) | ||||||
| Expiring 02/03/26 | DB | BRL | 29,175 | 5,375,000 | 5,537,731 | — | (162,731) | ||||||
| Expiring 02/03/26 | GSI | BRL | 17,358 | 3,205,000 | 3,294,769 | — | (89,769) | ||||||
| Expiring 02/03/26 | GSI | BRL | 14,893 | 2,733,000 | 2,826,927 | — | (93,927) | ||||||
| British Pound, | |||||||||||||
| Expiring 04/22/26 | BNY | GBP | 35,961 | 48,382,569 | 49,201,922 | — | (819,353) | ||||||
| Chilean Peso, | |||||||||||||
| Expiring 03/18/26 | CITI | CLP | 15,482,768 | 16,830,560 | 17,712,893 | — | (882,333) | ||||||
| Chinese Renminbi, | |||||||||||||
| Expiring 03/18/26 | BNP | CNH | 92,750 | 13,378,200 | 13,361,959 | 16,241 | — | ||||||
| Expiring 03/18/26 | HSBC | CNH | 53,346 | 7,662,000 | 7,685,322 | — | (23,322) | ||||||
| Expiring 03/18/26 | HSBC | CNH | 52,487 | 7,539,000 | 7,561,445 | — | (22,445) | ||||||
| Expiring 03/18/26 | JPM | CNH | 61,863 | 8,918,800 | 8,912,219 | 6,581 | — | ||||||
| Colombian Peso, | |||||||||||||
| Expiring 02/02/26 | CITI | COP | 17,286,200 | 4,549,000 | 4,673,143 | — | (124,143) | ||||||
| Expiring 03/18/26 | MSI | COP | 10,578,629 | 2,693,000 | 2,834,177 | — | (141,177) | ||||||
| Czech Koruna, | |||||||||||||
| Expiring 04/22/26 | TD | CZK | 462,945 | 22,289,096 | 22,567,939 | — | (278,843) | ||||||
| Euro, | |||||||||||||
| Expiring 04/22/26 | DB | EUR | 191,597 | 224,351,918 | 227,995,902 | — | (3,643,984) | ||||||
| Expiring 04/22/26 | SSB | EUR | 223,530 | 260,971,027 | 265,995,219 | — | (5,024,192) | ||||||
| Expiring 04/22/26 | UAG | EUR | 223,530 | 260,862,614 | 265,995,218 | — | (5,132,604) | ||||||
| Indian Rupee, | |||||||||||||
| Expiring 03/18/26 | BOA | INR | 807,235 | 8,929,000 | 8,768,196 | 160,804 | — | ||||||
| Expiring 03/18/26 | BOA | INR | 741,655 | 8,169,000 | 8,055,867 | 113,133 | — | ||||||
| Expiring 03/18/26 | DB | INR | 547,830 | 5,941,760 | 5,950,537 | — | (8,777) | ||||||
| Expiring 03/18/26 | GSI | INR | 172,661 | 1,893,000 | 1,875,440 | 17,560 | — | ||||||
| Expiring 03/18/26 | HSBC | INR | 1,061,620 | 11,701,000 | 11,531,326 | 169,674 | — | ||||||
| Expiring 03/18/26 | JPM | INR | 386,405 | 4,198,225 | 4,197,131 | 1,094 | — | ||||||
| Expiring 03/18/26 | SSB | INR | 446,469 | 4,933,000 | 4,849,546 | 83,454 | — | ||||||
| Expiring 03/18/26 | UAG | INR | 775,672 | 8,428,015 | 8,425,360 | 2,655 | — | ||||||
| Indonesian Rupiah, | |||||||||||||
| Expiring 03/13/26 | HSBC | IDR | 242,382,864 | 14,246,544 | 14,436,374 | — | (189,830) | ||||||
| Expiring 03/13/26 | HSBC | IDR | 68,121,092 | 4,018,256 | 4,057,306 | — | (39,050) | ||||||
| Expiring 03/13/26 | HSBC | IDR | 66,622,153 | 3,936,200 | 3,968,029 | — | (31,829) | ||||||
| Expiring 03/13/26 | HSBC | IDR | 53,796,703 | 3,188,000 | 3,204,143 | — | (16,143) | ||||||
| Mexican Peso, | |||||||||||||
| Expiring 03/18/26 | BNY | MXN | 67,740 | 3,690,639 | 3,858,966 | — | (168,327) | ||||||
| Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
| OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
| Mexican Peso (cont’d.), | |||||||||||||
| Expiring 03/18/26 | MSI | MXN | 326,803 | $18,054,153 | $18,617,123 | $— | $(562,970) | ||||||
| New Taiwanese Dollar, | |||||||||||||
| Expiring 03/18/26 | MSI | TWD | 246,735 | 7,813,000 | 7,794,415 | 18,585 | — | ||||||
| Peruvian Nuevo Sol, | |||||||||||||
| Expiring 03/18/26 | CITI | PEN | 9,209 | 2,723,000 | 2,730,371 | — | (7,371) | ||||||
| Expiring 03/18/26 | CITI | PEN | 8,509 | 2,521,428 | 2,522,716 | — | (1,288) | ||||||
| Expiring 03/18/26 | CITI | PEN | 6,023 | 1,780,500 | 1,785,784 | — | (5,284) | ||||||
| Philippine Peso, | |||||||||||||
| Expiring 03/18/26 | CITI | PHP | 299,066 | 5,038,000 | 5,067,520 | — | (29,520) | ||||||
| Expiring 03/18/26 | HSBC | PHP | 170,496 | 2,865,000 | 2,888,972 | — | (23,972) | ||||||
| Expiring 03/18/26 | HSBC | PHP | 119,219 | 2,014,508 | 2,020,099 | — | (5,591) | ||||||
| Polish Zloty, | |||||||||||||
| Expiring 04/22/26 | BARC | PLN | 29,357 | 8,124,465 | 8,262,036 | — | (137,571) | ||||||
| Singapore Dollar, | |||||||||||||
| Expiring 03/18/26 | BNP | SGD | 6,758 | 5,270,000 | 5,330,308 | — | (60,308) | ||||||
| Expiring 03/18/26 | BOA | SGD | 3,281 | 2,567,000 | 2,587,764 | — | (20,764) | ||||||
| Expiring 03/18/26 | CITI | SGD | 3,067 | 2,391,000 | 2,419,086 | — | (28,086) | ||||||
| Expiring 03/18/26 | MSI | SGD | 92,419 | 71,829,073 | 72,894,540 | — | (1,065,467) | ||||||
| South African Rand, | |||||||||||||
| Expiring 03/18/26 | MSI | ZAR | 152,291 | 9,173,410 | 9,393,645 | — | (220,235) | ||||||
| Expiring 03/18/26 | MSI | ZAR | 90,627 | 5,473,000 | 5,590,116 | — | (117,116) | ||||||
| Expiring 03/18/26 | MSI | ZAR | 76,538 | 4,554,872 | 4,721,063 | — | (166,191) | ||||||
| South Korean Won, | |||||||||||||
| Expiring 03/18/26 | BOA | KRW | 3,407,659 | 2,327,000 | 2,352,725 | — | (25,725) | ||||||
| Expiring 03/18/26 | CITI | KRW | 21,299,626 | 14,544,355 | 14,705,746 | — | (161,391) | ||||||
| Thai Baht, | |||||||||||||
| Expiring 03/18/26 | HSBC | THB | 191,839 | 6,089,343 | 6,116,358 | — | (27,015) | ||||||
| Expiring 03/18/26 | HSBC | THB | 104,225 | 3,320,000 | 3,322,980 | — | (2,980) | ||||||
| Expiring 03/18/26 | JPM | THB | 113,072 | 3,600,000 | 3,605,056 | — | (5,056) | ||||||
| Expiring 03/18/26 | MSI | THB | 86,265 | 2,753,000 | 2,750,380 | 2,620 | — | ||||||
| Expiring 03/18/26 | UAG | THB | 174,286 | 5,569,000 | 5,556,736 | 12,264 | — | ||||||
| $1,178,531,798 | $1,197,434,780 | 745,100 | (19,648,082) | ||||||||||
| $4,410,955 | $(21,753,397) | ||||||||||||
| Cross currency exchange contracts outstanding at January 31, 2026: | ||||||||||||||
| Settlement | Type | Notional Amount (000) | In Exchange For (000) | Unrealized Appreciation | Unrealized Depreciation | Counterparty | ||||||||
| OTC Cross Currency Exchange Contracts: | ||||||||||||||
| 04/22/26 | Buy | CZK | 55,082 | EUR | 2,257 | $— | $(612) | BOA | ||||||
| Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
| OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)**: | ||||||||||||||||
| Arab Republic of Egypt | 12/20/30 | 1.000%(Q) | 2,000 | $169,491 | $887 | $168,604 | BOA | |||||||||
| Dominican Republic | 12/20/30 | 1.000%(Q) | 2,000 | 30,038 | 887 | 29,151 | BOA | |||||||||
| Emirate of Abu Dhabi | 12/20/30 | 1.000%(Q) | 2,000 | (64,175) | 887 | (65,062) | BOA | |||||||||
| Federal Republic of Nigeria | 12/20/30 | 1.000%(Q) | 2,000 | 171,940 | 887 | 171,053 | BOA | |||||||||
| Federation of Malaysia | 12/20/30 | 1.000%(Q) | 2,000 | (56,668) | 887 | (57,555) | BOA | |||||||||
| Federative Republic of Brazil | 12/20/30 | 1.000%(Q) | 9,000 | 104,937 | 3,992 | 100,945 | BOA | |||||||||
| Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
| OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)**(cont’d.): | ||||||||||||||||
| Kingdom of Bahrain | 12/20/30 | 1.000%(Q) | 2,000 | $84,525 | $887 | $83,638 | BOA | |||||||||
| Kingdom of Morocco | 12/20/30 | 1.000%(Q) | 2,000 | (22,937) | 887 | (23,824) | BOA | |||||||||
| Kingdom of Saudi Arabia | 12/20/30 | 1.000%(Q) | 9,000 | (117,989) | 3,992 | (121,981) | BOA | |||||||||
| People’s Republic of China | 12/20/30 | 1.000%(Q) | 9,000 | (237,561) | 3,992 | (241,553) | BOA | |||||||||
| Republic of Argentina | 12/20/30 | 1.000%(Q) | 2,000 | 345,708 | 887 | 344,821 | BOA | |||||||||
| Republic of Chile | 12/20/30 | 1.000%(Q) | 4,000 | (112,790) | 1,774 | (114,564) | BOA | |||||||||
| Republic of Colombia | 12/20/30 | 1.000%(Q) | 6,000 | 263,641 | 2,662 | 260,979 | BOA | |||||||||
| Republic of Indonesia | 12/20/30 | 1.000%(Q) | 7,000 | (81,031) | 3,105 | (84,136) | BOA | |||||||||
| Republic of Ivory Coast | 12/20/30 | 1.000%(Q) | 2,000 | 126,781 | 887 | 125,894 | BOA | |||||||||
| Republic of Panama | 12/20/30 | 1.000%(Q) | 3,000 | 30,791 | 1,331 | 29,460 | BOA | |||||||||
| Republic of Peru | 12/20/30 | 1.000%(Q) | 3,000 | (56,518) | 1,331 | (57,849) | BOA | |||||||||
| Republic of Philippines | 12/20/30 | 1.000%(Q) | 3,000 | (57,932) | 1,331 | (59,263) | BOA | |||||||||
| Republic of South Africa | 12/20/30 | 1.000%(Q) | 9,000 | 138,041 | 3,992 | 134,049 | BOA | |||||||||
| Republic of Turkey | 12/20/30 | 1.000%(Q) | 9,000 | 445,502 | 3,992 | 441,510 | BOA | |||||||||
| Sultanate of Oman | 12/20/30 | 1.000%(Q) | 2,000 | (21,063) | 887 | (21,950) | BOA | |||||||||
| United Mexican States | 12/20/30 | 1.000%(Q) | 9,000 | (55,966) | 3,992 | (59,958) | BOA | |||||||||
| $1,026,765 | $44,356 | $982,409 | ||||||||||||||
| Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2026(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
| OTC Packaged Credit Default Swap Agreement on credit indices— Sell Protection(2)**: | |||||||||||||||||
| CDX.EM.44.V1 | 12/20/30 | 1.000%(Q) | 100,000 | 1.274% | $(1,082,440) | $(53,755) | $(1,028,685) | BOA | |||||||||
| ** | The Fund entered into multiple credit default swap agreements in a packaged trade consisting of two parts. The Fund bought/sold protection on an Emerging Market CDX Index and bought/sold protection on the countries which comprise the index. The upfront premium is attached to the index of the trade for the Emerging Markets CDX package(s). Each swap is priced individually. If any of the component swaps are closed out early, the Index exposure will be reduced by an amount proportionate to the terminated swap(s). |
| Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2026(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
| OTC Credit Default Swap Agreement on asset-backed and/or mortgage-backed securities - Sell Protection(2)^: | |||||||||||||||||
| GS_24-PCA | 08/02/27 | 1.650%(M) | 15,170 | * | $20,857 | $(4,808) | $25,665 | GSI | |||||||||
| Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
| OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1): | ||||||||||||||||
| Israel Electric Corp. Ltd. | 09/20/28 | 1.000%(Q) | 4,000 | $(41,668) | $51,113 | $(92,781) | BARC | |||||||||
| Kingdom of Bahrain | 06/20/28 | 1.000%(Q) | 2,000 | 16,356 | — | 16,356 | BARC | |||||||||
| Kingdom of Morocco | 12/20/27 | 1.000%(Q) | 10,000 | (134,040) | (49,725) | (84,315) | GSI | |||||||||
| Republic of France | 12/20/30 | 0.250%(Q) | 6,040 | (37,387) | (17,627) | (19,760) | BARC | |||||||||
| Republic of Panama | 06/20/28 | 1.000%(Q) | 10,670 | (78,049) | (48,356) | (29,693) | DB | |||||||||
| Republic of Romania | 12/20/29 | 1.000%(Q) | EUR | 10,500 | (27,553) | 313,118 | (340,671) | BARC | ||||||||
| Republic of South Africa | 06/20/26 | 1.000%(Q) | 20,000 | (85,963) | 22,911 | (108,874) | GSI | |||||||||
| Republic of South Africa | 12/20/28 | 1.000%(Q) | 5,000 | (35,183) | 86,568 | (121,751) | GSI | |||||||||
| $(423,487) | $358,002 | $(781,489) | ||||||||||||||
| Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2026(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
| OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2): | |||||||||||||||||
| Alphabet, Inc. | 06/20/30 | 1.000%(Q) | 7,945 | 0.329% | $226,375 | $191,989 | $34,386 | GSI | |||||||||
| Bank of Montreal^ | 11/20/29 | 1.250%(Q) | 835 | * | 4,204 | — | 4,204 | GSI | |||||||||
| Bank of Nova Scotia | 12/20/26 | 1.000%(Q) | 4,961 | 0.152% | 42,678 | 31,486 | 11,192 | CITI | |||||||||
| Barclays Bank PLC | 06/20/26 | 1.000%(Q) | EUR | 4,305 | 0.202% | 21,634 | 13,167 | 8,467 | GSI | ||||||||
| Canadian Imperial Bank of Commerce^ | 06/20/28 | 1.100%(Q) | 665 | * | 3,623 | — | 3,623 | GSI | |||||||||
| Citigroup, Inc. | 12/20/26 | 1.000%(Q) | 21,730 | 0.256% | 166,940 | 132,471 | 34,469 | GSI | |||||||||
| Colombia Telecomunicaciones SA ESP | 03/20/26 | 1.000%(T) | 1,700 | 0.809% | 2,373 | (670) | 3,043 | BARC | |||||||||
| Deutsche Telekom AG | 06/20/26 | 1.000%(Q) | EUR | 2,226 | 0.099% | 12,252 | 9,337 | 2,915 | JPM | ||||||||
| Federative Republic of Brazil | 06/20/26 | 1.000%(Q) | 3,250 | 0.445% | 10,673 | 7,415 | 3,258 | BARC | |||||||||
| General Motors Co. | 06/20/26 | 5.000%(Q) | 3,580 | 0.223% | 87,482 | 53,178 | 34,304 | GSI | |||||||||
| Halliburton Co. | 12/20/26 | 1.000%(Q) | 1,600 | 0.166% | 13,666 | 2,706 | 10,960 | GSI | |||||||||
| Hellenic Republic | 12/20/26 | 1.000%(Q) | 6,998 | 0.061% | 65,876 | 56,220 | 9,656 | BARC | |||||||||
| Hellenic Republic | 06/20/27 | 1.000%(Q) | 1,440 | 0.097% | 19,393 | 13,882 | 5,511 | BARC | |||||||||
| Hellenic Republic | 12/20/27 | 1.000%(Q) | 1,080 | 0.113% | 18,869 | 12,861 | 6,008 | BARC | |||||||||
| HSBC Bank PLC | 12/20/26 | 1.000%(Q) | 7,462 | 0.169% | 63,112 | 55,412 | 7,700 | MSI | |||||||||
| Kingdom of Norway | 12/20/26 | —%(Q) | 20,000 | 0.039% | (6,900) | (8,809) | 1,909 | BARC | |||||||||
| Kingdom of Saudi Arabia | 03/20/26 | 1.000%(Q) | 1,310 | 0.269% | 2,784 | 1,302 | 1,482 | CITI | |||||||||
| Kingdom of Saudi Arabia | 06/20/26 | 1.000%(Q) | 1,310 | 0.274% | 5,167 | 3,703 | 1,464 | CITI | |||||||||
| Kingdom of Spain | 06/20/26 | 1.000%(Q) | EUR | 5,077 | 0.029% | 29,597 | 22,012 | 7,585 | BARC | ||||||||
| Kingdom of Spain | 06/20/26 | —%(Q) | EUR | 4,800 | 0.048% | (1,055) | (436) | (619) | BARC | ||||||||
| Nomura Holdings, Inc. | 06/20/26 | 1.000%(Q) | 13,385 | 0.233% | 54,947 | 38,536 | 16,411 | BARC | |||||||||
| Oracle Corp. | 06/20/30 | 1.000%(Q) | 3,650 | 1.454% | (61,253) | 72,889 | (134,142) | GSI | |||||||||
| Pacific Life | 08/20/35 | 2.500%(Q) | 1,000 | 2.925% | (28,461) | (3) | (28,458) | GSI | |||||||||
| Petroleos Mexicanos | 03/20/26 | 1.000%(T) | 2,889 | 1.433% | 1,604 | (1,136) | 2,740 | BARC | |||||||||
| Petroleos Mexicanos^ | 03/23/26 | 4.100%(M) | 6,000 | * | 15,695 | — | 15,695 | GSI | |||||||||
| Petroleos Mexicanos^ | 05/07/26 | 4.750%(M) | 9,120 | * | 110,168 | — | 110,168 | GSI | |||||||||
| Republic of Argentina | 12/20/26 | 5.000%(Q) | 4,000 | 2.178% | 121,186 | (36,845) | 158,031 | MSI | |||||||||
| Republic of Ecuador | 06/20/27 | 5.000%(Q) | 9,700 | 1.938% | 455,513 | (41,553) | 497,066 | GSI | |||||||||
| Republic of Ecuador | 12/20/27 | 5.000%(Q) | 900 | 2.256% | 49,687 | (5,815) | 55,502 | GSI | |||||||||
| Republic of France | 06/20/26 | 5.000%(Q) | EUR | 1,385 | 1.591% | 31,009 | 15,446 | 15,563 | GSI | ||||||||
| Republic of France | 06/20/27 | 0.250%(Q) | 3,280 | 0.094% | 7,912 | 5,546 | 2,366 | BARC | |||||||||
| Republic of France | 12/20/30 | 0.250%(Q) | 6,040 | 0.250% | 1,830 | (36,299) | 38,129 | BARC | |||||||||
| Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at January 31, 2026(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
| OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont’d.): | |||||||||||||||||
| Republic of France | 06/20/35 | 0.250%(Q) | 2,390 | 0.523% | $(50,437) | $(79,198) | $28,761 | BARC | |||||||||
| Republic of France | 06/20/35 | 0.250%(Q) | 1,540 | 0.523% | (32,499) | (52,748) | 20,249 | BARC | |||||||||
| Republic of Italy | 06/20/26 | 1.000%(Q) | 4,693 | 0.038% | 22,933 | 17,174 | 5,759 | BARC | |||||||||
| Republic of Ivory Coast | 06/20/27 | 1.000%(Q) | 2,500 | 1.335% | (8,473) | (52,982) | 44,509 | MSI | |||||||||
| Republic of Ivory Coast | 06/20/27 | 1.000%(Q) | 1,500 | 1.335% | (5,084) | (3,114) | (1,970) | BARC | |||||||||
| Republic of Panama | 03/20/26 | 1.000%(T) | 2,653 | 0.478% | 4,887 | 1,817 | 3,070 | CITI | |||||||||
| Republic of Panama | 06/20/26 | 1.000%(Q) | 2,407 | 0.478% | 7,595 | 4,607 | 2,988 | CITI | |||||||||
| Republic of Panama^ | 06/20/28 | 1.000%(Q) | 10,670 | * | (7,722) | (71,887) | 64,165 | DB | |||||||||
| Republic of Romania | 12/20/26 | 1.000%(Q) | 667 | 0.337% | 4,648 | 2,903 | 1,745 | BOA | |||||||||
| Republic of Serbia | 06/20/29 | 1.000%(Q) | 1,165 | 0.979% | 2,122 | (16,114) | 18,236 | BARC | |||||||||
| Siemens AG | 06/20/26 | 1.000%(Q) | EUR | 2,986 | 0.074% | 16,780 | 12,939 | 3,841 | JPM | ||||||||
| Simon Property Group LP | 06/20/26 | 1.000%(Q) | 3,240 | 0.113% | 14,982 | 2,867 | 12,115 | GSI | |||||||||
| Skandinaviska Enskilda Banken AB | 12/20/26 | 1.000%(Q) | 5,325 | 0.111% | 47,746 | 41,424 | 6,322 | MSI | |||||||||
| Slovak Republic | 12/20/27 | 1.000%(Q) | 2,410 | 0.134% | 41,198 | 36,647 | 4,551 | BARC | |||||||||
| SoftBank Group Corp. | 06/20/26 | 1.000%(Q) | 5,410 | 1.775% | (9,979) | (10,249) | 270 | GSI | |||||||||
| Standard Chartered PLC | 12/20/26 | 1.000%(Q) | 3,427 | 0.180% | 28,633 | 24,848 | 3,785 | MSI | |||||||||
| State of Qatar | 12/20/26 | 1.000%(Q) | 3,435 | 0.095% | 31,297 | 26,438 | 4,859 | BARC | |||||||||
| TotalEnergies Capital SA | 03/20/26 | 1.000%(T) | EUR | 5,750 | 0.078% | 16,274 | 8,417 | 7,857 | JPM | ||||||||
| TotalEnergies Capital SA | 12/20/26 | 1.000%(Q) | EUR | 3,158 | 0.104% | 34,092 | 30,104 | 3,988 | JPM | ||||||||
| U.S. Treasury Notes | 06/20/26 | 0.250%(Q) | EUR | 13,030 | 0.073% | 15,026 | 7,738 | 7,288 | BARC | ||||||||
| U.S. Treasury Notes | 06/20/27 | 0.250%(Q) | EUR | 3,400 | 0.177% | 5,227 | (539) | 5,766 | BARC | ||||||||
| UnitedHealth Group, Inc. | 06/20/26 | 1.000%(Q) | 3,370 | 0.156% | 14,833 | 9,331 | 5,502 | GSI | |||||||||
| Verizon Communications, Inc. | 06/20/26 | 1.000%(Q) | 4,820 | 0.213% | 20,416 | 7,702 | 12,714 | GSI | |||||||||
| $1,763,075 | $556,117 | $1,206,958 | |||||||||||||||
| Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Value at Trade Date | Value at January 31, 2026 | Unrealized Appreciation (Depreciation) | |||||||||
| Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1): | |||||||||||||||
| CDX.NA.IG.45.V1 | 12/20/30 | 1.000%(Q) | 235,680 | $(5,341,070) | $(5,582,842) | $(241,772) | |||||||||
| (1) | If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| (2) | If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| (3) | Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| (4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
| * | When an implied credit spread is not available, reference the fair value of credit default swap agreements on credit indices and asset-backed securities. Where the Fund is the seller of protection, it serves as an indicator of the current status of the payment/performance risk and represents the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the reporting date. Increasing fair value in absolute terms, when compared to the notional amount of the swap, represents a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
| Currency swap agreement outstanding at January 31, 2026: | ||||||||||||||||||
| Notional Amount (000)# | Fund Receives | Notional Amount (000)# | Fund Pays | Counterparty | Termination Date | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | ||||||||||
| OTC Currency Swap Agreement: | ||||||||||||||||||
| 11,394 | 4.67%(A) | EUR | 10,500 | 3.10%(A) | JPM | 09/27/29 | $(942,189) | $— | $(942,189) | |||||||||
| Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Value at Trade Date | Value at January 31, 2026 | Unrealized Appreciation (Depreciation) | ||||||||
| Centrally Cleared Interest Rate Swap Agreements: | ||||||||||||||
| GBP | 9,558 | 05/08/26 | 1.000%(A) | 1 Day SONIA(1)(A)/ 3.725% | $(448,713) | $391,176 | $839,889 | |||||||
| GBP | 7,720 | 05/08/27 | 1.050%(A) | 1 Day SONIA(1)(A)/ 3.725% | 398,509 | 563,598 | 165,089 | |||||||
| GBP | 525 | 05/08/31 | 1.150%(A) | 1 Day SONIA(1)(A)/ 3.725% | (22,856) | 104,513 | 127,369 | |||||||
| GBP | 2,010 | 05/08/32 | 1.150%(A) | 1 Day SONIA(1)(A)/ 3.725% | 143,032 | 470,712 | 327,680 | |||||||
| GBP | 500 | 05/08/34 | 1.200%(A) | 1 Day SONIA(1)(A)/ 3.725% | (27,897) | 148,224 | 176,121 | |||||||
| 86,205 | 05/11/26 | 4.750%(A) | 1 Day SOFR(2)(A)/ 3.680% | 126,122 | 508,651 | 382,529 | ||||||||
| 141,225 | 08/27/26 | 3.809%(T) | 1 Day SOFR(2)(T)/ 3.680% | — | (131,031) | (131,031) | ||||||||
| 20,835 | 09/25/26 | 4.699%(A) | 1 Day SOFR(1)(A)/ 3.680% | 3,854 | (188,593) | (192,447) | ||||||||
| 200,020 | 05/13/27 | 4.497%(A) | 1 Day SOFR(2)(A)/ 3.680% | 31,778 | 2,934,208 | 2,902,430 | ||||||||
| 114,725 | 01/28/29 | 4.110%(A) | 1 Day SOFR(1)(A)/ 3.680% | — | (2,346,592) | (2,346,592) | ||||||||
| 124,475 | 05/13/29 | 4.253%(A) | 1 Day SOFR(1)(A)/ 3.680% | (132,349) | (3,187,347) | (3,054,998) | ||||||||
| 43,620 | 12/20/44 | 3.995%(A) | 1 Day SOFR(2)(A)/ 3.680% | — | (1,072,498) | (1,072,498) | ||||||||
| 10,735 | 12/16/49 | 3.805%(A) | 1 Day SOFR(2)(A)/ 3.680% | (74,082) | (678,067) | (603,985) | ||||||||
| 16,863 | 11/15/52 | 3.927%(A) | 1 Day SOFR(1)(A)/ 3.680% | — | 791,566 | 791,566 | ||||||||
| 6,455 | 05/11/54 | 1.350%(A) | 1 Day SOFR(1)(A)/ 3.680% | 2,946,494 | 3,213,805 | 267,311 | ||||||||
| 53,275 | 12/14/54 | 3.136%(A) | 1 Day SOFR(1)(A)/ 3.680% | 779,132 | 2,218,625 | 1,439,493 | ||||||||
| 9,505 | 12/16/54 | 3.719%(A) | 1 Day SOFR(1)(A)/ 3.680% | 73,662 | 779,574 | 705,912 | ||||||||
| 33,250 | 12/20/54 | 3.825%(A) | 1 Day SOFR(1)(A)/ 3.680% | — | 2,129,958 | 2,129,958 | ||||||||
| 53,000 | 01/15/55 | 4.130%(A) | 1 Day SOFR(1)(A)/ 3.680% | (971,041) | 671,284 | 1,642,325 | ||||||||
| $2,825,645 | $7,321,766 | $4,496,121 | ||||||||||||
| Notional Amount (000)# | Termination Date | Fixed Rate | Floating Rate | Fair Value | Upfront Premiums Paid(Received) | Unrealized Appreciation (Depreciation) | Counterparty | ||||||||
| OTC Interest Rate Swap Agreements: | |||||||||||||||
| BRL | 123,650 | 01/02/31 | 13.788%(T) | 1 Day BROIS(1)(T)/ 0.055% | $(862,071) | $— | $(862,071) | GSI | |||||||
| BRL | 123,650 | 01/02/31 | 13.940%(T) | 1 Day BROIS(2)(T)/ 0.055% | 835,361 | — | 835,361 | GSI | |||||||
| $(26,710) | $— | $(26,710) | |||||||||||||
| (1) | The Fund pays the fixed rate and receives the floating rate. |
| (2) | The Fund pays the floating rate and receives the fixed rate. |
| Total return swap agreements outstanding at January 31, 2026: | ||||||||||||||
| Reference Entity | Financing Rate | Counterparty | Termination Date | Long (Short) Notional Amount (000)#(1) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation)(2) | |||||||
| OTC Total Return Swap Agreement: | ||||||||||||||
| iBoxx US Dollar Liquid Investment Grade Index(T) | 1 Day SOFR(Q)/ 3.680% | BNP | 03/20/26 | (68,040) | $79,687 | $— | $79,687 | |||||||
| (1) | On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Fund makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate. |
| (2) | Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation). |